id	sid	tid	token	lemma	pos
gp-317	1	1	american	american	PROPN
gp-317	1	2	journal	journal	PROPN
gp-317	1	3	of	of	ADP
gp-317	1	4	economic	economic	ADJ
gp-317	1	5	and	and	CCONJ
gp-317	1	6	management	management	NOUN
gp-317	1	7	business	business	NOUN
gp-317	1	8	e	e	NOUN
gp-317	1	9	-	-	NOUN
gp-317	1	10	issn	issn	ADJ
gp-317	1	11	:	:	PUNCT
gp-317	1	12	2835	2835	NUM
gp-317	1	13	-	-	SYM
gp-317	1	14	5199	5199	NUM
gp-317	1	15	vol	vol	NOUN
gp-317	1	16	.	.	PROPN
gp-317	1	17	4	4	NUM
gp-317	1	18	no	no	NOUN
gp-317	1	19	.	.	PUNCT
gp-317	2	1	10	10	NUM
gp-317	2	2	october	october	NOUN
gp-317	2	3	2025	2025	NUM
gp-317	2	4	1696	1696	NUM
gp-317	2	5	the	the	DET
gp-317	2	6	influence	influence	NOUN
gp-317	2	7	of	of	ADP
gp-317	2	8	monetary	monetary	ADJ
gp-317	2	9	policy	policy	NOUN
gp-317	2	10	,	,	PUNCT
gp-317	2	11	macroeconomic	macroeconomic	ADJ
gp-317	2	12	variables	variable	NOUN
gp-317	2	13	,	,	PUNCT
gp-317	2	14	global	global	ADJ
gp-317	2	15	markets	market	NOUN
gp-317	2	16	,	,	PUNCT
gp-317	2	17	and	and	CCONJ
gp-317	2	18	internal	internal	ADJ
gp-317	2	19	company	company	NOUN
gp-317	2	20	factors	factor	NOUN
gp-317	2	21	on	on	ADP
gp-317	2	22	stock	stock	NOUN
gp-317	2	23	returns	return	NOUN
gp-317	2	24	of	of	ADP
gp-317	2	25	lq45	lq45	PROPN
gp-317	2	26	companies	company	NOUN
gp-317	2	27	on	on	ADP
gp-317	2	28	the	the	DET
gp-317	2	29	indonesian	indonesian	ADJ
gp-317	2	30	stock	stock	PROPN
gp-317	2	31	exchange	exchange	PROPN
gp-317	2	32	rifa	rifa	PROPN
gp-317	2	33	mutia	mutia	PROPN
gp-317	2	34	universitas	universita	VERB
gp-317	2	35	sultan	sultan	PROPN
gp-317	2	36	ageng	ageng	PROPN
gp-317	2	37	tirtayasa	tirtayasa	PROPN
gp-317	2	38	,	,	PUNCT
gp-317	2	39	indonesia	indonesia	PROPN
gp-317	2	40	email	email	NOUN
gp-317	2	41	:	:	PUNCT
gp-317	3	1	7786230006@untirta.ac.id	7786230006@untirta.ac.id	NUM
gp-317	4	1	abstract	abstract	ADJ
gp-317	4	2	this	this	DET
gp-317	4	3	study	study	NOUN
gp-317	4	4	aims	aim	VERB
gp-317	4	5	to	to	PART
gp-317	4	6	identify	identify	VERB
gp-317	4	7	the	the	DET
gp-317	4	8	influence	influence	NOUN
gp-317	4	9	of	of	ADP
gp-317	4	10	monetary	monetary	ADJ
gp-317	4	11	policy	policy	NOUN
gp-317	4	12	,	,	PUNCT
gp-317	4	13	macroeconomic	macroeconomic	ADJ
gp-317	4	14	variables	variable	NOUN
gp-317	4	15	,	,	PUNCT
gp-317	4	16	global	global	ADJ
gp-317	4	17	markets	market	NOUN
gp-317	4	18	,	,	PUNCT
gp-317	4	19	and	and	CCONJ
gp-317	4	20	internal	internal	ADJ
gp-317	4	21	factors	factor	NOUN
gp-317	4	22	on	on	ADP
gp-317	4	23	stock	stock	NOUN
gp-317	4	24	returns	return	NOUN
gp-317	4	25	in	in	ADP
gp-317	4	26	lq45	lq45	PROPN
gp-317	4	27	companies	company	NOUN
gp-317	4	28	on	on	ADP
gp-317	4	29	the	the	DET
gp-317	4	30	indonesia	indonesia	PROPN
gp-317	4	31	stock	stock	PROPN
gp-317	4	32	exchange	exchange	PROPN
gp-317	4	33	during	during	ADP
gp-317	4	34	the	the	DET
gp-317	4	35	period	period	NOUN
gp-317	4	36	2020q1	2020q1	NUM
gp-317	4	37	to	to	ADP
gp-317	4	38	2024q3	2024q3	NUM
gp-317	4	39	.	.	PUNCT
gp-317	5	1	the	the	DET
gp-317	5	2	results	result	NOUN
gp-317	5	3	of	of	ADP
gp-317	5	4	the	the	DET
gp-317	5	5	estimation	estimation	NOUN
gp-317	5	6	using	use	VERB
gp-317	5	7	the	the	DET
gp-317	5	8	gmm	gmm	NOUN
gp-317	5	9	(	(	PUNCT
gp-317	5	10	generalized	generalized	ADJ
gp-317	5	11	method	method	NOUN
gp-317	5	12	of	of	ADP
gp-317	5	13	moments	moment	NOUN
gp-317	5	14	)	)	PUNCT
gp-317	5	15	panel	panel	NOUN
gp-317	5	16	show	show	VERB
gp-317	5	17	that	that	SCONJ
gp-317	5	18	bir	bir	NOUN
gp-317	5	19	has	have	VERB
gp-317	5	20	both	both	CCONJ
gp-317	5	21	a	a	DET
gp-317	5	22	significant	significant	ADJ
gp-317	5	23	positive	positive	ADJ
gp-317	5	24	and	and	CCONJ
gp-317	5	25	negative	negative	ADJ
gp-317	5	26	influence	influence	NOUN
gp-317	5	27	on	on	ADP
gp-317	5	28	stock	stock	NOUN
gp-317	5	29	returns	return	NOUN
gp-317	5	30	.	.	PUNCT
gp-317	6	1	meanwhile	meanwhile	ADV
gp-317	6	2	,	,	PUNCT
gp-317	6	3	inf	inf	PROPN
gp-317	6	4	and	and	CCONJ
gp-317	6	5	exr	exr	PROPN
gp-317	6	6	have	have	VERB
gp-317	6	7	a	a	DET
gp-317	6	8	negative	negative	ADJ
gp-317	6	9	and	and	CCONJ
gp-317	6	10	significant	significant	ADJ
gp-317	6	11	influence	influence	NOUN
gp-317	6	12	on	on	ADP
gp-317	6	13	stock	stock	NOUN
gp-317	6	14	returns	return	NOUN
gp-317	6	15	.	.	PUNCT
gp-317	7	1	however	however	ADV
gp-317	7	2	,	,	PUNCT
gp-317	7	3	dj	dj	PROPN
gp-317	7	4	has	have	VERB
gp-317	7	5	a	a	DET
gp-317	7	6	negative	negative	ADJ
gp-317	7	7	and	and	CCONJ
gp-317	7	8	insignificant	insignificant	ADJ
gp-317	7	9	influence	influence	NOUN
gp-317	7	10	on	on	ADP
gp-317	7	11	stock	stock	NOUN
gp-317	7	12	returns	return	NOUN
gp-317	7	13	,	,	PUNCT
gp-317	7	14	while	while	SCONJ
gp-317	7	15	der	der	NOUN
gp-317	7	16	has	have	VERB
gp-317	7	17	a	a	DET
gp-317	7	18	positive	positive	ADJ
gp-317	7	19	and	and	CCONJ
gp-317	7	20	significant	significant	ADJ
gp-317	7	21	influence	influence	NOUN
gp-317	7	22	.	.	PUNCT
gp-317	8	1	in	in	ADP
gp-317	8	2	addition	addition	NOUN
gp-317	8	3	,	,	PUNCT
gp-317	8	4	size	size	NOUN
gp-317	8	5	,	,	PUNCT
gp-317	8	6	roa	roa	PROPN
gp-317	8	7	,	,	PUNCT
gp-317	8	8	and	and	CCONJ
gp-317	8	9	roe	roe	PROPN
gp-317	8	10	have	have	VERB
gp-317	8	11	a	a	DET
gp-317	8	12	positive	positive	ADJ
gp-317	8	13	but	but	CCONJ
gp-317	8	14	insignificant	insignificant	ADJ
gp-317	8	15	influence	influence	NOUN
gp-317	8	16	on	on	ADP
gp-317	8	17	the	the	DET
gp-317	8	18	returns	return	NOUN
gp-317	8	19	of	of	ADP
gp-317	8	20	lq45	lq45	PROPN
gp-317	8	21	company	company	NOUN
gp-317	8	22	shares	share	NOUN
gp-317	8	23	on	on	ADP
gp-317	8	24	the	the	DET
gp-317	8	25	indonesia	indonesia	PROPN
gp-317	8	26	stock	stock	PROPN
gp-317	8	27	exchange	exchange	PROPN
gp-317	8	28	.	.	PUNCT
gp-317	9	1	according	accord	VERB
gp-317	9	2	to	to	ADP
gp-317	9	3	the	the	DET
gp-317	9	4	results	result	NOUN
gp-317	9	5	of	of	ADP
gp-317	9	6	the	the	DET
gp-317	9	7	analysis	analysis	NOUN
gp-317	9	8	in	in	ADP
gp-317	9	9	this	this	DET
gp-317	9	10	study	study	NOUN
gp-317	9	11	,	,	PUNCT
gp-317	9	12	monetary	monetary	ADJ
gp-317	9	13	policy	policy	NOUN
gp-317	9	14	,	,	PUNCT
gp-317	9	15	macroeconomic	macroeconomic	ADJ
gp-317	9	16	variables	variable	NOUN
gp-317	9	17	,	,	PUNCT
gp-317	9	18	global	global	ADJ
gp-317	9	19	markets	market	NOUN
gp-317	9	20	,	,	PUNCT
gp-317	9	21	and	and	CCONJ
gp-317	9	22	internal	internal	ADJ
gp-317	9	23	company	company	NOUN
gp-317	9	24	factors	factor	NOUN
gp-317	9	25	are	be	AUX
gp-317	9	26	the	the	DET
gp-317	9	27	most	most	ADV
gp-317	9	28	important	important	ADJ
gp-317	9	29	components	component	NOUN
gp-317	9	30	that	that	PRON
gp-317	9	31	can	can	AUX
gp-317	9	32	affect	affect	VERB
gp-317	9	33	the	the	DET
gp-317	9	34	level	level	NOUN
gp-317	9	35	of	of	ADP
gp-317	9	36	stock	stock	NOUN
gp-317	9	37	returns	return	NOUN
gp-317	9	38	.	.	PUNCT
gp-317	10	1	therefore	therefore	ADV
gp-317	10	2	,	,	PUNCT
gp-317	10	3	the	the	DET
gp-317	10	4	management	management	NOUN
gp-317	10	5	of	of	ADP
gp-317	10	6	the	the	DET
gp-317	10	7	company	company	NOUN
gp-317	10	8	needs	need	VERB
gp-317	10	9	to	to	PART
gp-317	10	10	pay	pay	VERB
gp-317	10	11	attention	attention	NOUN
gp-317	10	12	to	to	ADP
gp-317	10	13	aspects	aspect	NOUN
gp-317	10	14	that	that	PRON
gp-317	10	15	directly	directly	ADV
gp-317	10	16	affect	affect	VERB
gp-317	10	17	stock	stock	NOUN
gp-317	10	18	returns	return	NOUN
gp-317	10	19	,	,	PUNCT
gp-317	10	20	while	while	SCONJ
gp-317	10	21	potential	potential	ADJ
gp-317	10	22	investors	investor	NOUN
gp-317	10	23	should	should	AUX
gp-317	10	24	consider	consider	VERB
gp-317	10	25	stock	stock	NOUN
gp-317	10	26	price	price	NOUN
gp-317	10	27	movements	movement	NOUN
gp-317	10	28	influenced	influence	VERB
gp-317	10	29	by	by	ADP
gp-317	10	30	these	these	DET
gp-317	10	31	factors	factor	NOUN
gp-317	10	32	.	.	PUNCT
gp-317	11	1	this	this	PRON
gp-317	11	2	is	be	AUX
gp-317	11	3	important	important	ADJ
gp-317	11	4	for	for	ADP
gp-317	11	5	formulating	formulate	VERB
gp-317	11	6	effective	effective	ADJ
gp-317	11	7	investment	investment	NOUN
gp-317	11	8	strategies	strategy	NOUN
gp-317	11	9	.	.	PUNCT
gp-317	12	1	keywords	keyword	NOUN
gp-317	12	2	:	:	PUNCT
gp-317	12	3	monetary	monetary	ADJ
gp-317	12	4	policy	policy	NOUN
gp-317	12	5	,	,	PUNCT
gp-317	12	6	bi	bi	ADJ
gp-317	12	7	rate	rate	NOUN
gp-317	12	8	,	,	PUNCT
gp-317	12	9	inflation	inflation	NOUN
gp-317	12	10	,	,	PUNCT
gp-317	12	11	exchange	exchange	NOUN
gp-317	12	12	rate	rate	NOUN
gp-317	12	13	,	,	PUNCT
gp-317	12	14	dow	dow	PROPN
gp-317	12	15	jones	jones	PROPN
gp-317	12	16	index	index	PROPN
gp-317	12	17	,	,	PUNCT
gp-317	12	18	company	company	NOUN
gp-317	12	19	size	size	NOUN
gp-317	12	20	introduction	introduction	NOUN
gp-317	12	21	the	the	DET
gp-317	12	22	development	development	NOUN
gp-317	12	23	of	of	ADP
gp-317	12	24	the	the	DET
gp-317	12	25	capital	capital	NOUN
gp-317	12	26	market	market	NOUN
gp-317	12	27	is	be	AUX
gp-317	12	28	a	a	DET
gp-317	12	29	benchmark	benchmark	NOUN
gp-317	12	30	for	for	ADP
gp-317	12	31	economic	economic	ADJ
gp-317	12	32	progress	progress	NOUN
gp-317	12	33	in	in	ADP
gp-317	12	34	a	a	DET
gp-317	12	35	country	country	NOUN
gp-317	12	36	.	.	PUNCT
gp-317	13	1	in	in	ADP
gp-317	13	2	indonesia	indonesia	PROPN
gp-317	13	3	,	,	PUNCT
gp-317	13	4	capital	capital	NOUN
gp-317	13	5	market	market	NOUN
gp-317	13	6	development	development	NOUN
gp-317	13	7	can	can	AUX
gp-317	13	8	be	be	AUX
gp-317	13	9	considered	consider	VERB
gp-317	13	10	rapid	rapid	ADJ
gp-317	13	11	,	,	PUNCT
gp-317	13	12	as	as	SCONJ
gp-317	13	13	shown	show	VERB
gp-317	13	14	by	by	ADP
gp-317	13	15	the	the	DET
gp-317	13	16	increasing	increase	VERB
gp-317	13	17	number	number	NOUN
gp-317	13	18	of	of	ADP
gp-317	13	19	investors	investor	NOUN
gp-317	13	20	in	in	ADP
gp-317	13	21	the	the	DET
gp-317	13	22	indonesia	indonesia	PROPN
gp-317	13	23	stock	stock	PROPN
gp-317	13	24	exchange	exchange	PROPN
gp-317	13	25	(	(	PUNCT
gp-317	13	26	idx	idx	PROPN
gp-317	13	27	)	)	PUNCT
gp-317	13	28	.	.	PUNCT
gp-317	14	1	in	in	ADP
gp-317	14	2	2024	2024	NUM
gp-317	14	3	,	,	PUNCT
gp-317	14	4	the	the	DET
gp-317	14	5	number	number	NOUN
gp-317	14	6	of	of	ADP
gp-317	14	7	capital	capital	NOUN
gp-317	14	8	market	market	NOUN
gp-317	14	9	investors	investor	NOUN
gp-317	14	10	reached	reach	VERB
gp-317	14	11	8.3	8.3	NUM
gp-317	14	12	million	million	NUM
gp-317	14	13	,	,	PUNCT
gp-317	14	14	an	an	DET
gp-317	14	15	increase	increase	NOUN
gp-317	14	16	of	of	ADP
gp-317	14	17	12.13	12.13	NUM
gp-317	14	18	%	%	NOUN
gp-317	14	19	from	from	ADP
gp-317	14	20	2021	2021	NUM
gp-317	14	21	.	.	PUNCT
gp-317	15	1	many	many	ADJ
gp-317	15	2	new	new	ADJ
gp-317	15	3	investors	investor	NOUN
gp-317	15	4	are	be	AUX
gp-317	15	5	still	still	ADV
gp-317	15	6	interested	interested	ADJ
gp-317	15	7	in	in	ADP
gp-317	15	8	investing	invest	VERB
gp-317	15	9	their	their	PRON
gp-317	15	10	funds	fund	NOUN
gp-317	15	11	in	in	ADP
gp-317	15	12	the	the	DET
gp-317	15	13	capital	capital	NOUN
gp-317	15	14	market	market	NOUN
gp-317	15	15	,	,	PUNCT
gp-317	15	16	particularly	particularly	ADV
gp-317	15	17	in	in	ADP
gp-317	15	18	stocks	stock	NOUN
gp-317	15	19	(	(	PUNCT
gp-317	15	20	garnia	garnia	NOUN
gp-317	15	21	et	et	PROPN
gp-317	15	22	al	al	PROPN
gp-317	15	23	.	.	PROPN
gp-317	15	24	,	,	PUNCT
gp-317	15	25	2024	2024	NUM
gp-317	15	26	)	)	PUNCT
gp-317	15	27	.	.	PUNCT
gp-317	16	1	before	before	ADP
gp-317	16	2	investing	investing	NOUN
gp-317	16	3	,	,	PUNCT
gp-317	16	4	investors	investor	NOUN
gp-317	16	5	are	be	AUX
gp-317	16	6	typically	typically	ADV
gp-317	16	7	influenced	influence	VERB
gp-317	16	8	by	by	ADP
gp-317	16	9	information	information	NOUN
gp-317	16	10	contained	contain	VERB
gp-317	16	11	in	in	ADP
gp-317	16	12	the	the	DET
gp-317	16	13	stock	stock	NOUN
gp-317	16	14	price	price	NOUN
gp-317	16	15	index	index	NOUN
gp-317	16	16	.	.	PUNCT
gp-317	17	1	they	they	PRON
gp-317	17	2	analyze	analyze	VERB
gp-317	17	3	stock	stock	NOUN
gp-317	17	4	price	price	NOUN
gp-317	17	5	movements	movement	NOUN
gp-317	17	6	to	to	PART
gp-317	17	7	assess	assess	VERB
gp-317	17	8	the	the	DET
gp-317	17	9	trade	trade	NOUN
gp-317	17	10	-	-	PUNCT
gp-317	17	11	off	off	NOUN
gp-317	17	12	between	between	ADP
gp-317	17	13	risk	risk	NOUN
gp-317	17	14	and	and	CCONJ
gp-317	17	15	return	return	VERB
gp-317	17	16	when	when	SCONJ
gp-317	17	17	making	make	VERB
gp-317	17	18	investment	investment	NOUN
gp-317	17	19	decisions	decision	NOUN
gp-317	17	20	(	(	PUNCT
gp-317	17	21	okechukwu	okechukwu	NOUN
gp-317	17	22	et	et	PROPN
gp-317	17	23	al	al	PROPN
gp-317	17	24	.	.	PROPN
gp-317	17	25	,	,	PUNCT
gp-317	17	26	2019	2019	NUM
gp-317	17	27	)	)	PUNCT
gp-317	17	28	.	.	PUNCT
gp-317	18	1	the	the	DET
gp-317	18	2	current	current	ADJ
gp-317	18	3	capital	capital	NOUN
gp-317	18	4	market	market	NOUN
gp-317	18	5	institution	institution	NOUN
gp-317	18	6	is	be	AUX
gp-317	18	7	the	the	DET
gp-317	18	8	indonesia	indonesia	PROPN
gp-317	18	9	stock	stock	PROPN
gp-317	18	10	exchange	exchange	PROPN
gp-317	18	11	(	(	PUNCT
gp-317	18	12	idx	idx	PROPN
gp-317	18	13	)	)	PUNCT
gp-317	18	14	,	,	PUNCT
gp-317	18	15	the	the	DET
gp-317	18	16	largest	large	ADJ
gp-317	18	17	in	in	ADP
gp-317	18	18	the	the	DET
gp-317	18	19	country	country	NOUN
gp-317	18	20	.	.	PUNCT
gp-317	19	1	the	the	DET
gp-317	19	2	idx	idx	NOUN
gp-317	19	3	plays	play	VERB
gp-317	19	4	a	a	DET
gp-317	19	5	crucial	crucial	ADJ
gp-317	19	6	role	role	NOUN
gp-317	19	7	for	for	ADP
gp-317	19	8	indonesians	indonesians	PROPN
gp-317	19	9	as	as	ADP
gp-317	19	10	a	a	DET
gp-317	19	11	platform	platform	NOUN
gp-317	19	12	for	for	ADP
gp-317	19	13	investment	investment	NOUN
gp-317	19	14	,	,	PUNCT
gp-317	19	15	particularly	particularly	ADV
gp-317	19	16	through	through	ADP
gp-317	19	17	stock	stock	NOUN
gp-317	19	18	investments	investment	NOUN
gp-317	19	19	(	(	PUNCT
gp-317	19	20	wardani	wardani	PROPN
gp-317	19	21	&	&	CCONJ
gp-317	19	22	yusniar	yusniar	PROPN
gp-317	19	23	,	,	PUNCT
gp-317	19	24	2024	2024	NUM
gp-317	19	25	)	)	PUNCT
gp-317	19	26	.	.	PUNCT
gp-317	20	1	on	on	ADP
gp-317	20	2	the	the	DET
gp-317	20	3	idx	idx	PROPN
gp-317	20	4	,	,	PUNCT
gp-317	20	5	stocks	stock	NOUN
gp-317	20	6	are	be	AUX
gp-317	20	7	grouped	group	VERB
gp-317	20	8	into	into	ADP
gp-317	20	9	11	11	NUM
gp-317	20	10	main	main	ADJ
gp-317	20	11	sectors	sector	NOUN
gp-317	20	12	based	base	VERB
gp-317	20	13	on	on	ADP
gp-317	20	14	the	the	DET
gp-317	20	15	idx	idx	ADJ
gp-317	20	16	industrial	industrial	ADJ
gp-317	20	17	classification	classification	NOUN
gp-317	20	18	(	(	PUNCT
gp-317	20	19	idx	idx	NOUN
gp-317	20	20	-	-	PUNCT
gp-317	20	21	ic	ic	NUM
gp-317	20	22	)	)	PUNCT
gp-317	20	23	.	.	PUNCT
gp-317	21	1	this	this	DET
gp-317	21	2	classification	classification	NOUN
gp-317	21	3	follows	follow	VERB
gp-317	21	4	global	global	ADJ
gp-317	21	5	models	model	NOUN
gp-317	21	6	such	such	ADJ
gp-317	21	7	as	as	ADP
gp-317	21	8	the	the	DET
gp-317	21	9	gics	gic	NOUN
gp-317	21	10	(	(	PUNCT
gp-317	21	11	global	global	ADJ
gp-317	21	12	industry	industry	NOUN
gp-317	21	13	classification	classification	NOUN
gp-317	21	14	standard	standard	NOUN
gp-317	21	15	)	)	PUNCT
gp-317	21	16	and	and	CCONJ
gp-317	21	17	provides	provide	VERB
gp-317	21	18	a	a	DET
gp-317	21	19	clearer	clear	ADJ
gp-317	21	20	structure	structure	NOUN
gp-317	21	21	for	for	ADP
gp-317	21	22	analyzing	analyze	VERB
gp-317	21	23	stock	stock	NOUN
gp-317	21	24	movements	movement	NOUN
gp-317	21	25	by	by	ADP
gp-317	21	26	industry	industry	NOUN
gp-317	21	27	sectors	sector	NOUN
gp-317	21	28	.	.	PUNCT
gp-317	22	1	with	with	ADP
gp-317	22	2	this	this	DET
gp-317	22	3	classification	classification	NOUN
gp-317	22	4	,	,	PUNCT
gp-317	22	5	investors	investor	NOUN
gp-317	22	6	can	can	AUX
gp-317	22	7	more	more	ADV
gp-317	22	8	easily	easily	ADV
gp-317	22	9	analyze	analyze	VERB
gp-317	22	10	and	and	CCONJ
gp-317	22	11	compare	compare	VERB
gp-317	22	12	company	company	NOUN
gp-317	22	13	performance	performance	NOUN
gp-317	22	14	within	within	ADP
gp-317	22	15	the	the	DET
gp-317	22	16	same	same	ADJ
gp-317	22	17	sector	sector	NOUN
gp-317	22	18	and	and	CCONJ
gp-317	22	19	make	make	VERB
gp-317	22	20	more	more	ADV
gp-317	22	21	informed	informed	ADJ
gp-317	22	22	decisions	decision	NOUN
gp-317	22	23	.	.	PUNCT
gp-317	23	1	it	it	PRON
gp-317	23	2	represents	represent	VERB
gp-317	23	3	around	around	ADP
gp-317	23	4	70	70	NUM
gp-317	23	5	%	%	NOUN
gp-317	23	6	of	of	ADP
gp-317	23	7	transaction	transaction	NOUN
gp-317	23	8	volume	volume	NOUN
gp-317	23	9	in	in	ADP
gp-317	23	10	the	the	DET
gp-317	23	11	capital	capital	NOUN
gp-317	23	12	market	market	NOUN
gp-317	23	13	and	and	CCONJ
gp-317	23	14	includes	include	VERB
gp-317	23	15	the	the	DET
gp-317	23	16	largest	large	ADJ
gp-317	23	17	companies	company	NOUN
gp-317	23	18	by	by	ADP
gp-317	23	19	market	market	NOUN
gp-317	23	20	capitalization	capitalization	NOUN
gp-317	23	21	,	,	PUNCT
gp-317	23	22	categorized	categorize	VERB
gp-317	23	23	as	as	ADP
gp-317	23	24	blue	blue	ADJ
gp-317	23	25	-	-	PUNCT
gp-317	23	26	chip	chip	NOUN
gp-317	23	27	stocks	stock	NOUN
gp-317	23	28	(	(	PUNCT
gp-317	23	29	prawiro	prawiro	NOUN
gp-317	23	30	et	et	PROPN
gp-317	23	31	al	al	PROPN
gp-317	23	32	.	.	PROPN
gp-317	23	33	,	,	PUNCT
gp-317	23	34	2022	2022	NUM
gp-317	23	35	)	)	PUNCT
gp-317	23	36	.	.	PUNCT
gp-317	24	1	this	this	DET
gp-317	24	2	study	study	NOUN
gp-317	24	3	uses	use	VERB
gp-317	24	4	companies	company	NOUN
gp-317	24	5	listed	list	VERB
gp-317	24	6	in	in	ADP
gp-317	24	7	the	the	DET
gp-317	24	8	lq45	lq45	PROPN
gp-317	24	9	index	index	NOUN
gp-317	24	10	as	as	ADP
gp-317	24	11	research	research	NOUN
gp-317	24	12	objects	object	NOUN
gp-317	24	13	.	.	PUNCT
gp-317	25	1	from	from	ADP
gp-317	25	2	a	a	DET
gp-317	25	3	risk	risk	NOUN
gp-317	25	4	perspective	perspective	NOUN
gp-317	25	5	,	,	PUNCT
gp-317	25	6	the	the	DET
gp-317	25	7	lq45	lq45	PROPN
gp-317	25	8	index	index	NOUN
gp-317	25	9	carries	carry	VERB
gp-317	25	10	lower	low	ADJ
gp-317	25	11	risk	risk	NOUN
gp-317	25	12	compared	compare	VERB
gp-317	25	13	to	to	ADP
gp-317	25	14	other	other	ADJ
gp-317	25	15	stocks	stock	NOUN
gp-317	25	16	.	.	PUNCT
gp-317	26	1	the	the	DET
gp-317	26	2	selection	selection	NOUN
gp-317	26	3	of	of	ADP
gp-317	26	4	lq45	lq45	PROPN
gp-317	26	5	companies	company	NOUN
gp-317	26	6	is	be	AUX
gp-317	26	7	based	base	VERB
gp-317	26	8	on	on	ADP
gp-317	26	9	their	their	PRON
gp-317	26	10	high	high	ADJ
gp-317	26	11	liquidity	liquidity	NOUN
gp-317	26	12	,	,	PUNCT
gp-317	26	13	relatively	relatively	ADV
gp-317	26	14	strong	strong	ADJ
gp-317	26	15	financial	financial	ADJ
gp-317	26	16	performance	performance	NOUN
gp-317	26	17	,	,	PUNCT
gp-317	26	18	and	and	CCONJ
gp-317	26	19	the	the	DET
gp-317	26	20	influence	influence	NOUN
gp-317	26	21	of	of	ADP
gp-317	26	22	monetary	monetary	ADJ
gp-317	26	23	policy	policy	NOUN
gp-317	26	24	,	,	PUNCT
gp-317	26	25	macroeconomic	macroeconomic	ADJ
gp-317	26	26	variables	variable	NOUN
gp-317	26	27	,	,	PUNCT
gp-317	26	28	global	global	ADJ
gp-317	26	29	markets	market	NOUN
gp-317	26	30	,	,	PUNCT
gp-317	26	31	and	and	CCONJ
gp-317	26	32	internal	internal	ADJ
gp-317	26	33	company	company	NOUN
gp-317	26	34	factors	factor	NOUN
gp-317	26	35	on	on	ADP
gp-317	26	36	stock	stock	NOUN
gp-317	26	37	returns	return	NOUN
gp-317	26	38	of	of	ADP
gp-317	26	39	lq45	lq45	PROPN
gp-317	26	40	companies	company	NOUN
gp-317	26	41	on	on	ADP
gp-317	26	42	the	the	DET
gp-317	26	43	indonesian	indonesian	ADJ
gp-317	26	44	stock	stock	PROPN
gp-317	26	45	exchange	exchange	PROPN
gp-317	26	46	1697	1697	NUM
gp-317	26	47	representative	representative	ADJ
gp-317	26	48	role	role	NOUN
gp-317	26	49	in	in	ADP
gp-317	26	50	reflecting	reflect	VERB
gp-317	26	51	overall	overall	ADJ
gp-317	26	52	stock	stock	NOUN
gp-317	26	53	movements	movement	NOUN
gp-317	26	54	.	.	PUNCT
gp-317	27	1	thus	thus	ADV
gp-317	27	2	,	,	PUNCT
gp-317	27	3	analyzing	analyze	VERB
gp-317	27	4	lq45	lq45	PROPN
gp-317	27	5	stock	stock	NOUN
gp-317	27	6	returns	return	NOUN
gp-317	27	7	can	can	AUX
gp-317	27	8	provide	provide	VERB
gp-317	27	9	relevant	relevant	ADJ
gp-317	27	10	,	,	PUNCT
gp-317	27	11	accurate	accurate	ADJ
gp-317	27	12	,	,	PUNCT
gp-317	27	13	and	and	CCONJ
gp-317	27	14	representative	representative	ADJ
gp-317	27	15	insights	insight	NOUN
gp-317	27	16	into	into	ADP
gp-317	27	17	the	the	DET
gp-317	27	18	effects	effect	NOUN
gp-317	27	19	of	of	ADP
gp-317	27	20	economic	economic	ADJ
gp-317	27	21	conditions	condition	NOUN
gp-317	27	22	and	and	CCONJ
gp-317	27	23	internal	internal	ADJ
gp-317	27	24	company	company	NOUN
gp-317	27	25	factors	factor	NOUN
gp-317	27	26	on	on	ADP
gp-317	27	27	stock	stock	NOUN
gp-317	27	28	returns	return	NOUN
gp-317	27	29	in	in	ADP
gp-317	27	30	indonesia	indonesia	PROPN
gp-317	27	31	(	(	PUNCT
gp-317	27	32	wibowo	wibowo	PROPN
gp-317	27	33	et	et	PROPN
gp-317	27	34	al	al	PROPN
gp-317	27	35	.	.	PROPN
gp-317	27	36	,	,	PUNCT
gp-317	27	37	2023	2023	NUM
gp-317	27	38	)	)	PUNCT
gp-317	27	39	.	.	PUNCT
gp-317	28	1	the	the	DET
gp-317	28	2	lq45	lq45	PROPN
gp-317	28	3	index	index	NOUN
gp-317	28	4	is	be	AUX
gp-317	28	5	also	also	ADV
gp-317	28	6	used	use	VERB
gp-317	28	7	to	to	PART
gp-317	28	8	measure	measure	VERB
gp-317	28	9	stock	stock	NOUN
gp-317	28	10	market	market	NOUN
gp-317	28	11	performance	performance	NOUN
gp-317	28	12	on	on	ADP
gp-317	28	13	the	the	DET
gp-317	28	14	idx	idx	PROPN
gp-317	28	15	.	.	PUNCT
gp-317	29	1	investors	investor	NOUN
gp-317	29	2	often	often	ADV
gp-317	29	3	focus	focus	VERB
gp-317	29	4	on	on	ADP
gp-317	29	5	lq45	lq45	PROPN
gp-317	29	6	stocks	stock	NOUN
gp-317	29	7	because	because	SCONJ
gp-317	29	8	they	they	PRON
gp-317	29	9	represent	represent	VERB
gp-317	29	10	leading	lead	VERB
gp-317	29	11	companies	company	NOUN
gp-317	29	12	(	(	PUNCT
gp-317	29	13	nurwulandari	nurwulandari	NOUN
gp-317	29	14	et	et	PROPN
gp-317	29	15	al	al	PROPN
gp-317	29	16	.	.	PROPN
gp-317	29	17	,	,	PUNCT
gp-317	29	18	2020	2020	NUM
gp-317	29	19	)	)	PUNCT
gp-317	29	20	.	.	PUNCT
gp-317	30	1	the	the	DET
gp-317	30	2	idx	idx	NOUN
gp-317	30	3	regularly	regularly	ADV
gp-317	30	4	revises	revise	VERB
gp-317	30	5	the	the	DET
gp-317	30	6	list	list	NOUN
gp-317	30	7	of	of	ADP
gp-317	30	8	lq45	lq45	PROPN
gp-317	30	9	companies	company	NOUN
gp-317	30	10	every	every	DET
gp-317	30	11	six	six	NUM
gp-317	30	12	months	month	NOUN
gp-317	30	13	(	(	PUNCT
gp-317	30	14	mujahidah	mujahidah	PROPN
gp-317	30	15	et	et	PROPN
gp-317	30	16	al	al	PROPN
gp-317	30	17	.	.	PROPN
gp-317	30	18	,	,	PUNCT
gp-317	30	19	2023	2023	NUM
gp-317	30	20	)	)	PUNCT
gp-317	30	21	.	.	PUNCT
gp-317	31	1	shares	share	NOUN
gp-317	31	2	are	be	AUX
gp-317	31	3	automatically	automatically	ADV
gp-317	31	4	replaced	replace	VERB
gp-317	31	5	if	if	SCONJ
gp-317	31	6	they	they	PRON
gp-317	31	7	do	do	AUX
gp-317	31	8	not	not	PART
gp-317	31	9	meet	meet	VERB
gp-317	31	10	the	the	DET
gp-317	31	11	selection	selection	NOUN
gp-317	31	12	criteria	criterion	NOUN
gp-317	31	13	set	set	VERB
gp-317	31	14	by	by	ADP
gp-317	31	15	the	the	DET
gp-317	31	16	idx	idx	PROPN
gp-317	31	17	.	.	PUNCT
gp-317	32	1	therefore	therefore	ADV
gp-317	32	2	,	,	PUNCT
gp-317	32	3	the	the	DET
gp-317	32	4	lq45	lq45	PROPN
gp-317	32	5	index	index	NOUN
gp-317	32	6	serves	serve	VERB
gp-317	32	7	as	as	ADP
gp-317	32	8	an	an	DET
gp-317	32	9	indicator	indicator	NOUN
gp-317	32	10	of	of	ADP
gp-317	32	11	leading	lead	VERB
gp-317	32	12	stock	stock	NOUN
gp-317	32	13	market	market	NOUN
gp-317	32	14	trends	trend	NOUN
gp-317	32	15	by	by	ADP
gp-317	32	16	reflecting	reflect	VERB
gp-317	32	17	the	the	DET
gp-317	32	18	activity	activity	NOUN
gp-317	32	19	of	of	ADP
gp-317	32	20	45	45	NUM
gp-317	32	21	liquid	liquid	ADJ
gp-317	32	22	stocks	stock	NOUN
gp-317	32	23	.	.	PUNCT
gp-317	33	1	capital	capital	NOUN
gp-317	33	2	investment	investment	NOUN
gp-317	33	3	at	at	ADP
gp-317	33	4	a	a	DET
gp-317	33	5	given	give	VERB
gp-317	33	6	value	value	NOUN
gp-317	33	7	for	for	ADP
gp-317	33	8	a	a	DET
gp-317	33	9	set	set	VERB
gp-317	33	10	time	time	NOUN
gp-317	33	11	.	.	PUNCT
gp-317	34	1	the	the	DET
gp-317	34	2	expected	expect	VERB
gp-317	34	3	rate	rate	NOUN
gp-317	34	4	of	of	ADP
gp-317	34	5	return	return	NOUN
gp-317	34	6	is	be	AUX
gp-317	34	7	directly	directly	ADV
gp-317	34	8	proportional	proportional	ADJ
gp-317	34	9	to	to	ADP
gp-317	34	10	the	the	DET
gp-317	34	11	level	level	NOUN
gp-317	34	12	of	of	ADP
gp-317	34	13	risk	risk	NOUN
gp-317	34	14	taken	take	VERB
gp-317	34	15	.	.	PUNCT
gp-317	35	1	investors	investor	NOUN
gp-317	35	2	rely	rely	VERB
gp-317	35	3	on	on	ADP
gp-317	35	4	data	datum	NOUN
gp-317	35	5	and	and	CCONJ
gp-317	35	6	information	information	NOUN
gp-317	35	7	from	from	ADP
gp-317	35	8	companies	company	NOUN
gp-317	35	9	’	'	PUNCT
gp-317	35	10	published	publish	VERB
gp-317	35	11	financial	financial	ADJ
gp-317	35	12	statements	statement	NOUN
gp-317	35	13	to	to	PART
gp-317	35	14	evaluate	evaluate	VERB
gp-317	35	15	and	and	CCONJ
gp-317	35	16	trade	trade	NOUN
gp-317	35	17	between	between	ADP
gp-317	35	18	higher	high	ADJ
gp-317	35	19	-	-	PUNCT
gp-317	35	20	risk	risk	NOUN
gp-317	35	21	and	and	CCONJ
gp-317	35	22	lower	low	ADJ
gp-317	35	23	-	-	PUNCT
gp-317	35	24	risk	risk	NOUN
gp-317	35	25	opportunities	opportunity	NOUN
gp-317	35	26	.	.	PUNCT
gp-317	36	1	hoong	hoong	PROPN
gp-317	36	2	et	et	PROPN
gp-317	36	3	al	al	PROPN
gp-317	36	4	.	.	PROPN
gp-317	37	1	(	(	PUNCT
gp-317	37	2	2023	2023	NUM
gp-317	37	3	)	)	PUNCT
gp-317	37	4	explain	explain	VERB
gp-317	37	5	that	that	SCONJ
gp-317	37	6	the	the	DET
gp-317	37	7	level	level	NOUN
gp-317	37	8	of	of	ADP
gp-317	37	9	return	return	NOUN
gp-317	37	10	depends	depend	VERB
gp-317	37	11	on	on	ADP
gp-317	37	12	the	the	DET
gp-317	37	13	investor	investor	NOUN
gp-317	37	14	’s	’s	PART
gp-317	37	15	tolerance	tolerance	NOUN
gp-317	37	16	for	for	ADP
gp-317	37	17	risk	risk	NOUN
gp-317	37	18	.	.	PUNCT
gp-317	38	1	the	the	PRON
gp-317	38	2	greater	great	ADJ
gp-317	38	3	the	the	DET
gp-317	38	4	risk	risk	NOUN
gp-317	38	5	,	,	PUNCT
gp-317	38	6	the	the	PRON
gp-317	38	7	greater	great	ADJ
gp-317	38	8	the	the	DET
gp-317	38	9	expected	expect	VERB
gp-317	38	10	return	return	NOUN
gp-317	38	11	.	.	PUNCT
gp-317	39	1	stock	stock	NOUN
gp-317	39	2	return	return	NOUN
gp-317	39	3	is	be	AUX
gp-317	39	4	the	the	DET
gp-317	39	5	result	result	NOUN
gp-317	39	6	of	of	ADP
gp-317	39	7	investing	investing	NOUN
gp-317	39	8	,	,	PUNCT
gp-317	39	9	representing	represent	VERB
gp-317	39	10	compensation	compensation	NOUN
gp-317	39	11	for	for	ADP
gp-317	39	12	the	the	DET
gp-317	39	13	invested	invest	VERB
gp-317	39	14	funds	fund	NOUN
gp-317	39	15	and	and	CCONJ
gp-317	39	16	the	the	DET
gp-317	39	17	willingness	willingness	NOUN
gp-317	39	18	to	to	PART
gp-317	39	19	bear	bear	VERB
gp-317	39	20	associated	associated	ADJ
gp-317	39	21	risks	risk	NOUN
gp-317	39	22	.	.	PUNCT
gp-317	40	1	according	accord	VERB
gp-317	40	2	to	to	ADP
gp-317	40	3	garnia	garnia	PROPN
gp-317	40	4	et	et	PROPN
gp-317	40	5	al	al	PROPN
gp-317	40	6	.	.	PROPN
gp-317	41	1	(	(	PUNCT
gp-317	41	2	2024	2024	NUM
gp-317	41	3	)	)	PUNCT
gp-317	41	4	,	,	PUNCT
gp-317	41	5	chiang	chiang	PROPN
gp-317	41	6	et	et	PROPN
gp-317	41	7	al	al	PROPN
gp-317	41	8	.	.	PROPN
gp-317	42	1	(	(	PUNCT
gp-317	42	2	2024	2024	NUM
gp-317	42	3	)	)	PUNCT
gp-317	42	4	,	,	PUNCT
gp-317	42	5	and	and	CCONJ
gp-317	42	6	santini	santini	PROPN
gp-317	42	7	et	et	PROPN
gp-317	42	8	al	al	PROPN
gp-317	42	9	.	.	PROPN
gp-317	43	1	(	(	PUNCT
gp-317	43	2	2025	2025	NUM
gp-317	43	3	)	)	PUNCT
gp-317	43	4	,	,	PUNCT
gp-317	43	5	achieving	achieve	VERB
gp-317	43	6	higher	high	ADJ
gp-317	43	7	returns	return	NOUN
gp-317	43	8	requires	require	VERB
gp-317	43	9	considering	consider	VERB
gp-317	43	10	the	the	DET
gp-317	43	11	risks	risk	NOUN
gp-317	43	12	posed	pose	VERB
gp-317	43	13	by	by	ADP
gp-317	43	14	monetary	monetary	ADJ
gp-317	43	15	policy	policy	NOUN
gp-317	43	16	,	,	PUNCT
gp-317	43	17	macroeconomic	macroeconomic	ADJ
gp-317	43	18	conditions	condition	NOUN
gp-317	43	19	,	,	PUNCT
gp-317	43	20	global	global	ADJ
gp-317	43	21	markets	market	NOUN
gp-317	43	22	,	,	PUNCT
gp-317	43	23	and	and	CCONJ
gp-317	43	24	the	the	DET
gp-317	43	25	financial	financial	ADJ
gp-317	43	26	performance	performance	NOUN
gp-317	43	27	of	of	ADP
gp-317	43	28	companies	company	NOUN
gp-317	43	29	.	.	PUNCT
gp-317	44	1	daud	daud	PROPN
gp-317	44	2	and	and	CCONJ
gp-317	44	3	sihombing	sihombe	VERB
gp-317	44	4	(	(	PUNCT
gp-317	44	5	2022	2022	NUM
gp-317	44	6	)	)	PUNCT
gp-317	44	7	discuss	discuss	VERB
gp-317	44	8	the	the	DET
gp-317	44	9	arbitrage	arbitrage	NOUN
gp-317	44	10	pricing	pricing	NOUN
gp-317	44	11	theory	theory	NOUN
gp-317	44	12	(	(	PUNCT
gp-317	44	13	apt	apt	ADJ
gp-317	44	14	)	)	PUNCT
gp-317	44	15	introduced	introduce	VERB
gp-317	44	16	by	by	ADP
gp-317	44	17	ross	ross	PROPN
gp-317	44	18	(	(	PUNCT
gp-317	44	19	1976	1976	NUM
gp-317	44	20	)	)	PUNCT
gp-317	44	21	.	.	PUNCT
gp-317	45	1	apt	apt	ADJ
gp-317	45	2	explains	explain	VERB
gp-317	45	3	the	the	DET
gp-317	45	4	relationship	relationship	NOUN
gp-317	45	5	between	between	ADP
gp-317	45	6	risk	risk	NOUN
gp-317	45	7	and	and	CCONJ
gp-317	45	8	return	return	VERB
gp-317	45	9	and	and	CCONJ
gp-317	45	10	is	be	AUX
gp-317	45	11	considered	consider	VERB
gp-317	45	12	a	a	DET
gp-317	45	13	more	more	ADV
gp-317	45	14	comprehensive	comprehensive	ADJ
gp-317	45	15	capital	capital	NOUN
gp-317	45	16	market	market	NOUN
gp-317	45	17	equilibrium	equilibrium	NOUN
gp-317	45	18	model	model	NOUN
gp-317	45	19	compared	compare	VERB
gp-317	45	20	to	to	ADP
gp-317	45	21	capital	capital	NOUN
gp-317	45	22	asset	asset	NOUN
gp-317	45	23	pricing	pricing	NOUN
gp-317	45	24	model	model	NOUN
gp-317	45	25	(	(	PUNCT
gp-317	45	26	capm	capm	PROPN
gp-317	45	27	)	)	PUNCT
gp-317	45	28	.	.	PUNCT
gp-317	46	1	unlike	unlike	ADP
gp-317	46	2	capm	capm	PROPN
gp-317	46	3	,	,	PUNCT
gp-317	46	4	which	which	PRON
gp-317	46	5	attributes	attribute	VERB
gp-317	46	6	stock	stock	NOUN
gp-317	46	7	returns	return	NOUN
gp-317	46	8	only	only	ADV
gp-317	46	9	to	to	ADP
gp-317	46	10	systematic	systematic	ADJ
gp-317	46	11	market	market	NOUN
gp-317	46	12	risk	risk	NOUN
gp-317	46	13	,	,	PUNCT
gp-317	46	14	apt	apt	ADJ
gp-317	46	15	suggests	suggest	VERB
gp-317	46	16	that	that	SCONJ
gp-317	46	17	returns	return	NOUN
gp-317	46	18	are	be	AUX
gp-317	46	19	influenced	influence	VERB
gp-317	46	20	by	by	ADP
gp-317	46	21	multiple	multiple	ADJ
gp-317	46	22	factors	factor	NOUN
gp-317	46	23	,	,	PUNCT
gp-317	46	24	including	include	VERB
gp-317	46	25	macroeconomic	macroeconomic	ADJ
gp-317	46	26	variables	variable	NOUN
gp-317	46	27	(	(	PUNCT
gp-317	46	28	inflation	inflation	NOUN
gp-317	46	29	,	,	PUNCT
gp-317	46	30	exchange	exchange	NOUN
gp-317	46	31	rates	rate	NOUN
gp-317	46	32	,	,	PUNCT
gp-317	46	33	interest	interest	NOUN
gp-317	46	34	rates	rate	NOUN
gp-317	46	35	,	,	PUNCT
gp-317	46	36	government	government	NOUN
gp-317	46	37	policies	policy	NOUN
gp-317	46	38	)	)	PUNCT
gp-317	46	39	and	and	CCONJ
gp-317	46	40	internal	internal	ADJ
gp-317	46	41	company	company	NOUN
gp-317	46	42	performance	performance	NOUN
gp-317	46	43	.	.	PUNCT
gp-317	47	1	monetary	monetary	ADJ
gp-317	47	2	policy	policy	NOUN
gp-317	47	3	is	be	AUX
gp-317	47	4	one	one	NUM
gp-317	47	5	of	of	ADP
gp-317	47	6	the	the	DET
gp-317	47	7	key	key	ADJ
gp-317	47	8	risks	risk	NOUN
gp-317	47	9	influencing	influence	VERB
gp-317	47	10	stock	stock	NOUN
gp-317	47	11	performance	performance	NOUN
gp-317	47	12	,	,	PUNCT
gp-317	47	13	particularly	particularly	ADV
gp-317	47	14	via	via	ADP
gp-317	47	15	the	the	DET
gp-317	47	16	bi	bi	NOUN
gp-317	47	17	rate	rate	NOUN
gp-317	47	18	.	.	PUNCT
gp-317	48	1	as	as	ADP
gp-317	48	2	anwar	anwar	PROPN
gp-317	48	3	et	et	PROPN
gp-317	48	4	al	al	PROPN
gp-317	48	5	.	.	PROPN
gp-317	49	1	(	(	PUNCT
gp-317	49	2	2022	2022	NUM
gp-317	49	3	)	)	PUNCT
gp-317	49	4	explain	explain	VERB
gp-317	49	5	,	,	PUNCT
gp-317	49	6	monetary	monetary	ADJ
gp-317	49	7	policy	policy	NOUN
gp-317	49	8	is	be	AUX
gp-317	49	9	an	an	DET
gp-317	49	10	important	important	ADJ
gp-317	49	11	instrument	instrument	NOUN
gp-317	49	12	for	for	ADP
gp-317	49	13	achieving	achieve	VERB
gp-317	49	14	economic	economic	ADJ
gp-317	49	15	stability	stability	NOUN
gp-317	49	16	by	by	ADP
gp-317	49	17	maintaining	maintain	VERB
gp-317	49	18	price	price	NOUN
gp-317	49	19	stability	stability	NOUN
gp-317	49	20	and	and	CCONJ
gp-317	49	21	protecting	protect	VERB
gp-317	49	22	the	the	DET
gp-317	49	23	financial	financial	ADJ
gp-317	49	24	system	system	NOUN
gp-317	49	25	.	.	PUNCT
gp-317	50	1	central	central	ADJ
gp-317	50	2	banks	bank	NOUN
gp-317	50	3	influence	influence	VERB
gp-317	50	4	the	the	DET
gp-317	50	5	real	real	ADJ
gp-317	50	6	economy	economy	NOUN
gp-317	50	7	through	through	ADP
gp-317	50	8	monetary	monetary	ADJ
gp-317	50	9	tools	tool	NOUN
gp-317	50	10	that	that	PRON
gp-317	50	11	directly	directly	ADV
gp-317	50	12	affect	affect	VERB
gp-317	50	13	financial	financial	ADJ
gp-317	50	14	markets	market	NOUN
gp-317	50	15	,	,	PUNCT
gp-317	50	16	including	include	VERB
gp-317	50	17	stocks	stock	NOUN
gp-317	50	18	and	and	CCONJ
gp-317	50	19	bonds	bond	NOUN
gp-317	50	20	.	.	PUNCT
gp-317	51	1	since	since	SCONJ
gp-317	51	2	monetary	monetary	ADJ
gp-317	51	3	policy	policy	NOUN
gp-317	51	4	decisions	decision	NOUN
gp-317	51	5	can	can	AUX
gp-317	51	6	significantly	significantly	ADV
gp-317	51	7	impact	impact	VERB
gp-317	51	8	stock	stock	NOUN
gp-317	51	9	prices	price	NOUN
gp-317	51	10	and	and	CCONJ
gp-317	51	11	returns	return	NOUN
gp-317	51	12	,	,	PUNCT
gp-317	51	13	it	it	PRON
gp-317	51	14	is	be	AUX
gp-317	51	15	critical	critical	ADJ
gp-317	51	16	for	for	SCONJ
gp-317	51	17	the	the	DET
gp-317	51	18	central	central	ADJ
gp-317	51	19	bank	bank	NOUN
gp-317	51	20	to	to	PART
gp-317	51	21	adopt	adopt	VERB
gp-317	51	22	efficient	efficient	ADJ
gp-317	51	23	policies	policy	NOUN
gp-317	51	24	.	.	PUNCT
gp-317	52	1	the	the	DET
gp-317	52	2	stock	stock	NOUN
gp-317	52	3	prices	price	NOUN
gp-317	52	4	in	in	ADP
gp-317	52	5	the	the	DET
gp-317	52	6	lq45	lq45	PROPN
gp-317	52	7	index	index	NOUN
gp-317	52	8	fluctuate	fluctuate	NOUN
gp-317	52	9	rather	rather	ADV
gp-317	52	10	than	than	ADP
gp-317	52	11	continuously	continuously	ADV
gp-317	52	12	increase	increase	VERB
gp-317	52	13	.	.	PUNCT
gp-317	53	1	the	the	DET
gp-317	53	2	highest	high	ADJ
gp-317	53	3	price	price	NOUN
gp-317	53	4	was	be	AUX
gp-317	53	5	1,022.99	1,022.99	NUM
gp-317	53	6	in	in	ADP
gp-317	53	7	2022q1	2022q1	PROPN
gp-317	53	8	,	,	PUNCT
gp-317	53	9	with	with	ADP
gp-317	53	10	a	a	DET
gp-317	53	11	return	return	NOUN
gp-317	53	12	rate	rate	NOUN
gp-317	53	13	of	of	ADP
gp-317	53	14	0.10	0.10	NUM
gp-317	53	15	%	%	NOUN
gp-317	53	16	.	.	PUNCT
gp-317	54	1	by	by	ADP
gp-317	54	2	2024q3	2024q3	NUM
gp-317	54	3	,	,	PUNCT
gp-317	54	4	the	the	DET
gp-317	54	5	index	index	NOUN
gp-317	54	6	had	have	AUX
gp-317	54	7	declined	decline	VERB
gp-317	54	8	to	to	ADP
gp-317	54	9	938.92	938.92	NUM
gp-317	54	10	with	with	ADP
gp-317	54	11	a	a	DET
gp-317	54	12	return	return	NOUN
gp-317	54	13	rate	rate	NOUN
gp-317	54	14	of	of	ADP
gp-317	54	15	0.06	0.06	NUM
gp-317	54	16	%	%	NOUN
gp-317	54	17	.	.	PUNCT
gp-317	55	1	these	these	DET
gp-317	55	2	fluctuations	fluctuation	NOUN
gp-317	55	3	show	show	VERB
gp-317	55	4	that	that	PRON
gp-317	55	5	realized	realize	VERB
gp-317	55	6	stock	stock	NOUN
gp-317	55	7	returns	return	NOUN
gp-317	55	8	often	often	ADV
gp-317	55	9	differ	differ	VERB
gp-317	55	10	from	from	ADP
gp-317	55	11	investor	investor	NOUN
gp-317	55	12	expectations	expectation	NOUN
gp-317	55	13	,	,	PUNCT
gp-317	55	14	highlighting	highlight	VERB
gp-317	55	15	the	the	DET
gp-317	55	16	inherent	inherent	ADJ
gp-317	55	17	uncertainty	uncertainty	NOUN
gp-317	55	18	between	between	ADP
gp-317	55	19	expected	expect	VERB
gp-317	55	20	returns	return	NOUN
gp-317	55	21	and	and	CCONJ
gp-317	55	22	investment	investment	NOUN
gp-317	55	23	risks	risk	NOUN
gp-317	55	24	.	.	PUNCT
gp-317	56	1	stock	stock	NOUN
gp-317	56	2	price	price	NOUN
gp-317	56	3	movements	movement	NOUN
gp-317	56	4	are	be	AUX
gp-317	56	5	affected	affect	VERB
gp-317	56	6	by	by	ADP
gp-317	56	7	multiple	multiple	ADJ
gp-317	56	8	factors	factor	NOUN
gp-317	56	9	.	.	PUNCT
gp-317	57	1	chiang	chiang	PROPN
gp-317	57	2	et	et	PROPN
gp-317	57	3	al	al	PROPN
gp-317	57	4	.	.	PROPN
gp-317	58	1	(	(	PUNCT
gp-317	58	2	2024	2024	NUM
gp-317	58	3	)	)	PUNCT
gp-317	58	4	note	note	NOUN
gp-317	58	5	that	that	SCONJ
gp-317	58	6	returns	return	NOUN
gp-317	58	7	result	result	VERB
gp-317	58	8	from	from	ADP
gp-317	58	9	either	either	CCONJ
gp-317	58	10	capital	capital	NOUN
gp-317	58	11	gains	gain	NOUN
gp-317	58	12	(	(	PUNCT
gp-317	58	13	profits	profit	NOUN
gp-317	58	14	)	)	PUNCT
gp-317	58	15	or	or	CCONJ
gp-317	58	16	capital	capital	NOUN
gp-317	58	17	losses	loss	NOUN
gp-317	58	18	.	.	PUNCT
gp-317	59	1	rising	rise	VERB
gp-317	59	2	stock	stock	NOUN
gp-317	59	3	values	value	NOUN
gp-317	59	4	yield	yield	VERB
gp-317	59	5	capital	capital	NOUN
gp-317	59	6	gains	gain	NOUN
gp-317	59	7	,	,	PUNCT
gp-317	59	8	while	while	SCONJ
gp-317	59	9	falling	fall	VERB
gp-317	59	10	values	value	NOUN
gp-317	59	11	may	may	AUX
gp-317	59	12	result	result	VERB
gp-317	59	13	in	in	ADP
gp-317	59	14	capital	capital	NOUN
gp-317	59	15	losses	loss	NOUN
gp-317	59	16	when	when	SCONJ
gp-317	59	17	shares	share	NOUN
gp-317	59	18	are	be	AUX
gp-317	59	19	sold	sell	VERB
gp-317	59	20	below	below	ADP
gp-317	59	21	their	their	PRON
gp-317	59	22	purchase	purchase	NOUN
gp-317	59	23	price	price	NOUN
gp-317	59	24	.	.	PUNCT
gp-317	60	1	factors	factor	NOUN
gp-317	60	2	influencing	influence	VERB
gp-317	60	3	lq45	lq45	PROPN
gp-317	60	4	stock	stock	NOUN
gp-317	60	5	returns	return	NOUN
gp-317	60	6	include	include	VERB
gp-317	60	7	monetary	monetary	ADJ
gp-317	60	8	policy	policy	NOUN
gp-317	60	9	,	,	PUNCT
gp-317	60	10	macroeconomic	macroeconomic	ADJ
gp-317	60	11	variables	variable	NOUN
gp-317	60	12	,	,	PUNCT
gp-317	60	13	global	global	ADJ
gp-317	60	14	markets	market	NOUN
gp-317	60	15	,	,	PUNCT
gp-317	60	16	and	and	CCONJ
gp-317	60	17	company	company	NOUN
gp-317	60	18	-	-	PUNCT
gp-317	60	19	specific	specific	ADJ
gp-317	60	20	conditions	condition	NOUN
gp-317	60	21	(	(	PUNCT
gp-317	60	22	rahayu	rahayu	PROPN
gp-317	60	23	et	et	PROPN
gp-317	60	24	al	al	PROPN
gp-317	60	25	.	.	PROPN
gp-317	60	26	,	,	PUNCT
gp-317	60	27	2024	2024	NUM
gp-317	60	28	)	)	PUNCT
gp-317	60	29	.	.	PUNCT
gp-317	61	1	for	for	ADP
gp-317	61	2	example	example	NOUN
gp-317	61	3	,	,	PUNCT
gp-317	61	4	interest	interest	NOUN
gp-317	61	5	rate	rate	NOUN
gp-317	61	6	cuts	cut	NOUN
gp-317	61	7	by	by	ADP
gp-317	61	8	the	the	DET
gp-317	61	9	central	central	ADJ
gp-317	61	10	bank	bank	NOUN
gp-317	61	11	typically	typically	ADV
gp-317	61	12	lower	lower	VERB
gp-317	61	13	borrowing	borrowing	NOUN
gp-317	61	14	costs	cost	NOUN
gp-317	61	15	,	,	PUNCT
gp-317	61	16	boosting	boost	VERB
gp-317	61	17	investment	investment	NOUN
gp-317	61	18	and	and	CCONJ
gp-317	61	19	consumption	consumption	NOUN
gp-317	61	20	,	,	PUNCT
gp-317	61	21	which	which	PRON
gp-317	61	22	positively	positively	ADV
gp-317	61	23	impacts	impact	VERB
gp-317	61	24	stock	stock	NOUN
gp-317	61	25	returns	return	NOUN
gp-317	61	26	.	.	PUNCT
gp-317	62	1	conversely	conversely	ADV
gp-317	62	2	,	,	PUNCT
gp-317	62	3	interest	interest	NOUN
gp-317	62	4	rate	rate	NOUN
gp-317	62	5	hikes	hike	NOUN
gp-317	62	6	reduce	reduce	VERB
gp-317	62	7	demand	demand	NOUN
gp-317	62	8	and	and	CCONJ
gp-317	62	9	profitability	profitability	NOUN
gp-317	62	10	,	,	PUNCT
gp-317	62	11	pressuring	pressure	VERB
gp-317	62	12	stock	stock	NOUN
gp-317	62	13	prices	price	NOUN
gp-317	62	14	.	.	PUNCT
gp-317	63	1	inflation	inflation	NOUN
gp-317	63	2	and	and	CCONJ
gp-317	63	3	exchange	exchange	NOUN
gp-317	63	4	rate	rate	NOUN
gp-317	63	5	fluctuations	fluctuation	NOUN
gp-317	63	6	also	also	ADV
gp-317	63	7	have	have	VERB
gp-317	63	8	significant	significant	ADJ
gp-317	63	9	effects	effect	NOUN
gp-317	63	10	.	.	PUNCT
gp-317	64	1	while	while	SCONJ
gp-317	64	2	high	high	ADJ
gp-317	64	3	inflation	inflation	NOUN
gp-317	64	4	can	can	AUX
gp-317	64	5	trigger	trigger	VERB
gp-317	64	6	interest	interest	NOUN
gp-317	64	7	rate	rate	NOUN
gp-317	64	8	increases	increase	NOUN
gp-317	64	9	and	and	CCONJ
gp-317	64	10	reduce	reduce	VERB
gp-317	64	11	returns	return	NOUN
gp-317	64	12	,	,	PUNCT
gp-317	64	13	exchange	exchange	NOUN
gp-317	64	14	rate	rate	NOUN
gp-317	64	15	volatility	volatility	NOUN
gp-317	64	16	affects	affect	VERB
gp-317	64	17	foreign	foreign	ADJ
gp-317	64	18	investment	investment	NOUN
gp-317	64	19	and	and	CCONJ
gp-317	64	20	trade	trade	NOUN
gp-317	64	21	competitiveness	competitiveness	NOUN
gp-317	64	22	(	(	PUNCT
gp-317	64	23	musyoka	musyoka	NOUN
gp-317	64	24	&	&	CCONJ
gp-317	64	25	ocharo	ocharo	PROPN
gp-317	64	26	,	,	PUNCT
gp-317	64	27	2018	2018	NUM
gp-317	64	28	)	)	PUNCT
gp-317	64	29	.	.	PUNCT
gp-317	65	1	the	the	DET
gp-317	65	2	influence	influence	NOUN
gp-317	65	3	of	of	ADP
gp-317	65	4	monetary	monetary	ADJ
gp-317	65	5	policy	policy	NOUN
gp-317	65	6	,	,	PUNCT
gp-317	65	7	macroeconomic	macroeconomic	ADJ
gp-317	65	8	variables	variable	NOUN
gp-317	65	9	,	,	PUNCT
gp-317	65	10	global	global	ADJ
gp-317	65	11	markets	market	NOUN
gp-317	65	12	,	,	PUNCT
gp-317	65	13	and	and	CCONJ
gp-317	65	14	internal	internal	ADJ
gp-317	65	15	company	company	NOUN
gp-317	65	16	factors	factor	NOUN
gp-317	65	17	on	on	ADP
gp-317	65	18	stock	stock	NOUN
gp-317	65	19	returns	return	NOUN
gp-317	65	20	of	of	ADP
gp-317	65	21	lq45	lq45	PROPN
gp-317	65	22	companies	company	NOUN
gp-317	65	23	on	on	ADP
gp-317	65	24	the	the	DET
gp-317	65	25	indonesian	indonesian	ADJ
gp-317	65	26	stock	stock	PROPN
gp-317	65	27	exchange	exchange	PROPN
gp-317	65	28	1698	1698	NUM
gp-317	65	29	exchange	exchange	NOUN
gp-317	65	30	rate	rate	NOUN
gp-317	65	31	movements	movement	NOUN
gp-317	65	32	against	against	ADP
gp-317	65	33	the	the	DET
gp-317	65	34	us	us	PROPN
gp-317	65	35	dollar	dollar	NOUN
gp-317	65	36	,	,	PUNCT
gp-317	65	37	in	in	ADP
gp-317	65	38	particular	particular	ADJ
gp-317	65	39	,	,	PUNCT
gp-317	65	40	play	play	VERB
gp-317	65	41	a	a	DET
gp-317	65	42	key	key	ADJ
gp-317	65	43	role	role	NOUN
gp-317	65	44	in	in	ADP
gp-317	65	45	indonesia	indonesia	PROPN
gp-317	65	46	’s	’s	PART
gp-317	65	47	capital	capital	NOUN
gp-317	65	48	markets	market	NOUN
gp-317	65	49	.	.	PUNCT
gp-317	66	1	the	the	DET
gp-317	66	2	depreciation	depreciation	NOUN
gp-317	66	3	of	of	ADP
gp-317	66	4	the	the	DET
gp-317	66	5	rupiah	rupiah	NOUN
gp-317	66	6	often	often	ADV
gp-317	66	7	drives	drive	VERB
gp-317	66	8	capital	capital	NOUN
gp-317	66	9	outflows	outflow	NOUN
gp-317	66	10	into	into	ADP
gp-317	66	11	more	more	ADV
gp-317	66	12	stable	stable	ADJ
gp-317	66	13	currencies	currency	NOUN
gp-317	66	14	,	,	PUNCT
gp-317	66	15	suppressing	suppress	VERB
gp-317	66	16	stock	stock	NOUN
gp-317	66	17	prices	price	NOUN
gp-317	66	18	.	.	PUNCT
gp-317	67	1	meanwhile	meanwhile	ADV
gp-317	67	2	,	,	PUNCT
gp-317	67	3	global	global	ADJ
gp-317	67	4	factors	factor	NOUN
gp-317	67	5	—	—	PUNCT
gp-317	67	6	especially	especially	ADV
gp-317	67	7	shifts	shift	NOUN
gp-317	67	8	in	in	ADP
gp-317	67	9	the	the	DET
gp-317	67	10	dow	dow	PROPN
gp-317	67	11	jones	jones	PROPN
gp-317	67	12	index	index	PROPN
gp-317	67	13	—	—	PUNCT
gp-317	67	14	can	can	AUX
gp-317	67	15	influence	influence	VERB
gp-317	67	16	indonesian	indonesian	ADJ
gp-317	67	17	stock	stock	NOUN
gp-317	67	18	returns	return	NOUN
gp-317	67	19	indirectly	indirectly	ADV
gp-317	67	20	,	,	PUNCT
gp-317	67	21	as	as	SCONJ
gp-317	67	22	international	international	ADJ
gp-317	67	23	investor	investor	NOUN
gp-317	67	24	sentiment	sentiment	NOUN
gp-317	67	25	and	and	CCONJ
gp-317	67	26	capital	capital	NOUN
gp-317	67	27	flows	flow	NOUN
gp-317	67	28	are	be	AUX
gp-317	67	29	highly	highly	ADV
gp-317	67	30	responsive	responsive	ADJ
gp-317	67	31	to	to	ADP
gp-317	67	32	global	global	ADJ
gp-317	67	33	market	market	NOUN
gp-317	67	34	signals	signal	NOUN
gp-317	67	35	.	.	PUNCT
gp-317	68	1	positive	positive	ADJ
gp-317	68	2	global	global	ADJ
gp-317	68	3	economic	economic	ADJ
gp-317	68	4	indicators	indicator	NOUN
gp-317	68	5	can	can	AUX
gp-317	68	6	raise	raise	VERB
gp-317	68	7	investor	investor	NOUN
gp-317	68	8	confidence	confidence	NOUN
gp-317	68	9	,	,	PUNCT
gp-317	68	10	boost	boost	VERB
gp-317	68	11	stock	stock	NOUN
gp-317	68	12	prices	price	NOUN
gp-317	68	13	,	,	PUNCT
gp-317	68	14	and	and	CCONJ
gp-317	68	15	increase	increase	VERB
gp-317	68	16	returns	return	NOUN
gp-317	68	17	.	.	PUNCT
gp-317	69	1	internal	internal	ADJ
gp-317	69	2	company	company	NOUN
gp-317	69	3	factors	factor	NOUN
gp-317	69	4	also	also	ADV
gp-317	69	5	matter	matter	VERB
gp-317	69	6	significantly	significantly	ADV
gp-317	69	7	.	.	PUNCT
gp-317	70	1	firm	firm	ADJ
gp-317	70	2	size	size	NOUN
gp-317	70	3	,	,	PUNCT
gp-317	70	4	based	base	VERB
gp-317	70	5	on	on	ADP
gp-317	70	6	total	total	ADJ
gp-317	70	7	assets	asset	NOUN
gp-317	70	8	and	and	CCONJ
gp-317	70	9	capital	capital	NOUN
gp-317	70	10	,	,	PUNCT
gp-317	70	11	is	be	AUX
gp-317	70	12	an	an	DET
gp-317	70	13	important	important	ADJ
gp-317	70	14	reference	reference	NOUN
gp-317	70	15	for	for	ADP
gp-317	70	16	investor	investor	NOUN
gp-317	70	17	decisions	decision	NOUN
gp-317	70	18	.	.	PUNCT
gp-317	71	1	understanding	understand	VERB
gp-317	71	2	how	how	SCONJ
gp-317	71	3	firm	firm	ADJ
gp-317	71	4	size	size	NOUN
gp-317	71	5	correlates	correlate	VERB
gp-317	71	6	with	with	ADP
gp-317	71	7	risk	risk	NOUN
gp-317	71	8	and	and	CCONJ
gp-317	71	9	return	return	NOUN
gp-317	71	10	helps	help	VERB
gp-317	71	11	maximize	maximize	VERB
gp-317	71	12	profits	profit	NOUN
gp-317	71	13	and	and	CCONJ
gp-317	71	14	minimize	minimize	VERB
gp-317	71	15	potential	potential	ADJ
gp-317	71	16	losses	loss	NOUN
gp-317	71	17	.	.	PUNCT
gp-317	72	1	financial	financial	ADJ
gp-317	72	2	performance	performance	NOUN
gp-317	72	3	is	be	AUX
gp-317	72	4	another	another	DET
gp-317	72	5	critical	critical	ADJ
gp-317	72	6	determinant	determinant	ADJ
gp-317	72	7	,	,	PUNCT
gp-317	72	8	reflected	reflect	VERB
gp-317	72	9	in	in	ADP
gp-317	72	10	indicators	indicator	NOUN
gp-317	72	11	such	such	ADJ
gp-317	72	12	as	as	ADP
gp-317	72	13	capital	capital	NOUN
gp-317	72	14	adequacy	adequacy	NOUN
gp-317	72	15	,	,	PUNCT
gp-317	72	16	liquidity	liquidity	NOUN
gp-317	72	17	,	,	PUNCT
gp-317	72	18	and	and	CCONJ
gp-317	72	19	profitability	profitability	NOUN
gp-317	72	20	.	.	PUNCT
gp-317	73	1	ratios	ratio	NOUN
gp-317	73	2	including	include	VERB
gp-317	73	3	debt	debt	NOUN
gp-317	73	4	-	-	PUNCT
gp-317	73	5	to	to	ADP
gp-317	73	6	-	-	PUNCT
gp-317	73	7	equity	equity	NOUN
gp-317	73	8	ratio	ratio	NOUN
gp-317	73	9	(	(	PUNCT
gp-317	73	10	der	der	NOUN
gp-317	73	11	)	)	PUNCT
gp-317	73	12	,	,	PUNCT
gp-317	73	13	return	return	VERB
gp-317	73	14	on	on	ADP
gp-317	73	15	assets	asset	NOUN
gp-317	73	16	(	(	PUNCT
gp-317	73	17	roa	roa	NOUN
gp-317	73	18	)	)	PUNCT
gp-317	73	19	,	,	PUNCT
gp-317	73	20	and	and	CCONJ
gp-317	73	21	return	return	VERB
gp-317	73	22	on	on	ADP
gp-317	73	23	equity	equity	NOUN
gp-317	73	24	(	(	PUNCT
gp-317	73	25	roe	roe	NOUN
gp-317	73	26	)	)	PUNCT
gp-317	73	27	measure	measure	NOUN
gp-317	73	28	these	these	DET
gp-317	73	29	aspects	aspect	NOUN
gp-317	73	30	(	(	PUNCT
gp-317	73	31	odhiambo	odhiambo	X
gp-317	73	32	et	et	PROPN
gp-317	73	33	al	al	PROPN
gp-317	73	34	.	.	PROPN
gp-317	73	35	,	,	PUNCT
gp-317	73	36	2025	2025	NUM
gp-317	73	37	)	)	PUNCT
gp-317	73	38	.	.	PUNCT
gp-317	74	1	der	der	NOUN
gp-317	74	2	shows	show	VERB
gp-317	74	3	the	the	DET
gp-317	74	4	debt	debt	NOUN
gp-317	74	5	-	-	PUNCT
gp-317	74	6	to	to	ADP
gp-317	74	7	-	-	PUNCT
gp-317	74	8	equity	equity	NOUN
gp-317	74	9	structure	structure	NOUN
gp-317	74	10	,	,	PUNCT
gp-317	74	11	roa	roa	NOUN
gp-317	74	12	measures	measure	VERB
gp-317	74	13	profitability	profitability	NOUN
gp-317	74	14	relative	relative	ADJ
gp-317	74	15	to	to	ADP
gp-317	74	16	assets	asset	NOUN
gp-317	74	17	,	,	PUNCT
gp-317	74	18	and	and	CCONJ
gp-317	74	19	roe	roe	NOUN
gp-317	74	20	reflects	reflect	VERB
gp-317	74	21	fund	fund	NOUN
gp-317	74	22	utilization	utilization	NOUN
gp-317	74	23	efficiency	efficiency	NOUN
gp-317	74	24	.	.	PUNCT
gp-317	75	1	prior	prior	ADJ
gp-317	75	2	studies	study	NOUN
gp-317	75	3	have	have	AUX
gp-317	75	4	shown	show	VERB
gp-317	75	5	inconsistencies	inconsistency	NOUN
gp-317	75	6	in	in	ADP
gp-317	75	7	how	how	SCONJ
gp-317	75	8	monetary	monetary	ADJ
gp-317	75	9	policy	policy	NOUN
gp-317	75	10	and	and	CCONJ
gp-317	75	11	macroeconomic	macroeconomic	ADJ
gp-317	75	12	factors	factor	NOUN
gp-317	75	13	influence	influence	VERB
gp-317	75	14	stock	stock	NOUN
gp-317	75	15	returns	return	NOUN
gp-317	75	16	,	,	PUNCT
gp-317	75	17	highlighting	highlight	VERB
gp-317	75	18	the	the	DET
gp-317	75	19	need	need	NOUN
gp-317	75	20	for	for	ADP
gp-317	75	21	further	further	ADJ
gp-317	75	22	investigation	investigation	NOUN
gp-317	75	23	.	.	PUNCT
gp-317	76	1	the	the	DET
gp-317	76	2	bi	bi	ADJ
gp-317	76	3	rate	rate	NOUN
gp-317	76	4	,	,	PUNCT
gp-317	76	5	for	for	ADP
gp-317	76	6	instance	instance	NOUN
gp-317	76	7	,	,	PUNCT
gp-317	76	8	can	can	AUX
gp-317	76	9	have	have	VERB
gp-317	76	10	either	either	CCONJ
gp-317	76	11	negative	negative	ADJ
gp-317	76	12	or	or	CCONJ
gp-317	76	13	positive	positive	ADJ
gp-317	76	14	effects	effect	NOUN
gp-317	76	15	.	.	PUNCT
gp-317	77	1	while	while	SCONJ
gp-317	77	2	higher	high	ADJ
gp-317	77	3	bi	bi	ADJ
gp-317	77	4	rates	rate	NOUN
gp-317	77	5	are	be	AUX
gp-317	77	6	often	often	ADV
gp-317	77	7	linked	link	VERB
gp-317	77	8	to	to	ADP
gp-317	77	9	declining	decline	VERB
gp-317	77	10	stock	stock	NOUN
gp-317	77	11	returns	return	NOUN
gp-317	77	12	,	,	PUNCT
gp-317	77	13	in	in	ADP
gp-317	77	14	some	some	DET
gp-317	77	15	cases	case	NOUN
gp-317	77	16	they	they	PRON
gp-317	77	17	may	may	AUX
gp-317	77	18	bolster	bolster	VERB
gp-317	77	19	investor	investor	NOUN
gp-317	77	20	confidence	confidence	NOUN
gp-317	77	21	in	in	ADP
gp-317	77	22	the	the	DET
gp-317	77	23	stability	stability	NOUN
gp-317	77	24	of	of	ADP
gp-317	77	25	investment	investment	NOUN
gp-317	77	26	values	value	NOUN
gp-317	77	27	.	.	PUNCT
gp-317	78	1	inflation	inflation	NOUN
gp-317	78	2	also	also	ADV
gp-317	78	3	exerts	exert	VERB
gp-317	78	4	a	a	DET
gp-317	78	5	mixed	mixed	ADJ
gp-317	78	6	influence	influence	NOUN
gp-317	78	7	:	:	PUNCT
gp-317	78	8	high	high	ADJ
gp-317	78	9	inflation	inflation	NOUN
gp-317	78	10	can	can	AUX
gp-317	78	11	erode	erode	VERB
gp-317	78	12	purchasing	purchasing	NOUN
gp-317	78	13	power	power	NOUN
gp-317	78	14	and	and	CCONJ
gp-317	78	15	raise	raise	VERB
gp-317	78	16	costs	cost	NOUN
gp-317	78	17	,	,	PUNCT
gp-317	78	18	while	while	SCONJ
gp-317	78	19	moderate	moderate	ADJ
gp-317	78	20	inflation	inflation	NOUN
gp-317	78	21	can	can	AUX
gp-317	78	22	reduce	reduce	VERB
gp-317	78	23	input	input	NOUN
gp-317	78	24	costs	cost	NOUN
gp-317	78	25	and	and	CCONJ
gp-317	78	26	improve	improve	VERB
gp-317	78	27	profitability	profitability	NOUN
gp-317	78	28	,	,	PUNCT
gp-317	78	29	thereby	thereby	ADV
gp-317	78	30	raising	raise	VERB
gp-317	78	31	stock	stock	NOUN
gp-317	78	32	values	value	NOUN
gp-317	78	33	.	.	PUNCT
gp-317	79	1	this	this	DET
gp-317	79	2	study	study	NOUN
gp-317	79	3	aims	aim	VERB
gp-317	79	4	to	to	PART
gp-317	79	5	analyze	analyze	VERB
gp-317	79	6	the	the	DET
gp-317	79	7	impact	impact	NOUN
gp-317	79	8	of	of	ADP
gp-317	79	9	multiple	multiple	ADJ
gp-317	79	10	factors	factor	NOUN
gp-317	79	11	—	—	PUNCT
gp-317	79	12	including	include	VERB
gp-317	79	13	the	the	DET
gp-317	79	14	bi	bi	ADJ
gp-317	79	15	rate	rate	NOUN
gp-317	79	16	,	,	PUNCT
gp-317	79	17	inflation	inflation	NOUN
gp-317	79	18	,	,	PUNCT
gp-317	79	19	exchange	exchange	NOUN
gp-317	79	20	rate	rate	NOUN
gp-317	79	21	movements	movement	NOUN
gp-317	79	22	,	,	PUNCT
gp-317	79	23	and	and	CCONJ
gp-317	79	24	internal	internal	ADJ
gp-317	79	25	corporate	corporate	ADJ
gp-317	79	26	factors	factor	NOUN
gp-317	79	27	—	—	PUNCT
gp-317	79	28	on	on	ADP
gp-317	79	29	the	the	DET
gp-317	79	30	returns	return	NOUN
gp-317	79	31	of	of	ADP
gp-317	79	32	lq45	lq45	PROPN
gp-317	79	33	companies	company	NOUN
gp-317	79	34	listed	list	VERB
gp-317	79	35	on	on	ADP
gp-317	79	36	the	the	DET
gp-317	79	37	idx	idx	NOUN
gp-317	79	38	.	.	PUNCT
gp-317	80	1	by	by	ADP
gp-317	80	2	better	well	ADJ
gp-317	80	3	understanding	understand	VERB
gp-317	80	4	these	these	DET
gp-317	80	5	interactions	interaction	NOUN
gp-317	80	6	,	,	PUNCT
gp-317	80	7	this	this	DET
gp-317	80	8	research	research	NOUN
gp-317	80	9	seeks	seek	VERB
gp-317	80	10	to	to	PART
gp-317	80	11	provide	provide	VERB
gp-317	80	12	practical	practical	ADJ
gp-317	80	13	insights	insight	NOUN
gp-317	80	14	for	for	ADP
gp-317	80	15	investors	investor	NOUN
gp-317	80	16	and	and	CCONJ
gp-317	80	17	policymakers	policymaker	NOUN
gp-317	80	18	in	in	ADP
gp-317	80	19	developing	develop	VERB
gp-317	80	20	more	more	ADV
gp-317	80	21	effective	effective	ADJ
gp-317	80	22	investment	investment	NOUN
gp-317	80	23	strategies	strategy	NOUN
gp-317	80	24	.	.	PUNCT
gp-317	81	1	it	it	PRON
gp-317	81	2	is	be	AUX
gp-317	81	3	also	also	ADV
gp-317	81	4	expected	expect	VERB
gp-317	81	5	to	to	PART
gp-317	81	6	contribute	contribute	VERB
gp-317	81	7	both	both	CCONJ
gp-317	81	8	academically	academically	ADV
gp-317	81	9	and	and	CCONJ
gp-317	81	10	practically	practically	ADV
gp-317	81	11	,	,	PUNCT
gp-317	81	12	advancing	advance	VERB
gp-317	81	13	economic	economic	ADJ
gp-317	81	14	research	research	NOUN
gp-317	81	15	and	and	CCONJ
gp-317	81	16	serving	serve	VERB
gp-317	81	17	as	as	ADP
gp-317	81	18	a	a	DET
gp-317	81	19	valuable	valuable	ADJ
gp-317	81	20	reference	reference	NOUN
gp-317	81	21	for	for	ADP
gp-317	81	22	investors	investor	NOUN
gp-317	81	23	’	'	PUNCT
gp-317	81	24	decisionmaking	decisionmake	VERB
gp-317	81	25	processes	process	NOUN
gp-317	81	26	.	.	PUNCT
gp-317	82	1	method	method	VERB
gp-317	82	2	this	this	DET
gp-317	82	3	research	research	NOUN
gp-317	82	4	employed	employ	VERB
gp-317	82	5	a	a	DET
gp-317	82	6	descriptive	descriptive	ADJ
gp-317	82	7	design	design	NOUN
gp-317	82	8	with	with	ADP
gp-317	82	9	a	a	DET
gp-317	82	10	quantitative	quantitative	ADJ
gp-317	82	11	approach	approach	NOUN
gp-317	82	12	.	.	PUNCT
gp-317	83	1	the	the	DET
gp-317	83	2	study	study	NOUN
gp-317	83	3	focused	focus	VERB
gp-317	83	4	on	on	ADP
gp-317	83	5	the	the	DET
gp-317	83	6	activities	activity	NOUN
gp-317	83	7	of	of	ADP
gp-317	83	8	lq45	lq45	PROPN
gp-317	83	9	companies	company	NOUN
gp-317	83	10	listed	list	VERB
gp-317	83	11	on	on	ADP
gp-317	83	12	the	the	DET
gp-317	83	13	indonesia	indonesia	PROPN
gp-317	83	14	stock	stock	PROPN
gp-317	83	15	exchange	exchange	PROPN
gp-317	83	16	(	(	PUNCT
gp-317	83	17	idx	idx	PROPN
gp-317	83	18	)	)	PUNCT
gp-317	83	19	.	.	PUNCT
gp-317	84	1	based	base	VERB
gp-317	84	2	on	on	ADP
gp-317	84	3	its	its	PRON
gp-317	84	4	objectives	objective	NOUN
gp-317	84	5	,	,	PUNCT
gp-317	84	6	the	the	DET
gp-317	84	7	research	research	NOUN
gp-317	84	8	used	use	VERB
gp-317	84	9	quantitative	quantitative	ADJ
gp-317	84	10	data	datum	NOUN
gp-317	84	11	in	in	ADP
gp-317	84	12	the	the	DET
gp-317	84	13	form	form	NOUN
gp-317	84	14	of	of	ADP
gp-317	84	15	dynamic	dynamic	ADJ
gp-317	84	16	panel	panel	NOUN
gp-317	84	17	data	datum	NOUN
gp-317	84	18	,	,	PUNCT
gp-317	84	19	combining	combine	VERB
gp-317	84	20	time	time	NOUN
gp-317	84	21	series	series	NOUN
gp-317	84	22	and	and	CCONJ
gp-317	84	23	cross	cross	ADJ
gp-317	84	24	-	-	ADJ
gp-317	84	25	sectional	sectional	ADJ
gp-317	84	26	data	datum	NOUN
gp-317	84	27	.	.	PUNCT
gp-317	85	1	secondary	secondary	ADJ
gp-317	85	2	data	datum	NOUN
gp-317	85	3	were	be	AUX
gp-317	85	4	utilized	utilize	VERB
gp-317	85	5	,	,	PUNCT
gp-317	85	6	obtained	obtain	VERB
gp-317	85	7	through	through	ADP
gp-317	85	8	literature	literature	NOUN
gp-317	85	9	reviews	review	NOUN
gp-317	85	10	,	,	PUNCT
gp-317	85	11	journals	journal	NOUN
gp-317	85	12	,	,	PUNCT
gp-317	85	13	online	online	ADJ
gp-317	85	14	publications	publication	NOUN
gp-317	85	15	,	,	PUNCT
gp-317	85	16	and	and	CCONJ
gp-317	85	17	official	official	ADJ
gp-317	85	18	databases	database	NOUN
gp-317	85	19	,	,	PUNCT
gp-317	85	20	including	include	VERB
gp-317	85	21	those	those	PRON
gp-317	85	22	from	from	ADP
gp-317	85	23	bank	bank	PROPN
gp-317	85	24	indonesia	indonesia	PROPN
gp-317	85	25	,	,	PUNCT
gp-317	85	26	the	the	DET
gp-317	85	27	idx	idx	PROPN
gp-317	85	28	,	,	PUNCT
gp-317	85	29	and	and	CCONJ
gp-317	85	30	quarterly	quarterly	ADJ
gp-317	85	31	financial	financial	ADJ
gp-317	85	32	reports	report	NOUN
gp-317	85	33	of	of	ADP
gp-317	85	34	companies	company	NOUN
gp-317	85	35	.	.	PUNCT
gp-317	86	1	the	the	DET
gp-317	86	2	study	study	NOUN
gp-317	86	3	covered	cover	VERB
gp-317	86	4	lq45	lq45	PROPN
gp-317	86	5	companies	company	NOUN
gp-317	86	6	listed	list	VERB
gp-317	86	7	on	on	ADP
gp-317	86	8	the	the	DET
gp-317	86	9	idx	idx	NOUN
gp-317	86	10	during	during	ADP
gp-317	86	11	the	the	DET
gp-317	86	12	period	period	NOUN
gp-317	86	13	2020q1–2024q3	2020q1–2024q3	NUM
gp-317	86	14	.	.	PUNCT
gp-317	87	1	result	result	NOUN
gp-317	87	2	and	and	CCONJ
gp-317	87	3	discussion	discussion	NOUN
gp-317	87	4	results	result	NOUN
gp-317	87	5	of	of	ADP
gp-317	87	6	multiple	multiple	ADJ
gp-317	87	7	regression	regression	NOUN
gp-317	87	8	test	test	NOUN
gp-317	87	9	of	of	ADP
gp-317	87	10	ordinary	ordinary	ADJ
gp-317	87	11	least	least	ADJ
gp-317	87	12	square	square	ADJ
gp-317	87	13	panel	panel	NOUN
gp-317	87	14	table	table	NOUN
gp-317	87	15	1	1	NUM
gp-317	87	16	.	.	PUNCT
gp-317	87	17	pols	pol	NOUN
gp-317	87	18	estimation	estimation	NOUN
gp-317	87	19	result	result	VERB
gp-317	87	20	variable	variable	ADJ
gp-317	87	21	dependent	dependent	ADJ
gp-317	87	22	variable	variable	NOUN
gp-317	87	23	:	:	PUNCT
gp-317	87	24	stock	stock	NOUN
gp-317	87	25	return	return	NOUN
gp-317	87	26	(	(	PUNCT
gp-317	87	27	sr	sr	PROPN
gp-317	87	28	)	)	PUNCT
gp-317	87	29	model	model	NOUN
gp-317	87	30	1	1	NUM
gp-317	87	31	model	model	NOUN
gp-317	87	32	2	2	NUM
gp-317	87	33	model	model	NOUN
gp-317	87	34	3	3	NUM
gp-317	87	35	model	model	NOUN
gp-317	87	36	4	4	NUM
gp-317	87	37	sr	sr	PROPN
gp-317	87	38	(	(	PUNCT
gp-317	87	39	-1	-1	INTJ
gp-317	87	40	)	)	PUNCT
gp-317	87	41	-0.1265	-0.1265	NOUN
gp-317	88	1	*	*	PUNCT
gp-317	88	2	*	*	PUNCT
gp-317	88	3	*	*	PUNCT
gp-317	88	4	(	(	PUNCT
gp-317	88	5	0.0430	0.0430	NUM
gp-317	88	6	)	)	PUNCT
gp-317	88	7	0.1627	0.1627	NOUN
gp-317	88	8	*	*	PUNCT
gp-317	88	9	*	*	PUNCT
gp-317	88	10	*	*	PUNCT
gp-317	88	11	(	(	PUNCT
gp-317	88	12	0.0429	0.0429	NUM
gp-317	88	13	)	)	PUNCT
gp-317	88	14	-0.1597	-0.1597	NOUN
gp-317	89	1	*	*	PUNCT
gp-317	89	2	*	*	PUNCT
gp-317	89	3	*	*	PUNCT
gp-317	89	4	(	(	PUNCT
gp-317	89	5	0.0427	0.0427	NUM
gp-317	89	6	)	)	PUNCT
gp-317	89	7	-0.1386	-0.1386	NOUN
gp-317	90	1	*	*	PUNCT
gp-317	91	1	*	*	PUNCT
gp-317	91	2	*	*	PUNCT
gp-317	91	3	(	(	PUNCT
gp-317	91	4	0.0434	0.0434	NUM
gp-317	91	5	)	)	PUNCT
gp-317	91	6	the	the	DET
gp-317	91	7	influence	influence	NOUN
gp-317	91	8	of	of	ADP
gp-317	91	9	monetary	monetary	ADJ
gp-317	91	10	policy	policy	NOUN
gp-317	91	11	,	,	PUNCT
gp-317	91	12	macroeconomic	macroeconomic	ADJ
gp-317	91	13	variables	variable	NOUN
gp-317	91	14	,	,	PUNCT
gp-317	91	15	global	global	ADJ
gp-317	91	16	markets	market	NOUN
gp-317	91	17	,	,	PUNCT
gp-317	91	18	and	and	CCONJ
gp-317	91	19	internal	internal	ADJ
gp-317	91	20	company	company	NOUN
gp-317	91	21	factors	factor	NOUN
gp-317	91	22	on	on	ADP
gp-317	91	23	stock	stock	NOUN
gp-317	91	24	returns	return	NOUN
gp-317	91	25	of	of	ADP
gp-317	91	26	lq45	lq45	PROPN
gp-317	91	27	companies	company	NOUN
gp-317	91	28	on	on	ADP
gp-317	91	29	the	the	DET
gp-317	91	30	indonesian	indonesian	ADJ
gp-317	91	31	stock	stock	PROPN
gp-317	91	32	exchange	exchange	PROPN
gp-317	91	33	1699	1699	NUM
gp-317	91	34	variable	variable	ADJ
gp-317	91	35	dependent	dependent	ADJ
gp-317	91	36	variable	variable	NOUN
gp-317	91	37	:	:	PUNCT
gp-317	91	38	stock	stock	NOUN
gp-317	91	39	return	return	NOUN
gp-317	91	40	(	(	PUNCT
gp-317	91	41	sr	sr	PROPN
gp-317	91	42	)	)	PUNCT
gp-317	91	43	model	model	NOUN
gp-317	91	44	1	1	NUM
gp-317	91	45	model	model	NOUN
gp-317	91	46	2	2	NUM
gp-317	91	47	model	model	NOUN
gp-317	91	48	3	3	NUM
gp-317	91	49	model	model	NOUN
gp-317	91	50	4	4	NUM
gp-317	91	51	a	a	DET
gp-317	91	52	0.0178	0.0178	NUM
gp-317	91	53	(	(	PUNCT
gp-317	91	54	0.0140	0.0140	NUM
gp-317	91	55	)	)	PUNCT
gp-317	91	56	-0.0172	-0.0172	NOUN
gp-317	91	57	*	*	PUNCT
gp-317	91	58	(	(	PUNCT
gp-317	91	59	0.0102	0.0102	NUM
gp-317	91	60	)	)	PUNCT
gp-317	91	61	-0.173	-0.173	PROPN
gp-317	91	62	*	*	PUNCT
gp-317	91	63	(	(	PUNCT
gp-317	91	64	0.0102	0.0102	NUM
gp-317	91	65	)	)	PUNCT
gp-317	91	66	0.0173	0.0173	NUM
gp-317	91	67	(	(	PUNCT
gp-317	91	68	0.0140	0.0140	NUM
gp-317	91	69	)	)	PUNCT
gp-317	91	70	inf	inf	NOUN
gp-317	91	71	-0.0142	-0.0142	NOUN
gp-317	91	72	*	*	PUNCT
gp-317	91	73	*	*	PUNCT
gp-317	91	74	(	(	PUNCT
gp-317	91	75	0.0067	0.0067	NUM
gp-317	91	76	)	)	PUNCT
gp-317	91	77	-0.0131	-0.0131	NOUN
gp-317	91	78	*	*	PUNCT
gp-317	91	79	(	(	PUNCT
gp-317	91	80	0.0067	0.0067	NUM
gp-317	91	81	)	)	PUNCT
gp-317	91	82	exr	exr	NOUN
gp-317	91	83	-0.0001	-0.0001	NOUN
gp-317	92	1	*	*	PUNCT
gp-317	92	2	*	*	PUNCT
gp-317	92	3	*	*	PUNCT
gp-317	92	4	(	(	PUNCT
gp-317	92	5	0.000	0.000	NUM
gp-317	92	6	)	)	PUNCT
gp-317	92	7	-0.0001	-0.0001	NOUN
gp-317	93	1	*	*	PUNCT
gp-317	93	2	*	*	PUNCT
gp-317	93	3	*	*	PUNCT
gp-317	93	4	(	(	PUNCT
gp-317	93	5	0.0000	0.0000	NUM
gp-317	93	6	)	)	PUNCT
gp-317	93	7	dj	dj	NOUN
gp-317	93	8	-5.7000	-5.7000	NOUN
gp-317	93	9	*	*	PUNCT
gp-317	94	1	*	*	PUNCT
gp-317	94	2	(	(	PUNCT
gp-317	94	3	2.4200	2.4200	NUM
gp-317	94	4	)	)	PUNCT
gp-317	94	5	-7.7800	-7.7800	NOUN
gp-317	94	6	*	*	PUNCT
gp-317	94	7	*	*	PUNCT
gp-317	94	8	*	*	PUNCT
gp-317	94	9	(	(	PUNCT
gp-317	94	10	2.6500	2.6500	NUM
gp-317	94	11	)	)	PUNCT
gp-317	94	12	-7.7600	-7.7600	NOUN
gp-317	94	13	*	*	PUNCT
gp-317	94	14	*	*	PUNCT
gp-317	94	15	*	*	PUNCT
gp-317	94	16	(	(	PUNCT
gp-317	94	17	2.6500	2.6500	NUM
gp-317	94	18	)	)	PUNCT
gp-317	94	19	-5.3600	-5.3600	NOUN
gp-317	94	20	*	*	PUNCT
gp-317	95	1	*	*	PUNCT
gp-317	95	2	*	*	PUNCT
gp-317	95	3	(	(	PUNCT
gp-317	95	4	2.4200	2.4200	NUM
gp-317	95	5	)	)	PUNCT
gp-317	95	6	size	size	NOUN
gp-317	95	7	0.0042	0.0042	NUM
gp-317	95	8	(	(	PUNCT
gp-317	95	9	0.0073	0.0073	NUM
gp-317	95	10	)	)	PUNCT
gp-317	95	11	0.0058	0.0058	NUM
gp-317	95	12	(	(	PUNCT
gp-317	95	13	0.0078	0.0078	NUM
gp-317	95	14	)	)	PUNCT
gp-317	95	15	0.0029	0.0029	NUM
gp-317	95	16	(	(	PUNCT
gp-317	95	17	0.0078	0.0078	NUM
gp-317	95	18	)	)	PUNCT
gp-317	95	19	0.0040	0.0040	NUM
gp-317	95	20	(	(	PUNCT
gp-317	95	21	0.0076	0.0076	NUM
gp-317	95	22	)	)	PUNCT
gp-317	95	23	the	the	DET
gp-317	95	24	-0.0000	-0.0000	X
gp-317	95	25	(	(	PUNCT
gp-317	95	26	0.0031	0.0031	NUM
gp-317	95	27	)	)	PUNCT
gp-317	95	28	-0.0000	-0.0000	NOUN
gp-317	95	29	(	(	PUNCT
gp-317	95	30	0.0032	0.0032	NUM
gp-317	95	31	)	)	PUNCT
gp-317	95	32	0.0002	0.0002	NUM
gp-317	95	33	(	(	PUNCT
gp-317	95	34	0.0032	0.0032	NUM
gp-317	95	35	)	)	PUNCT
gp-317	95	36	0.0029	0.0029	NUM
gp-317	95	37	(	(	PUNCT
gp-317	95	38	0.0034	0.0034	NUM
gp-317	95	39	)	)	PUNCT
gp-317	95	40	length	length	NOUN
gp-317	95	41	0.1011	0.1011	NUM
gp-317	95	42	(	(	PUNCT
gp-317	95	43	0.1538	0.1538	NUM
gp-317	95	44	)	)	PUNCT
gp-317	95	45	0.5244	0.5244	NUM
gp-317	96	1	*	*	PUNCT
gp-317	96	2	*	*	PUNCT
gp-317	96	3	(	(	PUNCT
gp-317	96	4	0.2622	0.2622	NUM
gp-317	96	5	)	)	PUNCT
gp-317	96	6	roe	roe	NOUN
gp-317	96	7	-0.0371	-0.0371	PROPN
gp-317	96	8	(	(	PUNCT
gp-317	96	9	0.0510	0.0510	NUM
gp-317	96	10	)	)	PUNCT
gp-317	96	11	-0.1815	-0.1815	NOUN
gp-317	97	1	*	*	PUNCT
gp-317	97	2	*	*	PUNCT
gp-317	97	3	(	(	PUNCT
gp-317	97	4	0.0867	0.0867	NUM
gp-317	97	5	)	)	PUNCT
gp-317	97	6	c	c	NOUN
gp-317	97	7	1.5007	1.5007	NUM
gp-317	97	8	*	*	PUNCT
gp-317	97	9	*	*	PUNCT
gp-317	97	10	*	*	PUNCT
gp-317	97	11	(	(	PUNCT
gp-317	97	12	0.3249	0.3249	NUM
gp-317	97	13	)	)	PUNCT
gp-317	97	14	0.3106	0.3106	NUM
gp-317	98	1	*	*	PUNCT
gp-317	98	2	*	*	PUNCT
gp-317	98	3	(	(	PUNCT
gp-317	98	4	0.1538	0.1538	NUM
gp-317	98	5	)	)	PUNCT
gp-317	98	6	0.3681	0.3681	NUM
gp-317	99	1	*	*	PUNCT
gp-317	99	2	*	*	PUNCT
gp-317	99	3	(	(	PUNCT
gp-317	99	4	0.1522	0.1522	NUM
gp-317	99	5	)	)	PUNCT
gp-317	100	1	1.4848	1.4848	NUM
gp-317	100	2	*	*	PUNCT
gp-317	100	3	*	*	PUNCT
gp-317	100	4	*	*	PUNCT
gp-317	100	5	(	(	PUNCT
gp-317	100	6	0.3259	0.3259	NUM
gp-317	100	7	)	)	PUNCT
gp-317	100	8	r2	r2	NOUN
gp-317	100	9	0.1166	0.1166	NUM
gp-317	100	10	0.0918	0.0918	NUM
gp-317	100	11	0.0920	0.0920	NUM
gp-317	100	12	0.1258	0.1258	NUM
gp-317	100	13	no	no	INTJ
gp-317	100	14	.	.	PUNCT
gp-317	101	1	of	of	ADP
gp-317	101	2	cross	cross	NOUN
gp-317	101	3	-	-	NOUN
gp-317	101	4	section	section	ADJ
gp-317	101	5	25	25	NUM
gp-317	101	6	25	25	NUM
gp-317	101	7	25	25	NUM
gp-317	101	8	25	25	NUM
gp-317	101	9	no	no	NOUN
gp-317	101	10	.	.	PUNCT
gp-317	102	1	of	of	ADP
gp-317	102	2	observation	observation	NOUN
gp-317	102	3	450	450	NUM
gp-317	102	4	450	450	NUM
gp-317	102	5	450	450	NUM
gp-317	102	6	450	450	NUM
gp-317	102	7	note	note	NOUN
gp-317	102	8	:	:	PUNCT
gp-317	102	9	symbols	symbol	NOUN
gp-317	102	10	*	*	PUNCT
gp-317	102	11	is	be	AUX
gp-317	102	12	prob	prob	ADJ
gp-317	102	13	.	.	PUNCT
gp-317	103	1	<	<	X
gp-317	103	2	10	10	NUM
gp-317	103	3	%	%	NOUN
gp-317	103	4	,	,	PUNCT
gp-317	103	5	*	*	PUNCT
gp-317	103	6	*	*	PUNCT
gp-317	103	7	is	be	AUX
gp-317	103	8	prob	prob	ADJ
gp-317	103	9	.	.	PUNCT
gp-317	104	1	<	<	X
gp-317	104	2	5	5	NUM
gp-317	104	3	%	%	NOUN
gp-317	104	4	,	,	PUNCT
gp-317	104	5	and	and	CCONJ
gp-317	104	6	*	*	PUNCT
gp-317	105	1	*	*	PUNCT
gp-317	105	2	*	*	PUNCT
gp-317	105	3	is	be	AUX
gp-317	105	4	prob	prob	ADJ
gp-317	105	5	.	.	PUNCT
gp-317	106	1	<	<	X
gp-317	106	2	1	1	NUM
gp-317	106	3	%	%	NOUN
gp-317	106	4	.	.	PUNCT
gp-317	107	1	the	the	DET
gp-317	107	2	table	table	NOUN
gp-317	107	3	above	above	ADV
gp-317	107	4	shows	show	VERB
gp-317	107	5	the	the	DET
gp-317	107	6	results	result	NOUN
gp-317	107	7	of	of	ADP
gp-317	107	8	the	the	DET
gp-317	107	9	estimation	estimation	NOUN
gp-317	107	10	using	use	VERB
gp-317	107	11	the	the	DET
gp-317	107	12	pols	pol	NOUN
gp-317	107	13	estimation	estimation	NOUN
gp-317	107	14	method	method	NOUN
gp-317	107	15	model	model	NOUN
gp-317	107	16	1	1	NUM
gp-317	107	17	in	in	ADP
gp-317	107	18	this	this	DET
gp-317	107	19	model	model	NOUN
gp-317	107	20	,	,	PUNCT
gp-317	107	21	only	only	ADV
gp-317	107	22	one	one	NUM
gp-317	107	23	dependent	dependent	ADJ
gp-317	107	24	variable	variable	NOUN
gp-317	107	25	is	be	AUX
gp-317	107	26	used	use	VERB
gp-317	107	27	,	,	PUNCT
gp-317	107	28	which	which	PRON
gp-317	107	29	is	be	AUX
gp-317	107	30	"	"	PUNCT
gp-317	107	31	sr	sr	PROPN
gp-317	107	32	"	"	PUNCT
gp-317	107	33	which	which	PRON
gp-317	107	34	is	be	AUX
gp-317	107	35	the	the	DET
gp-317	107	36	value	value	NOUN
gp-317	107	37	of	of	ADP
gp-317	107	38	"	"	PUNCT
gp-317	107	39	stock	stock	NOUN
gp-317	107	40	return	return	NOUN
gp-317	107	41	"	"	PUNCT
gp-317	107	42	.	.	PUNCT
gp-317	108	1	it	it	PRON
gp-317	108	2	can	can	AUX
gp-317	108	3	be	be	AUX
gp-317	108	4	known	know	VERB
gp-317	108	5	that	that	SCONJ
gp-317	108	6	the	the	DET
gp-317	108	7	coefficient	coefficient	NOUN
gp-317	108	8	of	of	ADP
gp-317	108	9	stock	stock	NOUN
gp-317	108	10	return	return	NOUN
gp-317	108	11	(	(	PUNCT
gp-317	108	12	sr	sr	PROPN
gp-317	108	13	)	)	PUNCT
gp-317	108	14	is	be	AUX
gp-317	108	15	-0.1265	-0.1265	NOUN
gp-317	108	16	which	which	PRON
gp-317	108	17	indicates	indicate	VERB
gp-317	108	18	that	that	SCONJ
gp-317	108	19	this	this	DET
gp-317	108	20	coefficient	coefficient	NOUN
gp-317	108	21	is	be	AUX
gp-317	108	22	statistically	statistically	ADV
gp-317	108	23	significant	significant	ADJ
gp-317	108	24	.	.	PUNCT
gp-317	109	1	this	this	PRON
gp-317	109	2	means	mean	VERB
gp-317	109	3	that	that	SCONJ
gp-317	109	4	any	any	DET
gp-317	109	5	1	1	NUM
gp-317	109	6	percent	percent	NOUN
gp-317	109	7	increase	increase	NOUN
gp-317	109	8	in	in	ADP
gp-317	109	9	stock	stock	NOUN
gp-317	109	10	return	return	NOUN
gp-317	109	11	in	in	ADP
gp-317	109	12	the	the	DET
gp-317	109	13	previous	previous	ADJ
gp-317	109	14	period	period	NOUN
gp-317	109	15	will	will	AUX
gp-317	109	16	result	result	VERB
gp-317	109	17	in	in	ADP
gp-317	109	18	a	a	DET
gp-317	109	19	decrease	decrease	NOUN
gp-317	109	20	of	of	ADP
gp-317	109	21	-0.1265	-0.1265	NOUN
gp-317	109	22	%	%	NOUN
gp-317	109	23	in	in	ADP
gp-317	109	24	the	the	DET
gp-317	109	25	current	current	ADJ
gp-317	109	26	period	period	NOUN
gp-317	109	27	.	.	PUNCT
gp-317	110	1	the	the	DET
gp-317	110	2	bir	bir	PROPN
gp-317	110	3	coefficient	coefficient	NOUN
gp-317	110	4	is	be	AUX
gp-317	110	5	0.0178	0.0178	NUM
gp-317	110	6	,	,	PUNCT
gp-317	110	7	which	which	PRON
gp-317	110	8	means	mean	VERB
gp-317	110	9	that	that	SCONJ
gp-317	110	10	if	if	SCONJ
gp-317	110	11	there	there	PRON
gp-317	110	12	is	be	VERB
gp-317	110	13	an	an	DET
gp-317	110	14	increase	increase	NOUN
gp-317	110	15	in	in	ADP
gp-317	110	16	stock	stock	NOUN
gp-317	110	17	a	a	DET
gp-317	110	18	return	return	NOUN
gp-317	110	19	of	of	ADP
gp-317	110	20	1	1	NUM
gp-317	110	21	%	%	NOUN
gp-317	110	22	of	of	ADP
gp-317	110	23	the	the	DET
gp-317	110	24	research	research	NOUN
gp-317	110	25	will	will	AUX
gp-317	110	26	increase	increase	VERB
gp-317	110	27	in	in	ADP
gp-317	110	28	bir	bir	NOUN
gp-317	110	29	by	by	ADP
gp-317	110	30	0.0178	0.0178	NUM
gp-317	110	31	%	%	NOUN
gp-317	110	32	.	.	PUNCT
gp-317	111	1	the	the	DET
gp-317	111	2	exr	exr	PROPN
gp-317	111	3	coefficient	coefficient	NOUN
gp-317	111	4	is	be	AUX
gp-317	111	5	-0.0001	-0.0001	NOUN
gp-317	111	6	,	,	PUNCT
gp-317	111	7	meaning	mean	VERB
gp-317	111	8	that	that	SCONJ
gp-317	111	9	if	if	SCONJ
gp-317	111	10	there	there	PRON
gp-317	111	11	is	be	VERB
gp-317	111	12	an	an	DET
gp-317	111	13	increase	increase	NOUN
gp-317	111	14	in	in	ADP
gp-317	111	15	stock	stock	NOUN
gp-317	111	16	return	return	NOUN
gp-317	111	17	by	by	ADP
gp-317	111	18	1	1	NUM
gp-317	111	19	%	%	NOUN
gp-317	111	20	,	,	PUNCT
gp-317	111	21	the	the	DET
gp-317	111	22	study	study	NOUN
gp-317	111	23	will	will	AUX
gp-317	111	24	reduce	reduce	VERB
gp-317	111	25	the	the	DET
gp-317	111	26	exr	exr	NOUN
gp-317	111	27	by	by	ADP
gp-317	111	28	-0.0001	-0.0001	NOUN
gp-317	111	29	%	%	NOUN
gp-317	111	30	.	.	PUNCT
gp-317	112	1	the	the	DET
gp-317	112	2	dj	dj	NOUN
gp-317	112	3	coefficient	coefficient	NOUN
gp-317	112	4	is	be	AUX
gp-317	112	5	-5.7000	-5.7000	NOUN
gp-317	112	6	,	,	PUNCT
gp-317	112	7	meaning	mean	VERB
gp-317	112	8	that	that	SCONJ
gp-317	112	9	if	if	SCONJ
gp-317	112	10	there	there	PRON
gp-317	112	11	is	be	VERB
gp-317	112	12	an	an	DET
gp-317	112	13	increase	increase	NOUN
gp-317	112	14	in	in	ADP
gp-317	112	15	stock	stock	NOUN
gp-317	112	16	return	return	NOUN
gp-317	112	17	by	by	ADP
gp-317	112	18	1	1	NUM
gp-317	112	19	%	%	NOUN
gp-317	112	20	,	,	PUNCT
gp-317	112	21	the	the	DET
gp-317	112	22	research	research	NOUN
gp-317	112	23	will	will	AUX
gp-317	112	24	decrease	decrease	VERB
gp-317	112	25	the	the	DET
gp-317	112	26	dj	dj	NOUN
gp-317	112	27	by	by	ADP
gp-317	112	28	-5.7000	-5.7000	NOUN
gp-317	112	29	%	%	NOUN
gp-317	112	30	.	.	PUNCT
gp-317	113	1	the	the	DET
gp-317	113	2	size	size	NOUN
gp-317	113	3	coefficient	coefficient	NOUN
gp-317	113	4	is	be	AUX
gp-317	113	5	0.0042	0.0042	NUM
gp-317	113	6	,	,	PUNCT
gp-317	113	7	which	which	PRON
gp-317	113	8	means	mean	VERB
gp-317	113	9	that	that	SCONJ
gp-317	113	10	if	if	SCONJ
gp-317	113	11	there	there	PRON
gp-317	113	12	is	be	VERB
gp-317	113	13	an	an	DET
gp-317	113	14	increase	increase	NOUN
gp-317	113	15	in	in	ADP
gp-317	113	16	stock	stock	NOUN
gp-317	113	17	return	return	NOUN
gp-317	113	18	by	by	ADP
gp-317	113	19	1	1	NUM
gp-317	113	20	%	%	NOUN
gp-317	113	21	of	of	ADP
gp-317	113	22	the	the	DET
gp-317	113	23	research	research	NOUN
gp-317	113	24	,	,	PUNCT
gp-317	113	25	there	there	PRON
gp-317	113	26	will	will	AUX
gp-317	113	27	be	be	AUX
gp-317	113	28	an	an	DET
gp-317	113	29	increase	increase	NOUN
gp-317	113	30	in	in	ADP
gp-317	113	31	size	size	NOUN
gp-317	113	32	of	of	ADP
gp-317	113	33	0.0042	0.0042	NUM
gp-317	113	34	%	%	NOUN
gp-317	113	35	.	.	PUNCT
gp-317	114	1	the	the	DET
gp-317	114	2	der	der	ADJ
gp-317	114	3	coefficient	coefficient	NOUN
gp-317	114	4	is	be	AUX
gp-317	114	5	-0.0000	-0.0000	ADJ
gp-317	114	6	,	,	PUNCT
gp-317	114	7	meaning	mean	VERB
gp-317	114	8	that	that	SCONJ
gp-317	114	9	if	if	SCONJ
gp-317	114	10	there	there	PRON
gp-317	114	11	is	be	VERB
gp-317	114	12	an	an	DET
gp-317	114	13	increase	increase	NOUN
gp-317	114	14	in	in	ADP
gp-317	114	15	stock	stock	NOUN
gp-317	114	16	return	return	NOUN
gp-317	114	17	by	by	ADP
gp-317	114	18	1	1	NUM
gp-317	114	19	%	%	NOUN
gp-317	114	20	,	,	PUNCT
gp-317	114	21	the	the	DET
gp-317	114	22	study	study	NOUN
gp-317	114	23	will	will	AUX
gp-317	114	24	decrease	decrease	VERB
gp-317	114	25	the	the	DET
gp-317	114	26	der	der	NOUN
gp-317	114	27	by	by	ADP
gp-317	114	28	-0.0000	-0.0000	NOUN
gp-317	115	1	%	%	NOUN
gp-317	115	2	.	.	PUNCT
gp-317	116	1	the	the	DET
gp-317	116	2	r	r	NOUN
gp-317	116	3	-	-	PUNCT
gp-317	116	4	square	square	ADJ
gp-317	116	5	value	value	NOUN
gp-317	116	6	of	of	ADP
gp-317	116	7	0.1166	0.1166	NUM
gp-317	116	8	illustrates	illustrate	VERB
gp-317	116	9	that	that	SCONJ
gp-317	116	10	the	the	DET
gp-317	116	11	contribution	contribution	NOUN
gp-317	116	12	of	of	ADP
gp-317	116	13	the	the	DET
gp-317	116	14	variables	variable	NOUN
gp-317	116	15	bir	bir	NOUN
gp-317	116	16	,	,	PUNCT
gp-317	116	17	exr	exr	PROPN
gp-317	116	18	,	,	PUNCT
gp-317	116	19	dj	dj	NOUN
gp-317	116	20	,	,	PUNCT
gp-317	116	21	size	size	NOUN
gp-317	116	22	and	and	CCONJ
gp-317	116	23	der	der	NOUN
gp-317	116	24	to	to	ADP
gp-317	116	25	the	the	DET
gp-317	116	26	stock	stock	NOUN
gp-317	116	27	return	return	NOUN
gp-317	116	28	is	be	AUX
gp-317	116	29	11.66	11.66	NUM
gp-317	116	30	%	%	NOUN
gp-317	116	31	and	and	CCONJ
gp-317	116	32	the	the	DET
gp-317	116	33	remaining	remain	VERB
gp-317	116	34	is	be	AUX
gp-317	116	35	88.34	88.34	NUM
gp-317	116	36	%	%	NOUN
gp-317	116	37	.	.	PUNCT
gp-317	117	1	model	model	NOUN
gp-317	117	2	2	2	NUM
gp-317	117	3	in	in	ADP
gp-317	117	4	this	this	DET
gp-317	117	5	model	model	NOUN
gp-317	117	6	,	,	PUNCT
gp-317	117	7	only	only	ADV
gp-317	117	8	one	one	NUM
gp-317	117	9	dependent	dependent	ADJ
gp-317	117	10	variable	variable	NOUN
gp-317	117	11	is	be	AUX
gp-317	117	12	used	use	VERB
gp-317	117	13	,	,	PUNCT
gp-317	117	14	which	which	PRON
gp-317	117	15	is	be	AUX
gp-317	117	16	"	"	PUNCT
gp-317	117	17	sr	sr	PROPN
gp-317	117	18	"	"	PUNCT
gp-317	117	19	which	which	PRON
gp-317	117	20	is	be	AUX
gp-317	117	21	the	the	DET
gp-317	117	22	value	value	NOUN
gp-317	117	23	of	of	ADP
gp-317	117	24	"	"	PUNCT
gp-317	117	25	stock	stock	NOUN
gp-317	117	26	return	return	NOUN
gp-317	117	27	"	"	PUNCT
gp-317	117	28	.	.	PUNCT
gp-317	118	1	it	it	PRON
gp-317	118	2	can	can	AUX
gp-317	118	3	be	be	AUX
gp-317	118	4	seen	see	VERB
gp-317	118	5	that	that	SCONJ
gp-317	118	6	the	the	DET
gp-317	118	7	coefficient	coefficient	NOUN
gp-317	118	8	of	of	ADP
gp-317	118	9	stock	stock	NOUN
gp-317	118	10	return	return	NOUN
gp-317	118	11	(	(	PUNCT
gp-317	118	12	sr	sr	PROPN
gp-317	118	13	)	)	PUNCT
gp-317	118	14	is	be	AUX
gp-317	118	15	-0.1627	-0.1627	ADJ
gp-317	118	16	which	which	PRON
gp-317	118	17	shows	show	VERB
gp-317	118	18	that	that	SCONJ
gp-317	118	19	this	this	DET
gp-317	118	20	coefficient	coefficient	NOUN
gp-317	118	21	is	be	AUX
gp-317	118	22	statistically	statistically	ADV
gp-317	118	23	significant	significant	ADJ
gp-317	118	24	.	.	PUNCT
gp-317	119	1	this	this	PRON
gp-317	119	2	means	mean	VERB
gp-317	119	3	that	that	SCONJ
gp-317	119	4	any	any	DET
gp-317	119	5	1	1	NUM
gp-317	119	6	percent	percent	NOUN
gp-317	119	7	increase	increase	NOUN
gp-317	119	8	in	in	ADP
gp-317	119	9	stock	stock	NOUN
gp-317	119	10	return	return	NOUN
gp-317	119	11	in	in	ADP
gp-317	119	12	the	the	DET
gp-317	119	13	previous	previous	ADJ
gp-317	119	14	period	period	NOUN
gp-317	119	15	will	will	AUX
gp-317	119	16	result	result	VERB
gp-317	119	17	in	in	ADP
gp-317	119	18	a	a	DET
gp-317	119	19	decrease	decrease	NOUN
gp-317	119	20	of	of	ADP
gp-317	119	21	-0.1627	-0.1627	ADJ
gp-317	119	22	%	%	NOUN
gp-317	119	23	in	in	ADP
gp-317	119	24	the	the	DET
gp-317	119	25	current	current	ADJ
gp-317	119	26	period	period	NOUN
gp-317	119	27	.	.	PUNCT
gp-317	120	1	the	the	DET
gp-317	120	2	bir	bir	PROPN
gp-317	120	3	coefficient	coefficient	NOUN
gp-317	120	4	is	be	AUX
gp-317	120	5	-0.0172	-0.0172	NOUN
gp-317	120	6	,	,	PUNCT
gp-317	120	7	which	which	PRON
gp-317	120	8	means	mean	VERB
gp-317	120	9	that	that	SCONJ
gp-317	120	10	if	if	SCONJ
gp-317	120	11	there	there	PRON
gp-317	120	12	is	be	VERB
gp-317	120	13	an	an	DET
gp-317	120	14	increase	increase	NOUN
gp-317	120	15	in	in	ADP
gp-317	120	16	stock	stock	NOUN
gp-317	120	17	the	the	DET
gp-317	120	18	return	return	NOUN
gp-317	120	19	of	of	ADP
gp-317	120	20	1	1	NUM
gp-317	120	21	%	%	NOUN
gp-317	120	22	of	of	ADP
gp-317	120	23	the	the	DET
gp-317	120	24	study	study	NOUN
gp-317	120	25	will	will	AUX
gp-317	120	26	reduce	reduce	VERB
gp-317	120	27	the	the	DET
gp-317	120	28	bir	bir	NOUN
gp-317	120	29	by	by	ADP
gp-317	120	30	-0.0172	-0.0172	PROPN
gp-317	120	31	%	%	PROPN
gp-317	120	32	.	.	PUNCT
gp-317	121	1	the	the	DET
gp-317	121	2	inf	inf	PROPN
gp-317	121	3	coefficient	coefficient	NOUN
gp-317	121	4	is	be	AUX
gp-317	121	5	0.0142	0.0142	NUM
gp-317	121	6	,	,	PUNCT
gp-317	121	7	meaning	mean	VERB
gp-317	121	8	that	that	SCONJ
gp-317	121	9	if	if	SCONJ
gp-317	121	10	there	there	PRON
gp-317	121	11	is	be	VERB
gp-317	121	12	an	an	DET
gp-317	121	13	increase	increase	NOUN
gp-317	121	14	in	in	ADP
gp-317	121	15	stock	stock	NOUN
gp-317	121	16	return	return	NOUN
gp-317	121	17	by	by	ADP
gp-317	121	18	1	1	NUM
gp-317	121	19	%	%	NOUN
gp-317	121	20	,	,	PUNCT
gp-317	121	21	the	the	DET
gp-317	121	22	study	study	NOUN
gp-317	121	23	will	will	AUX
gp-317	121	24	decrease	decrease	VERB
gp-317	121	25	the	the	DET
gp-317	121	26	the	the	DET
gp-317	121	27	influence	influence	NOUN
gp-317	121	28	of	of	ADP
gp-317	121	29	monetary	monetary	ADJ
gp-317	121	30	policy	policy	NOUN
gp-317	121	31	,	,	PUNCT
gp-317	121	32	macroeconomic	macroeconomic	ADJ
gp-317	121	33	variables	variable	NOUN
gp-317	121	34	,	,	PUNCT
gp-317	121	35	global	global	ADJ
gp-317	121	36	markets	market	NOUN
gp-317	121	37	,	,	PUNCT
gp-317	121	38	and	and	CCONJ
gp-317	121	39	internal	internal	ADJ
gp-317	121	40	company	company	NOUN
gp-317	121	41	factors	factor	NOUN
gp-317	121	42	on	on	ADP
gp-317	121	43	stock	stock	NOUN
gp-317	121	44	returns	return	NOUN
gp-317	121	45	of	of	ADP
gp-317	121	46	lq45	lq45	PROPN
gp-317	121	47	companies	company	NOUN
gp-317	121	48	on	on	ADP
gp-317	121	49	the	the	DET
gp-317	121	50	indonesian	indonesian	ADJ
gp-317	121	51	stock	stock	PROPN
gp-317	121	52	exchange	exchange	PROPN
gp-317	121	53	1700	1700	NUM
gp-317	121	54	inf	inf	NOUN
gp-317	121	55	by	by	ADP
gp-317	121	56	-0.0142	-0.0142	NOUN
gp-317	121	57	%	%	NOUN
gp-317	121	58	.	.	PUNCT
gp-317	122	1	the	the	DET
gp-317	122	2	dj	dj	NOUN
gp-317	122	3	coefficient	coefficient	NOUN
gp-317	122	4	is	be	AUX
gp-317	122	5	-7.7800	-7.7800	ADJ
gp-317	122	6	,	,	PUNCT
gp-317	122	7	meaning	mean	VERB
gp-317	122	8	that	that	SCONJ
gp-317	122	9	if	if	SCONJ
gp-317	122	10	there	there	PRON
gp-317	122	11	is	be	VERB
gp-317	122	12	an	an	DET
gp-317	122	13	increase	increase	NOUN
gp-317	122	14	in	in	ADP
gp-317	122	15	stock	stock	NOUN
gp-317	122	16	return	return	NOUN
gp-317	122	17	by	by	ADP
gp-317	122	18	1	1	NUM
gp-317	122	19	%	%	NOUN
gp-317	122	20	,	,	PUNCT
gp-317	122	21	the	the	DET
gp-317	122	22	research	research	NOUN
gp-317	122	23	will	will	AUX
gp-317	122	24	decrease	decrease	VERB
gp-317	122	25	in	in	ADP
gp-317	122	26	dj	dj	NOUN
gp-317	122	27	by	by	ADP
gp-317	122	28	-7.7800	-7.7800	NOUN
gp-317	122	29	%	%	NOUN
gp-317	122	30	.	.	PUNCT
gp-317	123	1	the	the	DET
gp-317	123	2	size	size	NOUN
gp-317	123	3	coefficient	coefficient	NOUN
gp-317	123	4	is	be	AUX
gp-317	123	5	0.0058	0.0058	NUM
gp-317	123	6	,	,	PUNCT
gp-317	123	7	which	which	PRON
gp-317	123	8	means	mean	VERB
gp-317	123	9	that	that	SCONJ
gp-317	123	10	if	if	SCONJ
gp-317	123	11	there	there	PRON
gp-317	123	12	is	be	VERB
gp-317	123	13	an	an	DET
gp-317	123	14	increase	increase	NOUN
gp-317	123	15	in	in	ADP
gp-317	123	16	stock	stock	NOUN
gp-317	123	17	return	return	NOUN
gp-317	123	18	by	by	ADP
gp-317	123	19	1	1	NUM
gp-317	123	20	%	%	NOUN
gp-317	123	21	of	of	ADP
gp-317	123	22	the	the	DET
gp-317	123	23	research	research	NOUN
gp-317	123	24	,	,	PUNCT
gp-317	123	25	there	there	PRON
gp-317	123	26	will	will	AUX
gp-317	123	27	be	be	AUX
gp-317	123	28	an	an	DET
gp-317	123	29	increase	increase	NOUN
gp-317	123	30	in	in	ADP
gp-317	123	31	size	size	NOUN
gp-317	123	32	of	of	ADP
gp-317	123	33	0.0058	0.0058	NUM
gp-317	123	34	%	%	NOUN
gp-317	123	35	.	.	PUNCT
gp-317	124	1	the	the	DET
gp-317	124	2	der	der	ADJ
gp-317	124	3	coefficient	coefficient	NOUN
gp-317	124	4	is	be	AUX
gp-317	124	5	-0.0000	-0.0000	ADJ
gp-317	124	6	,	,	PUNCT
gp-317	124	7	meaning	mean	VERB
gp-317	124	8	that	that	SCONJ
gp-317	124	9	if	if	SCONJ
gp-317	124	10	there	there	PRON
gp-317	124	11	is	be	VERB
gp-317	124	12	an	an	DET
gp-317	124	13	increase	increase	NOUN
gp-317	124	14	in	in	ADP
gp-317	124	15	stock	stock	NOUN
gp-317	124	16	return	return	NOUN
gp-317	124	17	by	by	ADP
gp-317	124	18	1	1	NUM
gp-317	124	19	%	%	NOUN
gp-317	124	20	,	,	PUNCT
gp-317	124	21	the	the	DET
gp-317	124	22	study	study	NOUN
gp-317	124	23	will	will	AUX
gp-317	124	24	decrease	decrease	VERB
gp-317	124	25	the	the	DET
gp-317	124	26	der	der	NOUN
gp-317	124	27	by	by	ADP
gp-317	124	28	-0.0000	-0.0000	NOUN
gp-317	125	1	%	%	NOUN
gp-317	125	2	.	.	PUNCT
gp-317	126	1	the	the	DET
gp-317	126	2	roa	roa	PROPN
gp-317	126	3	coefficient	coefficient	NOUN
gp-317	126	4	is	be	AUX
gp-317	126	5	0.1011	0.1011	NUM
gp-317	126	6	,	,	PUNCT
gp-317	126	7	which	which	PRON
gp-317	126	8	means	mean	VERB
gp-317	126	9	that	that	SCONJ
gp-317	126	10	if	if	SCONJ
gp-317	126	11	there	there	PRON
gp-317	126	12	is	be	VERB
gp-317	126	13	an	an	DET
gp-317	126	14	increase	increase	NOUN
gp-317	126	15	in	in	ADP
gp-317	126	16	stock	stock	NOUN
gp-317	126	17	return	return	NOUN
gp-317	126	18	by	by	ADP
gp-317	126	19	1	1	NUM
gp-317	126	20	%	%	NOUN
gp-317	126	21	of	of	ADP
gp-317	126	22	the	the	DET
gp-317	126	23	research	research	NOUN
gp-317	126	24	,	,	PUNCT
gp-317	126	25	there	there	PRON
gp-317	126	26	will	will	AUX
gp-317	126	27	be	be	AUX
gp-317	126	28	an	an	DET
gp-317	126	29	increase	increase	NOUN
gp-317	126	30	in	in	ADP
gp-317	126	31	roa	roa	NOUN
gp-317	126	32	of	of	ADP
gp-317	126	33	0.1011	0.1011	NUM
gp-317	126	34	%	%	NOUN
gp-317	126	35	.	.	PUNCT
gp-317	127	1	the	the	DET
gp-317	127	2	r	r	NOUN
gp-317	127	3	-	-	PUNCT
gp-317	127	4	square	square	ADJ
gp-317	127	5	value	value	NOUN
gp-317	127	6	of	of	ADP
gp-317	127	7	0.0918	0.0918	NUM
gp-317	127	8	illustrates	illustrate	VERB
gp-317	127	9	that	that	SCONJ
gp-317	127	10	the	the	DET
gp-317	127	11	contribution	contribution	NOUN
gp-317	127	12	of	of	ADP
gp-317	127	13	the	the	DET
gp-317	127	14	variables	variable	NOUN
gp-317	127	15	bir	bir	PROPN
gp-317	127	16	,	,	PUNCT
gp-317	127	17	inf	inf	NOUN
gp-317	127	18	,	,	PUNCT
gp-317	127	19	dj	dj	NOUN
gp-317	127	20	,	,	PUNCT
gp-317	127	21	size	size	NOUN
gp-317	127	22	,	,	PUNCT
gp-317	127	23	der	der	NOUN
gp-317	127	24	and	and	CCONJ
gp-317	127	25	roa	roa	NOUN
gp-317	127	26	to	to	ADP
gp-317	127	27	the	the	DET
gp-317	127	28	stock	stock	NOUN
gp-317	127	29	return	return	NOUN
gp-317	127	30	is	be	AUX
gp-317	127	31	9.18	9.18	NUM
gp-317	127	32	%	%	NOUN
gp-317	127	33	model	model	NOUN
gp-317	127	34	3	3	NUM
gp-317	127	35	in	in	ADP
gp-317	127	36	this	this	DET
gp-317	127	37	model	model	NOUN
gp-317	127	38	,	,	PUNCT
gp-317	127	39	only	only	ADV
gp-317	127	40	one	one	NUM
gp-317	127	41	dependent	dependent	ADJ
gp-317	127	42	variable	variable	NOUN
gp-317	127	43	is	be	AUX
gp-317	127	44	used	use	VERB
gp-317	127	45	,	,	PUNCT
gp-317	127	46	which	which	PRON
gp-317	127	47	is	be	AUX
gp-317	127	48	"	"	PUNCT
gp-317	127	49	sr	sr	PROPN
gp-317	127	50	"	"	PUNCT
gp-317	127	51	which	which	PRON
gp-317	127	52	is	be	AUX
gp-317	127	53	the	the	DET
gp-317	127	54	value	value	NOUN
gp-317	127	55	of	of	ADP
gp-317	127	56	"	"	PUNCT
gp-317	127	57	stock	stock	NOUN
gp-317	127	58	return	return	NOUN
gp-317	127	59	"	"	PUNCT
gp-317	127	60	.	.	PUNCT
gp-317	128	1	it	it	PRON
gp-317	128	2	can	can	AUX
gp-317	128	3	be	be	AUX
gp-317	128	4	known	know	VERB
gp-317	128	5	that	that	SCONJ
gp-317	128	6	the	the	DET
gp-317	128	7	coefficient	coefficient	NOUN
gp-317	128	8	of	of	ADP
gp-317	128	9	stock	stock	NOUN
gp-317	128	10	return	return	NOUN
gp-317	128	11	(	(	PUNCT
gp-317	128	12	sr	sr	PROPN
gp-317	128	13	)	)	PUNCT
gp-317	128	14	is	be	AUX
gp-317	128	15	-0.1597	-0.1597	ADJ
gp-317	128	16	which	which	PRON
gp-317	128	17	shows	show	VERB
gp-317	128	18	that	that	SCONJ
gp-317	128	19	this	this	DET
gp-317	128	20	coefficient	coefficient	NOUN
gp-317	128	21	is	be	AUX
gp-317	128	22	statistically	statistically	ADV
gp-317	128	23	significant	significant	ADJ
gp-317	128	24	.	.	PUNCT
gp-317	129	1	this	this	PRON
gp-317	129	2	means	mean	VERB
gp-317	129	3	that	that	SCONJ
gp-317	129	4	any	any	DET
gp-317	129	5	1	1	NUM
gp-317	129	6	percent	percent	NOUN
gp-317	129	7	increase	increase	NOUN
gp-317	129	8	in	in	ADP
gp-317	129	9	stock	stock	NOUN
gp-317	129	10	return	return	NOUN
gp-317	129	11	in	in	ADP
gp-317	129	12	the	the	DET
gp-317	129	13	previous	previous	ADJ
gp-317	129	14	period	period	NOUN
gp-317	129	15	will	will	AUX
gp-317	129	16	result	result	VERB
gp-317	129	17	in	in	ADP
gp-317	129	18	a	a	DET
gp-317	129	19	decrease	decrease	NOUN
gp-317	129	20	of	of	ADP
gp-317	129	21	-0.1597	-0.1597	ADJ
gp-317	129	22	%	%	NOUN
gp-317	129	23	in	in	ADP
gp-317	129	24	the	the	DET
gp-317	129	25	current	current	ADJ
gp-317	129	26	period	period	NOUN
gp-317	129	27	.	.	PUNCT
gp-317	130	1	the	the	DET
gp-317	130	2	bir	bir	PROPN
gp-317	130	3	coefficient	coefficient	NOUN
gp-317	130	4	is	be	AUX
gp-317	130	5	-0.0173	-0.0173	ADJ
gp-317	130	6	,	,	PUNCT
gp-317	130	7	meaning	mean	VERB
gp-317	130	8	that	that	SCONJ
gp-317	130	9	if	if	SCONJ
gp-317	130	10	there	there	PRON
gp-317	130	11	is	be	VERB
gp-317	130	12	an	an	DET
gp-317	130	13	increase	increase	NOUN
gp-317	130	14	in	in	ADP
gp-317	130	15	stock	stock	NOUN
gp-317	130	16	the	the	DET
gp-317	130	17	return	return	NOUN
gp-317	130	18	of	of	ADP
gp-317	130	19	1	1	NUM
gp-317	130	20	%	%	NOUN
gp-317	130	21	of	of	ADP
gp-317	130	22	the	the	DET
gp-317	130	23	study	study	NOUN
gp-317	130	24	will	will	AUX
gp-317	130	25	reduce	reduce	VERB
gp-317	130	26	the	the	DET
gp-317	130	27	bir	bir	NOUN
gp-317	130	28	by	by	ADP
gp-317	130	29	-0.0173	-0.0173	ADJ
gp-317	130	30	%	%	NOUN
gp-317	130	31	.	.	PUNCT
gp-317	131	1	the	the	DET
gp-317	131	2	inf	inf	PROPN
gp-317	131	3	coefficient	coefficient	NOUN
gp-317	131	4	is	be	AUX
gp-317	131	5	0.0131	0.0131	NUM
gp-317	131	6	,	,	PUNCT
gp-317	131	7	which	which	PRON
gp-317	131	8	means	mean	VERB
gp-317	131	9	that	that	SCONJ
gp-317	131	10	if	if	SCONJ
gp-317	131	11	there	there	PRON
gp-317	131	12	is	be	VERB
gp-317	131	13	an	an	DET
gp-317	131	14	increase	increase	NOUN
gp-317	131	15	in	in	ADP
gp-317	131	16	stock	stock	NOUN
gp-317	131	17	return	return	NOUN
gp-317	131	18	by	by	ADP
gp-317	131	19	1	1	NUM
gp-317	131	20	%	%	NOUN
gp-317	131	21	,	,	PUNCT
gp-317	131	22	the	the	DET
gp-317	131	23	study	study	NOUN
gp-317	131	24	will	will	AUX
gp-317	131	25	decrease	decrease	VERB
gp-317	131	26	the	the	DET
gp-317	131	27	inf	inf	NOUN
gp-317	131	28	by	by	ADP
gp-317	131	29	-0.0131	-0.0131	PROPN
gp-317	131	30	%	%	NOUN
gp-317	131	31	.	.	PUNCT
gp-317	132	1	the	the	DET
gp-317	132	2	dj	dj	NOUN
gp-317	132	3	coefficient	coefficient	NOUN
gp-317	132	4	is	be	AUX
gp-317	132	5	-7.6700	-7.6700	NOUN
gp-317	132	6	,	,	PUNCT
gp-317	132	7	meaning	mean	VERB
gp-317	132	8	that	that	SCONJ
gp-317	132	9	if	if	SCONJ
gp-317	132	10	there	there	PRON
gp-317	132	11	is	be	VERB
gp-317	132	12	an	an	DET
gp-317	132	13	increase	increase	NOUN
gp-317	132	14	in	in	ADP
gp-317	132	15	stock	stock	NOUN
gp-317	132	16	return	return	NOUN
gp-317	132	17	by	by	ADP
gp-317	132	18	1	1	NUM
gp-317	132	19	%	%	NOUN
gp-317	132	20	,	,	PUNCT
gp-317	132	21	the	the	DET
gp-317	132	22	research	research	NOUN
gp-317	132	23	will	will	AUX
gp-317	132	24	decrease	decrease	VERB
gp-317	132	25	in	in	ADP
gp-317	132	26	dj	dj	NOUN
gp-317	132	27	by	by	ADP
gp-317	132	28	-7.6700	-7.6700	NOUN
gp-317	132	29	%	%	NOUN
gp-317	132	30	.	.	PUNCT
gp-317	133	1	the	the	DET
gp-317	133	2	size	size	NOUN
gp-317	133	3	coefficient	coefficient	NOUN
gp-317	133	4	is	be	AUX
gp-317	133	5	0.0029	0.0029	NUM
gp-317	133	6	,	,	PUNCT
gp-317	133	7	which	which	PRON
gp-317	133	8	means	mean	VERB
gp-317	133	9	that	that	SCONJ
gp-317	133	10	if	if	SCONJ
gp-317	133	11	there	there	PRON
gp-317	133	12	is	be	VERB
gp-317	133	13	an	an	DET
gp-317	133	14	increase	increase	NOUN
gp-317	133	15	in	in	ADP
gp-317	133	16	stock	stock	NOUN
gp-317	133	17	return	return	NOUN
gp-317	133	18	by	by	ADP
gp-317	133	19	1	1	NUM
gp-317	133	20	%	%	NOUN
gp-317	133	21	of	of	ADP
gp-317	133	22	the	the	DET
gp-317	133	23	research	research	NOUN
gp-317	133	24	,	,	PUNCT
gp-317	133	25	there	there	PRON
gp-317	133	26	will	will	AUX
gp-317	133	27	be	be	AUX
gp-317	133	28	an	an	DET
gp-317	133	29	increase	increase	NOUN
gp-317	133	30	in	in	ADP
gp-317	133	31	size	size	NOUN
gp-317	133	32	of	of	ADP
gp-317	133	33	0.0029	0.0029	NUM
gp-317	133	34	%	%	NOUN
gp-317	133	35	.	.	PUNCT
gp-317	134	1	the	the	DET
gp-317	134	2	der	der	ADJ
gp-317	134	3	coefficient	coefficient	NOUN
gp-317	134	4	is	be	AUX
gp-317	134	5	0.0002	0.0002	NUM
gp-317	134	6	,	,	PUNCT
gp-317	134	7	meaning	mean	VERB
gp-317	134	8	that	that	SCONJ
gp-317	134	9	if	if	SCONJ
gp-317	134	10	there	there	PRON
gp-317	134	11	is	be	VERB
gp-317	134	12	an	an	DET
gp-317	134	13	increase	increase	NOUN
gp-317	134	14	in	in	ADP
gp-317	134	15	stock	stock	NOUN
gp-317	134	16	return	return	NOUN
gp-317	134	17	by	by	ADP
gp-317	134	18	1	1	NUM
gp-317	134	19	%	%	NOUN
gp-317	134	20	of	of	ADP
gp-317	134	21	the	the	DET
gp-317	134	22	research	research	NOUN
gp-317	134	23	,	,	PUNCT
gp-317	134	24	there	there	PRON
gp-317	134	25	will	will	AUX
gp-317	134	26	be	be	AUX
gp-317	134	27	an	an	DET
gp-317	134	28	increase	increase	NOUN
gp-317	134	29	in	in	ADP
gp-317	134	30	der	der	NOUN
gp-317	134	31	of	of	ADP
gp-317	134	32	0.0002	0.0002	NUM
gp-317	134	33	%	%	NOUN
gp-317	134	34	.	.	PUNCT
gp-317	135	1	the	the	DET
gp-317	135	2	roe	roe	PROPN
gp-317	135	3	coefficient	coefficient	NOUN
gp-317	135	4	is	be	AUX
gp-317	135	5	-0.0371	-0.0371	ADJ
gp-317	135	6	,	,	PUNCT
gp-317	135	7	which	which	PRON
gp-317	135	8	means	mean	VERB
gp-317	135	9	that	that	SCONJ
gp-317	135	10	if	if	SCONJ
gp-317	135	11	there	there	PRON
gp-317	135	12	is	be	VERB
gp-317	135	13	an	an	DET
gp-317	135	14	increase	increase	NOUN
gp-317	135	15	in	in	ADP
gp-317	135	16	stock	stock	NOUN
gp-317	135	17	return	return	NOUN
gp-317	135	18	by	by	ADP
gp-317	135	19	1	1	NUM
gp-317	135	20	%	%	NOUN
gp-317	135	21	,	,	PUNCT
gp-317	135	22	the	the	DET
gp-317	135	23	study	study	NOUN
gp-317	135	24	will	will	AUX
gp-317	135	25	reduce	reduce	VERB
gp-317	135	26	the	the	DET
gp-317	135	27	roa	roa	NOUN
gp-317	135	28	by	by	ADP
gp-317	135	29	-0.0371	-0.0371	ADJ
gp-317	135	30	%	%	NOUN
gp-317	135	31	.	.	PUNCT
gp-317	136	1	the	the	DET
gp-317	136	2	r	r	NOUN
gp-317	136	3	-	-	PUNCT
gp-317	136	4	square	square	ADJ
gp-317	136	5	value	value	NOUN
gp-317	136	6	of	of	ADP
gp-317	136	7	0.0920	0.0920	NUM
gp-317	136	8	illustrates	illustrate	VERB
gp-317	136	9	that	that	SCONJ
gp-317	136	10	the	the	DET
gp-317	136	11	contribution	contribution	NOUN
gp-317	136	12	of	of	ADP
gp-317	136	13	the	the	DET
gp-317	136	14	variables	variable	NOUN
gp-317	136	15	bir	bir	PROPN
gp-317	136	16	,	,	PUNCT
gp-317	136	17	inf	inf	NOUN
gp-317	136	18	,	,	PUNCT
gp-317	136	19	dj	dj	NOUN
gp-317	136	20	,	,	PUNCT
gp-317	136	21	size	size	NOUN
gp-317	136	22	,	,	PUNCT
gp-317	136	23	der	der	NOUN
gp-317	136	24	and	and	CCONJ
gp-317	136	25	roe	roe	NOUN
gp-317	136	26	to	to	ADP
gp-317	136	27	the	the	DET
gp-317	136	28	stock	stock	NOUN
gp-317	136	29	return	return	NOUN
gp-317	136	30	is	be	AUX
gp-317	136	31	9.20	9.20	NUM
gp-317	136	32	%	%	NOUN
gp-317	136	33	model	model	NOUN
gp-317	136	34	4	4	NUM
gp-317	136	35	in	in	ADP
gp-317	136	36	this	this	DET
gp-317	136	37	model	model	NOUN
gp-317	136	38	,	,	PUNCT
gp-317	136	39	only	only	ADV
gp-317	136	40	one	one	NUM
gp-317	136	41	dependent	dependent	ADJ
gp-317	136	42	variable	variable	NOUN
gp-317	136	43	is	be	AUX
gp-317	136	44	used	use	VERB
gp-317	136	45	,	,	PUNCT
gp-317	136	46	which	which	PRON
gp-317	136	47	is	be	AUX
gp-317	136	48	"	"	PUNCT
gp-317	136	49	sr	sr	PROPN
gp-317	136	50	"	"	PUNCT
gp-317	136	51	which	which	PRON
gp-317	136	52	is	be	AUX
gp-317	136	53	the	the	DET
gp-317	136	54	value	value	NOUN
gp-317	136	55	of	of	ADP
gp-317	136	56	"	"	PUNCT
gp-317	136	57	stock	stock	NOUN
gp-317	136	58	return	return	NOUN
gp-317	136	59	"	"	PUNCT
gp-317	136	60	.	.	PUNCT
gp-317	137	1	it	it	PRON
gp-317	137	2	can	can	AUX
gp-317	137	3	be	be	AUX
gp-317	137	4	known	know	VERB
gp-317	137	5	that	that	SCONJ
gp-317	137	6	the	the	DET
gp-317	137	7	coefficient	coefficient	NOUN
gp-317	137	8	of	of	ADP
gp-317	137	9	stock	stock	NOUN
gp-317	137	10	return	return	NOUN
gp-317	137	11	(	(	PUNCT
gp-317	137	12	sr	sr	PROPN
gp-317	137	13	)	)	PUNCT
gp-317	137	14	is	be	AUX
gp-317	137	15	-0.1386	-0.1386	NOUN
gp-317	137	16	which	which	PRON
gp-317	137	17	indicates	indicate	VERB
gp-317	137	18	that	that	SCONJ
gp-317	137	19	this	this	DET
gp-317	137	20	coefficient	coefficient	NOUN
gp-317	137	21	is	be	AUX
gp-317	137	22	statistically	statistically	ADV
gp-317	137	23	significant	significant	ADJ
gp-317	137	24	.	.	PUNCT
gp-317	138	1	this	this	PRON
gp-317	138	2	means	mean	VERB
gp-317	138	3	that	that	SCONJ
gp-317	138	4	any	any	DET
gp-317	138	5	1	1	NUM
gp-317	138	6	percent	percent	NOUN
gp-317	138	7	increase	increase	NOUN
gp-317	138	8	in	in	ADP
gp-317	138	9	stock	stock	NOUN
gp-317	138	10	return	return	NOUN
gp-317	138	11	in	in	ADP
gp-317	138	12	the	the	DET
gp-317	138	13	previous	previous	ADJ
gp-317	138	14	period	period	NOUN
gp-317	138	15	will	will	AUX
gp-317	138	16	result	result	VERB
gp-317	138	17	in	in	ADP
gp-317	138	18	a	a	DET
gp-317	138	19	decrease	decrease	NOUN
gp-317	138	20	of	of	ADP
gp-317	138	21	-0.1386	-0.1386	NOUN
gp-317	138	22	%	%	NOUN
gp-317	138	23	in	in	ADP
gp-317	138	24	the	the	DET
gp-317	138	25	current	current	ADJ
gp-317	138	26	period	period	NOUN
gp-317	138	27	.	.	PUNCT
gp-317	139	1	the	the	DET
gp-317	139	2	bir	bir	PROPN
gp-317	139	3	coefficient	coefficient	NOUN
gp-317	139	4	is	be	AUX
gp-317	139	5	0.0173	0.0173	NUM
gp-317	139	6	,	,	PUNCT
gp-317	139	7	which	which	PRON
gp-317	139	8	means	mean	VERB
gp-317	139	9	that	that	SCONJ
gp-317	139	10	if	if	SCONJ
gp-317	139	11	there	there	PRON
gp-317	139	12	is	be	VERB
gp-317	139	13	an	an	DET
gp-317	139	14	increase	increase	NOUN
gp-317	139	15	in	in	ADP
gp-317	139	16	stock	stock	NOUN
gp-317	139	17	a	a	DET
gp-317	139	18	return	return	NOUN
gp-317	139	19	of	of	ADP
gp-317	139	20	1	1	NUM
gp-317	139	21	%	%	NOUN
gp-317	139	22	of	of	ADP
gp-317	139	23	the	the	DET
gp-317	139	24	study	study	NOUN
gp-317	139	25	will	will	AUX
gp-317	139	26	increase	increase	VERB
gp-317	139	27	in	in	ADP
gp-317	139	28	bir	bir	NOUN
gp-317	139	29	by	by	ADP
gp-317	139	30	0.0173	0.0173	NUM
gp-317	139	31	%	%	NOUN
gp-317	139	32	.	.	PUNCT
gp-317	140	1	the	the	DET
gp-317	140	2	exr	exr	PROPN
gp-317	140	3	coefficient	coefficient	NOUN
gp-317	140	4	is	be	AUX
gp-317	140	5	0.0001	0.0001	NUM
gp-317	140	6	,	,	PUNCT
gp-317	140	7	which	which	PRON
gp-317	140	8	means	mean	VERB
gp-317	140	9	that	that	SCONJ
gp-317	140	10	if	if	SCONJ
gp-317	140	11	there	there	PRON
gp-317	140	12	is	be	VERB
gp-317	140	13	an	an	DET
gp-317	140	14	increase	increase	NOUN
gp-317	140	15	in	in	ADP
gp-317	140	16	stock	stock	NOUN
gp-317	140	17	return	return	NOUN
gp-317	140	18	by	by	ADP
gp-317	140	19	1	1	NUM
gp-317	140	20	%	%	NOUN
gp-317	140	21	,	,	PUNCT
gp-317	140	22	the	the	DET
gp-317	140	23	study	study	NOUN
gp-317	140	24	will	will	AUX
gp-317	140	25	decrease	decrease	VERB
gp-317	140	26	the	the	DET
gp-317	140	27	exr	exr	NOUN
gp-317	140	28	by	by	ADP
gp-317	140	29	-0.0001	-0.0001	NOUN
gp-317	141	1	%	%	NOUN
gp-317	141	2	.	.	PUNCT
gp-317	142	1	the	the	DET
gp-317	142	2	dj	dj	NOUN
gp-317	142	3	coefficient	coefficient	NOUN
gp-317	142	4	is	be	AUX
gp-317	142	5	-5.3600	-5.3600	ADJ
gp-317	142	6	,	,	PUNCT
gp-317	142	7	meaning	mean	VERB
gp-317	142	8	that	that	SCONJ
gp-317	142	9	if	if	SCONJ
gp-317	142	10	there	there	PRON
gp-317	142	11	is	be	VERB
gp-317	142	12	an	an	DET
gp-317	142	13	increase	increase	NOUN
gp-317	142	14	in	in	ADP
gp-317	142	15	stock	stock	NOUN
gp-317	142	16	return	return	NOUN
gp-317	142	17	by	by	ADP
gp-317	142	18	1	1	NUM
gp-317	142	19	%	%	NOUN
gp-317	142	20	,	,	PUNCT
gp-317	142	21	the	the	DET
gp-317	142	22	research	research	NOUN
gp-317	142	23	will	will	AUX
gp-317	142	24	decrease	decrease	VERB
gp-317	142	25	the	the	DET
gp-317	142	26	dj	dj	NOUN
gp-317	142	27	by	by	ADP
gp-317	142	28	-5.3600	-5.3600	ADV
gp-317	143	1	%	%	INTJ
gp-317	143	2	.	.	PUNCT
gp-317	144	1	the	the	DET
gp-317	144	2	size	size	NOUN
gp-317	144	3	coefficient	coefficient	NOUN
gp-317	144	4	is	be	AUX
gp-317	144	5	0.0040	0.0040	NUM
gp-317	144	6	,	,	PUNCT
gp-317	144	7	which	which	PRON
gp-317	144	8	means	mean	VERB
gp-317	144	9	that	that	SCONJ
gp-317	144	10	if	if	SCONJ
gp-317	144	11	there	there	PRON
gp-317	144	12	is	be	VERB
gp-317	144	13	an	an	DET
gp-317	144	14	increase	increase	NOUN
gp-317	144	15	in	in	ADP
gp-317	144	16	stock	stock	NOUN
gp-317	144	17	return	return	NOUN
gp-317	144	18	by	by	ADP
gp-317	144	19	1	1	NUM
gp-317	144	20	%	%	NOUN
gp-317	144	21	of	of	ADP
gp-317	144	22	the	the	DET
gp-317	144	23	study	study	NOUN
gp-317	144	24	,	,	PUNCT
gp-317	144	25	there	there	PRON
gp-317	144	26	will	will	AUX
gp-317	144	27	be	be	AUX
gp-317	144	28	an	an	DET
gp-317	144	29	increase	increase	NOUN
gp-317	144	30	in	in	ADP
gp-317	144	31	size	size	NOUN
gp-317	144	32	of	of	ADP
gp-317	144	33	0.0040	0.0040	NUM
gp-317	144	34	%	%	NOUN
gp-317	144	35	.	.	PUNCT
gp-317	145	1	the	the	DET
gp-317	145	2	der	der	ADJ
gp-317	145	3	coefficient	coefficient	NOUN
gp-317	145	4	is	be	AUX
gp-317	145	5	0.0029	0.0029	NUM
gp-317	145	6	,	,	PUNCT
gp-317	145	7	which	which	PRON
gp-317	145	8	means	mean	VERB
gp-317	145	9	that	that	SCONJ
gp-317	145	10	if	if	SCONJ
gp-317	145	11	there	there	PRON
gp-317	145	12	is	be	VERB
gp-317	145	13	an	an	DET
gp-317	145	14	increase	increase	NOUN
gp-317	145	15	in	in	ADP
gp-317	145	16	stock	stock	NOUN
gp-317	145	17	return	return	NOUN
gp-317	145	18	by	by	ADP
gp-317	145	19	1	1	NUM
gp-317	145	20	%	%	NOUN
gp-317	145	21	of	of	ADP
gp-317	145	22	the	the	DET
gp-317	145	23	research	research	NOUN
gp-317	145	24	,	,	PUNCT
gp-317	145	25	there	there	PRON
gp-317	145	26	will	will	AUX
gp-317	145	27	be	be	AUX
gp-317	145	28	an	an	DET
gp-317	145	29	increase	increase	NOUN
gp-317	145	30	in	in	ADP
gp-317	145	31	der	der	NOUN
gp-317	145	32	of	of	ADP
gp-317	145	33	0.0029	0.0029	NUM
gp-317	145	34	%	%	NOUN
gp-317	145	35	.	.	PUNCT
gp-317	146	1	the	the	DET
gp-317	146	2	roa	roa	PROPN
gp-317	146	3	coefficient	coefficient	NOUN
gp-317	146	4	is	be	AUX
gp-317	146	5	0.5244	0.5244	NUM
gp-317	146	6	,	,	PUNCT
gp-317	146	7	which	which	PRON
gp-317	146	8	means	mean	VERB
gp-317	146	9	that	that	SCONJ
gp-317	146	10	if	if	SCONJ
gp-317	146	11	there	there	PRON
gp-317	146	12	is	be	VERB
gp-317	146	13	an	an	DET
gp-317	146	14	increase	increase	NOUN
gp-317	146	15	in	in	ADP
gp-317	146	16	stock	stock	NOUN
gp-317	146	17	return	return	NOUN
gp-317	146	18	by	by	ADP
gp-317	146	19	1	1	NUM
gp-317	146	20	%	%	NOUN
gp-317	146	21	of	of	ADP
gp-317	146	22	the	the	DET
gp-317	146	23	research	research	NOUN
gp-317	146	24	,	,	PUNCT
gp-317	146	25	there	there	PRON
gp-317	146	26	will	will	AUX
gp-317	146	27	be	be	AUX
gp-317	146	28	an	an	DET
gp-317	146	29	increase	increase	NOUN
gp-317	146	30	in	in	ADP
gp-317	146	31	roa	roa	NOUN
gp-317	146	32	of	of	ADP
gp-317	146	33	0.5244	0.5244	NUM
gp-317	146	34	%	%	NOUN
gp-317	146	35	.	.	PUNCT
gp-317	147	1	the	the	DET
gp-317	147	2	roe	roe	PROPN
gp-317	147	3	coefficient	coefficient	NOUN
gp-317	147	4	is	be	AUX
gp-317	147	5	-0.1815	-0.1815	ADJ
gp-317	147	6	,	,	PUNCT
gp-317	147	7	meaning	mean	VERB
gp-317	147	8	that	that	SCONJ
gp-317	147	9	if	if	SCONJ
gp-317	147	10	there	there	PRON
gp-317	147	11	is	be	VERB
gp-317	147	12	an	an	DET
gp-317	147	13	increase	increase	NOUN
gp-317	147	14	in	in	ADP
gp-317	147	15	stock	stock	NOUN
gp-317	147	16	return	return	NOUN
gp-317	147	17	by	by	ADP
gp-317	147	18	1	1	NUM
gp-317	147	19	%	%	NOUN
gp-317	147	20	,	,	PUNCT
gp-317	147	21	the	the	DET
gp-317	147	22	study	study	NOUN
gp-317	147	23	will	will	AUX
gp-317	147	24	reduce	reduce	VERB
gp-317	147	25	the	the	DET
gp-317	147	26	roe	roe	NOUN
gp-317	147	27	by	by	ADP
gp-317	147	28	-0.1815	-0.1815	PROPN
gp-317	147	29	%	%	NOUN
gp-317	147	30	.	.	PUNCT
gp-317	148	1	the	the	DET
gp-317	148	2	r	r	NOUN
gp-317	148	3	-	-	PUNCT
gp-317	148	4	square	square	ADJ
gp-317	148	5	value	value	NOUN
gp-317	148	6	of	of	ADP
gp-317	148	7	0.1258	0.1258	NUM
gp-317	148	8	illustrates	illustrate	VERB
gp-317	148	9	that	that	SCONJ
gp-317	148	10	the	the	DET
gp-317	148	11	contribution	contribution	NOUN
gp-317	148	12	of	of	ADP
gp-317	148	13	the	the	DET
gp-317	148	14	variables	variable	NOUN
gp-317	148	15	bir	bir	NOUN
gp-317	148	16	,	,	PUNCT
gp-317	148	17	exr	exr	PROPN
gp-317	148	18	,	,	PUNCT
gp-317	148	19	dj	dj	NOUN
gp-317	148	20	,	,	PUNCT
gp-317	148	21	size	size	NOUN
gp-317	148	22	,	,	PUNCT
gp-317	148	23	der	der	NOUN
gp-317	148	24	,	,	PUNCT
gp-317	148	25	roa	roa	PROPN
gp-317	148	26	and	and	CCONJ
gp-317	148	27	roe	roe	NOUN
gp-317	148	28	to	to	ADP
gp-317	148	29	the	the	DET
gp-317	148	30	stock	stock	NOUN
gp-317	148	31	return	return	NOUN
gp-317	148	32	is	be	AUX
gp-317	148	33	12.58	12.58	NUM
gp-317	148	34	%	%	NOUN
gp-317	148	35	and	and	CCONJ
gp-317	148	36	the	the	DET
gp-317	148	37	remaining	remain	VERB
gp-317	148	38	87.42	87.42	NUM
gp-317	148	39	%	%	NOUN
gp-317	148	40	.	.	PUNCT
gp-317	149	1	the	the	DET
gp-317	149	2	influence	influence	NOUN
gp-317	149	3	of	of	ADP
gp-317	149	4	monetary	monetary	ADJ
gp-317	149	5	policy	policy	NOUN
gp-317	149	6	,	,	PUNCT
gp-317	149	7	macroeconomic	macroeconomic	ADJ
gp-317	149	8	variables	variable	NOUN
gp-317	149	9	,	,	PUNCT
gp-317	149	10	global	global	ADJ
gp-317	149	11	markets	market	NOUN
gp-317	149	12	,	,	PUNCT
gp-317	149	13	and	and	CCONJ
gp-317	149	14	internal	internal	ADJ
gp-317	149	15	company	company	NOUN
gp-317	149	16	factors	factor	NOUN
gp-317	149	17	on	on	ADP
gp-317	149	18	stock	stock	NOUN
gp-317	149	19	returns	return	NOUN
gp-317	149	20	of	of	ADP
gp-317	149	21	lq45	lq45	PROPN
gp-317	149	22	companies	company	NOUN
gp-317	149	23	on	on	ADP
gp-317	149	24	the	the	DET
gp-317	149	25	indonesian	indonesian	ADJ
gp-317	149	26	stock	stock	PROPN
gp-317	149	27	exchange	exchange	PROPN
gp-317	149	28	1701	1701	NUM
gp-317	149	29	endogeneity	endogeneity	NOUN
gp-317	149	30	test	test	NOUN
gp-317	149	31	table	table	NOUN
gp-317	149	32	2	2	NUM
gp-317	149	33	.	.	PUNCT
gp-317	149	34	endogeneity	endogeneity	NOUN
gp-317	149	35	test	test	NOUN
gp-317	149	36	variable	variable	ADJ
gp-317	149	37	model	model	NOUN
gp-317	149	38	1	1	NUM
gp-317	149	39	model	model	NOUN
gp-317	149	40	2	2	NUM
gp-317	149	41	model	model	NOUN
gp-317	149	42	3	3	NUM
gp-317	149	43	model	model	NOUN
gp-317	149	44	4	4	NUM
gp-317	149	45	prob	prob	NOUN
gp-317	149	46	.	.	PUNCT
gp-317	150	1	durbin	durbin	ADJ
gp-317	150	2	-	-	PUNCT
gp-317	150	3	wu	wu	PROPN
gp-317	150	4	hausmantest	hausmant	ADJ
gp-317	150	5	0.0000	0.0000	NUM
gp-317	150	6	*	*	PUNCT
gp-317	150	7	*	*	PUNCT
gp-317	150	8	*	*	PUNCT
gp-317	150	9	0.0000	0.0000	NUM
gp-317	150	10	*	*	PUNCT
gp-317	150	11	*	*	PUNCT
gp-317	150	12	*	*	PUNCT
gp-317	150	13	0.0000	0.0000	NUM
gp-317	150	14	*	*	PUNCT
gp-317	150	15	*	*	PUNCT
gp-317	150	16	*	*	PUNCT
gp-317	150	17	0.0000	0.0000	NUM
gp-317	150	18	*	*	PUNCT
gp-317	150	19	*	*	PUNCT
gp-317	150	20	*	*	PUNCT
gp-317	150	21	no	no	PRON
gp-317	150	22	of	of	ADP
gp-317	150	23	cross	cross	NOUN
gp-317	150	24	-	-	NOUN
gp-317	150	25	section	section	ADJ
gp-317	150	26	25	25	NUM
gp-317	150	27	25	25	NUM
gp-317	150	28	25	25	NUM
gp-317	150	29	25	25	NUM
gp-317	150	30	no	no	NOUN
gp-317	150	31	of	of	ADP
gp-317	150	32	observation	observation	NOUN
gp-317	150	33	450	450	NUM
gp-317	150	34	450	450	NUM
gp-317	150	35	450	450	NUM
gp-317	150	36	450	450	NUM
gp-317	150	37	symbols	symbol	NOUN
gp-317	150	38	*	*	PUNCT
gp-317	150	39	*	*	PUNCT
gp-317	150	40	is	be	AUX
gp-317	150	41	prob	prob	ADJ
gp-317	150	42	.	.	PUNCT
gp-317	151	1	<	<	X
gp-317	151	2	5	5	NUM
gp-317	151	3	%	%	NOUN
gp-317	151	4	.	.	PUNCT
gp-317	152	1	table	table	NOUN
gp-317	152	2	2	2	NUM
gp-317	152	3	shows	show	VERB
gp-317	152	4	the	the	DET
gp-317	152	5	results	result	NOUN
gp-317	152	6	of	of	ADP
gp-317	152	7	endogeny	endogeny	NOUN
gp-317	152	8	tests	test	NOUN
gp-317	152	9	using	use	VERB
gp-317	152	10	the	the	DET
gp-317	152	11	durbin	durbin	ADJ
gp-317	152	12	-	-	PUNCT
gp-317	152	13	wu	wu	PROPN
gp-317	152	14	hausman	hausman	PROPN
gp-317	152	15	test	test	PROPN
gp-317	152	16	(	(	PUNCT
gp-317	152	17	dwh	dwh	NOUN
gp-317	152	18	)	)	PUNCT
gp-317	152	19	in	in	ADP
gp-317	152	20	the	the	DET
gp-317	152	21	four	four	NUM
gp-317	152	22	models	model	NOUN
gp-317	152	23	tested	test	VERB
gp-317	152	24	.	.	PUNCT
gp-317	153	1	all	all	DET
gp-317	153	2	models	model	NOUN
gp-317	153	3	show	show	VERB
gp-317	153	4	a	a	DET
gp-317	153	5	probability	probability	NOUN
gp-317	153	6	value	value	NOUN
gp-317	153	7	of	of	ADP
gp-317	153	8	0.0000	0.0000	NUM
gp-317	153	9	,	,	PUNCT
gp-317	153	10	which	which	PRON
gp-317	153	11	is	be	AUX
gp-317	153	12	smaller	small	ADJ
gp-317	153	13	than	than	ADP
gp-317	153	14	the	the	DET
gp-317	153	15	significant	significant	ADJ
gp-317	153	16	limit	limit	NOUN
gp-317	153	17	of	of	ADP
gp-317	153	18	5	5	NUM
gp-317	153	19	%	%	NOUN
gp-317	153	20	(	(	PUNCT
gp-317	153	21	*	*	NOUN
gp-317	153	22	*	*	PUNCT
gp-317	153	23	)	)	PUNCT
gp-317	153	24	,	,	PUNCT
gp-317	153	25	indicating	indicate	VERB
gp-317	153	26	the	the	DET
gp-317	153	27	existence	existence	NOUN
gp-317	153	28	of	of	ADP
gp-317	153	29	endogeny	endogeny	NOUN
gp-317	153	30	problems	problem	NOUN
gp-317	153	31	in	in	ADP
gp-317	153	32	the	the	DET
gp-317	153	33	variables	variable	NOUN
gp-317	153	34	used	use	VERB
gp-317	153	35	in	in	ADP
gp-317	153	36	each	each	DET
gp-317	153	37	model	model	NOUN
gp-317	153	38	.	.	PUNCT
gp-317	154	1	in	in	ADP
gp-317	154	2	other	other	ADJ
gp-317	154	3	words	word	NOUN
gp-317	154	4	,	,	PUNCT
gp-317	154	5	there	there	PRON
gp-317	154	6	is	be	VERB
gp-317	154	7	a	a	DET
gp-317	154	8	possibility	possibility	NOUN
gp-317	154	9	of	of	ADP
gp-317	154	10	a	a	DET
gp-317	154	11	negligible	negligible	ADJ
gp-317	154	12	cause	cause	NOUN
gp-317	154	13	-	-	PUNCT
gp-317	154	14	and	and	CCONJ
gp-317	154	15	-	-	PUNCT
gp-317	154	16	effect	effect	NOUN
gp-317	154	17	relationship	relationship	NOUN
gp-317	154	18	between	between	ADP
gp-317	154	19	independent	independent	ADJ
gp-317	154	20	and	and	CCONJ
gp-317	154	21	dependent	dependent	ADJ
gp-317	154	22	variables	variable	NOUN
gp-317	154	23	in	in	ADP
gp-317	154	24	these	these	DET
gp-317	154	25	models	model	NOUN
gp-317	154	26	,	,	PUNCT
gp-317	154	27	so	so	SCONJ
gp-317	154	28	the	the	DET
gp-317	154	29	use	use	NOUN
gp-317	154	30	of	of	ADP
gp-317	154	31	estimation	estimation	NOUN
gp-317	154	32	methods	method	NOUN
gp-317	154	33	such	such	ADJ
gp-317	154	34	as	as	ADP
gp-317	154	35	pooled	pool	VERB
gp-317	154	36	ols	ol	NOUN
gp-317	154	37	(	(	PUNCT
gp-317	154	38	ordinary	ordinary	ADJ
gp-317	154	39	least	least	ADJ
gp-317	154	40	squares	square	NOUN
gp-317	154	41	)	)	PUNCT
gp-317	154	42	can	can	AUX
gp-317	154	43	provide	provide	VERB
gp-317	154	44	biased	biased	ADJ
gp-317	154	45	results	result	NOUN
gp-317	154	46	if	if	SCONJ
gp-317	154	47	this	this	DET
gp-317	154	48	endogenicity	endogenicity	NOUN
gp-317	154	49	problem	problem	NOUN
gp-317	154	50	is	be	AUX
gp-317	154	51	not	not	PART
gp-317	154	52	addressed	address	VERB
gp-317	154	53	.	.	PUNCT
gp-317	155	1	these	these	DET
gp-317	155	2	figures	figure	NOUN
gp-317	155	3	indicate	indicate	VERB
gp-317	155	4	a	a	DET
gp-317	155	5	large	large	ADJ
gp-317	155	6	enough	enough	ADJ
gp-317	155	7	sample	sample	NOUN
gp-317	155	8	size	size	NOUN
gp-317	155	9	to	to	PART
gp-317	155	10	perform	perform	VERB
gp-317	155	11	regression	regression	NOUN
gp-317	155	12	analyses	analysis	NOUN
gp-317	155	13	that	that	PRON
gp-317	155	14	can	can	AUX
gp-317	155	15	provide	provide	VERB
gp-317	155	16	reliable	reliable	ADJ
gp-317	155	17	results	result	NOUN
gp-317	155	18	.	.	PUNCT
gp-317	156	1	however	however	ADV
gp-317	156	2	,	,	PUNCT
gp-317	156	3	it	it	PRON
gp-317	156	4	is	be	AUX
gp-317	156	5	worth	worth	ADJ
gp-317	156	6	noting	note	VERB
gp-317	156	7	that	that	SCONJ
gp-317	156	8	despite	despite	SCONJ
gp-317	156	9	the	the	DET
gp-317	156	10	large	large	ADJ
gp-317	156	11	sample	sample	NOUN
gp-317	156	12	size	size	NOUN
gp-317	156	13	,	,	PUNCT
gp-317	156	14	the	the	DET
gp-317	156	15	results	result	NOUN
gp-317	156	16	of	of	ADP
gp-317	156	17	the	the	DET
gp-317	156	18	dwh	dwh	NOUN
gp-317	156	19	test	test	NOUN
gp-317	156	20	show	show	VERB
gp-317	156	21	that	that	SCONJ
gp-317	156	22	these	these	DET
gp-317	156	23	models	model	NOUN
gp-317	156	24	need	need	VERB
gp-317	156	25	to	to	PART
gp-317	156	26	use	use	VERB
gp-317	156	27	more	more	ADJ
gp-317	156	28	complex	complex	ADJ
gp-317	156	29	estimates	estimate	NOUN
gp-317	156	30	such	such	ADJ
gp-317	156	31	as	as	ADP
gp-317	156	32	fixed	fix	VERB
gp-317	156	33	effect	effect	NOUN
gp-317	156	34	models	model	NOUN
gp-317	156	35	to	to	PART
gp-317	156	36	deal	deal	VERB
gp-317	156	37	with	with	ADP
gp-317	156	38	the	the	DET
gp-317	156	39	endogenicity	endogenicity	NOUN
gp-317	156	40	problem	problem	NOUN
gp-317	156	41	.	.	PUNCT
gp-317	157	1	regression	regression	VERB
gp-317	157	2	generalized	generalized	ADJ
gp-317	157	3	method	method	NOUN
gp-317	157	4	of	of	ADP
gp-317	157	5	moment	moment	NOUN
gp-317	157	6	test	test	NOUN
gp-317	157	7	results	result	NOUN
gp-317	157	8	table	table	VERB
gp-317	157	9	3	3	NUM
gp-317	157	10	.	.	X
gp-317	157	11	panel	panel	NOUN
gp-317	157	12	system	system	NOUN
gp-317	157	13	gmm	gmm	PROPN
gp-317	157	14	estimation	estimation	NOUN
gp-317	157	15	variable	variable	ADJ
gp-317	157	16	dependent	dependent	ADJ
gp-317	157	17	variable	variable	NOUN
gp-317	157	18	:	:	PUNCT
gp-317	157	19	stock	stock	NOUN
gp-317	157	20	return	return	NOUN
gp-317	157	21	(	(	PUNCT
gp-317	157	22	sr	sr	PROPN
gp-317	157	23	)	)	PUNCT
gp-317	157	24	model	model	NOUN
gp-317	157	25	1	1	NUM
gp-317	157	26	model	model	NOUN
gp-317	157	27	2	2	NUM
gp-317	157	28	model	model	NOUN
gp-317	157	29	3	3	NUM
gp-317	157	30	model	model	NOUN
gp-317	157	31	4	4	NUM
gp-317	157	32	sr	sr	PROPN
gp-317	157	33	(	(	PUNCT
gp-317	157	34	-1	-1	ADJ
gp-317	157	35	)	)	PUNCT
gp-317	157	36	-0.1731	-0.1731	NOUN
gp-317	157	37	*	*	PUNCT
gp-317	158	1	*	*	PUNCT
gp-317	158	2	*	*	PUNCT
gp-317	158	3	(	(	PUNCT
gp-317	158	4	0.0192	0.0192	NUM
gp-317	158	5	)	)	PUNCT
gp-317	158	6	-0.2780	-0.2780	NOUN
gp-317	158	7	*	*	PUNCT
gp-317	158	8	*	*	PUNCT
gp-317	158	9	*	*	PUNCT
gp-317	158	10	(	(	PUNCT
gp-317	158	11	0.0243	0.0243	NUM
gp-317	158	12	)	)	PUNCT
gp-317	158	13	-0.2743	-0.2743	PROPN
gp-317	159	1	*	*	PUNCT
gp-317	160	1	*	*	PUNCT
gp-317	160	2	*	*	PUNCT
gp-317	160	3	(	(	PUNCT
gp-317	160	4	0.0265	0.0265	NUM
gp-317	160	5	)	)	PUNCT
gp-317	160	6	-0.2059	-0.2059	NOUN
gp-317	160	7	*	*	PUNCT
gp-317	160	8	*	*	PUNCT
gp-317	160	9	*	*	PUNCT
gp-317	160	10	(	(	PUNCT
gp-317	160	11	0.0297	0.0297	NUM
gp-317	160	12	)	)	PUNCT
gp-317	160	13	a	a	DET
gp-317	160	14	0.0290	0.0290	NUM
gp-317	160	15	*	*	PUNCT
gp-317	160	16	*	*	PUNCT
gp-317	160	17	*	*	PUNCT
gp-317	160	18	(	(	PUNCT
gp-317	160	19	0.0061	0.0061	NUM
gp-317	160	20	)	)	PUNCT
gp-317	160	21	-0.0241	-0.0241	NOUN
gp-317	160	22	*	*	PUNCT
gp-317	160	23	*	*	PUNCT
gp-317	160	24	*	*	PUNCT
gp-317	160	25	(	(	PUNCT
gp-317	160	26	0.0041	0.0041	NUM
gp-317	160	27	)	)	PUNCT
gp-317	160	28	-0.0242	-0.0242	NOUN
gp-317	161	1	*	*	PUNCT
gp-317	161	2	*	*	PUNCT
gp-317	161	3	*	*	PUNCT
gp-317	161	4	(	(	PUNCT
gp-317	161	5	0.0051	0.0051	NUM
gp-317	161	6	)	)	PUNCT
gp-317	161	7	0.0221	0.0221	NUM
gp-317	161	8	*	*	PUNCT
gp-317	161	9	*	*	PUNCT
gp-317	161	10	*	*	PUNCT
gp-317	161	11	(	(	PUNCT
gp-317	161	12	0.0082	0.0082	NUM
gp-317	161	13	)	)	PUNCT
gp-317	161	14	inf	inf	NOUN
gp-317	161	15	-0.0128	-0.0128	NOUN
gp-317	161	16	*	*	PUNCT
gp-317	161	17	*	*	PUNCT
gp-317	161	18	*	*	PUNCT
gp-317	161	19	(	(	PUNCT
gp-317	161	20	0.0034	0.0034	NUM
gp-317	161	21	)	)	PUNCT
gp-317	161	22	-0.0142	-0.0142	NOUN
gp-317	162	1	*	*	PUNCT
gp-317	162	2	*	*	PUNCT
gp-317	162	3	*	*	PUNCT
gp-317	162	4	(	(	PUNCT
gp-317	162	5	0.0029	0.0029	NUM
gp-317	162	6	)	)	PUNCT
gp-317	162	7	exr	exr	NOUN
gp-317	162	8	-0.0001	-0.0001	NOUN
gp-317	163	1	*	*	PUNCT
gp-317	163	2	*	*	PUNCT
gp-317	163	3	*	*	PUNCT
gp-317	163	4	(	(	PUNCT
gp-317	163	5	0.0000	0.0000	NUM
gp-317	163	6	)	)	PUNCT
gp-317	163	7	-0.0001	-0.0001	NOUN
gp-317	164	1	*	*	PUNCT
gp-317	164	2	*	*	PUNCT
gp-317	164	3	*	*	PUNCT
gp-317	164	4	(	(	PUNCT
gp-317	164	5	0.0000	0.0000	NUM
gp-317	164	6	)	)	PUNCT
gp-317	164	7	dj	dj	NOUN
gp-317	164	8	-3.3700	-3.3700	NOUN
gp-317	164	9	*	*	PUNCT
gp-317	164	10	*	*	PUNCT
gp-317	164	11	*	*	PUNCT
gp-317	164	12	(	(	PUNCT
gp-317	164	13	1.2000	1.2000	NUM
gp-317	164	14	)	)	PUNCT
gp-317	164	15	1.0900	1.0900	NUM
gp-317	164	16	(	(	PUNCT
gp-317	164	17	1.5600	1.5600	NUM
gp-317	164	18	)	)	PUNCT
gp-317	164	19	-1.7500	-1.7500	NOUN
gp-317	164	20	(	(	PUNCT
gp-317	164	21	1.7000	1.7000	NUM
gp-317	164	22	)	)	PUNCT
gp-317	164	23	-2.6700	-2.6700	NOUN
gp-317	164	24	*	*	PUNCT
gp-317	164	25	(	(	PUNCT
gp-317	164	26	1.4400	1.4400	NUM
gp-317	164	27	)	)	PUNCT
gp-317	164	28	size	size	NOUN
gp-317	164	29	0.0034	0.0034	NUM
gp-317	164	30	(	(	PUNCT
gp-317	164	31	0.0097	0.0097	NUM
gp-317	164	32	)	)	PUNCT
gp-317	164	33	-0.0080	-0.0080	NOUN
gp-317	164	34	(	(	PUNCT
gp-317	164	35	0.0224	0.0224	NUM
gp-317	164	36	)	)	PUNCT
gp-317	164	37	0.0053	0.0053	NUM
gp-317	164	38	(	(	PUNCT
gp-317	164	39	0.0170	0.0170	NUM
gp-317	164	40	)	)	PUNCT
gp-317	165	1	0.0191	0.0191	NUM
gp-317	165	2	(	(	PUNCT
gp-317	165	3	0.01360	0.01360	NUM
gp-317	165	4	)	)	PUNCT
gp-317	165	5	the	the	DET
gp-317	165	6	0.0296	0.0296	NUM
gp-317	165	7	*	*	PUNCT
gp-317	165	8	*	*	PUNCT
gp-317	165	9	*	*	PUNCT
gp-317	165	10	(	(	PUNCT
gp-317	165	11	0.0051	0.0051	NUM
gp-317	165	12	)	)	PUNCT
gp-317	165	13	0.03221	0.03221	NUM
gp-317	165	14	*	*	PUNCT
gp-317	165	15	*	*	PUNCT
gp-317	165	16	*	*	PUNCT
gp-317	165	17	(	(	PUNCT
gp-317	165	18	0.0065	0.0065	NUM
gp-317	165	19	)	)	PUNCT
gp-317	165	20	0.0260	0.0260	NUM
gp-317	165	21	*	*	PUNCT
gp-317	165	22	*	*	PUNCT
gp-317	165	23	*	*	PUNCT
gp-317	165	24	(	(	PUNCT
gp-317	165	25	0.0044	0.0044	NUM
gp-317	165	26	)	)	PUNCT
gp-317	165	27	0.0342	0.0342	NUM
gp-317	165	28	*	*	PUNCT
gp-317	165	29	*	*	PUNCT
gp-317	165	30	*	*	PUNCT
gp-317	165	31	(	(	PUNCT
gp-317	165	32	0.0073	0.0073	NUM
gp-317	165	33	)	)	PUNCT
gp-317	165	34	length	length	NOUN
gp-317	165	35	0.2166	0.2166	NUM
gp-317	165	36	*	*	PUNCT
gp-317	165	37	*	*	PUNCT
gp-317	165	38	*	*	PUNCT
gp-317	165	39	(	(	PUNCT
gp-317	165	40	0.0710	0.0710	NUM
gp-317	165	41	)	)	PUNCT
gp-317	165	42	0.0579	0.0579	NUM
gp-317	165	43	(	(	PUNCT
gp-317	165	44	0.3831	0.3831	NUM
gp-317	165	45	)	)	PUNCT
gp-317	165	46	roe	roe	NOUN
gp-317	165	47	0.0404	0.0404	NUM
gp-317	165	48	*	*	PUNCT
gp-317	165	49	*	*	PUNCT
gp-317	165	50	*	*	PUNCT
gp-317	165	51	(	(	PUNCT
gp-317	165	52	0.0114	0.0114	NUM
gp-317	165	53	)	)	PUNCT
gp-317	165	54	0.0090	0.0090	NUM
gp-317	165	55	(	(	PUNCT
gp-317	165	56	0.1083	0.1083	NUM
gp-317	165	57	)	)	PUNCT
gp-317	165	58	c	c	NOUN
gp-317	165	59	1.4407	1.4407	NUM
gp-317	165	60	*	*	PUNCT
gp-317	165	61	*	*	PUNCT
gp-317	165	62	*	*	PUNCT
gp-317	165	63	(	(	PUNCT
gp-317	165	64	0.2090	0.2090	NUM
gp-317	165	65	)	)	PUNCT
gp-317	165	66	0.2500	0.2500	NUM
gp-317	165	67	(	(	PUNCT
gp-317	165	68	0.4096	0.4096	NUM
gp-317	165	69	)	)	PUNCT
gp-317	165	70	0.0381	0.0381	NUM
gp-317	165	71	(	(	PUNCT
gp-317	165	72	0.3049	0.3049	NUM
gp-317	165	73	)	)	PUNCT
gp-317	165	74	1.0219	1.0219	NUM
gp-317	165	75	*	*	PUNCT
gp-317	165	76	*	*	PUNCT
gp-317	165	77	0.4273	0.4273	NUM
gp-317	165	78	ar(1	ar(1	NOUN
gp-317	165	79	)	)	PUNCT
gp-317	165	80	(	(	PUNCT
gp-317	165	81	p	p	NOUN
gp-317	165	82	-	-	PUNCT
gp-317	165	83	value	value	NOUN
gp-317	165	84	)	)	PUNCT
gp-317	165	85	0.0001	0.0001	NUM
gp-317	165	86	0.0003	0.0003	NUM
gp-317	165	87	0.0003	0.0003	NUM
gp-317	165	88	0.0002	0.0002	NUM
gp-317	165	89	ar(2	ar(2	NOUN
gp-317	165	90	)	)	PUNCT
gp-317	165	91	(	(	PUNCT
gp-317	165	92	p	p	NOUN
gp-317	165	93	-	-	PUNCT
gp-317	165	94	value	value	NOUN
gp-317	165	95	)	)	PUNCT
gp-317	165	96	0.6265	0.6265	NUM
gp-317	165	97	0.1382	0.1382	NUM
gp-317	165	98	0.0851	0.0851	NUM
gp-317	165	99	0.3594	0.3594	NUM
gp-317	165	100	sargan	sargan	VERB
gp-317	165	101	test	test	NOUN
gp-317	165	102	(	(	PUNCT
gp-317	165	103	p	p	NOUN
gp-317	165	104	-	-	PUNCT
gp-317	165	105	value	value	NOUN
gp-317	165	106	)	)	PUNCT
gp-317	165	107	0.9752	0.9752	NUM
gp-317	165	108	0.9914	0.9914	NUM
gp-317	165	109	0.9938	0.9938	NUM
gp-317	165	110	0.9953	0.9953	NUM
gp-317	165	111	no	no	NOUN
gp-317	165	112	.	.	PUNCT
gp-317	166	1	of	of	ADP
gp-317	166	2	cross	cross	NOUN
gp-317	166	3	-	-	NOUN
gp-317	166	4	section	section	ADJ
gp-317	166	5	25	25	NUM
gp-317	166	6	25	25	NUM
gp-317	166	7	25	25	NUM
gp-317	166	8	25	25	NUM
gp-317	166	9	no	no	NOUN
gp-317	166	10	.	.	PUNCT
gp-317	167	1	of	of	ADP
gp-317	167	2	observation	observation	NOUN
gp-317	167	3	425	425	NUM
gp-317	167	4	425	425	NUM
gp-317	167	5	425	425	NUM
gp-317	167	6	425	425	NUM
gp-317	167	7	note	note	NOUN
gp-317	167	8	:	:	PUNCT
gp-317	167	9	symbols	symbol	NOUN
gp-317	167	10	*	*	PUNCT
gp-317	167	11	is	be	AUX
gp-317	167	12	prob	prob	ADJ
gp-317	167	13	.	.	PUNCT
gp-317	168	1	<	<	X
gp-317	168	2	10	10	NUM
gp-317	168	3	%	%	NOUN
gp-317	168	4	,	,	PUNCT
gp-317	168	5	*	*	PUNCT
gp-317	168	6	*	*	PUNCT
gp-317	168	7	is	be	AUX
gp-317	168	8	prob	prob	ADJ
gp-317	168	9	.	.	PUNCT
gp-317	169	1	<	<	X
gp-317	169	2	5	5	NUM
gp-317	169	3	%	%	NOUN
gp-317	169	4	,	,	PUNCT
gp-317	169	5	and	and	CCONJ
gp-317	169	6	*	*	PUNCT
gp-317	170	1	*	*	PUNCT
gp-317	170	2	*	*	PUNCT
gp-317	170	3	is	be	AUX
gp-317	170	4	prob	prob	ADJ
gp-317	170	5	.	.	PUNCT
gp-317	171	1	<	<	X
gp-317	171	2	1	1	NUM
gp-317	171	3	%	%	NOUN
gp-317	171	4	.	.	PUNCT
gp-317	172	1	the	the	DET
gp-317	172	2	table	table	NOUN
gp-317	172	3	above	above	ADV
gp-317	172	4	shows	show	VERB
gp-317	172	5	the	the	DET
gp-317	172	6	results	result	NOUN
gp-317	172	7	of	of	ADP
gp-317	172	8	the	the	DET
gp-317	172	9	estimation	estimation	NOUN
gp-317	172	10	using	use	VERB
gp-317	172	11	the	the	DET
gp-317	172	12	panel	panel	NOUN
gp-317	172	13	system	system	NOUN
gp-317	172	14	gmm	gmm	PROPN
gp-317	172	15	estimation	estimation	VERB
gp-317	172	16	the	the	DET
gp-317	172	17	influence	influence	NOUN
gp-317	172	18	of	of	ADP
gp-317	172	19	monetary	monetary	ADJ
gp-317	172	20	policy	policy	NOUN
gp-317	172	21	,	,	PUNCT
gp-317	172	22	macroeconomic	macroeconomic	ADJ
gp-317	172	23	variables	variable	NOUN
gp-317	172	24	,	,	PUNCT
gp-317	172	25	global	global	ADJ
gp-317	172	26	markets	market	NOUN
gp-317	172	27	,	,	PUNCT
gp-317	172	28	and	and	CCONJ
gp-317	172	29	internal	internal	ADJ
gp-317	172	30	company	company	NOUN
gp-317	172	31	factors	factor	NOUN
gp-317	172	32	on	on	ADP
gp-317	172	33	stock	stock	NOUN
gp-317	172	34	returns	return	NOUN
gp-317	172	35	of	of	ADP
gp-317	172	36	lq45	lq45	PROPN
gp-317	172	37	companies	company	NOUN
gp-317	172	38	on	on	ADP
gp-317	172	39	the	the	DET
gp-317	172	40	indonesian	indonesian	ADJ
gp-317	172	41	stock	stock	PROPN
gp-317	172	42	exchange	exchange	PROPN
gp-317	172	43	1702	1702	NUM
gp-317	172	44	model	model	NOUN
gp-317	172	45	1	1	NUM
gp-317	172	46	in	in	ADP
gp-317	172	47	this	this	DET
gp-317	172	48	model	model	NOUN
gp-317	172	49	,	,	PUNCT
gp-317	172	50	only	only	ADV
gp-317	172	51	one	one	NUM
gp-317	172	52	dependent	dependent	ADJ
gp-317	172	53	variable	variable	NOUN
gp-317	172	54	is	be	AUX
gp-317	172	55	used	use	VERB
gp-317	172	56	,	,	PUNCT
gp-317	172	57	which	which	PRON
gp-317	172	58	is	be	AUX
gp-317	172	59	"	"	PUNCT
gp-317	172	60	sr	sr	PROPN
gp-317	172	61	"	"	PUNCT
gp-317	172	62	which	which	PRON
gp-317	172	63	is	be	AUX
gp-317	172	64	the	the	DET
gp-317	172	65	value	value	NOUN
gp-317	172	66	of	of	ADP
gp-317	172	67	"	"	PUNCT
gp-317	172	68	stock	stock	NOUN
gp-317	172	69	return	return	NOUN
gp-317	172	70	"	"	PUNCT
gp-317	172	71	.	.	PUNCT
gp-317	173	1	it	it	PRON
gp-317	173	2	can	can	AUX
gp-317	173	3	be	be	AUX
gp-317	173	4	known	know	VERB
gp-317	173	5	that	that	SCONJ
gp-317	173	6	the	the	DET
gp-317	173	7	coefficient	coefficient	NOUN
gp-317	173	8	of	of	ADP
gp-317	173	9	stock	stock	NOUN
gp-317	173	10	return	return	NOUN
gp-317	173	11	(	(	PUNCT
gp-317	173	12	sr	sr	PROPN
gp-317	173	13	)	)	PUNCT
gp-317	173	14	is	be	AUX
gp-317	173	15	-0.1731	-0.1731	NOUN
gp-317	173	16	which	which	PRON
gp-317	173	17	indicates	indicate	VERB
gp-317	173	18	that	that	SCONJ
gp-317	173	19	this	this	DET
gp-317	173	20	coefficient	coefficient	NOUN
gp-317	173	21	is	be	AUX
gp-317	173	22	statistically	statistically	ADV
gp-317	173	23	significant	significant	ADJ
gp-317	173	24	.	.	PUNCT
gp-317	174	1	this	this	PRON
gp-317	174	2	means	mean	VERB
gp-317	174	3	that	that	SCONJ
gp-317	174	4	any	any	DET
gp-317	174	5	1	1	NUM
gp-317	174	6	percent	percent	NOUN
gp-317	174	7	increase	increase	NOUN
gp-317	174	8	in	in	ADP
gp-317	174	9	stock	stock	NOUN
gp-317	174	10	return	return	NOUN
gp-317	174	11	in	in	ADP
gp-317	174	12	the	the	DET
gp-317	174	13	previous	previous	ADJ
gp-317	174	14	period	period	NOUN
gp-317	174	15	will	will	AUX
gp-317	174	16	result	result	VERB
gp-317	174	17	in	in	ADP
gp-317	174	18	a	a	DET
gp-317	174	19	decrease	decrease	NOUN
gp-317	174	20	of	of	ADP
gp-317	174	21	-0.1731	-0.1731	NOUN
gp-317	174	22	%	%	NOUN
gp-317	174	23	in	in	ADP
gp-317	174	24	the	the	DET
gp-317	174	25	current	current	ADJ
gp-317	174	26	period	period	NOUN
gp-317	174	27	.	.	PUNCT
gp-317	175	1	the	the	DET
gp-317	175	2	bir	bir	PROPN
gp-317	175	3	coefficient	coefficient	NOUN
gp-317	175	4	is	be	AUX
gp-317	175	5	0.0290	0.0290	NUM
gp-317	175	6	,	,	PUNCT
gp-317	175	7	meaning	mean	VERB
gp-317	175	8	that	that	SCONJ
gp-317	175	9	if	if	SCONJ
gp-317	175	10	there	there	PRON
gp-317	175	11	is	be	VERB
gp-317	175	12	an	an	DET
gp-317	175	13	increase	increase	NOUN
gp-317	175	14	in	in	ADP
gp-317	175	15	stock	stock	NOUN
gp-317	175	16	a	a	DET
gp-317	175	17	return	return	NOUN
gp-317	175	18	of	of	ADP
gp-317	175	19	1	1	NUM
gp-317	175	20	%	%	NOUN
gp-317	175	21	of	of	ADP
gp-317	175	22	the	the	DET
gp-317	175	23	study	study	NOUN
gp-317	175	24	will	will	AUX
gp-317	175	25	increase	increase	VERB
gp-317	175	26	in	in	ADP
gp-317	175	27	bir	bir	NOUN
gp-317	175	28	by	by	ADP
gp-317	175	29	0.0290	0.0290	NUM
gp-317	175	30	%	%	NOUN
gp-317	175	31	.	.	PUNCT
gp-317	176	1	the	the	DET
gp-317	176	2	exr	exr	PROPN
gp-317	176	3	coefficient	coefficient	NOUN
gp-317	176	4	is	be	AUX
gp-317	176	5	0.0001	0.0001	NUM
gp-317	176	6	,	,	PUNCT
gp-317	176	7	meaning	mean	VERB
gp-317	176	8	that	that	SCONJ
gp-317	176	9	if	if	SCONJ
gp-317	176	10	there	there	PRON
gp-317	176	11	is	be	VERB
gp-317	176	12	an	an	DET
gp-317	176	13	increase	increase	NOUN
gp-317	176	14	in	in	ADP
gp-317	176	15	stock	stock	NOUN
gp-317	176	16	return	return	NOUN
gp-317	176	17	by	by	ADP
gp-317	176	18	1	1	NUM
gp-317	176	19	%	%	NOUN
gp-317	176	20	,	,	PUNCT
gp-317	176	21	the	the	DET
gp-317	176	22	study	study	NOUN
gp-317	176	23	will	will	AUX
gp-317	176	24	reduce	reduce	VERB
gp-317	176	25	the	the	DET
gp-317	176	26	exr	exr	NOUN
gp-317	176	27	by	by	ADP
gp-317	176	28	-0.0001	-0.0001	NOUN
gp-317	176	29	%	%	NOUN
gp-317	176	30	.	.	PUNCT
gp-317	177	1	the	the	DET
gp-317	177	2	dj	dj	NOUN
gp-317	177	3	coefficient	coefficient	NOUN
gp-317	177	4	is	be	AUX
gp-317	177	5	-3.3700	-3.3700	NOUN
gp-317	177	6	,	,	PUNCT
gp-317	177	7	meaning	mean	VERB
gp-317	177	8	that	that	SCONJ
gp-317	177	9	if	if	SCONJ
gp-317	177	10	there	there	PRON
gp-317	177	11	is	be	VERB
gp-317	177	12	an	an	DET
gp-317	177	13	increase	increase	NOUN
gp-317	177	14	in	in	ADP
gp-317	177	15	stock	stock	NOUN
gp-317	177	16	return	return	NOUN
gp-317	177	17	by	by	ADP
gp-317	177	18	1	1	NUM
gp-317	177	19	%	%	NOUN
gp-317	177	20	,	,	PUNCT
gp-317	177	21	the	the	DET
gp-317	177	22	research	research	NOUN
gp-317	177	23	will	will	AUX
gp-317	177	24	decrease	decrease	VERB
gp-317	177	25	in	in	ADP
gp-317	177	26	dj	dj	NOUN
gp-317	177	27	by	by	ADP
gp-317	177	28	-3.3700	-3.3700	NOUN
gp-317	177	29	%	%	NOUN
gp-317	177	30	.	.	PUNCT
gp-317	178	1	the	the	DET
gp-317	178	2	size	size	NOUN
gp-317	178	3	coefficient	coefficient	NOUN
gp-317	178	4	is	be	AUX
gp-317	178	5	0.0034	0.0034	NUM
gp-317	178	6	,	,	PUNCT
gp-317	178	7	which	which	PRON
gp-317	178	8	means	mean	VERB
gp-317	178	9	that	that	SCONJ
gp-317	178	10	if	if	SCONJ
gp-317	178	11	there	there	PRON
gp-317	178	12	is	be	VERB
gp-317	178	13	an	an	DET
gp-317	178	14	increase	increase	NOUN
gp-317	178	15	in	in	ADP
gp-317	178	16	stock	stock	NOUN
gp-317	178	17	return	return	NOUN
gp-317	178	18	by	by	ADP
gp-317	178	19	1	1	NUM
gp-317	178	20	%	%	NOUN
gp-317	178	21	of	of	ADP
gp-317	178	22	the	the	DET
gp-317	178	23	research	research	NOUN
gp-317	178	24	,	,	PUNCT
gp-317	178	25	there	there	PRON
gp-317	178	26	will	will	AUX
gp-317	178	27	be	be	AUX
gp-317	178	28	an	an	DET
gp-317	178	29	increase	increase	NOUN
gp-317	178	30	in	in	ADP
gp-317	178	31	size	size	NOUN
gp-317	178	32	of	of	ADP
gp-317	178	33	0.0034	0.0034	NUM
gp-317	178	34	%	%	NOUN
gp-317	178	35	.	.	PUNCT
gp-317	179	1	the	the	DET
gp-317	179	2	der	der	ADJ
gp-317	179	3	coefficient	coefficient	NOUN
gp-317	179	4	is	be	AUX
gp-317	179	5	0.0296	0.0296	NUM
gp-317	179	6	,	,	PUNCT
gp-317	179	7	meaning	mean	VERB
gp-317	179	8	that	that	SCONJ
gp-317	179	9	if	if	SCONJ
gp-317	179	10	there	there	PRON
gp-317	179	11	is	be	VERB
gp-317	179	12	an	an	DET
gp-317	179	13	increase	increase	NOUN
gp-317	179	14	in	in	ADP
gp-317	179	15	stock	stock	NOUN
gp-317	179	16	return	return	NOUN
gp-317	179	17	by	by	ADP
gp-317	179	18	1	1	NUM
gp-317	179	19	%	%	NOUN
gp-317	179	20	of	of	ADP
gp-317	179	21	the	the	DET
gp-317	179	22	research	research	NOUN
gp-317	179	23	,	,	PUNCT
gp-317	179	24	there	there	PRON
gp-317	179	25	will	will	AUX
gp-317	179	26	be	be	AUX
gp-317	179	27	an	an	DET
gp-317	179	28	increase	increase	NOUN
gp-317	179	29	in	in	ADP
gp-317	179	30	der	der	NOUN
gp-317	179	31	of	of	ADP
gp-317	179	32	0.0296	0.0296	NUM
gp-317	179	33	%	%	NOUN
gp-317	179	34	.	.	PUNCT
gp-317	180	1	the	the	DET
gp-317	180	2	results	result	NOUN
gp-317	180	3	of	of	ADP
gp-317	180	4	the	the	DET
gp-317	180	5	arellano	arellano	PROPN
gp-317	180	6	-	-	PUNCT
gp-317	180	7	bond	bond	NOUN
gp-317	180	8	test	test	NOUN
gp-317	180	9	on	on	ADP
gp-317	180	10	the	the	DET
gp-317	180	11	sym	sym	PROPN
gp-317	180	12	-	-	PUNCT
gp-317	180	13	gmm	gmm	PROPN
gp-317	180	14	model	model	NOUN
gp-317	180	15	have	have	VERB
gp-317	180	16	a	a	DET
gp-317	180	17	pvalue	pvalue	NOUN
gp-317	180	18	value	value	NOUN
gp-317	180	19	(	(	PUNCT
gp-317	180	20	ar1	ar1	PROPN
gp-317	180	21	)	)	PUNCT
gp-317	180	22	<	<	X
gp-317	180	23	a	a	DET
gp-317	180	24	(	(	PUNCT
gp-317	180	25	0.05	0.05	NUM
gp-317	180	26	)	)	PUNCT
gp-317	180	27	and	and	CCONJ
gp-317	180	28	a	a	DET
gp-317	180	29	pvalue	pvalue	NOUN
gp-317	180	30	value	value	NOUN
gp-317	180	31	(	(	PUNCT
gp-317	180	32	ar2	ar2	PROPN
gp-317	180	33	)	)	PUNCT
gp-317	180	34	>	>	X
gp-317	181	1	a	a	DET
gp-317	181	2	(	(	PUNCT
gp-317	181	3	0.05	0.05	NUM
gp-317	181	4	)	)	PUNCT
gp-317	181	5	thus	thus	ADV
gp-317	181	6	,	,	PUNCT
gp-317	181	7	the	the	DET
gp-317	181	8	test	test	NOUN
gp-317	181	9	results	result	NOUN
gp-317	181	10	accept	accept	VERB
gp-317	181	11	h0	h0	NOUN
gp-317	181	12	in	in	ADP
gp-317	181	13	accordance	accordance	NOUN
gp-317	181	14	with	with	ADP
gp-317	181	15	the	the	DET
gp-317	181	16	conditions	condition	NOUN
gp-317	181	17	of	of	ADP
gp-317	181	18	the	the	DET
gp-317	181	19	ab	ab	PROPN
gp-317	181	20	test	test	NOUN
gp-317	181	21	,	,	PUNCT
gp-317	181	22	namely	namely	ADV
gp-317	181	23	in	in	ADP
gp-317	181	24	ar(1	ar(1	NOUN
gp-317	181	25	)	)	PUNCT
gp-317	181	26	have	have	VERB
gp-317	181	27	significant	significant	ADJ
gp-317	181	28	results	result	NOUN
gp-317	181	29	,	,	PUNCT
gp-317	181	30	while	while	SCONJ
gp-317	181	31	in	in	ADP
gp-317	181	32	ar(2	ar(2	NOUN
gp-317	181	33	)	)	PUNCT
gp-317	181	34	have	have	VERB
gp-317	181	35	insignificant	insignificant	ADJ
gp-317	181	36	results	result	NOUN
gp-317	181	37	.	.	PUNCT
gp-317	182	1	so	so	ADV
gp-317	182	2	it	it	PRON
gp-317	182	3	can	can	AUX
gp-317	182	4	be	be	AUX
gp-317	182	5	concluded	conclude	VERB
gp-317	182	6	that	that	SCONJ
gp-317	182	7	the	the	DET
gp-317	182	8	results	result	NOUN
gp-317	182	9	of	of	ADP
gp-317	182	10	the	the	DET
gp-317	182	11	gmm	gmm	PROPN
gp-317	182	12	model	model	NOUN
gp-317	182	13	estimation	estimation	NOUN
gp-317	182	14	in	in	ADP
gp-317	182	15	this	this	DET
gp-317	182	16	study	study	NOUN
gp-317	182	17	passed	pass	VERB
gp-317	182	18	the	the	DET
gp-317	182	19	arellano	arellano	PROPN
gp-317	182	20	-	-	PUNCT
gp-317	182	21	bond	bond	NOUN
gp-317	182	22	test	test	NOUN
gp-317	182	23	,	,	PUNCT
gp-317	182	24	which	which	PRON
gp-317	182	25	means	mean	VERB
gp-317	182	26	that	that	SCONJ
gp-317	182	27	the	the	DET
gp-317	182	28	estimation	estimation	NOUN
gp-317	182	29	results	result	NOUN
gp-317	182	30	are	be	AUX
gp-317	182	31	declared	declare	VERB
gp-317	182	32	consistent	consistent	ADJ
gp-317	182	33	and	and	CCONJ
gp-317	182	34	there	there	PRON
gp-317	182	35	is	be	VERB
gp-317	182	36	no	no	DET
gp-317	182	37	autocorrelation	autocorrelation	NOUN
gp-317	182	38	.	.	PUNCT
gp-317	183	1	the	the	DET
gp-317	183	2	results	result	NOUN
gp-317	183	3	of	of	ADP
gp-317	183	4	the	the	DET
gp-317	183	5	sargan	sargan	ADJ
gp-317	183	6	test	test	NOUN
gp-317	183	7	on	on	ADP
gp-317	183	8	the	the	DET
gp-317	183	9	sym	sym	PROPN
gp-317	183	10	-	-	PUNCT
gp-317	183	11	gmm	gmm	PROPN
gp-317	183	12	model	model	NOUN
gp-317	183	13	had	have	VERB
gp-317	183	14	a	a	DET
gp-317	183	15	pvalue	pvalue	NOUN
gp-317	183	16	value	value	NOUN
gp-317	183	17	of	of	ADP
gp-317	183	18	>	>	X
gp-317	183	19	a	a	DET
gp-317	183	20	(	(	PUNCT
gp-317	183	21	0.05	0.05	NUM
gp-317	183	22	)	)	PUNCT
gp-317	183	23	.	.	PUNCT
gp-317	184	1	thus	thus	ADV
gp-317	184	2	,	,	PUNCT
gp-317	184	3	the	the	DET
gp-317	184	4	test	test	NOUN
gp-317	184	5	results	result	NOUN
gp-317	184	6	received	receive	VERB
gp-317	184	7	h0	h0	PROPN
gp-317	184	8	,	,	PUNCT
gp-317	184	9	so	so	SCONJ
gp-317	184	10	it	it	PRON
gp-317	184	11	can	can	AUX
gp-317	184	12	be	be	AUX
gp-317	184	13	concluded	conclude	VERB
gp-317	184	14	that	that	SCONJ
gp-317	184	15	the	the	DET
gp-317	184	16	gmm	gmm	PROPN
gp-317	184	17	model	model	PROPN
gp-317	184	18	estimation	estimation	NOUN
gp-317	184	19	results	result	NOUN
gp-317	184	20	in	in	ADP
gp-317	184	21	this	this	DET
gp-317	184	22	model	model	NOUN
gp-317	184	23	passed	pass	VERB
gp-317	184	24	the	the	DET
gp-317	184	25	sargan	sargan	ADJ
gp-317	184	26	test	test	NOUN
gp-317	184	27	,	,	PUNCT
gp-317	184	28	which	which	PRON
gp-317	184	29	means	mean	VERB
gp-317	184	30	that	that	SCONJ
gp-317	184	31	the	the	DET
gp-317	184	32	estimation	estimation	NOUN
gp-317	184	33	results	result	NOUN
gp-317	184	34	were	be	AUX
gp-317	184	35	declared	declare	VERB
gp-317	184	36	valid	valid	ADJ
gp-317	184	37	.	.	PUNCT
gp-317	185	1	model	model	NOUN
gp-317	185	2	2	2	NUM
gp-317	185	3	in	in	ADP
gp-317	185	4	this	this	DET
gp-317	185	5	model	model	NOUN
gp-317	185	6	,	,	PUNCT
gp-317	185	7	only	only	ADV
gp-317	185	8	one	one	NUM
gp-317	185	9	dependent	dependent	ADJ
gp-317	185	10	variable	variable	NOUN
gp-317	185	11	is	be	AUX
gp-317	185	12	used	use	VERB
gp-317	185	13	,	,	PUNCT
gp-317	185	14	which	which	PRON
gp-317	185	15	is	be	AUX
gp-317	185	16	"	"	PUNCT
gp-317	185	17	sr	sr	PROPN
gp-317	185	18	"	"	PUNCT
gp-317	185	19	which	which	PRON
gp-317	185	20	is	be	AUX
gp-317	185	21	the	the	DET
gp-317	185	22	value	value	NOUN
gp-317	185	23	of	of	ADP
gp-317	185	24	"	"	PUNCT
gp-317	185	25	stock	stock	NOUN
gp-317	185	26	return	return	NOUN
gp-317	185	27	"	"	PUNCT
gp-317	185	28	.	.	PUNCT
gp-317	186	1	it	it	PRON
gp-317	186	2	can	can	AUX
gp-317	186	3	be	be	AUX
gp-317	186	4	seen	see	VERB
gp-317	186	5	that	that	SCONJ
gp-317	186	6	the	the	DET
gp-317	186	7	coefficient	coefficient	NOUN
gp-317	186	8	of	of	ADP
gp-317	186	9	stock	stock	NOUN
gp-317	186	10	return	return	NOUN
gp-317	186	11	(	(	PUNCT
gp-317	186	12	sr	sr	PROPN
gp-317	186	13	)	)	PUNCT
gp-317	186	14	is	be	AUX
gp-317	186	15	-0.2780	-0.2780	ADJ
gp-317	186	16	which	which	PRON
gp-317	186	17	indicates	indicate	VERB
gp-317	186	18	that	that	SCONJ
gp-317	186	19	this	this	DET
gp-317	186	20	coefficient	coefficient	NOUN
gp-317	186	21	is	be	AUX
gp-317	186	22	statistically	statistically	ADV
gp-317	186	23	significant	significant	ADJ
gp-317	186	24	.	.	PUNCT
gp-317	187	1	this	this	PRON
gp-317	187	2	means	mean	VERB
gp-317	187	3	that	that	SCONJ
gp-317	187	4	any	any	DET
gp-317	187	5	1	1	NUM
gp-317	187	6	percent	percent	NOUN
gp-317	187	7	increase	increase	NOUN
gp-317	187	8	in	in	ADP
gp-317	187	9	stock	stock	NOUN
gp-317	187	10	return	return	NOUN
gp-317	187	11	in	in	ADP
gp-317	187	12	the	the	DET
gp-317	187	13	previous	previous	ADJ
gp-317	187	14	period	period	NOUN
gp-317	187	15	will	will	AUX
gp-317	187	16	result	result	VERB
gp-317	187	17	in	in	ADP
gp-317	187	18	a	a	DET
gp-317	187	19	decrease	decrease	NOUN
gp-317	187	20	of	of	ADP
gp-317	187	21	-0.2780	-0.2780	ADJ
gp-317	187	22	%	%	NOUN
gp-317	187	23	in	in	ADP
gp-317	187	24	the	the	DET
gp-317	187	25	current	current	ADJ
gp-317	187	26	period	period	NOUN
gp-317	187	27	.	.	PUNCT
gp-317	188	1	the	the	DET
gp-317	188	2	bir	bir	PROPN
gp-317	188	3	coefficient	coefficient	NOUN
gp-317	188	4	is	be	AUX
gp-317	188	5	-0.0241	-0.0241	ADJ
gp-317	188	6	,	,	PUNCT
gp-317	188	7	meaning	mean	VERB
gp-317	188	8	that	that	SCONJ
gp-317	188	9	if	if	SCONJ
gp-317	188	10	there	there	PRON
gp-317	188	11	is	be	VERB
gp-317	188	12	an	an	DET
gp-317	188	13	increase	increase	NOUN
gp-317	188	14	in	in	ADP
gp-317	188	15	stock	stock	NOUN
gp-317	188	16	the	the	DET
gp-317	188	17	return	return	NOUN
gp-317	188	18	of	of	ADP
gp-317	188	19	1	1	NUM
gp-317	188	20	%	%	NOUN
gp-317	188	21	of	of	ADP
gp-317	188	22	the	the	DET
gp-317	188	23	study	study	NOUN
gp-317	188	24	will	will	AUX
gp-317	188	25	reduce	reduce	VERB
gp-317	188	26	the	the	DET
gp-317	188	27	bir	bir	NOUN
gp-317	188	28	by	by	ADP
gp-317	188	29	-0.0241	-0.0241	PROPN
gp-317	188	30	%	%	NOUN
gp-317	188	31	.	.	PUNCT
gp-317	189	1	the	the	DET
gp-317	189	2	inf	inf	PROPN
gp-317	189	3	coefficient	coefficient	NOUN
gp-317	189	4	is	be	AUX
gp-317	189	5	0.0128	0.0128	NUM
gp-317	189	6	,	,	PUNCT
gp-317	189	7	meaning	mean	VERB
gp-317	189	8	that	that	SCONJ
gp-317	189	9	if	if	SCONJ
gp-317	189	10	there	there	PRON
gp-317	189	11	is	be	VERB
gp-317	189	12	an	an	DET
gp-317	189	13	increase	increase	NOUN
gp-317	189	14	in	in	ADP
gp-317	189	15	stock	stock	NOUN
gp-317	189	16	return	return	NOUN
gp-317	189	17	by	by	ADP
gp-317	189	18	1	1	NUM
gp-317	189	19	%	%	NOUN
gp-317	189	20	,	,	PUNCT
gp-317	189	21	the	the	DET
gp-317	189	22	study	study	NOUN
gp-317	189	23	will	will	AUX
gp-317	189	24	decrease	decrease	VERB
gp-317	189	25	the	the	DET
gp-317	189	26	inf	inf	NOUN
gp-317	189	27	by	by	ADP
gp-317	189	28	-0.0128	-0.0128	NOUN
gp-317	189	29	%	%	NOUN
gp-317	189	30	.	.	PUNCT
gp-317	190	1	the	the	DET
gp-317	190	2	dj	dj	NOUN
gp-317	190	3	coefficient	coefficient	NOUN
gp-317	190	4	is	be	AUX
gp-317	190	5	1.0880	1.0880	NUM
gp-317	190	6	,	,	PUNCT
gp-317	190	7	meaning	mean	VERB
gp-317	190	8	that	that	SCONJ
gp-317	190	9	if	if	SCONJ
gp-317	190	10	there	there	PRON
gp-317	190	11	is	be	VERB
gp-317	190	12	an	an	DET
gp-317	190	13	increase	increase	NOUN
gp-317	190	14	in	in	ADP
gp-317	190	15	stock	stock	NOUN
gp-317	190	16	return	return	NOUN
gp-317	190	17	by	by	ADP
gp-317	190	18	1	1	NUM
gp-317	190	19	%	%	NOUN
gp-317	190	20	of	of	ADP
gp-317	190	21	the	the	DET
gp-317	190	22	research	research	NOUN
gp-317	190	23	,	,	PUNCT
gp-317	190	24	there	there	PRON
gp-317	190	25	will	will	AUX
gp-317	190	26	be	be	AUX
gp-317	190	27	an	an	DET
gp-317	190	28	increase	increase	NOUN
gp-317	190	29	in	in	ADP
gp-317	190	30	dj	dj	NOUN
gp-317	190	31	by	by	ADP
gp-317	190	32	1.0900	1.0900	NUM
gp-317	190	33	%	%	NOUN
gp-317	190	34	.	.	PUNCT
gp-317	191	1	the	the	DET
gp-317	191	2	size	size	NOUN
gp-317	191	3	coefficient	coefficient	NOUN
gp-317	191	4	is	be	AUX
gp-317	191	5	-0.0080	-0.0080	ADJ
gp-317	191	6	,	,	PUNCT
gp-317	191	7	meaning	mean	VERB
gp-317	191	8	that	that	SCONJ
gp-317	191	9	if	if	SCONJ
gp-317	191	10	there	there	PRON
gp-317	191	11	is	be	VERB
gp-317	191	12	an	an	DET
gp-317	191	13	increase	increase	NOUN
gp-317	191	14	in	in	ADP
gp-317	191	15	stock	stock	NOUN
gp-317	191	16	return	return	NOUN
gp-317	191	17	by	by	ADP
gp-317	191	18	1	1	NUM
gp-317	191	19	%	%	NOUN
gp-317	191	20	,	,	PUNCT
gp-317	191	21	the	the	DET
gp-317	191	22	study	study	NOUN
gp-317	191	23	will	will	AUX
gp-317	191	24	decrease	decrease	VERB
gp-317	191	25	the	the	DET
gp-317	191	26	size	size	NOUN
gp-317	191	27	by	by	ADP
gp-317	191	28	-0.0080	-0.0080	ADJ
gp-317	191	29	%	%	NOUN
gp-317	191	30	.	.	PUNCT
gp-317	192	1	the	the	DET
gp-317	192	2	der	der	ADJ
gp-317	192	3	coefficient	coefficient	NOUN
gp-317	192	4	is	be	AUX
gp-317	192	5	0.0322	0.0322	NUM
gp-317	192	6	,	,	PUNCT
gp-317	192	7	which	which	PRON
gp-317	192	8	means	mean	VERB
gp-317	192	9	that	that	SCONJ
gp-317	192	10	if	if	SCONJ
gp-317	192	11	there	there	PRON
gp-317	192	12	is	be	VERB
gp-317	192	13	an	an	DET
gp-317	192	14	increase	increase	NOUN
gp-317	192	15	in	in	ADP
gp-317	192	16	stock	stock	NOUN
gp-317	192	17	return	return	NOUN
gp-317	192	18	by	by	ADP
gp-317	192	19	1	1	NUM
gp-317	192	20	%	%	NOUN
gp-317	192	21	of	of	ADP
gp-317	192	22	the	the	DET
gp-317	192	23	study	study	NOUN
gp-317	192	24	,	,	PUNCT
gp-317	192	25	there	there	PRON
gp-317	192	26	will	will	AUX
gp-317	192	27	be	be	AUX
gp-317	192	28	an	an	DET
gp-317	192	29	increase	increase	NOUN
gp-317	192	30	in	in	ADP
gp-317	192	31	der	der	NOUN
gp-317	192	32	of	of	ADP
gp-317	192	33	0.0322	0.0322	NUM
gp-317	192	34	%	%	NOUN
gp-317	192	35	.	.	PUNCT
gp-317	193	1	the	the	DET
gp-317	193	2	roa	roa	PROPN
gp-317	193	3	coefficient	coefficient	NOUN
gp-317	193	4	is	be	AUX
gp-317	193	5	0.2166	0.2166	NUM
gp-317	193	6	,	,	PUNCT
