Oil price shocks and green bonds: An empirical evidence

This paper contributes to the existing literature by investigating impacts of crude oil price shocks on financial markets through an examination effect issuance corporate green bonds. Green bond has been growing fast over past several years; despite this, share bonds in total remains less than 1%. Using multilevel models, this study investigates flow oil-supply, oil-demand, and speculative oil-demand (1) probability (2) issuance. We find that supply shocks, demand sovereign have a positive significant bonds, but no impact The results are robust alternative specifications our models.