Biodiversity risk and value creation in emerging markets

초록

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. © 2025

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