gp-317	193	7	which	which	PRON
gp-317	193	8	means	mean	VERB
gp-317	193	9	that	that	SCONJ
gp-317	193	10	if	if	SCONJ
gp-317	193	11	there	there	PRON
gp-317	193	12	is	be	VERB
gp-317	193	13	an	an	DET
gp-317	193	14	increase	increase	NOUN
gp-317	193	15	in	in	ADP
gp-317	193	16	stock	stock	NOUN
gp-317	193	17	return	return	NOUN
gp-317	193	18	by	by	ADP
gp-317	193	19	1	1	NUM
gp-317	193	20	%	%	NOUN
gp-317	193	21	of	of	ADP
gp-317	193	22	the	the	DET
gp-317	193	23	research	research	NOUN
gp-317	193	24	,	,	PUNCT
gp-317	193	25	there	there	PRON
gp-317	193	26	will	will	AUX
gp-317	193	27	be	be	AUX
gp-317	193	28	an	an	DET
gp-317	193	29	increase	increase	NOUN
gp-317	193	30	in	in	ADP
gp-317	193	31	roa	roa	NOUN
gp-317	193	32	of	of	ADP
gp-317	193	33	0.2166	0.2166	NUM
gp-317	193	34	%	%	NOUN
gp-317	193	35	.	.	PUNCT
gp-317	194	1	the	the	DET
gp-317	194	2	results	result	NOUN
gp-317	194	3	of	of	ADP
gp-317	194	4	the	the	DET
gp-317	194	5	arellano	arellano	PROPN
gp-317	194	6	-	-	PUNCT
gp-317	194	7	bond	bond	NOUN
gp-317	194	8	test	test	NOUN
gp-317	194	9	on	on	ADP
gp-317	194	10	the	the	DET
gp-317	194	11	sym	sym	PROPN
gp-317	194	12	-	-	PUNCT
gp-317	194	13	gmm	gmm	PROPN
gp-317	194	14	model	model	NOUN
gp-317	194	15	have	have	VERB
gp-317	194	16	a	a	DET
gp-317	194	17	pvalue	pvalue	NOUN
gp-317	194	18	value	value	NOUN
gp-317	194	19	(	(	PUNCT
gp-317	194	20	ar1	ar1	PROPN
gp-317	194	21	)	)	PUNCT
gp-317	194	22	<	<	X
gp-317	194	23	a	a	DET
gp-317	194	24	(	(	PUNCT
gp-317	194	25	0.05	0.05	NUM
gp-317	194	26	)	)	PUNCT
gp-317	194	27	and	and	CCONJ
gp-317	194	28	a	a	DET
gp-317	194	29	pvalue	pvalue	NOUN
gp-317	194	30	value	value	NOUN
gp-317	194	31	(	(	PUNCT
gp-317	194	32	ar2	ar2	PROPN
gp-317	194	33	)	)	PUNCT
gp-317	194	34	>	>	X
gp-317	195	1	a	a	DET
gp-317	195	2	(	(	PUNCT
gp-317	195	3	0.05	0.05	NUM
gp-317	195	4	)	)	PUNCT
gp-317	195	5	thus	thus	ADV
gp-317	195	6	,	,	PUNCT
gp-317	195	7	the	the	DET
gp-317	195	8	test	test	NOUN
gp-317	195	9	results	result	NOUN
gp-317	195	10	accept	accept	VERB
gp-317	195	11	h0	h0	NOUN
gp-317	195	12	in	in	ADP
gp-317	195	13	accordance	accordance	NOUN
gp-317	195	14	with	with	ADP
gp-317	195	15	the	the	DET
gp-317	195	16	conditions	condition	NOUN
gp-317	195	17	of	of	ADP
gp-317	195	18	the	the	DET
gp-317	195	19	ab	ab	PROPN
gp-317	195	20	test	test	NOUN
gp-317	195	21	,	,	PUNCT
gp-317	195	22	namely	namely	ADV
gp-317	195	23	in	in	ADP
gp-317	195	24	ar(1	ar(1	NOUN
gp-317	195	25	)	)	PUNCT
gp-317	195	26	have	have	VERB
gp-317	195	27	significant	significant	ADJ
gp-317	195	28	results	result	NOUN
gp-317	195	29	,	,	PUNCT
gp-317	195	30	while	while	SCONJ
gp-317	195	31	in	in	ADP
gp-317	195	32	ar(2	ar(2	NOUN
gp-317	195	33	)	)	PUNCT
gp-317	195	34	have	have	VERB
gp-317	195	35	insignificant	insignificant	ADJ
gp-317	195	36	results	result	NOUN
gp-317	195	37	.	.	PUNCT
gp-317	196	1	so	so	ADV
gp-317	196	2	it	it	PRON
gp-317	196	3	can	can	AUX
gp-317	196	4	be	be	AUX
gp-317	196	5	concluded	conclude	VERB
gp-317	196	6	that	that	SCONJ
gp-317	196	7	the	the	DET
gp-317	196	8	results	result	NOUN
gp-317	196	9	of	of	ADP
gp-317	196	10	the	the	DET
gp-317	196	11	gmm	gmm	PROPN
gp-317	196	12	model	model	NOUN
gp-317	196	13	estimation	estimation	NOUN
gp-317	196	14	in	in	ADP
gp-317	196	15	this	this	DET
gp-317	196	16	study	study	NOUN
gp-317	196	17	passed	pass	VERB
gp-317	196	18	the	the	DET
gp-317	196	19	arellano	arellano	PROPN
gp-317	196	20	-	-	PUNCT
gp-317	196	21	bond	bond	NOUN
gp-317	196	22	test	test	NOUN
gp-317	196	23	,	,	PUNCT
gp-317	196	24	which	which	PRON
gp-317	196	25	means	mean	VERB
gp-317	196	26	that	that	SCONJ
gp-317	196	27	the	the	DET
gp-317	196	28	estimation	estimation	NOUN
gp-317	196	29	results	result	NOUN
gp-317	196	30	are	be	AUX
gp-317	196	31	declared	declare	VERB
gp-317	196	32	consistent	consistent	ADJ
gp-317	196	33	and	and	CCONJ
gp-317	196	34	there	there	PRON
gp-317	196	35	is	be	VERB
gp-317	196	36	no	no	DET
gp-317	196	37	autocorrelation	autocorrelation	NOUN
gp-317	196	38	.	.	PUNCT
gp-317	197	1	the	the	DET
gp-317	197	2	results	result	NOUN
gp-317	197	3	of	of	ADP
gp-317	197	4	the	the	DET
gp-317	197	5	sargan	sargan	ADJ
gp-317	197	6	test	test	NOUN
gp-317	197	7	on	on	ADP
gp-317	197	8	the	the	DET
gp-317	197	9	sym	sym	PROPN
gp-317	197	10	-	-	PUNCT
gp-317	197	11	gmm	gmm	PROPN
gp-317	197	12	model	model	NOUN
gp-317	197	13	had	have	VERB
gp-317	197	14	a	a	DET
gp-317	197	15	pvalue	pvalue	NOUN
gp-317	197	16	value	value	NOUN
gp-317	197	17	of	of	ADP
gp-317	197	18	>	>	X
gp-317	197	19	a	a	DET
gp-317	197	20	(	(	PUNCT
gp-317	197	21	0.05	0.05	NUM
gp-317	197	22	)	)	PUNCT
gp-317	197	23	.	.	PUNCT
gp-317	198	1	thus	thus	ADV
gp-317	198	2	,	,	PUNCT
gp-317	198	3	the	the	DET
gp-317	198	4	test	test	NOUN
gp-317	198	5	results	result	NOUN
gp-317	198	6	received	receive	VERB
gp-317	198	7	h0	h0	PROPN
gp-317	198	8	,	,	PUNCT
gp-317	198	9	so	so	SCONJ
gp-317	198	10	it	it	PRON
gp-317	198	11	can	can	AUX
gp-317	198	12	be	be	AUX
gp-317	198	13	concluded	conclude	VERB
gp-317	198	14	that	that	SCONJ
gp-317	198	15	the	the	DET
gp-317	198	16	gmm	gmm	PROPN
gp-317	198	17	model	model	NOUN
gp-317	198	18	estimation	estimation	NOUN
gp-317	198	19	the	the	DET
gp-317	198	20	influence	influence	NOUN
gp-317	198	21	of	of	ADP
gp-317	198	22	monetary	monetary	ADJ
gp-317	198	23	policy	policy	NOUN
gp-317	198	24	,	,	PUNCT
gp-317	198	25	macroeconomic	macroeconomic	ADJ
gp-317	198	26	variables	variable	NOUN
gp-317	198	27	,	,	PUNCT
gp-317	198	28	global	global	ADJ
gp-317	198	29	markets	market	NOUN
gp-317	198	30	,	,	PUNCT
gp-317	198	31	and	and	CCONJ
gp-317	198	32	internal	internal	ADJ
gp-317	198	33	company	company	NOUN
gp-317	198	34	factors	factor	NOUN
gp-317	198	35	on	on	ADP
gp-317	198	36	stock	stock	NOUN
gp-317	198	37	returns	return	NOUN
gp-317	198	38	of	of	ADP
gp-317	198	39	lq45	lq45	PROPN
gp-317	198	40	companies	company	NOUN
gp-317	198	41	on	on	ADP
gp-317	198	42	the	the	DET
gp-317	198	43	indonesian	indonesian	ADJ
gp-317	198	44	stock	stock	PROPN
gp-317	198	45	exchange	exchange	PROPN
gp-317	198	46	1703	1703	NUM
gp-317	198	47	results	result	NOUN
gp-317	198	48	in	in	ADP
gp-317	198	49	this	this	DET
gp-317	198	50	model	model	NOUN
gp-317	198	51	passed	pass	VERB
gp-317	198	52	the	the	DET
gp-317	198	53	sargan	sargan	ADJ
gp-317	198	54	test	test	NOUN
gp-317	198	55	,	,	PUNCT
gp-317	198	56	which	which	PRON
gp-317	198	57	means	mean	VERB
gp-317	198	58	that	that	SCONJ
gp-317	198	59	the	the	DET
gp-317	198	60	estimation	estimation	NOUN
gp-317	198	61	results	result	NOUN
gp-317	198	62	were	be	AUX
gp-317	198	63	declared	declare	VERB
gp-317	198	64	valid	valid	ADJ
gp-317	198	65	.	.	PUNCT
gp-317	199	1	model	model	NOUN
gp-317	199	2	3	3	NUM
gp-317	199	3	in	in	ADP
gp-317	199	4	this	this	DET
gp-317	199	5	model	model	NOUN
gp-317	199	6	,	,	PUNCT
gp-317	199	7	only	only	ADV
gp-317	199	8	one	one	NUM
gp-317	199	9	dependent	dependent	ADJ
gp-317	199	10	variable	variable	NOUN
gp-317	199	11	is	be	AUX
gp-317	199	12	used	use	VERB
gp-317	199	13	,	,	PUNCT
gp-317	199	14	which	which	PRON
gp-317	199	15	is	be	AUX
gp-317	199	16	"	"	PUNCT
gp-317	199	17	sr	sr	PROPN
gp-317	199	18	"	"	PUNCT
gp-317	199	19	which	which	PRON
gp-317	199	20	is	be	AUX
gp-317	199	21	the	the	DET
gp-317	199	22	value	value	NOUN
gp-317	199	23	of	of	ADP
gp-317	199	24	"	"	PUNCT
gp-317	199	25	stock	stock	NOUN
gp-317	199	26	return	return	NOUN
gp-317	199	27	"	"	PUNCT
gp-317	199	28	.	.	PUNCT
gp-317	200	1	it	it	PRON
gp-317	200	2	can	can	AUX
gp-317	200	3	be	be	AUX
gp-317	200	4	known	know	VERB
gp-317	200	5	that	that	SCONJ
gp-317	200	6	the	the	DET
gp-317	200	7	coefficient	coefficient	NOUN
gp-317	200	8	of	of	ADP
gp-317	200	9	stock	stock	NOUN
gp-317	200	10	return	return	NOUN
gp-317	200	11	(	(	PUNCT
gp-317	200	12	sr	sr	PROPN
gp-317	200	13	)	)	PUNCT
gp-317	200	14	is	be	AUX
gp-317	200	15	-0.2743	-0.2743	PROPN
gp-317	200	16	which	which	PRON
gp-317	200	17	indicates	indicate	VERB
gp-317	200	18	that	that	SCONJ
gp-317	200	19	this	this	DET
gp-317	200	20	coefficient	coefficient	NOUN
gp-317	200	21	is	be	AUX
gp-317	200	22	statistically	statistically	ADV
gp-317	200	23	significant	significant	ADJ
gp-317	200	24	.	.	PUNCT
gp-317	201	1	this	this	PRON
gp-317	201	2	means	mean	VERB
gp-317	201	3	that	that	SCONJ
gp-317	201	4	any	any	DET
gp-317	201	5	1	1	NUM
gp-317	201	6	percent	percent	NOUN
gp-317	201	7	increase	increase	NOUN
gp-317	201	8	in	in	ADP
gp-317	201	9	stock	stock	NOUN
gp-317	201	10	return	return	NOUN
gp-317	201	11	in	in	ADP
gp-317	201	12	the	the	DET
gp-317	201	13	previous	previous	ADJ
gp-317	201	14	period	period	NOUN
gp-317	201	15	will	will	AUX
gp-317	201	16	result	result	VERB
gp-317	201	17	in	in	ADP
gp-317	201	18	a	a	DET
gp-317	201	19	decrease	decrease	NOUN
gp-317	201	20	of	of	ADP
gp-317	201	21	-0.2743	-0.2743	PROPN
gp-317	201	22	%	%	PROPN
gp-317	201	23	in	in	ADP
gp-317	201	24	the	the	DET
gp-317	201	25	current	current	ADJ
gp-317	201	26	period	period	NOUN
gp-317	201	27	.	.	PUNCT
gp-317	202	1	the	the	DET
gp-317	202	2	bir	bir	PROPN
gp-317	202	3	coefficient	coefficient	NOUN
gp-317	202	4	is	be	AUX
gp-317	202	5	-0.0242	-0.0242	NOUN
gp-317	202	6	,	,	PUNCT
gp-317	202	7	meaning	mean	VERB
gp-317	202	8	that	that	SCONJ
gp-317	202	9	if	if	SCONJ
gp-317	202	10	there	there	PRON
gp-317	202	11	is	be	VERB
gp-317	202	12	an	an	DET
gp-317	202	13	increase	increase	NOUN
gp-317	202	14	in	in	ADP
gp-317	202	15	stock	stock	NOUN
gp-317	202	16	the	the	DET
gp-317	202	17	return	return	NOUN
gp-317	202	18	of	of	ADP
gp-317	202	19	1	1	NUM
gp-317	202	20	%	%	NOUN
gp-317	202	21	of	of	ADP
gp-317	202	22	the	the	DET
gp-317	202	23	study	study	NOUN
gp-317	202	24	will	will	AUX
gp-317	202	25	reduce	reduce	VERB
gp-317	202	26	the	the	DET
gp-317	202	27	bir	bir	NOUN
gp-317	202	28	by	by	ADP
gp-317	202	29	-0.0242	-0.0242	NOUN
gp-317	202	30	%	%	NOUN
gp-317	202	31	.	.	PUNCT
gp-317	203	1	the	the	DET
gp-317	203	2	inf	inf	PROPN
gp-317	203	3	coefficient	coefficient	NOUN
gp-317	203	4	is	be	AUX
gp-317	203	5	0.0142	0.0142	NUM
gp-317	203	6	,	,	PUNCT
gp-317	203	7	meaning	mean	VERB
gp-317	203	8	that	that	SCONJ
gp-317	203	9	if	if	SCONJ
gp-317	203	10	there	there	PRON
gp-317	203	11	is	be	VERB
gp-317	203	12	an	an	DET
gp-317	203	13	increase	increase	NOUN
gp-317	203	14	in	in	ADP
gp-317	203	15	stock	stock	NOUN
gp-317	203	16	return	return	NOUN
gp-317	203	17	by	by	ADP
gp-317	203	18	1	1	NUM
gp-317	203	19	%	%	NOUN
gp-317	203	20	,	,	PUNCT
gp-317	203	21	the	the	DET
gp-317	203	22	study	study	NOUN
gp-317	203	23	will	will	AUX
gp-317	203	24	decrease	decrease	VERB
gp-317	203	25	the	the	DET
gp-317	203	26	inf	inf	NOUN
gp-317	203	27	by	by	ADP
gp-317	203	28	-0.0142	-0.0142	NOUN
gp-317	203	29	%	%	NOUN
gp-317	203	30	.	.	PUNCT
gp-317	204	1	the	the	DET
gp-317	204	2	dj	dj	NOUN
gp-317	204	3	coefficient	coefficient	NOUN
gp-317	204	4	is	be	AUX
gp-317	204	5	-1.7470	-1.7470	ADJ
gp-317	204	6	,	,	PUNCT
gp-317	204	7	meaning	mean	VERB
gp-317	204	8	that	that	SCONJ
gp-317	204	9	if	if	SCONJ
gp-317	204	10	there	there	PRON
gp-317	204	11	is	be	VERB
gp-317	204	12	an	an	DET
gp-317	204	13	increase	increase	NOUN
gp-317	204	14	in	in	ADP
gp-317	204	15	stock	stock	NOUN
gp-317	204	16	return	return	NOUN
gp-317	204	17	by	by	ADP
gp-317	204	18	1	1	NUM
gp-317	204	19	%	%	NOUN
gp-317	204	20	,	,	PUNCT
gp-317	204	21	the	the	DET
gp-317	204	22	research	research	NOUN
gp-317	204	23	will	will	AUX
gp-317	204	24	decrease	decrease	VERB
gp-317	204	25	in	in	ADP
gp-317	204	26	dj	dj	NOUN
gp-317	204	27	by	by	ADP
gp-317	204	28	-1.7500	-1.7500	ADJ
gp-317	204	29	%	%	NOUN
gp-317	204	30	.	.	PUNCT
gp-317	205	1	the	the	DET
gp-317	205	2	size	size	NOUN
gp-317	205	3	coefficient	coefficient	NOUN
gp-317	205	4	is	be	AUX
gp-317	205	5	0.0053	0.0053	NUM
gp-317	205	6	,	,	PUNCT
gp-317	205	7	which	which	PRON
gp-317	205	8	means	mean	VERB
gp-317	205	9	that	that	SCONJ
gp-317	205	10	if	if	SCONJ
gp-317	205	11	there	there	PRON
gp-317	205	12	is	be	VERB
gp-317	205	13	an	an	DET
gp-317	205	14	increase	increase	NOUN
gp-317	205	15	in	in	ADP
gp-317	205	16	stock	stock	NOUN
gp-317	205	17	return	return	NOUN
gp-317	205	18	by	by	ADP
gp-317	205	19	1	1	NUM
gp-317	205	20	%	%	NOUN
gp-317	205	21	of	of	ADP
gp-317	205	22	the	the	DET
gp-317	205	23	study	study	NOUN
gp-317	205	24	,	,	PUNCT
gp-317	205	25	there	there	PRON
gp-317	205	26	will	will	AUX
gp-317	205	27	be	be	AUX
gp-317	205	28	an	an	DET
gp-317	205	29	increase	increase	NOUN
gp-317	205	30	in	in	ADP
gp-317	205	31	size	size	NOUN
gp-317	205	32	of	of	ADP
gp-317	205	33	0.0053	0.0053	NUM
gp-317	205	34	%	%	NOUN
gp-317	205	35	.	.	PUNCT
gp-317	206	1	the	the	DET
gp-317	206	2	der	der	ADJ
gp-317	206	3	coefficient	coefficient	NOUN
gp-317	206	4	is	be	AUX
gp-317	206	5	0.0260	0.0260	NUM
gp-317	206	6	,	,	PUNCT
gp-317	206	7	which	which	PRON
gp-317	206	8	means	mean	VERB
gp-317	206	9	that	that	SCONJ
gp-317	206	10	if	if	SCONJ
gp-317	206	11	there	there	PRON
gp-317	206	12	is	be	VERB
gp-317	206	13	an	an	DET
gp-317	206	14	increase	increase	NOUN
gp-317	206	15	in	in	ADP
gp-317	206	16	stock	stock	NOUN
gp-317	206	17	return	return	NOUN
gp-317	206	18	by	by	ADP
gp-317	206	19	1	1	NUM
gp-317	206	20	%	%	NOUN
gp-317	206	21	of	of	ADP
gp-317	206	22	the	the	DET
gp-317	206	23	research	research	NOUN
gp-317	206	24	,	,	PUNCT
gp-317	206	25	there	there	PRON
gp-317	206	26	will	will	AUX
gp-317	206	27	be	be	AUX
gp-317	206	28	an	an	DET
gp-317	206	29	increase	increase	NOUN
gp-317	206	30	in	in	ADP
gp-317	206	31	der	der	NOUN
gp-317	206	32	of	of	ADP
gp-317	206	33	0.0260	0.0260	NUM
gp-317	206	34	%	%	NOUN
gp-317	206	35	.	.	PUNCT
gp-317	207	1	the	the	DET
gp-317	207	2	roe	roe	PROPN
gp-317	207	3	coefficient	coefficient	NOUN
gp-317	207	4	is	be	AUX
gp-317	207	5	0.0404	0.0404	NUM
gp-317	207	6	,	,	PUNCT
gp-317	207	7	which	which	PRON
gp-317	207	8	means	mean	VERB
gp-317	207	9	that	that	SCONJ
gp-317	207	10	if	if	SCONJ
gp-317	207	11	there	there	PRON
gp-317	207	12	is	be	VERB
gp-317	207	13	an	an	DET
gp-317	207	14	increase	increase	NOUN
gp-317	207	15	in	in	ADP
gp-317	207	16	stock	stock	NOUN
gp-317	207	17	return	return	NOUN
gp-317	207	18	by	by	ADP
gp-317	207	19	1	1	NUM
gp-317	207	20	%	%	NOUN
gp-317	207	21	of	of	ADP
gp-317	207	22	the	the	DET
gp-317	207	23	research	research	NOUN
gp-317	207	24	,	,	PUNCT
gp-317	207	25	there	there	PRON
gp-317	207	26	will	will	AUX
gp-317	207	27	be	be	AUX
gp-317	207	28	an	an	DET
gp-317	207	29	increase	increase	NOUN
gp-317	207	30	in	in	ADP
gp-317	207	31	roa	roa	NOUN
gp-317	207	32	of	of	ADP
gp-317	207	33	0.0404	0.0404	NUM
gp-317	207	34	%	%	NOUN
gp-317	207	35	.	.	PUNCT
gp-317	208	1	the	the	DET
gp-317	208	2	results	result	NOUN
gp-317	208	3	of	of	ADP
gp-317	208	4	the	the	DET
gp-317	208	5	arellano	arellano	PROPN
gp-317	208	6	-	-	PUNCT
gp-317	208	7	bond	bond	NOUN
gp-317	208	8	test	test	NOUN
gp-317	208	9	on	on	ADP
gp-317	208	10	the	the	DET
gp-317	208	11	sym	sym	PROPN
gp-317	208	12	-	-	PUNCT
gp-317	208	13	gmm	gmm	PROPN
gp-317	208	14	model	model	NOUN
gp-317	208	15	have	have	VERB
gp-317	208	16	a	a	DET
gp-317	208	17	pvalue	pvalue	NOUN
gp-317	208	18	value	value	NOUN
gp-317	208	19	(	(	PUNCT
gp-317	208	20	ar1	ar1	PROPN
gp-317	208	21	)	)	PUNCT
gp-317	208	22	<	<	X
gp-317	208	23	a	a	DET
gp-317	208	24	(	(	PUNCT
gp-317	208	25	0.05	0.05	NUM
gp-317	208	26	)	)	PUNCT
gp-317	208	27	and	and	CCONJ
gp-317	208	28	a	a	DET
gp-317	208	29	pvalue	pvalue	NOUN
gp-317	208	30	value	value	NOUN
gp-317	208	31	(	(	PUNCT
gp-317	208	32	ar2	ar2	PROPN
gp-317	208	33	)	)	PUNCT
gp-317	208	34	>	>	X
gp-317	209	1	a	a	DET
gp-317	209	2	(	(	PUNCT
gp-317	209	3	0.05	0.05	NUM
gp-317	209	4	)	)	PUNCT
gp-317	209	5	thus	thus	ADV
gp-317	209	6	,	,	PUNCT
gp-317	209	7	the	the	DET
gp-317	209	8	test	test	NOUN
gp-317	209	9	results	result	NOUN
gp-317	209	10	accept	accept	VERB
gp-317	209	11	h0	h0	NOUN
gp-317	209	12	in	in	ADP
gp-317	209	13	accordance	accordance	NOUN
gp-317	209	14	with	with	ADP
gp-317	209	15	the	the	DET
gp-317	209	16	conditions	condition	NOUN
gp-317	209	17	of	of	ADP
gp-317	209	18	the	the	DET
gp-317	209	19	ab	ab	PROPN
gp-317	209	20	test	test	NOUN
gp-317	209	21	,	,	PUNCT
gp-317	209	22	namely	namely	ADV
gp-317	209	23	in	in	ADP
gp-317	209	24	ar(1	ar(1	NOUN
gp-317	209	25	)	)	PUNCT
gp-317	209	26	have	have	VERB
gp-317	209	27	significant	significant	ADJ
gp-317	209	28	results	result	NOUN
gp-317	209	29	,	,	PUNCT
gp-317	209	30	while	while	SCONJ
gp-317	209	31	in	in	ADP
gp-317	209	32	ar(2	ar(2	NOUN
gp-317	209	33	)	)	PUNCT
gp-317	209	34	have	have	VERB
gp-317	209	35	insignificant	insignificant	ADJ
gp-317	209	36	results	result	NOUN
gp-317	209	37	.	.	PUNCT
gp-317	210	1	so	so	ADV
gp-317	210	2	it	it	PRON
gp-317	210	3	can	can	AUX
gp-317	210	4	be	be	AUX
gp-317	210	5	concluded	conclude	VERB
gp-317	210	6	that	that	SCONJ
gp-317	210	7	the	the	DET
gp-317	210	8	results	result	NOUN
gp-317	210	9	of	of	ADP
gp-317	210	10	the	the	DET
gp-317	210	11	gmm	gmm	PROPN
gp-317	210	12	model	model	NOUN
gp-317	210	13	estimation	estimation	NOUN
gp-317	210	14	in	in	ADP
gp-317	210	15	this	this	DET
gp-317	210	16	study	study	NOUN
gp-317	210	17	passed	pass	VERB
gp-317	210	18	the	the	DET
gp-317	210	19	arellano	arellano	PROPN
gp-317	210	20	-	-	PUNCT
gp-317	210	21	bond	bond	NOUN
gp-317	210	22	test	test	NOUN
gp-317	210	23	,	,	PUNCT
gp-317	210	24	which	which	PRON
gp-317	210	25	means	mean	VERB
gp-317	210	26	that	that	SCONJ
gp-317	210	27	the	the	DET
gp-317	210	28	estimation	estimation	NOUN
gp-317	210	29	results	result	NOUN
gp-317	210	30	are	be	AUX
gp-317	210	31	declared	declare	VERB
gp-317	210	32	consistent	consistent	ADJ
gp-317	210	33	and	and	CCONJ
gp-317	210	34	there	there	PRON
gp-317	210	35	is	be	VERB
gp-317	210	36	no	no	DET
gp-317	210	37	autocorrelation	autocorrelation	NOUN
gp-317	210	38	.	.	PUNCT
gp-317	211	1	the	the	DET
gp-317	211	2	results	result	NOUN
gp-317	211	3	of	of	ADP
gp-317	211	4	the	the	DET
gp-317	211	5	sargan	sargan	ADJ
gp-317	211	6	test	test	NOUN
gp-317	211	7	on	on	ADP
gp-317	211	8	the	the	DET
gp-317	211	9	sym	sym	PROPN
gp-317	211	10	-	-	PUNCT
gp-317	211	11	gmm	gmm	PROPN
gp-317	211	12	model	model	NOUN
gp-317	211	13	had	have	VERB
gp-317	211	14	a	a	DET
gp-317	211	15	pvalue	pvalue	NOUN
gp-317	211	16	value	value	NOUN
gp-317	211	17	of	of	ADP
gp-317	211	18	>	>	X
gp-317	211	19	a	a	DET
gp-317	211	20	(	(	PUNCT
gp-317	211	21	0.05	0.05	NUM
gp-317	211	22	)	)	PUNCT
gp-317	211	23	.	.	PUNCT
gp-317	212	1	thus	thus	ADV
gp-317	212	2	,	,	PUNCT
gp-317	212	3	the	the	DET
gp-317	212	4	test	test	NOUN
gp-317	212	5	results	result	NOUN
gp-317	212	6	received	receive	VERB
gp-317	212	7	h0	h0	PROPN
gp-317	212	8	,	,	PUNCT
gp-317	212	9	so	so	SCONJ
gp-317	212	10	it	it	PRON
gp-317	212	11	can	can	AUX
gp-317	212	12	be	be	AUX
gp-317	212	13	concluded	conclude	VERB
gp-317	212	14	that	that	SCONJ
gp-317	212	15	the	the	DET
gp-317	212	16	gmm	gmm	PROPN
gp-317	212	17	model	model	PROPN
gp-317	212	18	estimation	estimation	NOUN
gp-317	212	19	results	result	NOUN
gp-317	212	20	in	in	ADP
gp-317	212	21	this	this	DET
gp-317	212	22	model	model	NOUN
gp-317	212	23	passed	pass	VERB
gp-317	212	24	the	the	DET
gp-317	212	25	sargan	sargan	ADJ
gp-317	212	26	test	test	NOUN
gp-317	212	27	,	,	PUNCT
gp-317	212	28	which	which	PRON
gp-317	212	29	means	mean	VERB
gp-317	212	30	that	that	SCONJ
gp-317	212	31	the	the	DET
gp-317	212	32	estimation	estimation	NOUN
gp-317	212	33	results	result	NOUN
gp-317	212	34	were	be	AUX
gp-317	212	35	declared	declare	VERB
gp-317	212	36	valid	valid	ADJ
gp-317	212	37	.	.	PUNCT
gp-317	213	1	model	model	NOUN
gp-317	213	2	4	4	NUM
gp-317	213	3	in	in	ADP
gp-317	213	4	this	this	DET
gp-317	213	5	model	model	NOUN
gp-317	213	6	,	,	PUNCT
gp-317	213	7	only	only	ADV
gp-317	213	8	one	one	NUM
gp-317	213	9	dependent	dependent	ADJ
gp-317	213	10	variable	variable	NOUN
gp-317	213	11	is	be	AUX
gp-317	213	12	used	use	VERB
gp-317	213	13	,	,	PUNCT
gp-317	213	14	which	which	PRON
gp-317	213	15	is	be	AUX
gp-317	213	16	"	"	PUNCT
gp-317	213	17	sr	sr	PROPN
gp-317	213	18	"	"	PUNCT
gp-317	213	19	which	which	PRON
gp-317	213	20	is	be	AUX
gp-317	213	21	the	the	DET
gp-317	213	22	value	value	NOUN
gp-317	213	23	of	of	ADP
gp-317	213	24	"	"	PUNCT
gp-317	213	25	stock	stock	NOUN
gp-317	213	26	return	return	NOUN
gp-317	213	27	"	"	PUNCT
gp-317	213	28	.	.	PUNCT
gp-317	214	1	it	it	PRON
gp-317	214	2	can	can	AUX
gp-317	214	3	be	be	AUX
gp-317	214	4	known	know	VERB
gp-317	214	5	that	that	SCONJ
gp-317	214	6	the	the	DET
gp-317	214	7	coefficient	coefficient	NOUN
gp-317	214	8	of	of	ADP
gp-317	214	9	stock	stock	NOUN
gp-317	214	10	return	return	NOUN
gp-317	214	11	(	(	PUNCT
gp-317	214	12	sr	sr	PROPN
gp-317	214	13	)	)	PUNCT
gp-317	214	14	is	be	AUX
gp-317	214	15	-0.2059	-0.2059	NOUN
gp-317	214	16	which	which	PRON
gp-317	214	17	indicates	indicate	VERB
gp-317	214	18	that	that	SCONJ
gp-317	214	19	this	this	DET
gp-317	214	20	coefficient	coefficient	NOUN
gp-317	214	21	is	be	AUX
gp-317	214	22	statistically	statistically	ADV
gp-317	214	23	significant	significant	ADJ
gp-317	214	24	.	.	PUNCT
gp-317	215	1	this	this	PRON
gp-317	215	2	means	mean	VERB
gp-317	215	3	that	that	SCONJ
gp-317	215	4	any	any	DET
gp-317	215	5	1	1	NUM
gp-317	215	6	percent	percent	NOUN
gp-317	215	7	increase	increase	NOUN
gp-317	215	8	in	in	ADP
gp-317	215	9	stock	stock	NOUN
gp-317	215	10	return	return	NOUN
gp-317	215	11	in	in	ADP
gp-317	215	12	the	the	DET
gp-317	215	13	previous	previous	ADJ
gp-317	215	14	period	period	NOUN
gp-317	215	15	will	will	AUX
gp-317	215	16	result	result	VERB
gp-317	215	17	in	in	ADP
gp-317	215	18	a	a	DET
gp-317	215	19	decrease	decrease	NOUN
gp-317	215	20	of	of	ADP
gp-317	215	21	-0.2059	-0.2059	NOUN
gp-317	215	22	%	%	NOUN
gp-317	215	23	in	in	ADP
gp-317	215	24	the	the	DET
gp-317	215	25	current	current	ADJ
gp-317	215	26	period	period	NOUN
gp-317	215	27	.	.	PUNCT
gp-317	216	1	the	the	DET
gp-317	216	2	bir	bir	PROPN
gp-317	216	3	coefficient	coefficient	NOUN
gp-317	216	4	is	be	AUX
gp-317	216	5	0.0221	0.0221	NUM
gp-317	216	6	,	,	PUNCT
gp-317	216	7	which	which	PRON
gp-317	216	8	means	mean	VERB
gp-317	216	9	that	that	SCONJ
gp-317	216	10	if	if	SCONJ
gp-317	216	11	there	there	PRON
gp-317	216	12	is	be	VERB
gp-317	216	13	an	an	DET
gp-317	216	14	increase	increase	NOUN
gp-317	216	15	in	in	ADP
gp-317	216	16	stock	stock	NOUN
gp-317	216	17	the	the	DET
gp-317	216	18	return	return	NOUN
gp-317	216	19	of	of	ADP
gp-317	216	20	1	1	NUM
gp-317	216	21	%	%	NOUN
gp-317	216	22	of	of	ADP
gp-317	216	23	the	the	DET
gp-317	216	24	research	research	NOUN
gp-317	216	25	will	will	AUX
gp-317	216	26	increase	increase	VERB
gp-317	216	27	in	in	ADP
gp-317	216	28	bir	bir	NOUN
gp-317	216	29	by	by	ADP
gp-317	216	30	0.0221	0.0221	NUM
gp-317	216	31	%	%	NOUN
gp-317	216	32	.	.	PUNCT
gp-317	217	1	the	the	DET
gp-317	217	2	exr	exr	PROPN
gp-317	217	3	coefficient	coefficient	NOUN
gp-317	217	4	is	be	AUX
gp-317	217	5	-0.0001	-0.0001	NOUN
gp-317	217	6	,	,	PUNCT
gp-317	217	7	which	which	PRON
gp-317	217	8	means	mean	VERB
gp-317	217	9	that	that	SCONJ
gp-317	217	10	if	if	SCONJ
gp-317	217	11	there	there	PRON
gp-317	217	12	is	be	VERB
gp-317	217	13	an	an	DET
gp-317	217	14	increase	increase	NOUN
gp-317	217	15	in	in	ADP
gp-317	217	16	stock	stock	NOUN
gp-317	217	17	return	return	NOUN
gp-317	217	18	by	by	ADP
gp-317	217	19	1	1	NUM
gp-317	217	20	%	%	NOUN
gp-317	217	21	,	,	PUNCT
gp-317	217	22	the	the	DET
gp-317	217	23	study	study	NOUN
gp-317	217	24	will	will	AUX
gp-317	217	25	decrease	decrease	VERB
gp-317	217	26	the	the	DET
gp-317	217	27	exr	exr	NOUN
gp-317	217	28	by	by	ADP
gp-317	217	29	-0.0001	-0.0001	NOUN
gp-317	218	1	%	%	NOUN
gp-317	218	2	.	.	PUNCT
gp-317	219	1	the	the	DET
gp-317	219	2	dj	dj	NOUN
gp-317	219	3	coefficient	coefficient	NOUN
gp-317	219	4	is	be	AUX
gp-317	219	5	-2.6680	-2.6680	ADV
gp-317	219	6	,	,	PUNCT
gp-317	219	7	meaning	mean	VERB
gp-317	219	8	that	that	SCONJ
gp-317	219	9	if	if	SCONJ
gp-317	219	10	there	there	PRON
gp-317	219	11	is	be	VERB
gp-317	219	12	an	an	DET
gp-317	219	13	increase	increase	NOUN
gp-317	219	14	in	in	ADP
gp-317	219	15	stock	stock	NOUN
gp-317	219	16	return	return	NOUN
gp-317	219	17	by	by	ADP
gp-317	219	18	1	1	NUM
gp-317	219	19	%	%	NOUN
gp-317	219	20	,	,	PUNCT
gp-317	219	21	the	the	DET
gp-317	219	22	research	research	NOUN
gp-317	219	23	will	will	AUX
gp-317	219	24	decrease	decrease	VERB
gp-317	219	25	in	in	ADP
gp-317	219	26	dj	dj	NOUN
gp-317	219	27	by	by	ADP
gp-317	219	28	-2.6700	-2.6700	NOUN
gp-317	219	29	%	%	NOUN
gp-317	219	30	.	.	PUNCT
gp-317	220	1	the	the	DET
gp-317	220	2	size	size	NOUN
gp-317	220	3	coefficient	coefficient	NOUN
gp-317	220	4	is	be	AUX
gp-317	220	5	0.0191	0.0191	NUM
gp-317	220	6	,	,	PUNCT
gp-317	220	7	which	which	PRON
gp-317	220	8	means	mean	VERB
gp-317	220	9	that	that	SCONJ
gp-317	220	10	if	if	SCONJ
gp-317	220	11	there	there	PRON
gp-317	220	12	is	be	VERB
gp-317	220	13	an	an	DET
gp-317	220	14	increase	increase	NOUN
gp-317	220	15	in	in	ADP
gp-317	220	16	stock	stock	NOUN
gp-317	220	17	return	return	NOUN
gp-317	220	18	by	by	ADP
gp-317	220	19	1	1	NUM
gp-317	220	20	%	%	NOUN
gp-317	220	21	of	of	ADP
gp-317	220	22	the	the	DET
gp-317	220	23	research	research	NOUN
gp-317	220	24	,	,	PUNCT
gp-317	220	25	there	there	PRON
gp-317	220	26	will	will	AUX
gp-317	220	27	be	be	AUX
gp-317	220	28	an	an	DET
gp-317	220	29	increase	increase	NOUN
gp-317	220	30	in	in	ADP
gp-317	220	31	size	size	NOUN
gp-317	220	32	of	of	ADP
gp-317	220	33	0.0191	0.0191	NUM
gp-317	220	34	%	%	NOUN
gp-317	220	35	.	.	PUNCT
gp-317	221	1	the	the	DET
gp-317	221	2	der	der	ADJ
gp-317	221	3	coefficient	coefficient	NOUN
gp-317	221	4	is	be	AUX
gp-317	221	5	0.0342	0.0342	NUM
gp-317	221	6	,	,	PUNCT
gp-317	221	7	meaning	mean	VERB
gp-317	221	8	that	that	SCONJ
gp-317	221	9	if	if	SCONJ
gp-317	221	10	there	there	PRON
gp-317	221	11	is	be	VERB
gp-317	221	12	an	an	DET
gp-317	221	13	increase	increase	NOUN
gp-317	221	14	in	in	ADP
gp-317	221	15	stock	stock	NOUN
gp-317	221	16	return	return	NOUN
gp-317	221	17	by	by	ADP
gp-317	221	18	1	1	NUM
gp-317	221	19	%	%	NOUN
gp-317	221	20	of	of	ADP
gp-317	221	21	the	the	DET
gp-317	221	22	study	study	NOUN
gp-317	221	23	,	,	PUNCT
gp-317	221	24	there	there	PRON
gp-317	221	25	will	will	AUX
gp-317	221	26	be	be	AUX
gp-317	221	27	an	an	DET
gp-317	221	28	increase	increase	NOUN
gp-317	221	29	in	in	ADP
gp-317	221	30	der	der	NOUN
gp-317	221	31	of	of	ADP
gp-317	221	32	0.0342	0.0342	NUM
gp-317	221	33	%	%	NOUN
gp-317	221	34	.	.	PUNCT
gp-317	222	1	the	the	DET
gp-317	222	2	roa	roa	PROPN
gp-317	222	3	coefficient	coefficient	NOUN
gp-317	222	4	is	be	AUX
gp-317	222	5	0.0579	0.0579	NUM
gp-317	222	6	,	,	PUNCT
gp-317	222	7	which	which	PRON
gp-317	222	8	means	mean	VERB
gp-317	222	9	that	that	SCONJ
gp-317	222	10	if	if	SCONJ
gp-317	222	11	there	there	PRON
gp-317	222	12	is	be	VERB
gp-317	222	13	an	an	DET
gp-317	222	14	increase	increase	NOUN
gp-317	222	15	in	in	ADP
gp-317	222	16	stock	stock	NOUN
gp-317	222	17	return	return	NOUN
gp-317	222	18	by	by	ADP
gp-317	222	19	1	1	NUM
gp-317	222	20	%	%	NOUN
gp-317	222	21	of	of	ADP
gp-317	222	22	the	the	DET
gp-317	222	23	research	research	NOUN
gp-317	222	24	,	,	PUNCT
gp-317	222	25	there	there	PRON
gp-317	222	26	will	will	AUX
gp-317	222	27	be	be	AUX
gp-317	222	28	an	an	DET
gp-317	222	29	increase	increase	NOUN
gp-317	222	30	in	in	ADP
gp-317	222	31	roa	roa	NOUN
gp-317	222	32	of	of	ADP
gp-317	222	33	0.0579	0.0579	NUM
gp-317	222	34	%	%	NOUN
gp-317	222	35	.	.	PUNCT
gp-317	223	1	the	the	DET
gp-317	223	2	roe	roe	PROPN
gp-317	223	3	coefficient	coefficient	NOUN
gp-317	223	4	is	be	AUX
gp-317	223	5	0.0090	0.0090	NUM
gp-317	223	6	,	,	PUNCT
gp-317	223	7	which	which	PRON
gp-317	223	8	means	mean	VERB
gp-317	223	9	that	that	SCONJ
gp-317	223	10	if	if	SCONJ
gp-317	223	11	there	there	PRON
gp-317	223	12	is	be	VERB
gp-317	223	13	an	an	DET
gp-317	223	14	increase	increase	NOUN
gp-317	223	15	in	in	ADP
gp-317	223	16	stock	stock	NOUN
gp-317	223	17	return	return	NOUN
gp-317	223	18	by	by	ADP
gp-317	223	19	1	1	NUM
gp-317	223	20	%	%	NOUN
gp-317	223	21	of	of	ADP
gp-317	223	22	the	the	DET
gp-317	223	23	research	research	NOUN
gp-317	223	24	,	,	PUNCT
gp-317	223	25	there	there	PRON
gp-317	223	26	will	will	AUX
gp-317	223	27	be	be	AUX
gp-317	223	28	an	an	DET
gp-317	223	29	increase	increase	NOUN
gp-317	223	30	in	in	ADP
gp-317	223	31	roe	roe	NOUN
gp-317	223	32	of	of	ADP
gp-317	223	33	-0.0090	-0.0090	NOUN
gp-317	223	34	%	%	NOUN
gp-317	223	35	.	.	PUNCT
gp-317	224	1	the	the	DET
gp-317	224	2	results	result	NOUN
gp-317	224	3	of	of	ADP
gp-317	224	4	the	the	DET
gp-317	224	5	arellano	arellano	PROPN
gp-317	224	6	-	-	PUNCT
gp-317	224	7	bond	bond	NOUN
gp-317	224	8	test	test	NOUN
gp-317	224	9	on	on	ADP
gp-317	224	10	the	the	DET
gp-317	224	11	sym	sym	PROPN
gp-317	224	12	-	-	PUNCT
gp-317	224	13	gmm	gmm	PROPN
gp-317	224	14	model	model	NOUN
gp-317	224	15	have	have	VERB
gp-317	224	16	a	a	DET
gp-317	224	17	pvalue	pvalue	NOUN
gp-317	224	18	value	value	NOUN
gp-317	224	19	(	(	PUNCT
gp-317	224	20	ar1	ar1	PROPN
gp-317	224	21	)	)	PUNCT
gp-317	224	22	<	<	X
gp-317	224	23	a	a	DET
gp-317	224	24	(	(	PUNCT
gp-317	224	25	0.05	0.05	NUM
gp-317	224	26	)	)	PUNCT
gp-317	224	27	and	and	CCONJ
gp-317	224	28	a	a	DET
gp-317	224	29	pvalue	pvalue	NOUN
gp-317	224	30	value	value	NOUN
gp-317	224	31	(	(	PUNCT
gp-317	224	32	ar2	ar2	PROPN
gp-317	224	33	)	)	PUNCT
gp-317	224	34	>	>	X
gp-317	225	1	a	a	DET
gp-317	225	2	(	(	PUNCT
gp-317	225	3	0.05	0.05	NUM
gp-317	225	4	)	)	PUNCT
gp-317	225	5	thus	thus	ADV
gp-317	225	6	,	,	PUNCT
gp-317	225	7	the	the	DET
gp-317	225	8	test	test	NOUN
gp-317	225	9	results	result	NOUN
gp-317	225	10	accept	accept	VERB
gp-317	225	11	h0	h0	NOUN
gp-317	225	12	in	in	ADP
gp-317	225	13	accordance	accordance	NOUN
gp-317	225	14	with	with	ADP
gp-317	225	15	the	the	DET
gp-317	225	16	conditions	condition	NOUN
gp-317	225	17	of	of	ADP
gp-317	225	18	the	the	DET
gp-317	225	19	ab	ab	PROPN
gp-317	225	20	test	test	NOUN
gp-317	225	21	,	,	PUNCT
gp-317	225	22	namely	namely	ADV
gp-317	225	23	in	in	ADP
gp-317	225	24	ar(1	ar(1	NOUN
gp-317	225	25	)	)	PUNCT
gp-317	225	26	have	have	VERB
gp-317	225	27	significant	significant	ADJ
gp-317	225	28	results	result	NOUN
gp-317	225	29	,	,	PUNCT
gp-317	225	30	while	while	SCONJ
gp-317	225	31	the	the	DET
gp-317	225	32	influence	influence	NOUN
gp-317	225	33	of	of	ADP
gp-317	225	34	monetary	monetary	ADJ
gp-317	225	35	policy	policy	NOUN
gp-317	225	36	,	,	PUNCT
gp-317	225	37	macroeconomic	macroeconomic	ADJ
gp-317	225	38	variables	variable	NOUN
gp-317	225	39	,	,	PUNCT
gp-317	225	40	global	global	ADJ
gp-317	225	41	markets	market	NOUN
gp-317	225	42	,	,	PUNCT
gp-317	225	43	and	and	CCONJ
gp-317	225	44	internal	internal	ADJ
gp-317	225	45	company	company	NOUN
gp-317	225	46	factors	factor	NOUN
gp-317	225	47	on	on	ADP
gp-317	225	48	stock	stock	NOUN
gp-317	225	49	returns	return	NOUN
gp-317	225	50	of	of	ADP
gp-317	225	51	lq45	lq45	PROPN
gp-317	225	52	companies	company	NOUN
gp-317	225	53	on	on	ADP
gp-317	225	54	the	the	DET
gp-317	225	55	indonesian	indonesian	ADJ
gp-317	225	56	stock	stock	PROPN
gp-317	225	57	exchange	exchange	PROPN
gp-317	225	58	1704	1704	NUM
gp-317	225	59	in	in	ADP
gp-317	225	60	ar(2	ar(2	NOUN
gp-317	225	61	)	)	PUNCT
gp-317	225	62	have	have	VERB
gp-317	225	63	insignificant	insignificant	ADJ
gp-317	225	64	results	result	NOUN
gp-317	225	65	.	.	PUNCT
gp-317	226	1	so	so	ADV
gp-317	226	2	it	it	PRON
gp-317	226	3	can	can	AUX
gp-317	226	4	be	be	AUX
gp-317	226	5	concluded	conclude	VERB
gp-317	226	6	that	that	SCONJ
gp-317	226	7	the	the	DET
gp-317	226	8	results	result	NOUN
gp-317	226	9	of	of	ADP
gp-317	226	10	the	the	DET
gp-317	226	11	gmm	gmm	PROPN
gp-317	226	12	model	model	NOUN
gp-317	226	13	estimation	estimation	NOUN
gp-317	226	14	in	in	ADP
gp-317	226	15	this	this	DET
gp-317	226	16	study	study	NOUN
gp-317	226	17	passed	pass	VERB
gp-317	226	18	the	the	DET
gp-317	226	19	arellano	arellano	PROPN
gp-317	226	20	-	-	PUNCT
gp-317	226	21	bond	bond	NOUN
gp-317	226	22	test	test	NOUN
gp-317	226	23	,	,	PUNCT
gp-317	226	24	which	which	PRON
gp-317	226	25	means	mean	VERB
gp-317	226	26	that	that	SCONJ
gp-317	226	27	the	the	DET
gp-317	226	28	estimation	estimation	NOUN
gp-317	226	29	results	result	NOUN
gp-317	226	30	are	be	AUX
gp-317	226	31	declared	declare	VERB
gp-317	226	32	consistent	consistent	ADJ
gp-317	226	33	and	and	CCONJ
gp-317	226	34	there	there	PRON
gp-317	226	35	is	be	VERB
gp-317	226	36	no	no	DET
gp-317	226	37	autocorrelation	autocorrelation	NOUN
gp-317	226	38	.	.	PUNCT
gp-317	227	1	the	the	DET
gp-317	227	2	results	result	NOUN
gp-317	227	3	of	of	ADP
gp-317	227	4	the	the	DET
gp-317	227	5	sargan	sargan	ADJ
gp-317	227	6	test	test	NOUN
gp-317	227	7	on	on	ADP
gp-317	227	8	the	the	DET
gp-317	227	9	sym	sym	PROPN
gp-317	227	10	-	-	PUNCT
gp-317	227	11	gmm	gmm	PROPN
gp-317	227	12	model	model	NOUN
gp-317	227	13	had	have	VERB
gp-317	227	14	a	a	DET
gp-317	227	15	pvalue	pvalue	NOUN
gp-317	227	16	value	value	NOUN
gp-317	227	17	of	of	ADP
gp-317	227	18	>	>	X
gp-317	227	19	a	a	DET
gp-317	227	20	(	(	PUNCT
gp-317	227	21	0.05	0.05	NUM
gp-317	227	22	)	)	PUNCT
gp-317	227	23	.	.	PUNCT
gp-317	228	1	thus	thus	ADV
gp-317	228	2	,	,	PUNCT
gp-317	228	3	the	the	DET
gp-317	228	4	test	test	NOUN
gp-317	228	5	results	result	NOUN
gp-317	228	6	received	receive	VERB
gp-317	228	7	h0	h0	PROPN
gp-317	228	8	,	,	PUNCT
gp-317	228	9	so	so	SCONJ
gp-317	228	10	it	it	PRON
gp-317	228	11	can	can	AUX
gp-317	228	12	be	be	AUX
gp-317	228	13	concluded	conclude	VERB
gp-317	228	14	that	that	SCONJ
gp-317	228	15	the	the	DET
gp-317	228	16	gmm	gmm	PROPN
gp-317	228	17	model	model	PROPN
gp-317	228	18	estimation	estimation	NOUN
gp-317	228	19	results	result	NOUN
gp-317	228	20	in	in	ADP
gp-317	228	21	this	this	DET
gp-317	228	22	model	model	NOUN
gp-317	228	23	passed	pass	VERB
gp-317	228	24	the	the	DET
gp-317	228	25	sargan	sargan	ADJ
gp-317	228	26	test	test	NOUN
gp-317	228	27	,	,	PUNCT
gp-317	228	28	which	which	PRON
gp-317	228	29	means	mean	VERB
gp-317	228	30	that	that	SCONJ
gp-317	228	31	the	the	DET
gp-317	228	32	estimation	estimation	NOUN
gp-317	228	33	results	result	NOUN
gp-317	228	34	were	be	AUX
gp-317	228	35	declared	declare	VERB
gp-317	228	36	valid	valid	ADJ
gp-317	228	37	.	.	PUNCT
gp-317	229	1	the	the	DET
gp-317	229	2	effect	effect	NOUN
gp-317	229	3	of	of	ADP
gp-317	229	4	bi	bi	ADJ
gp-317	229	5	rate	rate	NOUN
gp-317	229	6	on	on	ADP
gp-317	229	7	stock	stock	NOUN
gp-317	229	8	returns	return	NOUN
gp-317	229	9	based	base	VERB
gp-317	229	10	on	on	ADP
gp-317	229	11	the	the	DET
gp-317	229	12	results	result	NOUN
gp-317	229	13	of	of	ADP
gp-317	229	14	the	the	DET
gp-317	229	15	estimation	estimation	NOUN
gp-317	229	16	that	that	PRON
gp-317	229	17	has	have	AUX
gp-317	229	18	been	be	AUX
gp-317	229	19	carried	carry	VERB
gp-317	229	20	out	out	ADP
gp-317	229	21	,	,	PUNCT
gp-317	229	22	it	it	PRON
gp-317	229	23	is	be	AUX
gp-317	229	24	obtained	obtain	VERB
gp-317	229	25	that	that	SCONJ
gp-317	229	26	the	the	DET
gp-317	229	27	results	result	NOUN
gp-317	229	28	of	of	ADP
gp-317	229	29	the	the	DET
gp-317	229	30	gmm	gmm	PROPN
gp-317	229	31	estimation	estimation	NOUN
gp-317	229	32	test	test	NOUN
gp-317	229	33	for	for	ADP
gp-317	229	34	the	the	DET
gp-317	229	35	bi	bi	ADJ
gp-317	229	36	rate	rate	NOUN
gp-317	229	37	(	(	PUNCT
gp-317	229	38	bir	bir	NOUN
gp-317	229	39	)	)	PUNCT
gp-317	229	40	variable	variable	NOUN
gp-317	229	41	have	have	VERB
gp-317	229	42	a	a	DET
gp-317	229	43	significant	significant	ADJ
gp-317	229	44	positive	positive	ADJ
gp-317	229	45	and	and	CCONJ
gp-317	229	46	negative	negative	ADJ
gp-317	229	47	influence	influence	NOUN
gp-317	229	48	on	on	ADP
gp-317	229	49	stock	stock	NOUN
gp-317	229	50	return	return	NOUN
gp-317	229	51	(	(	PUNCT
gp-317	229	52	sr	sr	PROPN
gp-317	229	53	)	)	PUNCT
gp-317	229	54	.	.	PUNCT
gp-317	230	1	the	the	DET
gp-317	230	2	value	value	NOUN
gp-317	230	3	of	of	ADP
gp-317	230	4	the	the	DET
gp-317	230	5	coefficient	coefficient	NOUN
gp-317	230	6	with	with	ADP
gp-317	230	7	a	a	DET
gp-317	230	8	positive	positive	ADJ
gp-317	230	9	and	and	CCONJ
gp-317	230	10	significant	significant	ADJ
gp-317	230	11	influence	influence	NOUN
gp-317	230	12	of	of	ADP
gp-317	230	13	0.0221	0.0221	NUM
gp-317	230	14	to	to	ADP
gp-317	230	15	0.0290	0.0290	NUM
gp-317	230	16	means	mean	VERB
gp-317	230	17	that	that	SCONJ
gp-317	230	18	every	every	DET
gp-317	230	19	increase	increase	NOUN
gp-317	230	20	in	in	ADP
gp-317	230	21	bir	bir	NOUN
gp-317	230	22	by	by	ADP
gp-317	230	23	one	one	NUM
gp-317	230	24	percent	percent	NOUN
gp-317	230	25	,	,	PUNCT
gp-317	230	26	will	will	AUX
gp-317	230	27	cause	cause	VERB
gp-317	230	28	a	a	DET
gp-317	230	29	significant	significant	ADJ
gp-317	230	30	increase	increase	NOUN
gp-317	230	31	in	in	ADP
gp-317	230	32	stock	stock	NOUN
gp-317	230	33	return	return	NOUN
gp-317	230	34	by	by	ADP
gp-317	230	35	0.02	0.02	NUM
gp-317	230	36	to	to	PART
gp-317	230	37	0.03	0.03	NUM
gp-317	230	38	percent	percent	NOUN
gp-317	230	39	.	.	PUNCT
gp-317	231	1	meanwhile	meanwhile	ADV
gp-317	231	2	,	,	PUNCT
gp-317	231	3	the	the	DET
gp-317	231	4	value	value	NOUN
gp-317	231	5	of	of	ADP
gp-317	231	6	the	the	DET
gp-317	231	7	coefficient	coefficient	NOUN
gp-317	231	8	with	with	ADP
gp-317	231	9	a	a	DET
gp-317	231	10	negative	negative	ADJ
gp-317	231	11	and	and	CCONJ
gp-317	231	12	significant	significant	ADJ
gp-317	231	13	influence	influence	NOUN
gp-317	231	14	of	of	ADP
gp-317	231	15	-0.0241	-0.0241	NOUN
gp-317	231	16	to	to	ADP
gp-317	231	17	-0.0242	-0.0242	NOUN
gp-317	231	18	which	which	PRON
gp-317	231	19	means	mean	VERB
gp-317	231	20	that	that	SCONJ
gp-317	231	21	every	every	DET
gp-317	231	22	increase	increase	NOUN
gp-317	231	23	in	in	ADP
gp-317	231	24	bir	bir	NOUN
gp-317	231	25	by	by	ADP
gp-317	231	26	one	one	NUM
gp-317	231	27	percent	percent	NOUN
gp-317	231	28	,	,	PUNCT
gp-317	231	29	will	will	AUX
gp-317	231	30	cause	cause	VERB
gp-317	231	31	a	a	DET
gp-317	231	32	significant	significant	ADJ
gp-317	231	33	decrease	decrease	NOUN
gp-317	231	34	in	in	ADP
gp-317	231	35	stock	stock	NOUN
gp-317	231	36	return	return	NOUN
gp-317	231	37	by	by	ADP
gp-317	231	38	0.02	0.02	NUM
gp-317	231	39	percent	percent	NOUN
gp-317	231	40	.	.	PUNCT
gp-317	232	1	the	the	DET
gp-317	232	2	results	result	NOUN
gp-317	232	3	of	of	ADP
gp-317	232	4	the	the	DET
gp-317	232	5	estimation	estimation	NOUN
gp-317	232	6	that	that	PRON
gp-317	232	7	show	show	VERB
gp-317	232	8	a	a	DET
gp-317	232	9	positive	positive	ADJ
gp-317	232	10	and	and	CCONJ
gp-317	232	11	significant	significant	ADJ
gp-317	232	12	influence	influence	NOUN
gp-317	232	13	on	on	ADP
gp-317	232	14	this	this	DET
gp-317	232	15	study	study	NOUN
gp-317	232	16	are	be	AUX
gp-317	232	17	in	in	ADP
gp-317	232	18	line	line	NOUN
gp-317	232	19	with	with	ADP
gp-317	232	20	the	the	DET
gp-317	232	21	results	result	NOUN
gp-317	232	22	of	of	ADP
gp-317	232	23	the	the	DET
gp-317	232	24	research	research	NOUN
gp-317	232	25	conducted	conduct	VERB
gp-317	232	26	by	by	ADP
gp-317	232	27	budi	budi	PROPN
gp-317	232	28	&	&	CCONJ
gp-317	232	29	faizin	faizin	PROPN
gp-317	232	30	(	(	PUNCT
gp-317	232	31	2024	2024	NUM
gp-317	232	32	)	)	PUNCT
gp-317	232	33	which	which	PRON
gp-317	232	34	shows	show	VERB
gp-317	232	35	that	that	SCONJ
gp-317	232	36	the	the	DET
gp-317	232	37	bi	bi	ADJ
gp-317	232	38	rate	rate	NOUN
gp-317	232	39	has	have	VERB
gp-317	232	40	a	a	DET
gp-317	232	41	positive	positive	ADJ
gp-317	232	42	effect	effect	NOUN
gp-317	232	43	on	on	ADP
gp-317	232	44	stock	stock	NOUN
gp-317	232	45	returns	return	NOUN
gp-317	232	46	.	.	PUNCT
gp-317	233	1	interest	interest	NOUN
gp-317	233	2	rate	rate	NOUN
gp-317	233	3	hikes	hike	NOUN
gp-317	233	4	can	can	AUX
gp-317	233	5	be	be	AUX
gp-317	233	6	seen	see	VERB
gp-317	233	7	as	as	ADP
gp-317	233	8	an	an	DET
gp-317	233	9	action	action	NOUN
gp-317	233	10	to	to	PART
gp-317	233	11	control	control	VERB
gp-317	233	12	inflation	inflation	NOUN
gp-317	233	13	,	,	PUNCT
gp-317	233	14	with	with	ADP
gp-317	233	15	interest	interest	NOUN
gp-317	233	16	rates	rate	NOUN
gp-317	233	17	rising	rise	VERB
gp-317	233	18	this	this	PRON
gp-317	233	19	can	can	AUX
gp-317	233	20	increase	increase	VERB
gp-317	233	21	borrowing	borrowing	NOUN
gp-317	233	22	costs	cost	NOUN
gp-317	233	23	for	for	ADP
gp-317	233	24	companies	company	NOUN
gp-317	233	25	.	.	PUNCT
gp-317	234	1	this	this	DET
gp-317	234	2	result	result	NOUN
gp-317	234	3	is	be	AUX
gp-317	234	4	in	in	ADP
gp-317	234	5	line	line	NOUN
gp-317	234	6	with	with	ADP
gp-317	234	7	the	the	DET
gp-317	234	8	results	result	NOUN
gp-317	234	9	of	of	ADP
gp-317	234	10	zahra	zahra	PROPN
gp-317	234	11	et	et	PROPN
gp-317	234	12	al	al	PROPN
gp-317	234	13	.	.	PROPN
gp-317	234	14	's	's	PART
gp-317	234	15	(	(	PUNCT
gp-317	234	16	2025	2025	NUM
gp-317	234	17	)	)	PUNCT
gp-317	234	18	research	research	NOUN
gp-317	234	19	which	which	PRON
gp-317	234	20	shows	show	VERB
gp-317	234	21	that	that	SCONJ
gp-317	234	22	the	the	DET
gp-317	234	23	bi	bi	ADJ
gp-317	234	24	rate	rate	NOUN
gp-317	234	25	has	have	VERB
gp-317	234	26	a	a	DET
gp-317	234	27	positive	positive	ADJ
gp-317	234	28	effect	effect	NOUN
gp-317	234	29	on	on	ADP
gp-317	234	30	stock	stock	NOUN
gp-317	234	31	returns	return	NOUN
gp-317	234	32	.	.	PUNCT
gp-317	235	1	an	an	DET
gp-317	235	2	increase	increase	NOUN
gp-317	235	3	in	in	ADP
gp-317	235	4	the	the	DET
gp-317	235	5	bi	bi	ADJ
gp-317	235	6	rate	rate	NOUN
gp-317	235	7	will	will	AUX
gp-317	235	8	encourage	encourage	VERB
gp-317	235	9	an	an	DET
gp-317	235	10	increase	increase	NOUN
gp-317	235	11	in	in	ADP
gp-317	235	12	deposit	deposit	NOUN
gp-317	235	13	and	and	CCONJ
gp-317	235	14	credit	credit	NOUN
gp-317	235	15	interest	interest	NOUN
gp-317	235	16	rates	rate	NOUN
gp-317	235	17	at	at	ADP
gp-317	235	18	banking	banking	NOUN
gp-317	235	19	institutions	institution	NOUN
gp-317	235	20	,	,	PUNCT
gp-317	235	21	so	so	SCONJ
gp-317	235	22	that	that	SCONJ
gp-317	235	23	investment	investment	NOUN
gp-317	235	24	in	in	ADP
gp-317	235	25	stocks	stock	NOUN
gp-317	235	26	becomes	become	VERB
gp-317	235	27	more	more	ADV
gp-317	235	28	attractive	attractive	ADJ
gp-317	235	29	to	to	ADP
gp-317	235	30	investors	investor	NOUN
gp-317	235	31	and	and	CCONJ
gp-317	235	32	makes	make	VERB
gp-317	235	33	the	the	DET
gp-317	235	34	potential	potential	NOUN
gp-317	235	35	for	for	ADP
gp-317	235	36	higher	high	ADJ
gp-317	235	37	returns	return	NOUN
gp-317	235	38	.	.	PUNCT
gp-317	236	1	according	accord	VERB
gp-317	236	2	to	to	ADP
gp-317	236	3	cahyanti	cahyanti	PROPN
gp-317	236	4	et	et	PROPN
gp-317	236	5	al	al	PROPN
gp-317	236	6	.	.	PROPN
gp-317	237	1	(	(	PUNCT
gp-317	237	2	2024	2024	NUM
gp-317	237	3	)	)	PUNCT
gp-317	237	4	,	,	PUNCT
gp-317	237	5	any	any	DET
gp-317	237	6	increase	increase	NOUN
gp-317	237	7	in	in	ADP
gp-317	237	8	the	the	DET
gp-317	237	9	bi	bi	ADJ
gp-317	237	10	rate	rate	NOUN
gp-317	237	11	will	will	AUX
gp-317	237	12	affect	affect	VERB
gp-317	237	13	the	the	DET
gp-317	237	14	company	company	NOUN
gp-317	237	15	's	's	PART
gp-317	237	16	stock	stock	NOUN
gp-317	237	17	performance	performance	NOUN
gp-317	237	18	.	.	PUNCT
gp-317	238	1	the	the	DET
gp-317	238	2	sale	sale	NOUN
gp-317	238	3	of	of	ADP
gp-317	238	4	shares	share	NOUN
gp-317	238	5	depends	depend	VERB
gp-317	238	6	on	on	ADP
gp-317	238	7	bank	bank	PROPN
gp-317	238	8	indonesia	indonesia	PROPN
gp-317	238	9	's	's	PART
gp-317	238	10	decision	decision	NOUN
gp-317	238	11	to	to	PART
gp-317	238	12	determine	determine	VERB
gp-317	238	13	its	its	PRON
gp-317	238	14	interest	interest	NOUN
gp-317	238	15	rate	rate	NOUN
gp-317	238	16	.	.	PUNCT
gp-317	239	1	interest	interest	NOUN
gp-317	239	2	rates	rate	NOUN
gp-317	239	3	can	can	AUX
gp-317	239	4	affect	affect	VERB
gp-317	239	5	investments	investment	NOUN
gp-317	239	6	.	.	PUNCT
gp-317	240	1	to	to	PART
gp-317	240	2	encourage	encourage	VERB
gp-317	240	3	investment	investment	NOUN
gp-317	240	4	growth	growth	NOUN
gp-317	240	5	,	,	PUNCT
gp-317	240	6	the	the	DET
gp-317	240	7	government	government	NOUN
gp-317	240	8	will	will	AUX
gp-317	240	9	lower	lower	VERB
gp-317	240	10	interest	interest	NOUN
gp-317	240	11	rates	rate	NOUN
gp-317	240	12	because	because	SCONJ
gp-317	240	13	high	high	ADJ
gp-317	240	14	interest	interest	NOUN
gp-317	240	15	rates	rate	NOUN
gp-317	240	16	will	will	AUX
gp-317	240	17	cause	cause	VERB
gp-317	240	18	the	the	DET
gp-317	240	19	economy	economy	NOUN
gp-317	240	20	to	to	PART
gp-317	240	21	be	be	AUX
gp-317	240	22	weak	weak	ADJ
gp-317	240	23	,	,	PUNCT
gp-317	240	24	which	which	PRON
gp-317	240	25	will	will	AUX
gp-317	240	26	make	make	VERB
gp-317	240	27	investors	investor	NOUN
gp-317	240	28	disinterested	disintereste	VERB
gp-317	240	29	in	in	ADP
gp-317	240	30	stock	stock	NOUN
gp-317	240	31	investments	investment	NOUN
gp-317	240	32	and	and	CCONJ
gp-317	240	33	switch	switch	VERB
gp-317	240	34	to	to	ADP
gp-317	240	35	deposits	deposit	NOUN
gp-317	240	36	or	or	CCONJ
gp-317	240	37	bonds	bond	NOUN
gp-317	240	38	that	that	PRON
gp-317	240	39	are	be	AUX
gp-317	240	40	less	less	ADV
gp-317	240	41	risky	risky	ADJ
gp-317	240	42	and	and	CCONJ
gp-317	240	43	have	have	VERB
gp-317	240	44	greater	great	ADJ
gp-317	240	45	profits	profit	NOUN
gp-317	240	46	if	if	SCONJ
gp-317	240	47	interest	interest	NOUN
gp-317	240	48	rates	rate	NOUN
gp-317	240	49	rise	rise	VERB
gp-317	240	50	.	.	PUNCT
gp-317	241	1	the	the	DET
gp-317	241	2	results	result	NOUN
gp-317	241	3	of	of	ADP
gp-317	241	4	estimates	estimate	NOUN
gp-317	241	5	that	that	PRON
gp-317	241	6	show	show	VERB
gp-317	241	7	a	a	DET
gp-317	241	8	negative	negative	ADJ
gp-317	241	9	and	and	CCONJ
gp-317	241	10	significant	significant	ADJ
gp-317	241	11	influence	influence	NOUN
gp-317	241	12	on	on	ADP
gp-317	241	13	this	this	DET
gp-317	241	14	study	study	NOUN
gp-317	241	15	are	be	AUX
gp-317	241	16	in	in	ADP
gp-317	241	17	line	line	NOUN
gp-317	241	18	with	with	ADP
gp-317	241	19	the	the	DET
gp-317	241	20	results	result	NOUN
gp-317	241	21	of	of	ADP
gp-317	241	22	research	research	NOUN
gp-317	241	23	conducted	conduct	VERB
gp-317	241	24	by	by	ADP
gp-317	241	25	maulida	maulida	PROPN
gp-317	241	26	&	&	CCONJ
gp-317	241	27	yulianto	yulianto	PROPN
gp-317	241	28	(	(	PUNCT
gp-317	241	29	2023	2023	NUM
gp-317	241	30	)	)	PUNCT
gp-317	241	31	showing	show	VERB
gp-317	241	32	that	that	SCONJ
gp-317	241	33	the	the	DET
gp-317	241	34	bi	bi	ADJ
gp-317	241	35	rate	rate	NOUN
gp-317	241	36	has	have	VERB
gp-317	241	37	a	a	DET
