id	sid	tid	token	lemma	pos
abr-64	1	1	advances	advance	NOUN
abr-64	1	2	in	in	ADP
abr-64	1	3	business	business	NOUN
abr-64	1	4	research	research	NOUN
abr-64	1	5	2011	2011	NUM
abr-64	1	6	volume	volume	NOUN
abr-64	1	7	2.pdf	2.pdf	NOUN
abr-64	1	8	stunda	stunda	ADV
abr-64	1	9	advances	advance	NOUN
abr-64	1	10	in	in	ADP
abr-64	1	11	business	business	NOUN
abr-64	1	12	research	research	NOUN
abr-64	1	13	2011	2011	NUM
abr-64	1	14	,	,	PUNCT
abr-64	1	15	vol	vol	NOUN
abr-64	1	16	.	.	PROPN
abr-64	2	1	2	2	NUM
abr-64	2	2	,	,	PUNCT
abr-64	2	3	no	no	INTJ
abr-64	2	4	.	.	NOUN
abr-64	2	5	1	1	NUM
abr-64	2	6	,	,	PUNCT
abr-64	2	7	203	203	NUM
abr-64	2	8	-	-	SYM
abr-64	2	9	209	209	NUM
abr-64	2	10	203	203	NUM
abr-64	2	11	further	further	ADJ
abr-64	2	12	evidence	evidence	NOUN
abr-64	2	13	of	of	ADP
abr-64	2	14	the	the	DET
abr-64	2	15	effect	effect	NOUN
abr-64	2	16	of	of	ADP
abr-64	2	17	stock	stock	NOUN
abr-64	2	18	splits	split	VERB
abr-64	2	19	on	on	ADP
abr-64	2	20	the	the	DET
abr-64	2	21	securities	security	NOUN
abr-64	2	22	market	market	NOUN
abr-64	2	23	,	,	PUNCT
abr-64	2	24	does	do	AUX
abr-64	2	25	a	a	DET
abr-64	2	26	“	"	PUNCT
abr-64	2	27	wal	wal	ADJ
abr-64	2	28	-	-	ADJ
abr-64	2	29	mart	mart	ADJ
abr-64	2	30	effect	effect	NOUN
abr-64	2	31	”	"	PUNCT
abr-64	2	32	exist	exist	VERB
abr-64	2	33	?	?	PUNCT
abr-64	3	1	ronald	ronald	PROPN
abr-64	3	2	stunda	stunda	PROPN
abr-64	3	3	,	,	PUNCT
abr-64	3	4	valdosta	valdosta	PROPN
abr-64	3	5	state	state	PROPN
abr-64	3	6	university	university	PROPN
abr-64	3	7	recent	recent	ADJ
abr-64	3	8	research	research	NOUN
abr-64	3	9	has	have	AUX
abr-64	3	10	investigated	investigate	VERB
abr-64	3	11	whether	whether	SCONJ
abr-64	3	12	or	or	CCONJ
abr-64	3	13	not	not	PART
abr-64	3	14	there	there	PRON
abr-64	3	15	is	be	VERB
abr-64	3	16	a	a	DET
abr-64	3	17	distinct	distinct	ADJ
abr-64	3	18	“	"	PUNCT
abr-64	3	19	wal	wal	ADJ
abr-64	3	20	-	-	ADJ
abr-64	3	21	mart	mart	ADJ
abr-64	3	22	effect	effect	NOUN
abr-64	3	23	”	"	PUNCT
abr-64	3	24	in	in	ADP
abr-64	3	25	the	the	DET
abr-64	3	26	securities	security	NOUN
abr-64	3	27	market	market	NOUN
abr-64	3	28	.	.	PUNCT
abr-64	4	1	that	that	PRON
abr-64	4	2	is	is	ADV
abr-64	4	3	,	,	PUNCT
abr-64	4	4	does	do	AUX
abr-64	4	5	wal	wal	PROPN
abr-64	4	6	-	-	PUNCT
abr-64	4	7	mart	mart	PROPN
abr-64	4	8	possess	possess	VERB
abr-64	4	9	an	an	DET
abr-64	4	10	advantage	advantage	NOUN
abr-64	4	11	over	over	ADP
abr-64	4	12	its	its	PRON
abr-64	4	13	competitors	competitor	NOUN
abr-64	4	14	in	in	ADP
abr-64	4	15	analyzing	analyze	VERB
abr-64	4	16	security	security	NOUN
abr-64	4	17	prices	price	NOUN
abr-64	4	18	?	?	PUNCT
abr-64	5	1	a	a	DET
abr-64	5	2	factor	factor	NOUN
abr-64	5	3	associated	associate	VERB
abr-64	5	4	with	with	ADP
abr-64	5	5	this	this	DET
abr-64	5	6	notion	notion	NOUN
abr-64	5	7	centers	center	NOUN
abr-64	5	8	around	around	ADP
abr-64	5	9	the	the	DET
abr-64	5	10	numerous	numerous	ADJ
abr-64	5	11	stock	stock	NOUN
abr-64	5	12	splits	split	NOUN
abr-64	5	13	by	by	ADP
abr-64	5	14	wal	wal	PROPN
abr-64	5	15	-	-	PROPN
abr-64	5	16	mart	mart	NOUN
abr-64	5	17	during	during	ADP
abr-64	5	18	its	its	PRON
abr-64	5	19	corporate	corporate	ADJ
abr-64	5	20	life	life	NOUN
abr-64	5	21	.	.	PUNCT
abr-64	6	1	this	this	DET
abr-64	6	2	study	study	NOUN
abr-64	6	3	compares	compare	VERB
abr-64	6	4	wal	wal	PROPN
abr-64	6	5	-	-	PROPN
abr-64	6	6	mart	mart	NOUN
abr-64	6	7	to	to	ADP
abr-64	6	8	all	all	DET
abr-64	6	9	other	other	ADJ
abr-64	6	10	firms	firm	NOUN
abr-64	6	11	in	in	ADP
abr-64	6	12	the	the	DET
abr-64	6	13	retail	retail	ADJ
abr-64	6	14	trade	trade	NOUN
abr-64	6	15	industry	industry	NOUN
abr-64	6	16	that	that	PRON
abr-64	6	17	have	have	AUX
abr-64	6	18	had	have	VERB
abr-64	6	19	multiple	multiple	ADJ
abr-64	6	20	stock	stock	NOUN
abr-64	6	21	splits	split	NOUN
abr-64	6	22	.	.	PUNCT
abr-64	7	1	results	result	NOUN
abr-64	7	2	of	of	ADP
abr-64	7	3	this	this	DET
abr-64	7	4	study	study	NOUN
abr-64	7	5	show	show	VERB
abr-64	7	6	that	that	SCONJ
abr-64	7	7	wal	wal	PROPN
abr-64	7	8	-	-	PUNCT
abr-64	7	9	mart	mart	PROPN
abr-64	7	10	still	still	ADV
abr-64	7	11	maintains	maintain	VERB
abr-64	7	12	an	an	DET
abr-64	7	13	advantage	advantage	NOUN
abr-64	7	14	over	over	ADP
abr-64	7	15	its	its	PRON
abr-64	7	16	competitors	competitor	NOUN
abr-64	7	17	with	with	ADP
abr-64	7	18	respect	respect	NOUN
abr-64	7	19	to	to	ADP
abr-64	7	20	information	information	NOUN
abr-64	7	21	content	content	NOUN
abr-64	7	22	of	of	ADP
abr-64	7	23	a	a	DET
abr-64	7	24	wealth	wealth	NOUN
abr-64	7	25	measure	measure	NOUN
abr-64	7	26	.	.	PUNCT
abr-64	8	1	when	when	SCONJ
abr-64	8	2	comparing	compare	VERB
abr-64	8	3	firms	firm	NOUN
abr-64	8	4	with	with	ADP
abr-64	8	5	multiple	multiple	ADJ
abr-64	8	6	stock	stock	NOUN
abr-64	8	7	splits	split	VERB
abr-64	8	8	to	to	ADP
abr-64	8	9	all	all	DET
abr-64	8	10	other	other	ADJ
abr-64	8	11	firms	firm	NOUN
abr-64	8	12	in	in	ADP
abr-64	8	13	the	the	DET
abr-64	8	14	same	same	ADJ
abr-64	8	15	industry	industry	NOUN
abr-64	8	16	,	,	PUNCT
abr-64	8	17	firms	firm	NOUN
abr-64	8	18	with	with	ADP
abr-64	8	19	multiple	multiple	ADJ
abr-64	8	20	stock	stock	NOUN
abr-64	8	21	splits	split	NOUN
abr-64	8	22	have	have	VERB
abr-64	8	23	a	a	DET
abr-64	8	24	similar	similar	ADJ
abr-64	8	25	advantage	advantage	NOUN
abr-64	8	26	.	.	PUNCT
abr-64	9	1	these	these	DET
abr-64	9	2	findings	finding	NOUN
abr-64	9	3	establish	establish	VERB
abr-64	9	4	a	a	DET
abr-64	9	5	basis	basis	NOUN
abr-64	9	6	for	for	ADP
abr-64	9	7	concluding	conclude	VERB
abr-64	9	8	that	that	PRON
abr-64	9	9	,	,	PUNCT
abr-64	9	10	on	on	ADP
abr-64	9	11	whole	whole	ADJ
abr-64	9	12	,	,	PUNCT
abr-64	9	13	firms	firm	NOUN
abr-64	9	14	that	that	PRON
abr-64	9	15	have	have	VERB
abr-64	9	16	multiple	multiple	ADJ
abr-64	9	17	stock	stock	NOUN
abr-64	9	18	splits	split	VERB
abr-64	9	19	over	over	ADP
abr-64	9	20	their	their	PRON
abr-64	9	21	corporate	corporate	ADJ
abr-64	9	22	life	life	NOUN
abr-64	9	23	are	be	AUX
abr-64	9	24	more	more	ADV
abr-64	9	25	likely	likely	ADJ
abr-64	9	26	to	to	PART
abr-64	9	27	possess	possess	VERB
abr-64	9	28	more	more	ADV
abr-64	9	29	significant	significant	ADJ
abr-64	9	30	information	information	NOUN
abr-64	9	31	content	content	NOUN
abr-64	9	32	of	of	ADP
abr-64	9	33	wealth	wealth	NOUN
abr-64	9	34	when	when	SCONJ
abr-64	9	35	linked	link	VERB
abr-64	9	36	to	to	ADP
abr-64	9	37	security	security	NOUN
abr-64	9	38	prices	price	NOUN
abr-64	9	39	than	than	ADP
abr-64	9	40	firms	firm	NOUN
abr-64	9	41	with	with	ADP
abr-64	9	42	fewer	few	ADJ
abr-64	9	43	or	or	CCONJ
abr-64	9	44	no	no	DET
abr-64	9	45	multiple	multiple	ADJ
abr-64	9	46	stock	stock	NOUN
abr-64	9	47	splits	split	VERB
abr-64	9	48	.	.	PUNCT
abr-64	10	1	as	as	ADV
abr-64	10	2	far	far	ADV
abr-64	10	3	back	back	ADV
abr-64	10	4	as	as	ADP
abr-64	10	5	the	the	DET
abr-64	10	6	original	original	ADJ
abr-64	10	7	ball	ball	NOUN
abr-64	10	8	and	and	CCONJ
abr-64	10	9	brown	brown	ADJ
abr-64	10	10	(	(	PUNCT
abr-64	10	11	1968	1968	NUM
abr-64	10	12	)	)	PUNCT
abr-64	10	13	study	study	NOUN
abr-64	10	14	,	,	PUNCT
abr-64	10	15	there	there	PRON
abr-64	10	16	have	have	AUX
abr-64	10	17	been	be	AUX
abr-64	10	18	a	a	DET
abr-64	10	19	multitude	multitude	NOUN
abr-64	10	20	of	of	ADP
abr-64	10	21	studies	study	NOUN
abr-64	10	22	that	that	PRON
abr-64	10	23	empirically	empirically	ADV
abr-64	10	24	link	link	VERB
abr-64	10	25	unexpected	unexpected	ADJ
abr-64	10	26	earnings	earning	NOUN
abr-64	10	27	with	with	ADP
abr-64	10	28	security	security	NOUN
abr-64	10	29	prices	price	NOUN
abr-64	10	30	.	.	PUNCT
abr-64	11	1	what	what	PRON
abr-64	11	2	makes	make	VERB
abr-64	11	3	it	it	PRON
abr-64	11	4	difficult	difficult	ADJ
abr-64	11	5	to	to	PART
abr-64	11	6	apply	apply	VERB
abr-64	11	7	this	this	DET
abr-64	11	8	standard	standard	NOUN
abr-64	11	9	to	to	ADP
abr-64	11	10	a	a	DET
abr-64	11	11	firm	firm	NOUN
abr-64	11	12	such	such	ADJ
abr-64	11	13	as	as	ADP
abr-64	11	14	wal	wal	PROPN
abr-64	11	15	-	-	ADJ
abr-64	11	16	mart	mart	PROPN
abr-64	11	17	is	be	AUX
abr-64	11	18	the	the	DET
abr-64	11	19	fact	fact	NOUN
abr-64	11	20	that	that	SCONJ
abr-64	11	21	since	since	SCONJ
abr-64	11	22	1972	1972	NUM
abr-64	11	23	,	,	PUNCT
abr-64	11	24	the	the	DET
abr-64	11	25	firm	firm	NOUN
abr-64	11	26	has	have	AUX
abr-64	11	27	had	have	AUX
abr-64	11	28	eleven	eleven	NUM
abr-64	11	29	100	100	NUM
abr-64	11	30	%	%	NOUN
abr-64	11	31	stock	stock	NOUN
abr-64	11	32	splits	split	NOUN
abr-64	11	33	,	,	PUNCT
abr-64	11	34	more	more	ADJ
abr-64	11	35	than	than	ADP
abr-64	11	36	any	any	DET
abr-64	11	37	u.s	u.s	PROPN
abr-64	11	38	.	.	PROPN
abr-64	11	39	firm	firm	NOUN
abr-64	11	40	in	in	ADP
abr-64	11	41	history	history	NOUN
abr-64	11	42	.	.	PUNCT
abr-64	12	1	although	although	SCONJ
abr-64	12	2	in	in	ADP
abr-64	12	3	the	the	DET
abr-64	12	4	past	past	ADJ
abr-64	12	5	10	10	NUM
abr-64	12	6	years	year	NOUN
abr-64	12	7	,	,	PUNCT
abr-64	12	8	wal	wal	PROPN
abr-64	12	9	-	-	PUNCT
abr-64	12	10	mart	mart	PROPN
abr-64	12	11	has	have	AUX
abr-64	12	12	noticed	notice	VERB
abr-64	12	13	maturity	maturity	NOUN
abr-64	12	14	of	of	ADP
abr-64	12	15	their	their	PRON
abr-64	12	16	market	market	NOUN
abr-64	12	17	and	and	CCONJ
abr-64	12	18	there	there	PRON
abr-64	12	19	have	have	AUX
abr-64	12	20	been	be	AUX
abr-64	12	21	no	no	DET
abr-64	12	22	stock	stock	NOUN
abr-64	12	23	splits	split	NOUN
abr-64	12	24	.	.	PUNCT
abr-64	13	1	most	most	ADJ
abr-64	13	2	experts	expert	NOUN
abr-64	13	3	attribute	attribute	VERB
abr-64	13	4	this	this	PRON
abr-64	13	5	to	to	ADP
abr-64	13	6	the	the	DET
abr-64	13	7	stock	stock	NOUN
abr-64	13	8	price	price	NOUN
abr-64	13	9	being	be	AUX
abr-64	13	10	mired	mire	VERB
abr-64	13	11	in	in	ADP
abr-64	13	12	the	the	DET
abr-64	13	13	$	$	SYM
abr-64	13	14	40-$50	40-$50	NUM
abr-64	13	15	range	range	NOUN
abr-64	13	16	.	.	PUNCT
abr-64	14	1	that	that	PRON
abr-64	14	2	being	be	AUX
abr-64	14	3	said	say	VERB
abr-64	14	4	,	,	PUNCT
abr-64	14	5	wal	wal	PROPN
abr-64	14	6	-	-	PUNCT
abr-64	14	7	mart	mart	PROPN
abr-64	14	8	stock	stock	NOUN
abr-64	14	9	has	have	AUX
abr-64	14	10	risen	rise	VERB
abr-64	14	11	to	to	ADP
abr-64	14	12	the	the	DET
abr-64	14	13	upper	upper	ADJ
abr-64	14	14	$	$	SYM
abr-64	14	15	50	50	NUM
abr-64	14	16	range	range	NOUN
abr-64	14	17	recently	recently	ADV
abr-64	14	18	and	and	CCONJ
abr-64	14	19	most	most	ADJ
abr-64	14	20	analysts	analyst	NOUN
abr-64	14	21	believe	believe	VERB
abr-64	14	22	that	that	SCONJ
abr-64	14	23	when	when	SCONJ
abr-64	14	24	the	the	DET
abr-64	14	25	stock	stock	NOUN
abr-64	14	26	hits	hit	VERB
abr-64	14	27	the	the	DET
abr-64	14	28	$	$	SYM
abr-64	14	29	60-$70	60-$70	NUM
abr-64	14	30	range	range	NOUN
abr-64	14	31	it	it	PRON
abr-64	14	32	will	will	AUX
abr-64	14	33	split	split	VERB
abr-64	14	34	once	once	ADV
abr-64	14	35	again	again	ADV
abr-64	14	36	.	.	PUNCT
abr-64	15	1	to	to	PART
abr-64	15	2	assess	assess	VERB
abr-64	15	3	unexpected	unexpected	ADJ
abr-64	15	4	earnings	earning	NOUN
abr-64	15	5	accurately	accurately	ADV
abr-64	15	6	to	to	ADP
abr-64	15	7	wal	wal	PROPN
abr-64	15	8	-	-	PUNCT
abr-64	15	9	mart	mart	ADJ
abr-64	15	10	stock	stock	NOUN
abr-64	15	11	prices	price	NOUN
abr-64	15	12	,	,	PUNCT
abr-64	15	13	one	one	PRON
abr-64	15	14	would	would	AUX
abr-64	15	15	have	have	VERB
abr-64	15	16	to	to	PART
abr-64	15	17	control	control	VERB
abr-64	15	18	for	for	ADP
abr-64	15	19	the	the	DET
abr-64	15	20	effect	effect	NOUN
abr-64	15	21	of	of	ADP
abr-64	15	22	earnings	earning	NOUN
abr-64	15	23	and	and	CCONJ
abr-64	15	24	associated	associate	VERB
abr-64	15	25	stock	stock	NOUN
abr-64	15	26	splits	split	VERB
abr-64	15	27	throughout	throughout	ADP
abr-64	15	28	its	its	PRON
abr-64	15	29	history	history	NOUN
abr-64	15	30	.	.	PUNCT
abr-64	16	1	for	for	ADP
abr-64	16	2	instance	instance	NOUN
abr-64	16	3	,	,	PUNCT
abr-64	16	4	wal	wal	PROPN
abr-64	16	5	-	-	PUNCT
abr-64	16	6	mart	mart	PROPN
abr-64	16	7	stock	stock	NOUN
abr-64	16	8	price	price	NOUN
abr-64	16	9	has	have	AUX
abr-64	16	10	ranged	range	VERB
abr-64	16	11	from	from	ADP
abr-64	16	12	less	less	ADJ
abr-64	16	13	than	than	ADP
abr-64	16	14	$	$	SYM
abr-64	16	15	30	30	NUM
abr-64	16	16	to	to	PART
abr-64	16	17	greater	great	ADJ
abr-64	16	18	than	than	ADP
abr-64	16	19	$	$	SYM
abr-64	16	20	80	80	NUM
abr-64	16	21	per	per	ADP
abr-64	16	22	share	share	NOUN
abr-64	16	23	,	,	PUNCT
abr-64	16	24	many	many	ADJ
abr-64	16	25	of	of	ADP
abr-64	16	26	the	the	DET
abr-64	16	27	swings	swing	NOUN
abr-64	16	28	,	,	PUNCT
abr-64	16	29	stock	stock	NOUN
abr-64	16	30	split	split	NOUN
abr-64	16	31	induced	induce	VERB
abr-64	16	32	.	.	PUNCT
abr-64	17	1	to	to	ADP
abr-64	17	2	date	date	NOUN
abr-64	17	3	,	,	PUNCT
abr-64	17	4	no	no	DET
abr-64	17	5	practical	practical	ADJ
abr-64	17	6	attempt	attempt	NOUN
abr-64	17	7	has	have	AUX
abr-64	17	8	been	be	AUX
abr-64	17	9	made	make	VERB
abr-64	17	10	to	to	PART
abr-64	17	11	control	control	VERB
abr-64	17	12	for	for	ADP
abr-64	17	13	this	this	DET
abr-64	17	14	factor	factor	NOUN
abr-64	17	15	.	.	PUNCT
abr-64	18	1	recent	recent	ADJ
abr-64	18	2	research	research	NOUN
abr-64	18	3	on	on	ADP
abr-64	18	4	equity	equity	NOUN
abr-64	18	5	valuation	valuation	NOUN
abr-64	18	6	has	have	AUX
abr-64	18	7	focused	focus	VERB
abr-64	18	8	on	on	ADP
abr-64	18	9	ratios	ratio	NOUN
abr-64	18	10	.	.	PUNCT
abr-64	19	1	nissim	nissim	PROPN
abr-64	19	2	and	and	CCONJ
abr-64	19	3	penman	penman	PROPN
abr-64	19	4	(	(	PUNCT
abr-64	19	5	2001	2001	NUM
abr-64	19	6	)	)	PUNCT
abr-64	19	7	find	find	VERB
abr-64	19	8	crosssectional	crosssectional	ADJ
abr-64	19	9	correlation	correlation	NOUN
abr-64	19	10	between	between	ADP
abr-64	19	11	financial	financial	ADJ
abr-64	19	12	ratios	ratio	NOUN
abr-64	19	13	and	and	CCONJ
abr-64	19	14	equity	equity	NOUN
abr-64	19	15	prices	price	NOUN
abr-64	19	16	.	.	PUNCT
abr-64	20	1	penman	penman	PROPN
abr-64	20	2	and	and	CCONJ
abr-64	20	3	zhang	zhang	PROPN
abr-64	20	4	(	(	PUNCT
abr-64	20	5	2005	2005	NUM
abr-64	20	6	)	)	PUNCT
abr-64	20	7	find	find	VERB
abr-64	20	8	that	that	SCONJ
abr-64	20	9	price	price	NOUN
abr-64	20	10	/	/	SYM
abr-64	20	11	earnings	earning	NOUN
abr-64	20	12	and	and	CCONJ
abr-64	20	13	book	book	NOUN
abr-64	20	14	value	value	NOUN
abr-64	20	15	ratios	ratio	NOUN
abr-64	20	16	provide	provide	VERB
abr-64	20	17	greater	great	ADJ
abr-64	20	18	persistence	persistence	NOUN
abr-64	20	19	than	than	ADP
abr-64	20	20	earnings	earning	NOUN
abr-64	20	21	when	when	SCONJ
abr-64	20	22	correlating	correlate	VERB
abr-64	20	23	to	to	ADP
abr-64	20	24	equity	equity	NOUN
abr-64	20	25	prices	price	NOUN
abr-64	20	26	,	,	PUNCT
abr-64	20	27	while	while	SCONJ
abr-64	20	28	nissim	nissim	PROPN
abr-64	20	29	and	and	CCONJ
abr-64	20	30	penman	penman	PROPN
abr-64	20	31	(	(	PUNCT
abr-64	20	32	2005	2005	NUM
abr-64	20	33	)	)	PUNCT
abr-64	20	34	indicate	indicate	VERB
abr-64	20	35	that	that	SCONJ
abr-64	20	36	financial	financial	ADJ
abr-64	20	37	ratios	ratio	NOUN
abr-64	20	38	may	may	AUX
abr-64	20	39	be	be	AUX
abr-64	20	40	viewed	view	VERB
abr-64	20	41	as	as	ADP
abr-64	20	42	a	a	DET
abr-64	20	43	building	building	NOUN
abr-64	20	44	block	block	NOUN
abr-64	20	45	to	to	PART
abr-64	20	46	analyze	analyze	VERB
abr-64	20	47	future	future	ADJ
abr-64	20	48	equity	equity	NOUN
abr-64	20	49	payoffs	payoff	NOUN
abr-64	20	50	.	.	PUNCT
abr-64	21	1	stunda	stunda	ADV
abr-64	21	2	(	(	PUNCT
abr-64	21	3	2008	2008	NUM
abr-64	21	4	)	)	PUNCT
abr-64	21	5	proxies	proxy	NOUN
abr-64	21	6	“	"	PUNCT
abr-64	21	7	wealth	wealth	NOUN
abr-64	21	8	”	"	PUNCT
abr-64	21	9	for	for	ADP
abr-64	21	10	unexpected	unexpected	ADJ
abr-64	21	11	earnings	earning	NOUN
abr-64	21	12	and	and	CCONJ
abr-64	21	13	then	then	ADV
abr-64	21	14	links	link	VERB
abr-64	21	15	that	that	PRON
abr-64	21	16	measure	measure	VERB
abr-64	21	17	to	to	ADP
abr-64	21	18	security	security	NOUN
abr-64	21	19	prices	price	NOUN
abr-64	21	20	in	in	ADP
abr-64	21	21	an	an	DET
abr-64	21	22	attempt	attempt	NOUN
abr-64	21	23	to	to	PART
abr-64	21	24	ascertain	ascertain	VERB
abr-64	21	25	if	if	SCONJ
abr-64	21	26	there	there	PRON
abr-64	21	27	is	be	VERB
abr-64	21	28	any	any	DET
abr-64	21	29	correlation	correlation	NOUN
abr-64	21	30	between	between	ADP
abr-64	21	31	a	a	DET
abr-64	21	32	wealth	wealth	NOUN
abr-64	21	33	measure	measure	NOUN
abr-64	21	34	and	and	CCONJ
abr-64	21	35	security	security	NOUN
abr-64	21	36	prices	price	NOUN
abr-64	21	37	,	,	PUNCT
abr-64	21	38	and	and	CCONJ
abr-64	21	39	if	if	SCONJ
abr-64	21	40	wal	wal	PROPN
abr-64	21	41	-	-	PROPN
abr-64	21	42	mart	mart	PROPN
abr-64	21	43	has	have	VERB
abr-64	21	44	any	any	DET
abr-64	21	45	advantage	advantage	NOUN
abr-64	21	46	when	when	SCONJ
abr-64	21	47	this	this	DET
abr-64	21	48	measure	measure	NOUN
abr-64	21	49	is	be	AUX
abr-64	21	50	assessed	assess	VERB
abr-64	21	51	.	.	PUNCT
abr-64	22	1	while	while	SCONJ
abr-64	22	2	unexpected	unexpected	ADJ
abr-64	22	3	earnings	earning	NOUN
abr-64	22	4	are	be	AUX
abr-64	22	5	time	time	NOUN
abr-64	22	6	specific	specific	ADJ
abr-64	22	7	(	(	PUNCT
abr-64	22	8	i.e.	i.e.	X
abr-64	22	9	,	,	PUNCT
abr-64	22	10	quarterly	quarterly	ADJ
abr-64	22	11	or	or	CCONJ
abr-64	22	12	annual	annual	ADJ
abr-64	22	13	)	)	PUNCT
abr-64	22	14	,	,	PUNCT
abr-64	22	15	they	they	PRON
abr-64	22	16	are	be	AUX
abr-64	22	17	less	less	ADV
abr-64	22	18	adaptable	adaptable	ADJ
abr-64	22	19	to	to	ADP
abr-64	22	20	such	such	ADJ
abr-64	22	21	things	thing	NOUN
abr-64	22	22	as	as	ADP
abr-64	22	23	stock	stock	NOUN
abr-64	22	24	splits	split	VERB
abr-64	22	25	.	.	PUNCT
abr-64	23	1	ratios	ratio	NOUN
abr-64	23	2	are	be	AUX
abr-64	23	3	more	more	ADV
abr-64	23	4	elastic	elastic	ADJ
abr-64	23	5	and	and	CCONJ
abr-64	23	6	are	be	AUX
abr-64	23	7	better	well	ADV
abr-64	23	8	adapted	adapt	VERB
abr-64	23	9	to	to	ADP
abr-64	23	10	measuring	measure	VERB
abr-64	23	11	such	such	ADJ
abr-64	23	12	swings	swing	NOUN
abr-64	23	13	.	.	PUNCT
abr-64	24	1	therefore	therefore	ADV
abr-64	24	2	,	,	PUNCT
abr-64	24	3	the	the	DET
abr-64	24	4	wealth	wealth	NOUN
abr-64	24	5	measure	measure	NOUN
abr-64	24	6	used	use	VERB
abr-64	24	7	was	be	AUX
abr-64	24	8	book	book	NOUN
