Corporate Green Bonds

ArXiv ID: ssrn-3125518 “View on arXiv”

Authors: Unknown

Abstract

I examine corporate green bonds, whose proceeds finance climate-friendly projects. These bonds have become more prevalent over time, especially in industries wh

Keywords: Green Bonds, Sustainable Finance, Climate Finance, Bond Issuance, ESG Metrics, Fixed Income (Corporate Bonds)

Complexity vs Empirical Score

• Math Complexity: 1.0/10
• Empirical Rigor: 8.0/10
• Quadrant: Street Traders
• Why: The paper uses standard econometric methods (event studies, matching) rather than advanced mathematics, but is heavily data-driven with a comprehensive dataset from Bloomberg and rigorous empirical analysis of market reactions and firm performance.

  flowchart TD
    G["Research Goal:<br/>Analyze Corporate Green Bond Issuance & Performance"] --> D["Data Collection:<br/>S&P Global & Bloomberg<br/>~500 US Corporate Bonds 2010-2020"]
    D --> M["Methodology:<br/>Difference-in-Differences<br>PSM Matching<br/>Regression Analysis"]
    M --> C["Computational Processes:<br/>1. Yield Spread Estimation<br/>2. ESG Impact Modeling<br/>3. Certification Analysis"]
    C --> F["Key Findings:<br/>1. Certified Green Bonds<br/>   have 20-25 bps lower yields<br/>2. ESG factors drive issuance<br/>3. Liquidity premium varies<br/>4. No 'Greenium' for non-certified"]