Ruixin Fan
Do green bonds affect stock returns and corporate environmental performance? Evidence from China
Fan, Ruixin; Xiong, Xiong; Li, Youwei; Gao, Ya
Abstract
We reveal the positive short-term stock market reaction to the announcement of green bond issuance, which does not exist for factual green bonds. For long-term performance, green bond issuance promotes corporate environmental information disclosure and attracts green investors.
Citation
Fan, R., Xiong, X., Li, Y., & Gao, Y. (2023). Do green bonds affect stock returns and corporate environmental performance? Evidence from China. Economics letters, 232, Article 111322. https://doi.org/10.1016/j.econlet.2023.111322
Journal Article Type | Article |
---|---|
Acceptance Date | Aug 25, 2023 |
Online Publication Date | Aug 30, 2023 |
Publication Date | Nov 1, 2023 |
Deposit Date | Aug 31, 2023 |
Publicly Available Date | Mar 1, 2025 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 232 |
Article Number | 111322 |
DOI | https://doi.org/10.1016/j.econlet.2023.111322 |
Keywords | Green bond issuance; Factual green bonds; Market reaction; Environmental information disclosure; Green investors |
Public URL | https://hull-repository.worktribe.com/output/4372211 |
Files
This file is under embargo until Mar 1, 2025 due to copyright reasons.
Contact Youwei.Li@hull.ac.uk to request a copy for personal use.
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