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dc.contributor.authorFerreiro, Micaela
dc.contributor.authorKleppe, Robin Mork
dc.date.accessioned2024-12-04T13:37:45Z
dc.date.available2024-12-04T13:37:45Z
dc.date.issued2024
dc.identifier.urihttps://hdl.handle.net/11250/3168216
dc.descriptionMasteroppgave(MSc) in Master of Science in Sustainable Finance, Handelshøyskolen BI, 2024en_US
dc.description.abstractThis study focuses on the analysis of the Greenium in the primary market of corporate green bonds since 2018, covering the COVID-19 pandemic and the on-going war in Ukraine. By performing regression analyses based on identified green-vanilla bond pairs with high resemblance, we find an overall Greenium of 8.9 bps throughout our sample period, which intensifies during the pandemic and disappears during the war, and is reflected through the lower relative coupon rates of green bonds. Besides, subset considerations show that different domiciles and sectors can be associated with different Greenium outcomes. Our findings suggest that regulation in isolation might not be enough to foster the green transition, as investors’ beliefs regarding such can have important implications for sustainable investments.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectSustainable financeen_US
dc.titleThe effect of regulations and crises in green bond returns: a study of the Greenium since 2018en_US
dc.typeMaster thesisen_US


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