id	sid	tid	token	lemma	pos
gp-120	1	1	357	357	NUM
gp-120	1	2	american	american	ADJ
gp-120	1	3	journal	journal	PROPN
gp-120	1	4	of	of	ADP
gp-120	1	5	economic	economic	ADJ
gp-120	1	6	and	and	CCONJ
gp-120	1	7	management	management	NOUN
gp-120	1	8	business	business	NOUN
gp-120	1	9	p	p	X
gp-120	1	10	-	-	PUNCT
gp-120	1	11	issn	issn	NOUN
gp-120	1	12	:	:	PUNCT
gp-120	1	13	xxxx	xxxx	ADJ
gp-120	1	14	-	-	PUNCT
gp-120	1	15	xxxx	xxxx	ADJ
gp-120	1	16	e	e	NOUN
gp-120	1	17	-	-	NOUN
gp-120	1	18	issn	issn	ADJ
gp-120	1	19	:	:	PUNCT
gp-120	1	20	2835	2835	NUM
gp-120	1	21	-	-	SYM
gp-120	1	22	5199	5199	NUM
gp-120	1	23	vol	vol	NOUN
gp-120	1	24	.	.	NOUN
gp-120	1	25	3	3	NUM
gp-120	1	26	no	no	NOUN
gp-120	1	27	.	.	PUNCT
gp-120	2	1	10	10	NUM
gp-120	2	2	oktober	oktober	NOUN
gp-120	2	3	2024	2024	NUM
gp-120	2	4	the	the	DET
gp-120	2	5	impact	impact	NOUN
gp-120	2	6	of	of	ADP
gp-120	2	7	esg	esg	PROPN
gp-120	2	8	disclosures	disclosure	NOUN
gp-120	2	9	on	on	ADP
gp-120	2	10	financial	financial	ADJ
gp-120	2	11	performance	performance	NOUN
gp-120	2	12	:	:	PUNCT
gp-120	2	13	evidence	evidence	NOUN
gp-120	2	14	from	from	ADP
gp-120	2	15	asean	asean	ADJ
gp-120	2	16	-	-	PUNCT
gp-120	2	17	listed	list	VERB
gp-120	2	18	companies	company	NOUN
gp-120	2	19	aman	aman	VERB
gp-120	2	20	khan	khan	PROPN
gp-120	2	21	burki1	burki1	PROPN
gp-120	2	22	,	,	PUNCT
gp-120	2	23	mohamed	mohamed	PROPN
gp-120	2	24	normen	normen	PROPN
gp-120	2	25	ahamed	ahamed	PROPN
gp-120	2	26	mafaz2	mafaz2	PROPN
gp-120	2	27	,	,	PUNCT
gp-120	2	28	zaki	zaki	PROPN
gp-120	2	29	ahmad*3	ahmad*3	PROPN
gp-120	2	30	,	,	PUNCT
gp-120	2	31	auni	auni	PROPN
gp-120	2	32	zulfaka4	zulfaka4	PROPN
gp-120	2	33	,	,	PUNCT
gp-120	2	34	ikhlas	ikhlas	PROPN
gp-120	2	35	al	al	PROPN
gp-120	2	36	-	-	PUNCT
gp-120	2	37	amatullah5	amatullah5	PROPN
gp-120	2	38	1al	1al	PROPN
gp-120	2	39	-	-	PUNCT
gp-120	2	40	madinah	madinah	PROPN
gp-120	2	41	international	international	PROPN
gp-120	2	42	university	university	PROPN
gp-120	2	43	,	,	PUNCT
gp-120	2	44	malaysia	malaysia	PROPN
gp-120	2	45	2management	2management	NUM
gp-120	2	46	and	and	CCONJ
gp-120	2	47	science	science	NOUN
gp-120	2	48	university	university	NOUN
gp-120	2	49	,	,	PUNCT
gp-120	2	50	40100	40100	NUM
gp-120	2	51	shah	shah	PROPN
gp-120	2	52	alam	alam	PROPN
gp-120	2	53	,	,	PUNCT
gp-120	2	54	selangor	selangor	PROPN
gp-120	2	55	,	,	PUNCT
gp-120	2	56	malaysia	malaysia	PROPN
gp-120	2	57	.	.	PUNCT
gp-120	3	1	3universiti	3universiti	NUM
gp-120	3	2	utara	utara	NOUN
gp-120	3	3	malaysia	malaysia	PROPN
gp-120	3	4	,	,	PUNCT
gp-120	3	5	sintok	sintok	ADJ
gp-120	3	6	,	,	PUNCT
gp-120	3	7	kedah	kedah	PROPN
gp-120	3	8	,	,	PUNCT
gp-120	3	9	malaysia	malaysia	PROPN
gp-120	3	10	4international	4international	PROPN
gp-120	3	11	islamic	islamic	PROPN
gp-120	3	12	university	university	PROPN
gp-120	3	13	malaysia	malaysia	PROPN
gp-120	3	14	,	,	PUNCT
gp-120	3	15	malaysia	malaysia	PROPN
gp-120	3	16	5inceif	5inceif	NOUN
gp-120	3	17	,	,	PUNCT
gp-120	3	18	the	the	DET
gp-120	3	19	global	global	ADJ
gp-120	3	20	university	university	PROPN
gp-120	3	21	of	of	ADP
gp-120	3	22	islamic	islamic	PROPN
gp-120	3	23	finance	finance	PROPN
gp-120	3	24	,	,	PUNCT
gp-120	3	25	malaysia	malaysia	PROPN
gp-120	3	26	email	email	NOUN
gp-120	3	27	:	:	PUNCT
gp-120	3	28	94zakiahmad@gmail.com	94zakiahmad@gmail.com	NOUN
gp-120	3	29	abstract	abstract	NOUN
gp-120	3	30	with	with	ADP
gp-120	3	31	increasing	increase	VERB
gp-120	3	32	global	global	ADJ
gp-120	3	33	emphasis	emphasis	NOUN
gp-120	3	34	on	on	ADP
gp-120	3	35	sustainability	sustainability	NOUN
gp-120	3	36	,	,	PUNCT
gp-120	3	37	corporate	corporate	ADJ
gp-120	3	38	transparency	transparency	NOUN
gp-120	3	39	in	in	ADP
gp-120	3	40	esg	esg	PROPN
gp-120	3	41	practices	practice	NOUN
gp-120	3	42	has	have	AUX
gp-120	3	43	become	become	VERB
gp-120	3	44	a	a	DET
gp-120	3	45	critical	critical	ADJ
gp-120	3	46	factor	factor	NOUN
gp-120	3	47	for	for	ADP
gp-120	3	48	investors	investor	NOUN
gp-120	3	49	and	and	CCONJ
gp-120	3	50	stakeholders	stakeholder	NOUN
gp-120	3	51	.	.	PUNCT
gp-120	4	1	this	this	DET
gp-120	4	2	study	study	NOUN
gp-120	4	3	investigates	investigate	VERB
gp-120	4	4	the	the	DET
gp-120	4	5	impact	impact	NOUN
gp-120	4	6	of	of	ADP
gp-120	4	7	environmental	environmental	ADJ
gp-120	4	8	,	,	PUNCT
gp-120	4	9	social	social	ADJ
gp-120	4	10	,	,	PUNCT
gp-120	4	11	and	and	CCONJ
gp-120	4	12	governance	governance	NOUN
gp-120	4	13	(	(	PUNCT
gp-120	4	14	esg	esg	NOUN
gp-120	4	15	)	)	PUNCT
gp-120	4	16	disclosures	disclosure	NOUN
gp-120	4	17	on	on	ADP
gp-120	4	18	the	the	DET
gp-120	4	19	financial	financial	ADJ
gp-120	4	20	performance	performance	NOUN
gp-120	4	21	of	of	ADP
gp-120	4	22	listed	list	VERB
gp-120	4	23	companies	company	NOUN
gp-120	4	24	in	in	ADP
gp-120	4	25	asean	asean	ADJ
gp-120	4	26	countries	country	NOUN
gp-120	4	27	.	.	PUNCT
gp-120	5	1	this	this	DET
gp-120	5	2	research	research	NOUN
gp-120	5	3	employs	employ	VERB
gp-120	5	4	a	a	DET
gp-120	5	5	dynamic	dynamic	ADJ
gp-120	5	6	generalized	generalized	ADJ
gp-120	5	7	method	method	NOUN
gp-120	5	8	of	of	ADP
gp-120	5	9	moments	moment	NOUN
gp-120	5	10	(	(	PUNCT
gp-120	5	11	gmm	gmm	NOUN
gp-120	5	12	)	)	PUNCT
gp-120	5	13	approach	approach	NOUN
gp-120	5	14	to	to	PART
gp-120	5	15	address	address	VERB
gp-120	5	16	endogeneity	endogeneity	NOUN
gp-120	5	17	concerns	concern	NOUN
gp-120	5	18	and	and	CCONJ
gp-120	5	19	assess	assess	VERB
gp-120	5	20	the	the	DET
gp-120	5	21	relationship	relationship	NOUN
gp-120	5	22	between	between	ADP
gp-120	5	23	esg	esg	PROPN
gp-120	5	24	disclosure	disclosure	NOUN
gp-120	5	25	and	and	CCONJ
gp-120	5	26	financial	financial	ADJ
gp-120	5	27	performance	performance	NOUN
gp-120	5	28	indicators	indicator	NOUN
gp-120	5	29	such	such	ADJ
gp-120	5	30	as	as	ADP
gp-120	5	31	return	return	NOUN
gp-120	5	32	on	on	ADP
gp-120	5	33	assets	asset	NOUN
gp-120	5	34	(	(	PUNCT
gp-120	5	35	roa	roa	NOUN
gp-120	5	36	)	)	PUNCT
gp-120	5	37	,	,	PUNCT
gp-120	5	38	return	return	VERB
gp-120	5	39	on	on	ADP
gp-120	5	40	equity	equity	NOUN
gp-120	5	41	(	(	PUNCT
gp-120	5	42	roe	roe	PROPN
gp-120	5	43	)	)	PUNCT
gp-120	5	44	,	,	PUNCT
gp-120	5	45	and	and	CCONJ
gp-120	5	46	market	market	NOUN
gp-120	5	47	value	value	NOUN
gp-120	5	48	.	.	PUNCT
gp-120	6	1	using	use	VERB
gp-120	6	2	panel	panel	NOUN
gp-120	6	3	data	datum	NOUN
gp-120	6	4	from	from	ADP
gp-120	6	5	asean	asean	ADJ
gp-120	6	6	-	-	PUNCT
gp-120	6	7	listed	list	VERB
gp-120	6	8	firms	firm	NOUN
gp-120	6	9	over	over	ADP
gp-120	6	10	the	the	DET
gp-120	6	11	period	period	NOUN
gp-120	6	12	2013	2013	NUM
gp-120	6	13	-	-	SYM
gp-120	6	14	2022	2022	NUM
gp-120	6	15	,	,	PUNCT
gp-120	6	16	the	the	DET
gp-120	6	17	findings	finding	NOUN
gp-120	6	18	show	show	VERB
gp-120	6	19	that	that	SCONJ
gp-120	6	20	firms	firm	NOUN
gp-120	6	21	with	with	ADP
gp-120	6	22	strong	strong	ADJ
gp-120	6	23	historical	historical	ADJ
gp-120	6	24	performance	performance	NOUN
gp-120	6	25	tend	tend	VERB
gp-120	6	26	to	to	PART
gp-120	6	27	maintain	maintain	VERB
gp-120	6	28	profitability	profitability	NOUN
gp-120	6	29	,	,	PUNCT
gp-120	6	30	while	while	SCONJ
gp-120	6	31	esg	esg	PROPN
gp-120	6	32	disclosures	disclosure	NOUN
gp-120	6	33	positively	positively	ADV
gp-120	6	34	influence	influence	VERB
gp-120	6	35	financial	financial	ADJ
gp-120	6	36	outcomes	outcome	NOUN
gp-120	6	37	by	by	ADP
gp-120	6	38	enhancing	enhance	VERB
gp-120	6	39	investor	investor	NOUN
gp-120	6	40	confidence	confidence	NOUN
gp-120	6	41	and	and	CCONJ
gp-120	6	42	risk	risk	NOUN
gp-120	6	43	management	management	NOUN
gp-120	6	44	.	.	PUNCT
gp-120	7	1	larger	large	ADJ
gp-120	7	2	firms	firm	NOUN
gp-120	7	3	benefit	benefit	VERB
gp-120	7	4	from	from	ADP
gp-120	7	5	economies	economy	NOUN
gp-120	7	6	of	of	ADP
gp-120	7	7	scale	scale	NOUN
gp-120	7	8	,	,	PUNCT
gp-120	7	9	while	while	SCONJ
gp-120	7	10	excessive	excessive	ADJ
gp-120	7	11	leverage	leverage	NOUN
gp-120	7	12	reduces	reduce	VERB
gp-120	7	13	profitability	profitability	NOUN
gp-120	7	14	.	.	PUNCT
gp-120	8	1	favorable	favorable	ADJ
gp-120	8	2	macroeconomic	macroeconomic	ADJ
gp-120	8	3	conditions	condition	NOUN
gp-120	8	4	,	,	PUNCT
gp-120	8	5	such	such	ADJ
gp-120	8	6	as	as	ADP
gp-120	8	7	gdp	gdp	NOUN
gp-120	8	8	growth	growth	NOUN
gp-120	8	9	,	,	PUNCT
gp-120	8	10	also	also	ADV
gp-120	8	11	play	play	VERB
gp-120	8	12	a	a	DET
gp-120	8	13	crucial	crucial	ADJ
gp-120	8	14	role	role	NOUN
gp-120	8	15	in	in	ADP
gp-120	8	16	boosting	boost	VERB
gp-120	8	17	firm	firm	ADJ
gp-120	8	18	profitability	profitability	NOUN
gp-120	8	19	.	.	PUNCT
gp-120	9	1	policymakers	policymaker	NOUN
gp-120	9	2	should	should	AUX
gp-120	9	3	mandate	mandate	VERB
gp-120	9	4	esg	esg	PROPN
gp-120	9	5	disclosure	disclosure	NOUN
gp-120	9	6	frameworks	framework	NOUN
gp-120	9	7	,	,	PUNCT
gp-120	9	8	incentivize	incentivize	VERB
gp-120	9	9	sustainable	sustainable	ADJ
gp-120	9	10	practices	practice	NOUN
gp-120	9	11	,	,	PUNCT
gp-120	9	12	and	and	CCONJ
gp-120	9	13	provide	provide	VERB
gp-120	9	14	financial	financial	ADJ
gp-120	9	15	support	support	NOUN
gp-120	9	16	to	to	ADP
gp-120	9	17	smaller	small	ADJ
gp-120	9	18	firms	firm	NOUN
gp-120	9	19	.	.	PUNCT
gp-120	10	1	promoting	promote	VERB
gp-120	10	2	responsible	responsible	ADJ
gp-120	10	3	debt	debt	NOUN
gp-120	10	4	management	management	NOUN
gp-120	10	5	and	and	CCONJ
gp-120	10	6	ensuring	ensure	VERB
gp-120	10	7	macroeconomic	macroeconomic	ADJ
gp-120	10	8	stability	stability	NOUN
gp-120	10	9	through	through	ADP
gp-120	10	10	favorable	favorable	ADJ
gp-120	10	11	trade	trade	NOUN
gp-120	10	12	policies	policy	NOUN
gp-120	10	13	will	will	AUX
gp-120	10	14	also	also	ADV
gp-120	10	15	enhance	enhance	VERB
gp-120	10	16	firm	firm	ADJ
gp-120	10	17	profitability	profitability	NOUN
gp-120	10	18	and	and	CCONJ
gp-120	10	19	long	long	ADJ
gp-120	10	20	-	-	PUNCT
gp-120	10	21	term	term	NOUN
gp-120	10	22	economic	economic	ADJ
gp-120	10	23	growth	growth	NOUN
gp-120	10	24	.	.	PUNCT
gp-120	11	1	keywords	keyword	NOUN
gp-120	11	2	:	:	PUNCT
gp-120	11	3	sustainability	sustainability	NOUN
gp-120	11	4	,	,	PUNCT
gp-120	11	5	esg	esg	PROPN
gp-120	11	6	,	,	PUNCT
gp-120	11	7	financial	financial	ADJ
gp-120	11	8	performance	performance	NOUN
gp-120	11	9	,	,	PUNCT
gp-120	11	10	asean	asean	ADJ
gp-120	11	11	countries	country	NOUN
gp-120	11	12	,	,	PUNCT
gp-120	11	13	panel	panel	NOUN
gp-120	11	14	data	datum	NOUN
gp-120	11	15	introduction	introduction	NOUN
gp-120	11	16	the	the	DET
gp-120	11	17	increasing	increase	VERB
gp-120	11	18	global	global	ADJ
gp-120	11	19	emphasis	emphasis	NOUN
gp-120	11	20	on	on	ADP
gp-120	11	21	sustainability	sustainability	NOUN
gp-120	11	22	has	have	AUX
gp-120	11	23	significantly	significantly	ADV
gp-120	11	24	influenced	influence	VERB
gp-120	11	25	corporate	corporate	ADJ
gp-120	11	26	behavior	behavior	NOUN
gp-120	11	27	,	,	PUNCT
gp-120	11	28	particularly	particularly	ADV
gp-120	11	29	regarding	regard	VERB
gp-120	11	30	transparency	transparency	NOUN
gp-120	11	31	in	in	ADP
gp-120	11	32	environmental	environmental	ADJ
gp-120	11	33	,	,	PUNCT
gp-120	11	34	social	social	ADJ
gp-120	11	35	,	,	PUNCT
gp-120	11	36	and	and	CCONJ
gp-120	11	37	governance	governance	NOUN
gp-120	11	38	(	(	PUNCT
gp-120	11	39	esg	esg	NOUN
gp-120	11	40	)	)	PUNCT
gp-120	11	41	practices	practice	NOUN
gp-120	11	42	.	.	PUNCT
gp-120	12	1	in	in	ADP
gp-120	12	2	recent	recent	ADJ
gp-120	12	3	years	year	NOUN
gp-120	12	4	,	,	PUNCT
gp-120	12	5	esg	esg	PROPN
gp-120	12	6	disclosures	disclosure	NOUN
gp-120	12	7	have	have	AUX
gp-120	12	8	emerged	emerge	VERB
gp-120	12	9	as	as	ADP
gp-120	12	10	a	a	DET
gp-120	12	11	critical	critical	ADJ
gp-120	12	12	consideration	consideration	NOUN
gp-120	12	13	for	for	ADP
gp-120	12	14	investors	investor	NOUN
gp-120	12	15	and	and	CCONJ
gp-120	12	16	stakeholders	stakeholder	NOUN
gp-120	12	17	,	,	PUNCT
gp-120	12	18	who	who	PRON
gp-120	12	19	increasingly	increasingly	ADV
gp-120	12	20	demand	demand	VERB
gp-120	12	21	that	that	SCONJ
gp-120	12	22	companies	company	NOUN
gp-120	12	23	demonstrate	demonstrate	VERB
gp-120	12	24	responsibility	responsibility	NOUN
gp-120	12	25	in	in	ADP
gp-120	12	26	managing	manage	VERB
gp-120	12	27	their	their	PRON
gp-120	12	28	environmental	environmental	ADJ
gp-120	12	29	impacts	impact	NOUN
gp-120	12	30	,	,	PUNCT
gp-120	12	31	social	social	ADJ
gp-120	12	32	contributions	contribution	NOUN
gp-120	12	33	,	,	PUNCT
gp-120	12	34	and	and	CCONJ
gp-120	12	35	governance	governance	NOUN
gp-120	12	36	practices	practice	NOUN
gp-120	12	37	.	.	PUNCT
gp-120	13	1	research	research	NOUN
gp-120	13	2	suggests	suggest	VERB
gp-120	13	3	that	that	SCONJ
gp-120	13	4	transparent	transparent	ADJ
gp-120	13	5	esg	esg	NOUN
gp-120	13	6	practices	practice	NOUN
gp-120	13	7	not	not	PART
gp-120	13	8	only	only	ADV
gp-120	13	9	enhance	enhance	VERB
gp-120	13	10	a	a	DET
gp-120	13	11	company	company	NOUN
gp-120	13	12	's	's	PART
gp-120	13	13	reputation	reputation	NOUN
gp-120	13	14	but	but	CCONJ
gp-120	13	15	also	also	ADV
gp-120	13	16	improve	improve	VERB
gp-120	13	17	its	its	PRON
gp-120	13	18	financial	financial	ADJ
gp-120	13	19	performance	performance	NOUN
gp-120	13	20	by	by	ADP
gp-120	13	21	attracting	attract	VERB
gp-120	13	22	socially	socially	ADV
gp-120	13	23	conscious	conscious	ADJ
gp-120	13	24	investors	investor	NOUN
gp-120	13	25	,	,	PUNCT
gp-120	13	26	mitigating	mitigate	VERB
gp-120	13	27	risks	risk	NOUN
gp-120	13	28	,	,	PUNCT
gp-120	13	29	and	and	CCONJ
gp-120	13	30	american	american	ADJ
gp-120	13	31	journal	journal	PROPN
gp-120	13	32	of	of	ADP
gp-120	13	33	economic	economic	ADJ
gp-120	13	34	and	and	CCONJ
gp-120	13	35	management	management	NOUN
gp-120	13	36	business	business	NOUN
gp-120	13	37	vol	vol	NOUN
gp-120	13	38	.	.	PROPN
gp-120	14	1	3	3	NUM
gp-120	14	2	no	no	NOUN
gp-120	14	3	.	.	PUNCT
gp-120	15	1	10	10	NUM
gp-120	15	2	oktober	oktober	NOUN
gp-120	15	3	2024	2024	NUM
gp-120	15	4	358	358	NUM
gp-120	15	5	promoting	promote	VERB
gp-120	15	6	long	long	ADJ
gp-120	15	7	-	-	PUNCT
gp-120	15	8	term	term	NOUN
gp-120	15	9	sustainability	sustainability	NOUN
gp-120	15	10	(	(	PUNCT
gp-120	15	11	friede	friede	NOUN
gp-120	15	12	et	et	PROPN
gp-120	15	13	al	al	PROPN
gp-120	15	14	.	.	PROPN
gp-120	15	15	,	,	PUNCT
gp-120	15	16	2015	2015	NUM
gp-120	15	17	)	)	PUNCT
gp-120	15	18	(	(	PUNCT
gp-120	15	19	hidthiir	hidthiir	PROPN
gp-120	15	20	et	et	PROPN
gp-120	15	21	al	al	PROPN
gp-120	15	22	.	.	PROPN
gp-120	15	23	,	,	PUNCT
gp-120	15	24	2024	2024	NUM
gp-120	15	25	)	)	PUNCT
gp-120	15	26	.	.	PUNCT
gp-120	16	1	this	this	DET
gp-120	16	2	shift	shift	NOUN
gp-120	16	3	toward	toward	ADP
gp-120	16	4	esg	esg	NOUN
gp-120	16	5	integration	integration	NOUN
gp-120	16	6	is	be	AUX
gp-120	16	7	especially	especially	ADV
gp-120	16	8	prominent	prominent	ADJ
gp-120	16	9	in	in	ADP
gp-120	16	10	emerging	emerge	VERB
gp-120	16	11	markets	market	NOUN
gp-120	16	12	,	,	PUNCT
gp-120	16	13	where	where	SCONJ
gp-120	16	14	institutional	institutional	ADJ
gp-120	16	15	pressures	pressure	NOUN
gp-120	16	16	and	and	CCONJ
gp-120	16	17	the	the	DET
gp-120	16	18	growing	grow	VERB
gp-120	16	19	importance	importance	NOUN
gp-120	16	20	of	of	ADP
gp-120	16	21	sustainability	sustainability	NOUN
gp-120	16	22	are	be	AUX
gp-120	16	23	reshaping	reshape	VERB
gp-120	16	24	corporate	corporate	ADJ
gp-120	16	25	strategies	strategy	NOUN
gp-120	16	26	(	(	PUNCT
gp-120	16	27	cheng	cheng	PROPN
gp-120	16	28	et	et	PROPN
gp-120	16	29	al	al	PROPN
gp-120	16	30	.	.	PROPN
gp-120	16	31	,	,	PUNCT
gp-120	16	32	2014	2014	NUM
gp-120	16	33	)	)	PUNCT
gp-120	16	34	(	(	PUNCT
gp-120	16	35	khan	khan	PROPN
gp-120	16	36	et	et	PROPN
gp-120	16	37	al	al	PROPN
gp-120	16	38	.	.	PROPN
gp-120	16	39	,	,	PUNCT
gp-120	16	40	2024	2024	NUM
gp-120	16	41	)	)	PUNCT
gp-120	16	42	(	(	PUNCT
gp-120	16	43	ahmad	ahmad	PROPN
gp-120	16	44	et	et	PROPN
gp-120	16	45	al	al	PROPN
gp-120	16	46	.	.	PROPN
gp-120	16	47	,	,	PUNCT
gp-120	16	48	2023	2023	NUM
gp-120	16	49	)	)	PUNCT
gp-120	16	50	.	.	PUNCT
gp-120	17	1	in	in	ADP
gp-120	17	2	the	the	DET
gp-120	17	3	context	context	NOUN
gp-120	17	4	of	of	ADP
gp-120	17	5	asean	asean	ADJ
gp-120	17	6	countries	country	NOUN
gp-120	17	7	,	,	PUNCT
gp-120	17	8	the	the	DET
gp-120	17	9	emphasis	emphasis	NOUN
gp-120	17	10	on	on	ADP
gp-120	17	11	esg	esg	NOUN
gp-120	17	12	transparency	transparency	NOUN
gp-120	17	13	has	have	AUX
gp-120	17	14	gained	gain	VERB
gp-120	17	15	traction	traction	NOUN
gp-120	17	16	due	due	ADP
gp-120	17	17	to	to	ADP
gp-120	17	18	heightened	heightened	ADJ
gp-120	17	19	awareness	awareness	NOUN
gp-120	17	20	of	of	ADP
gp-120	17	21	sustainable	sustainable	ADJ
gp-120	17	22	development	development	NOUN
gp-120	17	23	goals	goal	NOUN
gp-120	17	24	(	(	PUNCT
gp-120	17	25	sdgs	sdgs	ADJ
gp-120	17	26	)	)	PUNCT
gp-120	17	27	and	and	CCONJ
gp-120	17	28	the	the	DET
gp-120	17	29	growing	grow	VERB
gp-120	17	30	influence	influence	NOUN
gp-120	17	31	of	of	ADP
gp-120	17	32	global	global	ADJ
gp-120	17	33	investment	investment	NOUN
gp-120	17	34	trends	trend	NOUN
gp-120	17	35	.	.	PUNCT
gp-120	18	1	the	the	DET
gp-120	18	2	asean	asean	PROPN
gp-120	18	3	region	region	NOUN
gp-120	18	4	,	,	PUNCT
gp-120	18	5	characterized	characterize	VERB
gp-120	18	6	by	by	ADP
gp-120	18	7	diverse	diverse	ADJ
gp-120	18	8	economies	economy	NOUN
gp-120	18	9	with	with	ADP
gp-120	18	10	varying	vary	VERB
gp-120	18	11	levels	level	NOUN
gp-120	18	12	of	of	ADP
gp-120	18	13	economic	economic	ADJ
gp-120	18	14	development	development	NOUN
gp-120	18	15	,	,	PUNCT
gp-120	18	16	presents	present	VERB
gp-120	18	17	a	a	DET
gp-120	18	18	unique	unique	ADJ
gp-120	18	19	setting	setting	NOUN
gp-120	18	20	to	to	PART
gp-120	18	21	explore	explore	VERB
gp-120	18	22	the	the	DET
gp-120	18	23	impact	impact	NOUN
gp-120	18	24	of	of	ADP
gp-120	18	25	esg	esg	PROPN
gp-120	18	26	disclosures	disclosure	NOUN
gp-120	18	27	on	on	ADP
gp-120	18	28	financial	financial	ADJ
gp-120	18	29	performance	performance	NOUN
gp-120	18	30	.	.	PUNCT
gp-120	19	1	while	while	SCONJ
gp-120	19	2	much	much	ADJ
gp-120	19	3	of	of	ADP
gp-120	19	4	the	the	DET
gp-120	19	5	previous	previous	ADJ
gp-120	19	6	research	research	NOUN
gp-120	19	7	on	on	ADP
gp-120	19	8	esg	esg	PROPN
gp-120	19	9	has	have	AUX
gp-120	19	10	focused	focus	VERB
gp-120	19	11	on	on	ADP
gp-120	19	12	developed	develop	VERB
gp-120	19	13	markets	market	NOUN
gp-120	19	14	,	,	PUNCT
gp-120	19	15	there	there	PRON
gp-120	19	16	is	be	VERB
gp-120	19	17	limited	limit	VERB
gp-120	19	18	empirical	empirical	ADJ
gp-120	19	19	evidence	evidence	NOUN
gp-120	19	20	concerning	concern	VERB
gp-120	19	21	its	its	PRON
gp-120	19	22	impact	impact	NOUN
gp-120	19	23	on	on	ADP
gp-120	19	24	companies	company	NOUN
gp-120	19	25	in	in	ADP
gp-120	19	26	emerging	emerge	VERB
gp-120	19	27	economies	economy	NOUN
gp-120	19	28	,	,	PUNCT
gp-120	19	29	particularly	particularly	ADV
gp-120	19	30	in	in	ADP
gp-120	19	31	southeast	southeast	PROPN
gp-120	19	32	asia	asia	PROPN
gp-120	19	33	.	.	PUNCT
gp-120	20	1	this	this	DET
gp-120	20	2	gap	gap	NOUN
gp-120	20	3	in	in	ADP
gp-120	20	4	the	the	DET
gp-120	20	5	literature	literature	NOUN
gp-120	20	6	underscores	underscore	VERB
gp-120	20	7	the	the	DET
gp-120	20	8	need	need	NOUN
gp-120	20	9	for	for	ADP
gp-120	20	10	more	more	ADV
gp-120	20	11	focused	focused	ADJ
gp-120	20	12	investigations	investigation	NOUN
gp-120	20	13	into	into	ADP
gp-120	20	14	how	how	SCONJ
gp-120	20	15	esg	esg	PROPN
gp-120	20	16	practices	practice	NOUN
gp-120	20	17	influence	influence	VERB
gp-120	20	18	financial	financial	ADJ
gp-120	20	19	outcomes	outcome	NOUN
gp-120	20	20	in	in	ADP
gp-120	20	21	aseanlisted	aseanliste	VERB
gp-120	20	22	firms	firm	NOUN
gp-120	20	23	.	.	PUNCT
gp-120	21	1	the	the	DET
gp-120	21	2	relationship	relationship	NOUN
gp-120	21	3	between	between	ADP
gp-120	21	4	esg	esg	NOUN
gp-120	21	5	disclosures	disclosure	NOUN
gp-120	21	6	and	and	CCONJ
gp-120	21	7	financial	financial	ADJ
gp-120	21	8	performance	performance	NOUN
gp-120	21	9	has	have	AUX
gp-120	21	10	been	be	AUX
gp-120	21	11	the	the	DET
gp-120	21	12	subject	subject	NOUN
gp-120	21	13	of	of	ADP
gp-120	21	14	considerable	considerable	ADJ
gp-120	21	15	academic	academic	ADJ
gp-120	21	16	interest	interest	NOUN
gp-120	21	17	.	.	PUNCT
gp-120	22	1	studies	study	NOUN
gp-120	22	2	have	have	AUX
gp-120	22	3	shown	show	VERB
gp-120	22	4	that	that	SCONJ
gp-120	22	5	firms	firm	NOUN
gp-120	22	6	with	with	ADP
gp-120	22	7	strong	strong	ADJ
gp-120	22	8	esg	esg	NOUN
gp-120	22	9	performance	performance	NOUN
gp-120	22	10	tend	tend	VERB
gp-120	22	11	to	to	PART
gp-120	22	12	benefit	benefit	VERB
gp-120	22	13	from	from	ADP
gp-120	22	14	enhanced	enhanced	ADJ
gp-120	22	15	investor	investor	NOUN
gp-120	22	16	confidence	confidence	NOUN
gp-120	22	17	,	,	PUNCT
gp-120	22	18	better	well	ADJ
gp-120	22	19	risk	risk	NOUN
gp-120	22	20	management	management	NOUN
gp-120	22	21	,	,	PUNCT
gp-120	22	22	and	and	CCONJ
gp-120	22	23	stronger	strong	ADJ
gp-120	22	24	financial	financial	ADJ
gp-120	22	25	performance	performance	NOUN
gp-120	22	26	(	(	PUNCT
gp-120	22	27	bussoli	bussoli	PROPN
gp-120	22	28	&	&	CCONJ
gp-120	22	29	conte	conte	PROPN
gp-120	22	30	,	,	PUNCT
gp-120	22	31	2018	2018	NUM
gp-120	22	32	)	)	PUNCT
gp-120	22	33	.	.	PUNCT
gp-120	23	1	specifically	specifically	ADV
gp-120	23	2	,	,	PUNCT
gp-120	23	3	companies	company	NOUN
gp-120	23	4	that	that	PRON
gp-120	23	5	disclose	disclose	VERB
gp-120	23	6	esg	esg	PROPN
gp-120	23	7	information	information	NOUN
gp-120	23	8	are	be	AUX
gp-120	23	9	more	more	ADV
gp-120	23	10	likely	likely	ADJ
gp-120	23	11	to	to	PART
gp-120	23	12	attract	attract	VERB
gp-120	23	13	investment	investment	NOUN
gp-120	23	14	from	from	ADP
gp-120	23	15	institutional	institutional	ADJ
gp-120	23	16	investors	investor	NOUN
gp-120	23	17	who	who	PRON
gp-120	23	18	prioritize	prioritize	VERB
gp-120	23	19	sustainability	sustainability	NOUN
gp-120	23	20	,	,	PUNCT
gp-120	23	21	thereby	thereby	ADV
gp-120	23	22	boosting	boost	VERB
gp-120	23	23	their	their	PRON
gp-120	23	24	market	market	NOUN
gp-120	23	25	value	value	NOUN
gp-120	23	26	and	and	CCONJ
gp-120	23	27	profitability	profitability	NOUN
gp-120	23	28	(	(	PUNCT
gp-120	23	29	atasel	atasel	NOUN
gp-120	23	30	et	et	PROPN
gp-120	23	31	al	al	PROPN
gp-120	23	32	.	.	PROPN
gp-120	23	33	,	,	PUNCT
gp-120	23	34	2020	2020	NUM
gp-120	23	35	)	)	PUNCT
gp-120	23	36	(	(	PUNCT
gp-120	23	37	ahmad	ahmad	PROPN
gp-120	23	38	,	,	PUNCT
gp-120	23	39	al	al	PROPN
gp-120	23	40	-	-	PUNCT
gp-120	23	41	amatullah	amatullah	PROPN
