IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-65533-3_11.html
   My bibliography  Save this book chapter

Impact of Country-Level Factors on Green Bonds Issuance: Comparison Between BRICS and G7 Countries

In: Sustainable Development in Banking and Finance

Author

Listed:
  • Mani Pouyan

    (Bang College of Business)

  • Karlygash Zhangaliyeva

    (Bang College of Business)

  • Alimshan Faizulayev

    (Bang College of Business)

Abstract

Sustainable finance products that consider ESG standards have been used in recent years, especially for dealing with the adverse effects of climate change. Investors’ demand and awareness of green finance have made Green bonds (GB) highly used as a debt instrument to finance projects with positive environmental impacts. Although the issuance of green bonds has increased globally, the expansion of the green bond market varies among different countries. Therefore, identifying the factors affecting GB issuance in different countries and comparing them can help better understand this gap. In this research, the impact of several country-level variables on the issuance of green bonds is studied for the G7 and BRICS countries. For this purpose, data related to macroeconomic, social, and environmental variables from 2014 to 2022 were Gathered and analyzed by regression models for panel data, including pooled OLS, fixed effect, and random effect. The results can show significant relationships between green bond issuance and some of the independent variables such as population, ESG risk index, credit rating, inflation rate, and fiscal balance.

Suggested Citation

  • Mani Pouyan & Karlygash Zhangaliyeva & Alimshan Faizulayev, 2024. "Impact of Country-Level Factors on Green Bonds Issuance: Comparison Between BRICS and G7 Countries," Springer Proceedings in Business and Economics, in: Nesrin Ozatac & Nigar Taspinar & Bezhan Rustamov (ed.), Sustainable Development in Banking and Finance, pages 181-198, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-65533-3_11
    DOI: 10.1007/978-3-031-65533-3_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Sustainable Finance; Green Bonds; G7; BRICS;
    All these keywords.

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-65533-3_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.