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 ?
The company considers most important among such factors, the successful integration of State Industries, the implementation of cost reduction programs at State Industries, general economic conditions, cost stability, and competitive pressures.
Our website needs were very challenging due to the variety of products offered by CSI," said John McGovern, Deputy Director for Cornhusker State Industries.
Cornhusker State Industries is the manufacturing program for the NE Department of Correctional Services.
State Industries, headquartered in Ashland City, Tenn.
The acquisition includes APCOM, a State Industries subsidiary that manufactures elements, thermostats, drain valves, and other water heater components.
In addition to the Ashland City facility, State Industries has plants in Franklin and Cookeville, Tenn.
State Industries is a major domestic producer of water heaters and related products with sales in excess of $400 million.
Virginia was awarded $258,479 to support the Clean Cities, State Industries of the Future, Rebuild America, and Federal Energy Management Program (FEMP) projects.
New Jersey was awarded $219,996 to support the Clean Cities, State Industries of the Future, and Residential Deployment projects.
West Virginia was awarded $100,000 to support the State Industries of the Future project.
Users from these four agencies can procure goods from local Michigan suppliers such as Lansing Sanitary Supply and Michigan State Industries, as well as national suppliers including Boise Cascade Office Products and Wesco.

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