gp-317	241	38	negative	negative	ADJ
gp-317	241	39	effect	effect	NOUN
gp-317	241	40	on	on	ADP
gp-317	241	41	stock	stock	NOUN
gp-317	241	42	returns	return	NOUN
gp-317	241	43	.	.	PUNCT
gp-317	242	1	changes	change	NOUN
gp-317	242	2	in	in	ADP
gp-317	242	3	the	the	DET
gp-317	242	4	bi	bi	ADJ
gp-317	242	5	rate	rate	NOUN
gp-317	242	6	can	can	AUX
gp-317	242	7	affect	affect	VERB
gp-317	242	8	the	the	DET
gp-317	242	9	company	company	NOUN
gp-317	242	10	's	's	PART
gp-317	242	11	stock	stock	NOUN
gp-317	242	12	returns	return	NOUN
gp-317	242	13	.	.	PUNCT
gp-317	243	1	when	when	SCONJ
gp-317	243	2	the	the	DET
gp-317	243	3	bi	bi	ADJ
gp-317	243	4	rate	rate	NOUN
gp-317	243	5	rises	rise	NOUN
gp-317	243	6	,	,	PUNCT
gp-317	243	7	the	the	DET
gp-317	243	8	company	company	NOUN
gp-317	243	9	's	's	PART
gp-317	243	10	profit	profit	NOUN
gp-317	243	11	will	will	AUX
gp-317	243	12	decrease	decrease	VERB
gp-317	243	13	because	because	SCONJ
gp-317	243	14	the	the	DET
gp-317	243	15	company	company	NOUN
gp-317	243	16	has	have	VERB
gp-317	243	17	to	to	PART
gp-317	243	18	pay	pay	VERB
gp-317	243	19	interest	interest	NOUN
gp-317	243	20	costs	cost	NOUN
gp-317	243	21	.	.	PUNCT
gp-317	244	1	higher	high	ADJ
gp-317	244	2	interest	interest	NOUN
gp-317	244	3	costs	cost	NOUN
gp-317	244	4	make	make	VERB
gp-317	244	5	production	production	NOUN
gp-317	244	6	costs	cost	NOUN
gp-317	244	7	higher	high	ADJ
gp-317	244	8	and	and	CCONJ
gp-317	244	9	cause	cause	VERB
gp-317	244	10	the	the	DET
gp-317	244	11	selling	selling	NOUN
gp-317	244	12	price	price	NOUN
gp-317	244	13	of	of	ADP
gp-317	244	14	products	product	NOUN
gp-317	244	15	to	to	PART
gp-317	244	16	be	be	AUX
gp-317	244	17	more	more	ADV
gp-317	244	18	expensive	expensive	ADJ
gp-317	244	19	.	.	PUNCT
gp-317	245	1	customers	customer	NOUN
gp-317	245	2	will	will	AUX
gp-317	245	3	be	be	AUX
gp-317	245	4	more	more	ADV
gp-317	245	5	likely	likely	ADJ
gp-317	245	6	to	to	PART
gp-317	245	7	hold	hold	VERB
gp-317	245	8	off	off	ADP
gp-317	245	9	on	on	ADP
gp-317	245	10	a	a	DET
gp-317	245	11	purchase	purchase	NOUN
gp-317	245	12	.	.	PUNCT
gp-317	246	1	this	this	PRON
gp-317	246	2	means	mean	VERB
gp-317	246	3	that	that	SCONJ
gp-317	246	4	it	it	PRON
gp-317	246	5	will	will	AUX
gp-317	246	6	reduce	reduce	VERB
gp-317	246	7	the	the	DET
gp-317	246	8	number	number	NOUN
gp-317	246	9	of	of	ADP
gp-317	246	10	product	product	NOUN
gp-317	246	11	sales	sale	NOUN
gp-317	246	12	,	,	PUNCT
gp-317	246	13	then	then	ADV
gp-317	246	14	the	the	DET
gp-317	246	15	company	company	NOUN
gp-317	246	16	's	's	PART
gp-317	246	17	profit	profit	NOUN
gp-317	246	18	will	will	AUX
gp-317	246	19	be	be	AUX
gp-317	246	20	cut	cut	VERB
gp-317	246	21	so	so	SCONJ
gp-317	246	22	that	that	SCONJ
gp-317	246	23	it	it	PRON
gp-317	246	24	will	will	AUX
gp-317	246	25	affect	affect	VERB
gp-317	246	26	the	the	DET
gp-317	246	27	company	company	NOUN
gp-317	246	28	's	's	PART
gp-317	246	29	stock	stock	NOUN
gp-317	246	30	price	price	NOUN
gp-317	246	31	and	and	CCONJ
gp-317	246	32	reduce	reduce	VERB
gp-317	246	33	returns	return	NOUN
gp-317	246	34	.	.	PUNCT
gp-317	247	1	in	in	ADP
gp-317	247	2	the	the	DET
gp-317	247	3	capm	capm	PROPN
gp-317	247	4	(	(	PUNCT
gp-317	247	5	capital	capital	NOUN
gp-317	247	6	assets	asset	NOUN
gp-317	247	7	pricing	pricing	NOUN
gp-317	247	8	model	model	NOUN
gp-317	247	9	)	)	PUNCT
gp-317	247	10	theory	theory	NOUN
gp-317	247	11	,	,	PUNCT
gp-317	247	12	the	the	DET
gp-317	247	13	bi	bi	ADJ
gp-317	247	14	rate	rate	NOUN
gp-317	247	15	is	be	AUX
gp-317	247	16	a	a	DET
gp-317	247	17	component	component	NOUN
gp-317	247	18	of	of	ADP
gp-317	247	19	the	the	DET
gp-317	247	20	risk	risk	NOUN
gp-317	247	21	-	-	PUNCT
gp-317	247	22	free	free	ADJ
gp-317	247	23	rate	rate	NOUN
gp-317	247	24	(	(	PUNCT
gp-317	247	25	rf	rf	NOUN
gp-317	247	26	)	)	PUNCT
gp-317	247	27	by	by	ADP
gp-317	247	28	sharpe	sharpe	PROPN
gp-317	247	29	(	(	PUNCT
gp-317	247	30	1964	1964	NUM
gp-317	247	31	)	)	PUNCT
gp-317	247	32	,	,	PUNCT
gp-317	247	33	which	which	PRON
gp-317	247	34	is	be	AUX
gp-317	247	35	represented	represent	VERB
gp-317	247	36	by	by	ADP
gp-317	247	37	the	the	DET
gp-317	247	38	interest	interest	NOUN
gp-317	247	39	rate	rate	NOUN
gp-317	247	40	of	of	ADP
gp-317	247	41	short	short	ADJ
gp-317	247	42	-	-	PUNCT
gp-317	247	43	term	term	NOUN
gp-317	247	44	government	government	NOUN
gp-317	247	45	bonds	bond	NOUN
gp-317	247	46	or	or	CCONJ
gp-317	247	47	risk	risk	NOUN
gp-317	247	48	-	-	PUNCT
gp-317	247	49	free	free	ADJ
gp-317	247	50	instruments	instrument	NOUN
gp-317	247	51	.	.	PUNCT
gp-317	248	1	when	when	SCONJ
gp-317	248	2	bi	bi	NOUN
gp-317	248	3	the	the	DET
gp-317	248	4	rate	rate	NOUN
gp-317	248	5	increases	increase	NOUN
gp-317	248	6	,	,	PUNCT
gp-317	248	7	the	the	DET
gp-317	248	8	risk	risk	NOUN
gp-317	248	9	-	-	PUNCT
gp-317	248	10	free	free	ADJ
gp-317	248	11	rate	rate	NOUN
gp-317	248	12	increases	increase	NOUN
gp-317	248	13	,	,	PUNCT
gp-317	248	14	which	which	PRON
gp-317	248	15	has	have	VERB
gp-317	248	16	an	an	DET
gp-317	248	17	impact	impact	NOUN
gp-317	248	18	on	on	ADP
gp-317	248	19	increasing	increase	VERB
gp-317	248	20	investor	investor	NOUN
gp-317	248	21	returns	return	NOUN
gp-317	248	22	.	.	PUNCT
gp-317	249	1	to	to	PART
gp-317	249	2	achieve	achieve	VERB
gp-317	249	3	higher	high	ADJ
gp-317	249	4	returns	return	NOUN
gp-317	249	5	,	,	PUNCT
gp-317	249	6	the	the	DET
gp-317	249	7	stock	stock	NOUN
gp-317	249	8	price	price	NOUN
gp-317	249	9	must	must	AUX
gp-317	249	10	fall	fall	VERB
gp-317	249	11	.	.	PUNCT
gp-317	250	1	therefore	therefore	ADV
gp-317	250	2	,	,	PUNCT
gp-317	250	3	the	the	DET
gp-317	250	4	increase	increase	NOUN
gp-317	250	5	in	in	ADP
gp-317	250	6	the	the	DET
gp-317	250	7	bi	bi	NOUN
gp-317	250	8	rate	rate	NOUN
gp-317	250	9	tends	tend	VERB
gp-317	250	10	to	to	PART
gp-317	250	11	lower	lower	VERB
gp-317	250	12	stock	stock	NOUN
gp-317	250	13	prices	price	NOUN
gp-317	250	14	in	in	ADP
gp-317	250	15	the	the	DET
gp-317	250	16	short	short	ADJ
gp-317	250	17	term	term	NOUN
gp-317	250	18	,	,	PUNCT
gp-317	250	19	so	so	ADV
gp-317	250	20	the	the	DET
gp-317	250	21	actual	actual	ADJ
gp-317	250	22	stock	stock	NOUN
gp-317	250	23	return	return	NOUN
gp-317	250	24	can	can	AUX
gp-317	250	25	be	be	AUX
gp-317	250	26	negative	negative	ADJ
gp-317	250	27	.	.	PUNCT
gp-317	251	1	conversely	conversely	ADV
gp-317	251	2	,	,	PUNCT
gp-317	251	3	the	the	DET
gp-317	251	4	bi	bi	ADJ
gp-317	251	5	rate	rate	NOUN
gp-317	251	6	reduction	reduction	NOUN
gp-317	251	7	lowers	lower	VERB
gp-317	251	8	the	the	DET
gp-317	251	9	risk	risk	NOUN
gp-317	251	10	-	-	PUNCT
gp-317	251	11	free	free	ADJ
gp-317	251	12	rate	rate	NOUN
gp-317	251	13	and	and	CCONJ
gp-317	251	14	increases	increase	VERB
gp-317	251	15	stock	stock	NOUN
gp-317	251	16	valuations	valuation	NOUN
gp-317	251	17	because	because	SCONJ
gp-317	251	18	investors	investor	NOUN
gp-317	251	19	are	be	AUX
gp-317	251	20	willing	willing	ADJ
gp-317	251	21	to	to	PART
gp-317	251	22	accept	accept	VERB
gp-317	251	23	lower	low	ADJ
gp-317	251	24	returns	return	NOUN
gp-317	251	25	.	.	PUNCT
gp-317	252	1	this	this	PRON
gp-317	252	2	can	can	AUX
gp-317	252	3	drive	drive	VERB
gp-317	252	4	higher	high	ADJ
gp-317	252	5	stock	stock	NOUN
gp-317	252	6	prices	price	NOUN
gp-317	252	7	and	and	CCONJ
gp-317	252	8	positive	positive	ADJ
gp-317	252	9	returns	return	NOUN
gp-317	252	10	.	.	PUNCT
gp-317	253	1	the	the	DET
gp-317	253	2	influence	influence	NOUN
gp-317	253	3	of	of	ADP
gp-317	253	4	monetary	monetary	ADJ
gp-317	253	5	policy	policy	NOUN
gp-317	253	6	,	,	PUNCT
gp-317	253	7	macroeconomic	macroeconomic	ADJ
gp-317	253	8	variables	variable	NOUN
gp-317	253	9	,	,	PUNCT
gp-317	253	10	global	global	ADJ
gp-317	253	11	markets	market	NOUN
gp-317	253	12	,	,	PUNCT
gp-317	253	13	and	and	CCONJ
gp-317	253	14	internal	internal	ADJ
gp-317	253	15	company	company	NOUN
gp-317	253	16	factors	factor	NOUN
gp-317	253	17	on	on	ADP
gp-317	253	18	stock	stock	NOUN
gp-317	253	19	returns	return	NOUN
gp-317	253	20	of	of	ADP
gp-317	253	21	lq45	lq45	PROPN
gp-317	253	22	companies	company	NOUN
gp-317	253	23	on	on	ADP
gp-317	253	24	the	the	DET
gp-317	253	25	indonesian	indonesian	ADJ
gp-317	253	26	stock	stock	PROPN
gp-317	253	27	exchange	exchange	PROPN
gp-317	253	28	1705	1705	NUM
gp-317	253	29	the	the	DET
gp-317	253	30	relationship	relationship	NOUN
gp-317	253	31	between	between	ADP
gp-317	253	32	signalling	signal	VERB
gp-317	253	33	theory	theory	NOUN
gp-317	253	34	and	and	CCONJ
gp-317	253	35	bi	bi	ADJ
gp-317	253	36	rate	rate	NOUN
gp-317	253	37	in	in	ADP
gp-317	253	38	a	a	DET
gp-317	253	39	study	study	NOUN
gp-317	253	40	conducted	conduct	VERB
gp-317	253	41	by	by	ADP
gp-317	253	42	daud	daud	PROPN
gp-317	253	43	&	&	CCONJ
gp-317	253	44	sihombing	sihombing	PROPN
gp-317	253	45	(	(	PUNCT
gp-317	253	46	2022	2022	NUM
gp-317	253	47	)	)	PUNCT
gp-317	253	48	states	state	VERB
gp-317	253	49	that	that	SCONJ
gp-317	253	50	changes	change	VERB
gp-317	253	51	in	in	ADP
gp-317	253	52	the	the	DET
gp-317	253	53	bi	bi	NOUN
gp-317	253	54	rate	rate	NOUN
gp-317	253	55	have	have	VERB
gp-317	253	56	an	an	DET
gp-317	253	57	impact	impact	NOUN
gp-317	253	58	on	on	ADP
gp-317	253	59	the	the	DET
gp-317	253	60	financial	financial	ADJ
gp-317	253	61	and	and	CCONJ
gp-317	253	62	capital	capital	NOUN
gp-317	253	63	markets	market	NOUN
gp-317	253	64	.	.	PUNCT
gp-317	254	1	an	an	DET
gp-317	254	2	increase	increase	NOUN
gp-317	254	3	in	in	ADP
gp-317	254	4	the	the	DET
gp-317	254	5	bi	bi	NOUN
gp-317	254	6	rate	rate	NOUN
gp-317	254	7	can	can	AUX
gp-317	254	8	reduce	reduce	VERB
gp-317	254	9	the	the	DET
gp-317	254	10	company	company	NOUN
gp-317	254	11	's	's	PART
gp-317	254	12	profitability	profitability	NOUN
gp-317	254	13	.	.	PUNCT
gp-317	255	1	this	this	DET
gp-317	255	2	theory	theory	NOUN
gp-317	255	3	provides	provide	VERB
gp-317	255	4	a	a	DET
gp-317	255	5	signal	signal	NOUN
gp-317	255	6	to	to	ADP
gp-317	255	7	investors	investor	NOUN
gp-317	255	8	as	as	SCONJ
gp-317	255	9	seen	see	VERB
gp-317	255	10	from	from	ADP
gp-317	255	11	changes	change	NOUN
gp-317	255	12	in	in	ADP
gp-317	255	13	the	the	DET
gp-317	255	14	bi	bi	ADJ
gp-317	255	15	rate	rate	NOUN
gp-317	255	16	to	to	PART
gp-317	255	17	determine	determine	VERB
gp-317	255	18	their	their	PRON
gp-317	255	19	investments	investment	NOUN
gp-317	255	20	.	.	PUNCT
gp-317	256	1	if	if	SCONJ
gp-317	256	2	the	the	DET
gp-317	256	3	bi	bi	ADJ
gp-317	256	4	rate	rate	NOUN
gp-317	256	5	increases	increase	NOUN
gp-317	256	6	,	,	PUNCT
gp-317	256	7	the	the	DET
gp-317	256	8	stock	stock	NOUN
gp-317	256	9	price	price	NOUN
gp-317	256	10	will	will	AUX
gp-317	256	11	also	also	ADV
gp-317	256	12	increase	increase	VERB
gp-317	256	13	,	,	PUNCT
gp-317	256	14	affecting	affect	VERB
gp-317	256	15	stock	stock	NOUN
gp-317	256	16	returns	return	NOUN
gp-317	256	17	.	.	PUNCT
gp-317	257	1	thus	thus	ADV
gp-317	257	2	,	,	PUNCT
gp-317	257	3	this	this	PRON
gp-317	257	4	affects	affect	VERB
gp-317	257	5	the	the	DET
gp-317	257	6	return	return	NOUN
gp-317	257	7	of	of	ADP
gp-317	257	8	the	the	DET
gp-317	257	9	company	company	NOUN
gp-317	257	10	's	's	PART
gp-317	257	11	shares	share	NOUN
gp-317	257	12	and	and	CCONJ
gp-317	257	13	affects	affect	VERB
gp-317	257	14	the	the	DET
gp-317	257	15	return	return	NOUN
gp-317	257	16	of	of	ADP
gp-317	257	17	the	the	DET
gp-317	257	18	shares	share	NOUN
gp-317	257	19	that	that	PRON
gp-317	257	20	investors	investor	NOUN
gp-317	257	21	will	will	AUX
gp-317	257	22	receive	receive	VERB
gp-317	257	23	.	.	PUNCT
gp-317	258	1	monetary	monetary	ADJ
gp-317	258	2	policy	policy	NOUN
gp-317	258	3	is	be	AUX
gp-317	258	4	used	use	VERB
gp-317	258	5	as	as	ADP
gp-317	258	6	the	the	DET
gp-317	258	7	main	main	ADJ
gp-317	258	8	tool	tool	NOUN
gp-317	258	9	in	in	ADP
gp-317	258	10	controlling	control	VERB
gp-317	258	11	financial	financial	ADJ
gp-317	258	12	system	system	NOUN
gp-317	258	13	stability	stability	NOUN
gp-317	258	14	(	(	PUNCT
gp-317	258	15	anwar	anwar	PROPN
gp-317	258	16	et	et	PROPN
gp-317	258	17	al	al	PROPN
gp-317	258	18	.	.	PROPN
gp-317	258	19	,	,	PUNCT
gp-317	258	20	2022	2022	NUM
gp-317	258	21	)	)	PUNCT
gp-317	258	22	.	.	PUNCT
gp-317	259	1	so	so	ADV
gp-317	259	2	the	the	DET
gp-317	259	3	central	central	ADJ
gp-317	259	4	bank	bank	NOUN
gp-317	259	5	as	as	ADP
gp-317	259	6	a	a	DET
gp-317	259	7	state	state	NOUN
gp-317	259	8	institution	institution	NOUN
gp-317	259	9	that	that	PRON
gp-317	259	10	has	have	VERB
gp-317	259	11	full	full	ADJ
gp-317	259	12	authority	authority	NOUN
gp-317	259	13	in	in	ADP
gp-317	259	14	monetary	monetary	ADJ
gp-317	259	15	policy	policy	NOUN
gp-317	259	16	needs	need	VERB
gp-317	259	17	to	to	PART
gp-317	259	18	ensure	ensure	VERB
gp-317	259	19	that	that	SCONJ
gp-317	259	20	the	the	DET
gp-317	259	21	policies	policy	NOUN
gp-317	259	22	imposed	impose	VERB
gp-317	259	23	are	be	AUX
gp-317	259	24	efficient	efficient	ADJ
gp-317	259	25	,	,	PUNCT
gp-317	259	26	because	because	SCONJ
gp-317	259	27	as	as	SCONJ
gp-317	259	28	has	have	AUX
gp-317	259	29	been	be	AUX
gp-317	259	30	explained	explain	VERB
gp-317	259	31	,	,	PUNCT
gp-317	259	32	the	the	DET
gp-317	259	33	monetary	monetary	ADJ
gp-317	259	34	policy	policy	NOUN
gp-317	259	35	will	will	AUX
gp-317	259	36	affect	affect	VERB
gp-317	259	37	many	many	ADJ
gp-317	259	38	aspects	aspect	NOUN
gp-317	259	39	in	in	ADP
gp-317	259	40	the	the	DET
gp-317	259	41	economic	economic	ADJ
gp-317	259	42	system	system	NOUN
gp-317	259	43	,	,	PUNCT
gp-317	259	44	including	include	VERB
gp-317	259	45	the	the	DET
gp-317	259	46	rate	rate	NOUN
gp-317	259	47	of	of	ADP
gp-317	259	48	increase	increase	NOUN
gp-317	259	49	and	and	CCONJ
gp-317	259	50	decrease	decrease	NOUN
gp-317	259	51	in	in	ADP
gp-317	259	52	stock	stock	NOUN
gp-317	259	53	prices	price	NOUN
gp-317	259	54	that	that	PRON
gp-317	259	55	affect	affect	VERB
gp-317	259	56	stock	stock	NOUN
gp-317	259	57	returns	return	NOUN
gp-317	259	58	.	.	PUNCT
gp-317	260	1	from	from	ADP
gp-317	260	2	the	the	DET
gp-317	260	3	overall	overall	ADJ
gp-317	260	4	results	result	NOUN
gp-317	260	5	of	of	ADP
gp-317	260	6	gmm	gmm	NOUN
gp-317	260	7	estimation	estimation	NOUN
gp-317	260	8	in	in	ADP
gp-317	260	9	this	this	DET
gp-317	260	10	study	study	NOUN
gp-317	260	11	,	,	PUNCT
gp-317	260	12	it	it	PRON
gp-317	260	13	proves	prove	VERB
gp-317	260	14	that	that	SCONJ
gp-317	260	15	the	the	DET
gp-317	260	16	bi	bi	ADJ
gp-317	260	17	rate	rate	NOUN
gp-317	260	18	has	have	VERB
gp-317	260	19	an	an	DET
gp-317	260	20	inconsistent	inconsistent	ADJ
gp-317	260	21	influence	influence	NOUN
gp-317	260	22	between	between	ADP
gp-317	260	23	positive	positive	ADJ
gp-317	260	24	/	/	SYM
gp-317	260	25	negative	negative	ADJ
gp-317	260	26	and	and	CCONJ
gp-317	260	27	significant	significant	ADJ
gp-317	260	28	on	on	ADP
gp-317	260	29	stock	stock	NOUN
gp-317	260	30	return	return	NOUN
gp-317	260	31	.	.	PUNCT
gp-317	261	1	this	this	PRON
gp-317	261	2	is	be	AUX
gp-317	261	3	in	in	ADP
gp-317	261	4	accordance	accordance	NOUN
gp-317	261	5	with	with	ADP
gp-317	261	6	the	the	DET
gp-317	261	7	hypothesis	hypothesis	NOUN
gp-317	261	8	proposed	propose	VERB
gp-317	261	9	and	and	CCONJ
gp-317	261	10	the	the	DET
gp-317	261	11	existing	exist	VERB
gp-317	261	12	theory	theory	NOUN
gp-317	261	13	,	,	PUNCT
gp-317	261	14	which	which	PRON
gp-317	261	15	refers	refer	VERB
gp-317	261	16	to	to	ADP
gp-317	261	17	the	the	DET
gp-317	261	18	conclusion	conclusion	NOUN
gp-317	261	19	that	that	SCONJ
gp-317	261	20	an	an	DET
gp-317	261	21	increase	increase	NOUN
gp-317	261	22	in	in	ADP
gp-317	261	23	the	the	DET
gp-317	261	24	bi	bi	NOUN
gp-317	261	25	rate	rate	NOUN
gp-317	261	26	,	,	PUNCT
gp-317	261	27	there	there	PRON
gp-317	261	28	will	will	AUX
gp-317	261	29	be	be	AUX
gp-317	261	30	an	an	DET
gp-317	261	31	increase	increase	NOUN
gp-317	261	32	in	in	ADP
gp-317	261	33	the	the	DET
gp-317	261	34	level	level	NOUN
gp-317	261	35	of	of	ADP
gp-317	261	36	stock	stock	NOUN
gp-317	261	37	return	return	NOUN
gp-317	261	38	.	.	PUNCT
gp-317	262	1	meanwhile	meanwhile	ADV
gp-317	262	2	,	,	PUNCT
gp-317	262	3	the	the	DET
gp-317	262	4	negative	negative	ADJ
gp-317	262	5	influence	influence	NOUN
gp-317	262	6	shows	show	VERB
gp-317	262	7	that	that	SCONJ
gp-317	262	8	the	the	DET
gp-317	262	9	bi	bi	ADJ
gp-317	262	10	rate	rate	NOUN
gp-317	262	11	increase	increase	NOUN
gp-317	262	12	will	will	AUX
gp-317	262	13	reduce	reduce	VERB
gp-317	262	14	the	the	DET
gp-317	262	15	stock	stock	NOUN
gp-317	262	16	return	return	NOUN
gp-317	262	17	rate	rate	NOUN
gp-317	262	18	of	of	ADP
gp-317	262	19	lq45	lq45	PROPN
gp-317	262	20	companies	company	NOUN
gp-317	262	21	on	on	ADP
gp-317	262	22	the	the	DET
gp-317	262	23	indonesia	indonesia	PROPN
gp-317	262	24	stock	stock	PROPN
gp-317	262	25	exchange	exchange	PROPN
gp-317	262	26	.	.	PUNCT
gp-317	263	1	the	the	DET
gp-317	263	2	effect	effect	NOUN
gp-317	263	3	of	of	ADP
gp-317	263	4	inflation	inflation	NOUN
gp-317	263	5	on	on	ADP
gp-317	263	6	stock	stock	NOUN
gp-317	263	7	returns	return	NOUN
gp-317	263	8	based	base	VERB
gp-317	263	9	on	on	ADP
gp-317	263	10	the	the	DET
gp-317	263	11	results	result	NOUN
gp-317	263	12	of	of	ADP
gp-317	263	13	the	the	DET
gp-317	263	14	estimation	estimation	NOUN
gp-317	263	15	that	that	PRON
gp-317	263	16	has	have	AUX
gp-317	263	17	been	be	AUX
gp-317	263	18	carried	carry	VERB
gp-317	263	19	out	out	ADP
gp-317	263	20	,	,	PUNCT
gp-317	263	21	it	it	PRON
gp-317	263	22	is	be	AUX
gp-317	263	23	obtained	obtain	VERB
gp-317	263	24	that	that	SCONJ
gp-317	263	25	the	the	DET
gp-317	263	26	results	result	NOUN
gp-317	263	27	of	of	ADP
gp-317	263	28	the	the	DET
gp-317	263	29	gmm	gmm	PROPN
gp-317	263	30	estimation	estimation	NOUN
gp-317	263	31	test	test	NOUN
gp-317	263	32	for	for	ADP
gp-317	263	33	the	the	DET
gp-317	263	34	inflation	inflation	NOUN
gp-317	263	35	variable	variable	NOUN
gp-317	263	36	(	(	PUNCT
gp-317	263	37	inf	inf	NOUN
gp-317	263	38	)	)	PUNCT
gp-317	263	39	have	have	VERB
gp-317	263	40	a	a	DET
gp-317	263	41	negative	negative	ADJ
gp-317	263	42	and	and	CCONJ
gp-317	263	43	significant	significant	ADJ
gp-317	263	44	influence	influence	NOUN
gp-317	263	45	on	on	ADP
gp-317	263	46	stock	stock	NOUN
gp-317	263	47	return	return	NOUN
gp-317	263	48	(	(	PUNCT
gp-317	263	49	sr	sr	PROPN
gp-317	263	50	)	)	PUNCT
gp-317	263	51	.	.	PUNCT
gp-317	264	1	the	the	DET
gp-317	264	2	coefficient	coefficient	NOUN
gp-317	264	3	value	value	NOUN
gp-317	264	4	is	be	AUX
gp-317	264	5	-0.0128	-0.0128	NOUN
gp-317	264	6	to	to	ADP
gp-317	264	7	-0.0142	-0.0142	NOUN
gp-317	264	8	which	which	PRON
gp-317	264	9	means	mean	VERB
gp-317	264	10	that	that	SCONJ
gp-317	264	11	every	every	DET
gp-317	264	12	increase	increase	NOUN
gp-317	264	13	in	in	ADP
gp-317	264	14	inf	inf	NOUN
gp-317	264	15	by	by	ADP
gp-317	264	16	one	one	NUM
gp-317	264	17	percent	percent	NOUN
gp-317	264	18	,	,	PUNCT
gp-317	264	19	will	will	AUX
gp-317	264	20	cause	cause	VERB
gp-317	264	21	a	a	DET
gp-317	264	22	significant	significant	ADJ
gp-317	264	23	decrease	decrease	NOUN
gp-317	264	24	in	in	ADP
gp-317	264	25	stock	stock	NOUN
gp-317	264	26	return	return	NOUN
gp-317	264	27	of	of	ADP
gp-317	264	28	0.0128	0.0128	NUM
gp-317	264	29	to	to	ADP
gp-317	264	30	0.0142	0.0142	NUM
gp-317	264	31	percent	percent	NOUN
gp-317	264	32	.	.	PUNCT
gp-317	265	1	the	the	DET
gp-317	265	2	results	result	NOUN
gp-317	265	3	of	of	ADP
gp-317	265	4	the	the	DET
gp-317	265	5	estimation	estimation	NOUN
gp-317	265	6	obtained	obtain	VERB
gp-317	265	7	in	in	ADP
gp-317	265	8	this	this	DET
gp-317	265	9	study	study	NOUN
gp-317	265	10	are	be	AUX
gp-317	265	11	in	in	ADP
gp-317	265	12	line	line	NOUN
gp-317	265	13	with	with	ADP
gp-317	265	14	the	the	DET
gp-317	265	15	results	result	NOUN
gp-317	265	16	of	of	ADP
gp-317	265	17	khezri	khezri	PROPN
gp-317	265	18	et	et	PROPN
gp-317	265	19	al	al	PROPN
gp-317	265	20	.	.	PROPN
gp-317	265	21	's	's	PART
gp-317	265	22	(	(	PUNCT
gp-317	265	23	2019	2019	NUM
gp-317	265	24	)	)	PUNCT
gp-317	265	25	research	research	NOUN
gp-317	265	26	which	which	PRON
gp-317	265	27	shows	show	VERB
gp-317	265	28	that	that	SCONJ
gp-317	265	29	inflation	inflation	NOUN
gp-317	265	30	has	have	VERB
gp-317	265	31	a	a	DET
gp-317	265	32	negative	negative	ADJ
gp-317	265	33	and	and	CCONJ
gp-317	265	34	significant	significant	ADJ
gp-317	265	35	effect	effect	NOUN
gp-317	265	36	on	on	ADP
gp-317	265	37	stock	stock	NOUN
gp-317	265	38	returns	return	NOUN
gp-317	265	39	.	.	PUNCT
gp-317	266	1	inflation	inflation	NOUN
gp-317	266	2	affects	affect	VERB
gp-317	266	3	stock	stock	NOUN
gp-317	266	4	returns	return	NOUN
gp-317	266	5	through	through	ADP
gp-317	266	6	two	two	NUM
gp-317	266	7	channels	channel	NOUN
gp-317	266	8	:	:	PUNCT
gp-317	266	9	permanent	permanent	ADJ
gp-317	266	10	and	and	CCONJ
gp-317	266	11	temporary	temporary	ADJ
gp-317	266	12	inflationary	inflationary	ADJ
gp-317	266	13	components	component	NOUN
gp-317	266	14	and	and	CCONJ
gp-317	266	15	depends	depend	VERB
gp-317	266	16	on	on	ADP
gp-317	266	17	the	the	DET
gp-317	266	18	source	source	NOUN
gp-317	266	19	of	of	ADP
gp-317	266	20	fluctuations	fluctuation	NOUN
gp-317	266	21	;	;	PUNCT
gp-317	266	22	volatility	volatility	NOUN
gp-317	266	23	of	of	ADP
gp-317	266	24	price	price	NOUN
gp-317	266	25	has	have	VERB
gp-317	266	26	a	a	DET
gp-317	266	27	different	different	ADJ
gp-317	266	28	effect	effect	NOUN
gp-317	266	29	on	on	ADP
gp-317	266	30	production	production	NOUN
gp-317	266	31	.	.	PUNCT
gp-317	267	1	permanent	permanent	ADJ
gp-317	267	2	components	component	NOUN
gp-317	267	3	derived	derive	VERB
gp-317	267	4	from	from	ADP
gp-317	267	5	supply	supply	NOUN
gp-317	267	6	shocks	shock	NOUN
gp-317	267	7	create	create	VERB
gp-317	267	8	movements	movement	NOUN
gp-317	267	9	in	in	ADP
gp-317	267	10	real	real	ADJ
gp-317	267	11	activities	activity	NOUN
gp-317	267	12	(	(	PUNCT
gp-317	267	13	such	such	ADJ
gp-317	267	14	as	as	ADP
gp-317	267	15	changes	change	NOUN
gp-317	267	16	in	in	ADP
gp-317	267	17	business	business	NOUN
gp-317	267	18	situations	situation	NOUN
gp-317	267	19	or	or	CCONJ
gp-317	267	20	energy	energy	NOUN
gp-317	267	21	prices	price	NOUN
gp-317	267	22	)	)	PUNCT
gp-317	267	23	.	.	PUNCT
gp-317	268	1	through	through	ADP
gp-317	268	2	this	this	DET
gp-317	268	3	channel	channel	NOUN
gp-317	268	4	,	,	PUNCT
gp-317	268	5	any	any	DET
gp-317	268	6	change	change	NOUN
gp-317	268	7	in	in	ADP
gp-317	268	8	inflation	inflation	NOUN
gp-317	268	9	negatively	negatively	ADV
gp-317	268	10	impacts	impact	VERB
gp-317	268	11	production	production	NOUN
gp-317	268	12	.	.	PUNCT
gp-317	269	1	basically	basically	ADV
gp-317	269	2	,	,	PUNCT
gp-317	269	3	supply	supply	NOUN
gp-317	269	4	disruptions	disruption	NOUN
gp-317	269	5	have	have	VERB
gp-317	269	6	an	an	DET
gp-317	269	7	impact	impact	NOUN
gp-317	269	8	on	on	ADP
gp-317	269	9	the	the	DET
gp-317	269	10	permanent	permanent	ADJ
gp-317	269	11	component	component	NOUN
gp-317	269	12	of	of	ADP
gp-317	269	13	inflation	inflation	NOUN
gp-317	269	14	and	and	CCONJ
gp-317	269	15	reflect	reflect	VERB
gp-317	269	16	changes	change	NOUN
gp-317	269	17	in	in	ADP
gp-317	269	18	real	real	ADJ
gp-317	269	19	economic	economic	ADJ
gp-317	269	20	activity	activity	NOUN
gp-317	269	21	and	and	CCONJ
gp-317	269	22	can	can	AUX
gp-317	269	23	lead	lead	VERB
gp-317	269	24	to	to	ADP
gp-317	269	25	a	a	DET
gp-317	269	26	negative	negative	ADJ
gp-317	269	27	relationship	relationship	NOUN
gp-317	269	28	between	between	ADP
gp-317	269	29	stock	stock	NOUN
gp-317	269	30	returns	return	NOUN
gp-317	269	31	and	and	CCONJ
gp-317	269	32	inflation	inflation	NOUN
gp-317	269	33	.	.	PUNCT
gp-317	270	1	this	this	DET
gp-317	270	2	result	result	NOUN
gp-317	270	3	is	be	AUX
gp-317	270	4	in	in	ADP
gp-317	270	5	line	line	NOUN
gp-317	270	6	with	with	ADP
gp-317	270	7	research	research	NOUN
gp-317	270	8	by	by	ADP
gp-317	270	9	asiedu	asiedu	PROPN
gp-317	270	10	et	et	PROPN
gp-317	270	11	al	al	PROPN
gp-317	270	12	.	.	PROPN
gp-317	271	1	(	(	PUNCT
gp-317	271	2	2021	2021	NUM
gp-317	271	3	)	)	PUNCT
gp-317	271	4	which	which	PRON
gp-317	271	5	shows	show	VERB
gp-317	271	6	that	that	SCONJ
gp-317	271	7	inflation	inflation	NOUN
gp-317	271	8	has	have	VERB
gp-317	271	9	a	a	DET
gp-317	271	10	negative	negative	ADJ
gp-317	271	11	effect	effect	NOUN
gp-317	271	12	on	on	ADP
gp-317	271	13	stock	stock	NOUN
gp-317	271	14	returns	return	NOUN
gp-317	271	15	.	.	PUNCT
gp-317	272	1	the	the	DET
gp-317	272	2	increase	increase	NOUN
gp-317	272	3	in	in	ADP
gp-317	272	4	inflation	inflation	NOUN
gp-317	272	5	increases	increase	VERB
gp-317	272	6	the	the	DET
gp-317	272	7	nominal	nominal	ADJ
gp-317	272	8	risk	risk	NOUN
gp-317	272	9	-	-	PUNCT
gp-317	272	10	free	free	ADJ
gp-317	272	11	rate	rate	NOUN
gp-317	272	12	and	and	CCONJ
gp-317	272	13	increases	increase	VERB
gp-317	272	14	the	the	DET
gp-317	272	15	discount	discount	NOUN
gp-317	272	16	rate	rate	NOUN
gp-317	272	17	in	in	ADP
gp-317	272	18	the	the	DET
gp-317	272	19	valuation	valuation	NOUN
gp-317	272	20	model	model	NOUN
gp-317	272	21	.	.	PUNCT
gp-317	273	1	however	however	ADV
gp-317	273	2	,	,	PUNCT
gp-317	273	3	because	because	SCONJ
gp-317	273	4	cash	cash	NOUN
gp-317	273	5	flow	flow	NOUN
gp-317	273	6	does	do	AUX
gp-317	273	7	not	not	PART
gp-317	273	8	rise	rise	VERB
gp-317	273	9	at	at	ADP
gp-317	273	10	the	the	DET
gp-317	273	11	same	same	ADJ
gp-317	273	12	rate	rate	NOUN
gp-317	273	13	as	as	ADP
gp-317	273	14	inflation	inflation	NOUN
gp-317	273	15	,	,	PUNCT
gp-317	273	16	the	the	DET
gp-317	273	17	increase	increase	NOUN
gp-317	273	18	in	in	ADP
gp-317	273	19	the	the	DET
gp-317	273	20	discount	discount	NOUN
gp-317	273	21	rate	rate	NOUN
gp-317	273	22	causes	cause	VERB
gp-317	273	23	the	the	DET
gp-317	273	24	stock	stock	NOUN
gp-317	273	25	price	price	NOUN
gp-317	273	26	to	to	PART
gp-317	273	27	be	be	AUX
gp-317	273	28	lower	low	ADJ
gp-317	273	29	.	.	PUNCT
gp-317	274	1	this	this	DET
gp-317	274	2	result	result	NOUN
gp-317	274	3	is	be	AUX
gp-317	274	4	also	also	ADV
gp-317	274	5	in	in	ADP
gp-317	274	6	line	line	NOUN
gp-317	274	7	with	with	ADP
gp-317	274	8	research	research	NOUN
gp-317	274	9	by	by	ADP
gp-317	274	10	tiarawati	tiarawati	PROPN
gp-317	274	11	&	&	CCONJ
gp-317	274	12	hertina	hertina	PROPN
gp-317	274	13	(	(	PUNCT
gp-317	274	14	2024	2024	NUM
gp-317	274	15	)	)	PUNCT
gp-317	274	16	which	which	PRON
gp-317	274	17	shows	show	VERB
gp-317	274	18	that	that	SCONJ
gp-317	274	19	inflation	inflation	NOUN
gp-317	274	20	has	have	VERB
gp-317	274	21	a	a	DET
gp-317	274	22	negative	negative	ADJ
gp-317	274	23	effect	effect	NOUN
gp-317	274	24	on	on	ADP
gp-317	274	25	stock	stock	NOUN
gp-317	274	26	returns	return	NOUN
gp-317	274	27	.	.	PUNCT
gp-317	275	1	high	high	ADJ
gp-317	275	2	inflation	inflation	NOUN
gp-317	275	3	is	be	AUX
gp-317	275	4	a	a	DET
gp-317	275	5	negative	negative	ADJ
gp-317	275	6	signal	signal	NOUN
gp-317	275	7	for	for	ADP
gp-317	275	8	companies	company	NOUN
gp-317	275	9	because	because	SCONJ
gp-317	275	10	the	the	DET
gp-317	275	11	price	price	NOUN
gp-317	275	12	of	of	ADP
gp-317	275	13	raw	raw	ADJ
gp-317	275	14	materials	material	NOUN
gp-317	275	15	has	have	AUX
gp-317	275	16	increased	increase	VERB
gp-317	275	17	.	.	PUNCT
gp-317	276	1	if	if	SCONJ
gp-317	276	2	raw	raw	ADJ
gp-317	276	3	materials	material	NOUN
gp-317	276	4	increase	increase	NOUN
gp-317	276	5	,	,	PUNCT
gp-317	276	6	production	production	NOUN
gp-317	276	7	costs	cost	NOUN
gp-317	276	8	will	will	AUX
gp-317	276	9	also	also	ADV
gp-317	276	10	increase	increase	VERB
gp-317	276	11	,	,	PUNCT
gp-317	276	12	followed	follow	VERB
gp-317	276	13	by	by	ADP
gp-317	276	14	an	an	DET
gp-317	276	15	increase	increase	NOUN
gp-317	276	16	in	in	ADP
gp-317	276	17	product	product	NOUN
gp-317	276	18	prices	price	NOUN
gp-317	276	19	.	.	PUNCT
gp-317	277	1	if	if	SCONJ
gp-317	277	2	the	the	DET
gp-317	277	3	price	price	NOUN
gp-317	277	4	of	of	ADP
gp-317	277	5	the	the	DET
gp-317	277	6	product	product	NOUN
gp-317	277	7	rises	rise	VERB
gp-317	277	8	,	,	PUNCT
gp-317	277	9	it	it	PRON
gp-317	277	10	will	will	AUX
gp-317	277	11	cause	cause	VERB
gp-317	277	12	the	the	DET
gp-317	277	13	sales	sale	NOUN
gp-317	277	14	rate	rate	NOUN
gp-317	277	15	in	in	ADP
gp-317	277	16	the	the	DET
gp-317	277	17	company	company	NOUN
gp-317	277	18	to	to	PART
gp-317	277	19	decrease	decrease	VERB
gp-317	277	20	followed	follow	VERB
gp-317	277	21	by	by	ADP
gp-317	277	22	a	a	DET
gp-317	277	23	decrease	decrease	NOUN
gp-317	277	24	in	in	ADP
gp-317	277	25	the	the	DET
gp-317	277	26	company	company	NOUN
gp-317	277	27	's	's	PART
gp-317	277	28	profit	profit	NOUN
gp-317	277	29	.	.	PUNCT
gp-317	278	1	if	if	SCONJ
gp-317	278	2	the	the	DET
gp-317	278	3	profit	profit	NOUN
gp-317	278	4	in	in	ADP
gp-317	278	5	the	the	DET
gp-317	278	6	company	company	NOUN
gp-317	278	7	decreases	decrease	VERB
gp-317	278	8	,	,	PUNCT
gp-317	278	9	the	the	DET
gp-317	278	10	stock	stock	NOUN
gp-317	278	11	price	price	NOUN
gp-317	278	12	will	will	AUX
gp-317	278	13	also	also	ADV
gp-317	278	14	decrease	decrease	VERB
gp-317	278	15	.	.	PUNCT
gp-317	279	1	the	the	DET
gp-317	279	2	decline	decline	NOUN
gp-317	279	3	in	in	ADP
gp-317	279	4	stock	stock	NOUN
gp-317	279	5	prices	price	NOUN
gp-317	279	6	has	have	AUX
gp-317	279	7	also	also	ADV
gp-317	279	8	reduced	reduce	VERB
gp-317	279	9	the	the	DET
gp-317	279	10	returns	return	NOUN
gp-317	279	11	obtained	obtain	VERB
gp-317	279	12	by	by	ADP
gp-317	279	13	shareholders	shareholder	NOUN
gp-317	279	14	.	.	PUNCT
gp-317	280	1	according	accord	VERB
gp-317	280	2	to	to	ADP
gp-317	280	3	the	the	DET
gp-317	280	4	arbitrage	arbitrage	NOUN
gp-317	280	5	pricing	pricing	NOUN
gp-317	280	6	theory	theory	NOUN
gp-317	280	7	(	(	PUNCT
gp-317	280	8	apt	apt	ADJ
gp-317	280	9	)	)	PUNCT
gp-317	280	10	theory	theory	NOUN
gp-317	280	11	in	in	ADP
gp-317	280	12	the	the	DET
gp-317	280	13	research	research	NOUN
gp-317	280	14	of	of	ADP
gp-317	280	15	daud	daud	PROPN
gp-317	280	16	&	&	CCONJ
gp-317	280	17	sihombing	sihombing	PROPN
gp-317	280	18	(	(	PUNCT
gp-317	280	19	2022	2022	NUM
gp-317	280	20	)	)	PUNCT
gp-317	280	21	,	,	PUNCT
gp-317	280	22	inflation	inflation	NOUN
gp-317	280	23	is	be	AUX
gp-317	280	24	a	a	DET
gp-317	280	25	gradual	gradual	ADJ
gp-317	280	26	increase	increase	NOUN
gp-317	280	27	in	in	ADP
gp-317	280	28	the	the	DET
gp-317	280	29	general	general	ADJ
gp-317	280	30	price	price	NOUN
gp-317	280	31	level	level	NOUN
gp-317	280	32	.	.	PUNCT
gp-317	281	1	increased	increase	VERB
gp-317	281	2	inflation	inflation	NOUN
gp-317	281	3	caused	cause	VERB
gp-317	281	4	by	by	ADP
gp-317	281	5	full	full	ADJ
gp-317	281	6	demand	demand	NOUN
gp-317	281	7	(	(	PUNCT
gp-317	281	8	demand	demand	NOUN
gp-317	281	9	)	)	PUNCT
gp-317	281	10	and	and	CCONJ
gp-317	281	11	cost	cost	NOUN
gp-317	281	12	push	push	NOUN
gp-317	281	13	(	(	PUNCT
gp-317	281	14	supply	supply	NOUN
gp-317	281	15	)	)	PUNCT
gp-317	281	16	will	will	AUX
gp-317	281	17	have	have	VERB
gp-317	281	18	an	an	DET
gp-317	281	19	impact	impact	NOUN
gp-317	281	20	on	on	ADP
gp-317	281	21	price	price	NOUN
gp-317	281	22	increases	increase	NOUN
gp-317	281	23	,	,	PUNCT
gp-317	281	24	and	and	CCONJ
gp-317	281	25	lowering	lower	VERB
gp-317	281	26	income	income	NOUN
gp-317	281	27	will	will	AUX
gp-317	281	28	also	also	ADV
gp-317	281	29	have	have	VERB
gp-317	281	30	an	an	DET
gp-317	281	31	impact	impact	NOUN
gp-317	281	32	on	on	ADP
gp-317	281	33	the	the	DET
gp-317	281	34	bad	bad	ADJ
gp-317	281	35	economy	economy	NOUN
gp-317	281	36	.	.	PUNCT
gp-317	282	1	for	for	ADP
gp-317	282	2	companies	company	NOUN
gp-317	282	3	,	,	PUNCT
gp-317	282	4	inflation	inflation	NOUN
gp-317	282	5	the	the	DET
gp-317	282	6	influence	influence	NOUN
gp-317	282	7	of	of	ADP
gp-317	282	8	monetary	monetary	ADJ
gp-317	282	9	policy	policy	NOUN
gp-317	282	10	,	,	PUNCT
gp-317	282	11	macroeconomic	macroeconomic	ADJ
gp-317	282	12	variables	variable	NOUN
gp-317	282	13	,	,	PUNCT
gp-317	282	14	global	global	ADJ
gp-317	282	15	markets	market	NOUN
gp-317	282	16	,	,	PUNCT
gp-317	282	17	and	and	CCONJ
gp-317	282	18	internal	internal	ADJ
gp-317	282	19	company	company	NOUN
gp-317	282	20	factors	factor	NOUN
gp-317	282	21	on	on	ADP
gp-317	282	22	stock	stock	NOUN
gp-317	282	23	returns	return	NOUN
gp-317	282	24	of	of	ADP
gp-317	282	25	lq45	lq45	PROPN
gp-317	282	26	companies	company	NOUN
gp-317	282	27	on	on	ADP
gp-317	282	28	the	the	DET
gp-317	282	29	indonesian	indonesian	ADJ
gp-317	282	30	stock	stock	PROPN
gp-317	282	31	exchange	exchange	PROPN
gp-317	282	32	1706	1706	NUM
gp-317	282	33	can	can	AUX
gp-317	282	34	reduce	reduce	VERB
gp-317	282	35	investor	investor	NOUN
gp-317	282	36	interest	interest	NOUN
gp-317	282	37	in	in	ADP
gp-317	282	38	the	the	DET
gp-317	282	39	capital	capital	NOUN
gp-317	282	40	market	market	NOUN
gp-317	282	41	which	which	PRON
gp-317	282	42	will	will	AUX
gp-317	282	43	affect	affect	VERB
gp-317	282	44	stock	stock	NOUN
gp-317	282	45	returns	return	NOUN
gp-317	282	46	and	and	CCONJ
gp-317	282	47	company	company	NOUN
gp-317	282	48	performance	performance	NOUN
gp-317	282	49	.	.	PUNCT
gp-317	283	1	inflation	inflation	NOUN
gp-317	283	2	can	can	AUX
gp-317	283	3	affect	affect	VERB
gp-317	283	4	the	the	DET
gp-317	283	5	economic	economic	ADJ
gp-317	283	6	condition	condition	NOUN
gp-317	283	7	of	of	ADP
gp-317	283	8	a	a	DET
gp-317	283	9	country	country	NOUN
gp-317	283	10	,	,	PUNCT
gp-317	283	11	as	as	SCONJ
gp-317	283	12	can	can	AUX
gp-317	283	13	activities	activity	NOUN
gp-317	283	14	in	in	ADP
gp-317	283	15	the	the	DET
gp-317	283	16	capital	capital	NOUN
gp-317	283	17	market	market	NOUN
gp-317	283	18	.	.	PUNCT
gp-317	284	1	high	high	ADJ
gp-317	284	2	inflation	inflation	NOUN
gp-317	284	3	can	can	AUX
gp-317	284	4	cause	cause	VERB
gp-317	284	5	the	the	DET
gp-317	284	6	cost	cost	NOUN
gp-317	284	7	of	of	ADP
gp-317	284	8	raw	raw	ADJ
gp-317	284	9	materials	material	NOUN
gp-317	284	10	to	to	PART
gp-317	284	11	increase	increase	VERB
gp-317	284	12	so	so	SCONJ
gp-317	284	13	that	that	SCONJ
gp-317	284	14	this	this	PRON
gp-317	284	15	will	will	AUX
gp-317	284	16	cause	cause	VERB
gp-317	284	17	the	the	DET
gp-317	284	18	price	price	NOUN
gp-317	284	19	to	to	PART
gp-317	284	20	increase	increase	VERB
gp-317	284	21	so	so	SCONJ
gp-317	284	22	that	that	SCONJ
gp-317	284	23	the	the	DET
gp-317	284	24	demand	demand	NOUN
gp-317	284	25	for	for	ADP
gp-317	284	26	a	a	DET
gp-317	284	27	product	product	NOUN
gp-317	284	28	decreases	decrease	VERB
gp-317	284	29	,	,	PUNCT
gp-317	284	30	if	if	SCONJ
gp-317	284	31	the	the	DET
gp-317	284	32	demand	demand	NOUN
gp-317	284	33	decreases	decrease	VERB
gp-317	284	34	,	,	PUNCT
gp-317	284	35	it	it	PRON
gp-317	284	36	will	will	AUX
gp-317	284	37	have	have	VERB
gp-317	284	38	an	an	DET
gp-317	284	39	impact	impact	NOUN
gp-317	284	40	on	on	ADP
gp-317	284	41	the	the	DET
gp-317	284	42	company	company	NOUN
gp-317	284	43	's	's	PART
gp-317	284	44	profit	profit	NOUN
gp-317	284	45	which	which	PRON
gp-317	284	46	will	will	AUX
gp-317	284	47	decrease	decrease	VERB
gp-317	284	48	.	.	PUNCT
gp-317	285	1	if	if	SCONJ
gp-317	285	2	the	the	DET
gp-317	285	3	company	company	NOUN
gp-317	285	4	's	's	PART
gp-317	285	5	profit	profit	NOUN
gp-317	285	6	falls	fall	VERB
gp-317	285	7	,	,	PUNCT
gp-317	285	8	it	it	PRON
gp-317	285	9	will	will	AUX
gp-317	285	10	make	make	VERB
gp-317	285	11	the	the	DET
gp-317	285	12	stock	stock	NOUN
gp-317	285	13	price	price	NOUN
gp-317	285	14	also	also	ADV
gp-317	285	15	decrease	decrease	VERB
gp-317	285	16	,	,	PUNCT
gp-317	285	17	as	as	ADV
gp-317	285	18	well	well	ADV
gp-317	285	19	as	as	ADP
gp-317	285	20	the	the	DET
gp-317	285	21	stock	stock	NOUN
gp-317	285	22	return	return	NOUN
gp-317	285	23	which	which	PRON
gp-317	285	24	also	also	ADV
gp-317	285	25	decreases	decrease	VERB
gp-317	285	26	.	.	PUNCT
gp-317	286	1	high	high	ADJ
gp-317	286	2	inflation	inflation	NOUN
gp-317	286	3	causes	cause	VERB
gp-317	286	4	the	the	DET
gp-317	286	5	price	price	NOUN
gp-317	286	6	of	of	ADP
gp-317	286	7	goods	good	NOUN
gp-317	286	8	to	to	PART
gp-317	286	9	be	be	AUX
gp-317	286	10	expensive	expensive	ADJ
gp-317	286	11	and	and	CCONJ
gp-317	286	12	consumer	consumer	NOUN
gp-317	286	13	purchasing	purchasing	NOUN
gp-317	286	14	power	power	NOUN
gp-317	286	15	for	for	ADP
gp-317	286	16	goods	good	NOUN
gp-317	286	17	will	will	AUX
gp-317	286	18	decrease	decrease	VERB
gp-317	286	19	,	,	PUNCT
gp-317	286	20	which	which	PRON
gp-317	286	21	will	will	AUX
gp-317	286	22	make	make	VERB
gp-317	286	23	the	the	DET
gp-317	286	24	company	company	NOUN
gp-317	286	25	's	's	PART
gp-317	286	26	profits	profit	NOUN
gp-317	286	27	decrease	decrease	NOUN
gp-317	286	28	which	which	PRON
gp-317	286	29	will	will	AUX
gp-317	286	30	later	later	ADV
gp-317	286	31	affect	affect	VERB
gp-317	286	32	stock	stock	NOUN
gp-317	286	33	returns	return	NOUN
gp-317	286	34	.	.	PUNCT
gp-317	287	1	this	this	PRON
gp-317	287	2	means	mean	VERB
gp-317	287	3	that	that	SCONJ
gp-317	287	4	inflation	inflation	NOUN
gp-317	287	5	has	have	VERB
gp-317	287	6	a	a	DET
gp-317	287	7	negative	negative	ADJ
gp-317	287	8	influence	influence	NOUN
gp-317	287	9	on	on	ADP
gp-317	287	10	stock	stock	NOUN
gp-317	287	11	returns	return	NOUN
gp-317	287	12	(	(	PUNCT
gp-317	287	13	zahra	zahra	NOUN
gp-317	287	14	et	et	PROPN
gp-317	287	15	al	al	PROPN
gp-317	287	16	.	.	PROPN
gp-317	287	17	2025	2025	NUM
gp-317	287	18	)	)	PUNCT
gp-317	287	19	.	.	PUNCT
gp-317	288	1	the	the	DET
gp-317	288	2	most	most	ADV
gp-317	288	3	important	important	ADJ
gp-317	288	4	aspect	aspect	NOUN
gp-317	288	5	of	of	ADP
gp-317	288	6	the	the	DET
gp-317	288	7	concept	concept	NOUN
gp-317	288	8	of	of	ADP
gp-317	288	9	inflation	inflation	NOUN
gp-317	288	10	to	to	PART
gp-317	288	11	keep	keep	VERB
gp-317	288	12	in	in	ADP
gp-317	288	13	mind	mind	NOUN
gp-317	288	14	is	be	AUX
gp-317	288	15	that	that	SCONJ
gp-317	288	16	prices	price	NOUN
gp-317	288	17	keep	keep	AUX
gp-317	288	18	rising	rise	VERB
gp-317	288	19	,	,	PUNCT
gp-317	288	20	price	price	NOUN
gp-317	288	21	increases	increase	NOUN
gp-317	288	22	that	that	PRON
gp-317	288	23	are	be	AUX
gp-317	288	24	only	only	ADV
gp-317	288	25	temporary	temporary	ADJ
gp-317	288	26	can	can	AUX
gp-317	288	27	not	not	PART
gp-317	288	28	be	be	AUX
gp-317	288	29	said	say	VERB
gp-317	288	30	to	to	PART
gp-317	288	31	be	be	AUX
gp-317	288	32	inflation	inflation	NOUN
gp-317	288	33	.	.	PUNCT
gp-317	289	1	inflation	inflation	NOUN
gp-317	289	2	also	also	ADV
gp-317	289	3	causes	cause	VERB
gp-317	289	4	a	a	DET
gp-317	289	5	decrease	decrease	NOUN
gp-317	289	6	in	in	ADP
gp-317	289	7	the	the	DET
gp-317	289	8	purchasing	purchase	VERB
gp-317	289	9	power	power	NOUN
gp-317	289	10	of	of	ADP
gp-317	289	11	money	money	NOUN
gp-317	289	12	.	.	PUNCT
gp-317	290	1	if	if	SCONJ
gp-317	290	2	purchasing	purchase	VERB
gp-317	290	3	power	power	NOUN
gp-317	290	4	decreases	decrease	NOUN
gp-317	290	5	,	,	PUNCT
gp-317	290	6	people	people	NOUN
gp-317	290	7	's	's	PART
gp-317	290	8	income	income	NOUN
gp-317	290	9	,	,	PUNCT
gp-317	290	10	including	include	VERB
gp-317	290	11	investors	investor	NOUN
gp-317	290	12	,	,	PUNCT
gp-317	290	13	will	will	AUX
gp-317	290	14	decrease	decrease	VERB
gp-317	290	15	,	,	PUNCT
gp-317	290	16	which	which	PRON
gp-317	290	17	will	will	AUX
gp-317	290	18	have	have	VERB
gp-317	290	19	an	an	DET
gp-317	290	20	impact	impact	NOUN
gp-317	290	21	on	on	ADP
gp-317	290	22	decreasing	decrease	VERB
gp-317	290	23	the	the	DET
gp-317	290	24	desire	desire	NOUN
gp-317	290	25	to	to	PART
gp-317	290	26	invest	invest	VERB
gp-317	290	27	in	in	ADP
gp-317	290	28	the	the	DET
gp-317	290	29	stock	stock	NOUN
gp-317	290	30	market	market	NOUN
gp-317	290	31	.	.	PUNCT
gp-317	291	1	this	this	PRON
gp-317	291	2	will	will	AUX
gp-317	291	3	result	result	VERB
gp-317	291	4	in	in	ADP
gp-317	291	5	a	a	DET
gp-317	291	6	decrease	decrease	NOUN
gp-317	291	7	in	in	ADP
gp-317	291	8	stock	stock	NOUN
gp-317	291	9	prices	price	NOUN
gp-317	291	10	,	,	PUNCT
gp-317	291	11	as	as	ADV
gp-317	291	12	well	well	ADV
gp-317	291	13	as	as	ADP
gp-317	291	14	a	a	DET
gp-317	291	15	decrease	decrease	NOUN
gp-317	291	16	in	in	ADP
gp-317	291	17	stock	stock	NOUN
gp-317	291	18	returns	return	NOUN
gp-317	291	19	.	.	PUNCT
gp-317	292	1	as	as	ADP
gp-317	292	2	a	a	DET
gp-317	292	3	result	result	NOUN
gp-317	292	4	,	,	PUNCT
gp-317	292	5	the	the	PRON
gp-317	292	6	higher	high	ADJ
gp-317	292	7	the	the	DET
gp-317	292	8	inflation	inflation	NOUN
gp-317	292	9	rate	rate	NOUN
gp-317	292	10	,	,	PUNCT
gp-317	292	11	the	the	PRON
gp-317	292	12	lower	low	ADJ
gp-317	292	13	the	the	DET
gp-317	292	14	return	return	NOUN
gp-317	292	15	on	on	ADP
gp-317	292	16	a	a	DET
gp-317	292	17	company	company	NOUN
gp-317	292	18	's	's	PART
gp-317	292	19	shares	share	NOUN
gp-317	292	20	(	(	PUNCT
gp-317	292	21	amalia	amalia	PROPN
gp-317	292	22	&	&	CCONJ
gp-317	292	23	mardiansah	mardiansah	PROPN
gp-317	292	24	,	,	PUNCT
gp-317	292	25	2021	2021	NUM
gp-317	292	26	)	)	PUNCT
gp-317	292	27	.	.	PUNCT
gp-317	293	1	from	from	ADP
gp-317	293	2	the	the	DET
gp-317	293	3	overall	overall	ADJ
gp-317	293	4	results	result	NOUN
gp-317	293	5	of	of	ADP
gp-317	293	6	gmm	gmm	NOUN
gp-317	293	7	estimation	estimation	NOUN
gp-317	293	8	in	in	ADP
gp-317	293	9	this	this	DET
gp-317	293	10	study	study	NOUN
gp-317	293	11	,	,	PUNCT
gp-317	293	12	it	it	PRON
gp-317	293	13	is	be	AUX
gp-317	293	14	proven	prove	VERB
gp-317	293	15	that	that	SCONJ
gp-317	293	16	inflation	inflation	NOUN
gp-317	293	17	has	have	VERB
gp-317	293	18	a	a	DET
gp-317	293	19	significant	significant	ADJ
gp-317	293	20	negative	negative	ADJ
gp-317	293	21	influence	influence	NOUN
gp-317	293	22	on	on	ADP
gp-317	293	23	stock	stock	NOUN
gp-317	293	24	returns	return	NOUN
gp-317	293	25	.	.	PUNCT
gp-317	294	1	this	this	PRON
gp-317	294	2	is	be	AUX
gp-317	294	3	in	in	ADP
gp-317	294	4	accordance	accordance	NOUN
gp-317	294	5	with	with	ADP
gp-317	294	6	the	the	DET
gp-317	294	7	hypothesis	hypothesis	NOUN
gp-317	294	8	proposed	propose	VERB
gp-317	294	9	and	and	CCONJ
gp-317	294	10	the	the	DET
gp-317	294	11	existing	exist	VERB
gp-317	294	12	theory	theory	NOUN
gp-317	294	13	,	,	PUNCT
gp-317	294	14	which	which	PRON
gp-317	294	15	refers	refer	VERB
gp-317	294	16	to	to	ADP
gp-317	294	17	the	the	DET
gp-317	294	18	conclusion	conclusion	NOUN
gp-317	294	19	that	that	SCONJ
gp-317	294	20	an	an	DET
gp-317	294	21	increase	increase	NOUN
gp-317	294	22	in	in	ADP
gp-317	294	23	inflation	inflation	NOUN
gp-317	294	24	,	,	PUNCT
gp-317	294	25	there	there	PRON
gp-317	294	26	will	will	AUX
gp-317	294	27	be	be	AUX
gp-317	294	28	a	a	DET
gp-317	294	29	decrease	decrease	NOUN
gp-317	294	30	in	in	ADP
gp-317	294	31	the	the	DET
gp-317	294	32	level	level	NOUN
gp-317	294	33	of	of	ADP
gp-317	294	34	stock	stock	NOUN
gp-317	294	35	return	return	NOUN
gp-317	294	36	.	.	PUNCT
gp-317	295	1	and	and	CCONJ
gp-317	295	2	vice	vice	ADV
gp-317	295	3	versa	versa	ADV
gp-317	295	4	,	,	PUNCT
gp-317	295	5	when	when	SCONJ
gp-317	295	6	conditions	condition	NOUN
gp-317	295	7	decrease	decrease	VERB
gp-317	295	8	in	in	ADP
gp-317	295	9	inflation	inflation	NOUN
gp-317	295	10	,	,	PUNCT
gp-317	295	11	it	it	PRON
gp-317	295	12	will	will	AUX
gp-317	295	13	increase	increase	VERB
gp-317	295	14	the	the	DET
gp-317	295	15	stock	stock	NOUN
gp-317	295	16	return	return	NOUN
gp-317	295	17	rate	rate	NOUN
gp-317	295	18	of	of	ADP
gp-317	295	19	lq45	lq45	PROPN
gp-317	295	20	companies	company	NOUN
gp-317	295	21	on	on	ADP
gp-317	295	22	the	the	DET
gp-317	295	23	indonesia	indonesia	PROPN
gp-317	295	24	stock	stock	PROPN
gp-317	295	25	exchange	exchange	PROPN
gp-317	295	26	.	.	PUNCT
gp-317	296	1	the	the	DET
gp-317	296	2	effect	effect	NOUN
gp-317	296	3	of	of	ADP
gp-317	296	4	exchange	exchange	NOUN
gp-317	296	5	rates	rate	NOUN
gp-317	296	6	on	on	ADP
gp-317	296	7	stock	stock	NOUN
gp-317	296	8	returns	return	NOUN
gp-317	296	9	based	base	VERB
gp-317	296	10	on	on	ADP
gp-317	296	11	the	the	DET
gp-317	296	12	results	result	NOUN
gp-317	296	13	of	of	ADP
gp-317	296	14	the	the	DET
gp-317	296	15	estimation	estimation	NOUN
gp-317	296	16	that	that	PRON
gp-317	296	17	has	have	AUX
gp-317	296	18	been	be	AUX
gp-317	296	19	carried	carry	VERB
gp-317	296	20	out	out	ADP
gp-317	296	21	,	,	PUNCT
gp-317	296	22	it	it	PRON
gp-317	296	23	is	be	AUX
gp-317	296	24	obtained	obtain	VERB
gp-317	296	25	that	that	SCONJ
gp-317	296	26	the	the	DET
gp-317	296	27	results	result	NOUN
gp-317	296	28	of	of	ADP
gp-317	296	29	the	the	DET
gp-317	296	30	gmm	gmm	PROPN
gp-317	296	31	estimation	estimation	NOUN
gp-317	296	32	test	test	NOUN
gp-317	296	33	for	for	ADP
gp-317	296	34	the	the	DET
gp-317	296	35	exchange	exchange	NOUN
gp-317	296	36	rate	rate	NOUN
gp-317	296	37	variable	variable	NOUN
gp-317	296	38	(	(	PUNCT
gp-317	296	39	exr	exr	PROPN
gp-317	296	40	)	)	PUNCT
gp-317	296	41	have	have	VERB
gp-317	296	42	a	a	DET
gp-317	296	43	negative	negative	ADJ
gp-317	296	44	and	and	CCONJ
gp-317	296	45	significant	significant	ADJ
gp-317	296	46	influence	influence	NOUN
gp-317	296	47	on	on	ADP
gp-317	296	48	stock	stock	NOUN
gp-317	296	49	return	return	NOUN
gp-317	296	50	(	(	PUNCT
gp-317	296	51	sr	sr	PROPN
gp-317	296	52	)	)	PUNCT
gp-317	296	53	.	.	PUNCT
gp-317	297	1	the	the	DET
gp-317	297	2	coefficient	coefficient	NOUN
gp-317	297	3	value	value	NOUN
gp-317	297	4	is	be	AUX
gp-317	297	5	-0.0000	-0.0000	ADJ
gp-317	297	6	to	to	ADP
gp-317	297	7	-0.0001	-0.0001	NOUN
gp-317	297	8	which	which	PRON
gp-317	297	9	means	mean	VERB
gp-317	297	10	that	that	SCONJ
gp-317	297	11	every	every	DET
gp-317	297	12	increase	increase	NOUN
gp-317	297	13	in	in	ADP
gp-317	297	14	exr	exr	NOUN
gp-317	297	15	by	by	ADP
gp-317	297	16	one	one	NUM
gp-317	297	17	percent	percent	NOUN
gp-317	297	18	,	,	PUNCT
gp-317	297	19	will	will	AUX
gp-317	297	20	cause	cause	VERB
gp-317	297	21	a	a	DET
gp-317	297	22	significant	significant	ADJ
gp-317	297	23	decrease	decrease	NOUN
gp-317	297	24	in	in	ADP
gp-317	297	25	stock	stock	NOUN
gp-317	297	26	return	return	NOUN
gp-317	297	27	by	by	ADP
gp-317	297	28	0.000	0.000	NUM
gp-317	297	29	to	to	PART
gp-317	297	30	0.0001	0.0001	NUM
gp-317	297	31	percentage	percentage	NOUN
gp-317	297	32	points	point	NOUN
gp-317	297	33	.	.	PUNCT
gp-317	298	1	the	the	DET
gp-317	298	2	results	result	NOUN
gp-317	298	3	of	of	ADP
gp-317	298	4	the	the	DET
