Do green bond issuers suffer from financial constraints?

Glavas, Dejan

doi:10.1080/13504851.2022.2083559

Cited by 7 publications

(3 citation statements)

References 17 publications

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“…Several papers argue, and show empirical evidence, that issuing green bonds increases access to and reduces the cost of capital (Hadaś-Dyduch et al, 2022;Lin & Su, 2022). Glavas (2022) shows that companies that issue green bonds have significantly higher financial constraints, suggesting that access to finance may be an incentive for companies to engage in the green bond market. Dutordoir et al ( 2022) also find some evidence that financial constraints drive green bond issuance.…”

Section: Determinants Of Issuing Corporate Green Bondsmentioning

confidence: 99%

Green Bonds as a Tool of Green Financing

Düringer,

Hermes,

Homroy

2023

The Routledge Handbook of Green Finance

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Section: Determinants Of Issuing Corporate Green Bondsmentioning

confidence: 99%

Green Bonds as a Tool of Green Financing

Düringer,

Hermes,

Homroy

2023

The Routledge Handbook of Green Finance

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“…The happen of covid-19 also impact the FDI entering. The COVID-19 epidemic has had significant effects and challenges for global sustainable development over a number of years, especially when cities are put under greater strain [12][13][14][15]. The Yangtze River Delta area has been continuously plagued by epidemics since the start of this year.…”

Section: Introductionmentioning

confidence: 99%

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

2023

SHS Web Conf.

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The Yangtze River Delta is an area in China’s lower portions of the Yangtze River that borders both the Yellow Sea and the East China Sea and contains a large number of coastal ports. Foreign direct investment (FDI) has driven the rapid development of the local economy. However, there are few studies on the impact of local technological innovation on the attractiveness of FDI. This paper examines how technical innovation affects FDI and considers if FDI might be encouraged by technological advancements made during Covid-19. This paper uses the principal component analysis method to establish the technological innovation index. The regression model is established to evaluate the impact of technological innovation and Covid-19 on Foreign direct investment (FDI). We found that technological innovation has a positive effect on FDI. At the same time, under the background of Covid-19, technological innovation is not conducive to attracting FDI. We also provide some recommendations to assist the government in fostering technological innovation. (1) The local government ought to support both homegrown and international innovation. (2) The government should also promote the development of creative talent teams and inspire scientists and technicians to work for regional businesses or launch their own ventures.

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“…Under this premise, ESG information disclosure, as a disclosure method covering environmental protection, social responsibility performance, corporate governance, and other non-financial information, is in line with the concept of sustainable corporate development and high-quality economic development and has been widely recognized by both academic and practical circles [5][6].…”

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confidence: 99%

Financial Constraint’ Impact on Firms’ ESG Rating Based on Chinese Stock Market

Liu¹

2023

Advances in Economics, Business and Management Research

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Enterprises with strong financing constraints will be under the pressure of difficult obtaining funds and are more likely to fall into financial difficulties. This will also have a certain impact on the ESG rating of rating agencies. This paper explores the impact of corporate financing constraints on ESG ratings. Firstly, this paper constructs the financing constraint index through principal component analysis and then uses the regression model to explore the impact of financing constraints on ESG scores. The results of the article show that the degree of financing constraints of the company (the smaller the FC value) has a negative impact on the ESG rating of the company. The result is similar to the score for environmental protection, social responsibility, and corporate governance. This paper will contribute to the expansion of the literature on ESG ratingsrelated areas in corporate finance.

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Do green bond issuers suffer from financial constraints?

Cited by 7 publications

References 17 publications

Green Bonds as a Tool of Green Financing

Green Bonds as a Tool of Green Financing

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

Financial Constraint’ Impact on Firms’ ESG Rating Based on Chinese Stock Market

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