id	sid	tid	token	lemma	pos
fbem-21436	1	1	frontiers	frontier	NOUN
fbem-21436	1	2	in	in	ADP
fbem-21436	1	3	business	business	NOUN
fbem-21436	1	4	,	,	PUNCT
fbem-21436	1	5	economics	economic	NOUN
fbem-21436	1	6	and	and	CCONJ
fbem-21436	1	7	management	management	NOUN
fbem-21436	1	8	issn	issn	PROPN
fbem-21436	1	9	:	:	PUNCT
fbem-21436	1	10	2766	2766	NUM
fbem-21436	1	11	-	-	PUNCT
fbem-21436	1	12	824x	824x	NUM
fbem-21436	1	13	|	|	ADJ
fbem-21436	1	14	vol	vol	NOUN
fbem-21436	1	15	.	.	PROPN
fbem-21436	1	16	15	15	NUM
fbem-21436	1	17	,	,	PUNCT
fbem-21436	1	18	no	no	INTJ
fbem-21436	1	19	.	.	NOUN
fbem-21436	1	20	1	1	NUM
fbem-21436	1	21	,	,	PUNCT
fbem-21436	1	22	2024	2024	NUM
fbem-21436	1	23	215	215	NUM
fbem-21436	1	24	research	research	NOUN
fbem-21436	1	25	on	on	ADP
fbem-21436	1	26	corporate	corporate	ADJ
fbem-21436	1	27	governance	governance	NOUN
fbem-21436	1	28	and	and	CCONJ
fbem-21436	1	29	efficiency	efficiency	NOUN
fbem-21436	1	30	evaluation	evaluation	NOUN
fbem-21436	1	31	based	base	VERB
fbem-21436	1	32	on	on	ADP
fbem-21436	1	33	dea	dea	PROPN
fbem-21436	1	34	model	model	PROPN
fbem-21436	1	35	-take	-take	PROPN
fbem-21436	1	36	chang'an	chang'an	NOUN
fbem-21436	1	37	group	group	NOUN
fbem-21436	1	38	as	as	ADP
fbem-21436	1	39	an	an	DET
fbem-21436	1	40	example	example	NOUN
fbem-21436	1	41	yuan	yuan	X
fbem-21436	1	42	zhang	zhang	PROPN
fbem-21436	1	43	chongqing	chongqing	PROPN
fbem-21436	1	44	university	university	PROPN
fbem-21436	1	45	of	of	ADP
fbem-21436	1	46	technology	technology	NOUN
fbem-21436	1	47	,	,	PUNCT
fbem-21436	1	48	chongqing	chongqe	VERB
fbem-21436	1	49	400000	400000	NUM
fbem-21436	1	50	,	,	PUNCT
fbem-21436	1	51	china	china	PROPN
fbem-21436	1	52	abstract	abstract	NOUN
fbem-21436	1	53	:	:	PUNCT
fbem-21436	1	54	based	base	VERB
fbem-21436	1	55	on	on	ADP
fbem-21436	1	56	the	the	DET
fbem-21436	1	57	dea	dea	PROPN
fbem-21436	1	58	model	model	NOUN
fbem-21436	1	59	,	,	PUNCT
fbem-21436	1	60	this	this	DET
fbem-21436	1	61	paper	paper	NOUN
fbem-21436	1	62	constructs	construct	VERB
fbem-21436	1	63	a	a	DET
fbem-21436	1	64	mathematical	mathematical	ADJ
fbem-21436	1	65	model	model	NOUN
fbem-21436	1	66	representing	represent	VERB
fbem-21436	1	67	the	the	DET
fbem-21436	1	68	process	process	NOUN
fbem-21436	1	69	of	of	ADP
fbem-21436	1	70	corporate	corporate	ADJ
fbem-21436	1	71	governance	governance	NOUN
fbem-21436	1	72	from	from	ADP
fbem-21436	1	73	the	the	DET
fbem-21436	1	74	perspective	perspective	NOUN
fbem-21436	1	75	of	of	ADP
fbem-21436	1	76	input	input	NOUN
fbem-21436	1	77	-	-	PUNCT
fbem-21436	1	78	output	output	NOUN
fbem-21436	1	79	,	,	PUNCT
fbem-21436	1	80	from	from	ADP
fbem-21436	1	81	the	the	DET
fbem-21436	1	82	point	point	NOUN
fbem-21436	1	83	of	of	ADP
fbem-21436	1	84	view	view	NOUN
fbem-21436	1	85	of	of	ADP
fbem-21436	1	86	exploring	explore	VERB
fbem-21436	1	87	the	the	DET
fbem-21436	1	88	essence	essence	NOUN
fbem-21436	1	89	of	of	ADP
fbem-21436	1	90	corporate	corporate	ADJ
fbem-21436	1	91	governance	governance	NOUN
fbem-21436	1	92	and	and	CCONJ
fbem-21436	1	93	improving	improve	VERB
fbem-21436	1	94	the	the	DET
fbem-21436	1	95	efficiency	efficiency	NOUN
fbem-21436	1	96	of	of	ADP
fbem-21436	1	97	corporate	corporate	ADJ
fbem-21436	1	98	governance	governance	NOUN
fbem-21436	1	99	,	,	PUNCT
fbem-21436	1	100	taking	take	VERB
fbem-21436	1	101	chang	chang	PROPN
fbem-21436	1	102	‘	'	PUNCT
fbem-21436	1	103	an	an	DET
fbem-21436	1	104	group	group	NOUN
fbem-21436	1	105	from	from	ADP
fbem-21436	1	106	2016	2016	NUM
fbem-21436	1	107	to	to	ADP
fbem-21436	1	108	2020	2020	NUM
fbem-21436	1	109	as	as	ADP
fbem-21436	1	110	the	the	DET
fbem-21436	1	111	research	research	NOUN
fbem-21436	1	112	sample	sample	NOUN
fbem-21436	1	113	,	,	PUNCT
fbem-21436	1	114	this	this	DET
fbem-21436	1	115	paper	paper	NOUN
fbem-21436	1	116	calculates	calculate	VERB
fbem-21436	1	117	the	the	DET
fbem-21436	1	118	value	value	NOUN
fbem-21436	1	119	of	of	ADP
fbem-21436	1	120	chang	chang	PROPN
fbem-21436	1	121	‘	'	PUNCT
fbem-21436	1	122	an	an	DET
fbem-21436	1	123	company	company	NOUN
fbem-21436	1	124	’s	’s	PART
fbem-21436	1	125	governance	governance	NOUN
fbem-21436	1	126	efficiency	efficiency	NOUN
fbem-21436	1	127	,	,	PUNCT
fbem-21436	1	128	evaluates	evaluate	VERB
fbem-21436	1	129	the	the	DET
fbem-21436	1	130	level	level	NOUN
fbem-21436	1	131	of	of	ADP
fbem-21436	1	132	chang	chang	PROPN
fbem-21436	1	133	‘	'	PUNCT
fbem-21436	1	134	an	an	DET
fbem-21436	1	135	company	company	NOUN
fbem-21436	1	136	’s	’s	PART
fbem-21436	1	137	governance	governance	NOUN
fbem-21436	1	138	and	and	CCONJ
fbem-21436	1	139	gives	give	VERB
fbem-21436	1	140	some	some	DET
fbem-21436	1	141	relevant	relevant	ADJ
fbem-21436	1	142	suggestions	suggestion	NOUN
fbem-21436	1	143	.	.	PUNCT
fbem-21436	2	1	the	the	DET
fbem-21436	2	2	empirical	empirical	ADJ
fbem-21436	2	3	results	result	NOUN
fbem-21436	2	4	show	show	VERB
fbem-21436	2	5	that	that	SCONJ
fbem-21436	2	6	from	from	ADP
fbem-21436	2	7	2016	2016	NUM
fbem-21436	2	8	to	to	ADP
fbem-21436	2	9	2020	2020	NUM
fbem-21436	2	10	,	,	PUNCT
fbem-21436	2	11	the	the	DET
fbem-21436	2	12	corporate	corporate	ADJ
fbem-21436	2	13	governance	governance	NOUN
fbem-21436	2	14	efficiency	efficiency	NOUN
fbem-21436	2	15	of	of	ADP
fbem-21436	2	16	chang	chang	PROPN
fbem-21436	2	17	‘	'	PUNCT
fbem-21436	2	18	an	an	DET
fbem-21436	2	19	company	company	NOUN
fbem-21436	2	20	shows	show	VERB
fbem-21436	2	21	a	a	DET
fbem-21436	2	22	trend	trend	NOUN
fbem-21436	2	23	of	of	ADP
fbem-21436	2	24	decreasing	decrease	VERB
fbem-21436	2	25	first	first	ADV
fbem-21436	2	26	and	and	CCONJ
fbem-21436	2	27	then	then	ADV
fbem-21436	2	28	increasing	increase	VERB
fbem-21436	2	29	,	,	PUNCT
fbem-21436	2	30	and	and	CCONJ
fbem-21436	2	31	there	there	PRON
fbem-21436	2	32	are	be	VERB
fbem-21436	2	33	still	still	ADV
fbem-21436	2	34	some	some	DET
fbem-21436	2	35	problems	problem	NOUN
fbem-21436	2	36	.	.	PUNCT
fbem-21436	3	1	finally	finally	ADV
fbem-21436	3	2	,	,	PUNCT
fbem-21436	3	3	the	the	DET
fbem-21436	3	4	paper	paper	NOUN
fbem-21436	3	5	puts	put	VERB
fbem-21436	3	6	forward	forward	ADV
fbem-21436	3	7	some	some	DET
fbem-21436	3	8	optimization	optimization	NOUN
fbem-21436	3	9	suggestions	suggestion	NOUN
fbem-21436	3	10	to	to	PART
fbem-21436	3	11	provide	provide	VERB
fbem-21436	3	12	reference	reference	NOUN
fbem-21436	3	13	for	for	ADP
fbem-21436	3	14	other	other	ADJ
fbem-21436	3	15	enterprises	enterprise	NOUN
fbem-21436	3	16	to	to	PART
fbem-21436	3	17	improve	improve	VERB
fbem-21436	3	18	corporate	corporate	ADJ
fbem-21436	3	19	governance	governance	NOUN
fbem-21436	3	20	efficiency	efficiency	NOUN
fbem-21436	3	21	,	,	PUNCT
fbem-21436	3	22	at	at	ADP
fbem-21436	3	23	the	the	DET
fbem-21436	3	24	same	same	ADJ
fbem-21436	3	25	time	time	NOUN
fbem-21436	3	26	,	,	PUNCT
fbem-21436	3	27	it	it	PRON
fbem-21436	3	28	provides	provide	VERB
fbem-21436	3	29	a	a	DET
fbem-21436	3	30	new	new	ADJ
fbem-21436	3	31	idea	idea	NOUN
fbem-21436	3	32	for	for	ADP
fbem-21436	3	33	the	the	DET
fbem-21436	3	34	state	state	NOUN
fbem-21436	3	35	-	-	PUNCT
fbem-21436	3	36	owned	own	VERB
fbem-21436	3	37	enterprises	enterprise	NOUN
fbem-21436	3	38	how	how	SCONJ
fbem-21436	3	39	to	to	PART
fbem-21436	3	40	evaluate	evaluate	VERB
fbem-21436	3	41	the	the	DET
fbem-21436	3	42	efficiency	efficiency	NOUN
fbem-21436	3	43	of	of	ADP
fbem-21436	3	44	corporate	corporate	ADJ
fbem-21436	3	45	governance	governance	NOUN
fbem-21436	3	46	objectively	objectively	ADV
fbem-21436	3	47	.	.	PUNCT
fbem-21436	4	1	keywords	keyword	NOUN
fbem-21436	4	2	:	:	PUNCT
fbem-21436	4	3	corporate	corporate	ADJ
fbem-21436	4	4	governance	governance	NOUN
fbem-21436	4	5	;	;	PUNCT
fbem-21436	4	6	corporate	corporate	ADJ
fbem-21436	4	7	governance	governance	NOUN
fbem-21436	4	8	efficiency	efficiency	NOUN
fbem-21436	4	9	evaluation	evaluation	NOUN
fbem-21436	4	10	;	;	PUNCT
fbem-21436	4	11	dea	dea	PROPN
fbem-21436	4	12	model	model	PROPN
fbem-21436	4	13	.	.	PUNCT
fbem-21436	5	1	1	1	X
fbem-21436	5	2	.	.	X
fbem-21436	5	3	introduction	introduction	NOUN
fbem-21436	5	4	1.1	1.1	NUM
fbem-21436	5	5	.	.	PUNCT
fbem-21436	6	1	background	background	NOUN
fbem-21436	6	2	recently	recently	ADV
fbem-21436	6	3	.	.	PUNCT
fbem-21436	7	1	corporate	corporate	ADJ
fbem-21436	7	2	governance	governance	NOUN
fbem-21436	7	3	has	have	AUX
fbem-21436	7	4	received	receive	VERB
fbem-21436	7	5	extensive	extensive	ADJ
fbem-21436	7	6	attention	attention	NOUN
fbem-21436	7	7	from	from	ADP
fbem-21436	7	8	both	both	CCONJ
fbem-21436	7	9	practical	practical	ADJ
fbem-21436	7	10	and	and	CCONJ
fbem-21436	7	11	theoretical	theoretical	ADJ
fbem-21436	7	12	circles	circle	NOUN
fbem-21436	7	13	around	around	ADP
fbem-21436	7	14	the	the	DET
fbem-21436	7	15	world	world	NOUN
fbem-21436	7	16	.	.	PUNCT
fbem-21436	8	1	first	first	ADV
fbem-21436	8	2	,	,	PUNCT
fbem-21436	8	3	corporate	corporate	ADJ
fbem-21436	8	4	governance	governance	NOUN
fbem-21436	8	5	issues	issue	NOUN
fbem-21436	8	6	are	be	AUX
fbem-21436	8	7	getting	get	VERB
fbem-21436	8	8	worse	bad	ADJ
fbem-21436	8	9	:	:	PUNCT
fbem-21436	8	10	there	there	PRON
fbem-21436	8	11	are	be	VERB
fbem-21436	8	12	issues	issue	NOUN
fbem-21436	8	13	such	such	ADJ
fbem-21436	8	14	as	as	ADP
fbem-21436	8	15	high	high	ADJ
fbem-21436	8	16	compensation	compensation	NOUN
fbem-21436	8	17	of	of	ADP
fbem-21436	8	18	corporate	corporate	ADJ
fbem-21436	8	19	executives	executive	NOUN
fbem-21436	8	20	that	that	PRON
fbem-21436	8	21	have	have	AUX
fbem-21436	8	22	caused	cause	VERB
fbem-21436	8	23	dissatisfaction	dissatisfaction	NOUN
fbem-21436	8	24	among	among	ADP
fbem-21436	8	25	shareholders	shareholder	NOUN
fbem-21436	8	26	and	and	CCONJ
fbem-21436	8	27	other	other	ADJ
fbem-21436	8	28	stakeholders	stakeholder	NOUN
fbem-21436	8	29	,	,	PUNCT
fbem-21436	8	30	increasing	increase	VERB
fbem-21436	8	31	regulatory	regulatory	ADJ
fbem-21436	8	32	awareness	awareness	NOUN
fbem-21436	8	33	among	among	ADP
fbem-21436	8	34	institutional	institutional	ADJ
fbem-21436	8	35	investors	investor	NOUN
fbem-21436	8	36	,	,	PUNCT
fbem-21436	8	37	and	and	CCONJ
fbem-21436	8	38	more	more	ADJ
fbem-21436	8	39	stakeholders	stakeholder	NOUN
fbem-21436	8	40	getting	getting	AUX
fbem-21436	8	41	involved	involve	VERB
fbem-21436	8	42	in	in	ADP
fbem-21436	8	43	corporate	corporate	ADJ
fbem-21436	8	44	governance	governance	NOUN
fbem-21436	8	45	.	.	PUNCT
fbem-21436	9	1	second	second	ADJ
fbem-21436	9	2	,	,	PUNCT
fbem-21436	9	3	good	good	ADJ
fbem-21436	9	4	corporate	corporate	ADJ
fbem-21436	9	5	governance	governance	NOUN
fbem-21436	9	6	can	can	AUX
fbem-21436	9	7	promote	promote	VERB
fbem-21436	9	8	the	the	DET
fbem-21436	9	9	rationalization	rationalization	NOUN
fbem-21436	9	10	of	of	ADP
fbem-21436	9	11	the	the	DET
fbem-21436	9	12	equity	equity	NOUN
fbem-21436	9	13	structure	structure	NOUN
fbem-21436	9	14	of	of	ADP
fbem-21436	9	15	the	the	DET
fbem-21436	9	16	enterprise	enterprise	NOUN
fbem-21436	9	17	,	,	PUNCT
fbem-21436	9	18	strengthen	strengthen	VERB
fbem-21436	9	19	the	the	DET
fbem-21436	9	20	internal	internal	ADJ
fbem-21436	9	21	control	control	NOUN
fbem-21436	9	22	of	of	ADP
fbem-21436	9	23	the	the	DET
fbem-21436	9	24	enterprise	enterprise	NOUN
fbem-21436	9	25	,	,	PUNCT
fbem-21436	9	26	reduce	reduce	VERB
fbem-21436	9	27	the	the	DET
fbem-21436	9	28	agency	agency	NOUN
fbem-21436	9	29	cost	cost	NOUN
fbem-21436	9	30	of	of	ADP
fbem-21436	9	31	the	the	DET
fbem-21436	9	32	enterprise	enterprise	NOUN
fbem-21436	9	33	,	,	PUNCT
fbem-21436	9	34	enhance	enhance	VERB
fbem-21436	9	35	the	the	DET
fbem-21436	9	36	core	core	NOUN
fbem-21436	9	37	competitiveness	competitiveness	NOUN
fbem-21436	9	38	of	of	ADP
fbem-21436	9	39	the	the	DET
fbem-21436	9	40	enterprise	enterprise	NOUN
fbem-21436	9	41	,	,	PUNCT
fbem-21436	9	42	improve	improve	VERB
fbem-21436	9	43	the	the	DET
fbem-21436	9	44	operating	operating	NOUN
fbem-21436	9	45	performance	performance	NOUN
fbem-21436	9	46	,	,	PUNCT
fbem-21436	9	47	and	and	CCONJ
fbem-21436	9	48	achieve	achieve	VERB
fbem-21436	9	49	the	the	DET
fbem-21436	9	50	sustainable	sustainable	ADJ
fbem-21436	9	51	development	development	NOUN
fbem-21436	9	52	of	of	ADP
fbem-21436	9	53	the	the	DET
fbem-21436	9	54	enterprise	enterprise	NOUN
fbem-21436	9	55	.	.	PUNCT
fbem-21436	10	1	third	third	ADJ
fbem-21436	10	2	,	,	PUNCT
fbem-21436	10	3	corporate	corporate	ADJ
fbem-21436	10	4	governance	governance	NOUN
fbem-21436	10	5	is	be	AUX
fbem-21436	10	6	the	the	DET
fbem-21436	10	7	governance	governance	NOUN
fbem-21436	10	8	of	of	ADP
fbem-21436	10	9	the	the	DET
fbem-21436	10	10	corporate	corporate	ADJ
fbem-21436	10	11	system	system	NOUN
fbem-21436	10	12	.	.	PUNCT
fbem-21436	11	1	however	however	ADV
fbem-21436	11	2	,	,	PUNCT
fbem-21436	11	3	due	due	ADP
fbem-21436	11	4	to	to	ADP
fbem-21436	11	5	the	the	DET
fbem-21436	11	6	continuous	continuous	ADJ
fbem-21436	11	7	evolution	evolution	NOUN
fbem-21436	11	8	of	of	ADP
fbem-21436	11	9	the	the	DET
fbem-21436	11	10	corporate	corporate	ADJ
fbem-21436	11	11	system	system	NOUN
fbem-21436	11	12	,	,	PUNCT
fbem-21436	11	13	the	the	DET
fbem-21436	11	14	corporate	corporate	ADJ
fbem-21436	11	15	governance	governance	NOUN
fbem-21436	11	16	process	process	NOUN
fbem-21436	11	17	is	be	AUX
fbem-21436	11	18	not	not	PART
fbem-21436	11	19	once	once	ADV
fbem-21436	11	20	and	and	CCONJ
fbem-21436	11	21	for	for	ADP
fbem-21436	11	22	all	all	PRON
fbem-21436	11	23	,	,	PUNCT
fbem-21436	11	24	so	so	SCONJ
fbem-21436	11	25	enterprises	enterprise	NOUN
fbem-21436	11	26	need	need	VERB
fbem-21436	11	27	to	to	PART
fbem-21436	11	28	establish	establish	VERB
fbem-21436	11	29	different	different	ADJ
fbem-21436	11	30	corporate	corporate	ADJ
fbem-21436	11	31	governance	governance	NOUN
fbem-21436	11	32	mechanisms	mechanism	NOUN
fbem-21436	11	33	based	base	VERB
fbem-21436	11	34	on	on	ADP
fbem-21436	11	35	their	their	PRON
fbem-21436	11	36	own	own	ADJ
fbem-21436	11	37	characteristics	characteristic	NOUN
fbem-21436	11	38	and	and	CCONJ
fbem-21436	11	39	the	the	DET
fbem-21436	11	40	process	process	NOUN
fbem-21436	11	41	of	of	ADP
fbem-21436	11	42	assigning	assign	VERB
fbem-21436	11	43	shareholders	shareholder	NOUN
fbem-21436	11	44	'	'	PART
fbem-21436	11	45	rights	right	NOUN
fbem-21436	11	46	and	and	CCONJ
fbem-21436	11	47	responsibilities	responsibility	NOUN
fbem-21436	11	48	.	.	PUNCT
fbem-21436	12	1	therefore	therefore	ADV
fbem-21436	12	2	,	,	PUNCT
fbem-21436	12	3	the	the	DET
fbem-21436	12	4	evaluation	evaluation	NOUN
fbem-21436	12	5	of	of	ADP
fbem-21436	12	6	corporate	corporate	ADJ
fbem-21436	12	7	governance	governance	NOUN
fbem-21436	12	8	has	have	AUX
fbem-21436	12	9	gradually	gradually	ADV
fbem-21436	12	10	become	become	VERB
fbem-21436	12	11	an	an	DET
fbem-21436	12	12	important	important	ADJ
fbem-21436	12	13	research	research	NOUN
fbem-21436	12	14	direction	direction	NOUN
fbem-21436	12	15	,	,	PUNCT
fbem-21436	12	16	and	and	CCONJ
fbem-21436	12	17	practice	practice	NOUN
fbem-21436	12	18	shows	show	VERB
fbem-21436	12	19	that	that	SCONJ
fbem-21436	12	20	scientific	scientific	ADJ
fbem-21436	12	21	and	and	CCONJ
fbem-21436	12	22	reasonable	reasonable	ADJ
fbem-21436	12	23	evaluation	evaluation	NOUN
fbem-21436	12	24	methods	method	NOUN
fbem-21436	12	25	can	can	AUX
fbem-21436	12	26	help	help	VERB
fbem-21436	12	27	to	to	PART
fbem-21436	12	28	form	form	VERB
fbem-21436	12	29	reputation	reputation	NOUN
fbem-21436	12	30	constraints	constraint	NOUN
fbem-21436	12	31	,	,	PUNCT
fbem-21436	12	32	improve	improve	VERB
fbem-21436	12	33	the	the	DET
fbem-21436	12	34	level	level	NOUN
fbem-21436	12	35	of	of	ADP
fbem-21436	12	36	corporate	corporate	ADJ
fbem-21436	12	37	governance	governance	NOUN
fbem-21436	12	38	,	,	PUNCT
fbem-21436	12	39	and	and	CCONJ
fbem-21436	12	40	then	then	ADV
fbem-21436	12	41	promote	promote	VERB
fbem-21436	12	42	corporate	corporate	ADJ
fbem-21436	12	43	development	development	NOUN
fbem-21436	12	44	.	.	PUNCT
fbem-21436	13	1	therefore	therefore	ADV
fbem-21436	13	2	,	,	PUNCT
fbem-21436	13	3	this	this	DET
fbem-21436	13	4	paper	paper	NOUN
fbem-21436	13	5	takes	take	VERB
fbem-21436	13	6	the	the	DET
fbem-21436	13	7	exploration	exploration	NOUN
fbem-21436	13	8	of	of	ADP
fbem-21436	13	9	the	the	DET
fbem-21436	13	10	essence	essence	NOUN
fbem-21436	13	11	of	of	ADP
fbem-21436	13	12	corporate	corporate	ADJ
fbem-21436	13	13	governance	governance	NOUN
fbem-21436	13	14	and	and	CCONJ
fbem-21436	13	15	the	the	DET
fbem-21436	13	16	improvement	improvement	NOUN
fbem-21436	13	17	of	of	ADP
fbem-21436	13	18	corporate	corporate	ADJ
fbem-21436	13	19	governance	governance	NOUN
fbem-21436	13	20	efficiency	efficiency	NOUN
fbem-21436	13	21	as	as	ADP
fbem-21436	13	22	the	the	DET
fbem-21436	13	23	starting	starting	NOUN
fbem-21436	13	24	point	point	NOUN
fbem-21436	13	25	,	,	PUNCT
fbem-21436	13	26	constructs	construct	VERB
fbem-21436	13	27	a	a	DET
fbem-21436	13	28	mathematical	mathematical	ADJ
fbem-21436	13	29	model	model	NOUN
fbem-21436	13	30	representing	represent	VERB
fbem-21436	13	31	the	the	DET
fbem-21436	13	32	corporate	corporate	ADJ
fbem-21436	13	33	governance	governance	NOUN
fbem-21436	13	34	process	process	NOUN
fbem-21436	13	35	from	from	ADP
fbem-21436	13	36	the	the	DET
fbem-21436	13	37	perspective	perspective	NOUN
fbem-21436	13	38	of	of	ADP
fbem-21436	13	39	input	input	NOUN
fbem-21436	13	40	and	and	CCONJ
fbem-21436	13	41	output	output	NOUN
fbem-21436	13	42	based	base	VERB
fbem-21436	13	43	on	on	ADP
fbem-21436	13	44	the	the	DET
fbem-21436	13	45	dea	dea	PROPN
fbem-21436	13	46	model	model	NOUN
fbem-21436	13	47	,	,	PUNCT
fbem-21436	13	48	and	and	CCONJ
fbem-21436	13	49	uses	use	VERB
fbem-21436	13	50	the	the	DET
fbem-21436	13	51	data	datum	NOUN
fbem-21436	13	52	envelopment	envelopment	ADJ
fbem-21436	13	53	analysis	analysis	NOUN
fbem-21436	13	54	(	(	PUNCT
fbem-21436	13	55	dea	dea	NOUN
fbem-21436	13	56	)	)	PUNCT
