Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios

La intensidad y frecuencia de los desastres climáticos vienen aumentado drásti­camente durante la última década, con una tendencia que parece va a continuar en ascenso. Los costos asociados a estos eventos también se incrementan cada vez más. Además, se asume que este tipo de desastres climáticos es...

Full description

Autores:
Reyes, Oscar Eduardo
Tipo de recurso:
Article of journal
Fecha de publicación:
2024
Institución:
Universidad Externado de Colombia
Repositorio:
Biblioteca Digital Universidad Externado de Colombia
Idioma:
spa
OAI Identifier:
oai:bdigital.uexternado.edu.co:001/15371
Acceso en línea:
https://bdigital.uexternado.edu.co/handle/001/15371
https://doi.org/10.18601/17941113.n25.05
Palabra clave:
Portfolio;
sustainability;
financial stability;
ESG;
climate change;
climate risk
portafolio;
sostenibilidad;
estabilidad financiera;
ESG;
cambio climático;
riesgo climático
Rights
openAccess
License
Oscar Eduardo Reyes - 2024
id uexternad2_1b5388b5094abfd7d56c3081687e67cb
oai_identifier_str oai:bdigital.uexternado.edu.co:001/15371
network_acronym_str uexternad2
network_name_str Biblioteca Digital Universidad Externado de Colombia
repository_id_str
dc.title.spa.fl_str_mv Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
dc.title.translated.eng.fl_str_mv Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
title Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
spellingShingle Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
Portfolio;
sustainability;
financial stability;
ESG;
climate change;
climate risk
portafolio;
sostenibilidad;
estabilidad financiera;
ESG;
cambio climático;
riesgo climático
title_short Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
title_full Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
title_fullStr Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
title_full_unstemmed Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
title_sort Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios
dc.creator.fl_str_mv Reyes, Oscar Eduardo
dc.contributor.author.spa.fl_str_mv Reyes, Oscar Eduardo
dc.subject.eng.fl_str_mv Portfolio;
sustainability;
financial stability;
ESG;
climate change;
climate risk
topic Portfolio;
sustainability;
financial stability;
ESG;
climate change;
climate risk
portafolio;
sostenibilidad;
estabilidad financiera;
ESG;
cambio climático;
riesgo climático
dc.subject.spa.fl_str_mv portafolio;
sostenibilidad;
estabilidad financiera;
ESG;
cambio climático;
riesgo climático
description La intensidad y frecuencia de los desastres climáticos vienen aumentado drásti­camente durante la última década, con una tendencia que parece va a continuar en ascenso. Los costos asociados a estos eventos también se incrementan cada vez más. Además, se asume que este tipo de desastres climáticos están estre­chamente relacionados con el cambio climático al que nos enfrentamos como humanidad. En este escenario, el sector financiero juega un papel clave en la forma en que gestiona las acciones contra el cambio climático; por lo tanto, cuanto más fuertes sean sus impactos, más rápido deben implementarse estas acciones. Sin embargo, existe un rezago entre la prioridad de la necesidad de acciones y las acciones que realmente se están implementando. Se han pre­sentado algunos estándares de riesgo, pero aún existe una notable dificultad en comprender y modelar la incertidumbre de los impactos futuros del cambio climático. En este contexto, se necesitan otros tipos de esfuerzos, desde una perspectiva multidisciplinaria, que busquen complementar las acciones contra el cambio climático en el ámbito del sector financiero y las inversiones. En este trabajo se presenta un resumen de las principales iniciativas existentes, pero se destaca cómo, aunque responden a esfuerzos importantes y significativos a nivel corporativo, estas son de naturaleza aspiracional y voluntaria y, por lo tanto, insuficientes para abordar la necesidad mencionada. En este sentido, el artículo busca avanzar hacia la justificación de la construcción de carteras de inversión con principios de sostenibilidad ambiental.
