本文选取2009年至2011年沪深两市非金融类A股市场的浙江上市公司为研究样本,运用非线性回归模型对高管持股比例与企业经营绩效之间的相关性进行实证研究。实证结果表明,浙江上市公司高管平均持股比例与国际相比仍比较低,且与绩效之间存在微弱的二次曲线关系。 This paper selects Zhejiang listed companies in non-financial A-share markets in Shanghai and Shenzhen from 2009 to 2011 as the research sample, and uses the non-linear regression model to make an empirical study on the correlation between the shareholding of senior executives and the business performance. Empirical results show that the average shareholding ratio of Zhejiang listed companies is still relatively low compared with that of the international ones, and there is a weak quadratic curve relationship with the performance.