直接控股

在国家股和法人股中基本上存在一个直接控股的大股东。

In the country and legal person share there is a direct holding in the big shareholders .

多数投资者认为一个由管理层直接控股的公司更值得信赖。

Many investors believe that a company in which the management directly controlled the share deserves more trustment .

国有上市公司主要包括国有企业改制的上市公司和国有资本控股（直接控股和间接控股）的上市公司，在我国上市公司中占有相当大的比重（大约90%以上）。

Over 90 % of listed companies in China are state-owned enterprises and state - owned capital holding companies ( direct and indirect holding ) .

本文的结论如下：首先是直接控股股东比例与股权制衡度越高，公司绩效就越好。

This conclusion is as follows : first , the direct controlling shareholder equity ratio and the degree of checks and balances are higher , corporate performance are better .

在国有股权控股的企业中，股权一定程度上的集中对公司是有利的，且政府直接控股比间接控股更有利于企业的整体价值。

In holding companies controlled by the states , some concentration of ownership is superior to the firms ' overall value and can be much more enhanced through governments ' direct rather than indirect holding .

因此，推进上市公司产权多元化改革和避免国家直接控股，对改善公司治理具有积极意义。

The findings imply that the largest shareholder 's ownership nature and the manners of government control are important to China listed companies , and property diversification reforms and avoidance of direct state-controlling are meaningful to improve corporate governance .

目前国内外对股权结构的研究主要集中在公司直接控股股东层面上，但是仅拥有上市公司直接控股股东的资料并不足以了解这些企业真正实际的所有权与控制权。

The current shareholding structure at home and abroad focused on the direct controlling shareholder of the company level , but only has a direct controlling shareholder of listed companies of information and not enough to truly understand the actual business ownership and control .

将其直接冲减控股公司的股东权益；

Directly counteract the shareholder 's ownership ;

中国上市公司绝大部分是国家直接或间接控股，国家终极控股比例不断下降；

Chinese listed companies major part is the country directly or indirectly controlling the interest , the national ultimate controlling stock proportion unceasingly drops extremely ;

但阿里巴巴招股说明书简要列出了旨在化解投资者担忧的大胆计划，包括让外资控股的那一部分业务持有大部分阿里巴巴资产（牌照除外），并确保绝大部分收入直接由外资控股公司产生。

But Alibaba 's prospectus outlined bold plans to mitigate investor fears by holding most of its assets , aside from licences , in the foreign-owned part of its business , and to ensure that most revenue is generated directly by the foreign-owned business .

内部风险控制的有效性直接关系着金融控股集团发展的成败。

Effectiveness of internal risk control is directly related to the fortune of developing financial holding group .

换言之，不同性质的控股股东的利益诉求各有差异，直接影响对上市公司的资金占用1，而资金占用量的大小又直接导致控股股东在现金股利政策制定上的差异。

In other words , the controlling shareholders ' demands of different nature directly affect the amount of tunneling to listed companies , while the size of tunneling has a direct effect on the cash dividend policy .