【Key words】 the largest shareholders； ownership structure； corporate governance； firm performance；
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As the holding proportion of the largest shareholders increasing, the performance of security company firstly declines and then raises, and like the shape of“U”.
随着第一大股东持股比例的提高,证券公司业绩呈现出先下降后上升的变化趋势,即“U”形。
参考来源 - 我国证券公司股权结构与公司治理效率研究·2,447,543篇论文数据，部分数据来源于NoteExpress
This paper investigates the effect of the largest shareholders on corporate performance both the theoretically and empirically.
本文从理论和实证两个方面研究了第一大股东对公司绩效的影响。
In return Rosneft will get 5% of BP's shares, making it one of the largest shareholders. It will also share BP's expertise and technology.
作为回报，Rosneft公司将获得5%的BP股票，从而成为其最大股东之一，并分享BP的经验技术。
Because of this special ownership structure, the role played by the largest shareholders in corporate governance becomes one of the core issues of academic concern.
由于这种特殊股权结构的存在，第一大股东在公司治理中到底发挥着怎样的作用就成为我国学术界关注的核心问题之一。
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