Ethico-economic analysis of impact finance: The case of Green Bonds

Bernard Paranque and Christophe Revelli

Research in International Business and Finance, 2019, vol. 47, issue C, 57-66

Abstract: This article aims to understand whether Green Bonds (GBs) can be considered an ethical action with a measurable impact, creating ethical and sustainable value beyond economic and financial value. To this end, we attempt to define an ethico-economic framework to understand whether GBs fit into the objectives of action, sociability, humanitarianism, and measurable ethical value, and assess their capacity to constitute a new and powerful instrument in a shared ethical framework.

Keywords: Ethics; Impact finance; Green Bond; Values (search for similar items in EconPapers)
JEL-codes: G M14 O16 O35 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:47:y:2019:i:c:p:57-66

DOI: 10.1016/j.ribaf.2017.12.003

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