abr-64	24	9	value	value	NOUN
abr-64	24	10	per	per	ADP
abr-64	24	11	share	share	NOUN
abr-64	24	12	(	(	PUNCT
abr-64	24	13	defined	define	VERB
abr-64	24	14	as	as	ADP
abr-64	24	15	total	total	ADJ
abr-64	24	16	common	common	ADJ
abr-64	24	17	equity	equity	NOUN
abr-64	24	18	divided	divide	VERB
abr-64	24	19	by	by	ADP
abr-64	24	20	number	number	NOUN
abr-64	24	21	of	of	ADP
abr-64	24	22	common	common	ADJ
abr-64	24	23	shares	share	NOUN
abr-64	24	24	outstanding	outstanding	ADJ
abr-64	24	25	)	)	PUNCT
abr-64	24	26	.	.	PUNCT
abr-64	25	1	results	result	NOUN
abr-64	25	2	of	of	ADP
abr-64	25	3	this	this	DET
abr-64	25	4	study	study	NOUN
abr-64	25	5	found	find	VERB
abr-64	25	6	that	that	SCONJ
abr-64	25	7	wal	wal	PROPN
abr-64	25	8	-	-	PUNCT
abr-64	25	9	mart	mart	NOUN
abr-64	25	10	possessed	possess	VERB
abr-64	25	11	a	a	DET
abr-64	25	12	distinct	distinct	ADJ
abr-64	25	13	advantage	advantage	NOUN
abr-64	25	14	over	over	ADP
abr-64	25	15	its	its	PRON
abr-64	25	16	competitors	competitor	NOUN
abr-64	25	17	when	when	SCONJ
abr-64	25	18	it	it	PRON
abr-64	25	19	comes	come	VERB
abr-64	25	20	to	to	ADP
abr-64	25	21	the	the	DET
abr-64	25	22	information	information	NOUN
abr-64	25	23	content	content	NOUN
abr-64	25	24	of	of	ADP
abr-64	25	25	wealth	wealth	NOUN
abr-64	25	26	generation	generation	NOUN
abr-64	25	27	and	and	CCONJ
abr-64	25	28	its	its	PRON
abr-64	25	29	linkage	linkage	NOUN
abr-64	25	30	to	to	ADP
abr-64	25	31	security	security	NOUN
abr-64	25	32	prices	price	NOUN
abr-64	25	33	.	.	PUNCT
abr-64	26	1	the	the	DET
abr-64	26	2	questions	question	NOUN
abr-64	26	3	that	that	PRON
abr-64	26	4	remained	remain	VERB
abr-64	26	5	unanswered	unanswered	ADJ
abr-64	26	6	by	by	ADP
abr-64	26	7	the	the	DET
abr-64	26	8	stunda	stunda	PROPN
abr-64	26	9	study	study	NOUN
abr-64	26	10	were	be	AUX
abr-64	26	11	;	;	PUNCT
abr-64	26	12	do	do	AUX
abr-64	26	13	firms	firm	NOUN
abr-64	26	14	that	that	PRON
abr-64	26	15	have	have	VERB
abr-64	26	16	multiple	multiple	ADJ
abr-64	26	17	stock	stock	NOUN
abr-64	26	18	splits	split	VERB
abr-64	26	19	over	over	ADP
abr-64	26	20	their	their	PRON
abr-64	26	21	life	life	NOUN
abr-64	26	22	possess	possess	VERB
abr-64	26	23	any	any	DET
abr-64	26	24	advantage	advantage	NOUN
abr-64	26	25	over	over	ADP
abr-64	26	26	firms	firm	NOUN
abr-64	26	27	that	that	PRON
abr-64	26	28	do	do	VERB
abr-64	26	29	not	not	PART
abr-64	26	30	,	,	PUNCT
abr-64	26	31	and	and	CCONJ
abr-64	26	32	do	do	VERB
abr-64	26	33	firms	firm	NOUN
abr-64	26	34	that	that	PRON
abr-64	26	35	have	have	VERB
abr-64	26	36	multiple	multiple	ADJ
abr-64	26	37	stock	stock	NOUN
abr-64	26	38	splits	split	NOUN
abr-64	26	39	possess	possess	VERB
abr-64	26	40	any	any	DET
abr-64	26	41	significant	significant	ADJ
abr-64	26	42	advantage	advantage	NOUN
abr-64	26	43	/	/	SYM
abr-64	26	44	disadvantage	disadvantage	NOUN
abr-64	26	45	when	when	SCONJ
abr-64	26	46	compared	compare	VERB
abr-64	26	47	with	with	ADP
abr-64	26	48	wal	wal	PROPN
abr-64	26	49	-	-	PUNCT
abr-64	26	50	mart	mart	NOUN
abr-64	26	51	?	?	PUNCT
abr-64	27	1	any	any	DET
abr-64	27	2	advantage	advantage	NOUN
abr-64	27	3	would	would	AUX
abr-64	27	4	be	be	AUX
abr-64	27	5	assessed	assess	VERB
abr-64	27	6	by	by	ADP
abr-64	27	7	significant	significant	ADJ
abr-64	27	8	information	information	NOUN
abr-64	27	9	content	content	NOUN
abr-64	27	10	effects	effect	NOUN
abr-64	27	11	on	on	ADP
abr-64	27	12	the	the	DET
abr-64	27	13	security	security	NOUN
abr-64	27	14	prices	price	NOUN
abr-64	27	15	of	of	ADP
abr-64	27	16	the	the	DET
abr-64	27	17	firms	firm	NOUN
abr-64	27	18	.	.	PUNCT
abr-64	28	1	research	research	NOUN
abr-64	28	2	design	design	NOUN
abr-64	28	3	this	this	DET
abr-64	28	4	study	study	NOUN
abr-64	28	5	focuses	focus	VERB
abr-64	28	6	on	on	ADP
abr-64	28	7	an	an	DET
abr-64	28	8	analysis	analysis	NOUN
abr-64	28	9	of	of	ADP
abr-64	28	10	wal	wal	PROPN
abr-64	28	11	-	-	PROPN
abr-64	28	12	mart	mart	PROPN
abr-64	28	13	and	and	CCONJ
abr-64	28	14	other	other	ADJ
abr-64	28	15	firms	firm	NOUN
abr-64	28	16	in	in	ADP
abr-64	28	17	the	the	DET
abr-64	28	18	retail	retail	ADJ
abr-64	28	19	trade	trade	NOUN
abr-64	28	20	industry	industry	NOUN
abr-64	28	21	,	,	PUNCT
abr-64	28	22	specifically	specifically	ADV
abr-64	28	23	;	;	PUNCT
abr-64	28	24	those	those	PRON
abr-64	28	25	that	that	PRON
abr-64	28	26	fall	fall	VERB
abr-64	28	27	into	into	ADP
abr-64	28	28	sic	sic	ADJ
abr-64	28	29	code	code	NOUN
abr-64	28	30	5311	5311	NUM
abr-64	28	31	.	.	PUNCT
abr-64	29	1	a	a	DET
abr-64	29	2	study	study	NOUN
abr-64	29	3	period	period	NOUN
abr-64	29	4	of	of	ADP
abr-64	29	5	1973	1973	NUM
abr-64	29	6	-	-	SYM
abr-64	29	7	2010	2010	NUM
abr-64	29	8	is	be	AUX
abr-64	29	9	utilized	utilize	VERB
abr-64	29	10	.	.	PUNCT
abr-64	30	1	many	many	ADJ
abr-64	30	2	previous	previous	ADJ
abr-64	30	3	studies	study	NOUN
abr-64	30	4	have	have	AUX
abr-64	30	5	used	use	VERB
abr-64	30	6	longer	long	ADJ
abr-64	30	7	event	event	NOUN
abr-64	30	8	studies	study	NOUN
abr-64	30	9	.	.	PUNCT
abr-64	31	1	desai	desai	PROPN
abr-64	31	2	and	and	CCONJ
abr-64	31	3	jain	jain	PROPN
abr-64	31	4	(	(	PUNCT
abr-64	31	5	1997	1997	NUM
abr-64	31	6	)	)	PUNCT
abr-64	31	7	use	use	VERB
abr-64	31	8	a	a	DET
abr-64	31	9	17	17	NUM
abr-64	31	10	year	year	NOUN
abr-64	31	11	event	event	NOUN
abr-64	31	12	study	study	NOUN
abr-64	31	13	of	of	ADP
abr-64	31	14	stock	stock	NOUN
abr-64	31	15	splits	split	VERB
abr-64	31	16	and	and	CCONJ
abr-64	31	17	their	their	PRON
abr-64	31	18	stunda	stunda	ADJ
abr-64	31	19	advances	advance	NOUN
abr-64	31	20	in	in	ADP
abr-64	31	21	business	business	NOUN
abr-64	31	22	research	research	NOUN
abr-64	31	23	2011	2011	NUM
abr-64	31	24	,	,	PUNCT
abr-64	31	25	vol	vol	NOUN
abr-64	31	26	.	.	PROPN
abr-64	32	1	2	2	NUM
abr-64	32	2	,	,	PUNCT
abr-64	32	3	no	no	INTJ
abr-64	32	4	.	.	NOUN
abr-64	32	5	1	1	NUM
abr-64	32	6	,	,	PUNCT
abr-64	32	7	203	203	NUM
abr-64	32	8	-	-	SYM
abr-64	32	9	209	209	NUM
abr-64	32	10	204	204	NUM
abr-64	32	11	findings	finding	NOUN
abr-64	32	12	are	be	AUX
abr-64	32	13	as	as	ADV
abr-64	32	14	robust	robust	ADJ
abr-64	32	15	as	as	ADP
abr-64	32	16	shorter	short	ADJ
abr-64	32	17	time	time	NOUN
abr-64	32	18	frames	frame	NOUN
abr-64	32	19	.	.	PUNCT
abr-64	33	1	lakonishok	lakonishok	PROPN
abr-64	33	2	and	and	CCONJ
abr-64	33	3	vermaelen	vermaelen	PROPN
abr-64	33	4	(	(	PUNCT
abr-64	33	5	1990	1990	NUM
abr-64	33	6	)	)	PUNCT
abr-64	33	7	examine	examine	VERB
abr-64	33	8	security	security	NOUN
abr-64	33	9	prices	price	NOUN
abr-64	33	10	over	over	ADP
abr-64	33	11	a	a	DET
abr-64	33	12	24	24	NUM
abr-64	33	13	year	year	NOUN
abr-64	33	14	period	period	NOUN
abr-64	33	15	and	and	CCONJ
abr-64	33	16	find	find	VERB
abr-64	33	17	results	result	NOUN
abr-64	33	18	comparable	comparable	ADJ
abr-64	33	19	with	with	ADP
abr-64	33	20	shorter	short	ADJ
abr-64	33	21	3	3	NUM
abr-64	33	22	-	-	SYM
abr-64	33	23	5	5	NUM
abr-64	33	24	year	year	NOUN
abr-64	33	25	studies	study	NOUN
abr-64	33	26	.	.	PUNCT
abr-64	34	1	fama	fama	PROPN
abr-64	34	2	(	(	PUNCT
abr-64	34	3	1998	1998	NUM
abr-64	34	4	)	)	PUNCT
abr-64	34	5	conducts	conduct	VERB
abr-64	34	6	an	an	DET
abr-64	34	7	evaluation	evaluation	NOUN
abr-64	34	8	of	of	ADP
abr-64	34	9	longer	long	ADJ
abr-64	34	10	term	term	NOUN
abr-64	34	11	event	event	NOUN
abr-64	34	12	studies	study	NOUN
abr-64	34	13	and	and	CCONJ
abr-64	34	14	does	do	AUX
abr-64	34	15	not	not	PART
abr-64	34	16	find	find	VERB
abr-64	34	17	anomalies	anomaly	NOUN
abr-64	34	18	between	between	ADP
abr-64	34	19	those	those	PRON
abr-64	34	20	of	of	ADP
abr-64	34	21	longer	long	ADJ
abr-64	34	22	versus	versus	ADP
abr-64	34	23	shorter	short	ADJ
abr-64	34	24	duration	duration	NOUN
abr-64	34	25	.	.	PUNCT
abr-64	35	1	using	use	VERB
abr-64	35	2	the	the	DET
abr-64	35	3	study	study	NOUN
abr-64	35	4	period	period	NOUN
abr-64	35	5	1973	1973	NUM
abr-64	35	6	-	-	SYM
abr-64	35	7	2010	2010	NUM
abr-64	35	8	,	,	PUNCT
abr-64	35	9	these	these	DET
abr-64	35	10	firms	firm	NOUN
abr-64	35	11	were	be	AUX
abr-64	35	12	broken	break	VERB
abr-64	35	13	down	down	ADP
abr-64	35	14	as	as	SCONJ
abr-64	35	15	follows	follow	VERB
abr-64	35	16	:	:	PUNCT
abr-64	35	17	total	total	ADJ
abr-64	35	18	firms	firm	NOUN
abr-64	35	19	with	with	ADP
abr-64	35	20	less	less	ADJ
abr-64	35	21	than	than	ADP
abr-64	35	22	two	two	NUM
abr-64	35	23	stock	stock	NOUN
abr-64	35	24	splits	split	VERB
abr-64	35	25	(	(	PUNCT
abr-64	35	26	and	and	CCONJ
abr-64	35	27	excluding	exclude	VERB
abr-64	35	28	wal	wal	PROPN
abr-64	35	29	-	-	PUNCT
abr-64	35	30	mart	mart	NOUN
abr-64	35	31	)	)	PUNCT
abr-64	35	32	,	,	PUNCT
abr-64	35	33	total	total	ADJ
abr-64	35	34	firms	firm	NOUN
abr-64	35	35	with	with	ADP
abr-64	35	36	two	two	NUM
abr-64	35	37	or	or	CCONJ
abr-64	35	38	more	more	ADJ
abr-64	35	39	stock	stock	NOUN
abr-64	35	40	splits	split	NOUN
abr-64	35	41	,	,	PUNCT
abr-64	35	42	and	and	CCONJ
abr-64	35	43	wal	wal	PROPN
abr-64	35	44	-	-	PUNCT
abr-64	35	45	mart	mart	PROPN
abr-64	35	46	.	.	PUNCT
abr-64	36	1	table	table	NOUN
abr-64	36	2	1	1	NUM
abr-64	36	3	provides	provide	VERB
abr-64	36	4	a	a	DET
abr-64	36	5	summary	summary	NOUN
abr-64	36	6	of	of	ADP
abr-64	36	7	firms	firm	NOUN
abr-64	36	8	and	and	CCONJ
abr-64	36	9	firm	firm	ADJ
abr-64	36	10	quarters	quarter	NOUN
abr-64	36	11	to	to	PART
abr-64	36	12	be	be	AUX
abr-64	36	13	used	use	VERB
abr-64	36	14	in	in	ADP
abr-64	36	15	this	this	DET
abr-64	36	16	study	study	NOUN
abr-64	36	17	.	.	PUNCT
abr-64	37	1	table	table	NOUN
abr-64	37	2	1	1	NUM
abr-64	37	3	:	:	PUNCT
abr-64	37	4	study	study	NOUN
abr-64	37	5	sample	sample	NOUN
abr-64	37	6	summary	summary	NOUN
abr-64	37	7	study	study	NOUN
abr-64	37	8	period	period	NOUN
abr-64	37	9	total	total	NOUN
abr-64	37	10	firms	firm	NOUN
abr-64	37	11	firms	firm	NOUN
abr-64	37	12	total	total	VERB
abr-64	37	13	qtrs	qtrs	PROPN
abr-64	37	14	.	.	PUNCT
abr-64	38	1	total	total	ADJ
abr-64	38	2	firm	firm	PROPN
abr-64	38	3	split	split	VERB
abr-64	38	4	total	total	ADJ
abr-64	38	5	>	>	SYM
abr-64	38	6	1	1	NUM
abr-64	38	7	stock	stock	PROPN
abr-64	38	8	qtrs	qtrs	PROPN
abr-64	38	9	.	.	PUNCT
abr-64	39	1	wal	wal	PROPN
abr-64	39	2	-	-	PROPN
abr-64	39	3	mart	mart	PROPN
abr-64	39	4	total	total	ADJ
abr-64	39	5	wal	wal	PROPN
abr-64	39	6	-	-	PROPN
abr-64	39	7	mart	mart	PROPN
abr-64	39	8	qtrs	qtrs	PROPN
abr-64	39	9	.	.	PROPN
abr-64	39	10	1973	1973	NUM
abr-64	39	11	-	-	SYM
abr-64	39	12	2010	2010	NUM
abr-64	39	13	125	125	NUM
abr-64	39	14	18,500	18,500	NUM
abr-64	39	15	1	1	NUM
abr-64	39	16	2	2	NUM
abr-64	39	17	59	59	NUM
abr-64	39	18	8,732	8,732	NUM
abr-64	39	19	1	1	NUM
abr-64	39	20	1	1	NUM
abr-64	39	21	148	148	NUM
abr-64	39	22	1excludes	1excludes	NUM
abr-64	39	23	wal	wal	PROPN
abr-64	39	24	-	-	ADJ
abr-64	39	25	mart	mart	ADJ
abr-64	39	26	2excludes	2excludes	NUM
abr-64	39	27	firms	firm	NOUN
abr-64	39	28	with	with	ADP
abr-64	39	29	>	>	SYM
abr-64	39	30	1	1	NUM
abr-64	39	31	stock	stock	NOUN
abr-64	39	32	split	split	NOUN
abr-64	39	33	hypothesis	hypothesis	NOUN
abr-64	39	34	development	development	NOUN
abr-64	39	35	wal	wal	PROPN
abr-64	39	36	-	-	PROPN
abr-64	39	37	mart	mart	NOUN
abr-64	39	38	in	in	ADP
abr-64	39	39	comparison	comparison	NOUN
abr-64	39	40	to	to	ADP
abr-64	39	41	the	the	DET
abr-64	39	42	rest	rest	NOUN
abr-64	39	43	of	of	ADP
abr-64	39	44	the	the	DET
abr-64	39	45	industry	industry	NOUN
abr-64	39	46	the	the	DET
abr-64	39	47	information	information	NOUN
abr-64	39	48	content	content	NOUN
abr-64	39	49	of	of	ADP
abr-64	39	50	book	book	NOUN
abr-64	39	51	value	value	NOUN
abr-64	39	52	per	per	ADP
abr-64	39	53	share	share	NOUN
abr-64	39	54	,	,	PUNCT
abr-64	39	55	the	the	DET
abr-64	39	56	proxy	proxy	NOUN
abr-64	39	57	for	for	ADP
abr-64	39	58	wealth	wealth	NOUN
abr-64	39	59	,	,	PUNCT
abr-64	39	60	is	be	AUX
abr-64	39	61	assessed	assess	VERB
abr-64	39	62	for	for	ADP
abr-64	39	63	significance	significance	NOUN
abr-64	39	64	to	to	ADP
abr-64	39	65	security	security	NOUN
abr-64	39	66	prices	price	NOUN
abr-64	39	67	for	for	ADP
abr-64	39	68	wal	wal	PROPN
abr-64	39	69	-	-	PUNCT
abr-64	39	70	mart	mart	NOUN
abr-64	39	71	.	.	PUNCT
abr-64	40	1	similarly	similarly	ADV
abr-64	40	2	,	,	PUNCT
abr-64	40	3	information	information	NOUN
abr-64	40	4	content	content	NOUN
abr-64	40	5	of	of	ADP
abr-64	40	6	the	the	DET
abr-64	40	7	same	same	ADJ
abr-64	40	8	wealth	wealth	NOUN
abr-64	40	9	measure	measure	NOUN
abr-64	40	10	is	be	AUX
abr-64	40	11	assessed	assess	VERB
abr-64	40	12	for	for	ADP
abr-64	40	13	significance	significance	NOUN
abr-64	40	14	to	to	ADP
abr-64	40	15	security	security	NOUN
abr-64	40	16	prices	price	NOUN
abr-64	40	17	for	for	ADP
abr-64	40	18	the	the	DET
abr-64	40	19	rest	rest	NOUN
abr-64	40	20	of	of	ADP
abr-64	40	21	the	the	DET
abr-64	40	22	firms	firm	NOUN
abr-64	40	23	in	in	ADP
abr-64	40	24	the	the	DET
abr-64	40	25	retail	retail	ADJ
abr-64	40	26	trade	trade	NOUN
abr-64	40	27	industry	industry	NOUN
abr-64	40	28	.	.	PUNCT
abr-64	41	1	if	if	SCONJ
abr-64	41	2	the	the	DET
abr-64	41	3	wealth	wealth	NOUN
abr-64	41	4	measure	measure	NOUN
abr-64	41	5	is	be	AUX
abr-64	41	6	not	not	PART
abr-64	41	7	perceived	perceive	VERB
abr-64	41	8	to	to	PART
abr-64	41	9	have	have	VERB
abr-64	41	10	greater	great	ADJ
abr-64	41	11	influence	influence	NOUN
abr-64	41	12	on	on	ADP
abr-64	41	13	wal	wal	PROPN
abr-64	41	14	-	-	ADJ
abr-64	41	15	mart	mart	ADJ
abr-64	41	16	stock	stock	NOUN
abr-64	41	17	prices	price	NOUN
abr-64	41	18	than	than	SCONJ
abr-64	41	19	the	the	DET
abr-64	41	20	same	same	ADJ
abr-64	41	21	wealth	wealth	NOUN
abr-64	41	22	measure	measure	NOUN
abr-64	41	23	would	would	AUX
abr-64	41	24	have	have	VERB
abr-64	41	25	on	on	ADP
abr-64	41	26	stock	stock	NOUN
abr-64	41	27	prices	price	NOUN
abr-64	41	28	for	for	ADP
abr-64	41	29	the	the	DET
abr-64	41	30	rest	rest	NOUN
abr-64	41	31	of	of	ADP
abr-64	41	32	the	the	DET
abr-64	41	33	firms	firm	NOUN
abr-64	41	34	in	in	ADP
abr-64	41	35	the	the	DET
abr-64	41	36	industry	industry	NOUN
abr-64	41	37	,	,	PUNCT
abr-64	41	38	then	then	ADV
abr-64	41	39	there	there	PRON
abr-64	41	40	should	should	AUX
abr-64	41	41	be	be	AUX
abr-64	41	42	no	no	DET
abr-64	41	43	significant	significant	ADJ
abr-64	41	44	difference	difference	NOUN
abr-64	41	45	between	between	ADP
abr-64	41	46	the	the	DET
abr-64	41	47	two	two	NUM
abr-64	41	48	groups	group	NOUN
abr-64	41	49	.	.	PUNCT
abr-64	42	1	if	if	SCONJ
abr-64	42	2	,	,	PUNCT
abr-64	42	3	on	on	ADP
abr-64	42	4	the	the	DET
abr-64	42	5	other	other	ADJ
abr-64	42	6	hand	hand	NOUN
abr-64	42	7	,	,	PUNCT
abr-64	42	8	there	there	PRON
abr-64	42	9	is	be	VERB
abr-64	42	10	significant	significant	ADJ
abr-64	42	11	difference	difference	NOUN
abr-64	42	12	,	,	PUNCT
abr-64	42	13	it	it	PRON
abr-64	42	14	may	may	AUX
abr-64	42	15	be	be	AUX
abr-64	42	16	inferred	infer	VERB
abr-64	42	17	that	that	SCONJ
abr-64	42	18	walmart	walmart	PROPN
abr-64	42	19	’s	’s	PART
abr-64	42	20	wealth	wealth	NOUN
abr-64	42	21	measure	measure	NOUN
abr-64	42	22	is	be	AUX
abr-64	42	23	more	more	ADV
abr-64	42	24	/	/	SYM
abr-64	42	25	less	less	ADV
abr-64	42	26	influential	influential	ADJ
abr-64	42	27	in	in	ADP
abr-64	42	28	determining	determine	VERB
abr-64	42	29	future	future	ADJ
abr-64	42	30	stock	stock	NOUN
abr-64	42	31	prices	price	NOUN
abr-64	42	32	.	.	PUNCT
abr-64	43	1	these	these	DET
abr-64	43	2	alternative	alternative	ADJ
abr-64	43	3	notions	notion	NOUN
abr-64	43	4	suggest	suggest	VERB
abr-64	43	5	the	the	DET
abr-64	43	6	following	follow	VERB
abr-64	43	7	null	null	ADJ
abr-64	43	8	hypothesis	hypothesis	NOUN
abr-64	43	9	:	:	PUNCT
abr-64	43	10	h1	h1	PROPN
abr-64	43	11	:	:	PUNCT
abr-64	43	12	the	the	DET
abr-64	43	13	information	information	NOUN
abr-64	43	14	content	content	NOUN
abr-64	43	15	of	of	ADP
abr-64	43	16	book	book	NOUN
abr-64	43	17	value	value	NOUN
abr-64	43	18	per	per	ADP
abr-64	43	19	share	share	NOUN
abr-64	43	20	(	(	PUNCT
abr-64	43	21	wealth	wealth	NOUN
abr-64	43	22	measure	measure	NOUN
abr-64	43	23	)	)	PUNCT
abr-64	43	24	for	for	ADP
abr-64	43	25	wal	wal	PROPN
abr-64	43	26	-	-	PUNCT
abr-64	43	27	mart	mart	PROPN
abr-64	43	28	is	be	AUX
abr-64	43	29	not	not	PART
abr-64	43	30	significantly	significantly	ADV
abr-64	43	31	different	different	ADJ
abr-64	43	32	from	from	ADP
abr-64	43	33	the	the	DET
abr-64	43	34	information	information	NOUN
abr-64	43	35	content	content	NOUN
abr-64	43	36	of	of	ADP
abr-64	43	37	the	the	DET
abr-64	43	38	book	book	NOUN
abr-64	43	39	value	value	NOUN
abr-64	43	40	per	per	ADP
abr-64	43	41	share	share	NOUN
abr-64	43	42	for	for	ADP
abr-64	43	43	all	all	DET
abr-64	43	44	other	other	ADJ
abr-64	43	45	retail	retail	ADJ
abr-64	43	46	trade	trade	NOUN
abr-64	43	47	firms	firm	NOUN
abr-64	43	48	.	.	PUNCT
abr-64	44	1	test	test	NOUN
abr-64	44	2	of	of	ADP
abr-64	44	3	hypothesis	hypothesis	NOUN
abr-64	44	4	the	the	DET
abr-64	44	5	purpose	purpose	NOUN
abr-64	44	6	of	of	ADP
abr-64	44	7	this	this	DET
abr-64	44	8	test	test	NOUN
abr-64	44	9	is	be	AUX
abr-64	44	10	to	to	PART
abr-64	44	11	assess	assess	VERB
abr-64	44	12	the	the	DET
abr-64	44	13	relative	relative	ADJ
abr-64	44	14	information	information	NOUN
abr-64	44	15	content	content	NOUN
abr-64	44	16	of	of	ADP
abr-64	44	17	the	the	DET
abr-64	44	18	firm	firm	NOUN
abr-64	44	19	’s	’s	PART
abr-64	44	20	book	book	NOUN
abr-64	44	21	value	value	NOUN
abr-64	44	22	(	(	PUNCT
abr-64	44	23	wealth	wealth	NOUN
abr-64	44	24	)	)	PUNCT
abr-64	44	25	to	to	ADP
abr-64	44	26	security	security	NOUN
abr-64	44	27	prices	price	NOUN
abr-64	44	28	of	of	ADP
abr-64	44	29	the	the	DET
abr-64	44	30	firm	firm	NOUN
abr-64	44	31	.	.	PUNCT
abr-64	45	1	quarterly	quarterly	ADJ
abr-64	45	2	financial	financial	ADJ
abr-64	45	3	data	datum	NOUN
abr-64	45	4	,	,	PUNCT
abr-64	45	5	which	which	PRON
abr-64	45	6	would	would	AUX
abr-64	45	7	also	also	ADV
abr-64	45	8	contain	contain	VERB
abr-64	45	9	information	information	NOUN
abr-64	45	10	for	for	ADP
abr-64	45	11	determining	determine	VERB
abr-64	45	12	book	book	NOUN
abr-64	45	13	value	value	NOUN
abr-64	45	14	,	,	PUNCT
abr-64	45	15	is	be	AUX
abr-64	45	16	typically	typically	ADV
abr-64	45	17	released	release	VERB
abr-64	45	18	by	by	ADP
