This chapter reports on the “economics of language” for immigrants—that is, the influence of language on the choice of destination among international migrants, the determinants among immigrants of destination language proficiency, and the labor market consequences of that proficiency, as...

We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...

We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...