id	sid	tid	token	lemma	pos
abr-152	1	1	microsoft	microsoft	PROPN
abr-152	1	2	word	word	NOUN
abr-152	1	3	152-copyeditinprogress.docx	152-copyeditinprogress.docx	NUM
abr-152	1	4	http://journals.sfu.ca/abr	http://journals.sfu.ca/abr	ADJ
abr-152	1	5	advances	advance	NOUN
abr-152	1	6	in	in	ADP
abr-152	1	7	business	business	NOUN
abr-152	1	8	research	research	NOUN
abr-152	1	9	2016	2016	NUM
abr-152	1	10	,	,	PUNCT
abr-152	1	11	volume	volume	NOUN
abr-152	1	12	7	7	NUM
abr-152	1	13	,	,	PUNCT
abr-152	1	14	pages	page	NOUN
abr-152	1	15	15	15	NUM
abr-152	1	16	-	-	SYM
abr-152	1	17	28	28	NUM
abr-152	1	18	15	15	NUM
abr-152	1	19	ipo	ipo	NOUN
abr-152	1	20	firms	firm	NOUN
abr-152	1	21	’	'	PUNCT
abr-152	1	22	voluntary	voluntary	ADJ
abr-152	1	23	compliance	compliance	NOUN
abr-152	1	24	with	with	ADP
abr-152	1	25	sox	sox	PROPN
abr-152	1	26	404	404	NUM
abr-152	1	27	as	as	SCONJ
abr-152	1	28	evidence	evidence	NOUN
abr-152	1	29	on	on	ADP
abr-152	1	30	the	the	DET
abr-152	1	31	value	value	NOUN
abr-152	1	32	relevance	relevance	NOUN
abr-152	1	33	of	of	ADP
abr-152	1	34	internal	internal	ADJ
abr-152	1	35	control	control	NOUN
abr-152	1	36	quality	quality	PROPN
abr-152	1	37	ivy	ivy	PROPN
abr-152	1	38	huang	huang	PROPN
abr-152	1	39	queen	queen	PROPN
abr-152	1	40	’s	’s	PART
abr-152	1	41	college	college	PROPN
abr-152	1	42	kimberly	kimberly	PROPN
abr-152	1	43	gleason	gleason	PROPN
abr-152	1	44	university	university	PROPN
abr-152	1	45	of	of	ADP
abr-152	1	46	pittsburgh	pittsburgh	PROPN
abr-152	1	47	leonard	leonard	PROPN
abr-152	1	48	rosenthal	rosenthal	PROPN
abr-152	1	49	bentley	bentley	PROPN
abr-152	1	50	university	university	PROPN
abr-152	1	51	deborah	deborah	PROPN
abr-152	1	52	smith	smith	PROPN
abr-152	1	53	cleveland	cleveland	PROPN
abr-152	1	54	state	state	PROPN
abr-152	1	55	university	university	PROPN
abr-152	1	56	newly	newly	ADV
abr-152	1	57	public	public	ADJ
abr-152	1	58	firms	firm	NOUN
abr-152	1	59	are	be	AUX
abr-152	1	60	not	not	PART
abr-152	1	61	required	require	VERB
abr-152	1	62	to	to	PART
abr-152	1	63	comply	comply	VERB
abr-152	1	64	with	with	ADP
abr-152	1	65	sox	sox	PROPN
abr-152	1	66	404	404	NUM
abr-152	1	67	for	for	ADP
abr-152	1	68	their	their	PRON
abr-152	1	69	initial	initial	ADJ
abr-152	1	70	public	public	ADJ
abr-152	1	71	offerings	offering	NOUN
abr-152	1	72	.	.	PUNCT
abr-152	2	1	this	this	PRON
abr-152	2	2	provides	provide	VERB
abr-152	2	3	a	a	DET
abr-152	2	4	unique	unique	ADJ
abr-152	2	5	setting	setting	NOUN
abr-152	2	6	in	in	ADP
abr-152	2	7	which	which	PRON
abr-152	2	8	to	to	PART
abr-152	2	9	investigate	investigate	VERB
abr-152	2	10	the	the	DET
abr-152	2	11	benefits	benefit	NOUN
abr-152	2	12	of	of	ADP
abr-152	2	13	voluntary	voluntary	ADJ
abr-152	2	14	disclosure	disclosure	NOUN
abr-152	2	15	with	with	ADP
abr-152	2	16	sox	sox	PROPN
abr-152	2	17	404	404	NUM
abr-152	2	18	and	and	CCONJ
abr-152	2	19	the	the	DET
abr-152	2	20	value	value	NOUN
abr-152	2	21	of	of	ADP
abr-152	2	22	information	information	NOUN
abr-152	2	23	revealed	reveal	VERB
abr-152	2	24	as	as	ADP
abr-152	2	25	a	a	DET
abr-152	2	26	consequence	consequence	NOUN
abr-152	2	27	of	of	ADP
abr-152	2	28	compliance	compliance	NOUN
abr-152	2	29	.	.	PUNCT
abr-152	3	1	we	we	PRON
abr-152	3	2	investigate	investigate	VERB
abr-152	3	3	whether	whether	SCONJ
abr-152	3	4	voluntary	voluntary	ADJ
abr-152	3	5	compliance	compliance	NOUN
abr-152	3	6	with	with	ADP
abr-152	3	7	sox	sox	PROPN
abr-152	3	8	404	404	NUM
abr-152	3	9	,	,	PUNCT
abr-152	3	10	either	either	CCONJ
abr-152	3	11	fully	fully	ADV
abr-152	3	12	or	or	CCONJ
abr-152	3	13	partially	partially	ADV
abr-152	3	14	,	,	PUNCT
abr-152	3	15	impacts	impact	VERB
abr-152	3	16	the	the	DET
abr-152	3	17	perceived	perceive	VERB
abr-152	3	18	risk	risk	NOUN
abr-152	3	19	of	of	ADP
abr-152	3	20	firms	firm	NOUN
abr-152	3	21	conducting	conduct	VERB
abr-152	3	22	ipos	ipos	NOUN
abr-152	3	23	on	on	ADP
abr-152	3	24	the	the	DET
abr-152	3	25	first	first	ADJ
abr-152	3	26	day	day	NOUN
abr-152	3	27	of	of	ADP
abr-152	3	28	trading	trading	NOUN
abr-152	3	29	(	(	PUNCT
abr-152	3	30	reflected	reflect	VERB
abr-152	3	31	in	in	ADP
abr-152	3	32	underpricing	underprice	VERB
abr-152	3	33	)	)	PUNCT
abr-152	3	34	or	or	CCONJ
abr-152	3	35	following	follow	VERB
abr-152	3	36	the	the	DET
abr-152	3	37	ipo	ipo	NOUN
abr-152	3	38	.	.	PUNCT
abr-152	4	1	our	our	PRON
abr-152	4	2	results	result	NOUN
abr-152	4	3	indicate	indicate	VERB
abr-152	4	4	that	that	SCONJ
abr-152	4	5	neither	neither	CCONJ
abr-152	4	6	full	full	ADJ
abr-152	4	7	compliance	compliance	NOUN
abr-152	4	8	with	with	ADP
abr-152	4	9	sox	sox	PROPN
abr-152	4	10	404	404	NUM
abr-152	4	11	at	at	ADP
abr-152	4	12	the	the	DET
abr-152	4	13	time	time	NOUN
abr-152	4	14	of	of	ADP
abr-152	4	15	the	the	DET
abr-152	4	16	ipo	ipo	NOUN
abr-152	4	17	,	,	PUNCT
abr-152	4	18	nor	nor	CCONJ
abr-152	4	19	a	a	DET
abr-152	4	20	managerial	managerial	ADJ
abr-152	4	21	discussion	discussion	NOUN
abr-152	4	22	of	of	ADP
abr-152	4	23	internal	internal	ADJ
abr-152	4	24	controls	control	NOUN
abr-152	4	25	prior	prior	ADV
abr-152	4	26	to	to	ADP
abr-152	4	27	the	the	DET
abr-152	4	28	ipo	ipo	NOUN
abr-152	4	29	,	,	PUNCT
abr-152	4	30	result	result	VERB
abr-152	4	31	in	in	ADP
abr-152	4	32	lower	low	ADJ
abr-152	4	33	underpricing	underpricing	ADJ
abr-152	4	34	or	or	CCONJ
abr-152	4	35	higher	high	ADJ
abr-152	4	36	post	post	ADJ
abr-152	4	37	-	-	ADJ
abr-152	4	38	ipo	ipo	ADJ
abr-152	4	39	performance	performance	NOUN
abr-152	4	40	.	.	PUNCT
abr-152	5	1	this	this	PRON
abr-152	5	2	suggests	suggest	VERB
abr-152	5	3	that	that	SCONJ
abr-152	5	4	the	the	DET
abr-152	5	5	costs	cost	NOUN
abr-152	5	6	incurred	incur	VERB
abr-152	5	7	through	through	ADP
abr-152	5	8	the	the	DET
abr-152	5	9	sox	sox	PROPN
abr-152	5	10	404	404	NUM
abr-152	5	11	compliance	compliance	NOUN
abr-152	5	12	process	process	NOUN
abr-152	5	13	may	may	AUX
abr-152	5	14	be	be	AUX
abr-152	5	15	unnecessary	unnecessary	ADJ
abr-152	5	16	.	.	PUNCT
abr-152	6	1	indirectly	indirectly	ADV
abr-152	6	2	,	,	PUNCT
abr-152	6	3	our	our	PRON
abr-152	6	4	results	result	NOUN
abr-152	6	5	provide	provide	VERB
abr-152	6	6	additional	additional	ADJ
abr-152	6	7	evidence	evidence	NOUN
abr-152	6	8	that	that	SCONJ
abr-152	6	9	some	some	PRON
abr-152	6	10	of	of	ADP
abr-152	6	11	the	the	DET
abr-152	6	12	requirements	requirement	NOUN
abr-152	6	13	of	of	ADP
abr-152	6	14	sox	sox	PROPN
abr-152	6	15	extract	extract	VERB
abr-152	6	16	costs	cost	NOUN
abr-152	6	17	from	from	ADP
abr-152	6	18	shareholders	shareholder	NOUN
abr-152	6	19	without	without	ADP
abr-152	6	20	supporting	support	VERB
abr-152	6	21	better	well	ADJ
abr-152	6	22	quality	quality	NOUN
abr-152	6	23	information	information	NOUN
abr-152	6	24	.	.	PUNCT
abr-152	7	1	introduction	introduction	NOUN
abr-152	7	2	the	the	DET
abr-152	7	3	passage	passage	NOUN
abr-152	7	4	of	of	ADP
abr-152	7	5	the	the	DET
abr-152	7	6	sarbanes	sarbanes	PROPN
abr-152	7	7	-	-	PUNCT
abr-152	7	8	oxley	oxley	ADJ
abr-152	7	9	act	act	NOUN
abr-152	7	10	of	of	ADP
abr-152	7	11	2002	2002	NUM
abr-152	7	12	has	have	AUX
abr-152	7	13	been	be	AUX
abr-152	7	14	controversial	controversial	ADJ
abr-152	7	15	mainly	mainly	ADV
abr-152	7	16	due	due	ADP
abr-152	7	17	to	to	ADP
abr-152	7	18	the	the	DET
abr-152	7	19	debate	debate	NOUN
abr-152	7	20	over	over	ADP
abr-152	7	21	whether	whether	SCONJ
abr-152	7	22	its	its	PRON
abr-152	7	23	compliance	compliance	NOUN
abr-152	7	24	costs	cost	NOUN
abr-152	7	25	imposed	impose	VERB
abr-152	7	26	on	on	ADP
abr-152	7	27	firms	firm	NOUN
abr-152	7	28	exceeds	exceed	VERB
abr-152	7	29	its	its	PRON
abr-152	7	30	perceived	perceive	VERB
abr-152	7	31	benefits	benefit	NOUN
abr-152	7	32	.	.	PUNCT
abr-152	8	1	in	in	ADP
abr-152	8	2	particular	particular	ADJ
abr-152	8	3	,	,	PUNCT
abr-152	8	4	section	section	NOUN
abr-152	8	5	404	404	NUM
abr-152	8	6	requires	require	VERB
abr-152	8	7	(	(	PUNCT
abr-152	8	8	a	a	DET
abr-152	8	9	)	)	PUNCT
abr-152	8	10	management	management	NOUN
abr-152	8	11	of	of	ADP
abr-152	8	12	the	the	DET
abr-152	8	13	company	company	NOUN
abr-152	8	14	to	to	PART
abr-152	8	15	evaluate	evaluate	VERB
abr-152	8	16	the	the	DET
abr-152	8	17	effectiveness	effectiveness	NOUN
abr-152	8	18	of	of	ADP
abr-152	8	19	internal	internal	ADJ
abr-152	8	20	controls	control	NOUN
abr-152	8	21	over	over	ADP
abr-152	8	22	financial	financial	ADJ
abr-152	8	23	reporting	reporting	NOUN
abr-152	8	24	and	and	CCONJ
abr-152	8	25	document	document	VERB
abr-152	8	26	any	any	DET
abr-152	8	27	deficiencies	deficiency	NOUN
abr-152	8	28	and	and	CCONJ
abr-152	8	29	weakness	weakness	NOUN
abr-152	8	30	;	;	PUNCT
abr-152	8	31	and	and	CCONJ
abr-152	8	32	(	(	PUNCT
abr-152	8	33	b	b	X
abr-152	8	34	)	)	PUNCT
abr-152	8	35	auditors	auditor	NOUN
abr-152	8	36	attest	attest	VERB
abr-152	8	37	to	to	ADP
abr-152	8	38	and	and	CCONJ
abr-152	8	39	report	report	VERB
abr-152	8	40	on	on	ADP
abr-152	8	41	management	management	NOUN
abr-152	8	42	’s	’s	PART
abr-152	8	43	assessment	assessment	NOUN
abr-152	8	44	of	of	ADP
abr-152	8	45	the	the	DET
abr-152	8	46	adequacy	adequacy	NOUN
abr-152	8	47	of	of	ADP
abr-152	8	48	internal	internal	ADJ
abr-152	8	49	controls	control	NOUN
abr-152	8	50	.	.	PUNCT
abr-152	9	1	regulators	regulator	NOUN
abr-152	9	2	maintain	maintain	VERB
abr-152	9	3	the	the	DET
abr-152	9	4	position	position	NOUN
abr-152	9	5	that	that	SCONJ
abr-152	9	6	the	the	DET
abr-152	9	7	internal	internal	ADJ
abr-152	9	8	control	control	NOUN
abr-152	9	9	requirements	requirement	NOUN
abr-152	9	10	under	under	ADP
abr-152	9	11	section	section	NOUN
abr-152	9	12	404	404	NUM
abr-152	9	13	improve	improve	VERB
abr-152	9	14	the	the	DET
abr-152	9	15	quality	quality	NOUN
abr-152	9	16	and	and	CCONJ
abr-152	9	17	transparency	transparency	NOUN
abr-152	9	18	of	of	ADP
abr-152	9	19	financial	financial	ADJ
abr-152	9	20	reporting	reporting	NOUN
abr-152	9	21	.	.	PUNCT
abr-152	10	1	consequently	consequently	ADV
abr-152	10	2	,	,	PUNCT
abr-152	10	3	section	section	NOUN
abr-152	10	4	404	404	NUM
abr-152	10	5	compliance	compliance	NOUN
abr-152	10	6	should	should	AUX
abr-152	10	7	serve	serve	VERB
abr-152	10	8	as	as	ADP
abr-152	10	9	a	a	DET
abr-152	10	10	signal	signal	NOUN
abr-152	10	11	to	to	ADP
abr-152	10	12	investors	investor	NOUN
abr-152	10	13	for	for	ADP
abr-152	10	14	the	the	DET
abr-152	10	15	quality	quality	NOUN
abr-152	10	16	of	of	ADP
abr-152	10	17	the	the	DET
abr-152	10	18	firm	firm	NOUN
abr-152	10	19	’s	’s	PART
abr-152	10	20	financial	financial	ADJ
abr-152	10	21	reporting	reporting	NOUN
abr-152	10	22	.	.	PUNCT
abr-152	11	1	on	on	ADP
abr-152	11	2	the	the	DET
abr-152	11	3	other	other	ADJ
abr-152	11	4	hand	hand	NOUN
abr-152	11	5	,	,	PUNCT
abr-152	11	6	critics	critic	NOUN
abr-152	11	7	allege	allege	VERB
abr-152	11	8	that	that	SCONJ
abr-152	11	9	the	the	DET
abr-152	11	10	costs	cost	NOUN
abr-152	11	11	of	of	ADP
abr-152	11	12	section	section	NOUN
abr-152	11	13	404	404	NUM
abr-152	11	14	compliance	compliance	NOUN
abr-152	11	15	far	far	ADV
abr-152	11	16	exceed	exceed	VERB
abr-152	11	17	its	its	PRON
abr-152	11	18	benefits	benefit	NOUN
abr-152	11	19	.	.	PUNCT
abr-152	12	1	a	a	DET
abr-152	12	2	recent	recent	ADJ
abr-152	12	3	survey	survey	NOUN
abr-152	12	4	by	by	ADP
abr-152	12	5	finance	finance	NOUN
abr-152	12	6	executives	executive	NOUN
abr-152	12	7	international	international	ADJ
abr-152	12	8	(	(	PUNCT
abr-152	12	9	fei	fei	PROPN
abr-152	12	10	)	)	PUNCT
abr-152	12	11	shows	show	VERB
abr-152	12	12	that	that	SCONJ
abr-152	12	13	the	the	DET
abr-152	12	14	average	average	ADJ
abr-152	12	15	compliance	compliance	NOUN
abr-152	12	16	costs	cost	NOUN
abr-152	12	17	were	be	AUX
abr-152	12	18	$	$	SYM
abr-152	12	19	2.9	2.9	NUM
abr-152	12	20	million	million	NUM
abr-152	12	21	in	in	ADP
abr-152	12	22	2007	2007	NUM
abr-152	12	23	for	for	ADP
abr-152	12	24	the	the	DET
abr-152	12	25	200	200	NUM
abr-152	12	26	firms	firm	NOUN
abr-152	12	27	with	with	ADP
abr-152	12	28	average	average	ADJ
abr-152	12	29	revenue	revenue	NOUN
abr-152	12	30	of	of	ADP
abr-152	12	31	$	$	SYM
abr-152	12	32	6.8	6.8	NUM
abr-152	12	33	billion	billion	NUM
abr-152	12	34	that	that	PRON
abr-152	12	35	participated	participate	VERB
abr-152	12	36	in	in	ADP
abr-152	12	37	the	the	DET
abr-152	12	38	survey	survey	NOUN
abr-152	12	39	.	.	PUNCT
abr-152	13	1	78	78	NUM
abr-152	13	2	%	%	NOUN
abr-152	13	3	of	of	ADP
abr-152	13	4	the	the	DET
abr-152	13	5	200	200	NUM
abr-152	13	6	firms	firm	NOUN
abr-152	13	7	agree	agree	VERB
abr-152	13	8	that	that	SCONJ
abr-152	13	9	the	the	DET
abr-152	13	10	costs	cost	NOUN
abr-152	13	11	exceed	exceed	VERB
abr-152	13	12	the	the	DET
abr-152	13	13	benefits	benefit	NOUN
abr-152	13	14	(	(	PUNCT
abr-152	13	15	russell	russell	PROPN
abr-152	13	16	2007	2007	NUM
abr-152	13	17	)	)	PUNCT
abr-152	13	18	.	.	PUNCT
abr-152	14	1	another	another	DET
abr-152	14	2	study	study	NOUN
abr-152	14	3	by	by	ADP
abr-152	14	4	lord	lord	PROPN
abr-152	14	5	&	&	CCONJ
abr-152	14	6	benoit	benoit	PROPN
abr-152	14	7	,	,	PUNCT
abr-152	14	8	llc	llc	PROPN
abr-152	14	9	estimates	estimate	VERB
abr-152	14	10	a	a	DET
abr-152	14	11	much	much	ADV
abr-152	14	12	lower	low	ADJ
abr-152	14	13	cost	cost	NOUN
abr-152	14	14	of	of	ADP
abr-152	14	15	compliance	compliance	NOUN
abr-152	14	16	,	,	PUNCT
abr-152	14	17	approximately	approximately	ADV
abr-152	14	18	0.8	0.8	NUM
abr-152	14	19	%	%	NOUN
abr-152	14	20	of	of	ADP
abr-152	14	21	sales	sale	NOUN
abr-152	14	22	(	(	PUNCT
abr-152	14	23	benoit	benoit	NOUN
abr-152	14	24	2008	2008	NUM
abr-152	14	25	)	)	PUNCT
abr-152	14	26	.	.	PUNCT
abr-152	15	1	because	because	SCONJ
abr-152	15	2	smaller	small	ADJ
abr-152	15	3	firms	firm	NOUN
abr-152	15	4	ipo	ipo	NOUN
abr-152	15	5	firms	firm	NOUN
abr-152	15	6	and	and	CCONJ
abr-152	15	7	sox	sox	PROPN
abr-152	15	8	404	404	NUM
abr-152	15	9	compliance	compliance	NOUN
abr-152	15	10	16	16	NUM
abr-152	15	11	are	be	AUX
abr-152	15	12	not	not	PART
abr-152	15	13	required	require	VERB
abr-152	15	14	to	to	PART
abr-152	15	15	comply	comply	VERB
abr-152	15	16	,	,	PUNCT
abr-152	15	17	costs	cost	NOUN
abr-152	15	18	can	can	AUX
abr-152	15	19	only	only	ADV
abr-152	15	20	be	be	AUX
abr-152	15	21	estimated	estimate	VERB
abr-152	15	22	,	,	PUNCT
abr-152	15	23	and	and	CCONJ
abr-152	15	24	the	the	DET
abr-152	15	25	cost	cost	NOUN
abr-152	15	26	of	of	ADP
abr-152	15	27	compliance	compliance	NOUN
abr-152	15	28	may	may	AUX
abr-152	15	29	be	be	AUX
abr-152	15	30	disproportionally	disproportionally	ADV
abr-152	15	31	higher	high	ADJ
abr-152	15	32	for	for	ADP
abr-152	15	33	smaller	small	ADJ
abr-152	15	34	public	public	ADJ
abr-152	15	35	firms	firm	NOUN
abr-152	15	36	(	(	PUNCT
abr-152	15	37	benoit	benoit	NOUN
abr-152	15	38	2008	2008	NUM
abr-152	15	39	)	)	PUNCT
abr-152	15	40	.	.	PUNCT
abr-152	16	1	in	in	ADP
abr-152	16	2	response	response	NOUN
abr-152	16	3	to	to	ADP
abr-152	16	4	the	the	DET
abr-152	16	5	costs	cost	NOUN
abr-152	16	6	-	-	PUNCT
abr-152	16	7	and	and	CCONJ
abr-152	16	8	-	-	PUNCT
abr-152	16	9	benefits	benefit	NOUN
abr-152	16	10	concerns	concern	NOUN
abr-152	16	11	,	,	PUNCT
abr-152	16	12	the	the	DET
abr-152	16	13	sec	sec	PROPN
abr-152	16	14	extended	extend	VERB
abr-152	16	15	the	the	DET
abr-152	16	16	404	404	NUM
abr-152	16	17	compliance	compliance	NOUN
abr-152	16	18	dates	date	NOUN
abr-152	16	19	for	for	ADP
abr-152	16	20	nonaccelerated	nonaccelerate	VERB
abr-152	16	21	filers	filer	NOUN
abr-152	16	22	several	several	ADJ
abr-152	16	23	times	time	NOUN
abr-152	16	24	.	.	PUNCT
abr-152	17	1	the	the	DET
abr-152	17	2	amendment	amendment	NOUN
abr-152	17	3	issued	issue	VERB
abr-152	17	4	by	by	ADP
abr-152	17	5	the	the	DET
abr-152	17	6	sec	sec	PROPN
abr-152	17	7	on	on	ADP
abr-152	17	8	september	september	PROPN
abr-152	17	9	2nd	2nd	NOUN
abr-152	17	10	,	,	PUNCT
abr-152	17	11	2008	2008	NUM
abr-152	17	12	allows	allow	VERB
abr-152	17	13	“	"	PUNCT
abr-152	17	14	nonaccelerated	nonaccelerate	VERB
abr-152	17	15	filers	filer	NOUN
abr-152	17	16	to	to	PART
abr-152	17	17	include	include	VERB
abr-152	17	18	in	in	ADP
abr-152	17	19	their	their	PRON
abr-152	17	20	annual	annual	ADJ
abr-152	17	21	reports	report	NOUN
abr-152	17	22	,	,	PUNCT
abr-152	17	23	pursuant	pursuant	ADJ
abr-152	17	24	to	to	ADP
abr-152	17	25	rules	rule	NOUN
abr-152	17	26	implementing	implement	VERB
abr-152	17	27	section	section	NOUN
abr-152	17	28	404(b	404(b	NOUN
abr-152	17	29	)	)	PUNCT
abr-152	17	30	of	of	ADP
abr-152	17	31	the	the	DET
abr-152	17	32	sarbanes	sarbanes	PROPN
abr-152	17	33	-	-	PUNCT
abr-152	17	34	oxley	oxley	ADJ
abr-152	17	35	act	act	NOUN
abr-152	17	36	of	of	ADP
abr-152	17	37	2002	2002	NUM
abr-152	17	38	,	,	PUNCT
abr-152	17	39	an	an	DET
abr-152	17	40	attestation	attestation	NOUN
abr-152	17	41	report	report	NOUN
abr-152	17	42	of	of	ADP
abr-152	17	43	their	their	PRON
abr-152	17	44	independent	independent	ADJ
abr-152	17	45	auditors	auditor	NOUN
abr-152	17	46	on	on	ADP
abr-152	17	47	internal	internal	ADJ
abr-152	17	48	control	control	NOUN
abr-152	17	49	over	over	ADP
abr-152	17	50	financial	financial	ADJ
abr-152	17	51	reporting	reporting	NOUN
abr-152	17	52	for	for	ADP
abr-152	17	53	fiscal	fiscal	ADJ
abr-152	17	54	year	year	NOUN
abr-152	17	55	ending	end	VERB
abr-152	17	56	on	on	ADP
abr-152	17	57	or	or	CCONJ
abr-152	17	58	after	after	ADP
abr-152	17	59	december	december	PROPN
abr-152	17	60	15	15	NUM
abr-152	17	61	,	,	PUNCT
abr-152	17	62	2009	2009	NUM
abr-152	17	63	.	.	PUNCT
abr-152	17	64	”	"	PUNCT
abr-152	18	1	this	this	DET
abr-152	18	2	date	date	NOUN
abr-152	18	3	has	have	AUX
abr-152	18	4	since	since	ADV
abr-152	18	5	been	be	AUX
abr-152	18	6	pushed	push	VERB
abr-152	18	7	back	back	ADV
abr-152	18	8	pending	pende	VERB
abr-152	18	9	further	further	ADJ
abr-152	18	10	sec	sec	PROPN
abr-152	18	11	study	study	NOUN
abr-152	18	12	.	.	PUNCT
abr-152	19	1	non	non	ADJ
abr-152	19	2	-	-	ADJ
abr-152	19	3	accelerated	accelerated	ADJ
abr-152	19	4	filers	filer	NOUN
abr-152	19	5	are	be	AUX
abr-152	19	6	generally	generally	ADV
abr-152	19	7	companies	company	NOUN
abr-152	19	8	with	with	ADP
abr-152	19	9	less	less	ADJ
abr-152	19	10	than	than	ADP
abr-152	19	11	$	$	SYM
abr-152	19	12	75	75	NUM
abr-152	19	13	million	million	NUM
abr-152	19	14	in	in	ADP
abr-152	19	15	non	non	ADJ
abr-152	19	16	-	-	ADJ
abr-152	19	17	affiliated	affiliated	ADJ
abr-152	19	18	market	market	NOUN
abr-152	19	19	capitalization	capitalization	NOUN
abr-152	19	20	.	.	PUNCT
abr-152	20	1	this	this	DET
abr-152	20	2	extension	extension	NOUN
abr-152	20	3	also	also	ADV
abr-152	20	4	applies	apply	VERB
abr-152	20	5	to	to	ADP
abr-152	20	6	newly	newly	ADV
abr-152	20	7	public	public	ADJ
abr-152	20	8	companies	company	NOUN
abr-152	20	9	.	.	PUNCT
abr-152	21	1	ipo	ipo	NOUN
abr-152	21	2	firms	firm	NOUN
abr-152	21	3	are	be	AUX
abr-152	21	4	not	not	PART
abr-152	21	5	required	require	VERB
abr-152	21	6	to	to	PART
abr-152	21	7	comply	comply	VERB
abr-152	21	8	with	with	ADP
abr-152	21	9	section	section	NOUN
abr-152	21	10	404(a	404(a	PROPN
abr-152	21	11	)	)	PUNCT
abr-152	21	12	and	and	CCONJ
abr-152	21	13	(	(	PUNCT
abr-152	21	14	b	b	NOUN
abr-152	21	15	)	)	PUNCT
abr-152	21	16	until	until	ADP
abr-152	21	17	the	the	DET
abr-152	21	18	second	second	ADJ
abr-152	21	19	annual	annual	ADJ
abr-152	21	20	report	report	NOUN
abr-152	21	21	(	(	PUNCT
abr-152	21	22	10k	10k	NUM
abr-152	21	23	)	)	PUNCT
abr-152	21	24	.	.	PUNCT
abr-152	22	1	the	the	DET
abr-152	22	2	deferral	deferral	NOUN
abr-152	22	3	of	of	ADP
abr-152	22	4	section	section	NOUN
abr-152	22	5	404	404	NUM
abr-152	22	6	requirements	requirement	NOUN
abr-152	22	7	for	for	ADP
abr-152	22	8	ipo	ipo	NOUN
abr-152	22	9	firms	firm	NOUN
abr-152	22	10	(	(	PUNCT
abr-152	22	11	especially	especially	ADV
abr-152	22	12	the	the	DET
abr-152	22	13	extension	extension	NOUN
abr-152	22	14	for	for	ADP
abr-152	22	15	non	non	ADJ
abr-152	22	16	-	-	ADJ
abr-152	22	17	accelerated	accelerated	ADJ
abr-152	22	18	filers	filer	NOUN
abr-152	22	19	)	)	PUNCT
abr-152	22	20	provides	provide	VERB
abr-152	22	21	us	we	PRON
abr-152	22	22	a	a	DET
abr-152	22	23	unique	unique	ADJ
abr-152	22	24	setting	setting	NOUN
abr-152	22	25	to	to	PART
abr-152	22	26	study	study	VERB
abr-152	22	27	the	the	DET
abr-152	22	28	impact	impact	NOUN
abr-152	22	29	of	of	ADP
abr-152	22	30	voluntary	voluntary	ADJ
abr-152	22	31	compliance	compliance	NOUN
abr-152	22	32	of	of	ADP
abr-152	22	33	section	section	NOUN
abr-152	22	34	404	404	NUM
abr-152	22	35	at	at	ADP
abr-152	22	36	the	the	DET
abr-152	22	37	time	time	NOUN
abr-152	22	38	of	of	ADP
abr-152	22	39	ipos	ipos	NOUN
abr-152	22	40	(	(	PUNCT
abr-152	22	41	e.g.	e.g.	ADV
abr-152	22	42	first	first	ADJ
abr-152	22	43	annual	annual	ADJ
abr-152	22	44	report	report	NOUN
abr-152	22	45	filed	file	VERB
abr-152	22	46	under	under	ADP
abr-152	22	47	10	10	NUM
abr-152	22	48	-	-	PUNCT
abr-152	22	49	k	k	NOUN
abr-152	22	50	)	)	PUNCT
abr-152	22	51	,	,	PUNCT
abr-152	22	52	and	and	CCONJ
abr-152	22	53	its	its	PRON
abr-152	22	54	effect	effect	NOUN
abr-152	22	55	of	of	ADP
abr-152	22	56	ipo	ipo	NOUN
abr-152	22	57	underpricing	underpricing	NOUN
abr-152	22	58	.	.	PUNCT
abr-152	23	1	our	our	PRON
abr-152	23	2	study	study	NOUN
abr-152	23	3	contributes	contribute	VERB
abr-152	23	4	to	to	ADP
abr-152	23	5	the	the	DET
abr-152	23	6	ongoing	ongoing	ADJ
abr-152	23	7	debate	debate	NOUN
abr-152	23	8	regarding	regard	VERB
abr-152	23	9	costs	cost	NOUN
abr-152	23	10	and	and	CCONJ
abr-152	23	11	benefits	benefit	NOUN
abr-152	23	12	of	of	ADP
abr-152	23	13	section	section	NOUN
abr-152	23	14	404	404	NUM
abr-152	23	15	,	,	PUNCT
abr-152	23	16	and	and	CCONJ
abr-152	23	17	the	the	DET
abr-152	23	18	voluntary	voluntary	ADJ
abr-152	23	19	disclosure	disclosure	NOUN
abr-152	23	20	and	and	CCONJ
abr-152	23	21	ipo	ipo	NOUN
abr-152	23	22	underpricing	underprice	VERB
abr-152	23	23	literature	literature	NOUN
abr-152	23	24	in	in	ADP
abr-152	23	25	at	at	ADV
abr-152	23	26	least	least	ADV
abr-152	23	27	three	three	NUM
abr-152	23	28	ways	way	NOUN
abr-152	23	29	.	.	PUNCT
abr-152	24	1	first	first	ADV
abr-152	24	2	,	,	PUNCT
abr-152	24	3	we	we	PRON
abr-152	24	4	examine	examine	VERB
abr-152	24	5	the	the	DET
abr-152	24	6	determinants	determinant	NOUN
abr-152	24	7	of	of	ADP
abr-152	24	8	voluntary	voluntary	ADJ
abr-152	24	9	section	section	NOUN
abr-152	24	10	404	404	NUM
abr-152	24	11	compliance	compliance	NOUN
abr-152	24	12	for	for	ADP
abr-152	24	13	ipo	ipo	NOUN
abr-152	24	14	firms	firm	NOUN
abr-152	24	15	.	.	PUNCT
abr-152	25	1	second	second	ADJ
abr-152	25	2	,	,	PUNCT
abr-152	25	3	the	the	DET
abr-152	25	4	findings	finding	NOUN
abr-152	25	5	of	of	ADP
abr-152	25	6	this	this	DET
abr-152	25	7	study	study	NOUN
abr-152	25	8	provide	provide	VERB
abr-152	25	9	insight	insight	NOUN
abr-152	25	10	into	into	ADP
abr-152	25	11	the	the	DET
abr-152	25	12	benefits	benefit	NOUN
abr-152	25	13	of	of	ADP
abr-152	25	14	section	section	NOUN
abr-152	25	15	404	404	NUM
abr-152	25	16	compliance	compliance	NOUN
abr-152	25	17	in	in	ADP
abr-152	25	18	terms	term	NOUN
abr-152	25	19	of	of	ADP
abr-152	25	20	reducing	reduce	VERB
abr-152	25	21	underpricing	underpricing	NOUN
abr-152	25	22	for	for	ADP
abr-152	25	23	ipo	ipo	NOUN
abr-152	25	24	firms	firm	NOUN
abr-152	25	25	and	and	CCONJ
abr-152	25	26	the	the	DET
abr-152	25	27	perceived	perceive	VERB
abr-152	25	28	benefit	benefit	NOUN
abr-152	25	29	of	of	ADP
abr-152	25	30	404	404	NUM
abr-152	25	31	disclosures	disclosure	NOUN
abr-152	25	32	from	from	ADP
abr-152	25	33	the	the	DET
abr-152	25	34	perspective	perspective	NOUN
abr-152	25	35	of	of	ADP
abr-152	25	36	investors	investor	NOUN
abr-152	25	37	.	.	PUNCT
abr-152	26	1	third	third	ADV
abr-152	26	2	,	,	PUNCT
abr-152	26	3	the	the	DET
abr-152	26	4	literature	literature	NOUN
abr-152	26	5	related	relate	VERB
abr-152	26	6	to	to	ADP
abr-152	26	7	ipo	ipo	NOUN
abr-152	26	8	underpricing	underpricing	NOUN
abr-152	26	9	suggests	suggest	VERB
abr-152	26	10	the	the	DET
abr-152	26	11	level	level	NOUN
abr-152	26	12	of	of	ADP
abr-152	26	13	underpricing	underpricing	NOUN
abr-152	26	14	is	be	AUX
abr-152	26	15	related	relate	VERB
abr-152	26	16	to	to	ADP
abr-152	26	17	the	the	DET
abr-152	26	18	various	various	ADJ
abr-152	26	19	aspects	aspect	NOUN
abr-152	26	20	of	of	ADP
abr-152	26	21	the	the	DET
abr-152	26	22	“	"	PUNCT
abr-152	26	23	quality	quality	NOUN
abr-152	26	24	”	"	PUNCT
abr-152	26	25	(	(	PUNCT
abr-152	26	26	i.e.	i.e.	X
abr-152	26	27	,	,	PUNCT
abr-152	26	28	the	the	DET
abr-152	26	29	transparency	transparency	NOUN
abr-152	26	30	and	and	CCONJ
abr-152	26	31	corresponding	correspond	VERB
abr-152	26	32	riskiness	riskiness	NOUN
abr-152	26	33	)	)	PUNCT
abr-152	26	34	of	of	ADP
abr-152	26	35	the	the	DET
abr-152	26	36	ipo	ipo	NOUN
abr-152	26	37	.	.	PUNCT
abr-152	27	1	prior	prior	ADJ
abr-152	27	2	studies	study	NOUN
abr-152	27	3	measure	measure	VERB
abr-152	27	4	the	the	DET
abr-152	27	5	quality	quality	NOUN
abr-152	27	6	of	of	ADP
abr-152	27	7	ipo	ipo	NOUN
abr-152	27	8	firms	firm	NOUN
abr-152	27	9	in	in	ADP
abr-152	27	10	several	several	ADJ
abr-152	27	11	ways	way	NOUN
abr-152	27	12	such	such	ADJ
abr-152	27	13	as	as	ADP
abr-152	27	14	the	the	DET
abr-152	27	15	quality	quality	NOUN
abr-152	27	16	of	of	ADP
abr-152	27	17	accruals	accrual	NOUN
abr-152	27	18	,	,	PUNCT
abr-152	27	19	the	the	DET
abr-152	27	20	reputation	reputation	NOUN
abr-152	27	21	of	of	ADP
abr-152	27	22	auditors	auditor	NOUN
abr-152	27	23	and	and	CCONJ
abr-152	27	24	underwriters	underwriter	NOUN
abr-152	27	25	,	,	PUNCT
abr-152	27	26	and	and	CCONJ
abr-152	27	27	venture	venture	NOUN
abr-152	27	28	capital	capital	NOUN
abr-152	27	29	certification	certification	NOUN
abr-152	27	30	.	.	PUNCT
abr-152	28	1	we	we	PRON
abr-152	28	2	investigate	investigate	VERB
abr-152	28	3	whether	whether	SCONJ
abr-152	28	4	voluntary	voluntary	ADJ
abr-152	28	5	compliance	compliance	NOUN
abr-152	28	6	of	of	ADP
abr-152	28	7	section	section	NOUN
abr-152	28	8	404	404	NUM
abr-152	28	9	is	be	AUX
abr-152	28	10	an	an	DET
abr-152	28	11	additional	additional	ADJ
abr-152	28	12	signaling	signal	VERB
abr-152	28	13	mechanism	mechanism	NOUN
abr-152	28	14	used	use	VERB
abr-152	28	15	by	by	ADP
abr-152	28	16	ipo	ipo	NOUN
abr-152	28	17	firms	firm	NOUN
abr-152	28	18	to	to	PART
abr-152	28	19	convey	convey	VERB
abr-152	28	20	their	their	PRON
abr-152	28	21	quality	quality	NOUN
abr-152	28	22	to	to	ADP
abr-152	28	23	the	the	DET
abr-152	28	24	market	market	NOUN
abr-152	28	25	.	.	PUNCT
abr-152	29	1	the	the	DET
abr-152	29	2	rest	rest	NOUN
abr-152	29	3	of	of	ADP
abr-152	29	4	the	the	DET
abr-152	29	5	paper	paper	NOUN
abr-152	29	6	proceeds	proceed	NOUN
abr-152	29	7	as	as	SCONJ
abr-152	29	8	follows	follow	VERB
abr-152	29	9	.	.	PUNCT
abr-152	30	1	section	section	NOUN
abr-152	30	2	2	2	NUM
abr-152	30	3	provides	provide	VERB
abr-152	30	4	institutional	institutional	ADJ
abr-152	30	5	background	background	NOUN
abr-152	30	6	and	and	CCONJ
abr-152	30	7	reviews	review	NOUN
abr-152	30	8	literature	literature	NOUN
abr-152	30	9	related	relate	VERB
abr-152	30	10	to	to	ADP
abr-152	30	11	sox	sox	PROPN
abr-152	30	12	404	404	NUM
abr-152	30	13	.	.	PUNCT
abr-152	31	1	section	section	NOUN
abr-152	31	2	3	3	NUM
abr-152	31	3	discusses	discuss	VERB
abr-152	31	4	theoretical	theoretical	ADJ
abr-152	31	5	considerations	consideration	NOUN
abr-152	31	6	relating	relate	VERB
abr-152	31	7	ipo	ipo	NOUN
abr-152	31	8	underpricing	underpricing	NOUN
abr-152	31	9	and	and	CCONJ
abr-152	31	10	voluntary	voluntary	ADJ
abr-152	31	11	compliance	compliance	NOUN
abr-152	31	12	with	with	ADP
abr-152	31	13	sox	sox	PROPN
abr-152	31	14	404	404	NUM
abr-152	31	15	.	.	PUNCT
abr-152	32	1	section	section	NOUN
abr-152	32	2	4	4	NUM
abr-152	32	3	describes	describe	VERB
abr-152	32	4	the	the	DET
abr-152	32	5	sample	sample	NOUN
abr-152	32	6	and	and	CCONJ
abr-152	32	7	provides	provide	VERB
abr-152	32	8	descriptive	descriptive	ADJ
abr-152	32	9	statistics	statistic	NOUN
abr-152	32	10	.	.	PUNCT
abr-152	33	1	findings	finding	NOUN
abr-152	33	2	are	be	AUX
abr-152	33	3	reviewed	review	VERB
abr-152	33	4	in	in	ADP
abr-152	33	5	section	section	NOUN
abr-152	33	6	5	5	NUM
abr-152	33	7	and	and	CCONJ
abr-152	33	8	section	section	NOUN
abr-152	33	9	6	6	NUM
abr-152	33	10	concludes	conclude	VERB
abr-152	33	11	.	.	PUNCT
abr-152	34	1	review	review	NOUN
abr-152	34	2	of	of	ADP
abr-152	34	3	literature	literature	NOUN
abr-152	34	4	section	section	PROPN
abr-152	34	5	404	404	NUM
abr-152	34	6	of	of	ADP
abr-152	34	7	the	the	DET
abr-152	34	8	sarbanes	sarbanes	PROPN
abr-152	34	9	-	-	PUNCT
abr-152	34	10	oxley	oxley	ADJ
abr-152	34	11	act	act	NOUN
abr-152	34	12	requires	require	VERB
abr-152	34	13	u.s	u.s	PROPN
abr-152	34	14	.	.	PROPN
abr-152	34	15	public	public	ADJ
abr-152	34	16	company	company	NOUN
abr-152	34	17	to	to	PART
abr-152	34	18	disclose	disclose	VERB
abr-152	34	19	in	in	ADP
abr-152	34	20	its	its	PRON
abr-152	34	21	annual	annual	ADJ
abr-152	34	22	report	report	NOUN
abr-152	34	23	(	(	PUNCT
abr-152	34	24	form	form	NOUN
abr-152	34	25	10	10	NUM
abr-152	34	26	-	-	PUNCT
abr-152	34	27	k	k	NOUN
abr-152	34	28	)	)	PUNCT
abr-152	34	29	and	and	CCONJ
abr-152	34	30	quarterly	quarterly	ADJ
abr-152	34	31	report	report	NOUN
abr-152	34	32	(	(	PUNCT
abr-152	34	33	form	form	NOUN
abr-152	34	34	10	10	NUM
abr-152	34	35	-	-	PUNCT
abr-152	34	36	q	q	NOUN
abr-152	34	37	)	)	PUNCT
abr-152	34	38	,	,	PUNCT
abr-152	34	39	management	management	NOUN
abr-152	34	40	’s	’s	PART
abr-152	34	41	assessment	assessment	NOUN
abr-152	34	42	of	of	ADP
abr-152	34	43	the	the	DET
abr-152	34	44	effectiveness	effectiveness	NOUN
abr-152	34	45	of	of	ADP
abr-152	34	46	internal	internal	ADJ
abr-152	34	47	control	control	NOUN
abr-152	34	48	structure	structure	NOUN
abr-152	34	49	and	and	CCONJ
abr-152	34	50	procedure	procedure	NOUN
abr-152	34	51	.	.	PUNCT
abr-152	35	1	in	in	ADP
abr-152	35	2	addition	addition	NOUN
abr-152	35	3	,	,	PUNCT
abr-152	35	4	the	the	DET
abr-152	35	5	company	company	NOUN
abr-152	35	6	’s	’s	PART
abr-152	35	7	auditor	auditor	NOUN
abr-152	35	8	is	be	AUX
abr-152	35	9	required	require	VERB
abr-152	35	10	to	to	PART
abr-152	35	11	attest	attest	VERB
abr-152	35	12	to	to	ADP
abr-152	35	13	management	management	NOUN
abr-152	35	14	’s	’s	PART
abr-152	35	15	assessment	assessment	NOUN
abr-152	35	16	.	.	PUNCT
abr-152	36	1	the	the	DET
abr-152	36	2	objective	objective	NOUN
abr-152	36	3	of	of	ADP
abr-152	36	4	sox	sox	PROPN
abr-152	36	5	404	404	NUM
abr-152	36	6	is	be	AUX
abr-152	36	7	to	to	PART
abr-152	36	8	inform	inform	VERB
abr-152	36	9	investors	investor	NOUN
abr-152	36	10	about	about	ADP
abr-152	36	11	any	any	DET
abr-152	36	12	weaknesses	weakness	NOUN
abr-152	36	13	in	in	ADP
abr-152	36	14	the	the	DET
abr-152	36	15	company	company	NOUN
abr-152	36	16	’s	’s	PART
abr-152	36	17	internal	internal	ADJ
abr-152	36	18	control	control	NOUN
abr-152	36	19	that	that	PRON
abr-152	36	20	potentially	potentially	ADV
abr-152	36	21	dampens	dampen	VERB
abr-152	36	22	the	the	DET
abr-152	36	23	reliability	reliability	NOUN
abr-152	36	24	of	of	ADP
abr-152	36	25	financial	financial	ADJ
abr-152	36	26	information	information	NOUN
abr-152	36	27	provided	provide	VERB
abr-152	36	28	by	by	ADP
abr-152	36	29	the	the	DET
abr-152	36	30	company	company	NOUN
abr-152	36	31	.	.	PUNCT
abr-152	37	1	auditing	auditing	NOUN
abr-152	37	2	standards	standard	NOUN
abr-152	37	3	(	(	PUNCT
abr-152	37	4	as	as	ADP
abr-152	37	5	no.2	no.2	PROPN
abr-152	37	6	)	)	PUNCT
abr-152	37	7	define	define	VERB
abr-152	37	8	three	three	NUM
abr-152	37	9	types	type	NOUN
abr-152	37	10	of	of	ADP
abr-152	37	11	internal	internal	ADJ
abr-152	37	12	control	control	NOUN
abr-152	37	13	weaknesses	weakness	NOUN
abr-152	37	14	:	:	PUNCT
abr-152	37	15	control	control	NOUN
abr-152	37	16	deficiencies	deficiency	NOUN
abr-152	37	17	,	,	PUNCT
abr-152	37	18	significant	significant	ADJ
abr-152	37	19	deficiencies	deficiency	NOUN
abr-152	37	20	,	,	PUNCT
abr-152	37	21	and	and	CCONJ
abr-152	37	22	material	material	ADJ
abr-152	37	23	weakness	weakness	NOUN
abr-152	37	24	.	.	PUNCT
abr-152	38	1	material	material	ADJ
abr-152	38	2	weakness	weakness	NOUN
abr-152	38	3	“	"	PUNCT
abr-152	38	4	is	be	AUX
abr-152	38	5	a	a	DET
abr-152	38	6	significant	significant	ADJ
abr-152	38	7	deficiency	deficiency	NOUN
abr-152	38	8	,	,	PUNCT
abr-152	38	9	or	or	CCONJ
abr-152	38	10	combination	combination	NOUN
abr-152	38	11	of	of	ADP
abr-152	38	12	significant	significant	ADJ
abr-152	38	13	deficiencies	deficiency	NOUN
abr-152	38	14	,	,	PUNCT
abr-152	38	15	that	that	PRON
abr-152	38	16	results	result	VERB
abr-152	38	17	in	in	ADP
abr-152	38	18	more	more	ADJ
abr-152	38	19	than	than	ADP
abr-152	38	20	a	a	DET
abr-152	38	21	remote	remote	ADJ
abr-152	38	22	likelihood	likelihood	NOUN
abr-152	38	23	that	that	SCONJ
abr-152	38	24	a	a	DET
abr-152	38	25	material	material	NOUN
abr-152	38	26	misstatement	misstatement	NOUN
abr-152	38	27	of	of	ADP
abr-152	38	28	the	the	DET
abr-152	38	29	annual	annual	ADJ
abr-152	38	30	or	or	CCONJ
abr-152	38	31	interim	interim	ADJ
abr-152	38	32	financial	financial	ADJ
abr-152	38	33	statements	statement	NOUN
abr-152	38	34	will	will	AUX
abr-152	38	35	not	not	PART
abr-152	38	36	be	be	AUX
abr-152	38	37	prevented	prevent	VERB
abr-152	38	38	or	or	CCONJ
abr-152	38	39	detected	detect	VERB
abr-152	38	40	”	"	PUNCT
abr-152	38	41	(	(	PUNCT
abr-152	38	42	as	as	ADP
abr-152	38	43	no	no	NOUN
abr-152	38	44	.	.	NOUN
abr-152	38	45	2	2	NUM
abr-152	38	46	paragraph	paragraph	NOUN
abr-152	38	47	10	10	NUM
abr-152	38	48	)	)	PUNCT
abr-152	38	49	.	.	PUNCT
abr-152	39	1	material	material	NOUN
abr-152	39	2	weaknesses	weakness	NOUN
abr-152	39	3	in	in	ADP
abr-152	39	4	internal	internal	ADJ
abr-152	39	5	control	control	NOUN
abr-152	39	6	can	can	AUX
abr-152	39	7	result	result	VERB
abr-152	39	8	in	in	ADP
abr-152	39	9	potential	potential	ADJ
abr-152	39	10	misstatements	misstatement	NOUN
abr-152	39	11	due	due	ADP
abr-152	39	12	to	to	ADP
abr-152	39	13	both	both	PRON
abr-152	39	14	unintentional	unintentional	ADJ
abr-152	39	15	errors	error	NOUN
abr-152	39	16	and	and	CCONJ
abr-152	39	17	intentional	intentional	ADJ
abr-152	39	18	misrepresentation	misrepresentation	NOUN
abr-152	39	19	of	of	ADP
abr-152	39	20	accounting	accounting	NOUN
abr-152	39	21	numbers	number	NOUN
abr-152	39	22	.	.	PUNCT
abr-152	40	1	empirical	empirical	ADJ
abr-152	40	2	evidence	evidence	NOUN
abr-152	40	3	provided	provide	VERB
abr-152	40	4	by	by	ADP
abr-152	40	5	prior	prior	ADJ
abr-152	40	6	studies	study	NOUN
abr-152	40	7	supports	support	VERB
abr-152	40	8	the	the	DET
abr-152	40	9	link	link	NOUN
abr-152	40	10	between	between	ADP
abr-152	40	11	internal	internal	ADJ
abr-152	40	12	control	control	NOUN
abr-152	40	13	weakness	weakness	NOUN
abr-152	40	14	and	and	CCONJ
abr-152	40	15	earnings	earning	NOUN
abr-152	40	16	quality	quality	NOUN
abr-152	40	17	.	.	PUNCT
abr-152	41	1	ashbaugh	ashbaugh	NOUN
abr-152	41	2	-	-	PUNCT
abr-152	41	3	skaife	skaife	NOUN
abr-152	41	4	,	,	PUNCT
abr-152	41	5	collins	collins	PROPN
abr-152	41	6	,	,	PUNCT
abr-152	41	7	kinney	kinney	PROPN
abr-152	41	8	and	and	CCONJ
abr-152	41	9	lafond	lafond	PROPN
abr-152	41	10	(	(	PUNCT
abr-152	41	11	2008	2008	NUM
abr-152	41	12	)	)	PUNCT
abr-152	41	13	investigate	investigate	VERB
abr-152	41	14	whether	whether	SCONJ
abr-152	41	15	firms	firm	NOUN
abr-152	41	16	disclosing	disclose	VERB
abr-152	41	17	internal	internal	ADJ
abr-152	41	18	control	control	NOUN
abr-152	41	19	deficiencies	deficiency	NOUN
abr-152	41	20	have	have	VERB
abr-152	41	21	lower	low	ADJ
abr-152	41	22	quality	quality	NOUN
abr-152	41	23	accruals	accrual	NOUN
abr-152	41	24	,	,	PUNCT
abr-152	41	25	and	and	CCONJ
abr-152	41	26	larger	large	ADJ
abr-152	41	27	(	(	PUNCT
abr-152	41	28	in	in	ADP
abr-152	41	29	magnitude	magnitude	NOUN
abr-152	41	30	)	)	PUNCT
abr-152	41	31	abnormal	abnormal	ADJ
abr-152	41	32	accruals	accrual	NOUN
abr-152	41	33	.	.	PUNCT
abr-152	42	1	they	they	PRON
abr-152	42	2	posit	posit	VERB
abr-152	42	3	that	that	SCONJ
abr-152	42	4	when	when	SCONJ
abr-152	42	5	firms	firm	NOUN
abr-152	42	6	have	have	VERB
abr-152	42	7	weakness	weakness	NOUN
abr-152	42	8	in	in	ADP
abr-152	42	9	their	their	PRON
abr-152	42	10	internal	internal	ADJ
abr-152	42	11	control	control	NOUN
abr-152	42	12	,	,	PUNCT
abr-152	42	13	both	both	PRON
abr-152	42	14	unintentional	unintentional	ADJ
abr-152	42	15	errors	error	NOUN
abr-152	42	16	and	and	CCONJ
abr-152	42	17	intentional	intentional	ADJ
abr-152	42	18	misrepresentations	misrepresentation	NOUN
abr-152	42	19	of	of	ADP
abr-152	42	20	accounting	accounting	NOUN
abr-152	42	21	numbers	number	NOUN
abr-152	42	22	(	(	PUNCT
abr-152	42	23	e.g.	e.g.	ADV
abr-152	42	24	earnings	earning	NOUN
abr-152	42	25	management	management	NOUN
abr-152	42	26	)	)	PUNCT
abr-152	42	27	result	result	NOUN
abr-152	42	28	in	in	ADP
abr-152	42	29	poor	poor	ADJ
abr-152	42	30	accruals	accrual	NOUN
abr-152	42	31	quality	quality	NOUN
abr-152	42	32	.	.	PUNCT
abr-152	43	1	they	they	PRON
abr-152	43	2	find	find	VERB
abr-152	43	3	that	that	SCONJ
abr-152	43	4	(	(	PUNCT
abr-152	43	5	absolute	absolute	ADJ