publishDate 2024
dc.date.accessioned.none.fl_str_mv 2024-03-21T11:15:55Z
2024-06-07T07:31:20Z
dc.date.available.none.fl_str_mv 2024-03-21T11:15:55Z
2024-06-07T07:31:20Z
dc.date.issued.none.fl_str_mv 2024-03-21
dc.type.spa.fl_str_mv Artículo de revista
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
dc.type.local.eng.fl_str_mv Journal article
dc.type.redcol.spa.fl_str_mv http://purl.org/redcol/resource_type/ARTREF
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
format http://purl.org/coar/resource_type/c_6501
status_str publishedVersion
dc.identifier.doi.none.fl_str_mv 10.18601/17941113.n25.05
dc.identifier.eissn.none.fl_str_mv 2346-2140
dc.identifier.issn.none.fl_str_mv 1794-1113
dc.identifier.uri.none.fl_str_mv https://bdigital.uexternado.edu.co/handle/001/15371
dc.identifier.url.none.fl_str_mv https://doi.org/10.18601/17941113.n25.05
identifier_str_mv 10.18601/17941113.n25.05
2346-2140
1794-1113
url https://bdigital.uexternado.edu.co/handle/001/15371
https://doi.org/10.18601/17941113.n25.05
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.bitstream.none.fl_str_mv https://revistas.uexternado.edu.co/index.php/odeon/article/download/9338/15631
dc.relation.citationedition.spa.fl_str_mv Núm. 25 , Año 2023 : Julio-Diciembre
dc.relation.citationendpage.none.fl_str_mv 115
dc.relation.citationissue.spa.fl_str_mv 25
dc.relation.citationstartpage.none.fl_str_mv 95
dc.relation.ispartofjournal.spa.fl_str_mv ODEON
dc.relation.references.spa.fl_str_mv Berg, F., Koelbel, J. F., & Rigobon, R. (2020). Aggregate confusion: The diver¬gence of ESG ratings. Social Sciences Research Network. https://doi.org/10.2139/ ssrn.3438533
Bloomberg (2022). How Bloomberg is applying its data expertise to ESG. https://www.bloomberg.com/professional/blog/how-bloomberg-is-applying-its-data-expertise-to-esg/
Bolton, P., Despres, M., Pereira Da Silva, L., Samama, F., & Svartzman, R. (2020). The Green Swan: Central banking and financial stability in the age of climate uncertainty. Bank for International Settlements. https://doi.org/10.13140/ RG.2.2.12141.23523
Brundtland, G. H. (1987). Our common future. Oxford University Press.
CDSB (2023). Climate Disclousure Standards Board. https://www.cdsb.net/our-story
D’Apice, V., Ferri, G., & Intonti, M. (2021). Sustainable disclosure versus ESG intensity: Is there a cross effect between holding and SRI funds? Corporate Social Responsibility and Environmental Management, 28(5), 1496-1510. https://doi. org/10.1002/csr.2111
Dimson, E., Marsh, P., & Staunton, M. (2020). Divergent ESG Ratings. Journal of Portfolio Management, 47(1), 75-87. https://doi.org/10.3905/jpm.2020.1.133
FSOC (2021). Report on Climate-Related Financial Risk. FSOC.
GFANZ (2023). Glasgow Financial Alliance for Net Zero. https://www.gfanzero.com/
IFRS (2023). IFRS. https://www.ifrs.org/about-us/who-we-are/
IPCC (2018). Global Warming of 1.5°C. An ipcc Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty. https://doi.org/10.1017/9781009157940.
IPCC (2021). Climate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change. https://doi.org/10.1017/9781009157896.
IPCC (2022). Mitigation of Climate Change. Contribution of Working Group III to the Seventh Assessment Report of the Intergovernmental Panel on Climate Change.
IPCC (2023). AR6 Synthesis Report: Climate Change 2023. https://www.ipcc.ch/report/sixth-assessment-report-cycle/
León, B., & Zapata, C. (2023). Gestión Moderna de Portafolio. CESA.
