We survey the literature on global capital allocation. We begin by reviewing the rise of cross-
border investment, the shift toward portfolio investment, and the literature focusing on …

Firms and policy makers are increasingly looking at friend-shoring to make supply chains
less vulnerable to geopolitical tensions. We test whether these considerations are shaping …

We study how restricting intermediary contracting over ESG policies distorts financial market
outcomes. In 2021 Texas prohibited municipalities from hiring banks with certain ESG …

Executive teams in US firms are becoming increasingly partisan. We establish this new fact
using political affiliations from voter registration records for top executives of S&P 1500 firms …

Global linkages are changing amidst elevated geopolitical tensions and a surge in policies
directed at increasing supply chain resilience and national security. Using granular bilateral …

Are we really witnessing the death of globalization? A multitude of shocks over the past
three years has unsettled the conventional wisdom on economic integration and fueled …

This paper examines the relationship between capital inflows and import of capital goods to
credit-constrained industries in developing countries. Using data of 11 industrial sectors in …

This study examines the relationship between cross-listing and product market predation
risk by using cross-listed firm-level data in both A and H shares. Results investigate that …

Which commercial banks are best for green growth? This note aims to review the literature
and to provide some potential elements for a research agenda in this space. Commercial …

We examine how global institutional funds respond to news-based economic policy
uncertainty (EPU) in their investment destinations. We document several novel findings. On …