fbem-21436	13	57	method	method	NOUN
fbem-21436	13	58	to	to	PART
fbem-21436	13	59	evaluate	evaluate	VERB
fbem-21436	13	60	corporate	corporate	ADJ
fbem-21436	13	61	governance	governance	NOUN
fbem-21436	13	62	and	and	CCONJ
fbem-21436	13	63	its	its	PRON
fbem-21436	13	64	efficiency	efficiency	NOUN
fbem-21436	13	65	.	.	PUNCT
fbem-21436	14	1	1.2	1.2	NUM
fbem-21436	14	2	.	.	PUNCT
fbem-21436	14	3	research	research	NOUN
fbem-21436	14	4	implications	implication	NOUN
fbem-21436	14	5	practice	practice	NOUN
fbem-21436	14	6	shows	show	VERB
fbem-21436	14	7	that	that	SCONJ
fbem-21436	14	8	scientific	scientific	ADJ
fbem-21436	14	9	and	and	CCONJ
fbem-21436	14	10	reasonable	reasonable	ADJ
fbem-21436	14	11	evaluation	evaluation	NOUN
fbem-21436	14	12	methods	method	NOUN
fbem-21436	14	13	can	can	AUX
fbem-21436	14	14	help	help	VERB
fbem-21436	14	15	to	to	PART
fbem-21436	14	16	form	form	VERB
fbem-21436	14	17	reputation	reputation	NOUN
fbem-21436	14	18	constraints	constraint	NOUN
fbem-21436	14	19	,	,	PUNCT
fbem-21436	14	20	improve	improve	VERB
fbem-21436	14	21	the	the	DET
fbem-21436	14	22	level	level	NOUN
fbem-21436	14	23	of	of	ADP
fbem-21436	14	24	corporate	corporate	ADJ
fbem-21436	14	25	governance	governance	NOUN
fbem-21436	14	26	,	,	PUNCT
fbem-21436	14	27	and	and	CCONJ
fbem-21436	14	28	then	then	ADV
fbem-21436	14	29	promote	promote	VERB
fbem-21436	14	30	the	the	DET
fbem-21436	14	31	development	development	NOUN
fbem-21436	14	32	of	of	ADP
fbem-21436	14	33	the	the	DET
fbem-21436	14	34	company	company	NOUN
fbem-21436	14	35	.	.	PUNCT
fbem-21436	15	1	based	base	VERB
fbem-21436	15	2	on	on	ADP
fbem-21436	15	3	this	this	PRON
fbem-21436	15	4	,	,	PUNCT
fbem-21436	15	5	this	this	DET
fbem-21436	15	6	paper	paper	NOUN
fbem-21436	15	7	constructs	construct	VERB
fbem-21436	15	8	a	a	DET
fbem-21436	15	9	mathematical	mathematical	ADJ
fbem-21436	15	10	model	model	NOUN
fbem-21436	15	11	representing	represent	VERB
fbem-21436	15	12	the	the	DET
fbem-21436	15	13	corporate	corporate	ADJ
fbem-21436	15	14	governance	governance	NOUN
fbem-21436	15	15	process	process	NOUN
fbem-21436	15	16	from	from	ADP
fbem-21436	15	17	the	the	DET
fbem-21436	15	18	perspective	perspective	NOUN
fbem-21436	15	19	of	of	ADP
fbem-21436	15	20	input	input	NOUN
fbem-21436	15	21	and	and	CCONJ
fbem-21436	15	22	output	output	NOUN
fbem-21436	15	23	,	,	PUNCT
fbem-21436	15	24	and	and	CCONJ
fbem-21436	15	25	tries	try	VERB
fbem-21436	15	26	to	to	PART
fbem-21436	15	27	calculate	calculate	VERB
fbem-21436	15	28	the	the	DET
fbem-21436	15	29	governance	governance	NOUN
fbem-21436	15	30	efficiency	efficiency	NOUN
fbem-21436	15	31	value	value	NOUN
fbem-21436	15	32	of	of	ADP
fbem-21436	15	33	chang'an	chang'an	NOUN
fbem-21436	15	34	by	by	ADP
fbem-21436	15	35	using	use	VERB
fbem-21436	15	36	the	the	DET
fbem-21436	15	37	dea	dea	NOUN
fbem-21436	15	38	method	method	NOUN
fbem-21436	15	39	to	to	PART
fbem-21436	15	40	understand	understand	VERB
fbem-21436	15	41	the	the	DET
fbem-21436	15	42	level	level	NOUN
fbem-21436	15	43	of	of	ADP
fbem-21436	15	44	corporate	corporate	ADJ
fbem-21436	15	45	governance	governance	NOUN
fbem-21436	15	46	in	in	ADP
fbem-21436	15	47	chang'an	chang'an	NOUN
fbem-21436	15	48	.	.	PUNCT
fbem-21436	16	1	at	at	ADP
fbem-21436	16	2	present	present	ADJ
fbem-21436	16	3	,	,	PUNCT
fbem-21436	16	4	there	there	PRON
fbem-21436	16	5	is	be	VERB
fbem-21436	16	6	no	no	DET
fbem-21436	16	7	unified	unified	ADJ
fbem-21436	16	8	method	method	NOUN
fbem-21436	16	9	for	for	ADP
fbem-21436	16	10	evaluating	evaluate	VERB
fbem-21436	16	11	the	the	DET
fbem-21436	16	12	corporate	corporate	ADJ
fbem-21436	16	13	governance	governance	NOUN
fbem-21436	16	14	efficiency	efficiency	NOUN
fbem-21436	16	15	of	of	ADP
fbem-21436	16	16	state	state	NOUN
fbem-21436	16	17	-	-	PUNCT
fbem-21436	16	18	owned	own	VERB
fbem-21436	16	19	enterprises	enterprise	NOUN
fbem-21436	16	20	.	.	PUNCT
fbem-21436	17	1	based	base	VERB
fbem-21436	17	2	on	on	ADP
fbem-21436	17	3	the	the	DET
fbem-21436	17	4	particularity	particularity	NOUN
fbem-21436	17	5	of	of	ADP
fbem-21436	17	6	the	the	DET
fbem-21436	17	7	corporate	corporate	ADJ
fbem-21436	17	8	governance	governance	NOUN
fbem-21436	17	9	of	of	ADP
fbem-21436	17	10	state	state	NOUN
fbem-21436	17	11	-	-	PUNCT
fbem-21436	17	12	owned	own	VERB
fbem-21436	17	13	enterprises	enterprise	NOUN
fbem-21436	17	14	,	,	PUNCT
fbem-21436	17	15	this	this	DET
fbem-21436	17	16	paper	paper	NOUN
fbem-21436	17	17	scientifically	scientifically	ADV
fbem-21436	17	18	selects	select	VERB
fbem-21436	17	19	the	the	DET
fbem-21436	17	20	corresponding	corresponding	ADJ
fbem-21436	17	21	indicators	indicator	NOUN
fbem-21436	17	22	,	,	PUNCT
fbem-21436	17	23	tries	try	VERB
fbem-21436	17	24	to	to	PART
fbem-21436	17	25	evaluate	evaluate	VERB
fbem-21436	17	26	the	the	DET
fbem-21436	17	27	corporate	corporate	ADJ
fbem-21436	17	28	governance	governance	NOUN
fbem-21436	17	29	efficiency	efficiency	NOUN
fbem-21436	17	30	of	of	ADP
fbem-21436	17	31	state	state	NOUN
fbem-21436	17	32	-	-	PUNCT
fbem-21436	17	33	owned	own	VERB
fbem-21436	17	34	enterprises	enterprise	NOUN
fbem-21436	17	35	with	with	ADP
fbem-21436	17	36	the	the	DET
fbem-21436	17	37	help	help	NOUN
fbem-21436	17	38	of	of	ADP
fbem-21436	17	39	the	the	DET
fbem-21436	17	40	dea	dea	PROPN
fbem-21436	17	41	model	model	NOUN
fbem-21436	17	42	,	,	PUNCT
fbem-21436	17	43	and	and	CCONJ
fbem-21436	17	44	selects	select	NOUN
fbem-21436	17	45	chang'an	chang'an	VERB
fbem-21436	17	46	group	group	NOUN
fbem-21436	17	47	as	as	ADP
fbem-21436	17	48	an	an	DET
fbem-21436	17	49	application	application	NOUN
fbem-21436	17	50	case	case	NOUN
fbem-21436	17	51	to	to	PART
fbem-21436	17	52	find	find	VERB
fbem-21436	17	53	the	the	DET
fbem-21436	17	54	problems	problem	NOUN
fbem-21436	17	55	existing	exist	VERB
fbem-21436	17	56	in	in	ADP
fbem-21436	17	57	its	its	PRON
fbem-21436	17	58	corporate	corporate	ADJ
fbem-21436	17	59	governance	governance	NOUN
fbem-21436	17	60	,	,	PUNCT
fbem-21436	17	61	evaluates	evaluate	VERB
fbem-21436	17	62	its	its	PRON
fbem-21436	17	63	corporate	corporate	ADJ
fbem-21436	17	64	governance	governance	NOUN
fbem-21436	17	65	and	and	CCONJ
fbem-21436	17	66	efficiency	efficiency	NOUN
fbem-21436	17	67	,	,	PUNCT
fbem-21436	17	68	and	and	CCONJ
fbem-21436	17	69	puts	put	VERB
fbem-21436	17	70	forward	forward	ADV
fbem-21436	17	71	optimization	optimization	NOUN
fbem-21436	17	72	suggestions	suggestion	NOUN
fbem-21436	17	73	,	,	PUNCT
fbem-21436	17	74	hoping	hope	VERB
fbem-21436	17	75	to	to	PART
fbem-21436	17	76	provide	provide	VERB
fbem-21436	17	77	reference	reference	NOUN
fbem-21436	17	78	opinions	opinion	NOUN
fbem-21436	17	79	for	for	ADP
fbem-21436	17	80	chang'an	chang'an	NOUN
fbem-21436	17	81	group	group	NOUN
fbem-21436	17	82	to	to	PART
fbem-21436	17	83	improve	improve	VERB
fbem-21436	17	84	the	the	DET
fbem-21436	17	85	efficiency	efficiency	NOUN
fbem-21436	17	86	of	of	ADP
fbem-21436	17	87	corporate	corporate	ADJ
fbem-21436	17	88	governance	governance	NOUN
fbem-21436	17	89	.	.	PUNCT
fbem-21436	18	1	1.3	1.3	NUM
fbem-21436	18	2	.	.	PUNCT
fbem-21436	19	1	research	research	NOUN
fbem-21436	19	2	methodology	methodology	NOUN
fbem-21436	19	3	data	datum	NOUN
fbem-21436	19	4	envelopment	envelopment	ADJ
fbem-21436	19	5	analysis	analysis	NOUN
fbem-21436	19	6	is	be	AUX
fbem-21436	19	7	a	a	DET
fbem-21436	19	8	new	new	ADJ
fbem-21436	19	9	interdisciplinary	interdisciplinary	ADJ
fbem-21436	19	10	field	field	NOUN
fbem-21436	19	11	of	of	ADP
fbem-21436	19	12	mathematics	mathematic	NOUN
fbem-21436	19	13	,	,	PUNCT
fbem-21436	19	14	operations	operation	NOUN
fbem-21436	19	15	research	research	NOUN
fbem-21436	19	16	,	,	PUNCT
fbem-21436	19	17	mathematical	mathematical	ADJ
fbem-21436	19	18	economics	economic	NOUN
fbem-21436	19	19	and	and	CCONJ
fbem-21436	19	20	management	management	NOUN
fbem-21436	19	21	science	science	NOUN
fbem-21436	19	22	,	,	PUNCT
fbem-21436	19	23	and	and	CCONJ
fbem-21436	19	24	it	it	PRON
fbem-21436	19	25	is	be	AUX
fbem-21436	19	26	a	a	DET
fbem-21436	19	27	method	method	NOUN
fbem-21436	19	28	that	that	PRON
fbem-21436	19	29	uses	use	VERB
fbem-21436	19	30	mathematical	mathematical	ADJ
fbem-21436	19	31	programming	programming	NOUN
fbem-21436	19	32	models	model	NOUN
fbem-21436	19	33	to	to	PART
fbem-21436	19	34	evaluate	evaluate	VERB
fbem-21436	19	35	the	the	DET
fbem-21436	19	36	relative	relative	ADJ
fbem-21436	19	37	effectiveness	effectiveness	NOUN
fbem-21436	19	38	of	of	ADP
fbem-21436	19	39	multiple	multiple	ADJ
fbem-21436	19	40	input	input	NOUN
fbem-21436	19	41	and	and	CCONJ
fbem-21436	19	42	multiple	multiple	ADJ
fbem-21436	19	43	output	output	NOUN
fbem-21436	19	44	"	"	PUNCT
fbem-21436	19	45	units	unit	NOUN
fbem-21436	19	46	"	"	PUNCT
fbem-21436	19	47	.	.	PUNCT
fbem-21436	20	1	the	the	DET
fbem-21436	20	2	two	two	NUM
fbem-21436	20	3	main	main	ADJ
fbem-21436	20	4	evaluation	evaluation	NOUN
fbem-21436	20	5	models	model	NOUN
fbem-21436	20	6	in	in	ADP
fbem-21436	20	7	the	the	DET
fbem-21436	20	8	dea	dea	PROPN
fbem-21436	20	9	method	method	NOUN
fbem-21436	20	10	(	(	PUNCT
fbem-21436	20	11	ccr	ccr	PROPN
fbem-21436	20	12	and	and	CCONJ
fbem-21436	20	13	bcc	bcc	PROPN
fbem-21436	20	14	model	model	PROPN
fbem-21436	20	15	)	)	PUNCT
fbem-21436	20	16	are	be	AUX
fbem-21436	20	17	radial	radial	ADJ
fbem-21436	20	18	,	,	PUNCT
fbem-21436	20	19	that	that	ADV
fbem-21436	20	20	is	is	ADV
fbem-21436	20	21	,	,	PUNCT
fbem-21436	20	22	the	the	DET
fbem-21436	20	23	evaluation	evaluation	NOUN
fbem-21436	20	24	indicators	indicator	NOUN
fbem-21436	20	25	of	of	ADP
fbem-21436	20	26	input	input	NOUN
fbem-21436	20	27	and	and	CCONJ
fbem-21436	20	28	output	output	NOUN
fbem-21436	20	29	change	change	NOUN
fbem-21436	20	30	in	in	ADP
fbem-21436	20	31	proportion	proportion	NOUN
fbem-21436	20	32	to	to	ADP
fbem-21436	20	33	each	each	DET
fbem-21436	20	34	other	other	ADJ
fbem-21436	20	35	,	,	PUNCT
fbem-21436	20	36	and	and	CCONJ
fbem-21436	20	37	there	there	PRON
fbem-21436	20	38	is	be	VERB
fbem-21436	20	39	a	a	DET
fbem-21436	20	40	problem	problem	NOUN
fbem-21436	20	41	of	of	ADP
fbem-21436	20	42	index	index	NOUN
fbem-21436	20	43	selection	selection	NOUN
fbem-21436	20	44	in	in	ADP
fbem-21436	20	45	the	the	DET
fbem-21436	20	46	existing	exist	VERB
fbem-21436	20	47	literature	literature	NOUN
fbem-21436	20	48	of	of	ADP
fbem-21436	20	49	dea	dea	PROPN
fbem-21436	20	50	model	model	PROPN
fbem-21436	20	51	,	,	PUNCT
fbem-21436	20	52	the	the	DET
fbem-21436	20	53	dea	dea	PROPN
fbem-21436	20	54	model	model	NOUN
fbem-21436	20	55	assumes	assume	VERB
fbem-21436	20	56	that	that	SCONJ
fbem-21436	20	57	the	the	DET
fbem-21436	20	58	less	less	ADJ
fbem-21436	20	59	input	input	NOUN
fbem-21436	20	60	is	be	AUX
fbem-21436	20	61	better	well	ADJ
fbem-21436	20	62	when	when	SCONJ
fbem-21436	20	63	the	the	DET
fbem-21436	20	64	output	output	NOUN
fbem-21436	20	65	is	be	AUX
fbem-21436	20	66	fixed	fix	VERB
fbem-21436	20	67	,	,	PUNCT
fbem-21436	20	68	or	or	CCONJ
fbem-21436	20	69	the	the	DET
fbem-21436	20	70	output	output	NOUN
fbem-21436	20	71	increases	increase	VERB
fbem-21436	20	72	as	as	ADV
fbem-21436	20	73	much	much	ADV
fbem-21436	20	74	as	as	ADP
fbem-21436	20	75	possible	possible	ADJ
fbem-21436	20	76	when	when	SCONJ
fbem-21436	20	77	the	the	DET
fbem-21436	20	78	input	input	NOUN
fbem-21436	20	79	is	be	AUX
fbem-21436	20	80	increased	increase	VERB
fbem-21436	20	81	,	,	PUNCT
fbem-21436	20	82	so	so	ADV
fbem-21436	20	83	some	some	PRON
fbem-21436	20	84	of	of	ADP
fbem-21436	20	85	the	the	DET
fbem-21436	20	86	variables	variable	NOUN
fbem-21436	20	87	representing	represent	VERB
fbem-21436	20	88	the	the	DET
fbem-21436	20	89	capital	capital	NOUN
fbem-21436	20	90	structure	structure	NOUN
fbem-21436	20	91	or	or	CCONJ
fbem-21436	20	92	equity	equity	NOUN
fbem-21436	20	93	216	216	NUM
fbem-21436	20	94	structure	structure	NOUN
fbem-21436	20	95	(	(	PUNCT
fbem-21436	20	96	such	such	ADJ
fbem-21436	20	97	as	as	ADP
fbem-21436	20	98	equity	equity	NOUN
fbem-21436	20	99	concentration	concentration	NOUN
fbem-21436	20	100	,	,	PUNCT
fbem-21436	20	101	board	board	NOUN
fbem-21436	20	102	size	size	NOUN
fbem-21436	20	103	,	,	PUNCT
fbem-21436	20	104	assetliability	assetliability	NOUN
fbem-21436	20	105	ratio	ratio	NOUN
fbem-21436	20	106	,	,	PUNCT
fbem-21436	20	107	etc	etc	X
fbem-21436	20	108	.	.	X
fbem-21436	20	109	)	)	PUNCT
fbem-21436	21	1	it	it	PRON
fbem-21436	21	2	does	do	AUX
fbem-21436	21	3	not	not	PART
fbem-21436	21	4	conform	conform	VERB
fbem-21436	21	5	to	to	ADP
fbem-21436	21	6	the	the	DET
fbem-21436	21	7	assumptions	assumption	NOUN
fbem-21436	21	8	of	of	ADP
fbem-21436	21	9	the	the	DET
fbem-21436	21	10	dea	dea	PROPN
fbem-21436	21	11	model	model	PROPN
fbem-21436	21	12	,	,	PUNCT
fbem-21436	21	13	which	which	PRON
fbem-21436	21	14	have	have	AUX
fbem-21436	21	15	been	be	AUX
fbem-21436	21	16	taken	take	VERB
fbem-21436	21	17	into	into	ADP
fbem-21436	21	18	account	account	NOUN
fbem-21436	21	19	in	in	ADP
fbem-21436	21	20	the	the	DET
fbem-21436	21	21	construction	construction	NOUN
fbem-21436	21	22	of	of	ADP
fbem-21436	21	23	the	the	DET
fbem-21436	21	24	corporate	corporate	ADJ
fbem-21436	21	25	governance	governance	NOUN
fbem-21436	21	26	model	model	NOUN
fbem-21436	21	27	in	in	ADP
fbem-21436	21	28	this	this	DET
fbem-21436	21	29	paper	paper	NOUN
fbem-21436	21	30	.	.	PUNCT
fbem-21436	22	1	there	there	PRON
fbem-21436	22	2	can	can	AUX
fbem-21436	22	3	be	be	AUX
fbem-21436	22	4	many	many	ADJ
fbem-21436	22	5	different	different	ADJ
fbem-21436	22	6	forms	form	NOUN
fbem-21436	22	7	of	of	ADP
fbem-21436	22	8	dea	dea	PROPN
fbem-21436	22	9	models	model	NOUN
fbem-21436	22	10	according	accord	VERB
fbem-21436	22	11	to	to	ADP
fbem-21436	22	12	different	different	ADJ
fbem-21436	22	13	evaluation	evaluation	NOUN
fbem-21436	22	14	purposes	purpose	NOUN
fbem-21436	22	15	,	,	PUNCT
fbem-21436	22	16	but	but	CCONJ
fbem-21436	22	17	the	the	DET
fbem-21436	22	18	corporate	corporate	ADJ
fbem-21436	22	19	governance	governance	NOUN
fbem-21436	22	20	efficiency	efficiency	NOUN
fbem-21436	22	21	is	be	AUX
fbem-21436	22	22	mainly	mainly	ADV
fbem-21436	22	23	to	to	PART
fbem-21436	22	24	evaluate	evaluate	VERB
fbem-21436	22	25	the	the	DET
fbem-21436	22	26	company	company	NOUN
fbem-21436	22	27	's	's	PART
fbem-21436	22	28	ability	ability	NOUN
fbem-21436	22	29	to	to	PART
fbem-21436	22	30	maximize	maximize	VERB
fbem-21436	22	31	output	output	NOUN
fbem-21436	22	32	when	when	SCONJ
fbem-21436	22	33	the	the	DET
fbem-21436	22	34	input	input	NOUN
fbem-21436	22	35	is	be	AUX
fbem-21436	22	36	fixed	fix	VERB
fbem-21436	22	37	or	or	CCONJ
fbem-21436	22	38	the	the	DET
fbem-21436	22	39	ability	ability	NOUN
fbem-21436	22	40	to	to	PART
fbem-21436	22	41	minimize	minimize	VERB
fbem-21436	22	42	the	the	DET
fbem-21436	22	43	input	input	NOUN
fbem-21436	22	44	when	when	SCONJ
fbem-21436	22	45	the	the	DET
fbem-21436	22	46	output	output	NOUN
fbem-21436	22	47	is	be	AUX
fbem-21436	22	48	fixed	fix	VERB
fbem-21436	22	49	after	after	ADP
fbem-21436	22	50	corporate	corporate	ADJ
fbem-21436	22	51	governance	governance	NOUN
fbem-21436	22	52	behavior	behavior	NOUN
fbem-21436	22	53	,	,	PUNCT
fbem-21436	22	54	so	so	SCONJ
fbem-21436	22	55	it	it	PRON
fbem-21436	22	56	is	be	AUX
fbem-21436	22	57	more	more	ADJ
fbem-21436	22	58	in	in	ADP
fbem-21436	22	59	line	line	NOUN
fbem-21436	22	60	with	with	ADP
fbem-21436	22	61	the	the	DET
fbem-21436	22	62	connotation	connotation	NOUN
fbem-21436	22	63	of	of	ADP
fbem-21436	22	64	corporate	corporate	ADJ
fbem-21436	22	65	governance	governance	NOUN
fbem-21436	22	66	to	to	PART
fbem-21436	22	67	choose	choose	VERB
fbem-21436	22	68	the	the	DET
fbem-21436	22	69	input	input	NOUN
fbem-21436	22	70	-	-	PUNCT
fbem-21436	22	71	oriented	orient	VERB
fbem-21436	22	72	bcc	bcc	PROPN
fbem-21436	22	73	model	model	NOUN
fbem-21436	22	74	and	and	CCONJ
fbem-21436	22	75	the	the	DET
fbem-21436	22	76	corresponding	corresponding	ADJ
fbem-21436	22	77	corporate	corporate	ADJ
fbem-21436	22	78	governance	governance	NOUN
fbem-21436	22	79	efficiency	efficiency	NOUN
fbem-21436	22	80	value	value	NOUN
fbem-21436	22	81	as	as	ADP
fbem-21436	22	82	the	the	DET
fbem-21436	22	83	efficiency	efficiency	NOUN
fbem-21436	22	84	evaluation	evaluation	NOUN
fbem-21436	22	85	index	index	NOUN
fbem-21436	22	86	.	.	PUNCT
fbem-21436	23	1	in	in	ADP
fbem-21436	23	2	this	this	DET
fbem-21436	23	3	paper	paper	NOUN
fbem-21436	23	4	,	,	PUNCT
fbem-21436	23	5	the	the	DET
fbem-21436	23	6	most	most	ADV
fbem-21436	23	7	basic	basic	ADJ
fbem-21436	23	8	dea	dea	PROPN
fbem-21436	23	9	model	model	NOUN
fbem-21436	23	10	,	,	PUNCT
fbem-21436	23	11	the	the	DET
fbem-21436	23	12	bcc	bcc	PROPN
fbem-21436	23	13	model	model	NOUN
fbem-21436	23	14	,	,	PUNCT
fbem-21436	23	15	is	be	AUX
fbem-21436	23	16	used	use	VERB
fbem-21436	23	17	to	to	PART
fbem-21436	23	18	evaluate	evaluate	VERB
fbem-21436	23	19	the	the	DET
fbem-21436	23	20	efficiency	efficiency	NOUN
fbem-21436	23	21	of	of	ADP
fbem-21436	23	22	corporate	corporate	ADJ
fbem-21436	23	23	governance	governance	NOUN
fbem-21436	23	24	.	.	PUNCT
fbem-21436	24	1	2	2	X
fbem-21436	24	2	.	.	X
fbem-21436	24	3	literature	literature	NOUN
fbem-21436	24	4	review	review	PROPN
fbem-21436	24	5	and	and	CCONJ
fbem-21436	24	6	theoretical	theoretical	ADJ
fbem-21436	24	7	analysis	analysis	NOUN
fbem-21436	24	8	at	at	ADP
fbem-21436	24	9	present	present	ADJ
fbem-21436	24	10	,	,	PUNCT
fbem-21436	24	11	the	the	DET
fbem-21436	24	12	research	research	NOUN
fbem-21436	24	13	on	on	ADP
fbem-21436	24	14	the	the	DET
fbem-21436	24	15	evaluation	evaluation	NOUN
fbem-21436	24	16	system	system	NOUN
fbem-21436	24	17	of	of	ADP
fbem-21436	24	18	corporate	corporate	ADJ
fbem-21436	24	19	governance	governance	NOUN
fbem-21436	24	20	can	can	AUX
fbem-21436	24	21	be	be	AUX
fbem-21436	24	22	roughly	roughly	ADV
fbem-21436	24	23	divided	divide	VERB
fbem-21436	24	24	into	into	ADP
fbem-21436	24	25	two	two	NUM
fbem-21436	24	26	categories	category	NOUN
fbem-21436	24	27	:	:	PUNCT
fbem-21436	24	28	comprehensive	comprehensive	ADJ
fbem-21436	24	29	index	index	NOUN
fbem-21436	24	30	evaluation	evaluation	NOUN
fbem-21436	24	31	method	method	NOUN
fbem-21436	24	32	and	and	CCONJ
fbem-21436	24	33	data	data	VERB
fbem-21436	24	34	envelopment	envelopment	ADJ
fbem-21436	24	35	analysis	analysis	NOUN
fbem-21436	24	36	method	method	NOUN
fbem-21436	24	37	.	.	PUNCT
fbem-21436	25	1	in	in	ADP
fbem-21436	25	2	the	the	DET
fbem-21436	25	3	composite	composite	ADJ
fbem-21436	25	4	index	index	NOUN
fbem-21436	25	5	evaluation	evaluation	NOUN
fbem-21436	25	6	method	method	NOUN
fbem-21436	25	7	,	,	PUNCT
fbem-21436	25	8	gompersetal	gompersetal	NOUN
fbem-21436	25	9	.	.	PUNCT
fbem-21436	26	1	(	(	PUNCT
fbem-21436	26	2	2003	2003	NUM
fbem-21436	26	3	)	)	PUNCT
fbem-21436	26	4	and	and	CCONJ
fbem-21436	26	5	bebchuketal	bebchuketal	ADJ
fbem-21436	26	6	.	.	PUNCT
fbem-21436	27	1	(	(	PUNCT
fbem-21436	27	2	2009	2009	NUM
fbem-21436	27	3	)	)	PUNCT
fbem-21436	27	4	divides	divide	VERB
fbem-21436	27	5	the	the	DET
fbem-21436	27	6	24	24	NUM
fbem-21436	27	7	elements	element	NOUN
fbem-21436	27	8	of	of	ADP
fbem-21436	27	9	governance	governance	NOUN
fbem-21436	27	10	into	into	ADP
fbem-21436	27	11	five	five	NUM
fbem-21436	27	12	dimensions	dimension	NOUN
fbem-21436	27	13	—	—	PUNCT
fbem-21436	27	14	hostile	hostile	ADJ
fbem-21436	27	15	takeover	takeover	NOUN
fbem-21436	27	16	mitigation	mitigation	NOUN
fbem-21436	27	17	tactics	tactic	NOUN
fbem-21436	27	18	,	,	PUNCT
fbem-21436	27	19	voting	voting	NOUN
fbem-21436	27	20	rights	right	NOUN
fbem-21436	27	21	,	,	PUNCT
fbem-21436	27	22	director	director	NOUN
fbem-21436	27	23	and	and	CCONJ
fbem-21436	27	24	officer	officer	NOUN
fbem-21436	27	25	protections	protection	NOUN
fbem-21436	27	26	,	,	PUNCT
fbem-21436	27	27	other	other	ADJ
fbem-21436	27	28	takeover	takeover	NOUN
fbem-21436	27	29	defenses	defense	NOUN
fbem-21436	27	30	,	,	PUNCT
fbem-21436	27	31	and	and	CCONJ
fbem-21436	27	32	national	national	ADJ
fbem-21436	27	33	laws	law	NOUN
fbem-21436	27	34	—	—	PUNCT
fbem-21436	27	35	and	and	CCONJ
fbem-21436	27	36	constructs	construct	VERB
fbem-21436	27	37	a	a	DET
fbem-21436	27	38	g	g	NOUN
fbem-21436	27	39	-	-	PUNCT
fbem-21436	27	40	index	index	NOUN
fbem-21436	27	41	or	or	CCONJ
fbem-21436	27	42	trench	trench	NOUN
fbem-21436	27	43	index	index	NOUN
fbem-21436	27	44	of	of	ADP
fbem-21436	27	45	corporate	corporate	ADJ
fbem-21436	27	46	governance	governance	NOUN
fbem-21436	27	47	.	.	PUNCT
fbem-21436	28	1	bai	bai	PROPN
fbem-21436	28	2	et	et	PROPN
fbem-21436	28	3	al	al	PROPN
fbem-21436	28	4	.	.	PROPN
fbem-21436	29	1	(	(	PUNCT
fbem-21436	29	2	2005	2005	NUM
fbem-21436	29	3	)	)	PUNCT
fbem-21436	29	4	evaluated	evaluate	VERB
fbem-21436	29	5	corporate	corporate	ADJ
fbem-21436	29	6	governance	governance	NOUN
fbem-21436	29	7	from	from	ADP
fbem-21436	29	8	three	three	NUM
fbem-21436	29	9	aspects	aspect	NOUN
fbem-21436	29	10	:	:	PUNCT
fbem-21436	29	11	internal	internal	ADJ
fbem-21436	29	12	,	,	PUNCT
fbem-21436	29	13	external	external	ADJ
fbem-21436	29	14	and	and	CCONJ
fbem-21436	29	15	governance	governance	NOUN
fbem-21436	29	16	mechanisms	mechanism	NOUN
fbem-21436	29	17	with	with	ADP
fbem-21436	29	18	chinese	chinese	ADJ
fbem-21436	29	19	characteristics	characteristic	NOUN
fbem-21436	29	20	,	,	PUNCT
fbem-21436	29	21	and	and	CCONJ
fbem-21436	29	22	li	li	PROPN
fbem-21436	29	23	hanjun	hanjun	PROPN
fbem-21436	29	24	and	and	CCONJ
fbem-21436	29	25	zhang	zhang	PROPN
fbem-21436	29	26	junxi	junxi	PROPN
fbem-21436	29	27	(	(	PUNCT
fbem-21436	29	28	2006	2006	NUM
fbem-21436	29	29	)	)	PUNCT
fbem-21436	29	30	evaluated	evaluate	VERB
fbem-21436	29	31	corporate	corporate	ADJ
fbem-21436	29	32	governance	governance	NOUN
fbem-21436	29	33	from	from	ADP
fbem-21436	29	34	four	four	NUM
fbem-21436	29	35	aspects	aspect	NOUN
fbem-21436	29	36	:	:	PUNCT
fbem-21436	29	37	independence	independence	NOUN
fbem-21436	29	38	and	and	CCONJ
fbem-21436	29	39	effectiveness	effectiveness	NOUN
fbem-21436	29	40	of	of	ADP
fbem-21436	29	41	board	board	NOUN
fbem-21436	29	42	of	of	ADP
fbem-21436	29	43	directors	director	NOUN
fbem-21436	29	44	,	,	PUNCT
fbem-21436	29	45	shareholding	shareholding	NOUN
fbem-21436	29	46	structure	structure	NOUN
fbem-21436	29	47	,	,	PUNCT
fbem-21436	29	48	management	management	NOUN
fbem-21436	29	49	and	and	CCONJ
fbem-21436	29	50	information	information	NOUN
fbem-21436	29	51	disclosure	disclosure	NOUN
fbem-21436	29	52	,	,	PUNCT
fbem-21436	29	53	and	and	CCONJ
fbem-21436	29	54	constructed	construct	VERB
fbem-21436	29	55	an	an	DET
fbem-21436	29	56	ig	ig	PROPN
fbem-21436	29	57	index	index	NOUN
fbem-21436	29	58	of	of	ADP
fbem-21436	29	59	corporate	corporate	ADJ
fbem-21436	29	60	governance	governance	NOUN
fbem-21436	29	61	level	level	NOUN
fbem-21436	29	62	by	by	ADP
fbem-21436	29	63	principal	principal	ADJ
fbem-21436	29	64	component	component	NOUN
fbem-21436	29	65	analysis	analysis	NOUN
fbem-21436	29	66	.	.	PUNCT
fbem-21436	30	1	the	the	DET
fbem-21436	30	2	corporate	corporate	ADJ
fbem-21436	30	3	governance	governance	NOUN
fbem-21436	30	4	evaluation	evaluation	NOUN
fbem-21436	30	5	research	research	NOUN
fbem-21436	30	6	group	group	NOUN
fbem-21436	30	7	of	of	ADP
fbem-21436	30	8	the	the	DET
fbem-21436	30	9	corporate	corporate	ADJ
fbem-21436	30	10	governance	governance	NOUN
fbem-21436	30	11	research	research	NOUN
fbem-21436	30	12	center	center	NOUN
fbem-21436	30	13	of	of	ADP
fbem-21436	30	14	nankai	nankai	PROPN
fbem-21436	30	15	university	university	PROPN
fbem-21436	30	16	(	(	PUNCT
fbem-21436	30	17	2004	2004	NUM
fbem-21436	30	18	,	,	PUNCT
fbem-21436	30	19	2006	2006	NUM
fbem-21436	30	20	)	)	PUNCT
fbem-21436	30	21	constructed	construct	VERB
fbem-21436	30	22	a	a	DET
fbem-21436	30	23	corporate	corporate	ADJ
fbem-21436	30	24	governance	governance	NOUN
fbem-21436	30	25	index	index	NOUN
fbem-21436	30	26	evaluation	evaluation	NOUN
fbem-21436	30	27	model	model	NOUN
fbem-21436	30	28	from	from	ADP
fbem-21436	30	29	six	six	NUM
fbem-21436	30	30	dimensions	dimension	NOUN
fbem-21436	30	31	:	:	PUNCT
fbem-21436	30	32	shareholders	shareholder	NOUN
fbem-21436	30	33	'	'	PART
fbem-21436	30	34	equity	equity	NOUN
fbem-21436	30	35	and	and	CCONJ
fbem-21436	30	36	controlling	control	VERB
fbem-21436	30	37	shareholders	shareholder	NOUN
fbem-21436	30	38	,	,	PUNCT
fbem-21436	30	39	directors	director	NOUN
fbem-21436	30	40	and	and	CCONJ
fbem-21436	30	41	boards	board	NOUN
fbem-21436	30	42	of	of	ADP
fbem-21436	30	43	directors	director	NOUN
fbem-21436	30	44	,	,	PUNCT
fbem-21436	30	45	managers	manager	NOUN
fbem-21436	30	46	,	,	PUNCT
fbem-21436	30	47	supervisors	supervisor	NOUN
fbem-21436	30	48	and	and	CCONJ
fbem-21436	30	49	boards	board	NOUN
fbem-21436	30	50	of	of	ADP
fbem-21436	30	51	supervisors	supervisor	NOUN
fbem-21436	30	52	,	,	PUNCT
fbem-21436	30	53	information	information	NOUN
fbem-21436	30	54	disclosure	disclosure	NOUN
fbem-21436	30	55	,	,	PUNCT
fbem-21436	30	56	and	and	CCONJ
fbem-21436	30	57	stakeholders	stakeholder	NOUN
fbem-21436	30	58	.	.	PUNCT
fbem-21436	31	1	hao	hao	PROPN
fbem-21436	31	2	chen	chen	PROPN
fbem-21436	31	3	(	(	PUNCT
fbem-21436	31	4	2009	2009	NUM
fbem-21436	31	5	)	)	PUNCT
fbem-21436	31	6	used	use	VERB
fbem-21436	31	7	the	the	DET
fbem-21436	31	8	factor	factor	NOUN
fbem-21436	31	9	analysis	analysis	NOUN
fbem-21436	31	10	method	method	NOUN
fbem-21436	31	11	to	to	PART
fbem-21436	31	12	extract	extract	VERB
fbem-21436	31	13	corporate	corporate	ADJ
fbem-21436	31	14	governance	governance	NOUN
fbem-21436	31	15	factors	factor	NOUN
fbem-21436	31	16	such	such	ADJ
fbem-21436	31	17	as	as	ADP
fbem-21436	31	18	equity	equity	NOUN
fbem-21436	31	19	concentration	concentration	NOUN
fbem-21436	31	20	,	,	PUNCT
fbem-21436	31	21	salary	salary	NOUN
fbem-21436	31	22	,	,	PUNCT
fbem-21436	31	23	long	long	ADJ
fbem-21436	31	24	-	-	PUNCT
fbem-21436	31	25	term	term	NOUN
fbem-21436	31	26	incentive	incentive	NOUN
fbem-21436	31	27	mechanism	mechanism	NOUN
fbem-21436	31	28	of	of	ADP
fbem-21436	31	29	directors	director	NOUN
fbem-21436	31	30	,	,	PUNCT
fbem-21436	31	31	supervisors	supervisor	NOUN
fbem-21436	31	32	and	and	CCONJ
fbem-21436	31	33	senior	senior	ADJ
fbem-21436	31	34	executives	executive	NOUN
fbem-21436	31	35	,	,	PUNCT
fbem-21436	31	36	and	and	CCONJ
fbem-21436	31	37	the	the	DET
fbem-21436	31	38	number	number	NOUN
fbem-21436	31	39	of	of	ADP
fbem-21436	31	40	meetings	meeting	NOUN
fbem-21436	31	41	of	of	ADP
fbem-21436	31	42	the	the	DET
fbem-21436	31	43	"	"	PUNCT
fbem-21436	31	44	three	three	NUM
fbem-21436	31	45	sessions	session	NOUN
fbem-21436	31	46	"	"	PUNCT
fbem-21436	31	47	,	,	PUNCT
fbem-21436	31	48	and	and	CCONJ
fbem-21436	31	49	then	then	ADV
fbem-21436	31	50	weighted	weight	VERB
fbem-21436	31	51	the	the	DET
fbem-21436	31	52	factor	factor	NOUN
fbem-21436	31	53	variance	variance	NOUN
fbem-21436	31	54	contribution	contribution	NOUN
fbem-21436	31	55	rate	rate	NOUN
fbem-21436	31	56	to	to	PART
fbem-21436	31	57	calculate	calculate	VERB
fbem-21436	31	58	the	the	DET
fbem-21436	31	59	corporate	corporate	ADJ
fbem-21436	31	60	governance	governance	NOUN
fbem-21436	31	61	composite	composite	ADJ
fbem-21436	31	62	index	index	NOUN
fbem-21436	31	63	.	.	PUNCT
fbem-21436	32	1	wang	wang	PROPN
fbem-21436	32	2	fusheng	fusheng	PROPN
fbem-21436	32	3	and	and	CCONJ
fbem-21436	32	4	liu	liu	PROPN
fbem-21436	32	5	shiyu	shiyu	PROPN
fbem-21436	32	6	(	(	PUNCT
fbem-21436	32	7	2010	2010	NUM
fbem-21436	32	8	)	)	PUNCT
fbem-21436	32	9	used	use	VERB
fbem-21436	32	10	the	the	DET
fbem-21436	32	11	ohlson	ohlson	NOUN
fbem-21436	32	12	model	model	NOUN
fbem-21436	32	13	to	to	PART
fbem-21436	32	14	separate	separate	VERB
fbem-21436	32	15	the	the	DET
fbem-21436	32	16	value	value	NOUN
fbem-21436	32	17	of	of	ADP
fbem-21436	32	18	corporate	corporate	ADJ
fbem-21436	32	19	governance	governance	NOUN
fbem-21436	32	20	factors	factor	NOUN
fbem-21436	32	21	from	from	ADP
fbem-21436	32	22	enterprise	enterprise	NOUN
fbem-21436	32	23	value	value	NOUN
fbem-21436	32	24	(	(	PUNCT
fbem-21436	32	25	stock	stock	NOUN
fbem-21436	32	26	price	price	NOUN
fbem-21436	32	27	)	)	PUNCT
fbem-21436	32	28	,	,	PUNCT
fbem-21436	32	29	and	and	CCONJ
fbem-21436	32	30	used	use	VERB
fbem-21436	32	31	it	it	PRON
fbem-21436	32	32	as	as	ADP
fbem-21436	32	33	an	an	DET
fbem-21436	32	34	evaluation	evaluation	NOUN
fbem-21436	32	35	index	index	NOUN
fbem-21436	32	36	of	of	ADP
fbem-21436	32	37	corporate	corporate	ADJ
fbem-21436	32	38	governance	governance	NOUN
fbem-21436	32	39	.	.	PUNCT
fbem-21436	33	1	in	in	ADP
fbem-21436	33	2	addition	addition	NOUN
fbem-21436	33	3	,	,	PUNCT
fbem-21436	33	4	many	many	ADJ
fbem-21436	33	5	scholars	scholar	NOUN
fbem-21436	33	6	regard	regard	VERB
fbem-21436	33	7	corporate	corporate	ADJ
fbem-21436	33	8	governance	governance	NOUN
fbem-21436	33	9	as	as	ADP
fbem-21436	33	10	similar	similar	ADJ
fbem-21436	33	11	to	to	ADP
fbem-21436	33	12	the	the	DET
fbem-21436	33	13	production	production	NOUN
fbem-21436	33	14	process	process	NOUN
fbem-21436	33	15	,	,	PUNCT
fbem-21436	33	16	borrowing	borrow	VERB
fbem-21436	33	17	the	the	DET
fbem-21436	33	18	concept	concept	NOUN
fbem-21436	33	19	of	of	ADP
fbem-21436	33	20	efficiency	efficiency	NOUN
fbem-21436	33	21	,	,	PUNCT
fbem-21436	33	22	and	and	CCONJ
fbem-21436	33	23	using	use	VERB
fbem-21436	33	24	data	datum	NOUN
fbem-21436	33	25	envelopment	envelopment	ADJ
fbem-21436	33	26	analysis	analysis	NOUN
fbem-21436	33	27	(	(	PUNCT
fbem-21436	33	28	dea	dea	NOUN
fbem-21436	33	29	)	)	PUNCT
fbem-21436	33	30	to	to	PART
fbem-21436	33	31	evaluate	evaluate	VERB
fbem-21436	33	32	the	the	DET
fbem-21436	33	33	level	level	NOUN
fbem-21436	33	34	of	of	ADP
fbem-21436	33	35	corporate	corporate	ADJ
fbem-21436	33	36	governance	governance	NOUN
fbem-21436	33	37	.	.	PUNCT
fbem-21436	34	1	lauterbach	lauterbach	NOUN
fbem-21436	34	2	and	and	CCONJ
fbem-21436	34	3	vaninsky	vaninsky	ADJ
fbem-21436	34	4	(	(	PUNCT
fbem-21436	34	5	1999	1999	NUM
fbem-21436	34	6	)	)	PUNCT
fbem-21436	34	7	construct	construct	VERB
fbem-21436	34	8	a	a	DET
fbem-21436	34	9	c2gs2	c2gs2	ADJ
fbem-21436	34	10	model	model	NOUN
fbem-21436	34	11	with	with	ADP
fbem-21436	34	12	total	total	ADJ
fbem-21436	34	13	assets	asset	NOUN
fbem-21436	34	14	,	,	PUNCT
fbem-21436	34	15	shareholder	shareholder	NOUN
fbem-21436	34	16	equity	equity	NOUN
fbem-21436	34	17	ratio	ratio	NOUN
fbem-21436	34	18	,	,	PUNCT
fbem-21436	34	19	and	and	CCONJ
fbem-21436	34	20	executive	executive	ADJ
fbem-21436	34	21	compensation	compensation	NOUN
fbem-21436	34	22	as	as	ADP
fbem-21436	34	23	input	input	NOUN
fbem-21436	34	24	variables	variable	NOUN
fbem-21436	34	25	and	and	CCONJ
fbem-21436	34	26	net	net	ADJ
fbem-21436	34	27	income	income	NOUN
fbem-21436	34	28	as	as	ADP
fbem-21436	34	29	output	output	NOUN
fbem-21436	34	30	variables	variable	NOUN
fbem-21436	34	31	to	to	PART
fbem-21436	34	32	calculate	calculate	VERB
fbem-21436	34	33	the	the	DET
fbem-21436	34	34	efficiency	efficiency	NOUN
fbem-21436	34	35	index	index	NOUN
fbem-21436	34	36	of	of	ADP
fbem-21436	34	37	corporate	corporate	ADJ
fbem-21436	34	38	governance	governance	NOUN
fbem-21436	34	39	level	level	NOUN
fbem-21436	34	40	.	.	PUNCT
fbem-21436	35	1	lehmann	lehmann	PROPN
fbem-21436	35	2	et	et	PROPN
fbem-21436	35	3	al	al	PROPN
fbem-21436	35	4	.	.	PROPN
fbem-21436	35	5	(	(	PUNCT
fbem-21436	35	6	2004	2004	NUM
fbem-21436	35	7	)	)	PUNCT
fbem-21436	35	8	used	use	VERB
fbem-21436	35	9	the	the	DET
fbem-21436	35	10	bc2	bc2	NOUN
fbem-21436	35	11	model	model	NOUN
fbem-21436	35	12	with	with	ADP
fbem-21436	35	13	equity	equity	NOUN
fbem-21436	35	14	concentration	concentration	NOUN
fbem-21436	35	15	,	,	PUNCT
fbem-21436	35	16	owner	owner	NOUN
fbem-21436	35	17	nature	nature	NOUN
fbem-21436	35	18	and	and	CCONJ
fbem-21436	35	19	capital	capital	NOUN
fbem-21436	35	20	structure	structure	NOUN
fbem-21436	35	21	as	as	ADP
fbem-21436	35	22	input	input	NOUN
fbem-21436	35	23	variables	variable	NOUN
fbem-21436	35	24	,	,	PUNCT
fbem-21436	35	25	and	and	CCONJ
fbem-21436	35	26	fixed	fix	VERB
fbem-21436	35	27	asset	asset	NOUN
fbem-21436	35	28	investment	investment	NOUN
fbem-21436	35	29	ratio	ratio	NOUN
fbem-21436	35	30	,	,	PUNCT
fbem-21436	35	31	operating	operate	VERB
fbem-21436	35	32	income	income	NOUN
fbem-21436	35	33	and	and	CCONJ
fbem-21436	35	34	return	return	VERB
fbem-21436	35	35	on	on	ADP
fbem-21436	35	36	total	total	ADJ
fbem-21436	35	37	assets	asset	NOUN
fbem-21436	35	38	as	as	ADP
fbem-21436	35	39	output	output	NOUN
fbem-21436	35	40	variables	variable	NOUN
fbem-21436	35	41	,	,	PUNCT
fbem-21436	35	42	to	to	PART
fbem-21436	35	43	evaluate	evaluate	VERB
fbem-21436	35	44	the	the	DET
fbem-21436	35	45	efficiency	efficiency	NOUN
fbem-21436	35	46	of	of	ADP
fbem-21436	35	47	corporate	corporate	ADJ
fbem-21436	35	48	governance	governance	NOUN
fbem-21436	35	49	of	of	ADP
fbem-21436	35	50	german	german	ADJ
fbem-21436	35	51	enterprises	enterprise	NOUN
fbem-21436	35	52	.	.	PUNCT
fbem-21436	36	1	fan	fan	PROPN
fbem-21436	36	2	linbang	linbang	PROPN
fbem-21436	36	3	et	et	PROPN
fbem-21436	36	4	al	al	PROPN
fbem-21436	36	5	.	.	PROPN
fbem-21436	37	1	(	(	PUNCT
fbem-21436	37	2	2008	2008	NUM
fbem-21436	37	3	)	)	PUNCT
fbem-21436	37	4	evaluated	evaluate	VERB
fbem-21436	37	5	the	the	DET
fbem-21436	37	6	governance	governance	NOUN
fbem-21436	37	7	efficiency	efficiency	NOUN
fbem-21436	37	8	of	of	ADP
fbem-21436	37	9	china	china	PROPN
fbem-21436	37	10	's	's	PART
fbem-21436	37	11	listed	list	VERB
fbem-21436	37	12	power	power	NOUN
fbem-21436	37	13	companies	company	NOUN
fbem-21436	37	14	by	by	ADP
fbem-21436	37	15	using	use	VERB
fbem-21436	37	16	the	the	DET
fbem-21436	37	17	c2r	c2r	NOUN
fbem-21436	37	18	model	model	NOUN
fbem-21436	37	19	and	and	CCONJ
fbem-21436	37	20	c2gs2	c2gs2	ADJ
fbem-21436	37	21	model	model	NOUN
fbem-21436	37	22	with	with	ADP
fbem-21436	37	23	the	the	DET
fbem-21436	37	24	size	size	NOUN
fbem-21436	37	25	of	of	ADP
fbem-21436	37	26	the	the	DET
fbem-21436	37	27	board	board	NOUN
fbem-21436	37	28	of	of	ADP
fbem-21436	37	29	directors	director	NOUN
fbem-21436	37	30	,	,	PUNCT
fbem-21436	37	31	the	the	DET
fbem-21436	37	32	proportion	proportion	NOUN
fbem-21436	37	33	of	of	ADP
fbem-21436	37	34	independent	independent	ADJ
fbem-21436	37	35	directors	director	NOUN
fbem-21436	37	36	in	in	ADP
fbem-21436	37	37	all	all	DET
fbem-21436	37	38	directors	director	NOUN
fbem-21436	37	39	,	,	PUNCT
fbem-21436	37	40	the	the	DET
fbem-21436	37	41	proportion	proportion	NOUN
fbem-21436	37	42	of	of	ADP
fbem-21436	37	43	shares	share	NOUN
fbem-21436	37	44	of	of	ADP
fbem-21436	37	45	the	the	DET
fbem-21436	37	46	largest	large	ADJ
fbem-21436	37	47	shareholder	shareholder	NOUN
fbem-21436	37	48	,	,	PUNCT
fbem-21436	37	49	and	and	CCONJ
fbem-21436	37	50	the	the	DET
fbem-21436	37	51	proportion	proportion	NOUN
fbem-21436	37	52	of	of	ADP
fbem-21436	37	53	the	the	DET
fbem-21436	37	54	shares	share	NOUN
fbem-21436	37	55	of	of	ADP
fbem-21436	37	56	the	the	DET
fbem-21436	37	57	top	top	ADJ
fbem-21436	37	58	five	five	NUM
fbem-21436	37	59	shareholders	shareholder	NOUN
fbem-21436	37	60	as	as	ADP
fbem-21436	37	61	input	input	NOUN
fbem-21436	37	62	variables	variable	NOUN
fbem-21436	37	63	,	,	PUNCT
fbem-21436	37	64	and	and	CCONJ
fbem-21436	37	65	tobin	tobin	NOUN
fbem-21436	37	66	's	's	PART
fbem-21436	37	67	q	q	NOUN
fbem-21436	37	68	value	value	NOUN
fbem-21436	37	69	and	and	CCONJ
fbem-21436	37	70	return	return	VERB
fbem-21436	37	71	on	on	ADP
fbem-21436	37	72	net	net	ADJ
fbem-21436	37	73	assets	asset	NOUN
fbem-21436	37	74	as	as	ADP
fbem-21436	37	75	output	output	NOUN
fbem-21436	37	76	variables.lu	variables.lu	PROPN
fbem-21436	37	77	yuan	yuan	PROPN
fbem-21436	37	78	(	(	PUNCT
fbem-21436	37	79	2009	2009	NUM
fbem-21436	37	80	)	)	PUNCT
fbem-21436	37	81	used	use	VERB
fbem-21436	37	82	the	the	DET
fbem-21436	37	83	c2r	c2r	NOUN
fbem-21436	37	84	model	model	NOUN
fbem-21436	37	85	and	and	CCONJ
fbem-21436	37	86	c2r	c2r	NOUN
fbem-21436	37	87	cross	cross	ADJ
fbem-21436	37	88	-	-	ADJ
fbem-21436	37	89	evaluation	evaluation	ADJ
fbem-21436	37	90	model	model	NOUN
fbem-21436	37	91	with	with	ADP
fbem-21436	37	92	total	total	ADJ
fbem-21436	37	93	assets	asset	NOUN
fbem-21436	37	94	and	and	CCONJ
fbem-21436	37	95	operating	operating	NOUN
fbem-21436	37	96	expenses	expense	NOUN
fbem-21436	37	97	as	as	ADP
fbem-21436	37	98	input	input	NOUN
fbem-21436	37	99	variables	variable	NOUN
fbem-21436	37	100	,	,	PUNCT
fbem-21436	37	101	premium	premium	ADJ
fbem-21436	37	102	income	income	NOUN
fbem-21436	37	103	and	and	CCONJ
fbem-21436	37	104	owner	owner	NOUN
fbem-21436	37	105	's	's	PART
fbem-21436	37	106	equity	equity	NOUN
fbem-21436	37	107	as	as	ADP
fbem-21436	37	108	output	output	NOUN
fbem-21436	37	109	variables	variable	NOUN
fbem-21436	37	110	to	to	PART
fbem-21436	37	111	evaluate	evaluate	VERB
fbem-21436	37	112	the	the	DET
fbem-21436	37	113	governance	governance	NOUN
fbem-21436	37	114	level	level	NOUN
fbem-21436	37	115	of	of	ADP
fbem-21436	37	116	major	major	ADJ
fbem-21436	37	117	insurance	insurance	NOUN
fbem-21436	37	118	companies	company	NOUN
fbem-21436	37	119	in	in	ADP
fbem-21436	37	120	china	china	PROPN
fbem-21436	37	121	.	.	PUNCT
fbem-21436	38	1	wang	wang	PROPN
fbem-21436	38	2	huaiming	huaiming	PROPN
fbem-21436	38	3	and	and	CCONJ
fbem-21436	38	4	shi	shi	PROPN
fbem-21436	38	5	xiaoming	xiaoming	PROPN
fbem-21436	38	6	(	(	PUNCT
fbem-21436	38	7	2010	2010	NUM
fbem-21436	38	8	)	)	PUNCT
fbem-21436	38	9	used	use	VERB
fbem-21436	38	10	the	the	DET
fbem-21436	38	11	bc2	bc2	NOUN
fbem-21436	38	12	model	model	NOUN
fbem-21436	38	13	with	with	ADP
fbem-21436	38	14	the	the	DET
fbem-21436	38	15	shareholding	shareholding	NOUN
fbem-21436	38	16	ratio	ratio	NOUN
fbem-21436	38	17	of	of	ADP
fbem-21436	38	18	the	the	DET
fbem-21436	38	19	largest	large	ADJ
fbem-21436	38	20	shareholder	shareholder	NOUN
fbem-21436	38	21	,	,	PUNCT
fbem-21436	38	22	the	the	DET
fbem-21436	38	23	balance	balance	NOUN
fbem-21436	38	24	of	of	ADP
fbem-21436	38	25	equity	equity	NOUN
fbem-21436	38	26	,	,	PUNCT
fbem-21436	38	27	the	the	DET
fbem-21436	38	28	proportion	proportion	NOUN
fbem-21436	38	29	of	of	ADP
fbem-21436	38	30	independent	independent	ADJ
fbem-21436	38	31	directors	director	NOUN
fbem-21436	38	32	,	,	PUNCT
fbem-21436	38	33	the	the	DET
fbem-21436	38	34	size	size	NOUN
fbem-21436	38	35	of	of	ADP
fbem-21436	38	36	the	the	DET
fbem-21436	38	37	board	board	NOUN
fbem-21436	38	38	of	of	ADP
fbem-21436	38	39	directors	director	NOUN
fbem-21436	38	40	,	,	PUNCT
fbem-21436	38	41	the	the	DET
fbem-21436	38	42	integration	integration	NOUN
fbem-21436	38	43	of	of	ADP
fbem-21436	38	44	the	the	DET
fbem-21436	38	45	two	two	NUM
fbem-21436	38	46	positions	position	NOUN
fbem-21436	38	47	,	,	PUNCT
fbem-21436	38	48	the	the	DET
fbem-21436	38	49	audit	audit	NOUN
fbem-21436	38	50	committee	committee	NOUN
fbem-21436	38	51	and	and	CCONJ
fbem-21436	38	52	the	the	DET
fbem-21436	38	53	shareholding	shareholding	NOUN
fbem-21436	38	54	ratio	ratio	NOUN
fbem-21436	38	55	of	of	ADP
fbem-21436	38	56	senior	senior	ADJ
fbem-21436	38	57	executives	executive	NOUN
fbem-21436	38	58	as	as	ADP
fbem-21436	38	59	input	input	NOUN
fbem-21436	38	60	variables	variable	NOUN
fbem-21436	38	61	,	,	PUNCT
fbem-21436	38	62	and	and	CCONJ
fbem-21436	38	63	the	the	DET
fbem-21436	38	64	asset	asset	NOUN
fbem-21436	38	65	-	-	PUNCT
fbem-21436	38	66	liability	liability	NOUN
fbem-21436	38	67	ratio	ratio	NOUN
fbem-21436	38	68	,	,	PUNCT
fbem-21436	38	69	the	the	DET
fbem-21436	38	70	growth	growth	NOUN
fbem-21436	38	71	rate	rate	NOUN
fbem-21436	38	72	of	of	ADP
fbem-21436	38	73	tangible	tangible	ADJ
fbem-21436	38	74	assets	asset	NOUN
fbem-21436	38	75	and	and	CCONJ
fbem-21436	38	76	the	the	DET
fbem-21436	38	77	growth	growth	NOUN
fbem-21436	38	78	of	of	ADP
fbem-21436	38	79	the	the	DET
fbem-21436	38	80	company	company	NOUN
fbem-21436	38	81	as	as	ADP
fbem-21436	38	82	the	the	DET
fbem-21436	38	83	output	output	NOUN
fbem-21436	38	84	variables	variable	NOUN
fbem-21436	38	85	,	,	PUNCT
fbem-21436	38	86	to	to	PART
fbem-21436	38	87	explore	explore	VERB
fbem-21436	38	88	the	the	DET
fbem-21436	38	89	governance	governance	NOUN
fbem-21436	38	90	efficiency	efficiency	NOUN
fbem-21436	38	91	of	of	ADP
fbem-21436	38	92	agricultural	agricultural	ADJ
fbem-21436	38	93	listed	list	VERB
fbem-21436	38	94	companies.since	companies.since	NOUN
fbem-21436	38	95	corporate	corporate	ADJ
fbem-21436	38	96	governance	governance	NOUN
fbem-21436	38	97	is	be	AUX
fbem-21436	38	98	a	a	DET
fbem-21436	38	99	dynamic	dynamic	ADJ
fbem-21436	38	100	concept	concept	NOUN
fbem-21436	38	101	from	from	ADP
fbem-21436	38	102	multiple	multiple	ADJ
fbem-21436	38	103	perspectives	perspective	NOUN
fbem-21436	38	104	and	and	CCONJ
fbem-21436	38	105	levels	level	NOUN
fbem-21436	38	106	,	,	PUNCT
fbem-21436	38	107	the	the	DET
fbem-21436	38	108	comprehensive	comprehensive	ADJ
fbem-21436	38	109	index	index	NOUN
fbem-21436	38	110	evaluation	evaluation	NOUN
fbem-21436	38	111	method	method	NOUN
fbem-21436	38	112	is	be	AUX
fbem-21436	38	113	susceptible	susceptible	ADJ
fbem-21436	38	114	to	to	ADP
fbem-21436	38	115	the	the	DET
fbem-21436	38	116	problems	problem	NOUN
fbem-21436	38	117	of	of	ADP
fbem-21436	38	118	researchers	researcher	NOUN
fbem-21436	38	119	according	accord	VERB
fbem-21436	38	120	to	to	ADP
fbem-21436	38	121	different	different	ADJ
fbem-21436	38	122	research	research	NOUN
fbem-21436	38	123	purposes	purpose	NOUN
fbem-21436	38	124	and	and	CCONJ
fbem-21436	38	125	different	different	ADJ
fbem-21436	38	126	understandings	understanding	NOUN
fbem-21436	38	127	of	of	ADP
fbem-21436	38	128	the	the	DET
fbem-21436	38	129	connotation	connotation	NOUN
fbem-21436	38	130	of	of	ADP
fbem-21436	38	131	corporate	corporate	ADJ
fbem-21436	38	132	governance	governance	NOUN
fbem-21436	38	133	,	,	PUNCT
fbem-21436	38	134	there	there	PRON
fbem-21436	38	135	are	be	VERB
fbem-21436	38	136	great	great	ADJ
fbem-21436	38	137	differences	difference	NOUN
fbem-21436	38	138	in	in	ADP
fbem-21436	38	139	the	the	DET
fbem-21436	38	140	construction	construction	NOUN
fbem-21436	38	141	method	method	NOUN
fbem-21436	38	142	and	and	CCONJ
fbem-21436	38	143	the	the	DET
fbem-21436	38	144	selection	selection	NOUN
fbem-21436	38	145	of	of	ADP
fbem-21436	38	146	variable	variable	ADJ
fbem-21436	38	147	indicators	indicator	NOUN
fbem-21436	38	148	,	,	PUNCT
fbem-21436	38	149	and	and	CCONJ
fbem-21436	38	150	there	there	PRON
fbem-21436	38	151	is	be	VERB
fbem-21436	38	152	a	a	DET
fbem-21436	38	153	large	large	ADJ
fbem-21436	38	154	subjectivity	subjectivity	NOUN
fbem-21436	38	155	in	in	ADP
fbem-21436	38	156	the	the	DET
fbem-21436	38	157	weighting	weighting	NOUN
fbem-21436	38	158	of	of	ADP
fbem-21436	38	159	variables	variable	NOUN
fbem-21436	38	160	,	,	PUNCT
fbem-21436	38	161	which	which	PRON
fbem-21436	38	162	leads	lead	VERB
fbem-21436	38	163	to	to	ADP
fbem-21436	38	164	inconsistent	inconsistent	ADJ
fbem-21436	38	165	research	research	NOUN
fbem-21436	38	166	results	result	NOUN
fbem-21436	38	167	and	and	CCONJ
fbem-21436	38	168	hinders	hinder	VERB
fbem-21436	38	169	the	the	DET
fbem-21436	38	170	application	application	NOUN
fbem-21436	38	171	of	of	ADP
fbem-21436	38	172	corporate	corporate	ADJ
fbem-21436	38	173	governance	governance	NOUN
fbem-21436	38	174	evaluation	evaluation	NOUN
fbem-21436	38	175	index	index	NOUN
fbem-21436	38	176	in	in	ADP
fbem-21436	38	177	practice	practice	NOUN
fbem-21436	38	178	.	.	PUNCT
fbem-21436	39	1	although	although	SCONJ
fbem-21436	39	2	the	the	DET
fbem-21436	39	3	efficiency	efficiency	NOUN
fbem-21436	39	4	-	-	PUNCT
fbem-21436	39	5	based	base	VERB
fbem-21436	39	6	dea	dea	PROPN
fbem-21436	39	7	evaluation	evaluation	NOUN
fbem-21436	39	8	method	method	NOUN
fbem-21436	39	9	is	be	AUX
fbem-21436	39	10	not	not	PART
fbem-21436	39	11	widely	widely	ADV
fbem-21436	39	12	used	use	VERB
fbem-21436	39	13	,	,	PUNCT
fbem-21436	39	14	it	it	PRON
fbem-21436	39	15	has	have	VERB
fbem-21436	39	16	relative	relative	ADJ
fbem-21436	39	17	advantages	advantage	NOUN
fbem-21436	39	18	:	:	PUNCT
fbem-21436	39	19	firstly	firstly	ADV
fbem-21436	39	20	,	,	PUNCT
fbem-21436	39	21	dea	dea	PROPN
fbem-21436	39	22	treats	treat	VERB
fbem-21436	39	23	the	the	DET
fbem-21436	39	24	production	production	NOUN
fbem-21436	39	25	process	process	NOUN
fbem-21436	39	26	as	as	ADP
fbem-21436	39	27	a	a	DET
fbem-21436	39	28	black	black	ADJ
fbem-21436	39	29	box	box	NOUN
fbem-21436	39	30	and	and	CCONJ
fbem-21436	39	31	does	do	AUX
fbem-21436	39	32	not	not	PART
fbem-21436	39	33	require	require	VERB
fbem-21436	39	34	the	the	DET
fbem-21436	39	35	functional	functional	ADJ
fbem-21436	39	36	relationship	relationship	NOUN
fbem-21436	39	37	between	between	ADP
fbem-21436	39	38	input	input	NOUN
fbem-21436	39	39	and	and	CCONJ
fbem-21436	39	40	output	output	NOUN
fbem-21436	39	41	variables	variable	NOUN
fbem-21436	39	42	to	to	PART
fbem-21436	39	43	be	be	AUX
fbem-21436	39	44	known	know	VERB
fbem-21436	39	45	,	,	PUNCT
fbem-21436	39	46	secondly	secondly	ADV
fbem-21436	39	47	,	,	PUNCT
fbem-21436	39	48	the	the	DET
fbem-21436	39	49	method	method	NOUN
fbem-21436	39	50	is	be	AUX
fbem-21436	39	51	especially	especially	ADV
fbem-21436	39	52	suitable	suitable	ADJ
fbem-21436	39	53	for	for	ADP
fbem-21436	39	54	the	the	DET
fbem-21436	39	55	efficiency	efficiency	NOUN
fbem-21436	39	56	evaluation	evaluation	NOUN
fbem-21436	39	57	of	of	ADP
fbem-21436	39	58	multi	multi	ADJ
fbem-21436	39	59	-	-	ADJ
fbem-21436	39	60	input	input	ADJ
fbem-21436	39	61	and	and	CCONJ
fbem-21436	39	62	multioutput	multioutput	NOUN
fbem-21436	39	63	production	production	NOUN
fbem-21436	39	64	processes	process	NOUN
fbem-21436	39	65	,	,	PUNCT
fbem-21436	39	66	and	and	CCONJ
fbem-21436	39	67	thirdly	thirdly	ADV
fbem-21436	39	68	,	,	PUNCT
fbem-21436	39	69	the	the	DET
fbem-21436	39	70	method	method	NOUN
fbem-21436	39	71	can	can	AUX
fbem-21436	39	72	evaluate	evaluate	VERB
fbem-21436	39	73	different	different	ADJ
fbem-21436	39	74	dimensional	dimensional	ADJ
fbem-21436	39	75	indicators	indicator	NOUN
fbem-21436	39	76	and	and	CCONJ
fbem-21436	39	77	does	do	AUX
fbem-21436	39	78	not	not	PART
fbem-21436	39	79	require	require	VERB
fbem-21436	39	80	much	much	ADJ
fbem-21436	39	81	sample	sample	NOUN
fbem-21436	39	82	size	size	NOUN
fbem-21436	39	83	(	(	PUNCT
fbem-21436	39	84	manzoni	manzoni	NOUN
fbem-21436	39	85	and	and	CCONJ
fbem-21436	39	86	islam	islam	PROPN
fbem-21436	39	87	,	,	PUNCT
fbem-21436	39	88	2009	2009	NUM
fbem-21436	39	89	)	)	PUNCT
fbem-21436	39	90	.	.	PUNCT
fbem-21436	40	1	the	the	DET
fbem-21436	40	2	existing	exist	VERB
fbem-21436	40	3	research	research	NOUN
fbem-21436	40	4	literature	literature	NOUN
fbem-21436	40	5	on	on	ADP
fbem-21436	40	6	the	the	DET
fbem-21436	40	7	evaluation	evaluation	NOUN
fbem-21436	40	8	of	of	ADP
fbem-21436	40	9	corporate	corporate	ADJ
fbem-21436	40	10	governance	governance	NOUN
fbem-21436	40	11	efficiency	efficiency	NOUN
fbem-21436	40	12	based	base	VERB
fbem-21436	40	13	on	on	ADP
fbem-21436	40	14	the	the	DET
fbem-21436	40	15	dea	dea	PROPN
fbem-21436	40	16	method	method	NOUN
fbem-21436	40	17	varies	vary	VERB
fbem-21436	40	18	greatly	greatly	ADV
fbem-21436	40	19	in	in	ADP
fbem-21436	40	20	the	the	DET
fbem-21436	40	21	selection	selection	NOUN
fbem-21436	40	22	of	of	ADP
fbem-21436	40	23	input	input	NOUN
fbem-21436	40	24	and	and	CCONJ
fbem-21436	40	25	output	output	NOUN
fbem-21436	40	26	variables	variable	NOUN
fbem-21436	40	27	,	,	PUNCT
fbem-21436	40	28	mainly	mainly	ADV
fbem-21436	40	29	because	because	SCONJ
fbem-21436	40	30	the	the	DET
fbem-21436	40	31	dimensions	dimension	NOUN
fbem-21436	40	32	of	of	ADP
fbem-21436	40	33	corporate	corporate	ADJ
fbem-21436	40	34	governance	governance	NOUN
fbem-21436	40	35	research	research	NOUN
fbem-21436	40	36	change	change	NOUN
fbem-21436	40	37	with	with	ADP
fbem-21436	40	38	the	the	DET
fbem-21436	40	39	evolution	evolution	NOUN
fbem-21436	40	40	of	of	ADP
fbem-21436	40	41	corporate	corporate	ADJ
fbem-21436	40	42	governance	governance	NOUN
fbem-21436	40	43	theory	theory	NOUN
fbem-21436	40	44	,	,	PUNCT
fbem-21436	40	45	that	that	ADV
fbem-21436	40	46	is	is	ADV
fbem-21436	40	47	,	,	PUNCT
fbem-21436	40	48	the	the	DET
fbem-21436	40	49	corporate	corporate	ADJ
fbem-21436	40	50	governance	governance	NOUN
fbem-21436	40	51	theory	theory	NOUN
fbem-21436	40	52	has	have	AUX
fbem-21436	40	53	developed	develop	VERB
fbem-21436	40	54	from	from	ADP
fbem-21436	40	55	the	the	DET
fbem-21436	40	56	initial	initial	ADJ
fbem-21436	40	57	"	"	PUNCT
fbem-21436	40	58	shareholder	shareholder	NOUN
fbem-21436	40	59	-	-	PUNCT
fbem-21436	40	60	first	first	ADJ
fbem-21436	40	61	unilateral	unilateral	ADJ
fbem-21436	40	62	governance	governance	NOUN
fbem-21436	40	63	theory	theory	NOUN
fbem-21436	40	64	"	"	PUNCT
fbem-21436	40	65	to	to	ADP
fbem-21436	40	66	the	the	DET
fbem-21436	40	67	"	"	PUNCT
fbem-21436	40	68	stakeholder	stakeholder	NOUN
fbem-21436	40	69	co	co	NOUN
fbem-21436	40	70	-	-	NOUN
fbem-21436	40	71	governance	governance	ADJ
fbem-21436	40	72	theory"1	theory"1	PROPN
fbem-21436	40	73	(	(	PUNCT
fbem-21436	40	74	blair	blair	PROPN
fbem-21436	40	75	,	,	PUNCT
fbem-21436	40	76	1995	1995	NUM
fbem-21436	40	77	)	)	PUNCT
fbem-21436	40	78	.	.	PUNCT
fbem-21436	41	1	xu	xu	PROPN
fbem-21436	41	2	xiangyi	xiangyi	PROPN
fbem-21436	42	1	and	and	CCONJ
fbem-21436	42	2	xu	xu	INTJ
fbem-21436	42	3	ning	ning	PROPN
fbem-21436	42	4	(	(	PUNCT
fbem-21436	42	5	2012	2012	NUM
fbem-21436	42	6	)	)	PUNCT
fbem-21436	42	7	argue	argue	VERB
fbem-21436	42	8	that	that	SCONJ
fbem-21436	42	9	the	the	DET
fbem-21436	42	10	reconstruction	reconstruction	NOUN
fbem-21436	42	11	of	of	ADP
fbem-21436	42	12	the	the	DET
fbem-21436	42	13	scope	scope	NOUN
fbem-21436	42	14	of	of	ADP
fbem-21436	42	15	the	the	DET
fbem-21436	42	16	client	client	NOUN
fbem-21436	42	17	and	and	CCONJ
fbem-21436	42	18	related	relate	VERB
fbem-21436	42	19	goaloriented	goaloriente	VERB
fbem-21436	42	20	problems	problem	NOUN
fbem-21436	42	21	make	make	VERB
fbem-21436	42	22	the	the	DET
fbem-21436	42	23	theory	theory	NOUN
fbem-21436	42	24	fall	fall	VERB
fbem-21436	42	25	into	into	ADP
fbem-21436	42	26	the	the	DET
fbem-21436	42	27	"	"	PUNCT
fbem-21436	42	28	panstakeholder	panstakeholder	NOUN
fbem-21436	42	29	"	"	PUNCT
fbem-21436	42	30	dilemma	dilemma	NOUN
fbem-21436	42	31	,	,	PUNCT
fbem-21436	42	32	which	which	PRON
fbem-21436	42	33	leads	lead	VERB
fbem-21436	42	34	to	to	ADP
fbem-21436	42	35	the	the	DET
fbem-21436	42	36	contradiction	contradiction	NOUN
fbem-21436	42	37	between	between	ADP
fbem-21436	42	38	the	the	DET
fbem-21436	42	39	corporate	corporate	ADJ
fbem-21436	42	40	decision	decision	NOUN
fbem-21436	42	41	-	-	PUNCT
fbem-21436	42	42	making	make	VERB
fbem-21436	42	43	mechanism	mechanism	NOUN
fbem-21436	42	44	and	and	CCONJ
fbem-21436	42	45	the	the	DET
fbem-21436	42	46	essence	essence	NOUN
fbem-21436	42	47	of	of	ADP
fbem-21436	42	48	the	the	DET
fbem-21436	42	49	economic	economic	ADJ
fbem-21436	42	50	subject	subject	NOUN
fbem-21436	42	51	of	of	ADP
fbem-21436	42	52	the	the	DET
fbem-21436	42	53	enterprise	enterprise	NOUN
fbem-21436	42	54	,	,	PUNCT
fbem-21436	42	55	and	and	CCONJ
fbem-21436	42	56	affects	affect	VERB
fbem-21436	42	57	the	the	DET
fbem-21436	42	58	evaluation	evaluation	NOUN
fbem-21436	42	59	of	of	ADP
fbem-21436	42	60	corporate	corporate	ADJ
fbem-21436	42	61	governance	governance	NOUN
fbem-21436	42	62	efficiency	efficiency	NOUN
fbem-21436	42	63	to	to	ADP
fbem-21436	42	64	a	a	DET
fbem-21436	42	65	certain	certain	ADJ
fbem-21436	42	66	extent	extent	NOUN
fbem-21436	42	67	.	.	PUNCT
fbem-21436	43	1	in	in	ADP
fbem-21436	43	2	order	order	NOUN
fbem-21436	43	3	to	to	PART
fbem-21436	43	4	improve	improve	VERB
fbem-21436	43	5	the	the	DET
fbem-21436	43	6	above	above	ADJ
fbem-21436	43	7	shortcomings	shortcoming	NOUN
fbem-21436	43	8	,	,	PUNCT
fbem-21436	43	9	liu	liu	PROPN
fbem-21436	43	10	shiyu	shiyu	PROPN
fbem-21436	43	11	and	and	CCONJ
fbem-21436	43	12	wang	wang	PROPN
fbem-21436	43	13	fusheng	fusheng	PROPN
fbem-21436	43	14	(	(	PUNCT
fbem-21436	43	15	2011	2011	NUM
fbem-21436	43	16	)	)	PUNCT
fbem-21436	43	17	proposed	propose	VERB
fbem-21436	43	18	a	a	DET
fbem-21436	43	19	research	research	NOUN
fbem-21436	43	20	method	method	NOUN
fbem-21436	43	21	to	to	PART
fbem-21436	43	22	define	define	VERB
fbem-21436	43	23	corporate	corporate	ADJ
fbem-21436	43	24	governance	governance	NOUN
fbem-21436	43	25	from	from	ADP
fbem-21436	43	26	the	the	DET
fbem-21436	43	27	perspective	perspective	NOUN
fbem-21436	43	28	of	of	ADP
fbem-21436	43	29	"	"	PUNCT
fbem-21436	43	30	cost	cost	NOUN
fbem-21436	43	31	and	and	CCONJ
fbem-21436	43	32	benefit	benefit	NOUN
fbem-21436	43	33	"	"	PUNCT
fbem-21436	43	34	,	,	PUNCT
fbem-21436	43	35	regard	regard	VERB
fbem-21436	43	36	corporate	corporate	ADJ
fbem-21436	43	37	governance	governance	NOUN
fbem-21436	43	38	as	as	ADP
fbem-21436	43	39	a	a	DET
fbem-21436	43	40	quasi	quasi	NOUN
fbem-21436	43	41	-	-	NOUN
fbem-21436	43	42	production	production	ADJ
fbem-21436	43	43	function	function	NOUN
fbem-21436	43	44	,	,	PUNCT
fbem-21436	43	45	and	and	CCONJ
fbem-21436	43	46	use	use	VERB
fbem-21436	43	47	the	the	DET
fbem-21436	43	48	dea	dea	NOUN
fbem-21436	43	49	method	method	NOUN
fbem-21436	43	50	to	to	PART
fbem-21436	43	51	evaluate	evaluate	VERB
fbem-21436	43	52	the	the	DET
fbem-21436	43	53	level	level	NOUN
fbem-21436	43	54	of	of	ADP
fbem-21436	43	55	governance	governance	NOUN
fbem-21436	43	56	.	.	PUNCT
fbem-21436	44	1	based	base	VERB
fbem-21436	44	2	on	on	ADP
fbem-21436	44	3	the	the	DET
fbem-21436	44	4	input	input	NOUN
fbem-21436	44	5	-	-	PUNCT
