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Multi-Criteria Analysis of Green Bonds: Hybrid Multi-Method Applications
Content Provider | MDPI |
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Author | Netto, Antonio Lombardi Salomon, Valerio Antonio Pamplona Barrios, Miguel Angel Ortiz |
Copyright Year | 2021 |
Description | There is an increasing pressure by the community and customers forcing companies to insert environmental concerns in their practices. To help companies initiatives, the green bonds market was created. Our research question is “How to select bonds in a growing billion-dollar market?” This paper presents a multi-criteria decision analysis (MCDA) model to enable investors identify opportunities based not only in opinions, but grounded on objective facts. Analytic hierarchy process (AHP), complex proportional assessment (COPRAS), full consistency method (FUCOM), step-wise Weights Assessment Ratio Analysis (SWARA), and technique of order preference similarity to the ideal solution (TOPSIS) are MCDA methods applied in this paper. Top-fifteen green bonds ranked by specialized media were assessed with the proposed MCDA model. Criteria included the Environmental Performance Index (EPI) proposed by Yale University, and common financial indicators as assets, risks ( |
Starting Page | 10512 |
e-ISSN | 20711050 |
DOI | 10.3390/su131910512 |
Journal | Sustainability |
Issue Number | 19 |
Volume Number | 13 |
Language | English |
Publisher | MDPI |
Publisher Date | 2021-09-22 |
Access Restriction | Open |
Subject Keyword | Sustainability Information and Library Science Ahp Copras Fucom Swara Topsis Corporate Finance Environmental Performance Financial Planning Green Bonds Mcda |
Content Type | Text |
Resource Type | Article |