gp-317	298	5	estimation	estimation	NOUN
gp-317	298	6	obtained	obtain	VERB
gp-317	298	7	in	in	ADP
gp-317	298	8	this	this	DET
gp-317	298	9	study	study	NOUN
gp-317	298	10	are	be	AUX
gp-317	298	11	in	in	ADP
gp-317	298	12	line	line	NOUN
gp-317	298	13	with	with	ADP
gp-317	298	14	the	the	DET
gp-317	298	15	results	result	NOUN
gp-317	298	16	of	of	ADP
gp-317	298	17	amalia	amalia	PROPN
gp-317	298	18	&	&	CCONJ
gp-317	298	19	mardiansah	mardiansah	PROPN
gp-317	298	20	(	(	PUNCT
gp-317	298	21	2021	2021	NUM
gp-317	298	22	)	)	PUNCT
gp-317	298	23	research	research	NOUN
gp-317	298	24	which	which	PRON
gp-317	298	25	shows	show	VERB
gp-317	298	26	that	that	SCONJ
gp-317	298	27	the	the	DET
gp-317	298	28	exchange	exchange	NOUN
gp-317	298	29	rate	rate	NOUN
gp-317	298	30	has	have	VERB
gp-317	298	31	a	a	DET
gp-317	298	32	negative	negative	ADJ
gp-317	298	33	effect	effect	NOUN
gp-317	298	34	on	on	ADP
gp-317	298	35	stock	stock	NOUN
gp-317	298	36	returns	return	NOUN
gp-317	298	37	.	.	PUNCT
gp-317	299	1	a	a	DET
gp-317	299	2	decrease	decrease	NOUN
gp-317	299	3	in	in	ADP
gp-317	299	4	the	the	DET
gp-317	299	5	exchange	exchange	NOUN
gp-317	299	6	rate	rate	NOUN
gp-317	299	7	will	will	AUX
gp-317	299	8	have	have	VERB
gp-317	299	9	a	a	DET
gp-317	299	10	negative	negative	ADJ
gp-317	299	11	effect	effect	NOUN
gp-317	299	12	on	on	ADP
gp-317	299	13	a	a	DET
gp-317	299	14	country	country	NOUN
gp-317	299	15	's	's	PART
gp-317	299	16	economy	economy	NOUN
gp-317	299	17	and	and	CCONJ
gp-317	299	18	the	the	DET
gp-317	299	19	country	country	NOUN
gp-317	299	20	's	's	PART
gp-317	299	21	capital	capital	NOUN
gp-317	299	22	market	market	NOUN
gp-317	299	23	.	.	PUNCT
gp-317	300	1	as	as	ADP
gp-317	300	2	a	a	DET
gp-317	300	3	result	result	NOUN
gp-317	300	4	,	,	PUNCT
gp-317	300	5	when	when	SCONJ
gp-317	300	6	the	the	DET
gp-317	300	7	rupiah	rupiah	PROPN
gp-317	300	8	exchange	exchange	PROPN
gp-317	300	9	rate	rate	NOUN
gp-317	300	10	falls	fall	VERB
gp-317	300	11	,	,	PUNCT
gp-317	300	12	the	the	DET
gp-317	300	13	stock	stock	NOUN
gp-317	300	14	price	price	NOUN
gp-317	300	15	falls	fall	NOUN
gp-317	300	16	,	,	PUNCT
gp-317	300	17	which	which	PRON
gp-317	300	18	is	be	AUX
gp-317	300	19	followed	follow	VERB
gp-317	300	20	by	by	ADP
gp-317	300	21	a	a	DET
gp-317	300	22	decrease	decrease	NOUN
gp-317	300	23	in	in	ADP
gp-317	300	24	stock	stock	NOUN
gp-317	300	25	returns	return	NOUN
gp-317	300	26	.	.	PUNCT
gp-317	301	1	this	this	DET
gp-317	301	2	result	result	NOUN
gp-317	301	3	is	be	AUX
gp-317	301	4	in	in	ADP
gp-317	301	5	line	line	NOUN
gp-317	301	6	with	with	ADP
gp-317	301	7	the	the	DET
gp-317	301	8	research	research	NOUN
gp-317	301	9	of	of	ADP
gp-317	301	10	ratih	ratih	PROPN
gp-317	301	11	&	&	CCONJ
gp-317	301	12	candradewi	candradewi	PROPN
gp-317	301	13	(	(	PUNCT
gp-317	301	14	2020	2020	NUM
gp-317	301	15	)	)	PUNCT
gp-317	301	16	showing	show	VERB
gp-317	301	17	that	that	SCONJ
gp-317	301	18	the	the	DET
gp-317	301	19	exchange	exchange	NOUN
gp-317	301	20	rate	rate	NOUN
gp-317	301	21	of	of	ADP
gp-317	301	22	the	the	DET
gp-317	301	23	rupiah	rupiah	NOUN
gp-317	301	24	against	against	ADP
gp-317	301	25	the	the	DET
gp-317	301	26	us	us	PROPN
gp-317	301	27	$	$	SYM
gp-317	301	28	has	have	VERB
gp-317	301	29	a	a	DET
gp-317	301	30	negative	negative	ADJ
gp-317	301	31	and	and	CCONJ
gp-317	301	32	significant	significant	ADJ
gp-317	301	33	effect	effect	NOUN
gp-317	301	34	on	on	ADP
gp-317	301	35	stock	stock	NOUN
gp-317	301	36	returns	return	NOUN
gp-317	301	37	.	.	PUNCT
gp-317	302	1	a	a	DET
gp-317	302	2	sharp	sharp	ADJ
gp-317	302	3	increase	increase	NOUN
gp-317	302	4	in	in	ADP
gp-317	302	5	the	the	DET
gp-317	302	6	exchange	exchange	NOUN
gp-317	302	7	rate	rate	NOUN
gp-317	302	8	of	of	ADP
gp-317	302	9	the	the	DET
gp-317	302	10	us	us	PROPN
gp-317	302	11	dollar	dollar	NOUN
gp-317	302	12	against	against	ADP
gp-317	302	13	the	the	DET
gp-317	302	14	rupiah	rupiah	NOUN
gp-317	302	15	will	will	AUX
gp-317	302	16	have	have	VERB
gp-317	302	17	a	a	DET
gp-317	302	18	negative	negative	ADJ
gp-317	302	19	impact	impact	NOUN
gp-317	302	20	on	on	ADP
gp-317	302	21	issuers	issuer	NOUN
gp-317	302	22	who	who	PRON
gp-317	302	23	have	have	VERB
gp-317	302	24	debt	debt	NOUN
gp-317	302	25	in	in	ADP
gp-317	302	26	dollars	dollar	NOUN
gp-317	302	27	while	while	SCONJ
gp-317	302	28	the	the	DET
gp-317	302	29	issuer	issuer	NOUN
gp-317	302	30	's	's	PART
gp-317	302	31	products	product	NOUN
gp-317	302	32	are	be	AUX
gp-317	302	33	sold	sell	VERB
gp-317	302	34	locally	locally	ADV
gp-317	302	35	.	.	PUNCT
gp-317	303	1	therefore	therefore	ADV
gp-317	303	2	,	,	PUNCT
gp-317	303	3	empirical	empirical	ADJ
gp-317	303	4	evidence	evidence	NOUN
gp-317	303	5	states	state	VERB
gp-317	303	6	that	that	SCONJ
gp-317	303	7	the	the	DET
gp-317	303	8	idr	idr	PROPN
gp-317	303	9	/	/	SYM
gp-317	303	10	usd	usd	NOUN
gp-317	303	11	exchange	exchange	NOUN
gp-317	303	12	rate	rate	NOUN
gp-317	303	13	has	have	VERB
gp-317	303	14	a	a	DET
gp-317	303	15	negative	negative	ADJ
gp-317	303	16	effect	effect	NOUN
gp-317	303	17	on	on	ADP
gp-317	303	18	stock	stock	NOUN
gp-317	303	19	returns	return	NOUN
gp-317	303	20	.	.	PUNCT
gp-317	304	1	this	this	DET
gp-317	304	2	result	result	NOUN
gp-317	304	3	is	be	AUX
gp-317	304	4	in	in	ADP
gp-317	304	5	line	line	NOUN
gp-317	304	6	with	with	ADP
gp-317	304	7	research	research	NOUN
gp-317	304	8	by	by	ADP
gp-317	304	9	daud	daud	PROPN
gp-317	304	10	&	&	CCONJ
gp-317	304	11	sihombing	sihombing	PROPN
gp-317	304	12	(	(	PUNCT
gp-317	304	13	2022	2022	NUM
gp-317	304	14	)	)	PUNCT
gp-317	304	15	which	which	PRON
gp-317	304	16	shows	show	VERB
gp-317	304	17	that	that	SCONJ
gp-317	304	18	the	the	DET
gp-317	304	19	exchange	exchange	NOUN
gp-317	304	20	rate	rate	NOUN
gp-317	304	21	has	have	VERB
gp-317	304	22	a	a	DET
gp-317	304	23	negative	negative	ADJ
gp-317	304	24	effect	effect	NOUN
gp-317	304	25	on	on	ADP
gp-317	304	26	stock	stock	NOUN
gp-317	304	27	returns	return	NOUN
gp-317	304	28	.	.	PUNCT
gp-317	305	1	the	the	DET
gp-317	305	2	exchange	exchange	NOUN
gp-317	305	3	rate	rate	NOUN
gp-317	305	4	has	have	VERB
gp-317	305	5	a	a	DET
gp-317	305	6	negative	negative	ADJ
gp-317	305	7	effect	effect	NOUN
gp-317	305	8	on	on	ADP
gp-317	305	9	stock	stock	NOUN
gp-317	305	10	returns	return	NOUN
gp-317	305	11	,	,	PUNCT
gp-317	305	12	which	which	PRON
gp-317	305	13	means	mean	VERB
gp-317	305	14	that	that	SCONJ
gp-317	305	15	if	if	SCONJ
gp-317	305	16	the	the	DET
gp-317	305	17	exchange	exchange	NOUN
gp-317	305	18	rate	rate	NOUN
gp-317	305	19	rises	rise	NOUN
gp-317	305	20	,	,	PUNCT
gp-317	305	21	the	the	DET
gp-317	305	22	stock	stock	NOUN
gp-317	305	23	return	return	NOUN
gp-317	305	24	decreases	decrease	VERB
gp-317	305	25	,	,	PUNCT
gp-317	305	26	and	and	CCONJ
gp-317	305	27	vice	vice	ADV
gp-317	305	28	versa	versa	ADV
gp-317	305	29	,	,	PUNCT
gp-317	305	30	if	if	SCONJ
gp-317	305	31	the	the	DET
gp-317	305	32	exchange	exchange	NOUN
gp-317	305	33	rate	rate	NOUN
gp-317	305	34	decreases	decrease	VERB
gp-317	305	35	,	,	PUNCT
gp-317	305	36	the	the	DET
gp-317	305	37	stock	stock	NOUN
gp-317	305	38	return	return	NOUN
gp-317	305	39	will	will	AUX
gp-317	305	40	increase	increase	VERB
gp-317	305	41	.	.	PUNCT
gp-317	306	1	this	this	PRON
gp-317	306	2	is	be	AUX
gp-317	306	3	because	because	SCONJ
gp-317	306	4	when	when	SCONJ
gp-317	306	5	the	the	DET
gp-317	306	6	value	value	NOUN
gp-317	306	7	of	of	ADP
gp-317	306	8	us$	us$	DET
gp-317	306	9	increases	increase	NOUN
gp-317	306	10	,	,	PUNCT
gp-317	306	11	investors	investor	NOUN
gp-317	306	12	flock	flock	VERB
gp-317	306	13	to	to	PART
gp-317	306	14	invest	invest	VERB
gp-317	306	15	in	in	ADP
gp-317	306	16	us$	us$	SYM
gp-317	306	17	instead	instead	ADV
gp-317	306	18	of	of	ADP
gp-317	306	19	investing	invest	VERB
gp-317	306	20	in	in	ADP
gp-317	306	21	long	long	ADJ
gp-317	306	22	-	-	PUNCT
gp-317	306	23	term	term	NOUN
gp-317	306	24	securities	security	NOUN
gp-317	306	25	,	,	PUNCT
gp-317	306	26	so	so	SCONJ
gp-317	306	27	this	this	PRON
gp-317	306	28	will	will	AUX
gp-317	306	29	make	make	VERB
gp-317	306	30	trading	trading	NOUN
gp-317	306	31	weaker	weak	ADJ
gp-317	306	32	which	which	PRON
gp-317	306	33	will	will	AUX
gp-317	306	34	make	make	VERB
gp-317	306	35	investors	investor	NOUN
gp-317	306	36	release	release	VERB
gp-317	306	37	their	their	PRON
gp-317	306	38	shares	share	NOUN
gp-317	306	39	so	so	SCONJ
gp-317	306	40	that	that	SCONJ
gp-317	306	41	it	it	PRON
gp-317	306	42	will	will	AUX
gp-317	306	43	affect	affect	VERB
gp-317	306	44	the	the	DET
gp-317	306	45	return	return	NOUN
gp-317	306	46	of	of	ADP
gp-317	306	47	stocks	stock	NOUN
gp-317	306	48	that	that	PRON
gp-317	306	49	will	will	AUX
gp-317	306	50	decrease	decrease	VERB
gp-317	306	51	.	.	PUNCT
gp-317	307	1	the	the	DET
gp-317	307	2	exchange	exchange	NOUN
gp-317	307	3	rate	rate	NOUN
gp-317	307	4	also	also	ADV
gp-317	307	5	needs	need	VERB
gp-317	307	6	to	to	PART
gp-317	307	7	be	be	AUX
gp-317	307	8	considered	consider	VERB
gp-317	307	9	because	because	SCONJ
gp-317	307	10	the	the	DET
gp-317	307	11	weakening	weakening	NOUN
gp-317	307	12	of	of	ADP
gp-317	307	13	the	the	DET
gp-317	307	14	rupiah	rupiah	PROPN
gp-317	307	15	exchange	exchange	NOUN
gp-317	307	16	rate	rate	NOUN
gp-317	307	17	due	due	ADP
gp-317	307	18	to	to	ADP
gp-317	307	19	government	government	NOUN
gp-317	307	20	policies	policy	NOUN
gp-317	307	21	will	will	AUX
gp-317	307	22	the	the	DET
gp-317	307	23	influence	influence	NOUN
gp-317	307	24	of	of	ADP
gp-317	307	25	monetary	monetary	ADJ
gp-317	307	26	policy	policy	NOUN
gp-317	307	27	,	,	PUNCT
gp-317	307	28	macroeconomic	macroeconomic	ADJ
gp-317	307	29	variables	variable	NOUN
gp-317	307	30	,	,	PUNCT
gp-317	307	31	global	global	ADJ
gp-317	307	32	markets	market	NOUN
gp-317	307	33	,	,	PUNCT
gp-317	307	34	and	and	CCONJ
gp-317	307	35	internal	internal	ADJ
gp-317	307	36	company	company	NOUN
gp-317	307	37	factors	factor	NOUN
gp-317	307	38	on	on	ADP
gp-317	307	39	stock	stock	NOUN
gp-317	307	40	returns	return	NOUN
gp-317	307	41	of	of	ADP
gp-317	307	42	lq45	lq45	PROPN
gp-317	307	43	companies	company	NOUN
gp-317	307	44	on	on	ADP
gp-317	307	45	the	the	DET
gp-317	307	46	indonesian	indonesian	ADJ
gp-317	307	47	stock	stock	PROPN
gp-317	307	48	exchange	exchange	PROPN
gp-317	307	49	1707	1707	NUM
gp-317	307	50	encourage	encourage	NOUN
gp-317	307	51	purchasing	purchasing	NOUN
gp-317	307	52	power	power	NOUN
gp-317	307	53	to	to	ADP
gp-317	307	54	the	the	DET
gp-317	307	55	demand	demand	NOUN
gp-317	307	56	for	for	ADP
gp-317	307	57	a	a	DET
gp-317	307	58	domestically	domestically	ADV
gp-317	307	59	produced	produce	VERB
gp-317	307	60	goods	good	NOUN
gp-317	307	61	,	,	PUNCT
gp-317	307	62	so	so	SCONJ
gp-317	307	63	that	that	SCONJ
gp-317	307	64	it	it	PRON
gp-317	307	65	will	will	AUX
gp-317	307	66	provide	provide	VERB
gp-317	307	67	benefits	benefit	NOUN
gp-317	307	68	for	for	ADP
gp-317	307	69	companies	company	NOUN
gp-317	307	70	which	which	PRON
gp-317	307	71	will	will	AUX
gp-317	307	72	have	have	VERB
gp-317	307	73	an	an	DET
gp-317	307	74	impact	impact	NOUN
gp-317	307	75	on	on	ADP
gp-317	307	76	the	the	DET
gp-317	307	77	returns	return	NOUN
gp-317	307	78	that	that	PRON
gp-317	307	79	will	will	AUX
gp-317	307	80	be	be	AUX
gp-317	307	81	obtained	obtain	VERB
gp-317	307	82	by	by	ADP
gp-317	307	83	investors	investor	NOUN
gp-317	307	84	.	.	PUNCT
gp-317	308	1	this	this	PRON
gp-317	308	2	means	mean	VERB
gp-317	308	3	that	that	SCONJ
gp-317	308	4	in	in	ADP
gp-317	308	5	this	this	DET
gp-317	308	6	case	case	NOUN
gp-317	308	7	the	the	DET
gp-317	308	8	exchange	exchange	NOUN
gp-317	308	9	rate	rate	NOUN
gp-317	308	10	has	have	VERB
gp-317	308	11	a	a	DET
gp-317	308	12	negative	negative	ADJ
gp-317	308	13	effect	effect	NOUN
gp-317	308	14	on	on	ADP
gp-317	308	15	stock	stock	NOUN
gp-317	308	16	returns	return	NOUN
gp-317	308	17	.	.	PUNCT
gp-317	309	1	in	in	ADP
gp-317	309	2	the	the	DET
gp-317	309	3	arbitrage	arbitrage	NOUN
gp-317	309	4	pricing	pricing	NOUN
gp-317	309	5	theory	theory	NOUN
gp-317	309	6	(	(	PUNCT
gp-317	309	7	apt	apt	ADJ
gp-317	309	8	)	)	PUNCT
gp-317	309	9	theory	theory	NOUN
gp-317	309	10	according	accord	VERB
gp-317	309	11	to	to	ADP
gp-317	309	12	the	the	DET
gp-317	309	13	research	research	NOUN
gp-317	309	14	of	of	ADP
gp-317	309	15	daud	daud	PROPN
gp-317	309	16	&	&	CCONJ
gp-317	309	17	sihombing	sihombing	PROPN
gp-317	309	18	(	(	PUNCT
gp-317	309	19	2022	2022	NUM
gp-317	309	20	)	)	PUNCT
gp-317	309	21	,	,	PUNCT
gp-317	309	22	the	the	DET
gp-317	309	23	exchange	exchange	NOUN
gp-317	309	24	rate	rate	NOUN
gp-317	309	25	is	be	AUX
gp-317	309	26	said	say	VERB
gp-317	309	27	to	to	PART
gp-317	309	28	be	be	AUX
gp-317	309	29	one	one	NUM
gp-317	309	30	of	of	ADP
gp-317	309	31	the	the	DET
gp-317	309	32	systematic	systematic	ADJ
gp-317	309	33	risks	risk	NOUN
gp-317	309	34	.	.	PUNCT
gp-317	310	1	systematic	systematic	ADJ
gp-317	310	2	risk	risk	NOUN
gp-317	310	3	makes	make	VERB
gp-317	310	4	exchange	exchange	NOUN
gp-317	310	5	rates	rate	NOUN
gp-317	310	6	change	change	VERB
gp-317	310	7	that	that	PRON
gp-317	310	8	can	can	AUX
gp-317	310	9	affect	affect	VERB
gp-317	310	10	the	the	DET
gp-317	310	11	competitiveness	competitiveness	NOUN
gp-317	310	12	of	of	ADP
gp-317	310	13	export	export	NOUN
gp-317	310	14	-	-	PUNCT
gp-317	310	15	import	import	NOUN
gp-317	310	16	prices	price	NOUN
gp-317	310	17	and	and	CCONJ
gp-317	310	18	have	have	VERB
gp-317	310	19	an	an	DET
gp-317	310	20	impact	impact	NOUN
gp-317	310	21	on	on	ADP
gp-317	310	22	foreign	foreign	ADJ
gp-317	310	23	investors	investor	NOUN
gp-317	310	24	who	who	PRON
gp-317	310	25	invest	invest	VERB
gp-317	310	26	in	in	ADP
gp-317	310	27	the	the	DET
gp-317	310	28	local	local	ADJ
gp-317	310	29	market	market	NOUN
gp-317	310	30	.	.	PUNCT
gp-317	311	1	if	if	SCONJ
gp-317	311	2	the	the	DET
gp-317	311	3	product	product	NOUN
gp-317	311	4	is	be	AUX
gp-317	311	5	cheaper	cheap	ADJ
gp-317	311	6	in	in	ADP
gp-317	311	7	the	the	DET
gp-317	311	8	international	international	ADJ
gp-317	311	9	market	market	NOUN
gp-317	311	10	,	,	PUNCT
gp-317	311	11	it	it	PRON
gp-317	311	12	makes	make	VERB
gp-317	311	13	the	the	DET
gp-317	311	14	company	company	NOUN
gp-317	311	15	's	's	PART
gp-317	311	16	profit	profit	NOUN
gp-317	311	17	increase	increase	NOUN
gp-317	311	18	so	so	SCONJ
gp-317	311	19	that	that	SCONJ
gp-317	311	20	the	the	DET
gp-317	311	21	stock	stock	NOUN
gp-317	311	22	return	return	NOUN
gp-317	311	23	rises	rise	NOUN
gp-317	311	24	,	,	PUNCT
gp-317	311	25	this	this	PRON
gp-317	311	26	has	have	VERB
gp-317	311	27	a	a	DET
gp-317	311	28	positive	positive	ADJ
gp-317	311	29	impact	impact	NOUN
gp-317	311	30	on	on	ADP
gp-317	311	31	exporters	exporter	NOUN
gp-317	311	32	.	.	PUNCT
gp-317	312	1	however	however	ADV
gp-317	312	2	,	,	PUNCT
gp-317	312	3	it	it	PRON
gp-317	312	4	will	will	AUX
gp-317	312	5	have	have	VERB
gp-317	312	6	a	a	DET
gp-317	312	7	negative	negative	ADJ
gp-317	312	8	impact	impact	NOUN
gp-317	312	9	on	on	ADP
gp-317	312	10	importers	importer	NOUN
gp-317	312	11	if	if	SCONJ
gp-317	312	12	import	import	NOUN
gp-317	312	13	costs	cost	NOUN
gp-317	312	14	increase	increase	VERB
gp-317	312	15	so	so	SCONJ
gp-317	312	16	that	that	SCONJ
gp-317	312	17	the	the	DET
gp-317	312	18	company	company	NOUN
gp-317	312	19	's	's	PART
gp-317	312	20	profits	profit	NOUN
gp-317	312	21	fall	fall	VERB
gp-317	312	22	and	and	CCONJ
gp-317	312	23	result	result	VERB
gp-317	312	24	in	in	ADP
gp-317	312	25	stock	stock	NOUN
gp-317	312	26	returns	return	NOUN
gp-317	312	27	will	will	AUX
gp-317	312	28	fall	fall	VERB
gp-317	312	29	.	.	PUNCT
gp-317	313	1	the	the	DET
gp-317	313	2	relationship	relationship	NOUN
gp-317	313	3	between	between	ADP
gp-317	313	4	signalling	signal	VERB
gp-317	313	5	theory	theory	NOUN
gp-317	313	6	and	and	CCONJ
gp-317	313	7	exchange	exchange	NOUN
gp-317	313	8	rates	rate	NOUN
gp-317	313	9	in	in	ADP
gp-317	313	10	a	a	DET
gp-317	313	11	study	study	NOUN
gp-317	313	12	conducted	conduct	VERB
gp-317	313	13	by	by	ADP
gp-317	313	14	wicaksana	wicaksana	PROPN
gp-317	313	15	(	(	PUNCT
gp-317	313	16	2019	2019	NUM
gp-317	313	17	)	)	PUNCT
gp-317	313	18	that	that	SCONJ
gp-317	313	19	the	the	DET
gp-317	313	20	depreciation	depreciation	NOUN
gp-317	313	21	of	of	ADP
gp-317	313	22	the	the	DET
gp-317	313	23	rupiah	rupiah	PROPN
gp-317	313	24	exchange	exchange	NOUN
gp-317	313	25	rate	rate	NOUN
gp-317	313	26	against	against	ADP
gp-317	313	27	the	the	DET
gp-317	313	28	us	us	PROPN
gp-317	313	29	$	$	SYM
gp-317	313	30	gives	give	VERB
gp-317	313	31	a	a	DET
gp-317	313	32	negative	negative	ADJ
gp-317	313	33	signal	signal	NOUN
gp-317	313	34	to	to	ADP
gp-317	313	35	investors	investor	NOUN
gp-317	313	36	because	because	SCONJ
gp-317	313	37	they	they	PRON
gp-317	313	38	think	think	VERB
gp-317	313	39	that	that	SCONJ
gp-317	313	40	investing	invest	VERB
gp-317	313	41	in	in	ADP
gp-317	313	42	forex	forex	ADJ
gp-317	313	43	will	will	AUX
gp-317	313	44	provide	provide	VERB
gp-317	313	45	greater	great	ADJ
gp-317	313	46	returns	return	NOUN
gp-317	313	47	than	than	ADP
gp-317	313	48	in	in	ADP
gp-317	313	49	stocks	stock	NOUN
gp-317	313	50	.	.	PUNCT
gp-317	314	1	the	the	DET
gp-317	314	2	form	form	NOUN
gp-317	314	3	of	of	ADP
gp-317	314	4	exchange	exchange	NOUN
gp-317	314	5	rate	rate	NOUN
gp-317	314	6	itself	itself	PRON
gp-317	314	7	is	be	AUX
gp-317	314	8	the	the	DET
gp-317	314	9	value	value	NOUN
gp-317	314	10	of	of	ADP
gp-317	314	11	a	a	DET
gp-317	314	12	country	country	NOUN
gp-317	314	13	's	's	PART
gp-317	314	14	currency	currency	NOUN
gp-317	314	15	that	that	PRON
gp-317	314	16	can	can	AUX
gp-317	314	17	be	be	AUX
gp-317	314	18	exchanged	exchange	VERB
gp-317	314	19	for	for	ADP
gp-317	314	20	the	the	DET
gp-317	314	21	currency	currency	NOUN
gp-317	314	22	of	of	ADP
gp-317	314	23	another	another	DET
gp-317	314	24	country	country	NOUN
gp-317	314	25	.	.	PUNCT
gp-317	315	1	this	this	DET
gp-317	315	2	currency	currency	NOUN
gp-317	315	3	exchange	exchange	NOUN
gp-317	315	4	is	be	AUX
gp-317	315	5	known	know	VERB
gp-317	315	6	as	as	ADP
gp-317	315	7	a	a	DET
gp-317	315	8	forex	forex	ADJ
gp-317	315	9	transaction	transaction	NOUN
gp-317	315	10	.	.	PUNCT
gp-317	316	1	if	if	SCONJ
gp-317	316	2	the	the	DET
gp-317	316	3	foreign	foreign	ADJ
gp-317	316	4	currency	currency	NOUN
gp-317	316	5	exchange	exchange	NOUN
gp-317	316	6	rate	rate	NOUN
gp-317	316	7	rises	rise	NOUN
gp-317	316	8	,	,	PUNCT
gp-317	316	9	then	then	ADV
gp-317	316	10	the	the	DET
gp-317	316	11	value	value	NOUN
gp-317	316	12	of	of	ADP
gp-317	316	13	the	the	DET
gp-317	316	14	domestic	domestic	ADJ
gp-317	316	15	currency	currency	NOUN
gp-317	316	16	will	will	AUX
gp-317	316	17	definitely	definitely	ADV
gp-317	316	18	decrease	decrease	VERB
gp-317	316	19	(	(	PUNCT
gp-317	316	20	depreciate	depreciate	NOUN
gp-317	316	21	)	)	PUNCT
gp-317	316	22	so	so	SCONJ
gp-317	316	23	that	that	SCONJ
gp-317	316	24	the	the	DET
gp-317	316	25	price	price	NOUN
gp-317	316	26	of	of	ADP
gp-317	316	27	raw	raw	ADJ
gp-317	316	28	materials	material	NOUN
gp-317	316	29	and	and	CCONJ
gp-317	316	30	imported	import	VERB
gp-317	316	31	goods	good	NOUN
gp-317	316	32	will	will	AUX
gp-317	316	33	rise	rise	VERB
gp-317	316	34	,	,	PUNCT
gp-317	316	35	which	which	PRON
gp-317	316	36	causes	cause	VERB
gp-317	316	37	higher	high	ADJ
gp-317	316	38	production	production	NOUN
gp-317	316	39	costs	cost	NOUN
gp-317	316	40	,	,	PUNCT
gp-317	316	41	and	and	CCONJ
gp-317	316	42	the	the	DET
gp-317	316	43	company	company	NOUN
gp-317	316	44	's	's	PART
gp-317	316	45	profits	profit	NOUN
gp-317	316	46	will	will	AUX
gp-317	316	47	decrease	decrease	VERB
gp-317	316	48	.	.	PUNCT
gp-317	317	1	the	the	DET
gp-317	317	2	decline	decline	NOUN
gp-317	317	3	in	in	ADP
gp-317	317	4	the	the	DET
gp-317	317	5	company	company	NOUN
gp-317	317	6	's	's	PART
gp-317	317	7	profit	profit	NOUN
gp-317	317	8	caused	cause	VERB
gp-317	317	9	the	the	DET
gp-317	317	10	company	company	NOUN
gp-317	317	11	's	's	PART
gp-317	317	12	share	share	NOUN
gp-317	317	13	price	price	NOUN
gp-317	317	14	to	to	PART
gp-317	317	15	fall	fall	VERB
gp-317	317	16	.	.	PUNCT
gp-317	318	1	this	this	PRON
gp-317	318	2	indicates	indicate	VERB
gp-317	318	3	that	that	SCONJ
gp-317	318	4	an	an	DET
gp-317	318	5	increase	increase	NOUN
gp-317	318	6	in	in	ADP
gp-317	318	7	foreign	foreign	ADJ
gp-317	318	8	currency	currency	NOUN
gp-317	318	9	exchange	exchange	NOUN
gp-317	318	10	rates	rate	NOUN
gp-317	318	11	will	will	AUX
gp-317	318	12	reduce	reduce	VERB
gp-317	318	13	the	the	DET
gp-317	318	14	company	company	NOUN
gp-317	318	15	's	's	PART
gp-317	318	16	stock	stock	NOUN
gp-317	318	17	returns	return	NOUN
gp-317	318	18	.	.	PUNCT
gp-317	319	1	from	from	ADP
gp-317	319	2	the	the	DET
gp-317	319	3	overall	overall	ADJ
gp-317	319	4	results	result	NOUN
gp-317	319	5	of	of	ADP
gp-317	319	6	gmm	gmm	NOUN
gp-317	319	7	estimation	estimation	NOUN
gp-317	319	8	in	in	ADP
gp-317	319	9	this	this	DET
gp-317	319	10	study	study	NOUN
gp-317	319	11	,	,	PUNCT
gp-317	319	12	it	it	PRON
gp-317	319	13	is	be	AUX
gp-317	319	14	proven	prove	VERB
gp-317	319	15	that	that	SCONJ
gp-317	319	16	the	the	DET
gp-317	319	17	exchange	exchange	NOUN
gp-317	319	18	rate	rate	NOUN
gp-317	319	19	has	have	VERB
gp-317	319	20	a	a	DET
gp-317	319	21	negative	negative	ADJ
gp-317	319	22	and	and	CCONJ
gp-317	319	23	significant	significant	ADJ
gp-317	319	24	influence	influence	NOUN
gp-317	319	25	on	on	ADP
gp-317	319	26	stock	stock	NOUN
gp-317	319	27	returns	return	NOUN
gp-317	319	28	.	.	PUNCT
gp-317	320	1	this	this	PRON
gp-317	320	2	is	be	AUX
gp-317	320	3	in	in	ADP
gp-317	320	4	accordance	accordance	NOUN
gp-317	320	5	with	with	ADP
gp-317	320	6	the	the	DET
gp-317	320	7	hypothesis	hypothesis	NOUN
gp-317	320	8	proposed	propose	VERB
gp-317	320	9	and	and	CCONJ
gp-317	320	10	the	the	DET
gp-317	320	11	existing	exist	VERB
gp-317	320	12	theory	theory	NOUN
gp-317	320	13	,	,	PUNCT
gp-317	320	14	which	which	PRON
gp-317	320	15	refers	refer	VERB
gp-317	320	16	to	to	ADP
gp-317	320	17	the	the	DET
gp-317	320	18	conclusion	conclusion	NOUN
gp-317	320	19	that	that	SCONJ
gp-317	320	20	an	an	DET
gp-317	320	21	increase	increase	NOUN
gp-317	320	22	in	in	ADP
gp-317	320	23	the	the	DET
gp-317	320	24	exchange	exchange	NOUN
gp-317	320	25	rate	rate	NOUN
gp-317	320	26	will	will	AUX
gp-317	320	27	result	result	VERB
gp-317	320	28	in	in	ADP
gp-317	320	29	a	a	DET
gp-317	320	30	decrease	decrease	NOUN
gp-317	320	31	in	in	ADP
gp-317	320	32	the	the	DET
gp-317	320	33	level	level	NOUN
gp-317	320	34	of	of	ADP
gp-317	320	35	stock	stock	NOUN
gp-317	320	36	return	return	NOUN
gp-317	320	37	.	.	PUNCT
gp-317	321	1	likewise	likewise	ADV
gp-317	321	2	,	,	PUNCT
gp-317	321	3	when	when	SCONJ
gp-317	321	4	conditions	condition	NOUN
gp-317	321	5	decline	decline	VERB
gp-317	321	6	in	in	ADP
gp-317	321	7	the	the	DET
gp-317	321	8	exchange	exchange	NOUN
gp-317	321	9	rate	rate	NOUN
gp-317	321	10	,	,	PUNCT
gp-317	321	11	it	it	PRON
gp-317	321	12	will	will	AUX
gp-317	321	13	increase	increase	VERB
gp-317	321	14	the	the	DET
gp-317	321	15	level	level	NOUN
gp-317	321	16	of	of	ADP
gp-317	321	17	stock	stock	NOUN
gp-317	321	18	return	return	NOUN
gp-317	321	19	on	on	ADP
gp-317	321	20	lq45	lq45	PROPN
gp-317	321	21	companies	company	NOUN
gp-317	321	22	on	on	ADP
gp-317	321	23	the	the	DET
gp-317	321	24	indonesia	indonesia	PROPN
gp-317	321	25	stock	stock	PROPN
gp-317	321	26	exchange	exchange	PROPN
gp-317	321	27	.	.	PUNCT
gp-317	322	1	the	the	DET
gp-317	322	2	effect	effect	NOUN
gp-317	322	3	of	of	ADP
gp-317	322	4	the	the	DET
gp-317	322	5	dow	dow	PROPN
gp-317	322	6	jones	jones	PROPN
gp-317	322	7	index	index	PROPN
gp-317	322	8	on	on	ADP
gp-317	322	9	stock	stock	NOUN
gp-317	322	10	returns	return	NOUN
gp-317	322	11	based	base	VERB
gp-317	322	12	on	on	ADP
gp-317	322	13	the	the	DET
gp-317	322	14	results	result	NOUN
gp-317	322	15	of	of	ADP
gp-317	322	16	the	the	DET
gp-317	322	17	estimation	estimation	NOUN
gp-317	322	18	that	that	PRON
gp-317	322	19	has	have	AUX
gp-317	322	20	been	be	AUX
gp-317	322	21	carried	carry	VERB
gp-317	322	22	out	out	ADP
gp-317	322	23	,	,	PUNCT
gp-317	322	24	it	it	PRON
gp-317	322	25	is	be	AUX
gp-317	322	26	found	find	VERB
gp-317	322	27	that	that	SCONJ
gp-317	322	28	the	the	DET
gp-317	322	29	results	result	NOUN
gp-317	322	30	of	of	ADP
gp-317	322	31	the	the	DET
gp-317	322	32	gmm	gmm	PROPN
gp-317	322	33	estimation	estimation	NOUN
gp-317	322	34	test	test	NOUN
gp-317	322	35	for	for	ADP
gp-317	322	36	the	the	DET
gp-317	322	37	dow	dow	PROPN
gp-317	322	38	jones	jones	PROPN
gp-317	322	39	index	index	PROPN
gp-317	322	40	(	(	PUNCT
gp-317	322	41	dj	dj	NOUN
gp-317	322	42	)	)	PUNCT
gp-317	322	43	variable	variable	NOUN
gp-317	322	44	have	have	VERB
gp-317	322	45	a	a	DET
gp-317	322	46	negative	negative	ADJ
gp-317	322	47	and	and	CCONJ
gp-317	322	48	insignificant	insignificant	ADJ
gp-317	322	49	influence	influence	NOUN
gp-317	322	50	on	on	ADP
gp-317	322	51	stock	stock	NOUN
gp-317	322	52	return	return	NOUN
gp-317	322	53	(	(	PUNCT
gp-317	322	54	sr	sr	PROPN
gp-317	322	55	)	)	PUNCT
gp-317	322	56	.	.	PUNCT
gp-317	323	1	the	the	DET
gp-317	323	2	coefficient	coefficient	NOUN
gp-317	323	3	value	value	NOUN
gp-317	323	4	is	be	AUX
gp-317	323	5	-1.0880	-1.0880	ADJ
gp-317	323	6	to	to	ADP
gp-317	323	7	-3.3750	-3.3750	NOUN
gp-317	323	8	which	which	PRON
gp-317	323	9	means	mean	VERB
gp-317	323	10	that	that	SCONJ
gp-317	323	11	every	every	DET
gp-317	323	12	increase	increase	NOUN
gp-317	323	13	in	in	ADP
gp-317	323	14	dj	dj	NOUN
gp-317	323	15	by	by	ADP
gp-317	323	16	one	one	NUM
gp-317	323	17	percent	percent	NOUN
gp-317	323	18	,	,	PUNCT
gp-317	323	19	will	will	AUX
gp-317	323	20	cause	cause	VERB
gp-317	323	21	a	a	DET
gp-317	323	22	decrease	decrease	NOUN
gp-317	323	23	and	and	CCONJ
gp-317	323	24	not	not	PART
gp-317	323	25	consistently	consistently	ADV
gp-317	323	26	cause	cause	VERB
gp-317	323	27	a	a	DET
gp-317	323	28	significant	significant	ADJ
gp-317	323	29	change	change	NOUN
gp-317	323	30	in	in	ADP
gp-317	323	31	stock	stock	NOUN
gp-317	323	32	return	return	NOUN
gp-317	323	33	of	of	ADP
gp-317	323	34	1.09	1.09	NUM
gp-317	323	35	to	to	PART
gp-317	323	36	3.38	3.38	NUM
gp-317	323	37	percentage	percentage	NOUN
gp-317	323	38	points	point	NOUN
gp-317	323	39	.	.	PUNCT
gp-317	324	1	the	the	DET
gp-317	324	2	results	result	NOUN
gp-317	324	3	of	of	ADP
gp-317	324	4	the	the	DET
gp-317	324	5	estimation	estimation	NOUN
gp-317	324	6	obtained	obtain	VERB
gp-317	324	7	in	in	ADP
gp-317	324	8	this	this	DET
gp-317	324	9	study	study	NOUN
gp-317	324	10	are	be	AUX
gp-317	324	11	in	in	ADP
gp-317	324	12	line	line	NOUN
gp-317	324	13	with	with	ADP
gp-317	324	14	the	the	DET
gp-317	324	15	results	result	NOUN
gp-317	324	16	of	of	ADP
gp-317	324	17	prawoto	prawoto	NOUN
gp-317	324	18	&	&	CCONJ
gp-317	324	19	putra	putra	PROPN
gp-317	324	20	's	's	PART
gp-317	324	21	(	(	PUNCT
gp-317	324	22	2020	2020	NUM
gp-317	324	23	)	)	PUNCT
gp-317	324	24	research	research	NOUN
gp-317	324	25	showing	show	VERB
gp-317	324	26	that	that	SCONJ
gp-317	324	27	the	the	DET
gp-317	324	28	dow	dow	PROPN
gp-317	324	29	jones	jones	PROPN
gp-317	324	30	index	index	PROPN
gp-317	324	31	has	have	VERB
gp-317	324	32	a	a	DET
gp-317	324	33	negative	negative	ADJ
gp-317	324	34	and	and	CCONJ
gp-317	324	35	insignificant	insignificant	ADJ
gp-317	324	36	influence	influence	NOUN
gp-317	324	37	on	on	ADP
gp-317	324	38	the	the	DET
gp-317	324	39	composite	composite	ADJ
gp-317	324	40	stock	stock	NOUN
gp-317	324	41	price	price	NOUN
gp-317	324	42	index	index	NOUN
gp-317	324	43	which	which	PRON
gp-317	324	44	will	will	AUX
gp-317	324	45	affect	affect	VERB
gp-317	324	46	stock	stock	NOUN
gp-317	324	47	returns	return	NOUN
gp-317	324	48	.	.	PUNCT
gp-317	325	1	when	when	SCONJ
gp-317	325	2	the	the	DET
gp-317	325	3	us	us	PROPN
gp-317	325	4	economy	economy	NOUN
gp-317	325	5	strengthens	strengthen	VERB
gp-317	325	6	and	and	CCONJ
gp-317	325	7	grows	grow	VERB
gp-317	325	8	too	too	ADV
gp-317	325	9	fast	fast	ADV
gp-317	325	10	,	,	PUNCT
gp-317	325	11	the	the	DET
gp-317	325	12	fed	fed	PROPN
gp-317	325	13	tends	tend	VERB
gp-317	325	14	to	to	PART
gp-317	325	15	raise	raise	VERB
gp-317	325	16	interest	interest	NOUN
gp-317	325	17	rates	rate	NOUN
gp-317	325	18	to	to	PART
gp-317	325	19	maintain	maintain	VERB
gp-317	325	20	price	price	NOUN
gp-317	325	21	stability	stability	NOUN
gp-317	325	22	,	,	PUNCT
gp-317	325	23	which	which	PRON
gp-317	325	24	has	have	VERB
gp-317	325	25	an	an	DET
gp-317	325	26	impact	impact	NOUN
gp-317	325	27	on	on	ADP
gp-317	325	28	us	us	PROPN
gp-317	325	29	bonds	bond	NOUN
gp-317	325	30	and	and	CCONJ
gp-317	325	31	stocks	stock	NOUN
gp-317	325	32	becoming	become	VERB
gp-317	325	33	more	more	ADV
gp-317	325	34	attractive	attractive	ADJ
gp-317	325	35	,	,	PUNCT
gp-317	325	36	so	so	SCONJ
gp-317	325	37	that	that	SCONJ
gp-317	325	38	stock	stock	NOUN
gp-317	325	39	prices	price	NOUN
gp-317	325	40	in	in	ADP
gp-317	325	41	developing	develop	VERB
gp-317	325	42	countries	country	NOUN
gp-317	325	43	fall	fall	VERB
gp-317	325	44	.	.	PUNCT
gp-317	326	1	this	this	PRON
gp-317	326	2	can	can	AUX
gp-317	326	3	slow	slow	VERB
gp-317	326	4	down	down	ADP
gp-317	326	5	the	the	DET
gp-317	326	6	company	company	NOUN
gp-317	326	7	's	's	PART
gp-317	326	8	growth	growth	NOUN
gp-317	326	9	and	and	CCONJ
gp-317	326	10	pressure	pressure	NOUN
gp-317	326	11	on	on	ADP
gp-317	326	12	stocks	stock	NOUN
gp-317	326	13	.	.	PUNCT
gp-317	327	1	this	this	DET
gp-317	327	2	result	result	NOUN
gp-317	327	3	is	be	AUX
gp-317	327	4	in	in	ADP
gp-317	327	5	line	line	NOUN
gp-317	327	6	with	with	ADP
gp-317	327	7	damajanti	damajanti	PROPN
gp-317	327	8	et	et	PROPN
gp-317	327	9	al	al	PROPN
gp-317	327	10	.	.	PROPN
gp-317	328	1	(	(	PUNCT
gp-317	328	2	2018	2018	NUM
gp-317	328	3	)	)	PUNCT
gp-317	328	4	who	who	PRON
gp-317	328	5	showed	show	VERB
gp-317	328	6	that	that	SCONJ
gp-317	328	7	the	the	DET
gp-317	328	8	dow	dow	PROPN
gp-317	328	9	jones	jones	PROPN
gp-317	328	10	index	index	PROPN
gp-317	328	11	has	have	VERB
gp-317	328	12	a	a	DET
gp-317	328	13	negative	negative	ADJ
gp-317	328	14	and	and	CCONJ
gp-317	328	15	insignificant	insignificant	ADJ
gp-317	328	16	influence	influence	NOUN
gp-317	328	17	.	.	PUNCT
gp-317	329	1	the	the	DET
gp-317	329	2	influence	influence	NOUN
gp-317	329	3	of	of	ADP
gp-317	329	4	the	the	DET
gp-317	329	5	movement	movement	NOUN
gp-317	329	6	of	of	ADP
gp-317	329	7	the	the	DET
gp-317	329	8	dow	dow	PROPN
gp-317	329	9	jones	jones	PROPN
gp-317	329	10	index	index	PROPN
gp-317	329	11	on	on	ADP
gp-317	329	12	the	the	DET
gp-317	329	13	stock	stock	NOUN
gp-317	329	14	market	market	NOUN
gp-317	329	15	in	in	ADP
gp-317	329	16	indonesia	indonesia	PROPN
gp-317	329	17	weakened	weaken	VERB
gp-317	329	18	and	and	CCONJ
gp-317	329	19	the	the	DET
gp-317	329	20	movement	movement	NOUN
gp-317	329	21	of	of	ADP
gp-317	329	22	dow	dow	PROPN
gp-317	329	23	jones	jones	PROPN
gp-317	329	24	shares	share	NOUN
gp-317	329	25	was	be	AUX
gp-317	329	26	not	not	PART
gp-317	329	27	the	the	DET
gp-317	329	28	main	main	ADJ
gp-317	329	29	factor	factor	NOUN
gp-317	329	30	in	in	ADP
gp-317	329	31	affecting	affect	VERB
gp-317	329	32	stock	stock	NOUN
gp-317	329	33	returns	return	NOUN
gp-317	329	34	.	.	PUNCT
gp-317	330	1	this	this	PRON
gp-317	330	2	is	be	AUX
gp-317	330	3	not	not	PART
gp-317	330	4	strong	strong	ADJ
gp-317	330	5	enough	enough	ADV
gp-317	330	6	to	to	PART
gp-317	330	7	be	be	AUX
gp-317	330	8	used	use	VERB
gp-317	330	9	as	as	ADP
gp-317	330	10	a	a	DET
gp-317	330	11	basis	basis	NOUN
gp-317	330	12	for	for	ADP
gp-317	330	13	decision	decision	NOUN
gp-317	330	14	-	-	PUNCT
gp-317	330	15	making	making	NOUN
gp-317	330	16	in	in	ADP
gp-317	330	17	investing	investing	NOUN
gp-317	330	18	.	.	PUNCT
gp-317	331	1	the	the	DET
gp-317	331	2	high	high	ADJ
gp-317	331	3	tariff	tariff	NOUN
gp-317	331	4	policy	policy	NOUN
gp-317	331	5	of	of	ADP
gp-317	331	6	donald	donald	PROPN
gp-317	331	7	trump	trump	NOUN
gp-317	331	8	has	have	AUX
gp-317	331	9	made	make	VERB
gp-317	331	10	an	an	DET
gp-317	331	11	impact	impact	NOUN
gp-317	331	12	on	on	ADP
gp-317	331	13	the	the	DET
gp-317	331	14	global	global	ADJ
gp-317	331	15	and	and	CCONJ
gp-317	331	16	stock	stock	NOUN
gp-317	331	17	indices	index	NOUN
gp-317	331	18	in	in	ADP
gp-317	331	19	indonesia	indonesia	PROPN
gp-317	331	20	has	have	AUX
gp-317	331	21	decreased	decrease	VERB
gp-317	331	22	.	.	PUNCT
gp-317	332	1	the	the	DET
gp-317	332	2	impact	impact	NOUN
gp-317	332	3	of	of	ADP
gp-317	332	4	this	this	DET
gp-317	332	5	policy	policy	NOUN
gp-317	332	6	creates	create	VERB
gp-317	332	7	global	global	ADJ
gp-317	332	8	uncertainty	uncertainty	NOUN
gp-317	332	9	that	that	PRON
gp-317	332	10	will	will	AUX
gp-317	332	11	cause	cause	VERB
gp-317	332	12	capital	capital	NOUN
gp-317	332	13	market	market	NOUN
gp-317	332	14	volatility	volatility	NOUN
gp-317	332	15	,	,	PUNCT
gp-317	332	16	global	global	ADJ
gp-317	332	17	supply	supply	NOUN
gp-317	332	18	chain	chain	NOUN
gp-317	332	19	disruptions	disruption	NOUN
gp-317	332	20	that	that	PRON
gp-317	332	21	will	will	AUX
gp-317	332	22	reduce	reduce	VERB
gp-317	332	23	company	company	NOUN
gp-317	332	24	profits	profit	NOUN
gp-317	332	25	,	,	PUNCT
gp-317	332	26	as	as	ADV
gp-317	332	27	well	well	ADV
gp-317	332	28	as	as	ADP
gp-317	332	29	negative	negative	ADJ
gp-317	332	30	sentiment	sentiment	NOUN
gp-317	332	31	of	of	ADP
gp-317	332	32	global	global	ADJ
gp-317	332	33	investors	investor	NOUN
gp-317	332	34	towards	towards	ADP
gp-317	332	35	risky	risky	ADJ
gp-317	332	36	assets	asset	NOUN
gp-317	332	37	.	.	PUNCT
gp-317	333	1	meanwhile	meanwhile	ADV
gp-317	333	2	,	,	PUNCT
gp-317	333	3	the	the	DET
gp-317	333	4	the	the	DET
gp-317	333	5	influence	influence	NOUN
gp-317	333	6	of	of	ADP
gp-317	333	7	monetary	monetary	ADJ
gp-317	333	8	policy	policy	NOUN
gp-317	333	9	,	,	PUNCT
gp-317	333	10	macroeconomic	macroeconomic	ADJ
gp-317	333	11	variables	variable	NOUN
gp-317	333	12	,	,	PUNCT
gp-317	333	13	global	global	ADJ
gp-317	333	14	markets	market	NOUN
gp-317	333	15	,	,	PUNCT
gp-317	333	16	and	and	CCONJ
gp-317	333	17	internal	internal	ADJ
gp-317	333	18	company	company	NOUN
gp-317	333	19	factors	factor	NOUN
gp-317	333	20	on	on	ADP
gp-317	333	21	stock	stock	NOUN
gp-317	333	22	returns	return	NOUN
gp-317	333	23	of	of	ADP
gp-317	333	24	lq45	lq45	PROPN
gp-317	333	25	companies	company	NOUN
gp-317	333	26	on	on	ADP
gp-317	333	27	the	the	DET
gp-317	333	28	indonesian	indonesian	ADJ
gp-317	333	29	stock	stock	PROPN
gp-317	333	30	exchange	exchange	PROPN
gp-317	333	31	1708	1708	NUM
gp-317	333	32	impact	impact	NOUN
gp-317	333	33	on	on	ADP
gp-317	333	34	stock	stock	NOUN
gp-317	333	35	indices	index	NOUN
gp-317	333	36	in	in	ADP
gp-317	333	37	indonesia	indonesia	PROPN
gp-317	333	38	will	will	AUX
gp-317	333	39	make	make	VERB
gp-317	333	40	capital	capital	NOUN
gp-317	333	41	outflow	outflow	NOUN
gp-317	333	42	where	where	SCONJ
gp-317	333	43	when	when	SCONJ
gp-317	333	44	uncertainty	uncertainty	NOUN
gp-317	333	45	increases	increase	VERB
gp-317	333	46	,	,	PUNCT
gp-317	333	47	global	global	ADJ
gp-317	333	48	investors	investor	NOUN
gp-317	333	49	tend	tend	VERB
gp-317	333	50	to	to	PART
gp-317	333	51	withdraw	withdraw	VERB
gp-317	333	52	funds	fund	NOUN
gp-317	333	53	from	from	ADP
gp-317	333	54	developing	develop	VERB
gp-317	333	55	countries	country	NOUN
gp-317	333	56	such	such	ADJ
gp-317	333	57	as	as	ADP
gp-317	333	58	indonesia	indonesia	PROPN
gp-317	333	59	and	and	CCONJ
gp-317	333	60	capital	capital	NOUN
gp-317	333	61	outflows	outflow	NOUN
gp-317	333	62	(	(	PUNCT
gp-317	333	63	capital	capital	NOUN
gp-317	333	64	outflow	outflow	NOUN
gp-317	333	65	)	)	PUNCT
gp-317	333	66	will	will	AUX
gp-317	333	67	suppress	suppress	VERB
gp-317	333	68	the	the	DET
gp-317	333	69	rupiah	rupiah	NOUN
gp-317	333	70	exchange	exchange	NOUN
gp-317	333	71	rate	rate	NOUN
gp-317	333	72	and	and	CCONJ
gp-317	333	73	cause	cause	VERB
gp-317	333	74	a	a	DET
gp-317	333	75	decline	decline	NOUN
gp-317	333	76	in	in	ADP
gp-317	333	77	the	the	DET
gp-317	333	78	jci	jci	PROPN
gp-317	333	79	.	.	PROPN
gp-317	334	1	from	from	ADP
gp-317	334	2	the	the	DET
gp-317	334	3	overall	overall	ADJ
gp-317	334	4	results	result	NOUN
gp-317	334	5	of	of	ADP
gp-317	334	6	gmm	gmm	NOUN
gp-317	334	7	estimation	estimation	NOUN
gp-317	334	8	in	in	ADP
gp-317	334	9	this	this	DET
gp-317	334	10	study	study	NOUN
gp-317	334	11	,	,	PUNCT
gp-317	334	12	it	it	PRON
gp-317	334	13	is	be	AUX
gp-317	334	14	proven	prove	VERB
gp-317	334	15	that	that	SCONJ
gp-317	334	16	the	the	DET
gp-317	334	17	dow	dow	PROPN
gp-317	334	18	jones	jones	PROPN
gp-317	334	19	index	index	PROPN
gp-317	334	20	has	have	VERB
gp-317	334	21	a	a	DET
gp-317	334	22	negative	negative	ADJ
gp-317	334	23	and	and	CCONJ
gp-317	334	24	insignificant	insignificant	ADJ
gp-317	334	25	influence	influence	NOUN
gp-317	334	26	on	on	ADP
gp-317	334	27	stock	stock	NOUN
gp-317	334	28	returns	return	NOUN
gp-317	334	29	.	.	PUNCT
gp-317	335	1	this	this	PRON
gp-317	335	2	is	be	AUX
gp-317	335	3	in	in	ADP
gp-317	335	4	accordance	accordance	NOUN
gp-317	335	5	with	with	ADP
gp-317	335	6	the	the	DET
gp-317	335	7	hypothesis	hypothesis	NOUN
gp-317	335	8	proposed	propose	VERB
gp-317	335	9	and	and	CCONJ
gp-317	335	10	the	the	DET
gp-317	335	11	existing	exist	VERB
gp-317	335	12	theory	theory	NOUN
gp-317	335	13	,	,	PUNCT
gp-317	335	14	which	which	PRON
gp-317	335	15	refers	refer	VERB
gp-317	335	16	to	to	ADP
gp-317	335	17	the	the	DET
gp-317	335	18	conclusion	conclusion	NOUN
gp-317	335	19	that	that	SCONJ
gp-317	335	20	an	an	DET
gp-317	335	21	increase	increase	NOUN
gp-317	335	22	in	in	ADP
gp-317	335	23	the	the	DET
gp-317	335	24	dow	dow	PROPN
gp-317	335	25	jones	jones	PROPN
gp-317	335	26	index	index	PROPN
gp-317	335	27	will	will	AUX
gp-317	335	28	result	result	VERB
gp-317	335	29	in	in	ADP
gp-317	335	30	a	a	DET
gp-317	335	31	decrease	decrease	NOUN
gp-317	335	32	in	in	ADP
gp-317	335	33	the	the	DET
gp-317	335	34	level	level	NOUN
gp-317	335	35	of	of	ADP
gp-317	335	36	stock	stock	NOUN
gp-317	335	37	return	return	NOUN
gp-317	335	38	.	.	PUNCT
gp-317	336	1	and	and	CCONJ
gp-317	336	2	vice	vice	ADV
gp-317	336	3	versa	versa	ADV
gp-317	336	4	,	,	PUNCT
gp-317	336	5	when	when	SCONJ
gp-317	336	6	conditions	condition	NOUN
gp-317	336	7	are	be	AUX
gp-317	336	8	down	down	ADV
gp-317	336	9	in	in	ADP
gp-317	336	10	the	the	DET
gp-317	336	11	dow	dow	PROPN
gp-317	336	12	jones	jones	PROPN
gp-317	336	13	index	index	PROPN
gp-317	336	14	,	,	PUNCT
gp-317	336	15	it	it	PRON
gp-317	336	16	will	will	AUX
gp-317	336	17	increase	increase	VERB
gp-317	336	18	the	the	DET
gp-317	336	19	level	level	NOUN
gp-317	336	20	of	of	ADP
gp-317	336	21	stock	stock	NOUN
gp-317	336	22	return	return	NOUN
gp-317	336	23	.	.	PUNCT
gp-317	337	1	the	the	DET
gp-317	337	2	insignificant	insignificant	ADJ
gp-317	337	3	result	result	NOUN
gp-317	337	4	means	mean	VERB
gp-317	337	5	that	that	SCONJ
gp-317	337	6	the	the	DET
gp-317	337	7	rise	rise	NOUN
gp-317	337	8	and	and	CCONJ
gp-317	337	9	fall	fall	NOUN
gp-317	337	10	of	of	ADP
gp-317	337	11	the	the	DET
gp-317	337	12	dow	dow	PROPN
gp-317	337	13	jones	jones	PROPN
gp-317	337	14	index	index	PROPN
gp-317	337	15	can	can	AUX
gp-317	337	16	not	not	PART
gp-317	337	17	affect	affect	VERB
gp-317	337	18	the	the	DET
gp-317	337	19	rate	rate	NOUN
gp-317	337	20	of	of	ADP
gp-317	337	21	rise	rise	NOUN
gp-317	337	22	and	and	CCONJ
gp-317	337	23	fall	fall	VERB
gp-317	337	24	in	in	ADP
gp-317	337	25	the	the	DET
gp-317	337	26	return	return	NOUN
gp-317	337	27	of	of	ADP
gp-317	337	28	shares	share	NOUN
gp-317	337	29	in	in	ADP
gp-317	337	30	lq45	lq45	PROPN
gp-317	337	31	companies	company	NOUN
gp-317	337	32	on	on	ADP
gp-317	337	33	the	the	DET
gp-317	337	34	indonesia	indonesia	PROPN
gp-317	337	35	stock	stock	PROPN
gp-317	337	36	exchange	exchange	PROPN
gp-317	337	37	.	.	PUNCT
gp-317	338	1	the	the	DET
gp-317	338	2	effect	effect	NOUN
gp-317	338	3	of	of	ADP
gp-317	338	4	company	company	NOUN
gp-317	338	5	size	size	NOUN
gp-317	338	6	on	on	ADP
gp-317	338	7	stock	stock	NOUN
gp-317	338	8	returns	return	NOUN
gp-317	338	9	based	base	VERB
gp-317	338	10	on	on	ADP
gp-317	338	11	the	the	DET
gp-317	338	12	results	result	NOUN
gp-317	338	13	of	of	ADP
gp-317	338	14	the	the	DET
gp-317	338	15	estimation	estimation	NOUN
gp-317	338	16	that	that	PRON
gp-317	338	17	has	have	AUX
gp-317	338	18	been	be	AUX
gp-317	338	19	carried	carry	VERB
gp-317	338	20	out	out	ADP
gp-317	338	21	,	,	PUNCT
gp-317	338	22	it	it	PRON
gp-317	338	23	is	be	AUX
gp-317	338	24	found	find	VERB
gp-317	338	25	that	that	SCONJ
gp-317	338	26	the	the	DET
gp-317	338	27	results	result	NOUN
gp-317	338	28	of	of	ADP
gp-317	338	29	the	the	DET
gp-317	338	30	gmm	gmm	PROPN
gp-317	338	31	estimation	estimation	NOUN
gp-317	338	32	test	test	NOUN
gp-317	338	33	for	for	ADP
gp-317	338	34	the	the	DET
gp-317	338	35	firm	firm	ADJ
gp-317	338	36	size	size	NOUN
gp-317	338	37	(	(	PUNCT
gp-317	338	38	size	size	NOUN
gp-317	338	39	)	)	PUNCT
gp-317	338	40	variable	variable	NOUN
gp-317	338	41	have	have	VERB
gp-317	338	42	a	a	DET
gp-317	338	43	positive	positive	ADJ
gp-317	338	44	and	and	CCONJ
gp-317	338	45	insignificant	insignificant	ADJ
gp-317	338	46	effect	effect	NOUN
gp-317	338	47	on	on	ADP
gp-317	338	48	stock	stock	NOUN
gp-317	338	49	return	return	NOUN
gp-317	338	50	(	(	PUNCT
gp-317	338	51	sr	sr	PROPN
gp-317	338	52	)	)	PUNCT
gp-317	338	53	.	.	PUNCT
gp-317	339	1	the	the	DET
gp-317	339	2	coefficient	coefficient	NOUN
gp-317	339	3	value	value	NOUN
gp-317	339	4	is	be	AUX
gp-317	339	5	0.0034	0.0034	NUM
gp-317	339	6	to	to	ADP
gp-317	339	7	0.0191	0.0191	NUM
gp-317	339	8	which	which	PRON
gp-317	339	9	means	mean	VERB
gp-317	339	10	that	that	SCONJ
gp-317	339	11	every	every	DET
gp-317	339	12	increase	increase	NOUN
gp-317	339	13	in	in	ADP
gp-317	339	14	size	size	NOUN
gp-317	339	15	of	of	ADP
gp-317	339	16	one	one	NUM
gp-317	339	17	percent	percent	NOUN
gp-317	339	18	,	,	PUNCT
gp-317	339	19	it	it	PRON
gp-317	339	20	will	will	AUX
gp-317	339	21	cause	cause	VERB
gp-317	339	22	an	an	DET
gp-317	339	23	increase	increase	NOUN
gp-317	339	24	and	and	CCONJ
gp-317	339	25	not	not	PART
gp-317	339	26	consistently	consistently	ADV
gp-317	339	27	cause	cause	VERB
gp-317	339	28	a	a	DET
gp-317	339	29	significant	significant	ADJ
gp-317	339	30	change	change	NOUN
gp-317	339	31	in	in	ADP
gp-317	339	32	stock	stock	NOUN
gp-317	339	33	return	return	NOUN
gp-317	339	34	of	of	ADP
gp-317	339	35	0.0034	0.0034	NUM
gp-317	339	36	to	to	PART
gp-317	339	37	0.02	0.02	NUM
gp-317	339	38	percentage	percentage	NOUN
gp-317	339	39	points	point	NOUN
gp-317	339	40	.	.	PUNCT
gp-317	340	1	the	the	DET
gp-317	340	2	results	result	NOUN
gp-317	340	3	of	of	ADP
gp-317	340	4	the	the	DET
gp-317	340	5	estimation	estimation	NOUN
gp-317	340	6	obtained	obtain	VERB
gp-317	340	7	in	in	ADP
gp-317	340	8	this	this	DET
gp-317	340	9	study	study	NOUN
gp-317	340	10	are	be	AUX
gp-317	340	11	in	in	ADP
gp-317	340	12	line	line	NOUN
gp-317	340	13	with	with	ADP
gp-317	340	14	the	the	DET
gp-317	340	15	results	result	NOUN
gp-317	340	16	of	of	ADP
gp-317	340	17	the	the	DET
gp-317	340	18	research	research	NOUN
gp-317	340	19	of	of	ADP
gp-317	340	20	prawiro	prawiro	NOUN
gp-317	340	21	et	et	PROPN
gp-317	340	22	al	al	PROPN
gp-317	340	23	.	.	PROPN
gp-317	341	1	(	(	PUNCT
gp-317	341	2	2022	2022	NUM
gp-317	341	3	)	)	PUNCT
gp-317	341	4	showing	show	VERB
gp-317	341	5	that	that	DET
gp-317	341	6	firm	firm	ADJ
gp-317	341	7	size	size	NOUN
gp-317	341	8	has	have	VERB
gp-317	341	9	a	a	DET
gp-317	341	10	positive	positive	ADJ
gp-317	341	11	and	and	CCONJ
gp-317	341	12	insignificant	insignificant	ADJ
gp-317	341	13	effect	effect	NOUN
gp-317	341	14	on	on	ADP
gp-317	341	15	stock	stock	NOUN
gp-317	341	16	returns	return	NOUN
gp-317	341	17	.	.	PUNCT
gp-317	342	1	investors	investor	NOUN
gp-317	342	2	can	can	AUX
gp-317	342	3	see	see	VERB
gp-317	342	4	the	the	DET
gp-317	342	5	company	company	NOUN
gp-317	342	6	's	's	PART
gp-317	342	7	stock	stock	NOUN
gp-317	342	8	return	return	NOUN
gp-317	342	9	rate	rate	NOUN
gp-317	342	10	through	through	ADP
gp-317	342	11	firm	firm	ADJ
gp-317	342	12	size	size	NOUN
gp-317	342	13	,	,	PUNCT
gp-317	342	14	because	because	SCONJ
gp-317	342	15	the	the	PRON
gp-317	342	16	larger	large	ADJ
gp-317	342	17	the	the	DET
gp-317	342	18	company	company	NOUN
gp-317	342	19	's	's	PART
gp-317	342	20	size	size	NOUN
gp-317	342	21	,	,	PUNCT
gp-317	342	22	the	the	PRON
gp-317	342	23	greater	great	ADJ
gp-317	342	24	the	the	DET
gp-317	342	25	rate	rate	NOUN
gp-317	342	26	of	of	ADP
gp-317	342	27	return	return	NOUN
gp-317	342	28	on	on	ADP
gp-317	342	29	stock	stock	NOUN
gp-317	342	30	to	to	ADP
gp-317	342	31	investors	investor	NOUN
gp-317	342	32	.	.	PUNCT
gp-317	343	1	large	large	ADJ
gp-317	343	2	companies	company	NOUN
gp-317	343	3	show	show	VERB
gp-317	343	4	that	that	SCONJ
gp-317	343	5	the	the	DET
gp-317	343	6	company	company	NOUN
gp-317	343	7	has	have	VERB
gp-317	343	8	a	a	DET
gp-317	343	9	lot	lot	NOUN
gp-317	343	10	of	of	ADP
gp-317	343	11	assets	asset	NOUN
gp-317	343	12	that	that	PRON
gp-317	343	13	can	can	AUX
gp-317	343	14	be	be	AUX
gp-317	343	15	used	use	VERB
gp-317	343	16	to	to	PART
gp-317	343	17	provide	provide	VERB
gp-317	343	18	returns	return	NOUN
gp-317	343	19	to	to	ADP
gp-317	343	20	investors	investor	NOUN
gp-317	343	21	.	.	PUNCT
gp-317	344	1	this	this	DET
gp-317	344	2	result	result	NOUN
gp-317	344	3	is	be	AUX
gp-317	344	4	in	in	ADP
gp-317	344	5	line	line	NOUN
gp-317	344	6	with	with	ADP
gp-317	344	7	the	the	DET
gp-317	344	8	research	research	NOUN
gp-317	344	9	of	of	ADP
gp-317	344	10	hartanto	hartanto	NOUN
gp-317	344	11	et	et	PROPN
gp-317	344	12	al	al	PROPN
gp-317	344	13	.	.	PROPN
gp-317	345	1	(	(	PUNCT
gp-317	345	2	2022	2022	NUM
gp-317	345	3	)	)	PUNCT
gp-317	345	4	showing	show	VERB
gp-317	345	5	that	that	DET
gp-317	345	6	firm	firm	ADJ
gp-317	345	7	size	size	NOUN
gp-317	345	8	has	have	VERB
gp-317	345	9	a	a	DET
gp-317	345	10	positive	positive	ADJ
gp-317	345	11	and	and	CCONJ
gp-317	345	12	insignificant	insignificant	ADJ
gp-317	345	13	effect	effect	NOUN
gp-317	345	14	on	on	ADP
gp-317	345	15	stock	stock	NOUN
gp-317	345	16	returns	return	NOUN
gp-317	345	17	.	.	PUNCT
gp-317	346	1	insignificant	insignificant	ADJ
