This paper demonstrates that green-labeling forms an integral part of financial investment vehicles. We use data from the EU green bond market to show that green labels reduce the required yields on bonds (the "greenium") in the long run, with the effect being more pronounced when labels are...

Digital firms, emerging entities in the digital era, are fundamentally reshaping the global business landscape due to their novel characteristics and far-reaching influence. Given their intrinsic transnational characteristics, the international expansion of digital firms has become a focal point...