public ownership

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Public ownership

The portion of a company's stock that is held by the public.

Public Ownership

1. The ownership of a company represented by a stock that is traded on the open market, either on a stock exchange or on the over-the-counter market. Individual and institutional shareholders each have a portion of this public ownership, in proportion to the amount of stock they own as a percentage of all outstanding stock. Thus, shareholders have final say in all decisions made by the company and its managers, especially through its annual shareholders' meeting. Public ownership allows a company to have greater access to financing than other companies, as they have the ability to issue more stock. However, these companies are subject to greater regulation: for example, they must file 10-K reports with the SEC on their earnings, and they are more likely to be subject to corporate taxes.

2. Ownership of a company by the government. Command economies have a large number of companies under public ownership, but even free market economies have some degree of government involvement in this form. Many countries have public ownership of one or more companies that produce their main exports. For example, many oil-rich states have oil companies under partial or total public ownership.

public ownership

see NATIONALIZATION.
References in periodicals archive ?
Municipal ownership of an electric system and the council-manager form of municipal government are positively associated with high solid waste costs.
In addition to charting the labour unrest that occurred among railway workers, Labour Pains offers insight into the municipal ownership of public utilities, specifically the telephone (which continues to be municipally owned) and the electric street railway, and a number of strikes that occurred among coal handlers and those employed by the Canadian Car and Foundry Company.
22 /PRNewswire/ -- Widespread availability of broadband technology, cutting-edge innovation in the industry, stiff competition among providers, and falling prices all mean the case for municipal ownership of broadband networks is weak and growing weaker, according to a report from The Heartland Institute.
In an attempt to minimise the danger to life by fire in Birmingham's back-to-back houses, the Corporation is to experiment with an escape hatch in some of the 11,000 houses of this type in municipal ownership.
When Cleveland took over the city's utilities, the mayor, Tom Johnson, said: "I believe in municipal ownership of these monopolies because if you do not own them, they will in time own you.
As with broadband networks, municipal ownership of electric utilities began in smaller towns.
The municipal ownership idea found fertile soil on the rocky north shore of Lake Superior.
Price effects of cooperative versus municipal ownership can be found in Table IV.
Contract notice: Electricity supply in low voltage facilities and establishments of municipal ownership of the city of villanueva del pardillo.
In 1905 Birmingham was a political and economic powerhouse in the British Empire and the radical and dapper Joe Chamberlain, with orchid and monocle and outspoken republican sentiments, known by the nickname of 'the gas and water socialist' because of his contribution to put the city's gas and water supply into municipal ownership, was the uncrowned king of Birmingham.
So politically correctly the businessman referred to pressure to transfer the Metalist stadium - the home arena of the club, built for Euro 2012 under the direction of Yaroslavskiy in the format of public-private partnerships (30% of the investments from Yaroslavskiy, 50% from the state budget, and 20% from local budgets of Kharkiv city and Kharkiv region) - to municipal ownership.

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