Image of WHAT SHAPES GREEN BOND YIELDS AROUND THE WORLD? CROSS-COUNTRY INSIGHTS WITH AN INDONESIA LENS

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WHAT SHAPES GREEN BOND YIELDS AROUND THE WORLD? CROSS-COUNTRY INSIGHTS WITH AN INDONESIA LENS

This study investigates the drivers of global green bond yields using a two-stage analytical framework combining Extreme Gradient Boosting (XGBoost) and Shapley Additive Explanations (SHAP). Based on multi-issuer data from 2014–2023, the analysis incorporates ESG performance, issuance size, tenor, inflation, and issuer domicile. The findings indicate that longer maturities and higher inflation increase yields, while stronger ESG performance and larger issue sizes reduce them, with the social pillar showing the most pronounced effect. SHAP analysis highlights the predominance of macroeconomic and sustainability factors and suggests that a stable greenium has yet to emerge in the Indonesian green bond market.

Availability
300078437843RLC MM (Rak Tesis)Available
Detail Information
Series Title
-
Statement of Responsibility
Call Number
7843
Publisher
Salemba, Jakarta : Magister Manajemen FEB UI.,
Collation
xii, 95 p. : ill. ; 30 cm.
Language
English
ISBN/ISSN
-
Classification
650
Content Type
text
Edition
-
Subject(s)
Tesis
Green Bonds
Specific Detail Info
-
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