Template-Type: ReDIF-Article 1.0
Author-Name: Analía Goenaga
Author-Workplace-Name: Universidad Nacional del Sur, Argentina
Author-Name: Nuria Gutierrez
Author-Workplace-Name: Universidad Nacional del Sur, Argentina
Author-Name: Geraldina Bauer
Author-Workplace-Name: Universidad Nacional del Sur, Argentina
Title: Mercado de bonos SVS en Argentina
Abstract: It  is  unavoidable  to  say  that  climate  change  is  one  of  society ´s  biggest  challenges facing today. Organizations that produce high levels of greenhouse gas emissions are forced to change their business models, promoting the use of renewable energy based on endless natural resources.On the other hand, repeated global economic crises have led to a process of financial exclusion, which in turn, leads to greater social exclusion and poverty. From that point, there is an urgent need for a paradigm change that promises a better future for the next generations with a sustainable financial and economic system.In this process of change, organizations find a new alternative financing mechanism with the issuance of green bonds, which manage to mobilize substantial capital towards clean energy projects and, with the alterna-tive  of  issuing  social  bonds,  whose  funds  are  assigned  to  projects  that  cover the increasing social necessities of a world in crisis.In this context, investors begin to express actively their interest in ma-king  socially  responsible  investments  and,  also,  to  demand  better  and  more  information  about  issuing  companies ´  ads  on  financial  instru-ments.This paper aims to analyze whether compliance with the guidelines, and regulations  which  rule  the  SVS  stock  market  in  Argentina,  guarantees  investors  the  categorizations  of  the  same  and  traceability  in  the  use  of  funds.After the research, it is observed that, although the level of compliance with  the  regulations  of  the  Argentina  SVS  stock  market  is  high,  it  does  not  assure  the  investors ´  categorization  nor  the  traceability  of  the  use  of funds. This is due to partial compliance with some guidelines and the lack of control of regulatory organizations which may increase the level of investor skepticism about those types of financial instruments.
Classification-JEL: M14
Keywords: green bonds-social bonds-sustainable bonds-regulations-credibility
Journal: Proyecciones
Pages: 01-17
Issue: 18
Number: 2
Year: 2024
Month: May-October
DOI:https://doi.org/10.24215/26185474e028
File-URL: https://revistas.unlp.edu.ar/proyecciones/article/view/14707
File-Format: Application/pdf
Handle: RePEc:lap:proyec:34