We explore the relationship between underwriter reputation and pricing (fee and yield) of corporate bond underwriting services in the U.S. during the global financial crisis (GFC) of 2007-2009. We compare the effect of underwriter reputation on bond pricing during the GFC with that in pre- and...

Despite the substantial increase in green bond issuance over the past decade, corporate green bonds still only represent a small fraction of total bond issuance, and evidence on the drivers and costs of corporate green bond issuance is lacking. Drawing from the distinct features of green bonds...