Ethico-economic analysis of impact finance: The case of Green Bonds

Impact creation process in a non-hegemonic embedded economy. [Display omitted] This article aims to understand whether Green Bonds (GBs) can be considered an ethical action with a measurable impact, creating ethical and sustainable value beyond economic and financial value. To this end, we attempt t...

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Bibliographic Details
Published inResearch in international business and finance Vol. 47; pp. 57 - 66
Main Authors Paranque, Bernard, Revelli, Christophe
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.01.2019
Subjects
Ethics
Green Bond
Impact finance
Values
O35
M14
Ethics
O16
G
Values
Impact finance
Green Bond
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Summary:Impact creation process in a non-hegemonic embedded economy. [Display omitted] This article aims to understand whether Green Bonds (GBs) can be considered an ethical action with a measurable impact, creating ethical and sustainable value beyond economic and financial value. To this end, we attempt to define an ethico-economic framework to understand whether GBs fit into the objectives of action, sociability, humanitarianism, and measurable ethical value, and assess their capacity to constitute a new and powerful instrument in a shared ethical framework.
ISSN:0275-5319
1878-3384
DOI:10.1016/j.ribaf.2017.12.003