Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...

Foreign direct investment (FDI) may play a key role in the global effort to shift towards a low-carbon economy. Multinational enterprises (MNEs) can contribute in several important ways to climate change mitigation, by providing emission-saving technologies, financial resources and managerial...

The economic shocks from the pandemic and rising geoeconomic tensions have triggered an accelerated restructuring of foreign investment flows in global value chains. As the previous determinants of foreign investment are rapidly changing, many new risks and opportunities abound for developing...