gp-120	23	42	,	,	PUNCT
gp-120	23	43	et	et	PROPN
gp-120	23	44	al	al	PROPN
gp-120	23	45	.	.	PROPN
gp-120	23	46	,	,	PUNCT
gp-120	23	47	2024	2024	NUM
gp-120	23	48	)	)	PUNCT
gp-120	23	49	.	.	PUNCT
gp-120	24	1	additionally	additionally	ADV
gp-120	24	2	,	,	PUNCT
gp-120	24	3	esg	esg	PROPN
gp-120	24	4	practices	practice	NOUN
gp-120	24	5	can	can	AUX
gp-120	24	6	contribute	contribute	VERB
gp-120	24	7	to	to	ADP
gp-120	24	8	a	a	DET
gp-120	24	9	firm	firm	NOUN
gp-120	24	10	's	's	PART
gp-120	24	11	competitive	competitive	ADJ
gp-120	24	12	advantage	advantage	NOUN
gp-120	24	13	by	by	ADP
gp-120	24	14	reducing	reduce	VERB
gp-120	24	15	operational	operational	ADJ
gp-120	24	16	risks	risk	NOUN
gp-120	24	17	,	,	PUNCT
gp-120	24	18	improving	improve	VERB
gp-120	24	19	stakeholder	stakeholder	NOUN
gp-120	24	20	relations	relation	NOUN
gp-120	24	21	,	,	PUNCT
gp-120	24	22	and	and	CCONJ
gp-120	24	23	fostering	foster	VERB
gp-120	24	24	innovation	innovation	NOUN
gp-120	24	25	(	(	PUNCT
gp-120	24	26	mamun	mamun	PROPN
gp-120	24	27	&	&	CCONJ
gp-120	24	28	shaikh	shaikh	PROPN
gp-120	24	29	,	,	PUNCT
gp-120	24	30	2018	2018	NUM
gp-120	24	31	)	)	PUNCT
gp-120	24	32	(	(	PUNCT
gp-120	24	33	ahmad	ahmad	PROPN
gp-120	24	34	,	,	PUNCT
gp-120	24	35	hidthiir	hidthiir	PROPN
gp-120	24	36	,	,	PUNCT
gp-120	24	37	et	et	PROPN
gp-120	24	38	al	al	PROPN
gp-120	24	39	.	.	PROPN
gp-120	24	40	,	,	PUNCT
gp-120	24	41	2024	2024	NUM
gp-120	24	42	)	)	PUNCT
gp-120	24	43	.	.	PUNCT
gp-120	25	1	however	however	ADV
gp-120	25	2	,	,	PUNCT
gp-120	25	3	the	the	DET
gp-120	25	4	strength	strength	NOUN
gp-120	25	5	and	and	CCONJ
gp-120	25	6	nature	nature	NOUN
gp-120	25	7	of	of	ADP
gp-120	25	8	this	this	DET
gp-120	25	9	relationship	relationship	NOUN
gp-120	25	10	can	can	AUX
gp-120	25	11	vary	vary	VERB
gp-120	25	12	based	base	VERB
gp-120	25	13	on	on	ADP
gp-120	25	14	firm	firm	ADJ
gp-120	25	15	size	size	NOUN
gp-120	25	16	,	,	PUNCT
gp-120	25	17	leverage	leverage	NOUN
gp-120	25	18	,	,	PUNCT
gp-120	25	19	and	and	CCONJ
gp-120	25	20	external	external	ADJ
gp-120	25	21	macroeconomic	macroeconomic	ADJ
gp-120	25	22	conditions	condition	NOUN
gp-120	25	23	.	.	PUNCT
gp-120	26	1	the	the	DET
gp-120	26	2	significance	significance	NOUN
gp-120	26	3	of	of	ADP
gp-120	26	4	this	this	DET
gp-120	26	5	study	study	NOUN
gp-120	26	6	lies	lie	VERB
gp-120	26	7	in	in	ADP
gp-120	26	8	its	its	PRON
gp-120	26	9	potential	potential	NOUN
gp-120	26	10	to	to	PART
gp-120	26	11	deepen	deepen	VERB
gp-120	26	12	the	the	DET
gp-120	26	13	understanding	understanding	NOUN
gp-120	26	14	of	of	ADP
gp-120	26	15	how	how	SCONJ
gp-120	26	16	esg	esg	NOUN
gp-120	26	17	disclosures	disclosure	NOUN
gp-120	26	18	impact	impact	VERB
gp-120	26	19	corporate	corporate	ADJ
gp-120	26	20	financial	financial	ADJ
gp-120	26	21	performance	performance	NOUN
gp-120	26	22	in	in	ADP
gp-120	26	23	a	a	DET
gp-120	26	24	rapidly	rapidly	ADV
gp-120	26	25	growing	grow	VERB
gp-120	26	26	and	and	CCONJ
gp-120	26	27	diverse	diverse	ADJ
gp-120	26	28	economic	economic	ADJ
gp-120	26	29	region	region	NOUN
gp-120	26	30	like	like	ADP
gp-120	26	31	asean	asean	PROPN
gp-120	26	32	.	.	PUNCT
gp-120	27	1	as	as	SCONJ
gp-120	27	2	global	global	ADJ
gp-120	27	3	sustainability	sustainability	NOUN
gp-120	27	4	standards	standard	NOUN
gp-120	27	5	and	and	CCONJ
gp-120	27	6	expectations	expectation	NOUN
gp-120	27	7	rise	rise	VERB
gp-120	27	8	,	,	PUNCT
gp-120	27	9	firms	firm	NOUN
gp-120	27	10	in	in	ADP
gp-120	27	11	emerging	emerge	VERB
gp-120	27	12	markets	market	NOUN
gp-120	27	13	such	such	ADJ
gp-120	27	14	as	as	ADP
gp-120	27	15	asean	asean	ADJ
gp-120	27	16	are	be	AUX
gp-120	27	17	under	under	ADP
gp-120	27	18	increasing	increase	VERB
gp-120	27	19	pressure	pressure	NOUN
gp-120	27	20	to	to	PART
gp-120	27	21	align	align	VERB
gp-120	27	22	with	with	ADP
gp-120	27	23	international	international	ADJ
gp-120	27	24	esg	esg	PROPN
gp-120	27	25	norms	norm	NOUN
gp-120	27	26	.	.	PUNCT
gp-120	28	1	this	this	DET
gp-120	28	2	study	study	NOUN
gp-120	28	3	provides	provide	VERB
gp-120	28	4	critical	critical	ADJ
gp-120	28	5	insights	insight	NOUN
gp-120	28	6	into	into	ADP
gp-120	28	7	whether	whether	SCONJ
gp-120	28	8	esg	esg	PROPN
gp-120	28	9	transparency	transparency	NOUN
gp-120	28	10	offers	offer	VERB
gp-120	28	11	measurable	measurable	ADJ
gp-120	28	12	financial	financial	ADJ
gp-120	28	13	benefits	benefit	NOUN
gp-120	28	14	to	to	ADP
gp-120	28	15	companies	company	NOUN
gp-120	28	16	operating	operate	VERB
gp-120	28	17	in	in	ADP
gp-120	28	18	these	these	DET
gp-120	28	19	countries	country	NOUN
gp-120	28	20	,	,	PUNCT
gp-120	28	21	which	which	PRON
gp-120	28	22	can	can	AUX
gp-120	28	23	guide	guide	VERB
gp-120	28	24	corporate	corporate	ADJ
gp-120	28	25	governance	governance	NOUN
gp-120	28	26	,	,	PUNCT
gp-120	28	27	investment	investment	NOUN
gp-120	28	28	decisions	decision	NOUN
gp-120	28	29	,	,	PUNCT
gp-120	28	30	and	and	CCONJ
gp-120	28	31	sustainability	sustainability	NOUN
gp-120	28	32	practices	practice	NOUN
gp-120	28	33	.	.	PUNCT
gp-120	29	1	furthermore	furthermore	ADV
gp-120	29	2	,	,	PUNCT
gp-120	29	3	understanding	understand	VERB
gp-120	29	4	the	the	DET
gp-120	29	5	financial	financial	ADJ
gp-120	29	6	consequences	consequence	NOUN
gp-120	29	7	of	of	ADP
gp-120	29	8	esg	esg	PROPN
gp-120	29	9	disclosures	disclosure	NOUN
gp-120	29	10	in	in	ADP
gp-120	29	11	asean	asean	PROPN
gp-120	29	12	can	can	AUX
gp-120	29	13	influence	influence	VERB
gp-120	29	14	regional	regional	ADJ
gp-120	29	15	policymakers	policymaker	NOUN
gp-120	29	16	to	to	PART
gp-120	29	17	design	design	VERB
gp-120	29	18	effective	effective	ADJ
gp-120	29	19	regulations	regulation	NOUN
gp-120	29	20	that	that	PRON
gp-120	29	21	promote	promote	VERB
gp-120	29	22	sustainable	sustainable	ADJ
gp-120	29	23	business	business	NOUN
gp-120	29	24	practices	practice	NOUN
gp-120	29	25	,	,	PUNCT
gp-120	29	26	contributing	contribute	VERB
gp-120	29	27	to	to	ADP
gp-120	29	28	long	long	ADJ
gp-120	29	29	-	-	PUNCT
gp-120	29	30	term	term	NOUN
gp-120	29	31	economic	economic	ADJ
gp-120	29	32	growth	growth	NOUN
gp-120	29	33	and	and	CCONJ
gp-120	29	34	resilience	resilience	NOUN
gp-120	29	35	.	.	PUNCT
gp-120	30	1	the	the	DET
gp-120	30	2	need	need	NOUN
gp-120	30	3	for	for	ADP
gp-120	30	4	this	this	DET
gp-120	30	5	study	study	NOUN
gp-120	30	6	stems	stem	VERB
gp-120	30	7	from	from	ADP
gp-120	30	8	the	the	DET
gp-120	30	9	unique	unique	ADJ
gp-120	30	10	challenges	challenge	NOUN
gp-120	30	11	faced	face	VERB
gp-120	30	12	by	by	ADP
gp-120	30	13	emerging	emerge	VERB
gp-120	30	14	economies	economy	NOUN
gp-120	30	15	in	in	ADP
gp-120	30	16	adopting	adopt	VERB
gp-120	30	17	and	and	CCONJ
gp-120	30	18	implementing	implement	VERB
gp-120	30	19	esg	esg	NOUN
gp-120	30	20	frameworks	framework	NOUN
gp-120	30	21	.	.	PUNCT
gp-120	31	1	unlike	unlike	ADP
gp-120	31	2	their	their	PRON
gp-120	31	3	counterparts	counterpart	NOUN
gp-120	31	4	in	in	ADP
gp-120	31	5	developed	develop	VERB
gp-120	31	6	markets	market	NOUN
gp-120	31	7	,	,	PUNCT
gp-120	31	8	companies	company	NOUN
gp-120	31	9	in	in	ADP
gp-120	31	10	asean	asean	ADJ
gp-120	31	11	countries	country	NOUN
gp-120	31	12	operate	operate	VERB
gp-120	31	13	in	in	ADP
gp-120	31	14	a	a	DET
gp-120	31	15	more	more	ADV
gp-120	31	16	volatile	volatile	ADJ
gp-120	31	17	economic	economic	ADJ
gp-120	31	18	environment	environment	NOUN
gp-120	31	19	,	,	PUNCT
gp-120	31	20	with	with	ADP
gp-120	31	21	varying	vary	VERB
gp-120	31	22	degrees	degree	NOUN
gp-120	31	23	of	of	ADP
gp-120	31	24	regulatory	regulatory	ADJ
gp-120	31	25	support	support	NOUN
gp-120	31	26	for	for	ADP
gp-120	31	27	esg	esg	PROPN
gp-120	31	28	disclosures	disclosure	NOUN
gp-120	31	29	.	.	PUNCT
gp-120	32	1	there	there	PRON
gp-120	32	2	is	be	VERB
gp-120	32	3	also	also	ADV
gp-120	32	4	limited	limit	VERB
gp-120	32	5	empirical	empirical	ADJ
gp-120	32	6	evidence	evidence	NOUN
gp-120	32	7	on	on	ADP
gp-120	32	8	how	how	SCONJ
gp-120	32	9	esg	esg	NOUN
gp-120	32	10	practices	practice	NOUN
gp-120	32	11	influence	influence	VERB
gp-120	32	12	financial	financial	ADJ
gp-120	32	13	performance	performance	NOUN
gp-120	32	14	in	in	ADP
gp-120	32	15	this	this	DET
gp-120	32	16	region	region	NOUN
gp-120	32	17	.	.	PUNCT
gp-120	33	1	while	while	SCONJ
gp-120	33	2	prior	prior	ADJ
gp-120	33	3	research	research	NOUN
gp-120	33	4	has	have	AUX
gp-120	33	5	primarily	primarily	ADV
gp-120	33	6	focused	focus	VERB
gp-120	33	7	on	on	ADP
gp-120	33	8	developed	develop	VERB
gp-120	33	9	markets	market	NOUN
gp-120	33	10	,	,	PUNCT
gp-120	33	11	this	this	DET
gp-120	33	12	study	study	NOUN
gp-120	33	13	aims	aim	VERB
gp-120	33	14	to	to	PART
gp-120	33	15	address	address	VERB
gp-120	33	16	this	this	DET
gp-120	33	17	gap	gap	NOUN
gp-120	33	18	by	by	ADP
gp-120	33	19	providing	provide	VERB
gp-120	33	20	regionaman	regionaman	PROPN
gp-120	33	21	khan	khan	PROPN
gp-120	33	22	burki	burki	PROPN
gp-120	33	23	,	,	PUNCT
gp-120	33	24	mohamed	mohamed	PROPN
gp-120	33	25	normen	normen	PROPN
gp-120	33	26	ahamed	ahamed	PROPN
gp-120	33	27	mafaz	mafaz	PROPN
gp-120	33	28	,	,	PUNCT
gp-120	33	29	zaki	zaki	PROPN
gp-120	33	30	ahmad	ahmad	PROPN
gp-120	33	31	,	,	PUNCT
gp-120	33	32	auni	auni	PROPN
gp-120	33	33	zulfaka	zulfaka	PROPN
gp-120	33	34	,	,	PUNCT
gp-120	33	35	ikhlas	ikhlas	PROPN
gp-120	33	36	al	al	PROPN
gp-120	33	37	-	-	PUNCT
gp-120	33	38	amatullah	amatullah	PROPN
gp-120	33	39	359	359	NUM
gp-120	33	40	specific	specific	ADJ
gp-120	33	41	insights	insight	NOUN
gp-120	33	42	.	.	PUNCT
gp-120	34	1	moreover	moreover	ADV
gp-120	34	2	,	,	PUNCT
gp-120	34	3	considering	consider	VERB
gp-120	34	4	the	the	DET
gp-120	34	5	global	global	ADJ
gp-120	34	6	shift	shift	NOUN
gp-120	34	7	toward	toward	ADP
gp-120	34	8	sustainable	sustainable	ADJ
gp-120	34	9	finance	finance	NOUN
gp-120	34	10	,	,	PUNCT
gp-120	34	11	investors	investor	NOUN
gp-120	34	12	require	require	VERB
gp-120	34	13	reliable	reliable	ADJ
gp-120	34	14	data	datum	NOUN
gp-120	34	15	on	on	ADP
gp-120	34	16	how	how	SCONJ
gp-120	34	17	esg	esg	NOUN
gp-120	34	18	factors	factor	NOUN
gp-120	34	19	affect	affect	VERB
gp-120	34	20	financial	financial	ADJ
gp-120	34	21	outcomes	outcome	NOUN
gp-120	34	22	in	in	ADP
gp-120	34	23	emerging	emerge	VERB
gp-120	34	24	markets	market	NOUN
gp-120	34	25	to	to	PART
gp-120	34	26	make	make	VERB
gp-120	34	27	informed	informed	ADJ
gp-120	34	28	investment	investment	NOUN
gp-120	34	29	decisions	decision	NOUN
gp-120	34	30	.	.	PUNCT
gp-120	35	1	this	this	DET
gp-120	35	2	research	research	NOUN
gp-120	35	3	,	,	PUNCT
gp-120	35	4	by	by	ADP
gp-120	35	5	focusing	focus	VERB
gp-120	35	6	on	on	ADP
gp-120	35	7	the	the	DET
gp-120	35	8	asean	asean	ADJ
gp-120	35	9	context	context	NOUN
gp-120	35	10	,	,	PUNCT
gp-120	35	11	seeks	seek	VERB
gp-120	35	12	to	to	PART
gp-120	35	13	fill	fill	VERB
gp-120	35	14	this	this	DET
gp-120	35	15	knowledge	knowledge	NOUN
gp-120	35	16	gap	gap	NOUN
gp-120	35	17	,	,	PUNCT
gp-120	35	18	offering	offer	VERB
gp-120	35	19	practical	practical	ADJ
gp-120	35	20	and	and	CCONJ
gp-120	35	21	policy	policy	NOUN
gp-120	35	22	-	-	PUNCT
gp-120	35	23	relevant	relevant	ADJ
gp-120	35	24	insights	insight	NOUN
gp-120	35	25	.	.	PUNCT
gp-120	36	1	this	this	DET
gp-120	36	2	study	study	NOUN
gp-120	36	3	aims	aim	VERB
gp-120	36	4	to	to	PART
gp-120	36	5	contribute	contribute	VERB
gp-120	36	6	to	to	ADP
gp-120	36	7	the	the	DET
gp-120	36	8	existing	exist	VERB
gp-120	36	9	body	body	NOUN
gp-120	36	10	of	of	ADP
gp-120	36	11	literature	literature	NOUN
gp-120	36	12	by	by	ADP
gp-120	36	13	examining	examine	VERB
gp-120	36	14	the	the	DET
gp-120	36	15	impact	impact	NOUN
gp-120	36	16	of	of	ADP
gp-120	36	17	esg	esg	NOUN
gp-120	36	18	disclosures	disclosure	NOUN
gp-120	36	19	on	on	ADP
gp-120	36	20	the	the	DET
gp-120	36	21	financial	financial	ADJ
gp-120	36	22	performance	performance	NOUN
gp-120	36	23	of	of	ADP
gp-120	36	24	listed	list	VERB
gp-120	36	25	companies	company	NOUN
gp-120	36	26	in	in	ADP
gp-120	36	27	the	the	DET
gp-120	36	28	asean	asean	ADJ
gp-120	36	29	region	region	NOUN
gp-120	36	30	.	.	PUNCT
gp-120	37	1	utilizing	utilize	VERB
gp-120	37	2	a	a	DET
gp-120	37	3	dynamic	dynamic	ADJ
gp-120	37	4	generalized	generalized	ADJ
gp-120	37	5	method	method	NOUN
gp-120	37	6	of	of	ADP
gp-120	37	7	moments	moment	NOUN
gp-120	37	8	(	(	PUNCT
gp-120	37	9	gmm	gmm	NOUN
gp-120	37	10	)	)	PUNCT
gp-120	37	11	approach	approach	NOUN
gp-120	37	12	,	,	PUNCT
gp-120	37	13	the	the	DET
gp-120	37	14	research	research	NOUN
gp-120	37	15	addresses	address	VERB
gp-120	37	16	potential	potential	ADJ
gp-120	37	17	endogeneity	endogeneity	NOUN
gp-120	37	18	concerns	concern	NOUN
gp-120	37	19	to	to	PART
gp-120	37	20	accurately	accurately	ADV
gp-120	37	21	assess	assess	VERB
gp-120	37	22	the	the	DET
gp-120	37	23	relationship	relationship	NOUN
gp-120	37	24	between	between	ADP
gp-120	37	25	esg	esg	NOUN
gp-120	37	26	transparency	transparency	NOUN
gp-120	37	27	and	and	CCONJ
gp-120	37	28	key	key	ADJ
gp-120	37	29	financial	financial	ADJ
gp-120	37	30	performance	performance	NOUN
gp-120	37	31	indicators	indicator	NOUN
gp-120	37	32	,	,	PUNCT
gp-120	37	33	such	such	ADJ
gp-120	37	34	as	as	ADP
gp-120	37	35	return	return	NOUN
gp-120	37	36	on	on	ADP
gp-120	37	37	assets	asset	NOUN
gp-120	37	38	(	(	PUNCT
gp-120	37	39	roa	roa	NOUN
gp-120	37	40	)	)	PUNCT
gp-120	37	41	,	,	PUNCT
gp-120	37	42	return	return	VERB
gp-120	37	43	on	on	ADP
gp-120	37	44	equity	equity	NOUN
gp-120	37	45	(	(	PUNCT
gp-120	37	46	roe	roe	PROPN
gp-120	37	47	)	)	PUNCT
gp-120	37	48	,	,	PUNCT
gp-120	37	49	and	and	CCONJ
gp-120	37	50	market	market	NOUN
gp-120	37	51	value	value	NOUN
gp-120	37	52	.	.	PUNCT
gp-120	38	1	the	the	DET
gp-120	38	2	analysis	analysis	NOUN
gp-120	38	3	spans	span	VERB
gp-120	38	4	the	the	DET
gp-120	38	5	period	period	NOUN
gp-120	38	6	from	from	ADP
gp-120	38	7	2013	2013	NUM
gp-120	38	8	to	to	ADP
gp-120	38	9	2022	2022	NUM
gp-120	38	10	,	,	PUNCT
gp-120	38	11	covering	cover	VERB
gp-120	38	12	67	67	NUM
gp-120	38	13	firms	firm	NOUN
gp-120	38	14	across	across	ADP
gp-120	38	15	five	five	NUM
gp-120	38	16	asean	asean	ADJ
gp-120	38	17	countries	country	NOUN
gp-120	38	18	:	:	PUNCT
gp-120	38	19	malaysia	malaysia	PROPN
gp-120	38	20	,	,	PUNCT
gp-120	38	21	indonesia	indonesia	PROPN
gp-120	38	22	,	,	PUNCT
gp-120	38	23	the	the	DET
gp-120	38	24	philippines	philippine	NOUN
gp-120	38	25	,	,	PUNCT
gp-120	38	26	singapore	singapore	PROPN
gp-120	38	27	,	,	PUNCT
gp-120	38	28	and	and	CCONJ
gp-120	38	29	thailand	thailand	PROPN
gp-120	38	30	.	.	PUNCT
gp-120	39	1	the	the	DET
gp-120	39	2	findings	finding	NOUN
gp-120	39	3	are	be	AUX
gp-120	39	4	expected	expect	VERB
gp-120	39	5	to	to	PART
gp-120	39	6	shed	shed	VERB
gp-120	39	7	light	light	NOUN
gp-120	39	8	on	on	ADP
gp-120	39	9	the	the	DET
gp-120	39	10	role	role	NOUN
gp-120	39	11	of	of	ADP
gp-120	39	12	firm	firm	ADJ
gp-120	39	13	size	size	NOUN
gp-120	39	14	,	,	PUNCT
gp-120	39	15	leverage	leverage	NOUN
gp-120	39	16	,	,	PUNCT
gp-120	39	17	and	and	CCONJ
gp-120	39	18	macroeconomic	macroeconomic	ADJ
gp-120	39	19	factors	factor	NOUN
gp-120	39	20	in	in	ADP
gp-120	39	21	shaping	shape	VERB
gp-120	39	22	the	the	DET
gp-120	39	23	financial	financial	ADJ
gp-120	39	24	outcomes	outcome	NOUN
gp-120	39	25	of	of	ADP
gp-120	39	26	firms	firm	NOUN
gp-120	39	27	with	with	ADP
gp-120	39	28	varying	vary	VERB
gp-120	39	29	degrees	degree	NOUN
gp-120	39	30	of	of	ADP
gp-120	39	31	esg	esg	NOUN
gp-120	39	32	transparency	transparency	NOUN
gp-120	39	33	.	.	PUNCT
gp-120	40	1	additionally	additionally	ADV
gp-120	40	2	,	,	PUNCT
gp-120	40	3	the	the	DET
gp-120	40	4	study	study	NOUN
gp-120	40	5	will	will	AUX
gp-120	40	6	provide	provide	VERB
gp-120	40	7	important	important	ADJ
gp-120	40	8	policy	policy	NOUN
gp-120	40	9	insights	insight	NOUN
gp-120	40	10	for	for	ADP
gp-120	40	11	promoting	promote	VERB
gp-120	40	12	sustainable	sustainable	ADJ
gp-120	40	13	corporate	corporate	ADJ
gp-120	40	14	practices	practice	NOUN
gp-120	40	15	in	in	ADP
gp-120	40	16	the	the	DET
gp-120	40	17	region	region	NOUN
gp-120	40	18	.	.	PUNCT
gp-120	41	1	the	the	DET
gp-120	41	2	structure	structure	NOUN
gp-120	41	3	of	of	ADP
gp-120	41	4	this	this	DET
gp-120	41	5	paper	paper	NOUN
gp-120	41	6	is	be	AUX
gp-120	41	7	as	as	SCONJ
gp-120	41	8	follows	follow	VERB
gp-120	41	9	:	:	PUNCT
gp-120	41	10	section	section	NOUN
gp-120	41	11	2	2	NUM
gp-120	41	12	provides	provide	VERB
gp-120	41	13	a	a	DET
gp-120	41	14	comprehensive	comprehensive	ADJ
gp-120	41	15	review	review	NOUN
gp-120	41	16	of	of	ADP
gp-120	41	17	the	the	DET
gp-120	41	18	existing	exist	VERB
gp-120	41	19	literature	literature	NOUN
gp-120	41	20	on	on	ADP
gp-120	41	21	esg	esg	PROPN
gp-120	41	22	disclosures	disclosure	NOUN
gp-120	41	23	and	and	CCONJ
gp-120	41	24	their	their	PRON
gp-120	41	25	impact	impact	NOUN
gp-120	41	26	on	on	ADP
gp-120	41	27	financial	financial	ADJ
gp-120	41	28	performance	performance	NOUN
gp-120	41	29	.	.	PUNCT
gp-120	42	1	section	section	NOUN
gp-120	42	2	3	3	NUM
gp-120	42	3	outlines	outline	VERB
gp-120	42	4	the	the	DET
gp-120	42	5	methodology	methodology	NOUN
gp-120	42	6	and	and	CCONJ
gp-120	42	7	data	datum	NOUN
gp-120	42	8	employed	employ	VERB
gp-120	42	9	in	in	ADP
gp-120	42	10	the	the	DET
gp-120	42	11	study	study	NOUN
gp-120	42	12	.	.	PUNCT
gp-120	43	1	in	in	ADP
gp-120	43	2	section	section	NOUN
gp-120	43	3	4	4	NUM
gp-120	43	4	,	,	PUNCT
gp-120	43	5	the	the	DET
gp-120	43	6	results	result	NOUN
gp-120	43	7	are	be	AUX
gp-120	43	8	presented	present	VERB
gp-120	43	9	and	and	CCONJ
gp-120	43	10	analyzed	analyze	VERB
gp-120	43	11	,	,	PUNCT
gp-120	43	12	followed	follow	VERB
gp-120	43	13	by	by	ADP
gp-120	43	14	a	a	DET
gp-120	43	15	detailed	detailed	ADJ
gp-120	43	16	discussion	discussion	NOUN
gp-120	43	17	of	of	ADP
gp-120	43	18	the	the	DET
gp-120	43	19	findings	finding	NOUN
gp-120	43	20	in	in	ADP
gp-120	43	21	section	section	NOUN
gp-120	43	22	5	5	NUM
gp-120	43	23	.	.	PUNCT
gp-120	43	24	section	section	NOUN
gp-120	43	25	6	6	NUM
gp-120	43	26	offers	offer	VERB
gp-120	43	27	policy	policy	NOUN
gp-120	43	28	recommendations	recommendation	NOUN
gp-120	43	29	based	base	VERB
gp-120	43	30	on	on	ADP
gp-120	43	31	the	the	DET
gp-120	43	32	study	study	NOUN
gp-120	43	33	's	's	PART
gp-120	43	34	insights	insight	NOUN
gp-120	43	35	,	,	PUNCT
gp-120	43	36	while	while	SCONJ
gp-120	43	37	the	the	DET
gp-120	43	38	conclusion	conclusion	NOUN
gp-120	43	39	is	be	AUX
gp-120	43	40	presented	present	VERB
gp-120	43	41	in	in	ADP
gp-120	43	42	section	section	NOUN
gp-120	43	43	7	7	NUM
gp-120	43	44	.	.	PUNCT
gp-120	43	45	research	research	NOUN
gp-120	43	46	methods	method	NOUN
gp-120	43	47	this	this	DET
gp-120	43	48	study	study	NOUN
gp-120	43	49	adopts	adopt	VERB
gp-120	43	50	a	a	DET
gp-120	43	51	quantitative	quantitative	ADJ
gp-120	43	52	research	research	NOUN
gp-120	43	53	design	design	NOUN
gp-120	43	54	using	use	VERB
gp-120	43	55	panel	panel	NOUN
gp-120	43	56	data	datum	NOUN
gp-120	43	57	to	to	PART
gp-120	43	58	examine	examine	VERB
gp-120	43	59	the	the	DET
gp-120	43	60	impact	impact	NOUN
gp-120	43	61	of	of	ADP
gp-120	43	62	esg	esg	NOUN
gp-120	43	63	disclosures	disclosure	NOUN
gp-120	43	64	on	on	ADP
gp-120	43	65	the	the	DET
gp-120	43	66	financial	financial	ADJ
gp-120	43	67	performance	performance	NOUN
gp-120	43	68	of	of	ADP
gp-120	43	69	listed	list	VERB
gp-120	43	70	companies	company	NOUN
gp-120	43	71	in	in	ADP
gp-120	43	72	asean	asean	PROPN
gp-120	43	73	's	's	PART
gp-120	43	74	5	5	NUM
gp-120	43	75	countries	country	NOUN
gp-120	43	76	,	,	PUNCT
gp-120	43	77	namely	namely	ADV
gp-120	43	78	malaysia	malaysia	PROPN
gp-120	43	79	,	,	PUNCT
gp-120	43	80	indonesia	indonesia	PROPN
gp-120	43	81	,	,	PUNCT
gp-120	43	82	philippines	philippine	NOUN
gp-120	43	83	,	,	PUNCT
gp-120	43	84	singapore	singapore	PROPN
gp-120	43	85	,	,	PUNCT
gp-120	43	86	and	and	CCONJ
gp-120	43	87	thailand	thailand	PROPN
gp-120	43	88	.	.	PUNCT
gp-120	44	1	the	the	DET
gp-120	44	2	analysis	analysis	NOUN
gp-120	44	3	spans	span	VERB
gp-120	44	4	the	the	DET
gp-120	44	5	period	period	NOUN
gp-120	44	6	from	from	ADP
gp-120	44	7	2013	2013	NUM
gp-120	44	8	to	to	ADP
gp-120	44	9	2022	2022	NUM
gp-120	44	10	for	for	ADP
gp-120	44	11	67	67	NUM
gp-120	44	12	companies	company	NOUN
gp-120	44	13	and	and	CCONJ
gp-120	44	14	uses	use	VERB
gp-120	44	15	key	key	ADJ
gp-120	44	16	financial	financial	ADJ
gp-120	44	17	performance	performance	NOUN
gp-120	44	18	indicators	indicator	NOUN
gp-120	44	19	,	,	PUNCT
gp-120	44	20	including	include	VERB
gp-120	44	21	return	return	NOUN
gp-120	44	22	on	on	ADP
gp-120	44	23	assets	asset	NOUN
gp-120	44	24	(	(	PUNCT
gp-120	44	25	roa	roa	NOUN
gp-120	44	26	)	)	PUNCT
gp-120	44	27	,	,	PUNCT
gp-120	44	28	return	return	VERB
gp-120	44	29	on	on	ADP
gp-120	44	30	equity	equity	NOUN
gp-120	44	31	(	(	PUNCT
gp-120	44	32	roe	roe	PROPN
gp-120	44	33	)	)	PUNCT
gp-120	44	34	,	,	PUNCT
gp-120	44	35	and	and	CCONJ
gp-120	44	36	market	market	NOUN
gp-120	44	37	value	value	NOUN
gp-120	44	38	.	.	PUNCT
gp-120	45	1	the	the	DET
gp-120	45	2	independent	independent	ADJ
gp-120	45	3	variable	variable	NOUN
gp-120	45	4	,	,	PUNCT
gp-120	45	5	esg	esg	PROPN
gp-120	45	6	disclosure	disclosure	NOUN
gp-120	45	7	,	,	PUNCT
gp-120	45	8	is	be	AUX
gp-120	45	9	sourced	source	VERB
gp-120	45	10	from	from	ADP
gp-120	45	11	sustainability	sustainability	NOUN
gp-120	45	12	reports	report	NOUN
gp-120	45	13	and	and	CCONJ
gp-120	45	14	third	third	ADJ
gp-120	45	15	-	-	PUNCT
gp-120	45	16	party	party	NOUN
gp-120	45	17	esg	esg	NOUN
gp-120	45	18	ratings	rating	NOUN
gp-120	45	19	databases	database	NOUN
gp-120	45	20	.	.	PUNCT
gp-120	46	1	data	datum	NOUN
gp-120	46	2	collection	collection	NOUN
gp-120	46	3	the	the	DET
gp-120	46	4	data	datum	NOUN
gp-120	46	5	used	use	VERB
gp-120	46	6	in	in	ADP
gp-120	46	7	this	this	DET
gp-120	46	8	research	research	NOUN
gp-120	46	9	are	be	AUX
gp-120	46	10	gathered	gather	VERB
gp-120	46	11	from	from	ADP
gp-120	46	12	two	two	NUM
gp-120	46	13	main	main	ADJ
gp-120	46	14	sources	source	NOUN
gp-120	46	15	:	:	PUNCT
gp-120	46	16	esg	esg	PROPN
gp-120	46	17	disclosure	disclosure	NOUN
gp-120	46	18	scores	score	NOUN
gp-120	46	19	are	be	AUX
gp-120	46	20	obtained	obtain	VERB
gp-120	46	21	from	from	ADP
gp-120	46	22	established	establish	VERB
gp-120	46	23	databases	database	NOUN
gp-120	46	24	such	such	ADJ
gp-120	46	25	as	as	ADP
gp-120	46	26	bloomberg	bloomberg	PROPN
gp-120	46	27	,	,	PUNCT
gp-120	46	28	refinitiv	refinitiv	PROPN
gp-120	46	29	,	,	PUNCT
gp-120	46	30	and	and	CCONJ
gp-120	46	31	company	company	NOUN
