We hypothesize that informal bank networks influence corporate credit access in China. Our sample comprises a panel of 515 corporations listed on China's stock exchanges with a total of 1,052 firm-year observations, holding a total of 7,009 major bank loans from 183 distinct banks between 2007 and 2012. Results support the hypothesis that closure in bank networks facilitates credit access. We further show that the positive closure-performance association offers fewer advantages if financial markets and the legal infrastructure are relatively well developed. Our findings contribute to an emergent literature examining how informal networks can productively substitute weak formal institutions, and how the interplay between informal networks and network embeddedness shapes individual and corporate strategies.

This article addresses corruption as a negative practice displaying the ‘darker side’ of social capital in Chinese guanxi and Russian blat/svyazi networks. It presents a conceptual framework integrating several research streams to establish a conceptual linkage between social network characteristics and three forms of corruption between business persons and public officials: cronyism, bribery, and extortion. We argue that the forms of corruption in a society are determined by the nature of social network ties and their underlying morality, with particularistic and general trust being key factors. Our framework depicts networks as three concentric circles representing three types of corruption resulting from their corresponding types of reciprocity: open, closed, and negative. We then apply the framework to the practice of guanxi in China and blat/svyazi in Russia. We propose that different network characteristics and different forms of corruption may help explain what we label the ‘China-Russia paradox’ of why corruption and high economic growth have co-existed in China, at least in the short term, but less so in Russia. We conclude with ethical and legal implications for doing business in those two transforming economies and offer suggestions for future research.

Moral obligation, reciprocity, and affection contribute to the development of strong interpersonal relationships. An indigenous notion in Chinese culture, jiangyiqi, captures these three component principles of strong relationship development in one concept. Jiangyiqi has been held anecdotally as a common code of conduct for building strong, trustworthy relationships in China. We explore the possible integration of these three components of interpersonal relationships in Chinese society in our introduction of the construct of jiangyiqi, based upon Confucian ethics and the circles of relationships delineated in past literature on Chinese societies. Drawing from social exchange theory as well as the perspective of reciprocal altruism in evolutionary biology, we propose that jiangyiqi makes an individual a good candidate for developing strong non-kin relationships. We discuss the managerial implications of jiangyiqi for relationship building in a Chinese cultural context.

In this study, I investigated students' memories of the terrorist attacks of September 11, 2001, carried out by Al Qaeda terrorists against the World Trade Center in New York and the Pentagon in Washington. Participants completed on two occasions (2 weeks and 8 months after the events took place) a memory questionnaire that included an assessment of the phenomenal richness of their memories. The results showed that the participants remembered very well the circumstances in which they first heard about the terrorist attacks, that they were very confident about this information, and that these memories were characterized by a high phenomenal richness. Over time, there was a decrease in all of these variables, but people's ratings of phenomenology and confidence were still very high.

We examined the memory for central and peripheral information concerning a crime and the acceptance of false information. We also studied eyewitnesses' confidence in their memory. Participants were shown a video depicting a bank robbery and a questionnaire was used to introduce false central and peripheral information. The next day the participants completed a recognition task in which they rated the confidence of their responses. Performance was better for central information and participants registered more false alarms for peripheral contents. The cognitive system's limited attentional capacity and the greater information capacity of central elements may facilitate processing the more important information. The presentation of misinformation seriously impaired eyewitness memory by prompting a more lenient response criterion. Participants were more confident with central than with peripheral information. Eyewitness memory is easily distorted in peripheral aspects but it is more difficult to make mistakes with central information. However, when false information is introduced, errors in central information can be accompanied by high confidence, thus rendering them credible and legally serious.

This article explores how young Brazilian men from poorer areas transcend socio-geographical boundaries by inhabiting the streets of an elite neighbourhood. Drawing on several periods of qualitative fieldwork, the article demonstrates the complex and dynamic character of the relationship between the young men and the formal residents and traders. It reveals temporal patterns of day and night, where the young men's social positions shift from subordinate diurnal (as serving workers) to dominant nocturnal positions (as potential attackers). Analysing the interactional patterns between the two groups regarding sentiments of trust and fear, the multifaceted and sometimes incoherent relations reveal social inclusion and exclusion as well as street protection and crime. The article also dismantles some common dichotomies within research on crime and fear of crime, emphasising that these young men are both victims and offenders, fearful and fearsome.