Abstract
Through a comparative study of listed non-financial companies in China that issued green bonds and ordinary bonds between 2016 and 2021, it was found that the company's green development strategy is an important factor in promoting issuance of green bonds. In addition, public companies and companies with low asset-liability ratios tend to issue more green bonds. Based on the PSM-DID model, it was also found that the green bond can actually improve the environmental performance of the company after its issuance, thus confirming the important role of the company's green development strategy in the promoting the issuance of green bonds. Finally, policy recommendations are made to encourage the issuance of green bonds.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
