The value of external reviews in the secondary green bond market

Simeth, Nagihan

doi:10.1016/j.frl.2021.102306

Cited by 30 publications

(14 citation statements)

References 17 publications

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“…Since assessing the real environmental impact of green bonds is a difficult task for investors, they have to rely on information that issuers disclose voluntarily. Thus, disclosure, transparency and accountability are fundamental in the green bond market [15].…”

Section: Discussionmentioning

confidence: 99%

“…Considering the status of external verifiers, it is important to note that their main role is to provide independent opinions by verifying that green bonds comply with a certain framework or green bond standards [15]. At the same time, the current policy of the Russian Federation in the profile direction obviously does not consider this issue as a priority, since today there is no data on the involvement of external verifiers on official resources.…”

Section: Discussionmentioning

confidence: 99%

“…Interest in the green agenda among entrepreneurs and investors is beginning to grow as they realize its importance for well-being and business development prospects [15]. In addition to the directly environmental sphere, the issue of the institutional affiliation of green finance currently has several other dimensions -political, economic and legal, which should be considered inextricably linked.…”

Section: Institutionalization and Administration Of Green Finance In ...mentioning

confidence: 99%

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Comparative Legal Aspects of the EU and Russia Policy in the Field of Green Financing

Tsindeliani¹,

Proshunin²,

Sadovskaya³

et al. 2023

IJSDP

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The purpose of the article is to consider, using the example of the EU and Russia, potential challenges and problems of legislative regulation of green finance in the framework of the implementation of the current sustainable development agenda. Using the method of political and legal analysis, the study analyzes the current state of legal regulation and political initiatives of the Russian Federation and the EU in the field of green finance. Initially, the paper considers the legal institutionalization of green finance in the field of financial legal relations, and certain legal aspects related to environmental taxes within the framework of the green finance system. Further the work moves on to a review and analysis of EU and Russian policy along with legal and regulatory aspects in the field of green finance. The research gives reason to say that both Russia and the EU are characterized by the lack of unified definitions within the framework of green investments, which creates additional obstacles for potential investors. Of particular importance for the development of the green finance sector is the development of systems and standards for assessing the impact of green finance on the achievement of environmental goals. However, there is currently no legal institutionalization of such standards, which takes the issue beyond the scope of direct legal regulation. Russia, in order to join the global process as a full participant, needs to work out a number of issues of a legal and organizational nature, including issues of the legal nature and system of environmental payments, their administration, in particular determining the procedure for interaction with external verifiers in the framework of the green projects implementation. The lack of political motivation inhibits initiatives in the sphere, while the issues of legal regulation often undeservedly remain in the shadows. This, in turn, causes a theoretical gap, which this work intends to fill. In order to ensure sustainable development, the possibilities of international regulatory cooperation and the harmonization of legislation are becoming important. From a practical point of view, the study is of interest to both lawyers and specialists in the field of financing and investment.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Institutionalization and Administration Of Green Finance In ...mentioning

confidence: 99%

See 1 more Smart Citation

Comparative Legal Aspects of the EU and Russia Policy in the Field of Green Financing

Tsindeliani¹,

Proshunin²,

Sadovskaya³

et al. 2023

IJSDP

View full text Add to dashboard Cite

show abstract

“…The second party's opinions are imperative in determining the greenness of the bond (Siswantoro, 2018). Furthermore, the element of external review is of great significance in the realm of GB that fuels the GB market as it throws light on the credibility and consistency in disclosing the necessary information vis a-vis GB which is led by the ''independent third-party verification'' (Simeth, 2022).…”

Section: Standards Of Gb Marketmentioning

confidence: 99%

Green Bond as an Innovative Financial Instrument in the Indian Financial Market: Insights From Systematic Literature Review Approach

et al. 2023

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As India has set its ambitious target of reaching renewable energy by 2050, it has shown overwhelming interest in Environmental, Social, and Governance (ESG) focused financial products. However, studies on the Indian green bond market are sparse, besides its divergent role in terms of green bond issuance from an emerging market’s perspective. This study aims to fill this gap by employing a systematic review of the literature, emphasizing green bond market growth, the limiting factors, and its future development. This review examined papers published between 2010 and 2022. The review demonstrates that the lack of proper framework, high transaction costs, non-labeling of bonds, higher greenwashing, issuers’ poor creditworthiness, less government involvement, unattractive sovereign rate, unavailability of financial benefits, and lack of awareness have suppressed the rapid expansion of this market. The study based on its findings suggests effective policy measures with the expectation of the active involvement of multiple stakeholders.

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“…The key issues of external analysis are the major market segments, the motivation or needs of customers, general macro economical factors influence the market, and to know the existing or potential competitors. While internal analysis help a firms to determine if its resources and capabilities are likely sources of competitive advantage, establish strategies that will exploit any sources of competitive advantage, to analysis resources and capabilities are the primary sources of profitability, what resource and competences are the basis for sustainable competitive advantage (Cheba et al, 2021;Hong & Park, 2021;Simeth, 2021).…”

Section: Swot Analysismentioning

confidence: 99%

Analysis of Digital Optimization Strategy at Al Eiman Royal Hotel Madinah during Pandemic

Zulkifli

Agoestyowati

Prasetyningsih

et al. 2022

ijjm

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This research aims to analyze digital optimization Al Eiman Royal hotel, to analyze decision-making efforts are to deal with problems that arise during the pandemic. It also to see the digital optimization strategy carried out by hotels in Madinah during the pandemic. Data analysis source by searching, collecting data by conducting observations and interviews and then making conclusions so that they are easy to understand. The interview technique that will be used is a structured interview. The various data obtained are then processed and analyzed using the IFE (Internal Factor Evaluation), EFE (External Factor Evaluation), TOWS Matrix, and IE Matrix to conclude the strategies that have been carried out and inputs that can be used by Al Eiman Royal Hotel as a reference for optimizing the implementation of digital strategies during the pandemic. According to the research result, the IFE and EFE matrix with a total weight of 3.45 for IFE and 2.51 for EFE puts the hotel is in a Growth Stability position with a strategy to keep and maintain the existing market while being able to develop with new types of services also can formulate strategic options for hotel directions using the TOWS matrix.

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The value of external reviews in the secondary green bond market

Cited by 30 publications

References 17 publications

Comparative Legal Aspects of the EU and Russia Policy in the Field of Green Financing

Comparative Legal Aspects of the EU and Russia Policy in the Field of Green Financing

Green Bond as an Innovative Financial Instrument in the Indian Financial Market: Insights From Systematic Literature Review Approach

Analysis of Digital Optimization Strategy at Al Eiman Royal Hotel Madinah during Pandemic

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