This study explores the “dark side” of the corporate green bond markets. We first document that greenwashing is not … uncommon in green bond markets, as some corporates are found to have no reduction in greenhouse gas emission intensities after … their initial green bond issuance. Next, we find that to some extent, market participants are able to identify and penalise …

investment. The Chinese bond market has recently been going through a boom period, and we document evidence of ratings shopping … in the enterprise bond market. Our evidence shows that some firms get higher credit ratings than they should, resulting …

This paper documents that the bond investments of insurance companies transmit shocks from insurance markets to the … in bond demand raise bond prices and lower firms' funding costs. In response, firms issue more bonds, especially when … their bond underwriters are well connected with investors. Firms use the proceeds to raise investment rather than equity …

market, private benchmarks long ago displaced government benchmarks. In the bond markets, evidence from organised exchanges … government bond futures to private interest rate swaps. The global financial crisis seems only to have interrupted this process … in the US dollar bond market, the European sovereign bond strains may have accelerated it in the euro bond market; and …

This chapter aims to help an Indian commercial bank to choose between Asian Offshore CNH Bond and Asian Offshore USD … Bond using the measures of basis risk, yield curve risk, credit risk, market risk capital, credit risk capital and market …