Synapse
⌘+K
Synapse
PulseExploreJournal ClubResearchersJournals
Instagram
HomeJournal ClubExplore
June 12, 2026Business Strategy and the Environment

Does Biodiversity Disclosure Influence Firm Value: Evidence From the EU?

View Full Paper
Ask AI
Bookmark
Share

Authors

NMNawazish MirzaDJDima JamaliMAMonica Violeta Achim

Discussion

Loading...

Member takes

Overview

Randomized trial examines biodiversity disclosure impact on firm valuation, suggesting enhanced investor confidence.

Key Points

  • This study investigates how biodiversity disclosure affects firm value in the European Union.
  • Developed a composite biodiversity disclosure score to assess reporting quality.
  • Analyzed panel data from 2015 to 2023 using fixed effects regressions with Tobin's Q and EV/EBITDA as valuation proxies.
  • Focused on biodiversity-intensive industries and firms with higher ESG performance.
  • Biodiversity disclosure positively correlates with firm valuation in the studied sample.
  • Clear evidence shows a stronger impact in biodiversity-intensive sectors and firms with good ESG practices.
  • Transparent reporting indicates firms' capability to manage climate-related risks, enhancing investor confidence.

Cite This Study

Mirza et al. (2026) studied this question.

synapsesocial.com/papers/6a2ba31a8101cf8926f01ddehttps://doi.org/10.1002/bse.71120
View Full Paper
Ask AI
Bookmark
Share