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

References in periodicals archive ?
While state ownership per se could be construed as an ambiguous factor in influencing income inequality, (3) its unchecked use will surely lead to adverse distributional consequences.
However, previous studies on the relationship between state ownership and exporting have shown mixed findings.
For comparison, the average return on equity of more than 50% ownership of private property with more than 50% state ownership and ownership structure, and application of statistical techniques EVIEWS T-TEST is applied.
This Government is happy to have state ownership of our railways as long as it isn't by the British state, in the interests of the British people.
The boards of the two groups are understood to have met yesterday amid reports that the French, German and British Governments remain at loggerheads over the level of state ownership of the combined firm, the BBC reported Wednesday.
Under state ownership, they may have been poorly run and lacklustre but at least we could all afford to use them - look at the cost of rail fares, gas and electric now
Minister Heidi Hautala, in charge of state ownership, also said yesterday that the Finnish government would explore options for its stake in the airline, Reuters reported.
The top rating is predicated on EDC's full state ownership and status as an agent Crown corporation as well as the provision that EDC's borrowings constitute a direct obligation of the government, the rating service said.
The bank was taken into state ownership in March 2008.
Last week, the Dail passed legislation to put strict controls on the banks under State ownership.
A USD1 billion deal to buy the cable company from Washington-based Carlyle was originally agreed in September 2009, only to fall apart when the Taipei City Government s minority ownership of Taiwan Mobile was deemed to contravene laws preventing state ownership of media companies.
The case for state ownership is stronger than it might initially appear.

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