Markowitz, H. (1952). Portfolio Selection. Journal of Finance, 7(1), 77-91. https://doi.org/10.2307/2975974
NCA (2018). Fourth National Climate Assessment (vol. ii). Impacts, Risks and Adap¬tation in the United States. NCA. https://nca2018.globalchange.gov/ chapter/front-matter-about/
Net Zero Managers Initiative (2023). Net Zero Managers Initiative. https://www.net-zeroassetmanagers.org/
Net Zero Financial Service Providers Alliance (2023). Net Zero Financial Service Providers Alliance. https://www.netzeroserviceproviders.com/
NGFS (2019). A Sustainable and Responsible Investment Guide for Central Banks Port-folio Management. Technical Document.
NGFS (2020). Progress Report on the Implementation of Sustainable and Responsible Investment Practices in Central Banks Portfolio Management. Technical Document.
NOAA (2023). 2022 U.S. billion-dollar weather and climate disasters in historical context. NOAA. Science & Information for a Climate–Smart Nation.
NOAA (n. d.). United States Billion-Dollar Disaster Events 1980-2023. https://www.ncei.noaa.gov/access/billions/time-series
OFR (2022). Annual Report to Congress 2022. https://www.financialresearch.gov/ annual-reports/2022-annual-report/
Paris Aligned Asset Owners (2023). Paris Aligned Asset Owners. https://www.pari-salignedassetowners.org/
PRI (2021). Annual Report 2021. UNEPFI and UN Global Compact.
Refinitiv (2022). Environmental, Social and Governance Scores from Refinitiv. https:// www.refinitiv.com/content/dam/marketing/en_us/documents/ methodology/ refinitiv-esg-scores-methodology.pdf
Slater, T., Lawrence, I. R., Otosaka, I. N., Shepherd, A., Gourmelen, N., Jakob, L., …, & Nienow, P. (2021). Review Article: Earth’s Ice Imbalance. The Cryosphere, 15, 233-246. https://doi.org/10.5194/tc-15-233-2021
S&P Global (2021). ESG funds beat out S&P 500 in 1st year of covid-19; how 1 fund shot to the top. https://www.spglobal.com/marketintelligence/ en/news-insights/ latest-news-headlines/esg-funds-beat-out-s-p-500-in-1st-year-of-covid-19-how-1- fund-shot-to-the-top-63224550
Svartzman, R., & Oman, W. (2021). Sustainable Finance: Current Needs, Measures and Impact. Review of International Political Economy, 29(3), 844-869. https:// doi.org/10.1080/09692290. 2019.1619445
Task Force on Climate-Related Financial Disclosures (TCFD) (2017). Recommendations of the Task Force on Climate-related Financial Disclosures. TCFD.
UNEPFI (22 de noviembre de 2023). Principles for Responsible Banking. https://www. unepfi.org/
UNEPFI (2023a). Principles for Responsible Investment. https://www.unepfi.org/inves-tment/investment/
UNEPFI (2023b). Principles for Responsible Insurance. https://www.unepfi.org/insu-rance/insurance/
UNEPFI (2023c). Principles for Responsible Banking. https://www.unepfi.org/banking/bankingprinciples/
UNEPFI (2023d). Net-Zero Banking Alliance. https://www.unepfi.org/net-zero-banking/
UNEPFI (2023e). UN–Convened Net – Zero Asset Owner Alliance. https://www.unepfi. org/net-zero-alliance/
UNEPFI (2023) (f). Net – Zero Insurance Alliance. https://www.unepfi.org/net-zero-insurance/
UNFCCC (2015). Paris Agreement. UN Climate Change. https://unfccc.int/sites/default/files/english_paris_agreement.pdf
UNFCCC (2021). cop26 Explained. UN Climate Change. https://icc.se/wp-content/ uploads/2021/06/Annex-iii _ cop26-Explained.pdf
UNFCCC (2021). The Climate Finance Delivery Plan: Meeting the US$100 Billion Goal. https://ukcop26.org/wp-content/uploads/2021/10/Climate-Finance-Delivery- Plan-1.pdf
UN Conference of the Parties (2021). Report of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement on its third session, held in Glasgow from 31 October to 13 November 2021. United Nations Framework Convention on Climate Change.
