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Then, the paper applies an equal-weighted method in calculating the score which it separates into three levels : the "Bad," the "Fair," and the "Good" and the three corporate governance levels are coded as 0, 1, and 2 respectively. Finally, an ordered probit model is used to analyze significance of possible factors affecting the corporate governance level. The paper empirically reveals that a company's characteristics before the release might have significant influences on the probability of its choice on realizing corporate governance after the release.

首先,本文以「上市上柜公司治理实务守则」作为台湾公司治理实施绩效的评鉴依据,采用检核表方法,搭配权数相等的模式,针对2005年五月份台湾五十指数成分股企业予以评鉴,简单加总后将绩效分数依其大小区分为「0:待改善」、「1:普通」及「2:良好」三类,作为企业公司治理实施绩效水准值;其次,本文采用顺序多重分类模型分析公司治理实施绩效的影响因素,了解实务守则发布前的企业股票流动性、股权集中度、营运资讯取得成本、介入控管利益及董事会规模是否会影响实务守则发布后公司治理的实施绩效,并透过边际效果分析了解其影响方向与程度。

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The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应,而且减少跟风的可能性。

The new PS20 solar power tower collected sunlight through mirrors known as "heliostats" to produce steam that is converted into electricity by a turbine in Sanlucar la Mayor, Spain, Wednesday.

聚光:照片上是建在西班牙桑路卡拉马尤城的一座新型PS20塔式太阳能电站。被称为&日光反射装置&的镜子将太阳光反射到主塔,然后用聚集的热量产生蒸汽进而通过涡轮机转化为电力