Environmental change is an important factor influencing green investment, and it affects green assets through green preference. However, this influence mechanism has not been studied on green bonds. This study adopts the threshold effect model to analyze the impact of air pollution levels on the...

It has been confirmed that sustainable investments contributing to environmental protection can benefit from the deterioration of air pollution, but this influence mechanism has not been fully discussed. This paper proposes a mediation model to study air pollution's influence on green bonds....

Under the assumption of the movement of rigid, a nonparallel-shift model in the term structure of interest rates is developed by introducing Fisher & Weil duration which is a well-known concept in the area of interest risk management. This paper has studied the hedge and replication for...