Version 1
: Received: 15 July 2021 / Approved: 16 July 2021 / Online: 16 July 2021 (15:02:53 CEST)
How to cite:
Lombardi Netto, A.; Salomon, V.A.P.; Ortiz-Barrios, M. Multi-Criteria Analysis of Green Bonds: A Hybrid Ahp–Copras Application. Preprints2021, 2021070383. https://doi.org/10.20944/preprints202107.0383.v1
Lombardi Netto, A.; Salomon, V.A.P.; Ortiz-Barrios, M. Multi-Criteria Analysis of Green Bonds: A Hybrid Ahp–Copras Application. Preprints 2021, 2021070383. https://doi.org/10.20944/preprints202107.0383.v1
Lombardi Netto, A.; Salomon, V.A.P.; Ortiz-Barrios, M. Multi-Criteria Analysis of Green Bonds: A Hybrid Ahp–Copras Application. Preprints2021, 2021070383. https://doi.org/10.20944/preprints202107.0383.v1
APA Style
Lombardi Netto, A., Salomon, V.A.P., & Ortiz-Barrios, M. (2021). Multi-Criteria Analysis of Green Bonds: A Hybrid Ahp–Copras Application. Preprints. https://doi.org/10.20944/preprints202107.0383.v1
Chicago/Turabian Style
Lombardi Netto, A., Valerio Antonio Pamplona Salomon and Miguel Ortiz-Barrios. 2021 "Multi-Criteria Analysis of Green Bonds: A Hybrid Ahp–Copras Application" Preprints. https://doi.org/10.20944/preprints202107.0383.v1
Abstract
There is an increasing pressure by community and customers forcing companies to insert environmental concerns in their practices. To help companies initiatives, the green bonds market was incepted. Our research question is how to select bonds in a growing billion-dollar market. This paper presents a multi-criteria decision analysis (MCDA) model to enable investors identify opportunities based not only in opinions, but grounded on objective facts. Analytic Hierarchy Process (AHP) and Complex Proportional Assessment (COPRAS) are two MCDA methods applied in this paper. Top-fifteen green bonds ranked by specialized media were assessed with the proposed MCDA model. Criteria included the Environmental Performance Index (EPI) proposed by Yale University, and common financial indicators as assets, risks (β), and dividends. The new AHP–COPRAS rank is compared with another published by specialized media.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
