Internal Regulation : The Effects of Government Ownership on the Value of the Firm

Mixed public and private ownership is common in Europe and Asia but a relatively new phenomenon in North America. Government purchase of shares in private corporations has become increasingly frequent in Canada in particular. Mixed enterprise differs fundamentally from total public ownership and various types of regulation; in a sense, direct stock ownership is firm-specific or internal regulation of the firm. Recent research has yet to evaluate the effect of such a policy