Polluted waters and municipal finance

Polluted waters and municipal finance

We show that pollution increases the offering yields of municipal bonds, indicating increased risk. We establish this using a difference-in-differences design, comparing the bonds from U.S. counties revealed to contain per- and poly-fluoroalkyl substances (PFAS) in their drinking-water supplies with...

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Bibliographic Details
Main Authors: HUANG, Daisy, KUMAR, Amit
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Municipal Bonds
Drinking Water Pollution
PFAS
Forever Chemicals
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7043
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8042/viewcontent/SSRN_id3821639.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7043
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8042/viewcontent/SSRN_id3821639.pdf

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