IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-030-65133-6_4.html
   My bibliography  Save this book chapter

Green Bonds Capital Returns: The Impact of Market and Macroeconomic Variables

In: Contemporary Issues in Sustainable Finance

Author

Listed:
  • Alessandra Ortolano

    (D’Annunzio University of Chieti-Pescara)

  • Eliana Angelini

    (D’Annunzio University of Chieti-Pescara)

Abstract

This chapter is an investigation on the determinants of Green Bonds capital returns, with a focus on market and macroeconomic variables. These instruments are showing an exponential growth, as tested by Initiative Climate Bonds. In our study we observe Borsa Italiana market over the period 2016–2019, adopting Arellano–Bond dynamic panel regressions. Our results state peculiarities, like the negative autocorrelation or the lacking influence of stock market. We highlight that in times of unusual turbulence, green bonds are exposed to market volatility like conventional ones. Definitively, since recent research has shown the deep impact of market and macroeconomic variables on the latter, our aim is investigating if the same trend deals with Green Bonds or if there are some specificities.

Suggested Citation

  • Alessandra Ortolano & Eliana Angelini, 2021. "Green Bonds Capital Returns: The Impact of Market and Macroeconomic Variables," Palgrave Studies in Impact Finance, in: Mario La Torre & Helen Chiappini (ed.), Contemporary Issues in Sustainable Finance, edition 1, chapter 0, pages 91-116, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-65133-6_4
    DOI: 10.1007/978-3-030-65133-6_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-030-65133-6_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.