The influence of environmental information transparency of green bond on credit rating

Ji Yang, Yajie Shi, Lifeng Zhang and Suhuan Hu

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: This paper analyses the impact of environmental information transparency of green bonds on credit ratings . Collecting 217 green bonds issued during 2019–2021 as a research sample. The empirical evidence found that the relationship between environmental information transparency and the credit rating of green bonds is significantly positive; the relationship between environmental information transparency and the credit rating of green bonds is negatively influenced by the penalties imposed on the issuing entities by environmental protection authorities.

Keywords: Green bonds; Credit rating; Environmental information transparency (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007821

DOI: 10.1016/j.frl.2023.104410

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