title: Analysis and modelling of dynamics of green bond markets: case of China
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: ÐÐ½Ð°Ð»Ð¸Ð· Ð¸ Ð¼Ð¾Ð´ÐµÐ»Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ Ð´Ð¸Ð½Ð°Ð¼Ð¸ÐºÐ¸ ÑÑÐ½ÐºÐ° Ð·ÐµÐ»ÐµÐ½ÑÑ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¹ Ð½Ð° Ð¿ÑÐ¸Ð¼ÐµÑÐµ ÐÐ¸ÑÐ°Ð¹ÑÐºÐ¾Ð¹ ÐÐ°ÑÐ¾Ð´Ð½Ð¾Ð¹ Ð ÐµÑÐ¿ÑÐ±Ð»Ð¸ÐºÐ¸
Creators: name: Ð§ÑÐ½ ÐÑÐ½ÑÐ¼Ð¸Ð½Ñ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2024
Subjects: traditional bonds
green bonds
coupon rate
factor analysis
multiple regression model
event study

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description: This work contributes to the theme of green bonds. Green bonds, also known as climate bonds, are debt securities issued to raise funds for various projects to mitigate climate change. The objective of this masters thesis is to study the various determinants of coupon rates of green bonds and conventional bonds other than green bonds and to analyze the factors affecting the coupon rates of the two types of bonds in a comparative manner and also to study what nature of events affect the development of the green bond market through the event study method. This study is analyzed through two models. Namely, the multiple linear regression model and the empirical research method model. Data collection is accomplished through tools such as CSMAR database and China Bond Network. Data were analyzed and processed using STATA software. The results of the regression model were obtained from descriptive analysis, regression results analysis, and factor comparison analysis. The Event Study Method model created four different event days and calculated whether there were abnormal return values. In the multiple linear regression model, the bond coupon rate is set as the dependent variable, and based on the results of the model construction, the determinants at each level can be identified. In total, there are 12 determinants at three levels. In the results of the comparison of the influencing factors of the two types of bond coupon rates, no significant influencing factors were found. In the event study methodology model, the event days selected were March 11, April 7, April 17 in 2020 and April 27 in 2021, respectively. The results show that all event dates except April 17 have a significant impact on the green bond market. This work helps to address the impact of future green bond yield factors and future market developments.