Biodiversity management and stock price crash risk
Alexander Bassen,
Daniel Buchholz,
Kerstin Lopatta
et al.
Abstract:This study explores the link between corporate biodiversity management and the risk of sudden declines in future stock prices, an area largely overlooked in empirical research despite the societal significance of biodiversity loss. We posit that robust corporate biodiversity efforts mitigate the suppression of negative information, consequently reducing the risk of abrupt stock price declines. Leveraging a global dataset and innovative biodiversity management metrics from Moody's ESG Solutions (former Vigero E… Show more
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