This paper investigates the informational efficiency of green bond markets using a recently introduced quantitative … inefficiency of the green bond market is generally found to be very similar to that of benchmark bond markets such as treasury bond … green bond markets are very similar to those in the benchmark bond markets. In other words, fundamental factors that drive …

instrument to finance a company's sustainability transition has been developed: the sustainability-linked bond (SLB). This paper …) Anleihe. Diese Arbeit untersucht, inwiefern der SL-Anleihemarkt besonders diejenigen Unternehmen anzieht, die für eine …

China’s green bond market registered rapid growth in response to the goals of achieving emission peak and carbon … neutrality. In 2021, China’s labeled green bond market amounted to over RMB640 billion, becoming a significant part of the global … green bond market. The following measures can be taken in the future to promote continued sound development of the green …

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 …

. To solve this dilemma, the market should shift its mindset from verifying the type of bond to assessing the environmental … performance of the bond. The authors provide a framework to help investors or rating agencies do so feasibly …

Despite the substantial increase in green bond issuance over the past decade, corporate green bonds still only … represent a small fraction of total bond issuance, and evidence on the drivers and costs of corporate green bond issuance is … green bond issuance. We uncover cross-industry and cross-country differences in green bond issuance motives and find …

. Significant similarities in the bond characteristics are therefore anticipated, which ultimately leads to similarities in pricing … for these bond issuers over time. In this paper, using a very rich database with primary catastrophe bond data from June … 1997 to March 2020, and proposing a novel random intercept model, the variations in catastrophe bond premiums introduced by …

As the green bond market continues to develop and assume a critical role as a post-pandemic vehicle for supporting a …

green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …