Prospects of Green Bonds in Russia

Student: Pykhtin Kirill

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Finance (Master)

Year of Graduation: 2020

Green bonds is a relatively new financial instrument that came to the markets 10 years ago, meanwhile the first issue of such security in Russia occurred only in 2018. Despite the fact that market of green bonds demonstrates enormous growth in other countries, Russian market is still in the early stage of its development. This research is aimed to derive what kind of factors impact the development of green bonds markets by using fixed effects model. The research examines whether macroeconomic factors or governmental policies influence the development of green bonds market.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses