The Willingness to Accept the Difference in Government Sustainability Bond Yields

Abstract

The purpose of this article is to study (1) the willingness to accept the difference in rates of return (2) factors influencing the willingness to accept, and (3) estimate of the willingness to accept the difference in yields between government bonds (Bond) and sustainable government bonds (ESG Bond). The analysis includes percentage, average value, and the Contingent Valuation Method: CVM. The data was collected by using questionnaire. There are 398 participants, who live in Bangkok and its vicinity. The result of the study found that most samples are aware and strongly agree with the current environmental, social, and governance issues as well as being interested in participating in such activities to improve those issues. Estimated willingness to accept the difference in yields between Bond and ESG Bonds is 0.19 (19 bps.). Factors influencing the willingness to the acceptancy are income, attitudes, and knowledge related to environment, society, and governance, participating in activities, and having concerns about environment, society, and governance.