@phdthesis{Bovelette2015, type = {Bachelor Thesis}, author = {Cristin Bovelette}, title = {Sustainable Investments am Beispiel von Green Bonds}, year = {2015}, abstract = {In recent years the Green Bond market has shown a tremendous growth. It would be interesting to see where the motivation of the issuing companies comes from. One theory is that they expect to have a lower credit spread in this new market segment then in the normal bond market. It is the goal of this paper to analyse if this is the case or not. To do such an analyse it is necessary to find a connection between sustainability and classical capital market theories. Due to a lack of common understanding and measurability of sustainability this is not easy to do. Nowadays it is not possible to give a price for social benefit and as a result it is also not seen in the credit spread.}, language = {en} }