Can biodiversity risk improve firm ESG performance? Empirical evidence from China

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106931 - 106931

Published: Feb. 1, 2025

Language: Английский

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A research on biodiversity risk and corporate short-term debt for long-term use under disclosure regulation

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 107049 - 107049

Published: Feb. 1, 2025

Language: Английский

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Monte Carlo Simulations for Resolving Verifiability Paradoxes in Forecast Risk Management and Corporate Treasury Applications

International Journal of Financial Studies, Journal Year: 2025, Volume and Issue: 13(2), P. 49 - 49

Published: April 1, 2025

Forecast risk management is central to the financial process. This study aims apply Monte Carlo simulation solve three classic probabilistic paradoxes and discuss their implementation in corporate management. The article presents as an advanced tool for processes. method allows a comprehensive analysis of forecasts, making it possible assess potential errors cash flow forecasts predict value treasury growth under various future scenarios. In investment decision-making process, supports evaluation effectiveness projects by calculating expected net identifying risks associated with investments, allowing more informed decisions be made project implementation. used reducing volatility, which contributes lowering cost capital increasing company. Simulation also enables accurate liquidity planning, including forecasting availability determining appropriate reserves based on probability distributions. credit interest rate risk, enabling impact economic scenarios company’s obligations. context strategic extension decision tree analysis, where subsequent are results earlier ones. Creating models simulations makes take into account random variables key indicators, such free (FCF). Compared traditional methods, offers detailed precise approach decision-making, providing companies vital information uncertainty. emphasizes that use not only enhances management, but long-term value. entire process able move predicting flows discounted at capital. We both numerical analytical methods veridical paradoxes. Veridical type paradox result counterintuitive, turns out true after careful examination. means although initial reasoning may lead wrong conclusion, correct mathematical or logical confirms correctness results. An example Monty Hall’s problem, intuitive answer suggests equal success, while shows changing increases chances winning. method. following were used: conditional probability, Bayes’ rule multiple conditions. solved truth-type discovered why Hall problem was so widely discussed 1990s. differentiated problems using different numbers doors prizes.

Language: Английский

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Corporate Climate Risk and Membership of Emission Trading Schemes

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: April 13, 2025

ABSTRACT Using a sample of 5364 firms from 65 countries, we demonstrate that membership in the scheme increases firm climate risk. Further analysis reveals positive impact on risk is pronounced among carbon‐intensive industries. Our findings continental differences and legal origin could moderate or exacerbate relationship between emission trading schemes (ETSs) corporate Similarly, ETSs only significant period after Paris Agreement. This indicates public interest change discussions may have driven initiative rather than reflecting real commitment to reducing carbon emissions. Additionally, show has short‐ medium‐term effects results are robust battery tests such as propensity score matching (PSM) generalized method moments (GMM).

Language: Английский

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Beyond greenwashing: How does firm-level biodiversity disclosure affect corporate sustainability strategy?

Pacific-Basin Finance Journal, Journal Year: 2025, Volume and Issue: unknown, P. 102787 - 102787

Published: April 1, 2025

Language: Английский

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