本文介绍了金字塔结构在国有上市公司中强化终极控制人权力、为大股东“支持”提供便利、抑制政府干预等积极作用,并从金字塔股权结构减少劣质资产注入、降低盈余管理程度两方面对其抑制国有上市公司资产注入中利益输送的机理进行了相关分析,以期丰富有关金字塔股权结构和资产注入的研究。 This paper introduces the pyramid structure in the state-owned listed companies to strengthen the ultimate control of human rights, to provide convenience for major shareholders, to curb government intervention and other positive roles, and from the pyramid ownership structure to reduce the inflow of inferior assets, reducing the extent of earnings management This paper analyzes the mechanism of restraining the transfer of profits in asset injection of state-owned listed companies, in order to enrich the research on the pyramid ownership structure and assets injections.