在其他条件相同的情况下,绿色债券的票面利率通常比非绿色债券略低。本文将通过实证研究来探讨绿色债券相对普通债券的定价差异(即利差)的可能影响因素。我们利用迄今为止主流的绿色债券样本数据进行相关性及回归分析,得出影响其利差的因素主要包括发行期限、发行规模、企业净资产收益率、注册资本规模和市场利率水平等,并给出了相应的解释与对策建议。 Under the same conditions, the green bond’s coupon rate is usually slightly lower than the non-green bond. This article will explore the possible impact of pricing differences (ie, interest spreads) on green bonds relative to ordinary bonds through empirical research. We use the so far mainstream green bond sample data correlation and regression analysis, draw the main factors that affect the spread include the issue period, issue size, return on net assets, the scale of registered capital and market interest rates, etc., and to The corresponding explanation and countermeasure suggestion.