Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)

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The ESG Premium in the Green Bond Market: A Literature Review Based on Global Issuance Data

Authors
Rui Kang1, *
1Business of Science, The University of Illinois Chicago, 60607, Chicago, USA
*Corresponding author. Email: rkang8@uic.edu
Corresponding Author
Rui Kang
Available Online 18 June 2026.
DOI
10.2991/978-2-38476-585-0_53How to use a DOI?
Keywords
Green Bond; ESG Premium; Sustainable Finance
Abstract

This study systematically investigates the ESG premium in the global green bond market through bibliometric methods. The results show that the yield discount phenomenon, i.e., “green premium”, is common in green bonds, which is particularly significant in Europe, the United States, and other regions with sound ESG systems. Factors affecting the formation of the premium include third-party certification, disclosure quality, issuer credit rating, policy support, market liquidity, and investor preference. Among them, authoritative certification and high-quality disclosure can effectively improve investor trust and enhance the market recognition of green labels. This study not only enriches the theoretical system of green financial pricing mechanisms but also provides policy reference and empirical support for building a transparent and efficient green bond market. The results also indicate that disclosure transparency and policy consistency have the strongest explanatory power among influencing factors, suggesting that institutional quality remains the core driver of ESG premium formation.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
18 June 2026
ISBN
978-2-38476-585-0
ISSN
2352-5428
DOI
10.2991/978-2-38476-585-0_53How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rui Kang
PY  - 2026
DA  - 2026/06/18
TI  - The ESG Premium in the Green Bond Market: A Literature Review Based on Global Issuance Data
BT  - Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
PB  - Atlantis Press
SP  - 469
EP  - 478
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-585-0_53
DO  - 10.2991/978-2-38476-585-0_53
ID  - Kang2026
ER  -