id	sid	tid	token	lemma	pos
amfbr-132	1	1	american	american	PROPN
amfbr-132	1	2	finance	finance	PROPN
amfbr-132	1	3	&	&	CCONJ
amfbr-132	1	4	banking	banking	PROPN
amfbr-132	1	5	review	review	PROPN
amfbr-132	1	6	;	;	PUNCT
amfbr-132	1	7	vol	vol	NOUN
amfbr-132	1	8	.	.	NOUN
amfbr-132	2	1	2	2	NUM
amfbr-132	2	2	,	,	PUNCT
amfbr-132	2	3	no	no	INTJ
amfbr-132	2	4	.	.	NOUN
amfbr-132	2	5	2	2	NUM
amfbr-132	2	6	;	;	PUNCT
amfbr-132	2	7	2018	2018	NUM
amfbr-132	2	8	issn	issn	VERB
amfbr-132	2	9	2576	2576	NUM
amfbr-132	2	10	-	-	SYM
amfbr-132	2	11	1226	1226	NUM
amfbr-132	2	12	e	e	NOUN
amfbr-132	2	13	-	-	NOUN
amfbr-132	2	14	issn	issn	PROPN
amfbr-132	2	15	2576	2576	NUM
amfbr-132	2	16	-	-	SYM
amfbr-132	2	17	1234	1234	NUM
amfbr-132	2	18	published	publish	VERB
amfbr-132	2	19	by	by	ADP
amfbr-132	2	20	centre	centre	NOUN
amfbr-132	2	21	for	for	ADP
amfbr-132	2	22	research	research	NOUN
amfbr-132	2	23	on	on	ADP
amfbr-132	2	24	islamic	islamic	ADJ
amfbr-132	2	25	banking	banking	PROPN
amfbr-132	2	26	&	&	CCONJ
amfbr-132	2	27	finance	finance	PROPN
amfbr-132	2	28	and	and	CCONJ
amfbr-132	2	29	business	business	NOUN
amfbr-132	2	30	,	,	PUNCT
amfbr-132	2	31	usa	usa	PROPN
amfbr-132	2	32	1	1	NUM
amfbr-132	2	33	a	a	DET
amfbr-132	2	34	test	test	NOUN
amfbr-132	2	35	of	of	ADP
amfbr-132	2	36	miller	miller	PROPN
amfbr-132	2	37	and	and	CCONJ
amfbr-132	2	38	modigliani	modigliani	ADJ
amfbr-132	2	39	dividend	dividend	NOUN
amfbr-132	2	40	policy	policy	NOUN
amfbr-132	2	41	irrelevance	irrelevance	NOUN
amfbr-132	2	42	theory	theory	NOUN
amfbr-132	2	43	in	in	ADP
amfbr-132	2	44	nigerian	nigerian	ADJ
amfbr-132	2	45	stock	stock	NOUN
amfbr-132	2	46	market	market	NOUN
amfbr-132	2	47	udobi	udobi	NOUN
amfbr-132	2	48	,	,	PUNCT
amfbr-132	2	49	philomina	philomina	PROPN
amfbr-132	2	50	i.	i.	PROPN
amfbr-132	2	51	1	1	NUM
amfbr-132	2	52	&	&	CCONJ
amfbr-132	2	53	iyiegbuniwe	iyiegbuniwe	NOUN
amfbr-132	2	54	,	,	PUNCT
amfbr-132	2	55	wilfred	wilfred	PROPN
amfbr-132	2	56	i.	i.	PROPN
amfbr-132	2	57	1	1	NUM
amfbr-132	2	58	1	1	NUM
amfbr-132	2	59	department	department	NOUN
amfbr-132	2	60	of	of	ADP
amfbr-132	2	61	finance	finance	NOUN
amfbr-132	2	62	,	,	PUNCT
amfbr-132	2	63	faculty	faculty	NOUN
amfbr-132	2	64	of	of	ADP
amfbr-132	2	65	management	management	NOUN
amfbr-132	2	66	sciences	sciences	PROPN
amfbr-132	2	67	,	,	PUNCT
amfbr-132	2	68	university	university	NOUN
amfbr-132	2	69	of	of	ADP
amfbr-132	2	70	lagos	lagos	PROPN
amfbr-132	2	71	,	,	PUNCT
amfbr-132	2	72	akoka	akoka	NOUN
amfbr-132	2	73	,	,	PUNCT
amfbr-132	2	74	lagos	lago	NOUN
amfbr-132	2	75	,	,	PUNCT
amfbr-132	2	76	nigeria	nigeria	PROPN
amfbr-132	2	77	correspondence	correspondence	NOUN
amfbr-132	2	78	:	:	PUNCT
amfbr-132	3	1	udobi	udobi	NOUN
amfbr-132	3	2	,	,	PUNCT
amfbr-132	3	3	philomina	philomina	PROPN
amfbr-132	3	4	i.	i.	PROPN
amfbr-132	3	5	,	,	PUNCT
amfbr-132	3	6	department	department	PROPN
amfbr-132	3	7	of	of	ADP
amfbr-132	3	8	finance	finance	NOUN
amfbr-132	3	9	,	,	PUNCT
amfbr-132	3	10	faculty	faculty	NOUN
amfbr-132	3	11	of	of	ADP
amfbr-132	3	12	management	management	NOUN
amfbr-132	3	13	sciences	sciences	PROPN
amfbr-132	3	14	,	,	PUNCT
amfbr-132	3	15	university	university	NOUN
amfbr-132	3	16	of	of	ADP
amfbr-132	3	17	lagos	lagos	PROPN
amfbr-132	3	18	,	,	PUNCT
amfbr-132	3	19	akoka	akoka	NOUN
amfbr-132	3	20	,	,	PUNCT
amfbr-132	3	21	lagos	lago	NOUN
amfbr-132	3	22	,	,	PUNCT
amfbr-132	3	23	nigeria,email:udobiphil@yahoo.com	nigeria,email:udobiphil@yahoo.com	X
amfbr-132	3	24	received	receive	VERB
amfbr-132	3	25	:	:	PUNCT
amfbr-132	3	26	may	may	AUX
amfbr-132	3	27	19	19	NUM
amfbr-132	3	28	,	,	PUNCT
amfbr-132	3	29	2018	2018	NUM
amfbr-132	3	30	accepted	accept	VERB
amfbr-132	3	31	:	:	PUNCT
amfbr-132	3	32	may	may	AUX
amfbr-132	3	33	25	25	NUM
amfbr-132	3	34	,	,	PUNCT
amfbr-132	3	35	2018	2018	NUM
amfbr-132	3	36	online	online	ADV
amfbr-132	3	37	published	publish	VERB
amfbr-132	3	38	:	:	PUNCT
amfbr-132	3	39	june	june	PROPN
amfbr-132	3	40	13	13	NUM
amfbr-132	3	41	,	,	PUNCT
amfbr-132	3	42	2018	2018	NUM
amfbr-132	3	43	abstract	abstract	NOUN
amfbr-132	3	44	this	this	DET
amfbr-132	3	45	study	study	NOUN
amfbr-132	3	46	empirically	empirically	ADV
amfbr-132	3	47	tests	test	VERB
amfbr-132	3	48	for	for	ADP
amfbr-132	3	49	the	the	DET
amfbr-132	3	50	validity	validity	NOUN
amfbr-132	3	51	of	of	ADP
amfbr-132	3	52	miller	miller	PROPN
amfbr-132	3	53	and	and	CCONJ
amfbr-132	3	54	modigliani	modigliani	PROPN
amfbr-132	3	55	’s	’s	PART
amfbr-132	3	56	dividend	dividend	NOUN
amfbr-132	3	57	irrelevance	irrelevance	NOUN
amfbr-132	3	58	proposition	proposition	NOUN
amfbr-132	3	59	in	in	ADP
amfbr-132	3	60	the	the	DET
amfbr-132	3	61	nigerian	nigerian	ADJ
amfbr-132	3	62	stock	stock	NOUN
amfbr-132	3	63	exchange	exchange	PROPN
amfbr-132	3	64	(	(	PUNCT
amfbr-132	3	65	nse	nse	NOUN
amfbr-132	3	66	)	)	PUNCT
amfbr-132	3	67	.	.	PUNCT
amfbr-132	4	1	secondary	secondary	ADJ
amfbr-132	4	2	data	datum	NOUN
amfbr-132	4	3	were	be	AUX
amfbr-132	4	4	obtained	obtain	VERB
amfbr-132	4	5	from	from	ADP
amfbr-132	4	6	the	the	DET
amfbr-132	4	7	nigerian	nigerian	ADJ
amfbr-132	4	8	stock	stock	NOUN
amfbr-132	4	9	exchange	exchange	PROPN
amfbr-132	4	10	fact	fact	NOUN
amfbr-132	4	11	book	book	NOUN
amfbr-132	4	12	and	and	CCONJ
amfbr-132	4	13	firms	firm	NOUN
amfbr-132	4	14	’	'	PUNCT
amfbr-132	4	15	annual	annual	ADJ
amfbr-132	4	16	audited	audit	VERB
amfbr-132	4	17	financial	financial	ADJ
amfbr-132	4	18	statements	statement	NOUN
amfbr-132	4	19	for	for	ADP
amfbr-132	4	20	fifteen	fifteen	NUM
amfbr-132	4	21	years	year	NOUN
amfbr-132	4	22	(	(	PUNCT
amfbr-132	4	23	2001	2001	NUM
amfbr-132	4	24	-	-	SYM
amfbr-132	4	25	2015	2015	NUM
amfbr-132	4	26	)	)	PUNCT
amfbr-132	4	27	.	.	PUNCT
amfbr-132	5	1	mediation	mediation	NOUN
amfbr-132	5	2	analyses	analysis	NOUN
amfbr-132	5	3	,	,	PUNCT
amfbr-132	5	4	was	be	AUX
amfbr-132	5	5	used	use	VERB
amfbr-132	5	6	to	to	PART
amfbr-132	5	7	measure	measure	VERB
amfbr-132	5	8	the	the	DET
amfbr-132	5	9	direct	direct	ADJ
amfbr-132	5	10	and	and	CCONJ
amfbr-132	5	11	indirect	indirect	ADJ
amfbr-132	5	12	effects	effect	NOUN
amfbr-132	5	13	of	of	ADP
amfbr-132	5	14	dividend	dividend	NOUN
amfbr-132	5	15	on	on	ADP
amfbr-132	5	16	stock	stock	NOUN
amfbr-132	5	17	price	price	NOUN
amfbr-132	5	18	.	.	PUNCT
amfbr-132	6	1	correction	correction	NOUN
amfbr-132	6	2	of	of	ADP
amfbr-132	6	3	the	the	DET
amfbr-132	6	4	anomalous	anomalous	ADJ
amfbr-132	6	5	use	use	NOUN
amfbr-132	6	6	of	of	ADP
amfbr-132	6	7	current	current	ADJ
amfbr-132	6	8	dividend	dividend	NOUN
amfbr-132	6	9	and	and	CCONJ
amfbr-132	6	10	current	current	ADJ
amfbr-132	6	11	earnings	earning	NOUN
amfbr-132	6	12	by	by	ADP
amfbr-132	6	13	the	the	DET
amfbr-132	6	14	use	use	NOUN
amfbr-132	6	15	of	of	ADP
amfbr-132	6	16	naive	naive	ADJ
amfbr-132	6	17	expectation	expectation	NOUN
amfbr-132	6	18	of	of	ADP
amfbr-132	6	19	dividend	dividend	NOUN
amfbr-132	6	20	and	and	CCONJ
amfbr-132	6	21	earnings	earning	NOUN
amfbr-132	6	22	revealed	reveal	VERB
amfbr-132	6	23	that	that	SCONJ
amfbr-132	6	24	the	the	DET
amfbr-132	6	25	direct	direct	ADJ
amfbr-132	6	26	effect	effect	NOUN
amfbr-132	6	27	of	of	ADP
amfbr-132	6	28	expected	expect	VERB
amfbr-132	6	29	dividend	dividend	NOUN
amfbr-132	6	30	on	on	ADP
amfbr-132	6	31	share	share	NOUN
amfbr-132	6	32	price	price	NOUN
amfbr-132	6	33	is	be	AUX
amfbr-132	6	34	significant	significant	ADJ
amfbr-132	6	35	but	but	CCONJ
amfbr-132	6	36	the	the	DET
amfbr-132	6	37	indirect	indirect	ADJ
amfbr-132	6	38	effect	effect	NOUN
amfbr-132	6	39	of	of	ADP
amfbr-132	6	40	expected	expect	VERB
amfbr-132	6	41	dividend	dividend	NOUN
amfbr-132	6	42	on	on	ADP
amfbr-132	6	43	share	share	NOUN
amfbr-132	6	44	price	price	NOUN
amfbr-132	6	45	through	through	ADP
amfbr-132	6	46	earnings	earning	NOUN
amfbr-132	6	47	is	be	AUX
amfbr-132	6	48	not	not	PART
amfbr-132	6	49	significant	significant	ADJ
amfbr-132	6	50	.	.	PUNCT
amfbr-132	7	1	the	the	DET
amfbr-132	7	2	implication	implication	NOUN
amfbr-132	7	3	of	of	ADP
amfbr-132	7	4	these	these	DET
amfbr-132	7	5	results	result	NOUN
amfbr-132	7	6	is	be	AUX
amfbr-132	7	7	that	that	SCONJ
amfbr-132	7	8	expected	expect	VERB
amfbr-132	7	9	dividend	dividend	NOUN
amfbr-132	7	10	has	have	VERB
amfbr-132	7	11	its	its	PRON
amfbr-132	7	12	unique	unique	ADJ
amfbr-132	7	13	(	(	PUNCT
amfbr-132	7	14	direct	direct	ADJ
amfbr-132	7	15	)	)	PUNCT
amfbr-132	7	16	effect	effect	NOUN
amfbr-132	7	17	on	on	ADP
amfbr-132	7	18	share	share	NOUN
amfbr-132	7	19	price	price	NOUN
amfbr-132	7	20	beyond	beyond	ADP
amfbr-132	7	21	the	the	DET
amfbr-132	7	22	effect	effect	NOUN
amfbr-132	7	23	on	on	ADP
amfbr-132	7	24	share	share	NOUN
amfbr-132	7	25	price	price	NOUN
amfbr-132	7	26	which	which	PRON
amfbr-132	7	27	it	it	PRON
amfbr-132	7	28	shares	share	VERB
amfbr-132	7	29	with	with	ADP
amfbr-132	7	30	expected	expect	VERB
amfbr-132	7	31	earnings	earning	NOUN
amfbr-132	7	32	(	(	PUNCT
amfbr-132	7	33	indirect	indirect	ADJ
amfbr-132	7	34	effect	effect	NOUN
amfbr-132	7	35	)	)	PUNCT
amfbr-132	7	36	.	.	PUNCT
amfbr-132	8	1	this	this	DET
amfbr-132	8	2	conclusion	conclusion	NOUN
amfbr-132	8	3	suggests	suggest	VERB
amfbr-132	8	4	that	that	SCONJ
amfbr-132	8	5	dividend	dividend	NOUN
amfbr-132	8	6	policy	policy	NOUN
amfbr-132	8	7	is	be	AUX
amfbr-132	8	8	relevant	relevant	ADJ
amfbr-132	8	9	in	in	ADP
amfbr-132	8	10	valuation	valuation	NOUN
amfbr-132	8	11	of	of	ADP
amfbr-132	8	12	shares	share	NOUN
amfbr-132	8	13	in	in	ADP
amfbr-132	8	14	nse	nse	NOUN
amfbr-132	8	15	.	.	PUNCT
amfbr-132	9	1	it	it	PRON
amfbr-132	9	2	was	be	AUX
amfbr-132	9	3	therefore	therefore	ADV
amfbr-132	9	4	recommended	recommend	VERB
amfbr-132	9	5	that	that	SCONJ
amfbr-132	9	6	company	company	NOUN
amfbr-132	9	7	management	management	NOUN
amfbr-132	9	8	should	should	AUX
amfbr-132	9	9	treat	treat	VERB
amfbr-132	9	10	dividend	dividend	NOUN
amfbr-132	9	11	as	as	ADP
amfbr-132	9	12	an	an	DET
amfbr-132	9	13	active	active	ADJ
amfbr-132	9	14	corporate	corporate	ADJ
amfbr-132	9	15	finance	finance	NOUN
amfbr-132	9	16	decision	decision	NOUN
amfbr-132	9	17	-	-	PUNCT
amfbr-132	9	18	making	make	VERB
amfbr-132	9	19	variable	variable	NOUN
amfbr-132	9	20	and	and	CCONJ
amfbr-132	9	21	should	should	AUX
amfbr-132	9	22	employ	employ	VERB
amfbr-132	9	23	dividend	dividend	NOUN
amfbr-132	9	24	in	in	ADP
amfbr-132	9	25	information	information	NOUN
amfbr-132	9	26	signalling	signal	VERB
amfbr-132	9	27	to	to	ADP
amfbr-132	9	28	capital	capital	NOUN
amfbr-132	9	29	market	market	NOUN
amfbr-132	9	30	investors	investor	NOUN
amfbr-132	9	31	.	.	PUNCT
amfbr-132	10	1	keywords	keyword	NOUN
amfbr-132	10	2	:	:	PUNCT
amfbr-132	10	3	expected	expect	VERB
amfbr-132	10	4	dividend	dividend	NOUN
amfbr-132	10	5	,	,	PUNCT
amfbr-132	10	6	expected	expect	VERB
amfbr-132	10	7	earnings	earning	NOUN
amfbr-132	10	8	,	,	PUNCT
amfbr-132	10	9	share	share	NOUN
amfbr-132	10	10	price	price	NOUN
amfbr-132	10	11	,	,	PUNCT
amfbr-132	10	12	mediation	mediation	NOUN
amfbr-132	10	13	,	,	PUNCT
amfbr-132	10	14	relevance	relevance	NOUN
amfbr-132	10	15	,	,	PUNCT
amfbr-132	10	16	irrelevance	irrelevance	NOUN
amfbr-132	10	17	.	.	PUNCT
amfbr-132	11	1	1	1	X
amfbr-132	11	2	.	.	X
amfbr-132	11	3	introduction	introduction	NOUN
amfbr-132	11	4	dividend	dividend	NOUN
amfbr-132	11	5	policy	policy	NOUN
amfbr-132	11	6	is	be	AUX
amfbr-132	11	7	a	a	DET
amfbr-132	11	8	major	major	ADJ
amfbr-132	11	9	tool	tool	NOUN
amfbr-132	11	10	in	in	ADP
amfbr-132	11	11	decision	decision	NOUN
amfbr-132	11	12	making	making	NOUN
amfbr-132	11	13	by	by	ADP
amfbr-132	11	14	corporate	corporate	ADJ
amfbr-132	11	15	managers	manager	NOUN
amfbr-132	11	16	.	.	PUNCT
amfbr-132	12	1	it	it	PRON
amfbr-132	12	2	has	have	AUX
amfbr-132	12	3	received	receive	VERB
amfbr-132	12	4	keen	keen	ADJ
amfbr-132	12	5	interest	interest	NOUN
amfbr-132	12	6	from	from	ADP
amfbr-132	12	7	scholars	scholar	NOUN
amfbr-132	12	8	and	and	CCONJ
amfbr-132	12	9	researchers	researcher	NOUN
amfbr-132	12	10	worldwide	worldwide	ADV
amfbr-132	12	11	and	and	CCONJ
amfbr-132	12	12	this	this	PRON
amfbr-132	12	13	has	have	AUX
amfbr-132	12	14	led	lead	VERB
amfbr-132	12	15	to	to	ADP
amfbr-132	12	16	the	the	DET
amfbr-132	12	17	formulation	formulation	NOUN
amfbr-132	12	18	of	of	ADP
amfbr-132	12	19	many	many	ADJ
amfbr-132	12	20	theoretical	theoretical	ADJ
amfbr-132	12	21	models	model	NOUN
amfbr-132	12	22	and	and	CCONJ
amfbr-132	12	23	testing	testing	NOUN
amfbr-132	12	24	of	of	ADP
amfbr-132	12	25	various	various	ADJ
amfbr-132	12	26	variables	variable	NOUN
amfbr-132	12	27	.	.	PUNCT
amfbr-132	13	1	huda	huda	PROPN
amfbr-132	13	2	and	and	CCONJ
amfbr-132	13	3	farah	farah	PROPN
amfbr-132	13	4	(	(	PUNCT
amfbr-132	13	5	2011	2011	NUM
amfbr-132	13	6	)	)	PUNCT
amfbr-132	13	7	affirmed	affirm	VERB
amfbr-132	13	8	that	that	SCONJ
amfbr-132	13	9	the	the	DET
amfbr-132	13	10	development	development	NOUN
amfbr-132	13	11	of	of	ADP
amfbr-132	13	12	theoretical	theoretical	ADJ
amfbr-132	13	13	models	model	NOUN
amfbr-132	13	14	and	and	CCONJ
amfbr-132	13	15	variables	variable	NOUN
amfbr-132	13	16	has	have	AUX
amfbr-132	13	17	helped	help	VERB
amfbr-132	13	18	in	in	ADP
amfbr-132	13	19	determining	determine	VERB
amfbr-132	13	20	the	the	DET
amfbr-132	13	21	factors	factor	NOUN
amfbr-132	13	22	that	that	PRON
amfbr-132	13	23	assists	assist	VERB
amfbr-132	13	24	managers	manager	NOUN
amfbr-132	13	25	in	in	ADP
amfbr-132	13	26	dividend	dividend	NOUN
amfbr-132	13	27	policy	policy	NOUN
amfbr-132	13	28	decision	decision	NOUN
amfbr-132	13	29	making	making	NOUN
amfbr-132	13	30	.	.	PUNCT
amfbr-132	14	1	adesina	adesina	PROPN
amfbr-132	14	2	,	,	PUNCT
amfbr-132	14	3	uwuigbe	uwuigbe	NOUN
amfbr-132	14	4	,	,	PUNCT
amfbr-132	14	5	uwuigbe	uwuigbe	NOUN
amfbr-132	14	6	,	,	PUNCT
amfbr-132	14	7	asiriuwa	asiriuwa	ADJ
amfbr-132	14	8	and	and	CCONJ
amfbr-132	14	9	oriabe	oriabe	PROPN
amfbr-132	14	10	(	(	PUNCT
amfbr-132	14	11	2017	2017	NUM
amfbr-132	14	12	)	)	PUNCT
amfbr-132	14	13	suggested	suggest	VERB
amfbr-132	14	14	that	that	SCONJ
amfbr-132	14	15	corporate	corporate	ADJ
amfbr-132	14	16	managers	manager	NOUN
amfbr-132	14	17	should	should	AUX
amfbr-132	14	18	use	use	VERB
amfbr-132	14	19	dividend	dividend	NOUN
amfbr-132	14	20	as	as	ADP
amfbr-132	14	21	a	a	DET
amfbr-132	14	22	vital	vital	ADJ
amfbr-132	14	23	tool	tool	NOUN
amfbr-132	14	24	in	in	ADP
amfbr-132	14	25	their	their	PRON
amfbr-132	14	26	firm	firm	NOUN
amfbr-132	14	27	’s	’s	PART
amfbr-132	14	28	decision	decision	NOUN
amfbr-132	14	29	making	making	NOUN
amfbr-132	14	30	.	.	PUNCT
amfbr-132	15	1	this	this	DET
amfbr-132	15	2	suggestion	suggestion	NOUN
amfbr-132	15	3	is	be	AUX
amfbr-132	15	4	contrary	contrary	ADJ
amfbr-132	15	5	to	to	ADP
amfbr-132	15	6	the	the	DET
amfbr-132	15	7	finding	finding	NOUN
amfbr-132	15	8	of	of	ADP
amfbr-132	15	9	their	their	PRON
amfbr-132	15	10	study	study	NOUN
amfbr-132	15	11	that	that	DET
amfbr-132	15	12	dividend	dividend	NOUN
amfbr-132	15	13	does	do	AUX
amfbr-132	15	14	not	not	PART
amfbr-132	15	15	have	have	VERB
amfbr-132	15	16	influence	influence	NOUN
amfbr-132	15	17	on	on	ADP
amfbr-132	15	18	firm	firm	NOUN
amfbr-132	15	19	’s	’s	PART
amfbr-132	15	20	value	value	NOUN
amfbr-132	15	21	.	.	PUNCT
amfbr-132	16	1	the	the	DET
amfbr-132	16	2	dividend	dividend	NOUN
amfbr-132	16	3	relevance	relevance	NOUN
amfbr-132	16	4	theory	theory	NOUN
amfbr-132	16	5	posited	posit	VERB
amfbr-132	16	6	by	by	ADP
amfbr-132	16	7	lintner	lintner	NOUN
amfbr-132	16	8	(	(	PUNCT
amfbr-132	16	9	1956	1956	NUM
amfbr-132	16	10	)	)	PUNCT
amfbr-132	16	11	and	and	CCONJ
amfbr-132	16	12	dividend	dividend	NOUN
amfbr-132	16	13	irrelevance	irrelevance	NOUN
amfbr-132	16	14	theory	theory	NOUN
amfbr-132	16	15	posited	posit	VERB
amfbr-132	16	16	by	by	ADP
amfbr-132	16	17	miller	miller	PROPN
amfbr-132	16	18	and	and	CCONJ
amfbr-132	16	19	modigliani	modigliani	PROPN
amfbr-132	16	20	(	(	PUNCT
amfbr-132	16	21	1961	1961	NUM
amfbr-132	16	22	)	)	PUNCT
amfbr-132	16	23	are	be	AUX
amfbr-132	16	24	the	the	DET
amfbr-132	16	25	major	major	ADJ
amfbr-132	16	26	contending	contend	VERB
amfbr-132	16	27	theories	theory	NOUN
amfbr-132	16	28	on	on	ADP
amfbr-132	16	29	dividend	dividend	NOUN
amfbr-132	16	30	policy	policy	NOUN
amfbr-132	16	31	and	and	CCONJ
amfbr-132	16	32	its	its	PRON
amfbr-132	16	33	impact	impact	NOUN
amfbr-132	16	34	on	on	ADP
amfbr-132	16	35	share	share	NOUN
amfbr-132	16	36	price	price	NOUN
amfbr-132	16	37	.	.	PUNCT
amfbr-132	17	1	the	the	DET
amfbr-132	17	2	arguments	argument	NOUN
amfbr-132	17	3	and	and	CCONJ
amfbr-132	17	4	assertions	assertion	NOUN
amfbr-132	17	5	of	of	ADP
amfbr-132	17	6	these	these	DET
amfbr-132	17	7	theories	theory	NOUN
amfbr-132	17	8	did	do	AUX
amfbr-132	17	9	not	not	PART
amfbr-132	17	10	rule	rule	VERB
amfbr-132	17	11	out	out	ADP
amfbr-132	17	12	the	the	DET
amfbr-132	17	13	influence	influence	NOUN
amfbr-132	17	14	of	of	ADP
amfbr-132	17	15	earnings	earning	NOUN
amfbr-132	17	16	on	on	ADP
amfbr-132	17	17	firms	firm	NOUN
amfbr-132	17	18	’	’	PART
amfbr-132	17	19	share	share	NOUN
amfbr-132	17	20	prices	price	NOUN
amfbr-132	17	21	.	.	PUNCT
amfbr-132	18	1	the	the	DET
amfbr-132	18	2	dividend	dividend	NOUN
amfbr-132	18	3	relevance	relevance	NOUN
amfbr-132	18	4	theory	theory	NOUN
amfbr-132	18	5	agrees	agree	VERB
amfbr-132	18	6	that	that	SCONJ
amfbr-132	18	7	despite	despite	SCONJ
amfbr-132	18	8	the	the	DET
amfbr-132	18	9	direct	direct	ADJ
amfbr-132	18	10	relationship	relationship	NOUN
amfbr-132	18	11	between	between	ADP
amfbr-132	18	12	dividend	dividend	NOUN
amfbr-132	18	13	and	and	CCONJ
amfbr-132	18	14	share	share	NOUN
amfbr-132	18	15	price	price	NOUN
amfbr-132	18	16	,	,	PUNCT
amfbr-132	18	17	there	there	PRON
amfbr-132	18	18	is	be	VERB
amfbr-132	18	19	still	still	ADV
amfbr-132	18	20	a	a	DET
amfbr-132	18	21	possibility	possibility	NOUN
amfbr-132	18	22	of	of	ADP
amfbr-132	18	23	an	an	DET
amfbr-132	18	24	indirect	indirect	ADJ
amfbr-132	18	25	effect	effect	NOUN
amfbr-132	18	26	of	of	ADP
amfbr-132	18	27	dividend	dividend	NOUN
amfbr-132	18	28	on	on	ADP
amfbr-132	18	29	share	share	NOUN
amfbr-132	18	30	price	price	NOUN
amfbr-132	18	31	through	through	ADP
amfbr-132	18	32	earnings	earning	NOUN
amfbr-132	18	33	while	while	SCONJ
amfbr-132	18	34	the	the	DET
amfbr-132	18	35	dividend	dividend	NOUN
amfbr-132	18	36	irrelevance	irrelevance	NOUN
amfbr-132	18	37	theory	theory	NOUN
amfbr-132	18	38	argues	argue	VERB
amfbr-132	18	39	that	that	SCONJ
amfbr-132	18	40	the	the	DET
amfbr-132	18	41	relationship	relationship	NOUN
amfbr-132	18	42	that	that	PRON
amfbr-132	18	43	dividend	dividend	NOUN
amfbr-132	18	44	tends	tend	VERB
amfbr-132	18	45	to	to	PART
amfbr-132	18	46	have	have	VERB
amfbr-132	18	47	on	on	ADP
amfbr-132	18	48	share	share	NOUN
amfbr-132	18	49	price	price	NOUN
amfbr-132	18	50	is	be	AUX
amfbr-132	18	51	as	as	ADP
amfbr-132	18	52	a	a	DET
amfbr-132	18	53	result	result	NOUN
amfbr-132	18	54	of	of	ADP
amfbr-132	18	55	its	its	PRON
amfbr-132	18	56	relationship	relationship	NOUN
amfbr-132	18	57	with	with	ADP
amfbr-132	18	58	firms	firm	NOUN
amfbr-132	18	59	’	'	PUNCT
amfbr-132	18	60	future	future	ADJ
amfbr-132	18	61	earnings	earning	NOUN
amfbr-132	18	62	.	.	PUNCT
amfbr-132	19	1	thus	thus	ADV
amfbr-132	19	2	,	,	PUNCT
amfbr-132	19	3	the	the	DET
amfbr-132	19	4	impact	impact	NOUN
amfbr-132	19	5	of	of	ADP
amfbr-132	19	6	dividend	dividend	NOUN
amfbr-132	19	7	on	on	ADP
amfbr-132	19	8	share	share	NOUN
amfbr-132	19	9	price	price	NOUN
amfbr-132	19	10	is	be	AUX
amfbr-132	19	11	not	not	PART
amfbr-132	19	12	direct	direct	ADJ
amfbr-132	19	13	but	but	CCONJ
amfbr-132	19	14	only	only	ADV
amfbr-132	19	15	indirect	indirect	ADJ
amfbr-132	19	16	.	.	PUNCT
amfbr-132	20	1	in	in	ADP
amfbr-132	20	2	the	the	DET
amfbr-132	20	3	light	light	NOUN
amfbr-132	20	4	of	of	ADP
amfbr-132	20	5	the	the	DET
amfbr-132	20	6	above	above	ADJ
amfbr-132	20	7	arguments	argument	NOUN
amfbr-132	20	8	,	,	PUNCT
amfbr-132	20	9	various	various	ADJ
amfbr-132	20	10	studies	study	NOUN
amfbr-132	20	11	’	'	PUNCT
amfbr-132	20	12	all	all	ADV
amfbr-132	20	13	over	over	ADP
amfbr-132	20	14	the	the	DET
amfbr-132	20	15	world	world	NOUN
amfbr-132	20	16	’s	’s	PART
amfbr-132	20	17	stock	stock	NOUN
amfbr-132	20	18	market	market	NOUN
amfbr-132	20	19	has	have	AUX
amfbr-132	20	20	tried	try	VERB
amfbr-132	20	21	to	to	PART
amfbr-132	20	22	test	test	VERB
amfbr-132	20	23	for	for	ADP
amfbr-132	20	24	the	the	DET
amfbr-132	20	25	validity	validity	NOUN
amfbr-132	20	26	of	of	ADP
amfbr-132	20	27	dividend	dividend	NOUN
amfbr-132	20	28	policy	policy	NOUN
amfbr-132	20	29	irrelevance	irrelevance	NOUN
amfbr-132	20	30	with	with	ADP
amfbr-132	20	31	no	no	DET
amfbr-132	20	32	consensus	consensus	NOUN
amfbr-132	20	33	.	.	PUNCT
amfbr-132	21	1	some	some	PRON
amfbr-132	21	2	of	of	ADP
amfbr-132	21	3	the	the	DET
amfbr-132	21	4	challenges	challenge	NOUN
amfbr-132	21	5	in	in	ADP
amfbr-132	21	6	the	the	DET
amfbr-132	21	7	previous	previous	ADJ
amfbr-132	21	8	empirical	empirical	ADJ
amfbr-132	21	9	tests	test	NOUN
amfbr-132	21	10	of	of	ADP
amfbr-132	21	11	the	the	DET
amfbr-132	21	12	effects	effect	NOUN
amfbr-132	21	13	of	of	ADP
amfbr-132	21	14	dividend	dividend	NOUN
amfbr-132	21	15	on	on	ADP
amfbr-132	21	16	share	share	NOUN
amfbr-132	21	17	price	price	NOUN
amfbr-132	21	18	include	include	VERB
amfbr-132	21	19	the	the	DET
amfbr-132	21	20	inaccurate	inaccurate	ADJ
amfbr-132	21	21	measurement	measurement	NOUN
amfbr-132	21	22	and	and	CCONJ
amfbr-132	21	23	definition	definition	NOUN
amfbr-132	21	24	of	of	ADP
amfbr-132	21	25	the	the	DET
amfbr-132	21	26	earnings	earning	NOUN
amfbr-132	21	27	variable	variable	NOUN
amfbr-132	21	28	which	which	PRON
amfbr-132	21	29	is	be	AUX
amfbr-132	21	30	the	the	DET
amfbr-132	21	31	unobservable	unobservable	ADJ
amfbr-132	21	32	but	but	CCONJ
amfbr-132	21	33	key	key	ADJ
amfbr-132	21	34	variable	variable	NOUN
amfbr-132	21	35	in	in	ADP
amfbr-132	21	36	mm	mm	PROPN
amfbr-132	21	37	(	(	PUNCT
amfbr-132	21	38	1961	1961	NUM
amfbr-132	21	39	)	)	PUNCT
amfbr-132	21	40	dividend	dividend	NOUN
amfbr-132	21	41	irrelevance	irrelevance	NOUN
amfbr-132	21	42	proposition	proposition	NOUN
amfbr-132	21	43	.	.	PUNCT
amfbr-132	22	1	amadasun	amadasun	PROPN
amfbr-132	22	2	,	,	PUNCT
amfbr-132	22	3	(	(	PUNCT
amfbr-132	22	4	2011	2011	NUM
amfbr-132	22	5	)	)	PUNCT
amfbr-132	22	6	;	;	PUNCT
amfbr-132	22	7	toby	toby	PROPN
amfbr-132	22	8	,	,	PUNCT
amfbr-132	22	9	(	(	PUNCT
amfbr-132	22	10	2014	2014	NUM
amfbr-132	22	11	)	)	PUNCT
amfbr-132	22	12	stated	state	VERB
amfbr-132	22	13	that	that	SCONJ
amfbr-132	22	14	the	the	DET
amfbr-132	22	15	use	use	NOUN
amfbr-132	22	16	of	of	ADP
amfbr-132	22	17	current	current	ADJ
amfbr-132	22	18	dividend	dividend	NOUN
amfbr-132	22	19	and	and	CCONJ
amfbr-132	22	20	current	current	ADJ
amfbr-132	22	21	earnings	earning	NOUN
amfbr-132	22	22	in	in	ADP
amfbr-132	22	23	some	some	DET
amfbr-132	22	24	previous	previous	ADJ
amfbr-132	22	25	tests	test	NOUN
amfbr-132	22	26	of	of	ADP
amfbr-132	22	27	dividend	dividend	NOUN
amfbr-132	22	28	irrelevance	irrelevance	NOUN
amfbr-132	22	29	gave	give	VERB
amfbr-132	22	30	erroneous	erroneous	ADJ
amfbr-132	22	31	results	result	NOUN
amfbr-132	22	32	that	that	PRON
amfbr-132	22	33	led	lead	VERB
amfbr-132	22	34	to	to	ADP
amfbr-132	22	35	the	the	DET
amfbr-132	22	36	conclusion	conclusion	NOUN
amfbr-132	22	37	that	that	SCONJ
amfbr-132	22	38	dividend	dividend	NOUN
amfbr-132	22	39	is	be	AUX
amfbr-132	22	40	irrelevant	irrelevant	ADJ
amfbr-132	22	41	in	in	ADP
amfbr-132	22	42	the	the	DET
amfbr-132	22	43	valuation	valuation	NOUN
amfbr-132	22	44	of	of	ADP
amfbr-132	22	45	share	share	NOUN
amfbr-132	22	46	price	price	NOUN
amfbr-132	22	47	.	.	PUNCT
amfbr-132	23	1	udobi	udobi	NOUN
amfbr-132	23	2	(	(	PUNCT
amfbr-132	23	3	2016	2016	NUM
amfbr-132	23	4	)	)	PUNCT
amfbr-132	23	5	asserted	assert	VERB
amfbr-132	23	6	that	that	SCONJ
amfbr-132	23	7	the	the	DET
amfbr-132	23	8	use	use	NOUN
amfbr-132	23	9	of	of	ADP
amfbr-132	23	10	current	current	ADJ
amfbr-132	23	11	dividend	dividend	NOUN
amfbr-132	23	12	and	and	CCONJ
amfbr-132	23	13	current	current	ADJ
amfbr-132	23	14	earnings	earning	NOUN
amfbr-132	23	15	is	be	AUX
amfbr-132	23	16	flawed	flawed	ADJ
amfbr-132	23	17	because	because	SCONJ
amfbr-132	23	18	share	share	NOUN
amfbr-132	23	19	price	price	NOUN
amfbr-132	23	20	is	be	AUX
amfbr-132	23	21	determined	determine	VERB
amfbr-132	23	22	by	by	ADP
amfbr-132	23	23	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	23	24	american	american	PROPN
amfbr-132	23	25	finance	finance	PROPN
amfbr-132	23	26	&	&	CCONJ
amfbr-132	23	27	banking	banking	PROPN
amfbr-132	23	28	review	review	PROPN
amfbr-132	23	29	vol	vol	NOUN
amfbr-132	23	30	.	.	PROPN
amfbr-132	24	1	2	2	NUM
amfbr-132	24	2	,	,	PUNCT
amfbr-132	24	3	no	no	INTJ
amfbr-132	24	4	.	.	NOUN
amfbr-132	24	5	2	2	NUM
amfbr-132	24	6	;	;	PUNCT
amfbr-132	24	7	2018	2018	NUM
amfbr-132	24	8	2	2	NUM
amfbr-132	24	9	ex	ex	NOUN
amfbr-132	24	10	-	-	NOUN
amfbr-132	24	11	ante	ante	NOUN
amfbr-132	24	12	(	(	PUNCT
amfbr-132	24	13	expected	expect	VERB
amfbr-132	24	14	/	/	SYM
amfbr-132	24	15	future	future	ADJ
amfbr-132	24	16	)	)	PUNCT
amfbr-132	24	17	information	information	NOUN
amfbr-132	24	18	on	on	ADP
amfbr-132	24	19	determinant	determinant	ADJ
amfbr-132	24	20	variables	variable	NOUN
amfbr-132	24	21	including	include	VERB
amfbr-132	24	22	dividend	dividend	NOUN
amfbr-132	24	23	and	and	CCONJ
amfbr-132	24	24	earnings	earning	NOUN
amfbr-132	24	25	and	and	CCONJ
amfbr-132	24	26	not	not	PART
amfbr-132	24	27	ex	ex	NOUN
amfbr-132	24	28	-	-	NOUN
amfbr-132	24	29	post	post	ADJ
amfbr-132	24	30	(	(	PUNCT
amfbr-132	24	31	current	current	ADJ
amfbr-132	24	32	)	)	PUNCT
amfbr-132	24	33	information	information	NOUN
amfbr-132	24	34	such	such	ADJ
amfbr-132	24	35	as	as	ADP
amfbr-132	24	36	current	current	ADJ
amfbr-132	24	37	dividend	dividend	NOUN
amfbr-132	24	38	and	and	CCONJ
amfbr-132	24	39	current	current	ADJ
amfbr-132	24	40	earnings	earning	NOUN
amfbr-132	24	41	.	.	PUNCT
amfbr-132	25	1	another	another	DET
amfbr-132	25	2	limitation	limitation	NOUN
amfbr-132	25	3	in	in	ADP
amfbr-132	25	4	previous	previous	ADJ
amfbr-132	25	5	studies	study	NOUN
amfbr-132	25	6	is	be	AUX
amfbr-132	25	7	the	the	DET
amfbr-132	25	8	methodology	methodology	NOUN
amfbr-132	25	9	used	use	VERB
amfbr-132	25	10	and	and	CCONJ
amfbr-132	25	11	its	its	PRON
amfbr-132	25	12	inability	inability	NOUN
amfbr-132	25	13	to	to	PART
amfbr-132	25	14	decompose	decompose	VERB
amfbr-132	25	15	the	the	DET
amfbr-132	25	16	total	total	ADJ
amfbr-132	25	17	effect	effect	NOUN
amfbr-132	25	18	of	of	ADP
amfbr-132	25	19	dividend	dividend	NOUN
amfbr-132	25	20	on	on	ADP
amfbr-132	25	21	share	share	NOUN
amfbr-132	25	22	price	price	NOUN
amfbr-132	25	23	into	into	ADP
amfbr-132	25	24	direct	direct	ADJ
amfbr-132	25	25	and	and	CCONJ
amfbr-132	25	26	indirect	indirect	ADJ
amfbr-132	25	27	effects	effect	NOUN
amfbr-132	25	28	.	.	PUNCT
amfbr-132	26	1	in	in	ADP
amfbr-132	26	2	particular	particular	ADJ
amfbr-132	26	3	,	,	PUNCT
amfbr-132	26	4	is	be	AUX
amfbr-132	26	5	the	the	DET
amfbr-132	26	6	inability	inability	NOUN
amfbr-132	26	7	of	of	ADP
amfbr-132	26	8	a	a	DET
amfbr-132	26	9	methodology	methodology	NOUN
amfbr-132	26	10	to	to	PART
amfbr-132	26	11	isolate	isolate	VERB
amfbr-132	26	12	the	the	DET
amfbr-132	26	13	direct	direct	ADJ
amfbr-132	26	14	effect	effect	NOUN
amfbr-132	26	15	from	from	ADP
amfbr-132	26	16	the	the	DET
amfbr-132	26	17	indirect	indirect	ADJ
amfbr-132	26	18	effect	effect	NOUN
amfbr-132	26	19	which	which	PRON
amfbr-132	26	20	it	it	PRON
amfbr-132	26	21	shares	share	VERB
amfbr-132	26	22	with	with	ADP
amfbr-132	26	23	earnings	earning	NOUN
amfbr-132	26	24	?	?	PUNCT
amfbr-132	27	1	this	this	DET
amfbr-132	27	2	study	study	NOUN
amfbr-132	27	3	revisits	revisit	VERB
amfbr-132	27	4	the	the	DET
amfbr-132	27	5	miller	miller	NOUN
amfbr-132	27	6	and	and	CCONJ
amfbr-132	27	7	modigliani	modigliani	PROPN
amfbr-132	27	8	’s	’s	PART
amfbr-132	27	9	(	(	PUNCT
amfbr-132	27	10	1961	1961	NUM
amfbr-132	27	11	)	)	PUNCT
amfbr-132	27	12	dividend	dividend	NOUN
amfbr-132	27	13	irrelevance	irrelevance	NOUN
amfbr-132	27	14	proposition	proposition	NOUN
amfbr-132	27	15	.	.	PUNCT
amfbr-132	28	1	it	it	PRON
amfbr-132	28	2	objective	objective	NOUN
amfbr-132	28	3	is	be	AUX
amfbr-132	28	4	to	to	PART
amfbr-132	28	5	overcome	overcome	VERB
amfbr-132	28	6	some	some	PRON
amfbr-132	28	7	of	of	ADP
amfbr-132	28	8	the	the	DET
amfbr-132	28	9	limitations	limitation	NOUN
amfbr-132	28	10	in	in	ADP
amfbr-132	28	11	previous	previous	ADJ
amfbr-132	28	12	studies	study	NOUN
amfbr-132	28	13	and	and	CCONJ
amfbr-132	28	14	to	to	PART
amfbr-132	28	15	determine	determine	VERB
amfbr-132	28	16	if	if	SCONJ
amfbr-132	28	17	an	an	DET
amfbr-132	28	18	m&m	m&m	NOUN
amfbr-132	28	19	dividend	dividend	NOUN
amfbr-132	28	20	irrelevance	irrelevance	NOUN
amfbr-132	28	21	proposition	proposition	NOUN
amfbr-132	28	22	is	be	AUX
amfbr-132	28	23	applicable	applicable	ADJ
amfbr-132	28	24	in	in	ADP
amfbr-132	28	25	the	the	DET
amfbr-132	28	26	nigerian	nigerian	ADJ
amfbr-132	28	27	stock	stock	NOUN
amfbr-132	28	28	market	market	NOUN
amfbr-132	28	29	.	.	PUNCT
amfbr-132	29	1	2	2	X
amfbr-132	29	2	.	.	X
amfbr-132	29	3	review	review	NOUN
amfbr-132	29	4	of	of	ADP
amfbr-132	29	5	existing	exist	VERB
amfbr-132	29	6	literature	literature	NOUN
amfbr-132	29	7	dividend	dividend	NOUN
amfbr-132	29	8	relevance	relevance	NOUN
amfbr-132	29	9	miller	miller	NOUN
amfbr-132	29	10	and	and	CCONJ
amfbr-132	29	11	modigliani	modigliani	PROPN
amfbr-132	29	12	(	(	PUNCT
amfbr-132	29	13	1961	1961	NUM
amfbr-132	29	14	)	)	PUNCT
amfbr-132	29	15	arguments	argument	NOUN
amfbr-132	29	16	emphasized	emphasize	VERB
amfbr-132	29	17	that	that	SCONJ
amfbr-132	29	18	the	the	DET
amfbr-132	29	19	impact	impact	NOUN
amfbr-132	29	20	that	that	PRON
amfbr-132	29	21	dividend	dividend	NOUN
amfbr-132	29	22	has	have	VERB
amfbr-132	29	23	on	on	ADP
amfbr-132	29	24	share	share	NOUN
amfbr-132	29	25	price	price	NOUN
amfbr-132	29	26	is	be	AUX
amfbr-132	29	27	due	due	ADJ
amfbr-132	29	28	to	to	ADP
amfbr-132	29	29	its	its	PRON
amfbr-132	29	30	information	information	NOUN
amfbr-132	29	31	contents	content	NOUN
amfbr-132	29	32	about	about	ADP
amfbr-132	29	33	future	future	ADJ
amfbr-132	29	34	earnings	earning	NOUN
amfbr-132	29	35	which	which	PRON
amfbr-132	29	36	is	be	AUX
amfbr-132	29	37	the	the	DET
amfbr-132	29	38	real	real	ADJ
amfbr-132	29	39	determinant	determinant	ADJ
amfbr-132	29	40	of	of	ADP
amfbr-132	29	41	share	share	NOUN
amfbr-132	29	42	price	price	NOUN
amfbr-132	29	43	.	.	PUNCT
amfbr-132	30	1	black	black	ADJ
amfbr-132	30	2	and	and	CCONJ
amfbr-132	30	3	scholes	schole	NOUN
amfbr-132	30	4	(	(	PUNCT
amfbr-132	30	5	1974	1974	NUM
amfbr-132	30	6	)	)	PUNCT
amfbr-132	30	7	investigated	investigate	VERB
amfbr-132	30	8	the	the	DET
amfbr-132	30	9	impact	impact	NOUN
amfbr-132	30	10	of	of	ADP
amfbr-132	30	11	dividend	dividend	NOUN
amfbr-132	30	12	policy	policy	NOUN
amfbr-132	30	13	on	on	ADP
amfbr-132	30	14	firm	firm	NOUN
amfbr-132	30	15	’s	’s	PART
amfbr-132	30	16	value	value	NOUN
amfbr-132	30	17	of	of	ADP
amfbr-132	30	18	companies	company	NOUN
amfbr-132	30	19	listed	list	VERB
amfbr-132	30	20	in	in	ADP
amfbr-132	30	21	new	new	PROPN
amfbr-132	30	22	york	york	PROPN
amfbr-132	30	23	stock	stock	PROPN
amfbr-132	30	24	exchange	exchange	PROPN
amfbr-132	30	25	.	.	PUNCT
amfbr-132	31	1	capital	capital	NOUN
amfbr-132	31	2	asset	asset	NOUN
amfbr-132	31	3	pricing	pricing	NOUN
amfbr-132	31	4	model	model	NOUN
amfbr-132	31	5	(	(	PUNCT
amfbr-132	31	6	capm	capm	PROPN
amfbr-132	31	7	)	)	PUNCT
amfbr-132	31	8	was	be	AUX
amfbr-132	31	9	used	use	VERB
amfbr-132	31	10	to	to	PART
amfbr-132	31	11	analyze	analyze	VERB
amfbr-132	31	12	five	five	NUM
amfbr-132	31	13	years	year	NOUN
amfbr-132	31	14	secondary	secondary	ADJ
amfbr-132	31	15	data	datum	NOUN
amfbr-132	31	16	(	(	PUNCT
amfbr-132	31	17	share	share	NOUN
amfbr-132	31	18	prices	price	NOUN
amfbr-132	31	19	and	and	CCONJ
amfbr-132	31	20	dividend	dividend	NOUN
amfbr-132	31	21	)	)	PUNCT
amfbr-132	31	22	of	of	ADP
amfbr-132	31	23	twenty	twenty	NUM
amfbr-132	31	24	five	five	NUM
amfbr-132	31	25	quoted	quote	VERB
amfbr-132	31	26	firms	firm	NOUN
amfbr-132	31	27	.	.	PUNCT
amfbr-132	32	1	they	they	PRON
amfbr-132	32	2	concluded	conclude	VERB
amfbr-132	32	3	that	that	SCONJ
amfbr-132	32	4	dividend	dividend	NOUN
amfbr-132	32	5	policy	policy	NOUN
amfbr-132	32	6	of	of	ADP
amfbr-132	32	7	firms	firm	NOUN
amfbr-132	32	8	has	have	VERB
amfbr-132	32	9	no	no	DET
amfbr-132	32	10	impact	impact	NOUN
amfbr-132	32	11	on	on	ADP
amfbr-132	32	12	their	their	PRON
amfbr-132	32	13	stock	stock	NOUN
amfbr-132	32	14	price	price	NOUN
amfbr-132	32	15	.	.	PUNCT
amfbr-132	33	1	on	on	ADP
amfbr-132	33	2	the	the	DET
amfbr-132	33	3	contrary	contrary	NOUN
amfbr-132	33	4	,	,	PUNCT
amfbr-132	33	5	aharony	aharony	NOUN
amfbr-132	33	6	and	and	CCONJ
amfbr-132	33	7	swary	swary	ADJ
amfbr-132	33	8	(	(	PUNCT
amfbr-132	33	9	1980	1980	NUM
amfbr-132	33	10	)	)	PUNCT
amfbr-132	33	11	applied	apply	VERB
amfbr-132	33	12	the	the	DET
amfbr-132	33	13	naïve	naïve	ADJ
amfbr-132	33	14	expectation	expectation	NOUN
amfbr-132	33	15	model	model	NOUN
amfbr-132	33	16	of	of	ADP
amfbr-132	33	17	quarterly	quarterly	ADJ
amfbr-132	33	18	dividend	dividend	NOUN
amfbr-132	33	19	and	and	CCONJ
amfbr-132	33	20	earnings	earning	NOUN
amfbr-132	33	21	and	and	CCONJ
amfbr-132	33	22	found	find	VERB
amfbr-132	33	23	that	that	SCONJ
amfbr-132	33	24	share	share	NOUN
amfbr-132	33	25	prices	price	NOUN
amfbr-132	33	26	react	react	VERB
amfbr-132	33	27	to	to	PART
amfbr-132	33	28	increase	increase	VERB
amfbr-132	33	29	in	in	ADP
amfbr-132	33	30	dividend	dividend	NOUN
amfbr-132	33	31	payment	payment	NOUN
amfbr-132	33	32	,	,	PUNCT
amfbr-132	33	33	coincident	coincident	NOUN
amfbr-132	33	34	with	with	ADP
amfbr-132	33	35	earnings	earning	NOUN
amfbr-132	33	36	announcement	announcement	NOUN
amfbr-132	33	37	.	.	PUNCT
amfbr-132	34	1	their	their	PRON
amfbr-132	34	2	finding	finding	NOUN
amfbr-132	34	3	corroborates	corroborate	VERB
amfbr-132	34	4	dividend	dividend	NOUN
amfbr-132	34	5	relevance	relevance	NOUN
amfbr-132	34	6	proposition	proposition	NOUN
amfbr-132	34	7	.	.	PUNCT
amfbr-132	35	1	de	de	X
amfbr-132	35	2	angelo	angelo	PROPN
amfbr-132	35	3	and	and	CCONJ
amfbr-132	35	4	de	de	X
amfbr-132	35	5	angelo	angelo	PROPN
amfbr-132	35	6	(	(	PUNCT
amfbr-132	35	7	2006	2006	NUM
amfbr-132	35	8	)	)	PUNCT
amfbr-132	35	9	also	also	ADV
amfbr-132	35	10	found	find	VERB
amfbr-132	35	11	that	that	SCONJ
amfbr-132	35	12	the	the	DET
amfbr-132	35	13	information	information	NOUN
amfbr-132	35	14	content	content	NOUN
amfbr-132	35	15	of	of	ADP
amfbr-132	35	16	dividend	dividend	NOUN
amfbr-132	35	17	is	be	AUX
amfbr-132	35	18	highly	highly	ADV
amfbr-132	35	19	relevant	relevant	ADJ
amfbr-132	35	20	.	.	PUNCT
amfbr-132	36	1	adefila	adefila	NOUN
amfbr-132	36	2	,	,	PUNCT
amfbr-132	36	3	oladipo	oladipo	NOUN
amfbr-132	36	4	and	and	CCONJ
amfbr-132	36	5	adeoti	adeoti	PROPN
amfbr-132	36	6	(	(	PUNCT
amfbr-132	36	7	2004	2004	NUM
amfbr-132	36	8	)	)	PUNCT
amfbr-132	36	9	examined	examine	VERB
amfbr-132	36	10	the	the	DET
amfbr-132	36	11	effect	effect	NOUN
amfbr-132	36	12	of	of	ADP
amfbr-132	36	13	dividend	dividend	NOUN
amfbr-132	36	14	policy	policy	NOUN
amfbr-132	36	15	on	on	ADP
amfbr-132	36	16	the	the	DET
amfbr-132	36	17	market	market	NOUN
amfbr-132	36	18	price	price	NOUN
amfbr-132	36	19	of	of	ADP
amfbr-132	36	20	shares	share	NOUN
amfbr-132	36	21	.	.	PUNCT
amfbr-132	37	1	the	the	DET
amfbr-132	37	2	methodology	methodology	NOUN
amfbr-132	37	3	used	use	VERB
amfbr-132	37	4	was	be	AUX
amfbr-132	37	5	pearson	pearson	PROPN
amfbr-132	37	6	’s	’s	PART
amfbr-132	37	7	product	product	NOUN
amfbr-132	37	8	moment	moment	NOUN
amfbr-132	37	9	correlation	correlation	NOUN
amfbr-132	37	10	of	of	ADP
amfbr-132	37	11	dividend	dividend	NOUN
amfbr-132	37	12	with	with	ADP
amfbr-132	37	13	share	share	NOUN
amfbr-132	37	14	price	price	NOUN
amfbr-132	37	15	of	of	ADP
amfbr-132	37	16	fifteen	fifteen	NUM
amfbr-132	37	17	companies	company	NOUN
amfbr-132	37	18	.	.	PUNCT
amfbr-132	38	1	the	the	DET
amfbr-132	38	2	study	study	NOUN
amfbr-132	38	3	found	find	VERB
amfbr-132	38	4	that	that	SCONJ
amfbr-132	38	5	the	the	DET
amfbr-132	38	6	correlation	correlation	NOUN
amfbr-132	38	7	coefficients	coefficient	NOUN
amfbr-132	38	8	are	be	AUX
amfbr-132	38	9	statistically	statistically	ADV
amfbr-132	38	10	insignificant	insignificant	ADJ
amfbr-132	38	11	for	for	ADP
amfbr-132	38	12	most	most	ADJ
amfbr-132	38	13	of	of	ADP
amfbr-132	38	14	the	the	DET
amfbr-132	38	15	fifteen	fifteen	ADJ
amfbr-132	38	16	companies	company	NOUN
amfbr-132	38	17	.	.	PUNCT
amfbr-132	39	1	it	it	PRON
amfbr-132	39	2	also	also	ADV
amfbr-132	39	3	found	find	VERB
amfbr-132	39	4	that	that	SCONJ
amfbr-132	39	5	the	the	DET
amfbr-132	39	6	correlation	correlation	NOUN
amfbr-132	39	7	between	between	ADP
amfbr-132	39	8	net	net	ADJ
amfbr-132	39	9	profits	profit	NOUN
amfbr-132	39	10	(	(	PUNCT
amfbr-132	39	11	earnings	earning	NOUN
amfbr-132	39	12	)	)	PUNCT
amfbr-132	39	13	and	and	CCONJ
amfbr-132	39	14	share	share	NOUN
amfbr-132	39	15	prices	price	NOUN
amfbr-132	39	16	are	be	AUX
amfbr-132	39	17	statistically	statistically	ADV
amfbr-132	39	18	insignificant	insignificant	ADJ
amfbr-132	39	19	for	for	SCONJ
amfbr-132	39	20	all	all	DET
amfbr-132	39	21	the	the	DET
amfbr-132	39	22	companies	company	NOUN
amfbr-132	39	23	analysed	analyse	VERB
amfbr-132	39	24	.	.	PUNCT
amfbr-132	40	1	the	the	DET
amfbr-132	40	2	study	study	NOUN
amfbr-132	40	3	concluded	conclude	VERB
amfbr-132	40	4	that	that	SCONJ
amfbr-132	40	5	there	there	PRON
amfbr-132	40	6	is	be	VERB
amfbr-132	40	7	no	no	DET
amfbr-132	40	8	significant	significant	ADJ
amfbr-132	40	9	relationship	relationship	NOUN
amfbr-132	40	10	between	between	ADP
amfbr-132	40	11	dividends	dividend	NOUN
amfbr-132	40	12	and	and	CCONJ
amfbr-132	40	13	share	share	NOUN
amfbr-132	40	14	prices	price	NOUN
amfbr-132	40	15	,	,	PUNCT
amfbr-132	40	16	there	there	PRON
amfbr-132	40	17	is	be	VERB
amfbr-132	40	18	no	no	DET
amfbr-132	40	19	significant	significant	ADJ
amfbr-132	40	20	relationship	relationship	NOUN
amfbr-132	40	21	between	between	ADP
amfbr-132	40	22	net	net	ADJ
amfbr-132	40	23	profits	profit	NOUN
amfbr-132	40	24	and	and	CCONJ
amfbr-132	40	25	share	share	NOUN
amfbr-132	40	26	prices	price	NOUN
amfbr-132	40	27	.	.	PUNCT
amfbr-132	41	1	this	this	DET
amfbr-132	41	2	study	study	NOUN
amfbr-132	41	3	was	be	AUX
amfbr-132	41	4	poorly	poorly	ADV
amfbr-132	41	5	designed	design	VERB
amfbr-132	41	6	and	and	CCONJ
amfbr-132	41	7	the	the	DET
amfbr-132	41	8	use	use	NOUN
amfbr-132	41	9	of	of	ADP
amfbr-132	41	10	correlation	correlation	NOUN
amfbr-132	41	11	analyses	analysis	NOUN
amfbr-132	41	12	to	to	PART
amfbr-132	41	13	test	test	VERB
amfbr-132	41	14	dividend	dividend	NOUN
amfbr-132	41	15	relevance	relevance	NOUN
amfbr-132	41	16	is	be	AUX
amfbr-132	41	17	inadequate	inadequate	ADJ
amfbr-132	41	18	.	.	PUNCT
amfbr-132	42	1	hence	hence	ADV
amfbr-132	42	2	,	,	PUNCT
amfbr-132	42	3	the	the	DET
amfbr-132	42	4	conclusion	conclusion	NOUN
amfbr-132	42	5	reached	reach	VERB
amfbr-132	42	6	by	by	ADP
amfbr-132	42	7	this	this	DET
amfbr-132	42	8	study	study	NOUN
amfbr-132	42	9	is	be	AUX
amfbr-132	42	10	suspicious	suspicious	ADJ
amfbr-132	42	11	.	.	PUNCT
amfbr-132	43	1	abor	abor	NOUN
amfbr-132	43	2	(	(	PUNCT
amfbr-132	43	3	2008	2008	NUM
amfbr-132	43	4	)	)	PUNCT
amfbr-132	43	5	found	find	VERB
amfbr-132	43	6	out	out	ADP
amfbr-132	43	7	that	that	SCONJ
amfbr-132	43	8	there	there	PRON
amfbr-132	43	9	is	be	VERB
amfbr-132	43	10	a	a	DET
amfbr-132	43	11	relationship	relationship	NOUN
amfbr-132	43	12	between	between	ADP
amfbr-132	43	13	corporate	corporate	ADJ
amfbr-132	43	14	earnings	earning	NOUN
amfbr-132	43	15	and	and	CCONJ
amfbr-132	43	16	dividend	dividend	NOUN
amfbr-132	43	17	payout	payout	NOUN
amfbr-132	43	18	and	and	CCONJ
amfbr-132	43	19	concluded	conclude	VERB
amfbr-132	43	20	that	that	SCONJ
amfbr-132	43	21	both	both	PRON
amfbr-132	43	22	past	past	NOUN
amfbr-132	43	23	and	and	CCONJ
amfbr-132	43	24	current	current	ADJ
amfbr-132	43	25	earnings	earning	NOUN
amfbr-132	43	26	have	have	VERB
amfbr-132	43	27	impact	impact	NOUN
amfbr-132	43	28	on	on	ADP
amfbr-132	43	29	a	a	DET
amfbr-132	43	30	firms	firm	NOUN
amfbr-132	43	31	’	'	PUNCT
amfbr-132	43	32	dividend	dividend	NOUN
amfbr-132	43	33	policy	policy	NOUN
amfbr-132	43	34	.	.	PUNCT
amfbr-132	44	1	musa	musa	PROPN
amfbr-132	44	2	(	(	PUNCT
amfbr-132	44	3	2009	2009	NUM
amfbr-132	44	4	)	)	PUNCT
amfbr-132	44	5	investigated	investigate	VERB
amfbr-132	44	6	the	the	DET
amfbr-132	44	7	impact	impact	NOUN
amfbr-132	44	8	of	of	ADP
amfbr-132	44	9	dividend	dividend	NOUN
amfbr-132	44	10	policy	policy	NOUN
amfbr-132	44	11	on	on	ADP
amfbr-132	44	12	the	the	DET
amfbr-132	44	13	share	share	NOUN
amfbr-132	44	14	prices	price	NOUN
amfbr-132	44	15	of	of	ADP
amfbr-132	44	16	53	53	NUM
amfbr-132	44	17	quoted	quote	VERB
amfbr-132	44	18	firms	firm	NOUN
amfbr-132	44	19	in	in	ADP
amfbr-132	44	20	nigeria	nigeria	PROPN
amfbr-132	44	21	,	,	PUNCT
amfbr-132	44	22	applying	apply	VERB
amfbr-132	44	23	parsimonious	parsimonious	ADJ
amfbr-132	44	24	multiple	multiple	ADJ
amfbr-132	44	25	regression	regression	NOUN
amfbr-132	44	26	model	model	NOUN
amfbr-132	44	27	which	which	PRON
amfbr-132	44	28	employed	employ	VERB
amfbr-132	44	29	five	five	NUM
amfbr-132	44	30	variables	variable	NOUN
amfbr-132	44	31	:	:	PUNCT
amfbr-132	44	32	current	current	ADJ
amfbr-132	44	33	earnings	earning	NOUN
amfbr-132	44	34	,	,	PUNCT