dc.rights.spa.fl_str_mv Oscar Eduardo Reyes - 2024
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.uri.spa.fl_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0
rights_invalid_str_mv Oscar Eduardo Reyes - 2024
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by-nc-sa/4.0
eu_rights_str_mv openAccess
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad Externado de Colombia
dc.source.spa.fl_str_mv https://revistas.uexternado.edu.co/index.php/odeon/article/view/9338
institution Universidad Externado de Colombia
bitstream.url.fl_str_mv https://bdigital.uexternado.edu.co/bitstreams/ba08250f-7929-43e2-a57d-7cb668cfc11f/download
bitstream.checksum.fl_str_mv a03781a1ac2a71746c6cd65ae04d6506
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Universidad Externado de Colombia
repository.mail.fl_str_mv metabiblioteca@metabiblioteca.org
_version_ 1814100376004067328
spelling Reyes, Oscar Eduardo2024-03-21T11:15:55Z2024-06-07T07:31:20Z2024-03-21T11:15:55Z2024-06-07T07:31:20Z2024-03-21La intensidad y frecuencia de los desastres climáticos vienen aumentado drásti­camente durante la última década, con una tendencia que parece va a continuar en ascenso. Los costos asociados a estos eventos también se incrementan cada vez más. Además, se asume que este tipo de desastres climáticos están estre­chamente relacionados con el cambio climático al que nos enfrentamos como humanidad. En este escenario, el sector financiero juega un papel clave en la forma en que gestiona las acciones contra el cambio climático; por lo tanto, cuanto más fuertes sean sus impactos, más rápido deben implementarse estas acciones. Sin embargo, existe un rezago entre la prioridad de la necesidad de acciones y las acciones que realmente se están implementando. Se han pre­sentado algunos estándares de riesgo, pero aún existe una notable dificultad en comprender y modelar la incertidumbre de los impactos futuros del cambio climático. En este contexto, se necesitan otros tipos de esfuerzos, desde una perspectiva multidisciplinaria, que busquen complementar las acciones contra el cambio climático en el ámbito del sector financiero y las inversiones. En este trabajo se presenta un resumen de las principales iniciativas existentes, pero se destaca cómo, aunque responden a esfuerzos importantes y significativos a nivel corporativo, estas son de naturaleza aspiracional y voluntaria y, por lo tanto, insuficientes para abordar la necesidad mencionada. En este sentido, el artículo busca avanzar hacia la justificación de la construcción de carteras de inversión con principios de sostenibilidad ambiental.The intensity and frequency of climate disasters have been increasing dra­matically over the past decade with a trend that also appears to continue. The costs associated with these events are also becoming increasingly higher. Furthermore, these types of climate disasters are assumed to be closely related to the climate change we are facing. Under this scenario, the financial sec­tor plays a key role in the way we manage the actions against climate change. Thus, the higher the impacts of climate change, the faster the actions must be implemented. However, there is a lag between the priority of the need for actions and the actions we are implementing. Some standard risk approaches have been implemented, but there is still a remarkable difficulty in understand­ing and modeling the uncertainty of future impacts of climate change. In this context, other kind of efforts are necessary from a multidisciplinary perspec­tive that aims to complement the actions against climate change in the fields of finance and investments. We provide a brief of the main existing initiatives but