Publicação
Greenium in the secondary market for corporate bonds
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Prado, Melissa | |
| dc.contributor.advisor | Seiz, Ralf | |
| dc.contributor.author | Novo, Raquel Maria Silva | |
| dc.date.accessioned | 2024-06-07T13:56:40Z | |
| dc.date.available | 2024-06-07T13:56:40Z | |
| dc.date.issued | 2023-05-30 | |
| dc.date.submitted | 2023-05-30 | |
| dc.description.abstract | Green bonds are seen as a key financial instrument for unlocking the transition to a low-carbon economy (Paris Agreement). To study the potential green premium of this financial instrument, I resort to two methodologies: a parametric approach, fixed effects, and a non-parametric, propensity score matching. The results corroborate the finding of a negative yield spread between green and non-green (greenium) euro-denominated investment-grade corporate bonds in the secondary market. The magnitude varies, on average, between 10 and 30 basis points, depending on the estimation method. In the financial sector, the greenium is even higher, reaching up to 40 basis points. | pt_PT |
| dc.identifier.tid | 203365542 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/168361 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Green bonds | pt_PT |
| dc.subject | Greenium | pt_PT |
| dc.subject | Fixed effects | pt_PT |
| dc.subject | Propensity sore matching | pt_PT |
| dc.subject | Yield spread | pt_PT |
| dc.subject | Euro-denominated | pt_PT |
| dc.subject | Corporate investment-grade bonds | pt_PT |
| dc.subject | Secondary market | pt_PT |
| dc.title | Greenium in the secondary market for corporate bonds | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economic | pt_PT |