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Organisation d'une émission obligataire socialement responsable : la perception du gestionnaire d'actifs

Abstract : The evolution of the new practices of the socially responsible investment opens the way for innovative modes of organization. A big market was born between supply and demand, new "transactional architectures" proposing socially responsible bond issues. The objective being to create the liquidity and to contribute to the economic and social development.The study of the organizational arrangements which succeeded to emit a socially responsible obligation aimed at the management company feeds on two experiences pioneers. The organizational context brings us to wonder about the place of the fund manager in the financing of the united economy. The asset management, at the heart of the organization modes, is positioned between the bond issuer and the investors wishing to integrate extra-financial dimension into their choices of selection of asset.The problem of our research work is interested in the study of the attractiveness of the asset managers in the face of mechanisms differentiated of Voluntary and united Sector.So, within the framework of this thesis, we suggest studying the perception from the point of view of the fund manager of two different modes of organization, which end in the construction of a product qualified as SRI in the sense where he meets the expectations of investors wishing to integrate extra-financial dimensions into their choices of selection of products.From this perspective, the fund manager SRI is brought to make decisions as for the choice of products in its process of construction of the portfolio. He plays double role of construction social performance and financial intermediary and has to face a set of constraints of management but also towards these partners.
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Submitted on : Thursday, March 7, 2019 - 12:14:08 PM
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  • HAL Id : tel-02060306, version 1


Yasser Mayssour. Organisation d'une émission obligataire socialement responsable : la perception du gestionnaire d'actifs. Gestion et management. Université de Bretagne occidentale - Brest, 2018. Français. ⟨NNT : 2018BRES0051⟩. ⟨tel-02060306⟩



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