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中文摘要：
通过解释领导权结构与公司多元化战略之间的对立结果，明确了代理理论与管家理论各自的适用范围，探讨了领导权结构与多元化战略两者的关系如何随着产品市场竞争程度的不同而变化。将产品市场竞争引入到研究中，对于如何依据不同情境选择最合适的制度设计提供了很好的分析思路。
英文摘要：
Using Chinese publicly listed manufacturing finns, the authors divide the sample by the characteristics of product market competition for empirical testing in order to investigate how product market competition interacts with corporate leadership structure and corporate diversification strategy. By analyzing opposite results, the authors can define the scope of application of the stewardship and agency theory which provides a good analytical thinking for corporate institution design.
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