We study a global panel of green and conventional corporate bonds to assess the borrowing
cost advantage at issuance for green bond issuers. We find that, on average, green …

Despite the substantial increase in green bond issuance over the past decade, evidence on
the drivers and costs of corporate green bond issuance is lacking. We develop four novel …

We examine the resilience of green bonds to the COVID-19 shock through the lens of
institutional investors' holdings. We show that the green label has a positive impact on bond …

We examine whether and to what extent investors are willing to forego financial returns in
exchange for non-pecuniary benefits in the United States municipal bond market. We match …

I investigate the use of proceeds and the real impact of global corporate green bonds issued
by non-financial firms, with a focus on greenhouse gas (GHG) emissions. The research …

Drawing on the frameworks of signaling and socially responsible investment (SRI)
theoretical lens, we investigate the primary market demands for green bonds (GB). Using …

This study examines how high quality green bond issuers differentiate themselves from
greenwashing issuers by bonding with two reputable institutions–the Climate Bonds …

We use a natural experiment in the US municipal bond markets to study the effects of green
bond labeling. We find that labeled bonds attract more capital from ESG-focused mutual …

This dissertation examines whether the issuers of high-quality green bonds differentiate
themselves by bonding with two reputable organizations that impose high green bond …

This dissertation examines whether the issuers of high-quality green bonds differentiate
themselves by bonding with two reputable organizations that impose high green bond …