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

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  • Yang, Ji
  • Shi, Yajie
  • Zhang, Lifeng
  • Hu, Suhuan

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.

Suggested Citation

  • Yang, Ji & Shi, Yajie & Zhang, Lifeng & Hu, Suhuan, 2023. "The influence of environmental information transparency of green bond on credit rating," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007821
    DOI: 10.1016/j.frl.2023.104410
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    References listed on IDEAS

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    2. Cao, Fangzhi & Su, Chi-Wei & Qin, Meng & Moldovan, Nicoleta-Claudia, 2024. "The investment of renewable energy: Is green bond a safe-haven to hedge U.S. monetary policy uncertainty?," Energy, Elsevier, vol. 307(C).

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