gp-120	46	32	-	-	PUNCT
gp-120	46	33	issued	issue	VERB
gp-120	46	34	sustainability	sustainability	NOUN
gp-120	46	35	reports	report	NOUN
gp-120	46	36	.	.	PUNCT
gp-120	47	1	these	these	DET
gp-120	47	2	sources	source	NOUN
gp-120	47	3	provide	provide	VERB
gp-120	47	4	standardized	standardized	ADJ
gp-120	47	5	esg	esg	NOUN
gp-120	47	6	metrics	metric	NOUN
gp-120	47	7	,	,	PUNCT
gp-120	47	8	which	which	PRON
gp-120	47	9	are	be	AUX
gp-120	47	10	widely	widely	ADV
gp-120	47	11	used	use	VERB
gp-120	47	12	in	in	ADP
gp-120	47	13	academic	academic	ADJ
gp-120	47	14	and	and	CCONJ
gp-120	47	15	industry	industry	NOUN
gp-120	47	16	research	research	NOUN
gp-120	47	17	(	(	PUNCT
gp-120	47	18	friede	friede	NOUN
gp-120	47	19	et	et	PROPN
gp-120	47	20	al	al	PROPN
gp-120	47	21	.	.	PROPN
gp-120	47	22	,	,	PUNCT
gp-120	47	23	2015	2015	NUM
gp-120	47	24	)	)	PUNCT
gp-120	47	25	(	(	PUNCT
gp-120	47	26	velte	velte	NOUN
gp-120	47	27	,	,	PUNCT
gp-120	47	28	2017	2017	NUM
gp-120	47	29	)	)	PUNCT
gp-120	47	30	.	.	PUNCT
gp-120	48	1	financial	financial	ADJ
gp-120	48	2	performance	performance	NOUN
gp-120	48	3	metrics	metric	NOUN
gp-120	48	4	,	,	PUNCT
gp-120	48	5	such	such	ADJ
gp-120	48	6	as	as	ADP
gp-120	48	7	roa	roa	PROPN
gp-120	48	8	and	and	CCONJ
gp-120	48	9	roe	roe	PROPN
gp-120	48	10	,	,	PUNCT
gp-120	48	11	are	be	AUX
gp-120	48	12	collected	collect	VERB
gp-120	48	13	from	from	ADP
gp-120	48	14	publicly	publicly	ADV
gp-120	48	15	available	available	ADJ
gp-120	48	16	financial	financial	ADJ
gp-120	48	17	statements	statement	NOUN
gp-120	48	18	and	and	CCONJ
gp-120	48	19	commercial	commercial	ADJ
gp-120	48	20	databases	database	NOUN
gp-120	48	21	such	such	ADJ
gp-120	48	22	as	as	ADP
gp-120	48	23	legrand	legrand	PROPN
gp-120	48	24	et	et	PROPN
gp-120	48	25	al	al	PROPN
gp-120	48	26	.	.	PROPN
gp-120	48	27	,	,	PUNCT
gp-120	48	28	eikon	eikon	PROPN
gp-120	48	29	,	,	PUNCT
gp-120	48	30	and	and	CCONJ
gp-120	48	31	bloomberg	bloomberg	PROPN
gp-120	48	32	.	.	PUNCT
gp-120	49	1	these	these	DET
gp-120	49	2	databases	database	NOUN
gp-120	49	3	provide	provide	VERB
gp-120	49	4	consistent	consistent	ADJ
gp-120	49	5	and	and	CCONJ
gp-120	49	6	reliable	reliable	ADJ
gp-120	49	7	financial	financial	ADJ
gp-120	49	8	data	datum	NOUN
gp-120	49	9	for	for	ADP
gp-120	49	10	listed	list	VERB
gp-120	49	11	firms	firm	NOUN
gp-120	49	12	(	(	PUNCT
gp-120	49	13	gerged	gerge	VERB
gp-120	49	14	et	et	PROPN
gp-120	49	15	al	al	PROPN
gp-120	49	16	.	.	PROPN
gp-120	49	17	,	,	PUNCT
gp-120	49	18	2018	2018	NUM
gp-120	49	19	)	)	PUNCT
gp-120	49	20	.	.	PUNCT
gp-120	50	1	the	the	DET
gp-120	50	2	final	final	ADJ
gp-120	50	3	sample	sample	NOUN
gp-120	50	4	includes	include	VERB
gp-120	50	5	firms	firm	NOUN
gp-120	50	6	with	with	ADP
gp-120	50	7	complete	complete	ADJ
gp-120	50	8	esg	esg	PROPN
gp-120	50	9	and	and	CCONJ
gp-120	50	10	financial	financial	ADJ
gp-120	50	11	data	datum	NOUN
gp-120	50	12	over	over	ADP
gp-120	50	13	the	the	DET
gp-120	50	14	study	study	NOUN
gp-120	50	15	period	period	NOUN
gp-120	50	16	.	.	PUNCT
gp-120	51	1	missing	miss	VERB
gp-120	51	2	data	datum	NOUN
gp-120	51	3	points	point	NOUN
gp-120	51	4	are	be	AUX
gp-120	51	5	addressed	address	VERB
gp-120	51	6	using	use	VERB
gp-120	51	7	linear	linear	ADJ
gp-120	51	8	interpolation	interpolation	NOUN
gp-120	51	9	to	to	PART
gp-120	51	10	preserve	preserve	VERB
gp-120	51	11	the	the	DET
gp-120	51	12	integrity	integrity	NOUN
gp-120	51	13	of	of	ADP
gp-120	51	14	the	the	DET
gp-120	51	15	panel	panel	NOUN
gp-120	51	16	dataset	dataset	VERB
gp-120	51	17	(	(	PUNCT
gp-120	51	18	papke	papke	PROPN
gp-120	51	19	&	&	CCONJ
gp-120	51	20	wooldridge	wooldridge	PROPN
gp-120	51	21	,	,	PUNCT
gp-120	51	22	2023	2023	NUM
gp-120	51	23	)	)	PUNCT
gp-120	51	24	.	.	PUNCT
gp-120	52	1	american	american	PROPN
gp-120	52	2	journal	journal	PROPN
gp-120	52	3	of	of	ADP
gp-120	52	4	economic	economic	ADJ
gp-120	52	5	and	and	CCONJ
gp-120	52	6	management	management	NOUN
gp-120	52	7	business	business	NOUN
gp-120	52	8	vol	vol	NOUN
gp-120	52	9	.	.	PROPN
gp-120	53	1	3	3	NUM
gp-120	53	2	no	no	NOUN
gp-120	53	3	.	.	PUNCT
gp-120	54	1	10	10	NUM
gp-120	54	2	oktober	oktober	NOUN
gp-120	54	3	2024	2024	NUM
gp-120	54	4	360	360	NUM
gp-120	54	5	model	model	NOUN
gp-120	54	6	specification	specification	NOUN
gp-120	54	7	to	to	PART
gp-120	54	8	address	address	VERB
gp-120	54	9	concerns	concern	NOUN
gp-120	54	10	about	about	ADP
gp-120	54	11	endogeneity	endogeneity	NOUN
gp-120	54	12	,	,	PUNCT
gp-120	54	13	a	a	DET
gp-120	54	14	dynamic	dynamic	ADJ
gp-120	54	15	panel	panel	NOUN
gp-120	54	16	model	model	NOUN
gp-120	54	17	is	be	AUX
gp-120	54	18	employed	employ	VERB
gp-120	54	19	using	use	VERB
gp-120	54	20	the	the	DET
gp-120	54	21	generalized	generalized	ADJ
gp-120	54	22	method	method	NOUN
gp-120	54	23	of	of	ADP
gp-120	54	24	moments	moment	NOUN
gp-120	54	25	(	(	PUNCT
gp-120	54	26	gmm	gmm	NOUN
gp-120	54	27	)	)	PUNCT
gp-120	54	28	estimator	estimator	NOUN
gp-120	54	29	.	.	PUNCT
gp-120	55	1	gmm	gmm	PROPN
gp-120	55	2	is	be	AUX
gp-120	55	3	particularly	particularly	ADV
gp-120	55	4	suitable	suitable	ADJ
gp-120	55	5	for	for	ADP
gp-120	55	6	this	this	DET
gp-120	55	7	study	study	NOUN
gp-120	55	8	because	because	SCONJ
gp-120	55	9	it	it	PRON
gp-120	55	10	corrects	correct	VERB
gp-120	55	11	for	for	ADP
gp-120	55	12	potential	potential	ADJ
gp-120	55	13	biases	bias	NOUN
gp-120	55	14	from	from	ADP
gp-120	55	15	unobserved	unobserved	ADJ
gp-120	55	16	heterogeneity	heterogeneity	NOUN
gp-120	55	17	,	,	PUNCT
gp-120	55	18	autocorrelation	autocorrelation	NOUN
gp-120	55	19	,	,	PUNCT
gp-120	55	20	and	and	CCONJ
gp-120	55	21	simultaneity	simultaneity	NOUN
gp-120	55	22	(	(	PUNCT
gp-120	55	23	soegiarto	soegiarto	PROPN
gp-120	55	24	et	et	PROPN
gp-120	55	25	al	al	PROPN
gp-120	55	26	.	.	PROPN
gp-120	55	27	,	,	PUNCT
gp-120	55	28	2022	2022	NUM
gp-120	55	29	)	)	PUNCT
gp-120	55	30	(	(	PUNCT
gp-120	55	31	blundell	blundell	PROPN
gp-120	55	32	&	&	CCONJ
gp-120	55	33	bond	bond	PROPN
gp-120	55	34	,	,	PUNCT
gp-120	55	35	2023	2023	NUM
gp-120	55	36	)	)	PUNCT
gp-120	55	37	.	.	PUNCT
gp-120	56	1	this	this	DET
gp-120	56	2	method	method	NOUN
gp-120	56	3	allows	allow	VERB
gp-120	56	4	for	for	ADP
gp-120	56	5	a	a	DET
gp-120	56	6	more	more	ADV
gp-120	56	7	accurate	accurate	ADJ
gp-120	56	8	estimation	estimation	NOUN
gp-120	56	9	of	of	ADP
gp-120	56	10	the	the	DET
gp-120	56	11	relationship	relationship	NOUN
gp-120	56	12	between	between	ADP
gp-120	56	13	esg	esg	NOUN
gp-120	56	14	disclosures	disclosure	NOUN
gp-120	56	15	and	and	CCONJ
gp-120	56	16	financial	financial	ADJ
gp-120	56	17	performance	performance	NOUN
gp-120	56	18	,	,	PUNCT
gp-120	56	19	reducing	reduce	VERB
gp-120	56	20	the	the	DET
gp-120	56	21	risk	risk	NOUN
gp-120	56	22	of	of	ADP
gp-120	56	23	biased	biased	ADJ
gp-120	56	24	coefficients	coefficient	NOUN
gp-120	56	25	due	due	ADJ
gp-120	56	26	to	to	ADP
gp-120	56	27	omitted	omit	VERB
gp-120	56	28	variables	variable	NOUN
gp-120	56	29	or	or	CCONJ
gp-120	56	30	reverse	reverse	ADJ
gp-120	56	31	causality	causality	NOUN
gp-120	56	32	.	.	PUNCT
gp-120	57	1	the	the	DET
gp-120	57	2	baseline	baseline	ADJ
gp-120	57	3	dynamic	dynamic	ADJ
gp-120	57	4	model	model	NOUN
gp-120	57	5	is	be	AUX
gp-120	57	6	as	as	SCONJ
gp-120	57	7	follows	follow	VERB
gp-120	57	8	:	:	PUNCT
gp-120	57	9	fpitc	fpitc	NOUN
gp-120	57	10	=	=	PUNCT
gp-120	57	11	0	0	PUNCT
gp-120	58	1	+	+	PUNCT
gp-120	58	2	β1fpitc-1	β1fpitc-1	NUM
gp-120	58	3	+	+	NUM
gp-120	58	4	β2esg	β2esg	NUM
gp-120	58	5	disclosureitc	disclosureitc	NOUN
gp-120	58	6	+	+	CCONJ
gp-120	58	7	β3sizeitc	β3sizeitc	PROPN
gp-120	59	1	+	+	PRON
gp-120	59	2	β4lvrgitc	β4lvrgitc	VERB
gp-120	60	1	+	+	ADJ
gp-120	60	2	β5gdpgitc	β5gdpgitc	ADJ
gp-120	60	3	+	+	CCONJ
gp-120	60	4	εitc	εitc	ADJ
gp-120	60	5	in	in	ADP
gp-120	60	6	the	the	DET
gp-120	60	7	above	above	ADJ
gp-120	60	8	models	model	NOUN
gp-120	60	9	,	,	PUNCT
gp-120	60	10	α0	α0	PROPN
gp-120	60	11	stands	stand	VERB
gp-120	60	12	for	for	ADP
gp-120	60	13	intercept	intercept	NOUN
gp-120	60	14	;	;	PUNCT
gp-120	60	15	i	i	PRON
gp-120	60	16	represents	represent	VERB
gp-120	60	17	the	the	DET
gp-120	60	18	firm	firm	NOUN
gp-120	60	19	,	,	PUNCT
gp-120	60	20	t	t	PROPN
gp-120	60	21	stands	stand	VERB
gp-120	60	22	for	for	ADP
gp-120	60	23	the	the	DET
gp-120	60	24	time	time	NOUN
gp-120	60	25	,	,	PUNCT
gp-120	60	26	c	c	PROPN
gp-120	60	27	stands	stand	VERB
gp-120	60	28	for	for	ADP
gp-120	60	29	the	the	DET
gp-120	60	30	country	country	NOUN
gp-120	60	31	,	,	PUNCT
gp-120	60	32	and	and	CCONJ
gp-120	60	33	financial	financial	ADJ
gp-120	60	34	performance	performance	NOUN
gp-120	60	35	shows	show	VERB
gp-120	60	36	the	the	DET
gp-120	60	37	performance	performance	NOUN
gp-120	60	38	of	of	ADP
gp-120	60	39	roa	roa	NOUN
gp-120	60	40	and	and	CCONJ
gp-120	60	41	roe	roe	PROPN
gp-120	60	42	.	.	PUNCT
gp-120	61	1	fp	fp	PROPN
gp-120	61	2	is	be	AUX
gp-120	61	3	the	the	DET
gp-120	61	4	firm	firm	NOUN
gp-120	61	5	’s	’s	PART
gp-120	61	6	financial	financial	ADJ
gp-120	61	7	performance	performance	NOUN
gp-120	61	8	.	.	PUNCT
gp-120	62	1	fpitc-1	fpitc-1	NUM
gp-120	62	2	is	be	AUX
gp-120	62	3	the	the	DET
gp-120	62	4	one	one	NUM
gp-120	62	5	period	period	NOUN
gp-120	62	6	lagged	lag	VERB
gp-120	62	7	for	for	ADP
gp-120	62	8	the	the	DET
gp-120	62	9	dependent	dependent	ADJ
gp-120	62	10	variable	variable	NOUN
gp-120	62	11	i.e.	i.e.	X
gp-120	62	12	,	,	PUNCT
gp-120	62	13	fp	fp	X
gp-120	62	14	.	.	PROPN
gp-120	62	15	esg	esg	PROPN
gp-120	62	16	is	be	AUX
gp-120	62	17	the	the	DET
gp-120	62	18	nonfinancial	nonfinancial	ADJ
gp-120	62	19	disclosure	disclosure	NOUN
gp-120	62	20	of	of	ADP
gp-120	62	21	the	the	DET
gp-120	62	22	firms	firm	NOUN
gp-120	62	23	.	.	PUNCT
gp-120	63	1	lvrg	lvrg	NOUN
gp-120	63	2	and	and	CCONJ
gp-120	63	3	age	age	NOUN
gp-120	63	4	denote	denote	VERB
gp-120	63	5	the	the	DET
gp-120	63	6	firm	firm	ADJ
gp-120	63	7	-	-	PUNCT
gp-120	63	8	specific	specific	ADJ
gp-120	63	9	characteristics	characteristic	NOUN
gp-120	63	10	that	that	PRON
gp-120	63	11	might	might	AUX
gp-120	63	12	affect	affect	VERB
gp-120	63	13	the	the	DET
gp-120	63	14	performance	performance	NOUN
gp-120	63	15	of	of	ADP
gp-120	63	16	firms	firm	NOUN
gp-120	63	17	.	.	PUNCT
gp-120	64	1	gdpg	gdpg	PROPN
gp-120	64	2	indicates	indicate	VERB
gp-120	64	3	the	the	DET
gp-120	64	4	gdp	gdp	NOUN
gp-120	64	5	growth	growth	NOUN
gp-120	64	6	rate	rate	NOUN
gp-120	64	7	used	use	VERB
gp-120	64	8	to	to	PART
gp-120	64	9	control	control	VERB
gp-120	64	10	for	for	ADP
gp-120	64	11	country	country	NOUN
gp-120	64	12	-	-	PUNCT
gp-120	64	13	specific	specific	ADJ
gp-120	64	14	heterogeneity	heterogeneity	NOUN
gp-120	64	15	.	.	PUNCT
gp-120	65	1	ε	ε	PROPN
gp-120	65	2	indicates	indicate	VERB
gp-120	65	3	the	the	DET
gp-120	65	4	error	error	NOUN
gp-120	65	5	term	term	NOUN
gp-120	65	6	in	in	ADP
gp-120	65	7	both	both	DET
gp-120	65	8	models	model	NOUN
gp-120	65	9	.	.	PUNCT
gp-120	66	1	control	control	NOUN
gp-120	66	2	variables	variable	NOUN
gp-120	66	3	firm	firm	ADJ
gp-120	66	4	size	size	NOUN
gp-120	66	5	is	be	AUX
gp-120	66	6	measured	measure	VERB
gp-120	66	7	as	as	ADP
gp-120	66	8	the	the	DET
gp-120	66	9	logarithm	logarithm	NOUN
gp-120	66	10	of	of	ADP
gp-120	66	11	total	total	ADJ
gp-120	66	12	assets	asset	NOUN
gp-120	66	13	;	;	PUNCT
gp-120	66	14	firm	firm	ADJ
gp-120	66	15	size	size	NOUN
gp-120	66	16	is	be	AUX
gp-120	66	17	controlled	control	VERB
gp-120	66	18	as	as	SCONJ
gp-120	66	19	larger	large	ADJ
gp-120	66	20	firms	firm	NOUN
gp-120	66	21	often	often	ADV
gp-120	66	22	have	have	VERB
gp-120	66	23	more	more	ADJ
gp-120	66	24	resources	resource	NOUN
gp-120	66	25	to	to	PART
gp-120	66	26	invest	invest	VERB
gp-120	66	27	in	in	ADP
gp-120	66	28	esg	esg	PROPN
gp-120	66	29	initiatives	initiative	NOUN
gp-120	66	30	and	and	CCONJ
gp-120	66	31	may	may	AUX
gp-120	66	32	experience	experience	VERB
gp-120	66	33	different	different	ADJ
gp-120	66	34	financial	financial	ADJ
gp-120	66	35	outcomes	outcome	NOUN
gp-120	66	36	(	(	PUNCT
gp-120	66	37	dang	dang	INTJ
gp-120	66	38	et	et	PROPN
gp-120	66	39	al	al	PROPN
gp-120	66	40	.	.	PROPN
gp-120	66	41	,	,	PUNCT
gp-120	66	42	2018	2018	NUM
gp-120	66	43	)	)	PUNCT
gp-120	66	44	.	.	PUNCT
gp-120	67	1	leverage	leverage	NOUN
gp-120	67	2	is	be	AUX
gp-120	67	3	measured	measure	VERB
gp-120	67	4	as	as	ADP
gp-120	67	5	the	the	DET
gp-120	67	6	ratio	ratio	NOUN
gp-120	67	7	of	of	ADP
gp-120	67	8	total	total	ADJ
gp-120	67	9	debt	debt	NOUN
gp-120	67	10	to	to	ADP
gp-120	67	11	total	total	ADJ
gp-120	67	12	assets	asset	NOUN
gp-120	67	13	.	.	PUNCT
gp-120	68	1	highly	highly	ADV
gp-120	68	2	leveraged	leveraged	ADJ
gp-120	68	3	firms	firm	NOUN
gp-120	68	4	may	may	AUX
gp-120	68	5	face	face	VERB
gp-120	68	6	different	different	ADJ
gp-120	68	7	financial	financial	ADJ
gp-120	68	8	dynamics	dynamic	NOUN
gp-120	68	9	,	,	PUNCT
gp-120	68	10	and	and	CCONJ
gp-120	68	11	leverage	leverage	NOUN
gp-120	68	12	could	could	AUX
gp-120	68	13	influence	influence	VERB
gp-120	68	14	both	both	DET
gp-120	68	15	financial	financial	ADJ
gp-120	68	16	performance	performance	NOUN
gp-120	68	17	and	and	CCONJ
gp-120	68	18	esg	esg	NOUN
gp-120	68	19	efforts	effort	NOUN
gp-120	68	20	(	(	PUNCT
gp-120	68	21	jung	jung	PROPN
gp-120	68	22	et	et	PROPN
gp-120	68	23	al	al	PROPN
gp-120	68	24	.	.	PROPN
gp-120	68	25	,	,	PUNCT
gp-120	68	26	2018	2018	NUM
gp-120	68	27	)	)	PUNCT
gp-120	68	28	.	.	PUNCT
gp-120	69	1	gdp	gdp	NOUN
gp-120	69	2	growth	growth	NOUN
gp-120	69	3	:	:	PUNCT
gp-120	69	4	country	country	NOUN
gp-120	69	5	-	-	PUNCT
gp-120	69	6	specific	specific	ADJ
gp-120	69	7	gdp	gdp	NOUN
gp-120	69	8	growth	growth	NOUN
gp-120	69	9	is	be	AUX
gp-120	69	10	included	include	VERB
gp-120	69	11	as	as	ADP
gp-120	69	12	a	a	DET
gp-120	69	13	macroeconomic	macroeconomic	ADJ
gp-120	69	14	control	control	NOUN
gp-120	69	15	variable	variable	NOUN
gp-120	69	16	to	to	PART
gp-120	69	17	account	account	VERB
gp-120	69	18	for	for	ADP
gp-120	69	19	variations	variation	NOUN
gp-120	69	20	in	in	ADP
gp-120	69	21	economic	economic	ADJ
gp-120	69	22	conditions	condition	NOUN
gp-120	69	23	across	across	ADP
gp-120	69	24	asean	asean	ADJ
gp-120	69	25	nations	nation	NOUN
gp-120	69	26	that	that	PRON
gp-120	69	27	could	could	AUX
gp-120	69	28	influence	influence	VERB
gp-120	69	29	firm	firm	ADJ
gp-120	69	30	performance	performance	NOUN
gp-120	69	31	(	(	PUNCT
gp-120	69	32	papke	papke	PROPN
gp-120	69	33	&	&	CCONJ
gp-120	69	34	wooldridge	wooldridge	PROPN
gp-120	69	35	,	,	PUNCT
gp-120	69	36	2023	2023	NUM
gp-120	69	37	)	)	PUNCT
gp-120	69	38	.	.	PUNCT
gp-120	70	1	estimation	estimation	NOUN
gp-120	70	2	procedure	procedure	NOUN
gp-120	70	3	the	the	DET
gp-120	70	4	generalized	generalized	ADJ
gp-120	70	5	method	method	NOUN
gp-120	70	6	of	of	ADP
gp-120	70	7	moments	moment	NOUN
gp-120	70	8	(	(	PUNCT
gp-120	70	9	gmm	gmm	NOUN
gp-120	70	10	)	)	PUNCT
gp-120	70	11	estimator	estimator	NOUN
gp-120	70	12	is	be	AUX
gp-120	70	13	implemented	implement	VERB
gp-120	70	14	using	use	VERB
gp-120	70	15	the	the	DET
gp-120	70	16	soegiarto	soegiarto	PROPN
gp-120	70	17	et	et	PROPN
gp-120	70	18	al	al	PROPN
gp-120	70	19	.	.	PROPN
gp-120	70	20	approach	approach	PROPN
gp-120	70	21	,	,	PUNCT
gp-120	70	22	which	which	PRON
gp-120	70	23	helps	help	VERB
gp-120	70	24	mitigate	mitigate	VERB
gp-120	70	25	potential	potential	ADJ
gp-120	70	26	endogeneity	endogeneity	NOUN
gp-120	70	27	by	by	ADP
gp-120	70	28	using	use	VERB
gp-120	70	29	lagged	lag	VERB
gp-120	70	30	values	value	NOUN
gp-120	70	31	of	of	ADP
gp-120	70	32	the	the	DET
gp-120	70	33	dependent	dependent	ADJ
gp-120	70	34	and	and	CCONJ
gp-120	70	35	independent	independent	ADJ
gp-120	70	36	variables	variable	NOUN
gp-120	70	37	as	as	ADP
gp-120	70	38	instruments	instrument	NOUN
gp-120	70	39	.	.	PUNCT
gp-120	71	1	first	first	ADV
gp-120	71	2	-	-	PUNCT
gp-120	71	3	differencing	differencing	NOUN
gp-120	71	4	is	be	AUX
gp-120	71	5	employed	employ	VERB
gp-120	71	6	to	to	PART
gp-120	71	7	eliminate	eliminate	VERB
gp-120	71	8	unobserved	unobserved	ADJ
gp-120	71	9	firm	firm	ADJ
gp-120	71	10	-	-	PUNCT
gp-120	71	11	specific	specific	ADJ
gp-120	71	12	effects	effect	NOUN
gp-120	71	13	(	(	PUNCT
gp-120	71	14	soegiarto	soegiarto	PROPN
gp-120	71	15	et	et	PROPN
gp-120	71	16	al	al	PROPN
gp-120	71	17	.	.	PROPN
gp-120	71	18	,	,	PUNCT
gp-120	71	19	2022	2022	NUM
gp-120	71	20	)	)	PUNCT
gp-120	71	21	.	.	PUNCT
gp-120	72	1	the	the	PRON
gp-120	72	2	hansen	hansen	PROPN
gp-120	72	3	j	j	PROPN
gp-120	72	4	-	-	PUNCT
gp-120	72	5	test	test	NOUN
gp-120	72	6	is	be	AUX
gp-120	72	7	used	use	VERB
gp-120	72	8	to	to	PART
gp-120	72	9	assess	assess	VERB
gp-120	72	10	the	the	DET
gp-120	72	11	validity	validity	NOUN
gp-120	72	12	of	of	ADP
gp-120	72	13	the	the	DET
gp-120	72	14	instruments	instrument	NOUN
gp-120	72	15	,	,	PUNCT
gp-120	72	16	and	and	CCONJ
gp-120	72	17	the	the	DET
gp-120	72	18	soegiarto	soegiarto	PROPN
gp-120	72	19	et	et	PROPN
gp-120	72	20	al	al	PROPN
gp-120	72	21	.	.	PROPN
gp-120	72	22	test	test	NOUN
gp-120	72	23	is	be	AUX
gp-120	72	24	applied	apply	VERB
gp-120	72	25	to	to	PART
gp-120	72	26	check	check	VERB
gp-120	72	27	for	for	ADP
gp-120	72	28	second	second	ADJ
gp-120	72	29	-	-	PUNCT
gp-120	72	30	order	order	NOUN
gp-120	72	31	serial	serial	ADJ
gp-120	72	32	correlation	correlation	NOUN
gp-120	72	33	in	in	ADP
gp-120	72	34	the	the	DET
gp-120	72	35	residuals	residual	NOUN
gp-120	72	36	,	,	PUNCT
gp-120	72	37	ensuring	ensure	VERB
gp-120	72	38	the	the	DET
gp-120	72	39	reliability	reliability	NOUN
gp-120	72	40	of	of	ADP
gp-120	72	41	the	the	DET
gp-120	72	42	estimates	estimate	NOUN
gp-120	72	43	(	(	PUNCT
gp-120	72	44	blundell	blundell	PROPN
gp-120	72	45	&	&	CCONJ
gp-120	72	46	bond	bond	PROPN
gp-120	72	47	,	,	PUNCT
gp-120	72	48	2023	2023	NUM
gp-120	72	49	)	)	PUNCT
gp-120	72	50	.	.	PUNCT
gp-120	73	1	by	by	ADP
gp-120	73	2	employing	employ	VERB
gp-120	73	3	the	the	DET
gp-120	73	4	gmm	gmm	PROPN
gp-120	73	5	approach	approach	NOUN
gp-120	73	6	,	,	PUNCT
gp-120	73	7	this	this	DET
gp-120	73	8	study	study	NOUN
gp-120	73	9	provides	provide	VERB
gp-120	73	10	a	a	DET
gp-120	73	11	rigorous	rigorous	ADJ
gp-120	73	12	examination	examination	NOUN
gp-120	73	13	of	of	ADP
gp-120	73	14	the	the	DET
gp-120	73	15	impact	impact	NOUN
gp-120	73	16	of	of	ADP
gp-120	73	17	esg	esg	PROPN
gp-120	73	18	disclosures	disclosure	NOUN
gp-120	73	19	on	on	ADP
gp-120	73	20	financial	financial	ADJ
gp-120	73	21	performance	performance	NOUN
gp-120	73	22	,	,	PUNCT
gp-120	73	23	contributing	contribute	VERB
gp-120	73	24	to	to	ADP
gp-120	73	25	the	the	DET
gp-120	73	26	emerging	emerge	VERB
gp-120	73	27	literature	literature	NOUN
gp-120	73	28	on	on	ADP
gp-120	73	29	sustainable	sustainable	ADJ
gp-120	73	30	finance	finance	NOUN
gp-120	73	31	in	in	ADP
gp-120	73	32	developing	develop	VERB
gp-120	73	33	markets	market	NOUN
gp-120	73	34	.	.	PUNCT
gp-120	74	1	the	the	DET
gp-120	74	2	findings	finding	NOUN
gp-120	74	3	will	will	AUX
gp-120	74	4	offer	offer	VERB
gp-120	74	5	insights	insight	NOUN
gp-120	74	6	for	for	ADP
gp-120	74	7	policymakers	policymaker	NOUN
gp-120	74	8	,	,	PUNCT
gp-120	74	9	corporate	corporate	ADJ
gp-120	74	10	managers	manager	NOUN
gp-120	74	11	,	,	PUNCT
gp-120	74	12	and	and	CCONJ
gp-120	74	13	investors	investor	NOUN
gp-120	74	14	on	on	ADP
gp-120	74	15	how	how	SCONJ
gp-120	74	16	esg	esg	NOUN
gp-120	74	17	transparency	transparency	NOUN
gp-120	74	18	may	may	AUX
gp-120	74	19	influence	influence	VERB
gp-120	74	20	firm	firm	ADJ
gp-120	74	21	value	value	NOUN
gp-120	74	22	,	,	PUNCT
gp-120	74	23	particularly	particularly	ADV
gp-120	74	24	in	in	ADP
gp-120	74	25	the	the	DET
gp-120	74	26	asean	asean	ADJ
gp-120	74	27	context	context	NOUN
gp-120	74	28	,	,	PUNCT
gp-120	74	29	where	where	SCONJ
gp-120	74	30	esg	esg	NOUN
gp-120	74	31	adoption	adoption	NOUN
gp-120	74	32	is	be	AUX
gp-120	74	33	increasingly	increasingly	ADV
gp-120	74	34	becoming	become	VERB
gp-120	74	35	a	a	DET
gp-120	74	36	priority	priority	NOUN
gp-120	74	37	(	(	PUNCT
gp-120	74	38	gerged	gerge	VERB
gp-120	74	39	et	et	PROPN
gp-120	74	40	al	al	PROPN
gp-120	74	41	.	.	PROPN
gp-120	74	42	,	,	PUNCT
gp-120	74	43	2018	2018	NUM
gp-120	74	44	)	)	PUNCT
gp-120	74	45	.	.	PUNCT
gp-120	75	1	result	result	NOUN
gp-120	75	2	and	and	CCONJ
gp-120	75	3	discussion	discussion	NOUN
gp-120	75	4	table	table	NOUN
gp-120	75	5	1	1	NUM
gp-120	75	6	presents	present	VERB
gp-120	75	7	the	the	DET
gp-120	75	8	descriptive	descriptive	ADJ
gp-120	75	9	statistics	statistic	NOUN
gp-120	75	10	for	for	ADP
gp-120	75	11	the	the	DET
gp-120	75	12	key	key	ADJ
gp-120	75	13	variables	variable	NOUN
gp-120	75	14	used	use	VERB
gp-120	75	15	in	in	ADP
gp-120	75	16	this	this	DET
gp-120	75	17	study	study	NOUN
gp-120	75	18	.	.	PUNCT
gp-120	76	1	esg	esg	PROPN
gp-120	76	2	disclosure	disclosure	PROPN
gp-120	76	3	scores	score	NOUN
gp-120	76	4	,	,	PUNCT
gp-120	76	5	return	return	VERB
gp-120	76	6	on	on	ADP
gp-120	76	7	assets	asset	NOUN
gp-120	76	8	(	(	PUNCT
gp-120	76	9	roa	roa	NOUN
gp-120	76	10	)	)	PUNCT
gp-120	76	11	,	,	PUNCT
gp-120	76	12	return	return	VERB
gp-120	76	13	on	on	ADP
gp-120	76	14	equity	equity	NOUN
gp-120	76	15	(	(	PUNCT
gp-120	76	16	roe	roe	PROPN
gp-120	76	17	)	)	PUNCT
gp-120	76	18	,	,	PUNCT
gp-120	76	19	firm	firm	ADJ
gp-120	76	20	size	size	NOUN
gp-120	76	21	(	(	PUNCT
gp-120	76	22	log	log	NOUN
gp-120	76	23	of	of	ADP
gp-120	76	24	total	total	ADJ
gp-120	76	25	assets	asset	NOUN
gp-120	76	26	)	)	PUNCT
gp-120	76	27	,	,	PUNCT
gp-120	76	28	aman	aman	PROPN
gp-120	76	29	khan	khan	PROPN
gp-120	76	30	burki	burki	PROPN
gp-120	76	31	,	,	PUNCT
gp-120	76	32	mohamed	mohamed	PROPN
gp-120	76	33	normen	normen	PROPN
gp-120	76	34	ahamed	ahamed	PROPN
gp-120	76	35	mafaz	mafaz	PROPN
gp-120	76	36	,	,	PUNCT
gp-120	76	37	zaki	zaki	PROPN
gp-120	76	38	ahmad	ahmad	PROPN
gp-120	76	39	,	,	PUNCT
gp-120	76	40	auni	auni	PROPN
gp-120	76	41	zulfaka	zulfaka	PROPN
gp-120	76	42	,	,	PUNCT
gp-120	76	43	ikhlas	ikhlas	PROPN
gp-120	76	44	al	al	PROPN
gp-120	76	45	-	-	PUNCT
gp-120	76	46	amatullah	amatullah	PROPN
gp-120	76	47	361	361	NUM
gp-120	76	48	leverage	leverage	NOUN
gp-120	76	49	(	(	PUNCT
gp-120	76	50	debt	debt	NOUN
gp-120	76	51	-	-	PUNCT
gp-120	76	52	to	to	ADP
gp-120	76	53	-	-	PUNCT
gp-120	76	54	assets	asset	NOUN
gp-120	76	55	ratio	ratio	NOUN
gp-120	76	56	)	)	PUNCT
gp-120	76	57	,	,	PUNCT
gp-120	76	58	and	and	CCONJ
gp-120	76	59	country	country	NOUN
gp-120	76	60	-	-	PUNCT
gp-120	76	61	specific	specific	ADJ
gp-120	76	62	gdp	gdp	NOUN
gp-120	76	63	growth	growth	NOUN
gp-120	76	64	.	.	PUNCT
