This paper provides a thorough review of the liquidity measures that are used in the
empirical literature to measure liquidity. A wide range of papers have emphasized its role …

If we examine the characteristics of a sample of green bonds matched with their closest
brown bond neighbors, we encounter a challenge. Green bonds have higher yields, lower …

We use green bonds as an instrument to identify the effect of non-pecuniary motives,
specifically pro-environmental preferences, on bond market prices. We perform a matching …

Recently, there has been a fast-growing literature on the determinants of corporate bond
returns, in particular, the driving force of cross-sectional return variation. In this review, we …

In recent years, the need to create new financial tools to mobilize private capital and
generate suitable resources to face both social and environmental challenges led to the …

Financing shipping related investment projects has always been a focal area of debate and
research within the international maritime industry since access to funding can determine …

In this paper, we examine the yield premium of green bonds. We use a matching method,
followed by a two-step regression procedure, to estimate the yield differential between a …

In the green bond market, bond issuers can obtain various types of external reviews to
validate their green claims. This paper examines the impact of external reviews in the form of …

We analyze green and conventional bonds during regular market periods and within times
of extreme volatility, the COVID-19 pandemic. We find a negative premium (greenium) of 1.6 …

We examine the role of macroeconomic uncertainty in the cross section of corporate bonds
and find a significant uncertainty premium for both investment-grade (IG)(0.40% per month) …