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Outside Purchase Contracts, Human Capital and Firm Capital Structure

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NBER2014-10-01 更新2025-01-04 收录
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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

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2014-10-01
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