Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2023
We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset … values. We first develop a news-based measure of aggregate biodiversity risk and analyze how it varies over time. We also … construct and publicly release several firm-level measures of exposure to biodiversity risk, based on textual analyses of firms …
