Publicação
Regional variation in the green bond premium and the influence of external verification on yield spreads
| authorProfile.email | halvor.cappelen.wik@gmail.com | |
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Prado, Melissa | |
| dc.contributor.author | Wik, Halvor Cappelen | |
| dc.date.accessioned | 2026-05-18T09:54:06Z | |
| dc.date.available | 2026-05-18T09:54:06Z | |
| dc.date.issued | 2026-01-26 | |
| dc.date.submitted | 2026-01-26 | |
| dc.description.abstract | This thesis examines regional variation in the green bond premium and the influence of external verification on yield spreads. Using global corporate bond data from 2015–2025, we find that the greenium does not differ systematically between regions once currency, timing, and industry effects are controlled for. By contrast, external verification through second-party opinions lowers yield spreads by 8–10 bps. This effect is stronger in markets characterized by lower transparency and weaker disclosure frameworks. Overall, the results suggest that while the green label lowers yields, external verification amplifies this effect, and its value is highest in less transparent markets. | eng |
| dc.identifier.tid | 204240832 | |
| dc.identifier.uri | http://hdl.handle.net/10362/203162 | |
| dc.language.iso | eng | |
| dc.relation | UID/00124/2025 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Green bonds | |
| dc.subject | Greenium | |
| dc.subject | Second-party opinion | |
| dc.subject | Sustainable finance | |
| dc.title | Regional variation in the green bond premium and the influence of external verification on yield spreads | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from Nova School of Business and Economics |