发行人
市场流动性
债券
债券信用评级
业务
市政债券
金融体系
经济
财务
信用风险
资信证明
作者
Gregor Dorfleitner,Jens Eckberg,Sebastian Utz
标识
DOI:10.1016/j.frl.2023.103869
摘要
Using a global panel dataset of 3,496 green bonds and conducting regressions, we find a positive relationship between greenness ratings from second-party opinions (SPOs) and green bond liquidity. Green bonds from corporate and municipal issuers with a greenness rating show higher liquidity than green bonds without a greenness rating. For financial institutions and other public issuers besides municipalities, we find no effect of greenness ratings on green bond liquidity.
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