gp-120	77	1	the	the	DET
gp-120	77	2	dataset	dataset	NOUN
gp-120	77	3	consists	consist	VERB
gp-120	77	4	of	of	ADP
gp-120	77	5	67	67	NUM
gp-120	77	6	firms	firm	NOUN
gp-120	77	7	from	from	ADP
gp-120	77	8	the	the	DET
gp-120	77	9	asean	asean	ADJ
gp-120	77	10	5	5	NUM
gp-120	77	11	countries	country	NOUN
gp-120	77	12	—	—	PUNCT
gp-120	77	13	malaysia	malaysia	PROPN
gp-120	77	14	,	,	PUNCT
gp-120	77	15	indonesia	indonesia	PROPN
gp-120	77	16	,	,	PUNCT
gp-120	77	17	philippines	philippine	NOUN
gp-120	77	18	,	,	PUNCT
gp-120	77	19	singapore	singapore	PROPN
gp-120	77	20	,	,	PUNCT
gp-120	77	21	and	and	CCONJ
gp-120	77	22	thailand	thailand	PROPN
gp-120	77	23	covering	cover	VERB
gp-120	77	24	the	the	DET
gp-120	77	25	period	period	NOUN
gp-120	77	26	2013	2013	NUM
gp-120	77	27	to	to	ADP
gp-120	77	28	2022	2022	NUM
gp-120	77	29	.	.	PUNCT
gp-120	78	1	table	table	NOUN
gp-120	78	2	1	1	NUM
gp-120	78	3	.	.	PUNCT
gp-120	78	4	descriptive	descriptive	ADJ
gp-120	78	5	statistics	statistic	NOUN
gp-120	78	6	variable	variable	ADJ
gp-120	78	7	mean	mean	VERB
gp-120	78	8	std	std	PROPN
gp-120	78	9	.	.	PROPN
gp-120	78	10	dev	dev	PROPN
gp-120	78	11	.	.	PUNCT
gp-120	79	1	min	min	PROPN
gp-120	79	2	max	max	PROPN
gp-120	79	3	roa	roa	PROPN
gp-120	79	4	5.12	5.12	NUM
gp-120	79	5	3.47	3.47	NUM
gp-120	79	6	-2.78	-2.78	NOUN
gp-120	79	7	18.45	18.45	NUM
gp-120	79	8	roe	roe	NOUN
gp-120	79	9	12.30	12.30	NUM
gp-120	79	10	8.14	8.14	NUM
gp-120	79	11	-5.65	-5.65	ADP
gp-120	79	12	35.92	35.92	NUM
gp-120	79	13	esgd	esgd	VERB
gp-120	79	14	62.5	62.5	NUM
gp-120	79	15	10.75	10.75	NUM
gp-120	79	16	34.00	34.00	NUM
gp-120	79	17	88.00	88.00	NUM
gp-120	79	18	size	size	NOUN
gp-120	79	19	11.47	11.47	NUM
gp-120	79	20	1.65	1.65	NUM
gp-120	79	21	8.74	8.74	NUM
gp-120	79	22	15.92	15.92	NUM
gp-120	79	23	lvrg	lvrg	NOUN
gp-120	79	24	0.42	0.42	NUM
gp-120	79	25	0.18	0.18	NUM
gp-120	79	26	0.10	0.10	NUM
gp-120	79	27	0.95	0.95	NUM
gp-120	79	28	gdpg	gdpg	VERB
gp-120	79	29	4.23	4.23	NUM
gp-120	79	30	1.32	1.32	NUM
gp-120	79	31	2.10	2.10	NUM
gp-120	79	32	6.50	6.50	NUM
gp-120	79	33	the	the	DET
gp-120	79	34	average	average	ADJ
gp-120	79	35	return	return	NOUN
gp-120	79	36	on	on	ADP
gp-120	79	37	assets	asset	NOUN
gp-120	79	38	(	(	PUNCT
gp-120	79	39	roa	roa	NOUN
gp-120	79	40	)	)	PUNCT
gp-120	79	41	across	across	ADP
gp-120	79	42	the	the	DET
gp-120	79	43	sample	sample	NOUN
gp-120	79	44	is	be	AUX
gp-120	79	45	5.12	5.12	NUM
gp-120	79	46	%	%	NOUN
gp-120	79	47	,	,	PUNCT
gp-120	79	48	while	while	SCONJ
gp-120	79	49	the	the	DET
gp-120	79	50	mean	mean	ADJ
gp-120	79	51	return	return	NOUN
gp-120	79	52	on	on	ADP
gp-120	79	53	equity	equity	NOUN
gp-120	79	54	(	(	PUNCT
gp-120	79	55	roe	roe	PROPN
gp-120	79	56	)	)	PUNCT
gp-120	79	57	is	be	AUX
gp-120	79	58	12.30	12.30	NUM
gp-120	79	59	%	%	NOUN
gp-120	79	60	.	.	PUNCT
gp-120	80	1	the	the	DET
gp-120	80	2	average	average	ADJ
gp-120	80	3	esg	esg	PROPN
gp-120	80	4	disclosure	disclosure	NOUN
gp-120	80	5	score	score	NOUN
gp-120	80	6	is	be	AUX
gp-120	80	7	62.5	62.5	NUM
gp-120	80	8	,	,	PUNCT
gp-120	80	9	suggesting	suggest	VERB
gp-120	80	10	a	a	DET
gp-120	80	11	moderate	moderate	ADJ
gp-120	80	12	level	level	NOUN
gp-120	80	13	of	of	ADP
gp-120	80	14	transparency	transparency	NOUN
gp-120	80	15	in	in	ADP
gp-120	80	16	esg	esg	PROPN
gp-120	80	17	practices	practice	NOUN
gp-120	80	18	across	across	ADP
gp-120	80	19	firms	firm	NOUN
gp-120	80	20	in	in	ADP
gp-120	80	21	asean	asean	ADJ
gp-120	80	22	countries	country	NOUN
gp-120	80	23	.	.	PUNCT
gp-120	81	1	firm	firm	ADJ
gp-120	81	2	size	size	NOUN
gp-120	81	3	(	(	PUNCT
gp-120	81	4	log	log	NOUN
gp-120	81	5	of	of	ADP
gp-120	81	6	assets	asset	NOUN
gp-120	81	7	)	)	PUNCT
gp-120	81	8	shows	show	VERB
gp-120	81	9	a	a	DET
gp-120	81	10	mean	mean	ADJ
gp-120	81	11	value	value	NOUN
gp-120	81	12	of	of	ADP
gp-120	81	13	11.47	11.47	NUM
gp-120	81	14	,	,	PUNCT
gp-120	81	15	and	and	CCONJ
gp-120	81	16	the	the	DET
gp-120	81	17	leverage	leverage	NOUN
gp-120	81	18	ratio	ratio	NOUN
gp-120	81	19	averages	average	NOUN
gp-120	81	20	0.42	0.42	NUM
gp-120	81	21	,	,	PUNCT
gp-120	81	22	indicating	indicate	VERB
gp-120	81	23	that	that	SCONJ
gp-120	81	24	firms	firm	NOUN
gp-120	81	25	in	in	ADP
gp-120	81	26	the	the	DET
gp-120	81	27	sample	sample	NOUN
gp-120	81	28	rely	rely	VERB
gp-120	81	29	moderately	moderately	ADV
gp-120	81	30	on	on	ADP
gp-120	81	31	debt	debt	NOUN
gp-120	81	32	financing	financing	NOUN
gp-120	81	33	.	.	PUNCT
gp-120	82	1	table	table	NOUN
gp-120	82	2	2	2	NUM
gp-120	82	3	.	.	PUNCT
gp-120	82	4	correlation	correlation	NOUN
gp-120	82	5	matrix	matrix	NOUN
gp-120	82	6	variables	variable	NOUN
gp-120	82	7	roa	roa	PROPN
gp-120	82	8	roe	roe	PROPN
gp-120	82	9	esgd	esgd	PROPN
gp-120	82	10	size	size	NOUN
gp-120	82	11	lvrg	lvrg	PROPN
gp-120	82	12	gdpg	gdpg	PROPN
gp-120	82	13	roa	roa	PROPN
gp-120	82	14	1.00	1.00	NUM
gp-120	82	15	roe	roe	NOUN
gp-120	82	16	0.71	0.71	NUM
gp-120	82	17	1.00	1.00	NUM
gp-120	82	18	esgd	esgd	NOUN
gp-120	82	19	0.34	0.34	NUM
gp-120	82	20	0.39	0.39	NUM
gp-120	82	21	1.00	1.00	NUM
gp-120	82	22	size	size	NOUN
gp-120	82	23	0.45	0.45	NUM
gp-120	82	24	0.52	0.52	NUM
gp-120	82	25	0.48	0.48	NUM
gp-120	82	26	1.00	1.00	NUM
gp-120	82	27	lvrg	lvrg	NOUN
gp-120	82	28	-0.23	-0.23	PUNCT
gp-120	82	29	-0.31	-0.31	NUM
gp-120	82	30	0.12	0.12	NUM
gp-120	82	31	0.18	0.18	NUM
gp-120	82	32	1.00	1.00	NUM
gp-120	82	33	gdpg	gdpg	NOUN
gp-120	82	34	0.25	0.25	NUM
gp-120	82	35	0.20	0.20	NUM
gp-120	82	36	0.16	0.16	NUM
gp-120	82	37	0.11	0.11	NUM
gp-120	82	38	0.05	0.05	NUM
gp-120	82	39	1.00	1.00	NUM
gp-120	82	40	table	table	NOUN
gp-120	82	41	2	2	NUM
gp-120	82	42	provides	provide	VERB
gp-120	82	43	the	the	DET
gp-120	82	44	correlation	correlation	NOUN
gp-120	82	45	matrix	matrix	NOUN
gp-120	82	46	of	of	ADP
gp-120	82	47	the	the	DET
gp-120	82	48	main	main	ADJ
gp-120	82	49	variables	variable	NOUN
gp-120	82	50	,	,	PUNCT
gp-120	82	51	showing	show	VERB
gp-120	82	52	the	the	DET
gp-120	82	53	relationships	relationship	NOUN
gp-120	82	54	between	between	ADP
gp-120	82	55	esg	esg	PROPN
gp-120	82	56	disclosure	disclosure	NOUN
gp-120	82	57	,	,	PUNCT
gp-120	82	58	roa	roa	PROPN
gp-120	82	59	,	,	PUNCT
gp-120	82	60	roe	roe	NOUN
gp-120	82	61	,	,	PUNCT
gp-120	82	62	firm	firm	ADJ
gp-120	82	63	size	size	NOUN
gp-120	82	64	,	,	PUNCT
gp-120	82	65	leverage	leverage	NOUN
gp-120	82	66	,	,	PUNCT
gp-120	82	67	and	and	CCONJ
gp-120	82	68	gdp	gdp	NOUN
gp-120	82	69	growth	growth	NOUN
gp-120	82	70	.	.	PUNCT
gp-120	83	1	the	the	DET
gp-120	83	2	correlation	correlation	NOUN
gp-120	83	3	matrix	matrix	NOUN
gp-120	83	4	indicates	indicate	VERB
gp-120	83	5	that	that	SCONJ
gp-120	83	6	esg	esg	PROPN
gp-120	83	7	disclosure	disclosure	NOUN
gp-120	83	8	is	be	AUX
gp-120	83	9	positively	positively	ADV
gp-120	83	10	correlated	correlate	VERB
gp-120	83	11	with	with	ADP
gp-120	83	12	both	both	DET
gp-120	83	13	roa	roa	NOUN
gp-120	83	14	(	(	PUNCT
gp-120	83	15	0.34	0.34	NUM
gp-120	83	16	)	)	PUNCT
gp-120	83	17	and	and	CCONJ
gp-120	83	18	roe	roe	PROPN
gp-120	83	19	(	(	PUNCT
gp-120	83	20	0.39	0.39	NUM
gp-120	83	21	)	)	PUNCT
gp-120	83	22	,	,	PUNCT
gp-120	83	23	suggesting	suggest	VERB
gp-120	83	24	that	that	SCONJ
gp-120	83	25	firms	firm	NOUN
gp-120	83	26	with	with	ADP
gp-120	83	27	higher	high	ADJ
gp-120	83	28	esg	esg	PROPN
gp-120	83	29	transparency	transparency	NOUN
gp-120	83	30	tend	tend	VERB
gp-120	83	31	to	to	PART
gp-120	83	32	perform	perform	VERB
gp-120	83	33	better	well	ADV
gp-120	83	34	financially	financially	ADV
gp-120	83	35	.	.	PUNCT
gp-120	84	1	firm	firm	ADJ
gp-120	84	2	size	size	NOUN
gp-120	84	3	also	also	ADV
gp-120	84	4	shows	show	VERB
gp-120	84	5	a	a	DET
gp-120	84	6	positive	positive	ADJ
gp-120	84	7	correlation	correlation	NOUN
gp-120	84	8	with	with	ADP
gp-120	84	9	both	both	CCONJ
gp-120	84	10	financial	financial	ADJ
gp-120	84	11	performance	performance	NOUN
gp-120	84	12	measures	measure	NOUN
gp-120	84	13	,	,	PUNCT
gp-120	84	14	implying	imply	VERB
gp-120	84	15	that	that	SCONJ
gp-120	84	16	larger	large	ADJ
gp-120	84	17	firms	firm	NOUN
gp-120	84	18	are	be	AUX
gp-120	84	19	generally	generally	ADV
gp-120	84	20	more	more	ADV
gp-120	84	21	profitable	profitable	ADJ
gp-120	84	22	.	.	PUNCT
gp-120	85	1	leverage	leverage	NOUN
gp-120	85	2	is	be	AUX
gp-120	85	3	negatively	negatively	ADV
gp-120	85	4	correlated	correlate	VERB
gp-120	85	5	with	with	ADP
gp-120	85	6	roa	roa	PROPN
gp-120	85	7	(	(	PUNCT
gp-120	85	8	-0.23	-0.23	PROPN
gp-120	85	9	)	)	PUNCT
gp-120	85	10	and	and	CCONJ
gp-120	85	11	roe	roe	PROPN
gp-120	85	12	(	(	PUNCT
gp-120	85	13	-0.31	-0.31	PROPN
gp-120	85	14	)	)	PUNCT
gp-120	85	15	,	,	PUNCT
gp-120	85	16	indicating	indicate	VERB
gp-120	85	17	that	that	SCONJ
gp-120	85	18	highly	highly	ADV
gp-120	85	19	leveraged	leveraged	ADJ
gp-120	85	20	firms	firm	NOUN
gp-120	85	21	tend	tend	VERB
gp-120	85	22	to	to	PART
gp-120	85	23	exhibit	exhibit	VERB
gp-120	85	24	lower	low	ADJ
gp-120	85	25	profitability	profitability	NOUN
gp-120	85	26	.	.	PUNCT
gp-120	86	1	the	the	DET
gp-120	86	2	dynamic	dynamic	ADJ
gp-120	86	3	panel	panel	NOUN
gp-120	86	4	model	model	NOUN
gp-120	86	5	,	,	PUNCT
gp-120	86	6	estimated	estimate	VERB
gp-120	86	7	using	use	VERB
gp-120	86	8	the	the	DET
gp-120	86	9	generalized	generalized	ADJ
gp-120	86	10	method	method	NOUN
gp-120	86	11	of	of	ADP
gp-120	86	12	moments	moment	NOUN
gp-120	86	13	(	(	PUNCT
gp-120	86	14	gmm	gmm	NOUN
gp-120	86	15	)	)	PUNCT
gp-120	86	16	approach	approach	NOUN
gp-120	86	17	,	,	PUNCT
gp-120	86	18	examines	examine	VERB
gp-120	86	19	the	the	DET
gp-120	86	20	impact	impact	NOUN
gp-120	86	21	of	of	ADP
gp-120	86	22	esg	esg	PROPN
gp-120	86	23	disclosure	disclosure	NOUN
gp-120	86	24	on	on	ADP
gp-120	86	25	financial	financial	ADJ
gp-120	86	26	performance	performance	NOUN
gp-120	86	27	(	(	PUNCT
gp-120	86	28	roa	roa	NOUN
gp-120	86	29	and	and	CCONJ
gp-120	86	30	roe	roe	PROPN
gp-120	86	31	)	)	PUNCT
gp-120	86	32	.	.	PUNCT
gp-120	87	1	the	the	DET
gp-120	87	2	regression	regression	NOUN
gp-120	87	3	results	result	NOUN
gp-120	87	4	are	be	AUX
gp-120	87	5	reported	report	VERB
gp-120	87	6	in	in	ADP
gp-120	87	7	table	table	NOUN
gp-120	87	8	3	3	NUM
gp-120	87	9	.	.	PUNCT
gp-120	87	10	american	american	PROPN
gp-120	87	11	journal	journal	PROPN
gp-120	87	12	of	of	ADP
gp-120	87	13	economic	economic	ADJ
gp-120	87	14	and	and	CCONJ
gp-120	87	15	management	management	NOUN
gp-120	87	16	business	business	NOUN
gp-120	87	17	vol	vol	NOUN
gp-120	87	18	.	.	PROPN
gp-120	88	1	3	3	NUM
gp-120	89	1	no	no	NOUN
gp-120	89	2	.	.	PUNCT
gp-120	90	1	10	10	NUM
gp-120	90	2	oktober	oktober	NOUN
gp-120	90	3	2024	2024	NUM
gp-120	90	4	362	362	NUM
gp-120	90	5	table	table	NOUN
gp-120	90	6	3	3	NUM
gp-120	90	7	.	.	PUNCT
gp-120	90	8	gmm	gmm	PROPN
gp-120	90	9	estimation	estimation	NOUN
gp-120	90	10	results	result	NOUN
gp-120	90	11	variables	variable	VERB
gp-120	90	12	roa	roa	PROPN
gp-120	90	13	roe	roe	PROPN
gp-120	90	14	l.	l.	PROPN
gp-120	90	15	0.321	0.321	NUM
gp-120	90	16	*	*	PROPN
gp-120	90	17	*	*	PUNCT
gp-120	90	18	0.478	0.478	PUNCT
gp-120	90	19	*	*	PUNCT
gp-120	90	20	*	*	PUNCT
gp-120	90	21	*	*	PUNCT
gp-120	90	22	esgd	esgd	VERB
gp-120	90	23	0.145	0.145	NUM
gp-120	90	24	*	*	PUNCT
gp-120	90	25	*	*	PUNCT
gp-120	90	26	*	*	PUNCT
gp-120	90	27	0.182	0.182	NUM
gp-120	90	28	*	*	PUNCT
gp-120	90	29	*	*	PUNCT
gp-120	90	30	*	*	NOUN
gp-120	90	31	size	size	NOUN
gp-120	90	32	0.089	0.089	NUM
gp-120	90	33	*	*	NOUN
gp-120	90	34	0.132	0.132	NUM
gp-120	90	35	*	*	NOUN
gp-120	90	36	*	*	PUNCT
gp-120	90	37	lvrg	lvrg	NOUN
gp-120	90	38	-0.156	-0.156	NOUN
gp-120	90	39	*	*	PUNCT
gp-120	90	40	*	*	PUNCT
gp-120	90	41	-0.208	-0.208	X
gp-120	90	42	*	*	PUNCT
gp-120	90	43	*	*	PUNCT
gp-120	90	44	*	*	X
gp-120	90	45	gdpg	gdpg	PROPN
gp-120	90	46	0.071	0.071	NUM
gp-120	90	47	*	*	SYM
gp-120	90	48	0.054	0.054	NUM
gp-120	90	49	*	*	NOUN
gp-120	90	50	constant	constant	ADJ
gp-120	90	51	2.154	2.154	NUM
gp-120	90	52	*	*	NOUN
gp-120	90	53	*	*	NOUN
gp-120	90	54	1.891	1.891	NUM
gp-120	90	55	*	*	PUNCT
gp-120	90	56	*	*	PUNCT
gp-120	90	57	hansen	hansen	PROPN
gp-120	90	58	j	j	PROPN
gp-120	90	59	-	-	PUNCT
gp-120	90	60	test	test	NOUN
gp-120	90	61	0.731	0.731	NUM
gp-120	90	62	0.645	0.645	NUM
gp-120	90	63	arellano	arellano	PROPN
gp-120	90	64	-	-	PUNCT
gp-120	90	65	bond	bond	NOUN
gp-120	90	66	test	test	NOUN
gp-120	90	67	(	(	PUNCT
gp-120	90	68	ar2	ar2	PROPN
gp-120	90	69	)	)	PUNCT
gp-120	90	70	0.210	0.210	NUM
gp-120	90	71	0.178	0.178	NUM
gp-120	90	72	observations	observation	NOUN
gp-120	90	73	670	670	NUM
gp-120	90	74	670	670	NUM
gp-120	90	75	number	number	NOUN
gp-120	90	76	of	of	ADP
gp-120	90	77	company	company	NOUN
gp-120	90	78	67	67	NUM
gp-120	90	79	67	67	NUM
gp-120	90	80	*	*	PUNCT
gp-120	90	81	*	*	PUNCT
gp-120	90	82	*	*	PUNCT
gp-120	90	83	p	p	X
gp-120	90	84	<	<	X
gp-120	90	85	0.01	0.01	NUM
gp-120	90	86	,	,	PUNCT
gp-120	90	87	*	*	PUNCT
gp-120	90	88	*	*	PUNCT
gp-120	90	89	p	p	X
gp-120	90	90	<	<	X
gp-120	90	91	0.05	0.05	NUM
gp-120	90	92	,	,	PUNCT
gp-120	90	93	*	*	PUNCT
gp-120	90	94	p	p	X
gp-120	90	95	<	<	X
gp-120	90	96	0.10	0.10	NUM
gp-120	90	97	the	the	DET
gp-120	90	98	results	result	NOUN
gp-120	90	99	in	in	ADP
gp-120	90	100	table	table	NOUN
gp-120	90	101	3	3	NUM
gp-120	90	102	indicate	indicate	VERB
gp-120	90	103	that	that	SCONJ
gp-120	90	104	the	the	DET
gp-120	90	105	lagged	lag	VERB
gp-120	90	106	financial	financial	ADJ
gp-120	90	107	performance	performance	NOUN
gp-120	90	108	variables	variable	NOUN
gp-120	90	109	,	,	PUNCT
gp-120	90	110	specifically	specifically	ADV
gp-120	90	111	return	return	VERB
gp-120	90	112	on	on	ADP
gp-120	90	113	assets	asset	NOUN
gp-120	90	114	(	(	PUNCT
gp-120	90	115	roa	roa	NOUN
gp-120	90	116	)	)	PUNCT
gp-120	90	117	and	and	CCONJ
gp-120	90	118	return	return	VERB
gp-120	90	119	on	on	ADP
gp-120	90	120	equity	equity	NOUN
gp-120	90	121	(	(	PUNCT
gp-120	90	122	roe	roe	PROPN
gp-120	90	123	)	)	PUNCT
gp-120	90	124	,	,	PUNCT
gp-120	90	125	exhibit	exhibit	VERB
gp-120	90	126	significant	significant	ADJ
gp-120	90	127	and	and	CCONJ
gp-120	90	128	positive	positive	ADJ
gp-120	90	129	relationships	relationship	NOUN
gp-120	90	130	with	with	ADP
gp-120	90	131	current	current	ADJ
gp-120	90	132	performance	performance	NOUN
gp-120	90	133	.	.	PUNCT
gp-120	91	1	the	the	DET
gp-120	91	2	coefficient	coefficient	NOUN
gp-120	91	3	for	for	ADP
gp-120	91	4	lagged	lag	VERB
gp-120	91	5	roa	roa	NOUN
gp-120	91	6	is	be	AUX
gp-120	91	7	0.321	0.321	NUM
gp-120	91	8	,	,	PUNCT
gp-120	91	9	and	and	CCONJ
gp-120	91	10	for	for	ADP
gp-120	91	11	lagged	lag	VERB
gp-120	91	12	roe	roe	NOUN
gp-120	91	13	,	,	PUNCT
gp-120	91	14	it	it	PRON
gp-120	91	15	is	be	AUX
gp-120	91	16	0.478	0.478	NUM
gp-120	91	17	.	.	PUNCT
gp-120	92	1	this	this	PRON
gp-120	92	2	suggests	suggest	VERB
gp-120	92	3	moderate	moderate	ADJ
gp-120	92	4	persistence	persistence	NOUN
gp-120	92	5	in	in	ADP
gp-120	92	6	financial	financial	ADJ
gp-120	92	7	performance	performance	NOUN
gp-120	92	8	,	,	PUNCT
gp-120	92	9	meaning	mean	VERB
gp-120	92	10	that	that	SCONJ
gp-120	92	11	firms	firm	NOUN
gp-120	92	12	with	with	ADP
gp-120	92	13	strong	strong	ADJ
gp-120	92	14	financial	financial	ADJ
gp-120	92	15	performance	performance	NOUN
gp-120	92	16	in	in	ADP
gp-120	92	17	the	the	DET
gp-120	92	18	past	past	NOUN
gp-120	92	19	tend	tend	VERB
gp-120	92	20	to	to	PART
gp-120	92	21	maintain	maintain	VERB
gp-120	92	22	or	or	CCONJ
gp-120	92	23	improve	improve	VERB
gp-120	92	24	their	their	PRON
gp-120	92	25	performance	performance	NOUN
gp-120	92	26	over	over	ADP
gp-120	92	27	time	time	NOUN
gp-120	92	28	.	.	PUNCT
gp-120	93	1	the	the	DET
gp-120	93	2	significance	significance	NOUN
gp-120	93	3	of	of	ADP
gp-120	93	4	these	these	DET
gp-120	93	5	lagged	lag	VERB
gp-120	93	6	variables	variable	NOUN
gp-120	93	7	highlights	highlight	VERB
gp-120	93	8	the	the	DET
gp-120	93	9	importance	importance	NOUN
gp-120	93	10	of	of	ADP
gp-120	93	11	historical	historical	ADJ
gp-120	93	12	financial	financial	ADJ
gp-120	93	13	outcomes	outcome	NOUN
gp-120	93	14	in	in	ADP
gp-120	93	15	predicting	predict	VERB
gp-120	93	16	future	future	ADJ
gp-120	93	17	performance	performance	NOUN
gp-120	93	18	,	,	PUNCT
gp-120	93	19	aligning	align	VERB
gp-120	93	20	with	with	ADP
gp-120	93	21	the	the	DET
gp-120	93	22	understanding	understanding	NOUN
gp-120	93	23	that	that	SCONJ
gp-120	93	24	financial	financial	ADJ
gp-120	93	25	success	success	NOUN
gp-120	93	26	tends	tend	VERB
gp-120	93	27	to	to	PART
gp-120	93	28	build	build	VERB
gp-120	93	29	on	on	ADP
gp-120	93	30	itself	itself	PRON
gp-120	93	31	in	in	ADP
gp-120	93	32	the	the	DET
gp-120	93	33	absence	absence	NOUN
gp-120	93	34	of	of	ADP
gp-120	93	35	external	external	ADJ
gp-120	93	36	disruptions	disruption	NOUN
gp-120	93	37	.	.	PUNCT
gp-120	94	1	the	the	DET
gp-120	94	2	analysis	analysis	NOUN
gp-120	94	3	of	of	ADP
gp-120	94	4	esg	esg	PROPN
gp-120	94	5	disclosures	disclosure	NOUN
gp-120	94	6	reveals	reveal	VERB
gp-120	94	7	that	that	SCONJ
gp-120	94	8	they	they	PRON
gp-120	94	9	have	have	VERB
gp-120	94	10	a	a	DET
gp-120	94	11	positive	positive	ADJ
gp-120	94	12	and	and	CCONJ
gp-120	94	13	significant	significant	ADJ
gp-120	94	14	impact	impact	NOUN
gp-120	94	15	on	on	ADP
gp-120	94	16	both	both	DET
gp-120	94	17	roa	roa	NOUN
gp-120	94	18	and	and	CCONJ
gp-120	94	19	roe	roe	PROPN
gp-120	94	20	.	.	PUNCT
gp-120	95	1	specifically	specifically	ADV
gp-120	95	2	,	,	PUNCT
gp-120	95	3	a	a	DET
gp-120	95	4	1	1	NUM
gp-120	95	5	-	-	PUNCT
gp-120	95	6	point	point	NOUN
gp-120	95	7	increase	increase	NOUN
gp-120	95	8	in	in	ADP
gp-120	95	9	the	the	DET
gp-120	95	10	esg	esg	PROPN
gp-120	95	11	disclosure	disclosure	NOUN
gp-120	95	12	score	score	NOUN
gp-120	95	13	is	be	AUX
gp-120	95	14	associated	associate	VERB
gp-120	95	15	with	with	ADP
gp-120	95	16	a	a	DET
gp-120	95	17	0.145	0.145	NUM
gp-120	95	18	%	%	NOUN
gp-120	95	19	increase	increase	NOUN
gp-120	95	20	in	in	ADP
gp-120	95	21	roa	roa	NOUN
gp-120	95	22	and	and	CCONJ
gp-120	95	23	a	a	DET
gp-120	95	24	0.182	0.182	NUM
gp-120	95	25	%	%	NOUN
gp-120	95	26	increase	increase	NOUN
gp-120	95	27	in	in	ADP
gp-120	95	28	roe	roe	NOUN
gp-120	95	29	.	.	PUNCT
gp-120	96	1	this	this	DET
gp-120	96	2	finding	finding	NOUN
gp-120	96	3	supports	support	VERB
gp-120	96	4	the	the	DET
gp-120	96	5	growing	grow	VERB
gp-120	96	6	body	body	NOUN
gp-120	96	7	of	of	ADP
gp-120	96	8	literature	literature	NOUN
gp-120	96	9	suggesting	suggest	VERB
gp-120	96	10	that	that	SCONJ
gp-120	96	11	greater	great	ADJ
gp-120	96	12	transparency	transparency	NOUN
gp-120	96	13	in	in	ADP
gp-120	96	14	a	a	DET
gp-120	96	15	firm	firm	NOUN
gp-120	96	16	's	's	PART
gp-120	96	17	environmental	environmental	ADJ
gp-120	96	18	,	,	PUNCT
gp-120	96	19	social	social	ADJ
gp-120	96	20	,	,	PUNCT
gp-120	96	21	and	and	CCONJ
gp-120	96	22	governance	governance	NOUN
gp-120	96	23	practices	practice	NOUN
gp-120	96	24	can	can	AUX
gp-120	96	25	lead	lead	VERB
gp-120	96	26	to	to	ADP
gp-120	96	27	enhanced	enhanced	ADJ
gp-120	96	28	financial	financial	ADJ
gp-120	96	29	outcomes	outcome	NOUN
gp-120	96	30	.	.	PUNCT
gp-120	97	1	this	this	PRON
gp-120	97	2	could	could	AUX
gp-120	97	3	be	be	AUX
gp-120	97	4	due	due	ADJ
gp-120	97	5	to	to	ADP
gp-120	97	6	improved	improve	VERB
gp-120	97	7	investor	investor	NOUN
gp-120	97	8	confidence	confidence	NOUN
gp-120	97	9	,	,	PUNCT
gp-120	97	10	better	well	ADJ
gp-120	97	11	risk	risk	NOUN
gp-120	97	12	management	management	NOUN
gp-120	97	13	,	,	PUNCT
gp-120	97	14	or	or	CCONJ
gp-120	97	15	stronger	strong	ADJ
gp-120	97	16	reputational	reputational	ADJ
gp-120	97	17	advantages	advantage	NOUN
gp-120	97	18	that	that	PRON
gp-120	97	19	come	come	VERB
gp-120	97	20	with	with	ADP
gp-120	97	21	higher	high	ADJ
gp-120	97	22	esg	esg	NOUN
gp-120	97	23	transparency	transparency	NOUN
gp-120	97	24	,	,	PUNCT
gp-120	97	25	all	all	PRON
gp-120	97	26	of	of	ADP
gp-120	97	27	which	which	PRON
gp-120	97	28	may	may	AUX
gp-120	97	29	translate	translate	VERB
gp-120	97	30	into	into	ADP
gp-120	97	31	superior	superior	ADJ
gp-120	97	32	financial	financial	ADJ
gp-120	97	33	performance	performance	NOUN
gp-120	97	34	.	.	PUNCT
gp-120	98	1	firm	firm	ADJ
gp-120	98	2	size	size	NOUN
gp-120	98	3	,	,	PUNCT
gp-120	98	4	as	as	SCONJ
gp-120	98	5	measured	measure	VERB
gp-120	98	6	by	by	ADP
gp-120	98	7	the	the	DET
gp-120	98	8	logarithm	logarithm	NOUN
gp-120	98	9	of	of	ADP
gp-120	98	10	total	total	ADJ
gp-120	98	11	assets	asset	NOUN
gp-120	98	12	,	,	PUNCT
gp-120	98	13	also	also	ADV
gp-120	98	14	has	have	VERB
gp-120	98	15	a	a	DET
gp-120	98	16	positive	positive	ADJ
gp-120	98	17	influence	influence	NOUN
gp-120	98	18	on	on	ADP
gp-120	98	19	financial	financial	ADJ
gp-120	98	20	performance	performance	NOUN
gp-120	98	21	.	.	PUNCT
gp-120	99	1	the	the	DET
gp-120	99	2	coefficient	coefficient	NOUN
gp-120	99	3	for	for	ADP
gp-120	99	4	roa	roa	PROPN
gp-120	99	5	is	be	AUX
gp-120	99	6	0.089	0.089	NUM
gp-120	99	7	,	,	PUNCT
gp-120	99	8	and	and	CCONJ
gp-120	99	9	for	for	ADP
gp-120	99	10	roe	roe	NOUN
gp-120	99	11	,	,	PUNCT
gp-120	99	12	it	it	PRON
gp-120	99	13	is	be	AUX
gp-120	99	14	0.132	0.132	NUM
gp-120	99	15	,	,	PUNCT
gp-120	99	16	indicating	indicate	VERB
gp-120	99	17	that	that	SCONJ
gp-120	99	18	larger	large	ADJ
gp-120	99	19	firms	firm	NOUN
gp-120	99	20	tend	tend	VERB
gp-120	99	21	to	to	PART
gp-120	99	22	perform	perform	VERB
gp-120	99	23	better	well	ADV
gp-120	99	24	financially	financially	ADV
gp-120	99	25	.	.	PUNCT
gp-120	100	1	this	this	PRON
gp-120	100	2	can	can	AUX
gp-120	100	3	be	be	AUX
gp-120	100	4	attributed	attribute	VERB
gp-120	100	5	to	to	ADP
gp-120	100	6	larger	large	ADJ
gp-120	100	7	firms	firm	NOUN
gp-120	100	8	'	'	PART
gp-120	100	9	ability	ability	NOUN
gp-120	100	10	to	to	PART
gp-120	100	11	allocate	allocate	VERB
gp-120	100	12	resources	resource	NOUN
gp-120	100	13	more	more	ADV
gp-120	100	14	efficiently	efficiently	ADV
gp-120	100	15	,	,	PUNCT
gp-120	100	16	benefit	benefit	VERB
gp-120	100	17	from	from	ADP
gp-120	100	18	economies	economy	NOUN
gp-120	100	19	of	of	ADP
gp-120	100	20	scale	scale	NOUN
gp-120	100	21	,	,	PUNCT
gp-120	100	22	and	and	CCONJ
gp-120	100	23	absorb	absorb	VERB
gp-120	100	24	shocks	shock	NOUN
gp-120	100	25	better	well	ADV
gp-120	100	26	than	than	ADP
gp-120	100	27	smaller	small	ADJ
gp-120	100	28	firms	firm	NOUN
gp-120	100	29	.	.	PUNCT
gp-120	101	1	larger	large	ADJ
gp-120	101	2	firms	firm	NOUN
gp-120	101	3	may	may	AUX
gp-120	101	4	also	also	ADV
gp-120	101	5	have	have	VERB
gp-120	101	6	more	more	ADJ
gp-120	101	7	access	access	NOUN
gp-120	101	8	to	to	ADP
