Managerial' shareholding has no significant correlation with performance in private corporate while it is negative in state-owned corporate.
董事长、总经理持股比例与民营公司绩效不显著相关，与国有公司绩效呈负相关；
2
Therefore, the effective ways to help state-owned commercial banks are stock transformation, establishing modern property rights institution, and healthy managerial structure of corporation.
因此，实施股份制改造，加快建立现代产权制度和良好的法人治理结构是国有商业银行走出困境的有效途径。
3
PCG is a typical medium-sized state-owned steel enterprise, due to historical reason it has common managerial problems in production aspect just like other state-owned manufacturing enterprises.