amfbr-132	44	35	previous	previous	ADJ
amfbr-132	44	36	dividend	dividend	NOUN
amfbr-132	44	37	,	,	PUNCT
amfbr-132	44	38	cash	cash	NOUN
amfbr-132	44	39	flow	flow	NOUN
amfbr-132	44	40	,	,	PUNCT
amfbr-132	44	41	investment	investment	NOUN
amfbr-132	44	42	and	and	CCONJ
amfbr-132	44	43	net	net	ADJ
amfbr-132	44	44	current	current	ADJ
amfbr-132	44	45	asset	asset	NOUN
amfbr-132	44	46	and	and	CCONJ
amfbr-132	44	47	three	three	NUM
amfbr-132	44	48	non	non	ADJ
amfbr-132	44	49	-	-	ADJ
amfbr-132	44	50	metric	metric	ADJ
amfbr-132	44	51	variables	variable	NOUN
amfbr-132	44	52	,	,	PUNCT
amfbr-132	44	53	growth	growth	NOUN
amfbr-132	44	54	,	,	PUNCT
amfbr-132	44	55	firm	firm	ADJ
amfbr-132	44	56	size	size	NOUN
amfbr-132	44	57	and	and	CCONJ
amfbr-132	44	58	industry	industry	NOUN
amfbr-132	44	59	classification	classification	NOUN
amfbr-132	44	60	.	.	PUNCT
amfbr-132	45	1	the	the	DET
amfbr-132	45	2	study	study	NOUN
amfbr-132	45	3	found	find	VERB
amfbr-132	45	4	that	that	SCONJ
amfbr-132	45	5	the	the	DET
amfbr-132	45	6	five	five	NUM
amfbr-132	45	7	metric	metric	ADJ
amfbr-132	45	8	variables	variable	NOUN
amfbr-132	45	9	have	have	VERB
amfbr-132	45	10	impact	impact	NOUN
amfbr-132	45	11	on	on	ADP
amfbr-132	45	12	dividend	dividend	NOUN
amfbr-132	45	13	policy	policy	NOUN
amfbr-132	45	14	of	of	ADP
amfbr-132	45	15	firms	firm	NOUN
amfbr-132	45	16	in	in	ADP
amfbr-132	45	17	nigeria	nigeria	PROPN
amfbr-132	45	18	.	.	PUNCT
amfbr-132	46	1	adesola	adesola	ADV
amfbr-132	46	2	and	and	CCONJ
amfbr-132	46	3	okwong	okwong	PROPN
amfbr-132	46	4	(	(	PUNCT
amfbr-132	46	5	2009	2009	NUM
amfbr-132	46	6	)	)	PUNCT
amfbr-132	46	7	tested	test	VERB
amfbr-132	46	8	the	the	DET
amfbr-132	46	9	relevance	relevance	NOUN
amfbr-132	46	10	of	of	ADP
amfbr-132	46	11	dividend	dividend	NOUN
amfbr-132	46	12	theories	theory	NOUN
amfbr-132	46	13	of	of	ADP
amfbr-132	46	14	share	share	NOUN
amfbr-132	46	15	prices	price	NOUN
amfbr-132	46	16	in	in	ADP
amfbr-132	46	17	nigeria	nigeria	PROPN
amfbr-132	46	18	with	with	ADP
amfbr-132	46	19	cross	cross	PROPN
amfbr-132	46	20	sectional	sectional	ADJ
amfbr-132	46	21	data	datum	NOUN
amfbr-132	46	22	on	on	ADP
amfbr-132	46	23	twenty	twenty	NUM
amfbr-132	46	24	-	-	PUNCT
amfbr-132	46	25	seven	seven	NUM
amfbr-132	46	26	companies	company	NOUN
amfbr-132	46	27	for	for	ADP
amfbr-132	46	28	the	the	DET
amfbr-132	46	29	period	period	NOUN
amfbr-132	46	30	1996	1996	NUM
amfbr-132	46	31	to	to	ADP
amfbr-132	46	32	2006	2006	NUM
amfbr-132	46	33	.	.	PUNCT
amfbr-132	47	1	they	they	PRON
amfbr-132	47	2	commented	comment	VERB
amfbr-132	47	3	that	that	SCONJ
amfbr-132	47	4	their	their	PRON
amfbr-132	47	5	finding	finding	NOUN
amfbr-132	47	6	of	of	ADP
amfbr-132	47	7	positive	positive	ADJ
amfbr-132	47	8	and	and	CCONJ
amfbr-132	47	9	significant	significant	ADJ
amfbr-132	47	10	effect	effect	NOUN
amfbr-132	47	11	of	of	ADP
amfbr-132	47	12	dividend	dividend	NOUN
amfbr-132	47	13	on	on	ADP
amfbr-132	47	14	share	share	NOUN
amfbr-132	47	15	prices	price	NOUN
amfbr-132	47	16	for	for	ADP
amfbr-132	47	17	the	the	DET
amfbr-132	47	18	sample	sample	NOUN
amfbr-132	47	19	of	of	ADP
amfbr-132	47	20	nigerian	nigerian	ADJ
amfbr-132	47	21	companies	company	NOUN
amfbr-132	47	22	indirectly	indirectly	ADV
amfbr-132	47	23	cast	cast	VERB
amfbr-132	47	24	some	some	DET
amfbr-132	47	25	doubt	doubt	NOUN
amfbr-132	47	26	on	on	ADP
amfbr-132	47	27	the	the	DET
amfbr-132	47	28	empirical	empirical	ADJ
amfbr-132	47	29	validity	validity	NOUN
amfbr-132	47	30	of	of	ADP
amfbr-132	47	31	dividend	dividend	NOUN
amfbr-132	47	32	irrelevance	irrelevance	NOUN
amfbr-132	47	33	.	.	PUNCT
amfbr-132	48	1	khalid	khalid	PROPN
amfbr-132	48	2	,	,	PUNCT
amfbr-132	48	3	chijioke	chijioke	NOUN
amfbr-132	48	4	and	and	CCONJ
amfbr-132	48	5	aruoriwo	aruoriwo	PROPN
amfbr-132	48	6	(	(	PUNCT
amfbr-132	48	7	2010	2010	NUM
amfbr-132	48	8	)	)	PUNCT
amfbr-132	48	9	investigated	investigate	VERB
amfbr-132	48	10	the	the	DET
amfbr-132	48	11	impacts	impact	NOUN
amfbr-132	48	12	of	of	ADP
amfbr-132	48	13	dividend	dividend	NOUN
amfbr-132	48	14	yield	yield	NOUN
amfbr-132	48	15	and	and	CCONJ
amfbr-132	48	16	dividend	dividend	VERB
amfbr-132	48	17	payout	payout	ADJ
amfbr-132	48	18	ratio	ratio	NOUN
amfbr-132	48	19	on	on	ADP
amfbr-132	48	20	changes	change	NOUN
amfbr-132	48	21	in	in	ADP
amfbr-132	48	22	share	share	NOUN
amfbr-132	48	23	price	price	NOUN
amfbr-132	48	24	of	of	ADP
amfbr-132	48	25	companies	company	NOUN
amfbr-132	48	26	listed	list	VERB
amfbr-132	48	27	on	on	ADP
amfbr-132	48	28	the	the	DET
amfbr-132	48	29	united	united	PROPN
amfbr-132	48	30	kingdom	kingdom	PROPN
amfbr-132	48	31	stock	stock	PROPN
amfbr-132	48	32	exchange	exchange	PROPN
amfbr-132	48	33	.	.	PUNCT
amfbr-132	49	1	a	a	DET
amfbr-132	49	2	regression	regression	NOUN
amfbr-132	49	3	model	model	NOUN
amfbr-132	49	4	was	be	AUX
amfbr-132	49	5	used	use	VERB
amfbr-132	49	6	to	to	PART
amfbr-132	49	7	analyze	analyze	VERB
amfbr-132	49	8	the	the	DET
amfbr-132	49	9	data	datum	NOUN
amfbr-132	49	10	which	which	PRON
amfbr-132	49	11	revealed	reveal	VERB
amfbr-132	49	12	positive	positive	ADJ
amfbr-132	49	13	relationship	relationship	NOUN
amfbr-132	49	14	between	between	ADP
amfbr-132	49	15	dividend	dividend	NOUN
amfbr-132	49	16	yield	yield	NOUN
amfbr-132	49	17	and	and	CCONJ
amfbr-132	49	18	stock	stock	NOUN
amfbr-132	49	19	prices	price	NOUN
amfbr-132	49	20	and	and	CCONJ
amfbr-132	49	21	revealed	reveal	VERB
amfbr-132	49	22	that	that	SCONJ
amfbr-132	49	23	dividend	dividend	NOUN
amfbr-132	49	24	payout	payout	NOUN
amfbr-132	49	25	is	be	AUX
amfbr-132	49	26	statistically	statistically	ADV
amfbr-132	49	27	insignificant	insignificant	ADJ
amfbr-132	49	28	.	.	PUNCT
amfbr-132	50	1	amadasun	amadasun	NOUN
amfbr-132	50	2	(	(	PUNCT
amfbr-132	50	3	2011	2011	NUM
amfbr-132	50	4	)	)	PUNCT
amfbr-132	50	5	attempted	attempt	VERB
amfbr-132	50	6	to	to	PART
amfbr-132	50	7	test	test	VERB
amfbr-132	50	8	the	the	DET
amfbr-132	50	9	hypothesis	hypothesis	NOUN
amfbr-132	50	10	that	that	PRON
amfbr-132	50	11	dividend	dividend	NOUN
amfbr-132	50	12	does	do	AUX
amfbr-132	50	13	not	not	PART
amfbr-132	50	14	increase	increase	VERB
amfbr-132	50	15	stock	stock	NOUN
amfbr-132	50	16	price	price	NOUN
amfbr-132	50	17	in	in	ADP
amfbr-132	50	18	nigeria	nigeria	PROPN
amfbr-132	50	19	,	,	PUNCT
amfbr-132	50	20	using	use	VERB
amfbr-132	50	21	first	first	ADJ
amfbr-132	50	22	bank	bank	NOUN
amfbr-132	50	23	(	(	PUNCT
amfbr-132	50	24	nig	nig	PROPN
amfbr-132	50	25	)	)	PUNCT
amfbr-132	50	26	plc	plc	PROPN
amfbr-132	50	27	.	.	PUNCT
amfbr-132	51	1	as	as	ADP
amfbr-132	51	2	a	a	DET
amfbr-132	51	3	case	case	NOUN
amfbr-132	51	4	study	study	NOUN
amfbr-132	51	5	.	.	PUNCT
amfbr-132	52	1	the	the	DET
amfbr-132	52	2	study	study	NOUN
amfbr-132	52	3	used	use	VERB
amfbr-132	52	4	a	a	DET
amfbr-132	52	5	regression	regression	NOUN
amfbr-132	52	6	model	model	NOUN
amfbr-132	52	7	that	that	PRON
amfbr-132	52	8	included	include	VERB
amfbr-132	52	9	dividend	dividend	NOUN
amfbr-132	52	10	per	per	ADP
amfbr-132	52	11	share	share	NOUN
amfbr-132	52	12	,	,	PUNCT
amfbr-132	52	13	earnings	earning	NOUN
amfbr-132	52	14	per	per	ADP
amfbr-132	52	15	share	share	NOUN
amfbr-132	52	16	,	,	PUNCT
amfbr-132	52	17	return	return	VERB
amfbr-132	52	18	on	on	ADP
amfbr-132	52	19	capital	capital	NOUN
amfbr-132	52	20	employed	employ	VERB
amfbr-132	52	21	,	,	PUNCT
amfbr-132	52	22	retained	retain	VERB
amfbr-132	52	23	earnings	earning	NOUN
amfbr-132	52	24	and	and	CCONJ
amfbr-132	52	25	price	price	NOUN
amfbr-132	52	26	earnings	earning	NOUN
amfbr-132	52	27	ratio	ratio	NOUN
amfbr-132	52	28	as	as	ADP
amfbr-132	52	29	explanatory	explanatory	ADJ
amfbr-132	52	30	variables	variable	NOUN
amfbr-132	52	31	of	of	ADP
amfbr-132	52	32	price	price	NOUN
amfbr-132	52	33	per	per	ADP
amfbr-132	52	34	share	share	NOUN
amfbr-132	52	35	.	.	PUNCT
amfbr-132	53	1	the	the	DET
amfbr-132	53	2	results	result	NOUN
amfbr-132	53	3	of	of	ADP
amfbr-132	53	4	the	the	DET
amfbr-132	53	5	study	study	NOUN
amfbr-132	53	6	had	have	VERB
amfbr-132	53	7	statistically	statistically	ADV
amfbr-132	53	8	insignificant	insignificant	ADJ
amfbr-132	53	9	regression	regression	NOUN
amfbr-132	53	10	coefficients	coefficient	NOUN
amfbr-132	53	11	for	for	ADP
amfbr-132	53	12	both	both	DET
amfbr-132	53	13	dividend	dividend	NOUN
amfbr-132	53	14	per	per	ADP
amfbr-132	53	15	share	share	NOUN
amfbr-132	53	16	and	and	CCONJ
amfbr-132	53	17	earnings	earning	NOUN
amfbr-132	53	18	per	per	ADP
amfbr-132	53	19	share	share	NOUN
amfbr-132	53	20	.	.	PUNCT
amfbr-132	54	1	though	though	SCONJ
amfbr-132	54	2	this	this	DET
amfbr-132	54	3	study	study	NOUN
amfbr-132	54	4	concluded	conclude	VERB
amfbr-132	54	5	that	that	SCONJ
amfbr-132	54	6	“	"	PUNCT
amfbr-132	54	7	dividend	dividend	NOUN
amfbr-132	54	8	does	do	AUX
amfbr-132	54	9	not	not	PART
amfbr-132	54	10	lead	lead	VERB
amfbr-132	54	11	to	to	PART
amfbr-132	54	12	increase	increase	VERB
amfbr-132	54	13	in	in	ADP
amfbr-132	54	14	stock	stock	NOUN
amfbr-132	54	15	value	value	NOUN
amfbr-132	54	16	”	"	PUNCT
amfbr-132	54	17	,	,	PUNCT
amfbr-132	54	18	and	and	CCONJ
amfbr-132	54	19	thus	thus	ADV
amfbr-132	54	20	purportedly	purportedly	ADV
amfbr-132	54	21	lends	lend	VERB
amfbr-132	54	22	support	support	NOUN
amfbr-132	54	23	to	to	ADP
amfbr-132	54	24	miller	miller	NOUN
amfbr-132	54	25	-	-	PUNCT
amfbr-132	54	26	modigliani	modigliani	ADJ
amfbr-132	54	27	thesis	thesis	NOUN
amfbr-132	54	28	of	of	ADP
amfbr-132	54	29	dividend	dividend	NOUN
amfbr-132	54	30	irrelevance	irrelevance	NOUN
amfbr-132	54	31	,	,	PUNCT
amfbr-132	54	32	the	the	DET
amfbr-132	54	33	conclusion	conclusion	NOUN
amfbr-132	54	34	is	be	AUX
amfbr-132	54	35	consistent	consistent	ADJ
amfbr-132	54	36	with	with	ADP
amfbr-132	54	37	the	the	DET
amfbr-132	54	38	statistical	statistical	ADJ
amfbr-132	54	39	insignificance	insignificance	NOUN
amfbr-132	54	40	of	of	ADP
amfbr-132	54	41	the	the	DET
amfbr-132	54	42	dividend	dividend	NOUN
amfbr-132	54	43	variables	variable	NOUN
amfbr-132	54	44	in	in	ADP
amfbr-132	54	45	the	the	DET
amfbr-132	54	46	regression	regression	NOUN
amfbr-132	54	47	results	result	NOUN
amfbr-132	54	48	.	.	PUNCT
amfbr-132	55	1	furthermore	furthermore	ADV
amfbr-132	55	2	,	,	PUNCT
amfbr-132	55	3	the	the	DET
amfbr-132	55	4	study	study	NOUN
amfbr-132	55	5	has	have	VERB
amfbr-132	55	6	the	the	DET
amfbr-132	55	7	following	follow	VERB
amfbr-132	55	8	deficiencies	deficiency	NOUN
amfbr-132	55	9	:	:	PUNCT
amfbr-132	55	10	(	(	PUNCT
amfbr-132	55	11	1	1	X
amfbr-132	55	12	)	)	PUNCT
amfbr-132	55	13	it	it	PRON
amfbr-132	55	14	used	use	VERB
amfbr-132	55	15	a	a	DET
amfbr-132	55	16	case	case	NOUN
amfbr-132	55	17	study	study	NOUN
amfbr-132	55	18	of	of	ADP
amfbr-132	55	19	a	a	DET
amfbr-132	55	20	bank	bank	NOUN
amfbr-132	55	21	rather	rather	ADV
amfbr-132	55	22	than	than	ADP
amfbr-132	55	23	cross	cross	VERB
amfbr-132	55	24	sectional	sectional	ADJ
amfbr-132	55	25	or	or	CCONJ
amfbr-132	55	26	panel	panel	NOUN
amfbr-132	55	27	data	datum	NOUN
amfbr-132	55	28	;	;	PUNCT
amfbr-132	55	29	and	and	CCONJ
amfbr-132	55	30	the	the	DET
amfbr-132	55	31	regression	regression	NOUN
amfbr-132	55	32	model	model	NOUN
amfbr-132	55	33	included	include	VERB
amfbr-132	55	34	four	four	NUM
amfbr-132	55	35	earnings	earning	NOUN
amfbr-132	55	36	variables	variable	NOUN
amfbr-132	55	37	;	;	PUNCT
amfbr-132	55	38	earning	earn	VERB
amfbr-132	55	39	per	per	ADP
amfbr-132	55	40	share	share	NOUN
amfbr-132	55	41	,	,	PUNCT
amfbr-132	55	42	return	return	VERB
amfbr-132	55	43	on	on	ADP
amfbr-132	55	44	capital	capital	NOUN
amfbr-132	55	45	employed	employ	VERB
amfbr-132	55	46	,	,	PUNCT
amfbr-132	55	47	retained	retain	VERB
amfbr-132	55	48	earnings	earning	NOUN
amfbr-132	55	49	and	and	CCONJ
amfbr-132	55	50	price	price	NOUN
amfbr-132	55	51	earnings	earning	NOUN
amfbr-132	55	52	ratio	ratio	NOUN
amfbr-132	55	53	.	.	PUNCT
amfbr-132	56	1	it	it	PRON
amfbr-132	56	2	therefore	therefore	ADV
amfbr-132	56	3	would	would	AUX
amfbr-132	56	4	have	have	VERB
amfbr-132	56	5	the	the	DET
amfbr-132	56	6	problem	problem	NOUN
amfbr-132	56	7	of	of	ADP
amfbr-132	56	8	multi	multi	NOUN
amfbr-132	56	9	-	-	NOUN
amfbr-132	56	10	collinearity	collinearity	NOUN
amfbr-132	56	11	.	.	PUNCT
amfbr-132	57	1	these	these	DET
amfbr-132	57	2	observations	observation	NOUN
amfbr-132	57	3	indicate	indicate	VERB
amfbr-132	57	4	that	that	SCONJ
amfbr-132	57	5	the	the	DET
amfbr-132	57	6	results	result	NOUN
amfbr-132	57	7	and	and	CCONJ
amfbr-132	57	8	conclusion	conclusion	NOUN
amfbr-132	57	9	of	of	ADP
amfbr-132	57	10	the	the	DET
amfbr-132	57	11	study	study	NOUN
amfbr-132	57	12	are	be	AUX
amfbr-132	57	13	not	not	PART
amfbr-132	57	14	reliable	reliable	ADJ
amfbr-132	57	15	.	.	PUNCT
amfbr-132	58	1	khan	khan	PROPN
amfbr-132	58	2	(	(	PUNCT
amfbr-132	58	3	2012	2012	NUM
amfbr-132	58	4	)	)	PUNCT
amfbr-132	58	5	sampled	sample	VERB
amfbr-132	58	6	of	of	ADP
amfbr-132	58	7	twenty	twenty	NUM
amfbr-132	58	8	-	-	PUNCT
amfbr-132	58	9	nine	nine	NUM
amfbr-132	58	10	companies	company	NOUN
amfbr-132	58	11	to	to	PART
amfbr-132	58	12	explicate	explicate	VERB
amfbr-132	58	13	the	the	DET
amfbr-132	58	14	effect	effect	NOUN
amfbr-132	58	15	of	of	ADP
amfbr-132	58	16	dividend	dividend	NOUN
amfbr-132	58	17	on	on	ADP
amfbr-132	58	18	stock	stock	NOUN
amfbr-132	58	19	prices	price	NOUN
amfbr-132	58	20	for	for	ADP
amfbr-132	58	21	the	the	DET
amfbr-132	58	22	period	period	NOUN
amfbr-132	58	23	2001	2001	NUM
amfbr-132	58	24	to	to	ADP
amfbr-132	58	25	2010	2010	NUM
amfbr-132	58	26	.	.	PUNCT
amfbr-132	59	1	the	the	DET
amfbr-132	59	2	study	study	NOUN
amfbr-132	59	3	used	use	VERB
amfbr-132	59	4	fixed	fix	VERB
amfbr-132	59	5	and	and	CCONJ
amfbr-132	59	6	random	random	ADJ
amfbr-132	59	7	effect	effect	NOUN
amfbr-132	59	8	model	model	NOUN
amfbr-132	59	9	on	on	ADP
amfbr-132	59	10	panel	panel	NOUN
amfbr-132	59	11	data	datum	NOUN
amfbr-132	59	12	and	and	CCONJ
amfbr-132	59	13	found	find	VERB
amfbr-132	59	14	that	that	SCONJ
amfbr-132	59	15	dividend	dividend	NOUN
amfbr-132	59	16	policy	policy	NOUN
amfbr-132	59	17	has	have	VERB
amfbr-132	59	18	positive	positive	ADJ
amfbr-132	59	19	effect	effect	NOUN
amfbr-132	59	20	on	on	ADP
amfbr-132	59	21	share	share	NOUN
amfbr-132	59	22	prices	price	NOUN
amfbr-132	59	23	after	after	ADP
amfbr-132	59	24	controlling	control	VERB
amfbr-132	59	25	for	for	ADP
amfbr-132	59	26	the	the	DET
amfbr-132	59	27	effects	effect	NOUN
amfbr-132	59	28	of	of	ADP
amfbr-132	59	29	earnings	earning	NOUN
amfbr-132	59	30	per	per	ADP
amfbr-132	59	31	share	share	NOUN
amfbr-132	59	32	,	,	PUNCT
amfbr-132	59	33	profit	profit	NOUN
amfbr-132	59	34	after	after	ADP
amfbr-132	59	35	tax	tax	NOUN
amfbr-132	59	36	,	,	PUNCT
amfbr-132	59	37	and	and	CCONJ
amfbr-132	59	38	return	return	VERB
amfbr-132	59	39	on	on	ADP
amfbr-132	59	40	equity	equity	NOUN
amfbr-132	59	41	and	and	CCONJ
amfbr-132	59	42	concluded	conclude	VERB
amfbr-132	59	43	that	that	SCONJ
amfbr-132	59	44	dividend	dividend	NOUN
amfbr-132	59	45	irrelevance	irrelevance	NOUN
amfbr-132	59	46	theory	theory	NOUN
amfbr-132	59	47	is	be	AUX
amfbr-132	59	48	not	not	PART
amfbr-132	59	49	applicable	applicable	ADJ
amfbr-132	59	50	in	in	ADP
amfbr-132	59	51	case	case	NOUN
amfbr-132	59	52	of	of	ADP
amfbr-132	59	53	pakistan	pakistan	PROPN
amfbr-132	59	54	stock	stock	NOUN
amfbr-132	59	55	market	market	NOUN
amfbr-132	59	56	.	.	PUNCT
amfbr-132	60	1	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	61	1	american	american	PROPN
amfbr-132	61	2	finance	finance	PROPN
amfbr-132	61	3	&	&	CCONJ
amfbr-132	61	4	banking	banking	PROPN
amfbr-132	61	5	review	review	PROPN
amfbr-132	61	6	vol	vol	NOUN
amfbr-132	61	7	.	.	PROPN
amfbr-132	62	1	2	2	NUM
amfbr-132	62	2	,	,	PUNCT
amfbr-132	62	3	no	no	INTJ
amfbr-132	62	4	.	.	NOUN
amfbr-132	62	5	2	2	NUM
amfbr-132	62	6	;	;	PUNCT
amfbr-132	62	7	2018	2018	NUM
amfbr-132	62	8	3	3	NUM
amfbr-132	62	9	abubakhar	abubakhar	PROPN
amfbr-132	62	10	(	(	PUNCT
amfbr-132	62	11	2012	2012	NUM
amfbr-132	62	12	)	)	PUNCT
amfbr-132	62	13	examined	examine	VERB
amfbr-132	62	14	the	the	DET
amfbr-132	62	15	influence	influence	NOUN
amfbr-132	62	16	of	of	ADP
amfbr-132	62	17	dividend	dividend	NOUN
amfbr-132	62	18	pay	pay	VERB
amfbr-132	62	19	-	-	PUNCT
amfbr-132	62	20	out	out	ADP
amfbr-132	62	21	ratio	ratio	NOUN
amfbr-132	62	22	on	on	ADP
amfbr-132	62	23	the	the	DET
amfbr-132	62	24	share	share	NOUN
amfbr-132	62	25	prices	price	NOUN
amfbr-132	62	26	of	of	ADP
amfbr-132	62	27	listed	list	VERB
amfbr-132	62	28	non	non	ADJ
amfbr-132	62	29	-	-	ADJ
amfbr-132	62	30	service	service	ADJ
amfbr-132	62	31	firms	firm	NOUN
amfbr-132	62	32	in	in	ADP
amfbr-132	62	33	nigeria	nigeria	PROPN
amfbr-132	62	34	with	with	ADP
amfbr-132	62	35	a	a	DET
amfbr-132	62	36	probabilistic	probabilistic	ADJ
amfbr-132	62	37	sample	sample	NOUN
amfbr-132	62	38	of	of	ADP
amfbr-132	62	39	twenty	twenty	NUM
amfbr-132	62	40	-	-	PUNCT
amfbr-132	62	41	six	six	NUM
amfbr-132	62	42	firms	firm	NOUN
amfbr-132	62	43	using	use	VERB
amfbr-132	62	44	multiple	multiple	ADJ
amfbr-132	62	45	regression	regression	NOUN
amfbr-132	62	46	models	model	NOUN
amfbr-132	62	47	.	.	PUNCT
amfbr-132	63	1	the	the	DET
amfbr-132	63	2	study	study	NOUN
amfbr-132	63	3	found	find	VERB
amfbr-132	63	4	a	a	DET
amfbr-132	63	5	statistically	statistically	ADV
amfbr-132	63	6	significant	significant	ADJ
amfbr-132	63	7	relationship	relationship	NOUN
amfbr-132	63	8	between	between	ADP
amfbr-132	63	9	dividend	dividend	NOUN
amfbr-132	63	10	pay	pay	NOUN
amfbr-132	63	11	-	-	PUNCT
amfbr-132	63	12	out	out	NOUN
amfbr-132	63	13	and	and	CCONJ
amfbr-132	63	14	share	share	VERB
amfbr-132	63	15	prices	price	NOUN
amfbr-132	63	16	.	.	PUNCT
amfbr-132	64	1	it	it	PRON
amfbr-132	64	2	also	also	ADV
amfbr-132	64	3	found	find	VERB
amfbr-132	64	4	that	that	SCONJ
amfbr-132	64	5	the	the	DET
amfbr-132	64	6	size	size	NOUN
amfbr-132	64	7	of	of	ADP
amfbr-132	64	8	the	the	DET
amfbr-132	64	9	listed	list	VERB
amfbr-132	64	10	non	non	ADJ
amfbr-132	64	11	-	-	ADJ
amfbr-132	64	12	service	service	ADJ
amfbr-132	64	13	firms	firm	NOUN
amfbr-132	64	14	significantly	significantly	ADV
amfbr-132	64	15	explains	explain	VERB
amfbr-132	64	16	share	share	NOUN
amfbr-132	64	17	prices	price	NOUN
amfbr-132	64	18	in	in	ADP
amfbr-132	64	19	nigeria	nigeria	PROPN
amfbr-132	64	20	.	.	PUNCT
amfbr-132	65	1	both	both	DET
amfbr-132	65	2	dividend	dividend	VERB
amfbr-132	65	3	pay	pay	NOUN
amfbr-132	65	4	-	-	PUNCT
amfbr-132	65	5	out	out	NOUN
amfbr-132	65	6	and	and	CCONJ
amfbr-132	65	7	size	size	NOUN
amfbr-132	65	8	of	of	ADP
amfbr-132	65	9	the	the	DET
amfbr-132	65	10	firms	firm	NOUN
amfbr-132	65	11	had	have	VERB
amfbr-132	65	12	positive	positive	ADJ
amfbr-132	65	13	impact	impact	NOUN
amfbr-132	65	14	on	on	ADP
amfbr-132	65	15	share	share	NOUN
amfbr-132	65	16	prices	price	NOUN
amfbr-132	65	17	.	.	PUNCT
amfbr-132	66	1	the	the	DET
amfbr-132	66	2	findings	finding	NOUN
amfbr-132	66	3	of	of	ADP
amfbr-132	66	4	the	the	DET
amfbr-132	66	5	study	study	NOUN
amfbr-132	66	6	do	do	AUX
amfbr-132	66	7	not	not	PART
amfbr-132	66	8	however	however	ADV
amfbr-132	66	9	constitute	constitute	VERB
amfbr-132	66	10	valid	valid	ADJ
amfbr-132	66	11	test	test	NOUN
amfbr-132	66	12	of	of	ADP
amfbr-132	66	13	the	the	DET
amfbr-132	66	14	dividend	dividend	NOUN
amfbr-132	66	15	irrelevance	irrelevance	NOUN
amfbr-132	66	16	proposition	proposition	NOUN
amfbr-132	66	17	became	become	VERB
amfbr-132	66	18	it	it	PRON
amfbr-132	66	19	did	do	AUX
amfbr-132	66	20	not	not	PART
amfbr-132	66	21	consider	consider	VERB
amfbr-132	66	22	the	the	DET
amfbr-132	66	23	effect	effect	NOUN
amfbr-132	66	24	of	of	ADP
amfbr-132	66	25	earnings	earning	NOUN
amfbr-132	66	26	and	and	CCONJ
amfbr-132	66	27	dividend	dividend	NOUN
amfbr-132	66	28	in	in	ADP
amfbr-132	66	29	the	the	DET
amfbr-132	66	30	model	model	NOUN
amfbr-132	66	31	.	.	PUNCT
amfbr-132	67	1	rabindra	rabindra	PROPN
amfbr-132	67	2	(	(	PUNCT
amfbr-132	67	3	2012	2012	NUM
amfbr-132	67	4	)	)	PUNCT
amfbr-132	67	5	examined	examine	VERB
amfbr-132	67	6	the	the	DET
amfbr-132	67	7	impact	impact	NOUN
amfbr-132	67	8	of	of	ADP
amfbr-132	67	9	dividend	dividend	NOUN
amfbr-132	67	10	on	on	ADP
amfbr-132	67	11	stock	stock	NOUN
amfbr-132	67	12	price	price	NOUN
amfbr-132	67	13	in	in	ADP
amfbr-132	67	14	financial	financial	ADJ
amfbr-132	67	15	and	and	CCONJ
amfbr-132	67	16	non	non	ADJ
amfbr-132	67	17	-	-	ADJ
amfbr-132	67	18	financial	financial	ADJ
amfbr-132	67	19	institutions	institution	NOUN
amfbr-132	67	20	of	of	ADP
amfbr-132	67	21	nepal	nepal	ADJ
amfbr-132	67	22	stock	stock	PROPN
amfbr-132	67	23	exchange	exchange	PROPN
amfbr-132	67	24	,	,	PUNCT
amfbr-132	67	25	analyzing	analyze	VERB
amfbr-132	67	26	the	the	DET
amfbr-132	67	27	secondary	secondary	ADJ
amfbr-132	67	28	data	datum	NOUN
amfbr-132	67	29	with	with	ADP
amfbr-132	67	30	a	a	DET
amfbr-132	67	31	regression	regression	NOUN
amfbr-132	67	32	model	model	NOUN
amfbr-132	67	33	.	.	PUNCT
amfbr-132	68	1	stock	stock	NOUN
amfbr-132	68	2	price	price	NOUN
amfbr-132	68	3	being	be	AUX
amfbr-132	68	4	the	the	DET
amfbr-132	68	5	dependent	dependent	ADJ
amfbr-132	68	6	variable	variable	NOUN
amfbr-132	68	7	while	while	SCONJ
amfbr-132	68	8	dividend	dividend	NOUN
amfbr-132	68	9	per	per	ADP
amfbr-132	68	10	share	share	NOUN
amfbr-132	68	11	(	(	PUNCT
amfbr-132	68	12	dps	dps	NOUN
amfbr-132	68	13	)	)	PUNCT
amfbr-132	68	14	,	,	PUNCT
amfbr-132	68	15	retained	retain	VERB
amfbr-132	68	16	earnings	earning	NOUN
amfbr-132	68	17	per	per	ADP
amfbr-132	68	18	share	share	NOUN
amfbr-132	68	19	,	,	PUNCT
amfbr-132	68	20	lagged	lag	VERB
amfbr-132	68	21	price	price	NOUN
amfbr-132	68	22	earnings	earning	NOUN
amfbr-132	68	23	ratio	ratio	NOUN
amfbr-132	68	24	and	and	CCONJ
amfbr-132	68	25	lagged	lag	VERB
amfbr-132	68	26	market	market	NOUN
amfbr-132	68	27	price	price	NOUN
amfbr-132	68	28	per	per	ADP
amfbr-132	68	29	share	share	NOUN
amfbr-132	68	30	are	be	AUX
amfbr-132	68	31	the	the	DET
amfbr-132	68	32	explanatory	explanatory	ADJ
amfbr-132	68	33	variables	variable	NOUN
amfbr-132	68	34	.	.	PUNCT
amfbr-132	69	1	the	the	DET
amfbr-132	69	2	result	result	NOUN
amfbr-132	69	3	showed	show	VERB
amfbr-132	69	4	that	that	SCONJ
amfbr-132	69	5	dividend	dividend	NOUN
amfbr-132	69	6	has	have	VERB
amfbr-132	69	7	impact	impact	NOUN
amfbr-132	69	8	on	on	ADP
amfbr-132	69	9	share	share	NOUN
amfbr-132	69	10	prices	price	NOUN
amfbr-132	69	11	more	more	ADV
amfbr-132	69	12	than	than	ADP
amfbr-132	69	13	retained	retain	VERB
amfbr-132	69	14	earnings	earning	NOUN
amfbr-132	69	15	.	.	PUNCT
amfbr-132	70	1	kanwal	kanwal	PROPN
amfbr-132	70	2	(	(	PUNCT
amfbr-132	70	3	2012	2012	NUM
amfbr-132	70	4	)	)	PUNCT
amfbr-132	70	5	studied	study	VERB
amfbr-132	70	6	the	the	DET
amfbr-132	70	7	impact	impact	NOUN
amfbr-132	70	8	of	of	ADP
amfbr-132	70	9	dividend	dividend	NOUN
amfbr-132	70	10	on	on	ADP
amfbr-132	70	11	stock	stock	NOUN
amfbr-132	70	12	prices	price	NOUN
amfbr-132	70	13	of	of	ADP
amfbr-132	70	14	chemical	chemical	NOUN
amfbr-132	70	15	and	and	CCONJ
amfbr-132	70	16	pharmaceutical	pharmaceutical	NOUN
amfbr-132	70	17	companies	company	NOUN
amfbr-132	70	18	in	in	ADP
amfbr-132	70	19	pakistan	pakistan	PROPN
amfbr-132	70	20	stock	stock	PROPN
amfbr-132	70	21	exchange	exchange	PROPN
amfbr-132	70	22	for	for	ADP
amfbr-132	70	23	the	the	DET
amfbr-132	70	24	period	period	NOUN
amfbr-132	70	25	2001	2001	NUM
amfbr-132	70	26	-	-	SYM
amfbr-132	70	27	2010	2010	NUM
amfbr-132	70	28	.	.	PUNCT
amfbr-132	71	1	secondary	secondary	ADJ
amfbr-132	71	2	data	datum	NOUN
amfbr-132	71	3	of	of	ADP
amfbr-132	71	4	five	five	NUM
amfbr-132	71	5	variables	variable	NOUN
amfbr-132	71	6	:	:	PUNCT
amfbr-132	71	7	stock	stock	NOUN
amfbr-132	71	8	dividend	dividend	NOUN
amfbr-132	71	9	,	,	PUNCT
amfbr-132	71	10	earning	earn	VERB
amfbr-132	71	11	per	per	ADP
amfbr-132	71	12	share	share	NOUN
amfbr-132	71	13	(	(	PUNCT
amfbr-132	71	14	eps	eps	PROPN
amfbr-132	71	15	)	)	PUNCT
amfbr-132	71	16	,	,	PUNCT
amfbr-132	71	17	profit	profit	NOUN
amfbr-132	71	18	after	after	ADP
amfbr-132	71	19	tax	tax	NOUN
amfbr-132	71	20	(	(	PUNCT
amfbr-132	71	21	pat	pat	NOUN
amfbr-132	71	22	)	)	PUNCT
amfbr-132	71	23	,	,	PUNCT
amfbr-132	71	24	retention	retention	NOUN
amfbr-132	71	25	ratio	ratio	NOUN
amfbr-132	71	26	and	and	CCONJ
amfbr-132	71	27	return	return	NOUN
amfbr-132	71	28	on	on	ADP
amfbr-132	71	29	equity	equity	NOUN
amfbr-132	71	30	(	(	PUNCT
amfbr-132	71	31	roe	roe	PROPN
amfbr-132	71	32	)	)	PUNCT
amfbr-132	71	33	were	be	AUX
amfbr-132	71	34	analyzed	analyze	VERB
amfbr-132	71	35	with	with	ADP
amfbr-132	71	36	panel	panel	NOUN
amfbr-132	71	37	regression	regression	NOUN
amfbr-132	71	38	model	model	NOUN
amfbr-132	71	39	.	.	PUNCT
amfbr-132	72	1	the	the	DET
amfbr-132	72	2	study	study	NOUN
amfbr-132	72	3	showed	show	VERB
amfbr-132	72	4	that	that	SCONJ
amfbr-132	72	5	stock	stock	NOUN
amfbr-132	72	6	dividend	dividend	NOUN
amfbr-132	72	7	,	,	PUNCT
amfbr-132	72	8	(	(	PUNCT
amfbr-132	72	9	eps	eps	PROPN
amfbr-132	72	10	)	)	PUNCT
amfbr-132	72	11	,	,	PUNCT
amfbr-132	72	12	(	(	PUNCT
amfbr-132	72	13	pat	pat	NOUN
amfbr-132	72	14	)	)	PUNCT
amfbr-132	72	15	are	be	AUX
amfbr-132	72	16	statistically	statistically	ADV
amfbr-132	72	17	significant	significant	ADJ
amfbr-132	72	18	.	.	PUNCT
amfbr-132	73	1	in	in	ADP
amfbr-132	73	2	other	other	ADJ
amfbr-132	73	3	words	word	NOUN
amfbr-132	73	4	,	,	PUNCT
amfbr-132	73	5	these	these	DET
amfbr-132	73	6	variables	variable	NOUN
amfbr-132	73	7	have	have	VERB
amfbr-132	73	8	positive	positive	ADJ
amfbr-132	73	9	impact	impact	NOUN
amfbr-132	73	10	on	on	ADP
amfbr-132	73	11	stock	stock	NOUN
amfbr-132	73	12	prices	price	NOUN
amfbr-132	73	13	while	while	SCONJ
amfbr-132	73	14	retention	retention	NOUN
amfbr-132	73	15	ratio	ratio	NOUN
amfbr-132	73	16	and	and	CCONJ
amfbr-132	73	17	return	return	NOUN
amfbr-132	73	18	on	on	ADP
amfbr-132	73	19	equity	equity	NOUN
amfbr-132	73	20	have	have	VERB
amfbr-132	73	21	negative	negative	ADJ
amfbr-132	73	22	impact	impact	NOUN
amfbr-132	73	23	on	on	ADP
amfbr-132	73	24	share	share	NOUN
amfbr-132	73	25	prices	price	NOUN
amfbr-132	73	26	.	.	PUNCT
amfbr-132	74	1	the	the	DET
amfbr-132	74	2	study	study	NOUN
amfbr-132	74	3	asserted	assert	VERB
amfbr-132	74	4	that	that	SCONJ
amfbr-132	74	5	changes	change	NOUN
amfbr-132	74	6	in	in	ADP
amfbr-132	74	7	dividend	dividend	NOUN
amfbr-132	74	8	policy	policy	NOUN
amfbr-132	74	9	provide	provide	VERB
amfbr-132	74	10	statistically	statistically	ADV
amfbr-132	74	11	significant	significant	ADJ
amfbr-132	74	12	information	information	NOUN
amfbr-132	74	13	content	content	NOUN
amfbr-132	74	14	which	which	PRON
amfbr-132	74	15	can	can	AUX
amfbr-132	74	16	be	be	AUX
amfbr-132	74	17	used	use	VERB
amfbr-132	74	18	to	to	PART
amfbr-132	74	19	make	make	VERB
amfbr-132	74	20	predictions	prediction	NOUN
amfbr-132	74	21	about	about	ADP
amfbr-132	74	22	future	future	ADJ
amfbr-132	74	23	stock	stock	NOUN
amfbr-132	74	24	prices	price	NOUN
amfbr-132	74	25	”	"	PUNCT
amfbr-132	74	26	,	,	PUNCT
amfbr-132	74	27	and	and	CCONJ
amfbr-132	74	28	that	that	SCONJ
amfbr-132	74	29	the	the	DET
amfbr-132	74	30	findings	finding	NOUN
amfbr-132	74	31	support	support	VERB
amfbr-132	74	32	the	the	DET
amfbr-132	74	33	informational	informational	ADJ
amfbr-132	74	34	content	content	NOUN
amfbr-132	74	35	of	of	ADP
amfbr-132	74	36	dividend	dividend	NOUN
amfbr-132	74	37	hypothesis	hypothesis	NOUN
amfbr-132	74	38	.	.	PUNCT
amfbr-132	75	1	these	these	DET
amfbr-132	75	2	findings	finding	NOUN
amfbr-132	75	3	’	'	PUNCT
amfbr-132	75	4	assertions	assertion	NOUN
amfbr-132	75	5	indicate	indicate	VERB
amfbr-132	75	6	that	that	SCONJ
amfbr-132	75	7	changes	change	NOUN
amfbr-132	75	8	in	in	ADP
amfbr-132	75	9	dividend	dividend	NOUN
amfbr-132	75	10	payment	payment	NOUN
amfbr-132	75	11	merely	merely	ADV
amfbr-132	75	12	create	create	VERB
amfbr-132	75	13	occasions	occasion	NOUN
amfbr-132	75	14	for	for	ADP
amfbr-132	75	15	changes	change	NOUN
amfbr-132	75	16	in	in	ADP
amfbr-132	75	17	stock	stock	NOUN
amfbr-132	75	18	prices	price	NOUN
amfbr-132	75	19	and	and	CCONJ
amfbr-132	75	20	that	that	SCONJ
amfbr-132	75	21	there	there	PRON
amfbr-132	75	22	was	be	VERB
amfbr-132	75	23	no	no	DET
amfbr-132	75	24	sufficient	sufficient	ADJ
amfbr-132	75	25	evidence	evidence	NOUN
amfbr-132	75	26	to	to	PART
amfbr-132	75	27	suggest	suggest	VERB
amfbr-132	75	28	that	that	SCONJ
amfbr-132	75	29	stock	stock	NOUN
amfbr-132	75	30	price	price	NOUN
amfbr-132	75	31	changes	change	NOUN
amfbr-132	75	32	are	be	AUX
amfbr-132	75	33	caused	cause	VERB
amfbr-132	75	34	by	by	ADP
amfbr-132	75	35	dividend	dividend	NOUN
amfbr-132	75	36	payments	payment	NOUN
amfbr-132	75	37	.	.	PUNCT
amfbr-132	76	1	the	the	DET
amfbr-132	76	2	study	study	NOUN
amfbr-132	76	3	did	do	AUX
amfbr-132	76	4	not	not	PART
amfbr-132	76	5	include	include	VERB
amfbr-132	76	6	earnings	earning	NOUN
amfbr-132	76	7	in	in	ADP
amfbr-132	76	8	its	its	PRON
amfbr-132	76	9	analyses	analysis	NOUN
amfbr-132	76	10	.	.	PUNCT
amfbr-132	77	1	hence	hence	ADV
amfbr-132	77	2	,	,	PUNCT
amfbr-132	77	3	its	its	PRON
amfbr-132	77	4	findings	finding	NOUN
amfbr-132	77	5	can	can	AUX
amfbr-132	77	6	not	not	PART
amfbr-132	77	7	be	be	AUX
amfbr-132	77	8	quite	quite	ADV
amfbr-132	77	9	conclusive	conclusive	ADJ
amfbr-132	77	10	as	as	ADP
amfbr-132	77	11	to	to	ADP
amfbr-132	77	12	the	the	DET
amfbr-132	77	13	impact	impact	NOUN
amfbr-132	77	14	of	of	ADP
amfbr-132	77	15	dividend	dividend	NOUN
amfbr-132	77	16	on	on	ADP
amfbr-132	77	17	share	share	NOUN
amfbr-132	77	18	price	price	NOUN
amfbr-132	77	19	given	give	VERB
amfbr-132	77	20	the	the	DET
amfbr-132	77	21	effect	effect	NOUN
amfbr-132	77	22	of	of	ADP
amfbr-132	77	23	earnings	earning	NOUN
amfbr-132	77	24	.	.	PUNCT
amfbr-132	78	1	ozuomba	ozuomba	NOUN
amfbr-132	78	2	,	,	PUNCT
amfbr-132	78	3	okaro	okaro	NOUN
amfbr-132	78	4	and	and	CCONJ
amfbr-132	78	5	okoye	okoye	PROPN
amfbr-132	78	6	(	(	PUNCT
amfbr-132	78	7	2013	2013	NUM
amfbr-132	78	8	)	)	PUNCT
amfbr-132	78	9	carried	carry	VERB
amfbr-132	78	10	out	out	ADP
amfbr-132	78	11	research	research	NOUN
amfbr-132	78	12	to	to	PART
amfbr-132	78	13	test	test	VERB
amfbr-132	78	14	the	the	DET
amfbr-132	78	15	effect	effect	NOUN
amfbr-132	78	16	of	of	ADP
amfbr-132	78	17	dividend	dividend	NOUN
amfbr-132	78	18	policy	policy	NOUN
amfbr-132	78	19	on	on	ADP
amfbr-132	78	20	shareholder	shareholder	NOUN
amfbr-132	78	21	’s	’s	PART
amfbr-132	78	22	wealth	wealth	NOUN
amfbr-132	78	23	of	of	ADP
amfbr-132	78	24	public	public	ADJ
amfbr-132	78	25	firms	firm	NOUN
amfbr-132	78	26	in	in	ADP
amfbr-132	78	27	nigeria	nigeria	PROPN
amfbr-132	78	28	for	for	ADP
amfbr-132	78	29	a	a	DET
amfbr-132	78	30	period	period	NOUN
amfbr-132	78	31	of	of	ADP
amfbr-132	78	32	twelve	twelve	NUM
amfbr-132	78	33	years	year	NOUN
amfbr-132	78	34	(	(	PUNCT
amfbr-132	78	35	2000	2000	NUM
amfbr-132	78	36	-	-	SYM
amfbr-132	78	37	2011	2011	NUM
amfbr-132	78	38	)	)	PUNCT
amfbr-132	78	39	.	.	PUNCT
amfbr-132	79	1	secondary	secondary	ADJ
amfbr-132	79	2	data	datum	NOUN
amfbr-132	79	3	of	of	ADP
amfbr-132	79	4	ten	ten	NUM
amfbr-132	79	5	randomly	randomly	ADV
amfbr-132	79	6	selected	select	VERB
amfbr-132	79	7	firms	firm	NOUN
amfbr-132	79	8	out	out	ADP
amfbr-132	79	9	of	of	ADP
amfbr-132	79	10	two	two	NUM
amfbr-132	79	11	hundred	hundred	NUM
amfbr-132	79	12	and	and	CCONJ
amfbr-132	79	13	sixteen	sixteen	NUM
amfbr-132	79	14	public	public	ADJ
amfbr-132	79	15	limited	limited	ADJ
amfbr-132	79	16	firms	firm	NOUN
amfbr-132	79	17	were	be	AUX
amfbr-132	79	18	analysed	analyse	VERB
amfbr-132	79	19	with	with	ADP
amfbr-132	79	20	multiple	multiple	ADJ
amfbr-132	79	21	regression	regression	NOUN
amfbr-132	79	22	model	model	NOUN
amfbr-132	79	23	using	use	VERB
amfbr-132	79	24	dividend	dividend	NOUN
amfbr-132	79	25	per	per	ADP
amfbr-132	79	26	share	share	NOUN
amfbr-132	79	27	as	as	ADP
amfbr-132	79	28	the	the	DET
amfbr-132	79	29	dependent	dependent	ADJ
amfbr-132	79	30	variable	variable	NOUN
amfbr-132	79	31	while	while	SCONJ
amfbr-132	79	32	earning	earn	VERB
amfbr-132	79	33	per	per	ADP
amfbr-132	79	34	share	share	NOUN
amfbr-132	79	35	(	(	PUNCT
amfbr-132	79	36	eps	eps	NOUN
amfbr-132	79	37	)	)	PUNCT
amfbr-132	79	38	and	and	CCONJ
amfbr-132	79	39	market	market	NOUN
amfbr-132	79	40	price	price	NOUN
amfbr-132	79	41	per	per	ADP
amfbr-132	79	42	share	share	NOUN
amfbr-132	79	43	(	(	PUNCT
amfbr-132	79	44	mps	mps	PROPN
amfbr-132	79	45	)	)	PUNCT
amfbr-132	79	46	are	be	AUX
amfbr-132	79	47	the	the	DET
amfbr-132	79	48	independent	independent	ADJ
amfbr-132	79	49	variables	variable	NOUN
amfbr-132	79	50	.	.	PUNCT
amfbr-132	80	1	the	the	DET
amfbr-132	80	2	results	result	NOUN
amfbr-132	80	3	showed	show	VERB
amfbr-132	80	4	that	that	SCONJ
amfbr-132	80	5	the	the	DET
amfbr-132	80	6	eps	eps	PROPN
amfbr-132	80	7	and	and	CCONJ
amfbr-132	80	8	mps	mp	NOUN
amfbr-132	80	9	of	of	ADP
amfbr-132	80	10	eight	eight	NUM
amfbr-132	80	11	firms	firm	NOUN
amfbr-132	80	12	are	be	AUX
amfbr-132	80	13	both	both	ADV
amfbr-132	80	14	statistically	statistically	ADV
amfbr-132	80	15	significant	significant	ADJ
amfbr-132	80	16	and	and	CCONJ
amfbr-132	80	17	have	have	VERB
amfbr-132	80	18	impact	impact	NOUN
amfbr-132	80	19	on	on	ADP
amfbr-132	80	20	shareholder	shareholder	NOUN
amfbr-132	80	21	’s	’s	PART
amfbr-132	80	22	wealth	wealth	NOUN
amfbr-132	80	23	of	of	ADP
amfbr-132	80	24	the	the	DET
amfbr-132	80	25	quoted	quote	VERB
amfbr-132	80	26	firms	firm	NOUN
amfbr-132	80	27	while	while	SCONJ
amfbr-132	80	28	that	that	PRON
amfbr-132	80	29	of	of	ADP
amfbr-132	80	30	two	two	NUM
amfbr-132	80	31	firms	firm	NOUN
amfbr-132	80	32	are	be	AUX
amfbr-132	80	33	not	not	PART
amfbr-132	80	34	statistically	statistically	ADV
amfbr-132	80	35	significant	significant	ADJ
amfbr-132	80	36	at	at	ADP
amfbr-132	80	37	10	10	NUM
amfbr-132	80	38	%	%	NOUN
amfbr-132	80	39	confidence	confidence	NOUN
amfbr-132	80	40	interval	interval	NOUN
amfbr-132	80	41	.	.	PUNCT
amfbr-132	81	1	the	the	DET
amfbr-132	81	2	model	model	NOUN
amfbr-132	81	3	of	of	ADP
amfbr-132	81	4	this	this	DET
amfbr-132	81	5	study	study	NOUN
amfbr-132	81	6	is	be	AUX
amfbr-132	81	7	wrong	wrong	ADJ
amfbr-132	81	8	as	as	SCONJ
amfbr-132	81	9	it	it	PRON
amfbr-132	81	10	used	use	VERB
amfbr-132	81	11	dividend	dividend	NOUN
amfbr-132	81	12	as	as	ADP
amfbr-132	81	13	the	the	DET
amfbr-132	81	14	dependent	dependent	ADJ
amfbr-132	81	15	variable	variable	NOUN
amfbr-132	81	16	instead	instead	ADV
amfbr-132	81	17	of	of	ADP
amfbr-132	81	18	share	share	NOUN
amfbr-132	81	19	price	price	NOUN
amfbr-132	81	20	to	to	PART
amfbr-132	81	21	represent	represent	VERB
amfbr-132	81	22	shareholders	shareholder	NOUN
amfbr-132	81	23	wealth	wealth	NOUN
amfbr-132	81	24	as	as	SCONJ
amfbr-132	81	25	stated	state	VERB
amfbr-132	81	26	in	in	ADP
amfbr-132	81	27	its	its	PRON
amfbr-132	81	28	objective	objective	NOUN
amfbr-132	81	29	.	.	PUNCT
amfbr-132	82	1	the	the	DET
amfbr-132	82	2	data	datum	NOUN
amfbr-132	82	3	on	on	ADP
amfbr-132	82	4	eps	eps	PROPN
amfbr-132	82	5	,	,	PUNCT
amfbr-132	82	6	dps	dps	PROPN
amfbr-132	82	7	and	and	CCONJ
amfbr-132	82	8	mps	mp	NOUN
amfbr-132	82	9	are	be	AUX
amfbr-132	82	10	not	not	PART
amfbr-132	82	11	synchronized	synchronize	VERB
amfbr-132	82	12	.	.	PUNCT
amfbr-132	83	1	data	datum	NOUN
amfbr-132	83	2	used	use	VERB
amfbr-132	83	3	is	be	AUX
amfbr-132	83	4	also	also	ADV
amfbr-132	83	5	scanty	scanty	ADJ
amfbr-132	83	6	because	because	SCONJ
amfbr-132	83	7	instead	instead	ADV
amfbr-132	83	8	of	of	ADP
amfbr-132	83	9	using	use	VERB
amfbr-132	83	10	panel	panel	NOUN
amfbr-132	83	11	data	datum	NOUN
amfbr-132	83	12	,	,	PUNCT
amfbr-132	83	13	it	it	PRON
amfbr-132	83	14	did	do	VERB
amfbr-132	83	15	the	the	DET
amfbr-132	83	16	analyses	analysis	NOUN
amfbr-132	83	17	as	as	ADP
amfbr-132	83	18	time	time	NOUN
amfbr-132	83	19	series	series	NOUN
amfbr-132	83	20	of	of	ADP
amfbr-132	83	21	individual	individual	ADJ
amfbr-132	83	22	companies	company	NOUN
amfbr-132	83	23	,	,	PUNCT
amfbr-132	83	24	and	and	CCONJ
amfbr-132	83	25	therefore	therefore	ADV
amfbr-132	83	26	its	its	PRON
amfbr-132	83	27	findings	finding	NOUN
amfbr-132	83	28	are	be	AUX
amfbr-132	83	29	very	very	ADV
amfbr-132	83	30	misleading	misleading	ADJ
amfbr-132	83	31	.	.	PUNCT
amfbr-132	84	1	ordu	ordu	PROPN
amfbr-132	84	2	,	,	PUNCT
amfbr-132	84	3	enekwe	enekwe	VERB
amfbr-132	84	4	and	and	CCONJ
amfbr-132	84	5	anyanwaokoro	anyanwaokoro	PROPN
amfbr-132	84	6	(	(	PUNCT
amfbr-132	84	7	2014	2014	NUM
amfbr-132	84	8	)	)	PUNCT
amfbr-132	84	9	conducted	conduct	VERB
amfbr-132	84	10	a	a	DET
amfbr-132	84	11	study	study	NOUN
amfbr-132	84	12	to	to	PART
amfbr-132	84	13	find	find	VERB
amfbr-132	84	14	out	out	ADP
amfbr-132	84	15	the	the	DET
amfbr-132	84	16	effect	effect	NOUN
amfbr-132	84	17	of	of	ADP
amfbr-132	84	18	dividend	dividend	NOUN
amfbr-132	84	19	payment	payment	NOUN
amfbr-132	84	20	on	on	ADP
amfbr-132	84	21	the	the	DET
amfbr-132	84	22	market	market	NOUN
amfbr-132	84	23	share	share	NOUN
amfbr-132	84	24	prices	price	NOUN
amfbr-132	84	25	in	in	ADP
amfbr-132	84	26	nigeria	nigeria	PROPN
amfbr-132	84	27	.	.	PUNCT
amfbr-132	85	1	seventeen	seventeen	NUM
amfbr-132	85	2	quoted	quote	VERB
amfbr-132	85	3	firms	firm	NOUN
amfbr-132	85	4	were	be	AUX
amfbr-132	85	5	considered	consider	VERB
amfbr-132	85	6	for	for	ADP
amfbr-132	85	7	a	a	DET
amfbr-132	85	8	period	period	NOUN
amfbr-132	85	9	of	of	ADP
amfbr-132	85	10	twelve	twelve	NUM
amfbr-132	85	11	years	year	NOUN
amfbr-132	85	12	(	(	PUNCT
amfbr-132	85	13	2000	2000	NUM
amfbr-132	85	14	-	-	SYM
amfbr-132	85	15	2011	2011	NUM
amfbr-132	85	16	)	)	PUNCT
amfbr-132	85	17	.	.	PUNCT
amfbr-132	86	1	using	use	VERB
amfbr-132	86	2	the	the	DET
amfbr-132	86	3	ordinary	ordinary	ADJ
amfbr-132	86	4	least	least	ADJ
amfbr-132	86	5	squares	square	NOUN
amfbr-132	86	6	technique	technique	NOUN
amfbr-132	86	7	,	,	PUNCT
amfbr-132	86	8	positive	positive	ADJ
amfbr-132	86	9	effect	effect	NOUN
amfbr-132	86	10	was	be	AUX
amfbr-132	86	11	found	find	VERB
amfbr-132	86	12	between	between	ADP
amfbr-132	86	13	market	market	NOUN
amfbr-132	86	14	share	share	NOUN
amfbr-132	86	15	price	price	NOUN
amfbr-132	86	16	(	(	PUNCT
amfbr-132	86	17	mps	mps	PROPN
amfbr-132	86	18	)	)	PUNCT
amfbr-132	86	19	and	and	CCONJ
amfbr-132	86	20	dividend	dividend	NOUN
amfbr-132	86	21	per	per	ADP
amfbr-132	86	22	share	share	NOUN
amfbr-132	86	23	(	(	PUNCT
amfbr-132	86	24	dps	dps	NOUN
amfbr-132	86	25	)	)	PUNCT
amfbr-132	86	26	.	.	PUNCT
amfbr-132	87	1	this	this	DET
amfbr-132	87	2	result	result	NOUN
amfbr-132	87	3	supports	support	VERB
amfbr-132	87	4	the	the	DET
amfbr-132	87	5	dividend	dividend	NOUN
amfbr-132	87	6	relevance	relevance	NOUN
amfbr-132	87	7	theory	theory	NOUN
amfbr-132	87	8	,	,	PUNCT
amfbr-132	87	9	confirming	confirm	VERB
amfbr-132	87	10	that	that	SCONJ
amfbr-132	87	11	dividend	dividend	NOUN
amfbr-132	87	12	increase	increase	NOUN
amfbr-132	87	13	results	result	NOUN
amfbr-132	87	14	to	to	ADP
amfbr-132	87	15	an	an	DET
amfbr-132	87	16	increase	increase	NOUN
amfbr-132	87	17	in	in	ADP
amfbr-132	87	18	market	market	NOUN
amfbr-132	87	19	share	share	NOUN
amfbr-132	87	20	price	price	NOUN
amfbr-132	87	21	.	.	PUNCT
amfbr-132	88	1	dada	dada	NOUN
amfbr-132	88	2	,	,	PUNCT
amfbr-132	88	3	malomo	malomo	NOUN
amfbr-132	88	4	and	and	CCONJ
amfbr-132	88	5	ojediran	ojediran	ADJ
amfbr-132	88	6	(	(	PUNCT
amfbr-132	88	7	2015	2015	NUM
amfbr-132	88	8	)	)	PUNCT
amfbr-132	88	9	support	support	NOUN
amfbr-132	88	10	this	this	DET
amfbr-132	88	11	argument	argument	NOUN
amfbr-132	88	12	and	and	CCONJ
amfbr-132	88	13	concluded	conclude	VERB
amfbr-132	88	14	that	that	SCONJ
amfbr-132	88	15	investors	investor	NOUN
amfbr-132	88	16	prefer	prefer	VERB
amfbr-132	88	17	dividend	dividend	NOUN
amfbr-132	88	18	payment	payment	NOUN
amfbr-132	88	19	to	to	ADP
amfbr-132	88	20	future	future	ADJ
amfbr-132	88	21	growth	growth	NOUN
amfbr-132	88	22	.	.	PUNCT
amfbr-132	89	1	iqbal	iqbal	PROPN
amfbr-132	89	2	,	,	PUNCT
amfbr-132	89	3	ahmed	ahmed	PROPN
amfbr-132	89	4	and	and	CCONJ
amfbr-132	89	5	shafi	shafi	PROPN
amfbr-132	89	6	(	(	PUNCT
amfbr-132	89	7	2014	2014	NUM
amfbr-132	89	8	)	)	PUNCT
amfbr-132	89	9	looked	look	VERB
amfbr-132	89	10	at	at	ADP
amfbr-132	89	11	the	the	DET
amfbr-132	89	12	effect	effect	NOUN
amfbr-132	89	13	of	of	ADP
amfbr-132	89	14	dividend	dividend	NOUN
amfbr-132	89	15	bubble	bubble	NOUN
amfbr-132	89	16	on	on	ADP
amfbr-132	89	17	share	share	NOUN
amfbr-132	89	18	prices	price	NOUN
amfbr-132	89	19	of	of	ADP
amfbr-132	89	20	thirty	thirty	NUM
amfbr-132	89	21	quoted	quote	VERB
amfbr-132	89	22	firms	firm	NOUN
amfbr-132	89	23	in	in	ADP
amfbr-132	89	24	karachi	karachi	PROPN
amfbr-132	89	25	stock	stock	PROPN
amfbr-132	89	26	exchange	exchange	PROPN
amfbr-132	89	27	for	for	ADP
amfbr-132	89	28	a	a	DET
amfbr-132	89	29	time	time	NOUN
amfbr-132	89	30	frame	frame	NOUN
amfbr-132	89	31	of	of	ADP
amfbr-132	89	32	eleven	eleven	NUM
amfbr-132	89	33	years	year	NOUN
amfbr-132	89	34	.	.	PUNCT
amfbr-132	90	1	time	time	PROPN
amfbr-132	90	2	series	series	PROPN
amfbr-132	90	3	data	datum	NOUN
amfbr-132	90	4	of	of	ADP
amfbr-132	90	5	the	the	DET
amfbr-132	90	6	thirty	thirty	NUM
amfbr-132	90	7	listed	list	VERB
amfbr-132	90	8	firms	firm	NOUN
amfbr-132	90	9	were	be	AUX
amfbr-132	90	10	analysed	analyse	VERB
amfbr-132	90	11	with	with	ADP
amfbr-132	90	12	linear	linear	PROPN
amfbr-132	90	13	regression	regression	NOUN
amfbr-132	90	14	model	model	NOUN
amfbr-132	90	15	.	.	PUNCT
amfbr-132	91	1	the	the	DET
amfbr-132	91	2	result	result	NOUN
amfbr-132	91	3	showed	show	VERB
amfbr-132	91	4	that	that	SCONJ
amfbr-132	91	5	earning	earn	VERB
amfbr-132	91	6	per	per	ADP
amfbr-132	91	7	share	share	NOUN
amfbr-132	91	8	,	,	PUNCT
amfbr-132	91	9	return	return	VERB
amfbr-132	91	10	on	on	ADP
amfbr-132	91	11	equity	equity	NOUN
amfbr-132	91	12	,	,	PUNCT
amfbr-132	91	13	retention	retention	NOUN
amfbr-132	91	14	ratio	ratio	NOUN
amfbr-132	91	15	are	be	AUX
amfbr-132	91	16	positively	positively	ADV
amfbr-132	91	17	correlated	correlate	VERB
amfbr-132	91	18	with	with	ADP
amfbr-132	91	19	share	share	NOUN
amfbr-132	91	20	price	price	NOUN
amfbr-132	91	21	while	while	SCONJ
amfbr-132	91	22	dividend	dividend	NOUN
amfbr-132	91	23	yield	yield	NOUN
amfbr-132	91	24	and	and	CCONJ
amfbr-132	91	25	price	price	NOUN
amfbr-132	91	26	earnings	earning	NOUN
amfbr-132	91	27	ratio	ratio	NOUN
amfbr-132	91	28	have	have	VERB
amfbr-132	91	29	a	a	DET
amfbr-132	91	30	negative	negative	ADJ
amfbr-132	91	31	impact	impact	NOUN
amfbr-132	91	32	on	on	ADP
amfbr-132	91	33	share	share	NOUN
amfbr-132	91	34	price	price	NOUN
amfbr-132	91	35	.	.	PUNCT
amfbr-132	92	1	the	the	DET
amfbr-132	92	2	study	study	NOUN
amfbr-132	92	3	however	however	ADV
amfbr-132	92	4	concluded	conclude	VERB
amfbr-132	92	5	that	that	SCONJ
amfbr-132	92	6	dividend	dividend	NOUN
amfbr-132	92	7	has	have	VERB
amfbr-132	92	8	a	a	DET
amfbr-132	92	9	strong	strong	ADJ
amfbr-132	92	10	positive	positive	ADJ
amfbr-132	92	11	impact	impact	NOUN
amfbr-132	92	12	on	on	ADP
amfbr-132	92	13	share	share	NOUN
amfbr-132	92	14	prices	price	NOUN
amfbr-132	92	15	of	of	ADP
amfbr-132	92	16	kse	kse	PROPN
amfbr-132	92	17	and	and	CCONJ
amfbr-132	92	18	thus	thus	ADV
amfbr-132	92	19	,	,	PUNCT
amfbr-132	92	20	supports	support	VERB
amfbr-132	92	21	the	the	DET
amfbr-132	92	22	dividend	dividend	NOUN
amfbr-132	92	23	relevance	relevance	NOUN
amfbr-132	92	24	theory	theory	NOUN
amfbr-132	92	25	.	.	PUNCT
amfbr-132	93	1	this	this	DET
amfbr-132	93	2	study	study	NOUN
amfbr-132	93	3	is	be	AUX
amfbr-132	93	4	faulted	fault	VERB
amfbr-132	93	5	because	because	SCONJ
amfbr-132	93	6	of	of	ADP
amfbr-132	93	7	the	the	DET
amfbr-132	93	8	use	use	NOUN
amfbr-132	93	9	of	of	ADP
amfbr-132	93	10	time	time	NOUN
amfbr-132	93	11	series	series	NOUN
amfbr-132	93	12	of	of	ADP
amfbr-132	93	13	thirty	thirty	NUM
amfbr-132	93	14	firms	firm	NOUN
amfbr-132	93	15	for	for	ADP
amfbr-132	93	16	a	a	DET
amfbr-132	93	17	period	period	NOUN
amfbr-132	93	18	of	of	ADP
amfbr-132	93	19	eleven	eleven	NUM
amfbr-132	93	20	years	year	NOUN
amfbr-132	93	21	.	.	PUNCT
amfbr-132	94	1	a	a	DET
amfbr-132	94	2	panel	panel	NOUN
amfbr-132	94	3	data	datum	NOUN
amfbr-132	94	4	would	would	AUX
amfbr-132	94	5	have	have	AUX
amfbr-132	94	6	been	be	AUX
amfbr-132	94	7	more	more	ADV
amfbr-132	94	8	appropriate	appropriate	ADJ
amfbr-132	94	9	in	in	ADP
amfbr-132	94	10	order	order	NOUN
amfbr-132	94	11	to	to	PART
amfbr-132	94	12	get	get	VERB
amfbr-132	94	13	valid	valid	ADJ
amfbr-132	94	14	findings	finding	NOUN
amfbr-132	94	15	and	and	CCONJ
amfbr-132	94	16	conclusion	conclusion	NOUN
amfbr-132	94	17	.	.	PUNCT
amfbr-132	95	1	oyinlola	oyinlola	PROPN
amfbr-132	95	2	and	and	CCONJ
amfbr-132	95	3	ajeigbe	ajeigbe	PROPN
amfbr-132	95	4	(	(	PUNCT
amfbr-132	95	5	2014	2014	NUM
amfbr-132	95	6	)	)	PUNCT
amfbr-132	95	7	examined	examine	VERB
amfbr-132	95	8	the	the	DET
amfbr-132	95	9	impact	impact	NOUN
amfbr-132	95	10	of	of	ADP
amfbr-132	95	11	dividend	dividend	NOUN
amfbr-132	95	12	policy	policy	NOUN
amfbr-132	95	13	on	on	ADP
amfbr-132	95	14	stock	stock	NOUN
amfbr-132	95	15	prices	price	NOUN
amfbr-132	95	16	of	of	ADP
amfbr-132	95	17	quoted	quote	VERB
amfbr-132	95	18	firms	firm	NOUN
amfbr-132	95	19	in	in	ADP
amfbr-132	95	20	nigeria	nigeria	PROPN
amfbr-132	95	21	,	,	PUNCT
amfbr-132	95	22	using	use	VERB
amfbr-132	95	23	22	22	NUM
amfbr-132	95	24	companies	company	NOUN
amfbr-132	95	25	listed	list	VERB
amfbr-132	95	26	on	on	ADP
amfbr-132	95	27	the	the	DET
amfbr-132	95	28	nigerian	nigerian	ADJ
amfbr-132	95	29	stock	stock	NOUN
amfbr-132	95	30	exchange	exchange	NOUN
amfbr-132	95	31	over	over	ADP
amfbr-132	95	32	the	the	DET
amfbr-132	95	33	period	period	NOUN
amfbr-132	95	34	2009	2009	NUM
amfbr-132	95	35	–	–	PUNCT
amfbr-132	95	36	2013	2013	NUM
amfbr-132	95	37	.	.	PUNCT
amfbr-132	96	1	it	it	PRON
amfbr-132	96	2	used	use	VERB
amfbr-132	96	3	panel	panel	NOUN
amfbr-132	96	4	regression	regression	NOUN
amfbr-132	96	5	model	model	NOUN
amfbr-132	96	6	to	to	PART
amfbr-132	96	7	determine	determine	VERB
amfbr-132	96	8	the	the	DET
amfbr-132	96	9	impact	impact	NOUN
amfbr-132	96	10	of	of	ADP
amfbr-132	96	11	dividend	dividend	NOUN
amfbr-132	96	12	per	per	ADP
amfbr-132	96	13	share	share	NOUN
amfbr-132	96	14	and	and	CCONJ
amfbr-132	96	15	retained	retain	VERB
amfbr-132	96	16	earnings	earning	NOUN
amfbr-132	96	17	per	per	ADP
amfbr-132	96	18	share	share	NOUN
amfbr-132	96	19	on	on	ADP
amfbr-132	96	20	share	share	NOUN
amfbr-132	96	21	price	price	NOUN
amfbr-132	96	22	.	.	PUNCT
amfbr-132	97	1	the	the	DET
amfbr-132	97	2	results	result	NOUN
amfbr-132	97	3	indicate	indicate	VERB
amfbr-132	97	4	that	that	SCONJ
amfbr-132	97	5	both	both	DET
amfbr-132	97	6	dividend	dividend	NOUN
amfbr-132	97	7	and	and	CCONJ
amfbr-132	97	8	retained	retain	VERB
amfbr-132	97	9	earnings	earning	NOUN
amfbr-132	97	10	significantly	significantly	ADV
amfbr-132	97	11	impact	impact	NOUN
amfbr-132	97	12	on	on	ADP
amfbr-132	97	13	share	share	NOUN
amfbr-132	97	14	price	price	NOUN
amfbr-132	97	15	.	.	PUNCT
amfbr-132	98	1	in	in	ADP
amfbr-132	98	2	addition	addition	NOUN
amfbr-132	98	3	,	,	PUNCT
amfbr-132	98	4	granger	granger	PROPN
amfbr-132	98	5	causality	causality	NOUN
amfbr-132	98	6	tests	test	NOUN
amfbr-132	98	7	indicate	indicate	VERB
amfbr-132	98	8	that	that	DET
amfbr-132	98	9	dividend	dividend	NOUN
amfbr-132	98	10	per	per	ADP
amfbr-132	98	11	share	share	NOUN
amfbr-132	98	12	granger	granger	PROPN
amfbr-132	98	13	cause	cause	VERB
amfbr-132	98	14	share	share	NOUN
amfbr-132	98	15	price	price	NOUN
amfbr-132	98	16	.	.	PUNCT
amfbr-132	99	1	toby	toby	PROPN
amfbr-132	99	2	(	(	PUNCT
amfbr-132	99	3	2014	2014	NUM
amfbr-132	99	4	)	)	PUNCT
amfbr-132	99	5	studied	study	VERB
amfbr-132	99	6	the	the	DET
amfbr-132	99	7	relevance	relevance	NOUN
amfbr-132	99	8	of	of	ADP
amfbr-132	99	9	dividend	dividend	NOUN
amfbr-132	99	10	policy	policy	NOUN
amfbr-132	99	11	in	in	ADP
amfbr-132	99	12	share	share	NOUN
amfbr-132	99	13	price	price	NOUN
amfbr-132	99	14	determination	determination	NOUN
amfbr-132	99	15	in	in	ADP
amfbr-132	99	16	the	the	DET
amfbr-132	99	17	nigerian	nigerian	ADJ
amfbr-132	99	18	stock	stock	NOUN
amfbr-132	99	19	market	market	NOUN
amfbr-132	99	20	with	with	ADP
amfbr-132	99	21	a	a	DET
amfbr-132	99	22	sample	sample	NOUN
amfbr-132	99	23	of	of	ADP
amfbr-132	99	24	twenty	twenty	NUM
amfbr-132	99	25	stocks	stock	NOUN
amfbr-132	99	26	within	within	ADP
amfbr-132	99	27	the	the	DET
amfbr-132	99	28	period	period	NOUN
amfbr-132	99	29	2005	2005	NUM
amfbr-132	99	30	-	-	SYM
amfbr-132	99	31	2012	2012	NUM
amfbr-132	99	32	with	with	ADP
amfbr-132	99	33	regression	regression	NOUN
amfbr-132	99	34	analyses	analysis	NOUN
amfbr-132	99	35	of	of	ADP
amfbr-132	99	36	dividend	dividend	NOUN
amfbr-132	99	37	and	and	CCONJ
amfbr-132	99	38	retained	retain	VERB
amfbr-132	99	39	earnings	earning	NOUN
amfbr-132	99	40	time	time	NOUN
amfbr-132	99	41	series	series	PROPN
amfbr-132	99	42	data	datum	NOUN
amfbr-132	99	43	on	on	ADP
amfbr-132	99	44	individual	individual	ADJ
amfbr-132	99	45	companies	company	NOUN
amfbr-132	99	46	.	.	PUNCT
amfbr-132	100	1	the	the	DET
amfbr-132	100	2	study	study	NOUN
amfbr-132	100	3	found	find	VERB
amfbr-132	100	4	that	that	SCONJ
amfbr-132	100	5	there	there	PRON
amfbr-132	100	6	is	be	VERB
amfbr-132	100	7	no	no	DET
amfbr-132	100	8	significant	significant	ADJ
amfbr-132	100	9	relationship	relationship	NOUN
amfbr-132	100	10	between	between	ADP
amfbr-132	100	11	change	change	NOUN
amfbr-132	100	12	in	in	ADP
amfbr-132	100	13	dividend	dividend	NOUN
amfbr-132	100	14	policy	policy	NOUN
amfbr-132	100	15	and	and	CCONJ
amfbr-132	100	16	change	change	NOUN
amfbr-132	100	17	in	in	ADP
amfbr-132	100	18	share	share	NOUN
amfbr-132	100	19	price	price	NOUN
amfbr-132	100	20	.	.	PUNCT
amfbr-132	101	1	this	this	DET
amfbr-132	101	2	surprising	surprising	ADJ
amfbr-132	101	3	result	result	NOUN
amfbr-132	101	4	differs	differ	VERB
amfbr-132	101	5	from	from	ADP
amfbr-132	101	6	the	the	DET
amfbr-132	101	7	extant	extant	ADJ
amfbr-132	101	8	literature	literature	NOUN
amfbr-132	101	9	on	on	ADP
amfbr-132	101	10	the	the	DET
amfbr-132	101	11	impact	impact	NOUN
amfbr-132	101	12	of	of	ADP
amfbr-132	101	13	dividend	dividend	NOUN
amfbr-132	101	14	on	on	ADP
amfbr-132	101	15	share	share	NOUN
amfbr-132	101	16	price	price	NOUN
amfbr-132	101	17	.	.	PUNCT
amfbr-132	102	1	the	the	DET
amfbr-132	102	2	result	result	NOUN
amfbr-132	102	3	carried	carry	VERB
amfbr-132	102	4	out	out	ADP
amfbr-132	102	5	the	the	DET
amfbr-132	102	6	analysis	analysis	NOUN
amfbr-132	102	7	on	on	ADP
amfbr-132	102	8	company	company	NOUN
amfbr-132	102	9	basis	basis	NOUN
amfbr-132	102	10	(	(	PUNCT
amfbr-132	102	11	separate	separate	ADJ
amfbr-132	102	12	regression	regression	NOUN
amfbr-132	102	13	analyses	analysis	NOUN
amfbr-132	102	14	for	for	ADP
amfbr-132	102	15	each	each	DET
amfbr-132	102	16	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	ADJ
amfbr-132	102	17	american	american	PROPN
amfbr-132	102	18	finance	finance	PROPN
amfbr-132	102	19	&	&	CCONJ
amfbr-132	102	20	banking	banking	PROPN
amfbr-132	102	21	review	review	PROPN
amfbr-132	102	22	vol	vol	NOUN
amfbr-132	102	23	.	.	PROPN
amfbr-132	103	1	2	2	NUM
amfbr-132	103	2	,	,	PUNCT
amfbr-132	103	3	no	no	INTJ
amfbr-132	103	4	.	.	NOUN
amfbr-132	103	5	2	2	NUM
amfbr-132	103	6	;	;	PUNCT
amfbr-132	103	7	2018	2018	NUM
amfbr-132	103	8	4	4	NUM
amfbr-132	103	9	stock	stock	NOUN
amfbr-132	103	10	in	in	ADP
amfbr-132	103	11	the	the	DET
amfbr-132	103	12	sample	sample	NOUN
amfbr-132	103	13	)	)	PUNCT
amfbr-132	103	14	rather	rather	ADV
amfbr-132	103	15	than	than	SCONJ
amfbr-132	103	16	use	use	VERB
amfbr-132	103	17	cross	cross	ADJ
amfbr-132	103	18	-	-	ADJ
amfbr-132	103	19	sectional	sectional	ADJ
amfbr-132	103	20	or	or	CCONJ
amfbr-132	103	21	panel	panel	NOUN
amfbr-132	103	22	data	datum	NOUN
amfbr-132	103	23	which	which	PRON
amfbr-132	103	24	will	will	AUX
amfbr-132	103	25	capture	capture	VERB
amfbr-132	103	26	inter	inter	ADJ
amfbr-132	103	27	-	-	ADJ
amfbr-132	103	28	company	company	ADJ
amfbr-132	103	29	variations	variation	NOUN
amfbr-132	103	30	.	.	PUNCT
amfbr-132	104	1	furthermore	furthermore	ADV
amfbr-132	104	2	,	,	PUNCT
amfbr-132	104	3	the	the	DET
amfbr-132	104	4	study	study	NOUN
amfbr-132	104	5	did	do	AUX
amfbr-132	104	6	not	not	PART
amfbr-132	104	7	include	include	VERB
amfbr-132	104	8	appropriately	appropriately	ADV
amfbr-132	104	9	defined	define	VERB
amfbr-132	104	10	earnings	earning	NOUN
amfbr-132	104	11	variable	variable	NOUN
amfbr-132	104	12	in	in	ADP
amfbr-132	104	13	the	the	DET
amfbr-132	104	14	analyses	analysis	NOUN
amfbr-132	104	15	.	.	PUNCT
amfbr-132	105	1	it	it	PRON
amfbr-132	105	2	instead	instead	ADV
amfbr-132	105	3	used	use	VERB
amfbr-132	105	4	retained	retain	VERB
amfbr-132	105	5	earnings	earning	NOUN
amfbr-132	105	6	.	.	PUNCT
amfbr-132	106	1	in	in	ADP
amfbr-132	106	2	the	the	DET
amfbr-132	106	3	results	result	NOUN
amfbr-132	106	4	neither	neither	CCONJ
amfbr-132	106	5	dividend	dividend	NOUN
amfbr-132	106	6	nor	nor	CCONJ
amfbr-132	106	7	retained	retain	VERB
amfbr-132	106	8	earnings	earning	NOUN
amfbr-132	106	9	was	be	AUX
amfbr-132	106	10	a	a	DET
amfbr-132	106	11	statistically	statistically	ADV
amfbr-132	106	12	significant	significant	ADJ
amfbr-132	106	13	determinant	determinant	NOUN
amfbr-132	106	14	of	of	ADP
amfbr-132	106	15	share	share	NOUN
amfbr-132	106	16	price	price	NOUN
amfbr-132	106	17	.	.	PUNCT
amfbr-132	107	1	the	the	DET
amfbr-132	107	2	conclusion	conclusion	NOUN
amfbr-132	107	3	of	of	ADP
amfbr-132	107	4	the	the	DET
amfbr-132	107	5	study	study	NOUN
amfbr-132	107	6	that	that	SCONJ
amfbr-132	107	7	“	"	PUNCT
amfbr-132	107	8	the	the	DET
amfbr-132	107	9	results	result	NOUN
amfbr-132	107	10	agree	agree	VERB
amfbr-132	107	11	with	with	ADP
amfbr-132	107	12	the	the	DET
amfbr-132	107	13	earlier	early	ADJ
amfbr-132	107	14	research	research	NOUN
amfbr-132	107	15	works	work	NOUN
amfbr-132	107	16	which	which	PRON
amfbr-132	107	17	argue	argue	VERB
amfbr-132	107	18	that	that	SCONJ
amfbr-132	107	19	dividend	dividend	NOUN
amfbr-132	107	20	policy	policy	NOUN
amfbr-132	107	21	is	be	AUX
amfbr-132	107	22	irrelevant	irrelevant	ADJ
amfbr-132	107	23	in	in	ADP
amfbr-132	107	24	determining	determine	VERB
amfbr-132	107	25	enterprise	enterprise	NOUN
amfbr-132	107	26	value	value	NOUN
amfbr-132	107	27	”	"	PUNCT
amfbr-132	107	28	is	be	AUX
amfbr-132	107	29	therefore	therefore	ADV
amfbr-132	107	30	very	very	ADV
amfbr-132	107	31	suspect	suspect	ADJ
amfbr-132	107	32	and	and	CCONJ
amfbr-132	107	33	invalid	invalid	ADJ
amfbr-132	107	34	.	.	PUNCT
amfbr-132	108	1	edward	edward	PROPN
amfbr-132	108	2	’s	’s	PART
amfbr-132	108	3	(	(	PUNCT
amfbr-132	108	4	2014	2014	NUM
amfbr-132	108	5	)	)	PUNCT
amfbr-132	108	6	investigated	investigate	VERB
amfbr-132	108	7	the	the	DET
amfbr-132	108	8	effect	effect	NOUN
amfbr-132	108	9	of	of	ADP
amfbr-132	108	10	dividend	dividend	NOUN
amfbr-132	108	11	on	on	ADP
amfbr-132	108	12	share	share	NOUN
amfbr-132	108	13	price	price	NOUN
amfbr-132	108	14	of	of	ADP
amfbr-132	108	15	some	some	DET
amfbr-132	108	16	selected	select	VERB
amfbr-132	108	17	quoted	quote	VERB
amfbr-132	108	18	firms	firm	NOUN
amfbr-132	108	19	in	in	ADP
amfbr-132	108	20	ghana	ghana	PROPN
amfbr-132	108	21	stock	stock	PROPN
amfbr-132	108	22	exchange	exchange	PROPN
amfbr-132	108	23	for	for	ADP
amfbr-132	108	24	a	a	DET
amfbr-132	108	25	period	period	NOUN
amfbr-132	108	26	2005	2005	NUM
amfbr-132	108	27	-	-	SYM
amfbr-132	108	28	2009	2009	NUM
amfbr-132	108	29	using	use	VERB
amfbr-132	108	30	descriptive	descriptive	ADJ
amfbr-132	108	31	analyses	analysis	NOUN
amfbr-132	108	32	on	on	ADP
amfbr-132	108	33	the	the	DET
amfbr-132	108	34	primary	primary	ADJ
amfbr-132	108	35	data	datum	NOUN
amfbr-132	108	36	,	,	PUNCT
amfbr-132	108	37	found	find	VERB
amfbr-132	108	38	that	that	SCONJ
amfbr-132	108	39	dividend	dividend	NOUN
amfbr-132	108	40	is	be	AUX
amfbr-132	108	41	highly	highly	ADV
amfbr-132	108	42	correlated	correlate	VERB
amfbr-132	108	43	with	with	ADP
amfbr-132	108	44	share	share	NOUN
amfbr-132	108	45	prices	price	NOUN
amfbr-132	108	46	in	in	ADP
amfbr-132	108	47	ghana	ghana	PROPN
amfbr-132	108	48	.	.	PUNCT
amfbr-132	109	1	ojeme	ojeme	NOUN
amfbr-132	109	2	,	,	PUNCT
amfbr-132	109	3	mamidu	mamidu	NOUN
amfbr-132	109	4	and	and	CCONJ
amfbr-132	109	5	ojo	ojo	NOUN
amfbr-132	109	6	(	(	PUNCT
amfbr-132	109	7	2015	2015	NUM
amfbr-132	109	8	)	)	PUNCT
amfbr-132	109	9	studied	study	VERB
amfbr-132	109	10	the	the	DET
amfbr-132	109	11	impact	impact	NOUN
amfbr-132	109	12	of	of	ADP
amfbr-132	109	13	dividend	dividend	NOUN
amfbr-132	109	14	policy	policy	NOUN
amfbr-132	109	15	on	on	ADP
amfbr-132	109	16	shareholders	shareholder	NOUN
amfbr-132	109	17	wealth	wealth	NOUN
amfbr-132	109	18	in	in	ADP
amfbr-132	109	19	nigerian	nigerian	PROPN
amfbr-132	109	20	quoted	quote	VERB
amfbr-132	109	21	banks	bank	NOUN
amfbr-132	109	22	before	before	ADP
amfbr-132	109	23	and	and	CCONJ
amfbr-132	109	24	after	after	ADP
amfbr-132	109	25	the	the	DET
amfbr-132	109	26	global	global	ADJ
amfbr-132	109	27	financial	financial	ADJ
amfbr-132	109	28	meltdown	meltdown	NOUN
amfbr-132	109	29	within	within	ADP
amfbr-132	109	30	the	the	DET
amfbr-132	109	31	period	period	NOUN
amfbr-132	109	32	of	of	ADP
amfbr-132	109	33	four	four	NUM
amfbr-132	109	34	years	year	NOUN
amfbr-132	109	35	(	(	PUNCT
amfbr-132	109	36	2007	2007	NUM
amfbr-132	109	37	–	–	PUNCT
amfbr-132	109	38	2010	2010	NUM
amfbr-132	109	39	)	)	PUNCT
amfbr-132	109	40	.	.	PUNCT
amfbr-132	110	1	secondary	secondary	ADJ
amfbr-132	110	2	data	datum	NOUN
amfbr-132	110	3	of	of	ADP
amfbr-132	110	4	all	all	DET
amfbr-132	110	5	21	21	NUM
amfbr-132	110	6	quoted	quote	VERB
amfbr-132	110	7	banks	bank	NOUN
amfbr-132	110	8	during	during	ADP
amfbr-132	110	9	this	this	DET
amfbr-132	110	10	period	period	NOUN
amfbr-132	110	11	were	be	AUX
amfbr-132	110	12	gathered	gather	VERB
amfbr-132	110	13	from	from	ADP
amfbr-132	110	14	nse	nse	NOUN
amfbr-132	110	15	and	and	CCONJ
amfbr-132	110	16	firm	firm	NOUN
amfbr-132	110	17	’s	’s	PART
amfbr-132	110	18	published	publish	VERB
amfbr-132	110	19	annual	annual	ADJ
amfbr-132	110	20	reports	report	NOUN
amfbr-132	110	21	.	.	PUNCT
amfbr-132	111	1	the	the	DET
amfbr-132	111	2	study	study	NOUN
amfbr-132	111	3	concluded	conclude	VERB
amfbr-132	111	4	that	that	SCONJ
amfbr-132	111	5	positive	positive	ADJ
amfbr-132	111	6	correlation	correlation	NOUN
amfbr-132	111	7	between	between	ADP
amfbr-132	111	8	average	average	ADJ
amfbr-132	111	9	market	market	NOUN
amfbr-132	111	10	value	value	NOUN
amfbr-132	111	11	of	of	ADP
amfbr-132	111	12	share	share	NOUN
amfbr-132	111	13	and	and	CCONJ
amfbr-132	111	14	dividend	dividend	NOUN
amfbr-132	111	15	paid	pay	VERB
amfbr-132	111	16	by	by	ADP
amfbr-132	111	17	banks	bank	NOUN
amfbr-132	111	18	is	be	AUX
amfbr-132	111	19	an	an	DET
amfbr-132	111	20	indication	indication	NOUN
amfbr-132	111	21	that	that	SCONJ
amfbr-132	111	22	payment	payment	NOUN
amfbr-132	111	23	of	of	ADP
amfbr-132	111	24	dividend	dividend	NOUN
amfbr-132	111	25	is	be	AUX
amfbr-132	111	26	relevant	relevant	ADJ
amfbr-132	111	27	and	and	CCONJ
amfbr-132	111	28	the	the	DET
amfbr-132	111	29	amount	amount	NOUN
amfbr-132	111	30	paid	pay	VERB
amfbr-132	111	31	affect	affect	VERB
amfbr-132	111	32	the	the	DET
amfbr-132	111	33	market	market	NOUN
amfbr-132	111	34	value	value	NOUN
amfbr-132	111	35	of	of	ADP
amfbr-132	111	36	banks	bank	NOUN
amfbr-132	111	37	’	'	PUNCT
amfbr-132	111	38	shares	share	NOUN
amfbr-132	111	39	.	.	PUNCT
amfbr-132	112	1	this	this	PRON
amfbr-132	112	2	is	be	AUX
amfbr-132	112	3	not	not	PART
amfbr-132	112	4	a	a	DET
amfbr-132	112	5	valid	valid	ADJ
amfbr-132	112	6	test	test	NOUN
amfbr-132	112	7	of	of	ADP
amfbr-132	112	8	dividend	dividend	NOUN
amfbr-132	112	9	irrelevance	irrelevance	NOUN
amfbr-132	112	10	theory	theory	NOUN
amfbr-132	112	11	.	.	PUNCT
amfbr-132	113	1	it	it	PRON
amfbr-132	113	2	used	use	VERB
amfbr-132	113	3	only	only	ADJ
amfbr-132	113	4	correlation	correlation	NOUN
amfbr-132	113	5	analysis	analysis	NOUN
amfbr-132	113	6	and	and	CCONJ
amfbr-132	113	7	four	four	NUM
amfbr-132	113	8	years	year	NOUN
amfbr-132	113	9	data	datum	NOUN
amfbr-132	113	10	.	.	PUNCT
amfbr-132	114	1	it	it	PRON
amfbr-132	114	2	did	do	AUX
amfbr-132	114	3	not	not	PART
amfbr-132	114	4	consider	consider	VERB
amfbr-132	114	5	the	the	DET
amfbr-132	114	6	influence	influence	NOUN
amfbr-132	114	7	of	of	ADP
amfbr-132	114	8	earnings	earning	NOUN
amfbr-132	114	9	on	on	ADP
amfbr-132	114	10	share	share	NOUN
amfbr-132	114	11	price	price	NOUN
amfbr-132	114	12	as	as	SCONJ
amfbr-132	114	13	posited	posit	VERB
amfbr-132	114	14	by	by	ADP
amfbr-132	114	15	the	the	DET
amfbr-132	114	16	dividend	dividend	NOUN
amfbr-132	114	17	irrelevance	irrelevance	NOUN
amfbr-132	114	18	theory	theory	NOUN
amfbr-132	114	19	.	.	PUNCT
amfbr-132	115	1	oduwole	oduwole	PROPN
amfbr-132	115	2	(	(	PUNCT
amfbr-132	115	3	2015	2015	NUM
amfbr-132	115	4	)	)	PUNCT
amfbr-132	115	5	evaluated	evaluate	VERB
amfbr-132	115	6	and	and	CCONJ
amfbr-132	115	7	compared	compare	VERB
amfbr-132	115	8	the	the	DET
amfbr-132	115	9	predictive	predictive	ADJ
amfbr-132	115	10	power	power	NOUN
amfbr-132	115	11	of	of	ADP
amfbr-132	115	12	earnings	earning	NOUN
amfbr-132	115	13	and	and	CCONJ
amfbr-132	115	14	dividends	dividend	NOUN
amfbr-132	115	15	in	in	ADP
amfbr-132	115	16	nigeria	nigeria	PROPN
amfbr-132	115	17	for	for	ADP
amfbr-132	115	18	a	a	DET
amfbr-132	115	19	period	period	NOUN
amfbr-132	115	20	of	of	ADP
amfbr-132	115	21	fourteen	fourteen	NUM
amfbr-132	115	22	years	year	NOUN
amfbr-132	115	23	(	(	PUNCT
amfbr-132	115	24	2001	2001	NUM
amfbr-132	115	25	-	-	SYM
amfbr-132	115	26	2014	2014	NUM
amfbr-132	115	27	)	)	PUNCT
amfbr-132	115	28	.	.	PUNCT
amfbr-132	116	1	the	the	DET
amfbr-132	116	2	quarterly	quarterly	ADJ
amfbr-132	116	3	data	datum	NOUN
amfbr-132	116	4	of	of	ADP
amfbr-132	116	5	the	the	DET
amfbr-132	116	6	variable	variable	NOUN
amfbr-132	116	7	used	use	VERB
amfbr-132	116	8	(	(	PUNCT
amfbr-132	116	9	eps	eps	PROPN
amfbr-132	116	10	,	,	PUNCT
amfbr-132	116	11	interim	interim	ADJ
amfbr-132	116	12	and	and	CCONJ
amfbr-132	116	13	final	final	ADJ
amfbr-132	116	14	dividends	dividend	NOUN
amfbr-132	116	15	)	)	PUNCT
amfbr-132	116	16	were	be	AUX
amfbr-132	116	17	collected	collect	VERB
amfbr-132	116	18	from	from	ADP
amfbr-132	116	19	the	the	DET
amfbr-132	116	20	nigerian	nigerian	ADJ
amfbr-132	116	21	stock	stock	NOUN
amfbr-132	116	22	market	market	NOUN
amfbr-132	116	23	.	.	PUNCT
amfbr-132	117	1	the	the	DET
amfbr-132	117	2	study	study	NOUN
amfbr-132	117	3	used	use	VERB
amfbr-132	117	4	portfolio	portfolio	NOUN
amfbr-132	117	5	evaluation	evaluation	NOUN
amfbr-132	117	6	measures	measure	NOUN
amfbr-132	117	7	(	(	PUNCT
amfbr-132	117	8	sharpe	sharpe	NOUN
amfbr-132	117	9	ratio	ratio	PROPN
amfbr-132	117	10	and	and	CCONJ
amfbr-132	117	11	jensen	jensen	PROPN
amfbr-132	117	12	alpha	alpha	PROPN
amfbr-132	117	13	)	)	PUNCT
amfbr-132	117	14	to	to	PART
amfbr-132	117	15	assess	assess	VERB
amfbr-132	117	16	the	the	DET
amfbr-132	117	17	investment	investment	NOUN
amfbr-132	117	18	performance	performance	NOUN
amfbr-132	117	19	of	of	ADP
amfbr-132	117	20	portfolio	portfolio	NOUN
amfbr-132	117	21	based	base	VERB
amfbr-132	117	22	on	on	ADP
amfbr-132	117	23	dividend	dividend	NOUN
amfbr-132	117	24	yield	yield	NOUN
amfbr-132	117	25	and	and	CCONJ
amfbr-132	117	26	earnings	earning	NOUN
amfbr-132	117	27	yield	yield	NOUN
amfbr-132	117	28	,	,	PUNCT
amfbr-132	117	29	respectively	respectively	ADV
amfbr-132	117	30	.	.	PUNCT
amfbr-132	118	1	the	the	DET
amfbr-132	118	2	results	result	NOUN
amfbr-132	118	3	indicate	indicate	VERB
amfbr-132	118	4	that	that	SCONJ
amfbr-132	118	5	a	a	DET
amfbr-132	118	6	portfolio	portfolio	NOUN
amfbr-132	118	7	formed	form	VERB
amfbr-132	118	8	using	use	VERB
amfbr-132	118	9	a	a	DET
amfbr-132	118	10	market	market	NOUN
amfbr-132	118	11	capitalization	capitalization	NOUN
amfbr-132	118	12	weighted	weight	VERB
amfbr-132	118	13	approach	approach	NOUN
amfbr-132	118	14	for	for	ADP
amfbr-132	118	15	the	the	DET
amfbr-132	118	16	highest	high	ADJ
amfbr-132	118	17	quartiles	quartile	NOUN
amfbr-132	118	18	of	of	ADP
amfbr-132	118	19	dividend	dividend	NOUN
amfbr-132	118	20	yield	yield	NOUN
amfbr-132	118	21	outperformed	outperform	VERB
amfbr-132	118	22	buy	buy	VERB
amfbr-132	118	23	the	the	DET
amfbr-132	118	24	market	market	NOUN
amfbr-132	118	25	and	and	CCONJ
amfbr-132	118	26	hold	hold	VERB
amfbr-132	118	27	policy	policy	NOUN
amfbr-132	118	28	while	while	SCONJ
amfbr-132	118	29	similar	similar	ADJ
amfbr-132	118	30	portfolio	portfolio	NOUN
amfbr-132	118	31	based	base	VERB
amfbr-132	118	32	on	on	ADP
amfbr-132	118	33	earnings	earning	NOUN
amfbr-132	118	34	yield	yield	NOUN
amfbr-132	118	35	did	do	AUX
amfbr-132	118	36	not	not	PART
amfbr-132	118	37	outperform	outperform	VERB
amfbr-132	118	38	the	the	DET
amfbr-132	118	39	market	market	NOUN
amfbr-132	118	40	.	.	PUNCT
amfbr-132	119	1	this	this	PRON
amfbr-132	119	2	is	be	AUX
amfbr-132	119	3	not	not	PART
amfbr-132	119	4	a	a	DET
amfbr-132	119	5	test	test	NOUN
amfbr-132	119	6	of	of	ADP
amfbr-132	119	7	dividend	dividend	NOUN
amfbr-132	119	8	irrelevance	irrelevance	NOUN
amfbr-132	119	9	theory	theory	NOUN
amfbr-132	119	10	.	.	PUNCT
amfbr-132	120	1	chirima	chirima	PROPN
amfbr-132	120	2	(	(	PUNCT
amfbr-132	120	3	2015	2015	NUM
amfbr-132	120	4	)	)	PUNCT
amfbr-132	120	5	investigated	investigate	VERB
amfbr-132	120	6	the	the	DET
amfbr-132	120	7	impact	impact	NOUN
amfbr-132	120	8	of	of	ADP
amfbr-132	120	9	dividend	dividend	NOUN
amfbr-132	120	10	pay	pay	NOUN
amfbr-132	120	11	-	-	PUNCT
amfbr-132	120	12	out	out	NOUN
amfbr-132	120	13	on	on	ADP
amfbr-132	120	14	stock	stock	NOUN
amfbr-132	120	15	prices	price	NOUN
amfbr-132	120	16	of	of	ADP
amfbr-132	120	17	quoted	quote	VERB
amfbr-132	120	18	service	service	NOUN
amfbr-132	120	19	firms	firm	NOUN
amfbr-132	120	20	of	of	ADP
amfbr-132	120	21	zimbabwean	zimbabwean	PROPN
amfbr-132	120	22	stock	stock	PROPN
amfbr-132	120	23	exchange	exchange	PROPN
amfbr-132	120	24	for	for	ADP
amfbr-132	120	25	a	a	DET
amfbr-132	120	26	period	period	NOUN
amfbr-132	120	27	of	of	ADP
amfbr-132	120	28	five	five	NUM
amfbr-132	120	29	years	year	NOUN
amfbr-132	120	30	(	(	PUNCT
amfbr-132	120	31	2008	2008	NUM
amfbr-132	120	32	-	-	SYM
amfbr-132	120	33	2012	2012	NUM
amfbr-132	120	34	)	)	PUNCT
amfbr-132	120	35	.	.	PUNCT
amfbr-132	121	1	the	the	DET
amfbr-132	121	2	data	datum	NOUN
amfbr-132	121	3	were	be	AUX
amfbr-132	121	4	analysed	analyse	VERB
amfbr-132	121	5	with	with	ADP
amfbr-132	121	6	chi	chi	ADJ
amfbr-132	121	7	-	-	PUNCT
amfbr-132	121	8	square	square	ADJ
amfbr-132	121	9	and	and	CCONJ
amfbr-132	121	10	regression	regression	NOUN
amfbr-132	121	11	model	model	NOUN
amfbr-132	121	12	.	.	PUNCT
amfbr-132	122	1	the	the	DET
amfbr-132	122	2	result	result	NOUN
amfbr-132	122	3	showed	show	VERB
amfbr-132	122	4	a	a	DET
amfbr-132	122	5	statistically	statistically	ADV
amfbr-132	122	6	significant	significant	ADJ
amfbr-132	122	7	relationship	relationship	NOUN
amfbr-132	122	8	between	between	ADP
amfbr-132	122	9	dividend	dividend	NOUN
amfbr-132	122	10	announcements	announcement	NOUN
amfbr-132	122	11	and	and	CCONJ
amfbr-132	122	12	share	share	NOUN
amfbr-132	122	13	prices	price	NOUN
amfbr-132	122	14	.	.	PUNCT
amfbr-132	123	1	egbeonu	egbeonu	NOUN
amfbr-132	123	2	,	,	PUNCT
amfbr-132	123	3	edori	edori	PROPN
amfbr-132	123	4	and	and	CCONJ
amfbr-132	123	5	edori	edori	PROPN
amfbr-132	123	6	(	(	PUNCT
amfbr-132	123	7	2016	2016	NUM
amfbr-132	123	8	)	)	PUNCT
amfbr-132	123	9	examined	examine	VERB
amfbr-132	123	10	the	the	DET
amfbr-132	123	11	weighted	weighted	ADJ
amfbr-132	123	12	average	average	NOUN
amfbr-132	123	13	of	of	ADP
amfbr-132	123	14	five	five	NUM
amfbr-132	123	15	year	year	NOUN
amfbr-132	123	16	financial	financial	ADJ
amfbr-132	123	17	summary	summary	NOUN
amfbr-132	123	18	data	datum	NOUN
amfbr-132	123	19	of	of	ADP
amfbr-132	123	20	twelve	twelve	NUM
amfbr-132	123	21	listed	list	VERB
amfbr-132	123	22	firms	firm	NOUN
amfbr-132	123	23	from	from	ADP
amfbr-132	123	24	the	the	DET
amfbr-132	123	25	various	various	ADJ
amfbr-132	123	26	sectors	sector	NOUN
amfbr-132	123	27	of	of	ADP
amfbr-132	123	28	the	the	DET
amfbr-132	123	29	nigerian	nigerian	ADJ
amfbr-132	123	30	stock	stock	NOUN
amfbr-132	123	31	exchange	exchange	NOUN
amfbr-132	123	32	in	in	ADP
amfbr-132	123	33	order	order	NOUN
amfbr-132	123	34	to	to	PART
amfbr-132	123	35	measure	measure	VERB
amfbr-132	123	36	the	the	DET
amfbr-132	123	37	impact	impact	NOUN
amfbr-132	123	38	of	of	ADP
amfbr-132	123	39	dividend	dividend	NOUN
amfbr-132	123	40	policy	policy	NOUN
amfbr-132	123	41	on	on	ADP
amfbr-132	123	42	firms	firm	NOUN
amfbr-132	123	43	’	'	PUNCT
amfbr-132	123	44	value	value	NOUN
amfbr-132	123	45	.	.	PUNCT
amfbr-132	124	1	the	the	DET
amfbr-132	124	2	study	study	NOUN
amfbr-132	124	3	reported	report	VERB
amfbr-132	124	4	that	that	SCONJ
amfbr-132	124	5	internal	internal	ADJ
amfbr-132	124	6	rate	rate	NOUN
amfbr-132	124	7	of	of	ADP
amfbr-132	124	8	return	return	NOUN
amfbr-132	124	9	is	be	AUX
amfbr-132	124	10	inversely	inversely	ADV
amfbr-132	124	11	insignificant	insignificant	ADJ
amfbr-132	124	12	,	,	PUNCT
amfbr-132	124	13	dividend	dividend	NOUN
amfbr-132	124	14	per	per	ADP
amfbr-132	124	15	share	share	NOUN
amfbr-132	124	16	is	be	AUX
amfbr-132	124	17	inversely	inversely	ADV
amfbr-132	124	18	significant	significant	ADJ
amfbr-132	124	19	while	while	SCONJ
amfbr-132	124	20	earning	earn	VERB
amfbr-132	124	21	per	per	ADP
amfbr-132	124	22	share	share	NOUN
amfbr-132	124	23	is	be	AUX
amfbr-132	124	24	positively	positively	ADV
amfbr-132	124	25	significant	significant	ADJ
amfbr-132	124	26	to	to	PART
amfbr-132	124	27	share	share	VERB
amfbr-132	124	28	price	price	NOUN
amfbr-132	124	29	.	.	PUNCT
amfbr-132	125	1	adesina	adesina	PROPN
amfbr-132	125	2	,	,	PUNCT
amfbr-132	125	3	uwuigbe	uwuigbe	NOUN
amfbr-132	125	4	,	,	PUNCT
amfbr-132	125	5	uwuigbe	uwuigbe	NOUN
amfbr-132	125	6	,	,	PUNCT
amfbr-132	125	7	asiriuwa	asiriuwa	ADJ
amfbr-132	125	8	and	and	CCONJ
amfbr-132	125	9	oriabe	oriabe	PROPN
amfbr-132	125	10	(	(	PUNCT
amfbr-132	125	11	2017	2017	NUM
amfbr-132	125	12	)	)	PUNCT
amfbr-132	125	13	examined	examine	VERB
amfbr-132	125	14	the	the	DET
amfbr-132	125	15	impact	impact	NOUN
amfbr-132	125	16	of	of	ADP
amfbr-132	125	17	dividend	dividend	NOUN
amfbr-132	125	18	policy	policy	NOUN
amfbr-132	125	19	on	on	ADP
amfbr-132	125	20	share	share	NOUN
amfbr-132	125	21	price	price	NOUN
amfbr-132	125	22	valuation	valuation	NOUN
amfbr-132	125	23	in	in	ADP
amfbr-132	125	24	nigeria	nigeria	PROPN
amfbr-132	125	25	.	.	PUNCT
amfbr-132	126	1	data	datum	NOUN
amfbr-132	126	2	of	of	ADP
amfbr-132	126	3	four	four	NUM
amfbr-132	126	4	out	out	ADP
amfbr-132	126	5	of	of	ADP
amfbr-132	126	6	twenty	twenty	NUM
amfbr-132	126	7	two	two	NUM
amfbr-132	126	8	banks	bank	NOUN
amfbr-132	126	9	were	be	AUX
amfbr-132	126	10	analysed	analyse	VERB
amfbr-132	126	11	during	during	ADP
amfbr-132	126	12	ten	ten	NUM
amfbr-132	126	13	years	year	NOUN
amfbr-132	126	14	’	'	PUNCT
amfbr-132	126	15	timeframe	timeframe	NOUN
amfbr-132	126	16	(	(	PUNCT
amfbr-132	126	17	2006	2006	NUM
amfbr-132	126	18	-	-	SYM
amfbr-132	126	19	2016	2016	NUM
amfbr-132	126	20	)	)	PUNCT
amfbr-132	126	21	.	.	PUNCT
amfbr-132	127	1	they	they	PRON
amfbr-132	127	2	observed	observe	VERB
amfbr-132	127	3	in	in	ADP
amfbr-132	127	4	their	their	PRON
amfbr-132	127	5	study	study	NOUN
amfbr-132	127	6	that	that	SCONJ
amfbr-132	127	7	earning	earn	VERB
amfbr-132	127	8	per	per	ADP
amfbr-132	127	9	share	share	NOUN
amfbr-132	127	10	has	have	VERB
amfbr-132	127	11	a	a	DET
amfbr-132	127	12	strong	strong	ADJ
amfbr-132	127	13	impact	impact	NOUN
amfbr-132	127	14	on	on	ADP
amfbr-132	127	15	share	share	NOUN
amfbr-132	127	16	price	price	NOUN
amfbr-132	127	17	while	while	SCONJ
amfbr-132	127	18	there	there	PRON
amfbr-132	127	19	is	be	VERB
amfbr-132	127	20	significant	significant	ADJ
amfbr-132	127	21	impact	impact	NOUN
amfbr-132	127	22	of	of	ADP
amfbr-132	127	23	dividend	dividend	NOUN
amfbr-132	127	24	yield	yield	NOUN
amfbr-132	127	25	and	and	CCONJ
amfbr-132	127	26	retention	retention	NOUN
amfbr-132	127	27	ratio	ratio	NOUN
amfbr-132	127	28	on	on	ADP
amfbr-132	127	29	share	share	NOUN
amfbr-132	127	30	price	price	NOUN
amfbr-132	127	31	.	.	PUNCT
amfbr-132	128	1	it	it	PRON
amfbr-132	128	2	was	be	AUX
amfbr-132	128	3	however	however	ADV
amfbr-132	128	4	concluded	conclude	VERB
amfbr-132	128	5	that	that	SCONJ
amfbr-132	128	6	there	there	PRON
amfbr-132	128	7	is	be	VERB
amfbr-132	128	8	need	need	NOUN
amfbr-132	128	9	for	for	SCONJ
amfbr-132	128	10	nigerian	nigerian	ADJ
amfbr-132	128	11	firms	firm	NOUN
amfbr-132	128	12	to	to	PART
amfbr-132	128	13	consider	consider	VERB
amfbr-132	128	14	dividend	dividend	NOUN
amfbr-132	128	15	policy	policy	NOUN
amfbr-132	128	16	in	in	ADP
amfbr-132	128	17	other	other	ADJ
amfbr-132	128	18	to	to	PART
amfbr-132	128	19	increase	increase	VERB
amfbr-132	128	20	the	the	DET
amfbr-132	128	21	firm	firm	NOUN
amfbr-132	128	22	’s	’s	PART
amfbr-132	128	23	earnings	earning	NOUN
amfbr-132	128	24	and	and	CCONJ
amfbr-132	128	25	future	future	ADJ
amfbr-132	128	26	performance	performance	NOUN
amfbr-132	128	27	.	.	PUNCT
amfbr-132	129	1	iftikhar	iftikhar	PROPN
amfbr-132	129	2	,	,	PUNCT
amfbr-132	129	3	raja	raja	PROPN
amfbr-132	129	4	and	and	CCONJ
amfbr-132	129	5	sehran	sehran	NOUN
amfbr-132	129	6	(	(	PUNCT
amfbr-132	129	7	2017	2017	NUM
amfbr-132	129	8	)	)	PUNCT
amfbr-132	129	9	established	establish	VERB
amfbr-132	129	10	that	that	DET
amfbr-132	129	11	dividend	dividend	NOUN
amfbr-132	129	12	has	have	VERB
amfbr-132	129	13	a	a	DET
amfbr-132	129	14	positive	positive	ADJ
amfbr-132	129	15	statistical	statistical	ADJ
amfbr-132	129	16	influence	influence	NOUN
amfbr-132	129	17	on	on	ADP
amfbr-132	129	18	stock	stock	NOUN
amfbr-132	129	19	price	price	NOUN
amfbr-132	129	20	after	after	SCONJ
amfbr-132	129	21	they	they	PRON
amfbr-132	129	22	investigated	investigate	VERB
amfbr-132	129	23	the	the	DET
amfbr-132	129	24	impact	impact	NOUN
amfbr-132	129	25	of	of	ADP
amfbr-132	129	26	dividend	dividend	NOUN
amfbr-132	129	27	policy	policy	NOUN
amfbr-132	129	28	on	on	ADP
amfbr-132	129	29	five	five	NUM
amfbr-132	129	30	state	state	NOUN
amfbr-132	129	31	banks	bank	NOUN
amfbr-132	129	32	of	of	ADP
amfbr-132	129	33	the	the	DET
amfbr-132	129	34	karachi	karachi	PROPN
amfbr-132	129	35	stock	stock	PROPN
amfbr-132	129	36	exchange	exchange	PROPN
amfbr-132	129	37	(	(	PUNCT
amfbr-132	129	38	kse	kse	PROPN
amfbr-132	129	39	)	)	PUNCT
amfbr-132	129	40	for	for	ADP
amfbr-132	129	41	a	a	DET
amfbr-132	129	42	period	period	NOUN
amfbr-132	129	43	of	of	ADP
amfbr-132	129	44	ten	ten	NUM
amfbr-132	129	45	years	year	NOUN
amfbr-132	129	46	.	.	PUNCT
amfbr-132	130	1	they	they	PRON
amfbr-132	130	2	concluded	conclude	VERB
amfbr-132	130	3	that	that	SCONJ
amfbr-132	130	4	dividend	dividend	NOUN
amfbr-132	130	5	is	be	AUX
amfbr-132	130	6	relevant	relevant	ADJ
amfbr-132	130	7	in	in	ADP
amfbr-132	130	8	kse	kse	PROPN
amfbr-132	130	9	.	.	PUNCT
amfbr-132	131	1	budagaga	budagaga	NOUN
amfbr-132	131	2	’s	’s	PART
amfbr-132	131	3	(	(	PUNCT
amfbr-132	131	4	2017	2017	NUM
amfbr-132	131	5	)	)	PUNCT
amfbr-132	131	6	study	study	NOUN
amfbr-132	131	7	supported	support	VERB
amfbr-132	131	8	the	the	DET
amfbr-132	131	9	dividend	dividend	NOUN
amfbr-132	131	10	relevance	relevance	NOUN
amfbr-132	131	11	theory	theory	NOUN
amfbr-132	131	12	after	after	ADP
amfbr-132	131	13	observing	observe	VERB
amfbr-132	131	14	the	the	DET
amfbr-132	131	15	effect	effect	NOUN
amfbr-132	131	16	of	of	ADP
amfbr-132	131	17	dividend	dividend	NOUN
amfbr-132	131	18	payment	payment	NOUN
amfbr-132	131	19	on	on	ADP
amfbr-132	131	20	forty	forty	NUM
amfbr-132	131	21	-	-	PUNCT
amfbr-132	131	22	four	four	NUM
amfbr-132	131	23	firms	firm	NOUN
amfbr-132	131	24	’	'	PUNCT
amfbr-132	131	25	value	value	NOUN
amfbr-132	131	26	of	of	ADP
amfbr-132	131	27	istanbul	istanbul	PROPN
amfbr-132	131	28	stock	stock	PROPN
amfbr-132	131	29	exchange	exchange	PROPN
amfbr-132	131	30	for	for	ADP
amfbr-132	131	31	duration	duration	NOUN
amfbr-132	131	32	of	of	ADP
amfbr-132	131	33	nine	nine	NUM
amfbr-132	131	34	years	year	NOUN
amfbr-132	131	35	.	.	PUNCT
amfbr-132	132	1	udobi	udobi	NOUN
amfbr-132	132	2	,	,	PUNCT
amfbr-132	132	3	iyiegbuniwe	iyiegbuniwe	NOUN
amfbr-132	132	4	&	&	CCONJ
amfbr-132	132	5	ezike	ezike	ADJ
amfbr-132	132	6	(	(	PUNCT
amfbr-132	132	7	2018	2018	NUM
amfbr-132	132	8	)	)	PUNCT
amfbr-132	132	9	examined	examine	VERB
amfbr-132	132	10	the	the	DET
amfbr-132	132	11	impact	impact	NOUN
amfbr-132	132	12	of	of	ADP
amfbr-132	132	13	current	current	ADJ
amfbr-132	132	14	dividend	dividend	NOUN
amfbr-132	132	15	on	on	ADP
amfbr-132	132	16	market	market	NOUN
amfbr-132	132	17	shares	share	NOUN
amfbr-132	132	18	prices	price	NOUN
amfbr-132	132	19	of	of	ADP
amfbr-132	132	20	the	the	DET
amfbr-132	132	21	nigerian	nigerian	ADJ
amfbr-132	132	22	stock	stock	NOUN
amfbr-132	132	23	exchange	exchange	PROPN
amfbr-132	132	24	.	.	PUNCT
amfbr-132	133	1	the	the	DET
amfbr-132	133	2	study	study	NOUN
amfbr-132	133	3	analysed	analyse	VERB
amfbr-132	133	4	fifteen	fifteen	NUM
amfbr-132	133	5	years	year	NOUN
amfbr-132	133	6	(	(	PUNCT
amfbr-132	133	7	15	15	NUM
amfbr-132	133	8	)	)	PUNCT
amfbr-132	133	9	secondary	secondary	ADJ
amfbr-132	133	10	data	datum	NOUN
amfbr-132	133	11	of	of	ADP
amfbr-132	133	12	nse	nse	NOUN
amfbr-132	133	13	quoted	quote	VERB
amfbr-132	133	14	firms	firm	NOUN
amfbr-132	133	15	with	with	ADP
amfbr-132	133	16	mediation	mediation	NOUN
amfbr-132	133	17	analysis	analysis	NOUN
amfbr-132	133	18	.	.	PUNCT
amfbr-132	134	1	stock	stock	NOUN
amfbr-132	134	2	prices	price	NOUN
amfbr-132	134	3	is	be	AUX
amfbr-132	134	4	the	the	DET
amfbr-132	134	5	dependent	dependent	ADJ
amfbr-132	134	6	variable	variable	NOUN
amfbr-132	134	7	while	while	SCONJ
amfbr-132	134	8	current	current	ADJ
amfbr-132	134	9	dividend	dividend	NOUN
amfbr-132	134	10	,	,	PUNCT
amfbr-132	134	11	current	current	ADJ
amfbr-132	134	12	earnings	earning	NOUN
amfbr-132	134	13	,	,	PUNCT
amfbr-132	134	14	asset	asset	NOUN
amfbr-132	134	15	-	-	PUNCT
amfbr-132	134	16	growth	growth	NOUN
amfbr-132	134	17	,	,	PUNCT
amfbr-132	134	18	salesgrowth	salesgrowth	NOUN
amfbr-132	134	19	,	,	PUNCT
amfbr-132	134	20	insider	insider	NOUN
amfbr-132	134	21	-	-	PUNCT
amfbr-132	134	22	shareholding	shareholding	NOUN
amfbr-132	134	23	and	and	CCONJ
amfbr-132	134	24	leverage	leverage	NOUN
amfbr-132	134	25	are	be	AUX
amfbr-132	134	26	the	the	DET
amfbr-132	134	27	independent	independent	ADJ
amfbr-132	134	28	variables	variable	NOUN
amfbr-132	134	29	.	.	PUNCT
amfbr-132	135	1	the	the	DET
amfbr-132	135	2	findings	finding	NOUN
amfbr-132	135	3	indicate	indicate	VERB
amfbr-132	135	4	that	that	SCONJ
amfbr-132	135	5	current	current	ADJ
amfbr-132	135	6	dividend	dividend	NOUN
amfbr-132	135	7	has	have	VERB
amfbr-132	135	8	a	a	DET
amfbr-132	135	9	direct	direct	ADJ
amfbr-132	135	10	(	(	PUNCT
amfbr-132	135	11	unique	unique	ADJ
amfbr-132	135	12	)	)	PUNCT
amfbr-132	135	13	effect	effect	NOUN
amfbr-132	135	14	on	on	ADP
amfbr-132	135	15	share	share	NOUN
amfbr-132	135	16	price	price	NOUN
amfbr-132	135	17	,	,	PUNCT
amfbr-132	135	18	and	and	CCONJ
amfbr-132	135	19	at	at	ADP
amfbr-132	135	20	the	the	DET
amfbr-132	135	21	same	same	ADJ
amfbr-132	135	22	time	time	NOUN
amfbr-132	135	23	has	have	VERB
amfbr-132	135	24	indirect	indirect	ADJ
amfbr-132	135	25	effect	effect	NOUN
amfbr-132	135	26	on	on	ADP
amfbr-132	135	27	share	share	NOUN
amfbr-132	135	28	price	price	NOUN
amfbr-132	135	29	through	through	ADP
amfbr-132	135	30	current	current	ADJ
amfbr-132	135	31	earnings	earning	NOUN
amfbr-132	135	32	.	.	PUNCT
amfbr-132	136	1	it	it	PRON
amfbr-132	136	2	concluded	conclude	VERB
amfbr-132	136	3	that	that	SCONJ
amfbr-132	136	4	current	current	ADJ
amfbr-132	136	5	earnings	earning	NOUN
amfbr-132	136	6	partially	partially	ADV
amfbr-132	136	7	mediate	mediate	VERB
amfbr-132	136	8	the	the	DET
amfbr-132	136	9	effect	effect	NOUN
amfbr-132	136	10	of	of	ADP
amfbr-132	136	11	current	current	ADJ
amfbr-132	136	12	dividend	dividend	NOUN
amfbr-132	136	13	on	on	ADP
amfbr-132	136	14	quoted	quote	VERB
amfbr-132	136	15	nigerian	nigerian	ADJ
amfbr-132	136	16	firms	firm	NOUN
amfbr-132	136	17	.	.	PUNCT
amfbr-132	137	1	3	3	X
amfbr-132	137	2	.	.	X
amfbr-132	137	3	research	research	NOUN
amfbr-132	137	4	methods	method	NOUN
amfbr-132	137	5	the	the	DET
amfbr-132	137	6	purpose	purpose	NOUN
amfbr-132	137	7	of	of	ADP
amfbr-132	137	8	this	this	DET
amfbr-132	137	9	study	study	NOUN
amfbr-132	137	10	is	be	AUX
amfbr-132	137	11	to	to	PART
amfbr-132	137	12	test	test	VERB
amfbr-132	137	13	the	the	DET
amfbr-132	137	14	validity	validity	NOUN
amfbr-132	137	15	of	of	ADP
amfbr-132	137	16	miller	miller	PROPN
amfbr-132	137	17	and	and	CCONJ
amfbr-132	137	18	modigliani	modigliani	ADJ
amfbr-132	137	19	dividend	dividend	NOUN
amfbr-132	137	20	irrelevance	irrelevance	NOUN
amfbr-132	137	21	theory	theory	NOUN
amfbr-132	137	22	in	in	ADP
amfbr-132	137	23	nigeria	nigeria	PROPN
amfbr-132	137	24	by	by	ADP
amfbr-132	137	25	defining	define	VERB
amfbr-132	137	26	dividend	dividend	NOUN
amfbr-132	137	27	and	and	CCONJ
amfbr-132	137	28	earnings	earning	NOUN
amfbr-132	137	29	as	as	ADP
amfbr-132	137	30	expected	expect	VERB
amfbr-132	137	31	dividend	dividend	NOUN
amfbr-132	137	32	and	and	CCONJ
amfbr-132	137	33	expected	expect	VERB
amfbr-132	137	34	earnings	earning	NOUN
amfbr-132	137	35	.	.	PUNCT
amfbr-132	138	1	this	this	DET
amfbr-132	138	2	study	study	NOUN
amfbr-132	138	3	is	be	AUX
amfbr-132	138	4	based	base	VERB
amfbr-132	138	5	on	on	ADP
amfbr-132	138	6	all	all	DET
amfbr-132	138	7	the	the	DET
amfbr-132	138	8	shares	share	NOUN
amfbr-132	138	9	listed	list	VERB
amfbr-132	138	10	on	on	ADP
amfbr-132	138	11	the	the	DET
amfbr-132	138	12	nigerian	nigerian	ADJ
amfbr-132	138	13	stock	stock	NOUN
amfbr-132	138	14	exchange	exchange	PROPN
amfbr-132	138	15	(	(	PUNCT
amfbr-132	138	16	nse	nse	NOUN
amfbr-132	138	17	)	)	PUNCT
amfbr-132	138	18	.	.	PUNCT
amfbr-132	139	1	it	it	PRON
amfbr-132	139	2	covers	cover	VERB
amfbr-132	139	3	a	a	DET
amfbr-132	139	4	period	period	NOUN
amfbr-132	139	5	of	of	ADP
amfbr-132	139	6	fifteen	fifteen	NUM
amfbr-132	139	7	years	year	NOUN
amfbr-132	139	8	,	,	PUNCT
amfbr-132	139	9	(	(	PUNCT
amfbr-132	139	10	2001	2001	NUM
amfbr-132	139	11	-	-	SYM
amfbr-132	139	12	2015	2015	NUM
amfbr-132	139	13	)	)	PUNCT
amfbr-132	139	14	.	.	PUNCT
amfbr-132	140	1	this	this	DET
amfbr-132	140	2	time	time	NOUN
amfbr-132	140	3	period	period	NOUN
amfbr-132	140	4	is	be	AUX
amfbr-132	140	5	chosen	choose	VERB
amfbr-132	140	6	because	because	SCONJ
amfbr-132	140	7	of	of	ADP
amfbr-132	140	8	the	the	DET
amfbr-132	140	9	availability	availability	NOUN
amfbr-132	140	10	of	of	ADP
amfbr-132	140	11	data	datum	NOUN
amfbr-132	140	12	,	,	PUNCT
amfbr-132	140	13	to	to	PART
amfbr-132	140	14	accommodate	accommodate	VERB
amfbr-132	140	15	the	the	DET
amfbr-132	140	16	pre	pre	NOUN
amfbr-132	140	17	and	and	CCONJ
amfbr-132	140	18	post	post	VERB
amfbr-132	140	19	consolidation	consolidation	NOUN
amfbr-132	140	20	of	of	ADP
amfbr-132	140	21	nigerian	nigerian	PROPN
amfbr-132	140	22	’s	’s	PART
amfbr-132	140	23	financial	financial	ADJ
amfbr-132	140	24	institutions	institution	NOUN
amfbr-132	140	25	.	.	PUNCT
amfbr-132	141	1	it	it	PRON
amfbr-132	141	2	was	be	AUX
amfbr-132	141	3	further	far	ADV
amfbr-132	141	4	reduced	reduce	VERB
amfbr-132	141	5	because	because	SCONJ
amfbr-132	141	6	of	of	ADP
amfbr-132	141	7	firms	firm	NOUN
amfbr-132	141	8	with	with	ADP
amfbr-132	141	9	incomplete	incomplete	ADJ
amfbr-132	141	10	data	datum	NOUN
amfbr-132	141	11	points	point	NOUN
amfbr-132	141	12	were	be	AUX
amfbr-132	141	13	deleted	delete	VERB
amfbr-132	141	14	.	.	PUNCT
amfbr-132	142	1	stock	stock	NOUN
amfbr-132	142	2	price	price	NOUN
amfbr-132	142	3	data	datum	NOUN
amfbr-132	142	4	were	be	AUX
amfbr-132	142	5	obtained	obtain	VERB
amfbr-132	142	6	from	from	ADP
amfbr-132	142	7	the	the	DET
amfbr-132	142	8	daily	daily	ADJ
amfbr-132	142	9	official	official	ADJ
amfbr-132	142	10	price	price	NOUN
amfbr-132	142	11	list	list	NOUN
amfbr-132	142	12	of	of	ADP
amfbr-132	142	13	the	the	DET
amfbr-132	142	14	nigerian	nigerian	ADJ
amfbr-132	142	15	stock	stock	NOUN
amfbr-132	142	16	exchange	exchange	PROPN
amfbr-132	142	17	.	.	PUNCT
amfbr-132	143	1	data	datum	NOUN
amfbr-132	143	2	on	on	ADP
amfbr-132	143	3	earnings	earning	NOUN
amfbr-132	143	4	per	per	ADP
amfbr-132	143	5	share	share	NOUN
amfbr-132	143	6	,	,	PUNCT
amfbr-132	143	7	dividend	dividend	VERB
amfbr-132	143	8	per	per	ADP
amfbr-132	143	9	share	share	NOUN
amfbr-132	143	10	,	,	PUNCT
amfbr-132	143	11	insider	insider	NOUN
amfbr-132	143	12	-	-	PUNCT
amfbr-132	143	13	shareholding	shareholding	NOUN
amfbr-132	143	14	,	,	PUNCT
amfbr-132	143	15	assets	asset	NOUN
amfbr-132	143	16	,	,	PUNCT
amfbr-132	143	17	and	and	CCONJ
amfbr-132	143	18	sales	sale	NOUN
amfbr-132	143	19	turnover	turnover	NOUN
amfbr-132	143	20	were	be	AUX
amfbr-132	143	21	collected	collect	VERB
amfbr-132	143	22	from	from	ADP
amfbr-132	143	23	the	the	DET
amfbr-132	143	24	nigerian	nigerian	ADJ
amfbr-132	143	25	stock	stock	NOUN
amfbr-132	143	26	exchange	exchange	PROPN
amfbr-132	143	27	fact	fact	NOUN
amfbr-132	143	28	book	book	NOUN
amfbr-132	143	29	and	and	CCONJ
amfbr-132	143	30	published	publish	VERB
amfbr-132	143	31	annual	annual	ADJ
amfbr-132	143	32	reports	report	NOUN
amfbr-132	143	33	of	of	ADP
amfbr-132	143	34	the	the	DET
amfbr-132	143	35	listed	list	VERB
amfbr-132	143	36	companies	company	NOUN
amfbr-132	143	37	that	that	PRON
amfbr-132	143	38	constitute	constitute	VERB
amfbr-132	143	39	the	the	DET
amfbr-132	143	40	sample	sample	NOUN
amfbr-132	143	41	of	of	ADP
amfbr-132	143	42	this	this	DET
amfbr-132	143	43	study	study	NOUN
amfbr-132	143	44	.	.	PUNCT
amfbr-132	144	1	assets	asset	NOUN
amfbr-132	144	2	-	-	PUNCT
amfbr-132	144	3	growth	growth	NOUN
amfbr-132	144	4	(	(	PUNCT
amfbr-132	144	5	proxy	proxy	NOUN
amfbr-132	144	6	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	144	7	american	american	PROPN
amfbr-132	144	8	finance	finance	PROPN
amfbr-132	144	9	&	&	CCONJ
amfbr-132	144	10	banking	banking	PROPN
amfbr-132	144	11	review	review	PROPN
amfbr-132	144	12	vol	vol	NOUN
amfbr-132	144	13	.	.	PROPN
amfbr-132	145	1	2	2	NUM
amfbr-132	145	2	,	,	PUNCT
amfbr-132	145	3	no	no	INTJ
amfbr-132	145	4	.	.	NOUN
amfbr-132	145	5	2	2	NUM
amfbr-132	145	6	;	;	PUNCT
amfbr-132	145	7	2018	2018	NUM
amfbr-132	145	8	5	5	NUM
amfbr-132	145	9	for	for	ADP
amfbr-132	145	10	investment	investment	NOUN
amfbr-132	145	11	opportunity	opportunity	NOUN
amfbr-132	145	12	)	)	PUNCT
amfbr-132	146	1	,	,	PUNCT
amfbr-132	146	2	sales	sale	NOUN
amfbr-132	146	3	-	-	PUNCT
amfbr-132	146	4	growth	growth	NOUN
amfbr-132	146	5	(	(	PUNCT
amfbr-132	146	6	proxy	proxy	NOUN
amfbr-132	146	7	for	for	ADP
amfbr-132	146	8	investment	investment	NOUN
amfbr-132	146	9	growth	growth	NOUN
amfbr-132	146	10	)	)	PUNCT
amfbr-132	146	11	,	,	PUNCT
amfbr-132	146	12	and	and	CCONJ
amfbr-132	146	13	leverage	leverage	NOUN
amfbr-132	146	14	(	(	PUNCT
amfbr-132	146	15	proxy	proxy	NOUN
amfbr-132	146	16	for	for	ADP
amfbr-132	146	17	risk	risk	NOUN
amfbr-132	146	18	)	)	PUNCT
amfbr-132	146	19	variables	variable	NOUN
amfbr-132	146	20	were	be	AUX
amfbr-132	146	21	computed	compute	VERB
amfbr-132	146	22	from	from	ADP
amfbr-132	146	23	the	the	DET
amfbr-132	146	24	earnings	earning	NOUN
amfbr-132	146	25	,	,	PUNCT
amfbr-132	146	26	sales	sale	NOUN
amfbr-132	146	27	turnover	turnover	NOUN
amfbr-132	146	28	,	,	PUNCT
amfbr-132	146	29	and	and	CCONJ
amfbr-132	146	30	total	total	ADJ
amfbr-132	146	31	assets	asset	NOUN
amfbr-132	146	32	data	datum	NOUN
amfbr-132	146	33	.	.	PUNCT
amfbr-132	147	1	the	the	DET
amfbr-132	147	2	study	study	NOUN
amfbr-132	147	3	uses	use	VERB
amfbr-132	147	4	a	a	DET
amfbr-132	147	5	panel	panel	NOUN
amfbr-132	147	6	study	study	NOUN
amfbr-132	147	7	to	to	PART
amfbr-132	147	8	measure	measure	VERB
amfbr-132	147	9	the	the	DET
amfbr-132	147	10	impact	impact	NOUN
amfbr-132	147	11	of	of	ADP
amfbr-132	147	12	expected	expect	VERB
amfbr-132	147	13	dividend	dividend	NOUN
amfbr-132	147	14	and	and	CCONJ
amfbr-132	147	15	expected	expect	VERB
amfbr-132	147	16	earnings	earning	NOUN
amfbr-132	147	17	on	on	ADP
amfbr-132	147	18	share	share	NOUN
amfbr-132	147	19	price	price	NOUN
amfbr-132	147	20	in	in	ADP
amfbr-132	147	21	nigeria	nigeria	PROPN
amfbr-132	147	22	.	.	PUNCT
amfbr-132	148	1	3.1	3.1	NUM
amfbr-132	148	2	.	.	PUNCT
amfbr-132	148	3	model	model	NOUN
amfbr-132	148	4	specification	specification	NOUN
amfbr-132	148	5	mediation	mediation	NOUN
amfbr-132	148	6	analysis	analysis	NOUN
amfbr-132	148	7	,	,	PUNCT
amfbr-132	148	8	a	a	DET
amfbr-132	148	9	new	new	ADJ
amfbr-132	148	10	methodology	methodology	NOUN
amfbr-132	148	11	in	in	ADP
amfbr-132	148	12	finance	finance	NOUN
amfbr-132	148	13	adapted	adapt	VERB
amfbr-132	148	14	from	from	ADP
amfbr-132	148	15	the	the	DET
amfbr-132	148	16	field	field	NOUN
amfbr-132	148	17	of	of	ADP
amfbr-132	148	18	social	social	ADJ
amfbr-132	148	19	psychology	psychology	NOUN
amfbr-132	148	20	is	be	AUX
amfbr-132	148	21	used	use	VERB
amfbr-132	148	22	to	to	PART
amfbr-132	148	23	determine	determine	VERB
amfbr-132	148	24	the	the	DET
amfbr-132	148	25	irrelevance	irrelevance	NOUN
amfbr-132	148	26	of	of	ADP
amfbr-132	148	27	expected	expect	VERB
amfbr-132	148	28	dividend	dividend	NOUN
amfbr-132	148	29	on	on	ADP
amfbr-132	148	30	share	share	NOUN
amfbr-132	148	31	price	price	NOUN
amfbr-132	148	32	.	.	PUNCT
amfbr-132	149	1	it	it	PRON
amfbr-132	149	2	is	be	AUX
amfbr-132	149	3	imperative	imperative	ADJ
amfbr-132	149	4	to	to	PART
amfbr-132	149	5	estimate	estimate	VERB
amfbr-132	149	6	the	the	DET
amfbr-132	149	7	direct	direct	ADJ
amfbr-132	149	8	effect	effect	NOUN
amfbr-132	149	9	of	of	ADP
amfbr-132	149	10	expected	expect	VERB
amfbr-132	149	11	dividend	dividend	NOUN
amfbr-132	149	12	on	on	ADP
amfbr-132	149	13	share	share	NOUN
amfbr-132	149	14	price	price	NOUN
amfbr-132	149	15	which	which	PRON
amfbr-132	149	16	is	be	AUX
amfbr-132	149	17	beyond	beyond	ADP
amfbr-132	149	18	the	the	DET
amfbr-132	149	19	effect	effect	NOUN
amfbr-132	149	20	of	of	ADP
amfbr-132	149	21	expected	expect	VERB
amfbr-132	149	22	dividend	dividend	NOUN
amfbr-132	149	23	on	on	ADP
amfbr-132	149	24	share	share	NOUN
amfbr-132	149	25	price	price	NOUN
amfbr-132	149	26	that	that	PRON
amfbr-132	149	27	is	be	AUX
amfbr-132	149	28	due	due	ADJ
amfbr-132	149	29	to	to	ADP
amfbr-132	149	30	the	the	DET
amfbr-132	149	31	relationship	relationship	NOUN
amfbr-132	149	32	between	between	ADP
amfbr-132	149	33	dividend	dividend	NOUN
amfbr-132	149	34	and	and	CCONJ
amfbr-132	149	35	a	a	DET
amfbr-132	149	36	mediator	mediator	NOUN
amfbr-132	149	37	(	(	PUNCT
amfbr-132	149	38	such	such	ADJ
amfbr-132	149	39	as	as	ADP
amfbr-132	149	40	earning	earn	VERB
amfbr-132	149	41	)	)	PUNCT
amfbr-132	149	42	.	.	PUNCT
amfbr-132	150	1	mediation	mediation	NOUN
amfbr-132	150	2	refers	refer	VERB
amfbr-132	150	3	to	to	ADP
amfbr-132	150	4	a	a	DET
amfbr-132	150	5	situation	situation	NOUN
amfbr-132	150	6	when	when	SCONJ
amfbr-132	150	7	the	the	DET
amfbr-132	150	8	relationship	relationship	NOUN
amfbr-132	150	9	between	between	ADP
amfbr-132	150	10	a	a	DET
amfbr-132	150	11	predictor	predictor	NOUN
amfbr-132	150	12	variable	variable	NOUN
amfbr-132	150	13	(	(	PUNCT
amfbr-132	150	14	expected	expect	VERB
amfbr-132	150	15	dividend	dividend	NOUN
amfbr-132	150	16	)	)	PUNCT
amfbr-132	150	17	and	and	CCONJ
amfbr-132	150	18	an	an	DET
amfbr-132	150	19	outcome	outcome	NOUN
amfbr-132	150	20	variable	variable	NOUN
amfbr-132	150	21	(	(	PUNCT
amfbr-132	150	22	share	share	NOUN
amfbr-132	150	23	price	price	NOUN
amfbr-132	150	24	)	)	PUNCT
amfbr-132	150	25	,	,	PUNCT
amfbr-132	150	26	can	can	AUX
amfbr-132	150	27	be	be	AUX
amfbr-132	150	28	explained	explain	VERB
amfbr-132	150	29	by	by	ADP
amfbr-132	150	30	their	their	PRON
amfbr-132	150	31	relationship	relationship	NOUN
amfbr-132	150	32	to	to	ADP
amfbr-132	150	33	a	a	DET
amfbr-132	150	34	third	third	ADJ
amfbr-132	150	35	variable	variable	NOUN
amfbr-132	150	36	called	call	VERB
amfbr-132	150	37	the	the	DET
amfbr-132	150	38	mediator	mediator	NOUN
amfbr-132	150	39	(	(	PUNCT
amfbr-132	150	40	for	for	ADP
amfbr-132	150	41	example	example	NOUN
amfbr-132	150	42	,	,	PUNCT
amfbr-132	150	43	expected	expect	VERB
amfbr-132	150	44	earnings	earning	NOUN
amfbr-132	150	45	)	)	PUNCT
amfbr-132	150	46	.	.	PUNCT
amfbr-132	151	1	mediation	mediation	NOUN
amfbr-132	151	2	is	be	AUX
amfbr-132	151	3	said	say	VERB
amfbr-132	151	4	to	to	PART
amfbr-132	151	5	have	have	AUX
amfbr-132	151	6	occurred	occur	VERB
amfbr-132	151	7	,	,	PUNCT
amfbr-132	151	8	if	if	SCONJ
amfbr-132	151	9	the	the	DET
amfbr-132	151	10	strength	strength	NOUN
amfbr-132	151	11	of	of	ADP
amfbr-132	151	12	the	the	DET
amfbr-132	151	13	relationship	relationship	NOUN
amfbr-132	151	14	between	between	ADP
amfbr-132	151	15	the	the	DET
amfbr-132	151	16	predictor	predictor	NOUN
amfbr-132	151	17	variable	variable	NOUN
amfbr-132	151	18	(	(	PUNCT
amfbr-132	151	19	expected	expect	VERB
amfbr-132	151	20	dividend	dividend	NOUN
amfbr-132	151	21	)	)	PUNCT
amfbr-132	151	22	and	and	CCONJ
amfbr-132	151	23	the	the	DET
amfbr-132	151	24	outcome	outcome	NOUN
amfbr-132	151	25	variable	variable	NOUN
amfbr-132	151	26	(	(	PUNCT
amfbr-132	151	27	share	share	NOUN
amfbr-132	151	28	price	price	NOUN
amfbr-132	151	29	)	)	PUNCT
amfbr-132	151	30	is	be	AUX
amfbr-132	151	31	reduced	reduce	VERB
amfbr-132	151	32	by	by	ADP
amfbr-132	151	33	including	include	VERB
amfbr-132	151	34	the	the	DET
amfbr-132	151	35	mediator	mediator	NOUN
amfbr-132	151	36	variable	variable	NOUN
amfbr-132	151	37	(	(	PUNCT
amfbr-132	151	38	expected	expect	VERB
amfbr-132	151	39	earnings	earning	NOUN
amfbr-132	151	40	)	)	PUNCT
amfbr-132	151	41	.	.	PUNCT
amfbr-132	152	1	in	in	ADP
amfbr-132	152	2	the	the	DET
amfbr-132	152	3	case	case	NOUN
amfbr-132	152	4	of	of	ADP
amfbr-132	152	5	perfect	perfect	ADJ
amfbr-132	152	6	or	or	CCONJ
amfbr-132	152	7	complete	complete	ADJ
amfbr-132	152	8	mediation	mediation	NOUN
amfbr-132	152	9	,	,	PUNCT
amfbr-132	152	10	the	the	DET
amfbr-132	152	11	effect	effect	NOUN
amfbr-132	152	12	of	of	ADP
amfbr-132	152	13	the	the	DET
amfbr-132	152	14	predictor	predictor	NOUN
amfbr-132	152	15	is	be	AUX
amfbr-132	152	16	completely	completely	ADV
amfbr-132	152	17	wiped	wipe	VERB
amfbr-132	152	18	out	out	ADP
amfbr-132	152	19	by	by	ADP
amfbr-132	152	20	including	include	VERB
amfbr-132	152	21	the	the	DET
amfbr-132	152	22	mediator	mediator	NOUN
amfbr-132	152	23	.	.	PUNCT
amfbr-132	153	1	baron	baron	NOUN
amfbr-132	153	2	and	and	CCONJ
amfbr-132	153	3	kenny	kenny	PROPN
amfbr-132	153	4	(	(	PUNCT
amfbr-132	153	5	1986	1986	NUM
amfbr-132	153	6	)	)	PUNCT
amfbr-132	153	7	,	,	PUNCT
amfbr-132	153	8	judd	judd	PROPN
amfbr-132	153	9	and	and	CCONJ
amfbr-132	153	10	kenny	kenny	PROPN
amfbr-132	153	11	(	(	PUNCT
amfbr-132	153	12	1981	1981	NUM
amfbr-132	153	13	)	)	PUNCT
amfbr-132	153	14	,	,	PUNCT
amfbr-132	153	15	james	james	PROPN
amfbr-132	153	16	and	and	CCONJ
amfbr-132	153	17	brett	brett	PROPN
amfbr-132	153	18	(	(	PUNCT
amfbr-132	153	19	1984	1984	NUM
amfbr-132	153	20	)	)	PUNCT
amfbr-132	153	21	discussed	discuss	VERB
amfbr-132	153	22	three	three	NUM
amfbr-132	153	23	models	model	NOUN
amfbr-132	153	24	in	in	ADP
amfbr-132	153	25	establishing	establish	VERB
amfbr-132	153	26	mediation	mediation	NOUN
amfbr-132	153	27	,	,	PUNCT
amfbr-132	153	28	these	these	DET
amfbr-132	153	29	three	three	NUM
amfbr-132	153	30	models	model	NOUN
amfbr-132	153	31	are	be	AUX
amfbr-132	153	32	needed	need	VERB
amfbr-132	153	33	in	in	ADP
amfbr-132	153	34	investigating	investigate	VERB
amfbr-132	153	35	the	the	DET
amfbr-132	153	36	mediation	mediation	NOUN
amfbr-132	153	37	of	of	ADP
amfbr-132	153	38	the	the	DET
amfbr-132	153	39	effect	effect	NOUN
amfbr-132	153	40	of	of	ADP
amfbr-132	153	41	a	a	DET
amfbr-132	153	42	predictor	predictor	NOUN
amfbr-132	153	43	variable(dividend	variable(dividend	PROPN
amfbr-132	153	44	)	)	PUNCT
amfbr-132	153	45	on	on	ADP
amfbr-132	153	46	an	an	DET
amfbr-132	153	47	outcome	outcome	NOUN
amfbr-132	153	48	variable(share	variable(share	NOUN
amfbr-132	153	49	price	price	NOUN
amfbr-132	153	50	)	)	PUNCT
amfbr-132	153	51	by	by	ADP
amfbr-132	153	52	a	a	DET
amfbr-132	153	53	mediating	mediate	VERB
amfbr-132	153	54	variable(earnings	variable(earning	NOUN
amfbr-132	153	55	):	):	PUNCT
amfbr-132	153	56			NOUN
amfbr-132	153	57	model	model	NOUN
amfbr-132	153	58	1	1	NUM
amfbr-132	153	59	is	be	AUX
amfbr-132	153	60	to	to	PART
amfbr-132	153	61	determine	determine	VERB
amfbr-132	153	62	that	that	SCONJ
amfbr-132	153	63	the	the	DET
amfbr-132	153	64	predictor	predictor	NOUN
amfbr-132	153	65	(	(	PUNCT
amfbr-132	153	66	expected	expect	VERB
amfbr-132	153	67	dividend	dividend	NOUN
amfbr-132	153	68	)	)	PUNCT
amfbr-132	153	69	is	be	AUX
amfbr-132	153	70	correlated	correlate	VERB
amfbr-132	153	71	with	with	ADP
amfbr-132	153	72	the	the	DET
amfbr-132	153	73	mediating	mediate	VERB
amfbr-132	153	74	variable	variable	NOUN
amfbr-132	153	75	(	(	PUNCT
amfbr-132	153	76	expected	expect	VERB
amfbr-132	153	77	earnings	earning	NOUN
amfbr-132	153	78	)	)	PUNCT
amfbr-132	153	79	.	.	PUNCT
amfbr-132	154	1	this	this	DET
amfbr-132	154	2	step	step	NOUN
amfbr-132	154	3	requires	require	VERB
amfbr-132	154	4	the	the	DET
amfbr-132	154	5	regression	regression	NOUN
amfbr-132	154	6	of	of	ADP
amfbr-132	154	7	earnings	earning	NOUN
amfbr-132	154	8	on	on	ADP
amfbr-132	154	9	dividend	dividend	NOUN
amfbr-132	154	10	to	to	PART
amfbr-132	154	11	confirm	confirm	VERB
amfbr-132	154	12	that	that	DET
amfbr-132	154	13	dividend	dividend	NOUN
amfbr-132	154	14	is	be	AUX
amfbr-132	154	15	a	a	DET
amfbr-132	154	16	significant	significant	ADJ
amfbr-132	154	17	predictor	predictor	NOUN
amfbr-132	154	18	of	of	ADP
amfbr-132	154	19	earnings	earning	NOUN
amfbr-132	154	20	.	.	PUNCT
amfbr-132	155	1	the	the	DET
amfbr-132	155	2	regression	regression	NOUN
amfbr-132	155	3	model	model	NOUN
amfbr-132	155	4	is	be	AUX
amfbr-132	155	5	:	:	PUNCT
amfbr-132	155	6	m	m	VERB
amfbr-132	155	7	=	=	VERB
amfbr-132	155	8	β1	β1	PROPN
amfbr-132	155	9	+	+	CCONJ
amfbr-132	155	10	β2	β2	NOUN
amfbr-132	155	11	x1	x1	PROPN
amfbr-132	156	1	+	+	X
amfbr-132	156	2	ei	ei	X
amfbr-132	156	3	(	(	PUNCT
amfbr-132	156	4	1	1	NUM
amfbr-132	156	5	)	)	PUNCT
amfbr-132	157	1	where	where	SCONJ
amfbr-132	157	2	:	:	PUNCT
amfbr-132	157	3	β1	β1	NOUN
amfbr-132	157	4	=	=	SYM
amfbr-132	157	5	intercept	intercept	NOUN
amfbr-132	157	6	β2	β2	NOUN
amfbr-132	157	7	=	=	NOUN
amfbr-132	157	8	coefficient	coefficient	NOUN
amfbr-132	157	9	of	of	ADP
amfbr-132	157	10	the	the	DET
amfbr-132	157	11	relationship	relationship	NOUN
amfbr-132	157	12	between	between	ADP
amfbr-132	157	13	dividend	dividend	NOUN
amfbr-132	157	14	and	and	CCONJ
amfbr-132	157	15	the	the	DET
amfbr-132	157	16	mediating	mediate	VERB
amfbr-132	157	17	variable	variable	NOUN
amfbr-132	157	18	(	(	PUNCT
amfbr-132	157	19	earnings	earning	NOUN
amfbr-132	157	20	)	)	PUNCT
amfbr-132	157	21	x	x	X
amfbr-132	158	1	=	=	PUNCT
amfbr-132	158	2	dividend	dividend	NOUN
amfbr-132	158	3	m	m	NOUN
amfbr-132	158	4	=	=	ADJ
amfbr-132	158	5	earnings	earning	NOUN
amfbr-132	158	6	ei	ei	NOUN
amfbr-132	158	7	=	=	NOUN
amfbr-132	158	8	error	error	NOUN
amfbr-132	158	9	term	term	NOUN
amfbr-132	158	10			NOUN
amfbr-132	158	11	model	model	NOUN
amfbr-132	158	12	2	2	NUM
amfbr-132	158	13	is	be	AUX
amfbr-132	158	14	to	to	PART
amfbr-132	158	15	determine	determine	VERB
amfbr-132	158	16	that	that	SCONJ
amfbr-132	158	17	the	the	DET
amfbr-132	158	18	predictor	predictor	NOUN
amfbr-132	158	19	variable	variable	NOUN
amfbr-132	158	20	(	(	PUNCT
amfbr-132	158	21	expected	expect	VERB
amfbr-132	158	22	dividend	dividend	NOUN
amfbr-132	158	23	)	)	PUNCT
amfbr-132	158	24	is	be	AUX
amfbr-132	158	25	correlated	correlate	VERB
amfbr-132	158	26	with	with	ADP
amfbr-132	158	27	the	the	DET
amfbr-132	158	28	outcome	outcome	NOUN
amfbr-132	158	29	variable	variable	NOUN
amfbr-132	158	30	(	(	PUNCT
amfbr-132	158	31	share	share	NOUN
amfbr-132	158	32	price	price	NOUN
amfbr-132	158	33	)	)	PUNCT
amfbr-132	158	34	.	.	PUNCT
amfbr-132	159	1	in	in	ADP
amfbr-132	159	2	other	other	ADJ
amfbr-132	159	3	words	word	NOUN
amfbr-132	159	4	,	,	PUNCT
amfbr-132	159	5	regress	regress	ADJ
amfbr-132	159	6	outcome	outcome	NOUN
amfbr-132	159	7	variable	variable	NOUN
amfbr-132	159	8	(	(	PUNCT
amfbr-132	159	9	share	share	NOUN
amfbr-132	159	10	price	price	NOUN
amfbr-132	159	11	)	)	PUNCT
amfbr-132	159	12	on	on	ADP
amfbr-132	159	13	the	the	DET
amfbr-132	159	14	predictor	predictor	NOUN
amfbr-132	159	15	variable	variable	NOUN
amfbr-132	159	16	to	to	PART
amfbr-132	159	17	confirm	confirm	VERB
amfbr-132	159	18	that	that	DET
amfbr-132	159	19	dividend	dividend	NOUN
amfbr-132	159	20	is	be	AUX
amfbr-132	159	21	a	a	DET
amfbr-132	159	22	significant	significant	ADJ
amfbr-132	159	23	predictor	predictor	NOUN
amfbr-132	159	24	of	of	ADP
amfbr-132	159	25	share	share	NOUN
amfbr-132	159	26	price	price	NOUN
amfbr-132	159	27	.	.	PUNCT
amfbr-132	160	1	the	the	DET
amfbr-132	160	2	regression	regression	NOUN
amfbr-132	160	3	model	model	NOUN
amfbr-132	160	4	is	be	AUX
amfbr-132	160	5	;	;	PUNCT
amfbr-132	161	1	y	y	PROPN
amfbr-132	161	2	=	=	PROPN
amfbr-132	161	3	λ1	λ1	PROPN
amfbr-132	161	4	+	+	NUM
amfbr-132	161	5	λ2	λ2	NOUN
amfbr-132	161	6	xi	xi	ADP
amfbr-132	161	7	+	+	CCONJ
amfbr-132	161	8	ei	ei	X
amfbr-132	161	9	(	(	PUNCT
amfbr-132	161	10	2	2	NUM
amfbr-132	161	11	)	)	PUNCT
amfbr-132	161	12	where	where	SCONJ
amfbr-132	161	13	:	:	PUNCT
amfbr-132	161	14	y	y	NOUN
amfbr-132	161	15	=	=	NOUN
amfbr-132	161	16	outcome	outcome	VERB
amfbr-132	161	17	variable	variable	ADJ
amfbr-132	161	18	λ1	λ1	PROPN
amfbr-132	161	19	=	=	SYM
amfbr-132	161	20	intercept	intercept	NOUN
amfbr-132	161	21	;	;	PUNCT
amfbr-132	161	22	λ2	λ2	NOUN
amfbr-132	161	23	=	=	SYM
amfbr-132	161	24	total	total	ADJ
amfbr-132	161	25	effect	effect	NOUN
amfbr-132	161	26	of	of	ADP
amfbr-132	161	27	dividend	dividend	NOUN
amfbr-132	161	28	on	on	ADP
amfbr-132	161	29	share	share	NOUN
amfbr-132	161	30	price	price	NOUN
amfbr-132	161	31	xi	xi	X
amfbr-132	162	1	=	=	SYM
amfbr-132	162	2	predictor	predictor	NOUN
amfbr-132	162	3	variable	variable	NOUN
amfbr-132	162	4	;	;	PUNCT
amfbr-132	162	5	ei	ei	NOUN
amfbr-132	162	6	=	=	NOUN
amfbr-132	162	7	error	error	NOUN
amfbr-132	162	8	term	term	NOUN
amfbr-132	162	9	the	the	DET
amfbr-132	162	10	value	value	NOUN
amfbr-132	162	11	of	of	ADP
amfbr-132	162	12	the	the	DET
amfbr-132	162	13	coefficient	coefficient	NOUN
amfbr-132	162	14	“	"	PUNCT
amfbr-132	162	15	λ2	λ2	NOUN
amfbr-132	162	16	”	"	PUNCT
amfbr-132	162	17	is	be	AUX
amfbr-132	162	18	the	the	DET
amfbr-132	162	19	total	total	ADJ
amfbr-132	162	20	effect	effect	NOUN
amfbr-132	162	21	of	of	ADP
amfbr-132	162	22	expected	expect	VERB
amfbr-132	162	23	dividend	dividend	NOUN
amfbr-132	162	24	on	on	ADP
amfbr-132	162	25	share	share	NOUN
amfbr-132	162	26	price	price	NOUN
amfbr-132	162	27	.	.	PUNCT
amfbr-132	163	1	this	this	DET
amfbr-132	163	2	step	step	NOUN
amfbr-132	163	3	establishes	establish	VERB
amfbr-132	163	4	that	that	SCONJ
amfbr-132	163	5	there	there	PRON
amfbr-132	163	6	is	be	VERB
amfbr-132	163	7	a	a	DET
amfbr-132	163	8	dividend	dividend	NOUN
amfbr-132	163	9	effect	effect	NOUN
amfbr-132	163	10	on	on	ADP
amfbr-132	163	11	share	share	NOUN
amfbr-132	163	12	price	price	NOUN
amfbr-132	163	13	that	that	PRON
amfbr-132	163	14	may	may	AUX
amfbr-132	163	15	be	be	AUX
amfbr-132	163	16	mediated	mediate	VERB
amfbr-132	163	17	.	.	PUNCT
amfbr-132	164	1			NOUN
amfbr-132	164	2	model	model	VERB
amfbr-132	164	3	3	3	NUM
amfbr-132	164	4	is	be	AUX
amfbr-132	164	5	to	to	PART
amfbr-132	164	6	determine	determine	VERB
amfbr-132	164	7	that	that	SCONJ
amfbr-132	164	8	the	the	DET
amfbr-132	164	9	mediating	mediate	VERB
amfbr-132	164	10	variable	variable	NOUN
amfbr-132	164	11	(	(	PUNCT
amfbr-132	164	12	expected	expect	VERB
amfbr-132	164	13	earnings	earning	NOUN
amfbr-132	164	14	)	)	PUNCT
amfbr-132	164	15	affects	affect	VERB
amfbr-132	164	16	share	share	NOUN
amfbr-132	164	17	price	price	NOUN
amfbr-132	164	18	.	.	PUNCT
amfbr-132	165	1	the	the	DET
amfbr-132	165	2	regression	regression	NOUN
amfbr-132	165	3	model	model	NOUN
amfbr-132	165	4	is	be	AUX
amfbr-132	165	5	y	y	NOUN
amfbr-132	165	6	=	=	PUNCT
amfbr-132	165	7	ɤ1	ɤ1	PROPN
amfbr-132	165	8	+	+	CCONJ
amfbr-132	166	1	ɤ2	ɤ2	VERB
amfbr-132	166	2	x	x	SYM
amfbr-132	166	3	+	+	PUNCT
amfbr-132	166	4	ɤ3	ɤ3	NUM
amfbr-132	166	5	m	m	VERB
amfbr-132	166	6	+	+	X
amfbr-132	166	7	ei	ei	X
amfbr-132	166	8	(	(	PUNCT
amfbr-132	166	9	3	3	NUM
amfbr-132	166	10	)	)	PUNCT
amfbr-132	166	11	where	where	SCONJ
amfbr-132	166	12	:	:	PUNCT
amfbr-132	166	13	ɤ1	ɤ1	NOUN
amfbr-132	166	14	=	=	NOUN
amfbr-132	166	15	intercept	intercept	NOUN
amfbr-132	166	16	;	;	PUNCT
amfbr-132	166	17	ɤ2	ɤ2	VERB
amfbr-132	166	18	=	=	PUNCT
amfbr-132	166	19	the	the	DET
amfbr-132	166	20	direct	direct	ADJ
amfbr-132	166	21	effect	effect	NOUN
amfbr-132	166	22	of	of	ADP
amfbr-132	166	23	expected	expect	VERB
amfbr-132	166	24	dividend	dividend	NOUN
amfbr-132	166	25	on	on	ADP
amfbr-132	166	26	share	share	NOUN
amfbr-132	166	27	price	price	NOUN
amfbr-132	166	28	ɤ3	ɤ3	NOUN
amfbr-132	167	1	=	=	PUNCT
amfbr-132	167	2	the	the	DET
amfbr-132	167	3	direct	direct	ADJ
amfbr-132	167	4	effect	effect	NOUN
amfbr-132	167	5	of	of	ADP
amfbr-132	167	6	expected	expect	VERB
amfbr-132	167	7	earnings	earning	NOUN
amfbr-132	167	8	on	on	ADP
amfbr-132	167	9	share	share	NOUN
amfbr-132	167	10	price	price	NOUN
amfbr-132	167	11	y	y	PROPN
amfbr-132	167	12	=	=	PUNCT
amfbr-132	167	13	share	share	NOUN
amfbr-132	167	14	price	price	NOUN
amfbr-132	167	15	;	;	PUNCT
amfbr-132	167	16	x	x	SYM
amfbr-132	167	17	=	=	PUNCT
amfbr-132	167	18	dividend	dividend	NOUN
amfbr-132	167	19	;	;	PUNCT
amfbr-132	167	20	m	m	VERB
amfbr-132	167	21	=	=	ADJ
amfbr-132	167	22	earnings	earning	NOUN
amfbr-132	167	23	;	;	PUNCT
amfbr-132	167	24	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	167	25	american	american	PROPN
amfbr-132	167	26	finance	finance	PROPN
amfbr-132	167	27	&	&	CCONJ
amfbr-132	167	28	banking	banking	PROPN
amfbr-132	167	29	review	review	PROPN
amfbr-132	167	30	vol	vol	NOUN
amfbr-132	167	31	.	.	PROPN
amfbr-132	168	1	2	2	NUM
amfbr-132	168	2	,	,	PUNCT
amfbr-132	168	3	no	no	INTJ
amfbr-132	168	4	.	.	NOUN
amfbr-132	168	5	2	2	NUM
amfbr-132	168	6	;	;	PUNCT
amfbr-132	168	7	2018	2018	NUM
amfbr-132	168	8	6	6	NUM
amfbr-132	168	9	ei	ei	NOUN
amfbr-132	168	10	=	=	NOUN
amfbr-132	168	11	error	error	NOUN
amfbr-132	168	12	term	term	NOUN
amfbr-132	168	13	,	,	PUNCT
amfbr-132	168	14	equation	equation	NOUN
amfbr-132	168	15	(	(	PUNCT
amfbr-132	168	16	3	3	X
amfbr-132	168	17	)	)	PUNCT
amfbr-132	168	18	produces	produce	VERB
amfbr-132	168	19	the	the	DET
amfbr-132	168	20	direct	direct	ADJ
amfbr-132	168	21	effect	effect	NOUN
amfbr-132	168	22	of	of	ADP
amfbr-132	168	23	expected	expect	VERB
amfbr-132	168	24	dividend	dividend	NOUN
amfbr-132	168	25	on	on	ADP
amfbr-132	168	26	share	share	NOUN
amfbr-132	168	27	price	price	NOUN
amfbr-132	168	28	,	,	PUNCT
amfbr-132	168	29	ɤ2	ɤ2	VERB
amfbr-132	168	30	,	,	PUNCT
amfbr-132	168	31	and	and	CCONJ
amfbr-132	168	32	the	the	DET
amfbr-132	168	33	direct	direct	ADJ
amfbr-132	168	34	effect	effect	NOUN
amfbr-132	168	35	of	of	ADP
amfbr-132	168	36	expected	expect	VERB
amfbr-132	168	37	earnings	earning	NOUN
amfbr-132	168	38	on	on	ADP
amfbr-132	168	39	share	share	NOUN
amfbr-132	168	40	price	price	NOUN
amfbr-132	168	41	,	,	PUNCT
amfbr-132	168	42	“	"	PUNCT
amfbr-132	168	43	ɤ3	ɤ3	PROPN
amfbr-132	168	44	”	"	PUNCT
amfbr-132	168	45	.	.	PUNCT
amfbr-132	169	1	the	the	DET
amfbr-132	169	2	model	model	NOUN
amfbr-132	169	3	controls	control	VERB
amfbr-132	169	4	for	for	ADP
amfbr-132	169	5	the	the	DET
amfbr-132	169	6	influence	influence	NOUN
amfbr-132	169	7	of	of	ADP
amfbr-132	169	8	earnings	earning	NOUN
amfbr-132	169	9	on	on	ADP
amfbr-132	169	10	the	the	DET
amfbr-132	169	11	effect	effect	NOUN
amfbr-132	169	12	of	of	ADP
amfbr-132	169	13	dividend	dividend	NOUN
amfbr-132	169	14	on	on	ADP
amfbr-132	169	15	share	share	NOUN
amfbr-132	169	16	price	price	NOUN
amfbr-132	169	17	by	by	ADP
amfbr-132	169	18	establishing	establish	VERB
amfbr-132	169	19	the	the	DET
amfbr-132	169	20	effect	effect	NOUN
amfbr-132	169	21	of	of	ADP
amfbr-132	169	22	earnings	earning	NOUN
amfbr-132	169	23	on	on	ADP
amfbr-132	169	24	share	share	NOUN
amfbr-132	169	25	price	price	NOUN
amfbr-132	169	26	as	as	SCONJ
amfbr-132	169	27	suggested	suggest	VERB
amfbr-132	169	28	by	by	ADP
amfbr-132	169	29	baron	baron	NOUN
amfbr-132	169	30	and	and	CCONJ
amfbr-132	169	31	kenny	kenny	PROPN
amfbr-132	169	32	(	(	PUNCT
amfbr-132	169	33	1986	1986	NUM
amfbr-132	169	34	)	)	PUNCT
amfbr-132	169	35	,	,	PUNCT
amfbr-132	169	36	judd	judd	PROPN
amfbr-132	169	37	and	and	CCONJ
amfbr-132	169	38	kenny	kenny	PROPN
amfbr-132	169	39	(	(	PUNCT
amfbr-132	169	40	1981	1981	NUM
amfbr-132	169	41	)	)	PUNCT
amfbr-132	169	42	,	,	PUNCT
amfbr-132	169	43	mediation	mediation	NOUN
amfbr-132	169	44	analysis	analysis	NOUN
amfbr-132	169	45	can	can	AUX
amfbr-132	169	46	be	be	AUX
amfbr-132	169	47	done	do	VERB
amfbr-132	169	48	through	through	ADP
amfbr-132	169	49	a	a	DET
amfbr-132	169	50	series	series	NOUN
amfbr-132	169	51	of	of	ADP
amfbr-132	169	52	regression	regression	NOUN
amfbr-132	169	53	analyses	analysis	NOUN
amfbr-132	169	54	which	which	PRON
amfbr-132	169	55	reflect	reflect	VERB
amfbr-132	169	56	the	the	DET
amfbr-132	169	57	above	above	ADJ
amfbr-132	169	58	conditions	condition	NOUN
amfbr-132	169	59	necessary	necessary	ADJ
amfbr-132	169	60	to	to	PART
amfbr-132	169	61	demonstrate	demonstrate	VERB
amfbr-132	169	62	mediation	mediation	NOUN
amfbr-132	169	63	.	.	PUNCT
amfbr-132	170	1	fields	field	NOUN
amfbr-132	170	2	(	(	PUNCT
amfbr-132	170	3	2012),however	2012),however	NUM
amfbr-132	170	4	affirmed	affirm	VERB
amfbr-132	170	5	that	that	SCONJ
amfbr-132	170	6	by	by	ADP
amfbr-132	170	7	far	far	ADV
amfbr-132	170	8	,	,	PUNCT
amfbr-132	170	9	the	the	DET
amfbr-132	170	10	best	good	ADJ
amfbr-132	170	11	way	way	NOUN
amfbr-132	170	12	to	to	PART
amfbr-132	170	13	tackle	tackle	VERB
amfbr-132	170	14	mediation	mediation	NOUN
amfbr-132	170	15	analyses	analysis	NOUN
amfbr-132	170	16	is	be	AUX
amfbr-132	170	17	to	to	PART
amfbr-132	170	18	use	use	VERB
amfbr-132	170	19	the	the	DET
amfbr-132	170	20	process	process	NOUN
amfbr-132	170	21	custom	custom	NOUN
amfbr-132	170	22	dialog	dialog	PROPN
amfbr-132	170	23	box	box	NOUN
amfbr-132	170	24	written	write	VERB
amfbr-132	170	25	by	by	ADP
amfbr-132	170	26	hayes	hayes	PROPN
amfbr-132	170	27	(	(	PUNCT
amfbr-132	170	28	2012	2012	NUM
amfbr-132	170	29	)	)	PUNCT
amfbr-132	170	30	to	to	PART
amfbr-132	170	31	wrap	wrap	VERB
amfbr-132	170	32	the	the	DET
amfbr-132	170	33	preacher	preacher	NOUN
amfbr-132	170	34	and	and	CCONJ
amfbr-132	170	35	hayes(2004	hayes(2004	NOUN
amfbr-132	170	36	,	,	PUNCT
amfbr-132	170	37	2008a	2008a	NUM
amfbr-132	170	38	)	)	PUNCT
amfbr-132	170	39	mediation	mediation	NOUN
amfbr-132	170	40	and	and	CCONJ
amfbr-132	170	41	moderation	moderation	NOUN
amfbr-132	170	42	tools	tool	NOUN
amfbr-132	170	43	in	in	ADP
amfbr-132	170	44	a	a	DET
amfbr-132	170	45	convenient	convenient	ADJ
amfbr-132	170	46	menu	menu	NOUN
amfbr-132	170	47	and	and	CCONJ
amfbr-132	170	48	dialog	dialog	PROPN
amfbr-132	170	49	box	box	PROPN
amfbr-132	170	50	interface	interface	NOUN
amfbr-132	170	51	in	in	ADP
amfbr-132	170	52	ibm	ibm	PROPN
amfbr-132	170	53	statistical	statistical	ADJ
amfbr-132	170	54	package	package	NOUN
amfbr-132	170	55	for	for	ADP
amfbr-132	170	56	social	social	ADJ
amfbr-132	170	57	sciences	science	NOUN
amfbr-132	170	58	statistical	statistical	ADJ
amfbr-132	170	59	software	software	NOUN
amfbr-132	170	60	(	(	PUNCT
amfbr-132	170	61	spss	spss	PROPN
amfbr-132	170	62	)	)	PUNCT
amfbr-132	170	63	.	.	PUNCT
amfbr-132	171	1	this	this	DET
amfbr-132	171	2	software	software	NOUN
amfbr-132	171	3	was	be	AUX
amfbr-132	171	4	employed	employ	VERB
amfbr-132	171	5	to	to	PART
amfbr-132	171	6	do	do	VERB
amfbr-132	171	7	mediation	mediation	NOUN
amfbr-132	171	8	analysis	analysis	NOUN
amfbr-132	171	9	in	in	ADP
amfbr-132	171	10	this	this	DET
amfbr-132	171	11	study	study	NOUN
amfbr-132	171	12	.	.	PUNCT
amfbr-132	172	1	3.2	3.2	NUM
amfbr-132	172	2	.	.	PUNCT
amfbr-132	172	3	estimation	estimation	NOUN
amfbr-132	172	4	technique	technique	NOUN
amfbr-132	172	5	field	field	NOUN
amfbr-132	172	6	(	(	PUNCT
amfbr-132	172	7	2012	2012	NUM
amfbr-132	172	8	)	)	PUNCT
amfbr-132	172	9	states	state	VERB
amfbr-132	172	10	that	that	SCONJ
amfbr-132	172	11	the	the	DET
amfbr-132	172	12	three	three	NUM
amfbr-132	172	13	models	model	NOUN
amfbr-132	172	14	discussed	discuss	VERB
amfbr-132	172	15	earlier	early	ADV
amfbr-132	172	16	(	(	PUNCT
amfbr-132	172	17	equations	equation	NOUN
amfbr-132	172	18	1	1	NUM
amfbr-132	172	19	,	,	PUNCT
amfbr-132	172	20	2	2	NUM
amfbr-132	172	21	and	and	CCONJ
amfbr-132	172	22	3	3	NUM
amfbr-132	172	23	)	)	PUNCT
amfbr-132	172	24	above	above	ADP
amfbr-132	172	25	test	test	VERB
amfbr-132	172	26	the	the	DET
amfbr-132	172	27	four	four	NUM
amfbr-132	172	28	conditions	condition	NOUN
amfbr-132	172	29	of	of	ADP
amfbr-132	172	30	mediation	mediation	NOUN
amfbr-132	172	31	:	:	PUNCT
amfbr-132	172	32			PRON
amfbr-132	172	33	expected	expect	VERB
amfbr-132	172	34	dividend	dividend	NOUN
amfbr-132	172	35	must	must	AUX
amfbr-132	172	36	significantly	significantly	ADV
amfbr-132	172	37	predict	predict	VERB
amfbr-132	172	38	expected	expect	VERB
amfbr-132	172	39	earnings	earning	NOUN
amfbr-132	172	40	in	in	ADP
amfbr-132	172	41	model	model	NOUN
amfbr-132	172	42	1	1	NUM
amfbr-132	172	43	(	(	PUNCT
amfbr-132	172	44	equation	equation	NOUN
amfbr-132	172	45	1	1	NUM
amfbr-132	172	46	)	)	PUNCT
amfbr-132	172	47	.	.	PUNCT
amfbr-132	173	1			PRON
amfbr-132	173	2	expected	expect	VERB
amfbr-132	173	3	dividend	dividend	NOUN
amfbr-132	173	4	must	must	AUX
amfbr-132	173	5	significantly	significantly	ADV
amfbr-132	173	6	predict	predict	VERB
amfbr-132	173	7	share	share	NOUN
amfbr-132	173	8	price	price	NOUN
amfbr-132	173	9	in	in	ADP
amfbr-132	173	10	model	model	NOUN
amfbr-132	173	11	2	2	NUM
amfbr-132	173	12	(	(	PUNCT
amfbr-132	173	13	equation	equation	NOUN
amfbr-132	173	14	2	2	NUM
amfbr-132	173	15	)	)	PUNCT
amfbr-132	173	16	.	.	PUNCT
amfbr-132	174	1			PRON
amfbr-132	174	2	expected	expect	VERB
amfbr-132	174	3	earnings	earning	NOUN
amfbr-132	174	4	must	must	AUX
amfbr-132	174	5	significantly	significantly	ADV
amfbr-132	174	6	predict	predict	VERB
amfbr-132	174	7	share	share	NOUN
amfbr-132	174	8	price	price	NOUN
amfbr-132	174	9	in	in	ADP
amfbr-132	174	10	model	model	NOUN
amfbr-132	174	11	3	3	NUM
amfbr-132	174	12	(	(	PUNCT
amfbr-132	174	13	equation	equation	NOUN
amfbr-132	174	14	3	3	NUM
amfbr-132	174	15	)	)	PUNCT
amfbr-132	174	16	.	.	PUNCT
amfbr-132	175	1			PRON
amfbr-132	175	2	expected	expect	VERB
amfbr-132	175	3	dividend	dividend	NOUN
amfbr-132	175	4	must	must	AUX
amfbr-132	175	5	predict	predict	VERB
amfbr-132	175	6	share	share	NOUN
amfbr-132	175	7	price	price	NOUN
amfbr-132	175	8	less	less	ADV
amfbr-132	175	9	strongly	strongly	ADV
amfbr-132	175	10	in	in	ADP
amfbr-132	175	11	model	model	NOUN
amfbr-132	175	12	3	3	NUM
amfbr-132	175	13	than	than	ADP
amfbr-132	175	14	in	in	ADP
amfbr-132	175	15	model	model	NOUN
amfbr-132	175	16	2	2	NUM
amfbr-132	175	17	.	.	PUNCT
amfbr-132	175	18	to	to	PART
amfbr-132	175	19	establish	establish	VERB
amfbr-132	175	20	that	that	SCONJ
amfbr-132	175	21	earnings	earning	NOUN
amfbr-132	175	22	completely	completely	ADV
amfbr-132	175	23	mediates	mediate	VERB
amfbr-132	175	24	the	the	DET
amfbr-132	175	25	dividend	dividend	NOUN
amfbr-132	175	26	-	-	PUNCT
amfbr-132	175	27	share	share	NOUN
amfbr-132	175	28	price	price	NOUN
amfbr-132	175	29	relationship	relationship	NOUN
amfbr-132	175	30	,	,	PUNCT
amfbr-132	175	31	in	in	ADP
amfbr-132	175	32	model	model	NOUN
amfbr-132	175	33	3	3	NUM
amfbr-132	175	34	(	(	PUNCT
amfbr-132	175	35	equation	equation	NOUN
amfbr-132	175	36	3	3	NUM
amfbr-132	175	37	)	)	PUNCT
amfbr-132	175	38	,	,	PUNCT
amfbr-132	175	39	the	the	DET
amfbr-132	175	40	effect	effect	NOUN
amfbr-132	175	41	of	of	ADP
amfbr-132	175	42	dividend	dividend	NOUN
amfbr-132	175	43	on	on	ADP
amfbr-132	175	44	share	share	NOUN
amfbr-132	175	45	price	price	NOUN
amfbr-132	175	46	after	after	ADP
amfbr-132	175	47	controlling	control	VERB
amfbr-132	175	48	for	for	ADP
amfbr-132	175	49	earnings	earning	NOUN
amfbr-132	175	50	(	(	PUNCT
amfbr-132	175	51	coefficient	coefficient	NOUN
amfbr-132	175	52	ɤ2	ɤ2	VERB
amfbr-132	175	53	)	)	PUNCT
amfbr-132	175	54	should	should	AUX
amfbr-132	175	55	not	not	PART
amfbr-132	175	56	be	be	AUX
amfbr-132	175	57	significantly	significantly	ADV
amfbr-132	175	58	different	different	ADJ
amfbr-132	175	59	from	from	ADP
amfbr-132	175	60	zero	zero	NUM
amfbr-132	175	61	.	.	PUNCT
amfbr-132	176	1	such	such	ADJ
amfbr-132	176	2	result	result	NOUN
amfbr-132	176	3	will	will	AUX
amfbr-132	176	4	uphold	uphold	VERB
amfbr-132	176	5	dividend	dividend	NOUN
amfbr-132	176	6	irrelevance	irrelevance	NOUN
amfbr-132	176	7	proposition	proposition	NOUN
amfbr-132	176	8	.	.	PUNCT
amfbr-132	177	1	but	but	CCONJ
amfbr-132	177	2	if	if	SCONJ
amfbr-132	177	3	in	in	ADP
amfbr-132	177	4	model	model	NOUN
amfbr-132	177	5	3	3	NUM
amfbr-132	177	6	(	(	PUNCT
amfbr-132	177	7	equation	equation	NOUN
amfbr-132	177	8	3	3	NUM
amfbr-132	177	9	)	)	PUNCT
amfbr-132	177	10	the	the	DET
amfbr-132	177	11	coefficient	coefficient	NOUN
amfbr-132	178	1	c	c	X
amfbr-132	178	2	'	'	PUNCT
amfbr-132	178	3	is	be	AUX
amfbr-132	178	4	significantly	significantly	ADV
amfbr-132	178	5	different	different	ADJ
amfbr-132	178	6	from	from	ADP
amfbr-132	178	7	zero	zero	NUM
amfbr-132	178	8	and	and	CCONJ
amfbr-132	178	9	the	the	DET
amfbr-132	178	10	coefficient	coefficient	NOUN
amfbr-132	178	11	ɤ3	ɤ3	NOUN
amfbr-132	178	12	is	be	AUX
amfbr-132	178	13	not	not	PART
amfbr-132	178	14	significantly	significantly	ADV
amfbr-132	178	15	different	different	ADJ
amfbr-132	178	16	from	from	ADP
amfbr-132	178	17	zero	zero	NUM
amfbr-132	178	18	,	,	PUNCT
amfbr-132	178	19	dividend	dividend	VERB
amfbr-132	178	20	irrelevant	irrelevant	ADJ
amfbr-132	178	21	proposition	proposition	NOUN
amfbr-132	178	22	is	be	AUX
amfbr-132	178	23	refuted	refute	VERB
amfbr-132	178	24	.	.	PUNCT
amfbr-132	179	1	but	but	CCONJ
amfbr-132	179	2	if	if	SCONJ
amfbr-132	179	3	in	in	ADP
amfbr-132	179	4	model	model	NOUN
amfbr-132	179	5	3	3	NUM
amfbr-132	179	6	(	(	PUNCT
amfbr-132	179	7	equation	equation	NOUN
amfbr-132	179	8	3	3	NUM
amfbr-132	179	9	)	)	PUNCT
amfbr-132	179	10	,	,	PUNCT
amfbr-132	179	11	the	the	DET
amfbr-132	179	12	coefficient	coefficient	NOUN
amfbr-132	179	13	,	,	PUNCT
amfbr-132	179	14	ɤ2	ɤ2	VERB
amfbr-132	179	15	,	,	PUNCT
amfbr-132	179	16	is	be	AUX
amfbr-132	179	17	significantly	significantly	ADV
amfbr-132	179	18	different	different	ADJ
amfbr-132	179	19	from	from	ADP
amfbr-132	179	20	zero	zero	NUM
amfbr-132	179	21	and	and	CCONJ
amfbr-132	179	22	coefficient	coefficient	VERB
amfbr-132	179	23	“	"	PUNCT
amfbr-132	179	24	β1	β1	PROPN
amfbr-132	179	25	”	"	PUNCT
amfbr-132	179	26	in	in	ADP
amfbr-132	179	27	model	model	NOUN
amfbr-132	179	28	1(equation	1(equation	NUM
amfbr-132	179	29	1	1	NUM
amfbr-132	179	30	)	)	PUNCT
amfbr-132	179	31	and	and	CCONJ
amfbr-132	179	32	“	"	PUNCT
amfbr-132	179	33	ɤ3	ɤ3	PROPN
amfbr-132	179	34	”	"	PUNCT
amfbr-132	179	35	in	in	ADP
amfbr-132	179	36	model	model	NOUN
amfbr-132	179	37	3(equation	3(equation	NUM
amfbr-132	179	38	3	3	NUM
amfbr-132	179	39	)	)	PUNCT
amfbr-132	179	40	,	,	PUNCT
amfbr-132	179	41	are	be	AUX
amfbr-132	179	42	significantly	significantly	ADV
amfbr-132	179	43	different	different	ADJ
amfbr-132	179	44	from	from	ADP
amfbr-132	179	45	zero	zero	NUM
amfbr-132	179	46	,	,	PUNCT
amfbr-132	179	47	then	then	ADV
amfbr-132	179	48	earnings	earning	NOUN
amfbr-132	179	49	has	have	VERB
amfbr-132	179	50	partial	partial	ADJ
amfbr-132	179	51	mediation	mediation	NOUN
amfbr-132	179	52	effect	effect	NOUN
amfbr-132	179	53	on	on	ADP
amfbr-132	179	54	dividend	dividend	NOUN
amfbr-132	179	55	,	,	PUNCT
amfbr-132	179	56	suggesting	suggest	VERB
amfbr-132	179	57	that	that	DET
amfbr-132	179	58	dividend	dividend	NOUN
amfbr-132	179	59	has	have	VERB
amfbr-132	179	60	both	both	CCONJ
amfbr-132	179	61	indirect	indirect	ADJ
amfbr-132	179	62	(	(	PUNCT
amfbr-132	179	63	mediation	mediation	NOUN
amfbr-132	179	64	)	)	PUNCT
amfbr-132	179	65	effect	effect	NOUN
amfbr-132	179	66	(	(	PUNCT
amfbr-132	179	67	through	through	ADP
amfbr-132	179	68	earnings	earning	NOUN
amfbr-132	179	69	)	)	PUNCT
amfbr-132	179	70	and	and	CCONJ
amfbr-132	179	71	direct	direct	ADJ
amfbr-132	179	72	effect	effect	NOUN
amfbr-132	179	73	on	on	ADP
amfbr-132	179	74	share	share	NOUN
amfbr-132	179	75	price	price	NOUN
amfbr-132	179	76	.	.	PUNCT
amfbr-132	180	1	field	field	NOUN
amfbr-132	180	2	(	(	PUNCT
amfbr-132	180	3	2012	2012	NUM
amfbr-132	180	4	)	)	PUNCT
amfbr-132	180	5	further	far	ADV
amfbr-132	180	6	observed	observe	VERB
amfbr-132	180	7	that	that	SCONJ
amfbr-132	180	8	although	although	SCONJ
amfbr-132	180	9	baron	baron	NOUN
amfbr-132	180	10	and	and	CCONJ
amfbr-132	180	11	kenny	kenny	PROPN
amfbr-132	180	12	(	(	PUNCT
amfbr-132	180	13	1986	1986	NUM
amfbr-132	180	14	)	)	PUNCT
amfbr-132	180	15	advocated	advocate	VERB
amfbr-132	180	16	looking	look	VERB
amfbr-132	180	17	at	at	ADP
amfbr-132	180	18	the	the	DET
amfbr-132	180	19	size	size	NOUN
amfbr-132	180	20	of	of	ADP
amfbr-132	180	21	the	the	DET
amfbr-132	180	22	regression	regression	NOUN
amfbr-132	180	23	parameters	parameter	NOUN
amfbr-132	180	24	,	,	PUNCT
amfbr-132	180	25	in	in	ADP
amfbr-132	180	26	practice	practice	NOUN
amfbr-132	180	27	,	,	PUNCT
amfbr-132	180	28	people	people	NOUN
amfbr-132	180	29	tend	tend	VERB
amfbr-132	180	30	to	to	PART
amfbr-132	180	31	look	look	VERB
amfbr-132	180	32	for	for	ADP
amfbr-132	180	33	a	a	DET
amfbr-132	180	34	change	change	NOUN
amfbr-132	180	35	in	in	ADP
amfbr-132	180	36	significance	significance	NOUN
amfbr-132	180	37	.	.	PUNCT
amfbr-132	181	1	so	so	ADV
amfbr-132	181	2	mediation	mediation	NOUN
amfbr-132	181	3	would	would	AUX
amfbr-132	181	4	occur	occur	VERB
amfbr-132	181	5	,	,	PUNCT
amfbr-132	181	6	if	if	SCONJ
amfbr-132	181	7	the	the	DET
amfbr-132	181	8	relationship	relationship	NOUN
amfbr-132	181	9	between	between	ADP
amfbr-132	181	10	the	the	DET
amfbr-132	181	11	predictor	predictor	NOUN
amfbr-132	181	12	(	(	PUNCT
amfbr-132	181	13	dividend	dividend	NOUN
amfbr-132	181	14	)	)	PUNCT
amfbr-132	181	15	and	and	CCONJ
amfbr-132	181	16	outcome	outcome	NOUN
amfbr-132	181	17	(	(	PUNCT
amfbr-132	181	18	share	share	NOUN
amfbr-132	181	19	price	price	NOUN
amfbr-132	181	20	)	)	PUNCT
amfbr-132	181	21	was	be	AUX
amfbr-132	181	22	significant	significant	ADJ
amfbr-132	181	23	(	(	PUNCT
amfbr-132	181	24	p	p	X
amfbr-132	181	25	<	<	X
amfbr-132	181	26	0.05	0.05	NUM
amfbr-132	181	27	)	)	PUNCT
amfbr-132	181	28	when	when	SCONJ
amfbr-132	181	29	looked	look	VERB
amfbr-132	181	30	at	at	ADP
amfbr-132	181	31	in	in	ADP
amfbr-132	181	32	isolation	isolation	NOUN
amfbr-132	181	33	(	(	PUNCT
amfbr-132	181	34	model	model	NOUN
amfbr-132	181	35	1	1	NUM
amfbr-132	181	36	)	)	PUNCT
amfbr-132	181	37	but	but	CCONJ
amfbr-132	181	38	not	not	PART
amfbr-132	181	39	significant	significant	ADJ
amfbr-132	181	40	(	(	PUNCT
amfbr-132	181	41	p	p	X
amfbr-132	181	42	>	>	X
amfbr-132	181	43	0.05	0.05	NUM
amfbr-132	181	44	)	)	PUNCT
amfbr-132	181	45	,	,	PUNCT
amfbr-132	181	46	when	when	SCONJ
amfbr-132	181	47	the	the	DET
amfbr-132	181	48	mediator	mediator	NOUN
amfbr-132	181	49	(	(	PUNCT
amfbr-132	181	50	for	for	ADP
amfbr-132	181	51	example	example	NOUN
amfbr-132	181	52	,	,	PUNCT
amfbr-132	181	53	earnings	earning	NOUN
amfbr-132	181	54	)	)	PUNCT
amfbr-132	181	55	is	be	AUX
amfbr-132	181	56	included	include	VERB
amfbr-132	181	57	(	(	PUNCT
amfbr-132	181	58	model	model	NOUN
amfbr-132	181	59	3	3	NUM
amfbr-132	181	60	)	)	PUNCT
amfbr-132	181	61	.	.	PUNCT
amfbr-132	182	1	where	where	SCONJ
amfbr-132	182	2	the	the	DET
amfbr-132	182	3	coefficient	coefficient	NOUN
amfbr-132	182	4	of	of	ADP
amfbr-132	182	5	the	the	DET
amfbr-132	182	6	predictor	predictor	NOUN
amfbr-132	182	7	(	(	PUNCT
amfbr-132	182	8	dividend	dividend	NOUN
amfbr-132	182	9	)	)	PUNCT
amfbr-132	182	10	is	be	AUX
amfbr-132	182	11	significant	significant	ADJ
amfbr-132	182	12	in	in	ADP
amfbr-132	182	13	both	both	DET
amfbr-132	182	14	models	model	NOUN
amfbr-132	182	15	1	1	NUM
amfbr-132	182	16	and	and	CCONJ
amfbr-132	182	17	2	2	NUM
amfbr-132	182	18	,	,	PUNCT
amfbr-132	182	19	mediation	mediation	NOUN
amfbr-132	182	20	can	can	AUX
amfbr-132	182	21	exist	exist	VERB
amfbr-132	182	22	,	,	PUNCT
amfbr-132	182	23	if	if	SCONJ
amfbr-132	182	24	there	there	PRON
amfbr-132	182	25	is	be	VERB
amfbr-132	182	26	a	a	DET
amfbr-132	182	27	reduction	reduction	NOUN
amfbr-132	182	28	in	in	ADP
amfbr-132	182	29	the	the	DET
amfbr-132	182	30	size	size	NOUN
amfbr-132	182	31	of	of	ADP
amfbr-132	182	32	the	the	DET
amfbr-132	182	33	coefficient	coefficient	NOUN
amfbr-132	182	34	of	of	ADP
amfbr-132	182	35	relationship	relationship	NOUN
amfbr-132	182	36	between	between	ADP
amfbr-132	182	37	the	the	DET
amfbr-132	182	38	predictor(dividend	predictor(dividend	NOUN
amfbr-132	182	39	)	)	PUNCT
amfbr-132	182	40	and	and	CCONJ
amfbr-132	182	41	outcome	outcome	NOUN
amfbr-132	182	42	(	(	PUNCT
amfbr-132	182	43	share	share	NOUN
amfbr-132	182	44	price	price	NOUN
amfbr-132	182	45	)	)	PUNCT
amfbr-132	182	46	in	in	ADP
amfbr-132	182	47	model	model	NOUN
amfbr-132	182	48	3	3	NUM
amfbr-132	182	49	,	,	PUNCT
amfbr-132	182	50	as	as	SCONJ
amfbr-132	182	51	compared	compare	VERB
amfbr-132	182	52	to	to	ADP
amfbr-132	182	53	model	model	NOUN
amfbr-132	182	54	1	1	NUM
amfbr-132	182	55	.	.	PUNCT
amfbr-132	183	1	in	in	ADP
amfbr-132	183	2	other	other	ADJ
amfbr-132	183	3	words	word	NOUN
amfbr-132	183	4	,	,	PUNCT
amfbr-132	183	5	the	the	DET
amfbr-132	183	6	predictor	predictor	NOUN
amfbr-132	183	7	variable	variable	NOUN
amfbr-132	183	8	(	(	PUNCT
amfbr-132	183	9	dividend	dividend	NOUN
amfbr-132	183	10	)	)	PUNCT
amfbr-132	183	11	predicts	predict	VERB
amfbr-132	183	12	the	the	DET
amfbr-132	183	13	outcome	outcome	NOUN
amfbr-132	183	14	variable	variable	NOUN
amfbr-132	183	15	(	(	PUNCT
amfbr-132	183	16	share	share	NOUN
amfbr-132	183	17	price	price	NOUN
amfbr-132	183	18	)	)	PUNCT
amfbr-132	183	19	less	less	ADV
amfbr-132	183	20	strongly	strongly	ADV
amfbr-132	183	21	in	in	ADP
amfbr-132	183	22	model	model	NOUN
amfbr-132	183	23	3	3	NUM
amfbr-132	183	24	than	than	ADP
amfbr-132	183	25	in	in	ADP
amfbr-132	183	26	model	model	NOUN
amfbr-132	183	27	1	1	NUM
amfbr-132	183	28	.	.	PUNCT
amfbr-132	183	29	field	field	NOUN
amfbr-132	183	30	(	(	PUNCT
amfbr-132	183	31	2012	2012	NUM
amfbr-132	183	32	)	)	PUNCT
amfbr-132	183	33	remarked	remark	VERB
amfbr-132	183	34	that	that	SCONJ
amfbr-132	183	35	the	the	DET
amfbr-132	183	36	problem	problem	NOUN
amfbr-132	183	37	with	with	ADP
amfbr-132	183	38	baron	baron	NOUN
amfbr-132	183	39	and	and	CCONJ
amfbr-132	183	40	kenny	kenny	PROPN
amfbr-132	183	41	(	(	PUNCT
amfbr-132	183	42	1986	1986	NUM
amfbr-132	183	43	)	)	PUNCT
amfbr-132	183	44	test	test	NOUN
amfbr-132	183	45	of	of	ADP
amfbr-132	183	46	mediation	mediation	NOUN
amfbr-132	183	47	is	be	AUX
amfbr-132	183	48	the	the	DET
amfbr-132	183	49	question	question	NOUN
amfbr-132	183	50	of	of	ADP
amfbr-132	183	51	how	how	SCONJ
amfbr-132	183	52	much	much	ADJ
amfbr-132	183	53	of	of	ADP
amfbr-132	183	54	a	a	DET
amfbr-132	183	55	reduction	reduction	NOUN
amfbr-132	183	56	is	be	AUX
amfbr-132	183	57	necessary	necessary	ADJ
amfbr-132	183	58	to	to	ADP
amfbr-132	183	59	intermediation	intermediation	NOUN
amfbr-132	183	60	.	.	PUNCT
amfbr-132	184	1	4	4	X
amfbr-132	184	2	.	.	X
amfbr-132	184	3	data	datum	NOUN
amfbr-132	184	4	analysis	analysis	NOUN
amfbr-132	184	5	and	and	CCONJ
amfbr-132	184	6	interpretation	interpretation	NOUN
amfbr-132	184	7	descriptive	descriptive	ADJ
amfbr-132	184	8	statistics	statistic	NOUN
amfbr-132	184	9	and	and	CCONJ
amfbr-132	184	10	correlation	correlation	NOUN
amfbr-132	184	11	table	table	NOUN
amfbr-132	184	12	1	1	NUM
amfbr-132	184	13	.	.	PUNCT
amfbr-132	184	14	descriptive	descriptive	ADJ
amfbr-132	184	15	statistics	statistic	NOUN
amfbr-132	184	16	n	n	PRON
amfbr-132	184	17	minimum	minimum	ADJ
amfbr-132	184	18	maximum	maximum	ADJ
amfbr-132	184	19	mean	mean	NOUN
amfbr-132	184	20	std.deviation	std.deviation	NOUN
amfbr-132	184	21	earnings	earning	NOUN
amfbr-132	184	22	609	609	NUM
amfbr-132	184	23	-20.000	-20.000	NUM
amfbr-132	184	24	28.000	28.000	NUM
amfbr-132	184	25	2.065	2.065	NUM
amfbr-132	184	26	3.724	3.724	NUM
amfbr-132	184	27	dividend	dividend	NOUN
amfbr-132	184	28	602	602	NUM
amfbr-132	184	29	0.00	0.00	NUM
amfbr-132	184	30	24.000	24.000	NUM
amfbr-132	184	31	1.293	1.293	NUM
amfbr-132	184	32	2.658	2.658	NUM
amfbr-132	184	33	share	share	NOUN
amfbr-132	184	34	price	price	NOUN
amfbr-132	184	35	608	608	NUM
amfbr-132	184	36	0.50	0.50	NUM
amfbr-132	184	37	1056.65	1056.65	NUM
amfbr-132	184	38	38.14	38.14	NUM
amfbr-132	184	39	78.827	78.827	NUM
amfbr-132	184	40	insider	insider	NOUN
amfbr-132	184	41	-holdings	-holding	NOUN
amfbr-132	184	42	(	(	PUNCT
amfbr-132	184	43	%	%	NOUN
amfbr-132	184	44	)	)	PUNCT
amfbr-132	184	45	612	612	NUM
amfbr-132	184	46	5	5	NUM
amfbr-132	184	47	88	88	NUM
amfbr-132	184	48	54.44	54.44	NUM
amfbr-132	184	49	20.317	20.317	NUM
amfbr-132	184	50	assetturnover	assetturnover	NOUN
amfbr-132	184	51	(	(	PUNCT
amfbr-132	184	52	nm	nm	NOUN
amfbr-132	184	53	)	)	PUNCT
amfbr-132	184	54	592	592	NUM
amfbr-132	184	55	57.04	57.04	NUM
amfbr-132	184	56	3186128	3186128	NUM
amfbr-132	184	57	34443	34443	NUM
amfbr-132	184	58	148532	148532	NUM
amfbr-132	184	59	sales	sale	NOUN
amfbr-132	184	60	-turnover	-turnover	PROPN
amfbr-132	184	61	(	(	PUNCT
amfbr-132	184	62	nm	nm	NOUN
amfbr-132	184	63	)	)	PUNCT
amfbr-132	184	64	596	596	NUM
amfbr-132	184	65	93.17	93.17	NUM
amfbr-132	184	66	673181	673181	NUM
amfbr-132	184	67	50580	50580	NUM
amfbr-132	184	68	84363	84363	NUM
amfbr-132	184	69	change	change	NOUN
amfbr-132	184	70	in	in	ADP
amfbr-132	184	71	earnings	earning	NOUN
amfbr-132	184	72	559	559	NUM
amfbr-132	184	73	-20.00	-20.00	NUM
amfbr-132	184	74	25.00	25.00	NUM
amfbr-132	184	75	0.133	0.133	NUM
amfbr-132	184	76	2.287	2.287	NUM
amfbr-132	184	77	change	change	NOUN
amfbr-132	184	78	in	in	ADP
amfbr-132	184	79	dividend	dividend	NOUN
amfbr-132	184	80	548	548	NUM
amfbr-132	184	81	-7.00	-7.00	NUM
amfbr-132	184	82	8.30	8.30	NUM
amfbr-132	184	83	0.073	0.073	NUM
amfbr-132	184	84	1.255	1.255	NUM
amfbr-132	184	85	change	change	NOUN
amfbr-132	184	86	in	in	ADP
amfbr-132	184	87	share	share	NOUN
amfbr-132	184	88	price	price	NOUN
amfbr-132	184	89	558	558	NUM
amfbr-132	184	90	-214.02	-214.02	PROPN
amfbr-132	184	91	483.43	483.43	NUM
amfbr-132	184	92	4.115	4.115	NUM
amfbr-132	184	93	32.254	32.254	NUM
amfbr-132	184	94	sales	sale	NOUN
amfbr-132	184	95	–	–	PUNCT
amfbr-132	184	96	growth	growth	NOUN
amfbr-132	184	97	(	(	PUNCT
amfbr-132	184	98	%	%	INTJ
amfbr-132	184	99	)	)	PUNCT
amfbr-132	184	100	541	541	NUM
amfbr-132	184	101	-97.44	-97.44	PROPN
amfbr-132	184	102	3254.45	3254.45	NUM
amfbr-132	184	103	28.877	28.877	NUM
amfbr-132	184	104	155.903	155.903	NUM
amfbr-132	184	105	leverage	leverage	NOUN
amfbr-132	184	106	423	423	NUM
amfbr-132	184	107	-1460.01	-1460.01	NUM
amfbr-132	184	108	803.67	803.67	NUM
amfbr-132	184	109	-1.954	-1.954	SYM
amfbr-132	184	110	85.695	85.695	NUM
amfbr-132	184	111	asset	asset	NOUN
amfbr-132	184	112	growth	growth	NOUN
amfbr-132	184	113	(	(	PUNCT
amfbr-132	184	114	%	%	INTJ
amfbr-132	184	115	)	)	PUNCT
amfbr-132	184	116	535	535	NUM
amfbr-132	184	117	-3785.49	-3785.49	NUM
amfbr-132	184	118	6091.16	6091.16	NUM
amfbr-132	184	119	40.546	40.546	NUM
amfbr-132	184	120	332.678	332.678	NUM
amfbr-132	184	121	source	source	NOUN
amfbr-132	184	122	:	:	PUNCT
amfbr-132	184	123	author	author	NOUN
amfbr-132	184	124	’s	’s	PART
amfbr-132	184	125	computation	computation	NOUN
amfbr-132	184	126	,	,	PUNCT
amfbr-132	184	127	2016	2016	NUM
amfbr-132	184	128	.	.	PUNCT
amfbr-132	185	1	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	185	2	american	american	PROPN
amfbr-132	185	3	finance	finance	PROPN
amfbr-132	185	4	&	&	CCONJ
amfbr-132	185	5	banking	banking	PROPN
amfbr-132	185	6	review	review	PROPN
amfbr-132	185	7	vol	vol	NOUN
amfbr-132	185	8	.	.	PROPN
amfbr-132	186	1	2	2	NUM
amfbr-132	186	2	,	,	PUNCT
amfbr-132	186	3	no	no	INTJ
amfbr-132	186	4	.	.	NOUN
amfbr-132	186	5	2	2	NUM
amfbr-132	186	6	;	;	PUNCT
amfbr-132	186	7	2018	2018	NUM
amfbr-132	186	8	7	7	NUM
amfbr-132	186	9	4.1	4.1	NUM
amfbr-132	186	10	.	.	PUNCT
amfbr-132	186	11	correlation	correlation	NOUN
amfbr-132	186	12	of	of	ADP
amfbr-132	186	13	expected	expect	VERB
amfbr-132	186	14	dividend	dividend	NOUN
amfbr-132	186	15	,	,	PUNCT
amfbr-132	186	16	expected	expect	VERB
amfbr-132	186	17	earnings	earning	NOUN
amfbr-132	186	18	,	,	PUNCT
amfbr-132	186	19	and	and	CCONJ
amfbr-132	186	20	share	share	NOUN
amfbr-132	186	21	price	price	NOUN
amfbr-132	186	22	a	a	DET
amfbr-132	186	23	necessary	necessary	ADJ
amfbr-132	186	24	condition	condition	NOUN
amfbr-132	186	25	for	for	ADP
amfbr-132	186	26	use	use	NOUN
amfbr-132	186	27	of	of	ADP
amfbr-132	186	28	mediation	mediation	NOUN
amfbr-132	186	29	analysis	analysis	NOUN
amfbr-132	186	30	is	be	AUX
amfbr-132	186	31	that	that	SCONJ
amfbr-132	186	32	expected	expect	VERB
amfbr-132	186	33	dividend	dividend	NOUN
amfbr-132	186	34	is	be	AUX
amfbr-132	186	35	correlated	correlate	VERB
amfbr-132	186	36	with	with	ADP
amfbr-132	186	37	the	the	DET
amfbr-132	186	38	mediator	mediator	NOUN
amfbr-132	186	39	variables	variable	NOUN
amfbr-132	186	40	respectively	respectively	ADV
amfbr-132	186	41	(	(	PUNCT
amfbr-132	186	42	expected	expect	VERB
amfbr-132	186	43	earnings	earning	NOUN
amfbr-132	186	44	,	,	PUNCT
amfbr-132	186	45	insider	insider	NOUN
amfbr-132	186	46	-	-	PUNCT
amfbr-132	186	47	shareholding	shareholding	NOUN
amfbr-132	186	48	,	,	PUNCT
amfbr-132	186	49	assets	asset	NOUN
amfbr-132	186	50	-	-	PUNCT
amfbr-132	186	51	growth	growth	NOUN
amfbr-132	186	52	,	,	PUNCT
amfbr-132	186	53	sales	sale	NOUN
amfbr-132	186	54	-	-	PUNCT
amfbr-132	186	55	growth	growth	NOUN
amfbr-132	186	56	,	,	PUNCT
amfbr-132	186	57	and	and	CCONJ
amfbr-132	186	58	leverage	leverage	NOUN
amfbr-132	186	59	)	)	PUNCT
amfbr-132	186	60	;	;	PUNCT
amfbr-132	186	61	and	and	CCONJ
amfbr-132	186	62	that	that	SCONJ
amfbr-132	186	63	the	the	DET
amfbr-132	186	64	mediator	mediator	NOUN
amfbr-132	186	65	variables	variable	NOUN
amfbr-132	186	66	are	be	AUX
amfbr-132	186	67	correlated	correlate	VERB
amfbr-132	186	68	with	with	ADP
amfbr-132	186	69	share	share	NOUN
amfbr-132	186	70	price	price	NOUN
amfbr-132	186	71	,	,	PUNCT
amfbr-132	186	72	respectively	respectively	ADV
amfbr-132	186	73	.	.	PUNCT
amfbr-132	187	1	the	the	DET
amfbr-132	187	2	correlation	correlation	NOUN
amfbr-132	187	3	matrix	matrix	NOUN
amfbr-132	187	4	of	of	ADP
amfbr-132	187	5	expected	expect	VERB
amfbr-132	187	6	dividend	dividend	NOUN
amfbr-132	187	7	and	and	CCONJ
amfbr-132	187	8	the	the	DET
amfbr-132	187	9	mediation	mediation	NOUN
amfbr-132	187	10	variables	variable	NOUN
amfbr-132	187	11	(	(	PUNCT
amfbr-132	187	12	expected	expect	VERB
amfbr-132	187	13	earnings	earning	NOUN
amfbr-132	187	14	,	,	PUNCT
amfbr-132	187	15	insidershareholding	insidershareholding	NOUN
amfbr-132	187	16	,	,	PUNCT
amfbr-132	187	17	assets	asset	NOUN
amfbr-132	187	18	-	-	PUNCT
amfbr-132	187	19	growth	growth	NOUN
amfbr-132	187	20	,	,	PUNCT
amfbr-132	187	21	sales	sale	NOUN
amfbr-132	187	22	-	-	PUNCT
amfbr-132	187	23	growth	growth	NOUN
amfbr-132	187	24	,	,	PUNCT
amfbr-132	187	25	and	and	CCONJ
amfbr-132	187	26	leverage	leverage	NOUN
amfbr-132	187	27	)	)	PUNCT
amfbr-132	187	28	and	and	CCONJ
amfbr-132	187	29	share	share	NOUN
amfbr-132	187	30	price	price	NOUN
amfbr-132	187	31	is	be	AUX
amfbr-132	187	32	presented	present	VERB
amfbr-132	187	33	in	in	ADP
amfbr-132	187	34	table	table	NOUN
amfbr-132	187	35	2	2	NUM
amfbr-132	187	36	.	.	PUNCT
amfbr-132	187	37	expected	expect	VERB
amfbr-132	187	38	dividend	dividend	NOUN
amfbr-132	187	39	is	be	AUX
amfbr-132	187	40	correlated	correlate	VERB
amfbr-132	187	41	with	with	ADP
amfbr-132	187	42	share	share	NOUN
amfbr-132	187	43	price	price	NOUN
amfbr-132	187	44	with	with	ADP
amfbr-132	187	45	a	a	DET
amfbr-132	187	46	coefficient	coefficient	NOUN
amfbr-132	187	47	of	of	ADP
amfbr-132	187	48	0.82	0.82	NUM
amfbr-132	187	49	which	which	PRON
amfbr-132	187	50	is	be	AUX
amfbr-132	187	51	statistically	statistically	ADV
amfbr-132	187	52	significant	significant	ADJ
amfbr-132	187	53	at	at	ADP
amfbr-132	187	54	p	p	NOUN
amfbr-132	187	55	value	value	NOUN
amfbr-132	187	56	of	of	ADP
amfbr-132	187	57	0.00	0.00	NUM
amfbr-132	187	58	.	.	PUNCT
amfbr-132	188	1	expected	expect	VERB
amfbr-132	188	2	dividend	dividend	NOUN
amfbr-132	188	3	and	and	CCONJ
amfbr-132	188	4	expected	expect	VERB
amfbr-132	188	5	earnings	earning	NOUN
amfbr-132	188	6	have	have	VERB
amfbr-132	188	7	a	a	DET
amfbr-132	188	8	correlation	correlation	NOUN
amfbr-132	188	9	coefficient	coefficient	NOUN
amfbr-132	188	10	of	of	ADP
amfbr-132	188	11	0.89	0.89	NUM
amfbr-132	188	12	which	which	PRON
amfbr-132	188	13	is	be	AUX
amfbr-132	188	14	statistically	statistically	ADV
amfbr-132	188	15	significant	significant	ADJ
amfbr-132	188	16	at	at	ADP
amfbr-132	188	17	p	p	NOUN
amfbr-132	188	18	-	-	PUNCT
amfbr-132	188	19	value	value	NOUN
amfbr-132	188	20	of	of	ADP
amfbr-132	188	21	0.000	0.000	NUM
amfbr-132	188	22	.	.	PUNCT
amfbr-132	189	1	the	the	DET
amfbr-132	189	2	correlation	correlation	NOUN
amfbr-132	189	3	of	of	ADP
amfbr-132	189	4	expected	expect	VERB
amfbr-132	189	5	earnings	earning	NOUN
amfbr-132	189	6	with	with	ADP
amfbr-132	189	7	share	share	NOUN
amfbr-132	189	8	price	price	NOUN
amfbr-132	189	9	is	be	AUX
amfbr-132	189	10	0.78	0.78	NUM
amfbr-132	189	11	,	,	PUNCT
amfbr-132	189	12	which	which	PRON
amfbr-132	189	13	is	be	AUX
amfbr-132	189	14	statistically	statistically	ADV
amfbr-132	189	15	significant	significant	ADJ
amfbr-132	189	16	at	at	ADP
amfbr-132	189	17	p	p	NOUN
amfbr-132	189	18	-	-	PUNCT
amfbr-132	189	19	value	value	NOUN
amfbr-132	189	20	of	of	ADP
amfbr-132	189	21	0.000.these	0.000.these	ADJ
amfbr-132	189	22	results	result	NOUN
amfbr-132	189	23	indicate	indicate	VERB
amfbr-132	189	24	that	that	SCONJ
amfbr-132	189	25	expected	expect	VERB
amfbr-132	189	26	earnings	earning	NOUN
amfbr-132	189	27	has	have	VERB
amfbr-132	189	28	the	the	DET
amfbr-132	189	29	potential	potential	NOUN
amfbr-132	189	30	of	of	ADP
amfbr-132	189	31	mediating	mediate	VERB
amfbr-132	189	32	the	the	DET
amfbr-132	189	33	impact	impact	NOUN
amfbr-132	189	34	of	of	ADP
amfbr-132	189	35	dividend	dividend	NOUN
amfbr-132	189	36	on	on	ADP
amfbr-132	189	37	share	share	NOUN
amfbr-132	189	38	price	price	NOUN
amfbr-132	189	39	.	.	PUNCT
amfbr-132	190	1	these	these	DET
amfbr-132	190	2	results	result	NOUN
amfbr-132	190	3	confirm	confirm	VERB
amfbr-132	190	4	that	that	SCONJ
amfbr-132	190	5	mediation	mediation	NOUN
amfbr-132	190	6	analysis	analysis	NOUN
amfbr-132	190	7	is	be	AUX
amfbr-132	190	8	an	an	DET
amfbr-132	190	9	appropriate	appropriate	ADJ
amfbr-132	190	10	technique	technique	NOUN
amfbr-132	190	11	to	to	PART
amfbr-132	190	12	evaluate	evaluate	VERB
amfbr-132	190	13	the	the	DET
amfbr-132	190	14	influence	influence	NOUN
amfbr-132	190	15	of	of	ADP
amfbr-132	190	16	earnings	earning	NOUN
amfbr-132	190	17	on	on	ADP
amfbr-132	190	18	the	the	DET
amfbr-132	190	19	impact	impact	NOUN
amfbr-132	190	20	of	of	ADP
amfbr-132	190	21	dividend	dividend	NOUN
amfbr-132	190	22	on	on	ADP
amfbr-132	190	23	share	share	NOUN
amfbr-132	190	24	price	price	NOUN
amfbr-132	190	25	.	.	PUNCT
amfbr-132	191	1	the	the	DET
amfbr-132	191	2	correlation	correlation	NOUN
amfbr-132	191	3	coefficient	coefficient	NOUN
amfbr-132	191	4	of	of	ADP
amfbr-132	191	5	dividend	dividend	NOUN
amfbr-132	191	6	and	and	CCONJ
amfbr-132	191	7	the	the	DET
amfbr-132	191	8	other	other	ADJ
amfbr-132	191	9	mediating	mediate	VERB
amfbr-132	191	10	variables	variable	NOUN
amfbr-132	191	11	(	(	PUNCT
amfbr-132	191	12	insider	insider	NOUN
amfbr-132	191	13	-	-	PUNCT
amfbr-132	191	14	shareholding	shareholding	NOUN
amfbr-132	191	15	,	,	PUNCT
amfbr-132	191	16	assetsgrowth	assetsgrowth	PROPN
amfbr-132	191	17	,	,	PUNCT
amfbr-132	191	18	salesgrowth	salesgrowth	NOUN
amfbr-132	191	19	,	,	PUNCT
amfbr-132	191	20	and	and	CCONJ
amfbr-132	191	21	leverage	leverage	NOUN
amfbr-132	191	22	)	)	PUNCT
amfbr-132	191	23	are	be	AUX
amfbr-132	191	24	relatively	relatively	ADV
amfbr-132	191	25	low	low	ADJ
amfbr-132	191	26	and	and	CCONJ
amfbr-132	191	27	suggestive	suggestive	ADJ
amfbr-132	191	28	that	that	SCONJ
amfbr-132	191	29	these	these	DET
amfbr-132	191	30	variables	variable	NOUN
amfbr-132	191	31	may	may	AUX
amfbr-132	191	32	not	not	PART
amfbr-132	191	33	be	be	AUX
amfbr-132	191	34	significant	significant	ADJ
amfbr-132	191	35	dividend	dividend	NOUN
amfbr-132	191	36	signalling	signal	VERB
amfbr-132	191	37	variables	variable	NOUN
amfbr-132	191	38	.	.	PUNCT
amfbr-132	192	1	table	table	NOUN
amfbr-132	192	2	2	2	NUM
amfbr-132	192	3	.	.	PUNCT
amfbr-132	192	4	correlation	correlation	NOUN
amfbr-132	192	5	matrix	matrix	NOUN
amfbr-132	192	6	of	of	ADP
amfbr-132	192	7	variables	variable	NOUN
amfbr-132	192	8	expected	expect	VERB
amfbr-132	192	9	earnings	earning	NOUN
amfbr-132	192	10	expe	expe	NOUN
amfbr-132	192	11	cted	cte	VERB
amfbr-132	192	12	divid	divid	PROPN
amfbr-132	192	13	end	end	VERB
amfbr-132	192	14	share	share	NOUN
amfbr-132	192	15	price	price	NOUN
amfbr-132	192	16	insider	insider	NOUN
amfbr-132	192	17	share	share	NOUN
amfbr-132	192	18	holding	hold	VERB
amfbr-132	192	19	asset	asset	NOUN
amfbr-132	192	20	sales	sale	NOUN
amfbr-132	192	21	earnings	earning	NOUN
amfbr-132	192	22	change	change	NOUN
amfbr-132	192	23	div	div	PROPN
amfbr-132	192	24	.	.	PUNCT
amfbr-132	193	1	change	change	NOUN
amfbr-132	193	2	share	share	NOUN
amfbr-132	193	3	price	price	NOUN
amfbr-132	193	4	change	change	NOUN
amfbr-132	193	5	sales	sale	NOUN
amfbr-132	193	6	growth	growth	NOUN
amfbr-132	193	7	%	%	NOUN
amfbr-132	193	8	leve	leve	PROPN
amfbr-132	193	9	rage	rage	NOUN
amfbr-132	193	10	asset	asset	NOUN
amfbr-132	193	11	growth	growth	NOUN
amfbr-132	193	12	%	%	NOUN
amfbr-132	193	13	expected	expect	VERB
amfbr-132	193	14	earnings	earning	NOUN
amfbr-132	193	15	1	1	NUM
amfbr-132	193	16	expected	expect	VERB
amfbr-132	193	17	dividend	dividend	NOUN
amfbr-132	193	18	p	p	NOUN
amfbr-132	193	19	-	-	PUNCT
amfbr-132	193	20	value	value	NOUN
amfbr-132	193	21	0.89	0.89	NUM
amfbr-132	193	22	.000	.000	NUM
amfbr-132	193	23	1	1	NUM
amfbr-132	193	24	share	share	NOUN
amfbr-132	193	25	price	price	NOUN
amfbr-132	193	26	p	p	NOUN
amfbr-132	193	27	-	-	PUNCT
amfbr-132	193	28	value	value	NOUN
amfbr-132	193	29	0.78	0.78	NUM
amfbr-132	193	30	.000	.000	NUM
amfbr-132	193	31	0.82	0.82	NUM
amfbr-132	193	32	.000	.000	NUM
amfbr-132	193	33	1	1	NUM
amfbr-132	193	34	insider	insider	NOUN
amfbr-132	193	35	share	share	NOUN
amfbr-132	193	36	–	–	PUNCT
amfbr-132	193	37	holding	hold	VERB
amfbr-132	193	38	p	p	NOUN
amfbr-132	193	39	-	-	PUNCT
amfbr-132	193	40	value	value	NOUN
amfbr-132	193	41	0.08	0.08	NUM
amfbr-132	193	42	0.39	0.39	NUM
amfbr-132	193	43	0.10	0.10	NUM
amfbr-132	193	44	0.16	0.16	NUM
amfbr-132	193	45	0.09	0.09	NUM
amfbr-132	193	46	0.23	0.23	NUM
amfbr-132	193	47	1	1	NUM
amfbr-132	193	48	asset	asset	NOUN
amfbr-132	193	49	p	p	NOUN
amfbr-132	193	50	-	-	PUNCT
amfbr-132	193	51	value	value	NOUN
amfbr-132	193	52	0.04	0.04	NUM
amfbr-132	193	53	.338	.338	NUM
amfbr-132	193	54	0.01	0.01	NUM
amfbr-132	193	55	.778	.778	NUM
amfbr-132	193	56	0.01	0.01	NUM
amfbr-132	193	57	.844	.844	NUM
amfbr-132	193	58	-0.26	-0.26	X
amfbr-132	193	59	.000	.000	NUM
amfbr-132	193	60	1	1	NUM
amfbr-132	193	61	sales	sale	NOUN
amfbr-132	193	62	p	p	NOUN
amfbr-132	193	63	-	-	PUNCT
amfbr-132	193	64	value	value	NOUN
amfbr-132	193	65	0.31	0.31	NUM
amfbr-132	193	66	.000	.000	NUM
amfbr-132	193	67	0.31	0.31	NUM
amfbr-132	193	68	.000	.000	NUM
amfbr-132	193	69	0.27	0.27	NUM
amfbr-132	193	70	.000	.000	NUM
amfbr-132	193	71	-0.16	-0.16	NUM
amfbr-132	193	72	.000	.000	NUM
amfbr-132	193	73	0.45	0.45	NUM
amfbr-132	193	74	.000	.000	NUM
amfbr-132	193	75	1	1	NUM
amfbr-132	193	76	expected	expect	VERB
amfbr-132	193	77	earnings	earning	NOUN
amfbr-132	193	78	change	change	NOUN
amfbr-132	193	79	p	p	NOUN
amfbr-132	193	80	-	-	PUNCT
amfbr-132	193	81	value	value	NOUN
amfbr-132	193	82	0.37	0.37	NUM
amfbr-132	193	83	.000	.000	NUM
amfbr-132	193	84	0.17	0.17	NUM
amfbr-132	193	85	.000	.000	NUM
amfbr-132	193	86	0.07	0.07	NUM
amfbr-132	193	87	.000	.000	NUM
amfbr-132	193	88	0.02	0.02	NUM
amfbr-132	193	89	.048	.048	NUM
amfbr-132	193	90	0.02	0.02	NUM
amfbr-132	193	91	.575	.575	NUM
amfbr-132	193	92	-0.02	-0.02	NUM
amfbr-132	193	93	.000	.000	NUM
amfbr-132	193	94	1	1	NUM
amfbr-132	193	95	expected	expect	VERB
amfbr-132	193	96	dividend	dividend	NOUN
amfbr-132	193	97	change	change	NOUN
amfbr-132	193	98	p	p	NOUN
amfbr-132	193	99	-	-	PUNCT
amfbr-132	193	100	value	value	NOUN
amfbr-132	193	101	0.15	0.15	NUM
amfbr-132	193	102	.000	.000	NUM
amfbr-132	193	103	0.31	0.31	NUM
amfbr-132	193	104	.000	.000	NUM
amfbr-132	193	105	0.01	0.01	NUM
amfbr-132	193	106	.000	.000	NUM
amfbr-132	193	107	0.03	0.03	NUM
amfbr-132	193	108	.028	.028	NUM
amfbr-132	193	109	0.00	0.00	NUM
amfbr-132	193	110	.830	.830	NUM
amfbr-132	193	111	0.00	0.00	NUM
amfbr-132	193	112	3	3	NUM
amfbr-132	193	113	.936	.936	NUM
amfbr-132	193	114	0.28	0.28	NUM
amfbr-132	193	115	.000	.000	NUM
amfbr-132	193	116	1	1	NUM
amfbr-132	193	117	share	share	NOUN
amfbr-132	193	118	price	price	NOUN
amfbr-132	193	119	change	change	NOUN
amfbr-132	193	120	p	p	NOUN
amfbr-132	193	121	-	-	PUNCT
amfbr-132	193	122	value	value	NOUN
amfbr-132	193	123	0.37	0.37	NUM
amfbr-132	193	124	.000	.000	NUM
amfbr-132	193	125	0.41	0.41	NUM
amfbr-132	193	126	.000	.000	NUM
amfbr-132	193	127	0.58	0.58	NUM
amfbr-132	193	128	.000	.000	NUM
amfbr-132	193	129	0.04	0.04	NUM
amfbr-132	193	130	.023	.023	NUM
amfbr-132	193	131	-0.02	-0.02	NUM
amfbr-132	193	132	.789	.789	NUM
amfbr-132	193	133	0.02	0.02	NUM
amfbr-132	193	134	.600	.600	NUM
amfbr-132	193	135	0.07	0.07	NUM
amfbr-132	193	136	.506	.506	NUM
amfbr-132	193	137	0.08	0.08	NUM
amfbr-132	193	138	.496	.496	NUM
amfbr-132	193	139	1	1	NUM
amfbr-132	193	140	sales	sale	NOUN
amfbr-132	193	141	growth	growth	NOUN
amfbr-132	193	142	(	(	PUNCT
amfbr-132	193	143	%	%	INTJ
amfbr-132	193	144	)	)	PUNCT
amfbr-132	193	145	p	p	NOUN
amfbr-132	193	146	-	-	PUNCT
amfbr-132	193	147	value	value	NOUN
amfbr-132	193	148	-.02	-.02	NUM
amfbr-132	193	149	.818	.818	NUM
amfbr-132	193	150	-.02	-.02	NUM
amfbr-132	193	151	.956	.956	NUM
amfbr-132	193	152	-0.02	-0.02	NOUN
amfbr-132	193	153	.496	.496	NUM
amfbr-132	193	154	0.03	0.03	NUM
amfbr-132	193	155	.503	.503	NUM
amfbr-132	193	156	0.00	0.00	NUM
amfbr-132	193	157	.998	.998	NUM
amfbr-132	193	158	0.00	0.00	NUM
amfbr-132	193	159	.932	.932	NUM
amfbr-132	193	160	0.02	0.02	NUM
amfbr-132	193	161	.504	.504	NUM
amfbr-132	193	162	0.03	0.03	NUM
amfbr-132	193	163	.396	.396	NUM
amfbr-132	193	164	0.00	0.00	NUM
amfbr-132	193	165	.786	.786	NUM
amfbr-132	193	166	1	1	NUM
amfbr-132	193	167	leverage	leverage	NOUN
amfbr-132	193	168	0.02	0.02	NUM
amfbr-132	193	169	0.05	0.05	NUM
amfbr-132	193	170	0.03	0.03	NUM
amfbr-132	193	171	0.05	0.05	NUM
amfbr-132	193	172	0.00	0.00	NUM
amfbr-132	193	173	0.03	0.03	NUM
amfbr-132	193	174	0.00	0.00	NUM
amfbr-132	193	175	0.02	0.02	NUM
amfbr-132	193	176	0.02	0.02	NUM
amfbr-132	193	177	0.01	0.01	NUM
amfbr-132	193	178	1	1	NUM
amfbr-132	193	179	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	NOUN
amfbr-132	193	180	american	american	PROPN
amfbr-132	193	181	finance	finance	PROPN
amfbr-132	193	182	&	&	CCONJ
amfbr-132	193	183	banking	banking	PROPN
amfbr-132	193	184	review	review	PROPN
amfbr-132	193	185	vol	vol	NOUN
amfbr-132	193	186	.	.	PROPN
amfbr-132	194	1	2	2	NUM
amfbr-132	194	2	,	,	PUNCT
amfbr-132	194	3	no	no	INTJ
amfbr-132	194	4	.	.	NOUN
amfbr-132	194	5	2	2	NUM
amfbr-132	194	6	;	;	PUNCT
amfbr-132	194	7	2018	2018	NUM
amfbr-132	194	8	8	8	NUM
amfbr-132	194	9	p	p	NOUN
amfbr-132	194	10	-	-	PUNCT
amfbr-132	194	11	value	value	NOUN
amfbr-132	194	12	.666	.666	NUM
amfbr-132	194	13	.334	.334	NUM
amfbr-132	194	14	.520	.520	NUM
amfbr-132	194	15	.319	.319	NUM
amfbr-132	194	16	.973	.973	NUM
amfbr-132	194	17	.597	.597	NUM
amfbr-132	194	18	.949	.949	NUM
amfbr-132	194	19	.751	.751	NUM
amfbr-132	194	20	.660	.660	NUM
amfbr-132	194	21	.458	.458	NUM
amfbr-132	194	22	asset	asset	NOUN
amfbr-132	194	23	growth	growth	NOUN
amfbr-132	194	24	(	(	PUNCT
amfbr-132	194	25	%	%	INTJ
amfbr-132	194	26	)	)	PUNCT
amfbr-132	194	27	p	p	X
amfbr-132	194	28	-	-	PUNCT
amfbr-132	194	29	value	value	NOUN
amfbr-132	194	30	0.02	0.02	NUM
amfbr-132	194	31	.539	.539	NUM
amfbr-132	194	32	0.02	0.02	NUM
amfbr-132	194	33	.883	.883	NUM
amfbr-132	194	34	0.00	0.00	NUM
amfbr-132	194	35	.932	.932	NUM
amfbr-132	194	36	-0.06	-0.06	NUM
amfbr-132	194	37	.000	.000	NUM
amfbr-132	194	38	0.15	0.15	NUM
amfbr-132	194	39	.000	.000	NUM
amfbr-132	194	40	0.09	0.09	NUM
amfbr-132	194	41	.000	.000	NUM
amfbr-132	194	42	0.08	0.08	NUM
amfbr-132	194	43	.862	.862	NUM
amfbr-132	194	44	0.04	0.04	NUM
amfbr-132	194	45	.520	.520	NUM
amfbr-132	194	46	-0.03	-0.03	NUM
amfbr-132	194	47	.319	.319	NUM
amfbr-132	194	48	0.12	0.12	NUM
amfbr-132	194	49	.597	.597	NUM
amfbr-132	194	50	0.01	0.01	NUM
amfbr-132	194	51	.395	.395	NUM
amfbr-132	194	52	1	1	NUM
amfbr-132	194	53	source	source	NOUN
amfbr-132	194	54	:	:	PUNCT
amfbr-132	194	55	author	author	NOUN
amfbr-132	194	56	’s	’s	PART
amfbr-132	194	57	computation	computation	NOUN
amfbr-132	194	58	,	,	PUNCT
amfbr-132	194	59	2016	2016	NUM
amfbr-132	194	60	4.2	4.2	NUM
amfbr-132	194	61	.	.	PUNCT
amfbr-132	195	1	relationship	relationship	NOUN
amfbr-132	195	2	between	between	ADP
amfbr-132	195	3	expected	expect	VERB
amfbr-132	195	4	dividend	dividend	NOUN
amfbr-132	195	5	and	and	CCONJ
amfbr-132	195	6	expected	expect	VERB
amfbr-132	195	7	earnings	earning	NOUN
amfbr-132	195	8	table	table	NOUN
amfbr-132	195	9	3	3	NUM
amfbr-132	195	10	presents	present	VERB
amfbr-132	195	11	the	the	DET
amfbr-132	195	12	regression	regression	NOUN
amfbr-132	195	13	of	of	ADP
amfbr-132	195	14	expected	expect	VERB
amfbr-132	195	15	dividend	dividend	NOUN
amfbr-132	195	16	on	on	ADP
amfbr-132	195	17	expected	expect	VERB
amfbr-132	195	18	earnings	earning	NOUN
amfbr-132	195	19	.	.	PUNCT
amfbr-132	196	1	the	the	DET
amfbr-132	196	2	regression	regression	NOUN
amfbr-132	196	3	coefficient	coefficient	NOUN
amfbr-132	196	4	is	be	AUX
amfbr-132	196	5	0.4649	0.4649	NUM
amfbr-132	196	6	and	and	CCONJ
amfbr-132	196	7	it	it	PRON
amfbr-132	196	8	is	be	AUX
amfbr-132	196	9	statistically	statistically	ADV
amfbr-132	196	10	significant	significant	ADJ
amfbr-132	196	11	at	at	ADP
amfbr-132	196	12	p	p	NOUN
amfbr-132	196	13	-	-	PUNCT
amfbr-132	196	14	value	value	NOUN
amfbr-132	196	15	of	of	ADP
amfbr-132	196	16	0.0000	0.0000	NUM
amfbr-132	196	17	.	.	PUNCT
amfbr-132	197	1	this	this	PRON
amfbr-132	197	2	confirms	confirm	VERB
amfbr-132	197	3	that	that	SCONJ
amfbr-132	197	4	expected	expect	VERB
amfbr-132	197	5	dividend	dividend	NOUN
amfbr-132	197	6	is	be	AUX
amfbr-132	197	7	a	a	DET
amfbr-132	197	8	significant	significant	ADJ
amfbr-132	197	9	predictor	predictor	NOUN
amfbr-132	197	10	of	of	ADP
amfbr-132	197	11	expected	expect	VERB
amfbr-132	197	12	earnings	earning	NOUN
amfbr-132	197	13	and	and	CCONJ
amfbr-132	197	14	that	that	SCONJ
amfbr-132	197	15	expected	expect	VERB
amfbr-132	197	16	earnings	earning	NOUN
amfbr-132	197	17	is	be	AUX
amfbr-132	197	18	a	a	DET
amfbr-132	197	19	possible	possible	ADJ
amfbr-132	197	20	mediator	mediator	NOUN
amfbr-132	197	21	in	in	ADP
amfbr-132	197	22	the	the	DET
amfbr-132	197	23	relationship	relationship	NOUN
amfbr-132	197	24	between	between	ADP
amfbr-132	197	25	dividend	dividend	NOUN
amfbr-132	197	26	and	and	CCONJ
amfbr-132	197	27	share	share	NOUN
amfbr-132	197	28	price	price	NOUN
amfbr-132	197	29	.	.	PUNCT
amfbr-132	198	1	the	the	DET
amfbr-132	198	2	positive	positive	ADJ
amfbr-132	198	3	sign	sign	NOUN
amfbr-132	198	4	of	of	ADP
amfbr-132	198	5	the	the	DET
amfbr-132	198	6	regression	regression	NOUN
amfbr-132	198	7	coefficient	coefficient	NOUN
amfbr-132	198	8	confirms	confirm	VERB
amfbr-132	198	9	that	that	SCONJ
amfbr-132	198	10	increase	increase	NOUN
amfbr-132	198	11	in	in	ADP
amfbr-132	198	12	dividend	dividend	NOUN
amfbr-132	198	13	pay	pay	NOUN
amfbr-132	198	14	-	-	PUNCT
amfbr-132	198	15	out	out	NOUN
amfbr-132	198	16	is	be	AUX
amfbr-132	198	17	a	a	DET
amfbr-132	198	18	signal	signal	NOUN
amfbr-132	198	19	of	of	ADP
amfbr-132	198	20	increase	increase	NOUN
amfbr-132	198	21	in	in	ADP
amfbr-132	198	22	future	future	ADJ
amfbr-132	198	23	earnings	earning	NOUN
amfbr-132	198	24	as	as	SCONJ
amfbr-132	198	25	posited	posit	VERB
amfbr-132	198	26	by	by	ADP
amfbr-132	198	27	the	the	DET
amfbr-132	198	28	dividend	dividend	NOUN
amfbr-132	198	29	information	information	NOUN
amfbr-132	198	30	signalling	signal	VERB
amfbr-132	198	31	theories	theory	NOUN
amfbr-132	198	32	(	(	PUNCT
amfbr-132	198	33	bhattacharya	bhattacharya	NOUN
amfbr-132	198	34	,	,	PUNCT
amfbr-132	198	35	1980	1980	NUM
amfbr-132	198	36	)	)	PUNCT
amfbr-132	198	37	.	.	PUNCT
amfbr-132	199	1	the	the	DET
amfbr-132	199	2	estimated	estimate	VERB
amfbr-132	199	3	regression	regression	NOUN
amfbr-132	199	4	model	model	NOUN
amfbr-132	199	5	is	be	AUX
amfbr-132	199	6	:	:	PUNCT
amfbr-132	199	7	mi	mi	PROPN
amfbr-132	199	8	=	=	PROPN
amfbr-132	199	9	ɵ1	ɵ1	PROPN
amfbr-132	199	10	+	+	CCONJ
amfbr-132	199	11	ɵ2xi	ɵ2xi	PUNCT
amfbr-132	199	12	+	+	CCONJ
amfbr-132	199	13	ei	ei	X
amfbr-132	199	14	(	(	PUNCT
amfbr-132	199	15	4	4	NUM
amfbr-132	199	16	)	)	PUNCT
amfbr-132	199	17	=	=	NOUN
amfbr-132	200	1	0.0686	0.0686	NUM
amfbr-132	200	2	+	+	CCONJ
amfbr-132	200	3	0.4649xi	0.4649xi	NOUN
amfbr-132	201	1	+	+	CCONJ
amfbr-132	201	2	ei	ei	X
amfbr-132	201	3	where	where	SCONJ
amfbr-132	201	4	:	:	PUNCT
amfbr-132	201	5	ɵ1	ɵ1	ADV
amfbr-132	201	6	=	=	NOUN
amfbr-132	201	7	intercept	intercept	NOUN
amfbr-132	201	8	ɵ2	ɵ2	NOUN
amfbr-132	201	9	=	=	PUNCT
amfbr-132	201	10	the	the	DET
amfbr-132	201	11	influence	influence	NOUN
amfbr-132	201	12	of	of	ADP
amfbr-132	201	13	expected	expect	VERB
amfbr-132	201	14	dividend	dividend	NOUN
amfbr-132	201	15	on	on	ADP
amfbr-132	201	16	expected	expect	VERB
amfbr-132	201	17	earnings	earning	NOUN
amfbr-132	201	18	xi	xi	X
amfbr-132	201	19	=	=	PUNCT
amfbr-132	201	20	expected	expect	VERB
amfbr-132	201	21	dividend	dividend	NOUN
amfbr-132	201	22	mi	mi	PROPN
amfbr-132	201	23	=	=	PUNCT
amfbr-132	201	24	expected	expect	VERB
amfbr-132	201	25	earnings	earning	NOUN
amfbr-132	201	26	ei	ei	NOUN
amfbr-132	201	27	=	=	NOUN
amfbr-132	201	28	error	error	NOUN
amfbr-132	201	29	term	term	NOUN
amfbr-132	201	30	the	the	DET
amfbr-132	201	31	null	null	ADJ
amfbr-132	201	32	hypothesis	hypothesis	NOUN
amfbr-132	201	33	is	be	AUX
amfbr-132	201	34	:	:	PUNCT
amfbr-132	201	35	ho	ho	ADJ
amfbr-132	201	36	:	:	PUNCT
amfbr-132	202	1	ɵ2	ɵ2	NOUN
amfbr-132	202	2	=	=	NOUN
amfbr-132	202	3	0	0	X
amfbr-132	202	4	.	.	PUNCT
amfbr-132	202	5	table	table	NOUN
amfbr-132	202	6	3	3	NUM
amfbr-132	202	7	.	.	X
amfbr-132	202	8	relationship	relationship	NOUN
amfbr-132	202	9	between	between	ADP
amfbr-132	202	10	expected	expect	VERB
amfbr-132	202	11	dividend	dividend	NOUN
amfbr-132	202	12	and	and	CCONJ
amfbr-132	202	13	expected	expect	VERB
amfbr-132	202	14	earnings	earning	NOUN
amfbr-132	202	15	model	model	NOUN
amfbr-132	202	16	summary	summary	NOUN
amfbr-132	202	17	r	r	NOUN
amfbr-132	202	18	r	r	NOUN
amfbr-132	202	19	2	2	NUM
amfbr-132	202	20	mse	mse	NOUN
amfbr-132	202	21	f	f	PROPN
amfbr-132	202	22	df1	df1	PROPN
amfbr-132	202	23	df2	df2	PROPN
amfbr-132	202	24	p	p	PROPN
amfbr-132	202	25	0.2957	0.2957	NUM
amfbr-132	202	26	0.0875	0.0875	NUM
amfbr-132	202	27	4.2941	4.2941	NUM
amfbr-132	202	28	38.33	38.33	NUM
amfbr-132	202	29	1	1	NUM
amfbr-132	202	30	400	400	NUM
amfbr-132	202	31	0.0000	0.0000	NUM
amfbr-132	202	32	model	model	NOUN
amfbr-132	202	33	coefficient	coefficient	NOUN
amfbr-132	202	34	s.e	s.e	PROPN
amfbr-132	202	35	t	t	PROPN
amfbr-132	202	36	p	p	X
amfbr-132	202	37	constant	constant	ADJ
amfbr-132	202	38	0.0686	0.0686	NUM
amfbr-132	202	39	0.1036	0.1036	NUM
amfbr-132	202	40	0.6627	0.6627	NUM
amfbr-132	202	41	0.5079	0.5079	NUM
amfbr-132	202	42	expected	expect	VERB
amfbr-132	202	43	dividend	dividend	NOUN
amfbr-132	202	44	0.4649	0.4649	NUM
amfbr-132	202	45	0.0751	0.0751	NUM
amfbr-132	202	46	6.1913	6.1913	NUM
amfbr-132	202	47	0.0000	0.0000	NUM
amfbr-132	202	48	source	source	NOUN
amfbr-132	202	49	:	:	PUNCT
amfbr-132	202	50	author	author	NOUN
amfbr-132	202	51	’s	’s	PART
amfbr-132	202	52	computation	computation	NOUN
amfbr-132	202	53	,	,	PUNCT
amfbr-132	202	54	2016	2016	NUM
amfbr-132	202	55	.	.	PUNCT
amfbr-132	203	1	4.3	4.3	NUM
amfbr-132	203	2	.	.	PUNCT
amfbr-132	203	3	total	total	ADJ
amfbr-132	203	4	effect	effect	NOUN
amfbr-132	203	5	of	of	ADP
amfbr-132	203	6	expected	expect	VERB
amfbr-132	203	7	dividend	dividend	NOUN
amfbr-132	203	8	on	on	ADP
amfbr-132	203	9	change	change	NOUN
amfbr-132	203	10	in	in	ADP
amfbr-132	203	11	share	share	NOUN
amfbr-132	203	12	price	price	NOUN
amfbr-132	203	13	the	the	DET
amfbr-132	203	14	total	total	ADJ
amfbr-132	203	15	effect	effect	NOUN
amfbr-132	203	16	(	(	PUNCT
amfbr-132	203	17	without	without	ADP
amfbr-132	203	18	control	control	NOUN
amfbr-132	203	19	of	of	ADP
amfbr-132	203	20	the	the	DET
amfbr-132	203	21	effect	effect	NOUN
amfbr-132	203	22	of	of	ADP
amfbr-132	203	23	the	the	DET
amfbr-132	203	24	moderators	moderator	NOUN
amfbr-132	203	25	)	)	PUNCT
amfbr-132	203	26	of	of	ADP
amfbr-132	203	27	dividend	dividend	NOUN
amfbr-132	203	28	on	on	ADP
amfbr-132	203	29	share	share	NOUN
amfbr-132	203	30	price	price	NOUN
amfbr-132	203	31	is	be	AUX
amfbr-132	203	32	shown	show	VERB
amfbr-132	203	33	in	in	ADP
amfbr-132	203	34	table	table	NOUN
amfbr-132	203	35	4	4	NUM
amfbr-132	203	36	.	.	PUNCT
amfbr-132	204	1	the	the	DET
amfbr-132	204	2	regression	regression	NOUN
amfbr-132	204	3	coefficient	coefficient	NOUN
amfbr-132	204	4	of	of	ADP
amfbr-132	204	5	expected	expect	VERB
amfbr-132	204	6	dividend	dividend	NOUN
amfbr-132	204	7	is	be	AUX
amfbr-132	204	8	positive	positive	ADJ
amfbr-132	204	9	and	and	CCONJ
amfbr-132	204	10	statistically	statistically	ADV
amfbr-132	204	11	significant	significant	ADJ
amfbr-132	204	12	at	at	ADP
amfbr-132	204	13	p	p	NOUN
amfbr-132	204	14	-	-	PUNCT
amfbr-132	204	15	value	value	NOUN
amfbr-132	204	16	of	of	ADP
amfbr-132	204	17	0.0018	0.0018	NUM
amfbr-132	204	18	.	.	PUNCT
amfbr-132	205	1	this	this	PRON
amfbr-132	205	2	confirms	confirm	VERB
amfbr-132	205	3	that	that	SCONJ
amfbr-132	205	4	expected	expect	VERB
amfbr-132	205	5	dividend	dividend	NOUN
amfbr-132	205	6	is	be	AUX
amfbr-132	205	7	a	a	DET
amfbr-132	205	8	significant	significant	ADJ
amfbr-132	205	9	predictor	predictor	NOUN
amfbr-132	205	10	of	of	ADP
amfbr-132	205	11	changes	change	NOUN
amfbr-132	205	12	in	in	ADP
amfbr-132	205	13	share	share	NOUN
amfbr-132	205	14	price	price	NOUN
amfbr-132	205	15	.	.	PUNCT
amfbr-132	206	1	the	the	DET
amfbr-132	206	2	coefficient	coefficient	NOUN
amfbr-132	206	3	of	of	ADP
amfbr-132	206	4	determination	determination	NOUN
amfbr-132	206	5	(	(	PUNCT
amfbr-132	206	6	r	r	NOUN
amfbr-132	206	7	2	2	NUM
amfbr-132	206	8	)	)	PUNCT
amfbr-132	206	9	,	,	PUNCT
amfbr-132	206	10	3.13	3.13	NUM
amfbr-132	206	11	per	per	ADP
amfbr-132	206	12	cent	cent	NOUN
amfbr-132	206	13	,	,	PUNCT
amfbr-132	206	14	is	be	AUX
amfbr-132	206	15	small	small	ADJ
amfbr-132	206	16	and	and	CCONJ
amfbr-132	206	17	suggests	suggest	VERB
amfbr-132	206	18	that	that	SCONJ
amfbr-132	206	19	there	there	PRON
amfbr-132	206	20	are	be	VERB
amfbr-132	206	21	other	other	ADJ
amfbr-132	206	22	variables	variable	NOUN
amfbr-132	206	23	that	that	PRON
amfbr-132	206	24	determine	determine	VERB
amfbr-132	206	25	changes	change	NOUN
amfbr-132	206	26	in	in	ADP
amfbr-132	206	27	share	share	NOUN
amfbr-132	206	28	price	price	NOUN
amfbr-132	206	29	other	other	ADJ
amfbr-132	206	30	than	than	ADP
amfbr-132	206	31	expected	expect	VERB
amfbr-132	206	32	dividend	dividend	NOUN
amfbr-132	206	33	.	.	PUNCT
amfbr-132	207	1	the	the	DET
amfbr-132	207	2	positive	positive	ADJ
amfbr-132	207	3	sign	sign	NOUN
amfbr-132	207	4	of	of	ADP
amfbr-132	207	5	the	the	DET
amfbr-132	207	6	regression	regression	NOUN
amfbr-132	207	7	coefficient	coefficient	NOUN
amfbr-132	207	8	of	of	ADP
amfbr-132	207	9	dividend	dividend	NOUN
amfbr-132	207	10	indicates	indicate	VERB
amfbr-132	207	11	that	that	SCONJ
amfbr-132	207	12	share	share	NOUN
amfbr-132	207	13	price	price	NOUN
amfbr-132	207	14	will	will	AUX
amfbr-132	207	15	increase	increase	VERB
amfbr-132	207	16	with	with	ADP
amfbr-132	207	17	increase	increase	NOUN
amfbr-132	207	18	in	in	ADP
amfbr-132	207	19	expected	expect	VERB
amfbr-132	207	20	dividend	dividend	NOUN
amfbr-132	207	21	.	.	PUNCT
amfbr-132	208	1	the	the	DET
amfbr-132	208	2	total	total	ADJ
amfbr-132	208	3	effect	effect	NOUN
amfbr-132	208	4	of	of	ADP
amfbr-132	208	5	dividend	dividend	NOUN
amfbr-132	208	6	on	on	ADP
amfbr-132	208	7	share	share	NOUN
amfbr-132	208	8	price	price	NOUN
amfbr-132	208	9	measures	measure	NOUN
amfbr-132	208	10	its	its	PRON
amfbr-132	208	11	influence	influence	NOUN
amfbr-132	208	12	without	without	ADP
amfbr-132	208	13	the	the	DET
amfbr-132	208	14	mediating	mediating	NOUN
amfbr-132	208	15	variables	variable	NOUN
amfbr-132	208	16	in	in	ADP
amfbr-132	208	17	the	the	DET
amfbr-132	208	18	regression	regression	NOUN
amfbr-132	208	19	model	model	NOUN
amfbr-132	208	20	.	.	PUNCT
amfbr-132	209	1	the	the	DET
amfbr-132	209	2	total	total	ADJ
amfbr-132	209	3	effect	effect	NOUN
amfbr-132	209	4	of	of	ADP
amfbr-132	209	5	expected	expect	VERB
amfbr-132	209	6	dividend	dividend	NOUN
amfbr-132	209	7	on	on	ADP
amfbr-132	209	8	change	change	NOUN
amfbr-132	209	9	in	in	ADP
amfbr-132	209	10	share	share	NOUN
amfbr-132	209	11	price	price	NOUN
amfbr-132	209	12	is	be	AUX
amfbr-132	209	13	obtained	obtain	VERB
amfbr-132	209	14	by	by	ADP
amfbr-132	209	15	the	the	DET
amfbr-132	209	16	regression	regression	NOUN
amfbr-132	209	17	of	of	ADP
amfbr-132	209	18	expected	expect	VERB
amfbr-132	209	19	dividend	dividend	NOUN
amfbr-132	209	20	on	on	ADP
amfbr-132	209	21	change	change	NOUN
amfbr-132	209	22	in	in	ADP
amfbr-132	209	23	share	share	NOUN
amfbr-132	209	24	price	price	NOUN
amfbr-132	209	25	as	as	ADP
amfbr-132	209	26	in	in	ADP
amfbr-132	209	27	the	the	DET
amfbr-132	209	28	model	model	NOUN
amfbr-132	209	29	below	below	ADV
amfbr-132	209	30	.	.	PUNCT
amfbr-132	210	1	yi	yi	X
amfbr-132	211	1	=	=	PUNCT
amfbr-132	212	1	+	+	CCONJ
amfbr-132	212	2	xi	xi	X
amfbr-132	212	3	+	+	CCONJ
amfbr-132	212	4	ei	ei	X
amfbr-132	212	5	=	=	PUNCT
amfbr-132	212	6	5.2943	5.2943	NUM
amfbr-132	212	7	+	+	NUM
amfbr-132	212	8	3.8465	3.8465	NUM
amfbr-132	212	9	xi	xi	X
amfbr-132	213	1	+	+	CCONJ
amfbr-132	213	2	ei	ei	X
amfbr-132	213	3	(	(	PUNCT
amfbr-132	213	4	5	5	NUM
amfbr-132	213	5	)	)	PUNCT
amfbr-132	214	1	where	where	SCONJ
amfbr-132	214	2	;	;	PUNCT
amfbr-132	214	3	α	α	PROPN
amfbr-132	214	4	=	=	NOUN
amfbr-132	214	5	intercept	intercept	NOUN
amfbr-132	214	6	=	=	NOUN
amfbr-132	214	7	coefficient	coefficient	NOUN
amfbr-132	214	8	of	of	ADP
amfbr-132	214	9	expected	expect	VERB
amfbr-132	214	10	dividend	dividend	NOUN
amfbr-132	214	11	y	y	NOUN
amfbr-132	214	12	=	=	PUNCT
amfbr-132	214	13	change	change	NOUN
amfbr-132	214	14	in	in	ADP
amfbr-132	214	15	share	share	NOUN
amfbr-132	214	16	price	price	NOUN
amfbr-132	214	17	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	214	18	american	american	PROPN
amfbr-132	214	19	finance	finance	PROPN
amfbr-132	214	20	&	&	CCONJ
amfbr-132	214	21	banking	banking	PROPN
amfbr-132	214	22	review	review	PROPN
amfbr-132	214	23	vol	vol	NOUN
amfbr-132	214	24	.	.	PROPN
amfbr-132	215	1	2	2	NUM
amfbr-132	215	2	,	,	PUNCT
amfbr-132	215	3	no	no	INTJ
amfbr-132	215	4	.	.	NOUN
amfbr-132	215	5	2	2	NUM
amfbr-132	215	6	;	;	PUNCT
amfbr-132	215	7	2018	2018	NUM
amfbr-132	215	8	9	9	NUM
amfbr-132	215	9	table	table	NOUN
amfbr-132	215	10	4	4	NUM
amfbr-132	215	11	.	.	PUNCT
amfbr-132	215	12	total	total	ADJ
amfbr-132	215	13	effect	effect	NOUN
amfbr-132	215	14	of	of	ADP
amfbr-132	215	15	expected	expect	VERB
amfbr-132	215	16	dividend	dividend	NOUN
amfbr-132	215	17	on	on	ADP
amfbr-132	215	18	change	change	NOUN
amfbr-132	215	19	in	in	ADP
amfbr-132	215	20	share	share	NOUN
amfbr-132	215	21	price	price	NOUN
amfbr-132	215	22	model	model	NOUN
amfbr-132	215	23	summary	summary	NOUN
amfbr-132	216	1	r	r	NOUN
amfbr-132	216	2	r	r	NOUN
amfbr-132	216	3	2	2	NUM
amfbr-132	216	4	mse	mse	NOUN
amfbr-132	216	5	f	f	PROPN
amfbr-132	216	6	df1	df1	PROPN
amfbr-132	216	7	df2	df2	PROPN
amfbr-132	216	8	p	p	PROPN
amfbr-132	216	9	0.1770	0.1770	NUM
amfbr-132	216	10	0.0313	0.0313	NUM
amfbr-132	216	11	1153.37	1153.37	NUM
amfbr-132	216	12	2.129	2.129	NUM
amfbr-132	216	13	6	6	NUM
amfbr-132	216	14	395	395	NUM
amfbr-132	216	15	0.0492	0.0492	NUM
amfbr-132	216	16	model	model	NOUN
amfbr-132	216	17	:	:	PUNCT
amfbr-132	216	18	outcome	outcome	NOUN
amfbr-132	216	19	variable	variable	NOUN
amfbr-132	216	20	is	be	AUX
amfbr-132	216	21	change	change	NOUN
amfbr-132	216	22	in	in	ADP
amfbr-132	216	23	share	share	NOUN
amfbr-132	216	24	price	price	NOUN
amfbr-132	216	25	coefficient	coefficient	NOUN
amfbr-132	216	26	s.e	s.e	PROPN
amfbr-132	216	27	t	t	PROPN
amfbr-132	216	28	p	p	X
amfbr-132	216	29	constant	constant	ADJ
amfbr-132	216	30	5.2943	5.2943	NUM
amfbr-132	216	31	1.6930	1.6930	NUM
amfbr-132	216	32	3.1273	3.1273	NUM
amfbr-132	216	33	0.0019	0.0019	NUM
amfbr-132	216	34	expected	expect	VERB
amfbr-132	216	35	dividend	dividend	NOUN
amfbr-132	216	36	3.8645	3.8645	NUM
amfbr-132	216	37	1.2273	1.2273	NUM
amfbr-132	216	38	3.1489	3.1489	NUM
amfbr-132	216	39	0.0018	0.0018	NUM
amfbr-132	216	40	source	source	NOUN
amfbr-132	216	41	:	:	PUNCT
amfbr-132	216	42	authors	author	NOUN
amfbr-132	216	43	’	'	PUNCT
amfbr-132	216	44	computation	computation	NOUN
amfbr-132	216	45	,	,	PUNCT
amfbr-132	216	46	2016	2016	NUM
amfbr-132	216	47	.	.	PUNCT
amfbr-132	217	1	as	as	SCONJ
amfbr-132	217	2	seen	see	VERB
amfbr-132	217	3	earlier	early	ADV
amfbr-132	217	4	,	,	PUNCT
amfbr-132	217	5	it	it	PRON
amfbr-132	217	6	is	be	AUX
amfbr-132	217	7	necessary	necessary	ADJ
amfbr-132	217	8	to	to	PART
amfbr-132	217	9	decompose	decompose	VERB
amfbr-132	217	10	the	the	DET
amfbr-132	217	11	total	total	ADJ
amfbr-132	217	12	effect	effect	NOUN
amfbr-132	217	13	of	of	ADP
amfbr-132	217	14	dividend	dividend	NOUN
amfbr-132	217	15	into	into	ADP
amfbr-132	217	16	the	the	DET
amfbr-132	217	17	direct	direct	ADJ
amfbr-132	217	18	and	and	CCONJ
amfbr-132	217	19	the	the	DET
amfbr-132	217	20	indirect	indirect	ADJ
amfbr-132	217	21	(	(	PUNCT
amfbr-132	217	22	mediated	mediate	VERB
amfbr-132	217	23	)	)	PUNCT
amfbr-132	217	24	effects	effect	NOUN
amfbr-132	217	25	of	of	ADP
amfbr-132	217	26	dividend	dividend	NOUN
amfbr-132	217	27	on	on	ADP
amfbr-132	217	28	share	share	NOUN
amfbr-132	217	29	price	price	NOUN
amfbr-132	217	30	via	via	ADP
amfbr-132	217	31	the	the	DET
amfbr-132	217	32	following	follow	VERB
amfbr-132	217	33	mediating	mediate	VERB
amfbr-132	217	34	variables	variable	NOUN
amfbr-132	217	35	:	:	PUNCT
amfbr-132	217	36	expected	expect	VERB
amfbr-132	217	37	earnings	earning	NOUN
amfbr-132	217	38	,	,	PUNCT
amfbr-132	217	39	insidershareholding	insidershareholding	NOUN
amfbr-132	217	40	,	,	PUNCT
amfbr-132	217	41	assets	asset	NOUN
amfbr-132	217	42	-	-	PUNCT
amfbr-132	217	43	growth	growth	NOUN
amfbr-132	217	44	,	,	PUNCT
amfbr-132	217	45	sales	sale	NOUN
amfbr-132	217	46	-	-	PUNCT
amfbr-132	217	47	growth	growth	NOUN
amfbr-132	217	48	,	,	PUNCT
amfbr-132	217	49	and	and	CCONJ
amfbr-132	217	50	leverage	leverage	NOUN
amfbr-132	217	51	.	.	PUNCT
amfbr-132	218	1	4.4	4.4	NUM
amfbr-132	218	2	.	.	PUNCT
amfbr-132	219	1	direct	direct	ADJ
amfbr-132	219	2	effect	effect	NOUN
amfbr-132	219	3	of	of	ADP
amfbr-132	219	4	expected	expect	VERB
amfbr-132	219	5	dividend	dividend	NOUN
amfbr-132	219	6	and	and	CCONJ
amfbr-132	219	7	the	the	DET
amfbr-132	219	8	mediators	mediator	NOUN
amfbr-132	219	9	on	on	ADP
amfbr-132	219	10	change	change	NOUN
amfbr-132	219	11	in	in	ADP
amfbr-132	219	12	share	share	NOUN
amfbr-132	219	13	price	price	NOUN
amfbr-132	219	14	the	the	DET
amfbr-132	219	15	direct	direct	ADJ
amfbr-132	219	16	effect	effect	NOUN
amfbr-132	219	17	of	of	ADP
amfbr-132	219	18	expected	expect	VERB
amfbr-132	219	19	dividend	dividend	NOUN
amfbr-132	219	20	on	on	ADP
amfbr-132	219	21	change	change	NOUN
amfbr-132	219	22	in	in	ADP
amfbr-132	219	23	share	share	NOUN
amfbr-132	219	24	price	price	NOUN
amfbr-132	219	25	is	be	AUX
amfbr-132	219	26	the	the	DET
amfbr-132	219	27	influence	influence	NOUN
amfbr-132	219	28	of	of	ADP
amfbr-132	219	29	dividend	dividend	NOUN
amfbr-132	219	30	on	on	ADP
amfbr-132	219	31	share	share	NOUN
amfbr-132	219	32	price	price	NOUN
amfbr-132	219	33	in	in	ADP
amfbr-132	219	34	the	the	DET
amfbr-132	219	35	presence	presence	NOUN
amfbr-132	219	36	of	of	ADP
amfbr-132	219	37	the	the	DET
amfbr-132	219	38	mediating	mediating	NOUN
amfbr-132	219	39	variables	variable	NOUN
amfbr-132	219	40	in	in	ADP
amfbr-132	219	41	the	the	DET
amfbr-132	219	42	regression	regression	NOUN
amfbr-132	219	43	model	model	NOUN
amfbr-132	219	44	:	:	PUNCT
amfbr-132	219	45	the	the	DET
amfbr-132	219	46	regression	regression	NOUN
amfbr-132	219	47	model	model	NOUN
amfbr-132	219	48	is	be	AUX
amfbr-132	219	49	as	as	SCONJ
amfbr-132	219	50	follows	follow	VERB
amfbr-132	219	51	:	:	PUNCT
amfbr-132	219	52	yi	yi	PROPN
amfbr-132	219	53	=	=	SYM
amfbr-132	219	54	α1	α1	PROPN
amfbr-132	219	55	+	+	CCONJ
amfbr-132	219	56	α2	α2	ADJ
amfbr-132	219	57	xi	xi	X
amfbr-132	220	1	+	+	CCONJ
amfbr-132	220	2	α3	α3	ADJ
amfbr-132	220	3	m1i	m1i	NOUN
amfbr-132	220	4	+	+	NUM
amfbr-132	220	5	α4	α4	PROPN
amfbr-132	220	6	m2i	m2i	X
amfbr-132	220	7	+	+	CCONJ
amfbr-132	220	8	α5	α5	X
amfbr-132	220	9	m3i	m3i	NOUN
amfbr-132	220	10	+	+	CCONJ
amfbr-132	220	11	α6	α6	NOUN
amfbr-132	220	12	m4i	m4i	NOUN
amfbr-132	220	13	+	+	CCONJ
amfbr-132	220	14	α7	α7	NOUN
amfbr-132	220	15	m5i	m5i	NOUN
amfbr-132	220	16	+	+	CCONJ
amfbr-132	220	17	ei	ei	X
amfbr-132	220	18	(	(	PUNCT
amfbr-132	220	19	6	6	NUM
amfbr-132	220	20	)	)	PUNCT
amfbr-132	220	21	yi	yi	NOUN
amfbr-132	220	22	=	=	PUNCT
amfbr-132	220	23	0.59	0.59	NUM
amfbr-132	221	1	+	+	CCONJ
amfbr-132	222	1	3.5545xi	3.5545xi	NUM
amfbr-132	222	2	+	+	NUM
amfbr-132	222	3	0.68m1i+	0.68m1i+	NOUN
amfbr-132	222	4	0.09m2i	0.09m2i	ADJ
amfbr-132	222	5	–	–	PUNCT
amfbr-132	222	6	0.005m3i	0.005m3i	ADJ
amfbr-132	222	7	–	–	PUNCT
amfbr-132	222	8	0.005m4i	0.005m4i	NUM
amfbr-132	223	1	+	+	CCONJ
amfbr-132	223	2	0.006m5i	0.006m5i	NUM
amfbr-132	223	3	+	+	X
amfbr-132	223	4	ei	ei	X
amfbr-132	223	5	where	where	SCONJ
amfbr-132	223	6	:	:	PUNCT
amfbr-132	223	7	α1	α1	PROPN
amfbr-132	223	8	=	=	SYM
amfbr-132	223	9	intercept	intercept	NOUN
amfbr-132	223	10	α2	α2	NOUN
amfbr-132	223	11	=	=	SYM
amfbr-132	223	12	direct	direct	ADJ
amfbr-132	223	13	effect	effect	NOUN
amfbr-132	223	14	of	of	ADP
amfbr-132	223	15	expected	expect	VERB
amfbr-132	223	16	dividend	dividend	NOUN
amfbr-132	223	17	on	on	ADP
amfbr-132	223	18	share	share	NOUN
amfbr-132	223	19	price	price	NOUN
amfbr-132	223	20	α3	α3	NOUN
amfbr-132	223	21	=	=	SYM
amfbr-132	223	22	direct	direct	ADJ
amfbr-132	223	23	effect	effect	NOUN
amfbr-132	223	24	of	of	ADP
amfbr-132	223	25	expected	expect	VERB
amfbr-132	223	26	earnings	earning	NOUN
amfbr-132	223	27	α4	α4	NOUN
amfbr-132	223	28	=	=	SYM
amfbr-132	223	29	direct	direct	ADJ
amfbr-132	223	30	effect	effect	NOUN
amfbr-132	223	31	of	of	ADP
amfbr-132	223	32	insider	insider	NOUN
amfbr-132	223	33	-	-	PUNCT
amfbr-132	223	34	shareholding	shareholding	NOUN
amfbr-132	223	35	α5	α5	NOUN
amfbr-132	223	36	=	=	SYM
amfbr-132	223	37	direct	direct	ADJ
amfbr-132	223	38	effect	effect	NOUN
amfbr-132	223	39	of	of	ADP
amfbr-132	223	40	assets	asset	NOUN
amfbr-132	223	41	-	-	PUNCT
amfbr-132	223	42	growth	growth	NOUN
amfbr-132	223	43	α6	α6	NOUN
amfbr-132	223	44	=	=	SYM
amfbr-132	223	45	direct	direct	ADJ
amfbr-132	223	46	effect	effect	NOUN
amfbr-132	223	47	of	of	ADP
amfbr-132	223	48	sales	sale	NOUN
amfbr-132	223	49	-	-	PUNCT
amfbr-132	223	50	growth	growth	NOUN
amfbr-132	223	51	α7	α7	NOUN
amfbr-132	223	52	=	=	PUNCT
amfbr-132	223	53	direct	direct	ADJ
amfbr-132	223	54	effect	effect	NOUN
amfbr-132	223	55	of	of	ADP
amfbr-132	223	56	leverage	leverage	NOUN
amfbr-132	223	57	y	y	PROPN
amfbr-132	223	58	=	=	PUNCT
amfbr-132	223	59	change	change	NOUN
amfbr-132	223	60	in	in	ADP
amfbr-132	223	61	share	share	NOUN
amfbr-132	223	62	price	price	NOUN
amfbr-132	223	63	x	x	PUNCT
amfbr-132	224	1	=	=	PRON
amfbr-132	224	2	expected	expect	VERB
amfbr-132	224	3	dividend	dividend	NOUN
amfbr-132	224	4	m1	m1	PROPN
amfbr-132	224	5	=	=	PUNCT
amfbr-132	224	6	expected	expect	VERB
amfbr-132	224	7	earnings	earning	NOUN
amfbr-132	224	8	m2	m2	PROPN
amfbr-132	224	9	=	=	PUNCT
amfbr-132	224	10	insider	insider	NOUN
amfbr-132	224	11	-	-	PUNCT
amfbr-132	224	12	shareholding	shareholding	NOUN
amfbr-132	224	13	m3	m3	PROPN
amfbr-132	224	14	=	=	NOUN
amfbr-132	224	15	assets	asset	NOUN
amfbr-132	224	16	-	-	PUNCT
amfbr-132	224	17	growth	growth	NOUN
amfbr-132	224	18	m4	m4	NOUN
amfbr-132	224	19	=	=	SYM
amfbr-132	224	20	sales	sale	NOUN
amfbr-132	224	21	-	-	PUNCT
amfbr-132	224	22	growth	growth	NOUN
amfbr-132	224	23	;	;	PUNCT
amfbr-132	224	24	m5	m5	NOUN
amfbr-132	224	25	=	=	SYM
amfbr-132	224	26	leverage	leverage	NOUN
amfbr-132	224	27	;	;	PUNCT
amfbr-132	224	28	and	and	CCONJ
amfbr-132	224	29	ei	ei	X
amfbr-132	224	30	=	=	PUNCT
amfbr-132	224	31	the	the	DET
amfbr-132	224	32	error	error	NOUN
amfbr-132	224	33	term	term	NOUN
amfbr-132	224	34	.	.	PUNCT
amfbr-132	225	1	the	the	DET
amfbr-132	225	2	null	null	ADJ
amfbr-132	225	3	hypothesis	hypothesis	NOUN
amfbr-132	225	4	is	be	AUX
amfbr-132	225	5	that	that	SCONJ
amfbr-132	225	6	:	:	PUNCT
amfbr-132	225	7	h0	h0	NOUN
amfbr-132	225	8	:	:	PUNCT
amfbr-132	225	9	α1	α1	PROPN
amfbr-132	225	10	=	=	SYM
amfbr-132	225	11	α2	α2	ADJ
amfbr-132	225	12	=	=	SYM
amfbr-132	225	13	α3	α3	NOUN
amfbr-132	225	14	=	=	SYM
amfbr-132	225	15	α4	α4	NOUN
amfbr-132	225	16	=	=	SYM
amfbr-132	225	17	α5	α5	PROPN
amfbr-132	225	18	=	=	SYM
amfbr-132	225	19	α6	α6	NOUN
amfbr-132	225	20	=	=	SYM
amfbr-132	225	21	0	0	NUM
amfbr-132	225	22	table	table	NOUN
amfbr-132	225	23	5	5	NUM
amfbr-132	225	24	.	.	PUNCT
amfbr-132	225	25	direct	direct	ADJ
amfbr-132	225	26	effect	effect	NOUN
amfbr-132	225	27	of	of	ADP
amfbr-132	225	28	expected	expect	VERB
amfbr-132	225	29	dividend	dividend	NOUN
amfbr-132	225	30	on	on	ADP
amfbr-132	225	31	change	change	NOUN
amfbr-132	225	32	in	in	ADP
amfbr-132	225	33	share	share	NOUN
amfbr-132	225	34	price	price	NOUN
amfbr-132	225	35	model	model	NOUN
amfbr-132	225	36	summary	summary	NOUN
amfbr-132	225	37	:	:	PUNCT
amfbr-132	225	38	outcome	outcome	NOUN
amfbr-132	225	39	variable	variable	NOUN
amfbr-132	225	40	is	be	AUX
amfbr-132	225	41	change	change	NOUN
amfbr-132	225	42	in	in	ADP
amfbr-132	225	43	share	share	NOUN
amfbr-132	225	44	price	price	NOUN
amfbr-132	226	1	r	r	NOUN
amfbr-132	226	2	r	r	NOUN
amfbr-132	226	3	2	2	NUM
amfbr-132	226	4	mse	mse	NOUN
amfbr-132	226	5	f	f	PROPN
amfbr-132	226	6	df1	df1	PROPN
amfbr-132	226	7	df2	df2	PROPN
amfbr-132	226	8	p	p	PROPN
amfbr-132	226	9	0.1770	0.1770	NUM
amfbr-132	226	10	0.0313	0.0313	NUM
amfbr-132	226	11	1153.37	1153.37	NUM
amfbr-132	226	12	2.129	2.129	NUM
amfbr-132	226	13	6	6	NUM
amfbr-132	226	14	395	395	NUM
amfbr-132	226	15	0.0492	0.0492	NUM
amfbr-132	226	16	model	model	NOUN
amfbr-132	226	17	coefficient	coefficient	NOUN
amfbr-132	226	18	s.e	s.e	PROPN
amfbr-132	226	19	t	t	PROPN
amfbr-132	226	20	p	p	NOUN
amfbr-132	226	21	constant	constant	ADJ
amfbr-132	226	22	0.5859	0.5859	NUM
amfbr-132	226	23	5.1726	5.1726	NUM
amfbr-132	226	24	0.1133	0.1133	NUM
amfbr-132	226	25	0.9099	0.9099	NUM
amfbr-132	226	26	expected	expect	VERB
amfbr-132	226	27	earnings	earning	NOUN
amfbr-132	226	28	0.6831	0.6831	NUM
amfbr-132	226	29	0.8255	0.8255	NUM
amfbr-132	226	30	0.8275	0.8275	NUM
amfbr-132	226	31	0.4084	0.4084	NUM
amfbr-132	226	32	insider	insider	NOUN
amfbr-132	226	33	-	-	PUNCT
amfbr-132	226	34	shareholding	shareholding	NOUN
amfbr-132	226	35	0.0921	0.0921	NUM
amfbr-132	226	36	0.0881	0.0881	NUM
amfbr-132	226	37	1.0457	1.0457	NUM
amfbr-132	226	38	0.2963	0.2963	NUM
amfbr-132	226	39	assets	asset	NOUN
amfbr-132	226	40	-	-	PUNCT
amfbr-132	226	41	growth	growth	NOUN
amfbr-132	226	42	-0.0047	-0.0047	NOUN
amfbr-132	226	43	0.0053	0.0053	NUM
amfbr-132	226	44	-0.8838	-0.8838	NOUN
amfbr-132	226	45	0.3773	0.3773	NUM
amfbr-132	226	46	sales	sale	NOUN
amfbr-132	226	47	-	-	PUNCT
amfbr-132	226	48	growth	growth	NOUN
amfbr-132	226	49	-0.0054	-0.0054	NOUN
amfbr-132	227	1	0.0216	0.0216	NUM
amfbr-132	227	2	-0.2494	-0.2494	NOUN
amfbr-132	227	3	0.8032	0.8032	NUM
amfbr-132	227	4	leverage	leverage	NOUN
amfbr-132	227	5	0.0064	0.0064	NUM
amfbr-132	227	6	0.0193	0.0193	NUM
amfbr-132	227	7	0.3286	0.3286	NUM
amfbr-132	227	8	0.7426	0.7426	NUM
amfbr-132	227	9	expected	expect	VERB
amfbr-132	227	10	dividend	dividend	NOUN
amfbr-132	227	11	3.5545	3.5545	NUM
amfbr-132	227	12	1.2904	1.2904	NUM
amfbr-132	227	13	2.7545	2.7545	NUM
amfbr-132	227	14	0.0062	0.0062	NUM
amfbr-132	227	15	source	source	NOUN
amfbr-132	227	16	:	:	PUNCT
amfbr-132	227	17	author	author	NOUN
amfbr-132	227	18	’s	’s	PART
amfbr-132	227	19	computation	computation	NOUN
amfbr-132	227	20	,	,	PUNCT
amfbr-132	227	21	2016	2016	NUM
amfbr-132	227	22	.	.	PUNCT
amfbr-132	228	1	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	228	2	american	american	PROPN
amfbr-132	228	3	finance	finance	PROPN
amfbr-132	228	4	&	&	CCONJ
amfbr-132	228	5	banking	banking	PROPN
amfbr-132	228	6	review	review	PROPN
amfbr-132	228	7	vol	vol	NOUN
amfbr-132	228	8	.	.	PROPN
amfbr-132	229	1	2	2	NUM
amfbr-132	229	2	,	,	PUNCT
amfbr-132	229	3	no	no	INTJ
amfbr-132	229	4	.	.	NOUN
amfbr-132	229	5	2	2	NUM
amfbr-132	229	6	;	;	PUNCT
amfbr-132	229	7	2018	2018	NUM
amfbr-132	229	8	10	10	NUM
amfbr-132	229	9	the	the	DET
amfbr-132	229	10	results	result	NOUN
amfbr-132	229	11	in	in	ADP
amfbr-132	229	12	table	table	NOUN
amfbr-132	229	13	5	5	NUM
amfbr-132	229	14	show	show	VERB
amfbr-132	229	15	that	that	SCONJ
amfbr-132	229	16	only	only	ADV
amfbr-132	229	17	the	the	DET
amfbr-132	229	18	regression	regression	NOUN
amfbr-132	229	19	coefficient	coefficient	NOUN
amfbr-132	229	20	of	of	ADP
amfbr-132	229	21	expected	expect	VERB
amfbr-132	229	22	dividend	dividend	NOUN
amfbr-132	229	23	is	be	AUX
amfbr-132	229	24	statistically	statistically	ADV
amfbr-132	229	25	significant	significant	ADJ
amfbr-132	229	26	with	with	ADP
amfbr-132	229	27	a	a	DET
amfbr-132	229	28	p	p	NOUN
amfbr-132	229	29	-	-	PUNCT
amfbr-132	229	30	value	value	NOUN
amfbr-132	229	31	of	of	ADP
amfbr-132	229	32	0.0062	0.0062	NUM
amfbr-132	229	33	.	.	PUNCT
amfbr-132	230	1	the	the	DET
amfbr-132	230	2	regression	regression	NOUN
amfbr-132	230	3	coefficients	coefficient	NOUN
amfbr-132	230	4	of	of	ADP
amfbr-132	230	5	all	all	DET
amfbr-132	230	6	the	the	DET
amfbr-132	230	7	mediators	mediator	NOUN
amfbr-132	230	8	,	,	PUNCT
amfbr-132	230	9	particularly	particularly	ADV
amfbr-132	230	10	expected	expect	VERB
amfbr-132	230	11	earnings	earning	NOUN
amfbr-132	230	12	,	,	PUNCT
amfbr-132	230	13	are	be	AUX
amfbr-132	230	14	not	not	PART
amfbr-132	230	15	statistically	statistically	ADV
amfbr-132	230	16	significant	significant	ADJ
amfbr-132	230	17	.	.	PUNCT
amfbr-132	231	1	these	these	DET
amfbr-132	231	2	results	result	NOUN
amfbr-132	231	3	indicate	indicate	VERB
amfbr-132	231	4	that	that	DET
amfbr-132	231	5	dividend	dividend	NOUN
amfbr-132	231	6	has	have	VERB
amfbr-132	231	7	unique	unique	ADJ
amfbr-132	231	8	effect	effect	NOUN
amfbr-132	231	9	on	on	ADP
amfbr-132	231	10	share	share	NOUN
amfbr-132	231	11	price	price	NOUN
amfbr-132	231	12	because	because	SCONJ
amfbr-132	231	13	the	the	DET
amfbr-132	231	14	direct	direct	ADJ
amfbr-132	231	15	effect	effect	NOUN
amfbr-132	231	16	of	of	ADP
amfbr-132	231	17	expected	expect	VERB
amfbr-132	231	18	dividend	dividend	NOUN
amfbr-132	231	19	was	be	AUX
amfbr-132	231	20	estimated	estimate	VERB
amfbr-132	231	21	with	with	ADP
amfbr-132	231	22	control	control	NOUN
amfbr-132	231	23	on	on	ADP
amfbr-132	231	24	the	the	DET
amfbr-132	231	25	influence	influence	NOUN
amfbr-132	231	26	of	of	ADP
amfbr-132	231	27	the	the	DET
amfbr-132	231	28	moderators	moderator	NOUN
amfbr-132	231	29	(	(	PUNCT
amfbr-132	231	30	particularly	particularly	ADV
amfbr-132	231	31	expected	expect	VERB
amfbr-132	231	32	earnings	earning	NOUN
amfbr-132	231	33	)	)	PUNCT
amfbr-132	231	34	on	on	ADP
amfbr-132	231	35	share	share	NOUN
amfbr-132	231	36	price	price	NOUN
amfbr-132	231	37	.	.	PUNCT
amfbr-132	232	1	4.5	4.5	NUM
amfbr-132	232	2	.	.	PUNCT
amfbr-132	232	3	indirect	indirect	ADJ
amfbr-132	232	4	effect	effect	NOUN
amfbr-132	232	5	of	of	ADP
amfbr-132	232	6	expected	expect	VERB
amfbr-132	232	7	dividends	dividend	NOUN
amfbr-132	232	8	on	on	ADP
amfbr-132	232	9	change	change	NOUN
amfbr-132	232	10	in	in	ADP
amfbr-132	232	11	share	share	NOUN
amfbr-132	232	12	price	price	NOUN
amfbr-132	232	13	the	the	DET
amfbr-132	232	14	verification	verification	NOUN
amfbr-132	232	15	of	of	ADP
amfbr-132	232	16	relevance	relevance	NOUN
amfbr-132	232	17	or	or	CCONJ
amfbr-132	232	18	irrelevance	irrelevance	NOUN
amfbr-132	232	19	of	of	ADP
amfbr-132	232	20	the	the	DET
amfbr-132	232	21	influence	influence	NOUN
amfbr-132	232	22	of	of	ADP
amfbr-132	232	23	dividend	dividend	NOUN
amfbr-132	232	24	on	on	ADP
amfbr-132	232	25	share	share	NOUN
amfbr-132	232	26	price	price	NOUN
amfbr-132	232	27	dictates	dictate	NOUN
amfbr-132	232	28	that	that	SCONJ
amfbr-132	232	29	the	the	DET
amfbr-132	232	30	respective	respective	ADJ
amfbr-132	232	31	indirect	indirect	ADJ
amfbr-132	232	32	(	(	PUNCT
amfbr-132	232	33	mediated	mediate	VERB
amfbr-132	232	34	)	)	PUNCT
amfbr-132	232	35	effect	effect	NOUN
amfbr-132	232	36	of	of	ADP
amfbr-132	232	37	dividend	dividend	NOUN
amfbr-132	232	38	on	on	ADP
amfbr-132	232	39	share	share	NOUN
amfbr-132	232	40	price	price	NOUN
amfbr-132	232	41	via	via	ADP
amfbr-132	232	42	the	the	DET
amfbr-132	232	43	mediators	mediator	NOUN
amfbr-132	232	44	(	(	PUNCT
amfbr-132	232	45	expected	expect	VERB
amfbr-132	232	46	earnings	earning	NOUN
amfbr-132	232	47	,	,	PUNCT
amfbr-132	232	48	insider	insider	NOUN
amfbr-132	232	49	-	-	PUNCT
amfbr-132	232	50	shareholding	shareholding	NOUN
amfbr-132	232	51	,	,	PUNCT
amfbr-132	232	52	assets	asset	NOUN
amfbr-132	232	53	-	-	PUNCT
amfbr-132	232	54	growth	growth	NOUN
amfbr-132	232	55	,	,	PUNCT
amfbr-132	232	56	sales	sale	NOUN
amfbr-132	232	57	-	-	PUNCT
amfbr-132	232	58	growth	growth	NOUN
amfbr-132	232	59	,	,	PUNCT
amfbr-132	232	60	and	and	CCONJ
amfbr-132	232	61	leverage	leverage	NOUN
amfbr-132	232	62	)	)	PUNCT
amfbr-132	232	63	are	be	AUX
amfbr-132	232	64	estimated	estimate	VERB
amfbr-132	232	65	and	and	CCONJ
amfbr-132	232	66	tested	test	VERB
amfbr-132	232	67	for	for	ADP
amfbr-132	232	68	statistical	statistical	ADJ
amfbr-132	232	69	significance	significance	NOUN
amfbr-132	232	70	.	.	PUNCT
amfbr-132	233	1	the	the	DET
amfbr-132	233	2	indirect	indirect	ADJ
amfbr-132	233	3	effects	effect	NOUN
amfbr-132	233	4	of	of	ADP
amfbr-132	233	5	dividend	dividend	NOUN
amfbr-132	233	6	on	on	ADP
amfbr-132	233	7	share	share	NOUN
amfbr-132	233	8	price	price	NOUN
amfbr-132	233	9	through	through	ADP
amfbr-132	233	10	earnings	earning	NOUN
amfbr-132	233	11	,	,	PUNCT
amfbr-132	233	12	insider	insider	NOUN
amfbr-132	233	13	-	-	PUNCT
amfbr-132	233	14	shareholding	shareholding	NOUN
amfbr-132	233	15	,	,	PUNCT
amfbr-132	233	16	assets	asset	NOUN
amfbr-132	233	17	-	-	PUNCT
amfbr-132	233	18	growth	growth	NOUN
amfbr-132	233	19	,	,	PUNCT
amfbr-132	233	20	sales	sale	NOUN
amfbr-132	233	21	-	-	PUNCT
amfbr-132	233	22	growth	growth	NOUN
amfbr-132	233	23	and	and	CCONJ
amfbr-132	233	24	leverage	leverage	NOUN
amfbr-132	233	25	are	be	AUX
amfbr-132	233	26	shown	show	VERB
amfbr-132	233	27	in	in	ADP
amfbr-132	233	28	table	table	NOUN
amfbr-132	233	29	6	6	NUM
amfbr-132	233	30	.	.	PUNCT
amfbr-132	233	31	table	table	NOUN
amfbr-132	233	32	6	6	NUM
amfbr-132	233	33	.	.	PUNCT
amfbr-132	233	34	indirect	indirect	ADJ
amfbr-132	233	35	effect	effect	NOUN
amfbr-132	233	36	of	of	ADP
amfbr-132	233	37	expected	expect	VERB
amfbr-132	233	38	dividend	dividend	NOUN
amfbr-132	233	39	on	on	ADP
amfbr-132	233	40	change	change	NOUN
amfbr-132	233	41	in	in	ADP
amfbr-132	233	42	share	share	NOUN
amfbr-132	233	43	price	price	NOUN
amfbr-132	233	44	mediating	mediate	VERB
amfbr-132	233	45	variable	variable	ADJ
amfbr-132	233	46	effect	effect	NOUN
amfbr-132	233	47	boot	boot	NOUN
amfbr-132	233	48	s.e	s.e	PROPN
amfbr-132	233	49	boot	boot	PROPN
amfbr-132	233	50	llci	llci	PROPN
amfbr-132	233	51	boot	boot	PROPN
amfbr-132	233	52	ulci	ulci	NOUN
amfbr-132	233	53	total	total	ADJ
amfbr-132	233	54	indirect	indirect	ADJ
amfbr-132	233	55	effect	effect	NOUN
amfbr-132	233	56	0.3100	0.3100	NUM
amfbr-132	233	57	0.5015	0.5015	NUM
amfbr-132	233	58	-0.4850	-0.4850	NOUN
amfbr-132	233	59	1.6731	1.6731	NUM
amfbr-132	233	60	expected	expect	VERB
amfbr-132	233	61	earnings	earning	NOUN
amfbr-132	233	62	0.3175	0.3175	NUM
amfbr-132	233	63	0.4823	0.4823	NUM
amfbr-132	233	64	-0.4697	-0.4697	NUM
amfbr-132	233	65	1.5961	1.5961	NUM
amfbr-132	233	66	insider	insider	NOUN
amfbr-132	233	67	shareholding	shareholding	NOUN
amfbr-132	233	68	0.0454	0.0454	NUM
amfbr-132	233	69	0.0388	0.0388	NUM
amfbr-132	233	70	-0.0061	-0.0061	NOUN
amfbr-132	233	71	0.1599	0.1599	NUM
amfbr-132	233	72	asset	asset	NOUN
amfbr-132	233	73	growth	growth	NOUN
amfbr-132	233	74	-0.0382	-0.0382	VERB
amfbr-132	233	75	0.0547	0.0547	NUM
amfbr-132	233	76	-0.1507	-0.1507	NOUN
amfbr-132	233	77	0.0312	0.0312	NUM
amfbr-132	233	78	sales	sale	NOUN
amfbr-132	233	79	growth	growth	NOUN
amfbr-132	233	80	-0.0212	-0.0212	VERB
amfbr-132	233	81	0.0878	0.0878	NUM
amfbr-132	233	82	-0.2666	-0.2666	ADJ
amfbr-132	233	83	0.0925	0.0925	NUM
amfbr-132	233	84	leverage	leverage	NOUN
amfbr-132	233	85	0.0064	0.0064	NUM
amfbr-132	233	86	0.0375	0.0375	NUM
amfbr-132	233	87	-0.0749	-0.0749	NOUN
amfbr-132	233	88	0.0566	0.0566	NUM
amfbr-132	233	89	source	source	NOUN
amfbr-132	233	90	:	:	PUNCT
amfbr-132	233	91	authors	author	NOUN
amfbr-132	233	92	’	'	PUNCT
amfbr-132	233	93	computation	computation	NOUN
amfbr-132	233	94	,	,	PUNCT
amfbr-132	233	95	2016	2016	NUM
amfbr-132	233	96	.	.	PUNCT
amfbr-132	234	1	as	as	SCONJ
amfbr-132	234	2	shown	show	VERB
amfbr-132	234	3	in	in	ADP
amfbr-132	234	4	table	table	NOUN
amfbr-132	234	5	6	6	NUM
amfbr-132	234	6	,	,	PUNCT
amfbr-132	234	7	none	none	NOUN
amfbr-132	234	8	of	of	ADP
amfbr-132	234	9	the	the	DET
amfbr-132	234	10	indirect	indirect	ADJ
amfbr-132	234	11	effect	effect	NOUN
amfbr-132	234	12	of	of	ADP
amfbr-132	234	13	dividend	dividend	NOUN
amfbr-132	234	14	on	on	ADP
amfbr-132	234	15	share	share	NOUN
amfbr-132	234	16	price	price	NOUN
amfbr-132	234	17	via	via	ADP
amfbr-132	234	18	the	the	DET
amfbr-132	234	19	mediating	mediate	VERB
amfbr-132	234	20	variables	variable	NOUN
amfbr-132	234	21	is	be	AUX
amfbr-132	234	22	statistically	statistically	ADV
amfbr-132	234	23	significant	significant	ADJ
amfbr-132	234	24	,	,	PUNCT
amfbr-132	234	25	since	since	SCONJ
amfbr-132	234	26	their	their	PRON
amfbr-132	234	27	respective	respective	ADJ
amfbr-132	234	28	bootstrapped	bootstrapped	NOUN
amfbr-132	234	29	confidence	confidence	NOUN
amfbr-132	234	30	interval	interval	NOUN
amfbr-132	234	31	contain	contain	VERB
amfbr-132	234	32	zero	zero	NUM
amfbr-132	234	33	value	value	NOUN
amfbr-132	234	34	.	.	PUNCT
amfbr-132	235	1	hence	hence	ADV
amfbr-132	235	2	,	,	PUNCT
amfbr-132	235	3	the	the	DET
amfbr-132	235	4	null	null	ADJ
amfbr-132	235	5	hypothesis	hypothesis	NOUN
amfbr-132	235	6	that	that	PRON
amfbr-132	235	7	the	the	DET
amfbr-132	235	8	indirect	indirect	ADJ
amfbr-132	235	9	effect	effect	NOUN
amfbr-132	235	10	is	be	AUX
amfbr-132	235	11	zero	zero	NUM
amfbr-132	235	12	can	can	AUX
amfbr-132	235	13	not	not	PART
amfbr-132	235	14	be	be	AUX
amfbr-132	235	15	rejected	reject	VERB
amfbr-132	235	16	for	for	ADP
amfbr-132	235	17	all	all	DET
amfbr-132	235	18	the	the	DET
amfbr-132	235	19	mediating	mediating	NOUN
amfbr-132	235	20	variables	variable	NOUN
amfbr-132	235	21	.	.	PUNCT
amfbr-132	236	1	of	of	ADP
amfbr-132	236	2	particular	particular	ADJ
amfbr-132	236	3	note	note	NOUN
amfbr-132	236	4	is	be	AUX
amfbr-132	236	5	that	that	SCONJ
amfbr-132	236	6	the	the	DET
amfbr-132	236	7	indirect	indirect	ADJ
amfbr-132	236	8	effect	effect	NOUN
amfbr-132	236	9	of	of	ADP
amfbr-132	236	10	dividend	dividend	NOUN
amfbr-132	236	11	on	on	ADP
amfbr-132	236	12	share	share	NOUN
amfbr-132	236	13	price	price	NOUN
amfbr-132	236	14	via	via	ADP
amfbr-132	236	15	expected	expect	VERB
amfbr-132	236	16	earnings	earning	NOUN
amfbr-132	236	17	is	be	AUX
amfbr-132	236	18	not	not	PART
amfbr-132	236	19	statistically	statistically	ADV
amfbr-132	236	20	significant	significant	ADJ
amfbr-132	236	21	.	.	PUNCT
amfbr-132	237	1	this	this	PRON
amfbr-132	237	2	indicates	indicate	VERB
amfbr-132	237	3	that	that	SCONJ
amfbr-132	237	4	while	while	SCONJ
amfbr-132	237	5	the	the	DET
amfbr-132	237	6	direct	direct	ADJ
amfbr-132	237	7	effect	effect	NOUN
amfbr-132	237	8	of	of	ADP
amfbr-132	237	9	dividend	dividend	NOUN
amfbr-132	237	10	on	on	ADP
amfbr-132	237	11	share	share	NOUN
amfbr-132	237	12	price	price	NOUN
amfbr-132	237	13	is	be	AUX
amfbr-132	237	14	significant	significant	ADJ
amfbr-132	237	15	,	,	PUNCT
amfbr-132	237	16	the	the	DET
amfbr-132	237	17	indirect	indirect	ADJ
amfbr-132	237	18	effect	effect	NOUN
amfbr-132	237	19	of	of	ADP
amfbr-132	237	20	dividend	dividend	NOUN
amfbr-132	237	21	on	on	ADP
amfbr-132	237	22	share	share	NOUN
amfbr-132	237	23	price	price	NOUN
amfbr-132	237	24	via	via	ADP
amfbr-132	237	25	expected	expect	VERB
amfbr-132	237	26	earnings	earning	NOUN
amfbr-132	237	27	is	be	AUX
amfbr-132	237	28	not	not	PART
amfbr-132	237	29	significant	significant	ADJ
amfbr-132	237	30	.	.	PUNCT
amfbr-132	238	1	further	further	ADJ
amfbr-132	238	2	insight	insight	NOUN
amfbr-132	238	3	into	into	ADP
amfbr-132	238	4	the	the	DET
amfbr-132	238	5	statistical	statistical	ADJ
amfbr-132	238	6	significance	significance	NOUN
amfbr-132	238	7	of	of	ADP
amfbr-132	238	8	the	the	DET
amfbr-132	238	9	indirect	indirect	ADJ
amfbr-132	238	10	effects	effect	NOUN
amfbr-132	238	11	is	be	AUX
amfbr-132	238	12	done	do	VERB
amfbr-132	238	13	with	with	ADP
amfbr-132	238	14	the	the	DET
amfbr-132	238	15	normal	normal	ADJ
amfbr-132	238	16	theory	theory	NOUN
amfbr-132	238	17	(	(	PUNCT
amfbr-132	238	18	sobel	sobel	NOUN
amfbr-132	238	19	)	)	PUNCT
amfbr-132	238	20	test	test	NOUN
amfbr-132	238	21	of	of	ADP
amfbr-132	238	22	indirect	indirect	ADJ
amfbr-132	238	23	effect	effect	NOUN
amfbr-132	238	24	,	,	PUNCT
amfbr-132	238	25	shown	show	VERB
amfbr-132	238	26	in	in	ADP
amfbr-132	238	27	table	table	NOUN
amfbr-132	238	28	7	7	NUM
amfbr-132	238	29	.	.	PUNCT
amfbr-132	239	1	this	this	DET
amfbr-132	239	2	ultimate	ultimate	ADJ
amfbr-132	239	3	test	test	NOUN
amfbr-132	239	4	of	of	ADP
amfbr-132	239	5	indirect	indirect	ADJ
amfbr-132	239	6	effect	effect	NOUN
amfbr-132	239	7	shows	show	VERB
amfbr-132	239	8	that	that	SCONJ
amfbr-132	239	9	none	none	NOUN
amfbr-132	239	10	of	of	ADP
amfbr-132	239	11	the	the	DET
amfbr-132	239	12	indirect	indirect	ADJ
amfbr-132	239	13	effects	effect	NOUN
amfbr-132	239	14	of	of	ADP
amfbr-132	239	15	the	the	DET
amfbr-132	239	16	mediating	mediating	NOUN
amfbr-132	239	17	variables	variable	NOUN
amfbr-132	239	18	is	be	AUX
amfbr-132	239	19	statistically	statistically	ADV
amfbr-132	239	20	significant	significant	ADJ
amfbr-132	239	21	.	.	PUNCT
amfbr-132	240	1	table	table	NOUN
amfbr-132	240	2	7	7	NUM
amfbr-132	240	3	.	.	PUNCT
amfbr-132	240	4	sobel	sobel	NOUN
amfbr-132	240	5	test	test	NOUN
amfbr-132	240	6	of	of	ADP
amfbr-132	240	7	indirect	indirect	ADJ
amfbr-132	240	8	effects	effect	NOUN
amfbr-132	240	9	of	of	ADP
amfbr-132	240	10	expected	expect	VERB
amfbr-132	240	11	dividend	dividend	NOUN
amfbr-132	240	12	on	on	ADP
amfbr-132	240	13	change	change	NOUN
amfbr-132	240	14	in	in	ADP
amfbr-132	240	15	share	share	NOUN
amfbr-132	240	16	price	price	NOUN
amfbr-132	240	17	variable	variable	ADJ
amfbr-132	240	18	effect	effect	NOUN
amfbr-132	241	1	s.e	s.e	PROPN
amfbr-132	241	2	z	z	PROPN
amfbr-132	241	3	p	p	X
amfbr-132	241	4	expected	expect	VERB
amfbr-132	241	5	earnings	earning	NOUN
amfbr-132	241	6	0.3175	0.3175	NUM
amfbr-132	241	7	0.3921	0.3921	NUM
amfbr-132	241	8	0.8099	0.8099	NUM
amfbr-132	241	9	0.4180	0.4180	NUM
amfbr-132	241	10	insider	insider	NOUN
amfbr-132	241	11	shareholding	shareholding	NOUN
amfbr-132	241	12	0.0454	0.0454	NUM
amfbr-132	241	13	0.0999	0.0999	NUM
amfbr-132	241	14	0.4543	0.4543	NUM
amfbr-132	241	15	0.6496	0.6496	NUM
amfbr-132	241	16	asset	asset	NOUN
amfbr-132	241	17	growth	growth	NOUN
amfbr-132	241	18	-0.0382	-0.0382	NOUN
amfbr-132	241	19	0.0939	0.0939	NUM
amfbr-132	241	20	-0.4067	-0.4067	NOUN
amfbr-132	241	21	0.6843	0.6843	NUM
amfbr-132	241	22	sales	sale	NOUN
amfbr-132	241	23	growth	growth	NOUN
amfbr-132	241	24	-0.0212	-0.0212	VERB
amfbr-132	241	25	0.1060	0.1060	NUM
amfbr-132	241	26	-0.1997	-0.1997	ADJ
amfbr-132	241	27	0.8417	0.8417	NUM
amfbr-132	241	28	leverage	leverage	NOUN
amfbr-132	241	29	0.0064	0.0064	NUM
amfbr-132	241	30	0.0677	0.0677	NUM
amfbr-132	241	31	0.0948	0.0948	NUM
amfbr-132	241	32	0.9244	0.9244	NUM
amfbr-132	241	33	source	source	NOUN
amfbr-132	241	34	:	:	PUNCT
amfbr-132	241	35	authors	author	NOUN
amfbr-132	241	36	’	'	PUNCT
amfbr-132	241	37	computation	computation	NOUN
amfbr-132	241	38	,	,	PUNCT
amfbr-132	241	39	2016	2016	NUM
amfbr-132	241	40	.	.	PUNCT
amfbr-132	242	1	though	though	SCONJ
amfbr-132	242	2	none	none	NOUN
amfbr-132	242	3	of	of	ADP
amfbr-132	242	4	the	the	DET
amfbr-132	242	5	indirect	indirect	ADJ
amfbr-132	242	6	effect	effect	NOUN
amfbr-132	242	7	of	of	ADP
amfbr-132	242	8	dividends	dividend	NOUN
amfbr-132	242	9	on	on	ADP
amfbr-132	242	10	share	share	NOUN
amfbr-132	242	11	price	price	NOUN
amfbr-132	242	12	is	be	AUX
amfbr-132	242	13	statistically	statistically	ADV
amfbr-132	242	14	significant	significant	ADJ
amfbr-132	242	15	the	the	DET
amfbr-132	242	16	relative	relative	ADJ
amfbr-132	242	17	importance	importance	NOUN
amfbr-132	242	18	of	of	ADP
amfbr-132	242	19	the	the	DET
amfbr-132	242	20	mediating	mediate	VERB
amfbr-132	242	21	variable	variable	NOUN
amfbr-132	242	22	can	can	AUX
amfbr-132	242	23	be	be	AUX
amfbr-132	242	24	established	establish	VERB
amfbr-132	242	25	by	by	ADP
amfbr-132	242	26	computing	compute	VERB
amfbr-132	242	27	the	the	DET
amfbr-132	242	28	completely	completely	ADV
amfbr-132	242	29	standardized	standardized	ADJ
amfbr-132	242	30	effect	effect	NOUN
amfbr-132	242	31	size	size	NOUN
amfbr-132	242	32	of	of	ADP
amfbr-132	242	33	the	the	DET
amfbr-132	242	34	mediating	mediating	NOUN
amfbr-132	242	35	variables	variable	NOUN
amfbr-132	242	36	.	.	PUNCT
amfbr-132	243	1	the	the	DET
amfbr-132	243	2	completely	completely	ADV
amfbr-132	243	3	standardized	standardized	ADJ
amfbr-132	243	4	effect	effect	NOUN
amfbr-132	243	5	coefficients	coefficient	NOUN
amfbr-132	243	6	are	be	AUX
amfbr-132	243	7	not	not	PART
amfbr-132	243	8	dependent	dependent	ADJ
amfbr-132	243	9	on	on	ADP
amfbr-132	243	10	the	the	DET
amfbr-132	243	11	units	unit	NOUN
amfbr-132	243	12	of	of	ADP
amfbr-132	243	13	the	the	DET
amfbr-132	243	14	mediating	mediating	NOUN
amfbr-132	243	15	variables	variable	NOUN
amfbr-132	243	16	.	.	PUNCT
amfbr-132	244	1	they	they	PRON
amfbr-132	244	2	are	be	AUX
amfbr-132	244	3	measured	measure	VERB
amfbr-132	244	4	in	in	ADP
amfbr-132	244	5	standard	standard	ADJ
amfbr-132	244	6	deviation	deviation	NOUN
amfbr-132	244	7	units	unit	NOUN
amfbr-132	244	8	and	and	CCONJ
amfbr-132	244	9	so	so	ADV
amfbr-132	244	10	are	be	AUX
amfbr-132	244	11	directly	directly	ADV
amfbr-132	244	12	comparable	comparable	ADJ
amfbr-132	244	13	(	(	PUNCT
amfbr-132	244	14	field	field	NOUN
amfbr-132	244	15	,	,	PUNCT
amfbr-132	244	16	2012	2012	NUM
amfbr-132	244	17	)	)	PUNCT
amfbr-132	244	18	.	.	PUNCT
amfbr-132	245	1	standardized	standardized	ADJ
amfbr-132	245	2	coefficients	coefficient	NOUN
amfbr-132	245	3	represent	represent	VERB
amfbr-132	245	4	the	the	DET
amfbr-132	245	5	number	number	NOUN
amfbr-132	245	6	of	of	ADP
amfbr-132	245	7	standard	standard	ADJ
amfbr-132	245	8	deviations	deviation	NOUN
amfbr-132	245	9	that	that	SCONJ
amfbr-132	245	10	the	the	DET
amfbr-132	245	11	outcome	outcome	NOUN
amfbr-132	245	12	variable	variable	NOUN
amfbr-132	245	13	will	will	AUX
amfbr-132	245	14	change	change	VERB
amfbr-132	245	15	as	as	ADP
amfbr-132	245	16	a	a	DET
amfbr-132	245	17	result	result	NOUN
amfbr-132	245	18	of	of	ADP
amfbr-132	245	19	one	one	NUM
amfbr-132	245	20	standard	standard	ADJ
amfbr-132	245	21	deviation	deviation	NOUN
amfbr-132	245	22	change	change	NOUN
amfbr-132	245	23	in	in	ADP
amfbr-132	245	24	a	a	DET
amfbr-132	245	25	predictor	predictor	NOUN
amfbr-132	245	26	variable	variable	NOUN
amfbr-132	245	27	.	.	PUNCT
amfbr-132	246	1	the	the	DET
amfbr-132	246	2	completely	completely	ADV
amfbr-132	246	3	standardized	standardized	ADJ
amfbr-132	246	4	indirect	indirect	ADJ
amfbr-132	246	5	effect	effect	NOUN
amfbr-132	246	6	of	of	ADP
amfbr-132	246	7	dividend	dividend	NOUN
amfbr-132	246	8	on	on	ADP
amfbr-132	246	9	share	share	NOUN
amfbr-132	246	10	price	price	NOUN
amfbr-132	246	11	is	be	AUX
amfbr-132	246	12	exhibited	exhibit	VERB
amfbr-132	246	13	in	in	ADP
amfbr-132	246	14	table	table	NOUN
amfbr-132	246	15	8	8	NUM
amfbr-132	246	16	.	.	PUNCT
amfbr-132	246	17	table	table	NOUN
amfbr-132	246	18	8	8	NUM
amfbr-132	246	19	.	.	PUNCT
amfbr-132	247	1	effect	effect	NOUN
amfbr-132	247	2	size	size	NOUN
amfbr-132	247	3	(	(	PUNCT
amfbr-132	247	4	completely	completely	ADV
amfbr-132	247	5	standardized	standardized	ADJ
amfbr-132	247	6	)	)	PUNCT
amfbr-132	247	7	indirect	indirect	ADJ
amfbr-132	247	8	effect	effect	NOUN
amfbr-132	247	9	mediating	mediate	VERB
amfbr-132	247	10	variable	variable	ADJ
amfbr-132	247	11	effect	effect	NOUN
amfbr-132	247	12	boot	boot	PROPN
amfbr-132	247	13	se	se	PROPN
amfbr-132	247	14	boot	boot	PROPN
amfbr-132	247	15	llci	llci	PROPN
amfbr-132	247	16	boot	boot	PROPN
amfbr-132	247	17	ulci	ulci	NOUN
amfbr-132	247	18	total	total	NOUN
amfbr-132	247	19	0.0125	0.0125	NUM
amfbr-132	247	20	0.0240	0.0240	NUM
amfbr-132	247	21	-0.0187	-0.0187	NOUN
amfbr-132	247	22	0.0815	0.0815	NUM
amfbr-132	247	23	earnings	earning	NOUN
amfbr-132	247	24	0.0128	0.0128	NUM
amfbr-132	247	25	0.0236	0.0236	NUM
amfbr-132	247	26	-0.0179	-0.0179	NOUN
amfbr-132	247	27	0.0787	0.0787	NUM
amfbr-132	247	28	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	NOUN
amfbr-132	247	29	american	american	PROPN
amfbr-132	247	30	finance	finance	PROPN
amfbr-132	247	31	&	&	CCONJ
amfbr-132	247	32	banking	banking	PROPN
amfbr-132	247	33	review	review	PROPN
amfbr-132	247	34	vol	vol	NOUN
amfbr-132	247	35	.	.	PROPN
amfbr-132	247	36	2	2	NUM
amfbr-132	247	37	,	,	PUNCT
amfbr-132	247	38	no	no	INTJ
amfbr-132	247	39	.	.	NOUN
amfbr-132	247	40	2	2	NUM
amfbr-132	247	41	;	;	PUNCT
amfbr-132	247	42	2018	2018	NUM
amfbr-132	247	43	11	11	NUM
amfbr-132	247	44	insider	insider	NOUN
amfbr-132	247	45	-	-	PUNCT
amfbr-132	247	46	shareholdings	shareholding	NOUN
amfbr-132	247	47	0.0018	0.0018	NUM
amfbr-132	247	48	0.0016	0.0016	NUM
amfbr-132	247	49	-0.0004	-0.0004	NOUN
amfbr-132	247	50	0.0070	0.0070	NUM
amfbr-132	247	51	investment	investment	NOUN
amfbr-132	247	52	-	-	PUNCT
amfbr-132	247	53	growth	growth	NOUN
amfbr-132	247	54	-0.0015	-0.0015	NOUN
amfbr-132	248	1	0.0023	0.0023	NUM
amfbr-132	248	2	-0.0064	-0.0064	NOUN
amfbr-132	248	3	0.0013	0.0013	NUM
amfbr-132	248	4	sales	sale	NOUN
amfbr-132	248	5	-	-	PUNCT
amfbr-132	248	6	growth	growth	NOUN
amfbr-132	248	7	-0.0009	-0.0009	NOUN
amfbr-132	248	8	0.0037	0.0037	NUM
amfbr-132	248	9	-0.0099	-0.0099	NOUN
amfbr-132	248	10	0.0044	0.0044	NUM
amfbr-132	248	11	leverage	leverage	NOUN
amfbr-132	248	12	0.0003	0.0003	NUM
amfbr-132	248	13	0.0016	0.0016	NUM
amfbr-132	248	14	-0.0032	-0.0032	NOUN
amfbr-132	248	15	0.0027	0.0027	NUM
amfbr-132	248	16	source	source	NOUN
amfbr-132	248	17	:	:	PUNCT
amfbr-132	248	18	author	author	NOUN
amfbr-132	248	19	’s	’s	PART
amfbr-132	248	20	computation	computation	NOUN
amfbr-132	248	21	,	,	PUNCT
amfbr-132	248	22	2016	2016	NUM
amfbr-132	248	23	.	.	PUNCT
amfbr-132	249	1	as	as	SCONJ
amfbr-132	249	2	shown	show	VERB
amfbr-132	249	3	in	in	ADP
amfbr-132	249	4	table	table	NOUN
amfbr-132	249	5	8	8	NUM
amfbr-132	249	6	,	,	PUNCT
amfbr-132	249	7	the	the	DET
amfbr-132	249	8	most	most	ADV
amfbr-132	249	9	important	important	ADJ
amfbr-132	249	10	mediating	mediate	VERB
amfbr-132	249	11	variable	variable	NOUN
amfbr-132	249	12	is	be	AUX
amfbr-132	249	13	expected	expect	VERB
amfbr-132	249	14	earnings	earning	NOUN
amfbr-132	249	15	with	with	ADP
amfbr-132	249	16	a	a	DET
amfbr-132	249	17	standardized	standardized	ADJ
amfbr-132	249	18	effect	effect	NOUN
amfbr-132	249	19	size	size	NOUN
amfbr-132	249	20	of	of	ADP
amfbr-132	249	21	0.0128	0.0128	NUM
amfbr-132	249	22	.	.	PUNCT
amfbr-132	250	1	insider	insider	NOUN
amfbr-132	250	2	-	-	PUNCT
amfbr-132	250	3	shareholding	shareholding	NOUN
amfbr-132	250	4	variable	variable	NOUN
amfbr-132	250	5	comes	come	VERB
amfbr-132	250	6	a	a	DET
amfbr-132	250	7	distant	distant	ADJ
amfbr-132	250	8	second	second	NOUN
amfbr-132	250	9	with	with	ADP
amfbr-132	250	10	standardized	standardized	ADJ
amfbr-132	250	11	effect	effect	NOUN
amfbr-132	250	12	size	size	NOUN
amfbr-132	250	13	of	of	ADP
amfbr-132	250	14	0.0018	0.0018	NUM
amfbr-132	250	15	.	.	PUNCT
amfbr-132	251	1	next	next	ADJ
amfbr-132	251	2	are	be	AUX
amfbr-132	251	3	assetgrowth	assetgrowth	NOUN
amfbr-132	251	4	,	,	PUNCT
amfbr-132	251	5	salesgrowth	salesgrowth	NOUN
amfbr-132	251	6	and	and	CCONJ
amfbr-132	251	7	leverage	leverage	NOUN
amfbr-132	251	8	in	in	ADP
amfbr-132	251	9	a	a	DET
amfbr-132	251	10	descending	descend	VERB
amfbr-132	251	11	order	order	NOUN
amfbr-132	251	12	of	of	ADP
amfbr-132	251	13	importance	importance	NOUN
amfbr-132	251	14	.	.	PUNCT
amfbr-132	252	1	the	the	DET
amfbr-132	252	2	above	above	ADJ
amfbr-132	252	3	findings	finding	NOUN
amfbr-132	252	4	are	be	AUX
amfbr-132	252	5	inconsistent	inconsistent	ADJ
amfbr-132	252	6	with	with	ADP
amfbr-132	252	7	the	the	DET
amfbr-132	252	8	dividend	dividend	NOUN
amfbr-132	252	9	irrelevance	irrelevance	NOUN
amfbr-132	252	10	proposition	proposition	NOUN
amfbr-132	252	11	that	that	SCONJ
amfbr-132	252	12	the	the	DET
amfbr-132	252	13	influence	influence	NOUN
amfbr-132	252	14	of	of	ADP
amfbr-132	252	15	dividend	dividend	NOUN
amfbr-132	252	16	on	on	ADP
amfbr-132	252	17	share	share	NOUN
amfbr-132	252	18	price	price	NOUN
amfbr-132	252	19	is	be	AUX
amfbr-132	252	20	due	due	ADJ
amfbr-132	252	21	to	to	ADP
amfbr-132	252	22	its	its	PRON
amfbr-132	252	23	relationship	relationship	NOUN
amfbr-132	252	24	with	with	ADP
amfbr-132	252	25	expected	expect	VERB
amfbr-132	252	26	earnings	earning	NOUN
amfbr-132	252	27	.	.	PUNCT
amfbr-132	253	1	rather	rather	ADV
amfbr-132	253	2	,	,	PUNCT
amfbr-132	253	3	the	the	DET
amfbr-132	253	4	significance	significance	NOUN
amfbr-132	253	5	of	of	ADP
amfbr-132	253	6	the	the	DET
amfbr-132	253	7	direct	direct	ADJ
amfbr-132	253	8	effect	effect	NOUN
amfbr-132	253	9	of	of	ADP
amfbr-132	253	10	dividend	dividend	NOUN
amfbr-132	253	11	on	on	ADP
amfbr-132	253	12	share	share	NOUN
amfbr-132	253	13	price	price	NOUN
amfbr-132	253	14	suggests	suggest	VERB
amfbr-132	253	15	that	that	SCONJ
amfbr-132	253	16	dividend	dividend	NOUN
amfbr-132	253	17	has	have	VERB
amfbr-132	253	18	unique	unique	ADJ
amfbr-132	253	19	influence	influence	NOUN
amfbr-132	253	20	on	on	ADP
amfbr-132	253	21	share	share	NOUN
amfbr-132	253	22	price	price	NOUN
amfbr-132	253	23	.	.	PUNCT
amfbr-132	254	1	the	the	DET
amfbr-132	254	2	results	result	NOUN
amfbr-132	254	3	of	of	ADP
amfbr-132	254	4	this	this	DET
amfbr-132	254	5	study	study	NOUN
amfbr-132	254	6	are	be	AUX
amfbr-132	254	7	therefore	therefore	ADV
amfbr-132	254	8	consistent	consistent	ADJ
amfbr-132	254	9	with	with	ADP
amfbr-132	254	10	dividend	dividend	NOUN
amfbr-132	254	11	relevance	relevance	NOUN
amfbr-132	254	12	proposition	proposition	NOUN
amfbr-132	254	13	.	.	PUNCT
amfbr-132	255	1	5	5	X
amfbr-132	255	2	.	.	X
amfbr-132	255	3	conclusion	conclusion	NOUN
amfbr-132	255	4	the	the	DET
amfbr-132	255	5	argument	argument	NOUN
amfbr-132	255	6	of	of	ADP
amfbr-132	255	7	miller	miller	PROPN
amfbr-132	255	8	and	and	CCONJ
amfbr-132	255	9	modigliani	modigliani	PROPN
amfbr-132	255	10	(	(	PUNCT
amfbr-132	255	11	1961	1961	NUM
amfbr-132	255	12	)	)	PUNCT
amfbr-132	255	13	dividend	dividend	NOUN
amfbr-132	255	14	irrelevance	irrelevance	NOUN
amfbr-132	255	15	proposition	proposition	NOUN
amfbr-132	255	16	implies	imply	VERB
amfbr-132	255	17	that	that	SCONJ
amfbr-132	255	18	the	the	DET
amfbr-132	255	19	effect	effect	NOUN
amfbr-132	255	20	of	of	ADP
amfbr-132	255	21	dividend	dividend	NOUN
amfbr-132	255	22	on	on	ADP
amfbr-132	255	23	share	share	NOUN
amfbr-132	255	24	price	price	NOUN
amfbr-132	255	25	is	be	AUX
amfbr-132	255	26	fully	fully	ADV
amfbr-132	255	27	mediated	mediate	VERB
amfbr-132	255	28	by	by	ADP
amfbr-132	255	29	earnings	earning	NOUN
amfbr-132	255	30	.	.	PUNCT
amfbr-132	256	1	full	full	ADJ
amfbr-132	256	2	mediation	mediation	NOUN
amfbr-132	256	3	of	of	ADP
amfbr-132	256	4	the	the	DET
amfbr-132	256	5	effect	effect	NOUN
amfbr-132	256	6	of	of	ADP
amfbr-132	256	7	dividend	dividend	NOUN
amfbr-132	256	8	on	on	ADP
amfbr-132	256	9	share	share	NOUN
amfbr-132	256	10	price	price	NOUN
amfbr-132	256	11	by	by	ADP
amfbr-132	256	12	earnings	earning	NOUN
amfbr-132	256	13	means	mean	VERB
amfbr-132	256	14	that	that	SCONJ
amfbr-132	256	15	the	the	DET
amfbr-132	256	16	direct	direct	ADJ
amfbr-132	256	17	effect	effect	NOUN
amfbr-132	256	18	of	of	ADP
amfbr-132	256	19	dividend	dividend	NOUN
amfbr-132	256	20	on	on	ADP
amfbr-132	256	21	share	share	NOUN
amfbr-132	256	22	price	price	NOUN
amfbr-132	256	23	will	will	AUX
amfbr-132	256	24	not	not	PART
amfbr-132	256	25	be	be	AUX
amfbr-132	256	26	significantly	significantly	ADV
amfbr-132	256	27	different	different	ADJ
amfbr-132	256	28	from	from	ADP
amfbr-132	256	29	zero	zero	NUM
amfbr-132	256	30	and	and	CCONJ
amfbr-132	256	31	indirect	indirect	ADJ
amfbr-132	256	32	effect	effect	NOUN
amfbr-132	256	33	of	of	ADP
amfbr-132	256	34	dividend	dividend	NOUN
amfbr-132	256	35	on	on	ADP
amfbr-132	256	36	share	share	NOUN
amfbr-132	256	37	price	price	NOUN
amfbr-132	256	38	via	via	ADP
amfbr-132	256	39	earnings	earning	NOUN
amfbr-132	256	40	will	will	AUX
amfbr-132	256	41	be	be	AUX
amfbr-132	256	42	significantly	significantly	ADV
amfbr-132	256	43	positive	positive	ADJ
amfbr-132	256	44	.	.	PUNCT
amfbr-132	257	1	on	on	ADP
amfbr-132	257	2	the	the	DET
amfbr-132	257	3	other	other	ADJ
amfbr-132	257	4	hand	hand	NOUN
amfbr-132	257	5	,	,	PUNCT
amfbr-132	257	6	if	if	SCONJ
amfbr-132	257	7	the	the	DET
amfbr-132	257	8	mediation	mediation	NOUN
amfbr-132	257	9	effect	effect	NOUN
amfbr-132	257	10	is	be	AUX
amfbr-132	257	11	partial	partial	ADJ
amfbr-132	257	12	,	,	PUNCT
amfbr-132	257	13	then	then	ADV
amfbr-132	257	14	both	both	CCONJ
amfbr-132	257	15	the	the	DET
amfbr-132	257	16	indirect	indirect	ADJ
amfbr-132	257	17	and	and	CCONJ
amfbr-132	257	18	direct	direct	ADJ
amfbr-132	257	19	effect	effect	NOUN
amfbr-132	257	20	of	of	ADP
amfbr-132	257	21	dividend	dividend	NOUN
amfbr-132	257	22	on	on	ADP
amfbr-132	257	23	share	share	NOUN
amfbr-132	257	24	price	price	NOUN
amfbr-132	257	25	will	will	AUX
amfbr-132	257	26	be	be	AUX
amfbr-132	257	27	significantly	significantly	ADV
amfbr-132	257	28	positive	positive	ADJ
amfbr-132	257	29	.	.	PUNCT
amfbr-132	258	1	in	in	ADP
amfbr-132	258	2	this	this	DET
amfbr-132	258	3	case	case	NOUN
amfbr-132	258	4	,	,	PUNCT
amfbr-132	258	5	there	there	PRON
amfbr-132	258	6	will	will	AUX
amfbr-132	258	7	be	be	AUX
amfbr-132	258	8	a	a	DET
amfbr-132	258	9	reduction	reduction	NOUN
amfbr-132	258	10	from	from	ADP
amfbr-132	258	11	the	the	DET
amfbr-132	258	12	total	total	ADJ
amfbr-132	258	13	effects	effect	NOUN
amfbr-132	258	14	of	of	ADP
amfbr-132	258	15	dividend	dividend	NOUN
amfbr-132	258	16	on	on	ADP
amfbr-132	258	17	share	share	NOUN
amfbr-132	258	18	price	price	NOUN
amfbr-132	258	19	,	,	PUNCT
amfbr-132	258	20	which	which	PRON
amfbr-132	258	21	is	be	AUX
amfbr-132	258	22	accounted	account	VERB
amfbr-132	258	23	for	for	ADP
amfbr-132	258	24	by	by	ADP
amfbr-132	258	25	the	the	DET
amfbr-132	258	26	indirect	indirect	ADJ
amfbr-132	258	27	effect	effect	NOUN
amfbr-132	258	28	of	of	ADP
amfbr-132	258	29	expected	expect	VERB
amfbr-132	258	30	dividend	dividend	NOUN
amfbr-132	258	31	on	on	ADP
amfbr-132	258	32	share	share	NOUN
amfbr-132	258	33	price	price	NOUN
amfbr-132	258	34	.	.	PUNCT
amfbr-132	259	1	if	if	SCONJ
amfbr-132	259	2	the	the	DET
amfbr-132	259	3	effect	effect	NOUN
amfbr-132	259	4	of	of	ADP
amfbr-132	259	5	expected	expect	VERB
amfbr-132	259	6	dividend	dividend	NOUN
amfbr-132	259	7	on	on	ADP
amfbr-132	259	8	share	share	NOUN
amfbr-132	259	9	price	price	NOUN
amfbr-132	259	10	is	be	AUX
amfbr-132	259	11	not	not	PART
amfbr-132	259	12	mediated	mediate	VERB
amfbr-132	259	13	by	by	ADP
amfbr-132	259	14	expected	expect	VERB
amfbr-132	259	15	earnings	earning	NOUN
amfbr-132	259	16	,	,	PUNCT
amfbr-132	259	17	the	the	DET
amfbr-132	259	18	indirect	indirect	ADJ
amfbr-132	259	19	effect	effect	NOUN
amfbr-132	259	20	of	of	ADP
amfbr-132	259	21	expected	expect	VERB
amfbr-132	259	22	dividend	dividend	NOUN
amfbr-132	259	23	on	on	ADP
amfbr-132	259	24	share	share	NOUN
amfbr-132	259	25	price	price	NOUN
amfbr-132	259	26	via	via	ADP
amfbr-132	259	27	expected	expect	VERB
amfbr-132	259	28	earnings	earning	NOUN
amfbr-132	259	29	will	will	AUX
amfbr-132	259	30	not	not	PART
amfbr-132	259	31	be	be	AUX
amfbr-132	259	32	significantly	significantly	ADV
amfbr-132	259	33	different	different	ADJ
amfbr-132	259	34	from	from	ADP
amfbr-132	259	35	zero	zero	NUM
amfbr-132	259	36	,	,	PUNCT
amfbr-132	259	37	while	while	SCONJ
amfbr-132	259	38	the	the	DET
amfbr-132	259	39	direct	direct	ADJ
amfbr-132	259	40	effect	effect	NOUN
amfbr-132	259	41	will	will	AUX
amfbr-132	259	42	be	be	AUX
amfbr-132	259	43	significantly	significantly	ADV
amfbr-132	259	44	positive	positive	ADJ
amfbr-132	259	45	.	.	PUNCT
amfbr-132	260	1	in	in	ADP
amfbr-132	260	2	this	this	DET
amfbr-132	260	3	study	study	NOUN
amfbr-132	260	4	,	,	PUNCT
amfbr-132	260	5	mediation	mediation	NOUN
amfbr-132	260	6	analyses	analysis	NOUN
amfbr-132	260	7	was	be	AUX
amfbr-132	260	8	applied	apply	VERB
amfbr-132	260	9	to	to	PART
amfbr-132	260	10	isolate	isolate	VERB
amfbr-132	260	11	and	and	CCONJ
amfbr-132	260	12	measure	measure	VERB
amfbr-132	260	13	the	the	DET
amfbr-132	260	14	direct	direct	ADJ
amfbr-132	260	15	,	,	PUNCT
amfbr-132	260	16	indirect	indirect	ADJ
amfbr-132	260	17	and	and	CCONJ
amfbr-132	260	18	total	total	ADJ
amfbr-132	260	19	impact	impact	NOUN
amfbr-132	260	20	of	of	ADP
amfbr-132	260	21	expected	expect	VERB
amfbr-132	260	22	dividend	dividend	NOUN
amfbr-132	260	23	on	on	ADP
amfbr-132	260	24	firm	firm	NOUN
amfbr-132	260	25	’s	’s	PART
amfbr-132	260	26	share	share	NOUN
amfbr-132	260	27	prices	price	NOUN
amfbr-132	260	28	with	with	ADP
amfbr-132	260	29	the	the	DET
amfbr-132	260	30	mediation	mediation	NOUN
amfbr-132	260	31	of	of	ADP
amfbr-132	260	32	expected	expect	VERB
amfbr-132	260	33	earnings	earning	NOUN
amfbr-132	260	34	,	,	PUNCT
amfbr-132	260	35	insider	insider	NOUN
amfbr-132	260	36	shareholdings	shareholding	NOUN
amfbr-132	260	37	.	.	PUNCT
amfbr-132	261	1	asstes	asste	NOUN
amfbr-132	261	2	-	-	PUNCT
amfbr-132	261	3	growth	growth	NOUN
amfbr-132	261	4	,	,	PUNCT
amfbr-132	261	5	salesgrowth	salesgrowth	NOUN
amfbr-132	261	6	and	and	CCONJ
amfbr-132	261	7	leverage	leverage	NOUN
amfbr-132	261	8	.	.	PUNCT
amfbr-132	262	1	the	the	DET
amfbr-132	262	2	results	result	NOUN
amfbr-132	262	3	shows	show	VERB
amfbr-132	262	4	that	that	SCONJ
amfbr-132	262	5	the	the	DET
amfbr-132	262	6	direct	direct	ADJ
amfbr-132	262	7	effect	effect	NOUN
amfbr-132	262	8	of	of	ADP
amfbr-132	262	9	dividend	dividend	NOUN
amfbr-132	262	10	on	on	ADP
amfbr-132	262	11	share	share	NOUN
amfbr-132	262	12	price	price	NOUN
amfbr-132	262	13	is	be	AUX
amfbr-132	262	14	positive	positive	ADJ
amfbr-132	262	15	and	and	CCONJ
amfbr-132	262	16	statistically	statistically	ADV
amfbr-132	262	17	significant	significant	ADJ
amfbr-132	262	18	while	while	SCONJ
amfbr-132	262	19	the	the	DET
amfbr-132	262	20	indirect	indirect	ADJ
amfbr-132	262	21	effect	effect	NOUN
amfbr-132	262	22	of	of	ADP
amfbr-132	262	23	expected	expect	VERB
amfbr-132	262	24	dividend	dividend	NOUN
amfbr-132	262	25	on	on	ADP
amfbr-132	262	26	share	share	NOUN
amfbr-132	262	27	price	price	NOUN
amfbr-132	262	28	,	,	PUNCT
amfbr-132	262	29	through	through	ADP
amfbr-132	262	30	expected	expect	VERB
amfbr-132	262	31	earnings	earning	NOUN
amfbr-132	262	32	is	be	AUX
amfbr-132	262	33	insignificant	insignificant	ADJ
amfbr-132	262	34	.	.	PUNCT
amfbr-132	263	1	furthermore	furthermore	ADV
amfbr-132	263	2	,	,	PUNCT
amfbr-132	263	3	mediation	mediation	NOUN
amfbr-132	263	4	of	of	ADP
amfbr-132	263	5	the	the	DET
amfbr-132	263	6	effect	effect	NOUN
amfbr-132	263	7	of	of	ADP
amfbr-132	263	8	expected	expect	VERB
amfbr-132	263	9	dividend	dividend	NOUN
amfbr-132	263	10	on	on	ADP
amfbr-132	263	11	share	share	NOUN
amfbr-132	263	12	price	price	NOUN
amfbr-132	263	13	by	by	ADP
amfbr-132	263	14	insider	insider	NOUN
amfbr-132	263	15	-	-	PUNCT
amfbr-132	263	16	shareholding	shareholding	NOUN
amfbr-132	263	17	,	,	PUNCT
amfbr-132	263	18	assets	asset	NOUN
amfbr-132	263	19	-	-	PUNCT
amfbr-132	263	20	growth	growth	NOUN
amfbr-132	263	21	,	,	PUNCT
amfbr-132	263	22	sales	sale	NOUN
amfbr-132	263	23	-	-	PUNCT
amfbr-132	263	24	growth	growth	NOUN
amfbr-132	263	25	,	,	PUNCT
amfbr-132	263	26	and	and	CCONJ
amfbr-132	263	27	leverage	leverage	NOUN
amfbr-132	263	28	(	(	PUNCT
amfbr-132	263	29	risk	risk	NOUN
amfbr-132	263	30	)	)	PUNCT
amfbr-132	263	31	were	be	AUX
amfbr-132	263	32	found	find	VERB
amfbr-132	263	33	to	to	PART
amfbr-132	263	34	be	be	AUX
amfbr-132	263	35	statistically	statistically	ADV
amfbr-132	263	36	insignificant	insignificant	ADJ
amfbr-132	263	37	,	,	PUNCT
amfbr-132	263	38	respectively	respectively	ADV
amfbr-132	263	39	.	.	PUNCT
amfbr-132	264	1	while	while	SCONJ
amfbr-132	264	2	the	the	DET
amfbr-132	264	3	total	total	ADJ
amfbr-132	264	4	effect	effect	NOUN
amfbr-132	264	5	of	of	ADP
amfbr-132	264	6	dividend	dividend	NOUN
amfbr-132	264	7	on	on	ADP
amfbr-132	264	8	share	share	NOUN
amfbr-132	264	9	price	price	NOUN
amfbr-132	264	10	is	be	AUX
amfbr-132	264	11	positive	positive	ADJ
amfbr-132	264	12	and	and	CCONJ
amfbr-132	264	13	statistically	statistically	ADV
amfbr-132	264	14	significant	significant	ADJ
amfbr-132	264	15	.	.	PUNCT
amfbr-132	265	1	these	these	DET
amfbr-132	265	2	results	result	NOUN
amfbr-132	265	3	contradict	contradict	VERB
amfbr-132	265	4	dividend	dividend	NOUN
amfbr-132	265	5	irrelevance	irrelevance	NOUN
amfbr-132	265	6	proposition	proposition	NOUN
amfbr-132	265	7	but	but	CCONJ
amfbr-132	265	8	are	be	AUX
amfbr-132	265	9	consistent	consistent	ADJ
amfbr-132	265	10	with	with	ADP
amfbr-132	265	11	dividend	dividend	NOUN
amfbr-132	265	12	relevance	relevance	NOUN
amfbr-132	265	13	hypothesis	hypothesis	NOUN
amfbr-132	265	14	.	.	PUNCT
amfbr-132	266	1	the	the	DET
amfbr-132	266	2	conclusion	conclusion	NOUN
amfbr-132	266	3	following	follow	VERB
amfbr-132	266	4	from	from	ADP
amfbr-132	266	5	these	these	DET
amfbr-132	266	6	results	result	NOUN
amfbr-132	266	7	is	be	AUX
amfbr-132	266	8	that	that	SCONJ
amfbr-132	266	9	earnings	earning	NOUN
amfbr-132	266	10	do	do	AUX
amfbr-132	266	11	not	not	PART
amfbr-132	266	12	mediate	mediate	VERB
amfbr-132	266	13	the	the	DET
amfbr-132	266	14	effect	effect	NOUN
amfbr-132	266	15	of	of	ADP
amfbr-132	266	16	dividend	dividend	NOUN
amfbr-132	266	17	on	on	ADP
amfbr-132	266	18	share	share	NOUN
amfbr-132	266	19	price	price	NOUN
amfbr-132	266	20	.	.	PUNCT
amfbr-132	267	1	dividend	dividend	NOUN
amfbr-132	267	2	has	have	VERB
amfbr-132	267	3	significant	significant	ADJ
amfbr-132	267	4	direct	direct	ADJ
amfbr-132	267	5	effect	effect	NOUN
amfbr-132	267	6	on	on	ADP
amfbr-132	267	7	share	share	NOUN
amfbr-132	267	8	price	price	NOUN
amfbr-132	267	9	that	that	PRON
amfbr-132	267	10	is	be	AUX
amfbr-132	267	11	not	not	PART
amfbr-132	267	12	due	due	ADJ
amfbr-132	267	13	to	to	ADP
amfbr-132	267	14	the	the	DET
amfbr-132	267	15	relationship	relationship	NOUN
amfbr-132	267	16	between	between	ADP
amfbr-132	267	17	dividend	dividend	NOUN
amfbr-132	267	18	and	and	CCONJ
amfbr-132	267	19	earnings	earning	NOUN
amfbr-132	267	20	and	and	CCONJ
amfbr-132	267	21	thus	thus	ADV
amfbr-132	267	22	,	,	PUNCT
amfbr-132	267	23	the	the	DET
amfbr-132	267	24	miller	miller	PROPN
amfbr-132	267	25	and	and	CCONJ
amfbr-132	267	26	modigliani	modigliani	PROPN
amfbr-132	267	27	’s	’s	PART
amfbr-132	267	28	dividend	dividend	NOUN
amfbr-132	267	29	irrelevance	irrelevance	NOUN
amfbr-132	267	30	proposition	proposition	NOUN
amfbr-132	267	31	do	do	AUX
amfbr-132	267	32	not	not	PART
amfbr-132	267	33	hold	hold	VERB
amfbr-132	267	34	in	in	ADP
amfbr-132	267	35	the	the	DET
amfbr-132	267	36	nigerian	nigerian	ADJ
amfbr-132	267	37	stock	stock	NOUN
amfbr-132	267	38	market	market	NOUN
amfbr-132	267	39	.	.	PUNCT
amfbr-132	268	1	dividend	dividend	NOUN
amfbr-132	268	2	is	be	AUX
amfbr-132	268	3	relevant	relevant	ADJ
amfbr-132	268	4	for	for	ADP
amfbr-132	268	5	the	the	DET
amfbr-132	268	6	valuation	valuation	NOUN
amfbr-132	268	7	of	of	ADP
amfbr-132	268	8	shares	share	NOUN
amfbr-132	268	9	.	.	PUNCT
amfbr-132	269	1	the	the	DET
amfbr-132	269	2	study	study	NOUN
amfbr-132	269	3	has	have	AUX
amfbr-132	269	4	contributed	contribute	VERB
amfbr-132	269	5	to	to	ADP
amfbr-132	269	6	the	the	DET
amfbr-132	269	7	resolution	resolution	NOUN
amfbr-132	269	8	of	of	ADP
amfbr-132	269	9	the	the	DET
amfbr-132	269	10	puzzle	puzzle	NOUN
amfbr-132	269	11	about	about	ADP
amfbr-132	269	12	the	the	DET
amfbr-132	269	13	relevance	relevance	NOUN
amfbr-132	269	14	or	or	CCONJ
amfbr-132	269	15	irrelevance	irrelevance	NOUN
amfbr-132	269	16	of	of	ADP
amfbr-132	269	17	dividend	dividend	NOUN
amfbr-132	269	18	for	for	ADP
amfbr-132	269	19	pricing	pricing	NOUN
amfbr-132	269	20	of	of	ADP
amfbr-132	269	21	shares	share	NOUN
amfbr-132	269	22	in	in	ADP
amfbr-132	269	23	the	the	DET
amfbr-132	269	24	nigerian	nigerian	ADJ
amfbr-132	269	25	stock	stock	NOUN
amfbr-132	269	26	market	market	NOUN
amfbr-132	269	27	.	.	PUNCT
amfbr-132	270	1	references	reference	NOUN
amfbr-132	270	2	abdul	abdul	PROPN
amfbr-132	270	3	,	,	PUNCT
amfbr-132	270	4	a.	a.	PROPN
amfbr-132	270	5	,	,	PUNCT
amfbr-132	270	6	&	&	CCONJ
amfbr-132	270	7	muhibudeen	muhibudeen	PROPN
amfbr-132	270	8	,	,	PUNCT
amfbr-132	270	9	l.	l.	PROPN
amfbr-132	270	10	(	(	PUNCT
amfbr-132	270	11	2015	2015	NUM
amfbr-132	270	12	)	)	PUNCT
amfbr-132	270	13	.	.	PUNCT
amfbr-132	271	1	relationship	relationship	NOUN
amfbr-132	271	2	between	between	ADP
amfbr-132	271	3	dividend	dividend	NOUN
amfbr-132	271	4	payout	payout	NOUN
amfbr-132	271	5	and	and	CCONJ
amfbr-132	271	6	firms	firm	NOUN
amfbr-132	271	7	performance	performance	NOUN
amfbr-132	271	8	:	:	PUNCT
amfbr-132	271	9	evaluation	evaluation	NOUN
amfbr-132	271	10	of	of	ADP
amfbr-132	271	11	dividend	dividend	NOUN
amfbr-132	271	12	policy	policy	NOUN
amfbr-132	271	13	of	of	ADP
amfbr-132	271	14	oando	oando	PROPN
amfbr-132	271	15	plc	plc	PROPN
amfbr-132	271	16	.	.	PUNCT
amfbr-132	272	1	international	international	PROPN
amfbr-132	272	2	journal	journal	PROPN
amfbr-132	272	3	of	of	ADP
amfbr-132	272	4	contemporary	contemporary	PROPN
amfbr-132	272	5	applied	apply	VERB
amfbr-132	272	6	sciences	science	NOUN
amfbr-132	272	7	,	,	PUNCT
amfbr-132	272	8	2	2	NUM
amfbr-132	272	9	(	(	PUNCT
amfbr-132	272	10	6	6	NUM
amfbr-132	272	11	)	)	PUNCT
amfbr-132	272	12	,	,	PUNCT
amfbr-132	272	13	56	56	NUM
amfbr-132	272	14	-	-	SYM
amfbr-132	272	15	71	71	NUM
amfbr-132	272	16	.	.	PUNCT
amfbr-132	272	17	abdullahi	abdullahi	PROPN
amfbr-132	272	18	,	,	PUNCT
amfbr-132	272	19	a.	a.	NOUN
amfbr-132	272	20	(	(	PUNCT
amfbr-132	272	21	2014).dividend	2014).dividend	NUM
amfbr-132	272	22	policy	policy	NOUN
amfbr-132	272	23	and	and	CCONJ
amfbr-132	272	24	its	its	PRON
amfbr-132	272	25	impact	impact	NOUN
amfbr-132	272	26	on	on	ADP
amfbr-132	272	27	stock	stock	NOUN
amfbr-132	272	28	price	price	NOUN
amfbr-132	272	29	:	:	PUNCT
amfbr-132	272	30	a	a	DET
amfbr-132	272	31	study	study	NOUN
amfbr-132	272	32	on	on	ADP
amfbr-132	272	33	commercial	commercial	ADJ
amfbr-132	272	34	banks	bank	NOUN
amfbr-132	272	35	listed	list	VERB
amfbr-132	272	36	in	in	ADP
amfbr-132	272	37	dhaka	dhaka	PROPN
amfbr-132	272	38	stock	stock	PROPN
amfbr-132	272	39	exchange	exchange	PROPN
amfbr-132	272	40	.	.	PUNCT
amfbr-132	273	1	global	global	ADJ
amfbr-132	273	2	disclosure	disclosure	NOUN
amfbr-132	273	3	of	of	ADP
amfbr-132	273	4	economics	economic	NOUN
amfbr-132	273	5	and	and	CCONJ
amfbr-132	273	6	business	business	NOUN
amfbr-132	273	7	,	,	PUNCT
amfbr-132	273	8	3	3	NUM
amfbr-132	273	9	(	(	PUNCT
amfbr-132	273	10	1	1	NUM
amfbr-132	273	11	)	)	PUNCT
amfbr-132	273	12	,	,	PUNCT
amfbr-132	273	13	9	9	NUM
amfbr-132	273	14	-	-	SYM
amfbr-132	273	15	17	17	NUM
amfbr-132	273	16	.	.	PUNCT
amfbr-132	274	1	abor	abor	PROPN
amfbr-132	274	2	,	,	PUNCT
amfbr-132	274	3	j.	j.	PROPN
amfbr-132	274	4	(	(	PUNCT
amfbr-132	274	5	2008	2008	NUM
amfbr-132	274	6	)	)	PUNCT
amfbr-132	274	7	.	.	PUNCT
amfbr-132	275	1	determinants	determinant	NOUN
amfbr-132	275	2	of	of	ADP
amfbr-132	275	3	capital	capital	NOUN
amfbr-132	275	4	structure	structure	NOUN
amfbr-132	275	5	of	of	ADP
amfbr-132	275	6	ghanaian	ghanaian	ADJ
amfbr-132	275	7	firms	firm	NOUN
amfbr-132	275	8	.	.	PUNCT
amfbr-132	276	1	african	african	ADJ
amfbr-132	276	2	economic	economic	ADJ
amfbr-132	276	3	research	research	PROPN
amfbr-132	276	4	consortium	consortium	NOUN
amfbr-132	276	5	biannual	biannual	ADJ
amfbr-132	276	6	workshop	workshop	NOUN
amfbr-132	276	7	(	(	PUNCT
amfbr-132	276	8	aerc	aerc	NOUN
amfbr-132	276	9	)	)	PUNCT
amfbr-132	276	10	research	research	NOUN
amfbr-132	276	11	paper	paper	NOUN
amfbr-132	276	12	176	176	NUM
amfbr-132	276	13	,	,	PUNCT
amfbr-132	276	14	nairobi	nairobi	PROPN
amfbr-132	276	15	,	,	PUNCT
amfbr-132	276	16	kenya	kenya	PROPN
amfbr-132	276	17	.	.	PUNCT
amfbr-132	277	1	abubakhar	abubakhar	PROPN
amfbr-132	277	2	,	,	PUNCT
amfbr-132	277	3	s.	s.	PROPN
amfbr-132	277	4	(	(	PUNCT
amfbr-132	277	5	2012	2012	NUM
amfbr-132	277	6	)	)	PUNCT
amfbr-132	277	7	.	.	PUNCT
amfbr-132	278	1	dividend	dividend	NOUN
amfbr-132	278	2	payout	payout	NOUN
amfbr-132	278	3	ratio	ratio	NOUN
amfbr-132	278	4	and	and	CCONJ
amfbr-132	278	5	share	share	NOUN
amfbr-132	278	6	price	price	NOUN
amfbr-132	278	7	movement	movement	NOUN
amfbr-132	278	8	of	of	ADP
amfbr-132	278	9	listed	list	VERB
amfbr-132	278	10	non	non	ADJ
amfbr-132	278	11	-	-	ADJ
amfbr-132	278	12	service	service	ADJ
amfbr-132	278	13	firms	firm	NOUN
amfbr-132	278	14	in	in	ADP
amfbr-132	278	15	nigeria	nigeria	PROPN
amfbr-132	278	16	:	:	PUNCT
amfbr-132	278	17	empirical	empirical	ADJ
amfbr-132	278	18	study	study	NOUN
amfbr-132	278	19	.	.	PUNCT
amfbr-132	279	1	www.abu.edu.ng/publications/2012-04-11-163138_1156.docx	www.abu.edu.ng/publications/2012-04-11-163138_1156.docx	NOUN
amfbr-132	279	2	adediran	adediran	ADJ
amfbr-132	279	3	,	,	PUNCT
amfbr-132	279	4	s.a	s.a	PROPN
amfbr-132	279	5	.	.	PROPN
amfbr-132	279	6	,	,	PUNCT
amfbr-132	279	7	&	&	CCONJ
amfbr-132	279	8	alade	alade	PROPN
amfbr-132	279	9	,	,	PUNCT
amfbr-132	279	10	s.d	s.d	PROPN
amfbr-132	279	11	.	.	PROPN
amfbr-132	280	1	(	(	PUNCT
amfbr-132	280	2	2013	2013	NUM
amfbr-132	280	3	)	)	PUNCT
amfbr-132	280	4	.	.	PUNCT
amfbr-132	281	1	dividend	dividend	NOUN
amfbr-132	281	2	policy	policy	NOUN
amfbr-132	281	3	and	and	CCONJ
amfbr-132	281	4	corporate	corporate	ADJ
amfbr-132	281	5	performance	performance	NOUN
amfbr-132	281	6	in	in	ADP
amfbr-132	281	7	nigeria	nigeria	PROPN
amfbr-132	281	8	.	.	PUNCT
amfbr-132	282	1	american	american	PROPN
amfbr-132	282	2	journal	journal	PROPN
amfbr-132	282	3	of	of	ADP
amfbr-132	282	4	social	social	ADJ
amfbr-132	282	5	and	and	CCONJ
amfbr-132	282	6	management	management	NOUN
amfbr-132	282	7	sciences	science	NOUN
amfbr-132	282	8	,	,	PUNCT
amfbr-132	282	9	4(2	4(2	NUM
amfbr-132	282	10	)	)	PUNCT
amfbr-132	282	11	,	,	PUNCT
amfbr-132	282	12	71	71	NUM
amfbr-132	282	13	-	-	SYM
amfbr-132	282	14	77	77	NUM
amfbr-132	282	15	.	.	PUNCT
amfbr-132	283	1	adefila	adefila	PROPN
amfbr-132	283	2	,	,	PUNCT
amfbr-132	283	3	j.j	j.j	PROPN
amfbr-132	283	4	.	.	PROPN
amfbr-132	283	5	,	,	PUNCT
amfbr-132	283	6	oladipo	oladipo	PROPN
amfbr-132	283	7	,	,	PUNCT
amfbr-132	283	8	j.a	j.a	PROPN
amfbr-132	283	9	.	.	PROPN
amfbr-132	283	10	,	,	PUNCT
amfbr-132	283	11	&	&	CCONJ
amfbr-132	283	12	adeoti	adeoti	PROPN
amfbr-132	283	13	,	,	PUNCT
amfbr-132	283	14	j.o	j.o	PROPN
amfbr-132	283	15	.	.	PROPN
amfbr-132	283	16	(	(	PUNCT
amfbr-132	283	17	2004	2004	NUM
amfbr-132	283	18	)	)	PUNCT
amfbr-132	283	19	.	.	PUNCT
amfbr-132	284	1	the	the	DET
amfbr-132	284	2	effect	effect	NOUN
amfbr-132	284	3	of	of	ADP
amfbr-132	284	4	dividend	dividend	NOUN
amfbr-132	284	5	policy	policy	NOUN
amfbr-132	284	6	on	on	ADP
amfbr-132	284	7	the	the	DET
amfbr-132	284	8	market	market	NOUN
amfbr-132	284	9	price	price	NOUN
amfbr-132	284	10	of	of	ADP
amfbr-132	284	11	shares	share	NOUN
amfbr-132	284	12	in	in	ADP
amfbr-132	284	13	nigeria	nigeria	PROPN
amfbr-132	284	14	:	:	PUNCT
amfbr-132	284	15	case	case	NOUN
amfbr-132	284	16	study	study	NOUN
amfbr-132	284	17	of	of	ADP
amfbr-132	284	18	fifteen	fifteen	NUM
amfbr-132	284	19	quoted	quote	VERB
amfbr-132	284	20	companies	company	NOUN
amfbr-132	284	21	.	.	PUNCT
amfbr-132	285	1	international	international	ADJ
amfbr-132	285	2	journal	journal	PROPN
amfbr-132	285	3	of	of	ADP
amfbr-132	285	4	accounting	accounting	NOUN
amfbr-132	285	5	.	.	PUNCT
amfbr-132	286	1	university	university	NOUN
amfbr-132	286	2	of	of	ADP
amfbr-132	286	3	adoekiti	adoekiti	PROPN
amfbr-132	286	4	,	,	PUNCT
amfbr-132	286	5	2	2	NUM
amfbr-132	286	6	(	(	PUNCT
amfbr-132	286	7	1	1	NUM
amfbr-132	286	8	)	)	PUNCT
amfbr-132	286	9	,	,	PUNCT
amfbr-132	286	10	1	1	NUM
amfbr-132	286	11	-	-	SYM
amfbr-132	286	12	10	10	NUM
amfbr-132	286	13	adesina	adesina	NOUN
amfbr-132	286	14	,	,	PUNCT
amfbr-132	286	15	k.	k.	PROPN
amfbr-132	286	16	,	,	PUNCT
amfbr-132	286	17	uwuigbe	uwuigbe	PROPN
amfbr-132	286	18	,	,	PUNCT
amfbr-132	286	19	u.	u.	PROPN
amfbr-132	286	20	,	,	PUNCT
amfbr-132	286	21	uwuigbe	uwuigbe	PROPN
amfbr-132	286	22	,	,	PUNCT
amfbr-132	286	23	o.r	o.r	PROPN
amfbr-132	286	24	.	.	PROPN
amfbr-132	286	25	,	,	PUNCT
amfbr-132	286	26	asiriuwa	asiriuwa	ADJ
amfbr-132	286	27	,	,	PUNCT
amfbr-132	286	28	o.	o.	PROPN
amfbr-132	286	29	&	&	CCONJ
amfbr-132	286	30	oriabe	oriabe	PROPN
amfbr-132	286	31	,	,	PUNCT
amfbr-132	286	32	s.	s.	PROPN
amfbr-132	286	33	(	(	PUNCT
amfbr-132	286	34	2017	2017	NUM
amfbr-132	286	35	)	)	PUNCT
amfbr-132	286	36	.	.	PUNCT
amfbr-132	287	1	dividend	dividend	NOUN
amfbr-132	287	2	policy	policy	NOUN
amfbr-132	287	3	and	and	CCONJ
amfbr-132	287	4	share	share	NOUN
amfbr-132	287	5	price	price	NOUN
amfbr-132	287	6	valuation	valuation	NOUN
amfbr-132	287	7	in	in	ADP
amfbr-132	287	8	nigerian	nigerian	ADJ
amfbr-132	287	9	banks	bank	NOUN
amfbr-132	287	10	.	.	PUNCT
amfbr-132	288	1	euroeconomica	euroeconomica	PROPN
amfbr-132	288	2	,	,	PUNCT
amfbr-132	288	3	36(1	36(1	NUM
amfbr-132	288	4	)	)	PUNCT
amfbr-132	288	5	,	,	PUNCT
amfbr-132	288	6	1	1	NUM
amfbr-132	288	7	-	-	SYM
amfbr-132	288	8	10	10	NUM
amfbr-132	288	9	adesola	adesola	PROPN
amfbr-132	288	10	,	,	PUNCT
amfbr-132	288	11	w.a	w.a	PROPN
amfbr-132	288	12	.	.	PROPN
amfbr-132	288	13	,	,	PUNCT
amfbr-132	288	14	&	&	CCONJ
amfbr-132	288	15	okwong	okwong	PROPN
amfbr-132	288	16	,	,	PUNCT
amfbr-132	288	17	a.e	a.e	PROPN
amfbr-132	288	18	.	.	PROPN
amfbr-132	288	19	(	(	PUNCT
amfbr-132	288	20	2009	2009	NUM
amfbr-132	288	21	)	)	PUNCT
amfbr-132	288	22	.	.	PUNCT
amfbr-132	289	1	an	an	DET
amfbr-132	289	2	empirical	empirical	ADJ
amfbr-132	289	3	study	study	NOUN
amfbr-132	289	4	of	of	ADP
amfbr-132	289	5	dividend	dividend	NOUN
amfbr-132	289	6	policy	policy	NOUN
amfbr-132	289	7	of	of	ADP
amfbr-132	289	8	quoted	quote	VERB
amfbr-132	289	9	companies	company	NOUN
amfbr-132	289	10	in	in	ADP
amfbr-132	289	11	nigeria	nigeria	PROPN
amfbr-132	289	12	.	.	PUNCT
amfbr-132	290	1	global	global	ADJ
amfbr-132	290	2	journal	journal	PROPN
amfbr-132	290	3	of	of	ADP
amfbr-132	290	4	social	social	ADJ
amfbr-132	290	5	sciences	science	NOUN
amfbr-132	290	6	,	,	PUNCT
amfbr-132	290	7	8	8	NUM
amfbr-132	290	8	(	(	PUNCT
amfbr-132	290	9	1	1	NUM
amfbr-132	290	10	)	)	PUNCT
amfbr-132	290	11	,	,	PUNCT
amfbr-132	290	12	85	85	NUM
amfbr-132	290	13	-	-	SYM
amfbr-132	290	14	101	101	NUM
amfbr-132	290	15	.	.	PUNCT
amfbr-132	291	1	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	291	2	american	american	PROPN
amfbr-132	291	3	finance	finance	PROPN
amfbr-132	291	4	&	&	CCONJ
amfbr-132	291	5	banking	banking	PROPN
amfbr-132	291	6	review	review	PROPN
amfbr-132	291	7	vol	vol	NOUN
amfbr-132	291	8	.	.	PROPN
amfbr-132	292	1	2	2	NUM
amfbr-132	292	2	,	,	PUNCT
amfbr-132	292	3	no	no	INTJ
amfbr-132	292	4	.	.	NOUN
amfbr-132	292	5	2	2	NUM
amfbr-132	292	6	;	;	PUNCT
amfbr-132	292	7	2018	2018	NUM
amfbr-132	292	8	12	12	NUM
amfbr-132	292	9	adeyemi	adeyemi	ADV
amfbr-132	292	10	,	,	PUNCT
amfbr-132	292	11	s.l	s.l	PROPN
amfbr-132	292	12	.	.	PROPN
amfbr-132	292	13	,	,	PUNCT
amfbr-132	292	14	&	&	CCONJ
amfbr-132	292	15	adewale	adewale	PROPN
amfbr-132	292	16	a.	a.	PROPN
amfbr-132	292	17	a.	a.	PROPN
amfbr-132	292	18	(	(	PUNCT
amfbr-132	292	19	2010	2010	NUM
amfbr-132	292	20	)	)	PUNCT
amfbr-132	292	21	.	.	PUNCT
amfbr-132	293	1	evaluation	evaluation	NOUN
amfbr-132	293	2	of	of	ADP
amfbr-132	293	3	the	the	DET
amfbr-132	293	4	dividend	dividend	NOUN
amfbr-132	293	5	practices	practice	NOUN
amfbr-132	293	6	among	among	ADP
amfbr-132	293	7	selected	select	VERB
amfbr-132	293	8	nigerian	nigerian	ADJ
amfbr-132	293	9	quoted	quote	VERB
amfbr-132	293	10	firms	firm	NOUN
amfbr-132	293	11	.	.	PUNCT
amfbr-132	294	1	maiduguri	maiduguri	PROPN
amfbr-132	294	2	journal	journal	PROPN
amfbr-132	294	3	of	of	ADP
amfbr-132	294	4	accounting	accounting	NOUN
amfbr-132	294	5	and	and	CCONJ
amfbr-132	294	6	finance	finance	NOUN
amfbr-132	294	7	,	,	PUNCT
amfbr-132	294	8	8	8	NUM
amfbr-132	294	9	(	(	PUNCT
amfbr-132	294	10	1	1	NUM
amfbr-132	294	11	)	)	PUNCT
amfbr-132	294	12	.	.	PUNCT
amfbr-132	295	1	aharony	aharony	PROPN
amfbr-132	295	2	,	,	PUNCT
amfbr-132	295	3	j.	j.	PROPN
amfbr-132	295	4	,	,	PUNCT
amfbr-132	295	5	&	&	CCONJ
amfbr-132	295	6	swary	swary	ADJ
amfbr-132	295	7	,	,	PUNCT
amfbr-132	295	8	i.	i.	NOUN
amfbr-132	295	9	(	(	PUNCT
amfbr-132	295	10	1980	1980	NUM
amfbr-132	295	11	)	)	PUNCT
amfbr-132	295	12	.	.	PUNCT
amfbr-132	296	1	quarterly	quarterly	ADJ
amfbr-132	296	2	dividend	dividend	NOUN
amfbr-132	296	3	and	and	CCONJ
amfbr-132	296	4	earnings	earning	NOUN
amfbr-132	296	5	announcements	announcement	NOUN
amfbr-132	296	6	and	and	CCONJ
amfbr-132	296	7	stockholder	stockholder	NOUN
amfbr-132	296	8	’s	’s	PART
amfbr-132	296	9	returns	return	NOUN
amfbr-132	296	10	:	:	PUNCT
amfbr-132	296	11	an	an	DET
amfbr-132	296	12	empirical	empirical	ADJ
amfbr-132	296	13	analysis	analysis	NOUN
amfbr-132	296	14	.	.	PUNCT
amfbr-132	297	1	journal	journal	PROPN
amfbr-132	297	2	of	of	ADP
amfbr-132	297	3	finance	finance	NOUN
amfbr-132	297	4	,	,	PUNCT
amfbr-132	297	5	35(1	35(1	NUM
amfbr-132	297	6	)	)	PUNCT
amfbr-132	297	7	,	,	PUNCT
amfbr-132	297	8	1	1	NUM
amfbr-132	297	9	-	-	SYM
amfbr-132	297	10	12	12	NUM
amfbr-132	297	11	.	.	PUNCT
amfbr-132	298	1	amadasu	amadasu	PROPN
amfbr-132	298	2	,	,	PUNCT
amfbr-132	298	3	d.e	d.e	PROPN
amfbr-132	298	4	.	.	PUNCT
amfbr-132	299	1	(	(	PUNCT
amfbr-132	299	2	2011).dividend	2011).dividend	NUM
amfbr-132	299	3	is	be	AUX
amfbr-132	299	4	relevant	relevant	ADJ
amfbr-132	299	5	:	:	PUNCT
amfbr-132	299	6	a	a	DET
amfbr-132	299	7	restatement	restatement	NOUN
amfbr-132	299	8	.	.	PUNCT
amfbr-132	300	1	african	african	ADJ
amfbr-132	300	2	research	research	PROPN
amfbr-132	300	3	review	review	NOUN
amfbr-132	300	4	journal	journal	NOUN
amfbr-132	300	5	,	,	PUNCT
amfbr-132	300	6	5(4	5(4	NUM
amfbr-132	300	7	)	)	PUNCT
amfbr-132	300	8	,	,	PUNCT
amfbr-132	300	9	60	60	NUM
amfbr-132	300	10	-	-	SYM
amfbr-132	300	11	72	72	NUM
amfbr-132	300	12	anil	anil	NOUN
amfbr-132	300	13	,	,	PUNCT
amfbr-132	300	14	k.	k.	PROPN
amfbr-132	300	15	,	,	PUNCT
amfbr-132	300	16	&	&	CCONJ
amfbr-132	300	17	kapoor	kapoor	PROPN
amfbr-132	300	18	,	,	PUNCT
amfbr-132	300	19	s.	s.	PROPN
amfbr-132	300	20	(	(	PUNCT
amfbr-132	300	21	2008	2008	NUM
amfbr-132	300	22	)	)	PUNCT
amfbr-132	300	23	.	.	PUNCT
amfbr-132	301	1	determinants	determinant	NOUN
amfbr-132	301	2	of	of	ADP
amfbr-132	301	3	dividend	dividend	NOUN
amfbr-132	301	4	payout	payout	PROPN
amfbr-132	301	5	ratiosa	ratiosa	PROPN
amfbr-132	301	6	study	study	NOUN
amfbr-132	301	7	of	of	ADP
amfbr-132	301	8	indian	indian	ADJ
amfbr-132	301	9	information	information	NOUN
amfbr-132	301	10	technology	technology	NOUN
amfbr-132	301	11	sector	sector	NOUN
amfbr-132	301	12	,	,	PUNCT
amfbr-132	301	13	the	the	DET
amfbr-132	301	14	international	international	ADJ
amfbr-132	301	15	research	research	NOUN
amfbr-132	301	16	journal	journal	NOUN
amfbr-132	301	17	of	of	ADP
amfbr-132	301	18	finance	finance	NOUN
amfbr-132	301	19	and	and	CCONJ
amfbr-132	301	20	economics	economic	NOUN
amfbr-132	301	21	,	,	PUNCT
amfbr-132	301	22	15(2	15(2	NUM
amfbr-132	301	23	)	)	PUNCT
amfbr-132	301	24	,	,	PUNCT
amfbr-132	301	25	63	63	NUM
amfbr-132	301	26	-	-	SYM
amfbr-132	301	27	71	71	NUM
amfbr-132	301	28	arslan	arslan	NOUN
amfbr-132	301	29	,	,	PUNCT
amfbr-132	301	30	i.	i.	PROPN
amfbr-132	301	31	,	,	PUNCT
amfbr-132	301	32	farooq	farooq	PROPN
amfbr-132	301	33	,	,	PUNCT
amfbr-132	301	34	a.	a.	PROPN
amfbr-132	301	35	,	,	PUNCT
amfbr-132	301	36	&	&	CCONJ
amfbr-132	301	37	ali	ali	PROPN
amfbr-132	301	38	raja	raja	PROPN
amfbr-132	301	39	,	,	PUNCT
amfbr-132	301	40	s.	s.	PROPN
amfbr-132	301	41	(	(	PUNCT
amfbr-132	301	42	2014).the	2014).the	DET
amfbr-132	301	43	effect	effect	NOUN
amfbr-132	301	44	of	of	ADP
amfbr-132	301	45	dividend	dividend	NOUN
amfbr-132	301	46	bubble	bubble	NOUN
amfbr-132	301	47	on	on	ADP
amfbr-132	301	48	share	share	NOUN
amfbr-132	301	49	price	price	NOUN
amfbr-132	301	50	:	:	PUNCT
amfbr-132	301	51	evidence	evidence	NOUN
amfbr-132	301	52	from	from	ADP
amfbr-132	301	53	kse-30	kse-30	DET
amfbr-132	301	54	index	index	NOUN
amfbr-132	301	55	.	.	PUNCT
amfbr-132	302	1	research	research	NOUN
amfbr-132	302	2	journal	journal	PROPN
amfbr-132	302	3	of	of	ADP
amfbr-132	302	4	finance	finance	NOUN
amfbr-132	302	5	and	and	CCONJ
amfbr-132	302	6	accounting	accounting	NOUN
amfbr-132	302	7	,	,	PUNCT
amfbr-132	302	8	5(13	5(13	NUM
amfbr-132	302	9	)	)	PUNCT
amfbr-132	302	10	,	,	PUNCT
amfbr-132	302	11	83	83	NUM
amfbr-132	302	12	-	-	SYM
amfbr-132	302	13	87	87	NUM
amfbr-132	302	14	.	.	PUNCT
amfbr-132	303	1	baker	baker	PROPN
amfbr-132	303	2	,	,	PUNCT
amfbr-132	303	3	h.k	h.k	PROPN
amfbr-132	303	4	.	.	PROPN
amfbr-132	303	5	,	,	PUNCT
amfbr-132	303	6	&	&	CCONJ
amfbr-132	303	7	weigand	weigand	PROPN
amfbr-132	303	8	,	,	PUNCT
amfbr-132	303	9	r.	r.	PROPN
amfbr-132	303	10	(	(	PUNCT
amfbr-132	303	11	2014	2014	NUM
amfbr-132	303	12	)	)	PUNCT
amfbr-132	303	13	.	.	PUNCT
amfbr-132	304	1	corporate	corporate	ADJ
amfbr-132	304	2	dividend	dividend	NOUN
amfbr-132	304	3	policy	policy	NOUN
amfbr-132	304	4	revisited	revisit	VERB
amfbr-132	304	5	.	.	PUNCT
amfbr-132	305	1	journal	journal	NOUN
amfbr-132	305	2	of	of	ADP
amfbr-132	305	3	managerial	managerial	ADJ
amfbr-132	305	4	finance	finance	NOUN
amfbr-132	305	5	,	,	PUNCT
amfbr-132	305	6	4(2	4(2	NUM
amfbr-132	305	7	)	)	PUNCT
amfbr-132	305	8	,	,	PUNCT
amfbr-132	305	9	126	126	NUM
amfbr-132	305	10	-	-	SYM
amfbr-132	305	11	144	144	NUM
amfbr-132	305	12	.	.	PUNCT
amfbr-132	306	1	doi.10.1108	doi.10.1108	PROPN
amfbr-132	306	2	/	/	SYM
amfbr-132	306	3	mf-03	mf-03	NOUN
amfbr-132	306	4	-	-	PUNCT
amfbr-132	306	5	2014	2014	NUM
amfbr-132	306	6	-	-	SYM
amfbr-132	306	7	0077	0077	NUM
amfbr-132	306	8	.	.	PUNCT
amfbr-132	307	1	baron	baron	NOUN
amfbr-132	307	2	,	,	PUNCT
amfbr-132	307	3	r.m	r.m	PROPN
amfbr-132	307	4	.	.	PROPN
amfbr-132	307	5	&	&	CCONJ
amfbr-132	307	6	kenny	kenny	PROPN
amfbr-132	307	7	,	,	PUNCT
amfbr-132	307	8	d.a	d.a	PROPN
amfbr-132	307	9	.	.	PROPN
amfbr-132	308	1	(	(	PUNCT
amfbr-132	308	2	1986).the	1986).the	NUM
amfbr-132	308	3	moderatormediator	moderatormediator	NOUN
amfbr-132	308	4	variable	variable	ADJ
amfbr-132	308	5	distinction	distinction	NOUN
amfbr-132	308	6	in	in	ADP
amfbr-132	308	7	social	social	ADJ
amfbr-132	308	8	psychological	psychological	ADJ
amfbr-132	308	9	research	research	NOUN
amfbr-132	308	10	:	:	PUNCT
amfbr-132	308	11	concept	concept	NOUN
amfbr-132	308	12	,	,	PUNCT
amfbr-132	308	13	strategic	strategic	ADJ
amfbr-132	308	14	and	and	CCONJ
amfbr-132	308	15	statistical	statistical	ADJ
amfbr-132	308	16	considerations	consideration	NOUN
amfbr-132	308	17	.	.	PUNCT
amfbr-132	309	1	journal	journal	NOUN
amfbr-132	309	2	of	of	ADP
amfbr-132	309	3	personality	personality	NOUN
amfbr-132	309	4	and	and	CCONJ
amfbr-132	309	5	social	social	ADJ
amfbr-132	309	6	psychology	psychology	NOUN
amfbr-132	309	7	,	,	PUNCT
amfbr-132	309	8	51(6	51(6	NOUN
amfbr-132	309	9	)	)	PUNCT
amfbr-132	309	10	,	,	PUNCT
amfbr-132	309	11	1173	1173	NUM
amfbr-132	309	12	-	-	SYM
amfbr-132	309	13	1182	1182	NUM
amfbr-132	309	14	.	.	PUNCT
amfbr-132	310	1	bernstein	bernstein	PROPN
amfbr-132	310	2	,	,	PUNCT
amfbr-132	310	3	p.l	p.l	PROPN
amfbr-132	310	4	.	.	PROPN
amfbr-132	310	5	(	(	PUNCT
amfbr-132	310	6	1996	1996	NUM
amfbr-132	310	7	)	)	PUNCT
amfbr-132	310	8	.	.	PUNCT
amfbr-132	311	1	“	"	PUNCT
amfbr-132	311	2	dividend	dividend	NOUN
amfbr-132	311	3	:	:	PUNCT
amfbr-132	311	4	the	the	DET
amfbr-132	311	5	puzzle	puzzle	NOUN
amfbr-132	311	6	”	"	PUNCT
amfbr-132	311	7	,	,	PUNCT
amfbr-132	311	8	journal	journal	NOUN
amfbr-132	311	9	of	of	ADP
amfbr-132	311	10	applied	apply	VERB
amfbr-132	311	11	corporate	corporate	ADJ
amfbr-132	311	12	finance	finance	NOUN
amfbr-132	311	13	,	,	PUNCT
amfbr-132	311	14	9	9	NUM
amfbr-132	311	15	,	,	PUNCT
amfbr-132	311	16	16	16	NUM
amfbr-132	311	17	-	-	SYM
amfbr-132	311	18	22	22	NUM
amfbr-132	311	19	black	black	NOUN
amfbr-132	311	20	,	,	PUNCT
amfbr-132	311	21	f.	f.	PROPN
amfbr-132	311	22	(	(	PUNCT
amfbr-132	311	23	1976	1976	NUM
amfbr-132	311	24	)	)	PUNCT
amfbr-132	311	25	.	.	PUNCT
amfbr-132	312	1	the	the	DET
amfbr-132	312	2	dividend	dividend	NOUN
amfbr-132	312	3	puzzle	puzzle	NOUN
amfbr-132	312	4	.	.	PUNCT
amfbr-132	313	1	journal	journal	PROPN
amfbr-132	313	2	of	of	ADP
amfbr-132	313	3	portfolio	portfolio	NOUN
amfbr-132	313	4	management	management	NOUN
amfbr-132	313	5	.	.	PUNCT
amfbr-132	314	1	2(2	2(2	NUM
amfbr-132	314	2	)	)	PUNCT
amfbr-132	314	3	,	,	PUNCT
amfbr-132	314	4	5	5	NUM
amfbr-132	314	5	-	-	SYM
amfbr-132	314	6	8	8	NUM
amfbr-132	314	7	.	.	PUNCT
amfbr-132	315	1	bougatef	bougatef	PROPN
amfbr-132	315	2	,	,	PUNCT
amfbr-132	315	3	k.	k.	PROPN
amfbr-132	315	4	(	(	PUNCT
amfbr-132	315	5	2014	2014	NUM
amfbr-132	315	6	)	)	PUNCT
amfbr-132	315	7	.	.	PUNCT
amfbr-132	316	1	how	how	SCONJ
amfbr-132	316	2	do	do	AUX
amfbr-132	316	3	dividend	dividend	NOUN
amfbr-132	316	4	payments	payment	NOUN
amfbr-132	316	5	affect	affect	VERB
amfbr-132	316	6	stock	stock	NOUN
amfbr-132	316	7	prices	price	NOUN
amfbr-132	316	8	:	:	PUNCT
amfbr-132	316	9	the	the	DET
amfbr-132	316	10	case	case	NOUN
amfbr-132	316	11	of	of	ADP
amfbr-132	316	12	tunisian	tunisian	ADJ
amfbr-132	316	13	firms	firm	NOUN
amfbr-132	316	14	.	.	PUNCT
amfbr-132	317	1	the	the	DET
amfbr-132	317	2	journal	journal	PROPN
amfbr-132	317	3	of	of	ADP
amfbr-132	317	4	commerce	commerce	PROPN
amfbr-132	317	5	.	.	PUNCT
amfbr-132	318	1	3(2	3(2	NUM
amfbr-132	318	2	)	)	PUNCT
amfbr-132	318	3	,	,	PUNCT
amfbr-132	318	4	21	21	NUM
amfbr-132	318	5	-	-	SYM
amfbr-132	318	6	25	25	NUM
amfbr-132	318	7	bringham	bringham	NOUN
amfbr-132	318	8	,	,	PUNCT
amfbr-132	318	9	e.f	e.f	PROPN
amfbr-132	318	10	and	and	CCONJ
amfbr-132	318	11	houston	houston	PROPN
amfbr-132	318	12	,	,	PUNCT
amfbr-132	318	13	j.f	j.f	PROPN
amfbr-132	318	14	(	(	PUNCT
amfbr-132	318	15	1999	1999	NUM
amfbr-132	318	16	)	)	PUNCT
amfbr-132	318	17	.	.	PUNCT
amfbr-132	319	1	fundamentals	fundamental	NOUN
amfbr-132	319	2	of	of	ADP
amfbr-132	319	3	financial	financial	ADJ
amfbr-132	319	4	management	management	NOUN
amfbr-132	319	5	.	.	PUNCT
amfbr-132	320	1	second	second	ADJ
amfbr-132	320	2	edition	edition	NOUN
amfbr-132	320	3	.	.	PUNCT
amfbr-132	321	1	the	the	DET
amfbr-132	321	2	dryden	dryden	PROPN
amfbr-132	321	3	press	press	PROPN
amfbr-132	321	4	,	,	PUNCT
amfbr-132	321	5	florida	florida	PROPN
amfbr-132	321	6	,	,	PUNCT
amfbr-132	321	7	u.s.a	u.s.a	PROPN
amfbr-132	321	8	budagaga	budagaga	NOUN
amfbr-132	321	9	,	,	PUNCT
amfbr-132	321	10	a.	a.	NOUN
amfbr-132	321	11	(	(	PUNCT
amfbr-132	321	12	2017).dividend	2017).dividend	NUM
amfbr-132	321	13	payment	payment	NOUN
amfbr-132	321	14	and	and	CCONJ
amfbr-132	321	15	its	its	PRON
amfbr-132	321	16	impact	impact	NOUN
amfbr-132	321	17	on	on	ADP
amfbr-132	321	18	the	the	DET
amfbr-132	321	19	value	value	NOUN
amfbr-132	321	20	of	of	ADP
amfbr-132	321	21	firms	firm	NOUN
amfbr-132	321	22	listed	list	VERB
amfbr-132	321	23	on	on	ADP
amfbr-132	321	24	istanbul	istanbul	PROPN
amfbr-132	321	25	stock	stock	PROPN
amfbr-132	321	26	exchange	exchange	PROPN
amfbr-132	321	27	:	:	PUNCT
amfbr-132	321	28	a	a	DET
amfbr-132	321	29	residual	residual	ADJ
amfbr-132	321	30	income	income	NOUN
amfbr-132	321	31	approach	approach	NOUN
amfbr-132	321	32	.	.	PUNCT
amfbr-132	322	1	international	international	ADJ
amfbr-132	322	2	journal	journal	PROPN
amfbr-132	322	3	of	of	ADP
amfbr-132	322	4	economics	economic	NOUN
amfbr-132	322	5	and	and	CCONJ
amfbr-132	322	6	financial	financial	ADJ
amfbr-132	322	7	issues	issue	NOUN
amfbr-132	322	8	,	,	PUNCT
amfbr-132	322	9	7(2	7(2	NUM
amfbr-132	322	10	)	)	PUNCT
amfbr-132	322	11	,	,	PUNCT
amfbr-132	322	12	370	370	NUM
amfbr-132	322	13	-	-	SYM
amfbr-132	322	14	376	376	NUM
amfbr-132	322	15	.	.	PUNCT
amfbr-132	323	1	http.www.econjournals.com	http.www.econjournals.com	VERB
amfbr-132	324	1	chirima	chirima	PROPN
amfbr-132	324	2	,	,	PUNCT
amfbr-132	324	3	d.t	d.t	PROPN
amfbr-132	324	4	.	.	PUNCT
amfbr-132	324	5	(	(	PUNCT
amfbr-132	324	6	2015	2015	NUM
amfbr-132	324	7	)	)	PUNCT
amfbr-132	324	8	.	.	PUNCT
amfbr-132	325	1	the	the	DET
amfbr-132	325	2	impact	impact	NOUN
amfbr-132	325	3	of	of	ADP
amfbr-132	325	4	dividend	dividend	NOUN
amfbr-132	325	5	payments	payment	NOUN
amfbr-132	325	6	on	on	ADP
amfbr-132	325	7	stock	stock	NOUN
amfbr-132	325	8	prices	price	NOUN
amfbr-132	325	9	in	in	ADP
amfbr-132	325	10	a	a	DET
amfbr-132	325	11	developing	develop	VERB
amfbr-132	325	12	economy	economy	NOUN
amfbr-132	325	13	:	:	PUNCT
amfbr-132	325	14	the	the	DET
amfbr-132	325	15	case	case	NOUN
amfbr-132	325	16	study	study	NOUN
amfbr-132	325	17	of	of	ADP
amfbr-132	325	18	services	service	NOUN
amfbr-132	325	19	firms	firm	NOUN
amfbr-132	325	20	listed	list	VERB
amfbr-132	325	21	on	on	ADP
amfbr-132	325	22	the	the	DET
amfbr-132	325	23	zimbabwe	zimbabwe	ADJ
amfbr-132	325	24	stock	stock	PROPN
amfbr-132	325	25	exchange	exchange	PROPN
amfbr-132	325	26	.	.	PUNCT
amfbr-132	326	1	case	case	NOUN
amfbr-132	326	2	studies	study	NOUN
amfbr-132	326	3	journal	journal	NOUN
amfbr-132	326	4	,	,	PUNCT
amfbr-132	326	5	4(5	4(5	PROPN
amfbr-132	326	6	)	)	PUNCT
amfbr-132	326	7	,	,	PUNCT
amfbr-132	326	8	126	126	NUM
amfbr-132	326	9	-	-	SYM
amfbr-132	326	10	133	133	NUM
amfbr-132	326	11	de	de	NOUN
amfbr-132	326	12	-	-	NOUN
amfbr-132	326	13	angelo	angelo	PROPN
amfbr-132	326	14	,	,	PUNCT
amfbr-132	326	15	h.	h.	PROPN
amfbr-132	326	16	,	,	PUNCT
amfbr-132	326	17	&	&	CCONJ
amfbr-132	326	18	de	de	PROPN
amfbr-132	326	19	-	-	PROPN
amfbr-132	326	20	angelo	angelo	PROPN
amfbr-132	326	21	,	,	PUNCT
amfbr-132	326	22	l.	l.	PROPN
amfbr-132	326	23	(	(	PUNCT
amfbr-132	326	24	2006	2006	NUM
amfbr-132	326	25	)	)	PUNCT
amfbr-132	326	26	.	.	PUNCT
amfbr-132	327	1	the	the	DET
amfbr-132	327	2	irrelevance	irrelevance	NOUN
amfbr-132	327	3	of	of	ADP
amfbr-132	327	4	the	the	DET
amfbr-132	327	5	mm	mm	PROPN
amfbr-132	327	6	dividend	dividend	NOUN
amfbr-132	327	7	irrelevance	irrelevance	NOUN
amfbr-132	327	8	theorem	theorem	PROPN
amfbr-132	327	9	.	.	PROPN
amfbr-132	327	10	journal	journal	PROPN
amfbr-132	327	11	of	of	ADP
amfbr-132	327	12	financial	financial	ADJ
amfbr-132	327	13	economics	economic	NOUN
amfbr-132	327	14	,	,	PUNCT
amfbr-132	327	15	79(2	79(2	NOUN
amfbr-132	327	16	)	)	PUNCT
amfbr-132	327	17	,	,	PUNCT
amfbr-132	327	18	293	293	NUM
amfbr-132	327	19	-	-	SYM
amfbr-132	327	20	315	315	NUM
amfbr-132	327	21	.	.	PUNCT
amfbr-132	328	1	edward	edward	PROPN
amfbr-132	328	2	,	,	PUNCT
amfbr-132	328	3	a.b	a.b	PROPN
amfbr-132	328	4	.	.	PROPN
amfbr-132	328	5	(	(	PUNCT
amfbr-132	328	6	2014	2014	NUM
amfbr-132	328	7	)	)	PUNCT
amfbr-132	328	8	.	.	PUNCT
amfbr-132	329	1	the	the	DET
amfbr-132	329	2	impact	impact	NOUN
amfbr-132	329	3	of	of	ADP
amfbr-132	329	4	dividend	dividend	NOUN
amfbr-132	329	5	payment	payment	NOUN
amfbr-132	329	6	on	on	ADP
amfbr-132	329	7	share	share	NOUN
amfbr-132	329	8	prices	price	NOUN
amfbr-132	329	9	of	of	ADP
amfbr-132	329	10	some	some	DET
amfbr-132	329	11	selected	select	VERB
amfbr-132	329	12	listed	list	VERB
amfbr-132	329	13	companies	company	NOUN
amfbr-132	329	14	on	on	ADP
amfbr-132	329	15	the	the	DET
amfbr-132	329	16	ghana	ghana	PROPN
amfbr-132	329	17	stock	stock	PROPN
amfbr-132	329	18	exchange	exchange	PROPN
amfbr-132	329	19	.	.	PUNCT
amfbr-132	330	1	international	international	ADJ
amfbr-132	330	2	journal	journal	PROPN
amfbr-132	330	3	of	of	ADP
amfbr-132	330	4	humanities	humanity	NOUN
amfbr-132	330	5	and	and	CCONJ
amfbr-132	330	6	social	social	ADJ
amfbr-132	330	7	sciences	science	NOUN
amfbr-132	330	8	,	,	PUNCT
amfbr-132	330	9	4(1	4(1	NOUN
amfbr-132	330	10	)	)	PUNCT
amfbr-132	330	11	,	,	PUNCT
amfbr-132	330	12	179	179	NUM
amfbr-132	330	13	-	-	SYM
amfbr-132	330	14	190	190	NUM
amfbr-132	330	15	egbeonu	egbeonu	NOUN
amfbr-132	330	16	,	,	PUNCT
amfbr-132	330	17	o.c	o.c	PROPN
amfbr-132	330	18	.	.	PROPN
amfbr-132	330	19	,	,	PUNCT
amfbr-132	330	20	edori	edori	PROPN
amfbr-132	330	21	,	,	PUNCT
amfbr-132	330	22	i.s	i.s	PROPN
amfbr-132	330	23	.	.	PROPN
amfbr-132	330	24	,	,	PUNCT
amfbr-132	330	25	&	&	CCONJ
amfbr-132	330	26	edori	edori	PROPN
amfbr-132	330	27	,	,	PUNCT
amfbr-132	330	28	d.s	d.s	PROPN
amfbr-132	330	29	.	.	PROPN
amfbr-132	330	30	(	(	PUNCT
amfbr-132	330	31	2016	2016	NUM
amfbr-132	330	32	)	)	PUNCT
amfbr-132	330	33	.	.	PUNCT
amfbr-132	331	1	effect	effect	NOUN
amfbr-132	331	2	of	of	ADP
amfbr-132	331	3	dividend	dividend	NOUN
amfbr-132	331	4	policy	policy	NOUN
amfbr-132	331	5	on	on	ADP
amfbr-132	331	6	the	the	DET
amfbr-132	331	7	value	value	NOUN
amfbr-132	331	8	of	of	ADP
amfbr-132	331	9	firms	firm	NOUN
amfbr-132	331	10	:	:	PUNCT
amfbr-132	331	11	empirical	empirical	ADJ
amfbr-132	331	12	study	study	NOUN
amfbr-132	331	13	of	of	ADP
amfbr-132	331	14	quoted	quote	VERB
amfbr-132	331	15	firms	firm	NOUN
amfbr-132	331	16	in	in	ADP
amfbr-132	331	17	nigeria	nigeria	PROPN
amfbr-132	331	18	stock	stock	PROPN
amfbr-132	331	19	exchange	exchange	PROPN
amfbr-132	331	20	.	.	PUNCT
amfbr-132	332	1	research	research	NOUN
amfbr-132	332	2	journal	journal	PROPN
amfbr-132	332	3	of	of	ADP
amfbr-132	332	4	finance	finance	NOUN
amfbr-132	332	5	and	and	CCONJ
amfbr-132	332	6	accounting	accounting	NOUN
amfbr-132	332	7	,	,	PUNCT
amfbr-132	332	8	7(3	7(3	NUM
amfbr-132	332	9	)	)	PUNCT
amfbr-132	332	10	,	,	PUNCT
amfbr-132	332	11	17	17	NUM
amfbr-132	332	12	-	-	SYM
amfbr-132	332	13	24	24	NUM
amfbr-132	332	14	fields	field	NOUN
amfbr-132	332	15	,	,	PUNCT
amfbr-132	332	16	a.	a.	NOUN
amfbr-132	332	17	(	(	PUNCT
amfbr-132	332	18	2012	2012	NUM
amfbr-132	332	19	)	)	PUNCT
amfbr-132	332	20	.	.	PUNCT
amfbr-132	333	1	discovering	discover	VERB
amfbr-132	333	2	statistics	statistic	NOUN
amfbr-132	333	3	using	use	VERB
amfbr-132	333	4	ibm	ibm	PROPN
amfbr-132	333	5	spss	spss	PROPN
amfbr-132	333	6	statistics	statistic	NOUN
amfbr-132	333	7	.	.	PUNCT
amfbr-132	334	1	london	london	PROPN
amfbr-132	334	2	,	,	PUNCT
amfbr-132	334	3	sage	sage	NOUN
amfbr-132	334	4	publications	publication	NOUN
amfbr-132	334	5	limited	limit	VERB
amfbr-132	334	6	.	.	PUNCT
amfbr-132	335	1	…	…	PUNCT
amfbr-132	335	2	…	…	SYM
amfbr-132	335	3	……	……	NOUN
amfbr-132	335	4	..	..	PUNCT
amfbr-132	335	5	(	(	PUNCT
amfbr-132	335	6	2013	2013	NUM
amfbr-132	335	7	)	)	PUNCT
amfbr-132	335	8	.	.	PUNCT
amfbr-132	336	1	discovering	discover	VERB
amfbr-132	336	2	statistics	statistic	NOUN
amfbr-132	336	3	using	use	VERB
amfbr-132	336	4	ibm	ibm	PROPN
amfbr-132	336	5	spss	spss	PROPN
amfbr-132	336	6	statistics	statistic	NOUN
amfbr-132	336	7	(	(	PUNCT
amfbr-132	336	8	4th	4th	ADJ
amfbr-132	336	9	edition	edition	PROPN
amfbr-132	336	10	)	)	PUNCT
amfbr-132	336	11	london	london	PROPN
amfbr-132	336	12	,	,	PUNCT
amfbr-132	336	13	u.k	u.k	PROPN
amfbr-132	336	14	:	:	PUNCT
amfbr-132	336	15	sage	sage	NOUN
amfbr-132	336	16	publication	publication	NOUN
amfbr-132	336	17	limited	limit	VERB
amfbr-132	336	18	.	.	PUNCT
amfbr-132	337	1	franc	franc	NOUN
amfbr-132	337	2	-	-	PUNCT
amfbr-132	337	3	dabrowska	dabrowska	NOUN
amfbr-132	337	4	,	,	PUNCT
amfbr-132	337	5	j.	j.	PROPN
amfbr-132	337	6	(	(	PUNCT
amfbr-132	337	7	2009	2009	NUM
amfbr-132	337	8	)	)	PUNCT
amfbr-132	337	9	.	.	PUNCT
amfbr-132	338	1	does	do	AUX
amfbr-132	338	2	dividend	dividend	VERB
amfbr-132	338	3	policy	policy	NOUN
amfbr-132	338	4	follow	follow	VERB
amfbr-132	338	5	the	the	DET
amfbr-132	338	6	capital	capital	NOUN
amfbr-132	338	7	structure	structure	NOUN
amfbr-132	338	8	theory	theory	NOUN
amfbr-132	338	9	?	?	PUNCT
amfbr-132	339	1	managing	manage	VERB
amfbr-132	339	2	global	global	ADJ
amfbr-132	339	3	transitions	transition	NOUN
amfbr-132	339	4	,	,	PUNCT
amfbr-132	339	5	7(4	7(4	NUM
amfbr-132	339	6	)	)	PUNCT
amfbr-132	339	7	,	,	PUNCT
amfbr-132	339	8	367	367	NUM
amfbr-132	339	9	-	-	SYM
amfbr-132	339	10	382	382	NUM
amfbr-132	339	11	.	.	PUNCT
amfbr-132	340	1	hakeem	hakeem	PROPN
amfbr-132	340	2	,	,	PUNCT
amfbr-132	340	3	s.a	s.a	PROPN
amfbr-132	340	4	.	.	PROPN
amfbr-132	340	5	,	,	PUNCT
amfbr-132	340	6	&	&	CCONJ
amfbr-132	340	7	bambale	bambale	PROPN
amfbr-132	340	8	,	,	PUNCT
amfbr-132	340	9	a.j	a.j	PROPN
amfbr-132	340	10	.	.	PROPN
amfbr-132	341	1	(	(	PUNCT
amfbr-132	341	2	2016).mediating	2016).mediating	NUM
amfbr-132	341	3	effect	effect	NOUN
amfbr-132	341	4	of	of	ADP
amfbr-132	341	5	liquidity	liquidity	NOUN
amfbr-132	341	6	on	on	ADP
amfbr-132	341	7	firm	firm	ADJ
amfbr-132	341	8	performance	performance	NOUN
amfbr-132	341	9	and	and	CCONJ
amfbr-132	341	10	dividend	dividend	NOUN
amfbr-132	341	11	payout	payout	NOUN
amfbr-132	341	12	of	of	ADP
amfbr-132	341	13	listed	list	VERB
amfbr-132	341	14	manufacturing	manufacturing	NOUN
amfbr-132	341	15	companies	company	NOUN
amfbr-132	341	16	in	in	ADP
amfbr-132	341	17	nigeria	nigeria	PROPN
amfbr-132	341	18	.	.	PUNCT
amfbr-132	342	1	journal	journal	PROPN
amfbr-132	342	2	of	of	ADP
amfbr-132	342	3	economics	economics	PROPN
amfbr-132	342	4	development	development	PROPN
amfbr-132	342	5	,	,	PUNCT
amfbr-132	342	6	management	management	NOUN
amfbr-132	342	7	,	,	PUNCT
amfbr-132	342	8	it	it	PRON
amfbr-132	342	9	,	,	PUNCT
amfbr-132	342	10	finance	finance	NOUN
amfbr-132	342	11	and	and	CCONJ
amfbr-132	342	12	marketing	marketing	NOUN
amfbr-132	342	13	,	,	PUNCT
amfbr-132	342	14	8(1	8(1	NOUN
amfbr-132	342	15	)	)	PUNCT
amfbr-132	342	16	,	,	PUNCT
amfbr-132	342	17	15	15	NUM
amfbr-132	342	18	-	-	SYM
amfbr-132	342	19	35	35	NUM
amfbr-132	342	20	.	.	PUNCT
amfbr-132	343	1	huda	huda	PROPN
amfbr-132	343	2	,	,	PUNCT
amfbr-132	343	3	f.	f.	PROPN
amfbr-132	343	4	,	,	PUNCT
amfbr-132	343	5	&	&	CCONJ
amfbr-132	343	6	farah	farah	PROPN
amfbr-132	343	7	,	,	PUNCT
amfbr-132	343	8	t.	t.	PROPN
amfbr-132	343	9	(	(	PUNCT
amfbr-132	343	10	2011	2011	NUM
amfbr-132	343	11	)	)	PUNCT
amfbr-132	343	12	.	.	PUNCT
amfbr-132	344	1	determinants	determinant	NOUN
amfbr-132	344	2	of	of	ADP
amfbr-132	344	3	dividend	dividend	NOUN
amfbr-132	344	4	decision	decision	NOUN
amfbr-132	344	5	:	:	PUNCT
amfbr-132	344	6	a	a	DET
amfbr-132	344	7	focus	focus	NOUN
amfbr-132	344	8	on	on	ADP
amfbr-132	344	9	banking	banking	NOUN
amfbr-132	344	10	sector	sector	NOUN
amfbr-132	344	11	in	in	ADP
amfbr-132	344	12	bangladesh	bangladesh	PROPN
amfbr-132	344	13	.	.	PUNCT
amfbr-132	345	1	international	international	ADJ
amfbr-132	345	2	research	research	PROPN
amfbr-132	345	3	journal	journal	NOUN
amfbr-132	345	4	of	of	ADP
amfbr-132	345	5	finance	finance	NOUN
amfbr-132	345	6	and	and	CCONJ
amfbr-132	345	7	economics	economic	NOUN
amfbr-132	345	8	,	,	PUNCT
amfbr-132	345	9	77	77	NUM
amfbr-132	345	10	,	,	PUNCT
amfbr-132	345	11	33	33	NUM
amfbr-132	345	12	-	-	SYM
amfbr-132	345	13	46	46	NUM
amfbr-132	345	14	husan	husan	NOUN
amfbr-132	345	15	-	-	PUNCT
amfbr-132	345	16	aldin	aldin	NOUN
amfbr-132	345	17	,	,	PUNCT
amfbr-132	345	18	n.a	n.a	PROPN
amfbr-132	345	19	.	.	PROPN
amfbr-132	345	20	,	,	PUNCT
amfbr-132	345	21	rafforty	rafforty	PROPN
amfbr-132	345	22	m	m	PROPN
amfbr-132	345	23	,	,	PUNCT
amfbr-132	345	24	and	and	CCONJ
amfbr-132	345	25	pillqar	pillqar	PROPN
amfbr-132	345	26	,	,	PUNCT
amfbr-132	345	27	r.	r.	PROPN
amfbr-132	345	28	(	(	PUNCT
amfbr-132	345	29	2010	2010	NUM
amfbr-132	345	30	)	)	PUNCT
amfbr-132	345	31	.	.	PUNCT
amfbr-132	346	1	dividend	dividend	NOUN
amfbr-132	346	2	policy	policy	NOUN
amfbr-132	346	3	:	:	PUNCT
amfbr-132	346	4	a	a	DET
amfbr-132	346	5	review	review	NOUN
amfbr-132	346	6	of	of	ADP
amfbr-132	346	7	theories	theory	NOUN
amfbr-132	346	8	and	and	CCONJ
amfbr-132	346	9	empirical	empirical	ADJ
amfbr-132	346	10	evidence	evidence	NOUN
amfbr-132	346	11	,	,	PUNCT
amfbr-132	346	12	international	international	ADJ
amfbr-132	346	13	bulletin	bulletin	NOUN
amfbr-132	346	14	of	of	ADP
amfbr-132	346	15	business	business	NOUN
amfbr-132	346	16	administration	administration	NOUN
amfbr-132	346	17	,	,	PUNCT
amfbr-132	346	18	9	9	NUM
amfbr-132	346	19	,	,	PUNCT
amfbr-132	346	20	171	171	NUM
amfbr-132	346	21	-	-	SYM
amfbr-132	346	22	200	200	NUM
amfbr-132	346	23	.	.	PUNCT
amfbr-132	347	1	iftikhar	iftikhar	PROPN
amfbr-132	347	2	,	,	PUNCT
amfbr-132	347	3	a.b	a.b	PROPN
amfbr-132	347	4	.	.	PROPN
amfbr-132	347	5	,	,	PUNCT
amfbr-132	347	6	raja	raja	PROPN
amfbr-132	347	7	,	,	PUNCT
amfbr-132	347	8	n.j	n.j	PROPN
amfbr-132	347	9	.	.	PROPN
amfbr-132	347	10	,	,	PUNCT
amfbr-132	347	11	&	&	CCONJ
amfbr-132	347	12	sehran	sehran	PROPN
amfbr-132	347	13	,	,	PUNCT
amfbr-132	347	14	k.n	k.n	PROPN
amfbr-132	347	15	.	.	PROPN
amfbr-132	347	16	(	(	PUNCT
amfbr-132	347	17	2017	2017	NUM
amfbr-132	347	18	)	)	PUNCT
amfbr-132	347	19	.	.	PUNCT
amfbr-132	348	1	impact	impact	NOUN
amfbr-132	348	2	of	of	ADP
amfbr-132	348	3	dividend	dividend	NOUN
amfbr-132	348	4	policy	policy	NOUN
amfbr-132	348	5	on	on	ADP
amfbr-132	348	6	stock	stock	NOUN
amfbr-132	348	7	prices	price	NOUN
amfbr-132	348	8	of	of	ADP
amfbr-132	348	9	firms	firm	NOUN
amfbr-132	348	10	.	.	PUNCT
amfbr-132	349	1	international	international	ADJ
amfbr-132	349	2	scientific	scientific	ADJ
amfbr-132	349	3	journal	journal	NOUN
amfbr-132	349	4	theoretical	theoretical	ADJ
amfbr-132	349	5	and	and	CCONJ
amfbr-132	349	6	applied	apply	VERB
amfbr-132	349	7	science	science	NOUN
amfbr-132	349	8	,	,	PUNCT
amfbr-132	349	9	3(47	3(47	NUM
amfbr-132	349	10	)	)	PUNCT
amfbr-132	349	11	,	,	PUNCT
amfbr-132	349	12	32	32	NUM
amfbr-132	349	13	-	-	SYM
amfbr-132	349	14	37	37	NUM
amfbr-132	349	15	.	.	PUNCT
amfbr-132	350	1	iqbal	iqbal	PROPN
amfbr-132	350	2	,	,	PUNCT
amfbr-132	350	3	a.	a.	PROPN
amfbr-132	350	4	,	,	PUNCT
amfbr-132	350	5	ahmed	ahmed	PROPN
amfbr-132	350	6	,	,	PUNCT
amfbr-132	350	7	f.	f.	PROPN
amfbr-132	350	8	,	,	PUNCT
amfbr-132	350	9	&	&	CCONJ
amfbr-132	350	10	shafi	shafi	PROPN
amfbr-132	350	11	,	,	PUNCT
amfbr-132	350	12	a.r	a.r	PROPN
amfbr-132	350	13	.	.	PROPN
amfbr-132	350	14	(	(	PUNCT
amfbr-132	350	15	2014	2014	NUM
amfbr-132	350	16	)	)	PUNCT
amfbr-132	350	17	.	.	PUNCT
amfbr-132	351	1	the	the	DET
amfbr-132	351	2	effect	effect	NOUN
amfbr-132	351	3	of	of	ADP
amfbr-132	351	4	dividend	dividend	NOUN
amfbr-132	351	5	bubble	bubble	NOUN
amfbr-132	351	6	on	on	ADP
amfbr-132	351	7	share	share	NOUN
amfbr-132	351	8	price	price	NOUN
amfbr-132	351	9	:	:	PUNCT
amfbr-132	351	10	evidence	evidence	NOUN
amfbr-132	351	11	from	from	ADP
amfbr-132	351	12	kse-30	kse-30	DET
amfbr-132	351	13	index	index	NOUN
amfbr-132	351	14	.	.	PUNCT
amfbr-132	352	1	research	research	NOUN
amfbr-132	352	2	journal	journal	PROPN
amfbr-132	352	3	of	of	ADP
amfbr-132	352	4	finance	finance	NOUN
amfbr-132	352	5	and	and	CCONJ
amfbr-132	352	6	accounting	accounting	NOUN
amfbr-132	352	7	,	,	PUNCT
amfbr-132	352	8	5(13	5(13	NUM
amfbr-132	352	9	)	)	PUNCT
amfbr-132	352	10	,	,	PUNCT
amfbr-132	352	11	83	83	NUM
amfbr-132	352	12	-	-	SYM
amfbr-132	352	13	87	87	NUM
amfbr-132	352	14	inyiama	inyiama	NOUN
amfbr-132	352	15	,	,	PUNCT
amfbr-132	352	16	o.i	o.i	PROPN
amfbr-132	352	17	.	.	PROPN
amfbr-132	352	18	,	,	PUNCT
amfbr-132	352	19	&	&	CCONJ
amfbr-132	352	20	ugah	ugah	PROPN
amfbr-132	352	21	,	,	PUNCT
amfbr-132	352	22	h.	h.	PROPN
amfbr-132	352	23	(	(	PUNCT
amfbr-132	352	24	2015	2015	NUM
amfbr-132	352	25	)	)	PUNCT
amfbr-132	352	26	.	.	PUNCT
amfbr-132	353	1	interactions	interaction	NOUN
amfbr-132	353	2	between	between	ADP
amfbr-132	353	3	earnings	earning	NOUN
amfbr-132	353	4	and	and	CCONJ
amfbr-132	353	5	dividend	dividend	NOUN
amfbr-132	353	6	payout	payout	NOUN
amfbr-132	353	7	rate	rate	NOUN
amfbr-132	353	8	in	in	ADP
amfbr-132	353	9	the	the	DET
amfbr-132	353	10	oil	oil	NOUN
amfbr-132	353	11	and	and	CCONJ
amfbr-132	353	12	gas	gas	NOUN
amfbr-132	353	13	sector	sector	NOUN
amfbr-132	353	14	:	:	PUNCT
amfbr-132	353	15	evidence	evidence	NOUN
amfbr-132	353	16	from	from	ADP
amfbr-132	353	17	nigeria	nigeria	PROPN
amfbr-132	353	18	(	(	PUNCT
amfbr-132	353	19	2004	2004	NUM
amfbr-132	353	20	-	-	SYM
amfbr-132	353	21	2014	2014	NUM
amfbr-132	353	22	)	)	PUNCT
amfbr-132	353	23	.	.	PUNCT
amfbr-132	354	1	international	international	ADJ
amfbr-132	354	2	journal	journal	PROPN
amfbr-132	354	3	of	of	ADP
amfbr-132	354	4	finance	finance	NOUN
amfbr-132	354	5	and	and	CCONJ
amfbr-132	354	6	accounting	accounting	NOUN
amfbr-132	354	7	,	,	PUNCT
amfbr-132	354	8	4(5	4(5	PROPN
amfbr-132	354	9	)	)	PUNCT
amfbr-132	354	10	,	,	PUNCT
amfbr-132	354	11	253	253	NUM
amfbr-132	354	12	-	-	SYM
amfbr-132	354	13	261	261	NUM
amfbr-132	354	14	james	jame	NOUN
amfbr-132	354	15	,	,	PUNCT
amfbr-132	354	16	l.r	l.r	PROPN
amfbr-132	354	17	.	.	PROPN
amfbr-132	354	18	,	,	PUNCT
amfbr-132	354	19	&	&	CCONJ
amfbr-132	354	20	brett	brett	PROPN
amfbr-132	354	21	,	,	PUNCT
amfbr-132	354	22	j.m	j.m	PROPN
amfbr-132	354	23	.	.	PROPN
amfbr-132	354	24	(	(	PUNCT
amfbr-132	354	25	1984	1984	NUM
amfbr-132	354	26	)	)	PUNCT
amfbr-132	354	27	.	.	PUNCT
amfbr-132	355	1	mediators	mediator	NOUN
amfbr-132	355	2	,	,	PUNCT
amfbr-132	355	3	moderators	moderator	NOUN
amfbr-132	355	4	and	and	CCONJ
amfbr-132	355	5	tests	test	NOUN
amfbr-132	355	6	for	for	ADP
amfbr-132	355	7	mediation	mediation	NOUN
amfbr-132	355	8	.	.	PUNCT
amfbr-132	356	1	journal	journal	PROPN
amfbr-132	356	2	of	of	ADP
amfbr-132	356	3	applied	apply	VERB
amfbr-132	356	4	psychology	psychology	NOUN
amfbr-132	356	5	,	,	PUNCT
amfbr-132	356	6	69	69	NUM
amfbr-132	356	7	,	,	PUNCT
amfbr-132	356	8	307321	307321	NUM
amfbr-132	356	9	.	.	PUNCT
amfbr-132	357	1	judd	judd	PROPN
amfbr-132	357	2	,	,	PUNCT
amfbr-132	357	3	c.m	c.m	PROPN
amfbr-132	357	4	.	.	PROPN
amfbr-132	357	5	,	,	PUNCT
amfbr-132	357	6	&	&	CCONJ
amfbr-132	357	7	kenny	kenny	PROPN
amfbr-132	357	8	,	,	PUNCT
amfbr-132	357	9	d.a	d.a	PROPN
amfbr-132	357	10	.	.	PUNCT
amfbr-132	358	1	(	(	PUNCT
amfbr-132	358	2	1981).process	1981).process	NUM
amfbr-132	358	3	analysis	analysis	NOUN
amfbr-132	358	4	:	:	PUNCT
amfbr-132	358	5	estimating	estimate	VERB
amfbr-132	358	6	mediation	mediation	NOUN
amfbr-132	358	7	in	in	ADP
amfbr-132	358	8	treatment	treatment	NOUN
amfbr-132	358	9	evaluations	evaluation	NOUN
amfbr-132	358	10	.	.	PUNCT
amfbr-132	359	1	evaluation	evaluation	NOUN
amfbr-132	359	2	review	review	NOUN
amfbr-132	359	3	,	,	PUNCT
amfbr-132	359	4	5(5	5(5	NUM
amfbr-132	359	5	)	)	PUNCT
amfbr-132	359	6	,	,	PUNCT
amfbr-132	359	7	602	602	NUM
amfbr-132	359	8	-	-	SYM
amfbr-132	359	9	619	619	NUM
amfbr-132	359	10	.	.	PUNCT
amfbr-132	360	1	kanwal	kanwal	PROPN
amfbr-132	360	2	,	,	PUNCT
amfbr-132	360	3	i.k	i.k	PROPN
amfbr-132	360	4	.	.	PROPN
amfbr-132	360	5	(	(	PUNCT
amfbr-132	360	6	2012	2012	NUM
amfbr-132	360	7	)	)	PUNCT
amfbr-132	360	8	.	.	PUNCT
amfbr-132	361	1	effects	effect	NOUN
amfbr-132	361	2	of	of	ADP
amfbr-132	361	3	dividends	dividend	NOUN
amfbr-132	361	4	on	on	ADP
amfbr-132	361	5	stock	stock	NOUN
amfbr-132	361	6	prices	price	NOUN
amfbr-132	361	7	:	:	PUNCT
amfbr-132	361	8	a	a	DET
amfbr-132	361	9	case	case	NOUN
amfbr-132	361	10	of	of	ADP
amfbr-132	361	11	chemical	chemical	NOUN
amfbr-132	361	12	and	and	CCONJ
amfbr-132	361	13	pharmaceutical	pharmaceutical	NOUN
amfbr-132	361	14	industry	industry	NOUN
amfbr-132	361	15	of	of	ADP
amfbr-132	361	16	pakistan	pakistan	PROPN
amfbr-132	361	17	.	.	PUNCT
amfbr-132	362	1	journal	journal	PROPN
amfbr-132	362	2	of	of	ADP
amfbr-132	362	3	management	management	NOUN
amfbr-132	362	4	,	,	PUNCT
amfbr-132	362	5	2(5	2(5	NUM
amfbr-132	362	6	)	)	PUNCT
amfbr-132	362	7	,	,	PUNCT
amfbr-132	362	8	141	141	NUM
amfbr-132	362	9	-	-	SYM
amfbr-132	362	10	148	148	NUM
amfbr-132	362	11	.	.	PUNCT
amfbr-132	363	1	www.cribfb.com/journal/index.php/amfbr	www.cribfb.com/journal/index.php/amfbr	PROPN
amfbr-132	363	2	american	american	PROPN
amfbr-132	363	3	finance	finance	PROPN
amfbr-132	363	4	&	&	CCONJ
amfbr-132	363	5	banking	banking	PROPN
amfbr-132	363	6	review	review	PROPN
amfbr-132	363	7	vol	vol	NOUN
amfbr-132	363	8	.	.	PROPN
amfbr-132	364	1	2	2	NUM
amfbr-132	364	2	,	,	PUNCT
amfbr-132	364	3	no	no	INTJ
amfbr-132	364	4	.	.	NOUN
amfbr-132	364	5	2	2	NUM
amfbr-132	364	6	;	;	PUNCT
amfbr-132	364	7	2018	2018	NUM
amfbr-132	364	8	13	13	NUM
amfbr-132	364	9	khalid	khalid	PROPN
amfbr-132	364	10	,	,	PUNCT
amfbr-132	364	11	h.	h.	PROPN
amfbr-132	364	12	,	,	PUNCT
amfbr-132	364	13	chijioke	chijioke	NOUN
amfbr-132	364	14	,	,	PUNCT
amfbr-132	364	15	o.m	o.m	PROPN
amfbr-132	364	16	.	.	PROPN
amfbr-132	364	17	,	,	PUNCT
amfbr-132	364	18	&	&	CCONJ
amfbr-132	364	19	aruoriwo	aruoriwo	PROPN
amfbr-132	364	20	,	,	PUNCT
amfbr-132	364	21	m.c	m.c	PROPN
amfbr-132	364	22	.	.	PROPN
amfbr-132	364	23	(	(	PUNCT
amfbr-132	364	24	2010).dividend	2010).dividend	NUM
amfbr-132	364	25	policy	policy	NOUN
amfbr-132	364	26	and	and	CCONJ
amfbr-132	364	27	share	share	NOUN
amfbr-132	364	28	price	price	NOUN
amfbr-132	364	29	volatility	volatility	NOUN
amfbr-132	364	30	:	:	PUNCT
amfbr-132	364	31	united	united	PROPN
amfbr-132	364	32	kingdom	kingdom	PROPN
amfbr-132	364	33	evidence	evidence	NOUN
amfbr-132	364	34	.	.	PUNCT
amfbr-132	365	1	journal	journal	NOUN
amfbr-132	365	2	of	of	ADP
amfbr-132	365	3	risk	risk	NOUN
amfbr-132	365	4	finance	finance	NOUN
amfbr-132	365	5	,	,	PUNCT
amfbr-132	365	6	12(1	12(1	NUM
amfbr-132	365	7	)	)	PUNCT
amfbr-132	365	8	,	,	PUNCT
amfbr-132	365	9	57	57	NUM
amfbr-132	365	10	-	-	SYM
amfbr-132	365	11	68	68	NUM
amfbr-132	365	12	khan	khan	PROPN
amfbr-132	365	13	,	,	PUNCT
amfbr-132	365	14	k.i	k.i	PROPN
amfbr-132	365	15	.	.	PUNCT
amfbr-132	365	16	(	(	PUNCT
amfbr-132	365	17	2012	2012	NUM
amfbr-132	365	18	)	)	PUNCT
amfbr-132	365	19	.	.	PUNCT
amfbr-132	366	1	effect	effect	NOUN
amfbr-132	366	2	of	of	ADP
amfbr-132	366	3	dividends	dividend	NOUN
amfbr-132	366	4	on	on	ADP
amfbr-132	366	5	stock	stock	NOUN
amfbr-132	366	6	prices	price	NOUN
amfbr-132	366	7	–	–	PUNCT
amfbr-132	366	8	a	a	DET
amfbr-132	366	9	case	case	NOUN
amfbr-132	366	10	of	of	ADP
amfbr-132	366	11	chemical	chemical	NOUN
amfbr-132	366	12	and	and	CCONJ
amfbr-132	366	13	pharmaceutical	pharmaceutical	NOUN
amfbr-132	366	14	industry	industry	NOUN
amfbr-132	366	15	of	of	ADP
amfbr-132	366	16	pakistan	pakistan	PROPN
amfbr-132	366	17	.	.	PUNCT
amfbr-132	367	1	journal	journal	PROPN
amfbr-132	367	2	of	of	ADP
amfbr-132	367	3	management	management	NOUN
amfbr-132	367	4	,	,	PUNCT
amfbr-132	367	5	2(5	2(5	NUM
amfbr-132	367	6	)	)	PUNCT
amfbr-132	367	7	,	,	PUNCT
amfbr-132	367	8	141	141	NUM
amfbr-132	367	9	-	-	SYM
amfbr-132	367	10	148	148	NUM
amfbr-132	367	11	.	.	PUNCT
amfbr-132	367	12	available	available	ADJ
amfbr-132	367	13	at	at	ADP
amfbr-132	367	14	doi	doi	NOUN
amfbr-132	367	15	:	:	PUNCT
amfbr-132	367	16	10.5923	10.5923	NUM
amfbr-132	367	17	/	/	SYM
amfbr-132	367	18	j.mm.20120205.02	j.mm.20120205.02	ADJ
amfbr-132	367	19	.	.	PUNCT
amfbr-132	368	1	lintner	lintner	PROPN
amfbr-132	368	2	,	,	PUNCT
amfbr-132	368	3	j.	j.	PROPN
amfbr-132	368	4	(	(	PUNCT
amfbr-132	368	5	1956	1956	NUM
amfbr-132	368	6	)	)	PUNCT
amfbr-132	368	7	.	.	PUNCT
amfbr-132	369	1	distribution	distribution	NOUN
amfbr-132	369	2	of	of	ADP
amfbr-132	369	3	income	income	NOUN
amfbr-132	369	4	among	among	ADP
amfbr-132	369	5	dividends	dividend	NOUN
amfbr-132	369	6	retained	retain	VERB
amfbr-132	369	7	earnings	earning	NOUN
amfbr-132	369	8	and	and	CCONJ
amfbr-132	369	9	taxes	taxis	NOUN
amfbr-132	369	10	.	.	PUNCT
amfbr-132	370	1	american	american	PROPN
amfbr-132	370	2	economic	economic	PROPN
amfbr-132	370	3	review	review	PROPN
amfbr-132	370	4	,	,	PUNCT
amfbr-132	370	5	46(2	46(2	NOUN
amfbr-132	370	6	)	)	PUNCT
amfbr-132	370	7	97	97	NUM
amfbr-132	370	8	-	-	SYM
amfbr-132	370	9	113	113	NUM
amfbr-132	370	10	.	.	PUNCT
amfbr-132	371	1	majanga	majanga	PROPN
amfbr-132	371	2	,	,	PUNCT
amfbr-132	371	3	b.b	b.b	PROPN
amfbr-132	371	4	.	.	PROPN
amfbr-132	371	5	(	(	PUNCT
amfbr-132	371	6	2015	2015	NUM
amfbr-132	371	7	)	)	PUNCT
amfbr-132	371	8	.	.	PUNCT
amfbr-132	372	1	the	the	DET
amfbr-132	372	2	dividend	dividend	NOUN
amfbr-132	372	3	effect	effect	NOUN
amfbr-132	372	4	on	on	ADP
amfbr-132	372	5	stock	stock	NOUN
amfbr-132	372	6	price	price	NOUN
amfbr-132	372	7	:	:	PUNCT
amfbr-132	372	8	an	an	DET
amfbr-132	372	9	empirical	empirical	ADJ
amfbr-132	372	10	analysis	analysis	NOUN
amfbr-132	372	11	of	of	ADP
amfbr-132	372	12	malawi	malawi	PROPN
amfbr-132	372	13	listed	list	VERB
amfbr-132	372	14	companies	company	NOUN
amfbr-132	372	15	.	.	PUNCT
amfbr-132	373	1	accounting	accounting	NOUN
amfbr-132	373	2	and	and	CCONJ
amfbr-132	373	3	finance	finance	NOUN
amfbr-132	373	4	research	research	NOUN
amfbr-132	373	5	journal	journal	NOUN
amfbr-132	373	6	,	,	PUNCT
amfbr-132	373	7	4(3	4(3	NUM
amfbr-132	373	8	)	)	PUNCT
amfbr-132	373	9	,	,	PUNCT
amfbr-132	373	10	99	99	NUM
amfbr-132	373	11	-	-	SYM
amfbr-132	373	12	105	105	NUM
amfbr-132	373	13	.	.	PUNCT
amfbr-132	374	1	www.sciedupress.com/afr	www.sciedupress.com/afr	PROPN
amfbr-132	374	2	miller	miller	PROPN
amfbr-132	374	3	,	,	PUNCT
amfbr-132	374	4	m.	m.	NOUN
amfbr-132	374	5	,	,	PUNCT
amfbr-132	374	6	&	&	CCONJ
amfbr-132	374	7	modigliani	modigliani	PROPN
amfbr-132	374	8	,	,	PUNCT
amfbr-132	374	9	f.	f.	PROPN
amfbr-132	374	10	(	(	PUNCT
amfbr-132	374	11	1961	1961	NUM
amfbr-132	374	12	)	)	PUNCT
amfbr-132	374	13	.	.	PUNCT
amfbr-132	375	1	dividend	dividend	NOUN
amfbr-132	375	2	policy	policy	NOUN
amfbr-132	375	3	,	,	PUNCT
amfbr-132	375	4	growth	growth	NOUN
amfbr-132	375	5	and	and	CCONJ
amfbr-132	375	6	the	the	DET
amfbr-132	375	7	valuation	valuation	NOUN
amfbr-132	375	8	of	of	ADP
amfbr-132	375	9	shares	share	NOUN
amfbr-132	375	10	.	.	PUNCT
amfbr-132	376	1	journal	journal	NOUN
amfbr-132	376	2	of	of	ADP
amfbr-132	376	3	business	business	NOUN
amfbr-132	376	4	,	,	PUNCT
amfbr-132	376	5	34(4	34(4	NUM
amfbr-132	376	6	)	)	PUNCT
amfbr-132	376	7	,	,	PUNCT
amfbr-132	376	8	411	411	NUM
amfbr-132	376	9	-	-	SYM
amfbr-132	376	10	433	433	NUM
amfbr-132	376	11	.	.	PUNCT
amfbr-132	377	1	musa	musa	PROPN
amfbr-132	377	2	,	,	PUNCT
amfbr-132	377	3	i.f	i.f	PROPN
amfbr-132	377	4	.	.	PUNCT
amfbr-132	378	1	(	(	PUNCT
amfbr-132	378	2	2009).the	2009).the	NUM
amfbr-132	378	3	dividend	dividend	NOUN
amfbr-132	378	4	policy	policy	NOUN
amfbr-132	378	5	of	of	ADP
amfbr-132	378	6	firms	firm	NOUN
amfbr-132	378	7	quoted	quote	VERB
amfbr-132	378	8	on	on	ADP
amfbr-132	378	9	the	the	DET
amfbr-132	378	10	nigerian	nigerian	ADJ
amfbr-132	378	11	stock	stock	NOUN
amfbr-132	378	12	exchange	exchange	PROPN
amfbr-132	378	13	:	:	PUNCT
amfbr-132	378	14	an	an	DET
amfbr-132	378	15	empirical	empirical	ADJ
amfbr-132	378	16	analysis	analysis	NOUN
amfbr-132	378	17	.	.	PUNCT
amfbr-132	379	1	african	african	ADJ
amfbr-132	379	2	journal	journal	PROPN
amfbr-132	379	3	of	of	ADP
amfbr-132	379	4	business	business	NOUN
amfbr-132	379	5	management	management	NOUN
amfbr-132	379	6	,	,	PUNCT
amfbr-132	379	7	3(10	3(10	NUM
amfbr-132	379	8	)	)	PUNCT
amfbr-132	379	9	,	,	PUNCT
amfbr-132	379	10	555	555	NUM
amfbr-132	379	11	-	-	SYM
amfbr-132	379	12	566	566	NUM
amfbr-132	379	13	.	.	PUNCT
amfbr-132	380	1	nnadi	nnadi	PROPN
amfbr-132	380	2	,	,	PUNCT
amfbr-132	380	3	m.a	m.a	PROPN
amfbr-132	380	4	.	.	PROPN
amfbr-132	380	5	,	,	PUNCT
amfbr-132	380	6	&	&	CCONJ
amfbr-132	380	7	akpomi	akpomi	PROPN
amfbr-132	380	8	,	,	PUNCT
amfbr-132	380	9	m.e	m.e	PROPN
amfbr-132	380	10	.	.	PROPN
amfbr-132	381	1	(	(	PUNCT
amfbr-132	381	2	2005).the	2005).the	DET
amfbr-132	381	3	effect	effect	NOUN
amfbr-132	381	4	of	of	ADP
amfbr-132	381	5	taxes	taxis	NOUN
amfbr-132	381	6	on	on	ADP
amfbr-132	381	7	dividend	dividend	NOUN
amfbr-132	381	8	policy	policy	NOUN
amfbr-132	381	9	of	of	ADP
amfbr-132	381	10	banks	bank	NOUN
amfbr-132	381	11	in	in	ADP
amfbr-132	381	12	nigeria	nigeria	PROPN
amfbr-132	381	13	.	.	PUNCT
amfbr-132	382	1	international	international	ADJ
amfbr-132	382	2	research	research	PROPN
amfbr-132	382	3	journal	journal	NOUN
amfbr-132	382	4	of	of	ADP
amfbr-132	382	5	finance	finance	NOUN
amfbr-132	382	6	and	and	CCONJ
amfbr-132	382	7	economics	economic	NOUN
amfbr-132	382	8	,	,	PUNCT
amfbr-132	382	9	19(1	19(1	NUM
amfbr-132	382	10	)	)	PUNCT
amfbr-132	382	11	,	,	PUNCT
amfbr-132	382	12	48	48	NUM
amfbr-132	382	13	-	-	SYM
amfbr-132	382	14	55	55	NUM
amfbr-132	382	15	.	.	PUNCT
amfbr-132	383	1	http://dx.doi.org/10.2139/ssrn	http://dx.doi.org/10.2139/ssrn	NOUN
amfbr-132	383	2	873828	873828	NUM
amfbr-132	383	3	oduwole	oduwole	NOUN
amfbr-132	383	4	,	,	PUNCT
amfbr-132	383	5	o.	o.	PROPN
amfbr-132	383	6	(	(	PUNCT
amfbr-132	383	7	2015).earnings	2015).earnings	NUM
amfbr-132	383	8	or	or	CCONJ
amfbr-132	383	9	dividends	dividend	NOUN
amfbr-132	383	10	,	,	PUNCT
amfbr-132	383	11	which	which	PRON
amfbr-132	383	12	had	have	VERB
amfbr-132	383	13	more	more	ADJ
amfbr-132	383	14	predictive	predictive	ADJ
amfbr-132	383	15	power	power	NOUN
amfbr-132	383	16	?	?	PUNCT
amfbr-132	384	1	research	research	NOUN
amfbr-132	384	2	journal	journal	NOUN
amfbr-132	384	3	of	of	ADP
amfbr-132	384	4	finance	finance	NOUN
amfbr-132	384	5	and	and	CCONJ
amfbr-132	384	6	accounting.6	accounting.6	PROPN
amfbr-132	384	7	(	(	PUNCT
amfbr-132	384	8	8)	8)	NUM
amfbr-132	384	9	,	,	PUNCT
amfbr-132	384	10	54	54	NUM
amfbr-132	384	11	–	–	SYM
amfbr-132	384	12	60	60	NUM
amfbr-132	384	13	.	.	PUNCT
amfbr-132	385	1	ojeme	ojeme	NOUN
amfbr-132	385	2	,	,	PUNCT
amfbr-132	385	3	s.	s.	PROPN
amfbr-132	385	4	,	,	PUNCT
amfbr-132	385	5	mamidu	mamidu	ADV
amfbr-132	385	6	,	,	PUNCT
amfbr-132	385	7	a.i	a.i	PROPN
amfbr-132	385	8	.	.	PROPN
amfbr-132	385	9	,	,	PUNCT
amfbr-132	385	10	&	&	CCONJ
amfbr-132	385	11	ojo	ojo	NOUN
amfbr-132	385	12	,	,	PUNCT
amfbr-132	385	13	j.a	j.a	PROPN
amfbr-132	385	14	.	.	PROPN
amfbr-132	385	15	,	,	PUNCT
amfbr-132	385	16	(	(	PUNCT
amfbr-132	385	17	2015).dividend	2015).dividend	NUM
amfbr-132	385	18	policy	policy	NOUN
amfbr-132	385	19	and	and	CCONJ
amfbr-132	385	20	shareholders	shareholder	NOUN
amfbr-132	385	21	’	'	PUNCT
amfbr-132	385	22	wealth	wealth	NOUN
amfbr-132	385	23	in	in	ADP
amfbr-132	385	24	nigerian	nigerian	PROPN
amfbr-132	385	25	quoted	quote	VERB
amfbr-132	385	26	banks	bank	NOUN
amfbr-132	385	27	.	.	PUNCT
amfbr-132	386	1	canadian	canadian	ADJ
amfbr-132	386	2	social	social	ADJ
amfbr-132	386	3	science	science	PROPN
amfbr-132	386	4	journal	journal	NOUN
amfbr-132	386	5	,	,	PUNCT
amfbr-132	386	6	11(1	11(1	NUM
amfbr-132	386	7	)	)	PUNCT
amfbr-132	386	8	,	,	PUNCT
amfbr-132	386	9	24	24	NUM
amfbr-132	386	10	-	-	SYM
amfbr-132	386	11	29	29	NUM
amfbr-132	386	12	.	.	PUNCT
amfbr-132	387	1	ordu	ordu	PROPN
amfbr-132	387	2	,	,	PUNCT
amfbr-132	387	3	m.m	m.m	PROPN
amfbr-132	387	4	.	.	PROPN
amfbr-132	387	5	,	,	PUNCT
amfbr-132	387	6	enekwe	enekwe	VERB
amfbr-132	387	7	,	,	PUNCT
amfbr-132	387	8	c.i	c.i	PROPN
amfbr-132	387	9	.	.	PROPN
amfbr-132	387	10	,	,	PUNCT
amfbr-132	387	11	&	&	CCONJ
amfbr-132	387	12	anyanwaokoro	anyanwaokoro	PROPN
amfbr-132	387	13	,	,	PUNCT
amfbr-132	387	14	m.	m.	NOUN
amfbr-132	387	15	(	(	PUNCT
amfbr-132	387	16	2014).effect	2014).effect	NUM
amfbr-132	387	17	of	of	ADP
amfbr-132	387	18	dividend	dividend	NOUN
amfbr-132	387	19	payment	payment	NOUN
amfbr-132	387	20	on	on	ADP
amfbr-132	387	21	the	the	DET
amfbr-132	387	22	market	market	NOUN
amfbr-132	387	23	price	price	NOUN
amfbr-132	387	24	of	of	ADP
amfbr-132	387	25	shares	share	NOUN
amfbr-132	387	26	:	:	PUNCT
amfbr-132	387	27	a	a	DET
amfbr-132	387	28	study	study	NOUN
amfbr-132	387	29	of	of	ADP
amfbr-132	387	30	quoted	quote	VERB
amfbr-132	387	31	firms	firm	NOUN
amfbr-132	387	32	in	in	ADP
amfbr-132	387	33	nigeria	nigeria	PROPN
amfbr-132	387	34	.	.	PUNCT
amfbr-132	388	1	iosr	iosr	PROPN
amfbr-132	388	2	journal	journal	PROPN
amfbr-132	388	3	of	of	ADP
amfbr-132	388	4	economics	economic	NOUN
amfbr-132	388	5	and	and	CCONJ
amfbr-132	388	6	finance	finance	NOUN
amfbr-132	388	7	,	,	PUNCT
amfbr-132	388	8	5(4	5(4	NUM
amfbr-132	388	9	)	)	PUNCT
amfbr-132	388	10	,	,	PUNCT
amfbr-132	388	11	49	49	NUM
amfbr-132	388	12	-	-	SYM
amfbr-132	388	13	62	62	NUM
amfbr-132	388	14	.	.	PUNCT
amfbr-132	389	1	oyinlola	oyinlola	PROPN
amfbr-132	389	2	,	,	PUNCT
amfbr-132	389	3	o.m	o.m	PROPN
amfbr-132	389	4	.	.	PROPN
amfbr-132	389	5	,	,	PUNCT
amfbr-132	389	6	&	&	CCONJ
amfbr-132	389	7	ajeigbe	ajeigbe	PROPN
amfbr-132	389	8	,	,	PUNCT
amfbr-132	389	9	k.b	k.b	PROPN
amfbr-132	389	10	.	.	PUNCT
amfbr-132	390	1	(	(	PUNCT
amfbr-132	390	2	2014).the	2014).the	DET
amfbr-132	390	3	impact	impact	NOUN
amfbr-132	390	4	of	of	ADP
amfbr-132	390	5	dividend	dividend	NOUN
amfbr-132	390	6	policy	policy	NOUN
amfbr-132	390	7	on	on	ADP
amfbr-132	390	8	stock	stock	NOUN
amfbr-132	390	9	prices	price	NOUN
amfbr-132	390	10	of	of	ADP
amfbr-132	390	11	quoted	quote	VERB
amfbr-132	390	12	firms	firm	NOUN
amfbr-132	390	13	in	in	ADP
amfbr-132	390	14	nigerian	nigerian	PROPN
amfbr-132	390	15	.	.	PUNCT
amfbr-132	391	1	international	international	ADJ
amfbr-132	391	2	journal	journal	PROPN
amfbr-132	391	3	of	of	ADP
amfbr-132	391	4	economics	economic	NOUN
amfbr-132	391	5	,	,	PUNCT
amfbr-132	391	6	commerce	commerce	NOUN
amfbr-132	391	7	and	and	CCONJ
amfbr-132	391	8	management	management	NOUN
amfbr-132	391	9	,	,	PUNCT
amfbr-132	391	10	2(9	2(9	NUM
amfbr-132	391	11	)	)	PUNCT
amfbr-132	391	12	,	,	PUNCT
amfbr-132	391	13	1	1	NUM
amfbr-132	391	14	-	-	SYM
amfbr-132	391	15	17	17	NUM
amfbr-132	391	16	.	.	PUNCT
amfbr-132	392	1	ozuomba	ozuomba	NOUN
amfbr-132	392	2	,	,	PUNCT
amfbr-132	392	3	c.n	c.n	PROPN
amfbr-132	392	4	,	,	PUNCT
amfbr-132	392	5	okaro	okaro	NOUN
amfbr-132	392	6	,	,	PUNCT
amfbr-132	392	7	s.c	s.c	PROPN
amfbr-132	392	8	.	.	PROPN
amfbr-132	392	9	,	,	PUNCT
amfbr-132	392	10	&	&	CCONJ
amfbr-132	392	11	okoye	okoye	PROPN
amfbr-132	392	12	p.v.c	p.v.c	PROPN
amfbr-132	392	13	.	.	PUNCT
amfbr-132	393	1	(	(	PUNCT
amfbr-132	393	2	2013	2013	NUM
amfbr-132	393	3	)	)	PUNCT
amfbr-132	393	4	.	.	PUNCT
amfbr-132	394	1	shareholders	shareholder	NOUN
amfbr-132	394	2	value	value	NOUN
amfbr-132	394	3	and	and	CCONJ
amfbr-132	394	4	firm	firm	NOUN
amfbr-132	394	5	’s	’s	PART
amfbr-132	394	6	dividend	dividend	NOUN
amfbr-132	394	7	policy	policy	NOUN
amfbr-132	394	8	:	:	PUNCT
amfbr-132	394	9	evidence	evidence	NOUN
amfbr-132	394	10	from	from	ADP
amfbr-132	394	11	public	public	ADJ
amfbr-132	394	12	companies	company	NOUN
amfbr-132	394	13	in	in	ADP
amfbr-132	394	14	nigeria	nigeria	PROPN
amfbr-132	394	15	.	.	PUNCT
amfbr-132	395	1	journal	journal	PROPN
amfbr-132	395	2	of	of	ADP
amfbr-132	395	3	management	management	NOUN
amfbr-132	395	4	sciences	science	NOUN
amfbr-132	395	5	,	,	PUNCT
amfbr-132	395	6	2(12	2(12	NUM
amfbr-132	395	7	)	)	PUNCT
amfbr-132	395	8	,	,	PUNCT
amfbr-132	395	9	26	26	NUM
amfbr-132	395	10	-	-	SYM
amfbr-132	395	11	28	28	NUM
amfbr-132	395	12	.	.	PUNCT
amfbr-132	396	1	preacher	preacher	PROPN
amfbr-132	396	2	,	,	PUNCT
amfbr-132	396	3	k.j	k.j	PROPN
amfbr-132	396	4	.	.	PROPN
amfbr-132	396	5	,	,	PUNCT
amfbr-132	396	6	&	&	CCONJ
amfbr-132	396	7	hayes	hayes	PROPN
amfbr-132	396	8	,	,	PUNCT
amfbr-132	396	9	a.f	a.f	PROPN
amfbr-132	396	10	.	.	PROPN
amfbr-132	396	11	(	(	PUNCT
amfbr-132	396	12	2004	2004	NUM
amfbr-132	396	13	)	)	PUNCT
amfbr-132	396	14	.	.	PUNCT
amfbr-132	397	1	spss	spss	PROPN
amfbr-132	397	2	&	&	CCONJ
amfbr-132	397	3	sas	sas	PROPN
amfbr-132	397	4	procedures	procedure	NOUN
amfbr-132	397	5	for	for	ADP
amfbr-132	397	6	estimating	estimate	VERB
amfbr-132	397	7	indirect	indirect	ADJ
amfbr-132	397	8	effects	effect	NOUN
amfbr-132	397	9	in	in	ADP
amfbr-132	397	10	simple	simple	ADJ
amfbr-132	397	11	mediation	mediation	NOUN
amfbr-132	397	12	models	model	NOUN
amfbr-132	397	13	.	.	PUNCT
amfbr-132	398	1	behaviour	behaviour	NOUN
amfbr-132	398	2	research	research	NOUN
amfbr-132	398	3	methods	method	NOUN
amfbr-132	398	4	,	,	PUNCT
amfbr-132	398	5	instruments	instrument	NOUN
amfbr-132	398	6	and	and	CCONJ
amfbr-132	398	7	computers	computer	NOUN
amfbr-132	398	8	,	,	PUNCT
amfbr-132	398	9	36(4	36(4	NUM
amfbr-132	398	10	)	)	PUNCT
amfbr-132	398	11	,	,	PUNCT
amfbr-132	398	12	717	717	NUM
amfbr-132	398	13	-	-	SYM
amfbr-132	398	14	731	731	NUM
amfbr-132	398	15	preacher	preacher	NOUN
amfbr-132	398	16	,	,	PUNCT
amfbr-132	398	17	k.j	k.j	PROPN
amfbr-132	398	18	.	.	PROPN
amfbr-132	398	19	,	,	PUNCT
amfbr-132	398	20	&	&	CCONJ
amfbr-132	398	21	kelly	kelly	PROPN
amfbr-132	398	22	,	,	PUNCT
amfbr-132	398	23	k.	k.	PROPN
amfbr-132	398	24	(	(	PUNCT
amfbr-132	398	25	2011	2011	NUM
amfbr-132	398	26	)	)	PUNCT
amfbr-132	398	27	.	.	PUNCT
amfbr-132	399	1	effect	effect	NOUN
amfbr-132	399	2	size	size	NOUN
amfbr-132	399	3	measures	measure	NOUN
amfbr-132	399	4	for	for	ADP
amfbr-132	399	5	mediation	mediation	NOUN
amfbr-132	399	6	models	model	NOUN
amfbr-132	399	7	:	:	PUNCT
amfbr-132	399	8	quantitative	quantitative	ADJ
amfbr-132	399	9	strategies	strategy	NOUN
amfbr-132	399	10	for	for	ADP
amfbr-132	399	11	communicating	communicate	VERB
amfbr-132	399	12	indirect	indirect	ADJ
amfbr-132	399	13	effects	effect	NOUN
amfbr-132	399	14	.	.	PUNCT
amfbr-132	400	1	psychological	psychological	ADJ
amfbr-132	400	2	methods.16	methods.16	NOUN
amfbr-132	400	3	(	(	PUNCT
amfbr-132	400	4	1	1	NUM
amfbr-132	400	5	)	)	PUNCT
amfbr-132	400	6	,	,	PUNCT
amfbr-132	400	7	93	93	NUM
amfbr-132	400	8	-	-	SYM
amfbr-132	400	9	115	115	NUM
amfbr-132	400	10	.	.	PUNCT
amfbr-132	401	1	rabindra	rabindra	PROPN
amfbr-132	401	2	,	,	PUNCT
amfbr-132	401	3	j.	j.	PROPN
amfbr-132	401	4	(	(	PUNCT
amfbr-132	401	5	2012	2012	NUM
amfbr-132	401	6	)	)	PUNCT
amfbr-132	401	7	.	.	PUNCT
amfbr-132	402	1	effects	effect	NOUN
amfbr-132	402	2	of	of	ADP
amfbr-132	402	3	dividends	dividend	NOUN
amfbr-132	402	4	on	on	ADP
amfbr-132	402	5	stock	stock	NOUN
amfbr-132	402	6	prices	price	NOUN
amfbr-132	402	7	in	in	ADP
amfbr-132	402	8	nepal	nepal	ADJ
amfbr-132	402	9	.	.	PUNCT
amfbr-132	403	1	nrb	nrb	PROPN
amfbr-132	403	2	economic	economic	PROPN
amfbr-132	403	3	review	review	PROPN
amfbr-132	403	4	,	,	PUNCT
amfbr-132	403	5	24	24	NUM
amfbr-132	403	6	(	(	PUNCT
amfbr-132	403	7	2	2	NUM
amfbr-132	403	8	)	)	PUNCT
amfbr-132	403	9	,	,	PUNCT
amfbr-132	403	10	61	61	NUM
amfbr-132	403	11	-	-	SYM
amfbr-132	403	12	75	75	NUM
amfbr-132	403	13	rubinstein	rubinstein	PROPN
amfbr-132	403	14	,	,	PUNCT
amfbr-132	403	15	m.	m.	NOUN
amfbr-132	403	16	(	(	PUNCT
amfbr-132	403	17	1976	1976	NUM
amfbr-132	403	18	)	)	PUNCT
amfbr-132	403	19	.	.	PUNCT
amfbr-132	404	1	the	the	DET
amfbr-132	404	2	irrelevancy	irrelevancy	NOUN
amfbr-132	404	3	of	of	ADP
amfbr-132	404	4	dividend	dividend	NOUN
amfbr-132	404	5	policy	policy	NOUN
amfbr-132	404	6	in	in	ADP
amfbr-132	404	7	an	an	DET
amfbr-132	404	8	arrowdebreu	arrowdebreu	ADJ
amfbr-132	404	9	economy	economy	NOUN
amfbr-132	404	10	.	.	PUNCT
amfbr-132	405	1	journal	journal	PROPN
amfbr-132	405	2	of	of	ADP
amfbr-132	405	3	finance	finance	NOUN
amfbr-132	405	4	,	,	PUNCT
amfbr-132	405	5	31	31	NUM
amfbr-132	405	6	,	,	PUNCT
amfbr-132	405	7	1229	1229	NUM
amfbr-132	405	8	-	-	SYM
amfbr-132	405	9	1230	1230	NUM
amfbr-132	405	10	.	.	PUNCT
amfbr-132	406	1	shrikant	shrikant	ADJ
amfbr-132	406	2	,	,	PUNCT
amfbr-132	406	3	p.	p.	NOUN
amfbr-132	406	4	,	,	PUNCT
amfbr-132	406	5	&	&	CCONJ
amfbr-132	406	6	yuserrie	yuserrie	PROPN
amfbr-132	406	7	,	,	PUNCT
amfbr-132	406	8	z.	z.	PROPN
amfbr-132	406	9	(	(	PUNCT
amfbr-132	406	10	2015	2015	NUM
amfbr-132	406	11	)	)	PUNCT
amfbr-132	406	12	.	.	PUNCT
amfbr-132	407	1	dividend	dividend	NOUN
amfbr-132	407	2	policy	policy	NOUN
amfbr-132	407	3	decisions	decision	NOUN
amfbr-132	407	4	:	:	PUNCT
amfbr-132	407	5	theoretical	theoretical	ADJ
amfbr-132	407	6	views	view	NOUN
amfbr-132	407	7	and	and	CCONJ
amfbr-132	407	8	relevant	relevant	ADJ
amfbr-132	407	9	issues	issue	NOUN
amfbr-132	407	10	.	.	PUNCT
amfbr-132	408	1	reports	report	NOUN
amfbr-132	408	2	on	on	ADP
amfbr-132	408	3	economics	economic	NOUN
amfbr-132	408	4	and	and	CCONJ
amfbr-132	408	5	finance	finance	NOUN
amfbr-132	408	6	,	,	PUNCT
amfbr-132	408	7	1(1	1(1	NUM
amfbr-132	408	8	)	)	PUNCT
amfbr-132	408	9	,	,	PUNCT
amfbr-132	408	10	43	43	NUM
amfbr-132	408	11	-	-	SYM
amfbr-132	408	12	58	58	NUM
amfbr-132	408	13	.	.	PUNCT
amfbr-132	409	1	http://dx.doi.org/10.12988/ref.2015.596	http://dx.doi.org/10.12988/ref.2015.596	ADJ
amfbr-132	409	2	sobel	sobel	PROPN
amfbr-132	409	3	,	,	PUNCT
amfbr-132	409	4	m.e	m.e	PROPN
amfbr-132	409	5	.	.	PROPN
amfbr-132	409	6	(	(	PUNCT
amfbr-132	409	7	1982	1982	NUM
amfbr-132	409	8	)	)	PUNCT
amfbr-132	409	9	.	.	PUNCT
amfbr-132	410	1	asymptotic	asymptotic	ADJ
amfbr-132	410	2	confidence	confidence	NOUN
amfbr-132	410	3	intervals	interval	NOUN
amfbr-132	410	4	for	for	ADP
amfbr-132	410	5	indirect	indirect	ADJ
amfbr-132	410	6	effects	effect	NOUN
amfbr-132	410	7	in	in	ADP
amfbr-132	410	8	structural	structural	ADJ
amfbr-132	410	9	equation	equation	NOUN
amfbr-132	410	10	models.in	models.in	X
amfbr-132	410	11	sociological	sociological	ADJ
amfbr-132	410	12	methodology	methodology	NOUN
amfbr-132	410	13	,	,	PUNCT
amfbr-132	410	14	leinhardt	leinhardt	ADJ
amfbr-132	410	15	(	(	PUNCT
amfbr-132	410	16	ed	ed	NOUN
amfbr-132	410	17	.	.	PUNCT
amfbr-132	410	18	)	)	PUNCT
amfbr-132	411	1	san	san	PROPN
amfbr-132	411	2	franscisco	franscisco	PROPN
amfbr-132	411	3	ca	ca	NOUN
amfbr-132	411	4	:	:	PUNCT
amfbr-132	411	5	josseybass	josseybass	VERB
amfbr-132	411	6	,	,	PUNCT
amfbr-132	411	7	290	290	NUM
amfbr-132	411	8	-	-	SYM
amfbr-132	411	9	312	312	NUM
amfbr-132	411	10	.	.	PUNCT
amfbr-132	411	11	suwabe	suwabe	NOUN
amfbr-132	411	12	,	,	PUNCT
amfbr-132	411	13	t.	t.	PROPN
amfbr-132	411	14	(	(	PUNCT
amfbr-132	411	15	2006	2006	NUM
amfbr-132	411	16	)	)	PUNCT
amfbr-132	411	17	.	.	PUNCT
amfbr-132	412	1	dividend	dividend	NOUN
amfbr-132	412	2	policy	policy	NOUN
amfbr-132	412	3	that	that	PRON
amfbr-132	412	4	boosts	boost	VERB
amfbr-132	412	5	shareholders	shareholder	NOUN
amfbr-132	412	6	value	value	NOUN
amfbr-132	412	7	.	.	PUNCT
amfbr-132	413	1	security	security	NOUN
amfbr-132	413	2	analysts	analyst	NOUN
amfbr-132	413	3	journal	journal	NOUN
amfbr-132	413	4	,	,	PUNCT
amfbr-132	413	5	44(7	44(7	NOUN
amfbr-132	413	6	)	)	PUNCT
amfbr-132	413	7	,	,	PUNCT
amfbr-132	413	8	1	1	NUM
amfbr-132	413	9	-	-	SYM
amfbr-132	413	10	18	18	NUM
amfbr-132	413	11	toby	toby	NOUN
amfbr-132	413	12	,	,	PUNCT
amfbr-132	413	13	a.j	a.j	PROPN
amfbr-132	413	14	.	.	PROPN
amfbr-132	413	15	(	(	PUNCT
amfbr-132	413	16	2014	2014	NUM
amfbr-132	413	17	)	)	PUNCT
amfbr-132	413	18	.	.	PUNCT
amfbr-132	414	1	empirical	empirical	ADJ
amfbr-132	414	2	test	test	NOUN
amfbr-132	414	3	of	of	ADP
amfbr-132	414	4	the	the	DET
amfbr-132	414	5	dividend	dividend	NOUN
amfbr-132	414	6	policy	policy	NOUN
amfbr-132	414	7	irrelevance	irrelevance	NOUN
amfbr-132	414	8	hypothesis	hypothesis	NOUN
amfbr-132	414	9	in	in	ADP
amfbr-132	414	10	the	the	DET
amfbr-132	414	11	nigerian	nigerian	ADJ
amfbr-132	414	12	context	context	NOUN
amfbr-132	414	13	.	.	PUNCT
amfbr-132	415	1	research	research	NOUN
amfbr-132	415	2	journal	journal	PROPN
amfbr-132	415	3	of	of	ADP
amfbr-132	415	4	finance	finance	PROPN
amfbr-132	415	5	&	&	CCONJ
amfbr-132	415	6	accounting	accounting	PROPN
amfbr-132	415	7	,	,	PUNCT
amfbr-132	415	8	5(6	5(6	NUM
amfbr-132	415	9	)	)	PUNCT
amfbr-132	415	10	,	,	PUNCT
amfbr-132	415	11	167	167	NUM
amfbr-132	415	12	-	-	SYM
amfbr-132	415	13	178	178	NUM
amfbr-132	415	14	.	.	PUNCT
amfbr-132	416	1	udobi	udobi	PROPN
amfbr-132	416	2	,	,	PUNCT
amfbr-132	416	3	p.i	p.i	PROPN
amfbr-132	416	4	.	.	PUNCT
amfbr-132	416	5	(	(	PUNCT
amfbr-132	416	6	2016	2016	NUM
amfbr-132	416	7	)	)	PUNCT
amfbr-132	416	8	.	.	PUNCT
amfbr-132	417	1	an	an	DET
amfbr-132	417	2	empirical	empirical	ADJ
amfbr-132	417	3	analysis	analysis	NOUN
amfbr-132	417	4	of	of	ADP
amfbr-132	417	5	miller	miller	PROPN
amfbr-132	417	6	&	&	CCONJ
amfbr-132	417	7	modigliani	modigliani	PROPN
amfbr-132	417	8	dividend	dividend	NOUN
amfbr-132	417	9	policy	policy	NOUN
amfbr-132	417	10	irrelevance	irrelevance	NOUN
amfbr-132	417	11	theory	theory	NOUN
amfbr-132	417	12	:	:	PUNCT
amfbr-132	417	13	evidence	evidence	NOUN
amfbr-132	417	14	from	from	ADP
amfbr-132	417	15	the	the	DET
amfbr-132	417	16	nigerian	nigerian	ADJ
amfbr-132	417	17	stock	stock	NOUN
amfbr-132	417	18	market	market	NOUN
amfbr-132	417	19	.	.	PUNCT
amfbr-132	418	1	unpublished	unpublished	ADJ
amfbr-132	418	2	ph.d	ph.d	PROPN
amfbr-132	418	3	thesis	thesis	NOUN
amfbr-132	418	4	,	,	PUNCT
amfbr-132	418	5	university	university	NOUN
amfbr-132	418	6	of	of	ADP
amfbr-132	418	7	lagos	lagos	PROPN
amfbr-132	418	8	.	.	PUNCT
amfbr-132	419	1	…	…	PUNCT
amfbr-132	419	2	…	…	PUNCT
amfbr-132	419	3	…	…	PUNCT
amfbr-132	419	4	…	…	PUNCT
amfbr-132	419	5	..	..	PUNCT
amfbr-132	419	6	,	,	PUNCT
amfbr-132	419	7	iyiegbuniwe	iyiegbuniwe	NOUN
amfbr-132	419	8	,	,	PUNCT
amfbr-132	419	9	w.i	w.i	PROPN
amfbr-132	419	10	.	.	PROPN
amfbr-132	419	11	,	,	PUNCT
amfbr-132	419	12	&	&	CCONJ
amfbr-132	419	13	ezike	ezike	ADJ
amfbr-132	419	14	,	,	PUNCT
amfbr-132	419	15	j.e.(2018	j.e.(2018	PROPN
amfbr-132	419	16	)	)	PUNCT
amfbr-132	419	17	.	.	PUNCT
amfbr-132	420	1	empirical	empirical	ADJ
amfbr-132	420	2	analysis	analysis	NOUN
amfbr-132	420	3	of	of	ADP
amfbr-132	420	4	the	the	DET
amfbr-132	420	5	impact	impact	NOUN
amfbr-132	420	6	of	of	ADP
amfbr-132	420	7	current	current	ADJ
amfbr-132	420	8	dividend	dividend	NOUN
amfbr-132	420	9	policy	policy	NOUN
amfbr-132	420	10	on	on	ADP
amfbr-132	420	11	share	share	NOUN
amfbr-132	420	12	price	price	NOUN
amfbr-132	420	13	:	:	PUNCT
amfbr-132	420	14	evidence	evidence	NOUN
amfbr-132	420	15	from	from	ADP
amfbr-132	420	16	nigeria	nigeria	PROPN
amfbr-132	420	17	.	.	PUNCT
amfbr-132	421	1	unilag	unilag	PROPN
amfbr-132	421	2	journal	journal	PROPN
amfbr-132	421	3	of	of	ADP
amfbr-132	421	4	business	business	NOUN
amfbr-132	421	5	,	,	PUNCT
amfbr-132	421	6	4(2),133	4(2),133	PROPN
amfbr-132	421	7	-	-	SYM
amfbr-132	421	8	160	160	NUM
amfbr-132	421	9	walter	walter	NOUN
amfbr-132	421	10	,	,	PUNCT
amfbr-132	421	11	j.e	j.e	PROPN
amfbr-132	421	12	.	.	PROPN
amfbr-132	421	13	(	(	PUNCT
amfbr-132	421	14	1962	1962	NUM
amfbr-132	421	15	)	)	PUNCT
amfbr-132	421	16	.	.	PUNCT
amfbr-132	422	1	dividend	dividend	NOUN
amfbr-132	422	2	policy	policy	NOUN
amfbr-132	422	3	:	:	PUNCT
amfbr-132	422	4	it	it	PRON
amfbr-132	422	5	’s	’	VERB
amfbr-132	422	6	influence	influence	NOUN
amfbr-132	422	7	on	on	ADP
amfbr-132	422	8	the	the	DET
amfbr-132	422	9	value	value	NOUN
amfbr-132	422	10	of	of	ADP
amfbr-132	422	11	the	the	DET
amfbr-132	422	12	enterprise	enterprise	NOUN
amfbr-132	422	13	.	.	PUNCT
amfbr-132	423	1	journal	journal	NOUN
amfbr-132	423	2	of	of	ADP
amfbr-132	423	3	finance	finance	NOUN
amfbr-132	423	4	,	,	PUNCT
amfbr-132	423	5	18(2	18(2	NUM
amfbr-132	423	6	)	)	PUNCT
amfbr-132	423	7	,	,	PUNCT
amfbr-132	423	8	280291	280291	NUM
amfbr-132	423	9	.	.	PUNCT
amfbr-132	424	1	copyrights	copyright	VERB
amfbr-132	424	2	copyright	copyright	NOUN
amfbr-132	424	3	for	for	ADP
amfbr-132	424	4	this	this	DET
amfbr-132	424	5	article	article	NOUN
amfbr-132	424	6	is	be	AUX
amfbr-132	424	7	retained	retain	VERB
amfbr-132	424	8	by	by	ADP
amfbr-132	424	9	the	the	DET
amfbr-132	424	10	author(s	author(s	PROPN
amfbr-132	424	11	)	)	PUNCT
amfbr-132	424	12	,	,	PUNCT
amfbr-132	424	13	with	with	ADP
amfbr-132	424	14	first	first	ADJ
amfbr-132	424	15	publication	publication	NOUN
amfbr-132	424	16	rights	right	NOUN
amfbr-132	424	17	granted	grant	VERB
amfbr-132	424	18	to	to	ADP
amfbr-132	424	19	the	the	DET
amfbr-132	424	20	journal	journal	NOUN
amfbr-132	424	21	.	.	PUNCT
amfbr-132	425	1	this	this	PRON
amfbr-132	425	2	is	be	AUX
amfbr-132	425	3	an	an	DET
amfbr-132	425	4	open	open	ADJ
amfbr-132	425	5	-	-	PUNCT
amfbr-132	425	6	access	access	NOUN
amfbr-132	425	7	article	article	NOUN
amfbr-132	425	8	distributed	distribute	VERB
amfbr-132	425	9	under	under	ADP
amfbr-132	425	10	the	the	DET
amfbr-132	425	11	terms	term	NOUN
amfbr-132	425	12	and	and	CCONJ
amfbr-132	425	13	conditions	condition	NOUN
amfbr-132	425	14	of	of	ADP
amfbr-132	425	15	the	the	DET
amfbr-132	425	16	creative	creative	ADJ
amfbr-132	425	17	commons	common	NOUN
amfbr-132	425	18	attribution	attribution	NOUN
amfbr-132	425	19	license	license	NOUN
amfbr-132	425	20	(	(	PUNCT
amfbr-132	425	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
amfbr-132	425	22	)	)	PUNCT
amfbr-132	425	23	.	.	PUNCT