Skripsi
PENERBITAN OBLIGASI HIJAU DAN OBLIGASI KONVENSIONAL: IDENTIFIKASI PERAN KEBIJAKAN OBLIGASI HIJAU ASEAN-5
The issuance of green bonds has become a critical strategy in addressing climate change by providing funding sources for environmentally friendly projects such as renewable energy and energy efficiency. Its impact is not limited solely to environmental aspects but also influences the overall financial market. Green bonds drive a paradigm shift in financial investment by raising awareness of sustainable investment practices and expanding the investor base for sustainable projects. Consequently, green bonds can incentivize conventional bonds to consider environmental and social risks and promote transparency in fund allocation. This study aims to identify the role of green bond policies in green bond issuance and their impact on conventional bonds in ASEAN-5 during the period 2016-2020. The method employed is the panel Generalized Two Stage Least Square (2SLS). The results indicate that in ASEAN-5, green bond policies and the sustainable development index have a positive and significant effect on green bond issuance. Furthermore, green bond issuance, interest rates, and exchange rates have a negative and significant impact on conventional bond issuance. Based on these findings, it is crucial for governments to play a key role in creating incentives, providing institutional support, enhancing transparency, and developing clear regulations to support the growth of the green bond market in the ASEAN-5 region.
Inventory Code | Barcode | Call Number | Location | Status |
---|---|---|---|---|
2407001727 | T141429 | T1414292024 | Central Library (References) | Available but not for loan - Not for Loan |
No other version available