請英文高手幫我修正一下文章的意思

請英文高手幫我修正一下文章的意思

小弟已經修過很多次 但是礙於英文能力不好 翻起來依然怪怪的

想請英文高手幫我 修正一下

謝謝上次幫我修正的高手 ^^ 我非常感激 ^^

有會計問題需要幫忙 可以找我喔 ^^

Along the same lines, our evidence suggests that regulations requiring independent boards are more than window dressing, and that the distinction between inside and independent directors adopted by the new regulations may have teeth.

按照同樣的思路,我們的證據表明,規定要求獨立董事多針對 窗飾效果,而且裡面的區別和獨立董事通過的新規定可能.。

In some sense, our findings run against the popular

view that boards are largely ceremonial

從某種意義上說,我們的調查結果背道而馳的流行的觀點認為董事會主要是禮儀。

One explanation could be that boards are unimportant for everyday business,

but can be critical for important decisions such as hiring and if necessary firing the CEO and approving mergers with other firms, and our estimates are picking up the consequences of those important, episodic decisions.

一種解釋可能是,董事會對日常業務是不重要的,但對重要決策是關鍵

假如有需要僱用和解僱執行長,批准與其他公司合併,我們的評估是舉這些重要的後果,情節來決定。

Some existing evidence shows that outsider-dominated boards act differently on these

issues than insider-dominated boards.

一些現有的證據表明,對這些問題,外部董事主導董事會方法不同於內部董事

For example, Borokhovich et al. (1996) find that

outsider-dominated boards are more likely than insider-dominated boards to choose an outsider as a CEO, and several studies find a positive relation between announcement returns and board independence (Byrd and Hickman, 1992; Matsusaka, 1993; Cotter et al., 1997).

例如,Borokhovich等(1996年)發現,外部董事主導的董事會可能性

大於內部董事,以選擇一個外部董事作為 CEO,和一些研究發現了正向的關係關於報酬率和獨立董事會(伯德和希克曼,1992年松,1993年;科特等。1997)

Independent directors added to the board for other reasons may be different than those added for compliance reasons.

獨立董事加入董事會其他原因可能是添加了不同於那些規範的原因。

Formally, this boils down to a concern about an omitted variable associated with

outsiders added for compliance.

形式上,這可以歸結為一個關注一遺漏變量與外界增加了 對規範。

In a related vein, our results do not imply that low information cost firms can continue to improve value indefinitely by adding outside directors,

。在一個相關的精神,我們的研究結果並不意味著資訊成本低的企業可以繼續無 限期地提高價值藉由加入外部董事,

1 Answer

Rating
  • 晚風
    Lv 5
    1 decade ago
    Favorite Answer

    Along the same lines, our evidence suggests that regulations requiring independent boards are more than window dressing, and that the distinction between inside and independent directors adopted by the new regulations may have teeth.

    照著相同的思路,我們的證據表明著,要求獨立董事的法規不只是作作門面,而內部董事與通過新法規的獨立董事間的區別可能具有效力。

    In some sense, our findings run against the popular view that boards are largely ceremonial

    從某種意義上說,我們的發現與董事大半是正式的觀點恰恰相反。

    One explanation could be that boards are unimportant for everyday business,

    but can be critical for important decisions such as hiring and if necessary firing the CEO and approving mergers with other firms, and our estimates are picking up the consequences of those important, episodic decisions.

    一種解釋可能是,董事會對日常業務並不重要,但對於重要的決策諸如聘請以及必要時解雇執行長和核准與其他公司合併等是關鍵的,而我們的評價是挑選這些重要的片斷決策的結果。

    Some existing evidence shows that outsider-dominated boards act differently on these

    issues than insider-dominated boards.

    一些現有的證據證明外部董事在這些議題上的作為與內部董事不同。

    For example, Borokhovich et al. (1996) find that outsider-dominated boards are more likely than insider-dominated boards to choose an outsider as a CEO, and several studies find a positive relation between announcement returns and board independence (Byrd and Hickman, 1992; Matsusaka, 1993; Cotter et al., 1997).

    例如,Borokhovich等(1996年)發現,外部董事比內部董事更可能選擇一個外人當執行長,而一些研究發現在報酬率與董事獨立性之間的正向關係。(伯德和希克曼,1992;年松,1993年;科特等。1997)

    Independent directors added to the board for other reasons may be different than those added for compliance reasons.

    因為其他原因加入董事會的獨立董事可能不同於因為遵守度的原因而加入董事會的董事。

    Formally, this boils down to a concern about an omitted variable associated with

    outsiders added for compliance.

    形式上,這可以歸結為與因為遵守度所增設的外部董事相關的忽略變數的關係。

    In a related vein, our results do not imply that low information cost firms can continue to improve value indefinitely by adding outside directors,

    以一個相關的心情,我們的結果並不意味著低資訊成本的公司可以藉著增加外部董事無限的持續增進企業的價值。

    Source(s): Nightwind
Still have questions? Get your answers by asking now.