Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion (explicit and tacit) becomes easier, firms might be less inclined to set up a cartel simply because tacit coordination already tends to go in hand with supra-competitive profits....

We use social network data from Facebook to show that institutional investors are more likely to invest in firms from regions to which they have stronger social ties. This effect of social proximity on investment behavior is distinct from the effect of geographic proximity. Social connections...

Part I: Microfinance -- 1. Can Microfinance Achieve Both Social and Financial Goals? -- 2. Boundaries of Microfinance -- Part II: Financing of Small and Medium-sized Enterprises -- 3. Solving the Financing Difficulty of SMEs by Community Construction -- 4. Big Bank, Small Finance -- Part III:...