Factors Influencing the Green Bond Market Expansion: Evidence from a Multi-Dimensional Analysis

Tu, Chuc Anh and Sarker, Tapan ORCID: https://orcid.org/0000-0002-0682-2940 and Rasoulinezhad, Ehsan (2020) Factors Influencing the Green Bond Market Expansion: Evidence from a Multi-Dimensional Analysis. Journal of Risk and Financial Management, 13 (6). pp. 1-14. ISSN 1911-8066

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Abstract

Expansion of green bond markets as an appropriate way to lower environmental pollution is one of the most debatable issues among scholars. However, the expansion of this market is not a simple matter and depends on several factors. The main purpose of this study is to carry out a multi-dimensional analysis using the analytic hierarchy process (AHP) method to find and prioritize factors influencing the development of green bond markets. As a case, we do our analysis for Vietnam that, since the last years, has been trying to expand green bond market as an effective investment channel to finance low-carbon projects. The main findings revealed that legal infrastructure, official interest rate of green bonds, and economic stability are the most important factors directly affecting green bond market expansion. Therefore, economic and legal requirements should be addressed by policy makers. As major policy implications, we recommend an affordable price of green bonds and improvement of economic and financial stability to accelerate the development of green bond markets.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 20 Apr 2022 23:11
Last Modified: 08 Aug 2022 05:04
Uncontrolled Keywords: Social Sciences; Business, Finance; Business & Economics; green bonds; market expansion
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350201 Environment and climate finance
Socio-Economic Objectives (2020): 19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1901 Adaptation to climate change > 190101 Climate change adaptation measures (excl. ecosystem)
Identification Number or DOI: https://doi.org/10.3390/jrfm13060126
URI: http://eprints.usq.edu.au/id/eprint/47765

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