Prado, MelissaSeiz, RalfNovo, Raquel Maria Silva2024-06-072024-06-072023-05-302023-05-30http://hdl.handle.net/10362/168361Green 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.engGreen bondsGreeniumFixed effectsPropensity sore matchingYield spreadEuro-denominatedCorporate investment-grade bondsSecondary marketmaster thesis203365542