abr-152	43	6	)	)	PUNCT
abr-152	43	7	abnormal	abnormal	ADJ
abr-152	43	8	working	working	NOUN
abr-152	43	9	capital	capital	NOUN
abr-152	43	10	accruals	accrual	NOUN
abr-152	43	11	are	be	AUX
abr-152	43	12	larger	large	ADJ
abr-152	43	13	for	for	ADP
abr-152	43	14	firms	firm	NOUN
abr-152	43	15	with	with	ADP
abr-152	43	16	internal	internal	ADJ
abr-152	43	17	control	control	NOUN
abr-152	43	18	deficiencies	deficiency	NOUN
abr-152	43	19	than	than	ADP
abr-152	43	20	firms	firm	NOUN
abr-152	43	21	without	without	ADP
abr-152	43	22	deficiencies	deficiency	NOUN
abr-152	43	23	.	.	PUNCT
abr-152	44	1	the	the	DET
abr-152	44	2	quality	quality	NOUN
abr-152	44	3	of	of	ADP
abr-152	44	4	accruals	accrual	NOUN
abr-152	44	5	,	,	PUNCT
abr-152	44	6	as	as	SCONJ
abr-152	44	7	measured	measure	VERB
abr-152	44	8	by	by	ADP
abr-152	44	9	the	the	DET
abr-152	44	10	mapping	mapping	NOUN
abr-152	44	11	of	of	ADP
abr-152	44	12	accruals	accrual	NOUN
abr-152	44	13	to	to	ADP
abr-152	44	14	future	future	ADJ
abr-152	44	15	cash	cash	NOUN
abr-152	44	16	flows	flow	NOUN
abr-152	44	17	,	,	PUNCT
abr-152	44	18	is	be	AUX
abr-152	44	19	lower	low	ADJ
abr-152	44	20	for	for	ADP
abr-152	44	21	firms	firm	NOUN
abr-152	44	22	with	with	ADP
abr-152	44	23	internal	internal	ADJ
abr-152	44	24	control	control	NOUN
abr-152	44	25	deficiencies	deficiency	NOUN
abr-152	44	26	.	.	PUNCT
abr-152	45	1	furthermore	furthermore	ADV
abr-152	45	2	,	,	PUNCT
abr-152	45	3	in	in	ADP
abr-152	45	4	subsequent	subsequent	ADJ
abr-152	45	5	years	year	NOUN
abr-152	45	6	,	,	PUNCT
abr-152	45	7	accrual	accrual	ADJ
abr-152	45	8	quality	quality	NOUN
abr-152	45	9	increases	increase	NOUN
abr-152	45	10	as	as	SCONJ
abr-152	45	11	internal	internal	ADJ
abr-152	45	12	control	control	NOUN
abr-152	45	13	improves	improves	AUX
abr-152	45	14	(	(	PUNCT
abr-152	45	15	e.g.	e.g.	ADV
abr-152	45	16	going	go	VERB
abr-152	45	17	from	from	ADP
abr-152	45	18	an	an	DET
abr-152	45	19	adverse	adverse	ADJ
abr-152	45	20	to	to	ADP
abr-152	45	21	an	an	DET
abr-152	45	22	unqualified	unqualified	ADJ
abr-152	45	23	auditor	auditor	NOUN
abr-152	45	24	opinion	opinion	NOUN
abr-152	45	25	on	on	ADP
abr-152	45	26	section	section	NOUN
abr-152	45	27	404	404	NUM
abr-152	45	28	)	)	PUNCT
abr-152	45	29	.	.	PUNCT
abr-152	46	1	doyle	doyle	PROPN
abr-152	46	2	,	,	PUNCT
abr-152	46	3	ge	ge	PROPN
abr-152	46	4	and	and	CCONJ
abr-152	46	5	mcvay	mcvay	PROPN
abr-152	46	6	(	(	PUNCT
abr-152	46	7	2007a	2007a	NUM
abr-152	46	8	)	)	PUNCT
abr-152	46	9	,	,	PUNCT
abr-152	46	10	using	use	VERB
abr-152	46	11	different	different	ADJ
abr-152	46	12	measures	measure	NOUN
abr-152	46	13	of	of	ADP
abr-152	46	14	accruals	accrual	NOUN
abr-152	46	15	quality	quality	NOUN
abr-152	46	16	,	,	PUNCT
abr-152	46	17	also	also	ADV
abr-152	46	18	document	document	VERB
abr-152	46	19	a	a	DET
abr-152	46	20	relation	relation	NOUN
abr-152	46	21	between	between	ADP
abr-152	46	22	weak	weak	ADJ
abr-152	46	23	internal	internal	ADJ
abr-152	46	24	controls	control	NOUN
abr-152	46	25	and	and	CCONJ
abr-152	46	26	lower	low	ADJ
abr-152	46	27	accrual	accrual	ADJ
abr-152	46	28	quality	quality	NOUN
abr-152	46	29	.	.	PUNCT
abr-152	47	1	they	they	PRON
abr-152	47	2	further	far	ADV
abr-152	47	3	show	show	VERB
abr-152	47	4	that	that	SCONJ
abr-152	47	5	this	this	DET
abr-152	47	6	huang	huang	PROPN
abr-152	47	7	et	et	PROPN
abr-152	47	8	al	al	PROPN
abr-152	47	9	.	.	PROPN
abr-152	47	10	17	17	NUM
abr-152	47	11	relationship	relationship	NOUN
abr-152	47	12	is	be	AUX
abr-152	47	13	more	more	ADV
abr-152	47	14	concentrated	concentrated	ADJ
abr-152	47	15	in	in	ADP
abr-152	47	16	firms	firm	NOUN
abr-152	47	17	with	with	ADP
abr-152	47	18	company	company	NOUN
abr-152	47	19	-	-	PUNCT
abr-152	47	20	level	level	NOUN
abr-152	47	21	material	material	NOUN
abr-152	47	22	weakness	weakness	NOUN
abr-152	47	23	than	than	ADP
abr-152	47	24	in	in	ADP
abr-152	47	25	firms	firm	NOUN
abr-152	47	26	with	with	ADP
abr-152	47	27	accountspecific	accountspecific	NOUN
abr-152	47	28	problems	problem	NOUN
abr-152	47	29	,	,	PUNCT
abr-152	47	30	which	which	PRON
abr-152	47	31	are	be	AUX
abr-152	47	32	more	more	ADV
abr-152	47	33	easily	easily	ADV
abr-152	47	34	detected	detect	VERB
abr-152	47	35	and	and	CCONJ
abr-152	47	36	corrected	correct	VERB
abr-152	47	37	by	by	ADP
abr-152	47	38	auditors	auditor	NOUN
abr-152	47	39	prior	prior	ADV
abr-152	47	40	to	to	ADP
abr-152	47	41	issuing	issue	VERB
abr-152	47	42	financial	financial	ADJ
abr-152	47	43	statements	statement	NOUN
abr-152	47	44	.	.	PUNCT
abr-152	48	1	doyle	doyle	PROPN
abr-152	48	2	,	,	PUNCT
abr-152	48	3	ge	ge	PROPN
abr-152	48	4	,	,	PUNCT
abr-152	48	5	and	and	CCONJ
abr-152	48	6	mcvay	mcvay	PROPN
abr-152	48	7	(	(	PUNCT
abr-152	48	8	2007b	2007b	NUM
abr-152	48	9	)	)	PUNCT
abr-152	48	10	examine	examine	VERB
abr-152	48	11	the	the	DET
abr-152	48	12	determinants	determinant	NOUN
abr-152	48	13	of	of	ADP
abr-152	48	14	different	different	ADJ
abr-152	48	15	internal	internal	ADJ
abr-152	48	16	control	control	NOUN
abr-152	48	17	problems	problem	NOUN
abr-152	48	18	:	:	PUNCT
abr-152	48	19	account	account	NOUN
abr-152	48	20	-	-	PUNCT
abr-152	48	21	specific	specific	ADJ
abr-152	48	22	weakness	weakness	NOUN
abr-152	48	23	and	and	CCONJ
abr-152	48	24	company	company	NOUN
abr-152	48	25	-	-	PUNCT
abr-152	48	26	level	level	NOUN
abr-152	48	27	weakness	weakness	NOUN
abr-152	48	28	.	.	PUNCT
abr-152	49	1	they	they	PRON
abr-152	49	2	find	find	VERB
abr-152	49	3	that	that	SCONJ
abr-152	49	4	the	the	DET
abr-152	49	5	group	group	NOUN
abr-152	49	6	of	of	ADP
abr-152	49	7	firms	firm	NOUN
abr-152	49	8	reporting	report	VERB
abr-152	49	9	accountspecific	accountspecific	NOUN
abr-152	49	10	weaknesses	weakness	NOUN
abr-152	49	11	generally	generally	ADV
abr-152	49	12	includes	include	VERB
abr-152	49	13	larger	large	ADJ
abr-152	49	14	firms	firm	NOUN
abr-152	49	15	,	,	PUNCT
abr-152	49	16	older	old	ADJ
abr-152	49	17	firms	firm	NOUN
abr-152	49	18	,	,	PUNCT
abr-152	49	19	and	and	CCONJ
abr-152	49	20	firms	firm	NOUN
abr-152	49	21	with	with	ADP
abr-152	49	22	good	good	ADJ
abr-152	49	23	financial	financial	ADJ
abr-152	49	24	health	health	NOUN
abr-152	49	25	,	,	PUNCT
abr-152	49	26	more	more	ADV
abr-152	49	27	complex	complex	ADJ
abr-152	49	28	operation	operation	NOUN
abr-152	49	29	,	,	PUNCT
abr-152	49	30	and	and	CCONJ
abr-152	49	31	growth	growth	NOUN
abr-152	49	32	.	.	PUNCT
abr-152	50	1	examining	examine	VERB
abr-152	50	2	the	the	DET
abr-152	50	3	internal	internal	ADJ
abr-152	50	4	control	control	NOUN
abr-152	50	5	weakness	weakness	NOUN
abr-152	50	6	disclosures	disclosure	NOUN
abr-152	50	7	provided	provide	VERB
abr-152	50	8	by	by	ADP
abr-152	50	9	firms	firm	NOUN
abr-152	50	10	,	,	PUNCT
abr-152	50	11	ge	ge	PROPN
abr-152	50	12	and	and	CCONJ
abr-152	50	13	mcvay	mcvay	PROPN
abr-152	50	14	(	(	PUNCT
abr-152	50	15	2005	2005	NUM
abr-152	50	16	)	)	PUNCT
abr-152	50	17	show	show	VERB
abr-152	50	18	that	that	SCONJ
abr-152	50	19	inadequate	inadequate	ADJ
abr-152	50	20	accounting	accounting	NOUN
abr-152	50	21	resources	resource	NOUN
abr-152	50	22	are	be	AUX
abr-152	50	23	the	the	DET
abr-152	50	24	primary	primary	ADJ
abr-152	50	25	causes	cause	NOUN
abr-152	50	26	for	for	ADP
abr-152	50	27	internal	internal	ADJ
abr-152	50	28	control	control	NOUN
abr-152	50	29	weakness	weakness	NOUN
abr-152	50	30	.	.	PUNCT
abr-152	51	1	moreover	moreover	ADV
abr-152	51	2	,	,	PUNCT
abr-152	51	3	most	most	ADJ
abr-152	51	4	account	account	NOUN
abr-152	51	5	-	-	PUNCT
abr-152	51	6	specific	specific	ADJ
abr-152	51	7	material	material	NOUN
abr-152	51	8	weaknesses	weakness	NOUN
abr-152	51	9	are	be	AUX
abr-152	51	10	related	relate	VERB
abr-152	51	11	to	to	ADP
abr-152	51	12	accrual	accrual	ADJ
abr-152	51	13	accounts	account	NOUN
abr-152	51	14	(	(	PUNCT
abr-152	51	15	e.g.	e.g.	ADV
abr-152	51	16	accounts	account	VERB
abr-152	51	17	receivable	receivable	ADJ
abr-152	51	18	and	and	CCONJ
abr-152	51	19	inventory	inventory	NOUN
abr-152	51	20	)	)	PUNCT
abr-152	51	21	.	.	PUNCT
abr-152	52	1	from	from	ADP
abr-152	52	2	the	the	DET
abr-152	52	3	firms	firm	NOUN
abr-152	52	4	’	’	PART
abr-152	52	5	perspective	perspective	NOUN
abr-152	52	6	,	,	PUNCT
abr-152	52	7	one	one	NUM
abr-152	52	8	direct	direct	ADJ
abr-152	52	9	benefit	benefit	NOUN
abr-152	52	10	of	of	ADP
abr-152	52	11	improved	improve	VERB
abr-152	52	12	financial	financial	ADJ
abr-152	52	13	reporting	reporting	NOUN
abr-152	52	14	,	,	PUNCT
abr-152	52	15	through	through	ADP
abr-152	52	16	disclosing	disclose	VERB
abr-152	52	17	managements	management	NOUN
abr-152	52	18	’	'	PUNCT
abr-152	52	19	and	and	CCONJ
abr-152	52	20	auditors	auditor	NOUN
abr-152	52	21	’	’	PART
abr-152	52	22	assessment	assessment	NOUN
abr-152	52	23	on	on	ADP
abr-152	52	24	internal	internal	ADJ
abr-152	52	25	control	control	NOUN
abr-152	52	26	over	over	ADP
abr-152	52	27	financial	financial	ADJ
abr-152	52	28	reporting	reporting	NOUN
abr-152	52	29	,	,	PUNCT
abr-152	52	30	is	be	AUX
abr-152	52	31	the	the	DET
abr-152	52	32	potential	potential	ADJ
abr-152	52	33	reduction	reduction	NOUN
abr-152	52	34	in	in	ADP
abr-152	52	35	cost	cost	NOUN
abr-152	52	36	of	of	ADP
abr-152	52	37	capital	capital	NOUN
abr-152	52	38	.	.	PUNCT
abr-152	53	1	that	that	PRON
abr-152	53	2	is	be	AUX
abr-152	53	3	,	,	PUNCT
abr-152	53	4	investors	investor	NOUN
abr-152	53	5	should	should	AUX
abr-152	53	6	demand	demand	VERB
abr-152	53	7	a	a	DET
abr-152	53	8	higher	high	ADJ
abr-152	53	9	risk	risk	NOUN
abr-152	53	10	premium	premium	NOUN
abr-152	53	11	for	for	ADP
abr-152	53	12	firms	firm	NOUN
abr-152	53	13	with	with	ADP
abr-152	53	14	poor	poor	ADJ
abr-152	53	15	financial	financial	ADJ
abr-152	53	16	reporting	reporting	NOUN
abr-152	53	17	quality	quality	NOUN
abr-152	53	18	(	(	PUNCT
abr-152	53	19	resulting	result	VERB
abr-152	53	20	from	from	ADP
abr-152	53	21	weakness	weakness	NOUN
abr-152	53	22	in	in	ADP
abr-152	53	23	internal	internal	ADJ
abr-152	53	24	control	control	NOUN
abr-152	53	25	)	)	PUNCT
abr-152	53	26	.	.	PUNCT
abr-152	54	1	credit	credit	NOUN
abr-152	54	2	-	-	PUNCT
abr-152	54	3	rating	rating	NOUN
abr-152	54	4	agencies	agency	NOUN
abr-152	54	5	view	view	VERB
abr-152	54	6	internal	internal	ADJ
abr-152	54	7	control	control	NOUN
abr-152	54	8	weakness	weakness	NOUN
abr-152	54	9	as	as	ADP
abr-152	54	10	an	an	DET
abr-152	54	11	important	important	ADJ
abr-152	54	12	factor	factor	NOUN
abr-152	54	13	in	in	ADP
abr-152	54	14	their	their	PRON
abr-152	54	15	credit	credit	NOUN
abr-152	54	16	rating	rating	NOUN
abr-152	54	17	process	process	NOUN
abr-152	54	18	(	(	PUNCT
abr-152	54	19	moody	moody	PROPN
abr-152	54	20	’s	’s	PART
abr-152	54	21	investor	investor	NOUN
abr-152	54	22	service	service	NOUN
abr-152	54	23	2004	2004	NUM
abr-152	54	24	)	)	PUNCT
abr-152	54	25	.	.	PUNCT
abr-152	55	1	empirical	empirical	ADJ
abr-152	55	2	evidence	evidence	NOUN
abr-152	55	3	however	however	ADV
abr-152	55	4	shows	show	VERB
abr-152	55	5	mixed	mixed	ADJ
abr-152	55	6	evidence	evidence	NOUN
abr-152	55	7	as	as	ADP
abr-152	55	8	to	to	ADP
abr-152	55	9	whether	whether	SCONJ
abr-152	55	10	the	the	DET
abr-152	55	11	effectiveness	effectiveness	NOUN
abr-152	55	12	in	in	ADP
abr-152	55	13	internal	internal	ADJ
abr-152	55	14	control	control	NOUN
abr-152	55	15	is	be	AUX
abr-152	55	16	linked	link	VERB
abr-152	55	17	to	to	ADP
abr-152	55	18	the	the	DET
abr-152	55	19	cost	cost	NOUN
abr-152	55	20	of	of	ADP
abr-152	55	21	capital	capital	NOUN
abr-152	55	22	.	.	PUNCT
abr-152	56	1	ashbaugh	ashbaugh	NOUN
abr-152	56	2	-	-	PUNCT
abr-152	56	3	skaife	skaife	NOUN
abr-152	56	4	et	et	PROPN
abr-152	56	5	al	al	PROPN
abr-152	56	6	.	.	PUNCT
abr-152	57	1	(	(	PUNCT
abr-152	57	2	2008	2008	NUM
abr-152	57	3	)	)	PUNCT
abr-152	57	4	document	document	NOUN
abr-152	57	5	a	a	DET
abr-152	57	6	positive	positive	ADJ
abr-152	57	7	association	association	NOUN
abr-152	57	8	between	between	ADP
abr-152	57	9	internal	internal	ADJ
abr-152	57	10	control	control	NOUN
abr-152	57	11	weaknesses	weakness	NOUN
abr-152	57	12	identified	identify	VERB
abr-152	57	13	under	under	ADP
abr-152	57	14	section	section	NOUN
abr-152	57	15	302	302	NUM
abr-152	57	16	and	and	CCONJ
abr-152	57	17	section	section	NOUN
abr-152	57	18	404	404	NUM
abr-152	57	19	and	and	CCONJ
abr-152	57	20	cost	cost	NOUN
abr-152	57	21	of	of	ADP
abr-152	57	22	capital	capital	NOUN
abr-152	57	23	.	.	PUNCT
abr-152	58	1	however	however	ADV
abr-152	58	2	,	,	PUNCT
abr-152	58	3	ogneva	ogneva	PROPN
abr-152	58	4	,	,	PUNCT
abr-152	58	5	subramanyam	subramanyam	NOUN
abr-152	58	6	and	and	CCONJ
abr-152	58	7	raghunandan	raghunandan	PROPN
abr-152	58	8	(	(	PUNCT
abr-152	58	9	2007	2007	NUM
abr-152	58	10	)	)	PUNCT
abr-152	58	11	show	show	VERB
abr-152	58	12	that	that	SCONJ
abr-152	58	13	this	this	DET
abr-152	58	14	relationship	relationship	NOUN
abr-152	58	15	disappears	disappear	VERB
abr-152	58	16	after	after	ADP
abr-152	58	17	controlling	control	VERB
abr-152	58	18	for	for	ADP
abr-152	58	19	firm	firm	ADJ
abr-152	58	20	characteristics	characteristic	NOUN
abr-152	58	21	and	and	CCONJ
abr-152	58	22	for	for	ADP
abr-152	58	23	analyst	analyst	NOUN
abr-152	58	24	forecast	forecast	NOUN
abr-152	58	25	bias	bias	NOUN
abr-152	58	26	.	.	PUNCT
abr-152	59	1	there	there	PRON
abr-152	59	2	are	be	VERB
abr-152	59	3	also	also	ADV
abr-152	59	4	market	market	NOUN
abr-152	59	5	-	-	PUNCT
abr-152	59	6	based	base	VERB
abr-152	59	7	studies	study	NOUN
abr-152	59	8	and	and	CCONJ
abr-152	59	9	voluntary	voluntary	ADJ
abr-152	59	10	disclosure	disclosure	NOUN
abr-152	59	11	studies	study	NOUN
abr-152	59	12	that	that	PRON
abr-152	59	13	focus	focus	VERB
abr-152	59	14	on	on	ADP
abr-152	59	15	the	the	DET
abr-152	59	16	topic	topic	NOUN
abr-152	59	17	of	of	ADP
abr-152	59	18	internal	internal	ADJ
abr-152	59	19	control	control	NOUN
abr-152	59	20	and	and	CCONJ
abr-152	59	21	financial	financial	ADJ
abr-152	59	22	reporting	reporting	NOUN
abr-152	59	23	.	.	PUNCT
abr-152	60	1	market	market	NOUN
abr-152	60	2	-	-	PUNCT
abr-152	60	3	based	base	VERB
abr-152	60	4	studies	study	NOUN
abr-152	60	5	provide	provide	VERB
abr-152	60	6	insight	insight	NOUN
abr-152	60	7	into	into	ADP
abr-152	60	8	whether	whether	SCONJ
abr-152	60	9	managers	manager	NOUN
abr-152	60	10	’	'	PUNCT
abr-152	60	11	and	and	CCONJ
abr-152	60	12	auditors	auditor	NOUN
abr-152	60	13	’	’	PART
abr-152	60	14	assessments	assessment	NOUN
abr-152	60	15	of	of	ADP
abr-152	60	16	internal	internal	ADJ
abr-152	60	17	controls	control	NOUN
abr-152	60	18	are	be	AUX
abr-152	60	19	informative	informative	ADJ
abr-152	60	20	to	to	ADP
abr-152	60	21	the	the	DET
abr-152	60	22	market	market	NOUN
abr-152	60	23	.	.	PUNCT
abr-152	61	1	specifically	specifically	ADV
abr-152	61	2	,	,	PUNCT
abr-152	61	3	these	these	DET
abr-152	61	4	studies	study	NOUN
abr-152	61	5	attempt	attempt	VERB
abr-152	61	6	to	to	PART
abr-152	61	7	answer	answer	VERB
abr-152	61	8	the	the	DET
abr-152	61	9	question	question	NOUN
abr-152	61	10	of	of	ADP
abr-152	61	11	whether	whether	SCONJ
abr-152	61	12	disclosures	disclosure	NOUN
abr-152	61	13	about	about	ADP
abr-152	61	14	internal	internal	ADJ
abr-152	61	15	control	control	NOUN
abr-152	61	16	weakness	weakness	NOUN
abr-152	61	17	cause	cause	VERB
abr-152	61	18	investors	investor	NOUN
abr-152	61	19	to	to	PART
abr-152	61	20	revise	revise	VERB
abr-152	61	21	their	their	PRON
abr-152	61	22	price	price	NOUN
abr-152	61	23	valuations	valuation	NOUN
abr-152	61	24	.	.	PUNCT
abr-152	62	1	hammersley	hammersley	PROPN
abr-152	62	2	,	,	PUNCT
abr-152	62	3	myers	myers	PROPN
abr-152	62	4	and	and	CCONJ
abr-152	62	5	shakespeare	shakespeare	PROPN
abr-152	62	6	(	(	PUNCT
abr-152	62	7	2008	2008	NUM
abr-152	62	8	)	)	PUNCT
abr-152	62	9	examine	examine	VERB
abr-152	62	10	the	the	DET
abr-152	62	11	market	market	NOUN
abr-152	62	12	reaction	reaction	NOUN
abr-152	62	13	to	to	ADP
abr-152	62	14	three	three	NUM
abr-152	62	15	types	type	NOUN
abr-152	62	16	of	of	ADP
abr-152	62	17	internal	internal	ADJ
abr-152	62	18	control	control	NOUN
abr-152	62	19	weakness1	weakness1	PROPN
abr-152	62	20	.	.	PUNCT
abr-152	63	1	market	market	NOUN
abr-152	63	2	reaction	reaction	NOUN
abr-152	63	3	is	be	AUX
abr-152	63	4	strongest	strong	ADJ
abr-152	63	5	to	to	ADP
abr-152	63	6	disclosures	disclosure	NOUN
abr-152	63	7	about	about	ADP
abr-152	63	8	material	material	NOUN
abr-152	63	9	weakness	weakness	NOUN
abr-152	63	10	(	(	PUNCT
abr-152	63	11	-0.95	-0.95	NOUN
abr-152	63	12	%	%	NOUN
abr-152	63	13	)	)	PUNCT
abr-152	63	14	;	;	PUNCT
abr-152	63	15	the	the	DET
abr-152	63	16	three	three	NUM
abr-152	63	17	-	-	PUNCT
abr-152	63	18	day	day	NOUN
abr-152	63	19	size	size	NOUN
abr-152	63	20	-	-	PUNCT
abr-152	63	21	adjusted	adjust	VERB
abr-152	63	22	return	return	NOUN
abr-152	63	23	is	be	AUX
abr-152	63	24	-0.75	-0.75	NUM
abr-152	63	25	%	%	NOUN
abr-152	63	26	when	when	SCONJ
abr-152	63	27	firms	firm	NOUN
abr-152	63	28	disclose	disclose	VERB
abr-152	63	29	significant	significant	ADJ
abr-152	63	30	deficiencies	deficiency	NOUN
abr-152	63	31	;	;	PUNCT
abr-152	63	32	and	and	CCONJ
abr-152	63	33	there	there	PRON
abr-152	63	34	is	be	VERB
abr-152	63	35	significant	significant	ADJ
abr-152	63	36	market	market	NOUN
abr-152	63	37	reaction	reaction	NOUN
abr-152	63	38	to	to	ADP
abr-152	63	39	disclosures	disclosure	NOUN
abr-152	63	40	about	about	ADP
abr-152	63	41	control	control	NOUN
abr-152	63	42	deficiencies	deficiency	NOUN
abr-152	63	43	by	by	ADP
abr-152	63	44	themselves	themselves	PRON
abr-152	63	45	.	.	PUNCT
abr-152	64	1	beneish	beneish	ADJ
abr-152	64	2	,	,	PUNCT
abr-152	64	3	billing	billing	NOUN
abr-152	64	4	and	and	CCONJ
abr-152	64	5	hodder	hodder	PROPN
abr-152	64	6	(	(	PUNCT
abr-152	64	7	2008	2008	NUM
abr-152	64	8	)	)	PUNCT
abr-152	64	9	conduct	conduct	VERB
abr-152	64	10	a	a	DET
abr-152	64	11	similar	similar	ADJ
abr-152	64	12	study	study	NOUN
abr-152	64	13	but	but	CCONJ
abr-152	64	14	find	find	VERB
abr-152	64	15	no	no	DET
abr-152	64	16	significant	significant	ADJ
abr-152	64	17	market	market	NOUN
abr-152	64	18	reaction	reaction	NOUN
abr-152	64	19	to	to	PART
abr-152	64	20	section	section	VERB
abr-152	64	21	404	404	NUM
abr-152	64	22	disclosures	disclosure	NOUN
abr-152	64	23	,	,	PUNCT
abr-152	64	24	taking	take	VERB
abr-152	64	25	into	into	ADP
abr-152	64	26	account	account	NOUN
abr-152	64	27	prior	prior	ADJ
abr-152	64	28	section	section	NOUN
abr-152	64	29	302	302	NUM
abr-152	64	30	disclosures	disclosure	NOUN
abr-152	64	31	.	.	PUNCT
abr-152	65	1	one	one	NUM
abr-152	65	2	interpretation	interpretation	NOUN
abr-152	65	3	of	of	ADP
abr-152	65	4	this	this	DET
abr-152	65	5	finding	finding	NOUN
abr-152	65	6	is	be	AUX
abr-152	65	7	that	that	SCONJ
abr-152	65	8	accelerated	accelerate	VERB
abr-152	65	9	filers	filer	NOUN
abr-152	65	10	(	(	PUNCT
abr-152	65	11	under	under	ADP
abr-152	65	12	section	section	NOUN
abr-152	65	13	404	404	NUM
abr-152	65	14	)	)	PUNCT
abr-152	65	15	are	be	AUX
abr-152	65	16	larger	large	ADJ
abr-152	65	17	firms	firm	NOUN
abr-152	65	18	with	with	ADP
abr-152	65	19	greater	great	ADJ
abr-152	65	20	financial	financial	ADJ
abr-152	65	21	media	medium	NOUN
abr-152	65	22	and	and	CCONJ
abr-152	65	23	analyst	analyst	NOUN
abr-152	65	24	coverage	coverage	NOUN
abr-152	65	25	.	.	PUNCT
abr-152	66	1	therefore	therefore	ADV
abr-152	66	2	disclosure	disclosure	NOUN
abr-152	66	3	under	under	ADP
abr-152	66	4	section	section	NOUN
abr-152	66	5	404	404	NUM
abr-152	66	6	does	do	AUX
abr-152	66	7	not	not	PART
abr-152	66	8	provide	provide	VERB
abr-152	66	9	incremental	incremental	ADJ
abr-152	66	10	information	information	NOUN
abr-152	66	11	to	to	ADP
abr-152	66	12	the	the	DET
abr-152	66	13	market	market	NOUN
abr-152	66	14	.	.	PUNCT
abr-152	67	1	another	another	DET
abr-152	67	2	interpretation	interpretation	NOUN
abr-152	67	3	is	be	AUX
abr-152	67	4	that	that	SCONJ
abr-152	67	5	audited	audit	VERB
abr-152	67	6	internal	internal	ADJ
abr-152	67	7	control	control	NOUN
abr-152	67	8	disclosures	disclosure	NOUN
abr-152	67	9	as	as	SCONJ
abr-152	67	10	required	require	VERB
abr-152	67	11	by	by	ADP
abr-152	67	12	section	section	NOUN
abr-152	67	13	404b	404b	PROPN
abr-152	67	14	reflect	reflect	VERB
abr-152	67	15	a	a	DET
abr-152	67	16	lower	low	ADJ
abr-152	67	17	materiality	materiality	NOUN
abr-152	67	18	threshold	threshold	NOUN
abr-152	67	19	for	for	ADP
abr-152	67	20	disclosure	disclosure	NOUN
abr-152	67	21	(	(	PUNCT
abr-152	67	22	doyle	doyle	PROPN
abr-152	67	23	et	et	PROPN
abr-152	67	24	al	al	PROPN
abr-152	67	25	.	.	PROPN
abr-152	67	26	2007b	2007b	NUM
abr-152	67	27	)	)	PUNCT
abr-152	67	28	.	.	PUNCT
abr-152	68	1	in	in	ADP
abr-152	68	2	the	the	DET
abr-152	68	3	voluntary	voluntary	ADJ
abr-152	68	4	disclosure	disclosure	NOUN
abr-152	68	5	literature	literature	NOUN
abr-152	68	6	,	,	PUNCT
abr-152	68	7	bronson	bronson	PROPN
abr-152	68	8	,	,	PUNCT
abr-152	68	9	carcello	carcello	PROPN
abr-152	68	10	,	,	PUNCT
abr-152	68	11	and	and	CCONJ
abr-152	68	12	raghunandan	raghunandan	PROPN
abr-152	68	13	(	(	PUNCT
abr-152	68	14	2006	2006	NUM
abr-152	68	15	)	)	PUNCT
abr-152	68	16	investigate	investigate	VERB
abr-152	68	17	the	the	DET
abr-152	68	18	characteristic	characteristic	NOUN
abr-152	68	19	of	of	ADP
abr-152	68	20	firms	firm	NOUN
abr-152	68	21	that	that	PRON
abr-152	68	22	issue	issue	VERB
abr-152	68	23	voluntary	voluntary	ADJ
abr-152	68	24	management	management	NOUN
abr-152	68	25	reports	report	NOUN
abr-152	68	26	on	on	ADP
abr-152	68	27	internal	internal	ADJ
abr-152	68	28	control	control	NOUN
abr-152	68	29	prior	prior	ADV
abr-152	68	30	to	to	ADP
abr-152	68	31	sox	sox	PROPN
abr-152	68	32	.	.	PUNCT
abr-152	69	1	these	these	DET
abr-152	69	2	firms	firm	NOUN
abr-152	69	3	voluntarily	voluntarily	ADV
abr-152	69	4	disclosed	disclose	VERB
abr-152	69	5	management	management	NOUN
abr-152	69	6	reports	report	NOUN
abr-152	69	7	on	on	ADP
abr-152	69	8	internal	internal	ADJ
abr-152	69	9	controls	control	NOUN
abr-152	69	10	to	to	PART
abr-152	69	11	state	state	NOUN
abr-152	69	12	explicitly	explicitly	ADV
abr-152	69	13	management	management	NOUN
abr-152	69	14	’s	’s	PART
abr-152	69	15	responsibility	responsibility	NOUN
abr-152	69	16	for	for	ADP
abr-152	69	17	internal	internal	ADJ
abr-152	69	18	control	control	NOUN
abr-152	69	19	,	,	PUNCT
abr-152	69	20	the	the	DET
abr-152	69	21	objectives	objective	NOUN
abr-152	69	22	of	of	ADP
abr-152	69	23	the	the	DET
abr-152	69	24	internal	internal	ADJ
abr-152	69	25	control	control	NOUN
abr-152	69	26	system	system	NOUN
abr-152	69	27	,	,	PUNCT
abr-152	69	28	and	and	CCONJ
abr-152	69	29	management	management	NOUN
abr-152	69	30	’s	’s	PART
abr-152	69	31	assessment	assessment	NOUN
abr-152	69	32	of	of	ADP
abr-152	69	33	the	the	DET
abr-152	69	34	effectiveness	effectiveness	NOUN
abr-152	69	35	of	of	ADP
abr-152	69	36	internal	internal	ADJ
abr-152	69	37	controls	control	NOUN
abr-152	69	38	(	(	PUNCT
abr-152	69	39	similar	similar	ADJ
abr-152	69	40	to	to	ADP
abr-152	69	41	the	the	DET
abr-152	69	42	requirements	requirement	NOUN
abr-152	69	43	under	under	ADP
abr-152	69	44	sox	sox	PROPN
abr-152	69	45	302	302	NUM
abr-152	69	46	and	and	CCONJ
abr-152	69	47	404	404	NUM
abr-152	69	48	)	)	PUNCT
abr-152	69	49	.	.	PUNCT
abr-152	70	1	the	the	DET
abr-152	70	2	disclosures	disclosure	NOUN
abr-152	70	3	are	be	AUX
abr-152	70	4	meant	mean	VERB
abr-152	70	5	to	to	PART
abr-152	70	6	reduce	reduce	VERB
abr-152	70	7	information	information	NOUN
abr-152	70	8	asymmetry	asymmetry	NOUN
abr-152	70	9	and	and	CCONJ
abr-152	70	10	reduce	reduce	VERB
abr-152	70	11	uncertainty	uncertainty	NOUN
abr-152	70	12	as	as	ADP
abr-152	70	13	to	to	ADP
abr-152	70	14	the	the	DET
abr-152	70	15	quality	quality	NOUN
abr-152	70	16	of	of	ADP
abr-152	70	17	the	the	DET
abr-152	70	18	firms	firm	NOUN
abr-152	70	19	’	’	PART
abr-152	70	20	financial	financial	ADJ
abr-152	70	21	information	information	NOUN
abr-152	70	22	.	.	PUNCT
abr-152	71	1	bronson	bronson	PROPN
abr-152	71	2	et	et	PROPN
abr-152	71	3	al	al	PROPN
abr-152	71	4	.	.	PROPN
abr-152	71	5	(	(	PUNCT
abr-152	71	6	2006	2006	NUM
abr-152	71	7	)	)	PUNCT
abr-152	71	8	also	also	ADV
abr-152	71	9	notes	note	VERB
abr-152	71	10	that	that	SCONJ
abr-152	71	11	there	there	PRON
abr-152	71	12	are	be	VERB
abr-152	71	13	costs	cost	NOUN
abr-152	71	14	associated	associate	VERB
abr-152	71	15	with	with	ADP
abr-152	71	16	voluntarily	voluntarily	ADV
abr-152	71	17	disclosing	disclose	VERB
abr-152	71	18	information	information	NOUN
abr-152	71	19	about	about	ADP
abr-152	71	20	firms	firm	NOUN
abr-152	71	21	’	'	PUNCT
abr-152	71	22	internal	internal	ADJ
abr-152	71	23	controls	control	NOUN
abr-152	71	24	.	.	PUNCT
abr-152	72	1	since	since	SCONJ
abr-152	72	2	the	the	DET
abr-152	72	3	disclosure	disclosure	NOUN
abr-152	72	4	is	be	AUX
abr-152	72	5	included	include	VERB
abr-152	72	6	in	in	ADP
abr-152	72	7	annual	annual	ADJ
abr-152	72	8	reports	report	NOUN
abr-152	72	9	,	,	PUNCT
abr-152	72	10	such	such	ADJ
abr-152	72	11	information	information	NOUN
abr-152	72	12	is	be	AUX
abr-152	72	13	subjected	subject	VERB
abr-152	72	14	to	to	ADP
abr-152	72	15	the	the	DET
abr-152	72	16	sec	sec	PROPN
abr-152	72	17	’s	’s	PART
abr-152	72	18	disclosure	disclosure	NOUN
abr-152	72	19	rules	rule	NOUN
abr-152	72	20	pertaining	pertain	VERB
abr-152	72	21	to	to	ADP
abr-152	72	22	the	the	DET
abr-152	72	23	firm	firm	NOUN
abr-152	72	24	’s	’s	PART
abr-152	72	25	10	10	NUM
abr-152	72	26	-	-	PUNCT
abr-152	72	27	k.	k.	NOUN
abr-152	72	28	thus	thus	ADV
abr-152	72	29	,	,	PUNCT
abr-152	72	30	the	the	DET
abr-152	72	31	management	management	NOUN
abr-152	72	32	’s	’s	PART
abr-152	72	33	assessment	assessment	NOUN
abr-152	72	34	on	on	ADP
abr-152	72	35	internal	internal	ADJ
abr-152	72	36	control	control	NOUN
abr-152	72	37	over	over	ADP
abr-152	72	38	financial	financial	ADJ
abr-152	72	39	reporting	reporting	NOUN
abr-152	72	40	can	can	AUX
abr-152	72	41	potentially	potentially	ADV
abr-152	72	42	expose	expose	VERB
abr-152	72	43	the	the	DET
abr-152	72	44	firm	firm	NOUN
abr-152	72	45	to	to	ADP
abr-152	72	46	additional	additional	ADJ
abr-152	72	47	legal	legal	ADJ
abr-152	72	48	obligations	obligation	NOUN
abr-152	72	49	.	.	PUNCT
abr-152	73	1	ashbaughskaife	ashbaughskaife	NOUN
abr-152	73	2	et	et	PROPN
abr-152	73	3	al	al	PROPN
abr-152	73	4	.	.	PROPN
abr-152	74	1	(	(	PUNCT
abr-152	74	2	2008	2008	NUM
abr-152	74	3	)	)	PUNCT
abr-152	74	4	examine	examine	VERB
abr-152	74	5	the	the	DET
abr-152	74	6	characteristics	characteristic	NOUN
abr-152	74	7	of	of	ADP
abr-152	74	8	firms	firm	NOUN
abr-152	74	9	that	that	PRON
abr-152	74	10	disclose	disclose	VERB
abr-152	74	11	internal	internal	ADJ
abr-152	74	12	control	control	NOUN
abr-152	74	13	deficiencies	deficiency	NOUN
abr-152	74	14	.	.	PUNCT
abr-152	75	1	their	their	PRON
abr-152	75	2	study	study	NOUN
abr-152	75	3	differs	differ	VERB
abr-152	75	4	from	from	ADP
abr-152	75	5	bronson	bronson	PROPN
abr-152	75	6	et	et	PROPN
abr-152	75	7	al	al	PROPN
abr-152	75	8	.	.	PROPN
abr-152	76	1	(	(	PUNCT
abr-152	76	2	2006	2006	NUM
abr-152	76	3	)	)	PUNCT
abr-152	76	4	in	in	SCONJ
abr-152	76	5	that	that	SCONJ
abr-152	76	6	their	their	PRON
abr-152	76	7	focus	focus	NOUN
abr-152	76	8	is	be	AUX
abr-152	76	9	on	on	ADP
abr-152	76	10	firms	firm	NOUN
abr-152	76	11	that	that	PRON
abr-152	76	12	voluntarily	voluntarily	ADV
abr-152	76	13	disclose	disclose	VERB
abr-152	76	14	internal	internal	ADJ
abr-152	76	15	control	control	NOUN
abr-152	76	16	deficiencies	deficiency	NOUN
abr-152	76	17	instead	instead	ADV
abr-152	76	18	of	of	ADP
abr-152	76	19	a	a	DET
abr-152	76	20	general	general	ADJ
abr-152	76	21	assessment	assessment	NOUN
abr-152	76	22	of	of	ADP
abr-152	76	23	internal	internal	ADJ
abr-152	76	24	controls	control	NOUN
abr-152	76	25	over	over	ADP
abr-152	76	26	financial	financial	ADJ
abr-152	76	27	reporting	reporting	NOUN
abr-152	76	28	.	.	PUNCT
abr-152	77	1	specifically	specifically	ADV
abr-152	77	2	,	,	PUNCT
abr-152	77	3	ashbaugh	ashbaugh	NOUN
abr-152	77	4	-	-	PUNCT
abr-152	77	5	skaife	skaife	NOUN
abr-152	77	6	et	et	PROPN
abr-152	77	7	al	al	PROPN
abr-152	77	8	.	.	PUNCT
abr-152	78	1	(	(	PUNCT
abr-152	78	2	2008	2008	NUM
abr-152	78	3	)	)	PUNCT
abr-152	78	4	suggest	suggest	VERB
abr-152	78	5	that	that	SCONJ
abr-152	78	6	the	the	DET
abr-152	78	7	incentive	incentive	NOUN
abr-152	78	8	to	to	PART
abr-152	78	9	disclose	disclose	VERB
abr-152	78	10	internal	internal	ADJ
abr-152	78	11	control	control	NOUN
abr-152	78	12	deficiency	deficiency	NOUN
abr-152	78	13	allows	allow	VERB
abr-152	78	14	management	management	NOUN
abr-152	78	15	“	"	PUNCT
abr-152	78	16	get	get	VERB
abr-152	78	17	in	in	ADP
abr-152	78	18	front	front	NOUN
abr-152	78	19	of	of	ADP
abr-152	78	20	the	the	DET
abr-152	78	21	issues	issue	NOUN
abr-152	78	22	”	"	PUNCT
abr-152	78	23	or	or	CCONJ
abr-152	78	24	to	to	PART
abr-152	78	25	signal	signal	VERB
abr-152	78	26	to	to	ADP
abr-152	78	27	the	the	DET
abr-152	78	28	market	market	NOUN
abr-152	78	29	that	that	SCONJ
abr-152	78	30	the	the	DET
abr-152	78	31	deficiency	deficiency	NOUN
abr-152	78	32	has	have	AUX
abr-152	78	33	been	be	AUX
abr-152	78	34	acknowledged	acknowledge	VERB
abr-152	78	35	1	1	NUM
abr-152	78	36	defined	define	VERB
abr-152	78	37	as	as	ADP
abr-152	78	38	disclosure	disclosure	NOUN
abr-152	78	39	under	under	ADP
abr-152	78	40	sox	sox	PROPN
abr-152	78	41	302	302	NUM
abr-152	78	42	ipo	ipo	NOUN
abr-152	78	43	firms	firm	NOUN
abr-152	78	44	and	and	CCONJ
abr-152	78	45	sox	sox	PROPN
abr-152	78	46	404	404	NUM
abr-152	78	47	compliance	compliance	NOUN
abr-152	78	48	18	18	NUM
abr-152	78	49	before	before	ADP
abr-152	78	50	more	more	ADJ
abr-152	78	51	serious	serious	ADJ
abr-152	78	52	problems	problem	NOUN
abr-152	78	53	,	,	PUNCT
abr-152	78	54	such	such	ADJ
abr-152	78	55	as	as	ADP
abr-152	78	56	restatement	restatement	NOUN
abr-152	78	57	occur	occur	VERB
abr-152	78	58	.	.	PUNCT
abr-152	79	1	at	at	ADP
abr-152	79	2	the	the	DET
abr-152	79	3	same	same	ADJ
abr-152	79	4	time	time	NOUN
abr-152	79	5	,	,	PUNCT
abr-152	79	6	disclosing	disclose	VERB
abr-152	79	7	internal	internal	ADJ
abr-152	79	8	control	control	NOUN
abr-152	79	9	deficiency	deficiency	NOUN
abr-152	79	10	is	be	AUX
abr-152	79	11	not	not	PART
abr-152	79	12	without	without	ADP
abr-152	79	13	costs	cost	NOUN
abr-152	79	14	.	.	PUNCT
abr-152	80	1	disclosing	disclose	VERB
abr-152	80	2	internal	internal	ADJ
abr-152	80	3	control	control	NOUN
abr-152	80	4	deficiencies	deficiency	NOUN
abr-152	80	5	may	may	AUX
abr-152	80	6	damage	damage	VERB
abr-152	80	7	management	management	NOUN
abr-152	80	8	’s	’s	PART
abr-152	80	9	reputation	reputation	NOUN
abr-152	80	10	and	and	CCONJ
abr-152	80	11	investors	investor	NOUN
abr-152	80	12	may	may	AUX
abr-152	80	13	also	also	ADV
abr-152	80	14	question	question	VERB
abr-152	80	15	the	the	DET
abr-152	80	16	reliability	reliability	NOUN
abr-152	80	17	of	of	ADP
abr-152	80	18	the	the	DET
abr-152	80	19	firms	firm	NOUN
abr-152	80	20	’	’	PART
abr-152	80	21	financial	financial	ADJ
abr-152	80	22	statements	statement	NOUN
abr-152	80	23	.	.	PUNCT
abr-152	81	1	ipo	ipo	PROPN
abr-152	81	2	underpricing	underpricing	NOUN
abr-152	81	3	and	and	CCONJ
abr-152	81	4	voluntary	voluntary	ADJ
abr-152	81	5	compliance	compliance	NOUN
abr-152	81	6	with	with	ADP
abr-152	81	7	sox	sox	PROPN
abr-152	81	8	404	404	NUM
abr-152	81	9	models	model	NOUN
abr-152	81	10	of	of	ADP
abr-152	81	11	asymmetric	asymmetric	ADJ
abr-152	81	12	information	information	NOUN
abr-152	81	13	by	by	ADP
abr-152	81	14	rock	rock	NOUN
abr-152	81	15	(	(	PUNCT
abr-152	81	16	1986	1986	NUM
abr-152	81	17	)	)	PUNCT
abr-152	81	18	and	and	CCONJ
abr-152	81	19	welch	welch	PROPN
abr-152	81	20	(	(	PUNCT
abr-152	81	21	1996	1996	NUM
abr-152	81	22	)	)	PUNCT
abr-152	81	23	indicate	indicate	VERB
abr-152	81	24	that	that	SCONJ
abr-152	81	25	the	the	DET
abr-152	81	26	information	information	NOUN
abr-152	81	27	asymmetry	asymmetry	NOUN
abr-152	81	28	between	between	ADP
abr-152	81	29	issuers	issuer	NOUN
abr-152	81	30	and	and	CCONJ
abr-152	81	31	investors	investor	NOUN
abr-152	81	32	is	be	AUX
abr-152	81	33	pronounced	pronounce	VERB
abr-152	81	34	during	during	ADP
abr-152	81	35	the	the	DET
abr-152	81	36	ipo	ipo	NOUN
abr-152	81	37	process	process	NOUN
abr-152	81	38	,	,	PUNCT
abr-152	81	39	and	and	CCONJ
abr-152	81	40	that	that	SCONJ
abr-152	81	41	this	this	DET
abr-152	81	42	information	information	NOUN
abr-152	81	43	asymmetry	asymmetry	NOUN
abr-152	81	44	is	be	AUX
abr-152	81	45	“	"	PUNCT
abr-152	81	46	priced	price	VERB
abr-152	81	47	”	"	PUNCT
abr-152	81	48	by	by	ADP
abr-152	81	49	the	the	DET
abr-152	81	50	market	market	NOUN
abr-152	81	51	when	when	SCONJ
abr-152	81	52	it	it	PRON
abr-152	81	53	extracts	extract	VERB
abr-152	81	54	a	a	DET
abr-152	81	55	percentage	percentage	NOUN
abr-152	81	56	of	of	ADP
abr-152	81	57	the	the	DET
abr-152	81	58	issue	issue	NOUN
abr-152	81	59	value	value	NOUN
abr-152	81	60	in	in	ADP
abr-152	81	61	the	the	DET
abr-152	81	62	first	first	ADJ
abr-152	81	63	day	day	NOUN
abr-152	81	64	of	of	ADP
abr-152	81	65	trading	trading	NOUN
abr-152	81	66	(	(	PUNCT
abr-152	81	67	underpricing	underprice	VERB
abr-152	81	68	)	)	PUNCT
abr-152	81	69	.	.	PUNCT
abr-152	82	1	the	the	PRON
abr-152	82	2	greater	great	ADJ
abr-152	82	3	the	the	DET
abr-152	82	4	ex	ex	NOUN
abr-152	82	5	-	-	NOUN
abr-152	82	6	ante	ante	ADJ
abr-152	82	7	uncertainty	uncertainty	NOUN
abr-152	82	8	regarding	regard	VERB
abr-152	82	9	the	the	DET
abr-152	82	10	issue	issue	NOUN
abr-152	82	11	,	,	PUNCT
abr-152	82	12	the	the	PRON
abr-152	82	13	greater	great	ADJ
abr-152	82	14	the	the	DET
abr-152	82	15	first	first	ADJ
abr-152	82	16	day	day	NOUN
abr-152	82	17	return	return	NOUN
abr-152	82	18	to	to	ADP
abr-152	82	19	those	those	PRON
abr-152	82	20	who	who	PRON
abr-152	82	21	buy	buy	VERB
abr-152	82	22	the	the	DET
abr-152	82	23	issue	issue	NOUN
abr-152	82	24	at	at	ADP
abr-152	82	25	the	the	DET
abr-152	82	26	ipo	ipo	NOUN
abr-152	82	27	price	price	NOUN
abr-152	82	28	.	.	PUNCT
abr-152	83	1	thus	thus	ADV
abr-152	83	2	,	,	PUNCT
abr-152	83	3	ipo	ipo	NOUN
abr-152	83	4	underpricing	underprice	VERB
abr-152	83	5	proxies	proxy	NOUN
abr-152	83	6	for	for	ADP
abr-152	83	7	investors	investor	NOUN
abr-152	83	8	’	’	PART
abr-152	83	9	perception	perception	NOUN
abr-152	83	10	of	of	ADP
abr-152	83	11	the	the	DET
abr-152	83	12	riskiness	riskiness	NOUN
abr-152	83	13	of	of	ADP
abr-152	83	14	an	an	DET
abr-152	83	15	ipo	ipo	NOUN
abr-152	83	16	.	.	PUNCT
abr-152	84	1	investors	investor	NOUN
abr-152	84	2	are	be	AUX
abr-152	84	3	more	more	ADV
abr-152	84	4	likely	likely	ADJ
abr-152	84	5	to	to	PART
abr-152	84	6	pay	pay	VERB
abr-152	84	7	a	a	DET
abr-152	84	8	premium	premium	NOUN
abr-152	84	9	(	(	PUNCT
abr-152	84	10	thus	thus	ADV
abr-152	84	11	less	less	ADV
abr-152	84	12	underpricing	underpricing	NOUN
abr-152	84	13	)	)	PUNCT
abr-152	84	14	for	for	ADP
abr-152	84	15	firms	firm	NOUN
abr-152	84	16	with	with	ADP
abr-152	84	17	higher	high	ADJ
abr-152	84	18	‘	'	PUNCT
abr-152	84	19	perceived	perceive	VERB
abr-152	84	20	’	'	PUNCT
abr-152	84	21	quality	quality	NOUN
abr-152	84	22	,	,	PUNCT
abr-152	84	23	and	and	CCONJ
abr-152	84	24	lower	low	ADJ
abr-152	84	25	risk	risk	NOUN
abr-152	84	26	.	.	PUNCT
abr-152	85	1	in	in	ADP
abr-152	85	2	the	the	DET
abr-152	85	3	case	case	NOUN
abr-152	85	4	of	of	ADP
abr-152	85	5	ipos	ipos	NOUN
abr-152	85	6	,	,	PUNCT
abr-152	85	7	firms	firm	NOUN
abr-152	85	8	have	have	VERB
abr-152	85	9	incentives	incentive	NOUN
abr-152	85	10	to	to	PART
abr-152	85	11	(	(	PUNCT
abr-152	85	12	voluntarily	voluntarily	ADV
abr-152	85	13	)	)	PUNCT
abr-152	85	14	be	be	AUX
abr-152	85	15	complaint	complaint	VERB
abr-152	85	16	with	with	ADP
abr-152	85	17	sox404	sox404	NOUN
abr-152	85	18	only	only	ADV
abr-152	85	19	if	if	SCONJ
abr-152	85	20	the	the	DET
abr-152	85	21	benefit	benefit	NOUN
abr-152	85	22	exceeds	exceed	VERB
abr-152	85	23	the	the	DET
abr-152	85	24	compliance	compliance	NOUN
abr-152	85	25	cost	cost	NOUN
abr-152	85	26	.	.	PUNCT
abr-152	86	1	prior	prior	ADJ
abr-152	86	2	studies	study	NOUN
abr-152	86	3	suggest	suggest	VERB
abr-152	86	4	that	that	SCONJ
abr-152	86	5	firms	firm	NOUN
abr-152	86	6	engaging	engage	VERB
abr-152	86	7	in	in	ADP
abr-152	86	8	ipos	ipos	NOUN
abr-152	86	9	use	use	VERB
abr-152	86	10	a	a	DET
abr-152	86	11	range	range	NOUN
abr-152	86	12	of	of	ADP
abr-152	86	13	signaling	signal	VERB
abr-152	86	14	mechanisms	mechanism	NOUN
abr-152	86	15	(	(	PUNCT
abr-152	86	16	e.g.	e.g.	ADV
abr-152	86	17	auditor	auditor	NOUN
abr-152	86	18	and	and	CCONJ
abr-152	86	19	underwriter	underwriter	NOUN
abr-152	86	20	reputation	reputation	NOUN
abr-152	86	21	,	,	PUNCT
abr-152	86	22	management	management	NOUN
abr-152	86	23	ownership	ownership	NOUN
abr-152	86	24	,	,	PUNCT
abr-152	86	25	direct	direct	ADJ
abr-152	86	26	disclosures	disclosure	NOUN
abr-152	86	27	related	relate	VERB
abr-152	86	28	to	to	ADP
abr-152	86	29	governance	governance	NOUN
abr-152	86	30	and	and	CCONJ
abr-152	86	31	operations	operation	NOUN
abr-152	86	32	,	,	PUNCT
abr-152	86	33	and	and	CCONJ
abr-152	86	34	earnings	earning	NOUN
