The Largest Shareholder,Board Leadership Structure and Firm Performance
Using the A-share listed companies in 2010 as samples,this paper studies how different board leadership structure influence corporate performance in the perspective of the largest shareholder.The resluts indecate that:when the ability to control of the largest shareholder is strong,the unity of the two jobs is inversely related to corporate performance,the ability to control is weak,the unity of the two jobs is positively correlated to the corporate performance.In this paper,we also conduct classified study depending on the different nature of the ownership of the largest shareholder.It suggests that it helps to improve corporate performance if the chairman of the board is divided from the general manager when the largest shareholder of the company is non-state-owned shareholder.