Essays about: "BPS"

Showing result 1 - 5 of 30 essays containing the word BPS.

1. 1. Does it pay to be transparent? - An empirical study on the relationship between yield and transparency for EU corporate green bonds

   University essay from Göteborgs universitet/Graduate School

   Author : Nestor Stenson; Unurjargal Chuluunjav; [2023-07-03]
   Keywords : corporate green bonds; yield; transparency; information asymmetry; CBI aligned; CBI certified; self-labeled;

   Abstract : This thesis uses OLS methodology to investigate the relationship between yields and transparency on green bonds. Transparency is divided into three categories: Self-labeled green bonds following the voluntary GBP framework, CBI aligned green bonds following CBI taxonomy with external verification and CBI certified green bonds following the CBI framework with mandatory external verification by the independent body Climate Bonds Standards Board. READ MORE

3. 2. The Green Premium : a study of the pricing of green bonds on the Swedish bond market

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Kevin Molnár; Ahmad Zaryab; [2023]
   Keywords : green premium; bond pricing; green bonds; credit ratings; green certification; Sweden; secondary market;

   Abstract : Issuing environmentally aligned green bonds has become an increasingly popular way to raise capital for green investments during the last decade. This thesis explores potential pricing differences between green and conventional bonds, known as the green premium, on the Swedish secondary bond market. READ MORE

4. 3. At the Sustainable Finance Frontier - Sustainability-Linked Bonds: Targets, Sustainability Profiles and Yield Spreads

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Mikko Ala-Porkkunen; Rasmus Roth; [2023]
   Keywords : Sustainability-Linked Bonds; Yield Spreads; Sustainability Performance Target; Corporate Social Responsibility; Efficient Market Hypothesis; Business and Economics;

   Abstract : Purpose: To investigate whether the ambitiousness of sustainability performance target and/or issuer sustainability profile have an influence on Sustainability-Linked Bond (SLB) yield spreads. Methodology: The utilized econometric approach is OLS regressions on a cross-sectional data. READ MORE

5. 4. The Pricing of Green Bonds at Issuance : Is There Underpricing or a "Greenium"?

   University essay from Jönköping University/IHH, Företagsekonomi

   Author : Kristin Löffler; [2022]
   Keywords : green bonds; greenium; underpricing; signaling hypothesis; price pressure hypothesis; information-compensation hypothesis;

   Abstract : This paper examines if green bonds incur underpricing or overpricing, that is, have a "greenium", at issuance. Using a global sample of 830 liquid green bonds priced between March 20, 2012 and March 24, 2022, this study estimates an empirical model of the initial returns through ordinary least squares and quantile regressions. READ MORE

6. 5. Sustainability-Linked Bonds: An investigation of premiums associated with sustainability-linked bonds

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Amanda Ramirez; Emil Damirov; Linda Ruiyi Huang; [2022]
   Keywords : Sustainability-linked bonds; Green bonds; Sustainability bonds; Sustainability premium; ESG; Business and Economics;

   Abstract : Sustainable finance has become of great importance over the past years, especially due to global climate development, resulting in increased awareness among public and private sectors, and hence, more conscientious investors. In a market familiar with green bonds, Sustainability-Linked Bonds (SLBs) emerged as a new financial instrument posing a lesser greenwashing risk and, therefore, greater potential to make a material impact. READ MORE