| fullrecord |
[{"key": "dc.contributor.advisor", "value": "Rautiainen, Antti", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Ahopelto, Kalle", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2021-06-11T12:04:55Z", "language": "", "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2021-06-11T12:04:55Z", "language": "", "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2021", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/76465", "language": "", "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "T\u00e4m\u00e4n pro gradu -tutkielman tavoitteena on selvitt\u00e4\u00e4, onko yritysten pyrkimys hankkia p\u00e4\u00e4omaa markkinoilta vihreiden joukkovelkakirjojen muodossa pohjimmiltaan omistaja-arvoa luovaa toimintaa. Arvonluontia on tutkittu mittaamalla liikkeeseenlaskijayrityksen osakkeen lyhyen aikav\u00e4lin kumulatiivisia ep\u00e4normaaleja tuottoja vihre\u00e4n joukkovelkakirjalainan julkistamisen yhteydess\u00e4. Lyhyen aikav\u00e4lin markkinareaktioita on tutkittu useammassa eri aikaikkunassa tapahtumatutkimukselle ominaisia menetelmi\u00e4 hy\u00f6dynt\u00e4en. Tutkimuksen aineisto koostuu 159 eurooppalaisen vihre\u00e4n joukkovelkakirjalainan julkistuksesta vuosina 2013-2019. Ker\u00e4tyn aineiston pohjalta pystyttiin osoittamaan tilastollisesti merkitsevi\u00e4 ep\u00e4normaaleja tuottoja Green Bond -julkistuksen yhteydess\u00e4 useammalla eri aikaikkunalla tarkasteltuna. Tulokset ovat pitk\u00e4lti linjassa muiden vastaavien tutkimusten kanssa ja n\u00e4in ollen antavat lis\u00e4vahvistusta Green Bond -viitekehyksen tuottamasta lis\u00e4arvosta omistajan kannalta tarkasteltuna. Saadut tulokset yhdess\u00e4 ker\u00e4tyn kirjallisuuskatsauksen kanssa antavat lis\u00e4\u00e4 ymm\u00e4rryst\u00e4 vihre\u00e4n joukkovelkakirjalainamarkkinan viime vuosien merkitt\u00e4v\u00e4n kasvun taustalle. Tutkimuksessa on otettu my\u00f6s kantaa valitun aihepiirin ja menetelm\u00e4n eri haasteisiin ja rajoiteisiin liittyen.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.abstract", "value": "The aim of this master\u2019s thesis is to find out, whether companies' efforts to raise capital in the form of Green bonds, are essentially shareholder value creating activities. Shareholder value creation has been studied by measuring the short-term market reactions on a share of an issuer around Green Bond announce-ments. Short-term stock reactions have been estimated by using cumulative ab-normal returns in several different time periods using methods specific to Event Study approach. The data sample consist of 159 European Green bond an-nouncements between the years of 2013-2019. With this sample I was able to demonstrate positive and statistically significant CARs around the Green bond announcements. The results are in line with previous studies that are conducted with similar approach. This study provides further confirmation that the Green bond label is beneficial to use as from the shareholder\u00b4s perspective. These re-sults along with the compiled theoretical framework, are providing more insight into the emerging of the Green bond market. I have also expressed my concern about the challenges and limitations that this approach and used method in-cludes.", "language": "en", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Miia Hakanen (mihakane@jyu.fi) on 2021-06-11T12:04:55Z\r\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2021-06-11T12:04:55Z (GMT). No. of bitstreams: 0\r\n Previous issue date: 2021", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "56", "language": "", "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "eng", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.subject.other", "value": "Sustainable finance", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Green Bond", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Announcement effect", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Event study", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "CAR", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Shareholder value", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Green bonds and shareholder value : the announcement effect of corporate green bonds", "language": "", "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202106113671", "language": "", "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Taloustieteet", "language": "fi", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Business and Economics", "language": "en", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Laskentatoimi", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Accounting", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "yvv.contractresearch.funding", "value": "0", "language": "", "element": "contractresearch", "qualifier": "funding", "schema": "yvv"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.subject.oppiainekoodi", "value": "20421", "language": "", "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}, {"key": "dc.type.okm", "value": "G2", "language": null, "element": "type", "qualifier": "okm", "schema": "dc"}]
|