Sökning: "information-compensation hypothesis"

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  1. 1. The Pricing of Green Bonds at Issuance : Is There Underpricing or a "Greenium"?

    Magister-uppsats, Jönköping University/IHH, Företagsekonomi

    Författare :Kristin Löffler; [2022]
    Nyckelord :green bonds; greenium; underpricing; signaling hypothesis; price pressure hypothesis; information-compensation hypothesis;

    Sammanfattning : This paper examines if green bonds incur underpricing or overpricing, that is, have a "greenium", at issuance. Using a global sample of 830 liquid green bonds priced between March 20, 2012 and March 24, 2022, this study estimates an empirical model of the initial returns through ordinary least squares and quantile regressions. LÄS MER