We show that the value of corporate diversification increased during the 2007–2009 financial crisis. Diversification … significantly during the crisis. Our analysis provides new evidence on how the diversification discount and its drivers vary with … financial constraints and economic conditions, and suggests that corporate diversification can serve an important insurance …

We examine whether and why the value of diversification changed during the 2008–2009 financial crisis. We find that … endogeneity of either financing constraints or firms' diversification choices. We also find that the increase did not simply …

Export diversification, or the breadth of exports of an economy, is increasingly seen as a means of accelerating … structures may not be adequately reflected in diversification measurements based on gross exports. This paper develops a new … indicator of export diversification based on value added in sectors contributing to exports. For most Asia and the Pacific …

governments should use policy tools to ‘re-localise’ GVCs. But re-localising may also mean less diversification and thereby limit …