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Biodiversity risk and value creation in emerging markets

Author

Listed:
  • Sun, Wenjie
  • Mei, Jianhua
  • Chen, Kecun
  • Li, Zhaoqi

Abstract

This study investigates how biodiversity risk management affects corporate value in Chinese A-share listed firms. Findings indicate that (1) proactive biodiversity risk management significantly enhances firm value, particularly in large enterprises and environmentally sensitive industries. (2) Green innovation is a crucial mechanism through which biodiversity risk management translates into corporate value enhancement. (3) Institutional investor oversight amplifies this positive effect, providing practical guidance for market-based biodiversity conservation strategies in emerging economies.

Suggested Citation

  • Sun, Wenjie & Mei, Jianhua & Chen, Kecun & Li, Zhaoqi, 2025. "Biodiversity risk and value creation in emerging markets," Finance Research Letters, Elsevier, vol. 85(PC).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013273
    DOI: 10.1016/j.frl.2025.108069
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    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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