Are green bonds relevant to retail investors? Evidence from Robinhood
Main Author: | |
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Publication Date: | 2022 |
Format: | Master thesis |
Language: | eng |
Source: | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
Download full: | http://hdl.handle.net/10362/155948 |
Summary: | Do retail investors care about green bonds? I show that retail investors care no more and no less about green bonds than they do about conventional bonds. On a single event level, there is evidence of mixed reaction towards the issuance announcement. Furthermore, the market reacts negatively to green bond announcements so that retail investors make losses by holding the underlying stocks. |
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Are green bonds relevant to retail investors? Evidence from RobinhoodRobinhoodRetail investorsSustainable financeGreen bondsBond issuanceDomínio/Área Científica::Ciências Sociais::Economia e GestãoDo retail investors care about green bonds? I show that retail investors care no more and no less about green bonds than they do about conventional bonds. On a single event level, there is evidence of mixed reaction towards the issuance announcement. Furthermore, the market reacts negatively to green bond announcements so that retail investors make losses by holding the underlying stocks.d'Arienzo, DanieleRUNHermanns, Emma Luise2023-07-28T15:36:35Z2023-01-122022-12-162023-01-12T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/155948TID:203312260enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T18:13:28Zoai:run.unl.pt:10362/155948Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:43:56.492688Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse |
dc.title.none.fl_str_mv |
Are green bonds relevant to retail investors? Evidence from Robinhood |
title |
Are green bonds relevant to retail investors? Evidence from Robinhood |
spellingShingle |
Are green bonds relevant to retail investors? Evidence from Robinhood Hermanns, Emma Luise Robinhood Retail investors Sustainable finance Green bonds Bond issuance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Are green bonds relevant to retail investors? Evidence from Robinhood |
title_full |
Are green bonds relevant to retail investors? Evidence from Robinhood |
title_fullStr |
Are green bonds relevant to retail investors? Evidence from Robinhood |
title_full_unstemmed |
Are green bonds relevant to retail investors? Evidence from Robinhood |
title_sort |
Are green bonds relevant to retail investors? Evidence from Robinhood |
author |
Hermanns, Emma Luise |
author_facet |
Hermanns, Emma Luise |
author_role |
author |
dc.contributor.none.fl_str_mv |
d'Arienzo, Daniele RUN |
dc.contributor.author.fl_str_mv |
Hermanns, Emma Luise |
dc.subject.por.fl_str_mv |
Robinhood Retail investors Sustainable finance Green bonds Bond issuance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Robinhood Retail investors Sustainable finance Green bonds Bond issuance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Do retail investors care about green bonds? I show that retail investors care no more and no less about green bonds than they do about conventional bonds. On a single event level, there is evidence of mixed reaction towards the issuance announcement. Furthermore, the market reacts negatively to green bond announcements so that retail investors make losses by holding the underlying stocks. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-16 2023-07-28T15:36:35Z 2023-01-12 2023-01-12T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/155948 TID:203312260 |
url |
http://hdl.handle.net/10362/155948 |
identifier_str_mv |
TID:203312260 |
dc.language.iso.fl_str_mv |
eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia |
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