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Matteo Valle (ASE, UvA) & Shelby Matevich (ABS, UvA) will present their research in sustainability in the SEEMS seminar on October 27, 2025. Read more about their research below.
Event details of SEEMS Seminar with Matteo Valle (ASE, UvA) & Shelby Matevich (ABS, UvA)
Date
27 October 2025
Time
13:00 -14:00
Room
M4.02

Matteo Valle (ASE, UvA) - “Environmental regulatory risk and asset prices”

We study if equity markets care about environmental regulation. We use a measure of environmental regulatory stringency derived from the legal documents published by the U.S. Environmental Protection Agency (EPA). We show that in the cross-section of returns, environmental regulation negatively impacts high-emission firms. This effect is smaller for companies with high cash holdings, because of their ability to react flexibly to changing regulations. We construct long-short mimicking portfolios at higher frequencies than the regulatory documents. We show that when climate attention is high, our mimicking portfolios hedge statistically significantly against the heightened risk of stricter environmental regulation. Joint Work with Peter Boswijk, Cees Diks and Simon Trimborn.

Shelby Matevich (ABS, UvA) - "Entrepreneurship and transformative change: An evidence-based roadmap from the conservation sciences"

Accelerating loss of global biodiversity has prompted nature conservation institutions to call for system-wide, transformative change. Entrepreneurship, recognized as a driver of change across social, environmental and economic spheres, appears relevant to this challenge. However, entrepreneurship literature has largely neglected biodiversity conservation, with leading entrepreneurship journals publishing only six articles directly addressing biodiversity conservation in the past decade. This gap is surprising given the uptake of entrepreneurship scholarship focused on impact and grand challenges, which could hold critical theoretical and practical insights. This article revisits impact-oriented entrepreneurship literature through the lens of the IPBES Transformative Change Assessment. In search of contextually relevant insights for accelerating biodiversity loss, we focus on the Assessment’s five leading challenges to just and sustainable transformative change. We identify strengths, opportunities, and critical gaps in the entrepreneurship literature. Our analysis reveals that both opportunities and critical gaps in entrepreneurship literature converge on social science dimensions; we therefore turn to a discussion on the conservation social sciences. Through theoretical and methodological tools addressing power, politics, and history, we demonstrate how to bridge future entrepreneurship research to the current biodiversity conservation context, with translatable insights for entrepreneurship research on transformative change and grand challenges more broadly.

S.C. (Shelby) Matevich MA MSc

Faculty of Economics and Business

Section Entrepreneurship & Innovation

Roeterseilandcampus - building M

Room M4.02
Plantage Muidergracht 12
1018 TV Amsterdam