Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - 2016
From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. The benchmark-adjusted cumulative difference in...