id	sid	tid	token	lemma	pos
aiti-2529	1	1	advances	advance	NOUN
aiti-2529	1	2	in	in	ADP
aiti-2529	1	3	technology	technology	NOUN
aiti-2529	1	4	innovation	innovation	NOUN
aiti-2529	1	5	,	,	PUNCT
aiti-2529	1	6	vol	vol	NOUN
aiti-2529	1	7	.	.	PROPN
aiti-2529	2	1	4	4	NUM
aiti-2529	2	2	,	,	PUNCT
aiti-2529	2	3	no	no	INTJ
aiti-2529	2	4	.	.	NOUN
aiti-2529	2	5	1	1	NUM
aiti-2529	2	6	,	,	PUNCT
aiti-2529	2	7	2019	2019	NUM
aiti-2529	2	8	,	,	PUNCT
aiti-2529	3	1	pp	pp	ADV
aiti-2529	3	2	.	.	PUNCT
aiti-2529	4	1	44	44	NUM
aiti-2529	4	2	57	57	NUM
aiti-2529	4	3	new	new	ADJ
aiti-2529	4	4	ventures	venture	NOUN
aiti-2529	4	5	,	,	PUNCT
aiti-2529	4	6	internationalization	internationalization	NOUN
aiti-2529	4	7	,	,	PUNCT
aiti-2529	4	8	and	and	CCONJ
aiti-2529	4	9	asymmetric	asymmetric	PROPN
aiti-2529	4	10	grin	grin	NOUN
aiti-2529	4	11	curve	curve	NOUN
aiti-2529	4	12	:	:	PUNCT
aiti-2529	4	13	analysis	analysis	NOUN
aiti-2529	4	14	of	of	ADP
aiti-2529	4	15	taiwan	taiwan	PROPN
aiti-2529	4	16	’s	’s	PART
aiti-2529	4	17	big	big	ADJ
aiti-2529	4	18	data	datum	NOUN
aiti-2529	4	19	jwu	jwu	PROPN
aiti-2529	4	20	-	-	PUNCT
aiti-2529	4	21	rong	rong	PROPN
aiti-2529	4	22	lin	lin	PROPN
aiti-2529	4	23	1	1	NUM
aiti-2529	4	24	,	,	PUNCT
aiti-2529	4	25	chen	chen	PROPN
aiti-2529	4	26	-	-	PUNCT
aiti-2529	4	27	jui	jui	PROPN
aiti-2529	4	28	huang	huang	PROPN
aiti-2529	4	29	2	2	NUM
aiti-2529	4	30	,	,	PUNCT
aiti-2529	4	31	*	*	PUNCT
aiti-2529	4	32	,	,	PUNCT
aiti-2529	4	33	ching	ching	PROPN
aiti-2529	4	34	-	-	PUNCT
aiti-2529	4	35	yu	yu	PROPN
aiti-2529	4	36	chen	chen	PROPN
aiti-2529	4	37	1	1	NUM
aiti-2529	4	38	,	,	PUNCT
aiti-2529	4	39	huey	huey	PROPN
aiti-2529	4	40	-	-	PUNCT
aiti-2529	4	41	ling	ling	PROPN
aiti-2529	4	42	shiau	shiau	PROPN
aiti-2529	4	43	2	2	NUM
aiti-2529	4	44	,	,	PUNCT
aiti-2529	4	45	yan	yan	PROPN
aiti-2529	4	46	-	-	PUNCT
aiti-2529	4	47	chen	chen	PROPN
aiti-2529	4	48	yeh	yeh	PROPN
aiti-2529	4	49	1	1	NUM
aiti-2529	4	50	1	1	NUM
aiti-2529	4	51	department	department	NOUN
aiti-2529	4	52	of	of	ADP
aiti-2529	4	53	international	international	ADJ
aiti-2529	4	54	business	business	NOUN
aiti-2529	4	55	,	,	PUNCT
aiti-2529	4	56	tunghai	tunghai	PROPN
aiti-2529	4	57	university	university	PROPN
aiti-2529	4	58	,	,	PUNCT
aiti-2529	4	59	taichung	taichung	PROPN
aiti-2529	4	60	,	,	PUNCT
aiti-2529	4	61	taiwan	taiwan	PROPN
aiti-2529	4	62	,	,	PUNCT
aiti-2529	4	63	roc	roc	PROPN
aiti-2529	4	64	2	2	NUM
aiti-2529	4	65	department	department	NOUN
aiti-2529	4	66	of	of	ADP
aiti-2529	4	67	finance	finance	NOUN
aiti-2529	4	68	,	,	PUNCT
aiti-2529	4	69	tunghai	tunghai	PROPN
aiti-2529	4	70	university	university	PROPN
aiti-2529	4	71	,	,	PUNCT
aiti-2529	4	72	taichung	taichung	PROPN
aiti-2529	4	73	,	,	PUNCT
aiti-2529	4	74	taiwan	taiwan	PROPN
aiti-2529	4	75	,	,	PUNCT
aiti-2529	4	76	roc	roc	PROPN
aiti-2529	4	77	received	receive	VERB
aiti-2529	4	78	02	02	NUM
aiti-2529	4	79	march	march	NOUN
aiti-2529	4	80	2018	2018	NUM
aiti-2529	4	81	;	;	PUNCT
aiti-2529	4	82	received	receive	VERB
aiti-2529	4	83	in	in	ADP
aiti-2529	4	84	revised	revise	VERB
aiti-2529	4	85	form	form	NOUN
aiti-2529	4	86	18	18	NUM
aiti-2529	4	87	july	july	PROPN
aiti-2529	4	88	2018	2018	NUM
aiti-2529	4	89	;	;	PUNCT
aiti-2529	4	90	accepted	accept	VERB
aiti-2529	4	91	04	04	NUM
aiti-2529	4	92	september	september	PROPN
aiti-2529	4	93	2018	2018	NUM
aiti-2529	4	94	abstract	abstract	ADV
aiti-2529	4	95	under	under	ADP
aiti-2529	4	96	globalization	globalization	NOUN
aiti-2529	4	97	,	,	PUNCT
aiti-2529	4	98	small	small	ADJ
aiti-2529	4	99	and	and	CCONJ
aiti-2529	4	100	medium	medium	ADJ
aiti-2529	4	101	enterprises	enterprise	NOUN
aiti-2529	4	102	(	(	PUNCT
aiti-2529	4	103	smes	sme	NOUN
aiti-2529	4	104	)	)	PUNCT
aiti-2529	4	105	that	that	PRON
aiti-2529	4	106	predominate	predominate	VERB
aiti-2529	4	107	taiwan	taiwan	PROPN
aiti-2529	4	108	’s	’s	PART
aiti-2529	4	109	economy	economy	NOUN
aiti-2529	4	110	have	have	AUX
aiti-2529	4	111	been	be	AUX
aiti-2529	4	112	primarily	primarily	ADV
aiti-2529	4	113	original	original	ADJ
aiti-2529	4	114	equipment	equipment	NOUN
aiti-2529	4	115	manufacturers	manufacturer	NOUN
aiti-2529	4	116	(	(	PUNCT
aiti-2529	4	117	oems	oem	NOUN
aiti-2529	4	118	)	)	PUNCT
aiti-2529	4	119	continuing	continue	VERB
aiti-2529	4	120	to	to	PART
aiti-2529	4	121	adjust	adjust	VERB
aiti-2529	4	122	operating	operating	NOUN
aiti-2529	4	123	strategies	strategy	NOUN
aiti-2529	4	124	in	in	ADP
aiti-2529	4	125	order	order	NOUN
aiti-2529	4	126	to	to	PART
aiti-2529	4	127	extend	extend	VERB
aiti-2529	4	128	supply	supply	NOUN
aiti-2529	4	129	chains	chain	NOUN
aiti-2529	4	130	and	and	CCONJ
aiti-2529	4	131	enhance	enhance	VERB
aiti-2529	4	132	competitiveness	competitiveness	NOUN
aiti-2529	4	133	.	.	PUNCT
aiti-2529	5	1	this	this	DET
aiti-2529	5	2	paper	paper	NOUN
aiti-2529	5	3	adopts	adopt	VERB
aiti-2529	5	4	the	the	DET
aiti-2529	5	5	big	big	ADJ
aiti-2529	5	6	data	datum	NOUN
aiti-2529	5	7	composed	compose	VERB
aiti-2529	5	8	of	of	ADP
aiti-2529	5	9	104,377	104,377	NUM
aiti-2529	5	10	taiwanese	taiwanese	ADJ
aiti-2529	5	11	manufacturers	manufacturer	NOUN
aiti-2529	5	12	from	from	ADP
aiti-2529	5	13	the	the	DET
aiti-2529	5	14	2011	2011	NUM
aiti-2529	5	15	industry	industry	NOUN
aiti-2529	5	16	,	,	PUNCT
aiti-2529	5	17	commerce	commerce	NOUN
aiti-2529	5	18	,	,	PUNCT
aiti-2529	5	19	and	and	CCONJ
aiti-2529	5	20	service	service	NOUN
aiti-2529	5	21	census	census	NOUN
aiti-2529	5	22	to	to	PART
aiti-2529	5	23	assess	assess	VERB
aiti-2529	5	24	impact	impact	NOUN
aiti-2529	5	25	of	of	ADP
aiti-2529	5	26	the	the	DET
aiti-2529	5	27	business	business	NOUN
aiti-2529	5	28	life	life	NOUN
aiti-2529	5	29	cycle	cycle	NOUN
aiti-2529	5	30	,	,	PUNCT
aiti-2529	5	31	brand	brand	NOUN
aiti-2529	5	32	revenue	revenue	NOUN
aiti-2529	5	33	,	,	PUNCT
aiti-2529	5	34	r&d	r&d	NOUN
aiti-2529	5	35	spending	spending	NOUN
aiti-2529	5	36	,	,	PUNCT
aiti-2529	5	37	and	and	CCONJ
aiti-2529	5	38	internationalization	internationalization	NOUN
aiti-2529	5	39	on	on	ADP
aiti-2529	5	40	value	value	NOUN
aiti-2529	5	41	creation	creation	NOUN
aiti-2529	5	42	.	.	PUNCT
aiti-2529	6	1	major	major	ADJ
aiti-2529	6	2	findings	finding	NOUN
aiti-2529	6	3	are	be	AUX
aiti-2529	6	4	as	as	SCONJ
aiti-2529	6	5	follows	follow	VERB
aiti-2529	6	6	.	.	PUNCT
aiti-2529	7	1	first	first	ADV
aiti-2529	7	2	,	,	PUNCT
aiti-2529	7	3	the	the	DET
aiti-2529	7	4	link	link	NOUN
aiti-2529	7	5	of	of	ADP
aiti-2529	7	6	the	the	DET
aiti-2529	7	7	firm	firm	NOUN
aiti-2529	7	8	’s	’s	PART
aiti-2529	7	9	operating	operating	NOUN
aiti-2529	7	10	years	year	NOUN
aiti-2529	7	11	with	with	ADP
aiti-2529	7	12	value	value	NOUN
aiti-2529	7	13	creation	creation	NOUN
aiti-2529	7	14	is	be	AUX
aiti-2529	7	15	characterized	characterize	VERB
aiti-2529	7	16	by	by	ADP
aiti-2529	7	17	a	a	DET
aiti-2529	7	18	quadratic	quadratic	ADJ
aiti-2529	7	19	u	u	ADJ
aiti-2529	7	20	-	-	ADJ
aiti-2529	7	21	shaped	shape	VERB
aiti-2529	7	22	curve	curve	NOUN
aiti-2529	7	23	where	where	SCONJ
aiti-2529	7	24	the	the	DET
aiti-2529	7	25	minimum	minimum	ADJ
aiti-2529	7	26	point	point	NOUN
aiti-2529	7	27	corresponds	correspond	VERB
aiti-2529	7	28	to	to	ADP
aiti-2529	7	29	15	15	NUM
aiti-2529	7	30	years	year	NOUN
aiti-2529	7	31	of	of	ADP
aiti-2529	7	32	operation	operation	NOUN
aiti-2529	7	33	,	,	PUNCT
aiti-2529	7	34	suggesting	suggest	VERB
aiti-2529	7	35	a	a	DET
aiti-2529	7	36	cost	cost	NOUN
aiti-2529	7	37	of	of	ADP
aiti-2529	7	38	lower	low	ADJ
aiti-2529	7	39	value	value	NOUN
aiti-2529	7	40	added	add	VERB
aiti-2529	7	41	for	for	ADP
aiti-2529	7	42	new	new	ADJ
aiti-2529	7	43	ventures	venture	NOUN
aiti-2529	7	44	at	at	ADP
aiti-2529	7	45	the	the	DET
aiti-2529	7	46	early	early	ADJ
aiti-2529	7	47	stage	stage	NOUN
aiti-2529	7	48	of	of	ADP
aiti-2529	7	49	development	development	NOUN
aiti-2529	7	50	.	.	PUNCT
aiti-2529	8	1	second	second	ADJ
aiti-2529	8	2	,	,	PUNCT
aiti-2529	8	3	a	a	DET
aiti-2529	8	4	reversed	reverse	VERB
aiti-2529	8	5	u	u	ADJ
aiti-2529	8	6	-	-	ADJ
aiti-2529	8	7	shaped	shape	VERB
aiti-2529	8	8	curve	curve	NOUN
aiti-2529	8	9	of	of	ADP
aiti-2529	8	10	value	value	NOUN
aiti-2529	8	11	creation	creation	NOUN
aiti-2529	8	12	is	be	AUX
aiti-2529	8	13	found	find	VERB
aiti-2529	8	14	as	as	SCONJ
aiti-2529	8	15	regards	regard	VERB
aiti-2529	8	16	brand	brand	NOUN
aiti-2529	8	17	revenue	revenue	NOUN
aiti-2529	8	18	and	and	CCONJ
aiti-2529	8	19	r&d	r&d	NOUN
aiti-2529	8	20	spending	spending	NOUN
aiti-2529	8	21	,	,	PUNCT
aiti-2529	8	22	with	with	ADP
aiti-2529	8	23	the	the	DET
aiti-2529	8	24	greater	great	ADJ
aiti-2529	8	25	impact	impact	NOUN
aiti-2529	8	26	of	of	ADP
aiti-2529	8	27	the	the	DET
aiti-2529	8	28	latter	latter	ADJ
aiti-2529	8	29	.	.	PUNCT
aiti-2529	9	1	third	third	ADJ
aiti-2529	9	2	,	,	PUNCT
aiti-2529	9	3	the	the	DET
aiti-2529	9	4	impact	impact	NOUN
aiti-2529	9	5	of	of	ADP
aiti-2529	9	6	overseas	overseas	ADJ
aiti-2529	9	7	investment	investment	NOUN
aiti-2529	9	8	and	and	CCONJ
aiti-2529	9	9	export	export	NOUN
aiti-2529	9	10	expansion	expansion	NOUN
aiti-2529	9	11	is	be	AUX
aiti-2529	9	12	also	also	ADV
aiti-2529	9	13	captured	capture	VERB
aiti-2529	9	14	by	by	ADP
aiti-2529	9	15	a	a	DET
aiti-2529	9	16	reversed	reverse	VERB
aiti-2529	9	17	u	u	ADJ
aiti-2529	9	18	-	-	ADJ
aiti-2529	9	19	shaped	shape	VERB
aiti-2529	9	20	curve	curve	NOUN
aiti-2529	9	21	,	,	PUNCT
aiti-2529	9	22	with	with	ADP
aiti-2529	9	23	greater	great	ADJ
aiti-2529	9	24	impact	impact	NOUN
aiti-2529	9	25	for	for	ADP
aiti-2529	9	26	the	the	DET
aiti-2529	9	27	former	former	ADJ
aiti-2529	9	28	.	.	PUNCT
aiti-2529	10	1	fourth	fourth	ADJ
aiti-2529	10	2	,	,	PUNCT
aiti-2529	10	3	an	an	DET
aiti-2529	10	4	asymmetric	asymmetric	ADJ
aiti-2529	10	5	grin	grin	NOUN
aiti-2529	10	6	curve	curve	NOUN
aiti-2529	10	7	rather	rather	ADV
aiti-2529	10	8	than	than	ADP
aiti-2529	10	9	a	a	DET
aiti-2529	10	10	smile	smile	NOUN
aiti-2529	10	11	curve	curve	NOUN
aiti-2529	10	12	is	be	AUX
aiti-2529	10	13	found	find	VERB
aiti-2529	10	14	in	in	ADP
aiti-2529	10	15	taiwan	taiwan	PROPN
aiti-2529	10	16	’s	’s	PART
aiti-2529	10	17	manufacturers	manufacturer	NOUN
aiti-2529	10	18	,	,	PUNCT
aiti-2529	10	19	whose	whose	DET
aiti-2529	10	20	value	value	NOUN
aiti-2529	10	21	creation	creation	NOUN
aiti-2529	10	22	can	can	AUX
aiti-2529	10	23	be	be	AUX
aiti-2529	10	24	strengthened	strengthen	VERB
aiti-2529	10	25	by	by	ADP
aiti-2529	10	26	strategies	strategy	NOUN
aiti-2529	10	27	that	that	PRON
aiti-2529	10	28	focus	focus	VERB
aiti-2529	10	29	on	on	ADP
aiti-2529	10	30	the	the	DET
aiti-2529	10	31	learning	learning	NOUN
aiti-2529	10	32	curve	curve	NOUN
aiti-2529	10	33	,	,	PUNCT
aiti-2529	10	34	internationalization	internationalization	NOUN
aiti-2529	10	35	,	,	PUNCT
aiti-2529	10	36	internet	internet	NOUN
aiti-2529	10	37	,	,	PUNCT
aiti-2529	10	38	operating	operating	NOUN
aiti-2529	10	39	scale	scale	NOUN
aiti-2529	10	40	,	,	PUNCT
aiti-2529	10	41	and	and	CCONJ
aiti-2529	10	42	capital	capital	NOUN
aiti-2529	10	43	intensity	intensity	NOUN
aiti-2529	10	44	.	.	PUNCT
aiti-2529	11	1	keywords	keyword	NOUN
aiti-2529	11	2	:	:	PUNCT
aiti-2529	11	3	new	new	ADJ
aiti-2529	11	4	venture	venture	NOUN
aiti-2529	11	5	,	,	PUNCT
aiti-2529	11	6	internationalization	internationalization	NOUN
aiti-2529	11	7	,	,	PUNCT
aiti-2529	11	8	grin	grin	NOUN
aiti-2529	11	9	curve	curve	NOUN
aiti-2529	11	10	,	,	PUNCT
aiti-2529	11	11	value	value	NOUN
aiti-2529	11	12	creation	creation	NOUN
aiti-2529	11	13	1	1	NUM
aiti-2529	11	14	.	.	PUNCT
aiti-2529	12	1	introduction	introduction	NOUN
aiti-2529	12	2	the	the	DET
aiti-2529	12	3	emergence	emergence	NOUN
aiti-2529	12	4	of	of	ADP
aiti-2529	12	5	the	the	DET
aiti-2529	12	6	regional	regional	ADJ
aiti-2529	12	7	comprehensive	comprehensive	ADJ
aiti-2529	12	8	economic	economic	ADJ
aiti-2529	12	9	partnership	partnership	NOUN
aiti-2529	12	10	(	(	PUNCT
aiti-2529	12	11	rcep	rcep	PROPN
aiti-2529	12	12	)	)	PUNCT
aiti-2529	12	13	,	,	PUNCT
aiti-2529	12	14	which	which	PRON
aiti-2529	12	15	enlarges	enlarge	VERB
aiti-2529	12	16	the	the	DET
aiti-2529	12	17	trade	trade	NOUN
aiti-2529	12	18	link	link	NOUN
aiti-2529	12	19	of	of	ADP
aiti-2529	12	20	the	the	DET
aiti-2529	12	21	ten	ten	NUM
aiti-2529	12	22	asean	asean	ADJ
aiti-2529	12	23	members	member	NOUN
aiti-2529	12	24	and	and	CCONJ
aiti-2529	12	25	six	six	NUM
aiti-2529	12	26	asian	asian	ADJ
aiti-2529	12	27	countries	country	NOUN
aiti-2529	12	28	,	,	PUNCT
aiti-2529	12	29	marks	mark	VERB
aiti-2529	12	30	a	a	DET
aiti-2529	12	31	new	new	ADJ
aiti-2529	12	32	challenge	challenge	NOUN
aiti-2529	12	33	as	as	SCONJ
aiti-2529	12	34	regards	regard	VERB
aiti-2529	12	35	the	the	DET
aiti-2529	12	36	cost	cost	NOUN
aiti-2529	12	37	advantage	advantage	NOUN
aiti-2529	12	38	that	that	SCONJ
aiti-2529	12	39	most	most	ADJ
aiti-2529	12	40	original	original	ADJ
aiti-2529	12	41	equipment	equipment	NOUN
aiti-2529	12	42	manufacturers	manufacturer	NOUN
aiti-2529	12	43	(	(	PUNCT
aiti-2529	12	44	oems	oem	NOUN
aiti-2529	12	45	)	)	PUNCT
aiti-2529	12	46	in	in	ADP
aiti-2529	12	47	taiwan	taiwan	PROPN
aiti-2529	12	48	have	have	AUX
aiti-2529	12	49	benefited	benefit	VERB
aiti-2529	12	50	over	over	ADP
aiti-2529	12	51	past	past	ADJ
aiti-2529	12	52	decades	decade	NOUN
aiti-2529	12	53	.	.	PUNCT
aiti-2529	13	1	these	these	DET
aiti-2529	13	2	firms	firm	NOUN
aiti-2529	13	3	are	be	AUX
aiti-2529	13	4	now	now	ADV
aiti-2529	13	5	forced	force	VERB
aiti-2529	13	6	to	to	PART
aiti-2529	13	7	develop	develop	VERB
aiti-2529	13	8	strategies	strategy	NOUN
aiti-2529	13	9	that	that	PRON
aiti-2529	13	10	transform	transform	VERB
aiti-2529	13	11	the	the	DET
aiti-2529	13	12	current	current	ADJ
aiti-2529	13	13	cost	cost	NOUN
aiti-2529	13	14	-	-	PUNCT
aiti-2529	13	15	based	base	VERB
aiti-2529	13	16	industry	industry	NOUN
aiti-2529	13	17	into	into	ADP
aiti-2529	13	18	the	the	DET
aiti-2529	13	19	one	one	NOUN
aiti-2529	13	20	with	with	ADP
aiti-2529	13	21	high	high	ADJ
aiti-2529	13	22	value	value	NOUN
aiti-2529	13	23	added	add	VERB
aiti-2529	13	24	through	through	ADP
aiti-2529	13	25	new	new	ADJ
aiti-2529	13	26	ventures	venture	NOUN
aiti-2529	13	27	,	,	PUNCT
aiti-2529	13	28	brand	brand	NOUN
aiti-2529	13	29	benefit	benefit	NOUN
aiti-2529	13	30	,	,	PUNCT
aiti-2529	13	31	r&d	r&d	NOUN
aiti-2529	13	32	spending	spending	NOUN
aiti-2529	13	33	,	,	PUNCT
aiti-2529	13	34	and	and	CCONJ
aiti-2529	13	35	internationalization	internationalization	NOUN
aiti-2529	13	36	.	.	PUNCT
aiti-2529	14	1	however	however	ADV
aiti-2529	14	2	,	,	PUNCT
aiti-2529	14	3	the	the	DET
aiti-2529	14	4	2011	2011	NUM
aiti-2529	14	5	industry	industry	NOUN
aiti-2529	14	6	,	,	PUNCT
aiti-2529	14	7	commerce	commerce	NOUN
aiti-2529	14	8	,	,	PUNCT
aiti-2529	14	9	and	and	CCONJ
aiti-2529	14	10	service	service	NOUN
aiti-2529	14	11	census	census	NOUN
aiti-2529	14	12	conducted	conduct	VERB
aiti-2529	14	13	by	by	ADP
aiti-2529	14	14	taiwan	taiwan	PROPN
aiti-2529	14	15	’s	’s	PART
aiti-2529	14	16	directorate	directorate	ADJ
aiti-2529	14	17	-	-	PUNCT
aiti-2529	14	18	general	general	NOUN
aiti-2529	14	19	of	of	ADP
aiti-2529	14	20	budget	budget	NOUN
aiti-2529	14	21	,	,	PUNCT
aiti-2529	14	22	accounting	accounting	NOUN
aiti-2529	14	23	,	,	PUNCT
aiti-2529	14	24	and	and	CCONJ
aiti-2529	14	25	statistics	statistic	NOUN
aiti-2529	14	26	shows	show	VERB
aiti-2529	14	27	that	that	SCONJ
aiti-2529	14	28	the	the	DET
aiti-2529	14	29	business	business	NOUN
aiti-2529	14	30	operating	operating	NOUN
aiti-2529	14	31	years	year	NOUN
aiti-2529	14	32	ranges	range	VERB
aiti-2529	14	33	from	from	ADP
aiti-2529	14	34	1	1	NUM
aiti-2529	14	35	to	to	PART
aiti-2529	14	36	100	100	NUM
aiti-2529	14	37	and	and	CCONJ
aiti-2529	14	38	averages	average	NOUN
aiti-2529	14	39	at	at	ADP
aiti-2529	14	40	18	18	NUM
aiti-2529	14	41	among	among	ADP
aiti-2529	14	42	the	the	DET
aiti-2529	14	43	104,377	104,377	NUM
aiti-2529	14	44	firms	firm	NOUN
aiti-2529	14	45	surveyed	survey	VERB
aiti-2529	14	46	.	.	PUNCT
aiti-2529	15	1	this	this	PRON
aiti-2529	15	2	seems	seem	VERB
aiti-2529	15	3	to	to	PART
aiti-2529	15	4	imply	imply	VERB
aiti-2529	15	5	significant	significant	ADJ
aiti-2529	15	6	discrepancy	discrepancy	NOUN
aiti-2529	15	7	in	in	ADP
aiti-2529	15	8	terms	term	NOUN
aiti-2529	15	9	of	of	ADP
aiti-2529	15	10	the	the	DET
aiti-2529	15	11	business	business	NOUN
aiti-2529	15	12	life	life	NOUN
aiti-2529	15	13	cycle	cycle	NOUN
aiti-2529	15	14	.	.	PUNCT
aiti-2529	16	1	in	in	ADP
aiti-2529	16	2	addition	addition	NOUN
aiti-2529	16	3	,	,	PUNCT
aiti-2529	16	4	the	the	DET
aiti-2529	16	5	number	number	NOUN
aiti-2529	16	6	of	of	ADP
aiti-2529	16	7	firms	firm	NOUN
aiti-2529	16	8	that	that	PRON
aiti-2529	16	9	have	have	AUX
aiti-2529	16	10	been	be	AUX
aiti-2529	16	11	engaged	engage	VERB
aiti-2529	16	12	in	in	ADP
aiti-2529	16	13	brand	brand	NOUN
aiti-2529	16	14	,	,	PUNCT
aiti-2529	16	15	r&d	r&d	NOUN
aiti-2529	16	16	,	,	PUNCT
aiti-2529	16	17	overseas	overseas	ADJ
aiti-2529	16	18	investment	investment	NOUN
aiti-2529	16	19	,	,	PUNCT
aiti-2529	16	20	and	and	CCONJ
aiti-2529	16	21	export	export	NOUN
aiti-2529	16	22	activities	activity	NOUN
aiti-2529	16	23	are	be	AUX
aiti-2529	16	24	only	only	ADV
aiti-2529	16	25	12,440	12,440	NUM
aiti-2529	16	26	,	,	PUNCT
aiti-2529	16	27	10,062	10,062	NUM
aiti-2529	16	28	,	,	PUNCT
aiti-2529	16	29	14,326	14,326	NUM
aiti-2529	16	30	,	,	PUNCT
aiti-2529	16	31	and	and	CCONJ
aiti-2529	16	32	17,206	17,206	NUM
aiti-2529	16	33	,	,	PUNCT
aiti-2529	16	34	respectively	respectively	ADV
aiti-2529	16	35	accounting	account	VERB
aiti-2529	16	36	for	for	ADP
aiti-2529	16	37	11.92	11.92	NUM
aiti-2529	16	38	%	%	NOUN
aiti-2529	16	39	,	,	PUNCT
aiti-2529	16	40	9.64	9.64	NUM
aiti-2529	16	41	%	%	NOUN
aiti-2529	16	42	,	,	PUNCT
aiti-2529	16	43	13.73	13.73	NUM
aiti-2529	16	44	%	%	NOUN
aiti-2529	16	45	,	,	PUNCT
aiti-2529	16	46	and	and	CCONJ
aiti-2529	16	47	16.49	16.49	NUM
aiti-2529	16	48	%	%	NOUN
aiti-2529	16	49	of	of	ADP
aiti-2529	16	50	the	the	DET
aiti-2529	16	51	total	total	ADJ
aiti-2529	16	52	sample	sample	NOUN
aiti-2529	16	53	and	and	CCONJ
aiti-2529	16	54	leaving	leave	VERB
aiti-2529	16	55	the	the	DET
aiti-2529	16	56	ratio	ratio	NOUN
aiti-2529	16	57	of	of	ADP
aiti-2529	16	58	the	the	DET
aiti-2529	16	59	value	value	NOUN
aiti-2529	16	60	added	add	VERB
aiti-2529	16	61	to	to	ADP
aiti-2529	16	62	total	total	ADJ
aiti-2529	16	63	revenue	revenue	NOUN
aiti-2529	16	64	at	at	ADP
aiti-2529	16	65	36	36	NUM
aiti-2529	16	66	%	%	NOUN
aiti-2529	16	67	only	only	ADV
aiti-2529	16	68	.	.	PUNCT
aiti-2529	17	1	this	this	DET
aiti-2529	17	2	paper	paper	NOUN
aiti-2529	17	3	intends	intend	VERB
aiti-2529	17	4	to	to	PART
aiti-2529	17	5	deepen	deepen	VERB
aiti-2529	17	6	the	the	DET
aiti-2529	17	7	issue	issue	NOUN
aiti-2529	17	8	on	on	ADP
aiti-2529	17	9	insufficient	insufficient	ADJ
aiti-2529	17	10	value	value	NOUN
aiti-2529	17	11	creation	creation	NOUN
aiti-2529	17	12	observed	observe	VERB
aiti-2529	17	13	in	in	ADP
aiti-2529	17	14	most	most	ADV
aiti-2529	17	15	small	small	ADJ
aiti-2529	17	16	and	and	CCONJ
aiti-2529	17	17	medium	medium	ADJ
aiti-2529	17	18	enterprises	enterprise	NOUN
aiti-2529	17	19	(	(	PUNCT
aiti-2529	17	20	smes	sme	NOUN
aiti-2529	17	21	)	)	PUNCT
aiti-2529	17	22	that	that	PRON
aiti-2529	17	23	dominate	dominate	VERB
aiti-2529	17	24	taiwan	taiwan	PROPN
aiti-2529	17	25	’s	’s	PART
aiti-2529	17	26	manufacturing	manufacturing	NOUN
aiti-2529	17	27	sectors	sector	NOUN
aiti-2529	17	28	and	and	CCONJ
aiti-2529	17	29	discuss	discuss	VERB
aiti-2529	17	30	relevant	relevant	ADJ
aiti-2529	17	31	strategies	strategy	NOUN
aiti-2529	17	32	for	for	ADP
aiti-2529	17	33	transformation	transformation	NOUN
aiti-2529	17	34	in	in	ADP
aiti-2529	17	35	the	the	DET
aiti-2529	17	36	business	business	NOUN
aiti-2529	17	37	model	model	NOUN
aiti-2529	17	38	.	.	PUNCT
aiti-2529	18	1	*	*	PUNCT
aiti-2529	18	2	corresponding	correspond	VERB
aiti-2529	18	3	author	author	NOUN
aiti-2529	18	4	.	.	PUNCT
aiti-2529	19	1	e	e	X
aiti-2529	19	2	-	-	NOUN
aiti-2529	19	3	mail	mail	NOUN
aiti-2529	19	4	address	address	NOUN
aiti-2529	19	5	:	:	PUNCT
aiti-2529	19	6	cjhuang@thu.edu.tw	cjhuang@thu.edu.tw	ADJ
aiti-2529	19	7	.	.	PUNCT
aiti-2529	20	1	advances	advance	NOUN
aiti-2529	20	2	in	in	ADP
aiti-2529	20	3	technology	technology	NOUN
aiti-2529	20	4	innovation	innovation	NOUN
aiti-2529	20	5	,	,	PUNCT
aiti-2529	20	6	vol	vol	NOUN
aiti-2529	20	7	.	.	PROPN
aiti-2529	21	1	4	4	NUM
aiti-2529	21	2	,	,	PUNCT
aiti-2529	21	3	no	no	INTJ
aiti-2529	21	4	.	.	NOUN
aiti-2529	21	5	1	1	NUM
aiti-2529	21	6	,	,	PUNCT
aiti-2529	21	7	2019	2019	NUM
aiti-2529	21	8	,	,	PUNCT
aiti-2529	21	9	pp	pp	ADV
aiti-2529	21	10	.	.	PUNCT
aiti-2529	22	1	44	44	NUM
aiti-2529	22	2	57	57	NUM
aiti-2529	22	3	45	45	NUM
aiti-2529	22	4	the	the	DET
aiti-2529	22	5	remainder	remainder	NOUN
aiti-2529	22	6	of	of	ADP
aiti-2529	22	7	this	this	DET
aiti-2529	22	8	paper	paper	NOUN
aiti-2529	22	9	is	be	AUX
aiti-2529	22	10	structured	structure	VERB
aiti-2529	22	11	as	as	SCONJ
aiti-2529	22	12	follows	follow	VERB
aiti-2529	22	13	.	.	PUNCT
aiti-2529	23	1	section	section	NOUN
aiti-2529	23	2	2	2	NUM
aiti-2529	23	3	succinctly	succinctly	ADV
aiti-2529	23	4	reviews	review	VERB
aiti-2529	23	5	theoretic	theoretic	ADJ
aiti-2529	23	6	foundations	foundation	NOUN
aiti-2529	23	7	and	and	CCONJ
aiti-2529	23	8	relevant	relevant	ADJ
aiti-2529	23	9	empirical	empirical	ADJ
aiti-2529	23	10	evidence	evidence	NOUN
aiti-2529	23	11	.	.	PUNCT
aiti-2529	24	1	section	section	NOUN
aiti-2529	24	2	3	3	NUM
aiti-2529	24	3	proposes	propose	VERB
aiti-2529	24	4	the	the	DET
aiti-2529	24	5	empirical	empirical	ADJ
aiti-2529	24	6	model	model	NOUN
aiti-2529	24	7	and	and	CCONJ
aiti-2529	24	8	hypotheses	hypothesis	NOUN
aiti-2529	24	9	to	to	PART
aiti-2529	24	10	be	be	AUX
aiti-2529	24	11	tested	test	VERB
aiti-2529	24	12	.	.	PUNCT
aiti-2529	25	1	section	section	NOUN
aiti-2529	25	2	4	4	NUM
aiti-2529	25	3	analyzes	analyze	VERB
aiti-2529	25	4	primary	primary	ADJ
aiti-2529	25	5	regression	regression	NOUN
aiti-2529	25	6	results	result	NOUN
aiti-2529	25	7	and	and	CCONJ
aiti-2529	25	8	checks	check	VERB
aiti-2529	25	9	robustness	robustness	NOUN
aiti-2529	25	10	of	of	ADP
aiti-2529	25	11	the	the	DET
aiti-2529	25	12	empirical	empirical	ADJ
aiti-2529	25	13	model	model	NOUN
aiti-2529	25	14	.	.	PUNCT
aiti-2529	26	1	section	section	NOUN
aiti-2529	26	2	5	5	NUM
aiti-2529	26	3	concludes	conclude	VERB
aiti-2529	26	4	with	with	ADP
aiti-2529	26	5	discussion	discussion	NOUN
aiti-2529	26	6	on	on	ADP
aiti-2529	26	7	research	research	NOUN
aiti-2529	26	8	limitations	limitation	NOUN
aiti-2529	26	9	and	and	CCONJ
aiti-2529	26	10	suggestion	suggestion	NOUN
aiti-2529	26	11	for	for	ADP
aiti-2529	26	12	future	future	ADJ
aiti-2529	26	13	studies	study	NOUN
aiti-2529	26	14	.	.	PUNCT
aiti-2529	27	1	2	2	X
aiti-2529	27	2	.	.	PUNCT
aiti-2529	27	3	theoretic	theoretic	ADJ
aiti-2529	27	4	foundations	foundation	NOUN
aiti-2529	27	5	and	and	CCONJ
aiti-2529	27	6	literature	literature	PROPN
aiti-2529	27	7	review	review	PROPN
aiti-2529	27	8	the	the	DET
aiti-2529	27	9	smile	smile	NOUN
aiti-2529	27	10	curve	curve	NOUN
aiti-2529	27	11	characterizes	characterize	VERB
aiti-2529	27	12	the	the	DET
aiti-2529	27	13	relation	relation	NOUN
aiti-2529	27	14	between	between	ADP
aiti-2529	27	15	value	value	NOUN
aiti-2529	27	16	creation	creation	NOUN
aiti-2529	27	17	and	and	CCONJ
aiti-2529	27	18	supply	supply	NOUN
aiti-2529	27	19	chains	chain	NOUN
aiti-2529	27	20	.	.	PUNCT
aiti-2529	28	1	the	the	DET
aiti-2529	28	2	value	value	NOUN
aiti-2529	28	3	added	add	VERB
aiti-2529	28	4	is	be	AUX
aiti-2529	28	5	expressed	express	VERB
aiti-2529	28	6	on	on	ADP
aiti-2529	28	7	the	the	DET
aiti-2529	28	8	vertical	vertical	ADJ
aiti-2529	28	9	axis	axis	NOUN
aiti-2529	28	10	,	,	PUNCT
aiti-2529	28	11	whereas	whereas	SCONJ
aiti-2529	28	12	the	the	DET
aiti-2529	28	13	supply	supply	NOUN
aiti-2529	28	14	chains	chain	NOUN
aiti-2529	28	15	from	from	ADP
aiti-2529	28	16	the	the	DET
aiti-2529	28	17	upstream	upstream	NOUN
aiti-2529	28	18	to	to	ADP
aiti-2529	28	19	the	the	DET
aiti-2529	28	20	downstream	downstream	NOUN
aiti-2529	28	21	are	be	AUX
aiti-2529	28	22	expressed	express	VERB
aiti-2529	28	23	from	from	ADP
aiti-2529	28	24	the	the	DET
aiti-2529	28	25	left	left	NOUN
aiti-2529	28	26	to	to	ADP
aiti-2529	28	27	the	the	DET
aiti-2529	28	28	right	right	NOUN
aiti-2529	28	29	on	on	ADP
aiti-2529	28	30	the	the	DET
aiti-2529	28	31	horizontal	horizontal	ADJ
aiti-2529	28	32	axis	axis	NOUN
aiti-2529	28	33	.	.	PUNCT
aiti-2529	29	1	over	over	ADP
aiti-2529	29	2	the	the	DET
aiti-2529	29	3	supply	supply	NOUN
aiti-2529	29	4	chains	chain	NOUN
aiti-2529	29	5	,	,	PUNCT
aiti-2529	29	6	upstream	upstream	NOUN
aiti-2529	29	7	,	,	PUNCT
aiti-2529	29	8	midstream	midstream	NOUN
aiti-2529	29	9	,	,	PUNCT
aiti-2529	29	10	and	and	CCONJ
aiti-2529	29	11	downstream	downstream	ADJ
aiti-2529	29	12	firms	firm	NOUN
aiti-2529	29	13	respectively	respectively	ADV
aiti-2529	29	14	play	play	VERB
aiti-2529	29	15	the	the	DET
aiti-2529	29	16	role	role	NOUN
aiti-2529	29	17	of	of	ADP
aiti-2529	29	18	original	original	ADJ
aiti-2529	29	19	design	design	NOUN
aiti-2529	29	20	manufacturers	manufacturer	NOUN
aiti-2529	29	21	(	(	PUNCT
aiti-2529	29	22	odms	odms	NOUN
aiti-2529	29	23	)	)	PUNCT
aiti-2529	29	24	,	,	PUNCT
aiti-2529	29	25	original	original	ADJ
aiti-2529	29	26	equipment	equipment	NOUN
aiti-2529	29	27	manufacturers	manufacturer	NOUN
aiti-2529	29	28	(	(	PUNCT
aiti-2529	29	29	oems	oem	NOUN
aiti-2529	29	30	)	)	PUNCT
aiti-2529	29	31	,	,	PUNCT
aiti-2529	29	32	and	and	CCONJ
aiti-2529	29	33	own	own	ADJ
aiti-2529	29	34	branding	branding	NOUN
aiti-2529	29	35	manufacturers	manufacturer	NOUN
aiti-2529	29	36	(	(	PUNCT
aiti-2529	29	37	obms	obms	NOUN
aiti-2529	29	38	)	)	PUNCT
aiti-2529	29	39	.	.	PUNCT
aiti-2529	30	1	in	in	ADP
aiti-2529	30	2	less	less	ADJ
aiti-2529	30	3	developing	develop	VERB
aiti-2529	30	4	countries	country	NOUN
aiti-2529	30	5	(	(	PUNCT
aiti-2529	30	6	ldcs	ldcs	PROPN
aiti-2529	30	7	)	)	PUNCT
aiti-2529	30	8	,	,	PUNCT
aiti-2529	30	9	the	the	DET
aiti-2529	30	10	smile	smile	ADJ
aiti-2529	30	11	curve	curve	NOUN
aiti-2529	30	12	appears	appear	VERB
aiti-2529	30	13	reversed	reverse	VERB
aiti-2529	30	14	,	,	PUNCT
aiti-2529	30	15	called	call	VERB
aiti-2529	30	16	the	the	DET
aiti-2529	30	17	forced	force	VERB
aiti-2529	30	18	smile	smile	NOUN
aiti-2529	30	19	curve	curve	NOUN
aiti-2529	30	20	.	.	PUNCT
aiti-2529	31	1	in	in	ADP
aiti-2529	31	2	between	between	ADP
aiti-2529	31	3	,	,	PUNCT
aiti-2529	31	4	the	the	DET
aiti-2529	31	5	grin	grin	NOUN
aiti-2529	31	6	curve	curve	NOUN
aiti-2529	31	7	raises	raise	VERB
aiti-2529	31	8	the	the	DET
aiti-2529	31	9	two	two	NUM
aiti-2529	31	10	ends	end	NOUN
aiti-2529	31	11	of	of	ADP
aiti-2529	31	12	the	the	DET
aiti-2529	31	13	smile	smile	NOUN
aiti-2529	31	14	curve	curve	NOUN
aiti-2529	31	15	and	and	CCONJ
aiti-2529	31	16	appears	appear	VERB
aiti-2529	31	17	flatter	flat	ADJ
aiti-2529	31	18	to	to	PART
aiti-2529	31	19	reflect	reflect	VERB
aiti-2529	31	20	the	the	DET
aiti-2529	31	21	evolution	evolution	NOUN
aiti-2529	31	22	in	in	ADP
aiti-2529	31	23	industry	industry	NOUN
aiti-2529	31	24	competition	competition	NOUN
aiti-2529	31	25	.	.	PUNCT
aiti-2529	32	1	the	the	DET
aiti-2529	32	2	typical	typical	ADJ
aiti-2529	32	3	smile	smile	NOUN
aiti-2529	32	4	curve	curve	NOUN
aiti-2529	32	5	,	,	PUNCT
aiti-2529	32	6	forced	force	VERB
aiti-2529	32	7	smile	smile	NOUN
aiti-2529	32	8	curve	curve	NOUN
aiti-2529	32	9	,	,	PUNCT
aiti-2529	32	10	and	and	CCONJ
aiti-2529	32	11	grin	grin	NOUN
aiti-2529	32	12	curve	curve	NOUN
aiti-2529	32	13	are	be	AUX
aiti-2529	32	14	illustrated	illustrate	VERB
aiti-2529	32	15	in	in	ADP
aiti-2529	32	16	fig	fig	NOUN
aiti-2529	32	17	.	.	PUNCT
aiti-2529	33	1	1	1	X
aiti-2529	33	2	.	.	X
aiti-2529	33	3	fig	fig	NOUN
aiti-2529	33	4	.	.	PUNCT
aiti-2529	34	1	1	1	NUM
aiti-2529	34	2	smile	smile	NOUN
aiti-2529	34	3	curve	curve	NOUN
aiti-2529	34	4	,	,	PUNCT
aiti-2529	34	5	forced	force	VERB
aiti-2529	34	6	smile	smile	NOUN
aiti-2529	34	7	curve	curve	NOUN
aiti-2529	34	8	,	,	PUNCT
aiti-2529	34	9	and	and	CCONJ
aiti-2529	34	10	grin	grin	VERB
aiti-2529	34	11	curve	curve	NOUN
aiti-2529	34	12	new	new	ADJ
aiti-2529	34	13	ventures	venture	NOUN
aiti-2529	34	14	have	have	AUX
aiti-2529	34	15	grown	grow	VERB
aiti-2529	34	16	rapidly	rapidly	ADV
aiti-2529	34	17	over	over	ADP
aiti-2529	34	18	the	the	DET
aiti-2529	34	19	past	past	ADJ
aiti-2529	34	20	decades	decade	NOUN
aiti-2529	34	21	.	.	PUNCT
aiti-2529	35	1	lussier	lussi	ADJ
aiti-2529	36	1	[	[	X
aiti-2529	36	2	1	1	X
aiti-2529	36	3	]	]	PUNCT
aiti-2529	36	4	defines	define	VERB
aiti-2529	36	5	the	the	DET
aiti-2529	36	6	new	new	ADJ
aiti-2529	36	7	ventures	venture	NOUN
aiti-2529	36	8	as	as	ADP
aiti-2529	36	9	businesses	business	NOUN
