Please use this identifier to cite or link to this item: http://repository.kln.ac.lk/handle/123456789/25236
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dc.contributor.authorNanayakkara, Madurika-
dc.contributor.authorColombage, Sisira-
dc.date.accessioned2022-09-08T06:23:51Z-
dc.date.available2022-09-08T06:23:51Z-
dc.date.issued2022-
dc.identifier.citationNanayakkara, Madurika and Colombage, Sisira(2022),Does compliance to Green Bond Principles matter? Global Evidence,AABFJ | Vol. 16, No.3en_US
dc.identifier.urihttp://repository.kln.ac.lk/handle/123456789/25236-
dc.description.abstractWe 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.publisherAABFJen_US
dc.subjectBond Market; Bid-ask spread; Green Bonds; Green Bond Principles; Compliance; Investor demand; Sustainabilityen_US
dc.titleDoes compliance to Green Bond Principles matter? Global Evidenceen_US
Appears in Collections:Commerce and Financial Management

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