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The effect of issuance documentation disclosure and readability on liquidity: Evidence from green bonds

Author

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  • Souad Lajili Jarjir

    (IRG - Institut de Recherche en Gestion - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel)

  • Martin Lebelle
  • Syrine Sassi

Abstract

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Suggested Citation

  • Souad Lajili Jarjir & Martin Lebelle & Syrine Sassi, 2022. "The effect of issuance documentation disclosure and readability on liquidity: Evidence from green bonds," Post-Print hal-03428710, HAL.
    • Handle: RePEc:hal:journl:hal-03428710
    DOI: 10.1016/j.gfj.2021.100678
    Note: View the original document on HAL open archive server: https://hal.science/hal-03428710
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    References listed on IDEAS

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    6. Tang, Dragon Yongjun & Zhang, Yupu, 2020. "Do shareholders benefit from green bonds?," Journal of Corporate Finance, Elsevier, vol. 61(C).
    7. Gus De Franco & Ole†Kristian Hope & Dushyantkumar Vyas & Yibin Zhou, 2015. "Analyst Report Readability," Contemporary Accounting Research, John Wiley & Sons, vol. 32(1), pages 76-104, March.
    8. Beyer, Anne & Cohen, Daniel A. & Lys, Thomas Z. & Walther, Beverly R., 2010. "The financial reporting environment: Review of the recent literature," Journal of Accounting and Economics, Elsevier, vol. 50(2-3), pages 296-343, December.
    9. Agliardi, Elettra & Agliardi, Rossella, 2019. "Financing environmentally-sustainable projects with green bonds," Environment and Development Economics, Cambridge University Press, vol. 24(6), pages 608-623, December.
    10. repec:bla:jfinan:v:59:y:2004:i:2:p:899-931 is not listed on IDEAS
    11. Li, Feng, 2008. "Annual report readability, current earnings, and earnings persistence," Journal of Accounting and Economics, Elsevier, vol. 45(2-3), pages 221-247, August.
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    15. Hachenberg, B. & Schiereck, D., 2018. "Are green bonds priced differently from conventional bonds?," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 109709, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    23. Diamond, Douglas W & Verrecchia, Robert E, 1991. "Disclosure, Liquidity, and the Cost of Capital," Journal of Finance, American Finance Association, vol. 46(4), pages 1325-1359, September.
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    Cited by:

    1. Huang, Zishan & Zhu, Huiming & Hau, Liya & Deng, Xi, 2023. "Time-frequency co-movement and network connectedness between green bond and financial asset markets: Evidence from multiscale TVP-VAR analysis," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    2. Zirek, Duygu & Unsal, Omer, 2023. "Green bonds: Do investors benefit from third-party certification?," Global Finance Journal, Elsevier, vol. 58(C).
    3. Baldi, Francesco & Pandimiglio, Alessandro, 2022. "The role of ESG scoring and greenwashing risk in explaining the yields of green bonds: A conceptual framework and an econometric analysis," Global Finance Journal, Elsevier, vol. 52(C).

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