fbem-21436	44	6	output	output	NOUN
fbem-21436	44	7	perspective	perspective	NOUN
fbem-21436	44	8	,	,	PUNCT
fbem-21436	44	9	this	this	DET
fbem-21436	44	10	paper	paper	NOUN
fbem-21436	44	11	uses	use	VERB
fbem-21436	44	12	the	the	DET
fbem-21436	44	13	dea	dea	PROPN
fbem-21436	44	14	method	method	NOUN
fbem-21436	44	15	to	to	PART
fbem-21436	44	16	evaluate	evaluate	VERB
fbem-21436	44	17	the	the	DET
fbem-21436	44	18	corporate	corporate	ADJ
fbem-21436	44	19	governance	governance	NOUN
fbem-21436	44	20	217	217	NUM
fbem-21436	44	21	level	level	NOUN
fbem-21436	44	22	of	of	ADP
fbem-21436	44	23	chang'an	chang'an	NOUN
fbem-21436	44	24	company	company	NOUN
fbem-21436	44	25	.	.	PUNCT
fbem-21436	45	1	3	3	X
fbem-21436	45	2	.	.	X
fbem-21436	45	3	introduction	introduction	NOUN
fbem-21436	45	4	to	to	PART
fbem-21436	45	5	chang'an	chang'an	VERB
fbem-21436	45	6	group	group	NOUN
fbem-21436	45	7	and	and	CCONJ
fbem-21436	45	8	its	its	PRON
fbem-21436	45	9	corporate	corporate	ADJ
fbem-21436	45	10	governance	governance	NOUN
fbem-21436	45	11	status	status	NOUN
fbem-21436	45	12	3.1	3.1	NUM
fbem-21436	45	13	.	.	PUNCT
fbem-21436	46	1	introduction	introduction	NOUN
fbem-21436	46	2	of	of	ADP
fbem-21436	46	3	changan	changan	ADJ
fbem-21436	46	4	group	group	NOUN
fbem-21436	46	5	china	china	PROPN
fbem-21436	46	6	changan	changan	PROPN
fbem-21436	46	7	automobile	automobile	PROPN
fbem-21436	46	8	group	group	PROPN
fbem-21436	46	9	co.	co.	PROPN
fbem-21436	46	10	,	,	PUNCT
fbem-21436	46	11	ltd	ltd	PROPN
fbem-21436	46	12	.	.	PROPN
fbem-21436	47	1	(	(	PUNCT
fbem-21436	47	2	hereinafter	hereinafter	NOUN
fbem-21436	47	3	referred	refer	VERB
fbem-21436	47	4	to	to	ADP
fbem-21436	47	5	as	as	ADP
fbem-21436	47	6	"	"	PUNCT
fbem-21436	47	7	china	china	PROPN
fbem-21436	47	8	changan	changan	PROPN
fbem-21436	47	9	"	"	PUNCT
fbem-21436	47	10	)	)	PUNCT
fbem-21436	47	11	,	,	PUNCT
fbem-21436	47	12	founded	found	VERB
fbem-21436	47	13	on	on	ADP
fbem-21436	47	14	december	december	PROPN
fbem-21436	47	15	26	26	NUM
fbem-21436	47	16	,	,	PUNCT
fbem-21436	47	17	2005	2005	NUM
fbem-21436	47	18	,	,	PUNCT
fbem-21436	47	19	formerly	formerly	ADV
fbem-21436	47	20	known	know	VERB
fbem-21436	47	21	as	as	ADP
fbem-21436	47	22	china	china	PROPN
fbem-21436	47	23	southern	southern	PROPN
fbem-21436	47	24	industrial	industrial	PROPN
fbem-21436	47	25	automobile	automobile	PROPN
fbem-21436	47	26	co.	co.	PROPN
fbem-21436	47	27	,	,	PUNCT
fbem-21436	47	28	ltd	ltd	PROPN
fbem-21436	47	29	.	.	PROPN
fbem-21436	47	30	,	,	PUNCT
fbem-21436	47	31	changed	change	VERB
fbem-21436	47	32	its	its	PRON
fbem-21436	47	33	name	name	NOUN
fbem-21436	47	34	to	to	ADP
fbem-21436	47	35	china	china	PROPN
fbem-21436	47	36	changan	changan	PROPN
fbem-21436	47	37	automobile	automobile	PROPN
fbem-21436	47	38	group	group	PROPN
fbem-21436	47	39	co.	co.	PROPN
fbem-21436	47	40	,	,	PUNCT
fbem-21436	47	41	ltd	ltd	PROPN
fbem-21436	47	42	.	.	PROPN
fbem-21436	47	43	on	on	ADP
fbem-21436	47	44	july	july	PROPN
fbem-21436	47	45	1	1	NUM
fbem-21436	47	46	,	,	PUNCT
fbem-21436	47	47	2009	2009	NUM
fbem-21436	47	48	,	,	PUNCT
fbem-21436	47	49	and	and	CCONJ
fbem-21436	47	50	changed	change	VERB
fbem-21436	47	51	its	its	PRON
fbem-21436	47	52	current	current	ADJ
fbem-21436	47	53	name	name	NOUN
fbem-21436	47	54	to	to	ADP
fbem-21436	47	55	april	april	PROPN
fbem-21436	47	56	2019	2019	NUM
fbem-21436	47	57	.	.	PUNCT
fbem-21436	48	1	china	china	PROPN
fbem-21436	48	2	changan	changan	PROPN
fbem-21436	48	3	adheres	adhere	VERB
fbem-21436	48	4	to	to	ADP
fbem-21436	48	5	the	the	DET
fbem-21436	48	6	guidance	guidance	NOUN
fbem-21436	48	7	of	of	ADP
fbem-21436	48	8	the	the	DET
fbem-21436	48	9	five	five	NUM
fbem-21436	48	10	major	major	ADJ
fbem-21436	48	11	development	development	NOUN
fbem-21436	48	12	concepts	concept	NOUN
fbem-21436	48	13	and	and	CCONJ
fbem-21436	48	14	three	three	NUM
fbem-21436	48	15	major	major	ADJ
fbem-21436	48	16	changes	change	NOUN
fbem-21436	48	17	,	,	PUNCT
fbem-21436	48	18	and	and	CCONJ
fbem-21436	48	19	takes	take	VERB
fbem-21436	48	20	the	the	DET
fbem-21436	48	21	leading	lead	VERB
fbem-21436	48	22	development	development	NOUN
fbem-21436	48	23	strategy	strategy	NOUN
fbem-21436	48	24	of	of	ADP
fbem-21436	48	25	southern	southern	ADJ
fbem-21436	48	26	group	group	NOUN
fbem-21436	48	27	as	as	ADP
fbem-21436	48	28	the	the	DET
fbem-21436	48	29	guide	guide	NOUN
fbem-21436	48	30	,	,	PUNCT
fbem-21436	48	31	and	and	CCONJ
fbem-21436	48	32	coordinates	coordinate	VERB
fbem-21436	48	33	the	the	DET
fbem-21436	48	34	development	development	NOUN
fbem-21436	48	35	of	of	ADP
fbem-21436	48	36	business	business	NOUN
fbem-21436	48	37	sectors	sector	NOUN
fbem-21436	48	38	such	such	ADJ
fbem-21436	48	39	as	as	ADP
fbem-21436	48	40	vehicles	vehicle	NOUN
fbem-21436	48	41	,	,	PUNCT
fbem-21436	48	42	auto	auto	NOUN
fbem-21436	48	43	parts	part	NOUN
fbem-21436	48	44	,	,	PUNCT
fbem-21436	48	45	sales	sale	NOUN
fbem-21436	48	46	and	and	CCONJ
fbem-21436	48	47	service	service	NOUN
fbem-21436	48	48	,	,	PUNCT
fbem-21436	48	49	and	and	CCONJ
fbem-21436	48	50	logistics	logistic	NOUN
fbem-21436	48	51	,	,	PUNCT
fbem-21436	48	52	forming	form	VERB
fbem-21436	48	53	a	a	DET
fbem-21436	48	54	relatively	relatively	ADV
fbem-21436	48	55	complete	complete	ADJ
fbem-21436	48	56	industrial	industrial	ADJ
fbem-21436	48	57	chain	chain	NOUN
fbem-21436	48	58	.	.	PUNCT
fbem-21436	49	1	3.2	3.2	NUM
fbem-21436	49	2	.	.	PUNCT
fbem-21436	50	1	current	current	ADJ
fbem-21436	50	2	status	status	NOUN
fbem-21436	50	3	of	of	ADP
fbem-21436	50	4	corporate	corporate	ADJ
fbem-21436	50	5	governance	governance	NOUN
fbem-21436	50	6	since	since	SCONJ
fbem-21436	50	7	its	its	PRON
fbem-21436	50	8	listing	listing	NOUN
fbem-21436	50	9	on	on	ADP
fbem-21436	50	10	the	the	DET
fbem-21436	50	11	shenzhen	shenzhen	PROPN
fbem-21436	50	12	stock	stock	PROPN
fbem-21436	50	13	exchange	exchange	PROPN
fbem-21436	50	14	in	in	ADP
fbem-21436	50	15	october	october	PROPN
fbem-21436	50	16	1996	1996	NUM
fbem-21436	50	17	,	,	PUNCT
fbem-21436	50	18	the	the	DET
fbem-21436	50	19	company	company	NOUN
fbem-21436	50	20	has	have	AUX
fbem-21436	50	21	continuously	continuously	ADV
fbem-21436	50	22	improved	improve	VERB
fbem-21436	50	23	the	the	DET
fbem-21436	50	24	corporate	corporate	ADJ
fbem-21436	50	25	governance	governance	NOUN
fbem-21436	50	26	structure	structure	NOUN
fbem-21436	50	27	and	and	CCONJ
fbem-21436	50	28	standardized	standardize	VERB
fbem-21436	50	29	the	the	DET
fbem-21436	50	30	company	company	NOUN
fbem-21436	50	31	's	's	PART
fbem-21436	50	32	operation	operation	NOUN
fbem-21436	50	33	in	in	ADP
fbem-21436	50	34	strict	strict	ADJ
fbem-21436	50	35	accordance	accordance	NOUN
fbem-21436	50	36	with	with	ADP
fbem-21436	50	37	the	the	DET
fbem-21436	50	38	requirements	requirement	NOUN
fbem-21436	50	39	of	of	ADP
fbem-21436	50	40	laws	law	NOUN
fbem-21436	50	41	and	and	CCONJ
fbem-21436	50	42	regulations	regulation	NOUN
fbem-21436	50	43	such	such	ADJ
fbem-21436	50	44	as	as	ADP
fbem-21436	50	45	the	the	DET
fbem-21436	50	46	company	company	NOUN
fbem-21436	50	47	law	law	NOUN
fbem-21436	50	48	,	,	PUNCT
fbem-21436	50	49	the	the	DET
fbem-21436	50	50	securities	security	NOUN
fbem-21436	50	51	law	law	NOUN
fbem-21436	50	52	,	,	PUNCT
fbem-21436	50	53	the	the	DET
fbem-21436	50	54	code	code	NOUN
fbem-21436	50	55	of	of	ADP
fbem-21436	50	56	governance	governance	NOUN
fbem-21436	50	57	for	for	ADP
fbem-21436	50	58	listed	list	VERB
fbem-21436	50	59	companies	company	NOUN
fbem-21436	50	60	,	,	PUNCT
fbem-21436	50	61	the	the	DET
fbem-21436	50	62	several	several	ADJ
fbem-21436	50	63	provisions	provision	NOUN
fbem-21436	50	64	on	on	ADP
fbem-21436	50	65	strengthening	strengthen	VERB
fbem-21436	50	66	the	the	DET
fbem-21436	50	67	protection	protection	NOUN
fbem-21436	50	68	of	of	ADP
fbem-21436	50	69	the	the	DET
fbem-21436	50	70	rights	right	NOUN
fbem-21436	50	71	and	and	CCONJ
fbem-21436	50	72	interests	interest	NOUN
fbem-21436	50	73	of	of	ADP
fbem-21436	50	74	public	public	ADJ
fbem-21436	50	75	shareholders	shareholder	NOUN
fbem-21436	50	76	,	,	PUNCT
fbem-21436	50	77	the	the	DET
fbem-21436	50	78	administrative	administrative	ADJ
fbem-21436	50	79	measures	measure	NOUN
fbem-21436	50	80	for	for	ADP
fbem-21436	50	81	information	information	NOUN
fbem-21436	50	82	disclosure	disclosure	NOUN
fbem-21436	50	83	of	of	ADP
fbem-21436	50	84	listed	list	VERB
fbem-21436	50	85	companies	company	NOUN
fbem-21436	50	86	,	,	PUNCT
fbem-21436	50	87	the	the	DET
fbem-21436	50	88	rules	rule	NOUN
fbem-21436	50	89	for	for	ADP
fbem-21436	50	90	the	the	DET
fbem-21436	50	91	listing	listing	NOUN
fbem-21436	50	92	of	of	ADP
fbem-21436	50	93	stocks	stock	NOUN
fbem-21436	50	94	on	on	ADP
fbem-21436	50	95	the	the	DET
fbem-21436	50	96	shenzhen	shenzhen	PROPN
fbem-21436	50	97	stock	stock	PROPN
fbem-21436	50	98	exchange	exchange	PROPN
fbem-21436	50	99	,	,	PUNCT
fbem-21436	50	100	and	and	CCONJ
fbem-21436	50	101	the	the	DET
fbem-21436	50	102	internal	internal	ADJ
fbem-21436	50	103	control	control	NOUN
fbem-21436	50	104	guidelines	guideline	NOUN
fbem-21436	50	105	for	for	ADP
fbem-21436	50	106	listed	list	VERB
fbem-21436	50	107	companies	company	NOUN
fbem-21436	50	108	on	on	ADP
fbem-21436	50	109	the	the	DET
fbem-21436	50	110	shenzhen	shenzhen	PROPN
fbem-21436	50	111	stock	stock	PROPN
fbem-21436	50	112	exchange	exchange	PROPN
fbem-21436	50	113	.	.	PUNCT
fbem-21436	51	1	however	however	ADV
fbem-21436	51	2	,	,	PUNCT
fbem-21436	51	3	in	in	ADP
fbem-21436	51	4	terms	term	NOUN
fbem-21436	51	5	of	of	ADP
fbem-21436	51	6	corporate	corporate	ADJ
fbem-21436	51	7	governance	governance	NOUN
fbem-21436	51	8	,	,	PUNCT
fbem-21436	51	9	there	there	PRON
fbem-21436	51	10	are	be	VERB
fbem-21436	51	11	still	still	ADV
fbem-21436	51	12	many	many	ADJ
fbem-21436	51	13	problems	problem	NOUN
fbem-21436	51	14	that	that	PRON
fbem-21436	51	15	need	need	VERB
fbem-21436	51	16	to	to	PART
fbem-21436	51	17	be	be	AUX
fbem-21436	51	18	improved	improve	VERB
fbem-21436	51	19	:	:	PUNCT
fbem-21436	52	1	1	1	X
fbem-21436	52	2	.	.	PUNCT
fbem-21436	52	3	the	the	DET
fbem-21436	52	4	special	special	ADJ
fbem-21436	52	5	committees	committee	NOUN
fbem-21436	52	6	under	under	ADP
fbem-21436	52	7	the	the	DET
fbem-21436	52	8	board	board	NOUN
fbem-21436	52	9	of	of	ADP
fbem-21436	52	10	directors	director	NOUN
fbem-21436	52	11	are	be	AUX
fbem-21436	52	12	not	not	PART
fbem-21436	52	13	perfect	perfect	ADJ
fbem-21436	52	14	,	,	PUNCT
fbem-21436	52	15	and	and	CCONJ
fbem-21436	52	16	the	the	DET
fbem-21436	52	17	operating	operating	NOUN
fbem-21436	52	18	mechanism	mechanism	NOUN
fbem-21436	52	19	of	of	ADP
fbem-21436	52	20	the	the	DET
fbem-21436	52	21	company	company	NOUN
fbem-21436	52	22	's	's	PART
fbem-21436	52	23	remuneration	remuneration	NOUN
fbem-21436	52	24	and	and	CCONJ
fbem-21436	52	25	appraisal	appraisal	NOUN
fbem-21436	52	26	committee	committee	NOUN
fbem-21436	52	27	needs	need	VERB
fbem-21436	52	28	to	to	PART
fbem-21436	52	29	be	be	AUX
fbem-21436	52	30	improved	improve	VERB
fbem-21436	52	31	;	;	PUNCT
fbem-21436	52	32	2	2	X
fbem-21436	52	33	.	.	X
fbem-21436	52	34	the	the	DET
fbem-21436	52	35	company	company	NOUN
fbem-21436	52	36	has	have	AUX
fbem-21436	52	37	not	not	PART
fbem-21436	52	38	adopted	adopt	VERB
fbem-21436	52	39	the	the	DET
fbem-21436	52	40	cumulative	cumulative	ADJ
fbem-21436	52	41	voting	voting	NOUN
fbem-21436	52	42	system	system	NOUN
fbem-21436	52	43	in	in	ADP
fbem-21436	52	44	the	the	DET
fbem-21436	52	45	election	election	NOUN
fbem-21436	52	46	of	of	ADP
fbem-21436	52	47	directors	director	NOUN
fbem-21436	52	48	and	and	CCONJ
fbem-21436	52	49	supervisors	supervisor	NOUN
fbem-21436	52	50	;	;	PUNCT
fbem-21436	53	1	3	3	X
fbem-21436	53	2	.	.	X
fbem-21436	54	1	the	the	DET
fbem-21436	54	2	construction	construction	NOUN
fbem-21436	54	3	of	of	ADP
fbem-21436	54	4	the	the	DET
fbem-21436	54	5	company	company	NOUN
fbem-21436	54	6	's	's	PART
fbem-21436	54	7	internal	internal	ADJ
fbem-21436	54	8	control	control	NOUN
fbem-21436	54	9	system	system	NOUN
fbem-21436	54	10	needs	need	VERB
fbem-21436	54	11	to	to	PART
fbem-21436	54	12	be	be	AUX
fbem-21436	54	13	further	far	ADV
fbem-21436	54	14	strengthened	strengthen	VERB
fbem-21436	54	15	,	,	PUNCT
fbem-21436	54	16	and	and	CCONJ
fbem-21436	54	17	some	some	DET
fbem-21436	54	18	management	management	NOUN
fbem-21436	54	19	systems	system	NOUN
fbem-21436	54	20	need	need	VERB
fbem-21436	54	21	to	to	PART
fbem-21436	54	22	be	be	AUX
fbem-21436	54	23	revised	revise	VERB
fbem-21436	54	24	and	and	CCONJ
fbem-21436	54	25	improved	improve	VERB
fbem-21436	54	26	;	;	PUNCT
fbem-21436	54	27	4	4	X
fbem-21436	54	28	.	.	X
fbem-21436	55	1	the	the	DET
fbem-21436	55	2	company	company	NOUN
fbem-21436	55	3	's	's	PART
fbem-21436	55	4	information	information	NOUN
fbem-21436	55	5	disclosure	disclosure	NOUN
fbem-21436	55	6	management	management	NOUN
fbem-21436	55	7	needs	need	VERB
fbem-21436	55	8	to	to	PART
fbem-21436	55	9	be	be	AUX
fbem-21436	55	10	further	far	ADV
fbem-21436	55	11	strengthened	strengthen	VERB
fbem-21436	55	12	.	.	PUNCT
fbem-21436	56	1	therefore	therefore	ADV
fbem-21436	56	2	,	,	PUNCT
fbem-21436	56	3	based	base	VERB
fbem-21436	56	4	on	on	ADP
fbem-21436	56	5	the	the	DET
fbem-21436	56	6	current	current	ADJ
fbem-21436	56	7	situation	situation	NOUN
fbem-21436	56	8	of	of	ADP
fbem-21436	56	9	chang'an	chang'an	PROPN
fbem-21436	56	10	group	group	NOUN
fbem-21436	56	11	's	's	PART
fbem-21436	56	12	corporate	corporate	ADJ
fbem-21436	56	13	governance	governance	NOUN
fbem-21436	56	14	,	,	PUNCT
fbem-21436	56	15	this	this	DET
fbem-21436	56	16	paper	paper	NOUN
fbem-21436	56	17	evaluates	evaluate	NOUN
fbem-21436	56	18	and	and	CCONJ
fbem-21436	56	19	studies	study	NOUN
fbem-21436	56	20	the	the	DET
fbem-21436	56	21	corporate	corporate	ADJ
fbem-21436	56	22	governance	governance	NOUN
fbem-21436	56	23	efficiency	efficiency	NOUN
fbem-21436	56	24	of	of	ADP
fbem-21436	56	25	chang'an	chang'an	PROPN
fbem-21436	56	26	group	group	NOUN
fbem-21436	56	27	based	base	VERB
fbem-21436	56	28	on	on	ADP
fbem-21436	56	29	the	the	DET
fbem-21436	56	30	dea	dea	PROPN
fbem-21436	56	31	model	model	NOUN
fbem-21436	56	32	method	method	NOUN
fbem-21436	56	33	,	,	PUNCT
fbem-21436	56	34	in	in	ADP
fbem-21436	56	35	order	order	NOUN
fbem-21436	56	36	to	to	PART
fbem-21436	56	37	improve	improve	VERB
fbem-21436	56	38	the	the	DET
fbem-21436	56	39	corporate	corporate	ADJ
fbem-21436	56	40	governance	governance	NOUN
fbem-21436	56	41	efficiency	efficiency	NOUN
fbem-21436	56	42	.	.	PUNCT
fbem-21436	57	1	4	4	X
fbem-21436	57	2	.	.	X
fbem-21436	57	3	model	model	NOUN
fbem-21436	57	4	building	build	VERB
fbem-21436	57	5	4.1	4.1	NUM
fbem-21436	57	6	.	.	PUNCT
fbem-21436	58	1	data	datum	NOUN
fbem-21436	58	2	sources	source	NOUN
fbem-21436	58	3	in	in	ADP
fbem-21436	58	4	this	this	DET
fbem-21436	58	5	paper	paper	NOUN
fbem-21436	58	6	,	,	PUNCT
fbem-21436	58	7	the	the	DET
fbem-21436	58	8	official	official	ADJ
fbem-21436	58	9	corporate	corporate	ADJ
fbem-21436	58	10	annual	annual	ADJ
fbem-21436	58	11	report	report	NOUN
fbem-21436	58	12	of	of	ADP
fbem-21436	58	13	changan	changan	ADJ
fbem-21436	58	14	group	group	NOUN
fbem-21436	58	15	is	be	AUX
fbem-21436	58	16	selected	select	VERB
fbem-21436	58	17	as	as	ADP
fbem-21436	58	18	a	a	DET
fbem-21436	58	19	sample	sample	NOUN
fbem-21436	58	20	for	for	ADP
fbem-21436	58	21	efficiency	efficiency	NOUN
fbem-21436	58	22	analysis	analysis	NOUN
fbem-21436	58	23	.	.	PUNCT
fbem-21436	59	1	the	the	DET
fbem-21436	59	2	data	datum	NOUN
fbem-21436	59	3	used	use	VERB
fbem-21436	59	4	mainly	mainly	ADV
fbem-21436	59	5	include	include	VERB
fbem-21436	59	6	the	the	DET
fbem-21436	59	7	total	total	ADJ
fbem-21436	59	8	assets	asset	NOUN
fbem-21436	59	9	and	and	CCONJ
fbem-21436	59	10	net	net	ADJ
fbem-21436	59	11	assets	asset	NOUN
fbem-21436	59	12	of	of	ADP
fbem-21436	59	13	changan	changan	ADJ
fbem-21436	59	14	group	group	NOUN
fbem-21436	59	15	,	,	PUNCT
fbem-21436	59	16	total	total	ADJ
fbem-21436	59	17	liabilities	liability	NOUN
fbem-21436	59	18	and	and	CCONJ
fbem-21436	59	19	debt	debt	NOUN
fbem-21436	59	20	-	-	PUNCT
fbem-21436	59	21	to	to	ADP
fbem-21436	59	22	-	-	PUNCT
fbem-21436	59	23	asset	asset	NOUN
fbem-21436	59	24	ratio	ratio	NOUN
fbem-21436	59	25	,	,	PUNCT
fbem-21436	59	26	operating	operate	VERB
fbem-21436	59	27	income	income	NOUN
fbem-21436	59	28	and	and	CCONJ
fbem-21436	59	29	operating	operating	NOUN
fbem-21436	59	30	costs	cost	NOUN
fbem-21436	59	31	,	,	PUNCT
fbem-21436	59	32	main	main	ADJ
fbem-21436	59	33	business	business	NOUN
fbem-21436	59	34	income	income	NOUN
fbem-21436	59	35	and	and	CCONJ
fbem-21436	59	36	costs	cost	NOUN
fbem-21436	59	37	,	,	PUNCT
fbem-21436	59	38	management	management	NOUN
fbem-21436	59	39	expenses	expense	NOUN
fbem-21436	59	40	,	,	PUNCT
fbem-21436	59	41	the	the	DET
fbem-21436	59	42	remuneration	remuneration	NOUN
fbem-21436	59	43	of	of	ADP
fbem-21436	59	44	the	the	DET
fbem-21436	59	45	top	top	ADJ
fbem-21436	59	46	three	three	NUM
fbem-21436	59	47	executives	executive	NOUN
fbem-21436	59	48	and	and	CCONJ
fbem-21436	59	49	the	the	DET
fbem-21436	59	50	number	number	NOUN
fbem-21436	59	51	of	of	ADP
fbem-21436	59	52	managers	manager	NOUN
fbem-21436	59	53	receiving	receive	VERB
fbem-21436	59	54	compensation	compensation	NOUN
fbem-21436	59	55	.	.	PUNCT
fbem-21436	60	1	the	the	DET
fbem-21436	60	2	study	study	NOUN
fbem-21436	60	3	period	period	NOUN
fbem-21436	60	4	is	be	AUX
fbem-21436	60	5	from	from	ADP
fbem-21436	60	6	2016	2016	NUM
fbem-21436	60	7	to	to	ADP
fbem-21436	60	8	2021	2021	NUM
fbem-21436	60	9	,	,	PUNCT
fbem-21436	60	10	and	and	CCONJ
fbem-21436	60	11	the	the	DET
fbem-21436	60	12	purpose	purpose	NOUN
fbem-21436	60	13	of	of	ADP
fbem-21436	60	14	this	this	DET
fbem-21436	60	15	study	study	NOUN
fbem-21436	60	16	is	be	AUX
fbem-21436	60	17	to	to	PART
fbem-21436	60	18	further	far	ADV
