it adds to a strand of literature on corporate decisions and market responses to the issuance of green bonds. A growing body of studies has solely focused on exploring the motivation behind green bond issuance (Cao et al.2021; Lin and Su2022; Liu et al.2022) and the actual impacts of gr...
The world's appetite for securities that help curb greenhouse gas emissions is growing faster than predicted with almost $72 billion of green bonds set to be issued this year. About $37 billion of climate-friendly securities were issued in the first half of 2016, making it the busiest year ...
China's issuance of green bonds has maintained a rapid increase in recent years, with the amount reaching 210.3 billion yuan last year, accounting for nearly 18 percent of the worldwide issuance, the paper cited data from a report by the China Central Depository & Clearing Co., Ltd. The co...
The coronavirus pandemic hindered issuance of green bonds in the first quarter, but market observers still see a bright long-term outlook for the asset class, which bodes well for ETFs such as theVanEck Vectors Green Bond ETF (NYSEArca: GRNB). GRNB tracks the S&P Green ...
Given the escalating momentum of Chinese green bond (CGB) issuances, this study aimed to elucidate the intricate relationship between CGB issuances and firm performance. Our findings indicate a significant spillover effect stemming from green government and green financial bonds, whereas the impact on ...
Vigorously developing green industries is an important support for achieving the goal of "double carbon". Since the beginning of this year, China's green investment has performed brilliantly. According to wind data, as of August 8, the total issuance of green bonds in China has reached 1.03 tr...
The global issuance of green bonds has hit yet another milestone for the first time surpassing $100bn inside six months, the Climate Bonds Initiative confirmed yesterday. The $100bn mark was first reached... To continue reading this article... ...
The United States had the largest issuance of green bonds with $51.1 billion, followed by Germany with $40.2 billion and France with $32.1 billion. China and the Netherlands rounded out the top five with $17.2 billion and $17 billion, respectively. ...
view that environmental problems lead to a higher cost of debt financing and lower credit ratings, an active environmental practice lowers the cost of debt issuance. Albeit so, how does this lower cost of debt affect firm equity cost and the aggregate cost of capital of the green bonds?
We further explore the economic mechanism through which the issuance of green bonds positively impacts ESG rating disagreement. The first one we examine is the incremental ESG information along with the green bond issuance. Using the ESG disclosure score provided by Bloomberg, we find that after iss...