Mobilising ASEAN Capital Markets for Sustainable Growth
| Autor principal: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
Organization for Economic Cooperation & Development
2024.
|
| Edición: | 1st ed |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009823000806719 |
Tabla de Contenidos:
- Intro
- Foreword
- Acknowledgements
- Abbreviations and acronyms
- Executive summary
- Policy considerations
- The corporate landscape and the use of capital markets
- Corporate governance policies and practices
- Artificial intelligence in finance
- Sustainable bond markets
- 1 Corporate landscape and the use of capital markets in ASEAN economies
- 1.1. Introduction
- 1.2. The use of market-based financing in ASEAN economies
- 1.3. Marketplaces for equity and corporate bonds in ASEAN economies
- 1.4. Corporate landscape in ASEAN economies
- 1.4.1. Capital structure
- 1.4.2. Profitability
- 1.4.3. Productivity and investment
- 1.5. ASEAN companies' use of public markets
- 1.5.1. Trends in the use of public equity markets
- 1.5.2. Trends in the use of corporate bonds
- 1.6. Selected issues in the public equity and corporate bond markets
- 1.6.1. Secondary stock market liquidity
- 1.6.2. Index inclusion of companies from ASEAN region
- 1.6.3. Credit assessment and quality in the corporate bond markets
- 1.6.4. Barriers to the development of corporate bond markets
- 1.7. Policy considerations
- References
- Notes
- 2 Corporate governance in ASEAN economies
- 2.1. Introduction
- 2.1.1. Ownership structure of ASEAN listed companies
- 2.1.2. Regional initiatives
- 2.2. Corporate governance policies and practices in ASEAN economies
- 2.2.1. Company groups
- Group-wide risk management
- Related party transactions
- Disclosure concerning company groups
- 2.2.2. The role of institutional investors and stewardship
- 2.2.3. Corporate sustainability
- Sustainability-related disclosure
- Corporate sustainability disclosure requirements and recommendations
- Consideration for flexibility for smaller listed companies
- Phasing in of assurance of sustainability information
- Board responsibilities.
- 2.2.4. General shareholder meetings
- Giving shareholders sufficient time and information to prepare meetings
- Providing proper identification of shareholders eligible for voting
- Ensuring that shareholders' voting is counted properly and accurately
- Encouraging companies to properly handle questions from shareholders
- Encouraging the disclosure of voting and meeting results
- 2.2.5. The corporate board of directors
- Board independence
- Board-level committees
- Board nomination and election
- 2.3. Policy considerations
- References
- Notes
- 3 Artificial intelligence (AI) and finance in ASEAN economies
- 3.1. Introduction
- 3.2. AI in finance: Asian trends
- 3.2.1. Using AI models to examine interest in AI in finance in major Asian economies
- 3.2.2. Evolution of sentiment on AI in Finance in Japan and Korea
- 3.2.3. Investment into AI and financial sector acquisitions of AI companies in Asia
- 3.3. Recent developments in AI: the advent of Generative Artificial Intelligence
- 3.3.1. Drivers of fast AI adoption in non-finance applications
- 3.3.2. Slow-paced deployment of advanced AI models in finance
- 3.3.3. Direct vs. indirect scope of use of AI in finance
- 3.4. Use cases of AI in finance and associated benefits for ASEAN countries
- 3.5. Risks and challenges of AI applications in finance
- 3.5.1. Lack of explainability
- 3.5.2. Risk of bias and discrimination
- 3.5.3. Data-related risks
- 3.5.4. Cyber-security risks
- 3.5.5. Model robustness and resilience, reliability of outputs and risk of market manipulation
- 3.5.6. Governance-related risks, accountability and transparency
- 3.5.7. Systemic risks: Herding and volatility, interconnectedness, concentration and competition
- 3.5.8. Other risks: employment and skills, environmental impact
- 3.6. Policy considerations on AI in finance.
- 3.6.1. Policy developments on AI in finance in ASEAN countries
- 3.6.2. Policy considerations and recommendations for the use of AI in Finance in ASEAN
- References
- Notes
- 4 Sustainable bonds: Trends and practices in ASEAN economies
- 4.1. Introduction
- 4.2. Overview of sustainable bonds in Asia
- 4.3. Trends in corporate sustainable bonds in Asia
- 4.4. Assessment of standards, KPIs and metrics underpinning sustainable bonds in Asia
- 4.4.1. Overview of the use of proceeds' stipulations and KPIs within sustainable bonds' contracts
- 4.4.2. Overview of international and Asia-specific frameworks proposing relevant requirements for sustainable bonds
- 4.4.3. Analysis of metric methodologies and their robustness in tailoring products
- Quantitative metrics
- Qualitative metrics
- Methodologies to develop KPIs and metrics
- 4.4.4. Challenges and limitations
- 4.5. Policy considerations
- References
- Annex A. Methodology for data collection and classification
- Balance sheet information for non-financial listed firms
- Financial information cleaning
- Industry classification
- Listing information
- Public equity data
- Country coverage and classification
- Exclusion criteria
- Industry classification
- Corporate bond data
- Early redemption data
- Rating data
- Industry classification
- MSCI data
- Ownership data
- Industry classification
- Sentiment indices from the NLP work
- Definition of AI sentiment and polarity indices
- Choosing newspapers and webcrawling
- Labelling and pre-processing
- The BERT model and the sentiment scores
- Sustainable bonds data and coverage
- References
- Notes.