fbem-21436	60	19	investigate	investigate	VERB
fbem-21436	60	20	the	the	DET
fbem-21436	60	21	dynamic	dynamic	ADJ
fbem-21436	60	22	changes	change	NOUN
fbem-21436	60	23	of	of	ADP
fbem-21436	60	24	chang'an	chang'an	NOUN
fbem-21436	60	25	's	's	PART
fbem-21436	60	26	corporate	corporate	ADJ
fbem-21436	60	27	governance	governance	NOUN
fbem-21436	60	28	efficiency	efficiency	NOUN
fbem-21436	60	29	on	on	ADP
fbem-21436	60	30	the	the	DET
fbem-21436	60	31	basis	basis	NOUN
fbem-21436	60	32	of	of	ADP
fbem-21436	60	33	horizontal	horizontal	ADJ
fbem-21436	60	34	comparison	comparison	NOUN
fbem-21436	60	35	of	of	ADP
fbem-21436	60	36	chang'an	chang'an	NOUN
fbem-21436	60	37	's	's	PART
fbem-21436	60	38	corporate	corporate	ADJ
fbem-21436	60	39	governance	governance	NOUN
fbem-21436	60	40	efficiency	efficiency	NOUN
fbem-21436	60	41	.	.	PUNCT
fbem-21436	61	1	4.2	4.2	NUM
fbem-21436	61	2	.	.	PUNCT
fbem-21436	61	3	selection	selection	NOUN
fbem-21436	61	4	of	of	ADP
fbem-21436	61	5	input	input	NOUN
fbem-21436	61	6	-	-	PUNCT
fbem-21436	61	7	output	output	NOUN
fbem-21436	61	8	indicators	indicator	NOUN
fbem-21436	61	9	based	base	VERB
fbem-21436	61	10	on	on	ADP
fbem-21436	61	11	the	the	DET
fbem-21436	61	12	production	production	NOUN
fbem-21436	61	13	function	function	NOUN
fbem-21436	61	14	y	y	PROPN
fbem-21436	61	15	=	=	PROPN
fbem-21436	61	16	f(k	f(k	VERB
fbem-21436	61	17	,	,	PUNCT
fbem-21436	61	18	l	l	NOUN
fbem-21436	61	19	)	)	PUNCT
fbem-21436	61	20	,	,	PUNCT
fbem-21436	61	21	combined	combine	VERB
fbem-21436	61	22	with	with	ADP
fbem-21436	61	23	the	the	DET
fbem-21436	61	24	theory	theory	NOUN
fbem-21436	61	25	of	of	ADP
fbem-21436	61	26	corporate	corporate	ADJ
fbem-21436	61	27	governance	governance	NOUN
fbem-21436	61	28	,	,	PUNCT
fbem-21436	61	29	this	this	DET
fbem-21436	61	30	paper	paper	NOUN
fbem-21436	61	31	satisfies	satisfy	VERB
fbem-21436	61	32	the	the	DET
fbem-21436	61	33	assumptions	assumption	NOUN
fbem-21436	61	34	of	of	ADP
fbem-21436	61	35	the	the	DET
fbem-21436	61	36	dea	dea	PROPN
fbem-21436	61	37	research	research	NOUN
fbem-21436	61	38	method	method	NOUN
fbem-21436	61	39	and	and	CCONJ
fbem-21436	61	40	considers	consider	VERB
fbem-21436	61	41	the	the	DET
fbem-21436	61	42	availability	availability	NOUN
fbem-21436	61	43	of	of	ADP
fbem-21436	61	44	data	datum	NOUN
fbem-21436	61	45	,	,	PUNCT
fbem-21436	61	46	which	which	PRON
fbem-21436	61	47	is	be	AUX
fbem-21436	61	48	the	the	DET
fbem-21436	61	49	main	main	ADJ
fbem-21436	61	50	basis	basis	NOUN
fbem-21436	61	51	for	for	ADP
fbem-21436	61	52	selecting	select	VERB
fbem-21436	61	53	input	input	NOUN
fbem-21436	61	54	and	and	CCONJ
fbem-21436	61	55	output	output	NOUN
fbem-21436	61	56	indicators	indicator	NOUN
fbem-21436	61	57	.	.	PUNCT
fbem-21436	62	1	based	base	VERB
fbem-21436	62	2	on	on	ADP
fbem-21436	62	3	this	this	PRON
fbem-21436	62	4	,	,	PUNCT
fbem-21436	62	5	this	this	DET
fbem-21436	62	6	paper	paper	NOUN
fbem-21436	62	7	selects	select	VERB
fbem-21436	62	8	three	three	NUM
fbem-21436	62	9	input	input	NOUN
fbem-21436	62	10	variables	variable	NOUN
fbem-21436	62	11	:	:	PUNCT
fbem-21436	62	12	management	management	NOUN
fbem-21436	62	13	expenses	expense	NOUN
fbem-21436	62	14	,	,	PUNCT
fbem-21436	62	15	top	top	ADJ
fbem-21436	62	16	three	three	NUM
fbem-21436	62	17	executive	executive	ADJ
fbem-21436	62	18	compensation	compensation	NOUN
fbem-21436	62	19	,	,	PUNCT
fbem-21436	62	20	and	and	CCONJ
fbem-21436	62	21	the	the	DET
fbem-21436	62	22	number	number	NOUN
fbem-21436	62	23	of	of	ADP
fbem-21436	62	24	paid	pay	VERB
fbem-21436	62	25	managers	manager	NOUN
fbem-21436	62	26	.	.	PUNCT
fbem-21436	63	1	the	the	DET
fbem-21436	63	2	selected	select	VERB
fbem-21436	63	3	input	input	NOUN
fbem-21436	63	4	indicators	indicator	NOUN
fbem-21436	63	5	are	be	AUX
fbem-21436	63	6	:	:	PUNCT
fbem-21436	63	7	x1j	x1j	PROPN
fbem-21436	63	8	=	=	SYM
fbem-21436	63	9	management	management	NOUN
fbem-21436	63	10	expenses	expense	NOUN
fbem-21436	63	11	for	for	ADP
fbem-21436	63	12	year	year	NOUN
fbem-21436	63	13	j	j	PROPN
fbem-21436	63	14	x2j	x2j	PUNCT
fbem-21436	64	1	=	=	PRON
fbem-21436	64	2	top	top	VERB
fbem-21436	64	3	three	three	NUM
fbem-21436	64	4	executive	executive	ADJ
fbem-21436	64	5	salaries	salary	NOUN
fbem-21436	64	6	on	on	ADP
fbem-21436	64	7	the	the	DET
fbem-21436	64	8	jth	jth	PROPN
fbem-21436	64	9	level	level	NOUN
fbem-21436	64	10	x3j	x3j	PUNCT
fbem-21436	65	1	=	=	NOUN
fbem-21436	65	2	number	number	NOUN
fbem-21436	65	3	of	of	ADP
fbem-21436	65	4	managers	manager	NOUN
fbem-21436	65	5	receiving	receive	VERB
fbem-21436	65	6	remuneration	remuneration	NOUN
fbem-21436	65	7	in	in	ADP
fbem-21436	65	8	the	the	DET
fbem-21436	65	9	jth	jth	PROPN
fbem-21436	65	10	year	year	NOUN
fbem-21436	65	11	j=1,2,3,4,5,6	j=1,2,3,4,5,6	NOUN
fbem-21436	65	12	for	for	ADP
fbem-21436	65	13	the	the	DET
fbem-21436	65	14	output	output	NOUN
fbem-21436	65	15	indicators	indicator	NOUN
fbem-21436	65	16	,	,	PUNCT
fbem-21436	65	17	this	this	DET
fbem-21436	65	18	paper	paper	NOUN
fbem-21436	65	19	selects	select	NOUN
fbem-21436	65	20	return	return	VERB
fbem-21436	65	21	on	on	ADP
fbem-21436	65	22	equity	equity	NOUN
fbem-21436	65	23	,	,	PUNCT
fbem-21436	65	24	total	total	ADJ
fbem-21436	65	25	asset	asset	NOUN
fbem-21436	65	26	turnover	turnover	NOUN
fbem-21436	65	27	and	and	CCONJ
fbem-21436	65	28	operating	operate	VERB
fbem-21436	65	29	income	income	NOUN
fbem-21436	65	30	growth	growth	NOUN
fbem-21436	65	31	rate	rate	NOUN
fbem-21436	65	32	as	as	ADP
fbem-21436	65	33	the	the	DET
fbem-21436	65	34	output	output	NOUN
fbem-21436	65	35	variables	variable	NOUN
fbem-21436	65	36	of	of	ADP
fbem-21436	65	37	the	the	DET
fbem-21436	65	38	dea	dea	PROPN
fbem-21436	65	39	model	model	PROPN
fbem-21436	65	40	.	.	PUNCT
fbem-21436	66	1	roe	roe	PROPN
fbem-21436	66	2	represents	represent	VERB
fbem-21436	66	3	the	the	DET
fbem-21436	66	4	management	management	NOUN
fbem-21436	66	5	's	's	PART
fbem-21436	66	6	ability	ability	NOUN
fbem-21436	66	7	to	to	PART
fbem-21436	66	8	use	use	VERB
fbem-21436	66	9	net	net	ADJ
fbem-21436	66	10	assets	asset	NOUN
fbem-21436	66	11	to	to	PART
fbem-21436	66	12	create	create	VERB
fbem-21436	66	13	profits	profit	NOUN
fbem-21436	66	14	,	,	PUNCT
fbem-21436	66	15	and	and	CCONJ
fbem-21436	66	16	is	be	AUX
fbem-21436	66	17	the	the	DET
fbem-21436	66	18	most	most	ADV
fbem-21436	66	19	direct	direct	ADJ
fbem-21436	66	20	output	output	NOUN
fbem-21436	66	21	of	of	ADP
fbem-21436	66	22	state	state	NOUN
fbem-21436	66	23	-	-	PUNCT
fbem-21436	66	24	owned	own	VERB
fbem-21436	66	25	enterprises	enterprise	NOUN
fbem-21436	66	26	.	.	PUNCT
fbem-21436	67	1	the	the	DET
fbem-21436	67	2	total	total	ADJ
fbem-21436	67	3	asset	asset	NOUN
fbem-21436	67	4	turnover	turnover	NOUN
fbem-21436	67	5	ratio	ratio	NOUN
fbem-21436	67	6	reflects	reflect	VERB
fbem-21436	67	7	the	the	DET
fbem-21436	67	8	efficiency	efficiency	NOUN
fbem-21436	67	9	with	with	ADP
fbem-21436	67	10	which	which	PRON
fbem-21436	67	11	management	management	NOUN
fbem-21436	67	12	uses	use	VERB
fbem-21436	67	13	assets	asset	NOUN
fbem-21436	67	14	,	,	PUNCT
fbem-21436	67	15	and	and	CCONJ
fbem-21436	67	16	measures	measure	VERB
fbem-21436	67	17	the	the	DET
fbem-21436	67	18	degree	degree	NOUN
fbem-21436	67	19	of	of	ADP
fbem-21436	67	20	agency	agency	NOUN
fbem-21436	67	21	conflict	conflict	NOUN
fbem-21436	67	22	from	from	ADP
fbem-21436	67	23	management	management	NOUN
fbem-21436	67	24	's	's	PART
fbem-21436	67	25	perspective	perspective	NOUN
fbem-21436	67	26	.	.	PUNCT
fbem-21436	68	1	the	the	DET
fbem-21436	68	2	revenue	revenue	NOUN
fbem-21436	68	3	growth	growth	NOUN
fbem-21436	68	4	rate	rate	NOUN
fbem-21436	68	5	reflects	reflect	VERB
fbem-21436	68	6	the	the	DET
fbem-21436	68	7	growth	growth	NOUN
fbem-21436	68	8	of	of	ADP
fbem-21436	68	9	the	the	DET
fbem-21436	68	10	company	company	NOUN
fbem-21436	68	11	and	and	CCONJ
fbem-21436	68	12	is	be	AUX
fbem-21436	68	13	used	use	VERB
fbem-21436	68	14	to	to	PART
fbem-21436	68	15	illustrate	illustrate	VERB
fbem-21436	68	16	the	the	DET
fbem-21436	68	17	future	future	ADJ
fbem-21436	68	18	development	development	NOUN
fbem-21436	68	19	capabilities	capability	NOUN
fbem-21436	68	20	and	and	CCONJ
fbem-21436	68	21	trends	trend	NOUN
fbem-21436	68	22	of	of	ADP
fbem-21436	68	23	state	state	NOUN
fbem-21436	68	24	-	-	PUNCT
fbem-21436	68	25	owned	own	VERB
fbem-21436	68	26	enterprises	enterprise	NOUN
fbem-21436	68	27	.	.	PUNCT
fbem-21436	69	1	the	the	DET
fbem-21436	69	2	selected	select	VERB
fbem-21436	69	3	output	output	NOUN
fbem-21436	69	4	indicators	indicator	NOUN
fbem-21436	69	5	are	be	AUX
fbem-21436	69	6	:	:	PUNCT
fbem-21436	69	7	y1j	y1j	PROPN
fbem-21436	69	8	=	=	PUNCT
fbem-21436	69	9	return	return	VERB
fbem-21436	69	10	on	on	ADP
fbem-21436	69	11	equity	equity	NOUN
fbem-21436	69	12	in	in	ADP
fbem-21436	69	13	the	the	DET
fbem-21436	69	14	jth	jth	PROPN
fbem-21436	69	15	year	year	NOUN
fbem-21436	69	16	y2j	y2j	PROPN
fbem-21436	69	17	=	=	PUNCT
fbem-21436	69	18	growth	growth	NOUN
fbem-21436	69	19	rate	rate	NOUN
fbem-21436	69	20	of	of	ADP
fbem-21436	69	21	operating	operate	VERB
fbem-21436	69	22	income	income	NOUN
fbem-21436	69	23	in	in	ADP
fbem-21436	69	24	the	the	DET
fbem-21436	69	25	jth	jth	PROPN
fbem-21436	69	26	year	year	PROPN
fbem-21436	69	27	y3j	y3j	PROPN
fbem-21436	69	28	=	=	PUNCT
fbem-21436	69	29	total	total	ADJ
fbem-21436	69	30	asset	asset	NOUN
fbem-21436	69	31	turnover	turnover	NOUN
fbem-21436	69	32	in	in	ADP
fbem-21436	69	33	year	year	NOUN
fbem-21436	69	34	j	j	PROPN
fbem-21436	69	35	table	table	NOUN
fbem-21436	69	36	1	1	NUM
fbem-21436	69	37	lists	list	VERB
fbem-21436	69	38	the	the	DET
fbem-21436	69	39	model	model	NOUN
fbem-21436	69	40	variables	variable	NOUN
fbem-21436	69	41	and	and	CCONJ
fbem-21436	69	42	their	their	PRON
fbem-21436	69	43	definitions	definition	NOUN
fbem-21436	69	44	.	.	PUNCT
fbem-21436	70	1	table	table	NOUN
fbem-21436	70	2	1	1	NUM
fbem-21436	70	3	.	.	PUNCT
fbem-21436	71	1	dea	dea	PROPN
fbem-21436	71	2	model	model	PROPN
fbem-21436	71	3	variables	variable	NOUN
fbem-21436	71	4	and	and	CCONJ
fbem-21436	71	5	their	their	PRON
fbem-21436	71	6	definitions	definition	NOUN
fbem-21436	71	7	the	the	DET
fbem-21436	71	8	name	name	NOUN
fbem-21436	71	9	of	of	ADP
fbem-21436	71	10	the	the	DET
fbem-21436	71	11	variable	variable	ADJ
fbem-21436	71	12	variable	variable	ADJ
fbem-21436	71	13	definitions	definition	NOUN
fbem-21436	71	14	input	input	VERB
fbem-21436	71	15	variables	variable	VERB
fbem-21436	71	16	management	management	NOUN
fbem-21436	71	17	fees	fee	NOUN
fbem-21436	71	18	administrative	administrative	ADJ
fbem-21436	71	19	expenses	expense	NOUN
fbem-21436	71	20	/	/	SYM
fbem-21436	71	21	operating	operate	VERB
fbem-21436	71	22	income	income	NOUN
fbem-21436	71	23	top	top	VERB
fbem-21436	71	24	three	three	NUM
fbem-21436	71	25	executive	executive	ADJ
fbem-21436	71	26	compensation	compensation	NOUN
fbem-21436	71	27	top	top	ADJ
fbem-21436	71	28	3	3	NUM
fbem-21436	71	29	executive	executive	NOUN
fbem-21436	71	30	compensation	compensation	NOUN
fbem-21436	71	31	/	/	SYM
fbem-21436	71	32	ln(total	ln(total	ADJ
fbem-21436	71	33	owner	owner	NOUN
fbem-21436	71	34	's	's	PART
fbem-21436	71	35	equity	equity	NOUN
fbem-21436	71	36	)	)	PUNCT
fbem-21436	71	37	number	number	NOUN
fbem-21436	71	38	of	of	ADP
fbem-21436	71	39	remunerated	remunerate	VERB
fbem-21436	71	40	management	management	NOUN
fbem-21436	71	41	number	number	NOUN
fbem-21436	71	42	of	of	ADP
fbem-21436	71	43	managers	manager	NOUN
fbem-21436	71	44	receiving	receive	VERB
fbem-21436	71	45	remuneration	remuneration	NOUN
fbem-21436	71	46	/	/	SYM
fbem-21436	71	47	ln	ln	NOUN
fbem-21436	71	48	(	(	PUNCT
fbem-21436	71	49	total	total	ADJ
fbem-21436	71	50	owners	owner	NOUN
fbem-21436	71	51	'	'	PART
fbem-21436	71	52	equity	equity	NOUN
fbem-21436	71	53	)	)	PUNCT
fbem-21436	71	54	output	output	NOUN
fbem-21436	71	55	variables	variable	NOUN
fbem-21436	71	56	return	return	VERB
fbem-21436	71	57	on	on	ADP
fbem-21436	71	58	equity	equity	NOUN
fbem-21436	71	59	net	net	ADJ
fbem-21436	71	60	profit	profit	NOUN
fbem-21436	71	61	×2	×2	PROPN
fbem-21436	71	62	/	/	SYM
fbem-21436	71	63	(	(	PUNCT
fbem-21436	71	64	total	total	ADJ
fbem-21436	71	65	owners	owner	NOUN
fbem-21436	71	66	'	'	PART
fbem-21436	71	67	equity	equity	NOUN
fbem-21436	71	68	at	at	ADP
fbem-21436	71	69	the	the	DET
fbem-21436	71	70	beginning	beginning	NOUN
fbem-21436	71	71	of	of	ADP
fbem-21436	71	72	the	the	DET
fbem-21436	71	73	year	year	NOUN
fbem-21436	71	74	+	+	CCONJ
fbem-21436	71	75	total	total	ADJ
fbem-21436	71	76	owners	owner	NOUN
fbem-21436	71	77	'	'	PART
fbem-21436	71	78	equity	equity	NOUN
fbem-21436	71	79	at	at	ADP
fbem-21436	71	80	the	the	DET
fbem-21436	71	81	end	end	NOUN
fbem-21436	71	82	of	of	ADP
fbem-21436	71	83	the	the	DET
fbem-21436	71	84	year	year	NOUN
fbem-21436	71	85	)	)	PUNCT
fbem-21436	71	86	×100	×100	PROPN
fbem-21436	71	87	%	%	NOUN
fbem-21436	71	88	growth	growth	NOUN
fbem-21436	71	89	rate	rate	NOUN
fbem-21436	71	90	of	of	ADP
fbem-21436	71	91	operating	operate	VERB
fbem-21436	71	92	income	income	NOUN
fbem-21436	71	93	operating	operating	NOUN
fbem-21436	71	94	income	income	NOUN
fbem-21436	71	95	×2/(total	×2/(total	ADJ
fbem-21436	71	96	assets	asset	NOUN
fbem-21436	71	97	at	at	ADP
fbem-21436	71	98	the	the	DET
fbem-21436	71	99	beginning	beginning	NOUN
fbem-21436	71	100	of	of	ADP
fbem-21436	71	101	the	the	DET
fbem-21436	71	102	year	year	NOUN
fbem-21436	71	103	+	+	ADP
fbem-21436	71	104	total	total	ADJ
fbem-21436	71	105	assets	asset	NOUN
fbem-21436	71	106	at	at	ADP
fbem-21436	71	107	the	the	DET
fbem-21436	71	108	end	end	NOUN
fbem-21436	71	109	of	of	ADP
fbem-21436	71	110	the	the	DET
fbem-21436	71	111	year)×	year)×	NOUN
fbem-21436	71	112	100	100	NUM
fbem-21436	71	113	%	%	NOUN
fbem-21436	71	114	total	total	ADJ
fbem-21436	71	115	asset	asset	NOUN
fbem-21436	71	116	turnover	turnover	NOUN
fbem-21436	71	117	(	(	PUNCT
fbem-21436	71	118	main	main	ADJ
fbem-21436	71	119	business	business	NOUN
fbem-21436	71	120	income	income	NOUN
fbem-21436	71	121	of	of	ADP
fbem-21436	71	122	the	the	DET
fbem-21436	71	123	current	current	ADJ
fbem-21436	71	124	period	period	NOUN
fbem-21436	71	125	main	main	ADJ
fbem-21436	71	126	business	business	NOUN
fbem-21436	71	127	income	income	NOUN
fbem-21436	71	128	of	of	ADP
fbem-21436	71	129	the	the	DET
fbem-21436	71	130	previous	previous	ADJ
fbem-21436	71	131	period)/main	period)/main	ADJ
fbem-21436	71	132	business	business	NOUN
fbem-21436	71	133	income	income	NOUN
fbem-21436	71	134	of	of	ADP
fbem-21436	71	135	the	the	DET
fbem-21436	71	136	previous	previous	ADJ
fbem-21436	71	137	period	period	NOUN
fbem-21436	71	138	×100	×100	NOUN
fbem-21436	71	139	%	%	NOUN
fbem-21436	71	140	4.3	4.3	NUM
fbem-21436	71	141	.	.	PUNCT
fbem-21436	72	1	construction	construction	NOUN
fbem-21436	72	2	of	of	ADP
fbem-21436	72	3	dea	dea	PROPN
fbem-21436	72	4	system	system	NOUN
fbem-21436	72	5	model	model	VERB
fbem-21436	72	6	the	the	DET
fbem-21436	72	7	bcc	bcc	PROPN
fbem-21436	72	8	model	model	NOUN
fbem-21436	72	9	takes	take	VERB
fbem-21436	72	10	into	into	ADP
fbem-21436	72	11	account	account	NOUN
fbem-21436	72	12	that	that	SCONJ
fbem-21436	72	13	in	in	ADP
fbem-21436	72	14	the	the	DET
fbem-21436	72	15	case	case	NOUN
fbem-21436	72	16	of	of	ADP
fbem-21436	72	17	variable	variable	ADJ
fbem-21436	72	18	scale	scale	NOUN
fbem-21436	72	19	benefit	benefit	NOUN
fbem-21436	72	20	(	(	PUNCT
fbem-21436	72	21	vrs	vrs	PROPN
fbem-21436	72	22	)	)	PUNCT
fbem-21436	72	23	,	,	PUNCT
fbem-21436	72	24	that	that	ADV
fbem-21436	72	25	is	is	ADV
fbem-21436	72	26	,	,	PUNCT
fbem-21436	72	27	when	when	SCONJ
fbem-21436	72	28	some	some	DET
fbem-21436	72	29	decisionmaking	decisionmake	VERB
fbem-21436	72	30	units	unit	NOUN
fbem-21436	72	31	are	be	AUX
fbem-21436	72	32	not	not	PART
fbem-21436	72	33	operating	operate	VERB
fbem-21436	72	34	at	at	ADP
fbem-21436	72	35	optimal	optimal	ADJ
fbem-21436	72	36	scale	scale	NOUN
fbem-21436	72	37	,	,	PUNCT
fbem-21436	72	38	the	the	DET
fbem-21436	72	39	measure	measure	NOUN
fbem-21436	72	40	of	of	ADP
fbem-21436	72	41	technology	technology	NOUN
fbem-21436	72	42	efficiency	efficiency	NOUN
fbem-21436	72	43	(	(	PUNCT
fbem-21436	72	44	te	te	INTJ
fbem-21436	72	45	)	)	PUNCT
fbem-21436	72	46	is	be	AUX
fbem-21436	72	47	affected	affect	VERB
fbem-21436	72	48	by	by	ADP
fbem-21436	72	49	scale	scale	NOUN
fbem-21436	72	50	efficiency	efficiency	NOUN
fbem-21436	72	51	218	218	NUM
fbem-21436	72	52	(	(	PUNCT
fbem-21436	72	53	se	se	ADJ
fbem-21436	72	54	)	)	PUNCT
fbem-21436	72	55	.	.	PUNCT
fbem-21436	73	1	when	when	SCONJ
fbem-21436	73	2	building	build	VERB
fbem-21436	73	3	the	the	DET
fbem-21436	73	4	bcc	bcc	PROPN
fbem-21436	73	5	model	model	NOUN
fbem-21436	73	6	,	,	PUNCT
fbem-21436	73	7	we	we	PRON
fbem-21436	73	8	need	need	VERB
fbem-21436	73	9	to	to	PART
fbem-21436	73	10	assume	assume	VERB
fbem-21436	73	11	that	that	SCONJ
fbem-21436	73	12	the	the	DET
fbem-21436	73	13	return	return	NOUN
fbem-21436	73	14	to	to	ADP
fbem-21436	73	15	scale	scale	NOUN
fbem-21436	73	16	is	be	AUX
fbem-21436	73	17	variable	variable	ADJ
fbem-21436	73	18	:	:	PUNCT
fbem-21436	73	19	maxyj∑	maxyj∑	PROPN
fbem-21436	73	20	𝑢𝑟𝑦	𝑢𝑟𝑦	NOUN
fbem-21436	73	21	𝑟𝑗	𝑟𝑗	ADP
fbem-21436	73	22	－𝜇𝑗	－𝜇𝑗	PROPN
fbem-21436	74	1	j	j	PROPN
fbem-21436	74	2	＝1	＝1	ADP
fbem-21436	74	3	2	2	NUM
fbem-21436	74	4	…	…	SYM
fbem-21436	74	5	6	6	NUM
fbem-21436	74	6	s∙t	s∙t	NOUN
fbem-21436	74	7	∑	∑	ADP
fbem-21436	74	8	𝑣𝑖𝑥	𝑣𝑖𝑥	PROPN
fbem-21436	74	9	𝑖𝑗=1	𝑖𝑗=1	PROPN
fbem-21436	74	10	j	j	PROPN
fbem-21436	74	11	＝1	＝1	ADJ
fbem-21436	74	12	2	2	NUM
fbem-21436	74	13	…	…	SYM
fbem-21436	74	14	6	6	NUM
fbem-21436	74	15	∑	∑	NOUN
fbem-21436	74	16	𝑢𝑟𝑦	𝑢𝑟𝑦	PRON
fbem-21436	74	17	𝑟𝑗－	𝑟𝑗－	NOUN
fbem-21436	74	18	∑	∑	ADP
fbem-21436	74	19	𝑣𝑖𝑥	𝑣𝑖𝑥	NOUN
fbem-21436	74	20	𝑖𝑗	𝑖𝑗	ADP
fbem-21436	74	21	－𝜇𝑗	－𝜇𝑗	NUM
fbem-21436	74	22	𝑗	𝑗	INTJ
