This policy note provides an overview of such measures that individually or in combination may be used to bridge the financing gap for the corporate sector and make sure that productive capacity is maintained to support the recovery from the COVID-19 crisis.
This note provides an overview of some corporate governance and capital markets-related measures that 37 jurisdictions have taken in response to the economic crisis caused by the COVID-19 outbreak.
This policy brief addresses government measures regarding state-ownership in response to the COVID-19 outbreak.
English, PDF, 344kb
The state continues to exercise considerable influence on the Greek economy. According to the OECD’s Product Market Regulation indicator, Greece has one of the highest degrees of state control in the productive sectors across OECD countries.
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Ensuring that SOEs perform efficiently – and on a level playing field with private competitors – is crucial for allocative efficiency in the broader economy and sound management of public resources. Making sure that SOEs operate in a clean and transparent manner is critical for maintaining citizens’ trust in the institutions which have been tasked with overseeing SOEs on their behalf.
English, PDF, 350kb
South Africa conducted a comprehensive review of its state-owned enterprise sector in 2012, initiated at the request of the Presidency. Implementation of the review’s recommendations is now of critical importance and can be supported by adopting international best practices.
English, PDF, 355kb
OECD work suggests that Slovenia’s model for economic growth has suffered from both corporate governance weaknesses and heavy reliance on state involvement in the economy. Despite some recent privatisation efforts, Slovenia’s degree of state ownership in the economy remains one of the highest in the OECD,
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The Japanese economy has for many years been characterised by a low corporate return on equity. Increasing returns requires better corporate governance that improves investment and the use of corporate resources, including cash holdings.
English, PDF, 360kb
Poor corporate governance was identified as a major factor in Indonesia’s economic crisis in 1997. Since then a wide range of laws and regulations have been introduced and standards developed. Sound corporate governance will reassure stakeholders that their rights are protected, thus building confidence and trust in doing business in Indonesia.
English, PDF, 357kb
Infrastructure investment in Indonesia was seriously impaired by the 1997 Asian financial crisis. Indonesia plans to increase investment sharply through both public spending and private finance. Yet, Indonesia lacks suitable long-term investment vehicles and capital markets are still developing.