OECD Corporate Governance Working Papers

Who Cares? Corporate Governance in Today's Equity Markets
2223-0939 (online)
Hide / Show Abstract
OECD Corporate Governance Working Papers provide timely analysis and information on national and international corporate governance issues and developments, including state ownership and privatisation policies. The working paper series is designed to make select studies by the OECD Corporate Governance Committee, OECD staff members and outside consultants available to a broad audience.
Hide / Show all Abstracts
Mark Number Date TitleClick to Access
  N° 8   19 Apr 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/who-cares-corporate-governance-in-today-s-equity-markets_5k47zw5kdnmp-en
  • READ
Who Cares? Corporate Governance in Today's Equity Markets
Mats Isaksson, Serdar Çelik
There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of...
  N° 5   01 Aug 2011 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/the-size-and-composition-of-the-soe-sector-in-oecd-countries_5kg54cwps0s3-en
  • READ
The Size and Composition of the SOE Sector in OECD Countries
Hans Christiansen
This working paper summarises the main findings of a data collection exercise documenting the size of the national state-owned enterprise (SOE) sectors in OECD countries (in terms of number, employment and economic value of enterprises), and provides a breakdown by main sectors and types of...
  N° 3   01 Aug 2011 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/the-exercise-of-shareholder-rights_5kg54d0l1lvf-en
  • READ
The Exercise of Shareholder Rights
Paul Hewitt
The scope of this research is to examine the degree to which investors use their share voting rights to register their concerns with companies on corporate issues. Analysis has been hindered by poor disclosure by companies of turnout figures and more nuanced reporting of resolution outcomes...
  N° 18   01 Sep 2015 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/stocktaking-of-anti-corruption-and-business-integrity-measures-for-southern-african-soes_5jrtd6fghvf1-en
  • READ
Stocktaking of Anti-Corruption and Business Integrity Measures for Southern African SOEs
Mary Crane-Charef
This report aims to provide an overview of business integrity and anti-bribery legislation, policies and practices applicable to state-owned enterprises (SOEs) operating across the Southern African Development Community (SADC) region. Part 1 provides a rationale for considering the impact that...
  N° 13   10 Mar 2014 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/state-owned-enterprise-governance_5jzb5zntk5r8-en
  • READ
State-owned Enterprises in Southern Africa
Sara Sultan Balbuena
This report is the first known stocktaking of its kind to provide a regional overview of state-owned enterprise (SOE) governance reforms and challenges across the Southern African Development Community (SADC) region. Part One summarises the challenges and governance practices related to...
  N° 14   30 July 2014 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/state-invested-enterprises-in-the-global-marketplace-implications-for-a-level-playing-field_5jz0xvfvl6nw-en
  • READ
State-Invested Enterprises in the Global Marketplace: Implications for a Level Playing Field
Hans Christiansen, Yunhee Kim
State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s legal...
  N° 10   11 July 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/making-stock-markets-work-to-support-economic-growth_5k43m4p6ccs3-en
  • READ
Making Stock Markets Work to Support Economic Growth
David Weild, Edward Kim, Lisa Newport
This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus...
  N° 11   03 Dec 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/institutional-investors-as-owners_5k3v1dvmfk42-en
  • READ
Institutional Investors as Owners
Serdar Çelik, Mats Isaksson
This paper provides a framework for analysing the character and degree of ownership engagement by institutional investors. It argues that the general term "institutional investor" in itself doesn’t say very much about the quality or degree of ownership engagement. It is therefore an evasive...
  N° 17   07 Aug 2015 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/how-is-corporate-governance-in-japan-changing_5jrw7j3s37hh-en
  • READ
How is corporate governance in Japan changing?
Ryoko Ueda
This research analyses the improvements to corporate governance within Japanese listed companies and the influence of institutional shareholders. Firstly, in order to analyse the external factors that have promoted the recent corporate governance reform, the report starts with an overview of...
  N° 2   01 May 2011 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/enhancing-the-role-of-the-boards-of-directors-of-state-owned-enterprises_5kg9xfg6n4wj-en
  • READ
Enhancing the Role of the Boards of Directors of State-Owned Enterprises
W. Richard Frederick
This Working Paper summarises the main findings of an interview exercise that was conducted with the Chairs and other key board members in state-owned enterprises (SOEs) owned by OECD member governments. The work was part of an ongoing exercise in developing OECD best practices for organising...
