Publications & Documents


  • 4-February-2016

    English

    Broadening the Ownership of State-Owned Enterprises - A Comparison of Governance Practices

    The State continues to remain an important shareholder in listed companies worldwide, especially among emerging economies, which rely increasingly on mixed-ownership models. With the benefit of hindsight and more recent examples, this book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails. Drawing from the experiences of five economies (People's Republic of China, India, New Zealand, Poland and Turkey), the book concludes that broadened ownership generally has a positive impact on the governance and performance of these companies. However, country practices show that the act of listing cannot guarantee that these companies are completely averse to State interests; and deviations from sound corporate governance practices, as enshrined in the OECD Guidelines on Corporate Governance of SOEs, can in some cases, raise concerns with regards to non-State shareholder rights, commercial orientation, board independence, conflicting State objectives, transparency, disclosure and more.

  • 3-February-2016

    English

    Opportunities and limitations of public equity markets for SMEs

    This article on public equity financing for SMEs complements earlier OECD work on market-based finance for SMEs. The development of this market segment could promote investment in SMEs and, together with securitisation and other non-bank debt financing instruments, encourage an enhanced allocation of risk and risk taking, and thus support growth.

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  • 3-February-2016

    English

    Financial instruments for managing disaster risks related to climate change

    This article addresses the potential implications of climate change for the financial management of disaster risks. It outlines the contribution of insurance to reducing the economic disruption of disaster events and policy approaches to supporting the penetration of disaster insurance coverage and the capacity of insurance markets to absorb disaster risks.

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  • 3-February-2016

    English

    Finance and climate: The transition to a low-carbon and climate-resilient economy from a financial sector perspective

    Climate change is a major political and economic challenge. This paper sketches out its relevance for the financial sector. Necessary low-carbon investments imply a significant yet manageable financing gap. Beyond capital mobilisation that has attracted most attention until now, the main challenge is ensuring a transition-consistent capital reallocation.

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  • 3-February-2016

    English

    Financial education and the long-term integration of refugees and migrants

    This brochure looks at how financial education can contribute to longer term policies aimed at facilitating the integration of refugees. The provision of financial education, as a complement to supply-side financial inclusion initiatives as well as other education and health support, can support refugees and migrants by facilitating social and labour market inclusion as well as improve their (financial) well-being.

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  • 31-January-2016

    English

    Mortality and Life Expectancy - Longevity Risk

    This project assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy.

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  • 14-décembre-2015

    Français

    Le financement climatique en 2013-2014 et l'objectif des 100 milliards de dollars - Rapport de l'OCDE établi en collaboration avec Climate Policy Initiative

    Les pays développés se sont engagés à mobiliser ensemble 100 milliards USD par an d’ici à 2020 afin de financer les efforts de lutte contre le changement climatique dans les pays en développement. Cinq ans après l’annonce de cet engagement, qui a été faite à Copenhague en 2009 lors de la COP15, et six ans avant la date butoir de 2020, ce rapport présente un état des lieux du financement climatique mobilisé à cette fin par les pays développés en 2013 et 2014. Des avancées non négligeables ont été réalisées vers cet objectif. Selon les estimations préliminaires que présente ce rapport, le financement climatique a atteint 62 milliards USD en 2014 et 52 milliards USD en 2013, ce qui équivaut à une moyenne de 57 milliards USD par an pour ces deux années. Le rapport s‘attache à faire preuve de transparence et de rigueur dans l’analyse des données disponibles et le choix des hypothèses et des méthodes sous-jacente, malgré les limites que peut imposer un exercice de notification globale. Les approches méthodologiques et les activités de collecte de données nécessaires pour étayer l’élaboration d’estimations de cette nature vont en s’améliorant. Comme le souligne le rapport, il reste néanmoins des efforts importants à faire pour parvenir à établir des estimations plus complètes et plus justes à l’avenir. L’OCDE et CPI sont prêts à appuyer cet effort.

  • 10-December-2015

    English

    COP21 session: Governance of institutional investments and climate change

    This OECD-UNEP COP21 session will explore whether the governance of institutional investments, including in particular any applicable fiduciary standards, adequately considers climate change-related risks and green finance opportunities, and whether guidelines may be needed in this area to support investment decision-making.

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  • 10-December-2015

    English

    Rethinking fiduciary duty for a more sustainable planet

    If we want to get serious about unlocking green investment, we need to get serious about systematically integrating climate risks into our understanding of fiduciary duty.

  • 10-December-2015

    English

    Currency-based measures targeting banks - Balancing national regulation of risk and financial openness

    This paper reviews currency-based measures (CBMs) directed at banks in 49 countries between 2005 and 2013. These measures apply a discrimination, such as less favourable treatment, on the basis of the currency of an operation, typically foreign currencies. The new data shows that CBMs have been increasingly used in the post-crisis period, including for macro-prudential purposes.

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