A parametric approach to estimate the green bond premium

Detalhes bibliográficos
Autor(a) principal: Schmitt, Stephan Jakob
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/28402
Resumo: We analyze whether green bonds are traded on a premium versus conventional issuances of the same issuer. We estimate the difference in yield between a sample of 160 green bonds and a synthetic conventional bond with identical characteristics. The paper finds that green bonds have been traded on slightly higher yields than conventional bonds. This premium seems to decline in 2016 and 2017. Our data suggests that there is no significant difference between the developed and emerging markets and between different industry groups.
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spelling A parametric approach to estimate the green bond premiumGreen bondsGreen bonds premiumSustainable investingGovernment bondsCorporate bondsDomínio/Área Científica::Ciências Sociais::Economia e GestãoWe analyze whether green bonds are traded on a premium versus conventional issuances of the same issuer. We estimate the difference in yield between a sample of 160 green bonds and a synthetic conventional bond with identical characteristics. The paper finds that green bonds have been traded on slightly higher yields than conventional bonds. This premium seems to decline in 2016 and 2017. Our data suggests that there is no significant difference between the developed and emerging markets and between different industry groups.Lameira, PedroJunior, AdhemarRUNSchmitt, Stephan Jakob2018-01-17T10:41:20Z2017-09-302017-09-30T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/28402TID:201753448enginfo: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:RCAAP2024-03-11T04:15:15Zoai:run.unl.pt:10362/28402Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:28:57.079491Repositório 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 A parametric approach to estimate the green bond premium
title A parametric approach to estimate the green bond premium
spellingShingle A parametric approach to estimate the green bond premium
Schmitt, Stephan Jakob
Green bonds
Green bonds premium
Sustainable investing
Government bonds
Corporate bonds
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short A parametric approach to estimate the green bond premium
title_full A parametric approach to estimate the green bond premium
title_fullStr A parametric approach to estimate the green bond premium
title_full_unstemmed A parametric approach to estimate the green bond premium
title_sort A parametric approach to estimate the green bond premium
author Schmitt, Stephan Jakob
author_facet Schmitt, Stephan Jakob
author_role author
dc.contributor.none.fl_str_mv Lameira, Pedro
Junior, Adhemar
RUN
dc.contributor.author.fl_str_mv Schmitt, Stephan Jakob
dc.subject.por.fl_str_mv Green bonds
Green bonds premium
Sustainable investing
Government bonds
Corporate bonds
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Green bonds
Green bonds premium
Sustainable investing
Government bonds
Corporate bonds
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description We analyze whether green bonds are traded on a premium versus conventional issuances of the same issuer. We estimate the difference in yield between a sample of 160 green bonds and a synthetic conventional bond with identical characteristics. The paper finds that green bonds have been traded on slightly higher yields than conventional bonds. This premium seems to decline in 2016 and 2017. Our data suggests that there is no significant difference between the developed and emerging markets and between different industry groups.
publishDate 2017
dc.date.none.fl_str_mv 2017-09-30
2017-09-30T00:00:00Z
2018-01-17T10:41:20Z
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/10362/28402
TID:201753448
url http://hdl.handle.net/10362/28402
identifier_str_mv TID:201753448
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
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str 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
repository.mail.fl_str_mv
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