The Governing Board of the Public Corporation

Creating partnerships between school districts and universities are seen as a way to attain educational renewal. One such partnership exists between the BYU College of Education and the public schools in Central Utah. Following the naturalistic inquiry technique, this study attempted to evaluate the partnership participants' feelings and the extent to which the organization affected those feelings. The study showed that there is an undue need for control of others by members of the Governing Board of the Partnership, manifested in a structure of domination, at the cost of positive feelings and the mutual goodwill of partners. Besides being incongruent with partnership philosophy, this controlling behavior has created a sense of lack of care by the organization. The article suggests ways to resolve this problem.

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Is the US Public Corporation in Trouble?

The Journal of Economic Perspectives ◽

10.1257/jep.31.3.67 ◽

2017 ◽

Vol 31 (3) ◽

pp. 67-88 ◽

Cited By ~ 64

Author(s):

Kathleen M. Kahle ◽

René M. Stulz

Keyword(s):

Cash Holdings ◽

Capital Expenditures ◽

Public Firms ◽

The Public ◽

Public Corporations ◽

Current State ◽

Public Company ◽

The Us ◽

Public Corporation

We examine the current state of the US public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now much larger and over the last twenty years have become much older; they invest differently, as the average firm invests more in R&D than it spends on capital expenditures; and compared to the 1990s, the ratio of investment to assets is lower, especially for large firms. Public firms have record high cash holdings and, in most recent years, the average firm has more cash than long-term debt. Measuring profitability by the ratio of earnings to assets, the average firm is less profitable, but that is driven by smaller firms. Earnings of public firms have become more concentrated—the top 200 firms in profits earn as much as all public firms combined. Firms' total payouts to shareholders as a percent of earnings are at record levels. Possible explanations for the current state of the public corporation include a decrease in the net benefits of being a public company, changes in financial intermediation, technological change, globalization, and consolidation through mergers.

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THE PUBLIC CORPORATION: ITS OWNERSHIP AND CONTROL

From Economic Man to Economic System ◽

10.1017/cbo9780511510656.014 ◽

2009 ◽

pp. 141-159

Author(s):

Harold Demsetz

Keyword(s):

The Public ◽

Public Corporation ◽

And Control

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Public Agencies and Private Agencies

American Political Science Review ◽

10.2307/1943694 ◽

1924 ◽

Vol 18 (1) ◽

pp. 34-48

Author(s):

James D. Barnett

Keyword(s):

Public Agencies ◽

Public And Private ◽

The Public ◽

Public Corporations ◽

Public Corporation ◽

Fundamental Distinction ◽

Private Corporations ◽

Legal Entities

Is there any fundamental distinction between so-called “public” and “private” agencies, officers, institutions, corporations, associations, persons—legal entities and quasi-entities of all sorts? It is the theory of the courts that such a distinction exists, but their attempts through a maze of decisions logically to establish a principle of distinction have been futile.Several bases of distinction have been adopted by the courts, including, first, the purpose or interest involved. “An office … seems to comprehend every charge or employment in which the public is interested.” Thus “private corporations are those which are created for the immediate benefit and advantage of individuals…. Public corporations are those which are created for public purposes.”However, it is held that the whole interest in the corporation must be public to make it a public corporation. “Public corporations are political corporations or such as are founded wholly for public purposes and the whole interest in which is in the public. The fact of the public having an interest in the works or property or the object of a corporation, does not make it a public corporation.”

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