Sarah Lynch, Inc., Oct. 3, 2023 "City officials are seeking federal help as the migrant influx intensifies--and business leaders are joining the call. In August, over 120 business executives from...
This document is scheduled to be published in the Federal Register on 10/05/2023 "The Secretary of Homeland Security has determined, pursuant to law, that it is necessary to waive certain laws,...
Nadine Sebai, Nina Sparling, Bruce Gil, The Public's Radio, Sept. 18, 2023 "The U.S. Department of Labor is investigating possible violations of child labor, overtime pay, and anti-retaliation...
Jules Ownby, EL PAÍS USA, Oct. 2, 2023 "Secret offices, weeks of waiting, calls from private numbers and confidentiality agreements. These are some of the features of the new U.S. immigration...
Camilo Montoya-Galvez, CBS News, Sept. 27, 2023 "The U.S. will aim to resettle up to 50,000 refugees from Latin America and the Caribbean in the next 12 months as part of a Biden administration...
Dany Bahar, Prithwiraj Choudhury, Britta Glennon, October 19, 2020
An Executive Order worth $100 billion: The impact of an immigration ban’s announcement on Fortune 500 firms’ valuation
"Abstract: On June 22, 2020, President Trump issued an Executive Order (EO) that suspended new work visas, barring nearly 200,000 foreign workers and their dependents from entering the United States and preventing American companies from hiring skilled immigrants using H-1B or L-1 visas. Exploiting this shock, and using event study methodology analyzing the cumulative average abnormal returns (CAARs) of Fortune 500 companies following this order, we find that the EO statistically and economically significantly caused negative CAARs of up to 0.45%, the equivalent of over 100 billion of US dollars of losses, based on the firms’ valuation before the event. Our results are particularly pronounced for firms that had maintained or increased their reliance on skilled immigrant workers over the prior years."