The Impact of Green Bond Issuance on Stock Price Crash Risk in Asian Banking Firms
Abstract
This study examines the impact of conventional and sustainable financing strategies on stock price crash risk in Asian banking firms. Sustainable financing is proxied by green bond issuance, while crash risk is measured using negative conditional skewness and down-to-up volatility. The study employs a difference-in-differences appROAch using panel data from banking institutions across several Asian countries. The findings are expected to provide empirical evidence on whether sustainable financing strategies mitigate stock price crash risk and offer insights for corporate managers and policymakers in designing optimal financing structures.
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EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