fbem-21436	74	23	≤0	≤0	PROPN
fbem-21436	74	24	j	j	PROPN
fbem-21436	74	25	＝1	＝1	ADJ
fbem-21436	74	26	2	2	NUM
fbem-21436	74	27	…	…	PUNCT
fbem-21436	74	28	,	,	PUNCT
fbem-21436	74	29	6	6	NUM
fbem-21436	74	30	ur	ur	NOUN
fbem-21436	74	31	,	,	PUNCT
fbem-21436	74	32	vi	vi	PROPN
fbem-21436	74	33	≥0	≥0	NOUN
fbem-21436	74	34	r	r	NOUN
fbem-21436	74	35	＝1	＝1	PROPN
fbem-21436	74	36	2	2	NUM
fbem-21436	74	37	;	;	PUNCT
fbem-21436	74	38	i	i	PROPN
fbem-21436	74	39	＝1	＝1	PROPN
fbem-21436	74	40	,	,	PUNCT
fbem-21436	74	41	2	2	NUM
fbem-21436	74	42	,	,	PUNCT
fbem-21436	74	43	3	3	NUM
fbem-21436	74	44	,	,	PUNCT
fbem-21436	74	45	where	where	SCONJ
fbem-21436	74	46	μj	μj	PROPN
fbem-21436	74	47	is	be	AUX
fbem-21436	74	48	the	the	DET
fbem-21436	74	49	scale	scale	NOUN
fbem-21436	74	50	reward	reward	NOUN
fbem-21436	74	51	indicator	indicator	NOUN
fbem-21436	74	52	for	for	ADP
fbem-21436	74	53	year	year	NOUN
fbem-21436	74	54	j	j	PROPN
fbem-21436	74	55	based	base	VERB
fbem-21436	74	56	on	on	ADP
fbem-21436	74	57	μj	μj	PROPN
fbem-21436	74	58	,	,	PUNCT
fbem-21436	74	59	you	you	PRON
fbem-21436	74	60	can	can	AUX
fbem-21436	74	61	judge	judge	VERB
fbem-21436	74	62	the	the	DET
fbem-21436	74	63	scale	scale	NOUN
fbem-21436	74	64	remuneration	remuneration	NOUN
fbem-21436	74	65	.	.	PUNCT
fbem-21436	75	1	when	when	SCONJ
fbem-21436	75	2	uj>0	uj>0	PROPN
fbem-21436	75	3	indicates	indicate	VERB
fbem-21436	75	4	a	a	DET
fbem-21436	75	5	decreasing	decrease	VERB
fbem-21436	75	6	return	return	NOUN
fbem-21436	75	7	to	to	PART
fbem-21436	75	8	scale	scale	VERB
fbem-21436	75	9	in	in	ADP
fbem-21436	75	10	year	year	PROPN
fbem-21436	75	11	j	j	PROPN
fbem-21436	75	12	,	,	PUNCT
fbem-21436	75	13	whenμj=0	whenμj=0	PROPN
fbem-21436	75	14	,	,	PUNCT
fbem-21436	75	15	it	it	PRON
fbem-21436	75	16	means	mean	VERB
fbem-21436	75	17	that	that	SCONJ
fbem-21436	75	18	the	the	DET
fbem-21436	75	19	return	return	NOUN
fbem-21436	75	20	to	to	PART
fbem-21436	75	21	scale	scale	NOUN
fbem-21436	75	22	remains	remain	VERB
fbem-21436	75	23	unchanged	unchanged	ADJ
fbem-21436	75	24	in	in	ADP
fbem-21436	75	25	year	year	NOUN
fbem-21436	75	26	j	j	PROPN
fbem-21436	75	27	,	,	PUNCT
fbem-21436	75	28	and	and	CCONJ
fbem-21436	75	29	whenμj	whenμj	VERB
fbem-21436	75	30	<	<	X
fbem-21436	75	31	0	0	NUM
fbem-21436	75	32	,	,	PUNCT
fbem-21436	75	33	it	it	PRON
fbem-21436	75	34	means	mean	VERB
fbem-21436	75	35	that	that	SCONJ
fbem-21436	75	36	the	the	DET
fbem-21436	75	37	return	return	NOUN
fbem-21436	75	38	to	to	PART
fbem-21436	75	39	scale	scale	VERB
fbem-21436	75	40	increases	increase	NOUN
fbem-21436	75	41	in	in	ADP
fbem-21436	75	42	year	year	NOUN
fbem-21436	75	43	j.	j.	PROPN
fbem-21436	75	44	the	the	DET
fbem-21436	75	45	scale	scale	NOUN
fbem-21436	75	46	efficiency	efficiency	NOUN
fbem-21436	75	47	(	(	PUNCT
fbem-21436	75	48	se	se	ADJ
fbem-21436	75	49	)	)	PUNCT
fbem-21436	75	50	value	value	NOUN
fbem-21436	75	51	in	in	ADP
fbem-21436	75	52	the	the	DET
fbem-21436	75	53	bcc	bcc	PROPN
fbem-21436	75	54	model	model	NOUN
fbem-21436	75	55	compares	compare	VERB
fbem-21436	75	56	the	the	DET
fbem-21436	75	57	technical	technical	ADJ
fbem-21436	75	58	efficiency	efficiency	NOUN
fbem-21436	75	59	of	of	ADP
fbem-21436	75	60	a	a	DET
fbem-21436	75	61	particular	particular	ADJ
fbem-21436	75	62	decision	decision	NOUN
fbem-21436	75	63	unit	unit	NOUN
fbem-21436	75	64	under	under	ADP
fbem-21436	75	65	a	a	DET
fbem-21436	75	66	constant	constant	ADJ
fbem-21436	75	67	scale	scale	NOUN
fbem-21436	75	68	reward	reward	NOUN
fbem-21436	75	69	(	(	PUNCT
fbem-21436	75	70	crs	crs	PROPN
fbem-21436	75	71	)	)	PUNCT
fbem-21436	75	72	with	with	ADP
fbem-21436	75	73	the	the	DET
fbem-21436	75	74	technical	technical	ADJ
fbem-21436	75	75	efficiency	efficiency	NOUN
fbem-21436	75	76	under	under	ADP
fbem-21436	75	77	a	a	DET
fbem-21436	75	78	variable	variable	ADJ
fbem-21436	75	79	scale	scale	NOUN
fbem-21436	75	80	reward	reward	NOUN
fbem-21436	75	81	(	(	PUNCT
fbem-21436	75	82	vrs	vrs	ADJ
fbem-21436	75	83	)	)	PUNCT
fbem-21436	75	84	.	.	PUNCT
fbem-21436	76	1	if	if	SCONJ
fbem-21436	76	2	there	there	PRON
fbem-21436	76	3	is	be	VERB
fbem-21436	76	4	no	no	DET
fbem-21436	76	5	difference	difference	NOUN
fbem-21436	76	6	between	between	ADP
fbem-21436	76	7	the	the	DET
fbem-21436	76	8	two	two	NUM
fbem-21436	76	9	,	,	PUNCT
fbem-21436	76	10	it	it	PRON
fbem-21436	76	11	means	mean	VERB
fbem-21436	76	12	that	that	SCONJ
fbem-21436	76	13	the	the	DET
fbem-21436	76	14	inefficiency	inefficiency	NOUN
fbem-21436	76	15	of	of	ADP
fbem-21436	76	16	the	the	DET
fbem-21436	76	17	decision	decision	NOUN
fbem-21436	76	18	-	-	PUNCT
fbem-21436	76	19	making	make	VERB
fbem-21436	76	20	unit	unit	NOUN
fbem-21436	76	21	is	be	AUX
fbem-21436	76	22	due	due	ADJ
fbem-21436	76	23	to	to	ADP
fbem-21436	76	24	the	the	DET
fbem-21436	76	25	technical	technical	ADJ
fbem-21436	76	26	inefficiency	inefficiency	NOUN
fbem-21436	76	27	,	,	PUNCT
fbem-21436	76	28	and	and	CCONJ
fbem-21436	76	29	if	if	SCONJ
fbem-21436	76	30	there	there	PRON
fbem-21436	76	31	is	be	VERB
fbem-21436	76	32	a	a	DET
fbem-21436	76	33	difference	difference	NOUN
fbem-21436	76	34	between	between	ADP
fbem-21436	76	35	the	the	DET
fbem-21436	76	36	two	two	NUM
fbem-21436	76	37	,	,	PUNCT
fbem-21436	76	38	it	it	PRON
fbem-21436	76	39	means	mean	VERB
fbem-21436	76	40	that	that	SCONJ
fbem-21436	76	41	the	the	DET
fbem-21436	76	42	inefficiency	inefficiency	NOUN
fbem-21436	76	43	of	of	ADP
fbem-21436	76	44	the	the	DET
fbem-21436	76	45	decision	decision	NOUN
fbem-21436	76	46	-	-	PUNCT
fbem-21436	76	47	making	make	VERB
fbem-21436	76	48	unit	unit	NOUN
fbem-21436	76	49	is	be	AUX
fbem-21436	76	50	due	due	ADJ
fbem-21436	76	51	to	to	ADP
fbem-21436	76	52	the	the	DET
fbem-21436	76	53	inefficiency	inefficiency	NOUN
fbem-21436	76	54	of	of	ADP
fbem-21436	76	55	scale	scale	NOUN
fbem-21436	76	56	.	.	PUNCT
fbem-21436	77	1	the	the	DET
fbem-21436	77	2	relationship	relationship	NOUN
fbem-21436	77	3	between	between	ADP
fbem-21436	77	4	them	they	PRON
fbem-21436	77	5	can	can	AUX
fbem-21436	77	6	be	be	AUX
fbem-21436	77	7	expressed	express	VERB
fbem-21436	77	8	as	as	ADP
fbem-21436	77	9	:	:	PUNCT
fbem-21436	77	10	tecrs	tecrs	PROPN
fbem-21436	77	11	=	=	NOUN
fbem-21436	77	12	tevrs×se	tevrs×se	NOUN
fbem-21436	77	13	=	=	NOUN
fbem-21436	77	14	pte×se	pte×se	NOUN
fbem-21436	77	15	in	in	ADP
fbem-21436	77	16	the	the	DET
fbem-21436	77	17	formula	formula	NOUN
fbem-21436	77	18	,	,	PUNCT
fbem-21436	77	19	tecrs	tecr	NOUN
fbem-21436	77	20	represents	represent	VERB
fbem-21436	77	21	the	the	DET
fbem-21436	77	22	technical	technical	ADJ
fbem-21436	77	23	efficiency	efficiency	NOUN
fbem-21436	77	24	value	value	NOUN
fbem-21436	77	25	under	under	ADP
fbem-21436	77	26	the	the	DET
fbem-21436	77	27	fixed	fix	VERB
fbem-21436	77	28	scale	scale	NOUN
fbem-21436	77	29	remuneration	remuneration	NOUN
fbem-21436	77	30	,	,	PUNCT
fbem-21436	77	31	tevrs	tevrs	NOUN
fbem-21436	77	32	represents	represent	VERB
fbem-21436	77	33	the	the	DET
fbem-21436	77	34	technical	technical	ADJ
fbem-21436	77	35	efficiency	efficiency	NOUN
fbem-21436	77	36	value	value	NOUN
fbem-21436	77	37	under	under	ADP
fbem-21436	77	38	the	the	DET
fbem-21436	77	39	variable	variable	ADJ
fbem-21436	77	40	scale	scale	NOUN
fbem-21436	77	41	remuneration	remuneration	NOUN
fbem-21436	77	42	,	,	PUNCT
fbem-21436	77	43	i.e.	i.e.	X
fbem-21436	77	44	,	,	PUNCT
fbem-21436	77	45	the	the	DET
fbem-21436	77	46	pure	pure	ADJ
fbem-21436	77	47	technical	technical	ADJ
fbem-21436	77	48	efficiency	efficiency	NOUN
fbem-21436	77	49	(	(	PUNCT
fbem-21436	77	50	pte	pte	NOUN
fbem-21436	77	51	)	)	PUNCT
fbem-21436	77	52	,	,	PUNCT
fbem-21436	77	53	and	and	CCONJ
fbem-21436	77	54	se	se	X
fbem-21436	77	55	represents	represent	VERB
fbem-21436	77	56	the	the	DET
fbem-21436	77	57	scale	scale	NOUN
fbem-21436	77	58	efficiency	efficiency	NOUN
fbem-21436	77	59	value	value	NOUN
fbem-21436	77	60	.	.	PUNCT
fbem-21436	78	1	through	through	ADP
fbem-21436	78	2	the	the	DET
fbem-21436	78	3	bcc	bcc	PROPN
fbem-21436	78	4	model	model	NOUN
fbem-21436	78	5	,	,	PUNCT
fbem-21436	78	6	it	it	PRON
fbem-21436	78	7	can	can	AUX
fbem-21436	78	8	be	be	AUX
fbem-21436	78	9	clearly	clearly	ADV
fbem-21436	78	10	seen	see	VERB
fbem-21436	78	11	to	to	ADP
fbem-21436	78	12	what	what	DET
fbem-21436	78	13	extent	extent	NOUN
fbem-21436	78	14	changan	changan	NOUN
fbem-21436	78	15	group	group	NOUN
fbem-21436	78	16	's	's	PART
fbem-21436	78	17	inefficiency	inefficiency	NOUN
fbem-21436	78	18	is	be	AUX
fbem-21436	78	19	due	due	ADJ
fbem-21436	78	20	to	to	ADP
fbem-21436	78	21	pure	pure	ADJ
fbem-21436	78	22	technical	technical	ADJ
fbem-21436	78	23	inefficiency	inefficiency	NOUN
fbem-21436	78	24	(	(	PUNCT
fbem-21436	78	25	redundancy	redundancy	NOUN
fbem-21436	78	26	of	of	ADP
fbem-21436	78	27	factor	factor	NOUN
fbem-21436	78	28	inputs	input	NOUN
fbem-21436	78	29	)	)	PUNCT
fbem-21436	78	30	and	and	CCONJ
fbem-21436	78	31	to	to	ADP
fbem-21436	78	32	what	what	DET
fbem-21436	78	33	extent	extent	NOUN
fbem-21436	78	34	it	it	PRON
fbem-21436	78	35	is	be	AUX
fbem-21436	78	36	due	due	ADJ
fbem-21436	78	37	to	to	PART
fbem-21436	78	38	scale	scale	VERB
fbem-21436	78	39	inefficiency	inefficiency	NOUN
fbem-21436	78	40	(	(	PUNCT
fbem-21436	78	41	not	not	PART
fbem-21436	78	42	reaching	reach	VERB
fbem-21436	78	43	the	the	DET
fbem-21436	78	44	optimal	optimal	ADJ
fbem-21436	78	45	scale	scale	NOUN
fbem-21436	78	46	)	)	PUNCT
fbem-21436	78	47	5	5	NUM
fbem-21436	78	48	.	.	PUNCT
fbem-21436	79	1	analysis	analysis	NOUN
fbem-21436	79	2	of	of	ADP
fbem-21436	79	3	empirical	empirical	ADJ
fbem-21436	79	4	results	result	NOUN
fbem-21436	79	5	deap2.1	deap2.1	NUM
fbem-21436	79	6	software	software	NOUN
fbem-21436	79	7	was	be	AUX
fbem-21436	79	8	used	use	VERB
fbem-21436	79	9	to	to	PART
fbem-21436	79	10	calculate	calculate	VERB
fbem-21436	79	11	the	the	DET
fbem-21436	79	12	comprehensive	comprehensive	ADJ
fbem-21436	79	13	technical	technical	ADJ
fbem-21436	79	14	efficiency	efficiency	NOUN
fbem-21436	79	15	(	(	PUNCT
fbem-21436	79	16	te	te	PROPN
fbem-21436	79	17	)	)	PUNCT
fbem-21436	79	18	,	,	PUNCT
fbem-21436	79	19	pure	pure	ADJ
fbem-21436	79	20	technical	technical	ADJ
fbem-21436	79	21	efficiency	efficiency	NOUN
fbem-21436	79	22	(	(	PUNCT
fbem-21436	79	23	pte	pte	NOUN
fbem-21436	79	24	)	)	PUNCT
fbem-21436	79	25	,	,	PUNCT
fbem-21436	79	26	scale	scale	NOUN
fbem-21436	79	27	efficiency	efficiency	NOUN
fbem-21436	79	28	(	(	PUNCT
fbem-21436	79	29	se	se	X
fbem-21436	79	30	)	)	PUNCT
fbem-21436	79	31	and	and	CCONJ
fbem-21436	79	32	scale	scale	NOUN
fbem-21436	79	33	benefit	benefit	NOUN
fbem-21436	79	34	status	status	NOUN
fbem-21436	79	35	of	of	ADP
fbem-21436	79	36	changan	changan	ADJ
fbem-21436	79	37	group	group	NOUN
fbem-21436	79	38	from	from	ADP
fbem-21436	79	39	2016	2016	NUM
fbem-21436	79	40	to	to	ADP
fbem-21436	79	41	2021	2021	NUM
fbem-21436	79	42	,	,	PUNCT
fbem-21436	79	43	and	and	CCONJ
fbem-21436	79	44	the	the	DET
fbem-21436	79	45	results	result	NOUN
fbem-21436	79	46	are	be	AUX
fbem-21436	79	47	shown	show	VERB
fbem-21436	79	48	in	in	ADP
fbem-21436	79	49	table	table	NOUN
fbem-21436	79	50	2	2	NUM
fbem-21436	79	51	.	.	PUNCT
fbem-21436	79	52	table	table	NOUN
fbem-21436	79	53	2	2	NUM
fbem-21436	79	54	.	.	PUNCT
fbem-21436	79	55	efficiency	efficiency	NOUN
fbem-21436	79	56	values	value	NOUN
fbem-21436	79	57	of	of	ADP
fbem-21436	79	58	changan	changan	ADJ
fbem-21436	79	59	group	group	NOUN
fbem-21436	79	60	from	from	ADP
fbem-21436	79	61	2016	2016	NUM
fbem-21436	79	62	to	to	ADP
fbem-21436	79	63	2021	2021	NUM
fbem-21436	79	64	dmu	dmu	PROPN
fbem-21436	79	65	te	te	PROPN
fbem-21436	79	66	pte	pte	PROPN
fbem-21436	79	67	se	se	PROPN
fbem-21436	79	68	gains	gain	NOUN
fbem-21436	79	69	at	at	ADP
fbem-21436	79	70	scale	scale	NOUN
fbem-21436	79	71	te	te	ADP
fbem-21436	79	72	pte	pte	PROPN
fbem-21436	79	73	se	se	PROPN
fbem-21436	79	74	gains	gain	NOUN
fbem-21436	79	75	at	at	ADP
fbem-21436	79	76	scale	scale	NOUN
fbem-21436	79	77	te	te	ADP
fbem-21436	79	78	pte	pte	PROPN
fbem-21436	79	79	se	se	PROPN
fbem-21436	79	80	gains	gain	NOUN
fbem-21436	79	81	at	at	ADP
fbem-21436	79	82	scale	scale	NOUN
fbem-21436	79	83	2016	2016	NUM
fbem-21436	79	84	0.472	0.472	NUM
fbem-21436	79	85	0.599	0.599	NUM
fbem-21436	79	86	0.788	0.788	NUM
fbem-21436	79	87	drs	dr	NOUN
fbem-21436	79	88	0.460	0.460	NUM
fbem-21436	79	89	0.549	0.549	NUM
fbem-21436	79	90	0.838	0.838	NUM
fbem-21436	79	91	drs	dr	NOUN
fbem-21436	79	92	0.402	0.402	NUM
fbem-21436	79	93	0.492	0.492	NUM
fbem-21436	79	94	0.816	0.816	NUM
fbem-21436	79	95	drs	drs	PROPN
fbem-21436	79	96	2017	2017	NUM
fbem-21436	79	97	0.362	0.362	NUM
fbem-21436	79	98	0.393	0.393	NUM
fbem-21436	79	99	0.921	0.921	NUM
fbem-21436	79	100	drs	dr	NOUN
fbem-21436	79	101	0.252	0.252	NUM
fbem-21436	79	102	0.267	0.267	NUM
fbem-21436	79	103	0.945	0.945	NUM
fbem-21436	79	104	drs	drs	NOUN
fbem-21436	79	105	0.255	0.255	NUM
fbem-21436	79	106	0.262	0.262	NUM
fbem-21436	79	107	0.972	0.972	NUM
fbem-21436	79	108	irs	irs	PROPN
fbem-21436	79	109	2018	2018	NUM
fbem-21436	79	110	0.819	0.819	NUM
fbem-21436	79	111	1.000	1.000	NUM
fbem-21436	79	112	0.819	0.819	NUM
fbem-21436	79	113	drs	drs	PROPN
fbem-21436	79	114	0.765	0.765	NUM
fbem-21436	79	115	0.854	0.854	NUM
fbem-21436	79	116	0.895	0.895	NUM
fbem-21436	79	117	drs	drs	NOUN
fbem-21436	79	118	0.583	0.583	NUM
fbem-21436	79	119	0.698	0.698	NUM
fbem-21436	79	120	0.831	0.831	NUM
fbem-21436	79	121	drs	drs	PROPN
fbem-21436	79	122	2019	2019	NUM
fbem-21436	79	123	0.266	0.266	NUM
fbem-21436	79	124	0.274	0.274	NUM
fbem-21436	79	125	0.974	0.974	NUM
fbem-21436	79	126	drs	dr	NOUN
fbem-21436	79	127	0.200	0.200	NUM
fbem-21436	79	128	0.223	0.223	NUM
fbem-21436	79	129	0.897	0.897	NUM
fbem-21436	79	130	irs	irs	PROPN
fbem-21436	79	131	0.267	0.267	ADP
fbem-21436	79	132	0.283	0.283	NUM
fbem-21436	79	133	0.941	0.941	NUM
fbem-21436	79	134	drs	dr	NOUN
fbem-21436	79	135	2020	2020	NUM
fbem-21436	79	136	0.288	0.288	NUM
fbem-21436	79	137	0.325	0.325	NUM
fbem-21436	79	138	0.887	0.887	NUM
fbem-21436	79	139	drs	drs	NOUN
fbem-21436	79	140	0.143	0.143	NUM
fbem-21436	79	141	0.177	0.177	NUM
fbem-21436	79	142	0.812	0.812	NUM
fbem-21436	79	143	irs	irs	PROPN
fbem-21436	79	144	0.246	0.246	NUM
fbem-21436	79	145	0.272	0.272	NUM
fbem-21436	79	146	0.893	0.893	NUM
fbem-21436	79	147	irs	irs	PROPN
fbem-21436	79	148	2021	2021	NUM
fbem-21436	79	149	0.300	0.300	NUM
fbem-21436	79	150	0.381	0.381	NUM
fbem-21436	79	151	0.787	0.787	NUM
fbem-21436	79	152	drs	dr	NOUN
fbem-21436	79	153	0.265	0.265	NUM
fbem-21436	79	154	0.279	0.279	NUM
fbem-21436	79	155	0.950	0.950	NUM
fbem-21436	79	156	irs	irs	PROPN
fbem-21436	79	157	0.313	0.313	NUM
fbem-21436	79	158	0.346	0.346	NUM
fbem-21436	79	159	0.909	0.909	NUM
fbem-21436	79	160	irs	irs	PROPN
fbem-21436	79	161	as	as	SCONJ
fbem-21436	79	162	can	can	AUX
fbem-21436	79	163	be	be	AUX
fbem-21436	79	164	seen	see	VERB
fbem-21436	79	165	from	from	ADP
fbem-21436	79	166	table	table	NOUN
fbem-21436	79	167	2	2	NUM
fbem-21436	79	168	,	,	PUNCT
fbem-21436	79	169	before	before	ADP
fbem-21436	79	170	considering	consider	VERB
fbem-21436	79	171	environmental	environmental	ADJ
fbem-21436	79	172	variables	variable	NOUN
fbem-21436	79	173	and	and	CCONJ
fbem-21436	79	174	random	random	ADJ
fbem-21436	79	175	interferences	interference	NOUN
fbem-21436	79	176	,	,	PUNCT
fbem-21436	79	177	chang'an	chang'an	VERB
fbem-21436	79	178	group	group	NOUN
fbem-21436	79	179	's	's	PART
fbem-21436	79	180	innovation	innovation	NOUN
fbem-21436	79	181	efficiency	efficiency	NOUN
fbem-21436	79	182	generally	generally	ADV
fbem-21436	79	183	has	have	VERB
fbem-21436	79	184	the	the	DET
fbem-21436	79	185	following	follow	VERB
fbem-21436	79	186	characteristics	characteristic	NOUN
fbem-21436	79	187	:	:	PUNCT
fbem-21436	79	188	the	the	DET
fbem-21436	79	189	overall	overall	ADJ
fbem-21436	79	190	average	average	ADJ
fbem-21436	79	191	comprehensive	comprehensive	ADJ
fbem-21436	79	192	technical	technical	ADJ
fbem-21436	79	193	efficiency	efficiency	NOUN
fbem-21436	79	194	is	be	AUX
fbem-21436	79	195	0.361	0.361	NUM
fbem-21436	79	196	,	,	PUNCT
fbem-21436	79	197	which	which	PRON
fbem-21436	79	198	does	do	AUX
fbem-21436	79	199	not	not	PART
fbem-21436	79	200	reach	reach	VERB
fbem-21436	79	201	the	the	DET
fbem-21436	79	202	dea	dea	PROPN
fbem-21436	79	203	effect	effect	NOUN
fbem-21436	79	204	,	,	PUNCT
fbem-21436	79	205	the	the	DET
fbem-21436	79	206	total	total	ADJ
fbem-21436	79	207	average	average	ADJ
fbem-21436	79	208	pure	pure	ADJ
fbem-21436	79	209	technical	technical	ADJ
fbem-21436	79	210	efficiency	efficiency	NOUN
fbem-21436	79	211	is	be	AUX
fbem-21436	79	212	0.399	0.399	NUM
fbem-21436	79	213	,	,	PUNCT
fbem-21436	79	214	indicating	indicate	VERB
fbem-21436	79	215	that	that	SCONJ
fbem-21436	79	216	chang'an	chang'an	VERB
fbem-21436	79	217	group	group	NOUN
fbem-21436	79	218	's	's	PART
fbem-21436	79	219	input	input	NOUN
fbem-21436	79	220	-	-	PUNCT
fbem-21436	79	221	output	output	NOUN
fbem-21436	79	222	transformation	transformation	NOUN
fbem-21436	79	223	technology	technology	NOUN
fbem-21436	79	224	level	level	NOUN
fbem-21436	79	225	is	be	AUX
fbem-21436	79	226	relatively	relatively	ADV
fbem-21436	79	227	low	low	ADJ
fbem-21436	79	228	,	,	PUNCT
fbem-21436	79	229	and	and	CCONJ
fbem-21436	79	230	the	the	DET
fbem-21436	79	231	total	total	ADJ
fbem-21436	79	232	average	average	ADJ
fbem-21436	79	233	scale	scale	NOUN
fbem-21436	79	234	efficiency	efficiency	NOUN
fbem-21436	79	235	is	be	AUX
fbem-21436	79	236	0.894	0.894	NUM
fbem-21436	79	237	,	,	PUNCT
fbem-21436	79	238	indicating	indicate	VERB
fbem-21436	79	239	that	that	SCONJ
fbem-21436	79	240	changan	changan	ADJ
fbem-21436	79	241	group	group	NOUN
fbem-21436	79	242	has	have	VERB
fbem-21436	79	243	a	a	DET
fbem-21436	79	244	significant	significant	ADJ
fbem-21436	79	245	scale	scale	NOUN
fbem-21436	79	246	effect	effect	NOUN
