Shareiholder Wealth: An Event Study of Green and Non-Green Bond Issuance in Scandinavia
The green bond market has grown immensely since 2013 and is projected to continue on this growth path in the future. There is no consensus surrounding the effect of green bonds on the issuing firms share price. The purpose of this study is to analyze and compare the effect the announcement of the issuement of green bonds and conventional bonds have on the issuing firm’s share price in Scandinavia.