A Green Sensibility? Examining the Issuance of Green Bonds in the Nordic Region.
(2020) NEKN01 20201Department of Economics
- Abstract
- Green Bonds are debt instruments issued by companies whose proceeds are used to finance projects that promote sustainability. Consequently, they act as measures of a company’s contribution towards the environment. However, they are often criticised as virtue-signalling. This paper explores the issuance of green bonds on two levels: the corporate level and the role of the region, here the Nordic Region, in promoting sustainability. Using the least square methods, I find that while company scores may increase, it is the previous year’s score that has a larger impact than green bond issuance. I also find evidence that the environmental component of a region minutely affects the outcomes on the score of a company.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9028083
- author
- Damaraju, Meera LU
- supervisor
- organization
- course
- NEKN01 20201
- year
- 2020
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Green bonds, sustainability, empirical finance, finance
- language
- English
- id
- 9028083
- date added to LUP
- 2020-12-07 10:49:17
- date last changed
- 2020-12-07 10:49:17
@misc{9028083, abstract = {{Green Bonds are debt instruments issued by companies whose proceeds are used to finance projects that promote sustainability. Consequently, they act as measures of a company’s contribution towards the environment. However, they are often criticised as virtue-signalling. This paper explores the issuance of green bonds on two levels: the corporate level and the role of the region, here the Nordic Region, in promoting sustainability. Using the least square methods, I find that while company scores may increase, it is the previous year’s score that has a larger impact than green bond issuance. I also find evidence that the environmental component of a region minutely affects the outcomes on the score of a company.}}, author = {{Damaraju, Meera}}, language = {{eng}}, note = {{Student Paper}}, title = {{A Green Sensibility? Examining the Issuance of Green Bonds in the Nordic Region.}}, year = {{2020}}, }