웳튵샭싛쯹폐좨뷡릹폫웳튵뒴탂킧싊?ꇰ쿄뚬햪튪놾컄뻍웳튵쯹폐좨뷡릹뛔웳튵뒴탂킧싊뗄펰퓚퇐뺿웳튵뒴탂쪱ꎬ떥튻뗘닉폃뒴탂춶죫횸뇪믲헟뒴탂쿬ꎬ듓샭싛뫍쪵횤짏뷸탐쇋럖컶퇐뺿ꆣ퇐뺿뇭쏷ꎺꎨ?ꎩ뻍ퟜ닺돶횸뇪ꎬ헢늻쓜쳥쿖돶뒴탂춶죫폫뒴탂닺돶뗄뇈뷏벴쳥뛸퇔ꎬ퓶볓뺭펪헟뗄웳튵쯹폐좨믲복짙헾뢮뗄웳튵쯹폐뒴탂뗄킧싊ꆣ틲듋ꎬ퓚뫳컄뗄쪵횤럖컶훐ꎬ붫춬쪱뾼싇좨ꎬ붫폐훺폚룄짆웳튵뒴탂킧싊ꎻꎨ?ꎩ램죋믲튵훷뗄쯹폐좨웳튵쯹폐좨뷡릹뛔뒴탂춶죫뫍뒴탂닺돶뗄펰쿬ꎬ늢뻝듋럝뛮뗄퓶볓ꎬ뿉쓜쫇틽랢ꆰ뒴탂엝쒭ꆱ뗄폕틲횮튻ꎻꎨ?ꎩ쫐뎡에뛏쒳훖쯹폐헟뗄쯹폐좨럝뛮뛔웳튵뒴탂킧싊뗄ퟷ폃ꆣ뺺헹뿉틔듙뷸웳튵뒴탂킧싊뗄룄짆ꎬ뛸웳튵맦쒣삩듳퓲뿉쓜틲ꆰ듳웳튵늡ꆱ컊쳢쯰몦뒴탂킧싊ꆣ뛾ꆢ웳튵뒴탂쳘헷폫웳튵쯹폐좨맘볼듊쯹폐좨뷡릹ꎻ웳튵뒴탂킧싊ꎻ뒴탂엝쒭웳튵뒴탂쫇뛔짺닺튪쯘뗄탂뗄ퟩ뫏ꎬ쎻폐볈뚨맦싉?놾컄쫜맺볒뷜돶쟠쓪믹뷰훺ꎨ훺뫅캪㜹㤲㔰〴ꎩ뿉뷨본ꎬ틲뛸뒴탂믮뚯훐돤돢ퟅ듳솿럇돌탲뮯뻶닟ꎬ튻ꆢ틽퇔뒴탂뷡맻쓑틔풤쇏ꎬ뒴탂헟폫웤쯻죋풱횮볤폐뷏잿뗄탅쾢늻뛔돆탔ꆣ嬳?ퟷ캪튻쿮럇돌탲뮯뗄뒴퓬탔뗄믮뚯ꎬ뒴탂뛔폚죫쫀뫳쏦쇙뻞듳쳴햽뗄훐맺웳튵ꎬ죧뫎춨맽웳뛔웤닎폫헟뗄폃탔죋솦놾튲폐뷏룟튪쟳ꎬ헢룼볓잿튵뒴탂쯵뛌폫맺췢뛔쫖퓚닺욷ꆢ릤틕ꆢ짨놸ꆢퟩ횯맜샭쇋뒴탂닎폫헟폫쯻죋횮볤뗄탅쾢늻뛔돆ꆣ쇭췢ꎬ탭뛠웳뗈랽쏦뗄닮뻠ꎬ쫇튻룶훘튪뛸벱웈뗄컊쳢ꆣ좻뛸ꎬ폐맘튵뒴탂믮뚯쫇튻훖췅뛓믮뚯ꎬ탨튪췅뛓돉풱쿠뮥엤뫏ꎬ퇐뺿뇭쏷ꎬ㠸?뗄웳튵뒴탂믮뚯쫇쪧냜뗄ꎬ맺쓚탭뛠웳튵틲뛸늻틗ힼ좷움볛늻춬돉풱뛔뒴탂벨킧뗄릱쿗ꆣ嬴?죧맻냑퓚ퟔ죏캪뾪햹쇋뒴탂믮뚯뗄춬쪱튲죔폐뫜듳튻늿럖뒦폚웳튵쯹폐헟폫웳튵쓚늿죋풱횮볤뗄맘쾵뾴ퟷ튻훖붻틗ꎨ벴뿷쯰ힴ첬ꆣ嬱嵛㉝뿉볻ꎬ웳튵뒴탂뗄킧싊컊쳢ꎬ벴죧뫎쪹튻튻랽횧뢶놨돪ꎬ튻랽뢶돶샍뚯ꎩꎬ쓇쎴웳튵뒴탂믮뚯컞틉뚨뗄뒴탂춶죫듸살쿠펦뗄뒴탂닺돶ꎬ쫇튻룶맣랺듦퓚늢쫇튻훖뷏캪뢴퓓뗄붻틗ꎬ퓚믺믡훷틥볙짨잰쳡쿂ꎬ죋솦쟒탨튪죏헦뛔듽뗄컊쳢ꆣ놾늻뿉뗖톺뗄쳘탔쪹뒴탂헟뿉쓜ힷ쟳쪣폠뿘훆ꎬ뒴탂퓚펰쿬웳튵뒴탂킧싊뗄훮뛠틲쯘훐ꎬ놾컄냑웳튵쯹헟틲늻틗놻폐킧볠뚽뛸폐뿉쓜듓쫂튻킩럇웳튵샻틦ퟮ듳폐좨뷡릹뛔웳튵뒴탂킧싊뗄펰쿬ퟷ캪훘뗣ꎬ듓샭싛뫍쪵뮯뗄샻틑탐캪ꆣ嬵嵛㙝횤짏볓틔럖컶ꆣퟷ캪튻훖뢴퓓붻틗ꎬ웳튵뒴탂믮뚯뻟폐뷏룟뗄싄풼쯹캽웳튵뒴탂킧싊ꎬ뿉틔쫓캪웳튵뒴탂춶죫폫웳튵돉놾ꎨ벴놣횤뒴탂닎폫헟내릤ퟷ뫏풼맦뚨탐쫂ꆢ폫웳튵쒿뒴탂닺돶뗄뇈뷏ꎬ퓚뫳컄뗄쪵횤럖컶훐ꎬ뒴탂춶죫폃웳뇪놣돖튻훂뗄돉놾ꎩꆣ틲듋뇘탫볓잿뛔뒴탂헟뗄볠뚽뫍벤튵죋뻹刦?횧돶뇭쪾ꎨ폃죋뻹刦?횧돶뇭쪾뒴탂춶죫뗄샸ꎬ쪹웤폫웳튵닆뢻ퟮ듳뮯쒿뇪놣돖튻훂ꎬ럀횹웤믺믡뮹폐䡩汬뫍卮敬氬⁂慲特⁄⸠䉡祳楮来ꆢ?剡桵氠䭯捨桡爬?뗈훷틥탐캪뗄닺짺ꆣ뗈ꎩꎬ뒴탂닺돶폃웳튵쿠펦쪱웚뗄뒴탂쫽솿뇭쪾ꎨ䩯桮⁇?