ȼȱɋɇɂɄɇɌɍɍ©Ʉɉȱªɉɨɥɿɬɨɥɨɝɿɹɋɨɰɿɨɥɨɝɿɹɉɪɚɜɨȼɢɩɭɫɤ ɍȾɄ ɋȺɆɈɈɉɊȿȾȿɅȿɇɂȿɇȿɊȿɅɂȽɂɈɁɇɈɋɌɂ ȼɈɉɊɈɋȺɏɈȻɓȿɋɌȼȿɇɇɈȽɈɆɇȿɇɂə ɉɊɈȻɅȿɆɕɂɇɌȿɊɉɊȿɌȺɐɂɂȾȺɇɇɕɏ ɇȺɉɊɂɆȿɊȿɋȿɆɂȼɈɋɌɈɑɇɈȿȼɊɈɉȿɃɋɄɂɏɈȻɓȿɋɌȼ Ȼɨɜɝɢɪɹɂȼ ɚɫɩɢɪɚɧɬɤɚɮɟɞɪɵɫɨɰɢɨɥɨɝɢɢ ɇɚɰɢɨɧɚɥɶɧɨɝɨɭɧɢɜɟɪɫɢɬɟɬɚ©ɄɢɟɜɨɆɨɝɢɥɹɧɫɤɚɹɚɤɚɞɟɦɢɹª ȼɫɬɚɬɶɟɢɫɩɨɥɶɡɭɟɬɫɹɩɨɞɯɨɞɢɡɦɟɪɟɧɢɣɪɟɥɢɝɢɨɡɧɨɫɬɢɫɰɟɥɶɸɨɰɟɧɤɢɬɨɝɨɧɚɫɤɨɥɶɤɨɢɡɦɟɪɟ ɧɢɹɪɟɥɢɝɢɨɡɧɨɫɬɢɨɩɪɟɞɟɥɹɸɬɨɬɥɢɱɢɹɪɟɥɢɝɢɨɡɧɵɯɢɧɟɪɟɥɢɝɢɨɡɧɵɯɩɨɫɚɦɨɨɩɪɟɞɟɥɟɧɢɸɪɟɫɩɨɧɞɟɧ ɬɨɜɜɪɚɡɧɵɯɨɛɳɟɫɬɜɚɯȼɨɫɬɨɱɧɨɣȿɜɪɨɩɵȼɪɚɛɨɬɟɩɪɟɞɫɬɚɜɥɟɧɫɪɚɜɧɢɬɟɥɶɧɵɣɚɧɚɥɢɡɪɟɡɭɥɶɬɚɬɨɜ Ɇɢɪɨɜɨɝɨɢɫɫɥɟɞɨɜɚɧɢɹɰɟɧɧɨɫɬɟɣ:96ɜɫɬɪɚɧɚɯȼɨɫɬɨɱɧɨɣȿɜɪɨɩɵɊɟɡɭɥɶɬɚɬɵɞɟɦɨɧɫɬɪɢɪɭɸɬ ɱɬɨɯɨɬɹɞɥɹɜɫɟɯɨɛɳɟɫɬɜɪɟɝɢɨɧɚɯɚɪɚɤɬɟɪɧɵɡɧɚɱɢɦɵɟɨɬɥɢɱɢɹɦɟɠɞɭɢɫɫɥɟɞɭɟɦɵɦɢɝɪɭɩɩɚɦɢɨɬɧɨ ɫɢɬɟɥɶɧɨɢɧɞɢɤɚɬɨɪɨɜɢɡɦɟɪɟɧɢɣɪɟɥɢɝɢɨɡɧɨɫɬɢɨɞɧɚɤɨɷɬɢɪɚɡɥɢɱɢɹɧɟɩɨɡɜɨɥɹɸɬɨɩɪɟɞɟɥɢɬɶɱɟɬɤɨ ɨɱɟɪɱɟɧɧɵɟɨɬɧɨɲɟɧɢɹɢɩɨɜɟɞɟɧɢɟɤɨɬɨɪɵɟɨɩɢɫɵɜɚɸɬɤɚɠɞɭɸɢɡɢɫɫɥɟɞɭɟɦɵɯɝɪɭɩɩ ɍɫɬɚɬɬɿɜɢɤɨɪɢɫɬɨɜɭɽɬɶɫɹɩɿɞɯɿɞɜɢɦɿɪɿɜɪɟɥɿɝɿɣɧɨɫɬɿɡɦɟɬɨɸɨɰɿɧɤɢɬɨɝɨɧɚɫɤɿɥɶɤɢɜɢɦɿɪɢɪɟɥɿ ɝɿɣɧɨɫɬɿ ɜɢɡɧɚɱɚɸɬɶ ɜɿɞɦɿɧɧɨɫɬɿ ɦɿɠ ɪɟɥɿɝɿɣɧɢɦɢ ɬɚ ɧɟɪɟɥɿɝɿɣɧɢɦɢ ɡɚ ɫɚɦɨɜɢɡɧɚɱɟɧɧɹɦ ɪɟɫɩɨɧɞɟɧ ɬɚɦɢɜɪɿɡɧɢɯɫɭɫɩɿɥɶɫɬɜɚɯɋɯɿɞɧɨʀȯɜɪɨɩɢɍɪɨɛɨɬɿɩɪɟɞɫɬɚɜɥɟɧɨɩɨɪɿɜɧɹɥɶɧɢɣɚɧɚɥɿɡɪɟɡɭɥɶɬɚɬɿɜ ɋɜɿɬɨɜɨɝɨɞɨɫɥɿɞɠɟɧɧɹɰɿɧɧɨɫɬɟɣ:96ɭɤɪɚʀɧɚɯɋɯɿɞɧɨʀȯɜɪɨɩɢɊɟɡɭɥɶɬɚɬɢɞɟɦɨɧɫɬɪɭɸɬɶɳɨ ɯɨɱɚɞɥɹɜɫɿɯɫɭɫɩɿɥɶɫɬɜɪɟɝɿɨɧɭɯɚɪɚɤɬɟɪɧɿɡɧɚɱɢɦɿɜɿɞɦɿɧɧɨɫɬɿɦɿɠɞɨɫɥɿɞɠɭɜɚɧɢɦɢɝɪɭɩɚɦɢɳɨɞɨɿɧ ɞɢɤɚɬɨɪɿɜɜɢɦɿɪɿɜɪɟɥɿɝɿɣɧɨɫɬɿɩɪɨɬɟɰɿɜɿɞɦɿɧɧɨɫɬɿɧɟɞɚɸɬɶɡɦɨɝɭɜɢɞɿɥɢɬɢɱɿɬɤɨɨɤɪɟɫɥɟɧɿɫɬɚɜɥɟɧɧɹ ɣɩɨɜɟɞɿɧɤɭɳɨɯɚɪɚɤɬɟɪɢɡɭɸɬɶɤɨɠɧɭɡɞɨɫɥɿɞɠɭɜɚɧɢɯɝɪɭɩ 7KH DUWLFOH DSSOLHV UHOLJLRVLW\ GLPHQVLRQ DSSURDFK WR HYDOXDWH KRZ YDULRXV GLPHQVLRQV GH¿QH GLIIHUHQFHVEHWZHHQWKRVHZKRFRQVLGHURQHVHOIDVHLWKHUUHOLJLRXVRUQRQUHOLJLRXVLQVRFLHWLHVRI(DVWHUQ (XURSH ,W SUHVHQWV D FRPSDUDWLYH DQDO\VLV RI :96 VXUYH\ UHVXOWV IURP FRXQWULHV RI (DVWHUQ (XURSH ,WVKRZVWKDWZKLOHDOORIWKHFRXQWULHVZLWKLQWKHUHJLRQKDYHVWDWLVWLFDOO\VLJQL¿FDQWGLIIHUHQFHVEHWZHHQ LQYHVWLJDWHG JURXSV WKHVH GLIIHUHQFHV DUH OLPLWHG LQ DELOLW\ WR GH¿QH FOHDU GLIIHUHQFHV LQ DWWLWXGHV DQG EHKDYLRURIHDFKRIWDUJHWJURXSV Ʉɥɸɱɟɜɵɟ ɫɥɨɜɚ ɪɟɥɢɝɢɨɡɧɨɫɬɶ ɟɜɪɨɩɟɣɫɤɢɯ ɨɛɳɟɫɬɜ ɪɟɥɢɝɢɨɡɧɨɫɬɶ ɩɨɫɬɤɨɦɦɭɧɢɫɬɢɱɟ ɫɤɢɯɨɛɳɟɫɬɜɢɡɦɟɪɟɧɢɹɪɟɥɢɝɢɨɡɧɨɫɬɢ ɉɨɫɬɚɧɨɜɤɚ ɩɪɨɛɥɟɦɵ ȼ ɢɫɫɥɟɞɨɜɚɧɢɹɯ ɪɟɥɢɝɢɨɡɧɨɫɬɢ ɨɫɨɛɟɧɧɨ ɜ ɢɫɫɥɟɞɨɜɚɧɢɹɯ ɧɚɩɪɚɜɥɟɧɧɵɯ ɧɚ ɤɨɥɢɱɟɫɬɜɟɧɧɨɟ ɤɪɨɫɫɤɭɥɶɬɭɪɧɨɟ ɫɪɚɜɧɟɧɢɟ ɛɨɥɶɲɨɟ ɡɧɚɱɟɧɢɟ ɭɞɟɥɹɟɬɫɹ ɜɵɛɨɪɭɭɧɢɜɟɪɫɚɥɶɧɵɯɢɧɚɞɟɠɧɵɯɢɧɞɢɤɚɬɨɪɨɜɌɚɤɨɟɜɧɢɦɚɧɢɟɤɜɵɛɨɪɭɢɧɞɢɤɚɬɨɪɨɜɫɜɹɡɚɧɨ ɩɪɟɠɞɟɜɫɟɝɨɫɧɟɨɛɯɨɞɢɦɨɫɬɶɸɩɨɥɭɱɢɬɶɫɪɚɜɧɢɦɵɟɪɟɡɭɥɶɬɚɬɵɤɨɬɨɪɵɟɩɨɡɜɨɥɹɬɨɩɢɫɵɜɚɬɶɜɫɟ ɫɬɪɚɧɵɜɜɵɛɨɪɤɟɫɬɨɱɤɢɡɪɟɧɢɹɨɞɧɢɯɢɬɟɯɠɟɩɨɧɹɬɢɣɭɱɢɬɵɜɚɹɩɪɢɷɬɨɦɤɨɧɮɟɫɫɢɨɧɚɥɶɧɵɟ ɤɭɥɶɬɭɪɧɵɟɢɥɢɧɝɜɢɫɬɢɱɟɫɤɢɟɨɫɨɛɟɧɧɨɫɬɢɏɨɬɹɡɧɚɱɢɬɟɥɶɧɚɹɱɚɫɬɶɢɫɫɥɟɞɨɜɚɧɢɣɪɟɥɢɝɢɨɡɧɨ ɫɬɢɨɫɧɨɜɵɜɚɟɬɫɹɧɚɫɪɚɜɧɟɧɢɢɪɟɡɭɥɶɬɚɬɨɜɤɪɨɫɫɤɭɥɶɬɭɪɧɵɯɨɩɪɨɫɨɜɦɧɨɝɢɟɪɟɥɢɝɢɨɡɧɵɟɢɧɞɢ ɤɚɬɨɪɵɩɪɟɞɫɬɚɜɥɟɧɧɵɟɜɦɚɫɲɬɚɛɧɵɯɤɪɨɫɫɤɭɥɶɬɭɪɧɵɯɢɫɫɥɟɞɨɜɚɧɢɣɦɨɝɭɬɛɵɬɶɪɚɫɫɦɨɬɪɟɧɵ ɤɚɤ ɭɧɢɜɟɪɫɚɥɶɧɵɟ ɥɢɲɶ ɫ ɨɩɪɟɞɟɥɟɧɧɵɦɢ ɨɝɨɜɨɪɤɚɦɢ 1 Ɉɞɧɢɦ ɢɡ ɬɚɤɢɯ ɢɧɞɢɤɚɬɨɪɨɜ ɹɜɥɹɟɬɫɹ ɯɚɪɚɤɬɟɪɢɫɬɢɤɚ ɫɟɛɹ ɪɟɫɩɨɧɞɟɧɬɨɦ ɤɚɤ ɪɟɥɢɝɢɨɡɧɨɝɨ ɢɥɢ ɧɟɪɟɥɢɝɢɨɡɧɨɝɨ ɂɧɞɢɤɚɬɨɪ ɫɚɦɨɨɩɪɟ ɞɟɥɟɧɢɹ ɤɚɤ ɧɟɪɟɥɢɝɢɨɡɧɵɣɚɹ ɢɫɩɨɥɶɡɨɜɚɥɫɹ ɞɥɹ ɢɫɫɥɟɞɨɜɚɧɢɹ ɪɟɥɢɝɢɨɡɧɨɫɬɢ ɜ ȼɨɫɬɨɱɧɨɣ ȿɜɪɨɩɟɢɢɡɦɟɧɟɧɢɣɪɟɥɢɝɢɨɡɧɨɫɬɢɩɨɫɥɟɩɚɞɟɧɢɹɤɨɦɦɭɧɢɫɬɢɱɟɫɤɢɯɪɟɠɢɦɨɜɬɚɤɢɦɢɭɱɺɧɵɦɢ ɤɚɤɆɌɨɦɤɚ0LNORV7RPND>@ɈɆɸɥɥɟɪ2ODI0OOHU>@ȾɆɢɪɨɧɨɜɢɱȿɊɟɲɟɬɧɹɤ>@ɋɋɚɥɶ ɧɢɤɨɜɚ>@ɂȻɨɪɨɜɢɤ>@ɢɦɧɨɝɢɟɞɪɭɝɢɟȼɬɚɤɨɦɚɫɩɟɤɬɟɪɟɥɢɝɢɨɡɧɨɟɫɚɦɨɨɩɪɟɞɟɥɟɧɢɟɢɦɟɟɬ ɡɧɚɱɟɧɢɟɫɤɨɪɟɟɧɟɚɛɫɨɥɸɬɧɵɯɜɟɥɢɱɢɧɚɨɬɧɨɫɢɬɟɥɶɧɵɯɌɚɤɆɌɨɦɤɚɝɨɜɨɪɢɬɨɬɨɦɱɬɨɫɚɦɨ 1 ɇɚɩɪɢɦɟɪɞɥɹɪɹɞɚɢɫɫɥɟɞɨɜɚɧɢɣɯɚɪɚɤɬɟɪɧɨɧɢɜɟɥɢɪɨɜɚɧɢɟɪɚɡɧɨɨɛɪɚɡɢɹɪɟɥɢɝɢɨɡɧɵɯɤɚɪɬɢɧɦɢɪɚɢɧɨɪɦɚɬɢɜɧɵɯɪɟ ɥɢɝɢɨɡɧɵɯɩɪɚɤɬɢɤɜɚɪɢɚɬɢɜɧɨɫɬɶɢɧɞɢɜɢɞɭɚɥɶɧɵɯɪɟɥɢɝɢɨɡɧɵɯɩɪɚɤɬɢɤɦɨɥɢɬɜɚɢɥɢɦɟɞɢɬɚɰɢɹɪɚɡɧɵɟɞɨɤɬɪɢɧɚɥɶɧɵɟ ɜɡɝɥɹɞɵɧɚɱɚɫɬɨɬɭɭɱɚɫɬɢɹɜɪɟɥɢɝɢɨɡɧɵɯɫɥɭɠɛɚɯ>F@ɪɚɡɧɵɟɤɚɪɬɢɧɵɜɨɡɦɨɠɧɨɫɬɢɠɢɡɧɢɩɨɫɥɟɫɦɟɪɬɢɫɭɳɟɫɬɜɨɜɚ ɧɢɟɤɚɤɪɚɹɬɚɤɢɚɞɚɜɦɟɫɬɨɚɞɚɩɪɟɤɪɚɳɟɧɢɟɫɭɳɟɫɬɜɨɜɚɧɢɹɤɚɤɚɥɶɬɟɪɧɚɬɢɜɚɠɢɡɧɢɩɨɫɥɟɫɦɟɪɬɢɜɪɚɸɪɟɢɧɤɚɪɧɚɰɢɹ >F@ɫɥɨɠɧɨɫɬɢɩɟɪɟɜɨɞɚɧɟɤɨɬɨɪɵɯɩɨɧɹɬɢɣɫɫɨɯɪɚɧɟɧɢɟɦɟɞɢɧɨɝɨɫɦɵɫɥɚɢɤɨɧɬɟɤɫɬɚɜɪɚɡɧɵɯɫɬɪɚɧɚɯɢɤɭɥɶɬɭɪɚɯ >F@ɢɦɧɨɝɨɟɞɪɭɝɨɟ
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
1
1
2
3
4
5
2
3
4
5
7
6
8
6
7
8
9
9
10
11
10
11
12
12
13
13
14
15
*
*
*
14
15
Related Documents
