Whether ownership structure is reasonable or not greatly influences the validity of corporate governance and capital structure. At present, governance structure of our listed companies is not perfect.
股权结构是否合理，直接关系到资本结构是否合理和公司治理结构是否有效。
In concentrated ownership structure, the control right held by controlling holders of listed companies may exceed their cash flow right, which leads to the deviation of the two rights.
在集中的股权结构下，上市公司控股股东享有的控制权可能超过其持有的现金流权，造成控制权和现金流权的“两权分离”。
This paper explores the relationship between ownership structure and technical efficiency of the listed tourism companies in China.
本文探讨了我国旅游上市公司股权结构与技术效率的关系。
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