How does biodiversity risk exposure affect corporate regulatory intensity

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dc.citation.issuePart B
dc.citation.volume86
dc.contributor.authorTran TT
dc.contributor.authorHoang K
dc.contributor.authorNgo T
dc.contributor.authorNguyen TX
dc.contributor.authorTran HTT
dc.date.accessioned2025-10-07T22:17:56Z
dc.date.available2025-10-07T22:17:56Z
dc.date.issued2025-12
dc.description.abstractThis 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.
dc.description.confidentialfalse
dc.edition.editionDecember 2025
dc.identifier.author-urlhttps://orcid.org/0000-0002-6090-8067
dc.identifier.citationTran TT, Hoang K, Ngo T, Nguyen TX, Tran HTT. (2025). How does biodiversity risk exposure affect corporate regulatory intensity?. Finance Research Letters. 86. Part B.
dc.identifier.doi10.1016/j.frl.2025.108493
dc.identifier.eissn1544-6131
dc.identifier.elements-typejournal-article
dc.identifier.issn1544-6123
dc.identifier.number108493
dc.identifier.piiS1544612325017477
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/73664
dc.languageEnglish
dc.publisherElsevier Inc, United States of America
dc.publisher.urihttps://www.sciencedirect.com/science/article/pii/S1544612325017477
dc.relation.isPartOfFinance Research Letters
dc.rights(c) The author/sen
dc.rights.licenseCC BYen
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en
dc.subjectBiodiversity risk
dc.subjectInstitutional quality
dc.subjectRegulatory intensity
dc.titleHow does biodiversity risk exposure affect corporate regulatory intensity
dc.typeJournal article
pubs.elements-id503464
pubs.organisational-groupOther
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