Do Green bonds enhance stock returns and financial performance: A literature Review

Abstract

The aim of the research is to present a literature review in the background of green bonds. The literature review has been carried out to understand the view on the effect of issue of green bonds on the stock prices and financial performance. Most research studies show more pronounced evidence of issue of green bonds producing a favourable stock reaction. There is conflicting evidence suggesting the issuance of green bonds enhances the financial success of the firms