Equity concentration ratio CR5 which is the sum of shares of the leading five shareholders and corporate performance present an inverse-U shape.
农业样本上市公司前五大股东持股比例总和CR5所代表的股权集中度与公司绩效呈现倒U型特征；
While companies with lower liabilities, lower equity concentration, and the corporate nature is private are more likely to use restricted stocks.
资产负债率低、股权集中度低、公司性质为民营的公司更有可能使用限制性股票。
This means that the cross-reaction of the stock equity concentration degree and the non-executive director ratio are negatively correlated to the company performance.
即股权集中度与非执行董事比例的交叉反应与公司绩效正相关，负债率与非执行董事比例的交叉反应与公司绩效负相关。
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