Becker, Annette; Di Girolamo, Francesca Erica; Rho, Caterina - 2023
Biodiversity loss can have direct economic impacts, as it limits the availability of natural resources and increases … costs across various industries. When firms face significant risks due to biodiversity loss, their creditworthiness may be … stricter lending conditions for borrowers. This paper analyzes how these risks spread from the real economy to the syndicated …