웳튵뒴탂뗄닎폫헟믲돆웳튵뒴탂뗄훷쳥ꎬ뿉틔럖캪䥲睩測⁂⸠匮⁔整桥ꆢ?⁋慴桡物湥⁗慫敬楮뗈죋튲폃뒴탂쫽솿뇭뫋탄훷쳥뫍뷗뛎훷쳥ꎬ잰헟ꎨ춨뎣쫇뺭펪맜샭죋풱ꎩ뢺퓰웳쪾뒴탂닺돶ꎩꆣ뛸헢샯뗄웳튵쯹폐좨뷡릹ꎬ?횸웳튵쓚췢늻튵뒴탂뗄뻶닟ꆢퟩ횯뫍킭뗷ꎬ뫳헟ꎨ훷튪쫇뿆벼죋풱ꆢ웕춬쯹폐헟뗄쯹폐좨뇈훘ꎨ벴쪣폠쯷좡좨뇈훘ꎩꆣ뛠쫽톧헟춨풱릤ꎩ튻냣횻닎폫뒴탂믮뚯뗄쒳튻뻖늿ꆢ쒳튻뷗뛎ꆣ嬷?32쓏뾪맜샭움싛㈰〳쓪뗚?웚
웳튵샭싛평폚ꎺꎨ?ꎩ쯹폐헟쫇웳튵쪣폠뗄쯷좡헟ꎬ돐떣쪣폠럧쿕ꎬ웳튵뒴탂뗄뫋탄훷쳥ꆪꆪ춨뎣캪웳튵뺭펪맜샭헟ꎬ퓚샭펦뛔웳튵탐캪뷸탐볠뚽ꎻꎨ?ꎩ웳튵ꆰ쪣폠ꆱ?뗈춬폚웳튵좫좫쏦볠뚽웳튵뒴탂믮뚯랽쏦뻟폐뷏쏷쿔뗄탅쾢폅쫆ꆣ뺭늿쫕틦복좥만뚨횧뢶ꎬ맊ퟮ듳뮯막뚫쫕틦뗈춬폚ퟮ듳뮯펪헟돖막늻뷶뿉틔볓잿뺭펪헟폫웳튵닆뢻ퟮ듳뮯쒿뇪뗄웳튵뒴퓬뗄ퟜ닆뢻ꎬ맊쯹폐헟샻틦ퟮ듳뮯쒿뇪폫웳튵ퟜ튻훂탔ꎬ쪹웤탅쾢폅쫆돤럖랢믓ꎬ뮹뿉틔럀랶뒴탂췅뛓쳥닆뢻ퟮ듳뮯쒿뇪믹놾튻훂ꎻꎨ?ꎩ쿠맘램맦뫍훆뛈뢳폨쯹훐뗄ꆰ듮뇣뎵ꆱ뚯믺ꆣ嬴嵛?뺡맜폐맛뗣죏캪뺭펪헟쯹폐좨뗄폐헟볠뚽웳튵쓚늿믮뚯뗄뫏램좨샻ꎬ뛸뛔웤쯼샻틦쿠맘퓶볓믡볓잿뺭펪헟믱뗃뿘훆좨쫕틦뗄쓜솦ꎬ嬱㉝떫퇐뺿뇭헟뗄좨솦퓲뷸탐쇋룷훖쿞훆ꎬ맊튪뛔헢킩ꆰ뒴탂훷쳥ꆱ?뷸쏷ꎬ퓚뺭펪돖막럝뛮뫜뗍믲뫜룟쪱ꎬ헢훖ꆰ뿘훆좨쫕틦킧탐폐킧뗄볠뚽ꎬ쯹폐헟쫇떱좻뗄ꆰ볠뚽훷쳥ꆱꆣ펦ꆱ쫇캢죵뗄ꎬ벴룃킧펦횻퓚뺭펪헟막좨럝뛮뒦폚훐뗈쮮떫쫇ꎬ웳튵뒴탂뗄럇돌탲탔ꆢ뒴탂죋풱폫쯻죋횮볤뷏욽쪱닅쿔훸ꆣ퓚훐맺ꎬ맺폐ꆢ벯쳥웳튵벰웤퇝뮯탎쪽ꎬ듳뗄탅쾢늻뛔돆탔ꆢ뒴탂헟뷏룟뗄죋솦놾폃탔ꎬ틔틔벰쮽펪웳튵벰웤퇝뮯탎쪽ꎬ쫇솽훖퓚쫽솿짏햼훘튪뗘벰뒴탂믮뚯쯹쪱뎣뇭쿖돶뗄췅뛓탔ꎬ룸쯹폐헟볠뚽뒴탂캻뗄웳튵샠탍ꎬ뛔폚잰헟ꎬ샺쪷뗄풭틲뻶뚨쇋뺭펪헟퓚믮뚯듸살뷏듳쓑뛈ꎬ퓶듳쇋쯹폐헟뗄볠뚽돉놾ꆣ틲듋ꎬ웤훐횻햼뷏짙막좨ꎬ뛔폚뫳헟ꎬ듓떮짺횮죕웰뺭펪헟뻍횻폐쓇킩폫웳튵샻틦맘쾵쏜쟐ꆢ풸틢캪볠뚽웳튵뒴탂횧퓚웤훐햼폐뻸뛔뗄쯹폐좨럝뛮ꆣ틲듋ꎬ뿉틔죏캪ꎬ퓚훐뢶뇘튪돉놾ꎬ춬쪱폖뻟폐볠뚽풼쫸쓜솦뗄쯹폐헟ꎬ닅쓜맺ꎬ뺭펪헟쯹폐좨짏짽쪱뗄ꆰ뿘훆좨쫕틦킧펦ꆱ쫇캢죵룼캪폐킧뗘볠뚽뫍듙뷸웳튵뒴탂ꆣ뗄ꆣퟛ뫏헢킩럖컶ꎬ뿉틔죏캪ꎺ죽ꆢ웳튵쯹폐좨뷡릹뛔뒴탂킧싊뗄펰쿬ꎺ믹놾믹놾에뚨?ꎺ웳튵뺭펪헟뗄쯹폐좨럝뛮ꎬ뛔웳튵뒴탂에뚨킧싊폐믽벫펰쿬ꆣ㈮?웳튵췢늿쯹폐헟뗄쯹폐좨웳튵쯹폐좨뷡릹폐뛠훖쏨쫶캬뛈ꎬ죧쯹폐좨벯훐돌췢늿쯹폐헟뗄쯹폐좨럝뛮뛔웳튵뒴탂킧싊뗄펰쿬ꎬ뛈ꆢ릫폐쯹폐좨뫍쮽폐쯹폐좨뗄쿠뛔뇈훘뗈뗈ꆣ놾컄뗄죔좻폫헢킩쯹폐헟뗄볠뚽풼쫸뚯믺뫍볠뚽풼쫸쓜솦폐ꆰ웳튵쯹폐좨뷡릹ꆱ횸웳튵쓚늿죋풱ꎨ뺭펪헟ꆢ뿆벼죋풱ꆢ맘ꆣ뛔폚헾뢮쯹폐헟ꎬ쯼놾짭늢럇웳튵ퟮ훕쯹폐헟ꎬ뛸튻냣횰릤ꎩ룷ퟔ뗄쯹폐좨럝뛮ꆢ틔벰췢늿늻춬쯹폐헟ꎨ헾횻쫇듺뇭ퟮ훕쯹폐헟ꎨ벴좫쳥죋쏱믲짧믡릫훚ꎩ뛔웳튵믮뢮ꆢ맺쓚램죋ꆢ튵훷ꆢ짧믡릫훚ꆢ맺췢놾ꎩ룷ퟔ뗄쯹폐뚯뷸탐볠뚽풼쫸ꎬ헾뢮훷맜늿쏅믲죋풱뗄샻틦춬웳튵믮좨럝뛮뗄ퟜ돆ꆣ뚯킧싊뗄횱뷓솪쾵뷏죵ꎻ늻춬뗄헾뢮늿쏅횮볤퓚쮭맜샭ㄮ?웳튵쓚늿죋풱뗄쯹폐좨웳튵맺폐닺ꆢ쮭쫇웳튵맺폐돉럝뗄듺뇭뗈랽쏦뿉쓜듦쯹폐헟뛔웳튵뒴탂킧싊뗄펰쿬좡뻶폚룃쯹폐헟볠뚽퓚좨퓰늻쟥ꎻ헾뢮틲퓚훚뛠웳튵춶뛸뿉쓜맜샭늻맽풼쫸웳튵뒴탂킧싊뗄뚯믺뫍쓜솦ꆣ폐퇐뺿죏캪ꎬ쓚늿죋풱살ꎻ헾뢮뗄웳튵탐캪뎣튪뾼싇럇뺭볃쒿뇪뗈뗈ꎬ헢킩틲뻟폐쇋뷢웳튵탅쾢뗄폅쫆ꎬ쯹틔펦뢳폨쓚늿풱릤틔튻뚨쯘퓬돉헾뢮볠뚽웳튵뒴탂킧싊뗄뚯솦뗍쿂ꆢ쓜솦폐쿞ꆣ뗄쯹폐좨ꆢ틔쪹쯻쏇뗄탐캪폫웳튵헻쳥쒿뇪쿠튻훂ꎬ嬸嵛㥝틲듋ꎬ뿉틔죏캪ꎺ뷸뛸볓잿웤볠뚽웳튵탐캪뗄뚯믺ꎻ떫튲폐죋죏캪쓚늿죋믹놾에뚨?ꎺ헾뢮퓚웳튵훐쯹폐좨럝뛮뗄퓶볓ꎬ뛔웳풱뗄쯹폐좨믡쫜떽ꆰ듮뇣뎵ꆱ탄샭ꆢꆰ쓚늿죋뿘훆ꆱ뗈컊쳢튵뒴탂킧싊뗄펰쿬쫇뢺쏦뗄ꆣ뗄삧쓓ꆣ뇊헟죏캪ꎬ늻춬뗄웳튵쓚늿죋풱뛔뒴탂킧싊뗄맺쓚램죋뗄쯹폐좨ꆣ맺쓚램죋훷튪폐뷰죚믺릹램죋펰쿬ꎬ탨튪룹뻝늻춬쟩뿶뻟쳥럖컶ꆣ뫍웳튵램죋ꎬ嬱㍝잰헟뎣뎣쫇평풭맺폐뷰죚믺릹믲맺폐뛔폚웳튵뒴탂뗄뷗뛎훷쳥ꎨ춨뎣캪뿆퇐죋풱믲튻냣풱놾퇝뮯뛸살ꎬ뫳헟뛠평맺폐웳튵퇝뮯뛸살ꎬ쯼쏇뚼듸폐릤ꎩꎬ쯻쏇튻냣횻퓚쒳룶뷗뛎믲쒳룶뻖늿닎폫뒴탂믮뚯ꎬ튻뚨뗄볆뮮뺭볃즫닊ꎬ뛔웳튵뗄볠뿘죔좻듦퓚뚯솦뫍쓜캴뇘쇋뷢뒴탂믮뚯뗄좫쎲ꎬ쯤폐탅쾢폅쫆ꎬ떫폅쫆뷏솦컊쳢ꎻ뷰죚믺릹폐쪱뮹ힷ쟳뛌웚춶믺쫕틦뛸늻쫇헦헽죵ꎻ늢쟒쯻쏇죋쫽뷏뛠ꎬ벴쪹펵폐막럝튲뇈뷏럖즢ꎬ틲뗄햽싔춶헟ꎬ캴뇘쓜쿳맺췢쯹캽ꆰ톹솦뗖훆탍ꆱ뷰죚믺뛸뿉쓜듦퓚ꆰ듮뇣뎵ꆱ뚯믺ꎻ嬱そ듋췢ꎬ헢킩죋풱튪퓚웳튵릹쓇퇹뻟폐쳡룟웳튵믮뚯킧싊뗄잿쇒뚯믺ꆣ嬱㑝쯹틔뿉틔뺭펪맜샭닣쇬떼쿂릤ퟷꎬ웤쯹폐좨럝뛮뿉쓜돉캪뺭펪헟돵늽죏캪ꎬ쪵쿖ퟔ짭샻틦ꆢ볓잿ퟔ짭뿘훆뗄튻훖릤뻟ꆣ嬱ㅝퟛ뫏헢킩믹놾에뚨?ꎺ맺쓚램죋뗄쯹폐좨뇈훘뛔웳튵뒴탂킧싊틲쯘ꎬ뇊헟죏캪ꎺ쎻폐쿔훸펰쿬ꆣ믹놾에뚨?ꎺ웳튵뿆벼죋풱믲튻냣풱릤뗄쯹폐좨럝뛮퓚쫐뎡뺺헹쪮럖벤쇒뗄뷱쳬ꎬ뿧맺놾캪쇋놣뮤웤뛔웳튵뒴탂킧싊쎻폐쿔훸펰쿬ꆣ뫋탄뺺헹솦ꎬ늻첫풸틢붫웤뫋탄벼쫵듳솿쿲쯻맺쫤돶ꎻ嬱??乡湫慩⁂畳楮敳猠剥癩敷乯⸠??′〰?33
웳튵샭싛맺쓚퓚뒴탂죋풱쯘훊ꆢ뒴탂랽쪽랽램뗈랽쏦폫쫀뷧쿈뷸ㄹ㤷쓪떽㈰〱쓪볤쟩뿶쯹ퟶ뗄뗷닩ꎬ뗷닩믘쫕폐킧컊뻭쮮욽뗄헻쳥닮뻠ꎬ튲믡쪹췢좱랦ퟣ릻뚯믺퓚컒맺뾪햹㔷?럝ꎬ헢킩웳튵뿧풽뛠룶쪡쟸ꆢ뛠훖탐튵ꆣ듳맦쒣뗄뒴탂믮뚯ꎻ쪵볊짏ꎬ췢춶쿲듳슽훷튪쫇뾴훐ㄮ?퇐뺿짨볆웤솮볛샍뚯솦ꆢ풴뫍뻞듳쫐뎡ꎬ튻냣늢캴듲쯣붫뺳쓚짨쯹폐헟?뗄쯹폐좨럝뛮캪十ꎬ뒴탂춶죫캪䥒ꎬ뒴웳튵ퟷ캪쯻쏇뗄뒴탂믹뗘ꆣ퓚듋쟩뿶쿂ꎬ뇊헟죏캪ꎺ탂닺돶캪䥍ꎬ뒴탂킧싊캪䕉ꆣ쯦ퟅ十퓶볓ꎬ䥒믲䥍뿉쓜믹놾에뚨?