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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
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
bond - to shareholders Finally, we document a significant relationship between the mispricing measure and the issuing firms …
Persistent link: https://www.econbiz.de/10013169209
-9 basis points on the yield at issue compared to a conventional bond, although this premium decreased over time. On …
Persistent link: https://www.econbiz.de/10014265358
addition to the directly targeted bonds, also the green bond segment. Via a standard difference-in-differences model we …
Persistent link: https://www.econbiz.de/10014266795
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
Persistent link: https://www.econbiz.de/10013268038
The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth … of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of … bond issuers has shifted, with the entry of many smaller and riskier issuers. New issuers invest and grow, instead of …
Persistent link: https://www.econbiz.de/10013198743
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 …
Persistent link: https://www.econbiz.de/10012299172