Research on the Impact of Green Bond Issuance in New Energy Automobile Industry-- Taking BYD Company as an Example
DOI:
https://doi.org/10.54097/wv01gs44Keywords:
Green Bonds; BYD; Advantages and Disadvantages.Abstract
Green bonds are a cutting-edge financial tool that is becoming more and more significant in encouraging green development and investment in the environment. This paper will analyze the operational and financial impact on the company based on the BYD green bond case. From the view of weighted average return on net assets, long-term debt ratio and other indicators, it is found that green bonds can help the company to improve profits, but also bring more debt pressure. Overall green bonds are a good financing route for BYD, creating a diversified development path, broadening the investor base, and improving the green reputation and the company's financial stability. This paper further suggests optimizing the structure of the new energy green bond market, improving the regulatory system and enhancing investor education in order to promote the healthy development of this market.
Downloads
References
[1] Huang Shenhui. Study on the Motivation and Benefits of Issuing Green Bonds by Private Enterprises in China--Taking Shenghong Technology as an Example. Jiangxi:Jiangxi University of Finance and Economics, 2023.
[2] Wang Yao, Cao Chang . Promoting the Development of Green Bonds. China Finance, 2015 (20) : 43-45.
[3] Tan Chao, Yang Wenying . Green Bond Issuance and Capital Allocation: Based on Debt Contract Perspective. FINANCE AND ACCOUNTING MONTHLY, 2022 ( 11) : 147-155.
[4] Wang Bo, Zhan Linsheng, Di Chaolun. Green bond premium effect, mechanism and sustainable performance. Nankai Journal (Philosophy and Social Science Edition),2024,(04):134-149.
[5] Wang Hailin, Chang Zhengwei, Chao Siming. Whether green bond financing can play the “catfish effect”: the role of green bonds on the technological competitive potential of enterprises. Finance Theory & Practice,2024,(02):51-64.
[6] Li Junying, Li Yitong. Current Situation and Development Thinking of Green Government Bonds in China. FINANCE AND ACCOUNTING MONTHLY,2023,44(21):154-160.
[7] Fan Yunpeng,Liu Zhengnan,Wang Shucan. Impact of third-party certification on credit spreads of green bonds. Journal of Financial Development Research,2023,(12):11-21.
[8] Hafner, Sarah, et al. Closing the green finance gap–A systems perspective. Environmental Innovation and Societal Transitions 34 (2020): 26-60.
[9] Bhutta, Umair Saeed, et al. Green bonds for sustainable development: Review of literature on development and impact of green bonds. Technological Forecasting and Social Change 175 (2022): 121378.
[10] Lebelle, Martin, Souad Lajili Jarjir, and Syrine Sassi. Corporate green bond issuances: An international evidence. Journal of Risk and Financial Management 13.2 (2020): 25.
[11] Wang, Jiazhen, et al. “The market reaction to green bond issuance: Evidence from. China.” Pacific-Basin Finance Journal, vol. 60, Apr. 2020,101294
[12] Lv Zhiyang. An analysis of BYD's green bond issuance drive and comprehensive impact[J]. Management and Technology of SME,2023,(20):182-184.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