abr-152	86	35	guidance	guidance	NOUN
abr-152	86	36	)	)	PUNCT
abr-152	86	37	to	to	PART
abr-152	86	38	communicate	communicate	VERB
abr-152	86	39	private	private	ADJ
abr-152	86	40	information	information	NOUN
abr-152	86	41	to	to	ADP
abr-152	86	42	outside	outside	ADJ
abr-152	86	43	investors	investor	NOUN
abr-152	86	44	and	and	CCONJ
abr-152	86	45	reduce	reduce	VERB
abr-152	86	46	uncertainty	uncertainty	NOUN
abr-152	86	47	about	about	ADP
abr-152	86	48	the	the	DET
abr-152	86	49	firm	firm	NOUN
abr-152	86	50	’s	’s	PART
abr-152	86	51	value	value	NOUN
abr-152	86	52	,	,	PUNCT
abr-152	86	53	in	in	ADP
abr-152	86	54	an	an	DET
abr-152	86	55	attempt	attempt	NOUN
abr-152	86	56	to	to	PART
abr-152	86	57	reduce	reduce	VERB
abr-152	86	58	underpricing	underprice	VERB
abr-152	86	59	and	and	CCONJ
abr-152	86	60	leave	leave	VERB
abr-152	86	61	less	less	ADJ
abr-152	86	62	money	money	NOUN
abr-152	86	63	on	on	ADP
abr-152	86	64	the	the	DET
abr-152	86	65	table	table	NOUN
abr-152	86	66	in	in	ADP
abr-152	86	67	the	the	DET
abr-152	86	68	ipo	ipo	NOUN
abr-152	86	69	process	process	NOUN
abr-152	86	70	.	.	PUNCT
abr-152	87	1	signaling	signal	VERB
abr-152	87	2	theory	theory	NOUN
abr-152	87	3	,	,	PUNCT
abr-152	87	4	as	as	SCONJ
abr-152	87	5	it	it	PRON
abr-152	87	6	pertains	pertain	VERB
abr-152	87	7	to	to	ADP
abr-152	87	8	ipos	ipos	NOUN
abr-152	87	9	,	,	PUNCT
abr-152	87	10	indicates	indicate	VERB
abr-152	87	11	that	that	SCONJ
abr-152	87	12	“	"	PUNCT
abr-152	87	13	certifying	certify	VERB
abr-152	87	14	agents	agent	NOUN
abr-152	87	15	”	"	PUNCT
abr-152	87	16	may	may	AUX
abr-152	87	17	provide	provide	VERB
abr-152	87	18	information	information	NOUN
abr-152	87	19	to	to	ADP
abr-152	87	20	the	the	DET
abr-152	87	21	market	market	NOUN
abr-152	87	22	that	that	PRON
abr-152	87	23	reduces	reduce	VERB
abr-152	87	24	perceived	perceive	VERB
abr-152	87	25	information	information	NOUN
abr-152	87	26	asymmetry	asymmetry	NOUN
abr-152	87	27	,	,	PUNCT
abr-152	87	28	and	and	CCONJ
abr-152	87	29	thus	thus	ADV
abr-152	87	30	,	,	PUNCT
abr-152	87	31	risk	risk	NOUN
abr-152	87	32	,	,	PUNCT
abr-152	87	33	in	in	ADP
abr-152	87	34	the	the	DET
abr-152	87	35	ipo	ipo	NOUN
abr-152	87	36	process	process	NOUN
abr-152	87	37	(	(	PUNCT
abr-152	87	38	booth	booth	NOUN
abr-152	87	39	and	and	CCONJ
abr-152	87	40	smith	smith	PROPN
abr-152	87	41	1986	1986	NUM
abr-152	87	42	;	;	PUNCT
abr-152	87	43	megginson	megginson	PROPN
abr-152	87	44	and	and	CCONJ
abr-152	87	45	weiss	weiss	PROPN
abr-152	87	46	1991	1991	NUM
abr-152	87	47	)	)	PUNCT
abr-152	87	48	.	.	PUNCT
abr-152	88	1	underwriter	underwriter	NOUN
abr-152	88	2	and	and	CCONJ
abr-152	88	3	venture	venture	NOUN
abr-152	88	4	capital	capital	NOUN
abr-152	88	5	reputation	reputation	NOUN
abr-152	88	6	may	may	AUX
abr-152	88	7	also	also	ADV
abr-152	88	8	signal	signal	VERB
abr-152	88	9	the	the	DET
abr-152	88	10	quality	quality	NOUN
abr-152	88	11	of	of	ADP
abr-152	88	12	ipo	ipo	NOUN
abr-152	88	13	firms	firm	NOUN
abr-152	88	14	.	.	PUNCT
abr-152	89	1	higher	high	ADJ
abr-152	89	2	quality	quality	NOUN
abr-152	89	3	investment	investment	NOUN
abr-152	89	4	banks	bank	NOUN
abr-152	89	5	are	be	AUX
abr-152	89	6	unwilling	unwilling	ADJ
abr-152	89	7	to	to	PART
abr-152	89	8	risk	risk	VERB
abr-152	89	9	reputational	reputational	ADJ
abr-152	89	10	capital	capital	NOUN
abr-152	89	11	in	in	ADP
abr-152	89	12	the	the	DET
abr-152	89	13	market	market	NOUN
abr-152	89	14	by	by	ADP
abr-152	89	15	underwriting	underwrite	VERB
abr-152	89	16	weaker	weak	ADJ
abr-152	89	17	issues	issue	NOUN
abr-152	89	18	(	(	PUNCT
abr-152	89	19	loughran	loughran	NOUN
abr-152	89	20	and	and	CCONJ
abr-152	89	21	ritter	ritter	NOUN
abr-152	89	22	1997	1997	NUM
abr-152	89	23	)	)	PUNCT
abr-152	89	24	.	.	PUNCT
abr-152	90	1	barry	barry	PROPN
abr-152	90	2	,	,	PUNCT
abr-152	90	3	muscarella	muscarella	PROPN
abr-152	90	4	,	,	PUNCT
abr-152	90	5	peavy	peavy	PROPN
abr-152	90	6	,	,	PUNCT
abr-152	90	7	and	and	CCONJ
abr-152	90	8	vetsuypens	vetsuypen	NOUN
abr-152	90	9	(	(	PUNCT
abr-152	90	10	1990	1990	NUM
abr-152	90	11	)	)	PUNCT
abr-152	90	12	and	and	CCONJ
abr-152	90	13	megginson	megginson	PROPN
abr-152	90	14	and	and	CCONJ
abr-152	90	15	weiss	weiss	PROPN
abr-152	90	16	(	(	PUNCT
abr-152	90	17	1991	1991	NUM
abr-152	90	18	)	)	PUNCT
abr-152	90	19	argue	argue	VERB
abr-152	90	20	that	that	SCONJ
abr-152	90	21	venture	venture	NOUN
abr-152	90	22	capital	capital	NOUN
abr-152	90	23	firms	firm	NOUN
abr-152	90	24	similarly	similarly	ADV
abr-152	90	25	provide	provide	VERB
abr-152	90	26	a	a	DET
abr-152	90	27	“	"	PUNCT
abr-152	90	28	certification	certification	NOUN
abr-152	90	29	effect	effect	NOUN
abr-152	90	30	,	,	PUNCT
abr-152	90	31	”	"	PUNCT
abr-152	90	32	in	in	SCONJ
abr-152	90	33	that	that	SCONJ
abr-152	90	34	they	they	PRON
abr-152	90	35	will	will	AUX
abr-152	90	36	only	only	ADV
abr-152	90	37	take	take	VERB
abr-152	90	38	an	an	DET
abr-152	90	39	equity	equity	NOUN
abr-152	90	40	stake	stake	NOUN
abr-152	90	41	in	in	ADP
abr-152	90	42	a	a	DET
abr-152	90	43	firm	firm	NOUN
abr-152	90	44	whose	whose	DET
abr-152	90	45	cash	cash	NOUN
abr-152	90	46	flow	flow	NOUN
abr-152	90	47	prospects	prospect	NOUN
abr-152	90	48	they	they	PRON
abr-152	90	49	view	view	VERB
abr-152	90	50	positively	positively	ADV
abr-152	90	51	,	,	PUNCT
abr-152	90	52	thereby	thereby	ADV
abr-152	90	53	reducing	reduce	VERB
abr-152	90	54	perceived	perceive	VERB
abr-152	90	55	risk	risk	NOUN
abr-152	90	56	.	.	PUNCT
abr-152	91	1	however	however	ADV
abr-152	91	2	,	,	PUNCT
abr-152	91	3	gompers	gomper	NOUN
abr-152	91	4	(	(	PUNCT
abr-152	91	5	1996	1996	NUM
abr-152	91	6	)	)	PUNCT
abr-152	91	7	argues	argue	VERB
abr-152	91	8	that	that	SCONJ
abr-152	91	9	venture	venture	NOUN
abr-152	91	10	capital	capital	NOUN
abr-152	91	11	firms	firm	NOUN
abr-152	91	12	may	may	AUX
abr-152	91	13	“	"	PUNCT
abr-152	91	14	grandstand	grandstand	VERB
abr-152	91	15	”	"	PUNCT
abr-152	91	16	and	and	CCONJ
abr-152	91	17	bring	bring	VERB
abr-152	91	18	firms	firm	NOUN
abr-152	91	19	to	to	ADP
abr-152	91	20	the	the	DET
abr-152	91	21	market	market	NOUN
abr-152	91	22	too	too	ADV
abr-152	91	23	early	early	ADV
abr-152	91	24	,	,	PUNCT
abr-152	91	25	and	and	CCONJ
abr-152	91	26	francis	francis	PROPN
abr-152	91	27	and	and	CCONJ
abr-152	91	28	hasan	hasan	PROPN
abr-152	91	29	(	(	PUNCT
abr-152	91	30	2001	2001	NUM
abr-152	91	31	)	)	PUNCT
abr-152	91	32	find	find	VERB
abr-152	91	33	that	that	SCONJ
abr-152	91	34	firms	firm	NOUN
abr-152	91	35	with	with	ADP
abr-152	91	36	venture	venture	NOUN
abr-152	91	37	capital	capital	NOUN
abr-152	91	38	backing	backing	NOUN
abr-152	91	39	experience	experience	NOUN
abr-152	91	40	greater	great	ADJ
abr-152	91	41	underpricing	underpricing	NOUN
abr-152	91	42	than	than	ADP
abr-152	91	43	those	those	PRON
abr-152	91	44	without	without	ADP
abr-152	91	45	.	.	PUNCT
abr-152	92	1	the	the	DET
abr-152	92	2	accounting	accounting	NOUN
abr-152	92	3	literature	literature	NOUN
abr-152	92	4	investigates	investigate	VERB
abr-152	92	5	the	the	DET
abr-152	92	6	role	role	NOUN
abr-152	92	7	of	of	ADP
abr-152	92	8	the	the	DET
abr-152	92	9	auditor	auditor	NOUN
abr-152	92	10	as	as	ADP
abr-152	92	11	the	the	DET
abr-152	92	12	“	"	PUNCT
abr-152	92	13	certifying	certify	VERB
abr-152	92	14	agent	agent	NOUN
abr-152	92	15	.	.	PUNCT
abr-152	92	16	”	"	PUNCT
abr-152	93	1	auditor	auditor	NOUN
abr-152	93	2	reputation	reputation	NOUN
abr-152	93	3	(	(	PUNCT
abr-152	93	4	as	as	ADP
abr-152	93	5	a	a	DET
abr-152	93	6	proxy	proxy	NOUN
abr-152	93	7	for	for	ADP
abr-152	93	8	auditor	auditor	NOUN
abr-152	93	9	quality	quality	NOUN
abr-152	93	10	)	)	PUNCT
abr-152	93	11	is	be	AUX
abr-152	93	12	often	often	ADV
abr-152	93	13	viewed	view	VERB
abr-152	93	14	as	as	ADP
abr-152	93	15	a	a	DET
abr-152	93	16	means	mean	NOUN
abr-152	93	17	by	by	ADP
abr-152	93	18	which	which	PRON
abr-152	93	19	to	to	PART
abr-152	93	20	signal	signal	VERB
abr-152	93	21	the	the	DET
abr-152	93	22	credibility	credibility	NOUN
abr-152	93	23	of	of	ADP
abr-152	93	24	firms	firm	NOUN
abr-152	93	25	’	’	PART
abr-152	93	26	financial	financial	ADJ
abr-152	93	27	information	information	NOUN
abr-152	93	28	.	.	PUNCT
abr-152	94	1	prior	prior	ADJ
abr-152	94	2	studies	study	NOUN
abr-152	94	3	provide	provide	VERB
abr-152	94	4	evidence	evidence	NOUN
abr-152	94	5	showing	show	VERB
abr-152	94	6	that	that	SCONJ
abr-152	94	7	ipo	ipo	NOUN
abr-152	94	8	firms	firm	NOUN
abr-152	94	9	are	be	AUX
abr-152	94	10	willing	willing	ADJ
abr-152	94	11	to	to	PART
abr-152	94	12	employ	employ	VERB
abr-152	94	13	reputable	reputable	ADJ
abr-152	94	14	auditors	auditor	NOUN
abr-152	94	15	in	in	ADP
abr-152	94	16	an	an	DET
abr-152	94	17	attempt	attempt	NOUN
abr-152	94	18	to	to	PART
abr-152	94	19	signal	signal	VERB
abr-152	94	20	the	the	DET
abr-152	94	21	quality	quality	NOUN
abr-152	94	22	of	of	ADP
abr-152	94	23	the	the	DET
abr-152	94	24	ipo	ipo	NOUN
abr-152	94	25	,	,	PUNCT
abr-152	94	26	and	and	CCONJ
abr-152	94	27	reduce	reduce	VERB
abr-152	94	28	ipo	ipo	NOUN
abr-152	94	29	underpricing	underpricing	NOUN
abr-152	94	30	.	.	PUNCT
abr-152	95	1	titman	titman	NOUN
abr-152	95	2	and	and	CCONJ
abr-152	95	3	trueman	trueman	NOUN
abr-152	95	4	(	(	PUNCT
abr-152	95	5	1986	1986	NUM
abr-152	95	6	)	)	PUNCT
abr-152	95	7	and	and	CCONJ
abr-152	95	8	michaely	michaely	ADV
abr-152	95	9	and	and	CCONJ
abr-152	95	10	shaw	shaw	PROPN
abr-152	95	11	(	(	PUNCT
abr-152	95	12	1995	1995	NUM
abr-152	95	13	)	)	PUNCT
abr-152	95	14	are	be	AUX
abr-152	95	15	among	among	ADP
abr-152	95	16	the	the	DET
abr-152	95	17	first	first	ADJ
abr-152	95	18	to	to	PART
abr-152	95	19	suggest	suggest	VERB
abr-152	95	20	auditor	auditor	NOUN
abr-152	95	21	reputation	reputation	NOUN
abr-152	95	22	as	as	ADP
abr-152	95	23	a	a	DET
abr-152	95	24	signaling	signal	VERB
abr-152	95	25	mechanism	mechanism	NOUN
abr-152	95	26	for	for	ADP
abr-152	95	27	ipo	ipo	NOUN
abr-152	95	28	firms	firm	NOUN
abr-152	95	29	.	.	PUNCT
abr-152	96	1	they	they	PRON
abr-152	96	2	suggest	suggest	VERB
abr-152	96	3	that	that	SCONJ
abr-152	96	4	high	high	ADJ
abr-152	96	5	quality	quality	NOUN
abr-152	96	6	auditors	auditor	NOUN
abr-152	96	7	are	be	AUX
abr-152	96	8	more	more	ADV
abr-152	96	9	likely	likely	ADJ
abr-152	96	10	to	to	PART
abr-152	96	11	detect	detect	VERB
abr-152	96	12	and	and	CCONJ
abr-152	96	13	disclose	disclose	VERB
abr-152	96	14	adverse	adverse	ADJ
abr-152	96	15	financial	financial	ADJ
abr-152	96	16	information	information	NOUN
abr-152	96	17	about	about	ADP
abr-152	96	18	issuing	issue	VERB
abr-152	96	19	firms	firm	NOUN
abr-152	96	20	.	.	PUNCT
abr-152	97	1	thus	thus	ADV
abr-152	97	2	,	,	PUNCT
abr-152	97	3	ipo	ipo	NOUN
abr-152	97	4	firms	firm	NOUN
abr-152	97	5	with	with	ADP
abr-152	97	6	favorable	favorable	ADJ
abr-152	97	7	information	information	NOUN
abr-152	97	8	have	have	VERB
abr-152	97	9	an	an	DET
abr-152	97	10	incentive	incentive	NOUN
abr-152	97	11	to	to	PART
abr-152	97	12	hire	hire	VERB
abr-152	97	13	reputable	reputable	ADJ
abr-152	97	14	auditors	auditor	NOUN
abr-152	97	15	to	to	PART
abr-152	97	16	convey	convey	VERB
abr-152	97	17	this	this	DET
abr-152	97	18	information	information	NOUN
abr-152	97	19	to	to	ADP
abr-152	97	20	the	the	DET
abr-152	97	21	market	market	NOUN
abr-152	97	22	.	.	PUNCT
abr-152	98	1	beatty	beatty	PROPN
abr-152	98	2	(	(	PUNCT
abr-152	98	3	1989	1989	NUM
abr-152	98	4	)	)	PUNCT
abr-152	98	5	empirically	empirically	ADV
abr-152	98	6	tests	test	VERB
abr-152	98	7	the	the	DET
abr-152	98	8	link	link	NOUN
abr-152	98	9	between	between	ADP
abr-152	98	10	auditor	auditor	NOUN
abr-152	98	11	reputation	reputation	NOUN
abr-152	98	12	and	and	CCONJ
abr-152	98	13	ipo	ipo	NOUN
abr-152	98	14	underpricing	underpricing	NOUN
abr-152	98	15	.	.	PUNCT
abr-152	99	1	using	use	VERB
abr-152	99	2	a	a	DET
abr-152	99	3	big	big	ADJ
abr-152	99	4	eight	eight	NUM
abr-152	99	5	/	/	SYM
abr-152	99	6	non	non	ADJ
abr-152	99	7	-	-	ADJ
abr-152	99	8	big	big	ADJ
abr-152	99	9	eight	eight	NUM
abr-152	99	10	classification	classification	NOUN
abr-152	99	11	and	and	CCONJ
abr-152	99	12	audit	audit	NOUN
abr-152	99	13	fees	fee	NOUN
abr-152	99	14	as	as	ADP
abr-152	99	15	proxies	proxy	NOUN
abr-152	99	16	for	for	ADP
abr-152	99	17	auditor	auditor	NOUN
abr-152	99	18	reputation	reputation	NOUN
abr-152	99	19	,	,	PUNCT
abr-152	99	20	he	he	PRON
abr-152	99	21	shows	show	VERB
abr-152	99	22	that	that	SCONJ
abr-152	99	23	hiring	hire	VERB
abr-152	99	24	a	a	DET
abr-152	99	25	reputable	reputable	ADJ
abr-152	99	26	auditor	auditor	NOUN
abr-152	99	27	reduces	reduce	VERB
abr-152	99	28	underpricing	underprice	VERB
abr-152	99	29	for	for	ADP
abr-152	99	30	ipo	ipo	NOUN
abr-152	99	31	firms	firm	NOUN
abr-152	99	32	.	.	PUNCT
abr-152	100	1	menon	menon	PROPN
abr-152	100	2	and	and	CCONJ
abr-152	100	3	williams	williams	PROPN
abr-152	100	4	(	(	PUNCT
abr-152	100	5	1991	1991	NUM
abr-152	100	6	)	)	PUNCT
abr-152	100	7	test	test	VERB
abr-152	100	8	the	the	DET
abr-152	100	9	auditor	auditor	NOUN
abr-152	100	10	credibility	credibility	NOUN
abr-152	100	11	hypothesis	hypothesis	NOUN
abr-152	100	12	,	,	PUNCT
abr-152	100	13	which	which	PRON
abr-152	100	14	suggests	suggest	VERB
abr-152	100	15	that	that	SCONJ
abr-152	100	16	investors	investor	NOUN
abr-152	100	17	are	be	AUX
abr-152	100	18	willing	willing	ADJ
abr-152	100	19	to	to	PART
abr-152	100	20	pay	pay	VERB
abr-152	100	21	a	a	DET
abr-152	100	22	premium	premium	NOUN
abr-152	100	23	for	for	ADP
abr-152	100	24	ipo	ipo	NOUN
abr-152	100	25	firms	firm	NOUN
abr-152	100	26	with	with	ADP
abr-152	100	27	credible	credible	ADJ
abr-152	100	28	auditors	auditor	NOUN
abr-152	100	29	.	.	PUNCT
abr-152	101	1	they	they	PRON
abr-152	101	2	examine	examine	VERB
abr-152	101	3	auditor	auditor	NOUN
abr-152	101	4	changes	change	NOUN
abr-152	101	5	prior	prior	ADV
abr-152	101	6	to	to	ADP
abr-152	101	7	ipos	ipos	NOUN
abr-152	101	8	,	,	PUNCT
abr-152	101	9	and	and	CCONJ
abr-152	101	10	the	the	DET
abr-152	101	11	association	association	NOUN
abr-152	101	12	between	between	ADP
abr-152	101	13	fees	fee	NOUN
abr-152	101	14	charged	charge	VERB
abr-152	101	15	by	by	ADP
abr-152	101	16	underwriters	underwriter	NOUN
abr-152	101	17	and	and	CCONJ
abr-152	101	18	auditor	auditor	NOUN
abr-152	101	19	credibility	credibility	NOUN
abr-152	101	20	.	.	PUNCT
abr-152	102	1	they	they	PRON
abr-152	102	2	document	document	VERB
abr-152	102	3	auditor	auditor	NOUN
abr-152	102	4	changes	change	VERB
abr-152	102	5	from	from	ADP
abr-152	102	6	small	small	ADJ
abr-152	102	7	to	to	ADP
abr-152	102	8	large	large	ADJ
abr-152	102	9	and	and	CCONJ
abr-152	102	10	more	more	ADV
abr-152	102	11	reputable	reputable	ADJ
abr-152	102	12	auditors	auditor	NOUN
abr-152	102	13	prior	prior	ADV
abr-152	102	14	to	to	ADP
abr-152	102	15	ipos	ipos	NOUN
abr-152	102	16	.	.	PUNCT
abr-152	103	1	firms	firm	NOUN
abr-152	103	2	with	with	ADP
abr-152	103	3	auditor	auditor	NOUN
abr-152	103	4	changes	change	NOUN
abr-152	103	5	prior	prior	ADV
abr-152	103	6	to	to	ADP
abr-152	103	7	ipos	ipos	NOUN
abr-152	103	8	are	be	AUX
abr-152	103	9	generally	generally	ADV
abr-152	103	10	those	those	PRON
abr-152	103	11	with	with	ADP
abr-152	103	12	prestigious	prestigious	ADJ
abr-152	103	13	underwriters	underwriter	NOUN
abr-152	103	14	as	as	ADV
abr-152	103	15	well	well	ADV
abr-152	103	16	.	.	PUNCT
abr-152	104	1	fees	fee	NOUN
abr-152	104	2	charged	charge	VERB
abr-152	104	3	by	by	ADP
abr-152	104	4	underwriters	underwriter	NOUN
abr-152	104	5	are	be	AUX
abr-152	104	6	lower	low	ADJ
abr-152	104	7	for	for	ADP
abr-152	104	8	ipo	ipo	NOUN
abr-152	104	9	firms	firm	NOUN
abr-152	104	10	with	with	ADP
abr-152	104	11	reputable	reputable	ADJ
abr-152	104	12	auditors	auditor	NOUN
abr-152	104	13	in	in	ADP
abr-152	104	14	the	the	DET
abr-152	104	15	case	case	NOUN
abr-152	104	16	of	of	ADP
abr-152	104	17	firm	firm	ADJ
abr-152	104	18	commitment	commitment	NOUN
abr-152	104	19	ipos	ipos	PROPN
abr-152	104	20	.	.	PUNCT
abr-152	105	1	copley	copley	PROPN
abr-152	105	2	and	and	CCONJ
abr-152	105	3	douthett	douthett	PROPN
abr-152	105	4	(	(	PUNCT
abr-152	105	5	2002	2002	NUM
abr-152	105	6	)	)	PUNCT
abr-152	105	7	examine	examine	VERB
abr-152	105	8	how	how	SCONJ
abr-152	105	9	different	different	ADJ
abr-152	105	10	signaling	signal	VERB
abr-152	105	11	mechanisms	mechanism	NOUN
abr-152	105	12	(	(	PUNCT
abr-152	105	13	auditor	auditor	NOUN
abr-152	105	14	choice	choice	NOUN
abr-152	105	15	,	,	PUNCT
abr-152	105	16	retained	retain	VERB
abr-152	105	17	ownership	ownership	NOUN
abr-152	105	18	,	,	PUNCT
abr-152	105	19	and	and	CCONJ
abr-152	105	20	earnings	earning	NOUN
abr-152	105	21	disclosure	disclosure	NOUN
abr-152	105	22	)	)	PUNCT
abr-152	105	23	are	be	AUX
abr-152	105	24	determined	determine	VERB
abr-152	105	25	jointly	jointly	ADV
abr-152	105	26	and	and	CCONJ
abr-152	105	27	simultaneously	simultaneously	ADV
abr-152	105	28	by	by	ADP
abr-152	105	29	ipo	ipo	NOUN
abr-152	105	30	firms	firm	NOUN
abr-152	105	31	.	.	PUNCT
abr-152	106	1	they	they	PRON
abr-152	106	2	show	show	VERB
abr-152	106	3	that	that	SCONJ
abr-152	106	4	firms	firm	NOUN
abr-152	106	5	with	with	ADP
abr-152	106	6	higher	high	ADJ
abr-152	106	7	risk	risk	NOUN
abr-152	106	8	tend	tend	VERB
abr-152	106	9	to	to	PART
abr-152	106	10	choose	choose	VERB
abr-152	106	11	higher	high	ADJ
abr-152	106	12	quality	quality	NOUN
abr-152	106	13	auditors	auditor	NOUN
abr-152	106	14	,	,	PUNCT
abr-152	106	15	consistent	consistent	ADJ
abr-152	106	16	with	with	ADP
abr-152	106	17	datar	datar	NOUN
abr-152	106	18	,	,	PUNCT
abr-152	106	19	feltham	feltham	PROPN
abr-152	106	20	and	and	CCONJ
abr-152	106	21	hughes	hughes	PROPN
abr-152	106	22	(	(	PUNCT
abr-152	106	23	1991	1991	NUM
abr-152	106	24	)	)	PUNCT
abr-152	106	25	’s	’s	PART
abr-152	106	26	prediction	prediction	NOUN
abr-152	106	27	that	that	SCONJ
abr-152	106	28	high	high	ADJ
abr-152	106	29	risk	risk	NOUN
abr-152	106	30	firms	firm	NOUN
abr-152	106	31	prefer	prefer	VERB
abr-152	106	32	to	to	PART
abr-152	106	33	use	use	VERB
abr-152	106	34	auditor	auditor	NOUN
abr-152	106	35	reputation	reputation	NOUN
abr-152	106	36	rather	rather	ADV
abr-152	106	37	than	than	ADP
abr-152	106	38	retained	retain	VERB
abr-152	106	39	ownership	ownership	NOUN
abr-152	106	40	as	as	ADP
abr-152	106	41	a	a	DET
abr-152	106	42	signaling	signal	VERB
abr-152	106	43	mechanism	mechanism	NOUN
abr-152	106	44	because	because	SCONJ
abr-152	106	45	retaining	retain	VERB
abr-152	106	46	ownership	ownership	NOUN
abr-152	106	47	is	be	AUX
abr-152	106	48	more	more	ADV
abr-152	106	49	costly	costly	ADJ
abr-152	106	50	.	.	PUNCT
abr-152	107	1	they	they	PRON
abr-152	107	2	also	also	ADV
abr-152	107	3	find	find	VERB
abr-152	107	4	that	that	SCONJ
abr-152	107	5	retained	retain	VERB
abr-152	107	6	ownership	ownership	NOUN
abr-152	107	7	is	be	AUX
abr-152	107	8	associated	associate	VERB
abr-152	107	9	with	with	ADP
abr-152	107	10	firm	firm	ADJ
abr-152	107	11	risk	risk	NOUN
abr-152	107	12	,	,	PUNCT
abr-152	107	13	auditor	auditor	NOUN
abr-152	107	14	choice	choice	NOUN
abr-152	107	15	and	and	CCONJ
abr-152	107	16	earnings	earning	NOUN
abr-152	107	17	disclosure	disclosure	NOUN
abr-152	107	18	.	.	PUNCT
abr-152	108	1	wang	wang	PROPN
abr-152	108	2	and	and	CCONJ
abr-152	108	3	iqbal	iqbal	PROPN
abr-152	108	4	(	(	PUNCT
abr-152	108	5	2006	2006	NUM
abr-152	108	6	)	)	PUNCT
abr-152	108	7	extend	extend	VERB
abr-152	108	8	copley	copley	NOUN
abr-152	108	9	and	and	CCONJ
abr-152	108	10	douthett	douthett	PROPN
abr-152	108	11	(	(	PUNCT
abr-152	108	12	2002	2002	NUM
abr-152	108	13	)	)	PUNCT
abr-152	108	14	’s	’s	PART
abr-152	108	15	study	study	NOUN
abr-152	108	16	by	by	ADP
abr-152	108	17	relaxing	relax	VERB
abr-152	108	18	the	the	DET
abr-152	108	19	assumption	assumption	NOUN
abr-152	108	20	that	that	SCONJ
abr-152	108	21	audit	audit	NOUN
abr-152	108	22	service	service	NOUN
abr-152	108	23	is	be	AUX
abr-152	108	24	a	a	DET
abr-152	108	25	normal	normal	ADJ
abr-152	108	26	good	good	NOUN
abr-152	108	27	.	.	PUNCT
abr-152	109	1	they	they	PRON
abr-152	109	2	posit	posit	VERB
abr-152	109	3	that	that	DET
abr-152	109	4	audit	audit	NOUN
abr-152	109	5	huang	huang	PROPN
abr-152	109	6	et	et	PROPN
abr-152	109	7	al	al	PROPN
abr-152	109	8	.	.	PROPN
abr-152	109	9	19	19	NUM
abr-152	109	10	quality	quality	NOUN
abr-152	109	11	differs	differ	VERB
abr-152	109	12	in	in	ADP
abr-152	109	13	dimensions	dimension	NOUN
abr-152	109	14	other	other	ADJ
abr-152	109	15	than	than	ADP
abr-152	109	16	audit	audit	NOUN
abr-152	109	17	pricing	pricing	NOUN
abr-152	109	18	.	.	PUNCT
abr-152	110	1	they	they	PRON
abr-152	110	2	also	also	ADV
abr-152	110	3	increase	increase	VERB
abr-152	110	4	the	the	DET
abr-152	110	5	sample	sample	NOUN
abr-152	110	6	by	by	ADP
abr-152	110	7	including	include	VERB
abr-152	110	8	the	the	DET
abr-152	110	9	firms	firm	NOUN
abr-152	110	10	with	with	ADP
abr-152	110	11	one	one	NUM
abr-152	110	12	year	year	NOUN
abr-152	110	13	of	of	ADP
abr-152	110	14	pre	pre	ADJ
abr-152	110	15	-	-	ADJ
abr-152	110	16	ipo	ipo	ADJ
abr-152	110	17	earnings	earning	NOUN
abr-152	110	18	.	.	PUNCT
abr-152	111	1	in	in	ADP
abr-152	111	2	contrast	contrast	NOUN
abr-152	111	3	to	to	ADP
abr-152	111	4	the	the	DET
abr-152	111	5	findings	finding	NOUN
abr-152	111	6	of	of	ADP
abr-152	111	7	copley	copley	PROPN
abr-152	111	8	and	and	CCONJ
abr-152	111	9	douthett	douthett	PROPN
abr-152	111	10	(	(	PUNCT
abr-152	111	11	2002	2002	NUM
abr-152	111	12	)	)	PUNCT
abr-152	111	13	,	,	PUNCT
abr-152	111	14	wang	wang	PROPN
abr-152	111	15	and	and	CCONJ
abr-152	111	16	iqbal	iqbal	PROPN
abr-152	111	17	(	(	PUNCT
abr-152	111	18	2006	2006	NUM
abr-152	111	19	)	)	PUNCT
abr-152	111	20	show	show	VERB
abr-152	111	21	that	that	SCONJ
abr-152	111	22	auditor	auditor	NOUN
abr-152	111	23	choice	choice	NOUN
abr-152	111	24	and	and	CCONJ
abr-152	111	25	retained	retain	VERB
abr-152	111	26	ownership	ownership	NOUN
abr-152	111	27	are	be	AUX
abr-152	111	28	not	not	PART
abr-152	111	29	substitutes	substitute	NOUN
abr-152	111	30	.	.	PUNCT
abr-152	112	1	high	high	ADJ
abr-152	112	2	risk	risk	NOUN
abr-152	112	3	firms	firm	NOUN
abr-152	112	4	are	be	AUX
abr-152	112	5	more	more	ADV
abr-152	112	6	likely	likely	ADJ
abr-152	112	7	to	to	PART
abr-152	112	8	use	use	VERB
abr-152	112	9	retained	retain	VERB
abr-152	112	10	ownership	ownership	NOUN
abr-152	112	11	than	than	ADP
abr-152	112	12	auditor	auditor	NOUN
abr-152	112	13	reputation	reputation	NOUN
abr-152	112	14	as	as	ADP
abr-152	112	15	a	a	DET
abr-152	112	16	signaling	signal	VERB
abr-152	112	17	mechanism	mechanism	NOUN
abr-152	112	18	.	.	PUNCT
abr-152	113	1	hypothesis	hypothesis	NOUN
abr-152	113	2	development	development	NOUN
abr-152	113	3	collectively	collectively	ADV
abr-152	113	4	,	,	PUNCT
abr-152	113	5	the	the	DET
abr-152	113	6	studies	study	NOUN
abr-152	113	7	discussed	discuss	VERB
abr-152	113	8	above	above	ADP
abr-152	113	9	demonstrate	demonstrate	VERB
abr-152	113	10	that	that	SCONJ
abr-152	113	11	signaling	signaling	NOUN
abr-152	113	12	can	can	AUX
abr-152	113	13	be	be	AUX
abr-152	113	14	useful	useful	ADJ
abr-152	113	15	in	in	ADP
abr-152	113	16	reducing	reduce	VERB
abr-152	113	17	the	the	DET
abr-152	113	18	exante	exante	NOUN
abr-152	113	19	uncertainty	uncertainty	NOUN
abr-152	113	20	surrounding	surround	VERB
abr-152	113	21	an	an	DET
abr-152	113	22	ipo	ipo	NOUN
abr-152	113	23	,	,	PUNCT
abr-152	113	24	and	and	CCONJ
abr-152	113	25	correspondingly	correspondingly	ADV
abr-152	113	26	,	,	PUNCT
abr-152	113	27	the	the	DET
abr-152	113	28	extent	extent	NOUN
abr-152	113	29	of	of	ADP
abr-152	113	30	ipo	ipo	NOUN
abr-152	113	31	underpricing	underpricing	NOUN
abr-152	113	32	.	.	PUNCT
abr-152	114	1	we	we	PRON
abr-152	114	2	now	now	ADV
abr-152	114	3	examine	examine	VERB
abr-152	114	4	whether	whether	SCONJ
abr-152	114	5	managerial	managerial	ADJ
abr-152	114	6	actions	action	NOUN
abr-152	114	7	also	also	ADV
abr-152	114	8	provide	provide	VERB
abr-152	114	9	a	a	DET
abr-152	114	10	credible	credible	ADJ
abr-152	114	11	signal	signal	NOUN
abr-152	114	12	to	to	ADP
abr-152	114	13	the	the	DET
abr-152	114	14	market	market	NOUN
abr-152	114	15	which	which	PRON
abr-152	114	16	reduces	reduce	VERB
abr-152	114	17	ex	ex	NOUN
abr-152	114	18	-	-	NOUN
abr-152	114	19	ante	ante	ADJ
abr-152	114	20	uncertainty	uncertainty	NOUN
abr-152	114	21	as	as	ADV
abr-152	114	22	well	well	ADV
abr-152	114	23	.	.	PUNCT
abr-152	115	1	firms	firm	NOUN
abr-152	115	2	with	with	ADP
abr-152	115	3	no	no	DET
abr-152	115	4	deficiencies	deficiency	NOUN
abr-152	115	5	or	or	CCONJ
abr-152	115	6	weaknesses	weakness	NOUN
abr-152	115	7	in	in	ADP
abr-152	115	8	their	their	PRON
abr-152	115	9	internal	internal	ADJ
abr-152	115	10	controls	control	NOUN
abr-152	115	11	have	have	VERB
abr-152	115	12	an	an	DET
abr-152	115	13	incentive	incentive	NOUN
abr-152	115	14	to	to	PART
abr-152	115	15	comply	comply	VERB
abr-152	115	16	with	with	ADP
abr-152	115	17	section	section	NOUN
abr-152	115	18	404	404	NUM
abr-152	115	19	in	in	ADP
abr-152	115	20	order	order	NOUN
abr-152	115	21	to	to	PART
abr-152	115	22	convey	convey	VERB
abr-152	115	23	information	information	NOUN
abr-152	115	24	about	about	ADP
abr-152	115	25	their	their	PRON
abr-152	115	26	financial	financial	ADJ
abr-152	115	27	reporting	reporting	NOUN
abr-152	115	28	quality	quality	NOUN
abr-152	115	29	to	to	ADP
abr-152	115	30	the	the	DET
abr-152	115	31	market	market	NOUN
abr-152	115	32	.	.	PUNCT
abr-152	116	1	on	on	ADP
abr-152	116	2	the	the	DET
abr-152	116	3	other	other	ADJ
abr-152	116	4	hand	hand	NOUN
abr-152	116	5	,	,	PUNCT
abr-152	116	6	firms	firm	NOUN
abr-152	116	7	with	with	ADP
abr-152	116	8	weak	weak	ADJ
abr-152	116	9	internal	internal	ADJ
abr-152	116	10	controls	control	NOUN
abr-152	116	11	would	would	AUX
abr-152	116	12	not	not	PART
abr-152	116	13	want	want	VERB
abr-152	116	14	to	to	PART
abr-152	116	15	disclose	disclose	VERB
abr-152	116	16	their	their	PRON
abr-152	116	17	weakness	weakness	NOUN
abr-152	116	18	.	.	PUNCT
abr-152	117	1	more	more	ADV
abr-152	117	2	importantly	importantly	ADV
abr-152	117	3	,	,	PUNCT
abr-152	117	4	if	if	SCONJ
abr-152	117	5	investors	investor	NOUN
abr-152	117	6	view	view	VERB
abr-152	117	7	section	section	NOUN
abr-152	117	8	404	404	NUM
abr-152	117	9	compliance	compliance	NOUN
abr-152	117	10	as	as	ADP
abr-152	117	11	a	a	DET
abr-152	117	12	signal	signal	NOUN
abr-152	117	13	for	for	ADP
abr-152	117	14	ipo	ipo	PROPN
abr-152	117	15	firm	firm	PROPN
abr-152	117	16	quality	quality	NOUN
abr-152	117	17	,	,	PUNCT
abr-152	117	18	then	then	ADV
abr-152	117	19	investors	investor	NOUN
abr-152	117	20	will	will	AUX
abr-152	117	21	reward	reward	VERB
abr-152	117	22	this	this	DET
abr-152	117	23	practice	practice	NOUN
abr-152	117	24	by	by	ADP
abr-152	117	25	paying	pay	VERB
abr-152	117	26	a	a	DET
abr-152	117	27	premium	premium	NOUN
abr-152	117	28	for	for	ADP
abr-152	117	29	these	these	DET
abr-152	117	30	ipos	ipos	NOUN
abr-152	117	31	.	.	PUNCT
abr-152	118	1	as	as	ADP
abr-152	118	2	a	a	DET
abr-152	118	3	result	result	NOUN
abr-152	118	4	,	,	PUNCT
abr-152	118	5	underpricing	underprice	VERB
abr-152	118	6	should	should	AUX
abr-152	118	7	be	be	AUX
abr-152	118	8	lower	low	ADJ
abr-152	118	9	for	for	ADP
abr-152	118	10	firms	firm	NOUN
abr-152	118	11	that	that	PRON
abr-152	118	12	voluntarily	voluntarily	ADV
abr-152	118	13	comply	comply	VERB
abr-152	118	14	with	with	ADP
abr-152	118	15	section	section	NOUN
abr-152	118	16	404	404	NUM
abr-152	118	17	.	.	PUNCT
abr-152	119	1	on	on	ADP
abr-152	119	2	the	the	DET
abr-152	119	3	other	other	ADJ
abr-152	119	4	hand	hand	NOUN
abr-152	119	5	,	,	PUNCT
abr-152	119	6	it	it	PRON
abr-152	119	7	is	be	AUX
abr-152	119	8	possible	possible	ADJ
abr-152	119	9	that	that	SCONJ
abr-152	119	10	ipo	ipo	NOUN
abr-152	119	11	firms	firm	NOUN
abr-152	119	12	will	will	AUX
abr-152	119	13	voluntarily	voluntarily	ADV
abr-152	119	14	comply	comply	VERB
abr-152	119	15	with	with	ADP
abr-152	119	16	404	404	NUM
abr-152	119	17	in	in	ADP
abr-152	119	18	an	an	DET
abr-152	119	19	attempt	attempt	NOUN
abr-152	119	20	to	to	PART
abr-152	119	21	signal	signal	VERB
abr-152	119	22	quality	quality	NOUN
abr-152	119	23	,	,	PUNCT
abr-152	119	24	but	but	CCONJ
abr-152	119	25	there	there	PRON
abr-152	119	26	may	may	AUX
abr-152	119	27	be	be	AUX
abr-152	119	28	little	little	ADJ
abr-152	119	29	or	or	CCONJ
abr-152	119	30	no	no	PRON
abr-152	119	31	incremental	incremental	ADJ
abr-152	119	32	benefit	benefit	NOUN
abr-152	119	33	of	of	ADP
abr-152	119	34	compliance	compliance	NOUN
abr-152	119	35	because	because	SCONJ
abr-152	119	36	the	the	DET
abr-152	119	37	firm	firm	NOUN
abr-152	119	38	’s	’s	PART
abr-152	119	39	other	other	ADJ
abr-152	119	40	signals	signal	NOUN
abr-152	119	41	for	for	ADP
abr-152	119	42	quality	quality	NOUN
abr-152	119	43	are	be	AUX
abr-152	119	44	considered	consider	VERB
abr-152	119	45	to	to	PART
abr-152	119	46	be	be	AUX
abr-152	119	47	sufficient	sufficient	ADJ
abr-152	119	48	,	,	PUNCT
abr-152	119	49	or	or	CCONJ
abr-152	119	50	,	,	PUNCT
abr-152	119	51	because	because	SCONJ
abr-152	119	52	external	external	ADJ
abr-152	119	53	certification	certification	NOUN
abr-152	119	54	of	of	ADP
abr-152	119	55	internal	internal	ADJ
abr-152	119	56	controls	control	NOUN
abr-152	119	57	is	be	AUX
abr-152	119	58	not	not	PART
abr-152	119	59	considered	consider	VERB
abr-152	119	60	by	by	ADP
abr-152	119	61	the	the	DET
abr-152	119	62	market	market	NOUN
abr-152	119	63	to	to	PART
abr-152	119	64	be	be	AUX
abr-152	119	65	value	value	NOUN
abr-152	119	66	relevant	relevant	ADJ
abr-152	119	67	.	.	PUNCT
abr-152	120	1	in	in	ADP
abr-152	120	2	this	this	DET
abr-152	120	3	case	case	NOUN
abr-152	120	4	,	,	PUNCT
abr-152	120	5	investors	investor	NOUN
abr-152	120	6	may	may	AUX
abr-152	120	7	not	not	PART
abr-152	120	8	view	view	VERB
abr-152	120	9	404	404	NUM
abr-152	120	10	compliance	compliance	NOUN
abr-152	120	11	as	as	ADP
abr-152	120	12	providing	provide	VERB
abr-152	120	13	incremental	incremental	ADJ
abr-152	120	14	information	information	NOUN
abr-152	120	15	about	about	ADP
abr-152	120	16	the	the	DET
abr-152	120	17	quality	quality	NOUN
abr-152	120	18	of	of	ADP
abr-152	120	19	the	the	DET
abr-152	120	20	ipo	ipo	NOUN
abr-152	120	21	firm	firm	NOUN
abr-152	120	22	.	.	PUNCT
abr-152	121	1	additionally	additionally	ADV
abr-152	121	2	,	,	PUNCT
abr-152	121	3	because	because	SCONJ
abr-152	121	4	compliance	compliance	NOUN
abr-152	121	5	costs	cost	NOUN
abr-152	121	6	are	be	AUX
abr-152	121	7	high	high	ADJ
abr-152	121	8	,	,	PUNCT
abr-152	121	9	the	the	DET
abr-152	121	10	benefit	benefit	NOUN
abr-152	121	11	of	of	ADP
abr-152	121	12	section	section	NOUN
abr-152	121	13	404	404	NUM
abr-152	121	14	compliance	compliance	NOUN
abr-152	121	15	may	may	AUX
abr-152	121	16	not	not	PART
abr-152	121	17	out	out	ADV
abr-152	121	18	weight	weight	VERB
abr-152	121	19	the	the	DET
abr-152	121	20	costs	cost	NOUN
abr-152	121	21	.	.	PUNCT
abr-152	122	1	in	in	ADP
abr-152	122	2	this	this	DET
abr-152	122	3	case	case	NOUN
abr-152	122	4	,	,	PUNCT
abr-152	122	5	we	we	PRON
abr-152	122	6	will	will	AUX
abr-152	122	7	not	not	PART
abr-152	122	8	observe	observe	VERB
abr-152	122	9	a	a	DET
abr-152	122	10	significant	significant	ADJ
abr-152	122	11	relationship	relationship	NOUN
abr-152	122	12	between	between	ADP
abr-152	122	13	the	the	DET
abr-152	122	14	magnitude	magnitude	NOUN
abr-152	122	15	of	of	ADP
abr-152	122	16	underpricing	underpricing	NOUN
abr-152	122	17	and	and	CCONJ
abr-152	122	18	section	section	NOUN
abr-152	122	19	404	404	NUM
abr-152	122	20	compliance	compliance	NOUN
abr-152	122	21	.	.	PUNCT
abr-152	123	1	taken	take	VERB
abr-152	123	2	together	together	ADV
abr-152	123	3	,	,	PUNCT
abr-152	123	4	this	this	PRON
abr-152	123	5	leads	lead	VERB
abr-152	123	6	to	to	ADP
abr-152	123	7	our	our	PRON
abr-152	123	8	first	first	ADJ
abr-152	123	9	hypothesis	hypothesis	NOUN
abr-152	123	10	:	:	PUNCT
abr-152	123	11	h1	h1	NOUN
abr-152	123	12	:	:	PUNCT
abr-152	123	13	voluntary	voluntary	ADJ
abr-152	123	14	compliance	compliance	NOUN
abr-152	123	15	with	with	ADP
abr-152	123	16	section	section	NOUN
abr-152	123	17	404	404	NUM
abr-152	123	18	reduces	reduce	VERB
abr-152	123	19	the	the	DET
abr-152	123	20	magnitude	magnitude	NOUN
abr-152	123	21	of	of	ADP
abr-152	123	22	underpricing	underprice	VERB
abr-152	123	23	for	for	ADP
abr-152	123	24	ipo	ipo	NOUN
abr-152	123	25	firms	firm	NOUN
abr-152	123	26	.	.	PUNCT
abr-152	124	1	our	our	PRON
abr-152	124	2	second	second	ADJ
abr-152	124	3	research	research	NOUN
abr-152	124	4	question	question	NOUN
abr-152	124	5	examines	examine	VERB
abr-152	124	6	the	the	DET
abr-152	124	7	market	market	NOUN
abr-152	124	8	performance	performance	NOUN
abr-152	124	9	of	of	ADP
abr-152	124	10	ipo	ipo	NOUN
abr-152	124	11	firms	firm	NOUN
abr-152	124	12	in	in	ADP
abr-152	124	13	the	the	DET
abr-152	124	14	post	post	ADJ
abr-152	124	15	-	-	ADJ
abr-152	124	16	issue	issue	ADJ
abr-152	124	17	period	period	NOUN
abr-152	124	18	.	.	PUNCT
abr-152	125	1	prior	prior	ADJ
abr-152	125	2	studies	study	NOUN
abr-152	125	3	generally	generally	ADV
abr-152	125	4	show	show	VERB
abr-152	125	5	that	that	SCONJ
abr-152	125	6	ipo	ipo	NOUN
abr-152	125	7	firms	firm	NOUN
abr-152	125	8	underperform	underperform	VERB
abr-152	125	9	their	their	PRON
abr-152	125	10	benchmark	benchmark	NOUN
abr-152	125	11	in	in	ADP
abr-152	125	12	subsequent	subsequent	ADJ
abr-152	125	13	years	year	NOUN
abr-152	125	14	after	after	ADP
abr-152	125	15	the	the	DET
abr-152	125	16	ipo	ipo	PROPN
abr-152	125	17	.	.	PUNCT
abr-152	126	1	ritter	ritter	PROPN
abr-152	126	2	(	(	PUNCT
abr-152	126	3	1991	1991	NUM
abr-152	126	4	)	)	PUNCT
abr-152	126	5	documents	document	NOUN
abr-152	126	6	an	an	DET
abr-152	126	7	approximately	approximately	ADV
abr-152	126	8	30	30	NUM
abr-152	126	9	%	%	NOUN
abr-152	126	10	difference	difference	NOUN
abr-152	126	11	in	in	ADP
abr-152	126	12	post	post	ADJ
abr-152	126	13	-	-	ADJ
abr-152	126	14	issue	issue	ADJ
abr-152	126	15	period	period	NOUN
abr-152	126	16	stock	stock	NOUN
abr-152	126	17	returns	return	NOUN
abr-152	126	18	between	between	ADP
abr-152	126	19	ipo	ipo	NOUN
abr-152	126	20	firms	firm	NOUN
abr-152	126	21	and	and	CCONJ
abr-152	126	22	their	their	PRON
abr-152	126	23	benchmark	benchmark	NOUN
abr-152	126	24	.	.	PUNCT
abr-152	127	1	jain	jain	PROPN
abr-152	127	2	and	and	CCONJ
abr-152	127	3	kini	kini	PROPN
abr-152	127	4	(	(	PUNCT
abr-152	127	5	1994	1994	NUM
abr-152	127	6	)	)	PUNCT
abr-152	127	7	also	also	ADV
abr-152	127	8	document	document	VERB
abr-152	127	9	ipo	ipo	NOUN
abr-152	127	10	firms	firm	NOUN
abr-152	127	11	’	’	PART
abr-152	127	12	underperformance	underperformance	NOUN
abr-152	127	13	in	in	ADP
abr-152	127	14	the	the	DET
abr-152	127	15	post	post	ADJ
abr-152	127	16	-	-	ADJ
abr-152	127	17	issue	issue	ADJ
abr-152	127	18	period	period	NOUN
abr-152	127	19	using	use	VERB
abr-152	127	20	measures	measure	NOUN
abr-152	127	21	such	such	ADJ
abr-152	127	22	as	as	ADP
abr-152	127	23	the	the	DET
abr-152	127	24	change	change	NOUN
abr-152	127	25	in	in	ADP
abr-152	127	26	operating	operate	VERB
abr-152	127	27	income	income	NOUN
abr-152	127	28	and	and	CCONJ
abr-152	127	29	the	the	DET
abr-152	127	30	change	change	NOUN
abr-152	127	31	operating	operate	VERB
abr-152	127	32	cash	cash	NOUN
abr-152	127	33	flow	flow	NOUN
abr-152	127	34	.	.	PUNCT
abr-152	128	1	however	however	ADV
abr-152	128	2	,	,	PUNCT
abr-152	128	3	other	other	ADJ
abr-152	128	4	studies	study	NOUN
abr-152	128	5	document	document	NOUN
abr-152	128	6	variation	variation	NOUN
abr-152	128	7	in	in	ADP
abr-152	128	8	the	the	DET
abr-152	128	9	extent	extent	NOUN
abr-152	128	10	of	of	ADP
abr-152	128	11	aftermarket	aftermarket	NOUN
abr-152	128	12	underperformance	underperformance	NOUN
abr-152	128	13	across	across	ADP
abr-152	128	14	ipo	ipo	NOUN
abr-152	128	15	firms	firm	NOUN
abr-152	128	16	.	.	PUNCT
abr-152	129	1	doukas	doukas	NOUN
abr-152	129	2	and	and	CCONJ
abr-152	129	3	gonenc	gonenc	NOUN
abr-152	129	4	(	(	PUNCT
abr-152	129	5	2005	2005	NUM
abr-152	129	6	)	)	PUNCT
abr-152	129	7	find	find	VERB
abr-152	129	8	that	that	SCONJ
abr-152	129	9	venture	venture	NOUN
abr-152	129	10	capital	capital	NOUN
abr-152	129	11	backed	back	VERB
abr-152	129	12	firms	firm	NOUN
abr-152	129	13	outperform	outperform	VERB
abr-152	129	14	other	other	ADJ
abr-152	129	15	ipo	ipo	NOUN
abr-152	129	16	firms	firm	NOUN
abr-152	129	17	;	;	PUNCT
abr-152	129	18	carter	carter	NOUN
abr-152	129	19	and	and	CCONJ
abr-152	129	20	manaster	manaster	PROPN
abr-152	129	21	(	(	PUNCT
abr-152	129	22	1990	1990	NUM
abr-152	129	23	)	)	PUNCT
abr-152	129	24	and	and	CCONJ
abr-152	129	25	carter	carter	PROPN
abr-152	129	26	,	,	PUNCT
abr-152	129	27	dark	dark	ADJ
abr-152	129	28	and	and	CCONJ
abr-152	129	29	singh	singh	PROPN
abr-152	129	30	(	(	PUNCT
abr-152	129	31	1998	1998	NUM
abr-152	129	32	)	)	PUNCT
abr-152	129	33	document	document	NOUN
abr-152	129	34	a	a	DET
abr-152	129	35	positive	positive	ADJ
abr-152	129	36	relationship	relationship	NOUN
abr-152	129	37	between	between	ADP
abr-152	129	38	underwriter	underwriter	NOUN
abr-152	129	39	reputation	reputation	NOUN
