当管理层持股比例在0 ~ 0.078%之间时，公司绩效随管理层持股比例的增加下降。
When the rate of managerial ownership is between 0 to 0.078 percent, corporate performance declines with the addition of the rate of managerial ownership.
现阶段中国上市公司管理层持股比例普遍偏低，使管理层持股的契约模型不能充分有效地发挥作用；
Management stock position proportion in Chinas listed company is generally low, which limits the effect of the contractual model of management stock position.
通过描述性统计分析结果可以发现，长期负债的比例远低于流动负债的比例、管理层持股比例偏低等问题。
Through descriptive statistical analysis results can be found that the proportion of long-term debt is far lower than the proportion of current liabilities, as well as the lower management's stake.
其二，管理层的股票激励，稀释了其他股东的持股比例。
The dilution of other shareholders by awards of shares to executives has increased.
其二，管理层的股票激励，稀释了其他股东的持股比例。
The dilution of other shareholders by awards of shares to executives has increased.
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