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White Table Studies

White Table Studies

By: Gbenga Adamolekun
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Podcast for some of my interesting Research Papers

 Economics Personal Finance Social Sciences
Episodes
  • Firm biodiversity risk, climate vulnerabilities, and bankruptcy risk

    Firm biodiversity risk, climate vulnerabilities, and bankruptcy risk
    Nov 21 2024

    This study examines the relationship between firms’ biodiversity risk, climate susceptibility, and bankruptcy risk. The findings indicate that firm exposure to biodiversity risk increases the likelihood of financial distress. Furthermore, we document that firms’ susceptibility to climate risk increases the likelihood of bankruptcy risk. We also demonstrate that financial constraints, growth opportunities, and membership in carbon-intensive industries can worsen or alleviate the bankruptcy implications of climate-related risk. Firms’ continent of operation is also an important consideration. The findings imply that severe climate-related vulnerabilities and firm biodiversity risk have profound consequences for corporate outcomes. This study sheds more light on how corporate financial outlook is impacted by ecological degradation and climate-related vulnerabilities.
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    19 mins
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