public ownership

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Related to State-owned: Government ownership

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 ?
Consequently, according to the Prime Minister, state-owned enterprises remain a wet-nurse and the foundation of corruption in the country.
She added that state-owned enterprises played the chief role of a development agent.
Apart from that, the return on equity of the state-owned TPP became negative, at a 4,44%.
The charters of state-owned banks should be changed to resemble those given private banks, in order to make them competitive, said Hemmati.
The government is itself pushing for a restructuring of the state-owned sector, including cutting its credit supply and moving loans to the private sector.
Reform towards fully mixed ownership will increase, in such areas as petroleum and petrochemicals, power and telecommunications," said Zhang Chunxiao, an adviser at the State-Owned Assets Supervision and Administration Commission (SASAC).
The full piece of news was reportedly mentioned on other state-owned news outlets.
Tsai You-tsai, chairman of Mega Financial Holding, proposed at an MOF meeting last week to push mergers among subsidiaries of state-owned financial holding firms, without involving the complicated issue of merger between state-owned financial firms.
Latvijas Dzelzcels railroad company is also concerned about the idea of management of state-owned shares in companies, suggested by the Economy Ministry, said Latvijas Dzelzcels Legal and Administrative Affairs Director Vesma Upite.
More than 50 state-owned enterprises in a range of sectors, including energy, mining, transportation, construction, and textiles, would be sold off to the burgeoning Afghan private sector.
Summary: ALGIERS -- State-owned cement works should increase their production in 2010 by 500,000 tonnes to bring it to 12 million tonnes, an official of Sgp-Industrie des ciments (SGP-GICA) told APS.
The relations and media director of the province's police said that, through this operation, combined Iraqi army-police force was implementing the premier's decree to evacuate state-owned buildings that have been occupied by non-governmental sides.

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