Green Bonds: Doing well by doing good
(2015) NEKN01 20151Department of Economics
- Abstract
- In this essay we study green bonds in a quantitative framework, comparing volatility, initial yield and price to standard bonds. The asset class was conceived in 2008 and our sample cover 2009-2014. We use panel- and time series data, and find significant differences in all three variables. Green bonds have been significantly less volatile than standard bonds; they have paid higher initial yields, but have had a stronger price development since issue. We conclude that green bonds have been a good investment for the buyers but less so for the borrower.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/5464118
- author
- Andersson, Simon LU and Prag, Karl
- supervisor
- organization
- alternative title
- A quantitative study of green bonds.
- course
- NEKN01 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Economics, green bonds, finance, climate investment, sustainable investing
- language
- English
- id
- 5464118
- date added to LUP
- 2015-06-30 10:53:19
- date last changed
- 2015-06-30 10:53:19
@misc{5464118, abstract = {{In this essay we study green bonds in a quantitative framework, comparing volatility, initial yield and price to standard bonds. The asset class was conceived in 2008 and our sample cover 2009-2014. We use panel- and time series data, and find significant differences in all three variables. Green bonds have been significantly less volatile than standard bonds; they have paid higher initial yields, but have had a stronger price development since issue. We conclude that green bonds have been a good investment for the buyers but less so for the borrower.}}, author = {{Andersson, Simon and Prag, Karl}}, language = {{eng}}, note = {{Student Paper}}, title = {{Green Bonds: Doing well by doing good}}, year = {{2015}}, }