public ownership

(redirected from Nationalised industry)
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Related to Nationalised industry: nationalize

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 ?
Mrs Hewitt will say: "You don't solve a problem by proposing that a modern health service becomes run like a 60s nationalised industry."
I have no idea whether this would be the case or not, although the chronic lack of investment which is evident in any nationalised industry leads me to believe not.
"We need chiefs who are going to be effective at running a nationalised industry and not just giving them jobs for the boys.
Ivan Toms set up his own print firm in Bridgend following a successful career as a senior manager in nationalised industry. His business was selected as a role model company for the Entrepreneurship Action Plan for Wales.
But lawyers acting for the victims say claims are being blocked by the once mighty nationalised industry.
Of course, we wouldn't be in this situation if Lady Thatcher hadn't broken up the Central Electricity Generating Board, which was one of the most efficient and profitable in the world, but was a nationalised industry.
Nationalised industry and precious utilities were privatised under the pretext that heavy subsidy was wasteful, only to emerge as heavily subsidised private industry given a licence to extort which they continue to do.
May I suggest that it is D Allan who needs to get his facts right for the last UK nationalised industry to be sold was under New Labour - the atomic electricity plants.
All nationalised industry was overmanned and losing money and still losing millions a day in old money.
Since this was probably the only nationalised industry likely to make a profit hackles were raised, and the government, already two years into its term of office, was in a hurry.
This scenario is starting to sound a little too much like the story of the Government's handling of the railways - another former nationalised industry now in desperate need of modernisation.
``The Royal Mail is a nationalised industry and if Ministers really believe in `joined up'government they should act now before the public are left having to pick up the purse by paying more subsidy to the railways for no environmental gain,''he said.