Corporate green bonds

By Caroline Flammer. Journal of Financial Economics, 2019

1,951 citations recorded by the source corpus.

This study examines corporate green bonds, a new financial innovation in the corporate landscape. I document that the issuance of corporate green bonds has become more prevalent over time, particul...

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/6613b82bea6e165f79ea779ff199f8a427d6b442

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Citations in the corpus

Financing environmentally-sustainable projects with green bonds (2019, background): “Overall, empirical analyses (Ehlers andPacker, 2017; Zerbib, 2017; Clapp, 2018; Flammer, 2018; Karpf and Mandel, 2018; Reboredo, 2018) have often found evidence of a ‘greenium’, that is, a discount that makes green bonds funded cheaper than other bonds from the same issuer.”
Green Bonds: Effectiveness and Implications for Public Policy (2019, methodology): “In a recent study, Fabrizio, Flammer, Toffel, and Viswanathan (2019) highlight that investors are indeed effective in eliciting greater corporate transparency with respect to firms’ climate risk exposure, thereby contributing to their portfolio companies’ governance.”
Corporate Social Responsibility and Market Efficiency: Evidence from ESG and Misvaluation Measures (2020, methodology): “The ASSET4 data on ESG are well-established in the literature (Flammer, 2020; Hawn and Ioannou, 2016; Cheng et al., 2013; Ioannou and Serafeim, 2012).”
Corporate Social Responsibility and Sustainable Finance (2020, positive): “Yet, a lot of studies still use cross-country and cross-state variations in regulation to identify the difference in firm-level CSR (e.g., Deng, Kang, Low, 2013; Di Giuli and Kostovetsky, 2014; Liang and Renneboog, 2017a; Flammer, 2019).”
The value of a firm’s engagement in ESG practices: Are we looking at the right side? (2021, methodology): “Following prior research (Cheng et al., 2014; Flammer, 2021; Kim et al., 2021), a firm’s ESG performance is approximated by the ESG metrics from Refinitiv Eikon.”
Does CSR matter in times of crisis? Evidence from the COVID-19 pandemic (2021, neutral): “2 Some studies document positive valuation effects of CSR (e.g., Deng et al., 2013; Flammer, 2015, 2020; Ferrell et al., 2016; Cao et al., 2019; Dai et al., 2020; Gao et al., 2020); others suggest that CSR is unrelated to firm value, or can even reduce value due to agency costs (e.g., Bénabou and…”