public ownership

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Related to Government ownership: Government Owned Corporations

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

References in periodicals archive ?
NBY's Support rating was maintained at '3', reflecting full government ownership combined with moderate capacity of the government to support the banking sector.
Its role in broadening the domestic bond market and its majority government ownership increase the likelihood of federal support for the company, MARC noted.
The ratings reflect the moderate size, majority government ownership and above-average financial profile of Andhra Bank (AB), which is amongst the 20 largest banks in India in terms of assets and has about 1.
The IDRs of GR are in tune with Georgia's sovereign ratings, incorporating the company's strong relations with the government, as evidenced by its 100% government ownership, its importance to the economy as the major contributor to the state budget and employer, its dominance of Georgia's freight transportation sector, its strategic importance as the regional transit corridor and government support for its two key investment projects, Fitch added.
The AW Airline 25" covers carriers whose government ownership does not exceed 50 percent.
The rating reflects its government ownership and long experience in providing financial support to key development sectors, which reinforces the belief that it will continue to receive the necessary regulatory and government backing to maintain its strategic role in the Malaysian economy.
The long-term and short-term IDRs take into account the country's government ownership of B&B, which also backs the support rating of 1, Fitch said.
After two years under government ownership, and following an injection of approximately $400 million, the institution was privatized toward the end of 1996.
The rating factors in Corporation Bank's long track record of operations, government ownership, comfortable capitalisation, healthy asset quality and consistent growth.
policies on foreign investment in telecommunications companies like VoiceStream, including investment by companies with government ownership, are sound and ensure protection of American interests.
The rating factors in the lender's long track record, government ownership, adequate capitalisation levels, diversified risk profile, excellent operating efficiency and consistent growth.
Direct or indirect federal government ownership of Eletrobras amounts to 68.

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