Rational ownership structure is the basis of perfecting corporate governance, and excellent operation performance is ensured by the rational ownership structure and perfect corporate governance. Therefore, there is a close relationship among equity ownership structure, corporate governance and operation performance. Ownership structure determines the board structure of directors, supervisors, managers and their relationships, which affect the shareholders'behavior, the managers'incentive, and corporation decision-making mechanisms. Eventually, all these determine the performance. So, corporate governance is the connection between ownership structure and operating performance. As a result, our study starts with ownership structure, aims to raise the corporate... |