社会宽容,环境责任和绿色债券市场的增长
Charilaos Mertzanis1, Asma Houcine2
1Abu Dhabi University, United Arab Emirates.
Journal of environmental management
|April 7, 2025
概括
社会宽容积极影响全球绿色债券发行. 更高的社会容忍度与更多的绿色债券相关,部分原因是改善了环境倡议的信用评级.
科学领域:
- 环境金融 环境金融
- 社会学 社会学 社会学
- 经济学 经济学 经济学
背景情况:
- 绿色债券是为环境项目提供资金的关键金融工具.
- 了解影响绿色债券市场的因素对于可持续发展至关重要.
- 社会价值观在环境融资中可能扮演着被低估的角色.
研究的目的:
- 调查社会宽容对绿色债券发行的影响.
- 分析信用评级在这种关系中的调解作用.
- 探索将社会宽容与绿色金融联系起来的经济和制度途径.
主要方法:
- 利用国际货币基金组织气候数据库 (1992-2021) 的新数据.
- 采用了面板数据分析和仪表变量技术来解决内源性问题.
- 纳入了广泛的控制变量 (经济,制度,政治,社会).
主要成果:
- 较高的社会容忍与增加的绿色债券发行有显著的关联.
- 社会宽容通过提高信用评级间接促进绿色债券市场.
- 稳定性检查通过敏感性分析和主导地位分析证实了这些发现.
结论:
- 社会宽容是环境责任和绿色债券市场的关键驱动力.
- 促进宽容的社会可以加强可持续的融资机制.
- 这项研究将社会价值观,金融市场和环境可持续性联系起来.
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