The importance of the Greenium: experimental evidence on the role of certifications

Annarita Colasante (), Andrea Morone and Piergiuseppe Morone ()
Additional contact information
Annarita Colasante: UnitelmaSapienza, University of Rome
Piergiuseppe Morone: University of Bari

Eurasian Economic Review, 2024, vol. 14, issue 1, No 6, 148 pages

Abstract: Abstract This study explores the impact of certification on decisions to invest in green bonds. Utilizing a laboratory experiment, we evaluate how different levels of certificate reliability stimulate investments in green bonds, particularly in the context of a green premium. The findings corroborate our hypothesis, showing that reliable certification encourages investors to accept lower returns in exchange for the conservation of natural resources. Importantly, reliable certification may counteract the decline in investments caused by “greenwashing” practices. Consequently, the establishment of a unified and dependable certification system may be crucial to ensure the green attributes sought by investors.

Keywords: Green bonds; Certificate; Experiments; Pro-environmental attitude; Q21; C92; H41 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40822-023-00258-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurase:v:14:y:2024:i:1:d:10.1007_s40822-023-00258-4

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40822

DOI: 10.1007/s40822-023-00258-4

Access Statistics for this article

Eurasian Economic Review is currently edited by Dorothea Schäfer

More articles in Eurasian Economic Review from Springer, Eurasia Business and Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().