E. (Eline) ten Bosch MSc

Eline ten Bosch
Rotterdam School of Management (RSM)
Erasmus University Rotterdam
ERIM PhD Candidate
Field: Finance & Accounting
Affiliated since 2019

PhD Track The impact of country SDG performance on sovereign bond spreads

The traditional relation between macroeconomic factors and sovereign bond spreads seems to be distorted since the financial crisis. Therefore empirical research has sought to find new determinants that that drive sovereign bond spreads and in recent years scholars shifted their attention towards sustainable development factors. The aim of this research is to explore whether there is a relation between SDG performance of a country and sovereign bond spreads. The SDG index is developed by Sachs, Schmidt-Traub, Kroll, Lafortune, Fuller and Woelm (2020), who created a methodology to calculate an index that follows the structure of the 17 goals and uses the underlying indicators. I will focus on the UN SDGs as my measure of sustainable development of a country as I believe the UN SDGs are a direct measure of the governments pledge to achieve social inclusion and environmental protection. In addition, I use of a broad range of low to high income countries which will enrich my data set and provides me with cross-sectional benefits.

Keywords
Sustainable Finance; Sovereign Fixed Income; UN Sustainable Development Goals; Interest rate spread
Time frame
2019 -

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