The Green Bonds Premium Puzzle: The Role of Issuer Characteristics and Third-Party Verification

By M. Bachelet, Leonardo Becchetti, Stefano Manfredonia. Sustainability, 2019

333 citations recorded by the source corpus.

An implication of our findings is that the issuer’s reputation or green third-party verifications are essential to reduce informational asymmetries, avoid suspicion of green (bond)-washing, and produce relatively more convenient financing conditions.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/956d6168c76c4058ef7f1b81885819eb947cad3c

How researchers see this paper

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In Economics and Econometrics

1. Farhad Taghizadeh‐Hesary
2. Naoyuki Yoshino
3. Han Phoumin

In Finance

1. Farhad Taghizadeh‐Hesary
2. Naoyuki Yoshino
3. Han Phoumin

Citations in the corpus

• Analyzing the Characteristics of Green Bond Markets to Facilitate Green Finance in the Post-COVID-19 World (2021, methodology): “For instance, the coupon rate was also found to be a significant variable in [22,24].”
• Why do institutional investors buy green bonds: Evidence from a survey of European asset managers (2021, neutral): “For instance, both Bachelet et al. (2019) and Febi (2018) find that, contrary to initial expectations, green bonds are more liquid than their plain vanilla counterparts, while results by Febi et al.”