Impact of biodiversity loss on firm value

• Project/Area Number: 25K05199
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07060:Money and finance-related
• Research Institution: Rikkyo University
• Principal Investigator: グエン・ティ・フォン タン 立教大学, グローバル・リベラルアーツ・プログラム運営センター, 特任准教授 (60791928)
• Project Period (FY): 2025-04-01 – 2029-03-31
• Project Status: Granted (Fiscal Year 2025)
• Budget Amount: ¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000); Fiscal Year 2028: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2027: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2026: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2025: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
• Keywords: Biodiversity Footprint / Biodiversity Dependency / Japan / Cross-country / Firm performance

Outline of Research at the Start

This research investigates the relationship between biodiversity and firm value, using data of Japanese listed firms. We examine the effects of Corporate Biodiversity Footprint and Dependency on firms' financial performance. The collapse of the ecosystems together with increased regulations will damage firms’ operating profit. Therefore, firms need to conserve the biodiversity in order to sustain their business in the long-term.