public ownership

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Public ownership

The portion of a company's stock that is held by the public.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

public ownership

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
"These proposals for state ownership of the energy networks would only serve to delay the huge amount of progress and investment that is already helping to make this country a leader in the move to green energy," National Grid said in a statement.
First, we theorize about the effects of state ownership on the internationalization of domestic multinationals in democratic states using a theoretical framework that unifies existing empirical research in authoritarian and democratic states.
Worsening inequality brought about by the unbalanced growth is further compounded by stubborn state ownership in an authoritarian market economy, such as behemoth state-owned enterprises and their unconstrained rent-seeking behavior, endemic corruption, and vested interests.
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."
13 ( ANI ): Chinese leaders have promised that markets would play a leading decisive role in allocating resources, and added that state ownership would remain a pillar of the economy, following the closed-door "Third Plenum" meeting.
We can see now that actually the Conservatives are in favour state ownership, just not UK state ownership."
The EC also stressed the cross-ownership of state-owned enterprises and said that the National programme does not provide details of measures (which firms will remain state owned and the time schedule) to tackle large state ownership and corporate deleveraging.
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But bosses yesterday admitted merger talks had failed amid reports that the British, French and German governments couldn't agree over the level of state ownership in a combined firm.
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.
Britain is also concerned that significant state ownership could jeopardise BAE's US business, with America seen as being against Paris or Berlin having too much influence in the company's operations.(End) mrn.asa KUNA 101343 Oct 12NNNN

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