highlight how, although there are important and significant efforts at corporate level, the resulting initiatives are aspirational and voluntary, and thereupon, insufficient regarding the mentioned need. In this sense, the article seeks to pave the pathway towards the justification of the construction of investment portfolios with principles of environmental sustainability.application/pdf10.18601/17941113.n25.052346-21401794-1113https://bdigital.uexternado.edu.co/handle/001/15371https://doi.org/10.18601/17941113.n25.05spaUniversidad Externado de Colombiahttps://revistas.uexternado.edu.co/index.php/odeon/article/download/9338/15631Núm. 25 , Año 2023 : Julio-Diciembre1152595ODEONBerg, F., Koelbel, J. F., & Rigobon, R. (2020). Aggregate confusion: The diver¬gence of ESG ratings. Social Sciences Research Network. https://doi.org/10.2139/ ssrn.3438533Bloomberg (2022). How Bloomberg is applying its data expertise to ESG. https://www.bloomberg.com/professional/blog/how-bloomberg-is-applying-its-data-expertise-to-esg/Bolton, P., Despres, M., Pereira Da Silva, L., Samama, F., & Svartzman, R. (2020). The Green Swan: Central banking and financial stability in the age of climate uncertainty. Bank for International Settlements. https://doi.org/10.13140/ RG.2.2.12141.23523Brundtland, G. H. (1987). Our common future. Oxford University Press.CDSB (2023). Climate Disclousure Standards Board. https://www.cdsb.net/our-storyD’Apice, V., Ferri, G., & Intonti, M. (2021). Sustainable disclosure versus ESG intensity: Is there a cross effect between holding and SRI funds? Corporate Social Responsibility and Environmental Management, 28(5), 1496-1510. https://doi. org/10.1002/csr.2111Dimson, E., Marsh, P., & Staunton, M. (2020). Divergent ESG Ratings. Journal of Portfolio Management, 47(1), 75-87. https://doi.org/10.3905/jpm.2020.1.133FSOC (2021). Report on Climate-Related Financial Risk. FSOC.GFANZ (2023). Glasgow Financial Alliance for Net Zero. https://www.gfanzero.com/IFRS (2023). IFRS. https://www.ifrs.org/about-us/who-we-are/IPCC (2018). Global Warming of 1.5°C. An ipcc Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty. https://doi.org/10.1017/9781009157940.IPCC (2021). Climate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change. https://doi.org/10.1017/9781009157896.IPCC (2022). Mitigation of Climate Change. Contribution of Working Group III to the Seventh Assessment Report of the Intergovernmental Panel on Climate Change.IPCC (2023). AR6 Synthesis Report: Climate Change 2023. https://www.ipcc.ch/report/sixth-assessment-report-cycle/León, B., & Zapata, C. (2023). Gestión Moderna de Portafolio. CESA.Markowitz, H. (1952). Portfolio Selection. Journal of Finance, 7(1), 77-91. https://doi.org/10.2307/2975974NCA (2018). Fourth National Climate Assessment (vol. ii). Impacts, Risks and Adap¬tation in the United States. NCA. https://nca2018.globalchange.gov/ chapter/front-matter-about/Net Zero Managers Initiative (2023). Net Zero Managers Initiative. https://www.net-zeroassetmanagers.org/Net Zero Financial Service Providers Alliance (2023). Net Zero Financial Service Providers Alliance. https://www.netzeroserviceproviders.com/NGFS (2019). A Sustainable and Responsible Investment Guide for Central Banks Port-folio Management. Technical Document.NGFS (2020). Progress Report on the Implementation of Sustainable and Responsible Investment Practices in Central Banks Portfolio Management. Technical Document.NOAA (2023). 