DOAJ Open Access 2023

Governance effectiveness and green bonds. An empirical evaluation

Hanna Kociemska Sylwia Frydrych Ewelina Szczech-Pietkiewicz Mariusz Radło Rafał Kasprzak +4 lainnya

Abstrak

The study aims to assess the relationship between governance effectiveness, measured by the Worldwide Governance Indicators, and the use of green bonds worldwide. We apply panel data models with random effects and a robust linear regression model that allows us to identify the impact of the family of variables on green bonds. We found a statistically significant correlation between the quality of a government, measured as government effectiveness, and the value of green bond issuances. Thus, it is advised under New Public Governance to increase the effectiveness of their functioning, which may contribute to greater investor interest in environmental projects.

Penulis (9)

H

Hanna Kociemska

S

Sylwia Frydrych

E

Ewelina Szczech-Pietkiewicz

M

Mariusz Radło

R

Rafał Kasprzak

P

Paweł Rokita

R

Radosław Pietrzyk

K

Krzysztof Biegun

B

Bogusław Półtorak

Format Sitasi

Kociemska, H., Frydrych, S., Szczech-Pietkiewicz, E., Radło, M., Kasprzak, R., Rokita, P. et al. (2023). Governance effectiveness and green bonds. An empirical evaluation. https://doi.org/10.34659/eis.2023.85.2.561

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Informasi Jurnal
Tahun Terbit
2023
Sumber Database
DOAJ
DOI
10.34659/eis.2023.85.2.561
Akses
Open Access ✓