Green bonds: a survey
| Autor: | Chiyoung Cheong, Jaewon Choi |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Seonmul yeongu, Vol 28, Iss 4, Pp 175-189 (2020) |
| Druh dokumentu: | article |
| ISSN: | 1229-988X 2713-6647 |
| DOI: | 10.1108/JDQS-09-2020-0024/full/pdf?title=green-bonds-a-survey |
| Popis: | This paper is a survey of recent academic developments in the literature on green bonds, which have become an important financial instrument in socially responsible investment. This study provides a review of papers that study the market pricing of green bonds, the economic and environmental effects of green bond financing, as well as legal and institutional issues in the green bond market. The literature on market pricing focuses mainly on the existence of greenium, which represents the extent to which green bonds carry a price premium over otherwise identical non-green counterparts. The literature on the economic and environmental effects mainly concerns stock market reaction to green bond issuance and associated economic value implications to other stakeholders, as well as investment in green projects. This paper discusses current issues in the green-bond market and avenues for future research. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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