Are retail investors willing to buy green bonds? A case for Japan
Are retail investors willing to buy green bonds? A case for Japan
复制标题
DOI：
10.1080/20430795.2024.2349723
复制
发表时间：
2024-05-11
影响因子：
4.3
通讯作者：
Aruga，Kentaka
中科院分区：
文献类型：
--
作者：
Aruga，Kentaka
随着金融部门在缓解环境压力方面的重要性日益凸显，不少金融机构开始发行绿色债券。本研究采用双界二分选择条件估值法考察散户投资者购买绿色债券的支付意愿。对日本受访者进行的调查结果显示，平均而言，当年利率为1.1%左右时，受访者愿意投资绿色债券。研究结果还表明，利他主义和环保意识水平较高、了解绿色债券信息、经常投资者的受访者对投资绿色债券的偏好较高。研究结果表明，金融机构在提供绿色债券如何有助于减轻环境压力和提高投资者对绿色债券的认识方面的重要性。
With the growing importance of the financial sector in mitigating environmental pressure, many financial institutions have begun issuing green bonds. This study investigated retail investors’ willingness to pay for green bonds using the double-bounded dichotomous choice contingent valuation method. The findings from the survey performed on Japanese respondents reveal that, on average, respondents are willing to invest in green bonds when offered an annual interest rate of around 1.1%. The results also indicate that respondents with higher altruism and environmental awareness levels, information about green bonds, and frequent investors have a higher preference for investing in green bonds. The results suggest financial institutions’ importance in providing information on how green bonds can help reduce environmental pressure and raise investors’ awareness of green bonds.