由于绿色债券在固定收益领域的新颖性，很少有人对债券投资绿色项目对投资者收益率的影响进行实证研究。本书的目的是确定绿色债券发行时的收益率是否有折扣或溢价。分析主要基于实证研究。作者使用多元回归分析考察了八个选定指标对债券发行收益率的影响。分析样本包括601个债券的数据集。
Quantitative Comparison of the Issue Yield of Green Bonds and Conventional Bonds
Due to the novelty of green bonds in the fixed income area, little empirical research has been done on the question which impact the fact that a bond is investing in green projects has on the yield that investors receive. The aim of this book is to determine if there is a discount or premium on the yield at issuance of green bonds. The analysis is mainly based on an empirical study. The author examined the influence of eight selected indicators on the issue yield of bonds using a multivariate regression analysis. The analyzed sample comprised data sets of 601 bonds.
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