fbem-21436	79	247	.	.	PUNCT
fbem-21436	80	1	according	accord	VERB
fbem-21436	80	2	to	to	ADP
fbem-21436	80	3	the	the	DET
fbem-21436	80	4	calculation	calculation	NOUN
fbem-21436	80	5	results	result	NOUN
fbem-21436	80	6	of	of	ADP
fbem-21436	80	7	the	the	DET
fbem-21436	80	8	traditional	traditional	ADJ
fbem-21436	80	9	dea	dea	PROPN
fbem-21436	80	10	model	model	NOUN
fbem-21436	80	11	,	,	PUNCT
fbem-21436	80	12	the	the	DET
fbem-21436	80	13	overall	overall	ADJ
fbem-21436	80	14	scale	scale	NOUN
fbem-21436	80	15	efficiency	efficiency	NOUN
fbem-21436	80	16	is	be	AUX
fbem-21436	80	17	greater	great	ADJ
fbem-21436	80	18	than	than	ADP
fbem-21436	80	19	the	the	DET
fbem-21436	80	20	pure	pure	ADJ
fbem-21436	80	21	technical	technical	ADJ
fbem-21436	80	22	efficiency	efficiency	NOUN
fbem-21436	80	23	,	,	PUNCT
fbem-21436	80	24	indicating	indicate	VERB
fbem-21436	80	25	that	that	SCONJ
fbem-21436	80	26	the	the	DET
fbem-21436	80	27	scale	scale	NOUN
fbem-21436	80	28	factor	factor	NOUN
fbem-21436	80	29	plays	play	VERB
fbem-21436	80	30	an	an	DET
fbem-21436	80	31	important	important	ADJ
fbem-21436	80	32	role	role	NOUN
fbem-21436	80	33	in	in	ADP
fbem-21436	80	34	the	the	DET
fbem-21436	80	35	development	development	NOUN
fbem-21436	80	36	of	of	ADP
fbem-21436	80	37	chang'an	chang'an	PROPN
fbem-21436	80	38	group	group	NOUN
fbem-21436	80	39	's	's	PART
fbem-21436	80	40	innovative	innovative	ADJ
fbem-21436	80	41	technology	technology	NOUN
fbem-21436	80	42	,	,	PUNCT
fbem-21436	80	43	and	and	CCONJ
fbem-21436	80	44	the	the	DET
fbem-21436	80	45	technical	technical	ADJ
fbem-21436	80	46	factor	factor	NOUN
fbem-21436	80	47	is	be	AUX
fbem-21436	80	48	in	in	ADP
fbem-21436	80	49	a	a	DET
fbem-21436	80	50	secondary	secondary	ADJ
fbem-21436	80	51	position	position	NOUN
fbem-21436	80	52	.	.	PUNCT
fbem-21436	81	1	6	6	X
fbem-21436	81	2	.	.	X
fbem-21436	81	3	conclusion	conclusion	PROPN
fbem-21436	81	4	changan	changan	PROPN
fbem-21436	81	5	group	group	NOUN
fbem-21436	81	6	's	's	PART
fbem-21436	81	7	overall	overall	ADJ
fbem-21436	81	8	innovation	innovation	NOUN
fbem-21436	81	9	capability	capability	NOUN
fbem-21436	81	10	is	be	AUX
fbem-21436	81	11	insufficient	insufficient	ADJ
fbem-21436	81	12	.the	.the	PRON
fbem-21436	81	13	results	result	NOUN
fbem-21436	81	14	show	show	VERB
fbem-21436	81	15	that	that	SCONJ
fbem-21436	81	16	from	from	ADP
fbem-21436	81	17	2016	2016	NUM
fbem-21436	81	18	to	to	ADP
fbem-21436	81	19	2021	2021	NUM
fbem-21436	81	20	,	,	PUNCT
fbem-21436	81	21	the	the	DET
fbem-21436	81	22	average	average	ADJ
fbem-21436	81	23	innovation	innovation	NOUN
fbem-21436	81	24	efficiency	efficiency	NOUN
fbem-21436	81	25	of	of	ADP
fbem-21436	81	26	chang'an	chang'an	PROPN
fbem-21436	81	27	group	group	NOUN
fbem-21436	81	28	is	be	AUX
fbem-21436	81	29	low	low	ADJ
fbem-21436	81	30	,	,	PUNCT
fbem-21436	81	31	indicating	indicate	VERB
fbem-21436	81	32	that	that	SCONJ
fbem-21436	81	33	the	the	DET
fbem-21436	81	34	overall	overall	ADJ
fbem-21436	81	35	innovation	innovation	NOUN
fbem-21436	81	36	ability	ability	NOUN
fbem-21436	81	37	of	of	ADP
fbem-21436	81	38	chang'an	chang'an	NOUN
fbem-21436	81	39	group	group	NOUN
fbem-21436	81	40	is	be	AUX
fbem-21436	81	41	insufficient	insufficient	ADJ
fbem-21436	81	42	,	,	PUNCT
fbem-21436	81	43	which	which	PRON
fbem-21436	81	44	seriously	seriously	ADV
fbem-21436	81	45	affects	affect	VERB
fbem-21436	81	46	the	the	DET
fbem-21436	81	47	development	development	NOUN
fbem-21436	81	48	of	of	ADP
fbem-21436	81	49	chang'an	chang'an	PROPN
fbem-21436	81	50	group	group	NOUN
fbem-21436	81	51	.	.	PUNCT
fbem-21436	82	1	the	the	DET
fbem-21436	82	2	reason	reason	NOUN
fbem-21436	82	3	for	for	ADP
fbem-21436	82	4	the	the	DET
fbem-21436	82	5	low	low	ADJ
fbem-21436	82	6	level	level	NOUN
fbem-21436	82	7	of	of	ADP
fbem-21436	82	8	innovation	innovation	NOUN
fbem-21436	82	9	efficiency	efficiency	NOUN
fbem-21436	82	10	of	of	ADP
fbem-21436	82	11	changan	changan	ADJ
fbem-21436	82	12	group	group	NOUN
fbem-21436	82	13	is	be	AUX
fbem-21436	82	14	mainly	mainly	ADV
fbem-21436	82	15	caused	cause	VERB
fbem-21436	82	16	by	by	ADP
fbem-21436	82	17	the	the	DET
fbem-21436	82	18	combination	combination	NOUN
fbem-21436	82	19	of	of	ADP
fbem-21436	82	20	pure	pure	ADJ
fbem-21436	82	21	technical	technical	ADJ
fbem-21436	82	22	efficiency	efficiency	NOUN
fbem-21436	82	23	and	and	CCONJ
fbem-21436	82	24	low	low	ADJ
fbem-21436	82	25	scale	scale	NOUN
fbem-21436	82	26	efficiency	efficiency	NOUN
fbem-21436	82	27	,	,	PUNCT
fbem-21436	82	28	and	and	CCONJ
fbem-21436	82	29	the	the	DET
fbem-21436	82	30	scale	scale	NOUN
fbem-21436	82	31	efficiency	efficiency	NOUN
fbem-21436	82	32	has	have	VERB
fbem-21436	82	33	a	a	DET
fbem-21436	82	34	greater	great	ADJ
fbem-21436	82	35	impact	impact	NOUN
fbem-21436	82	36	.	.	PUNCT
fbem-21436	83	1	this	this	PRON
fbem-21436	83	2	shows	show	VERB
fbem-21436	83	3	that	that	SCONJ
fbem-21436	83	4	the	the	DET
fbem-21436	83	5	scale	scale	NOUN
fbem-21436	83	6	of	of	ADP
fbem-21436	83	7	chang'an	chang'an	NOUN
fbem-21436	83	8	group	group	NOUN
fbem-21436	83	9	is	be	AUX
fbem-21436	83	10	not	not	PART
fbem-21436	83	11	perfect	perfect	ADJ
fbem-21436	83	12	,	,	PUNCT
fbem-21436	83	13	and	and	CCONJ
fbem-21436	83	14	the	the	DET
fbem-21436	83	15	system	system	NOUN
fbem-21436	83	16	and	and	CCONJ
fbem-21436	83	17	mechanism	mechanism	NOUN
fbem-21436	83	18	are	be	AUX
fbem-21436	83	19	not	not	PART
fbem-21436	83	20	perfect	perfect	ADJ
fbem-21436	83	21	,	,	PUNCT
fbem-21436	83	22	which	which	PRON
fbem-21436	83	23	affects	affect	VERB
fbem-21436	83	24	the	the	DET
fbem-21436	83	25	company	company	NOUN
fbem-21436	83	26	's	's	PART
fbem-21436	83	27	innovation	innovation	NOUN
fbem-21436	83	28	and	and	CCONJ
fbem-21436	83	29	development	development	NOUN
fbem-21436	83	30	.	.	PUNCT
fbem-21436	84	1	references	reference	NOUN
fbem-21436	84	2	[	[	X
fbem-21436	84	3	1	1	X
fbem-21436	84	4	]	]	PUNCT
fbem-21436	84	5	ni	ni	PROPN
fbem-21436	84	6	boo	boo	NOUN
fbem-21436	84	7	.	.	PUNCT
fbem-21436	85	1	research	research	NOUN
fbem-21436	85	2	on	on	ADP
fbem-21436	85	3	financing	financing	NOUN
fbem-21436	85	4	efficiency	efficiency	NOUN
fbem-21436	85	5	of	of	ADP
fbem-21436	85	6	listed	list	VERB
fbem-21436	85	7	companies	company	NOUN
fbem-21436	85	8	in	in	ADP
fbem-21436	85	9	china	china	PROPN
fbem-21436	85	10	based	base	VERB
fbem-21436	85	11	on	on	ADP
fbem-21436	85	12	ahp	ahp	PROPN
fbem-21436	85	13	-	-	PUNCT
fbem-21436	85	14	dea[d].hangzhou	dea[d].hangzhou	PROPN
fbem-21436	85	15	university,2020	university,2020	NOUN
fbem-21436	85	16	.	.	PUNCT
fbem-21436	86	1	(	(	PUNCT
fbem-21436	86	2	32):6	32):6	NUM
fbem-21436	86	3	-	-	SYM
fbem-21436	86	4	12	12	NUM
fbem-21436	86	5	.	.	PUNCT
fbem-21436	87	1	[	[	X
fbem-21436	87	2	2	2	X
fbem-21436	87	3	]	]	PUNCT
fbem-21436	87	4	huang	huang	PROPN
fbem-21436	87	5	xiaoshan	xiaoshan	PROPN
fbem-21436	87	6	.	.	PUNCT
fbem-21436	88	1	research	research	NOUN
fbem-21436	88	2	on	on	ADP
fbem-21436	88	3	the	the	DET
fbem-21436	88	4	technical	technical	ADJ
fbem-21436	88	5	efficiency	efficiency	NOUN
fbem-21436	88	6	of	of	ADP
fbem-21436	88	7	listed	list	VERB
fbem-21436	88	8	companies	company	NOUN
fbem-21436	88	9	in	in	ADP
fbem-21436	88	10	china	china	PROPN
fbem-21436	88	11	's	's	PART
fbem-21436	88	12	manufacturing	manufacturing	NOUN
fbem-21436	88	13	industry[d	industry[d	NOUN
fbem-21436	88	14	]	]	PUNCT
fbem-21436	88	15	.	.	PUNCT
fbem-21436	89	1	normal	normal	ADJ
fbem-21436	89	2	university	university	NOUN
fbem-21436	89	3	,	,	PUNCT
fbem-21436	89	4	2016	2016	NUM
fbem-21436	89	5	.	.	PUNCT
fbem-21436	90	1	(	(	PUNCT
fbem-21436	90	2	55	55	NUM
fbem-21436	90	3	):	):	PUNCT
fbem-21436	90	4	31	31	NUM
fbem-21436	90	5	-	-	SYM
fbem-21436	90	6	43	43	NUM
fbem-21436	90	7	.	.	PUNCT
fbem-21436	91	1	[	[	X
fbem-21436	91	2	3	3	X
fbem-21436	91	3	]	]	X
fbem-21436	91	4	liu	liu	PROPN
fbem-21436	91	5	wenhu.research	wenhu.research	PROPN
fbem-21436	91	6	on	on	ADP
fbem-21436	91	7	corporate	corporate	ADJ
fbem-21436	91	8	governance	governance	NOUN
fbem-21436	91	9	and	and	CCONJ
fbem-21436	91	10	efficiency	efficiency	NOUN
fbem-21436	91	11	evaluation	evaluation	NOUN
fbem-21436	91	12	based	base	VERB
fbem-21436	91	13	on	on	ADP
fbem-21436	91	14	data	datum	NOUN
fbem-21436	91	15	envelopment	envelopment	ADJ
fbem-21436	91	16	analysis	analysis	NOUN
fbem-21436	91	17	method[j].securities	method[j].securitie	NOUN
fbem-21436	91	18	market	market	NOUN
fbem-21436	91	19	herald,2012(11):62	herald,2012(11):62	PROPN
fbem-21436	91	20	-	-	PUNCT
fbem-21436	91	21	67	67	NUM
fbem-21436	91	22	.	.	PUNCT
fbem-21436	92	1	[	[	X
fbem-21436	92	2	4	4	NUM
fbem-21436	92	3	]	]	X
fbem-21436	92	4	diez	diez	NOUN
fbem-21436	92	5	-	-	PUNCT
fbem-21436	92	6	vial	vial	ADJ
fbem-21436	92	7	,	,	PUNCT
fbem-21436	92	8	a.montoro	a.montoro	NOUN
fbem-21436	92	9	-	-	PUNCT
fbem-21436	92	10	sanchez.how	sanchez.how	ADJ
fbem-21436	92	11	knowledge	knowledge	NOUN
fbem-21436	92	12	links	link	NOUN
fbem-21436	92	13	with	with	ADP
fbem-21436	92	14	universities	university	NOUN
fbem-21436	92	15	may	may	AUX
fbem-21436	92	16	foster	foster	VERB
fbem-21436	92	17	innovation	innovation	NOUN
fbem-21436	92	18	:	:	PUNCT
fbem-21436	92	19	the	the	DET
fbem-21436	92	20	case	case	NOUN
fbem-21436	92	21	of	of	ADP
fbem-21436	92	22	a	a	DET
fbem-21436	92	23	science	science	NOUN
fbem-21436	92	24	park	park	NOUN
fbem-21436	92	25	tech	tech	NOUN
fbem-21436	92	26	-	-	PUNCT
fbem-21436	92	27	inovation	inovation	NOUN
fbem-21436	92	28	,	,	PUNCT
fbem-21436	92	29	2016.pp.41	2016.pp.41	PROPN
fbem-21436	92	30	-	-	SYM
fbem-21436	92	31	52	52	NUM
fbem-21436	92	32	.	.	PUNCT
fbem-21436	93	1	[	[	X
fbem-21436	93	2	5	5	X
fbem-21436	93	3	]	]	X
fbem-21436	93	4	ma	ma	PROPN
fbem-21436	93	5	dan	dan	PROPN
fbem-21436	93	6	.	.	PROPN
fbem-21436	93	7	research	research	PROPN
fbem-21436	93	8	on	on	ADP
fbem-21436	93	9	corporate	corporate	ADJ
fbem-21436	93	10	governance	governance	NOUN
fbem-21436	93	11	efficiency	efficiency	NOUN
fbem-21436	93	12	of	of	ADP
fbem-21436	93	13	listed	list	VERB
fbem-21436	93	14	companies	company	NOUN
fbem-21436	93	15	in	in	ADP
fbem-21436	93	16	china	china	PROPN
fbem-21436	93	17	's	's	PART
fbem-21436	93	18	retail	retail	ADJ
fbem-21436	93	19	industry	industry	NOUN
fbem-21436	93	20	based	base	VERB
fbem-21436	93	21	on	on	ADP
fbem-21436	93	22	dea[d].shenyang	dea[d].shenyang	PROPN
fbem-21436	93	23	university	university	PROPN
fbem-21436	93	24	of	of	ADP
fbem-21436	93	25	technology,2010	technology,2010	PROPN
fbem-21436	93	26	.	.	PUNCT
fbem-21436	94	1	(	(	PUNCT
fbem-21436	94	2	6):66	6):66	NUM
fbem-21436	94	3	-	-	SYM
fbem-21436	94	4	67	67	NUM
fbem-21436	94	5	.	.	PUNCT
fbem-21436	95	1	[	[	X
fbem-21436	95	2	6	6	NUM
fbem-21436	95	3	]	]	PUNCT
fbem-21436	95	4	wuj	wuj	NOUN
fbem-21436	95	5	,	,	PUNCT
fbem-21436	95	6	anq．x，xiongb	anq．x，xiongb	ADJ
fbem-21436	95	7	.	.	PUNCT
fbem-21436	96	1	b.	b.	PROPN
fbem-21436	96	2	etal	etal	PROPN
fbem-21436	96	3	.	.	PUNCT
fbem-21436	97	1	congestion	congestion	NOUN
fbem-21436	97	2	measurement	measurement	NOUN
fbem-21436	97	3	for	for	ADP
fbem-21436	97	4	regional	regional	ADJ
fbem-21436	97	5	industries	industry	NOUN
fbem-21436	97	6	in	in	ADP
fbem-21436	97	7	china	china	PROPN
fbem-21436	97	8	:	:	PUNCT
fbem-21436	97	9	a	a	DET
fbem-21436	97	10	data	datum	NOUN
fbem-21436	97	11	envelopment	envelopment	NOUN
fbem-21436	97	12	analysis	analysis	NOUN
fbem-21436	97	13	approach	approach	NOUN
fbem-21436	97	14	with	with	ADP
fbem-21436	97	15	undesirable	undesirable	ADJ
fbem-21436	97	16	outputs	output	NOUN
fbem-21436	98	1	[	[	X
fbem-21436	98	2	j	j	X
fbem-21436	98	3	]	]	X
fbem-21436	98	4	.	.	PUNCT
fbem-21436	99	1	energypolicy	energypolicy	PROPN
fbem-21436	99	2	,	,	PUNCT
fbem-21436	99	3	2013	2013	NUM
fbem-21436	99	4	,	,	PUNCT
fbem-21436	99	5	57(7):7	57(7):7	NUM
fbem-21436	99	6	-	-	SYM
fbem-21436	99	7	13	13	NUM
fbem-21436	100	1	[	[	X
fbem-21436	100	2	7	7	NUM
fbem-21436	100	3	]	]	PUNCT
fbem-21436	100	4	pannuh	pannuh	NOUN
fbem-21436	100	5	.	.	PUNCT
fbem-21436	101	1	s.	s.	PROPN
fbem-21436	101	2	dineshk	dineshk	PROPN
fbem-21436	101	3	.	.	PUNCT
fbem-21436	102	1	u.	u.	PROPN
fbem-21436	102	2	farooquiej	farooquiej	PROPN
fbem-21436	102	3	.	.	PUNCT
fbem-21436	103	1	a.	a.	NOUN
fbem-21436	103	2	efficiency	efficiency	NOUN
fbem-21436	103	3	and	and	CCONJ
fbem-21436	103	4	productivity	productivity	NOUN
fbem-21436	103	5	analysis	analysis	NOUN
fbem-21436	103	6	of	of	ADP
fbem-21436	103	7	indian	indian	ADJ
fbem-21436	103	8	pharmaceutica	pharmaceutica	NOUN
fbem-21436	103	9	industry	industry	NOUN
fbem-21436	103	10	using	use	VERB
fbem-21436	103	11	data	datum	NOUN
fbem-21436	103	12	envelopment	envelopment	ADJ
fbem-21436	103	13	analysis	analysis	NOUN
fbem-21436	104	1	[	[	X
fbem-21436	104	2	j	j	X
fbem-21436	104	3	]	]	X
fbem-21436	104	4	.	.	PUNCT
fbem-21436	105	1	international	international	ADJ
fbem-21436	105	2	journal	journal	PROPN
fbem-21436	105	3	of	of	ADP
fbem-21436	105	4	operational	operational	ADJ
fbem-21436	105	5	research	research	NOUN
fbem-21436	105	6	,	,	PUNCT
fbem-21436	105	7	2011,10(1):121	2011,10(1):121	NUM
fbem-21436	105	8	-	-	SYM
fbem-21436	105	9	136	136	NUM
fbem-21436	105	10	[	[	NOUN
fbem-21436	105	11	8	8	NUM
fbem-21436	105	12	]	]	X
fbem-21436	105	13	cheny	cheny	NOUN
fbem-21436	105	14	.	.	PUNCT
fbem-21436	105	15	duj	duj	PROPN
fbem-21436	105	16	.	.	PUNCT
fbem-21436	106	1	shermanh	shermanh	PROPN
fbem-21436	106	2	.	.	PUNCT
fbem-21436	107	1	d.	d.	PROPN
fbem-21436	107	2	etal	etal	PROPN
fbem-21436	107	3	.	.	PUNCT
fbem-21436	108	1	dea	dea	PROPN
fbem-21436	108	2	model	model	PROPN
fbem-21436	108	3	with	with	ADP
fbem-21436	108	4	shared	share	VERB
fbem-21436	108	5	resources	resource	NOUN
fbem-21436	108	6	and	and	CCONJ
fbem-21436	108	7	efficiency	efficiency	NOUN
fbem-21436	108	8	decompositio	decompositio	NOUN
fbem-21436	109	1	[	[	X
fbem-21436	109	2	j	j	X
fbem-21436	109	3	]	]	X
fbem-21436	109	4	european	european	PROPN
fbem-21436	109	5	journa	journa	PROPN
fbem-21436	109	6	lof	lof	PROPN
fbem-21436	109	7	operational	operational	ADJ
fbem-21436	109	8	research	research	NOUN
fbem-21436	109	9	,	,	PUNCT
fbem-21436	109	10	2010	2010	NUM
fbem-21436	109	11	,	,	PUNCT
fbem-21436	109	12	207(1):339	207(1):339	NUM
fbem-21436	109	13	-	-	SYM
fbem-21436	109	14	349	349	NUM
fbem-21436	109	15	219	219	NUM
fbem-21436	110	1	[	[	X
fbem-21436	110	2	9	9	NUM
fbem-21436	110	3	]	]	SYM
fbem-21436	110	4	fan	fan	PROPN
fbem-21436	110	5	linbang	linbang	PROPN
fbem-21436	110	6	,	,	PUNCT
fbem-21436	110	7	liang	liang	PROPN
fbem-21436	110	8	dongzhen	dongzhen	PROPN
fbem-21436	110	9	,	,	PUNCT
fbem-21436	110	10	nie	nie	PROPN
fbem-21436	110	11	rui	rui	PROPN
fbem-21436	110	12	.	.	PUNCT
fbem-21436	110	13	application	application	NOUN
fbem-21436	110	14	of	of	ADP
fbem-21436	110	15	dea	dea	PROPN
fbem-21436	110	16	in	in	ADP
fbem-21436	110	17	performance	performance	NOUN
fbem-21436	110	18	analysis	analysis	NOUN
fbem-21436	110	19	of	of	ADP
fbem-21436	110	20	listed	list	VERB
fbem-21436	110	21	companies	company	NOUN
fbem-21436	110	22	in	in	ADP
fbem-21436	110	23	electric	electric	ADJ
fbem-21436	110	24	power	power	NOUN
fbem-21436	110	25	industry[j	industry[j	NOUN
fbem-21436	110	26	]	]	PUNCT
fbem-21436	110	27	.	.	PUNCT
fbem-21436	111	1	enterprise	enterprise	NOUN
fbem-21436	111	2	economics	economic	NOUN
fbem-21436	111	3	,	,	PUNCT
fbem-21436	111	4	2008	2008	NUM
fbem-21436	111	5	,	,	PUNCT
fbem-21436	111	6	(	(	PUNCT
fbem-21436	111	7	2	2	NUM
fbem-21436	111	8	):	):	PUNCT
fbem-21436	111	9	102	102	NUM
fbem-21436	111	10	-	-	SYM
fbem-21436	111	11	104	104	NUM
fbem-21436	111	12	.	.	PUNCT
fbem-21436	112	1	[	[	X
fbem-21436	112	2	10	10	NUM
fbem-21436	112	3	]	]	X
fbem-21436	112	4	h	h	PROPN
fbem-21436	112	5	chen	chen	PROPN
fbem-21436	112	6	.	.	PUNCT
fbem-21436	113	1	research	research	NOUN
fbem-21436	113	2	on	on	ADP
fbem-21436	113	3	the	the	DET
fbem-21436	113	4	value	value	NOUN
fbem-21436	113	5	correlation	correlation	NOUN
fbem-21436	113	6	of	of	ADP
fbem-21436	113	7	corporate	corporate	ADJ
fbem-21436	113	8	governance	governance	NOUN
fbem-21436	113	9	:	:	PUNCT
fbem-21436	113	10	panel	panel	NOUN
fbem-21436	113	11	data	datum	NOUN
fbem-21436	113	12	from	from	ADP
fbem-21436	113	13	shanghai	shanghai	PROPN
fbem-21436	113	14	and	and	CCONJ
fbem-21436	113	15	she	she	PRON
fbem-21436	113	16	stock	stock	VERB
fbem-21436	113	17	exchanges	exchange	NOUN
fbem-21436	113	18	2002~2005[j	2002~2005[j	NUM
fbem-21436	113	19	]	]	PUNCT
fbem-21436	113	20	.	.	PUNCT
fbem-21436	114	1	securities	security	NOUN
fbem-21436	114	2	market	market	PROPN
fbem-21436	114	3	herald	herald	PROPN
fbem-21436	114	4	,	,	PUNCT
fbem-21436	114	5	2009	2009	NUM
fbem-21436	114	6	,	,	PUNCT
fbem-21436	114	7	(	(	PUNCT
fbem-21436	114	8	3	3	NUM
fbem-21436	114	9	):	):	PUNCT
fbem-21436	114	10	40	40	NUM
fbem-21436	114	11	-	-	SYM
fbem-21436	114	12	46	46	NUM
fbem-21436	114	13	.	.	PUNCT
fbem-21436	115	1	[	[	X
fbem-21436	115	2	11	11	NUM
fbem-21436	115	3	]	]	X
fbem-21436	115	4	li	li	PROPN
fbem-21436	115	5	hanjun	hanjun	PROPN
fbem-21436	115	6	,	,	PUNCT
fbem-21436	115	7	zhang	zhang	PROPN
fbem-21436	115	8	junxi	junxi	PROPN
fbem-21436	115	9	.	.	PUNCT
fbem-21436	116	1	the	the	DET
fbem-21436	116	2	degree	degree	NOUN
fbem-21436	116	3	between	between	ADP
fbem-21436	116	4	governance	governance	NOUN
fbem-21436	116	5	and	and	CCONJ
fbem-21436	116	6	performance	performance	NOUN
fbem-21436	116	7	of	of	ADP
fbem-21436	116	8	listed	list	VERB
fbem-21436	116	9	enterprises[j	enterprises[j	PROPN
fbem-21436	116	10	]	]	PUNCT
fbem-21436	116	11	.	.	PUNCT
fbem-21436	117	1	management	management	NOUN
fbem-21436	117	2	world	world	NOUN
fbem-21436	117	3	,	,	PUNCT
fbem-21436	117	4	2006	2006	NUM
fbem-21436	117	5	,	,	PUNCT
fbem-21436	117	6	(	(	PUNCT
fbem-21436	117	7	5	5	NUM
fbem-21436	117	8	):	):	PUNCT
fbem-21436	117	9	121	121	NUM
fbem-21436	117	10	-	-	SYM
fbem-21436	117	11	127	127	NUM
fbem-21436	117	12	.	.	PUNCT