We analyze the corporate green bond market under a rational framework without an innate green preference, using a simple adverse selection model. Firms can use green bonds to signal their green credentials to investors. Transition risk stems from uncertainty over the introduction of carbon...

We analyze the corporate green bond market under a rational framework without an innate green preference, using a simple adverse selection model. Firms can use green bonds to signal their green credentials to investors. Transition risk stems from uncertainty over the introduction of carbon...

The impact of time allocation on the economy and society has spatial characteristics, especially spatial allocation of leisure time (SALT). To explain the decision-making mechanism of SALT, we divide time from the perspective of space and construct the individual utility function to transform...