gp-317	346	2	returns	return	NOUN
gp-317	346	3	mean	mean	VERB
gp-317	346	4	that	that	SCONJ
gp-317	346	5	when	when	SCONJ
gp-317	346	6	buying	buy	VERB
gp-317	346	7	stocks	stock	NOUN
gp-317	346	8	,	,	PUNCT
gp-317	346	9	investors	investor	NOUN
gp-317	346	10	usually	usually	ADV
gp-317	346	11	do	do	AUX
gp-317	346	12	n't	not	PART
gp-317	346	13	consider	consider	VERB
gp-317	346	14	the	the	DET
gp-317	346	15	size	size	NOUN
gp-317	346	16	of	of	ADP
gp-317	346	17	the	the	DET
gp-317	346	18	company	company	NOUN
gp-317	346	19	.	.	PUNCT
gp-317	347	1	this	this	PRON
gp-317	347	2	is	be	AUX
gp-317	347	3	because	because	SCONJ
gp-317	347	4	the	the	DET
gp-317	347	5	growth	growth	NOUN
gp-317	347	6	of	of	ADP
gp-317	347	7	a	a	DET
gp-317	347	8	company	company	NOUN
gp-317	347	9	is	be	AUX
gp-317	347	10	not	not	PART
gp-317	347	11	only	only	ADV
gp-317	347	12	in	in	ADP
gp-317	347	13	terms	term	NOUN
gp-317	347	14	of	of	ADP
gp-317	347	15	size	size	NOUN
gp-317	347	16	.	.	PUNCT
gp-317	348	1	even	even	ADV
gp-317	348	2	if	if	SCONJ
gp-317	348	3	the	the	DET
gp-317	348	4	company	company	NOUN
gp-317	348	5	has	have	VERB
gp-317	348	6	large	large	ADJ
gp-317	348	7	assets	asset	NOUN
gp-317	348	8	,	,	PUNCT
gp-317	348	9	if	if	SCONJ
gp-317	348	10	business	business	NOUN
gp-317	348	11	activities	activity	NOUN
gp-317	348	12	are	be	AUX
gp-317	348	13	not	not	PART
gp-317	348	14	managed	manage	VERB
gp-317	348	15	properly	properly	ADV
gp-317	348	16	,	,	PUNCT
gp-317	348	17	the	the	DET
gp-317	348	18	company	company	NOUN
gp-317	348	19	will	will	AUX
gp-317	348	20	not	not	PART
gp-317	348	21	generate	generate	VERB
gp-317	348	22	much	much	ADJ
gp-317	348	23	profit	profit	NOUN
gp-317	348	24	.	.	PUNCT
gp-317	349	1	therefore	therefore	ADV
gp-317	349	2	,	,	PUNCT
gp-317	349	3	the	the	DET
gp-317	349	4	size	size	NOUN
gp-317	349	5	of	of	ADP
gp-317	349	6	the	the	DET
gp-317	349	7	company	company	NOUN
gp-317	349	8	will	will	AUX
gp-317	349	9	not	not	PART
gp-317	349	10	be	be	AUX
gp-317	349	11	able	able	ADJ
gp-317	349	12	to	to	PART
gp-317	349	13	predict	predict	VERB
gp-317	349	14	the	the	DET
gp-317	349	15	amount	amount	NOUN
gp-317	349	16	of	of	ADP
gp-317	349	17	profit	profit	NOUN
gp-317	349	18	the	the	DET
gp-317	349	19	company	company	NOUN
gp-317	349	20	will	will	AUX
gp-317	349	21	make	make	VERB
gp-317	349	22	and	and	CCONJ
gp-317	349	23	the	the	DET
gp-317	349	24	return	return	NOUN
gp-317	349	25	that	that	PRON
gp-317	349	26	the	the	DET
gp-317	349	27	investor	investor	NOUN
gp-317	349	28	will	will	AUX
gp-317	349	29	earn	earn	VERB
gp-317	349	30	.	.	PUNCT
gp-317	350	1	according	accord	VERB
gp-317	350	2	to	to	ADP
gp-317	350	3	schrank	schrank	PROPN
gp-317	350	4	(	(	PUNCT
gp-317	350	5	2022	2022	NUM
gp-317	350	6	)	)	PUNCT
gp-317	350	7	,	,	PUNCT
gp-317	350	8	the	the	DET
gp-317	350	9	size	size	NOUN
gp-317	350	10	of	of	ADP
gp-317	350	11	a	a	DET
gp-317	350	12	company	company	NOUN
gp-317	350	13	is	be	AUX
gp-317	350	14	seen	see	VERB
gp-317	350	15	from	from	ADP
gp-317	350	16	the	the	DET
gp-317	350	17	amount	amount	NOUN
gp-317	350	18	of	of	ADP
gp-317	350	19	equity	equity	NOUN
gp-317	350	20	value	value	NOUN
gp-317	350	21	,	,	PUNCT
gp-317	350	22	company	company	NOUN
gp-317	350	23	value	value	NOUN
gp-317	350	24	,	,	PUNCT
gp-317	350	25	or	or	CCONJ
gp-317	350	26	the	the	DET
gp-317	350	27	results	result	NOUN
gp-317	350	28	of	of	ADP
gp-317	350	29	the	the	DET
gp-317	350	30	total	total	ADJ
gp-317	350	31	asset	asset	NOUN
gp-317	350	32	value	value	NOUN
gp-317	350	33	of	of	ADP
gp-317	350	34	a	a	DET
gp-317	350	35	company	company	NOUN
gp-317	350	36	which	which	PRON
gp-317	350	37	provides	provide	VERB
gp-317	350	38	an	an	DET
gp-317	350	39	overview	overview	NOUN
gp-317	350	40	of	of	ADP
gp-317	350	41	the	the	DET
gp-317	350	42	number	number	NOUN
gp-317	350	43	of	of	ADP
gp-317	350	44	assets	asset	NOUN
gp-317	350	45	owned	own	VERB
gp-317	350	46	by	by	ADP
gp-317	350	47	the	the	DET
gp-317	350	48	company	company	NOUN
gp-317	350	49	so	so	SCONJ
gp-317	350	50	that	that	SCONJ
gp-317	350	51	in	in	ADP
gp-317	350	52	this	this	DET
gp-317	350	53	case	case	NOUN
gp-317	350	54	it	it	PRON
gp-317	350	55	becomes	become	VERB
gp-317	350	56	an	an	DET
gp-317	350	57	assessment	assessment	NOUN
gp-317	350	58	for	for	ADP
gp-317	350	59	investors	investor	NOUN
gp-317	350	60	before	before	ADP
gp-317	350	61	investing	invest	VERB
gp-317	350	62	in	in	ADP
gp-317	350	63	a	a	DET
gp-317	350	64	company	company	NOUN
gp-317	350	65	.	.	PUNCT
gp-317	351	1	total	total	ADJ
gp-317	351	2	assets	asset	NOUN
gp-317	351	3	are	be	AUX
gp-317	351	4	used	use	VERB
gp-317	351	5	as	as	ADP
gp-317	351	6	an	an	DET
gp-317	351	7	indicator	indicator	NOUN
gp-317	351	8	of	of	ADP
gp-317	351	9	company	company	NOUN
gp-317	351	10	size	size	NOUN
gp-317	351	11	because	because	SCONJ
gp-317	351	12	of	of	ADP
gp-317	351	13	their	their	PRON
gp-317	351	14	long	long	ADJ
gp-317	351	15	-	-	PUNCT
gp-317	351	16	term	term	NOUN
gp-317	351	17	nature	nature	NOUN
gp-317	351	18	.	.	PUNCT
gp-317	352	1	larger	large	ADJ
gp-317	352	2	companies	company	NOUN
gp-317	352	3	tend	tend	VERB
gp-317	352	4	to	to	PART
gp-317	352	5	have	have	VERB
gp-317	352	6	higher	high	ADJ
gp-317	352	7	stock	stock	NOUN
gp-317	352	8	returns	return	NOUN
gp-317	352	9	where	where	SCONJ
gp-317	352	10	larger	large	ADJ
gp-317	352	11	companies	company	NOUN
gp-317	352	12	have	have	VERB
gp-317	352	13	greater	great	ADJ
gp-317	352	14	resources	resource	NOUN
gp-317	352	15	,	,	PUNCT
gp-317	352	16	so	so	SCONJ
gp-317	352	17	they	they	PRON
gp-317	352	18	can	can	AUX
gp-317	352	19	generate	generate	VERB
gp-317	352	20	higher	high	ADJ
gp-317	352	21	profits	profit	NOUN
gp-317	352	22	.	.	PUNCT
gp-317	353	1	in	in	ADP
gp-317	353	2	addition	addition	NOUN
gp-317	353	3	,	,	PUNCT
gp-317	353	4	larger	large	ADJ
gp-317	353	5	companies	company	NOUN
gp-317	353	6	also	also	ADV
gp-317	353	7	have	have	VERB
gp-317	353	8	a	a	DET
gp-317	353	9	better	well	ADJ
gp-317	353	10	reputation	reputation	NOUN
gp-317	353	11	,	,	PUNCT
gp-317	353	12	making	make	VERB
gp-317	353	13	them	they	PRON
gp-317	353	14	more	more	ADV
gp-317	353	15	attractive	attractive	ADJ
gp-317	353	16	to	to	ADP
gp-317	353	17	investors	investor	NOUN
gp-317	353	18	.	.	PUNCT
gp-317	354	1	the	the	DET
gp-317	354	2	more	more	ADJ
gp-317	354	3	investors	investor	NOUN
gp-317	354	4	intend	intend	VERB
gp-317	354	5	to	to	PART
gp-317	354	6	buy	buy	VERB
gp-317	354	7	shares	share	NOUN
gp-317	354	8	of	of	ADP
gp-317	354	9	a	a	DET
gp-317	354	10	large	large	ADJ
gp-317	354	11	company	company	NOUN
gp-317	354	12	,	,	PUNCT
gp-317	354	13	the	the	DET
gp-317	354	14	price	price	NOUN
gp-317	354	15	of	of	ADP
gp-317	354	16	the	the	DET
gp-317	354	17	company	company	NOUN
gp-317	354	18	's	's	PART
gp-317	354	19	shares	share	NOUN
gp-317	354	20	will	will	AUX
gp-317	354	21	increase	increase	VERB
gp-317	354	22	and	and	CCONJ
gp-317	354	23	the	the	DET
gp-317	354	24	rate	rate	NOUN
gp-317	354	25	of	of	ADP
gp-317	354	26	return	return	NOUN
gp-317	354	27	on	on	ADP
gp-317	354	28	the	the	DET
gp-317	354	29	stock	stock	NOUN
gp-317	354	30	will	will	AUX
gp-317	354	31	also	also	ADV
gp-317	354	32	increase	increase	VERB
gp-317	354	33	.	.	PUNCT
gp-317	355	1	from	from	ADP
gp-317	355	2	the	the	DET
gp-317	355	3	overall	overall	ADJ
gp-317	355	4	results	result	NOUN
gp-317	355	5	of	of	ADP
gp-317	355	6	gmm	gmm	NOUN
gp-317	355	7	estimation	estimation	NOUN
gp-317	355	8	in	in	ADP
gp-317	355	9	this	this	DET
gp-317	355	10	study	study	NOUN
gp-317	355	11	,	,	PUNCT
gp-317	355	12	it	it	PRON
gp-317	355	13	is	be	AUX
gp-317	355	14	proven	prove	VERB
gp-317	355	15	that	that	PRON
gp-317	355	16	firm	firm	ADJ
gp-317	355	17	size	size	NOUN
gp-317	355	18	(	(	PUNCT
gp-317	355	19	size	size	NOUN
gp-317	355	20	)	)	PUNCT
gp-317	355	21	has	have	VERB
gp-317	355	22	a	a	DET
gp-317	355	23	positive	positive	ADJ
gp-317	355	24	and	and	CCONJ
gp-317	355	25	insignificant	insignificant	ADJ
gp-317	355	26	effect	effect	NOUN
gp-317	355	27	on	on	ADP
gp-317	355	28	stock	stock	NOUN
gp-317	355	29	returns	return	NOUN
gp-317	355	30	.	.	PUNCT
gp-317	356	1	this	this	PRON
gp-317	356	2	is	be	AUX
gp-317	356	3	in	in	ADP
gp-317	356	4	accordance	accordance	NOUN
gp-317	356	5	with	with	ADP
gp-317	356	6	the	the	DET
gp-317	356	7	hypothesis	hypothesis	NOUN
gp-317	356	8	proposed	propose	VERB
gp-317	356	9	and	and	CCONJ
gp-317	356	10	the	the	DET
gp-317	356	11	existing	exist	VERB
gp-317	356	12	theory	theory	NOUN
gp-317	356	13	,	,	PUNCT
gp-317	356	14	which	which	PRON
gp-317	356	15	refers	refer	VERB
gp-317	356	16	to	to	ADP
gp-317	356	17	the	the	DET
gp-317	356	18	conclusion	conclusion	NOUN
gp-317	356	19	that	that	SCONJ
gp-317	356	20	an	an	DET
gp-317	356	21	increase	increase	NOUN
gp-317	356	22	in	in	ADP
gp-317	356	23	firm	firm	ADJ
gp-317	356	24	size	size	NOUN
gp-317	356	25	will	will	AUX
gp-317	356	26	increase	increase	VERB
gp-317	356	27	the	the	DET
gp-317	356	28	level	level	NOUN
gp-317	356	29	of	of	ADP
gp-317	356	30	stock	stock	NOUN
gp-317	356	31	return	return	NOUN
gp-317	356	32	.	.	PUNCT
gp-317	357	1	and	and	CCONJ
gp-317	357	2	vice	vice	ADV
gp-317	357	3	versa	versa	ADV
gp-317	357	4	,	,	PUNCT
gp-317	357	5	when	when	SCONJ
gp-317	357	6	conditions	condition	NOUN
gp-317	357	7	decline	decline	VERB
gp-317	357	8	in	in	ADP
gp-317	357	9	size	size	NOUN
gp-317	357	10	,	,	PUNCT
gp-317	357	11	it	it	PRON
gp-317	357	12	will	will	AUX
gp-317	357	13	reduce	reduce	VERB
gp-317	357	14	the	the	DET
gp-317	357	15	stock	stock	NOUN
gp-317	357	16	return	return	NOUN
gp-317	357	17	level	level	NOUN
gp-317	357	18	of	of	ADP
gp-317	357	19	lq45	lq45	PROPN
gp-317	357	20	companies	company	NOUN
gp-317	357	21	on	on	ADP
gp-317	357	22	the	the	DET
gp-317	357	23	indonesia	indonesia	PROPN
gp-317	357	24	stock	stock	PROPN
gp-317	357	25	exchange	exchange	PROPN
gp-317	357	26	.	.	PUNCT
gp-317	358	1	however	however	ADV
gp-317	358	2	,	,	PUNCT
gp-317	358	3	the	the	DET
gp-317	358	4	results	result	NOUN
gp-317	358	5	of	of	ADP
gp-317	358	6	the	the	DET
gp-317	358	7	estimate	estimate	NOUN
gp-317	358	8	show	show	VERB
gp-317	358	9	that	that	DET
gp-317	358	10	size	size	NOUN
gp-317	358	11	has	have	VERB
gp-317	358	12	a	a	DET
gp-317	358	13	not	not	PART
gp-317	358	14	significant	significant	ADJ
gp-317	358	15	effect	effect	NOUN
gp-317	358	16	on	on	ADP
gp-317	358	17	stock	stock	NOUN
gp-317	358	18	returns	return	NOUN
gp-317	358	19	.	.	PUNCT
gp-317	359	1	this	this	PRON
gp-317	359	2	means	mean	VERB
gp-317	359	3	that	that	SCONJ
gp-317	359	4	the	the	DET
gp-317	359	5	increase	increase	NOUN
gp-317	359	6	and	and	CCONJ
gp-317	359	7	decrease	decrease	NOUN
gp-317	359	8	in	in	ADP
gp-317	359	9	size	size	NOUN
gp-317	359	10	can	can	AUX
gp-317	359	11	not	not	PART
gp-317	359	12	affect	affect	VERB
gp-317	359	13	the	the	DET
gp-317	359	14	rate	rate	NOUN
gp-317	359	15	of	of	ADP
gp-317	359	16	increase	increase	NOUN
gp-317	359	17	and	and	CCONJ
gp-317	359	18	decrease	decrease	NOUN
gp-317	359	19	in	in	ADP
gp-317	359	20	stock	stock	NOUN
gp-317	359	21	returns	return	NOUN
gp-317	359	22	in	in	ADP
gp-317	359	23	lq45	lq45	PROPN
gp-317	359	24	companies	company	NOUN
gp-317	359	25	on	on	ADP
gp-317	359	26	the	the	DET
gp-317	359	27	indonesia	indonesia	PROPN
gp-317	359	28	stock	stock	PROPN
gp-317	359	29	exchange	exchange	VERB
gp-317	359	30	the	the	DET
gp-317	359	31	influence	influence	NOUN
gp-317	359	32	of	of	ADP
gp-317	359	33	monetary	monetary	ADJ
gp-317	359	34	policy	policy	NOUN
gp-317	359	35	,	,	PUNCT
gp-317	359	36	macroeconomic	macroeconomic	ADJ
gp-317	359	37	variables	variable	NOUN
gp-317	359	38	,	,	PUNCT
gp-317	359	39	global	global	ADJ
gp-317	359	40	markets	market	NOUN
gp-317	359	41	,	,	PUNCT
gp-317	359	42	and	and	CCONJ
gp-317	359	43	internal	internal	ADJ
gp-317	359	44	company	company	NOUN
gp-317	359	45	factors	factor	NOUN
gp-317	359	46	on	on	ADP
gp-317	359	47	stock	stock	NOUN
gp-317	359	48	returns	return	NOUN
gp-317	359	49	of	of	ADP
gp-317	359	50	lq45	lq45	PROPN
gp-317	359	51	companies	company	NOUN
gp-317	359	52	on	on	ADP
gp-317	359	53	the	the	DET
gp-317	359	54	indonesian	indonesian	ADJ
gp-317	359	55	stock	stock	PROPN
gp-317	359	56	exchange	exchange	PROPN
gp-317	359	57	1709	1709	NUM
gp-317	359	58	the	the	DET
gp-317	359	59	effect	effect	NOUN
gp-317	359	60	of	of	ADP
gp-317	359	61	debt	debt	NOUN
gp-317	359	62	to	to	ADP
gp-317	359	63	equity	equity	NOUN
gp-317	359	64	ratio	ratio	NOUN
gp-317	359	65	on	on	ADP
gp-317	359	66	stock	stock	NOUN
gp-317	359	67	returns	return	NOUN
gp-317	359	68	based	base	VERB
gp-317	359	69	on	on	ADP
gp-317	359	70	the	the	DET
gp-317	359	71	results	result	NOUN
gp-317	359	72	of	of	ADP
gp-317	359	73	the	the	DET
gp-317	359	74	estimation	estimation	NOUN
gp-317	359	75	that	that	PRON
gp-317	359	76	has	have	AUX
gp-317	359	77	been	be	AUX
gp-317	359	78	carried	carry	VERB
gp-317	359	79	out	out	ADP
gp-317	359	80	,	,	PUNCT
gp-317	359	81	it	it	PRON
gp-317	359	82	is	be	AUX
gp-317	359	83	found	find	VERB
gp-317	359	84	that	that	SCONJ
gp-317	359	85	the	the	DET
gp-317	359	86	results	result	NOUN
gp-317	359	87	of	of	ADP
gp-317	359	88	the	the	DET
gp-317	359	89	gmm	gmm	PROPN
gp-317	359	90	estimation	estimation	NOUN
gp-317	359	91	test	test	NOUN
gp-317	359	92	for	for	ADP
gp-317	359	93	the	the	DET
gp-317	359	94	debt	debt	NOUN
gp-317	359	95	to	to	ADP
gp-317	359	96	equity	equity	NOUN
gp-317	359	97	ratio	ratio	NOUN
gp-317	359	98	(	(	PUNCT
gp-317	359	99	der	der	ADJ
gp-317	359	100	)	)	PUNCT
gp-317	359	101	variable	variable	NOUN
gp-317	359	102	have	have	VERB
gp-317	359	103	a	a	DET
gp-317	359	104	positive	positive	ADJ
gp-317	359	105	and	and	CCONJ
gp-317	359	106	significant	significant	ADJ
gp-317	359	107	influence	influence	NOUN
gp-317	359	108	on	on	ADP
gp-317	359	109	stock	stock	NOUN
gp-317	359	110	return	return	NOUN
gp-317	359	111	(	(	PUNCT
gp-317	359	112	sr	sr	PROPN
gp-317	359	113	)	)	PUNCT
gp-317	359	114	.	.	PUNCT
gp-317	360	1	the	the	DET
gp-317	360	2	coefficient	coefficient	NOUN
gp-317	360	3	value	value	NOUN
gp-317	360	4	is	be	AUX
gp-317	360	5	0.0260	0.0260	NUM
gp-317	360	6	to	to	ADP
gp-317	360	7	0.0342	0.0342	NUM
gp-317	360	8	which	which	PRON
gp-317	360	9	means	mean	VERB
gp-317	360	10	that	that	SCONJ
gp-317	360	11	every	every	DET
gp-317	360	12	increase	increase	NOUN
gp-317	360	13	in	in	ADP
gp-317	360	14	der	der	NOUN
gp-317	360	15	by	by	ADP
gp-317	360	16	one	one	NUM
gp-317	360	17	percent	percent	NOUN
gp-317	360	18	,	,	PUNCT
gp-317	360	19	will	will	AUX
gp-317	360	20	cause	cause	VERB
gp-317	360	21	a	a	DET
gp-317	360	22	significant	significant	ADJ
gp-317	360	23	increase	increase	NOUN
gp-317	360	24	in	in	ADP
gp-317	360	25	stock	stock	NOUN
gp-317	360	26	return	return	NOUN
gp-317	360	27	of	of	ADP
gp-317	360	28	0.0260	0.0260	NUM
gp-317	360	29	to	to	ADP
gp-317	360	30	0.0342	0.0342	NUM
gp-317	360	31	percent	percent	NOUN
gp-317	360	32	.	.	PUNCT
gp-317	361	1	the	the	DET
gp-317	361	2	results	result	NOUN
gp-317	361	3	of	of	ADP
gp-317	361	4	the	the	DET
gp-317	361	5	estimation	estimation	NOUN
gp-317	361	6	obtained	obtain	VERB
gp-317	361	7	in	in	ADP
gp-317	361	8	this	this	DET
gp-317	361	9	study	study	NOUN
gp-317	361	10	are	be	AUX
gp-317	361	11	in	in	ADP
gp-317	361	12	line	line	NOUN
gp-317	361	13	with	with	ADP
gp-317	361	14	the	the	DET
gp-317	361	15	results	result	NOUN
gp-317	361	16	of	of	ADP
gp-317	361	17	maulana	maulana	PROPN
gp-317	361	18	et	et	PROPN
gp-317	361	19	al	al	PROPN
gp-317	361	20	.	.	PROPN
gp-317	361	21	's	's	PART
gp-317	361	22	(	(	PUNCT
gp-317	361	23	2025	2025	NUM
gp-317	361	24	)	)	PUNCT
gp-317	361	25	research	research	NOUN
gp-317	361	26	shows	show	VERB
gp-317	361	27	that	that	SCONJ
gp-317	361	28	the	the	DET
gp-317	361	29	debt	debt	NOUN
gp-317	361	30	to	to	ADP
gp-317	361	31	equity	equity	NOUN
gp-317	361	32	ratio	ratio	NOUN
gp-317	361	33	has	have	VERB
gp-317	361	34	a	a	DET
gp-317	361	35	positive	positive	ADJ
gp-317	361	36	and	and	CCONJ
gp-317	361	37	significant	significant	ADJ
gp-317	361	38	effect	effect	NOUN
gp-317	361	39	on	on	ADP
gp-317	361	40	stock	stock	NOUN
gp-317	361	41	returns	return	NOUN
gp-317	361	42	,	,	PUNCT
gp-317	361	43	debt	debt	NOUN
gp-317	361	44	to	to	ADP
gp-317	361	45	equity	equity	NOUN
gp-317	361	46	is	be	AUX
gp-317	361	47	a	a	DET
gp-317	361	48	financial	financial	ADJ
gp-317	361	49	ratio	ratio	NOUN
gp-317	361	50	that	that	PRON
gp-317	361	51	compares	compare	VERB
gp-317	361	52	liabilities	liability	NOUN
gp-317	361	53	with	with	ADP
gp-317	361	54	equity	equity	NOUN
gp-317	361	55	to	to	PART
gp-317	361	56	measure	measure	VERB
gp-317	361	57	investment	investment	NOUN
gp-317	361	58	returns	return	NOUN
gp-317	361	59	in	in	ADP
gp-317	361	60	companies	company	NOUN
gp-317	361	61	.	.	PUNCT
gp-317	362	1	the	the	DET
gp-317	362	2	test	test	NOUN
gp-317	362	3	results	result	NOUN
gp-317	362	4	show	show	VERB
gp-317	362	5	that	that	SCONJ
gp-317	362	6	the	the	DET
gp-317	362	7	debt	debt	NOUN
gp-317	362	8	to	to	ADP
gp-317	362	9	equity	equity	NOUN
gp-317	362	10	ratio	ratio	NOUN
gp-317	362	11	has	have	VERB
gp-317	362	12	a	a	DET
gp-317	362	13	positive	positive	ADJ
gp-317	362	14	effect	effect	NOUN
gp-317	362	15	on	on	ADP
gp-317	362	16	stock	stock	NOUN
gp-317	362	17	returns	return	NOUN
gp-317	362	18	.	.	PUNCT
gp-317	363	1	this	this	DET
gp-317	363	2	condition	condition	NOUN
gp-317	363	3	shows	show	VERB
gp-317	363	4	the	the	DET
gp-317	363	5	percentage	percentage	NOUN
gp-317	363	6	of	of	ADP
gp-317	363	7	funds	fund	NOUN
gp-317	363	8	given	give	VERB
gp-317	363	9	by	by	ADP
gp-317	363	10	shareholders	shareholder	NOUN
gp-317	363	11	to	to	ADP
gp-317	363	12	the	the	DET
gp-317	363	13	lender	lender	NOUN
gp-317	363	14	.	.	PUNCT
gp-317	364	1	the	the	PRON
gp-317	364	2	higher	high	ADJ
gp-317	364	3	the	the	DET
gp-317	364	4	debt	debt	NOUN
gp-317	364	5	to	to	ADP
gp-317	364	6	equity	equity	NOUN
gp-317	364	7	ratio	ratio	NOUN
gp-317	364	8	,	,	PUNCT
gp-317	364	9	the	the	PRON
gp-317	364	10	lower	low	ADJ
gp-317	364	11	the	the	DET
gp-317	364	12	company	company	NOUN
gp-317	364	13	's	's	PART
gp-317	364	14	funding	funding	NOUN
gp-317	364	15	provided	provide	VERB
gp-317	364	16	by	by	ADP
gp-317	364	17	shareholders	shareholder	NOUN
gp-317	364	18	.	.	PUNCT
gp-317	365	1	from	from	ADP
gp-317	365	2	the	the	DET
gp-317	365	3	perspective	perspective	NOUN
gp-317	365	4	of	of	ADP
gp-317	365	5	the	the	DET
gp-317	365	6	ability	ability	NOUN
gp-317	365	7	to	to	PART
gp-317	365	8	pay	pay	VERB
gp-317	365	9	long	long	ADJ
gp-317	365	10	-	-	PUNCT
gp-317	365	11	term	term	NOUN
gp-317	365	12	liabilities	liability	NOUN
gp-317	365	13	,	,	PUNCT
gp-317	365	14	the	the	PRON
gp-317	365	15	lower	low	ADJ
gp-317	365	16	the	the	DET
gp-317	365	17	debt	debt	NOUN
gp-317	365	18	-	-	PUNCT
gp-317	365	19	to	to	ADP
gp-317	365	20	-	-	PUNCT
gp-317	365	21	equity	equity	NOUN
gp-317	365	22	ratio	ratio	NOUN
gp-317	365	23	,	,	PUNCT
gp-317	365	24	the	the	PRON
gp-317	365	25	better	well	ADJ
gp-317	365	26	the	the	DET
gp-317	365	27	company	company	NOUN
gp-317	365	28	's	's	PART
gp-317	365	29	ability	ability	NOUN
gp-317	365	30	to	to	PART
gp-317	365	31	pay	pay	VERB
gp-317	365	32	its	its	PRON
gp-317	365	33	long	long	ADJ
gp-317	365	34	-	-	PUNCT
gp-317	365	35	term	term	NOUN
gp-317	365	36	obligations	obligation	NOUN
gp-317	365	37	.	.	PUNCT
gp-317	366	1	this	this	PRON
gp-317	366	2	means	mean	VERB
gp-317	366	3	that	that	SCONJ
gp-317	366	4	an	an	DET
gp-317	366	5	increase	increase	NOUN
gp-317	366	6	in	in	ADP
gp-317	366	7	the	the	DET
gp-317	366	8	debt	debt	NOUN
gp-317	366	9	to	to	ADP
gp-317	366	10	equity	equity	NOUN
gp-317	366	11	ratio	ratio	NOUN
gp-317	366	12	will	will	AUX
gp-317	366	13	increase	increase	VERB
gp-317	366	14	stock	stock	NOUN
gp-317	366	15	returns	return	NOUN
gp-317	366	16	.	.	PUNCT
gp-317	367	1	with	with	ADP
gp-317	367	2	increased	increase	VERB
gp-317	367	3	profits	profit	NOUN
gp-317	367	4	,	,	PUNCT
gp-317	367	5	the	the	DET
gp-317	367	6	company	company	NOUN
gp-317	367	7	is	be	AUX
gp-317	367	8	able	able	ADJ
gp-317	367	9	to	to	PART
gp-317	367	10	pay	pay	VERB
gp-317	367	11	off	off	ADP
gp-317	367	12	the	the	DET
gp-317	367	13	borrowed	borrow	VERB
gp-317	367	14	debt	debt	NOUN
gp-317	367	15	and	and	CCONJ
gp-317	367	16	the	the	DET
gp-317	367	17	remaining	remain	VERB
gp-317	367	18	debt	debt	NOUN
gp-317	367	19	payments	payment	NOUN
gp-317	367	20	will	will	AUX
gp-317	367	21	increase	increase	VERB
gp-317	367	22	the	the	DET
gp-317	367	23	company	company	NOUN
gp-317	367	24	's	's	PART
gp-317	367	25	capital	capital	NOUN
gp-317	367	26	and	and	CCONJ
gp-317	367	27	this	this	PRON
gp-317	367	28	will	will	AUX
gp-317	367	29	attract	attract	VERB
gp-317	367	30	investors	investor	NOUN
gp-317	367	31	to	to	PART
gp-317	367	32	invest	invest	VERB
gp-317	367	33	their	their	PRON
gp-317	367	34	capital	capital	NOUN
gp-317	367	35	because	because	SCONJ
gp-317	367	36	the	the	DET
gp-317	367	37	company	company	NOUN
gp-317	367	38	is	be	AUX
gp-317	367	39	considered	consider	VERB
gp-317	367	40	to	to	PART
gp-317	367	41	have	have	VERB
gp-317	367	42	good	good	ADJ
gp-317	367	43	performance	performance	NOUN
gp-317	367	44	.	.	PUNCT
gp-317	368	1	this	this	DET
gp-317	368	2	result	result	NOUN
gp-317	368	3	is	be	AUX
gp-317	368	4	in	in	ADP
gp-317	368	5	line	line	NOUN
gp-317	368	6	with	with	ADP
gp-317	368	7	the	the	DET
gp-317	368	8	et	et	PROPN
gp-317	368	9	al	al	PROPN
gp-317	368	10	.	.	PROPN
gp-317	369	1	(	(	PUNCT
gp-317	369	2	2022	2022	NUM
gp-317	369	3	)	)	PUNCT
gp-317	369	4	research	research	NOUN
gp-317	369	5	which	which	PRON
gp-317	369	6	shows	show	VERB
gp-317	369	7	that	that	SCONJ
gp-317	369	8	the	the	DET
gp-317	369	9	debt	debt	NOUN
gp-317	369	10	to	to	ADP
gp-317	369	11	equity	equity	NOUN
gp-317	369	12	ratio	ratio	NOUN
gp-317	369	13	has	have	VERB
gp-317	369	14	a	a	DET
gp-317	369	15	positive	positive	ADJ
gp-317	369	16	and	and	CCONJ
gp-317	369	17	significant	significant	ADJ
gp-317	369	18	effect	effect	NOUN
gp-317	369	19	on	on	ADP
gp-317	369	20	stock	stock	NOUN
gp-317	369	21	returns	return	NOUN
gp-317	369	22	.	.	PUNCT
gp-317	370	1	the	the	DET
gp-317	370	2	results	result	NOUN
gp-317	370	3	of	of	ADP
gp-317	370	4	the	the	DET
gp-317	370	5	study	study	NOUN
gp-317	370	6	show	show	VERB
gp-317	370	7	that	that	SCONJ
gp-317	370	8	der	der	NOUN
gp-317	370	9	has	have	VERB
gp-317	370	10	a	a	DET
gp-317	370	11	positive	positive	ADJ
gp-317	370	12	influence	influence	NOUN
gp-317	370	13	on	on	ADP
gp-317	370	14	stock	stock	NOUN
gp-317	370	15	returns	return	NOUN
gp-317	370	16	.	.	PUNCT
gp-317	371	1	this	this	PRON
gp-317	371	2	reflects	reflect	VERB
gp-317	371	3	that	that	SCONJ
gp-317	371	4	with	with	ADP
gp-317	371	5	the	the	DET
gp-317	371	6	use	use	NOUN
gp-317	371	7	of	of	ADP
gp-317	371	8	debt	debt	NOUN
gp-317	371	9	,	,	PUNCT
gp-317	371	10	the	the	DET
gp-317	371	11	company	company	NOUN
gp-317	371	12	is	be	AUX
gp-317	371	13	able	able	ADJ
gp-317	371	14	to	to	PART
gp-317	371	15	make	make	VERB
gp-317	371	16	optimal	optimal	ADJ
gp-317	371	17	use	use	NOUN
gp-317	371	18	of	of	ADP
gp-317	371	19	it	it	PRON
gp-317	371	20	,	,	PUNCT
gp-317	371	21	so	so	SCONJ
gp-317	371	22	that	that	SCONJ
gp-317	371	23	there	there	PRON
gp-317	371	24	is	be	VERB
gp-317	371	25	a	a	DET
gp-317	371	26	profit	profit	NOUN
gp-317	371	27	and	and	CCONJ
gp-317	371	28	return	return	NOUN
gp-317	371	29	generated	generate	VERB
gp-317	371	30	that	that	PRON
gp-317	371	31	is	be	AUX
gp-317	371	32	greater	great	ADJ
gp-317	371	33	than	than	ADP
gp-317	371	34	using	use	VERB
gp-317	371	35	its	its	PRON
gp-317	371	36	own	own	ADJ
gp-317	371	37	capital	capital	NOUN
gp-317	371	38	.	.	PUNCT
gp-317	372	1	from	from	ADP
gp-317	372	2	the	the	DET
gp-317	372	3	overall	overall	ADJ
gp-317	372	4	results	result	NOUN
gp-317	372	5	of	of	ADP
gp-317	372	6	gmm	gmm	NOUN
gp-317	372	7	estimation	estimation	NOUN
gp-317	372	8	in	in	ADP
gp-317	372	9	this	this	DET
gp-317	372	10	study	study	NOUN
gp-317	372	11	,	,	PUNCT
gp-317	372	12	it	it	PRON
gp-317	372	13	is	be	AUX
gp-317	372	14	proven	prove	VERB
gp-317	372	15	that	that	SCONJ
gp-317	372	16	the	the	DET
gp-317	372	17	debt	debt	NOUN
gp-317	372	18	to	to	ADP
gp-317	372	19	equity	equity	NOUN
gp-317	372	20	ratio	ratio	NOUN
gp-317	372	21	(	(	PUNCT
gp-317	372	22	der	der	NOUN
gp-317	372	23	)	)	PUNCT
gp-317	372	24	has	have	VERB
gp-317	372	25	a	a	DET
gp-317	372	26	significant	significant	ADJ
gp-317	372	27	positive	positive	ADJ
gp-317	372	28	influence	influence	NOUN
gp-317	372	29	on	on	ADP
gp-317	372	30	stock	stock	NOUN
gp-317	372	31	returns	return	NOUN
gp-317	372	32	.	.	PUNCT
gp-317	373	1	this	this	PRON
gp-317	373	2	is	be	AUX
gp-317	373	3	in	in	ADP
gp-317	373	4	accordance	accordance	NOUN
gp-317	373	5	with	with	ADP
gp-317	373	6	the	the	DET
gp-317	373	7	hypothesis	hypothesis	NOUN
gp-317	373	8	proposed	propose	VERB
gp-317	373	9	and	and	CCONJ
gp-317	373	10	the	the	DET
gp-317	373	11	existing	exist	VERB
gp-317	373	12	theory	theory	NOUN
gp-317	373	13	,	,	PUNCT
gp-317	373	14	which	which	PRON
gp-317	373	15	refers	refer	VERB
gp-317	373	16	to	to	ADP
gp-317	373	17	the	the	DET
gp-317	373	18	conclusion	conclusion	NOUN
gp-317	373	19	that	that	SCONJ
gp-317	373	20	an	an	DET
gp-317	373	21	increase	increase	NOUN
gp-317	373	22	in	in	ADP
gp-317	373	23	der	der	NOUN
gp-317	373	24	,	,	PUNCT
gp-317	373	25	there	there	PRON
gp-317	373	26	will	will	AUX
gp-317	373	27	be	be	AUX
gp-317	373	28	an	an	DET
gp-317	373	29	increase	increase	NOUN
gp-317	373	30	in	in	ADP
gp-317	373	31	the	the	DET
gp-317	373	32	level	level	NOUN
gp-317	373	33	of	of	ADP
gp-317	373	34	stock	stock	NOUN
gp-317	373	35	return	return	NOUN
gp-317	373	36	.	.	PUNCT
gp-317	374	1	and	and	CCONJ
gp-317	374	2	vice	vice	ADV
gp-317	374	3	versa	versa	ADV
gp-317	374	4	,	,	PUNCT
gp-317	374	5	when	when	SCONJ
gp-317	374	6	conditions	condition	NOUN
gp-317	374	7	are	be	AUX
gp-317	374	8	down	down	ADV
gp-317	374	9	,	,	PUNCT
gp-317	374	10	it	it	PRON
gp-317	374	11	will	will	AUX
gp-317	374	12	reduce	reduce	VERB
gp-317	374	13	the	the	DET
gp-317	374	14	stock	stock	NOUN
gp-317	374	15	return	return	NOUN
gp-317	374	16	rate	rate	NOUN
gp-317	374	17	in	in	ADP
gp-317	374	18	lq45	lq45	PROPN
gp-317	374	19	companies	company	NOUN
gp-317	374	20	on	on	ADP
gp-317	374	21	the	the	DET
gp-317	374	22	indonesia	indonesia	PROPN
gp-317	374	23	stock	stock	PROPN
gp-317	374	24	exchange	exchange	PROPN
gp-317	374	25	.	.	PUNCT
gp-317	375	1	the	the	DET
gp-317	375	2	effect	effect	NOUN
gp-317	375	3	of	of	ADP
gp-317	375	4	return	return	NOUN
gp-317	375	5	on	on	ADP
gp-317	375	6	assets	asset	NOUN
gp-317	375	7	on	on	ADP
gp-317	375	8	stock	stock	NOUN
gp-317	375	9	returns	return	NOUN
gp-317	375	10	based	base	VERB
gp-317	375	11	on	on	ADP
gp-317	375	12	the	the	DET
gp-317	375	13	results	result	NOUN
gp-317	375	14	of	of	ADP
gp-317	375	15	the	the	DET
gp-317	375	16	estimation	estimation	NOUN
gp-317	375	17	that	that	PRON
gp-317	375	18	has	have	AUX
gp-317	375	19	been	be	AUX
gp-317	375	20	carried	carry	VERB
gp-317	375	21	out	out	ADP
gp-317	375	22	,	,	PUNCT
gp-317	375	23	it	it	PRON
gp-317	375	24	is	be	AUX
gp-317	375	25	found	find	VERB
gp-317	375	26	that	that	SCONJ
gp-317	375	27	the	the	DET
gp-317	375	28	results	result	NOUN
gp-317	375	29	of	of	ADP
gp-317	375	30	the	the	DET
gp-317	375	31	gmm	gmm	PROPN
gp-317	375	32	estimation	estimation	NOUN
gp-317	375	33	test	test	NOUN
gp-317	375	34	for	for	ADP
gp-317	375	35	the	the	DET
gp-317	375	36	return	return	NOUN
gp-317	375	37	on	on	ADP
gp-317	375	38	assets	asset	NOUN
gp-317	375	39	(	(	PUNCT
gp-317	375	40	roa	roa	NOUN
gp-317	375	41	)	)	PUNCT
gp-317	375	42	variable	variable	NOUN
gp-317	375	43	have	have	VERB
gp-317	375	44	a	a	DET
gp-317	375	45	positive	positive	ADJ
gp-317	375	46	and	and	CCONJ
gp-317	375	47	insignificant	insignificant	ADJ
gp-317	375	48	effect	effect	NOUN
gp-317	375	49	on	on	ADP
gp-317	375	50	stock	stock	NOUN
gp-317	375	51	return	return	NOUN
gp-317	375	52	(	(	PUNCT
gp-317	375	53	sr	sr	PROPN
gp-317	375	54	)	)	PUNCT
gp-317	375	55	.	.	PUNCT
gp-317	376	1	the	the	DET
gp-317	376	2	coefficient	coefficient	NOUN
gp-317	376	3	value	value	NOUN
gp-317	376	4	is	be	AUX
gp-317	376	5	0.0579	0.0579	NUM
gp-317	376	6	to	to	ADP
gp-317	376	7	0.2166	0.2166	NUM
gp-317	376	8	which	which	PRON
gp-317	376	9	means	mean	VERB
gp-317	376	10	that	that	SCONJ
gp-317	376	11	every	every	DET
gp-317	376	12	increase	increase	NOUN
gp-317	376	13	in	in	ADP
gp-317	376	14	roa	roa	NOUN
gp-317	376	15	of	of	ADP
gp-317	376	16	one	one	NUM
gp-317	376	17	percent	percent	NOUN
gp-317	376	18	,	,	PUNCT
gp-317	376	19	will	will	AUX
gp-317	376	20	cause	cause	VERB
gp-317	376	21	an	an	DET
gp-317	376	22	increase	increase	NOUN
gp-317	376	23	and	and	CCONJ
gp-317	376	24	not	not	PART
gp-317	376	25	consistently	consistently	ADV
gp-317	376	26	cause	cause	VERB
gp-317	376	27	significant	significant	ADJ
gp-317	376	28	changes	change	NOUN
gp-317	376	29	in	in	ADP
gp-317	376	30	stock	stock	NOUN
gp-317	376	31	return	return	NOUN
gp-317	376	32	of	of	ADP
gp-317	376	33	0.06	0.06	NUM
gp-317	376	34	to	to	PART
gp-317	376	35	0.22	0.22	NUM
gp-317	376	36	percent	percent	NOUN
gp-317	376	37	.	.	PUNCT
gp-317	377	1	the	the	DET
gp-317	377	2	results	result	NOUN
gp-317	377	3	of	of	ADP
gp-317	377	4	the	the	DET
gp-317	377	5	estimation	estimation	NOUN
gp-317	377	6	obtained	obtain	VERB
gp-317	377	7	in	in	ADP
gp-317	377	8	this	this	DET
gp-317	377	9	study	study	NOUN
gp-317	377	10	are	be	AUX
gp-317	377	11	in	in	ADP
gp-317	377	12	line	line	NOUN
gp-317	377	13	with	with	ADP
gp-317	377	14	the	the	DET
gp-317	377	15	results	result	NOUN
gp-317	377	16	of	of	ADP
gp-317	377	17	the	the	DET
gp-317	377	18	research	research	NOUN
gp-317	377	19	of	of	ADP
gp-317	377	20	tiarawati	tiarawati	NOUN
gp-317	377	21	&	&	CCONJ
gp-317	377	22	hertina	hertina	PROPN
gp-317	377	23	(	(	PUNCT
gp-317	377	24	2024	2024	NUM
gp-317	377	25	)	)	PUNCT
gp-317	377	26	showing	show	VERB
gp-317	377	27	that	that	SCONJ
gp-317	377	28	the	the	DET
gp-317	377	29	results	result	NOUN
gp-317	377	30	that	that	PRON
gp-317	377	31	return	return	VERB
gp-317	377	32	on	on	ADP
gp-317	377	33	assets	asset	NOUN
gp-317	377	34	(	(	PUNCT
gp-317	377	35	roa	roa	NOUN
gp-317	377	36	)	)	PUNCT
gp-317	377	37	has	have	VERB
gp-317	377	38	a	a	DET
gp-317	377	39	positive	positive	ADJ
gp-317	377	40	influence	influence	NOUN
gp-317	377	41	on	on	ADP
gp-317	377	42	stock	stock	NOUN
gp-317	377	43	returns	return	NOUN
gp-317	377	44	.	.	PUNCT
gp-317	378	1	the	the	PRON
gp-317	378	2	higher	high	ADJ
gp-317	378	3	the	the	DET
gp-317	378	4	level	level	NOUN
gp-317	378	5	of	of	ADP
gp-317	378	6	financial	financial	ADJ
gp-317	378	7	profitability	profitability	NOUN
gp-317	378	8	of	of	ADP
gp-317	378	9	the	the	DET
gp-317	378	10	company	company	NOUN
gp-317	378	11	,	,	PUNCT
gp-317	378	12	the	the	PRON
gp-317	378	13	stronger	strong	ADJ
gp-317	378	14	the	the	DET
gp-317	378	15	company	company	NOUN
gp-317	378	16	's	's	PART
gp-317	378	17	ability	ability	NOUN
gp-317	378	18	to	to	PART
gp-317	378	19	make	make	VERB
gp-317	378	20	a	a	DET
gp-317	378	21	profit	profit	NOUN
gp-317	378	22	,	,	PUNCT
gp-317	378	23	the	the	PRON
gp-317	378	24	higher	high	ADJ
gp-317	378	25	the	the	DET
gp-317	378	26	level	level	NOUN
gp-317	378	27	of	of	ADP
gp-317	378	28	investor	investor	NOUN
gp-317	378	29	confidence	confidence	NOUN
gp-317	378	30	which	which	PRON
gp-317	378	31	affects	affect	VERB
gp-317	378	32	the	the	DET
gp-317	378	33	high	high	ADJ
gp-317	378	34	demand	demand	NOUN
gp-317	378	35	for	for	ADP
gp-317	378	36	company	company	NOUN
gp-317	378	37	shares	share	NOUN
gp-317	378	38	in	in	ADP
gp-317	378	39	the	the	DET
gp-317	378	40	capital	capital	NOUN
gp-317	378	41	market	market	NOUN
gp-317	378	42	which	which	PRON
gp-317	378	43	directly	directly	ADV
gp-317	378	44	affects	affect	VERB
gp-317	378	45	the	the	DET
gp-317	378	46	high	high	ADJ
gp-317	378	47	stock	stock	NOUN
gp-317	378	48	return	return	NOUN
gp-317	378	49	.	.	PUNCT
gp-317	379	1	the	the	DET
gp-317	379	2	results	result	NOUN
gp-317	379	3	of	of	ADP
gp-317	379	4	this	this	DET
gp-317	379	5	estimate	estimate	NOUN
gp-317	379	6	are	be	AUX
gp-317	379	7	also	also	ADV
gp-317	379	8	in	in	ADP
gp-317	379	9	line	line	NOUN
gp-317	379	10	with	with	ADP
gp-317	379	11	the	the	DET
gp-317	379	12	research	research	NOUN
gp-317	379	13	of	of	ADP
gp-317	379	14	oladutire	oladutire	NOUN
gp-317	379	15	&	&	CCONJ
gp-317	379	16	agbaje	agbaje	NOUN
gp-317	379	17	(	(	PUNCT
gp-317	379	18	2019	2019	NUM
gp-317	379	19	)	)	PUNCT
gp-317	379	20	,	,	PUNCT
gp-317	379	21	showing	show	VERB
gp-317	379	22	that	that	DET
gp-317	379	23	return	return	NOUN
gp-317	379	24	on	on	ADP
gp-317	379	25	assets	asset	NOUN
gp-317	379	26	(	(	PUNCT
gp-317	379	27	roa	roa	NOUN
gp-317	379	28	)	)	PUNCT
gp-317	379	29	has	have	VERB
gp-317	379	30	a	a	DET
gp-317	379	31	insignificant	insignificant	ADJ
gp-317	379	32	effect	effect	NOUN
gp-317	379	33	on	on	ADP
gp-317	379	34	stock	stock	NOUN
gp-317	379	35	returns	return	NOUN
gp-317	379	36	.	.	PUNCT
gp-317	380	1	this	this	DET
gp-317	380	2	condition	condition	NOUN
gp-317	380	3	illustrates	illustrate	VERB
gp-317	380	4	that	that	SCONJ
gp-317	380	5	,	,	PUNCT
gp-317	380	6	although	although	SCONJ
gp-317	380	7	the	the	DET
gp-317	380	8	average	average	ADJ
gp-317	380	9	company	company	NOUN
gp-317	380	10	's	's	PART
gp-317	380	11	profit	profit	NOUN
gp-317	380	12	continues	continue	VERB
gp-317	380	13	to	to	PART
gp-317	380	14	increase	increase	VERB
gp-317	380	15	every	every	DET
gp-317	380	16	year	year	NOUN
gp-317	380	17	,	,	PUNCT
gp-317	380	18	this	this	PRON
gp-317	380	19	is	be	AUX
gp-317	380	20	not	not	PART
gp-317	380	21	necessarily	necessarily	ADV
gp-317	380	22	followed	follow	VERB
gp-317	380	23	by	by	ADP
gp-317	380	24	a	a	DET
gp-317	380	25	high	high	ADJ
gp-317	380	26	return	return	NOUN
gp-317	380	27	on	on	ADP
gp-317	380	28	assets	asset	NOUN
gp-317	380	29	.	.	PUNCT
gp-317	381	1	this	this	PRON
gp-317	381	2	happens	happen	VERB
gp-317	381	3	because	because	SCONJ
gp-317	381	4	the	the	DET
gp-317	381	5	high	high	ADJ
gp-317	381	6	value	value	NOUN
gp-317	381	7	of	of	ADP
gp-317	381	8	the	the	DET
gp-317	381	9	assets	asset	NOUN
gp-317	381	10	stored	store	VERB
gp-317	381	11	in	in	ADP
gp-317	381	12	the	the	DET
gp-317	381	13	company	company	NOUN
gp-317	381	14	is	be	AUX
gp-317	381	15	not	not	PART
gp-317	381	16	followed	follow	VERB
gp-317	381	17	by	by	ADP
gp-317	381	18	an	an	DET
gp-317	381	19	increase	increase	NOUN
gp-317	381	20	in	in	ADP
gp-317	381	21	the	the	DET
gp-317	381	22	company	company	NOUN
gp-317	381	23	's	's	PART
gp-317	381	24	assets	asset	NOUN
gp-317	381	25	to	to	PART
gp-317	381	26	generate	generate	VERB
gp-317	381	27	profits	profit	NOUN
gp-317	381	28	.	.	PUNCT
gp-317	382	1	roa	roa	PROPN
gp-317	382	2	only	only	ADV
gp-317	382	3	displays	display	VERB
gp-317	382	4	the	the	DET
gp-317	382	5	effectiveness	effectiveness	NOUN
gp-317	382	6	of	of	ADP
gp-317	382	7	the	the	DET
gp-317	382	8	company	company	NOUN
gp-317	382	9	by	by	ADP
gp-317	382	10	using	use	VERB
gp-317	382	11	the	the	DET
gp-317	382	12	company	company	NOUN
gp-317	382	13	's	's	PART
gp-317	382	14	the	the	DET
gp-317	382	15	influence	influence	NOUN
gp-317	382	16	of	of	ADP
gp-317	382	17	monetary	monetary	ADJ
gp-317	382	18	policy	policy	NOUN
gp-317	382	19	,	,	PUNCT
gp-317	382	20	macroeconomic	macroeconomic	ADJ
gp-317	382	21	variables	variable	NOUN
gp-317	382	22	,	,	PUNCT
gp-317	382	23	global	global	ADJ
gp-317	382	24	markets	market	NOUN
gp-317	382	25	,	,	PUNCT
gp-317	382	26	and	and	CCONJ
gp-317	382	27	internal	internal	ADJ
gp-317	382	28	company	company	NOUN
gp-317	382	29	factors	factor	NOUN
gp-317	382	30	on	on	ADP
gp-317	382	31	stock	stock	NOUN
gp-317	382	32	returns	return	NOUN
gp-317	382	33	of	of	ADP
gp-317	382	34	lq45	lq45	PROPN
gp-317	382	35	companies	company	NOUN
gp-317	382	36	on	on	ADP
gp-317	382	37	the	the	DET
gp-317	382	38	indonesian	indonesian	ADJ
gp-317	382	39	stock	stock	PROPN
gp-317	382	40	exchange	exchange	PROPN
gp-317	382	41	1710	1710	NUM
gp-317	382	42	operations	operation	NOUN
gp-317	382	43	as	as	ADP
gp-317	382	44	a	a	DET
gp-317	382	45	whole	whole	NOUN
gp-317	382	46	.	.	PUNCT
gp-317	383	1	in	in	ADP
gp-317	383	2	addition	addition	NOUN
gp-317	383	3	,	,	PUNCT
gp-317	383	4	roa	roa	PROPN
gp-317	383	5	is	be	AUX
gp-317	383	6	rarely	rarely	ADV
gp-317	383	7	a	a	DET
gp-317	383	8	consideration	consideration	NOUN
gp-317	383	9	for	for	ADP
gp-317	383	10	investors	investor	NOUN
gp-317	383	11	because	because	SCONJ
gp-317	383	12	investors	investor	NOUN
gp-317	383	13	pay	pay	VERB
gp-317	383	14	more	more	ADJ
gp-317	383	15	attention	attention	NOUN
gp-317	383	16	to	to	ADP
gp-317	383	17	the	the	DET
gp-317	383	18	indicators	indicator	NOUN
gp-317	383	19	of	of	ADP
gp-317	383	20	each	each	DET
gp-317	383	21	stock	stock	NOUN
gp-317	383	22	to	to	PART
gp-317	383	23	predict	predict	VERB
gp-317	383	24	stock	stock	NOUN
gp-317	383	25	price	price	NOUN
gp-317	383	26	movements	movement	NOUN
gp-317	383	27	.	.	PUNCT
gp-317	384	1	from	from	ADP
gp-317	384	2	the	the	DET
gp-317	384	3	overall	overall	ADJ
gp-317	384	4	results	result	NOUN
gp-317	384	5	of	of	ADP
gp-317	384	6	gmm	gmm	NOUN
gp-317	384	7	estimation	estimation	NOUN
gp-317	384	8	in	in	ADP
gp-317	384	9	this	this	DET
gp-317	384	10	study	study	NOUN
gp-317	384	11	,	,	PUNCT
gp-317	384	12	it	it	PRON
gp-317	384	13	proves	prove	VERB
gp-317	384	14	that	that	SCONJ
gp-317	384	15	return	return	NOUN
gp-317	384	16	on	on	ADP
gp-317	384	17	assets	asset	NOUN
gp-317	384	18	(	(	PUNCT
gp-317	384	19	roa	roa	NOUN
gp-317	384	20	)	)	PUNCT
gp-317	384	21	has	have	VERB
gp-317	384	22	a	a	DET
gp-317	384	23	positive	positive	ADJ
gp-317	384	24	and	and	CCONJ
gp-317	384	25	insignificant	insignificant	ADJ
gp-317	384	26	influence	influence	NOUN
gp-317	384	27	on	on	ADP
gp-317	384	28	stock	stock	NOUN
gp-317	384	29	returns	return	NOUN
gp-317	384	30	.	.	PUNCT
gp-317	385	1	this	this	PRON
gp-317	385	2	is	be	AUX
gp-317	385	3	in	in	ADP
gp-317	385	4	accordance	accordance	NOUN
gp-317	385	5	with	with	ADP
gp-317	385	6	the	the	DET
gp-317	385	7	hypothesis	hypothesis	NOUN
gp-317	385	8	proposed	propose	VERB
gp-317	385	9	and	and	CCONJ
gp-317	385	10	the	the	DET
gp-317	385	11	existing	exist	VERB
gp-317	385	12	theory	theory	NOUN
gp-317	385	13	,	,	PUNCT
gp-317	385	14	which	which	PRON
gp-317	385	15	refers	refer	VERB
gp-317	385	16	to	to	ADP
gp-317	385	17	the	the	DET
gp-317	385	18	conclusion	conclusion	NOUN
gp-317	385	19	that	that	SCONJ
gp-317	385	20	an	an	DET
gp-317	385	21	increase	increase	NOUN
gp-317	385	22	in	in	ADP
gp-317	385	23	roa	roa	PROPN
gp-317	385	24	,	,	PUNCT
gp-317	385	25	there	there	PRON
gp-317	385	26	will	will	AUX
gp-317	385	27	be	be	AUX
gp-317	385	28	an	an	DET
gp-317	385	29	increase	increase	NOUN
gp-317	385	30	in	in	ADP
gp-317	385	31	the	the	DET
gp-317	385	32	level	level	NOUN
gp-317	385	33	of	of	ADP
gp-317	385	34	stock	stock	NOUN
gp-317	385	35	return	return	NOUN
gp-317	385	36	.	.	PUNCT
gp-317	386	1	and	and	CCONJ
gp-317	386	2	vice	vice	ADV
gp-317	386	3	versa	versa	ADV
gp-317	386	4	,	,	PUNCT
gp-317	386	5	when	when	SCONJ
gp-317	386	6	the	the	DET
gp-317	386	7	condition	condition	NOUN
gp-317	386	8	of	of	ADP
gp-317	386	9	the	the	DET
gp-317	386	10	roa	roa	NOUN
gp-317	386	11	decreases	decrease	VERB
gp-317	386	12	,	,	PUNCT
gp-317	386	13	it	it	PRON
gp-317	386	14	will	will	AUX
gp-317	386	15	reduce	reduce	VERB
gp-317	386	16	the	the	DET
gp-317	386	17	stock	stock	NOUN
gp-317	386	18	return	return	NOUN
gp-317	386	19	rate	rate	NOUN
gp-317	386	20	of	of	ADP
gp-317	386	21	the	the	DET
gp-317	386	22	lq45	lq45	PROPN
gp-317	386	23	company	company	NOUN
gp-317	386	24	on	on	ADP
gp-317	386	25	the	the	DET
gp-317	386	26	indonesia	indonesia	PROPN
gp-317	386	27	stock	stock	PROPN
gp-317	386	28	exchange	exchange	PROPN
gp-317	386	29	.	.	PUNCT
gp-317	387	1	however	however	ADV
gp-317	387	2	,	,	PUNCT
gp-317	387	3	the	the	DET
gp-317	387	4	results	result	NOUN
gp-317	387	5	of	of	ADP
gp-317	387	6	the	the	DET
gp-317	387	7	estimate	estimate	NOUN
gp-317	387	8	show	show	VERB
gp-317	387	9	that	that	SCONJ
gp-317	387	10	roa	roa	PROPN
gp-317	387	11	has	have	VERB
gp-317	387	12	a	a	DET
gp-317	387	13	insignificant	insignificant	ADJ
gp-317	387	14	effect	effect	NOUN
gp-317	387	15	on	on	ADP
gp-317	387	16	stock	stock	NOUN
gp-317	387	17	returns	return	NOUN
gp-317	387	18	.	.	PUNCT
gp-317	388	1	this	this	PRON
gp-317	388	2	means	mean	VERB
gp-317	388	3	that	that	SCONJ
gp-317	388	4	the	the	DET
gp-317	388	5	increase	increase	NOUN
gp-317	388	6	and	and	CCONJ
gp-317	388	7	decrease	decrease	NOUN
gp-317	388	8	in	in	ADP
gp-317	388	9	der	der	NOUN
gp-317	388	10	can	can	AUX
gp-317	388	11	not	not	PART
gp-317	388	12	affect	affect	VERB
gp-317	388	13	the	the	DET
gp-317	388	14	rate	rate	NOUN
gp-317	388	15	of	of	ADP
gp-317	388	16	increase	increase	NOUN
gp-317	388	17	and	and	CCONJ
gp-317	388	18	decrease	decrease	NOUN
gp-317	388	19	in	in	ADP
gp-317	388	20	the	the	DET
gp-317	388	21	return	return	NOUN
gp-317	388	22	of	of	ADP
gp-317	388	23	shares	share	NOUN
gp-317	388	24	in	in	ADP
gp-317	388	25	lq45	lq45	PROPN
gp-317	388	26	companies	company	NOUN
gp-317	388	27	on	on	ADP
gp-317	388	28	the	the	DET
gp-317	388	29	indonesia	indonesia	PROPN
gp-317	388	30	stock	stock	PROPN
gp-317	388	31	exchange	exchange	PROPN
gp-317	388	32	.	.	PUNCT
gp-317	389	1	the	the	DET
gp-317	389	2	effect	effect	NOUN
gp-317	389	3	of	of	ADP
gp-317	389	4	return	return	NOUN
gp-317	389	5	on	on	ADP
gp-317	389	6	equity	equity	NOUN
gp-317	389	7	on	on	ADP
gp-317	389	8	stock	stock	NOUN
gp-317	389	9	returns	return	NOUN
gp-317	389	10	based	base	VERB
gp-317	389	11	on	on	ADP
gp-317	389	12	the	the	DET
gp-317	389	13	results	result	NOUN
gp-317	389	14	of	of	ADP
gp-317	389	15	the	the	DET
gp-317	389	16	estimation	estimation	NOUN
gp-317	389	17	that	that	PRON
gp-317	389	18	has	have	AUX
gp-317	389	19	been	be	AUX
gp-317	389	20	carried	carry	VERB
gp-317	389	21	out	out	ADP
gp-317	389	22	,	,	PUNCT
gp-317	389	23	it	it	PRON
gp-317	389	24	is	be	AUX
gp-317	389	25	found	find	VERB
gp-317	389	26	that	that	SCONJ
gp-317	389	27	the	the	DET
gp-317	389	28	results	result	NOUN
gp-317	389	29	of	of	ADP
gp-317	389	30	the	the	DET
gp-317	389	31	gmm	gmm	PROPN
gp-317	389	32	estimation	estimation	NOUN
gp-317	389	33	test	test	NOUN
gp-317	389	34	for	for	ADP
gp-317	389	35	the	the	DET
gp-317	389	36	return	return	NOUN
gp-317	389	37	on	on	ADP
gp-317	389	38	equity	equity	NOUN
gp-317	389	39	(	(	PUNCT
gp-317	389	40	roe	roe	NOUN
gp-317	389	41	)	)	PUNCT
gp-317	389	42	variable	variable	NOUN
gp-317	389	43	have	have	VERB
gp-317	389	44	a	a	DET
gp-317	389	45	positive	positive	ADJ
gp-317	389	46	and	and	CCONJ
gp-317	389	47	insignificant	insignificant	ADJ
gp-317	389	48	influence	influence	NOUN
gp-317	389	49	on	on	ADP
gp-317	389	50	stock	stock	NOUN
gp-317	389	51	return	return	NOUN
gp-317	389	52	(	(	PUNCT
gp-317	389	53	sr	sr	PROPN
gp-317	389	54	)	)	PUNCT
gp-317	389	55	.	.	PUNCT
gp-317	390	1	the	the	DET
gp-317	390	2	coefficient	coefficient	NOUN
gp-317	390	3	value	value	NOUN
gp-317	390	4	is	be	AUX
gp-317	390	5	0.0090	0.0090	NUM
gp-317	390	6	to	to	ADP
gp-317	390	7	0.0404	0.0404	NUM
gp-317	390	8	which	which	PRON
gp-317	390	9	means	mean	VERB
gp-317	390	10	that	that	SCONJ
gp-317	390	11	every	every	DET
gp-317	390	12	increase	increase	NOUN
gp-317	390	13	in	in	ADP
gp-317	390	14	roe	roe	NOUN
gp-317	390	15	of	of	ADP
gp-317	390	16	one	one	NUM
gp-317	390	17	percent	percent	NOUN
gp-317	390	18	,	,	PUNCT
gp-317	390	19	will	will	AUX
gp-317	390	20	cause	cause	VERB
gp-317	390	21	an	an	DET
gp-317	390	22	increase	increase	NOUN
gp-317	390	23	and	and	CCONJ
gp-317	390	24	not	not	PART
gp-317	390	25	consistently	consistently	ADV
gp-317	390	26	cause	cause	VERB
gp-317	390	27	significant	significant	ADJ
gp-317	390	28	changes	change	NOUN
gp-317	390	29	in	in	ADP
gp-317	390	30	stock	stock	NOUN
gp-317	390	31	return	return	NOUN
gp-317	390	32	of	of	ADP
gp-317	390	33	0.0090	0.0090	NUM
gp-317	390	34	to	to	ADP
gp-317	390	35	0.0404	0.0404	NUM
gp-317	390	36	percent	percent	NOUN
gp-317	390	37	.	.	PUNCT
gp-317	391	1	the	the	DET
gp-317	391	2	results	result	NOUN
gp-317	391	3	of	of	ADP
gp-317	391	4	the	the	DET
gp-317	391	5	estimation	estimation	NOUN
gp-317	391	6	obtained	obtain	VERB
gp-317	391	7	in	in	ADP
gp-317	391	8	this	this	DET
gp-317	391	9	study	study	NOUN
gp-317	391	10	are	be	AUX
gp-317	391	11	in	in	ADP
gp-317	391	12	line	line	NOUN
gp-317	391	13	with	with	ADP
gp-317	391	14	the	the	DET
gp-317	391	15	results	result	NOUN
gp-317	391	16	of	of	ADP
gp-317	391	17	the	the	DET
gp-317	391	18	research	research	NOUN
gp-317	391	19	of	of	ADP
gp-317	391	20	gautam	gautam	PROPN
gp-317	391	21	et	et	PROPN
gp-317	391	22	al	al	PROPN
gp-317	391	23	.	.	PROPN
gp-317	392	1	(	(	PUNCT
gp-317	392	2	2024	2024	NUM
gp-317	392	3	)	)	PUNCT
gp-317	392	4	showing	show	VERB
gp-317	392	5	that	that	SCONJ
gp-317	392	6	the	the	DET
gp-317	392	7	return	return	NOUN
gp-317	392	8	on	on	ADP
gp-317	392	9	equity	equity	NOUN
gp-317	392	10	(	(	PUNCT
gp-317	392	11	roe	roe	PROPN
gp-317	392	12	)	)	PUNCT
gp-317	392	13	has	have	VERB
gp-317	392	14	a	a	DET
gp-317	392	15	positive	positive	ADJ
gp-317	392	16	influence	influence	NOUN
gp-317	392	17	on	on	ADP
gp-317	392	18	stock	stock	NOUN
gp-317	392	19	returns	return	NOUN
gp-317	392	20	.	.	PUNCT
gp-317	393	1	return	return	NOUN
gp-317	393	2	on	on	ADP
gp-317	393	3	equity	equity	NOUN
gp-317	393	4	(	(	PUNCT
gp-317	393	5	roe	roe	NOUN
gp-317	393	6	)	)	PUNCT
gp-317	393	7	measures	measure	VERB
gp-317	393	8	the	the	DET
gp-317	393	9	effectiveness	effectiveness	NOUN
gp-317	393	10	of	of	ADP
gp-317	393	11	management	management	NOUN
gp-317	393	12	based	base	VERB
gp-317	393	13	on	on	ADP
gp-317	393	14	the	the	DET
gp-317	393	15	return	return	NOUN
gp-317	393	16	results	result	NOUN
gp-317	393	17	generated	generate	VERB
gp-317	393	18	from	from	ADP
gp-317	393	19	sales	sale	NOUN
gp-317	393	20	and	and	CCONJ
gp-317	393	21	investment	investment	NOUN
gp-317	393	22	activities	activity	NOUN
gp-317	393	23	.	.	PUNCT
gp-317	394	1	an	an	DET
gp-317	394	2	investor	investor	NOUN
gp-317	394	3	looks	look	VERB
gp-317	394	4	at	at	ADP
gp-317	394	5	how	how	SCONJ
gp-317	394	6	far	far	ADV
gp-317	394	7	a	a	DET
gp-317	394	8	company	company	NOUN
gp-317	394	9	's	's	PART
gp-317	394	10	ability	ability	NOUN
gp-317	394	11	to	to	PART
gp-317	394	12	manage	manage	VERB
gp-317	394	13	its	its	PRON
