Can multifarious types of green bonds be accused of greenwashing with a durative analysis? Insights from a permanent causality vs. temporary causality phenomenon
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A100134" target="_blank" >RIV/60460709:41110/24:100134 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1007/s10668-024-04501-z" target="_blank" >https://doi.org/10.1007/s10668-024-04501-z</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10668-024-04501-z" target="_blank" >10.1007/s10668-024-04501-z</a>
Alternative languages
Result language
angličtina
Original language name
Can multifarious types of green bonds be accused of greenwashing with a durative analysis? Insights from a permanent causality vs. temporary causality phenomenon
Original language description
Green bonds are useful monetary tools that can finance sustainable endeavors to bolster an eco-friendly economy. This research inspects the frequency-domain causal relationship between diverse green bond types and the green economy from June 30, 2014 to August 3, 2023. The goal is to understand both permanent and temporary causal phenomena between them. The findings reveal that only pioneering green bonds display a robust bidirectional causal link with an eco-efficient economy. Meanwhile, other green bond types, like conventional, municipal, and currency-dominated green bonds, may be susceptible to greenwashing due to the absence of a thorough permanent causal tie with an ecologically sustainable economy. Additionally, enhancing pioneering green bonds by integrating ESG (Environmental, Social, and Governance) stocks can transform the cause-and-effect dynamic between specific green bonds and the green economy. It shifts from a bilateral cause to a unilateral one stemming from the environmentally friendly economy and extending to distinguished green bonds. This phenomenon persists whether the 5% annual fee for sustaining and managing the index combining green bonds and ESG equities is considered or not. Interestingly, an environmentally conscious economy, in both persistent and transient associations, consistently affects ecological bonds with diverse traits. This highlights the importance of the overall state of an environmentally responsible economy in enhancing green bonds. These discoveries provide novel perspectives for green market regulators and policymakers to design improved standards for green assets.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
ISSN
1387-585X
e-ISSN
1387-585X
Volume of the periodical
neuvedeno
Issue of the periodical within the volume
2024
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
25
Pages from-to
1-25
UT code for WoS article
001156963500001
EID of the result in the Scopus database
2-s2.0-85184399785