‌OECD Project

The increasingly short supply of long-term capital since the 2008 financial crisis has profound implications for growth and financial stability. The aim of this project is to facilitate long-term investment by institutional investors such as pension funds, insurance companies, and sovereign wealth funds, addressing both potential regulatory obstacles and market failures.

Why is long-term investment important?

Patient capital allows investors to access illiquidity premia, lowers turnover, encourages less pro-cyclical investment strategies and therefore higher net investment rate of returns and greater financial stability.
 
Engaged capital encourages active voting policies, leading to better corporate governance.
 
Productive capital provides support for infrastructure development, green growth initiatives, SME finance etc., leading to sustainable growth.

Documents

• ‌Overview brochure (pdf)
• Project Update, May 2013 (pdf)
• Detailed project description, February 2012 (pdf)
• Project background: Promoting longer-term investment by institutional investors: selected issues and policies, 2011 (pdf)

Contacts                                               

Juan Yermo (tel: +33 1 4524 9661 | juan.yermo@oecd.org)

Raffaele Della Croce (tel: +33 1 4524 1411 | raffaele.dellacroce@oecd.org)

New analytical paper - Long-term investment, the cost of capital and the dividend and buyback puzzle (pdf) 

  G20-OECD work on
  long-term financing

Project research - Access the data and policy research related to this project.

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Project meetings - Information about events related to this project.

www.oecd.org/finance/lti