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Published (Version of record)CC BY V4.0, Open Access
Published (Version of record)CC BY V4.0, Open
Journal article
Biodiversity risk and seasoned equity offerings
Economics letters, Vol.247, pp.1-6
2025
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Abstract
This study explores the relationship between a firm’s exposure to biodiversity risk and its decision to undertake seasoned equity offerings (SEOs). Our results show that firms facing significant biodiversity risks are more likely to engage in SEOs, especially those with greater external financial needs. Additionally, firms with stronger
managerial capabilities are better equipped to manage biodiversity risks by obtaining additional funding through SEOs. Our research adds to the corporate finance literature by emphasizing the influence of biodiversity risk on a firm’s external financing decisions.
Details
- Title
- Biodiversity risk and seasoned equity offerings
- Creators
- Xiaohui Liu - The University of AdelaideYulin Li - The University of AdelaideChandrasekhar Krishnamurti - The University of Adelaide
- Publication Details
- Economics letters, Vol.247, pp.1-6
- Publisher
- Elsevier B.V
- Identifiers
- 991013340628302368
- Copyright
- © 2025 The Authors.
- Academic Unit
- Faculty of Business, Law and Arts
- Language
- English
- Resource Type
- Journal article