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OECD - OECD Business and Finance Outlook 2016

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OECD Business and Finance Outlook 2016
Please cite this publication as:
OECD (2016), OECD Business and Finance Outlook 2016, OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264257573-en.
Metadata Legal and Rights ISBN 978-92-64-25758-0 epub - 978-92-64-25756-6 - photo 2
Metadata, Legal and Rights
ISBN: 978-92-64-25758-0 (epub) - 978-92-64-25756-6 (print) - 978-92-64-25757-3 (pdf)
DOI: http://dx.doi.org/10.1787/9789264257573-en
This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Photo credits: Cover iStockphoto.com/OttoKrause.
Corrigenda to OECD publications may be found on line at: www.oecd.org/about/publishing/corrigenda.htm.
OECD 2016
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Foreword

This is the second edition of the OECD Business and FinanceOutlook , an annual publication that presents unique data and analysisthat looks at what might affect and change, both favourably and unfavourably, tomorrows worldof business, finance and investment. This years edition focuses on doing business in afragmented world. Using analysis from a wide range of perspectives, the report addresses pastover-investment in certain industrial sectors, the reversal of the commodity supercycle and theimplications of low interest rates for corporate and institutional investors. It provides a newlook at large observed differences in productivity performance across firms and at theprofitability of clean energy projects. Different aspects of the business environment areaddressed, including fiscal incentives for R&D innovation; foreign bribery regimes; andinvestment treaties. The publication also analyses life expectancy around retirement age acrossdifferent socio-economic groups and its implications for both social justice and thesustainability of pension systems.

TheOutlook is complemented by a sister publication, the OECD Business and FinanceScoreboard 2016. The Scoreboard contains indicators and data thatsupport analysis of developments in the financial markets and corporate sector.

The 2016 OECD Business and Finance Outlook is the joint work of staff of the OECD Directorate for Financial and EnterpriseAffairs. It has benefited from contributions from national government delegates and other parts ofthe OECD Secretariat. was co-authored bystaff of the OECD Centre for Tax Policy and Administration and the OECD Directorate for Science,Technology and Innovation.

Acronyms and abbreviations
ABS
Asset-backed security
ACWI
All Country World Index
ADV
Advanced economies
ALM
Asset-liability management
ATSs
Alternative trading systems
BATS
Bats Global Markets
BEPS
Base erosion and profit shifting
BIT
Bilateral investment treaty
BMD4
4th edition of the OECD Benchmark Definition of Foreign Direct Investment
BNEF
Bloomberg New Energy Finance
BO
Buyout
BoP
Balance of payment
BRIICS
Brazil, Russia, India, Indonesia, China, and South Africa
CAPEX
Company sales and capital expenditure
CAPM
Capital asset pricing model
CCGT
Combined-cycle gas turbine
CCP
Centralised clearing counter-party
CDB
China Development Bank
CEO
Chief executive officer
CETA
Comprehensive economic and trade agreement
CHX
Chicago Stock Exchange (CHX)
CIP
Covered interest parity
CITR
Corporate income tax rate
CMU
Capital market union
CO
Carbon dioxide
COD
Cost of debt
COE
Cost of equity
COK
Cost of capital
COP21
21st Conference of the Parties to the UNFCCC in December 2015 in Paris
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