ꎺ췢뗄쯹폐좨뇈훘폫웳튵뒴탂킧싊쎻폐랢짺죽훖뇤뮯ꎺ쿔훸퓶볓ꎨ폃ꆰꇼꆱ뇭쪾ꎩꎬ쿔훸쿂붵ꎨ폃쿔훸맘쾵ꆣꆰꇽꆱ뇭쪾ꎩꎬ쎻폐쿔훸뇤뚯ꎨ폃ꆰꇺꆱ뇭쪾ꎩꆣ틀뻝十퓶볓쿂쏦럖컶웳튵췢늿룶죋쯹폐헟뛔뒴탂킧싊뗄펰쿬ꆣ쪱ꎬ䥒믲䥍뗄뇤뚯뗄ퟩ뫏쟩뿶ꎬ뿉틔에뛏十퓶볓뛔뒴탂룶죋쯹폐헟놾짭뻍쫇ꆰퟮ훕쯹폐헟ꆱ?ꎬ쯻뛔웳튵뗄횱뷓볠킧싊䕉뗄펰쿬ꎨ볻뇭?ꎩꆣ뿘뿉틔럀횹웤쯼샠탍쯹폐헟볠뿘웳튵쪱틲캯췐듺샭닣듎룹뻝十퓶볓쯹틽웰뗄䥒뗄죽훖뿉쓜뇤뚯ꎬ럖캪죽훖맽뛠뛸퓬돉뗄뛔ퟮ훕쯹폐헟킧폃쒿뇪뗄얤쟺ꆣ늻맽ꎬ췢쟩탎살에뛏ꆣ늿룶죋쯹폐헟뛔웳튵뒴탂킧싊뗄볠뚽풼쫸쫜떽솽룶틲쯘ꎨ?ꎩ䥒쿔훸퓶볓ꎺ듋쪱ꎬ죧맻뒴탂닺돶䥍튲쿔훸퓶쿞훆ꎺ튻쫇웤쯹폐좨뗄벯훐돌뛈ꎬ뛾쫇웤볠뚽쓜솦뫍볓ꎬ뇭쏷뒴탂춶죫䥒뗄퓶볓듸살쇋뒴탂닺돶䥍뗄퓶볓ꎬ튵횪쪶ꆣ잰컄쳡떽ꎬ웳튵뒴탂폐볠뿘쓑뛈듳ꎬ볠뚽돉놾十퓶볓뛔뒴탂킧싊䕉뗄펰쿬쫇ꆰ믽벫ꆱ뗄?ꎻ떫죧맻䥍늻뇤룟뗄쳘뗣ꎬ죧맻췢늿룶죋쯹폐헟뗄쯹폐좨맽폚럖즢ꎬꆰ듮믲쿂붵ꎬ퓲뇭쏷뒴탂춶죫䥒뗄퓶볓늻뷶쎻폐듸살뒴탂닺뇣뎵ꆱ컊쳢뻍믡돶쿖ꎺ틲캪쎿튻룶룶죋쯹폐헟볠뿘뒴탂믮돶䥍뗄퓶볓ꎬ짵훁냩쯦䥍뗄쿂붵ꎬ듋쪱十퓶볓뛔䕉뗄펰뚯쯹퓶볓뗄웳튵쫕틦튪폫좫쳥쯹폐헟럖쿭ꎬ뛸볠뚽돉놾쿬쫇ꆰ쿻벫ꆱ?뗄ꆣ듳뛠평ퟔ벺돐떣ꎻ맽폚럖즢뗄쯹폐좨붫쪹췢늿룶죋쯹폐ꎨ?ꎩ䥒쎻폐쿔훸뇤뚯ꎺ듋쪱ꎬ죧맻䥍퓶볓ꎬ퓲뇭쪾헟볠뚽웳튵뗄쫕틦늻ퟣ틔뗖쿻웤볠뚽돉놾ꎬ쪹횮늻쓜돉十뗄퓶볓퓚쎻폐틽웰뒴탂춶죫䥒퓶볓뗄춬쪱듸살쇋뒴탂캪믽벫뗄볠뚽헟ꆣ嬱㙝嬱㝝쇭튻랽쏦ꎬ벴쪹췢늿룶죋쯹폐헟닺돶䥍뗄퓶볓ꎬ맊쯼뛔䕉폐ꆰ믽벫ꆱ펰쿬ꎻ죧맻䥍쎻폐쿔뗄쯹폐좨뷏벯훐ꎬ쪹웤폐뷏듳뗄볠뚽뚯믺늢뛔웳튵믮뚯훸뇤뚯ꎬ퓲十퓶볓뛔䕉쎻폐쿔훸펰쿬ꎬ벴쫇ꆰ컞맘ꆱ뗄?ꎻ폐뷏듳ꆰ랢퇔좨ꆱꎬ떫쫇죧맻쯻늻뻟폐볠뿘뒴탂믮뚯뗄쓜죧맻䥍쿔훸쿂붵ꎬ퓲十퓶볓뛔䕉폐ꆰ쿻벫ꆱ펰쿬ꆣ솦뫍튵놳뺰횪쪶ꎬ쓇쎴헢킩퓶볓쇋뗄볠뚽뚯믺뫍랢퇔ꎨ?ꎩ䥒쿔훸쿂붵ꎺ듋쪱ꎬ죧맻䥍짏짽믲늻뇤뚯ꎬ퓲좨랴떹뿉쓜퓬돉ꆰ췢탐쇬떼뫍볠뚽쓚탐ꆱ뗄ꆰ쾹횸믓ꆱ?ꎬ듓十짏짽뛔䕉뗄펰쿬쫇ꆰ믽벫ꆱ?뗄ꎻ죧맻䥍쿂붵ꎬ퓲뇭쏷十뛸늻샻폚뒴탂킧싊ꆣ퓚훐맺ꎬ웳튵쯹폐헟훐ꆰ짧믡릫훚ꆱ뗄퓶볓틽웰뒴탂맦쒣뫍닺돶뗄춬쪱쿂붵ꎬ헢쪱十퓶볓뗄뻸듳뛠쫽쫇막좨럖즢뗄훐킡춶헟ꎬ뛸ꆰ튵훷ꆱ쫇햼폐뷏펰쿬튲펦놻뾴ퟷ쫇ꆰ쿻벫ꆱ?뗄ꆣ듳럝뛮뗄췢늿룶죋쯹폐헟ꎬ잰헟퓚볠뚽뒴탂믮뚯뗄뚯솦㈮?늻춬쯹폐헟뗄쯹폐좨럝뛮뛔䥒뫍䥍뗄펰쿬뫍쓜솦짏뚼폐늻ퟣꎬ뫳헟쯤폐볠뚽뚯솦ꎬ좴캴뇘폐볠뿘캪쇋움맀늻춬쯹폐헟뗄쯹폐좨럝뛮뛔뒴탂춶죫䥒뫍뗄튵뮯쓜솦ꆣ쯹틔놾컄죏캪ꎬ뒴탂닺돶䥍뗄펰쿬ꎬ탨튪뛔랽돌ꎨ?ꎩꆢꎨ?ꎩ뷸탐믘맩럖컶ꎬ믹놾에뚨?ꎺ짧믡릫훚뗄쯹폐좨뇈훘뛔웳튵뒴탂킧싊쎻폐쿔훸펰쿬ꎻ믹놾에뚨?ꎺ튵훷뗄쯹폐좨뇈훘뛔웳튵뒴탂킧싊쎻폐쿔⠱?훸펰쿬ꆣ쯄ꆢ쪵횤쫽뻝볬퇩뗄슷쿟짨볆⠲?웤훐ꎬ䥍뫍䥒럖뇰뇭쪾뒴탂닺돶뫍뒴탂춶죫ꎬ쎿볒웳튵뗄䥍뫍䥒럖뇰폃룃웳튵퓚ㄹ㤷ꆪ㈰〱쓪헢컥쓪볤욽뻹뗄뒴탂닺돶쫽솿뫍죋뻹퇐랢횧돶뇭쪾ꎻ?뺭펪헟ꆢ?뿆벼ꆢ?튻냣ꆢ?헾뢮ꆢ?램죋ꆢ?튵훷ꆢ?릫훚ꆢ?췢럖뇰뇭쪾뺭펪헟ꆢ뿆벼죋풱ꆢ튻냣풱릤ꆢ헾뢮ꆢ맺쓚램죋ꆢ튵훷ꆢ짧믡릫훚뫍췢퓚웳튵훐컥쓪욽뻹뗄쯹폐좨럝뛮ꎬ쯼쏇잰캪쇋퇩횤짏쫶샭싛럖컶뗄뷡싛ꎬ탨튪짨볆쫽뻝럖컶쏦뗄쾵쫽캪ꛂ쾵쫽ꎻ卉婅ꆢ䵁?뫍䥎?쫇뿘훆뇤솿ꎬ럖뗄믹놾쮼슷ꆣ놾컄뗄럖컶퇹놾캪뛔맺쓚〰뛠볒웳튵퓚뇰듺뇭웳튵맦쒣ꆢ쫐뎡뺺헹돌뛈뫍닺튵틲쯘뗄펰쿬ꎻ닐34쓏뾪맜샭움싛㈰〳쓪뗚?웚
웳튵샭싛닮ꛅ?뫍ꛅ?럖뇰뇭쪾웤쯼틲쯘뛔䥍뫍䥒뗄펰쿬ꆣ뺺헹돌뛈뛔웳튵뒴탂킧싊폐믽벫펰쿬ꎬ웳튵맦쒣뛔뒴탂폃춳볆럖컶죭볾뛔쪽ꎨ?ꎩꆢ쪽ꎨ?ꎩ뷸탐믘맩럖컶ꎬ뿉킧싊폐쿻벫펰쿬ꆣ틔랢쿖쓄킩ퟔ뇤솿뛔䥍뫍䥒폐쿔훸펰쿬ꆣ㈮?벸뗣웴쪾컥ꆢ쫽뻝럖컶뷡맻평틔짏럖컶ꎬ뿉틔뗃떽틔쿂벸뗣웴쪾ꎺꎨ?ꎩ뻍웳튵ퟜ쳥살쮵ꎬ쫊떱복짙웳튵훐뗄맺폐막돉뛔쪽ꎨ?ꎩ뗄럖컶뷡맻뇭쏷ꎬ?뺭펪헟뗄퓶볓쿔훸퓶볓쇋럝ꆢ퓶볓뺭펪헟돖막뇈훘ꎬ뛔폚쳡룟뒴탂킧싊ꆢ붵뗍웳튵뒴탂닺돶䥍ꎬ?헾뢮뗄퓶볓쿔훸복짙쇋뒴탂닺돶䥍ꎻ?쇭뒴탂럧쿕쫇폐틦뗄ꎬ헢튲쫇폫웳튵룄룯뗄듳랽쿲볦죝뗄ꆣ췢ꎬ쫐뎡뺺헹돌뛈䵁?뛔䥍폐믽벫펰쿬ꆣ뛔쪽ꎨ?ꎩ뗄럖컶ꎨ?ꎩ뛔맺쓚램죋쯹폐좨ꆢ튵훷쯹폐좨뗄쫽뻝뗄럖뷡맻뇭쏷ꎬ?뺭펪헟ꆢ?쓚램믲?튵훷뗄퓶볓뚼믡틽웰뒴탂춶죫䥒컶뷡맻ꎬ폫샭싛럖컶훐뗄풤쇏싔폐돶죫ꎺ샭싛럖컶훐뗄쿔훸펰쿬ꎻ늢쟒웳튵맦쒣卉婅폫䥒횮볤튲폐쿔훸헽쏦죏캪쯼쏇뛔웳튵뒴탂킧싊ꆰ쎻폐펰쿬ꆱꎬ쪵횤럖컶좴랢맘쾵ꆣ쿖쯼쏇뛔뒴탂킧싊폐ꆰ쿻벫ꆱ펰쿬ꆣ평뇭?뿉횪ꎬ헢쫇틲캪뇭?쇐돶쇋뛔䥍뫍䥒폐쿔훸펰쿬뗄ퟔ뇤솿뗄ꛂ쾵쫽뫍쯼쏇퓚쎻폐틽웰뒴탂닺돶퓶볓뗄춬쪱ꎬ좴퓬돉뒴탂춶죫쿔훸쮮욽ꎨ卩朮ꎩꆣ卩朮㰰⸱ꎨ듸?뫅헟ꎩꎬ뇭쪾쿠맘ퟔ뇤솿뛔뗄퓶볓ꆣ춬퇹뗄쟩탎퓚ꆰ웳튵맦쒣ꆱ틲쯘ꎨ뇭?훐卉婅ꎩ짏튲䥍믲䥒폐쿔훸펰쿬ꎬ卩?⸾〮?뇭쏷펰쿬늻쿔훸ꆣꛂ㸰뇭쏷쿠뿉뾴떽ꆣ룃뷡맻뗄웴쪾쫇ꎺ쯦ퟅ맺쓚램죋믲튵훷뗄쯹폐펦ퟔ뇤솿폫틲뇤솿춬랽쿲뇤뚯ꎬꛂ㰰뇭쪾랴랽쿲뇤뚯ꆣ좨럝뛮뗄퓶볓틔벰웳튵맦쒣뗄삩듳ꎬ웳튵훐뿉쓜돶쿖ꆰ뒴탂엝쒭ꆱ컊쳢ꎬ벴늻붲뒴탂킧싊뗄맽뛈춶ꎻ웳튵맦쒣삩듳쯹틽웰뗄ꆰ뒴탂엝쒭ꆱ뿉쓜뮹쫇ꆰ듳웳튵늡ꆱ뗄튻훖랴펳ꆣ떱좻ꎬ뛔폚늻춬뗄램죋쯹폐헟뗄ퟷ폃ꎬ뮹폐듽폚뷸튻늽퇐뺿ꆣꎨ?ꎩ놾퇐뺿뇭쏷ꎬ쫐뎡뺺헹뛔웳튵뒴탂킧싊폐믽벫ퟷ폃ꆣ헢쫇뛔ꆰ뎬닺좨싛ꆱ힢훘쫐뎡뺺헹뗄맛뗣뗄튻룶ퟴ횤ꆣ嬱㡝뿉볻ꎬ닺좨뫍쫐뎡뛔웳튵뒴탂뚼폐쏷쿔펰쿬ꆣ죴폃ꆰꇺꆱ뇭쪾쎻폐쿔훸펰쿬ꎬꆰꇼꆱ뇭쪾춬랽쿲쿔훸ꎨ?ꎩ탨튪쮵쏷뗄쫇ꎬ퓚뾼싇놾퇐뺿뛔폚웳튵튵벨뗄몬펰쿬ꎬꆰꇽꆱ뇭쪾랴랽쿲쿔훸펰쿬ꎬ퓲평뇭?뿉뗃뇭?ꆣ뇭?틥쪱ꎬ펦떱힢틢떽웳튵뒴탂퓚폐맘웳튵훐뗄훘튪돌뛈ꆣ훐ꎬꆰ十퓶볓뛔䕉뗄펰쿬ꆱ튻삸쫇뛔헕뇭?뗃떽뗄ꆣ뇏뺹ꎬ쯹폐좨뷡릹늻뷶춨맽뒴탂믮뚯펰쿬웳튵튵벨ꎬ뮹뿉쓜춨맽뛔럇뒴탂믮뚯뗄ퟷ폃뛸펰쿬웳튵튵벨ꆣ쯹틔ꎬ놾컄뗄뷡싛뛔폚뒴탂탍웳튵뗄튵벨뿉쓜룼뻟틢틥ꎬ뛔듋헢샯늻퓙쿪쫶ꆣ닎뾼컄쿗嬱?奯獥爠䝡摨潵洮⁐潴敮瑩慬⁅晦散瑳映䵡湡来’牳 ?湴牥湣桭敮?慮搠卨慲敨潬摩湧猠潮⁃潭灥瑩瑩癥湥獳⸠䕵牯灥慮⁊潵牮慬映佰?敲慴楯湡氠剥獥慲捨‱㤹㤬
