Janković, Irena and Vasić, Vladimir and Kovačević, Vlado (2022) Does transparency matter? Evidence from panel analysis of the EU government green bonds. Energy Economics, 114 (4). ISSN 0140-9883
Full text not available from this repository. (Request a copy)Abstract
The aim of this research is to amend traditional theories on bond pricing with additional determinants specific to green bonds. We introduce a new term, ‘green bond transparency’, and apply panel data analysis to EU government green bonds. Bonds that aim to finance a specific project are considered transparent, while they are classified as non-transparent if the proceeds are used to finance a range of projects or their use is to be determined later. We empirically confirm the significant effect of transparency on green bond yields. The practical implication of the findings is the creation of a foundation for issuing green bonds under more favorable financing conditions.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | green bonds, yield determinants, transparency |
| Depositing User: | Unnamed user with email srdjan.jurlina@ien.bg.ac.rs |
| Date Deposited: | 07 Nov 2023 10:51 |
| Last Modified: | 25 Nov 2023 17:10 |
| URI: | http://repository.iep.bg.ac.rs/id/eprint/700 |
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