Table 2 Variable description.

From: Why issue green bonds? Examining their dual impact on environmental protection and economic benefits

Variable

Description

ESG

ESG Score (0,100]

CO2

Total CO2Equivalent Emissions to EVIC USD in million

Bond

Dummy variable, 1 for Green Bond, 0 for Conventional Bond

Scale

The financing size refers to the issuance amount of the bond.

Term

The fund occupancy duration refers to the financing period of the bond.

Rate

The financing cost refers to the bond coupon interest rate.

Industry

Dummy variable, 1 for Manufacturing industry, 0 for others

Country

Dummy variable, 1 for High-income country, 0 for others

Policy

Dummy variable, 1 the year 2016 and subsequent years, 0 for others

  1. Note: The table displays the variables that will be used in this study and their corresponding descriptions.