. Based on prior empirical studies, we suggest that green bond commitments help managers signal the profitability of their … carbon prices. Our results not only support the role that our theory ascribes to managerial incentives, but also show that …

that subjects firms to institutions holding them accountable to their environmental promises. I find that green-bond … issuers face higher climate change risks and opportunities but fewer financial constraints than do traditional-bond issuers …. Moreover, consistent with green bonds acting as a commitment device, green-bond issuers increase emissions-target achievements …

We examine the role of the coupon choice in bond contracts as a signaling mechanism in the presence of information … bond and equity market based variables of information asymmetry to test our conjecture. We find that following the …

propose an "Attention Bond," allowing recipients to define a price that senders must risk to deliver the initial message. The …

bond dealers' choice in the hybrid Norwegian government bond market, I explore whether they adopt a trading strategy based … on the perceived informativeness of their trades. The results imply that bond dealers act strategically to preserve the …

bond issuers relative to other firms, but no difference for green loan and sustainability-linked loan borrowers. Green bond …

sustainable economy. This paper revisits the green bond premium and evaluates its determinants. For this purpose, 161 green bonds … are matched with 322 conventional bonds from the same issuer that are also identical in terms of currency, rating, bond … overall negative green bond premium, suggesting that green bonds experience lower yields than otherwise equivalent …

As the green bond market continues to develop and assume a critical role as a post-pandemic vehicle for supporting a … impact finance instruments to affect positive social and environmental change, this paper draws on established game theory …