abr-152	129	40	and	and	CCONJ
abr-152	129	41	aftermarket	aftermarket	NOUN
abr-152	129	42	performance	performance	NOUN
abr-152	129	43	.	.	PUNCT
abr-152	130	1	if	if	SCONJ
abr-152	130	2	voluntary	voluntary	ADJ
abr-152	130	3	compliance	compliance	NOUN
abr-152	130	4	of	of	ADP
abr-152	130	5	404	404	NUM
abr-152	130	6	is	be	AUX
abr-152	130	7	an	an	DET
abr-152	130	8	indication	indication	NOUN
abr-152	130	9	of	of	ADP
abr-152	130	10	high	high	ADJ
abr-152	130	11	quality	quality	NOUN
abr-152	130	12	of	of	ADP
abr-152	130	13	internal	internal	ADJ
abr-152	130	14	controls	control	NOUN
abr-152	130	15	,	,	PUNCT
abr-152	130	16	and	and	CCONJ
abr-152	130	17	if	if	SCONJ
abr-152	130	18	high	high	ADJ
abr-152	130	19	quality	quality	NOUN
abr-152	130	20	internal	internal	ADJ
abr-152	130	21	controls	control	NOUN
abr-152	130	22	are	be	AUX
abr-152	130	23	important	important	ADJ
abr-152	130	24	,	,	PUNCT
abr-152	130	25	then	then	ADV
abr-152	130	26	we	we	PRON
abr-152	130	27	should	should	AUX
abr-152	130	28	observe	observe	VERB
abr-152	130	29	better	well	ADJ
abr-152	130	30	market	market	NOUN
abr-152	130	31	performance	performance	NOUN
abr-152	130	32	in	in	ADP
abr-152	130	33	the	the	DET
abr-152	130	34	post	post	ADJ
abr-152	130	35	-	-	ADJ
abr-152	130	36	issue	issue	ADJ
abr-152	130	37	period	period	NOUN
abr-152	130	38	for	for	ADP
abr-152	130	39	ipo	ipo	NOUN
abr-152	130	40	firms	firm	NOUN
abr-152	130	41	which	which	PRON
abr-152	130	42	voluntarily	voluntarily	ADV
abr-152	130	43	comply	comply	VERB
abr-152	130	44	with	with	ADP
abr-152	130	45	section	section	NOUN
abr-152	130	46	404	404	NUM
abr-152	130	47	at	at	ADP
abr-152	130	48	the	the	DET
abr-152	130	49	time	time	NOUN
abr-152	130	50	of	of	ADP
abr-152	130	51	issue	issue	NOUN
abr-152	130	52	,	,	PUNCT
abr-152	130	53	ceteris	ceteris	NOUN
abr-152	130	54	paribus	paribus	NOUN
abr-152	130	55	.	.	PUNCT
abr-152	131	1	h2	h2	NOUN
abr-152	131	2	:	:	PUNCT
abr-152	132	1	voluntary	voluntary	ADJ
abr-152	132	2	compliance	compliance	NOUN
abr-152	132	3	of	of	ADP
abr-152	132	4	section	section	NOUN
abr-152	132	5	404	404	NUM
abr-152	132	6	is	be	AUX
abr-152	132	7	positively	positively	ADV
abr-152	132	8	related	relate	VERB
abr-152	132	9	to	to	ADP
abr-152	132	10	market	market	NOUN
abr-152	132	11	performance	performance	NOUN
abr-152	132	12	in	in	ADP
abr-152	132	13	post	post	ADJ
abr-152	132	14	-	-	ADJ
abr-152	132	15	issue	issue	NOUN
abr-152	132	16	period	period	NOUN
abr-152	132	17	.	.	PUNCT
abr-152	133	1	sample	sample	NOUN
abr-152	133	2	selection	selection	NOUN
abr-152	133	3	and	and	CCONJ
abr-152	133	4	methodology	methodology	NOUN
abr-152	133	5	our	our	PRON
abr-152	133	6	sample	sample	NOUN
abr-152	133	7	consists	consist	VERB
abr-152	133	8	of	of	ADP
abr-152	133	9	a	a	DET
abr-152	133	10	total	total	NOUN
abr-152	133	11	of	of	ADP
abr-152	133	12	493	493	NUM
abr-152	133	13	firms	firm	NOUN
abr-152	133	14	that	that	PRON
abr-152	133	15	went	go	VERB
abr-152	133	16	public	public	ADJ
abr-152	133	17	from	from	ADP
abr-152	133	18	2002	2002	NUM
abr-152	133	19	to	to	ADP
abr-152	133	20	2006	2006	NUM
abr-152	133	21	.	.	PUNCT
abr-152	134	1	to	to	PART
abr-152	134	2	determine	determine	VERB
abr-152	134	3	whether	whether	SCONJ
abr-152	134	4	a	a	DET
abr-152	134	5	firm	firm	ADJ
abr-152	134	6	complies	comply	VERB
abr-152	134	7	with	with	ADP
abr-152	134	8	section	section	NOUN
abr-152	134	9	404	404	NUM
abr-152	134	10	during	during	ADP
abr-152	134	11	the	the	DET
abr-152	134	12	issue	issue	NOUN
abr-152	134	13	year	year	NOUN
abr-152	134	14	,	,	PUNCT
abr-152	134	15	we	we	PRON
abr-152	134	16	review	review	VERB
abr-152	134	17	the	the	DET
abr-152	134	18	s-1	s-1	NOUN
abr-152	134	19	filed	file	VERB
abr-152	134	20	by	by	ADP
abr-152	134	21	each	each	DET
abr-152	134	22	firm	firm	NOUN
abr-152	134	23	at	at	ADP
abr-152	134	24	the	the	DET
abr-152	134	25	time	time	NOUN
abr-152	134	26	of	of	ADP
abr-152	134	27	ipo	ipo	NOUN
abr-152	134	28	.	.	PUNCT
abr-152	135	1	in	in	ADP
abr-152	135	2	our	our	PRON
abr-152	135	3	sample	sample	NOUN
abr-152	135	4	,	,	PUNCT
abr-152	135	5	98	98	NUM
abr-152	135	6	firms	firm	NOUN
abr-152	135	7	voluntarily	voluntarily	ADV
abr-152	135	8	complied	comply	VERB
abr-152	135	9	with	with	ADP
abr-152	135	10	section	section	NOUN
abr-152	135	11	404	404	NUM
abr-152	135	12	by	by	ADP
abr-152	135	13	providing	provide	VERB
abr-152	135	14	information	information	NOUN
abr-152	135	15	on	on	ADP
abr-152	135	16	management	management	NOUN
abr-152	135	17	’s	’s	PART
abr-152	135	18	evaluation	evaluation	NOUN
abr-152	135	19	on	on	ADP
abr-152	135	20	the	the	DET
abr-152	135	21	effectiveness	effectiveness	NOUN
abr-152	135	22	of	of	ADP
abr-152	135	23	internal	internal	ADJ
abr-152	135	24	control	control	NOUN
abr-152	135	25	and	and	CCONJ
abr-152	135	26	the	the	DET
abr-152	135	27	auditor	auditor	NOUN
abr-152	135	28	’s	’s	PART
abr-152	135	29	attestation	attestation	NOUN
abr-152	135	30	on	on	ADP
abr-152	135	31	management	management	NOUN
abr-152	135	32	’s	’s	PART
abr-152	135	33	assessment	assessment	NOUN
abr-152	135	34	.	.	PUNCT
abr-152	136	1	275	275	NUM
abr-152	136	2	firms	firm	NOUN
abr-152	136	3	,	,	PUNCT
abr-152	136	4	which	which	PRON
abr-152	136	5	did	do	AUX
abr-152	136	6	not	not	PART
abr-152	136	7	fully	fully	ADV
abr-152	136	8	comply	comply	VERB
abr-152	136	9	with	with	ADP
abr-152	136	10	section	section	NOUN
abr-152	136	11	404	404	NUM
abr-152	136	12	,	,	PUNCT
abr-152	136	13	provided	provide	VERB
abr-152	136	14	some	some	DET
abr-152	136	15	information	information	NOUN
abr-152	136	16	about	about	ADP
abr-152	136	17	the	the	DET
abr-152	136	18	effectiveness	effectiveness	NOUN
abr-152	136	19	of	of	ADP
abr-152	136	20	internal	internal	ADJ
abr-152	136	21	control	control	NOUN
abr-152	136	22	over	over	ADP
abr-152	136	23	financial	financial	ADJ
abr-152	136	24	reporting	reporting	NOUN
abr-152	136	25	.	.	PUNCT
abr-152	137	1	the	the	DET
abr-152	137	2	remaining	remain	VERB
abr-152	137	3	120	120	NUM
abr-152	137	4	firms	firm	NOUN
abr-152	137	5	did	do	AUX
abr-152	137	6	not	not	PART
abr-152	137	7	disclose	disclose	VERB
abr-152	137	8	any	any	DET
abr-152	137	9	information	information	NOUN
abr-152	137	10	about	about	ADP
abr-152	137	11	their	their	PRON
abr-152	137	12	internal	internal	ADJ
abr-152	137	13	control	control	NOUN
abr-152	137	14	.	.	PUNCT
abr-152	138	1	as	as	SCONJ
abr-152	138	2	shown	show	VERB
abr-152	138	3	in	in	ADP
abr-152	138	4	table	table	NOUN
abr-152	138	5	1	1	NUM
abr-152	138	6	,	,	PUNCT
abr-152	138	7	the	the	DET
abr-152	138	8	sample	sample	NOUN
abr-152	138	9	covers	cover	VERB
abr-152	138	10	a	a	DET
abr-152	138	11	total	total	NOUN
abr-152	138	12	of	of	ADP
abr-152	138	13	47	47	NUM
abr-152	138	14	ipo	ipo	NOUN
abr-152	138	15	firms	firm	NOUN
abr-152	138	16	and	and	CCONJ
abr-152	138	17	sox	sox	PROPN
abr-152	138	18	404	404	NUM
abr-152	138	19	compliance	compliance	NOUN
abr-152	138	20	20	20	NUM
abr-152	138	21	table	table	NOUN
abr-152	138	22	1	1	NUM
abr-152	138	23	.	.	PUNCT
abr-152	138	24	descriptive	descriptive	ADJ
abr-152	138	25	statistics	statistics	PROPN
abr-152	138	26	panel	panel	PROPN
abr-152	138	27	a.	a.	PROPN
abr-152	138	28	ipo	ipo	PROPN
abr-152	138	29	firms	firm	NOUN
abr-152	138	30	distribution	distribution	NOUN
abr-152	138	31	by	by	ADP
abr-152	138	32	year	year	NOUN
abr-152	138	33	year	year	NOUN
abr-152	138	34	#	#	NOUN
abr-152	138	35	of	of	ADP
abr-152	138	36	ipo	ipo	NOUN
abr-152	138	37	firms	firm	NOUN
abr-152	138	38	%	%	NOUN
abr-152	138	39	of	of	ADP
abr-152	138	40	total	total	ADJ
abr-152	138	41	sample	sample	NOUN
abr-152	138	42	2002	2002	NUM
abr-152	138	43	13	13	NUM
abr-152	138	44	2.97	2.97	NUM
abr-152	138	45	%	%	NOUN
abr-152	138	46	2003	2003	NUM
abr-152	138	47	42	42	NUM
abr-152	138	48	9.61	9.61	NUM
abr-152	138	49	%	%	NOUN
abr-152	138	50	2004	2004	NUM
abr-152	138	51	139	139	NUM
abr-152	138	52	31.81	31.81	NUM
abr-152	138	53	%	%	NOUN
abr-152	138	54	2005	2005	NUM
abr-152	138	55	119	119	NUM
abr-152	138	56	27.23	27.23	NUM
abr-152	138	57	%	%	NOUN
abr-152	138	58	2006	2006	NUM
abr-152	138	59	124	124	NUM
abr-152	138	60	28.38	28.38	NUM
abr-152	138	61	%	%	NOUN
abr-152	138	62	total	total	NOUN
abr-152	138	63	437	437	NUM
abr-152	138	64	100.00	100.00	NUM
abr-152	138	65	%	%	NOUN
abr-152	138	66	panel	panel	NOUN
abr-152	138	67	b.	b.	PROPN
abr-152	138	68	ipo	ipo	PROPN
abr-152	138	69	firms	firm	NOUN
abr-152	138	70	distribution	distribution	NOUN
abr-152	138	71	by	by	ADP
abr-152	138	72	first	first	ADJ
abr-152	138	73	2	2	NUM
abr-152	138	74	digit	digit	NOUN
abr-152	138	75	sic	sic	ADJ
abr-152	138	76	code	code	NOUN
abr-152	138	77	two	two	NUM
abr-152	138	78	-	-	PUNCT
abr-152	138	79	digit	digit	NOUN
abr-152	138	80	sic	sic	ADJ
abr-152	138	81	industry	industry	NOUN
abr-152	138	82	#	#	NOUN
abr-152	138	83	of	of	ADP
abr-152	138	84	obs	obs	PROPN
abr-152	138	85	.	.	PUNCT
abr-152	139	1	%	%	NOUN
abr-152	139	2	of	of	ADP
abr-152	139	3	sample	sample	NOUN
abr-152	139	4	01	01	NUM
abr-152	139	5	-	-	SYM
abr-152	139	6	09	09	NUM
abr-152	139	7	agriculture	agriculture	NOUN
abr-152	139	8	1	1	NUM
abr-152	139	9	0.23	0.23	NUM
abr-152	139	10	10	10	NUM
abr-152	139	11	-	-	SYM
abr-152	139	12	14	14	NUM
abr-152	139	13	mining	mining	NOUN
abr-152	139	14	19	19	NUM
abr-152	139	15	4.35	4.35	NUM
abr-152	139	16	15	15	NUM
abr-152	139	17	-	-	SYM
abr-152	139	18	19	19	NUM
abr-152	139	19	construction	construction	NOUN
abr-152	139	20	5	5	NUM
abr-152	139	21	1.14	1.14	NUM
abr-152	139	22	20	20	NUM
abr-152	139	23	-	-	SYM
abr-152	139	24	21	21	NUM
abr-152	139	25	food	food	NOUN
abr-152	139	26	and	and	CCONJ
abr-152	139	27	tobacco	tobacco	NOUN
abr-152	139	28	4	4	NUM
abr-152	139	29	0.92	0.92	NUM
abr-152	139	30	22	22	NUM
abr-152	139	31	-	-	SYM
abr-152	139	32	23	23	NUM
abr-152	139	33	textiles	textile	NOUN
abr-152	139	34	and	and	CCONJ
abr-152	139	35	apparel	apparel	NOUN
abr-152	139	36	1	1	NUM
abr-152	139	37	0.23	0.23	NUM
abr-152	139	38	24	24	NUM
abr-152	139	39	-	-	SYM
abr-152	139	40	27	27	NUM
abr-152	139	41	lumber	lumber	NOUN
abr-152	139	42	,	,	PUNCT
abr-152	139	43	furniture	furniture	NOUN
abr-152	139	44	,	,	PUNCT
abr-152	139	45	paper	paper	NOUN
abr-152	139	46	,	,	PUNCT
abr-152	139	47	and	and	CCONJ
abr-152	139	48	print	print	VERB
abr-152	139	49	10	10	NUM
abr-152	139	50	2.29	2.29	NUM
abr-152	139	51	28	28	NUM
abr-152	139	52	chemical	chemical	NOUN
abr-152	139	53	and	and	CCONJ
abr-152	139	54	pharmaceuticals	pharmaceutical	NOUN
abr-152	139	55	61	61	NUM
abr-152	139	56	13.96	13.96	NUM
abr-152	139	57	29	29	NUM
abr-152	139	58	-	-	SYM
abr-152	139	59	30	30	NUM
abr-152	139	60	petroleum	petroleum	NOUN
abr-152	139	61	,	,	PUNCT
abr-152	139	62	rubber	rubber	NOUN
abr-152	139	63	,	,	PUNCT
abr-152	139	64	and	and	CCONJ
abr-152	139	65	plastic	plastic	NOUN
abr-152	139	66	4	4	NUM
abr-152	139	67	0.92	0.92	NUM
abr-152	139	68	31	31	NUM
abr-152	139	69	-	-	SYM
abr-152	139	70	32	32	NUM
abr-152	139	71	leather	leather	NOUN
abr-152	139	72	,	,	PUNCT
abr-152	139	73	stone	stone	NOUN
abr-152	139	74	,	,	PUNCT
abr-152	139	75	and	and	CCONJ
abr-152	139	76	glass	glass	NOUN
abr-152	139	77	2	2	NUM
abr-152	139	78	0.46	0.46	NUM
abr-152	139	79	33	33	NUM
abr-152	139	80	-	-	SYM
abr-152	139	81	34	34	NUM
abr-152	139	82	primary	primary	ADJ
abr-152	139	83	and	and	CCONJ
abr-152	139	84	fabricated	fabricate	VERB
abr-152	139	85	metals	metal	NOUN
abr-152	139	86	6	6	NUM
abr-152	139	87	1.37	1.37	NUM
abr-152	139	88	35	35	NUM
abr-152	139	89	-	-	SYM
abr-152	139	90	36	36	NUM
abr-152	139	91	machinery	machinery	NOUN
abr-152	139	92	57	57	NUM
abr-152	139	93	13.04	13.04	NUM
abr-152	139	94	37	37	NUM
abr-152	139	95	transport	transport	NOUN
abr-152	139	96	equipment	equipment	NOUN
abr-152	139	97	8	8	NUM
abr-152	139	98	1.83	1.83	NUM
abr-152	139	99	38	38	NUM
abr-152	139	100	-	-	SYM
abr-152	139	101	39	39	NUM
abr-152	139	102	instruments	instrument	NOUN
abr-152	139	103	and	and	CCONJ
abr-152	139	104	misc	misc	PROPN
abr-152	139	105	.	.	PUNCT
abr-152	140	1	manuf	manuf	PROPN
abr-152	140	2	.	.	PUNCT
abr-152	141	1	39	39	NUM
abr-152	141	2	8.92	8.92	NUM
abr-152	141	3	40	40	NUM
abr-152	141	4	-	-	SYM
abr-152	141	5	47	47	NUM
abr-152	141	6	transport	transport	NOUN
abr-152	141	7	26	26	NUM
abr-152	141	8	5.95	5.95	NUM
abr-152	141	9	48	48	NUM
abr-152	141	10	communications	communication	NOUN
abr-152	141	11	25	25	NUM
abr-152	141	12	5.72	5.72	NUM
abr-152	141	13	49	49	NUM
abr-152	141	14	utilities	utility	NOUN
abr-152	141	15	5	5	NUM
abr-152	141	16	1.14	1.14	NUM
abr-152	141	17	50	50	NUM
abr-152	141	18	-	-	SYM
abr-152	141	19	51	51	NUM
abr-152	141	20	wholesale	wholesale	ADJ
abr-152	141	21	trade	trade	NOUN
abr-152	141	22	12	12	NUM
abr-152	141	23	2.75	2.75	NUM
abr-152	141	24	52	52	NUM
abr-152	141	25	-	-	SYM
abr-152	141	26	59	59	NUM
abr-152	141	27	retail	retail	ADJ
abr-152	141	28	trade	trade	NOUN
abr-152	141	29	33	33	NUM
abr-152	141	30	7.55	7.55	NUM
abr-152	141	31	70	70	NUM
abr-152	141	32	-	-	SYM
abr-152	141	33	71	71	NUM
abr-152	141	34	hotels	hotel	NOUN
abr-152	141	35	and	and	CCONJ
abr-152	141	36	personal	personal	ADJ
abr-152	141	37	services	service	NOUN
abr-152	141	38	4	4	NUM
abr-152	141	39	0.92	0.92	NUM
abr-152	141	40	72	72	NUM
abr-152	141	41	-	-	SYM
abr-152	141	42	89	89	NUM
abr-152	141	43	services	service	NOUN
abr-152	141	44	115	115	NUM
abr-152	141	45	26.32	26.32	NUM
abr-152	141	46	90	90	NUM
abr-152	141	47	-	-	SYM
abr-152	141	48	99	99	NUM
abr-152	141	49	public	public	ADJ
abr-152	141	50	administration	administration	NOUN
abr-152	141	51	and	and	CCONJ
abr-152	141	52	others	other	NOUN
abr-152	141	53	0	0	NUM
abr-152	141	54	0.00	0.00	NUM
abr-152	141	55	total	total	ADJ
abr-152	141	56	437	437	NUM
abr-152	141	57	100.00	100.00	NUM
abr-152	141	58	industries	industry	NOUN
abr-152	141	59	from	from	ADP
abr-152	141	60	2002	2002	NUM
abr-152	141	61	to	to	ADP
abr-152	141	62	20062	20062	NUM
abr-152	141	63	.	.	PUNCT
abr-152	142	1	ipo	ipo	NOUN
abr-152	142	2	firms	firm	NOUN
abr-152	142	3	are	be	AUX
abr-152	142	4	not	not	PART
abr-152	142	5	concentrated	concentrate	VERB
abr-152	142	6	in	in	ADP
abr-152	142	7	a	a	DET
abr-152	142	8	few	few	ADJ
abr-152	142	9	industries	industry	NOUN
abr-152	142	10	,	,	PUNCT
abr-152	142	11	suggesting	suggest	VERB
abr-152	142	12	our	our	PRON
abr-152	142	13	sample	sample	NOUN
abr-152	142	14	is	be	AUX
abr-152	142	15	not	not	PART
abr-152	142	16	subject	subject	ADJ
abr-152	142	17	to	to	ADP
abr-152	142	18	an	an	DET
abr-152	142	19	industry	industry	NOUN
abr-152	142	20	bias	bias	NOUN
abr-152	142	21	,	,	PUNCT
abr-152	142	22	although	although	SCONJ
abr-152	142	23	the	the	DET
abr-152	142	24	majority	majority	NOUN
abr-152	142	25	of	of	ADP
abr-152	142	26	the	the	DET
abr-152	142	27	firms	firm	NOUN
abr-152	142	28	in	in	ADP
abr-152	142	29	our	our	PRON
abr-152	142	30	sample	sample	NOUN
abr-152	142	31	went	go	VERB
abr-152	142	32	public	public	ADJ
abr-152	142	33	post-2004	post-2004	NOUN
abr-152	142	34	.	.	PUNCT
abr-152	143	1	the	the	DET
abr-152	143	2	empirical	empirical	ADJ
abr-152	143	3	tests	test	NOUN
abr-152	143	4	examine	examine	VERB
abr-152	143	5	the	the	DET
abr-152	143	6	effect	effect	NOUN
abr-152	143	7	of	of	ADP
abr-152	143	8	disclosure	disclosure	NOUN
abr-152	143	9	of	of	ADP
abr-152	143	10	internal	internal	ADJ
abr-152	143	11	control	control	NOUN
abr-152	143	12	on	on	ADP
abr-152	143	13	ipo	ipo	NOUN
abr-152	143	14	underpricing	underpricing	NOUN
abr-152	143	15	and	and	CCONJ
abr-152	143	16	ipo	ipo	NOUN
abr-152	143	17	firms	firm	NOUN
abr-152	143	18	’	'	PUNCT
abr-152	143	19	long	long	ADJ
abr-152	143	20	-	-	PUNCT
abr-152	143	21	term	term	NOUN
abr-152	143	22	performance	performance	NOUN
abr-152	143	23	.	.	PUNCT
abr-152	144	1	ipo	ipo	NOUN
abr-152	144	2	firms	firm	NOUN
abr-152	144	3	in	in	ADP
abr-152	144	4	our	our	PRON
abr-152	144	5	sample	sample	NOUN
abr-152	144	6	are	be	AUX
abr-152	144	7	classified	classify	VERB
abr-152	144	8	into	into	ADP
abr-152	144	9	three	three	NUM
abr-152	144	10	groups	group	NOUN
abr-152	144	11	based	base	VERB
abr-152	144	12	on	on	ADP
abr-152	144	13	their	their	PRON
abr-152	144	14	compliance	compliance	NOUN
abr-152	144	15	with	with	ADP
abr-152	144	16	sox	sox	PROPN
abr-152	144	17	404	404	NUM
abr-152	144	18	and	and	CCONJ
abr-152	144	19	disclosure	disclosure	NOUN
abr-152	144	20	of	of	ADP
abr-152	144	21	information	information	NOUN
abr-152	144	22	about	about	ADP
abr-152	144	23	internal	internal	ADJ
abr-152	144	24	controls	control	NOUN
abr-152	144	25	.	.	PUNCT
abr-152	145	1	the	the	DET
abr-152	145	2	compliance	compliance	NOUN
abr-152	145	3	group	group	NOUN
abr-152	145	4	(	(	PUNCT
abr-152	145	5	soxcomp	soxcomp	PROPN
abr-152	145	6	)	)	PUNCT
abr-152	145	7	consists	consist	VERB
abr-152	145	8	of	of	ADP
abr-152	145	9	ipo	ipo	NOUN
abr-152	145	10	firms	firm	NOUN
abr-152	145	11	that	that	PRON
abr-152	145	12	report	report	VERB
abr-152	145	13	both	both	DET
abr-152	145	14	(	(	PUNCT
abr-152	145	15	a	a	DET
abr-152	145	16	)	)	PUNCT
abr-152	145	17	management	management	NOUN
abr-152	145	18	’s	’s	PART
abr-152	145	19	evaluation	evaluation	NOUN
abr-152	145	20	on	on	ADP
abr-152	145	21	the	the	DET
abr-152	145	22	effectiveness	effectiveness	NOUN
abr-152	145	23	of	of	ADP
abr-152	145	24	internal	internal	ADJ
abr-152	145	25	control	control	NOUN
abr-152	145	26	over	over	ADP
abr-152	145	27	financial	financial	ADJ
abr-152	145	28	reporting	reporting	NOUN
abr-152	145	29	,	,	PUNCT
abr-152	145	30	and	and	CCONJ
abr-152	145	31	(	(	PUNCT
abr-152	145	32	b	b	X
abr-152	145	33	)	)	PUNCT
abr-152	145	34	auditor	auditor	NOUN
abr-152	145	35	’s	’s	PART
abr-152	145	36	attestation	attestation	NOUN
abr-152	145	37	on	on	ADP
abr-152	145	38	management	management	NOUN
abr-152	145	39	’s	’s	PART
abr-152	145	40	assessment	assessment	NOUN
abr-152	145	41	of	of	ADP
abr-152	145	42	the	the	DET
abr-152	145	43	adequacy	adequacy	NOUN
abr-152	145	44	of	of	ADP
abr-152	145	45	international	international	ADJ
abr-152	145	46	controls	control	NOUN
abr-152	145	47	.	.	PUNCT
abr-152	146	1	the	the	DET
abr-152	146	2	second	second	ADJ
abr-152	146	3	group	group	NOUN
abr-152	146	4	of	of	ADP
abr-152	146	5	ipo	ipo	PROPN
abr-152	146	6	firms	firm	NOUN
abr-152	146	7	(	(	PUNCT
abr-152	146	8	mcomp	mcomp	ADJ
abr-152	146	9	)	)	PUNCT
abr-152	146	10	includes	include	VERB
abr-152	146	11	firms	firm	NOUN
abr-152	146	12	that	that	PRON
abr-152	146	13	only	only	ADV
abr-152	146	14	disclose	disclose	VERB
abr-152	146	15	2	2	NUM
abr-152	146	16	of	of	ADP
abr-152	146	17	the	the	DET
abr-152	146	18	full	full	ADJ
abr-152	146	19	sample	sample	NOUN
abr-152	146	20	,	,	PUNCT
abr-152	146	21	493	493	NUM
abr-152	146	22	firms	firm	NOUN
abr-152	146	23	,	,	PUNCT
abr-152	146	24	437	437	NUM
abr-152	146	25	have	have	VERB
abr-152	146	26	complete	complete	ADJ
abr-152	146	27	underpricing	underpricing	ADJ
abr-152	146	28	data	datum	NOUN
abr-152	146	29	for	for	ADP
abr-152	146	30	the	the	DET
abr-152	146	31	statistics	statistic	NOUN
abr-152	146	32	in	in	ADP
abr-152	146	33	table	table	NOUN
abr-152	146	34	2	2	NUM
abr-152	146	35	,	,	PUNCT
abr-152	146	36	and	and	CCONJ
abr-152	146	37	are	be	AUX
abr-152	146	38	thus	thus	ADV
abr-152	146	39	described	describe	VERB
abr-152	146	40	in	in	ADP
abr-152	146	41	table	table	NOUN
abr-152	146	42	1	1	NUM
abr-152	146	43	.	.	PUNCT
abr-152	147	1	we	we	PRON
abr-152	147	2	lose	lose	VERB
abr-152	147	3	one	one	NUM
abr-152	147	4	observation	observation	NOUN
abr-152	147	5	for	for	ADP
abr-152	147	6	the	the	DET
abr-152	147	7	“	"	PUNCT
abr-152	147	8	underpricing	underpricing	NOUN
abr-152	147	9	”	"	PUNCT
abr-152	147	10	regression	regression	NOUN
abr-152	147	11	in	in	ADP
abr-152	147	12	table	table	NOUN
abr-152	147	13	3	3	NUM
abr-152	147	14	(	(	PUNCT
abr-152	147	15	436	436	NUM
abr-152	147	16	firms	firm	NOUN
abr-152	147	17	)	)	PUNCT
abr-152	147	18	.	.	PUNCT
abr-152	148	1	for	for	ADP
abr-152	148	2	the	the	DET
abr-152	148	3	bhar	bhar	PROPN
abr-152	148	4	statistics	statistics	PROPN
abr-152	148	5	and	and	CCONJ
abr-152	148	6	regression	regression	NOUN
abr-152	148	7	,	,	PUNCT
abr-152	148	8	which	which	PRON
abr-152	148	9	do	do	AUX
abr-152	148	10	not	not	PART
abr-152	148	11	require	require	VERB
abr-152	148	12	underpricing	underprice	VERB
abr-152	148	13	data	datum	NOUN
abr-152	148	14	,	,	PUNCT
abr-152	148	15	we	we	PRON
abr-152	148	16	have	have	VERB
abr-152	148	17	493	493	NUM
abr-152	148	18	observations	observation	NOUN
abr-152	148	19	,	,	PUNCT
abr-152	148	20	and	and	CCONJ
abr-152	148	21	we	we	PRON
abr-152	148	22	lose	lose	VERB
abr-152	148	23	6	6	NUM
abr-152	148	24	observations	observation	NOUN
abr-152	148	25	for	for	ADP
abr-152	148	26	the	the	DET
abr-152	148	27	cross	cross	ADJ
abr-152	148	28	-	-	ADJ
abr-152	148	29	sectional	sectional	ADJ
abr-152	148	30	regression	regression	NOUN
abr-152	148	31	of	of	ADP
abr-152	148	32	bhar	bhar	PROPN
abr-152	148	33	in	in	ADP
abr-152	148	34	table	table	NOUN
abr-152	148	35	4	4	NUM
abr-152	148	36	,	,	PUNCT
abr-152	148	37	bringing	bring	VERB
abr-152	148	38	the	the	DET
abr-152	148	39	sample	sample	NOUN
abr-152	148	40	down	down	ADP
abr-152	148	41	to	to	ADP
abr-152	148	42	487	487	NUM
abr-152	148	43	.	.	PUNCT
abr-152	149	1	huang	huang	PROPN
abr-152	149	2	et	et	PROPN
abr-152	149	3	al	al	PROPN
abr-152	149	4	.	.	PROPN
abr-152	149	5	21	21	NUM
abr-152	149	6	management	management	NOUN
abr-152	149	7	’s	’s	PART
abr-152	149	8	assessment	assessment	NOUN
abr-152	149	9	of	of	ADP
abr-152	149	10	internal	internal	ADJ
abr-152	149	11	control	control	NOUN
abr-152	149	12	but	but	CCONJ
abr-152	149	13	do	do	AUX
abr-152	149	14	not	not	PART
abr-152	149	15	provide	provide	VERB
abr-152	149	16	opinions	opinion	NOUN
abr-152	149	17	from	from	ADP
abr-152	149	18	their	their	PRON
abr-152	149	19	auditors	auditor	NOUN
abr-152	149	20	.	.	PUNCT
abr-152	150	1	the	the	DET
abr-152	150	2	last	last	ADJ
abr-152	150	3	group	group	NOUN
abr-152	150	4	of	of	ADP
abr-152	150	5	ipo	ipo	NOUN
abr-152	150	6	firms	firm	NOUN
abr-152	150	7	does	do	AUX
abr-152	150	8	not	not	PART
abr-152	150	9	disclose	disclose	VERB
abr-152	150	10	any	any	DET
abr-152	150	11	information	information	NOUN
abr-152	150	12	about	about	ADP
abr-152	150	13	their	their	PRON
abr-152	150	14	internal	internal	ADJ
abr-152	150	15	controls	control	NOUN
abr-152	150	16	on	on	ADP
abr-152	150	17	form	form	NOUN
abr-152	150	18	10k	10k	NOUN
abr-152	150	19	.	.	PUNCT
abr-152	151	1	as	as	ADP
abr-152	151	2	an	an	DET
abr-152	151	3	additional	additional	ADJ
abr-152	151	4	test	test	NOUN
abr-152	151	5	of	of	ADP
abr-152	151	6	underpricing	underprice	VERB
abr-152	151	7	and	and	CCONJ
abr-152	151	8	long	long	ADJ
abr-152	151	9	-	-	PUNCT
abr-152	151	10	term	term	NOUN
abr-152	151	11	performance	performance	NOUN
abr-152	151	12	,	,	PUNCT
abr-152	151	13	we	we	PRON
abr-152	151	14	combine	combine	VERB
abr-152	151	15	the	the	DET
abr-152	151	16	soxcomp	soxcomp	NOUN
abr-152	151	17	and	and	CCONJ
abr-152	151	18	the	the	DET
abr-152	151	19	mcomp	mcomp	ADJ
abr-152	151	20	groups	group	NOUN
abr-152	151	21	.	.	PUNCT
abr-152	152	1	the	the	DET
abr-152	152	2	idea	idea	NOUN
abr-152	152	3	is	be	AUX
abr-152	152	4	that	that	SCONJ
abr-152	152	5	ipo	ipo	NOUN
abr-152	152	6	firms	firm	NOUN
abr-152	152	7	are	be	AUX
abr-152	152	8	subjected	subject	VERB
abr-152	152	9	to	to	ADP
abr-152	152	10	monitoring	monitor	VERB
abr-152	152	11	by	by	ADP
abr-152	152	12	internal	internal	ADJ
abr-152	152	13	and	and	CCONJ
abr-152	152	14	external	external	ADJ
abr-152	152	15	parties	party	NOUN
abr-152	152	16	such	such	ADJ
abr-152	152	17	as	as	ADP
abr-152	152	18	auditors	auditor	NOUN
abr-152	152	19	,	,	PUNCT
abr-152	152	20	boards	board	NOUN
abr-152	152	21	,	,	PUNCT
abr-152	152	22	analysts	analyst	NOUN
abr-152	152	23	,	,	PUNCT
abr-152	152	24	rating	rating	NOUN
abr-152	152	25	agencies	agency	NOUN
abr-152	152	26	,	,	PUNCT
abr-152	152	27	and	and	CCONJ
abr-152	152	28	the	the	DET
abr-152	152	29	financial	financial	ADJ
abr-152	152	30	media	medium	NOUN
abr-152	152	31	.	.	PUNCT
abr-152	153	1	ipo	ipo	NOUN
abr-152	153	2	firms	firm	NOUN
abr-152	153	3	are	be	AUX
abr-152	153	4	likely	likely	ADJ
abr-152	153	5	to	to	PART
abr-152	153	6	provide	provide	VERB
abr-152	153	7	higher	high	ADJ
abr-152	153	8	quality	quality	NOUN
abr-152	153	9	financial	financial	ADJ
abr-152	153	10	information	information	NOUN
abr-152	153	11	because	because	SCONJ
abr-152	153	12	of	of	ADP
abr-152	153	13	these	these	DET
abr-152	153	14	monitoring	monitoring	NOUN
abr-152	153	15	mechanisms	mechanism	NOUN
abr-152	153	16	(	(	PUNCT
abr-152	153	17	ball	ball	NOUN
abr-152	153	18	and	and	CCONJ
abr-152	153	19	shivakumar	shivakumar	PROPN
abr-152	153	20	2006	2006	NUM
abr-152	153	21	)	)	PUNCT
abr-152	153	22	.	.	PUNCT
abr-152	154	1	thus	thus	ADV
abr-152	154	2	,	,	PUNCT
abr-152	154	3	management	management	NOUN
abr-152	154	4	’s	’s	PART
abr-152	154	5	assessment	assessment	NOUN
abr-152	154	6	of	of	ADP
abr-152	154	7	internal	internal	ADJ
abr-152	154	8	control	control	NOUN
abr-152	154	9	over	over	ADP
abr-152	154	10	financial	financial	ADJ
abr-152	154	11	reporting	reporting	NOUN
abr-152	154	12	may	may	AUX
abr-152	154	13	be	be	AUX
abr-152	154	14	just	just	ADV
abr-152	154	15	as	as	ADV
abr-152	154	16	effective	effective	ADJ
abr-152	154	17	as	as	ADP
abr-152	154	18	additional	additional	ADJ
abr-152	154	19	auditor	auditor	NOUN
abr-152	154	20	’s	’s	PART
abr-152	154	21	attestation	attestation	NOUN
abr-152	154	22	on	on	ADP
abr-152	154	23	managements	management	NOUN
abr-152	154	24	’	'	PUNCT
abr-152	154	25	opinion	opinion	NOUN
abr-152	154	26	.	.	PUNCT
abr-152	155	1	to	to	PART
abr-152	155	2	examine	examine	VERB
abr-152	155	3	the	the	DET
abr-152	155	4	effect	effect	NOUN
abr-152	155	5	of	of	ADP
abr-152	155	6	section	section	NOUN
abr-152	155	7	404	404	NUM
abr-152	155	8	compliance	compliance	NOUN
abr-152	155	9	on	on	ADP
abr-152	155	10	underpricing	underprice	VERB
abr-152	155	11	,	,	PUNCT
abr-152	155	12	we	we	PRON
abr-152	155	13	estimate	estimate	VERB
abr-152	155	14	the	the	DET
abr-152	155	15	following	follow	VERB
abr-152	155	16	regression	regression	NOUN
abr-152	155	17	model	model	NOUN
abr-152	155	18	:	:	PUNCT
abr-152	155	19	where	where	SCONJ
abr-152	155	20	:	:	PUNCT
abr-152	155	21	up	up	ADV
abr-152	155	22	is	be	AUX
abr-152	155	23	underpricing	underprice	VERB
abr-152	155	24	defined	define	VERB
abr-152	155	25	as	as	ADP
abr-152	155	26	(	(	PUNCT
abr-152	155	27	ipo	ipo	NOUN
abr-152	155	28	-	-	PUNCT
abr-152	155	29	day	day	NOUN
abr-152	155	30	closing	closing	NOUN
abr-152	155	31	price	price	NOUN
abr-152	155	32	–	–	PUNCT
abr-152	155	33	ipo	ipo	NOUN
abr-152	155	34	offer	offer	NOUN
abr-152	155	35	price	price	NOUN
abr-152	155	36	)	)	PUNCT
abr-152	155	37	/	/	SYM
abr-152	155	38	ipo	ipo	PROPN
abr-152	155	39	offer	offer	NOUN
abr-152	155	40	price	price	NOUN
abr-152	155	41	,	,	PUNCT
abr-152	155	42	soxcomp	soxcomp	PROPN
abr-152	155	43	is	be	AUX
abr-152	155	44	equal	equal	ADJ
abr-152	155	45	to	to	ADP
abr-152	155	46	1	1	NUM
abr-152	155	47	if	if	SCONJ
abr-152	155	48	the	the	DET
abr-152	155	49	ipo	ipo	NOUN
abr-152	155	50	firm	firm	NOUN
abr-152	155	51	provides	provide	VERB
abr-152	155	52	management	management	NOUN
abr-152	155	53	’s	’s	PART
abr-152	155	54	evaluation	evaluation	NOUN
abr-152	155	55	on	on	ADP
abr-152	155	56	the	the	DET
abr-152	155	57	effectiveness	effectiveness	NOUN
abr-152	155	58	of	of	ADP
abr-152	155	59	internal	internal	ADJ
abr-152	155	60	control	control	NOUN
abr-152	155	61	and	and	CCONJ
abr-152	155	62	auditor	auditor	NOUN
abr-152	155	63	’s	’s	PART
abr-152	155	64	attestation	attestation	NOUN
abr-152	155	65	on	on	ADP
abr-152	155	66	management	management	NOUN
abr-152	155	67	’s	’s	PART
abr-152	155	68	assessment	assessment	NOUN
abr-152	155	69	;	;	PUNCT
abr-152	155	70	0	0	NUM
abr-152	155	71	otherwise	otherwise	ADV
abr-152	155	72	,	,	PUNCT
abr-152	155	73	mcomp	mcomp	PROPN
abr-152	155	74	is	be	AUX
abr-152	155	75	equal	equal	ADJ
abr-152	155	76	to	to	ADP
abr-152	155	77	1	1	NUM
abr-152	155	78	if	if	SCONJ
abr-152	155	79	the	the	DET
abr-152	155	80	ipo	ipo	NOUN
abr-152	155	81	firm	firm	NOUN
abr-152	155	82	provides	provide	VERB
abr-152	155	83	only	only	ADV
abr-152	155	84	management	management	NOUN
abr-152	155	85	’s	’s	PART
abr-152	155	86	evaluation	evaluation	NOUN
abr-152	155	87	on	on	ADP
abr-152	155	88	the	the	DET
abr-152	155	89	effectiveness	effectiveness	NOUN
abr-152	155	90	of	of	ADP
abr-152	155	91	internal	internal	ADJ
abr-152	155	92	control	control	NOUN
abr-152	155	93	;	;	PUNCT
abr-152	155	94	0	0	NUM
abr-152	155	95	otherwise	otherwise	ADV
abr-152	155	96	,	,	PUNCT
abr-152	155	97	big4	big4	PROPN
abr-152	155	98	is	be	AUX
abr-152	155	99	equal	equal	ADJ
abr-152	155	100	to	to	ADP
abr-152	155	101	1	1	NUM
abr-152	155	102	if	if	SCONJ
abr-152	155	103	the	the	DET
abr-152	155	104	ipo	ipo	NOUN
abr-152	155	105	firm	firm	NOUN
abr-152	155	106	is	be	AUX
abr-152	155	107	audited	audit	VERB
abr-152	155	108	by	by	ADP
abr-152	155	109	one	one	NUM
abr-152	155	110	of	of	ADP
abr-152	155	111	the	the	DET
abr-152	155	112	big	big	ADJ
abr-152	155	113	4	4	NUM
abr-152	155	114	accounting	accounting	NOUN
abr-152	155	115	firms	firm	NOUN
abr-152	155	116	;	;	PUNCT
abr-152	155	117	0	0	NUM
abr-152	155	118	otherwise	otherwise	ADV
abr-152	155	119	,	,	PUNCT
abr-152	155	120	vc	vc	PROPN
abr-152	155	121	is	be	AUX
abr-152	155	122	equal	equal	ADJ
abr-152	155	123	to	to	ADP
abr-152	155	124	1	1	NUM
abr-152	155	125	for	for	ADP
abr-152	155	126	venture	venture	NOUN
abr-152	155	127	capitalbacked	capitalbacke	VERB
abr-152	155	128	ipos	ipos	NOUN
abr-152	155	129	;	;	PUNCT
abr-152	155	130	0	0	NUM
abr-152	155	131	otherwise	otherwise	ADV
abr-152	155	132	,	,	PUNCT
abr-152	155	133	uwr	uwr	ADV
abr-152	155	134	is	be	AUX
abr-152	155	135	equal	equal	ADJ
abr-152	155	136	to	to	ADP
abr-152	155	137	1	1	NUM
abr-152	155	138	if	if	SCONJ
abr-152	155	139	the	the	DET
abr-152	155	140	underwriter	underwriter	NOUN
abr-152	155	141	for	for	ADP
abr-152	155	142	the	the	DET
abr-152	155	143	ipo	ipo	PROPN
abr-152	155	144	firm	firm	NOUN
abr-152	155	145	has	have	VERB
abr-152	155	146	a	a	DET
abr-152	155	147	rating	rating	NOUN
abr-152	155	148	above	above	ADP
abr-152	155	149	the	the	DET
abr-152	155	150	mean	mean	NOUN
abr-152	155	151	using	use	VERB
abr-152	155	152	the	the	DET
abr-152	155	153	carter	carter	PROPN
abr-152	155	154	et	et	PROPN
abr-152	155	155	al	al	PROPN
abr-152	155	156	.	.	PROPN
abr-152	156	1	(	(	PUNCT
abr-152	156	2	1998	1998	NUM
abr-152	156	3	)	)	PUNCT
abr-152	156	4	ratings	rating	NOUN
abr-152	156	5	;	;	PUNCT
abr-152	156	6	0	0	NUM
abr-152	156	7	otherwise	otherwise	ADV
abr-152	156	8	,	,	PUNCT
abr-152	156	9	internet	internet	NOUN
abr-152	156	10	is	be	AUX
abr-152	156	11	equal	equal	ADJ
abr-152	156	12	to	to	ADP
abr-152	156	13	1	1	NUM
abr-152	156	14	if	if	SCONJ
abr-152	156	15	the	the	DET
abr-152	156	16	ipo	ipo	NOUN
abr-152	156	17	is	be	AUX
abr-152	156	18	issued	issue	VERB
abr-152	156	19	by	by	ADP
abr-152	156	20	an	an	DET
abr-152	156	21	internet	internet	NOUN
abr-152	156	22	firm	firm	NOUN
abr-152	156	23	,	,	PUNCT
abr-152	156	24	using	use	VERB
abr-152	156	25	the	the	DET
abr-152	156	26	loughran	loughran	NOUN
abr-152	156	27	and	and	CCONJ
abr-152	156	28	ritter	ritter	PROPN
abr-152	156	29	(	(	PUNCT
abr-152	156	30	2004	2004	NUM
abr-152	156	31	)	)	PUNCT
abr-152	156	32	classification	classification	NOUN
abr-152	156	33	;	;	PUNCT
abr-152	156	34	0	0	NUM
abr-152	156	35	otherwise	otherwise	ADV
abr-152	156	36	,	,	PUNCT
abr-152	156	37	size	size	NOUN
abr-152	156	38	is	be	AUX
abr-152	156	39	the	the	DET
abr-152	156	40	natural	natural	ADJ
abr-152	156	41	log	log	NOUN
abr-152	156	42	of	of	ADP
abr-152	156	43	total	total	NOUN
abr-152	156	44	assets3	assets3	PROPN
abr-152	156	45	.	.	PUNCT
abr-152	157	1	in	in	ADP
abr-152	157	2	an	an	DET
abr-152	157	3	additional	additional	ADJ
abr-152	157	4	test	test	NOUN
abr-152	157	5	,	,	PUNCT
abr-152	157	6	we	we	PRON
abr-152	157	7	combine	combine	VERB
abr-152	157	8	the	the	DET
abr-152	157	9	soxcomp	soxcomp	NOUN
abr-152	157	10	and	and	CCONJ
abr-152	157	11	mcomp	mcomp	ADJ
abr-152	157	12	samples	sample	NOUN
abr-152	157	13	and	and	CCONJ
abr-152	157	14	use	use	VERB
abr-152	157	15	only	only	ADV
abr-152	157	16	one	one	NUM
abr-152	157	17	indicator	indicator	NOUN
abr-152	157	18	variable	variable	NOUN
abr-152	157	19	(	(	PUNCT
abr-152	157	20	qcomp	qcomp	NOUN
abr-152	157	21	)	)	PUNCT
abr-152	157	22	in	in	ADP
abr-152	157	23	the	the	DET
abr-152	157	24	model	model	NOUN
abr-152	157	25	.	.	PUNCT
abr-152	158	1	qcomp	qcomp	PROPN
abr-152	158	2	is	be	AUX
abr-152	158	3	equal	equal	ADJ
abr-152	158	4	to	to	ADP
abr-152	158	5	1	1	NUM
abr-152	158	6	if	if	SCONJ
abr-152	158	7	the	the	DET
abr-152	158	8	ipo	ipo	NOUN
abr-152	158	9	firm	firm	NOUN
abr-152	158	10	provides	provide	VERB
abr-152	158	11	at	at	ADP
abr-152	158	12	least	least	ADJ
abr-152	158	13	management	management	NOUN
abr-152	158	14	’s	’s	PART
abr-152	158	15	evaluation	evaluation	NOUN
abr-152	158	16	on	on	ADP
abr-152	158	17	the	the	DET
abr-152	158	18	effectiveness	effectiveness	NOUN
abr-152	158	19	of	of	ADP
abr-152	158	20	internal	internal	ADJ
abr-152	158	21	control	control	NOUN
abr-152	158	22	;	;	PUNCT
abr-152	158	23	0	0	NUM
abr-152	158	24	otherwise	otherwise	ADV
abr-152	158	25	.	.	PUNCT
abr-152	159	1	all	all	DET
abr-152	159	2	other	other	ADJ
abr-152	159	3	variables	variable	NOUN
abr-152	159	4	remain	remain	VERB
abr-152	159	5	the	the	DET
abr-152	159	6	same	same	ADJ
abr-152	159	7	.	.	PUNCT
abr-152	160	1	we	we	PRON
abr-152	160	2	expect	expect	VERB
abr-152	160	3	to	to	PART
abr-152	160	4	find	find	VERB
abr-152	160	5	a	a	DET
abr-152	160	6	negative	negative	ADJ
abr-152	160	7	relationship	relationship	NOUN
abr-152	160	8	between	between	ADP
abr-152	160	9	underpricing	underprice	VERB
abr-152	160	10	and	and	CCONJ
abr-152	160	11	venture	venture	NOUN
abr-152	160	12	capital	capital	NOUN
abr-152	160	13	involvement	involvement	NOUN
abr-152	160	14	as	as	ADP
abr-152	160	15	per	per	ADP
abr-152	160	16	lee	lee	PROPN
abr-152	160	17	and	and	CCONJ
abr-152	160	18	wahal	wahal	VERB
abr-152	160	19	(	(	PUNCT
abr-152	160	20	2004	2004	NUM
abr-152	160	21	)	)	PUNCT
abr-152	160	22	and	and	CCONJ
abr-152	160	23	loughran	loughran	NOUN
abr-152	160	24	and	and	CCONJ
abr-152	160	25	ritter	ritter	PROPN
abr-152	160	26	(	(	PUNCT
abr-152	160	27	2004	2004	NUM
abr-152	160	28	)	)	PUNCT
abr-152	160	29	.	.	PUNCT
abr-152	161	1	we	we	PRON
abr-152	161	2	anticipate	anticipate	VERB
abr-152	161	3	finding	find	VERB
abr-152	161	4	that	that	SCONJ
abr-152	161	5	firms	firm	NOUN
abr-152	161	6	with	with	ADP
abr-152	161	7	higher	high	ADJ
abr-152	161	8	underwriter	underwriter	NOUN
abr-152	161	9	reputation	reputation	NOUN
abr-152	161	10	will	will	AUX
abr-152	161	11	experience	experience	VERB
abr-152	161	12	lower	low	ADJ
abr-152	161	13	underpricing	underpricing	NOUN
abr-152	161	14	,	,	PUNCT
abr-152	161	15	as	as	ADP
abr-152	161	16	per	per	ADP
abr-152	161	17	carter	carter	PROPN
abr-152	161	18	et	et	PROPN
abr-152	161	19	al	al	PROPN
abr-152	161	20	.	.	PUNCT
abr-152	162	1	(	(	PUNCT
abr-152	162	2	1998	1998	NUM
abr-152	162	3	)	)	PUNCT
abr-152	162	4	.	.	PUNCT
abr-152	163	1	we	we	PRON
abr-152	163	2	next	next	ADV
abr-152	163	3	examine	examine	VERB
abr-152	163	4	the	the	DET
abr-152	163	5	effect	effect	NOUN
abr-152	163	6	of	of	ADP
abr-152	163	7	section	section	NOUN
abr-152	163	8	404	404	NUM
abr-152	163	9	compliance	compliance	NOUN
abr-152	163	10	on	on	ADP
abr-152	163	11	the	the	DET
abr-152	163	12	long	long	ADJ
abr-152	163	13	-	-	PUNCT
abr-152	163	14	term	term	NOUN
abr-152	163	15	performance	performance	NOUN
abr-152	163	16	of	of	ADP
abr-152	163	17	the	the	DET
abr-152	163	18	ipo	ipo	NOUN
abr-152	163	19	firms	firm	NOUN
abr-152	163	20	.	.	PUNCT
abr-152	164	1	long	long	ADJ
abr-152	164	2	-	-	PUNCT
abr-152	164	3	term	term	NOUN
abr-152	164	4	performance	performance	NOUN
abr-152	164	5	is	be	AUX
abr-152	164	6	measured	measure	VERB
abr-152	164	7	using	use	VERB
abr-152	164	8	long	long	ADJ
abr-152	164	9	term	term	NOUN
abr-152	164	10	abnormal	abnormal	ADJ
abr-152	164	11	stock	stock	NOUN
abr-152	164	12	returns	return	NOUN
abr-152	164	13	over	over	ADP
abr-152	164	14	three	three	NUM
abr-152	164	15	time	time	NOUN
abr-152	164	16	intervals	interval	NOUN
abr-152	164	17	of	of	ADP
abr-152	164	18	6	6	NUM
abr-152	164	19	months	month	NOUN
abr-152	164	20	,	,	PUNCT
abr-152	164	21	12	12	NUM
abr-152	164	22	months	month	NOUN
abr-152	164	23	,	,	PUNCT
abr-152	164	24	and	and	CCONJ
abr-152	164	25	24	24	NUM
abr-152	164	26	months	month	NOUN
abr-152	164	27	after	after	ADP
abr-152	164	28	the	the	DET
abr-152	164	29	issue4	issue4	PROPN
abr-152	164	30	.	.	PUNCT
abr-152	165	1	we	we	PRON
abr-152	165	2	follow	follow	VERB
abr-152	165	3	the	the	DET
abr-152	165	4	standard	standard	ADJ
abr-152	165	5	measurement	measurement	NOUN
abr-152	165	6	procedure	procedure	NOUN
abr-152	165	7	utilized	utilize	VERB
abr-152	165	8	in	in	ADP
abr-152	165	9	the	the	DET
abr-152	165	10	ipo	ipo	PROPN
abr-152	165	11	and	and	CCONJ
abr-152	165	12	acquisition	acquisition	NOUN
abr-152	165	13	literature	literature	NOUN
abr-152	165	14	(	(	PUNCT