  N° 9   11 July 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/disclosure-of-beneficial-ownership-and-control-in-indonesia_5k43m4pdrj36-en
  • READ
Disclosure of Beneficial Ownership and Control in Indonesia
Fianna Jurdant
A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. The protection of minority investors and other stakeholder protection will be challenging without access to reliable information about the...
  N° 15   30 Sep 2014 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/corporate-governance-enforcement-in-the-middle-east-and-north-africa_5jxws6scxg7c-en
  • READ
Corporate Governance Enforcement in the Middle East and North Africa
Alissa Amico
Corporate governance frameworks in the Middle East and North Africa region have undergone a substantial evolution in the past decade. Better enforcement of corporate governance rules and regulations has in the past three years emerged as both a policy challenge and a priority for the region....
  N° 16   12 Feb 2015 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/corporate-bonds-bondholders-and-corporate-governance_5js69lj4hvnw-en
  • READ
Corporate Bonds, Bondholders and Corporate Governance
Serdar Çelik, Gül Demirtaş, Mats Isaksson
Worldwide, primary corporate bond markets have become an increasingly important source of financing for non-financial companies. This trend is coupled with a relative decrease in traditional bank lending to non-financial companies and low levels of bond interest rates. Just as shareholders,...
  N° 19   06 Apr 2016 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/concerns-related-to-the-internationalisation-of-state-owned-enterprises_5jm0xvx0b223-en
  • READ
Concerns Related to the Internationalisation of State-Owned Enterprises
Sara Sultan Balbuena
The rise in state-owned enterprises (SOEs) as growing actors in international trade and investment has received renewed attention in recent years, not least due to controversy that has arisen over SOE foreign investments. This has raised the profile of these issues with policy makers and tilted...
  N° 4   01 Aug 2011 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/competitive-neutrality-and-state-owned-enterprises-in-australia_5kg54cxkmx36-en
  • READ
Competitive Neutrality and State-Owned Enterprises in Australia
Matthew Rennie, Fiona Lindsay
This working paper provides a comprehensive overview of the competitive neutrality framework of the Australian Commonwealth as well as individual States. It reviews the history behind the framework and provides examples of cases brought before the respective complaints handling offices....
  N° 1   01 May 2011 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/competitive-neutrality-and-state-owned-enterprises_5kg9xfgjdhg6-en
  • READ
Competitive Neutrality and State-Owned Enterprises
Antonio Capobianco, Hans Christiansen
Competitive neutrality implies that no business entity is advantaged (or disadvantaged) solely because of its ownership. The Paper argues that far from all SOEs have the opportunity or the incentives to act in an anti-competitive way, and a trend in recent decades toward more fully corporatised...
  N° 12   03 Dec 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/colombian-soes-a-review-against-the-oecd-guidelines-on-corporate-governance-of-state-owned-enterprises_5k3v1ts5s4f6-en
  • READ
Colombian SOEs: A Review Against the OECD Guidelines on Corporate Governance of State-owned Enterprises
Héctor Lehuedé
This report evaluates the corporate governance practices of Colombian SOEs against the OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The assessment was prepared based on information provided by the Colombian authorities, an analysis of the available literature and...
  N° 7   18 Jan 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/beneficial-ownership-and-control_5k4dkhwckbzv-en
  • READ
Beneficial Ownership and Control
Erik P.M. Vermeulen
Investor confidence in financial markets depends in large part on the existence of an accurate disclosure regime that provides transparency in the beneficial ownership and control structures of publicly listed companies. This is particularly true for corporate governance systems that are...
  N° 6   18 Jan 2013 Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/balancing-commercial-and-non-commercial-priorities-of-state-owned-enterprises_5k4dkhztkp9r-en
  • READ
Balancing Commercial and Non-Commercial Priorities of State-Owned Enterprises
Hans Christiansen
The overarching question for the government owners of state-owned enterprises (SOEs) is why these companies need to be owned by the state. The OECD Guidelines on Corporate Governance of State-Owned Enterprises provides a "blueprint" for the corporatisation and commercialisation of such...
Add to Marked List
Visit the OECD web site