, results in this study are consistent with of the financial theory of trade credit …

of trade credit. We find that firms with close and longlasting relationships with their main bank obtain higher amounts …

also tested and compared with the proposed model. We did not find evidence to support tax theory or to support the … operational argument of transaction cost theory. We find weak evidence to support the liquidity theory, while the asymmetric … information theory was confirmed. A comparison between the agency model proposed and traditional models concluded that the Agency …

We find that firms headquartered in U.S. counties with higher levels of social capital incur lower bank loan spreads …