Registry › XF-2YXZ32T-Z
XF-2YXZ32T-Z
Research / Academic Paper ACTIVE

The price of going green: The role of greenness in green bond markets

Abstract Only — The full paper PDF is not available in the registry. This XFID was minted from the paper's title, authors, and year. Where available, an abstract is provided below; the link to the publisher's record is canonical.

Abstract

Abstract In this paper, we empirically investigate how greenness information is priced in the green bond market. Our comparison of liquidity‐adjusted yield premiums of green bonds versus synthetic conventional bonds indicates that, on average, there is no robust and significant yield premium or discount on green bonds. However, green bonds certified by an external reviewer enjoy a discount of about 6 bps. Furthermore, green bonds that obtain a Climate Bonds Initiative certificate show a discount of around 15 bps. The findings suggest that a universally accepted greenness measure can benefit the development of the green bond market.

Source: resolved

Document Metadata

Issuer
Wiley
Document Type
Research / Academic Paper
Publication Year
2020
Retrieved
5 May 2026
Source
Contact XFID for Access
Record ID
XF2YXZ32TZ
Validation
Inferred by XFID

Topics

Green BondsGreenium

Cited by (1)

Other RESEARCH documents in the registry that cite this work.

How to Cite This Record

Use the XFID in citations to create a stable, permanent reference that resolves to this registry entry regardless of the source URL.

Academic / report citation
Wiley (2020). The price of going green: The role of greenness in green bond markets. XFID: XF-2YXZ32T-Z. Retrieved from https://xframework.id/XF2YXZ32TZ
Identifier only
XF-2YXZ32T-Z