Essays about: "greenium"

Showing result 1 - 5 of 8 essays containing the word greenium.

  1. 1. Are European Green Bond Yields Lower Than the Yields of Their Conventional Counterparts?

    University essay from Göteborgs universitet/Graduate School

    Author : Caroline Lundberg; Olle Enelund; [2023-06-29]
    Keywords : Green bonds; Greenium; Sustainable investment; Principal Component Analysis PCA ; Nelson-Siegel NS ;

    Abstract : In this paper, we contribute to the growing literature on sustainable finance by investigating whether European green bonds provide a lower issue yield compared to their conventional counterparts, i.e. if there exists a greenium in the primary market. READ MORE

  3. 2. Sustainability-Linked Bonds - A Case Study of H&M

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Waldemar Andersson; Larysa Karsayeva; [2023]
    Keywords : Sustainability-linked bond; fast fashion; green financing; transition;

    Abstract : The thesis investigates the sustainability-linked bond issuance by fast fashion company H&M in the midst of the Covid-19 pandemic. The study contributes to existing literature by providing observations of real-world practitioners on the cost-benefit considerations of SLB issuance, in particular, challenging the notion of a "free lunch", conversely concluding that the greatest concern is attributed to potential reputational damage in the event of missed targets. READ MORE

  4. 3. The future is green : How the greenium of corporate bonds evolve over time and what factors impact yield

    University essay from Jönköping University

    Author : Daniel Witermark; Adam Neem Laahanen; [2023]
    Keywords : Green bond; greenium; OLS regression; Sustainable finance;

    Abstract : Background: The impact of climate change on people's health and lives is a growing concern, with viruses, malnutrition, and heat stress potentially causing up to 250,000 deaths per year between 2030-2050. To address this issue, organizations and institutions are taking action to create a more sustainable world. READ MORE

  5. 4. Equity Greenium in the Nordic Markets

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Hui Li; Yanxu Chen; [2023]
    Keywords : Sustainable investing; ESG; Climate change; Equity premium;

    Abstract : This study investigates the performance of green and brown stocks in the Nordic market, examining whether high realised returns correspond to high expected returns. Using a brown-minus-green portfolio from Nordic stock data, the findings reveal that brown stocks outperformed green stocks during the sample period from 2012 to 2022, with a cumulative return difference of 18. READ MORE

  6. 5. 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