ㄱ㠩㨠㐵ⴷ㈮쇹ꆢ뷡싛벰웴쪾嬲?췵듳훞Ⱐ맘쪿탸⸠컒맺맺폐듳훐탍웳튵벼쫵뒴탂뫍훆뛈뒴탂쿖ힴ럖컶⸠훐맺죭뿆톧Ⱐ㈰〰Ⱐ⠴⤺‱㤮ㄮ?믹놾뷡싛嬳?뫺듺맢Ⱐ샷틔쓾⸠떱듺닺뷗벶뺭볃톧훷튪쇷엉⸠짌컱펡쫩망?쪵횤럖컶믹놾퇩횤쇋샭싛럖컶훐뗄에뛏ꆣ퇐뺿뷡맻뇭ㄹ㠲㨠㈶〮쏷ꎬ뻍ퟜ쳥뛸퇔ꎺ嬴?돂폴⸠쯹폐좨ꆢ뿘훆좨폫벤샸ꆪꆪ듺샭뺭볃톧컄톡⸠짏몣죽솪ꎨ?ꎩ뺭펪헟뗄쯹폐좨럝뛮뛔웳튵뒴탂킧싊폐믽벫펰쫩뗪Ⱐㄹ㤸㨠〭ㄴ㔮쿬ꎬ헾뢮쯹폐좨럝뛮뛔웳튵뒴탂킧싊폐쿻벫펰쿬ꎻꎨ?ꎩ맺嬵?돂폴⸠웳튵훆뛈폫쫐뎡ퟩ횯ꆪꆪ붻틗럑폃뺭볃톧컄톡⸠짏몣죽쓚램죋뗄쯹폐좨럝뛮뫍튵훷뗄쯹폐좨럝뛮뛔웳튵뒴탂킧솪쫩뗪Ⱐㄹ㤶㨠㘹ⴸ〮싊폐쿻벫펰쿬ꎻꎨ?ꎩ웳튵뿆퇐죋풱ꆢ튻냣풱릤ꆢ짧믡릫훚嬶?헅캬펭⸠쯹폐훆ꆢ훎샭뷡릹폫캯췐듺샭맘쾵?뺭볃퇐뺿⸠ㄹ㤶?뫍췢뗄쯹폐좨럝뛮뛔뒴탂킧싊쎻폐쿔훸펰쿬ꎻꎨ?ꎩ쫐뎡⠹⤺‱㐮乡湫慩⁂畳楮敳猠剥癩敷乯⸠??′〰?35
웳튵샭싛嬷?닜열Ⱐ맻ퟓ럥⸠벼쫵뒴탂훷쳥뗄뷗뛎탔퇐뺿⸠맣컷뺭볃맜샭룉ꎨ짏뷓뗚㌱튳ꎩ훃짧믡뺭볃풴뗄맣뛈뫍맦쒣뗬뚨믹뒡ꆣ늿톧풺톧놨Ⱐ㈰〰Ⱐ⠶⤺″㈮퓚헢랽쏦ꎬ죧뇭?쯹쪾ꎬ훐맺짏쫐릫쮾뗄닺훘ퟩ嬷?룼쫇嬸?싪룱샶쳘ꆤ?ꆤ늼삳뛻⸠쯹폐좨폫뿘훆㨠쏦뛔㈱쫀볍뗄릫쮾훎죎훘뛸뗀풶ꆣ훁짙펦룃듓퓶솿풴춷짏ꎬ뺡퓧쪵쪩ꆰ뗚튻듳샭첽쯷⸠훐맺짧믡뿆톧돶냦짧Ⱐㄹ㤹㨠㌲ⴵㄮ막뚫돖막뇈샽룟폚ퟜ막놾㈯?뗄릫쮾늻뗃퓙짏쫐ꆱ뗄펲탔맦嬹?샮놦풪⸠죋솦놾닺좨폚훐맺웳튵룄룯⸠톧쫵싛첳Ⱐ㈰〰Ⱐ⠳⤺뚨ꎬ틔벰훰늽뿘훆ꆰ뗚튻듳막뚫돖막뇈샽룟폚ퟜ막놾ㄯ?뗄㈳ⴳ〮릫쮾ꆱ뗄짏쫐쫽솿ꆣ嬱そ헅뻼⸠쿖듺닺좨뺭볃톧⸠짏몣죽솪쫩뗪Ⱐㄹ㤴㨠㜸ⴸ㈮닎뾼컄쿗嬱ㅝ䩯桮⁅⸠䝡浢汥⸠䵡湡来浥湴⁃潭浩瑭敮琠瑯⁉湮潶慴楯渠慮?䕳潰⁓瑯捫⁃潮捥湴牡瑩潮⸠䩯畲湡氠潦⁂畳楮敳猠噥湴畲楮本‱㤹嬱㤬?샮캬낲⸠맺볊뺭퇩폫웳튵쪵볹㨠훆뚨쫊뫏맺쟩뗄훐맺릫쮾훎샭⠱㔩㨠㐵ⴷ㘮풭퓲⸠쓏뾪맜샭움싛Ⱐ㈰〱Ⱐ⠱⤮嬱㉝䡥汥渠卨潲琬⁋敶楮⁋敡獥礮⁍慮慧敲楡氠?睮敲獨楰湤⁴桥嬲?䙡浡Ⱐ䔮湤⁊敮獥測⁍⸮⁓数慲慴楯渠潦⁏睮敲獨楰湤⁃潮瑲潬??敲景牭慮捥映?楲浳㨠䕶楤敮捥牯洠瑨攠啋⸠䩯畲湡氠潦䩯畲湡氠潦⁌慷湤⁅捯湯浩捳Ⱐㄹ㠳Ⱐ⠲㘩?䍯牰潲慴攠䙩湡湣攬‱㤹㤬
㔩㨠㜱ⴱ〱?嬳?䝲潳獭慮Ⱐ匮湤⁈慲琬⁏⸮⁔桥⁃潳瑳湤⁂敮敦楴猠潦⁏睮敲獨楰?嬱㍝塩慯湩慮⁘甬⁙慮⁗慮朮⁏睮敲獨楰⁓瑲畣瑵牥湤⁃潲灯牡瑥䄠周敯特映噥牴楣慬湤⁌慴敲慬⁉湴敧牡瑩潮⸠䩯畲湡氠潦⁐潬楴楣慬䝯癥牮慮捥渠䍨楮敳攠却潣欠䍯浰慮楥献⁃桩湡⁅捯湯浩?䕣潮潭礬‱㤸㘬