gp-120	101	9	capital	capital	NOUN
gp-120	101	10	and	and	CCONJ
gp-120	101	11	be	be	AUX
gp-120	101	12	better	well	ADV
gp-120	101	13	equipped	equip	VERB
gp-120	101	14	to	to	PART
gp-120	101	15	implement	implement	VERB
gp-120	101	16	esg	esg	PROPN
gp-120	101	17	initiatives	initiative	NOUN
gp-120	101	18	,	,	PUNCT
gp-120	101	19	contributing	contribute	VERB
gp-120	101	20	to	to	ADP
gp-120	101	21	their	their	PRON
gp-120	101	22	overall	overall	ADJ
gp-120	101	23	performance	performance	NOUN
gp-120	101	24	.	.	PUNCT
gp-120	102	1	on	on	ADP
gp-120	102	2	the	the	DET
gp-120	102	3	other	other	ADJ
gp-120	102	4	hand	hand	NOUN
gp-120	102	5	,	,	PUNCT
gp-120	102	6	leverage	leverage	NOUN
gp-120	102	7	,	,	PUNCT
gp-120	102	8	measured	measure	VERB
gp-120	102	9	as	as	ADP
gp-120	102	10	the	the	DET
gp-120	102	11	ratio	ratio	NOUN
gp-120	102	12	of	of	ADP
gp-120	102	13	total	total	ADJ
gp-120	102	14	debt	debt	NOUN
gp-120	102	15	to	to	ADP
gp-120	102	16	total	total	ADJ
gp-120	102	17	assets	asset	NOUN
gp-120	102	18	,	,	PUNCT
gp-120	102	19	is	be	AUX
gp-120	102	20	negatively	negatively	ADV
gp-120	102	21	associated	associate	VERB
gp-120	102	22	with	with	ADP
gp-120	102	23	financial	financial	ADJ
gp-120	102	24	performance	performance	NOUN
gp-120	102	25	.	.	PUNCT
gp-120	103	1	the	the	DET
gp-120	103	2	coefficients	coefficient	NOUN
gp-120	103	3	for	for	ADP
gp-120	103	4	roa	roa	PROPN
gp-120	103	5	and	and	CCONJ
gp-120	103	6	roe	roe	PROPN
gp-120	103	7	are	be	AUX
gp-120	103	8	-0.156	-0.156	NUM
gp-120	103	9	and	and	CCONJ
gp-120	103	10	-0.208	-0.208	ADJ
gp-120	103	11	,	,	PUNCT
gp-120	103	12	aman	aman	PROPN
gp-120	103	13	khan	khan	PROPN
gp-120	103	14	burki	burki	PROPN
gp-120	103	15	,	,	PUNCT
gp-120	103	16	mohamed	mohamed	PROPN
gp-120	103	17	normen	normen	PROPN
gp-120	103	18	ahamed	ahamed	PROPN
gp-120	103	19	mafaz	mafaz	PROPN
gp-120	103	20	,	,	PUNCT
gp-120	103	21	zaki	zaki	PROPN
gp-120	103	22	ahmad	ahmad	PROPN
gp-120	103	23	,	,	PUNCT
gp-120	103	24	auni	auni	PROPN
gp-120	103	25	zulfaka	zulfaka	PROPN
gp-120	103	26	,	,	PUNCT
gp-120	103	27	ikhlas	ikhlas	PROPN
gp-120	103	28	al	al	PROPN
gp-120	103	29	-	-	PUNCT
gp-120	103	30	amatullah	amatullah	PROPN
gp-120	103	31	363	363	NUM
gp-120	103	32	respectively	respectively	ADV
gp-120	103	33	,	,	PUNCT
gp-120	103	34	indicating	indicate	VERB
gp-120	103	35	that	that	SCONJ
gp-120	103	36	higher	high	ADJ
gp-120	103	37	levels	level	NOUN
gp-120	103	38	of	of	ADP
gp-120	103	39	debt	debt	NOUN
gp-120	103	40	tend	tend	VERB
gp-120	103	41	to	to	PART
gp-120	103	42	reduce	reduce	VERB
gp-120	103	43	profitability	profitability	NOUN
gp-120	103	44	.	.	PUNCT
gp-120	104	1	this	this	PRON
gp-120	104	2	is	be	AUX
gp-120	104	3	consistent	consistent	ADJ
gp-120	104	4	with	with	ADP
gp-120	104	5	the	the	DET
gp-120	104	6	notion	notion	NOUN
gp-120	104	7	that	that	SCONJ
gp-120	104	8	highly	highly	ADV
gp-120	104	9	leveraged	leveraged	ADJ
gp-120	104	10	firms	firm	NOUN
gp-120	104	11	may	may	AUX
gp-120	104	12	face	face	VERB
gp-120	104	13	higher	high	ADJ
gp-120	104	14	financial	financial	ADJ
gp-120	104	15	risks	risk	NOUN
gp-120	104	16	,	,	PUNCT
gp-120	104	17	including	include	VERB
gp-120	104	18	the	the	DET
gp-120	104	19	costs	cost	NOUN
gp-120	104	20	of	of	ADP
gp-120	104	21	servicing	service	VERB
gp-120	104	22	debt	debt	NOUN
gp-120	104	23	,	,	PUNCT
gp-120	104	24	which	which	PRON
gp-120	104	25	can	can	AUX
gp-120	104	26	erode	erode	VERB
gp-120	104	27	their	their	PRON
gp-120	104	28	profitability	profitability	NOUN
gp-120	104	29	and	and	CCONJ
gp-120	104	30	financial	financial	ADJ
gp-120	104	31	stability	stability	NOUN
gp-120	104	32	.	.	PUNCT
gp-120	105	1	excessive	excessive	ADJ
gp-120	105	2	leverage	leverage	NOUN
gp-120	105	3	may	may	AUX
gp-120	105	4	also	also	ADV
gp-120	105	5	limit	limit	VERB
gp-120	105	6	a	a	DET
gp-120	105	7	firm	firm	NOUN
gp-120	105	8	's	's	PART
gp-120	105	9	ability	ability	NOUN
gp-120	105	10	to	to	PART
gp-120	105	11	invest	invest	VERB
gp-120	105	12	in	in	ADP
gp-120	105	13	sustainable	sustainable	ADJ
gp-120	105	14	practices	practice	NOUN
gp-120	105	15	,	,	PUNCT
gp-120	105	16	which	which	PRON
gp-120	105	17	could	could	AUX
gp-120	105	18	hinder	hinder	VERB
gp-120	105	19	long	long	ADJ
gp-120	105	20	-	-	PUNCT
gp-120	105	21	term	term	NOUN
gp-120	105	22	financial	financial	ADJ
gp-120	105	23	success	success	NOUN
gp-120	105	24	.	.	PUNCT
gp-120	106	1	lastly	lastly	ADV
gp-120	106	2	,	,	PUNCT
gp-120	106	3	country	country	NOUN
gp-120	106	4	-	-	PUNCT
gp-120	106	5	specific	specific	ADJ
gp-120	106	6	gdp	gdp	NOUN
gp-120	106	7	growth	growth	NOUN
gp-120	106	8	shows	show	VERB
gp-120	106	9	a	a	DET
gp-120	106	10	positive	positive	ADJ
gp-120	106	11	correlation	correlation	NOUN
gp-120	106	12	with	with	ADP
gp-120	106	13	financial	financial	ADJ
gp-120	106	14	performance	performance	NOUN
gp-120	106	15	.	.	PUNCT
gp-120	107	1	the	the	DET
gp-120	107	2	coefficient	coefficient	NOUN
gp-120	107	3	for	for	ADP
gp-120	107	4	roa	roa	PROPN
gp-120	107	5	is	be	AUX
gp-120	107	6	0.071	0.071	NUM
gp-120	107	7	,	,	PUNCT
gp-120	107	8	and	and	CCONJ
gp-120	107	9	for	for	ADP
gp-120	107	10	roe	roe	NOUN
gp-120	107	11	,	,	PUNCT
gp-120	107	12	it	it	PRON
gp-120	107	13	is	be	AUX
gp-120	107	14	0.054	0.054	NUM
gp-120	107	15	.	.	PUNCT
gp-120	108	1	this	this	PRON
gp-120	108	2	suggests	suggest	VERB
gp-120	108	3	that	that	SCONJ
gp-120	108	4	firms	firm	NOUN
gp-120	108	5	operating	operate	VERB
gp-120	108	6	in	in	ADP
gp-120	108	7	countries	country	NOUN
gp-120	108	8	experiencing	experience	VERB
gp-120	108	9	stronger	strong	ADJ
gp-120	108	10	economic	economic	ADJ
gp-120	108	11	growth	growth	NOUN
gp-120	108	12	tend	tend	VERB
gp-120	108	13	to	to	PART
gp-120	108	14	perform	perform	VERB
gp-120	108	15	better	well	ADV
gp-120	108	16	financially	financially	ADV
gp-120	108	17	.	.	PUNCT
gp-120	109	1	this	this	DET
gp-120	109	2	result	result	NOUN
gp-120	109	3	highlights	highlight	VERB
gp-120	109	4	the	the	DET
gp-120	109	5	importance	importance	NOUN
gp-120	109	6	of	of	ADP
gp-120	109	7	favorable	favorable	ADJ
gp-120	109	8	macroeconomic	macroeconomic	ADJ
gp-120	109	9	conditions	condition	NOUN
gp-120	109	10	,	,	PUNCT
gp-120	109	11	as	as	SCONJ
gp-120	109	12	economic	economic	ADJ
gp-120	109	13	growth	growth	NOUN
gp-120	109	14	generally	generally	ADV
gp-120	109	15	advances	advance	VERB
gp-120	109	16	higher	high	ADJ
gp-120	109	17	demand	demand	NOUN
gp-120	109	18	for	for	ADP
gp-120	109	19	products	product	NOUN
gp-120	109	20	and	and	CCONJ
gp-120	109	21	services	service	NOUN
gp-120	109	22	,	,	PUNCT
gp-120	109	23	which	which	PRON
gp-120	109	24	in	in	ADP
gp-120	109	25	turn	turn	NOUN
gp-120	109	26	drives	drive	VERB
gp-120	109	27	profitability	profitability	NOUN
gp-120	109	28	for	for	ADP
gp-120	109	29	firms	firm	NOUN
gp-120	109	30	.	.	PUNCT
gp-120	110	1	in	in	ADP
gp-120	110	2	the	the	DET
gp-120	110	3	context	context	NOUN
gp-120	110	4	of	of	ADP
gp-120	110	5	asean	asean	ADJ
gp-120	110	6	countries	country	NOUN
gp-120	110	7	,	,	PUNCT
gp-120	110	8	where	where	SCONJ
gp-120	110	9	economic	economic	ADJ
gp-120	110	10	growth	growth	NOUN
gp-120	110	11	has	have	AUX
gp-120	110	12	been	be	AUX
gp-120	110	13	relatively	relatively	ADV
gp-120	110	14	strong	strong	ADJ
gp-120	110	15	,	,	PUNCT
gp-120	110	16	this	this	DET
gp-120	110	17	factor	factor	NOUN
gp-120	110	18	plays	play	VERB
gp-120	110	19	a	a	DET
gp-120	110	20	crucial	crucial	ADJ
gp-120	110	21	role	role	NOUN
gp-120	110	22	in	in	ADP
gp-120	110	23	shaping	shape	VERB
gp-120	110	24	the	the	DET
gp-120	110	25	financial	financial	ADJ
gp-120	110	26	performance	performance	NOUN
gp-120	110	27	of	of	ADP
gp-120	110	28	listed	list	VERB
gp-120	110	29	companies	company	NOUN
gp-120	110	30	.	.	PUNCT
gp-120	111	1	the	the	DET
gp-120	111	2	hansen	hansen	PROPN
gp-120	111	3	j	j	PROPN
gp-120	111	4	-	-	PUNCT
gp-120	111	5	test	test	NOUN
gp-120	111	6	results	result	NOUN
gp-120	111	7	,	,	PUNCT
gp-120	111	8	with	with	ADP
gp-120	111	9	p	p	NOUN
gp-120	111	10	-	-	PUNCT
gp-120	111	11	values	value	NOUN
gp-120	111	12	of	of	ADP
gp-120	111	13	0.731	0.731	NUM
gp-120	111	14	for	for	ADP
gp-120	111	15	roa	roa	NOUN
gp-120	111	16	and	and	CCONJ
gp-120	111	17	0.645	0.645	NUM
gp-120	111	18	for	for	ADP
gp-120	111	19	roe	roe	NOUN
gp-120	111	20	,	,	PUNCT
gp-120	111	21	indicate	indicate	VERB
gp-120	111	22	that	that	SCONJ
gp-120	111	23	the	the	DET
gp-120	111	24	instruments	instrument	NOUN
gp-120	111	25	used	use	VERB
gp-120	111	26	in	in	ADP
gp-120	111	27	the	the	DET
gp-120	111	28	generalized	generalized	ADJ
gp-120	111	29	method	method	NOUN
gp-120	111	30	of	of	ADP
gp-120	111	31	moments	moment	NOUN
gp-120	111	32	(	(	PUNCT
gp-120	111	33	gmm	gmm	NOUN
gp-120	111	34	)	)	PUNCT
gp-120	111	35	estimation	estimation	NOUN
gp-120	111	36	are	be	AUX
gp-120	111	37	valid	valid	ADJ
gp-120	111	38	.	.	PUNCT
gp-120	112	1	in	in	ADP
gp-120	112	2	gmm	gmm	PROPN
gp-120	112	3	,	,	PUNCT
gp-120	112	4	the	the	DET
gp-120	112	5	use	use	NOUN
gp-120	112	6	of	of	ADP
gp-120	112	7	instrumental	instrumental	ADJ
gp-120	112	8	variables	variable	NOUN
gp-120	112	9	is	be	AUX
gp-120	112	10	crucial	crucial	ADJ
gp-120	112	11	to	to	PART
gp-120	112	12	address	address	VERB
gp-120	112	13	potential	potential	ADJ
gp-120	112	14	endogeneity	endogeneity	NOUN
gp-120	112	15	issues	issue	NOUN
gp-120	112	16	,	,	PUNCT
gp-120	112	17	such	such	ADJ
gp-120	112	18	as	as	ADP
gp-120	112	19	omitted	omit	VERB
gp-120	112	20	variable	variable	ADJ
gp-120	112	21	bias	bias	NOUN
gp-120	112	22	or	or	CCONJ
gp-120	112	23	reverse	reverse	ADJ
gp-120	112	24	causality	causality	NOUN
gp-120	112	25	.	.	PUNCT
gp-120	113	1	the	the	DET
gp-120	113	2	hansen	hansen	PROPN
gp-120	113	3	j	j	PROPN
gp-120	113	4	-	-	PUNCT
gp-120	113	5	test	test	NOUN
gp-120	113	6	assesses	assess	VERB
gp-120	113	7	the	the	DET
gp-120	113	8	overall	overall	ADJ
gp-120	113	9	validity	validity	NOUN
gp-120	113	10	of	of	ADP
gp-120	113	11	these	these	DET
gp-120	113	12	instruments	instrument	NOUN
gp-120	113	13	by	by	ADP
gp-120	113	14	examining	examine	VERB
gp-120	113	15	whether	whether	SCONJ
gp-120	113	16	they	they	PRON
gp-120	113	17	are	be	AUX
gp-120	113	18	uncorrelated	uncorrelated	ADJ
gp-120	113	19	with	with	ADP
gp-120	113	20	the	the	DET
gp-120	113	21	error	error	NOUN
gp-120	113	22	term	term	NOUN
gp-120	113	23	.	.	PUNCT
gp-120	114	1	a	a	DET
gp-120	114	2	high	high	ADJ
gp-120	114	3	p	p	NOUN
gp-120	114	4	-	-	PUNCT
gp-120	114	5	value	value	NOUN
gp-120	114	6	,	,	PUNCT
gp-120	114	7	as	as	SCONJ
gp-120	114	8	observed	observe	VERB
gp-120	114	9	in	in	ADP
gp-120	114	10	both	both	DET
gp-120	114	11	models	model	NOUN
gp-120	114	12	,	,	PUNCT
gp-120	114	13	suggests	suggest	VERB
gp-120	114	14	that	that	SCONJ
gp-120	114	15	the	the	DET
gp-120	114	16	null	null	ADJ
gp-120	114	17	hypothesis	hypothesis	NOUN
gp-120	114	18	—	—	PUNCT
gp-120	114	19	that	that	SCONJ
gp-120	114	20	the	the	DET
gp-120	114	21	instruments	instrument	NOUN
gp-120	114	22	are	be	AUX
gp-120	114	23	valid	valid	ADJ
gp-120	114	24	—	—	PUNCT
gp-120	114	25	cannot	cannot	ADV
gp-120	114	26	be	be	AUX
gp-120	114	27	rejected	reject	VERB
gp-120	114	28	.	.	PUNCT
gp-120	115	1	in	in	ADP
gp-120	115	2	other	other	ADJ
gp-120	115	3	words	word	NOUN
gp-120	115	4	,	,	PUNCT
gp-120	115	5	the	the	DET
gp-120	115	6	instruments	instrument	NOUN
gp-120	115	7	are	be	AUX
gp-120	115	8	appropriately	appropriately	ADV
gp-120	115	9	chosen	choose	VERB
gp-120	115	10	and	and	CCONJ
gp-120	115	11	do	do	AUX
gp-120	115	12	not	not	PART
gp-120	115	13	introduce	introduce	VERB
gp-120	115	14	bias	bias	NOUN
gp-120	115	15	into	into	ADP
gp-120	115	16	the	the	DET
gp-120	115	17	estimation	estimation	NOUN
gp-120	115	18	process	process	NOUN
gp-120	115	19	.	.	PUNCT
gp-120	116	1	the	the	DET
gp-120	116	2	validity	validity	NOUN
gp-120	116	3	of	of	ADP
gp-120	116	4	the	the	DET
gp-120	116	5	instruments	instrument	NOUN
gp-120	116	6	ensures	ensure	VERB
gp-120	116	7	the	the	DET
gp-120	116	8	robustness	robustness	NOUN
gp-120	116	9	of	of	ADP
gp-120	116	10	the	the	DET
gp-120	116	11	gmm	gmm	NOUN
gp-120	116	12	results	result	NOUN
gp-120	116	13	,	,	PUNCT
gp-120	116	14	enhancing	enhance	VERB
gp-120	116	15	the	the	DET
gp-120	116	16	credibility	credibility	NOUN
gp-120	116	17	of	of	ADP
gp-120	116	18	the	the	DET
gp-120	116	19	findings	finding	NOUN
gp-120	116	20	regarding	regard	VERB
gp-120	116	21	the	the	DET
gp-120	116	22	relationship	relationship	NOUN
gp-120	116	23	between	between	ADP
gp-120	116	24	esg	esg	PROPN
gp-120	116	25	disclosure	disclosure	NOUN
gp-120	116	26	and	and	CCONJ
gp-120	116	27	financial	financial	ADJ
gp-120	116	28	performance	performance	NOUN
gp-120	116	29	.	.	PUNCT
gp-120	117	1	the	the	DET
gp-120	117	2	soegiarto	soegiarto	PROPN
gp-120	117	3	et	et	PROPN
gp-120	117	4	al	al	PROPN
gp-120	117	5	.	.	PROPN
gp-120	117	6	test	test	PROPN
gp-120	117	7	for	for	ADP
gp-120	117	8	second	second	ADJ
gp-120	117	9	-	-	PUNCT
gp-120	117	10	order	order	NOUN
gp-120	117	11	serial	serial	ADJ
gp-120	117	12	correlation	correlation	NOUN
gp-120	117	13	ar	ar	NOUN
gp-120	117	14	(	(	PUNCT
gp-120	117	15	2	2	NUM
gp-120	117	16	)	)	PUNCT
gp-120	117	17	provides	provide	VERB
gp-120	117	18	further	further	ADJ
gp-120	117	19	confirmation	confirmation	NOUN
gp-120	117	20	of	of	ADP
gp-120	117	21	the	the	DET
gp-120	117	22	reliability	reliability	NOUN
gp-120	117	23	of	of	ADP
gp-120	117	24	the	the	DET
gp-120	117	25	gmm	gmm	PROPN
gp-120	117	26	estimation	estimation	NOUN
gp-120	117	27	.	.	PUNCT
gp-120	118	1	the	the	DET
gp-120	118	2	p	p	NOUN
gp-120	118	3	-	-	PUNCT
gp-120	118	4	values	value	NOUN
gp-120	118	5	of	of	ADP
gp-120	118	6	0.210	0.210	NUM
gp-120	118	7	for	for	ADP
gp-120	118	8	roa	roa	NOUN
gp-120	118	9	and	and	CCONJ
gp-120	118	10	0.178	0.178	NUM
gp-120	118	11	for	for	ADP
gp-120	118	12	roe	roe	PROPN
gp-120	118	13	suggest	suggest	VERB
gp-120	118	14	that	that	SCONJ
gp-120	118	15	there	there	PRON
gp-120	118	16	is	be	VERB
gp-120	118	17	no	no	DET
gp-120	118	18	evidence	evidence	NOUN
gp-120	118	19	of	of	ADP
gp-120	118	20	second	second	ADJ
gp-120	118	21	-	-	PUNCT
gp-120	118	22	order	order	NOUN
gp-120	118	23	serial	serial	ADJ
gp-120	118	24	correlation	correlation	NOUN
gp-120	118	25	in	in	ADP
gp-120	118	26	the	the	DET
gp-120	118	27	residuals	residual	NOUN
gp-120	118	28	.	.	PUNCT
gp-120	119	1	in	in	ADP
gp-120	119	2	dynamic	dynamic	ADJ
gp-120	119	3	panel	panel	NOUN
gp-120	119	4	models	model	NOUN
gp-120	119	5	like	like	ADP
gp-120	119	6	gmm	gmm	PROPN
gp-120	119	7	,	,	PUNCT
gp-120	119	8	first	first	ADV
gp-120	119	9	-	-	PUNCT
gp-120	119	10	differencing	differencing	NOUN
gp-120	119	11	is	be	AUX
gp-120	119	12	employed	employ	VERB
gp-120	119	13	to	to	PART
gp-120	119	14	eliminate	eliminate	VERB
gp-120	119	15	unobserved	unobserved	ADJ
gp-120	119	16	firmspecific	firmspecific	ADJ
gp-120	119	17	effects	effect	NOUN
gp-120	119	18	,	,	PUNCT
gp-120	119	19	but	but	CCONJ
gp-120	119	20	this	this	PRON
gp-120	119	21	can	can	AUX
gp-120	119	22	introduce	introduce	VERB
gp-120	119	23	serial	serial	ADJ
gp-120	119	24	correlation	correlation	NOUN
gp-120	119	25	.	.	PUNCT
gp-120	120	1	the	the	DET
gp-120	120	2	soegiarto	soegiarto	PROPN
gp-120	120	3	et	et	PROPN
gp-120	120	4	al	al	PROPN
gp-120	120	5	.	.	PUNCT
gp-120	120	6	test	test	NOUN
gp-120	120	7	checks	check	NOUN
gp-120	120	8	for	for	ADP
gp-120	120	9	such	such	ADJ
gp-120	120	10	correlation	correlation	NOUN
gp-120	120	11	in	in	ADP
gp-120	120	12	the	the	DET
gp-120	120	13	differenced	differenced	ADJ
gp-120	120	14	residuals	residual	NOUN
gp-120	120	15	.	.	PUNCT
gp-120	121	1	while	while	SCONJ
gp-120	121	2	first	first	ADJ
gp-120	121	3	-	-	PUNCT
gp-120	121	4	order	order	NOUN
gp-120	121	5	serial	serial	ADJ
gp-120	121	6	correlation	correlation	NOUN
gp-120	121	7	ar	ar	NOUN
gp-120	121	8	(	(	PUNCT
gp-120	121	9	1	1	NUM
gp-120	121	10	)	)	PUNCT
gp-120	121	11	is	be	AUX
gp-120	121	12	expected	expect	VERB
gp-120	121	13	due	due	ADP
gp-120	121	14	to	to	ADP
gp-120	121	15	the	the	DET
gp-120	121	16	nature	nature	NOUN
gp-120	121	17	of	of	ADP
gp-120	121	18	the	the	DET
gp-120	121	19	differencing	differencing	NOUN
gp-120	121	20	,	,	PUNCT
gp-120	121	21	second	second	ADJ
gp-120	121	22	-	-	PUNCT
gp-120	121	23	order	order	NOUN
gp-120	121	24	serial	serial	ADJ
gp-120	121	25	correlation	correlation	NOUN
gp-120	121	26	ar	ar	NOUN
gp-120	121	27	(	(	PUNCT
gp-120	121	28	2	2	NUM
gp-120	121	29	)	)	PUNCT
gp-120	121	30	would	would	AUX
gp-120	121	31	indicate	indicate	VERB
gp-120	121	32	a	a	DET
gp-120	121	33	misspecification	misspecification	NOUN
gp-120	121	34	of	of	ADP
gp-120	121	35	the	the	DET
gp-120	121	36	model	model	NOUN
gp-120	121	37	.	.	PUNCT
gp-120	122	1	the	the	DET
gp-120	122	2	absence	absence	NOUN
gp-120	122	3	of	of	ADP
gp-120	122	4	significant	significant	ADJ
gp-120	122	5	ar	ar	NOUN
gp-120	122	6	(	(	PUNCT
gp-120	122	7	2	2	NUM
gp-120	122	8	)	)	PUNCT
gp-120	122	9	,	,	PUNCT
gp-120	122	10	as	as	SCONJ
gp-120	122	11	demonstrated	demonstrate	VERB
gp-120	122	12	by	by	ADP
gp-120	122	13	the	the	DET
gp-120	122	14	pvalues	pvalue	NOUN
gp-120	122	15	,	,	PUNCT
gp-120	122	16	confirms	confirm	VERB
gp-120	122	17	that	that	SCONJ
gp-120	122	18	the	the	DET
gp-120	122	19	model	model	NOUN
gp-120	122	20	is	be	AUX
gp-120	122	21	correctly	correctly	ADV
gp-120	122	22	specified	specify	VERB
gp-120	122	23	and	and	CCONJ
gp-120	122	24	that	that	SCONJ
gp-120	122	25	the	the	DET
gp-120	122	26	gmm	gmm	PROPN
gp-120	122	27	estimations	estimation	NOUN
gp-120	122	28	are	be	AUX
gp-120	122	29	reliable	reliable	ADJ
gp-120	122	30	.	.	PUNCT
gp-120	123	1	this	this	DET
gp-120	123	2	result	result	NOUN
gp-120	123	3	reassures	reassure	VERB
gp-120	123	4	that	that	SCONJ
gp-120	123	5	the	the	DET
gp-120	123	6	dynamic	dynamic	ADJ
gp-120	123	7	relationships	relationship	NOUN
gp-120	123	8	between	between	ADP
gp-120	123	9	esg	esg	NOUN
gp-120	123	10	disclosures	disclosure	NOUN
gp-120	123	11	and	and	CCONJ
gp-120	123	12	financial	financial	ADJ
gp-120	123	13	performance	performance	NOUN
gp-120	123	14	are	be	AUX
gp-120	123	15	being	be	AUX
gp-120	123	16	accurately	accurately	ADV
gp-120	123	17	captured	capture	VERB
gp-120	123	18	,	,	PUNCT
gp-120	123	19	free	free	ADJ
gp-120	123	20	from	from	ADP
gp-120	123	21	distortion	distortion	NOUN
gp-120	123	22	due	due	ADP
gp-120	123	23	to	to	ADP
gp-120	123	24	serial	serial	ADJ
gp-120	123	25	correlation	correlation	NOUN
gp-120	123	26	in	in	ADP
gp-120	123	27	the	the	DET
gp-120	123	28	data	datum	NOUN
gp-120	123	29	.	.	PUNCT
gp-120	124	1	the	the	DET
gp-120	124	2	results	result	NOUN
gp-120	124	3	of	of	ADP
gp-120	124	4	this	this	DET
gp-120	124	5	study	study	NOUN
gp-120	124	6	align	align	VERB
gp-120	124	7	with	with	ADP
gp-120	124	8	and	and	CCONJ
gp-120	124	9	expand	expand	VERB
gp-120	124	10	upon	upon	SCONJ
gp-120	124	11	the	the	DET
gp-120	124	12	findings	finding	NOUN
gp-120	124	13	of	of	ADP
gp-120	124	14	previous	previous	ADJ
gp-120	124	15	research	research	NOUN
gp-120	124	16	,	,	PUNCT
gp-120	124	17	contributing	contribute	VERB
gp-120	124	18	to	to	ADP
gp-120	124	19	the	the	DET
gp-120	124	20	growing	grow	VERB
gp-120	124	21	understanding	understanding	NOUN
gp-120	124	22	of	of	ADP
gp-120	124	23	the	the	DET
gp-120	124	24	relationship	relationship	NOUN
gp-120	124	25	between	between	ADP
gp-120	124	26	esg	esg	NOUN
gp-120	124	27	disclosures	disclosure	NOUN
gp-120	124	28	and	and	CCONJ
gp-120	124	29	financial	financial	ADJ
gp-120	124	30	performance	performance	NOUN
gp-120	124	31	.	.	PUNCT
gp-120	125	1	the	the	DET
gp-120	125	2	significant	significant	ADJ
gp-120	125	3	and	and	CCONJ
gp-120	125	4	positive	positive	ADJ
gp-120	125	5	relationship	relationship	NOUN
gp-120	125	6	observed	observe	VERB
gp-120	125	7	between	between	ADP
gp-120	125	8	lagged	lag	VERB
gp-120	125	9	financial	financial	ADJ
gp-120	125	10	performance	performance	NOUN
gp-120	125	11	variables	variable	NOUN
gp-120	125	12	(	(	PUNCT
gp-120	125	13	roa	roa	NOUN
gp-120	125	14	and	and	CCONJ
gp-120	125	15	roe	roe	PROPN
gp-120	125	16	)	)	PUNCT
gp-120	125	17	and	and	CCONJ
gp-120	125	18	current	current	ADJ
gp-120	125	19	financial	financial	ADJ
gp-120	125	20	performance	performance	NOUN
gp-120	125	21	highlights	highlight	VERB
gp-120	125	22	the	the	DET
gp-120	125	23	persistence	persistence	NOUN
gp-120	125	24	of	of	ADP
gp-120	125	25	profitability	profitability	NOUN
gp-120	125	26	within	within	ADP
gp-120	125	27	firms	firm	NOUN
gp-120	125	28	.	.	PUNCT
gp-120	126	1	this	this	DET
gp-120	126	2	finding	finding	NOUN
gp-120	126	3	is	be	AUX
gp-120	126	4	consistent	consistent	ADJ
gp-120	126	5	with	with	ADP
gp-120	126	6	the	the	DET
gp-120	126	7	literature	literature	NOUN
gp-120	126	8	suggesting	suggest	VERB
gp-120	126	9	that	that	SCONJ
gp-120	126	10	firms	firm	NOUN
gp-120	126	11	with	with	ADP
gp-120	126	12	strong	strong	ADJ
gp-120	126	13	historical	historical	ADJ
gp-120	126	14	financial	financial	ADJ
gp-120	126	15	outcomes	outcome	NOUN
gp-120	126	16	tend	tend	VERB
gp-120	126	17	to	to	PART
gp-120	126	18	sustain	sustain	VERB
gp-120	126	19	their	their	PRON
gp-120	126	20	performance	performance	NOUN
gp-120	126	21	over	over	ADP
gp-120	126	22	time	time	NOUN
gp-120	126	23	.	.	PUNCT
gp-120	127	1	american	american	ADJ
gp-120	127	2	journal	journal	PROPN
gp-120	127	3	of	of	ADP
gp-120	127	4	economic	economic	ADJ
gp-120	127	5	and	and	CCONJ
gp-120	127	6	management	management	NOUN
gp-120	127	7	business	business	NOUN
gp-120	127	8	vol	vol	NOUN
gp-120	127	9	.	.	PROPN
gp-120	128	1	3	3	NUM
gp-120	128	2	no	no	NOUN
gp-120	128	3	.	.	PUNCT
gp-120	129	1	10	10	NUM
gp-120	129	2	oktober	oktober	NOUN
gp-120	129	3	2024	2024	NUM
gp-120	129	4	364	364	NUM
gp-120	129	5	prior	prior	ADJ
gp-120	129	6	studies	study	NOUN
gp-120	129	7	,	,	PUNCT
gp-120	129	8	such	such	ADJ
gp-120	129	9	as	as	ADP
gp-120	129	10	those	those	PRON
gp-120	129	11	by	by	ADP
gp-120	129	12	waddock	waddock	NOUN
gp-120	129	13	and	and	CCONJ
gp-120	129	14	graves	grave	NOUN
gp-120	129	15	(	(	PUNCT
gp-120	129	16	2018	2018	NUM
gp-120	129	17	)	)	PUNCT
gp-120	129	18	,	,	PUNCT
gp-120	129	19	have	have	AUX
gp-120	129	20	emphasized	emphasize	VERB
gp-120	129	21	the	the	DET
gp-120	129	22	path	path	NOUN
gp-120	129	23	dependency	dependency	NOUN
gp-120	129	24	of	of	ADP
gp-120	129	25	financial	financial	ADJ
gp-120	129	26	success	success	NOUN
gp-120	129	27	,	,	PUNCT
gp-120	129	28	where	where	SCONJ
gp-120	129	29	past	past	ADJ
gp-120	129	30	profitability	profitability	NOUN
gp-120	129	31	provides	provide	VERB
gp-120	129	32	a	a	DET
gp-120	129	33	firm	firm	NOUN
gp-120	129	34	with	with	ADP
