Green bonds as a tool against climate change?
Sign Up to like & getrecommendations! Published in 2021 at "Business Strategy and The Environment"
DOI: 10.1002/bse.2771
Abstract: While green bonds are becoming increasingly popular in the corporate finance practice, little is known about their implications and effectiveness in terms of issuers' environmental engagement. Using matched bond-issuer data, we test whether green bond… read more here.
Keywords: finance; climate change; tool climate; bonds tool ... See more keywords
Dynamic nonlinear connectedness between the green bonds, clean energy, and stock price: the impact of the COVID-19 pandemic
Sign Up to like & getrecommendations! Published in 2022 at "Annals of Operations Research"
DOI: 10.1007/s10479-021-04452-y
Abstract: This paper uses weekly data from July 01, 2011 to July 09, 2021 to examine the dynamic nonlinear connectedness between the green bonds, clean energy, and stock price around the COVID-19 outbreak in the global… read more here.
Keywords: energy; stock price; green bonds; clean energy ... See more keywords
Network connectedness of green bonds and asset classes
Sign Up to like & getrecommendations! Published in 2020 at "Energy Economics"
DOI: 10.1016/j.eneco.2019.104629
Abstract: We identify network connectedness between green bonds and different asset classes over different investment horizons in the EU and US asset markets. We first focus on dynamic correlations between green bond and asset class price… read more here.
Keywords: connectedness; green bonds; network connectedness; connectedness green ... See more keywords
Dependence structure and dynamic connectedness between green bonds and financial markets: Fresh insights from time-frequency analysis before and during COVID-19 pandemic
Sign Up to like & getrecommendations! Published in 2022 at "Energy Economics"
DOI: 10.1016/j.eneco.2022.105842
Abstract: This paper examines the interdependence between green bonds and financial markets in the time-frequency domain by utilizing the multivariate wavelet approach and dynamic connectedness through combining Ensemble Empirical Mode Decomposition (EEMD) with Diebold and Yilmaz… read more here.
Keywords: time; bonds financial; financial markets; green bonds ... See more keywords
What explains the emergence and diffusion of green bonds?
Sign Up to like & getrecommendations! Published in 2020 at "Energy Policy"
DOI: 10.1016/j.enpol.2020.111641
Abstract: There is growing recognition that financing low-carbon energy and environmental transitions will require the innovation of new financial products. Yet current understanding of the conditions under which environment-focused financial innovations emerge and diffuse remains limited.… read more here.
Keywords: green bonds; diffusion green; energy; emergence diffusion ... See more keywords
Asymmetric relationship between green bonds and commodities: Evidence from extreme quantile approach
Sign Up to like & getrecommendations! Published in 2021 at "Finance Research Letters"
DOI: 10.1016/j.frl.2021.101983
Abstract: Abstract The paper documents the asymmetric relationship between green bonds and commodities via the cross-quantilogram approach. Given the heterogeneity nature of individual commodities, we employ three commodity key groups, including energy, metals, and agriculture. As… read more here.
Keywords: bonds commodities; asymmetric relationship; approach; relationship green ... See more keywords
For the Love of the Environment: An Analysis of Green versus Brown Bonds during the COVID-19 Pandemic
Sign Up to like & getrecommendations! Published in 2021 at "Finance Research Letters"
DOI: 10.1016/j.frl.2021.102576
Abstract: Increased awareness among investors about environmental and social issues made green bonds a popular investment alternative over the last decade. This study analyzes whether the primary and secondary market return performance of green bonds is… read more here.
Keywords: green bonds; market; environment analysis; secondary market ... See more keywords
Are green bonds a different asset class? Evidence from time-frequency connectedness analysis
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Cleaner Production"
DOI: 10.1016/j.jclepro.2021.125988
Abstract: Abstract This paper investigates the time-frequency connectedness across the global green bond market and several mainstream financial and energy markets in an attempt to figure out whether green bonds represent a different asset class. The… read more here.
Keywords: time; connectedness; green bonds; asset class ... See more keywords
Corporate green bonds
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.01.010
Abstract: Abstract I examine corporate green bonds, whose proceeds finance climate-friendly projects. These bonds have become more prevalent over time, especially in industries where the environment is financially material to firm operations. I show that investors… read more here.
Keywords: corporate green; finance; green bonds;
The pricing of green bonds: Are financial institutions special?
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Stability"
DOI: 10.1016/j.jfs.2021.100873
Abstract: Abstract The financial system plays a major role in the transition to a low-carbon economy. We investigate this issue analyzing the recent developments and challenges in the bond and debt markets. First, we study the… read more here.
Keywords: pricing green; institutions special; financial institutions; green bonds ... See more keywords
Green bonds: shades of green and brown
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Asset Management"
DOI: 10.1057/s41260-020-00192-z
Abstract: We analyse the existence of a green bond premium and find a negative premium of 8 to 14 basis points. We are further interested in the influence of ESG ratings on green bonds to determine… read more here.
Keywords: green bonds; bond; bonds shades; shades green ... See more keywords