Chinese Corporate Biodiversity Indices

VariablesDefinition
BiodiversityRiskConsistent with previous
BiodiversityConcern_freqThe proportion of the word frequency of biodiversity in the annual report’s total word frequency. (The total word frequency is measured by using the precise mode of jieba for recognition, excluding stopwords, single-character words, and words containing English.)
BiodiversityConcern_cnwordsThe proportion of the number of Chinese characters related to biodiversity in the annual report to the total number of Chinese characters (excluding punctuation marks and numbers).
BiodiversityConcern_charThe proportion of the number of characters related to biodiversity in the annual report to the total number of characters in the report (including punctuation marks and numbers).

The value of the Biodiversity Concern Index in the previous version is relatively close to the value of BiodiversityConcern_char in this version. Additionally, data from 2001 to 2023 have been updated in this version.

For details, please refer to the updated ” Chinese Corporate Biodiversity Indices 2001-2023.xlsx “.

Citation: He, F., Chen, L., & Lucey, B. M. (2024). Chinese corporate biodiversity exposure. Finance Research Letters, 106275.

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