Ma, Cong; Schoutens, Wim; Beirlant, Jan; De Spiegeleer, Jan - 2020
called the greenium. In this paper, we investigate this yield differential between green and conventional bonds. We estimate … the greenium on the basis of the bond's asset swap spread (ASW) to investigate whether, consistent with a non … detected on individual bond pairs. However, our estimation of an overall greenium exhibits a level uctuating near zero over …