...Saadia Irfan; Hafiz Al Asad Bin Hoque; Arman Eshraghi Purpose This study examines whether and how board co-option – the proportion of directors appointed after the incumbent CEO assumes office – affects corporate biodiversity risk. While prior research links co-opted boards to weaker environmental...

... exposure to biodiversity risk. This study adds to the literature by examining the impact of biodiversity risk on dividend payout policy. Design/methodology/approach We use a large dataset of 30,652 firm-year observations from 3,220 unique US-listed firms for the period 2001–2020. Our baseline model...