on whether global diversification is valuable is inconclusive. This paper uses detailed FDI data for 251 UK multinational … firms and 4,676 subsidiaries to show that multinational firms exhibit, on average, a global diversification premium compared … multinational firms' investment and global diversification have significantly increased over the past three decades …

transnational activists and the changing norms and practices of development finance institutions such as the World Bank, some of the … largest commercial banks in the world created a global private regulatory regime - the Equator Principles (“EPs”) — to …