Green Bonds: Greenwashing or Genuinely Green? A Study Based on Stock Mispricing DOI
Pengfei Ge,

C.S. Tang,

Yuhui Chen

et al.

Managerial and Decision Economics, Journal Year: 2025, Volume and Issue: unknown

Published: April 7, 2025

ABSTRACT The proposal of carbon neutrality has led to a significant growth in green bonds (GBs), sparking turn widespread attention on whether these are issued for genuinely objectives or greenwashing intentions. extant research not fully explored the issue concerning GBs, particularly due controversies methods identifying such practices. Following outbreak COVID‐19, global markets have seen slowdown issuance whereas China experienced surge its GB market, emerging as world's foremost issuer GBs. In light this economic reality and address gap, study draws Chinese GBs objects examines first time through lens stock mispricing (SM). results reveal that by companies significantly exacerbates SM, indicating presence Notably, is more pronounced when firms political connections with government experience low financial risks. These findings only enrich studies but also offer valuable insights investors regulators.

Language: Английский

From Greenwashing to Genuine Action: Impact of a CEO's Green Experience DOI

Xian Ming Lin,

Wenzhong Shen, Song Li

et al.

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 107345 - 107345

Published: April 1, 2025

Language: Английский

Citations

0
Green Bonds: Greenwashing or Genuinely Green? A Study Based on Stock Mispricing DOI
Pengfei Ge,

C.S. Tang,

Yuhui Chen

et al.

Managerial and Decision Economics, Journal Year: 2025, Volume and Issue: unknown

Published: April 7, 2025

ABSTRACT The proposal of carbon neutrality has led to a significant growth in green bonds (GBs), sparking turn widespread attention on whether these are issued for genuinely objectives or greenwashing intentions. extant research not fully explored the issue concerning GBs, particularly due controversies methods identifying such practices. Following outbreak COVID‐19, global markets have seen slowdown issuance whereas China experienced surge its GB market, emerging as world's foremost issuer GBs. In light this economic reality and address gap, study draws Chinese GBs objects examines first time through lens stock mispricing (SM). results reveal that by companies significantly exacerbates SM, indicating presence Notably, is more pronounced when firms political connections with government experience low financial risks. These findings only enrich studies but also offer valuable insights investors regulators.

Language: Английский

Citations

0