2022 U.S. billion-dollar weather and climate disasters in historical context. NOAA. Science & Information for a Climate–Smart Nation.NOAA (n. d.). United States Billion-Dollar Disaster Events 1980-2023. https://www.ncei.noaa.gov/access/billions/time-seriesOFR (2022). Annual Report to Congress 2022. https://www.financialresearch.gov/ annual-reports/2022-annual-report/Paris Aligned Asset Owners (2023). Paris Aligned Asset Owners. https://www.pari-salignedassetowners.org/PRI (2021). Annual Report 2021. UNEPFI and UN Global Compact.Refinitiv (2022). Environmental, Social and Governance Scores from Refinitiv. https:// www.refinitiv.com/content/dam/marketing/en_us/documents/ methodology/ refinitiv-esg-scores-methodology.pdfSlater, T., Lawrence, I. R., Otosaka, I. N., Shepherd, A., Gourmelen, N., Jakob, L., …, & Nienow, P. (2021). Review Article: Earth’s Ice Imbalance. The Cryosphere, 15, 233-246. https://doi.org/10.5194/tc-15-233-2021S&P Global (2021). ESG funds beat out S&P 500 in 1st year of covid-19; how 1 fund shot to the top. https://www.spglobal.com/marketintelligence/ en/news-insights/ latest-news-headlines/esg-funds-beat-out-s-p-500-in-1st-year-of-covid-19-how-1- fund-shot-to-the-top-63224550Svartzman, R., & Oman, W. (2021). Sustainable Finance: Current Needs, Measures and Impact. Review of International Political Economy, 29(3), 844-869. https:// doi.org/10.1080/09692290. 2019.1619445Task Force on Climate-Related Financial Disclosures (TCFD) (2017). Recommendations of the Task Force on Climate-related Financial Disclosures. TCFD.UNEPFI (22 de noviembre de 2023). Principles for Responsible Banking. https://www. unepfi.org/UNEPFI (2023a). Principles for Responsible Investment. https://www.unepfi.org/inves-tment/investment/UNEPFI (2023b). Principles for Responsible Insurance. https://www.unepfi.org/insu-rance/insurance/UNEPFI (2023c). Principles for Responsible Banking. https://www.unepfi.org/banking/bankingprinciples/UNEPFI (2023d). Net-Zero Banking Alliance. https://www.unepfi.org/net-zero-banking/UNEPFI (2023e). UN–Convened Net – Zero Asset Owner Alliance. https://www.unepfi. org/net-zero-alliance/UNEPFI (2023) (f). Net – Zero Insurance Alliance. https://www.unepfi.org/net-zero-insurance/UNFCCC (2015). Paris Agreement. UN Climate Change. https://unfccc.int/sites/default/files/english_paris_agreement.pdfUNFCCC (2021). cop26 Explained. UN Climate Change. https://icc.se/wp-content/ uploads/2021/06/Annex-iii _ cop26-Explained.pdfUNFCCC (2021). The Climate Finance Delivery Plan: Meeting the US$100 Billion Goal. https://ukcop26.org/wp-content/uploads/2021/10/Climate-Finance-Delivery- Plan-1.pdfUN Conference of the Parties (2021). Report of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement on its third session, held in Glasgow from 31 October to 13 November 2021. United Nations Framework Convention on Climate Change.Oscar Eduardo Reyes - 2024info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.http://creativecommons.org/licenses/by-nc-sa/4.0https://revistas.uexternado.edu.co/index.php/odeon/article/view/9338Portfolio;sustainability;financial stability;ESG;climate change;climate riskportafolio;sostenibilidad;estabilidad financiera;ESG;cambio climático;riesgo climáticoReview of the Sustainability and Climate Change Initiatives Within the Line of Investment PortfoliosReview of the Sustainability and Climate Change Initiatives Within the Line of Investment PortfoliosArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTREFinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2559https://bdigital.uexternado.edu.co/bitstreams/ba08250f-7929-43e2-a57d-7cb668cfc11f/downloada03781a1ac2a71746c6cd65ae04d6506MD51001/15371oai:bdigital.uexternado.edu.co:001/153712024-06-07 02:31:20.573http://creativecommons.org/licenses/by-nc-sa/4.0Oscar Eduardo Reyes - 2024https://bdigital.uexternado.edu.coUniversidad Externado de Colombiametabiblioteca@metabiblioteca.org