Exploring the determinants of green bond market development in Bangladesh
Article
Article Title | Exploring the determinants of green bond market development in Bangladesh |
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Article Category | Article |
Authors | Hasan, Md. Bokhtiar, Rashid, Md. Mamunur, Sarker, Tapan and Shafiullah, Muhammad |
Journal Title | Eurasian Economic Review |
Journal Citation | 14 (1), pp. 213-233 |
Number of Pages | 21 |
Year | 2024 |
Publisher | Springer |
Place of Publication | Germany |
ISSN | 1309-422X |
2147-429X | |
Digital Object Identifier (DOI) | https://doi.org/10.1007/s40822-023-00253-9 |
Web Address (URL) | https://link.springer.com/article/10.1007/s40822-023-00253-9 |
Abstract | Our study is a pioneering endeavor to comprehensively explore the pivotal factors influencing the growth trajectory of the green bond (GB) market in Bangladesh, aligning with the nation’s Sustainable Development Goals (SDGs) in the aftermath of the COVID-19 pandemic. Leveraging the opinions of fifteen local experts, we employ the Analytic Hierarchy Process (AHP) methodology to discern and prioritize the key determinants. Our findings indicate that infrastructure and financial factors emerge as crucial determinants significantly shaping the developmental landscape of the GB market in Bangladesh. Moreover, within the spectrum of twenty-eight sub-factors examined, legal frameworks, the monetary policy of the Central Bank of Bangladesh, institutional infrastructures, and fiscal policies are identified as direct influencers impacting the expansion of the GB market. Consequently, we advocate for a strategic policy focus on infrastructure and financial facets to foster the growth of Bangladesh’s GB markets, particularly in the post-COVID-19 era. |
Keywords | Green Bonds; Analytic hierarchy process; Sustainable Development Goals; Post-COVID-19; Bangladesh |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 350201. Environment and climate finance |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Islamic University, Bangladesh |
School of Business | |
BRAC University, Bangladesh |
https://research.usq.edu.au/item/z4yyv/exploring-the-determinants-of-green-bond-market-development-in-bangladesh
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