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Isolating the female agency-driven development factor in external sovereign emerging market debt

Henide, Karim and Ahmar, Zaryab (2023) Isolating the female agency-driven development factor in external sovereign emerging market debt. Financial Innovation, 9. ISSN 2199-4730

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Identification Number: 10.1186/s40854-023-00508-z

Abstract

The underlying literature hypothesises and provides randomised evidence for the positive impact of promoting the broad-based inclusion, empowerment, and representation of women on regional ecosystems. This study seeks to isolate a female agency-driven development factor in external sovereign emerging market debt and finds evidence for superior risk-adjusted returns from tilting towards female agency leaders. We propose the female agency factor as an additional scope in the modern investor’s toolbox of holistic credit assessment, allowing investors to isolate the issuers which are the most effective sovereign transmission mechanisms of sustainable development capital. This contribution to the corpus supports the notion of integrating sustainability factors into portfolio construction and reinforces the argument for supporting female-led development from a financial markets’ perspective.

Item Type: Article
Official URL: https://jfin-swufe.springeropen.com/
Additional Information: © 2023 The Author(s)
Divisions: Finance
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HB Economic Theory
Date Deposited: 14 May 2024 10:42
Last Modified: 03 Jul 2024 04:39
URI: http://eprints.lse.ac.uk/id/eprint/123430

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