4.7 Article

Driving factors behind the development of China's green bond market

相关参考文献

注意:仅列出部分参考文献,下载原文获取全部文献信息。
Article Construction & Building Technology

Understanding the impact of environmental regulations on green technology innovation efficiency in the construction industry

Jingxiao Zhang et al.

Summary: This study finds a significant disconnection between R&D and commercial application stages in the construction industry, where a large amount of R&D investment does not yield expected results. Different types of environmental regulations have varying impacts on green technology innovation efficiency, but their intended outcomes can only be achieved through a suitable combination.

SUSTAINABLE CITIES AND SOCIETY (2021)

Article Business, Finance

Corporate green bonds

Caroline Flammer

Summary: The study found that investors respond positively to the issuance of corporate green bonds, especially for first-time issuers and bonds certified by third parties. Post-issuance, issuers improve their environmental performance and attract long-term and green investors. This supports the argument that companies can signal their commitment to the environment by issuing green bonds.

JOURNAL OF FINANCIAL ECONOMICS (2021)

Article Business, Finance

Power purchase agreements with incremental tariffs in local currency: An innovative green finance tool

Farhad Taghizadeh-Hesary et al.

Summary: This study introduces an adjusted PPA model in the local currency framework, suggesting that using tax revenue from the spillover effect of green electricity supply can be a suitable source of financing for PPAs. Developing countries can adopt this model to encourage private investment in green projects by reducing exchange rate risks and increasing returns on investment.

GLOBAL FINANCE JOURNAL (2021)

Article Economics

Public spending and green economic growth in BRI region: Mediating role of green finance

Dongyang Zhang et al.

Summary: The study found that public spending on education, research, and development (R&D) has fluctuating impacts on green economic growth and energy efficiency in Belt and Road Initiative (BRI) member countries, mainly due to non-serious nature of government policies. The research also revealed that investment in human resources and green energy technologies can lead to a sustainable green economy through labor and technology-oriented production activities.

ENERGY POLICY (2021)

Article Green & Sustainable Science & Technology

Analyzing the Characteristics of Green Bond Markets to Facilitate Green Finance in the Post-COVID-19 World

Farhad Taghizadeh-Hesary et al.

Summary: The COVID-19 pandemic and global recessions have reduced investments in green projects worldwide, jeopardizing climate-related goals. To address this, the post-COVID-19 world needs to embrace a green financial system through new financial instruments like green bonds. Although these bonds are effective in combating climate change, they also come with high risks, low returns, and significant heterogeneity. In Asia, the green bonds market is dominated by the banking sector, showcasing higher returns but also higher risks and variability. Recommendations for policymakers include increasing the return rate of banking sector bonds through tax spillover and encouraging diversification of issuers with more involvement from the public sector and de-risking policies.

SUSTAINABILITY (2021)

Article Economics

Drivers of green bond issuance and new evidence on the greenium

Kristin Ulrike Loffler et al.

Summary: By comparing green bonds and conventional bonds, this study finds that green bonds have larger issue sizes and lower rated issuers, and the yield for green bonds is, on average, 15-20 basis points lower than that of conventional bonds, both on primary and secondary markets, indicating the presence of a greenium.

EURASIAN ECONOMIC REVIEW (2021)

Article Economics

Green bonds as an instrument to finance low carbon transition

Eftichios S. Sartzetakis

Summary: This paper examines the role of green bonds in financing the transition to a low carbon economy, emphasizing the importance of central banks' response to climate change challenges. It discusses why green bonds should be used as a preferred tool for financing the low carbon transition, based on both theoretical arguments and practical needs, and summarizes the main characteristics of green bonds. The paper also outlines the main developments in the green bonds market over the past decade, concluding with existing challenges and ways to overcome them for further market development.

ECONOMIC CHANGE AND RESTRUCTURING (2021)

Article Mathematics

Global Research Trends in Financial Transactions

Emilio Abad-Segura et al.

MATHEMATICS (2020)

Article Business, Finance

Do shareholders benefit from green bonds?

Dragon Yongjun Tang et al.

JOURNAL OF CORPORATE FINANCE (2020)

Article Business, Finance

The market reaction to green bond issuance: Evidence from China

Jiazhen Wang et al.

PACIFIC-BASIN FINANCE JOURNAL (2020)

Article Green & Sustainable Science & Technology

The green advantage: Exploring the convenience of issuing green bonds

Gianfranco Gianfrate et al.

JOURNAL OF CLEANER PRODUCTION (2019)

Article Business, Finance

The green bond market: a potential source of climate finance for developing countries

Josue Banga

JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT (2019)

Article Business, Finance

The effect of pro-environmental preferences on bond prices: Evidence from green bonds

Olivier David Zerbib

JOURNAL OF BANKING & FINANCE (2019)

Article Business

Sustainable financing practices through green bonds: What affects the funding size?

Suborna Barua et al.

BUSINESS STRATEGY AND THE ENVIRONMENT (2019)

Article Business, Finance

The way to induce private participation in green finance and investment

Farhad Taghizadeh-Hesary et al.

FINANCE RESEARCH LETTERS (2019)

Article Business, Finance

The impact of liquidity risk on the yield spread of green bonds

Wulandari Febi et al.

FINANCE RESEARCH LETTERS (2018)

Article Business, Finance

Are green bonds priced differently from conventional bonds?

Britta Hachenberg et al.

JOURNAL OF ASSET MANAGEMENT (2018)

Article Green & Sustainable Science & Technology

Determinants of foreign direct investment in wind energy in developing countries

Alexander Ryota Keeley et al.

JOURNAL OF CLEANER PRODUCTION (2017)

Proceedings Paper Green & Sustainable Science & Technology

The role of green finance in environmental protection: Two aspects of market mechanism and policies

Yao Wang et al.

CLEAN ENERGY FOR CLEAN CITY: CUE 2016 - APPLIED ENERGY SYMPOSIUM AND FORUM: LOW-CARBON CITIES AND URBAN ENERGY SYSTEMS (2016)

Article Environmental Sciences

Industrial and urban symbiosis in Japan: Analysis of the Eco-Town program 1997-2006

Rene Van Berkel et al.

JOURNAL OF ENVIRONMENTAL MANAGEMENT (2009)

Article Business, Finance

What determines corporate transparency?

RM Bushman et al.

JOURNAL OF ACCOUNTING RESEARCH (2004)

Article Business, Finance

Financial development, property rights, and growth

S Claessens et al.

JOURNAL OF FINANCE (2003)

Article Green & Sustainable Science & Technology

Promotion of cleaner production investments: international experience

JK Staniskis et al.

JOURNAL OF CLEANER PRODUCTION (2003)