abr-152	165	15	see	see	VERB
abr-152	165	16	,	,	PUNCT
abr-152	165	17	e.g.	e.g.	ADV
abr-152	165	18	,	,	PUNCT
abr-152	165	19	brav	brav	PROPN
abr-152	165	20	and	and	CCONJ
abr-152	165	21	gompers	gomper	NOUN
abr-152	165	22	1997	1997	NUM
abr-152	165	23	;	;	PUNCT
abr-152	165	24	field	field	NOUN
abr-152	165	25	and	and	CCONJ
abr-152	165	26	karpoff	karpoff	ADP
abr-152	165	27	2002	2002	NUM
abr-152	165	28	)	)	PUNCT
abr-152	165	29	,	,	PUNCT
abr-152	165	30	where	where	SCONJ
abr-152	165	31	we	we	PRON
abr-152	165	32	calculate	calculate	VERB
abr-152	165	33	the	the	DET
abr-152	165	34	issuer	issuer	NOUN
abr-152	165	35	’s	’s	PART
abr-152	165	36	factor	factor	NOUN
abr-152	165	37	-	-	PUNCT
abr-152	165	38	adjusted	adjust	VERB
abr-152	165	39	abnormal	abnormal	ADJ
abr-152	165	40	return	return	NOUN
abr-152	165	41	over	over	ADP
abr-152	165	42	each	each	DET
abr-152	165	43	time	time	NOUN
abr-152	165	44	horizon	horizon	NOUN
abr-152	165	45	based	base	VERB
abr-152	165	46	on	on	ADP
abr-152	165	47	the	the	DET
abr-152	165	48	fama	fama	NOUN
abr-152	165	49	and	and	CCONJ
abr-152	165	50	french	french	ADJ
abr-152	165	51	(	(	PUNCT
abr-152	165	52	1992	1992	NUM
abr-152	165	53	)	)	PUNCT
abr-152	165	54	three	three	NUM
abr-152	165	55	factor	factor	NOUN
abr-152	165	56	model	model	NOUN
abr-152	165	57	.	.	PUNCT
abr-152	166	1	to	to	PART
abr-152	166	2	prevent	prevent	VERB
abr-152	166	3	survivorship	survivorship	NOUN
abr-152	166	4	bias	bias	NOUN
abr-152	166	5	from	from	ADP
abr-152	166	6	confounding	confound	VERB
abr-152	166	7	the	the	DET
abr-152	166	8	returns	return	NOUN
abr-152	166	9	estimation	estimation	NOUN
abr-152	166	10	procedure	procedure	NOUN
abr-152	166	11	,	,	PUNCT
abr-152	166	12	returns	return	NOUN
abr-152	166	13	are	be	AUX
abr-152	166	14	calculated	calculate	VERB
abr-152	166	15	for	for	ADP
abr-152	166	16	the	the	DET
abr-152	166	17	24	24	NUM
abr-152	166	18	month	month	NOUN
abr-152	166	19	post	post	ADJ
abr-152	166	20	-	-	ADJ
abr-152	166	21	ipo	ipo	ADJ
abr-152	166	22	period	period	NOUN
abr-152	166	23	or	or	CCONJ
abr-152	166	24	until	until	ADP
abr-152	166	25	delisting	delist	VERB
abr-152	166	26	.	.	PUNCT
abr-152	167	1	we	we	PRON
abr-152	167	2	estimate	estimate	VERB
abr-152	167	3	the	the	DET
abr-152	167	4	regression	regression	NOUN
abr-152	167	5	model	model	NOUN
abr-152	167	6	as	as	SCONJ
abr-152	167	7	follows	follow	VERB
abr-152	167	8	:	:	PUNCT
abr-152	167	9	(	(	PUNCT
abr-152	167	10	2	2	X
abr-152	167	11	)	)	PUNCT
abr-152	167	12	where	where	SCONJ
abr-152	167	13	bhars	bhar	NOUN
abr-152	167	14	is	be	AUX
abr-152	167	15	the	the	DET
abr-152	167	16	long	long	ADJ
abr-152	167	17	run	run	NOUN
abr-152	167	18	abnormal	abnormal	ADJ
abr-152	167	19	returns	return	NOUN
abr-152	167	20	over	over	ADP
abr-152	167	21	6	6	NUM
abr-152	167	22	months	month	NOUN
abr-152	167	23	,	,	PUNCT
abr-152	167	24	12	12	NUM
abr-152	167	25	months	month	NOUN
abr-152	167	26	,	,	PUNCT
abr-152	167	27	and	and	CCONJ
abr-152	167	28	24	24	NUM
abr-152	167	29	months	month	NOUN
abr-152	167	30	respectively	respectively	ADV
abr-152	167	31	,	,	PUNCT
abr-152	167	32	eps	eps	PROPN
abr-152	167	33	is	be	AUX
abr-152	167	34	earnings	earning	NOUN
abr-152	167	35	per	per	ADP
abr-152	167	36	share	share	NOUN
abr-152	167	37	(	(	PUNCT
abr-152	167	38	basic	basic	ADJ
abr-152	167	39	)	)	PUNCT
abr-152	167	40	,	,	PUNCT
abr-152	167	41	leverage	leverage	NOUN
abr-152	167	42	is	be	AUX
abr-152	167	43	total	total	ADJ
abr-152	168	1	long	long	ADJ
abr-152	168	2	term	term	NOUN
abr-152	168	3	debt	debt	NOUN
abr-152	168	4	/	/	SYM
abr-152	168	5	total	total	ADJ
abr-152	168	6	assets	asset	NOUN
abr-152	168	7	.	.	PUNCT
abr-152	169	1	all	all	DET
abr-152	169	2	other	other	ADJ
abr-152	169	3	variables	variable	NOUN
abr-152	169	4	are	be	AUX
abr-152	169	5	previously	previously	ADV
abr-152	169	6	defined	define	VERB
abr-152	169	7	.	.	PUNCT
abr-152	170	1	results	result	VERB
abr-152	170	2	3	3	NUM
abr-152	170	3	we	we	PRON
abr-152	170	4	also	also	ADV
abr-152	170	5	use	use	VERB
abr-152	170	6	the	the	DET
abr-152	170	7	log	log	NOUN
abr-152	170	8	of	of	ADP
abr-152	170	9	market	market	NOUN
abr-152	170	10	value	value	NOUN
abr-152	170	11	with	with	ADP
abr-152	170	12	qualitatively	qualitatively	ADV
abr-152	170	13	similar	similar	ADJ
abr-152	170	14	results	result	NOUN
abr-152	170	15	.	.	PUNCT
abr-152	171	1	4	4	X
abr-152	171	2	we	we	PRON
abr-152	171	3	also	also	ADV
abr-152	171	4	use	use	VERB
abr-152	171	5	industry	industry	NOUN
abr-152	171	6	adjusted	adjust	VERB
abr-152	171	7	roa	roa	NOUN
abr-152	171	8	as	as	ADP
abr-152	171	9	a	a	DET
abr-152	171	10	performance	performance	NOUN
abr-152	171	11	measure	measure	NOUN
abr-152	171	12	,	,	PUNCT
abr-152	171	13	with	with	ADP
abr-152	171	14	qualitatively	qualitatively	ADV
abr-152	171	15	similar	similar	ADJ
abr-152	171	16	results	result	NOUN
abr-152	171	17	.	.	PUNCT
abr-152	172	1	ipo	ipo	NOUN
abr-152	172	2	firms	firm	NOUN
abr-152	172	3	and	and	CCONJ
abr-152	172	4	sox	sox	PROPN
abr-152	172	5	404	404	NUM
abr-152	172	6	compliance	compliance	NOUN
abr-152	172	7	22	22	NUM
abr-152	172	8	we	we	PRON
abr-152	172	9	first	first	ADV
abr-152	172	10	provide	provide	VERB
abr-152	172	11	the	the	DET
abr-152	172	12	descriptive	descriptive	ADJ
abr-152	172	13	statistics	statistic	NOUN
abr-152	172	14	regarding	regard	VERB
abr-152	172	15	underpricing	underprice	VERB
abr-152	172	16	and	and	CCONJ
abr-152	172	17	post	post	ADJ
abr-152	172	18	-	-	ADJ
abr-152	172	19	ipo	ipo	ADJ
abr-152	172	20	performance	performance	NOUN
abr-152	172	21	.	.	PUNCT
abr-152	173	1	these	these	DET
abr-152	173	2	results	result	NOUN
abr-152	173	3	are	be	AUX
abr-152	173	4	shown	show	VERB
abr-152	173	5	in	in	ADP
abr-152	173	6	table	table	NOUN
abr-152	173	7	2	2	NUM
abr-152	173	8	.	.	PUNCT
abr-152	173	9	table	table	NOUN
abr-152	173	10	2	2	NUM
abr-152	173	11	.	.	NOUN
abr-152	173	12	underpricing	underprice	VERB
abr-152	173	13	and	and	CCONJ
abr-152	173	14	post	post	ADJ
abr-152	173	15	-	-	ADJ
abr-152	173	16	ipo	ipo	ADJ
abr-152	173	17	performance	performance	NOUN
abr-152	173	18	:	:	PUNCT
abr-152	173	19	univariate	univariate	ADJ
abr-152	173	20	tests	test	NOUN
abr-152	173	21	panel	panel	VERB
abr-152	173	22	a	a	PRON
abr-152	173	23	:	:	PUNCT
abr-152	173	24	full	full	ADJ
abr-152	173	25	sample	sample	NOUN
abr-152	173	26	n	n	PRON
abr-152	173	27	mean	mean	VERB
abr-152	173	28	median	median	ADJ
abr-152	173	29	%	%	NOUN
abr-152	173	30	of	of	ADP
abr-152	173	31	vc	vc	PROPN
abr-152	173	32	back	back	ADV
abr-152	173	33	46	46	NUM
abr-152	173	34	%	%	NOUN
abr-152	173	35	%	%	NOUN
abr-152	173	36	of	of	ADP
abr-152	173	37	big4	big4	PROPN
abr-152	173	38	auditor	auditor	NOUN
abr-152	173	39	87	87	NUM
abr-152	173	40	%	%	NOUN
abr-152	173	41	underpricing	underprice	VERB
abr-152	173	42	437	437	NUM
abr-152	173	43	12.36	12.36	NUM
abr-152	173	44	%	%	NOUN
abr-152	173	45	8.70	8.70	NUM
abr-152	173	46	%	%	NOUN
abr-152	173	47	bhars	bhar	VERB
abr-152	173	48	6	6	NUM
abr-152	173	49	mos	mos	NOUN
abr-152	173	50	493	493	NUM
abr-152	173	51	-0.83	-0.83	NUM
abr-152	173	52	%	%	NOUN
abr-152	173	53	-5.67	-5.67	NUM
abr-152	173	54	%	%	NOUN
abr-152	173	55	bhars	bhar	VERB
abr-152	173	56	12	12	NUM
abr-152	173	57	mos	mos	NOUN
abr-152	173	58	493	493	NUM
abr-152	173	59	4.85	4.85	NUM
abr-152	173	60	%	%	NOUN
abr-152	173	61	-4.47	-4.47	NUM
abr-152	173	62	%	%	NOUN
abr-152	173	63	bhars	bhar	VERB
abr-152	173	64	24	24	NUM
abr-152	173	65	mos	mos	PROPN
abr-152	173	66	493	493	NUM
abr-152	173	67	-0.90	-0.90	NUM
abr-152	173	68	%	%	NOUN
abr-152	173	69	-17.56	-17.56	NUM
abr-152	173	70	%	%	NOUN
abr-152	173	71	panel	panel	NOUN
abr-152	173	72	b	b	NOUN
abr-152	173	73	:	:	PUNCT
abr-152	173	74	comparison	comparison	NOUN
abr-152	173	75	between	between	ADP
abr-152	173	76	ipo	ipo	NOUN
abr-152	173	77	firms	firm	NOUN
abr-152	173	78	comply	comply	VERB
abr-152	173	79	with	with	ADP
abr-152	173	80	sox	sox	PROPN
abr-152	173	81	404	404	NUM
abr-152	173	82	and	and	CCONJ
abr-152	173	83	ipo	ipo	NOUN
abr-152	173	84	firms	firm	NOUN
abr-152	173	85	do	do	AUX
abr-152	173	86	not	not	PART
abr-152	173	87	comply	comply	VERB
abr-152	173	88	sox	sox	PROPN
abr-152	173	89	404	404	NUM
abr-152	173	90	compliance	compliance	NOUN
abr-152	173	91	no	no	DET
abr-152	173	92	-	-	PUNCT
abr-152	173	93	compliance	compliance	NOUN
abr-152	174	1	n	n	NOUN
abr-152	174	2	mean	mean	VERB
abr-152	174	3	media	medium	NOUN
abr-152	174	4	n	n	CCONJ
abr-152	174	5	n	n	ADV
abr-152	174	6	mean	mean	VERB
abr-152	174	7	median	median	ADJ
abr-152	174	8	underpricing	underprice	VERB
abr-152	174	9	82	82	NUM
abr-152	174	10	12.09	12.09	NUM
abr-152	174	11	%	%	NOUN
abr-152	174	12	7.91	7.91	NUM
abr-152	174	13	%	%	NOUN
abr-152	174	14	355	355	NUM
abr-152	174	15	12.46	12.46	NUM
abr-152	174	16	%	%	NOUN
abr-152	174	17	9.00	9.00	NUM
abr-152	174	18	%	%	NOUN
abr-152	174	19	bhars	bhar	VERB
abr-152	174	20	6	6	NUM
abr-152	174	21	mos	mos	NOUN
abr-152	174	22	98	98	NUM
abr-152	174	23	-3.07	-3.07	NUM
abr-152	174	24	%	%	NOUN
abr-152	174	25	-6.84	-6.84	NOUN
abr-152	174	26	%	%	NOUN
abr-152	174	27	395	395	NUM
abr-152	174	28	-0.27	-0.27	ADJ
abr-152	174	29	%	%	NOUN
abr-152	174	30	-5.41	-5.41	NUM
abr-152	174	31	%	%	NOUN
abr-152	174	32	bhars	bhar	VERB
abr-152	174	33	12	12	NUM
abr-152	174	34	mos	mos	NOUN
abr-152	174	35	98	98	NUM
abr-152	174	36	3.74	3.74	NUM
abr-152	174	37	%	%	NOUN
abr-152	174	38	-7.45	-7.45	NOUN
abr-152	174	39	%	%	NOUN
abr-152	174	40	395	395	NUM
abr-152	174	41	5.13	5.13	NUM
abr-152	174	42	%	%	NOUN
abr-152	174	43	-3.01	-3.01	NOUN
abr-152	174	44	%	%	NOUN
abr-152	174	45	bhars	bhar	VERB
abr-152	174	46	24	24	NUM
abr-152	174	47	mos	mos	NOUN
abr-152	174	48	98	98	NUM
abr-152	174	49	0.68	0.68	NUM
abr-152	174	50	%	%	NOUN
abr-152	174	51	-6.84	-6.84	NOUN
abr-152	174	52	%	%	NOUN
abr-152	175	1	395	395	NUM
abr-152	175	2	-1.30	-1.30	NOUN
abr-152	175	3	%	%	NOUN
abr-152	175	4	-19.28	-19.28	PUNCT
abr-152	175	5	%	%	NOUN
abr-152	175	6	panel	panel	NOUN
abr-152	175	7	c	c	NOUN
abr-152	175	8	:	:	PUNCT
abr-152	175	9	comparison	comparison	NOUN
abr-152	175	10	among	among	ADP
abr-152	175	11	ipo	ipo	NOUN
abr-152	175	12	firms	firm	NOUN
abr-152	175	13	compliant	compliant	ADJ
abr-152	175	14	with	with	ADP
abr-152	175	15	sox	sox	PROPN
abr-152	175	16	404	404	NUM
abr-152	175	17	,	,	PUNCT
abr-152	175	18	firms	firm	NOUN
abr-152	175	19	compliant	compliant	VERB
abr-152	175	20	with	with	ADP
abr-152	175	21	404(a	404(a	NOUN
abr-152	175	22	)	)	PUNCT
abr-152	175	23	,	,	PUNCT
abr-152	175	24	and	and	CCONJ
abr-152	175	25	firms	firm	NOUN
abr-152	175	26	that	that	PRON
abr-152	175	27	are	be	AUX
abr-152	175	28	not	not	PART
abr-152	175	29	compliant	compliant	ADJ
abr-152	175	30	compliance	compliance	NOUN
abr-152	175	31	manager	manager	NOUN
abr-152	175	32	only	only	ADV
abr-152	175	33	none	none	NOUN
abr-152	176	1	n	n	PRON
abr-152	176	2	means	mean	VERB
abr-152	176	3	media	medium	NOUN
abr-152	176	4	n	n	PRON
abr-152	176	5	n	n	NOUN
abr-152	176	6	means	mean	VERB
abr-152	176	7	median	median	PROPN
abr-152	176	8	n	n	PROPN
abr-152	176	9	means	mean	VERB
abr-152	176	10	median	median	ADJ
abr-152	176	11	underpricing	underprice	VERB
abr-152	176	12	82	82	NUM
abr-152	176	13	12.09	12.09	NUM
abr-152	176	14	%	%	NOUN
abr-152	176	15	7.91	7.91	NUM
abr-152	176	16	%	%	NOUN
abr-152	176	17	248	248	NUM
abr-152	176	18	12.60	12.60	NUM
abr-152	176	19	%	%	NOUN
abr-152	176	20	9.40	9.40	NUM
abr-152	176	21	%	%	NOUN
abr-152	176	22	107	107	NUM
abr-152	176	23	12.02	12.02	NUM
abr-152	176	24	%	%	NOUN
abr-152	176	25	7.43	7.43	NUM
abr-152	176	26	%	%	NOUN
abr-152	176	27	bhars	bhar	VERB
abr-152	176	28	6	6	NUM
abr-152	176	29	mos	mos	NOUN
abr-152	176	30	98	98	NUM
abr-152	176	31	-3.07	-3.07	NUM
abr-152	176	32	%	%	NOUN
abr-152	176	33	-6.84	-6.84	NOUN
abr-152	176	34	%	%	NOUN
abr-152	176	35	275	275	NUM
abr-152	176	36	-1.52	-1.52	NUM
abr-152	176	37	%	%	NOUN
abr-152	176	38	-8.00	-8.00	NUM
abr-152	176	39	%	%	NOUN
abr-152	176	40	120	120	NUM
abr-152	176	41	2.60	2.60	NUM
abr-152	176	42	%	%	NOUN
abr-152	176	43	-1.96	-1.96	NUM
abr-152	176	44	%	%	NOUN
abr-152	176	45	bhars	bhar	VERB
abr-152	176	46	12	12	NUM
abr-152	176	47	mos	mos	NOUN
abr-152	176	48	98	98	NUM
abr-152	176	49	3.74	3.74	NUM
abr-152	176	50	%	%	NOUN
abr-152	176	51	-7.45	-7.45	NOUN
abr-152	176	52	%	%	NOUN
abr-152	176	53	275	275	NUM
abr-152	176	54	3.57	3.57	NUM
abr-152	176	55	%	%	NOUN
abr-152	176	56	-3.00	-3.00	NUM
abr-152	176	57	%	%	NOUN
abr-152	176	58	120	120	NUM
abr-152	176	59	8.70	8.70	NUM
abr-152	176	60	%	%	NOUN
abr-152	176	61	-1.33	-1.33	NUM
abr-152	176	62	%	%	NOUN
abr-152	176	63	bhars	bhar	VERB
abr-152	176	64	24	24	NUM
abr-152	176	65	mos	mos	NOUN
abr-152	176	66	98	98	NUM
abr-152	176	67	0.68	0.68	NUM
abr-152	176	68	%	%	NOUN
abr-152	176	69	-6.84	-6.84	NOUN
abr-152	176	70	%	%	NOUN
abr-152	177	1	275	275	NUM
abr-152	177	2	-0.21	-0.21	NUM
abr-152	177	3	%	%	NOUN
abr-152	177	4	-19.30	-19.30	NOUN
abr-152	177	5	%	%	NOUN
abr-152	177	6	120	120	NUM
abr-152	177	7	-3.79	-3.79	NUM
abr-152	177	8	%	%	NOUN
abr-152	177	9	19.22	19.22	NUM
abr-152	177	10	%	%	NOUN
abr-152	177	11	panel	panel	NOUN
abr-152	177	12	a	a	PRON
abr-152	177	13	provides	provide	VERB
abr-152	177	14	descriptive	descriptive	ADJ
abr-152	177	15	statistics	statistic	NOUN
abr-152	177	16	for	for	ADP
abr-152	177	17	underpricing	underprice	VERB
abr-152	177	18	and	and	CCONJ
abr-152	177	19	post	post	ADJ
abr-152	177	20	-	-	ADJ
abr-152	177	21	ipo	ipo	ADJ
abr-152	177	22	performance	performance	NOUN
abr-152	177	23	for	for	ADP
abr-152	177	24	the	the	DET
abr-152	177	25	overall	overall	ADJ
abr-152	177	26	sample	sample	NOUN
abr-152	177	27	.	.	PUNCT
abr-152	178	1	sample	sample	NOUN
abr-152	178	2	ipo	ipo	NOUN
abr-152	178	3	firms	firm	NOUN
abr-152	178	4	exhibit	exhibit	VERB
abr-152	178	5	mean	mean	VERB
abr-152	178	6	(	(	PUNCT
abr-152	178	7	median	median	ADJ
abr-152	178	8	)	)	PUNCT
abr-152	178	9	underpricing	underpricing	NOUN
abr-152	178	10	of	of	ADP
abr-152	178	11	12.36	12.36	NUM
abr-152	178	12	%	%	NOUN
abr-152	178	13	(	(	PUNCT
abr-152	178	14	8.70	8.70	NUM
abr-152	178	15	%	%	NOUN
abr-152	178	16	)	)	PUNCT
abr-152	178	17	.	.	PUNCT
abr-152	179	1	mean	mean	VERB
abr-152	179	2	(	(	PUNCT
abr-152	179	3	median	median	ADJ
abr-152	179	4	)	)	PUNCT
abr-152	179	5	industryadjusted	industryadjuste	VERB
abr-152	179	6	,	,	PUNCT
abr-152	179	7	buy	buy	VERB
abr-152	179	8	and	and	CCONJ
abr-152	179	9	hold	hold	VERB
abr-152	179	10	abnormal	abnormal	ADJ
abr-152	179	11	returns	return	NOUN
abr-152	179	12	for	for	ADP
abr-152	179	13	sample	sample	NOUN
abr-152	179	14	firms	firm	NOUN
abr-152	179	15	overall	overall	ADV
abr-152	179	16	are	be	AUX
abr-152	179	17	-0.83	-0.83	PRON
abr-152	179	18	%	%	NOUN
abr-152	179	19	(	(	PUNCT
abr-152	179	20	-5.67	-5.67	NUM
abr-152	179	21	%	%	NOUN
abr-152	179	22	)	)	PUNCT
abr-152	179	23	over	over	ADP
abr-152	179	24	the	the	DET
abr-152	179	25	first	first	ADJ
abr-152	179	26	6	6	NUM
abr-152	179	27	months	month	NOUN
abr-152	179	28	following	follow	VERB
abr-152	179	29	the	the	DET
abr-152	179	30	ipo	ipo	NOUN
abr-152	179	31	,	,	PUNCT
abr-152	179	32	consistent	consistent	ADJ
abr-152	179	33	with	with	ADP
abr-152	179	34	research	research	NOUN
abr-152	179	35	documenting	document	VERB
abr-152	179	36	underperformance	underperformance	NOUN
abr-152	179	37	.	.	PUNCT
abr-152	180	1	over	over	ADP
abr-152	180	2	the	the	DET
abr-152	180	3	first	first	ADJ
abr-152	180	4	12	12	NUM
abr-152	180	5	months	month	NOUN
abr-152	180	6	following	follow	VERB
abr-152	180	7	the	the	DET
abr-152	180	8	ipo	ipo	NOUN
abr-152	180	9	,	,	PUNCT
abr-152	180	10	mean	mean	INTJ
abr-152	180	11	(	(	PUNCT
abr-152	180	12	median	median	ADJ
abr-152	180	13	)	)	PUNCT
abr-152	180	14	post	post	ADJ
abr-152	180	15	-	-	ADJ
abr-152	180	16	ipo	ipo	ADJ
abr-152	180	17	performance	performance	NOUN
abr-152	180	18	is	be	AUX
abr-152	180	19	4.85	4.85	NUM
abr-152	180	20	%	%	NOUN
abr-152	180	21	(	(	PUNCT
abr-152	180	22	-4.47	-4.47	NOUN
abr-152	180	23	%	%	NOUN
abr-152	180	24	)	)	PUNCT
abr-152	180	25	,	,	PUNCT
abr-152	180	26	respectively	respectively	ADV
abr-152	180	27	.	.	PUNCT
abr-152	181	1	over	over	ADP
abr-152	181	2	the	the	DET
abr-152	181	3	two	two	NUM
abr-152	181	4	years	year	NOUN
abr-152	181	5	following	follow	VERB
abr-152	181	6	the	the	DET
abr-152	181	7	ipo	ipo	NOUN
abr-152	181	8	,	,	PUNCT
abr-152	181	9	sample	sample	NOUN
abr-152	181	10	firms	firm	NOUN
abr-152	181	11	experience	experience	VERB
abr-152	181	12	underperformance	underperformance	NOUN
abr-152	181	13	of	of	ADP
abr-152	181	14	-0.90	-0.90	NUM
abr-152	181	15	(	(	PUNCT
abr-152	181	16	17.56	17.56	NUM
abr-152	181	17	%	%	NOUN
abr-152	181	18	)	)	PUNCT
abr-152	181	19	relative	relative	ADJ
abr-152	181	20	to	to	ADP
abr-152	181	21	the	the	DET
abr-152	181	22	industry	industry	NOUN
abr-152	181	23	.	.	PUNCT
abr-152	182	1	panel	panel	NOUN
abr-152	182	2	b	b	PROPN
abr-152	182	3	breaks	break	VERB
abr-152	182	4	down	down	ADP
abr-152	182	5	the	the	DET
abr-152	182	6	sample	sample	NOUN
abr-152	182	7	by	by	ADP
abr-152	182	8	firms	firm	NOUN
abr-152	182	9	that	that	PRON
abr-152	182	10	are	be	AUX
abr-152	182	11	compliant	compliant	ADJ
abr-152	182	12	with	with	ADP
abr-152	182	13	sox	sox	PROPN
abr-152	182	14	404	404	NUM
abr-152	182	15	,	,	PUNCT
abr-152	182	16	in	in	SCONJ
abr-152	182	17	that	that	SCONJ
abr-152	182	18	they	they	PRON
abr-152	182	19	disclose	disclose	VERB
abr-152	182	20	internal	internal	ADJ
abr-152	182	21	control	control	NOUN
abr-152	182	22	information	information	NOUN
abr-152	182	23	at	at	ADP
abr-152	182	24	the	the	DET
abr-152	182	25	time	time	NOUN
abr-152	182	26	of	of	ADP
abr-152	182	27	the	the	DET
abr-152	182	28	ipo	ipo	NOUN
abr-152	182	29	,	,	PUNCT
abr-152	182	30	versus	versus	ADP
abr-152	182	31	those	those	PRON
abr-152	182	32	that	that	PRON
abr-152	182	33	do	do	VERB
abr-152	182	34	not	not	PART
abr-152	182	35	.	.	PUNCT
abr-152	183	1	firms	firm	NOUN
abr-152	183	2	that	that	PRON
abr-152	183	3	are	be	AUX
abr-152	183	4	compliant	compliant	ADJ
abr-152	183	5	exhibit	exhibit	NOUN
abr-152	183	6	lower	lower	ADV
abr-152	183	7	mean	mean	ADJ
abr-152	183	8	and	and	CCONJ
abr-152	183	9	median	median	ADJ
abr-152	183	10	underpricing	underpricing	NOUN
abr-152	183	11	versus	versus	ADP
abr-152	183	12	those	those	PRON
abr-152	183	13	that	that	PRON
abr-152	183	14	are	be	AUX
abr-152	183	15	not	not	PART
abr-152	183	16	.	.	PUNCT
abr-152	184	1	for	for	ADP
abr-152	184	2	the	the	DET
abr-152	184	3	6	6	NUM
abr-152	184	4	and	and	CCONJ
abr-152	184	5	12	12	NUM
abr-152	184	6	month	month	NOUN
abr-152	184	7	horizon	horizon	NOUN
abr-152	184	8	immediately	immediately	ADV
abr-152	184	9	following	follow	VERB
abr-152	184	10	the	the	DET
abr-152	184	11	ipo	ipo	NOUN
abr-152	184	12	,	,	PUNCT
abr-152	184	13	compliant	compliant	ADJ
abr-152	184	14	firms	firm	NOUN
abr-152	184	15	have	have	VERB
abr-152	184	16	inferior	inferior	ADJ
abr-152	184	17	performance	performance	NOUN
abr-152	184	18	and	and	CCONJ
abr-152	184	19	underperform	underperform	NOUN
abr-152	184	20	as	as	SCONJ
abr-152	184	21	compared	compare	VERB
abr-152	184	22	to	to	ADP
abr-152	184	23	noncompliant	noncompliant	ADJ
abr-152	184	24	firms	firm	NOUN
abr-152	184	25	.	.	PUNCT
abr-152	185	1	for	for	ADP
abr-152	185	2	the	the	DET
abr-152	185	3	24	24	NUM
abr-152	185	4	month	month	NOUN
abr-152	185	5	post	post	ADJ
abr-152	185	6	-	-	ADJ
abr-152	185	7	ipo	ipo	ADJ
abr-152	185	8	horizon	horizon	NOUN
abr-152	185	9	,	,	PUNCT
abr-152	185	10	compliant	compliant	ADJ
abr-152	185	11	firms	firm	NOUN
abr-152	185	12	exhibit	exhibit	VERB
abr-152	185	13	superior	superior	ADJ
abr-152	185	14	performance	performance	NOUN
abr-152	185	15	versus	versus	ADP
abr-152	185	16	noncompliant	noncompliant	ADJ
abr-152	185	17	firms	firm	NOUN
abr-152	185	18	according	accord	VERB
abr-152	185	19	to	to	ADP
abr-152	185	20	the	the	DET
abr-152	185	21	mean	mean	ADJ
abr-152	185	22	value	value	NOUN
abr-152	185	23	of	of	ADP
abr-152	185	24	the	the	DET
abr-152	185	25	returns	return	NOUN
abr-152	185	26	,	,	PUNCT
abr-152	185	27	however	however	ADV
abr-152	185	28	the	the	DET
abr-152	185	29	median	median	ADJ
abr-152	185	30	value	value	NOUN
abr-152	185	31	for	for	ADP
abr-152	185	32	returns	return	NOUN
abr-152	185	33	of	of	ADP
abr-152	185	34	compliant	compliant	ADJ
abr-152	185	35	firms	firm	NOUN
abr-152	185	36	is	be	AUX
abr-152	185	37	much	much	ADV
abr-152	185	38	lower	low	ADJ
abr-152	185	39	than	than	ADP
abr-152	185	40	noncompliant	noncompliant	ADJ
abr-152	185	41	firms	firm	NOUN
abr-152	185	42	.	.	PUNCT
abr-152	186	1	these	these	DET
abr-152	186	2	results	result	NOUN
abr-152	186	3	provide	provide	VERB
abr-152	186	4	evidence	evidence	NOUN
abr-152	186	5	that	that	SCONJ
abr-152	186	6	compliance	compliance	NOUN
abr-152	186	7	huang	huang	PROPN
abr-152	186	8	et	et	PROPN
abr-152	186	9	al	al	PROPN
abr-152	186	10	.	.	PROPN
abr-152	186	11	23	23	NUM
abr-152	186	12	with	with	SCONJ
abr-152	186	13	sox	sox	PROPN
abr-152	186	14	404	404	NUM
abr-152	186	15	is	be	AUX
abr-152	186	16	perceived	perceive	VERB
abr-152	186	17	by	by	ADP
abr-152	186	18	the	the	DET
abr-152	186	19	market	market	NOUN
abr-152	186	20	as	as	ADP
abr-152	186	21	providing	provide	VERB
abr-152	186	22	a	a	DET
abr-152	186	23	reduction	reduction	NOUN
abr-152	186	24	in	in	ADP
abr-152	186	25	risk	risk	NOUN
abr-152	186	26	at	at	ADP
abr-152	186	27	the	the	DET
abr-152	186	28	time	time	NOUN
abr-152	186	29	of	of	ADP
abr-152	186	30	the	the	DET
abr-152	186	31	ipo	ipo	NOUN
abr-152	186	32	,	,	PUNCT
abr-152	186	33	as	as	SCONJ
abr-152	186	34	reflected	reflect	VERB
abr-152	186	35	in	in	ADP
abr-152	186	36	lower	low	ADJ
abr-152	186	37	underpricing	underpricing	NOUN
abr-152	186	38	.	.	PUNCT
abr-152	187	1	however	however	ADV
abr-152	187	2	,	,	PUNCT
abr-152	187	3	firms	firm	NOUN
abr-152	187	4	that	that	PRON
abr-152	187	5	incur	incur	VERB
abr-152	187	6	the	the	DET
abr-152	187	7	costs	cost	NOUN
abr-152	187	8	of	of	ADP
abr-152	187	9	compliance	compliance	NOUN
abr-152	187	10	do	do	AUX
abr-152	187	11	not	not	PART
abr-152	187	12	appear	appear	VERB
abr-152	187	13	to	to	PART
abr-152	187	14	outperform	outperform	VERB
abr-152	187	15	those	those	PRON
abr-152	187	16	that	that	PRON
abr-152	187	17	do	do	AUX
abr-152	187	18	not	not	PART
abr-152	187	19	comply	comply	VERB
abr-152	187	20	.	.	PUNCT
abr-152	188	1	panel	panel	NOUN
abr-152	188	2	c	c	PROPN
abr-152	188	3	provides	provide	VERB
abr-152	188	4	descriptive	descriptive	ADJ
abr-152	188	5	statistics	statistic	NOUN
abr-152	188	6	on	on	ADP
abr-152	188	7	underpricing	underprice	VERB
abr-152	188	8	and	and	CCONJ
abr-152	188	9	post	post	ADJ
abr-152	188	10	-	-	ADJ
abr-152	188	11	ipo	ipo	ADJ
abr-152	188	12	performance	performance	NOUN
abr-152	188	13	for	for	ADP
abr-152	188	14	firms	firm	NOUN
abr-152	188	15	that	that	PRON
abr-152	188	16	are	be	AUX
abr-152	188	17	fully	fully	ADV
abr-152	188	18	compliant	compliant	ADJ
abr-152	188	19	with	with	ADP
abr-152	188	20	sox	sox	PROPN
abr-152	188	21	404	404	NUM
abr-152	188	22	,	,	PUNCT
abr-152	188	23	those	those	PRON
abr-152	188	24	that	that	PRON
abr-152	188	25	provide	provide	VERB
abr-152	188	26	only	only	ADV
abr-152	188	27	a	a	DET
abr-152	188	28	managerial	managerial	ADJ
abr-152	188	29	discussion	discussion	NOUN
abr-152	188	30	of	of	ADP
abr-152	188	31	internal	internal	ADJ
abr-152	188	32	controls	control	NOUN
abr-152	188	33	,	,	PUNCT
abr-152	188	34	and	and	CCONJ
abr-152	188	35	those	those	PRON
abr-152	188	36	that	that	PRON
abr-152	188	37	provide	provide	VERB
abr-152	188	38	no	no	DET
abr-152	188	39	information	information	NOUN
abr-152	188	40	whatsoever	whatsoever	ADV
abr-152	188	41	at	at	ADP
abr-152	188	42	the	the	DET
abr-152	188	43	time	time	NOUN
abr-152	188	44	of	of	ADP
abr-152	188	45	the	the	DET
abr-152	188	46	ipo	ipo	NOUN
abr-152	188	47	.	.	PUNCT
abr-152	189	1	we	we	PRON
abr-152	189	2	find	find	VERB
abr-152	189	3	that	that	SCONJ
abr-152	189	4	firms	firm	NOUN
abr-152	189	5	that	that	PRON
abr-152	189	6	do	do	AUX
abr-152	189	7	not	not	PART
abr-152	189	8	comply	comply	VERB
abr-152	189	9	whatsoever	whatsoever	ADV
abr-152	189	10	exhibit	exhibit	VERB
abr-152	189	11	the	the	DET
abr-152	189	12	least	least	ADJ
abr-152	189	13	underpricing	underprice	VERB
abr-152	189	14	,	,	PUNCT
abr-152	189	15	whereas	whereas	SCONJ
abr-152	189	16	those	those	PRON
abr-152	189	17	where	where	SCONJ
abr-152	189	18	the	the	DET
abr-152	189	19	managers	manager	NOUN
abr-152	189	20	provide	provide	VERB
abr-152	189	21	an	an	DET
abr-152	189	22	assessment	assessment	NOUN
abr-152	189	23	of	of	ADP
abr-152	189	24	internal	internal	ADJ
abr-152	189	25	controls	control	NOUN
abr-152	189	26	exhibit	exhibit	VERB
abr-152	189	27	the	the	DET
abr-152	189	28	highest	high	ADJ
abr-152	189	29	mean	mean	NOUN
abr-152	189	30	(	(	PUNCT
abr-152	189	31	median	median	ADJ
abr-152	189	32	)	)	PUNCT
abr-152	189	33	levels	level	NOUN
abr-152	189	34	of	of	ADP
abr-152	189	35	underpricing	underprice	VERB
abr-152	189	36	.	.	PUNCT
abr-152	190	1	further	far	ADV
abr-152	190	2	,	,	PUNCT
abr-152	190	3	firms	firm	NOUN
abr-152	190	4	that	that	PRON
abr-152	190	5	do	do	AUX
abr-152	190	6	not	not	PART
abr-152	190	7	comply	comply	VERB
abr-152	190	8	with	with	ADP
abr-152	190	9	sox	sox	PROPN
abr-152	190	10	404	404	NUM
abr-152	190	11	exhibit	exhibit	VERB
abr-152	190	12	the	the	DET
abr-152	190	13	highest	high	ADJ
abr-152	190	14	levels	level	NOUN
abr-152	190	15	of	of	ADP
abr-152	190	16	post	post	ADJ
abr-152	190	17	-	-	ADJ
abr-152	190	18	ipo	ipo	ADJ
abr-152	190	19	performance	performance	NOUN
abr-152	190	20	over	over	ADP
abr-152	190	21	the	the	DET
abr-152	190	22	six	six	NUM
abr-152	190	23	and	and	CCONJ
abr-152	190	24	twelve	twelve	NUM
abr-152	190	25	month	month	NOUN
abr-152	190	26	performance	performance	NOUN
abr-152	190	27	assessment	assessment	NOUN
abr-152	190	28	periods	period	NOUN
abr-152	190	29	.	.	PUNCT
abr-152	191	1	over	over	ADP
abr-152	191	2	the	the	DET
abr-152	191	3	24	24	NUM
abr-152	191	4	months	month	NOUN
abr-152	191	5	following	follow	VERB
abr-152	191	6	the	the	DET
abr-152	191	7	ipo	ipo	NOUN
abr-152	191	8	,	,	PUNCT
abr-152	191	9	firms	firm	NOUN
abr-152	191	10	that	that	PRON
abr-152	191	11	are	be	AUX
abr-152	191	12	fully	fully	ADV
abr-152	191	13	compliant	compliant	ADJ
abr-152	191	14	with	with	ADP
abr-152	191	15	sox	sox	PROPN
abr-152	191	16	at	at	ADP
abr-152	191	17	the	the	DET
abr-152	191	18	time	time	NOUN
abr-152	191	19	of	of	ADP
abr-152	191	20	the	the	DET
abr-152	191	21	ipo	ipo	NOUN
abr-152	191	22	exhibit	exhibit	VERB
abr-152	191	23	the	the	DET
abr-152	191	24	highest	high	ADJ
abr-152	191	25	post	post	ADJ
abr-152	191	26	-	-	ADJ
abr-152	191	27	ipo	ipo	ADJ
abr-152	191	28	buy	buy	NOUN
abr-152	191	29	and	and	CCONJ
abr-152	191	30	hold	hold	VERB
abr-152	191	31	returns	return	NOUN
abr-152	191	32	,	,	PUNCT
abr-152	191	33	followed	follow	VERB
abr-152	191	34	by	by	ADP
abr-152	191	35	firms	firm	NOUN
abr-152	191	36	where	where	SCONJ
abr-152	191	37	management	management	NOUN
abr-152	191	38	provides	provide	VERB
abr-152	191	39	a	a	DET
abr-152	191	40	discussion	discussion	NOUN
abr-152	191	41	of	of	ADP
abr-152	191	42	internal	internal	ADJ
abr-152	191	43	controls	control	NOUN
abr-152	191	44	,	,	PUNCT
abr-152	191	45	and	and	CCONJ
abr-152	191	46	,	,	PUNCT
abr-152	191	47	lastly	lastly	ADV
abr-152	191	48	,	,	PUNCT
abr-152	191	49	by	by	ADP
abr-152	191	50	firms	firm	NOUN
abr-152	191	51	that	that	PRON
abr-152	191	52	provide	provide	VERB
abr-152	191	53	no	no	DET
abr-152	191	54	information	information	NOUN
abr-152	191	55	at	at	ADP
abr-152	191	56	the	the	DET
abr-152	191	57	time	time	NOUN
abr-152	191	58	of	of	ADP
abr-152	191	59	the	the	DET
abr-152	191	60	ipo	ipo	NOUN
abr-152	191	61	regarding	regard	VERB
abr-152	191	62	internal	internal	ADJ
abr-152	191	63	controls	control	NOUN
abr-152	191	64	.	.	PUNCT
abr-152	192	1	however	however	ADV
abr-152	192	2	,	,	PUNCT
abr-152	192	3	median	median	ADJ
abr-152	192	4	buy	buy	VERB
abr-152	192	5	and	and	CCONJ
abr-152	192	6	hold	hold	VERB
abr-152	192	7	returns	return	NOUN
abr-152	192	8	are	be	AUX
abr-152	192	9	substantially	substantially	ADV
abr-152	192	10	greater	great	ADJ
abr-152	192	11	for	for	SCONJ
abr-152	192	12	the	the	DET
abr-152	192	13	firms	firm	NOUN
abr-152	192	14	not	not	PART
abr-152	192	15	complying	comply	VERB
abr-152	192	16	with	with	ADP
abr-152	192	17	404	404	NUM
abr-152	192	18	.	.	PUNCT
abr-152	193	1	taken	take	VERB
abr-152	193	2	together	together	ADV
abr-152	193	3	,	,	PUNCT
abr-152	193	4	the	the	DET
abr-152	193	5	results	result	NOUN
abr-152	193	6	do	do	AUX
abr-152	193	7	not	not	PART
abr-152	193	8	provide	provide	VERB
abr-152	193	9	unequivocal	unequivocal	ADJ
abr-152	193	10	evidence	evidence	NOUN
abr-152	193	11	regarding	regard	VERB
abr-152	193	12	whether	whether	SCONJ
abr-152	193	13	compliance	compliance	NOUN
abr-152	193	14	with	with	ADP
abr-152	193	15	sox	sox	PROPN
abr-152	193	16	,	,	PUNCT
abr-152	193	17	or	or	CCONJ
abr-152	193	18	degrees	degree	NOUN
abr-152	193	19	of	of	ADP
abr-152	193	20	compliance	compliance	NOUN
abr-152	193	21	,	,	PUNCT
abr-152	193	22	impacts	impact	NOUN
abr-152	193	23	perceived	perceive	VERB
abr-152	193	24	risk	risk	NOUN
abr-152	193	25	of	of	ADP
abr-152	193	26	firms	firm	NOUN
abr-152	193	27	at	at	ADP
abr-152	193	28	the	the	DET
abr-152	193	29	time	time	NOUN
abr-152	193	30	of	of	ADP
abr-152	193	31	the	the	DET
abr-152	193	32	ipo	ipo	NOUN
abr-152	193	33	,	,	PUNCT
abr-152	193	34	or	or	CCONJ
abr-152	193	35	post	post	ADJ
abr-152	193	36	-	-	ADJ
abr-152	193	37	ipo	ipo	ADJ
abr-152	193	38	performance	performance	NOUN
abr-152	193	39	.	.	PUNCT
abr-152	194	1	overall	overall	ADV
abr-152	194	2	,	,	PUNCT
abr-152	194	3	these	these	DET
abr-152	194	4	results	result	NOUN
abr-152	194	5	suggest	suggest	VERB
abr-152	194	6	that	that	SCONJ
abr-152	194	7	expending	expend	VERB
abr-152	194	8	the	the	DET
abr-152	194	9	managerial	managerial	ADJ
abr-152	194	10	and	and	CCONJ
abr-152	194	11	financial	financial	ADJ
abr-152	194	12	resources	resource	NOUN
abr-152	194	13	to	to	PART
abr-152	194	14	be	be	AUX
abr-152	194	15	fully	fully	ADV
abr-152	194	16	compliant	compliant	ADJ
abr-152	194	17	with	with	ADP
abr-152	194	18	sox	sox	PROPN
abr-152	194	19	404	404	PROPN
abr-152	194	20	does	do	AUX
abr-152	194	21	not	not	PART
abr-152	194	22	either	either	ADV
abr-152	194	23	signal	signal	VERB
abr-152	194	24	superior	superior	ADJ
abr-152	194	25	future	future	ADJ
abr-152	194	26	performance	performance	NOUN
abr-152	194	27	at	at	ADP
abr-152	194	28	the	the	DET
abr-152	194	29	time	time	NOUN
abr-152	194	30	of	of	ADP
abr-152	194	31	the	the	DET
abr-152	194	32	ipo	ipo	NOUN
abr-152	194	33	or	or	CCONJ
abr-152	194	34	result	result	VERB
abr-152	194	35	in	in	ADP
abr-152	194	36	better	well	ADJ
abr-152	194	37	long	long	ADJ
abr-152	194	38	term	term	NOUN
abr-152	194	39	performance	performance	NOUN
abr-152	194	40	following	follow	VERB
abr-152	194	41	the	the	DET
abr-152	194	42	ipo	ipo	NOUN
abr-152	194	43	.	.	PUNCT
abr-152	195	1	we	we	PRON
abr-152	195	2	next	next	ADV
abr-152	195	3	investigate	investigate	VERB
abr-152	195	4	whether	whether	SCONJ
abr-152	195	5	compliance	compliance	NOUN
abr-152	195	6	or	or	CCONJ
abr-152	195	7	levels	level	NOUN
abr-152	195	8	of	of	ADP
abr-152	195	9	compliance	compliance	NOUN
abr-152	195	10	with	with	ADP
abr-152	195	11	sox	sox	PROPN
abr-152	195	12	404	404	NUM
abr-152	195	13	impact	impact	NOUN
abr-152	195	14	underpricing	underprice	VERB
abr-152	195	15	in	in	ADP
abr-152	195	16	a	a	DET
abr-152	195	17	multivariate	multivariate	NOUN
abr-152	195	18	framework	framework	NOUN
abr-152	195	19	.	.	PUNCT
abr-152	196	1	the	the	DET
abr-152	196	2	results	result	NOUN
abr-152	196	3	are	be	AUX
abr-152	196	4	shown	show	VERB
abr-152	196	5	in	in	ADP
abr-152	196	6	table	table	NOUN
abr-152	196	7	3	3	NUM
abr-152	196	8	.	.	PUNCT
abr-152	196	9	table	table	NOUN
abr-152	196	10	3	3	NUM
abr-152	196	11	.	.	PUNCT
abr-152	197	1	regression	regression	NOUN
abr-152	197	2	results	result	NOUN
abr-152	197	3	:	:	PUNCT
abr-152	197	4	dependent	dependent	ADJ
abr-152	197	5	variable	variable	NOUN
abr-152	197	6	is	be	AUX
abr-152	197	7	underpricing	underprice	VERB
abr-152	197	8	coeff	coeff	PROPN
abr-152	197	9	.	.	PUNCT
abr-152	198	1	t	t	PROPN
abr-152	198	2	coeff	coeff	PROPN
abr-152	198	3	.	.	PUNCT
abr-152	199	1	t	t	PROPN
abr-152	199	2	intercept	intercept	VERB
abr-152	199	3	3.16729	3.16729	NUM
abr-152	199	4	0.68	0.68	NUM
abr-152	199	5	3.09275	3.09275	NUM
abr-152	199	6	0.66	0.66	NUM
abr-152	199	7	qcomp	qcomp	NOUN
abr-152	199	8	0.14623	0.14623	NUM
abr-152	199	9	0.08	0.08	NUM
abr-152	199	10	soxcomp	soxcomp	NOUN
abr-152	199	11	-0.73990	-0.73990	NOUN
abr-152	199	12	-0.29	-0.29	NOUN
abr-152	199	13	mcomp	mcomp	ADJ
abr-152	199	14	0.44492	0.44492	NUM
abr-152	199	15	0.22	0.22	NUM
abr-152	199	16	big4	big4	NOUN
abr-152	199	17	3.15108	3.15108	NUM
abr-152	199	18	1.23	1.23	NUM
abr-152	199	19	3.09477	3.09477	NUM
abr-152	199	20	1.2	1.2	NUM
abr-152	199	21	vc	vc	NUM
abr-152	199	22	4.83904	4.83904	NUM
abr-152	199	23	2.69	2.69	NUM
abr-152	199	24	*	*	PUNCT
abr-152	199	25	*	*	PUNCT
abr-152	199	26	*	*	PUNCT
abr-152	200	1	4.98378	4.98378	NUM
abr-152	200	2	2.73	2.73	NUM
abr-152	200	3	*	*	PUNCT
abr-152	200	4	*	*	PUNCT
abr-152	200	5	*	*	PUNCT
abr-152	200	6	uwr	uwr	NOUN
abr-152	200	7	1.15777	1.15777	NUM
abr-152	200	8	0.64	0.64	NUM
abr-152	200	9	1.13938	1.13938	NUM
abr-152	200	10	0.63	0.63	NUM
abr-152	200	11	internet	internet	NOUN
abr-152	200	12	7.42846	7.42846	NUM
abr-152	200	13	2.55	2.55	NUM
abr-152	200	14	*	*	PUNCT
abr-152	200	15	*	*	PUNCT
abr-152	200	16	7.45885	7.45885	NUM
abr-152	200	17	2.56	2.56	NUM
abr-152	200	18	*	*	PUNCT
abr-152	200	19	*	*	NOUN
abr-152	200	20	size(log	size(log	NOUN
abr-152	200	21	)	)	PUNCT
abr-152	200	22	0.58211	0.58211	NUM
abr-152	200	23	0.84	0.84	NUM
abr-152	200	24	0.59223	0.59223	NUM
abr-152	200	25	0.85	0.85	NUM
abr-152	200	26	n	n	CCONJ
abr-152	200	27	436	436	NUM
abr-152	200	28	436	436	NUM
abr-152	200	29	adj	adj	X
abr-152	200	30	.	.	PUNCT
abr-152	201	1	r	r	X
abr-152	201	2	-	-	PUNCT
abr-152	201	3	sq	sq	NUM
abr-152	201	4	0.0295	0.0295	NUM
abr-152	201	5	*	*	PUNCT
abr-152	202	1	*	*	PUNCT
abr-152	202	2	*	*	PUNCT
abr-152	203	1	0.0278	0.0278	NUM
abr-152	203	2	*	*	PUNCT
abr-152	203	3	*	*	PUNCT
abr-152	203	4	*	*	PUNCT
abr-152	203	5	variable	variable	ADJ
abr-152	203	6	description	description	NOUN
abr-152	203	7	:	:	PUNCT
abr-152	203	8	qcomp	qcomp	NOUN
abr-152	203	9	equals	equal	VERB
abr-152	203	10	1	1	NUM
abr-152	203	11	if	if	SCONJ
abr-152	203	12	the	the	DET
abr-152	203	13	ipo	ipo	NOUN
abr-152	203	14	firm	firm	NOUN
abr-152	203	15	provides	provide	VERB
abr-152	203	16	management	management	NOUN
abr-152	203	17	’s	’s	PART
abr-152	203	18	evaluation	evaluation	NOUN
abr-152	203	19	on	on	ADP
abr-152	203	20	the	the	DET
abr-152	203	21	effectiveness	effectiveness	NOUN
abr-152	203	22	of	of	ADP
abr-152	203	23	internal	internal	ADJ
abr-152	203	24	control	control	NOUN
abr-152	203	25	over	over	ADP
abr-152	203	26	financial	financial	ADJ
abr-152	203	27	reporting	reporting	NOUN
abr-152	203	28	,	,	PUNCT
abr-152	203	29	or	or	CCONJ
abr-152	203	30	auditor	auditor	NOUN
abr-152	203	31	’s	’s	PART
abr-152	203	32	attestation	attestation	NOUN
abr-152	203	33	on	on	ADP
abr-152	203	34	management	management	NOUN
abr-152	203	35	’s	’s	PART
abr-152	203	36	assessment	assessment	NOUN
abr-152	203	37	of	of	ADP
abr-152	203	38	the	the	DET
abr-152	203	39	adequacy	adequacy	NOUN
abr-152	203	40	of	of	ADP
abr-152	203	41	international	international	ADJ
abr-152	203	42	controls	control	NOUN
abr-152	203	43	,	,	PUNCT
abr-152	203	44	or	or	CCONJ
abr-152	203	45	both	both	PRON
abr-152	203	46	;	;	PUNCT
abr-152	203	47	0	0	NUM
abr-152	203	48	otherwise	otherwise	ADV
abr-152	203	49	.	.	PUNCT
abr-152	204	1	soxcomp	soxcomp	PROPN
abr-152	204	2	equals	equal	VERB
abr-152	204	3	1	1	NUM
abr-152	204	4	if	if	SCONJ
abr-152	204	5	the	the	DET
abr-152	204	6	ipo	ipo	PROPN
abr-152	204	7	firm	firm	NOUN
abr-152	204	8	complies	comply	VERB
abr-152	204	9	with	with	ADP
abr-152	204	10	sox	sox	PROPN
abr-152	204	11	404	404	NUM
abr-152	204	12	(	(	PUNCT
abr-152	204	13	or	or	CCONJ
abr-152	204	14	provides	provide	VERB
abr-152	204	15	assessment	assessment	NOUN
abr-152	204	16	of	of	ADP
abr-152	204	17	internal	internal	ADJ
abr-152	204	18	control	control	NOUN
abr-152	204	19	by	by	ADP
abr-152	204	20	both	both	DET
abr-152	204	21	managers	manager	NOUN
abr-152	204	22	and	and	CCONJ
abr-152	204	23	auditors	auditor	NOUN
abr-152	204	24	)	)	PUNCT
abr-152	204	25	;	;	PUNCT
abr-152	204	26	0	0	NUM
abr-152	204	27	otherwise	otherwise	ADV
abr-152	204	28	.	.	PUNCT
abr-152	205	1	mcomp	mcomp	PROPN
abr-152	205	2	equals	equal	VERB
abr-152	205	3	1	1	NUM
abr-152	205	4	if	if	SCONJ
abr-152	205	5	the	the	DET
abr-152	205	6	ipo	ipo	NOUN
abr-152	205	7	firm	firm	NOUN
abr-152	205	8	provide	provide	VERB
abr-152	205	9	only	only	ADV
abr-152	205	10	managers	manager	NOUN
abr-152	205	11	assessment	assessment	NOUN
abr-152	205	12	of	of	ADP
abr-152	205	13	internal	internal	ADJ
abr-152	205	14	control	control	NOUN
abr-152	205	15	;	;	PUNCT
