OIL PRICE SHOCKS AND GREEN BONDS: AN EMPIRICAL EVIDENCE

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dc.contributor.authorAzhgaliyeva, Dina
dc.contributor.authorKapsalyamova, Zhanna
dc.contributor.authorMishra, Ranjeeta
dc.date.accessioned2023-02-07T05:07:24Z
dc.date.available2023-02-07T05:07:24Z
dc.date.issued2022
dc.description.abstractThis paper contributes to the existing literature by investigating the impacts of crude oil price shocks on financial markets through an examination of the effect of oil price shocks on the issuance of corporate green bonds. Green bond issuance has been growing fast over the past several years; despite this, the share of green bonds in the total bonds remains less than 1%. Using the multilevel models, this study investigates the effect of flow oil-supply, flow oil-demand, and speculative oil-demand shocks on (1) probability of the corporate green bond issuance and (2) the share of corporate green bond issuance. We find that flow supply shocks, flow demand shocks and the issuance of sovereign green bonds have a positive and significant effect on the probability of the issuance of corporate green bonds, but shocks have no significant impact on the share of the corporate green bond issuance. The results are robust to alternative specifications of our models.en_US
dc.identifier.citationKoyanbayev, M., Wang, L., Wang, Y., & Hashmet, M. R. (2022). Advances in sour gas injection for enhanced oil recovery-an economical and environmental way for handling excessively produced H2S. Energy Reports, 8, 15296–15310. https://doi.org/10.1016/j.egyr.2022.11.121en_US
dc.identifier.urihttp://nur.nu.edu.kz/handle/123456789/6921
dc.language.isoenen_US
dc.publisherEnergy Economicsen_US
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/*
dc.subjectType of access: Open Accessen_US
dc.subjectGreen bondsen_US
dc.subjectSovereign bondsen_US
dc.subjectGreen financeen_US
dc.subjectOil shocken_US
dc.subjectCrude oil priceen_US
dc.titleOIL PRICE SHOCKS AND GREEN BONDS: AN EMPIRICAL EVIDENCEen_US
dc.typeArticleen_US
workflow.import.sourcescience

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