㤴⤮剥癩敷Ⱐㄹ㤹Ⱐ⠱〩㨠㌴ⴴ㐮嬴?佬楶敲⸠䔮⁗楬汩慭獯渮⁏牧慮楺慴楯渠潦⁗潲欺⁁⁃潭灡牡瑩癥嬱㑝剡桵氠䭯捨桡爮⁉湳瑩瑵瑩潮慬⁉湶敳瑯牳湤⁆楲洠䥮湯癡瑩潮㨠?䥮獴楴畴楯湡氠䅳獥獳浥湴⸠䩯畲湡氠潦⁅捯湯浩挠䉥桡癩潲湤呥獴映䍯浰整楮朠䡹灯瑨敳楳⸠却牡瑥杩挠䵡湡来浥湴⁊潵牮慬?佲条湩穡瑩潮Ⱐㄹ㠰Ⱐ⠱⤺‵?ㄹ㤶Ⱐ⠱㜩㨠㘷ⴸ㈮嬵?놦훒뗈⸠짏쫐릫쮾뿘훆좨죃뛉뗄뚨볛컊쳢퇐뺿⸠짏몣뷰죚?嬱㕝䌮⁋⸠偲慨慬慤…⁇⸠䡡浥氮⁔桥⁃潲攠䍯浰整敮捥映瑨?㈰〳Ⱐ⠲⤮嬶?䉥牬攬⁁⸠慮搠䵥慮猬⁇⸮⁔桥⁍潤敲渠䍯牰潲慴楯渠慮搠偲楶慴?䍯牰潲慴楯渮⁈慲癡牤⁂畳楮敳猠剥癩敷Ⱐㄹ㤹Ⱐ⠵Ⱐ㘩㨠ㄲⴲ㌮偲潰敲瑹⸠䡡牣潵牴Ⱐ䉲慣攠慮搠坯牬搬䥮挮ⱎ敷⁙潲欬‱㤳㈮嬱㙝却慮景牤⁇牯獳浡渠☠佬楶敲⁈慲琮⁔桥⁃潳瑳湤⁂敮敦楴猠潦嬷?놦훒Ⱐ헔킡욽⸠짏쫐릫쮾닺훘ퟩ럖컶⸠냙볒돶냦짧Ⱐ㈰〲㨠ㄮ佷湥牳桩瀺⁔潷慲搠愠周敯特映噥牴楣慬湤⁌慴敲慬⁉湴敧牡瑩潮嬸??놦훒Ⱐ헔킡욽⸠훐맺막쫐듳삩죝듳믺폶⸠훐맺닆헾뺭볃돶냦䩯畲湡氠潦⁐潬楴楣慬⁅捯湯浹Ⱐㄹ㤴Ⱐ⠴⤺‴㘭㘷?짧Ⱐㄹ㤸㨠ㄱ?嬱㝝䄮⁂敲汥…⁇⸠䵥慮献⁔桥⁍潤敲渠䍯牰潲慴楯渠慮搠偲楶慴?ퟷ헟볲뷩놦훒ꎬ뮪훐뿆벼듳톧맜샭톧풺퓚횰늩쪿퇐뺿짺ꎬ뚫偲潰敲瑹⸠䡡牣潵牴Ⱐ䉲慣攠慮搠坯牬搬湣Ⱐㄹ㌳㨠㘷?뮪듳톧퇳춶틸탐퇐뺿쯹쯹뎤ꎬ훷튪듓쫂릫쮾늢릺ꆢ닺훘ퟩ嬱㡝쇵짖병Ⱐ샮⸠뎬닺좨싛폫웳튵벨킧⸠뺭볃퇐뺿Ⱐㄹ㤸Ⱐ⠸⤺‴㌭뫍놾쫐뎡퇐뺿ꆣ㐵?The Research on Allocation of Corporate Control Rights –ퟷ헟볲뷩쿄뚬ꎬ컷낲붻춨듳톧맜샭톧풺늩쪿퇐뺿짺ꎬ퇐뺿랽model, Feature and Option of Efficiency쿲캪벼쫵뒴탂폫뿆벼풴엤훃ꆣQu BaozhongEfficiency of Firm Innovation and Ownership StructureAbstract The innovation applied to allocate the corporate right of controlXia Dongis closely related to the background combined with the worldwideAbstractTaking 579 enterprises as example, the author analyses theopportunities of resource disposition and efficiency competition. Basedefficiency of firm innovation in China. The research shows that: (1)on relative regulations and acts, this paper constructs a synthetic modelThe increase of proportion of manager’s ownership shares, or theto measure the allocation of corporate right of control, and analyzes thedecrease of government’s shares, will help to improve the efficiency;regular compound patterns deriving from the model and their features as(2) The increase of proportion of ownership shares held by legalwell. Furthermore, this paper probes into the different compound patternspersons or by large individual owners, may lead to “innovation foam”;and makes option in reference to varied principles such as efficiency andmonopoly, efficiency and competition, efficiency and agency. All these(3) Market competition may improve the efficiency of firm innovation,while the firm scale might damageprovide the management innovation with a framework of the allocation WordsOwneof corporate right of Structure; Efficiency of Firm Innovation;InnovKey WordsThe Allocation of the Control Right; The Synthetic Modelation Bubbleof Control Right; Patterns of Control Right; Option of Efficiency36쓏뾪맜샭움싛㈰〳쓪뗚?웚
