Accordingly, this thesis researched how about the managerial discretion effects on the corporate performance in different level of manager shareholding.

• 因此本文通过研究在不同的经理持股水平下,经理自主权对公司绩效的影响效应,旨在从理论上探寻在某一持股水平下,能够带来最佳公司绩效的经理自主权水平。