Title:
Assessment the effect of green bonds on green innovation
Authors:
- Emilia Nemeth-Durko
Published in:
(2024). ECMS 2024, 38th Proceedings
Edited by: Daniel Grzonka, Natalia Rylko, Grazyna Suchacka, Vladimir Mityushev, European Council for Modelling and Simulation.
DOI: http://doi.org/10.7148/2024
ISSN: 2522-2422 (ONLINE)
ISSN: 2522-2414 (PRINT)
ISSN: 2522-2430 (CD-ROM)
ISBN: 978-3-937436-84-5
ISBN: 978-3-937436-83-8 (CD) Communications of the ECMS Volume 38, Issue 1, June 2024, Cracow, Poland June 4th – June 7th, 2024
DOI:
https://doi.org/10.7148/2024-0133
Citation format:
Emilia nemeth-durko (2024). Assessment the effect of green bonds on green innovation, ECMS 2024, Proceedings Edited by: Daniel Grzonka, Natalia Rylko, Grazyna Suchacka, Vladimir Mityushev, European Council for Modelling and Simulation. doi:10.7148/2024-0133
Abstract:
In this study, the innovation-promoting effect of green bond issuance was investigated. Green bonds were expected to be the driving force behind the financing of innovation for the sustainable purposes of an economy, and thereby promote an increase in the number of green patents. The prevailing trend in capital markets may enhance green assets establishing long-term financing basis for the green transition. To identify the relationship among the variables, fixed effect regression model was applied to reveal the macro environment of green bond issuance. in the number of green patents between 2016-2020 in several European countries. The results show that there is a significant relationship between green bond issuance and the number of green patent meaning that green bond could stimulate green innovation efforts in several European countries between 2016 and 2020.
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