Prof. John W. Goodell: Biodiversity disclosure and green innovation: Transparency leading to action?

Date: 16 February 2026, 11:40-12:40 

Location: Corvinus University of Budapest, Building E, Room E.279.1. (Institute of Finance) 

Language of the event: English  

Abstract: Biodiversity loss is not only an ecological critical concern, but also a major challenge to economic development and the sustainable operation of enterprises. However,  empirical research on biodiversity management at the corporate level remains limited. Based on a unified framework of corporate external disclosure and internal management, we explore the causal relationship between biodiversity disclosure and green innovation. Utilizing a sample of Chinese-listed enterprises, our multivariate regression analysis demonstrates that biodiversity disclosure facilitates green innovation. Additionally, mechanism analysis reveals that enterprises reduce information asymmetry and alleviate financing constraints by disclosing biodiversity information while managing biodiversity through substantive and targeted green innovations. Besides, the heterogeneous effects are more pronounced for enterprises with exposure risks. Lastly, we assess the spillover effects of corporate biodiversity disclosure behavior in horizontal and externality dimensions. Our findings shed new light on corporate social responsibility practice and sustainable development.  

Joint work with Anna Min Du   

Read Prof.  John W. Goodell’s publications. 

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Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person; it will generally be held offline.