CEU Electronic Theses and Dissertations, 2023
| Author | Querijero, Ma. Trisha |
|---|---|
| Title | Transitioning Towards Greener Markets: The Impact of Sustainable Financial Instruments in ASEAN (2018-2023) |
| Summary | This study explores the impact of integrating sustainable financial instruments into the debt portfolios of emerging ASEAN economies from 2018 to 2023 and how it shapes capital market expansion, growth, and unemployment amongst the regional bloc’s members. Traditional bonds remain the dominant instrument in the capital markets, overshadowing the contemporary sustainably linked bonds. The results show that market players in the developing markets do not regard the sustainability label as an important metric for investment given that it moves similarly as a traditional bond. Traders in ASEAN put more importance on income generation and return over impact investing. However, foreign investors– mostly from Europe, are believed to show greater interest in sustainable bonds. Economic barometers indicated a positive relationship between market capitalization, GDP expansion, and lower unemployment in most ASEA countries. Adoption of sustainable bonds provides a viable funding option for many governments and corporations across the ASEAN network, but their impact on the capital markets and the economy needs to be explored further. |
| Supervisor | Bokros, Lajos |
| Department | School of Public Policy MA |
| Full text | https://www.etd.ceu.edu/2023/querijero_ma.-trisha.pdf |
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