Abstract: The China concepts stocks listed in the United States are taken as a sample to compare the impact of different ownership structures on company performance. It is found that companies with dual-class share structures are mainly concentrated in the four industries of software and services, diversified finance, retail, and consumer service II, because most of companies in the four industries are technological innovation companies. In the four industries, the adoption of dual-class structures has shown a positive impact on the growth of company performance, and the growth of the founders’ rights of control also has a positive impact on company performance. Therefore, the dual-class share structures are beneficial to both companies’ founders and external shareholders.

Key words: dual-class share structures, company performance, China concepts stocks