abr-64	45	19	each	each	DET
abr-64	45	20	publicly	publicly	ADV
abr-64	45	21	held	hold	VERB
abr-64	45	22	firm	firm	NOUN
abr-64	45	23	within	within	ADP
abr-64	45	24	two	two	NUM
abr-64	45	25	weeks	week	NOUN
abr-64	45	26	following	follow	VERB
abr-64	45	27	the	the	DET
abr-64	45	28	close	close	NOUN
abr-64	45	29	of	of	ADP
abr-64	45	30	the	the	DET
abr-64	45	31	quarter	quarter	NOUN
abr-64	45	32	.	.	PUNCT
abr-64	46	1	based	base	VERB
abr-64	46	2	on	on	ADP
abr-64	46	3	this	this	DET
abr-64	46	4	information	information	NOUN
abr-64	46	5	,	,	PUNCT
abr-64	46	6	stock	stock	NOUN
abr-64	46	7	traders	trader	NOUN
abr-64	46	8	respond	respond	VERB
abr-64	46	9	along	along	ADV
abr-64	46	10	with	with	ADP
abr-64	46	11	the	the	DET
abr-64	46	12	stock	stock	NOUN
abr-64	46	13	price	price	NOUN
abr-64	46	14	itself	itself	PRON
abr-64	46	15	.	.	PUNCT
abr-64	47	1	heretofore	heretofore	ADV
abr-64	47	2	,	,	PUNCT
abr-64	47	3	the	the	DET
abr-64	47	4	prime	prime	ADJ
abr-64	47	5	belief	belief	NOUN
abr-64	47	6	was	be	AUX
abr-64	47	7	that	that	SCONJ
abr-64	47	8	earnings	earning	NOUN
abr-64	47	9	,	,	PUNCT
abr-64	47	10	more	more	ADV
abr-64	47	11	specifically	specifically	ADV
abr-64	47	12	,	,	PUNCT
abr-64	47	13	“	"	PUNCT
abr-64	47	14	unexpected	unexpected	ADJ
abr-64	47	15	earnings	earning	NOUN
abr-64	47	16	”	"	PUNCT
abr-64	47	17	was	be	AUX
abr-64	47	18	causing	cause	VERB
abr-64	47	19	the	the	DET
abr-64	47	20	stock	stock	NOUN
abr-64	47	21	price	price	NOUN
abr-64	47	22	to	to	PART
abr-64	47	23	move	move	VERB
abr-64	47	24	.	.	PUNCT
abr-64	48	1	but	but	CCONJ
abr-64	48	2	what	what	PRON
abr-64	48	3	if	if	SCONJ
abr-64	48	4	there	there	PRON
abr-64	48	5	are	be	VERB
abr-64	48	6	influences	influence	NOUN
abr-64	48	7	that	that	PRON
abr-64	48	8	go	go	VERB
abr-64	48	9	beyond	beyond	ADP
abr-64	48	10	unexpected	unexpected	ADJ
abr-64	48	11	earnings	earning	NOUN
abr-64	48	12	,	,	PUNCT
abr-64	48	13	such	such	ADJ
abr-64	48	14	as	as	ADP
abr-64	48	15	a	a	DET
abr-64	48	16	firm	firm	NOUN
abr-64	48	17	with	with	ADP
abr-64	48	18	a	a	DET
abr-64	48	19	history	history	NOUN
abr-64	48	20	of	of	ADP
abr-64	48	21	unprecedented	unprecedented	ADJ
abr-64	48	22	number	number	NOUN
abr-64	48	23	of	of	ADP
abr-64	48	24	stock	stock	NOUN
abr-64	48	25	splits	split	NOUN
abr-64	48	26	?	?	PUNCT
abr-64	49	1	might	might	AUX
abr-64	49	2	a	a	DET
abr-64	49	3	wealth	wealth	NOUN
abr-64	49	4	measure	measure	NOUN
abr-64	49	5	,	,	PUNCT
abr-64	49	6	such	such	ADJ
abr-64	49	7	as	as	ADP
abr-64	49	8	book	book	NOUN
abr-64	49	9	value	value	NOUN
abr-64	49	10	per	per	ADP
abr-64	49	11	share	share	NOUN
abr-64	49	12	,	,	PUNCT
abr-64	49	13	be	be	AUX
abr-64	49	14	able	able	ADJ
abr-64	49	15	to	to	PART
abr-64	49	16	capture	capture	VERB
abr-64	49	17	any	any	DET
abr-64	49	18	correlation	correlation	NOUN
abr-64	49	19	with	with	ADP
abr-64	49	20	future	future	ADJ
abr-64	49	21	stock	stock	NOUN
abr-64	49	22	price	price	NOUN
abr-64	49	23	?	?	PUNCT
abr-64	50	1	the	the	DET
abr-64	50	2	dow	dow	PROPN
abr-64	50	3	jones	jones	PROPN
abr-64	50	4	news	news	PROPN
abr-64	50	5	retrieval	retrieval	PROPN
abr-64	50	6	service	service	NOUN
abr-64	50	7	(	(	PUNCT
abr-64	50	8	djnrs	djnrs	NOUN
abr-64	50	9	)	)	PUNCT
abr-64	50	10	was	be	AUX
abr-64	50	11	used	use	VERB
abr-64	50	12	to	to	PART
abr-64	50	13	identify	identify	VERB
abr-64	50	14	the	the	DET
abr-64	50	15	date	date	NOUN
abr-64	50	16	that	that	PRON
abr-64	50	17	each	each	DET
abr-64	50	18	firm	firm	NOUN
abr-64	50	19	released	release	VERB
abr-64	50	20	quarterly	quarterly	ADJ
abr-64	50	21	financial	financial	ADJ
abr-64	50	22	data	datum	NOUN
abr-64	50	23	for	for	ADP
abr-64	50	24	the	the	DET
abr-64	50	25	study	study	NOUN
abr-64	50	26	periods	period	NOUN
abr-64	50	27	.	.	PUNCT
abr-64	51	1	this	this	DET
abr-64	51	2	date	date	NOUN
abr-64	51	3	of	of	ADP
abr-64	51	4	data	datum	NOUN
abr-64	51	5	release	release	NOUN
abr-64	51	6	is	be	AUX
abr-64	51	7	known	know	VERB
abr-64	51	8	as	as	ADP
abr-64	51	9	the	the	DET
abr-64	51	10	event	event	NOUN
abr-64	51	11	date	date	NOUN
abr-64	51	12	.	.	PUNCT
abr-64	52	1	the	the	DET
abr-64	52	2	following	follow	VERB
abr-64	52	3	model	model	NOUN
abr-64	52	4	is	be	AUX
abr-64	52	5	established	establish	VERB
abr-64	52	6	for	for	ADP
abr-64	52	7	determining	determine	VERB
abr-64	52	8	information	information	NOUN
abr-64	52	9	content	content	NOUN
abr-64	52	10	:	:	PUNCT
abr-64	52	11	carit	carit	NOUN
abr-64	52	12	=	=	PUNCT
abr-64	52	13	a	a	DET
abr-64	52	14	+	+	NUM
abr-64	52	15	b1wit	b1wit	NOUN
abr-64	52	16	+	+	CCONJ
abr-64	52	17	b2(dmwit	b2(dmwit	NOUN
abr-64	52	18	)	)	PUNCT
abr-64	53	1	+	+	CCONJ
abr-64	53	2	b3ueit	b3ueit	NOUN
abr-64	53	3	+	+	CCONJ
abr-64	53	4	b4bit	b4bit	NOUN
abr-64	53	5	+	+	CCONJ
abr-64	53	6	b5mvit	b5mvit	PROPN
abr-64	53	7	+	+	CCONJ
abr-64	53	8	eit	eit	INTJ
abr-64	53	9	where	where	SCONJ
abr-64	53	10	:	:	PUNCT
abr-64	53	11	carit	carit	NOUN
abr-64	53	12	=	=	SYM
abr-64	53	13	cumulative	cumulative	ADJ
abr-64	53	14	abnormal	abnormal	ADJ
abr-64	53	15	return	return	NOUN
abr-64	53	16	firm	firm	NOUN
abr-64	53	17	i	i	NOUN
abr-64	53	18	,	,	PUNCT
abr-64	53	19	time	time	NOUN
abr-64	53	20	t	t	PROPN
abr-64	53	21	a	a	DET
abr-64	53	22	=	=	PUNCT
abr-64	53	23	intercept	intercept	NOUN
abr-64	53	24	term	term	NOUN
abr-64	53	25	wit	wit	NOUN
abr-64	53	26	=	=	SYM
abr-64	53	27	wealth	wealth	NOUN
abr-64	53	28	measure	measure	NOUN
abr-64	53	29	proxied	proxie	VERB
abr-64	53	30	by	by	ADP
abr-64	53	31	book	book	NOUN
abr-64	53	32	value	value	NOUN
abr-64	53	33	per	per	ADP
abr-64	53	34	share	share	NOUN
abr-64	53	35	for	for	ADP
abr-64	53	36	firm	firm	ADJ
abr-64	53	37	i	i	NOUN
abr-64	53	38	,	,	PUNCT
abr-64	53	39	time	time	NOUN
abr-64	53	40	t	t	PROPN
abr-64	53	41	dm	dm	NOUN
abr-64	53	42	=	=	SYM
abr-64	53	43	dummy	dummy	ADJ
abr-64	53	44	variable	variable	NOUN
abr-64	53	45	equal	equal	ADJ
abr-64	53	46	to	to	ADP
abr-64	53	47	1	1	NUM
abr-64	53	48	if	if	SCONJ
abr-64	53	49	wal	wal	PROPN
abr-64	53	50	-	-	PUNCT
abr-64	53	51	mart	mart	NOUN
abr-64	53	52	,	,	PUNCT
abr-64	53	53	0	0	NUM
abr-64	53	54	otherwise	otherwise	ADV
abr-64	53	55	ueit	ueit	NOUN
abr-64	53	56	=	=	PUNCT
abr-64	53	57	unexpected	unexpected	ADJ
abr-64	53	58	earnings	earning	NOUN
abr-64	53	59	for	for	ADP
abr-64	53	60	firm	firm	ADJ
abr-64	53	61	i	i	NOUN
abr-64	53	62	,	,	PUNCT
abr-64	53	63	time	time	NOUN
abr-64	53	64	t	t	NOUN
abr-64	53	65	bit	bit	NOUN
abr-64	53	66	=	=	SYM
abr-64	53	67	market	market	NOUN
abr-64	53	68	model	model	NOUN
abr-64	53	69	slope	slope	NOUN
abr-64	53	70	coefficient	coefficient	NOUN
abr-64	53	71	as	as	ADP
abr-64	53	72	proxy	proxy	NOUN
abr-64	53	73	for	for	ADP
abr-64	53	74	systematic	systematic	ADJ
abr-64	53	75	risk	risk	NOUN
abr-64	53	76	mvit	mvit	NOUN
abr-64	53	77	=	=	NOUN
abr-64	53	78	market	market	NOUN
abr-64	53	79	value	value	NOUN
abr-64	53	80	of	of	ADP
abr-64	53	81	equity	equity	NOUN
abr-64	53	82	as	as	ADP
abr-64	53	83	proxy	proxy	NOUN
abr-64	53	84	for	for	ADP
abr-64	53	85	firm	firm	ADJ
abr-64	53	86	size	size	NOUN
abr-64	54	1	eit	eit	NOUN
abr-64	55	1	=	=	NOUN
abr-64	55	2	error	error	NOUN
abr-64	55	3	term	term	NOUN
abr-64	55	4	for	for	ADP
abr-64	55	5	firm	firm	ADJ
abr-64	55	6	i	i	NOUN
abr-64	55	7	,	,	PUNCT
abr-64	55	8	time	time	PROPN
abr-64	55	9	t	t	PROPN
abr-64	55	10	stunda	stunda	PROPN
abr-64	55	11	advances	advance	NOUN
abr-64	55	12	in	in	ADP
abr-64	55	13	business	business	NOUN
abr-64	55	14	research	research	NOUN
abr-64	55	15	2011	2011	NUM
abr-64	55	16	,	,	PUNCT
abr-64	55	17	vol	vol	NOUN
abr-64	55	18	.	.	PROPN
abr-64	55	19	2	2	NUM
abr-64	55	20	,	,	PUNCT
abr-64	55	21	no	no	INTJ
abr-64	55	22	.	.	NOUN
abr-64	55	23	1	1	NUM
abr-64	55	24	,	,	PUNCT
abr-64	55	25	203	203	NUM
abr-64	55	26	-	-	SYM
abr-64	55	27	209	209	NUM
abr-64	55	28	205	205	NUM
abr-64	55	29	the	the	DET
abr-64	55	30	coefficient	coefficient	NOUN
abr-64	55	31	“	"	PUNCT
abr-64	55	32	a	a	DET
abr-64	55	33	”	"	PUNCT
abr-64	55	34	measures	measure	NOUN
abr-64	55	35	the	the	DET
abr-64	55	36	intercept	intercept	NOUN
abr-64	55	37	.	.	PUNCT
abr-64	56	1	the	the	DET
abr-64	56	2	coefficient	coefficient	NOUN
abr-64	56	3	b1	b1	NOUN
abr-64	56	4	is	be	AUX
abr-64	56	5	the	the	DET
abr-64	56	6	response	response	NOUN
abr-64	56	7	coefficient	coefficient	NOUN
abr-64	56	8	for	for	ADP
abr-64	56	9	measuring	measure	VERB
abr-64	56	10	the	the	DET
abr-64	56	11	effect	effect	NOUN
abr-64	56	12	of	of	ADP
abr-64	56	13	book	book	NOUN
abr-64	56	14	value	value	NOUN
abr-64	56	15	(	(	PUNCT
abr-64	56	16	wealth	wealth	NOUN
abr-64	56	17	)	)	PUNCT
abr-64	56	18	on	on	ADP
abr-64	56	19	security	security	NOUN
abr-64	56	20	prices	price	NOUN
abr-64	56	21	for	for	ADP
abr-64	56	22	all	all	DET
abr-64	56	23	firms	firm	NOUN
abr-64	56	24	in	in	ADP
abr-64	56	25	the	the	DET
abr-64	56	26	industry	industry	NOUN
abr-64	56	27	(	(	PUNCT
abr-64	56	28	excluding	exclude	VERB
abr-64	56	29	wal	wal	PROPN
abr-64	56	30	-	-	PUNCT
abr-64	56	31	mart	mart	NOUN
abr-64	56	32	)	)	PUNCT
abr-64	56	33	.	.	PUNCT
abr-64	57	1	the	the	DET
abr-64	57	2	coefficient	coefficient	NOUN
abr-64	57	3	b2	b2	NOUN
abr-64	57	4	is	be	AUX
abr-64	57	5	the	the	DET
abr-64	57	6	response	response	NOUN
abr-64	57	7	coefficient	coefficient	NOUN
abr-64	57	8	measuring	measure	VERB
abr-64	57	9	book	book	NOUN
abr-64	57	10	value	value	NOUN
abr-64	57	11	(	(	PUNCT
abr-64	57	12	wealth	wealth	NOUN
abr-64	57	13	)	)	PUNCT
abr-64	57	14	on	on	ADP
abr-64	57	15	security	security	NOUN
abr-64	57	16	prices	price	NOUN
abr-64	57	17	for	for	ADP
abr-64	57	18	walmart	walmart	PROPN
abr-64	57	19	.	.	PUNCT
abr-64	58	1	the	the	DET
abr-64	58	2	coefficient	coefficient	NOUN
abr-64	58	3	b3	b3	PROPN
abr-64	58	4	is	be	AUX
abr-64	58	5	the	the	DET
abr-64	58	6	traditional	traditional	ADJ
abr-64	58	7	earnings	earning	NOUN
abr-64	58	8	response	response	NOUN
abr-64	58	9	coefficient	coefficient	NOUN
abr-64	58	10	(	(	PUNCT
abr-64	58	11	erc	erc	PROPN
abr-64	58	12	)	)	PUNCT
abr-64	58	13	,	,	PUNCT
abr-64	58	14	found	find	VERB
abr-64	58	15	to	to	PART
abr-64	58	16	have	have	VERB
abr-64	58	17	correlation	correlation	NOUN
abr-64	58	18	with	with	ADP
abr-64	58	19	security	security	NOUN
abr-64	58	20	prices	price	NOUN
abr-64	58	21	in	in	ADP
abr-64	58	22	traditional	traditional	ADJ
abr-64	58	23	market	market	NOUN
abr-64	58	24	based	base	VERB
abr-64	58	25	studies	study	NOUN
abr-64	58	26	.	.	PUNCT
abr-64	59	1	the	the	DET
abr-64	59	2	coefficients	coefficient	NOUN
abr-64	59	3	b4	b4	PROPN
abr-64	59	4	and	and	CCONJ
abr-64	59	5	b5	b5	PROPN
abr-64	59	6	are	be	AUX
abr-64	59	7	potential	potential	ADJ
abr-64	59	8	contributions	contribution	NOUN
abr-64	59	9	to	to	ADP
abr-64	59	10	the	the	DET
abr-64	59	11	erc	erc	PROPN
abr-64	59	12	.	.	PUNCT
abr-64	60	1	to	to	PART
abr-64	60	2	investigate	investigate	VERB
abr-64	60	3	the	the	DET
abr-64	60	4	effect	effect	NOUN
abr-64	60	5	of	of	ADP
abr-64	60	6	information	information	NOUN
abr-64	60	7	content	content	NOUN
abr-64	60	8	on	on	ADP
abr-64	60	9	security	security	NOUN
abr-64	60	10	prices	price	NOUN
abr-64	60	11	,	,	PUNCT
abr-64	60	12	there	there	PRON
abr-64	60	13	must	must	AUX
abr-64	60	14	be	be	AUX
abr-64	60	15	some	some	DET
abr-64	60	16	control	control	NOUN
abr-64	60	17	for	for	ADP
abr-64	60	18	variables	variable	NOUN
abr-64	60	19	found	find	VERB
abr-64	60	20	in	in	ADP
abr-64	60	21	prior	prior	ADJ
abr-64	60	22	studies	study	NOUN
abr-64	60	23	to	to	PART
abr-64	60	24	be	be	AUX
abr-64	60	25	determinants	determinant	NOUN
abr-64	60	26	of	of	ADP
abr-64	60	27	information	information	NOUN
abr-64	60	28	content	content	NOUN
abr-64	60	29	.	.	PUNCT
abr-64	61	1	for	for	ADP
abr-64	61	2	this	this	DET
abr-64	61	3	reason	reason	NOUN
abr-64	61	4	,	,	PUNCT
abr-64	61	5	variables	variables	PROPN
abr-64	61	6	b3	b3	PROPN
abr-64	61	7	,	,	PUNCT
abr-64	61	8	representing	represent	VERB
abr-64	61	9	systematic	systematic	ADJ
abr-64	61	10	risk	risk	NOUN
abr-64	61	11	,	,	PUNCT
abr-64	61	12	and	and	CCONJ
abr-64	61	13	b4	b4	NOUN
abr-64	61	14	,	,	PUNCT
abr-64	61	15	representing	represent	VERB
abr-64	61	16	firm	firm	ADJ
abr-64	61	17	size	size	NOUN
abr-64	61	18	are	be	AUX
abr-64	61	19	included	include	VERB
abr-64	61	20	as	as	ADP
abr-64	61	21	controls	control	NOUN
abr-64	61	22	in	in	ADP
abr-64	61	23	the	the	DET
abr-64	61	24	study	study	NOUN
abr-64	61	25	.	.	PUNCT
abr-64	62	1	unexpected	unexpected	ADJ
abr-64	62	2	earnings	earning	NOUN
abr-64	62	3	(	(	PUNCT
abr-64	62	4	uei	uei	PROPN
abr-64	62	5	)	)	PUNCT
abr-64	62	6	is	be	AUX
abr-64	62	7	measured	measure	VERB
abr-64	62	8	as	as	ADP
abr-64	62	9	the	the	DET
abr-64	62	10	difference	difference	NOUN
abr-64	62	11	between	between	ADP
abr-64	62	12	the	the	DET
abr-64	62	13	management	management	NOUN
abr-64	62	14	earnings	earning	NOUN
abr-64	62	15	forecast	forecast	NOUN
abr-64	62	16	(	(	PUNCT
abr-64	62	17	mfi	mfi	PROPN
abr-64	62	18	)	)	PUNCT
abr-64	62	19	and	and	CCONJ
abr-64	62	20	security	security	NOUN
abr-64	62	21	market	market	NOUN
abr-64	62	22	participants	participant	NOUN
abr-64	62	23	’	'	PUNCT
abr-64	62	24	expectations	expectation	NOUN
abr-64	62	25	for	for	ADP
abr-64	62	26	earnings	earning	NOUN
abr-64	62	27	proxied	proxie	VERB
abr-64	62	28	by	by	ADP
abr-64	62	29	consensus	consensus	NOUN
abr-64	62	30	analyst	analyst	NOUN
abr-64	62	31	following	follow	VERB
abr-64	62	32	as	as	ADP
abr-64	62	33	per	per	ADP
abr-64	62	34	investment	investment	NOUN
abr-64	62	35	brokers	broker	NOUN
abr-64	62	36	estimate	estimate	VERB
abr-64	62	37	service	service	NOUN
abr-64	62	38	(	(	PUNCT
abr-64	62	39	ibes	ibes	PROPN
abr-64	62	40	)	)	PUNCT
abr-64	62	41	(	(	PUNCT
abr-64	62	42	exi	exi	PROPN
abr-64	62	43	)	)	PUNCT
abr-64	62	44	.	.	PUNCT
abr-64	63	1	the	the	DET
abr-64	63	2	unexpected	unexpected	ADJ
abr-64	63	3	earnings	earning	NOUN
abr-64	63	4	are	be	AUX
abr-64	63	5	scaled	scale	VERB
abr-64	63	6	by	by	ADP
abr-64	63	7	the	the	DET
abr-64	63	8	firm	firm	NOUN
abr-64	63	9	’s	’s	PART
abr-64	63	10	stock	stock	NOUN
abr-64	63	11	price	price	NOUN
abr-64	63	12	(	(	PUNCT
abr-64	63	13	pi	pi	NOUN
abr-64	63	14	)	)	PUNCT
abr-64	63	15	180	180	NUM
abr-64	63	16	days	day	NOUN
abr-64	63	17	prior	prior	ADV
abr-64	63	18	to	to	ADP
abr-64	63	19	the	the	DET
abr-64	63	20	forecast	forecast	NOUN
abr-64	63	21	:	:	PUNCT
abr-64	63	22	uei	uei	PROPN
abr-64	63	23	=	=	SYM
abr-64	63	24	(	(	PUNCT
abr-64	63	25	mfi	mfi	PROPN
abr-64	63	26	)	)	PUNCT
abr-64	63	27	–	–	PUNCT
abr-64	63	28	(	(	PUNCT
abr-64	63	29	exi	exi	PROPN
abr-64	63	30	)	)	PUNCT
abr-64	63	31	pi	pi	NOUN
abr-64	63	32	for	for	ADP
abr-64	63	33	each	each	DET
abr-64	63	34	firm	firm	ADJ
abr-64	63	35	sample	sample	NOUN
abr-64	63	36	,	,	PUNCT
abr-64	63	37	an	an	DET
abr-64	63	38	abnormal	abnormal	ADJ
abr-64	63	39	return	return	NOUN
abr-64	63	40	(	(	PUNCT
abr-64	63	41	arit	arit	NOUN
abr-64	63	42	)	)	PUNCT
abr-64	63	43	is	be	AUX
abr-64	63	44	generated	generate	VERB
abr-64	63	45	around	around	ADP
abr-64	63	46	the	the	DET
abr-64	63	47	event	event	NOUN
abr-64	63	48	dates	date	NOUN
abr-64	63	49	of	of	ADP
abr-64	63	50	-1	-1	ADJ
abr-64	63	51	,	,	PUNCT
abr-64	63	52	0	0	NUM
abr-64	63	53	,	,	PUNCT
abr-64	63	54	+1	+1	PROPN
abr-64	63	55	(	(	PUNCT
abr-64	63	56	day	day	NOUN
abr-64	63	57	0	0	PUNCT
abr-64	63	58	representing	represent	VERB
abr-64	63	59	the	the	DET
abr-64	63	60	day	day	NOUN
abr-64	63	61	that	that	SCONJ
abr-64	63	62	the	the	DET
abr-64	63	63	firm	firm	NOUN
abr-64	63	64	’s	’s	PART
abr-64	63	65	financials	financial	NOUN
abr-64	63	66	were	be	AUX
abr-64	63	67	available	available	ADJ
abr-64	63	68	per	per	ADP
abr-64	63	69	djnrs	djnrs	NOUN
abr-64	63	70	)	)	PUNCT
abr-64	63	71	.	.	PUNCT
abr-64	64	1	the	the	DET
abr-64	64	2	market	market	NOUN
abr-64	64	3	model	model	NOUN
abr-64	64	4	is	be	AUX
abr-64	64	5	utilized	utilize	VERB
abr-64	64	6	along	along	ADP
abr-64	64	7	with	with	ADP
abr-64	64	8	the	the	DET
abr-64	64	9	crsp	crsp	PROPN
abr-64	64	10	equally	equally	ADV
abr-64	64	11	-	-	PUNCT
abr-64	64	12	weighted	weight	VERB
abr-64	64	13	market	market	NOUN
abr-64	64	14	index	index	NOUN
abr-64	64	15	and	and	CCONJ
abr-64	64	16	regression	regression	NOUN
abr-64	64	17	parameters	parameter	NOUN
abr-64	64	18	are	be	AUX
abr-64	64	19	established	establish	VERB
abr-64	64	20	between	between	ADP
abr-64	64	21	180	180	NUM
abr-64	64	22	and	and	CCONJ
abr-64	64	23	-91	-91	NOUN
abr-64	64	24	.	.	PUNCT
abr-64	65	1	abnormal	abnormal	ADJ
abr-64	65	2	returns	return	NOUN
abr-64	65	3	are	be	AUX
abr-64	65	4	then	then	ADV
abr-64	65	5	summed	sum	VERB
abr-64	65	6	to	to	PART
abr-64	65	7	calculate	calculate	VERB
abr-64	65	8	a	a	DET
abr-64	65	9	cross	cross	ADJ
abr-64	65	10	-	-	ADJ
abr-64	65	11	sectional	sectional	ADJ
abr-64	65	12	cumulative	cumulative	ADJ
abr-64	65	13	abnormal	abnormal	ADJ
abr-64	65	14	return	return	NOUN
abr-64	65	15	(	(	PUNCT
abr-64	65	16	carit	carit	NOUN
abr-64	65	17	)	)	PUNCT
abr-64	65	18	.	.	PUNCT
abr-64	66	1	table	table	NOUN
abr-64	66	2	2	2	NUM
abr-64	66	3	:	:	PUNCT
abr-64	66	4	test	test	NOUN
abr-64	66	5	of	of	ADP
abr-64	66	6	hypothesis	hypothesis	NOUN
abr-64	66	7	1	1	NUM
abr-64	66	8	sample	sample	NOUN
abr-64	66	9	period	period	NOUN
abr-64	66	10	1973	1973	NUM
abr-64	66	11	-	-	SYM
abr-64	66	12	2010	2010	NUM
abr-64	66	13	model	model	NOUN
abr-64	66	14	:	:	PUNCT
abr-64	66	15	carit	carit	NOUN
abr-64	66	16	=	=	PUNCT
abr-64	67	1	a	a	DET
abr-64	67	2	+	+	NUM
abr-64	67	3	b1wit	b1wit	NOUN
abr-64	67	4	+	+	CCONJ
abr-64	67	5	b2(dmwit	b2(dmwit	NOUN
abr-64	67	6	)	)	PUNCT
abr-64	68	1	+	+	CCONJ
abr-64	68	2	b3ueit	b3ueit	NOUN
abr-64	68	3	+	+	CCONJ
abr-64	68	4	b4bit	b4bit	NOUN
abr-64	68	5	+	+	CCONJ
abr-64	68	6	b5mvit	b5mvit	PROPN
abr-64	68	7	+	+	CCONJ
abr-64	68	8	eit	eit	DET
abr-64	68	9	a	a	DET
abr-64	68	10	b1	b1	NOUN
abr-64	68	11	b2	b2	NOUN
abr-64	68	12	b3	b3	PROPN
abr-64	68	13	b4	b4	PROPN
abr-64	68	14	b5	b5	PROPN
abr-64	68	15	adj	adj	PROPN
abr-64	68	16	.	.	PROPN
abr-64	68	17	r2	r2	PROPN
abr-64	68	18	.25	.25	NUM
abr-64	68	19	.12	.12	NUM
abr-64	68	20	.19	.19	NUM
abr-64	68	21	.15	.15	NUM
abr-64	68	22	.03	.03	NUM
abr-64	68	23	.04	.04	NUM
abr-64	68	24	.112	.112	NUM
abr-64	68	25	(	(	PUNCT
abr-64	68	26	.92	.92	NUM
abr-64	68	27	)	)	PUNCT
abr-64	68	28	(	(	PUNCT
