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implemented by the ECB immediately after the burst of the Covid-19 pandemic. We show that the differences in aim, size and … addition to the directly targeted bonds, also the green bond segment. Via a standard difference-in-differences model we …
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paper is underpinned by the mixed evidence on the existence of 'greenium', especially in corporate green bond markets; there … greenium. The results of the research lead to a better understanding of the green bond market for investors, researchers …The green bond market helps to mobilize financial sources toward sustainable investments. Green bonds are similar to …
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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
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We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of … crisis and has remained at an elevated level since. We also show that secondary market liquidity in the euro area bond market … and the Volcker Rule. Furthermore, our evidence suggests that the ECB’s asset purchase programs have led to a decrease in …
Persistent link: https://www.econbiz.de/10011879015
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rapidly evolving green bond market. In addition, the effect of ECB bond purchases on yields under the corporate sector … purchase program (CSPP) and the pandemic emergency purchase program (PEPP) is examined. The analysis shows that ECB bond …The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European …
Persistent link: https://www.econbiz.de/10012586095