aiti-2529	36	10	established	establish	VERB
aiti-2529	36	11	within	within	ADP
aiti-2529	36	12	10	10	NUM
aiti-2529	36	13	years	year	NOUN
aiti-2529	36	14	.	.	PUNCT
aiti-2529	37	1	in	in	ADP
aiti-2529	37	2	taiwan	taiwan	PROPN
aiti-2529	37	3	,	,	PUNCT
aiti-2529	37	4	the	the	DET
aiti-2529	37	5	start	start	VERB
aiti-2529	37	6	-	-	PUNCT
aiti-2529	37	7	up	up	NOUN
aiti-2529	37	8	and	and	CCONJ
aiti-2529	37	9	incubation	incubation	NOUN
aiti-2529	37	10	center	center	NOUN
aiti-2529	37	11	of	of	ADP
aiti-2529	37	12	the	the	DET
aiti-2529	37	13	small	small	ADJ
aiti-2529	37	14	and	and	CCONJ
aiti-2529	37	15	medium	medium	ADJ
aiti-2529	37	16	enterprise	enterprise	NOUN
aiti-2529	37	17	administration	administration	NOUN
aiti-2529	37	18	of	of	ADP
aiti-2529	37	19	the	the	DET
aiti-2529	37	20	ministry	ministry	PROPN
aiti-2529	37	21	of	of	ADP
aiti-2529	37	22	economic	economic	PROPN
aiti-2529	37	23	affairs	affairs	PROPN
aiti-2529	37	24	adopts	adopt	VERB
aiti-2529	37	25	instead	instead	ADV
aiti-2529	37	26	a	a	DET
aiti-2529	37	27	definition	definition	NOUN
aiti-2529	37	28	of	of	ADP
aiti-2529	37	29	5	5	NUM
aiti-2529	37	30	years	year	NOUN
aiti-2529	37	31	,	,	PUNCT
aiti-2529	37	32	also	also	ADV
aiti-2529	37	33	applied	apply	VERB
aiti-2529	37	34	to	to	ADP
aiti-2529	37	35	associated	associated	ADJ
aiti-2529	37	36	start	start	VERB
aiti-2529	37	37	-	-	PUNCT
aiti-2529	37	38	up	up	ADP
aiti-2529	37	39	loans	loan	NOUN
aiti-2529	37	40	open	open	ADJ
aiti-2529	37	41	to	to	ADP
aiti-2529	37	42	the	the	DET
aiti-2529	37	43	youth	youth	NOUN
aiti-2529	37	44	.	.	PUNCT
aiti-2529	38	1	but	but	CCONJ
aiti-2529	38	2	its	its	PRON
aiti-2529	38	3	business	business	NOUN
aiti-2529	38	4	start	start	VERB
aiti-2529	38	5	-	-	PUNCT
aiti-2529	38	6	up	up	ADP
aiti-2529	38	7	award	award	NOUN
aiti-2529	38	8	targets	target	NOUN
aiti-2529	38	9	businesses	business	NOUN
aiti-2529	38	10	of	of	ADP
aiti-2529	38	11	an	an	DET
aiti-2529	38	12	age	age	NOUN
aiti-2529	38	13	of	of	ADP
aiti-2529	38	14	not	not	PART
aiti-2529	38	15	more	more	ADJ
aiti-2529	38	16	than	than	ADP
aiti-2529	38	17	3	3	NUM
aiti-2529	38	18	years	year	NOUN
aiti-2529	38	19	.	.	PUNCT
aiti-2529	39	1	across	across	ADP
aiti-2529	39	2	relevant	relevant	ADJ
aiti-2529	39	3	studies	study	NOUN
aiti-2529	39	4	,	,	PUNCT
aiti-2529	39	5	businesses	business	NOUN
aiti-2529	39	6	established	establish	VERB
aiti-2529	39	7	within	within	ADP
aiti-2529	39	8	3	3	NUM
aiti-2529	39	9	to	to	PART
aiti-2529	39	10	14	14	NUM
aiti-2529	39	11	years	year	NOUN
aiti-2529	39	12	exhibit	exhibit	VERB
aiti-2529	39	13	essential	essential	ADJ
aiti-2529	39	14	characteristics	characteristic	NOUN
aiti-2529	39	15	of	of	ADP
aiti-2529	39	16	new	new	ADJ
aiti-2529	39	17	ventures	venture	NOUN
aiti-2529	39	18	.	.	PUNCT
aiti-2529	40	1	as	as	SCONJ
aiti-2529	40	2	this	this	DET
aiti-2529	40	3	research	research	NOUN
aiti-2529	40	4	employs	employ	VERB
aiti-2529	40	5	data	datum	NOUN
aiti-2529	40	6	from	from	ADP
aiti-2529	40	7	the	the	DET
aiti-2529	40	8	industry	industry	NOUN
aiti-2529	40	9	,	,	PUNCT
aiti-2529	40	10	commerce	commerce	NOUN
aiti-2529	40	11	,	,	PUNCT
aiti-2529	40	12	and	and	CCONJ
aiti-2529	40	13	service	service	NOUN
aiti-2529	40	14	census	census	NOUN
aiti-2529	40	15	conducted	conduct	VERB
aiti-2529	40	16	every	every	DET
aiti-2529	40	17	5	5	NUM
aiti-2529	40	18	years	year	NOUN
aiti-2529	40	19	by	by	ADP
aiti-2529	40	20	taiwan	taiwan	PROPN
aiti-2529	40	21	’s	’s	PART
aiti-2529	40	22	directorate	directorate	ADJ
aiti-2529	40	23	-	-	PUNCT
aiti-2529	40	24	general	general	NOUN
aiti-2529	40	25	of	of	ADP
aiti-2529	40	26	budget	budget	NOUN
aiti-2529	40	27	,	,	PUNCT
aiti-2529	40	28	accounting	accounting	NOUN
aiti-2529	40	29	,	,	PUNCT
aiti-2529	40	30	and	and	CCONJ
aiti-2529	40	31	statistics	statistic	NOUN
aiti-2529	40	32	,	,	PUNCT
aiti-2529	40	33	subsequent	subsequent	ADJ
aiti-2529	40	34	analysis	analysis	NOUN
aiti-2529	40	35	will	will	AUX
aiti-2529	40	36	define	define	VERB
aiti-2529	40	37	new	new	ADJ
aiti-2529	40	38	ventures	venture	NOUN
aiti-2529	40	39	by	by	ADP
aiti-2529	40	40	an	an	DET
aiti-2529	40	41	age	age	NOUN
aiti-2529	40	42	of	of	ADP
aiti-2529	40	43	not	not	PART
aiti-2529	40	44	more	more	ADJ
aiti-2529	40	45	than	than	ADP
aiti-2529	40	46	five	five	NUM
aiti-2529	40	47	years	year	NOUN
aiti-2529	40	48	.	.	PUNCT
aiti-2529	41	1	businesses	business	NOUN
aiti-2529	41	2	that	that	PRON
aiti-2529	41	3	have	have	AUX
aiti-2529	41	4	continuously	continuously	ADV
aiti-2529	41	5	operated	operate	VERB
aiti-2529	41	6	over	over	ADP
aiti-2529	41	7	more	more	ADJ
aiti-2529	41	8	than	than	ADP
aiti-2529	41	9	5	5	NUM
aiti-2529	41	10	years	year	NOUN
aiti-2529	41	11	are	be	AUX
aiti-2529	41	12	regarded	regard	VERB
aiti-2529	41	13	as	as	ADP
aiti-2529	41	14	survivors	survivor	NOUN
aiti-2529	41	15	.	.	PUNCT
aiti-2529	42	1	marco	marco	PROPN
aiti-2529	42	2	et	et	PROPN
aiti-2529	42	3	al	al	PROPN
aiti-2529	42	4	.	.	PUNCT
aiti-2529	43	1	[	[	X
aiti-2529	43	2	2	2	X
aiti-2529	43	3	]	]	PUNCT
aiti-2529	43	4	examine	examine	VERB
aiti-2529	43	5	a	a	DET
aiti-2529	43	6	sample	sample	NOUN
aiti-2529	43	7	of	of	ADP
aiti-2529	43	8	italian	italian	ADJ
aiti-2529	43	9	companies	company	NOUN
aiti-2529	43	10	between	between	ADP
aiti-2529	43	11	1982	1982	NUM
aiti-2529	43	12	and	and	CCONJ
aiti-2529	43	13	1992	1992	NUM
aiti-2529	43	14	.	.	PUNCT
aiti-2529	44	1	firm	firm	ADJ
aiti-2529	44	2	characteristics	characteristic	NOUN
aiti-2529	44	3	before	before	ADV
aiti-2529	44	4	and	and	CCONJ
aiti-2529	44	5	after	after	ADP
aiti-2529	44	6	the	the	DET
aiti-2529	44	7	public	public	ADJ
aiti-2529	44	8	initial	initial	ADJ
aiti-2529	44	9	offerings	offering	NOUN
aiti-2529	44	10	(	(	PUNCT
aiti-2529	44	11	ipo	ipo	NOUN
aiti-2529	44	12	)	)	PUNCT
aiti-2529	44	13	are	be	AUX
aiti-2529	44	14	compared	compare	VERB
aiti-2529	44	15	in	in	ADP
aiti-2529	44	16	order	order	NOUN
aiti-2529	44	17	to	to	PART
aiti-2529	44	18	find	find	VERB
aiti-2529	44	19	determinants	determinant	NOUN
aiti-2529	44	20	for	for	ADP
aiti-2529	44	21	listing	list	VERB
aiti-2529	44	22	on	on	ADP
aiti-2529	44	23	exchanges	exchange	NOUN
aiti-2529	44	24	.	.	PUNCT
aiti-2529	45	1	the	the	DET
aiti-2529	45	2	authors	author	NOUN
aiti-2529	45	3	adopt	adopt	VERB
aiti-2529	45	4	the	the	DET
aiti-2529	45	5	competitive	competitive	ADJ
aiti-2529	45	6	theory	theory	NOUN
aiti-2529	45	7	to	to	PART
aiti-2529	45	8	distinguish	distinguish	VERB
aiti-2529	45	9	cost	cost	NOUN
aiti-2529	45	10	-	-	PUNCT
aiti-2529	45	11	side	side	NOUN
aiti-2529	45	12	and	and	CCONJ
aiti-2529	45	13	benefit	benefit	NOUN
aiti-2529	45	14	-	-	PUNCT
aiti-2529	45	15	side	side	NOUN
aiti-2529	45	16	determinants	determinant	NOUN
aiti-2529	45	17	and	and	CCONJ
aiti-2529	45	18	classify	classify	VERB
aiti-2529	45	19	new	new	ADJ
aiti-2529	45	20	ventures	venture	NOUN
aiti-2529	45	21	and	and	CCONJ
aiti-2529	45	22	survivors	survivor	NOUN
aiti-2529	45	23	by	by	ADP
aiti-2529	45	24	firm	firm	ADJ
aiti-2529	45	25	age	age	NOUN
aiti-2529	45	26	.	.	PUNCT
aiti-2529	46	1	the	the	DET
aiti-2529	46	2	empirical	empirical	ADJ
aiti-2529	46	3	evidence	evidence	NOUN
aiti-2529	46	4	indicates	indicate	VERB
aiti-2529	46	5	lower	low	ADJ
aiti-2529	46	6	capital	capital	NOUN
aiti-2529	46	7	demand	demand	NOUN
aiti-2529	46	8	reflected	reflect	VERB
aiti-2529	46	9	by	by	ADP
aiti-2529	46	10	a	a	DET
aiti-2529	46	11	lower	low	ADJ
aiti-2529	46	12	debt	debt	NOUN
aiti-2529	46	13	ratio	ratio	NOUN
aiti-2529	46	14	for	for	ADP
aiti-2529	46	15	new	new	ADJ
aiti-2529	46	16	ventures	venture	NOUN
aiti-2529	46	17	as	as	SCONJ
aiti-2529	46	18	these	these	DET
aiti-2529	46	19	businesses	business	NOUN
aiti-2529	46	20	have	have	VERB
aiti-2529	46	21	shorter	short	ADJ
aiti-2529	46	22	operations	operation	NOUN
aiti-2529	46	23	and/or	and/or	CCONJ
aiti-2529	46	24	funds	fund	NOUN
aiti-2529	46	25	provided	provide	VERB
aiti-2529	46	26	by	by	ADP
aiti-2529	46	27	establishing	establish	VERB
aiti-2529	46	28	shareholders	shareholder	NOUN
aiti-2529	46	29	are	be	AUX
aiti-2529	46	30	able	able	ADJ
aiti-2529	46	31	to	to	PART
aiti-2529	46	32	meet	meet	VERB
aiti-2529	46	33	the	the	DET
aiti-2529	46	34	demand	demand	NOUN
aiti-2529	46	35	.	.	PUNCT
aiti-2529	47	1	erel	erel	PROPN
aiti-2529	47	2	et	et	PROPN
aiti-2529	47	3	al	al	PROPN
aiti-2529	47	4	.	.	PUNCT
aiti-2529	48	1	[	[	X
aiti-2529	48	2	3	3	NUM
aiti-2529	48	3	]	]	PUNCT
aiti-2529	48	4	turn	turn	NOUN
aiti-2529	48	5	to	to	ADP
aiti-2529	48	6	a	a	DET
aiti-2529	48	7	larger	large	ADJ
aiti-2529	48	8	sample	sample	NOUN
aiti-2529	48	9	of	of	ADP
aiti-2529	48	10	european	european	ADJ
aiti-2529	48	11	companies	company	NOUN
aiti-2529	48	12	involved	involve	VERB
aiti-2529	48	13	with	with	ADP
aiti-2529	48	14	mergers	merger	NOUN
aiti-2529	48	15	and	and	CCONJ
aiti-2529	48	16	acquisitions	acquisition	NOUN
aiti-2529	48	17	from	from	ADP
aiti-2529	48	18	2001	2001	NUM
aiti-2529	48	19	to	to	ADP
aiti-2529	48	20	2008	2008	NUM
aiti-2529	48	21	and	and	CCONJ
aiti-2529	48	22	investigate	investigate	VERB
aiti-2529	48	23	the	the	DET
aiti-2529	48	24	sensitivity	sensitivity	NOUN
aiti-2529	48	25	of	of	ADP
aiti-2529	48	26	cash	cash	NOUN
aiti-2529	48	27	holdings	holding	NOUN
aiti-2529	48	28	and	and	CCONJ
aiti-2529	48	29	investment	investment	NOUN
aiti-2529	48	30	to	to	ADP
aiti-2529	48	31	cash	cash	NOUN
aiti-2529	48	32	flows	flow	NOUN
aiti-2529	48	33	.	.	PUNCT
aiti-2529	49	1	they	they	PRON
aiti-2529	49	2	find	find	VERB
aiti-2529	49	3	that	that	SCONJ
aiti-2529	49	4	it	it	PRON
aiti-2529	49	5	is	be	AUX
aiti-2529	49	6	the	the	DET
aiti-2529	49	7	survivor	survivor	NOUN
aiti-2529	49	8	rather	rather	ADV
aiti-2529	49	9	than	than	ADP
aiti-2529	49	10	the	the	DET
aiti-2529	49	11	new	new	ADJ
aiti-2529	49	12	venture	venture	NOUN
aiti-2529	49	13	which	which	PRON
aiti-2529	49	14	significantly	significantly	ADV
aiti-2529	49	15	increase	increase	VERB
aiti-2529	49	16	cash	cash	NOUN
aiti-2529	49	17	holdings	holding	NOUN
aiti-2529	49	18	one	one	NUM
aiti-2529	49	19	year	year	NOUN
aiti-2529	49	20	after	after	ADP
aiti-2529	49	21	the	the	DET
aiti-2529	49	22	ipo	ipo	NOUN
aiti-2529	49	23	.	.	PUNCT
aiti-2529	50	1	in	in	ADP
aiti-2529	50	2	addition	addition	NOUN
aiti-2529	50	3	,	,	PUNCT
aiti-2529	50	4	positive	positive	ADJ
aiti-2529	50	5	sensitivity	sensitivity	NOUN
aiti-2529	50	6	of	of	ADP
aiti-2529	50	7	investment	investment	NOUN
aiti-2529	50	8	to	to	ADP
aiti-2529	50	9	cash	cash	NOUN
aiti-2529	50	10	flows	flow	NOUN
aiti-2529	50	11	is	be	AUX
aiti-2529	50	12	found	find	VERB
aiti-2529	50	13	among	among	ADP
aiti-2529	50	14	new	new	ADJ
aiti-2529	50	15	ventures	venture	NOUN
aiti-2529	50	16	,	,	PUNCT
aiti-2529	50	17	which	which	PRON
aiti-2529	50	18	implies	imply	VERB
aiti-2529	50	19	that	that	SCONJ
aiti-2529	50	20	investment	investment	NOUN
aiti-2529	50	21	by	by	ADP
aiti-2529	50	22	financially	financially	ADV
aiti-2529	50	23	constrained	constrain	VERB
aiti-2529	50	24	firms	firm	NOUN
aiti-2529	50	25	mainly	mainly	ADV
aiti-2529	50	26	relies	rely	VERB
aiti-2529	50	27	on	on	ADP
aiti-2529	50	28	own	own	ADJ
aiti-2529	50	29	funds	fund	NOUN
aiti-2529	50	30	as	as	ADP
aiti-2529	50	31	post	post	ADJ
aiti-2529	50	32	-	-	ADJ
aiti-2529	50	33	ipo	ipo	ADJ
aiti-2529	50	34	firm	firm	ADJ
aiti-2529	50	35	characteristics	characteristic	NOUN
aiti-2529	50	36	can	can	AUX
aiti-2529	50	37	not	not	PART
aiti-2529	50	38	not	not	PART
aiti-2529	50	39	be	be	AUX
aiti-2529	50	40	changed	change	VERB
aiti-2529	50	41	immediately	immediately	ADV
aiti-2529	50	42	.	.	PUNCT
aiti-2529	51	1	odm	odm	PROPN
aiti-2529	51	2	oem	oem	PROPN
aiti-2529	51	3	obm	obm	PROPN
aiti-2529	51	4	smile	smile	PROPN
aiti-2529	51	5	curve	curve	NOUN
aiti-2529	51	6	value	value	NOUN
aiti-2529	51	7	added	add	VERB
aiti-2529	51	8	grin	grin	NOUN
aiti-2529	51	9	curve	curve	NOUN
aiti-2529	51	10	forced	force	VERB
aiti-2529	51	11	smile	smile	NOUN
aiti-2529	51	12	curve	curve	NOUN
aiti-2529	51	13	advances	advance	NOUN
aiti-2529	51	14	in	in	ADP
aiti-2529	51	15	technology	technology	NOUN
aiti-2529	51	16	innovation	innovation	NOUN
aiti-2529	51	17	,	,	PUNCT
aiti-2529	51	18	vol	vol	NOUN
aiti-2529	51	19	.	.	PROPN
aiti-2529	52	1	4	4	NUM
aiti-2529	52	2	,	,	PUNCT
aiti-2529	52	3	no	no	INTJ
aiti-2529	52	4	.	.	NOUN
aiti-2529	52	5	1	1	NUM
aiti-2529	52	6	,	,	PUNCT
aiti-2529	52	7	2019	2019	NUM
aiti-2529	52	8	,	,	PUNCT
aiti-2529	52	9	pp	pp	ADV
aiti-2529	52	10	.	.	PUNCT
aiti-2529	53	1	44	44	NUM
aiti-2529	53	2	57	57	NUM
aiti-2529	53	3	46	46	NUM
aiti-2529	53	4	relevant	relevant	ADJ
aiti-2529	53	5	studies	study	NOUN
aiti-2529	53	6	such	such	ADJ
aiti-2529	53	7	as	as	ADP
aiti-2529	53	8	maine	maine	PROPN
aiti-2529	53	9	et	et	PROPN
aiti-2529	53	10	al	al	PROPN
aiti-2529	53	11	.	.	PUNCT
aiti-2529	54	1	[	[	X
aiti-2529	54	2	4	4	X
aiti-2529	54	3	]	]	PUNCT
aiti-2529	54	4	discuss	discuss	NOUN
aiti-2529	54	5	value	value	NOUN
aiti-2529	54	6	creation	creation	NOUN
aiti-2529	54	7	by	by	ADP
aiti-2529	54	8	startupand	startupand	ADJ
aiti-2529	54	9	science	science	NOUN
aiti-2529	54	10	-	-	PUNCT
aiti-2529	54	11	based	base	VERB
aiti-2529	54	12	businesses	business	NOUN
aiti-2529	54	13	such	such	ADJ
aiti-2529	54	14	as	as	ADP
aiti-2529	54	15	biotechnology	biotechnology	NOUN
aiti-2529	54	16	firms	firm	NOUN
aiti-2529	54	17	and	and	CCONJ
aiti-2529	54	18	deepen	deepen	VERB
aiti-2529	54	19	the	the	DET
aiti-2529	54	20	specifics	specific	NOUN
aiti-2529	54	21	inherent	inherent	ADJ
aiti-2529	54	22	in	in	ADP
aiti-2529	54	23	value	value	NOUN
aiti-2529	54	24	creation	creation	NOUN
aiti-2529	54	25	by	by	ADP
aiti-2529	54	26	companies	company	NOUN
aiti-2529	54	27	producing	produce	VERB
aiti-2529	54	28	high	high	ADJ
aiti-2529	54	29	-	-	PUNCT
aiti-2529	54	30	end	end	NOUN
aiti-2529	54	31	materials	material	NOUN
aiti-2529	54	32	.	.	PUNCT
aiti-2529	55	1	the	the	DET
aiti-2529	55	2	authors	author	NOUN
aiti-2529	55	3	apply	apply	VERB
aiti-2529	55	4	hierarchical	hierarchical	ADJ
aiti-2529	55	5	clustering	clustering	NOUN
aiti-2529	55	6	to	to	PART
aiti-2529	55	7	differentiate	differentiate	VERB
aiti-2529	55	8	various	various	ADJ
aiti-2529	55	9	types	type	NOUN
aiti-2529	55	10	of	of	ADP
aiti-2529	55	11	material	material	NOUN
aiti-2529	55	12	technology	technology	NOUN
aiti-2529	55	13	and	and	CCONJ
aiti-2529	55	14	observe	observe	VERB
aiti-2529	55	15	differences	difference	NOUN
aiti-2529	55	16	in	in	ADP
aiti-2529	55	17	value	value	NOUN
aiti-2529	55	18	creation	creation	NOUN
aiti-2529	55	19	driven	drive	VERB
aiti-2529	55	20	by	by	ADP
aiti-2529	55	21	decision	decision	NOUN
aiti-2529	55	22	incorporating	incorporate	VERB
aiti-2529	55	23	uncertainty	uncertainty	NOUN
aiti-2529	55	24	,	,	PUNCT
aiti-2529	55	25	commercialization	commercialization	NOUN
aiti-2529	55	26	of	of	ADP
aiti-2529	55	27	products	product	NOUN
aiti-2529	55	28	,	,	PUNCT
aiti-2529	55	29	target	target	NOUN
aiti-2529	55	30	-	-	PUNCT
aiti-2529	55	31	market	market	NOUN
aiti-2529	55	32	-	-	PUNCT
aiti-2529	55	33	tailored	tailor	VERB
aiti-2529	55	34	r&d	r&d	NOUN
aiti-2529	55	35	,	,	PUNCT
aiti-2529	55	36	and	and	CCONJ
aiti-2529	55	37	value	value	NOUN
aiti-2529	55	38	chain	chain	NOUN
aiti-2529	55	39	integration	integration	NOUN
aiti-2529	55	40	across	across	ADP
aiti-2529	55	41	the	the	DET
aiti-2529	55	42	sample	sample	NOUN
aiti-2529	55	43	firms	firm	NOUN
aiti-2529	55	44	.	.	PUNCT
aiti-2529	56	1	chemmanur	chemmanur	NOUN
aiti-2529	56	2	et	et	PROPN
aiti-2529	56	3	al	al	PROPN
aiti-2529	56	4	.	.	PUNCT
aiti-2529	57	1	[	[	X
aiti-2529	57	2	5	5	X
aiti-2529	57	3	]	]	PUNCT
aiti-2529	57	4	advance	advance	NOUN
aiti-2529	57	5	by	by	ADP
aiti-2529	57	6	connecting	connect	VERB
aiti-2529	57	7	the	the	DET
aiti-2529	57	8	venture	venture	NOUN
aiti-2529	57	9	capital	capital	NOUN
aiti-2529	57	10	firm	firm	NOUN
aiti-2529	57	11	with	with	ADP
aiti-2529	57	12	corporate	corporate	ADJ
aiti-2529	57	13	innovation	innovation	NOUN
aiti-2529	57	14	.	.	PUNCT
aiti-2529	58	1	the	the	DET
aiti-2529	58	2	authors	author	NOUN
aiti-2529	58	3	substantiate	substantiate	VERB
aiti-2529	58	4	a	a	DET
aiti-2529	58	5	higher	high	ADJ
aiti-2529	58	6	degree	degree	NOUN
aiti-2529	58	7	of	of	ADP
aiti-2529	58	8	innovation	innovation	NOUN
aiti-2529	58	9	in	in	ADP
aiti-2529	58	10	venture	venture	NOUN
aiti-2529	58	11	capital	capital	NOUN
aiti-2529	58	12	firms	firm	NOUN
aiti-2529	58	13	established	establish	VERB
aiti-2529	58	14	and	and	CCONJ
aiti-2529	58	15	supported	support	VERB
aiti-2529	58	16	by	by	ADP
aiti-2529	58	17	parent	parent	NOUN
aiti-2529	58	18	firms	firm	NOUN
aiti-2529	58	19	than	than	ADP
aiti-2529	58	20	in	in	ADP
aiti-2529	58	21	those	those	PRON
aiti-2529	58	22	which	which	PRON
aiti-2529	58	23	operate	operate	VERB
aiti-2529	58	24	independently	independently	ADV
aiti-2529	58	25	,	,	PUNCT
aiti-2529	58	26	suggesting	suggest	VERB
aiti-2529	58	27	the	the	DET
aiti-2529	58	28	key	key	ADJ
aiti-2529	58	29	role	role	NOUN
aiti-2529	58	30	played	play	VERB
aiti-2529	58	31	by	by	ADP
aiti-2529	58	32	industrial	industrial	ADJ
aiti-2529	58	33	knowledge	knowledge	NOUN
aiti-2529	58	34	and	and	CCONJ
aiti-2529	58	35	greater	great	ADJ
aiti-2529	58	36	room	room	NOUN
aiti-2529	58	37	for	for	ADP
aiti-2529	58	38	failure	failure	NOUN
aiti-2529	58	39	in	in	ADP
aiti-2529	58	40	value	value	NOUN
aiti-2529	58	41	creation	creation	NOUN
aiti-2529	58	42	achieved	achieve	VERB
aiti-2529	58	43	by	by	ADP
aiti-2529	58	44	external	external	ADJ
aiti-2529	58	45	venture	venture	NOUN
aiti-2529	58	46	capital	capital	NOUN
aiti-2529	58	47	.	.	PUNCT
aiti-2529	59	1	yang	yang	PROPN
aiti-2529	59	2	et	et	PROPN
aiti-2529	59	3	al	al	PROPN
aiti-2529	59	4	.	.	PUNCT
aiti-2529	60	1	[	[	X
aiti-2529	60	2	6	6	NUM
aiti-2529	60	3	]	]	PUNCT
aiti-2529	60	4	continue	continue	VERB
aiti-2529	60	5	the	the	DET
aiti-2529	60	6	studies	study	NOUN
aiti-2529	60	7	in	in	ADP
aiti-2529	60	8	corporate	corporate	ADJ
aiti-2529	60	9	growth	growth	NOUN
aiti-2529	60	10	and	and	CCONJ
aiti-2529	60	11	find	find	VERB
aiti-2529	60	12	a	a	DET
aiti-2529	60	13	u	u	NOUN
aiti-2529	60	14	-	-	ADJ
aiti-2529	60	15	shaped	shape	VERB
aiti-2529	60	16	relation	relation	NOUN
aiti-2529	60	17	between	between	ADP
aiti-2529	60	18	diversification	diversification	NOUN
aiti-2529	60	19	by	by	ADP
aiti-2529	60	20	venture	venture	NOUN
aiti-2529	60	21	capital	capital	NOUN
aiti-2529	60	22	businesses	business	NOUN
aiti-2529	60	23	and	and	CCONJ
aiti-2529	60	24	value	value	NOUN
aiti-2529	60	25	creation	creation	NOUN
aiti-2529	60	26	of	of	ADP
aiti-2529	60	27	new	new	ADJ
aiti-2529	60	28	ventures	venture	NOUN
aiti-2529	60	29	.	.	PUNCT
aiti-2529	61	1	quentier	quentier	PROPN
aiti-2529	62	1	[	[	X
aiti-2529	62	2	7	7	X
aiti-2529	62	3	]	]	PUNCT
aiti-2529	62	4	deepens	deepen	VERB
aiti-2529	62	5	with	with	ADP
aiti-2529	62	6	analysis	analysis	NOUN
aiti-2529	62	7	of	of	ADP
aiti-2529	62	8	self	self	NOUN
aiti-2529	62	9	-	-	PUNCT
aiti-2529	62	10	employment	employment	NOUN
aiti-2529	62	11	by	by	ADP
aiti-2529	62	12	the	the	DET
aiti-2529	62	13	unemployed	unemployed	ADJ
aiti-2529	62	14	through	through	ADP
aiti-2529	62	15	creation	creation	NOUN
aiti-2529	62	16	of	of	ADP
aiti-2529	62	17	new	new	ADJ
aiti-2529	62	18	ventures	venture	NOUN
aiti-2529	62	19	and	and	CCONJ
aiti-2529	62	20	find	find	VERB
aiti-2529	62	21	that	that	SCONJ
aiti-2529	62	22	government	government	NOUN
aiti-2529	62	23	subsidies	subsidy	NOUN
aiti-2529	62	24	in	in	ADP
aiti-2529	62	25	the	the	DET
aiti-2529	62	26	form	form	NOUN
aiti-2529	62	27	of	of	ADP
aiti-2529	62	28	loans	loan	NOUN
aiti-2529	62	29	better	well	ADV
aiti-2529	62	30	increase	increase	VERB
aiti-2529	62	31	quality	quality	NOUN
aiti-2529	62	32	and	and	CCONJ
aiti-2529	62	33	selection	selection	NOUN
aiti-2529	62	34	of	of	ADP
aiti-2529	62	35	new	new	ADJ
aiti-2529	62	36	ventures	venture	NOUN
aiti-2529	62	37	than	than	ADP
aiti-2529	62	38	direct	direct	ADJ
aiti-2529	62	39	subsidies	subsidy	NOUN
aiti-2529	62	40	.	.	PUNCT
aiti-2529	63	1	the	the	DET
aiti-2529	63	2	loans	loan	NOUN
aiti-2529	63	3	also	also	ADV
aiti-2529	63	4	serve	serve	VERB
aiti-2529	63	5	to	to	PART
aiti-2529	63	6	solve	solve	VERB
aiti-2529	63	7	financial	financial	ADJ
aiti-2529	63	8	constraint	constraint	NOUN
aiti-2529	63	9	faced	face	VERB
aiti-2529	63	10	by	by	ADP
aiti-2529	63	11	these	these	DET
aiti-2529	63	12	new	new	ADJ
aiti-2529	63	13	ventures	venture	NOUN
aiti-2529	63	14	.	.	PUNCT
aiti-2529	64	1	fig	fig	NOUN
aiti-2529	64	2	.	.	PUNCT
aiti-2529	65	1	2	2	NUM
aiti-2529	65	2	synthesizes	synthesize	VERB
aiti-2529	65	3	the	the	DET
aiti-2529	65	4	theoretical	theoretical	ADJ
aiti-2529	65	5	foundations	foundation	NOUN
aiti-2529	65	6	inherent	inherent	ADJ
aiti-2529	65	7	in	in	ADP
aiti-2529	65	8	the	the	DET
aiti-2529	65	9	technology	technology	NOUN
aiti-2529	65	10	gap	gap	NOUN
aiti-2529	65	11	theory	theory	NOUN
aiti-2529	65	12	suggested	suggest	VERB
aiti-2529	65	13	by	by	ADP
aiti-2529	65	14	posner	posner	NOUN
aiti-2529	65	15	[	[	X
aiti-2529	65	16	8	8	NUM
aiti-2529	65	17	]	]	PUNCT
aiti-2529	65	18	with	with	ADP
aiti-2529	65	19	illustration	illustration	NOUN
aiti-2529	65	20	of	of	ADP
aiti-2529	65	21	strategies	strategy	NOUN
aiti-2529	65	22	by	by	ADP
aiti-2529	65	23	the	the	DET
aiti-2529	65	24	oem	oem	PROPN
aiti-2529	65	25	,	,	PUNCT
aiti-2529	65	26	odm	odm	PROPN
aiti-2529	65	27	,	,	PUNCT
aiti-2529	65	28	and	and	CCONJ
aiti-2529	65	29	obm	obm	PROPN
aiti-2529	65	30	.	.	PUNCT
aiti-2529	66	1	the	the	DET
aiti-2529	66	2	firm	firm	NOUN
aiti-2529	66	3	is	be	AUX
aiti-2529	66	4	not	not	PART
aiti-2529	66	5	established	establish	VERB
aiti-2529	66	6	over	over	ADP
aiti-2529	66	7	the	the	DET
aiti-2529	66	8	period	period	NOUN
aiti-2529	66	9	of	of	ADP
aiti-2529	66	10	t0	t0	NOUN
aiti-2529	66	11	~	~	NOUN
aiti-2529	66	12	t1	t1	NOUN
aiti-2529	66	13	for	for	ADP
aiti-2529	66	14	lack	lack	NOUN
aiti-2529	66	15	of	of	ADP
aiti-2529	66	16	competitiveness	competitiveness	NOUN
aiti-2529	66	17	and	and	CCONJ
aiti-2529	66	18	starts	start	VERB
aiti-2529	66	19	to	to	PART
aiti-2529	66	20	imitate	imitate	VERB
aiti-2529	66	21	other	other	ADJ
aiti-2529	66	22	firms	firm	NOUN
aiti-2529	66	23	by	by	ADP
aiti-2529	66	24	operation	operation	NOUN
aiti-2529	66	25	in	in	ADP
aiti-2529	66	26	the	the	DET
aiti-2529	66	27	form	form	NOUN
aiti-2529	66	28	of	of	ADP
aiti-2529	66	29	oem	oem	NOUN
aiti-2529	66	30	regarding	regard	VERB
aiti-2529	66	31	conditions	condition	NOUN
aiti-2529	66	32	such	such	ADJ
aiti-2529	66	33	as	as	ADP
aiti-2529	66	34	the	the	DET
aiti-2529	66	35	economies	economy	NOUN
aiti-2529	66	36	of	of	ADP
aiti-2529	66	37	scale	scale	NOUN
aiti-2529	66	38	,	,	PUNCT
aiti-2529	66	39	production	production	NOUN
aiti-2529	66	40	standardization	standardization	NOUN
aiti-2529	66	41	,	,	PUNCT
aiti-2529	66	42	and	and	CCONJ
aiti-2529	66	43	initial	initial	ADJ
aiti-2529	66	44	capacity	capacity	NOUN
aiti-2529	66	45	over	over	ADP
aiti-2529	66	46	the	the	DET
aiti-2529	66	47	period	period	NOUN
aiti-2529	66	48	of	of	ADP
aiti-2529	66	49	t1	t1	PROPN
aiti-2529	66	50	~	~	NOUN
aiti-2529	66	51	t2	t2	NOUN
aiti-2529	66	52	.	.	PUNCT
aiti-2529	67	1	then	then	ADV
aiti-2529	67	2	the	the	DET
aiti-2529	67	3	firm	firm	NOUN
aiti-2529	67	4	gradually	gradually	ADV
aiti-2529	67	5	raises	raise	VERB
aiti-2529	67	6	operation	operation	NOUN
aiti-2529	67	7	performance	performance	NOUN
aiti-2529	67	8	(	(	PUNCT
aiti-2529	67	9	op	op	NOUN
aiti-2529	67	10	)	)	PUNCT
aiti-2529	67	11	along	along	ADP
aiti-2529	67	12	the	the	DET
aiti-2529	67	13	path	path	NOUN
aiti-2529	67	14	of	of	ADP
aiti-2529	67	15	t1a	t1a	NOUN
aiti-2529	67	16	under	under	ADP
aiti-2529	67	17	the	the	DET
aiti-2529	67	18	imitation	imitation	NOUN
aiti-2529	67	19	lag	lag	NOUN
aiti-2529	67	20	.	.	PUNCT
aiti-2529	68	1	however	however	ADV
aiti-2529	68	2	,	,	PUNCT
aiti-2529	68	3	the	the	DET
aiti-2529	68	4	firm	firm	NOUN
aiti-2529	68	5	which	which	PRON
aiti-2529	68	6	keeps	keep	VERB
aiti-2529	68	7	the	the	DET
aiti-2529	68	8	oem	oem	NOUN
aiti-2529	68	9	strategy	strategy	NOUN
aiti-2529	68	10	may	may	AUX
aiti-2529	68	11	face	face	VERB
aiti-2529	68	12	stagnant	stagnant	ADJ
aiti-2529	68	13	or	or	CCONJ
aiti-2529	68	14	decreasing	decrease	VERB
aiti-2529	68	15	op	op	NOUN
aiti-2529	68	16	and	and	CCONJ
aiti-2529	68	17	enjoy	enjoy	VERB
aiti-2529	68	18	the	the	DET
aiti-2529	68	19	marginal	marginal	ADJ
aiti-2529	68	20	profit	profit	NOUN
aiti-2529	68	21	only	only	ADV
aiti-2529	68	22	under	under	ADP
aiti-2529	68	23	the	the	DET
aiti-2529	68	24	agency	agency	NOUN
aiti-2529	68	25	problem	problem	NOUN
aiti-2529	68	26	caused	cause	VERB
aiti-2529	68	27	by	by	ADP
aiti-2529	68	28	high	high	ADJ
aiti-2529	68	29	concentration	concentration	NOUN
aiti-2529	68	30	of	of	ADP
aiti-2529	68	31	buyers	buyer	NOUN
aiti-2529	68	32	or	or	CCONJ
aiti-2529	68	33	an	an	DET
aiti-2529	68	34	increase	increase	NOUN
aiti-2529	68	35	in	in	ADP
aiti-2529	68	36	competitors	competitor	NOUN
aiti-2529	68	37	as	as	SCONJ
aiti-2529	68	38	suggested	suggest	VERB
aiti-2529	68	39	by	by	ADP
aiti-2529	68	40	the	the	DET
aiti-2529	68	41	transaction	transaction	NOUN
aiti-2529	68	42	cost	cost	NOUN
aiti-2529	68	43	theory	theory	NOUN
aiti-2529	68	44	.	.	PUNCT
aiti-2529	69	1	to	to	PART
aiti-2529	69	2	avoid	avoid	VERB
aiti-2529	69	3	such	such	DET
aiti-2529	69	4	a	a	DET
aiti-2529	69	5	strategic	strategic	ADJ
aiti-2529	69	6	problem	problem	NOUN
aiti-2529	69	7	for	for	ADP
aiti-2529	69	8	oem	oem	PROPN
aiti-2529	69	9	,	,	PUNCT
aiti-2529	69	10	the	the	DET
aiti-2529	69	11	firm	firm	NOUN
aiti-2529	69	12	should	should	AUX
aiti-2529	69	13	adopt	adopt	VERB
aiti-2529	69	14	the	the	DET
aiti-2529	69	15	odm	odm	PROPN
aiti-2529	69	16	strategy	strategy	NOUN
aiti-2529	69	17	by	by	ADP
aiti-2529	69	18	an	an	DET
aiti-2529	69	19	increase	increase	NOUN
aiti-2529	69	20	in	in	ADP
aiti-2529	69	21	spending	spending	NOUN
aiti-2529	69	22	on	on	ADP
aiti-2529	69	23	research	research	NOUN
aiti-2529	69	24	and	and	CCONJ
aiti-2529	69	25	development	development	NOUN
aiti-2529	69	26	to	to	PART
aiti-2529	69	27	gain	gain	VERB
aiti-2529	69	28	patents	patent	NOUN
aiti-2529	69	29	at	at	ADP
aiti-2529	69	30	the	the	DET
aiti-2529	69	31	initial	initial	ADJ
aiti-2529	69	32	expense	expense	NOUN
aiti-2529	69	33	of	of	ADP
aiti-2529	69	34	the	the	DET
aiti-2529	69	35	design	design	NOUN
aiti-2529	69	36	lag	lag	NOUN
aiti-2529	69	37	and	and	CCONJ
aiti-2529	69	38	failure	failure	NOUN
aiti-2529	69	39	in	in	ADP
aiti-2529	69	40	the	the	DET
aiti-2529	69	41	early	early	ADJ
aiti-2529	69	42	state	state	NOUN
aiti-2529	69	43	of	of	ADP
aiti-2529	69	44	innovation	innovation	NOUN
aiti-2529	69	45	,	,	PUNCT
aiti-2529	69	46	making	make	VERB
aiti-2529	69	47	op	op	NOUN
aiti-2529	69	48	fall	fall	VERB
aiti-2529	69	49	along	along	ADP
aiti-2529	69	50	the	the	DET
aiti-2529	69	51	path	path	NOUN
aiti-2529	69	52	of	of	ADP
aiti-2529	69	53	ab	ab	PROPN
aiti-2529	69	54	over	over	ADP
aiti-2529	69	55	the	the	DET
aiti-2529	69	56	period	period	NOUN
aiti-2529	69	57	of	of	ADP
aiti-2529	69	58	t2	t2	NOUN
aiti-2529	69	59	~	~	SYM
aiti-2529	69	60	t3	t3	PROPN
aiti-2529	69	61	.	.	PUNCT
aiti-2529	70	1	beyond	beyond	ADP
aiti-2529	70	2	t3	t3	PROPN
aiti-2529	70	3	,	,	PUNCT
aiti-2529	70	4	the	the	DET
aiti-2529	70	5	firm	firm	NOUN
aiti-2529	70	6	’s	’s	PART
aiti-2529	70	7	op	op	NOUN
aiti-2529	70	8	gradually	gradually	ADV
aiti-2529	70	9	rises	rise	VERB
aiti-2529	70	10	along	along	ADP
aiti-2529	70	11	the	the	DET
aiti-2529	70	12	path	path	NOUN
aiti-2529	70	13	of	of	ADP
aiti-2529	70	14	bc	bc	PROPN
aiti-2529	70	15	with	with	ADP
aiti-2529	70	16	advantages	advantage	NOUN
aiti-2529	70	17	from	from	ADP
aiti-2529	70	18	technological	technological	ADJ
aiti-2529	70	19	improvement	improvement	NOUN
aiti-2529	70	20	and	and	CCONJ
aiti-2529	70	21	creation	creation	NOUN
aiti-2529	70	22	of	of	ADP
aiti-2529	70	23	new	new	ADJ
aiti-2529	70	24	product	product	NOUN
aiti-2529	70	25	.	.	PUNCT
aiti-2529	71	1	if	if	SCONJ
aiti-2529	71	2	other	other	ADJ
aiti-2529	71	3	oems	oem	NOUN
aiti-2529	71	4	also	also	ADV
aiti-2529	71	5	experience	experience	VERB
aiti-2529	71	6	imitation	imitation	NOUN
aiti-2529	71	7	and	and	CCONJ
aiti-2529	71	8	design	design	NOUN
aiti-2529	71	9	lags	lag	VERB
aiti-2529	71	10	to	to	PART
aiti-2529	71	11	catch	catch	VERB
aiti-2529	71	12	the	the	DET
aiti-2529	71	13	firm	firm	NOUN
aiti-2529	71	14	’s	’s	PART
aiti-2529	71	15	odm	odm	PROPN
aiti-2529	71	16	strategy	strategy	NOUN
aiti-2529	71	17	,	,	PUNCT
aiti-2529	71	18	the	the	DET
aiti-2529	71	19	firm	firm	NOUN
aiti-2529	71	20	’s	’s	PART
aiti-2529	71	21	op	op	NOUN
aiti-2529	71	22	may	may	AUX
aiti-2529	71	23	become	become	VERB
aiti-2529	71	24	stagnant	stagnant	ADJ
aiti-2529	71	25	or	or	CCONJ
aiti-2529	71	26	declining	decline	VERB
aiti-2529	71	27	beyond	beyond	ADP
aiti-2529	71	28	t4	t4	PROPN
aiti-2529	71	29	under	under	ADP
aiti-2529	71	30	the	the	DET
aiti-2529	71	31	love	love	NOUN
aiti-2529	71	32	for	for	ADP
aiti-2529	71	33	varieties	variety	NOUN
aiti-2529	71	34	by	by	ADP
aiti-2529	71	35	consumers	consumer	NOUN
aiti-2529	71	36	.	.	PUNCT
aiti-2529	72	1	as	as	SCONJ
aiti-2529	72	2	suggested	suggest	VERB
aiti-2529	72	3	in	in	ADP
aiti-2529	72	4	the	the	DET
aiti-2529	72	5	product	product	NOUN
aiti-2529	72	6	differentiation	differentiation	NOUN
aiti-2529	72	7	theory	theory	NOUN
aiti-2529	72	8	by	by	ADP
aiti-2529	72	9	krugman	krugman	PROPN
aiti-2529	72	10	[	[	X
aiti-2529	72	11	9	9	NUM
aiti-2529	72	12	]	]	PUNCT
aiti-2529	72	13	and	and	CCONJ
aiti-2529	72	14	attribute	attribute	NOUN
aiti-2529	72	15	differential	differential	NOUN
aiti-2529	72	16	theory	theory	NOUN
aiti-2529	72	17	by	by	ADP
aiti-2529	72	18	lancaster	lancaster	PROPN
aiti-2529	73	1	[	[	X
aiti-2529	73	2	10	10	NUM
aiti-2529	73	3	]	]	PUNCT
aiti-2529	73	4	,	,	PUNCT
aiti-2529	73	5	the	the	DET
aiti-2529	73	6	odm	odm	PROPN
aiti-2529	73	7	’s	’s	PART
aiti-2529	73	8	gross	gross	ADJ
aiti-2529	73	9	margin	margin	NOUN
aiti-2529	73	10	will	will	AUX
aiti-2529	73	11	decrease	decrease	VERB
aiti-2529	73	12	with	with	ADP
aiti-2529	73	13	mass	mass	ADJ
aiti-2529	73	14	customization	customization	NOUN
aiti-2529	73	15	.	.	PUNCT
aiti-2529	74	1	to	to	PART
aiti-2529	74	2	increase	increase	VERB
aiti-2529	74	3	op	op	NOUN
aiti-2529	74	4	,	,	PUNCT
aiti-2529	74	5	the	the	DET
aiti-2529	74	6	obm	obm	PROPN
aiti-2529	74	7	strategy	strategy	NOUN
aiti-2529	74	8	should	should	AUX
aiti-2529	74	9	be	be	AUX
aiti-2529	74	10	adopted	adopt	VERB
aiti-2529	74	11	,	,	PUNCT
aiti-2529	74	12	but	but	CCONJ
aiti-2529	74	13	the	the	DET
aiti-2529	74	14	firm	firm	NOUN
aiti-2529	74	15	has	have	VERB
aiti-2529	74	16	to	to	PART
aiti-2529	74	17	experience	experience	VERB
aiti-2529	74	18	the	the	DET
aiti-2529	74	19	demand	demand	NOUN
aiti-2529	74	20	lag	lag	NOUN
aiti-2529	74	21	and	and	CCONJ
aiti-2529	74	22	substantial	substantial	ADJ
aiti-2529	74	23	branding	branding	NOUN
aiti-2529	74	24	investment	investment	NOUN
aiti-2529	74	25	over	over	ADP
aiti-2529	74	26	the	the	DET
aiti-2529	74	27	period	period	NOUN
aiti-2529	74	28	t4	t4	PROPN
aiti-2529	75	1	~	~	PROPN
aiti-2529	75	2	t5	t5	PROPN
aiti-2529	75	3	where	where	SCONJ
aiti-2529	75	4	op	op	NOUN
aiti-2529	75	5	falls	fall	VERB
aiti-2529	75	6	along	along	ADP
aiti-2529	75	7	the	the	DET
aiti-2529	75	8	path	path	NOUN
aiti-2529	75	9	of	of	ADP
aiti-2529	75	10	cd	cd	PROPN
aiti-2529	75	11	.	.	PUNCT
aiti-2529	76	1	only	only	ADV
aiti-2529	76	2	as	as	SCONJ
aiti-2529	76	3	the	the	DET
aiti-2529	76	4	capability	capability	NOUN
aiti-2529	76	5	for	for	ADP
aiti-2529	76	6	product	product	NOUN
aiti-2529	76	7	differentiation	differentiation	NOUN
aiti-2529	76	8	,	,	PUNCT
aiti-2529	76	9	operational	operational	ADJ
aiti-2529	76	10	digitalization	digitalization	NOUN
aiti-2529	76	11	,	,	PUNCT
aiti-2529	76	12	investment	investment	NOUN
aiti-2529	76	13	in	in	ADP
aiti-2529	76	14	intangible	intangible	ADJ
aiti-2529	76	15	assets	asset	NOUN
aiti-2529	76	16	,	,	PUNCT
aiti-2529	76	17	and	and	CCONJ
aiti-2529	76	18	internationalization	internationalization	NOUN
aiti-2529	76	19	reach	reach	VERB
aiti-2529	76	20	a	a	DET
aiti-2529	76	21	stable	stable	ADJ
aiti-2529	76	22	level	level	NOUN
aiti-2529	76	23	,	,	PUNCT
aiti-2529	76	24	the	the	DET
aiti-2529	76	25	firm	firm	NOUN
aiti-2529	76	26	’s	’s	PART
aiti-2529	76	27	op	op	NOUN
aiti-2529	76	28	grows	grow	VERB
aiti-2529	76	29	along	along	ADP
aiti-2529	76	30	the	the	DET
aiti-2529	76	31	path	path	NOUN
aiti-2529	76	32	of	of	ADP
aiti-2529	76	33	de	de	PROPN
aiti-2529	76	34	.	.	PROPN
aiti-2529	76	35	fig	fig	NOUN
aiti-2529	76	36	.	.	PUNCT
aiti-2529	77	1	2	2	NUM
aiti-2529	77	2	strategies	strategy	NOUN
aiti-2529	77	3	by	by	ADP
aiti-2529	77	4	oem	oem	PROPN
aiti-2529	77	5	,	,	PUNCT
aiti-2529	77	6	odm	odm	PROPN
aiti-2529	77	7	,	,	PUNCT
aiti-2529	77	8	and	and	CCONJ
aiti-2529	77	9	obm	obm	NUM
aiti-2529	77	10	fig	fig	NOUN
aiti-2529	77	11	.	.	PUNCT
aiti-2529	78	1	3	3	NUM
aiti-2529	78	2	business	business	NOUN
aiti-2529	78	3	life	life	NOUN
aiti-2529	78	4	cycle	cycle	NOUN
aiti-2529	78	5	,	,	PUNCT
aiti-2529	78	6	internationalization	internationalization	NOUN
aiti-2529	78	7	,	,	PUNCT
aiti-2529	78	8	and	and	CCONJ
aiti-2529	78	9	value	value	NOUN
aiti-2529	78	10	creation	creation	NOUN
aiti-2529	78	11	in	in	ADP
aiti-2529	78	12	literature	literature	NOUN
aiti-2529	78	13	,	,	PUNCT
aiti-2529	78	14	dunning	dun	VERB
aiti-2529	78	15	[	[	X
aiti-2529	78	16	11	11	NUM
aiti-2529	78	17	]	]	PUNCT
aiti-2529	78	18	,	,	PUNCT
aiti-2529	78	19	wagner	wagner	PROPN
aiti-2529	79	1	[	[	X
aiti-2529	79	2	12	12	NUM
aiti-2529	79	3	]	]	PUNCT
aiti-2529	79	4	,	,	PUNCT
aiti-2529	79	5	bhide	bhide	ADV
aiti-2529	80	1	[	[	X
aiti-2529	80	2	13	13	NUM
aiti-2529	80	3	]	]	PUNCT
aiti-2529	80	4	,	,	PUNCT
aiti-2529	80	5	zahra	zahra	PROPN
aiti-2529	80	6	et	et	PROPN
aiti-2529	80	7	al	al	PROPN
aiti-2529	80	8	.	.	PUNCT
aiti-2529	81	1	[	[	X
aiti-2529	81	2	14	14	NUM
aiti-2529	81	3	]	]	X
aiti-2529	81	4	,	,	PUNCT
aiti-2529	81	5	kuo	kuo	PROPN
aiti-2529	81	6	and	and	CCONJ
aiti-2529	81	7	li	li	PROPN
aiti-2529	82	1	[	[	X
aiti-2529	82	2	15	15	NUM
aiti-2529	82	3	]	]	PUNCT
aiti-2529	82	4	,	,	PUNCT
aiti-2529	82	5	head	head	NOUN
aiti-2529	82	6	and	and	CCONJ
aiti-2529	82	7	ries	rie	NOUN
aiti-2529	83	1	[	[	X
aiti-2529	83	2	16	16	NUM
aiti-2529	83	3	]	]	PUNCT
aiti-2529	83	4	,	,	PUNCT
aiti-2529	83	5	and	and	CCONJ
aiti-2529	83	6	hmieleski	hmieleski	VERB
aiti-2529	83	7	and	and	CCONJ
aiti-2529	83	8	baron	baron	NOUN
aiti-2529	84	1	[	[	X
aiti-2529	84	2	17	17	NUM
aiti-2529	84	3	]	]	PUNCT
aiti-2529	84	4	discuss	discuss	NOUN
aiti-2529	84	5	from	from	ADP
aiti-2529	84	6	various	various	ADJ
aiti-2529	84	7	dimensions	dimension	NOUN
aiti-2529	84	8	the	the	DET
aiti-2529	84	9	strategies	strategy	NOUN
aiti-2529	84	10	for	for	ADP
aiti-2529	84	11	business	business	NOUN
aiti-2529	84	12	evolution	evolution	NOUN
aiti-2529	84	13	and	and	CCONJ
aiti-2529	84	14	expansion	expansion	NOUN
aiti-2529	84	15	in	in	ADP
aiti-2529	84	16	the	the	DET
aiti-2529	84	17	context	context	NOUN
aiti-2529	84	18	of	of	ADP
aiti-2529	84	19	international	international	ADJ
aiti-2529	84	20	competition	competition	NOUN
aiti-2529	84	21	.	.	PUNCT
aiti-2529	85	1	kumar	kumar	PROPN
aiti-2529	85	2	and	and	CCONJ
aiti-2529	85	3	siddharthan	siddharthan	NOUN
aiti-2529	86	1	[	[	X
aiti-2529	86	2	18	18	NUM
aiti-2529	86	3	]	]	PUNCT
aiti-2529	86	4	place	place	NOUN
aiti-2529	86	5	focus	focus	VERB
aiti-2529	86	6	on	on	ADP
aiti-2529	86	7	the	the	DET
aiti-2529	86	8	indian	indian	ADJ
aiti-2529	86	9	enterprises	enterprise	NOUN
aiti-2529	86	10	,	,	PUNCT
aiti-2529	86	11	whereas	whereas	SCONJ
aiti-2529	86	12	chen	chen	PROPN
aiti-2529	87	1	[	[	X
aiti-2529	87	2	19	19	NUM
aiti-2529	87	3	]	]	PUNCT
aiti-2529	87	4	,	,	PUNCT
aiti-2529	87	5	lundquist	lundquist	PROPN
aiti-2529	88	1	[	[	X
aiti-2529	88	2	20	20	NUM
aiti-2529	88	3	]	]	PUNCT
aiti-2529	88	4	,	,	PUNCT
aiti-2529	88	5	lin	lin	PROPN
aiti-2529	89	1	[	[	X
aiti-2529	89	2	21	21	NUM
aiti-2529	89	3	]	]	PUNCT
aiti-2529	89	4	,	,	PUNCT
aiti-2529	89	5	and	and	CCONJ
aiti-2529	89	6	lin	lin	PROPN
aiti-2529	89	7	et	et	PROPN
aiti-2529	89	8	al	al	PROPN
aiti-2529	89	9	.	.	PUNCT
aiti-2529	90	1	[	[	X
aiti-2529	90	2	22	22	NUM
aiti-2529	90	3	]	]	PUNCT
aiti-2529	90	4	examine	examine	NOUN
aiti-2529	90	5	businesses	business	NOUN
aiti-2529	90	6	in	in	ADP
aiti-2529	90	7	taiwan	taiwan	PROPN
aiti-2529	90	8	.	.	PUNCT
aiti-2529	91	1	this	this	DET
aiti-2529	91	2	paper	paper	NOUN
aiti-2529	91	3	attempts	attempt	VERB
aiti-2529	91	4	to	to	PART
aiti-2529	91	5	evaluate	evaluate	VERB
aiti-2529	91	6	whether	whether	SCONJ
aiti-2529	91	7	the	the	DET
aiti-2529	91	8	firm	firm	NOUN
aiti-2529	91	9	’s	’s	PART
aiti-2529	91	10	operating	operating	NOUN
aiti-2529	91	11	advances	advance	NOUN
aiti-2529	91	12	in	in	ADP
aiti-2529	91	13	technology	technology	NOUN
aiti-2529	91	14	innovation	innovation	NOUN
aiti-2529	91	15	,	,	PUNCT
aiti-2529	91	16	vol	vol	NOUN
aiti-2529	91	17	.	.	PROPN
aiti-2529	91	18	4	4	NUM
aiti-2529	91	19	,	,	PUNCT
aiti-2529	91	20	no	no	INTJ
aiti-2529	91	21	.	.	NOUN
aiti-2529	91	22	1	1	NUM
aiti-2529	91	23	,	,	PUNCT
aiti-2529	91	24	2019	2019	NUM
aiti-2529	91	25	,	,	PUNCT
aiti-2529	91	26	pp	pp	ADV
aiti-2529	91	27	.	.	PUNCT
aiti-2529	92	1	44	44	NUM
aiti-2529	92	2	57	57	NUM
aiti-2529	92	3	47	47	NUM
aiti-2529	92	4	years	year	NOUN
aiti-2529	92	5	(	(	PUNCT
aiti-2529	92	6	business	business	NOUN
aiti-2529	92	7	life	life	NOUN
aiti-2529	92	8	cycle	cycle	NOUN
aiti-2529	92	9	)	)	PUNCT
aiti-2529	92	10	and	and	CCONJ
aiti-2529	92	11	internationalization	internationalization	NOUN
aiti-2529	92	12	(	(	PUNCT
aiti-2529	92	13	overseas	overseas	ADJ
aiti-2529	92	14	investment	investment	NOUN
aiti-2529	92	15	and	and	CCONJ
aiti-2529	92	16	export	export	NOUN
aiti-2529	92	17	)	)	PUNCT
aiti-2529	92	18	shift	shift	VERB
aiti-2529	92	19	the	the	DET
aiti-2529	92	20	smile	smile	NOUN
aiti-2529	92	21	curve	curve	NOUN
aiti-2529	92	22	up	up	ADP
aiti-2529	92	23	to	to	PART
aiti-2529	92	24	strengthen	strengthen	VERB
aiti-2529	92	25	value	value	NOUN
aiti-2529	92	26	creation	creation	NOUN
aiti-2529	92	27	,	,	PUNCT
aiti-2529	92	28	illustrated	illustrate	VERB
aiti-2529	92	29	by	by	ADP
aiti-2529	92	30	fig	fig	NOUN
aiti-2529	92	31	.	.	PUNCT
aiti-2529	93	1	3	3	X
aiti-2529	93	2	.	.	NOUN
aiti-2529	93	3	subsequent	subsequent	ADJ
aiti-2529	93	4	analysis	analysis	NOUN
aiti-2529	93	5	is	be	AUX
aiti-2529	93	6	to	to	PART
aiti-2529	93	7	construct	construct	VERB
aiti-2529	93	8	a	a	DET
aiti-2529	93	9	regression	regression	NOUN
aiti-2529	93	10	model	model	NOUN
aiti-2529	93	11	of	of	ADP
aiti-2529	93	12	value	value	NOUN
aiti-2529	93	13	creation	creation	NOUN
aiti-2529	93	14	and	and	CCONJ
aiti-2529	93	15	assess	assess	VERB
aiti-2529	93	16	the	the	DET
aiti-2529	93	17	impact	impact	NOUN
aiti-2529	93	18	of	of	ADP
aiti-2529	93	19	the	the	DET
aiti-2529	93	20	operating	operating	NOUN
aiti-2529	93	21	years	year	NOUN
aiti-2529	93	22	,	,	PUNCT
aiti-2529	93	23	brand	brand	NOUN
aiti-2529	93	24	,	,	PUNCT
aiti-2529	93	25	r&d	r&d	NOUN
aiti-2529	93	26	,	,	PUNCT
aiti-2529	93	27	internationalization	internationalization	NOUN
aiti-2529	93	28	,	,	PUNCT
aiti-2529	93	29	and	and	CCONJ
aiti-2529	93	30	other	other	ADJ
aiti-2529	93	31	control	control	NOUN
aiti-2529	93	32	variables	variable	NOUN
aiti-2529	93	33	of	of	ADP
aiti-2529	93	34	management	management	NOUN
aiti-2529	93	35	on	on	ADP
aiti-2529	93	36	the	the	DET
aiti-2529	93	37	value	value	NOUN
aiti-2529	93	38	added	add	VERB
aiti-2529	93	39	for	for	ADP
aiti-2529	93	40	taiwan	taiwan	PROPN
aiti-2529	93	41	’s	’s	PART
aiti-2529	93	42	manufacturers	manufacturer	NOUN
aiti-2529	93	43	in	in	ADP
aiti-2529	93	44	addition	addition	NOUN
aiti-2529	93	45	to	to	ADP
aiti-2529	93	46	proposing	propose	VERB
aiti-2529	93	47	appropriate	appropriate	ADJ
aiti-2529	93	48	strategies	strategy	NOUN
aiti-2529	93	49	.	.	PUNCT
aiti-2529	94	1	3	3	X
aiti-2529	94	2	.	.	NOUN
aiti-2529	94	3	empirical	empirical	ADJ
aiti-2529	94	4	model	model	NOUN
aiti-2529	94	5	and	and	CCONJ
aiti-2529	94	6	hypotheses	hypothesis	NOUN
aiti-2529	94	7	3.1	3.1	NUM
aiti-2529	94	8	.	.	PUNCT
aiti-2529	94	9	data	datum	NOUN
aiti-2529	94	10	the	the	DET
aiti-2529	94	11	empirical	empirical	ADJ
aiti-2529	94	12	analysis	analysis	NOUN
aiti-2529	94	13	adopts	adopt	VERB
aiti-2529	94	14	the	the	DET
aiti-2529	94	15	2011	2011	NUM
aiti-2529	94	16	industry	industry	NOUN
aiti-2529	94	17	,	,	PUNCT
aiti-2529	94	18	commerce	commerce	NOUN
aiti-2529	94	19	,	,	PUNCT
aiti-2529	94	20	and	and	CCONJ
aiti-2529	94	21	service	service	NOUN
aiti-2529	94	22	census	census	NOUN
aiti-2529	94	23	conducted	conduct	VERB
aiti-2529	94	24	by	by	ADP
aiti-2529	94	25	taiwan	taiwan	PROPN
aiti-2529	94	26	’s	’s	PART
aiti-2529	94	27	directorate	directorate	ADJ
aiti-2529	94	28	-	-	PUNCT
aiti-2529	94	29	general	general	NOUN
aiti-2529	94	30	of	of	ADP
aiti-2529	94	31	budget	budget	NOUN
aiti-2529	94	32	,	,	PUNCT
aiti-2529	94	33	accounting	accounting	NOUN
aiti-2529	94	34	,	,	PUNCT
aiti-2529	94	35	and	and	CCONJ
aiti-2529	94	36	statistics	statistic	NOUN
aiti-2529	94	37	.	.	PUNCT
aiti-2529	95	1	the	the	DET
aiti-2529	95	2	original	original	ADJ
aiti-2529	95	3	sample	sample	NOUN
aiti-2529	95	4	covers	cover	VERB
aiti-2529	95	5	167,840	167,840	NUM
aiti-2529	95	6	firms	firm	NOUN
aiti-2529	95	7	.	.	PUNCT
aiti-2529	96	1	with	with	ADP
aiti-2529	96	2	the	the	DET
aiti-2529	96	3	deletion	deletion	NOUN
aiti-2529	96	4	of	of	ADP
aiti-2529	96	5	firms	firm	NOUN
aiti-2529	96	6	whose	whose	DET
aiti-2529	96	7	variable	variable	ADJ
aiti-2529	96	8	values	value	NOUN
aiti-2529	96	9	are	be	AUX
aiti-2529	96	10	erroneous	erroneous	ADJ
aiti-2529	96	11	or	or	CCONJ
aiti-2529	96	12	omitted	omit	VERB
aiti-2529	96	13	,	,	PUNCT
aiti-2529	96	14	the	the	DET
aiti-2529	96	15	final	final	ADJ
aiti-2529	96	16	sample	sample	NOUN
aiti-2529	96	17	contains	contain	VERB
aiti-2529	96	18	104,377	104,377	NUM
aiti-2529	96	19	firms	firm	NOUN
aiti-2529	96	20	regrouped	regroup	VERB
aiti-2529	96	21	into	into	ADP
aiti-2529	96	22	ten	ten	NUM
aiti-2529	96	23	classes	class	NOUN
aiti-2529	96	24	.	.	PUNCT
aiti-2529	97	1	table	table	NOUN
aiti-2529	97	2	1	1	NUM
aiti-2529	97	3	recapitulates	recapitulate	VERB
aiti-2529	97	4	variable	variable	ADJ
aiti-2529	97	5	definitions	definition	NOUN
aiti-2529	97	6	.	.	PUNCT
aiti-2529	98	1	table	table	NOUN
aiti-2529	98	2	1	1	NUM
aiti-2529	98	3	variable	variable	ADJ
aiti-2529	98	4	definitions	definition	NOUN
aiti-2529	98	5	variable	variable	ADJ
aiti-2529	98	6	definition	definition	NOUN
aiti-2529	98	7	remark	remark	NOUN
aiti-2529	98	8	panel	panel	NOUN
aiti-2529	98	9	a	a	DET
aiti-2529	98	10	:	:	PUNCT
aiti-2529	98	11	value	value	NOUN
aiti-2529	98	12	creation	creation	NOUN
aiti-2529	98	13	lva	lva	PROPN
aiti-2529	98	14	value	value	NOUN
aiti-2529	98	15	added	add	VERB
aiti-2529	98	16	in	in	ADP
aiti-2529	98	17	logarithm	logarithm	PROPN
aiti-2529	98	18	panel	panel	NOUN
aiti-2529	98	19	b	b	NOUN
aiti-2529	98	20	:	:	PUNCT
aiti-2529	98	21	business	business	NOUN
aiti-2529	98	22	life	life	NOUN
aiti-2529	98	23	cycle	cycle	NOUN
aiti-2529	98	24	age	age	NOUN
aiti-2529	98	25	operating	operating	NOUN
aiti-2529	98	26	years	year	NOUN
aiti-2529	98	27	age	age	NOUN
aiti-2529	98	28	2	2	NUM
aiti-2529	98	29	squared	square	VERB
aiti-2529	98	30	age	age	NOUN
aiti-2529	98	31	panel	panel	NOUN
aiti-2529	98	32	c	c	NOUN
aiti-2529	98	33	:	:	PUNCT
aiti-2529	98	34	asymmetric	asymmetric	PROPN
aiti-2529	98	35	grin	grin	PROPN
aiti-2529	98	36	curve	curve	NOUN
aiti-2529	98	37	br	br	PROPN
aiti-2529	98	38	brand	brand	NOUN
aiti-2529	98	39	revenue	revenue	NOUN
aiti-2529	98	40	to	to	PART
aiti-2529	98	41	total	total	VERB
aiti-2529	98	42	revenue	revenue	NOUN
aiti-2529	98	43	in	in	ADP
aiti-2529	98	44	percentage	percentage	NOUN
aiti-2529	98	45	rd	rd	NOUN
aiti-2529	98	46	r&d	r&d	NOUN
aiti-2529	98	47	spending	spending	NOUN
aiti-2529	98	48	to	to	ADP
aiti-2529	98	49	total	total	ADJ
aiti-2529	98	50	spending	spending	NOUN
aiti-2529	98	51	in	in	ADP
aiti-2529	98	52	percentage	percentage	NOUN
aiti-2529	98	53	fi	fi	NOUN
aiti-2529	98	54	overseas	overseas	ADJ
aiti-2529	98	55	investment	investment	NOUN
aiti-2529	98	56	to	to	ADP
aiti-2529	98	57	net	net	ADJ
aiti-2529	98	58	fixed	fix	VERB
aiti-2529	98	59	assets	asset	NOUN
aiti-2529	98	60	in	in	ADP
aiti-2529	98	61	percentage	percentage	NOUN
aiti-2529	98	62	ex	ex	X
aiti-2529	98	63	export	export	NOUN
aiti-2529	98	64	revenue	revenue	NOUN
aiti-2529	98	65	to	to	PART
aiti-2529	98	66	total	total	VERB
aiti-2529	98	67	revenue	revenue	NOUN
aiti-2529	98	68	in	in	ADP
aiti-2529	98	69	percentage	percentage	NOUN
aiti-2529	98	70	panel	panel	NOUN
aiti-2529	98	71	d	d	NOUN
aiti-2529	98	72	:	:	PUNCT
aiti-2529	98	73	operation	operation	NOUN
aiti-2529	98	74	digitalization	digitalization	NOUN
aiti-2529	98	75	ec1	ec1	PROPN
aiti-2529	98	76	information	information	NOUN
aiti-2529	98	77	disclosure	disclosure	NOUN
aiti-2529	98	78	on	on	ADP
aiti-2529	98	79	internet	internet	NOUN
aiti-2529	98	80	dummy	dummy	NOUN
aiti-2529	99	1	ec21	ec21	PROPN
aiti-2529	99	2	purchases	purchase	NOUN
aiti-2529	99	3	on	on	ADP
aiti-2529	99	4	internet	internet	NOUN
aiti-2529	99	5	dummy	dummy	NOUN
aiti-2529	99	6	ec22	ec22	PROPN
aiti-2529	99	7	internet	internet	NOUN
aiti-2529	99	8	purchases	purchase	NOUN
aiti-2529	99	9	to	to	PART
aiti-2529	99	10	total	total	ADJ
aiti-2529	99	11	spending	spending	NOUN
aiti-2529	99	12	in	in	ADP
aiti-2529	99	13	percentage	percentage	NOUN
aiti-2529	99	14	ec31	ec31	PROPN
aiti-2529	99	15	sales	sale	NOUN
aiti-2529	99	16	on	on	ADP
aiti-2529	99	17	internet	internet	NOUN
aiti-2529	99	18	dummy	dummy	NOUN
aiti-2529	99	19	ec32	ec32	PROPN
aiti-2529	99	20	internet	internet	NOUN
aiti-2529	99	21	sales	sale	NOUN
aiti-2529	99	22	to	to	ADP
aiti-2529	99	23	total	total	ADJ
aiti-2529	99	24	revenue	revenue	NOUN
aiti-2529	99	25	in	in	ADP
aiti-2529	99	26	percentage	percentage	NOUN
aiti-2529	99	27	panel	panel	NOUN
aiti-2529	99	28	e	e	NOUN
aiti-2529	99	29	:	:	PUNCT
aiti-2529	99	30	control	control	VERB
aiti-2529	99	31	variable	variable	PROPN
aiti-2529	99	32	opr	opr	PROPN
aiti-2529	99	33	manufacturing	manufacturing	NOUN
aiti-2529	99	34	as	as	ADP
aiti-2529	99	35	main	main	ADJ
aiti-2529	99	36	business	business	NOUN
aiti-2529	99	37	dummy	dummy	ADJ
aiti-2529	99	38	lsize	lsize	NOUN
aiti-2529	99	39	net	net	ADJ
aiti-2529	99	40	assets	asset	NOUN
aiti-2529	99	41	in	in	ADP
aiti-2529	99	42	logarithm	logarithm	PROPN
aiti-2529	99	43	klr	klr	PROPN
aiti-2529	99	44	net	net	ADJ
aiti-2529	99	45	fixed	fix	VERB
aiti-2529	99	46	assets	asset	NOUN
aiti-2529	99	47	to	to	ADP
aiti-2529	99	48	number	number	NOUN
aiti-2529	99	49	of	of	ADP
aiti-2529	99	50	employees	employee	NOUN
aiti-2529	99	51	capital	capital	NOUN
aiti-2529	99	52	-	-	PUNCT
aiti-2529	99	53	labor	labor	NOUN
aiti-2529	99	54	ratio	ratio	NOUN
aiti-2529	99	55	panel	panel	NOUN
aiti-2529	99	56	f	f	NOUN
aiti-2529	99	57	:	:	PUNCT
aiti-2529	99	58	industry	industry	NOUN
aiti-2529	99	59	class	class	NOUN
aiti-2529	99	60	inda	inda	PROPN
aiti-2529	99	61	food	food	PROPN
aiti-2529	99	62	and	and	CCONJ
aiti-2529	99	63	drink	drink	VERB
aiti-2529	99	64	dummy	dummy	ADJ
aiti-2529	99	65	indb	indb	NOUN
aiti-2529	99	66	textile	textile	NOUN
aiti-2529	99	67	,	,	PUNCT
aiti-2529	99	68	clothing	clothing	NOUN
aiti-2529	99	69	,	,	PUNCT
aiti-2529	99	70	and	and	CCONJ
aiti-2529	99	71	leather	leather	NOUN
aiti-2529	99	72	dummy	dummy	NOUN
aiti-2529	99	73	indc	indc	NOUN
aiti-2529	99	74	paper	paper	NOUN
aiti-2529	99	75	and	and	CCONJ
aiti-2529	99	76	printing	print	VERB
aiti-2529	99	77	dummy	dummy	ADJ
aiti-2529	99	78	indd	indd	PROPN
aiti-2529	99	79	oil	oil	NOUN
aiti-2529	99	80	,	,	PUNCT
aiti-2529	99	81	coal	coal	NOUN
aiti-2529	99	82	,	,	PUNCT
aiti-2529	99	83	and	and	CCONJ
aiti-2529	99	84	chemistry	chemistry	NOUN
aiti-2529	99	85	dummy	dummy	NOUN
aiti-2529	99	86	inde	inde	NOUN
aiti-2529	99	87	rubber	rubber	NOUN
aiti-2529	99	88	and	and	CCONJ
aiti-2529	99	89	plastics	plastic	NOUN
aiti-2529	99	90	dummy	dummy	ADJ
aiti-2529	99	91	indf	indf	ADJ
aiti-2529	99	92	metal	metal	NOUN
aiti-2529	99	93	dummy	dummy	ADJ
aiti-2529	99	94	indg	indg	NOUN
aiti-2529	99	95	electronics	electronic	NOUN
aiti-2529	99	96	and	and	CCONJ
aiti-2529	99	97	computer	computer	NOUN
aiti-2529	99	98	dummy	dummy	NOUN
aiti-2529	99	99	indh	indh	VERB
aiti-2529	99	100	machinery	machinery	NOUN
aiti-2529	99	101	dummy	dummy	NOUN
aiti-2529	99	102	indi	indi	X
aiti-2529	99	103	car	car	NOUN
aiti-2529	99	104	and	and	CCONJ
aiti-2529	99	105	other	other	ADJ
aiti-2529	99	106	vehicle	vehicle	NOUN
aiti-2529	99	107	dummy	dummy	ADJ
aiti-2529	99	108	indj	indj	NOUN
aiti-2529	99	109	furniture	furniture	NOUN
aiti-2529	99	110	dummy	dummy	ADJ
aiti-2529	99	111	3.2	3.2	NUM
aiti-2529	99	112	.	.	PUNCT
aiti-2529	100	1	model	model	NOUN
aiti-2529	100	2	and	and	CCONJ
aiti-2529	100	3	hypotheses	hypothesis	NOUN
aiti-2529	100	4	to	to	PART
aiti-2529	100	5	measure	measure	VERB
aiti-2529	100	6	the	the	DET
aiti-2529	100	7	impact	impact	NOUN
aiti-2529	100	8	of	of	ADP
aiti-2529	100	9	innovation	innovation	NOUN
aiti-2529	100	10	,	,	PUNCT
aiti-2529	100	11	brand	brand	NOUN
aiti-2529	100	12	revenue	revenue	NOUN
aiti-2529	100	13	,	,	PUNCT
aiti-2529	100	14	r&d	r&d	NOUN
aiti-2529	100	15	spending	spending	NOUN
aiti-2529	100	16	,	,	PUNCT
aiti-2529	100	17	and	and	CCONJ
aiti-2529	100	18	internationalization	internationalization	NOUN
aiti-2529	100	19	on	on	ADP
aiti-2529	100	20	value	value	NOUN
aiti-2529	100	21	creation	creation	NOUN
aiti-2529	100	22	for	for	ADP
aiti-2529	100	23	taiwan	taiwan	PROPN
aiti-2529	100	24	’s	’s	PART
aiti-2529	100	25	manufacturers	manufacturer	NOUN
aiti-2529	100	26	,	,	PUNCT
aiti-2529	100	27	the	the	DET
aiti-2529	100	28	model	model	NOUN
aiti-2529	100	29	of	of	ADP
aiti-2529	100	30	eq	eq	PROPN
aiti-2529	100	31	.	.	PUNCT
aiti-2529	101	1	(	(	PUNCT
aiti-2529	101	2	1	1	X
aiti-2529	101	3	)	)	PUNCT
aiti-2529	101	4	is	be	AUX
aiti-2529	101	5	constructed	construct	VERB
aiti-2529	101	6	by	by	ADP
aiti-2529	101	7	the	the	DET
aiti-2529	101	8	following	follow	VERB
aiti-2529	101	9	regression	regression	NOUN
aiti-2529	101	10	equation	equation	NOUN
aiti-2529	101	11	.	.	PUNCT
aiti-2529	102	1	advances	advance	NOUN
aiti-2529	102	2	in	in	ADP
aiti-2529	102	3	technology	technology	NOUN
aiti-2529	102	4	innovation	innovation	NOUN
aiti-2529	102	5	,	,	PUNCT
aiti-2529	102	6	vol	vol	NOUN
aiti-2529	102	7	.	.	PROPN
aiti-2529	103	1	4	4	NUM
aiti-2529	103	2	,	,	PUNCT
aiti-2529	103	3	no	no	INTJ
aiti-2529	103	4	.	.	NOUN
aiti-2529	103	5	1	1	NUM
aiti-2529	103	6	,	,	PUNCT
aiti-2529	103	7	2019	2019	NUM
aiti-2529	103	8	,	,	PUNCT
aiti-2529	104	1	pp	pp	ADV
aiti-2529	104	2	.	.	PUNCT
aiti-2529	105	1	44	44	NUM
aiti-2529	105	2	57	57	NUM
aiti-2529	105	3	48	48	NUM
aiti-2529	105	4	lva	lva	PROPN
aiti-2529	105	5	=	=	PROPN
aiti-2529	105	6	a0	a0	PROPN
aiti-2529	105	7	+	+	CCONJ
aiti-2529	105	8	a1age	a1age	NOUN
aiti-2529	105	9	+	+	CCONJ
aiti-2529	105	10	a2age	a2age	NOUN
aiti-2529	105	11	2	2	NUM
aiti-2529	105	12	+	+	CCONJ
aiti-2529	105	13	a3br	a3br	PUNCT
aiti-2529	105	14	+	+	CCONJ
aiti-2529	105	15	a4br	a4br	PROPN
aiti-2529	105	16	2	2	NUM
aiti-2529	105	17	+	+	NUM
aiti-2529	105	18	a5rd	a5rd	NOUN
aiti-2529	105	19	+	+	CCONJ
aiti-2529	105	20	a6rd	a6rd	PROPN
aiti-2529	105	21	2	2	NUM
aiti-2529	105	22	+	+	CCONJ
aiti-2529	105	23	a7fi	a7fi	X
aiti-2529	105	24	+	+	CCONJ
aiti-2529	105	25	a8fi	a8fi	SYM
aiti-2529	105	26	2	2	NUM
aiti-2529	105	27	+	+	CCONJ
aiti-2529	105	28	a9ex	a9ex	PUNCT
aiti-2529	105	29	+	+	CCONJ
aiti-2529	105	30	a10ex	a10ex	NUM
aiti-2529	105	31	2	2	NUM
aiti-2529	105	32	+	+	CCONJ
aiti-2529	105	33	a11ec1	a11ec1	PROPN
aiti-2529	105	34	+	+	CCONJ
aiti-2529	105	35	a12ec21	a12ec21	PROPN
aiti-2529	105	36	+	+	ADJ
aiti-2529	105	37	a13ec22	a13ec22	PROPN
aiti-2529	105	38	+	+	CCONJ
aiti-2529	105	39	a14ec31	a14ec31	PROPN
aiti-2529	105	40	+	+	X
aiti-2529	105	41	a15ec32	a15ec32	PROPN
aiti-2529	105	42	+	+	CCONJ
aiti-2529	105	43	a16opr	a16opr	PROPN
aiti-2529	105	44	+	+	CCONJ
aiti-2529	105	45	a17lsize	a17lsize	NOUN
aiti-2529	105	46	+	+	CCONJ
aiti-2529	105	47	a18klr	a18klr	ADJ
aiti-2529	105	48	+	+	CCONJ
aiti-2529	105	49	a19klr	a19klr	ADJ
aiti-2529	105	50	2	2	NUM
aiti-2529	105	51	+	+	NOUN
aiti-2529	105	52	a20indb	a20indb	NOUN
aiti-2529	105	53	+	+	CCONJ
aiti-2529	105	54	a21indc	a21indc	NOUN
aiti-2529	105	55	+	+	CCONJ
aiti-2529	105	56	a22indd	a22indd	PROPN
aiti-2529	105	57	+	+	CCONJ
aiti-2529	105	58	a23inde	a23inde	PROPN
aiti-2529	105	59	+	+	CCONJ
aiti-2529	105	60	a24indf	a24indf	ADJ
aiti-2529	105	61	+	+	CCONJ
aiti-2529	105	62	a25indg+	a25indg+	NOUN
aiti-2529	105	63	a26indh	a26indh	NOUN
aiti-2529	105	64	+	+	CCONJ
aiti-2529	105	65	a27indi	a27indi	PROPN
aiti-2529	105	66	+	+	CCONJ
aiti-2529	105	67	a28indj	a28indj	PROPN
aiti-2529	105	68	+	+	CCONJ
aiti-2529	105	69	e	e	X
aiti-2529	105	70	(	(	PUNCT
aiti-2529	105	71	1	1	X
aiti-2529	105	72	)	)	PUNCT
aiti-2529	105	73	lva	lva	PROPN
aiti-2529	105	74	is	be	AUX
aiti-2529	105	75	taken	take	VERB
aiti-2529	105	76	in	in	ADP
aiti-2529	105	77	logarithm	logarithm	NOUN
aiti-2529	105	78	and	and	CCONJ
aiti-2529	105	79	measure	measure	NOUN
aiti-2529	105	80	value	value	NOUN
aiti-2529	105	81	creation	creation	NOUN
aiti-2529	105	82	.	.	PUNCT
aiti-2529	106	1	the	the	DET
aiti-2529	106	2	parameters	parameter	NOUN
aiti-2529	106	3	a1	a1	VERB
aiti-2529	106	4	and	and	CCONJ
aiti-2529	106	5	a2	a2	PROPN
aiti-2529	106	6	serve	serve	VERB
aiti-2529	106	7	to	to	PART
aiti-2529	106	8	assess	assess	VERB
aiti-2529	106	9	the	the	DET
aiti-2529	106	10	role	role	NOUN
aiti-2529	106	11	played	play	VERB
aiti-2529	106	12	by	by	ADP
aiti-2529	106	13	the	the	DET
aiti-2529	106	14	business	business	NOUN
aiti-2529	106	15	life	life	NOUN
aiti-2529	106	16	cycle	cycle	NOUN
aiti-2529	106	17	in	in	ADP
aiti-2529	106	18	the	the	DET
aiti-2529	106	19	firm	firm	NOUN
aiti-2529	106	20	’s	’s	PART
aiti-2529	106	21	value	value	NOUN
aiti-2529	106	22	added	add	VERB
aiti-2529	106	23	,	,	PUNCT
aiti-2529	106	24	whereas	whereas	SCONJ
aiti-2529	106	25	the	the	DET
aiti-2529	106	26	parameters	parameter	NOUN
aiti-2529	106	27	from	from	ADP
aiti-2529	106	28	a3	a3	NOUN
aiti-2529	106	29	to	to	ADP
aiti-2529	106	30	a6	a6	NOUN
aiti-2529	106	31	respectively	respectively	ADV
aiti-2529	106	32	focus	focus	VERB
aiti-2529	106	33	on	on	ADP
aiti-2529	106	34	the	the	DET
aiti-2529	106	35	impact	impact	NOUN
aiti-2529	106	36	of	of	ADP
aiti-2529	106	37	obms	obms	NOUN
aiti-2529	106	38	(	(	PUNCT
aiti-2529	106	39	a3	a3	NOUN
aiti-2529	106	40	and	and	CCONJ
aiti-2529	106	41	a4	a4	NOUN
aiti-2529	106	42	)	)	PUNCT
aiti-2529	106	43	and	and	CCONJ
aiti-2529	106	44	odms	odms	PROPN
aiti-2529	106	45	(	(	PUNCT
aiti-2529	106	46	a5	a5	NOUN
aiti-2529	106	47	and	and	CCONJ
aiti-2529	106	48	a6	a6	NUM
aiti-2529	106	49	)	)	PUNCT
aiti-2529	106	50	.	.	PUNCT
aiti-2529	107	1	the	the	DET
aiti-2529	107	2	parameters	parameter	NOUN
aiti-2529	107	3	from	from	ADP
aiti-2529	107	4	a7	a7	PROPN
aiti-2529	107	5	to	to	ADP
aiti-2529	107	6	a10	a10	PROPN
aiti-2529	107	7	serve	serve	VERB
aiti-2529	107	8	to	to	PART
aiti-2529	107	9	assess	assess	VERB
aiti-2529	107	10	the	the	DET
aiti-2529	107	11	role	role	NOUN
aiti-2529	107	12	played	play	VERB
aiti-2529	107	13	by	by	ADP
aiti-2529	107	14	internationalization	internationalization	NOUN
aiti-2529	107	15	in	in	ADP
aiti-2529	107	16	terms	term	NOUN
aiti-2529	107	17	of	of	ADP
aiti-2529	107	18	overseas	overseas	ADJ
aiti-2529	107	19	investment	investment	NOUN
aiti-2529	107	20	(	(	PUNCT
aiti-2529	107	21	a7	a7	PROPN
aiti-2529	107	22	and	and	CCONJ
aiti-2529	107	23	a8	a8	PROPN
aiti-2529	107	24	)	)	PUNCT
aiti-2529	107	25	and	and	CCONJ
aiti-2529	107	26	export	export	NOUN
aiti-2529	107	27	(	(	PUNCT
aiti-2529	107	28	a9	a9	NOUN
aiti-2529	107	29	and	and	CCONJ
aiti-2529	107	30	a10	a10	NOUN
aiti-2529	107	31	)	)	PUNCT
aiti-2529	107	32	.	.	PUNCT
aiti-2529	108	1	the	the	DET
aiti-2529	108	2	parameters	parameter	NOUN
aiti-2529	108	3	from	from	ADP
aiti-2529	108	4	a11	a11	PROPN
aiti-2529	108	5	to	to	ADP
aiti-2529	108	6	a15	a15	PROPN
aiti-2529	108	7	serve	serve	VERB
aiti-2529	108	8	to	to	PART
aiti-2529	108	9	evaluate	evaluate	VERB
aiti-2529	108	10	the	the	DET
aiti-2529	108	11	contribution	contribution	NOUN
aiti-2529	108	12	of	of	ADP
aiti-2529	108	13	operation	operation	NOUN
aiti-2529	108	14	digitalization	digitalization	NOUN
aiti-2529	108	15	through	through	ADP
aiti-2529	108	16	internet	internet	NOUN
aiti-2529	108	17	to	to	PART
aiti-2529	108	18	value	value	VERB
aiti-2529	108	19	creation	creation	NOUN
aiti-2529	108	20	.	.	PUNCT
aiti-2529	109	1	finally	finally	ADV
aiti-2529	109	2	,	,	PUNCT
aiti-2529	109	3	the	the	DET
aiti-2529	109	4	influence	influence	NOUN
aiti-2529	109	5	of	of	ADP
aiti-2529	109	6	the	the	DET
aiti-2529	109	7	control	control	NOUN
aiti-2529	109	8	variables	variable	NOUN
aiti-2529	109	9	and	and	CCONJ
aiti-2529	109	10	industry	industry	NOUN
aiti-2529	109	11	class	class	NOUN
aiti-2529	109	12	dummies	dummy	NOUN
aiti-2529	109	13	are	be	AUX
aiti-2529	109	14	captured	capture	VERB
aiti-2529	109	15	by	by	ADP
aiti-2529	109	16	the	the	DET
aiti-2529	109	17	parameters	parameter	NOUN
aiti-2529	109	18	from	from	ADP
aiti-2529	109	19	a16	a16	PROPN
aiti-2529	109	20	and	and	CCONJ
aiti-2529	109	21	a28	a28	PROPN
aiti-2529	109	22	.	.	PUNCT
aiti-2529	110	1	the	the	DET
aiti-2529	110	2	last	last	ADJ
aiti-2529	110	3	term	term	NOUN
aiti-2529	110	4	e	e	NOUN
aiti-2529	110	5	represents	represent	VERB
aiti-2529	110	6	the	the	DET
aiti-2529	110	7	error	error	NOUN
aiti-2529	110	8	term	term	NOUN
aiti-2529	110	9	.	.	PUNCT
aiti-2529	111	1	the	the	DET
aiti-2529	111	2	model	model	NOUN
aiti-2529	111	3	of	of	ADP
aiti-2529	111	4	eq	eq	PROPN
aiti-2529	111	5	.	.	PUNCT
aiti-2529	112	1	(	(	PUNCT
aiti-2529	112	2	1	1	X
aiti-2529	112	3	)	)	PUNCT
aiti-2529	112	4	is	be	AUX
aiti-2529	112	5	preliminarily	preliminarily	ADV
aiti-2529	112	6	estimated	estimate	VERB
aiti-2529	112	7	by	by	ADP
aiti-2529	112	8	the	the	DET
aiti-2529	112	9	ordinary	ordinary	ADJ
aiti-2529	112	10	least	least	ADJ
aiti-2529	112	11	squares	square	NOUN
aiti-2529	112	12	method	method	NOUN
aiti-2529	112	13	.	.	PUNCT
aiti-2529	113	1	the	the	DET
aiti-2529	113	2	white	white	PROPN
aiti-2529	113	3	test	test	NOUN
aiti-2529	113	4	suggests	suggest	VERB
aiti-2529	113	5	significant	significant	ADJ
aiti-2529	113	6	heteroscedasticity	heteroscedasticity	NOUN
aiti-2529	113	7	in	in	ADP
aiti-2529	113	8	residuals	residual	NOUN
aiti-2529	113	9	,	,	PUNCT
aiti-2529	113	10	with	with	ADP
aiti-2529	113	11	a	a	DET
aiti-2529	113	12	chi	chi	ADJ
aiti-2529	113	13	-	-	PUNCT
aiti-2529	113	14	squared	square	VERB
aiti-2529	113	15	value	value	NOUN
aiti-2529	113	16	of	of	ADP
aiti-2529	113	17	58,305	58,305	NUM
aiti-2529	113	18	.	.	PUNCT
aiti-2529	114	1	hence	hence	ADV
aiti-2529	114	2	,	,	PUNCT
aiti-2529	114	3	subsequent	subsequent	ADJ
aiti-2529	114	4	analysis	analysis	NOUN
aiti-2529	114	5	substitutes	substitute	VERB
aiti-2529	114	6	the	the	DET
aiti-2529	114	7	robust	robust	ADJ
aiti-2529	114	8	standard	standard	ADJ
aiti-2529	114	9	errors	error	NOUN
aiti-2529	114	10	for	for	ADP
aiti-2529	114	11	standard	standard	ADJ
aiti-2529	114	12	errors	error	NOUN
aiti-2529	114	13	estimated	estimate	VERB
aiti-2529	114	14	by	by	ADP
aiti-2529	114	15	the	the	DET
aiti-2529	114	16	ordinary	ordinary	ADJ
aiti-2529	114	17	least	least	ADJ
aiti-2529	114	18	squares	square	NOUN
aiti-2529	114	19	method	method	NOUN
aiti-2529	114	20	.	.	PUNCT
aiti-2529	115	1	besides	besides	ADV
aiti-2529	115	2	,	,	PUNCT
aiti-2529	115	3	results	result	NOUN
aiti-2529	115	4	from	from	ADP
aiti-2529	115	5	parameter	parameter	NOUN
aiti-2529	115	6	estimation	estimation	NOUN
aiti-2529	115	7	of	of	ADP
aiti-2529	115	8	the	the	DET
aiti-2529	115	9	model	model	NOUN
aiti-2529	115	10	of	of	ADP
aiti-2529	115	11	eq	eq	PROPN
aiti-2529	115	12	.	.	PUNCT
aiti-2529	116	1	(	(	PUNCT
aiti-2529	116	2	1	1	X
aiti-2529	116	3	)	)	PUNCT
aiti-2529	116	4	are	be	AUX
aiti-2529	116	5	used	use	VERB
aiti-2529	116	6	as	as	ADP
aiti-2529	116	7	foundations	foundation	NOUN
aiti-2529	116	8	for	for	ADP
aiti-2529	116	9	testing	test	VERB
aiti-2529	116	10	the	the	DET
aiti-2529	116	11	seven	seven	NUM
aiti-2529	116	12	core	core	NOUN
aiti-2529	116	13	hypotheses	hypothesis	NOUN
aiti-2529	116	14	summarized	summarize	VERB
aiti-2529	116	15	from	from	ADP
aiti-2529	116	16	eqs	eqs	PROPN
aiti-2529	116	17	.	.	PUNCT
aiti-2529	117	1	on	on	ADP
aiti-2529	117	2	(	(	PUNCT
aiti-2529	117	3	2	2	NUM
aiti-2529	117	4	)	)	PUNCT
aiti-2529	117	5	to	to	ADP
aiti-2529	117	6	(	(	PUNCT
aiti-2529	117	7	8)	8)	NUM
aiti-2529	117	8	.	.	PUNCT
aiti-2529	117	9	h1	h1	PROPN
aiti-2529	117	10	:	:	PUNCT
aiti-2529	117	11	value	value	NOUN
aiti-2529	117	12	creation	creation	NOUN
aiti-2529	117	13	is	be	AUX
aiti-2529	117	14	a	a	DET
aiti-2529	117	15	u	u	NOUN
aiti-2529	117	16	-	-	ADJ
aiti-2529	117	17	shaped	shape	VERB
aiti-2529	117	18	quadratic	quadratic	ADJ
aiti-2529	117	19	function	function	NOUN
aiti-2529	117	20	of	of	ADP
aiti-2529	117	21	business	business	NOUN
aiti-2529	117	22	life	life	NOUN
aiti-2529	117	23	cycle	cycle	NOUN
aiti-2529	117	24	,	,	PUNCT
aiti-2529	117	25	implying	imply	VERB
aiti-2529	117	26	increasing	increase	VERB
aiti-2529	117	27	marginal	marginal	ADJ
aiti-2529	117	28	benefit	benefit	NOUN
aiti-2529	117	29	,	,	PUNCT
aiti-2529	117	30	or	or	CCONJ
aiti-2529	117	31	a1	a1	VERB
aiti-2529	117	32	<	<	X
aiti-2529	117	33	0	0	NUM
aiti-2529	117	34	and	and	CCONJ
aiti-2529	117	35	a2	a2	PROPN
aiti-2529	117	36	>	>	X
aiti-2529	117	37	0	0	X
aiti-2529	117	38	.	.	PUNCT
aiti-2529	118	1	(	(	PUNCT
aiti-2529	118	2	2	2	X
aiti-2529	118	3	)	)	PUNCT
aiti-2529	118	4	h2	h2	NOUN
aiti-2529	118	5	:	:	PUNCT
aiti-2529	118	6	value	value	NOUN
aiti-2529	118	7	creation	creation	NOUN
aiti-2529	118	8	is	be	AUX
aiti-2529	118	9	a	a	DET
aiti-2529	118	10	reversed	reversed	ADJ
aiti-2529	118	11	u	u	ADJ
aiti-2529	118	12	-	-	ADJ
aiti-2529	118	13	shaped	shape	VERB
aiti-2529	118	14	quadratic	quadratic	ADJ
aiti-2529	118	15	function	function	NOUN
aiti-2529	118	16	of	of	ADP
aiti-2529	118	17	brand	brand	NOUN
aiti-2529	118	18	revenue	revenue	NOUN
aiti-2529	118	19	,	,	PUNCT
aiti-2529	118	20	implying	imply	VERB
aiti-2529	118	21	decreasing	decrease	VERB
aiti-2529	118	22	marginal	marginal	ADJ
aiti-2529	118	23	benefit	benefit	NOUN
aiti-2529	118	24	,	,	PUNCT
aiti-2529	118	25	or	or	CCONJ
aiti-2529	118	26	a3	a3	VERB
aiti-2529	118	27	>	>	X
aiti-2529	118	28	0	0	PUNCT
aiti-2529	118	29	and	and	CCONJ
aiti-2529	118	30	a4	a4	NOUN
aiti-2529	118	31	<	<	X
aiti-2529	118	32	0	0	NUM
aiti-2529	118	33	.	.	PUNCT
aiti-2529	119	1	(	(	PUNCT
aiti-2529	119	2	3	3	X
aiti-2529	119	3	)	)	PUNCT
aiti-2529	119	4	h3	h3	NOUN
aiti-2529	119	5	:	:	PUNCT
aiti-2529	119	6	value	value	NOUN
aiti-2529	119	7	creation	creation	NOUN
aiti-2529	119	8	is	be	AUX
aiti-2529	119	9	a	a	DET
aiti-2529	119	10	reversed	reversed	ADJ
aiti-2529	119	11	u	u	ADJ
aiti-2529	119	12	-	-	ADJ
aiti-2529	119	13	shaped	shape	VERB
aiti-2529	119	14	quadratic	quadratic	ADJ
aiti-2529	119	15	function	function	NOUN
aiti-2529	119	16	of	of	ADP
aiti-2529	119	17	r&d	r&d	NOUN
aiti-2529	119	18	spending	spending	NOUN
aiti-2529	119	19	,	,	PUNCT
aiti-2529	119	20	implying	imply	VERB
aiti-2529	119	21	decreasing	decrease	VERB
aiti-2529	119	22	marginal	marginal	ADJ
aiti-2529	119	23	benefit	benefit	NOUN
aiti-2529	119	24	,	,	PUNCT
aiti-2529	119	25	or	or	CCONJ
aiti-2529	119	26	a5	a5	X
aiti-2529	119	27	>	>	X
aiti-2529	119	28	0	0	PUNCT
aiti-2529	120	1	and	and	CCONJ
aiti-2529	120	2	a6	a6	NOUN
aiti-2529	120	3	<	<	X
aiti-2529	120	4	0	0	NUM
aiti-2529	120	5	.	.	PUNCT
aiti-2529	121	1	(	(	PUNCT
aiti-2529	121	2	4	4	X
aiti-2529	121	3	)	)	PUNCT
aiti-2529	121	4	h4	h4	NOUN
aiti-2529	121	5	:	:	PUNCT
aiti-2529	121	6	the	the	DET
aiti-2529	121	7	impact	impact	NOUN
aiti-2529	121	8	of	of	ADP
aiti-2529	121	9	brand	brand	NOUN
aiti-2529	121	10	revenue	revenue	NOUN
aiti-2529	121	11	and	and	CCONJ
aiti-2529	121	12	r&d	r&d	NOUN
aiti-2529	121	13	spending	spending	NOUN
aiti-2529	121	14	on	on	ADP
aiti-2529	121	15	value	value	NOUN
aiti-2529	121	16	creation	creation	NOUN
aiti-2529	121	17	is	be	AUX
aiti-2529	121	18	asymmetric	asymmetric	ADJ
aiti-2529	121	19	,	,	PUNCT
aiti-2529	121	20	or	or	CCONJ
aiti-2529	121	21	a3	a3	NOUN
aiti-2529	121	22	+	+	CCONJ
aiti-2529	121	23	2a4br	2a4br	NUM
aiti-2529	121	24			NOUN
aiti-2529	121	25	a5	a5	NOUN
aiti-2529	121	26	+	+	CCONJ
aiti-2529	121	27	2a6rd	2a6rd	NUM
aiti-2529	121	28	.	.	PUNCT
aiti-2529	122	1	(	(	PUNCT
aiti-2529	122	2	5	5	X
aiti-2529	122	3	)	)	PUNCT
aiti-2529	122	4	h5	h5	NOUN
aiti-2529	122	5	:	:	PUNCT
aiti-2529	122	6	value	value	NOUN
aiti-2529	122	7	creation	creation	NOUN
aiti-2529	122	8	is	be	AUX
aiti-2529	122	9	a	a	DET
aiti-2529	122	10	reversed	reversed	ADJ
aiti-2529	122	11	u	u	ADJ
aiti-2529	122	12	-	-	ADJ
aiti-2529	122	13	shaped	shape	VERB
aiti-2529	122	14	quadratic	quadratic	ADJ
aiti-2529	122	15	function	function	NOUN
aiti-2529	122	16	of	of	ADP
aiti-2529	122	17	overseas	overseas	ADJ
aiti-2529	122	18	investment	investment	NOUN
aiti-2529	122	19	,	,	PUNCT
aiti-2529	122	20	implying	imply	VERB
aiti-2529	122	21	decreasing	decrease	VERB
aiti-2529	122	22	marginal	marginal	ADJ
aiti-2529	122	23	benefit	benefit	NOUN
aiti-2529	122	24	,	,	PUNCT
aiti-2529	122	25	or	or	CCONJ
aiti-2529	122	26	a7	a7	VERB
aiti-2529	122	27	>	>	X
aiti-2529	122	28	0	0	PUNCT
aiti-2529	123	1	and	and	CCONJ
aiti-2529	123	2	a8	a8	VERB
aiti-2529	123	3	<	<	X
aiti-2529	123	4	0	0	NUM
aiti-2529	123	5	.	.	PUNCT
aiti-2529	124	1	(	(	PUNCT
aiti-2529	124	2	6	6	X
aiti-2529	124	3	)	)	PUNCT
aiti-2529	124	4	h6	h6	NOUN
aiti-2529	124	5	:	:	PUNCT
aiti-2529	124	6	value	value	NOUN
aiti-2529	124	7	creation	creation	NOUN
aiti-2529	124	8	is	be	AUX
aiti-2529	124	9	a	a	DET
aiti-2529	124	10	reversed	reversed	ADJ
aiti-2529	124	11	u	u	ADJ
aiti-2529	124	12	-	-	ADJ
aiti-2529	124	13	shaped	shape	VERB
aiti-2529	124	14	quadratic	quadratic	ADJ
aiti-2529	124	15	function	function	NOUN
aiti-2529	124	16	of	of	ADP
aiti-2529	124	17	export	export	NOUN
aiti-2529	124	18	,	,	PUNCT
aiti-2529	124	19	implying	imply	VERB
aiti-2529	124	20	decreasing	decrease	VERB
aiti-2529	124	21	marginal	marginal	ADJ
aiti-2529	124	22	benefit	benefit	NOUN
aiti-2529	124	23	,	,	PUNCT
aiti-2529	124	24	or	or	CCONJ
aiti-2529	124	25	a9	a9	VERB
aiti-2529	124	26	<	<	X
aiti-2529	124	27	0	0	PUNCT
aiti-2529	125	1	and	and	CCONJ
aiti-2529	125	2	a10	a10	X
aiti-2529	125	3	<	<	X
aiti-2529	125	4	0	0	NUM
aiti-2529	125	5	.	.	PUNCT
aiti-2529	126	1	(	(	PUNCT
aiti-2529	126	2	7	7	X
aiti-2529	126	3	)	)	PUNCT
aiti-2529	126	4	h7	h7	NOUN
aiti-2529	126	5	:	:	PUNCT
aiti-2529	126	6	the	the	DET
aiti-2529	126	7	impact	impact	NOUN
aiti-2529	126	8	of	of	ADP
aiti-2529	126	9	overseas	overseas	ADJ
aiti-2529	126	10	investment	investment	NOUN
aiti-2529	126	11	and	and	CCONJ
aiti-2529	126	12	export	export	NOUN
aiti-2529	126	13	on	on	ADP
aiti-2529	126	14	value	value	NOUN
aiti-2529	126	15	creation	creation	NOUN
aiti-2529	126	16	is	be	AUX
aiti-2529	126	17	asymmetric	asymmetric	ADJ
aiti-2529	126	18	,	,	PUNCT
aiti-2529	126	19	or	or	CCONJ
aiti-2529	126	20	a7	a7	PROPN
aiti-2529	126	21	+	+	CCONJ
aiti-2529	126	22	2a8fi	2a8fi	NUM
aiti-2529	126	23			NOUN
aiti-2529	126	24	a9	a9	NOUN
aiti-2529	126	25	+	+	CCONJ
aiti-2529	126	26	2a10ex	2a10ex	NUM
aiti-2529	126	27	.	.	PUNCT
aiti-2529	127	1	(	(	PUNCT
aiti-2529	127	2	8)	8)	NUM
aiti-2529	127	3	4	4	NUM
aiti-2529	127	4	.	.	PUNCT
aiti-2529	127	5	empirical	empirical	ADJ
aiti-2529	127	6	results	result	NOUN
aiti-2529	127	7	4.1	4.1	NUM
aiti-2529	127	8	.	.	PUNCT
aiti-2529	128	1	descriptive	descriptive	ADJ
aiti-2529	128	2	statistics	statistic	NOUN
aiti-2529	128	3	table	table	NOUN
aiti-2529	128	4	2	2	NUM
aiti-2529	128	5	summarizes	summarize	NOUN
aiti-2529	128	6	descriptive	descriptive	ADJ
aiti-2529	128	7	statistics	statistic	NOUN
aiti-2529	128	8	for	for	ADP
aiti-2529	128	9	the	the	DET
aiti-2529	128	10	value	value	NOUN
aiti-2529	128	11	creation	creation	NOUN
aiti-2529	128	12	,	,	PUNCT
aiti-2529	128	13	business	business	NOUN
aiti-2529	128	14	life	life	NOUN
aiti-2529	128	15	cycle	cycle	NOUN
aiti-2529	128	16	,	,	PUNCT
aiti-2529	128	17	brand	brand	NOUN
aiti-2529	128	18	,	,	PUNCT
aiti-2529	128	19	r&d	r&d	NOUN
aiti-2529	128	20	,	,	PUNCT
aiti-2529	128	21	internationalization	internationalization	NOUN
aiti-2529	128	22	,	,	PUNCT
aiti-2529	128	23	operation	operation	NOUN
aiti-2529	128	24	digitalization	digitalization	NOUN
aiti-2529	128	25	,	,	PUNCT
aiti-2529	128	26	and	and	CCONJ
aiti-2529	128	27	other	other	ADJ
aiti-2529	128	28	control	control	NOUN
aiti-2529	128	29	variables	variable	NOUN
aiti-2529	128	30	of	of	ADP
aiti-2529	128	31	management	management	NOUN
aiti-2529	128	32	across	across	ADP
aiti-2529	128	33	104,377	104,377	NUM
aiti-2529	128	34	manufacturers	manufacturer	NOUN
aiti-2529	128	35	in	in	ADP
aiti-2529	128	36	taiwan	taiwan	PROPN
aiti-2529	128	37	in	in	ADP
aiti-2529	128	38	2011	2011	NUM
aiti-2529	128	39	.	.	PUNCT
aiti-2529	129	1	for	for	ADP
aiti-2529	129	2	value	value	NOUN
aiti-2529	129	3	creation	creation	NOUN
aiti-2529	129	4	(	(	PUNCT
aiti-2529	129	5	va	va	NOUN
aiti-2529	129	6	)	)	PUNCT
aiti-2529	129	7	,	,	PUNCT
aiti-2529	129	8	the	the	DET
aiti-2529	129	9	mean	mean	NOUN
aiti-2529	129	10	for	for	ADP
aiti-2529	129	11	the	the	DET
aiti-2529	129	12	original	original	ADJ
aiti-2529	129	13	values	value	NOUN
aiti-2529	129	14	is	be	AUX
aiti-2529	129	15	at	at	ADP
aiti-2529	129	16	$	$	SYM
aiti-2529	129	17	39,043	39,043	NUM
aiti-2529	129	18	thousand	thousand	NUM
aiti-2529	129	19	new	new	ADJ
aiti-2529	129	20	taiwan	taiwan	PROPN
aiti-2529	129	21	dollars	dollar	NOUN
aiti-2529	129	22	across	across	ADP
aiti-2529	129	23	surveyed	survey	VERB
aiti-2529	129	24	manufactures	manufacture	NOUN
aiti-2529	129	25	in	in	ADP
aiti-2529	129	26	taiwan	taiwan	PROPN
aiti-2529	129	27	.	.	PUNCT
aiti-2529	130	1	the	the	DET
aiti-2529	130	2	gap	gap	NOUN
aiti-2529	130	3	between	between	ADP
aiti-2529	130	4	the	the	DET
aiti-2529	130	5	maximum	maximum	ADJ
aiti-2529	130	6	value	value	NOUN
aiti-2529	130	7	and	and	CCONJ
aiti-2529	130	8	the	the	DET
aiti-2529	130	9	minimum	minimum	ADJ
aiti-2529	130	10	value	value	NOUN
aiti-2529	130	11	appears	appear	VERB
aiti-2529	130	12	substantial	substantial	ADJ
aiti-2529	130	13	,	,	PUNCT
aiti-2529	130	14	confirmed	confirm	VERB
aiti-2529	130	15	by	by	ADP
aiti-2529	130	16	a	a	DET
aiti-2529	130	17	high	high	ADJ
aiti-2529	130	18	level	level	NOUN
aiti-2529	130	19	of	of	ADP
aiti-2529	130	20	its	its	PRON
aiti-2529	130	21	standard	standard	ADJ
aiti-2529	130	22	deviation	deviation	NOUN
aiti-2529	130	23	.	.	PUNCT
aiti-2529	131	1	a	a	DET
aiti-2529	131	2	similar	similar	ADJ
aiti-2529	131	3	pattern	pattern	NOUN
aiti-2529	131	4	is	be	AUX
aiti-2529	131	5	observed	observe	VERB
aiti-2529	131	6	in	in	ADP
aiti-2529	131	7	the	the	DET
aiti-2529	131	8	business	business	NOUN
aiti-2529	131	9	life	life	NOUN
aiti-2529	131	10	cycle	cycle	NOUN
aiti-2529	131	11	(	(	PUNCT
aiti-2529	131	12	age	age	NOUN
aiti-2529	131	13	)	)	PUNCT
aiti-2529	131	14	ranging	range	VERB
aiti-2529	131	15	from	from	ADP
aiti-2529	131	16	new	new	ADJ
aiti-2529	131	17	ventures	venture	NOUN
aiti-2529	131	18	(	(	PUNCT
aiti-2529	131	19	1	1	NUM
aiti-2529	131	20	year	year	NOUN
aiti-2529	131	21	)	)	PUNCT
aiti-2529	131	22	to	to	PART
aiti-2529	131	23	sustainable	sustainable	ADJ
aiti-2529	131	24	operating	operating	NOUN
aiti-2529	131	25	firms	firm	NOUN
aiti-2529	131	26	(	(	PUNCT
aiti-2529	131	27	100	100	NUM
aiti-2529	131	28	years	year	NOUN
aiti-2529	131	29	)	)	PUNCT
aiti-2529	131	30	.	.	PUNCT
aiti-2529	132	1	the	the	DET
aiti-2529	132	2	average	average	NOUN
aiti-2529	132	3	of	of	ADP
aiti-2529	132	4	age	age	NOUN
aiti-2529	132	5	is	be	AUX
aiti-2529	132	6	close	close	ADJ
aiti-2529	132	7	to	to	PART
aiti-2529	132	8	18	18	NUM
aiti-2529	132	9	years	year	NOUN
aiti-2529	132	10	.	.	PUNCT
aiti-2529	133	1	advances	advance	NOUN
aiti-2529	133	2	in	in	ADP
aiti-2529	133	3	technology	technology	NOUN
aiti-2529	133	4	innovation	innovation	NOUN
aiti-2529	133	5	,	,	PUNCT
aiti-2529	133	6	vol	vol	NOUN
aiti-2529	133	7	.	.	PROPN
aiti-2529	133	8	4	4	NUM
aiti-2529	133	9	,	,	PUNCT
aiti-2529	133	10	no	no	INTJ
aiti-2529	133	11	.	.	NOUN
aiti-2529	133	12	1	1	NUM
aiti-2529	133	13	,	,	PUNCT
aiti-2529	133	14	2019	2019	NUM
aiti-2529	133	15	,	,	PUNCT
aiti-2529	133	16	pp	pp	ADV
aiti-2529	133	17	.	.	PUNCT
aiti-2529	134	1	44	44	NUM
aiti-2529	134	2	57	57	NUM
aiti-2529	134	3	49	49	NUM
aiti-2529	134	4	the	the	DET
aiti-2529	134	5	ratios	ratio	NOUN
aiti-2529	134	6	of	of	ADP
aiti-2529	134	7	brand	brand	NOUN
aiti-2529	134	8	revenue	revenue	NOUN
aiti-2529	134	9	to	to	PART
aiti-2529	134	10	total	total	VERB
aiti-2529	134	11	revenue	revenue	NOUN
aiti-2529	134	12	(	(	PUNCT
aiti-2529	134	13	br	br	NOUN
aiti-2529	134	14	)	)	PUNCT
aiti-2529	134	15	,	,	PUNCT
aiti-2529	134	16	r&d	r&d	NOUN
aiti-2529	134	17	spending	spending	NOUN
aiti-2529	134	18	to	to	ADP
aiti-2529	134	19	total	total	ADJ
aiti-2529	134	20	spending	spending	NOUN
aiti-2529	134	21	(	(	PUNCT
aiti-2529	134	22	rd	rd	NOUN
aiti-2529	134	23	)	)	PUNCT
aiti-2529	134	24	,	,	PUNCT
aiti-2529	134	25	overseas	overseas	ADJ
aiti-2529	134	26	investment	investment	NOUN
aiti-2529	134	27	to	to	ADP
aiti-2529	134	28	net	net	ADJ
aiti-2529	134	29	fixed	fix	VERB
aiti-2529	134	30	asset	asset	NOUN
aiti-2529	134	31	(	(	PUNCT
aiti-2529	134	32	fi	fi	NOUN
aiti-2529	134	33	)	)	PUNCT
aiti-2529	134	34	,	,	PUNCT
aiti-2529	134	35	and	and	CCONJ
aiti-2529	134	36	export	export	NOUN
aiti-2529	134	37	to	to	ADP
aiti-2529	134	38	total	total	ADJ
aiti-2529	134	39	revenue	revenue	NOUN
aiti-2529	134	40	(	(	PUNCT
aiti-2529	134	41	ex	ex	NOUN
aiti-2529	134	42	)	)	PUNCT
aiti-2529	134	43	are	be	AUX
aiti-2529	134	44	respectively	respectively	ADV
aiti-2529	134	45	8.8812	8.8812	NUM
aiti-2529	134	46	%	%	NOUN
aiti-2529	134	47	,	,	PUNCT
aiti-2529	134	48	0.3251	0.3251	NUM
aiti-2529	134	49	%	%	NOUN
aiti-2529	134	50	,	,	PUNCT
aiti-2529	134	51	0.0511	0.0511	NUM
aiti-2529	134	52	%	%	NOUN
aiti-2529	134	53	,	,	PUNCT
aiti-2529	134	54	and	and	CCONJ
aiti-2529	134	55	8.3778	8.3778	NUM
aiti-2529	134	56	%	%	NOUN
aiti-2529	134	57	,	,	PUNCT
aiti-2529	134	58	showing	show	VERB
aiti-2529	134	59	strong	strong	ADJ
aiti-2529	134	60	bias	bias	NOUN
aiti-2529	134	61	to	to	ADP
aiti-2529	134	62	oems	oem	NOUN
aiti-2529	134	63	and	and	CCONJ
aiti-2529	134	64	insufficient	insufficient	ADJ
aiti-2529	134	65	internationalization	internationalization	NOUN
aiti-2529	134	66	for	for	ADP
aiti-2529	134	67	most	most	ADJ
aiti-2529	134	68	manufacturers	manufacturer	NOUN
aiti-2529	134	69	in	in	ADP
aiti-2529	134	70	taiwan	taiwan	PROPN
aiti-2529	134	71	.	.	PUNCT
aiti-2529	135	1	as	as	SCONJ
aiti-2529	135	2	regards	regard	VERB
aiti-2529	135	3	operation	operation	NOUN
aiti-2529	135	4	digitalization	digitalization	NOUN
aiti-2529	135	5	,	,	PUNCT
aiti-2529	135	6	the	the	DET
aiti-2529	135	7	ratios	ratio	NOUN
aiti-2529	135	8	of	of	ADP
aiti-2529	135	9	internet	internet	NOUN
aiti-2529	135	10	purchases	purchase	NOUN
aiti-2529	135	11	to	to	PART
aiti-2529	135	12	total	total	ADJ
aiti-2529	135	13	spending	spending	NOUN
aiti-2529	135	14	(	(	PUNCT
aiti-2529	135	15	ec22	ec22	PROPN
aiti-2529	135	16	)	)	PUNCT
aiti-2529	135	17	and	and	CCONJ
aiti-2529	135	18	internet	internet	NOUN
aiti-2529	135	19	sales	sale	NOUN
aiti-2529	135	20	to	to	ADP
aiti-2529	135	21	total	total	ADJ
aiti-2529	135	22	revenue	revenue	NOUN
aiti-2529	135	23	(	(	PUNCT
aiti-2529	135	24	ec32	ec32	PROPN
aiti-2529	135	25	)	)	PUNCT
aiti-2529	135	26	are	be	AUX
aiti-2529	135	27	1.3210	1.3210	NUM
aiti-2529	135	28	%	%	NOUN
aiti-2529	135	29	and	and	CCONJ
aiti-2529	135	30	1.3337	1.3337	NUM
aiti-2529	135	31	%	%	NOUN
aiti-2529	135	32	only	only	ADV
aiti-2529	135	33	,	,	PUNCT
aiti-2529	135	34	suggesting	suggest	VERB
aiti-2529	135	35	that	that	SCONJ
aiti-2529	135	36	purchases	purchase	NOUN
aiti-2529	135	37	and	and	CCONJ
aiti-2529	135	38	sales	sale	NOUN
aiti-2529	135	39	through	through	ADP
aiti-2529	135	40	internet	internet	NOUN
aiti-2529	135	41	remain	remain	VERB
aiti-2529	135	42	at	at	ADP
aiti-2529	135	43	its	its	PRON
aiti-2529	135	44	early	early	ADJ
aiti-2529	135	45	stage	stage	NOUN
aiti-2529	135	46	of	of	ADP
aiti-2529	135	47	development	development	NOUN
aiti-2529	135	48	in	in	ADP
aiti-2529	135	49	taiwan	taiwan	PROPN
aiti-2529	135	50	’s	’s	PART
aiti-2529	135	51	manufacturing	manufacturing	NOUN
aiti-2529	135	52	industry	industry	NOUN
aiti-2529	135	53	.	.	PUNCT
aiti-2529	136	1	in	in	ADP
aiti-2529	136	2	terms	term	NOUN
aiti-2529	136	3	of	of	ADP
aiti-2529	136	4	control	control	NOUN
aiti-2529	136	5	variables	variable	NOUN
aiti-2529	136	6	,	,	PUNCT
aiti-2529	136	7	the	the	DET
aiti-2529	136	8	dispersion	dispersion	NOUN
aiti-2529	136	9	for	for	ADP
aiti-2529	136	10	the	the	DET
aiti-2529	136	11	value	value	NOUN
aiti-2529	136	12	of	of	ADP
aiti-2529	136	13	net	net	ADJ
aiti-2529	136	14	assets	asset	NOUN
aiti-2529	136	15	(	(	PUNCT
aiti-2529	136	16	lsize	lsize	PROPN
aiti-2529	136	17	)	)	PUNCT
aiti-2529	136	18	that	that	PRON
aiti-2529	136	19	reflects	reflect	VERB
aiti-2529	136	20	the	the	DET
aiti-2529	136	21	firm	firm	NOUN
aiti-2529	136	22	’s	’s	PART
aiti-2529	136	23	operating	operate	VERB
aiti-2529	136	24	scale	scale	NOUN
aiti-2529	136	25	remains	remain	VERB
aiti-2529	136	26	significant	significant	ADJ
aiti-2529	136	27	in	in	ADP
aiti-2529	136	28	logarithm	logarithm	NOUN
aiti-2529	136	29	.	.	PUNCT
aiti-2529	137	1	the	the	DET
aiti-2529	137	2	capital	capital	NOUN
aiti-2529	137	3	-	-	PUNCT
aiti-2529	137	4	to	to	ADP
aiti-2529	137	5	-	-	PUNCT
aiti-2529	137	6	labor	labor	NOUN
aiti-2529	137	7	ratio	ratio	NOUN
aiti-2529	137	8	(	(	PUNCT
aiti-2529	137	9	klr	klr	PROPN
aiti-2529	137	10	)	)	PUNCT
aiti-2529	137	11	measured	measure	VERB
aiti-2529	137	12	by	by	ADP
aiti-2529	137	13	net	net	ADJ
aiti-2529	137	14	fixed	fix	VERB
aiti-2529	137	15	assets	asset	NOUN
aiti-2529	137	16	over	over	ADP
aiti-2529	137	17	the	the	DET
aiti-2529	137	18	number	number	NOUN
aiti-2529	137	19	of	of	ADP
aiti-2529	137	20	employees	employee	NOUN
aiti-2529	137	21	is	be	AUX
aiti-2529	137	22	averaged	average	VERB
aiti-2529	137	23	at	at	ADP
aiti-2529	137	24	1.5335	1.5335	NUM
aiti-2529	137	25	.	.	PUNCT
aiti-2529	138	1	table	table	NOUN
aiti-2529	138	2	2	2	NUM
aiti-2529	138	3	descriptive	descriptive	ADJ
aiti-2529	138	4	statistics	statistic	NOUN
aiti-2529	138	5	variable	variable	NOUN
aiti-2529	138	6	mean	mean	VERB
aiti-2529	138	7	maximum	maximum	ADJ
aiti-2529	138	8	minimum	minimum	ADJ
aiti-2529	138	9	std	std	NOUN
aiti-2529	138	10	.	.	PUNCT
aiti-2529	139	1	dev	dev	PROPN
aiti-2529	139	2	.	.	PROPN
aiti-2529	139	3	panel	panel	PROPN
aiti-2529	139	4	a	a	DET
aiti-2529	139	5	:	:	PUNCT
aiti-2529	139	6	value	value	NOUN
aiti-2529	139	7	creation	creation	NOUN
aiti-2529	139	8	lva	lva	PROPN
aiti-2529	139	9	8.5416	8.5416	NUM
aiti-2529	139	10	19.4878	19.4878	NUM
aiti-2529	139	11	5.0626	5.0626	NUM
aiti-2529	139	12	1.3276	1.3276	NUM
aiti-2529	139	13	panel	panel	NOUN
aiti-2529	139	14	b	b	NOUN
aiti-2529	139	15	:	:	PUNCT
aiti-2529	139	16	business	business	NOUN
aiti-2529	139	17	life	life	NOUN
aiti-2529	139	18	cycle	cycle	NOUN
aiti-2529	139	19	age	age	NOUN
aiti-2529	139	20	17.5632	17.5632	NUM
aiti-2529	139	21	100	100	NUM
aiti-2529	139	22	1	1	NUM
aiti-2529	139	23	0.2784	0.2784	NUM
aiti-2529	139	24	panel	panel	NOUN
aiti-2529	139	25	c	c	NOUN
aiti-2529	139	26	:	:	PUNCT
aiti-2529	139	27	asymmetric	asymmetric	PROPN
aiti-2529	139	28	grin	grin	PROPN
aiti-2529	139	29	curve	curve	NOUN
aiti-2529	139	30	br	br	PROPN
aiti-2529	139	31	8.8812	8.8812	NUM
aiti-2529	139	32	100	100	NUM
aiti-2529	139	33	0	0	NUM
aiti-2529	139	34	25.6504	25.6504	NUM
aiti-2529	139	35	rd	rd	NOUN
aiti-2529	139	36	0.3251	0.3251	NUM
aiti-2529	139	37	74.5755	74.5755	NUM
aiti-2529	139	38	0	0	NUM
aiti-2529	139	39	2253.051	2253.051	NUM
aiti-2529	139	40	fi	fi	NOUN
aiti-2529	139	41	0.0511	0.0511	NUM
aiti-2529	139	42	224.4135	224.4135	NUM
aiti-2529	139	43	0	0	NUM
aiti-2529	139	44	2.0569	2.0569	NUM
aiti-2529	139	45	ex	ex	NOUN
aiti-2529	139	46	8.3778	8.3778	NUM
aiti-2529	139	47	100	100	NUM
aiti-2529	139	48	0	0	NUM
aiti-2529	139	49	80.3330	80.3330	NUM
aiti-2529	139	50	panel	panel	NOUN
aiti-2529	139	51	d	d	NOUN
aiti-2529	139	52	:	:	PUNCT
aiti-2529	139	53	operation	operation	NOUN
aiti-2529	139	54	digitalization	digitalization	NOUN
aiti-2529	139	55	ec1	ec1	PROPN
aiti-2529	139	56	0.6122	0.6122	NUM
aiti-2529	139	57	1	1	NUM
aiti-2529	139	58	0	0	NUM
aiti-2529	139	59	1.3542	1.3542	NUM
aiti-2529	139	60	ec21	ec21	PROPN
aiti-2529	139	61	0.1136	0.1136	NUM
aiti-2529	139	62	1	1	NUM
aiti-2529	139	63	0	0	NUM
aiti-2529	139	64	227.8531	227.8531	NUM
aiti-2529	139	65	ec22	ec22	PROPN
aiti-2529	139	66	1.3209	1.3209	NUM
aiti-2529	139	67	99.5421	99.5421	NUM
aiti-2529	139	68	0	0	NUM
aiti-2529	139	69	22.1068	22.1068	NUM
aiti-2529	139	70	ec31	ec31	PROPN
aiti-2529	139	71	0.0847	0.0847	NUM
aiti-2529	139	72	1	1	NUM
aiti-2529	139	73	0	0	NUM
aiti-2529	140	1	1774.022	1774.022	NUM
aiti-2529	140	2	ec32	ec32	PROPN
aiti-2529	140	3	1.3337	1.3337	NUM
aiti-2529	140	4	99.9995	99.9995	NUM
aiti-2529	140	5	0	0	NUM
aiti-2529	140	6	0.4872	0.4872	NUM
aiti-2529	140	7	panel	panel	NOUN
aiti-2529	140	8	e	e	NOUN
aiti-2529	140	9	:	:	PUNCT
aiti-2529	140	10	control	control	VERB
aiti-2529	140	11	variable	variable	PROPN
aiti-2529	140	12	opr	opr	PROPN
aiti-2529	140	13	0.8308	0.8308	NUM
aiti-2529	140	14	1	1	NUM
aiti-2529	140	15	0	0	NUM
aiti-2529	140	16	0.3173	0.3173	NUM
aiti-2529	140	17	size	size	NOUN
aiti-2529	140	18	248,994	248,994	NUM
aiti-2529	140	19	1.53e+09	1.53e+09	NUM
aiti-2529	140	20	169	169	NUM
aiti-2529	140	21	6.4962	6.4962	NUM
aiti-2529	140	22	klr	klr	ADJ
aiti-2529	140	23	1.5335	1.5335	NUM
aiti-2529	140	24	63.8248	63.8248	NUM
aiti-2529	140	25	0.0016	0.0016	NUM
aiti-2529	140	26	0.3749	0.3749	NUM
aiti-2529	140	27	panel	panel	NOUN
aiti-2529	140	28	f	f	NOUN
aiti-2529	140	29	:	:	PUNCT
aiti-2529	140	30	industry	industry	NOUN
aiti-2529	140	31	class	class	NOUN
aiti-2529	140	32	inda	inda	PROPN
aiti-2529	140	33	0.0382	0.0382	NUM
aiti-2529	140	34	1	1	NUM
aiti-2529	140	35	0	0	NUM
aiti-2529	140	36	0.1917	0.1917	NUM
aiti-2529	140	37	indb	indb	NOUN
aiti-2529	140	38	0.0681	0.0681	NUM
aiti-2529	140	39	1	1	NUM
aiti-2529	140	40	0	0	NUM
aiti-2529	140	41	0.2519	0.2519	NUM
aiti-2529	140	42	indc	indc	NOUN
aiti-2529	140	43	0.0964	0.0964	NUM
aiti-2529	140	44	1	1	NUM
aiti-2529	140	45	0	0	NUM
aiti-2529	140	46	0.2951	0.2951	NUM
aiti-2529	140	47	indd	indd	NOUN
aiti-2529	140	48	0.0338	0.0338	NUM
aiti-2529	140	49	1	1	NUM
aiti-2529	140	50	0	0	NUM
aiti-2529	140	51	0.1806	0.1806	NUM
aiti-2529	140	52	inde	inde	NOUN
aiti-2529	140	53	0.0882	0.0882	NUM
aiti-2529	140	54	1	1	NUM
aiti-2529	140	55	0	0	NUM
aiti-2529	140	56	0.2836	0.2836	NUM
aiti-2529	140	57	indf	indf	NOUN
aiti-2529	140	58	0.2933	0.2933	NUM
aiti-2529	140	59	1	1	NUM
aiti-2529	140	60	0	0	NUM
aiti-2529	140	61	0.4553	0.4553	NUM
aiti-2529	140	62	indg	indg	NOUN
aiti-2529	140	63	0.0755	0.0755	NUM
aiti-2529	140	64	1	1	NUM
aiti-2529	140	65	0	0	NUM
aiti-2529	140	66	0.2642	0.2642	NUM
aiti-2529	140	67	indh	indh	VERB
aiti-2529	140	68	0.2135	0.2135	NUM
aiti-2529	140	69	1	1	NUM
aiti-2529	140	70	0	0	NUM
aiti-2529	140	71	0.4098	0.4098	NUM
aiti-2529	140	72	indi	indi	PUNCT
aiti-2529	140	73	0.0464	0.0464	NUM
aiti-2529	140	74	1	1	NUM
aiti-2529	140	75	0	0	NUM
aiti-2529	140	76	0.2103	0.2103	NUM
aiti-2529	140	77	indj	indj	NOUN
aiti-2529	140	78	0.0466	0.0466	NUM
aiti-2529	140	79	1	1	NUM
aiti-2529	140	80	0	0	NUM
aiti-2529	140	81	0.2107	0.2107	NUM
aiti-2529	140	82	4.2	4.2	NUM
aiti-2529	140	83	.	.	PUNCT
aiti-2529	141	1	estimation	estimation	NOUN
aiti-2529	141	2	results	result	NOUN
aiti-2529	141	3	table	table	NOUN
aiti-2529	141	4	3	3	NUM
aiti-2529	141	5	below	below	ADP
aiti-2529	141	6	summarizes	summarize	NOUN
aiti-2529	141	7	major	major	ADJ
aiti-2529	141	8	results	result	NOUN
aiti-2529	141	9	from	from	ADP
aiti-2529	141	10	estimation	estimation	NOUN
aiti-2529	141	11	of	of	ADP
aiti-2529	141	12	equation	equation	NOUN
aiti-2529	141	13	(	(	PUNCT
aiti-2529	141	14	1	1	NUM
aiti-2529	141	15	)	)	PUNCT
aiti-2529	141	16	with	with	ADP
aiti-2529	141	17	adjustment	adjustment	NOUN
aiti-2529	141	18	in	in	ADP
aiti-2529	141	19	heteroscedasticity	heteroscedasticity	PROPN
aiti-2529	141	20	.	.	PUNCT
aiti-2529	142	1	with	with	ADP
aiti-2529	142	2	additional	additional	ADJ
aiti-2529	142	3	regression	regression	NOUN
aiti-2529	142	4	for	for	ADP
aiti-2529	142	5	independent	independent	ADJ
aiti-2529	142	6	variables	variable	NOUN
aiti-2529	142	7	,	,	PUNCT
aiti-2529	142	8	the	the	DET
aiti-2529	142	9	variance	variance	NOUN
aiti-2529	142	10	inflation	inflation	NOUN
aiti-2529	142	11	factor	factor	NOUN
aiti-2529	142	12	(	(	PUNCT
aiti-2529	142	13	vif	vif	NOUN
aiti-2529	142	14	)	)	PUNCT
aiti-2529	142	15	appears	appear	VERB
aiti-2529	142	16	low	low	ADJ
aiti-2529	142	17	except	except	SCONJ
aiti-2529	142	18	for	for	ADP
aiti-2529	142	19	age	age	NOUN
aiti-2529	142	20	,	,	PUNCT
aiti-2529	142	21	age2	age2	PROPN
aiti-2529	142	22	,	,	PUNCT
aiti-2529	142	23	br	br	PROPN
aiti-2529	142	24	,	,	PUNCT
aiti-2529	142	25	br2	br2	PROPN
aiti-2529	142	26	,	,	PUNCT
aiti-2529	142	27	ex	ex	NOUN
aiti-2529	142	28	,	,	PUNCT
aiti-2529	142	29	and	and	CCONJ
aiti-2529	142	30	ex2	ex2	PROPN
aiti-2529	142	31	whose	whose	DET
aiti-2529	142	32	vif	vif	NOUN
aiti-2529	142	33	exceeds	exceed	VERB
aiti-2529	142	34	10	10	NUM
aiti-2529	142	35	.	.	PUNCT
aiti-2529	143	1	therefore	therefore	ADV
aiti-2529	143	2	,	,	PUNCT
aiti-2529	143	3	there	there	PRON
aiti-2529	143	4	is	be	VERB
aiti-2529	143	5	,	,	PUNCT
aiti-2529	143	6	overall	overall	ADJ
aiti-2529	143	7	,	,	PUNCT
aiti-2529	143	8	no	no	DET
aiti-2529	143	9	serious	serious	ADJ
aiti-2529	143	10	problem	problem	NOUN
aiti-2529	143	11	of	of	ADP
aiti-2529	143	12	collinearity	collinearity	NOUN
aiti-2529	143	13	.	.	PUNCT
aiti-2529	144	1	the	the	DET
aiti-2529	144	2	adjusted	adjust	VERB
aiti-2529	144	3	r2	r2	NOUN
aiti-2529	144	4	is	be	AUX
aiti-2529	144	5	around	around	ADP
aiti-2529	144	6	0.6533	0.6533	NUM
aiti-2529	144	7	,	,	PUNCT
aiti-2529	144	8	substantiating	substantiate	VERB
aiti-2529	144	9	sufficient	sufficient	ADJ
aiti-2529	144	10	explanatory	explanatory	ADJ
aiti-2529	144	11	power	power	NOUN
aiti-2529	144	12	of	of	ADP
aiti-2529	144	13	the	the	DET
aiti-2529	144	14	model	model	NOUN
aiti-2529	144	15	specified	specify	VERB
aiti-2529	144	16	.	.	PUNCT
aiti-2529	145	1	the	the	DET
aiti-2529	145	2	chi	chi	NOUN
aiti-2529	145	3	-	-	PUNCT
aiti-2529	145	4	squared	square	VERB
aiti-2529	145	5	value	value	NOUN
aiti-2529	145	6	for	for	ADP
aiti-2529	145	7	the	the	DET
aiti-2529	145	8	white	white	ADJ
aiti-2529	145	9	test	test	NOUN
aiti-2529	145	10	is	be	AUX
aiti-2529	145	11	at	at	ADP
aiti-2529	145	12	58,305	58,305	NUM
aiti-2529	145	13	,	,	PUNCT
aiti-2529	145	14	implying	imply	VERB
aiti-2529	145	15	significant	significant	ADJ
aiti-2529	145	16	heteroscedasticity	heteroscedasticity	NOUN
aiti-2529	145	17	in	in	ADP
aiti-2529	145	18	residuals	residual	NOUN
aiti-2529	145	19	.	.	PUNCT
aiti-2529	146	1	therefore	therefore	ADV
aiti-2529	146	2	,	,	PUNCT
aiti-2529	146	3	the	the	DET
aiti-2529	146	4	t	t	NOUN
aiti-2529	146	5	-	-	PUNCT
aiti-2529	146	6	values	value	NOUN
aiti-2529	146	7	reported	report	VERB
aiti-2529	146	8	in	in	ADP
aiti-2529	146	9	table	table	NOUN
aiti-2529	146	10	3	3	NUM
aiti-2529	146	11	are	be	AUX
aiti-2529	146	12	adjusted	adjust	VERB
aiti-2529	146	13	by	by	ADP
aiti-2529	146	14	robust	robust	ADJ
aiti-2529	146	15	standard	standard	ADJ
aiti-2529	146	16	errors	error	NOUN
aiti-2529	146	17	.	.	PUNCT
aiti-2529	147	1	advances	advance	NOUN
aiti-2529	147	2	in	in	ADP
aiti-2529	147	3	technology	technology	NOUN
aiti-2529	147	4	innovation	innovation	NOUN
aiti-2529	147	5	,	,	PUNCT
aiti-2529	147	6	vol	vol	NOUN
aiti-2529	147	7	.	.	PROPN
aiti-2529	147	8	4	4	NUM
aiti-2529	147	9	,	,	PUNCT
aiti-2529	147	10	no	no	INTJ
aiti-2529	147	11	.	.	NOUN
aiti-2529	147	12	1	1	NUM
aiti-2529	147	13	,	,	PUNCT
aiti-2529	147	14	2019	2019	NUM
aiti-2529	147	15	,	,	PUNCT
aiti-2529	147	16	pp	pp	ADV
aiti-2529	147	17	.	.	PUNCT
aiti-2529	148	1	44	44	NUM
aiti-2529	148	2	57	57	NUM
aiti-2529	148	3	50	50	NUM
aiti-2529	148	4	table	table	NOUN
aiti-2529	148	5	3	3	NUM
aiti-2529	148	6	estimation	estimation	NOUN
aiti-2529	148	7	results	result	VERB
aiti-2529	148	8	variable	variable	PROPN
aiti-2529	148	9	lva	lva	PROPN
aiti-2529	148	10	t	t	PROPN
aiti-2529	148	11	-	-	PUNCT
aiti-2529	148	12	value	value	NOUN
aiti-2529	148	13	vif	vif	NOUN
aiti-2529	148	14	constant	constant	ADJ
aiti-2529	148	15	3.2936	3.2936	NUM
aiti-2529	148	16	*	*	PUNCT
aiti-2529	148	17	*	*	PUNCT
aiti-2529	148	18	*	*	PUNCT
aiti-2529	148	19	104.3353	104.3353	NUM
aiti-2529	148	20	na	na	NOUN
aiti-2529	148	21	age	age	NOUN
aiti-2529	148	22	-0.0029	-0.0029	NOUN
aiti-2529	148	23	*	*	PUNCT
aiti-2529	148	24	*	*	PUNCT
aiti-2529	148	25	*	*	PUNCT
aiti-2529	148	26	-3.4095	-3.4095	NOUN
aiti-2529	148	27	11.8816	11.8816	NUM
aiti-2529	148	28	age	age	NOUN
aiti-2529	148	29	2	2	NUM
aiti-2529	148	30	1.01e-0.4	1.01e-0.4	NUM
aiti-2529	148	31	*	*	PUNCT
aiti-2529	148	32	*	*	PUNCT
aiti-2529	148	33	*	*	PUNCT
aiti-2529	148	34	4.7657	4.7657	NUM
aiti-2529	148	35	11.7598	11.7598	NUM
aiti-2529	148	36	br	br	NOUN
aiti-2529	148	37	0.0041	0.0041	NUM
aiti-2529	148	38	*	*	PUNCT
aiti-2529	148	39	*	*	PUNCT
aiti-2529	148	40	*	*	PUNCT
aiti-2529	149	1	6.0753	6.0753	NUM
aiti-2529	149	2	40.9094	40.9094	NUM
aiti-2529	149	3	br	br	NOUN
aiti-2529	149	4	2	2	NUM
aiti-2529	149	5	-3.08e-05	-3.08e-05	NOUN
aiti-2529	149	6	*	*	NOUN
aiti-2529	149	7	*	*	PROPN
aiti-2529	149	8	*	*	PROPN
aiti-2529	149	9	-4.0718	-4.0718	PROPN
aiti-2529	149	10	39.8211	39.8211	NUM
aiti-2529	149	11	rd	rd	NOUN
aiti-2529	149	12	0.0805	0.0805	NUM
aiti-2529	149	13	*	*	PUNCT
aiti-2529	149	14	*	*	PUNCT
aiti-2529	149	15	*	*	X
aiti-2529	149	16	22.0287	22.0287	NUM
aiti-2529	149	17	3.8738	3.8738	NUM
aiti-2529	149	18	rd	rd	NOUN
aiti-2529	149	19	2	2	NUM
aiti-2529	149	20	-0.0016	-0.0016	NOUN
aiti-2529	149	21	*	*	PUNCT
aiti-2529	149	22	*	*	PUNCT
aiti-2529	149	23	*	*	PUNCT
aiti-2529	149	24	-12.6025	-12.6025	PUNCT
aiti-2529	149	25	3.4283	3.4283	NUM
aiti-2529	149	26	fi	fi	NOUN
aiti-2529	149	27	0.0255	0.0255	NUM
aiti-2529	149	28	*	*	NOUN
aiti-2529	149	29	*	*	PUNCT
aiti-2529	149	30	*	*	PUNCT
aiti-2529	149	31	3.5577	3.5577	NUM
aiti-2529	149	32	4.3578	4.3578	NUM
aiti-2529	149	33	fi	fi	NOUN
aiti-2529	149	34	2	2	NUM
aiti-2529	149	35	-1.28e-04	-1.28e-04	PROPN
aiti-2529	149	36	*	*	PROPN
aiti-2529	149	37	*	*	PUNCT
aiti-2529	149	38	*	*	PUNCT
aiti-2529	149	39	-3.4249	-3.4249	NOUN
aiti-2529	149	40	4.2128	4.2128	NUM
aiti-2529	149	41	ex	ex	NOUN
aiti-2529	149	42	0.0119	0.0119	NUM
aiti-2529	149	43	*	*	PUNCT
aiti-2529	149	44	*	*	PUNCT
aiti-2529	149	45	*	*	X
aiti-2529	149	46	26.6641	26.6641	NUM
aiti-2529	149	47	13.6124	13.6124	NUM
aiti-2529	149	48	ex	ex	PRON
aiti-2529	149	49	2	2	NUM
aiti-2529	149	50	-9.36e-05	-9.36e-05	NOUN
aiti-2529	149	51	*	*	PUNCT
aiti-2529	149	52	*	*	PUNCT
aiti-2529	149	53	*	*	PUNCT
aiti-2529	149	54	-17.0069	-17.0069	SYM
aiti-2529	149	55	12.4328	12.4328	NUM
aiti-2529	149	56	ec1	ec1	PROPN
aiti-2529	149	57	0.0393	0.0393	PROPN
aiti-2529	149	58	*	*	PUNCT
aiti-2529	149	59	*	*	PUNCT
aiti-2529	149	60	*	*	PUNCT
aiti-2529	149	61	7.5535	7.5535	NUM
aiti-2529	149	62	1.1698	1.1698	NUM
aiti-2529	149	63	ec21	ec21	PROPN
aiti-2529	149	64	0.1310	0.1310	NUM
aiti-2529	149	65	*	*	PUNCT
aiti-2529	149	66	*	*	PUNCT
aiti-2529	149	67	*	*	X
aiti-2529	149	68	10.1139	10.1139	NUM
aiti-2529	149	69	2.6106	2.6106	NUM
aiti-2529	149	70	ec22	ec22	PROPN
aiti-2529	149	71	-4.72e-05	-4.72e-05	PROPN
aiti-2529	149	72	-0.0358	-0.0358	PROPN
aiti-2529	149	73	10.4591	10.4591	NUM
aiti-2529	149	74	ec222	ec222	PROPN
aiti-2529	149	75	-3.83e-05	-3.83e-05	PROPN
aiti-2529	149	76	*	*	PUNCT
aiti-2529	149	77	-1.8291	-1.8291	NOUN
aiti-2529	150	1	7.8524	7.8524	NUM
aiti-2529	150	2	ec31	ec31	PROPN
aiti-2529	150	3	0.0175	0.0175	NUM
aiti-2529	150	4	1.1186	1.1186	NUM
aiti-2529	150	5	2.8294	2.8294	NUM
aiti-2529	150	6	ec32	ec32	PROPN
aiti-2529	150	7	-7.47e-04	-7.47e-04	PROPN
aiti-2529	150	8	-0.6356	-0.6356	PROPN
aiti-2529	150	9	11.0646	11.0646	NUM
aiti-2529	150	10	ec322	ec322	PROPN
aiti-2529	150	11	8.26e-06	8.26e-06	NUM
aiti-2529	150	12	0.5897	0.5897	NUM
aiti-2529	150	13	7.9876	7.9876	NUM
aiti-2529	150	14	opr	opr	NOUN
aiti-2529	150	15	-0.0441	-0.0441	NOUN
aiti-2529	150	16	*	*	PROPN
aiti-2529	151	1	*	*	PUNCT
aiti-2529	151	2	*	*	PUNCT
aiti-2529	151	3	-6.4857	-6.4857	PROPN
aiti-2529	151	4	1.0724	1.0724	NUM
aiti-2529	151	5	klr	klr	PROPN
aiti-2529	151	6	-0.0942	-0.0942	PROPN
aiti-2529	151	7	*	*	PROPN
aiti-2529	151	8	*	*	PUNCT
aiti-2529	151	9	*	*	PUNCT
aiti-2529	151	10	-16.0990	-16.0990	PUNCT
aiti-2529	151	11	4.8555	4.8555	NUM
aiti-2529	151	12	klr	klr	ADJ
aiti-2529	151	13	2	2	NUM
aiti-2529	151	14	1.72e-04	1.72e-04	NUM
aiti-2529	151	15	*	*	PUNCT
aiti-2529	151	16	*	*	PUNCT
aiti-2529	151	17	*	*	PUNCT
aiti-2529	151	18	5.5128	5.5128	NUM
aiti-2529	151	19	1.4425	1.4425	NUM
aiti-2529	151	20	lsize	lsize	NOUN
aiti-2529	151	21	0.5627	0.5627	NUM
aiti-2529	151	22	*	*	PUNCT
aiti-2529	151	23	*	*	PUNCT
aiti-2529	151	24	*	*	PUNCT
aiti-2529	151	25	139.6625	139.6625	NUM
aiti-2529	151	26	5.6422	5.6422	NUM
aiti-2529	151	27	indb	indb	NOUN
aiti-2529	151	28	0.0771	0.0771	NUM
aiti-2529	151	29	*	*	PUNCT
aiti-2529	151	30	*	*	PUNCT
aiti-2529	151	31	*	*	PUNCT
aiti-2529	151	32	4.4743	4.4743	NUM
aiti-2529	151	33	3.0369	3.0369	NUM
aiti-2529	151	34	indc	indc	NOUN
aiti-2529	151	35	0.1214	0.1214	NUM
aiti-2529	151	36	*	*	PUNCT
aiti-2529	151	37	*	*	PUNCT
aiti-2529	151	38	*	*	PUNCT
aiti-2529	151	39	7.5717	7.5717	NUM
aiti-2529	151	40	4.5435	4.5435	NUM
aiti-2529	151	41	indd	indd	NOUN
aiti-2529	151	42	0.1636	0.1636	NUM
aiti-2529	151	43	*	*	PUNCT
aiti-2529	151	44	*	*	PUNCT
aiti-2529	151	45	*	*	PUNCT
aiti-2529	151	46	7.5286	7.5286	NUM
aiti-2529	151	47	1.7445	1.7445	NUM
aiti-2529	151	48	inde	inde	NOUN
aiti-2529	151	49	0.1141	0.1141	NUM
aiti-2529	151	50	*	*	PUNCT
aiti-2529	151	51	*	*	PUNCT
aiti-2529	151	52	*	*	PUNCT
aiti-2529	152	1	6.9995	6.9995	NUM
aiti-2529	152	2	3.9985	3.9985	NUM
aiti-2529	152	3	indf	indf	ADJ
aiti-2529	152	4	0.1983	0.1983	NUM
aiti-2529	152	5	*	*	PUNCT
aiti-2529	152	6	*	*	PUNCT
aiti-2529	152	7	*	*	X
aiti-2529	152	8	13.2852	13.2852	NUM
aiti-2529	152	9	8.7908	8.7908	NUM
aiti-2529	152	10	indg	indg	NOUN
aiti-2529	152	11	0.1771	0.1771	NUM
aiti-2529	152	12	*	*	PUNCT
aiti-2529	152	13	*	*	PUNCT
aiti-2529	152	14	*	*	PUNCT
aiti-2529	153	1	9.7818	9.7818	NUM
aiti-2529	153	2	2.8244	2.8244	NUM
aiti-2529	153	3	indh	indh	NOUN
aiti-2529	153	4	0.0903	0.0903	NUM
aiti-2529	153	5	*	*	PUNCT
aiti-2529	153	6	*	*	PUNCT
aiti-2529	153	7	*	*	PUNCT
aiti-2529	154	1	5.9271	5.9271	NUM
aiti-2529	154	2	6.8611	6.8611	NUM
aiti-2529	154	3	indi	indi	X
aiti-2529	154	4	0.2896	0.2896	PUNCT
aiti-2529	154	5	*	*	PUNCT
aiti-2529	154	6	*	*	PUNCT
aiti-2529	154	7	*	*	PUNCT
aiti-2529	154	8	15.6108	15.6108	NUM
aiti-2529	154	9	2.5161	2.5161	NUM
aiti-2529	154	10	indj	indj	NOUN
aiti-2529	154	11	-0.0217	-0.0217	ADJ
aiti-2529	154	12	-1.2003	-1.2003	NOUN
aiti-2529	155	1	2.5268	2.5268	NUM
aiti-2529	155	2	adjusted	adjusted	ADJ
aiti-2529	155	3	r	r	NOUN
aiti-2529	155	4	2	2	NUM
aiti-2529	155	5	0.6533	0.6533	NUM
aiti-2529	155	6	white	white	ADJ
aiti-2529	155	7	test	test	NOUN
aiti-2529	155	8	58,394	58,394	NUM
aiti-2529	155	9	*	*	PUNCT
aiti-2529	155	10	*	*	PUNCT
aiti-2529	155	11	*	*	PUNCT
aiti-2529	155	12	note	note	NOUN
aiti-2529	155	13	:	:	PUNCT
aiti-2529	155	14	*	*	PUNCT
aiti-2529	155	15	*	*	PUNCT
aiti-2529	155	16	*	*	PUNCT
aiti-2529	155	17	,	,	PUNCT
aiti-2529	155	18	*	*	PUNCT
aiti-2529	155	19	*	*	PUNCT
aiti-2529	155	20	,	,	PUNCT
aiti-2529	155	21	*	*	PUNCT
aiti-2529	155	22	for	for	ADP
aiti-2529	155	23	significance	significance	NOUN
aiti-2529	155	24	at	at	ADP
aiti-2529	155	25	the	the	DET
aiti-2529	155	26	1	1	NUM
aiti-2529	155	27	%	%	NOUN
aiti-2529	155	28	,	,	PUNCT
aiti-2529	155	29	5	5	NUM
aiti-2529	155	30	%	%	NOUN
aiti-2529	155	31	,	,	PUNCT
aiti-2529	155	32	10	10	NUM
aiti-2529	155	33	%	%	NOUN
aiti-2529	155	34	level	level	NOUN
aiti-2529	155	35	.	.	PUNCT
aiti-2529	156	1	fig	fig	NOUN
aiti-2529	156	2	.	.	PUNCT
aiti-2529	157	1	4	4	NUM
aiti-2529	157	2	marginal	marginal	ADJ
aiti-2529	157	3	impact	impact	NOUN
aiti-2529	157	4	of	of	ADP
aiti-2529	157	5	business	business	NOUN
aiti-2529	157	6	life	life	NOUN
aiti-2529	157	7	cycle	cycle	NOUN
aiti-2529	157	8	fig	fig	NOUN
aiti-2529	157	9	.	.	PUNCT
aiti-2529	158	1	5	5	NUM
aiti-2529	158	2	marginal	marginal	ADJ
aiti-2529	158	3	impact	impact	NOUN
aiti-2529	158	4	of	of	ADP
aiti-2529	158	5	brand	brand	NOUN
aiti-2529	158	6	revenue	revenue	NOUN
aiti-2529	158	7	advances	advance	NOUN
aiti-2529	158	8	in	in	ADP
aiti-2529	158	9	technology	technology	NOUN
aiti-2529	158	10	innovation	innovation	NOUN
aiti-2529	158	11	,	,	PUNCT
aiti-2529	158	12	vol	vol	NOUN
aiti-2529	158	13	.	.	PROPN
aiti-2529	158	14	4	4	NUM
aiti-2529	158	15	,	,	PUNCT
aiti-2529	158	16	no	no	INTJ
aiti-2529	158	17	.	.	NOUN
aiti-2529	158	18	1	1	NUM
aiti-2529	158	19	,	,	PUNCT
aiti-2529	158	20	2019	2019	NUM
aiti-2529	158	21	,	,	PUNCT
aiti-2529	158	22	pp	pp	ADV
aiti-2529	158	23	.	.	PUNCT
aiti-2529	159	1	44	44	NUM
aiti-2529	159	2	57	57	NUM
aiti-2529	159	3	51	51	NUM
aiti-2529	159	4	next	next	ADV
aiti-2529	159	5	,	,	PUNCT
aiti-2529	159	6	the	the	DET
aiti-2529	159	7	seven	seven	NUM
aiti-2529	159	8	hypotheses	hypothesis	NOUN
aiti-2529	159	9	summarized	summarize	VERB
aiti-2529	159	10	from	from	ADP
aiti-2529	159	11	(	(	PUNCT
aiti-2529	159	12	2.1	2.1	NUM
aiti-2529	159	13	)	)	PUNCT
aiti-2529	159	14	to	to	ADP
aiti-2529	159	15	(	(	PUNCT
aiti-2529	159	16	2.7	2.7	NUM
aiti-2529	159	17	)	)	PUNCT
aiti-2529	159	18	are	be	AUX
aiti-2529	159	19	each	each	PRON
aiti-2529	159	20	examined	examine	VERB
aiti-2529	159	21	.	.	PUNCT
aiti-2529	160	1	for	for	ADP
aiti-2529	160	2	h1	h1	PROPN
aiti-2529	160	3	,	,	PUNCT
aiti-2529	160	4	the	the	DET
aiti-2529	160	5	estimated	estimate	VERB
aiti-2529	160	6	coefficient	coefficient	NOUN
aiti-2529	160	7	for	for	ADP
aiti-2529	160	8	age	age	NOUN
aiti-2529	160	9	is	be	AUX
aiti-2529	160	10	significantly	significantly	ADV
aiti-2529	160	11	lower	low	ADJ
aiti-2529	160	12	than	than	ADP
aiti-2529	160	13	zero	zero	NUM
aiti-2529	160	14	and	and	CCONJ
aiti-2529	160	15	that	that	SCONJ
aiti-2529	160	16	for	for	ADP
aiti-2529	160	17	age2	age2	NOUN
aiti-2529	160	18	is	be	AUX
aiti-2529	160	19	significantly	significantly	ADV
aiti-2529	160	20	greater	great	ADJ
aiti-2529	160	21	than	than	ADP
aiti-2529	160	22	zero	zero	NUM
aiti-2529	160	23	.	.	PUNCT
aiti-2529	161	1	this	this	PRON
aiti-2529	161	2	confirms	confirm	VERB
aiti-2529	161	3	that	that	SCONJ
aiti-2529	161	4	the	the	DET
aiti-2529	161	5	relation	relation	NOUN
aiti-2529	161	6	between	between	ADP
aiti-2529	161	7	value	value	NOUN
aiti-2529	161	8	creation	creation	NOUN
aiti-2529	161	9	(	(	PUNCT
aiti-2529	161	10	lva	lva	PROPN
aiti-2529	161	11	)	)	PUNCT
aiti-2529	161	12	and	and	CCONJ
aiti-2529	161	13	the	the	DET
aiti-2529	161	14	business	business	NOUN
aiti-2529	161	15	life	life	NOUN
aiti-2529	161	16	cycle	cycle	NOUN
aiti-2529	161	17	can	can	AUX
aiti-2529	161	18	be	be	AUX
aiti-2529	161	19	portrayed	portray	VERB
aiti-2529	161	20	by	by	ADP
aiti-2529	161	21	a	a	DET
aiti-2529	161	22	u	u	NOUN
aiti-2529	161	23	-	-	ADJ
aiti-2529	161	24	shaped	shape	VERB
aiti-2529	161	25	curve	curve	NOUN
aiti-2529	161	26	which	which	PRON
aiti-2529	161	27	decreases	decrease	VERB
aiti-2529	161	28	first	first	ADV
aiti-2529	161	29	before	before	ADP
aiti-2529	161	30	increasing	increase	VERB
aiti-2529	161	31	.	.	PUNCT
aiti-2529	162	1	this	this	DET
aiti-2529	162	2	link	link	NOUN
aiti-2529	162	3	can	can	AUX
aiti-2529	162	4	be	be	AUX
aiti-2529	162	5	illustrated	illustrate	VERB
aiti-2529	162	6	by	by	ADP
aiti-2529	162	7	fig	fig	NOUN
aiti-2529	162	8	.	.	PUNCT
aiti-2529	163	1	4	4	X
aiti-2529	163	2	.	.	X
aiti-2529	164	1	in	in	ADP
aiti-2529	164	2	fig	fig	NOUN
aiti-2529	164	3	.	.	PUNCT
aiti-2529	165	1	4	4	NUM
aiti-2529	165	2	,	,	PUNCT
aiti-2529	165	3	the	the	DET
aiti-2529	165	4	minimum	minimum	ADJ
aiti-2529	165	5	point	point	NOUN
aiti-2529	165	6	of	of	ADP
aiti-2529	165	7	the	the	DET
aiti-2529	165	8	lva	lva	PROPN
aiti-2529	165	9	curve	curve	NOUN
aiti-2529	165	10	corresponds	correspond	VERB
aiti-2529	165	11	to	to	ADP
aiti-2529	165	12	around	around	ADP
aiti-2529	165	13	15	15	NUM
aiti-2529	165	14	years	year	NOUN
aiti-2529	165	15	of	of	ADP
aiti-2529	165	16	the	the	DET
aiti-2529	165	17	business	business	NOUN
aiti-2529	165	18	life	life	NOUN
aiti-2529	165	19	cycle	cycle	NOUN
aiti-2529	165	20	.	.	PUNCT
aiti-2529	166	1	hence	hence	ADV
aiti-2529	166	2	,	,	PUNCT
aiti-2529	166	3	new	new	ADJ
aiti-2529	166	4	ventures	venture	NOUN
aiti-2529	166	5	have	have	VERB
aiti-2529	166	6	to	to	PART
aiti-2529	166	7	pay	pay	VERB
aiti-2529	166	8	a	a	DET
aiti-2529	166	9	cost	cost	NOUN
aiti-2529	166	10	of	of	ADP
aiti-2529	166	11	lower	low	ADJ
aiti-2529	166	12	value	value	NOUN
aiti-2529	166	13	creation	creation	NOUN
aiti-2529	166	14	at	at	ADP
aiti-2529	166	15	the	the	DET
aiti-2529	166	16	early	early	ADJ
aiti-2529	166	17	stage	stage	NOUN
aiti-2529	166	18	of	of	ADP
aiti-2529	166	19	corporate	corporate	ADJ
aiti-2529	166	20	development	development	NOUN
aiti-2529	166	21	,	,	PUNCT
aiti-2529	166	22	supporting	support	VERB
aiti-2529	166	23	h1	h1	NOUN
aiti-2529	166	24	(	(	PUNCT
aiti-2529	166	25	2.1	2.1	NUM
aiti-2529	166	26	)	)	PUNCT
aiti-2529	166	27	.	.	PUNCT
aiti-2529	167	1	for	for	ADP
aiti-2529	167	2	h2	h2	PROPN
aiti-2529	167	3	,	,	PUNCT
aiti-2529	167	4	the	the	DET
aiti-2529	167	5	marginal	marginal	ADJ
aiti-2529	167	6	impact	impact	NOUN
aiti-2529	167	7	of	of	ADP
aiti-2529	167	8	br	br	PROPN
aiti-2529	167	9	on	on	ADP
aiti-2529	167	10	lva	lva	PROPN
aiti-2529	167	11	is	be	AUX
aiti-2529	167	12	observed	observe	VERB
aiti-2529	167	13	from	from	ADP
aiti-2529	167	14	a	a	DET
aiti-2529	167	15	reversed	reversed	ADJ
aiti-2529	167	16	u	u	ADJ
aiti-2529	167	17	-	-	ADJ
aiti-2529	167	18	shaped	shape	VERB
aiti-2529	167	19	curve	curve	NOUN
aiti-2529	167	20	that	that	PRON
aiti-2529	167	21	rises	rise	VERB
aiti-2529	167	22	first	first	ADV
aiti-2529	167	23	before	before	ADP
aiti-2529	167	24	falling	fall	VERB
aiti-2529	167	25	,	,	PUNCT
aiti-2529	167	26	illustrated	illustrate	VERB
aiti-2529	167	27	by	by	ADP
aiti-2529	167	28	fig	fig	NOUN
aiti-2529	167	29	.	.	PUNCT
aiti-2529	168	1	5	5	X
aiti-2529	168	2	.	.	X
aiti-2529	168	3	the	the	DET
aiti-2529	168	4	maximum	maximum	ADJ
aiti-2529	168	5	point	point	NOUN
aiti-2529	168	6	of	of	ADP
aiti-2529	168	7	the	the	DET
aiti-2529	168	8	lva	lva	PROPN
aiti-2529	168	9	curve	curve	NOUN
aiti-2529	168	10	is	be	AUX
aiti-2529	168	11	at	at	ADP
aiti-2529	168	12	66.5584	66.5584	NUM
aiti-2529	168	13	%	%	NOUN
aiti-2529	168	14	,	,	PUNCT
aiti-2529	168	15	far	far	ADV
aiti-2529	168	16	above	above	ADP
aiti-2529	168	17	the	the	DET
aiti-2529	168	18	sample	sample	NOUN
aiti-2529	168	19	mean	mean	NOUN
aiti-2529	168	20	(	(	PUNCT
aiti-2529	168	21	8.8812	8.8812	NUM
aiti-2529	168	22	%	%	NOUN
aiti-2529	168	23	)	)	PUNCT
aiti-2529	168	24	.	.	PUNCT
aiti-2529	169	1	therefore	therefore	ADV
aiti-2529	169	2	,	,	PUNCT
aiti-2529	169	3	the	the	DET
aiti-2529	169	4	role	role	NOUN
aiti-2529	169	5	of	of	ADP
aiti-2529	169	6	branding	brand	VERB
aiti-2529	169	7	in	in	ADP
aiti-2529	169	8	value	value	NOUN
aiti-2529	169	9	creation	creation	NOUN
aiti-2529	169	10	is	be	AUX
aiti-2529	169	11	captured	capture	VERB
aiti-2529	169	12	by	by	ADP
aiti-2529	169	13	a	a	DET
aiti-2529	169	14	grin	grin	NOUN
aiti-2529	169	15	curve	curve	NOUN
aiti-2529	169	16	and	and	CCONJ
aiti-2529	169	17	there	there	PRON
aiti-2529	169	18	seems	seem	VERB
aiti-2529	169	19	great	great	ADJ
aiti-2529	169	20	room	room	NOUN
aiti-2529	169	21	for	for	ADP
aiti-2529	169	22	improvement	improvement	NOUN
aiti-2529	169	23	in	in	ADP
aiti-2529	169	24	taiwan	taiwan	PROPN
aiti-2529	169	25	’s	’s	PART
aiti-2529	169	26	current	current	ADJ
aiti-2529	169	27	obms	obms	NOUN
aiti-2529	169	28	,	,	PUNCT
aiti-2529	169	29	supporting	support	VERB
aiti-2529	169	30	h2	h2	NOUN
aiti-2529	169	31	(	(	PUNCT
aiti-2529	169	32	2.2	2.2	NUM
aiti-2529	169	33	)	)	PUNCT
aiti-2529	169	34	.	.	PUNCT
aiti-2529	170	1	as	as	SCONJ
aiti-2529	170	2	regards	regard	VERB
aiti-2529	170	3	h3	h3	NOUN
aiti-2529	170	4	,	,	PUNCT
aiti-2529	170	5	the	the	DET
aiti-2529	170	6	coefficient	coefficient	NOUN
aiti-2529	170	7	for	for	ADP
aiti-2529	170	8	rd	rd	PROPN
aiti-2529	170	9	is	be	AUX
aiti-2529	170	10	positive	positive	ADJ
aiti-2529	170	11	whereas	whereas	SCONJ
aiti-2529	170	12	that	that	PRON
aiti-2529	170	13	for	for	ADP
aiti-2529	170	14	rd2	rd2	PROPN
aiti-2529	170	15	is	be	AUX
aiti-2529	170	16	negative	negative	ADJ
aiti-2529	170	17	.	.	PUNCT
aiti-2529	171	1	this	this	PRON
aiti-2529	171	2	can	can	AUX
aiti-2529	171	3	be	be	AUX
aiti-2529	171	4	illustrated	illustrate	VERB
aiti-2529	171	5	by	by	ADP
aiti-2529	171	6	fig	fig	NOUN
aiti-2529	171	7	.	.	PUNCT
aiti-2529	172	1	6	6	NUM
aiti-2529	172	2	,	,	PUNCT
aiti-2529	172	3	where	where	SCONJ
aiti-2529	172	4	the	the	DET
aiti-2529	172	5	relation	relation	NOUN
aiti-2529	172	6	between	between	ADP
aiti-2529	172	7	r&d	r&d	NOUN
aiti-2529	172	8	spending	spending	NOUN
aiti-2529	172	9	and	and	CCONJ
aiti-2529	172	10	value	value	NOUN
aiti-2529	172	11	creation	creation	NOUN
aiti-2529	172	12	is	be	AUX
aiti-2529	172	13	presented	present	VERB
aiti-2529	172	14	by	by	ADP
aiti-2529	172	15	a	a	DET
aiti-2529	172	16	reversed	reverse	VERB
aiti-2529	172	17	u	u	ADJ
aiti-2529	172	18	-	-	ADJ
aiti-2529	172	19	shaped	shape	VERB
aiti-2529	172	20	curve	curve	NOUN
aiti-2529	172	21	.	.	PUNCT
aiti-2529	173	1	the	the	DET
aiti-2529	173	2	maximum	maximum	ADJ
aiti-2529	173	3	point	point	NOUN
aiti-2529	173	4	of	of	ADP
aiti-2529	173	5	the	the	DET
aiti-2529	173	6	lva	lva	PROPN
aiti-2529	173	7	curve	curve	NOUN
aiti-2529	173	8	is	be	AUX
aiti-2529	173	9	at	at	ADP
aiti-2529	173	10	25.1563	25.1563	NUM
aiti-2529	173	11	%	%	NOUN
aiti-2529	173	12	,	,	PUNCT
aiti-2529	173	13	far	far	ADV
aiti-2529	173	14	above	above	ADP
aiti-2529	173	15	the	the	DET
aiti-2529	173	16	mean	mean	NOUN
aiti-2529	173	17	for	for	ADP
aiti-2529	173	18	rd	rd	PROPN
aiti-2529	173	19	(	(	PUNCT
aiti-2529	173	20	0.3251	0.3251	NUM
aiti-2529	173	21	%	%	NOUN
aiti-2529	173	22	)	)	PUNCT
aiti-2529	173	23	.	.	PUNCT
aiti-2529	174	1	hence	hence	ADV
aiti-2529	174	2	,	,	PUNCT
aiti-2529	174	3	on	on	ADP
aiti-2529	174	4	the	the	DET
aiti-2529	174	5	left	left	ADJ
aiti-2529	174	6	side	side	NOUN
aiti-2529	174	7	of	of	ADP
aiti-2529	174	8	supply	supply	NOUN
aiti-2529	174	9	chains	chain	NOUN
aiti-2529	174	10	,	,	PUNCT
aiti-2529	174	11	the	the	DET
aiti-2529	174	12	strategies	strategy	NOUN
aiti-2529	174	13	for	for	ADP
aiti-2529	174	14	odms	odm	NOUN
aiti-2529	174	15	are	be	AUX
aiti-2529	174	16	subject	subject	ADJ
aiti-2529	174	17	to	to	ADP
aiti-2529	174	18	a	a	DET
aiti-2529	174	19	rising	rise	VERB
aiti-2529	174	20	-	-	PUNCT
aiti-2529	174	21	then	then	ADV
aiti-2529	174	22	-	-	PUNCT
aiti-2529	174	23	falling	fall	VERB
aiti-2529	174	24	grin	grin	NOUN
aiti-2529	174	25	curve	curve	NOUN
aiti-2529	174	26	,	,	PUNCT
aiti-2529	174	27	supporting	support	VERB
aiti-2529	174	28	h3	h3	NOUN
aiti-2529	174	29	(	(	PUNCT
aiti-2529	174	30	2.3	2.3	NUM
aiti-2529	174	31	)	)	PUNCT
aiti-2529	174	32	.	.	PUNCT
aiti-2529	175	1	comparing	compare	VERB
aiti-2529	175	2	the	the	DET
aiti-2529	175	3	marginal	marginal	ADJ
aiti-2529	175	4	impact	impact	NOUN
aiti-2529	175	5	of	of	ADP
aiti-2529	175	6	brand	brand	NOUN
aiti-2529	175	7	(	(	PUNCT
aiti-2529	175	8	fig	fig	NOUN
aiti-2529	175	9	.	.	PUNCT
aiti-2529	175	10	5	5	NUM
aiti-2529	175	11	)	)	PUNCT
aiti-2529	175	12	and	and	CCONJ
aiti-2529	175	13	the	the	DET
aiti-2529	175	14	marginal	marginal	ADJ
aiti-2529	175	15	impact	impact	NOUN
aiti-2529	175	16	of	of	ADP
aiti-2529	175	17	r&d	r&d	NOUN
aiti-2529	175	18	(	(	PUNCT
aiti-2529	175	19	fig	fig	NOUN
aiti-2529	175	20	.	.	PUNCT
aiti-2529	175	21	6	6	NUM
aiti-2529	175	22	)	)	PUNCT
aiti-2529	175	23	,	,	PUNCT
aiti-2529	175	24	it	it	PRON
aiti-2529	175	25	is	be	AUX
aiti-2529	175	26	observed	observe	VERB
aiti-2529	175	27	that	that	SCONJ
aiti-2529	175	28	the	the	DET
aiti-2529	175	29	former	former	ADJ
aiti-2529	175	30	impact	impact	NOUN
aiti-2529	175	31	is	be	AUX
aiti-2529	175	32	smaller	small	ADJ
aiti-2529	175	33	than	than	ADP
aiti-2529	175	34	the	the	DET
aiti-2529	175	35	latter	latter	ADJ
aiti-2529	175	36	impact	impact	NOUN
aiti-2529	175	37	.	.	PUNCT
aiti-2529	176	1	in	in	ADP
aiti-2529	176	2	other	other	ADJ
aiti-2529	176	3	words	word	NOUN
aiti-2529	176	4	,	,	PUNCT
aiti-2529	176	5	we	we	PRON
aiti-2529	176	6	observe	observe	VERB
aiti-2529	176	7	an	an	DET
aiti-2529	176	8	asymmetric	asymmetric	ADJ
aiti-2529	176	9	grin	grin	NOUN
aiti-2529	176	10	curve	curve	NOUN
aiti-2529	176	11	whose	whose	DET
aiti-2529	176	12	left	leave	VERB
aiti-2529	176	13	-	-	PUNCT
aiti-2529	176	14	side	side	NOUN
aiti-2529	176	15	peak	peak	NOUN
aiti-2529	176	16	is	be	AUX
aiti-2529	176	17	higher	high	ADJ
aiti-2529	176	18	than	than	ADP
aiti-2529	176	19	the	the	DET
aiti-2529	176	20	right	right	ADJ
aiti-2529	176	21	-	-	PUNCT
aiti-2529	176	22	side	side	NOUN
aiti-2529	176	23	peak	peak	NOUN
aiti-2529	176	24	,	,	PUNCT
aiti-2529	176	25	supporting	support	VERB
aiti-2529	176	26	h4	h4	NOUN
aiti-2529	176	27	(	(	PUNCT
aiti-2529	176	28	2.4	2.4	NUM
aiti-2529	176	29	)	)	PUNCT
aiti-2529	176	30	.	.	PUNCT
aiti-2529	177	1	with	with	ADP
aiti-2529	177	2	respect	respect	NOUN
aiti-2529	177	3	to	to	ADP
aiti-2529	177	4	h5	h5	PROPN
aiti-2529	177	5	,	,	PUNCT
aiti-2529	177	6	the	the	DET
aiti-2529	177	7	estimated	estimate	VERB
aiti-2529	177	8	coefficients	coefficient	NOUN
aiti-2529	177	9	for	for	ADP
aiti-2529	177	10	fi	fi	NOUN
aiti-2529	177	11	and	and	CCONJ
aiti-2529	177	12	fi2	fi2	NOUN
aiti-2529	177	13	also	also	ADV
aiti-2529	177	14	supports	support	VERB
aiti-2529	177	15	h5	h5	PROPN
aiti-2529	177	16	(	(	PUNCT
aiti-2529	177	17	2.5	2.5	NUM
aiti-2529	177	18	)	)	PUNCT
aiti-2529	177	19	,	,	PUNCT
aiti-2529	177	20	which	which	PRON
aiti-2529	177	21	implies	imply	VERB
aiti-2529	177	22	a	a	DET
aiti-2529	177	23	reversed	reverse	VERB
aiti-2529	177	24	u	u	ADJ
aiti-2529	177	25	-	-	ADJ
aiti-2529	177	26	shaped	shape	VERB
aiti-2529	177	27	lva	lva	PROPN
aiti-2529	177	28	curve	curve	NOUN
aiti-2529	177	29	illustrated	illustrate	VERB
aiti-2529	177	30	by	by	ADP
aiti-2529	177	31	fig	fig	NOUN
aiti-2529	177	32	.	.	PUNCT
aiti-2529	178	1	7	7	X
aiti-2529	178	2	.	.	X
aiti-2529	178	3	the	the	DET
aiti-2529	178	4	maximum	maximum	ADJ
aiti-2529	178	5	point	point	NOUN
aiti-2529	178	6	of	of	ADP
aiti-2529	178	7	this	this	DET
aiti-2529	178	8	curve	curve	NOUN
aiti-2529	178	9	corresponds	correspond	VERB
aiti-2529	178	10	to	to	ADP
aiti-2529	178	11	a	a	DET
aiti-2529	178	12	ratio	ratio	NOUN
aiti-2529	178	13	of	of	ADP
aiti-2529	178	14	overseas	overseas	ADJ
aiti-2529	178	15	investment	investment	NOUN
aiti-2529	178	16	to	to	ADP
aiti-2529	178	17	net	net	ADJ
aiti-2529	178	18	fixed	fix	VERB
aiti-2529	178	19	assets	asset	NOUN
aiti-2529	178	20	at	at	ADP
aiti-2529	178	21	99.6094	99.6094	NUM
aiti-2529	178	22	%	%	NOUN
aiti-2529	178	23	,	,	PUNCT
aiti-2529	178	24	far	far	ADV
aiti-2529	178	25	above	above	ADP
aiti-2529	178	26	the	the	DET
aiti-2529	178	27	industry	industry	NOUN
aiti-2529	178	28	mean	mean	NOUN
aiti-2529	178	29	(	(	PUNCT
aiti-2529	178	30	0.0511	0.0511	NUM
aiti-2529	178	31	%	%	NOUN
aiti-2529	178	32	)	)	PUNCT
aiti-2529	178	33	,	,	PUNCT
aiti-2529	178	34	suggesting	suggest	VERB
aiti-2529	178	35	current	current	ADJ
aiti-2529	178	36	underinvestment	underinvestment	NOUN
aiti-2529	178	37	overseas	overseas	ADV
aiti-2529	178	38	by	by	ADP
aiti-2529	178	39	most	most	ADJ
aiti-2529	178	40	smes	sme	NOUN
aiti-2529	178	41	in	in	ADP
aiti-2529	178	42	taiwan	taiwan	PROPN
aiti-2529	178	43	’s	’s	PART
aiti-2529	178	44	manufacturing	manufacturing	NOUN
aiti-2529	178	45	industry	industry	NOUN
aiti-2529	178	46	.	.	PUNCT
aiti-2529	179	1	the	the	DET
aiti-2529	179	2	finding	finding	NOUN
aiti-2529	179	3	for	for	ADP
aiti-2529	179	4	h6	h6	PROPN
aiti-2529	179	5	is	be	AUX
aiti-2529	179	6	analogous	analogous	ADJ
aiti-2529	179	7	to	to	ADP
aiti-2529	179	8	that	that	PRON
aiti-2529	179	9	for	for	ADP
aiti-2529	179	10	h5	h5	PROPN
aiti-2529	179	11	.	.	PUNCT
aiti-2529	180	1	as	as	SCONJ
aiti-2529	180	2	illustrated	illustrate	VERB
aiti-2529	180	3	by	by	ADP
aiti-2529	180	4	fig	fig	NOUN
aiti-2529	180	5	.	.	PUNCT
aiti-2529	181	1	8	8	NUM
aiti-2529	181	2	,	,	PUNCT
aiti-2529	181	3	the	the	DET
aiti-2529	181	4	optimal	optimal	ADJ
aiti-2529	181	5	export	export	NOUN
aiti-2529	181	6	ratio	ratio	NOUN
aiti-2529	181	7	is	be	AUX
aiti-2529	181	8	at	at	ADP
aiti-2529	181	9	63.5684	63.5684	NUM
aiti-2529	181	10	%	%	NOUN
aiti-2529	181	11	and	and	CCONJ
aiti-2529	181	12	also	also	ADV
aiti-2529	181	13	far	far	ADV
aiti-2529	181	14	above	above	ADP
aiti-2529	181	15	the	the	DET
aiti-2529	181	16	industry	industry	NOUN
aiti-2529	181	17	mean	mean	NOUN
aiti-2529	181	18	(	(	PUNCT
aiti-2529	181	19	8.3788	8.3788	NUM
aiti-2529	181	20	%	%	NOUN
aiti-2529	181	21	)	)	PUNCT
aiti-2529	181	22	.	.	PUNCT
aiti-2529	182	1	hence	hence	ADV
aiti-2529	182	2	,	,	PUNCT
aiti-2529	182	3	taiwan	taiwan	PROPN
aiti-2529	182	4	’s	’s	PART
aiti-2529	182	5	manufacturers	manufacturer	NOUN
aiti-2529	182	6	which	which	PRON
aiti-2529	182	7	aim	aim	VERB
aiti-2529	182	8	to	to	PART
aiti-2529	182	9	strengthen	strengthen	VERB
aiti-2529	182	10	the	the	DET
aiti-2529	182	11	value	value	NOUN
aiti-2529	182	12	creation	creation	NOUN
aiti-2529	182	13	need	need	VERB
aiti-2529	182	14	to	to	PART
aiti-2529	182	15	substantially	substantially	ADV
aiti-2529	182	16	raise	raise	VERB
aiti-2529	182	17	the	the	DET
aiti-2529	182	18	weight	weight	NOUN
aiti-2529	182	19	of	of	ADP
aiti-2529	182	20	export	export	NOUN
aiti-2529	182	21	in	in	ADP
aiti-2529	182	22	total	total	ADJ
aiti-2529	182	23	revenue	revenue	NOUN
aiti-2529	182	24	.	.	PUNCT
aiti-2529	183	1	comparing	compare	VERB
aiti-2529	183	2	fig	fig	NOUN
aiti-2529	183	3	.	.	PUNCT
aiti-2529	183	4	7	7	NUM
aiti-2529	183	5	and	and	CCONJ
aiti-2529	183	6	fig	fig	NOUN
aiti-2529	183	7	.	.	PUNCT
aiti-2529	184	1	8	8	NUM
aiti-2529	184	2	,	,	PUNCT
aiti-2529	184	3	the	the	DET
aiti-2529	184	4	marginal	marginal	ADJ
aiti-2529	184	5	impact	impact	NOUN
aiti-2529	184	6	of	of	ADP
aiti-2529	184	7	overseas	overseas	ADJ
aiti-2529	184	8	investment	investment	NOUN
aiti-2529	184	9	is	be	AUX
aiti-2529	184	10	also	also	ADV
aiti-2529	184	11	higher	high	ADJ
aiti-2529	184	12	than	than	ADP
aiti-2529	184	13	that	that	PRON
aiti-2529	184	14	of	of	ADP
aiti-2529	184	15	the	the	DET
aiti-2529	184	16	export	export	NOUN
aiti-2529	184	17	,	,	PUNCT
aiti-2529	184	18	implying	imply	VERB
aiti-2529	184	19	an	an	DET
aiti-2529	184	20	asymmetric	asymmetric	ADJ
aiti-2529	184	21	grin	grin	NOUN
aiti-2529	184	22	curve	curve	NOUN
aiti-2529	184	23	and	and	CCONJ
aiti-2529	184	24	substantiating	substantiate	VERB
aiti-2529	184	25	h7	h7	PROPN
aiti-2529	184	26	(	(	PUNCT
aiti-2529	184	27	2.7	2.7	NUM
aiti-2529	184	28	)	)	PUNCT
aiti-2529	184	29	.	.	PUNCT
aiti-2529	185	1	fig	fig	NOUN
aiti-2529	185	2	.	.	PUNCT
aiti-2529	186	1	6	6	NUM
aiti-2529	186	2	marginal	marginal	ADJ
aiti-2529	186	3	impact	impact	NOUN
aiti-2529	186	4	of	of	ADP
aiti-2529	186	5	r&d	r&d	NOUN
aiti-2529	186	6	spending	spending	NOUN
aiti-2529	186	7	fig	fig	NOUN
aiti-2529	186	8	.	.	PUNCT
aiti-2529	187	1	7	7	NUM
aiti-2529	187	2	marginal	marginal	ADJ
aiti-2529	187	3	impact	impact	NOUN
aiti-2529	187	4	of	of	ADP
aiti-2529	187	5	overseas	overseas	ADJ
aiti-2529	187	6	investment	investment	NOUN
aiti-2529	187	7	fig	fig	NOUN
aiti-2529	187	8	.	.	PUNCT
aiti-2529	187	9	8	8	NUM
aiti-2529	187	10	marginal	marginal	ADJ
aiti-2529	187	11	impact	impact	NOUN
aiti-2529	187	12	of	of	ADP
aiti-2529	187	13	export	export	NOUN
aiti-2529	187	14	advances	advance	NOUN
aiti-2529	187	15	in	in	ADP
aiti-2529	187	16	technology	technology	NOUN
aiti-2529	187	17	innovation	innovation	NOUN
aiti-2529	187	18	,	,	PUNCT
aiti-2529	187	19	vol	vol	NOUN
aiti-2529	187	20	.	.	PROPN
aiti-2529	187	21	4	4	NUM
aiti-2529	187	22	,	,	PUNCT
aiti-2529	187	23	no	no	INTJ
aiti-2529	187	24	.	.	NOUN
aiti-2529	187	25	1	1	NUM
aiti-2529	187	26	,	,	PUNCT
aiti-2529	187	27	2019	2019	NUM
aiti-2529	187	28	,	,	PUNCT
aiti-2529	187	29	pp	pp	ADV
aiti-2529	187	30	.	.	PUNCT
aiti-2529	188	1	44	44	NUM
aiti-2529	188	2	57	57	NUM
aiti-2529	188	3	52	52	NUM
aiti-2529	188	4	in	in	ADP
aiti-2529	188	5	terms	term	NOUN
aiti-2529	188	6	of	of	ADP
aiti-2529	188	7	operation	operation	NOUN
aiti-2529	188	8	digitalization	digitalization	NOUN
aiti-2529	188	9	,	,	PUNCT
aiti-2529	188	10	the	the	DET
aiti-2529	188	11	positive	positive	ADJ
aiti-2529	188	12	coefficients	coefficient	NOUN
aiti-2529	188	13	for	for	ADP
aiti-2529	188	14	the	the	DET
aiti-2529	188	15	two	two	NUM
aiti-2529	188	16	dummies	dummy	NOUN
aiti-2529	188	17	,	,	PUNCT
aiti-2529	188	18	ec1	ec1	PROPN
aiti-2529	188	19	and	and	CCONJ
aiti-2529	188	20	ec21	ec21	PROPN
aiti-2529	188	21	,	,	PUNCT
aiti-2529	188	22	suggest	suggest	VERB
aiti-2529	188	23	that	that	SCONJ
aiti-2529	188	24	information	information	NOUN
aiti-2529	188	25	disclosure	disclosure	NOUN
aiti-2529	188	26	and	and	CCONJ
aiti-2529	188	27	purchases	purchase	NOUN
aiti-2529	188	28	on	on	ADP
aiti-2529	188	29	the	the	DET
aiti-2529	188	30	internet	internet	NOUN
aiti-2529	188	31	serve	serve	VERB
aiti-2529	188	32	to	to	PART
aiti-2529	188	33	improve	improve	VERB
aiti-2529	188	34	value	value	NOUN
aiti-2529	188	35	creation	creation	NOUN
aiti-2529	188	36	by	by	ADP
aiti-2529	188	37	significant	significant	ADJ
aiti-2529	188	38	cost	cost	NOUN
aiti-2529	188	39	cut	cut	NOUN
aiti-2529	188	40	.	.	PUNCT
aiti-2529	189	1	however	however	ADV
aiti-2529	189	2	,	,	PUNCT
aiti-2529	189	3	the	the	DET
aiti-2529	189	4	coefficients	coefficient	NOUN
aiti-2529	189	5	for	for	ADP
aiti-2529	189	6	ec22	ec22	PROPN
aiti-2529	189	7	significant	significant	ADJ
aiti-2529	189	8	negative	negative	ADJ
aiti-2529	189	9	and	and	CCONJ
aiti-2529	189	10	the	the	DET
aiti-2529	189	11	coefficient	coefficient	NOUN
aiti-2529	189	12	for	for	ADP
aiti-2529	189	13	ec	ec	PROPN
aiti-2529	189	14	31	31	NUM
aiti-2529	189	15	and	and	CCONJ
aiti-2529	189	16	ec	ec	PROPN
aiti-2529	189	17	32	32	NUM
aiti-2529	189	18	are	be	AUX
aiti-2529	189	19	found	find	VERB
aiti-2529	189	20	insignificant	insignificant	ADJ
aiti-2529	189	21	.	.	PUNCT
aiti-2529	190	1	therefore	therefore	ADV
aiti-2529	190	2	,	,	PUNCT
aiti-2529	190	3	at	at	ADP
aiti-2529	190	4	least	least	ADJ
aiti-2529	190	5	at	at	ADP
aiti-2529	190	6	the	the	DET
aiti-2529	190	7	current	current	ADJ
aiti-2529	190	8	stage	stage	NOUN
aiti-2529	190	9	,	,	PUNCT
aiti-2529	190	10	internet	internet	NOUN
aiti-2529	190	11	activities	activity	NOUN
aiti-2529	190	12	may	may	AUX
aiti-2529	190	13	not	not	PART
aiti-2529	190	14	effectively	effectively	ADV
aiti-2529	190	15	contribute	contribute	VERB
aiti-2529	190	16	to	to	AUX
aiti-2529	190	17	value	value	NOUN
aiti-2529	190	18	creation	creation	NOUN
aiti-2529	190	19	in	in	ADP
aiti-2529	190	20	taiwan	taiwan	PROPN
aiti-2529	190	21	’s	’s	PART
aiti-2529	190	22	businesses	business	NOUN
aiti-2529	190	23	in	in	ADP
aiti-2529	190	24	the	the	DET
aiti-2529	190	25	manufacturing	manufacturing	NOUN
aiti-2529	190	26	sector	sector	NOUN
aiti-2529	190	27	.	.	PUNCT
aiti-2529	191	1	finally	finally	ADV
aiti-2529	191	2	,	,	PUNCT
aiti-2529	191	3	the	the	DET
aiti-2529	191	4	empirical	empirical	ADJ
aiti-2529	191	5	findings	finding	NOUN
aiti-2529	191	6	with	with	ADP
aiti-2529	191	7	respect	respect	NOUN
aiti-2529	191	8	to	to	ADP
aiti-2529	191	9	control	control	NOUN
aiti-2529	191	10	variables	variable	NOUN
aiti-2529	191	11	can	can	AUX
aiti-2529	191	12	be	be	AUX
aiti-2529	191	13	analyzed	analyze	VERB
aiti-2529	191	14	from	from	ADP
aiti-2529	191	15	five	five	NUM
aiti-2529	191	16	aspects	aspect	NOUN
aiti-2529	191	17	.	.	PUNCT
aiti-2529	192	1	first	first	ADV
aiti-2529	192	2	,	,	PUNCT
aiti-2529	192	3	the	the	DET
aiti-2529	192	4	coefficient	coefficient	NOUN
aiti-2529	192	5	for	for	ADP
aiti-2529	192	6	opr	opr	PROPN
aiti-2529	192	7	is	be	AUX
aiti-2529	192	8	significantly	significantly	ADV
aiti-2529	192	9	negative	negative	ADJ
aiti-2529	192	10	,	,	PUNCT
aiti-2529	192	11	implying	imply	VERB
aiti-2529	192	12	that	that	SCONJ
aiti-2529	192	13	whether	whether	SCONJ
aiti-2529	192	14	the	the	DET
aiti-2529	192	15	firm	firm	NOUN
aiti-2529	192	16	’s	’s	PART
aiti-2529	192	17	main	main	ADJ
aiti-2529	192	18	activity	activity	NOUN
aiti-2529	192	19	involves	involve	VERB
aiti-2529	192	20	manufacturing	manufacturing	NOUN
aiti-2529	192	21	or	or	CCONJ
aiti-2529	192	22	not	not	PART
aiti-2529	192	23	can	can	AUX
aiti-2529	192	24	not	not	PART
aiti-2529	192	25	effectively	effectively	ADV
aiti-2529	192	26	increase	increase	VERB
aiti-2529	192	27	the	the	DET
aiti-2529	192	28	level	level	NOUN
aiti-2529	192	29	of	of	ADP
aiti-2529	192	30	value	value	NOUN
aiti-2529	192	31	creation	creation	NOUN
aiti-2529	192	32	.	.	PUNCT
aiti-2529	193	1	second	second	ADJ
aiti-2529	193	2	,	,	PUNCT
aiti-2529	193	3	the	the	DET
aiti-2529	193	4	positive	positive	ADJ
aiti-2529	193	5	sign	sign	NOUN
aiti-2529	193	6	for	for	ADP
aiti-2529	193	7	the	the	DET
aiti-2529	193	8	firm	firm	NOUN
aiti-2529	193	9	’s	’s	PART
aiti-2529	193	10	size	size	NOUN
aiti-2529	193	11	(	(	PUNCT
aiti-2529	193	12	lsize	lsize	PROPN
aiti-2529	193	13	)	)	PUNCT
aiti-2529	193	14	confirms	confirm	VERB
aiti-2529	193	15	that	that	SCONJ
aiti-2529	193	16	value	value	NOUN
aiti-2529	193	17	creation	creation	NOUN
aiti-2529	193	18	rises	rise	VERB
aiti-2529	193	19	with	with	ADP
aiti-2529	193	20	corporate	corporate	ADJ
aiti-2529	193	21	expansion	expansion	NOUN
aiti-2529	193	22	.	.	PUNCT
aiti-2529	194	1	third	third	ADJ
aiti-2529	194	2	,	,	PUNCT
aiti-2529	194	3	the	the	DET
aiti-2529	194	4	capital	capital	NOUN
aiti-2529	194	5	-	-	PUNCT
aiti-2529	194	6	to	to	ADP
aiti-2529	194	7	-	-	PUNCT
aiti-2529	194	8	labor	labor	NOUN
aiti-2529	194	9	ratio	ratio	NOUN
aiti-2529	194	10	(	(	PUNCT
aiti-2529	194	11	klr	klr	PROPN
aiti-2529	194	12	)	)	PUNCT
aiti-2529	194	13	exerts	exert	VERB
aiti-2529	194	14	a	a	DET
aiti-2529	194	15	u	u	NOUN
aiti-2529	194	16	-	-	ADJ
aiti-2529	194	17	shaped	shape	VERB
aiti-2529	194	18	impact	impact	NOUN
aiti-2529	194	19	on	on	ADP
aiti-2529	194	20	value	value	NOUN
aiti-2529	194	21	creation	creation	NOUN
aiti-2529	194	22	.	.	PUNCT
aiti-2529	195	1	capital	capital	NOUN
aiti-2529	195	2	intensity	intensity	NOUN
aiti-2529	195	3	hence	hence	ADV
aiti-2529	195	4	plays	play	VERB
aiti-2529	195	5	an	an	DET
aiti-2529	195	6	important	important	ADJ
aiti-2529	195	7	role	role	NOUN
aiti-2529	195	8	in	in	ADP
aiti-2529	195	9	the	the	DET
aiti-2529	195	10	firm	firm	NOUN
aiti-2529	195	11	’s	’s	PART
aiti-2529	195	12	value	value	NOUN
aiti-2529	195	13	added	add	VERB
aiti-2529	195	14	.	.	PUNCT
aiti-2529	196	1	four	four	NUM
aiti-2529	196	2	,	,	PUNCT
aiti-2529	196	3	as	as	SCONJ
aiti-2529	196	4	regards	regard	VERB
aiti-2529	196	5	the	the	DET
aiti-2529	196	6	dummies	dummy	NOUN
aiti-2529	196	7	for	for	ADP
aiti-2529	196	8	the	the	DET
aiti-2529	196	9	various	various	ADJ
aiti-2529	196	10	classes	class	NOUN
aiti-2529	196	11	in	in	ADP
aiti-2529	196	12	taiwan	taiwan	PROPN
aiti-2529	196	13	’s	’s	PART
aiti-2529	196	14	manufacturing	manufacturing	NOUN
aiti-2529	196	15	industry	industry	NOUN
aiti-2529	197	1	,	,	PUNCT
aiti-2529	197	2	the	the	DET
aiti-2529	197	3	value	value	NOUN
aiti-2529	197	4	added	add	VERB
aiti-2529	197	5	appears	appear	VERB
aiti-2529	197	6	higher	high	ADJ
aiti-2529	197	7	among	among	ADP
aiti-2529	197	8	indb～indi	indb～indi	NOUN
aiti-2529	197	9	as	as	SCONJ
aiti-2529	197	10	we	we	PRON
aiti-2529	197	11	adopt	adopt	VERB
aiti-2529	197	12	food	food	NOUN
aiti-2529	197	13	and	and	CCONJ
aiti-2529	197	14	drink	drink	NOUN
aiti-2529	197	15	(	(	PUNCT
aiti-2529	197	16	inda	inda	PROPN
aiti-2529	197	17	)	)	PUNCT
aiti-2529	197	18	as	as	ADP
aiti-2529	197	19	the	the	DET
aiti-2529	197	20	benchmark	benchmark	NOUN
aiti-2529	197	21	industry	industry	NOUN
aiti-2529	197	22	class	class	NOUN
aiti-2529	197	23	for	for	ADP
aiti-2529	197	24	comparison	comparison	NOUN
aiti-2529	197	25	.	.	PUNCT
aiti-2529	198	1	fig	fig	NOUN
aiti-2529	198	2	.	.	PUNCT
aiti-2529	199	1	9	9	NUM
aiti-2529	199	2	integrates	integrate	NOUN
aiti-2529	199	3	previous	previous	ADJ
aiti-2529	199	4	findings	finding	NOUN
aiti-2529	199	5	and	and	CCONJ
aiti-2529	199	6	analysis	analysis	NOUN
aiti-2529	199	7	illustrated	illustrate	VERB
aiti-2529	199	8	by	by	ADP
aiti-2529	199	9	fig	fig	NOUN
aiti-2529	199	10	.	.	PUNCT
aiti-2529	199	11	5	5	NUM
aiti-2529	199	12	to	to	PART
aiti-2529	199	13	fig	fig	VERB
aiti-2529	199	14	.	.	PUNCT
aiti-2529	199	15	8	8	NUM
aiti-2529	199	16	and	and	CCONJ
aiti-2529	199	17	presents	present	VERB
aiti-2529	199	18	an	an	DET
aiti-2529	199	19	overall	overall	ADJ
aiti-2529	199	20	grin	grin	NOUN
aiti-2529	199	21	curve	curve	NOUN
aiti-2529	199	22	for	for	ADP
aiti-2529	199	23	taiwan	taiwan	PROPN
aiti-2529	199	24	’s	’s	PART
aiti-2529	199	25	manufacturing	manufacturing	NOUN
aiti-2529	199	26	industry	industry	NOUN
aiti-2529	199	27	.	.	PUNCT
aiti-2529	200	1	figure	figure	NOUN
aiti-2529	200	2	9	9	NUM
aiti-2529	200	3	suggests	suggest	VERB
aiti-2529	200	4	that	that	SCONJ
aiti-2529	200	5	the	the	DET
aiti-2529	200	6	grin	grin	NOUN
aiti-2529	200	7	curve	curve	NOUN
aiti-2529	200	8	shifts	shift	NOUN
aiti-2529	200	9	down	down	ADV
aiti-2529	200	10	as	as	SCONJ
aiti-2529	200	11	the	the	DET
aiti-2529	200	12	firm	firm	NOUN
aiti-2529	200	13	’s	’s	PART
aiti-2529	200	14	operating	operating	NOUN
aiti-2529	200	15	years	year	NOUN
aiti-2529	200	16	are	be	AUX
aiti-2529	200	17	less	less	ADJ
aiti-2529	200	18	than	than	ADP
aiti-2529	200	19	15	15	NUM
aiti-2529	200	20	years	year	NOUN
aiti-2529	200	21	.	.	PUNCT
aiti-2529	201	1	only	only	ADV
aiti-2529	201	2	as	as	SCONJ
aiti-2529	201	3	the	the	DET
aiti-2529	201	4	firm	firm	NOUN
aiti-2529	201	5	’s	’s	PART
aiti-2529	201	6	life	life	NOUN
aiti-2529	201	7	cycle	cycle	NOUN
aiti-2529	201	8	exceeds	exceed	VERB
aiti-2529	201	9	15	15	NUM
aiti-2529	201	10	years	year	NOUN
aiti-2529	201	11	will	will	AUX
aiti-2529	201	12	value	value	VERB
aiti-2529	201	13	creation	creation	NOUN
aiti-2529	201	14	be	be	AUX
aiti-2529	201	15	raised	raise	VERB
aiti-2529	201	16	.	.	PUNCT
aiti-2529	202	1	fig	fig	NOUN
aiti-2529	202	2	.	.	PUNCT
aiti-2529	203	1	9	9	NUM
aiti-2529	203	2	asymmetric	asymmetric	ADJ
aiti-2529	203	3	grin	grin	NOUN
aiti-2529	203	4	curve	curve	NOUN
aiti-2529	203	5	moreover	moreover	ADV
aiti-2529	203	6	,	,	PUNCT
aiti-2529	203	7	the	the	DET
aiti-2529	203	8	marginal	marginal	ADJ
aiti-2529	203	9	impact	impact	NOUN
aiti-2529	203	10	of	of	ADP
aiti-2529	203	11	r&d	r&d	NOUN
aiti-2529	203	12	on	on	ADP
aiti-2529	203	13	value	value	NOUN
aiti-2529	203	14	creation	creation	NOUN
aiti-2529	203	15	is	be	AUX
aiti-2529	203	16	higher	high	ADJ
aiti-2529	203	17	than	than	ADP
aiti-2529	203	18	that	that	PRON
aiti-2529	203	19	of	of	ADP
aiti-2529	203	20	the	the	DET
aiti-2529	203	21	brand	brand	NOUN
aiti-2529	203	22	,	,	PUNCT
aiti-2529	203	23	leading	lead	VERB
aiti-2529	203	24	to	to	ADP
aiti-2529	203	25	an	an	DET
aiti-2529	203	26	asymmetric	asymmetric	ADJ
aiti-2529	203	27	grin	grin	NOUN
aiti-2529	203	28	curve	curve	NOUN
aiti-2529	203	29	where	where	SCONJ
aiti-2529	203	30	the	the	DET
aiti-2529	203	31	left	leave	VERB
aiti-2529	203	32	-	-	PUNCT
aiti-2529	203	33	side	side	NOUN
aiti-2529	203	34	peak	peak	NOUN
aiti-2529	203	35	is	be	AUX
aiti-2529	203	36	higher	high	ADJ
aiti-2529	203	37	than	than	ADP
aiti-2529	203	38	the	the	DET
aiti-2529	203	39	right	right	ADJ
aiti-2529	203	40	-	-	PUNCT
aiti-2529	203	41	side	side	NOUN
aiti-2529	203	42	peak	peak	NOUN
aiti-2529	203	43	.	.	PUNCT
aiti-2529	204	1	the	the	DET
aiti-2529	204	2	marginal	marginal	ADJ
aiti-2529	204	3	impact	impact	NOUN
aiti-2529	204	4	of	of	ADP
aiti-2529	204	5	overseas	overseas	ADJ
aiti-2529	204	6	investment	investment	NOUN
aiti-2529	204	7	is	be	AUX
aiti-2529	204	8	greater	great	ADJ
aiti-2529	204	9	than	than	ADP
aiti-2529	204	10	that	that	PRON
aiti-2529	204	11	of	of	ADP
aiti-2529	204	12	exports	export	NOUN
aiti-2529	204	13	,	,	PUNCT
aiti-2529	204	14	too	too	ADV
aiti-2529	204	15	.	.	PUNCT
aiti-2529	205	1	overall	overall	ADV
aiti-2529	205	2	,	,	PUNCT
aiti-2529	205	3	the	the	DET
aiti-2529	205	4	seven	seven	NUM
aiti-2529	205	5	hypotheses	hypothesis	NOUN
aiti-2529	205	6	stated	state	VERB
aiti-2529	205	7	in	in	ADP
aiti-2529	205	8	(	(	PUNCT
aiti-2529	205	9	2.1	2.1	NUM
aiti-2529	205	10	)	)	PUNCT
aiti-2529	205	11	to	to	ADP
aiti-2529	205	12	(	(	PUNCT
aiti-2529	205	13	2.7	2.7	NUM
aiti-2529	205	14	)	)	PUNCT
aiti-2529	205	15	are	be	AUX
aiti-2529	205	16	in	in	ADP
aiti-2529	205	17	line	line	NOUN
aiti-2529	205	18	with	with	ADP
aiti-2529	205	19	fig	fig	NOUN
aiti-2529	205	20	.	.	PUNCT
aiti-2529	206	1	9	9	NUM
aiti-2529	206	2	,	,	PUNCT
aiti-2529	206	3	which	which	PRON
aiti-2529	206	4	highlights	highlight	VERB
aiti-2529	206	5	graphic	graphic	ADJ
aiti-2529	206	6	asymmetry	asymmetry	NOUN
aiti-2529	206	7	in	in	ADP
aiti-2529	206	8	the	the	DET
aiti-2529	206	9	grin	grin	NOUN
aiti-2529	206	10	curve	curve	NOUN
aiti-2529	206	11	for	for	ADP
aiti-2529	206	12	taiwan	taiwan	PROPN
aiti-2529	206	13	’s	’s	PART
aiti-2529	206	14	manufacturers	manufacturer	NOUN
aiti-2529	206	15	.	.	PUNCT
aiti-2529	207	1	4.3	4.3	NUM
aiti-2529	207	2	.	.	PUNCT
aiti-2529	207	3	robustness	robustness	NOUN
aiti-2529	207	4	check	check	NOUN
aiti-2529	207	5	to	to	PART
aiti-2529	207	6	check	check	VERB
aiti-2529	207	7	the	the	DET
aiti-2529	207	8	robustness	robustness	NOUN
aiti-2529	207	9	of	of	ADP
aiti-2529	207	10	the	the	DET
aiti-2529	207	11	previous	previous	ADJ
aiti-2529	207	12	analysis	analysis	NOUN
aiti-2529	207	13	,	,	PUNCT
aiti-2529	207	14	we	we	PRON
aiti-2529	207	15	conduct	conduct	VERB
aiti-2529	207	16	three	three	NUM
aiti-2529	207	17	additional	additional	ADJ
aiti-2529	207	18	tests	test	NOUN
aiti-2529	207	19	.	.	PUNCT
aiti-2529	208	1	table	table	NOUN
aiti-2529	208	2	4	4	NUM
aiti-2529	208	3	summarizes	summarize	NOUN
aiti-2529	208	4	results	result	NOUN
aiti-2529	208	5	of	of	ADP
aiti-2529	208	6	testing	test	VERB
aiti-2529	208	7	the	the	DET
aiti-2529	208	8	differences	difference	NOUN
aiti-2529	208	9	in	in	ADP
aiti-2529	208	10	means	mean	NOUN
aiti-2529	208	11	for	for	ADP
aiti-2529	208	12	major	major	ADJ
aiti-2529	208	13	variables	variable	NOUN
aiti-2529	208	14	between	between	ADP
aiti-2529	208	15	new	new	ADJ
aiti-2529	208	16	venture	venture	NOUN
aiti-2529	208	17	and	and	CCONJ
aiti-2529	208	18	survivors	survivor	NOUN
aiti-2529	208	19	on	on	ADP
aiti-2529	208	20	the	the	DET
aiti-2529	208	21	basis	basis	NOUN
aiti-2529	208	22	of	of	ADP
aiti-2529	208	23	two	two	NUM
aiti-2529	208	24	definitions	definition	NOUN
aiti-2529	208	25	for	for	ADP
aiti-2529	208	26	new	new	ADJ
aiti-2529	208	27	ventures	venture	NOUN
aiti-2529	208	28	:	:	PUNCT
aiti-2529	208	29	defined	define	VERB
aiti-2529	208	30	by	by	ADP
aiti-2529	208	31	12	12	NUM
aiti-2529	208	32	years	year	NOUN
aiti-2529	208	33	against	against	ADP
aiti-2529	208	34	definition	definition	NOUN
aiti-2529	208	35	by	by	ADP
aiti-2529	208	36	15	15	NUM
aiti-2529	208	37	years	year	NOUN
aiti-2529	208	38	.	.	PUNCT
aiti-2529	209	1	overall	overall	ADV
aiti-2529	209	2	,	,	PUNCT
aiti-2529	209	3	all	all	DET
aiti-2529	209	4	variables	variable	NOUN
aiti-2529	209	5	except	except	SCONJ
aiti-2529	209	6	for	for	ADP
aiti-2529	209	7	ec31	ec31	PROPN
aiti-2529	209	8	,	,	PUNCT
aiti-2529	209	9	ec32	ec32	PROPN
aiti-2529	209	10	,	,	PUNCT
aiti-2529	209	11	indf	indf	ADJ
aiti-2529	209	12	,	,	PUNCT
aiti-2529	209	13	and	and	CCONJ
aiti-2529	209	14	indi	indi	PROPN
aiti-2529	209	15	exhibit	exhibit	VERB
aiti-2529	209	16	significant	significant	ADJ
aiti-2529	209	17	differences	difference	NOUN
aiti-2529	209	18	between	between	ADP
aiti-2529	209	19	new	new	ADJ
aiti-2529	209	20	ventures	venture	NOUN
aiti-2529	209	21	and	and	CCONJ
aiti-2529	209	22	survivors	survivor	NOUN
aiti-2529	209	23	regardless	regardless	ADV
aiti-2529	209	24	of	of	ADP
aiti-2529	209	25	the	the	DET
aiti-2529	209	26	definition	definition	NOUN
aiti-2529	209	27	for	for	ADP
aiti-2529	209	28	new	new	ADJ
aiti-2529	209	29	ventures	venture	NOUN
aiti-2529	209	30	adopted	adopt	VERB
aiti-2529	209	31	,	,	PUNCT
aiti-2529	209	32	substantiating	substantiate	VERB
aiti-2529	209	33	robustness	robustness	NOUN
aiti-2529	209	34	of	of	ADP
aiti-2529	209	35	our	our	PRON
aiti-2529	209	36	analysis	analysis	NOUN
aiti-2529	209	37	framework	framework	NOUN
aiti-2529	209	38	and	and	CCONJ
aiti-2529	209	39	results	result	NOUN
aiti-2529	209	40	.	.	PUNCT
aiti-2529	210	1	table	table	NOUN
aiti-2529	210	2	5	5	NUM
aiti-2529	210	3	compares	compare	NOUN
aiti-2529	210	4	coefficients	coefficient	NOUN
aiti-2529	210	5	respectively	respectively	ADV
aiti-2529	210	6	estimated	estimate	VERB
aiti-2529	210	7	with	with	ADP
aiti-2529	210	8	linear	linear	ADJ
aiti-2529	210	9	,	,	PUNCT
aiti-2529	210	10	quadratic	quadratic	ADJ
aiti-2529	210	11	,	,	PUNCT
aiti-2529	210	12	and	and	CCONJ
aiti-2529	210	13	cubic	cubic	ADJ
aiti-2529	210	14	forms	form	NOUN
aiti-2529	210	15	for	for	ADP
aiti-2529	210	16	selected	select	VERB
aiti-2529	210	17	variables	variable	NOUN
aiti-2529	210	18	for	for	ADP
aiti-2529	210	19	regression	regression	NOUN
aiti-2529	210	20	of	of	ADP
aiti-2529	210	21	lva	lva	PROPN
aiti-2529	210	22	.	.	PUNCT
aiti-2529	211	1	the	the	DET
aiti-2529	211	2	estimation	estimation	NOUN
aiti-2529	211	3	results	result	NOUN
aiti-2529	211	4	appear	appear	VERB
aiti-2529	211	5	consistent	consistent	ADJ
aiti-2529	211	6	across	across	ADP
aiti-2529	211	7	the	the	DET
aiti-2529	211	8	three	three	NUM
aiti-2529	211	9	regression	regression	NOUN
aiti-2529	211	10	models	model	NOUN
aiti-2529	211	11	,	,	PUNCT
aiti-2529	211	12	further	far	ADV
aiti-2529	211	13	confirming	confirm	VERB
aiti-2529	211	14	the	the	DET
aiti-2529	211	15	advances	advance	NOUN
aiti-2529	211	16	in	in	ADP
aiti-2529	211	17	technology	technology	NOUN
aiti-2529	211	18	innovation	innovation	NOUN
aiti-2529	211	19	,	,	PUNCT
aiti-2529	211	20	vol	vol	NOUN
aiti-2529	211	21	.	.	PROPN
aiti-2529	211	22	4	4	NUM
aiti-2529	211	23	,	,	PUNCT
aiti-2529	211	24	no	no	INTJ
aiti-2529	211	25	.	.	NOUN
aiti-2529	211	26	1	1	NUM
aiti-2529	211	27	,	,	PUNCT
aiti-2529	211	28	2019	2019	NUM
aiti-2529	211	29	,	,	PUNCT
aiti-2529	211	30	pp	pp	ADV
aiti-2529	211	31	.	.	PUNCT
aiti-2529	212	1	44	44	NUM
aiti-2529	212	2	57	57	NUM
aiti-2529	212	3	53	53	NUM
aiti-2529	212	4	robustness	robustness	NOUN
aiti-2529	212	5	of	of	ADP
aiti-2529	212	6	our	our	PRON
aiti-2529	212	7	model	model	NOUN
aiti-2529	212	8	specification	specification	NOUN
aiti-2529	212	9	.	.	PUNCT
aiti-2529	213	1	more	more	ADV
aiti-2529	213	2	specifically	specifically	ADV
aiti-2529	213	3	,	,	PUNCT
aiti-2529	213	4	the	the	DET
aiti-2529	213	5	adjusted	adjust	VERB
aiti-2529	213	6	r2	r2	NOUN
aiti-2529	213	7	remains	remain	VERB
aiti-2529	213	8	around	around	ADP
aiti-2529	213	9	a	a	DET
aiti-2529	213	10	similar	similar	ADJ
aiti-2529	213	11	level	level	NOUN
aiti-2529	213	12	across	across	ADP
aiti-2529	213	13	the	the	DET
aiti-2529	213	14	three	three	NUM
aiti-2529	213	15	models	model	NOUN
aiti-2529	213	16	,	,	PUNCT
aiti-2529	213	17	implying	imply	VERB
aiti-2529	213	18	that	that	SCONJ
aiti-2529	213	19	the	the	DET
aiti-2529	213	20	respectively	respectively	ADJ
aiti-2529	213	21	effect	effect	NOUN
aiti-2529	213	22	of	of	ADP
aiti-2529	213	23	key	key	ADJ
aiti-2529	213	24	variables	variable	NOUN
aiti-2529	213	25	included	include	VERB
aiti-2529	213	26	in	in	ADP
aiti-2529	213	27	table	table	NOUN
aiti-2529	213	28	3	3	NUM
aiti-2529	213	29	on	on	ADP
aiti-2529	213	30	value	value	NOUN
aiti-2529	213	31	creation	creation	NOUN
aiti-2529	213	32	(	(	PUNCT
aiti-2529	213	33	lva	lva	PROPN
aiti-2529	213	34	)	)	PUNCT
aiti-2529	213	35	all	all	PRON
aiti-2529	213	36	holds	hold	VERB
aiti-2529	213	37	regardless	regardless	ADV
aiti-2529	213	38	of	of	ADP
aiti-2529	213	39	the	the	DET
aiti-2529	213	40	functional	functional	ADJ
aiti-2529	213	41	form	form	NOUN
aiti-2529	213	42	adopted	adopt	VERB
aiti-2529	213	43	.	.	PUNCT
aiti-2529	214	1	for	for	ADP
aiti-2529	214	2	variables	variable	NOUN
aiti-2529	214	3	such	such	ADJ
aiti-2529	214	4	as	as	ADP
aiti-2529	214	5	age	age	NOUN
aiti-2529	214	6	,	,	PUNCT
aiti-2529	214	7	br	br	PROPN
aiti-2529	214	8	,	,	PUNCT
aiti-2529	214	9	rd	rd	PROPN
aiti-2529	214	10	,	,	PUNCT
aiti-2529	214	11	fi	fi	NOUN
aiti-2529	214	12	,	,	PUNCT
aiti-2529	214	13	and	and	CCONJ
aiti-2529	214	14	ex	ex	NOUN
aiti-2529	214	15	,	,	PUNCT
aiti-2529	214	16	the	the	DET
aiti-2529	214	17	impact	impact	NOUN
aiti-2529	214	18	on	on	ADP
aiti-2529	214	19	lva	lva	PROPN
aiti-2529	214	20	is	be	AUX
aiti-2529	214	21	consistently	consistently	ADV
aiti-2529	214	22	significant	significant	ADJ
aiti-2529	214	23	.	.	PUNCT
aiti-2529	215	1	in	in	ADP
aiti-2529	215	2	contract	contract	NOUN
aiti-2529	215	3	,	,	PUNCT
aiti-2529	215	4	the	the	DET
aiti-2529	215	5	role	role	NOUN
aiti-2529	215	6	for	for	ADP
aiti-2529	215	7	dummies	dummy	NOUN
aiti-2529	215	8	such	such	ADJ
aiti-2529	215	9	as	as	ADP
aiti-2529	215	10	e31	e31	PROPN
aiti-2529	215	11	and	and	CCONJ
aiti-2529	215	12	e32	e32	PROPN
aiti-2529	215	13	keeps	keep	VERB
aiti-2529	215	14	absent	absent	ADJ
aiti-2529	215	15	.	.	PUNCT
aiti-2529	216	1	table	table	NOUN
aiti-2529	216	2	4	4	NUM
aiti-2529	216	3	differences	difference	NOUN
aiti-2529	216	4	in	in	ADP
aiti-2529	216	5	means	mean	NOUN
aiti-2529	216	6	between	between	ADP
aiti-2529	216	7	new	new	ADJ
aiti-2529	216	8	ventures	venture	NOUN
aiti-2529	216	9	and	and	CCONJ
aiti-2529	216	10	survivors	survivor	VERB
aiti-2529	216	11	new	new	ADJ
aiti-2529	216	12	venture	venture	NOUN
aiti-2529	216	13	defined	define	VERB
aiti-2529	216	14	by	by	ADP
aiti-2529	216	15	12	12	NUM
aiti-2529	216	16	years	year	NOUN
aiti-2529	216	17	new	new	ADJ
aiti-2529	216	18	venture	venture	NOUN
aiti-2529	216	19	defined	define	VERB
aiti-2529	216	20	by	by	ADP
aiti-2529	216	21	15	15	NUM
aiti-2529	216	22	years	year	NOUN
aiti-2529	216	23	variable	variable	ADJ
aiti-2529	216	24	age≤12	age≤12	NOUN
aiti-2529	216	25	age≥12	age≥12	ADV
aiti-2529	216	26	age≤15	age≤15	ADV
aiti-2529	216	27	age≥15	age≥15	PUNCT
aiti-2529	216	28	lva	lva	PROPN
aiti-2529	216	29	8.3191	8.3191	NUM
aiti-2529	216	30	8.6497	8.6497	NUM
aiti-2529	216	31	8.3599	8.3599	NUM
aiti-2529	216	32	8.6698	8.6698	NUM
aiti-2529	216	33	(	(	PUNCT
aiti-2529	216	34	1443.683	1443.683	NUM
aiti-2529	216	35	*	*	NOUN
aiti-2529	216	36	*	*	PUNCT
aiti-2529	216	37	*	*	PUNCT
aiti-2529	216	38	)	)	PUNCT
aiti-2529	216	39	(	(	PUNCT
aiti-2529	216	40	1397.573	1397.573	NUM
aiti-2529	216	41	*	*	NOUN
aiti-2529	216	42	*	*	NOUN
aiti-2529	216	43	*	*	NOUN
aiti-2529	216	44	)	)	PUNCT
aiti-2529	216	45	age	age	NOUN
aiti-2529	216	46	6.3419	6.3419	NUM
aiti-2529	216	47	23.0156	23.0156	NUM
aiti-2529	216	48	7.7371	7.7371	NUM
aiti-2529	216	49	24.5002	24.5002	NUM
aiti-2529	216	50	(	(	PUNCT
aiti-2529	216	51	134293.5	134293.5	NUM
aiti-2529	216	52	*	*	PUNCT
aiti-2529	216	53	*	*	PUNCT
aiti-2529	216	54	*	*	PUNCT
aiti-2529	216	55	)	)	PUNCT
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aiti-2529	221	5	(	(	PUNCT
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aiti-2529	222	12	*	*	PUNCT
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aiti-2529	222	21	(	(	PUNCT
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aiti-2529	222	24	*	*	PUNCT
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aiti-2529	222	30	*	*	PUNCT
aiti-2529	222	31	*	*	ADJ
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aiti-2529	222	38	(	(	PUNCT
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aiti-2529	224	17	)	)	PUNCT
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aiti-2529	226	23	)	)	PUNCT
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aiti-2529	226	32	*	*	PUNCT
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aiti-2529	226	118	)	)	PUNCT
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aiti-2529	228	21	(	(	PUNCT
aiti-2529	228	22	30.7220	30.7220	NOUN
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aiti-2529	228	24	*	*	PUNCT
aiti-2529	228	25	*	*	NOUN
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aiti-2529	229	5	,	,	PUNCT
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aiti-2529	230	7	2019	2019	NUM
aiti-2529	230	8	,	,	PUNCT
aiti-2529	231	1	pp	pp	ADV
aiti-2529	231	2	.	.	PUNCT
aiti-2529	232	1	44	44	NUM
aiti-2529	232	2	57	57	NUM
aiti-2529	232	3	54	54	NUM
aiti-2529	232	4	table	table	NOUN
aiti-2529	232	5	5	5	NUM
aiti-2529	232	6	robustness	robustness	NOUN
aiti-2529	232	7	test	test	NOUN
aiti-2529	232	8	by	by	ADP
aiti-2529	232	9	function	function	NOUN
aiti-2529	232	10	form	form	NOUN
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aiti-2529	232	12	quadratic	quadratic	ADJ
aiti-2529	232	13	cubic	cubic	ADJ
aiti-2529	232	14	variable	variable	PROPN
aiti-2529	232	15	lva	lva	PROPN
aiti-2529	232	16	lva	lva	PROPN
aiti-2529	232	17	lva	lva	PROPN
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aiti-2529	232	22	*	*	PUNCT
aiti-2529	232	23	(	(	PUNCT
aiti-2529	232	24	53.0204	53.0204	NUM
aiti-2529	232	25	)	)	PUNCT
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aiti-2529	232	27	*	*	PUNCT
aiti-2529	232	28	*	*	PUNCT
aiti-2529	232	29	*	*	PUNCT
aiti-2529	232	30	(	(	PUNCT
aiti-2529	232	31	104.3353	104.3353	NUM
aiti-2529	232	32	)	)	PUNCT
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aiti-2529	232	34	*	*	PUNCT
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aiti-2529	232	39	)	)	PUNCT
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aiti-2529	233	31	)	)	PUNCT
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aiti-2529	243	10	-0.2124	-0.2124	NOUN
aiti-2529	243	11	)	)	PUNCT
aiti-2529	244	1	ec32	ec32	PROPN
aiti-2529	244	2	3	3	NUM
aiti-2529	244	3	na	na	NOUN
aiti-2529	244	4	na	na	ADP
aiti-2529	244	5	2.38e-07	2.38e-07	NUM
aiti-2529	244	6	(	(	PUNCT
aiti-2529	244	7	0.4314	0.4314	NUM
aiti-2529	244	8	)	)	PUNCT
aiti-2529	244	9	opr	opr	NOUN
aiti-2529	245	1	-0.0362	-0.0362	PROPN
aiti-2529	245	2	*	*	PUNCT
aiti-2529	245	3	*	*	PUNCT
aiti-2529	245	4	*	*	PUNCT
aiti-2529	245	5	(	(	PUNCT
aiti-2529	245	6	-0.0588	-0.0588	NOUN
aiti-2529	245	7	)	)	PUNCT
aiti-2529	245	8	-0.0441	-0.0441	NOUN
aiti-2529	246	1	*	*	PUNCT
aiti-2529	246	2	*	*	PUNCT
aiti-2529	246	3	*	*	PUNCT
aiti-2529	246	4	(	(	PUNCT
aiti-2529	246	5	1.0724	1.0724	NUM
aiti-2529	246	6	)	)	PUNCT
aiti-2529	246	7	-0.0438	-0.0438	NOUN
aiti-2529	247	1	*	*	PUNCT
aiti-2529	247	2	*	*	PUNCT
aiti-2529	247	3	*	*	PUNCT
aiti-2529	247	4	(	(	PUNCT
aiti-2529	247	5	-6.5869	-6.5869	NOUN
aiti-2529	247	6	)	)	PUNCT
aiti-2529	247	7	klr	klr	ADJ
aiti-2529	247	8	-0.0497	-0.0497	NOUN
aiti-2529	247	9	*	*	PUNCT
aiti-2529	248	1	*	*	PUNCT
aiti-2529	248	2	*	*	PUNCT
aiti-2529	248	3	(	(	PUNCT
aiti-2529	248	4	-3.4393	-3.4393	PROPN
aiti-2529	248	5	)	)	PUNCT
aiti-2529	248	6	-0.0942	-0.0942	VERB
aiti-2529	249	1	*	*	PUNCT
aiti-2529	250	1	*	*	PUNCT
aiti-2529	250	2	*	*	PUNCT
aiti-2529	250	3	(	(	PUNCT
aiti-2529	250	4	4.8555	4.8555	NUM
aiti-2529	250	5	)	)	PUNCT
aiti-2529	250	6	-0.1414	-0.1414	NOUN
aiti-2529	250	7	*	*	PUNCT
aiti-2529	251	1	*	*	PUNCT
aiti-2529	251	2	*	*	PUNCT
aiti-2529	251	3	(	(	PUNCT
aiti-2529	251	4	-21.8759	-21.8759	PUNCT
aiti-2529	251	5	)	)	PUNCT
aiti-2529	251	6	klr	klr	NOUN
aiti-2529	251	7	2	2	NUM
aiti-2529	251	8	na	na	ADP
aiti-2529	251	9	0.0002	0.0002	NUM
aiti-2529	251	10	*	*	PUNCT
aiti-2529	251	11	*	*	PUNCT
aiti-2529	251	12	*	*	PUNCT
aiti-2529	251	13	(	(	PUNCT
aiti-2529	251	14	1.4425	1.4425	NUM
aiti-2529	251	15	)	)	PUNCT
aiti-2529	251	16	0.0009	0.0009	NUM
aiti-2529	251	17	*	*	PUNCT
aiti-2529	251	18	*	*	PUNCT
aiti-2529	251	19	*	*	PUNCT
aiti-2529	251	20	(	(	PUNCT
aiti-2529	251	21	6.3332	6.3332	NUM
aiti-2529	251	22	)	)	PUNCT
aiti-2529	251	23	klr	klr	NOUN
aiti-2529	251	24	3	3	NUM
aiti-2529	251	25	na	na	NOUN
aiti-2529	251	26	na	na	ADP
aiti-2529	251	27	-1.13e-06	-1.13e-06	NOUN
aiti-2529	251	28	*	*	PUNCT
aiti-2529	251	29	*	*	PUNCT
aiti-2529	251	30	*	*	PUNCT
aiti-2529	251	31	(	(	PUNCT
aiti-2529	251	32	-5.2410	-5.2410	ADJ
aiti-2529	251	33	)	)	PUNCT
aiti-2529	251	34	lsize	lsize	VERB
aiti-2529	251	35	0.5423	0.5423	NUM
aiti-2529	251	36	*	*	PUNCT
aiti-2529	251	37	*	*	PUNCT
aiti-2529	251	38	*	*	PUNCT
aiti-2529	251	39	(	(	PUNCT
aiti-2529	251	40	52.5408	52.5408	NUM
aiti-2529	251	41	)	)	PUNCT
aiti-2529	251	42	0.5627	0.5627	NUM
aiti-2529	252	1	*	*	PUNCT
aiti-2529	252	2	*	*	PUNCT
aiti-2529	252	3	*	*	PUNCT
aiti-2529	252	4	(	(	PUNCT
aiti-2529	252	5	5.6422	5.6422	NUM
aiti-2529	252	6	)	)	PUNCT
aiti-2529	252	7	0.5823	0.5823	NUM
aiti-2529	252	8	*	*	PUNCT
aiti-2529	252	9	*	*	PUNCT
aiti-2529	252	10	*	*	PUNCT
aiti-2529	252	11	(	(	PUNCT
aiti-2529	252	12	161.4039	161.4039	NUM
aiti-2529	252	13	)	)	PUNCT
aiti-2529	252	14	advances	advance	NOUN
aiti-2529	252	15	in	in	ADP
aiti-2529	252	16	technology	technology	NOUN
aiti-2529	252	17	innovation	innovation	NOUN
aiti-2529	252	18	,	,	PUNCT
aiti-2529	252	19	vol	vol	NOUN
aiti-2529	252	20	.	.	PROPN
aiti-2529	253	1	4	4	NUM
aiti-2529	253	2	,	,	PUNCT
aiti-2529	253	3	no	no	INTJ
aiti-2529	253	4	.	.	NOUN
aiti-2529	253	5	1	1	NUM
aiti-2529	253	6	,	,	PUNCT
aiti-2529	253	7	2019	2019	NUM
aiti-2529	253	8	,	,	PUNCT
aiti-2529	254	1	pp	pp	ADV
aiti-2529	254	2	.	.	PUNCT
aiti-2529	255	1	44	44	NUM
aiti-2529	255	2	57	57	NUM
aiti-2529	255	3	55	55	NUM
aiti-2529	255	4	table	table	NOUN
aiti-2529	255	5	5	5	NUM
aiti-2529	255	6	robustness	robustness	NOUN
aiti-2529	255	7	test	test	NOUN
aiti-2529	255	8	by	by	ADP
aiti-2529	255	9	function	function	NOUN
aiti-2529	255	10	form	form	NOUN
aiti-2529	255	11	(	(	PUNCT
aiti-2529	255	12	continued	continued	ADJ
aiti-2529	255	13	)	)	PUNCT
aiti-2529	255	14	linear	linear	VERB
aiti-2529	255	15	quadratic	quadratic	ADJ
aiti-2529	255	16	cubic	cubic	ADJ
aiti-2529	255	17	variable	variable	PROPN
aiti-2529	255	18	lva	lva	PROPN
aiti-2529	255	19	lva	lva	PROPN
aiti-2529	255	20	lva	lva	PROPN
aiti-2529	255	21	indb	indb	PROPN
aiti-2529	255	22	0.0965	0.0965	PROPN
aiti-2529	255	23	*	*	PUNCT
aiti-2529	256	1	*	*	PUNCT
aiti-2529	256	2	*	*	PUNCT
aiti-2529	256	3	(	(	PUNCT
aiti-2529	256	4	4.9269	4.9269	NUM
aiti-2529	256	5	)	)	PUNCT
aiti-2529	256	6	0.0771	0.0771	NUM
aiti-2529	256	7	*	*	PUNCT
aiti-2529	256	8	*	*	PUNCT
aiti-2529	256	9	*	*	PUNCT
aiti-2529	256	10	(	(	PUNCT
aiti-2529	256	11	3.0369	3.0369	NUM
aiti-2529	256	12	)	)	PUNCT
aiti-2529	256	13	0.0556	0.0556	NUM
aiti-2529	256	14	*	*	PUNCT
aiti-2529	256	15	*	*	PUNCT
aiti-2529	256	16	*	*	PUNCT
aiti-2529	256	17	(	(	PUNCT
aiti-2529	256	18	3.2904	3.2904	NUM
aiti-2529	256	19	)	)	PUNCT
aiti-2529	256	20	indc	indc	NOUN
aiti-2529	256	21	0.1321	0.1321	NUM
aiti-2529	256	22	*	*	PUNCT
aiti-2529	256	23	*	*	PUNCT
aiti-2529	256	24	*	*	PUNCT
aiti-2529	256	25	(	(	PUNCT
aiti-2529	256	26	7.7247	7.7247	NUM
aiti-2529	256	27	)	)	PUNCT
aiti-2529	256	28	0.1214	0.1214	NUM
aiti-2529	256	29	*	*	PUNCT
aiti-2529	256	30	*	*	PUNCT
aiti-2529	256	31	*	*	PUNCT
aiti-2529	256	32	(	(	PUNCT
aiti-2529	256	33	4.5435	4.5435	NUM
aiti-2529	256	34	)	)	PUNCT
aiti-2529	256	35	0.1075	0.1075	NUM
aiti-2529	256	36	*	*	PUNCT
aiti-2529	256	37	*	*	PUNCT
aiti-2529	256	38	*	*	PUNCT
aiti-2529	256	39	(	(	PUNCT
aiti-2529	256	40	6.8314	6.8314	NUM
aiti-2529	256	41	)	)	PUNCT
aiti-2529	256	42	indd	indd	NOUN
aiti-2529	256	43	0.1857	0.1857	NUM
aiti-2529	256	44	*	*	PUNCT
aiti-2529	256	45	*	*	PUNCT
aiti-2529	256	46	*	*	PUNCT
aiti-2529	256	47	(	(	PUNCT
aiti-2529	256	48	8.6562	8.6562	NUM
aiti-2529	256	49	)	)	PUNCT
aiti-2529	256	50	0.1636	0.1636	NUM
aiti-2529	256	51	*	*	PUNCT
aiti-2529	256	52	*	*	PUNCT
aiti-2529	256	53	*	*	PUNCT
aiti-2529	256	54	(	(	PUNCT
aiti-2529	256	55	1.7445	1.7445	NUM
aiti-2529	256	56	)	)	PUNCT
aiti-2529	256	57	0.1520	0.1520	NUM
aiti-2529	257	1	*	*	PUNCT
aiti-2529	257	2	*	*	PUNCT
aiti-2529	257	3	*	*	PUNCT
aiti-2529	257	4	(	(	PUNCT
aiti-2529	257	5	7.0760	7.0760	NUM
aiti-2529	257	6	)	)	PUNCT
aiti-2529	257	7	inde	inde	NOUN
aiti-2529	257	8	0.1360	0.1360	NUM
aiti-2529	257	9	*	*	PUNCT
aiti-2529	257	10	*	*	PUNCT
aiti-2529	257	11	*	*	PUNCT
aiti-2529	257	12	(	(	PUNCT
aiti-2529	257	13	7.6700	7.6700	NUM
aiti-2529	257	14	)	)	PUNCT
aiti-2529	257	15	0.1141	0.1141	NUM
aiti-2529	258	1	*	*	PUNCT
aiti-2529	258	2	*	*	PUNCT
aiti-2529	258	3	*	*	PUNCT
aiti-2529	258	4	(	(	PUNCT
aiti-2529	258	5	3.9985	3.9985	NUM
aiti-2529	258	6	)	)	PUNCT
aiti-2529	258	7	0.0943	0.0943	NUM
aiti-2529	258	8	*	*	PUNCT
aiti-2529	258	9	*	*	PUNCT
aiti-2529	258	10	*	*	PUNCT
aiti-2529	258	11	(	(	PUNCT
aiti-2529	258	12	5.9018	5.9018	NUM
aiti-2529	258	13	)	)	PUNCT
aiti-2529	258	14	indf	indf	NOUN
aiti-2529	258	15	0.2177	0.2177	NUM
aiti-2529	258	16	*	*	PUNCT
aiti-2529	258	17	*	*	PUNCT
aiti-2529	258	18	*	*	PUNCT
aiti-2529	258	19	(	(	PUNCT
aiti-2529	258	20	13.2065	13.2065	NUM
aiti-2529	258	21	)	)	PUNCT
aiti-2529	258	22	0.1983	0.1983	NUM
aiti-2529	258	23	*	*	PUNCT
aiti-2529	259	1	*	*	PUNCT
aiti-2529	259	2	*	*	PUNCT
aiti-2529	259	3	(	(	PUNCT
aiti-2529	259	4	8.7908	8.7908	NUM
aiti-2529	259	5	)	)	PUNCT
aiti-2529	259	6	0.1779	0.1779	NUM
aiti-2529	259	7	*	*	PUNCT
aiti-2529	259	8	*	*	PUNCT
aiti-2529	259	9	*	*	PUNCT
aiti-2529	259	10	(	(	PUNCT
aiti-2529	259	11	12.1368	12.1368	NUM
aiti-2529	259	12	)	)	PUNCT
aiti-2529	259	13	indg	indg	NOUN
aiti-2529	259	14	0.2373	0.2373	NUM
aiti-2529	259	15	*	*	PUNCT
aiti-2529	259	16	*	*	PUNCT
aiti-2529	259	17	*	*	PUNCT
aiti-2529	259	18	(	(	PUNCT
aiti-2529	259	19	11.3780	11.3780	NUM
aiti-2529	259	20	)	)	PUNCT
aiti-2529	259	21	0.1771	0.1771	NUM
aiti-2529	259	22	*	*	PUNCT
aiti-2529	260	1	*	*	PUNCT
aiti-2529	260	2	*	*	PUNCT
aiti-2529	260	3	(	(	PUNCT
aiti-2529	260	4	2.8244	2.8244	NUM
aiti-2529	260	5	)	)	PUNCT
aiti-2529	260	6	0.1301	0.1301	NUM
aiti-2529	260	7	*	*	PUNCT
aiti-2529	260	8	*	*	PUNCT
aiti-2529	260	9	*	*	PUNCT
aiti-2529	260	10	(	(	PUNCT
aiti-2529	260	11	7.3822	7.3822	NUM
aiti-2529	260	12	)	)	PUNCT
aiti-2529	260	13	indh	indh	VERB
aiti-2529	260	14	0.1175	0.1175	NUM
aiti-2529	260	15	*	*	PUNCT
aiti-2529	260	16	*	*	PUNCT
aiti-2529	260	17	*	*	PUNCT
aiti-2529	260	18	(	(	PUNCT
aiti-2529	260	19	6.9732	6.9732	NUM
aiti-2529	260	20	)	)	PUNCT
aiti-2529	260	21	0.0903	0.0903	NUM
aiti-2529	261	1	*	*	PUNCT
aiti-2529	261	2	*	*	PUNCT
aiti-2529	261	3	*	*	PUNCT
aiti-2529	261	4	(	(	PUNCT
aiti-2529	261	5	6.8611	6.8611	NUM
aiti-2529	261	6	)	)	PUNCT
aiti-2529	261	7	0.0637	0.0637	NUM
aiti-2529	261	8	*	*	PUNCT
aiti-2529	262	1	*	*	PUNCT
aiti-2529	262	2	*	*	PUNCT
aiti-2529	262	3	(	(	PUNCT
aiti-2529	262	4	4.2661	4.2661	NUM
aiti-2529	262	5	)	)	PUNCT
aiti-2529	262	6	indi	indi	PROPN
aiti-2529	262	7	0.3201	0.3201	NUM
aiti-2529	262	8	*	*	PUNCT
aiti-2529	262	9	*	*	PUNCT
aiti-2529	262	10	*	*	PUNCT
aiti-2529	262	11	(	(	PUNCT
aiti-2529	262	12	15.6212	15.6212	NUM
aiti-2529	262	13	)	)	PUNCT
aiti-2529	262	14	0.2896	0.2896	NUM
aiti-2529	263	1	*	*	PUNCT
aiti-2529	263	2	*	*	PUNCT
aiti-2529	263	3	*	*	PUNCT
aiti-2529	263	4	(	(	PUNCT
aiti-2529	263	5	2.5161	2.5161	NUM
aiti-2529	263	6	)	)	PUNCT
aiti-2529	263	7	0.2529	0.2529	NUM
aiti-2529	263	8	*	*	PUNCT
aiti-2529	263	9	*	*	PUNCT
aiti-2529	263	10	*	*	PUNCT
aiti-2529	263	11	(	(	PUNCT
aiti-2529	263	12	13.9078	13.9078	NUM
aiti-2529	263	13	)	)	PUNCT
aiti-2529	263	14	indj	indj	NOUN
aiti-2529	263	15	-0.0113	-0.0113	PROPN
aiti-2529	263	16	*	*	PUNCT
aiti-2529	263	17	*	*	PUNCT
aiti-2529	263	18	*	*	PUNCT
aiti-2529	263	19	(	(	PUNCT
aiti-2529	263	20	-0.5899	-0.5899	NOUN
aiti-2529	263	21	)	)	PUNCT
aiti-2529	263	22	-0.0217	-0.0217	NOUN
aiti-2529	263	23	(	(	PUNCT
aiti-2529	263	24	2.5268	2.5268	NUM
aiti-2529	263	25	)	)	PUNCT
aiti-2529	263	26	-0.0414	-0.0414	NOUN
aiti-2529	264	1	*	*	PUNCT
aiti-2529	264	2	*	*	PUNCT
aiti-2529	264	3	(	(	PUNCT
aiti-2529	264	4	-2.3481	-2.3481	NOUN
aiti-2529	264	5	)	)	PUNCT
aiti-2529	264	6	adj	adj	PROPN
aiti-2529	264	7	.	.	PUNCT
aiti-2529	265	1	r	r	NOUN
aiti-2529	265	2	2	2	NUM
aiti-2529	265	3	0.6332	0.6332	NUM
aiti-2529	265	4	0.6533	0.6533	NUM
aiti-2529	265	5	0.6696	0.6696	NUM
aiti-2529	265	6	white	white	ADJ
aiti-2529	265	7	test	test	NOUN
aiti-2529	265	8	90341.73	90341.73	NUM
aiti-2529	265	9	*	*	PUNCT
aiti-2529	265	10	*	*	PUNCT
aiti-2529	265	11	*	*	PUNCT
aiti-2529	265	12	58,394	58,394	NUM
aiti-2529	265	13	*	*	PUNCT
aiti-2529	265	14	*	*	PUNCT
aiti-2529	265	15	*	*	NOUN
aiti-2529	265	16	34,574	34,574	NUM
aiti-2529	265	17	*	*	PUNCT
aiti-2529	265	18	*	*	PUNCT
aiti-2529	265	19	*	*	PUNCT
aiti-2529	265	20	note	note	NOUN
aiti-2529	265	21	:	:	PUNCT
aiti-2529	265	22	*	*	PUNCT
aiti-2529	265	23	*	*	PUNCT
aiti-2529	265	24	*	*	PUNCT
aiti-2529	265	25	,	,	PUNCT
aiti-2529	265	26	*	*	PUNCT
aiti-2529	265	27	*	*	PUNCT
aiti-2529	265	28	,	,	PUNCT
aiti-2529	265	29	*	*	PUNCT
aiti-2529	265	30	for	for	ADP
aiti-2529	265	31	significance	significance	NOUN
aiti-2529	265	32	at	at	ADP
aiti-2529	265	33	the	the	DET
aiti-2529	265	34	1	1	NUM
aiti-2529	265	35	%	%	NOUN
aiti-2529	265	36	,	,	PUNCT
aiti-2529	265	37	5	5	NUM
aiti-2529	265	38	%	%	NOUN
aiti-2529	265	39	,	,	PUNCT
aiti-2529	265	40	10	10	NUM
aiti-2529	265	41	%	%	NOUN
aiti-2529	265	42	level	level	NOUN
aiti-2529	265	43	.	.	PUNCT
aiti-2529	266	1	5	5	X
aiti-2529	266	2	.	.	X
aiti-2529	266	3	conclusions	conclusion	NOUN
aiti-2529	266	4	this	this	DET
aiti-2529	266	5	paper	paper	NOUN
aiti-2529	266	6	empirically	empirically	ADV
aiti-2529	266	7	adopts	adopt	VERB
aiti-2529	266	8	the	the	DET
aiti-2529	266	9	big	big	ADJ
aiti-2529	266	10	data	datum	NOUN
aiti-2529	266	11	obtained	obtain	VERB
aiti-2529	266	12	from	from	ADP
aiti-2529	266	13	the	the	DET
aiti-2529	266	14	2011	2011	NUM
aiti-2529	266	15	industry	industry	NOUN
aiti-2529	266	16	,	,	PUNCT
aiti-2529	266	17	commerce	commerce	NOUN
aiti-2529	266	18	,	,	PUNCT
aiti-2529	266	19	and	and	CCONJ
aiti-2529	266	20	service	service	NOUN
aiti-2529	266	21	census	census	NOUN
aiti-2529	266	22	conducted	conduct	VERB
aiti-2529	266	23	by	by	ADP
aiti-2529	266	24	taiwan	taiwan	PROPN
aiti-2529	266	25	’s	’s	PART
aiti-2529	266	26	directorate	directorate	ADJ
aiti-2529	266	27	-	-	PUNCT
aiti-2529	266	28	general	general	NOUN
aiti-2529	266	29	of	of	ADP
aiti-2529	266	30	budget	budget	NOUN
aiti-2529	266	31	,	,	PUNCT
aiti-2529	266	32	accounting	accounting	NOUN
aiti-2529	266	33	,	,	PUNCT
aiti-2529	266	34	and	and	CCONJ
aiti-2529	266	35	statistics	statistic	NOUN
aiti-2529	266	36	and	and	CCONJ
aiti-2529	266	37	examines	examine	VERB
aiti-2529	266	38	the	the	DET
aiti-2529	266	39	link	link	NOUN
aiti-2529	266	40	between	between	ADP
aiti-2529	266	41	the	the	DET
aiti-2529	266	42	business	business	NOUN
aiti-2529	266	43	life	life	NOUN
aiti-2529	266	44	cycle	cycle	NOUN
aiti-2529	266	45	,	,	PUNCT
aiti-2529	266	46	brand	brand	NOUN
aiti-2529	266	47	,	,	PUNCT
aiti-2529	266	48	r&d	r&d	NOUN
aiti-2529	266	49	,	,	PUNCT
aiti-2529	266	50	internationalization	internationalization	NOUN
aiti-2529	266	51	,	,	PUNCT
aiti-2529	266	52	and	and	CCONJ
aiti-2529	266	53	value	value	NOUN
aiti-2529	266	54	creation	creation	NOUN
aiti-2529	266	55	for	for	ADP
aiti-2529	266	56	taiwan	taiwan	PROPN
aiti-2529	266	57	’s	’s	PART
aiti-2529	266	58	manufacturers	manufacturer	NOUN
aiti-2529	266	59	.	.	PUNCT
aiti-2529	267	1	regression	regression	NOUN
aiti-2529	267	2	results	result	NOUN
aiti-2529	267	3	based	base	VERB
aiti-2529	267	4	on	on	ADP
aiti-2529	267	5	104,377	104,377	NUM
aiti-2529	267	6	observations	observation	NOUN
aiti-2529	267	7	in	in	ADP
aiti-2529	267	8	the	the	DET
aiti-2529	267	9	prescreened	prescreene	VERB
aiti-2529	267	10	sample	sample	NOUN
aiti-2529	267	11	can	can	AUX
aiti-2529	267	12	be	be	AUX
aiti-2529	267	13	recapitulated	recapitulate	VERB
aiti-2529	267	14	in	in	ADP
aiti-2529	267	15	seven	seven	NUM
aiti-2529	267	16	points	point	NOUN
aiti-2529	267	17	.	.	PUNCT
aiti-2529	268	1	(	(	PUNCT
aiti-2529	268	2	1	1	X
aiti-2529	268	3	)	)	PUNCT
aiti-2529	268	4	a	a	DET
aiti-2529	268	5	relatively	relatively	ADV
aiti-2529	268	6	low	low	ADJ
aiti-2529	268	7	level	level	NOUN
aiti-2529	268	8	of	of	ADP
aiti-2529	268	9	the	the	DET
aiti-2529	268	10	value	value	NOUN
aiti-2529	268	11	added	add	VERB
aiti-2529	268	12	,	,	PUNCT
aiti-2529	268	13	brand	brand	NOUN
aiti-2529	268	14	revenue	revenue	NOUN
aiti-2529	268	15	,	,	PUNCT
aiti-2529	268	16	r&d	r&d	NOUN
aiti-2529	268	17	spending	spending	NOUN
aiti-2529	268	18	,	,	PUNCT
aiti-2529	268	19	and	and	CCONJ
aiti-2529	268	20	internationalization	internationalization	NOUN
aiti-2529	268	21	suggests	suggest	VERB
aiti-2529	268	22	that	that	SCONJ
aiti-2529	268	23	taiwan	taiwan	PROPN
aiti-2529	268	24	’s	’s	PART
aiti-2529	268	25	manufacturing	manufacturing	NOUN
aiti-2529	268	26	industry	industry	NOUN
aiti-2529	268	27	is	be	AUX
aiti-2529	268	28	currently	currently	ADV
aiti-2529	268	29	subject	subject	ADJ
aiti-2529	268	30	to	to	ADP
aiti-2529	268	31	a	a	DET
aiti-2529	268	32	business	business	NOUN
aiti-2529	268	33	environment	environment	NOUN
aiti-2529	268	34	dominated	dominate	VERB
aiti-2529	268	35	by	by	ADP
aiti-2529	268	36	oems	oem	NOUN
aiti-2529	268	37	mainly	mainly	ADV
aiti-2529	268	38	oriented	orient	VERB
aiti-2529	268	39	to	to	ADP
aiti-2529	268	40	the	the	DET
aiti-2529	268	41	local	local	ADJ
aiti-2529	268	42	market	market	NOUN
aiti-2529	268	43	.	.	PUNCT
aiti-2529	269	1	(	(	PUNCT
aiti-2529	269	2	2	2	X
aiti-2529	269	3	)	)	PUNCT
aiti-2529	269	4	new	new	ADJ
aiti-2529	269	5	ventures	venture	NOUN
aiti-2529	269	6	whose	whose	DET
aiti-2529	269	7	business	business	NOUN
aiti-2529	269	8	life	life	NOUN
aiti-2529	269	9	is	be	AUX
aiti-2529	269	10	less	less	ADJ
aiti-2529	269	11	than	than	ADP
aiti-2529	269	12	15	15	NUM
aiti-2529	269	13	years	year	NOUN
aiti-2529	269	14	have	have	VERB
aiti-2529	269	15	to	to	PART
aiti-2529	269	16	face	face	VERB
aiti-2529	269	17	a	a	DET
aiti-2529	269	18	low	low	ADJ
aiti-2529	269	19	level	level	NOUN
aiti-2529	269	20	of	of	ADP
aiti-2529	269	21	value	value	NOUN
aiti-2529	269	22	creation	creation	NOUN
aiti-2529	269	23	.	.	PUNCT
aiti-2529	270	1	only	only	ADV
aiti-2529	270	2	beyond	beyond	ADP
aiti-2529	270	3	15	15	NUM
aiti-2529	270	4	years	year	NOUN
aiti-2529	270	5	will	will	AUX
aiti-2529	270	6	value	value	VERB
aiti-2529	270	7	creation	creation	NOUN
aiti-2529	270	8	be	be	AUX
aiti-2529	270	9	strengthened	strengthen	VERB
aiti-2529	270	10	by	by	ADP
aiti-2529	270	11	greater	great	ADJ
aiti-2529	270	12	efficiency	efficiency	NOUN
aiti-2529	270	13	in	in	ADP
aiti-2529	270	14	operation	operation	NOUN
aiti-2529	270	15	.	.	PUNCT
aiti-2529	271	1	(	(	PUNCT
aiti-2529	271	2	3	3	X
aiti-2529	271	3	)	)	PUNCT
aiti-2529	271	4	the	the	DET
aiti-2529	271	5	marginal	marginal	ADJ
aiti-2529	271	6	impact	impact	NOUN
aiti-2529	271	7	of	of	ADP
aiti-2529	271	8	brand	brand	NOUN
aiti-2529	271	9	revenue	revenue	NOUN
aiti-2529	271	10	and	and	CCONJ
aiti-2529	271	11	r&d	r&d	NOUN
aiti-2529	271	12	spending	spending	NOUN
aiti-2529	271	13	on	on	ADP
aiti-2529	271	14	value	value	NOUN
aiti-2529	271	15	creation	creation	NOUN
aiti-2529	271	16	is	be	AUX
aiti-2529	271	17	captured	capture	VERB
aiti-2529	271	18	by	by	ADP
aiti-2529	271	19	a	a	DET
aiti-2529	271	20	reversed	reverse	VERB
aiti-2529	271	21	u	u	ADJ
aiti-2529	271	22	-	-	ADJ
aiti-2529	271	23	shaped	shape	VERB
aiti-2529	271	24	curve	curve	NOUN
aiti-2529	271	25	.	.	PUNCT
aiti-2529	272	1	the	the	DET
aiti-2529	272	2	decreasing	decrease	VERB
aiti-2529	272	3	marginal	marginal	ADJ
aiti-2529	272	4	effect	effect	NOUN
aiti-2529	272	5	is	be	AUX
aiti-2529	272	6	higher	high	ADJ
aiti-2529	272	7	for	for	ADP
aiti-2529	272	8	r&d	r&d	NOUN
aiti-2529	272	9	than	than	ADP
aiti-2529	272	10	for	for	ADP
aiti-2529	272	11	brand	brand	NOUN
aiti-2529	272	12	revenue	revenue	NOUN
aiti-2529	272	13	.	.	PUNCT
aiti-2529	273	1	(	(	PUNCT
aiti-2529	273	2	4	4	X
aiti-2529	273	3	)	)	PUNCT
aiti-2529	273	4	the	the	DET
aiti-2529	273	5	marginal	marginal	ADJ
aiti-2529	273	6	impact	impact	NOUN
aiti-2529	273	7	of	of	ADP
aiti-2529	273	8	the	the	DET
aiti-2529	273	9	two	two	NUM
aiti-2529	273	10	gauges	gauge	NOUN
aiti-2529	273	11	for	for	ADP
aiti-2529	273	12	internationalization	internationalization	NOUN
aiti-2529	273	13	(	(	PUNCT
aiti-2529	273	14	overseas	overseas	ADJ
aiti-2529	273	15	investment	investment	NOUN
aiti-2529	273	16	and	and	CCONJ
aiti-2529	273	17	export	export	NOUN
aiti-2529	273	18	)	)	PUNCT
aiti-2529	273	19	on	on	ADP
aiti-2529	273	20	value	value	NOUN
aiti-2529	273	21	creation	creation	NOUN
aiti-2529	273	22	is	be	AUX
aiti-2529	273	23	captured	capture	VERB
aiti-2529	273	24	by	by	ADP
aiti-2529	273	25	a	a	DET
aiti-2529	273	26	reversed	reverse	VERB
aiti-2529	273	27	u	u	ADJ
aiti-2529	273	28	-	-	ADJ
aiti-2529	273	29	shaped	shape	VERB
aiti-2529	273	30	curve	curve	NOUN
aiti-2529	273	31	,	,	PUNCT
aiti-2529	273	32	too	too	ADV
aiti-2529	273	33	.	.	PUNCT
aiti-2529	274	1	the	the	DET
aiti-2529	274	2	decreasing	decrease	VERB
aiti-2529	274	3	marginal	marginal	ADJ
aiti-2529	274	4	effect	effect	NOUN
aiti-2529	274	5	is	be	AUX
aiti-2529	274	6	higher	high	ADJ
aiti-2529	274	7	for	for	ADP
aiti-2529	274	8	overseas	overseas	ADJ
aiti-2529	274	9	investment	investment	NOUN
aiti-2529	274	10	than	than	ADP
aiti-2529	274	11	for	for	ADP
aiti-2529	274	12	export	export	NOUN
aiti-2529	274	13	.	.	PUNCT
aiti-2529	275	1	(	(	PUNCT
aiti-2529	275	2	5	5	NUM
aiti-2529	275	3	)	)	PUNCT
aiti-2529	275	4	operation	operation	NOUN
aiti-2529	275	5	digitalization	digitalization	NOUN
aiti-2529	275	6	remains	remain	VERB
aiti-2529	275	7	at	at	ADP
aiti-2529	275	8	a	a	DET
aiti-2529	275	9	low	low	ADJ
aiti-2529	275	10	level	level	NOUN
aiti-2529	275	11	for	for	ADP
aiti-2529	275	12	taiwan	taiwan	PROPN
aiti-2529	275	13	’s	’s	PART
aiti-2529	275	14	manufacturers	manufacturer	NOUN
aiti-2529	275	15	and	and	CCONJ
aiti-2529	275	16	its	its	PRON
aiti-2529	275	17	impact	impact	NOUN
aiti-2529	275	18	on	on	ADP
aiti-2529	275	19	value	value	NOUN
aiti-2529	275	20	creation	creation	NOUN
aiti-2529	275	21	appears	appear	VERB
aiti-2529	275	22	insignificant	insignificant	ADJ
aiti-2529	275	23	as	as	ADP
aiti-2529	275	24	of	of	ADP
aiti-2529	275	25	2011	2011	NUM
aiti-2529	275	26	.	.	PUNCT
aiti-2529	276	1	(	(	PUNCT
aiti-2529	276	2	6	6	NUM
aiti-2529	276	3	)	)	PUNCT
aiti-2529	276	4	the	the	DET
aiti-2529	276	5	average	average	ADJ
aiti-2529	276	6	business	business	NOUN
aiti-2529	276	7	life	life	NOUN
aiti-2529	276	8	cycle	cycle	NOUN
aiti-2529	276	9	is	be	AUX
aiti-2529	276	10	around	around	ADV
aiti-2529	276	11	18	18	NUM
aiti-2529	276	12	years	year	NOUN
aiti-2529	276	13	in	in	ADP
aiti-2529	276	14	the	the	DET
aiti-2529	276	15	sample	sample	NOUN
aiti-2529	276	16	.	.	PUNCT
aiti-2529	277	1	under	under	ADP
aiti-2529	277	2	intensifying	intensify	VERB
aiti-2529	277	3	competition	competition	NOUN
aiti-2529	277	4	from	from	ADP
aiti-2529	277	5	globalization	globalization	NOUN
aiti-2529	277	6	and	and	CCONJ
aiti-2529	277	7	e	e	NOUN
aiti-2529	277	8	-	-	NOUN
aiti-2529	277	9	business	business	NOUN
aiti-2529	277	10	,	,	PUNCT
aiti-2529	277	11	the	the	DET
aiti-2529	277	12	business	business	NOUN
aiti-2529	277	13	life	life	NOUN
aiti-2529	277	14	cycle	cycle	NOUN
aiti-2529	277	15	is	be	AUX
aiti-2529	277	16	anticipated	anticipate	VERB
aiti-2529	277	17	to	to	PART
aiti-2529	277	18	be	be	AUX
aiti-2529	277	19	further	far	ADV
aiti-2529	277	20	shortened	shorten	VERB
aiti-2529	277	21	,	,	PUNCT
aiti-2529	277	22	creating	create	VERB
aiti-2529	277	23	more	more	ADJ
aiti-2529	277	24	challenges	challenge	NOUN
aiti-2529	277	25	to	to	ADP
aiti-2529	277	26	taiwan	taiwan	PROPN
aiti-2529	277	27	’s	’s	PART
aiti-2529	277	28	manufacturing	manufacturing	NOUN
aiti-2529	277	29	industry	industry	NOUN
aiti-2529	277	30	.	.	PUNCT
aiti-2529	278	1	advances	advance	NOUN
aiti-2529	278	2	in	in	ADP
aiti-2529	278	3	technology	technology	NOUN
aiti-2529	278	4	innovation	innovation	NOUN
aiti-2529	278	5	,	,	PUNCT
aiti-2529	278	6	vol	vol	NOUN
aiti-2529	278	7	.	.	PROPN
aiti-2529	279	1	4	4	NUM
aiti-2529	279	2	,	,	PUNCT
aiti-2529	279	3	no	no	INTJ
aiti-2529	279	4	.	.	NOUN
aiti-2529	279	5	1	1	NUM
aiti-2529	279	6	,	,	PUNCT
aiti-2529	279	7	2019	2019	NUM
aiti-2529	279	8	,	,	PUNCT
aiti-2529	280	1	pp	pp	ADV
aiti-2529	280	2	.	.	PUNCT
aiti-2529	281	1	44	44	NUM
aiti-2529	281	2	57	57	NUM
aiti-2529	281	3	56	56	NUM
aiti-2529	281	4	(	(	PUNCT
aiti-2529	281	5	7	7	NUM
aiti-2529	281	6	)	)	PUNCT
aiti-2529	281	7	businesses	business	NOUN
aiti-2529	281	8	in	in	ADP
aiti-2529	281	9	the	the	DET
aiti-2529	281	10	manufacturing	manufacturing	NOUN
aiti-2529	281	11	industry	industry	NOUN
aiti-2529	281	12	in	in	ADP
aiti-2529	281	13	taiwan	taiwan	PROPN
aiti-2529	281	14	face	face	VERB
aiti-2529	281	15	an	an	DET
aiti-2529	281	16	asymmetric	asymmetric	ADJ
aiti-2529	281	17	grin	grin	NOUN
aiti-2529	281	18	curve	curve	NOUN
aiti-2529	281	19	rather	rather	ADV
aiti-2529	281	20	than	than	ADP
aiti-2529	281	21	a	a	DET
aiti-2529	281	22	smile	smile	NOUN
aiti-2529	281	23	curve	curve	NOUN
aiti-2529	281	24	.	.	PUNCT
aiti-2529	282	1	therefore	therefore	ADV
aiti-2529	282	2	,	,	PUNCT
aiti-2529	282	3	value	value	NOUN
aiti-2529	282	4	creation	creation	NOUN
aiti-2529	282	5	can	can	AUX
aiti-2529	282	6	be	be	AUX
aiti-2529	282	7	strengthened	strengthen	VERB
aiti-2529	282	8	through	through	ADP
aiti-2529	282	9	enhancement	enhancement	NOUN
aiti-2529	282	10	in	in	ADP
aiti-2529	282	11	the	the	DET
aiti-2529	282	12	business	business	NOUN
aiti-2529	282	13	life	life	NOUN
aiti-2529	282	14	cycle	cycle	NOUN
aiti-2529	282	15	,	,	PUNCT
aiti-2529	282	16	internationalization	internationalization	NOUN
aiti-2529	282	17	,	,	PUNCT
aiti-2529	282	18	internet	internet	NOUN
aiti-2529	282	19	activity	activity	NOUN
aiti-2529	282	20	,	,	PUNCT
aiti-2529	282	21	operating	operating	NOUN
aiti-2529	282	22	scale	scale	NOUN
aiti-2529	282	23	,	,	PUNCT
aiti-2529	282	24	and	and	CCONJ
aiti-2529	282	25	capital	capital	NOUN
aiti-2529	282	26	intensity	intensity	NOUN
aiti-2529	282	27	.	.	PUNCT
aiti-2529	283	1	this	this	DET
aiti-2529	283	2	study	study	NOUN
aiti-2529	283	3	is	be	AUX
aiti-2529	283	4	conditioned	condition	VERB
aiti-2529	283	5	on	on	ADP
aiti-2529	283	6	a	a	DET
aiti-2529	283	7	few	few	ADJ
aiti-2529	283	8	limitations	limitation	NOUN
aiti-2529	283	9	,	,	PUNCT
aiti-2529	283	10	though	though	ADV
aiti-2529	283	11	.	.	PUNCT
aiti-2529	284	1	the	the	DET
aiti-2529	284	2	big	big	ADJ
aiti-2529	284	3	data	datum	NOUN
aiti-2529	284	4	obtained	obtain	VERB
aiti-2529	284	5	from	from	ADP
aiti-2529	284	6	the	the	DET
aiti-2529	284	7	government	government	NOUN
aiti-2529	284	8	census	census	NOUN
aiti-2529	284	9	are	be	AUX
aiti-2529	284	10	based	base	VERB
aiti-2529	284	11	on	on	ADP
aiti-2529	284	12	five	five	NUM
aiti-2529	284	13	-	-	PUNCT
aiti-2529	284	14	year	year	NOUN
aiti-2529	284	15	surveys	survey	NOUN
aiti-2529	284	16	.	.	PUNCT
aiti-2529	285	1	the	the	DET
aiti-2529	285	2	problem	problem	NOUN
aiti-2529	285	3	associated	associate	VERB
aiti-2529	285	4	with	with	ADP
aiti-2529	285	5	potentially	potentially	ADV
aiti-2529	285	6	lagged	lag	VERB
aiti-2529	285	7	information	information	NOUN
aiti-2529	285	8	appears	appear	VERB
aiti-2529	285	9	unavoidable	unavoidable	ADJ
aiti-2529	285	10	.	.	PUNCT
aiti-2529	286	1	besides	besides	SCONJ
aiti-2529	286	2	,	,	PUNCT
aiti-2529	286	3	discontinuity	discontinuity	NOUN
aiti-2529	286	4	in	in	ADP
aiti-2529	286	5	our	our	PRON
aiti-2529	286	6	data	datum	NOUN
aiti-2529	286	7	makes	make	VERB
aiti-2529	286	8	it	it	PRON
aiti-2529	286	9	difficult	difficult	ADJ
aiti-2529	286	10	to	to	PART
aiti-2529	286	11	analyze	analyze	VERB
aiti-2529	286	12	the	the	DET
aiti-2529	286	13	stock	stock	NOUN
aiti-2529	286	14	value	value	NOUN
aiti-2529	286	15	and	and	CCONJ
aiti-2529	286	16	lagged	lag	VERB
aiti-2529	286	17	effect	effect	NOUN
aiti-2529	286	18	for	for	ADP
aiti-2529	286	19	activities	activity	NOUN
aiti-2529	286	20	associated	associate	VERB
aiti-2529	286	21	with	with	ADP
aiti-2529	286	22	the	the	DET
aiti-2529	286	23	brand	brand	NOUN
aiti-2529	286	24	,	,	PUNCT
aiti-2529	286	25	r&d	r&d	NOUN
aiti-2529	286	26	,	,	PUNCT
aiti-2529	286	27	and	and	CCONJ
aiti-2529	286	28	overseas	overseas	ADJ
aiti-2529	286	29	investment	investment	NOUN
aiti-2529	286	30	.	.	PUNCT
aiti-2529	287	1	availability	availability	NOUN
aiti-2529	287	2	of	of	ADP
aiti-2529	287	3	a	a	DET
aiti-2529	287	4	more	more	ADV
aiti-2529	287	5	complete	complete	ADJ
aiti-2529	287	6	dataset	dataset	NOUN
aiti-2529	287	7	will	will	AUX
aiti-2529	287	8	benefit	benefit	VERB
aiti-2529	287	9	future	future	ADJ
aiti-2529	287	10	research	research	NOUN
aiti-2529	287	11	,	,	PUNCT
aiti-2529	287	12	which	which	PRON
aiti-2529	287	13	can	can	AUX
aiti-2529	287	14	also	also	ADV
aiti-2529	287	15	extend	extend	VERB
aiti-2529	287	16	analysis	analysis	NOUN
aiti-2529	287	17	to	to	ADP
aiti-2529	287	18	issues	issue	NOUN
aiti-2529	287	19	such	such	ADJ
aiti-2529	287	20	as	as	ADP
aiti-2529	287	21	income	income	NOUN
aiti-2529	287	22	distribution	distribution	NOUN
aiti-2529	287	23	and	and	CCONJ
aiti-2529	287	24	equality	equality	NOUN
aiti-2529	287	25	under	under	ADP
aiti-2529	287	26	intensified	intensify	VERB
aiti-2529	287	27	globalization	globalization	NOUN
aiti-2529	287	28	.	.	PUNCT
aiti-2529	288	1	acknowledgement	acknowledgement	NOUN
aiti-2529	288	2	the	the	DET
aiti-2529	288	3	authors	author	NOUN
aiti-2529	288	4	would	would	AUX
aiti-2529	288	5	like	like	VERB
aiti-2529	288	6	to	to	PART
aiti-2529	288	7	acknowledge	acknowledge	VERB
aiti-2529	288	8	a	a	DET
aiti-2529	288	9	research	research	NOUN
aiti-2529	288	10	grant	grant	NOUN
aiti-2529	288	11	(	(	PUNCT
aiti-2529	288	12	most	most	ADJ
aiti-2529	288	13	103	103	NUM
aiti-2529	288	14	-	-	SYM
aiti-2529	288	15	2632	2632	NUM
aiti-2529	288	16	-	-	PUNCT
aiti-2529	288	17	h-029	h-029	NOUN
aiti-2529	288	18	-	-	PUNCT
aiti-2529	288	19	002	002	NUM
aiti-2529	288	20	-	-	PUNCT
aiti-2529	288	21	my2	my2	NOUN
aiti-2529	288	22	)	)	PUNCT
aiti-2529	288	23	from	from	ADP
aiti-2529	288	24	the	the	DET
aiti-2529	288	25	ministry	ministry	NOUN
aiti-2529	288	26	science	science	NOUN
aiti-2529	288	27	and	and	CCONJ
aiti-2529	288	28	technology	technology	NOUN
aiti-2529	288	29	in	in	ADP
aiti-2529	288	30	taiwan	taiwan	PROPN
aiti-2529	288	31	,	,	PUNCT
aiti-2529	288	32	roc	roc	PROPN
aiti-2529	288	33	.	.	PUNCT
aiti-2529	289	1	references	reference	NOUN
aiti-2529	289	2	[	[	X
aiti-2529	289	3	1	1	NUM
aiti-2529	289	4	]	]	PUNCT
aiti-2529	289	5	r.	r.	PROPN
aiti-2529	289	6	n.	n.	PROPN
aiti-2529	289	7	lussier	lussier	PROPN
aiti-2529	289	8	,	,	PUNCT
aiti-2529	289	9	“	"	PUNCT
aiti-2529	289	10	a	a	DET
aiti-2529	289	11	nonfinancial	nonfinancial	ADJ
aiti-2529	289	12	business	business	NOUN
aiti-2529	289	13	success	success	NOUN
aiti-2529	289	14	versus	versus	ADP
aiti-2529	289	15	failure	failure	NOUN
aiti-2529	289	16	prediction	prediction	NOUN
aiti-2529	289	17	model	model	NOUN
aiti-2529	289	18	for	for	ADP
aiti-2529	289	19	young	young	ADJ
aiti-2529	289	20	firms	firm	NOUN
aiti-2529	289	21	,	,	PUNCT
aiti-2529	289	22	”	"	PUNCT
aiti-2529	289	23	journal	journal	NOUN
aiti-2529	289	24	of	of	ADP
aiti-2529	289	25	small	small	ADJ
aiti-2529	289	26	business	business	NOUN
aiti-2529	289	27	management	management	NOUN
aiti-2529	289	28	,	,	PUNCT
aiti-2529	289	29	vol	vol	NOUN
aiti-2529	289	30	.	.	PROPN
aiti-2529	290	1	33	33	NUM
aiti-2529	290	2	,	,	PUNCT
aiti-2529	290	3	no	no	INTJ
aiti-2529	290	4	.	.	NOUN
aiti-2529	290	5	1	1	NUM
aiti-2529	290	6	,	,	PUNCT
aiti-2529	290	7	pp	pp	ADJ
aiti-2529	290	8	.	.	PUNCT
aiti-2529	291	1	8	8	NUM
aiti-2529	291	2	-	-	SYM
aiti-2529	291	3	20	20	NUM
aiti-2529	291	4	,	,	PUNCT
aiti-2529	291	5	1995	1995	NUM
aiti-2529	291	6	.	.	PUNCT
aiti-2529	292	1	[	[	X
aiti-2529	292	2	2	2	X
aiti-2529	292	3	]	]	PUNCT
aiti-2529	292	4	p.	p.	PROPN
aiti-2529	292	5	marco	marco	PROPN
aiti-2529	292	6	,	,	PUNCT
aiti-2529	292	7	p.	p.	PROPN
aiti-2529	292	8	fabio	fabio	PROPN
aiti-2529	292	9	,	,	PUNCT
aiti-2529	292	10	and	and	CCONJ
aiti-2529	292	11	z.	z.	PROPN
aiti-2529	292	12	luigi	luigi	PROPN
aiti-2529	292	13	,	,	PUNCT
aiti-2529	292	14	“	"	PUNCT
aiti-2529	292	15	why	why	SCONJ
aiti-2529	292	16	do	do	AUX
aiti-2529	292	17	companies	company	NOUN
aiti-2529	292	18	go	go	VERB
aiti-2529	292	19	public	public	ADJ
aiti-2529	292	20	,	,	PUNCT
aiti-2529	292	21	”	"	PUNCT
aiti-2529	292	22	the	the	DET
aiti-2529	292	23	journal	journal	NOUN
aiti-2529	292	24	of	of	ADP
aiti-2529	292	25	finance	finance	NOUN
aiti-2529	292	26	,	,	PUNCT
aiti-2529	292	27	vol	vol	NOUN
aiti-2529	292	28	.	.	PROPN
aiti-2529	293	1	53	53	NUM
aiti-2529	293	2	,	,	PUNCT
aiti-2529	293	3	no	no	INTJ
aiti-2529	293	4	.	.	NOUN
aiti-2529	293	5	1	1	NUM
aiti-2529	293	6	,	,	PUNCT
aiti-2529	293	7	pp	pp	ADJ
aiti-2529	293	8	.	.	PUNCT
aiti-2529	294	1	27	27	NUM
aiti-2529	294	2	-	-	SYM
aiti-2529	294	3	64	64	NUM
aiti-2529	294	4	,	,	PUNCT
aiti-2529	294	5	february	february	NOUN
aiti-2529	294	6	1998	1998	NUM
aiti-2529	294	7	.	.	PUNCT
aiti-2529	295	1	[	[	X
aiti-2529	295	2	3	3	NUM
aiti-2529	295	3	]	]	X
aiti-2529	295	4	i.	i.	NOUN
aiti-2529	295	5	erel	erel	PROPN
aiti-2529	295	6	,	,	PUNCT
aiti-2529	295	7	y.	y.	PROPN
aiti-2529	295	8	jang	jang	PROPN
aiti-2529	295	9	,	,	PUNCT
aiti-2529	295	10	and	and	CCONJ
aiti-2529	295	11	m.	m.	NOUN
aiti-2529	295	12	s.	s.	PROPN
aiti-2529	295	13	weisbach	weisbach	PROPN
aiti-2529	295	14	,	,	PUNCT
aiti-2529	295	15	“	"	PUNCT
aiti-2529	295	16	do	do	VERB
aiti-2529	295	17	acquisitions	acquisition	NOUN
aiti-2529	295	18	relieve	relieve	VERB
aiti-2529	295	19	target	target	NOUN
aiti-2529	295	20	firm	firm	NOUN
aiti-2529	295	21	’s	’s	PART
aiti-2529	295	22	financial	financial	ADJ
aiti-2529	295	23	constraints	constraint	NOUN
aiti-2529	295	24	,	,	PUNCT
aiti-2529	295	25	”	"	PUNCT
aiti-2529	295	26	journal	journal	NOUN
aiti-2529	295	27	of	of	ADP
aiti-2529	295	28	finance	finance	NOUN
aiti-2529	295	29	,	,	PUNCT
aiti-2529	295	30	vol	vol	NOUN
aiti-2529	295	31	.	.	PROPN
aiti-2529	296	1	70	70	NUM
aiti-2529	296	2	,	,	PUNCT
aiti-2529	296	3	no	no	INTJ
aiti-2529	296	4	.	.	NOUN
aiti-2529	296	5	1	1	NUM
aiti-2529	296	6	,	,	PUNCT
aiti-2529	296	7	pp	pp	ADJ
aiti-2529	296	8	.	.	PUNCT
aiti-2529	297	1	289	289	NUM
aiti-2529	297	2	-	-	SYM
aiti-2529	297	3	328	328	NUM
aiti-2529	297	4	,	,	PUNCT
aiti-2529	297	5	2015	2015	NUM
aiti-2529	297	6	.	.	PUNCT
aiti-2529	298	1	[	[	X
aiti-2529	298	2	4	4	X
aiti-2529	298	3	]	]	X
aiti-2529	298	4	e.	e.	PROPN
aiti-2529	298	5	maine	maine	PROPN
aiti-2529	298	6	,	,	PUNCT
aiti-2529	298	7	s.	s.	PROPN
aiti-2529	298	8	lubik	lubik	PROPN
aiti-2529	298	9	,	,	PUNCT
aiti-2529	298	10	and	and	CCONJ
aiti-2529	298	11	e.	e.	PROPN
aiti-2529	298	12	garnsey	garnsey	PROPN
aiti-2529	298	13	,	,	PUNCT
aiti-2529	298	14	“	"	PUNCT
aiti-2529	298	15	value	value	NOUN
aiti-2529	298	16	creation	creation	NOUN
aiti-2529	298	17	strategies	strategy	NOUN
aiti-2529	298	18	for	for	ADP
aiti-2529	298	19	science	science	NOUN
aiti-2529	298	20	-	-	PUNCT
aiti-2529	298	21	based	base	VERB
aiti-2529	298	22	business	business	NOUN
aiti-2529	298	23	:	:	PUNCT
aiti-2529	298	24	a	a	DET
aiti-2529	298	25	study	study	NOUN
aiti-2529	298	26	of	of	ADP
aiti-2529	298	27	advanced	advanced	ADJ
aiti-2529	298	28	materials	material	NOUN
aiti-2529	298	29	ventures	venture	NOUN
aiti-2529	298	30	,	,	PUNCT
aiti-2529	298	31	”	"	PUNCT
aiti-2529	298	32	innovation	innovation	NOUN
aiti-2529	298	33	:	:	PUNCT
aiti-2529	298	34	management	management	NOUN
aiti-2529	298	35	,	,	PUNCT
aiti-2529	298	36	vol	vol	NOUN
aiti-2529	298	37	.	.	PROPN
aiti-2529	298	38	15	15	NUM
aiti-2529	298	39	,	,	PUNCT
aiti-2529	298	40	no	no	INTJ
aiti-2529	298	41	.	.	NOUN
aiti-2529	298	42	1	1	NUM
aiti-2529	298	43	,	,	PUNCT
aiti-2529	298	44	pp	pp	ADJ
aiti-2529	298	45	.	.	PUNCT
aiti-2529	298	46	35	35	NUM
aiti-2529	298	47	-	-	SYM
aiti-2529	298	48	51	51	NUM
aiti-2529	298	49	,	,	PUNCT
aiti-2529	298	50	december	december	PROPN
aiti-2529	298	51	2014	2014	NUM
aiti-2529	298	52	.	.	PUNCT
aiti-2529	299	1	[	[	X
aiti-2529	299	2	5	5	X
aiti-2529	299	3	]	]	PUNCT
aiti-2529	299	4	t.	t.	PROPN
aiti-2529	299	5	j.	j.	PROPN
aiti-2529	299	6	chemmanur	chemmanur	PROPN
aiti-2529	299	7	,	,	PUNCT
aiti-2529	299	8	e.	e.	PROPN
aiti-2529	299	9	loutskina	loutskina	PROPN
aiti-2529	299	10	,	,	PUNCT
aiti-2529	299	11	and	and	CCONJ
aiti-2529	299	12	x.	x.	PROPN
aiti-2529	299	13	tian	tian	PROPN
aiti-2529	299	14	,	,	PUNCT
aiti-2529	299	15	“	"	PUNCT
aiti-2529	299	16	corporate	corporate	ADJ
aiti-2529	299	17	venture	venture	NOUN
aiti-2529	299	18	capital	capital	NOUN
aiti-2529	299	19	,	,	PUNCT
aiti-2529	299	20	value	value	NOUN
aiti-2529	299	21	creation	creation	NOUN
aiti-2529	299	22	,	,	PUNCT
aiti-2529	299	23	and	and	CCONJ
aiti-2529	299	24	innovation	innovation	NOUN
aiti-2529	299	25	,	,	PUNCT
aiti-2529	299	26	”	"	PUNCT
aiti-2529	299	27	the	the	DET
aiti-2529	299	28	review	review	NOUN
aiti-2529	299	29	of	of	ADP
aiti-2529	299	30	financial	financial	ADJ
aiti-2529	299	31	studies	study	NOUN
aiti-2529	299	32	,	,	PUNCT
aiti-2529	299	33	vol	vol	NOUN
aiti-2529	299	34	.	.	PROPN
aiti-2529	299	35	27	27	NUM
aiti-2529	299	36	,	,	PUNCT
aiti-2529	299	37	no	no	INTJ
aiti-2529	299	38	.	.	NOUN
aiti-2529	299	39	8	8	NUM
aiti-2529	299	40	,	,	PUNCT
aiti-2529	299	41	pp	pp	ADJ
aiti-2529	299	42	.	.	PUNCT
aiti-2529	300	1	2434	2434	NUM
aiti-2529	300	2	-	-	SYM
aiti-2529	300	3	2473	2473	NUM
aiti-2529	300	4	,	,	PUNCT
aiti-2529	300	5	august	august	PROPN
aiti-2529	300	6	2014	2014	NUM
aiti-2529	300	7	.	.	PUNCT
aiti-2529	301	1	[	[	X
aiti-2529	301	2	6	6	NUM
aiti-2529	301	3	]	]	X
aiti-2529	301	4	y.	y.	PROPN
aiti-2529	301	5	yang	yang	PROPN
aiti-2529	301	6	,	,	PUNCT
aiti-2529	301	7	v.	v.	PROPN
aiti-2529	301	8	narayanan	narayanan	PROPN
aiti-2529	301	9	,	,	PUNCT
aiti-2529	301	10	and	and	CCONJ
aiti-2529	301	11	d.	d.	PROPN
aiti-2529	301	12	de	de	PROPN
aiti-2529	301	13	carolis	carolis	PROPN
aiti-2529	301	14	,	,	PUNCT
aiti-2529	301	15	“	"	PUNCT
aiti-2529	301	16	the	the	DET
aiti-2529	301	17	relationship	relationship	NOUN
aiti-2529	301	18	between	between	ADP
aiti-2529	301	19	portfolio	portfolio	NOUN
aiti-2529	301	20	diversification	diversification	NOUN
aiti-2529	301	21	and	and	CCONJ
aiti-2529	301	22	firm	firm	ADJ
aiti-2529	301	23	value	value	NOUN
aiti-2529	301	24	:	:	PUNCT
aiti-2529	301	25	the	the	DET
aiti-2529	301	26	evidence	evidence	NOUN
aiti-2529	301	27	from	from	ADP
aiti-2529	301	28	corporate	corporate	ADJ
aiti-2529	301	29	venture	venture	NOUN
aiti-2529	301	30	capital	capital	NOUN
aiti-2529	301	31	activity	activity	NOUN
aiti-2529	301	32	,	,	PUNCT
aiti-2529	301	33	”	"	PUNCT
aiti-2529	301	34	strategic	strategic	ADJ
aiti-2529	301	35	management	management	NOUN
aiti-2529	301	36	journal	journal	NOUN
aiti-2529	301	37	,	,	PUNCT
aiti-2529	301	38	vol	vol	NOUN
aiti-2529	301	39	.	.	PROPN
aiti-2529	301	40	35	35	NUM
aiti-2529	301	41	,	,	PUNCT
aiti-2529	301	42	no	no	INTJ
aiti-2529	301	43	.	.	NOUN
aiti-2529	301	44	13	13	NUM
aiti-2529	301	45	,	,	PUNCT
aiti-2529	301	46	pp	pp	ADJ
aiti-2529	301	47	.	.	PUNCT
aiti-2529	302	1	1993	1993	NUM
aiti-2529	302	2	-	-	SYM
aiti-2529	302	3	2011	2011	NUM
aiti-2529	302	4	,	,	PUNCT
aiti-2529	302	5	december	december	PROPN
aiti-2529	302	6	2014	2014	NUM
aiti-2529	302	7	.	.	PUNCT
aiti-2529	303	1	[	[	X
aiti-2529	303	2	7	7	X
aiti-2529	303	3	]	]	X
aiti-2529	303	4	j.	j.	PROPN
aiti-2529	303	5	m.	m.	PROPN
aiti-2529	303	6	quentier	quentier	PROPN
aiti-2529	303	7	,	,	PUNCT
aiti-2529	303	8	“	"	PUNCT
aiti-2529	303	9	self	self	NOUN
aiti-2529	303	10	-	-	PUNCT
aiti-2529	303	11	employment	employment	NOUN
aiti-2529	303	12	start	start	NOUN
aiti-2529	303	13	-	-	PUNCT
aiti-2529	303	14	ups	up	NOUN
aiti-2529	303	15	and	and	CCONJ
aiti-2529	303	16	value	value	NOUN
aiti-2529	303	17	creation	creation	NOUN
aiti-2529	303	18	:	:	PUNCT
aiti-2529	303	19	an	an	DET
aiti-2529	303	20	empirical	empirical	ADJ
aiti-2529	303	21	analysis	analysis	NOUN
aiti-2529	303	22	of	of	ADP
aiti-2529	303	23	german	german	ADJ
aiti-2529	303	24	micro	micro	PROPN
aiti-2529	303	25	data	data	PROPN
aiti-2529	303	26	,	,	PUNCT
aiti-2529	303	27	”	"	PUNCT
aiti-2529	303	28	advances	advance	NOUN
aiti-2529	303	29	in	in	ADP
aiti-2529	303	30	competitiveness	competitiveness	NOUN
aiti-2529	303	31	research	research	NOUN
aiti-2529	303	32	,	,	PUNCT
aiti-2529	303	33	vol	vol	NOUN
aiti-2529	303	34	.	.	PROPN
aiti-2529	303	35	20	20	NUM
aiti-2529	303	36	,	,	PUNCT
aiti-2529	303	37	no	no	INTJ
aiti-2529	303	38	.	.	NOUN
aiti-2529	303	39	1	1	NUM
aiti-2529	303	40	-	-	SYM
aiti-2529	303	41	2	2	NUM
aiti-2529	303	42	,	,	PUNCT
aiti-2529	303	43	pp	pp	ADJ
aiti-2529	303	44	.	.	PUNCT
aiti-2529	304	1	37	37	NUM
aiti-2529	304	2	-	-	SYM
aiti-2529	304	3	57	57	NUM
aiti-2529	304	4	,	,	PUNCT
aiti-2529	304	5	2012	2012	NUM
aiti-2529	304	6	.	.	PUNCT
aiti-2529	305	1	[	[	X
aiti-2529	305	2	8	8	NUM
aiti-2529	305	3	]	]	X
aiti-2529	305	4	m.	m.	NOUN
aiti-2529	305	5	v.	v.	ADP
aiti-2529	305	6	posner	posner	NOUN
aiti-2529	305	7	,	,	PUNCT
aiti-2529	305	8	“	"	PUNCT
aiti-2529	305	9	international	international	ADJ
aiti-2529	305	10	trade	trade	NOUN
aiti-2529	305	11	and	and	CCONJ
aiti-2529	305	12	technical	technical	ADJ
aiti-2529	305	13	change	change	NOUN
aiti-2529	305	14	,	,	PUNCT
aiti-2529	305	15	”	"	PUNCT
aiti-2529	305	16	oxford	oxford	PROPN
aiti-2529	305	17	economic	economic	ADJ
aiti-2529	305	18	papers	paper	NOUN
aiti-2529	305	19	,	,	PUNCT
aiti-2529	305	20	vol	vol	NOUN
aiti-2529	305	21	.	.	PROPN
aiti-2529	305	22	13	13	NUM
aiti-2529	305	23	,	,	PUNCT
aiti-2529	305	24	no	no	INTJ
aiti-2529	305	25	.	.	NOUN
aiti-2529	305	26	3	3	NUM
aiti-2529	305	27	,	,	PUNCT
aiti-2529	305	28	pp	pp	ADJ
aiti-2529	305	29	.	.	PUNCT
aiti-2529	306	1	323	323	NUM
aiti-2529	306	2	-	-	SYM
aiti-2529	306	3	341	341	NUM
aiti-2529	306	4	,	,	PUNCT
aiti-2529	306	5	1961	1961	NUM
aiti-2529	306	6	.	.	PUNCT
aiti-2529	307	1	[	[	X
aiti-2529	307	2	9	9	NUM
aiti-2529	307	3	]	]	PUNCT
aiti-2529	307	4	p.	p.	PROPN
aiti-2529	307	5	r.	r.	PROPN
aiti-2529	307	6	krugman	krugman	PROPN
aiti-2529	307	7	,	,	PUNCT
aiti-2529	307	8	“	"	PUNCT
aiti-2529	307	9	increasing	increase	VERB
aiti-2529	307	10	returns	return	NOUN
aiti-2529	307	11	,	,	PUNCT
aiti-2529	307	12	imperfect	imperfect	ADJ
aiti-2529	307	13	competition	competition	NOUN
aiti-2529	307	14	,	,	PUNCT
aiti-2529	307	15	and	and	CCONJ
aiti-2529	307	16	international	international	ADJ
aiti-2529	307	17	trade	trade	NOUN
aiti-2529	307	18	,	,	PUNCT
aiti-2529	307	19	”	"	PUNCT
aiti-2529	307	20	journal	journal	NOUN
aiti-2529	307	21	of	of	ADP
aiti-2529	307	22	international	international	ADJ
aiti-2529	307	23	economics	economic	NOUN
aiti-2529	307	24	,	,	PUNCT
aiti-2529	307	25	vol	vol	NOUN
aiti-2529	307	26	.	.	PROPN
aiti-2529	307	27	9	9	NUM
aiti-2529	307	28	,	,	PUNCT
aiti-2529	307	29	no	no	INTJ
aiti-2529	307	30	.	.	NOUN
aiti-2529	307	31	4	4	NUM
aiti-2529	307	32	,	,	PUNCT
aiti-2529	307	33	pp	pp	ADJ
aiti-2529	307	34	.	.	PUNCT
aiti-2529	307	35	467	467	NUM
aiti-2529	307	36	-	-	SYM
aiti-2529	307	37	479	479	NUM
aiti-2529	307	38	,	,	PUNCT
aiti-2529	307	39	1979	1979	NUM
aiti-2529	307	40	.	.	PUNCT
aiti-2529	308	1	[	[	X
aiti-2529	308	2	10	10	NUM
aiti-2529	308	3	]	]	X
aiti-2529	308	4	k.	k.	PROPN
aiti-2529	308	5	lancaster	lancaster	PROPN
aiti-2529	308	6	,	,	PUNCT
aiti-2529	308	7	“	"	PUNCT
aiti-2529	308	8	intra	intra	ADJ
aiti-2529	308	9	-	-	ADJ
aiti-2529	308	10	industry	industry	ADJ
aiti-2529	308	11	trade	trade	NOUN
aiti-2529	308	12	under	under	ADP
aiti-2529	308	13	perfect	perfect	ADJ
aiti-2529	308	14	monopolistic	monopolistic	ADJ
aiti-2529	308	15	competition	competition	NOUN
aiti-2529	308	16	,	,	PUNCT
aiti-2529	308	17	”	"	PUNCT
aiti-2529	308	18	journal	journal	NOUN
aiti-2529	308	19	of	of	ADP
aiti-2529	308	20	international	international	ADJ
aiti-2529	308	21	economics	economic	NOUN
aiti-2529	308	22	,	,	PUNCT
aiti-2529	308	23	vol	vol	NOUN
aiti-2529	308	24	.	.	PROPN
aiti-2529	308	25	10	10	NUM
aiti-2529	308	26	,	,	PUNCT
aiti-2529	308	27	no	no	INTJ
aiti-2529	308	28	.	.	NOUN
aiti-2529	308	29	2	2	NUM
aiti-2529	308	30	,	,	PUNCT
aiti-2529	308	31	pp	pp	ADJ
aiti-2529	308	32	.	.	PUNCT
aiti-2529	308	33	151	151	NUM
aiti-2529	308	34	-	-	SYM
aiti-2529	308	35	175	175	NUM
aiti-2529	308	36	,	,	PUNCT
aiti-2529	308	37	may	may	AUX
aiti-2529	308	38	1980	1980	NUM
aiti-2529	308	39	.	.	PUNCT
aiti-2529	309	1	[	[	X
aiti-2529	309	2	11	11	NUM
aiti-2529	309	3	]	]	PUNCT
aiti-2529	309	4	j.	j.	PROPN
aiti-2529	309	5	h.	h.	PROPN
aiti-2529	309	6	dunning	dunning	PROPN
aiti-2529	309	7	,	,	PUNCT
aiti-2529	309	8	“	"	PUNCT
aiti-2529	309	9	toward	toward	ADP
aiti-2529	309	10	an	an	DET
aiti-2529	309	11	eclectic	eclectic	ADJ
aiti-2529	309	12	theory	theory	NOUN
aiti-2529	309	13	of	of	ADP
aiti-2529	309	14	international	international	ADJ
aiti-2529	309	15	production	production	NOUN
aiti-2529	309	16	:	:	PUNCT
aiti-2529	309	17	some	some	DET
aiti-2529	309	18	empirical	empirical	ADJ
aiti-2529	309	19	test	test	NOUN
aiti-2529	309	20	,	,	PUNCT
aiti-2529	309	21	”	"	PUNCT
aiti-2529	309	22	journal	journal	NOUN
aiti-2529	309	23	of	of	ADP
aiti-2529	309	24	international	international	ADJ
aiti-2529	309	25	business	business	NOUN
aiti-2529	309	26	studies	study	NOUN
aiti-2529	309	27	,	,	PUNCT
aiti-2529	309	28	vol	vol	NOUN
aiti-2529	309	29	.	.	PROPN
aiti-2529	309	30	11	11	NUM
aiti-2529	309	31	,	,	PUNCT
aiti-2529	309	32	no	no	INTJ
aiti-2529	309	33	.	.	NOUN
aiti-2529	309	34	1	1	NUM
aiti-2529	309	35	,	,	PUNCT
aiti-2529	309	36	pp	pp	ADJ
aiti-2529	309	37	.	.	PUNCT
aiti-2529	310	1	9	9	NUM
aiti-2529	310	2	-	-	SYM
aiti-2529	310	3	31	31	NUM
aiti-2529	310	4	,	,	PUNCT
aiti-2529	310	5	1980	1980	NUM
aiti-2529	310	6	.	.	PUNCT
aiti-2529	311	1	[	[	X
aiti-2529	311	2	12	12	NUM
aiti-2529	311	3	]	]	PUNCT
aiti-2529	311	4	j.	j.	PROPN
aiti-2529	311	5	wagner	wagner	PROPN
aiti-2529	311	6	,	,	PUNCT
aiti-2529	311	7	“	"	PUNCT
aiti-2529	311	8	exports	export	NOUN
aiti-2529	311	9	,	,	PUNCT
aiti-2529	311	10	firm	firm	ADJ
aiti-2529	311	11	size	size	NOUN
aiti-2529	311	12	and	and	CCONJ
aiti-2529	311	13	firm	firm	ADJ
aiti-2529	311	14	dynamics	dynamic	NOUN
aiti-2529	311	15	,	,	PUNCT
aiti-2529	311	16	”	"	PUNCT
aiti-2529	311	17	small	small	ADJ
aiti-2529	311	18	business	business	NOUN
aiti-2529	311	19	economics	economic	NOUN
aiti-2529	311	20	,	,	PUNCT
aiti-2529	311	21	vol	vol	NOUN
aiti-2529	311	22	.	.	PROPN
aiti-2529	311	23	7	7	NUM
aiti-2529	311	24	,	,	PUNCT
aiti-2529	311	25	no	no	INTJ
aiti-2529	311	26	.	.	NOUN
aiti-2529	311	27	1	1	NUM
aiti-2529	311	28	,	,	PUNCT
aiti-2529	311	29	pp	pp	ADJ
aiti-2529	311	30	.	.	PUNCT
aiti-2529	312	1	29	29	NUM
aiti-2529	312	2	-	-	SYM
aiti-2529	312	3	39	39	NUM
aiti-2529	312	4	,	,	PUNCT
aiti-2529	312	5	february	february	NOUN
aiti-2529	312	6	1995	1995	NUM
aiti-2529	312	7	.	.	PUNCT
aiti-2529	313	1	[	[	X
aiti-2529	313	2	13	13	NUM
aiti-2529	313	3	]	]	PUNCT
aiti-2529	313	4	a.	a.	NOUN
aiti-2529	313	5	bhide	bhide	NOUN
aiti-2529	313	6	,	,	PUNCT
aiti-2529	313	7	the	the	DET
aiti-2529	313	8	origin	origin	NOUN
aiti-2529	313	9	and	and	CCONJ
aiti-2529	313	10	evolution	evolution	NOUN
aiti-2529	313	11	of	of	ADP
aiti-2529	313	12	new	new	ADJ
aiti-2529	313	13	business	business	NOUN
aiti-2529	313	14	.	.	PUNCT
aiti-2529	314	1	new	new	PROPN
aiti-2529	314	2	york	york	PROPN
aiti-2529	314	3	:	:	PUNCT
aiti-2529	314	4	oxford	oxford	PROPN
aiti-2529	314	5	university	university	PROPN
aiti-2529	314	6	press	press	NOUN
aiti-2529	314	7	,	,	PUNCT
aiti-2529	314	8	2000	2000	NUM
aiti-2529	314	9	.	.	PUNCT
aiti-2529	315	1	[	[	X
aiti-2529	315	2	14	14	NUM
aiti-2529	315	3	]	]	X
aiti-2529	315	4	s.	s.	PROPN
aiti-2529	315	5	a.	a.	PROPN
aiti-2529	315	6	zahra	zahra	PROPN
aiti-2529	315	7	,	,	PUNCT
aiti-2529	315	8	r.	r.	PROPN
aiti-2529	315	9	d.	d.	PROPN
aiti-2529	315	10	ireland	ireland	PROPN
aiti-2529	315	11	,	,	PUNCT
aiti-2529	315	12	and	and	CCONJ
aiti-2529	315	13	m.	m.	PROPN
aiti-2529	315	14	a.	a.	PROPN
aiti-2529	315	15	hill	hill	PROPN
aiti-2529	315	16	,	,	PUNCT
aiti-2529	315	17	“	"	PUNCT
aiti-2529	315	18	international	international	ADJ
aiti-2529	315	19	expansion	expansion	NOUN
aiti-2529	315	20	by	by	ADP
aiti-2529	315	21	performance	performance	NOUN
aiti-2529	315	22	,	,	PUNCT
aiti-2529	315	23	”	"	PUNCT
aiti-2529	315	24	academy	academy	NOUN
aiti-2529	315	25	of	of	ADP
aiti-2529	315	26	management	management	NOUN
aiti-2529	315	27	journal	journal	PROPN
aiti-2529	315	28	,	,	PUNCT
aiti-2529	315	29	vol	vol	NOUN
aiti-2529	315	30	.	.	PROPN
aiti-2529	315	31	43	43	NUM
aiti-2529	315	32	,	,	PUNCT
aiti-2529	315	33	no	no	INTJ
aiti-2529	315	34	.	.	NOUN
aiti-2529	315	35	5	5	NUM
aiti-2529	315	36	,	,	PUNCT
aiti-2529	315	37	pp	pp	ADJ
aiti-2529	315	38	.	.	PUNCT
aiti-2529	316	1	925	925	NUM
aiti-2529	316	2	-	-	SYM
aiti-2529	316	3	950	950	NUM
aiti-2529	316	4	,	,	PUNCT
aiti-2529	316	5	2000	2000	NUM
aiti-2529	316	6	.	.	PUNCT
aiti-2529	317	1	[	[	X
aiti-2529	317	2	15	15	NUM
aiti-2529	317	3	]	]	X
aiti-2529	317	4	h.	h.	PROPN
aiti-2529	317	5	c.	c.	PROPN
aiti-2529	317	6	kuo	kuo	PROPN
aiti-2529	317	7	and	and	CCONJ
aiti-2529	317	8	y.	y.	PROPN
aiti-2529	317	9	li	li	PROPN
aiti-2529	317	10	,	,	PUNCT
aiti-2529	317	11	“	"	PUNCT
aiti-2529	317	12	a	a	DET
aiti-2529	317	13	dynamic	dynamic	ADJ
aiti-2529	317	14	decision	decision	NOUN
aiti-2529	317	15	model	model	NOUN
aiti-2529	317	16	of	of	ADP
aiti-2529	317	17	sme	sme	PROPN
aiti-2529	317	18	’s	’s	PART
aiti-2529	317	19	fdi	fdi	NOUN
aiti-2529	317	20	,	,	PUNCT
aiti-2529	317	21	”	"	PUNCT
aiti-2529	317	22	small	small	ADJ
aiti-2529	317	23	business	business	NOUN
aiti-2529	317	24	economics	economic	NOUN
aiti-2529	317	25	,	,	PUNCT
aiti-2529	317	26	vol	vol	NOUN
aiti-2529	317	27	.	.	PROPN
aiti-2529	317	28	20	20	NUM
aiti-2529	317	29	,	,	PUNCT
aiti-2529	317	30	no	no	INTJ
aiti-2529	317	31	.	.	NOUN
aiti-2529	317	32	3	3	NUM
aiti-2529	317	33	,	,	PUNCT
aiti-2529	317	34	pp	pp	ADJ
aiti-2529	317	35	.	.	PUNCT
aiti-2529	318	1	219	219	NUM
aiti-2529	318	2	-	-	SYM
aiti-2529	318	3	231	231	NUM
aiti-2529	318	4	,	,	PUNCT
aiti-2529	318	5	may	may	PROPN
aiti-2529	318	6	2003	2003	NUM
aiti-2529	318	7	.	.	PUNCT
aiti-2529	319	1	[	[	X
aiti-2529	319	2	16	16	NUM
aiti-2529	319	3	]	]	PUNCT
aiti-2529	319	4	k.	k.	PROPN
aiti-2529	319	5	head	head	PROPN
aiti-2529	319	6	and	and	CCONJ
aiti-2529	319	7	j.	j.	PROPN
aiti-2529	319	8	ries	ries	PROPN
aiti-2529	319	9	,	,	PUNCT
aiti-2529	319	10	“	"	PUNCT
aiti-2529	319	11	fdi	fdi	NOUN
aiti-2529	319	12	as	as	ADP
aiti-2529	319	13	an	an	DET
aiti-2529	319	14	outcome	outcome	NOUN
aiti-2529	319	15	of	of	ADP
aiti-2529	319	16	the	the	DET
aiti-2529	319	17	market	market	NOUN
aiti-2529	319	18	for	for	ADP
aiti-2529	319	19	corporate	corporate	ADJ
aiti-2529	319	20	control	control	NOUN
aiti-2529	319	21	:	:	PUNCT
aiti-2529	319	22	theory	theory	NOUN
aiti-2529	319	23	and	and	CCONJ
aiti-2529	319	24	evidence	evidence	NOUN
aiti-2529	319	25	,	,	PUNCT
aiti-2529	319	26	”	"	PUNCT
aiti-2529	319	27	journal	journal	NOUN
aiti-2529	319	28	of	of	ADP
aiti-2529	319	29	international	international	ADJ
aiti-2529	319	30	economics	economic	NOUN
aiti-2529	319	31	,	,	PUNCT
aiti-2529	319	32	vol	vol	NOUN
aiti-2529	319	33	.	.	PROPN
aiti-2529	319	34	74	74	NUM
aiti-2529	319	35	,	,	PUNCT
aiti-2529	319	36	no	no	INTJ
aiti-2529	319	37	.	.	NOUN
aiti-2529	319	38	1	1	NUM
aiti-2529	319	39	,	,	PUNCT
aiti-2529	319	40	pp	pp	ADJ
aiti-2529	319	41	.	.	PUNCT
aiti-2529	320	1	2	2	NUM
aiti-2529	320	2	-	-	SYM
aiti-2529	320	3	20	20	NUM
aiti-2529	320	4	,	,	PUNCT
aiti-2529	320	5	january	january	PROPN
aiti-2529	320	6	2008	2008	NUM
aiti-2529	320	7	.	.	PUNCT
aiti-2529	321	1	[	[	X
aiti-2529	321	2	17	17	NUM
aiti-2529	321	3	]	]	PUNCT
aiti-2529	321	4	k.	k.	PROPN
aiti-2529	321	5	m.	m.	PROPN
aiti-2529	321	6	hmieleski	hmieleski	PROPN
aiti-2529	321	7	and	and	CCONJ
aiti-2529	321	8	r.	r.	PROPN
aiti-2529	321	9	a.	a.	PROPN
aiti-2529	321	10	baron	baron	PROPN
aiti-2529	321	11	,	,	PUNCT
aiti-2529	321	12	“	"	PUNCT
aiti-2529	321	13	entrepreneurs	entrepreneur	NOUN
aiti-2529	321	14	’	'	PUNCT
aiti-2529	321	15	optimism	optimism	NOUN
aiti-2529	321	16	and	and	CCONJ
aiti-2529	321	17	new	new	ADJ
aiti-2529	321	18	venture	venture	NOUN
aiti-2529	321	19	performance	performance	NOUN
aiti-2529	321	20	:	:	PUNCT
aiti-2529	321	21	a	a	DET
aiti-2529	321	22	social	social	ADJ
aiti-2529	321	23	cognitive	cognitive	ADJ
aiti-2529	321	24	perspective	perspective	NOUN
aiti-2529	321	25	,	,	PUNCT
aiti-2529	321	26	”	"	PUNCT
aiti-2529	321	27	the	the	DET
aiti-2529	321	28	academy	academy	PROPN
aiti-2529	321	29	of	of	ADP
aiti-2529	321	30	management	management	PROPN
aiti-2529	321	31	review	review	PROPN
aiti-2529	321	32	,	,	PUNCT
aiti-2529	321	33	vol	vol	NOUN
aiti-2529	321	34	.	.	PROPN
aiti-2529	322	1	52	52	NUM
aiti-2529	322	2	,	,	PUNCT
aiti-2529	322	3	no	no	INTJ
aiti-2529	322	4	.	.	NOUN
aiti-2529	322	5	3	3	NUM
aiti-2529	322	6	,	,	PUNCT
aiti-2529	322	7	pp	pp	ADJ
aiti-2529	322	8	.	.	PUNCT
aiti-2529	323	1	473	473	NUM
aiti-2529	323	2	-	-	SYM
aiti-2529	323	3	488	488	NUM
aiti-2529	323	4	,	,	PUNCT
aiti-2529	323	5	2009	2009	NUM
aiti-2529	323	6	.	.	PUNCT
aiti-2529	324	1	[	[	X
aiti-2529	324	2	18	18	NUM
aiti-2529	324	3	]	]	X
aiti-2529	324	4	n.	n.	PROPN
aiti-2529	324	5	kumar	kumar	PROPN
aiti-2529	324	6	and	and	CCONJ
aiti-2529	324	7	n.	n.	PROPN
aiti-2529	324	8	s.	s.	PROPN
aiti-2529	324	9	siddharthan	siddharthan	PROPN
aiti-2529	324	10	,	,	PUNCT
aiti-2529	324	11	“	"	PUNCT
aiti-2529	324	12	technology	technology	NOUN
aiti-2529	324	13	,	,	PUNCT
aiti-2529	324	14	firm	firm	ADJ
aiti-2529	324	15	size	size	NOUN
aiti-2529	324	16	and	and	CCONJ
aiti-2529	324	17	export	export	NOUN
aiti-2529	324	18	behavior	behavior	NOUN
aiti-2529	324	19	in	in	ADP
aiti-2529	324	20	developing	develop	VERB
aiti-2529	324	21	countries	country	NOUN
aiti-2529	324	22	:	:	PUNCT
aiti-2529	324	23	the	the	DET
aiti-2529	324	24	case	case	NOUN
aiti-2529	324	25	of	of	ADP
aiti-2529	324	26	indian	indian	ADJ
aiti-2529	324	27	enterprises	enterprise	NOUN
aiti-2529	324	28	,	,	PUNCT
aiti-2529	324	29	”	"	PUNCT
aiti-2529	324	30	journal	journal	NOUN
aiti-2529	324	31	of	of	ADP
aiti-2529	324	32	development	development	NOUN
aiti-2529	324	33	studies	study	NOUN
aiti-2529	324	34	,	,	PUNCT
aiti-2529	324	35	vol	vol	NOUN
aiti-2529	324	36	.	.	PROPN
aiti-2529	324	37	31	31	NUM
aiti-2529	324	38	,	,	PUNCT
aiti-2529	324	39	no	no	INTJ
aiti-2529	324	40	.	.	NOUN
aiti-2529	324	41	2	2	NUM
aiti-2529	324	42	,	,	PUNCT
aiti-2529	324	43	pp	pp	ADJ
aiti-2529	324	44	.	.	PUNCT
aiti-2529	324	45	289	289	NUM
aiti-2529	324	46	-	-	SYM
aiti-2529	324	47	309	309	NUM
aiti-2529	324	48	,	,	PUNCT
aiti-2529	324	49	december	december	PROPN
aiti-2529	324	50	1994	1994	NUM
aiti-2529	324	51	.	.	PUNCT
aiti-2529	325	1	https://econpapers.repec.org/article/blastratm/	https://econpapers.repec.org/article/blastratm/	PROPN
aiti-2529	325	2	advances	advance	VERB
aiti-2529	325	3	in	in	ADP
aiti-2529	325	4	technology	technology	NOUN
aiti-2529	325	5	innovation	innovation	NOUN
aiti-2529	325	6	,	,	PUNCT
aiti-2529	325	7	vol	vol	NOUN
aiti-2529	325	8	.	.	PROPN
aiti-2529	325	9	4	4	NUM
aiti-2529	325	10	,	,	PUNCT
aiti-2529	325	11	no	no	INTJ
aiti-2529	325	12	.	.	NOUN
aiti-2529	325	13	1	1	NUM
aiti-2529	325	14	,	,	PUNCT
aiti-2529	325	15	2019	2019	NUM
aiti-2529	325	16	,	,	PUNCT
aiti-2529	325	17	pp	pp	ADV
aiti-2529	325	18	.	.	PUNCT
aiti-2529	326	1	44	44	NUM
aiti-2529	326	2	57	57	NUM
aiti-2529	326	3	57	57	NUM
aiti-2529	326	4	[	[	X
aiti-2529	326	5	19	19	NUM
aiti-2529	326	6	]	]	PUNCT
aiti-2529	326	7	a.	a.	NOUN
aiti-2529	326	8	chen	chen	PROPN
aiti-2529	326	9	,	,	PUNCT
aiti-2529	326	10	“	"	PUNCT
aiti-2529	326	11	taiwan	taiwan	PROPN
aiti-2529	326	12	’s	’s	PART
aiti-2529	326	13	paradigm	paradigm	NOUN
aiti-2529	326	14	shift	shift	NOUN
aiti-2529	326	15	:	:	PUNCT
aiti-2529	326	16	industrial	industrial	ADJ
aiti-2529	326	17	engineers	engineer	NOUN
aiti-2529	326	18	are	be	AUX
aiti-2529	326	19	shaping	shape	VERB
aiti-2529	326	20	a	a	DET
aiti-2529	326	21	nation	nation	NOUN
aiti-2529	326	22	,	,	PUNCT
aiti-2529	326	23	”	"	PUNCT
aiti-2529	326	24	industrial	industrial	ADJ
aiti-2529	326	25	engineer	engineer	NOUN
aiti-2529	326	26	,	,	PUNCT
aiti-2529	326	27	vol	vol	NOUN
aiti-2529	326	28	.	.	PROPN
aiti-2529	326	29	40	40	NUM
aiti-2529	326	30	,	,	PUNCT
aiti-2529	326	31	no	no	INTJ
aiti-2529	326	32	.	.	NOUN
aiti-2529	326	33	10	10	NUM
aiti-2529	326	34	,	,	PUNCT
aiti-2529	326	35	pp	pp	ADJ
aiti-2529	326	36	.	.	PUNCT
aiti-2529	327	1	31	31	NUM
aiti-2529	327	2	-	-	SYM
aiti-2529	327	3	34	34	NUM
aiti-2529	327	4	,	,	PUNCT
aiti-2529	327	5	october	october	PROPN
aiti-2529	327	6	2008	2008	NUM
aiti-2529	327	7	.	.	PUNCT
aiti-2529	328	1	[	[	X
aiti-2529	328	2	20	20	NUM
aiti-2529	328	3	]	]	X
aiti-2529	328	4	e.	e.	PROPN
aiti-2529	328	5	lundquist	lundquist	PROPN
aiti-2529	328	6	,	,	PUNCT
aiti-2529	328	7	“	"	PUNCT
aiti-2529	328	8	shih	shih	PROPN
aiti-2529	328	9	’s	’s	PART
aiti-2529	328	10	curve	curve	NOUN
aiti-2529	328	11	can	can	AUX
aiti-2529	328	12	bring	bring	VERB
aiti-2529	328	13	smiles	smile	NOUN
aiti-2529	328	14	,	,	PUNCT
aiti-2529	328	15	”	"	PUNCT
aiti-2529	328	16	eweek	eweek	NOUN
aiti-2529	328	17	,	,	PUNCT
aiti-2529	328	18	vol	vol	NOUN
aiti-2529	328	19	.	.	PROPN
aiti-2529	328	20	56	56	NUM
aiti-2529	328	21	,	,	PUNCT
aiti-2529	328	22	september	september	PROPN
aiti-2529	328	23	2007	2007	NUM
aiti-2529	328	24	.	.	PUNCT
aiti-2529	329	1	[	[	X
aiti-2529	329	2	21	21	NUM
aiti-2529	329	3	]	]	X
aiti-2529	329	4	f.	f.	PROPN
aiti-2529	329	5	j.	j.	PROPN
aiti-2529	329	6	lin	lin	PROPN
aiti-2529	329	7	,	,	PUNCT
aiti-2529	329	8	“	"	PUNCT
aiti-2529	329	9	the	the	DET
aiti-2529	329	10	determinants	determinant	NOUN
aiti-2529	329	11	of	of	ADP
aiti-2529	329	12	foreign	foreign	ADJ
aiti-2529	329	13	direct	direct	ADJ
aiti-2529	329	14	investment	investment	NOUN
aiti-2529	329	15	in	in	ADP
aiti-2529	329	16	china	china	PROPN
aiti-2529	329	17	:	:	PUNCT
aiti-2529	329	18	the	the	DET
aiti-2529	329	19	case	case	NOUN
aiti-2529	329	20	of	of	ADP
aiti-2529	329	21	taiwanese	taiwanese	ADJ
aiti-2529	329	22	firms	firm	NOUN
aiti-2529	329	23	in	in	ADP
aiti-2529	329	24	the	the	DET
aiti-2529	329	25	it	it	NOUN
aiti-2529	329	26	industry	industry	NOUN
aiti-2529	329	27	,	,	PUNCT
aiti-2529	329	28	”	"	PUNCT
aiti-2529	329	29	journal	journal	NOUN
aiti-2529	329	30	of	of	ADP
aiti-2529	329	31	business	business	NOUN
aiti-2529	329	32	research	research	NOUN
aiti-2529	329	33	,	,	PUNCT
aiti-2529	329	34	vol	vol	NOUN
aiti-2529	329	35	.	.	PROPN
aiti-2529	329	36	63	63	NUM
aiti-2529	329	37	,	,	PUNCT
aiti-2529	329	38	no	no	INTJ
aiti-2529	329	39	.	.	NOUN
aiti-2529	329	40	5	5	NUM
aiti-2529	329	41	,	,	PUNCT
aiti-2529	329	42	pp	pp	ADJ
aiti-2529	329	43	.	.	PUNCT
aiti-2529	330	1	479	479	NUM
aiti-2529	330	2	-	-	SYM
aiti-2529	330	3	485	485	NUM
aiti-2529	330	4	,	,	PUNCT
aiti-2529	330	5	may	may	AUX
aiti-2529	330	6	2010	2010	NUM
aiti-2529	330	7	.	.	PUNCT
aiti-2529	331	1	[	[	X
aiti-2529	331	2	22	22	NUM
aiti-2529	331	3	]	]	PUNCT
aiti-2529	331	4	j.	j.	PROPN
aiti-2529	331	5	r.	r.	PROPN
aiti-2529	331	6	lin	lin	PROPN
aiti-2529	331	7	,	,	PUNCT
aiti-2529	331	8	c.	c.	PROPN
aiti-2529	331	9	j.	j.	PROPN
aiti-2529	331	10	huang	huang	PROPN
aiti-2529	331	11	,	,	PUNCT
aiti-2529	331	12	and	and	CCONJ
aiti-2529	331	13	c.	c.	PROPN
aiti-2529	331	14	h.	h.	PROPN
aiti-2529	331	15	hsieh	hsieh	PROPN
aiti-2529	331	16	,	,	PUNCT
aiti-2529	331	17	“	"	PUNCT
aiti-2529	331	18	internationalization	internationalization	NOUN
aiti-2529	331	19	,	,	PUNCT
aiti-2529	331	20	domestic	domestic	ADJ
aiti-2529	331	21	employment	employment	NOUN
aiti-2529	331	22	,	,	PUNCT
aiti-2529	331	23	and	and	CCONJ
aiti-2529	331	24	overstatement	overstatement	NOUN
aiti-2529	331	25	of	of	ADP
aiti-2529	331	26	export	export	NOUN
aiti-2529	331	27	contribution	contribution	NOUN
aiti-2529	331	28	,	,	PUNCT
aiti-2529	331	29	”	"	PUNCT
aiti-2529	331	30	taipei	taipei	PROPN
aiti-2529	331	31	economic	economic	ADJ
aiti-2529	331	32	inquiry	inquiry	NOUN
aiti-2529	331	33	,	,	PUNCT
aiti-2529	331	34	vol	vol	NOUN
aiti-2529	331	35	.	.	PROPN
aiti-2529	331	36	51	51	NUM
aiti-2529	331	37	,	,	PUNCT
aiti-2529	331	38	no	no	INTJ
aiti-2529	331	39	.	.	NOUN
aiti-2529	331	40	1	1	NUM
aiti-2529	331	41	,	,	PUNCT
aiti-2529	331	42	pp	pp	ADJ
aiti-2529	331	43	.	.	PUNCT
aiti-2529	332	1	135	135	NUM
aiti-2529	332	2	-	-	SYM
aiti-2529	332	3	169	169	NUM
aiti-2529	332	4	,	,	PUNCT
aiti-2529	332	5	2015	2015	NUM
aiti-2529	332	6	.	.	PUNCT
aiti-2529	333	1	copyright	copyright	NOUN
aiti-2529	333	2	©	©	PROPN
aiti-2529	333	3	by	by	ADP
aiti-2529	333	4	the	the	DET
aiti-2529	333	5	authors	author	NOUN
aiti-2529	333	6	.	.	PUNCT
aiti-2529	334	1	licensee	licensee	PROPN
aiti-2529	334	2	taeti	taeti	PROPN
aiti-2529	334	3	,	,	PUNCT
aiti-2529	334	4	taiwan	taiwan	PROPN
aiti-2529	334	5	.	.	PUNCT
aiti-2529	335	1	this	this	DET
aiti-2529	335	2	article	article	NOUN
aiti-2529	335	3	is	be	AUX
aiti-2529	335	4	an	an	DET
aiti-2529	335	5	open	open	ADJ
aiti-2529	335	6	access	access	NOUN
aiti-2529	335	7	article	article	NOUN
aiti-2529	335	8	distributed	distribute	VERB
aiti-2529	335	9	under	under	ADP
aiti-2529	335	10	the	the	DET
aiti-2529	335	11	terms	term	NOUN
aiti-2529	335	12	and	and	CCONJ
aiti-2529	335	13	conditions	condition	NOUN
aiti-2529	335	14	of	of	ADP
aiti-2529	335	15	the	the	DET
aiti-2529	335	16	creative	creative	ADJ
aiti-2529	335	17	commons	common	NOUN
aiti-2529	335	18	attribution	attribution	NOUN
aiti-2529	335	19	(	(	PUNCT
aiti-2529	335	20	cc	cc	NOUN
aiti-2529	335	21	by	by	ADP
aiti-2529	335	22	-	-	PUNCT
aiti-2529	335	23	nc	nc	NOUN
aiti-2529	335	24	)	)	PUNCT
aiti-2529	335	25	license	license	NOUN
aiti-2529	335	26	(	(	PUNCT
aiti-2529	335	27	https://creativecommons.org/licenses/by-nc/4.0/	https://creativecommons.org/licenses/by-nc/4.0/	NOUN
aiti-2529	335	28	)	)	PUNCT
aiti-2529	335	29	.	.	PUNCT