Journal
FINANCE RESEARCH LETTERS
Volume 41, Issue -, Pages -Publisher
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.frl.2020.101816
Keywords
Green bond; green label; green premium; bond yield
Categories
Ask authors/readers for more resources
The study found that unlabeled green bonds are likely to have higher yields, despite unlabeled and labeled green bonds having the same characteristics.
This is the first study to empirically tests a price difference between labeled and unlabeled green bonds and to identify which factors contribute to any price difference although both bonds may eventually be used to fund environmentally beneficial projects. We study the effect of the green label, focusing on especially the yield of labeled and unlabeled green bonds after propensity score matching. We find that unlabeled green bonds are likely to have higher yields, despite unlabeled and labeled green bonds having the same characteristics.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available