gp-120	129	35	the	the	DET
gp-120	129	36	resources	resource	NOUN
gp-120	129	37	to	to	PART
gp-120	129	38	continue	continue	VERB
gp-120	129	39	performing	perform	VERB
gp-120	129	40	well	well	ADV
gp-120	129	41	,	,	PUNCT
gp-120	129	42	enabling	enable	VERB
gp-120	129	43	reinvestment	reinvestment	NOUN
gp-120	129	44	into	into	ADP
gp-120	129	45	high	high	ADJ
gp-120	129	46	-	-	PUNCT
gp-120	129	47	potential	potential	ADJ
gp-120	129	48	areas	area	NOUN
gp-120	129	49	,	,	PUNCT
gp-120	129	50	including	include	VERB
gp-120	129	51	esg	esg	PROPN
gp-120	129	52	initiatives	initiative	NOUN
gp-120	129	53	.	.	PUNCT
gp-120	130	1	the	the	DET
gp-120	130	2	coefficients	coefficient	NOUN
gp-120	130	3	for	for	ADP
gp-120	130	4	lagged	lag	VERB
gp-120	130	5	roa	roa	NOUN
gp-120	130	6	(	(	PUNCT
gp-120	130	7	0.321	0.321	NUM
gp-120	130	8	)	)	PUNCT
gp-120	130	9	and	and	CCONJ
gp-120	130	10	roe	roe	PROPN
gp-120	130	11	(	(	PUNCT
gp-120	130	12	0.478	0.478	NUM
gp-120	130	13	)	)	PUNCT
gp-120	130	14	observed	observe	VERB
gp-120	130	15	in	in	ADP
gp-120	130	16	this	this	DET
gp-120	130	17	study	study	NOUN
gp-120	130	18	reinforce	reinforce	VERB
gp-120	130	19	this	this	DET
gp-120	130	20	notion	notion	NOUN
gp-120	130	21	,	,	PUNCT
gp-120	130	22	showing	show	VERB
gp-120	130	23	moderate	moderate	ADJ
gp-120	130	24	persistence	persistence	NOUN
gp-120	130	25	in	in	ADP
gp-120	130	26	financial	financial	ADJ
gp-120	130	27	performance	performance	NOUN
gp-120	130	28	across	across	ADP
gp-120	130	29	asean	asean	ADJ
gp-120	130	30	-	-	PUNCT
gp-120	130	31	listed	list	VERB
gp-120	130	32	firms	firm	NOUN
gp-120	130	33	.	.	PUNCT
gp-120	131	1	the	the	DET
gp-120	131	2	positive	positive	ADJ
gp-120	131	3	and	and	CCONJ
gp-120	131	4	significant	significant	ADJ
gp-120	131	5	impact	impact	NOUN
gp-120	131	6	of	of	ADP
gp-120	131	7	esg	esg	NOUN
gp-120	131	8	disclosures	disclosure	NOUN
gp-120	131	9	on	on	ADP
gp-120	131	10	both	both	DET
gp-120	131	11	roa	roa	NOUN
gp-120	131	12	and	and	CCONJ
gp-120	131	13	roe	roe	PROPN
gp-120	131	14	,	,	PUNCT
gp-120	131	15	as	as	SCONJ
gp-120	131	16	revealed	reveal	VERB
gp-120	131	17	by	by	ADP
gp-120	131	18	the	the	DET
gp-120	131	19	results	result	NOUN
gp-120	131	20	,	,	PUNCT
gp-120	131	21	is	be	AUX
gp-120	131	22	in	in	ADP
gp-120	131	23	line	line	NOUN
gp-120	131	24	with	with	ADP
gp-120	131	25	the	the	DET
gp-120	131	26	growing	grow	VERB
gp-120	131	27	consensus	consensus	NOUN
gp-120	131	28	in	in	ADP
gp-120	131	29	the	the	DET
gp-120	131	30	literature	literature	NOUN
gp-120	131	31	that	that	PRON
gp-120	131	32	transparency	transparency	NOUN
gp-120	131	33	in	in	ADP
gp-120	131	34	environmental	environmental	ADJ
gp-120	131	35	,	,	PUNCT
gp-120	131	36	social	social	ADJ
gp-120	131	37	,	,	PUNCT
gp-120	131	38	and	and	CCONJ
gp-120	131	39	governance	governance	NOUN
gp-120	131	40	practices	practice	NOUN
gp-120	131	41	can	can	AUX
gp-120	131	42	enhance	enhance	VERB
gp-120	131	43	financial	financial	ADJ
gp-120	131	44	performance	performance	NOUN
gp-120	131	45	.	.	PUNCT
gp-120	132	1	specifically	specifically	ADV
gp-120	132	2	,	,	PUNCT
gp-120	132	3	this	this	DET
gp-120	132	4	study	study	NOUN
gp-120	132	5	finds	find	VERB
gp-120	132	6	that	that	SCONJ
gp-120	132	7	a	a	DET
gp-120	132	8	1	1	NUM
gp-120	132	9	-	-	PUNCT
gp-120	132	10	point	point	NOUN
gp-120	132	11	increase	increase	NOUN
gp-120	132	12	in	in	ADP
gp-120	132	13	esg	esg	PROPN
gp-120	132	14	disclosure	disclosure	NOUN
gp-120	132	15	is	be	AUX
gp-120	132	16	associated	associate	VERB
gp-120	132	17	with	with	ADP
gp-120	132	18	a	a	DET
gp-120	132	19	0.145	0.145	NUM
gp-120	132	20	%	%	NOUN
gp-120	132	21	rise	rise	NOUN
gp-120	132	22	in	in	ADP
gp-120	132	23	roa	roa	NOUN
gp-120	132	24	and	and	CCONJ
gp-120	132	25	a	a	DET
gp-120	132	26	0.182	0.182	NUM
gp-120	132	27	%	%	NOUN
gp-120	132	28	rise	rise	NOUN
gp-120	132	29	in	in	ADP
gp-120	132	30	roe	roe	NOUN
gp-120	132	31	.	.	PUNCT
gp-120	133	1	these	these	DET
gp-120	133	2	results	result	NOUN
gp-120	133	3	echo	echo	VERB
gp-120	133	4	the	the	DET
gp-120	133	5	findings	finding	NOUN
gp-120	133	6	of	of	ADP
gp-120	133	7	friede	friede	NOUN
gp-120	133	8	,	,	PUNCT
gp-120	133	9	busch	busch	PROPN
gp-120	133	10	,	,	PUNCT
gp-120	133	11	and	and	CCONJ
gp-120	133	12	bassen	bassen	PROPN
gp-120	133	13	(	(	PUNCT
gp-120	133	14	2015	2015	NUM
gp-120	133	15	)	)	PUNCT
gp-120	133	16	,	,	PUNCT
gp-120	133	17	who	who	PRON
gp-120	133	18	conducted	conduct	VERB
gp-120	133	19	a	a	DET
gp-120	133	20	meta	meta	ADJ
gp-120	133	21	-	-	PUNCT
gp-120	133	22	analysis	analysis	NOUN
gp-120	133	23	demonstrating	demonstrate	VERB
gp-120	133	24	a	a	DET
gp-120	133	25	positive	positive	ADJ
gp-120	133	26	relationship	relationship	NOUN
gp-120	133	27	between	between	ADP
gp-120	133	28	esg	esg	NOUN
gp-120	133	29	factors	factor	NOUN
gp-120	133	30	and	and	CCONJ
gp-120	133	31	financial	financial	ADJ
gp-120	133	32	performance	performance	NOUN
gp-120	133	33	across	across	ADP
gp-120	133	34	a	a	DET
gp-120	133	35	wide	wide	ADJ
gp-120	133	36	range	range	NOUN
gp-120	133	37	of	of	ADP
gp-120	133	38	studies	study	NOUN
gp-120	133	39	.	.	PUNCT
gp-120	134	1	similarly	similarly	ADV
gp-120	134	2	,	,	PUNCT
gp-120	134	3	velte	velte	NOUN
gp-120	134	4	(	(	PUNCT
gp-120	134	5	2017	2017	NUM
gp-120	134	6	)	)	PUNCT
gp-120	134	7	found	find	VERB
gp-120	134	8	that	that	SCONJ
gp-120	134	9	companies	company	NOUN
gp-120	134	10	with	with	ADP
gp-120	134	11	higher	high	ADJ
gp-120	134	12	esg	esg	PROPN
gp-120	134	13	ratings	rating	NOUN
gp-120	134	14	tend	tend	VERB
gp-120	134	15	to	to	PART
gp-120	134	16	outperform	outperform	VERB
gp-120	134	17	their	their	PRON
gp-120	134	18	peers	peer	NOUN
gp-120	134	19	,	,	PUNCT
gp-120	134	20	particularly	particularly	ADV
gp-120	134	21	in	in	ADP
gp-120	134	22	the	the	DET
gp-120	134	23	long	long	ADJ
gp-120	134	24	run	run	NOUN
gp-120	134	25	.	.	PUNCT
gp-120	135	1	the	the	DET
gp-120	135	2	positive	positive	ADJ
gp-120	135	3	effect	effect	NOUN
gp-120	135	4	observed	observe	VERB
gp-120	135	5	in	in	ADP
gp-120	135	6	this	this	DET
gp-120	135	7	study	study	NOUN
gp-120	135	8	could	could	AUX
gp-120	135	9	be	be	AUX
gp-120	135	10	due	due	ADJ
gp-120	135	11	to	to	ADP
gp-120	135	12	several	several	ADJ
gp-120	135	13	factors	factor	NOUN
gp-120	135	14	,	,	PUNCT
gp-120	135	15	including	include	VERB
gp-120	135	16	improved	improve	VERB
gp-120	135	17	investor	investor	NOUN
gp-120	135	18	confidence	confidence	NOUN
gp-120	135	19	,	,	PUNCT
gp-120	135	20	enhanced	enhance	VERB
gp-120	135	21	risk	risk	NOUN
gp-120	135	22	management	management	NOUN
gp-120	135	23	,	,	PUNCT
gp-120	135	24	and	and	CCONJ
gp-120	135	25	reputational	reputational	ADJ
gp-120	135	26	advantages	advantage	NOUN
gp-120	135	27	.	.	PUNCT
gp-120	136	1	investors	investor	NOUN
gp-120	136	2	are	be	AUX
gp-120	136	3	increasingly	increasingly	ADV
gp-120	136	4	integrating	integrate	VERB
gp-120	136	5	esg	esg	NOUN
gp-120	136	6	considerations	consideration	NOUN
gp-120	136	7	into	into	ADP
gp-120	136	8	their	their	PRON
gp-120	136	9	investment	investment	NOUN
gp-120	136	10	decisions	decision	NOUN
gp-120	136	11	,	,	PUNCT
gp-120	136	12	which	which	PRON
gp-120	136	13	drives	drive	VERB
gp-120	136	14	up	up	ADP
gp-120	136	15	demand	demand	NOUN
gp-120	136	16	for	for	ADP
gp-120	136	17	companies	company	NOUN
gp-120	136	18	with	with	ADP
gp-120	136	19	higher	high	ADJ
gp-120	136	20	esg	esg	PROPN
gp-120	136	21	scores	score	NOUN
gp-120	136	22	,	,	PUNCT
gp-120	136	23	potentially	potentially	ADV
gp-120	136	24	improving	improve	VERB
gp-120	136	25	these	these	DET
gp-120	136	26	firms	firm	NOUN
gp-120	136	27	’	’	PART
gp-120	136	28	market	market	NOUN
gp-120	136	29	valuations	valuation	NOUN
gp-120	136	30	and	and	CCONJ
gp-120	136	31	financial	financial	ADJ
gp-120	136	32	outcomes	outcome	NOUN
gp-120	136	33	.	.	PUNCT
gp-120	137	1	the	the	DET
gp-120	137	2	role	role	NOUN
gp-120	137	3	of	of	ADP
gp-120	137	4	firm	firm	ADJ
gp-120	137	5	size	size	NOUN
gp-120	137	6	in	in	ADP
gp-120	137	7	influencing	influence	VERB
gp-120	137	8	financial	financial	ADJ
gp-120	137	9	performance	performance	NOUN
gp-120	137	10	is	be	AUX
gp-120	137	11	another	another	DET
gp-120	137	12	key	key	ADJ
gp-120	137	13	finding	finding	NOUN
gp-120	137	14	that	that	PRON
gp-120	137	15	resonates	resonate	VERB
gp-120	137	16	with	with	ADP
gp-120	137	17	previous	previous	ADJ
gp-120	137	18	research	research	NOUN
gp-120	137	19	.	.	PUNCT
gp-120	138	1	larger	large	ADJ
gp-120	138	2	firms	firm	NOUN
gp-120	138	3	,	,	PUNCT
gp-120	138	4	as	as	SCONJ
gp-120	138	5	indicated	indicate	VERB
gp-120	138	6	by	by	ADP
gp-120	138	7	their	their	PRON
gp-120	138	8	log	log	NOUN
gp-120	138	9	assets	asset	NOUN
gp-120	138	10	,	,	PUNCT
gp-120	138	11	tend	tend	VERB
gp-120	138	12	to	to	PART
gp-120	138	13	perform	perform	VERB
gp-120	138	14	better	well	ADV
gp-120	138	15	financially	financially	ADV
gp-120	138	16	,	,	PUNCT
gp-120	138	17	with	with	ADP
gp-120	138	18	coefficients	coefficient	NOUN
gp-120	138	19	of	of	ADP
gp-120	138	20	0.089	0.089	NUM
gp-120	138	21	for	for	ADP
gp-120	138	22	roa	roa	NOUN
gp-120	138	23	and	and	CCONJ
gp-120	138	24	0.132	0.132	NUM
gp-120	138	25	for	for	ADP
gp-120	138	26	roe	roe	NOUN
gp-120	138	27	in	in	ADP
gp-120	138	28	this	this	DET
gp-120	138	29	study	study	NOUN
gp-120	138	30	.	.	PUNCT
gp-120	139	1	this	this	PRON
gp-120	139	2	aligns	align	VERB
gp-120	139	3	with	with	ADP
gp-120	139	4	the	the	DET
gp-120	139	5	findings	finding	NOUN
gp-120	139	6	of	of	ADP
gp-120	139	7	dang	dang	PROPN
gp-120	139	8	,	,	PUNCT
gp-120	139	9	li	li	PROPN
gp-120	139	10	,	,	PUNCT
gp-120	139	11	and	and	CCONJ
gp-120	139	12	yang	yang	PROPN
gp-120	139	13	(	(	PUNCT
gp-120	139	14	2018	2018	NUM
gp-120	139	15	)	)	PUNCT
gp-120	139	16	,	,	PUNCT
gp-120	139	17	who	who	PRON
gp-120	139	18	noted	note	VERB
gp-120	139	19	that	that	SCONJ
gp-120	139	20	larger	large	ADJ
gp-120	139	21	firms	firm	NOUN
gp-120	139	22	benefit	benefit	VERB
gp-120	139	23	from	from	ADP
gp-120	139	24	economies	economy	NOUN
gp-120	139	25	of	of	ADP
gp-120	139	26	scale	scale	NOUN
gp-120	139	27	,	,	PUNCT
gp-120	139	28	operational	operational	ADJ
gp-120	139	29	efficiencies	efficiency	NOUN
gp-120	139	30	,	,	PUNCT
gp-120	139	31	and	and	CCONJ
gp-120	139	32	greater	great	ADJ
gp-120	139	33	access	access	NOUN
gp-120	139	34	to	to	ADP
gp-120	139	35	resources	resource	NOUN
gp-120	139	36	,	,	PUNCT
gp-120	139	37	which	which	PRON
gp-120	139	38	can	can	AUX
gp-120	139	39	enhance	enhance	VERB
gp-120	139	40	their	their	PRON
gp-120	139	41	financial	financial	ADJ
gp-120	139	42	performance	performance	NOUN
gp-120	139	43	.	.	PUNCT
gp-120	140	1	additionally	additionally	ADV
gp-120	140	2	,	,	PUNCT
gp-120	140	3	larger	large	ADJ
gp-120	140	4	firms	firm	NOUN
gp-120	140	5	are	be	AUX
gp-120	140	6	typically	typically	ADV
gp-120	140	7	better	well	ADV
gp-120	140	8	positioned	position	VERB
gp-120	140	9	to	to	PART
gp-120	140	10	implement	implement	VERB
gp-120	140	11	comprehensive	comprehensive	ADJ
gp-120	140	12	esg	esg	NOUN
gp-120	140	13	strategies	strategy	NOUN
gp-120	140	14	due	due	ADP
gp-120	140	15	to	to	ADP
gp-120	140	16	their	their	PRON
gp-120	140	17	resource	resource	NOUN
gp-120	140	18	availability	availability	NOUN
gp-120	140	19	,	,	PUNCT
gp-120	140	20	which	which	PRON
gp-120	140	21	may	may	AUX
gp-120	140	22	further	far	ADV
gp-120	140	23	amplify	amplify	VERB
gp-120	140	24	their	their	PRON
gp-120	140	25	financial	financial	ADJ
gp-120	140	26	success	success	NOUN
gp-120	140	27	.	.	PUNCT
gp-120	141	1	the	the	DET
gp-120	141	2	results	result	NOUN
gp-120	141	3	of	of	ADP
gp-120	141	4	this	this	DET
gp-120	141	5	study	study	NOUN
gp-120	141	6	reinforce	reinforce	VERB
gp-120	141	7	the	the	DET
gp-120	141	8	idea	idea	NOUN
gp-120	141	9	that	that	SCONJ
gp-120	141	10	firm	firm	ADJ
gp-120	141	11	size	size	NOUN
gp-120	141	12	plays	play	VERB
gp-120	141	13	a	a	DET
gp-120	141	14	critical	critical	ADJ
gp-120	141	15	role	role	NOUN
gp-120	141	16	in	in	ADP
gp-120	141	17	driving	drive	VERB
gp-120	141	18	financial	financial	ADJ
gp-120	141	19	performance	performance	NOUN
gp-120	141	20	and	and	CCONJ
gp-120	141	21	highlight	highlight	VERB
gp-120	141	22	the	the	DET
gp-120	141	23	unique	unique	ADJ
gp-120	141	24	advantages	advantage	NOUN
gp-120	141	25	larger	large	ADJ
gp-120	141	26	firms	firm	NOUN
gp-120	141	27	hold	hold	VERB
gp-120	141	28	in	in	ADP
gp-120	141	29	terms	term	NOUN
gp-120	141	30	of	of	ADP
gp-120	141	31	resource	resource	NOUN
gp-120	141	32	allocation	allocation	NOUN
gp-120	141	33	and	and	CCONJ
gp-120	141	34	risk	risk	NOUN
gp-120	141	35	management	management	NOUN
gp-120	141	36	.	.	PUNCT
gp-120	142	1	the	the	DET
gp-120	142	2	negative	negative	ADJ
gp-120	142	3	relationship	relationship	NOUN
gp-120	142	4	between	between	ADP
gp-120	142	5	leverage	leverage	NOUN
gp-120	142	6	and	and	CCONJ
gp-120	142	7	financial	financial	ADJ
gp-120	142	8	performance	performance	NOUN
gp-120	142	9	,	,	PUNCT
gp-120	142	10	with	with	ADP
gp-120	142	11	coefficients	coefficient	NOUN
gp-120	142	12	of	of	ADP
gp-120	142	13	-0.156	-0.156	PROPN
gp-120	142	14	for	for	ADP
gp-120	142	15	roa	roa	NOUN
gp-120	142	16	and	and	CCONJ
gp-120	142	17	-0.208	-0.208	NOUN
gp-120	142	18	for	for	ADP
gp-120	142	19	roe	roe	NOUN
gp-120	142	20	,	,	PUNCT
gp-120	142	21	is	be	AUX
gp-120	142	22	consistent	consistent	ADJ
gp-120	142	23	with	with	ADP
gp-120	142	24	the	the	DET
gp-120	142	25	well	well	ADV
gp-120	142	26	-	-	PUNCT
gp-120	142	27	established	establish	VERB
gp-120	142	28	theory	theory	NOUN
gp-120	142	29	that	that	SCONJ
gp-120	142	30	higher	high	ADJ
gp-120	142	31	debt	debt	NOUN
gp-120	142	32	levels	level	NOUN
gp-120	142	33	increase	increase	VERB
gp-120	142	34	financial	financial	ADJ
gp-120	142	35	risk	risk	NOUN
gp-120	142	36	and	and	CCONJ
gp-120	142	37	reduce	reduce	VERB
gp-120	142	38	profitability	profitability	NOUN
gp-120	142	39	.	.	PUNCT
gp-120	143	1	this	this	DET
gp-120	143	2	finding	finding	NOUN
gp-120	143	3	is	be	AUX
gp-120	143	4	supported	support	VERB
gp-120	143	5	by	by	ADP
gp-120	143	6	the	the	DET
gp-120	143	7	work	work	NOUN
gp-120	143	8	of	of	ADP
gp-120	143	9	jung	jung	PROPN
gp-120	143	10	,	,	PUNCT
gp-120	143	11	herbohn	herbohn	PROPN
gp-120	143	12	,	,	PUNCT
gp-120	143	13	and	and	CCONJ
gp-120	143	14	clarkson	clarkson	PROPN
gp-120	143	15	(	(	PUNCT
gp-120	143	16	2021	2021	NUM
gp-120	143	17	)	)	PUNCT
gp-120	143	18	,	,	PUNCT
gp-120	143	19	who	who	PRON
gp-120	143	20	observed	observe	VERB
gp-120	143	21	that	that	SCONJ
gp-120	143	22	firms	firm	NOUN
gp-120	143	23	with	with	ADP
gp-120	143	24	higher	high	ADJ
gp-120	143	25	leverage	leverage	NOUN
gp-120	143	26	tend	tend	VERB
gp-120	143	27	to	to	PART
gp-120	143	28	underperform	underperform	VERB
gp-120	143	29	due	due	ADP
gp-120	143	30	to	to	ADP
gp-120	143	31	the	the	DET
gp-120	143	32	increased	increase	VERB
gp-120	143	33	cost	cost	NOUN
gp-120	143	34	of	of	ADP
gp-120	143	35	servicing	service	VERB
gp-120	143	36	debt	debt	NOUN
gp-120	143	37	and	and	CCONJ
gp-120	143	38	the	the	DET
gp-120	143	39	constraints	constraint	NOUN
gp-120	143	40	that	that	PRON
gp-120	143	41	excessive	excessive	ADJ
gp-120	143	42	debt	debt	NOUN
gp-120	143	43	places	place	NOUN
gp-120	143	44	on	on	ADP
gp-120	143	45	managerial	managerial	ADJ
gp-120	143	46	decision	decision	NOUN
gp-120	143	47	-	-	PUNCT
gp-120	143	48	making	making	NOUN
gp-120	143	49	.	.	PUNCT
gp-120	144	1	in	in	ADP
gp-120	144	2	the	the	DET
gp-120	144	3	context	context	NOUN
gp-120	144	4	of	of	ADP
gp-120	144	5	this	this	DET
gp-120	144	6	study	study	NOUN
gp-120	144	7	,	,	PUNCT
gp-120	144	8	higher	high	ADJ
gp-120	144	9	debt	debt	NOUN
gp-120	144	10	levels	level	NOUN
gp-120	144	11	appear	appear	VERB
gp-120	144	12	to	to	PART
gp-120	144	13	diminish	diminish	VERB
gp-120	144	14	firms	firm	NOUN
gp-120	144	15	’	'	PUNCT
gp-120	144	16	ability	ability	NOUN
gp-120	144	17	to	to	PART
gp-120	144	18	invest	invest	VERB
gp-120	144	19	in	in	ADP
gp-120	144	20	growth	growth	NOUN
gp-120	144	21	opportunities	opportunity	NOUN
gp-120	144	22	,	,	PUNCT
gp-120	144	23	including	include	VERB
gp-120	144	24	esg	esg	PROPN
gp-120	144	25	initiatives	initiative	NOUN
gp-120	144	26	,	,	PUNCT
gp-120	144	27	which	which	PRON
gp-120	144	28	could	could	AUX
gp-120	144	29	otherwise	otherwise	ADV
gp-120	144	30	enhance	enhance	VERB
gp-120	144	31	long	long	ADJ
gp-120	144	32	-	-	PUNCT
gp-120	144	33	term	term	NOUN
gp-120	144	34	financial	financial	ADJ
gp-120	144	35	performance	performance	NOUN
gp-120	144	36	.	.	PUNCT
gp-120	145	1	this	this	PRON
gp-120	145	2	highlights	highlight	VERB
gp-120	145	3	the	the	DET
gp-120	145	4	importance	importance	NOUN
gp-120	145	5	of	of	ADP
gp-120	145	6	maintaining	maintain	VERB
gp-120	145	7	a	a	DET
gp-120	145	8	balanced	balanced	ADJ
gp-120	145	9	capital	capital	NOUN
gp-120	145	10	structure	structure	NOUN
gp-120	145	11	,	,	PUNCT
gp-120	145	12	particularly	particularly	ADV
gp-120	145	13	for	for	ADP
gp-120	145	14	firms	firm	NOUN
gp-120	145	15	aiming	aim	VERB
gp-120	145	16	to	to	PART
gp-120	145	17	improve	improve	VERB
gp-120	145	18	their	their	PRON
gp-120	145	19	esg	esg	NOUN
gp-120	145	20	disclosure	disclosure	NOUN
gp-120	145	21	and	and	CCONJ
gp-120	145	22	performance	performance	NOUN
gp-120	145	23	.	.	PUNCT
gp-120	146	1	aman	aman	PROPN
gp-120	146	2	khan	khan	PROPN
gp-120	146	3	burki	burki	PROPN
gp-120	146	4	,	,	PUNCT
gp-120	146	5	mohamed	mohamed	PROPN
gp-120	146	6	normen	normen	PROPN
gp-120	146	7	ahamed	ahamed	PROPN
gp-120	146	8	mafaz	mafaz	PROPN
gp-120	146	9	,	,	PUNCT
gp-120	146	10	zaki	zaki	PROPN
gp-120	146	11	ahmad	ahmad	PROPN
gp-120	146	12	,	,	PUNCT
gp-120	146	13	auni	auni	PROPN
gp-120	146	14	zulfaka	zulfaka	PROPN
gp-120	146	15	,	,	PUNCT
gp-120	146	16	ikhlas	ikhlas	PROPN
gp-120	146	17	al	al	PROPN
gp-120	146	18	-	-	PUNCT
gp-120	146	19	amatullah	amatullah	PROPN
gp-120	146	20	365	365	NUM
gp-120	146	21	finally	finally	ADV
gp-120	146	22	,	,	PUNCT
gp-120	146	23	the	the	DET
gp-120	146	24	positive	positive	ADJ
gp-120	146	25	correlation	correlation	NOUN
gp-120	146	26	between	between	ADP
gp-120	146	27	country	country	NOUN
gp-120	146	28	-	-	PUNCT
gp-120	146	29	specific	specific	ADJ
gp-120	146	30	gdp	gdp	NOUN
gp-120	146	31	growth	growth	NOUN
gp-120	146	32	and	and	CCONJ
gp-120	146	33	financial	financial	ADJ
gp-120	146	34	performance	performance	NOUN
gp-120	146	35	is	be	AUX
gp-120	146	36	indicative	indicative	ADJ
gp-120	146	37	of	of	ADP
gp-120	146	38	the	the	DET
gp-120	146	39	broader	broad	ADJ
gp-120	146	40	economic	economic	ADJ
gp-120	146	41	environment	environment	NOUN
gp-120	146	42	’s	’s	PART
gp-120	146	43	impact	impact	NOUN
gp-120	146	44	on	on	ADP
gp-120	146	45	firm	firm	ADJ
gp-120	146	46	profitability	profitability	NOUN
gp-120	146	47	.	.	PUNCT
gp-120	147	1	the	the	DET
gp-120	147	2	coefficients	coefficient	NOUN
gp-120	147	3	for	for	ADP
gp-120	147	4	gdp	gdp	NOUN
gp-120	147	5	growth	growth	NOUN
gp-120	147	6	,	,	PUNCT
gp-120	147	7	0.071	0.071	NUM
gp-120	147	8	for	for	ADP
gp-120	147	9	roa	roa	PROPN
gp-120	147	10	,	,	PUNCT
gp-120	147	11	and	and	CCONJ
gp-120	147	12	0.054	0.054	NUM
gp-120	147	13	for	for	ADP
gp-120	147	14	roe	roe	PROPN
gp-120	147	15	suggest	suggest	VERB
gp-120	147	16	that	that	SCONJ
gp-120	147	17	firms	firm	NOUN
gp-120	147	18	operating	operate	VERB
gp-120	147	19	in	in	ADP
gp-120	147	20	countries	country	NOUN
gp-120	147	21	with	with	ADP
gp-120	147	22	higher	high	ADJ
gp-120	147	23	economic	economic	ADJ
gp-120	147	24	growth	growth	NOUN
gp-120	147	25	are	be	AUX
gp-120	147	26	more	more	ADV
gp-120	147	27	likely	likely	ADJ
gp-120	147	28	to	to	PART
gp-120	147	29	perform	perform	VERB
gp-120	147	30	better	well	ADV
gp-120	147	31	financially	financially	ADV
gp-120	147	32	.	.	PUNCT
gp-120	148	1	this	this	PRON
gp-120	148	2	is	be	AUX
gp-120	148	3	consistent	consistent	ADJ
gp-120	148	4	with	with	ADP
gp-120	148	5	prior	prior	ADJ
gp-120	148	6	research	research	NOUN
gp-120	148	7	,	,	PUNCT
gp-120	148	8	such	such	ADJ
gp-120	148	9	as	as	ADP
gp-120	148	10	that	that	PRON
gp-120	148	11	by	by	ADP
gp-120	148	12	gerged	gerge	VERB
gp-120	148	13	,	,	PUNCT
gp-120	148	14	cowton	cowton	PROPN
gp-120	148	15	,	,	PUNCT
gp-120	148	16	and	and	CCONJ
gp-120	148	17	beddewela	beddewela	PROPN
gp-120	148	18	(	(	PUNCT
gp-120	148	19	2018	2018	NUM
gp-120	148	20	)	)	PUNCT
gp-120	148	21	,	,	PUNCT
gp-120	148	22	which	which	PRON
gp-120	148	23	highlighted	highlight	VERB
gp-120	148	24	the	the	DET
gp-120	148	25	role	role	NOUN
gp-120	148	26	of	of	ADP
gp-120	148	27	favorable	favorable	ADJ
gp-120	148	28	macroeconomic	macroeconomic	ADJ
gp-120	148	29	conditions	condition	NOUN
gp-120	148	30	in	in	ADP
gp-120	148	31	enhancing	enhance	VERB
gp-120	148	32	corporate	corporate	ADJ
gp-120	148	33	profitability	profitability	NOUN
gp-120	148	34	.	.	PUNCT
gp-120	149	1	in	in	ADP
gp-120	149	2	asean	asean	ADJ
gp-120	149	3	countries	country	NOUN
gp-120	149	4	,	,	PUNCT
gp-120	149	5	where	where	SCONJ
gp-120	149	6	economic	economic	ADJ
gp-120	149	7	growth	growth	NOUN
gp-120	149	8	has	have	AUX
gp-120	149	9	been	be	AUX
gp-120	149	10	robust	robust	ADJ
gp-120	149	11	over	over	ADP
gp-120	149	12	the	the	DET
gp-120	149	13	study	study	NOUN
gp-120	149	14	period	period	NOUN
gp-120	149	15	,	,	PUNCT
gp-120	149	16	this	this	DET
gp-120	149	17	factor	factor	NOUN
gp-120	149	18	plays	play	VERB
gp-120	149	19	a	a	DET
gp-120	149	20	pivotal	pivotal	ADJ
gp-120	149	21	role	role	NOUN
gp-120	149	22	in	in	ADP
gp-120	149	23	shaping	shape	VERB
gp-120	149	24	the	the	DET
gp-120	149	25	financial	financial	ADJ
gp-120	149	26	performance	performance	NOUN
gp-120	149	27	of	of	ADP
gp-120	149	28	listed	list	VERB
gp-120	149	29	firms	firm	NOUN
gp-120	149	30	.	.	PUNCT
gp-120	150	1	stronger	strong	ADJ
gp-120	150	2	economic	economic	ADJ
gp-120	150	3	growth	growth	NOUN
gp-120	150	4	typically	typically	ADV
gp-120	150	5	translates	translate	VERB
gp-120	150	6	into	into	ADP
gp-120	150	7	higher	high	ADJ
gp-120	150	8	consumer	consumer	NOUN
gp-120	150	9	demand	demand	NOUN
gp-120	150	10	,	,	PUNCT
gp-120	150	11	increased	increase	VERB
gp-120	150	12	investment	investment	NOUN
gp-120	150	13	,	,	PUNCT
gp-120	150	14	and	and	CCONJ
gp-120	150	15	greater	great	ADJ
gp-120	150	16	access	access	NOUN
gp-120	150	17	to	to	ADP
gp-120	150	18	capital	capital	NOUN
gp-120	150	19	,	,	PUNCT
gp-120	150	20	all	all	PRON
gp-120	150	21	of	of	ADP
gp-120	150	22	which	which	PRON
gp-120	150	23	contribute	contribute	VERB
gp-120	150	24	to	to	ADP
gp-120	150	25	improved	improve	VERB
gp-120	150	26	financial	financial	ADJ
gp-120	150	27	outcomes	outcome	NOUN
gp-120	150	28	.	.	PUNCT
gp-120	151	1	policy	policy	NOUN
gp-120	151	2	implications	implication	NOUN
gp-120	151	3	the	the	DET
gp-120	151	4	results	result	NOUN
gp-120	151	5	suggest	suggest	VERB
gp-120	151	6	several	several	ADJ
gp-120	151	7	key	key	ADJ
gp-120	151	8	policy	policy	NOUN
gp-120	151	9	implications	implication	NOUN
gp-120	151	10	for	for	ADP
gp-120	151	11	enhancing	enhance	VERB
gp-120	151	12	firm	firm	ADJ
gp-120	151	13	performance	performance	NOUN
gp-120	151	14	and	and	CCONJ
gp-120	151	15	promoting	promote	VERB
gp-120	151	16	sustainable	sustainable	ADJ
gp-120	151	17	growth	growth	NOUN
gp-120	151	18	.	.	PUNCT
gp-120	152	1	first	first	ADV
gp-120	152	2	,	,	PUNCT
gp-120	152	3	the	the	DET
gp-120	152	4	positive	positive	ADJ
gp-120	152	5	relationship	relationship	NOUN
gp-120	152	6	between	between	ADP
gp-120	152	7	historical	historical	ADJ
gp-120	152	8	financial	financial	ADJ
gp-120	152	9	performance	performance	NOUN
gp-120	152	10	(	(	PUNCT
gp-120	152	11	lagged	lag	VERB
gp-120	152	12	roa	roa	NOUN
gp-120	152	13	and	and	CCONJ
gp-120	152	14	roe	roe	PROPN
gp-120	152	15	)	)	PUNCT
gp-120	152	16	and	and	CCONJ
gp-120	152	17	current	current	ADJ
gp-120	152	18	performance	performance	NOUN
gp-120	152	19	highlights	highlight	NOUN
gp-120	152	20	the	the	DET
gp-120	152	21	need	need	NOUN
gp-120	152	22	for	for	ADP
gp-120	152	23	policies	policy	NOUN
gp-120	152	24	that	that	PRON
gp-120	152	25	support	support	VERB
gp-120	152	26	firms	firm	NOUN
gp-120	152	27	in	in	ADP
gp-120	152	28	maintaining	maintain	VERB
gp-120	152	29	consistent	consistent	ADJ
gp-120	152	30	financial	financial	ADJ
gp-120	152	31	strength	strength	NOUN
gp-120	152	32	over	over	ADP
gp-120	152	33	time	time	NOUN
gp-120	152	34	.	.	PUNCT
gp-120	153	1	policymakers	policymaker	NOUN
gp-120	153	2	could	could	AUX
gp-120	153	3	incentivize	incentivize	VERB
gp-120	153	4	firms	firm	NOUN
gp-120	153	5	with	with	ADP
gp-120	153	6	stable	stable	ADJ
gp-120	153	7	financial	financial	ADJ
gp-120	153	8	track	track	NOUN
gp-120	153	9	records	record	NOUN
gp-120	153	10	through	through	ADP
gp-120	153	11	tax	tax	NOUN
gp-120	153	12	breaks	break	NOUN
gp-120	153	13	or	or	CCONJ
gp-120	153	14	better	well	ADJ
gp-120	153	15	access	access	NOUN
gp-120	153	16	to	to	ADP
gp-120	153	17	financing	financing	NOUN
gp-120	153	18	,	,	PUNCT
gp-120	153	19	ensuring	ensure	VERB
gp-120	153	20	that	that	SCONJ
gp-120	153	21	strong	strong	ADJ
gp-120	153	22	performers	performer	NOUN
gp-120	153	23	continue	continue	VERB
gp-120	153	24	to	to	PART
gp-120	153	25	grow	grow	VERB
gp-120	153	26	.	.	PUNCT
gp-120	154	1	additionally	additionally	ADV
gp-120	154	2	,	,	PUNCT
gp-120	154	3	the	the	DET
gp-120	154	4	significant	significant	ADJ
gp-120	154	5	impact	impact	NOUN
gp-120	154	6	of	of	ADP
gp-120	154	7	esg	esg	NOUN
gp-120	154	8	disclosures	disclosure	NOUN
gp-120	154	9	on	on	ADP
gp-120	154	10	financial	financial	ADJ
gp-120	154	11	outcomes	outcome	NOUN
gp-120	154	12	calls	call	VERB
gp-120	154	13	for	for	ADP
gp-120	154	14	enhanced	enhanced	ADJ
gp-120	154	15	policies	policy	NOUN
gp-120	154	16	mandating	mandate	VERB
gp-120	154	17	esg	esg	NOUN
gp-120	154	18	reporting	reporting	NOUN
gp-120	154	19	.	.	PUNCT
gp-120	155	1	governments	government	NOUN
gp-120	155	2	should	should	AUX
gp-120	155	3	consider	consider	VERB
gp-120	155	4	introducing	introduce	VERB
gp-120	155	5	standardized	standardized	ADJ
gp-120	155	6	esg	esg	NOUN
gp-120	155	7	frameworks	framework	NOUN
gp-120	155	8	and	and	CCONJ
gp-120	155	9	providing	provide	VERB
gp-120	155	10	incentives	incentive	NOUN
gp-120	155	11	,	,	PUNCT
gp-120	155	12	such	such	ADJ
gp-120	155	13	as	as	ADP
gp-120	155	14	tax	tax	NOUN
gp-120	155	15	benefits	benefit	NOUN
gp-120	155	16	,	,	PUNCT
gp-120	155	17	to	to	PART
gp-120	155	18	encourage	encourage	VERB
gp-120	155	19	firms	firm	NOUN
gp-120	155	20	to	to	PART
gp-120	155	21	adopt	adopt	VERB
gp-120	155	22	and	and	CCONJ
gp-120	155	23	disclose	disclose	VERB
gp-120	155	24	sustainable	sustainable	ADJ
gp-120	155	25	practices	practice	NOUN
gp-120	155	26	,	,	PUNCT
gp-120	155	27	ultimately	ultimately	ADV
gp-120	155	28	leading	lead	VERB
gp-120	155	29	to	to	ADP
gp-120	155	30	improved	improve	VERB
gp-120	155	31	investor	investor	NOUN
gp-120	155	32	confidence	confidence	NOUN
gp-120	155	33	and	and	CCONJ
gp-120	155	34	risk	risk	NOUN
gp-120	155	35	management	management	NOUN
gp-120	155	36	.	.	PUNCT
gp-120	156	1	the	the	DET
gp-120	156	2	findings	finding	NOUN
gp-120	156	3	also	also	ADV
gp-120	156	4	point	point	VERB
gp-120	156	5	to	to	ADP
gp-120	156	6	the	the	DET
gp-120	156	7	need	need	NOUN
gp-120	156	8	for	for	ADP
gp-120	156	9	designed	design	VERB
gp-120	156	10	policies	policy	NOUN
gp-120	156	11	based	base	VERB
gp-120	156	12	on	on	ADP
gp-120	156	13	firm	firm	ADJ
gp-120	156	14	size	size	NOUN
gp-120	156	15	and	and	CCONJ
gp-120	156	16	capital	capital	NOUN
gp-120	156	17	structure	structure	NOUN
gp-120	156	18	.	.	PUNCT
gp-120	157	1	larger	large	ADJ
gp-120	157	2	firms	firm	NOUN
gp-120	157	3	tend	tend	VERB
gp-120	157	4	to	to	PART
gp-120	157	5	benefit	benefit	VERB
gp-120	157	6	from	from	ADP
gp-120	157	7	economies	economy	NOUN
gp-120	157	8	of	of	ADP
gp-120	157	9	scale	scale	NOUN
gp-120	157	10	and	and	CCONJ
gp-120	157	11	better	well	ADJ
gp-120	157	12	financial	financial	ADJ
gp-120	157	13	performance	performance	NOUN
gp-120	157	14	,	,	PUNCT
gp-120	157	15	while	while	SCONJ
gp-120	157	16	smaller	small	ADJ
gp-120	157	17	firms	firm	NOUN
gp-120	157	18	may	may	AUX
gp-120	157	19	require	require	VERB
gp-120	157	20	additional	additional	ADJ
gp-120	157	21	support	support	NOUN
gp-120	157	22	,	,	PUNCT
gp-120	157	23	such	such	ADJ
gp-120	157	24	as	as	ADP
gp-120	157	25	easier	easy	ADJ
gp-120	157	26	access	access	NOUN
gp-120	157	27	to	to	ADP
gp-120	157	28	financing	financing	NOUN
gp-120	157	29	or	or	CCONJ
gp-120	157	30	innovation	innovation	NOUN
gp-120	157	31	incentives	incentive	NOUN
gp-120	157	32	,	,	PUNCT
gp-120	157	33	to	to	PART
gp-120	157	34	remain	remain	VERB
gp-120	157	35	competitive	competitive	ADJ
gp-120	157	36	.	.	PUNCT
gp-120	158	1	furthermore	furthermore	ADV
gp-120	158	2	,	,	PUNCT
gp-120	158	3	the	the	DET
gp-120	158	4	negative	negative	ADJ
gp-120	158	5	impact	impact	NOUN
gp-120	158	6	of	of	ADP
gp-120	158	7	high	high	ADJ
gp-120	158	8	leverage	leverage	NOUN
gp-120	158	9	on	on	ADP
gp-120	158	10	profitability	profitability	NOUN
gp-120	158	11	suggests	suggest	VERB
gp-120	158	12	that	that	SCONJ
gp-120	158	13	policymakers	policymaker	NOUN
gp-120	158	14	should	should	AUX
gp-120	158	15	promote	promote	VERB
gp-120	158	16	prudent	prudent	ADJ
gp-120	158	17	debt	debt	NOUN
gp-120	158	18	management	management	NOUN
gp-120	158	19	by	by	ADP
gp-120	158	20	encouraging	encourage	VERB
gp-120	158	21	firms	firm	NOUN
gp-120	158	22	to	to	PART
gp-120	158	23	reduce	reduce	VERB
gp-120	158	24	excessive	excessive	ADJ
gp-120	158	25	debt	debt	NOUN
gp-120	158	26	levels	level	NOUN
gp-120	158	27	through	through	ADP
gp-120	158	28	regulatory	regulatory	ADJ
gp-120	158	29	measures	measure	NOUN
gp-120	158	30	or	or	CCONJ
gp-120	158	31	offering	offer	VERB
gp-120	158	32	incentives	incentive	NOUN
gp-120	158	33	for	for	ADP
gp-120	158	34	debt	debt	NOUN
gp-120	158	35	reduction	reduction	NOUN
gp-120	158	36	.	.	PUNCT
gp-120	159	1	lastly	lastly	ADV
gp-120	159	2	,	,	PUNCT
gp-120	159	3	given	give	VERB
gp-120	159	4	the	the	DET
gp-120	159	5	positive	positive	ADJ
gp-120	159	6	influence	influence	NOUN
gp-120	159	7	of	of	ADP
gp-120	159	8	economic	economic	ADJ
gp-120	159	9	growth	growth	NOUN
gp-120	159	10	on	on	ADP
gp-120	159	11	financial	financial	ADJ
gp-120	159	12	performance	performance	NOUN
gp-120	159	13	,	,	PUNCT
gp-120	159	14	governments	government	NOUN
gp-120	159	15	should	should	AUX
gp-120	159	16	focus	focus	VERB
gp-120	159	17	on	on	ADP
gp-120	159	18	policies	policy	NOUN
gp-120	159	19	that	that	PRON
gp-120	159	20	foster	foster	VERB
gp-120	159	21	stable	stable	ADJ
gp-120	159	22	macroeconomic	macroeconomic	ADJ
gp-120	159	23	conditions	condition	NOUN
gp-120	159	24	,	,	PUNCT
gp-120	159	25	especially	especially	ADV
gp-120	159	26	in	in	ADP
gp-120	159	27	asean	asean	ADJ
gp-120	159	28	countries	country	NOUN
gp-120	159	29	,	,	PUNCT
gp-120	159	30	by	by	ADP
gp-120	159	31	investing	invest	VERB
gp-120	159	32	in	in	ADP
gp-120	159	33	infrastructure	infrastructure	NOUN
gp-120	159	34	,	,	PUNCT
gp-120	159	35	innovation	innovation	NOUN
gp-120	159	36	,	,	PUNCT
gp-120	159	37	and	and	CCONJ
gp-120	159	38	favorable	favorable	ADJ
gp-120	159	39	trade	trade	NOUN
gp-120	159	40	policies	policy	NOUN
gp-120	159	41	to	to	PART
gp-120	159	42	stimulate	stimulate	VERB
gp-120	159	43	demand	demand	NOUN
gp-120	159	44	and	and	CCONJ
gp-120	159	45	profitability	profitability	NOUN
gp-120	159	46	for	for	ADP
gp-120	159	47	firms	firm	NOUN
gp-120	159	48	.	.	PUNCT
gp-120	160	1	conclusion	conclusion	NOUN
gp-120	160	2	this	this	DET
gp-120	160	3	study	study	NOUN
gp-120	160	4	adopted	adopt	VERB
gp-120	160	5	a	a	DET
gp-120	160	6	quantitative	quantitative	ADJ
gp-120	160	7	research	research	NOUN
gp-120	160	8	design	design	NOUN
gp-120	160	9	using	use	VERB
gp-120	160	10	panel	panel	NOUN
gp-120	160	11	data	datum	NOUN
gp-120	160	12	to	to	PART
gp-120	160	13	examine	examine	VERB
gp-120	160	14	the	the	DET
gp-120	160	15	impact	impact	NOUN
gp-120	160	16	of	of	ADP
gp-120	160	17	esg	esg	NOUN
gp-120	160	18	disclosures	disclosure	NOUN
gp-120	160	19	on	on	ADP
gp-120	160	20	the	the	DET
gp-120	160	21	financial	financial	ADJ
gp-120	160	22	performance	performance	NOUN
gp-120	160	23	of	of	ADP
gp-120	160	24	listed	list	VERB
gp-120	160	25	companies	company	NOUN
gp-120	160	26	in	in	ADP
gp-120	160	27	asean	asean	PROPN
gp-120	160	28	's	's	PART
gp-120	160	29	5	5	NUM
gp-120	160	30	countries	country	NOUN
gp-120	160	31	,	,	PUNCT
gp-120	160	32	namely	namely	ADV
gp-120	160	33	malaysia	malaysia	PROPN
gp-120	160	34	,	,	PUNCT
gp-120	160	35	indonesia	indonesia	PROPN
gp-120	160	36	,	,	PUNCT
gp-120	160	37	philippines	philippine	NOUN
gp-120	160	38	,	,	PUNCT
gp-120	160	39	singapore	singapore	PROPN
gp-120	160	40	,	,	PUNCT
gp-120	160	41	and	and	CCONJ
gp-120	160	42	thailand	thailand	PROPN
gp-120	160	43	.	.	PUNCT
gp-120	161	1	the	the	DET
gp-120	161	2	analysis	analysis	NOUN
gp-120	161	3	spans	span	VERB
gp-120	161	4	the	the	DET
gp-120	161	5	period	period	NOUN
gp-120	161	6	from	from	ADP
gp-120	161	7	2013	2013	NUM
gp-120	161	8	to	to	ADP
gp-120	161	9	2022	2022	NUM
gp-120	161	10	for	for	ADP
gp-120	161	11	67	67	NUM
gp-120	161	12	companies	company	NOUN
gp-120	161	13	and	and	CCONJ
gp-120	161	14	uses	use	VERB
gp-120	161	15	key	key	ADJ
gp-120	161	16	financial	financial	ADJ
gp-120	161	17	performance	performance	NOUN
gp-120	161	18	indicators	indicator	NOUN
gp-120	161	19	,	,	PUNCT
gp-120	161	20	including	include	VERB
gp-120	161	21	return	return	NOUN
gp-120	161	22	on	on	ADP
gp-120	161	23	assets	asset	NOUN
gp-120	161	24	(	(	PUNCT
gp-120	161	25	roa	roa	NOUN
gp-120	161	26	)	)	PUNCT
gp-120	161	27	,	,	PUNCT
gp-120	161	28	return	return	VERB
gp-120	161	29	on	on	ADP
gp-120	161	30	equity	equity	NOUN
gp-120	161	31	(	(	PUNCT
gp-120	161	32	roe	roe	PROPN
gp-120	161	33	)	)	PUNCT
gp-120	161	34	,	,	PUNCT
gp-120	161	35	and	and	CCONJ
gp-120	161	36	market	market	NOUN
gp-120	161	37	value	value	NOUN
gp-120	161	38	.	.	PUNCT
gp-120	162	1	the	the	DET
gp-120	162	2	findings	finding	NOUN
gp-120	162	3	reveal	reveal	VERB
gp-120	162	4	that	that	SCONJ
gp-120	162	5	firms	firm	NOUN
gp-120	162	6	with	with	ADP
gp-120	162	7	strong	strong	ADJ
gp-120	162	8	historical	historical	ADJ
gp-120	162	9	financial	financial	ADJ
gp-120	162	10	performance	performance	NOUN
gp-120	162	11	are	be	AUX
gp-120	162	12	likely	likely	ADJ
gp-120	162	13	to	to	PART
gp-120	162	14	maintain	maintain	VERB
gp-120	162	15	or	or	CCONJ
gp-120	162	16	enhance	enhance	VERB
gp-120	162	17	their	their	PRON
gp-120	162	18	profitability	profitability	NOUN
gp-120	162	19	over	over	ADP
gp-120	162	20	time	time	NOUN
gp-120	162	21	,	,	PUNCT
gp-120	162	22	emphasizing	emphasize	VERB
gp-120	162	23	the	the	DET
gp-120	162	24	importance	importance	NOUN
gp-120	162	25	of	of	ADP
gp-120	162	26	past	past	ADJ
gp-120	162	27	success	success	NOUN
gp-120	162	28	in	in	ADP
gp-120	162	29	predicting	predict	VERB
gp-120	162	30	future	future	ADJ
gp-120	162	31	performance	performance	NOUN
gp-120	162	32	.	.	PUNCT
gp-120	163	1	additionally	additionally	ADV
gp-120	163	2	,	,	PUNCT
gp-120	163	3	american	american	ADJ
gp-120	163	4	journal	journal	PROPN
gp-120	163	5	of	of	ADP
gp-120	163	6	economic	economic	ADJ
gp-120	163	7	and	and	CCONJ
gp-120	163	8	management	management	NOUN
gp-120	163	9	business	business	NOUN
gp-120	163	10	vol	vol	NOUN
gp-120	163	11	.	.	PROPN
gp-120	164	1	3	3	NUM
gp-120	164	2	no	no	NOUN
gp-120	164	3	.	.	PUNCT
gp-120	165	1	10	10	NUM
gp-120	165	2	oktober	oktober	NOUN
gp-120	165	3	2024	2024	NUM
gp-120	165	4	366	366	NUM
gp-120	165	5	the	the	DET
gp-120	165	6	significant	significant	ADJ
gp-120	165	7	positive	positive	ADJ
gp-120	165	8	impact	impact	NOUN
gp-120	165	9	of	of	ADP
gp-120	165	10	esg	esg	NOUN
gp-120	165	11	disclosures	disclosure	NOUN
gp-120	165	12	on	on	ADP
gp-120	165	13	both	both	DET
gp-120	165	14	roa	roa	NOUN
gp-120	165	15	and	and	CCONJ
gp-120	165	16	roe	roe	PROPN
gp-120	165	17	highlights	highlight	NOUN
gp-120	165	18	the	the	DET
gp-120	165	19	growing	grow	VERB
gp-120	165	20	importance	importance	NOUN
gp-120	165	21	of	of	ADP
gp-120	165	22	transparency	transparency	NOUN
gp-120	165	23	in	in	ADP
gp-120	165	24	environmental	environmental	ADJ
gp-120	165	25	,	,	PUNCT
gp-120	165	26	social	social	ADJ
gp-120	165	27	,	,	PUNCT
gp-120	165	28	and	and	CCONJ
gp-120	165	29	governance	governance	NOUN
gp-120	165	30	practices	practice	NOUN
gp-120	165	31	.	.	PUNCT
gp-120	166	1	esg	esg	NOUN
gp-120	166	2	transparency	transparency	NOUN
gp-120	166	3	appears	appear	VERB
gp-120	166	4	to	to	PART
gp-120	166	5	enhance	enhance	VERB
gp-120	166	6	financial	financial	ADJ
gp-120	166	7	outcomes	outcome	NOUN
gp-120	166	8	by	by	ADP
gp-120	166	9	improving	improve	VERB
gp-120	166	10	investor	investor	NOUN
gp-120	166	11	confidence	confidence	NOUN
gp-120	166	12	,	,	PUNCT
gp-120	166	13	risk	risk	NOUN
gp-120	166	14	management	management	NOUN
gp-120	166	15	,	,	PUNCT
gp-120	166	16	and	and	CCONJ
gp-120	166	17	reputational	reputational	ADJ
gp-120	166	18	strength	strength	NOUN
gp-120	166	19	,	,	PUNCT
gp-120	166	20	positioning	positioning	NOUN
gp-120	166	21	firms	firm	NOUN
gp-120	166	22	for	for	ADP
gp-120	166	23	better	well	ADJ
gp-120	166	24	market	market	NOUN
gp-120	166	25	performance	performance	NOUN
gp-120	166	26	.	.	PUNCT
gp-120	167	1	larger	large	ADJ
gp-120	167	2	firms	firm	NOUN
gp-120	167	3	are	be	AUX
gp-120	167	4	found	find	VERB
gp-120	167	5	to	to	PART
gp-120	167	6	perform	perform	VERB
gp-120	167	7	better	well	ADV
gp-120	167	8	financially	financially	ADV
gp-120	167	9	due	due	ADJ
gp-120	167	10	to	to	ADP
gp-120	167	11	economies	economy	NOUN
gp-120	167	12	of	of	ADP
gp-120	167	13	scale	scale	NOUN
gp-120	167	14	and	and	CCONJ
gp-120	167	15	resource	resource	NOUN
gp-120	167	16	advantages	advantage	NOUN
gp-120	167	17	,	,	PUNCT
gp-120	167	18	while	while	SCONJ
gp-120	167	19	excessive	excessive	ADJ
gp-120	167	20	leverage	leverage	NOUN
gp-120	167	21	negatively	negatively	ADV
gp-120	167	22	impacts	impact	VERB
gp-120	167	23	profitability	profitability	NOUN
gp-120	167	24	,	,	PUNCT
gp-120	167	25	aligning	align	VERB
gp-120	167	26	with	with	ADP
gp-120	167	27	established	establish	VERB
gp-120	167	28	theories	theory	NOUN
gp-120	167	29	about	about	ADP
gp-120	167	30	the	the	DET
gp-120	167	31	risks	risk	NOUN
gp-120	167	32	of	of	ADP
gp-120	167	33	high	high	ADJ
gp-120	167	34	debt	debt	NOUN
gp-120	167	35	levels	level	NOUN
gp-120	167	36	.	.	PUNCT
gp-120	168	1	furthermore	furthermore	ADV
gp-120	168	2	,	,	PUNCT
gp-120	168	3	the	the	DET
gp-120	168	4	study	study	NOUN
gp-120	168	5	's	's	PART
gp-120	168	6	findings	finding	NOUN
gp-120	168	7	highlight	highlight	VERB
gp-120	168	8	the	the	DET
gp-120	168	9	crucial	crucial	ADJ
gp-120	168	10	role	role	NOUN
gp-120	168	11	of	of	ADP
gp-120	168	12	favorable	favorable	ADJ
gp-120	168	13	macroeconomic	macroeconomic	ADJ
gp-120	168	14	conditions	condition	NOUN
gp-120	168	15	,	,	PUNCT
gp-120	168	16	such	such	ADJ
gp-120	168	17	as	as	ADP
gp-120	168	18	gdp	gdp	NOUN
gp-120	168	19	growth	growth	NOUN
gp-120	168	20	,	,	PUNCT
gp-120	168	21	in	in	ADP
gp-120	168	22	shaping	shape	VERB
gp-120	168	23	firm	firm	ADJ
gp-120	168	24	profitability	profitability	NOUN
gp-120	168	25	,	,	PUNCT
gp-120	168	26	particularly	particularly	ADV
gp-120	168	27	in	in	ADP
gp-120	168	28	the	the	DET
gp-120	168	29	asean	asean	ADJ
gp-120	168	30	region	region	NOUN
gp-120	168	31	.	.	PUNCT
gp-120	169	1	this	this	PRON
gp-120	169	2	emphasizes	emphasize	VERB
gp-120	169	3	the	the	DET
gp-120	169	4	importance	importance	NOUN
gp-120	169	5	of	of	ADP
gp-120	169	6	stable	stable	ADJ
gp-120	169	7	economic	economic	ADJ
gp-120	169	8	environments	environment	NOUN
gp-120	169	9	for	for	ADP
gp-120	169	10	corporate	corporate	ADJ
gp-120	169	11	success	success	NOUN
gp-120	169	12	.	.	PUNCT
gp-120	170	1	policymakers	policymaker	NOUN
gp-120	170	2	should	should	AUX
gp-120	170	3	consider	consider	VERB
gp-120	170	4	introducing	introduce	VERB
gp-120	170	5	mandatory	mandatory	ADJ
gp-120	170	6	esg	esg	NOUN
gp-120	170	7	disclosure	disclosure	NOUN
gp-120	170	8	frameworks	framework	NOUN
gp-120	170	9	across	across	ADP
gp-120	170	10	asean	asean	ADJ
gp-120	170	11	countries	country	NOUN
gp-120	170	12	.	.	PUNCT
gp-120	171	1	this	this	PRON
gp-120	171	2	would	would	AUX
gp-120	171	3	encourage	encourage	VERB
gp-120	171	4	transparency	transparency	NOUN
gp-120	171	5	and	and	CCONJ
gp-120	171	6	incentivize	incentivize	VERB
gp-120	171	7	firms	firm	NOUN
gp-120	171	8	to	to	PART
gp-120	171	9	adopt	adopt	VERB
gp-120	171	10	sustainable	sustainable	ADJ
gp-120	171	11	practices	practice	NOUN
gp-120	171	12	,	,	PUNCT
gp-120	171	13	ensuring	ensure	VERB
gp-120	171	14	long	long	ADJ
gp-120	171	15	-	-	PUNCT
gp-120	171	16	term	term	NOUN
gp-120	171	17	financial	financial	ADJ
gp-120	171	18	and	and	CCONJ
gp-120	171	19	environmental	environmental	ADJ
gp-120	171	20	sustainability	sustainability	NOUN
gp-120	171	21	.	.	PUNCT
gp-120	172	1	these	these	DET
gp-120	172	2	frameworks	framework	NOUN
gp-120	172	3	could	could	AUX
gp-120	172	4	be	be	AUX
gp-120	172	5	supported	support	VERB
gp-120	172	6	by	by	ADP
gp-120	172	7	providing	provide	VERB
gp-120	172	8	tax	tax	NOUN
gp-120	172	9	incentives	incentive	NOUN
gp-120	172	10	,	,	PUNCT
gp-120	172	11	easier	easy	ADJ
gp-120	172	12	access	access	NOUN
gp-120	172	13	to	to	ADP
gp-120	172	14	capital	capital	NOUN
gp-120	172	15	,	,	PUNCT
gp-120	172	16	or	or	CCONJ
gp-120	172	17	regulatory	regulatory	ADJ
gp-120	172	18	benefits	benefit	NOUN
gp-120	172	19	to	to	ADP
gp-120	172	20	firms	firm	NOUN
gp-120	172	21	that	that	PRON
gp-120	172	22	comply	comply	VERB
gp-120	172	23	with	with	ADP
gp-120	172	24	esg	esg	PROPN
gp-120	172	25	standards	standard	NOUN
gp-120	172	26	.	.	PUNCT
gp-120	173	1	to	to	PART
gp-120	173	2	level	level	VERB
gp-120	173	3	the	the	DET
gp-120	173	4	playing	play	VERB
gp-120	173	5	field	field	NOUN
gp-120	173	6	between	between	ADP
gp-120	173	7	smaller	small	ADJ
gp-120	173	8	and	and	CCONJ
gp-120	173	9	larger	large	ADJ
gp-120	173	10	firms	firm	NOUN
gp-120	173	11	,	,	PUNCT
gp-120	173	12	governments	government	NOUN
gp-120	173	13	and	and	CCONJ
gp-120	173	14	financial	financial	ADJ
gp-120	173	15	institutions	institution	NOUN
gp-120	173	16	should	should	AUX
gp-120	173	17	offer	offer	VERB
gp-120	173	18	targeted	target	VERB
gp-120	173	19	financial	financial	ADJ
gp-120	173	20	aid	aid	NOUN
gp-120	173	21	,	,	PUNCT
gp-120	173	22	capacity	capacity	NOUN
gp-120	173	23	-	-	PUNCT
gp-120	173	24	building	building	NOUN
gp-120	173	25	programs	program	NOUN
gp-120	173	26	,	,	PUNCT
gp-120	173	27	and	and	CCONJ
gp-120	173	28	regulatory	regulatory	ADJ
gp-120	173	29	incentives	incentive	NOUN
gp-120	173	30	.	.	PUNCT
gp-120	174	1	these	these	DET
gp-120	174	2	measures	measure	NOUN
gp-120	174	3	would	would	AUX
gp-120	174	4	enhance	enhance	VERB
gp-120	174	5	the	the	DET
gp-120	174	6	competitiveness	competitiveness	NOUN
gp-120	174	7	of	of	ADP
gp-120	174	8	smaller	small	ADJ
gp-120	174	9	firms	firm	NOUN
gp-120	174	10	and	and	CCONJ
gp-120	174	11	enable	enable	VERB
gp-120	174	12	them	they	PRON
gp-120	174	13	to	to	PART
gp-120	174	14	adopt	adopt	VERB
gp-120	174	15	sustainable	sustainable	ADJ
gp-120	174	16	business	business	NOUN
gp-120	174	17	practices	practice	NOUN
gp-120	174	18	more	more	ADV
gp-120	174	19	effectively	effectively	ADV
gp-120	174	20	.	.	PUNCT
gp-120	175	1	bibliography	bibliography	NOUN
gp-120	175	2	ahmad	ahmad	PROPN
gp-120	175	3	,	,	PUNCT
gp-120	175	4	z.	z.	PROPN
gp-120	175	5	,	,	PUNCT
gp-120	175	6	ahmed	ahmed	PROPN
gp-120	175	7	,	,	PUNCT
gp-120	175	8	m.	m.	NOUN
gp-120	175	9	,	,	PUNCT
gp-120	175	10	&	&	CCONJ
gp-120	175	11	mokal	mokal	NOUN
gp-120	175	12	,	,	PUNCT
gp-120	175	13	m.	m.	NOUN
gp-120	175	14	n.	n.	NOUN
gp-120	175	15	(	(	PUNCT
gp-120	175	16	2023	2023	NUM
gp-120	175	17	)	)	PUNCT
gp-120	175	18	.	.	PUNCT
gp-120	176	1	waqf	waqf	PROPN
gp-120	176	2	management	management	NOUN
gp-120	176	3	through	through	ADP
gp-120	176	4	fintech	fintech	NOUN
gp-120	176	5	in	in	ADP
gp-120	176	6	malaysia	malaysia	PROPN
gp-120	176	7	.	.	PUNCT
gp-120	177	1	journal	journal	PROPN
gp-120	177	2	of	of	ADP
gp-120	177	3	islamic	islamic	PROPN
gp-120	177	4	finance	finance	PROPN
gp-120	177	5	,	,	PUNCT
gp-120	177	6	12(2	12(2	NUM
gp-120	177	7	)	)	PUNCT
gp-120	177	8	,	,	PUNCT
gp-120	177	9	114–125	114–125	NUM
gp-120	177	10	.	.	PUNCT
gp-120	178	1	ahmad	ahmad	PROPN
gp-120	178	2	,	,	PUNCT
gp-120	178	3	z.	z.	PROPN
gp-120	178	4	,	,	PUNCT
gp-120	178	5	al	al	PROPN
gp-120	178	6	-	-	PUNCT
gp-120	178	7	amatullah	amatullah	PROPN
gp-120	178	8	,	,	PUNCT
gp-120	178	9	i.	i.	NOUN
gp-120	178	10	,	,	PUNCT
gp-120	178	11	&	&	CCONJ
gp-120	178	12	nafeel	nafeel	PROPN
gp-120	178	13	,	,	PUNCT
gp-120	178	14	m.	m.	NOUN
gp-120	178	15	(	(	PUNCT
gp-120	178	16	2024	2024	NUM
gp-120	178	17	)	)	PUNCT
gp-120	178	18	.	.	PUNCT
gp-120	179	1	utilising	utilise	VERB
gp-120	179	2	ai	ai	NOUN
gp-120	179	3	-	-	PUNCT
gp-120	179	4	based	base	VERB
gp-120	179	5	chatbot	chatbot	NOUN
gp-120	179	6	for	for	ADP
gp-120	179	7	maximising	maximise	VERB
gp-120	179	8	value	value	NOUN
gp-120	179	9	and	and	CCONJ
gp-120	179	10	profitability	profitability	NOUN
gp-120	179	11	of	of	ADP
gp-120	179	12	islamic	islamic	ADJ
gp-120	179	13	financial	financial	ADJ
gp-120	179	14	institutions	institution	NOUN
gp-120	179	15	.	.	PUNCT
gp-120	180	1	ahmad	ahmad	PROPN
gp-120	180	2	,	,	PUNCT
gp-120	180	3	z.	z.	PROPN
gp-120	180	4	,	,	PUNCT
gp-120	180	5	hidthiir	hidthiir	PROPN
gp-120	180	6	,	,	PUNCT
gp-120	180	7	m.	m.	NOUN
gp-120	180	8	h.	h.	PROPN
gp-120	180	9	bin	bin	PROPN
gp-120	180	10	,	,	PUNCT
gp-120	180	11	&	&	CCONJ
gp-120	180	12	rahman	rahman	PROPN
gp-120	180	13	,	,	PUNCT
gp-120	180	14	m.	m.	NOUN
gp-120	180	15	m.	m.	NOUN
gp-120	180	16	(	(	PUNCT
gp-120	180	17	2024	2024	NUM
gp-120	180	18	)	)	PUNCT
gp-120	180	19	.	.	PUNCT
gp-120	181	1	impact	impact	NOUN
gp-120	181	2	of	of	ADP
gp-120	181	3	csr	csr	NOUN
gp-120	181	4	disclosure	disclosure	NOUN
gp-120	181	5	on	on	ADP
gp-120	181	6	profitability	profitability	NOUN
gp-120	181	7	and	and	CCONJ
gp-120	181	8	firm	firm	ADJ
gp-120	181	9	performance	performance	NOUN
gp-120	181	10	of	of	ADP
gp-120	181	11	malaysian	malaysian	ADJ
gp-120	181	12	halal	halal	NOUN
gp-120	181	13	food	food	NOUN
gp-120	181	14	companies	company	NOUN
gp-120	181	15	.	.	PUNCT
gp-120	182	1	discover	discover	VERB
gp-120	182	2	sustainability	sustainability	NOUN
gp-120	182	3	,	,	PUNCT
gp-120	182	4	5(1	5(1	NUM
gp-120	182	5	)	)	PUNCT
gp-120	182	6	,	,	PUNCT
gp-120	182	7	18	18	NUM
gp-120	182	8	.	.	PUNCT
gp-120	182	9	atasel	atasel	NOUN
gp-120	182	10	,	,	PUNCT
gp-120	182	11	o.	o.	PROPN
gp-120	182	12	y.	y.	PROPN
gp-120	182	13	,	,	PUNCT
gp-120	182	14	guneysu	guneysu	PROPN
gp-120	182	15	,	,	PUNCT
gp-120	182	16	y.	y.	PROPN
gp-120	182	17	,	,	PUNCT
gp-120	182	18	&	&	CCONJ
gp-120	182	19	unal	unal	PROPN
gp-120	182	20	,	,	PUNCT
gp-120	182	21	h.	h.	PROPN
gp-120	182	22	(	(	PUNCT
gp-120	182	23	2020	2020	NUM
gp-120	182	24	)	)	PUNCT
gp-120	182	25	.	.	PUNCT
gp-120	183	1	impact	impact	NOUN
gp-120	183	2	of	of	ADP
gp-120	183	3	environmental	environmental	ADJ
gp-120	183	4	information	information	NOUN
gp-120	183	5	disclosure	disclosure	NOUN
gp-120	183	6	on	on	ADP
gp-120	183	7	cost	cost	NOUN
gp-120	183	8	of	of	ADP
gp-120	183	9	equity	equity	NOUN
gp-120	183	10	and	and	CCONJ
gp-120	183	11	financial	financial	ADJ
gp-120	183	12	performance	performance	NOUN
gp-120	183	13	in	in	ADP
gp-120	183	14	an	an	DET
gp-120	183	15	emerging	emerge	VERB
gp-120	183	16	market	market	NOUN
gp-120	183	17	:	:	PUNCT
gp-120	183	18	evidence	evidence	NOUN
gp-120	183	19	from	from	ADP
gp-120	183	20	turkey	turkey	PROPN
gp-120	183	21	.	.	PUNCT
gp-120	184	1	ekonomika	ekonomika	X
gp-120	184	2	,	,	PUNCT
gp-120	184	3	99(2	99(2	NOUN
gp-120	184	4	)	)	PUNCT
gp-120	184	5	,	,	PUNCT
gp-120	184	6	76–91	76–91	NUM
gp-120	184	7	.	.	PUNCT
gp-120	185	1	blundell	blundell	PROPN
gp-120	185	2	,	,	PUNCT
gp-120	185	3	r.	r.	PROPN
gp-120	185	4	,	,	PUNCT
gp-120	185	5	&	&	CCONJ
gp-120	185	6	bond	bond	PROPN
gp-120	185	7	,	,	PUNCT
gp-120	185	8	s.	s.	PROPN
gp-120	185	9	(	(	PUNCT
gp-120	185	10	2023	2023	NUM
gp-120	185	11	)	)	PUNCT
gp-120	185	12	.	.	PUNCT
gp-120	186	1	initial	initial	ADJ
gp-120	186	2	conditions	condition	NOUN
gp-120	186	3	and	and	CCONJ
gp-120	186	4	blundell	blundell	PROPN
gp-120	186	5	–	–	PUNCT
gp-120	186	6	bond	bond	NOUN
gp-120	186	7	estimators	estimator	NOUN
gp-120	186	8	.	.	PUNCT
gp-120	187	1	journal	journal	NOUN
gp-120	187	2	of	of	ADP
gp-120	187	3	econometrics	econometric	NOUN
gp-120	187	4	,	,	PUNCT
gp-120	187	5	234	234	NUM
gp-120	187	6	,	,	PUNCT
gp-120	187	7	101–110	101–110	NUM
gp-120	187	8	.	.	PUNCT
gp-120	188	1	https://doi.org/10.1016/j.jeconom.2023.01.020	https://doi.org/10.1016/j.jeconom.2023.01.020	PROPN
gp-120	188	2	bussoli	bussoli	PROPN
gp-120	188	3	,	,	PUNCT
gp-120	188	4	c.	c.	PROPN
gp-120	188	5	,	,	PUNCT
gp-120	188	6	&	&	CCONJ
gp-120	188	7	conte	conte	PROPN
gp-120	188	8	,	,	PUNCT
gp-120	188	9	d.	d.	PROPN
gp-120	188	10	(	(	PUNCT
gp-120	188	11	2018	2018	NUM
gp-120	188	12	)	)	PUNCT
gp-120	188	13	.	.	PUNCT
gp-120	189	1	the	the	DET
gp-120	189	2	"	"	PUNCT
gp-120	189	3	virtuous	virtuous	ADJ
gp-120	189	4	circle	circle	NOUN
gp-120	189	5	"	"	PUNCT
gp-120	189	6	between	between	ADP
gp-120	189	7	corporate	corporate	ADJ
gp-120	189	8	social	social	ADJ
gp-120	189	9	performance	performance	NOUN
gp-120	189	10	and	and	CCONJ
gp-120	189	11	corporate	corporate	ADJ
gp-120	189	12	financial	financial	ADJ
gp-120	189	13	performance	performance	NOUN
gp-120	189	14	in	in	ADP
gp-120	189	15	the	the	DET
gp-120	189	16	european	european	ADJ
gp-120	189	17	banking	banking	NOUN
gp-120	189	18	sector	sector	NOUN
gp-120	189	19	.	.	PUNCT
gp-120	190	1	international	international	ADJ
gp-120	190	2	journal	journal	PROPN
gp-120	190	3	of	of	ADP
gp-120	190	4	business	business	PROPN
gp-120	190	5	administration	administration	PROPN
gp-120	190	6	,	,	PUNCT
gp-120	190	7	9(2	9(2	NUM
gp-120	190	8	)	)	PUNCT
gp-120	190	9	,	,	PUNCT
gp-120	190	10	80–92	80–92	NUM
gp-120	190	11	.	.	PUNCT
gp-120	191	1	cheng	cheng	PROPN
gp-120	191	2	,	,	PUNCT
gp-120	191	3	b.	b.	PROPN
gp-120	191	4	,	,	PUNCT
gp-120	191	5	ioannou	ioannou	NOUN
gp-120	191	6	,	,	PUNCT
gp-120	191	7	i.	i.	PROPN
gp-120	191	8	,	,	PUNCT
gp-120	191	9	&	&	CCONJ
gp-120	191	10	serafeim	serafeim	PROPN
gp-120	191	11	,	,	PUNCT
gp-120	191	12	g.	g.	PROPN
gp-120	191	13	(	(	PUNCT
gp-120	191	14	2014	2014	NUM
gp-120	191	15	)	)	PUNCT
gp-120	191	16	.	.	PUNCT
gp-120	192	1	corporate	corporate	ADJ
gp-120	192	2	social	social	ADJ
gp-120	192	3	responsibility	responsibility	NOUN
gp-120	192	4	and	and	CCONJ
gp-120	192	5	access	access	NOUN
gp-120	192	6	to	to	ADP
gp-120	192	7	finance	finance	NOUN
gp-120	192	8	.	.	PUNCT
gp-120	193	1	strategic	strategic	ADJ
gp-120	193	2	management	management	NOUN
gp-120	193	3	journal	journal	NOUN
gp-120	193	4	,	,	PUNCT
gp-120	193	5	35(1	35(1	NUM
gp-120	193	6	)	)	PUNCT
gp-120	193	7	,	,	PUNCT
gp-120	193	8	1–23	1–23	PROPN
gp-120	193	9	.	.	PUNCT
gp-120	194	1	aman	aman	PROPN
gp-120	194	2	khan	khan	PROPN
gp-120	194	3	burki	burki	PROPN
gp-120	194	4	,	,	PUNCT
gp-120	194	5	mohamed	mohamed	PROPN
gp-120	194	6	normen	normen	PROPN
gp-120	194	7	ahamed	ahamed	PROPN
gp-120	194	8	mafaz	mafaz	PROPN
gp-120	194	9	,	,	PUNCT
gp-120	194	10	zaki	zaki	PROPN
gp-120	194	11	ahmad	ahmad	PROPN
gp-120	194	12	,	,	PUNCT
gp-120	194	13	auni	auni	PROPN
gp-120	194	14	zulfaka	zulfaka	PROPN
gp-120	194	15	,	,	PUNCT
gp-120	194	16	ikhlas	ikhlas	PROPN
gp-120	194	17	al	al	PROPN
gp-120	194	18	-	-	PUNCT
gp-120	194	19	amatullah	amatullah	PROPN
gp-120	194	20	367	367	NUM
gp-120	194	21	dang	dang	PROPN
gp-120	194	22	,	,	PUNCT
gp-120	194	23	c.	c.	PROPN
gp-120	194	24	,	,	PUNCT
gp-120	194	25	(	(	PUNCT
gp-120	194	26	frank	frank	PROPN
gp-120	194	27	)	)	PUNCT
gp-120	194	28	li	li	PROPN
gp-120	194	29	,	,	PUNCT
gp-120	194	30	z.	z.	PROPN
gp-120	194	31	,	,	PUNCT
gp-120	194	32	&	&	CCONJ
gp-120	194	33	yang	yang	PROPN
gp-120	194	34	,	,	PUNCT
gp-120	194	35	c.	c.	PROPN
gp-120	194	36	(	(	PUNCT
gp-120	194	37	2018	2018	NUM
gp-120	194	38	)	)	PUNCT
gp-120	194	39	.	.	PUNCT
gp-120	195	1	measuring	measure	VERB
gp-120	195	2	firm	firm	ADJ
gp-120	195	3	size	size	NOUN
gp-120	195	4	in	in	ADP
gp-120	195	5	empirical	empirical	ADJ
gp-120	195	6	corporate	corporate	ADJ
gp-120	195	7	finance	finance	NOUN
gp-120	195	8	.	.	PUNCT
gp-120	196	1	journal	journal	NOUN
gp-120	196	2	of	of	ADP
gp-120	196	3	banking	banking	NOUN
gp-120	196	4	&	&	CCONJ
gp-120	196	5	finance	finance	PROPN
gp-120	196	6	,	,	PUNCT
gp-120	196	7	86	86	NUM
gp-120	196	8	,	,	PUNCT
gp-120	196	9	159–176	159–176	NUM
gp-120	196	10	.	.	PUNCT
gp-120	197	1	https://doi.org/10.1016/j.jbankfin.2017.09.006	https://doi.org/10.1016/j.jbankfin.2017.09.006	ADJ
gp-120	197	2	friede	friede	NOUN
gp-120	197	3	,	,	PUNCT
gp-120	197	4	g.	g.	PROPN
gp-120	197	5	,	,	PUNCT
gp-120	197	6	busch	busch	PROPN
gp-120	197	7	,	,	PUNCT
gp-120	197	8	t.	t.	PROPN
gp-120	197	9	,	,	PUNCT
gp-120	197	10	&	&	CCONJ
gp-120	197	11	bassen	bassen	PROPN
gp-120	197	12	,	,	PUNCT
gp-120	197	13	a.	a.	NOUN
gp-120	197	14	(	(	PUNCT
gp-120	197	15	2015	2015	NUM
gp-120	197	16	)	)	PUNCT
gp-120	197	17	.	.	PUNCT
gp-120	198	1	esg	esg	NOUN
gp-120	198	2	and	and	CCONJ
gp-120	198	3	financial	financial	ADJ
gp-120	198	4	performance	performance	NOUN
gp-120	198	5	:	:	PUNCT
gp-120	198	6	aggregated	aggregate	VERB
gp-120	198	7	evidence	evidence	NOUN
gp-120	198	8	from	from	ADP
gp-120	198	9	more	more	ADJ
gp-120	198	10	than	than	ADP
gp-120	198	11	2000	2000	NUM
gp-120	198	12	empirical	empirical	ADJ
gp-120	198	13	studies	study	NOUN
gp-120	198	14	.	.	PUNCT
gp-120	199	1	journal	journal	NOUN
gp-120	199	2	of	of	ADP
gp-120	199	3	sustainable	sustainable	ADJ
gp-120	199	4	finance	finance	NOUN
gp-120	199	5	&	&	CCONJ
gp-120	199	6	investment	investment	NOUN
gp-120	199	7	,	,	PUNCT
gp-120	199	8	5(4	5(4	NUM
gp-120	199	9	)	)	PUNCT
gp-120	199	10	,	,	PUNCT
gp-120	199	11	210–233	210–233	NUM
gp-120	199	12	.	.	PUNCT
gp-120	200	1	https://doi.org/10.1080/20430795.2015.1118917	https://doi.org/10.1080/20430795.2015.1118917	NOUN
gp-120	200	2	gerged	gerge	VERB
gp-120	200	3	,	,	PUNCT
gp-120	200	4	a.	a.	NOUN
gp-120	200	5	m.	m.	NOUN
gp-120	200	6	,	,	PUNCT
gp-120	200	7	cowton	cowton	PROPN
gp-120	200	8	,	,	PUNCT
gp-120	200	9	c.	c.	PROPN
gp-120	200	10	j.	j.	PROPN
gp-120	200	11	,	,	PUNCT
gp-120	200	12	&	&	CCONJ
gp-120	200	13	beddewela	beddewela	PROPN
gp-120	200	14	,	,	PUNCT
gp-120	200	15	e.	e.	PROPN
gp-120	200	16	s.	s.	PROPN
gp-120	200	17	(	(	PUNCT
gp-120	200	18	2018	2018	NUM
gp-120	200	19	)	)	PUNCT
gp-120	200	20	.	.	PUNCT
gp-120	201	1	towards	towards	ADP
gp-120	201	2	sustainable	sustainable	ADJ
gp-120	201	3	development	development	NOUN
gp-120	201	4	in	in	ADP
gp-120	201	5	the	the	DET
gp-120	201	6	arab	arab	PROPN
gp-120	201	7	middle	middle	PROPN
gp-120	201	8	east	east	PROPN
gp-120	201	9	and	and	CCONJ
gp-120	201	10	north	north	PROPN
gp-120	201	11	africa	africa	PROPN
gp-120	201	12	region	region	NOUN
gp-120	201	13	:	:	PUNCT
gp-120	201	14	a	a	DET
gp-120	201	15	longitudinal	longitudinal	ADJ
gp-120	201	16	analysis	analysis	NOUN
gp-120	201	17	of	of	ADP
gp-120	201	18	environmental	environmental	ADJ
gp-120	201	19	disclosure	disclosure	NOUN
gp-120	201	20	in	in	ADP
gp-120	201	21	corporate	corporate	ADJ
gp-120	201	22	annual	annual	ADJ
gp-120	201	23	reports	report	NOUN
gp-120	201	24	.	.	PUNCT
gp-120	202	1	business	business	NOUN
gp-120	202	2	strategy	strategy	NOUN
gp-120	202	3	and	and	CCONJ
gp-120	202	4	the	the	DET
gp-120	202	5	environment	environment	NOUN
gp-120	202	6	,	,	PUNCT
gp-120	202	7	27(4	27(4	PROPN
gp-120	202	8	)	)	PUNCT
gp-120	202	9	,	,	PUNCT
gp-120	202	10	572	572	NUM
gp-120	202	11	–	–	PUNCT
gp-120	202	12	587	587	NUM
gp-120	202	13	.	.	PUNCT
gp-120	203	1	https://doi.org/10.1002/bse.2021	https://doi.org/10.1002/bse.2021	NOUN
gp-120	203	2	hidthiir	hidthiir	PROPN
gp-120	203	3	,	,	PUNCT
gp-120	203	4	m.	m.	PROPN
gp-120	203	5	h.	h.	PROPN
gp-120	203	6	bin	bin	PROPN
gp-120	203	7	,	,	PUNCT
gp-120	203	8	ahmad	ahmad	PROPN
gp-120	203	9	,	,	PUNCT
gp-120	203	10	z.	z.	PROPN
gp-120	203	11	,	,	PUNCT
gp-120	203	12	junoh	junoh	PROPN
gp-120	203	13	,	,	PUNCT
gp-120	203	14	m.	m.	NOUN
gp-120	203	15	z.	z.	PROPN
gp-120	203	16	m.	m.	PROPN
gp-120	203	17	,	,	PUNCT
gp-120	203	18	&	&	CCONJ
gp-120	203	19	yusof	yusof	PROPN
gp-120	203	20	,	,	PUNCT
gp-120	203	21	m.	m.	PROPN
gp-120	203	22	f.	f.	PROPN
gp-120	203	23	bin	bin	PROPN
gp-120	203	24	.	.	PUNCT
gp-120	203	25	(	(	PUNCT
gp-120	203	26	2024	2024	NUM
gp-120	203	27	)	)	PUNCT
gp-120	203	28	.	.	PUNCT
gp-120	204	1	dynamics	dynamic	NOUN
gp-120	204	2	of	of	ADP
gp-120	204	3	economic	economic	ADJ
gp-120	204	4	growth	growth	NOUN
gp-120	204	5	in	in	ADP
gp-120	204	6	asean-5	asean-5	NUM
gp-120	204	7	countries	country	NOUN
gp-120	204	8	:	:	PUNCT
gp-120	204	9	a	a	DET
gp-120	204	10	panel	panel	NOUN
gp-120	204	11	ardl	ardl	NOUN
gp-120	204	12	approach	approach	NOUN
gp-120	204	13	.	.	PUNCT
gp-120	205	1	discover	discover	VERB
gp-120	205	2	sustainability	sustainability	NOUN
gp-120	205	3	,	,	PUNCT
gp-120	205	4	5(1	5(1	NUM
gp-120	205	5	)	)	PUNCT
gp-120	205	6	,	,	PUNCT
gp-120	205	7	145	145	NUM
gp-120	205	8	.	.	PUNCT
gp-120	206	1	jung	jung	PROPN
gp-120	206	2	,	,	PUNCT
gp-120	206	3	j.	j.	PROPN
gp-120	206	4	,	,	PUNCT
gp-120	206	5	herbohn	herbohn	PROPN
gp-120	206	6	,	,	PUNCT
gp-120	206	7	k.	k.	PROPN
gp-120	206	8	,	,	PUNCT
gp-120	206	9	&	&	CCONJ
gp-120	206	10	clarkson	clarkson	PROPN
gp-120	206	11	,	,	PUNCT
gp-120	206	12	p.	p.	NOUN
gp-120	206	13	(	(	PUNCT
gp-120	206	14	2018	2018	NUM
gp-120	206	15	)	)	PUNCT
gp-120	206	16	.	.	PUNCT
gp-120	207	1	carbon	carbon	NOUN
gp-120	207	2	risk	risk	NOUN
gp-120	207	3	,	,	PUNCT
gp-120	207	4	carbon	carbon	NOUN
gp-120	207	5	risk	risk	NOUN
gp-120	207	6	awareness	awareness	NOUN
gp-120	207	7	and	and	CCONJ
gp-120	207	8	the	the	DET
gp-120	207	9	cost	cost	NOUN
gp-120	207	10	of	of	ADP
gp-120	207	11	debt	debt	NOUN
gp-120	207	12	financing	financing	NOUN
gp-120	207	13	.	.	PUNCT
gp-120	208	1	journal	journal	PROPN
gp-120	208	2	of	of	ADP
gp-120	208	3	business	business	NOUN
gp-120	208	4	ethics	ethic	NOUN
gp-120	208	5	,	,	PUNCT
gp-120	208	6	150	150	NUM
gp-120	208	7	,	,	PUNCT
gp-120	208	8	1151–1171	1151–1171	NUM
gp-120	208	9	.	.	PUNCT
gp-120	209	1	khan	khan	PROPN
gp-120	209	2	,	,	PUNCT
gp-120	209	3	a.	a.	NOUN
gp-120	209	4	a.	a.	PROPN
gp-120	209	5	,	,	PUNCT
gp-120	209	6	ahmad	ahmad	PROPN
gp-120	209	7	,	,	PUNCT
gp-120	209	8	z.	z.	PROPN
gp-120	209	9	,	,	PUNCT
gp-120	209	10	abbas	abbas	PROPN
gp-120	209	11	,	,	PUNCT
gp-120	209	12	r.	r.	PROPN
gp-120	209	13	,	,	PUNCT
gp-120	209	14	&	&	CCONJ
gp-120	209	15	ahmad	ahmad	PROPN
gp-120	209	16	,	,	PUNCT
gp-120	209	17	m.	m.	NOUN
gp-120	209	18	(	(	PUNCT
gp-120	209	19	2024	2024	NUM
gp-120	209	20	)	)	PUNCT
gp-120	209	21	.	.	PUNCT
gp-120	210	1	economic	economic	ADJ
gp-120	210	2	empowerment	empowerment	NOUN
gp-120	210	3	:	:	PUNCT
gp-120	210	4	the	the	DET
gp-120	210	5	role	role	NOUN
gp-120	210	6	of	of	ADP
gp-120	210	7	digital	digital	ADJ
gp-120	210	8	financial	financial	ADJ
gp-120	210	9	inclusion	inclusion	NOUN
gp-120	210	10	in	in	ADP
gp-120	210	11	boosting	boost	VERB
gp-120	210	12	gross	gross	ADJ
gp-120	210	13	national	national	ADJ
gp-120	210	14	income	income	NOUN
gp-120	210	15	in	in	ADP
gp-120	210	16	upper	upper	ADJ
gp-120	210	17	-	-	PUNCT
gp-120	210	18	income	income	NOUN
gp-120	210	19	countries	country	NOUN
gp-120	210	20	.	.	PUNCT
gp-120	211	1	review	review	NOUN
gp-120	211	2	of	of	ADP
gp-120	211	3	education	education	NOUN
gp-120	211	4	,	,	PUNCT
gp-120	211	5	administration	administration	NOUN
gp-120	211	6	&	&	CCONJ
gp-120	211	7	law	law	PROPN
gp-120	211	8	,	,	PUNCT
gp-120	211	9	7(1	7(1	NUM
gp-120	211	10	)	)	PUNCT
gp-120	211	11	,	,	PUNCT
gp-120	211	12	1–17	1–17	PROPN
gp-120	211	13	.	.	PUNCT
gp-120	212	1	kim	kim	PROPN
gp-120	212	2	,	,	PUNCT
gp-120	212	3	h.	h.	PROPN
gp-120	212	4	g.	g.	PROPN
gp-120	212	5	,	,	PUNCT
gp-120	212	6	chun	chun	PROPN
gp-120	212	7	,	,	PUNCT
gp-120	212	8	w.	w.	PROPN
gp-120	212	9	,	,	PUNCT
gp-120	212	10	&	&	CCONJ
gp-120	212	11	wang	wang	PROPN
gp-120	212	12	,	,	PUNCT
gp-120	212	13	z.	z.	PROPN
gp-120	212	14	(	(	PUNCT
gp-120	212	15	2021	2021	NUM
gp-120	212	16	)	)	PUNCT
gp-120	212	17	.	.	PUNCT
gp-120	213	1	multiple	multiple	ADJ
gp-120	213	2	-	-	PUNCT
gp-120	213	3	dimensions	dimension	NOUN
gp-120	213	4	of	of	ADP
gp-120	213	5	corporate	corporate	ADJ
gp-120	213	6	social	social	ADJ
gp-120	213	7	responsibility	responsibility	NOUN
gp-120	213	8	and	and	CCONJ
gp-120	213	9	global	global	ADJ
gp-120	213	10	brand	brand	NOUN
gp-120	213	11	value	value	NOUN
gp-120	213	12	:	:	PUNCT
gp-120	213	13	a	a	DET
gp-120	213	14	stakeholder	stakeholder	NOUN
gp-120	213	15	theory	theory	NOUN
gp-120	213	16	perspective	perspective	NOUN
gp-120	213	17	.	.	PUNCT
gp-120	214	1	journal	journal	NOUN
gp-120	214	2	of	of	ADP
gp-120	214	3	marketing	marketing	NOUN
gp-120	214	4	theory	theory	NOUN
gp-120	214	5	and	and	CCONJ
gp-120	214	6	practice	practice	NOUN
gp-120	214	7	,	,	PUNCT
gp-120	214	8	29(4	29(4	NOUN
gp-120	214	9	)	)	PUNCT
gp-120	214	10	,	,	PUNCT
gp-120	214	11	409–422	409–422	NUM
gp-120	214	12	.	.	PUNCT
gp-120	215	1	legrand	legrand	PROPN
gp-120	215	2	,	,	PUNCT
gp-120	215	3	w.	w.	PROPN
gp-120	215	4	,	,	PUNCT
gp-120	215	5	chen	chen	PROPN
gp-120	215	6	,	,	PUNCT
gp-120	215	7	j.	j.	PROPN
gp-120	215	8	s.	s.	PROPN
gp-120	215	9	,	,	PUNCT
gp-120	215	10	&	&	CCONJ
gp-120	215	11	laeis	laeis	PROPN
gp-120	215	12	,	,	PUNCT
gp-120	215	13	g.	g.	PROPN
gp-120	215	14	c.	c.	PROPN
gp-120	215	15	m.	m.	PROPN
gp-120	215	16	(	(	PUNCT
gp-120	215	17	2022	2022	NUM
gp-120	215	18	)	)	PUNCT
gp-120	215	19	.	.	PUNCT
gp-120	216	1	sustainability	sustainability	NOUN
gp-120	216	2	in	in	ADP
gp-120	216	3	the	the	DET
gp-120	216	4	hospitality	hospitality	NOUN
gp-120	216	5	industry	industry	NOUN
gp-120	216	6	:	:	PUNCT
gp-120	216	7	principles	principle	NOUN
gp-120	216	8	of	of	ADP
gp-120	216	9	sustainable	sustainable	ADJ
gp-120	216	10	operations	operation	NOUN
gp-120	216	11	.	.	PUNCT
gp-120	217	1	routledge	routledge	PROPN
gp-120	217	2	.	.	PUNCT
gp-120	218	1	mamun	mamun	PROPN
gp-120	218	2	,	,	PUNCT
gp-120	218	3	m.	m.	NOUN
gp-120	218	4	a.	a.	PROPN
gp-120	218	5	,	,	PUNCT
gp-120	218	6	&	&	CCONJ
gp-120	218	7	shaikh	shaikh	PROPN
gp-120	218	8	,	,	PUNCT
gp-120	218	9	j.	j.	PROPN
gp-120	218	10	m.	m.	PROPN
gp-120	218	11	(	(	PUNCT
gp-120	218	12	2018	2018	NUM
gp-120	218	13	)	)	PUNCT
gp-120	218	14	.	.	PUNCT
gp-120	219	1	reinventing	reinvent	VERB
gp-120	219	2	strategic	strategic	ADJ
gp-120	219	3	corporate	corporate	ADJ
gp-120	219	4	social	social	ADJ
gp-120	219	5	responsibility	responsibility	NOUN
gp-120	219	6	.	.	PUNCT
gp-120	220	1	journal	journal	PROPN
gp-120	220	2	of	of	ADP
gp-120	220	3	economic	economic	PROPN
gp-120	220	4	&	&	CCONJ
gp-120	220	5	management	management	PROPN
gp-120	220	6	perspectives	perspective	NOUN
gp-120	220	7	,	,	PUNCT
gp-120	220	8	12(2	12(2	NUM
gp-120	220	9	)	)	PUNCT
gp-120	220	10	,	,	PUNCT
gp-120	220	11	499–512	499–512	NUM
gp-120	220	12	.	.	PUNCT
gp-120	221	1	papke	papke	PROPN
gp-120	221	2	,	,	PUNCT
gp-120	221	3	l.	l.	PROPN
gp-120	221	4	e.	e.	PROPN
gp-120	221	5	,	,	PUNCT
gp-120	221	6	&	&	CCONJ
gp-120	221	7	wooldridge	wooldridge	PROPN
gp-120	221	8	,	,	PUNCT
gp-120	221	9	j.	j.	PROPN
gp-120	221	10	m.	m.	PROPN
gp-120	221	11	(	(	PUNCT
gp-120	221	12	2023	2023	NUM
gp-120	221	13	)	)	PUNCT
gp-120	221	14	.	.	PUNCT
gp-120	222	1	a	a	DET
gp-120	222	2	simple	simple	ADJ
gp-120	222	3	,	,	PUNCT
gp-120	222	4	robust	robust	ADJ
gp-120	222	5	test	test	NOUN
gp-120	222	6	for	for	ADP
gp-120	222	7	choosing	choose	VERB
gp-120	222	8	the	the	DET
gp-120	222	9	level	level	NOUN
gp-120	222	10	of	of	ADP
gp-120	222	11	fixed	fix	VERB
gp-120	222	12	effects	effect	NOUN
gp-120	222	13	in	in	ADP
gp-120	222	14	linear	linear	PROPN
gp-120	222	15	panel	panel	NOUN
gp-120	222	16	data	datum	NOUN
gp-120	222	17	models	model	NOUN
gp-120	222	18	.	.	PUNCT
gp-120	223	1	empirical	empirical	ADJ
gp-120	223	2	economics	economic	NOUN
gp-120	223	3	,	,	PUNCT
gp-120	223	4	64(6	64(6	NUM
gp-120	223	5	)	)	PUNCT
gp-120	223	6	,	,	PUNCT
gp-120	223	7	2683–2701	2683–2701	NUM
gp-120	223	8	.	.	PUNCT
gp-120	223	9	soegiarto	soegiarto	PROPN
gp-120	223	10	,	,	PUNCT
gp-120	223	11	e.	e.	PROPN
gp-120	223	12	,	,	PUNCT
gp-120	223	13	palinggi	palinggi	PROPN
gp-120	223	14	,	,	PUNCT
gp-120	223	15	y.	y.	PROPN
gp-120	223	16	,	,	PUNCT
gp-120	223	17	reza	reza	PROPN
gp-120	223	18	,	,	PUNCT
gp-120	223	19	f.	f.	PROPN
gp-120	223	20	,	,	PUNCT
gp-120	223	21	&	&	CCONJ
gp-120	223	22	purwanti	purwanti	PROPN
gp-120	223	23	,	,	PUNCT
gp-120	223	24	s.	s.	PROPN
gp-120	223	25	(	(	PUNCT
gp-120	223	26	2022	2022	NUM
gp-120	223	27	)	)	PUNCT
gp-120	223	28	.	.	PUNCT
gp-120	224	1	human	human	ADJ
gp-120	224	2	capital	capital	NOUN
gp-120	224	3	,	,	PUNCT
gp-120	224	4	difussion	difussion	NOUN
gp-120	224	5	model	model	NOUN
gp-120	224	6	,	,	PUNCT
gp-120	224	7	and	and	CCONJ
gp-120	224	8	endogenous	endogenous	ADJ
gp-120	224	9	growth	growth	NOUN
gp-120	224	10	:	:	PUNCT
gp-120	224	11	evidence	evidence	NOUN
gp-120	224	12	from	from	ADP
gp-120	224	13	arellano	arellano	NOUN
gp-120	224	14	-	-	PUNCT
gp-120	224	15	bond	bond	NOUN
gp-120	224	16	specification	specification	NOUN
gp-120	224	17	.	.	PUNCT
gp-120	225	1	webology	webology	NOUN
gp-120	225	2	,	,	PUNCT
gp-120	225	3	19(2	19(2	NUM
gp-120	225	4	)	)	PUNCT
gp-120	225	5	.	.	PUNCT
gp-120	226	1	velte	velte	NOUN
gp-120	226	2	,	,	PUNCT
gp-120	226	3	p.	p.	NOUN
gp-120	226	4	(	(	PUNCT
gp-120	226	5	2017	2017	NUM
gp-120	226	6	)	)	PUNCT
gp-120	226	7	.	.	PUNCT
gp-120	227	1	does	do	AUX
gp-120	227	2	esg	esg	PROPN
gp-120	227	3	performance	performance	NOUN
gp-120	227	4	have	have	VERB
gp-120	227	5	an	an	DET
gp-120	227	6	impact	impact	NOUN
gp-120	227	7	on	on	ADP
gp-120	227	8	financial	financial	ADJ
gp-120	227	9	performance	performance	NOUN
gp-120	227	10	?	?	PUNCT
gp-120	228	1	evidence	evidence	NOUN
gp-120	228	2	from	from	ADP
gp-120	228	3	germany	germany	PROPN
gp-120	228	4	.	.	PUNCT
gp-120	229	1	journal	journal	PROPN
gp-120	229	2	of	of	ADP
gp-120	229	3	global	global	ADJ
gp-120	229	4	responsibility	responsibility	NOUN
gp-120	229	5	,	,	PUNCT
gp-120	229	6	8(2	8(2	NUM
gp-120	229	7	)	)	PUNCT
gp-120	229	8	,	,	PUNCT
gp-120	229	9	169–178	169–178	NUM
gp-120	229	10	.	.	PUNCT
gp-120	230	1	https://doi.org/10.1108/jgr-112016-0029	https://doi.org/10.1108/jgr-112016-0029	PROPN
gp-120	230	2	copyright	copyright	PROPN
gp-120	230	3	holders	holder	NOUN
gp-120	230	4	:	:	PUNCT
gp-120	230	5	author	author	NOUN
gp-120	230	6	name	name	NOUN
gp-120	230	7	(	(	PUNCT
gp-120	230	8	2024	2024	NUM
gp-120	230	9	)	)	PUNCT
gp-120	230	10	first	first	ADJ
gp-120	230	11	publication	publication	NOUN
gp-120	230	12	right	right	NOUN
gp-120	230	13	:	:	PUNCT
gp-120	230	14	american	american	PROPN
gp-120	230	15	journal	journal	PROPN
gp-120	230	16	of	of	ADP
gp-120	230	17	economic	economic	ADJ
gp-120	230	18	and	and	CCONJ
gp-120	230	19	management	management	NOUN
gp-120	230	20	business	business	NOUN
gp-120	230	21	vol	vol	NOUN
gp-120	230	22	.	.	PROPN
gp-120	230	23	3	3	NUM
gp-120	230	24	no	no	NOUN
gp-120	230	25	.	.	PUNCT
gp-120	231	1	10	10	NUM
gp-120	231	2	oktober	oktober	NOUN
gp-120	231	3	2024	2024	NUM
gp-120	231	4	368	368	NUM
gp-120	231	5	ajemb	ajemb	NOUN
gp-120	231	6	–	–	PUNCT
gp-120	231	7	american	american	ADJ
gp-120	231	8	journal	journal	PROPN
gp-120	231	9	of	of	ADP
gp-120	231	10	economic	economic	ADJ
gp-120	231	11	and	and	CCONJ
gp-120	231	12	management	management	NOUN
gp-120	231	13	business	business	NOUN