报告题目：Does compliance to Green Bond principles matter? An empirical investigation
报告人：Dr. Sisira Colombage, Federation Business School, Federation University Australia
报告人简介：Dr. Sisira Colombage is asenior lecturer in finance. He held the position of Discipline Head from June 2014 to December 2015, Accounting & Finance, Economics and Law, and HDR Coordinator, School of Business, Gippsland. Prior to this, he spent 6 years at Monash University, 8 years at University of Sri Jayewardenepura where he held positions as Senior Lecturer, and 2 years at Kobe University as a postdoctoral fellow. He has broad teaching experience in Corporate Finance, Money and Capital Markets and Investments. Sisira is an active research supervisor and he has supervised a number of PhD and honours students to completion.
He has published papers in numerous journals including the Journal of International Financial Markets Institutions and Money, Accounting and Finance, Journal of Asian Economics, Pacific-Basin Finance Journal, and Southeast Asia Research and presented papers in international conferences.
报告摘要：This research focuses on the effectiveness of Green Bond Principles (GBP) in increasing investor demand for Green Bonds(GB). To observe whether credibility enhancement of GB issues can create a solution to green investment issues in G20 countries.
The findings are:
(1) Compliance to GBP increase investor demand for GBs.
(2) Large issue size of GBs positively affect demand for GBs.
(3) YTM has an inverse association with GB liquidity.
(4) Corporate GB issues discourage GB investments.
(5) Default risk is a common consideration of investors even the project is green or not.
(6) Macroeconomic variables and Environmental related credit risk do not have a statistically significant impact on investor demand for GBs.