---
title: In Search of the True Greenium
url: https://www.ml-quant.com/papers/ssrn/4744608/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4744608
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4744608
featured: 2024-03-06
citations: 20
topic: Asset Pricing & Factors
---


# In Search of the True Greenium

The study introduces a robust green score and expected returns to calculate the greenium, the expected return of green securities compared to brown, which is found to be more negative in greener countries and over time.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4744608
- Identifier: SSRN 4744608
- Released: 2024-03-01
- First featured: Quant Letter No. 39 (2024-03-06): https://www.ml-quant.com/issues/2024-03-06/
- Citations (Semantic Scholar): 20
- Published in: not yet
- Topic: Asset Pricing & Factors

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