We investigate the role of trade credit links in generating cross-border return predictability between international … firms. Using data from 43 countries from 1993 to 2009, we find that firms with high trade credit located in producer … asset pricing model in which firms in different countries are connected by trade credit links. The model offers further …

jump back up to around 200 basis points. We surmise that in a booming credit market the certification of corporate …

' assessments of firms' credit quality and economic worth following loan announcements. Our sample comprises 986 announcements of …

Higher bank credit growth implies that excess returns of bank stocks over the next one year are lower by nearly 3 …%. Credit growth tracks bank stock returns over the business cycle and explains nearly 14% of the variation in bank stock …, the predictive power, as measured by the absolute magnitude of the coefficient on credit growth and the adjusted-R^2 at …

Higher bank credit growth implies that excess returns of bank stocks over the next one year are lower by nearly 3 …%. Credit growth tracks bank stock returns over the business cycle and explains nearly 14% of the variation in bank stock …, the predictive power, as measured by the absolute magnitude of the coefficient on credit growth and the adjusted-R2 at the …