Journal of risk and financial management, Год журнала: 2025, Номер 18(4), С. 210 - 210

Опубликована: Апрель 13, 2025

This study investigates the relationship between bond-specific factors, macroeconomic variables, and green bond (GB) yields issued in Indonesian market. The sample includes 468 GBs by 30 issuers from both corporate government entities 2018 to 2023. research method uses panel regression techniques with random effects models test hypotheses on two estimation model specifications. results reveal that interest, inflation, exchange rates are significantly positively related GB yields. Bond-specific factors have different impacts, where coupons maturity a positive yields, while an adverse effect. Bond rating issuance size as specific shown no impact In moderating role of rating, study’s show still directly positively, influence is negative. interaction impacts yield. Different findings suggest interactions weaken ratings this contribute financial literature determinants market moderator. also provides new insights into Indonesia’s market, which developing countries. can help companies, investors, regulators, researchers better understand

Язык: Английский