As a universal existing ownership structure，the effect of pyramid ownership structure on firm growth should be bested and the characteristics of such effect after financial crisis should be noted. On the basis of the lisped companies with pyramid ownership structure after 2008 financial crisis，the effect of each pyramid ownership structure element on firm growth is empirically bested. The results indicate that the controlling shareholding proportion exerts significantly positive effect on firm growth，which means that ultimate controller provides support for the controlled company through control rights;The effect of the deviation of cash flow rights from control rights is nod striking, which means that the expropriation motivation of the ultimate controller is restrained;The pyramid layers exert significantly positive effect on firm growth，which means that the ultimate controller provides projection for the controlled company on keeps the capability of transporting fundto the whole group from outside in the future by making the control chain longer; The remaining direct shareholders balance the identical action men，regulate other ownership structure variances and exert positive effect on firm growth. As a whole，pyramid ownership structure has effect on firm growth，whichmay project firm growth during crisis and is of imporlaW significance for firms to achieve firm growth from the perspective of ownership structure.