Are corporate green bonds issued and traded at a premium? Evidence from France
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/155922 |
Resumo: | This paper studies the existence of a green premium in the primary and secondary market using French corporate green bonds. We find that, while the yields of green bonds are on average lower than the yields of conventional bonds in the primary market, the results are not statistically significant. On the other hand, on the secondary market we find that green bonds trade tighter than non-green bonds. When splitting in rating groups, we find that A rated green bonds trade higher than conventional bonds. |
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Are corporate green bonds issued and traded at a premium? Evidence from FranceGreen bond premiumGreen bondsSustainable financeCredit ratingDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper studies the existence of a green premium in the primary and secondary market using French corporate green bonds. We find that, while the yields of green bonds are on average lower than the yields of conventional bonds in the primary market, the results are not statistically significant. On the other hand, on the secondary market we find that green bonds trade tighter than non-green bonds. When splitting in rating groups, we find that A rated green bonds trade higher than conventional bonds.Prado, Melissa PorrasRUNMendonça, Carolina Mesquita Teives2023-07-28T10:27:20Z2023-01-112022-12-162023-01-11T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/155922TID:203312210enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:38:31Zoai:run.unl.pt:10362/155922Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:16.264617Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Are corporate green bonds issued and traded at a premium? Evidence from France |
title |
Are corporate green bonds issued and traded at a premium? Evidence from France |
spellingShingle |
Are corporate green bonds issued and traded at a premium? Evidence from France Mendonça, Carolina Mesquita Teives Green bond premium Green bonds Sustainable finance Credit rating Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Are corporate green bonds issued and traded at a premium? Evidence from France |
title_full |
Are corporate green bonds issued and traded at a premium? Evidence from France |
title_fullStr |
Are corporate green bonds issued and traded at a premium? Evidence from France |
title_full_unstemmed |
Are corporate green bonds issued and traded at a premium? Evidence from France |
title_sort |
Are corporate green bonds issued and traded at a premium? Evidence from France |
author |
Mendonça, Carolina Mesquita Teives |
author_facet |
Mendonça, Carolina Mesquita Teives |
author_role |
author |
dc.contributor.none.fl_str_mv |
Prado, Melissa Porras RUN |
dc.contributor.author.fl_str_mv |
Mendonça, Carolina Mesquita Teives |
dc.subject.por.fl_str_mv |
Green bond premium Green bonds Sustainable finance Credit rating Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Green bond premium Green bonds Sustainable finance Credit rating Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This paper studies the existence of a green premium in the primary and secondary market using French corporate green bonds. We find that, while the yields of green bonds are on average lower than the yields of conventional bonds in the primary market, the results are not statistically significant. On the other hand, on the secondary market we find that green bonds trade tighter than non-green bonds. When splitting in rating groups, we find that A rated green bonds trade higher than conventional bonds. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-16 2023-07-28T10:27:20Z 2023-01-11 2023-01-11T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/155922 TID:203312210 |
url |
http://hdl.handle.net/10362/155922 |
identifier_str_mv |
TID:203312210 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799138148607852544 |