dc.contributor.author | Østerud, Endre | |
dc.contributor.author | Rasmussen, Anders Sandbraaten | |
dc.date.accessioned | 2019-10-14T08:45:34Z | |
dc.date.available | 2019-10-14T08:45:34Z | |
dc.date.issued | 2019 | |
dc.identifier.uri | http://hdl.handle.net/11250/2621881 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2019 | nb_NO |
dc.description.abstract | We compare the yields of green bonds to those of their constructed conventional
twins while controlling for liquidity to address the green bond premium,
defined as the yield differential between a green bond and a conventional twin.
In the period from January 2017 to April 2019, we find that green bonds on
average trade with a negative premium of -1.74 bps. Further, we find that the
use of proceeds labelled energy have a differentiating effect on the premium,
and indications of a premium that converges to zero over time. Implications of
our findings are that there still is a green bond premium present, but, whether
it will persist over time as the market segment matures remains to be a an
unanswered question. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.title | The Green Bond Premium: An Extension with Use of Proceeds | nb_NO |
dc.type | Master thesis | nb_NO |