abr-152	205	16	0	0	NUM
abr-152	205	17	otherwise	otherwise	ADV
abr-152	205	18	.	.	PUNCT
abr-152	206	1	big4	big4	PROPN
abr-152	206	2	equals	equal	VERB
abr-152	206	3	1	1	NUM
abr-152	206	4	if	if	SCONJ
abr-152	206	5	the	the	DET
abr-152	206	6	ipo	ipo	NOUN
abr-152	206	7	firm	firm	NOUN
abr-152	206	8	was	be	AUX
abr-152	206	9	audited	audit	VERB
abr-152	206	10	by	by	ADP
abr-152	206	11	one	one	NUM
abr-152	206	12	of	of	ADP
abr-152	206	13	the	the	DET
abr-152	206	14	big	big	ADJ
abr-152	206	15	4	4	NUM
abr-152	206	16	accounting	accounting	NOUN
abr-152	206	17	firms	firm	NOUN
abr-152	206	18	;	;	PUNCT
abr-152	206	19	0	0	NUM
abr-152	206	20	otherwise	otherwise	ADV
abr-152	206	21	.	.	PUNCT
abr-152	207	1	vc	vc	PROPN
abr-152	207	2	equals	equal	VERB
abr-152	207	3	1	1	NUM
abr-152	207	4	if	if	SCONJ
abr-152	207	5	the	the	DET
abr-152	207	6	firm	firm	NOUN
abr-152	207	7	is	be	AUX
abr-152	207	8	a	a	DET
abr-152	207	9	venture	venture	NOUN
abr-152	207	10	capital	capital	NOUN
abr-152	207	11	-	-	PUNCT
abr-152	207	12	backed	back	VERB
abr-152	207	13	ipo	ipo	NOUN
abr-152	207	14	;	;	PUNCT
abr-152	207	15	0	0	NUM
abr-152	207	16	otherwise	otherwise	ADV
abr-152	207	17	.	.	PUNCT
abr-152	208	1	uwr	uwr	NOUN
abr-152	208	2	equals	equal	VERB
abr-152	208	3	1	1	NUM
abr-152	208	4	if	if	SCONJ
abr-152	208	5	the	the	DET
abr-152	208	6	underwriter	underwriter	NOUN
abr-152	208	7	for	for	ADP
abr-152	208	8	the	the	DET
abr-152	208	9	ipo	ipo	NOUN
abr-152	208	10	is	be	AUX
abr-152	208	11	has	have	VERB
abr-152	208	12	a	a	DET
abr-152	208	13	high	high	ADJ
abr-152	208	14	rate	rate	NOUN
abr-152	208	15	;	;	PUNCT
abr-152	208	16	0	0	NUM
abr-152	208	17	otherwise	otherwise	ADV
abr-152	208	18	.	.	PUNCT
abr-152	209	1	internet	internet	NOUN
abr-152	209	2	equals	equal	VERB
abr-152	209	3	1	1	NUM
abr-152	209	4	if	if	SCONJ
abr-152	209	5	the	the	DET
abr-152	209	6	ipo	ipo	NOUN
abr-152	209	7	firm	firm	NOUN
abr-152	209	8	is	be	AUX
abr-152	209	9	an	an	DET
abr-152	209	10	internet	internet	NOUN
abr-152	209	11	firm	firm	NOUN
abr-152	209	12	;	;	PUNCT
abr-152	209	13	0	0	NUM
abr-152	209	14	otherwise	otherwise	ADV
abr-152	209	15	.	.	PUNCT
abr-152	210	1	size	size	NOUN
abr-152	210	2	is	be	AUX
abr-152	210	3	the	the	DET
abr-152	210	4	log	log	NOUN
abr-152	210	5	of	of	ADP
abr-152	210	6	total	total	ADJ
abr-152	210	7	assets	asset	NOUN
abr-152	210	8	.	.	PUNCT
abr-152	211	1	*	*	PUNCT
abr-152	211	2	,	,	PUNCT
abr-152	211	3	*	*	PUNCT
abr-152	211	4	*	*	PUNCT
abr-152	211	5	,	,	PUNCT
abr-152	211	6	*	*	PUNCT
abr-152	211	7	*	*	PUNCT
abr-152	211	8	*	*	PUNCT
abr-152	211	9	represent	represent	VERB
abr-152	211	10	statistical	statistical	ADJ
abr-152	211	11	significance	significance	NOUN
abr-152	211	12	at	at	ADP
abr-152	211	13	the	the	DET
abr-152	211	14	10	10	NUM
abr-152	211	15	,	,	PUNCT
abr-152	211	16	5	5	NUM
abr-152	211	17	,	,	PUNCT
abr-152	211	18	and	and	CCONJ
abr-152	211	19	1	1	NUM
abr-152	211	20	%	%	NOUN
abr-152	211	21	levels	level	NOUN
abr-152	211	22	,	,	PUNCT
abr-152	211	23	respectively	respectively	ADV
abr-152	211	24	.	.	PUNCT
abr-152	212	1	we	we	PRON
abr-152	212	2	provide	provide	VERB
abr-152	212	3	two	two	NUM
abr-152	212	4	models	model	NOUN
abr-152	212	5	,	,	PUNCT
abr-152	212	6	where	where	SCONJ
abr-152	212	7	the	the	DET
abr-152	212	8	dependent	dependent	ADJ
abr-152	212	9	variable	variable	NOUN
abr-152	212	10	is	be	AUX
abr-152	212	11	the	the	DET
abr-152	212	12	percent	percent	NOUN
abr-152	212	13	underpricing	underprice	VERB
abr-152	212	14	.	.	PUNCT
abr-152	213	1	the	the	DET
abr-152	213	2	first	first	ADJ
abr-152	213	3	model	model	NOUN
abr-152	213	4	uses	use	VERB
abr-152	213	5	a	a	DET
abr-152	213	6	dependent	dependent	ADJ
abr-152	213	7	variable	variable	ADJ
abr-152	213	8	proxy	proxy	NOUN
abr-152	213	9	for	for	ADP
abr-152	213	10	compliance	compliance	NOUN
abr-152	213	11	that	that	PRON
abr-152	213	12	is	be	AUX
abr-152	213	13	equal	equal	ADJ
abr-152	213	14	to	to	ADP
abr-152	213	15	1	1	NUM
abr-152	213	16	if	if	SCONJ
abr-152	213	17	the	the	DET
abr-152	213	18	firm	firm	NOUN
abr-152	213	19	is	be	AUX
abr-152	213	20	fully	fully	ADV
abr-152	213	21	compliant	compliant	ADJ
abr-152	213	22	and	and	CCONJ
abr-152	213	23	0	0	NUM
abr-152	213	24	if	if	SCONJ
abr-152	213	25	it	it	PRON
abr-152	213	26	is	be	AUX
abr-152	213	27	not	not	PART
abr-152	213	28	fully	fully	ADV
abr-152	213	29	compliant	compliant	ADJ
abr-152	213	30	with	with	ADP
abr-152	213	31	sox	sox	PROPN
abr-152	213	32	404	404	NUM
abr-152	213	33	.	.	PUNCT
abr-152	214	1	the	the	DET
abr-152	214	2	second	second	ADJ
abr-152	214	3	model	model	NOUN
abr-152	214	4	uses	use	VERB
abr-152	214	5	dummies	dummy	NOUN
abr-152	214	6	for	for	ADP
abr-152	214	7	full	full	ADJ
abr-152	214	8	compliance	compliance	NOUN
abr-152	214	9	with	with	ADP
abr-152	214	10	sox	sox	PROPN
abr-152	214	11	404	404	NUM
abr-152	214	12	and	and	CCONJ
abr-152	214	13	managerial	managerial	ADJ
abr-152	214	14	disclosure	disclosure	NOUN
abr-152	214	15	of	of	ADP
abr-152	214	16	internal	internal	ADJ
abr-152	214	17	control	control	NOUN
abr-152	214	18	issues	issue	NOUN
abr-152	214	19	.	.	PUNCT
abr-152	215	1	the	the	DET
abr-152	215	2	results	result	NOUN
abr-152	215	3	of	of	ADP
abr-152	215	4	the	the	DET
abr-152	215	5	first	first	ADJ
abr-152	215	6	model	model	NOUN
abr-152	215	7	indicate	indicate	VERB
abr-152	215	8	that	that	SCONJ
abr-152	215	9	underpricing	underpricing	NOUN
abr-152	215	10	is	be	AUX
abr-152	215	11	not	not	PART
abr-152	215	12	affected	affect	VERB
abr-152	215	13	by	by	ADP
abr-152	215	14	compliance	compliance	NOUN
abr-152	215	15	with	with	ADP
abr-152	215	16	sox	sox	PROPN
abr-152	215	17	;	;	PUNCT
abr-152	215	18	the	the	DET
abr-152	215	19	coefficient	coefficient	NOUN
abr-152	215	20	of	of	ADP
abr-152	215	21	qcomp	qcomp	NOUN
abr-152	215	22	is	be	AUX
abr-152	215	23	not	not	PART
abr-152	215	24	significantly	significantly	ADV
abr-152	215	25	different	different	ADJ
abr-152	215	26	from	from	ADP
abr-152	215	27	zero	zero	NUM
abr-152	215	28	.	.	PUNCT
abr-152	216	1	in	in	ADP
abr-152	216	2	the	the	DET
abr-152	216	3	second	second	ADJ
abr-152	216	4	model	model	NOUN
abr-152	216	5	,	,	PUNCT
abr-152	216	6	neither	neither	CCONJ
abr-152	216	7	the	the	DET
abr-152	216	8	coefficients	coefficient	NOUN
abr-152	216	9	of	of	ADP
abr-152	216	10	soxcomp	soxcomp	NOUN
abr-152	216	11	nor	nor	CCONJ
abr-152	216	12	mcomp	mcomp	PROPN
abr-152	216	13	are	be	AUX
abr-152	216	14	statistically	statistically	ADV
abr-152	216	15	significant	significant	ADJ
abr-152	216	16	either	either	ADV
abr-152	216	17	.	.	PUNCT
abr-152	217	1	in	in	ADP
abr-152	217	2	terms	term	NOUN
abr-152	217	3	of	of	ADP
abr-152	217	4	the	the	DET
abr-152	217	5	other	other	ADJ
abr-152	217	6	control	control	NOUN
abr-152	217	7	variables	variable	NOUN
abr-152	217	8	,	,	PUNCT
abr-152	217	9	the	the	DET
abr-152	217	10	coefficient	coefficient	NOUN
abr-152	217	11	of	of	ADP
abr-152	217	12	big	big	ADJ
abr-152	217	13	4	4	NUM
abr-152	217	14	auditor	auditor	NOUN
abr-152	217	15	is	be	AUX
abr-152	217	16	also	also	ADV
abr-152	217	17	insignificantly	insignificantly	ADV
abr-152	217	18	different	different	ADJ
abr-152	217	19	from	from	ADP
abr-152	217	20	zero	zero	NUM
abr-152	217	21	,	,	PUNCT
abr-152	217	22	consistent	consistent	ADJ
abr-152	217	23	with	with	ADP
abr-152	217	24	michaely	michaely	ADJ
abr-152	217	25	and	and	CCONJ
abr-152	217	26	shaw	shaw	PROPN
abr-152	217	27	(	(	PUNCT
abr-152	217	28	1995	1995	NUM
abr-152	217	29	)	)	PUNCT
abr-152	217	30	.	.	PUNCT
abr-152	218	1	the	the	DET
abr-152	218	2	presence	presence	NOUN
abr-152	218	3	of	of	ADP
abr-152	218	4	venture	venture	NOUN
abr-152	218	5	capital	capital	NOUN
abr-152	218	6	participation	participation	NOUN
abr-152	218	7	at	at	ADP
abr-152	218	8	the	the	DET
abr-152	218	9	time	time	NOUN
abr-152	218	10	of	of	ADP
abr-152	218	11	the	the	DET
abr-152	218	12	ipo	ipo	NOUN
abr-152	218	13	firms	firm	NOUN
abr-152	218	14	and	and	CCONJ
abr-152	218	15	sox	sox	PROPN
abr-152	218	16	404	404	NUM
abr-152	218	17	compliance	compliance	NOUN
abr-152	218	18	24	24	NUM
abr-152	218	19	ipo	ipo	NOUN
abr-152	218	20	and	and	CCONJ
abr-152	218	21	membership	membership	NOUN
abr-152	218	22	to	to	ADP
abr-152	218	23	the	the	DET
abr-152	218	24	“	"	PUNCT
abr-152	218	25	internet	internet	NOUN
abr-152	218	26	’’	’'	PUNCT
abr-152	218	27	industry	industry	NOUN
abr-152	218	28	classification	classification	NOUN
abr-152	218	29	are	be	AUX
abr-152	218	30	significantly	significantly	ADV
abr-152	218	31	and	and	CCONJ
abr-152	218	32	positively	positively	ADV
abr-152	218	33	related	relate	VERB
abr-152	218	34	to	to	ADP
abr-152	218	35	underpricing	underprice	VERB
abr-152	218	36	,	,	PUNCT
abr-152	218	37	consistent	consistent	ADJ
abr-152	218	38	with	with	ADP
abr-152	218	39	prior	prior	ADJ
abr-152	218	40	research	research	NOUN
abr-152	218	41	(	(	PUNCT
abr-152	218	42	see	see	VERB
abr-152	218	43	,	,	PUNCT
abr-152	218	44	e.g.	e.g.	ADV
abr-152	218	45	,	,	PUNCT
abr-152	218	46	gompers	gomper	NOUN
abr-152	218	47	,	,	PUNCT
abr-152	218	48	1996	1996	NUM
abr-152	218	49	and	and	CCONJ
abr-152	218	50	loughran	loughran	NOUN
abr-152	218	51	and	and	CCONJ
abr-152	218	52	ritter	ritter	PROPN
abr-152	218	53	(	(	PUNCT
abr-152	218	54	1997	1997	NUM
abr-152	218	55	;	;	PUNCT
abr-152	218	56	2004	2004	NUM
abr-152	218	57	)	)	PUNCT
abr-152	218	58	,	,	PUNCT
abr-152	218	59	while	while	SCONJ
abr-152	218	60	the	the	DET
abr-152	218	61	size	size	NOUN
abr-152	218	62	proxy	proxy	NOUN
abr-152	218	63	is	be	AUX
abr-152	218	64	not	not	PART
abr-152	218	65	.	.	PUNCT
abr-152	219	1	our	our	PRON
abr-152	219	2	regression	regression	NOUN
abr-152	219	3	results	result	NOUN
abr-152	219	4	suggest	suggest	VERB
abr-152	219	5	that	that	SCONJ
abr-152	219	6	compliance	compliance	NOUN
abr-152	219	7	with	with	ADP
abr-152	219	8	sox	sox	PROPN
abr-152	219	9	404	404	NUM
abr-152	219	10	,	,	PUNCT
abr-152	219	11	either	either	CCONJ
abr-152	219	12	fully	fully	ADV
abr-152	219	13	or	or	CCONJ
abr-152	219	14	partially	partially	ADV
abr-152	219	15	(	(	PUNCT
abr-152	219	16	i.e.	i.e.	X
abr-152	219	17	,	,	PUNCT
abr-152	219	18	through	through	ADP
abr-152	219	19	managerial	managerial	ADJ
abr-152	219	20	discussions	discussion	NOUN
abr-152	219	21	of	of	ADP
abr-152	219	22	internal	internal	ADJ
abr-152	219	23	control	control	NOUN
abr-152	219	24	quality	quality	NOUN
abr-152	219	25	)	)	PUNCT
abr-152	219	26	does	do	AUX
abr-152	219	27	not	not	PART
abr-152	219	28	reduce	reduce	VERB
abr-152	219	29	the	the	DET
abr-152	219	30	perceived	perceive	VERB
abr-152	219	31	risk	risk	NOUN
abr-152	219	32	of	of	ADP
abr-152	219	33	the	the	DET
abr-152	219	34	firm	firm	NOUN
abr-152	219	35	on	on	ADP
abr-152	219	36	the	the	DET
abr-152	219	37	first	first	ADJ
abr-152	219	38	day	day	NOUN
abr-152	219	39	of	of	ADP
abr-152	219	40	trading	trading	NOUN
abr-152	219	41	.	.	PUNCT
abr-152	220	1	it	it	PRON
abr-152	220	2	appears	appear	VERB
abr-152	220	3	that	that	SCONJ
abr-152	220	4	the	the	DET
abr-152	220	5	market	market	NOUN
abr-152	220	6	does	do	AUX
abr-152	220	7	not	not	PART
abr-152	220	8	view	view	VERB
abr-152	220	9	the	the	DET
abr-152	220	10	external	external	ADJ
abr-152	220	11	certification	certification	NOUN
abr-152	220	12	regarding	regard	VERB
abr-152	220	13	internal	internal	ADJ
abr-152	220	14	controls	control	NOUN
abr-152	220	15	disclosed	disclose	VERB
abr-152	220	16	during	during	ADP
abr-152	220	17	the	the	DET
abr-152	220	18	compliance	compliance	NOUN
abr-152	220	19	process	process	NOUN
abr-152	220	20	as	as	ADP
abr-152	220	21	meaningful	meaningful	ADJ
abr-152	220	22	or	or	CCONJ
abr-152	220	23	relevant	relevant	ADJ
abr-152	220	24	information	information	NOUN
abr-152	220	25	.	.	PUNCT
abr-152	221	1	information	information	NOUN
abr-152	221	2	regarding	regard	VERB
abr-152	221	3	the	the	DET
abr-152	221	4	operations	operation	NOUN
abr-152	221	5	of	of	ADP
abr-152	221	6	the	the	DET
abr-152	221	7	firm	firm	NOUN
abr-152	221	8	and	and	CCONJ
abr-152	221	9	the	the	DET
abr-152	221	10	structure	structure	NOUN
abr-152	221	11	of	of	ADP
abr-152	221	12	the	the	DET
abr-152	221	13	board	board	NOUN
abr-152	221	14	is	be	AUX
abr-152	221	15	already	already	ADV
abr-152	221	16	provided	provide	VERB
abr-152	221	17	to	to	ADP
abr-152	221	18	the	the	DET
abr-152	221	19	market	market	NOUN
abr-152	221	20	during	during	ADP
abr-152	221	21	the	the	DET
abr-152	221	22	ipo	ipo	NOUN
abr-152	221	23	process	process	NOUN
abr-152	221	24	itself	itself	PRON
abr-152	221	25	,	,	PUNCT
abr-152	221	26	through	through	ADP
abr-152	221	27	the	the	DET
abr-152	221	28	prospectus	prospectus	NOUN
abr-152	221	29	and	and	CCONJ
abr-152	221	30	registration	registration	NOUN
abr-152	221	31	statements	statement	NOUN
abr-152	221	32	,	,	PUNCT
abr-152	221	33	possibly	possibly	ADV
abr-152	221	34	reducing	reduce	VERB
abr-152	221	35	the	the	DET
abr-152	221	36	value	value	NOUN
abr-152	221	37	of	of	ADP
abr-152	221	38	the	the	DET
abr-152	221	39	information	information	NOUN
abr-152	221	40	from	from	ADP
abr-152	221	41	compliance	compliance	NOUN
abr-152	221	42	,	,	PUNCT
abr-152	221	43	or	or	CCONJ
abr-152	221	44	making	make	VERB
abr-152	221	45	it	it	PRON
abr-152	221	46	redundant	redundant	VERB
abr-152	221	47	.	.	PUNCT
abr-152	222	1	for	for	ADP
abr-152	222	2	firms	firm	NOUN
abr-152	222	3	that	that	PRON
abr-152	222	4	do	do	AUX
abr-152	222	5	not	not	PART
abr-152	222	6	comply	comply	VERB
abr-152	222	7	with	with	ADP
abr-152	222	8	sox	sox	PROPN
abr-152	222	9	404	404	NUM
abr-152	222	10	at	at	ADP
abr-152	222	11	the	the	DET
abr-152	222	12	time	time	NOUN
abr-152	222	13	of	of	ADP
abr-152	222	14	the	the	DET
abr-152	222	15	ipo	ipo	NOUN
abr-152	222	16	,	,	PUNCT
abr-152	222	17	there	there	PRON
abr-152	222	18	is	be	VERB
abr-152	222	19	no	no	DET
abr-152	222	20	information	information	NOUN
abr-152	222	21	regarding	regard	VERB
abr-152	222	22	internal	internal	ADJ
abr-152	222	23	controls	control	NOUN
abr-152	222	24	whatsoever	whatsoever	ADV
abr-152	222	25	in	in	ADP
abr-152	222	26	the	the	DET
abr-152	222	27	prospectus	prospectus	NOUN
abr-152	222	28	or	or	CCONJ
abr-152	222	29	registration	registration	NOUN
abr-152	222	30	statement	statement	NOUN
abr-152	222	31	.	.	PUNCT
abr-152	223	1	the	the	DET
abr-152	223	2	implication	implication	NOUN
abr-152	223	3	of	of	ADP
abr-152	223	4	this	this	DET
abr-152	223	5	result	result	NOUN
abr-152	223	6	is	be	AUX
abr-152	223	7	that	that	SCONJ
abr-152	223	8	information	information	NOUN
abr-152	223	9	provided	provide	VERB
abr-152	223	10	regarding	regard	VERB
abr-152	223	11	internal	internal	ADJ
abr-152	223	12	controls	control	NOUN
abr-152	223	13	through	through	ADP
abr-152	223	14	the	the	DET
abr-152	223	15	sox	sox	PROPN
abr-152	223	16	404	404	NUM
abr-152	223	17	certification	certification	NOUN
abr-152	223	18	process	process	NOUN
abr-152	223	19	is	be	AUX
abr-152	223	20	not	not	PART
abr-152	223	21	of	of	ADP
abr-152	223	22	particular	particular	ADJ
abr-152	223	23	interest	interest	NOUN
abr-152	223	24	to	to	ADP
abr-152	223	25	the	the	DET
abr-152	223	26	market	market	NOUN
abr-152	223	27	at	at	ADP
abr-152	223	28	the	the	DET
abr-152	223	29	time	time	NOUN
abr-152	223	30	of	of	ADP
abr-152	223	31	the	the	DET
abr-152	223	32	ipo	ipo	NOUN
abr-152	223	33	.	.	PUNCT
abr-152	224	1	perhaps	perhaps	ADV
abr-152	224	2	additional	additional	ADJ
abr-152	224	3	monitoring	monitoring	NOUN
abr-152	224	4	beyond	beyond	ADP
abr-152	224	5	that	that	PRON
abr-152	224	6	provided	provide	VERB
abr-152	224	7	by	by	ADP
abr-152	224	8	the	the	DET
abr-152	224	9	underwriter	underwriter	NOUN
abr-152	224	10	is	be	AUX
abr-152	224	11	not	not	PART
abr-152	224	12	viewed	view	VERB
abr-152	224	13	by	by	ADP
abr-152	224	14	the	the	DET
abr-152	224	15	market	market	NOUN
abr-152	224	16	as	as	ADV
abr-152	224	17	particularly	particularly	ADV
abr-152	224	18	valuable	valuable	ADJ
abr-152	224	19	.	.	PUNCT
abr-152	225	1	additionally	additionally	ADV
abr-152	225	2	,	,	PUNCT
abr-152	225	3	the	the	DET
abr-152	225	4	market	market	NOUN
abr-152	225	5	may	may	AUX
abr-152	225	6	not	not	PART
abr-152	225	7	perceive	perceive	VERB
abr-152	225	8	that	that	SCONJ
abr-152	225	9	the	the	DET
abr-152	225	10	quality	quality	NOUN
abr-152	225	11	of	of	ADP
abr-152	225	12	information	information	NOUN
abr-152	225	13	provided	provide	VERB
abr-152	225	14	by	by	ADP
abr-152	225	15	managers	manager	NOUN
abr-152	225	16	of	of	ADP
abr-152	225	17	firms	firm	NOUN
abr-152	225	18	that	that	PRON
abr-152	225	19	comply	comply	VERB
abr-152	225	20	with	with	ADP
abr-152	225	21	sox	sox	PROPN
abr-152	225	22	404	404	NUM
abr-152	225	23	(	(	PUNCT
abr-152	225	24	either	either	CCONJ
abr-152	225	25	implicitly	implicitly	ADV
abr-152	225	26	or	or	CCONJ
abr-152	225	27	explicitly	explicitly	ADV
abr-152	225	28	)	)	PUNCT
abr-152	225	29	is	be	AUX
abr-152	225	30	superior	superior	ADJ
abr-152	225	31	to	to	ADP
abr-152	225	32	that	that	PRON
abr-152	225	33	of	of	ADP
abr-152	225	34	firms	firm	NOUN
abr-152	225	35	that	that	PRON
abr-152	225	36	do	do	AUX
abr-152	225	37	not	not	PART
abr-152	225	38	comply	comply	VERB
abr-152	225	39	.	.	PUNCT
abr-152	226	1	to	to	PART
abr-152	226	2	ensure	ensure	VERB
abr-152	226	3	that	that	SCONJ
abr-152	226	4	multicollinearity	multicollinearity	NOUN
abr-152	226	5	does	do	AUX
abr-152	226	6	not	not	PART
abr-152	226	7	pose	pose	VERB
abr-152	226	8	a	a	DET
abr-152	226	9	concern	concern	NOUN
abr-152	226	10	for	for	ADP
abr-152	226	11	our	our	PRON
abr-152	226	12	test	test	NOUN
abr-152	226	13	statistics	statistic	NOUN
abr-152	226	14	,	,	PUNCT
abr-152	226	15	we	we	PRON
abr-152	226	16	also	also	ADV
abr-152	226	17	examine	examine	VERB
abr-152	226	18	the	the	DET
abr-152	226	19	vif	vif	NOUN
abr-152	226	20	factors	factor	NOUN
abr-152	226	21	for	for	ADP
abr-152	226	22	each	each	DET
abr-152	226	23	regression	regression	NOUN
abr-152	226	24	,	,	PUNCT
abr-152	226	25	but	but	CCONJ
abr-152	226	26	do	do	AUX
abr-152	226	27	not	not	PART
abr-152	226	28	document	document	VERB
abr-152	226	29	serious	serious	ADJ
abr-152	226	30	concerns	concern	NOUN
abr-152	226	31	with	with	ADP
abr-152	226	32	multicollinearity.5	multicollinearity.5	PROPN
abr-152	226	33	we	we	PRON
abr-152	226	34	next	next	ADV
abr-152	226	35	examine	examine	VERB
abr-152	226	36	whether	whether	SCONJ
abr-152	226	37	compliance	compliance	NOUN
abr-152	226	38	,	,	PUNCT
abr-152	226	39	or	or	CCONJ
abr-152	226	40	the	the	DET
abr-152	226	41	extent	extent	NOUN
abr-152	226	42	to	to	PART
abr-152	226	43	which	which	PRON
abr-152	226	44	compliance	compliance	NOUN
abr-152	226	45	exists	exist	VERB
abr-152	226	46	,	,	PUNCT
abr-152	226	47	with	with	ADP
abr-152	226	48	sox	sox	PROPN
abr-152	226	49	404	404	NUM
abr-152	226	50	at	at	ADP
abr-152	226	51	the	the	DET
abr-152	226	52	time	time	NOUN
abr-152	226	53	of	of	ADP
abr-152	226	54	the	the	DET
abr-152	226	55	ipo	ipo	NOUN
abr-152	226	56	is	be	AUX
abr-152	226	57	a	a	DET
abr-152	226	58	determinant	determinant	NOUN
abr-152	226	59	of	of	ADP
abr-152	226	60	post	post	ADJ
abr-152	226	61	-	-	ADJ
abr-152	226	62	ipo	ipo	ADJ
abr-152	226	63	performance	performance	NOUN
abr-152	226	64	.	.	PUNCT
abr-152	227	1	the	the	DET
abr-152	227	2	results	result	NOUN
abr-152	227	3	are	be	AUX
abr-152	227	4	shown	show	VERB
abr-152	227	5	in	in	ADP
abr-152	227	6	table	table	NOUN
abr-152	227	7	4	4	NUM
abr-152	227	8	.	.	X
abr-152	228	1	panel	panel	NOUN
abr-152	228	2	a	a	PRON
abr-152	228	3	provides	provide	VERB
abr-152	228	4	the	the	DET
abr-152	228	5	results	result	NOUN
abr-152	228	6	of	of	ADP
abr-152	228	7	regressions	regression	NOUN
abr-152	228	8	on	on	ADP
abr-152	228	9	6	6	NUM
abr-152	228	10	,	,	PUNCT
abr-152	228	11	12	12	NUM
abr-152	228	12	,	,	PUNCT
abr-152	228	13	and	and	CCONJ
abr-152	228	14	24	24	NUM
abr-152	228	15	month	month	NOUN
abr-152	228	16	buy	buy	VERB
abr-152	228	17	and	and	CCONJ
abr-152	228	18	hold	hold	VERB
abr-152	228	19	abnormal	abnormal	ADJ
abr-152	228	20	returns	return	NOUN
abr-152	228	21	of	of	ADP
abr-152	228	22	ipo	ipo	NOUN
abr-152	228	23	firms	firm	NOUN
abr-152	228	24	using	use	VERB
abr-152	228	25	the	the	DET
abr-152	228	26	qcomp	qcomp	ADJ
abr-152	228	27	dummy	dummy	ADJ
abr-152	228	28	variable	variable	NOUN
abr-152	228	29	to	to	PART
abr-152	228	30	proxy	proxy	VERB
abr-152	228	31	for	for	ADP
abr-152	228	32	sox	sox	PROPN
abr-152	228	33	404	404	NUM
abr-152	228	34	compliance	compliance	NOUN
abr-152	228	35	.	.	PUNCT
abr-152	229	1	in	in	ADP
abr-152	229	2	all	all	DET
abr-152	229	3	three	three	NUM
abr-152	229	4	models	model	NOUN
abr-152	229	5	,	,	PUNCT
abr-152	229	6	the	the	DET
abr-152	229	7	coefficient	coefficient	NOUN
abr-152	229	8	of	of	ADP
abr-152	229	9	qcomp	qcomp	NOUN
abr-152	229	10	is	be	AUX
abr-152	229	11	insignificantly	insignificantly	ADV
abr-152	229	12	different	different	ADJ
abr-152	229	13	from	from	ADP
abr-152	229	14	zero	zero	NUM
abr-152	229	15	.	.	PUNCT
abr-152	230	1	venture	venture	NOUN
abr-152	230	2	capital	capital	NOUN
abr-152	230	3	presence	presence	NOUN
abr-152	230	4	,	,	PUNCT
abr-152	230	5	size	size	NOUN
abr-152	230	6	,	,	PUNCT
abr-152	230	7	eps	eps	NOUN
abr-152	230	8	volatility	volatility	NOUN
abr-152	230	9	,	,	PUNCT
abr-152	230	10	and	and	CCONJ
abr-152	230	11	leverage	leverage	NOUN
abr-152	230	12	control	control	NOUN
abr-152	230	13	variables	variable	NOUN
abr-152	230	14	are	be	AUX
abr-152	230	15	all	all	ADV
abr-152	230	16	significantly	significantly	ADV
abr-152	230	17	related	relate	VERB
abr-152	230	18	to	to	ADP
abr-152	230	19	performance	performance	NOUN
abr-152	230	20	.	.	PUNCT
abr-152	231	1	while	while	SCONJ
abr-152	231	2	vc	vc	PROPN
abr-152	231	3	firms	firm	NOUN
abr-152	231	4	and	and	CCONJ
abr-152	231	5	firms	firm	NOUN
abr-152	231	6	with	with	ADP
abr-152	231	7	higher	high	ADJ
abr-152	231	8	levels	level	NOUN
abr-152	231	9	of	of	ADP
abr-152	231	10	leverage	leverage	NOUN
abr-152	231	11	appear	appear	VERB
abr-152	231	12	to	to	PART
abr-152	231	13	exhibit	exhibit	VERB
abr-152	231	14	weaker	weak	ADJ
abr-152	231	15	post	post	ADJ
abr-152	231	16	-	-	ADJ
abr-152	231	17	ipo	ipo	ADJ
abr-152	231	18	performance	performance	NOUN
abr-152	231	19	,	,	PUNCT
abr-152	231	20	size	size	NOUN
abr-152	231	21	is	be	AUX
abr-152	231	22	positively	positively	ADV
abr-152	231	23	related	relate	VERB
abr-152	231	24	to	to	ADP
abr-152	231	25	long	long	ADJ
abr-152	231	26	term	term	NOUN
abr-152	231	27	aftermarket	aftermarket	NOUN
abr-152	231	28	returns	return	NOUN
abr-152	231	29	.	.	PUNCT
abr-152	232	1	panel	panel	NOUN
abr-152	232	2	b	b	PROPN
abr-152	232	3	provides	provide	VERB
abr-152	232	4	the	the	DET
abr-152	232	5	results	result	NOUN
abr-152	232	6	of	of	ADP
abr-152	232	7	our	our	PRON
abr-152	232	8	multivariate	multivariate	NOUN
abr-152	232	9	regressions	regression	NOUN
abr-152	232	10	using	use	VERB
abr-152	232	11	the	the	DET
abr-152	232	12	soxcomp	soxcomp	NOUN
abr-152	232	13	and	and	CCONJ
abr-152	232	14	mcomp	mcomp	ADJ
abr-152	232	15	proxies	proxy	NOUN
abr-152	232	16	for	for	ADP
abr-152	232	17	sox	sox	PROPN
abr-152	232	18	404	404	NUM
abr-152	232	19	compliance	compliance	NOUN
abr-152	232	20	.	.	PUNCT
abr-152	233	1	in	in	ADP
abr-152	233	2	none	none	NOUN
abr-152	233	3	of	of	ADP
abr-152	233	4	the	the	DET
abr-152	233	5	three	three	NUM
abr-152	233	6	regression	regression	NOUN
abr-152	233	7	models	model	NOUN
abr-152	233	8	are	be	AUX
abr-152	233	9	either	either	PRON
abr-152	233	10	compliance	compliance	NOUN
abr-152	233	11	variables	variable	NOUN
abr-152	233	12	significant	significant	ADJ
abr-152	233	13	.	.	PUNCT
abr-152	234	1	underwriter	underwriter	NOUN
abr-152	234	2	reputation	reputation	NOUN
abr-152	234	3	,	,	PUNCT
abr-152	234	4	auditor	auditor	NOUN
abr-152	234	5	quality	quality	NOUN
abr-152	234	6	,	,	PUNCT
abr-152	234	7	and	and	CCONJ
abr-152	234	8	internet	internet	NOUN
abr-152	234	9	industry	industry	NOUN
abr-152	234	10	membership	membership	NOUN
abr-152	234	11	are	be	AUX
abr-152	234	12	unrelated	unrelated	ADJ
abr-152	234	13	to	to	ADP
abr-152	234	14	performance	performance	NOUN
abr-152	234	15	proxies	proxy	NOUN
abr-152	234	16	in	in	ADP
abr-152	234	17	both	both	DET
abr-152	234	18	models	model	NOUN
abr-152	234	19	.	.	PUNCT
abr-152	235	1	again	again	ADV
abr-152	235	2	,	,	PUNCT
abr-152	235	3	we	we	PRON
abr-152	235	4	do	do	AUX
abr-152	235	5	not	not	PART
abr-152	235	6	document	document	VERB
abr-152	235	7	substantial	substantial	ADJ
abr-152	235	8	issues	issue	NOUN
abr-152	235	9	with	with	ADP
abr-152	235	10	our	our	PRON
abr-152	235	11	test	test	NOUN
abr-152	235	12	statistics	statistic	NOUN
abr-152	235	13	based	base	VERB
abr-152	235	14	on	on	ADP
abr-152	235	15	the	the	DET
abr-152	235	16	vif	vif	NOUN
abr-152	235	17	factors	factor	NOUN
abr-152	235	18	with	with	ADP
abr-152	235	19	multicollinearity	multicollinearity	NOUN
abr-152	235	20	.	.	PUNCT
abr-152	236	1	if	if	SCONJ
abr-152	236	2	sox	sox	PROPN
abr-152	236	3	404	404	NUM
abr-152	236	4	compliance	compliance	NOUN
abr-152	236	5	resulted	result	VERB
abr-152	236	6	in	in	ADP
abr-152	236	7	better	well	ADJ
abr-152	236	8	quality	quality	NOUN
abr-152	236	9	internal	internal	ADJ
abr-152	236	10	controls	control	NOUN
abr-152	236	11	,	,	PUNCT
abr-152	236	12	we	we	PRON
abr-152	236	13	would	would	AUX
abr-152	236	14	anticipate	anticipate	VERB
abr-152	236	15	finding	find	VERB
abr-152	236	16	that	that	SCONJ
abr-152	236	17	firms	firm	NOUN
abr-152	236	18	that	that	PRON
abr-152	236	19	voluntarily	voluntarily	ADV
abr-152	236	20	comply	comply	ADV
abr-152	236	21	would	would	AUX
abr-152	236	22	exhibit	exhibit	VERB
abr-152	236	23	superior	superior	ADJ
abr-152	236	24	post	post	ADJ
abr-152	236	25	-	-	ADJ
abr-152	236	26	ipo	ipo	ADJ
abr-152	236	27	performance	performance	NOUN
abr-152	236	28	.	.	PUNCT
abr-152	237	1	however	however	ADV
abr-152	237	2	,	,	PUNCT
abr-152	237	3	taken	take	VERB
abr-152	237	4	together	together	ADV
abr-152	237	5	,	,	PUNCT
abr-152	237	6	the	the	DET
abr-152	237	7	results	result	NOUN
abr-152	237	8	in	in	ADP
abr-152	237	9	table	table	NOUN
abr-152	237	10	4	4	NUM
abr-152	237	11	indicate	indicate	VERB
abr-152	237	12	that	that	DET
abr-152	237	13	compliance	compliance	NOUN
abr-152	237	14	with	with	ADP
abr-152	237	15	sox	sox	PROPN
abr-152	237	16	at	at	ADP
abr-152	237	17	the	the	DET
abr-152	237	18	time	time	NOUN
abr-152	237	19	of	of	ADP
abr-152	237	20	the	the	DET
abr-152	237	21	ipo	ipo	NOUN
abr-152	237	22	does	do	AUX
abr-152	237	23	not	not	PART
abr-152	237	24	provide	provide	VERB
abr-152	237	25	a	a	DET
abr-152	237	26	signal	signal	NOUN
abr-152	237	27	regarding	regard	VERB
abr-152	237	28	differential	differential	ADJ
abr-152	237	29	information	information	NOUN
abr-152	237	30	provided	provide	VERB
abr-152	237	31	to	to	ADP
abr-152	237	32	the	the	DET
abr-152	237	33	market	market	NOUN
abr-152	237	34	that	that	PRON
abr-152	237	35	results	result	VERB
abr-152	237	36	in	in	ADP
abr-152	237	37	meaningful	meaningful	ADJ
abr-152	237	38	outcomes	outcome	NOUN
abr-152	237	39	for	for	ADP
abr-152	237	40	the	the	DET
abr-152	237	41	aftermarket	aftermarket	NOUN
abr-152	237	42	returns	return	NOUN
abr-152	237	43	to	to	ADP
abr-152	237	44	ipo	ipo	NOUN
abr-152	237	45	firms	firm	NOUN
abr-152	237	46	.	.	PUNCT
abr-152	238	1	one	one	NUM
abr-152	238	2	possibility	possibility	NOUN
abr-152	238	3	is	be	AUX
abr-152	238	4	that	that	SCONJ
abr-152	238	5	internal	internal	ADJ
abr-152	238	6	controls	control	NOUN
abr-152	238	7	at	at	ADP
abr-152	238	8	firms	firm	NOUN
abr-152	238	9	that	that	PRON
abr-152	238	10	are	be	AUX
abr-152	238	11	sox	sox	PROPN
abr-152	238	12	compliant	compliant	NOUN
abr-152	238	13	are	be	AUX
abr-152	238	14	not	not	PART
abr-152	238	15	better	well	ADJ
abr-152	238	16	than	than	ADP
abr-152	238	17	those	those	PRON
abr-152	238	18	of	of	ADP
abr-152	238	19	firms	firm	NOUN
abr-152	238	20	that	that	PRON
abr-152	238	21	are	be	AUX
abr-152	238	22	not	not	PART
abr-152	238	23	compliant	compliant	ADJ
abr-152	238	24	just	just	ADV
abr-152	238	25	because	because	SCONJ
abr-152	238	26	they	they	PRON
abr-152	238	27	are	be	AUX
abr-152	238	28	evaluated	evaluate	VERB
abr-152	238	29	externally	externally	ADV
abr-152	238	30	.	.	PUNCT
abr-152	239	1	this	this	PRON
abr-152	239	2	implies	imply	VERB
abr-152	239	3	that	that	SCONJ
abr-152	239	4	external	external	ADJ
abr-152	239	5	certification	certification	NOUN
abr-152	239	6	of	of	ADP
abr-152	239	7	internal	internal	ADJ
abr-152	239	8	controls	control	NOUN
abr-152	239	9	is	be	AUX
abr-152	239	10	redundant	redundant	ADJ
abr-152	239	11	or	or	CCONJ
abr-152	239	12	irrelevant	irrelevant	ADJ
abr-152	239	13	,	,	PUNCT
abr-152	239	14	or	or	CCONJ
abr-152	239	15	the	the	DET
abr-152	239	16	kinds	kind	NOUN
abr-152	239	17	of	of	ADP
abr-152	239	18	internal	internal	ADJ
abr-152	239	19	controls	control	NOUN
abr-152	239	20	required	require	VERB
abr-152	239	21	by	by	ADP
abr-152	239	22	sox	sox	PROPN
abr-152	239	23	do	do	AUX
abr-152	239	24	not	not	PART
abr-152	239	25	impact	impact	VERB
abr-152	239	26	long	long	ADJ
abr-152	239	27	term	term	NOUN
abr-152	239	28	performance	performance	NOUN
abr-152	239	29	in	in	ADP
abr-152	239	30	any	any	DET
abr-152	239	31	economically	economically	ADV
abr-152	239	32	or	or	CCONJ
abr-152	239	33	statistically	statistically	ADV
abr-152	239	34	significant	significant	ADJ
abr-152	239	35	sense	sense	NOUN
abr-152	239	36	.	.	PUNCT
abr-152	240	1	another	another	DET
abr-152	240	2	possibility	possibility	NOUN
abr-152	240	3	is	be	AUX
abr-152	240	4	that	that	SCONJ
abr-152	240	5	only	only	ADJ
abr-152	240	6	firms	firm	NOUN
abr-152	240	7	with	with	ADP
abr-152	240	8	strong	strong	ADJ
abr-152	240	9	internal	internal	ADJ
abr-152	240	10	controls	control	NOUN
abr-152	240	11	voluntarily	voluntarily	ADV
abr-152	240	12	comply	comply	ADJ
abr-152	240	13	,	,	PUNCT
abr-152	240	14	and	and	CCONJ
abr-152	240	15	these	these	DET
abr-152	240	16	firms	firm	NOUN
abr-152	240	17	are	be	AUX
abr-152	240	18	already	already	ADV
abr-152	240	19	perceived	perceive	VERB
abr-152	240	20	by	by	ADP
abr-152	240	21	the	the	DET
abr-152	240	22	market	market	NOUN
abr-152	240	23	as	as	ADP
abr-152	240	24	having	have	VERB
abr-152	240	25	good	good	ADJ
abr-152	240	26	internal	internal	ADJ
abr-152	240	27	controls	control	NOUN
abr-152	240	28	.	.	PUNCT
abr-152	241	1	as	as	ADP
abr-152	241	2	with	with	ADP
abr-152	241	3	the	the	DET
abr-152	241	4	results	result	NOUN
abr-152	241	5	of	of	ADP
abr-152	241	6	the	the	DET
abr-152	241	7	analysis	analysis	NOUN
abr-152	241	8	of	of	ADP
abr-152	241	9	underpricing	underprice	VERB
abr-152	241	10	,	,	PUNCT
abr-152	241	11	it	it	PRON
abr-152	241	12	would	would	AUX
abr-152	241	13	appear	appear	VERB
abr-152	241	14	that	that	SCONJ
abr-152	241	15	compliance	compliance	NOUN
abr-152	241	16	with	with	ADP
abr-152	241	17	sox	sox	PROPN
abr-152	241	18	404	404	NUM
abr-152	241	19	is	be	AUX
abr-152	241	20	costly	costly	ADJ
abr-152	241	21	and	and	CCONJ
abr-152	241	22	time	time	NOUN
abr-152	241	23	consuming	consume	VERB
abr-152	241	24	,	,	PUNCT
abr-152	241	25	yet	yet	CCONJ
abr-152	241	26	for	for	ADP
abr-152	241	27	newly	newly	ADV
abr-152	241	28	public	public	ADJ
abr-152	241	29	firms	firm	NOUN
abr-152	241	30	,	,	PUNCT
abr-152	241	31	it	it	PRON
abr-152	241	32	is	be	AUX
abr-152	241	33	not	not	PART
abr-152	241	34	clear	clear	ADJ
abr-152	241	35	that	that	SCONJ
abr-152	241	36	it	it	PRON
abr-152	241	37	provides	provide	VERB
abr-152	241	38	any	any	DET
abr-152	241	39	benefits	benefit	NOUN
abr-152	241	40	.	.	PUNCT
abr-152	242	1	our	our	PRON
abr-152	242	2	results	result	NOUN
abr-152	242	3	suggest	suggest	VERB
abr-152	242	4	that	that	SCONJ
abr-152	242	5	compliance	compliance	NOUN
abr-152	242	6	with	with	ADP
abr-152	242	7	sox	sox	PROPN
abr-152	242	8	404	404	PROPN
abr-152	242	9	does	do	AUX
abr-152	242	10	not	not	PART
abr-152	242	11	impact	impact	VERB
abr-152	242	12	underpricing	underprice	VERB
abr-152	242	13	(	(	PUNCT
abr-152	242	14	i.e.	i.e.	X
abr-152	242	15	,	,	PUNCT
abr-152	242	16	the	the	DET
abr-152	242	17	perceived	perceive	VERB
abr-152	242	18	riskiness	riskiness	NOUN
abr-152	242	19	of	of	ADP
abr-152	242	20	the	the	DET
abr-152	242	21	ipo	ipo	NOUN
abr-152	242	22	firm	firm	NOUN
abr-152	242	23	)	)	PUNCT
abr-152	242	24	.	.	PUNCT
abr-152	243	1	additionally	additionally	ADV
abr-152	243	2	,	,	PUNCT
abr-152	243	3	we	we	PRON
abr-152	243	4	find	find	VERB
abr-152	243	5	that	that	SCONJ
abr-152	243	6	post	post	ADJ
abr-152	243	7	-	-	ADJ
abr-152	243	8	ipo	ipo	ADJ
abr-152	243	9	long	long	ADJ
abr-152	243	10	run	run	NOUN
abr-152	243	11	returns	return	NOUN
abr-152	243	12	are	be	AUX
abr-152	243	13	unrelated	unrelated	ADJ
abr-152	243	14	to	to	ADP
abr-152	243	15	compliance	compliance	NOUN
abr-152	243	16	with	with	ADP
abr-152	243	17	sox	sox	PROPN
abr-152	243	18	404	404	NUM
abr-152	243	19	at	at	ADP
abr-152	243	20	the	the	DET
abr-152	243	21	time	time	NOUN
abr-152	243	22	of	of	ADP
abr-152	243	23	the	the	DET
abr-152	243	24	ipo	ipo	NOUN
abr-152	243	25	.	.	PUNCT
abr-152	244	1	this	this	PRON
abr-152	244	2	provides	provide	VERB
abr-152	244	3	evidence	evidence	NOUN
abr-152	244	4	that	that	SCONJ
abr-152	244	5	section	section	NOUN
abr-152	244	6	404	404	NUM
abr-152	244	7	compliance	compliance	NOUN
abr-152	244	8	does	do	AUX
abr-152	244	9	not	not	PART
abr-152	244	10	benefit	benefit	VERB
abr-152	244	11	shareholders	shareholder	NOUN
abr-152	244	12	of	of	ADP
abr-152	244	13	firms	firm	NOUN
abr-152	244	14	at	at	ADP
abr-152	244	15	the	the	DET
abr-152	244	16	time	time	NOUN
abr-152	244	17	of	of	ADP
abr-152	244	18	the	the	DET
abr-152	244	19	ipo	ipo	NOUN
abr-152	244	20	in	in	ADP
abr-152	244	21	terms	term	NOUN
abr-152	244	22	of	of	ADP
abr-152	244	23	reducing	reduce	VERB
abr-152	244	24	the	the	DET
abr-152	244	25	money	money	NOUN
abr-152	244	26	left	leave	VERB
abr-152	244	27	on	on	ADP
abr-152	244	28	the	the	DET
abr-152	244	29	table	table	NOUN
abr-152	244	30	.	.	PUNCT
abr-152	245	1	thus	thus	ADV
abr-152	245	2	,	,	PUNCT
abr-152	245	3	unlike	unlike	ADP
abr-152	245	4	analyst	analyst	NOUN
abr-152	245	5	coverage	coverage	NOUN
abr-152	245	6	,	,	PUNCT
abr-152	245	7	it	it	PRON
abr-152	245	8	appears	appear	VERB
abr-152	245	9	that	that	SCONJ
abr-152	245	10	sox	sox	PROPN
abr-152	245	11	404	404	NUM
abr-152	245	12	compliance	compliance	NOUN
abr-152	245	13	may	may	AUX
abr-152	245	14	not	not	PART
abr-152	245	15	provide	provide	VERB
abr-152	245	16	a	a	DET
abr-152	245	17	particularly	particularly	ADV
abr-152	245	18	strong	strong	ADJ
abr-152	245	19	indicator	indicator	NOUN
abr-152	245	20	to	to	ADP
abr-152	245	21	the	the	DET
abr-152	245	22	market	market	NOUN
abr-152	245	23	of	of	ADP
abr-152	245	24	the	the	DET
abr-152	245	25	quality	quality	NOUN
abr-152	245	26	of	of	ADP
abr-152	245	27	internal	internal	ADJ
abr-152	245	28	control	control	NOUN
abr-152	245	29	.	.	PUNCT
abr-152	246	1	it	it	PRON
abr-152	246	2	may	may	AUX
abr-152	246	3	also	also	ADV
abr-152	246	4	be	be	AUX
abr-152	246	5	the	the	DET
abr-152	246	6	case	case	NOUN
abr-152	246	7	that	that	SCONJ
abr-152	246	8	external	external	ADJ
abr-152	246	9	certification	certification	NOUN
abr-152	246	10	of	of	ADP
abr-152	246	11	internal	internal	ADJ
abr-152	246	12	controls	control	NOUN
abr-152	246	13	does	do	AUX
abr-152	246	14	not	not	PART
abr-152	246	15	result	result	VERB
abr-152	246	16	in	in	ADP
abr-152	246	17	improved	improved	ADJ
abr-152	246	18	performance	performance	NOUN
abr-152	246	19	of	of	ADP
abr-152	246	20	ipo	ipo	NOUN
abr-152	246	21	firms	firm	NOUN
abr-152	246	22	relative	relative	ADJ
abr-152	246	23	to	to	ADP
abr-152	246	24	their	their	PRON
abr-152	246	25	industry	industry	NOUN
abr-152	246	26	,	,	PUNCT
abr-152	246	27	size	size	NOUN
abr-152	246	28	,	,	PUNCT
abr-152	246	29	and	and	CCONJ
abr-152	246	30	book	book	NOUN
abr-152	246	31	-	-	PUNCT
abr-152	246	32	to	to	ADP
abr-152	246	33	-	-	PUNCT
abr-152	246	34	market	market	NOUN
abr-152	246	35	controlled	control	VERB
abr-152	246	36	peers	peer	NOUN
abr-152	246	37	.	.	PUNCT
abr-152	247	1	5	5	NUM
abr-152	247	2	we	we	PRON
abr-152	247	3	thank	thank	VERB
abr-152	247	4	an	an	DET
abr-152	247	5	anonymous	anonymous	ADJ
abr-152	247	6	reviewer	reviewer	NOUN
abr-152	247	7	for	for	ADP
abr-152	247	8	this	this	DET
abr-152	247	9	suggestion	suggestion	NOUN
abr-152	247	10	.	.	PUNCT
abr-152	248	1	huang	huang	PROPN
abr-152	248	2	et	et	PROPN
abr-152	248	3	al	al	PROPN
abr-152	248	4	.	.	PROPN
abr-152	249	1	25	25	NUM
abr-152	249	2	table	table	NOUN
abr-152	249	3	4	4	NUM
abr-152	249	4	.	.	PUNCT
abr-152	250	1	regression	regression	NOUN
abr-152	250	2	results	result	NOUN
abr-152	250	3	:	:	PUNCT
abr-152	250	4	dependent	dependent	ADJ
abr-152	250	5	variable	variable	NOUN
abr-152	250	6	=	=	SYM
abr-152	250	7	buy	buy	VERB
abr-152	250	8	-	-	PUNCT
abr-152	250	9	and	and	CCONJ
abr-152	250	10	-	-	PUNCT
abr-152	250	11	hold	hold	VERB
abr-152	250	12	abnormal	abnormal	ADJ
abr-152	250	13	returns	return	NOUN
abr-152	250	14	variable	variable	ADJ
abr-152	250	15	description	description	NOUN
abr-152	250	16	:	:	PUNCT
abr-152	250	17	qcomp	qcomp	NOUN
abr-152	250	18	equals	equal	VERB
abr-152	250	19	1	1	NUM
abr-152	250	20	if	if	SCONJ
abr-152	250	21	the	the	DET
abr-152	250	22	ipo	ipo	NOUN
abr-152	250	23	firm	firm	NOUN
abr-152	250	24	provides	provide	VERB
abr-152	250	25	management	management	NOUN
abr-152	250	26	’s	’s	PART
abr-152	250	27	evaluation	evaluation	NOUN
abr-152	250	28	on	on	ADP
abr-152	250	29	the	the	DET
abr-152	250	30	effectiveness	effectiveness	NOUN
abr-152	250	31	of	of	ADP
abr-152	250	32	internal	internal	ADJ
abr-152	250	33	control	control	NOUN
abr-152	250	34	over	over	ADP
abr-152	250	35	financial	financial	ADJ
abr-152	250	36	reporting	reporting	NOUN
abr-152	250	37	,	,	PUNCT
abr-152	250	38	or	or	CCONJ
abr-152	250	39	auditor	auditor	NOUN
abr-152	250	40	’s	’s	PART
abr-152	250	41	attestation	attestation	NOUN
abr-152	250	42	on	on	ADP
abr-152	250	43	management	management	NOUN
abr-152	250	44	’s	’s	PART
abr-152	250	45	assessment	assessment	NOUN
abr-152	250	46	of	of	ADP
abr-152	250	47	the	the	DET
abr-152	250	48	adequacy	adequacy	NOUN
abr-152	250	49	of	of	ADP
abr-152	250	50	international	international	ADJ
abr-152	250	51	controls	control	NOUN
abr-152	250	52	,	,	PUNCT
abr-152	250	53	or	or	CCONJ
abr-152	250	54	both	both	PRON
abr-152	250	55	;	;	PUNCT
abr-152	250	56	0	0	NUM
abr-152	250	57	otherwise	otherwise	ADV
abr-152	250	58	.	.	PUNCT
abr-152	251	1	soxcomp	soxcomp	PROPN
abr-152	251	2	equals	equal	VERB
abr-152	251	3	1	1	NUM
abr-152	251	4	if	if	SCONJ
abr-152	251	5	the	the	DET
abr-152	251	6	ipo	ipo	PROPN
abr-152	251	7	firm	firm	NOUN
abr-152	251	8	complies	comply	VERB
abr-152	251	9	with	with	ADP
abr-152	251	10	sox	sox	PROPN
abr-152	251	11	404	404	NUM
abr-152	251	12	(	(	PUNCT
abr-152	251	13	or	or	CCONJ
abr-152	251	14	provides	provide	VERB
abr-152	251	15	assessment	assessment	NOUN
abr-152	251	16	of	of	ADP
abr-152	251	17	internal	internal	ADJ
abr-152	251	18	control	control	NOUN
abr-152	251	19	by	by	ADP
abr-152	251	20	both	both	DET
abr-152	251	21	managers	manager	NOUN
abr-152	251	22	and	and	CCONJ
abr-152	251	23	auditors	auditor	NOUN
abr-152	251	24	)	)	PUNCT
abr-152	251	25	;	;	PUNCT
abr-152	251	26	0	0	NUM
abr-152	251	27	otherwise	otherwise	ADV
abr-152	251	28	.	.	PUNCT
abr-152	252	1	mcomp	mcomp	PROPN
abr-152	252	2	equals	equal	VERB
abr-152	252	3	1	1	NUM
abr-152	252	4	if	if	SCONJ
abr-152	252	5	the	the	DET
abr-152	252	6	ipo	ipo	NOUN
abr-152	252	7	firm	firm	NOUN
abr-152	252	8	provide	provide	VERB
abr-152	252	9	only	only	ADV
abr-152	252	10	managers	manager	NOUN
abr-152	252	11	assessment	assessment	NOUN
abr-152	252	12	of	of	ADP
abr-152	252	13	internal	internal	ADJ
abr-152	252	14	control	control	NOUN
abr-152	252	15	;	;	PUNCT
abr-152	252	16	0	0	NUM
abr-152	252	17	otherwise	otherwise	ADV
abr-152	252	18	.	.	PUNCT
abr-152	253	1	big4	big4	PROPN
abr-152	253	2	equals	equal	VERB
abr-152	253	3	1	1	NUM
abr-152	253	4	if	if	SCONJ
abr-152	253	5	the	the	DET
abr-152	253	6	ipo	ipo	NOUN
abr-152	253	7	firm	firm	NOUN
abr-152	253	8	was	be	AUX
abr-152	253	9	audited	audit	VERB
abr-152	253	10	by	by	ADP
abr-152	253	11	one	one	NUM
abr-152	253	12	of	of	ADP
abr-152	253	13	the	the	DET
abr-152	253	14	big	big	ADJ
abr-152	253	15	4	4	NUM
abr-152	253	16	accounting	accounting	NOUN
abr-152	253	17	firms	firm	NOUN
abr-152	253	18	;	;	PUNCT
abr-152	253	19	0	0	NUM
abr-152	253	20	otherwise	otherwise	ADV
abr-152	253	21	.	.	PUNCT
abr-152	254	1	vc	vc	PROPN
abr-152	254	2	equals	equal	VERB
abr-152	254	3	1	1	NUM
abr-152	254	4	if	if	SCONJ
abr-152	254	5	the	the	DET
abr-152	254	6	firm	firm	NOUN
abr-152	254	7	is	be	AUX
abr-152	254	8	a	a	DET
abr-152	254	9	venture	venture	NOUN
abr-152	254	10	capital	capital	NOUN
abr-152	254	11	-	-	PUNCT
abr-152	254	12	backed	back	VERB
abr-152	254	13	ipo	ipo	NOUN
abr-152	254	14	;	;	PUNCT
abr-152	254	15	0	0	NUM
abr-152	254	16	otherwise	otherwise	ADV
abr-152	254	17	.	.	PUNCT
abr-152	255	1	uwr	uwr	NOUN
abr-152	255	2	equals	equal	VERB
abr-152	255	3	1	1	NUM
abr-152	255	4	if	if	SCONJ
abr-152	255	5	the	the	DET
abr-152	255	6	underwriter	underwriter	NOUN
abr-152	255	7	for	for	ADP
abr-152	255	8	the	the	DET
abr-152	255	9	ipo	ipo	NOUN
abr-152	255	10	is	be	AUX
abr-152	255	11	has	have	VERB
abr-152	255	12	a	a	DET
abr-152	255	13	high	high	ADJ
abr-152	255	14	rate	rate	NOUN
abr-152	255	15	;	;	PUNCT
abr-152	255	16	0	0	NUM
abr-152	255	17	otherwise	otherwise	ADV
abr-152	255	18	.	.	PUNCT
abr-152	256	1	internet	internet	NOUN
abr-152	256	2	equals	equal	VERB
abr-152	256	3	1	1	NUM
abr-152	256	4	if	if	SCONJ
abr-152	256	5	the	the	DET
abr-152	256	6	ipo	ipo	NOUN
abr-152	256	7	firm	firm	NOUN
abr-152	256	8	is	be	AUX
abr-152	256	9	an	an	DET
abr-152	256	10	internet	internet	NOUN
abr-152	256	11	firm	firm	NOUN
abr-152	256	12	;	;	PUNCT
abr-152	256	13	0	0	NUM
abr-152	256	14	otherwise	otherwise	ADV
abr-152	256	15	.	.	PUNCT
abr-152	257	1	size	size	NOUN
abr-152	257	2	is	be	AUX
abr-152	257	3	the	the	DET
abr-152	257	4	log	log	NOUN
abr-152	257	5	of	of	ADP
abr-152	257	6	total	total	ADJ
abr-152	257	7	assets	asset	NOUN
abr-152	257	8	.	.	PUNCT
abr-152	258	1	eps	eps	PROPN
abr-152	258	2	is	be	AUX
abr-152	258	3	earnings	earning	NOUN
abr-152	258	4	per	per	ADP
abr-152	258	5	share	share	NOUN
abr-152	258	6	(	(	PUNCT
abr-152	258	7	basic	basic	ADJ
abr-152	258	8	)	)	PUNCT
abr-152	258	9	.	.	PUNCT
abr-152	259	1	lev	lev	NOUN
abr-152	259	2	is	be	AUX
abr-152	259	3	a	a	DET
abr-152	259	4	measure	measure	NOUN
abr-152	259	5	of	of	ADP
abr-152	259	6	leverage	leverage	NOUN
abr-152	259	7	calculated	calculate	VERB
abr-152	259	8	as	as	ADP
abr-152	259	9	total	total	ADJ
abr-152	259	10	long	long	ADJ
abr-152	259	11	-	-	PUNCT
abr-152	259	12	term	term	NOUN
abr-152	259	13	debt	debt	NOUN
abr-152	259	14	/	/	SYM
abr-152	259	15	total	total	ADJ
abr-152	259	16	assets	asset	NOUN
abr-152	259	17	.	.	PUNCT
abr-152	260	1	*	*	PUNCT
abr-152	260	2	,	,	PUNCT
abr-152	260	3	*	*	PUNCT
abr-152	260	4	*	*	PUNCT
abr-152	260	5	,	,	PUNCT
abr-152	260	6	*	*	PUNCT
abr-152	260	7	*	*	PUNCT
abr-152	260	8	*	*	PUNCT
abr-152	260	9	represent	represent	VERB
abr-152	260	10	statistical	statistical	ADJ
abr-152	260	11	significance	significance	NOUN
abr-152	260	12	at	at	ADP
abr-152	260	13	the	the	DET
abr-152	260	14	10	10	NUM
abr-152	260	15	,	,	PUNCT
abr-152	260	16	5	5	NUM
abr-152	260	17	,	,	PUNCT
abr-152	260	18	and	and	CCONJ
abr-152	260	19	1	1	NUM
abr-152	260	20	%	%	NOUN
abr-152	260	21	levels	level	NOUN
abr-152	260	22	,	,	PUNCT
abr-152	260	23	respectively	respectively	ADV
abr-152	260	24	.	.	PUNCT
abr-152	261	1	panel	panel	NOUN
abr-152	261	2	a.	a.	NOUN
abr-152	261	3	disclosure	disclosure	NOUN
abr-152	261	4	of	of	ADP
abr-152	261	5	internal	internal	ADJ
abr-152	261	6	control	control	NOUN
abr-152	261	7	vs.	vs.	ADP
abr-152	261	8	no	no	DET
abr-152	261	9	-	-	PUNCT
abr-152	261	10	disclosure	disclosure	NOUN
abr-152	261	11	of	of	ADP
abr-152	261	12	internal	internal	ADJ
abr-152	261	13	control	control	NOUN
abr-152	261	14	6	6	NUM
abr-152	261	15	months	month	NOUN
abr-152	261	16	bhars	bhar	VERB
abr-152	261	17	12	12	NUM
abr-152	261	18	months	month	NOUN
abr-152	261	19	bhars	bhar	VERB
abr-152	261	20	24	24	NUM
abr-152	261	21	months	month	NOUN
abr-152	261	22	bhars	bhar	VERB
abr-152	261	23	coeff	coeff	PROPN
abr-152	261	24	.	.	PROPN
abr-152	262	1	t	t	PROPN
abr-152	262	2	coeff	coeff	PROPN
abr-152	262	3	.	.	PROPN
abr-152	263	1	t	t	PROPN
abr-152	263	2	coeff	coeff	PROPN
abr-152	263	3	.	.	PUNCT
abr-152	264	1	t	t	PROPN
abr-152	264	2	intercept	intercept	NOUN
abr-152	264	3	-0.1174	-0.1174	PROPN
abr-152	264	4	-1.32	-1.32	VERB
abr-152	264	5	-0.17722	-0.17722	PRON
abr-152	264	6	-1.21	-1.21	NUM
abr-152	264	7	-0.40022	-0.40022	NOUN
abr-152	265	1	-2.19	-2.19	NOUN
abr-152	266	1	*	*	PUNCT
abr-152	266	2	*	*	PUNCT
abr-152	266	3	qcomp	qcomp	PROPN
abr-152	266	4	-0.0367	-0.0367	PROPN
abr-152	267	1	-0.99	-0.99	INTJ
abr-152	267	2	-0.04001	-0.04001	NOUN
abr-152	267	3	-0.65	-0.65	NUM
abr-152	267	4	0.04304	0.04304	NUM
abr-152	267	5	0.56	0.56	NUM
abr-152	267	6	big4	big4	NOUN
abr-152	267	7	0.04595	0.04595	NUM
abr-152	267	8	0.93	0.93	NUM
abr-152	267	9	0.11488	0.11488	NUM
abr-152	267	10	1.41	1.41	NUM
abr-152	267	11	0.16614	0.16614	NUM
abr-152	267	12	1.64	1.64	NUM
abr-152	267	13	vc	vc	NOUN
abr-152	267	14	-0.07399	-0.07399	NOUN
abr-152	268	1	-1.98	-1.98	PRON
abr-152	268	2	*	*	PUNCT
abr-152	268	3	*	*	NOUN
abr-152	268	4	-0.05111	-0.05111	NOUN
abr-152	268	5	-0.83	-0.83	DET
abr-152	268	6	-0.09913	-0.09913	PROPN
abr-152	269	1	-1.29	-1.29	PROPN
abr-152	269	2	uwr	uwr	NOUN
abr-152	269	3	0.00733	0.00733	NUM
abr-152	269	4	0.21	0.21	NUM
abr-152	269	5	-0.05214	-0.05214	NOUN
abr-152	269	6	-0.89	-0.89	PROPN
abr-152	269	7	-0.02635	-0.02635	ADV
abr-152	269	8	-0.36	-0.36	NUM
abr-152	269	9	internet	internet	NOUN
abr-152	269	10	0.00186	0.00186	NUM
abr-152	269	11	0.03	0.03	NUM
abr-152	269	12	-0.00538	-0.00538	NOUN
abr-152	270	1	-0.06	-0.06	NUM
abr-152	270	2	-0.00984	-0.00984	PROPN
abr-152	270	3	-0.08	-0.08	NUM
abr-152	270	4	size(log	size(log	NOUN
abr-152	270	5	)	)	PUNCT
abr-152	270	6	0.02925	0.02925	NUM
abr-152	270	7	1.98	1.98	NUM
abr-152	270	8	*	*	PUNCT
abr-152	270	9	*	*	PUNCT
abr-152	270	10	0.04700	0.04700	NUM
abr-152	270	11	1.93	1.93	NUM
abr-152	270	12	*	*	PUNCT
abr-152	270	13	0.05900	0.05900	NUM
abr-152	270	14	1.94	1.94	NUM
abr-152	270	15	*	*	PUNCT
abr-152	270	16	eps	eps	PROPN
abr-152	270	17	0.01331	0.01331	NUM
abr-152	270	18	1.96	1.96	NUM
abr-152	270	19	*	*	PUNCT
abr-152	270	20	*	*	PUNCT
abr-152	270	21	0.01190	0.01190	NUM
abr-152	270	22	1.06	1.06	NUM
abr-152	270	23	0.02589	0.02589	NUM
abr-152	270	24	1.86	1.86	NUM
abr-152	270	25	*	*	PUNCT
abr-152	270	26	*	*	PUNCT
abr-152	270	27	leverage	leverage	NOUN
abr-152	270	28	-0.13875	-0.13875	NOUN
abr-152	271	1	-1.60	-1.60	PROPN
abr-152	271	2	*	*	PUNCT
abr-152	271	3	-0.31113	-0.31113	X
abr-152	271	4	-2.17	-2.17	PUNCT
abr-152	272	1	*	*	PUNCT
abr-152	272	2	*	*	PUNCT
abr-152	272	3	-0.25818	-0.25818	PROPN
abr-152	273	1	-1.44	-1.44	NOUN
abr-152	273	2	*	*	PUNCT
abr-152	273	3	n	n	NUM
abr-152	273	4	487	487	NUM
abr-152	273	5	487	487	NUM
abr-152	273	6	487	487	NUM
abr-152	273	7	adj	adj	X
abr-152	273	8	.	.	PUNCT
abr-152	273	9	r	r	X
abr-152	273	10	-	-	PUNCT
abr-152	273	11	sq	sq	NUM
abr-152	273	12	0.0313	0.0313	NUM
abr-152	273	13	*	*	PUNCT
abr-152	273	14	*	*	PUNCT
abr-152	273	15	*	*	PUNCT
abr-152	273	16	0.0148	0.0148	NUM
abr-152	273	17	*	*	PUNCT
abr-152	273	18	0.0252	0.0252	NUM
abr-152	273	19	*	*	PUNCT
abr-152	273	20	*	*	PUNCT
abr-152	273	21	*	*	PROPN
abr-152	273	22	panel	panel	PROPN
abr-152	273	23	b.	b.	PROPN
abr-152	273	24	404	404	NUM
abr-152	273	25	compliance	compliance	NOUN
abr-152	273	26	vs.	vs.	ADP
abr-152	273	27	assessment	assessment	NOUN
abr-152	273	28	by	by	ADP
abr-152	273	29	managers	manager	NOUN
abr-152	273	30	only	only	ADV
abr-152	273	31	vs.	vs.	ADP
abr-152	273	32	no	no	DET
abr-152	273	33	-	-	PUNCT
abr-152	273	34	disclosure	disclosure	NOUN
abr-152	273	35	of	of	ADP
abr-152	273	36	internal	internal	ADJ
abr-152	273	37	control	control	NOUN
abr-152	273	38	6	6	NUM
abr-152	273	39	months	month	NOUN
abr-152	273	40	bhars	bhar	VERB
abr-152	273	41	12	12	NUM
abr-152	273	42	months	month	NOUN
abr-152	273	43	bhars	bhar	VERB
abr-152	273	44	24	24	NUM
abr-152	273	45	months	month	NOUN
abr-152	273	46	bhars	bhar	VERB
abr-152	273	47	coeff	coeff	PROPN
abr-152	273	48	.	.	PROPN
abr-152	274	1	t	t	PROPN
abr-152	274	2	coeff	coeff	PROPN
abr-152	274	3	.	.	PROPN
abr-152	275	1	t	t	PROPN
abr-152	275	2	coeff	coeff	PROPN
abr-152	275	3	.	.	PUNCT
abr-152	276	1	t	t	PROPN
abr-152	276	2	intercept	intercept	PROPN
abr-152	276	3	-0.11742	-0.11742	ADV
abr-152	276	4	-1.32	-1.32	NUM
abr-152	276	5	-0.17722	-0.17722	PRON
abr-152	276	6	-1.21	-1.21	NUM
abr-152	276	7	-0.40022	-0.40022	NOUN
abr-152	277	1	-2.19	-2.19	NOUN
abr-152	278	1	*	*	PUNCT
abr-152	278	2	*	*	PUNCT
abr-152	278	3	soxcomp	soxcomp	PROPN
abr-152	278	4	-0.03468	-0.03468	NOUN
abr-152	278	5	-0.72	-0.72	NOUN
abr-152	278	6	-0.02784	-0.02784	NOUN
abr-152	278	7	-0.35	-0.35	NUM
abr-152	278	8	0.06144	0.06144	NUM
abr-152	278	9	0.62	0.62	NUM
abr-152	278	10	mcomp	mcomp	ADJ
abr-152	278	11	-0.03746	-0.03746	NOUN
abr-152	278	12	-0.97	-0.97	NOUN
abr-152	278	13	-0.04443	-0.04443	PROPN
abr-152	278	14	-0.69	-0.69	VERB
abr-152	278	15	0.03637	0.03637	NUM
abr-152	278	16	0.46	0.46	NUM
abr-152	278	17	big4	big4	NOUN
abr-152	278	18	0.04608	0.04608	NUM
abr-152	278	19	0.93	0.93	NUM
abr-152	278	20	0.11566	0.11566	NUM
abr-152	278	21	1.42	1.42	NUM
abr-152	278	22	0.16731	0.16731	NUM
abr-152	278	23	1.65	1.65	NUM
abr-152	278	24	vc	vc	PROPN
abr-152	278	25	-0.07429	-0.07429	NOUN
abr-152	278	26	-1.97	-1.97	NOUN
abr-152	278	27	*	*	PROPN
abr-152	278	28	*	*	PUNCT
abr-152	278	29	-0.05290	-0.05290	PROPN
abr-152	279	1	-0.85	-0.85	X
abr-152	279	2	-0.10183	-0.10183	PUNCT
abr-152	280	1	-1.31	-1.31	NUM
abr-152	280	2	uwr	uwr	NOUN
abr-152	280	3	0.00740	0.00740	NUM
abr-152	280	4	0.21	0.21	NUM
abr-152	280	5	-0.05169	-0.05169	X
abr-152	280	6	-0.88	-0.88	PROPN
abr-152	280	7	-0.02567	-0.02567	PROPN
abr-152	280	8	-0.35	-0.35	NUM
abr-152	280	9	internet	internet	NOUN
abr-152	280	10	0.00187	0.00187	NUM
abr-152	280	11	0.03	0.03	NUM
abr-152	280	12	-0.00530	-0.00530	X
abr-152	280	13	-0.06	-0.06	NUM
abr-152	280	14	-0.00973	-0.00973	NOUN
abr-152	280	15	-0.08	-0.08	NUM
abr-152	280	16	size(log	size(log	NOUN
abr-152	280	17	)	)	PUNCT
abr-152	280	18	0.02925	0.02925	NUM
abr-152	280	19	1.98	1.98	NUM
abr-152	280	20	*	*	PUNCT
abr-152	280	21	*	*	PUNCT
abr-152	281	1	0.04703	0.04703	NUM
abr-152	281	2	1.93	1.93	NUM
abr-152	281	3	*	*	PUNCT
abr-152	282	1	0.05904	0.05904	NUM
abr-152	282	2	1.94	1.94	NUM
abr-152	282	3	*	*	PUNCT
abr-152	282	4	eps	eps	PROPN
abr-152	282	5	0.0133	0.0133	NUM
abr-152	282	6	1.96	1.96	NUM
abr-152	282	7	*	*	PUNCT
abr-152	282	8	*	*	PUNCT
abr-152	283	1	0.01183	0.01183	NUM
abr-152	283	2	1.06	1.06	NUM
abr-152	283	3	0.02580	0.02580	NUM
abr-152	283	4	1.85	1.85	NUM
abr-152	283	5	*	*	PUNCT
abr-152	283	6	*	*	PUNCT
abr-152	283	7	lev	lev	PROPN
abr-152	283	8	-0.13384	-0.13384	PROPN
abr-152	283	9	-1.60	-1.60	PROPN
abr-152	283	10	*	*	PUNCT
abr-152	283	11	-0.31165	-0.31165	PROPN
abr-152	283	12	-2.17	-2.17	NUM
abr-152	283	13	*	*	PUNCT
abr-152	283	14	*	*	PROPN
abr-152	283	15	-0.25897	-0.25897	PROPN
abr-152	283	16	-1.45	-1.45	CCONJ
abr-152	283	17	n	n	CCONJ
abr-152	283	18	487	487	NUM
abr-152	283	19	487	487	NUM
abr-152	283	20	487	487	NUM
abr-152	283	21	adj	adj	X
abr-152	283	22	.	.	PUNCT
abr-152	283	23	r	r	X
abr-152	283	24	-	-	PUNCT
abr-152	283	25	sq	sq	INTJ
abr-152	283	26	0.0293	0.0293	NUM
abr-152	283	27	*	*	PUNCT
abr-152	283	28	*	*	PUNCT
abr-152	284	1	*	*	PUNCT
abr-152	284	2	0.0128	0.0128	NUM
abr-152	284	3	*	*	PUNCT
abr-152	284	4	0.0234	0.0234	NUM
abr-152	284	5	*	*	PUNCT
abr-152	284	6	*	*	NOUN
abr-152	284	7	our	our	PRON
abr-152	284	8	results	result	NOUN
abr-152	284	9	suggest	suggest	VERB
abr-152	284	10	that	that	SCONJ
abr-152	284	11	compliance	compliance	NOUN
abr-152	284	12	with	with	ADP
abr-152	284	13	sox	sox	PROPN
abr-152	284	14	404	404	PROPN
abr-152	284	15	does	do	AUX
abr-152	284	16	not	not	PART
abr-152	284	17	impact	impact	VERB
abr-152	284	18	underpricing	underprice	VERB
abr-152	284	19	(	(	PUNCT
abr-152	284	20	i.e.	i.e.	X
abr-152	284	21	,	,	PUNCT
abr-152	284	22	the	the	DET
abr-152	284	23	perceived	perceive	VERB
abr-152	284	24	riskiness	riskiness	NOUN
abr-152	284	25	of	of	ADP
abr-152	284	26	the	the	DET
abr-152	284	27	ipo	ipo	NOUN
abr-152	284	28	firm	firm	NOUN
abr-152	284	29	)	)	PUNCT
abr-152	284	30	.	.	PUNCT
abr-152	285	1	additionally	additionally	ADV
abr-152	285	2	,	,	PUNCT
abr-152	285	3	we	we	PRON
abr-152	285	4	find	find	VERB
abr-152	285	5	that	that	SCONJ
abr-152	285	6	post	post	ADJ
abr-152	285	7	-	-	ADJ
abr-152	285	8	ipo	ipo	ADJ
abr-152	285	9	long	long	ADJ
abr-152	285	10	run	run	NOUN
abr-152	285	11	returns	return	NOUN
abr-152	285	12	are	be	AUX
abr-152	285	13	unrelated	unrelated	ADJ
abr-152	285	14	to	to	ADP
abr-152	285	15	compliance	compliance	NOUN
abr-152	285	16	with	with	ADP
abr-152	285	17	sox	sox	PROPN
abr-152	285	18	404	404	NUM
abr-152	285	19	at	at	ADP
abr-152	285	20	the	the	DET
abr-152	285	21	time	time	NOUN
abr-152	285	22	of	of	ADP
abr-152	285	23	the	the	DET
abr-152	285	24	ipo	ipo	NOUN
abr-152	285	25	.	.	PUNCT
abr-152	286	1	this	this	PRON
abr-152	286	2	provides	provide	VERB
abr-152	286	3	evidence	evidence	NOUN
abr-152	286	4	that	that	SCONJ
abr-152	286	5	section	section	NOUN
abr-152	286	6	404	404	NUM
abr-152	286	7	compliance	compliance	NOUN
abr-152	286	8	does	do	AUX
abr-152	286	9	not	not	PART
abr-152	286	10	benefit	benefit	VERB
abr-152	286	11	ipo	ipo	NOUN
abr-152	286	12	firms	firm	NOUN
abr-152	286	13	and	and	CCONJ
abr-152	286	14	sox	sox	PROPN
abr-152	286	15	404	404	NUM
abr-152	286	16	compliance	compliance	NOUN
abr-152	286	17	26	26	NUM
abr-152	286	18	shareholders	shareholder	NOUN
abr-152	286	19	of	of	ADP
abr-152	286	20	firms	firm	NOUN
abr-152	286	21	at	at	ADP
abr-152	286	22	the	the	DET
abr-152	286	23	time	time	NOUN
abr-152	286	24	of	of	ADP
abr-152	286	25	the	the	DET
abr-152	286	26	ipo	ipo	NOUN
abr-152	286	27	in	in	ADP
abr-152	286	28	terms	term	NOUN
abr-152	286	29	of	of	ADP
abr-152	286	30	reducing	reduce	VERB
abr-152	286	31	the	the	DET
abr-152	286	32	money	money	NOUN
abr-152	286	33	left	leave	VERB
abr-152	286	34	on	on	ADP
abr-152	286	35	the	the	DET
abr-152	286	36	table	table	NOUN
abr-152	286	37	.	.	PUNCT
abr-152	287	1	thus	thus	ADV
abr-152	287	2	,	,	PUNCT
abr-152	287	3	unlike	unlike	ADP
abr-152	287	4	analyst	analyst	NOUN
abr-152	287	5	coverage	coverage	NOUN
abr-152	287	6	,	,	PUNCT
abr-152	287	7	it	it	PRON
abr-152	287	8	appears	appear	VERB
abr-152	287	9	that	that	SCONJ
abr-152	287	10	sox	sox	PROPN
abr-152	287	11	404	404	NUM
abr-152	287	12	compliance	compliance	NOUN
abr-152	287	13	may	may	AUX
abr-152	287	14	not	not	PART
abr-152	287	15	provide	provide	VERB
abr-152	287	16	a	a	DET
abr-152	287	17	particularly	particularly	ADV
abr-152	287	18	strong	strong	ADJ
abr-152	287	19	indicator	indicator	NOUN
abr-152	287	20	to	to	ADP
abr-152	287	21	the	the	DET
abr-152	287	22	market	market	NOUN
abr-152	287	23	of	of	ADP
abr-152	287	24	the	the	DET
abr-152	287	25	quality	quality	NOUN
abr-152	287	26	of	of	ADP
abr-152	287	27	internal	internal	ADJ
abr-152	287	28	control	control	NOUN
abr-152	287	29	.	.	PUNCT
abr-152	288	1	it	it	PRON
abr-152	288	2	may	may	AUX
abr-152	288	3	also	also	ADV
abr-152	288	4	be	be	AUX
abr-152	288	5	the	the	DET
abr-152	288	6	case	case	NOUN
abr-152	288	7	that	that	SCONJ
abr-152	288	8	external	external	ADJ
abr-152	288	9	certification	certification	NOUN
abr-152	288	10	of	of	ADP
abr-152	288	11	internal	internal	ADJ
abr-152	288	12	controls	control	NOUN
abr-152	288	13	does	do	AUX
abr-152	288	14	not	not	PART
abr-152	288	15	result	result	VERB
abr-152	288	16	in	in	ADP
abr-152	288	17	improved	improved	ADJ
abr-152	288	18	performance	performance	NOUN
abr-152	288	19	of	of	ADP
abr-152	288	20	ipo	ipo	NOUN
abr-152	288	21	firms	firm	NOUN
abr-152	288	22	relative	relative	ADJ
abr-152	288	23	to	to	ADP
abr-152	288	24	their	their	PRON
abr-152	288	25	industry	industry	NOUN
abr-152	288	26	,	,	PUNCT
abr-152	288	27	size	size	NOUN
abr-152	288	28	,	,	PUNCT
abr-152	288	29	and	and	CCONJ
abr-152	288	30	book	book	NOUN
abr-152	288	31	-	-	PUNCT
abr-152	288	32	to	to	ADP
abr-152	288	33	-	-	PUNCT
abr-152	288	34	market	market	NOUN
abr-152	288	35	controlled	control	VERB
abr-152	288	36	peers	peer	NOUN
abr-152	288	37	.	.	PUNCT
abr-152	289	1	conclusion	conclusion	NOUN
abr-152	289	2	newly	newly	ADV
abr-152	289	3	public	public	ADJ
abr-152	289	4	firms	firm	NOUN
abr-152	289	5	are	be	AUX
abr-152	289	6	not	not	PART
abr-152	289	7	required	require	VERB
abr-152	289	8	to	to	PART
abr-152	289	9	comply	comply	VERB
abr-152	289	10	with	with	ADP
abr-152	289	11	sox	sox	PROPN
abr-152	289	12	404	404	NUM
abr-152	289	13	for	for	ADP
abr-152	289	14	three	three	NUM
abr-152	289	15	years	year	NOUN
abr-152	289	16	following	follow	VERB
abr-152	289	17	their	their	PRON
abr-152	289	18	initial	initial	ADJ
abr-152	289	19	public	public	ADJ
abr-152	289	20	offerings	offering	NOUN
abr-152	289	21	,	,	PUNCT
abr-152	289	22	but	but	CCONJ
abr-152	289	23	at	at	ADP
abr-152	289	24	the	the	DET
abr-152	289	25	same	same	ADJ
abr-152	289	26	time	time	NOUN
abr-152	289	27	,	,	PUNCT
abr-152	289	28	are	be	AUX
abr-152	289	29	likely	likely	ADJ
abr-152	289	30	to	to	PART
abr-152	289	31	be	be	AUX
abr-152	289	32	characterized	characterize	VERB
abr-152	289	33	by	by	ADP
abr-152	289	34	high	high	ADJ
abr-152	289	35	levels	level	NOUN
abr-152	289	36	of	of	ADP
abr-152	289	37	information	information	NOUN
abr-152	289	38	asymmetry	asymmetry	NOUN
abr-152	289	39	regarding	regard	VERB
abr-152	289	40	cash	cash	NOUN
abr-152	289	41	flow	flow	NOUN
abr-152	289	42	and	and	CCONJ
abr-152	289	43	risk	risk	NOUN
abr-152	289	44	prospects	prospect	NOUN
abr-152	289	45	relative	relative	ADJ
abr-152	289	46	to	to	ADP
abr-152	289	47	firms	firm	NOUN
abr-152	289	48	with	with	ADP
abr-152	289	49	a	a	DET
abr-152	289	50	history	history	NOUN
abr-152	289	51	of	of	ADP
abr-152	289	52	mandated	mandate	VERB
abr-152	289	53	disclosures	disclosure	NOUN
abr-152	289	54	.	.	PUNCT
abr-152	290	1	accordingly	accordingly	ADV
abr-152	290	2	,	,	PUNCT
abr-152	290	3	firms	firm	NOUN
abr-152	290	4	conducting	conduct	VERB
abr-152	290	5	ipos	ipos	NOUN
abr-152	290	6	provide	provide	VERB
abr-152	290	7	a	a	DET
abr-152	290	8	unique	unique	ADJ
abr-152	290	9	sample	sample	NOUN
abr-152	290	10	with	with	ADP
abr-152	290	11	which	which	PRON
abr-152	290	12	to	to	PART
abr-152	290	13	investigate	investigate	VERB
abr-152	290	14	the	the	DET
abr-152	290	15	benefits	benefit	NOUN
abr-152	290	16	of	of	ADP
abr-152	290	17	voluntary	voluntary	ADJ
abr-152	290	18	disclosure	disclosure	NOUN
abr-152	290	19	with	with	ADP
abr-152	290	20	sox	sox	PROPN
abr-152	290	21	404	404	NUM
abr-152	290	22	and	and	CCONJ
abr-152	290	23	the	the	DET
abr-152	290	24	value	value	NOUN
abr-152	290	25	of	of	ADP
abr-152	290	26	information	information	NOUN
abr-152	290	27	revealed	reveal	VERB
abr-152	290	28	as	as	ADP
abr-152	290	29	a	a	DET
abr-152	290	30	consequence	consequence	NOUN
abr-152	290	31	of	of	ADP
abr-152	290	32	compliance	compliance	NOUN
abr-152	290	33	.	.	PUNCT
abr-152	291	1	in	in	ADP
abr-152	291	2	this	this	DET
abr-152	291	3	paper	paper	NOUN
abr-152	291	4	,	,	PUNCT
abr-152	291	5	we	we	PRON
abr-152	291	6	investigate	investigate	VERB
abr-152	291	7	whether	whether	SCONJ
abr-152	291	8	voluntary	voluntary	ADJ
abr-152	291	9	compliance	compliance	NOUN
abr-152	291	10	with	with	ADP
abr-152	291	11	sox	sox	PROPN
abr-152	291	12	404	404	NUM
abr-152	291	13	,	,	PUNCT
abr-152	291	14	either	either	CCONJ
abr-152	291	15	formally	formally	ADV
abr-152	291	16	or	or	CCONJ
abr-152	291	17	partially	partially	ADV
abr-152	291	18	,	,	PUNCT
abr-152	291	19	impacts	impact	VERB
abr-152	291	20	the	the	DET
abr-152	291	21	perceived	perceive	VERB
abr-152	291	22	risk	risk	NOUN
abr-152	291	23	of	of	ADP
abr-152	291	24	firms	firm	NOUN
abr-152	291	25	conducting	conduct	VERB
abr-152	291	26	ipos	ipos	NOUN
abr-152	291	27	on	on	ADP
abr-152	291	28	the	the	DET
abr-152	291	29	first	first	ADJ
abr-152	291	30	day	day	NOUN
abr-152	291	31	of	of	ADP
abr-152	291	32	trading	trading	NOUN
abr-152	291	33	(	(	PUNCT
abr-152	291	34	reflected	reflect	VERB
abr-152	291	35	in	in	ADP
abr-152	291	36	underpricing	underprice	VERB
abr-152	291	37	)	)	PUNCT
abr-152	291	38	or	or	CCONJ
abr-152	291	39	following	follow	VERB
abr-152	291	40	the	the	DET
abr-152	291	41	ipo	ipo	NOUN
abr-152	291	42	.	.	PUNCT
abr-152	292	1	we	we	PRON
abr-152	292	2	find	find	VERB
abr-152	292	3	no	no	DET
abr-152	292	4	evidence	evidence	NOUN
abr-152	292	5	that	that	SCONJ
abr-152	292	6	there	there	PRON
abr-152	292	7	is	be	VERB
abr-152	292	8	a	a	DET
abr-152	292	9	statistically	statistically	ADV
abr-152	292	10	significant	significant	ADJ
abr-152	292	11	benefit	benefit	NOUN
abr-152	292	12	to	to	ADP
abr-152	292	13	ipo	ipo	NOUN
abr-152	292	14	firms	firm	NOUN
abr-152	292	15	from	from	ADP
abr-152	292	16	complying	comply	VERB
abr-152	292	17	in	in	ADP
abr-152	292	18	any	any	DET
abr-152	292	19	sense	sense	NOUN
abr-152	292	20	with	with	ADP
abr-152	292	21	sox	sox	PROPN
abr-152	292	22	404	404	NUM
abr-152	292	23	.	.	PUNCT
abr-152	293	1	compliant	compliant	ADJ
abr-152	293	2	firms	firm	NOUN
abr-152	293	3	do	do	AUX
abr-152	293	4	not	not	PART
abr-152	293	5	experience	experience	VERB
abr-152	293	6	lower	low	ADJ
abr-152	293	7	underpricing	underpricing	NOUN
abr-152	293	8	,	,	PUNCT
abr-152	293	9	nor	nor	CCONJ
abr-152	293	10	superior	superior	ADJ
abr-152	293	11	post	post	ADJ
abr-152	293	12	-	-	ADJ
abr-152	293	13	ipo	ipo	ADJ
abr-152	293	14	performance	performance	NOUN
abr-152	293	15	over	over	ADP
abr-152	293	16	the	the	DET
abr-152	293	17	6	6	NUM
abr-152	293	18	,	,	PUNCT
abr-152	293	19	12	12	NUM
abr-152	293	20	,	,	PUNCT
abr-152	293	21	and	and	CCONJ
abr-152	293	22	24	24	NUM
abr-152	293	23	months	month	NOUN
abr-152	293	24	following	follow	VERB
abr-152	293	25	the	the	DET
abr-152	293	26	ipo	ipo	NOUN
abr-152	293	27	.	.	PUNCT
abr-152	294	1	this	this	DET
abr-152	294	2	result	result	NOUN
abr-152	294	3	holds	hold	VERB
abr-152	294	4	across	across	ADP
abr-152	294	5	compliance	compliance	NOUN
abr-152	294	6	subgroups	subgroup	NOUN
abr-152	294	7	;	;	PUNCT
abr-152	294	8	fully	fully	ADV
abr-152	294	9	compliant	compliant	ADJ
abr-152	294	10	firms	firm	NOUN
abr-152	294	11	do	do	AUX
abr-152	294	12	not	not	PART
abr-152	294	13	experience	experience	VERB
abr-152	294	14	statistically	statistically	ADV
abr-152	294	15	lower	low	ADJ
abr-152	294	16	underpricing	underpricing	ADJ
abr-152	294	17	or	or	CCONJ
abr-152	294	18	statistically	statistically	ADV
abr-152	294	19	higher	high	ADJ
abr-152	294	20	post	post	ADJ
abr-152	294	21	-	-	ADJ
abr-152	294	22	ipo	ipo	ADJ
abr-152	294	23	performance	performance	NOUN
abr-152	294	24	than	than	ADP
abr-152	294	25	firms	firm	NOUN
abr-152	294	26	where	where	SCONJ
abr-152	294	27	managers	manager	NOUN
abr-152	294	28	reveal	reveal	VERB
abr-152	294	29	information	information	NOUN
abr-152	294	30	regarding	regard	VERB
abr-152	294	31	internal	internal	ADJ
abr-152	294	32	controls	control	NOUN
abr-152	294	33	.	.	PUNCT
abr-152	295	1	we	we	PRON
abr-152	295	2	can	can	AUX
abr-152	295	3	not	not	PART
abr-152	295	4	rule	rule	VERB
abr-152	295	5	out	out	ADP
abr-152	295	6	the	the	DET
abr-152	295	7	possibility	possibility	NOUN
abr-152	295	8	that	that	SCONJ
abr-152	295	9	our	our	PRON
abr-152	295	10	findings	finding	NOUN
abr-152	295	11	are	be	AUX
abr-152	295	12	affected	affect	VERB
abr-152	295	13	by	by	ADP
abr-152	295	14	a	a	DET
abr-152	295	15	self	self	NOUN
abr-152	295	16	-	-	PUNCT
abr-152	295	17	selection	selection	NOUN
abr-152	295	18	bias	bias	NOUN
abr-152	295	19	,	,	PUNCT
abr-152	295	20	as	as	SCONJ
abr-152	295	21	firms	firm	NOUN
abr-152	295	22	that	that	PRON
abr-152	295	23	have	have	VERB
abr-152	295	24	stronger	strong	ADJ
abr-152	295	25	internal	internal	ADJ
abr-152	295	26	controls	control	NOUN
abr-152	295	27	are	be	AUX
abr-152	295	28	more	more	ADV
abr-152	295	29	willing	willing	ADJ
abr-152	295	30	to	to	PART
abr-152	295	31	comply	comply	VERB
abr-152	295	32	.	.	PUNCT
abr-152	296	1	however	however	ADV
abr-152	296	2	,	,	PUNCT
abr-152	296	3	the	the	DET
abr-152	296	4	results	result	NOUN
abr-152	296	5	of	of	ADP
abr-152	296	6	our	our	PRON
abr-152	296	7	study	study	NOUN
abr-152	296	8	are	be	AUX
abr-152	296	9	consistent	consistent	ADJ
abr-152	296	10	with	with	ADP
abr-152	296	11	a	a	DET
abr-152	296	12	survey	survey	NOUN
abr-152	296	13	performed	perform	VERB
abr-152	296	14	by	by	ADP
abr-152	296	15	alexander	alexander	PROPN
abr-152	296	16	,	,	PUNCT
abr-152	296	17	bauguess	bauguess	NOUN
abr-152	296	18	,	,	PUNCT
abr-152	296	19	bernile	bernile	NOUN
abr-152	296	20	,	,	PUNCT
abr-152	296	21	lee	lee	PROPN
abr-152	296	22	,	,	PUNCT
abr-152	296	23	and	and	CCONJ
abr-152	296	24	marietta	marietta	PROPN
abr-152	296	25	(	(	PUNCT
abr-152	296	26	2013	2013	NUM
abr-152	296	27	)	)	PUNCT
abr-152	296	28	.	.	PUNCT
abr-152	297	1	the	the	DET
abr-152	297	2	corporate	corporate	ADJ
abr-152	297	3	insiders	insider	NOUN
abr-152	297	4	in	in	ADP
abr-152	297	5	their	their	PRON
abr-152	297	6	survey	survey	NOUN
abr-152	297	7	do	do	AUX
abr-152	297	8	not	not	PART
abr-152	297	9	believe	believe	VERB
abr-152	297	10	that	that	SCONJ
abr-152	297	11	the	the	DET
abr-152	297	12	benefits	benefit	NOUN
abr-152	297	13	achieved	achieve	VERB
abr-152	297	14	from	from	ADP
abr-152	297	15	sox	sox	PROPN
abr-152	297	16	404	404	NUM
abr-152	297	17	compliance	compliance	NOUN
abr-152	297	18	outweigh	outweigh	VERB
abr-152	297	19	the	the	DET
abr-152	297	20	costs	cost	NOUN
abr-152	297	21	.	.	PUNCT
abr-152	298	1	it	it	PRON
abr-152	298	2	is	be	AUX
abr-152	298	3	also	also	ADV
abr-152	298	4	possible	possible	ADJ
abr-152	298	5	that	that	SCONJ
abr-152	298	6	there	there	PRON
abr-152	298	7	are	be	VERB
abr-152	298	8	other	other	ADJ
abr-152	298	9	benefits	benefit	NOUN
abr-152	298	10	from	from	ADP
abr-152	298	11	sox	sox	PROPN
abr-152	298	12	404	404	NUM
abr-152	298	13	that	that	PRON
abr-152	298	14	are	be	AUX
abr-152	298	15	not	not	PART
abr-152	298	16	effectively	effectively	ADV
abr-152	298	17	measured	measure	VERB
abr-152	298	18	by	by	ADP
abr-152	298	19	firm	firm	ADJ
abr-152	298	20	returns	return	NOUN
abr-152	298	21	.	.	PUNCT
abr-152	299	1	for	for	ADP
abr-152	299	2	example	example	NOUN
abr-152	299	3	,	,	PUNCT
abr-152	299	4	cassell	cassell	PROPN
abr-152	299	5	,	,	PUNCT
abr-152	299	6	myers	myer	NOUN
abr-152	299	7	,	,	PUNCT
abr-152	299	8	and	and	CCONJ
abr-152	299	9	zhou	zhou	PROPN
abr-152	299	10	(	(	PUNCT
abr-152	299	11	2013	2013	NUM
abr-152	299	12	)	)	PUNCT
abr-152	299	13	find	find	VERB
abr-152	299	14	that	that	SCONJ
abr-152	299	15	sox	sox	PROPN
abr-152	299	16	404	404	NUM
abr-152	299	17	compliance	compliance	NOUN
abr-152	299	18	reduces	reduce	VERB
abr-152	299	19	the	the	DET
abr-152	299	20	cost	cost	NOUN
abr-152	299	21	of	of	ADP
abr-152	299	22	capital	capital	NOUN
abr-152	299	23	.	.	PUNCT
abr-152	300	1	our	our	PRON
abr-152	300	2	results	result	NOUN
abr-152	300	3	provide	provide	VERB
abr-152	300	4	insights	insight	NOUN
abr-152	300	5	into	into	ADP
abr-152	300	6	the	the	DET
abr-152	300	7	value	value	NOUN
abr-152	300	8	of	of	ADP
abr-152	300	9	sox	sox	PROPN
abr-152	300	10	404	404	NUM
abr-152	300	11	compliance	compliance	NOUN
abr-152	300	12	for	for	ADP
abr-152	300	13	managers	manager	NOUN
abr-152	300	14	of	of	ADP
abr-152	300	15	firms	firm	NOUN
abr-152	300	16	considering	consider	VERB
abr-152	300	17	or	or	CCONJ
abr-152	300	18	preparing	prepare	VERB
abr-152	300	19	to	to	PART
abr-152	300	20	conduct	conduct	VERB
abr-152	300	21	ipos	ipos	NOUN
abr-152	300	22	,	,	PUNCT
abr-152	300	23	as	as	ADV
abr-152	300	24	well	well	ADV
abr-152	300	25	as	as	ADP
abr-152	300	26	for	for	ADP
abr-152	300	27	regulators	regulator	NOUN
abr-152	300	28	.	.	PUNCT
abr-152	301	1	first	first	ADV
abr-152	301	2	,	,	PUNCT
abr-152	301	3	there	there	PRON
abr-152	301	4	does	do	AUX
abr-152	301	5	not	not	PART
abr-152	301	6	appear	appear	VERB
abr-152	301	7	to	to	PART
abr-152	301	8	be	be	AUX
abr-152	301	9	a	a	DET
abr-152	301	10	benefit	benefit	NOUN
abr-152	301	11	to	to	ADP
abr-152	301	12	managers	manager	NOUN
abr-152	301	13	from	from	ADP
abr-152	301	14	diverting	divert	VERB
abr-152	301	15	financial	financial	ADJ
abr-152	301	16	or	or	CCONJ
abr-152	301	17	managerial	managerial	ADJ
abr-152	301	18	resources	resource	NOUN
abr-152	301	19	away	away	ADV
abr-152	301	20	from	from	ADP
abr-152	301	21	the	the	DET
abr-152	301	22	operations	operation	NOUN
abr-152	301	23	of	of	ADP
abr-152	301	24	the	the	DET
abr-152	301	25	firm	firm	NOUN
abr-152	301	26	towards	towards	ADP
abr-152	301	27	compliance	compliance	NOUN
abr-152	301	28	with	with	ADP
abr-152	301	29	sox	sox	PROPN
abr-152	301	30	404	404	NUM
abr-152	301	31	at	at	ADP
abr-152	301	32	the	the	DET
abr-152	301	33	time	time	NOUN
abr-152	301	34	of	of	ADP
abr-152	301	35	the	the	DET
abr-152	301	36	ipo	ipo	NOUN
abr-152	301	37	in	in	ADP
abr-152	301	38	terms	term	NOUN
abr-152	301	39	of	of	ADP
abr-152	301	40	money	money	NOUN
abr-152	301	41	left	leave	VERB
abr-152	301	42	on	on	ADP
abr-152	301	43	the	the	DET
abr-152	301	44	table	table	NOUN
abr-152	301	45	.	.	PUNCT
abr-152	302	1	secondly	secondly	ADV
abr-152	302	2	,	,	PUNCT
abr-152	302	3	revealing	reveal	VERB
abr-152	302	4	information	information	NOUN
abr-152	302	5	regarding	regard	VERB
abr-152	302	6	internal	internal	ADJ
abr-152	302	7	controls	control	NOUN
abr-152	302	8	,	,	PUNCT
abr-152	302	9	and	and	CCONJ
abr-152	302	10	having	have	VERB
abr-152	302	11	an	an	DET
abr-152	302	12	external	external	ADJ
abr-152	302	13	audit	audit	NOUN
abr-152	302	14	of	of	ADP
abr-152	302	15	internal	internal	ADJ
abr-152	302	16	controls	control	NOUN
abr-152	302	17	in	in	ADP
abr-152	302	18	order	order	NOUN
abr-152	302	19	to	to	PART
abr-152	302	20	comply	comply	VERB
abr-152	302	21	with	with	ADP
abr-152	302	22	sox	sox	PROPN
abr-152	302	23	404	404	PROPN
abr-152	302	24	does	do	AUX
abr-152	302	25	not	not	PART
abr-152	302	26	appear	appear	VERB
abr-152	302	27	to	to	PART
abr-152	302	28	provide	provide	VERB
abr-152	302	29	meaningful	meaningful	ADJ
abr-152	302	30	benefits	benefit	NOUN
abr-152	302	31	to	to	PART
abr-152	302	32	firm	firm	ADJ
abr-152	302	33	value	value	NOUN
abr-152	302	34	in	in	ADP
abr-152	302	35	periods	period	NOUN
abr-152	302	36	up	up	ADP
abr-152	302	37	to	to	ADP
abr-152	302	38	the	the	DET
abr-152	302	39	two	two	NUM
abr-152	302	40	years	year	NOUN
abr-152	302	41	following	follow	VERB
abr-152	302	42	the	the	DET
abr-152	302	43	ipo	ipo	NOUN
abr-152	302	44	.	.	PUNCT
abr-152	303	1	references	reference	NOUN
abr-152	303	2	alexander	alexander	PROPN
abr-152	303	3	,	,	PUNCT
abr-152	303	4	c.	c.	PROPN
abr-152	303	5	r.	r.	PROPN
abr-152	303	6	,	,	PUNCT
abr-152	303	7	bauguess	bauguess	PROPN
abr-152	303	8	,	,	PUNCT
abr-152	303	9	s.	s.	PROPN
abr-152	303	10	w.	w.	PROPN
abr-152	303	11	,	,	PUNCT
abr-152	303	12	bernile	bernile	NOUN
abr-152	303	13	,	,	PUNCT
abr-152	303	14	g.	g.	PROPN
abr-152	303	15	,	,	PUNCT
abr-152	303	16	lee	lee	PROPN
abr-152	303	17	,	,	PUNCT
abr-152	303	18	y.	y.	PROPN
abr-152	303	19	h.	h.	PROPN
abr-152	303	20	a.	a.	PROPN
abr-152	303	21	,	,	PUNCT
abr-152	303	22	&	&	CCONJ
abr-152	303	23	marietta	marietta	PROPN
abr-152	303	24	-	-	PUNCT
abr-152	303	25	westberg	westberg	PROPN
abr-152	303	26	,	,	PUNCT
abr-152	303	27	j.	j.	PROPN
abr-152	303	28	2013	2013	NUM
abr-152	303	29	.	.	PUNCT
abr-152	304	1	economic	economic	ADJ
abr-152	304	2	effects	effect	NOUN
abr-152	304	3	of	of	ADP
abr-152	304	4	sox	sox	PROPN
abr-152	304	5	section	section	NOUN
abr-152	304	6	404	404	NUM
abr-152	304	7	compliance	compliance	NOUN
abr-152	304	8	:	:	PUNCT
abr-152	304	9	a	a	DET
abr-152	304	10	corporate	corporate	ADJ
abr-152	304	11	insider	insider	NOUN
abr-152	304	12	perspective	perspective	NOUN
abr-152	304	13	.	.	PUNCT
abr-152	305	1	journal	journal	NOUN
abr-152	305	2	of	of	ADP
abr-152	305	3	accounting	accounting	NOUN
abr-152	305	4	and	and	CCONJ
abr-152	305	5	economics	economic	NOUN
abr-152	305	6	56(2	56(2	NUM
abr-152	305	7	):	):	PUNCT
abr-152	305	8	267	267	NUM
abr-152	305	9	-	-	SYM
abr-152	305	10	290	290	NUM
abr-152	305	11	.	.	PUNCT
abr-152	305	12	ashbaugh	ashbaugh	NOUN
abr-152	305	13	-	-	PUNCT
abr-152	305	14	skaife	skaife	NOUN
abr-152	305	15	,	,	PUNCT
abr-152	305	16	h.	h.	PROPN
abr-152	305	17	,	,	PUNCT
abr-152	305	18	collins	collins	PROPN
abr-152	305	19	,	,	PUNCT
abr-152	305	20	d.	d.	PROPN
abr-152	305	21	w.	w.	PROPN
abr-152	305	22	,	,	PUNCT
abr-152	305	23	kinney	kinney	PROPN
abr-152	305	24	jr	jr	PROPN
abr-152	305	25	,	,	PUNCT
abr-152	305	26	w.	w.	PROPN
abr-152	305	27	r.	r.	PROPN
abr-152	305	28	,	,	PUNCT
abr-152	305	29	&	&	CCONJ
abr-152	305	30	lafond	lafond	PROPN
abr-152	305	31	,	,	PUNCT
abr-152	305	32	r.	r.	PROPN
abr-152	305	33	2008	2008	NUM
abr-152	305	34	.	.	PUNCT
abr-152	306	1	the	the	DET
abr-152	306	2	effect	effect	NOUN
abr-152	306	3	of	of	ADP
abr-152	306	4	sox	sox	PROPN
abr-152	306	5	internal	internal	ADJ
abr-152	306	6	control	control	NOUN
abr-152	306	7	deficiencies	deficiency	NOUN
abr-152	306	8	and	and	CCONJ
abr-152	306	9	their	their	PRON
abr-152	306	10	remediation	remediation	NOUN
abr-152	306	11	on	on	ADP
abr-152	306	12	accrual	accrual	ADJ
abr-152	306	13	quality	quality	NOUN
abr-152	306	14	.	.	PUNCT
abr-152	307	1	the	the	DET
abr-152	307	2	accounting	accounting	PROPN
abr-152	307	3	review	review	NOUN
abr-152	307	4	83(1	83(1	NOUN
abr-152	307	5	):	):	PUNCT
abr-152	307	6	217	217	NUM
abr-152	307	7	-	-	SYM
abr-152	307	8	250	250	NUM
abr-152	307	9	.	.	PUNCT
abr-152	308	1	ball	ball	PROPN
abr-152	308	2	,	,	PUNCT
abr-152	308	3	r.	r.	PROPN
abr-152	308	4	,	,	PUNCT
abr-152	308	5	&	&	CCONJ
abr-152	308	6	shivakumar	shivakumar	PROPN
abr-152	308	7	,	,	PUNCT
abr-152	308	8	l.	l.	PROPN
abr-152	308	9	2006	2006	NUM
abr-152	308	10	.	.	PUNCT
abr-152	309	1	the	the	DET
abr-152	309	2	role	role	NOUN
abr-152	309	3	of	of	ADP
abr-152	309	4	accruals	accrual	NOUN
abr-152	309	5	in	in	ADP
abr-152	309	6	asymmetrically	asymmetrically	ADV
abr-152	309	7	timely	timely	ADJ
