Green Investing and Financial Services: ESG Investing for a Sustainable World

Ishaque Laiba (2023) Green Investing and Financial Services: ESG Investing for a Sustainable World. Pénzügyi és Számviteli Kar.

	PDF Final Thesis_Green Investing.pdf Hozzáférés joga: Csak nyilvántartásba vett egyetemi IP címekről nyitható meg Download (1MB)
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	PDF Thesis_Review_2020.pdf Hozzáférés joga: Bizalmas dokumentum (bírálat) Download (275kB)
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Absztrakt (kivonat)

The thesis project will investigate financial services and green investments that have primarily emerged in the last few decades, during and after the global financial crisis of 2008–2009. It draws attention to the reasons and incentives behind creating and providing these green financial services and investments; namely (i) the growing global green finance governance architecture that supports the development of relevant innovative financial products and services offered to end-users; (ii) the growing expectations of stakeholders for financial institutions to embrace corporate sustainability and social responsibility; and (iii) the global trend of integrating environmental and sustainability elements into various innovative financial instruments for ESG performance. Financial services and investment examples from the modern era are listed in the thesis. In the field of green finance, there has been a lot of research done on the potential price differential between green and conventional bonds. This study adds to the body of knowledge already in existence and addresses the demand for current information and analysis on this novel financial instrument and its impact on investor preferences. We discover a statistically negligible green bond premium of -7.2 basis points when comparing corporate green bonds to quasi-identical conventional bonds. This leads us to the conclusion that there doesn't seem to be a price difference between bonds that differ primarily in terms of their green label. Isolating the subsamples from the most prevalent industrial groupings and major currencies yields similar results, with each demonstrating a slight but statistically insignificant green bond premium. Lastly, we examined bond pairings issued after to the onset of the Covid-19 outbreak and discovered a statistically negligible green bond discount. These findings suggest that investors are unwilling to trade financial returns for non-monetary returns.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tanszék

Pénzügy Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	financial futures, financial markets, investment, investment analysis, sustainability
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2024. Máj. 14. 08:05
Utolsó módosítás:	2024. Máj. 14. 08:05

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