The results show: the percentage of the state-owned shareholding and the law persons shareholding is not positive related with corporate performance; the same as the public-owned shareholding.

结果表明，国家股、法人股没有表现出其与公司绩效的显著相关关系：流通股对公司绩效也不存在显著的相关关系。

youdao

It dwells on the familiar problem of the corporate corruption of politics and regulatory agencies that weakens public oversight of privately owned firms charged with delivering public goods.

ECONOMIST: Face value