abr-152	309	8	gain	gain	NOUN
abr-152	309	9	and	and	CCONJ
abr-152	309	10	loss	loss	NOUN
abr-152	309	11	recognition	recognition	NOUN
abr-152	309	12	.	.	PUNCT
abr-152	310	1	journal	journal	NOUN
abr-152	310	2	of	of	ADP
abr-152	310	3	accounting	accounting	NOUN
abr-152	310	4	research	research	NOUN
abr-152	310	5	44(2	44(2	NOUN
abr-152	310	6	):	):	PUNCT
abr-152	310	7	207	207	NUM
abr-152	310	8	-	-	SYM
abr-152	310	9	242	242	NUM
abr-152	310	10	.	.	PUNCT
abr-152	311	1	barry	barry	PROPN
abr-152	311	2	,	,	PUNCT
abr-152	311	3	c.	c.	PROPN
abr-152	311	4	b.	b.	PROPN
abr-152	311	5	,	,	PUNCT
abr-152	311	6	muscarella	muscarella	PROPN
abr-152	311	7	,	,	PUNCT
abr-152	311	8	c.	c.	PROPN
abr-152	311	9	j.	j.	PROPN
abr-152	311	10	,	,	PUNCT
abr-152	311	11	peavy	peavy	PROPN
abr-152	311	12	,	,	PUNCT
abr-152	311	13	j.	j.	PROPN
abr-152	311	14	w.	w.	PROPN
abr-152	311	15	,	,	PUNCT
abr-152	311	16	&	&	CCONJ
abr-152	311	17	vetsuypens	vetsuypen	NOUN
abr-152	311	18	,	,	PUNCT
abr-152	311	19	m.	m.	PROPN
abr-152	311	20	r.	r.	PROPN
abr-152	311	21	1990	1990	NUM
abr-152	311	22	.	.	PUNCT
abr-152	312	1	the	the	DET
abr-152	312	2	role	role	NOUN
abr-152	312	3	of	of	ADP
abr-152	312	4	venture	venture	NOUN
abr-152	312	5	capital	capital	NOUN
abr-152	312	6	in	in	ADP
abr-152	312	7	the	the	DET
abr-152	312	8	creation	creation	NOUN
abr-152	312	9	of	of	ADP
abr-152	312	10	public	public	ADJ
abr-152	312	11	companies	company	NOUN
abr-152	312	12	:	:	PUNCT
abr-152	312	13	evidence	evidence	NOUN
abr-152	312	14	from	from	ADP
abr-152	312	15	the	the	DET
abr-152	312	16	going	go	VERB
abr-152	312	17	-	-	PUNCT
abr-152	312	18	public	public	ADJ
abr-152	312	19	process	process	NOUN
abr-152	312	20	.	.	PUNCT
abr-152	313	1	journal	journal	NOUN
abr-152	313	2	of	of	ADP
abr-152	313	3	financial	financial	ADJ
abr-152	313	4	economics	economic	NOUN
abr-152	313	5	27(2	27(2	NUM
abr-152	313	6	):	):	PUNCT
abr-152	313	7	447	447	NUM
abr-152	313	8	-	-	SYM
abr-152	313	9	471	471	NUM
abr-152	313	10	.	.	PUNCT
abr-152	314	1	beatty	beatty	PROPN
abr-152	314	2	,	,	PUNCT
abr-152	314	3	r.	r.	PROPN
abr-152	314	4	p.	p.	PROPN
abr-152	314	5	1989	1989	NUM
abr-152	314	6	.	.	PUNCT
abr-152	315	1	auditor	auditor	NOUN
abr-152	315	2	reputation	reputation	NOUN
abr-152	315	3	and	and	CCONJ
abr-152	315	4	the	the	DET
abr-152	315	5	pricing	pricing	NOUN
abr-152	315	6	of	of	ADP
abr-152	315	7	initial	initial	ADJ
abr-152	315	8	public	public	ADJ
abr-152	315	9	offerings	offering	NOUN
abr-152	315	10	.	.	PUNCT
abr-152	316	1	accounting	accounting	NOUN
abr-152	316	2	review	review	NOUN
abr-152	316	3	64(4	64(4	NOUN
abr-152	316	4	):	):	PUNCT
abr-152	316	5	693709	693709	NUM
abr-152	316	6	.	.	PUNCT
abr-152	317	1	beneish	beneish	PROPN
abr-152	317	2	,	,	PUNCT
abr-152	317	3	m.	m.	PROPN
abr-152	317	4	d.	d.	PROPN
abr-152	317	5	,	,	PUNCT
abr-152	317	6	billings	billing	NOUN
abr-152	317	7	,	,	PUNCT
abr-152	317	8	m.	m.	PROPN
abr-152	317	9	b.	b.	PROPN
abr-152	317	10	,	,	PUNCT
abr-152	317	11	&	&	CCONJ
abr-152	317	12	hodder	hodder	PROPN
abr-152	317	13	,	,	PUNCT
abr-152	317	14	l.	l.	PROPN
abr-152	317	15	d.	d.	PROPN
abr-152	317	16	2008	2008	NUM
abr-152	317	17	.	.	PUNCT
abr-152	318	1	internal	internal	ADJ
abr-152	318	2	control	control	NOUN
abr-152	318	3	weaknesses	weakness	NOUN
abr-152	318	4	and	and	CCONJ
abr-152	318	5	information	information	NOUN
abr-152	318	6	uncertainty	uncertainty	NOUN
abr-152	318	7	.	.	PUNCT
abr-152	319	1	the	the	DET
abr-152	319	2	accounting	accounting	PROPN
abr-152	319	3	review	review	NOUN
abr-152	319	4	83(3	83(3	VERB
abr-152	319	5	):	):	PUNCT
abr-152	319	6	665	665	NUM
abr-152	319	7	-	-	SYM
abr-152	319	8	703	703	NUM
abr-152	319	9	.	.	PUNCT
abr-152	320	1	benoit	benoit	PROPN
abr-152	320	2	,	,	PUNCT
abr-152	320	3	bob	bob	PROPN
abr-152	320	4	.	.	PROPN
abr-152	320	5	2008	2008	NUM
abr-152	320	6	.	.	PUNCT
abr-152	321	1	“	"	PUNCT
abr-152	321	2	the	the	DET
abr-152	321	3	sarbanes	sarbanes	PROPN
abr-152	321	4	-	-	PUNCT
abr-152	321	5	oxley	oxley	ADJ
abr-152	321	6	investment	investment	NOUN
abr-152	321	7	:	:	PUNCT
abr-152	321	8	a	a	DET
abr-152	321	9	section	section	NOUN
abr-152	321	10	404	404	NUM
abr-152	321	11	cost	cost	NOUN
abr-152	321	12	study	study	NOUN
abr-152	321	13	for	for	ADP
abr-152	321	14	smaller	small	ADJ
abr-152	321	15	companies	company	NOUN
abr-152	321	16	,	,	PUNCT
abr-152	321	17	”	"	PUNCT
abr-152	321	18	huang	huang	PROPN
abr-152	321	19	et	et	PROPN
abr-152	321	20	al	al	PROPN
abr-152	321	21	.	.	PROPN
abr-152	321	22	27	27	NUM
abr-152	321	23	lord	lord	PROPN
abr-152	321	24	&	&	CCONJ
abr-152	321	25	benoit	benoit	PROPN
abr-152	321	26	january	january	PROPN
abr-152	321	27	9	9	NUM
abr-152	321	28	,	,	PUNCT
abr-152	321	29	2008	2008	NUM
abr-152	321	30	.	.	PUNCT
abr-152	322	1	booth	booth	PROPN
abr-152	322	2	,	,	PUNCT
abr-152	322	3	james	james	PROPN
abr-152	322	4	r.	r.	PROPN
abr-152	322	5	/	/	SYM
abr-152	322	6	smith	smith	PROPN
abr-152	322	7	,	,	PUNCT
abr-152	322	8	richard	richard	PROPN
abr-152	322	9	l.	l.	PROPN
abr-152	322	10	ii	ii	PROPN
abr-152	322	11	.	.	PUNCT
abr-152	323	1	1986	1986	NUM
abr-152	323	2	:	:	PUNCT
abr-152	324	1	capital	capital	NOUN
abr-152	324	2	raising	raising	NOUN
abr-152	324	3	,	,	PUNCT
abr-152	324	4	underwriting	underwriting	NOUN
abr-152	324	5	and	and	CCONJ
abr-152	324	6	the	the	DET
abr-152	324	7	certification	certification	NOUN
abr-152	324	8	hypothesis	hypothesis	NOUN
abr-152	324	9	,	,	PUNCT
abr-152	324	10	in	in	ADP
abr-152	324	11	:	:	PUNCT
abr-152	324	12	journal	journal	NOUN
abr-152	324	13	of	of	ADP
abr-152	324	14	financial	financial	ADJ
abr-152	324	15	economics	economic	NOUN
abr-152	324	16	15	15	NUM
abr-152	324	17	:	:	PUNCT
abr-152	324	18	261	261	NUM
abr-152	324	19	-	-	SYM
abr-152	324	20	281	281	NUM
abr-152	324	21	brav	brav	NOUN
abr-152	324	22	,	,	PUNCT
abr-152	324	23	a.	a.	NOUN
abr-152	324	24	and	and	CCONJ
abr-152	324	25	p.	p.	PROPN
abr-152	324	26	gompers	gomper	NOUN
abr-152	324	27	.	.	PUNCT
abr-152	325	1	1997	1997	NUM
abr-152	325	2	.	.	PUNCT
abr-152	326	1	myth	myth	NOUN
abr-152	326	2	or	or	CCONJ
abr-152	326	3	reality	reality	NOUN
abr-152	326	4	?	?	PUNCT
abr-152	327	1	the	the	DET
abr-152	327	2	long	long	ADV
abr-152	327	3	-	-	PUNCT
abr-152	327	4	run	run	NOUN
abr-152	327	5	underperformance	underperformance	NOUN
abr-152	327	6	of	of	ADP
abr-152	327	7	initial	initial	ADJ
abr-152	327	8	public	public	ADJ
abr-152	327	9	offerings	offering	NOUN
abr-152	327	10	:	:	PUNCT
abr-152	327	11	evidence	evidence	NOUN
abr-152	327	12	from	from	ADP
abr-152	327	13	venture	venture	NOUN
abr-152	327	14	and	and	CCONJ
abr-152	327	15	non	non	ADJ
abr-152	327	16	-	-	ADJ
abr-152	327	17	venture	venture	ADJ
abr-152	327	18	backed	back	VERB
abr-152	327	19	companies	company	NOUN
abr-152	327	20	.	.	PUNCT
abr-152	328	1	journal	journal	NOUN
abr-152	328	2	of	of	ADP
abr-152	328	3	finance	finance	NOUN
abr-152	328	4	52	52	NUM
abr-152	328	5	:	:	SYM
abr-152	328	6	17911822	17911822	NUM
abr-152	328	7	.	.	PUNCT
abr-152	329	1	bronson	bronson	PROPN
abr-152	329	2	,	,	PUNCT
abr-152	329	3	s.	s.	PROPN
abr-152	329	4	n.	n.	PROPN
abr-152	329	5	,	,	PUNCT
abr-152	329	6	carcello	carcello	PROPN
abr-152	329	7	,	,	PUNCT
abr-152	329	8	j.	j.	PROPN
abr-152	329	9	v.	v.	PROPN
abr-152	329	10	,	,	PUNCT
abr-152	329	11	&	&	CCONJ
abr-152	329	12	raghunandan	raghunandan	PROPN
abr-152	329	13	,	,	PUNCT
abr-152	329	14	k.	k.	PROPN
abr-152	329	15	2006	2006	NUM
abr-152	329	16	.	.	PUNCT
abr-152	330	1	firm	firm	ADJ
abr-152	330	2	characteristics	characteristic	NOUN
abr-152	330	3	and	and	CCONJ
abr-152	330	4	voluntary	voluntary	ADJ
abr-152	330	5	management	management	NOUN
abr-152	330	6	reports	report	NOUN
abr-152	330	7	on	on	ADP
abr-152	330	8	internal	internal	ADJ
abr-152	330	9	control	control	NOUN
abr-152	330	10	.	.	PUNCT
abr-152	331	1	auditing	auditing	NOUN
abr-152	331	2	:	:	PUNCT
abr-152	331	3	a	a	DET
abr-152	331	4	journal	journal	NOUN
abr-152	331	5	of	of	ADP
abr-152	331	6	practice	practice	NOUN
abr-152	331	7	&	&	CCONJ
abr-152	331	8	theory	theory	NOUN
abr-152	331	9	25(2	25(2	NUM
abr-152	331	10	):	):	PUNCT
abr-152	331	11	25	25	NUM
abr-152	331	12	-	-	SYM
abr-152	331	13	39	39	NUM
abr-152	331	14	.	.	PUNCT
abr-152	332	1	carter	carter	PROPN
abr-152	332	2	,	,	PUNCT
abr-152	332	3	r.b	r.b	PROPN
abr-152	332	4	.	.	PROPN
abr-152	332	5	;	;	PUNCT
abr-152	332	6	dark	dark	PROPN
abr-152	332	7	,	,	PUNCT
abr-152	332	8	f.h	f.h	PROPN
abr-152	332	9	.	.	PROPN
abr-152	332	10	and	and	CCONJ
abr-152	332	11	singh	singh	PROPN
abr-152	332	12	,	,	PUNCT
abr-152	332	13	a.k	a.k	PROPN
abr-152	332	14	.	.	PROPN
abr-152	332	15	1998	1998	NUM
abr-152	332	16	.	.	PUNCT
abr-152	333	1	underwriter	underwriter	NOUN
abr-152	333	2	reputation	reputation	NOUN
abr-152	333	3	,	,	PUNCT
abr-152	333	4	initial	initial	ADJ
abr-152	333	5	returns	return	NOUN
abr-152	333	6	and	and	CCONJ
abr-152	333	7	long	long	ADJ
abr-152	333	8	runperformance	runperformance	NOUN
abr-152	333	9	of	of	ADP
abr-152	333	10	ipo	ipo	NOUN
abr-152	333	11	stocks	stock	NOUN
abr-152	333	12	.	.	PUNCT
abr-152	334	1	the	the	DET
abr-152	334	2	journal	journal	NOUN
abr-152	334	3	of	of	ADP
abr-152	334	4	finance	finance	PROPN
abr-152	334	5	53(1	53(1	PROPN
abr-152	334	6	):	):	PUNCT
abr-152	334	7	285	285	NUM
abr-152	334	8	-	-	SYM
abr-152	334	9	311	311	NUM
abr-152	334	10	.	.	PUNCT
abr-152	335	1	carter	carter	PROPN
abr-152	335	2	,	,	PUNCT
abr-152	335	3	r.b	r.b	PROPN
abr-152	335	4	.	.	PROPN
abr-152	335	5	and	and	CCONJ
abr-152	335	6	manaster	manaster	PROPN
abr-152	335	7	,	,	PUNCT
abr-152	335	8	s.	s.	PROPN
abr-152	335	9	1990	1990	NUM
abr-152	335	10	.	.	PUNCT
abr-152	336	1	initial	initial	ADJ
abr-152	336	2	public	public	ADJ
abr-152	336	3	offerings	offering	NOUN
abr-152	336	4	and	and	CCONJ
abr-152	336	5	underwriter	underwriter	NOUN
abr-152	336	6	reputation	reputation	NOUN
abr-152	336	7	.	.	PUNCT
abr-152	337	1	the	the	DET
abr-152	337	2	journal	journal	NOUN
abr-152	337	3	of	of	ADP
abr-152	337	4	finance	finance	NOUN
abr-152	337	5	45(4	45(4	NOUN
abr-152	337	6	):	):	PUNCT
abr-152	337	7	1045	1045	NUM
abr-152	337	8	-	-	SYM
abr-152	337	9	1068	1068	NUM
abr-152	337	10	.	.	PUNCT
abr-152	338	1	cassell	cassell	PROPN
abr-152	338	2	,	,	PUNCT
abr-152	338	3	c.	c.	PROPN
abr-152	338	4	a.	a.	PROPN
abr-152	338	5	,	,	PUNCT
abr-152	338	6	myers	myers	PROPN
abr-152	338	7	,	,	PUNCT
abr-152	338	8	l.	l.	PROPN
abr-152	338	9	a.	a.	PROPN
abr-152	338	10	,	,	PUNCT
abr-152	338	11	&	&	CCONJ
abr-152	338	12	zhou	zhou	PROPN
abr-152	338	13	,	,	PUNCT
abr-152	338	14	j.	j.	PROPN
abr-152	338	15	2013	2013	NUM
abr-152	338	16	.	.	PUNCT
abr-152	339	1	the	the	DET
abr-152	339	2	effect	effect	NOUN
abr-152	339	3	of	of	ADP
abr-152	339	4	voluntary	voluntary	ADJ
abr-152	339	5	internal	internal	ADJ
abr-152	339	6	control	control	NOUN
abr-152	339	7	audits	audits	NOUN
abr-152	339	8	on	on	ADP
abr-152	339	9	the	the	DET
abr-152	339	10	cost	cost	NOUN
abr-152	339	11	of	of	ADP
abr-152	339	12	capital	capital	NOUN
abr-152	339	13	.	.	PUNCT
abr-152	340	1	available	available	ADJ
abr-152	340	2	at	at	ADP
abr-152	340	3	ssrn	ssrn	PROPN
abr-152	340	4	1734300	1734300	NUM
abr-152	340	5	.	.	PUNCT
abr-152	341	1	fama	fama	PROPN
abr-152	341	2	,	,	PUNCT
abr-152	341	3	e.	e.	PROPN
abr-152	341	4	,	,	PUNCT
abr-152	341	5	and	and	CCONJ
abr-152	341	6	k.	k.	PROPN
abr-152	341	7	french	french	PROPN
abr-152	341	8	.	.	PUNCT
abr-152	342	1	1992	1992	NUM
abr-152	342	2	.	.	PUNCT
abr-152	343	1	the	the	DET
abr-152	343	2	cross	cross	NOUN
abr-152	343	3	-	-	NOUN
abr-152	343	4	section	section	NOUN
abr-152	343	5	of	of	ADP
abr-152	343	6	expected	expect	VERB
abr-152	343	7	stock	stock	NOUN
abr-152	343	8	returns	return	NOUN
abr-152	343	9	.	.	PUNCT
abr-152	344	1	journal	journal	NOUN
abr-152	344	2	of	of	ADP
abr-152	344	3	finance	finance	NOUN
abr-152	344	4	47	47	NUM
abr-152	344	5	:	:	SYM
abr-152	344	6	427	427	NUM
abr-152	344	7	-	-	SYM
abr-152	344	8	65	65	NUM
abr-152	344	9	.	.	PUNCT
abr-152	345	1	copley	copley	PROPN
abr-152	345	2	,	,	PUNCT
abr-152	345	3	p.	p.	NOUN
abr-152	345	4	a.	a.	PROPN
abr-152	345	5	,	,	PUNCT
abr-152	345	6	&	&	CCONJ
abr-152	345	7	douthett	douthett	PROPN
abr-152	345	8	,	,	PUNCT
abr-152	345	9	e.	e.	PROPN
abr-152	345	10	b.	b.	PROPN
abr-152	345	11	2002	2002	NUM
abr-152	345	12	.	.	PUNCT
abr-152	346	1	the	the	DET
abr-152	346	2	association	association	NOUN
abr-152	346	3	between	between	ADP
abr-152	346	4	auditor	auditor	PROPN
abr-152	346	5	choice	choice	NOUN
abr-152	346	6	,	,	PUNCT
abr-152	346	7	ownership	ownership	NOUN
abr-152	346	8	retained	retain	VERB
abr-152	346	9	,	,	PUNCT
abr-152	346	10	and	and	CCONJ
abr-152	346	11	earnings	earning	NOUN
abr-152	346	12	disclosure	disclosure	NOUN
abr-152	346	13	by	by	ADP
abr-152	346	14	firms	firm	NOUN
abr-152	346	15	making	make	VERB
abr-152	346	16	initial	initial	ADJ
abr-152	346	17	public	public	ADJ
abr-152	346	18	offerings	offering	NOUN
abr-152	346	19	.	.	PUNCT
abr-152	347	1	contemporary	contemporary	ADJ
abr-152	347	2	accounting	accounting	PROPN
abr-152	347	3	research	research	PROPN
abr-152	347	4	19(1	19(1	NUM
abr-152	347	5	):	):	PUNCT
abr-152	347	6	4976	4976	NUM
abr-152	347	7	.	.	PUNCT
abr-152	348	1	datar	datar	PROPN
abr-152	348	2	,	,	PUNCT
abr-152	348	3	s.	s.	PROPN
abr-152	348	4	m.	m.	PROPN
abr-152	348	5	,	,	PUNCT
abr-152	348	6	feltham	feltham	PROPN
abr-152	348	7	,	,	PUNCT
abr-152	348	8	g.	g.	PROPN
abr-152	348	9	a.	a.	PROPN
abr-152	348	10	,	,	PUNCT
abr-152	348	11	&	&	CCONJ
abr-152	348	12	hughes	hughes	PROPN
abr-152	348	13	,	,	PUNCT
abr-152	348	14	j.	j.	PROPN
abr-152	348	15	s.	s.	PROPN
abr-152	348	16	1991	1991	NUM
abr-152	348	17	.	.	PUNCT
abr-152	349	1	the	the	DET
abr-152	349	2	role	role	NOUN
abr-152	349	3	of	of	ADP
abr-152	349	4	audits	audits	NOUN
abr-152	349	5	and	and	CCONJ
abr-152	349	6	audit	audit	NOUN
abr-152	349	7	quality	quality	NOUN
abr-152	349	8	in	in	ADP
abr-152	349	9	valuing	value	VERB
abr-152	349	10	new	new	ADJ
abr-152	349	11	issues	issue	NOUN
abr-152	349	12	.	.	PUNCT
abr-152	350	1	journal	journal	NOUN
abr-152	350	2	of	of	ADP
abr-152	350	3	accounting	accounting	NOUN
abr-152	350	4	and	and	CCONJ
abr-152	350	5	economics	economic	NOUN
abr-152	350	6	14(1	14(1	NUM
abr-152	350	7	):	):	PUNCT
abr-152	350	8	3	3	NUM
abr-152	350	9	-	-	SYM
abr-152	350	10	49	49	NUM
abr-152	350	11	.	.	PUNCT
abr-152	351	1	doukas	doukas	NOUN
abr-152	351	2	,	,	PUNCT
abr-152	351	3	j.	j.	PROPN
abr-152	351	4	a.	a.	PROPN
abr-152	351	5	,	,	PUNCT
abr-152	351	6	&	&	CCONJ
abr-152	351	7	gonenc	gonenc	PROPN
abr-152	351	8	,	,	PUNCT
abr-152	351	9	h.	h.	PROPN
abr-152	351	10	2005	2005	NUM
abr-152	351	11	.	.	PUNCT
abr-152	352	1	long	long	ADJ
abr-152	352	2	-	-	PUNCT
abr-152	352	3	term	term	NOUN
abr-152	352	4	performance	performance	NOUN
abr-152	352	5	of	of	ADP
abr-152	352	6	new	new	ADJ
abr-152	352	7	equity	equity	NOUN
abr-152	352	8	issuers	issuer	NOUN
abr-152	352	9	,	,	PUNCT
abr-152	352	10	venture	venture	NOUN
abr-152	352	11	capital	capital	NOUN
abr-152	352	12	and	and	CCONJ
abr-152	352	13	reputation	reputation	NOUN
abr-152	352	14	of	of	ADP
abr-152	352	15	investment	investment	NOUN
abr-152	352	16	bankers	banker	NOUN
abr-152	352	17	.	.	PUNCT
abr-152	353	1	economic	economic	ADJ
abr-152	353	2	notes	note	NOUN
abr-152	353	3	34(1	34(1	NOUN
abr-152	353	4	):	):	PUNCT
abr-152	353	5	1	1	NUM
abr-152	353	6	-	-	SYM
abr-152	353	7	34	34	NUM
abr-152	353	8	.	.	PUNCT
abr-152	354	1	doyle	doyle	PROPN
abr-152	354	2	,	,	PUNCT
abr-152	354	3	j.	j.	PROPN
abr-152	354	4	t.	t.	PROPN
abr-152	354	5	,	,	PUNCT
abr-152	354	6	ge	ge	PROPN
abr-152	354	7	,	,	PUNCT
abr-152	354	8	w.	w.	PROPN
abr-152	354	9	,	,	PUNCT
abr-152	354	10	&	&	CCONJ
abr-152	354	11	mcvay	mcvay	PROPN
abr-152	354	12	,	,	PUNCT
abr-152	354	13	s.	s.	PROPN
abr-152	354	14	2007a	2007a	PROPN
abr-152	354	15	.	.	PUNCT
abr-152	355	1	accruals	accrual	NOUN
abr-152	355	2	quality	quality	NOUN
abr-152	355	3	and	and	CCONJ
abr-152	355	4	internal	internal	ADJ
abr-152	355	5	control	control	NOUN
abr-152	355	6	over	over	ADP
abr-152	355	7	financial	financial	ADJ
abr-152	355	8	reporting	reporting	NOUN
abr-152	355	9	.	.	PUNCT
abr-152	356	1	the	the	DET
abr-152	356	2	accounting	accounting	NOUN
abr-152	356	3	review	review	NOUN
abr-152	356	4	82(5	82(5	NOUN
abr-152	356	5	):	):	PUNCT
abr-152	356	6	1141	1141	NUM
abr-152	356	7	-	-	SYM
abr-152	356	8	1170	1170	NUM
abr-152	356	9	.	.	PUNCT
abr-152	357	1	doyle	doyle	PROPN
abr-152	357	2	,	,	PUNCT
abr-152	357	3	j.	j.	PROPN
abr-152	357	4	,	,	PUNCT
abr-152	357	5	ge	ge	PROPN
abr-152	357	6	,	,	PUNCT
abr-152	357	7	w.	w.	PROPN
abr-152	357	8	,	,	PUNCT
abr-152	357	9	&	&	CCONJ
abr-152	357	10	mcvay	mcvay	PROPN
abr-152	357	11	,	,	PUNCT
abr-152	357	12	s.	s.	PROPN
abr-152	357	13	2007b	2007b	NUM
abr-152	357	14	.	.	PUNCT
abr-152	358	1	determinants	determinant	NOUN
abr-152	358	2	of	of	ADP
abr-152	358	3	weaknesses	weakness	NOUN
abr-152	358	4	in	in	ADP
abr-152	358	5	internal	internal	ADJ
abr-152	358	6	control	control	NOUN
abr-152	358	7	over	over	ADP
abr-152	358	8	financial	financial	ADJ
abr-152	358	9	reporting	reporting	NOUN
abr-152	358	10	.	.	PUNCT
abr-152	359	1	journal	journal	NOUN
abr-152	359	2	of	of	ADP
abr-152	359	3	accounting	accounting	NOUN
abr-152	359	4	and	and	CCONJ
abr-152	359	5	economics	economic	NOUN
abr-152	359	6	44(1	44(1	NOUN
abr-152	359	7	):	):	PUNCT
abr-152	359	8	193	193	NUM
abr-152	359	9	-	-	SYM
abr-152	359	10	223	223	NUM
abr-152	359	11	.	.	PUNCT
abr-152	360	1	fama	fama	PROPN
abr-152	360	2	,	,	PUNCT
abr-152	360	3	e.	e.	PROPN
abr-152	360	4	f.	f.	PROPN
abr-152	360	5	,	,	PUNCT
abr-152	360	6	&	&	CCONJ
abr-152	360	7	french	french	PROPN
abr-152	360	8	,	,	PUNCT
abr-152	360	9	k.	k.	PROPN
abr-152	360	10	r.	r.	PROPN
abr-152	360	11	1992	1992	NUM
abr-152	360	12	.	.	PUNCT
abr-152	361	1	the	the	DET
abr-152	361	2	cross	cross	NOUN
abr-152	361	3	-	-	NOUN
abr-152	361	4	section	section	NOUN
abr-152	361	5	of	of	ADP
abr-152	361	6	expected	expect	VERB
abr-152	361	7	stock	stock	NOUN
abr-152	361	8	returns	return	NOUN
abr-152	361	9	.	.	PUNCT
abr-152	362	1	the	the	DET
abr-152	362	2	journal	journal	NOUN
abr-152	362	3	of	of	ADP
abr-152	362	4	finance	finance	PROPN
abr-152	362	5	47(2	47(2	PROPN
abr-152	362	6	):	):	PUNCT
abr-152	362	7	427	427	NUM
abr-152	362	8	-	-	SYM
abr-152	362	9	465	465	NUM
abr-152	362	10	.	.	PUNCT
abr-152	363	1	field	field	NOUN
abr-152	363	2	,	,	PUNCT
abr-152	363	3	l.	l.	PROPN
abr-152	363	4	,	,	PUNCT
abr-152	363	5	and	and	CCONJ
abr-152	363	6	j.	j.	PROPN
abr-152	363	7	karpoff	karpoff	PROPN
abr-152	363	8	.	.	PROPN
abr-152	363	9	2002	2002	NUM
abr-152	363	10	.	.	PUNCT
abr-152	364	1	takeover	takeover	NOUN
abr-152	364	2	defenses	defense	NOUN
abr-152	364	3	of	of	ADP
abr-152	364	4	ipo	ipo	NOUN
abr-152	364	5	firms	firm	NOUN
abr-152	364	6	.	.	PUNCT
abr-152	365	1	journal	journal	NOUN
abr-152	365	2	of	of	ADP
abr-152	365	3	finance	finance	NOUN
abr-152	365	4	57	57	NUM
abr-152	365	5	:	:	PUNCT
abr-152	365	6	1857	1857	NUM
abr-152	365	7	-	-	SYM
abr-152	365	8	1889	1889	NUM
abr-152	365	9	.	.	PUNCT
abr-152	366	1	francis	francis	PROPN
abr-152	366	2	,	,	PUNCT
abr-152	366	3	b.	b.	PROPN
abr-152	366	4	b.	b.	PROPN
abr-152	366	5	,	,	PUNCT
abr-152	366	6	&	&	CCONJ
abr-152	366	7	hasan	hasan	PROPN
abr-152	366	8	,	,	PUNCT
abr-152	366	9	i.	i.	PROPN
abr-152	366	10	2001	2001	NUM
abr-152	366	11	.	.	PUNCT
abr-152	367	1	the	the	DET
abr-152	367	2	underpricing	underpricing	NOUN
abr-152	367	3	of	of	ADP
abr-152	367	4	venture	venture	NOUN
abr-152	367	5	and	and	CCONJ
abr-152	367	6	nonventure	nonventure	NOUN
abr-152	367	7	capital	capital	NOUN
abr-152	367	8	ipos	ipos	PROPN
abr-152	367	9	:	:	PUNCT
abr-152	367	10	an	an	DET
abr-152	367	11	empirical	empirical	ADJ
abr-152	367	12	investigation	investigation	NOUN
abr-152	367	13	.	.	PUNCT
abr-152	368	1	journal	journal	NOUN
abr-152	368	2	of	of	ADP
abr-152	368	3	financial	financial	ADJ
abr-152	368	4	services	service	NOUN
abr-152	368	5	research	research	NOUN
abr-152	368	6	19(2	19(2	PROPN
abr-152	368	7	-	-	SYM
abr-152	368	8	3	3	NUM
abr-152	368	9	):	):	PUNCT
abr-152	368	10	99	99	NUM
abr-152	368	11	-	-	SYM
abr-152	368	12	113	113	NUM
abr-152	368	13	.	.	PUNCT
abr-152	369	1	ge	ge	PROPN
abr-152	369	2	,	,	PUNCT
abr-152	369	3	w.	w.	PROPN
abr-152	369	4	,	,	PUNCT
abr-152	369	5	&	&	CCONJ
abr-152	369	6	mcvay	mcvay	PROPN
abr-152	369	7	,	,	PUNCT
abr-152	369	8	s.	s.	PROPN
abr-152	369	9	2005	2005	NUM
abr-152	369	10	.	.	PUNCT
abr-152	370	1	the	the	DET
abr-152	370	2	disclosure	disclosure	NOUN
abr-152	370	3	of	of	ADP
abr-152	370	4	material	material	NOUN
abr-152	370	5	weaknesses	weakness	NOUN
abr-152	370	6	in	in	ADP
abr-152	370	7	internal	internal	ADJ
abr-152	370	8	control	control	NOUN
abr-152	370	9	after	after	ADP
abr-152	370	10	the	the	DET
abr-152	370	11	sarbanes	sarbanes	PROPN
abr-152	370	12	-	-	PUNCT
abr-152	370	13	oxley	oxley	PROPN
abr-152	370	14	act	act	PROPN
abr-152	370	15	.	.	PUNCT
abr-152	371	1	accounting	accounting	NOUN
abr-152	371	2	horizons	horizon	NOUN
abr-152	371	3	19(3	19(3	NUM
abr-152	371	4	):	):	PUNCT
abr-152	371	5	137	137	NUM
abr-152	371	6	-	-	SYM
abr-152	371	7	158	158	NUM
abr-152	371	8	.	.	PUNCT
abr-152	372	1	gompers	gomper	NOUN
abr-152	372	2	,	,	PUNCT
abr-152	372	3	p.	p.	NOUN
abr-152	372	4	1996	1996	NUM
abr-152	372	5	.	.	PUNCT
abr-152	373	1	grandstanding	grandstand	VERB
abr-152	373	2	in	in	ADP
abr-152	373	3	the	the	DET
abr-152	373	4	venture	venture	NOUN
abr-152	373	5	capital	capital	NOUN
abr-152	373	6	industry	industry	NOUN
abr-152	373	7	.	.	PUNCT
abr-152	374	1	journal	journal	PROPN
abr-152	374	2	of	of	ADP
abr-152	374	3	financial	financial	ADJ
abr-152	374	4	economics	economic	NOUN
abr-152	374	5	43	43	NUM
abr-152	374	6	:	:	PUNCT
abr-152	375	1	133–156	133–156	NUM
abr-152	375	2	.	.	PUNCT
abr-152	375	3	hammersley	hammersley	PROPN
abr-152	375	4	,	,	PUNCT
abr-152	375	5	j.	j.	PROPN
abr-152	375	6	s.	s.	PROPN
abr-152	375	7	,	,	PUNCT
abr-152	375	8	myers	myers	PROPN
abr-152	375	9	,	,	PUNCT
abr-152	375	10	l.	l.	PROPN
abr-152	375	11	a.	a.	PROPN
abr-152	375	12	,	,	PUNCT
abr-152	375	13	&	&	CCONJ
abr-152	375	14	shakespeare	shakespeare	PROPN
abr-152	375	15	,	,	PUNCT
abr-152	375	16	c.	c.	PROPN
abr-152	375	17	2008	2008	NUM
abr-152	375	18	.	.	PUNCT
abr-152	376	1	market	market	NOUN
abr-152	376	2	reactions	reaction	NOUN
abr-152	376	3	to	to	ADP
abr-152	376	4	the	the	DET
abr-152	376	5	disclosure	disclosure	NOUN
abr-152	376	6	of	of	ADP
abr-152	376	7	internal	internal	ADJ
abr-152	376	8	control	control	NOUN
abr-152	376	9	weaknesses	weakness	NOUN
abr-152	376	10	and	and	CCONJ
abr-152	376	11	to	to	ADP
abr-152	376	12	the	the	DET
abr-152	376	13	characteristics	characteristic	NOUN
abr-152	376	14	of	of	ADP
abr-152	376	15	those	those	DET
abr-152	376	16	weaknesses	weakness	NOUN
abr-152	376	17	under	under	ADP
abr-152	376	18	section	section	NOUN
abr-152	376	19	302	302	NUM
abr-152	376	20	of	of	ADP
abr-152	376	21	the	the	DET
abr-152	376	22	sarbanes	sarbanes	PROPN
abr-152	376	23	oxley	oxley	PROPN
abr-152	376	24	act	act	NOUN
abr-152	376	25	of	of	ADP
abr-152	376	26	2002	2002	NUM
abr-152	376	27	.	.	PUNCT
abr-152	377	1	review	review	NOUN
abr-152	377	2	of	of	ADP
abr-152	377	3	accounting	accounting	NOUN
abr-152	377	4	studies	study	NOUN
abr-152	377	5	13(1	13(1	NUM
abr-152	377	6	):	):	PUNCT
abr-152	377	7	141	141	NUM
abr-152	377	8	-	-	SYM
abr-152	377	9	165	165	NUM
abr-152	377	10	.	.	PUNCT
abr-152	378	1	jain	jain	PROPN
abr-152	378	2	,	,	PUNCT
abr-152	378	3	b.	b.	PROPN
abr-152	378	4	a.	a.	PROPN
abr-152	378	5	,	,	PUNCT
abr-152	378	6	&	&	CCONJ
abr-152	378	7	kini	kini	PROPN
abr-152	378	8	,	,	PUNCT
abr-152	378	9	o.	o.	NOUN
abr-152	378	10	1994	1994	NUM
abr-152	378	11	.	.	PUNCT
abr-152	379	1	the	the	DET
abr-152	379	2	post	post	ADJ
abr-152	379	3	-	-	ADJ
abr-152	379	4	issue	issue	NOUN
abr-152	379	5	operating	operating	NOUN
abr-152	379	6	performance	performance	NOUN
abr-152	379	7	of	of	ADP
abr-152	379	8	ipo	ipo	NOUN
abr-152	379	9	firms	firm	NOUN
abr-152	379	10	.	.	PUNCT
abr-152	380	1	the	the	DET
abr-152	380	2	journal	journal	NOUN
abr-152	380	3	of	of	ADP
abr-152	380	4	finance	finance	NOUN
abr-152	380	5	49(5	49(5	NUM
abr-152	380	6	):	):	PUNCT
abr-152	380	7	1699	1699	NUM
abr-152	380	8	-	-	SYM
abr-152	380	9	1726	1726	NUM
abr-152	380	10	.	.	PUNCT
abr-152	381	1	lee	lee	PROPN
abr-152	381	2	,	,	PUNCT
abr-152	381	3	p.m.	p.m.	NOUN
abr-152	381	4	,	,	PUNCT
abr-152	381	5	and	and	CCONJ
abr-152	381	6	s.	s.	PROPN
abr-152	381	7	wahal	wahal	PROPN
abr-152	381	8	.	.	PUNCT
abr-152	382	1	2004	2004	NUM
abr-152	382	2	.	.	PUNCT
abr-152	383	1	grandstanding	grandstand	VERB
abr-152	383	2	,	,	PUNCT
abr-152	383	3	certification	certification	NOUN
abr-152	383	4	,	,	PUNCT
abr-152	383	5	and	and	CCONJ
abr-152	383	6	the	the	DET
abr-152	383	7	underpricing	underpricing	NOUN
abr-152	383	8	of	of	ADP
abr-152	383	9	venture	venture	NOUN
abr-152	383	10	capital	capital	NOUN
abr-152	383	11	backed	back	VERB
abr-152	383	12	ipos	ipos	PROPN
abr-152	383	13	,	,	PUNCT
abr-152	383	14	journal	journal	NOUN
abr-152	383	15	of	of	ADP
abr-152	383	16	financial	financial	ADJ
abr-152	383	17	economics	economic	NOUN
abr-152	383	18	73	73	NUM
abr-152	383	19	:	:	PUNCT
abr-152	383	20	375	375	NUM
abr-152	383	21	-	-	SYM
abr-152	383	22	407	407	NUM
abr-152	383	23	.	.	PUNCT
abr-152	384	1	loughran	loughran	NOUN
abr-152	384	2	,	,	PUNCT
abr-152	384	3	t.	t.	PROPN
abr-152	384	4	,	,	PUNCT
abr-152	384	5	and	and	CCONJ
abr-152	384	6	j.	j.	PROPN
abr-152	384	7	ritter	ritter	PROPN
abr-152	384	8	.	.	PUNCT
abr-152	385	1	1997	1997	NUM
abr-152	385	2	.	.	PUNCT
abr-152	386	1	the	the	DET
abr-152	386	2	operating	operate	VERB
abr-152	386	3	performance	performance	NOUN
abr-152	386	4	of	of	ADP
abr-152	386	5	firms	firm	NOUN
abr-152	386	6	conducting	conduct	VERB
abr-152	386	7	seasoned	seasoned	ADJ
abr-152	386	8	equity	equity	NOUN
abr-152	386	9	offerings	offering	NOUN
abr-152	386	10	.	.	PUNCT
abr-152	387	1	journal	journal	NOUN
abr-152	387	2	of	of	ADP
abr-152	387	3	finance	finance	NOUN
abr-152	387	4	52	52	NUM
abr-152	387	5	:	:	SYM
abr-152	387	6	1823	1823	NUM
abr-152	387	7	-	-	SYM
abr-152	387	8	1850	1850	NUM
abr-152	387	9	.	.	PUNCT
abr-152	388	1	loughran	loughran	NOUN
abr-152	388	2	,	,	PUNCT
abr-152	388	3	t.	t.	PROPN
abr-152	388	4	,	,	PUNCT
abr-152	388	5	and	and	CCONJ
abr-152	388	6	j.	j.	PROPN
abr-152	388	7	ritter	ritter	PROPN
abr-152	388	8	.	.	PUNCT
abr-152	389	1	2004	2004	NUM
abr-152	389	2	.	.	PUNCT
abr-152	390	1	has	have	AUX
abr-152	390	2	ipo	ipo	NOUN
abr-152	390	3	underpricing	underpricing	NOUN
abr-152	390	4	changed	change	VERB
abr-152	390	5	over	over	ADP
abr-152	390	6	time	time	NOUN
abr-152	390	7	?	?	PUNCT
abr-152	391	1	financial	financial	ADJ
abr-152	391	2	management	management	NOUN
abr-152	391	3	33	33	NUM
abr-152	391	4	:	:	SYM
abr-152	391	5	5	5	NUM
abr-152	391	6	-	-	SYM
abr-152	391	7	37	37	NUM
abr-152	391	8	.	.	PUNCT
abr-152	392	1	megginson	megginson	PROPN
abr-152	392	2	,	,	PUNCT
abr-152	392	3	william	william	PROPN
abr-152	392	4	l.	l.	PROPN
abr-152	392	5	and	and	CCONJ
abr-152	392	6	weiss	weiss	PROPN
abr-152	392	7	kathleen	kathleen	PROPN
abr-152	392	8	a.	a.	NOUN
abr-152	392	9	1991	1991	NUM
abr-152	392	10	.	.	PUNCT
abr-152	393	1	venture	venture	NOUN
abr-152	393	2	capitalist	capitalist	ADJ
abr-152	393	3	certification	certification	NOUN
abr-152	393	4	in	in	ADP
abr-152	393	5	initial	initial	ADJ
abr-152	393	6	public	public	ADJ
abr-152	393	7	offerings	offering	NOUN
abr-152	393	8	.	.	PUNCT
abr-152	394	1	journal	journal	NOUN
abr-152	394	2	of	of	ADP
abr-152	394	3	finance	finance	NOUN
abr-152	394	4	46	46	NUM
abr-152	394	5	:	:	PUNCT
abr-152	394	6	879	879	NUM
abr-152	394	7	-	-	SYM
abr-152	394	8	903	903	NUM
abr-152	394	9	menon	menon	PROPN
abr-152	394	10	,	,	PUNCT
abr-152	394	11	k.	k.	PROPN
abr-152	394	12	,	,	PUNCT
abr-152	394	13	&	&	CCONJ
abr-152	394	14	williams	williams	PROPN
abr-152	394	15	,	,	PUNCT
abr-152	394	16	d.	d.	PROPN
abr-152	394	17	d.	d.	PROPN
abr-152	394	18	1991	1991	NUM
abr-152	394	19	.	.	PUNCT
abr-152	395	1	auditor	auditor	NOUN
abr-152	395	2	credibility	credibility	NOUN
abr-152	395	3	and	and	CCONJ
abr-152	395	4	initial	initial	ADJ
abr-152	395	5	public	public	ADJ
abr-152	395	6	offerings	offering	NOUN
abr-152	395	7	.	.	PUNCT
abr-152	396	1	accounting	accounting	NOUN
abr-152	396	2	review	review	PROPN
abr-152	396	3	66(2	66(2	NUM
abr-152	396	4	):	):	PUNCT
abr-152	396	5	313	313	NUM
abr-152	396	6	-	-	SYM
abr-152	396	7	332	332	NUM
abr-152	396	8	.	.	PUNCT
abr-152	397	1	michaely	michaely	PROPN
abr-152	397	2	,	,	PUNCT
abr-152	397	3	r.	r.	PROPN
abr-152	397	4	,	,	PUNCT
abr-152	397	5	&	&	CCONJ
abr-152	397	6	shaw	shaw	PROPN
abr-152	397	7	,	,	PUNCT
abr-152	397	8	w.	w.	PROPN
abr-152	397	9	h.	h.	PROPN
abr-152	397	10	1995	1995	NUM
abr-152	397	11	.	.	PUNCT
abr-152	398	1	does	do	AUX
abr-152	398	2	the	the	DET
abr-152	398	3	choice	choice	NOUN
abr-152	398	4	of	of	ADP
abr-152	398	5	auditor	auditor	NOUN
abr-152	398	6	convey	convey	VERB
abr-152	398	7	quality	quality	NOUN
abr-152	398	8	in	in	ADP
abr-152	398	9	an	an	DET
abr-152	398	10	initial	initial	ADJ
abr-152	398	11	public	public	ADJ
abr-152	398	12	offering	offering	NOUN
abr-152	398	13	?	?	PUNCT
abr-152	399	1	financial	financial	ADJ
abr-152	399	2	management	management	NOUN
abr-152	399	3	,	,	PUNCT
abr-152	399	4	24	24	NUM
abr-152	399	5	:	:	SYM
abr-152	399	6	15	15	NUM
abr-152	399	7	-	-	SYM
abr-152	399	8	30	30	NUM
abr-152	399	9	.	.	PUNCT
abr-152	400	1	moody	moody	PROPN
abr-152	400	2	’s	’s	PART
abr-152	400	3	investors	investors	PROPN
abr-152	400	4	service	service	PROPN
abr-152	400	5	.	.	PUNCT
abr-152	401	1	2004	2004	NUM
abr-152	401	2	.	.	PUNCT
abr-152	402	1	special	special	ADJ
abr-152	402	2	comment	comment	NOUN
abr-152	402	3	:	:	PUNCT
abr-152	402	4	section	section	NOUN
abr-152	402	5	404	404	NUM
abr-152	402	6	reports	report	NOUN
abr-152	402	7	on	on	ADP
abr-152	402	8	internal	internal	ADJ
abr-152	402	9	control	control	NOUN
abr-152	402	10	.	.	PUNCT
abr-152	403	1	newyork	newyork	PROPN
abr-152	403	2	,	,	PUNCT
abr-152	403	3	ny	ny	PROPN
abr-152	403	4	:	:	PUNCT
abr-152	403	5	ipo	ipo	NOUN
abr-152	403	6	firms	firm	NOUN
abr-152	403	7	and	and	CCONJ
abr-152	403	8	sox	sox	PROPN
abr-152	403	9	404	404	NUM
abr-152	403	10	compliance	compliance	NOUN
abr-152	403	11	28	28	NUM
abr-152	403	12	moody	moody	PROPN
abr-152	403	13	’s	’s	PART
abr-152	403	14	investors	investors	PROPN
abr-152	403	15	service	service	PROPN
abr-152	403	16	.	.	PUNCT
abr-152	404	1	ogneva	ogneva	PROPN
abr-152	404	2	,	,	PUNCT
abr-152	404	3	m.	m.	NOUN
abr-152	404	4	,	,	PUNCT
abr-152	404	5	subramanyam	subramanyam	NOUN
abr-152	404	6	,	,	PUNCT
abr-152	404	7	k.	k.	PROPN
abr-152	404	8	r.	r.	PROPN
abr-152	404	9	,	,	PUNCT
abr-152	404	10	&	&	CCONJ
abr-152	404	11	raghunandan	raghunandan	PROPN
abr-152	404	12	,	,	PUNCT
abr-152	404	13	k.	k.	PROPN
abr-152	404	14	2007	2007	NUM
abr-152	404	15	.	.	PUNCT
abr-152	405	1	internal	internal	ADJ
abr-152	405	2	control	control	NOUN
abr-152	405	3	weakness	weakness	NOUN
abr-152	405	4	and	and	CCONJ
abr-152	405	5	cost	cost	NOUN
abr-152	405	6	of	of	ADP
abr-152	405	7	equity	equity	NOUN
abr-152	405	8	:	:	PUNCT
abr-152	405	9	evidence	evidence	NOUN
abr-152	405	10	from	from	ADP
abr-152	405	11	sox	sox	PROPN
abr-152	405	12	section	section	NOUN
abr-152	405	13	404	404	NUM
abr-152	405	14	disclosures	disclosure	NOUN
abr-152	405	15	.	.	PUNCT
abr-152	406	1	the	the	DET
abr-152	406	2	accounting	accounting	NOUN
abr-152	406	3	review	review	NOUN
abr-152	406	4	82(5	82(5	NOUN
abr-152	406	5	):	):	PUNCT
abr-152	406	6	1255	1255	NUM
abr-152	406	7	-	-	SYM
abr-152	406	8	1297	1297	NUM
abr-152	406	9	.	.	PUNCT
abr-152	407	1	ritter	ritter	PROPN
abr-152	407	2	,	,	PUNCT
abr-152	407	3	j.	j.	PROPN
abr-152	407	4	r.	r.	PROPN
abr-152	407	5	1991	1991	NUM
abr-152	407	6	.	.	PUNCT
abr-152	408	1	the	the	DET
abr-152	408	2	long	long	ADV
abr-152	408	3	-	-	PUNCT
abr-152	408	4	run	run	NOUN
abr-152	408	5	performance	performance	NOUN
abr-152	408	6	of	of	ADP
abr-152	408	7	initial	initial	ADJ
abr-152	408	8	public	public	ADJ
abr-152	408	9	offerings	offering	NOUN
abr-152	408	10	.	.	PUNCT
abr-152	409	1	the	the	DET
abr-152	409	2	journal	journal	NOUN
abr-152	409	3	of	of	ADP
abr-152	409	4	finance	finance	PROPN
abr-152	409	5	46(1	46(1	PROPN
abr-152	409	6	):	):	PUNCT
abr-152	409	7	3	3	NUM
abr-152	409	8	-	-	SYM
abr-152	409	9	27	27	NUM
abr-152	409	10	.	.	PUNCT
abr-152	410	1	rock	rock	PROPN
abr-152	410	2	,	,	PUNCT
abr-152	410	3	k.	k.	PROPN
abr-152	410	4	1986	1986	NUM
abr-152	410	5	.	.	PUNCT
abr-152	411	1	why	why	SCONJ
abr-152	411	2	new	new	ADJ
abr-152	411	3	issues	issue	NOUN
abr-152	411	4	are	be	AUX
abr-152	411	5	underpriced	underprice	VERB
abr-152	411	6	.	.	PUNCT
abr-152	412	1	journal	journal	PROPN
abr-152	412	2	of	of	ADP
abr-152	412	3	financial	financial	ADJ
abr-152	412	4	economics	economic	NOUN
abr-152	412	5	15(1	15(1	NUM
abr-152	412	6	):	):	PUNCT
abr-152	412	7	187	187	NUM
abr-152	412	8	-	-	SYM
abr-152	412	9	212	212	NUM
abr-152	412	10	.	.	PUNCT
abr-152	413	1	russell	russell	PROPN
abr-152	413	2	,	,	PUNCT
abr-152	413	3	janet	janet	PROPN
abr-152	413	4	.	.	PUNCT
abr-152	414	1	fei	fei	PROPN
abr-152	414	2	survey	survey	PROPN
abr-152	414	3	:	:	PUNCT
abr-152	414	4	management	management	NOUN
abr-152	414	5	drives	drive	VERB
abr-152	414	6	sarbanes	sarbanes	PROPN
abr-152	414	7	-	-	PUNCT
abr-152	414	8	oxley	oxley	ADJ
abr-152	414	9	compliance	compliance	NOUN
abr-152	414	10	costs	cost	VERB
abr-152	414	11	down	down	ADP
abr-152	414	12	by	by	ADP
abr-152	414	13	23	23	NUM
abr-152	414	14	%	%	NOUN
abr-152	414	15	,	,	PUNCT
abr-152	414	16	but	but	CCONJ
abr-152	414	17	auditor	auditor	NOUN
abr-152	414	18	fees	fee	NOUN
abr-152	414	19	virtually	virtually	ADV
abr-152	414	20	unchanged	unchanged	ADJ
abr-152	414	21	.	.	PUNCT
abr-152	415	1	financial	financial	ADJ
abr-152	415	2	executives	executive	NOUN
abr-152	415	3	international	international	ADJ
abr-152	415	4	.	.	PUNCT
abr-152	416	1	http://www.prnewswire.com/news-releases/fei-survey-management-drives-sarbanes-oxleycompliance-costs-down-by-23-but-auditor-fees-virtually-unchanged-58236512.html	http://www.prnewswire.com/news-releases/fei-survey-management-drives-sarbanes-oxleycompliance-costs-down-by-23-but-auditor-fees-virtually-unchanged-58236512.html	PROPN
abr-152	416	2	.	.	PUNCT
abr-152	417	1	last	last	ADJ
abr-152	417	2	modified	modify	VERB
abr-152	417	3	may	may	AUX
abr-152	417	4	16	16	NUM
abr-152	417	5	,	,	PUNCT
abr-152	417	6	2007	2007	NUM
abr-152	417	7	.	.	PUNCT
abr-152	418	1	titman	titman	PROPN
abr-152	418	2	,	,	PUNCT
abr-152	418	3	s.	s.	PROPN
abr-152	418	4	,	,	PUNCT
abr-152	418	5	&	&	CCONJ
abr-152	418	6	trueman	trueman	PROPN
abr-152	418	7	,	,	PUNCT
abr-152	418	8	b.	b.	PROPN
abr-152	418	9	1986	1986	NUM
abr-152	418	10	.	.	PUNCT
abr-152	419	1	information	information	NOUN
abr-152	419	2	quality	quality	NOUN
abr-152	419	3	and	and	CCONJ
abr-152	419	4	the	the	DET
abr-152	419	5	valuation	valuation	NOUN
abr-152	419	6	of	of	ADP
abr-152	419	7	new	new	ADJ
abr-152	419	8	issues	issue	NOUN
abr-152	419	9	.	.	PUNCT
abr-152	420	1	journal	journal	NOUN
abr-152	420	2	of	of	ADP
abr-152	420	3	accounting	accounting	NOUN
abr-152	420	4	and	and	CCONJ
abr-152	420	5	economics	economic	NOUN
abr-152	420	6	8(2	8(2	NUM
abr-152	420	7	):	):	PUNCT
abr-152	420	8	159	159	NUM
abr-152	420	9	-	-	SYM
abr-152	420	10	172	172	NUM
abr-152	420	11	.	.	PUNCT
abr-152	421	1	wang	wang	PROPN
abr-152	421	2	,	,	PUNCT
abr-152	421	3	k.	k.	PROPN
abr-152	421	4	,	,	PUNCT
abr-152	421	5	&	&	CCONJ
abr-152	421	6	iqbal	iqbal	PROPN
abr-152	421	7	,	,	PUNCT
abr-152	421	8	z.	z.	PROPN
abr-152	421	9	2006	2006	NUM
abr-152	421	10	.	.	PUNCT
abr-152	422	1	auditor	auditor	PROPN
abr-152	422	2	choice	choice	NOUN
abr-152	422	3	,	,	PUNCT
abr-152	422	4	retained	retain	VERB
abr-152	422	5	ownership	ownership	NOUN
abr-152	422	6	,	,	PUNCT
abr-152	422	7	and	and	CCONJ
abr-152	422	8	earnings	earning	NOUN
abr-152	422	9	disclosure	disclosure	NOUN
abr-152	422	10	for	for	ADP
abr-152	422	11	ipo	ipo	NOUN
abr-152	422	12	firms	firm	NOUN
abr-152	422	13	:	:	PUNCT
abr-152	422	14	further	further	ADJ
abr-152	422	15	evidence	evidence	NOUN
abr-152	422	16	.	.	PUNCT
abr-152	423	1	international	international	ADJ
abr-152	423	2	journal	journal	PROPN
abr-152	423	3	of	of	ADP
abr-152	423	4	managerial	managerial	ADJ
abr-152	423	5	finance	finance	NOUN
abr-152	423	6	2(3	2(3	NUM
abr-152	423	7	):	):	PUNCT
abr-152	423	8	220	220	NUM
abr-152	423	9	-	-	SYM
abr-152	423	10	240	240	NUM
abr-152	423	11	.	.	PUNCT
abr-152	423	12	welch	welch	PROPN
abr-152	423	13	,	,	PUNCT
abr-152	423	14	i.	i.	PROPN
abr-152	423	15	1996	1996	NUM
abr-152	423	16	.	.	PUNCT
abr-152	424	1	equity	equity	NOUN
abr-152	424	2	offerings	offering	NOUN
abr-152	424	3	following	follow	VERB
abr-152	424	4	the	the	DET
abr-152	424	5	ipo	ipo	PROPN
abr-152	424	6	theory	theory	NOUN
abr-152	424	7	and	and	CCONJ
abr-152	424	8	evidence	evidence	NOUN
abr-152	424	9	.	.	PUNCT
abr-152	425	1	journal	journal	NOUN
abr-152	425	2	of	of	ADP
abr-152	425	3	corporate	corporate	ADJ
abr-152	425	4	finance	finance	NOUN
abr-152	425	5	2(3	2(3	NUM
abr-152	425	6	):	):	PUNCT
abr-152	425	7	227259	227259	NUM
abr-152	425	8	.	.	PUNCT