Research on Financing Efficiency of Green Bond in New Energy Industry
Abstract
Based on the data from 2017 to 2020 of 30 A-SHARE and Hong kong-share listed companies in China’s new energy
industry, this paper analyzes the financing efficiency of green bonds by using the Data envelopment analysis method. At present, the
issuing scale of green bonds is the main factor that hinders the financing of new energy industry.At the same time, the new energy
industry should issue green bonds according to the size and technology level of enterprises, which will lead to the investment
redundancy and waste of resources.
industry, this paper analyzes the financing efficiency of green bonds by using the Data envelopment analysis method. At present, the
issuing scale of green bonds is the main factor that hinders the financing of new energy industry.At the same time, the new energy
industry should issue green bonds according to the size and technology level of enterprises, which will lead to the investment
redundancy and waste of resources.
Keywords
New energy industry; Green bonds; Financing efficiency; DEA model
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PDFReferences
[1] Takashi K. . Are green bonds environmentally friendly and good performing assets? [J]. Energy Economics, 2020(88):104767.
[2] Zerbib O.D. . The effect of pro-environmental pReferences: on bond prices:Evidence from green bonds[J]. Journal of Banking and Finance, 2019(98):39~60.
DOI: http://dx.doi.org/10.18686/ahe.v6i16.5312
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