THE BELOW POINTS TO BE COMPLETED IN ORDER TO COMPLETE THE TASK.
1) INTRODUCTION (APPROX 250 WORDS)
BRIEF INTRODUCTION INCLUDING WHY UNDERTAKING GREEN BONDS VS CONVENTIONAL
BONDS.
WHY GREEN BONDS IS INTRESTING?
GREEN BONDS INCREASING POPULAR
WHAT ARE THE EXPECTED CONTRIBUTIONS?
2) LITERATURE REVIEW (APPROX 800 WORDS)
NOT A FULL LITERATURE REVIEW
KEY PAPERS WISH TO DEVELOP THE HYPOTHESIS
INCLUDE KEY THEORIES, METHODS, MODELS OR VARIABLES
LOOKING TO TEST
3) HYPOTHESE (APPROX 250 WORDS)
H1 – GREEN BONDS TRADE AT HIGHER PRICES THAN NON–GREEN BONDS AND THEREFORE
GREEN BONDS YIELD A LOWER YTM THAN NON–GREEN BONDS.
H2 – GREEN BONDS TRADE AT HIGHER PRICES THAN NON–GREEN BONDS AND THEREFORE
GREEN BONDS YIELD A LOWER YTM THAN NON–GREEN BONDS.
H3 – GREEN BONDS TRADE AT HIGHER PRICES THAN NON–GREEN BONDS AND THEREFORE
GREEN BONDS YIELD A LOWER YTM THAN NON–GREEN BONDS.
H4 – GREEN BONDS TRADE AT HIGHER PRICES THAN NON–GREEN BONDS AND THEREFORE
GREEN BONDS YIELD A LOWER YTM THAN NON–GREEN BONDS.
4) DATA SOURCES (APPROX 200 WORDS).
BLOOMBERG
QUALITATIVE DATA IS PREDOMINANTLY SECONDARY AND IS OBTAINED FROM ACADEMIC
PAPERS, INSTITUTIONAL REPORTS, NEWSPAPER ARTICLES AND REPUTABLE TEXTBOOKS.
THOMSON REUTERS
GIIN AND THE CBI, TWO NON–PROFIT ORGANISATIONS FOUNDED TO PROMOTE IMPACT
INVESTING AND THE GREEN BOND MARKET
YAHOO FINANCE
ESG RATINGS
OTHER ETC
5) RESEARCH METHODS (APPROX 300 WORDS)
QUANTIATIVE RESEARCH STATISTICAL PROGRAMS STATA, EVIEWS, EXCEL AND OUTPUTS
(E.G. DESCRIPTIVE STATISTICS, CORRELATION MATRICES, REGRESSION OUTPUTS)
EMPIRICAL MODEL TO BE USED WITH ALL VARIABLES DEFINED.
THE QUANTITATIVE DATA EMPLOYED IN THIS STUDY CONSISTS OF TWO DIFFERENT DATA
SETS. THE FIRST DATA SET IS REQUIRED FOR THE INITIAL PART OF THE ANALYSIS, IN
WHICH WE RUN MULTIPLE CROSS–SECTIONAL REGRESSIONS TO UNCOVER A POTENTIAL
GREEN BOND PREMIUM. THE SECOND DATA SET IS APPLIED IN THE FOLLOWING PART OF
THE ANALYSIS, IN WHICH WE BUILD VARIOUS PORTFOLIOS AND APPLY THE MODERN
PORTFOLIO THEORY.
6) ETHICAL CONSIDERATION (APPROX 150 WORDS)
BRIEF SUMMARY OF ETHICAL CONSIDERATIONS RELATEDTO RESEARCH.
