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Financing the energy transition: the role, opportunities and challenges of green bonds
Maino, Andrea Giulio - 2022
the green bond market. Central banks are also expected to play a major role in shaping the pricing and adoption of green …
Persistent link: https://www.econbiz.de/10012816481
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Climate finance for Canadian cities : is debt financing a viable alternative?
Carvalho, Gustavo - 2018
Persistent link: https://www.econbiz.de/10011811102
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On the Corporate Use of Green Bonds
Bagnoli, Mark - 2019
When do wholesalers issue green bonds to finance their socially responsible activities instead of charging a premium for the products they produce? We show that in less competitive retail markets when retailers can "skim" more of the premium that end consumers pay for socially responsible...
Persistent link: https://www.econbiz.de/10012861601
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ESG screening in the fixed-income universe
Alessandriniy, Fabio; Baptista Balula, David; Jondeau, Eric - 2021
This paper evaluates the impact of a screening process based on Environment, Social, and Governance (ESG) scores for an otherwise passive portfolio of investment-grade corporate bonds. The main result is that this filtering leads to a substantial improvement of the targeted ESG score without...
Persistent link: https://www.econbiz.de/10012800004
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Are covered bonds different from securitization bonds? A comparative analysis of credit spreads
Pinto, João - 2020
This study compares credit spreads and the pricing of securitization and covered bonds. Using a sample of 18,309 bonds issued by European banks in the 2000-2016 period, we find that asset-backed securities (ABS), mortgage-backed securities (MBS), public covered bonds (PCB), and mortgage covered...
Persistent link: https://www.econbiz.de/10012853679
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The economics of sustainability linked bonds
Berrada, Tony; Engelhardt, Leonie; Gibson, Rajna; … - 2022
bond - to shareholders Finally, we document a significant relationship between the mispricing measure and the issuing firms …
Persistent link: https://www.econbiz.de/10013169209
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(In)-Credibly Green : Which Bonds Trade at a Green Bond Premium?
Kapraun, Julia - 2019
corresponding bond and its issuer. We analyze a large sample of more than 1,500 Green bonds with respect to their pricing on the …, credibility of the Green label reveals to be of particular importance. Investors are more likely to consider a corporate bond as … Green, i.e., be willing to pay a premium for it, when the bond is certified as such by a third party, or when the bond is …
Persistent link: https://www.econbiz.de/10012891156
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Allocating to Green Bonds
Swinkels, Laurens - 2021
Green bonds are about a decade old financial instrument with cash flows earmarked to improve the environment or combat climate change. We show the spectacular growth of the asset class over time, but note that it is currently still less than 1% of the entire fixed income market. The composition...
Persistent link: https://www.econbiz.de/10013235725
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Quantitative Comparison of the Issue Yield of Green Bonds and Conventional Bonds
Jelemensky, Julia - 2022
which impact the fact that a bond is investing in green projects has on the yield that investors receive. The aim of this …
Persistent link: https://www.econbiz.de/10013185634
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Global shocks and green bonds issuance : an empirical evidence from firm-level panel data
Azhgaliyeva, Dina; Kapsalyamova, Zhanna - 2024
This paper investigates the determinants of corporate green bond issuance using annual firm-level data for 300 issuers … bond-specific characteristics, such as maturity, coupon rate, and currency are important determinants of the green bond …
Persistent link: https://www.econbiz.de/10014565105