bond - to shareholders Finally, we document a significant relationship between the mispricing measure and the issuing firms …

Using an international sample of corporate Green bond issuances over the recent period, this paper highlights the … potential consequences of the issuance of a Green bond on the issuer's financial performance. Starting with a first sample of … 2079 Green bond issuances of 190 unique issuers from 2009 to 2018, we investigate only corporate green bond issuances. Our …

implications and effectiveness in terms of issuers' environmental engagement. Using matched bond-issuer data, we test whether green … bond issues are associated to a reduction in total and direct (scope 1) emissions of non-financial companies. We find that …, compared to conventional bond issuers with similar financial characteristics and environmental ratings, green issuers display a …