Green bonds : a survey

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

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Original languageEnglish
Pages (from-to)175-189
Number of pages15
Journal / PublicationJournal of Derivatives and Quantitative Studies: 선물연구
Volume28
Issue number4
Online published2 Nov 2020
Publication statusPublished - 21 Dec 2020

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  • This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/
Link to Scopus https://www.scopus.com/record/display.uri?eid=2-s2.0-85111715287&origin=recordpage
Permanent Link https://scholars.cityu.edu.hk/en/publications/publication(199ba10d-0650-49cd-8eba-825a094ee76a).html

Abstract

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.

Research Area(s)

  • Corporate social responsibility (CSR), Green premium, ESG, Sustainable finance, Green bonds, Socially responsible investing (SRI)

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Green Bonds Keyphrases
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market INIS
100
surveys INIS
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economics INIS
40
Environmental Impac... Keyphrases
40
Economic Effect Keyphrases
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Market Pricing Keyphrases
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Green Bond Market Keyphrases
40
investment INIS
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environmental effec... INIS
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Citation Format(s)

[ RIS ] [ BibTeX ]
Green bonds: a survey. / Cheong, Chiyoung; Choi, Jaewon.
In: Journal of Derivatives and Quantitative Studies: 선물연구, Vol. 28, No. 4, 21.12.2020, p. 175-189.

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

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