Research On the Stock Price Effect of Green Bonds Issued by Real Estate Enterprises——Take Sino-Ocean Group as An Example
DOI:
https://doi.org/10.54097/hbem.v20i.12644Keywords:
Green bonds; Real estate; Event study methodology.Abstract
With the escalation of environmental problems caused by climate change, all sectors of society have begun to recognize the key role of the financial system in achieving the sustainable development goals, which has triggered the rapid rise of green finance. In this context, as an emerging financing tool, green bonds not only provide financial support for real estate enterprises to develop green industries, but also meet the sustainable development needs of the industry. This paper takes Sino-Ocean Group, a representative real estate enterprise, as an example, and uses the event study methodology to analyze the stock price effect of its green bond issuance, so as to determine whether the issuance of green bonds can help improve the market performance of real estate enterprises.
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