Corporate International Diversification Will Prove Beneficial to Shareholders

Corporate international diversification will prove beneficial to shareholders

A) since operating in a number of countries whose economic cycles are not perfectly in phase reduces the variability of MNC earnings
B) to the extent that multinationals can supply an indirect means of international diversification to individual investors
C) only if individual investors face barriers to direct international portfolio investment
D) when markets grow more cross-correlated in their price movements