Drawing insights from Fitzgerald's "The Great Gatsby", we explore a potentially significant impediment facing entrepreneurial firms as they attempt to augment and utilize their relationships with other firms. Significant differences in the quality of social capital can exist for entrepreneurial...

Traditional liquidity measures can provide a false impression of the liquidity and stability of financial market trading. Using data on auctions (bids wanted in competition; BWICs) from the collateralized loan obligation (CLO) market, we show that a standard measure of liquidity, the effective...