Green regulation and stock price reaction to green bond issuance (notice n° 486625)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01216cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121072440.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Glavas, Dejan |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Green regulation and stock price reaction to green bond issuance |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2020.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 27 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper shows how changes in regulatory pressure impact the way equity investors react to green bond issuance announcements. We find a positive stock price reaction to green bond issuance announcements compared to that of conventional bond issuance announcements. Based on our analysis, this positive reaction increased in size and statistical significance after the Paris Agreement. Our results suggest that one determinant of this reaction is that investors expected climate-related regulations following such an agreement and, therefore, placed greater value on the “green” flag of the bond issuance. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | sustainable finance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | green bonds |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | event study |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | ecological regulation |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Finance | 41 | 1 | 2020-02-24 | p. 7-51 | 0752-6180 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-finance-2020-1-page-7?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-finance-2020-1-page-7?lang=en&redirect-ssocas=7080</a> |
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