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Are green bonds relevant to retail investors? Evidence from Robinhood
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Orientador(es)
Resumo(s)
Do retail investors care about green bonds? I show that
retail investors care no more and no less about green bonds than
they do about conventional bonds. On a single event level, there is
evidence of mixed reaction towards the issuance announcement.
Furthermore, the market reacts negatively to green bond announcements so that retail investors make losses by holding the
underlying stocks.
Descrição
Palavras-chave
Robinhood Retail investors Sustainable finance Green bonds Bond issuance