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A Green Sensibility? Examining the Issuance of Green Bonds in the Nordic Region.

Damaraju, Meera LU (2020) NEKN01 20201
Department 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:
author
Damaraju, Meera LU
supervisor
organization
course
NEKN01 20201
year
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}},
}