Comparism Between Private and Public Ownership: a Case Study of Nigerian Breweries Plc and Pabod Beweries Ltd.
COMPARISM BETWEEN PRIVATE AND PUBLIC OWNERSHIP: A CASE STUDY OF NIGERIAN BREWERIES PLC AND PABOD BEWERIES LTD.
INTRODUCTION:
There are two types of companies which are generally identified when classifying ownerships. These are known as Private and Public companies.
PRIVATE COMPANIES-
A private company is a term used to describe a privately held limited partnership that does not report financial information to the public.
It is a business company owned by either non-governmental organizations or by a relatively small number of shareholders.
Though less visible than their publicly quoted counterparts, private companies have a major contribution to the economy of countries as was the case in 2008 in the United State of America where 144 private companies contributed about $1.6 trillion and employed about 13 million people according to Forbes.
A private ownership can be a corporation, a limited liability company, a partnership or a sole proprietorship as long as the shares are privately held and not traded publicly. Private companies do not trade shares on the public market (sell stock), so they are not required to register with the Securities and Exchange Commission (SEC). They are not required to publicly discuss financial information.
PUBLIC OWNERSHIP-
These are public liability companies that offer their securities (stock/shares, bonds, etc.) for sale to the general public, typically through a stock exchange or through market makers operating in over the counter markets. Sometimes government-owned companies are confusingly called public companies. This kind of company is better described as a publicly owned company or government-owned corporation.
For generations, public ownership was unassailable as the right way to promote the best management of a company’s short- term performances and long term health. As a worldwide equity culture blossomed during the second half of the last century, the evidence appeared everywhere: mutually
INTRODUCTION:
There are two types of companies which are generally identified when classifying ownerships. These are known as Private and Public companies.
PRIVATE COMPANIES-
A private company is a term used to describe a privately held limited partnership that does not report financial information to the public.
It is a business company owned by either non-governmental organizations or by a relatively small number of shareholders.
Though less visible than their publicly quoted counterparts, private companies have a major contribution to the economy of countries as was the case in 2008 in the United State of America where 144 private companies contributed about $1.6 trillion and employed about 13 million people according to Forbes.
A private ownership can be a corporation, a limited liability company, a partnership or a sole proprietorship as long as the shares are privately held and not traded publicly. Private companies do not trade shares on the public market (sell stock), so they are not required to register with the Securities and Exchange Commission (SEC). They are not required to publicly discuss financial information.
PUBLIC OWNERSHIP-
These are public liability companies that offer their securities (stock/shares, bonds, etc.) for sale to the general public, typically through a stock exchange or through market makers operating in over the counter markets. Sometimes government-owned companies are confusingly called public companies. This kind of company is better described as a publicly owned company or government-owned corporation.
For generations, public ownership was unassailable as the right way to promote the best management of a company’s short- term performances and long term health. As a worldwide equity culture blossomed during the second half of the last century, the evidence appeared everywhere: mutually