Does compliance to Green Bond Principles matter? Global Evidence

Nanayakkara, Madurika; Colombage, Sisira

dc.contributor.author	Nanayakkara, Madurika
dc.contributor.author	Colombage, Sisira
dc.date.accessioned	2022-09-08T06:23:51Z
dc.date.available	2022-09-08T06:23:51Z
dc.date.issued	2022
dc.identifier.citation	Nanayakkara, Madurika and Colombage, Sisira(2022),Does compliance to Green Bond Principles matter? Global Evidence,AABFJ \| Vol. 16, No.3	en_US
dc.identifier.uri	http://repository.kln.ac.lk/handle/123456789/25236
dc.description.abstract	We examine the effect of degree of compliance with the Green Bond Principles (GBP) on investor demand for such bonds, using cross-sectional data for all countries in the Green Bond market over the period 2007-2019. We find a significantly positive effect of higher compliance with the GBPs on investor demand, as measured by Bid-Ask-Spread and Yield-spread, after controlling for common bond-specific and macroeconomic variables. However, our results showed no evidence that macroeconomic factors influenced Green Bond investments. Moreover, we also find a positive effect on investor demand when a bond is issued by a government agency, even if the degree of compliance is low.	en_US
dc.publisher	AABFJ	en_US
dc.subject	Bond Market; Bid-ask spread; Green Bonds; Green Bond Principles; Compliance; Investor demand; Sustainability	en_US
dc.title	Does compliance to Green Bond Principles matter? Global Evidence	en_US