Government Sponsored Enterprise

(redirected from Government-Owned Enterprise)

Government Sponsored Enterprise

A privately held or publicly traded company created by the U.S. Government for some purpose thought to benefit the American economy. For example, Freddie Mac was originally a GSE created to encourage homeownership among middle class and working class Americans. Because it is "sponsored" but not owned by the government, GSE stocks carry higher risk than, say, Treasury securities, which are backed by the full faith and credit of the United States. However, GSEs have an implicit guarantee that the government will not allow them to fail. Indeed, when Fannie Mae and Freddie Mac collapsed in 2008 they almost instantly received federal assistance.
References in periodicals archive ?
"What remains unclear, however, is whether Section 11, Article XII permits a situation where a foreign State, acting through its government-owned enterprise, can own any part of a government utility," he added.
In Chapter 6, Wannathepsakul invites the reader to an immersion into elite networks in two holding companies in the energy sector: PTT Pcl, a partially privatized state-owned enterprise (SOE) specializing in petroleum; and the Electricity Generating Authority of Thailand (EGAT), a fully government-owned enterprise. While the holdings are subject to laws regulating SOEs, their subsidiaries are subject to either to public or private laws.
* With very few exceptions, including Airbnb as noted below, all business in Cuba must be conducted directly with the Cuban government or a Cuban government-owned enterprise, of which there are several important ones, such as CIMEX and TRD.
Goznak is a Russian government-owned enterprise responsible for the production of coins and banknotes.
AVIC Auto is wholly owned by Aviation Industry Corporation of China (unrated), a Chinese central government-owned enterprise.
Pertamina will operate the Mahakam block from January 2018 and will share a 70 per cent participating interest with a regional government-owned enterprise, Said said, noting that this stake would not exceed 10 per cent.
PAL was also affected by high operating costs carried over from its days as a government-owned enterprise, as well as soaring fuel costs: its single largest expense item, accounting for approximately half of its operating expenses.
13, 2012 (CENS)--Taiwan Fertilizer Co., Ltd., a government-owned enterprise, plans to relocate its three plants in Taiwan to Southeast Asia to set a precedent in its 66-year history, according to chairman F.H.
In 1989 Skoda Auto Works in Bratislava was a sleepy, government-owned enterprise producing cars with a reputation for poor quality that wasn't that different from Czechoslovakia's reputation in general.
25 -- IBM (NYSE: IBM) today announced that HPCL- Mittal Energy Limited (HMEL), a joint venture between Hindustan Petroleum Corporation Limited, an Indian government-owned enterprise, and Mittal Energy Investments Pte Ltd, Singapore, a Lakshmi N Mittal Group Company, has selected IBM as its strategic partner in the design and implementation of a state-of-the-art Manufacturing Execution System (MES) for their zero residue refinery.
The Kupol mine and the East and West exploration licences are owned by the Chukotka Mining & Geological Company, in which Kinross holds 75% and the rest is owned by a local government-owned enterprise.
China's growing economic importance is demonstrated very forcefully by the acquisition of MG Rover by Nanjing Automobile Group, which is a government-owned enterprise rather than a private business.

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