Next Article in Journal
Realized Measures to Explain Volatility Changes over Time
Previous Article in Journal
Robust Inference in the Capital Asset Pricing Model Using the Multivariate t-distribution
Open AccessArticle

Factors Influencing the Green Bond Market Expansion: Evidence from a Multi-Dimensional Analysis

1
Public Accounting Unit, Financial Public Faculty, Academy of Finance, Hanio 10000, Vietnam
2
Department of Business Strategy and Innovation, Griffith Business School, Griffith University, Nathan, QLD 4111, Australia
3
Faculty of World Studies, University of Tehran, Tehran 1417466191, Iran
*
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2020, 13(6), 126; https://doi.org/10.3390/jrfm13060126
Received: 23 April 2020 / Revised: 6 June 2020 / Accepted: 10 June 2020 / Published: 13 June 2020
(This article belongs to the Special Issue Challenges and Solutions of Green Finance in the Low Oil Price Era)
Expansion of green bond markets as an appropriate way to lower environmental pollution is one of the most debatable issues among scholars. However, the expansion of this market is not a simple matter and depends on several factors. The main purpose of this study is to carry out a multi-dimensional analysis using the analytic hierarchy process (AHP) method to find and prioritize factors influencing the development of green bond markets. As a case, we do our analysis for Vietnam that, since the last years, has been trying to expand green bond market as an effective investment channel to finance low-carbon projects. The main findings revealed that legal infrastructure, official interest rate of green bonds, and economic stability are the most important factors directly affecting green bond market expansion. Therefore, economic and legal requirements should be addressed by policy makers. As major policy implications, we recommend an affordable price of green bonds and improvement of economic and financial stability to accelerate the development of green bond markets. View Full-Text
Keywords: green bonds; market expansion; analytic hierarchy process green bonds; market expansion; analytic hierarchy process
Show Figures

Figure 1

MDPI and ACS Style

Anh Tu, C.; Sarker, T.; Rasoulinezhad, E. Factors Influencing the Green Bond Market Expansion: Evidence from a Multi-Dimensional Analysis. J. Risk Financial Manag. 2020, 13, 126.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop