Browsing by Author "Hoang K"

Now showing 1 - 2 of 2
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    How does biodiversity risk exposure affect corporate regulatory intensity
    (Elsevier Inc, United States of America, 2025-12) Tran TT; Hoang K; Ngo T; Nguyen TX; Tran HTT
    This paper investigates the impact of biodiversity risk on corporate regulatory intensity of firms in the United States during 2007-2020. Using text-based measures of biodiversity risk and regulatory intensity extracted from corporate disclosures and public media, we provide empirical evidence of a positive impact of biodiversity risk exposure on corporate regulatory intensity. The finding suggests that more corporate exposure to biodiversity risk increases the regulatory intensity and cost of regulatory compliance. Further empirical analysis suggests that the impact of biodiversity risk exposure on regulatory intensity is less pronounced in firms with headquarters located in states with poorer institutions, and in vertically integrated firms.
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    Portfolio's weighted political risk and mutual fund performance: A text-based approach
    (Elsevier Inc, 2024-08) Nguyen HG; Hoang K; Nguyen QMP; Do HX; Nguyen DK
    Using text-based measures of firm-level political risk, we find a negative impact of the portfolio's weighted political risk on U.S. mutual fund performance. This relationship is robust to a wide range of topic-specific political risks at the firm level. We, however, find that national geopolitical risk, the U.S. state-level economic policy uncertainty, and Brexit-induced risk do not affect mutual fund performance. Our results suggest that even though mutual funds are immune from political risk at the macro level, they are significantly exposed to idiosyncratic political risk. We also demonstrate that partisanship matters to mutual fund performance.