世界银行-国有企业股利支付政策与实践（英）

Dividend payments by state-owned enterprisesPolicies and practicesPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure Authorized2  DIVIDEND PAYMENTS BY STATE-OWNED ENTERPRISES © OECD/WORLD BANK 2024 Please cite as: OECD/World Bank (2024), Dividend payments by state-owned enterprises: Policies and practices. OECD Business and Finance Policy Papers, OECD Publishing, Paris, https://doi.org/10.1787/bf84ff64-en. This report addresses the importance of dividend policies for jurisdictions with profitable or potentially profitable state-owned enterprises (SOEs), against the background of current challenges in public finances and increasing pressures on SOEs to contribute revenues to the public purse. It explores how, and subject to what criteria, state-owners decide how much profit to distribute versus retain for future investments in commercially oriented SOEs where the state is a major shareholder. The report further attempts to establish good practices for dividend policies, and offers guidance to support state ownership entities in setting such policies. © OECD/World Bank 2024. For the OECD, 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 the Member countries of the OECD or those of the World Bank, its Board of Executive Directors, or the governments they represent. For The World Bank, the findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The names and representation of countries and territories used in this joint publication follow the practice of the OECD. This document, as well as any data and map, or colors, denominations, links/footnotes and other information included herein are without prejudice to the legal 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; and do not imply any judgment or the endorsement or acceptance of such boundaries on the part of the OECD or the World Bank. The OECD and World Bank do not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. 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. The citation of works authored by others does not mean the OECD or the World Bank endorses the views expr