umu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
ESG Rating and Corporate Bond Performance: An analysis of the effect of ESG rating on yield spread
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.
2019 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This research evaluates the relationship between ESG score of the firm and its effect on

the performance of their bonds. The study looks at listed companies on the Nordic

countries

’ stock exchanges and tries to establish a relationship between ESG score and

corporate bond yield spread. The study finds that no such relationship can be established

and therefore that a high ESG score does not imply a decreased level of required risk

premium by bond investors and a decreased or stabilized cost of debt for companies in

the Nordic countries. Further, the study will contribute to a theoretical discussion by using

the Stakeholder Theory, Legitimacy Theory, The Resource-Based View and finally the

Agency theory in order to further analyze the underlying dynamics of this proposed

relationship.

Place, publisher, year, edition, pages
2019. , p. 75
Keywords [en]
ESG, bond
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-161328OAI: oai:DiVA.org:umu-161328DiVA, id: diva2:1333903
Supervisors
Examiners
Available from: 2019-07-02 Created: 2019-07-02 Last updated: 2019-07-02Bibliographically approved

Open Access in DiVA

fulltext(1747 kB)139 downloads
File information
File name FULLTEXT01.pdfFile size 1747 kBChecksum SHA-512
b9c850f0c8c596f50ffa7ed82edb7765b680a34518e1af0fba261be0f9de69a77d0898c17750c9ff6e3f9c0a39f65c8b4a51c33b164172f0f8f55140e074a61c
Type fulltextMimetype application/pdf

By organisation
Business Administration
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 139 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 90 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf