id	sid	tid	token	lemma	pos
afs-88257	1	1	agricultural	agricultural	ADJ
afs-88257	1	2	and	and	CCONJ
afs-88257	1	3	food	food	NOUN
afs-88257	1	4	science	science	NOUN
afs-88257	1	5	s.	s.	PROPN
afs-88257	1	6	zabolotnyy	zabolotnyy	PROPN
afs-88257	1	7	&	&	CCONJ
afs-88257	1	8	t.	t.	PROPN
afs-88257	1	9	sipiläinen	sipiläinen	PROPN
afs-88257	1	10	(	(	PUNCT
afs-88257	1	11	2020	2020	NUM
afs-88257	1	12	)	)	PUNCT
afs-88257	1	13	29	29	NUM
afs-88257	1	14	:	:	PUNCT
afs-88257	1	15	239–249	239–249	NUM
afs-88257	1	16	239	239	NUM
afs-88257	1	17	a	a	DET
afs-88257	1	18	comparison	comparison	NOUN
afs-88257	1	19	of	of	ADP
afs-88257	1	20	strategies	strategy	NOUN
afs-88257	1	21	for	for	ADP
afs-88257	1	22	working	work	VERB
afs-88257	1	23	capital	capital	NOUN
afs-88257	1	24	management	management	NOUN
afs-88257	1	25	of	of	ADP
afs-88257	1	26	listed	list	VERB
afs-88257	1	27	food	food	NOUN
afs-88257	1	28	companies	company	NOUN
afs-88257	1	29	from	from	ADP
afs-88257	1	30	northern	northern	PROPN
afs-88257	1	31	europe	europe	PROPN
afs-88257	1	32	serhiy	serhiy	PROPN
afs-88257	1	33	zabolotnyy1	zabolotnyy1	PROPN
afs-88257	1	34	and	and	CCONJ
afs-88257	1	35	timo	timo	VERB
afs-88257	1	36	sipiläinen2	sipiläinen2	PROPN
afs-88257	1	37	1department	1department	NUM
afs-88257	1	38	of	of	ADP
afs-88257	1	39	finance	finance	NOUN
afs-88257	1	40	,	,	PUNCT
afs-88257	1	41	warsaw	warsaw	PROPN
afs-88257	1	42	university	university	PROPN
afs-88257	1	43	of	of	ADP
afs-88257	1	44	life	life	NOUN
afs-88257	1	45	sciences	sciences	PROPN
afs-88257	1	46	–	–	PUNCT
afs-88257	1	47	sggw	sggw	NOUN
afs-88257	1	48	,	,	PUNCT
afs-88257	1	49	poland	poland	PROPN
afs-88257	1	50	2department	2department	NUM
afs-88257	1	51	of	of	ADP
afs-88257	1	52	economics	economic	NOUN
afs-88257	1	53	and	and	CCONJ
afs-88257	1	54	management	management	NOUN
afs-88257	1	55	,	,	PUNCT
afs-88257	1	56	university	university	NOUN
afs-88257	1	57	of	of	ADP
afs-88257	1	58	helsinki	helsinki	PROPN
afs-88257	1	59	,	,	PUNCT
afs-88257	1	60	finland	finland	PROPN
afs-88257	1	61	e	e	PROPN
afs-88257	1	62	-	-	NOUN
afs-88257	1	63	mail	mail	NOUN
afs-88257	1	64	:	:	PUNCT
afs-88257	1	65	serhiy_zabolotnyy@sggw.pl	serhiy_zabolotnyy@sggw.pl	PROPN
afs-88257	1	66	the	the	DET
afs-88257	1	67	research	research	NOUN
afs-88257	1	68	presents	present	VERB
afs-88257	1	69	the	the	DET
afs-88257	1	70	application	application	NOUN
afs-88257	1	71	of	of	ADP
afs-88257	1	72	fuzzy	fuzzy	ADJ
afs-88257	1	73	logic	logic	NOUN
afs-88257	1	74	for	for	ADP
afs-88257	1	75	synthetic	synthetic	ADJ
afs-88257	1	76	evaluation	evaluation	NOUN
afs-88257	1	77	of	of	ADP
afs-88257	1	78	strategies	strategy	NOUN
afs-88257	1	79	for	for	ADP
afs-88257	1	80	working	work	VERB
afs-88257	1	81	capital	capital	NOUN
afs-88257	1	82	management	management	NOUN
afs-88257	1	83	of	of	ADP
afs-88257	1	84	twelve	twelve	NUM
afs-88257	1	85	food	food	NOUN
afs-88257	1	86	companies	company	NOUN
afs-88257	1	87	from	from	ADP
afs-88257	1	88	northern	northern	PROPN
afs-88257	1	89	europe	europe	PROPN
afs-88257	1	90	in	in	ADP
afs-88257	1	91	2005–2015	2005–2015	NUM
afs-88257	1	92	.	.	PUNCT
afs-88257	2	1	a	a	DET
afs-88257	2	2	set	set	NOUN
afs-88257	2	3	of	of	ADP
afs-88257	2	4	financial	financial	ADJ
afs-88257	2	5	ratios	ratio	NOUN
afs-88257	2	6	formed	form	VERB
afs-88257	2	7	an	an	DET
afs-88257	2	8	aggregated	aggregated	ADJ
afs-88257	2	9	indicator	indicator	NOUN
afs-88257	2	10	reflecting	reflect	VERB
afs-88257	2	11	the	the	DET
afs-88257	2	12	complexity	complexity	NOUN
afs-88257	2	13	of	of	ADP
afs-88257	2	14	relationships	relationship	NOUN
afs-88257	2	15	between	between	ADP
afs-88257	2	16	the	the	DET
afs-88257	2	17	level	level	NOUN
afs-88257	2	18	and	and	CCONJ
afs-88257	2	19	structure	structure	NOUN
afs-88257	2	20	of	of	ADP
afs-88257	2	21	current	current	ADJ
afs-88257	2	22	assets	asset	NOUN
afs-88257	2	23	and	and	CCONJ
afs-88257	2	24	liabilities	liability	NOUN
afs-88257	2	25	of	of	ADP
afs-88257	2	26	a	a	DET
afs-88257	2	27	firm	firm	NOUN
afs-88257	2	28	.	.	PUNCT
afs-88257	3	1	based	base	VERB
afs-88257	3	2	on	on	ADP
afs-88257	3	3	the	the	DET
afs-88257	3	4	proposed	propose	VERB
afs-88257	3	5	indicator	indicator	NOUN
afs-88257	3	6	,	,	PUNCT
afs-88257	3	7	four	four	NUM
afs-88257	3	8	types	type	NOUN
afs-88257	3	9	of	of	ADP
afs-88257	3	10	strategies	strategy	NOUN
afs-88257	3	11	for	for	ADP
afs-88257	3	12	working	work	VERB
afs-88257	3	13	capital	capital	NOUN
afs-88257	3	14	management	management	NOUN
afs-88257	3	15	were	be	AUX
afs-88257	3	16	identified	identify	VERB
afs-88257	3	17	and	and	CCONJ
afs-88257	3	18	characterized	characterize	VERB
afs-88257	3	19	in	in	ADP
afs-88257	3	20	terms	term	NOUN
afs-88257	3	21	of	of	ADP
afs-88257	3	22	risk	risk	NOUN
afs-88257	3	23	and	and	CCONJ
afs-88257	3	24	return	return	VERB
afs-88257	3	25	preferences	preference	NOUN
afs-88257	3	26	.	.	PUNCT
afs-88257	4	1	only	only	ADV
afs-88257	4	2	a	a	DET
afs-88257	4	3	few	few	ADJ
afs-88257	4	4	companies	company	NOUN
afs-88257	4	5	from	from	ADP
afs-88257	4	6	the	the	DET
afs-88257	4	7	sample	sample	NOUN
afs-88257	4	8	demonstrated	demonstrate	VERB
afs-88257	4	9	a	a	DET
afs-88257	4	10	direct	direct	ADJ
afs-88257	4	11	orientation	orientation	NOUN
afs-88257	4	12	on	on	ADP
afs-88257	4	13	liquidity	liquidity	NOUN
afs-88257	4	14	or	or	CCONJ
afs-88257	4	15	value	value	NOUN
afs-88257	4	16	within	within	ADP
afs-88257	4	17	their	their	PRON
afs-88257	4	18	strategies	strategy	NOUN
afs-88257	4	19	for	for	ADP
afs-88257	4	20	working	work	VERB
afs-88257	4	21	capital	capital	NOUN
afs-88257	4	22	management	management	NOUN
afs-88257	4	23	.	.	PUNCT
afs-88257	5	1	to	to	PART
afs-88257	5	2	retain	retain	VERB
afs-88257	5	3	flexibility	flexibility	NOUN
afs-88257	5	4	in	in	ADP
afs-88257	5	5	short	short	ADJ
afs-88257	5	6	-	-	PUNCT
afs-88257	5	7	term	term	NOUN
afs-88257	5	8	financial	financial	ADJ
afs-88257	5	9	management	management	NOUN
afs-88257	5	10	,	,	PUNCT
afs-88257	5	11	most	most	ADJ
afs-88257	5	12	firms	firm	NOUN
afs-88257	5	13	applied	apply	VERB
afs-88257	5	14	moderate	moderate	ADJ
afs-88257	5	15	policies	policy	NOUN
afs-88257	5	16	for	for	ADP
afs-88257	5	17	current	current	ADJ
afs-88257	5	18	assets	asset	NOUN
afs-88257	5	19	and	and	CCONJ
afs-88257	5	20	liabilities	liability	NOUN
afs-88257	5	21	that	that	PRON
afs-88257	5	22	helped	help	VERB
afs-88257	5	23	them	they	PRON
afs-88257	5	24	in	in	ADP
afs-88257	5	25	maintaining	maintain	VERB
afs-88257	5	26	liquidity	liquidity	NOUN
afs-88257	5	27	and	and	CCONJ
afs-88257	5	28	reducing	reduce	VERB
afs-88257	5	29	the	the	DET
afs-88257	5	30	cost	cost	NOUN
afs-88257	5	31	of	of	ADP
afs-88257	5	32	financing	financing	NOUN
afs-88257	5	33	.	.	PUNCT
afs-88257	6	1	the	the	DET
afs-88257	6	2	integrity	integrity	NOUN
afs-88257	6	3	of	of	ADP
afs-88257	6	4	the	the	DET
afs-88257	6	5	proposed	propose	VERB
afs-88257	6	6	method	method	NOUN
afs-88257	6	7	for	for	ADP
afs-88257	6	8	the	the	DET
afs-88257	6	9	synthetic	synthetic	ADJ
afs-88257	6	10	evaluation	evaluation	NOUN
afs-88257	6	11	of	of	ADP
afs-88257	6	12	working	work	VERB
afs-88257	6	13	capital	capital	NOUN
afs-88257	6	14	management	management	NOUN
afs-88257	6	15	makes	make	VERB
afs-88257	6	16	it	it	PRON
afs-88257	6	17	a	a	DET
afs-88257	6	18	convenient	convenient	ADJ
afs-88257	6	19	managerial	managerial	ADJ
afs-88257	6	20	tool	tool	NOUN
afs-88257	6	21	suitable	suitable	ADJ
afs-88257	6	22	for	for	ADP
afs-88257	6	23	use	use	NOUN
afs-88257	6	24	in	in	ADP
afs-88257	6	25	firms	firm	NOUN
afs-88257	6	26	operating	operate	VERB
afs-88257	6	27	in	in	ADP
afs-88257	6	28	a	a	DET
afs-88257	6	29	turbulent	turbulent	ADJ
afs-88257	6	30	business	business	NOUN
afs-88257	6	31	environment	environment	NOUN
afs-88257	6	32	.	.	PUNCT
afs-88257	7	1	key	key	ADJ
afs-88257	7	2	words	word	NOUN
afs-88257	7	3	:	:	PUNCT
afs-88257	7	4	food	food	NOUN
afs-88257	7	5	industry	industry	NOUN
afs-88257	7	6	,	,	PUNCT
afs-88257	7	7	finance	finance	NOUN
afs-88257	7	8	,	,	PUNCT
afs-88257	7	9	liquidity	liquidity	NOUN
afs-88257	7	10	,	,	PUNCT
afs-88257	7	11	fuzzy	fuzzy	ADJ
afs-88257	7	12	logic	logic	NOUN
afs-88257	7	13	introduction	introduction	NOUN
afs-88257	7	14	since	since	SCONJ
afs-88257	7	15	working	work	VERB
afs-88257	7	16	capital	capital	NOUN
afs-88257	7	17	is	be	AUX
afs-88257	7	18	one	one	NUM
afs-88257	7	19	of	of	ADP
afs-88257	7	20	the	the	DET
afs-88257	7	21	principal	principal	ADJ
afs-88257	7	22	drivers	driver	NOUN
afs-88257	7	23	of	of	ADP
afs-88257	7	24	value	value	NOUN
afs-88257	7	25	in	in	ADP
afs-88257	7	26	a	a	DET
afs-88257	7	27	company	company	NOUN
afs-88257	7	28	,	,	PUNCT
afs-88257	7	29	its	its	PRON
afs-88257	7	30	scarcity	scarcity	NOUN
afs-88257	7	31	causes	cause	VERB
afs-88257	7	32	many	many	ADJ
afs-88257	7	33	adverse	adverse	ADJ
afs-88257	7	34	effects	effect	NOUN
afs-88257	7	35	beginning	begin	VERB
afs-88257	7	36	with	with	ADP
afs-88257	7	37	gaps	gap	NOUN
afs-88257	7	38	in	in	ADP
afs-88257	7	39	financing	finance	VERB
afs-88257	7	40	current	current	ADJ
afs-88257	7	41	operations	operation	NOUN
afs-88257	7	42	and	and	CCONJ
afs-88257	7	43	ending	end	VERB
afs-88257	7	44	with	with	ADP
afs-88257	7	45	insolvency	insolvency	NOUN
afs-88257	7	46	in	in	ADP
afs-88257	7	47	the	the	DET
afs-88257	7	48	long	long	ADJ
afs-88257	7	49	-	-	PUNCT
afs-88257	7	50	term	term	NOUN
afs-88257	7	51	(	(	PUNCT
afs-88257	7	52	deloof	deloof	NOUN
afs-88257	7	53	2003	2003	NUM
afs-88257	7	54	,	,	PUNCT
afs-88257	7	55	chatterjee	chatterjee	PROPN
afs-88257	7	56	2012	2012	NUM
afs-88257	7	57	,	,	PUNCT
afs-88257	7	58	vural	vural	PROPN
afs-88257	7	59	et	et	PROPN
afs-88257	7	60	al	al	PROPN
afs-88257	7	61	.	.	PROPN
afs-88257	7	62	2012	2012	NUM
afs-88257	7	63	)	)	PUNCT
afs-88257	7	64	.	.	PUNCT
afs-88257	8	1	in	in	ADP
afs-88257	8	2	many	many	ADJ
afs-88257	8	3	cases	case	NOUN
afs-88257	8	4	,	,	PUNCT
afs-88257	8	5	the	the	DET
afs-88257	8	6	imperfections	imperfection	NOUN
afs-88257	8	7	in	in	ADP
afs-88257	8	8	working	work	VERB
afs-88257	8	9	capital	capital	NOUN
afs-88257	8	10	management	management	NOUN
afs-88257	8	11	result	result	NOUN
afs-88257	8	12	in	in	ADP
afs-88257	8	13	a	a	DET
afs-88257	8	14	decrease	decrease	NOUN
afs-88257	8	15	in	in	ADP
afs-88257	8	16	the	the	DET
afs-88257	8	17	market	market	NOUN
afs-88257	8	18	value	value	NOUN
afs-88257	8	19	and	and	CCONJ
afs-88257	8	20	a	a	DET
afs-88257	8	21	significant	significant	ADJ
afs-88257	8	22	rise	rise	NOUN
afs-88257	8	23	in	in	ADP
afs-88257	8	24	the	the	DET
afs-88257	8	25	risk	risk	NOUN
afs-88257	8	26	of	of	ADP
afs-88257	8	27	liquidity	liquidity	NOUN
afs-88257	8	28	,	,	PUNCT
afs-88257	8	29	which	which	PRON
afs-88257	8	30	commonly	commonly	ADV
afs-88257	8	31	refers	refer	VERB
afs-88257	8	32	to	to	ADP
afs-88257	8	33	the	the	DET
afs-88257	8	34	inability	inability	NOUN
afs-88257	8	35	to	to	PART
afs-88257	8	36	pay	pay	VERB
afs-88257	8	37	current	current	ADJ
afs-88257	8	38	liabilities	liability	NOUN
afs-88257	8	39	(	(	PUNCT
afs-88257	8	40	baños	baños	PROPN
afs-88257	8	41	-	-	PUNCT
afs-88257	8	42	caballero	caballero	PROPN
afs-88257	8	43	et	et	PROPN
afs-88257	8	44	al	al	PROPN
afs-88257	8	45	.	.	PROPN
afs-88257	8	46	2019	2019	NUM
afs-88257	8	47	)	)	PUNCT
afs-88257	8	48	.	.	PUNCT
afs-88257	9	1	therefore	therefore	ADV
afs-88257	9	2	,	,	PUNCT
afs-88257	9	3	managers	manager	NOUN
afs-88257	9	4	balance	balance	VERB
afs-88257	9	5	the	the	DET
afs-88257	9	6	level	level	NOUN
afs-88257	9	7	of	of	ADP
afs-88257	9	8	the	the	DET
afs-88257	9	9	working	work	VERB
afs-88257	9	10	capital	capital	NOUN
afs-88257	9	11	to	to	PART
afs-88257	9	12	mitigate	mitigate	VERB
afs-88257	9	13	the	the	DET
afs-88257	9	14	negative	negative	ADJ
afs-88257	9	15	impact	impact	NOUN
afs-88257	9	16	of	of	ADP
afs-88257	9	17	a	a	DET
afs-88257	9	18	trade	trade	NOUN
afs-88257	9	19	-	-	PUNCT
afs-88257	9	20	off	off	NOUN
afs-88257	9	21	between	between	ADP
afs-88257	9	22	risk	risk	NOUN
afs-88257	9	23	and	and	CCONJ
afs-88257	9	24	return	return	NOUN
afs-88257	9	25	(	(	PUNCT
afs-88257	9	26	apak	apak	PROPN
afs-88257	9	27	et	et	PROPN
afs-88257	9	28	al	al	PROPN
afs-88257	9	29	.	.	PROPN
afs-88257	9	30	2016	2016	NUM
afs-88257	9	31	,	,	PUNCT
afs-88257	9	32	huang	huang	PROPN
afs-88257	9	33	and	and	CCONJ
afs-88257	9	34	mazouz	mazouz	PROPN
afs-88257	9	35	2018	2018	NUM
afs-88257	9	36	,	,	PUNCT
afs-88257	9	37	peng	peng	PROPN
afs-88257	9	38	and	and	CCONJ
afs-88257	9	39	zhou	zhou	PROPN
afs-88257	9	40	2019	2019	NUM
afs-88257	9	41	)	)	PUNCT
afs-88257	9	42	.	.	PUNCT
afs-88257	10	1	the	the	DET
afs-88257	10	2	application	application	NOUN
afs-88257	10	3	of	of	ADP
afs-88257	10	4	such	such	DET
afs-88257	10	5	an	an	DET
afs-88257	10	6	approach	approach	NOUN
afs-88257	10	7	supports	support	VERB
afs-88257	10	8	the	the	DET
afs-88257	10	9	continuity	continuity	NOUN
afs-88257	10	10	of	of	ADP
afs-88257	10	11	business	business	NOUN
afs-88257	10	12	and	and	CCONJ
afs-88257	10	13	provides	provide	VERB
afs-88257	10	14	a	a	DET
afs-88257	10	15	sufficient	sufficient	ADJ
afs-88257	10	16	return	return	NOUN
afs-88257	10	17	on	on	ADP
afs-88257	10	18	assets	asset	NOUN
afs-88257	10	19	.	.	PUNCT
afs-88257	11	1	it	it	PRON
afs-88257	11	2	also	also	ADV
afs-88257	11	3	requires	require	VERB
afs-88257	11	4	a	a	DET
afs-88257	11	5	profound	profound	ADJ
afs-88257	11	6	policy	policy	NOUN
afs-88257	11	7	or	or	CCONJ
afs-88257	11	8	strategy	strategy	NOUN
afs-88257	11	9	for	for	ADP
afs-88257	11	10	working	work	VERB
afs-88257	11	11	capital	capital	NOUN
afs-88257	11	12	management	management	NOUN
afs-88257	11	13	that	that	PRON
afs-88257	11	14	perfectly	perfectly	ADV
afs-88257	11	15	fits	fit	VERB
afs-88257	11	16	the	the	DET
afs-88257	11	17	specific	specific	ADJ
afs-88257	11	18	goals	goal	NOUN
afs-88257	11	19	of	of	ADP
afs-88257	11	20	the	the	DET
afs-88257	11	21	company	company	NOUN
afs-88257	11	22	and	and	CCONJ
afs-88257	11	23	its	its	PRON
afs-88257	11	24	shareholders	shareholder	NOUN
afs-88257	11	25	.	.	PUNCT
afs-88257	12	1	some	some	DET
afs-88257	12	2	types	type	NOUN
afs-88257	12	3	of	of	ADP
afs-88257	12	4	these	these	DET
afs-88257	12	5	strategies	strategy	NOUN
afs-88257	12	6	focus	focus	VERB
afs-88257	12	7	on	on	ADP
afs-88257	12	8	the	the	DET
afs-88257	12	9	value	value	NOUN
afs-88257	12	10	of	of	ADP
afs-88257	12	11	a	a	DET
afs-88257	12	12	firm	firm	NOUN
afs-88257	12	13	and	and	CCONJ
afs-88257	12	14	increase	increase	VERB
afs-88257	12	15	the	the	DET
afs-88257	12	16	risk	risk	NOUN
afs-88257	12	17	of	of	ADP
afs-88257	12	18	liquidity	liquidity	NOUN
afs-88257	12	19	,	,	PUNCT
afs-88257	12	20	while	while	SCONJ
afs-88257	12	21	others	other	NOUN
afs-88257	12	22	maximize	maximize	VERB
afs-88257	12	23	solvency	solvency	NOUN
afs-88257	12	24	and	and	CCONJ
afs-88257	12	25	consequently	consequently	ADV
afs-88257	12	26	reduce	reduce	VERB
afs-88257	12	27	the	the	DET
afs-88257	12	28	return	return	NOUN
afs-88257	12	29	on	on	ADP
afs-88257	12	30	equity	equity	NOUN
afs-88257	12	31	.	.	PUNCT
afs-88257	13	1	besides	besides	SCONJ
afs-88257	13	2	,	,	PUNCT
afs-88257	13	3	vast	vast	ADJ
afs-88257	13	4	empirical	empirical	ADJ
afs-88257	13	5	evidence	evidence	NOUN
afs-88257	13	6	confirms	confirm	VERB
afs-88257	13	7	that	that	SCONJ
afs-88257	13	8	various	various	ADJ
afs-88257	13	9	policies	policy	NOUN
afs-88257	13	10	for	for	ADP
afs-88257	13	11	working	work	VERB
afs-88257	13	12	capital	capital	NOUN
afs-88257	13	13	management	management	NOUN
afs-88257	13	14	influence	influence	NOUN
afs-88257	13	15	both	both	CCONJ
afs-88257	13	16	the	the	DET
afs-88257	13	17	value	value	NOUN
afs-88257	13	18	and	and	CCONJ
afs-88257	13	19	liquidity	liquidity	NOUN
afs-88257	13	20	of	of	ADP
afs-88257	13	21	a	a	DET
afs-88257	13	22	firm	firm	NOUN
afs-88257	13	23	(	(	PUNCT
afs-88257	13	24	de	de	PROPN
afs-88257	13	25	almeida	almeida	PROPN
afs-88257	13	26	and	and	CCONJ
afs-88257	13	27	eid	eid	PROPN
afs-88257	13	28	2014	2014	NUM
afs-88257	13	29	,	,	PUNCT
afs-88257	13	30	aktas	akta	NOUN
afs-88257	13	31	et	et	PROPN
afs-88257	13	32	al	al	PROPN
afs-88257	13	33	.	.	PROPN
afs-88257	13	34	2015	2015	NUM
afs-88257	13	35	,	,	PUNCT
afs-88257	13	36	wieczorek	wieczorek	NOUN
afs-88257	13	37	-	-	PUNCT
afs-88257	13	38	kosmala	kosmala	NOUN
afs-88257	13	39	et	et	PROPN
afs-88257	13	40	al	al	PROPN
afs-88257	13	41	.	.	PROPN
afs-88257	13	42	2016	2016	NUM
afs-88257	13	43	)	)	PUNCT
afs-88257	13	44	.	.	PUNCT
afs-88257	14	1	however	however	ADV
afs-88257	14	2	,	,	PUNCT
afs-88257	14	3	the	the	DET
afs-88257	14	4	relationship	relationship	NOUN
afs-88257	14	5	between	between	ADP
afs-88257	14	6	these	these	DET
afs-88257	14	7	categories	category	NOUN
afs-88257	14	8	is	be	AUX
afs-88257	14	9	not	not	PART
afs-88257	14	10	straightforward	straightforward	ADJ
afs-88257	14	11	and	and	CCONJ
afs-88257	14	12	remains	remain	VERB
afs-88257	14	13	subject	subject	ADJ
afs-88257	14	14	to	to	ADP
afs-88257	14	15	many	many	ADJ
afs-88257	14	16	economic	economic	ADJ
afs-88257	14	17	factors	factor	NOUN
afs-88257	14	18	(	(	PUNCT
afs-88257	14	19	enqvist	enqvist	NOUN
afs-88257	14	20	et	et	PROPN
afs-88257	14	21	al	al	PROPN
afs-88257	14	22	.	.	PROPN
afs-88257	14	23	2014	2014	NUM
afs-88257	14	24	,	,	PUNCT
afs-88257	14	25	çelik	çelik	PROPN
afs-88257	14	26	et	et	PROPN
afs-88257	14	27	al	al	PROPN
afs-88257	14	28	.	.	PROPN
afs-88257	14	29	2016	2016	NUM
afs-88257	14	30	,	,	PUNCT
afs-88257	14	31	pirttilä	pirttilä	NOUN
afs-88257	14	32	et	et	PROPN
afs-88257	14	33	al	al	PROPN
afs-88257	14	34	.	.	PROPN
afs-88257	14	35	2019	2019	NUM
afs-88257	14	36	,	,	PUNCT
afs-88257	14	37	tsuruta	tsuruta	ADV
afs-88257	14	38	2019	2019	NUM
afs-88257	14	39	)	)	PUNCT
afs-88257	14	40	.	.	PUNCT
afs-88257	15	1	the	the	DET
afs-88257	15	2	popular	popular	ADJ
afs-88257	15	3	method	method	NOUN
afs-88257	15	4	of	of	ADP
afs-88257	15	5	exploring	explore	VERB
afs-88257	15	6	working	work	VERB
afs-88257	15	7	capital	capital	NOUN
afs-88257	15	8	refers	refer	VERB
afs-88257	15	9	to	to	ADP
afs-88257	15	10	the	the	DET
afs-88257	15	11	application	application	NOUN
afs-88257	15	12	of	of	ADP
afs-88257	15	13	traditional	traditional	ADJ
afs-88257	15	14	financial	financial	ADJ
afs-88257	15	15	measures	measure	NOUN
afs-88257	15	16	such	such	ADJ
afs-88257	15	17	as	as	ADP
afs-88257	15	18	liquidity	liquidity	NOUN
afs-88257	15	19	or	or	CCONJ
afs-88257	15	20	turnover	turnover	NOUN
afs-88257	15	21	ratios	ratio	NOUN
afs-88257	15	22	(	(	PUNCT
afs-88257	15	23	kasiran	kasiran	VERB
afs-88257	15	24	et	et	PROPN
afs-88257	15	25	al	al	PROPN
afs-88257	15	26	.	.	PROPN
afs-88257	15	27	2016	2016	NUM
afs-88257	15	28	,	,	PUNCT
afs-88257	15	29	dar	dar	NOUN
afs-88257	15	30	and	and	CCONJ
afs-88257	15	31	dar	dar	PROPN
afs-88257	15	32	2017	2017	NUM
afs-88257	15	33	)	)	PUNCT
afs-88257	15	34	.	.	PUNCT
afs-88257	16	1	the	the	DET
afs-88257	16	2	shortcoming	shortcoming	NOUN
afs-88257	16	3	of	of	ADP
afs-88257	16	4	this	this	DET
afs-88257	16	5	approach	approach	NOUN
afs-88257	16	6	lies	lie	VERB
afs-88257	16	7	in	in	ADP
afs-88257	16	8	the	the	DET
afs-88257	16	9	inability	inability	NOUN
afs-88257	16	10	to	to	PART
afs-88257	16	11	integrate	integrate	VERB
afs-88257	16	12	fragmentary	fragmentary	ADJ
afs-88257	16	13	results	result	NOUN
afs-88257	16	14	of	of	ADP
afs-88257	16	15	evaluation	evaluation	NOUN
afs-88257	16	16	into	into	ADP
afs-88257	16	17	the	the	DET
afs-88257	16	18	overall	overall	ADJ
afs-88257	16	19	model	model	NOUN
afs-88257	16	20	of	of	ADP
afs-88257	16	21	risk	risk	NOUN
afs-88257	16	22	management	management	NOUN
afs-88257	16	23	and	and	CCONJ
afs-88257	16	24	fit	fit	VERB
afs-88257	16	25	it	it	PRON
afs-88257	16	26	in	in	ADP
afs-88257	16	27	the	the	DET
afs-88257	16	28	managerial	managerial	ADJ
afs-88257	16	29	decision	decision	NOUN
afs-88257	16	30	-	-	PUNCT
afs-88257	16	31	making	make	VERB
afs-88257	16	32	process	process	NOUN
afs-88257	16	33	(	(	PUNCT
afs-88257	16	34	trigueiros	trigueiros	PROPN
afs-88257	16	35	1994	1994	NUM
afs-88257	16	36	)	)	PUNCT
afs-88257	16	37	.	.	PUNCT
afs-88257	17	1	hence	hence	ADV
afs-88257	17	2	,	,	PUNCT
afs-88257	17	3	there	there	PRON
afs-88257	17	4	is	be	VERB
afs-88257	17	5	a	a	DET
afs-88257	17	6	need	need	NOUN
afs-88257	17	7	for	for	ADP
afs-88257	17	8	complex	complex	ADJ
afs-88257	17	9	research	research	NOUN
afs-88257	17	10	addressing	address	VERB
afs-88257	17	11	the	the	DET
afs-88257	17	12	methodology	methodology	NOUN
afs-88257	17	13	of	of	ADP
afs-88257	17	14	assessment	assessment	NOUN
afs-88257	17	15	of	of	ADP
afs-88257	17	16	working	work	VERB
afs-88257	17	17	capital	capital	NOUN
afs-88257	17	18	management	management	NOUN
afs-88257	17	19	and	and	CCONJ
afs-88257	17	20	liquidity	liquidity	NOUN
afs-88257	17	21	risk	risk	NOUN
afs-88257	17	22	on	on	ADP
afs-88257	17	23	a	a	DET
afs-88257	17	24	firm	firm	ADJ
afs-88257	17	25	-	-	PUNCT
afs-88257	17	26	level	level	NOUN
afs-88257	17	27	.	.	PUNCT
afs-88257	18	1	regarding	regard	VERB
afs-88257	18	2	the	the	DET
afs-88257	18	3	existing	exist	VERB
afs-88257	18	4	research	research	NOUN
afs-88257	18	5	gap	gap	NOUN
afs-88257	18	6	,	,	PUNCT
afs-88257	18	7	the	the	DET
afs-88257	18	8	goal	goal	NOUN
afs-88257	18	9	of	of	ADP
afs-88257	18	10	the	the	DET
afs-88257	18	11	article	article	NOUN
afs-88257	18	12	is	be	AUX
afs-88257	18	13	to	to	PART
afs-88257	18	14	identify	identify	VERB
afs-88257	18	15	variables	variable	NOUN
afs-88257	18	16	influencing	influence	VERB
afs-88257	18	17	the	the	DET
afs-88257	18	18	working	work	VERB
afs-88257	18	19	capital	capital	NOUN
afs-88257	18	20	and	and	CCONJ
afs-88257	18	21	present	present	VERB
afs-88257	18	22	the	the	DET
afs-88257	18	23	method	method	NOUN
afs-88257	18	24	for	for	ADP
afs-88257	18	25	the	the	DET
afs-88257	18	26	integrated	integrate	VERB
afs-88257	18	27	evaluation	evaluation	NOUN
afs-88257	18	28	of	of	ADP
afs-88257	18	29	working	work	VERB
afs-88257	18	30	capital	capital	NOUN
afs-88257	18	31	management	management	NOUN
afs-88257	18	32	of	of	ADP
afs-88257	18	33	a	a	DET
afs-88257	18	34	firm	firm	NOUN
afs-88257	18	35	.	.	PUNCT
afs-88257	19	1	the	the	DET
afs-88257	19	2	research	research	NOUN
afs-88257	19	3	unveils	unveil	VERB
afs-88257	19	4	the	the	DET
afs-88257	19	5	complex	complex	ADJ
afs-88257	19	6	indicator	indicator	NOUN
afs-88257	19	7	that	that	PRON
afs-88257	19	8	comprises	comprise	VERB
afs-88257	19	9	the	the	DET
afs-88257	19	10	impact	impact	NOUN
afs-88257	19	11	of	of	ADP
afs-88257	19	12	different	different	ADJ
afs-88257	19	13	financial	financial	ADJ
afs-88257	19	14	factors	factor	NOUN
afs-88257	19	15	on	on	ADP
afs-88257	19	16	the	the	DET
afs-88257	19	17	working	work	VERB
afs-88257	19	18	capital	capital	NOUN
afs-88257	19	19	,	,	PUNCT
afs-88257	19	20	and	and	CCONJ
afs-88257	19	21	unambiguously	unambiguously	ADV
afs-88257	19	22	defines	define	VERB
afs-88257	19	23	the	the	DET
afs-88257	19	24	strategy	strategy	NOUN
afs-88257	19	25	for	for	ADP
afs-88257	19	26	working	work	VERB
afs-88257	19	27	capital	capital	NOUN
afs-88257	19	28	management	management	NOUN
afs-88257	19	29	in	in	ADP
afs-88257	19	30	a	a	DET
afs-88257	19	31	firm	firm	NOUN
afs-88257	19	32	.	.	PUNCT
afs-88257	20	1	the	the	DET
afs-88257	20	2	integrity	integrity	NOUN
afs-88257	20	3	of	of	ADP
afs-88257	20	4	the	the	DET
afs-88257	20	5	proposed	propose	VERB
afs-88257	20	6	indicator	indicator	NOUN
afs-88257	20	7	makes	make	VERB
afs-88257	20	8	it	it	PRON
afs-88257	20	9	a	a	DET
afs-88257	20	10	convenient	convenient	ADJ
afs-88257	20	11	managerial	managerial	ADJ
afs-88257	20	12	tool	tool	NOUN
afs-88257	20	13	suitable	suitable	ADJ
afs-88257	20	14	for	for	ADP
afs-88257	20	15	use	use	NOUN
afs-88257	20	16	in	in	ADP
afs-88257	20	17	entities	entity	NOUN
afs-88257	20	18	operating	operate	VERB
afs-88257	20	19	in	in	ADP
afs-88257	20	20	a	a	DET
afs-88257	20	21	turbulent	turbulent	ADJ
afs-88257	20	22	business	business	NOUN
afs-88257	20	23	environment	environment	NOUN
afs-88257	20	24	.	.	PUNCT
afs-88257	21	1	manuscript	manuscript	NOUN
afs-88257	21	2	received	receive	VERB
afs-88257	21	3	december	december	PROPN
afs-88257	21	4	2019	2019	NUM
afs-88257	21	5	agricultural	agricultural	ADJ
afs-88257	21	6	and	and	CCONJ
afs-88257	21	7	food	food	NOUN
afs-88257	21	8	science	science	NOUN
afs-88257	21	9	s.	s.	PROPN
afs-88257	21	10	zabolotnyy	zabolotnyy	PROPN
afs-88257	21	11	&	&	CCONJ
afs-88257	21	12	t.	t.	PROPN
afs-88257	21	13	sipiläinen	sipiläinen	PROPN
afs-88257	21	14	(	(	PUNCT
afs-88257	21	15	2020	2020	NUM
afs-88257	21	16	)	)	PUNCT
afs-88257	21	17	29	29	NUM
afs-88257	21	18	:	:	PUNCT
afs-88257	21	19	239–249	239–249	NUM
afs-88257	21	20	240	240	NUM
afs-88257	21	21	material	material	NOUN
afs-88257	21	22	and	and	CCONJ
afs-88257	21	23	methods	method	NOUN
afs-88257	21	24	the	the	DET
afs-88257	21	25	complexity	complexity	NOUN
afs-88257	21	26	and	and	CCONJ
afs-88257	21	27	vagueness	vagueness	NOUN
afs-88257	21	28	of	of	ADP
afs-88257	21	29	the	the	DET
afs-88257	21	30	relationship	relationship	NOUN
afs-88257	21	31	between	between	ADP
afs-88257	21	32	particular	particular	ADJ
afs-88257	21	33	factors	factor	NOUN
afs-88257	21	34	influencing	influence	VERB
afs-88257	21	35	working	work	VERB
afs-88257	21	36	capital	capital	NOUN
afs-88257	21	37	management	management	NOUN
afs-88257	21	38	determined	determine	VERB
afs-88257	21	39	the	the	DET
afs-88257	21	40	use	use	NOUN
afs-88257	21	41	of	of	ADP
afs-88257	21	42	the	the	DET
afs-88257	21	43	fuzzy	fuzzy	ADJ
afs-88257	21	44	logic	logic	NOUN
afs-88257	21	45	and	and	CCONJ
afs-88257	21	46	synthetic	synthetic	ADJ
afs-88257	21	47	evaluation	evaluation	NOUN
afs-88257	21	48	method	method	NOUN
afs-88257	21	49	for	for	ADP
afs-88257	21	50	estimation	estimation	NOUN
afs-88257	21	51	in	in	ADP
afs-88257	21	52	the	the	DET
afs-88257	21	53	research	research	NOUN
afs-88257	21	54	.	.	PUNCT
afs-88257	22	1	while	while	SCONJ
afs-88257	22	2	the	the	DET
afs-88257	22	3	application	application	NOUN
afs-88257	22	4	of	of	ADP
afs-88257	22	5	fuzzy	fuzzy	ADJ
afs-88257	22	6	logic	logic	NOUN
afs-88257	22	7	is	be	AUX
afs-88257	22	8	more	more	ADV
afs-88257	22	9	common	common	ADJ
afs-88257	22	10	in	in	ADP
afs-88257	22	11	studies	study	NOUN
afs-88257	22	12	of	of	ADP
afs-88257	22	13	competitiveness	competitiveness	NOUN
afs-88257	22	14	or	or	CCONJ
afs-88257	22	15	strength	strength	NOUN
afs-88257	22	16	of	of	ADP
afs-88257	22	17	entities	entity	NOUN
afs-88257	22	18	on	on	ADP
afs-88257	22	19	different	different	ADJ
afs-88257	22	20	levels	level	NOUN
afs-88257	22	21	of	of	ADP
afs-88257	22	22	aggregation	aggregation	NOUN
afs-88257	22	23	,	,	PUNCT
afs-88257	22	24	there	there	PRON
afs-88257	22	25	is	be	VERB
afs-88257	22	26	limited	limited	ADJ
afs-88257	22	27	research	research	NOUN
afs-88257	22	28	devoted	devote	VERB
afs-88257	22	29	to	to	ADP
afs-88257	22	30	its	its	PRON
afs-88257	22	31	use	use	NOUN
afs-88257	22	32	in	in	ADP
afs-88257	22	33	the	the	DET
afs-88257	22	34	evaluation	evaluation	NOUN
afs-88257	22	35	of	of	ADP
afs-88257	22	36	corporate	corporate	ADJ
afs-88257	22	37	management	management	NOUN
afs-88257	22	38	practices	practice	NOUN
afs-88257	22	39	on	on	ADP
afs-88257	22	40	a	a	DET
afs-88257	22	41	firm	firm	ADJ
afs-88257	22	42	-	-	PUNCT
afs-88257	22	43	level	level	NOUN
afs-88257	22	44	in	in	ADP
afs-88257	22	45	particular	particular	ADJ
afs-88257	22	46	industries	industry	NOUN
afs-88257	22	47	.	.	PUNCT
afs-88257	23	1	the	the	DET
afs-88257	23	2	current	current	ADJ
afs-88257	23	3	research	research	NOUN
afs-88257	23	4	and	and	CCONJ
afs-88257	23	5	proposed	propose	VERB
afs-88257	23	6	practical	practical	ADJ
afs-88257	23	7	solutions	solution	NOUN
afs-88257	23	8	aim	aim	VERB
afs-88257	23	9	to	to	PART
afs-88257	23	10	bridge	bridge	VERB
afs-88257	23	11	the	the	DET
afs-88257	23	12	gap	gap	NOUN
afs-88257	23	13	between	between	ADP
afs-88257	23	14	theoretical	theoretical	ADJ
afs-88257	23	15	assumptions	assumption	NOUN
afs-88257	23	16	and	and	CCONJ
afs-88257	23	17	managerial	managerial	ADJ
afs-88257	23	18	patterns	pattern	NOUN
afs-88257	23	19	used	use	VERB
afs-88257	23	20	for	for	ADP
afs-88257	23	21	the	the	DET
afs-88257	23	22	evaluation	evaluation	NOUN
afs-88257	23	23	of	of	ADP
afs-88257	23	24	the	the	DET
afs-88257	23	25	financial	financial	ADJ
afs-88257	23	26	management	management	NOUN
afs-88257	23	27	of	of	ADP
afs-88257	23	28	food	food	NOUN
afs-88257	23	29	companies	company	NOUN
afs-88257	23	30	.	.	PUNCT
afs-88257	24	1	the	the	DET
afs-88257	24	2	fuzzy	fuzzy	ADJ
afs-88257	24	3	logic	logic	NOUN
afs-88257	24	4	approach	approach	NOUN
afs-88257	24	5	allows	allow	VERB
afs-88257	24	6	the	the	DET
afs-88257	24	7	assessment	assessment	NOUN
afs-88257	24	8	of	of	ADP
afs-88257	24	9	uncertain	uncertain	ADJ
afs-88257	24	10	and	and	CCONJ
afs-88257	24	11	multivariate	multivariate	VERB
afs-88257	24	12	information	information	NOUN
afs-88257	24	13	for	for	ADP
afs-88257	24	14	the	the	DET
afs-88257	24	15	decision	decision	NOUN
afs-88257	24	16	-	-	PUNCT
afs-88257	24	17	making	make	VERB
afs-88257	24	18	process	process	NOUN
afs-88257	24	19	(	(	PUNCT
afs-88257	24	20	taş	taş	NOUN
afs-88257	24	21	and	and	CCONJ
afs-88257	24	22	gürsoy	gürsoy	NOUN
afs-88257	24	23	2016	2016	NUM
afs-88257	24	24	,	,	PUNCT
afs-88257	24	25	bottani	bottani	PROPN
afs-88257	24	26	et	et	PROPN
afs-88257	24	27	al	al	PROPN
afs-88257	24	28	.	.	PROPN
afs-88257	24	29	2017	2017	NUM
afs-88257	24	30	)	)	PUNCT
afs-88257	24	31	.	.	PUNCT
afs-88257	25	1	a	a	DET
afs-88257	25	2	fuzzy	fuzzy	ADJ
afs-88257	25	3	function	function	NOUN
afs-88257	25	4	precisely	precisely	ADV
afs-88257	25	5	ranks	rank	VERB
afs-88257	25	6	the	the	DET
afs-88257	25	7	values	value	NOUN
afs-88257	25	8	of	of	ADP
afs-88257	25	9	particular	particular	ADJ
afs-88257	25	10	variables	variable	NOUN
afs-88257	25	11	according	accord	VERB
afs-88257	25	12	to	to	ADP
afs-88257	25	13	the	the	DET
afs-88257	25	14	degree	degree	NOUN
afs-88257	25	15	of	of	ADP
afs-88257	25	16	their	their	PRON
afs-88257	25	17	membership	membership	NOUN
afs-88257	25	18	to	to	ADP
afs-88257	25	19	a	a	DET
afs-88257	25	20	data	data	NOUN
afs-88257	25	21	set	set	NOUN
afs-88257	25	22	(	(	PUNCT
afs-88257	25	23	chen	chen	PROPN
afs-88257	25	24	et	et	PROPN
afs-88257	25	25	al	al	PROPN
afs-88257	25	26	.	.	PROPN
afs-88257	25	27	2014	2014	NUM
afs-88257	25	28	)	)	PUNCT
afs-88257	25	29	.	.	PUNCT
afs-88257	26	1	for	for	ADP
afs-88257	26	2	example	example	NOUN
afs-88257	26	3	,	,	PUNCT
afs-88257	26	4	in	in	ADP
afs-88257	26	5	the	the	DET
afs-88257	26	6	given	give	VERB
afs-88257	26	7	interval	interval	NOUN
afs-88257	26	8	[	[	X
afs-88257	26	9	0;1	0;1	NOUN
afs-88257	26	10	]	]	PUNCT
afs-88257	26	11	,	,	PUNCT
afs-88257	26	12	the	the	DET
afs-88257	26	13	full	full	ADJ
afs-88257	26	14	non	non	NOUN
afs-88257	26	15	-	-	NOUN
afs-88257	26	16	membership	membership	NOUN
afs-88257	26	17	of	of	ADP
afs-88257	26	18	a	a	DET
afs-88257	26	19	single	single	ADJ
afs-88257	26	20	observation	observation	NOUN
afs-88257	26	21	corresponds	correspond	VERB
afs-88257	26	22	to	to	ADP
afs-88257	26	23	zero	zero	NUM
afs-88257	26	24	,	,	PUNCT
afs-88257	26	25	and	and	CCONJ
afs-88257	26	26	its	its	PRON
afs-88257	26	27	full	full	ADJ
afs-88257	26	28	-	-	PUNCT
afs-88257	26	29	membership	membership	NOUN
afs-88257	26	30	refers	refer	VERB
afs-88257	26	31	to	to	ADP
afs-88257	26	32	one	one	NUM
afs-88257	26	33	.	.	PUNCT
afs-88257	27	1	in	in	ADP
afs-88257	27	2	the	the	DET
afs-88257	27	3	study	study	NOUN
afs-88257	27	4	,	,	PUNCT
afs-88257	27	5	the	the	DET
afs-88257	27	6	information	information	NOUN
afs-88257	27	7	from	from	ADP
afs-88257	27	8	a	a	DET
afs-88257	27	9	combination	combination	NOUN
afs-88257	27	10	of	of	ADP
afs-88257	27	11	financial	financial	ADJ
afs-88257	27	12	variables	variable	NOUN
afs-88257	27	13	(	(	PUNCT
afs-88257	27	14	x1	x1	PROPN
afs-88257	27	15	,	,	PUNCT
afs-88257	27	16	x2	x2	PROPN
afs-88257	27	17	,	,	PUNCT
afs-88257	27	18	x3	x3	PROPN
afs-88257	27	19	,	,	PUNCT
afs-88257	27	20	x4	x4	PROPN
afs-88257	27	21	,	,	PUNCT
afs-88257	27	22	x5	x5	PROPN
afs-88257	27	23	,	,	PUNCT
afs-88257	27	24	x6	x6	PROPN
afs-88257	27	25	,	,	PUNCT
afs-88257	27	26	x7	x7	NOUN
afs-88257	27	27	,	,	PUNCT
afs-88257	27	28	x8	x8	PROPN
afs-88257	27	29	)	)	PUNCT
afs-88257	27	30	was	be	AUX
afs-88257	27	31	aggregated	aggregate	VERB
afs-88257	27	32	in	in	ADP
afs-88257	27	33	the	the	DET
afs-88257	27	34	complex	complex	ADJ
afs-88257	27	35	indicator	indicator	NOUN
afs-88257	27	36	a	a	NOUN
afs-88257	27	37	,	,	PUNCT
afs-88257	27	38	whose	whose	DET
afs-88257	27	39	values	value	NOUN
afs-88257	27	40	in	in	ADP
afs-88257	27	41	the	the	DET
afs-88257	27	42	interval	interval	NOUN
afs-88257	27	43	[	[	X
afs-88257	27	44	0;100	0;100	X
afs-88257	27	45	]	]	X
afs-88257	27	46	unambiguously	unambiguously	ADV
afs-88257	27	47	characterized	characterize	VERB
afs-88257	27	48	strategies	strategy	NOUN
afs-88257	27	49	for	for	ADP
afs-88257	27	50	working	work	VERB
afs-88257	27	51	capital	capital	NOUN
afs-88257	27	52	management	management	NOUN
afs-88257	27	53	of	of	ADP
afs-88257	27	54	particular	particular	ADJ
afs-88257	27	55	firms	firm	NOUN
afs-88257	27	56	from	from	ADP
afs-88257	27	57	the	the	DET
afs-88257	27	58	sample	sample	NOUN
afs-88257	27	59	.	.	PUNCT
afs-88257	28	1	additionally	additionally	ADV
afs-88257	28	2	,	,	PUNCT
afs-88257	28	3	selected	select	VERB
afs-88257	28	4	variables	variable	NOUN
afs-88257	28	5	were	be	AUX
afs-88257	28	6	divided	divide	VERB
afs-88257	28	7	into	into	ADP
afs-88257	28	8	two	two	NUM
afs-88257	28	9	sub	sub	NOUN
afs-88257	28	10	-	-	NOUN
afs-88257	28	11	indicators	indicator	NOUN
afs-88257	28	12	,	,	PUNCT
afs-88257	28	13	a1	a1	NOUN
afs-88257	28	14	and	and	CCONJ
afs-88257	28	15	a2	a2	PROPN
afs-88257	28	16	,	,	PUNCT
afs-88257	28	17	that	that	PRON
afs-88257	28	18	depicted	depict	VERB
afs-88257	28	19	the	the	DET
afs-88257	28	20	relationship	relationship	NOUN
afs-88257	28	21	between	between	ADP
afs-88257	28	22	the	the	DET
afs-88257	28	23	level	level	NOUN
afs-88257	28	24	and	and	CCONJ
afs-88257	28	25	structure	structure	NOUN
afs-88257	28	26	of	of	ADP
afs-88257	28	27	current	current	ADJ
afs-88257	28	28	assets	asset	NOUN
afs-88257	28	29	(	(	PUNCT
afs-88257	28	30	a1	a1	NOUN
afs-88257	28	31	)	)	PUNCT
afs-88257	28	32	and	and	CCONJ
afs-88257	28	33	current	current	ADJ
afs-88257	28	34	liabilities	liability	NOUN
afs-88257	28	35	(	(	PUNCT
afs-88257	28	36	a2	a2	PROPN
afs-88257	28	37	)	)	PUNCT
afs-88257	28	38	as	as	ADP
afs-88257	28	39	principal	principal	ADJ
afs-88257	28	40	components	component	NOUN
afs-88257	28	41	of	of	ADP
afs-88257	28	42	the	the	DET
afs-88257	28	43	process	process	NOUN
afs-88257	28	44	of	of	ADP
afs-88257	28	45	working	work	VERB
afs-88257	28	46	capital	capital	NOUN
afs-88257	28	47	management	management	NOUN
afs-88257	28	48	(	(	PUNCT
afs-88257	28	49	table	table	NOUN
afs-88257	28	50	1	1	NUM
afs-88257	28	51	)	)	PUNCT
afs-88257	28	52	.	.	PUNCT
afs-88257	29	1	depending	depend	VERB
afs-88257	29	2	on	on	ADP
afs-88257	29	3	the	the	DET
afs-88257	29	4	impact	impact	NOUN
afs-88257	29	5	on	on	ADP
afs-88257	29	6	the	the	DET
afs-88257	29	7	synthetic	synthetic	ADJ
afs-88257	29	8	evaluation	evaluation	NOUN
afs-88257	29	9	criterion	criterion	NOUN
afs-88257	29	10	a	a	PRON
afs-88257	29	11	in	in	ADP
afs-88257	29	12	terms	term	NOUN
afs-88257	29	13	of	of	ADP
afs-88257	29	14	risk	risk	NOUN
afs-88257	29	15	and	and	CCONJ
afs-88257	29	16	return	return	NOUN
afs-88257	29	17	,	,	PUNCT
afs-88257	29	18	different	different	ADJ
afs-88257	29	19	rules	rule	NOUN
afs-88257	29	20	for	for	ADP
afs-88257	29	21	transformation	transformation	NOUN
afs-88257	29	22	of	of	ADP
afs-88257	29	23	values	value	NOUN
afs-88257	29	24	of	of	ADP
afs-88257	29	25	individual	individual	ADJ
afs-88257	29	26	variables	variable	NOUN
afs-88257	29	27	were	be	AUX
afs-88257	29	28	used	use	VERB
afs-88257	29	29	.	.	PUNCT
afs-88257	30	1	for	for	ADP
afs-88257	30	2	variables	variable	NOUN
afs-88257	30	3	with	with	ADP
afs-88257	30	4	a	a	DET
afs-88257	30	5	negative	negative	ADJ
afs-88257	30	6	impact	impact	NOUN
afs-88257	30	7	on	on	ADP
afs-88257	30	8	working	working	NOUN
afs-88257	30	9	capital	capital	NOUN
afs-88257	30	10	,	,	PUNCT
afs-88257	30	11	the	the	DET
afs-88257	30	12	transformation	transformation	NOUN
afs-88257	30	13	was	be	AUX
afs-88257	30	14	as	as	SCONJ
afs-88257	30	15	follows	follow	VERB
afs-88257	30	16	:	:	PUNCT
afs-88257	30	17	,	,	PUNCT
afs-88257	30	18	(	(	PUNCT
afs-88257	30	19	1	1	X
afs-88257	30	20	)	)	PUNCT
afs-88257	31	1	where	where	SCONJ
afs-88257	31	2	xmax	xmax	PROPN
afs-88257	31	3	–	–	PUNCT
afs-88257	31	4	the	the	DET
afs-88257	31	5	maximum	maximum	ADJ
afs-88257	31	6	value	value	NOUN
afs-88257	31	7	for	for	ADP
afs-88257	31	8	a	a	DET
afs-88257	31	9	variable	variable	NOUN
afs-88257	31	10	in	in	ADP
afs-88257	31	11	the	the	DET
afs-88257	31	12	data	datum	NOUN
afs-88257	31	13	set	set	VERB
afs-88257	31	14	,	,	PUNCT
afs-88257	31	15	and	and	CCONJ
afs-88257	31	16	xmin	xmin	NOUN
afs-88257	31	17	the	the	DET
afs-88257	31	18	corresponding	corresponding	ADJ
afs-88257	31	19	minimum	minimum	NOUN
afs-88257	31	20	value	value	NOUN
afs-88257	31	21	.	.	PUNCT
afs-88257	32	1	variables	variable	NOUN
afs-88257	32	2	with	with	ADP
afs-88257	32	3	a	a	DET
afs-88257	32	4	positive	positive	ADJ
afs-88257	32	5	impact	impact	NOUN
afs-88257	32	6	on	on	ADP
afs-88257	32	7	working	work	VERB
afs-88257	32	8	capital	capital	NOUN
afs-88257	32	9	were	be	AUX
afs-88257	32	10	transformed	transform	VERB
afs-88257	32	11	using	use	VERB
afs-88257	32	12	the	the	DET
afs-88257	32	13	formula	formula	NOUN
afs-88257	32	14	:	:	PUNCT
afs-88257	32	15	,	,	PUNCT
afs-88257	32	16	(	(	PUNCT
afs-88257	32	17	2	2	X
afs-88257	32	18	)	)	PUNCT
afs-88257	32	19	as	as	ADP
afs-88257	32	20	a	a	DET
afs-88257	32	21	result	result	NOUN
afs-88257	32	22	,	,	PUNCT
afs-88257	32	23	the	the	DET
afs-88257	32	24	evaluation	evaluation	NOUN
afs-88257	32	25	matrix	matrix	NOUN
afs-88257	32	26	of	of	ADP
afs-88257	32	27	transformed	transform	VERB
afs-88257	32	28	values	value	NOUN
afs-88257	32	29	for	for	ADP
afs-88257	32	30	each	each	DET
afs-88257	32	31	object	object	NOUN
afs-88257	32	32	in	in	ADP
afs-88257	32	33	the	the	DET
afs-88257	32	34	data	datum	NOUN
afs-88257	32	35	was	be	AUX
afs-88257	32	36	specified	specify	VERB
afs-88257	32	37	:	:	PUNCT
afs-88257	32	38	,	,	PUNCT
afs-88257	32	39	(	(	PUNCT
afs-88257	32	40	3	3	X
afs-88257	32	41	)	)	PUNCT
afs-88257	32	42	table	table	NOUN
afs-88257	32	43	1	1	NUM
afs-88257	32	44	.	.	PUNCT
afs-88257	33	1	indicators	indicator	NOUN
afs-88257	33	2	of	of	ADP
afs-88257	33	3	working	work	VERB
afs-88257	33	4	capital	capital	NOUN
afs-88257	33	5	management	management	NOUN
afs-88257	33	6	strategy	strategy	NOUN
afs-88257	33	7	of	of	ADP
afs-88257	33	8	a	a	DET
afs-88257	33	9	business	business	NOUN
afs-88257	33	10	entity	entity	NOUN
afs-88257	33	11	variable	variable	ADJ
afs-88257	33	12	construction	construction	NOUN
afs-88257	33	13	sub	sub	ADJ
afs-88257	33	14	-	-	NOUN
afs-88257	33	15	indicator	indicator	NOUN
afs-88257	33	16	impact	impact	NOUN
afs-88257	33	17	x1	x1	DET
afs-88257	33	18	current	current	ADJ
afs-88257	33	19	assets	asset	NOUN
afs-88257	33	20	/	/	SYM
afs-88257	33	21	total	total	ADJ
afs-88257	33	22	assets	asset	NOUN
afs-88257	33	23	a1	a1	VERB
afs-88257	33	24	positive	positive	ADJ
afs-88257	33	25	x2	x2	ADJ
afs-88257	33	26	inventory	inventory	NOUN
afs-88257	33	27	/	/	SYM
afs-88257	33	28	current	current	ADJ
afs-88257	33	29	assets	asset	NOUN
afs-88257	33	30	a1	a1	VERB
afs-88257	33	31	negative	negative	ADJ
afs-88257	33	32	x3	x3	ADJ
afs-88257	33	33	accounts	account	VERB
afs-88257	33	34	receivable	receivable	ADJ
afs-88257	33	35	/	/	SYM
afs-88257	33	36	current	current	ADJ
afs-88257	33	37	assets	asset	NOUN
afs-88257	33	38	a1	a1	VERB
afs-88257	33	39	negative	negative	ADJ
afs-88257	33	40	x4	x4	ADJ
afs-88257	33	41	cash	cash	NOUN
afs-88257	33	42	and	and	CCONJ
afs-88257	33	43	equivalents	equivalent	NOUN
afs-88257	33	44	/	/	SYM
afs-88257	33	45	current	current	ADJ
afs-88257	33	46	assets	asset	NOUN
afs-88257	33	47	a1	a1	VERB
afs-88257	33	48	positive	positive	ADJ
afs-88257	33	49	x5	x5	PROPN
afs-88257	33	50	current	current	ADJ
afs-88257	33	51	liabilities	liability	NOUN
afs-88257	33	52	/	/	SYM
afs-88257	33	53	total	total	ADJ
afs-88257	33	54	assets	asset	NOUN
afs-88257	33	55	a2	a2	PROPN
afs-88257	33	56	negative	negative	ADJ
afs-88257	33	57	x6	x6	PROPN
afs-88257	33	58	accounts	account	VERB
afs-88257	33	59	payable	payable	ADJ
afs-88257	33	60	/	/	SYM
afs-88257	33	61	current	current	ADJ
afs-88257	33	62	liabilities	liability	NOUN
afs-88257	33	63	a2	a2	PROPN
afs-88257	33	64	positive	positive	ADJ
afs-88257	33	65	x7	x7	NOUN
afs-88257	33	66	short	short	ADJ
afs-88257	33	67	-	-	PUNCT
afs-88257	33	68	term	term	NOUN
afs-88257	33	69	debt	debt	NOUN
afs-88257	33	70	/	/	SYM
afs-88257	33	71	current	current	ADJ
afs-88257	33	72	liabilities	liability	NOUN
afs-88257	33	73	a2	a2	PROPN
afs-88257	33	74	negative	negative	ADJ
afs-88257	33	75	x8	x8	PROPN
afs-88257	33	76	current	current	ADJ
afs-88257	33	77	liabilities	liability	NOUN
afs-88257	33	78	/	/	SYM
afs-88257	33	79	equity	equity	NOUN
afs-88257	33	80	a2	a2	PROPN
afs-88257	33	81	negative	negative	ADJ
afs-88257	33	82	source	source	NOUN
afs-88257	33	83	:	:	PUNCT
afs-88257	33	84	authors	author	NOUN
afs-88257	33	85	’	’	PART
afs-88257	33	86	research	research	NOUN
afs-88257	33	87	.	.	PUNCT
afs-88257	34	1	𝜇𝜇𝜇𝜇(𝑋𝑋𝑋𝑋	𝜇𝜇𝜇𝜇(𝑋𝑋𝑋𝑋	ADJ
afs-88257	34	2	)	)	PUNCT
afs-88257	34	3	=	=	SYM
afs-88257	34	4	�	�	PROPN
afs-88257	34	5	0𝑥𝑥𝑥𝑥	0𝑥𝑥𝑥𝑥	NUM
afs-88257	34	6	=	=	PUNCT
afs-88257	34	7	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	8	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	VERB
afs-88257	34	9	−	−	PROPN
afs-88257	34	10	𝑥𝑥𝑥𝑥	𝑥𝑥𝑥𝑥	PROPN
afs-88257	34	11	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	12	−	−	PROPN
afs-88257	34	13	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	14	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	VERB
afs-88257	34	15	<	<	X
afs-88257	34	16	𝑥𝑥𝑥𝑥	𝑥𝑥𝑥𝑥	X
afs-88257	34	17	<	<	X
afs-88257	34	18	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	19	1𝑥𝑥𝑥𝑥	1𝑥𝑥𝑥𝑥	NUM
afs-88257	34	20	=	=	SYM
afs-88257	34	21	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	22	�	�	PROPN
afs-88257	34	23	𝜇𝜇𝜇𝜇(𝑋𝑋𝑋𝑋	𝜇𝜇𝜇𝜇(𝑋𝑋𝑋𝑋	ADJ
afs-88257	34	24	)	)	PUNCT
afs-88257	34	25	=	=	SYM
afs-88257	34	26	�	�	PROPN
afs-88257	34	27	0𝑥𝑥𝑥𝑥	0𝑥𝑥𝑥𝑥	NUM
afs-88257	34	28	=	=	SYM
afs-88257	34	29	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	VERB
afs-88257	34	30	𝑥𝑥𝑥𝑥	𝑥𝑥𝑥𝑥	PROPN
afs-88257	34	31	−	−	PROPN
afs-88257	34	32	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	34	33	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	35	1	−	−	PROPN
afs-88257	35	2	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	35	3	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	VERB
afs-88257	35	4	<	<	X
afs-88257	35	5	𝑥𝑥𝑥𝑥	𝑥𝑥𝑥𝑥	X
afs-88257	35	6	<	<	X
afs-88257	35	7	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	35	8	1𝑥𝑥𝑥𝑥	1𝑥𝑥𝑥𝑥	NUM
afs-88257	35	9	=	=	SYM
afs-88257	35	10	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	𝑥𝑥𝑥𝑥𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚𝑚	PROPN
afs-88257	35	11	�	�	PROPN
afs-88257	35	12	𝑅𝑅𝑅𝑅	𝑅𝑅𝑅𝑅	PROPN
afs-88257	35	13	=	=	PROPN
afs-88257	35	14	�	�	PROPN
afs-88257	35	15	𝑟𝑟𝑟𝑟11	𝑟𝑟𝑟𝑟11	PROPN
afs-88257	35	16	𝑟𝑟𝑟𝑟12	𝑟𝑟𝑟𝑟12	PROPN
afs-88257	35	17	…	…	PUNCT
afs-88257	35	18	𝑟𝑟𝑟𝑟1𝑛𝑛𝑛𝑛	𝑟𝑟𝑟𝑟1𝑛𝑛𝑛𝑛	X
afs-88257	35	19	…	…	PUNCT
afs-88257	35	20	…	…	PUNCT
afs-88257	35	21	…	…	PUNCT
afs-88257	35	22	…	…	PUNCT
afs-88257	35	23	…	…	PUNCT
afs-88257	35	24	…	…	PUNCT
afs-88257	35	25	𝑟𝑟𝑟𝑟81	𝑟𝑟𝑟𝑟81	NOUN
afs-88257	35	26	𝑟𝑟𝑟𝑟82	𝑟𝑟𝑟𝑟82	NOUN
afs-88257	35	27	…	…	PUNCT
afs-88257	35	28	𝑟𝑟𝑟𝑟8𝑛𝑛𝑛𝑛	𝑟𝑟𝑟𝑟8𝑛𝑛𝑛𝑛	PROPN
afs-88257	35	29	�	�	PROPN
afs-88257	35	30	agricultural	agricultural	ADJ
afs-88257	35	31	and	and	CCONJ
afs-88257	35	32	food	food	NOUN
afs-88257	35	33	science	science	NOUN
afs-88257	35	34	s.	s.	PROPN
afs-88257	35	35	zabolotnyy	zabolotnyy	PROPN
afs-88257	35	36	&	&	CCONJ
afs-88257	35	37	t.	t.	PROPN
afs-88257	35	38	sipiläinen	sipiläinen	PROPN
afs-88257	35	39	(	(	PUNCT
afs-88257	35	40	2020	2020	NUM
afs-88257	35	41	)	)	PUNCT
afs-88257	35	42	29	29	NUM
afs-88257	35	43	:	:	PUNCT
afs-88257	35	44	239–249	239–249	NUM
afs-88257	35	45	241	241	NUM
afs-88257	35	46	where	where	SCONJ
afs-88257	35	47	rij	rij	X
afs-88257	35	48	=	=	SYM
afs-88257	35	49	µ	µ	X
afs-88257	35	50	(	(	PUNCT
afs-88257	35	51	x	x	NOUN
afs-88257	35	52	)	)	PUNCT
afs-88257	35	53	,	,	PUNCT
afs-88257	35	54	i	i	PROPN
afs-88257	35	55	=	=	NOUN
afs-88257	35	56	1,2,	1,2,	NUM
afs-88257	35	57	…	…	SYM
afs-88257	35	58	.,8	.,8	NOUN
afs-88257	35	59	variables	variable	NOUN
afs-88257	35	60	and	and	CCONJ
afs-88257	35	61	j	j	PROPN
afs-88257	35	62	=	=	SYM
afs-88257	35	63	1,2,	1,2,	NUM
afs-88257	35	64	…	…	PUNCT
afs-88257	35	65	,n	,n	NOUN
afs-88257	35	66	–	–	PUNCT
afs-88257	35	67	objects	object	VERB
afs-88257	35	68	.	.	PUNCT
afs-88257	36	1	the	the	DET
afs-88257	36	2	complexity	complexity	NOUN
afs-88257	36	3	of	of	ADP
afs-88257	36	4	relationships	relationship	NOUN
afs-88257	36	5	between	between	ADP
afs-88257	36	6	variables	variable	NOUN
afs-88257	36	7	justified	justify	VERB
afs-88257	36	8	the	the	DET
afs-88257	36	9	use	use	NOUN
afs-88257	36	10	of	of	ADP
afs-88257	36	11	equal	equal	ADJ
afs-88257	36	12	weights	weight	NOUN
afs-88257	36	13	for	for	ADP
afs-88257	36	14	their	their	PRON
afs-88257	36	15	aggregation	aggregation	NOUN
afs-88257	36	16	:	:	PUNCT
afs-88257	36	17	and	and	CCONJ
afs-88257	36	18	,	,	PUNCT
afs-88257	36	19	(	(	PUNCT
afs-88257	36	20	4	4	X
afs-88257	36	21	)	)	PUNCT
afs-88257	36	22	where	where	SCONJ
afs-88257	36	23	n	n	NOUN
afs-88257	36	24	–	–	PUNCT
afs-88257	36	25	number	number	NOUN
afs-88257	36	26	of	of	ADP
afs-88257	36	27	factors	factor	NOUN
afs-88257	36	28	in	in	ADP
afs-88257	36	29	the	the	DET
afs-88257	36	30	complex	complex	ADJ
afs-88257	36	31	indicator	indicator	NOUN
afs-88257	36	32	,	,	PUNCT
afs-88257	36	33	wi	wi	PROPN
afs-88257	36	34	–	–	PUNCT
afs-88257	36	35	the	the	DET
afs-88257	36	36	weight	weight	NOUN
afs-88257	36	37	of	of	ADP
afs-88257	36	38	i	i	PROPN
afs-88257	36	39	variable	variable	ADJ
afs-88257	36	40	.	.	PUNCT
afs-88257	37	1	finally	finally	ADV
afs-88257	37	2	,	,	PUNCT
afs-88257	37	3	the	the	DET
afs-88257	37	4	complex	complex	ADJ
afs-88257	37	5	indicator	indicator	NOUN
afs-88257	37	6	of	of	ADP
afs-88257	37	7	the	the	DET
afs-88257	37	8	strategy	strategy	NOUN
afs-88257	37	9	for	for	ADP
afs-88257	37	10	working	work	VERB
afs-88257	37	11	capital	capital	NOUN
afs-88257	37	12	management	management	NOUN
afs-88257	37	13	was	be	AUX
afs-88257	37	14	constructed	construct	VERB
afs-88257	37	15	according	accord	VERB
afs-88257	37	16	to	to	ADP
afs-88257	37	17	the	the	DET
afs-88257	37	18	following	follow	VERB
afs-88257	37	19	formula	formula	NOUN
afs-88257	37	20	:	:	PUNCT
afs-88257	37	21	(	(	PUNCT
afs-88257	37	22	5	5	NUM
afs-88257	37	23	)	)	PUNCT
afs-88257	37	24	where	where	SCONJ
afs-88257	37	25	:	:	PUNCT
afs-88257	37	26	ai	ai	VERB
afs-88257	37	27	–	–	PUNCT
afs-88257	37	28	the	the	DET
afs-88257	37	29	complex	complex	ADJ
afs-88257	37	30	indicator	indicator	NOUN
afs-88257	37	31	,	,	PUNCT
afs-88257	37	32	αn	αn	INTJ
afs-88257	37	33	–	–	PUNCT
afs-88257	37	34	the	the	DET
afs-88257	37	35	weight	weight	NOUN
afs-88257	37	36	of	of	ADP
afs-88257	37	37	i	i	PROPN
afs-88257	37	38	factor	factor	NOUN
afs-88257	37	39	,	,	PUNCT
afs-88257	37	40	b1	b1	NOUN
afs-88257	37	41	,	,	PUNCT
afs-88257	37	42	b2	b2	NOUN
afs-88257	37	43	…	…	PUNCT
afs-88257	37	44	.	.	PUNCT
afs-88257	38	1	bn	bn	NOUN
afs-88257	38	2	components	component	NOUN
afs-88257	38	3	of	of	ADP
afs-88257	38	4	the	the	DET
afs-88257	38	5	indicator	indicator	NOUN
afs-88257	38	6	ai	ai	VERB
afs-88257	38	7	.	.	PUNCT
afs-88257	39	1	according	accord	VERB
afs-88257	39	2	to	to	ADP
afs-88257	39	3	theoretical	theoretical	ADJ
afs-88257	39	4	assumption	assumption	NOUN
afs-88257	39	5	and	and	CCONJ
afs-88257	39	6	transformation	transformation	NOUN
afs-88257	39	7	rules	rule	NOUN
afs-88257	39	8	,	,	PUNCT
afs-88257	39	9	the	the	DET
afs-88257	39	10	distribution	distribution	NOUN
afs-88257	39	11	of	of	ADP
afs-88257	39	12	values	value	NOUN
afs-88257	39	13	of	of	ADP
afs-88257	39	14	the	the	DET
afs-88257	39	15	complex	complex	ADJ
afs-88257	39	16	indicator	indicator	NOUN
afs-88257	39	17	on	on	ADP
afs-88257	39	18	the	the	DET
afs-88257	39	19	scale	scale	NOUN
afs-88257	39	20	of	of	ADP
afs-88257	39	21	[	[	X
afs-88257	39	22	0;1	0;1	NOUN
afs-88257	39	23	]	]	X
afs-88257	39	24	or	or	CCONJ
afs-88257	39	25	equivalent	equivalent	ADJ
afs-88257	39	26	[	[	X
afs-88257	39	27	0;100	0;100	X
afs-88257	39	28	]	]	PUNCT
afs-88257	39	29	means	mean	VERB
afs-88257	39	30	that	that	SCONJ
afs-88257	39	31	the	the	DET
afs-88257	39	32	maximum	maximum	NOUN
afs-88257	39	33	characterizes	characterize	VERB
afs-88257	39	34	the	the	DET
afs-88257	39	35	strategy	strategy	NOUN
afs-88257	39	36	for	for	ADP
afs-88257	39	37	working	work	VERB
afs-88257	39	38	capital	capital	NOUN
afs-88257	39	39	management	management	NOUN
afs-88257	39	40	with	with	ADP
afs-88257	39	41	the	the	DET
afs-88257	39	42	lowest	low	ADJ
afs-88257	39	43	risk	risk	NOUN
afs-88257	39	44	of	of	ADP
afs-88257	39	45	liquidity	liquidity	NOUN
afs-88257	39	46	.	.	PUNCT
afs-88257	40	1	the	the	DET
afs-88257	40	2	minimum	minimum	ADJ
afs-88257	40	3	value	value	NOUN
afs-88257	40	4	of	of	ADP
afs-88257	40	5	the	the	DET
afs-88257	40	6	complex	complex	ADJ
afs-88257	40	7	indicator	indicator	NOUN
afs-88257	40	8	corresponds	correspond	VERB
afs-88257	40	9	to	to	ADP
afs-88257	40	10	the	the	DET
afs-88257	40	11	policy	policy	NOUN
afs-88257	40	12	resulting	result	VERB
afs-88257	40	13	in	in	ADP
afs-88257	40	14	the	the	DET
afs-88257	40	15	highest	high	ADJ
afs-88257	40	16	risk	risk	NOUN
afs-88257	40	17	of	of	ADP
afs-88257	40	18	liquidity	liquidity	NOUN
afs-88257	40	19	.	.	PUNCT
afs-88257	41	1	following	follow	VERB
afs-88257	41	2	the	the	DET
afs-88257	41	3	risk	risk	NOUN
afs-88257	41	4	-	-	PUNCT
afs-88257	41	5	return	return	NOUN
afs-88257	41	6	concept	concept	NOUN
afs-88257	41	7	,	,	PUNCT
afs-88257	41	8	strategies	strategy	NOUN
afs-88257	41	9	with	with	ADP
afs-88257	41	10	a	a	DET
afs-88257	41	11	lower	low	ADJ
afs-88257	41	12	level	level	NOUN
afs-88257	41	13	of	of	ADP
afs-88257	41	14	risk	risk	NOUN
afs-88257	41	15	are	be	AUX
afs-88257	41	16	referred	refer	VERB
afs-88257	41	17	to	to	ADP
afs-88257	41	18	as	as	ADV
afs-88257	41	19	conservative	conservative	ADJ
afs-88257	41	20	,	,	PUNCT
afs-88257	41	21	and	and	CCONJ
afs-88257	41	22	those	those	PRON
afs-88257	41	23	with	with	ADP
afs-88257	41	24	a	a	DET
afs-88257	41	25	higher	high	ADJ
afs-88257	41	26	level	level	NOUN
afs-88257	41	27	of	of	ADP
afs-88257	41	28	risk	risk	NOUN
afs-88257	41	29	are	be	AUX
afs-88257	41	30	noted	note	VERB
afs-88257	41	31	as	as	ADP
afs-88257	41	32	aggressive	aggressive	ADJ
afs-88257	41	33	(	(	PUNCT
afs-88257	41	34	fig	fig	NOUN
afs-88257	41	35	.	.	NOUN
afs-88257	42	1	1	1	NUM
afs-88257	42	2	)	)	PUNCT
afs-88257	42	3	.	.	PUNCT
afs-88257	43	1	the	the	DET
afs-88257	43	2	conservative	conservative	ADJ
afs-88257	43	3	strategy	strategy	NOUN
afs-88257	43	4	for	for	ADP
afs-88257	43	5	working	work	VERB
afs-88257	43	6	capital	capital	NOUN
afs-88257	43	7	management	management	NOUN
afs-88257	43	8	maintains	maintain	VERB
afs-88257	43	9	the	the	DET
afs-88257	43	10	highest	high	ADJ
afs-88257	43	11	liquidity	liquidity	NOUN
afs-88257	43	12	by	by	ADP
afs-88257	43	13	maximizing	maximize	VERB
afs-88257	43	14	the	the	DET
afs-88257	43	15	surplus	surplus	NOUN
afs-88257	43	16	of	of	ADP
afs-88257	43	17	current	current	ADJ
afs-88257	43	18	assets	asset	NOUN
afs-88257	43	19	over	over	ADP
afs-88257	43	20	current	current	ADJ
afs-88257	43	21	liabilities	liability	NOUN
afs-88257	43	22	.	.	PUNCT
afs-88257	44	1	it	it	PRON
afs-88257	44	2	also	also	ADV
afs-88257	44	3	implies	imply	VERB
afs-88257	44	4	the	the	DET
afs-88257	44	5	excess	excess	NOUN
afs-88257	44	6	of	of	ADP
afs-88257	44	7	cash	cash	NOUN
afs-88257	44	8	and	and	CCONJ
afs-88257	44	9	the	the	DET
afs-88257	44	10	predominance	predominance	NOUN
afs-88257	44	11	of	of	ADP
afs-88257	44	12	non	non	ADJ
afs-88257	44	13	interest	interest	NOUN
afs-88257	44	14	accounts	account	NOUN
afs-88257	44	15	payable	payable	ADJ
afs-88257	44	16	in	in	ADP
afs-88257	44	17	the	the	DET
afs-88257	44	18	structure	structure	NOUN
afs-88257	44	19	of	of	ADP
afs-88257	44	20	current	current	ADJ
afs-88257	44	21	assets	asset	NOUN
afs-88257	44	22	and	and	CCONJ
afs-88257	44	23	liabilities	liability	NOUN
afs-88257	44	24	.	.	PUNCT
afs-88257	45	1	conversely	conversely	ADV
afs-88257	45	2	,	,	PUNCT
afs-88257	45	3	for	for	ADP
afs-88257	45	4	aggressive	aggressive	ADJ
afs-88257	45	5	strategy	strategy	NOUN
afs-88257	45	6	,	,	PUNCT
afs-88257	45	7	a	a	DET
afs-88257	45	8	high	high	ADJ
afs-88257	45	9	liquidity	liquidity	NOUN
afs-88257	45	10	risk	risk	NOUN
afs-88257	45	11	relates	relate	VERB
afs-88257	45	12	to	to	ADP
afs-88257	45	13	a	a	DET
afs-88257	45	14	drop	drop	NOUN
afs-88257	45	15	in	in	ADP
afs-88257	45	16	current	current	ADJ
afs-88257	45	17	assets	asset	NOUN
afs-88257	45	18	,	,	PUNCT
afs-88257	45	19	and	and	CCONJ
afs-88257	45	20	an	an	DET
afs-88257	45	21	increase	increase	NOUN
afs-88257	45	22	in	in	ADP
afs-88257	45	23	short	short	ADJ
afs-88257	45	24	-	-	PUNCT
afs-88257	45	25	term	term	NOUN
afs-88257	45	26	liabilities	liability	NOUN
afs-88257	45	27	,	,	PUNCT
afs-88257	45	28	particularly	particularly	ADV
afs-88257	45	29	financial	financial	ADJ
afs-88257	45	30	debt	debt	NOUN
afs-88257	45	31	.	.	PUNCT
afs-88257	46	1	the	the	DET
afs-88257	46	2	relationship	relationship	NOUN
afs-88257	46	3	between	between	ADP
afs-88257	46	4	the	the	DET
afs-88257	46	5	sub	sub	NOUN
afs-88257	46	6	-	-	NOUN
afs-88257	46	7	indicators	indicator	NOUN
afs-88257	46	8	of	of	ADP
afs-88257	46	9	current	current	ADJ
afs-88257	46	10	assets	asset	NOUN
afs-88257	46	11	(	(	PUNCT
afs-88257	46	12	a1	a1	NOUN
afs-88257	46	13	)	)	PUNCT
afs-88257	46	14	and	and	CCONJ
afs-88257	46	15	current	current	ADJ
afs-88257	46	16	liabilities	liability	NOUN
afs-88257	46	17	(	(	PUNCT
afs-88257	46	18	a2	a2	PROPN
afs-88257	46	19	)	)	PUNCT
afs-88257	46	20	suggests	suggest	VERB
afs-88257	46	21	four	four	NUM
afs-88257	46	22	types	type	NOUN
afs-88257	46	23	of	of	ADP
afs-88257	46	24	strategies	strategy	NOUN
afs-88257	46	25	for	for	ADP
afs-88257	46	26	working	work	VERB
afs-88257	46	27	capital	capital	NOUN
afs-88257	46	28	management	management	NOUN
afs-88257	46	29	(	(	PUNCT
afs-88257	46	30	fig	fig	NOUN
afs-88257	46	31	.	.	PUNCT
afs-88257	47	1	2	2	NUM
afs-88257	47	2	)	)	PUNCT
afs-88257	47	3	.	.	PUNCT
afs-88257	48	1	strategies	strategy	NOUN
afs-88257	48	2	a	a	PRON
afs-88257	48	3	and	and	CCONJ
afs-88257	48	4	c	c	NOUN
afs-88257	48	5	depict	depict	VERB
afs-88257	48	6	two	two	NUM
afs-88257	48	7	opposite	opposite	ADJ
afs-88257	48	8	scenarios	scenario	NOUN
afs-88257	48	9	for	for	ADP
afs-88257	48	10	working	work	VERB
afs-88257	48	11	capital	capital	NOUN
afs-88257	48	12	management	management	NOUN
afs-88257	48	13	in	in	ADP
afs-88257	48	14	terms	term	NOUN
afs-88257	48	15	of	of	ADP
afs-88257	48	16	risk	risk	NOUN
afs-88257	48	17	of	of	ADP
afs-88257	48	18	liquidity	liquidity	NOUN
afs-88257	48	19	.	.	PUNCT
afs-88257	49	1	in	in	ADP
afs-88257	49	2	strategies	strategy	NOUN
afs-88257	49	3	b	b	PROPN
afs-88257	49	4	and	and	CCONJ
afs-88257	49	5	d	d	NOUN
afs-88257	49	6	,	,	PUNCT
afs-88257	49	7	the	the	DET
afs-88257	49	8	overall	overall	ADJ
afs-88257	49	9	moderate	moderate	ADJ
afs-88257	49	10	risk	risk	NOUN
afs-88257	49	11	of	of	ADP
afs-88257	49	12	liquidity	liquidity	NOUN
afs-88257	49	13	derives	derive	VERB
afs-88257	49	14	from	from	ADP
afs-88257	49	15	various	various	ADJ
afs-88257	49	16	combinations	combination	NOUN
afs-88257	49	17	between	between	ADP
afs-88257	49	18	current	current	ADJ
afs-88257	49	19	assets	asset	NOUN
afs-88257	49	20	and	and	CCONJ
afs-88257	49	21	liabilities	liability	NOUN
afs-88257	49	22	.	.	PUNCT
afs-88257	50	1	theoretically	theoretically	ADV
afs-88257	50	2	,	,	PUNCT
afs-88257	50	3	the	the	DET
afs-88257	50	4	classification	classification	NOUN
afs-88257	50	5	of	of	ADP
afs-88257	50	6	strategies	strategy	NOUN
afs-88257	50	7	for	for	ADP
afs-88257	50	8	particular	particular	ADJ
afs-88257	50	9	firms	firm	NOUN
afs-88257	50	10	always	always	ADV
afs-88257	50	11	relies	rely	VERB
afs-88257	50	12	on	on	ADP
afs-88257	50	13	the	the	DET
afs-88257	50	14	distribution	distribution	NOUN
afs-88257	50	15	of	of	ADP
afs-88257	50	16	transformed	transform	VERB
afs-88257	50	17	values	value	NOUN
afs-88257	50	18	in	in	ADP
afs-88257	50	19	the	the	DET
afs-88257	50	20	fuzzy	fuzzy	ADJ
afs-88257	50	21	dataset	dataset	NOUN
afs-88257	50	22	and	and	CCONJ
afs-88257	50	23	the	the	DET
afs-88257	50	24	choice	choice	NOUN
afs-88257	50	25	of	of	ADP
afs-88257	50	26	the	the	DET
afs-88257	50	27	reference	reference	NOUN
afs-88257	50	28	point	point	NOUN
afs-88257	50	29	or	or	CCONJ
afs-88257	50	30	a	a	DET
afs-88257	50	31	benchmark	benchmark	NOUN
afs-88257	50	32	.	.	PUNCT
afs-88257	51	1	however	however	ADV
afs-88257	51	2	,	,	PUNCT
afs-88257	51	3	from	from	ADP
afs-88257	51	4	a	a	DET
afs-88257	51	5	practical	practical	ADJ
afs-88257	51	6	point	point	NOUN
afs-88257	51	7	of	of	ADP
afs-88257	51	8	view	view	NOUN
afs-88257	51	9	,	,	PUNCT
afs-88257	51	10	different	different	ADJ
afs-88257	51	11	firm	firm	ADJ
afs-88257	51	12	-	-	PUNCT
afs-88257	51	13	level	level	NOUN
afs-88257	51	14	factors	factor	NOUN
afs-88257	51	15	such	such	ADJ
afs-88257	51	16	as	as	ADP
afs-88257	51	17	specificity	specificity	NOUN
afs-88257	51	18	of	of	ADP
afs-88257	51	19	operations	operation	NOUN
afs-88257	51	20	,	,	PUNCT
afs-88257	51	21	organizational	organizational	ADJ
afs-88257	51	22	structure	structure	NOUN
afs-88257	51	23	,	,	PUNCT
afs-88257	51	24	or	or	CCONJ
afs-88257	51	25	market	market	NOUN
afs-88257	51	26	position	position	NOUN
afs-88257	51	27	of	of	ADP
afs-88257	51	28	a	a	DET
afs-88257	51	29	company	company	NOUN
afs-88257	51	30	,	,	PUNCT
afs-88257	51	31	as	as	ADV
afs-88257	51	32	well	well	ADV
afs-88257	51	33	as	as	ADP
afs-88257	51	34	external	external	ADJ
afs-88257	51	35	variables	variable	NOUN
afs-88257	51	36	including	include	VERB
afs-88257	51	37	industry	industry	NOUN
afs-88257	51	38	,	,	PUNCT
afs-88257	51	39	a	a	DET
afs-88257	51	40	stage	stage	NOUN
afs-88257	51	41	of	of	ADP
afs-88257	51	42	a	a	DET
afs-88257	51	43	business	business	NOUN
afs-88257	51	44	cycle	cycle	NOUN
afs-88257	51	45	or	or	CCONJ
afs-88257	51	46	complexity	complexity	NOUN
afs-88257	51	47	of	of	ADP
afs-88257	51	48	a	a	DET
afs-88257	51	49	supply	supply	NOUN
afs-88257	51	50	chain	chain	NOUN
afs-88257	51	51	,	,	PUNCT
afs-88257	51	52	may	may	AUX
afs-88257	51	53	influence	influence	VERB
afs-88257	51	54	the	the	DET
afs-88257	51	55	classification	classification	NOUN
afs-88257	51	56	of	of	ADP
afs-88257	51	57	strategies	strategy	NOUN
afs-88257	51	58	in	in	ADP
afs-88257	51	59	a	a	DET
afs-88257	51	60	particular	particular	ADJ
afs-88257	51	61	group	group	NOUN
afs-88257	51	62	of	of	ADP
afs-88257	51	63	entities	entity	NOUN
afs-88257	51	64	.	.	PUNCT
afs-88257	52	1	therefore	therefore	ADV
afs-88257	52	2	,	,	PUNCT
afs-88257	52	3	policies	policy	NOUN
afs-88257	52	4	considered	consider	VERB
afs-88257	52	5	to	to	PART
afs-88257	52	6	be	be	AUX
afs-88257	52	7	aggressive	aggressive	ADJ
afs-88257	52	8	or	or	CCONJ
afs-88257	52	9	moderate	moderate	ADJ
afs-88257	52	10	in	in	ADP
afs-88257	52	11	one	one	NUM
afs-88257	52	12	sample	sample	NOUN
afs-88257	52	13	may	may	AUX
afs-88257	52	14	turn	turn	VERB
afs-88257	52	15	conservative	conservative	ADJ
afs-88257	52	16	in	in	ADP
afs-88257	52	17	another	another	DET
afs-88257	52	18	one	one	NOUN
afs-88257	52	19	in	in	ADP
afs-88257	52	20	a	a	DET
afs-88257	52	21	particular	particular	ADJ
afs-88257	52	22	period	period	NOUN
afs-88257	52	23	that	that	PRON
afs-88257	52	24	would	would	AUX
afs-88257	52	25	largely	largely	ADV
afs-88257	52	26	depend	depend	VERB
afs-88257	52	27	on	on	ADP
afs-88257	52	28	numerous	numerous	ADJ
afs-88257	52	29	external	external	ADJ
afs-88257	52	30	and	and	CCONJ
afs-88257	52	31	internal	internal	ADJ
afs-88257	52	32	economic	economic	ADJ
afs-88257	52	33	factors	factor	NOUN
afs-88257	52	34	.	.	PUNCT
afs-88257	53	1	in	in	ADP
afs-88257	53	2	this	this	DET
afs-88257	53	3	context	context	NOUN
afs-88257	53	4	,	,	PUNCT
afs-88257	53	5	it	it	PRON
afs-88257	53	6	should	should	AUX
afs-88257	53	7	be	be	AUX
afs-88257	53	8	mentioned	mention	VERB
afs-88257	53	9	that	that	SCONJ
afs-88257	53	10	the	the	DET
afs-88257	53	11	study	study	NOUN
afs-88257	53	12	presents	present	VERB
afs-88257	53	13	the	the	DET
afs-88257	53	14	conceptual	conceptual	ADJ
afs-88257	53	15	framework	framework	NOUN
afs-88257	53	16	and	and	CCONJ
afs-88257	53	17	a	a	DET
afs-88257	53	18	methodological	methodological	ADJ
afs-88257	53	19	approach	approach	NOUN
afs-88257	53	20	to	to	ADP
afs-88257	53	21	the	the	DET
afs-88257	53	22	definition	definition	NOUN
afs-88257	53	23	and	and	CCONJ
afs-88257	53	24	assessment	assessment	NOUN
afs-88257	53	25	of	of	ADP
afs-88257	53	26	the	the	DET
afs-88257	53	27	working	work	VERB
afs-88257	53	28	capital	capital	NOUN
afs-88257	53	29	strategy	strategy	NOUN
afs-88257	53	30	on	on	ADP
afs-88257	53	31	a	a	DET
afs-88257	53	32	firm	firm	ADJ
afs-88257	53	33	-	-	PUNCT
afs-88257	53	34	level	level	NOUN
afs-88257	53	35	.	.	PUNCT
afs-88257	54	1	virtually	virtually	ADV
afs-88257	54	2	,	,	PUNCT
afs-88257	54	3	depending	depend	VERB
afs-88257	54	4	on	on	ADP
afs-88257	54	5	the	the	DET
afs-88257	54	6	selected	select	VERB
afs-88257	54	7	criteria	criterion	NOUN
afs-88257	54	8	,	,	PUNCT
afs-88257	54	9	the	the	DET
afs-88257	54	10	manager	manager	NOUN
afs-88257	54	11	can	can	AUX
afs-88257	54	12	easily	easily	ADV
afs-88257	54	13	adjust	adjust	VERB
afs-88257	54	14	the	the	DET
afs-88257	54	15	combination	combination	NOUN
afs-88257	54	16	of	of	ADP
afs-88257	54	17	proposed	propose	VERB
afs-88257	54	18	variables	variable	NOUN
afs-88257	54	19	or	or	CCONJ
afs-88257	54	20	change	change	VERB
afs-88257	54	21	the	the	DET
afs-88257	54	22	benchmark	benchmark	ADJ
afs-88257	54	23	𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤	NOUN
afs-88257	54	24	=	=	SYM
afs-88257	54	25	1	1	NUM
afs-88257	54	26	𝑛𝑛𝑛𝑛	𝑛𝑛𝑛𝑛	NOUN
afs-88257	54	27	�	�	NOUN
afs-88257	54	28	𝑤𝑤𝑤𝑤𝑖𝑖𝑖𝑖	𝑤𝑤𝑤𝑤𝑖𝑖𝑖𝑖	NOUN
afs-88257	54	29	=	=	SYM
afs-88257	54	30	1	1	NUM
afs-88257	54	31	8	8	NUM
afs-88257	54	32	𝑖𝑖𝑖𝑖=1	𝑖𝑖𝑖𝑖=1	PUNCT
afs-88257	54	33	𝐴𝐴𝐴𝐴𝑖𝑖𝑖𝑖	𝐴𝐴𝐴𝐴𝑖𝑖𝑖𝑖	PROPN
afs-88257	54	34	=	=	SYM
afs-88257	54	35	100	100	NUM
afs-88257	54	36	∗	∗	NOUN
afs-88257	54	37	(	(	PUNCT
afs-88257	54	38	𝑎𝑎𝑎𝑎1,𝑎𝑎𝑎𝑎2	𝑎𝑎𝑎𝑎1,𝑎𝑎𝑎𝑎2	NOUN
afs-88257	54	39	…	…	SYM
afs-88257	54	40	𝑎𝑎𝑎𝑎𝑛𝑛𝑛𝑛	𝑎𝑎𝑎𝑎𝑛𝑛𝑛𝑛	NOUN
afs-88257	54	41	)	)	PUNCT
afs-88257	54	42	×	×	PROPN
afs-88257	54	43	�	�	PROPN
afs-88257	54	44	𝑟𝑟𝑟𝑟11	𝑟𝑟𝑟𝑟11	PROPN
afs-88257	54	45	𝑟𝑟𝑟𝑟12	𝑟𝑟𝑟𝑟12	PROPN
afs-88257	54	46	…	…	PUNCT
afs-88257	54	47	𝑟𝑟𝑟𝑟1𝑛𝑛𝑛𝑛	𝑟𝑟𝑟𝑟1𝑛𝑛𝑛𝑛	X
afs-88257	54	48	…	…	PUNCT
afs-88257	54	49	…	…	PUNCT
afs-88257	54	50	…	…	PUNCT
afs-88257	54	51	…	…	PUNCT
afs-88257	54	52	…	…	PUNCT
afs-88257	54	53	…	…	PUNCT
afs-88257	54	54	𝑟𝑟𝑟𝑟81	𝑟𝑟𝑟𝑟81	NOUN
afs-88257	54	55	𝑟𝑟𝑟𝑟82	𝑟𝑟𝑟𝑟82	NOUN
afs-88257	54	56	…	…	PUNCT
afs-88257	54	57	𝑟𝑟𝑟𝑟8𝑛𝑛𝑛𝑛	𝑟𝑟𝑟𝑟8𝑛𝑛𝑛𝑛	PROPN
afs-88257	54	58	�	�	PROPN
afs-88257	54	59	=	=	SYM
afs-88257	54	60	(	(	PUNCT
afs-88257	54	61	𝑏𝑏𝑏𝑏1,𝑏𝑏𝑏𝑏2	𝑏𝑏𝑏𝑏1,𝑏𝑏𝑏𝑏2	PROPN
afs-88257	54	62	…	…	SYM
afs-88257	54	63	𝑏𝑏𝑏𝑏𝑛𝑛𝑛𝑛	𝑏𝑏𝑏𝑏𝑛𝑛𝑛𝑛	ADJ
afs-88257	54	64	)	)	PUNCT
afs-88257	54	65	fig	fig	NOUN
afs-88257	54	66	.	.	PUNCT
afs-88257	55	1	1	1	X
afs-88257	55	2	.	.	X
afs-88257	55	3	a	a	DET
afs-88257	55	4	fuzzy	fuzzy	ADJ
afs-88257	55	5	logic	logic	NOUN
afs-88257	55	6	approach	approach	NOUN
afs-88257	55	7	to	to	ADP
afs-88257	55	8	the	the	DET
afs-88257	55	9	strategy	strategy	NOUN
afs-88257	55	10	for	for	ADP
afs-88257	55	11	working	work	VERB
afs-88257	55	12	capital	capital	NOUN
afs-88257	55	13	management	management	NOUN
afs-88257	55	14	agricultural	agricultural	ADJ
afs-88257	55	15	and	and	CCONJ
afs-88257	55	16	food	food	NOUN
afs-88257	55	17	science	science	NOUN
afs-88257	55	18	s.	s.	PROPN
afs-88257	55	19	zabolotnyy	zabolotnyy	PROPN
afs-88257	55	20	&	&	CCONJ
afs-88257	55	21	t.	t.	PROPN
afs-88257	55	22	sipiläinen	sipiläinen	PROPN
afs-88257	55	23	(	(	PUNCT
afs-88257	55	24	2020	2020	NUM
afs-88257	55	25	)	)	PUNCT
afs-88257	55	26	29	29	NUM
afs-88257	55	27	:	:	PUNCT
afs-88257	56	1	239–249	239–249	NUM
afs-88257	56	2	242	242	NUM
afs-88257	56	3	to	to	PART
afs-88257	56	4	fit	fit	VERB
afs-88257	56	5	the	the	DET
afs-88257	56	6	evaluation	evaluation	NOUN
afs-88257	56	7	of	of	ADP
afs-88257	56	8	business	business	NOUN
afs-88257	56	9	performance	performance	NOUN
afs-88257	56	10	to	to	ADP
afs-88257	56	11	the	the	DET
afs-88257	56	12	particular	particular	ADJ
afs-88257	56	13	goal	goal	NOUN
afs-88257	56	14	of	of	ADP
afs-88257	56	15	the	the	DET
afs-88257	56	16	analysis	analysis	NOUN
afs-88257	56	17	.	.	PUNCT
afs-88257	57	1	for	for	ADP
afs-88257	57	2	example	example	NOUN
afs-88257	57	3	,	,	PUNCT
afs-88257	57	4	the	the	DET
afs-88257	57	5	introduction	introduction	NOUN
afs-88257	57	6	of	of	ADP
afs-88257	57	7	such	such	ADJ
afs-88257	57	8	“	"	PUNCT
afs-88257	57	9	growth	growth	NOUN
afs-88257	57	10	”	"	PUNCT
afs-88257	57	11	factors	factor	NOUN
afs-88257	57	12	as	as	ADP
afs-88257	57	13	a	a	DET
afs-88257	57	14	change	change	NOUN
afs-88257	57	15	in	in	ADP
afs-88257	57	16	revenue	revenue	NOUN
afs-88257	57	17	,	,	PUNCT
afs-88257	57	18	level	level	NOUN
afs-88257	57	19	of	of	ADP
afs-88257	57	20	profitability	profitability	NOUN
afs-88257	57	21	,	,	PUNCT
afs-88257	57	22	investment	investment	NOUN
afs-88257	57	23	rate	rate	NOUN
afs-88257	57	24	,	,	PUNCT
afs-88257	57	25	or	or	CCONJ
afs-88257	57	26	market	market	NOUN
afs-88257	57	27	position	position	NOUN
afs-88257	57	28	of	of	ADP
afs-88257	57	29	a	a	DET
afs-88257	57	30	company	company	NOUN
afs-88257	57	31	would	would	AUX
afs-88257	57	32	probably	probably	ADV
afs-88257	57	33	help	help	VERB
afs-88257	57	34	better	well	ADV
afs-88257	57	35	understand	understand	VERB
afs-88257	57	36	the	the	DET
afs-88257	57	37	impact	impact	NOUN
afs-88257	57	38	of	of	ADP
afs-88257	57	39	the	the	DET
afs-88257	57	40	business	business	NOUN
afs-88257	57	41	environment	environment	NOUN
afs-88257	57	42	on	on	ADP
afs-88257	57	43	the	the	DET
afs-88257	57	44	relevant	relevant	ADJ
afs-88257	57	45	strategy	strategy	NOUN
afs-88257	57	46	.	.	PUNCT
afs-88257	58	1	in	in	ADP
afs-88257	58	2	our	our	PRON
afs-88257	58	3	case	case	NOUN
afs-88257	58	4	,	,	PUNCT
afs-88257	58	5	the	the	DET
afs-88257	58	6	inclusion	inclusion	NOUN
afs-88257	58	7	of	of	ADP
afs-88257	58	8	new	new	ADJ
afs-88257	58	9	business	business	NOUN
afs-88257	58	10	factors	factor	NOUN
afs-88257	58	11	into	into	ADP
afs-88257	58	12	the	the	DET
afs-88257	58	13	assessment	assessment	NOUN
afs-88257	58	14	of	of	ADP
afs-88257	58	15	the	the	DET
afs-88257	58	16	working	work	VERB
afs-88257	58	17	capital	capital	NOUN
afs-88257	58	18	management	management	NOUN
afs-88257	58	19	of	of	ADP
afs-88257	58	20	food	food	NOUN
afs-88257	58	21	companies	company	NOUN
afs-88257	58	22	from	from	ADP
afs-88257	58	23	the	the	DET
afs-88257	58	24	research	research	NOUN
afs-88257	58	25	sample	sample	NOUN
afs-88257	58	26	would	would	AUX
afs-88257	58	27	require	require	VERB
afs-88257	58	28	a	a	DET
afs-88257	58	29	broader	broad	ADJ
afs-88257	58	30	study	study	NOUN
afs-88257	58	31	of	of	ADP
afs-88257	58	32	the	the	DET
afs-88257	58	33	strength	strength	NOUN
afs-88257	58	34	and	and	CCONJ
afs-88257	58	35	direction	direction	NOUN
afs-88257	58	36	of	of	ADP
afs-88257	58	37	their	their	PRON
afs-88257	58	38	potential	potential	ADJ
afs-88257	58	39	impact	impact	NOUN
afs-88257	58	40	that	that	PRON
afs-88257	58	41	goes	go	VERB
afs-88257	58	42	beyond	beyond	ADP
afs-88257	58	43	the	the	DET
afs-88257	58	44	scope	scope	NOUN
afs-88257	58	45	of	of	ADP
afs-88257	58	46	the	the	DET
afs-88257	58	47	presented	present	VERB
afs-88257	58	48	methodological	methodological	ADJ
afs-88257	58	49	approach	approach	NOUN
afs-88257	58	50	.	.	PUNCT
afs-88257	59	1	the	the	DET
afs-88257	59	2	study	study	NOUN
afs-88257	59	3	covered	cover	VERB
afs-88257	59	4	the	the	DET
afs-88257	59	5	sample	sample	NOUN
afs-88257	59	6	of	of	ADP
afs-88257	59	7	twelve	twelve	NUM
afs-88257	59	8	joint	joint	ADJ
afs-88257	59	9	-	-	PUNCT
afs-88257	59	10	stock	stock	NOUN
afs-88257	59	11	food	food	NOUN
afs-88257	59	12	companies	company	NOUN
afs-88257	59	13	from	from	ADP
afs-88257	59	14	northern	northern	PROPN
afs-88257	59	15	europe	europe	PROPN
afs-88257	59	16	:	:	PUNCT
afs-88257	59	17	six	six	NUM
afs-88257	59	18	from	from	ADP
afs-88257	59	19	norway	norway	PROPN
afs-88257	59	20	,	,	PUNCT
afs-88257	59	21	four	four	NUM
afs-88257	59	22	from	from	ADP
afs-88257	59	23	finland	finland	PROPN
afs-88257	59	24	,	,	PUNCT
afs-88257	59	25	and	and	CCONJ
afs-88257	59	26	two	two	NUM
afs-88257	59	27	from	from	ADP
afs-88257	59	28	sweden	sweden	PROPN
afs-88257	59	29	.	.	PUNCT
afs-88257	60	1	it	it	PRON
afs-88257	60	2	included	include	VERB
afs-88257	60	3	five	five	NUM
afs-88257	60	4	companies	company	NOUN
afs-88257	60	5	engaged	engage	VERB
afs-88257	60	6	in	in	ADP
afs-88257	60	7	the	the	DET
afs-88257	60	8	production	production	NOUN
afs-88257	60	9	of	of	ADP
afs-88257	60	10	seafood	seafood	NOUN
afs-88257	60	11	,	,	PUNCT
afs-88257	60	12	two	two	NUM
afs-88257	60	13	firms	firm	NOUN
afs-88257	60	14	from	from	ADP
afs-88257	60	15	the	the	DET
afs-88257	60	16	meat	meat	NOUN
afs-88257	60	17	sector	sector	NOUN
afs-88257	60	18	,	,	PUNCT
afs-88257	60	19	three	three	NUM
afs-88257	60	20	suppliers	supplier	NOUN
afs-88257	60	21	of	of	ADP
afs-88257	60	22	a	a	DET
afs-88257	60	23	variety	variety	NOUN
afs-88257	60	24	of	of	ADP
afs-88257	60	25	food	food	NOUN
afs-88257	60	26	consumer	consumer	NOUN
afs-88257	60	27	goods	good	NOUN
afs-88257	60	28	,	,	PUNCT
afs-88257	60	29	one	one	NUM
afs-88257	60	30	company	company	NOUN
afs-88257	60	31	producing	produce	VERB
afs-88257	60	32	oil	oil	NOUN
afs-88257	60	33	products	product	NOUN
afs-88257	60	34	,	,	PUNCT
afs-88257	60	35	and	and	CCONJ
afs-88257	60	36	one	one	NUM
afs-88257	60	37	supplier	supplier	NOUN
afs-88257	60	38	of	of	ADP
afs-88257	60	39	flour	flour	NOUN
afs-88257	60	40	and	and	CCONJ
afs-88257	60	41	cereal	cereal	NOUN
afs-88257	60	42	products	product	NOUN
afs-88257	60	43	.	.	PUNCT
afs-88257	61	1	all	all	DET
afs-88257	61	2	food	food	NOUN
afs-88257	61	3	companies	company	NOUN
afs-88257	61	4	from	from	ADP
afs-88257	61	5	the	the	DET
afs-88257	61	6	sample	sample	NOUN
afs-88257	61	7	were	be	AUX
afs-88257	61	8	listed	list	VERB
afs-88257	61	9	in	in	ADP
afs-88257	61	10	stock	stock	NOUN
afs-88257	61	11	exchanges	exchange	NOUN
afs-88257	61	12	of	of	ADP
afs-88257	61	13	northern	northern	ADJ
afs-88257	61	14	europe	europe	PROPN
afs-88257	61	15	and	and	CCONJ
afs-88257	61	16	publicly	publicly	ADV
afs-88257	61	17	announced	announce	VERB
afs-88257	61	18	their	their	PRON
afs-88257	61	19	consolidated	consolidated	ADJ
afs-88257	61	20	financial	financial	ADJ
afs-88257	61	21	statements	statement	NOUN
afs-88257	61	22	in	in	ADP
afs-88257	61	23	2005–2015	2005–2015	NUM
afs-88257	61	24	.	.	PUNCT
afs-88257	62	1	the	the	DET
afs-88257	62	2	bloomberg	bloomberg	PROPN
afs-88257	62	3	(	(	PUNCT
afs-88257	62	4	www.bloomberg.com	www.bloomberg.com	NOUN
afs-88257	62	5	)	)	PUNCT
afs-88257	62	6	and	and	CCONJ
afs-88257	62	7	thomson	thomson	PROPN
afs-88257	62	8	reuters	reuters	PROPN
afs-88257	62	9	(	(	PUNCT
afs-88257	62	10	www.thomsonreuters.com	www.thomsonreuters.com	NOUN
afs-88257	62	11	)	)	PUNCT
afs-88257	62	12	databases	database	NOUN
afs-88257	62	13	were	be	AUX
afs-88257	62	14	used	use	VERB
afs-88257	62	15	to	to	PART
afs-88257	62	16	access	access	VERB
afs-88257	62	17	the	the	DET
afs-88257	62	18	public	public	ADJ
afs-88257	62	19	financial	financial	ADJ
afs-88257	62	20	data	datum	NOUN
afs-88257	62	21	of	of	ADP
afs-88257	62	22	the	the	DET
afs-88257	62	23	sample	sample	NOUN
afs-88257	62	24	companies	company	NOUN
afs-88257	62	25	.	.	PUNCT
afs-88257	63	1	the	the	DET
afs-88257	63	2	research	research	NOUN
afs-88257	63	3	sample	sample	NOUN
afs-88257	63	4	was	be	AUX
afs-88257	63	5	quite	quite	ADV
afs-88257	63	6	specific	specific	ADJ
afs-88257	63	7	due	due	ADP
afs-88257	63	8	to	to	ADP
afs-88257	63	9	the	the	DET
afs-88257	63	10	size	size	NOUN
afs-88257	63	11	,	,	PUNCT
afs-88257	63	12	structure	structure	NOUN
afs-88257	63	13	,	,	PUNCT
afs-88257	63	14	and	and	CCONJ
afs-88257	63	15	strength	strength	NOUN
afs-88257	63	16	of	of	ADP
afs-88257	63	17	particular	particular	ADJ
afs-88257	63	18	companies	company	NOUN
afs-88257	63	19	as	as	SCONJ
afs-88257	63	20	they	they	PRON
afs-88257	63	21	probably	probably	ADV
afs-88257	63	22	represent	represent	VERB
afs-88257	63	23	the	the	DET
afs-88257	63	24	most	most	ADV
afs-88257	63	25	technologically	technologically	ADV
afs-88257	63	26	advanced	advanced	ADJ
afs-88257	63	27	and	and	CCONJ
afs-88257	63	28	insightful	insightful	ADJ
afs-88257	63	29	vertically	vertically	ADV
afs-88257	63	30	integrated	integrate	VERB
afs-88257	63	31	business	business	NOUN
afs-88257	63	32	models	model	NOUN
afs-88257	63	33	functioning	function	VERB
afs-88257	63	34	in	in	ADP
afs-88257	63	35	the	the	DET
afs-88257	63	36	global	global	ADJ
afs-88257	63	37	food	food	NOUN
afs-88257	63	38	industry	industry	NOUN
afs-88257	63	39	.	.	PUNCT
afs-88257	64	1	in	in	ADP
afs-88257	64	2	2005–2015	2005–2015	NUM
afs-88257	64	3	the	the	DET
afs-88257	64	4	average	average	NOUN
afs-88257	64	5	and	and	CCONJ
afs-88257	64	6	the	the	DET
afs-88257	64	7	median	median	NOUN
afs-88257	64	8	for	for	ADP
afs-88257	64	9	revenue	revenue	NOUN
afs-88257	64	10	of	of	ADP
afs-88257	64	11	food	food	NOUN
afs-88257	64	12	companies	company	NOUN
afs-88257	64	13	in	in	ADP
afs-88257	64	14	the	the	DET
afs-88257	64	15	sample	sample	NOUN
afs-88257	64	16	were	be	AUX
afs-88257	64	17	1779	1779	NUM
afs-88257	64	18	mln	mln	NUM
afs-88257	64	19	usd	usd	NOUN
afs-88257	64	20	and	and	CCONJ
afs-88257	64	21	1184	1184	NUM
afs-88257	64	22	mln	mln	NUM
afs-88257	64	23	usd	usd	NOUN
afs-88257	64	24	,	,	PUNCT
afs-88257	64	25	while	while	SCONJ
afs-88257	64	26	their	their	PRON
afs-88257	64	27	average	average	NOUN
afs-88257	64	28	and	and	CCONJ
afs-88257	64	29	the	the	DET
afs-88257	64	30	median	median	NOUN
afs-88257	64	31	for	for	ADP
afs-88257	64	32	assets	asset	NOUN
afs-88257	64	33	amounted	amount	VERB
afs-88257	64	34	to	to	ADP
afs-88257	64	35	2210	2210	NUM
afs-88257	64	36	mln	mln	NUM
afs-88257	64	37	usd	usd	NOUN
afs-88257	64	38	and	and	CCONJ
afs-88257	64	39	1154	1154	NUM
afs-88257	64	40	mln	mln	NUM
afs-88257	64	41	usd	usd	NOUN
afs-88257	64	42	accordingly	accordingly	ADV
afs-88257	64	43	.	.	PUNCT
afs-88257	65	1	the	the	DET
afs-88257	65	2	results	result	NOUN
afs-88257	65	3	of	of	ADP
afs-88257	65	4	the	the	DET
afs-88257	65	5	research	research	NOUN
afs-88257	65	6	are	be	AUX
afs-88257	65	7	not	not	PART
afs-88257	65	8	extrapolated	extrapolate	VERB
afs-88257	65	9	on	on	ADP
afs-88257	65	10	a	a	DET
afs-88257	65	11	larger	large	ADJ
afs-88257	65	12	population	population	NOUN
afs-88257	65	13	to	to	PART
afs-88257	65	14	avoid	avoid	VERB
afs-88257	65	15	the	the	DET
afs-88257	65	16	fuzziness	fuzziness	NOUN
afs-88257	65	17	problem	problem	NOUN
afs-88257	65	18	in	in	ADP
afs-88257	65	19	the	the	DET
afs-88257	65	20	applied	apply	VERB
afs-88257	65	21	method	method	NOUN
afs-88257	65	22	(	(	PUNCT
afs-88257	65	23	sanches	sanche	NOUN
afs-88257	65	24	and	and	CCONJ
afs-88257	65	25	trillas	trilla	NOUN
afs-88257	65	26	2012	2012	NUM
afs-88257	65	27	)	)	PUNCT
afs-88257	65	28	.	.	PUNCT
afs-88257	66	1	results	result	NOUN
afs-88257	66	2	and	and	CCONJ
afs-88257	66	3	discussion	discussion	NOUN
afs-88257	66	4	food	food	NOUN
afs-88257	66	5	companies	company	NOUN
afs-88257	66	6	from	from	ADP
afs-88257	66	7	northern	northern	PROPN
afs-88257	66	8	europe	europe	PROPN
afs-88257	66	9	demonstrated	demonstrate	VERB
afs-88257	66	10	moderate	moderate	ADJ
afs-88257	66	11	fluctuations	fluctuation	NOUN
afs-88257	66	12	in	in	ADP
afs-88257	66	13	liquidity	liquidity	NOUN
afs-88257	66	14	ratios	ratio	NOUN
afs-88257	66	15	in	in	ADP
afs-88257	66	16	2005–2015	2005–2015	NUM
afs-88257	66	17	(	(	PUNCT
afs-88257	66	18	fig	fig	NOUN
afs-88257	66	19	.	.	PUNCT
afs-88257	67	1	3	3	NUM
afs-88257	67	2	)	)	PUNCT
afs-88257	67	3	.	.	PUNCT
afs-88257	68	1	the	the	DET
afs-88257	68	2	ratio	ratio	NOUN
afs-88257	68	3	of	of	ADP
afs-88257	68	4	net	net	ADJ
afs-88257	68	5	working	work	VERB
afs-88257	68	6	capital	capital	NOUN
afs-88257	68	7	to	to	ADP
afs-88257	68	8	total	total	ADJ
afs-88257	68	9	assets	asset	NOUN
afs-88257	68	10	is	be	AUX
afs-88257	68	11	scaled	scale	VERB
afs-88257	68	12	on	on	ADP
afs-88257	68	13	the	the	DET
afs-88257	68	14	left	left	ADJ
afs-88257	68	15	vertical	vertical	ADJ
afs-88257	68	16	axis	axis	NOUN
afs-88257	68	17	,	,	PUNCT
afs-88257	68	18	and	and	CCONJ
afs-88257	68	19	the	the	DET
afs-88257	68	20	liquidity	liquidity	NOUN
afs-88257	68	21	ratios	ratio	NOUN
afs-88257	68	22	are	be	AUX
afs-88257	68	23	attributed	attribute	VERB
afs-88257	68	24	to	to	ADP
afs-88257	68	25	the	the	DET
afs-88257	68	26	right	right	ADJ
afs-88257	68	27	vertical	vertical	ADJ
afs-88257	68	28	axis	axis	NOUN
afs-88257	68	29	.	.	PUNCT
afs-88257	69	1	the	the	DET
afs-88257	69	2	average	average	ADJ
afs-88257	69	3	value	value	NOUN
afs-88257	69	4	of	of	ADP
afs-88257	69	5	the	the	DET
afs-88257	69	6	current	current	ADJ
afs-88257	69	7	ratio	ratio	NOUN
afs-88257	69	8	reached	reach	VERB
afs-88257	69	9	2.5	2.5	NUM
afs-88257	69	10	,	,	PUNCT
afs-88257	69	11	and	and	CCONJ
afs-88257	69	12	working	working	NOUN
afs-88257	69	13	capital	capital	NOUN
afs-88257	69	14	made	make	VERB
afs-88257	69	15	24.3	24.3	NUM
afs-88257	69	16	%	%	NOUN
afs-88257	69	17	of	of	ADP
afs-88257	69	18	total	total	ADJ
afs-88257	69	19	assets	asset	NOUN
afs-88257	69	20	that	that	PRON
afs-88257	69	21	proved	prove	VERB
afs-88257	69	22	a	a	DET
afs-88257	69	23	high	high	ADJ
afs-88257	69	24	ability	ability	NOUN
afs-88257	69	25	of	of	ADP
afs-88257	69	26	firms	firm	NOUN
afs-88257	69	27	to	to	PART
afs-88257	69	28	cover	cover	VERB
afs-88257	69	29	short	short	ADJ
afs-88257	69	30	-	-	PUNCT
afs-88257	69	31	term	term	NOUN
afs-88257	69	32	liabilities	liability	NOUN
afs-88257	69	33	.	.	PUNCT
afs-88257	70	1	the	the	DET
afs-88257	70	2	minimum	minimum	ADJ
afs-88257	70	3	value	value	NOUN
afs-88257	70	4	of	of	ADP
afs-88257	70	5	the	the	DET
afs-88257	70	6	current	current	ADJ
afs-88257	70	7	ratio	ratio	NOUN
afs-88257	70	8	amounted	amount	VERB
afs-88257	70	9	to	to	ADP
afs-88257	70	10	2.0	2.0	NUM
afs-88257	70	11	in	in	ADP
afs-88257	70	12	2005	2005	NUM
afs-88257	70	13	,	,	PUNCT
afs-88257	70	14	and	and	CCONJ
afs-88257	70	15	the	the	DET
afs-88257	70	16	maximum	maximum	NOUN
afs-88257	70	17	to	to	ADP
afs-88257	70	18	2.8	2.8	NUM
afs-88257	70	19	in	in	ADP
afs-88257	70	20	2010	2010	NUM
afs-88257	70	21	,	,	PUNCT
afs-88257	70	22	while	while	SCONJ
afs-88257	70	23	the	the	DET
afs-88257	70	24	quick	quick	ADJ
afs-88257	70	25	ratio	ratio	NOUN
afs-88257	70	26	and	and	CCONJ
afs-88257	70	27	cash	cash	NOUN
afs-88257	70	28	ratio	ratio	NOUN
afs-88257	70	29	fell	fall	VERB
afs-88257	70	30	by	by	ADP
afs-88257	70	31	0.1	0.1	NUM
afs-88257	70	32	in	in	ADP
afs-88257	70	33	the	the	DET
afs-88257	70	34	same	same	ADJ
afs-88257	70	35	period	period	NOUN
afs-88257	70	36	,	,	PUNCT
afs-88257	70	37	indicating	indicate	VERB
afs-88257	70	38	the	the	DET
afs-88257	70	39	rising	rise	VERB
afs-88257	70	40	level	level	NOUN
afs-88257	70	41	of	of	ADP
afs-88257	70	42	inventory	inventory	NOUN
afs-88257	70	43	in	in	ADP
afs-88257	70	44	sample	sample	NOUN
afs-88257	70	45	food	food	NOUN
afs-88257	70	46	companies	company	NOUN
afs-88257	70	47	.	.	PUNCT
afs-88257	71	1	however	however	ADV
afs-88257	71	2	,	,	PUNCT
afs-88257	71	3	the	the	DET
afs-88257	71	4	growth	growth	NOUN
afs-88257	71	5	of	of	ADP
afs-88257	71	6	the	the	DET
afs-88257	71	7	quick	quick	ADJ
afs-88257	71	8	ratio	ratio	NOUN
afs-88257	71	9	from	from	ADP
afs-88257	71	10	1.0	1.0	NUM
afs-88257	71	11	in	in	ADP
afs-88257	71	12	2011	2011	NUM
afs-88257	71	13	to	to	ADP
afs-88257	71	14	1.2	1.2	NUM
afs-88257	71	15	in	in	ADP
afs-88257	71	16	2014	2014	NUM
afs-88257	71	17	and	and	CCONJ
afs-88257	71	18	the	the	DET
afs-88257	71	19	cash	cash	NOUN
afs-88257	71	20	ratio	ratio	NOUN
afs-88257	71	21	from	from	ADP
afs-88257	71	22	0.4	0.4	NUM
afs-88257	71	23	to	to	PART
afs-88257	71	24	0.6	0.6	NUM
afs-88257	71	25	demonstrated	demonstrate	VERB
afs-88257	71	26	a	a	DET
afs-88257	71	27	subsequent	subsequent	ADJ
afs-88257	71	28	improvement	improvement	NOUN
afs-88257	71	29	of	of	ADP
afs-88257	71	30	the	the	DET
afs-88257	71	31	liquidity	liquidity	NOUN
afs-88257	71	32	of	of	ADP
afs-88257	71	33	current	current	ADJ
afs-88257	71	34	assets	asset	NOUN
afs-88257	71	35	.	.	PUNCT
afs-88257	72	1	furthermore	furthermore	ADV
afs-88257	72	2	,	,	PUNCT
afs-88257	72	3	a	a	DET
afs-88257	72	4	positive	positive	ADJ
afs-88257	72	5	relationship	relationship	NOUN
afs-88257	72	6	between	between	ADP
afs-88257	72	7	the	the	DET
afs-88257	72	8	liquidity	liquidity	NOUN
afs-88257	72	9	and	and	CCONJ
afs-88257	72	10	working	working	NOUN
afs-88257	72	11	capital	capital	NOUN
afs-88257	72	12	determined	determine	VERB
afs-88257	72	13	the	the	DET
afs-88257	72	14	rise	rise	NOUN
afs-88257	72	15	of	of	ADP
afs-88257	72	16	the	the	DET
afs-88257	72	17	share	share	NOUN
afs-88257	72	18	of	of	ADP
afs-88257	72	19	working	work	VERB
afs-88257	72	20	capital	capital	NOUN
afs-88257	72	21	in	in	ADP
afs-88257	72	22	total	total	ADJ
afs-88257	72	23	assets	asset	NOUN
afs-88257	72	24	by	by	ADP
afs-88257	72	25	7.3	7.3	NUM
afs-88257	72	26	pp	pp	NOUN
afs-88257	72	27	.	.	PUNCT
afs-88257	73	1	in	in	ADP
afs-88257	73	2	2010	2010	NUM
afs-88257	73	3	compared	compare	VERB
afs-88257	73	4	to	to	ADP
afs-88257	73	5	2005	2005	NUM
afs-88257	73	6	.	.	PUNCT
afs-88257	74	1	consequently	consequently	ADV
afs-88257	74	2	,	,	PUNCT
afs-88257	74	3	the	the	DET
afs-88257	74	4	drop	drop	NOUN
afs-88257	74	5	in	in	ADP
afs-88257	74	6	the	the	DET
afs-88257	74	7	share	share	NOUN
afs-88257	74	8	of	of	ADP
afs-88257	74	9	working	work	VERB
afs-88257	74	10	capital	capital	NOUN
afs-88257	74	11	in	in	ADP
afs-88257	74	12	assets	asset	NOUN
afs-88257	74	13	from	from	ADP
afs-88257	74	14	24.5	24.5	NUM
afs-88257	74	15	%	%	NOUN
afs-88257	74	16	in	in	ADP
afs-88257	74	17	2013	2013	NUM
afs-88257	74	18	to	to	ADP
afs-88257	74	19	22.6	22.6	NUM
afs-88257	74	20	%	%	NOUN
afs-88257	74	21	in	in	ADP
afs-88257	74	22	2015	2015	NUM
afs-88257	74	23	corresponded	correspond	VERB
afs-88257	74	24	to	to	ADP
afs-88257	74	25	a	a	DET
afs-88257	74	26	plunge	plunge	NOUN
afs-88257	74	27	in	in	ADP
afs-88257	74	28	the	the	DET
afs-88257	74	29	current	current	ADJ
afs-88257	74	30	ratio	ratio	NOUN
afs-88257	74	31	from	from	ADP
afs-88257	74	32	2.7	2.7	NUM
afs-88257	74	33	to	to	ADP
afs-88257	74	34	2.4	2.4	NUM
afs-88257	74	35	.	.	PUNCT
afs-88257	75	1	a1	a1	NOUN
afs-88257	75	2	–	–	PUNCT
afs-88257	75	3	min	min	PROPN
afs-88257	75	4	b	b	PROPN
afs-88257	75	5	a2	a2	PROPN
afs-88257	75	6	–	–	PUNCT
afs-88257	75	7	max	max	PROPN
afs-88257	75	8	value	value	NOUN
afs-88257	75	9	-	-	PUNCT
afs-88257	75	10	oriented	orient	VERB
afs-88257	75	11	management	management	NOUN
afs-88257	75	12	of	of	ADP
afs-88257	75	13	current	current	ADJ
afs-88257	75	14	assets	asset	NOUN
afs-88257	75	15	and	and	CCONJ
afs-88257	75	16	liquidityoriented	liquidityoriented	ADJ
afs-88257	75	17	management	management	NOUN
afs-88257	75	18	of	of	ADP
afs-88257	75	19	current	current	ADJ
afs-88257	75	20	liabilities	liability	NOUN
afs-88257	75	21	.	.	PUNCT
afs-88257	76	1	moderate	moderate	ADJ
afs-88257	76	2	risk	risk	NOUN
afs-88257	76	3	of	of	ADP
afs-88257	76	4	liquidity	liquidity	NOUN
afs-88257	76	5	–	–	PUNCT
afs-88257	76	6	balanced	balanced	ADJ
afs-88257	76	7	strategy	strategy	NOUN
afs-88257	76	8	(	(	PUNCT
afs-88257	76	9	type	type	NOUN
afs-88257	76	10	i	i	PROPN
afs-88257	76	11	)	)	PUNCT
afs-88257	76	12	.	.	PUNCT
afs-88257	77	1	a1	a1	NOUN
afs-88257	77	2	–	–	PUNCT
afs-88257	77	3	max	max	PROPN
afs-88257	77	4	a	a	DET
afs-88257	77	5	a2	a2	PROPN
afs-88257	77	6	–	–	PUNCT
afs-88257	77	7	max	max	PROPN
afs-88257	77	8	liquidity	liquidity	NOUN
afs-88257	77	9	-	-	PUNCT
afs-88257	77	10	oriented	orient	VERB
afs-88257	77	11	management	management	NOUN
afs-88257	77	12	of	of	ADP
afs-88257	77	13	current	current	ADJ
afs-88257	77	14	assets	asset	NOUN
afs-88257	77	15	and	and	CCONJ
afs-88257	77	16	current	current	ADJ
afs-88257	77	17	liabilities	liability	NOUN
afs-88257	77	18	.	.	PUNCT
afs-88257	78	1	low	low	ADJ
afs-88257	78	2	risk	risk	NOUN
afs-88257	78	3	of	of	ADP
afs-88257	78	4	liquidity	liquidity	NOUN
afs-88257	78	5	–	–	PUNCT
afs-88257	78	6	conservative	conservative	ADJ
afs-88257	78	7	strategy	strategy	NOUN
afs-88257	78	8	.	.	PUNCT
afs-88257	79	1	a1	a1	NOUN
afs-88257	79	2	–	–	PUNCT
afs-88257	79	3	min	min	NOUN
afs-88257	79	4	c	c	PROPN
afs-88257	79	5	a2	a2	PROPN
afs-88257	79	6	–	–	PUNCT
afs-88257	79	7	min	min	NOUN
afs-88257	79	8	value	value	NOUN
afs-88257	79	9	-	-	PUNCT
afs-88257	79	10	oriented	orient	VERB
afs-88257	79	11	management	management	NOUN
afs-88257	79	12	of	of	ADP
afs-88257	79	13	current	current	ADJ
afs-88257	79	14	assets	asset	NOUN
afs-88257	79	15	and	and	CCONJ
afs-88257	79	16	current	current	ADJ
afs-88257	79	17	liabilities	liability	NOUN
afs-88257	79	18	.	.	PUNCT
afs-88257	80	1	high	high	ADJ
afs-88257	80	2	risk	risk	NOUN
afs-88257	80	3	of	of	ADP
afs-88257	80	4	liquidity	liquidity	NOUN
afs-88257	80	5	–	–	PUNCT
afs-88257	80	6	aggressive	aggressive	ADJ
afs-88257	80	7	strategy	strategy	NOUN
afs-88257	80	8	.	.	PUNCT
afs-88257	81	1	a1	a1	NOUN
afs-88257	81	2	–	–	PUNCT
afs-88257	81	3	max	max	PROPN
afs-88257	81	4	d	d	PROPN
afs-88257	81	5	a2	a2	PROPN
afs-88257	81	6	–	–	PUNCT
afs-88257	81	7	min	min	NOUN
afs-88257	81	8	liquidity	liquidity	NOUN
afs-88257	81	9	-	-	PUNCT
afs-88257	81	10	oriented	orient	VERB
afs-88257	81	11	management	management	NOUN
afs-88257	81	12	of	of	ADP
afs-88257	81	13	current	current	ADJ
afs-88257	81	14	assets	asset	NOUN
afs-88257	81	15	and	and	CCONJ
afs-88257	81	16	value	value	NOUN
afs-88257	81	17	-	-	PUNCT
afs-88257	81	18	oriented	orient	VERB
afs-88257	81	19	management	management	NOUN
afs-88257	81	20	of	of	ADP
afs-88257	81	21	current	current	ADJ
afs-88257	81	22	liabilities	liability	NOUN
afs-88257	81	23	.	.	PUNCT
afs-88257	82	1	moderate	moderate	ADJ
afs-88257	82	2	risk	risk	NOUN
afs-88257	82	3	of	of	ADP
afs-88257	82	4	liquidity	liquidity	NOUN
afs-88257	82	5	–	–	PUNCT
afs-88257	82	6	balanced	balanced	ADJ
afs-88257	82	7	strategy	strategy	NOUN
afs-88257	82	8	(	(	PUNCT
afs-88257	82	9	type	type	NOUN
afs-88257	82	10	ii	ii	PROPN
afs-88257	82	11	)	)	PUNCT
afs-88257	82	12	.	.	PUNCT
afs-88257	83	1	a2	a2	PROPN
afs-88257	83	2	–	–	PUNCT
afs-88257	84	1	c	c	AUX
afs-88257	84	2	ur	ur	INTJ
afs-88257	84	3	re	re	PROPN
afs-88257	84	4	nt	nt	PROPN
afs-88257	84	5	li	li	PROPN
afs-88257	84	6	ab	ab	PROPN
afs-88257	84	7	ili	ili	PROPN
afs-88257	84	8	tie	tie	VERB
afs-88257	84	9	s	s	PART
afs-88257	84	10	(	(	PUNCT
afs-88257	84	11	f	f	PROPN
afs-88257	84	12	in	in	ADP
afs-88257	84	13	an	an	DET
afs-88257	84	14	ci	ci	PROPN
afs-88257	84	15	ng	ng	PROPN
afs-88257	84	16	)	)	PUNCT
afs-88257	84	17	a1	a1	NOUN
afs-88257	84	18	–	–	PUNCT
afs-88257	84	19	current	current	ADJ
afs-88257	84	20	assets	asset	NOUN
afs-88257	84	21	(	(	PUNCT
afs-88257	84	22	investing	investing	NOUN
afs-88257	84	23	)	)	PUNCT
afs-88257	84	24	fig	fig	NOUN
afs-88257	84	25	.	.	PUNCT
afs-88257	85	1	2	2	X
afs-88257	85	2	.	.	NUM
afs-88257	85	3	types	type	NOUN
afs-88257	85	4	of	of	ADP
afs-88257	85	5	strategies	strategy	NOUN
afs-88257	85	6	for	for	ADP
afs-88257	85	7	working	work	VERB
afs-88257	85	8	capital	capital	NOUN
afs-88257	85	9	management	management	NOUN
afs-88257	85	10	agricultural	agricultural	ADJ
afs-88257	85	11	and	and	CCONJ
afs-88257	85	12	food	food	NOUN
afs-88257	85	13	science	science	NOUN
afs-88257	85	14	s.	s.	PROPN
afs-88257	85	15	zabolotnyy	zabolotnyy	PROPN
afs-88257	85	16	&	&	CCONJ
afs-88257	85	17	t.	t.	PROPN
afs-88257	85	18	sipiläinen	sipiläinen	PROPN
afs-88257	85	19	(	(	PUNCT
afs-88257	85	20	2020	2020	NUM
afs-88257	85	21	)	)	PUNCT
afs-88257	85	22	29	29	NUM
afs-88257	85	23	:	:	PUNCT
afs-88257	85	24	239–249	239–249	NUM
afs-88257	85	25	243	243	NUM
afs-88257	85	26	considering	consider	VERB
afs-88257	85	27	fluctuations	fluctuation	NOUN
afs-88257	85	28	of	of	ADP
afs-88257	85	29	liquidity	liquidity	NOUN
afs-88257	85	30	ratios	ratio	NOUN
afs-88257	85	31	,	,	PUNCT
afs-88257	85	32	we	we	PRON
afs-88257	85	33	would	would	AUX
afs-88257	85	34	assume	assume	VERB
afs-88257	85	35	the	the	DET
afs-88257	85	36	minor	minor	ADJ
afs-88257	85	37	impact	impact	NOUN
afs-88257	85	38	of	of	ADP
afs-88257	85	39	the	the	DET
afs-88257	85	40	financial	financial	ADJ
afs-88257	85	41	crisis	crisis	NOUN
afs-88257	85	42	of	of	ADP
afs-88257	85	43	2008–2009	2008–2009	NUM
afs-88257	85	44	on	on	ADP
afs-88257	85	45	the	the	DET
afs-88257	85	46	working	work	VERB
afs-88257	85	47	capital	capital	NOUN
afs-88257	85	48	of	of	ADP
afs-88257	85	49	sample	sample	NOUN
afs-88257	85	50	companies	company	NOUN
afs-88257	85	51	from	from	ADP
afs-88257	85	52	the	the	DET
afs-88257	85	53	food	food	NOUN
afs-88257	85	54	industry	industry	NOUN
afs-88257	85	55	in	in	ADP
afs-88257	85	56	northern	northern	PROPN
afs-88257	85	57	europe	europe	PROPN
afs-88257	85	58	.	.	PUNCT
afs-88257	86	1	however	however	ADV
afs-88257	86	2	,	,	PUNCT
afs-88257	86	3	the	the	DET
afs-88257	86	4	rising	rise	VERB
afs-88257	86	5	current	current	ADJ
afs-88257	86	6	ratio	ratio	NOUN
afs-88257	86	7	,	,	PUNCT
afs-88257	86	8	along	along	ADP
afs-88257	86	9	with	with	ADP
afs-88257	86	10	a	a	DET
afs-88257	86	11	smaller	small	ADJ
afs-88257	86	12	change	change	NOUN
afs-88257	86	13	in	in	ADP
afs-88257	86	14	quick	quick	ADJ
afs-88257	86	15	ratio	ratio	NOUN
afs-88257	86	16	,	,	PUNCT
afs-88257	86	17	gave	give	VERB
afs-88257	86	18	support	support	NOUN
afs-88257	86	19	to	to	ADP
afs-88257	86	20	the	the	DET
afs-88257	86	21	assumption	assumption	NOUN
afs-88257	86	22	on	on	ADP
afs-88257	86	23	the	the	DET
afs-88257	86	24	deteriorating	deteriorate	VERB
afs-88257	86	25	demand	demand	NOUN
afs-88257	86	26	for	for	ADP
afs-88257	86	27	the	the	DET
afs-88257	86	28	products	product	NOUN
afs-88257	86	29	of	of	ADP
afs-88257	86	30	sample	sample	NOUN
afs-88257	86	31	companies	company	NOUN
afs-88257	86	32	in	in	ADP
afs-88257	86	33	2008–2010	2008–2010	NUM
afs-88257	86	34	as	as	SCONJ
afs-88257	86	35	their	their	PRON
afs-88257	86	36	inventory	inventory	NOUN
afs-88257	86	37	levels	level	NOUN
afs-88257	86	38	became	become	VERB
afs-88257	86	39	relatively	relatively	ADV
afs-88257	86	40	higher	high	ADJ
afs-88257	86	41	.	.	PUNCT
afs-88257	87	1	in	in	ADP
afs-88257	87	2	subsequent	subsequent	ADJ
afs-88257	87	3	years	year	NOUN
afs-88257	87	4	,	,	PUNCT
afs-88257	87	5	as	as	ADP
afs-88257	87	6	a	a	DET
afs-88257	87	7	possible	possible	ADJ
afs-88257	87	8	response	response	NOUN
afs-88257	87	9	to	to	ADP
afs-88257	87	10	deficiencies	deficiency	NOUN
afs-88257	87	11	of	of	ADP
afs-88257	87	12	liquid	liquid	ADJ
afs-88257	87	13	assets	asset	NOUN
afs-88257	87	14	,	,	PUNCT
afs-88257	87	15	these	these	DET
afs-88257	87	16	companies	company	NOUN
afs-88257	87	17	tended	tend	VERB
afs-88257	87	18	to	to	PART
afs-88257	87	19	maintain	maintain	VERB
afs-88257	87	20	higher	high	ADJ
afs-88257	87	21	cash	cash	NOUN
afs-88257	87	22	balances	balance	NOUN
afs-88257	87	23	that	that	PRON
afs-88257	87	24	also	also	ADV
afs-88257	87	25	positively	positively	ADV
afs-88257	87	26	influenced	influence	VERB
afs-88257	87	27	their	their	PRON
afs-88257	87	28	financial	financial	ADJ
afs-88257	87	29	sustainability	sustainability	NOUN
afs-88257	87	30	in	in	ADP
afs-88257	87	31	the	the	DET
afs-88257	87	32	aftermath	aftermath	NOUN
afs-88257	87	33	of	of	ADP
afs-88257	87	34	the	the	DET
afs-88257	87	35	crisis	crisis	NOUN
afs-88257	87	36	.	.	PUNCT
afs-88257	88	1	therefore	therefore	ADV
afs-88257	88	2	,	,	PUNCT
afs-88257	88	3	the	the	DET
afs-88257	88	4	impact	impact	NOUN
afs-88257	88	5	of	of	ADP
afs-88257	88	6	the	the	DET
afs-88257	88	7	financial	financial	ADJ
afs-88257	88	8	crisis	crisis	NOUN
afs-88257	88	9	of	of	ADP
afs-88257	88	10	2008–2009	2008–2009	NUM
afs-88257	88	11	on	on	ADP
afs-88257	88	12	food	food	NOUN
afs-88257	88	13	companies	company	NOUN
afs-88257	88	14	could	could	AUX
afs-88257	88	15	be	be	AUX
afs-88257	88	16	twofold	twofold	ADV
afs-88257	88	17	:	:	PUNCT
afs-88257	88	18	in	in	ADP
afs-88257	88	19	a	a	DET
afs-88257	88	20	short	short	ADJ
afs-88257	88	21	-	-	PUNCT
afs-88257	88	22	run	run	NOUN
afs-88257	88	23	,	,	PUNCT
afs-88257	88	24	the	the	DET
afs-88257	88	25	fall	fall	NOUN
afs-88257	88	26	of	of	ADP
afs-88257	88	27	demand	demand	NOUN
afs-88257	88	28	on	on	ADP
afs-88257	88	29	their	their	PRON
afs-88257	88	30	products	product	NOUN
afs-88257	88	31	automatically	automatically	ADV
afs-88257	88	32	increased	increase	VERB
afs-88257	88	33	current	current	ADJ
afs-88257	88	34	liquidity	liquidity	NOUN
afs-88257	88	35	due	due	ADP
afs-88257	88	36	to	to	ADP
afs-88257	88	37	the	the	DET
afs-88257	88	38	rise	rise	NOUN
afs-88257	88	39	of	of	ADP
afs-88257	88	40	inventory	inventory	NOUN
afs-88257	88	41	,	,	PUNCT
afs-88257	88	42	while	while	SCONJ
afs-88257	88	43	in	in	ADP
afs-88257	88	44	the	the	DET
afs-88257	88	45	longrun	longrun	NOUN
afs-88257	88	46	managers	manager	NOUN
afs-88257	88	47	stimulated	stimulate	VERB
afs-88257	88	48	sales	sale	NOUN
afs-88257	88	49	revenues	revenue	NOUN
afs-88257	88	50	by	by	ADP
afs-88257	88	51	extending	extend	VERB
afs-88257	88	52	credit	credit	NOUN
afs-88257	88	53	terms	term	NOUN
afs-88257	88	54	and	and	CCONJ
afs-88257	88	55	gradually	gradually	ADV
afs-88257	88	56	built	build	VERB
afs-88257	88	57	up	up	ADP
afs-88257	88	58	higher	high	ADJ
afs-88257	88	59	levels	level	NOUN
afs-88257	88	60	of	of	ADP
afs-88257	88	61	cash	cash	NOUN
afs-88257	88	62	improving	improve	VERB
afs-88257	88	63	the	the	DET
afs-88257	88	64	quick	quick	ADJ
afs-88257	88	65	and	and	CCONJ
afs-88257	88	66	cash	cash	NOUN
afs-88257	88	67	ratios	ratio	NOUN
afs-88257	88	68	.	.	PUNCT
afs-88257	89	1	the	the	DET
afs-88257	89	2	sub	sub	NOUN
afs-88257	89	3	-	-	NOUN
afs-88257	89	4	indicator	indicator	NOUN
afs-88257	89	5	of	of	ADP
afs-88257	89	6	current	current	ADJ
afs-88257	89	7	assets	asset	NOUN
afs-88257	89	8	(	(	PUNCT
afs-88257	89	9	a1	a1	NOUN
afs-88257	89	10	)	)	PUNCT
afs-88257	89	11	characterized	characterize	VERB
afs-88257	89	12	the	the	DET
afs-88257	89	13	strategy	strategy	NOUN
afs-88257	89	14	for	for	ADP
afs-88257	89	15	current	current	ADJ
afs-88257	89	16	assets	asset	NOUN
afs-88257	89	17	’	'	PUNCT
afs-88257	89	18	management	management	NOUN
afs-88257	89	19	in	in	ADP
afs-88257	89	20	food	food	NOUN
afs-88257	89	21	companies	company	NOUN
afs-88257	89	22	from	from	ADP
afs-88257	89	23	northern	northern	PROPN
afs-88257	89	24	europe	europe	PROPN
afs-88257	89	25	(	(	PUNCT
afs-88257	89	26	table	table	NOUN
afs-88257	89	27	2	2	NUM
afs-88257	89	28	)	)	PUNCT
afs-88257	89	29	.	.	PUNCT
afs-88257	90	1	the	the	DET
afs-88257	90	2	fluctuations	fluctuation	NOUN
afs-88257	90	3	of	of	ADP
afs-88257	90	4	values	value	NOUN
afs-88257	90	5	of	of	ADP
afs-88257	90	6	sub	sub	NOUN
afs-88257	90	7	-	-	NOUN
afs-88257	90	8	indicators	indicator	NOUN
afs-88257	90	9	derived	derive	VERB
afs-88257	90	10	from	from	ADP
afs-88257	90	11	changes	change	NOUN
afs-88257	90	12	in	in	ADP
afs-88257	90	13	combinations	combination	NOUN
afs-88257	90	14	of	of	ADP
afs-88257	90	15	partial	partial	ADJ
afs-88257	90	16	financial	financial	ADJ
afs-88257	90	17	variables	variable	NOUN
afs-88257	90	18	that	that	PRON
afs-88257	90	19	formed	form	VERB
afs-88257	90	20	these	these	DET
afs-88257	90	21	sub	sub	NOUN
afs-88257	90	22	-	-	NOUN
afs-88257	90	23	indicators	indicator	NOUN
afs-88257	90	24	and	and	CCONJ
afs-88257	90	25	could	could	AUX
afs-88257	90	26	have	have	VERB
afs-88257	90	27	adverse	adverse	ADJ
afs-88257	90	28	effects	effect	NOUN
afs-88257	90	29	on	on	ADP
afs-88257	90	30	the	the	DET
afs-88257	90	31	level	level	NOUN
afs-88257	90	32	of	of	ADP
afs-88257	90	33	working	work	VERB
afs-88257	90	34	capital	capital	NOUN
afs-88257	90	35	in	in	ADP
afs-88257	90	36	particular	particular	ADJ
afs-88257	90	37	companies	company	NOUN
afs-88257	90	38	.	.	PUNCT
afs-88257	91	1	this	this	DET
afs-88257	91	2	indicator	indicator	NOUN
afs-88257	91	3	rose	rise	VERB
afs-88257	91	4	from	from	ADP
afs-88257	91	5	48.1	48.1	NUM
afs-88257	91	6	to	to	ADP
afs-88257	91	7	51.9	51.9	NUM
afs-88257	91	8	in	in	ADP
afs-88257	91	9	2005–2010	2005–2010	NUM
afs-88257	91	10	and	and	CCONJ
afs-88257	91	11	then	then	ADV
afs-88257	91	12	dropped	drop	VERB
afs-88257	91	13	to	to	ADP
afs-88257	91	14	47.8	47.8	NUM
afs-88257	91	15	in	in	ADP
afs-88257	91	16	2015	2015	NUM
afs-88257	91	17	,	,	PUNCT
afs-88257	91	18	while	while	SCONJ
afs-88257	91	19	its	its	PRON
afs-88257	91	20	average	average	ADJ
afs-88257	91	21	value	value	NOUN
afs-88257	91	22	reached	reach	VERB
afs-88257	91	23	49.9	49.9	NUM
afs-88257	91	24	.	.	PUNCT
afs-88257	92	1	there	there	PRON
afs-88257	92	2	was	be	VERB
afs-88257	92	3	a	a	DET
afs-88257	92	4	straightforward	straightforward	ADJ
afs-88257	92	5	relationship	relationship	NOUN
afs-88257	92	6	between	between	ADP
afs-88257	92	7	liquidity	liquidity	NOUN
afs-88257	92	8	and	and	CCONJ
afs-88257	92	9	the	the	DET
afs-88257	92	10	value	value	NOUN
afs-88257	92	11	of	of	ADP
afs-88257	92	12	the	the	DET
afs-88257	92	13	a1	a1	NOUN
afs-88257	92	14	ratio	ratio	NOUN
afs-88257	92	15	,	,	PUNCT
afs-88257	92	16	as	as	SCONJ
afs-88257	92	17	it	it	PRON
afs-88257	92	18	reflected	reflect	VERB
afs-88257	92	19	changes	change	NOUN
afs-88257	92	20	in	in	ADP
afs-88257	92	21	working	work	VERB
afs-88257	92	22	capital	capital	NOUN
afs-88257	92	23	levels	level	NOUN
afs-88257	92	24	in	in	ADP
afs-88257	92	25	sample	sample	NOUN
afs-88257	92	26	companies	company	NOUN
afs-88257	92	27	.	.	PUNCT
afs-88257	93	1	generally	generally	ADV
afs-88257	93	2	,	,	PUNCT
afs-88257	93	3	the	the	DET
afs-88257	93	4	high	high	ADJ
afs-88257	93	5	value	value	NOUN
afs-88257	93	6	of	of	ADP
afs-88257	93	7	a1	a1	NOUN
afs-88257	93	8	conveyed	convey	VERB
afs-88257	93	9	liquidity	liquidity	NOUN
afs-88257	93	10	orientation	orientation	NOUN
afs-88257	93	11	of	of	ADP
afs-88257	93	12	a	a	DET
afs-88257	93	13	firm	firm	NOUN
afs-88257	93	14	that	that	PRON
afs-88257	93	15	derived	derive	VERB
afs-88257	93	16	from	from	ADP
afs-88257	93	17	a	a	DET
afs-88257	93	18	large	large	ADJ
afs-88257	93	19	amount	amount	NOUN
afs-88257	93	20	of	of	ADP
afs-88257	93	21	current	current	ADJ
afs-88257	93	22	assets	asset	NOUN
afs-88257	93	23	,	,	PUNCT
afs-88257	93	24	particularly	particularly	ADV
afs-88257	93	25	cash	cash	NOUN
afs-88257	93	26	surplus	surplus	NOUN
afs-88257	93	27	,	,	PUNCT
afs-88257	93	28	and	and	CCONJ
afs-88257	93	29	a	a	DET
afs-88257	93	30	proportionally	proportionally	ADV
afs-88257	93	31	smaller	small	ADJ
afs-88257	93	32	portion	portion	NOUN
afs-88257	93	33	of	of	ADP
afs-88257	93	34	inventory	inventory	NOUN
afs-88257	93	35	and	and	CCONJ
afs-88257	93	36	accounts	account	VERB
afs-88257	93	37	receivable	receivable	ADJ
afs-88257	93	38	.	.	PUNCT
afs-88257	94	1	the	the	DET
afs-88257	94	2	low	low	ADJ
afs-88257	94	3	level	level	NOUN
afs-88257	94	4	of	of	ADP
afs-88257	94	5	a1	a1	NOUN
afs-88257	94	6	corresponded	correspond	VERB
afs-88257	94	7	to	to	ADP
afs-88257	94	8	a	a	DET
afs-88257	94	9	value	value	NOUN
afs-88257	94	10	fig	fig	NOUN
afs-88257	94	11	.	.	PUNCT
afs-88257	95	1	3	3	X
afs-88257	95	2	.	.	X
afs-88257	95	3	annual	annual	ADJ
afs-88257	95	4	means	mean	NOUN
afs-88257	95	5	of	of	ADP
afs-88257	95	6	liquidity	liquidity	NOUN
afs-88257	95	7	of	of	ADP
afs-88257	95	8	food	food	NOUN
afs-88257	95	9	companies	company	NOUN
afs-88257	95	10	from	from	ADP
afs-88257	95	11	northern	northern	PROPN
afs-88257	95	12	europe	europe	PROPN
afs-88257	95	13	table	table	NOUN
afs-88257	95	14	2	2	NUM
afs-88257	95	15	.	.	PUNCT
afs-88257	96	1	the	the	DET
afs-88257	96	2	sub	sub	NOUN
afs-88257	96	3	-	-	NOUN
afs-88257	96	4	indicator	indicator	NOUN
afs-88257	96	5	of	of	ADP
afs-88257	96	6	current	current	ADJ
afs-88257	96	7	assets	asset	NOUN
afs-88257	96	8	(	(	PUNCT
afs-88257	96	9	a1	a1	NOUN
afs-88257	96	10	)	)	PUNCT
afs-88257	96	11	of	of	ADP
afs-88257	96	12	food	food	NOUN
afs-88257	96	13	companies	company	NOUN
afs-88257	96	14	from	from	ADP
afs-88257	96	15	northern	northern	PROPN
afs-88257	96	16	europe	europe	PROPN
afs-88257	96	17	company	company	PROPN
afs-88257	96	18	indicator	indicator	NOUN
afs-88257	96	19	2005	2005	NUM
afs-88257	96	20	2006	2006	NUM
afs-88257	96	21	2007	2007	NUM
afs-88257	96	22	2008	2008	NUM
afs-88257	96	23	2009	2009	NUM
afs-88257	96	24	2010	2010	NUM
afs-88257	96	25	2011	2011	NUM
afs-88257	96	26	2012	2012	NUM
afs-88257	96	27	2013	2013	NUM
afs-88257	96	28	2014	2014	NUM
afs-88257	96	29	2015	2015	NUM
afs-88257	96	30	average	average	ADJ
afs-88257	96	31	aak	aak	NOUN
afs-88257	96	32	37.4	37.4	NUM
afs-88257	96	33	35.6	35.6	NUM
afs-88257	96	34	40.4	40.4	NUM
afs-88257	96	35	44.6	44.6	NUM
afs-88257	96	36	43.2	43.2	NUM
afs-88257	96	37	50.7	50.7	NUM
afs-88257	96	38	46.0	46.0	NUM
afs-88257	96	39	44.4	44.4	NUM
afs-88257	96	40	41.8	41.8	NUM
afs-88257	96	41	41.7	41.7	NUM
afs-88257	96	42	42.3	42.3	NUM
afs-88257	96	43	42.6	42.6	NUM
afs-88257	96	44	apetit	apetit	PROPN
afs-88257	96	45	39.3	39.3	NUM
afs-88257	96	46	41.0	41.0	NUM
afs-88257	96	47	40.6	40.6	NUM
afs-88257	96	48	48.9	48.9	NUM
afs-88257	96	49	49.3	49.3	NUM
afs-88257	96	50	46.1	46.1	NUM
afs-88257	96	51	41.8	41.8	NUM
afs-88257	96	52	39.3	39.3	NUM
afs-88257	96	53	35.2	35.2	NUM
afs-88257	96	54	46.1	46.1	NUM
afs-88257	96	55	48.0	48.0	NUM
afs-88257	96	56	43.2	43.2	NUM
afs-88257	96	57	atria	atria	NOUN
afs-88257	96	58	29.5	29.5	NUM
afs-88257	96	59	31.0	31.0	NUM
afs-88257	96	60	30.5	30.5	NUM
afs-88257	96	61	32.6	32.6	NUM
afs-88257	96	62	33.2	33.2	NUM
afs-88257	96	63	34.5	34.5	NUM
afs-88257	96	64	30.5	30.5	NUM
afs-88257	96	65	29.3	29.3	NUM
afs-88257	96	66	34.9	34.9	NUM
afs-88257	96	67	33.8	33.8	NUM
afs-88257	96	68	26.3	26.3	NUM
afs-88257	96	69	31.5	31.5	NUM
afs-88257	96	70	austevoll	austevoll	NOUN
afs-88257	96	71	–	–	PUNCT
afs-88257	96	72	74.5	74.5	NUM
afs-88257	96	73	61.8	61.8	NUM
afs-88257	96	74	46.2	46.2	NUM
afs-88257	96	75	58.4	58.4	NUM
afs-88257	96	76	69.2	69.2	NUM
afs-88257	96	77	65.8	65.8	NUM
afs-88257	96	78	67.9	67.9	NUM
afs-88257	96	79	61.9	61.9	NUM
afs-88257	96	80	62.1	62.1	NUM
afs-88257	96	81	63.2	63.2	NUM
afs-88257	96	82	63.1	63.1	NUM
afs-88257	96	83	grieg	grieg	NOUN
afs-88257	96	84	–	–	PUNCT
afs-88257	96	85	59.2	59.2	NUM
afs-88257	96	86	60.4	60.4	NUM
afs-88257	96	87	60.7	60.7	NUM
afs-88257	96	88	65.4	65.4	NUM
afs-88257	96	89	63.9	63.9	NUM
afs-88257	96	90	62.2	62.2	NUM
afs-88257	96	91	66.0	66.0	NUM
afs-88257	96	92	65.0	65.0	NUM
afs-88257	96	93	60.9	60.9	NUM
afs-88257	96	94	64.8	64.8	NUM
afs-88257	96	95	62.8	62.8	NUM
afs-88257	96	96	hkscan	hkscan	ADJ
afs-88257	96	97	28.4	28.4	NUM
afs-88257	96	98	26.9	26.9	NUM
afs-88257	96	99	39.4	39.4	NUM
afs-88257	96	100	47.9	47.9	NUM
afs-88257	96	101	44.4	44.4	NUM
afs-88257	96	102	41.2	41.2	NUM
afs-88257	96	103	35.9	35.9	NUM
afs-88257	96	104	37.9	37.9	NUM
afs-88257	96	105	40.5	40.5	NUM
afs-88257	96	106	29.4	29.4	NUM
afs-88257	96	107	26.0	26.0	NUM
afs-88257	96	108	36.2	36.2	NUM
afs-88257	97	1	leroy	leroy	PROPN
afs-88257	98	1	46.1	46.1	NUM
afs-88257	98	2	47.7	47.7	NUM
afs-88257	98	3	59.0	59.0	NUM
afs-88257	98	4	55.4	55.4	NUM
afs-88257	98	5	61.3	61.3	NUM
afs-88257	98	6	67.9	67.9	NUM
afs-88257	98	7	69.6	69.6	NUM
afs-88257	98	8	63.8	63.8	NUM
afs-88257	98	9	60.7	60.7	NUM
afs-88257	98	10	64.1	64.1	NUM
afs-88257	98	11	63.2	63.2	NUM
afs-88257	98	12	59.9	59.9	NUM
afs-88257	98	13	marine	marine	NOUN
afs-88257	98	14	37.4	37.4	NUM
afs-88257	98	15	46.7	46.7	NUM
afs-88257	98	16	33.8	33.8	NUM
afs-88257	98	17	52.2	52.2	NUM
afs-88257	98	18	32.6	32.6	NUM
afs-88257	98	19	36.4	36.4	NUM
afs-88257	98	20	33.9	33.9	NUM
afs-88257	98	21	34.1	34.1	NUM
afs-88257	98	22	40.0	40.0	NUM
afs-88257	98	23	40.5	40.5	NUM
afs-88257	98	24	38.3	38.3	NUM
afs-88257	98	25	38.7	38.7	NUM
afs-88257	98	26	orkla	orkla	NOUN
afs-88257	98	27	75.2	75.2	NUM
afs-88257	98	28	52.6	52.6	NUM
afs-88257	98	29	70.5	70.5	NUM
afs-88257	98	30	63.6	63.6	NUM
afs-88257	98	31	56.7	56.7	NUM
afs-88257	98	32	69.2	69.2	NUM
afs-88257	98	33	59.5	59.5	NUM
afs-88257	98	34	76.0	76.0	NUM
afs-88257	98	35	36.3	36.3	NUM
afs-88257	98	36	41.9	41.9	NUM
afs-88257	98	37	32.4	32.4	NUM
afs-88257	98	38	57.6	57.6	NUM
afs-88257	98	39	raisio	raisio	NOUN
afs-88257	98	40	76.4	76.4	NUM
afs-88257	98	41	54.9	54.9	NUM
afs-88257	98	42	50.2	50.2	NUM
afs-88257	98	43	53.4	53.4	NUM
afs-88257	98	44	69.2	69.2	NUM
afs-88257	98	45	59.3	59.3	NUM
afs-88257	98	46	53.2	53.2	NUM
afs-88257	98	47	40.4	40.4	NUM
afs-88257	98	48	60.3	60.3	NUM
afs-88257	98	49	48.2	48.2	NUM
afs-88257	98	50	52.7	52.7	NUM
afs-88257	98	51	56.2	56.2	NUM
afs-88257	98	52	salmar	salmar	NOUN
afs-88257	98	53	29.4	29.4	NUM
afs-88257	98	54	32.2	32.2	NUM
afs-88257	98	55	35.0	35.0	NUM
afs-88257	98	56	32.6	32.6	NUM
afs-88257	98	57	40.0	40.0	NUM
afs-88257	98	58	34.3	34.3	NUM
afs-88257	98	59	30.3	30.3	NUM
afs-88257	98	60	33.3	33.3	NUM
afs-88257	98	61	52.6	52.6	NUM
afs-88257	98	62	36.2	36.2	NUM
afs-88257	98	63	37.4	37.4	NUM
afs-88257	98	64	35.8	35.8	NUM
afs-88257	98	65	skane	skane	NOUN
afs-88257	98	66	82.4	82.4	NUM
afs-88257	98	67	74.2	74.2	NUM
afs-88257	98	68	81.9	81.9	NUM
afs-88257	98	69	78.6	78.6	NUM
afs-88257	98	70	63.9	63.9	NUM
afs-88257	98	71	50.3	50.3	NUM
afs-88257	98	72	68.9	68.9	NUM
afs-88257	98	73	74.3	74.3	NUM
afs-88257	98	74	75.5	75.5	NUM
afs-88257	98	75	86.8	86.8	NUM
afs-88257	98	76	79.1	79.1	NUM
afs-88257	98	77	74.2	74.2	NUM
afs-88257	98	78	average	average	NOUN
afs-88257	98	79	48.1	48.1	NUM
afs-88257	98	80	48.0	48.0	NUM
afs-88257	98	81	50.3	50.3	NUM
afs-88257	98	82	51.4	51.4	NUM
afs-88257	98	83	51.5	51.5	NUM
afs-88257	98	84	51.9	51.9	NUM
afs-88257	98	85	49.8	49.8	NUM
afs-88257	98	86	50.5	50.5	NUM
afs-88257	98	87	50.4	50.4	NUM
afs-88257	98	88	49.3	49.3	NUM
afs-88257	98	89	47.8	47.8	NUM
afs-88257	98	90	49.9	49.9	NUM
afs-88257	98	91	agricultural	agricultural	ADJ
afs-88257	98	92	and	and	CCONJ
afs-88257	98	93	food	food	NOUN
afs-88257	98	94	science	science	NOUN
afs-88257	98	95	s.	s.	PROPN
afs-88257	98	96	zabolotnyy	zabolotnyy	PROPN
afs-88257	98	97	&	&	CCONJ
afs-88257	98	98	t.	t.	PROPN
afs-88257	98	99	sipiläinen	sipiläinen	PROPN
afs-88257	98	100	(	(	PUNCT
afs-88257	98	101	2020	2020	NUM
afs-88257	98	102	)	)	PUNCT
afs-88257	98	103	29	29	NUM
afs-88257	98	104	:	:	PUNCT
afs-88257	98	105	239–249	239–249	NUM
afs-88257	98	106	244	244	NUM
afs-88257	98	107	orientation	orientation	NOUN
afs-88257	98	108	,	,	PUNCT
afs-88257	98	109	implying	imply	VERB
afs-88257	98	110	the	the	DET
afs-88257	98	111	deficit	deficit	NOUN
afs-88257	98	112	of	of	ADP
afs-88257	98	113	current	current	ADJ
afs-88257	98	114	assets	asset	NOUN
afs-88257	98	115	and	and	CCONJ
afs-88257	98	116	the	the	DET
afs-88257	98	117	predominance	predominance	NOUN
afs-88257	98	118	of	of	ADP
afs-88257	98	119	inconvertible	inconvertible	ADJ
afs-88257	98	120	inventory	inventory	NOUN
afs-88257	98	121	.	.	PUNCT
afs-88257	99	1	the	the	DET
afs-88257	99	2	highest	high	ADJ
afs-88257	99	3	average	average	ADJ
afs-88257	99	4	values	value	NOUN
afs-88257	99	5	of	of	ADP
afs-88257	99	6	the	the	DET
afs-88257	99	7	sub	sub	NOUN
afs-88257	99	8	-	-	NOUN
afs-88257	99	9	indicator	indicator	NOUN
afs-88257	99	10	of	of	ADP
afs-88257	99	11	current	current	ADJ
afs-88257	99	12	assets	asset	NOUN
afs-88257	99	13	were	be	AUX
afs-88257	99	14	noted	note	VERB
afs-88257	99	15	in	in	ADP
afs-88257	99	16	such	such	ADJ
afs-88257	99	17	companies	company	NOUN
afs-88257	99	18	as	as	ADP
afs-88257	99	19	skane	skane	NOUN
afs-88257	99	20	(	(	PUNCT
afs-88257	99	21	74.2	74.2	NUM
afs-88257	99	22	)	)	PUNCT
afs-88257	99	23	,	,	PUNCT
afs-88257	99	24	grieg	grieg	NOUN
afs-88257	99	25	(	(	PUNCT
afs-88257	99	26	62.8	62.8	NUM
afs-88257	99	27	)	)	PUNCT
afs-88257	99	28	,	,	PUNCT
afs-88257	99	29	and	and	CCONJ
afs-88257	99	30	austevoll	austevoll	NOUN
afs-88257	99	31	(	(	PUNCT
afs-88257	99	32	63.1	63.1	NUM
afs-88257	99	33	)	)	PUNCT
afs-88257	99	34	,	,	PUNCT
afs-88257	99	35	while	while	SCONJ
afs-88257	99	36	the	the	DET
afs-88257	99	37	lowest	low	ADJ
afs-88257	99	38	values	value	NOUN
afs-88257	99	39	in	in	ADP
afs-88257	99	40	such	such	ADJ
afs-88257	99	41	entities	entity	NOUN
afs-88257	99	42	as	as	ADP
afs-88257	99	43	atria	atria	NOUN
afs-88257	99	44	(	(	PUNCT
afs-88257	99	45	31.5	31.5	NUM
afs-88257	99	46	)	)	PUNCT
afs-88257	99	47	,	,	PUNCT
afs-88257	99	48	salmar	salmar	NOUN
afs-88257	99	49	(	(	PUNCT
afs-88257	99	50	35.8	35.8	NUM
afs-88257	99	51	)	)	PUNCT
afs-88257	99	52	and	and	CCONJ
afs-88257	99	53	hkscan	hkscan	ADJ
afs-88257	99	54	(	(	PUNCT
afs-88257	99	55	36.2	36.2	NUM
afs-88257	99	56	)	)	PUNCT
afs-88257	99	57	.	.	PUNCT
afs-88257	100	1	the	the	DET
afs-88257	100	2	distribution	distribution	NOUN
afs-88257	100	3	of	of	ADP
afs-88257	100	4	financial	financial	ADJ
afs-88257	100	5	ratios	ratio	NOUN
afs-88257	100	6	that	that	PRON
afs-88257	100	7	formed	form	VERB
afs-88257	100	8	the	the	DET
afs-88257	100	9	sub	sub	NOUN
afs-88257	100	10	-	-	NOUN
afs-88257	100	11	indicator	indicator	ADJ
afs-88257	100	12	a1	a1	NOUN
afs-88257	100	13	shed	shed	VERB
afs-88257	100	14	light	light	NOUN
afs-88257	100	15	on	on	ADP
afs-88257	100	16	relationships	relationship	NOUN
afs-88257	100	17	among	among	ADP
afs-88257	100	18	particular	particular	ADJ
afs-88257	100	19	components	component	NOUN
afs-88257	100	20	of	of	ADP
afs-88257	100	21	strategies	strategy	NOUN
afs-88257	100	22	for	for	ADP
afs-88257	100	23	working	work	VERB
afs-88257	100	24	capital	capital	NOUN
afs-88257	100	25	management	management	NOUN
afs-88257	100	26	in	in	ADP
afs-88257	100	27	food	food	NOUN
afs-88257	100	28	companies	company	NOUN
afs-88257	100	29	from	from	ADP
afs-88257	100	30	northern	northern	PROPN
afs-88257	100	31	europe	europe	PROPN
afs-88257	100	32	(	(	PUNCT
afs-88257	100	33	fig	fig	NOUN
afs-88257	100	34	.	.	PUNCT
afs-88257	100	35	4	4	NUM
afs-88257	100	36	)	)	PUNCT
afs-88257	100	37	.	.	PUNCT
afs-88257	101	1	the	the	DET
afs-88257	101	2	left	left	ADJ
afs-88257	101	3	vertical	vertical	ADJ
afs-88257	101	4	axis	axis	NOUN
afs-88257	101	5	presents	present	VERB
afs-88257	101	6	the	the	DET
afs-88257	101	7	values	value	NOUN
afs-88257	101	8	of	of	ADP
afs-88257	101	9	sub	sub	ADJ
afs-88257	101	10	-	-	ADJ
afs-88257	101	11	indicator	indicator	NOUN
afs-88257	101	12	a1	a1	NOUN
afs-88257	101	13	,	,	PUNCT
afs-88257	101	14	and	and	CCONJ
afs-88257	101	15	the	the	DET
afs-88257	101	16	right	right	ADJ
afs-88257	101	17	vertical	vertical	ADJ
afs-88257	101	18	axis	axis	NOUN
afs-88257	101	19	reflects	reflect	VERB
afs-88257	101	20	the	the	DET
afs-88257	101	21	distribution	distribution	NOUN
afs-88257	101	22	of	of	ADP
afs-88257	101	23	the	the	DET
afs-88257	101	24	set	set	NOUN
afs-88257	101	25	of	of	ADP
afs-88257	101	26	financial	financial	ADJ
afs-88257	101	27	variables	variable	NOUN
afs-88257	101	28	composing	compose	VERB
afs-88257	101	29	this	this	DET
afs-88257	101	30	complex	complex	ADJ
afs-88257	101	31	indicator	indicator	NOUN
afs-88257	101	32	.	.	PUNCT
afs-88257	102	1	it	it	PRON
afs-88257	102	2	should	should	AUX
afs-88257	102	3	be	be	AUX
afs-88257	102	4	mentioned	mention	VERB
afs-88257	102	5	that	that	SCONJ
afs-88257	102	6	the	the	DET
afs-88257	102	7	distribution	distribution	NOUN
afs-88257	102	8	of	of	ADP
afs-88257	102	9	average	average	ADJ
afs-88257	102	10	values	value	NOUN
afs-88257	102	11	of	of	ADP
afs-88257	102	12	indicators	indicator	NOUN
afs-88257	102	13	in	in	ADP
afs-88257	102	14	the	the	DET
afs-88257	102	15	companies	company	NOUN
afs-88257	102	16	was	be	AUX
afs-88257	102	17	dependent	dependent	ADJ
afs-88257	102	18	both	both	PRON
afs-88257	102	19	on	on	ADP
afs-88257	102	20	combinations	combination	NOUN
afs-88257	102	21	of	of	ADP
afs-88257	102	22	partial	partial	ADJ
afs-88257	102	23	financial	financial	ADJ
afs-88257	102	24	variables	variable	NOUN
afs-88257	102	25	forming	form	VERB
afs-88257	102	26	sub	sub	NOUN
afs-88257	102	27	-	-	NOUN
afs-88257	102	28	indicators	indicator	NOUN
afs-88257	102	29	in	in	ADP
afs-88257	102	30	particular	particular	ADJ
afs-88257	102	31	years	year	NOUN
afs-88257	102	32	and	and	CCONJ
afs-88257	102	33	the	the	DET
afs-88257	102	34	fluctuations	fluctuation	NOUN
afs-88257	102	35	of	of	ADP
afs-88257	102	36	values	value	NOUN
afs-88257	102	37	of	of	ADP
afs-88257	102	38	sub	sub	NOUN
afs-88257	102	39	-	-	NOUN
afs-88257	102	40	indicators	indicator	NOUN
afs-88257	102	41	in	in	ADP
afs-88257	102	42	the	the	DET
afs-88257	102	43	presented	present	VERB
afs-88257	102	44	timeline	timeline	NOUN
afs-88257	102	45	.	.	PUNCT
afs-88257	103	1	none	none	NOUN
afs-88257	103	2	of	of	ADP
afs-88257	103	3	the	the	DET
afs-88257	103	4	companies	company	NOUN
afs-88257	103	5	with	with	ADP
afs-88257	103	6	high	high	ADJ
afs-88257	103	7	values	value	NOUN
afs-88257	103	8	of	of	ADP
afs-88257	103	9	the	the	DET
afs-88257	103	10	sub	sub	NOUN
afs-88257	103	11	-	-	NOUN
afs-88257	103	12	indicator	indicator	NOUN
afs-88257	103	13	a1	a1	NOUN
afs-88257	103	14	demonstrated	demonstrate	VERB
afs-88257	103	15	a	a	DET
afs-88257	103	16	clear	clear	ADJ
afs-88257	103	17	orientation	orientation	NOUN
afs-88257	103	18	on	on	ADP
afs-88257	103	19	liquidity	liquidity	NOUN
afs-88257	103	20	within	within	ADP
afs-88257	103	21	the	the	DET
afs-88257	103	22	strategy	strategy	NOUN
afs-88257	103	23	for	for	ADP
afs-88257	103	24	current	current	ADJ
afs-88257	103	25	assets	asset	NOUN
afs-88257	103	26	’	'	PUNCT
afs-88257	103	27	management	management	NOUN
afs-88257	103	28	.	.	PUNCT
afs-88257	104	1	for	for	ADP
afs-88257	104	2	example	example	NOUN
afs-88257	104	3	,	,	PUNCT
afs-88257	104	4	grieg	grieg	PROPN
afs-88257	104	5	maintained	maintain	VERB
afs-88257	104	6	a	a	DET
afs-88257	104	7	large	large	ADJ
afs-88257	104	8	share	share	NOUN
afs-88257	104	9	of	of	ADP
afs-88257	104	10	current	current	ADJ
afs-88257	104	11	assets	asset	NOUN
afs-88257	104	12	in	in	ADP
afs-88257	104	13	total	total	ADJ
afs-88257	104	14	assets	asset	NOUN
afs-88257	104	15	(	(	PUNCT
afs-88257	104	16	47.6	47.6	NUM
afs-88257	104	17	%	%	NOUN
afs-88257	104	18	)	)	PUNCT
afs-88257	104	19	,	,	PUNCT
afs-88257	104	20	but	but	CCONJ
afs-88257	104	21	only	only	ADV
afs-88257	104	22	an	an	DET
afs-88257	104	23	insignificant	insignificant	ADJ
afs-88257	104	24	part	part	NOUN
afs-88257	104	25	of	of	ADP
afs-88257	104	26	them	they	PRON
afs-88257	104	27	was	be	AUX
afs-88257	104	28	in	in	ADP
afs-88257	104	29	the	the	DET
afs-88257	104	30	form	form	NOUN
afs-88257	104	31	of	of	ADP
afs-88257	104	32	cash	cash	NOUN
afs-88257	104	33	(	(	PUNCT
afs-88257	104	34	7.1	7.1	NUM
afs-88257	104	35	%	%	NOUN
afs-88257	104	36	of	of	ADP
afs-88257	104	37	current	current	ADJ
afs-88257	104	38	assets	asset	NOUN
afs-88257	104	39	)	)	PUNCT
afs-88257	104	40	.	.	PUNCT
afs-88257	105	1	conversely	conversely	ADV
afs-88257	105	2	,	,	PUNCT
afs-88257	105	3	austevoll	austevoll	PROPN
afs-88257	105	4	showed	show	VERB
afs-88257	105	5	a	a	DET
afs-88257	105	6	comparatively	comparatively	ADV
afs-88257	105	7	small	small	ADJ
afs-88257	105	8	share	share	NOUN
afs-88257	105	9	of	of	ADP
afs-88257	105	10	current	current	ADJ
afs-88257	105	11	assets	asset	NOUN
afs-88257	105	12	in	in	ADP
afs-88257	105	13	total	total	ADJ
afs-88257	105	14	assets	asset	NOUN
afs-88257	105	15	(	(	PUNCT
afs-88257	105	16	38.5	38.5	NUM
afs-88257	105	17	%	%	NOUN
afs-88257	105	18	)	)	PUNCT
afs-88257	105	19	,	,	PUNCT
afs-88257	105	20	while	while	SCONJ
afs-88257	105	21	cash	cash	NOUN
afs-88257	105	22	was	be	AUX
afs-88257	105	23	a	a	DET
afs-88257	105	24	significant	significant	ADJ
afs-88257	105	25	source	source	NOUN
afs-88257	105	26	of	of	ADP
afs-88257	105	27	liquidity	liquidity	NOUN
afs-88257	105	28	in	in	ADP
afs-88257	105	29	this	this	DET
afs-88257	105	30	company	company	NOUN
afs-88257	105	31	(	(	PUNCT
afs-88257	105	32	29.6	29.6	NUM
afs-88257	105	33	%	%	NOUN
afs-88257	105	34	of	of	ADP
afs-88257	105	35	current	current	ADJ
afs-88257	105	36	assets	asset	NOUN
afs-88257	105	37	)	)	PUNCT
afs-88257	105	38	.	.	PUNCT
afs-88257	106	1	this	this	DET
afs-88257	106	2	approach	approach	NOUN
afs-88257	106	3	helped	help	VERB
afs-88257	106	4	companies	company	NOUN
afs-88257	106	5	to	to	PART
afs-88257	106	6	balance	balance	VERB
afs-88257	106	7	risk	risk	NOUN
afs-88257	106	8	and	and	CCONJ
afs-88257	106	9	return	return	VERB
afs-88257	106	10	and	and	CCONJ
afs-88257	106	11	decrease	decrease	VERB
afs-88257	106	12	the	the	DET
afs-88257	106	13	cost	cost	NOUN
afs-88257	106	14	of	of	ADP
afs-88257	106	15	liquidity	liquidity	NOUN
afs-88257	106	16	in	in	ADP
afs-88257	106	17	short	short	ADJ
afs-88257	106	18	-	-	PUNCT
afs-88257	106	19	term	term	NOUN
afs-88257	106	20	management	management	NOUN
afs-88257	106	21	.	.	PUNCT
afs-88257	107	1	skane	skane	PROPN
afs-88257	107	2	was	be	AUX
afs-88257	107	3	the	the	DET
afs-88257	107	4	only	only	ADJ
afs-88257	107	5	company	company	NOUN
afs-88257	107	6	that	that	PRON
afs-88257	107	7	maximized	maximize	VERB
afs-88257	107	8	the	the	DET
afs-88257	107	9	value	value	NOUN
afs-88257	107	10	of	of	ADP
afs-88257	107	11	the	the	DET
afs-88257	107	12	sub	sub	NOUN
afs-88257	107	13	-	-	NOUN
afs-88257	107	14	indicator	indicator	NOUN
afs-88257	107	15	a1	a1	NOUN
afs-88257	107	16	by	by	ADP
afs-88257	107	17	increasing	increase	VERB
afs-88257	107	18	both	both	CCONJ
afs-88257	107	19	the	the	DET
afs-88257	107	20	amount	amount	NOUN
afs-88257	107	21	of	of	ADP
afs-88257	107	22	current	current	ADJ
afs-88257	107	23	assets	asset	NOUN
afs-88257	107	24	(	(	PUNCT
afs-88257	107	25	62	62	NUM
afs-88257	107	26	%	%	NOUN
afs-88257	107	27	of	of	ADP
afs-88257	107	28	total	total	ADJ
afs-88257	107	29	assets	asset	NOUN
afs-88257	107	30	)	)	PUNCT
afs-88257	107	31	and	and	CCONJ
afs-88257	107	32	cash	cash	NOUN
afs-88257	107	33	(	(	PUNCT
afs-88257	107	34	42.5	42.5	NUM
afs-88257	107	35	%	%	NOUN
afs-88257	107	36	of	of	ADP
afs-88257	107	37	current	current	ADJ
afs-88257	107	38	assets	asset	NOUN
afs-88257	107	39	)	)	PUNCT
afs-88257	107	40	.	.	PUNCT
afs-88257	108	1	in	in	ADP
afs-88257	108	2	the	the	DET
afs-88257	108	3	group	group	NOUN
afs-88257	108	4	of	of	ADP
afs-88257	108	5	companies	company	NOUN
afs-88257	108	6	with	with	ADP
afs-88257	108	7	low	low	ADJ
afs-88257	108	8	sub	sub	ADJ
afs-88257	108	9	-	-	ADJ
afs-88257	108	10	indicators	indicator	NOUN
afs-88257	108	11	a1	a1	NOUN
afs-88257	108	12	,	,	PUNCT
afs-88257	108	13	the	the	DET
afs-88257	108	14	strategies	strategy	NOUN
afs-88257	108	15	for	for	ADP
afs-88257	108	16	working	work	VERB
afs-88257	108	17	capital	capital	NOUN
afs-88257	108	18	management	management	NOUN
afs-88257	108	19	were	be	AUX
afs-88257	108	20	vague	vague	ADJ
afs-88257	108	21	.	.	PUNCT
afs-88257	109	1	for	for	ADP
afs-88257	109	2	example	example	NOUN
afs-88257	109	3	,	,	PUNCT
afs-88257	109	4	salmar	salmar	PROPN
afs-88257	109	5	had	have	VERB
afs-88257	109	6	a	a	DET
afs-88257	109	7	significant	significant	ADJ
afs-88257	109	8	share	share	NOUN
afs-88257	109	9	of	of	ADP
afs-88257	109	10	current	current	ADJ
afs-88257	109	11	assets	asset	NOUN
afs-88257	109	12	(	(	PUNCT
afs-88257	109	13	42.8	42.8	NUM
afs-88257	109	14	%	%	NOUN
afs-88257	109	15	of	of	ADP
afs-88257	109	16	total	total	ADJ
afs-88257	109	17	assets	asset	NOUN
afs-88257	109	18	)	)	PUNCT
afs-88257	109	19	,	,	PUNCT
afs-88257	109	20	and	and	CCONJ
afs-88257	109	21	low	low	ADJ
afs-88257	109	22	cash	cash	NOUN
afs-88257	109	23	reserves	reserve	NOUN
afs-88257	109	24	(	(	PUNCT
afs-88257	109	25	5	5	NUM
afs-88257	109	26	%	%	NOUN
afs-88257	109	27	of	of	ADP
afs-88257	109	28	current	current	ADJ
afs-88257	109	29	assets	asset	NOUN
afs-88257	109	30	)	)	PUNCT
afs-88257	109	31	that	that	PRON
afs-88257	109	32	additionally	additionally	ADV
afs-88257	109	33	implied	imply	VERB
afs-88257	109	34	the	the	DET
afs-88257	109	35	decrease	decrease	NOUN
afs-88257	109	36	of	of	ADP
afs-88257	109	37	liquidity	liquidity	NOUN
afs-88257	109	38	due	due	ADP
afs-88257	109	39	to	to	ADP
afs-88257	109	40	a	a	DET
afs-88257	109	41	large	large	ADJ
afs-88257	109	42	inventory	inventory	NOUN
afs-88257	109	43	(	(	PUNCT
afs-88257	109	44	74.2	74.2	NUM
afs-88257	109	45	%	%	NOUN
afs-88257	109	46	of	of	ADP
afs-88257	109	47	current	current	ADJ
afs-88257	109	48	assets	asset	NOUN
afs-88257	109	49	)	)	PUNCT
afs-88257	109	50	and	and	CCONJ
afs-88257	109	51	accounts	account	VERB
afs-88257	109	52	receivable	receivable	ADJ
afs-88257	109	53	(	(	PUNCT
afs-88257	109	54	15.7	15.7	NUM
afs-88257	109	55	%	%	NOUN
afs-88257	109	56	of	of	ADP
afs-88257	109	57	current	current	ADJ
afs-88257	109	58	assets	asset	NOUN
afs-88257	109	59	)	)	PUNCT
afs-88257	109	60	.	.	PUNCT
afs-88257	110	1	other	other	ADJ
afs-88257	110	2	companies	company	NOUN
afs-88257	110	3	with	with	ADP
afs-88257	110	4	low	low	ADJ
afs-88257	110	5	sub	sub	ADJ
afs-88257	110	6	-	-	ADJ
afs-88257	110	7	indicators	indicator	NOUN
afs-88257	110	8	a1	a1	NOUN
afs-88257	110	9	,	,	PUNCT
afs-88257	110	10	such	such	ADJ
afs-88257	110	11	as	as	ADP
afs-88257	110	12	atria	atria	NOUN
afs-88257	110	13	and	and	CCONJ
afs-88257	110	14	hkscan	hkscan	ADJ
afs-88257	110	15	,	,	PUNCT
afs-88257	110	16	demonstrated	demonstrate	VERB
afs-88257	110	17	relatively	relatively	ADV
afs-88257	110	18	low	low	ADJ
afs-88257	110	19	levels	level	NOUN
afs-88257	110	20	of	of	ADP
afs-88257	110	21	current	current	ADJ
afs-88257	110	22	assets	asset	NOUN
afs-88257	110	23	(	(	PUNCT
afs-88257	110	24	respectively	respectively	ADV
afs-88257	110	25	30.2	30.2	NUM
afs-88257	110	26	%	%	NOUN
afs-88257	110	27	and	and	CCONJ
afs-88257	110	28	30.5	30.5	NUM
afs-88257	110	29	%	%	NOUN
afs-88257	110	30	of	of	ADP
afs-88257	110	31	total	total	ADJ
afs-88257	110	32	assets	asset	NOUN
afs-88257	110	33	)	)	PUNCT
afs-88257	110	34	and	and	CCONJ
afs-88257	110	35	cash	cash	NOUN
afs-88257	110	36	(	(	PUNCT
afs-88257	110	37	7.0	7.0	NUM
afs-88257	110	38	%	%	NOUN
afs-88257	110	39	and	and	CCONJ
afs-88257	110	40	12.1	12.1	NUM
afs-88257	110	41	%	%	NOUN
afs-88257	110	42	of	of	ADP
afs-88257	110	43	current	current	ADJ
afs-88257	110	44	assets	asset	NOUN
afs-88257	110	45	)	)	PUNCT
afs-88257	110	46	in	in	ADP
afs-88257	110	47	2005–2015	2005–2015	NUM
afs-88257	110	48	.	.	PUNCT
afs-88257	111	1	the	the	DET
afs-88257	111	2	sub	sub	NOUN
afs-88257	111	3	-	-	NOUN
afs-88257	111	4	indicator	indicator	NOUN
afs-88257	111	5	a2	a2	PROPN
afs-88257	111	6	described	describe	VERB
afs-88257	111	7	the	the	DET
afs-88257	111	8	policy	policy	NOUN
afs-88257	111	9	for	for	ADP
afs-88257	111	10	current	current	ADJ
afs-88257	111	11	liabilities	liability	NOUN
afs-88257	111	12	’	'	PUNCT
afs-88257	111	13	management	management	NOUN
afs-88257	111	14	in	in	ADP
afs-88257	111	15	food	food	NOUN
afs-88257	111	16	companies	company	NOUN
afs-88257	111	17	from	from	ADP
afs-88257	111	18	northern	northern	PROPN
afs-88257	111	19	europe	europe	PROPN
afs-88257	111	20	(	(	PUNCT
afs-88257	111	21	table	table	NOUN
afs-88257	111	22	3	3	NUM
afs-88257	111	23	)	)	PUNCT
afs-88257	111	24	.	.	PUNCT
afs-88257	112	1	the	the	DET
afs-88257	112	2	high	high	ADJ
afs-88257	112	3	value	value	NOUN
afs-88257	112	4	of	of	ADP
afs-88257	112	5	a2	a2	PROPN
afs-88257	112	6	referred	refer	VERB
afs-88257	112	7	to	to	ADP
afs-88257	112	8	a	a	DET
afs-88257	112	9	low	low	ADJ
afs-88257	112	10	level	level	NOUN
afs-88257	112	11	of	of	ADP
afs-88257	112	12	current	current	ADJ
afs-88257	112	13	liabilities	liability	NOUN
afs-88257	112	14	with	with	ADP
afs-88257	112	15	a	a	DET
afs-88257	112	16	predominance	predominance	NOUN
afs-88257	112	17	of	of	ADP
afs-88257	112	18	noninterest	noninter	ADJ
afs-88257	112	19	accounts	account	NOUN
afs-88257	112	20	payable	payable	ADJ
afs-88257	112	21	.	.	PUNCT
afs-88257	113	1	the	the	DET
afs-88257	113	2	gradual	gradual	ADJ
afs-88257	113	3	growth	growth	NOUN
afs-88257	113	4	of	of	ADP
afs-88257	113	5	the	the	DET
afs-88257	113	6	sub	sub	NOUN
afs-88257	113	7	-	-	NOUN
afs-88257	113	8	indicator	indicator	NOUN
afs-88257	113	9	from	from	ADP
afs-88257	113	10	58.0	58.0	NUM
afs-88257	113	11	in	in	ADP
afs-88257	113	12	2006	2006	NUM
afs-88257	113	13	to	to	ADP
afs-88257	113	14	68.3	68.3	NUM
afs-88257	113	15	in	in	ADP
afs-88257	113	16	2014	2014	NUM
afs-88257	113	17	implied	imply	VERB
afs-88257	113	18	an	an	DET
afs-88257	113	19	overall	overall	ADJ
afs-88257	113	20	increase	increase	NOUN
afs-88257	113	21	in	in	ADP
afs-88257	113	22	working	work	VERB
afs-88257	113	23	capital	capital	NOUN
afs-88257	113	24	and	and	CCONJ
afs-88257	113	25	a	a	DET
afs-88257	113	26	drop	drop	NOUN
afs-88257	113	27	in	in	ADP
afs-88257	113	28	interest	interest	NOUN
afs-88257	113	29	expense	expense	NOUN
afs-88257	113	30	on	on	ADP
afs-88257	113	31	short	short	ADJ
afs-88257	113	32	-	-	PUNCT
afs-88257	113	33	term	term	NOUN
afs-88257	113	34	debt	debt	NOUN
afs-88257	113	35	that	that	PRON
afs-88257	113	36	subsequently	subsequently	ADV
afs-88257	113	37	indicated	indicate	VERB
afs-88257	113	38	a	a	DET
afs-88257	113	39	lowering	lower	VERB
afs-88257	113	40	liquidity	liquidity	NOUN
afs-88257	113	41	risk	risk	NOUN
afs-88257	113	42	in	in	ADP
afs-88257	113	43	sample	sample	NOUN
afs-88257	113	44	entities	entity	NOUN
afs-88257	113	45	.	.	PUNCT
afs-88257	114	1	companies	company	NOUN
afs-88257	114	2	with	with	ADP
afs-88257	114	3	high	high	ADJ
afs-88257	114	4	values	value	NOUN
afs-88257	114	5	of	of	ADP
afs-88257	114	6	a2	a2	NOUN
afs-88257	114	7	such	such	ADJ
afs-88257	114	8	as	as	ADP
afs-88257	114	9	skane	skane	NOUN
afs-88257	114	10	(	(	PUNCT
afs-88257	114	11	85.0	85.0	NUM
afs-88257	114	12	)	)	PUNCT
afs-88257	114	13	,	,	PUNCT
afs-88257	114	14	marine	marine	NOUN
afs-88257	114	15	(	(	PUNCT
afs-88257	114	16	74.1	74.1	NUM
afs-88257	114	17	)	)	PUNCT
afs-88257	114	18	,	,	PUNCT
afs-88257	114	19	and	and	CCONJ
afs-88257	114	20	raisio	raisio	VERB
afs-88257	114	21	(	(	PUNCT
afs-88257	114	22	72.0	72.0	NUM
afs-88257	114	23	)	)	PUNCT
afs-88257	114	24	demonstrated	demonstrate	VERB
afs-88257	114	25	a	a	DET
afs-88257	114	26	relatively	relatively	ADV
afs-88257	114	27	small	small	ADJ
afs-88257	114	28	share	share	NOUN
afs-88257	114	29	of	of	ADP
afs-88257	114	30	current	current	ADJ
afs-88257	114	31	liabilities	liability	NOUN
afs-88257	114	32	compared	compare	VERB
afs-88257	114	33	to	to	ADP
afs-88257	114	34	total	total	ADJ
afs-88257	114	35	assets	asset	NOUN
afs-88257	114	36	(	(	PUNCT
afs-88257	114	37	12.2%–20.3	12.2%–20.3	NUM
afs-88257	114	38	%	%	NOUN
afs-88257	114	39	)	)	PUNCT
afs-88257	114	40	and	and	CCONJ
afs-88257	114	41	equity	equity	NOUN
afs-88257	114	42	capital	capital	NOUN
afs-88257	114	43	(	(	PUNCT
afs-88257	114	44	14.9%–32.8	14.9%–32.8	NUM
afs-88257	114	45	%	%	NOUN
afs-88257	114	46	)	)	PUNCT
afs-88257	114	47	(	(	PUNCT
afs-88257	114	48	fig	fig	NOUN
afs-88257	114	49	.	.	PUNCT
afs-88257	114	50	5	5	NUM
afs-88257	114	51	)	)	PUNCT
afs-88257	114	52	.	.	PUNCT
afs-88257	115	1	in	in	ADP
afs-88257	115	2	figure	figure	NOUN
afs-88257	115	3	5	5	NUM
afs-88257	115	4	,	,	PUNCT
afs-88257	115	5	the	the	DET
afs-88257	115	6	left	left	ADJ
afs-88257	115	7	vertical	vertical	ADJ
afs-88257	115	8	axis	axis	NOUN
afs-88257	115	9	demonstrates	demonstrate	VERB
afs-88257	115	10	the	the	DET
afs-88257	115	11	values	value	NOUN
afs-88257	115	12	of	of	ADP
afs-88257	115	13	sub	sub	ADJ
afs-88257	115	14	-	-	PROPN
afs-88257	115	15	indicator	indicator	NOUN
afs-88257	115	16	a2	a2	PROPN
afs-88257	115	17	,	,	PUNCT
afs-88257	115	18	and	and	CCONJ
afs-88257	115	19	the	the	DET
afs-88257	115	20	right	right	ADJ
afs-88257	115	21	vertical	vertical	ADJ
afs-88257	115	22	axis	axis	NOUN
afs-88257	115	23	shows	show	VERB
afs-88257	115	24	the	the	DET
afs-88257	115	25	distribution	distribution	NOUN
afs-88257	115	26	of	of	ADP
afs-88257	115	27	the	the	DET
afs-88257	115	28	set	set	NOUN
afs-88257	115	29	of	of	ADP
afs-88257	115	30	financial	financial	ADJ
afs-88257	115	31	variables	variable	NOUN
afs-88257	115	32	composing	compose	VERB
afs-88257	115	33	this	this	DET
afs-88257	115	34	complex	complex	ADJ
afs-88257	115	35	indicator	indicator	NOUN
afs-88257	115	36	.	.	PUNCT
afs-88257	116	1	at	at	ADP
afs-88257	116	2	the	the	DET
afs-88257	116	3	same	same	ADJ
afs-88257	116	4	time	time	NOUN
afs-88257	116	5	,	,	PUNCT
afs-88257	116	6	these	these	DET
afs-88257	116	7	entities	entity	NOUN
afs-88257	116	8	extensively	extensively	ADV
afs-88257	116	9	used	use	VERB
afs-88257	116	10	accounts	account	NOUN
afs-88257	116	11	payable	payable	ADJ
afs-88257	116	12	(	(	PUNCT
afs-88257	116	13	41.5%–45.5	41.5%–45.5	NUM
afs-88257	116	14	%	%	NOUN
afs-88257	116	15	of	of	ADP
afs-88257	116	16	current	current	ADJ
afs-88257	116	17	liabilities	liability	NOUN
afs-88257	116	18	)	)	PUNCT
afs-88257	116	19	and	and	CCONJ
afs-88257	116	20	reduced	reduce	VERB
afs-88257	116	21	the	the	DET
afs-88257	116	22	short	short	ADJ
afs-88257	116	23	-	-	PUNCT
afs-88257	116	24	term	term	NOUN
afs-88257	116	25	debt	debt	NOUN
afs-88257	116	26	(	(	PUNCT
afs-88257	116	27	0	0	NUM
afs-88257	116	28	%	%	NOUN
afs-88257	116	29	to	to	PART
afs-88257	116	30	20.1	20.1	NUM
afs-88257	116	31	%	%	NOUN
afs-88257	116	32	of	of	ADP
afs-88257	116	33	current	current	ADJ
afs-88257	116	34	liabilities	liability	NOUN
afs-88257	116	35	)	)	PUNCT
afs-88257	116	36	.	.	PUNCT
afs-88257	117	1	fig	fig	NOUN
afs-88257	117	2	.	.	PUNCT
afs-88257	118	1	4	4	X
afs-88257	118	2	.	.	X
afs-88257	119	1	the	the	DET
afs-88257	119	2	average	average	ADJ
afs-88257	119	3	values	value	NOUN
afs-88257	119	4	of	of	ADP
afs-88257	119	5	components	component	NOUN
afs-88257	119	6	of	of	ADP
afs-88257	119	7	the	the	DET
afs-88257	119	8	sub	sub	NOUN
afs-88257	119	9	-	-	NOUN
afs-88257	119	10	indicator	indicator	NOUN
afs-88257	119	11	of	of	ADP
afs-88257	119	12	current	current	ADJ
afs-88257	119	13	assets	asset	NOUN
afs-88257	119	14	(	(	PUNCT
afs-88257	119	15	a1	a1	NOUN
afs-88257	119	16	)	)	PUNCT
afs-88257	119	17	of	of	ADP
afs-88257	119	18	food	food	NOUN
afs-88257	119	19	companies	company	NOUN
afs-88257	119	20	from	from	ADP
afs-88257	119	21	northern	northern	PROPN
afs-88257	119	22	europe	europe	PROPN
afs-88257	119	23	in	in	ADP
afs-88257	119	24	2005–2015	2005–2015	NUM
afs-88257	119	25	agricultural	agricultural	ADJ
afs-88257	119	26	and	and	CCONJ
afs-88257	119	27	food	food	NOUN
afs-88257	119	28	science	science	NOUN
afs-88257	119	29	s.	s.	PROPN
afs-88257	119	30	zabolotnyy	zabolotnyy	PROPN
afs-88257	119	31	&	&	CCONJ
afs-88257	119	32	t.	t.	PROPN
afs-88257	119	33	sipiläinen	sipiläinen	PROPN
afs-88257	119	34	(	(	PUNCT
afs-88257	119	35	2020	2020	NUM
afs-88257	119	36	)	)	PUNCT
afs-88257	119	37	29	29	NUM
afs-88257	119	38	:	:	PUNCT
afs-88257	119	39	239–249	239–249	NUM
afs-88257	119	40	245	245	NUM
afs-88257	119	41	conversely	conversely	ADV
afs-88257	119	42	,	,	PUNCT
afs-88257	119	43	companies	company	NOUN
afs-88257	119	44	with	with	ADP
afs-88257	119	45	low	low	ADJ
afs-88257	119	46	sub	sub	NOUN
afs-88257	119	47	-	-	NOUN
afs-88257	119	48	indicators	indicator	NOUN
afs-88257	119	49	a2	a2	NOUN
afs-88257	119	50	such	such	ADJ
afs-88257	119	51	as	as	ADP
afs-88257	119	52	grieg	grieg	NOUN
afs-88257	119	53	(	(	PUNCT
afs-88257	119	54	42.7	42.7	NUM
afs-88257	119	55	)	)	PUNCT
afs-88257	119	56	,	,	PUNCT
afs-88257	119	57	hkscan	hkscan	X
afs-88257	119	58	(	(	PUNCT
afs-88257	119	59	49.0	49.0	NUM
afs-88257	119	60	)	)	PUNCT
afs-88257	119	61	,	,	PUNCT
afs-88257	119	62	and	and	CCONJ
afs-88257	119	63	atria	atria	NOUN
afs-88257	119	64	(	(	PUNCT
afs-88257	119	65	53.7	53.7	NUM
afs-88257	119	66	)	)	PUNCT
afs-88257	119	67	presented	present	VERB
afs-88257	119	68	a	a	DET
afs-88257	119	69	comparatively	comparatively	ADV
afs-88257	119	70	high	high	ADJ
afs-88257	119	71	level	level	NOUN
afs-88257	119	72	of	of	ADP
afs-88257	119	73	current	current	ADJ
afs-88257	119	74	liabilities	liability	NOUN
afs-88257	119	75	that	that	PRON
afs-88257	119	76	covered	cover	VERB
afs-88257	119	77	26.4%–32.8	26.4%–32.8	NUM
afs-88257	119	78	%	%	NOUN
afs-88257	119	79	of	of	ADP
afs-88257	119	80	total	total	ADJ
afs-88257	119	81	assets	asset	NOUN
afs-88257	119	82	and	and	CCONJ
afs-88257	119	83	69.1%–88.0	69.1%–88.0	NUM
afs-88257	119	84	%	%	NOUN
afs-88257	119	85	of	of	ADP
afs-88257	119	86	equity	equity	NOUN
afs-88257	119	87	capital	capital	NOUN
afs-88257	119	88	.	.	PUNCT
afs-88257	120	1	additionally	additionally	ADV
afs-88257	120	2	,	,	PUNCT
afs-88257	120	3	these	these	DET
afs-88257	120	4	firms	firm	NOUN
afs-88257	120	5	hold	hold	VERB
afs-88257	120	6	fewer	few	ADJ
afs-88257	120	7	accounts	account	NOUN
afs-88257	120	8	payable	payable	ADJ
afs-88257	120	9	(	(	PUNCT
afs-88257	120	10	28.0%–37.0	28.0%–37.0	NUM
afs-88257	120	11	%	%	NOUN
afs-88257	120	12	of	of	ADP
afs-88257	120	13	current	current	ADJ
afs-88257	120	14	assets	asset	NOUN
afs-88257	120	15	)	)	PUNCT
afs-88257	120	16	,	,	PUNCT
afs-88257	120	17	and	and	CCONJ
afs-88257	120	18	more	more	ADV
afs-88257	120	19	short	short	ADJ
afs-88257	120	20	-	-	PUNCT
afs-88257	120	21	term	term	NOUN
afs-88257	120	22	debt	debt	NOUN
afs-88257	120	23	(	(	PUNCT
afs-88257	120	24	35.3%–62.1	35.3%–62.1	NUM
afs-88257	120	25	%	%	NOUN
afs-88257	120	26	of	of	ADP
afs-88257	120	27	current	current	ADJ
afs-88257	120	28	assets	asset	NOUN
afs-88257	120	29	)	)	PUNCT
afs-88257	120	30	.	.	PUNCT
afs-88257	121	1	it	it	PRON
afs-88257	121	2	should	should	AUX
afs-88257	121	3	be	be	AUX
afs-88257	121	4	added	add	VERB
afs-88257	121	5	that	that	SCONJ
afs-88257	121	6	comparatively	comparatively	ADV
afs-88257	121	7	higher	high	ADJ
afs-88257	121	8	volatility	volatility	NOUN
afs-88257	121	9	of	of	ADP
afs-88257	121	10	ratios	ratio	NOUN
afs-88257	121	11	of	of	ADP
afs-88257	121	12	the	the	DET
afs-88257	121	13	strategy	strategy	NOUN
afs-88257	121	14	for	for	ADP
afs-88257	121	15	current	current	ADJ
afs-88257	121	16	liabilities	liability	NOUN
afs-88257	121	17	’	'	PUNCT
afs-88257	121	18	might	might	AUX
afs-88257	121	19	arise	arise	VERB
afs-88257	121	20	out	out	ADP
afs-88257	121	21	of	of	ADP
afs-88257	121	22	seasonality	seasonality	NOUN
afs-88257	121	23	and	and	CCONJ
afs-88257	121	24	ambition	ambition	NOUN
afs-88257	121	25	of	of	ADP
afs-88257	121	26	managers	manager	NOUN
afs-88257	121	27	for	for	ADP
afs-88257	121	28	matching	match	VERB
afs-88257	121	29	the	the	DET
afs-88257	121	30	structure	structure	NOUN
afs-88257	121	31	of	of	ADP
afs-88257	121	32	the	the	DET
afs-88257	121	33	liabilities	liability	NOUN
afs-88257	121	34	to	to	ADP
afs-88257	121	35	fluctuations	fluctuation	NOUN
afs-88257	121	36	in	in	ADP
afs-88257	121	37	current	current	ADJ
afs-88257	121	38	assets	asset	NOUN
afs-88257	121	39	.	.	PUNCT
afs-88257	122	1	the	the	DET
afs-88257	122	2	complex	complex	ADJ
afs-88257	122	3	indicator	indicator	NOUN
afs-88257	122	4	a	a	DET
afs-88257	122	5	being	be	AUX
afs-88257	122	6	the	the	DET
afs-88257	122	7	average	average	ADJ
afs-88257	122	8	value	value	NOUN
afs-88257	122	9	of	of	ADP
afs-88257	122	10	a1	a1	NOUN
afs-88257	122	11	and	and	CCONJ
afs-88257	122	12	a2	a2	PROPN
afs-88257	122	13	demonstrated	demonstrate	VERB
afs-88257	122	14	the	the	DET
afs-88257	122	15	overall	overall	ADJ
afs-88257	122	16	strategy	strategy	NOUN
afs-88257	122	17	for	for	ADP
afs-88257	122	18	working	work	VERB
afs-88257	122	19	capital	capital	NOUN
afs-88257	122	20	management	management	NOUN
afs-88257	122	21	in	in	ADP
afs-88257	122	22	companies	company	NOUN
afs-88257	122	23	from	from	ADP
afs-88257	122	24	northern	northern	PROPN
afs-88257	122	25	europe	europe	PROPN
afs-88257	122	26	(	(	PUNCT
afs-88257	122	27	table	table	NOUN
afs-88257	122	28	4	4	NUM
afs-88257	122	29	)	)	PUNCT
afs-88257	122	30	.	.	PUNCT
afs-88257	123	1	high	high	ADJ
afs-88257	123	2	indicators	indicator	NOUN
afs-88257	123	3	gave	give	VERB
afs-88257	123	4	evidence	evidence	NOUN
afs-88257	123	5	of	of	ADP
afs-88257	123	6	rising	rise	VERB
afs-88257	123	7	orientation	orientation	NOUN
afs-88257	123	8	on	on	ADP
afs-88257	123	9	liquidity	liquidity	NOUN
afs-88257	123	10	in	in	ADP
afs-88257	123	11	some	some	DET
afs-88257	123	12	companies	company	NOUN
afs-88257	123	13	,	,	PUNCT
afs-88257	123	14	including	include	VERB
afs-88257	123	15	skane	skane	NOUN
afs-88257	123	16	(	(	PUNCT
afs-88257	123	17	79.6	79.6	NUM
afs-88257	123	18	)	)	PUNCT
afs-88257	123	19	,	,	PUNCT
afs-88257	123	20	raisio	raisio	VERB
afs-88257	123	21	(	(	PUNCT
afs-88257	123	22	64.1	64.1	NUM
afs-88257	123	23	)	)	PUNCT
afs-88257	123	24	,	,	PUNCT
afs-88257	123	25	and	and	CCONJ
afs-88257	123	26	orkla	orkla	NOUN
afs-88257	123	27	(	(	PUNCT
afs-88257	123	28	64.0	64.0	NUM
afs-88257	123	29	)	)	PUNCT
afs-88257	123	30	.	.	PUNCT
afs-88257	124	1	preference	preference	NOUN
afs-88257	124	2	for	for	ADP
afs-88257	124	3	value	value	NOUN
afs-88257	124	4	maximization	maximization	NOUN
afs-88257	124	5	supported	support	VERB
afs-88257	124	6	by	by	ADP
afs-88257	124	7	comparatively	comparatively	ADV
afs-88257	124	8	lower	low	ADJ
afs-88257	124	9	indicators	indicator	NOUN
afs-88257	124	10	was	be	AUX
afs-88257	124	11	noticed	notice	VERB
afs-88257	124	12	in	in	ADP
afs-88257	124	13	such	such	ADJ
afs-88257	124	14	entities	entity	NOUN
afs-88257	124	15	as	as	ADP
afs-88257	124	16	atria	atria	NOUN
afs-88257	124	17	(	(	PUNCT
afs-88257	124	18	42.6	42.6	NUM
afs-88257	124	19	)	)	PUNCT
afs-88257	124	20	,	,	PUNCT
afs-88257	124	21	hkscan	hkscan	X
afs-88257	124	22	(	(	PUNCT
afs-88257	124	23	42.6	42.6	NUM
afs-88257	124	24	)	)	PUNCT
afs-88257	124	25	,	,	PUNCT
afs-88257	124	26	and	and	CCONJ
afs-88257	124	27	salmar	salmar	PROPN
afs-88257	124	28	(	(	PUNCT
afs-88257	124	29	51.5	51.5	NUM
afs-88257	124	30	)	)	PUNCT
afs-88257	124	31	.	.	PUNCT
afs-88257	125	1	there	there	PRON
afs-88257	125	2	was	be	VERB
afs-88257	125	3	only	only	ADV
afs-88257	125	4	one	one	NUM
afs-88257	125	5	company	company	NOUN
afs-88257	125	6	in	in	ADP
afs-88257	125	7	the	the	DET
afs-88257	125	8	sample	sample	NOUN
afs-88257	125	9	(	(	PUNCT
afs-88257	125	10	skane	skane	NOUN
afs-88257	125	11	)	)	PUNCT
afs-88257	125	12	with	with	ADP
afs-88257	125	13	a	a	DET
afs-88257	125	14	straightforward	straightforward	ADJ
afs-88257	125	15	conservative	conservative	ADJ
afs-88257	125	16	approach	approach	NOUN
afs-88257	125	17	to	to	ADP
afs-88257	125	18	working	work	VERB
afs-88257	125	19	capital	capital	NOUN
afs-88257	125	20	management	management	NOUN
afs-88257	125	21	(	(	PUNCT
afs-88257	125	22	fig	fig	NOUN
afs-88257	125	23	.	.	PUNCT
afs-88257	125	24	6	6	NUM
afs-88257	125	25	)	)	PUNCT
afs-88257	125	26	.	.	PUNCT
afs-88257	126	1	this	this	DET
afs-88257	126	2	firm	firm	NOUN
afs-88257	126	3	showed	show	VERB
afs-88257	126	4	a	a	DET
afs-88257	126	5	direct	direct	ADJ
afs-88257	126	6	orientation	orientation	NOUN
afs-88257	126	7	on	on	ADP
afs-88257	126	8	liquidity	liquidity	NOUN
afs-88257	126	9	and	and	CCONJ
afs-88257	126	10	reached	reach	VERB
afs-88257	126	11	an	an	DET
afs-88257	126	12	extremely	extremely	ADV
afs-88257	126	13	high	high	ADJ
afs-88257	126	14	current	current	ADJ
afs-88257	126	15	ratio	ratio	NOUN
afs-88257	126	16	(	(	PUNCT
afs-88257	126	17	5.6	5.6	NUM
afs-88257	126	18	)	)	PUNCT
afs-88257	126	19	,	,	PUNCT
afs-88257	126	20	quick	quick	ADJ
afs-88257	126	21	ratio	ratio	NOUN
afs-88257	126	22	(	(	PUNCT
afs-88257	126	23	3.7	3.7	NUM
afs-88257	126	24	)	)	PUNCT
afs-88257	126	25	,	,	PUNCT
afs-88257	126	26	and	and	CCONJ
afs-88257	126	27	cash	cash	NOUN
afs-88257	126	28	ratio	ratio	NOUN
afs-88257	126	29	(	(	PUNCT
afs-88257	126	30	2.4	2.4	NUM
afs-88257	126	31	)	)	PUNCT
afs-88257	126	32	.	.	PUNCT
afs-88257	127	1	conversely	conversely	ADV
afs-88257	127	2	,	,	PUNCT
afs-88257	127	3	atria	atria	NOUN
afs-88257	127	4	and	and	CCONJ
afs-88257	127	5	hkscan	hkscan	ADJ
afs-88257	127	6	,	,	PUNCT
afs-88257	127	7	entities	entity	NOUN
afs-88257	127	8	with	with	ADP
afs-88257	127	9	a	a	DET
afs-88257	127	10	clear	clear	ADJ
afs-88257	127	11	focus	focus	NOUN
afs-88257	127	12	on	on	ADP
afs-88257	127	13	value	value	NOUN
afs-88257	127	14	,	,	PUNCT
afs-88257	127	15	demonstrated	demonstrate	VERB
afs-88257	127	16	low	low	ADJ
afs-88257	127	17	current	current	ADJ
afs-88257	127	18	ratios	ratio	NOUN
afs-88257	127	19	(	(	PUNCT
afs-88257	127	20	1.0	1.0	NUM
afs-88257	127	21	and	and	CCONJ
afs-88257	127	22	1.1	1.1	NUM
afs-88257	127	23	respectively	respectively	ADV
afs-88257	127	24	)	)	PUNCT
afs-88257	127	25	,	,	PUNCT
afs-88257	127	26	quick	quick	ADJ
afs-88257	127	27	ratio	ratio	NOUN
afs-88257	127	28	(	(	PUNCT
afs-88257	127	29	0.5	0.5	NUM
afs-88257	127	30	and	and	CCONJ
afs-88257	127	31	0.6	0.6	NUM
afs-88257	127	32	)	)	PUNCT
afs-88257	127	33	,	,	PUNCT
afs-88257	127	34	and	and	CCONJ
afs-88257	127	35	cash	cash	NOUN
afs-88257	127	36	ratio	ratio	NOUN
afs-88257	127	37	(	(	PUNCT
afs-88257	127	38	0.1	0.1	NUM
afs-88257	127	39	and	and	CCONJ
afs-88257	127	40	0.1	0.1	NUM
afs-88257	127	41	)	)	PUNCT
afs-88257	127	42	.	.	PUNCT
afs-88257	128	1	table	table	NOUN
afs-88257	128	2	3	3	NUM
afs-88257	128	3	.	.	PUNCT
afs-88257	129	1	the	the	DET
afs-88257	129	2	sub	sub	NOUN
afs-88257	129	3	-	-	NOUN
afs-88257	129	4	indicator	indicator	NOUN
afs-88257	129	5	of	of	ADP
afs-88257	129	6	current	current	ADJ
afs-88257	129	7	liabilities	liability	NOUN
afs-88257	129	8	(	(	PUNCT
afs-88257	129	9	a2	a2	PROPN
afs-88257	129	10	)	)	PUNCT
afs-88257	129	11	of	of	ADP
afs-88257	129	12	food	food	NOUN
afs-88257	129	13	companies	company	NOUN
afs-88257	129	14	from	from	ADP
afs-88257	129	15	northern	northern	PROPN
afs-88257	129	16	europe	europe	PROPN
afs-88257	129	17	company	company	PROPN
afs-88257	129	18	indicator	indicator	NOUN
afs-88257	129	19	2005	2005	NUM
afs-88257	129	20	2006	2006	NUM
afs-88257	129	21	2007	2007	NUM
afs-88257	129	22	2008	2008	NUM
afs-88257	129	23	2009	2009	NUM
afs-88257	129	24	2010	2010	NUM
afs-88257	129	25	2011	2011	NUM
afs-88257	129	26	2012	2012	NUM
afs-88257	129	27	2013	2013	NUM
afs-88257	129	28	2014	2014	NUM
afs-88257	129	29	2015	2015	NUM
afs-88257	129	30	average	average	ADJ
afs-88257	129	31	aak	aak	NOUN
afs-88257	129	32	65.4	65.4	NUM
afs-88257	129	33	46.3	46.3	NUM
afs-88257	129	34	60.6	60.6	NUM
afs-88257	129	35	49.0	49.0	NUM
afs-88257	129	36	67.4	67.4	NUM
afs-88257	129	37	61.3	61.3	NUM
afs-88257	129	38	70.8	70.8	NUM
afs-88257	129	39	72.9	72.9	NUM
afs-88257	129	40	74.2	74.2	NUM
afs-88257	129	41	75.8	75.8	NUM
afs-88257	129	42	70.7	70.7	NUM
afs-88257	129	43	65.0	65.0	NUM
afs-88257	129	44	apetit	apetit	NOUN
afs-88257	129	45	46.7	46.7	NUM
afs-88257	129	46	37.6	37.6	NUM
afs-88257	129	47	52.9	52.9	NUM
afs-88257	129	48	66.8	66.8	NUM
afs-88257	129	49	83.4	83.4	NUM
afs-88257	129	50	80.9	80.9	NUM
afs-88257	129	51	88.6	88.6	NUM
afs-88257	129	52	53.1	53.1	NUM
afs-88257	129	53	70.1	70.1	NUM
afs-88257	129	54	69.8	69.8	NUM
afs-88257	129	55	45.0	45.0	NUM
afs-88257	129	56	63.2	63.2	NUM
afs-88257	129	57	atria	atria	NOUN
afs-88257	129	58	45.1	45.1	NUM
afs-88257	129	59	63.5	63.5	NUM
afs-88257	129	60	48.4	48.4	NUM
afs-88257	129	61	50.6	50.6	NUM
afs-88257	129	62	52.4	52.4	NUM
afs-88257	129	63	51.7	51.7	NUM
afs-88257	129	64	53.0	53.0	NUM
afs-88257	129	65	53.0	53.0	NUM
afs-88257	129	66	49.7	49.7	NUM
afs-88257	129	67	60.9	60.9	NUM
afs-88257	129	68	62.5	62.5	NUM
afs-88257	129	69	53.7	53.7	NUM
afs-88257	129	70	austevoll	austevoll	NOUN
afs-88257	129	71	–	–	PUNCT
afs-88257	129	72	57.3	57.3	NUM
afs-88257	129	73	42.5	42.5	NUM
afs-88257	129	74	52.6	52.6	NUM
afs-88257	129	75	57.8	57.8	NUM
afs-88257	129	76	61.0	61.0	NUM
afs-88257	129	77	57.3	57.3	NUM
afs-88257	129	78	58.8	58.8	NUM
afs-88257	129	79	64.1	64.1	NUM
afs-88257	129	80	64.0	64.0	NUM
afs-88257	129	81	56.9	56.9	NUM
afs-88257	129	82	57.2	57.2	NUM
afs-88257	129	83	grieg	grieg	NOUN
afs-88257	129	84	–	–	PUNCT
afs-88257	129	85	42.8	42.8	NUM
afs-88257	129	86	44.8	44.8	NUM
afs-88257	129	87	0.0	0.0	NUM
afs-88257	129	88	41.0	41.0	NUM
afs-88257	129	89	58.2	58.2	NUM
afs-88257	129	90	38.1	38.1	NUM
afs-88257	129	91	41.9	41.9	NUM
afs-88257	129	92	50.7	50.7	NUM
afs-88257	129	93	46.9	46.9	NUM
afs-88257	129	94	62.5	62.5	NUM
afs-88257	129	95	42.7	42.7	NUM
afs-88257	129	96	hkscan	hkscan	ADJ
afs-88257	129	97	41.8	41.8	NUM
afs-88257	129	98	38.2	38.2	NUM
afs-88257	129	99	55.0	55.0	NUM
afs-88257	129	100	55.9	55.9	NUM
afs-88257	129	101	54.5	54.5	NUM
afs-88257	129	102	45.8	45.8	NUM
afs-88257	129	103	41.0	41.0	NUM
afs-88257	129	104	37.8	37.8	NUM
afs-88257	129	105	41.5	41.5	NUM
afs-88257	129	106	63.7	63.7	NUM
afs-88257	129	107	63.4	63.4	NUM
afs-88257	129	108	49.0	49.0	NUM
afs-88257	129	109	leroy	leroy	PROPN
afs-88257	129	110	71.1	71.1	NUM
afs-88257	129	111	61.7	61.7	NUM
afs-88257	129	112	62.4	62.4	NUM
afs-88257	129	113	54.7	54.7	NUM
afs-88257	129	114	61.8	61.8	NUM
afs-88257	129	115	68.4	68.4	NUM
afs-88257	129	116	62.0	62.0	NUM
afs-88257	129	117	62.6	62.6	NUM
afs-88257	129	118	69.6	69.6	NUM
afs-88257	129	119	74.5	74.5	NUM
afs-88257	129	120	56.5	56.5	NUM
afs-88257	129	121	64.1	64.1	NUM
afs-88257	129	122	marine	marine	NOUN
afs-88257	129	123	65.7	65.7	NUM
afs-88257	129	124	67.2	67.2	NUM
afs-88257	129	125	67.3	67.3	NUM
afs-88257	129	126	59.0	59.0	NUM
afs-88257	129	127	84.8	84.8	NUM
afs-88257	129	128	79.6	79.6	NUM
afs-88257	129	129	83.5	83.5	NUM
afs-88257	129	130	77.5	77.5	NUM
afs-88257	129	131	75.0	75.0	NUM
afs-88257	129	132	76.0	76.0	NUM
afs-88257	129	133	79.0	79.0	NUM
afs-88257	129	134	74.1	74.1	NUM
afs-88257	129	135	orkla	orkla	NOUN
afs-88257	129	136	56.2	56.2	NUM
afs-88257	129	137	66.3	66.3	NUM
afs-88257	129	138	69.9	69.9	NUM
afs-88257	129	139	83.5	83.5	NUM
afs-88257	129	140	75.7	75.7	NUM
afs-88257	129	141	74.4	74.4	NUM
afs-88257	129	142	71.7	71.7	NUM
afs-88257	129	143	55.0	55.0	NUM
afs-88257	129	144	63.1	63.1	NUM
afs-88257	129	145	74.3	74.3	NUM
afs-88257	129	146	84.1	84.1	NUM
afs-88257	129	147	70.4	70.4	NUM
afs-88257	129	148	raisio	raisio	NOUN
afs-88257	129	149	71.4	71.4	NUM
afs-88257	129	150	68.0	68.0	NUM
afs-88257	129	151	78.7	78.7	NUM
afs-88257	129	152	79.4	79.4	NUM
afs-88257	129	153	73.4	73.4	NUM
afs-88257	129	154	77.6	77.6	NUM
afs-88257	129	155	63.3	63.3	NUM
afs-88257	129	156	70.4	70.4	NUM
afs-88257	129	157	72.0	72.0	NUM
afs-88257	129	158	66.2	66.2	NUM
afs-88257	129	159	71.9	71.9	NUM
afs-88257	129	160	72.0	72.0	NUM
afs-88257	129	161	salmar	salmar	NOUN
afs-88257	129	162	57.7	57.7	NUM
afs-88257	129	163	61.4	61.4	NUM
afs-88257	129	164	68.5	68.5	NUM
afs-88257	129	165	61.5	61.5	NUM
afs-88257	129	166	71.2	71.2	NUM
afs-88257	129	167	82.5	82.5	NUM
afs-88257	129	168	58.5	58.5	NUM
afs-88257	129	169	64.5	64.5	NUM
afs-88257	129	170	71.8	71.8	NUM
afs-88257	129	171	67.8	67.8	NUM
afs-88257	129	172	74.7	74.7	NUM
afs-88257	129	173	67.3	67.3	NUM
afs-88257	129	174	skane	skane	NOUN
afs-88257	129	175	82.7	82.7	NUM
afs-88257	129	176	85.1	85.1	NUM
afs-88257	129	177	81.8	81.8	NUM
afs-88257	129	178	90.7	90.7	NUM
afs-88257	129	179	89.1	89.1	NUM
afs-88257	129	180	96.2	96.2	NUM
afs-88257	129	181	75.6	75.6	NUM
afs-88257	129	182	84.0	84.0	NUM
afs-88257	129	183	81.8	81.8	NUM
afs-88257	129	184	80.1	80.1	NUM
afs-88257	129	185	87.6	87.6	NUM
afs-88257	129	186	85.0	85.0	NUM
afs-88257	129	187	average	average	ADJ
afs-88257	129	188	60.4	60.4	NUM
afs-88257	129	189	58.0	58.0	NUM
afs-88257	129	190	61.1	61.1	NUM
afs-88257	129	191	58.6	58.6	NUM
afs-88257	129	192	67.7	67.7	NUM
afs-88257	129	193	69.8	69.8	NUM
afs-88257	129	194	63.6	63.6	NUM
afs-88257	129	195	61.0	61.0	NUM
afs-88257	129	196	65.3	65.3	NUM
afs-88257	129	197	68.3	68.3	NUM
afs-88257	129	198	67.9	67.9	NUM
afs-88257	129	199	63.8	63.8	NUM
afs-88257	129	200	fig	fig	NOUN
afs-88257	129	201	.	.	PUNCT
afs-88257	130	1	5	5	X
afs-88257	130	2	.	.	PUNCT
afs-88257	130	3	the	the	DET
afs-88257	130	4	average	average	ADJ
afs-88257	130	5	values	value	NOUN
afs-88257	130	6	of	of	ADP
afs-88257	130	7	components	component	NOUN
afs-88257	130	8	of	of	ADP
afs-88257	130	9	the	the	DET
afs-88257	130	10	sub	sub	NOUN
afs-88257	130	11	-	-	NOUN
afs-88257	130	12	indicator	indicator	NOUN
afs-88257	130	13	of	of	ADP
afs-88257	130	14	current	current	ADJ
afs-88257	130	15	liabilities	liability	NOUN
afs-88257	130	16	(	(	PUNCT
afs-88257	130	17	a2	a2	PROPN
afs-88257	130	18	)	)	PUNCT
afs-88257	130	19	of	of	ADP
afs-88257	130	20	food	food	NOUN
afs-88257	130	21	companies	company	NOUN
afs-88257	130	22	from	from	ADP
afs-88257	130	23	northern	northern	PROPN
afs-88257	130	24	europe	europe	PROPN
afs-88257	130	25	in	in	ADP
afs-88257	130	26	2005–2015	2005–2015	NUM
afs-88257	130	27	agricultural	agricultural	ADJ
afs-88257	130	28	and	and	CCONJ
afs-88257	130	29	food	food	NOUN
afs-88257	130	30	science	science	NOUN
afs-88257	130	31	s.	s.	PROPN
afs-88257	130	32	zabolotnyy	zabolotnyy	PROPN
afs-88257	130	33	&	&	CCONJ
afs-88257	130	34	t.	t.	PROPN
afs-88257	130	35	sipiläinen	sipiläinen	PROPN
afs-88257	130	36	(	(	PUNCT
afs-88257	130	37	2020	2020	NUM
afs-88257	130	38	)	)	PUNCT
afs-88257	130	39	29	29	NUM
afs-88257	130	40	:	:	PUNCT
afs-88257	130	41	239–249	239–249	NUM
afs-88257	130	42	246	246	NUM
afs-88257	130	43	however	however	ADV
afs-88257	130	44	,	,	PUNCT
afs-88257	130	45	many	many	ADJ
afs-88257	130	46	firms	firm	NOUN
afs-88257	130	47	,	,	PUNCT
afs-88257	130	48	including	include	VERB
afs-88257	130	49	marine	marine	PROPN
afs-88257	130	50	and	and	CCONJ
afs-88257	130	51	salmar	salmar	PROPN
afs-88257	130	52	,	,	PUNCT
afs-88257	130	53	achieved	achieve	VERB
afs-88257	130	54	average	average	ADJ
afs-88257	130	55	values	value	NOUN
afs-88257	130	56	of	of	ADP
afs-88257	130	57	the	the	DET
afs-88257	130	58	complex	complex	ADJ
afs-88257	130	59	indicator	indicator	NOUN
afs-88257	130	60	a	a	DET
afs-88257	130	61	that	that	SCONJ
afs-88257	130	62	derived	derive	VERB
afs-88257	130	63	from	from	ADP
afs-88257	130	64	various	various	ADJ
afs-88257	130	65	combinations	combination	NOUN
afs-88257	130	66	of	of	ADP
afs-88257	130	67	current	current	ADJ
afs-88257	130	68	assets	asset	NOUN
afs-88257	130	69	and	and	CCONJ
afs-88257	130	70	liabilities	liability	NOUN
afs-88257	130	71	.	.	PUNCT
afs-88257	131	1	a	a	DET
afs-88257	131	2	large	large	ADJ
afs-88257	131	3	gap	gap	NOUN
afs-88257	131	4	between	between	ADP
afs-88257	131	5	the	the	DET
afs-88257	131	6	current	current	ADJ
afs-88257	131	7	and	and	CCONJ
afs-88257	131	8	quick	quick	ADJ
afs-88257	131	9	ratios	ratio	NOUN
afs-88257	131	10	in	in	ADP
afs-88257	131	11	these	these	DET
afs-88257	131	12	entities	entity	NOUN
afs-88257	131	13	might	might	AUX
afs-88257	131	14	arise	arise	VERB
afs-88257	131	15	from	from	ADP
afs-88257	131	16	ineffective	ineffective	ADJ
afs-88257	131	17	inventory	inventory	NOUN
afs-88257	131	18	management	management	NOUN
afs-88257	131	19	,	,	PUNCT
afs-88257	131	20	along	along	ADP
afs-88257	131	21	with	with	ADP
afs-88257	131	22	a	a	DET
afs-88257	131	23	drop	drop	NOUN
afs-88257	131	24	in	in	ADP
afs-88257	131	25	revenue	revenue	NOUN
afs-88257	131	26	.	.	PUNCT
afs-88257	132	1	in	in	ADP
afs-88257	132	2	other	other	ADJ
afs-88257	132	3	companies	company	NOUN
afs-88257	132	4	from	from	ADP
afs-88257	132	5	the	the	DET
afs-88257	132	6	group	group	NOUN
afs-88257	132	7	with	with	ADP
afs-88257	132	8	moderate	moderate	ADJ
afs-88257	132	9	strategies	strategy	NOUN
afs-88257	132	10	,	,	PUNCT
afs-88257	132	11	such	such	ADJ
afs-88257	132	12	as	as	ADP
afs-88257	132	13	norwegian	norwegian	ADJ
afs-88257	132	14	firms	firm	NOUN
afs-88257	132	15	austevoll	austevoll	VERB
afs-88257	132	16	and	and	CCONJ
afs-88257	132	17	leroy	leroy	PROPN
afs-88257	132	18	,	,	PUNCT
afs-88257	132	19	the	the	DET
afs-88257	132	20	decrease	decrease	NOUN
afs-88257	132	21	of	of	ADP
afs-88257	132	22	current	current	ADJ
afs-88257	132	23	ratios	ratio	NOUN
afs-88257	132	24	and	and	CCONJ
afs-88257	132	25	increase	increase	NOUN
afs-88257	132	26	of	of	ADP
afs-88257	132	27	quick	quick	ADJ
afs-88257	132	28	and	and	CCONJ
afs-88257	132	29	cash	cash	NOUN
afs-88257	132	30	ratios	ratio	NOUN
afs-88257	132	31	indicated	indicate	VERB
afs-88257	132	32	the	the	DET
afs-88257	132	33	growing	grow	VERB
afs-88257	132	34	efficiency	efficiency	NOUN
afs-88257	132	35	of	of	ADP
afs-88257	132	36	working	work	VERB
afs-88257	132	37	capital	capital	NOUN
afs-88257	132	38	management	management	NOUN
afs-88257	132	39	.	.	PUNCT
afs-88257	133	1	the	the	DET
afs-88257	133	2	analysis	analysis	NOUN
afs-88257	133	3	of	of	ADP
afs-88257	133	4	complex	complex	ADJ
afs-88257	133	5	indicators	indicator	NOUN
afs-88257	133	6	and	and	CCONJ
afs-88257	133	7	financial	financial	ADJ
afs-88257	133	8	ratios	ratio	NOUN
afs-88257	133	9	proved	prove	VERB
afs-88257	133	10	the	the	DET
afs-88257	133	11	existence	existence	NOUN
afs-88257	133	12	of	of	ADP
afs-88257	133	13	a	a	DET
afs-88257	133	14	variety	variety	NOUN
afs-88257	133	15	of	of	ADP
afs-88257	133	16	unique	unique	ADJ
afs-88257	133	17	strategies	strategy	NOUN
afs-88257	133	18	for	for	ADP
afs-88257	133	19	working	work	VERB
afs-88257	133	20	capital	capital	NOUN
afs-88257	133	21	among	among	ADP
afs-88257	133	22	food	food	NOUN
afs-88257	133	23	companies	company	NOUN
afs-88257	133	24	from	from	ADP
afs-88257	133	25	northern	northern	PROPN
afs-88257	133	26	europe	europe	PROPN
afs-88257	133	27	.	.	PUNCT
afs-88257	134	1	the	the	DET
afs-88257	134	2	use	use	NOUN
afs-88257	134	3	of	of	ADP
afs-88257	134	4	statistical	statistical	ADJ
afs-88257	134	5	measures	measure	NOUN
afs-88257	134	6	helped	help	VERB
afs-88257	134	7	to	to	PART
afs-88257	134	8	evaluate	evaluate	VERB
afs-88257	134	9	the	the	DET
afs-88257	134	10	dispersion	dispersion	NOUN
afs-88257	134	11	and	and	CCONJ
afs-88257	134	12	trends	trend	NOUN
afs-88257	134	13	in	in	ADP
afs-88257	134	14	shaping	shape	VERB
afs-88257	134	15	the	the	DET
afs-88257	134	16	strategies	strategy	NOUN
afs-88257	134	17	for	for	ADP
afs-88257	134	18	working	work	VERB
afs-88257	134	19	capital	capital	NOUN
afs-88257	134	20	management	management	NOUN
afs-88257	134	21	(	(	PUNCT
afs-88257	134	22	table	table	NOUN
afs-88257	134	23	5	5	NUM
afs-88257	134	24	)	)	PUNCT
afs-88257	134	25	.	.	PUNCT
afs-88257	135	1	the	the	DET
afs-88257	135	2	population	population	NOUN
afs-88257	135	3	standard	standard	NOUN
afs-88257	135	4	deviation	deviation	NOUN
afs-88257	135	5	(	(	PUNCT
afs-88257	135	6	σ	σ	NOUN
afs-88257	135	7	)	)	PUNCT
afs-88257	135	8	and	and	CCONJ
afs-88257	135	9	coefficient	coefficient	NOUN
afs-88257	135	10	of	of	ADP
afs-88257	135	11	variation	variation	NOUN
afs-88257	135	12	(	(	PUNCT
afs-88257	135	13	c	c	NOUN
afs-88257	135	14	)	)	PUNCT
afs-88257	135	15	of	of	ADP
afs-88257	135	16	complex	complex	ADJ
afs-88257	135	17	indicators	indicator	NOUN
afs-88257	135	18	showed	show	VERB
afs-88257	135	19	that	that	SCONJ
afs-88257	135	20	strategies	strategy	NOUN
afs-88257	135	21	for	for	ADP
afs-88257	135	22	current	current	ADJ
afs-88257	135	23	assets	asset	NOUN
afs-88257	135	24	appeared	appear	VERB
afs-88257	135	25	to	to	PART
afs-88257	135	26	be	be	AUX
afs-88257	135	27	more	more	ADV
afs-88257	135	28	dispersed	disperse	VERB
afs-88257	135	29	on	on	ADP
afs-88257	135	30	average	average	ADJ
afs-88257	135	31	(	(	PUNCT
afs-88257	135	32	σ	σ	NOUN
afs-88257	135	33	=	=	PROPN
afs-88257	135	34	13.2	13.2	NUM
afs-88257	135	35	and	and	CCONJ
afs-88257	135	36	c	c	NOUN
afs-88257	135	37	=	=	NOUN
afs-88257	135	38	0.26	0.26	NUM
afs-88257	135	39	)	)	PUNCT
afs-88257	135	40	than	than	ADP
afs-88257	135	41	strategies	strategy	NOUN
afs-88257	135	42	for	for	ADP
afs-88257	135	43	current	current	ADJ
afs-88257	135	44	liabilities	liability	NOUN
afs-88257	135	45	(	(	PUNCT
afs-88257	135	46	σ	σ	NOUN
afs-88257	135	47	=	=	SYM
afs-88257	135	48	11.1	11.1	NUM
afs-88257	135	49	and	and	CCONJ
afs-88257	135	50	c	c	NOUN
afs-88257	135	51	=	=	SYM
afs-88257	135	52	0.17	0.17	NUM
afs-88257	135	53	)	)	PUNCT
afs-88257	135	54	.	.	PUNCT
afs-88257	136	1	it	it	PRON
afs-88257	136	2	supported	support	VERB
afs-88257	136	3	the	the	DET
afs-88257	136	4	argument	argument	NOUN
afs-88257	136	5	that	that	SCONJ
afs-88257	136	6	in	in	ADP
afs-88257	136	7	some	some	DET
afs-88257	136	8	food	food	NOUN
afs-88257	136	9	companies	company	NOUN
afs-88257	136	10	,	,	PUNCT
afs-88257	136	11	probably	probably	ADV
afs-88257	136	12	with	with	ADP
afs-88257	136	13	extreme	extreme	ADJ
afs-88257	136	14	orientation	orientation	NOUN
afs-88257	136	15	on	on	ADP
afs-88257	136	16	value	value	NOUN
afs-88257	136	17	or	or	CCONJ
afs-88257	136	18	liquidity	liquidity	NOUN
afs-88257	136	19	,	,	PUNCT
afs-88257	136	20	liabilities	liability	NOUN
afs-88257	136	21	might	might	AUX
afs-88257	136	22	not	not	PART
afs-88257	136	23	be	be	AUX
afs-88257	136	24	entirely	entirely	ADV
afs-88257	136	25	matched	match	VERB
afs-88257	136	26	against	against	ADP
afs-88257	136	27	the	the	DET
afs-88257	136	28	timing	timing	NOUN
afs-88257	136	29	of	of	ADP
afs-88257	136	30	cash	cash	NOUN
afs-88257	136	31	flows	flow	NOUN
afs-88257	136	32	from	from	ADP
afs-88257	136	33	operating	operate	VERB
afs-88257	136	34	activities	activity	NOUN
afs-88257	136	35	that	that	PRON
afs-88257	136	36	formed	form	VERB
afs-88257	136	37	the	the	DET
afs-88257	136	38	level	level	NOUN
afs-88257	136	39	and	and	CCONJ
afs-88257	136	40	structure	structure	NOUN
afs-88257	136	41	of	of	ADP
afs-88257	136	42	current	current	ADJ
afs-88257	136	43	assets	asset	NOUN
afs-88257	136	44	.	.	PUNCT
afs-88257	137	1	if	if	SCONJ
afs-88257	137	2	not	not	PART
afs-88257	137	3	controlled	control	VERB
afs-88257	137	4	by	by	ADP
afs-88257	137	5	managers	manager	NOUN
afs-88257	137	6	,	,	PUNCT
afs-88257	137	7	the	the	DET
afs-88257	137	8	table	table	NOUN
afs-88257	137	9	4	4	NUM
afs-88257	137	10	.	.	PUNCT
afs-88257	138	1	the	the	DET
afs-88257	138	2	complex	complex	ADJ
afs-88257	138	3	indicator	indicator	NOUN
afs-88257	138	4	(	(	PUNCT
afs-88257	138	5	a	a	NOUN
afs-88257	138	6	)	)	PUNCT
afs-88257	138	7	of	of	ADP
afs-88257	138	8	strategies	strategy	NOUN
afs-88257	138	9	for	for	ADP
afs-88257	138	10	working	work	VERB
afs-88257	138	11	capital	capital	NOUN
afs-88257	138	12	management	management	NOUN
afs-88257	138	13	of	of	ADP
afs-88257	138	14	food	food	NOUN
afs-88257	138	15	companies	company	NOUN
afs-88257	138	16	from	from	ADP
afs-88257	138	17	northern	northern	PROPN
afs-88257	138	18	europe	europe	PROPN
afs-88257	138	19	company	company	PROPN
afs-88257	138	20	indicator	indicator	NOUN
afs-88257	138	21	2005	2005	NUM
afs-88257	138	22	2006	2006	NUM
afs-88257	138	23	2007	2007	NUM
afs-88257	138	24	2008	2008	NUM
afs-88257	138	25	2009	2009	NUM
afs-88257	138	26	2010	2010	NUM
afs-88257	138	27	2011	2011	NUM
afs-88257	138	28	2012	2012	NUM
afs-88257	138	29	2013	2013	NUM
afs-88257	138	30	2014	2014	NUM
afs-88257	138	31	2015	2015	NUM
afs-88257	138	32	average	average	ADJ
afs-88257	138	33	aak	aak	NOUN
afs-88257	138	34	51.4	51.4	NUM
afs-88257	138	35	41.0	41.0	NUM
afs-88257	138	36	50.5	50.5	NUM
afs-88257	138	37	46.8	46.8	NUM
afs-88257	138	38	55.3	55.3	NUM
afs-88257	138	39	56.0	56.0	NUM
afs-88257	138	40	58.4	58.4	NUM
afs-88257	138	41	58.7	58.7	NUM
afs-88257	138	42	58.0	58.0	NUM
afs-88257	138	43	58.8	58.8	NUM
afs-88257	138	44	56.5	56.5	NUM
afs-88257	138	45	53.8	53.8	NUM
afs-88257	138	46	apetit	apetit	PROPN
afs-88257	138	47	43.0	43.0	NUM
afs-88257	138	48	39.3	39.3	NUM
afs-88257	138	49	46.8	46.8	NUM
afs-88257	138	50	57.9	57.9	NUM
afs-88257	138	51	66.4	66.4	NUM
afs-88257	138	52	63.5	63.5	NUM
afs-88257	138	53	65.2	65.2	NUM
afs-88257	138	54	46.2	46.2	NUM
afs-88257	138	55	52.6	52.6	NUM
afs-88257	138	56	58.0	58.0	NUM
afs-88257	138	57	46.5	46.5	NUM
afs-88257	138	58	53.2	53.2	NUM
afs-88257	138	59	atria	atria	NOUN
afs-88257	138	60	37.3	37.3	NUM
afs-88257	138	61	47.2	47.2	NUM
afs-88257	138	62	39.5	39.5	NUM
afs-88257	138	63	41.6	41.6	NUM
afs-88257	138	64	42.8	42.8	NUM
afs-88257	138	65	43.1	43.1	NUM
afs-88257	138	66	41.7	41.7	NUM
afs-88257	138	67	41.1	41.1	NUM
afs-88257	138	68	42.3	42.3	NUM
afs-88257	138	69	47.4	47.4	NUM
afs-88257	138	70	44.4	44.4	NUM
afs-88257	138	71	42.6	42.6	NUM
afs-88257	138	72	austevoll	austevoll	NOUN
afs-88257	138	73	–	–	PUNCT
afs-88257	138	74	65.9	65.9	NUM
afs-88257	138	75	52.1	52.1	NUM
afs-88257	138	76	49.4	49.4	NUM
afs-88257	138	77	58.1	58.1	NUM
afs-88257	138	78	65.1	65.1	NUM
afs-88257	138	79	61.6	61.6	NUM
afs-88257	138	80	63.4	63.4	NUM
afs-88257	138	81	63.0	63.0	NUM
afs-88257	138	82	63.0	63.0	NUM
afs-88257	138	83	60.0	60.0	NUM
afs-88257	138	84	60.2	60.2	NUM
afs-88257	138	85	grieg	grieg	NOUN
afs-88257	138	86	–	–	PUNCT
afs-88257	138	87	51.0	51.0	NUM
afs-88257	138	88	52.6	52.6	NUM
afs-88257	138	89	30.4	30.4	NUM
afs-88257	138	90	53.2	53.2	NUM
afs-88257	138	91	61.1	61.1	NUM
afs-88257	138	92	50.1	50.1	NUM
afs-88257	138	93	53.9	53.9	NUM
afs-88257	138	94	57.9	57.9	NUM
afs-88257	138	95	53.9	53.9	NUM
afs-88257	138	96	63.7	63.7	NUM
afs-88257	138	97	52.8	52.8	NUM
afs-88257	138	98	hkscan	hkscan	ADJ
afs-88257	138	99	35.1	35.1	NUM
afs-88257	138	100	32.5	32.5	NUM
afs-88257	138	101	47.2	47.2	NUM
afs-88257	138	102	51.9	51.9	NUM
afs-88257	138	103	49.4	49.4	NUM
afs-88257	138	104	43.5	43.5	NUM
afs-88257	138	105	38.5	38.5	NUM
afs-88257	138	106	37.8	37.8	NUM
afs-88257	138	107	41.0	41.0	NUM
afs-88257	138	108	46.6	46.6	NUM
afs-88257	138	109	44.7	44.7	NUM
afs-88257	138	110	42.6	42.6	NUM
afs-88257	139	1	leroy	leroy	PROPN
afs-88257	140	1	58.6	58.6	NUM
afs-88257	140	2	54.7	54.7	NUM
afs-88257	140	3	60.7	60.7	NUM
afs-88257	140	4	55.1	55.1	NUM
afs-88257	140	5	61.5	61.5	NUM
afs-88257	140	6	68.1	68.1	NUM
afs-88257	140	7	65.8	65.8	NUM
afs-88257	140	8	63.2	63.2	NUM
afs-88257	140	9	65.2	65.2	NUM
afs-88257	140	10	69.3	69.3	NUM
afs-88257	140	11	59.8	59.8	NUM
afs-88257	140	12	62.0	62.0	NUM
afs-88257	140	13	marine	marine	NOUN
afs-88257	140	14	51.5	51.5	NUM
afs-88257	140	15	56.9	56.9	NUM
afs-88257	140	16	50.6	50.6	NUM
afs-88257	140	17	55.6	55.6	NUM
afs-88257	140	18	58.7	58.7	NUM
afs-88257	140	19	58.0	58.0	NUM
afs-88257	140	20	58.7	58.7	NUM
afs-88257	140	21	55.8	55.8	NUM
afs-88257	140	22	57.5	57.5	NUM
afs-88257	140	23	58.2	58.2	NUM
afs-88257	140	24	58.6	58.6	NUM
afs-88257	140	25	56.4	56.4	NUM
afs-88257	140	26	orkla	orkla	NOUN
afs-88257	140	27	65.7	65.7	NUM
afs-88257	140	28	59.5	59.5	NUM
afs-88257	140	29	70.2	70.2	NUM
afs-88257	140	30	73.5	73.5	NUM
afs-88257	140	31	66.2	66.2	NUM
afs-88257	140	32	71.8	71.8	NUM
afs-88257	140	33	65.6	65.6	NUM
afs-88257	140	34	65.5	65.5	NUM
afs-88257	140	35	49.7	49.7	NUM
afs-88257	140	36	58.1	58.1	NUM
afs-88257	140	37	58.2	58.2	NUM
afs-88257	140	38	64.0	64.0	NUM
afs-88257	140	39	raisio	raisio	NOUN
afs-88257	140	40	73.9	73.9	NUM
afs-88257	140	41	61.5	61.5	NUM
afs-88257	140	42	64.4	64.4	NUM
afs-88257	140	43	66.4	66.4	NUM
afs-88257	140	44	71.3	71.3	NUM
afs-88257	140	45	68.5	68.5	NUM
afs-88257	140	46	58.3	58.3	NUM
afs-88257	140	47	55.4	55.4	NUM
afs-88257	140	48	66.1	66.1	NUM
afs-88257	140	49	57.2	57.2	NUM
afs-88257	140	50	62.3	62.3	NUM
afs-88257	140	51	64.1	64.1	NUM
afs-88257	140	52	salmar	salmar	NOUN
afs-88257	140	53	43.5	43.5	NUM
afs-88257	140	54	46.8	46.8	NUM
afs-88257	140	55	51.7	51.7	NUM
afs-88257	140	56	47.1	47.1	NUM
afs-88257	140	57	55.6	55.6	NUM
afs-88257	140	58	58.4	58.4	NUM
afs-88257	140	59	44.4	44.4	NUM
afs-88257	140	60	48.9	48.9	NUM
afs-88257	140	61	62.2	62.2	NUM
afs-88257	140	62	52.0	52.0	NUM
afs-88257	140	63	56.1	56.1	NUM
afs-88257	140	64	51.5	51.5	NUM
afs-88257	140	65	skane	skane	NOUN
afs-88257	140	66	82.6	82.6	NUM
afs-88257	140	67	79.6	79.6	NUM
afs-88257	140	68	81.8	81.8	NUM
afs-88257	140	69	84.6	84.6	NUM
afs-88257	140	70	76.5	76.5	NUM
afs-88257	140	71	73.2	73.2	NUM
afs-88257	140	72	72.2	72.2	NUM
afs-88257	140	73	79.2	79.2	NUM
afs-88257	140	74	78.6	78.6	NUM
afs-88257	140	75	83.4	83.4	NUM
afs-88257	140	76	83.3	83.3	NUM
afs-88257	140	77	79.6	79.6	NUM
afs-88257	140	78	average	average	NOUN
afs-88257	140	79	54.3	54.3	NUM
afs-88257	140	80	53.0	53.0	NUM
afs-88257	140	81	55.7	55.7	NUM
afs-88257	140	82	55.0	55.0	NUM
afs-88257	140	83	59.6	59.6	NUM
afs-88257	140	84	60.9	60.9	NUM
afs-88257	140	85	56.7	56.7	NUM
afs-88257	140	86	55.8	55.8	NUM
afs-88257	140	87	57.8	57.8	NUM
afs-88257	140	88	58.8	58.8	NUM
afs-88257	140	89	57.9	57.9	NUM
afs-88257	140	90	56.9	56.9	NUM
afs-88257	140	91	fig	fig	NOUN
afs-88257	140	92	.	.	PUNCT
afs-88257	141	1	6	6	NUM
afs-88257	141	2	.	.	PUNCT
afs-88257	142	1	the	the	DET
afs-88257	142	2	average	average	ADJ
afs-88257	142	3	values	value	NOUN
afs-88257	142	4	of	of	ADP
afs-88257	142	5	complex	complex	ADJ
afs-88257	142	6	indicator	indicator	NOUN
afs-88257	142	7	of	of	ADP
afs-88257	142	8	strategies	strategy	NOUN
afs-88257	142	9	for	for	ADP
afs-88257	142	10	working	work	VERB
afs-88257	142	11	capital	capital	NOUN
afs-88257	142	12	management	management	NOUN
afs-88257	142	13	(	(	PUNCT
afs-88257	142	14	a	a	NOUN
afs-88257	142	15	)	)	PUNCT
afs-88257	142	16	versus	versus	ADP
afs-88257	142	17	liquidity	liquidity	NOUN
afs-88257	142	18	ratios	ratio	NOUN
afs-88257	142	19	of	of	ADP
afs-88257	142	20	food	food	NOUN
afs-88257	142	21	companies	company	NOUN
afs-88257	142	22	from	from	ADP
afs-88257	142	23	northern	northern	PROPN
afs-88257	142	24	europe	europe	PROPN
afs-88257	142	25	in	in	ADP
afs-88257	142	26	2005–2015	2005–2015	NUM
afs-88257	142	27	agricultural	agricultural	ADJ
afs-88257	142	28	and	and	CCONJ
afs-88257	142	29	food	food	NOUN
afs-88257	142	30	science	science	NOUN
afs-88257	142	31	s.	s.	PROPN
afs-88257	142	32	zabolotnyy	zabolotnyy	PROPN
afs-88257	142	33	&	&	CCONJ
afs-88257	142	34	t.	t.	PROPN
afs-88257	142	35	sipiläinen	sipiläinen	PROPN
afs-88257	142	36	(	(	PUNCT
afs-88257	142	37	2020	2020	NUM
afs-88257	142	38	)	)	PUNCT
afs-88257	142	39	29	29	NUM
afs-88257	142	40	:	:	PUNCT
afs-88257	142	41	239–249	239–249	NUM
afs-88257	142	42	247	247	NUM
afs-88257	142	43	deterioration	deterioration	NOUN
afs-88257	142	44	of	of	ADP
afs-88257	142	45	the	the	DET
afs-88257	142	46	relationship	relationship	NOUN
afs-88257	142	47	between	between	ADP
afs-88257	142	48	current	current	ADJ
afs-88257	142	49	assets	asset	NOUN
afs-88257	142	50	and	and	CCONJ
afs-88257	142	51	current	current	ADJ
afs-88257	142	52	liabilities	liability	NOUN
afs-88257	142	53	during	during	ADP
afs-88257	142	54	a	a	DET
afs-88257	142	55	year	year	NOUN
afs-88257	142	56	might	might	AUX
afs-88257	142	57	decrease	decrease	VERB
afs-88257	142	58	the	the	DET
afs-88257	142	59	efficiency	efficiency	NOUN
afs-88257	142	60	of	of	ADP
afs-88257	142	61	working	work	VERB
afs-88257	142	62	capital	capital	NOUN
afs-88257	142	63	management	management	NOUN
afs-88257	142	64	,	,	PUNCT
afs-88257	142	65	including	include	VERB
afs-88257	142	66	the	the	DET
afs-88257	142	67	growth	growth	NOUN
afs-88257	142	68	of	of	ADP
afs-88257	142	69	idle	idle	ADJ
afs-88257	142	70	cash	cash	NOUN
afs-88257	142	71	and	and	CCONJ
afs-88257	142	72	the	the	DET
afs-88257	142	73	rise	rise	NOUN
afs-88257	142	74	of	of	ADP
afs-88257	142	75	the	the	DET
afs-88257	142	76	cost	cost	NOUN
afs-88257	142	77	of	of	ADP
afs-88257	142	78	short	short	ADJ
afs-88257	142	79	-	-	PUNCT
afs-88257	142	80	term	term	NOUN
afs-88257	142	81	financing	financing	NOUN
afs-88257	142	82	.	.	PUNCT
afs-88257	143	1	however	however	ADV
afs-88257	143	2	,	,	PUNCT
afs-88257	143	3	the	the	DET
afs-88257	143	4	combination	combination	NOUN
afs-88257	143	5	of	of	ADP
afs-88257	143	6	strategies	strategy	NOUN
afs-88257	143	7	for	for	ADP
afs-88257	143	8	current	current	ADJ
afs-88257	143	9	assets	asset	NOUN
afs-88257	143	10	and	and	CCONJ
afs-88257	143	11	liabilities	liability	NOUN
afs-88257	143	12	suppressed	suppress	VERB
afs-88257	143	13	the	the	DET
afs-88257	143	14	dispersion	dispersion	NOUN
afs-88257	143	15	of	of	ADP
afs-88257	143	16	the	the	DET
afs-88257	143	17	overall	overall	ADJ
afs-88257	143	18	strategy	strategy	NOUN
afs-88257	143	19	for	for	ADP
afs-88257	143	20	working	work	VERB
afs-88257	143	21	capital	capital	NOUN
afs-88257	143	22	management	management	NOUN
afs-88257	143	23	in	in	ADP
afs-88257	143	24	food	food	NOUN
afs-88257	143	25	companies	company	NOUN
afs-88257	143	26	as	as	ADP
afs-88257	143	27	the	the	DET
afs-88257	143	28	standard	standard	ADJ
afs-88257	143	29	deviation	deviation	NOUN
afs-88257	143	30	for	for	ADP
afs-88257	143	31	a	a	DET
afs-88257	143	32	dropped	drop	VERB
afs-88257	143	33	to	to	ADP
afs-88257	143	34	9.7	9.7	NUM
afs-88257	143	35	.	.	PUNCT
afs-88257	144	1	furthermore	furthermore	ADV
afs-88257	144	2	,	,	PUNCT
afs-88257	144	3	considering	consider	VERB
afs-88257	144	4	the	the	DET
afs-88257	144	5	distribution	distribution	NOUN
afs-88257	144	6	of	of	ADP
afs-88257	144	7	values	value	NOUN
afs-88257	144	8	of	of	ADP
afs-88257	144	9	the	the	DET
afs-88257	144	10	standard	standard	ADJ
afs-88257	144	11	deviation	deviation	NOUN
afs-88257	144	12	over	over	ADP
afs-88257	144	13	time	time	NOUN
afs-88257	144	14	,	,	PUNCT
afs-88257	144	15	we	we	PRON
afs-88257	144	16	hypothesized	hypothesize	VERB
afs-88257	144	17	a	a	DET
afs-88257	144	18	probability	probability	NOUN
afs-88257	144	19	of	of	ADP
afs-88257	144	20	an	an	DET
afs-88257	144	21	inverse	inverse	NOUN
afs-88257	144	22	relation	relation	NOUN
afs-88257	144	23	between	between	ADP
afs-88257	144	24	a1	a1	NOUN
afs-88257	144	25	and	and	CCONJ
afs-88257	144	26	a2	a2	PROPN
afs-88257	144	27	that	that	PRON
afs-88257	144	28	would	would	AUX
afs-88257	144	29	mean	mean	VERB
afs-88257	144	30	companies	company	NOUN
afs-88257	144	31	tended	tend	VERB
afs-88257	144	32	to	to	PART
afs-88257	144	33	use	use	VERB
afs-88257	144	34	moderate	moderate	ADJ
afs-88257	144	35	strategies	strategy	NOUN
afs-88257	144	36	for	for	ADP
afs-88257	144	37	working	work	VERB
afs-88257	144	38	capital	capital	NOUN
afs-88257	144	39	management	management	NOUN
afs-88257	144	40	to	to	PART
afs-88257	144	41	balance	balance	VERB
afs-88257	144	42	the	the	DET
afs-88257	144	43	risk	risk	NOUN
afs-88257	144	44	-	-	PUNCT
afs-88257	144	45	return	return	NOUN
afs-88257	144	46	trade	trade	NOUN
afs-88257	144	47	-	-	PUNCT
afs-88257	144	48	off	off	NOUN
afs-88257	144	49	in	in	ADP
afs-88257	144	50	short	short	ADJ
afs-88257	144	51	-	-	PUNCT
afs-88257	144	52	term	term	NOUN
afs-88257	144	53	financial	financial	ADJ
afs-88257	144	54	management	management	NOUN
afs-88257	144	55	.	.	PUNCT
afs-88257	145	1	besides	besides	SCONJ
afs-88257	145	2	,	,	PUNCT
afs-88257	145	3	we	we	PRON
afs-88257	145	4	noticed	notice	VERB
afs-88257	145	5	that	that	SCONJ
afs-88257	145	6	the	the	DET
afs-88257	145	7	overall	overall	ADJ
afs-88257	145	8	strategy	strategy	NOUN
afs-88257	145	9	for	for	ADP
afs-88257	145	10	working	work	VERB
afs-88257	145	11	capital	capital	NOUN
afs-88257	145	12	management	management	NOUN
afs-88257	145	13	became	become	VERB
afs-88257	145	14	less	less	ADV
afs-88257	145	15	dispersed	disperse	VERB
afs-88257	145	16	in	in	ADP
afs-88257	145	17	the	the	DET
afs-88257	145	18	sample	sample	NOUN
afs-88257	145	19	over	over	ADP
afs-88257	145	20	time	time	NOUN
afs-88257	145	21	as	as	SCONJ
afs-88257	145	22	the	the	DET
afs-88257	145	23	distribution	distribution	NOUN
afs-88257	145	24	of	of	ADP
afs-88257	145	25	values	value	NOUN
afs-88257	145	26	of	of	ADP
afs-88257	145	27	the	the	DET
afs-88257	145	28	coefficient	coefficient	NOUN
afs-88257	145	29	of	of	ADP
afs-88257	145	30	variation	variation	NOUN
afs-88257	145	31	decreased	decrease	VERB
afs-88257	145	32	from	from	ADP
afs-88257	145	33	the	the	DET
afs-88257	145	34	range	range	NOUN
afs-88257	145	35	of	of	ADP
afs-88257	145	36	0.20–0.28	0.20–0.28	NUM
afs-88257	145	37	in	in	ADP
afs-88257	145	38	2005–2008	2005–2008	NUM
afs-88257	145	39	to	to	ADP
afs-88257	145	40	0.15–0.20	0.15–0.20	NUM
afs-88257	145	41	in	in	ADP
afs-88257	145	42	2009–2015	2009–2015	NUM
afs-88257	145	43	.	.	PUNCT
afs-88257	146	1	the	the	DET
afs-88257	146	2	graphical	graphical	ADJ
afs-88257	146	3	presentation	presentation	NOUN
afs-88257	146	4	of	of	ADP
afs-88257	146	5	the	the	DET
afs-88257	146	6	relationship	relationship	NOUN
afs-88257	146	7	between	between	ADP
afs-88257	146	8	the	the	DET
afs-88257	146	9	sub	sub	NOUN
afs-88257	146	10	-	-	NOUN
afs-88257	146	11	indicator	indicator	NOUN
afs-88257	146	12	of	of	ADP
afs-88257	146	13	current	current	ADJ
afs-88257	146	14	assets	asset	NOUN
afs-88257	146	15	a1	a1	NOUN
afs-88257	146	16	and	and	CCONJ
afs-88257	146	17	sub	sub	NOUN
afs-88257	146	18	-	-	NOUN
afs-88257	146	19	indicator	indicator	NOUN
afs-88257	146	20	of	of	ADP
afs-88257	146	21	current	current	ADJ
afs-88257	146	22	liabilities	liability	NOUN
afs-88257	146	23	a2	a2	PROPN
afs-88257	146	24	helps	help	VERB
afs-88257	146	25	to	to	PART
afs-88257	146	26	identify	identify	VERB
afs-88257	146	27	four	four	NUM
afs-88257	146	28	scenarios	scenario	NOUN
afs-88257	146	29	of	of	ADP
afs-88257	146	30	overall	overall	ADJ
afs-88257	146	31	strategies	strategy	NOUN
afs-88257	146	32	for	for	ADP
afs-88257	146	33	working	work	VERB
afs-88257	146	34	capital	capital	NOUN
afs-88257	146	35	management	management	NOUN
afs-88257	146	36	of	of	ADP
afs-88257	146	37	food	food	NOUN
afs-88257	146	38	companies	company	NOUN
afs-88257	146	39	from	from	ADP
afs-88257	146	40	northern	northern	PROPN
afs-88257	146	41	europe	europe	PROPN
afs-88257	146	42	(	(	PUNCT
afs-88257	146	43	fig	fig	NOUN
afs-88257	146	44	.	.	PUNCT
afs-88257	146	45	7	7	NUM
afs-88257	146	46	)	)	PUNCT
afs-88257	146	47	.	.	PUNCT
afs-88257	147	1	the	the	DET
afs-88257	147	2	distribution	distribution	NOUN
afs-88257	147	3	of	of	ADP
afs-88257	147	4	indicators	indicator	NOUN
afs-88257	147	5	supported	support	VERB
afs-88257	147	6	the	the	DET
afs-88257	147	7	argument	argument	NOUN
afs-88257	147	8	on	on	ADP
afs-88257	147	9	the	the	DET
afs-88257	147	10	extremely	extremely	ADV
afs-88257	147	11	conservative	conservative	ADJ
afs-88257	147	12	approach	approach	NOUN
afs-88257	147	13	to	to	ADP
afs-88257	147	14	working	work	VERB
afs-88257	147	15	capital	capital	NOUN
afs-88257	147	16	management	management	NOUN
afs-88257	147	17	in	in	ADP
afs-88257	147	18	the	the	DET
afs-88257	147	19	case	case	NOUN
afs-88257	147	20	of	of	ADP
afs-88257	147	21	the	the	DET
afs-88257	147	22	swedish	swedish	ADJ
afs-88257	147	23	company	company	PROPN
afs-88257	147	24	skane	skane	NOUN
afs-88257	147	25	that	that	PRON
afs-88257	147	26	maintained	maintain	VERB
afs-88257	147	27	a	a	DET
afs-88257	147	28	high	high	ADJ
afs-88257	147	29	level	level	NOUN
afs-88257	147	30	of	of	ADP
afs-88257	147	31	current	current	ADJ
afs-88257	147	32	and	and	CCONJ
afs-88257	147	33	liquid	liquid	ADJ
afs-88257	147	34	assets	asset	NOUN
afs-88257	147	35	and	and	CCONJ
afs-88257	147	36	a	a	DET
afs-88257	147	37	low	low	ADJ
afs-88257	147	38	level	level	NOUN
afs-88257	147	39	of	of	ADP
afs-88257	147	40	current	current	ADJ
afs-88257	147	41	liabilities	liability	NOUN
afs-88257	147	42	with	with	ADP
afs-88257	147	43	a	a	DET
afs-88257	147	44	predominance	predominance	NOUN
afs-88257	147	45	of	of	ADP
afs-88257	147	46	accounts	account	NOUN
afs-88257	147	47	payable	payable	ADJ
afs-88257	147	48	.	.	PUNCT
afs-88257	148	1	in	in	ADP
afs-88257	148	2	other	other	ADJ
afs-88257	148	3	companies	company	NOUN
afs-88257	148	4	from	from	ADP
afs-88257	148	5	group	group	PROPN
afs-88257	148	6	a	a	PROPN
afs-88257	148	7	,	,	PUNCT
afs-88257	148	8	including	include	VERB
afs-88257	148	9	raisio	raisio	NOUN
afs-88257	148	10	,	,	PUNCT
afs-88257	148	11	orkla	orkla	NOUN
afs-88257	148	12	,	,	PUNCT
afs-88257	148	13	and	and	CCONJ
afs-88257	148	14	leroy	leroy	PROPN
afs-88257	148	15	,	,	PUNCT
afs-88257	148	16	the	the	DET
afs-88257	148	17	difference	difference	NOUN
afs-88257	148	18	between	between	ADP
afs-88257	148	19	current	current	ADJ
afs-88257	148	20	assets	asset	NOUN
afs-88257	148	21	and	and	CCONJ
afs-88257	148	22	liabilities	liability	NOUN
afs-88257	148	23	was	be	AUX
afs-88257	148	24	not	not	PART
afs-88257	148	25	so	so	ADV
afs-88257	148	26	large	large	ADJ
afs-88257	148	27	as	as	SCONJ
afs-88257	148	28	the	the	DET
afs-88257	148	29	values	value	NOUN
afs-88257	148	30	of	of	ADP
afs-88257	148	31	indicators	indicator	NOUN
afs-88257	148	32	approached	approach	VERB
afs-88257	148	33	the	the	DET
afs-88257	148	34	benchmark	benchmark	NOUN
afs-88257	148	35	and	and	CCONJ
afs-88257	148	36	indicated	indicate	VERB
afs-88257	148	37	lesser	less	ADJ
afs-88257	148	38	orientation	orientation	NOUN
afs-88257	148	39	on	on	ADP
afs-88257	148	40	liquidity	liquidity	NOUN
afs-88257	148	41	.	.	PUNCT
afs-88257	149	1	companies	company	NOUN
afs-88257	149	2	with	with	ADP
afs-88257	149	3	aggressive	aggressive	ADJ
afs-88257	149	4	strategies	strategy	NOUN
afs-88257	149	5	for	for	ADP
afs-88257	149	6	working	work	VERB
afs-88257	149	7	capital	capital	NOUN
afs-88257	149	8	management	management	NOUN
afs-88257	149	9	such	such	ADJ
afs-88257	149	10	as	as	ADP
afs-88257	149	11	apetit	apetit	PROPN
afs-88257	149	12	,	,	PUNCT
afs-88257	149	13	atria	atria	PROPN
afs-88257	149	14	,	,	PUNCT
afs-88257	149	15	and	and	CCONJ
afs-88257	149	16	hkscan	hkscan	ADJ
afs-88257	149	17	(	(	PUNCT
afs-88257	149	18	group	group	NOUN
afs-88257	149	19	c	c	NOUN
afs-88257	149	20	)	)	PUNCT
afs-88257	149	21	had	have	VERB
afs-88257	149	22	a	a	DET
afs-88257	149	23	low	low	ADJ
afs-88257	149	24	level	level	NOUN
afs-88257	149	25	of	of	ADP
afs-88257	149	26	current	current	ADJ
afs-88257	149	27	assets	asset	NOUN
afs-88257	149	28	with	with	ADP
afs-88257	149	29	/	/	SYM
afs-88257	149	30	or	or	CCONJ
afs-88257	149	31	a	a	DET
afs-88257	149	32	predominance	predominance	NOUN
afs-88257	149	33	of	of	ADP
afs-88257	149	34	inventory	inventory	NOUN
afs-88257	149	35	and	and	CCONJ
afs-88257	149	36	accounts	account	VERB
afs-88257	149	37	receivable	receivable	ADJ
afs-88257	149	38	along	along	ADP
afs-88257	149	39	with	with	ADP
afs-88257	149	40	a	a	DET
afs-88257	149	41	large	large	ADJ
afs-88257	149	42	share	share	NOUN
afs-88257	149	43	of	of	ADP
afs-88257	149	44	current	current	ADJ
afs-88257	149	45	liabilities	liability	NOUN
afs-88257	149	46	.	.	PUNCT
afs-88257	150	1	the	the	DET
afs-88257	150	2	combination	combination	NOUN
afs-88257	150	3	mentioned	mention	VERB
afs-88257	150	4	above	above	ADP
afs-88257	150	5	significantly	significantly	ADV
afs-88257	150	6	reduced	reduce	VERB
afs-88257	150	7	liquidity	liquidity	NOUN
afs-88257	150	8	and	and	CCONJ
afs-88257	150	9	implied	imply	VERB
afs-88257	150	10	a	a	DET
afs-88257	150	11	rising	rise	VERB
afs-88257	150	12	probability	probability	NOUN
afs-88257	150	13	of	of	ADP
afs-88257	150	14	financial	financial	ADJ
afs-88257	150	15	distress	distress	NOUN
afs-88257	150	16	in	in	ADP
afs-88257	150	17	these	these	DET
afs-88257	150	18	companies	company	NOUN
afs-88257	150	19	.	.	PUNCT
afs-88257	151	1	table	table	NOUN
afs-88257	151	2	5	5	NUM
afs-88257	151	3	.	.	PUNCT
afs-88257	151	4	dispersion	dispersion	NOUN
afs-88257	151	5	of	of	ADP
afs-88257	151	6	strategies	strategy	NOUN
afs-88257	151	7	for	for	ADP
afs-88257	151	8	working	work	VERB
afs-88257	151	9	capital	capital	NOUN
afs-88257	151	10	management	management	NOUN
afs-88257	151	11	of	of	ADP
afs-88257	151	12	food	food	NOUN
afs-88257	151	13	companies	company	NOUN
afs-88257	151	14	from	from	ADP
afs-88257	151	15	northern	northern	PROPN
afs-88257	151	16	europe	europe	PROPN
afs-88257	151	17	indicator	indicator	NOUN
afs-88257	151	18	years	year	NOUN
afs-88257	151	19	2005	2005	NUM
afs-88257	151	20	2006	2006	NUM
afs-88257	151	21	2007	2007	NUM
afs-88257	151	22	2008	2008	NUM
afs-88257	151	23	2009	2009	NUM
afs-88257	151	24	2010	2010	NUM
afs-88257	151	25	2011	2011	NUM
afs-88257	151	26	2012	2012	NUM
afs-88257	151	27	2013	2013	NUM
afs-88257	151	28	2014	2014	NUM
afs-88257	151	29	2015	2015	NUM
afs-88257	151	30	average	average	ADJ
afs-88257	151	31	standard	standard	ADJ
afs-88257	151	32	deviation	deviation	NOUN
afs-88257	151	33	a1	a1	NOUN
afs-88257	151	34	20.3	20.3	NUM
afs-88257	151	35	15.2	15.2	NUM
afs-88257	151	36	15.6	15.6	NUM
afs-88257	151	37	12.2	12.2	NUM
afs-88257	151	38	12.2	12.2	NUM
afs-88257	151	39	13.1	13.1	NUM
afs-88257	151	40	14.6	14.6	NUM
afs-88257	151	41	16.8	16.8	NUM
afs-88257	151	42	13.3	13.3	NUM
afs-88257	151	43	15.6	15.6	NUM
afs-88257	151	44	16.2	16.2	NUM
afs-88257	151	45	13.2	13.2	NUM
afs-88257	151	46	a2	a2	PROPN
afs-88257	151	47	12.6	12.6	NUM
afs-88257	151	48	13.6	13.6	NUM
afs-88257	151	49	12.2	12.2	NUM
afs-88257	151	50	22.0	22.0	NUM
afs-88257	151	51	14.0	14.0	NUM
afs-88257	151	52	14.0	14.0	NUM
afs-88257	151	53	14.8	14.8	NUM
afs-88257	151	54	13.3	13.3	NUM
afs-88257	151	55	11.6	11.6	NUM
afs-88257	151	56	8.6	8.6	NUM
afs-88257	151	57	11.9	11.9	NUM
afs-88257	151	58	11.1	11.1	NUM
afs-88257	151	59	a	a	DET
afs-88257	151	60	15.0	15.0	NUM
afs-88257	151	61	12.4	12.4	NUM
afs-88257	151	62	11.2	11.2	NUM
afs-88257	151	63	13.9	13.9	NUM
afs-88257	151	64	9.0	9.0	NUM
afs-88257	151	65	9.4	9.4	NUM
afs-88257	151	66	10.2	10.2	NUM
afs-88257	151	67	11.0	11.0	NUM
afs-88257	151	68	10.1	10.1	NUM
afs-88257	151	69	9.5	9.5	NUM
afs-88257	151	70	10.0	10.0	NUM
afs-88257	151	71	9.7	9.7	NUM
afs-88257	151	72	coefficient	coefficient	NOUN
afs-88257	151	73	of	of	ADP
afs-88257	151	74	variation	variation	NOUN
afs-88257	151	75	a1	a1	NOUN
afs-88257	151	76	0.42	0.42	NUM
afs-88257	151	77	0.32	0.32	NUM
afs-88257	151	78	0.31	0.31	NUM
afs-88257	151	79	0.24	0.24	NUM
afs-88257	151	80	0.24	0.24	NUM
afs-88257	151	81	0.25	0.25	NUM
afs-88257	151	82	0.29	0.29	NUM
afs-88257	151	83	0.33	0.33	NUM
afs-88257	151	84	0.26	0.26	NUM
afs-88257	151	85	0.32	0.32	NUM
afs-88257	151	86	0.34	0.34	NUM
afs-88257	151	87	0.26	0.26	NUM
afs-88257	151	88	a2	a2	PROPN
afs-88257	151	89	0.21	0.21	NUM
afs-88257	151	90	0.23	0.23	NUM
afs-88257	151	91	0.20	0.20	NUM
afs-88257	151	92	0.38	0.38	NUM
afs-88257	151	93	0.21	0.21	NUM
afs-88257	151	94	0.20	0.20	NUM
afs-88257	151	95	0.23	0.23	NUM
afs-88257	151	96	0.22	0.22	NUM
afs-88257	151	97	0.18	0.18	NUM
afs-88257	151	98	0.13	0.13	NUM
afs-88257	151	99	0.18	0.18	NUM
afs-88257	151	100	0.17	0.17	NUM
afs-88257	151	101	a	a	DET
afs-88257	151	102	0.28	0.28	NUM
afs-88257	151	103	0.23	0.23	NUM
afs-88257	151	104	0.20	0.20	NUM
afs-88257	151	105	0.25	0.25	NUM
afs-88257	151	106	0.15	0.15	NUM
afs-88257	151	107	0.15	0.15	NUM
afs-88257	151	108	0.18	0.18	NUM
afs-88257	151	109	0.20	0.20	NUM
afs-88257	151	110	0.17	0.17	NUM
afs-88257	151	111	0.16	0.16	NUM
afs-88257	151	112	0.17	0.17	NUM
afs-88257	151	113	0.17	0.17	NUM
afs-88257	151	114	fig	fig	NOUN
afs-88257	151	115	.	.	PUNCT
afs-88257	152	1	7	7	X
afs-88257	152	2	.	.	X
afs-88257	152	3	strategies	strategy	NOUN
afs-88257	152	4	for	for	ADP
afs-88257	152	5	working	work	VERB
afs-88257	152	6	capital	capital	NOUN
afs-88257	152	7	management	management	NOUN
afs-88257	152	8	of	of	ADP
afs-88257	152	9	food	food	NOUN
afs-88257	152	10	companies	company	NOUN
afs-88257	152	11	from	from	ADP
afs-88257	152	12	northern	northern	PROPN
afs-88257	152	13	europe	europe	PROPN
afs-88257	152	14	agricultural	agricultural	ADJ
afs-88257	152	15	and	and	CCONJ
afs-88257	152	16	food	food	NOUN
afs-88257	152	17	science	science	NOUN
afs-88257	152	18	s.	s.	PROPN
afs-88257	152	19	zabolotnyy	zabolotnyy	PROPN
afs-88257	152	20	&	&	CCONJ
afs-88257	152	21	t.	t.	PROPN
afs-88257	152	22	sipiläinen	sipiläinen	PROPN
afs-88257	152	23	(	(	PUNCT
afs-88257	152	24	2020	2020	NUM
afs-88257	152	25	)	)	PUNCT
afs-88257	152	26	29	29	NUM
afs-88257	152	27	:	:	PUNCT
afs-88257	152	28	239–249	239–249	NUM
afs-88257	152	29	248	248	NUM
afs-88257	152	30	the	the	DET
afs-88257	152	31	moderate	moderate	ADJ
afs-88257	152	32	strategy	strategy	NOUN
afs-88257	152	33	for	for	ADP
afs-88257	152	34	working	work	VERB
afs-88257	152	35	capital	capital	NOUN
afs-88257	152	36	management	management	NOUN
afs-88257	152	37	implied	imply	VERB
afs-88257	152	38	the	the	DET
afs-88257	152	39	balance	balance	NOUN
afs-88257	152	40	between	between	ADP
afs-88257	152	41	risk	risk	NOUN
afs-88257	152	42	and	and	CCONJ
afs-88257	152	43	return	return	VERB
afs-88257	152	44	and	and	CCONJ
afs-88257	152	45	demonstrated	demonstrate	VERB
afs-88257	152	46	two	two	NUM
afs-88257	152	47	variants	variant	NOUN
afs-88257	152	48	.	.	PUNCT
afs-88257	153	1	firms	firm	NOUN
afs-88257	153	2	using	use	VERB
afs-88257	153	3	the	the	DET
afs-88257	153	4	first	first	ADJ
afs-88257	153	5	variant	variant	NOUN
afs-88257	153	6	(	(	PUNCT
afs-88257	153	7	group	group	NOUN
afs-88257	153	8	b	b	PROPN
afs-88257	153	9	)	)	PUNCT
afs-88257	153	10	,	,	PUNCT
afs-88257	153	11	including	include	VERB
afs-88257	153	12	aak	aak	PROPN
afs-88257	153	13	,	,	PUNCT
afs-88257	153	14	salmar	salmar	PROPN
afs-88257	153	15	,	,	PUNCT
afs-88257	153	16	and	and	CCONJ
afs-88257	153	17	marine	marine	PROPN
afs-88257	153	18	,	,	PUNCT
afs-88257	153	19	compensated	compensate	VERB
afs-88257	153	20	the	the	DET
afs-88257	153	21	deficit	deficit	NOUN
afs-88257	153	22	of	of	ADP
afs-88257	153	23	cash	cash	NOUN
afs-88257	153	24	by	by	ADP
afs-88257	153	25	the	the	DET
afs-88257	153	26	reduction	reduction	NOUN
afs-88257	153	27	of	of	ADP
afs-88257	153	28	accounts	account	NOUN
afs-88257	153	29	payable	payable	ADJ
afs-88257	153	30	or	or	CCONJ
afs-88257	153	31	short	short	ADJ
afs-88257	153	32	-	-	PUNCT
afs-88257	153	33	term	term	NOUN
afs-88257	153	34	debt	debt	NOUN
afs-88257	153	35	that	that	PRON
afs-88257	153	36	consequently	consequently	ADV
afs-88257	153	37	supported	support	VERB
afs-88257	153	38	the	the	DET
afs-88257	153	39	level	level	NOUN
afs-88257	153	40	of	of	ADP
afs-88257	153	41	working	work	VERB
afs-88257	153	42	capital	capital	NOUN
afs-88257	153	43	and	and	CCONJ
afs-88257	153	44	positively	positively	ADV
afs-88257	153	45	influenced	influence	VERB
afs-88257	153	46	the	the	DET
afs-88257	153	47	liquidity	liquidity	NOUN
afs-88257	153	48	.	.	PUNCT
afs-88257	154	1	conversely	conversely	ADV
afs-88257	154	2	,	,	PUNCT
afs-88257	154	3	companies	company	NOUN
afs-88257	154	4	from	from	ADP
afs-88257	154	5	group	group	PROPN
afs-88257	154	6	d	d	PROPN
afs-88257	154	7	,	,	PUNCT
afs-88257	154	8	such	such	ADJ
afs-88257	154	9	as	as	ADP
afs-88257	154	10	austevoll	austevoll	NOUN
afs-88257	154	11	and	and	CCONJ
afs-88257	154	12	grieg	grieg	NOUN
afs-88257	154	13	,	,	PUNCT
afs-88257	154	14	covered	cover	VERB
afs-88257	154	15	a	a	DET
afs-88257	154	16	large	large	ADJ
afs-88257	154	17	share	share	NOUN
afs-88257	154	18	of	of	ADP
afs-88257	154	19	short	short	ADJ
afs-88257	154	20	-	-	PUNCT
afs-88257	154	21	term	term	NOUN
afs-88257	154	22	debt	debt	NOUN
afs-88257	154	23	by	by	ADP
afs-88257	154	24	increased	increase	VERB
afs-88257	154	25	balances	balance	NOUN
afs-88257	154	26	of	of	ADP
afs-88257	154	27	current	current	ADJ
afs-88257	154	28	assets	asset	NOUN
afs-88257	154	29	.	.	PUNCT
afs-88257	155	1	the	the	DET
afs-88257	155	2	inclusion	inclusion	NOUN
afs-88257	155	3	of	of	ADP
afs-88257	155	4	a	a	DET
afs-88257	155	5	notable	notable	ADJ
afs-88257	155	6	portion	portion	NOUN
afs-88257	155	7	of	of	ADP
afs-88257	155	8	short	short	ADJ
afs-88257	155	9	-	-	PUNCT
afs-88257	155	10	term	term	NOUN
afs-88257	155	11	items	item	NOUN
afs-88257	155	12	might	might	AUX
afs-88257	155	13	result	result	VERB
afs-88257	155	14	in	in	ADP
afs-88257	155	15	complicating	complicate	VERB
afs-88257	155	16	the	the	DET
afs-88257	155	17	liquidity	liquidity	NOUN
afs-88257	155	18	management	management	NOUN
afs-88257	155	19	and	and	CCONJ
afs-88257	155	20	increase	increase	VERB
afs-88257	155	21	the	the	DET
afs-88257	155	22	risk	risk	NOUN
afs-88257	155	23	of	of	ADP
afs-88257	155	24	distress	distress	NOUN
afs-88257	155	25	in	in	ADP
afs-88257	155	26	these	these	DET
afs-88257	155	27	firms	firm	NOUN
afs-88257	155	28	.	.	PUNCT
afs-88257	156	1	however	however	ADV
afs-88257	156	2	,	,	PUNCT
afs-88257	156	3	an	an	DET
afs-88257	156	4	attempt	attempt	NOUN
afs-88257	156	5	to	to	PART
afs-88257	156	6	match	match	VERB
afs-88257	156	7	the	the	DET
afs-88257	156	8	level	level	NOUN
afs-88257	156	9	of	of	ADP
afs-88257	156	10	current	current	ADJ
afs-88257	156	11	assets	asset	NOUN
afs-88257	156	12	and	and	CCONJ
afs-88257	156	13	current	current	ADJ
afs-88257	156	14	liabilities	liability	NOUN
afs-88257	156	15	gave	give	VERB
afs-88257	156	16	evidence	evidence	NOUN
afs-88257	156	17	of	of	ADP
afs-88257	156	18	the	the	DET
afs-88257	156	19	flexibility	flexibility	NOUN
afs-88257	156	20	of	of	ADP
afs-88257	156	21	strategies	strategy	NOUN
afs-88257	156	22	for	for	ADP
afs-88257	156	23	working	work	VERB
afs-88257	156	24	capital	capital	NOUN
afs-88257	156	25	management	management	NOUN
afs-88257	156	26	in	in	ADP
afs-88257	156	27	food	food	NOUN
afs-88257	156	28	companies	company	NOUN
afs-88257	156	29	from	from	ADP
afs-88257	156	30	northern	northern	PROPN
afs-88257	156	31	europe	europe	PROPN
afs-88257	156	32	.	.	PUNCT
afs-88257	157	1	conclusions	conclusion	NOUN
afs-88257	157	2	the	the	DET
afs-88257	157	3	depth	depth	NOUN
afs-88257	157	4	and	and	CCONJ
afs-88257	157	5	weight	weight	NOUN
afs-88257	157	6	of	of	ADP
afs-88257	157	7	the	the	DET
afs-88257	157	8	problem	problem	NOUN
afs-88257	157	9	of	of	ADP
afs-88257	157	10	working	work	VERB
afs-88257	157	11	capital	capital	NOUN
afs-88257	157	12	management	management	NOUN
afs-88257	157	13	require	require	VERB
afs-88257	157	14	a	a	DET
afs-88257	157	15	detailed	detailed	ADJ
afs-88257	157	16	study	study	NOUN
afs-88257	157	17	of	of	ADP
afs-88257	157	18	the	the	DET
afs-88257	157	19	relationship	relationship	NOUN
afs-88257	157	20	between	between	ADP
afs-88257	157	21	the	the	DET
afs-88257	157	22	level	level	NOUN
afs-88257	157	23	and	and	CCONJ
afs-88257	157	24	structure	structure	NOUN
afs-88257	157	25	of	of	ADP
afs-88257	157	26	current	current	ADJ
afs-88257	157	27	assets	asset	NOUN
afs-88257	157	28	and	and	CCONJ
afs-88257	157	29	current	current	ADJ
afs-88257	157	30	liabilities	liability	NOUN
afs-88257	157	31	that	that	PRON
afs-88257	157	32	have	have	VERB
afs-88257	157	33	a	a	DET
afs-88257	157	34	significant	significant	ADJ
afs-88257	157	35	impact	impact	NOUN
afs-88257	157	36	on	on	ADP
afs-88257	157	37	the	the	DET
afs-88257	157	38	liquidity	liquidity	NOUN
afs-88257	157	39	and	and	CCONJ
afs-88257	157	40	value	value	NOUN
afs-88257	157	41	of	of	ADP
afs-88257	157	42	the	the	DET
afs-88257	157	43	firm	firm	NOUN
afs-88257	157	44	.	.	PUNCT
afs-88257	158	1	the	the	DET
afs-88257	158	2	research	research	NOUN
afs-88257	158	3	focused	focus	VERB
afs-88257	158	4	on	on	ADP
afs-88257	158	5	the	the	DET
afs-88257	158	6	application	application	NOUN
afs-88257	158	7	of	of	ADP
afs-88257	158	8	fuzzy	fuzzy	ADJ
afs-88257	158	9	logic	logic	NOUN
afs-88257	158	10	and	and	CCONJ
afs-88257	158	11	a	a	DET
afs-88257	158	12	synthetic	synthetic	ADJ
afs-88257	158	13	evaluation	evaluation	NOUN
afs-88257	158	14	method	method	NOUN
afs-88257	158	15	to	to	PART
afs-88257	158	16	assess	assess	VERB
afs-88257	158	17	the	the	DET
afs-88257	158	18	working	work	VERB
afs-88257	158	19	capital	capital	NOUN
afs-88257	158	20	management	management	NOUN
afs-88257	158	21	in	in	ADP
afs-88257	158	22	food	food	NOUN
afs-88257	158	23	companies	company	NOUN
afs-88257	158	24	from	from	ADP
afs-88257	158	25	northern	northern	PROPN
afs-88257	158	26	europe	europe	PROPN
afs-88257	158	27	.	.	PUNCT
afs-88257	159	1	the	the	DET
afs-88257	159	2	use	use	NOUN
afs-88257	159	3	of	of	ADP
afs-88257	159	4	the	the	DET
afs-88257	159	5	complex	complex	ADJ
afs-88257	159	6	indicator	indicator	NOUN
afs-88257	159	7	as	as	ADP
afs-88257	159	8	an	an	DET
afs-88257	159	9	evaluation	evaluation	NOUN
afs-88257	159	10	criterion	criterion	NOUN
afs-88257	159	11	helped	help	VERB
afs-88257	159	12	to	to	PART
afs-88257	159	13	identify	identify	VERB
afs-88257	159	14	four	four	NUM
afs-88257	159	15	types	type	NOUN
afs-88257	159	16	of	of	ADP
afs-88257	159	17	strategies	strategy	NOUN
afs-88257	159	18	for	for	ADP
afs-88257	159	19	working	work	VERB
afs-88257	159	20	capital	capital	NOUN
afs-88257	159	21	management	management	NOUN
afs-88257	159	22	and	and	CCONJ
afs-88257	159	23	characterize	characterize	VERB
afs-88257	159	24	them	they	PRON
afs-88257	159	25	in	in	ADP
afs-88257	159	26	terms	term	NOUN
afs-88257	159	27	of	of	ADP
afs-88257	159	28	risk	risk	NOUN
afs-88257	159	29	and	and	CCONJ
afs-88257	159	30	return	return	VERB
afs-88257	159	31	preferences	preference	NOUN
afs-88257	159	32	.	.	PUNCT
afs-88257	160	1	growth	growth	NOUN
afs-88257	160	2	in	in	ADP
afs-88257	160	3	the	the	DET
afs-88257	160	4	value	value	NOUN
afs-88257	160	5	of	of	ADP
afs-88257	160	6	the	the	DET
afs-88257	160	7	complex	complex	ADJ
afs-88257	160	8	indicator	indicator	NOUN
afs-88257	160	9	illustrated	illustrate	VERB
afs-88257	160	10	diminishing	diminishing	NOUN
afs-88257	160	11	liquidity	liquidity	NOUN
afs-88257	160	12	risk	risk	NOUN
afs-88257	160	13	and	and	CCONJ
afs-88257	160	14	return	return	VERB
afs-88257	160	15	and	and	CCONJ
afs-88257	160	16	referred	refer	VERB
afs-88257	160	17	to	to	ADP
afs-88257	160	18	a	a	DET
afs-88257	160	19	conservative	conservative	ADJ
afs-88257	160	20	strategy	strategy	NOUN
afs-88257	160	21	for	for	ADP
afs-88257	160	22	working	work	VERB
afs-88257	160	23	capital	capital	NOUN
afs-88257	160	24	management	management	NOUN
afs-88257	160	25	.	.	PUNCT
afs-88257	161	1	companies	company	NOUN
afs-88257	161	2	applying	apply	VERB
afs-88257	161	3	this	this	DET
afs-88257	161	4	strategy	strategy	NOUN
afs-88257	161	5	increased	increase	VERB
afs-88257	161	6	the	the	DET
afs-88257	161	7	amount	amount	NOUN
afs-88257	161	8	of	of	ADP
afs-88257	161	9	current	current	ADJ
afs-88257	161	10	and	and	CCONJ
afs-88257	161	11	most	most	ADJ
afs-88257	161	12	liquid	liquid	ADJ
afs-88257	161	13	assets	asset	NOUN
afs-88257	161	14	and	and	CCONJ
afs-88257	161	15	cut	cut	VERB
afs-88257	161	16	current	current	ADJ
afs-88257	161	17	liabilities	liability	NOUN
afs-88257	161	18	to	to	PART
afs-88257	161	19	maximize	maximize	VERB
afs-88257	161	20	liquidity	liquidity	NOUN
afs-88257	161	21	.	.	PUNCT
afs-88257	162	1	however	however	ADV
afs-88257	162	2	,	,	PUNCT
afs-88257	162	3	such	such	ADJ
afs-88257	162	4	behavior	behavior	NOUN
afs-88257	162	5	could	could	AUX
afs-88257	162	6	lead	lead	VERB
afs-88257	162	7	to	to	ADP
afs-88257	162	8	adverse	adverse	ADJ
afs-88257	162	9	effects	effect	NOUN
afs-88257	162	10	deriving	derive	VERB
afs-88257	162	11	from	from	ADP
afs-88257	162	12	the	the	DET
afs-88257	162	13	drop	drop	NOUN
afs-88257	162	14	in	in	ADP
afs-88257	162	15	cash	cash	NOUN
afs-88257	162	16	flow	flow	NOUN
afs-88257	162	17	and	and	CCONJ
afs-88257	162	18	the	the	DET
afs-88257	162	19	rise	rise	NOUN
afs-88257	162	20	in	in	ADP
afs-88257	162	21	the	the	DET
afs-88257	162	22	cost	cost	NOUN
afs-88257	162	23	of	of	ADP
afs-88257	162	24	financing	financing	NOUN
afs-88257	162	25	.	.	PUNCT
afs-88257	163	1	conversely	conversely	ADV
afs-88257	163	2	,	,	PUNCT
afs-88257	163	3	aggressive	aggressive	ADJ
afs-88257	163	4	strategy	strategy	NOUN
afs-88257	163	5	implied	imply	VERB
afs-88257	163	6	low	low	ADJ
afs-88257	163	7	complex	complex	ADJ
afs-88257	163	8	indicators	indicator	NOUN
afs-88257	163	9	that	that	PRON
afs-88257	163	10	pointed	point	VERB
afs-88257	163	11	to	to	ADP
afs-88257	163	12	a	a	DET
afs-88257	163	13	value	value	NOUN
afs-88257	163	14	orientation	orientation	NOUN
afs-88257	163	15	in	in	ADP
afs-88257	163	16	the	the	DET
afs-88257	163	17	short	short	ADJ
afs-88257	163	18	-	-	PUNCT
afs-88257	163	19	term	term	NOUN
afs-88257	163	20	financial	financial	ADJ
afs-88257	163	21	management	management	NOUN
afs-88257	163	22	of	of	ADP
afs-88257	163	23	a	a	DET
afs-88257	163	24	firm	firm	NOUN
afs-88257	163	25	.	.	PUNCT
afs-88257	164	1	companies	company	NOUN
afs-88257	164	2	with	with	ADP
afs-88257	164	3	this	this	DET
afs-88257	164	4	type	type	NOUN
afs-88257	164	5	of	of	ADP
afs-88257	164	6	strategy	strategy	NOUN
afs-88257	164	7	expanded	expand	VERB
afs-88257	164	8	current	current	ADJ
afs-88257	164	9	liabilities	liability	NOUN
afs-88257	164	10	and	and	CCONJ
afs-88257	164	11	limited	limited	ADJ
afs-88257	164	12	liquid	liquid	ADJ
afs-88257	164	13	assets	asset	NOUN
afs-88257	164	14	to	to	PART
afs-88257	164	15	maximize	maximize	VERB
afs-88257	164	16	the	the	DET
afs-88257	164	17	return	return	NOUN
afs-88257	164	18	for	for	ADP
afs-88257	164	19	shareholders	shareholder	NOUN
afs-88257	164	20	.	.	PUNCT
afs-88257	165	1	however	however	ADV
afs-88257	165	2	,	,	PUNCT
afs-88257	165	3	despite	despite	SCONJ
afs-88257	165	4	short	short	ADJ
afs-88257	165	5	-	-	PUNCT
afs-88257	165	6	term	term	NOUN
afs-88257	165	7	benefits	benefit	NOUN
afs-88257	165	8	,	,	PUNCT
afs-88257	165	9	aggressive	aggressive	ADJ
afs-88257	165	10	strategy	strategy	NOUN
afs-88257	165	11	could	could	AUX
afs-88257	165	12	lead	lead	VERB
afs-88257	165	13	to	to	ADP
afs-88257	165	14	a	a	DET
afs-88257	165	15	significant	significant	ADJ
afs-88257	165	16	rise	rise	NOUN
afs-88257	165	17	in	in	ADP
afs-88257	165	18	financial	financial	ADJ
afs-88257	165	19	risk	risk	NOUN
afs-88257	165	20	and	and	CCONJ
afs-88257	165	21	result	result	VERB
afs-88257	165	22	in	in	ADP
afs-88257	165	23	the	the	DET
afs-88257	165	24	loss	loss	NOUN
afs-88257	165	25	of	of	ADP
afs-88257	165	26	a	a	DET
afs-88257	165	27	firm	firm	NOUN
afs-88257	165	28	’s	’s	PART
afs-88257	165	29	value	value	NOUN
afs-88257	165	30	in	in	ADP
afs-88257	165	31	the	the	DET
afs-88257	165	32	long	long	ADJ
afs-88257	165	33	-	-	PUNCT
afs-88257	165	34	term	term	NOUN
afs-88257	165	35	.	.	PUNCT
afs-88257	166	1	considering	consider	VERB
afs-88257	166	2	these	these	DET
afs-88257	166	3	arguments	argument	NOUN
afs-88257	166	4	,	,	PUNCT
afs-88257	166	5	only	only	ADV
afs-88257	166	6	a	a	DET
afs-88257	166	7	few	few	ADJ
afs-88257	166	8	companies	company	NOUN
afs-88257	166	9	from	from	ADP
afs-88257	166	10	the	the	DET
afs-88257	166	11	sample	sample	NOUN
afs-88257	166	12	demonstrated	demonstrate	VERB
afs-88257	166	13	a	a	DET
afs-88257	166	14	clear	clear	ADJ
afs-88257	166	15	orientation	orientation	NOUN
afs-88257	166	16	on	on	ADP
afs-88257	166	17	liquidity	liquidity	NOUN
afs-88257	166	18	or	or	CCONJ
afs-88257	166	19	value	value	NOUN
afs-88257	166	20	within	within	ADP
afs-88257	166	21	their	their	PRON
afs-88257	166	22	strategies	strategy	NOUN
afs-88257	166	23	for	for	ADP
afs-88257	166	24	working	work	VERB
afs-88257	166	25	capital	capital	NOUN
afs-88257	166	26	management	management	NOUN
afs-88257	166	27	.	.	PUNCT
afs-88257	167	1	it	it	PRON
afs-88257	167	2	was	be	AUX
afs-88257	167	3	noticed	notice	VERB
afs-88257	167	4	that	that	SCONJ
afs-88257	167	5	managers	manager	NOUN
afs-88257	167	6	preferred	prefer	VERB
afs-88257	167	7	to	to	PART
afs-88257	167	8	use	use	VERB
afs-88257	167	9	moderate	moderate	ADJ
afs-88257	167	10	strategies	strategy	NOUN
afs-88257	167	11	for	for	ADP
afs-88257	167	12	working	work	VERB
afs-88257	167	13	capital	capital	NOUN
afs-88257	167	14	that	that	PRON
afs-88257	167	15	implied	imply	VERB
afs-88257	167	16	diverse	diverse	ADJ
afs-88257	167	17	relationships	relationship	NOUN
afs-88257	167	18	among	among	ADP
afs-88257	167	19	components	component	NOUN
afs-88257	167	20	of	of	ADP
afs-88257	167	21	short	short	ADJ
afs-88257	167	22	-	-	PUNCT
afs-88257	167	23	term	term	NOUN
afs-88257	167	24	assets	asset	NOUN
afs-88257	167	25	and	and	CCONJ
afs-88257	167	26	liabilities	liability	NOUN
afs-88257	167	27	.	.	PUNCT
afs-88257	168	1	for	for	ADP
afs-88257	168	2	example	example	NOUN
afs-88257	168	3	,	,	PUNCT
afs-88257	168	4	standard	standard	ADJ
afs-88257	168	5	practices	practice	NOUN
afs-88257	168	6	in	in	ADP
afs-88257	168	7	the	the	DET
afs-88257	168	8	companies	company	NOUN
afs-88257	168	9	from	from	ADP
afs-88257	168	10	the	the	DET
afs-88257	168	11	sample	sample	NOUN
afs-88257	168	12	included	include	VERB
afs-88257	168	13	matching	match	VERB
afs-88257	168	14	the	the	DET
afs-88257	168	15	level	level	NOUN
afs-88257	168	16	and	and	CCONJ
afs-88257	168	17	structure	structure	NOUN
afs-88257	168	18	of	of	ADP
afs-88257	168	19	current	current	ADJ
afs-88257	168	20	assets	asset	NOUN
afs-88257	168	21	with	with	ADP
afs-88257	168	22	liabilities	liability	NOUN
afs-88257	168	23	by	by	ADP
afs-88257	168	24	maximizing	maximize	VERB
afs-88257	168	25	cash	cash	NOUN
afs-88257	168	26	balances	balance	NOUN
afs-88257	168	27	to	to	PART
afs-88257	168	28	offset	offset	VERB
afs-88257	168	29	the	the	DET
afs-88257	168	30	negative	negative	ADJ
afs-88257	168	31	impact	impact	NOUN
afs-88257	168	32	of	of	ADP
afs-88257	168	33	increasing	increase	VERB
afs-88257	168	34	short	short	ADJ
afs-88257	168	35	-	-	PUNCT
afs-88257	168	36	term	term	NOUN
afs-88257	168	37	debt	debt	NOUN
afs-88257	168	38	.	.	PUNCT
afs-88257	169	1	another	another	DET
afs-88257	169	2	method	method	NOUN
afs-88257	169	3	for	for	ADP
afs-88257	169	4	working	work	VERB
afs-88257	169	5	capital	capital	NOUN
afs-88257	169	6	management	management	NOUN
afs-88257	169	7	was	be	AUX
afs-88257	169	8	decreasing	decrease	VERB
afs-88257	169	9	the	the	DET
afs-88257	169	10	inventory	inventory	NOUN
afs-88257	169	11	and	and	CCONJ
afs-88257	169	12	current	current	ADJ
afs-88257	169	13	liabilities	liability	NOUN
afs-88257	169	14	to	to	PART
afs-88257	169	15	reduce	reduce	VERB
afs-88257	169	16	the	the	DET
afs-88257	169	17	cost	cost	NOUN
afs-88257	169	18	of	of	ADP
afs-88257	169	19	operations	operation	NOUN
afs-88257	169	20	and	and	CCONJ
afs-88257	169	21	increase	increase	VERB
afs-88257	169	22	the	the	DET
afs-88257	169	23	liquidity	liquidity	NOUN
afs-88257	169	24	of	of	ADP
afs-88257	169	25	assets	asset	NOUN
afs-88257	169	26	.	.	PUNCT
afs-88257	170	1	as	as	ADP
afs-88257	170	2	a	a	DET
afs-88257	170	3	result	result	NOUN
afs-88257	170	4	,	,	PUNCT
afs-88257	170	5	this	this	PRON
afs-88257	170	6	helped	help	VERB
afs-88257	170	7	to	to	PART
afs-88257	170	8	enforce	enforce	VERB
afs-88257	170	9	a	a	DET
afs-88257	170	10	balance	balance	NOUN
afs-88257	170	11	between	between	ADP
afs-88257	170	12	liquidity	liquidity	NOUN
afs-88257	170	13	and	and	CCONJ
afs-88257	170	14	value	value	NOUN
afs-88257	170	15	and	and	CCONJ
afs-88257	170	16	improved	improve	VERB
afs-88257	170	17	the	the	DET
afs-88257	170	18	risk	risk	NOUN
afs-88257	170	19	-	-	PUNCT
afs-88257	170	20	return	return	NOUN
afs-88257	170	21	relationship	relationship	NOUN
afs-88257	170	22	in	in	ADP
afs-88257	170	23	the	the	DET
afs-88257	170	24	firms	firm	NOUN
afs-88257	170	25	.	.	PUNCT
afs-88257	171	1	therefore	therefore	ADV
afs-88257	171	2	,	,	PUNCT
afs-88257	171	3	the	the	DET
afs-88257	171	4	application	application	NOUN
afs-88257	171	5	of	of	ADP
afs-88257	171	6	various	various	ADJ
afs-88257	171	7	strategies	strategy	NOUN
afs-88257	171	8	for	for	ADP
afs-88257	171	9	working	work	VERB
afs-88257	171	10	capital	capital	NOUN
afs-88257	171	11	management	management	NOUN
afs-88257	171	12	mitigated	mitigate	VERB
afs-88257	171	13	the	the	DET
afs-88257	171	14	fluctuations	fluctuation	NOUN
afs-88257	171	15	of	of	ADP
afs-88257	171	16	liquidity	liquidity	NOUN
afs-88257	171	17	and	and	CCONJ
afs-88257	171	18	decreased	decrease	VERB
afs-88257	171	19	the	the	DET
afs-88257	171	20	financial	financial	ADJ
afs-88257	171	21	risk	risk	NOUN
afs-88257	171	22	in	in	ADP
afs-88257	171	23	food	food	NOUN
afs-88257	171	24	companies	company	NOUN
afs-88257	171	25	from	from	ADP
afs-88257	171	26	northern	northern	PROPN
afs-88257	171	27	europe	europe	PROPN
afs-88257	171	28	in	in	ADP
afs-88257	171	29	2005–2015	2005–2015	NUM
afs-88257	171	30	.	.	PUNCT
afs-88257	172	1	in	in	ADP
afs-88257	172	2	the	the	DET
afs-88257	172	3	concluding	concluding	NOUN
afs-88257	172	4	remark	remark	NOUN
afs-88257	172	5	,	,	PUNCT
afs-88257	172	6	it	it	PRON
afs-88257	172	7	should	should	AUX
afs-88257	172	8	be	be	AUX
afs-88257	172	9	mentioned	mention	VERB
afs-88257	172	10	that	that	SCONJ
afs-88257	172	11	the	the	DET
afs-88257	172	12	limitations	limitation	NOUN
afs-88257	172	13	of	of	ADP
afs-88257	172	14	the	the	DET
afs-88257	172	15	current	current	ADJ
afs-88257	172	16	study	study	NOUN
afs-88257	172	17	justify	justify	VERB
afs-88257	172	18	some	some	DET
afs-88257	172	19	critical	critical	ADJ
afs-88257	172	20	comments	comment	NOUN
afs-88257	172	21	for	for	ADP
afs-88257	172	22	future	future	ADJ
afs-88257	172	23	research	research	NOUN
afs-88257	172	24	.	.	PUNCT
afs-88257	173	1	the	the	DET
afs-88257	173	2	problem	problem	NOUN
afs-88257	173	3	of	of	ADP
afs-88257	173	4	causality	causality	NOUN
afs-88257	173	5	remains	remain	VERB
afs-88257	173	6	a	a	DET
afs-88257	173	7	challenge	challenge	NOUN
afs-88257	173	8	in	in	ADP
afs-88257	173	9	empirical	empirical	ADJ
afs-88257	173	10	studies	study	NOUN
afs-88257	173	11	on	on	ADP
afs-88257	173	12	business	business	NOUN
afs-88257	173	13	economics	economic	NOUN
afs-88257	173	14	and	and	CCONJ
afs-88257	173	15	corporate	corporate	ADJ
afs-88257	173	16	finance	finance	NOUN
afs-88257	173	17	in	in	ADP
afs-88257	173	18	particular	particular	ADJ
afs-88257	173	19	.	.	PUNCT
afs-88257	174	1	understanding	understand	VERB
afs-88257	174	2	whether	whether	SCONJ
afs-88257	174	3	the	the	DET
afs-88257	174	4	strategy	strategy	NOUN
afs-88257	174	5	is	be	AUX
afs-88257	174	6	forced	force	VERB
afs-88257	174	7	by	by	ADP
afs-88257	174	8	the	the	DET
afs-88257	174	9	environment	environment	NOUN
afs-88257	174	10	(	(	PUNCT
afs-88257	174	11	for	for	ADP
afs-88257	174	12	example	example	NOUN
afs-88257	174	13	,	,	PUNCT
afs-88257	174	14	a	a	DET
afs-88257	174	15	stage	stage	NOUN
afs-88257	174	16	of	of	ADP
afs-88257	174	17	a	a	DET
afs-88257	174	18	business	business	NOUN
afs-88257	174	19	cycle	cycle	NOUN
afs-88257	174	20	)	)	PUNCT
afs-88257	174	21	or	or	CCONJ
afs-88257	174	22	arises	arise	VERB
afs-88257	174	23	solely	solely	ADV
afs-88257	174	24	from	from	ADP
afs-88257	174	25	managerial	managerial	ADJ
afs-88257	174	26	decisions	decision	NOUN
afs-88257	174	27	,	,	PUNCT
afs-88257	174	28	requires	require	VERB
afs-88257	174	29	a	a	DET
afs-88257	174	30	bunch	bunch	NOUN
afs-88257	174	31	of	of	ADP
afs-88257	174	32	detailed	detailed	ADJ
afs-88257	174	33	information	information	NOUN
afs-88257	174	34	on	on	ADP
afs-88257	174	35	a	a	DET
afs-88257	174	36	business	business	NOUN
afs-88257	174	37	entity	entity	NOUN
afs-88257	174	38	.	.	PUNCT
afs-88257	175	1	from	from	ADP
afs-88257	175	2	a	a	DET
afs-88257	175	3	researcher	researcher	NOUN
afs-88257	175	4	’s	’s	PART
afs-88257	175	5	point	point	NOUN
afs-88257	175	6	of	of	ADP
afs-88257	175	7	view	view	NOUN
afs-88257	175	8	,	,	PUNCT
afs-88257	175	9	this	this	DET
afs-88257	175	10	critical	critical	ADJ
afs-88257	175	11	issue	issue	NOUN
afs-88257	175	12	can	can	AUX
afs-88257	175	13	be	be	AUX
afs-88257	175	14	attempted	attempt	VERB
afs-88257	175	15	to	to	PART
afs-88257	175	16	solve	solve	VERB
afs-88257	175	17	by	by	ADP
afs-88257	175	18	the	the	DET
afs-88257	175	19	application	application	NOUN
afs-88257	175	20	of	of	ADP
afs-88257	175	21	additional	additional	ADJ
afs-88257	175	22	instruments	instrument	NOUN
afs-88257	175	23	,	,	PUNCT
afs-88257	175	24	such	such	ADJ
afs-88257	175	25	as	as	ADP
afs-88257	175	26	surveys	survey	NOUN
afs-88257	175	27	with	with	ADP
afs-88257	175	28	a	a	DET
afs-88257	175	29	set	set	NOUN
afs-88257	175	30	of	of	ADP
afs-88257	175	31	specific	specific	ADJ
afs-88257	175	32	questions	question	NOUN
afs-88257	175	33	addressed	address	VERB
afs-88257	175	34	to	to	ADP
afs-88257	175	35	inside	inside	ADJ
afs-88257	175	36	stakeholders	stakeholder	NOUN
afs-88257	175	37	.	.	PUNCT
afs-88257	176	1	however	however	ADV
afs-88257	176	2	,	,	PUNCT
afs-88257	176	3	empirical	empirical	ADJ
afs-88257	176	4	testing	testing	NOUN
afs-88257	176	5	suggests	suggest	VERB
afs-88257	176	6	that	that	SCONJ
afs-88257	176	7	managerial	managerial	ADJ
afs-88257	176	8	response	response	NOUN
afs-88257	176	9	tends	tend	VERB
afs-88257	176	10	to	to	PART
afs-88257	176	11	be	be	AUX
afs-88257	176	12	subjective	subjective	ADJ
afs-88257	176	13	due	due	ADJ
afs-88257	176	14	to	to	ADP
afs-88257	176	15	wellknown	wellknown	ADJ
afs-88257	176	16	behavioral	behavioral	ADJ
afs-88257	176	17	factors	factor	NOUN
afs-88257	176	18	and	and	CCONJ
afs-88257	176	19	conflicts	conflict	NOUN
afs-88257	176	20	of	of	ADP
afs-88257	176	21	interest	interest	NOUN
afs-88257	176	22	among	among	ADP
afs-88257	176	23	various	various	ADJ
afs-88257	176	24	groups	group	NOUN
afs-88257	176	25	of	of	ADP
afs-88257	176	26	stakeholders	stakeholder	NOUN
afs-88257	176	27	.	.	PUNCT
afs-88257	177	1	in	in	ADP
afs-88257	177	2	this	this	DET
afs-88257	177	3	case	case	NOUN
afs-88257	177	4	,	,	PUNCT
afs-88257	177	5	the	the	DET
afs-88257	177	6	application	application	NOUN
afs-88257	177	7	of	of	ADP
afs-88257	177	8	control	control	NOUN
afs-88257	177	9	variables	variable	NOUN
afs-88257	177	10	,	,	PUNCT
afs-88257	177	11	such	such	ADJ
afs-88257	177	12	as	as	ADP
afs-88257	177	13	size	size	NOUN
afs-88257	177	14	,	,	PUNCT
afs-88257	177	15	growth	growth	NOUN
afs-88257	177	16	rate	rate	NOUN
afs-88257	177	17	,	,	PUNCT
afs-88257	177	18	market	market	NOUN
afs-88257	177	19	strength	strength	NOUN
afs-88257	177	20	,	,	PUNCT
afs-88257	177	21	or	or	CCONJ
afs-88257	177	22	a	a	DET
afs-88257	177	23	geographical	geographical	ADJ
afs-88257	177	24	region	region	NOUN
afs-88257	177	25	of	of	ADP
afs-88257	177	26	a	a	DET
afs-88257	177	27	business	business	NOUN
afs-88257	177	28	entity	entity	NOUN
afs-88257	177	29	,	,	PUNCT
afs-88257	177	30	might	might	AUX
afs-88257	177	31	support	support	VERB
afs-88257	177	32	the	the	DET
afs-88257	177	33	findings	finding	NOUN
afs-88257	177	34	of	of	ADP
afs-88257	177	35	the	the	DET
afs-88257	177	36	empirical	empirical	ADJ
afs-88257	177	37	research	research	NOUN
afs-88257	177	38	.	.	PUNCT
afs-88257	178	1	in	in	ADP
afs-88257	178	2	the	the	DET
afs-88257	178	3	current	current	ADJ
afs-88257	178	4	study	study	NOUN
afs-88257	178	5	,	,	PUNCT
afs-88257	178	6	the	the	DET
afs-88257	178	7	size	size	NOUN
afs-88257	178	8	and	and	CCONJ
afs-88257	178	9	specificity	specificity	NOUN
afs-88257	178	10	of	of	ADP
afs-88257	178	11	the	the	DET
afs-88257	178	12	sample	sample	NOUN
afs-88257	178	13	of	of	ADP
afs-88257	178	14	food	food	NOUN
afs-88257	178	15	companies	company	NOUN
afs-88257	178	16	make	make	VERB
afs-88257	178	17	it	it	PRON
afs-88257	178	18	challenging	challenge	VERB
afs-88257	178	19	to	to	AUX
afs-88257	178	20	statistically	statistically	ADV
afs-88257	178	21	control	control	VERB
afs-88257	178	22	for	for	ADP
afs-88257	178	23	relationships	relationship	NOUN
afs-88257	178	24	between	between	ADP
afs-88257	178	25	working	work	VERB
afs-88257	178	26	capital	capital	NOUN
afs-88257	178	27	and	and	CCONJ
afs-88257	178	28	selected	select	VERB
afs-88257	178	29	other	other	ADJ
afs-88257	178	30	factors	factor	NOUN
afs-88257	178	31	.	.	PUNCT
afs-88257	179	1	in	in	ADP
afs-88257	179	2	this	this	DET
afs-88257	179	3	context	context	NOUN
afs-88257	179	4	,	,	PUNCT
afs-88257	179	5	it	it	PRON
afs-88257	179	6	should	should	AUX
afs-88257	179	7	be	be	AUX
afs-88257	179	8	mentioned	mention	VERB
afs-88257	179	9	that	that	SCONJ
afs-88257	179	10	the	the	DET
afs-88257	179	11	foremost	foremost	ADJ
afs-88257	179	12	intention	intention	NOUN
afs-88257	179	13	of	of	ADP
afs-88257	179	14	the	the	DET
afs-88257	179	15	research	research	NOUN
afs-88257	179	16	was	be	AUX
afs-88257	179	17	to	to	PART
afs-88257	179	18	indicate	indicate	VERB
afs-88257	179	19	the	the	DET
afs-88257	179	20	complexity	complexity	NOUN
afs-88257	179	21	of	of	ADP
afs-88257	179	22	the	the	DET
afs-88257	179	23	problem	problem	NOUN
afs-88257	179	24	and	and	CCONJ
afs-88257	179	25	give	give	VERB
afs-88257	179	26	managers	manager	NOUN
afs-88257	179	27	the	the	DET
afs-88257	179	28	instrument	instrument	NOUN
afs-88257	179	29	to	to	PART
afs-88257	179	30	assess	assess	VERB
afs-88257	179	31	and	and	CCONJ
afs-88257	179	32	modify	modify	VERB
afs-88257	179	33	their	their	PRON
afs-88257	179	34	strategies	strategy	NOUN
afs-88257	179	35	considering	consider	VERB
afs-88257	179	36	different	different	ADJ
afs-88257	179	37	combinations	combination	NOUN
afs-88257	179	38	of	of	ADP
afs-88257	179	39	factors	factor	NOUN
afs-88257	179	40	,	,	PUNCT
afs-88257	179	41	and	and	CCONJ
afs-88257	179	42	different	different	ADJ
afs-88257	179	43	evaluation	evaluation	NOUN
afs-88257	179	44	criteria	criterion	NOUN
afs-88257	179	45	/	/	SYM
afs-88257	179	46	benchmarks	benchmark	NOUN
afs-88257	179	47	.	.	PUNCT
afs-88257	180	1	furthermore	furthermore	ADV
afs-88257	180	2	,	,	PUNCT
afs-88257	180	3	defending	defend	VERB
afs-88257	180	4	the	the	DET
afs-88257	180	5	empirical	empirical	ADJ
afs-88257	180	6	findings	finding	NOUN
afs-88257	180	7	,	,	PUNCT
afs-88257	180	8	it	it	PRON
afs-88257	180	9	should	should	AUX
afs-88257	180	10	be	be	AUX
afs-88257	180	11	admitted	admit	VERB
afs-88257	180	12	that	that	SCONJ
afs-88257	180	13	financial	financial	ADJ
afs-88257	180	14	ratios	ratio	NOUN
afs-88257	180	15	used	use	VERB
afs-88257	180	16	in	in	ADP
afs-88257	180	17	the	the	DET
afs-88257	180	18	current	current	ADJ
afs-88257	180	19	approach	approach	NOUN
afs-88257	180	20	could	could	AUX
afs-88257	180	21	be	be	AUX
afs-88257	180	22	partially	partially	ADV
afs-88257	180	23	explained	explain	VERB
afs-88257	180	24	by	by	ADP
afs-88257	180	25	some	some	DET
afs-88257	180	26	exogenous	exogenous	ADJ
afs-88257	180	27	factors	factor	NOUN
afs-88257	180	28	not	not	PART
afs-88257	180	29	directly	directly	ADV
afs-88257	180	30	included	include	VERB
afs-88257	180	31	in	in	ADP
afs-88257	180	32	the	the	DET
afs-88257	180	33	analysis	analysis	NOUN
afs-88257	180	34	.	.	PUNCT
afs-88257	181	1	for	for	ADP
afs-88257	181	2	example	example	NOUN
afs-88257	181	3	,	,	PUNCT
afs-88257	181	4	higher	high	ADJ
afs-88257	181	5	inventory	inventory	NOUN
afs-88257	181	6	on	on	ADP
afs-88257	181	7	the	the	DET
afs-88257	181	8	balance	balance	NOUN
afs-88257	181	9	sheet	sheet	NOUN
afs-88257	181	10	could	could	AUX
afs-88257	181	11	indicate	indicate	VERB
afs-88257	181	12	shortages	shortage	NOUN
afs-88257	181	13	on	on	ADP
afs-88257	181	14	the	the	DET
afs-88257	181	15	demand	demand	NOUN
afs-88257	181	16	side	side	NOUN
afs-88257	181	17	,	,	PUNCT
afs-88257	181	18	extended	extended	ADJ
afs-88257	181	19	receivables	receivables	NOUN
afs-88257	181	20	and	and	CCONJ
afs-88257	181	21	cash	cash	NOUN
afs-88257	181	22	balance	balance	NOUN
afs-88257	181	23	would	would	AUX
afs-88257	181	24	signal	signal	VERB
afs-88257	181	25	the	the	DET
afs-88257	181	26	increasing	increase	VERB
afs-88257	181	27	business	business	NOUN
afs-88257	181	28	activity	activity	NOUN
afs-88257	181	29	,	,	PUNCT
afs-88257	181	30	while	while	SCONJ
afs-88257	181	31	a	a	DET
afs-88257	181	32	sharp	sharp	ADJ
afs-88257	181	33	rise	rise	NOUN
afs-88257	181	34	in	in	ADP
afs-88257	181	35	liabilities	liability	NOUN
afs-88257	181	36	probably	probably	ADV
afs-88257	181	37	demonstrate	demonstrate	VERB
afs-88257	181	38	the	the	DET
afs-88257	181	39	financial	financial	ADJ
afs-88257	181	40	turbulences	turbulence	NOUN
afs-88257	181	41	.	.	PUNCT
afs-88257	182	1	the	the	DET
afs-88257	182	2	authors	author	NOUN
afs-88257	182	3	will	will	AUX
afs-88257	182	4	put	put	VERB
afs-88257	182	5	further	further	ADJ
afs-88257	182	6	efforts	effort	NOUN
afs-88257	182	7	to	to	PART
afs-88257	182	8	overcome	overcome	VERB
afs-88257	182	9	the	the	DET
afs-88257	182	10	mentioned	mention	VERB
afs-88257	182	11	problem	problem	NOUN
afs-88257	182	12	in	in	ADP
afs-88257	182	13	future	future	ADJ
afs-88257	182	14	research	research	NOUN
afs-88257	182	15	by	by	ADP
afs-88257	182	16	enlarging	enlarge	VERB
afs-88257	182	17	the	the	DET
afs-88257	182	18	sample	sample	NOUN
afs-88257	182	19	both	both	CCONJ
afs-88257	182	20	in	in	ADP
afs-88257	182	21	size	size	NOUN
afs-88257	182	22	and	and	CCONJ
afs-88257	182	23	geographic	geographic	ADJ
afs-88257	182	24	representation	representation	NOUN
afs-88257	182	25	and	and	CCONJ
afs-88257	182	26	dividing	divide	VERB
afs-88257	182	27	it	it	PRON
afs-88257	182	28	into	into	ADP
afs-88257	182	29	subsections	subsection	NOUN
afs-88257	182	30	,	,	PUNCT
afs-88257	182	31	as	as	ADV
afs-88257	182	32	well	well	ADV
afs-88257	182	33	as	as	ADP
afs-88257	182	34	conducting	conduct	VERB
afs-88257	182	35	case	case	NOUN
afs-88257	182	36	studies	study	NOUN
afs-88257	182	37	on	on	ADP
afs-88257	182	38	a	a	DET
afs-88257	182	39	firm	firm	ADJ
afs-88257	182	40	-	-	PUNCT
afs-88257	182	41	level	level	NOUN
afs-88257	182	42	that	that	PRON
afs-88257	182	43	would	would	AUX
afs-88257	182	44	help	help	VERB
afs-88257	182	45	to	to	PART
afs-88257	182	46	control	control	VERB
afs-88257	182	47	the	the	DET
afs-88257	182	48	specificity	specificity	NOUN
afs-88257	182	49	of	of	ADP
afs-88257	182	50	business	business	NOUN
afs-88257	182	51	models	model	NOUN
afs-88257	182	52	and	and	CCONJ
afs-88257	182	53	their	their	PRON
afs-88257	182	54	environment	environment	NOUN
afs-88257	182	55	.	.	PUNCT
afs-88257	183	1	agricultural	agricultural	ADJ
afs-88257	183	2	and	and	CCONJ
afs-88257	183	3	food	food	NOUN
afs-88257	183	4	science	science	NOUN
afs-88257	183	5	s.	s.	PROPN
afs-88257	183	6	zabolotnyy	zabolotnyy	PROPN
afs-88257	183	7	&	&	CCONJ
afs-88257	183	8	t.	t.	PROPN
afs-88257	183	9	sipiläinen	sipiläinen	PROPN
afs-88257	183	10	(	(	PUNCT
afs-88257	183	11	2020	2020	NUM
afs-88257	183	12	)	)	PUNCT
afs-88257	183	13	29	29	NUM
afs-88257	183	14	:	:	PUNCT
afs-88257	183	15	239–249	239–249	NUM
afs-88257	183	16	249	249	NUM
afs-88257	183	17	acknowledgments	acknowledgment	NOUN
afs-88257	183	18	we	we	PRON
afs-88257	183	19	thank	thank	VERB
afs-88257	183	20	the	the	DET
afs-88257	183	21	anonymous	anonymous	ADJ
afs-88257	183	22	reviewers	reviewer	NOUN
afs-88257	183	23	of	of	ADP
afs-88257	183	24	the	the	DET
afs-88257	183	25	paper	paper	NOUN
afs-88257	183	26	for	for	ADP
afs-88257	183	27	their	their	PRON
afs-88257	183	28	valuable	valuable	ADJ
afs-88257	183	29	comments	comment	NOUN
afs-88257	183	30	.	.	PUNCT
afs-88257	184	1	any	any	DET
afs-88257	184	2	errors	error	NOUN
afs-88257	184	3	in	in	ADP
afs-88257	184	4	the	the	DET
afs-88257	184	5	text	text	NOUN
afs-88257	184	6	are	be	AUX
afs-88257	184	7	the	the	DET
afs-88257	184	8	responsibility	responsibility	NOUN
afs-88257	184	9	of	of	ADP
afs-88257	184	10	the	the	DET
afs-88257	184	11	authors	author	NOUN
afs-88257	184	12	.	.	PUNCT
afs-88257	185	1	the	the	DET
afs-88257	185	2	research	research	NOUN
afs-88257	185	3	was	be	AUX
afs-88257	185	4	financed	finance	VERB
afs-88257	185	5	from	from	ADP
afs-88257	185	6	internal	internal	ADJ
afs-88257	185	7	sources	source	NOUN
afs-88257	185	8	of	of	ADP
afs-88257	185	9	the	the	DET
afs-88257	185	10	affiliated	affiliated	ADJ
afs-88257	185	11	institutions	institution	NOUN
afs-88257	185	12	.	.	PUNCT
afs-88257	186	1	references	reference	NOUN
afs-88257	186	2	aktas	akta	NOUN
afs-88257	186	3	,	,	PUNCT
afs-88257	186	4	n.	n.	NOUN
afs-88257	186	5	,	,	PUNCT
afs-88257	186	6	croci	croci	PROPN
afs-88257	186	7	,	,	PUNCT
afs-88257	186	8	e.	e.	PROPN
afs-88257	186	9	&	&	CCONJ
afs-88257	186	10	petmezas	petmezas	PROPN
afs-88257	186	11	,	,	PUNCT
afs-88257	186	12	d.	d.	PROPN
afs-88257	186	13	2015	2015	NUM
afs-88257	186	14	.	.	PUNCT
afs-88257	187	1	is	be	AUX
afs-88257	187	2	working	work	VERB
afs-88257	187	3	capital	capital	NOUN
afs-88257	187	4	management	management	NOUN
afs-88257	187	5	value	value	NOUN
afs-88257	187	6	-	-	PUNCT
afs-88257	187	7	enhancing	enhancing	NOUN
afs-88257	187	8	?	?	PUNCT
afs-88257	188	1	evidence	evidence	NOUN
afs-88257	188	2	from	from	ADP
afs-88257	188	3	firm	firm	ADJ
afs-88257	188	4	performance	performance	NOUN
afs-88257	188	5	and	and	CCONJ
afs-88257	188	6	investments	investment	NOUN
afs-88257	188	7	.	.	PUNCT
afs-88257	189	1	journal	journal	NOUN
afs-88257	189	2	of	of	ADP
afs-88257	189	3	corporate	corporate	ADJ
afs-88257	189	4	finance	finance	NOUN
afs-88257	189	5	30	30	NUM
afs-88257	189	6	:	:	PUNCT
afs-88257	189	7	98–113	98–113	NUM
afs-88257	189	8	.	.	PUNCT
afs-88257	190	1	https://doi.org/10.1016/j.jcorpfin.2014.12.008	https://doi.org/10.1016/j.jcorpfin.2014.12.008	PROPN
afs-88257	190	2	de	de	PROPN
afs-88257	190	3	almeida	almeida	PROPN
afs-88257	190	4	,	,	PUNCT
afs-88257	190	5	j.r	j.r	PROPN
afs-88257	190	6	.	.	PROPN
afs-88257	190	7	&	&	CCONJ
afs-88257	190	8	eid	eid	PROPN
afs-88257	190	9	,	,	PUNCT
afs-88257	190	10	w.	w.	PROPN
afs-88257	190	11	2014	2014	NUM
afs-88257	190	12	.	.	PUNCT
afs-88257	191	1	access	access	NOUN
afs-88257	191	2	to	to	ADP
afs-88257	191	3	finance	finance	NOUN
afs-88257	191	4	,	,	PUNCT
afs-88257	191	5	working	work	VERB
afs-88257	191	6	capital	capital	NOUN
afs-88257	191	7	management	management	NOUN
afs-88257	191	8	and	and	CCONJ
afs-88257	191	9	company	company	NOUN
afs-88257	191	10	value	value	NOUN
afs-88257	191	11	:	:	PUNCT
afs-88257	191	12	evidences	evidence	NOUN
afs-88257	191	13	from	from	ADP
afs-88257	191	14	brazilian	brazilian	ADJ
afs-88257	191	15	companies	company	NOUN
afs-88257	191	16	listed	list	VERB
afs-88257	191	17	on	on	ADP
afs-88257	191	18	bm&fbovespa	bm&fbovespa	PROPN
afs-88257	191	19	.	.	PUNCT
afs-88257	192	1	journal	journal	PROPN
afs-88257	192	2	of	of	ADP
afs-88257	192	3	business	business	NOUN
afs-88257	192	4	research	research	NOUN
afs-88257	192	5	67	67	NUM
afs-88257	192	6	:	:	PUNCT
afs-88257	192	7	924–934	924–934	NUM
afs-88257	192	8	.	.	PUNCT
afs-88257	193	1	https://doi.org/10.1016/j.jbusres.2013.07.012	https://doi.org/10.1016/j.jbusres.2013.07.012	PROPN
afs-88257	193	2	apak	apak	NOUN
afs-88257	193	3	,	,	PUNCT
afs-88257	193	4	s.	s.	PROPN
afs-88257	193	5	,	,	PUNCT
afs-88257	193	6	açıkgöz	açıkgöz	PROPN
afs-88257	193	7	,	,	PUNCT
afs-88257	193	8	a.f	a.f	PROPN
afs-88257	193	9	.	.	PROPN
afs-88257	193	10	,	,	PUNCT
afs-88257	193	11	erbay	erbay	PROPN
afs-88257	193	12	,	,	PUNCT
afs-88257	193	13	e.r	e.r	PROPN
afs-88257	193	14	.	.	PROPN
afs-88257	193	15	&	&	CCONJ
afs-88257	193	16	tuncer	tuncer	PROPN
afs-88257	193	17	,	,	PUNCT
afs-88257	193	18	g.	g.	PROPN
afs-88257	193	19	2016	2016	NUM
afs-88257	193	20	.	.	PUNCT
afs-88257	194	1	cash	cash	NOUN
afs-88257	194	2	vs.	vs.	ADP
afs-88257	194	3	net	net	ADJ
afs-88257	194	4	working	working	NOUN
afs-88257	194	5	capital	capital	NOUN
afs-88257	194	6	as	as	ADP
afs-88257	194	7	strategic	strategic	ADJ
afs-88257	194	8	tools	tool	NOUN
afs-88257	194	9	for	for	ADP
afs-88257	194	10	the	the	DET
afs-88257	194	11	long	long	ADJ
afs-88257	194	12	-	-	PUNCT
afs-88257	194	13	term	term	NOUN
afs-88257	194	14	relation	relation	NOUN
afs-88257	194	15	between	between	ADP
afs-88257	194	16	bank	bank	NOUN
afs-88257	194	17	credits	credit	NOUN
afs-88257	194	18	and	and	CCONJ
afs-88257	194	19	liquidity	liquidity	NOUN
afs-88257	194	20	:	:	PUNCT
afs-88257	194	21	inequalities	inequality	NOUN
afs-88257	194	22	in	in	ADP
afs-88257	194	23	turkey	turkey	PROPN
afs-88257	194	24	.	.	PUNCT
afs-88257	195	1	procedia	procedia	PROPN
afs-88257	195	2	social	social	ADJ
afs-88257	195	3	and	and	CCONJ
afs-88257	195	4	behavioral	behavioral	ADJ
afs-88257	195	5	sciences	science	NOUN
afs-88257	195	6	235	235	NUM
afs-88257	195	7	(	(	PUNCT
afs-88257	195	8	november	november	PROPN
afs-88257	195	9	):	):	PUNCT
afs-88257	195	10	648–655	648–655	NUM
afs-88257	195	11	.	.	PUNCT
afs-88257	196	1	https://doi.org/10.1016/j.sbspro.2016.11.046	https://doi.org/10.1016/j.sbspro.2016.11.046	VERB
afs-88257	196	2	baños	baños	PROPN
afs-88257	196	3	-	-	PUNCT
afs-88257	196	4	caballero	caballero	PROPN
afs-88257	196	5	,	,	PUNCT
afs-88257	196	6	s.	s.	PROPN
afs-88257	196	7	,	,	PUNCT
afs-88257	196	8	garcía	garcía	NOUN
afs-88257	196	9	-	-	PUNCT
afs-88257	196	10	teruel	teruel	NOUN
afs-88257	196	11	,	,	PUNCT
afs-88257	196	12	p.j	p.j	PROPN
afs-88257	196	13	.	.	PROPN
afs-88257	196	14	&	&	CCONJ
afs-88257	196	15	martínez	martínez	PROPN
afs-88257	196	16	-	-	PUNCT
afs-88257	196	17	solano	solano	PROPN
afs-88257	196	18	,	,	PUNCT
afs-88257	196	19	p.	p.	NOUN
afs-88257	196	20	2019	2019	NUM
afs-88257	196	21	.	.	PUNCT
afs-88257	197	1	net	net	ADJ
afs-88257	197	2	operating	operate	VERB
afs-88257	197	3	working	work	VERB
afs-88257	197	4	capital	capital	NOUN
afs-88257	197	5	and	and	CCONJ
afs-88257	197	6	firm	firm	ADJ
afs-88257	197	7	value	value	NOUN
afs-88257	197	8	:	:	PUNCT
afs-88257	197	9	a	a	DET
afs-88257	197	10	crosscountry	crosscountry	PROPN
afs-88257	197	11	analysis	analysis	NOUN
afs-88257	197	12	.	.	PUNCT
afs-88257	198	1	brq	brq	NOUN
afs-88257	198	2	business	business	NOUN
afs-88257	198	3	research	research	NOUN
afs-88257	198	4	quarterly	quarterly	ADV
afs-88257	198	5	.	.	PUNCT
afs-88257	199	1	available	available	ADJ
afs-88257	199	2	online	online	ADV
afs-88257	199	3	4	4	NUM
afs-88257	199	4	april	april	PROPN
afs-88257	199	5	2019	2019	NUM
afs-88257	199	6	.	.	PUNCT
afs-88257	200	1	in	in	ADP
afs-88257	200	2	press	press	NOUN
afs-88257	200	3	,	,	PUNCT
afs-88257	200	4	corrected	correct	VERB
afs-88257	200	5	proof	proof	NOUN
afs-88257	200	6	.	.	PUNCT
afs-88257	201	1	https://doi.org/10.1016/j.brq.2019.03.003	https://doi.org/10.1016/j.brq.2019.03.003	PROPN
afs-88257	201	2	bottani	bottani	PROPN
afs-88257	201	3	,	,	PUNCT
afs-88257	201	4	e.	e.	PROPN
afs-88257	201	5	,	,	PUNCT
afs-88257	201	6	gentilotti	gentilotti	PROPN
afs-88257	201	7	,	,	PUNCT
afs-88257	201	8	m.c	m.c	PROPN
afs-88257	201	9	.	.	PROPN
afs-88257	201	10	&	&	CCONJ
afs-88257	201	11	rinaldi	rinaldi	PROPN
afs-88257	201	12	,	,	PUNCT
afs-88257	201	13	m.	m.	NOUN
afs-88257	201	14	2017	2017	NUM
afs-88257	201	15	.	.	PUNCT
afs-88257	202	1	a	a	DET
afs-88257	202	2	fuzzy	fuzzy	ADJ
afs-88257	202	3	logic	logic	NOUN
afs-88257	202	4	-	-	PUNCT
afs-88257	202	5	based	base	VERB
afs-88257	202	6	tool	tool	NOUN
afs-88257	202	7	for	for	ADP
afs-88257	202	8	the	the	DET
afs-88257	202	9	assessment	assessment	NOUN
afs-88257	202	10	of	of	ADP
afs-88257	202	11	corporate	corporate	ADJ
afs-88257	202	12	sustainability	sustainability	NOUN
afs-88257	202	13	:	:	PUNCT
afs-88257	202	14	a	a	DET
afs-88257	202	15	case	case	NOUN
afs-88257	202	16	study	study	NOUN
afs-88257	202	17	in	in	ADP
afs-88257	202	18	the	the	DET
afs-88257	202	19	food	food	NOUN
afs-88257	202	20	machinery	machinery	NOUN
afs-88257	202	21	industry	industry	NOUN
afs-88257	202	22	.	.	PUNCT
afs-88257	203	1	sustainability	sustainability	NOUN
afs-88257	203	2	9	9	NUM
afs-88257	203	3	:	:	SYM
afs-88257	203	4	583	583	NUM
afs-88257	203	5	.	.	PUNCT
afs-88257	204	1	https://doi.org/10.3390/su9040583	https://doi.org/10.3390/su9040583	X
afs-88257	204	2	chatterjee	chatterjee	PROPN
afs-88257	204	3	,	,	PUNCT
afs-88257	204	4	s.	s.	PROPN
afs-88257	204	5	2012	2012	NUM
afs-88257	204	6	.	.	PUNCT
afs-88257	205	1	the	the	DET
afs-88257	205	2	impact	impact	NOUN
afs-88257	205	3	of	of	ADP
afs-88257	205	4	working	work	VERB
afs-88257	205	5	capital	capital	NOUN
afs-88257	205	6	on	on	ADP
afs-88257	205	7	the	the	DET
afs-88257	205	8	profitability	profitability	NOUN
afs-88257	205	9	:	:	PUNCT
afs-88257	205	10	evidence	evidence	NOUN
afs-88257	205	11	from	from	ADP
afs-88257	205	12	the	the	DET
afs-88257	205	13	indian	indian	ADJ
afs-88257	205	14	firms	firm	NOUN
afs-88257	205	15	.	.	PUNCT
afs-88257	206	1	ssrn	ssrn	PROPN
afs-88257	206	2	scholarly	scholarly	ADJ
afs-88257	206	3	paper	paper	NOUN
afs-88257	206	4	i	i	PROPN
afs-88257	206	5	d	d	PROPN
afs-88257	206	6	2125228	2125228	NUM
afs-88257	206	7	.	.	PUNCT
afs-88257	207	1	rochester	rochester	PROPN
afs-88257	207	2	,	,	PUNCT
afs-88257	207	3	ny	ny	PROPN
afs-88257	207	4	:	:	PUNCT
afs-88257	207	5	social	social	ADJ
afs-88257	207	6	science	science	NOUN
afs-88257	207	7	research	research	NOUN
afs-88257	207	8	network	network	NOUN
afs-88257	207	9	.	.	PUNCT
afs-88257	208	1	74	74	NUM
afs-88257	208	2	p.	p.	NOUN
afs-88257	208	3	https://doi.org/10.2139/ssrn.2125228	https://doi.org/10.2139/ssrn.2125228	PROPN
afs-88257	208	4	chen	chen	PROPN
afs-88257	208	5	,	,	PUNCT
afs-88257	208	6	q.	q.	PROPN
afs-88257	208	7	,	,	PUNCT
afs-88257	208	8	sipiläinen	sipiläinen	NOUN
afs-88257	208	9	,	,	PUNCT
afs-88257	208	10	t.	t.	PROPN
afs-88257	208	11	&	&	CCONJ
afs-88257	208	12	sumelius	sumelius	PROPN
afs-88257	208	13	,	,	PUNCT
afs-88257	208	14	j.	j.	PROPN
afs-88257	208	15	2014	2014	NUM
afs-88257	208	16	.	.	PUNCT
afs-88257	209	1	assessment	assessment	NOUN
afs-88257	209	2	of	of	ADP
afs-88257	209	3	agri	agri	NOUN
afs-88257	209	4	-	-	PUNCT
afs-88257	209	5	environmental	environmental	ADJ
afs-88257	209	6	externalities	externality	NOUN
afs-88257	209	7	at	at	ADP
afs-88257	209	8	regional	regional	ADJ
afs-88257	209	9	levels	level	NOUN
afs-88257	209	10	in	in	ADP
afs-88257	209	11	finland	finland	PROPN
afs-88257	209	12	.	.	PUNCT
afs-88257	210	1	sustainability	sustainability	NOUN
afs-88257	210	2	6	6	NUM
afs-88257	210	3	:	:	SYM
afs-88257	210	4	3171–3191	3171–3191	NUM
afs-88257	210	5	.	.	PUNCT
afs-88257	210	6	https://doi.org/10.3390/su6063171	https://doi.org/10.3390/su6063171	ADP
afs-88257	210	7	çelik	çelik	PROPN
afs-88257	210	8	,	,	PUNCT
afs-88257	210	9	r.	r.	PROPN
afs-88257	210	10	,	,	PUNCT
afs-88257	210	11	bilen	bilen	PROPN
afs-88257	210	12	,	,	PUNCT
afs-88257	210	13	b.	b.	PROPN
afs-88257	210	14	&	&	CCONJ
afs-88257	210	15	bilen	bilen	PROPN
afs-88257	210	16	,	,	PUNCT
afs-88257	210	17	ö.	ö.	VERB
afs-88257	210	18	2016	2016	NUM
afs-88257	210	19	.	.	PUNCT
afs-88257	211	1	the	the	DET
afs-88257	211	2	impacts	impact	NOUN
afs-88257	211	3	of	of	ADP
afs-88257	211	4	changes	change	NOUN
afs-88257	211	5	in	in	ADP
afs-88257	211	6	macro	macro	ADJ
afs-88257	211	7	-	-	ADJ
afs-88257	211	8	economic	economic	ADJ
afs-88257	211	9	data	datum	NOUN
afs-88257	211	10	on	on	ADP
afs-88257	211	11	net	net	ADJ
afs-88257	211	12	working	working	NOUN
afs-88257	211	13	capital	capital	NOUN
afs-88257	211	14	:	:	PUNCT
afs-88257	211	15	the	the	DET
afs-88257	211	16	case	case	NOUN
afs-88257	211	17	of	of	ADP
afs-88257	211	18	turkey	turkey	PROPN
afs-88257	211	19	’s	’s	PART
afs-88257	211	20	industrial	industrial	ADJ
afs-88257	211	21	sector	sector	NOUN
afs-88257	211	22	.	.	PUNCT
afs-88257	212	1	procedia	procedia	ADJ
afs-88257	212	2	economics	economic	NOUN
afs-88257	212	3	and	and	CCONJ
afs-88257	212	4	finance	finance	NOUN
afs-88257	212	5	38	38	NUM
afs-88257	212	6	:	:	PUNCT
afs-88257	212	7	122–134	122–134	NUM
afs-88257	212	8	.	.	PUNCT
afs-88257	213	1	https://doi.org/10.1016/s2212-5671(16)30184-8	https://doi.org/10.1016/s2212-5671(16)30184-8	PROPN
afs-88257	213	2	dar	dar	PROPN
afs-88257	213	3	,	,	PUNCT
afs-88257	213	4	s.q	s.q	PROPN
afs-88257	213	5	.	.	PROPN
afs-88257	213	6	&	&	CCONJ
afs-88257	213	7	dar	dar	PROPN
afs-88257	213	8	,	,	PUNCT
afs-88257	213	9	a.a	a.a	PROPN
afs-88257	213	10	.	.	PROPN
afs-88257	213	11	2017	2017	NUM
afs-88257	213	12	.	.	PUNCT
afs-88257	214	1	the	the	DET
afs-88257	214	2	working	work	VERB
afs-88257	214	3	capital	capital	NOUN
afs-88257	214	4	and	and	CCONJ
afs-88257	214	5	its	its	PRON
afs-88257	214	6	ratios	ratio	NOUN
afs-88257	214	7	:	:	PUNCT
afs-88257	214	8	a	a	DET
afs-88257	214	9	qualitative	qualitative	ADJ
afs-88257	214	10	study	study	NOUN
afs-88257	214	11	.	.	PUNCT
afs-88257	215	1	international	international	ADJ
afs-88257	215	2	journal	journal	PROPN
afs-88257	215	3	of	of	ADP
afs-88257	215	4	statistics	statistic	NOUN
afs-88257	215	5	and	and	CCONJ
afs-88257	215	6	actuarial	actuarial	ADJ
afs-88257	215	7	science	science	NOUN
afs-88257	215	8	1	1	NUM
afs-88257	215	9	:	:	PUNCT
afs-88257	215	10	24–30	24–30	NUM
afs-88257	215	11	.	.	PUNCT
afs-88257	215	12	deloof	deloof	PROPN
afs-88257	215	13	,	,	PUNCT
afs-88257	215	14	m.	m.	NOUN
afs-88257	215	15	2003	2003	NUM
afs-88257	215	16	.	.	PUNCT
afs-88257	216	1	does	do	AUX
afs-88257	216	2	working	work	VERB
afs-88257	216	3	capital	capital	NOUN
afs-88257	216	4	management	management	NOUN
afs-88257	216	5	affect	affect	VERB
afs-88257	216	6	profitability	profitability	NOUN
afs-88257	216	7	of	of	ADP
afs-88257	216	8	belgian	belgian	ADJ
afs-88257	216	9	firms	firm	NOUN
afs-88257	216	10	?	?	PUNCT
afs-88257	217	1	journal	journal	NOUN
afs-88257	217	2	of	of	ADP
afs-88257	217	3	business	business	NOUN
afs-88257	217	4	finance	finance	PROPN
afs-88257	217	5	&	&	CCONJ
afs-88257	217	6	accounting	account	VERB
afs-88257	217	7	30	30	NUM
afs-88257	217	8	:	:	PUNCT
afs-88257	217	9	573–588	573–588	NUM
afs-88257	217	10	.	.	PUNCT
afs-88257	218	1	https://doi.org/10.1111/1468-5957.00008	https://doi.org/10.1111/1468-5957.00008	PROPN
afs-88257	218	2	enqvist	enqvist	NOUN
afs-88257	218	3	,	,	PUNCT
afs-88257	218	4	j.	j.	PROPN
afs-88257	218	5	,	,	PUNCT
afs-88257	218	6	graham	graham	PROPN
afs-88257	218	7	,	,	PUNCT
afs-88257	218	8	m.	m.	PROPN
afs-88257	218	9	&	&	CCONJ
afs-88257	218	10	nikkinen	nikkinen	PROPN
afs-88257	218	11	,	,	PUNCT
afs-88257	218	12	j.	j.	PROPN
afs-88257	218	13	2014	2014	NUM
afs-88257	218	14	.	.	PUNCT
afs-88257	219	1	the	the	DET
afs-88257	219	2	impact	impact	NOUN
afs-88257	219	3	of	of	ADP
afs-88257	219	4	working	work	VERB
afs-88257	219	5	capital	capital	NOUN
afs-88257	219	6	management	management	NOUN
afs-88257	219	7	on	on	ADP
afs-88257	219	8	firm	firm	ADJ
afs-88257	219	9	profitability	profitability	NOUN
afs-88257	219	10	in	in	ADP
afs-88257	219	11	different	different	ADJ
afs-88257	219	12	business	business	NOUN
afs-88257	219	13	cycles	cycle	NOUN
afs-88257	219	14	:	:	PUNCT
afs-88257	219	15	evidence	evidence	NOUN
afs-88257	219	16	from	from	ADP
afs-88257	219	17	finland	finland	PROPN
afs-88257	219	18	.	.	PUNCT
afs-88257	220	1	research	research	NOUN
afs-88257	220	2	in	in	ADP
afs-88257	220	3	international	international	ADJ
afs-88257	220	4	business	business	NOUN
afs-88257	220	5	and	and	CCONJ
afs-88257	220	6	finance	finance	NOUN
afs-88257	220	7	32	32	NUM
afs-88257	220	8	(	(	PUNCT
afs-88257	220	9	august	august	PROPN
afs-88257	220	10	):	):	PUNCT
afs-88257	220	11	36–49	36–49	NUM
afs-88257	220	12	.	.	PUNCT
afs-88257	221	1	https://doi.org/10.1016/j.ribaf.2014.03.005	https://doi.org/10.1016/j.ribaf.2014.03.005	PROPN
afs-88257	221	2	huang	huang	PROPN
afs-88257	221	3	,	,	PUNCT
afs-88257	221	4	w.	w.	PROPN
afs-88257	221	5	&	&	CCONJ
afs-88257	221	6	mazouz	mazouz	PROPN
afs-88257	221	7	,	,	PUNCT
afs-88257	221	8	k.	k.	PROPN
afs-88257	221	9	2018	2018	NUM
afs-88257	221	10	.	.	PUNCT
afs-88257	222	1	excess	excess	ADJ
afs-88257	222	2	cash	cash	NOUN
afs-88257	222	3	,	,	PUNCT
afs-88257	222	4	trading	trading	NOUN
afs-88257	222	5	continuity	continuity	NOUN
afs-88257	222	6	,	,	PUNCT
afs-88257	222	7	and	and	CCONJ
afs-88257	222	8	liquidity	liquidity	NOUN
afs-88257	222	9	risk	risk	NOUN
afs-88257	222	10	.	.	PUNCT
afs-88257	223	1	journal	journal	NOUN
afs-88257	223	2	of	of	ADP
afs-88257	223	3	corporate	corporate	ADJ
afs-88257	223	4	finance	finance	NOUN
afs-88257	223	5	48	48	NUM
afs-88257	223	6	(	(	PUNCT
afs-88257	223	7	february	february	PROPN
afs-88257	223	8	):	):	PUNCT
afs-88257	223	9	275–291	275–291	NUM
afs-88257	223	10	.	.	PUNCT
afs-88257	224	1	https://doi.org/10.1016/j.jcorpfin.2017.11.005	https://doi.org/10.1016/j.jcorpfin.2017.11.005	VERB
afs-88257	224	2	kasiran	kasiran	PROPN
afs-88257	224	3	,	,	PUNCT
afs-88257	224	4	f.w	f.w	PROPN
afs-88257	224	5	.	.	PROPN
afs-88257	224	6	,	,	PUNCT
afs-88257	224	7	mohamad	mohamad	PROPN
afs-88257	224	8	,	,	PUNCT
afs-88257	224	9	n.a	n.a	PROPN
afs-88257	224	10	.	.	PROPN
afs-88257	224	11	&	&	CCONJ
afs-88257	224	12	chin	chin	PROPN
afs-88257	224	13	,	,	PUNCT
afs-88257	224	14	o.	o.	NOUN
afs-88257	224	15	2016	2016	NUM
afs-88257	224	16	.	.	PUNCT
afs-88257	225	1	working	work	VERB
afs-88257	225	2	capital	capital	NOUN
afs-88257	225	3	management	management	NOUN
afs-88257	225	4	efficiency	efficiency	NOUN
afs-88257	225	5	:	:	PUNCT
afs-88257	225	6	a	a	DET
afs-88257	225	7	study	study	NOUN
afs-88257	225	8	on	on	ADP
afs-88257	225	9	the	the	DET
afs-88257	225	10	small	small	ADJ
afs-88257	225	11	medium	medium	ADJ
afs-88257	225	12	enterprise	enterprise	NOUN
afs-88257	225	13	in	in	ADP
afs-88257	225	14	malaysia	malaysia	PROPN
afs-88257	225	15	.	.	PUNCT
afs-88257	226	1	procedia	procedia	PROPN
afs-88257	226	2	economics	economic	NOUN
afs-88257	226	3	and	and	CCONJ
afs-88257	226	4	finance	finance	NOUN
afs-88257	226	5	35	35	NUM
afs-88257	226	6	:	:	PUNCT
afs-88257	226	7	297–303	297–303	NUM
afs-88257	226	8	.	.	PUNCT
afs-88257	227	1	https://doi.org/10.1016/s2212-5671(16)00037-x	https://doi.org/10.1016/s2212-5671(16)00037-x	PROPN
afs-88257	227	2	peng	peng	PROPN
afs-88257	227	3	,	,	PUNCT
afs-88257	227	4	j.	j.	PROPN
afs-88257	227	5	&	&	CCONJ
afs-88257	227	6	zhou	zhou	PROPN
afs-88257	227	7	,	,	PUNCT
afs-88257	227	8	z.	z.	PROPN
afs-88257	227	9	2019	2019	NUM
afs-88257	227	10	.	.	PUNCT
afs-88257	228	1	working	work	VERB
afs-88257	228	2	capital	capital	NOUN
afs-88257	228	3	optimization	optimization	NOUN
afs-88257	228	4	in	in	ADP
afs-88257	228	5	a	a	DET
afs-88257	228	6	supply	supply	NOUN
afs-88257	228	7	chain	chain	NOUN
afs-88257	228	8	perspective	perspective	NOUN
afs-88257	228	9	.	.	PUNCT
afs-88257	229	1	european	european	PROPN
afs-88257	229	2	journal	journal	PROPN
afs-88257	229	3	of	of	ADP
afs-88257	229	4	operational	operational	ADJ
afs-88257	229	5	research	research	NOUN
afs-88257	229	6	277	277	NUM
afs-88257	229	7	:	:	PUNCT
afs-88257	229	8	846–56	846–56	NUM
afs-88257	229	9	.	.	PUNCT
afs-88257	230	1	https://doi.org/10.1016/j.ejor.2019.03.022	https://doi.org/10.1016/j.ejor.2019.03.022	NOUN
afs-88257	230	2	pirttilä	pirttilä	NOUN
afs-88257	230	3	,	,	PUNCT
afs-88257	230	4	m.	m.	NOUN
afs-88257	230	5	,	,	PUNCT
afs-88257	230	6	virolainen	virolainen	PROPN
afs-88257	230	7	,	,	PUNCT
afs-88257	230	8	v.m	v.m	PROPN
afs-88257	230	9	.	.	PROPN
afs-88257	230	10	,	,	PUNCT
afs-88257	230	11	lind	lind	PROPN
afs-88257	230	12	,	,	PUNCT
afs-88257	230	13	l.	l.	PROPN
afs-88257	230	14	&	&	CCONJ
afs-88257	230	15	kärri	kärri	PROPN
afs-88257	230	16	,	,	PUNCT
afs-88257	230	17	t.	t.	PROPN
afs-88257	230	18	2019	2019	NUM
afs-88257	230	19	.	.	PUNCT
afs-88257	231	1	working	work	VERB
afs-88257	231	2	capital	capital	NOUN
afs-88257	231	3	management	management	NOUN
afs-88257	231	4	in	in	ADP
afs-88257	231	5	the	the	DET
afs-88257	231	6	russian	russian	ADJ
afs-88257	231	7	automotive	automotive	ADJ
afs-88257	231	8	industry	industry	NOUN
afs-88257	231	9	supply	supply	NOUN
afs-88257	231	10	chain	chain	NOUN
afs-88257	231	11	.	.	PUNCT
afs-88257	232	1	international	international	ADJ
afs-88257	232	2	journal	journal	PROPN
afs-88257	232	3	of	of	ADP
afs-88257	232	4	production	production	NOUN
afs-88257	232	5	economics	economic	NOUN
afs-88257	232	6	:	:	PUNCT
afs-88257	232	7	available	available	ADJ
afs-88257	232	8	online	online	ADJ
afs-88257	232	9	30	30	NUM
afs-88257	232	10	august	august	PROPN
afs-88257	232	11	2019	2019	NUM
afs-88257	232	12	.	.	PUNCT
afs-88257	233	1	in	in	ADP
afs-88257	233	2	press	press	NOUN
afs-88257	233	3	,	,	PUNCT
afs-88257	233	4	corrected	correct	VERB
afs-88257	233	5	proof	proof	NOUN
afs-88257	233	6	.	.	PUNCT
afs-88257	234	1	https://doi.org/10.1016/j.ijpe.2019.08.009	https://doi.org/10.1016/j.ijpe.2019.08.009	NOUN
afs-88257	234	2	sánchez	sánchez	PROPN
afs-88257	234	3	,	,	PUNCT
afs-88257	234	4	d.	d.	PROPN
afs-88257	234	5	&	&	CCONJ
afs-88257	234	6	trillas	trilla	NOUN
afs-88257	234	7	,	,	PUNCT
afs-88257	234	8	e.	e.	PROPN
afs-88257	234	9	2012	2012	NUM
afs-88257	234	10	measures	measure	NOUN
afs-88257	234	11	of	of	ADP
afs-88257	234	12	fuzziness	fuzziness	NOUN
afs-88257	234	13	under	under	ADP
afs-88257	234	14	different	different	ADJ
afs-88257	234	15	uses	use	NOUN
afs-88257	234	16	of	of	ADP
afs-88257	234	17	fuzzy	fuzzy	ADJ
afs-88257	234	18	sets	set	NOUN
afs-88257	234	19	.	.	PUNCT
afs-88257	235	1	in	in	ADP
afs-88257	235	2	:	:	PUNCT
afs-88257	235	3	advances	advance	NOUN
afs-88257	235	4	in	in	ADP
afs-88257	235	5	computational	computational	ADJ
afs-88257	235	6	intelligence	intelligence	NOUN
afs-88257	235	7	,	,	PUNCT
afs-88257	235	8	catania	catania	PROPN
afs-88257	235	9	,	,	PUNCT
afs-88257	235	10	italy	italy	PROPN
afs-88257	235	11	.	.	PUNCT
afs-88257	236	1	p.	p.	NOUN
afs-88257	236	2	25–34	25–34	NUM
afs-88257	236	3	.	.	PUNCT
afs-88257	237	1	https://doi.org/10.1007/978-3-642-31715-6_4	https://doi.org/10.1007/978-3-642-31715-6_4	DET
afs-88257	237	2	taş	taş	NOUN
afs-88257	237	3	,	,	PUNCT
afs-88257	237	4	o.	o.	PROPN
afs-88257	237	5	&	&	CCONJ
afs-88257	237	6	gürsoy	gürsoy	PROPN
afs-88257	237	7	,	,	PUNCT
afs-88257	237	8	ö.z	ö.z	PROPN
afs-88257	237	9	.	.	NOUN
afs-88257	237	10	2016	2016	NUM
afs-88257	237	11	.	.	PUNCT
afs-88257	238	1	a	a	DET
afs-88257	238	2	fuzzy	fuzzy	ADJ
afs-88257	238	3	logic	logic	NOUN
afs-88257	238	4	based	base	VERB
afs-88257	238	5	technical	technical	ADJ
afs-88257	238	6	indicator	indicator	NOUN
afs-88257	238	7	for	for	ADP
afs-88257	238	8	bist	bist	ADJ
afs-88257	238	9	30	30	NUM
afs-88257	238	10	index	index	NOUN
afs-88257	238	11	and	and	CCONJ
afs-88257	238	12	islamic	islamic	ADJ
afs-88257	238	13	index	index	NOUN
afs-88257	238	14	.	.	PUNCT
afs-88257	239	1	procedia	procedia	NOUN
afs-88257	239	2	economics	economic	NOUN
afs-88257	239	3	and	and	CCONJ
afs-88257	239	4	finance	finance	NOUN
afs-88257	239	5	38	38	NUM
afs-88257	239	6	:	:	PUNCT
afs-88257	239	7	203–212	203–212	NUM
afs-88257	239	8	.	.	PUNCT
afs-88257	240	1	https://doi.org/10.1016/s2212-5671(16)30191-5	https://doi.org/10.1016/s2212-5671(16)30191-5	PROPN
afs-88257	240	2	triqueiros	triqueiros	PROPN
afs-88257	240	3	,	,	PUNCT
afs-88257	240	4	d.	d.	PROPN
afs-88257	240	5	1994	1994	NUM
afs-88257	240	6	.	.	PUNCT
afs-88257	241	1	incorporating	incorporate	VERB
afs-88257	241	2	complementary	complementary	ADJ
afs-88257	241	3	ratios	ratio	NOUN
afs-88257	241	4	in	in	ADP
afs-88257	241	5	the	the	DET
afs-88257	241	6	analysis	analysis	NOUN
afs-88257	241	7	of	of	ADP
afs-88257	241	8	financial	financial	ADJ
afs-88257	241	9	statements	statement	NOUN
afs-88257	241	10	.	.	PUNCT
afs-88257	242	1	accounting	accounting	NOUN
afs-88257	242	2	,	,	PUNCT
afs-88257	242	3	management	management	NOUN
afs-88257	242	4	and	and	CCONJ
afs-88257	242	5	information	information	NOUN
afs-88257	242	6	technologies	technology	NOUN
afs-88257	242	7	4	4	NUM
afs-88257	242	8	:	:	SYM
afs-88257	242	9	149–162	149–162	NUM
afs-88257	242	10	.	.	PUNCT
afs-88257	243	1	https://doi.org/10.1016/0959-8022(94)90002-7	https://doi.org/10.1016/0959-8022(94)90002-7	PROPN
afs-88257	243	2	tsuruta	tsuruta	ADV
afs-88257	243	3	,	,	PUNCT
afs-88257	243	4	d.	d.	PROPN
afs-88257	243	5	2019	2019	NUM
afs-88257	243	6	.	.	PUNCT
afs-88257	244	1	working	work	VERB
afs-88257	244	2	capital	capital	NOUN
afs-88257	244	3	management	management	NOUN
afs-88257	244	4	during	during	ADP
afs-88257	244	5	the	the	DET
afs-88257	244	6	global	global	ADJ
afs-88257	244	7	financial	financial	ADJ
afs-88257	244	8	crisis	crisis	NOUN
afs-88257	244	9	:	:	PUNCT
afs-88257	244	10	evidence	evidence	NOUN
afs-88257	244	11	from	from	ADP
afs-88257	244	12	japan	japan	PROPN
afs-88257	244	13	.	.	PUNCT
afs-88257	245	1	japan	japan	PROPN
afs-88257	245	2	and	and	CCONJ
afs-88257	245	3	the	the	DET
afs-88257	245	4	world	world	NOUN
afs-88257	245	5	economy	economy	NOUN
afs-88257	245	6	49	49	NUM
afs-88257	245	7	(	(	PUNCT
afs-88257	245	8	march	march	PROPN
afs-88257	245	9	):	):	PUNCT
afs-88257	245	10	206–219	206–219	NUM
afs-88257	245	11	.	.	PUNCT
afs-88257	246	1	https://doi.org/10.1016/j.japwor.2019.01.002	https://doi.org/10.1016/j.japwor.2019.01.002	NOUN
afs-88257	246	2	vural	vural	ADJ
afs-88257	246	3	,	,	PUNCT
afs-88257	246	4	g.	g.	PROPN
afs-88257	246	5	,	,	PUNCT
afs-88257	246	6	sökmen	sökmen	PROPN
afs-88257	246	7	,	,	PUNCT
afs-88257	246	8	a.g	a.g	PROPN
afs-88257	246	9	.	.	PROPN
afs-88257	246	10	&	&	CCONJ
afs-88257	246	11	çetenak	çetenak	PROPN
afs-88257	246	12	,	,	PUNCT
afs-88257	246	13	e.h	e.h	PROPN
afs-88257	246	14	.	.	PROPN
afs-88257	246	15	2012	2012	NUM
afs-88257	246	16	.	.	PUNCT
afs-88257	247	1	affects	affect	NOUN
afs-88257	247	2	of	of	ADP
afs-88257	247	3	working	work	VERB
afs-88257	247	4	capital	capital	NOUN
afs-88257	247	5	management	management	NOUN
afs-88257	247	6	on	on	ADP
afs-88257	247	7	firm	firm	NOUN
afs-88257	247	8	’s	’s	PART
afs-88257	247	9	performance	performance	NOUN
afs-88257	247	10	:	:	PUNCT
afs-88257	247	11	evidence	evidence	NOUN
afs-88257	247	12	from	from	ADP
afs-88257	247	13	turkey	turkey	NOUN
afs-88257	247	14	2	2	NUM
afs-88257	247	15	:	:	PUNCT
afs-88257	247	16	488–495	488–495	NUM
afs-88257	247	17	.	.	PUNCT
afs-88257	247	18	wieczorek	wieczorek	NOUN
afs-88257	247	19	-	-	PUNCT
afs-88257	247	20	kosmala	kosmala	PROPN
afs-88257	247	21	,	,	PUNCT
afs-88257	247	22	m.	m.	NOUN
afs-88257	247	23	,	,	PUNCT
afs-88257	247	24	doś	doś	PROPN
afs-88257	247	25	,	,	PUNCT
afs-88257	247	26	a.	a.	NOUN
afs-88257	247	27	,	,	PUNCT
afs-88257	247	28	błach	błach	ADV
afs-88257	247	29	,	,	PUNCT
afs-88257	247	30	j.	j.	PROPN
afs-88257	247	31	&	&	CCONJ
afs-88257	247	32	gorczyńska	gorczyńska	PROPN
afs-88257	247	33	,	,	PUNCT
afs-88257	247	34	m.	m.	NOUN
afs-88257	247	35	2016	2016	NUM
afs-88257	247	36	.	.	PUNCT
afs-88257	248	1	working	work	VERB
afs-88257	248	2	capital	capital	NOUN
afs-88257	248	3	management	management	NOUN
afs-88257	248	4	and	and	CCONJ
afs-88257	248	5	liquidity	liquidity	NOUN
afs-88257	248	6	reserves	reserve	NOUN
afs-88257	248	7	:	:	PUNCT
afs-88257	248	8	the	the	DET
afs-88257	248	9	context	context	NOUN
afs-88257	248	10	of	of	ADP
afs-88257	248	11	risk	risk	NOUN
afs-88257	248	12	retention	retention	NOUN
afs-88257	248	13	.	.	PUNCT
afs-88257	249	1	journal	journal	NOUN
afs-88257	249	2	of	of	ADP
afs-88257	249	3	economics	economics	PROPN
afs-88257	249	4	&	&	CCONJ
afs-88257	249	5	management	management	PROPN
afs-88257	249	6	23	23	NUM
afs-88257	249	7	:	:	PUNCT
afs-88257	249	8	5–20	5–20	PROPN
afs-88257	249	9	.	.	PUNCT
afs-88257	249	10	www.bloomberg.com	www.bloomberg.com	PROPN
afs-88257	249	11	www.thomsonreuters.com	www.thomsonreuters.com	X