Quasi-Public Corporation

What is a ‘Quasi-Public Corporation’

A type of corporation in the private sector that is backed by a branch of government that has a public mandate to provide a given service. Most quasi-public corporations began as government agencies, but have since become separate entities. It is not uncommon to see the shares of this type of corporation trade on major stock exchanges, which allows individual investors to gain exposure to the company’s profit.

Explaining ‘Quasi-Public Corporation’

For example, the Federal National Mortgage Association (Fannie Mae) is regarded as a quasi-public corporation because it operates as an independent corporation. This company operates under a congressional charter that aims to increase the availability and affordability of homeownership, but is not treated as any part of the government. Contrary to popular opinion, employees of quasi-public corporations do not work for the government.

Further Reading

  • Financial Institution Lawyers as Quasi-Public Enforcers – heinonline.org [PDF]
  • Quasi-public, quasi-private trends in emerging market economies: The case of China – www.jstor.org [PDF]
  • Legal and Economic Implications of the Emergence of Quasi-Public Wealth – heinonline.org [PDF]
  • On the Supply of the Quasi-Public Goods [J] – en.cnki.com.cn [PDF]
  • Too close for comfort: the role of the closely held public corporation in the Canadian economy and the implications for public policy – heinonline.org [PDF]
  • Public–private collaboration in the tourism sector: balancing legitimacy and effectiveness in local tourism partnerships. The Spanish case – www.tandfonline.com [PDF]
  • Accounting, economic development and financial reporting: The case of three pre-Civil War US railroads – journals.sagepub.com [PDF]
  • A public-private partnership for urban progress – heinonline.org [PDF]
  • Institutional support of agro-industrial complex entities of quasi-public sector of Kazakhstan – search.proquest.com [PDF]
  • The Financial Analysis on Educational Expenditure and its Policy Choice [J] – en.cnki.com.cn [PDF]