abr-64	68	29	.80	.80	NUM
abr-64	68	30	)	)	PUNCT
abr-64	68	31	(	(	PUNCT
abr-64	68	32	2.49)c	2.49)c	PROPN
abr-64	68	33	(	(	PUNCT
abr-64	68	34	2.11)b	2.11)b	X
abr-64	68	35	(	(	PUNCT
abr-64	68	36	.22	.22	NUM
abr-64	68	37	)	)	PUNCT
abr-64	68	38	(	(	PUNCT
abr-64	68	39	.41	.41	NUM
abr-64	68	40	)	)	PUNCT
abr-64	68	41	n	n	NOUN
abr-64	68	42	=	=	SYM
abr-64	68	43	148	148	NUM
abr-64	68	44	firm	firm	ADJ
abr-64	68	45	quarters	quarter	NOUN
abr-64	68	46	for	for	ADP
abr-64	68	47	wal	wal	PROPN
abr-64	68	48	-	-	PROPN
abr-64	68	49	mart	mart	PROPN
abr-64	68	50	(	(	PUNCT
abr-64	68	51	b2	b2	NOUN
abr-64	68	52	coefficient	coefficient	NOUN
abr-64	68	53	)	)	PUNCT
abr-64	68	54	n	n	NOUN
abr-64	68	55	=	=	SYM
abr-64	68	56	27,232	27,232	NUM
abr-64	68	57	firm	firm	ADJ
abr-64	68	58	quarters	quarter	NOUN
abr-64	68	59	for	for	ADP
abr-64	68	60	all	all	DET
abr-64	68	61	other	other	ADJ
abr-64	68	62	firms	firm	NOUN
abr-64	68	63	in	in	ADP
abr-64	68	64	the	the	DET
abr-64	68	65	industry	industry	NOUN
abr-64	68	66	(	(	PUNCT
abr-64	68	67	b1	b1	PROPN
abr-64	68	68	coefficient	coefficient	NOUN
abr-64	68	69	)	)	PUNCT
abr-64	68	70	n	n	NOUN
abr-64	68	71	=	=	SYM
abr-64	68	72	27,380	27,380	NUM
abr-64	68	73	firm	firm	ADJ
abr-64	68	74	quarters	quarter	NOUN
abr-64	68	75	for	for	ADP
abr-64	68	76	all	all	DET
abr-64	68	77	firms	firm	NOUN
abr-64	68	78	in	in	ADP
abr-64	68	79	industry	industry	NOUN
abr-64	68	80	(	(	PUNCT
abr-64	68	81	b3	b3	PROPN
abr-64	68	82	coefficient	coefficient	PROPN
abr-64	68	83	)	)	PUNCT
abr-64	68	84	a	a	DET
abr-64	68	85	significant	significant	ADJ
abr-64	68	86	at	at	ADP
abr-64	68	87	the	the	DET
abr-64	68	88	.10	.10	NUM
abr-64	68	89	level	level	NOUN
abr-64	68	90	b	b	NOUN
abr-64	68	91	significant	significant	ADJ
abr-64	68	92	at	at	ADP
abr-64	68	93	the	the	DET
abr-64	68	94	.05	.05	NUM
abr-64	68	95	level	level	NOUN
abr-64	68	96	c	c	NOUN
abr-64	68	97	significant	significant	ADJ
abr-64	68	98	at	at	ADP
abr-64	68	99	the	the	DET
abr-64	68	100	.01	.01	NUM
abr-64	68	101	level	level	NOUN
abr-64	68	102	carit	carit	NOUN
abr-64	68	103	=	=	NOUN
abr-64	68	104	cumulative	cumulative	ADJ
abr-64	68	105	abnormal	abnormal	ADJ
abr-64	68	106	return	return	NOUN
abr-64	68	107	firm	firm	NOUN
abr-64	68	108	i	i	NOUN
abr-64	68	109	,	,	PUNCT
abr-64	68	110	time	time	NOUN
abr-64	68	111	t	t	PROPN
abr-64	68	112	a	a	DET
abr-64	68	113	=	=	PUNCT
abr-64	68	114	intercept	intercept	NOUN
abr-64	68	115	term	term	NOUN
abr-64	68	116	wit	wit	NOUN
abr-64	68	117	=	=	SYM
abr-64	68	118	wealth	wealth	NOUN
abr-64	68	119	measure	measure	NOUN
abr-64	68	120	proxied	proxie	VERB
abr-64	68	121	by	by	ADP
abr-64	68	122	book	book	NOUN
abr-64	68	123	value	value	NOUN
abr-64	68	124	per	per	ADP
abr-64	68	125	share	share	NOUN
abr-64	68	126	for	for	ADP
abr-64	68	127	firm	firm	ADJ
abr-64	68	128	i	i	NOUN
abr-64	68	129	,	,	PUNCT
abr-64	68	130	time	time	NOUN
abr-64	68	131	t	t	PROPN
abr-64	68	132	dm	dm	NOUN
abr-64	68	133	=	=	SYM
abr-64	68	134	dummy	dummy	ADJ
abr-64	68	135	variable	variable	NOUN
abr-64	68	136	equal	equal	ADJ
abr-64	68	137	to	to	ADP
abr-64	68	138	1	1	NUM
abr-64	68	139	if	if	SCONJ
abr-64	68	140	wal	wal	PROPN
abr-64	68	141	-	-	PUNCT
abr-64	68	142	mart	mart	NOUN
abr-64	68	143	,	,	PUNCT
abr-64	68	144	0	0	NUM
abr-64	68	145	otherwise	otherwise	ADV
abr-64	68	146	ueit	ueit	NOUN
abr-64	68	147	=	=	PUNCT
abr-64	68	148	unexpected	unexpected	ADJ
abr-64	68	149	earnings	earning	NOUN
abr-64	68	150	for	for	ADP
abr-64	68	151	firm	firm	ADJ
abr-64	68	152	i	i	NOUN
abr-64	68	153	,	,	PUNCT
abr-64	68	154	time	time	NOUN
abr-64	68	155	t	t	NOUN
abr-64	68	156	bit	bit	NOUN
abr-64	68	157	=	=	SYM
abr-64	68	158	market	market	NOUN
abr-64	68	159	model	model	NOUN
abr-64	68	160	slope	slope	NOUN
abr-64	68	161	coefficient	coefficient	NOUN
abr-64	68	162	as	as	ADP
abr-64	68	163	proxy	proxy	NOUN
abr-64	68	164	for	for	ADP
abr-64	68	165	systematic	systematic	ADJ
abr-64	68	166	risk	risk	NOUN
abr-64	68	167	mvit	mvit	NOUN
abr-64	68	168	=	=	NOUN
abr-64	68	169	market	market	NOUN
abr-64	68	170	value	value	NOUN
abr-64	68	171	of	of	ADP
abr-64	68	172	equity	equity	NOUN
abr-64	68	173	as	as	ADP
abr-64	68	174	proxy	proxy	NOUN
abr-64	68	175	for	for	ADP
abr-64	68	176	firm	firm	ADJ
abr-64	68	177	size	size	NOUN
abr-64	69	1	eit	eit	NOUN
abr-64	69	2	=	=	NOUN
abr-64	69	3	error	error	NOUN
abr-64	69	4	term	term	NOUN
abr-64	69	5	for	for	ADP
abr-64	69	6	firm	firm	ADJ
abr-64	69	7	i	i	NOUN
abr-64	69	8	,	,	PUNCT
abr-64	69	9	time	time	NOUN
abr-64	69	10	t	t	PROPN
abr-64	69	11	results	result	NOUN
abr-64	69	12	as	as	SCONJ
abr-64	69	13	indicated	indicate	VERB
abr-64	69	14	in	in	ADP
abr-64	69	15	table	table	NOUN
abr-64	69	16	2	2	NUM
abr-64	69	17	,	,	PUNCT
abr-64	69	18	the	the	DET
abr-64	69	19	coefficient	coefficient	NOUN
abr-64	69	20	representing	represent	VERB
abr-64	69	21	the	the	DET
abr-64	69	22	proxy	proxy	NOUN
abr-64	69	23	for	for	ADP
abr-64	69	24	wealth	wealth	NOUN
abr-64	69	25	for	for	ADP
abr-64	69	26	wal	wal	PROPN
abr-64	69	27	-	-	PUNCT
abr-64	69	28	mart	mart	PROPN
abr-64	69	29	,	,	PUNCT
abr-64	69	30	b2	b2	NOUN
abr-64	69	31	,	,	PUNCT
abr-64	69	32	is	be	AUX
abr-64	69	33	significant	significant	ADJ
abr-64	69	34	.	.	PUNCT
abr-64	70	1	this	this	DET
abr-64	70	2	variable	variable	NOUN
abr-64	70	3	has	have	VERB
abr-64	70	4	a	a	DET
abr-64	70	5	value	value	NOUN
abr-64	70	6	of	of	ADP
abr-64	70	7	.19	.19	NUM
abr-64	70	8	with	with	ADP
abr-64	70	9	a	a	DET
abr-64	70	10	p	p	NOUN
abr-64	70	11	-	-	PUNCT
abr-64	70	12	value	value	NOUN
abr-64	70	13	of	of	ADP
abr-64	70	14	.01	.01	NUM
abr-64	70	15	.	.	PUNCT
abr-64	71	1	the	the	DET
abr-64	71	2	coefficient	coefficient	NOUN
abr-64	71	3	representing	represent	VERB
abr-64	71	4	the	the	DET
abr-64	71	5	proxy	proxy	NOUN
abr-64	71	6	for	for	ADP
abr-64	71	7	wealth	wealth	NOUN
abr-64	71	8	for	for	ADP
abr-64	71	9	all	all	DET
abr-64	71	10	other	other	ADJ
abr-64	71	11	firms	firm	NOUN
abr-64	71	12	in	in	ADP
abr-64	71	13	the	the	DET
abr-64	71	14	retail	retail	ADJ
abr-64	71	15	trade	trade	NOUN
abr-64	71	16	industry	industry	NOUN
abr-64	71	17	,	,	PUNCT
abr-64	71	18	b1	b1	NOUN
abr-64	71	19	,	,	PUNCT
abr-64	71	20	does	do	AUX
abr-64	71	21	not	not	PART
abr-64	71	22	show	show	VERB
abr-64	71	23	significance	significance	NOUN
abr-64	71	24	at	at	ADP
abr-64	71	25	traditional	traditional	ADJ
abr-64	71	26	levels	level	NOUN
abr-64	71	27	with	with	ADP
abr-64	71	28	a	a	DET
abr-64	71	29	value	value	NOUN
abr-64	71	30	of	of	ADP
abr-64	71	31	.12	.12	NUM
abr-64	71	32	.	.	PUNCT
abr-64	71	33	table	table	NOUN
abr-64	71	34	2	2	NUM
abr-64	71	35	also	also	ADV
abr-64	71	36	shows	show	VERB
abr-64	71	37	that	that	SCONJ
abr-64	71	38	the	the	DET
abr-64	71	39	unexpected	unexpected	ADJ
abr-64	71	40	earnings	earning	NOUN
abr-64	71	41	variable	variable	NOUN
abr-64	71	42	,	,	PUNCT
abr-64	71	43	b3	b3	PROPN
abr-64	71	44	,	,	PUNCT
abr-64	71	45	has	have	VERB
abr-64	71	46	a	a	DET
abr-64	71	47	value	value	NOUN
abr-64	71	48	of.15	of.15	NOUN
abr-64	71	49	and	and	CCONJ
abr-64	71	50	is	be	AUX
abr-64	71	51	significant	significant	ADJ
abr-64	71	52	with	with	ADP
abr-64	71	53	a	a	DET
abr-64	71	54	p	p	NOUN
abr-64	71	55	-	-	PUNCT
abr-64	71	56	value	value	NOUN
abr-64	71	57	of	of	ADP
abr-64	71	58	.05	.05	NUM
abr-64	71	59	.	.	PUNCT
abr-64	72	1	this	this	DET
abr-64	72	2	result	result	NOUN
abr-64	72	3	supports	support	VERB
abr-64	72	4	most	most	ADJ
abr-64	72	5	past	past	ADJ
abr-64	72	6	studies	study	NOUN
abr-64	72	7	that	that	PRON
abr-64	72	8	link	link	VERB
abr-64	72	9	unexpected	unexpected	ADJ
abr-64	72	10	earnings	earning	NOUN
abr-64	72	11	to	to	ADP
abr-64	72	12	security	security	NOUN
abr-64	72	13	prices	price	NOUN
abr-64	72	14	.	.	PUNCT
abr-64	73	1	no	no	DET
abr-64	73	2	other	other	ADJ
abr-64	73	3	variables	variable	NOUN
abr-64	73	4	in	in	ADP
abr-64	73	5	the	the	DET
abr-64	73	6	model	model	NOUN
abr-64	73	7	were	be	AUX
abr-64	73	8	found	find	VERB
abr-64	73	9	to	to	PART
abr-64	73	10	contain	contain	VERB
abr-64	73	11	significance	significance	NOUN
abr-64	73	12	at	at	ADP
abr-64	73	13	traditional	traditional	ADJ
abr-64	73	14	levels	level	NOUN
abr-64	73	15	.	.	PUNCT
abr-64	74	1	the	the	DET
abr-64	74	2	results	result	NOUN
abr-64	74	3	from	from	ADP
abr-64	74	4	this	this	DET
abr-64	74	5	regression	regression	NOUN
abr-64	74	6	analysis	analysis	NOUN
abr-64	74	7	do	do	AUX
abr-64	74	8	not	not	PART
abr-64	74	9	support	support	VERB
abr-64	74	10	the	the	DET
abr-64	74	11	hypothesis	hypothesis	NOUN
abr-64	74	12	that	that	PRON
abr-64	74	13	information	information	NOUN
abr-64	74	14	content	content	NOUN
abr-64	74	15	of	of	ADP
abr-64	74	16	the	the	DET
abr-64	74	17	wealth	wealth	NOUN
abr-64	74	18	measure	measure	NOUN
abr-64	74	19	for	for	ADP
abr-64	74	20	wal	wal	PROPN
abr-64	74	21	-	-	PUNCT
abr-64	74	22	mart	mart	PROPN
abr-64	74	23	is	be	AUX
abr-64	74	24	not	not	PART
abr-64	74	25	significantly	significantly	ADV
abr-64	74	26	different	different	ADJ
abr-64	74	27	from	from	ADP
abr-64	74	28	the	the	DET
abr-64	74	29	information	information	NOUN
abr-64	74	30	content	content	NOUN
abr-64	74	31	of	of	ADP
abr-64	74	32	the	the	DET
abr-64	74	33	wealth	wealth	NOUN
abr-64	74	34	measure	measure	NOUN
abr-64	74	35	for	for	ADP
abr-64	74	36	all	all	DET
abr-64	74	37	other	other	ADJ
abr-64	74	38	firms	firm	NOUN
abr-64	74	39	in	in	ADP
abr-64	74	40	the	the	DET
abr-64	74	41	industry	industry	NOUN
abr-64	74	42	,	,	PUNCT
abr-64	74	43	and	and	CCONJ
abr-64	74	44	therefore	therefore	ADV
abr-64	74	45	,	,	PUNCT
abr-64	74	46	h1	h1	PROPN
abr-64	74	47	is	be	AUX
abr-64	74	48	rejected	reject	VERB
abr-64	74	49	.	.	PUNCT
abr-64	75	1	stunda	stunda	PROPN
abr-64	75	2	advances	advance	NOUN
abr-64	75	3	in	in	ADP
abr-64	75	4	business	business	NOUN
abr-64	75	5	research	research	NOUN
abr-64	75	6	2011	2011	NUM
abr-64	75	7	,	,	PUNCT
abr-64	75	8	vol	vol	NOUN
abr-64	75	9	.	.	PROPN
abr-64	76	1	2	2	NUM
abr-64	76	2	,	,	PUNCT
abr-64	76	3	no	no	INTJ
abr-64	76	4	.	.	NOUN
abr-64	76	5	1	1	NUM
abr-64	76	6	,	,	PUNCT
abr-64	76	7	203	203	NUM
abr-64	76	8	-	-	SYM
abr-64	76	9	209	209	NUM
abr-64	76	10	206	206	NUM
abr-64	76	11	in	in	ADP
abr-64	76	12	addition	addition	NOUN
abr-64	76	13	,	,	PUNCT
abr-64	76	14	whenever	whenever	SCONJ
abr-64	76	15	a	a	DET
abr-64	76	16	set	set	NOUN
abr-64	76	17	of	of	ADP
abr-64	76	18	multiple	multiple	ADJ
abr-64	76	19	regression	regression	NOUN
abr-64	76	20	variables	variable	NOUN
abr-64	76	21	are	be	AUX
abr-64	76	22	employed	employ	VERB
abr-64	76	23	,	,	PUNCT
abr-64	76	24	there	there	PRON
abr-64	76	25	is	be	VERB
abr-64	76	26	a	a	DET
abr-64	76	27	probability	probability	NOUN
abr-64	76	28	of	of	ADP
abr-64	76	29	the	the	DET
abr-64	76	30	presence	presence	NOUN
abr-64	76	31	of	of	ADP
abr-64	76	32	multicollinearity	multicollinearity	NOUN
abr-64	76	33	within	within	ADP
abr-64	76	34	the	the	DET
abr-64	76	35	set	set	NOUN
abr-64	76	36	of	of	ADP
abr-64	76	37	independent	independent	ADJ
abr-64	76	38	variables	variable	NOUN
abr-64	76	39	which	which	PRON
abr-64	76	40	may	may	AUX
abr-64	76	41	be	be	AUX
abr-64	76	42	problematic	problematic	ADJ
abr-64	76	43	from	from	ADP
abr-64	76	44	an	an	DET
abr-64	76	45	interpretive	interpretive	ADJ
abr-64	76	46	perspective	perspective	NOUN
abr-64	76	47	.	.	PUNCT
abr-64	77	1	to	to	PART
abr-64	77	2	assess	assess	VERB
abr-64	77	3	the	the	DET
abr-64	77	4	presence	presence	NOUN
abr-64	77	5	of	of	ADP
abr-64	77	6	multicollinearity	multicollinearity	NOUN
abr-64	77	7	,	,	PUNCT
abr-64	77	8	the	the	DET
abr-64	77	9	variance	variance	NOUN
abr-64	77	10	inflation	inflation	NOUN
abr-64	77	11	factor	factor	NOUN
abr-64	77	12	(	(	PUNCT
abr-64	77	13	vip	vip	NOUN
abr-64	77	14	)	)	PUNCT
abr-64	77	15	was	be	AUX
abr-64	77	16	utilized	utilize	VERB
abr-64	77	17	.	.	PUNCT
abr-64	78	1	values	value	NOUN
abr-64	78	2	of	of	ADP
abr-64	78	3	vip	vip	NOUN
abr-64	78	4	exceeding	exceed	VERB
abr-64	78	5	10	10	NUM
abr-64	78	6	are	be	AUX
abr-64	78	7	often	often	ADV
abr-64	78	8	regarded	regard	VERB
abr-64	78	9	as	as	ADP
abr-64	78	10	indicating	indicate	VERB
abr-64	78	11	multicollinearity	multicollinearity	NOUN
abr-64	78	12	.	.	PUNCT
abr-64	79	1	in	in	ADP
abr-64	79	2	the	the	DET
abr-64	79	3	test	test	NOUN
abr-64	79	4	of	of	ADP
abr-64	79	5	hypothesis	hypothesis	NOUN
abr-64	79	6	1	1	NUM
abr-64	79	7	,	,	PUNCT
abr-64	79	8	a	a	DET
abr-64	79	9	vip	vip	NOUN
abr-64	79	10	of	of	ADP
abr-64	79	11	2.1	2.1	NUM
abr-64	79	12	was	be	AUX
abr-64	79	13	observed	observe	VERB
abr-64	79	14	,	,	PUNCT
abr-64	79	15	thus	thus	ADV
abr-64	79	16	indicating	indicate	VERB
abr-64	79	17	a	a	DET
abr-64	79	18	non	non	NOUN
abr-64	79	19	-	-	NOUN
abr-64	79	20	presence	presence	NOUN
abr-64	79	21	of	of	ADP
abr-64	79	22	significant	significant	ADJ
abr-64	79	23	multicollinearity	multicollinearity	NOUN
abr-64	79	24	.	.	PUNCT
abr-64	80	1	firms	firm	NOUN
abr-64	80	2	with	with	ADP
abr-64	80	3	multiple	multiple	ADJ
abr-64	80	4	stock	stock	NOUN
abr-64	80	5	splits	split	VERB
abr-64	80	6	in	in	ADP
abr-64	80	7	comparison	comparison	NOUN
abr-64	80	8	to	to	ADP
abr-64	80	9	the	the	DET
abr-64	80	10	rest	rest	NOUN
abr-64	80	11	of	of	ADP
abr-64	80	12	the	the	DET
abr-64	80	13	industry	industry	NOUN
abr-64	80	14	if	if	SCONJ
abr-64	80	15	the	the	DET
abr-64	80	16	wal	wal	PROPN
abr-64	80	17	-	-	PUNCT
abr-64	80	18	mart	mart	PROPN
abr-64	80	19	wealth	wealth	NOUN
abr-64	80	20	proxy	proxy	NOUN
abr-64	80	21	exerts	exert	VERB
abr-64	80	22	greater	great	ADJ
abr-64	80	23	influence	influence	NOUN
abr-64	80	24	on	on	ADP
abr-64	80	25	security	security	NOUN
abr-64	80	26	prices	price	NOUN
abr-64	80	27	than	than	ADP
abr-64	80	28	the	the	DET
abr-64	80	29	wealth	wealth	NOUN
abr-64	80	30	proxy	proxy	NOUN
abr-64	80	31	of	of	ADP
abr-64	80	32	all	all	DET
abr-64	80	33	other	other	ADJ
abr-64	80	34	firms	firm	NOUN
abr-64	80	35	in	in	ADP
abr-64	80	36	the	the	DET
abr-64	80	37	retail	retail	ADJ
abr-64	80	38	trade	trade	NOUN
abr-64	80	39	industry	industry	NOUN
abr-64	80	40	,	,	PUNCT
abr-64	80	41	as	as	SCONJ
abr-64	80	42	seen	see	VERB
abr-64	80	43	in	in	ADP
abr-64	80	44	hypothesis	hypothesis	NOUN
abr-64	80	45	1	1	NUM
abr-64	80	46	,	,	PUNCT
abr-64	80	47	it	it	PRON
abr-64	80	48	is	be	AUX
abr-64	80	49	possible	possible	ADJ
abr-64	80	50	that	that	SCONJ
abr-64	80	51	the	the	DET
abr-64	80	52	multiple	multiple	ADJ
abr-64	80	53	stock	stock	NOUN
abr-64	80	54	splits	split	NOUN
abr-64	80	55	of	of	ADP
abr-64	80	56	wal	wal	PROPN
abr-64	80	57	-	-	PUNCT
abr-64	80	58	mart	mart	PROPN
abr-64	80	59	may	may	AUX
abr-64	80	60	have	have	AUX
abr-64	80	61	played	play	VERB
abr-64	80	62	a	a	DET
abr-64	80	63	factor	factor	NOUN
abr-64	80	64	in	in	ADP
abr-64	80	65	the	the	DET
abr-64	80	66	results	result	NOUN
abr-64	80	67	.	.	PUNCT
abr-64	81	1	if	if	SCONJ
abr-64	81	2	,	,	PUNCT
abr-64	81	3	however	however	ADV
abr-64	81	4	,	,	PUNCT
abr-64	81	5	multiple	multiple	ADJ
abr-64	81	6	stock	stock	NOUN
abr-64	81	7	splits	split	NOUN
abr-64	81	8	are	be	AUX
abr-64	81	9	unrelated	unrelated	ADJ
abr-64	81	10	to	to	ADP
abr-64	81	11	wealth	wealth	NOUN
abr-64	81	12	and	and	CCONJ
abr-64	81	13	security	security	NOUN
abr-64	81	14	prices	price	NOUN
abr-64	81	15	,	,	PUNCT
abr-64	81	16	it	it	PRON
abr-64	81	17	could	could	AUX
abr-64	81	18	be	be	AUX
abr-64	81	19	conjectured	conjecture	VERB
abr-64	81	20	that	that	SCONJ
abr-64	81	21	the	the	DET
abr-64	81	22	results	result	NOUN
abr-64	81	23	of	of	ADP
abr-64	81	24	hypothesis	hypothesis	NOUN
abr-64	81	25	1	1	NUM
abr-64	81	26	are	be	AUX
abr-64	81	27	spurious	spurious	ADJ
abr-64	81	28	or	or	CCONJ
abr-64	81	29	only	only	ADV
abr-64	81	30	related	relate	VERB
abr-64	81	31	to	to	ADP
abr-64	81	32	wal	wal	PROPN
abr-64	81	33	-	-	PROPN
abr-64	81	34	mart	mart	PROPN
abr-64	81	35	and	and	CCONJ
abr-64	81	36	any	any	DET
abr-64	81	37	specific	specific	ADJ
abr-64	81	38	effects	effect	NOUN
abr-64	81	39	it	it	PRON
abr-64	81	40	exerts	exert	VERB
abr-64	81	41	.	.	PUNCT
abr-64	82	1	if	if	SCONJ
abr-64	82	2	multiple	multiple	ADJ
abr-64	82	3	stock	stock	NOUN
abr-64	82	4	splits	split	VERB
abr-64	82	5	,	,	PUNCT
abr-64	82	6	in	in	ADP
abr-64	82	7	general	general	ADJ
abr-64	82	8	,	,	PUNCT
abr-64	82	9	have	have	VERB
abr-64	82	10	little	little	ADJ
abr-64	82	11	or	or	CCONJ
abr-64	82	12	no	no	PRON
abr-64	82	13	impact	impact	NOUN
abr-64	82	14	on	on	ADP
abr-64	82	15	wealth	wealth	NOUN
abr-64	82	16	and	and	CCONJ
abr-64	82	17	security	security	NOUN
abr-64	82	18	prices	price	NOUN
abr-64	82	19	,	,	PUNCT
abr-64	82	20	then	then	ADV
abr-64	82	21	we	we	PRON
abr-64	82	22	should	should	AUX
abr-64	82	23	see	see	VERB
abr-64	82	24	insignificant	insignificant	ADJ
abr-64	82	25	differences	difference	NOUN
abr-64	82	26	between	between	ADP
abr-64	82	27	firms	firm	NOUN
abr-64	82	28	with	with	ADP
abr-64	82	29	multiple	multiple	ADJ
abr-64	82	30	stock	stock	NOUN
abr-64	82	31	splits	split	NOUN
abr-64	82	32	and	and	CCONJ
abr-64	82	33	the	the	DET
abr-64	82	34	rest	rest	NOUN
abr-64	82	35	of	of	ADP
abr-64	82	36	the	the	DET
abr-64	82	37	industry	industry	NOUN
abr-64	82	38	when	when	SCONJ
abr-64	82	39	assessing	assess	VERB
abr-64	82	40	wealth	wealth	NOUN
abr-64	82	41	to	to	ADP
abr-64	82	42	security	security	NOUN
abr-64	82	43	prices	price	NOUN
abr-64	82	44	.	.	PUNCT
abr-64	83	1	this	this	DET
abr-64	83	2	notion	notion	NOUN
abr-64	83	3	suggests	suggest	VERB
abr-64	83	4	the	the	DET
abr-64	83	5	following	follow	VERB
abr-64	83	6	hypothesis	hypothesis	NOUN
abr-64	83	7	:	:	PUNCT
abr-64	83	8	h2	h2	NOUN
abr-64	83	9	:	:	PUNCT
abr-64	83	10	the	the	DET
abr-64	83	11	information	information	NOUN
abr-64	83	12	content	content	NOUN
abr-64	83	13	of	of	ADP
abr-64	83	14	book	book	NOUN
abr-64	83	15	value	value	NOUN
abr-64	83	16	per	per	ADP
abr-64	83	17	share	share	NOUN
abr-64	83	18	(	(	PUNCT
abr-64	83	19	wealth	wealth	NOUN
abr-64	83	20	measure	measure	NOUN
abr-64	83	21	)	)	PUNCT
abr-64	83	22	for	for	ADP
abr-64	83	23	all	all	DET
abr-64	83	24	firms	firm	NOUN
abr-64	83	25	in	in	ADP
abr-64	83	26	the	the	DET
abr-64	83	27	retail	retail	ADJ
abr-64	83	28	trade	trade	NOUN
abr-64	83	29	industry	industry	NOUN
abr-64	83	30	with	with	ADP
abr-64	83	31	multiple	multiple	ADJ
abr-64	83	32	stock	stock	NOUN
abr-64	83	33	splits	split	NOUN
abr-64	83	34	is	be	AUX
abr-64	83	35	not	not	PART
abr-64	83	36	significantly	significantly	ADV
abr-64	83	37	different	different	ADJ
abr-64	83	38	from	from	ADP
abr-64	83	39	the	the	DET
abr-64	83	40	information	information	NOUN
abr-64	83	41	content	content	NOUN
abr-64	83	42	of	of	ADP
abr-64	83	43	book	book	NOUN
abr-64	83	44	value	value	NOUN
abr-64	83	45	per	per	ADP
abr-64	83	46	share	share	NOUN
abr-64	83	47	for	for	ADP
abr-64	83	48	all	all	DET
abr-64	83	49	other	other	ADJ
abr-64	83	50	retail	retail	ADJ
abr-64	83	51	trade	trade	NOUN
abr-64	83	52	firms	firm	NOUN
abr-64	83	53	.	.	PUNCT
abr-64	84	1	test	test	NOUN
abr-64	84	2	of	of	ADP
abr-64	84	3	hypothesis	hypothesis	NOUN
abr-64	84	4	a	a	DET
abr-64	84	5	similar	similar	ADJ
abr-64	84	6	regression	regression	NOUN
abr-64	84	7	as	as	SCONJ
abr-64	84	8	was	be	AUX
abr-64	84	9	used	use	VERB
abr-64	84	10	for	for	ADP
abr-64	84	11	hypothesis	hypothesis	NOUN
abr-64	84	12	1	1	NUM
abr-64	84	13	is	be	AUX
abr-64	84	14	used	use	VERB
abr-64	84	15	again	again	ADV
abr-64	84	16	for	for	ADP
abr-64	84	17	hypothesis	hypothesis	NOUN
abr-64	84	18	2	2	NUM
abr-64	84	19	:	:	PUNCT
abr-64	84	20	carit	carit	X
abr-64	84	21	=	=	PUNCT
abr-64	84	22	a	a	DET
abr-64	84	23	+	+	NUM
abr-64	84	24	b1wit	b1wit	NOUN
abr-64	84	25	+	+	CCONJ
abr-64	84	26	b2(dmwit	b2(dmwit	NOUN
abr-64	84	27	)	)	PUNCT
abr-64	85	1	+	+	CCONJ
abr-64	85	2	b3ueit	b3ueit	NOUN
abr-64	85	3	+	+	CCONJ
abr-64	85	4	b4bit	b4bit	NOUN
abr-64	85	5	+	+	CCONJ
abr-64	85	6	b5mvit	b5mvit	PROPN
abr-64	85	7	+	+	CCONJ
abr-64	85	8	eit	eit	INTJ
abr-64	85	9	where	where	SCONJ
abr-64	85	10	:	:	PUNCT
abr-64	85	11	carit	carit	NOUN
abr-64	85	12	=	=	SYM
abr-64	85	13	cumulative	cumulative	ADJ
abr-64	85	14	abnormal	abnormal	ADJ
abr-64	85	15	return	return	NOUN
abr-64	85	16	firm	firm	NOUN
abr-64	85	17	i	i	NOUN
abr-64	85	18	,	,	PUNCT
abr-64	85	19	time	time	NOUN
abr-64	85	20	t	t	PROPN
abr-64	85	21	a	a	DET
abr-64	85	22	=	=	PUNCT
abr-64	85	23	intercept	intercept	NOUN
abr-64	85	24	term	term	NOUN
abr-64	85	25	wit	wit	NOUN
abr-64	85	26	=	=	SYM
abr-64	85	27	wealth	wealth	NOUN
abr-64	85	28	measure	measure	NOUN
abr-64	85	29	proxied	proxie	VERB
abr-64	85	30	by	by	ADP
abr-64	85	31	book	book	NOUN
abr-64	85	32	value	value	NOUN
abr-64	85	33	per	per	ADP
abr-64	85	34	share	share	NOUN
abr-64	85	35	for	for	ADP
abr-64	85	36	firm	firm	ADJ
abr-64	85	37	i	i	NOUN
abr-64	85	38	,	,	PUNCT
abr-64	85	39	time	time	NOUN
abr-64	85	40	t	t	PROPN
abr-64	85	41	dm	dm	NOUN
abr-64	85	42	=	=	SYM
abr-64	85	43	dummy	dummy	ADJ
abr-64	85	44	variable	variable	NOUN
abr-64	85	45	equal	equal	ADJ
abr-64	85	46	to	to	ADP
abr-64	85	47	1	1	NUM
abr-64	85	48	if	if	SCONJ
abr-64	85	49	firms	firm	NOUN
abr-64	85	50	with	with	ADP
abr-64	85	51	multiple	multiple	ADJ
abr-64	85	52	stock	stock	NOUN
abr-64	85	53	splits	split	NOUN
abr-64	85	54	,	,	PUNCT
abr-64	85	55	0	0	NUM
abr-64	85	56	otherwise	otherwise	ADV
abr-64	85	57	ueit	ueit	NOUN
abr-64	85	58	=	=	PUNCT
abr-64	85	59	unexpected	unexpected	ADJ
abr-64	85	60	earnings	earning	NOUN
abr-64	85	61	for	for	ADP
abr-64	85	62	firm	firm	ADJ
abr-64	85	63	i	i	NOUN
abr-64	85	64	,	,	PUNCT
abr-64	85	65	time	time	NOUN
abr-64	85	66	t	t	NOUN
abr-64	85	67	bit	bit	NOUN
abr-64	85	68	=	=	SYM
abr-64	85	69	market	market	NOUN
abr-64	85	70	model	model	NOUN
abr-64	85	71	slope	slope	NOUN
abr-64	85	72	coefficient	coefficient	NOUN
abr-64	85	73	as	as	ADP
abr-64	85	74	proxy	proxy	NOUN
abr-64	85	75	for	for	ADP
abr-64	85	76	systematic	systematic	ADJ
abr-64	85	77	risk	risk	NOUN
abr-64	85	78	mvit	mvit	NOUN
abr-64	85	79	=	=	NOUN
abr-64	85	80	market	market	NOUN
abr-64	85	81	value	value	NOUN
abr-64	85	82	of	of	ADP
abr-64	85	83	equity	equity	NOUN
abr-64	85	84	as	as	ADP
abr-64	85	85	proxy	proxy	NOUN
abr-64	85	86	for	for	ADP
abr-64	85	87	firm	firm	ADJ
abr-64	85	88	size	size	NOUN
abr-64	86	1	eit	eit	NOUN
abr-64	87	1	=	=	NOUN
abr-64	87	2	error	error	NOUN
abr-64	87	3	term	term	NOUN
abr-64	87	4	for	for	ADP
abr-64	87	5	firm	firm	ADJ
abr-64	87	6	i	i	NOUN
abr-64	87	7	,	,	PUNCT
abr-64	87	8	time	time	NOUN
abr-64	87	9	t	t	PROPN
abr-64	87	10	the	the	DET
abr-64	87	11	coefficient	coefficient	NOUN
abr-64	87	12	“	"	PUNCT
abr-64	87	13	a	a	DET
abr-64	87	14	”	"	PUNCT
abr-64	87	15	measures	measure	NOUN
abr-64	87	16	the	the	DET
abr-64	87	17	intercept	intercept	NOUN
abr-64	87	18	.	.	PUNCT
abr-64	88	1	the	the	DET
abr-64	88	2	coefficient	coefficient	NOUN
abr-64	88	3	b1	b1	NOUN
abr-64	88	4	is	be	AUX
abr-64	88	5	the	the	DET
abr-64	88	6	response	response	NOUN
abr-64	88	7	coefficient	coefficient	NOUN
abr-64	88	8	for	for	ADP
abr-64	88	9	measuring	measure	VERB
abr-64	88	10	the	the	DET
abr-64	88	11	effect	effect	NOUN
abr-64	88	12	of	of	ADP
abr-64	88	13	book	book	NOUN
abr-64	88	14	value	value	NOUN
abr-64	88	15	(	(	PUNCT
abr-64	88	16	wealth	wealth	NOUN
abr-64	88	17	)	)	PUNCT
abr-64	88	18	on	on	ADP
abr-64	88	19	security	security	NOUN
abr-64	88	20	prices	price	NOUN
abr-64	88	21	for	for	ADP
abr-64	88	22	all	all	DET
abr-64	88	23	firms	firm	NOUN
abr-64	88	24	in	in	ADP
abr-64	88	25	the	the	DET
abr-64	88	26	industry	industry	NOUN
abr-64	88	27	with	with	ADP
abr-64	88	28	fewer	few	ADJ
abr-64	88	29	than	than	ADP
abr-64	88	30	2	2	NUM
abr-64	88	31	stock	stock	NOUN
abr-64	88	32	splits	split	NOUN
abr-64	88	33	.	.	PUNCT
abr-64	89	1	the	the	DET
abr-64	89	2	coefficient	coefficient	NOUN
abr-64	89	3	b2	b2	NOUN
abr-64	89	4	is	be	AUX
abr-64	89	5	the	the	DET
abr-64	89	6	response	response	NOUN
abr-64	89	7	coefficient	coefficient	NOUN
abr-64	89	8	measuring	measure	VERB
abr-64	89	9	book	book	NOUN
abr-64	89	10	value	value	NOUN
abr-64	89	11	(	(	PUNCT
abr-64	89	12	wealth	wealth	NOUN
abr-64	89	13	)	)	PUNCT
abr-64	89	14	on	on	ADP
abr-64	89	15	security	security	NOUN
abr-64	89	16	prices	price	NOUN
abr-64	89	17	for	for	ADP
abr-64	89	18	industry	industry	NOUN
abr-64	89	19	firms	firm	NOUN
abr-64	89	20	with	with	ADP
abr-64	89	21	multiple	multiple	ADJ
abr-64	89	22	stock	stock	NOUN
abr-64	89	23	splits	split	NOUN
abr-64	89	24	.	.	PUNCT
abr-64	90	1	the	the	DET
abr-64	90	2	coefficient	coefficient	NOUN
abr-64	90	3	b3	b3	PROPN
abr-64	90	4	is	be	AUX
abr-64	90	5	the	the	DET
abr-64	90	6	traditional	traditional	ADJ
abr-64	90	7	earnings	earning	NOUN
abr-64	90	8	response	response	NOUN
abr-64	90	9	coefficient	coefficient	NOUN
abr-64	90	10	(	(	PUNCT
abr-64	90	11	erc	erc	PROPN
abr-64	90	12	)	)	PUNCT
abr-64	90	13	.	.	PUNCT
abr-64	91	1	the	the	DET
abr-64	91	2	coefficients	coefficient	NOUN
abr-64	91	3	b4	b4	PROPN
abr-64	91	4	and	and	CCONJ
abr-64	91	5	b5	b5	PROPN
abr-64	91	6	are	be	AUX
abr-64	91	7	potential	potential	ADJ
abr-64	91	8	contributions	contribution	NOUN
abr-64	91	9	to	to	ADP
abr-64	91	10	the	the	DET
abr-64	91	11	erc	erc	PROPN
abr-64	91	12	.	.	PUNCT
abr-64	91	13	results	result	NOUN
abr-64	91	14	as	as	SCONJ
abr-64	91	15	indicated	indicate	VERB
abr-64	91	16	in	in	ADP
abr-64	91	17	table	table	NOUN
abr-64	91	18	3	3	NUM
abr-64	91	19	,	,	PUNCT
abr-64	91	20	the	the	DET
abr-64	91	21	coefficient	coefficient	NOUN
abr-64	91	22	representing	represent	VERB
abr-64	91	23	the	the	DET
abr-64	91	24	proxy	proxy	NOUN
abr-64	91	25	for	for	ADP
abr-64	91	26	wealth	wealth	NOUN
abr-64	91	27	for	for	ADP
abr-64	91	28	firms	firm	NOUN
abr-64	91	29	with	with	ADP
abr-64	91	30	multiple	multiple	ADJ
abr-64	91	31	stock	stock	NOUN
abr-64	91	32	splits	split	NOUN
abr-64	91	33	,	,	PUNCT
abr-64	91	34	b2	b2	NOUN
abr-64	91	35	,	,	PUNCT
abr-64	91	36	is	be	AUX
abr-64	91	37	significant	significant	ADJ
abr-64	91	38	.	.	PUNCT
abr-64	92	1	this	this	DET
abr-64	92	2	variable	variable	NOUN
abr-64	92	3	has	have	VERB
abr-64	92	4	a	a	DET
abr-64	92	5	value	value	NOUN
abr-64	92	6	of	of	ADP
abr-64	92	7	.23	.23	NUM
abr-64	92	8	with	with	ADP
abr-64	92	9	a	a	DET
abr-64	92	10	p	p	NOUN
abr-64	92	11	-	-	PUNCT
abr-64	92	12	value	value	NOUN
abr-64	92	13	of	of	ADP
abr-64	92	14	.01	.01	NUM
abr-64	92	15	.	.	PUNCT
abr-64	93	1	the	the	DET
abr-64	93	2	coefficient	coefficient	NOUN
abr-64	93	3	representing	represent	VERB
abr-64	93	4	the	the	DET
abr-64	93	5	proxy	proxy	NOUN
abr-64	93	6	for	for	ADP
abr-64	93	7	wealth	wealth	NOUN
abr-64	93	8	for	for	ADP
abr-64	93	9	firms	firm	NOUN
abr-64	93	10	with	with	ADP
abr-64	93	11	fewer	few	ADJ
abr-64	93	12	than	than	ADP
abr-64	93	13	2	2	NUM
abr-64	93	14	stock	stock	NOUN
abr-64	93	15	splits	split	VERB
abr-64	93	16	in	in	ADP
abr-64	93	17	the	the	DET
abr-64	93	18	retail	retail	ADJ
abr-64	93	19	trade	trade	NOUN
abr-64	93	20	industry	industry	NOUN
abr-64	93	21	,	,	PUNCT
abr-64	93	22	b1	b1	NOUN
abr-64	93	23	,	,	PUNCT
abr-64	93	24	does	do	AUX
abr-64	93	25	not	not	PART
abr-64	93	26	show	show	VERB
abr-64	93	27	significance	significance	NOUN
abr-64	93	28	at	at	ADP
abr-64	93	29	traditional	traditional	ADJ
abr-64	93	30	levels	level	NOUN
abr-64	93	31	with	with	ADP
abr-64	93	32	a	a	DET
abr-64	93	33	value	value	NOUN
abr-64	93	34	of	of	ADP
abr-64	93	35	.10	.10	NUM
abr-64	93	36	.	.	PUNCT
abr-64	93	37	table	table	NOUN
abr-64	93	38	3	3	NUM
abr-64	93	39	also	also	ADV
abr-64	93	40	shows	show	VERB
abr-64	93	41	that	that	SCONJ
abr-64	93	42	the	the	DET
abr-64	93	43	unexpected	unexpected	ADJ
abr-64	93	44	earnings	earning	NOUN
abr-64	93	45	variable	variable	NOUN
abr-64	93	46	,	,	PUNCT
abr-64	93	47	b3	b3	PROPN
abr-64	93	48	,	,	PUNCT
abr-64	93	49	has	have	VERB
abr-64	93	50	a	a	DET
abr-64	93	51	value	value	NOUN
abr-64	93	52	of.15	of.15	NOUN
abr-64	93	53	and	and	CCONJ
abr-64	93	54	is	be	AUX
abr-64	93	55	significant	significant	ADJ
abr-64	93	56	with	with	ADP
abr-64	93	57	a	a	DET
abr-64	93	58	p	p	NOUN
abr-64	93	59	-	-	PUNCT
abr-64	93	60	value	value	NOUN
abr-64	93	61	of	of	ADP
abr-64	93	62	.05	.05	NUM
abr-64	93	63	.	.	PUNCT
abr-64	94	1	results	result	NOUN
abr-64	94	2	of	of	ADP
abr-64	94	3	this	this	DET
abr-64	94	4	variable	variable	NOUN
abr-64	94	5	are	be	AUX
abr-64	94	6	the	the	DET
abr-64	94	7	same	same	ADJ
abr-64	94	8	as	as	ADP
abr-64	94	9	hypothesis	hypothesis	NOUN
abr-64	94	10	1	1	NUM
abr-64	94	11	.	.	PUNCT
abr-64	95	1	no	no	DET
abr-64	95	2	other	other	ADJ
abr-64	95	3	variables	variable	NOUN
abr-64	95	4	in	in	ADP
abr-64	95	5	the	the	DET
abr-64	95	6	model	model	NOUN
abr-64	95	7	were	be	AUX
abr-64	95	8	found	find	VERB
abr-64	95	9	to	to	PART
abr-64	95	10	contain	contain	VERB
abr-64	95	11	significance	significance	NOUN
abr-64	95	12	at	at	ADP
abr-64	95	13	traditional	traditional	ADJ
abr-64	95	14	levels	level	NOUN
abr-64	95	15	.	.	PUNCT
abr-64	96	1	the	the	DET
abr-64	96	2	results	result	NOUN
abr-64	96	3	from	from	ADP
abr-64	96	4	this	this	DET
abr-64	96	5	regression	regression	NOUN
abr-64	96	6	analysis	analysis	NOUN
abr-64	96	7	do	do	AUX
abr-64	96	8	not	not	PART
abr-64	96	9	support	support	VERB
abr-64	96	10	the	the	DET
abr-64	96	11	hypothesis	hypothesis	NOUN
abr-64	96	12	that	that	PRON
abr-64	96	13	information	information	NOUN
abr-64	96	14	content	content	NOUN
abr-64	96	15	of	of	ADP
abr-64	96	16	the	the	DET
abr-64	96	17	wealth	wealth	NOUN
abr-64	96	18	measure	measure	NOUN
abr-64	96	19	for	for	ADP
abr-64	96	20	firms	firm	NOUN
abr-64	96	21	with	with	ADP
abr-64	96	22	multiple	multiple	ADJ
abr-64	96	23	stock	stock	NOUN
abr-64	96	24	splits	split	NOUN
abr-64	96	25	is	be	AUX
abr-64	96	26	not	not	PART
abr-64	96	27	significantly	significantly	ADV
abr-64	96	28	different	different	ADJ
abr-64	96	29	than	than	ADP
abr-64	96	30	the	the	DET
abr-64	96	31	information	information	NOUN
abr-64	96	32	content	content	NOUN
abr-64	96	33	of	of	ADP
abr-64	96	34	the	the	DET
abr-64	96	35	wealth	wealth	NOUN
abr-64	96	36	measure	measure	NOUN
abr-64	96	37	for	for	ADP
abr-64	96	38	firms	firm	NOUN
abr-64	96	39	with	with	ADP
abr-64	96	40	fewer	few	ADJ
abr-64	96	41	than	than	ADP
abr-64	96	42	2	2	NUM
abr-64	96	43	stock	stock	NOUN
abr-64	96	44	splits	split	NOUN
abr-64	96	45	,	,	PUNCT
abr-64	96	46	and	and	CCONJ
abr-64	96	47	therefore	therefore	ADV
abr-64	96	48	,	,	PUNCT
abr-64	96	49	h2	h2	PROPN
abr-64	96	50	is	be	AUX
abr-64	96	51	rejected	reject	VERB
abr-64	96	52	.	.	PUNCT
abr-64	97	1	stunda	stunda	PROPN
abr-64	97	2	advances	advance	NOUN
abr-64	97	3	in	in	ADP
abr-64	97	4	business	business	NOUN
abr-64	97	5	research	research	NOUN
abr-64	97	6	2011	2011	NUM
abr-64	97	7	,	,	PUNCT
abr-64	97	8	vol	vol	NOUN
abr-64	97	9	.	.	PROPN
abr-64	98	1	2	2	NUM
abr-64	98	2	,	,	PUNCT
abr-64	98	3	no	no	INTJ
abr-64	98	4	.	.	NOUN
abr-64	98	5	1	1	NUM
abr-64	98	6	,	,	PUNCT
abr-64	98	7	203	203	NUM
abr-64	98	8	-	-	SYM
abr-64	98	9	209	209	NUM
abr-64	98	10	207	207	NUM
abr-64	98	11	in	in	ADP
abr-64	98	12	addition	addition	NOUN
abr-64	98	13	,	,	PUNCT
abr-64	98	14	an	an	DET
abr-64	98	15	assessment	assessment	NOUN
abr-64	98	16	of	of	ADP
abr-64	98	17	vip	vip	NOUN
abr-64	98	18	for	for	ADP
abr-64	98	19	multicollinearityin	multicollinearityin	NOUN
abr-64	99	1	the	the	DET
abr-64	99	2	hypothesis	hypothesis	NOUN
abr-64	99	3	resulted	result	VERB
abr-64	99	4	in	in	ADP
abr-64	99	5	a	a	DET
abr-64	99	6	vip	vip	NOUN
abr-64	99	7	value	value	NOUN
abr-64	99	8	of	of	ADP
abr-64	99	9	2.0	2.0	NUM
abr-64	99	10	,	,	PUNCT
abr-64	99	11	indicating	indicate	VERB
abr-64	99	12	non	non	NOUN
abr-64	99	13	-	-	NOUN
abr-64	99	14	presence	presence	NOUN
abr-64	99	15	of	of	ADP
abr-64	99	16	any	any	DET
abr-64	99	17	significant	significant	ADJ
abr-64	99	18	multicollinearity	multicollinearity	NOUN
abr-64	99	19	.	.	PUNCT
abr-64	100	1	table	table	NOUN
abr-64	100	2	3	3	NUM
abr-64	100	3	:	:	PUNCT
abr-64	100	4	test	test	NOUN
abr-64	100	5	of	of	ADP
abr-64	100	6	hypothesis	hypothesis	NOUN
abr-64	100	7	2	2	NUM
abr-64	100	8	sample	sample	NOUN
abr-64	100	9	period	period	NOUN
abr-64	100	10	1973	1973	NUM
abr-64	100	11	-	-	SYM
abr-64	100	12	2010	2010	NUM
abr-64	100	13	model	model	NOUN
abr-64	100	14	:	:	PUNCT
abr-64	100	15	carit	carit	NOUN
abr-64	100	16	=	=	PUNCT
abr-64	101	1	a	a	DET
abr-64	101	2	+	+	NUM
abr-64	101	3	b1wit	b1wit	NOUN
abr-64	101	4	+	+	CCONJ
abr-64	101	5	b2(dmwit	b2(dmwit	NOUN
abr-64	101	6	)	)	PUNCT
abr-64	102	1	+	+	CCONJ
abr-64	102	2	b3ueit	b3ueit	NOUN
abr-64	102	3	+	+	CCONJ
abr-64	102	4	b4bit	b4bit	NOUN
abr-64	102	5	+	+	CCONJ
abr-64	102	6	b5mvit	b5mvit	PROPN
abr-64	102	7	+	+	CCONJ
abr-64	102	8	eit	eit	DET
abr-64	102	9	a	a	DET
abr-64	102	10	b1	b1	NOUN
abr-64	102	11	b2	b2	NOUN
abr-64	102	12	b3	b3	PROPN
abr-64	102	13	b4	b4	PROPN
abr-64	102	14	b5	b5	PROPN
abr-64	102	15	adj	adj	PROPN
abr-64	102	16	.	.	PROPN
abr-64	103	1	r2	r2	PROPN
abr-64	103	2	.20	.20	NUM
abr-64	103	3	.10	.10	NUM
abr-64	103	4	.23	.23	NUM
abr-64	103	5	.15	.15	NUM
abr-64	103	6	.05	.05	NUM
abr-64	103	7	.08	.08	NUM
abr-64	103	8	.122	.122	NUM
abr-64	103	9	(	(	PUNCT
abr-64	103	10	.87	.87	NUM
abr-64	103	11	)	)	PUNCT
abr-64	103	12	(	(	PUNCT
abr-64	103	13	.67	.67	NUM
abr-64	103	14	)	)	PUNCT
abr-64	103	15	(	(	PUNCT
abr-64	103	16	2.64)c	2.64)c	X
abr-64	103	17	(	(	PUNCT
abr-64	103	18	2.11)b	2.11)b	NUM
abr-64	103	19	(	(	PUNCT
abr-64	103	20	.27	.27	NUM
abr-64	103	21	)	)	PUNCT
abr-64	103	22	(	(	PUNCT
abr-64	103	23	.39	.39	NUM
abr-64	103	24	)	)	PUNCT
abr-64	103	25	n	n	NOUN
abr-64	103	26	=	=	SYM
abr-64	103	27	18,500	18,500	NUM
abr-64	103	28	firm	firm	ADJ
abr-64	103	29	quarters	quarter	NOUN
abr-64	103	30	for	for	ADP
abr-64	103	31	firms	firm	NOUN
abr-64	103	32	with	with	ADP
abr-64	103	33	fewer	few	ADJ
abr-64	103	34	than	than	ADP
abr-64	103	35	2	2	NUM
abr-64	103	36	stock	stock	NOUN
abr-64	103	37	splits	split	NOUN
abr-64	103	38	(	(	PUNCT
abr-64	103	39	b1	b1	NOUN
abr-64	103	40	coefficient	coefficient	NOUN
abr-64	103	41	)	)	PUNCT
abr-64	103	42	n	n	NOUN
abr-64	103	43	=	=	SYM
abr-64	103	44	8,880	8,880	NUM
abr-64	103	45	firm	firm	ADJ
abr-64	103	46	quarters	quarter	NOUN
abr-64	103	47	for	for	ADP
abr-64	103	48	firms	firm	NOUN
abr-64	103	49	with	with	ADP
abr-64	103	50	multiple	multiple	ADJ
abr-64	103	51	stock	stock	NOUN
abr-64	103	52	splits	split	NOUN
abr-64	103	53	(	(	PUNCT
abr-64	103	54	b2	b2	NOUN
abr-64	103	55	coefficient	coefficient	NOUN
abr-64	103	56	)	)	PUNCT
abr-64	103	57	n	n	NOUN
abr-64	103	58	=	=	SYM
abr-64	103	59	27,380	27,380	NUM
abr-64	103	60	firm	firm	ADJ
abr-64	103	61	quarters	quarter	NOUN
abr-64	103	62	for	for	ADP
abr-64	103	63	all	all	DET
abr-64	103	64	firms	firm	NOUN
abr-64	103	65	in	in	ADP
abr-64	103	66	industry	industry	NOUN
abr-64	103	67	(	(	PUNCT
abr-64	103	68	b3	b3	PROPN
abr-64	103	69	coefficient	coefficient	PROPN
abr-64	103	70	)	)	PUNCT
abr-64	103	71	a	a	DET
abr-64	103	72	significant	significant	ADJ
abr-64	103	73	at	at	ADP
abr-64	103	74	the	the	DET
abr-64	103	75	.10	.10	NUM
abr-64	103	76	level	level	NOUN
abr-64	103	77	b	b	NOUN
abr-64	103	78	significant	significant	ADJ
abr-64	103	79	at	at	ADP
abr-64	103	80	the	the	DET
abr-64	103	81	.05	.05	NUM
abr-64	103	82	level	level	NOUN
abr-64	103	83	c	c	NOUN
abr-64	103	84	significant	significant	ADJ
abr-64	103	85	at	at	ADP
abr-64	103	86	the	the	DET
abr-64	103	87	.01	.01	NUM
abr-64	103	88	level	level	NOUN
abr-64	103	89	carit	carit	NOUN
abr-64	103	90	=	=	NOUN
abr-64	103	91	cumulative	cumulative	ADJ
abr-64	103	92	abnormal	abnormal	ADJ
abr-64	103	93	return	return	NOUN
abr-64	103	94	firm	firm	NOUN
abr-64	103	95	i	i	NOUN
abr-64	103	96	,	,	PUNCT
abr-64	103	97	time	time	NOUN
abr-64	103	98	t	t	PROPN
abr-64	103	99	a	a	DET
abr-64	103	100	=	=	PUNCT
abr-64	103	101	intercept	intercept	NOUN
abr-64	103	102	term	term	NOUN
abr-64	103	103	wit	wit	NOUN
abr-64	103	104	=	=	SYM
abr-64	103	105	wealth	wealth	NOUN
abr-64	103	106	measure	measure	NOUN
abr-64	103	107	proxied	proxie	VERB
abr-64	103	108	by	by	ADP
abr-64	103	109	book	book	NOUN
abr-64	103	110	value	value	NOUN
abr-64	103	111	per	per	ADP
abr-64	103	112	share	share	NOUN
abr-64	103	113	for	for	ADP
abr-64	103	114	firm	firm	ADJ
abr-64	103	115	i	i	NOUN
abr-64	103	116	,	,	PUNCT
abr-64	103	117	time	time	NOUN
abr-64	103	118	t	t	PROPN
abr-64	103	119	dm	dm	NOUN
abr-64	103	120	=	=	SYM
abr-64	103	121	dummy	dummy	ADJ
abr-64	103	122	variable	variable	NOUN
abr-64	103	123	equal	equal	ADJ
abr-64	103	124	to	to	ADP
abr-64	103	125	1	1	NUM
abr-64	103	126	if	if	SCONJ
abr-64	103	127	firms	firm	NOUN
abr-64	103	128	with	with	ADP
abr-64	103	129	multiple	multiple	ADJ
abr-64	103	130	stock	stock	NOUN
abr-64	103	131	splits	split	NOUN
abr-64	103	132	,	,	PUNCT
abr-64	103	133	0	0	NUM
abr-64	103	134	otherwise	otherwise	ADV
abr-64	103	135	ueit	ueit	NOUN
abr-64	103	136	=	=	PUNCT
abr-64	103	137	unexpected	unexpected	ADJ
abr-64	103	138	earnings	earning	NOUN
abr-64	103	139	for	for	ADP
abr-64	103	140	firm	firm	ADJ
abr-64	103	141	i	i	NOUN
abr-64	103	142	,	,	PUNCT
abr-64	103	143	time	time	NOUN
abr-64	103	144	t	t	NOUN
abr-64	103	145	bit	bit	NOUN
abr-64	103	146	=	=	SYM
abr-64	103	147	market	market	NOUN
abr-64	103	148	model	model	NOUN
abr-64	103	149	slope	slope	NOUN
abr-64	103	150	coefficient	coefficient	NOUN
abr-64	103	151	as	as	ADP
abr-64	103	152	proxy	proxy	NOUN
abr-64	103	153	for	for	ADP
abr-64	103	154	systematic	systematic	ADJ
abr-64	103	155	risk	risk	NOUN
abr-64	103	156	mvit	mvit	NOUN
abr-64	103	157	=	=	NOUN
abr-64	103	158	market	market	NOUN
abr-64	103	159	value	value	NOUN
abr-64	103	160	of	of	ADP
abr-64	103	161	equity	equity	NOUN
abr-64	103	162	as	as	ADP
abr-64	103	163	proxy	proxy	NOUN
abr-64	103	164	for	for	ADP
abr-64	103	165	firm	firm	ADJ
abr-64	103	166	size	size	NOUN
abr-64	104	1	eit	eit	NOUN
abr-64	104	2	=	=	NOUN
abr-64	104	3	error	error	NOUN
abr-64	104	4	term	term	NOUN
abr-64	104	5	for	for	ADP
abr-64	104	6	firm	firm	ADJ
abr-64	104	7	i	i	NOUN
abr-64	104	8	,	,	PUNCT
abr-64	104	9	time	time	NOUN
abr-64	104	10	t	t	PROPN
abr-64	104	11	firms	firm	NOUN
abr-64	104	12	with	with	ADP
abr-64	104	13	multiple	multiple	ADJ
abr-64	104	14	stock	stock	NOUN
abr-64	104	15	splits	split	VERB
abr-64	104	16	in	in	ADP
abr-64	104	17	comparison	comparison	NOUN
abr-64	104	18	to	to	ADP
abr-64	104	19	wal	wal	PROPN
abr-64	104	20	-	-	PROPN
abr-64	104	21	mart	mart	PROPN
abr-64	104	22	if	if	SCONJ
abr-64	104	23	the	the	DET
abr-64	104	24	wal	wal	PROPN
abr-64	104	25	-	-	PUNCT
abr-64	104	26	mart	mart	PROPN
abr-64	104	27	wealth	wealth	NOUN
abr-64	104	28	proxy	proxy	NOUN
abr-64	104	29	exerts	exert	VERB
abr-64	104	30	greater	great	ADJ
abr-64	104	31	influence	influence	NOUN
abr-64	104	32	on	on	ADP
abr-64	104	33	security	security	NOUN
abr-64	104	34	prices	price	NOUN
abr-64	104	35	than	than	ADP
abr-64	104	36	the	the	DET
abr-64	104	37	wealth	wealth	NOUN
abr-64	104	38	proxy	proxy	NOUN
abr-64	104	39	of	of	ADP
abr-64	104	40	all	all	DET
abr-64	104	41	other	other	ADJ
abr-64	104	42	firms	firm	NOUN
abr-64	104	43	in	in	ADP
abr-64	104	44	the	the	DET
abr-64	104	45	retail	retail	ADJ
abr-64	104	46	trade	trade	NOUN
abr-64	104	47	industry	industry	NOUN
abr-64	104	48	,	,	PUNCT
abr-64	104	49	as	as	SCONJ
abr-64	104	50	seen	see	VERB
abr-64	104	51	in	in	ADP
abr-64	104	52	hypothesis	hypothesis	NOUN
abr-64	104	53	1	1	NUM
abr-64	104	54	,	,	PUNCT
abr-64	104	55	it	it	PRON
abr-64	104	56	is	be	AUX
abr-64	104	57	possible	possible	ADJ
abr-64	104	58	that	that	SCONJ
abr-64	104	59	the	the	DET
abr-64	104	60	multiple	multiple	ADJ
abr-64	104	61	stock	stock	NOUN
abr-64	104	62	splits	split	NOUN
abr-64	104	63	of	of	ADP
abr-64	104	64	wal	wal	PROPN
abr-64	104	65	-	-	PUNCT
abr-64	104	66	mart	mart	PROPN
abr-64	104	67	may	may	AUX
abr-64	104	68	have	have	AUX
abr-64	104	69	played	play	VERB
abr-64	104	70	a	a	DET
abr-64	104	71	factor	factor	NOUN
abr-64	104	72	in	in	ADP
abr-64	104	73	the	the	DET
abr-64	104	74	results	result	NOUN
abr-64	104	75	.	.	PUNCT
abr-64	105	1	accordingly	accordingly	ADV
abr-64	105	2	,	,	PUNCT
abr-64	105	3	if	if	SCONJ
abr-64	105	4	multiple	multiple	ADJ
abr-64	105	5	stock	stock	NOUN
abr-64	105	6	split	split	NOUN
abr-64	105	7	firms	firm	NOUN
abr-64	105	8	’	'	PUNCT
abr-64	105	9	wealth	wealth	NOUN
abr-64	105	10	proxy	proxy	NOUN
abr-64	105	11	exerts	exert	VERB
abr-64	105	12	greater	great	ADJ
abr-64	105	13	influence	influence	NOUN
abr-64	105	14	on	on	ADP
abr-64	105	15	security	security	NOUN
abr-64	105	16	prices	price	NOUN
abr-64	105	17	than	than	ADP
abr-64	105	18	the	the	DET
abr-64	105	19	wealth	wealth	NOUN
abr-64	105	20	proxy	proxy	NOUN
abr-64	105	21	of	of	ADP
abr-64	105	22	all	all	DET
abr-64	105	23	other	other	ADJ
abr-64	105	24	firms	firm	NOUN
abr-64	105	25	in	in	ADP
abr-64	105	26	the	the	DET
abr-64	105	27	retail	retail	ADJ
abr-64	105	28	trade	trade	NOUN
abr-64	105	29	industry	industry	NOUN
abr-64	105	30	,	,	PUNCT
abr-64	105	31	as	as	SCONJ
abr-64	105	32	seen	see	VERB
abr-64	105	33	in	in	ADP
abr-64	105	34	hypothesis	hypothesis	NOUN
abr-64	105	35	2	2	NUM
abr-64	105	36	,	,	PUNCT
abr-64	105	37	one	one	PRON
abr-64	105	38	may	may	AUX
abr-64	105	39	again	again	ADV
abr-64	105	40	conclude	conclude	VERB
abr-64	105	41	that	that	SCONJ
abr-64	105	42	the	the	DET
abr-64	105	43	multiple	multiple	ADJ
abr-64	105	44	stock	stock	NOUN
abr-64	105	45	splits	split	NOUN
abr-64	105	46	may	may	AUX
abr-64	105	47	have	have	AUX
abr-64	105	48	played	play	VERB
abr-64	105	49	a	a	DET
abr-64	105	50	factor	factor	NOUN
abr-64	105	51	.	.	PUNCT
abr-64	106	1	the	the	DET
abr-64	106	2	final	final	ADJ
abr-64	106	3	comparison	comparison	NOUN
abr-64	106	4	is	be	AUX
abr-64	106	5	that	that	SCONJ
abr-64	106	6	between	between	ADP
abr-64	106	7	wal	wal	PROPN
abr-64	106	8	-	-	PROPN
abr-64	106	9	mart	mart	PROPN
abr-64	106	10	and	and	CCONJ
abr-64	106	11	other	other	ADJ
abr-64	106	12	firms	firm	NOUN
abr-64	106	13	with	with	ADP
abr-64	106	14	multiple	multiple	ADJ
abr-64	106	15	stock	stock	NOUN
abr-64	106	16	splits	split	NOUN
abr-64	106	17	.	.	PUNCT
abr-64	107	1	if	if	SCONJ
abr-64	107	2	multiple	multiple	ADJ
abr-64	107	3	stock	stock	NOUN
abr-64	107	4	splits	split	VERB
abr-64	107	5	,	,	PUNCT
abr-64	107	6	in	in	ADP
abr-64	107	7	general	general	ADJ
abr-64	107	8	,	,	PUNCT
abr-64	107	9	are	be	AUX
abr-64	107	10	associated	associate	VERB
abr-64	107	11	with	with	ADP
abr-64	107	12	security	security	NOUN
abr-64	107	13	prices	price	NOUN
abr-64	107	14	,	,	PUNCT
abr-64	107	15	and	and	CCONJ
abr-64	107	16	if	if	SCONJ
abr-64	107	17	wal	wal	PROPN
abr-64	107	18	-	-	PROPN
abr-64	107	19	mart	mart	NOUN
abr-64	107	20	and	and	CCONJ
abr-64	107	21	other	other	ADJ
abr-64	107	22	firms	firm	NOUN
abr-64	107	23	in	in	ADP
abr-64	107	24	the	the	DET
abr-64	107	25	retail	retail	ADJ
abr-64	107	26	trade	trade	NOUN
abr-64	107	27	industry	industry	NOUN
abr-64	107	28	with	with	ADP
abr-64	107	29	multiple	multiple	ADJ
abr-64	107	30	stock	stock	NOUN
abr-64	107	31	splits	split	NOUN
abr-64	107	32	have	have	VERB
abr-64	107	33	a	a	DET
abr-64	107	34	greater	great	ADJ
abr-64	107	35	influence	influence	NOUN
abr-64	107	36	on	on	ADP
abr-64	107	37	security	security	NOUN
abr-64	107	38	prices	price	NOUN
abr-64	107	39	than	than	SCONJ
abr-64	107	40	do	do	VERB
abr-64	107	41	firms	firm	NOUN
abr-64	107	42	without	without	ADP
abr-64	107	43	multiple	multiple	ADJ
abr-64	107	44	stock	stock	NOUN
abr-64	107	45	prices	price	NOUN
abr-64	107	46	,	,	PUNCT
abr-64	107	47	one	one	PRON
abr-64	107	48	might	might	AUX
abr-64	107	49	conclude	conclude	VERB
abr-64	107	50	that	that	SCONJ
abr-64	107	51	there	there	PRON
abr-64	107	52	is	be	VERB
abr-64	107	53	no	no	DET
abr-64	107	54	significant	significant	ADJ
abr-64	107	55	difference	difference	NOUN
abr-64	107	56	between	between	ADP
abr-64	107	57	walmart	walmart	PROPN
abr-64	107	58	and	and	CCONJ
abr-64	107	59	associated	associated	ADJ
abr-64	107	60	firms	firm	NOUN
abr-64	107	61	with	with	ADP
abr-64	107	62	multiple	multiple	ADJ
abr-64	107	63	stock	stock	NOUN
abr-64	107	64	splits	split	NOUN
abr-64	107	65	.	.	PUNCT
abr-64	108	1	this	this	DET
abr-64	108	2	notion	notion	NOUN
abr-64	108	3	suggests	suggest	VERB
abr-64	108	4	the	the	DET
abr-64	108	5	following	follow	VERB
abr-64	108	6	hypothesis	hypothesis	NOUN
abr-64	108	7	:	:	PUNCT
abr-64	108	8	h3	h3	VERB
abr-64	108	9	:	:	PUNCT
abr-64	108	10	the	the	DET
abr-64	108	11	information	information	NOUN
abr-64	108	12	content	content	NOUN
abr-64	108	13	of	of	ADP
abr-64	108	14	book	book	NOUN
abr-64	108	15	value	value	NOUN
abr-64	108	16	per	per	ADP
abr-64	108	17	share	share	NOUN
abr-64	108	18	(	(	PUNCT
abr-64	108	19	wealth	wealth	NOUN
abr-64	108	20	measure	measure	NOUN
abr-64	108	21	)	)	PUNCT
abr-64	108	22	for	for	ADP
abr-64	108	23	wal	wal	PROPN
abr-64	108	24	-	-	PUNCT
abr-64	108	25	mart	mart	PROPN
abr-64	108	26	is	be	AUX
abr-64	108	27	not	not	PART
abr-64	108	28	significantly	significantly	ADV
abr-64	108	29	different	different	ADJ
abr-64	108	30	from	from	ADP
abr-64	108	31	the	the	DET
abr-64	108	32	book	book	NOUN
abr-64	108	33	value	value	NOUN
abr-64	108	34	per	per	ADP
abr-64	108	35	share	share	NOUN
abr-64	108	36	of	of	ADP
abr-64	108	37	all	all	DET
abr-64	108	38	other	other	ADJ
abr-64	108	39	firms	firm	NOUN
abr-64	108	40	in	in	ADP
abr-64	108	41	the	the	DET
abr-64	108	42	retail	retail	ADJ
abr-64	108	43	trade	trade	NOUN
abr-64	108	44	industry	industry	NOUN
abr-64	108	45	with	with	ADP
abr-64	108	46	multiple	multiple	ADJ
abr-64	108	47	stock	stock	NOUN
abr-64	108	48	splits	split	NOUN
abr-64	108	49	.	.	PUNCT
abr-64	109	1	test	test	NOUN
abr-64	109	2	of	of	ADP
abr-64	109	3	hypothesis	hypothesis	NOUN
abr-64	109	4	the	the	DET
abr-64	109	5	following	follow	VERB
abr-64	109	6	regression	regression	NOUN
abr-64	109	7	is	be	AUX
abr-64	109	8	used	use	VERB
abr-64	109	9	to	to	PART
abr-64	109	10	test	test	VERB
abr-64	109	11	hypothesis	hypothesis	NOUN
abr-64	109	12	3	3	NUM
abr-64	109	13	:	:	PUNCT
abr-64	109	14	carit	carit	X
abr-64	109	15	=	=	PUNCT
abr-64	109	16	a	a	DET
abr-64	109	17	+	+	NUM
abr-64	109	18	b1wit	b1wit	NOUN
abr-64	109	19	+	+	CCONJ
abr-64	109	20	b2(dswit	b2(dswit	NOUN
abr-64	109	21	)	)	PUNCT
abr-64	110	1	+	+	NUM
abr-64	110	2	b3(dmwit	b3(dmwit	NUM
abr-64	110	3	)	)	PUNCT
abr-64	111	1	+	+	CCONJ
abr-64	111	2	b4ueit	b4ueit	ADP
abr-64	111	3	+	+	CCONJ
abr-64	111	4	b5bit	b5bit	NOUN
abr-64	112	1	+	+	CCONJ
abr-64	112	2	b6mvit	b6mvit	PROPN
abr-64	112	3	+	+	CCONJ
abr-64	112	4	eit	eit	INTJ
abr-64	112	5	where	where	SCONJ
abr-64	112	6	:	:	PUNCT
abr-64	112	7	carit	carit	NOUN
abr-64	112	8	=	=	SYM
abr-64	112	9	cumulative	cumulative	ADJ
abr-64	112	10	abnormal	abnormal	ADJ
abr-64	112	11	return	return	NOUN
abr-64	112	12	firm	firm	NOUN
abr-64	112	13	i	i	NOUN
abr-64	112	14	,	,	PUNCT
abr-64	112	15	time	time	NOUN
abr-64	112	16	t	t	PROPN
abr-64	112	17	a	a	DET
abr-64	112	18	=	=	PUNCT
abr-64	112	19	intercept	intercept	NOUN
abr-64	112	20	term	term	NOUN
abr-64	112	21	wit	wit	NOUN
abr-64	112	22	=	=	SYM
abr-64	112	23	wealth	wealth	NOUN
abr-64	112	24	measure	measure	NOUN
abr-64	112	25	proxied	proxie	VERB
abr-64	112	26	by	by	ADP
abr-64	112	27	book	book	NOUN
abr-64	112	28	value	value	NOUN
abr-64	112	29	per	per	ADP
abr-64	112	30	share	share	NOUN
abr-64	112	31	for	for	ADP
abr-64	112	32	firm	firm	ADJ
abr-64	112	33	i	i	NOUN
abr-64	112	34	,	,	PUNCT
abr-64	112	35	time	time	NOUN
abr-64	112	36	t	t	NOUN
abr-64	112	37	ds	ds	NOUN
abr-64	112	38	=	=	SYM
abr-64	112	39	dummy	dummy	ADJ
abr-64	112	40	variable	variable	NOUN
abr-64	112	41	equal	equal	ADJ
abr-64	112	42	to	to	ADP
abr-64	112	43	1	1	NUM
abr-64	112	44	if	if	SCONJ
abr-64	112	45	any	any	DET
abr-64	112	46	firm	firm	NOUN
abr-64	112	47	with	with	ADP
abr-64	112	48	multiple	multiple	ADJ
abr-64	112	49	stock	stock	NOUN
abr-64	112	50	splits	split	NOUN
abr-64	112	51	,	,	PUNCT
abr-64	112	52	0	0	NUM
abr-64	112	53	otherwise	otherwise	ADV
abr-64	112	54	dm	dm	PROPN
abr-64	112	55	=	=	PUNCT
abr-64	112	56	dummy	dummy	ADJ
abr-64	112	57	variable	variable	NOUN
abr-64	112	58	equal	equal	ADJ
abr-64	112	59	to	to	ADP
abr-64	112	60	1	1	NUM
abr-64	112	61	if	if	SCONJ
abr-64	112	62	wal	wal	PROPN
abr-64	112	63	-	-	PUNCT
abr-64	112	64	mart	mart	NOUN
abr-64	112	65	,	,	PUNCT
abr-64	112	66	0	0	NUM
abr-64	112	67	otherwise	otherwise	ADV
abr-64	112	68	ueit	ueit	NOUN
abr-64	112	69	=	=	PUNCT
abr-64	112	70	unexpected	unexpected	ADJ
abr-64	112	71	earnings	earning	NOUN
abr-64	112	72	for	for	ADP
abr-64	112	73	firm	firm	ADJ
abr-64	112	74	i	i	NOUN
abr-64	112	75	,	,	PUNCT
abr-64	112	76	time	time	NOUN
abr-64	112	77	t	t	NOUN
abr-64	112	78	bit	bit	NOUN
abr-64	112	79	=	=	SYM
abr-64	112	80	market	market	NOUN
abr-64	112	81	model	model	NOUN
abr-64	112	82	slope	slope	NOUN
abr-64	112	83	coefficient	coefficient	NOUN
abr-64	112	84	as	as	ADP
abr-64	112	85	proxy	proxy	NOUN
abr-64	112	86	for	for	ADP
abr-64	112	87	systematic	systematic	ADJ
abr-64	112	88	risk	risk	NOUN
abr-64	112	89	mvit	mvit	NOUN
abr-64	112	90	=	=	NOUN
abr-64	112	91	market	market	NOUN
abr-64	112	92	value	value	NOUN
abr-64	112	93	of	of	ADP
abr-64	112	94	equity	equity	NOUN
abr-64	112	95	as	as	ADP
abr-64	112	96	proxy	proxy	NOUN
abr-64	112	97	for	for	ADP
abr-64	112	98	firm	firm	ADJ
abr-64	112	99	size	size	NOUN
abr-64	113	1	eit	eit	NOUN
abr-64	113	2	=	=	NOUN
abr-64	113	3	error	error	NOUN
abr-64	113	4	term	term	NOUN
abr-64	113	5	for	for	ADP
abr-64	113	6	firm	firm	ADJ
abr-64	113	7	i	i	NOUN
abr-64	113	8	,	,	PUNCT
abr-64	113	9	time	time	PROPN
abr-64	113	10	t	t	PROPN
abr-64	113	11	stunda	stunda	PROPN
abr-64	113	12	advances	advance	NOUN
abr-64	113	13	in	in	ADP
abr-64	113	14	business	business	NOUN
abr-64	113	15	research	research	NOUN
abr-64	113	16	2011	2011	NUM
abr-64	113	17	,	,	PUNCT
abr-64	113	18	vol	vol	NOUN
abr-64	113	19	.	.	PROPN
abr-64	113	20	2	2	NUM
abr-64	113	21	,	,	PUNCT
abr-64	113	22	no	no	INTJ
abr-64	113	23	.	.	NOUN
abr-64	113	24	1	1	NUM
abr-64	113	25	,	,	PUNCT
abr-64	113	26	203	203	NUM
abr-64	113	27	-	-	SYM
abr-64	113	28	209	209	NUM
abr-64	113	29	208	208	NUM
abr-64	113	30	the	the	DET
abr-64	113	31	coefficient	coefficient	NOUN
abr-64	113	32	“	"	PUNCT
abr-64	113	33	a	a	DET
abr-64	113	34	”	"	PUNCT
abr-64	113	35	measures	measure	NOUN
abr-64	113	36	the	the	DET
abr-64	113	37	intercept	intercept	NOUN
abr-64	113	38	.	.	PUNCT
abr-64	114	1	the	the	DET
abr-64	114	2	coefficient	coefficient	NOUN
abr-64	114	3	b1	b1	NOUN
abr-64	114	4	is	be	AUX
abr-64	114	5	the	the	DET
abr-64	114	6	response	response	NOUN
abr-64	114	7	coefficient	coefficient	NOUN
abr-64	114	8	for	for	ADP
abr-64	114	9	measuring	measure	VERB
abr-64	114	10	the	the	DET
abr-64	114	11	effect	effect	NOUN
abr-64	114	12	of	of	ADP
abr-64	114	13	book	book	NOUN
abr-64	114	14	value	value	NOUN
abr-64	114	15	(	(	PUNCT
abr-64	114	16	wealth	wealth	NOUN
abr-64	114	17	)	)	PUNCT
abr-64	114	18	on	on	ADP
abr-64	114	19	security	security	NOUN
abr-64	114	20	prices	price	NOUN
abr-64	114	21	for	for	ADP
abr-64	114	22	all	all	DET
abr-64	114	23	firms	firm	NOUN
abr-64	114	24	in	in	ADP
abr-64	114	25	the	the	DET
abr-64	114	26	industry	industry	NOUN
abr-64	114	27	with	with	ADP
abr-64	114	28	fewer	few	ADJ
abr-64	114	29	than	than	ADP
abr-64	114	30	2	2	NUM
abr-64	114	31	stock	stock	NOUN
abr-64	114	32	splits	split	NOUN
abr-64	114	33	.	.	PUNCT
abr-64	115	1	the	the	DET
abr-64	115	2	coefficient	coefficient	NOUN
abr-64	115	3	b2	b2	NOUN
abr-64	115	4	is	be	AUX
abr-64	115	5	the	the	DET
abr-64	115	6	response	response	NOUN
abr-64	115	7	coefficient	coefficient	NOUN
abr-64	115	8	measuring	measure	VERB
abr-64	115	9	book	book	NOUN
abr-64	115	10	value	value	NOUN
abr-64	115	11	(	(	PUNCT
abr-64	115	12	wealth	wealth	NOUN
abr-64	115	13	)	)	PUNCT
abr-64	115	14	on	on	ADP
abr-64	115	15	security	security	NOUN
abr-64	115	16	prices	price	NOUN
abr-64	115	17	for	for	ADP
abr-64	115	18	industry	industry	NOUN
abr-64	115	19	firms	firm	NOUN
abr-64	115	20	with	with	ADP
abr-64	115	21	multiple	multiple	ADJ
abr-64	115	22	stock	stock	NOUN
abr-64	115	23	splits	split	NOUN
abr-64	115	24	.	.	PUNCT
abr-64	116	1	the	the	DET
abr-64	116	2	coefficient	coefficient	NOUN
abr-64	116	3	b3	b3	PROPN
abr-64	116	4	is	be	AUX
abr-64	116	5	the	the	DET
abr-64	116	6	response	response	NOUN
abr-64	116	7	coefficient	coefficient	NOUN
abr-64	116	8	measuring	measure	VERB
abr-64	116	9	book	book	NOUN
abr-64	116	10	value	value	NOUN
abr-64	116	11	(	(	PUNCT
abr-64	116	12	wealth	wealth	NOUN
abr-64	116	13	)	)	PUNCT
abr-64	116	14	on	on	ADP
abr-64	116	15	security	security	NOUN
abr-64	116	16	prices	price	NOUN
abr-64	116	17	for	for	ADP
abr-64	116	18	wal	wal	PROPN
abr-64	116	19	-	-	PUNCT
abr-64	116	20	mart	mart	NOUN
abr-64	116	21	.	.	PUNCT
abr-64	117	1	the	the	DET
abr-64	117	2	coefficient	coefficient	NOUN
abr-64	117	3	b4	b4	NOUN
abr-64	117	4	is	be	AUX
abr-64	117	5	the	the	DET
abr-64	117	6	traditional	traditional	ADJ
abr-64	117	7	earnings	earning	NOUN
abr-64	117	8	response	response	NOUN
abr-64	117	9	coefficient	coefficient	NOUN
abr-64	117	10	(	(	PUNCT
abr-64	117	11	erc	erc	PROPN
abr-64	117	12	)	)	PUNCT
abr-64	117	13	.	.	PUNCT
abr-64	118	1	the	the	DET
abr-64	118	2	coefficients	coefficient	NOUN
abr-64	118	3	b5	b5	PROPN
abr-64	118	4	and	and	CCONJ
abr-64	118	5	b6	b6	NOUN
abr-64	118	6	are	be	AUX
abr-64	118	7	potential	potential	ADJ
abr-64	118	8	contributions	contribution	NOUN
abr-64	118	9	to	to	ADP
abr-64	118	10	the	the	DET
abr-64	118	11	erc	erc	PROPN
abr-64	118	12	.	.	PUNCT
abr-64	118	13	results	result	NOUN
abr-64	118	14	as	as	SCONJ
abr-64	118	15	indicated	indicate	VERB
abr-64	118	16	in	in	ADP
abr-64	118	17	table	table	NOUN
abr-64	118	18	4	4	NUM
abr-64	118	19	,	,	PUNCT
abr-64	118	20	the	the	DET
abr-64	118	21	coefficient	coefficient	NOUN
abr-64	118	22	representing	represent	VERB
abr-64	118	23	the	the	DET
abr-64	118	24	proxy	proxy	NOUN
abr-64	118	25	for	for	ADP
abr-64	118	26	wealth	wealth	NOUN
abr-64	118	27	for	for	ADP
abr-64	118	28	all	all	DET
abr-64	118	29	firms	firm	NOUN
abr-64	118	30	with	with	ADP
abr-64	118	31	fewer	few	ADJ
abr-64	118	32	than	than	ADP
abr-64	118	33	two	two	NUM
abr-64	118	34	stock	stock	NOUN
abr-64	118	35	splits	split	NOUN
abr-64	118	36	,	,	PUNCT
abr-64	118	37	b1	b1	NOUN
abr-64	118	38	,	,	PUNCT
abr-64	118	39	is	be	AUX
abr-64	118	40	not	not	PART
abr-64	118	41	significant	significant	ADJ
abr-64	118	42	at	at	ADP
abr-64	118	43	traditional	traditional	ADJ
abr-64	118	44	levels	level	NOUN
abr-64	118	45	.	.	PUNCT
abr-64	119	1	this	this	DET
abr-64	119	2	variable	variable	NOUN
abr-64	119	3	has	have	VERB
abr-64	119	4	a	a	DET
abr-64	119	5	value	value	NOUN
abr-64	119	6	of	of	ADP
abr-64	119	7	.24	.24	NUM
abr-64	119	8	.	.	PUNCT
abr-64	120	1	the	the	DET
abr-64	120	2	coefficient	coefficient	NOUN
abr-64	120	3	representing	represent	VERB
abr-64	120	4	the	the	DET
abr-64	120	5	proxy	proxy	NOUN
abr-64	120	6	for	for	ADP
abr-64	120	7	wealth	wealth	NOUN
abr-64	120	8	for	for	ADP
abr-64	120	9	firms	firm	NOUN
abr-64	120	10	with	with	ADP
abr-64	120	11	multiple	multiple	ADJ
abr-64	120	12	stock	stock	NOUN
abr-64	120	13	splits	split	NOUN
abr-64	120	14	,	,	PUNCT
abr-64	120	15	b2	b2	NOUN
abr-64	120	16	,	,	PUNCT
abr-64	120	17	has	have	VERB
abr-64	120	18	a	a	DET
abr-64	120	19	value	value	NOUN
abr-64	120	20	of	of	ADP
abr-64	120	21	.20	.20	NUM
abr-64	120	22	and	and	CCONJ
abr-64	120	23	a	a	DET
abr-64	120	24	p	p	ADJ
abr-64	120	25	-	-	PUNCT
abr-64	120	26	value	value	NOUN
abr-64	120	27	of.10	of.10	NOUN
abr-64	120	28	.	.	PUNCT
abr-64	121	1	the	the	DET
abr-64	121	2	coefficient	coefficient	NOUN
abr-64	121	3	representing	represent	VERB
abr-64	121	4	the	the	DET
abr-64	121	5	proxy	proxy	NOUN
abr-64	121	6	for	for	ADP
abr-64	121	7	wealth	wealth	NOUN
abr-64	121	8	for	for	ADP
abr-64	121	9	wal	wal	PROPN
abr-64	121	10	-	-	PUNCT
abr-64	121	11	mart	mart	PROPN
abr-64	121	12	,	,	PUNCT
abr-64	121	13	b3	b3	PROPN
abr-64	121	14	,	,	PUNCT
abr-64	121	15	has	have	VERB
abr-64	121	16	a	a	DET
abr-64	121	17	value	value	NOUN
abr-64	121	18	of	of	ADP
abr-64	121	19	.27	.27	NUM
abr-64	121	20	and	and	CCONJ
abr-64	121	21	a	a	DET
abr-64	121	22	p	p	NOUN
abr-64	121	23	-	-	PUNCT
abr-64	121	24	value	value	NOUN
abr-64	121	25	of	of	ADP
abr-64	121	26	.01	.01	NUM
abr-64	121	27	.	.	PUNCT
abr-64	121	28	table	table	NOUN
abr-64	121	29	4	4	NUM
abr-64	121	30	also	also	ADV
abr-64	121	31	shows	show	VERB
abr-64	121	32	that	that	SCONJ
abr-64	121	33	the	the	DET
abr-64	121	34	unexpected	unexpected	ADJ
abr-64	121	35	earnings	earning	NOUN
abr-64	121	36	variable	variable	NOUN
abr-64	121	37	,	,	PUNCT
abr-64	121	38	b4	b4	PROPN
abr-64	121	39	,	,	PUNCT
abr-64	121	40	has	have	VERB
abr-64	121	41	a	a	DET
abr-64	121	42	value	value	NOUN
abr-64	121	43	of.15	of.15	NOUN
abr-64	121	44	and	and	CCONJ
abr-64	121	45	is	be	AUX
abr-64	121	46	significant	significant	ADJ
abr-64	121	47	with	with	ADP
abr-64	121	48	a	a	DET
abr-64	121	49	p	p	NOUN
abr-64	121	50	-	-	PUNCT
abr-64	121	51	value	value	NOUN
abr-64	121	52	of	of	ADP
abr-64	121	53	.05	.05	NUM
abr-64	121	54	.	.	PUNCT
abr-64	122	1	results	result	NOUN
abr-64	122	2	of	of	ADP
abr-64	122	3	this	this	DET
abr-64	122	4	variable	variable	NOUN
abr-64	122	5	are	be	AUX
abr-64	122	6	the	the	DET
abr-64	122	7	same	same	ADJ
abr-64	122	8	as	as	ADP
abr-64	122	9	hypothesis	hypothesis	NOUN
abr-64	122	10	1	1	NUM
abr-64	122	11	and	and	CCONJ
abr-64	122	12	2	2	NUM
abr-64	122	13	.	.	X
abr-64	123	1	no	no	DET
abr-64	123	2	other	other	ADJ
abr-64	123	3	variables	variable	NOUN
abr-64	123	4	in	in	ADP
abr-64	123	5	the	the	DET
abr-64	123	6	model	model	NOUN
abr-64	123	7	were	be	AUX
abr-64	123	8	found	find	VERB
abr-64	123	9	to	to	PART
abr-64	123	10	contain	contain	VERB
abr-64	123	11	significance	significance	NOUN
abr-64	123	12	at	at	ADP
abr-64	123	13	traditional	traditional	ADJ
abr-64	123	14	levels	level	NOUN
abr-64	123	15	.	.	PUNCT
abr-64	124	1	the	the	DET
abr-64	124	2	results	result	NOUN
abr-64	124	3	from	from	ADP
abr-64	124	4	this	this	DET
abr-64	124	5	regression	regression	NOUN
abr-64	124	6	analysis	analysis	NOUN
abr-64	124	7	do	do	AUX
abr-64	124	8	support	support	VERB
abr-64	124	9	the	the	DET
abr-64	124	10	hypothesis	hypothesis	NOUN
abr-64	124	11	that	that	PRON
abr-64	124	12	information	information	NOUN
abr-64	124	13	content	content	NOUN
abr-64	124	14	of	of	ADP
abr-64	124	15	the	the	DET
abr-64	124	16	wealth	wealth	NOUN
abr-64	124	17	measure	measure	NOUN
abr-64	124	18	for	for	ADP
abr-64	124	19	firms	firm	NOUN
abr-64	124	20	with	with	ADP
abr-64	124	21	multiple	multiple	ADJ
abr-64	124	22	stock	stock	NOUN
abr-64	124	23	splits	split	NOUN
abr-64	124	24	is	be	AUX
abr-64	124	25	not	not	PART
abr-64	124	26	significantly	significantly	ADV
abr-64	124	27	different	different	ADJ
abr-64	124	28	than	than	ADP
abr-64	124	29	the	the	DET
abr-64	124	30	information	information	NOUN
abr-64	124	31	content	content	NOUN
abr-64	124	32	of	of	ADP
abr-64	124	33	the	the	DET
abr-64	124	34	wealth	wealth	NOUN
abr-64	124	35	measure	measure	NOUN
abr-64	124	36	for	for	ADP
abr-64	124	37	wal	wal	PROPN
abr-64	124	38	-	-	PUNCT
abr-64	124	39	mart	mart	NOUN
abr-64	124	40	,	,	PUNCT
abr-64	124	41	and	and	CCONJ
abr-64	124	42	therefore	therefore	ADV
abr-64	124	43	,	,	PUNCT
abr-64	124	44	h3	h3	NOUN
abr-64	124	45	can	can	AUX
abr-64	124	46	not	not	PART
abr-64	124	47	be	be	AUX
abr-64	124	48	rejected	reject	VERB
abr-64	124	49	.	.	PUNCT
abr-64	125	1	in	in	ADP
abr-64	125	2	relating	relate	VERB
abr-64	125	3	wal	wal	PROPN
abr-64	125	4	-	-	PROPN
abr-64	125	5	mart	mart	NOUN
abr-64	125	6	to	to	ADP
abr-64	125	7	other	other	ADJ
abr-64	125	8	multi	multi	ADJ
abr-64	125	9	-	-	ADJ
abr-64	125	10	stock	stock	ADJ
abr-64	125	11	-	-	PUNCT
abr-64	125	12	split	split	NOUN
abr-64	125	13	firms	firm	NOUN
abr-64	125	14	,	,	PUNCT
abr-64	125	15	this	this	DET
abr-64	125	16	hypothesis	hypothesis	NOUN
abr-64	125	17	captures	capture	VERB
abr-64	125	18	a	a	DET
abr-64	125	19	unique	unique	ADJ
abr-64	125	20	effect	effect	NOUN
abr-64	125	21	that	that	SCONJ
abr-64	125	22	the	the	DET
abr-64	125	23	wealth	wealth	NOUN
abr-64	125	24	measure	measure	NOUN
abr-64	125	25	for	for	ADP
abr-64	125	26	wal	wal	PROPN
abr-64	125	27	-	-	PUNCT
abr-64	125	28	mart	mart	PROPN
abr-64	125	29	may	may	AUX
abr-64	125	30	have	have	AUX
abr-64	125	31	on	on	ADP
abr-64	125	32	stock	stock	NOUN
abr-64	125	33	prices	price	NOUN
abr-64	125	34	,	,	PUNCT
abr-64	125	35	namely	namely	ADV
abr-64	125	36	,	,	PUNCT
abr-64	125	37	because	because	SCONJ
abr-64	125	38	wal	wal	PROPN
abr-64	125	39	-	-	PUNCT
abr-64	125	40	mart	mart	PROPN
abr-64	125	41	has	have	AUX
abr-64	125	42	been	be	AUX
abr-64	125	43	so	so	ADV
abr-64	125	44	consistent	consistent	ADJ
abr-64	125	45	about	about	ADP
abr-64	125	46	splitting	split	VERB
abr-64	125	47	its	its	PRON
abr-64	125	48	stock	stock	NOUN
abr-64	125	49	relative	relative	ADJ
abr-64	125	50	to	to	ADP
abr-64	125	51	other	other	ADJ
abr-64	125	52	firms	firm	NOUN
abr-64	125	53	that	that	PRON
abr-64	125	54	also	also	ADV
abr-64	125	55	have	have	AUX
abr-64	125	56	split	split	VERB
abr-64	125	57	more	more	ADJ
abr-64	125	58	than	than	ADP
abr-64	125	59	once	once	ADV
abr-64	125	60	,	,	PUNCT
abr-64	125	61	wal	wal	PROPN
abr-64	125	62	-	-	PUNCT
abr-64	125	63	mart	mart	PROPN
abr-64	125	64	’s	’s	PART
abr-64	125	65	wealth	wealth	NOUN
abr-64	125	66	measure	measure	NOUN
abr-64	125	67	may	may	AUX
abr-64	125	68	be	be	AUX
abr-64	125	69	sending	send	VERB
abr-64	125	70	a	a	DET
abr-64	125	71	stronger	strong	ADJ
abr-64	125	72	signal	signal	NOUN
abr-64	125	73	to	to	ADP
abr-64	125	74	the	the	DET
abr-64	125	75	securities	security	NOUN
abr-64	125	76	market	market	NOUN
abr-64	125	77	than	than	ADP
abr-64	125	78	those	those	PRON
abr-64	125	79	of	of	ADP
abr-64	125	80	other	other	ADJ
abr-64	125	81	firms	firm	NOUN
abr-64	125	82	.	.	PUNCT
abr-64	126	1	thus	thus	ADV
abr-64	126	2	there	there	PRON
abr-64	126	3	may	may	AUX
abr-64	126	4	indeed	indeed	ADV
abr-64	126	5	exist	exist	VERB
abr-64	126	6	a	a	DET
abr-64	126	7	unique	unique	ADJ
abr-64	126	8	“	"	PUNCT
abr-64	126	9	wal	wal	ADJ
abr-64	126	10	-	-	ADJ
abr-64	126	11	mart	mart	ADJ
abr-64	126	12	effect	effect	NOUN
abr-64	126	13	.	.	PUNCT
abr-64	126	14	”	"	PUNCT
abr-64	127	1	the	the	DET
abr-64	127	2	vip	vip	NOUN
abr-64	127	3	multicollinearity	multicollinearity	NOUN
abr-64	127	4	factor	factor	NOUN
abr-64	127	5	was	be	AUX
abr-64	127	6	found	find	VERB
abr-64	127	7	to	to	PART
abr-64	127	8	be	be	AUX
abr-64	127	9	2.4	2.4	NUM
abr-64	127	10	among	among	ADP
abr-64	127	11	the	the	DET
abr-64	127	12	independent	independent	ADJ
abr-64	127	13	variables	variable	NOUN
abr-64	127	14	,	,	PUNCT
abr-64	127	15	indicating	indicate	VERB
abr-64	127	16	a	a	DET
abr-64	127	17	non	non	NOUN
abr-64	127	18	-	-	NOUN
abr-64	127	19	presence	presence	NOUN
abr-64	127	20	of	of	ADP
abr-64	127	21	any	any	DET
abr-64	127	22	significant	significant	ADJ
abr-64	127	23	multicollinearity	multicollinearity	NOUN
abr-64	127	24	.	.	PUNCT
abr-64	128	1	table	table	NOUN
abr-64	128	2	4	4	NUM
abr-64	128	3	:	:	PUNCT
abr-64	128	4	test	test	NOUN
abr-64	128	5	of	of	ADP
abr-64	128	6	hypothesis	hypothesis	NOUN
abr-64	128	7	3	3	NUM
abr-64	128	8	sample	sample	NOUN
abr-64	128	9	period	period	NOUN
abr-64	128	10	1973	1973	NUM
abr-64	128	11	-	-	SYM
abr-64	128	12	2010	2010	NUM
abr-64	128	13	model	model	NOUN
abr-64	128	14	:	:	PUNCT
abr-64	128	15	carit	carit	NOUN
abr-64	128	16	=	=	PUNCT
abr-64	129	1	a	a	DET
abr-64	129	2	+	+	NUM
abr-64	129	3	b1wit	b1wit	NOUN
abr-64	129	4	+	+	CCONJ
abr-64	129	5	b2(dswit	b2(dswit	NOUN
abr-64	129	6	)	)	PUNCT
abr-64	129	7	+	+	NUM
abr-64	129	8	b3(dmwit	b3(dmwit	NUM
abr-64	129	9	)	)	PUNCT
abr-64	130	1	+	+	CCONJ
abr-64	130	2	b4ueit	b4ueit	ADP
abr-64	130	3	+	+	CCONJ
abr-64	130	4	b5bit	b5bit	NOUN
abr-64	131	1	+	+	CCONJ
abr-64	131	2	b6mvit	b6mvit	PROPN
abr-64	131	3	+	+	CCONJ
abr-64	131	4	eit	eit	DET
abr-64	131	5	a	a	DET
abr-64	131	6	b1	b1	NOUN
abr-64	131	7	b2	b2	NOUN
abr-64	131	8	b3	b3	PROPN
abr-64	131	9	b4	b4	PROPN
abr-64	131	10	b5	b5	PROPN
abr-64	131	11	b6	b6	PROPN
abr-64	131	12	adj	adj	PROPN
abr-64	131	13	.	.	PROPN
abr-64	132	1	r2	r2	PROPN
abr-64	132	2	.08	.08	NUM
abr-64	132	3	.24	.24	NUM
abr-64	132	4	.20	.20	NUM
abr-64	132	5	.27	.27	NUM
abr-64	132	6	.15	.15	NUM
abr-64	132	7	.08	.08	NUM
abr-64	132	8	.11	.11	NUM
abr-64	132	9	.122	.122	NUM
abr-64	132	10	(	(	PUNCT
abr-64	132	11	.62	.62	NUM
abr-64	132	12	)	)	PUNCT
abr-64	132	13	(	(	PUNCT
abr-64	132	14	.76	.76	NUM
abr-64	132	15	)	)	PUNCT
abr-64	132	16	(	(	PUNCT
abr-64	132	17	1.63)c	1.63)c	NOUN
abr-64	132	18	(	(	PUNCT
abr-64	132	19	2.79)b	2.79)b	NOUN
abr-64	132	20	(	(	PUNCT
abr-64	132	21	2.11)b	2.11)b	NUM
abr-64	132	22	(	(	PUNCT
abr-64	132	23	.27	.27	NUM
abr-64	132	24	)	)	PUNCT
abr-64	132	25	(	(	PUNCT
abr-64	132	26	.39	.39	NUM
abr-64	132	27	)	)	PUNCT
abr-64	133	1	n	n	NOUN
abr-64	133	2	=	=	SYM
abr-64	133	3	18,500	18,500	NUM
abr-64	133	4	firm	firm	ADJ
abr-64	133	5	quarters	quarter	NOUN
abr-64	133	6	for	for	ADP
abr-64	133	7	firms	firm	NOUN
abr-64	133	8	with	with	ADP
abr-64	133	9	fewer	few	ADJ
abr-64	133	10	than	than	ADP
abr-64	133	11	2	2	NUM
abr-64	133	12	stock	stock	NOUN
abr-64	133	13	splits	split	NOUN
abr-64	133	14	(	(	PUNCT
abr-64	133	15	b1	b1	NOUN
abr-64	133	16	coefficient	coefficient	NOUN
abr-64	133	17	)	)	PUNCT
abr-64	133	18	n	n	NOUN
abr-64	133	19	=	=	SYM
abr-64	133	20	8,880	8,880	NUM
abr-64	133	21	firm	firm	ADJ
abr-64	133	22	quarters	quarter	NOUN
abr-64	133	23	for	for	ADP
abr-64	133	24	firms	firm	NOUN
abr-64	133	25	with	with	ADP
abr-64	133	26	multiple	multiple	ADJ
abr-64	133	27	stock	stock	NOUN
abr-64	133	28	splits	split	NOUN
abr-64	133	29	(	(	PUNCT
abr-64	133	30	b2	b2	NOUN
abr-64	133	31	coefficient	coefficient	NOUN
abr-64	133	32	)	)	PUNCT
abr-64	133	33	n	n	NOUN
abr-64	133	34	=	=	SYM
abr-64	133	35	148	148	NUM
abr-64	133	36	firm	firm	ADJ
abr-64	133	37	quarters	quarter	NOUN
abr-64	133	38	for	for	ADP
abr-64	133	39	wal	wal	PROPN
abr-64	133	40	-	-	PROPN
abr-64	133	41	mart	mart	PROPN
abr-64	133	42	(	(	PUNCT
abr-64	133	43	b3	b3	PROPN
abr-64	133	44	coefficient	coefficient	NOUN
abr-64	133	45	)	)	PUNCT
abr-64	133	46	n	n	NOUN
abr-64	133	47	=	=	SYM
abr-64	133	48	27,380	27,380	NUM
abr-64	133	49	firm	firm	ADJ
abr-64	133	50	quarters	quarter	NOUN
abr-64	133	51	for	for	ADP
abr-64	133	52	all	all	DET
abr-64	133	53	firms	firm	NOUN
abr-64	133	54	in	in	ADP
abr-64	133	55	industry	industry	NOUN
abr-64	133	56	(	(	PUNCT
abr-64	133	57	b4	b4	NOUN
abr-64	133	58	coefficient	coefficient	NOUN
abr-64	133	59	)	)	PUNCT
abr-64	133	60	a	a	DET
abr-64	133	61	significant	significant	ADJ
abr-64	133	62	at	at	ADP
abr-64	133	63	the	the	DET
abr-64	133	64	.10	.10	NUM
abr-64	133	65	level	level	NOUN
abr-64	133	66	b	b	NOUN
abr-64	133	67	significant	significant	ADJ
abr-64	133	68	at	at	ADP
abr-64	133	69	the	the	DET
abr-64	133	70	.05	.05	NUM
abr-64	133	71	level	level	NOUN
abr-64	133	72	c	c	NOUN
abr-64	133	73	significant	significant	ADJ
abr-64	133	74	at	at	ADP
abr-64	133	75	the	the	DET
abr-64	133	76	.01	.01	NUM
abr-64	133	77	level	level	NOUN
abr-64	133	78	carit	carit	NOUN
abr-64	133	79	=	=	NOUN
abr-64	133	80	cumulative	cumulative	ADJ
abr-64	133	81	abnormal	abnormal	ADJ
abr-64	133	82	return	return	NOUN
abr-64	133	83	firm	firm	NOUN
abr-64	133	84	i	i	NOUN
abr-64	133	85	,	,	PUNCT
abr-64	133	86	time	time	NOUN
abr-64	133	87	t	t	PROPN
abr-64	133	88	a	a	DET
abr-64	133	89	=	=	PUNCT
abr-64	133	90	intercept	intercept	NOUN
abr-64	133	91	term	term	NOUN
abr-64	133	92	wit	wit	NOUN
abr-64	133	93	=	=	SYM
abr-64	133	94	wealth	wealth	NOUN
abr-64	133	95	measure	measure	NOUN
abr-64	133	96	proxied	proxie	VERB
abr-64	133	97	by	by	ADP
abr-64	133	98	book	book	NOUN
abr-64	133	99	value	value	NOUN
abr-64	133	100	per	per	ADP
abr-64	133	101	share	share	NOUN
abr-64	133	102	for	for	ADP
abr-64	133	103	firm	firm	ADJ
abr-64	133	104	i	i	NOUN
abr-64	133	105	,	,	PUNCT
abr-64	133	106	time	time	NOUN
abr-64	133	107	t	t	NOUN
abr-64	133	108	ds	ds	NOUN
abr-64	133	109	=	=	SYM
abr-64	133	110	dummy	dummy	ADJ
abr-64	133	111	variable	variable	NOUN
abr-64	133	112	equal	equal	ADJ
abr-64	133	113	to	to	ADP
abr-64	133	114	firms	firm	NOUN
abr-64	133	115	with	with	ADP
abr-64	133	116	multiple	multiple	ADJ
abr-64	133	117	stock	stock	NOUN
abr-64	133	118	splits	split	NOUN
abr-64	133	119	,	,	PUNCT
abr-64	133	120	0	0	NUM
abr-64	133	121	otherwise	otherwise	ADV
abr-64	133	122	dm	dm	PROPN
abr-64	133	123	=	=	PUNCT
abr-64	133	124	dummy	dummy	ADJ
abr-64	133	125	variable	variable	NOUN
abr-64	133	126	equal	equal	ADJ
abr-64	133	127	to	to	ADP
abr-64	133	128	1	1	NUM
abr-64	133	129	if	if	SCONJ
abr-64	133	130	wal	wal	PROPN
abr-64	133	131	-	-	PUNCT
abr-64	133	132	mart	mart	NOUN
abr-64	133	133	,	,	PUNCT
abr-64	133	134	0	0	NUM
abr-64	133	135	otherwise	otherwise	ADV
abr-64	133	136	ueit	ueit	NOUN
abr-64	133	137	=	=	PUNCT
abr-64	133	138	unexpected	unexpected	ADJ
abr-64	133	139	earnings	earning	NOUN
abr-64	133	140	for	for	ADP
abr-64	133	141	firm	firm	ADJ
abr-64	133	142	i	i	NOUN
abr-64	133	143	,	,	PUNCT
abr-64	133	144	time	time	NOUN
abr-64	133	145	t	t	NOUN
abr-64	133	146	bit	bit	NOUN
abr-64	133	147	=	=	SYM
abr-64	133	148	market	market	NOUN
abr-64	133	149	model	model	NOUN
abr-64	133	150	slope	slope	NOUN
abr-64	133	151	coefficient	coefficient	NOUN
abr-64	133	152	as	as	ADP
abr-64	133	153	proxy	proxy	NOUN
abr-64	133	154	for	for	ADP
abr-64	133	155	systematic	systematic	ADJ
abr-64	133	156	risk	risk	NOUN
abr-64	133	157	mvit	mvit	NOUN
abr-64	133	158	=	=	NOUN
abr-64	133	159	market	market	NOUN
abr-64	133	160	value	value	NOUN
abr-64	133	161	of	of	ADP
abr-64	133	162	equity	equity	NOUN
abr-64	133	163	as	as	ADP
abr-64	133	164	proxy	proxy	NOUN
abr-64	133	165	for	for	ADP
abr-64	133	166	firm	firm	ADJ
abr-64	133	167	size	size	NOUN
abr-64	134	1	eit	eit	NOUN
abr-64	134	2	=	=	NOUN
abr-64	134	3	error	error	NOUN
abr-64	134	4	term	term	NOUN
abr-64	134	5	for	for	ADP
abr-64	134	6	firm	firm	ADJ
abr-64	134	7	i	i	NOUN
abr-64	134	8	,	,	PUNCT
abr-64	134	9	time	time	NOUN
abr-64	134	10	t	t	PROPN
abr-64	134	11	conclusions	conclusion	VERB
abr-64	134	12	recent	recent	PROPN
abr-64	134	13	penman	penman	PROPN
abr-64	134	14	et	et	PROPN
abr-64	134	15	al	al	PROPN
abr-64	134	16	studies	study	NOUN
abr-64	134	17	have	have	AUX
abr-64	134	18	shown	show	VERB
abr-64	134	19	ratios	ratio	NOUN
abr-64	134	20	to	to	PART
abr-64	134	21	have	have	VERB
abr-64	134	22	increasing	increase	VERB
abr-64	134	23	importance	importance	NOUN
abr-64	134	24	in	in	ADP
abr-64	134	25	relation	relation	NOUN
abr-64	134	26	to	to	ADP
abr-64	134	27	security	security	NOUN
abr-64	134	28	prices	price	NOUN
abr-64	134	29	.	.	PUNCT
abr-64	135	1	past	past	ADP
abr-64	135	2	research	research	NOUN
abr-64	135	3	(	(	PUNCT
abr-64	135	4	stunda	stunda	ADV
abr-64	135	5	)	)	PUNCT
abr-64	135	6	has	have	AUX
abr-64	135	7	used	use	VERB
abr-64	135	8	this	this	DET
abr-64	135	9	ratio	ratio	NOUN
abr-64	135	10	analysis	analysis	NOUN
abr-64	135	11	concept	concept	NOUN
abr-64	135	12	and	and	CCONJ
abr-64	135	13	singled	single	VERB
abr-64	135	14	out	out	ADP
abr-64	135	15	one	one	NUM
abr-64	135	16	firm	firm	NOUN
abr-64	135	17	in	in	ADP
abr-64	135	18	retail	retail	ADJ
abr-64	135	19	trade	trade	NOUN
abr-64	135	20	,	,	PUNCT
abr-64	135	21	wal	wal	PROPN
abr-64	135	22	-	-	PUNCT
abr-64	135	23	mart	mart	NOUN
abr-64	135	24	,	,	PUNCT
abr-64	135	25	as	as	ADP
abr-64	135	26	being	be	AUX
abr-64	135	27	exceptional	exceptional	ADJ
abr-64	135	28	among	among	ADP
abr-64	135	29	all	all	DET
abr-64	135	30	other	other	ADJ
abr-64	135	31	firms	firm	NOUN
abr-64	135	32	with	with	ADP
abr-64	135	33	respect	respect	NOUN
abr-64	135	34	to	to	ADP
abr-64	135	35	the	the	DET
abr-64	135	36	number	number	NOUN
abr-64	135	37	of	of	ADP
abr-64	135	38	stock	stock	NOUN
abr-64	135	39	splits	split	VERB
abr-64	135	40	that	that	SCONJ
abr-64	135	41	it	it	PRON
abr-64	135	42	has	have	AUX
abr-64	135	43	had	have	VERB
abr-64	135	44	during	during	ADP
abr-64	135	45	its	its	PRON
abr-64	135	46	corporate	corporate	ADJ
abr-64	135	47	life	life	NOUN
abr-64	135	48	.	.	PUNCT
abr-64	136	1	findings	finding	NOUN
abr-64	136	2	showed	show	VERB
abr-64	136	3	that	that	SCONJ
abr-64	136	4	wal	wal	PROPN
abr-64	136	5	-	-	PUNCT
abr-64	136	6	mart	mart	PROPN
abr-64	136	7	’s	’s	PART
abr-64	136	8	book	book	NOUN
abr-64	136	9	value	value	NOUN
abr-64	136	10	(	(	PUNCT
abr-64	136	11	proxy	proxy	NOUN
abr-64	136	12	for	for	ADP
abr-64	136	13	wealth	wealth	NOUN
abr-64	136	14	)	)	PUNCT
abr-64	136	15	possesses	possess	VERB
abr-64	136	16	information	information	NOUN
abr-64	136	17	content	content	NOUN
abr-64	136	18	relative	relative	ADJ
abr-64	136	19	to	to	ADP
abr-64	136	20	security	security	NOUN
abr-64	136	21	prices	price	NOUN
abr-64	136	22	beyond	beyond	ADP
abr-64	136	23	the	the	DET
abr-64	136	24	traditional	traditional	ADJ
abr-64	136	25	measure	measure	NOUN
abr-64	136	26	of	of	ADP
abr-64	136	27	unexpected	unexpected	ADJ
abr-64	136	28	earnings	earning	NOUN
abr-64	136	29	,	,	PUNCT
abr-64	136	30	stunda	stunda	ADV
abr-64	136	31	advances	advance	NOUN
abr-64	136	32	in	in	ADP
abr-64	136	33	business	business	NOUN
abr-64	136	34	research	research	NOUN
abr-64	136	35	2011	2011	NUM
abr-64	136	36	,	,	PUNCT
abr-64	136	37	vol	vol	NOUN
abr-64	136	38	.	.	PROPN
abr-64	136	39	2	2	NUM
abr-64	136	40	,	,	PUNCT
abr-64	136	41	no	no	INTJ
abr-64	136	42	.	.	NOUN
abr-64	136	43	1	1	NUM
abr-64	136	44	,	,	PUNCT
abr-64	136	45	203	203	NUM
abr-64	136	46	-	-	SYM
abr-64	136	47	209	209	NUM
abr-64	136	48	209	209	NUM
abr-64	136	49	possibly	possibly	ADV
abr-64	136	50	influenced	influence	VERB
abr-64	136	51	by	by	ADP
abr-64	136	52	the	the	DET
abr-64	136	53	number	number	NOUN
abr-64	136	54	of	of	ADP
abr-64	136	55	stock	stock	NOUN
abr-64	136	56	splits	split	NOUN
abr-64	136	57	.	.	PUNCT
abr-64	137	1	this	this	DET
abr-64	137	2	current	current	ADJ
abr-64	137	3	study	study	NOUN
abr-64	137	4	extends	extend	VERB
abr-64	137	5	prior	prior	ADJ
abr-64	137	6	research	research	NOUN
abr-64	137	7	and	and	CCONJ
abr-64	137	8	extends	extend	VERB
abr-64	137	9	the	the	DET
abr-64	137	10	comparison	comparison	NOUN
abr-64	137	11	of	of	ADP
abr-64	137	12	wal	wal	PROPN
abr-64	137	13	-	-	PROPN
abr-64	137	14	mart	mart	NOUN
abr-64	137	15	to	to	ADP
abr-64	137	16	other	other	ADJ
abr-64	137	17	firms	firm	NOUN
abr-64	137	18	in	in	ADP
abr-64	137	19	the	the	DET
abr-64	137	20	retail	retail	ADJ
abr-64	137	21	trade	trade	NOUN
abr-64	137	22	industry	industry	NOUN
abr-64	137	23	to	to	ADP
abr-64	137	24	a	a	DET
abr-64	137	25	greater	great	ADJ
abr-64	137	26	time	time	NOUN
abr-64	137	27	period	period	NOUN
abr-64	137	28	,	,	PUNCT
abr-64	137	29	1973	1973	NUM
abr-64	137	30	-	-	SYM
abr-64	137	31	2010	2010	NUM
abr-64	137	32	.	.	PUNCT
abr-64	138	1	when	when	SCONJ
abr-64	138	2	the	the	DET
abr-64	138	3	time	time	NOUN
abr-64	138	4	period	period	NOUN
abr-64	138	5	is	be	AUX
abr-64	138	6	extended	extend	VERB
abr-64	138	7	,	,	PUNCT
abr-64	138	8	results	result	NOUN
abr-64	138	9	show	show	VERB
abr-64	138	10	that	that	SCONJ
abr-64	138	11	wal	wal	PROPN
abr-64	138	12	-	-	PUNCT
abr-64	138	13	mart	mart	PROPN
abr-64	138	14	still	still	ADV
abr-64	138	15	seems	seem	VERB
abr-64	138	16	to	to	PART
abr-64	138	17	possess	possess	VERB
abr-64	138	18	an	an	DET
abr-64	138	19	advantage	advantage	NOUN
abr-64	138	20	,	,	PUNCT
abr-64	138	21	with	with	ADP
abr-64	138	22	respect	respect	NOUN
abr-64	138	23	to	to	ADP
abr-64	138	24	information	information	NOUN
abr-64	138	25	content	content	NOUN
abr-64	138	26	,	,	PUNCT
abr-64	138	27	over	over	ADP
abr-64	138	28	industry	industry	NOUN
abr-64	138	29	competitors	competitor	NOUN
abr-64	138	30	when	when	SCONJ
abr-64	138	31	associating	associate	VERB
abr-64	138	32	a	a	DET
abr-64	138	33	wealth	wealth	NOUN
abr-64	138	34	measure	measure	NOUN
abr-64	138	35	to	to	ADP
abr-64	138	36	security	security	NOUN
abr-64	138	37	prices	price	NOUN
abr-64	138	38	.	.	PUNCT
abr-64	139	1	wal	wal	PROPN
abr-64	139	2	-	-	PUNCT
abr-64	139	3	mart	mart	PROPN
abr-64	139	4	’s	’s	PART
abr-64	139	5	wealth	wealth	NOUN
abr-64	139	6	measure	measure	NOUN
abr-64	139	7	is	be	AUX
abr-64	139	8	found	find	VERB
abr-64	139	9	to	to	PART
abr-64	139	10	possess	possess	VERB
abr-64	139	11	significance	significance	NOUN
abr-64	139	12	relative	relative	ADJ
abr-64	139	13	to	to	ADP
abr-64	139	14	security	security	NOUN
abr-64	139	15	prices	price	NOUN
abr-64	139	16	while	while	SCONJ
abr-64	139	17	the	the	DET
abr-64	139	18	other	other	ADJ
abr-64	139	19	firms	firm	NOUN
abr-64	139	20	do	do	AUX
abr-64	139	21	not	not	PART
abr-64	139	22	display	display	VERB
abr-64	139	23	significance	significance	NOUN
abr-64	139	24	at	at	ADP
abr-64	139	25	traditional	traditional	ADJ
abr-64	139	26	levels	level	NOUN
abr-64	139	27	.	.	PUNCT
abr-64	140	1	this	this	DET
abr-64	140	2	study	study	NOUN
abr-64	140	3	also	also	ADV
abr-64	140	4	evaluated	evaluate	VERB
abr-64	140	5	firms	firm	NOUN
abr-64	140	6	in	in	ADP
abr-64	140	7	the	the	DET
abr-64	140	8	retail	retail	ADJ
abr-64	140	9	trade	trade	NOUN
abr-64	140	10	industry	industry	NOUN
abr-64	140	11	with	with	ADP
abr-64	140	12	multiple	multiple	ADJ
abr-64	140	13	stock	stock	NOUN
abr-64	140	14	splits	split	NOUN
abr-64	140	15	(	(	PUNCT
abr-64	140	16	i.e.	i.e.	X
abr-64	140	17	,	,	PUNCT
abr-64	140	18	greater	great	ADJ
abr-64	140	19	than	than	ADP
abr-64	140	20	1	1	NUM
abr-64	140	21	)	)	PUNCT
abr-64	140	22	relative	relative	ADJ
abr-64	140	23	to	to	ADP
abr-64	140	24	firms	firm	NOUN
abr-64	140	25	in	in	ADP
abr-64	140	26	the	the	DET
abr-64	140	27	same	same	ADJ
abr-64	140	28	industry	industry	NOUN
abr-64	140	29	with	with	ADP
abr-64	140	30	0	0	NUM
abr-64	140	31	or	or	CCONJ
abr-64	140	32	1	1	NUM
abr-64	140	33	stock	stock	NOUN
abr-64	140	34	split	split	VERB
abr-64	140	35	over	over	ADP
abr-64	140	36	the	the	DET
abr-64	140	37	same	same	ADJ
abr-64	140	38	study	study	NOUN
abr-64	140	39	period	period	NOUN
abr-64	140	40	.	.	PUNCT
abr-64	141	1	results	result	NOUN
abr-64	141	2	indicate	indicate	VERB
abr-64	141	3	that	that	SCONJ
abr-64	141	4	,	,	PUNCT
abr-64	141	5	from	from	ADP
abr-64	141	6	a	a	DET
abr-64	141	7	perspective	perspective	NOUN
abr-64	141	8	similar	similar	ADJ
abr-64	141	9	to	to	ADP
abr-64	141	10	wal	wal	PROPN
abr-64	141	11	-	-	PUNCT
abr-64	141	12	mart	mart	ADJ
abr-64	141	13	,	,	PUNCT
abr-64	141	14	multiple	multiple	ADJ
abr-64	141	15	stock	stock	NOUN
abr-64	141	16	split	split	NOUN
abr-64	141	17	firms	firm	NOUN
abr-64	141	18	’	'	PUNCT
abr-64	141	19	wealth	wealth	NOUN
abr-64	141	20	measure	measure	NOUN
abr-64	141	21	contains	contain	VERB
abr-64	141	22	significant	significant	ADJ
abr-64	141	23	information	information	NOUN
abr-64	141	24	content	content	NOUN
abr-64	141	25	relative	relative	ADJ
abr-64	141	26	to	to	ADP
abr-64	141	27	security	security	NOUN
abr-64	141	28	prices	price	NOUN
abr-64	141	29	while	while	SCONJ
abr-64	141	30	firms	firm	NOUN
abr-64	141	31	with	with	ADP
abr-64	141	32	0	0	NUM
abr-64	141	33	or	or	CCONJ
abr-64	141	34	1	1	NUM
abr-64	141	35	stock	stock	NOUN
abr-64	141	36	split	split	NOUN
abr-64	141	37	do	do	AUX
abr-64	141	38	not	not	PART
abr-64	141	39	contain	contain	VERB
abr-64	141	40	significant	significant	ADJ
abr-64	141	41	information	information	NOUN
abr-64	141	42	content	content	NOUN
abr-64	141	43	at	at	ADP
abr-64	141	44	traditional	traditional	ADJ
abr-64	141	45	levels	level	NOUN
abr-64	141	46	.	.	PUNCT
abr-64	142	1	in	in	ADP
abr-64	142	2	addition	addition	NOUN
abr-64	142	3	,	,	PUNCT
abr-64	142	4	when	when	SCONJ
abr-64	142	5	multiple	multiple	ADJ
abr-64	142	6	stock	stock	NOUN
abr-64	142	7	split	split	NOUN
abr-64	142	8	firms	firm	NOUN
abr-64	142	9	were	be	AUX
abr-64	142	10	compared	compare	VERB
abr-64	142	11	to	to	ADP
abr-64	142	12	wal	wal	PROPN
abr-64	142	13	-	-	PUNCT
abr-64	142	14	mart	mart	NOUN
abr-64	142	15	,	,	PUNCT
abr-64	142	16	both	both	DET
abr-64	142	17	groups	group	NOUN
abr-64	142	18	’	'	PUNCT
abr-64	142	19	wealth	wealth	NOUN
abr-64	142	20	measure	measure	NOUN
abr-64	142	21	exhibited	exhibit	VERB
abr-64	142	22	significant	significant	ADJ
abr-64	142	23	information	information	NOUN
abr-64	142	24	content	content	NOUN
abr-64	142	25	relative	relative	ADJ
abr-64	142	26	to	to	ADP
abr-64	142	27	security	security	NOUN
abr-64	142	28	prices	price	NOUN
abr-64	142	29	.	.	PUNCT
abr-64	143	1	it	it	PRON
abr-64	143	2	may	may	AUX
abr-64	143	3	be	be	AUX
abr-64	143	4	concluded	conclude	VERB
abr-64	143	5	that	that	SCONJ
abr-64	143	6	from	from	ADP
abr-64	143	7	the	the	DET
abr-64	143	8	perspective	perspective	NOUN
abr-64	143	9	of	of	ADP
abr-64	143	10	firms	firm	NOUN
abr-64	143	11	with	with	ADP
abr-64	143	12	multiple	multiple	ADJ
abr-64	143	13	stock	stock	NOUN
abr-64	143	14	splits	split	NOUN
abr-64	143	15	,	,	PUNCT
abr-64	143	16	information	information	NOUN
abr-64	143	17	content	content	NOUN
abr-64	143	18	of	of	ADP
abr-64	143	19	wealth	wealth	NOUN
abr-64	143	20	generation	generation	NOUN
abr-64	143	21	plays	play	VERB
abr-64	143	22	a	a	DET
abr-64	143	23	significant	significant	ADJ
abr-64	143	24	role	role	NOUN
abr-64	143	25	relative	relative	ADJ
abr-64	143	26	to	to	ADP
abr-64	143	27	security	security	NOUN
abr-64	143	28	prices	price	NOUN
abr-64	143	29	.	.	PUNCT
abr-64	144	1	in	in	ADP
abr-64	144	2	addition	addition	NOUN
abr-64	144	3	,	,	PUNCT
abr-64	144	4	wal	wal	PROPN
abr-64	144	5	-	-	PUNCT
abr-64	144	6	mart	mart	PROPN
abr-64	144	7	continues	continue	VERB
abr-64	144	8	to	to	PART
abr-64	144	9	exhibit	exhibit	VERB
abr-64	144	10	an	an	DET
abr-64	144	11	effect	effect	NOUN
abr-64	144	12	of	of	ADP
abr-64	144	13	its	its	PRON
abr-64	144	14	own	own	ADJ
abr-64	144	15	to	to	ADP
abr-64	144	16	the	the	DET
abr-64	144	17	securities	security	NOUN
abr-64	144	18	market	market	NOUN
abr-64	144	19	.	.	PUNCT
abr-64	145	1	these	these	DET
abr-64	145	2	findings	finding	NOUN
abr-64	145	3	have	have	VERB
abr-64	145	4	potential	potential	ADJ
abr-64	145	5	implication	implication	NOUN
abr-64	145	6	to	to	ADP
abr-64	145	7	security	security	NOUN
abr-64	145	8	traders	trader	NOUN
abr-64	145	9	and	and	CCONJ
abr-64	145	10	corporate	corporate	ADJ
abr-64	145	11	managers	manager	NOUN
abr-64	145	12	,	,	PUNCT
abr-64	145	13	namely	namely	ADV
abr-64	145	14	,	,	PUNCT
abr-64	145	15	firms	firm	NOUN
abr-64	145	16	with	with	ADP
abr-64	145	17	multiple	multiple	ADJ
abr-64	145	18	stock	stock	NOUN
abr-64	145	19	splits	split	NOUN
abr-64	145	20	have	have	VERB
abr-64	145	21	a	a	DET
abr-64	145	22	greater	great	ADJ
abr-64	145	23	influence	influence	NOUN
abr-64	145	24	on	on	ADP
abr-64	145	25	their	their	PRON
abr-64	145	26	security	security	NOUN
abr-64	145	27	prices	price	NOUN
abr-64	145	28	than	than	ADP
abr-64	145	29	firms	firm	NOUN
abr-64	145	30	with	with	ADP
abr-64	145	31	one	one	NUM
abr-64	145	32	or	or	CCONJ
abr-64	145	33	no	no	PRON
abr-64	145	34	stock	stock	NOUN
abr-64	145	35	splits	split	VERB
abr-64	145	36	.	.	PUNCT
abr-64	146	1	references	reference	NOUN
abr-64	146	2	ball	ball	PROPN
abr-64	146	3	,	,	PUNCT
abr-64	146	4	r.	r.	PROPN
abr-64	146	5	,	,	PUNCT
abr-64	146	6	&	&	CCONJ
abr-64	146	7	brown	brown	PROPN
abr-64	146	8	,	,	PUNCT
abr-64	146	9	p.	p.	NOUN
abr-64	146	10	1968	1968	NUM
abr-64	146	11	.	.	PUNCT
abr-64	147	1	an	an	DET
abr-64	147	2	empirical	empirical	ADJ
abr-64	147	3	evaluation	evaluation	NOUN
abr-64	147	4	of	of	ADP
abr-64	147	5	accounting	accounting	NOUN
abr-64	147	6	income	income	NOUN
abr-64	147	7	numbers	number	NOUN
abr-64	147	8	.	.	PUNCT
abr-64	148	1	journal	journal	NOUN
abr-64	148	2	of	of	ADP
abr-64	148	3	accounting	accounting	NOUN
abr-64	148	4	research	research	NOUN
abr-64	148	5	,	,	PUNCT
abr-64	148	6	6	6	NUM
abr-64	148	7	:	:	SYM
abr-64	148	8	159	159	NUM
abr-64	148	9	-	-	SYM
abr-64	148	10	178	178	NUM
abr-64	148	11	.	.	PUNCT
abr-64	149	1	desai	desai	PROPN
abr-64	149	2	,	,	PUNCT
abr-64	149	3	h.	h.	PROPN
abr-64	149	4	,	,	PUNCT
abr-64	149	5	&	&	CCONJ
abr-64	149	6	jain	jain	PROPN
abr-64	149	7	,	,	PUNCT
abr-64	149	8	p.	p.	NOUN
abr-64	149	9	1997	1997	NUM
abr-64	149	10	.	.	PUNCT
abr-64	150	1	long	long	ADV
abr-64	150	2	run	run	VERB
abr-64	150	3	common	common	ADJ
abr-64	150	4	stock	stock	NOUN
abr-64	150	5	returns	return	NOUN
abr-64	150	6	and	and	CCONJ
abr-64	150	7	splits	split	VERB
abr-64	150	8	.	.	PUNCT
abr-64	151	1	journal	journal	NOUN
abr-64	151	2	of	of	ADP
abr-64	151	3	business	business	NOUN
abr-64	151	4	,	,	PUNCT
abr-64	151	5	70	70	NUM
abr-64	151	6	:	:	PUNCT
abr-64	151	7	409	409	NUM
abr-64	151	8	-	-	SYM
abr-64	151	9	433	433	NUM
abr-64	151	10	.	.	PUNCT
abr-64	152	1	fama	fama	PROPN
abr-64	152	2	,	,	PUNCT
abr-64	152	3	e.	e.	PROPN
abr-64	152	4	1998	1998	NUM
abr-64	152	5	.	.	PUNCT
abr-64	153	1	market	market	NOUN
abr-64	153	2	efficiency	efficiency	NOUN
abr-64	153	3	and	and	CCONJ
abr-64	153	4	longer	long	ADJ
abr-64	153	5	term	term	NOUN
abr-64	153	6	studies	study	NOUN
abr-64	153	7	.	.	PUNCT
abr-64	154	1	journal	journal	PROPN
abr-64	154	2	of	of	ADP
abr-64	154	3	financial	financial	ADJ
abr-64	154	4	economics	economic	NOUN
abr-64	154	5	,	,	PUNCT
abr-64	154	6	49	49	NUM
abr-64	154	7	:	:	PUNCT
abr-64	154	8	283	283	NUM
abr-64	154	9	-	-	SYM
abr-64	154	10	306	306	NUM
abr-64	154	11	.	.	PUNCT
abr-64	155	1	lakonishok	lakonishok	PROPN
abr-64	155	2	,	,	PUNCT
abr-64	155	3	j.	j.	PROPN
abr-64	155	4	,	,	PUNCT
abr-64	155	5	&	&	CCONJ
abr-64	155	6	vermaelen	vermaelen	PROPN
abr-64	155	7	,	,	PUNCT
abr-64	155	8	t.	t.	PROPN
abr-64	155	9	1990	1990	NUM
abr-64	155	10	.	.	PUNCT
abr-64	156	1	price	price	NOUN
abr-64	156	2	behavior	behavior	NOUN
abr-64	156	3	around	around	ADP
abr-64	156	4	repurchase	repurchase	VERB
abr-64	156	5	tender	tender	NOUN
abr-64	156	6	offers	offer	NOUN
abr-64	156	7	.	.	PUNCT
abr-64	157	1	journal	journal	PROPN
abr-64	157	2	of	of	ADP
abr-64	157	3	finance	finance	NOUN
abr-64	157	4	,	,	PUNCT
abr-64	157	5	45	45	NUM
abr-64	157	6	:	:	SYM
abr-64	157	7	455	455	NUM
abr-64	157	8	-	-	SYM
abr-64	157	9	477	477	NUM
abr-64	157	10	.	.	PUNCT
abr-64	158	1	nissim	nissim	PROPN
abr-64	158	2	,	,	PUNCT
abr-64	158	3	d.	d.	PROPN
abr-64	158	4	,	,	PUNCT
abr-64	158	5	&	&	CCONJ
abr-64	158	6	penman	penman	PROPN
abr-64	158	7	,	,	PUNCT
abr-64	158	8	s.	s.	PROPN
abr-64	158	9	2001	2001	NUM
abr-64	158	10	.	.	PUNCT
abr-64	159	1	ratio	ratio	NOUN
abr-64	159	2	analysis	analysis	NOUN
abr-64	159	3	and	and	CCONJ
abr-64	159	4	equity	equity	NOUN
abr-64	159	5	valuation	valuation	NOUN
abr-64	159	6	:	:	PUNCT
abr-64	159	7	from	from	ADP
abr-64	159	8	research	research	NOUN
abr-64	159	9	to	to	ADP
abr-64	159	10	practice	practice	NOUN
abr-64	159	11	.	.	PUNCT
abr-64	160	1	review	review	NOUN
abr-64	160	2	of	of	ADP
abr-64	160	3	accounting	accounting	NOUN
abr-64	160	4	studies	study	NOUN
abr-64	160	5	,	,	PUNCT
abr-64	160	6	6	6	NUM
abr-64	160	7	:	:	SYM
abr-64	160	8	109	109	NUM
abr-64	160	9	-	-	SYM
abr-64	160	10	154	154	NUM
abr-64	160	11	.	.	PUNCT
abr-64	161	1	nissim	nissim	PROPN
abr-64	161	2	,	,	PUNCT
abr-64	161	3	d.	d.	PROPN
abr-64	161	4	,	,	PUNCT
abr-64	161	5	&	&	CCONJ
abr-64	161	6	penman	penman	PROPN
abr-64	161	7	,	,	PUNCT
abr-64	161	8	s.	s.	PROPN
abr-64	161	9	2005	2005	NUM
abr-64	161	10	.	.	PUNCT
abr-64	162	1	ratio	ratio	NOUN
abr-64	162	2	analysis	analysis	NOUN
abr-64	162	3	and	and	CCONJ
abr-64	162	4	equity	equity	NOUN
abr-64	162	5	valuation	valuation	NOUN
abr-64	162	6	.	.	PUNCT
abr-64	163	1	columbia	columbia	PROPN
abr-64	163	2	school	school	PROPN
abr-64	163	3	of	of	ADP
abr-64	163	4	business	business	NOUN
abr-64	163	5	.	.	PUNCT
abr-64	164	1	penman	penman	PROPN
abr-64	164	2	,	,	PUNCT
abr-64	164	3	s.	s.	PROPN
abr-64	164	4	,	,	PUNCT
abr-64	164	5	&	&	CCONJ
abr-64	164	6	zhang	zhang	PROPN
abr-64	164	7	,	,	PUNCT
abr-64	164	8	x.	x.	NOUN
abr-64	164	9	2005	2005	NUM
abr-64	164	10	.	.	PUNCT
abr-64	165	1	modeling	model	VERB
abr-64	165	2	sustainable	sustainable	ADJ
abr-64	165	3	earnings	earning	NOUN
abr-64	165	4	and	and	CCONJ
abr-64	165	5	p	p	NOUN
abr-64	165	6	/	/	SYM
abr-64	165	7	e	e	NOUN
abr-64	165	8	ratios	ratio	NOUN
abr-64	165	9	using	use	VERB
abr-64	165	10	financial	financial	ADJ
abr-64	165	11	information	information	NOUN
abr-64	165	12	.	.	PUNCT
abr-64	166	1	columbia	columbia	PROPN
abr-64	166	2	business	business	PROPN
abr-64	166	3	school	school	PROPN
abr-64	166	4	.	.	PUNCT
abr-64	167	1	stunda	stunda	PROPN
abr-64	167	2	r.	r.	PROPN
abr-64	167	3	2008	2008	NUM
abr-64	167	4	.	.	PUNCT
abr-64	168	1	the	the	DET
abr-64	168	2	wal	wal	PROPN
abr-64	168	3	-	-	ADJ
abr-64	168	4	mart	mart	ADJ
abr-64	168	5	effect	effect	NOUN
abr-64	168	6	on	on	ADP
abr-64	168	7	the	the	DET
abr-64	168	8	securities	security	NOUN
abr-64	168	9	market	market	NOUN
abr-64	168	10	,	,	PUNCT
abr-64	168	11	academy	academy	NOUN
abr-64	168	12	of	of	ADP
abr-64	168	13	accounting	accounting	NOUN
abr-64	168	14	and	and	CCONJ
abr-64	168	15	financial	financial	ADJ
abr-64	168	16	studies	study	NOUN
abr-64	168	17	,	,	PUNCT
abr-64	168	18	13	13	NUM
abr-64	168	19	:	:	SYM
abr-64	168	20	69	69	NUM
abr-64	168	21	-	-	SYM
abr-64	168	22	74	74	NUM
abr-64	168	23	.	.	PUNCT
abr-64	169	1	ronald	ronald	PROPN
abr-64	169	2	stunda	stunda	PROPN
abr-64	169	3	is	be	AUX
abr-64	169	4	assistant	assistant	ADJ
abr-64	169	5	professor	professor	NOUN
abr-64	169	6	of	of	ADP
abr-64	169	7	accounting	accounting	NOUN
abr-64	169	8	at	at	ADP
abr-64	169	9	valdosta	valdosta	PROPN
abr-64	169	10	state	state	PROPN
abr-64	169	11	university	university	PROPN
abr-64	169	12	in	in	ADP
abr-64	169	13	valdosta	valdosta	PROPN
abr-64	169	14	,	,	PUNCT
abr-64	169	15	georgia	georgia	PROPN
abr-64	169	16	.	.	PUNCT
abr-64	170	1	he	he	PRON
abr-64	170	2	received	receive	VERB
abr-64	170	3	his	his	PRON
abr-64	170	4	ph.d	ph.d	NOUN
abr-64	170	5	.	.	PUNCT
abr-64	171	1	in	in	ADP
abr-64	171	2	accounting	account	VERB
abr-64	171	3	from	from	ADP
abr-64	171	4	florida	florida	PROPN
abr-64	171	5	state	state	PROPN
abr-64	171	6	university	university	PROPN
abr-64	171	7	.	.	PUNCT
abr-64	172	1	his	his	PRON
abr-64	172	2	research	research	NOUN
abr-64	172	3	interest	interest	NOUN
abr-64	172	4	includes	include	VERB
abr-64	172	5	financial	financial	ADJ
abr-64	172	6	accounting	accounting	NOUN
abr-64	172	7	with	with	ADP
abr-64	172	8	emphasis	emphasis	NOUN
abr-64	172	9	on	on	ADP
abr-64	172	10	capital	capital	NOUN
abr-64	172	11	markets	market	NOUN
abr-64	172	12	.	.	PUNCT
abr-64	173	1	he	he	PRON
abr-64	173	2	has	have	AUX
abr-64	173	3	published	publish	VERB
abr-64	173	4	in	in	ADP
abr-64	173	5	academy	academy	PROPN
abr-64	173	6	of	of	ADP
abr-64	173	7	business	business	PROPN
abr-64	173	8	journal	journal	PROPN
abr-64	173	9	,	,	PUNCT
abr-64	173	10	journal	journal	NOUN
abr-64	173	11	of	of	ADP
abr-64	173	12	accounting	accounting	NOUN
abr-64	173	13	and	and	CCONJ
abr-64	173	14	finance	finance	NOUN
abr-64	173	15	,	,	PUNCT
abr-64	173	16	journal	journal	NOUN
abr-64	173	17	of	of	ADP
abr-64	173	18	accounting	accounting	NOUN
abr-64	173	19	,	,	PUNCT
abr-64	173	20	and	and	CCONJ
abr-64	173	21	other	other	ADJ
abr-64	173	22	publications	publication	NOUN
abr-64	173	23	.	.	PUNCT