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Author

M. Madaleno

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Open access Sep 2026

Strategic Decision-Making in Green Financing: A Game-Theoretic Model and Monte Carlo Simulation of Firm, Investor and Bank Interaction

Green bonds and green bank loans coexist as instruments for financing the low-carbon transition, yet the strategic mechanism through which issuers select between them remains weakly formalized. This paper models green debt instrument choice as a three-stage extensive-form game with perfect information in which a firm f...

Paulo Alcarva, João M. Pinto, Luís Pacheco et al. · 0 citations

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