New Research on Risk Management from University of Economics in Katowice Summarized (Effectiveness of Green Bonds in Selected CEE Countries: Analysis of Similarities): Insurance – Risk Management

2023 DEC 21 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on risk management is the subject of a new report. According to news reporting from Katowice, Poland, by NewsRx journalists, research stated, “Green bonds are an increasingly important area not only in the financing of investments important to the environment, but recently also as an object of investment. From the investors point of view, the key aspect still remains the efficiency of the investment and its profitability.”

Financial supporters for this research include University of Economics in Katowice.

The news editors obtained a quote from the research from University of Economics in Katowice: “The subject of this research is to evaluate changes in the efficiency of green bonds issued in the selected CEE countries (Poland, Slovakia, Czech Republic, and Hungary), in the short and long term. Poland is the largest issuer of green bonds in this group, followed by the Czech Republic, Hungary, and Slovakia. Individual green bonds in these group of countries are characterized by varying levels of green bond yields, duration of the investment, issue size and counterparty risk. These factors greatly hinder their comparability, especially in terms of investment efficiency. This manuscript fits into this area, as the main purpose of the manuscript is to show similarities in the yields of green bonds issued in Poland and green bonds issued in CEE countries. The hypothesis that will be tested is that changes in the effectiveness of green bonds issued in Poland are strongly correlated with changes in the effectiveness of green bonds issued in CEE countries. The results of the research positively verified the hypothesis, and the objectives of the research were achieved. It was shown that green bonds issued in the Czech Republic and Slovakia demonstrate a high similarity in terms of effectiveness to green bonds issued in Poland. At the same time, the results confirmed that of all the bonds analysed, the one bond issued by the Hungarian government is the least related to green bonds issued in Poland in terms of effectiveness for investors.”

According to the news editors, the research concluded: “The study used multiresolution analysis and Dynamic Time Warping. The Dynamic Time Warping algorithm measures the similarity between two sequences that can change over time. The analysis was carried out over a wide temporal cross-section, analysing the similarity between the effectiveness in both the short and long term.”

For more information on this research see: Effectiveness of Green Bonds in Selected CEE Countries: Analysis of Similarities. Risks, 2023,11(12). (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks11120214.

Our news journalists report that additional information may be obtained by contacting Maria Czech, Department of Banking and Financial Markets, University of Economics in Katowice, 40-287 Katowice, Poland. Additional authors for this research include Monika Hadas-Dyduch, Blandyna Puszer.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the author of this research: Monika Hadas-Dyduch (http://orcid.org/0000-0001-9281-7488).

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