本文通过具体分析认为：建立多个大股东制衡的股权结构是现阶段优化上市公司股权结构的最佳方案。
The forth, the author points out that nowadays in China multiple controlling shareholders is the best way to solute the problem of share structure.
基于股权结构内生性视角，对形成多个大股东相互制衡的股权结构之影响因素及此类股权结构对公司价值的影响进行了经验检验。
Based on endogeneity of ownership structure, this paper empirically analyzes the factors resulting in presence of multiple large shareholders and its effects on firm value.
其他大股东的制衡能力越强，公司并购绩效越好。
When other big shareholders of listed company possess strong equity restriction, the performance is relatively better.
其他大股东的制衡能力越强，公司并购绩效越好。
When other big shareholders of listed company possess strong equity restriction, the performance is relatively better.
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