ESG Rating Disagreement and the Green Bond Premium: Evidence from the European Corporate Bond Market
This thesis investigates the existence of a green bond premium, or greenium, in the European corporate bond market. It examines how ESG disagreements affect this premium. By utilising secondary market data for 515 green bonds and 2.325 conventional bonds issued between 2018 and 2025, a matching methodology based on Zerbib (2019) is employed to isolate the yield differential attributed to the green