gp-317	394	14	own	own	ADJ
gp-317	394	15	capital	capital	NOUN
gp-317	394	16	is	be	AUX
gp-317	394	17	to	to	PART
gp-317	394	18	generate	generate	VERB
gp-317	394	19	net	net	ADJ
gp-317	394	20	profit	profit	NOUN
gp-317	394	21	.	.	PUNCT
gp-317	395	1	the	the	PRON
gp-317	395	2	higher	high	ADJ
gp-317	395	3	the	the	DET
gp-317	395	4	interest	interest	NOUN
gp-317	395	5	of	of	ADP
gp-317	395	6	investors	investor	NOUN
gp-317	395	7	to	to	PART
gp-317	395	8	invest	invest	VERB
gp-317	395	9	their	their	PRON
gp-317	395	10	capital	capital	NOUN
gp-317	395	11	in	in	ADP
gp-317	395	12	companies	company	NOUN
gp-317	395	13	with	with	ADP
gp-317	395	14	high	high	ADJ
gp-317	395	15	return	return	NOUN
gp-317	395	16	on	on	ADP
gp-317	395	17	equity	equity	NOUN
gp-317	395	18	,	,	PUNCT
gp-317	395	19	it	it	PRON
gp-317	395	20	will	will	AUX
gp-317	395	21	increase	increase	VERB
gp-317	395	22	the	the	DET
gp-317	395	23	stock	stock	NOUN
gp-317	395	24	price	price	NOUN
gp-317	395	25	and	and	CCONJ
gp-317	395	26	then	then	ADV
gp-317	395	27	it	it	PRON
gp-317	395	28	will	will	AUX
gp-317	395	29	increase	increase	VERB
gp-317	395	30	the	the	DET
gp-317	395	31	rate	rate	NOUN
gp-317	395	32	of	of	ADP
gp-317	395	33	return	return	NOUN
gp-317	395	34	on	on	ADP
gp-317	395	35	stock	stock	NOUN
gp-317	395	36	.	.	PUNCT
gp-317	396	1	return	return	NOUN
gp-317	396	2	on	on	ADP
gp-317	396	3	equity	equity	NOUN
gp-317	396	4	is	be	AUX
gp-317	396	5	a	a	DET
gp-317	396	6	financial	financial	ADJ
gp-317	396	7	ratio	ratio	NOUN
gp-317	396	8	that	that	PRON
gp-317	396	9	describes	describe	VERB
gp-317	396	10	the	the	DET
gp-317	396	11	company	company	NOUN
gp-317	396	12	's	's	PART
gp-317	396	13	performance	performance	NOUN
gp-317	396	14	by	by	ADP
gp-317	396	15	using	use	VERB
gp-317	396	16	its	its	PRON
gp-317	396	17	capital	capital	NOUN
gp-317	396	18	to	to	PART
gp-317	396	19	generate	generate	VERB
gp-317	396	20	net	net	ADJ
gp-317	396	21	profit	profit	NOUN
gp-317	396	22	,	,	PUNCT
gp-317	396	23	thereby	thereby	ADV
gp-317	396	24	giving	give	VERB
gp-317	396	25	a	a	DET
gp-317	396	26	positive	positive	ADJ
gp-317	396	27	signal	signal	NOUN
gp-317	396	28	to	to	ADP
gp-317	396	29	investors	investor	NOUN
gp-317	396	30	to	to	PART
gp-317	396	31	provide	provide	VERB
gp-317	396	32	their	their	PRON
gp-317	396	33	capital	capital	NOUN
gp-317	396	34	and	and	CCONJ
gp-317	396	35	increase	increase	VERB
gp-317	396	36	the	the	DET
gp-317	396	37	return	return	NOUN
gp-317	396	38	on	on	ADP
gp-317	396	39	shares	share	NOUN
gp-317	396	40	earned	earn	VERB
gp-317	396	41	by	by	ADP
gp-317	396	42	the	the	DET
gp-317	396	43	company	company	NOUN
gp-317	396	44	.	.	PUNCT
gp-317	397	1	therefore	therefore	ADV
gp-317	397	2	,	,	PUNCT
gp-317	397	3	the	the	PRON
gp-317	397	4	greater	great	ADJ
gp-317	397	5	the	the	DET
gp-317	397	6	return	return	NOUN
gp-317	397	7	on	on	ADP
gp-317	397	8	equity	equity	NOUN
gp-317	397	9	,	,	PUNCT
gp-317	397	10	the	the	PRON
gp-317	397	11	greater	great	ADJ
gp-317	397	12	the	the	DET
gp-317	397	13	return	return	NOUN
gp-317	397	14	on	on	ADP
gp-317	397	15	shares	share	NOUN
gp-317	397	16	obtained	obtain	VERB
gp-317	397	17	by	by	ADP
gp-317	397	18	the	the	DET
gp-317	397	19	company	company	NOUN
gp-317	397	20	.	.	PUNCT
gp-317	398	1	the	the	DET
gp-317	398	2	results	result	NOUN
gp-317	398	3	of	of	ADP
gp-317	398	4	this	this	DET
gp-317	398	5	estimate	estimate	NOUN
gp-317	398	6	are	be	AUX
gp-317	398	7	also	also	ADV
gp-317	398	8	in	in	ADP
gp-317	398	9	line	line	NOUN
gp-317	398	10	with	with	ADP
gp-317	398	11	the	the	DET
gp-317	398	12	research	research	NOUN
gp-317	398	13	of	of	ADP
gp-317	398	14	hertina	hertina	PROPN
gp-317	398	15	&	&	CCONJ
gp-317	398	16	saudi	saudi	PROPN
gp-317	398	17	(	(	PUNCT
gp-317	398	18	2019	2019	NUM
gp-317	398	19	)	)	PUNCT
gp-317	398	20	,	,	PUNCT
gp-317	398	21	showing	show	VERB
gp-317	398	22	that	that	DET
gp-317	398	23	return	return	NOUN
gp-317	398	24	on	on	ADP
gp-317	398	25	equity	equity	NOUN
gp-317	398	26	(	(	PUNCT
gp-317	398	27	roe	roe	PROPN
gp-317	398	28	)	)	PUNCT
gp-317	398	29	has	have	VERB
gp-317	398	30	a	a	DET
gp-317	398	31	insignificant	insignificant	ADJ
gp-317	398	32	effect	effect	NOUN
gp-317	398	33	on	on	ADP
gp-317	398	34	stock	stock	NOUN
gp-317	398	35	returns	return	NOUN
gp-317	398	36	.	.	PUNCT
gp-317	399	1	roe	roe	NOUN
gp-317	399	2	has	have	VERB
gp-317	399	3	no	no	DET
gp-317	399	4	effect	effect	NOUN
gp-317	399	5	on	on	ADP
gp-317	399	6	stock	stock	NOUN
gp-317	399	7	returns	return	NOUN
gp-317	399	8	because	because	SCONJ
gp-317	399	9	return	return	NOUN
gp-317	399	10	on	on	ADP
gp-317	399	11	equity	equity	NOUN
gp-317	399	12	can	can	AUX
gp-317	399	13	not	not	PART
gp-317	399	14	provide	provide	VERB
gp-317	399	15	measurement	measurement	NOUN
gp-317	399	16	results	result	NOUN
gp-317	399	17	in	in	ADP
gp-317	399	18	the	the	DET
gp-317	399	19	form	form	NOUN
gp-317	399	20	of	of	ADP
gp-317	399	21	dividends	dividend	NOUN
gp-317	399	22	or	or	CCONJ
gp-317	399	23	capital	capital	NOUN
gp-317	399	24	gains	gain	NOUN
gp-317	399	25	(	(	PUNCT
gp-317	399	26	losses	loss	NOUN
gp-317	399	27	)	)	PUNCT
gp-317	399	28	,	,	PUNCT
gp-317	399	29	so	so	SCONJ
gp-317	399	30	it	it	PRON
gp-317	399	31	can	can	AUX
gp-317	399	32	not	not	PART
gp-317	399	33	measure	measure	VERB
gp-317	399	34	the	the	DET
gp-317	399	35	actual	actual	ADJ
gp-317	399	36	returns	return	NOUN
gp-317	399	37	obtained	obtain	VERB
gp-317	399	38	by	by	ADP
gp-317	399	39	investors	investor	NOUN
gp-317	399	40	.	.	PUNCT
gp-317	400	1	from	from	ADP
gp-317	400	2	the	the	DET
gp-317	400	3	overall	overall	ADJ
gp-317	400	4	results	result	NOUN
gp-317	400	5	of	of	ADP
gp-317	400	6	gmm	gmm	NOUN
gp-317	400	7	estimation	estimation	NOUN
gp-317	400	8	in	in	ADP
gp-317	400	9	this	this	DET
gp-317	400	10	study	study	NOUN
gp-317	400	11	,	,	PUNCT
gp-317	400	12	it	it	PRON
gp-317	400	13	is	be	AUX
gp-317	400	14	proven	prove	VERB
gp-317	400	15	that	that	PRON
gp-317	400	16	return	return	NOUN
gp-317	400	17	on	on	ADP
gp-317	400	18	equity	equity	NOUN
gp-317	400	19	(	(	PUNCT
gp-317	400	20	roe	roe	PROPN
gp-317	400	21	)	)	PUNCT
gp-317	400	22	has	have	VERB
gp-317	400	23	a	a	DET
gp-317	400	24	positive	positive	ADJ
gp-317	400	25	and	and	CCONJ
gp-317	400	26	insignificant	insignificant	ADJ
gp-317	400	27	influence	influence	NOUN
gp-317	400	28	on	on	ADP
gp-317	400	29	stock	stock	NOUN
gp-317	400	30	returns	return	NOUN
gp-317	400	31	.	.	PUNCT
gp-317	401	1	this	this	PRON
gp-317	401	2	is	be	AUX
gp-317	401	3	in	in	ADP
gp-317	401	4	accordance	accordance	NOUN
gp-317	401	5	with	with	ADP
gp-317	401	6	the	the	DET
gp-317	401	7	hypothesis	hypothesis	NOUN
gp-317	401	8	proposed	propose	VERB
gp-317	401	9	and	and	CCONJ
gp-317	401	10	the	the	DET
gp-317	401	11	existing	exist	VERB
gp-317	401	12	theory	theory	NOUN
gp-317	401	13	,	,	PUNCT
gp-317	401	14	which	which	PRON
gp-317	401	15	refers	refer	VERB
gp-317	401	16	to	to	ADP
gp-317	401	17	the	the	DET
gp-317	401	18	conclusion	conclusion	NOUN
gp-317	401	19	that	that	SCONJ
gp-317	401	20	an	an	DET
gp-317	401	21	increase	increase	NOUN
gp-317	401	22	in	in	ADP
gp-317	401	23	roe	roe	NOUN
gp-317	401	24	,	,	PUNCT
gp-317	401	25	will	will	AUX
gp-317	401	26	increase	increase	VERB
gp-317	401	27	the	the	DET
gp-317	401	28	level	level	NOUN
gp-317	401	29	of	of	ADP
gp-317	401	30	stock	stock	NOUN
gp-317	401	31	return	return	NOUN
gp-317	401	32	.	.	PUNCT
gp-317	402	1	and	and	CCONJ
gp-317	402	2	vice	vice	ADV
gp-317	402	3	versa	versa	ADV
gp-317	402	4	,	,	PUNCT
gp-317	402	5	when	when	SCONJ
gp-317	402	6	the	the	DET
gp-317	402	7	roe	roe	NOUN
gp-317	402	8	decreases	decrease	VERB
gp-317	402	9	,	,	PUNCT
gp-317	402	10	it	it	PRON
gp-317	402	11	will	will	AUX
gp-317	402	12	reduce	reduce	VERB
gp-317	402	13	the	the	DET
gp-317	402	14	stock	stock	NOUN
gp-317	402	15	return	return	NOUN
gp-317	402	16	rate	rate	NOUN
gp-317	402	17	of	of	ADP
gp-317	402	18	lq45	lq45	PROPN
gp-317	402	19	companies	company	NOUN
gp-317	402	20	on	on	ADP
gp-317	402	21	the	the	DET
gp-317	402	22	indonesia	indonesia	PROPN
gp-317	402	23	stock	stock	PROPN
gp-317	402	24	exchange	exchange	PROPN
gp-317	402	25	.	.	PUNCT
gp-317	403	1	however	however	ADV
gp-317	403	2	,	,	PUNCT
gp-317	403	3	the	the	DET
gp-317	403	4	estimated	estimate	VERB
gp-317	403	5	results	result	NOUN
gp-317	403	6	show	show	VERB
gp-317	403	7	that	that	SCONJ
gp-317	403	8	roe	roe	PROPN
gp-317	403	9	has	have	VERB
gp-317	403	10	a	a	DET
gp-317	403	11	insignificant	insignificant	ADJ
gp-317	403	12	effect	effect	NOUN
gp-317	403	13	on	on	ADP
gp-317	403	14	stock	stock	NOUN
gp-317	403	15	returns	return	NOUN
gp-317	403	16	.	.	PUNCT
gp-317	404	1	this	this	PRON
gp-317	404	2	means	mean	VERB
gp-317	404	3	that	that	SCONJ
gp-317	404	4	the	the	DET
gp-317	404	5	increase	increase	NOUN
gp-317	404	6	and	and	CCONJ
gp-317	404	7	decrease	decrease	NOUN
gp-317	404	8	in	in	ADP
gp-317	404	9	roe	roe	NOUN
gp-317	404	10	can	can	AUX
gp-317	404	11	not	not	PART
gp-317	404	12	affect	affect	VERB
gp-317	404	13	the	the	DET
gp-317	404	14	rate	rate	NOUN
gp-317	404	15	of	of	ADP
gp-317	404	16	increase	increase	NOUN
gp-317	404	17	and	and	CCONJ
gp-317	404	18	decrease	decrease	NOUN
gp-317	404	19	in	in	ADP
gp-317	404	20	stock	stock	NOUN
gp-317	404	21	returns	return	NOUN
gp-317	404	22	in	in	ADP
gp-317	404	23	lq45	lq45	PROPN
gp-317	404	24	companies	company	NOUN
gp-317	404	25	on	on	ADP
gp-317	404	26	the	the	DET
gp-317	404	27	indonesia	indonesia	PROPN
gp-317	404	28	stock	stock	PROPN
gp-317	404	29	exchange	exchange	PROPN
gp-317	404	30	conclusion	conclusion	NOUN
gp-317	404	31	the	the	DET
gp-317	404	32	study	study	NOUN
gp-317	404	33	concluded	conclude	VERB
gp-317	404	34	that	that	SCONJ
gp-317	404	35	the	the	DET
gp-317	404	36	bi	bi	ADJ
gp-317	404	37	rate	rate	NOUN
gp-317	404	38	had	have	VERB
gp-317	404	39	both	both	CCONJ
gp-317	404	40	positive	positive	ADJ
gp-317	404	41	and	and	CCONJ
gp-317	404	42	negative	negative	ADJ
gp-317	404	43	significant	significant	ADJ
gp-317	404	44	effects	effect	NOUN
gp-317	404	45	on	on	ADP
gp-317	404	46	stock	stock	NOUN
gp-317	404	47	returns	return	NOUN
gp-317	404	48	of	of	ADP
gp-317	404	49	lq45	lq45	PROPN
gp-317	404	50	companies	company	NOUN
gp-317	404	51	,	,	PUNCT
gp-317	404	52	while	while	SCONJ
gp-317	404	53	inflation	inflation	NOUN
gp-317	404	54	and	and	CCONJ
gp-317	404	55	exchange	exchange	NOUN
gp-317	404	56	rates	rate	NOUN
gp-317	404	57	showed	show	VERB
gp-317	404	58	a	a	DET
gp-317	404	59	significant	significant	ADJ
gp-317	404	60	negative	negative	ADJ
gp-317	404	61	impact	impact	NOUN
gp-317	404	62	.	.	PUNCT
gp-317	405	1	the	the	DET
gp-317	405	2	dow	dow	PROPN
gp-317	405	3	jones	jones	PROPN
gp-317	405	4	index	index	PROPN
gp-317	405	5	had	have	VERB
gp-317	405	6	a	a	DET
gp-317	405	7	negative	negative	ADJ
gp-317	405	8	but	but	CCONJ
gp-317	405	9	insignificant	insignificant	ADJ
gp-317	405	10	effect	effect	NOUN
gp-317	405	11	,	,	PUNCT
gp-317	405	12	company	company	NOUN
gp-317	405	13	size	size	NOUN
gp-317	405	14	and	and	CCONJ
gp-317	405	15	profitability	profitability	NOUN
gp-317	405	16	indicators	indicator	NOUN
gp-317	405	17	(	(	PUNCT
gp-317	405	18	roa	roa	NOUN
gp-317	405	19	and	and	CCONJ
gp-317	405	20	roe	roe	PROPN
gp-317	405	21	)	)	PUNCT
gp-317	405	22	showed	show	VERB
gp-317	405	23	positive	positive	ADJ
gp-317	405	24	yet	yet	CCONJ
gp-317	405	25	insignificant	insignificant	ADJ
gp-317	405	26	effects	effect	NOUN
gp-317	405	27	,	,	PUNCT
gp-317	405	28	and	and	CCONJ
gp-317	405	29	the	the	DET
gp-317	405	30	debt	debt	NOUN
gp-317	405	31	-	-	PUNCT
gp-317	405	32	to	to	ADP
gp-317	405	33	-	-	PUNCT
gp-317	405	34	equity	equity	NOUN
gp-317	405	35	ratio	ratio	NOUN
gp-317	405	36	significantly	significantly	ADV
gp-317	405	37	and	and	CCONJ
gp-317	405	38	positively	positively	ADV
gp-317	405	39	influenced	influence	VERB
gp-317	405	40	stock	stock	NOUN
gp-317	405	41	returns	return	NOUN
gp-317	405	42	.	.	PUNCT
gp-317	406	1	future	future	ADJ
gp-317	406	2	research	research	NOUN
gp-317	406	3	the	the	DET
gp-317	406	4	influence	influence	NOUN
gp-317	406	5	of	of	ADP
gp-317	406	6	monetary	monetary	ADJ
gp-317	406	7	policy	policy	NOUN
gp-317	406	8	,	,	PUNCT
gp-317	406	9	macroeconomic	macroeconomic	ADJ
gp-317	406	10	variables	variable	NOUN
gp-317	406	11	,	,	PUNCT
gp-317	406	12	global	global	ADJ
gp-317	406	13	markets	market	NOUN
gp-317	406	14	,	,	PUNCT
gp-317	406	15	and	and	CCONJ
gp-317	406	16	internal	internal	ADJ
gp-317	406	17	company	company	NOUN
gp-317	406	18	factors	factor	NOUN
gp-317	406	19	on	on	ADP
gp-317	406	20	stock	stock	NOUN
gp-317	406	21	returns	return	NOUN
gp-317	406	22	of	of	ADP
gp-317	406	23	lq45	lq45	PROPN
gp-317	406	24	companies	company	NOUN
gp-317	406	25	on	on	ADP
gp-317	406	26	the	the	DET
gp-317	406	27	indonesian	indonesian	ADJ
gp-317	406	28	stock	stock	PROPN
gp-317	406	29	exchange	exchange	PROPN
gp-317	406	30	1711	1711	NUM
gp-317	406	31	could	could	AUX
gp-317	406	32	expand	expand	VERB
gp-317	406	33	the	the	DET
gp-317	406	34	scope	scope	NOUN
gp-317	406	35	by	by	ADP
gp-317	406	36	examining	examine	VERB
gp-317	406	37	additional	additional	ADJ
gp-317	406	38	macroeconomic	macroeconomic	ADJ
gp-317	406	39	variables	variable	NOUN
gp-317	406	40	,	,	PUNCT
gp-317	406	41	incorporating	incorporate	VERB
gp-317	406	42	longer	long	ADJ
gp-317	406	43	time	time	NOUN
gp-317	406	44	frames	frame	NOUN
gp-317	406	45	,	,	PUNCT
gp-317	406	46	or	or	CCONJ
gp-317	406	47	comparing	compare	VERB
gp-317	406	48	lq45	lq45	PROPN
gp-317	406	49	companies	company	NOUN
gp-317	406	50	with	with	ADP
gp-317	406	51	other	other	ADJ
gp-317	406	52	stock	stock	NOUN
gp-317	406	53	indices	index	NOUN
gp-317	406	54	to	to	PART
gp-317	406	55	provide	provide	VERB
gp-317	406	56	broader	broad	ADJ
gp-317	406	57	insights	insight	NOUN
gp-317	406	58	into	into	ADP
gp-317	406	59	the	the	DET
gp-317	406	60	determinants	determinant	NOUN
gp-317	406	61	of	of	ADP
gp-317	406	62	stock	stock	NOUN
gp-317	406	63	returns	return	NOUN
gp-317	406	64	in	in	ADP
gp-317	406	65	the	the	DET
gp-317	406	66	indonesian	indonesian	ADJ
gp-317	406	67	capital	capital	NOUN
gp-317	406	68	market	market	NOUN
gp-317	406	69	.	.	PUNCT
gp-317	407	1	references	reference	NOUN
gp-317	407	2	alzou’bi	alzou’bi	PROPN
gp-317	407	3	,	,	PUNCT
gp-317	407	4	m.	m.	NOUN
gp-317	407	5	j.	j.	PROPN
gp-317	407	6	,	,	PUNCT
gp-317	407	7	bashatweh	bashatweh	PROPN
gp-317	407	8	,	,	PUNCT
gp-317	407	9	a.	a.	PROPN
gp-317	407	10	d	d	PROPN
gp-317	407	11	&	&	CCONJ
gp-317	407	12	khader	khader	PROPN
gp-317	407	13	,	,	PUNCT
gp-317	407	14	l.	l.	PROPN
gp-317	407	15	f.	f.	PROPN
gp-317	407	16	a.	a.	PROPN
gp-317	407	17	(	(	PUNCT
gp-317	407	18	2020	2020	NUM
gp-317	407	19	)	)	PUNCT
gp-317	407	20	.	.	PUNCT
gp-317	408	1	the	the	DET
gp-317	408	2	influence	influence	NOUN
gp-317	408	3	of	of	ADP
gp-317	408	4	capital	capital	NOUN
gp-317	408	5	structure	structure	NOUN
gp-317	408	6	on	on	ADP
gp-317	408	7	stock	stock	NOUN
gp-317	408	8	returns	return	NOUN
gp-317	408	9	–	–	PUNCT
gp-317	408	10	an	an	DET
gp-317	408	11	empirical	empirical	ADJ
gp-317	408	12	study	study	NOUN
gp-317	408	13	on	on	ADP
gp-317	408	14	industrial	industrial	ADJ
gp-317	408	15	companies	company	NOUN
gp-317	408	16	.	.	PUNCT
gp-317	409	1	research	research	NOUN
gp-317	409	2	in	in	ADP
gp-317	409	3	world	world	NOUN
gp-317	409	4	economy	economy	NOUN
gp-317	409	5	,	,	PUNCT
gp-317	409	6	11(6	11(6	NUM
gp-317	409	7	)	)	PUNCT
gp-317	409	8	,	,	PUNCT
gp-317	409	9	362–370	362–370	NUM
gp-317	409	10	.	.	PUNCT
gp-317	409	11	amalia	amalia	PROPN
gp-317	409	12	,	,	PUNCT
gp-317	409	13	s.	s.	PROPN
gp-317	409	14	&	&	CCONJ
gp-317	409	15	mardiansah	mardiansah	PROPN
gp-317	409	16	,	,	PUNCT
gp-317	409	17	a.	a.	NOUN
gp-317	409	18	(	(	PUNCT
gp-317	409	19	2021	2021	NUM
gp-317	409	20	)	)	PUNCT
gp-317	409	21	.	.	PUNCT
gp-317	410	1	does	do	VERB
gp-317	410	2	stock	stock	NOUN
gp-317	410	3	return	return	NOUN
gp-317	410	4	influenced	influence	VERB
gp-317	410	5	by	by	ADP
gp-317	410	6	macroeconomic	macroeconomic	ADJ
gp-317	410	7	factors	factor	NOUN
gp-317	410	8	?	?	PUNCT
gp-317	410	9	.	.	PUNCT
gp-317	411	1	review	review	NOUN
gp-317	411	2	of	of	ADP
gp-317	411	3	international	international	ADJ
gp-317	411	4	geographical	geographical	ADJ
gp-317	411	5	education	education	NOUN
gp-317	411	6	(	(	PUNCT
gp-317	411	7	rigeo	rigeo	NOUN
gp-317	411	8	)	)	PUNCT
gp-317	411	9	,	,	PUNCT
gp-317	411	10	11(5	11(5	NUM
gp-317	411	11	)	)	PUNCT
gp-317	411	12	,	,	PUNCT
gp-317	411	13	1082–1091	1082–1091	NUM
gp-317	411	14	.	.	PUNCT
gp-317	412	1	amarkhil	amarkhil	PROPN
gp-317	412	2	,	,	PUNCT
gp-317	412	3	d.	d.	PROPN
gp-317	412	4	k.	k.	PROPN
gp-317	412	5	(	(	PUNCT
gp-317	412	6	2021	2021	NUM
gp-317	412	7	)	)	PUNCT
gp-317	412	8	.	.	PUNCT
gp-317	413	1	effect	effect	NOUN
gp-317	413	2	of	of	ADP
gp-317	413	3	exchange	exchange	NOUN
gp-317	413	4	rate	rate	NOUN
gp-317	413	5	on	on	ADP
gp-317	413	6	stock	stock	NOUN
gp-317	413	7	return	return	NOUN
gp-317	413	8	(	(	PUNCT
gp-317	413	9	pakistan	pakistan	PROPN
gp-317	413	10	stock	stock	PROPN
gp-317	413	11	exchange	exchange	PROPN
gp-317	413	12	100	100	NUM
gp-317	413	13	index	index	NOUN
gp-317	413	14	)	)	PUNCT
gp-317	413	15	.	.	PUNCT
gp-317	414	1	novateur	novateur	PROPN
gp-317	414	2	publications	publication	NOUN
gp-317	414	3	:	:	PUNCT
gp-317	414	4	journalnxa	journalnxa	NOUN
gp-317	414	5	multidisciplinary	multidisciplinary	ADJ
gp-317	414	6	peer	peer	NOUN
gp-317	414	7	reviewed	review	VERB
gp-317	414	8	journal	journal	NOUN
gp-317	414	9	,	,	PUNCT
gp-317	414	10	7(1	7(1	NUM
gp-317	414	11	)	)	PUNCT
gp-317	414	12	,	,	PUNCT
gp-317	414	13	297–310	297–310	NUM
gp-317	414	14	.	.	PUNCT
gp-317	415	1	anwar	anwar	PROPN
gp-317	415	2	,	,	PUNCT
gp-317	415	3	c.	c.	PROPN
gp-317	415	4	j.	j.	PROPN
gp-317	415	5	,	,	PUNCT
gp-317	415	6	suhendra	suhendra	PROPN
gp-317	415	7	,	,	PUNCT
gp-317	415	8	i.	i.	NOUN
gp-317	415	9	,	,	PUNCT
gp-317	415	10	ginanjar	ginanjar	PROPN
gp-317	415	11	,	,	PUNCT
gp-317	415	12	r.	r.	PROPN
gp-317	415	13	a.	a.	PROPN
gp-317	415	14	f.	f.	PROPN
gp-317	415	15	,	,	PUNCT
gp-317	415	16	purwanda	purwanda	ADV
gp-317	415	17	,	,	PUNCT
gp-317	415	18	e.	e.	PROPN
gp-317	415	19	,	,	PUNCT
gp-317	415	20	&	&	CCONJ
gp-317	415	21	kholishoh	kholishoh	PROPN
gp-317	415	22	,	,	PUNCT
gp-317	415	23	l.	l.	PROPN
gp-317	415	24	n.	n.	PROPN
gp-317	415	25	(	(	PUNCT
gp-317	415	26	2022	2022	NUM
gp-317	415	27	)	)	PUNCT
gp-317	415	28	.	.	PUNCT
gp-317	416	1	monetary	monetary	ADJ
gp-317	416	2	policy	policy	NOUN
gp-317	416	3	efficiency	efficiency	NOUN
gp-317	416	4	,	,	PUNCT
gp-317	416	5	financial	financial	ADJ
gp-317	416	6	market	market	NOUN
gp-317	416	7	development	development	NOUN
gp-317	416	8	and	and	CCONJ
gp-317	416	9	financial	financial	ADJ
gp-317	416	10	stability	stability	NOUN
gp-317	416	11	in	in	ADP
gp-317	416	12	developing	develop	VERB
gp-317	416	13	countries	country	NOUN
gp-317	416	14	.	.	PUNCT
gp-317	417	1	international	international	ADJ
gp-317	417	2	journal	journal	PROPN
gp-317	417	3	of	of	ADP
gp-317	417	4	economics	economics	PROPN
gp-317	417	5	&	&	CCONJ
gp-317	417	6	management	management	PROPN
gp-317	417	7	,	,	PUNCT
gp-317	417	8	16(3	16(3	NOUN
gp-317	417	9	)	)	PUNCT
gp-317	417	10	,	,	PUNCT
gp-317	417	11	271	271	NUM
gp-317	417	12	–	–	PUNCT
gp-317	417	13	284	284	NUM
gp-317	417	14	.	.	PUNCT
gp-317	418	1	anwar	anwar	PROPN
gp-317	418	2	,	,	PUNCT
gp-317	418	3	c.	c.	PROPN
gp-317	418	4	j.	j.	PROPN
gp-317	418	5	,	,	PUNCT
gp-317	418	6	suhendra	suhendra	PROPN
gp-317	418	7	,	,	PUNCT
gp-317	418	8	i.	i.	NOUN
gp-317	418	9	,	,	PUNCT
gp-317	418	10	imansyah	imansyah	NOUN
gp-317	418	11	,	,	PUNCT
gp-317	418	12	t.	t.	PROPN
gp-317	418	13	,	,	PUNCT
gp-317	418	14	zahara	zahara	PROPN
gp-317	418	15	,	,	PUNCT
gp-317	418	16	v.	v.	ADP
gp-317	418	17	m.	m.	NOUN
gp-317	418	18	,	,	PUNCT
gp-317	418	19	&	&	CCONJ
gp-317	418	20	chendrawan	chendrawan	PROPN
gp-317	418	21	,	,	PUNCT
gp-317	418	22	t.	t.	PROPN
gp-317	418	23	s.	s.	PROPN
gp-317	418	24	(	(	PUNCT
gp-317	418	25	2023	2023	NUM
gp-317	418	26	)	)	PUNCT
gp-317	418	27	.	.	PUNCT
gp-317	419	1	gdp	gdp	NOUN
gp-317	419	2	growth	growth	NOUN
gp-317	419	3	and	and	CCONJ
gp-317	419	4	fdi	fdi	NOUN
gp-317	419	5	nexus	nexus	NOUN
gp-317	419	6	in	in	ADP
gp-317	419	7	asean-5	asean-5	NUM
gp-317	419	8	countries	country	NOUN
gp-317	419	9	:	:	PUNCT
gp-317	419	10	the	the	DET
gp-317	419	11	role	role	NOUN
gp-317	419	12	of	of	ADP
gp-317	419	13	macroeconomic	macroeconomic	ADJ
gp-317	419	14	performances	performance	NOUN
gp-317	419	15	.	.	PUNCT
gp-317	420	1	jejak	jejak	PROPN
gp-317	420	2	,	,	PUNCT
gp-317	420	3	16(1	16(1	NUM
gp-317	420	4	)	)	PUNCT
gp-317	420	5	.	.	PUNCT
gp-317	421	1	ardyansyah	ardyansyah	PROPN
gp-317	421	2	,	,	PUNCT
gp-317	421	3	f.	f.	PROPN
gp-317	421	4	,	,	PUNCT
gp-317	421	5	sari	sari	PROPN
gp-317	421	6	,	,	PUNCT
gp-317	421	7	k.	k.	PROPN
gp-317	421	8	,	,	PUNCT
gp-317	421	9	amalia	amalia	PROPN
gp-317	421	10	,	,	PUNCT
gp-317	421	11	m.	m.	NOUN
gp-317	421	12	m.	m.	NOUN
gp-317	421	13	,	,	PUNCT
gp-317	421	14	kusumastuti	kusumastuti	PROPN
gp-317	421	15	,	,	PUNCT
gp-317	421	16	r.	r.	PROPN
gp-317	421	17	&	&	CCONJ
gp-317	421	18	malik	malik	PROPN
gp-317	421	19	,	,	PUNCT
gp-317	421	20	r.	r.	PROPN
gp-317	421	21	a.	a.	PROPN
gp-317	421	22	(	(	PUNCT
gp-317	421	23	2022	2022	NUM
gp-317	421	24	)	)	PUNCT
gp-317	421	25	.	.	PUNCT
gp-317	422	1	effect	effect	NOUN
gp-317	422	2	of	of	ADP
gp-317	422	3	return	return	NOUN
gp-317	422	4	on	on	ADP
gp-317	422	5	equity	equity	NOUN
gp-317	422	6	and	and	CCONJ
gp-317	422	7	firm	firm	ADJ
gp-317	422	8	size	size	NOUN
gp-317	422	9	on	on	ADP
gp-317	422	10	stock	stock	NOUN
gp-317	422	11	return	return	NOUN
gp-317	422	12	in	in	ADP
gp-317	422	13	coal	coal	NOUN
gp-317	422	14	mining	mining	NOUN
gp-317	422	15	companies	company	NOUN
gp-317	422	16	.	.	PUNCT
gp-317	423	1	budapest	budapest	PROPN
gp-317	423	2	international	international	ADJ
gp-317	423	3	research	research	PROPN
gp-317	423	4	and	and	CCONJ
gp-317	423	5	critics	critic	NOUN
gp-317	423	6	institute	institute	PROPN
gp-317	423	7	-	-	PUNCT
gp-317	423	8	journal	journal	PROPN
gp-317	423	9	,	,	PUNCT
gp-317	423	10	5(2	5(2	NUM
gp-317	423	11	)	)	PUNCT
gp-317	423	12	,	,	PUNCT
gp-317	423	13	9957–9963	9957–9963	NUM
gp-317	423	14	.	.	PUNCT
gp-317	424	1	arellano	arellano	PROPN
gp-317	424	2	,	,	PUNCT
gp-317	424	3	m.	m.	NOUN
gp-317	424	4	&	&	CCONJ
gp-317	424	5	bond	bond	PROPN
gp-317	424	6	,	,	PUNCT
gp-317	424	7	s.	s.	PROPN
gp-317	424	8	(	(	PUNCT
gp-317	424	9	1991	1991	NUM
gp-317	424	10	)	)	PUNCT
gp-317	424	11	.	.	PUNCT
gp-317	425	1	some	some	DET
gp-317	425	2	tests	test	NOUN
gp-317	425	3	of	of	ADP
gp-317	425	4	specification	specification	NOUN
gp-317	425	5	for	for	ADP
gp-317	425	6	panel	panel	NOUN
gp-317	425	7	data	datum	NOUN
gp-317	425	8	:	:	PUNCT
gp-317	425	9	monte	monte	PROPN
gp-317	425	10	carlo	carlo	PROPN
gp-317	425	11	evidence	evidence	NOUN
gp-317	425	12	and	and	CCONJ
gp-317	425	13	an	an	DET
gp-317	425	14	application	application	NOUN
gp-317	425	15	to	to	ADP
gp-317	425	16	employment	employment	NOUN
gp-317	425	17	equations	equation	NOUN
gp-317	425	18	.	.	PUNCT
gp-317	426	1	the	the	DET
gp-317	426	2	review	review	NOUN
gp-317	426	3	of	of	ADP
gp-317	426	4	economic	economic	ADJ
gp-317	426	5	studies	study	NOUN
gp-317	426	6	,	,	PUNCT
gp-317	426	7	58(2	58(2	NUM
gp-317	426	8	)	)	PUNCT
gp-317	426	9	,	,	PUNCT
gp-317	426	10	277–297	277–297	NUM
gp-317	426	11	.	.	PUNCT
gp-317	427	1	asiedu	asiedu	PROPN
gp-317	427	2	,	,	PUNCT
gp-317	427	3	e.	e.	PROPN
gp-317	427	4	l	l	PROPN
gp-317	427	5	,	,	PUNCT
gp-317	427	6	gyimah	gyimah	PROPN
gp-317	427	7	,	,	PUNCT
gp-317	427	8	d.	d.	PROPN
gp-317	427	9	m.	m.	PROPN
gp-317	427	10	,	,	PUNCT
gp-317	427	11	kamasa	kamasa	PROPN
gp-317	427	12	,	,	PUNCT
gp-317	427	13	k.	k.	PROPN
gp-317	427	14	&	&	CCONJ
gp-317	427	15	otoo	otoo	PROPN
gp-317	427	16	,	,	PUNCT
gp-317	427	17	h.	h.	PROPN
gp-317	427	18	(	(	PUNCT
gp-317	427	19	2021	2021	NUM
gp-317	427	20	)	)	PUNCT
gp-317	427	21	.	.	PUNCT
gp-317	428	1	interest	interest	NOUN
gp-317	428	2	rate	rate	NOUN
gp-317	428	3	,	,	PUNCT
gp-317	428	4	inflation	inflation	NOUN
gp-317	428	5	and	and	CCONJ
gp-317	428	6	stock	stock	NOUN
gp-317	428	7	market	market	NOUN
gp-317	428	8	performance	performance	NOUN
gp-317	428	9	in	in	ADP
gp-317	428	10	ghana	ghana	PROPN
gp-317	428	11	:	:	PUNCT
gp-317	428	12	a	a	DET
gp-317	428	13	sector	sector	NOUN
gp-317	428	14	based	base	VERB
gp-317	428	15	vector	vector	NOUN
gp-317	428	16	error	error	NOUN
gp-317	428	17	correction	correction	NOUN
gp-317	428	18	model	model	NOUN
gp-317	428	19	perspective	perspective	PROPN
gp-317	428	20	.	.	PUNCT
gp-317	429	1	african	african	ADJ
gp-317	429	2	journal	journal	PROPN
gp-317	429	3	of	of	ADP
gp-317	429	4	business	business	NOUN
gp-317	429	5	and	and	CCONJ
gp-317	429	6	economic	economic	ADJ
gp-317	429	7	research	research	NOUN
gp-317	429	8	,	,	PUNCT
gp-317	429	9	16(1	16(1	NUM
gp-317	429	10	)	)	PUNCT
gp-317	429	11	,	,	PUNCT
gp-317	429	12	185–206.124	185–206.124	NUM
gp-317	429	13	bank	bank	PROPN
gp-317	429	14	indonesia	indonesia	PROPN
gp-317	429	15	.	.	PROPN
gp-317	429	16	2024	2024	NUM
gp-317	429	17	,	,	PUNCT
gp-317	429	18	data	datum	NOUN
gp-317	429	19	bi	bi	ADJ
gp-317	429	20	rate	rate	PROPN
gp-317	429	21	dan	dan	PROPN
gp-317	429	22	nilai	nilai	PROPN
gp-317	429	23	tukar	tukar	PROPN
gp-317	429	24	.	.	PUNCT
gp-317	430	1	https://www.bi.go.id	https://www.bi.go.id	PROPN
gp-317	430	2	.	.	PROPN
gp-317	430	3	di	di	PROPN
gp-317	430	4	akses	akse	VERB
gp-317	430	5	pada	pada	PROPN
gp-317	430	6	tanggal	tanggal	PROPN
gp-317	430	7	31	31	NUM
gp-317	430	8	desember	desember	PROPN
gp-317	430	9	2024	2024	NUM
gp-317	430	10	.	.	PUNCT
gp-317	431	1	badan	badan	PROPN
gp-317	431	2	pusat	pusat	PROPN
gp-317	431	3	statistik	statistik	PROPN
gp-317	431	4	.	.	PUNCT
gp-317	431	5	2024	2024	NUM
gp-317	431	6	,	,	PUNCT
gp-317	431	7	data	datum	NOUN
gp-317	431	8	tingkat	tingkat	PROPN
gp-317	431	9	inflasi	inflasi	PROPN
gp-317	431	10	.	.	PUNCT
gp-317	432	1	https://www.bps.go.id	https://www.bps.go.id	PROPN
gp-317	432	2	.	.	PROPN
gp-317	432	3	di	di	PROPN
gp-317	432	4	akses	akse	VERB
gp-317	432	5	pada	pada	PROPN
gp-317	432	6	tanggal	tanggal	PROPN
gp-317	432	7	31	31	NUM
gp-317	432	8	desember	desember	PROPN
gp-317	432	9	2024	2024	NUM
gp-317	432	10	.	.	PUNCT
gp-317	433	1	bursa	bursa	NOUN
gp-317	433	2	efek	efek	PROPN
gp-317	433	3	indonesia	indonesia	PROPN
gp-317	433	4	.	.	PUNCT
gp-317	434	1	2024	2024	NUM
gp-317	434	2	.	.	PUNCT
gp-317	435	1	data	datum	NOUN
gp-317	435	2	keuangan	keuangan	VERB
gp-317	435	3	perusahaan	perusahaan	PROPN
gp-317	435	4	lq45	lq45	PROPN
gp-317	435	5	.	.	PUNCT
gp-317	436	1	https://www.idx.co.id	https://www.idx.co.id	PROPN
gp-317	436	2	.	.	PROPN
gp-317	436	3	di	di	PROPN
gp-317	436	4	akses	akse	VERB
gp-317	436	5	pada	pada	PROPN
gp-317	436	6	tanggal	tanggal	PROPN
gp-317	436	7	31	31	NUM
gp-317	436	8	desember	desember	PROPN
gp-317	436	9	2024	2024	NUM
gp-317	436	10	.	.	PUNCT
gp-317	437	1	budi	budi	PROPN
gp-317	437	2	,	,	PUNCT
gp-317	437	3	b.	b.	PROPN
gp-317	437	4	s	s	PROPN
gp-317	437	5	,	,	PUNCT
gp-317	437	6	&	&	CCONJ
gp-317	437	7	faizin	faizin	PROPN
gp-317	437	8	,	,	PUNCT
gp-317	437	9	m.	m.	NOUN
gp-317	437	10	(	(	PUNCT
gp-317	437	11	2024	2024	NUM
gp-317	437	12	)	)	PUNCT
gp-317	437	13	.	.	PUNCT
gp-317	438	1	the	the	DET
gp-317	438	2	effect	effect	NOUN
gp-317	438	3	of	of	ADP
gp-317	438	4	macroeconomic	macroeconomic	ADJ
gp-317	438	5	variables	variable	NOUN
gp-317	438	6	on	on	ADP
gp-317	438	7	stock	stock	NOUN
gp-317	438	8	returns	return	NOUN
gp-317	438	9	of	of	ADP
gp-317	438	10	the	the	DET
gp-317	438	11	jakarta	jakarta	PROPN
gp-317	438	12	islamic	islamic	PROPN
gp-317	438	13	index	index	PROPN
gp-317	438	14	:	:	PUNCT
gp-317	438	15	a	a	DET
gp-317	438	16	panel	panel	NOUN
gp-317	438	17	vector	vector	NOUN
gp-317	438	18	error	error	NOUN
gp-317	438	19	correction	correction	NOUN
gp-317	438	20	model	model	NOUN
gp-317	438	21	approach	approach	NOUN
gp-317	438	22	.	.	PUNCT
gp-317	439	1	etihad	etihad	PROPN
gp-317	439	2	:	:	PUNCT
gp-317	439	3	journal	journal	PROPN
gp-317	439	4	of	of	ADP
gp-317	439	5	islamic	islamic	PROPN
gp-317	439	6	banking	banking	NOUN
gp-317	439	7	and	and	CCONJ
gp-317	439	8	finance	finance	NOUN
gp-317	439	9	,	,	PUNCT
gp-317	439	10	4(1	4(1	NOUN
gp-317	439	11	)	)	PUNCT
gp-317	439	12	,	,	PUNCT
gp-317	439	13	1	1	NUM
gp-317	439	14	–	–	SYM
gp-317	439	15	16	16	NUM
gp-317	439	16	.	.	PUNCT
gp-317	440	1	cahyanti	cahyanti	PROPN
gp-317	440	2	,	,	PUNCT
gp-317	440	3	i.	i.	PROPN
gp-317	440	4	r.	r.	PROPN
gp-317	440	5	,	,	PUNCT
gp-317	440	6	janwari	janwari	PROPN
gp-317	440	7	,	,	PUNCT
gp-317	440	8	y.	y.	PROPN
gp-317	440	9	,	,	PUNCT
gp-317	440	10	solehudin	solehudin	PROPN
gp-317	440	11	,	,	PUNCT
gp-317	440	12	e.	e.	PROPN
gp-317	440	13	&	&	CCONJ
gp-317	440	14	jubaedah	jubaedah	PROPN
gp-317	440	15	,	,	PUNCT
gp-317	440	16	d.	d.	PROPN
gp-317	440	17	(	(	PUNCT
gp-317	440	18	2024	2024	NUM
gp-317	440	19	)	)	PUNCT
gp-317	440	20	.	.	PUNCT
gp-317	441	1	the	the	DET
gp-317	441	2	effect	effect	NOUN
gp-317	441	3	of	of	ADP
gp-317	441	4	interest	interest	NOUN
gp-317	441	5	rates	rate	NOUN
gp-317	441	6	and	and	CCONJ
gp-317	441	7	inflation	inflation	NOUN
gp-317	441	8	on	on	ADP
gp-317	441	9	islamic	islamic	ADJ
gp-317	441	10	stock	stock	PROPN
gp-317	441	11	return	return	NOUN
gp-317	441	12	in	in	ADP
gp-317	441	13	companies	company	NOUN
gp-317	441	14	listed	list	VERB
gp-317	441	15	on	on	ADP
gp-317	441	16	the	the	DET
gp-317	441	17	jakarta	jakarta	PROPN
gp-317	441	18	islamic	islamic	PROPN
gp-317	441	19	index	index	PROPN
gp-317	441	20	.	.	PUNCT
gp-317	442	1	airlangga	airlangga	PROPN
gp-317	442	2	international	international	PROPN
gp-317	442	3	journal	journal	PROPN
gp-317	442	4	of	of	ADP
gp-317	442	5	islamic	islamic	ADJ
gp-317	442	6	economics	economic	NOUN
gp-317	442	7	and	and	CCONJ
gp-317	442	8	finance	finance	NOUN
gp-317	442	9	,	,	PUNCT
gp-317	442	10	7(01	7(01	NUM
gp-317	442	11	)	)	PUNCT
gp-317	442	12	,	,	PUNCT
gp-317	442	13	15–28	15–28	PROPN
gp-317	442	14	.	.	PUNCT
gp-317	443	1	chiang	chiang	PROPN
gp-317	443	2	,	,	PUNCT
gp-317	443	3	c.	c.	PROPN
gp-317	443	4	s	s	PROPN
gp-317	443	5	,	,	PUNCT
gp-317	443	6	sembel	sembel	PROPN
gp-317	443	7	,	,	PUNCT
gp-317	443	8	r.	r.	PROPN
gp-317	443	9	&	&	CCONJ
gp-317	443	10	malau	malau	PROPN
gp-317	443	11	,	,	PUNCT
gp-317	443	12	m.	m.	NOUN
gp-317	443	13	(	(	PUNCT
gp-317	443	14	2024	2024	NUM
gp-317	443	15	)	)	PUNCT
gp-317	443	16	.	.	PUNCT
gp-317	444	1	the	the	DET
gp-317	444	2	effect	effect	NOUN
gp-317	444	3	of	of	ADP
gp-317	444	4	financial	financial	ADJ
gp-317	444	5	performance	performance	NOUN
gp-317	444	6	and	and	CCONJ
gp-317	444	7	market	market	NOUN
gp-317	444	8	return	return	NOUN
gp-317	444	9	on	on	ADP
gp-317	444	10	stock	stock	NOUN
gp-317	444	11	return	return	NOUN
gp-317	444	12	with	with	ADP
gp-317	444	13	gdp	gdp	NOUN
gp-317	444	14	growth	growth	NOUN
gp-317	444	15	as	as	ADP
gp-317	444	16	a	a	DET
gp-317	444	17	moderating	moderate	VERB
gp-317	444	18	variable	variable	NOUN
gp-317	444	19	.	.	PUNCT
gp-317	445	1	international	international	ADJ
gp-317	445	2	journal	journal	PROPN
gp-317	445	3	of	of	ADP
gp-317	445	4	business	business	NOUN
gp-317	445	5	,	,	PUNCT
gp-317	445	6	economics	economic	NOUN
gp-317	445	7	and	and	CCONJ
gp-317	445	8	law	law	NOUN
gp-317	445	9	,	,	PUNCT
gp-317	445	10	31(1	31(1	NUM
gp-317	445	11	)	)	PUNCT
gp-317	445	12	,	,	PUNCT
gp-317	445	13	102–111	102–111	NUM
gp-317	445	14	.	.	PUNCT
gp-317	445	15	damajanti	damajanti	PROPN
gp-317	445	16	,	,	PUNCT
gp-317	445	17	a.	a.	PROPN
gp-317	445	18	,	,	PUNCT
gp-317	445	19	yulianti	yulianti	PROPN
gp-317	445	20	,	,	PUNCT
gp-317	445	21	&	&	CCONJ
gp-317	445	22	rosyati	rosyati	PROPN
gp-317	445	23	.	.	PUNCT
gp-317	446	1	(	(	PUNCT
gp-317	446	2	2018	2018	NUM
gp-317	446	3	)	)	PUNCT
gp-317	446	4	.	.	PUNCT
gp-317	447	1	the	the	DET
gp-317	447	2	effect	effect	NOUN
gp-317	447	3	of	of	ADP
gp-317	447	4	global	global	ADJ
gp-317	447	5	stock	stock	NOUN
gp-317	447	6	price	price	NOUN
gp-317	447	7	index	index	NOUN
gp-317	447	8	and	and	CCONJ
gp-317	447	9	rupiah	rupiah	NOUN
gp-317	447	10	exchange	exchange	NOUN
gp-317	447	11	rate	rate	NOUN
gp-317	447	12	on	on	ADP
gp-317	447	13	indonesian	indonesian	ADJ
gp-317	447	14	composite	composite	ADJ
gp-317	447	15	stock	stock	NOUN
gp-317	447	16	price	price	NOUN
gp-317	447	17	index	index	NOUN
gp-317	447	18	(	(	PUNCT
gp-317	447	19	cspi	cspi	NOUN
gp-317	447	20	)	)	PUNCT
gp-317	447	21	in	in	ADP
gp-317	447	22	indonesian	indonesian	ADJ
gp-317	447	23	stock	stock	PROPN
gp-317	447	24	exchange	exchange	PROPN
gp-317	447	25	(	(	PUNCT
gp-317	447	26	idx	idx	PROPN
gp-317	447	27	)	)	PUNCT
gp-317	447	28	.	.	PUNCT
gp-317	448	1	economics	economics	PROPN
gp-317	448	2	&	&	CCONJ
gp-317	448	3	business	business	PROPN
gp-317	448	4	solutions	solution	NOUN
gp-317	448	5	journal	journal	NOUN
gp-317	448	6	,	,	PUNCT
gp-317	448	7	2(2	2(2	NUM
gp-317	448	8	)	)	PUNCT
gp-317	448	9	,	,	PUNCT
gp-317	448	10	49–58	49–58	PROPN
gp-317	448	11	.	.	PUNCT
gp-317	449	1	data	datum	NOUN
gp-317	449	2	indeks	indek	VERB
gp-317	449	3	dow	dow	PROPN
gp-317	449	4	jones	jones	PROPN
gp-317	449	5	(	(	PUNCT
gp-317	449	6	dow	dow	PROPN
gp-317	449	7	jones	jones	PROPN
gp-317	449	8	industrial	industrial	PROPN
gp-317	449	9	average	average	PROPN
gp-317	449	10	)	)	PUNCT
gp-317	449	11	dan	dan	PROPN
gp-317	449	12	harga	harga	PROPN
gp-317	449	13	saham	saham	PROPN
gp-317	449	14	perusahaan	perusahaan	PROPN
gp-317	449	15	lq45	lq45	PROPN
gp-317	449	16	.	.	PUNCT
gp-317	450	1	https://finance.yahoo.com	https://finance.yahoo.com	PROPN
gp-317	450	2	.	.	PUNCT
gp-317	451	1	di	di	PROPN
gp-317	451	2	akses	akse	VERB
gp-317	451	3	pada	pada	PROPN
gp-317	451	4	tanggal	tanggal	PROPN
gp-317	451	5	6	6	NUM
gp-317	451	6	januari	januari	NOUN
gp-317	451	7	2025	2025	NUM
gp-317	451	8	.	.	PUNCT
gp-317	452	1	the	the	DET
gp-317	452	2	influence	influence	NOUN
gp-317	452	3	of	of	ADP
gp-317	452	4	monetary	monetary	ADJ
gp-317	452	5	policy	policy	NOUN
gp-317	452	6	,	,	PUNCT
gp-317	452	7	macroeconomic	macroeconomic	ADJ
gp-317	452	8	variables	variable	NOUN
gp-317	452	9	,	,	PUNCT
gp-317	452	10	global	global	ADJ
gp-317	452	11	markets	market	NOUN
gp-317	452	12	,	,	PUNCT
gp-317	452	13	and	and	CCONJ
gp-317	452	14	internal	internal	ADJ
gp-317	452	15	company	company	NOUN
gp-317	452	16	factors	factor	NOUN
gp-317	452	17	on	on	ADP
gp-317	452	18	stock	stock	NOUN
gp-317	452	19	returns	return	NOUN
gp-317	452	20	of	of	ADP
gp-317	452	21	lq45	lq45	PROPN
gp-317	452	22	companies	company	NOUN
gp-317	452	23	on	on	ADP
gp-317	452	24	the	the	DET
gp-317	452	25	indonesian	indonesian	ADJ
gp-317	452	26	stock	stock	PROPN
gp-317	452	27	exchange	exchange	PROPN
gp-317	452	28	1712	1712	NUM
gp-317	452	29	daud	daud	PROPN
gp-317	452	30	,	,	PUNCT
gp-317	452	31	i	i	PRON
gp-317	452	32	,	,	PUNCT
gp-317	452	33	&	&	CCONJ
gp-317	452	34	sihombing	sihombing	PROPN
gp-317	452	35	,	,	PUNCT
gp-317	452	36	p.	p.	NOUN
gp-317	452	37	(	(	PUNCT
gp-317	452	38	2022	2022	NUM
gp-317	452	39	)	)	PUNCT
gp-317	452	40	.	.	PUNCT
gp-317	453	1	determinant	determinant	ADJ
gp-317	453	2	analysis	analysis	NOUN
gp-317	453	3	of	of	ADP
gp-317	453	4	macroeconomic	macroeconomic	ADJ
gp-317	453	5	effect	effect	NOUN
gp-317	453	6	on	on	ADP
gp-317	453	7	bank	bank	NOUN
gp-317	453	8	stock	stock	NOUN
gp-317	453	9	return	return	NOUN
gp-317	453	10	book	book	NOUN
gp-317	453	11	4	4	NUM
gp-317	453	12	on	on	ADP
gp-317	453	13	the	the	DET
gp-317	453	14	indonesia	indonesia	PROPN
gp-317	453	15	stock	stock	PROPN
gp-317	453	16	exchange	exchange	PROPN
gp-317	453	17	.	.	PUNCT
gp-317	454	1	budapest	budapest	PROPN
gp-317	454	2	international	international	ADJ
gp-317	454	3	research	research	PROPN
gp-317	454	4	and	and	CCONJ
gp-317	454	5	critics	critic	NOUN
gp-317	454	6	institute	institute	PROPN
gp-317	454	7	-	-	PUNCT
gp-317	454	8	journal	journal	PROPN
gp-317	454	9	,	,	PUNCT
gp-317	454	10	5(2	5(2	NUM
gp-317	454	11	)	)	PUNCT
gp-317	454	12	,	,	PUNCT
gp-317	454	13	506–519	506–519	NUM
gp-317	454	14	odhiambo	odhiambo	X
gp-317	454	15	,	,	PUNCT
gp-317	454	16	j.	j.	PROPN
gp-317	454	17	d.	d.	PROPN
gp-317	454	18	,	,	PUNCT
gp-317	454	19	murori	murori	ADV
gp-317	454	20	,	,	PUNCT
gp-317	454	21	c.	c.	PROPN
gp-317	454	22	k.	k.	PROPN
gp-317	454	23	,	,	PUNCT
gp-317	454	24	&	&	CCONJ
gp-317	454	25	aringo	aringo	PROPN
gp-317	454	26	,	,	PUNCT
gp-317	454	27	c.	c.	PROPN
gp-317	454	28	e.	e.	PROPN
gp-317	454	29	(	(	PUNCT
gp-317	454	30	2025	2025	NUM
gp-317	454	31	)	)	PUNCT
gp-317	454	32	.	.	PUNCT
gp-317	455	1	financial	financial	ADJ
gp-317	455	2	leverage	leverage	NOUN
gp-317	455	3	and	and	CCONJ
gp-317	455	4	firm	firm	ADJ
gp-317	455	5	performance	performance	NOUN
gp-317	455	6	:	:	PUNCT
gp-317	455	7	an	an	DET
gp-317	455	8	empirical	empirical	ADJ
gp-317	455	9	review	review	NOUN
gp-317	455	10	and	and	CCONJ
gp-317	455	11	analysis	analysis	NOUN
gp-317	455	12	.	.	PUNCT
gp-317	456	1	east	east	ADJ
gp-317	456	2	african	african	ADJ
gp-317	456	3	finance	finance	PROPN
gp-317	456	4	journal	journal	NOUN
gp-317	456	5	,	,	PUNCT
gp-317	456	6	4(1	4(1	NOUN
gp-317	456	7	)	)	PUNCT
gp-317	456	8	,	,	PUNCT
gp-317	456	9	25	25	NUM
gp-317	456	10	–	–	SYM
gp-317	456	11	35	35	NUM
gp-317	456	12	.	.	PUNCT
gp-317	457	1	rahayu	rahayu	PROPN
gp-317	457	2	,	,	PUNCT
gp-317	457	3	p.	p.	PROPN
gp-317	457	4	,	,	PUNCT
gp-317	457	5	lestari	lestari	PROPN
gp-317	457	6	,	,	PUNCT
gp-317	457	7	d.	d.	PROPN
gp-317	457	8	i.	i.	PROPN
gp-317	457	9	s.	s.	PROPN
gp-317	457	10	,	,	PUNCT
gp-317	457	11	&	&	CCONJ
gp-317	457	12	pandin	pandin	NOUN
gp-317	457	13	,	,	PUNCT
gp-317	457	14	m.	m.	PROPN
gp-317	457	15	y.	y.	PROPN
gp-317	457	16	r.	r.	PROPN
gp-317	457	17	(	(	PUNCT
gp-317	457	18	2024	2024	NUM
gp-317	457	19	)	)	PUNCT
gp-317	457	20	.	.	PUNCT
gp-317	458	1	the	the	DET
gp-317	458	2	effect	effect	NOUN
gp-317	458	3	of	of	ADP
gp-317	458	4	risk	risk	NOUN
gp-317	458	5	management	management	NOUN
gp-317	458	6	in	in	ADP
gp-317	458	7	improving	improve	VERB
gp-317	458	8	portfolio	portfolio	NOUN
gp-317	458	9	performance	performance	NOUN
gp-317	458	10	on	on	ADP
gp-317	458	11	lq45	lq45	PROPN
gp-317	458	12	stocks	stock	NOUN
gp-317	458	13	in	in	ADP
gp-317	458	14	the	the	DET
gp-317	458	15	indonesian	indonesian	ADJ
gp-317	458	16	capital	capital	NOUN
gp-317	458	17	market	market	NOUN
gp-317	458	18	.	.	PUNCT
gp-317	459	1	jurnal	jurnal	ADJ
gp-317	459	2	ilmiah	ilmiah	PROPN
gp-317	459	3	ekonomi	ekonomi	PROPN
gp-317	459	4	global	global	PROPN
gp-317	459	5	masa	masa	PROPN
gp-317	459	6	kini	kini	PROPN
gp-317	459	7	,	,	PUNCT
gp-317	459	8	15(2	15(2	NUM
gp-317	459	9	)	)	PUNCT
gp-317	459	10	,	,	PUNCT
gp-317	459	11	98–104	98–104	PROPN
gp-317	459	12	.	.	PUNCT
gp-317	460	1	the	the	DET
gp-317	460	2	idx	idx	NOUN
gp-317	460	3	has	have	VERB
gp-317	460	4	45	45	NUM
gp-317	460	5	stock	stock	NOUN
gp-317	460	6	index	index	NOUN
gp-317	460	7	classifications	classification	NOUN
gp-317	460	8	,	,	PUNCT
gp-317	460	9	one	one	NUM
gp-317	460	10	of	of	ADP
gp-317	460	11	which	which	PRON
gp-317	460	12	is	be	AUX
gp-317	460	13	the	the	DET
gp-317	460	14	lq45	lq45	PROPN
gp-317	460	15	index	index	NOUN
gp-317	460	16	.	.	PUNCT
gp-317	461	1	the	the	DET
gp-317	461	2	lq45	lq45	PROPN
gp-317	461	3	index	index	NOUN
gp-317	461	4	consists	consist	VERB
gp-317	461	5	of	of	ADP
gp-317	461	6	45	45	NUM
gp-317	461	7	companies	company	NOUN
gp-317	461	8	selected	select	VERB
gp-317	461	9	based	base	VERB
gp-317	461	10	on	on	ADP
gp-317	461	11	certain	certain	ADJ
gp-317	461	12	criteria	criterion	NOUN
gp-317	461	13	,	,	PUNCT
gp-317	461	14	including	include	VERB
gp-317	461	15	a	a	DET
gp-317	461	16	high	high	ADJ
gp-317	461	17	level	level	NOUN
gp-317	461	18	of	of	ADP
gp-317	461	19	liquidity	liquidity	NOUN
gp-317	461	20	(	(	PUNCT
gp-317	461	21	joshua	joshua	PROPN
gp-317	461	22	,	,	PUNCT
gp-317	461	23	2025)joshua	2025)joshua	PROPN
gp-317	461	24	,	,	PUNCT
gp-317	461	25	s.	s.	PROPN
gp-317	461	26	(	(	PUNCT
gp-317	461	27	2025	2025	NUM
gp-317	461	28	)	)	PUNCT
gp-317	461	29	.	.	PUNCT
gp-317	462	1	the	the	DET
gp-317	462	2	effect	effect	NOUN
gp-317	462	3	of	of	ADP
gp-317	462	4	liquidity	liquidity	NOUN
gp-317	462	5	,	,	PUNCT
gp-317	462	6	profitability	profitability	NOUN
gp-317	462	7	,	,	PUNCT
gp-317	462	8	and	and	CCONJ
gp-317	462	9	solvency	solvency	NOUN
gp-317	462	10	on	on	ADP
gp-317	462	11	stock	stock	NOUN
gp-317	462	12	prices	price	NOUN
gp-317	462	13	in	in	ADP
gp-317	462	14	lq-45	lq-45	DET
gp-317	462	15	companies	company	NOUN
gp-317	462	16	listed	list	VERB
gp-317	462	17	on	on	ADP
gp-317	462	18	the	the	DET
gp-317	462	19	indonesia	indonesia	PROPN
gp-317	462	20	stock	stock	PROPN
gp-317	462	21	exchange	exchange	PROPN
gp-317	462	22	(	(	PUNCT
gp-317	462	23	idx	idx	PROPN
gp-317	462	24	)	)	PUNCT
gp-317	462	25	for	for	ADP
gp-317	462	26	the	the	DET
gp-317	462	27	period	period	NOUN
gp-317	462	28	2020	2020	NUM
gp-317	462	29	-	-	SYM
gp-317	462	30	2022	2022	NUM
gp-317	462	31	.	.	PUNCT
gp-317	463	1	journal	journal	NOUN
gp-317	463	2	of	of	ADP
gp-317	463	3	applied	apply	VERB
gp-317	463	4	accounting	accounting	NOUN
gp-317	463	5	and	and	CCONJ
gp-317	463	6	sustainable	sustainable	ADJ
gp-317	463	7	finance	finance	NOUN
gp-317	463	8	,	,	PUNCT
gp-317	463	9	1(1	1(1	NUM
gp-317	463	10	)	)	PUNCT
gp-317	463	11	,	,	PUNCT
gp-317	463	12	54–68	54–68	PROPN
gp-317	463	13	.	.	PUNCT
gp-317	464	1	wardani	wardani	PROPN
gp-317	464	2	,	,	PUNCT
gp-317	464	3	o.	o.	PROPN
gp-317	464	4	n.	n.	PROPN
gp-317	464	5	,	,	PUNCT
gp-317	464	6	&	&	CCONJ
gp-317	464	7	yusniar	yusniar	PROPN
gp-317	464	8	,	,	PUNCT
gp-317	464	9	m.	m.	NOUN
gp-317	464	10	w.	w.	PROPN
gp-317	464	11	(	(	PUNCT
gp-317	464	12	2024	2024	NUM
gp-317	464	13	)	)	PUNCT
gp-317	464	14	.	.	PUNCT
gp-317	465	1	the	the	DET
gp-317	465	2	impact	impact	NOUN
gp-317	465	3	of	of	ADP
gp-317	465	4	the	the	DET
gp-317	465	5	new	new	ADJ
gp-317	465	6	normal	normal	ADJ
gp-317	465	7	era	era	NOUN
gp-317	465	8	on	on	ADP
gp-317	465	9	investor	investor	NOUN
gp-317	465	10	trading	trading	NOUN
gp-317	465	11	behavior	behavior	NOUN
gp-317	465	12	:	:	PUNCT
gp-317	465	13	evidence	evidence	NOUN
gp-317	465	14	from	from	ADP
gp-317	465	15	the	the	DET
gp-317	465	16	idx	idx	PROPN
gp-317	465	17	capital	capital	NOUN
gp-317	465	18	market	market	NOUN
gp-317	465	19	school	school	NOUN
gp-317	465	20	,	,	PUNCT
gp-317	465	21	central	central	ADJ
gp-317	465	22	kalimantan	kalimantan	PROPN
gp-317	465	23	province	province	PROPN
gp-317	465	24	,	,	PUNCT
gp-317	465	25	indonesia	indonesia	PROPN
gp-317	465	26	.	.	PUNCT
gp-317	466	1	open	open	ADJ
gp-317	466	2	access	access	PROPN
gp-317	466	3	indonesia	indonesia	PROPN
gp-317	466	4	journal	journal	PROPN
gp-317	466	5	of	of	ADP
gp-317	466	6	social	social	ADJ
gp-317	466	7	sciences	science	NOUN
gp-317	466	8	,	,	PUNCT
gp-317	466	9	7(5	7(5	NUM
gp-317	466	10	)	)	PUNCT
gp-317	466	11	,	,	PUNCT
gp-317	466	12	1732	1732	NUM
gp-317	466	13	–	–	PUNCT
gp-317	466	14	1743	1743	NUM
gp-317	466	15	.	.	PUNCT
gp-317	467	1	when	when	SCONJ
gp-317	467	2	making	make	VERB
gp-317	467	3	investment	investment	NOUN
gp-317	467	4	decisions	decision	NOUN
gp-317	467	5	,	,	PUNCT
gp-317	467	6	two	two	NUM
gp-317	467	7	factors	factor	NOUN
gp-317	467	8	must	must	AUX
gp-317	467	9	be	be	AUX
gp-317	467	10	considered	consider	VERB
gp-317	467	11	:	:	PUNCT
gp-317	467	12	risk	risk	NOUN
gp-317	467	13	and	and	CCONJ
gp-317	467	14	return	return	VERB
gp-317	467	15	.	.	PUNCT
gp-317	468	1	according	accord	VERB
gp-317	468	2	to	to	ADP
gp-317	468	3	alzou'bi	alzou'bi	NOUN
gp-317	468	4	et	et	PROPN
gp-317	468	5	al	al	PROPN
gp-317	468	6	.	.	PROPN
gp-317	469	1	(	(	PUNCT
gp-317	469	2	2020	2020	NUM
gp-317	469	3	)	)	PUNCT
gp-317	469	4	,	,	PUNCT
gp-317	469	5	return	return	NOUN
gp-317	469	6	is	be	AUX
gp-317	469	7	the	the	DET
gp-317	469	8	wealth	wealth	NOUN
gp-317	469	9	generated	generate	VERB
gp-317	469	10	from	from	ADP
gp-317	469	11	a	a	DET
gp-317	469	12	specific	specific	ADJ
gp-317	469	13	level	level	NOUN
gp-317	469	14	of	of	ADP
gp-317	469	15	risk	risk	NOUN
gp-317	469	16	,	,	PUNCT
gp-317	469	17	allowing	allow	VERB
gp-317	469	18	efficient	efficient	ADJ
gp-317	469	19	cmusyoka	cmusyoka	NOUN
gp-317	469	20	,	,	PUNCT
gp-317	469	21	n.	n.	NOUN
gp-317	469	22	,	,	PUNCT
gp-317	469	23	&	&	CCONJ
gp-317	469	24	ocharo	ocharo	PROPN
gp-317	469	25	,	,	PUNCT
gp-317	469	26	k.	k.	PROPN
gp-317	469	27	n.	n.	PROPN
gp-317	469	28	(	(	PUNCT
gp-317	469	29	2018	2018	NUM
gp-317	469	30	)	)	PUNCT
gp-317	469	31	.	.	PUNCT
gp-317	470	1	real	real	ADJ
gp-317	470	2	interest	interest	NOUN
gp-317	470	3	rate	rate	NOUN
gp-317	470	4	,	,	PUNCT
gp-317	470	5	inflation	inflation	NOUN
gp-317	470	6	,	,	PUNCT
gp-317	470	7	exchange	exchange	NOUN
gp-317	470	8	rate	rate	NOUN
gp-317	470	9	,	,	PUNCT
gp-317	470	10	competitiveness	competitiveness	NOUN
gp-317	470	11	and	and	CCONJ
gp-317	470	12	foreign	foreign	ADJ
gp-317	470	13	direct	direct	ADJ
gp-317	470	14	investment	investment	NOUN
gp-317	470	15	in	in	ADP
gp-317	470	16	kenya	kenya	PROPN
gp-317	470	17	.	.	PUNCT
gp-317	471	1	wibowo	wibowo	PROPN
gp-317	471	2	,	,	PUNCT
gp-317	471	3	r.	r.	PROPN
gp-317	471	4	s.	s.	PROPN
gp-317	471	5	,	,	PUNCT
gp-317	471	6	alamsyah	alamsyah	PROPN
gp-317	471	7	,	,	PUNCT
gp-317	471	8	a.	a.	PROPN
gp-317	471	9	r.	r.	PROPN
gp-317	471	10	,	,	PUNCT
gp-317	471	11	&	&	CCONJ
gp-317	471	12	rachmawati	rachmawati	PROPN
gp-317	471	13	,	,	PUNCT
gp-317	471	14	i.	i.	PROPN
gp-317	471	15	k.	k.	PROPN
gp-317	471	16	(	(	PUNCT
gp-317	471	17	2023	2023	NUM
gp-317	471	18	)	)	PUNCT
gp-317	471	19	.	.	PUNCT
gp-317	472	1	the	the	DET
gp-317	472	2	effect	effect	NOUN
gp-317	472	3	of	of	ADP
gp-317	472	4	fundamental	fundamental	ADJ
gp-317	472	5	factors	factor	NOUN
gp-317	472	6	and	and	CCONJ
gp-317	472	7	systematic	systematic	ADJ
gp-317	472	8	risk	risk	NOUN
gp-317	472	9	on	on	ADP
gp-317	472	10	the	the	DET
gp-317	472	11	return	return	NOUN
gp-317	472	12	of	of	ADP
gp-317	472	13	lq45	lq45	PROPN
gp-317	472	14	shares	share	NOUN
gp-317	472	15	listed	list	VERB
gp-317	472	16	on	on	ADP
gp-317	472	17	the	the	DET
gp-317	472	18	indonesia	indonesia	PROPN
gp-317	472	19	copyright	copyright	PROPN
gp-317	472	20	holders	holder	NOUN
gp-317	472	21	:	:	PUNCT
gp-317	472	22	rifa	rifa	PROPN
gp-317	472	23	mutia	mutia	NOUN
gp-317	472	24	(	(	PUNCT
gp-317	472	25	2025	2025	NUM
gp-317	472	26	)	)	PUNCT
gp-317	472	27	first	first	ADJ
gp-317	472	28	publication	publication	NOUN
gp-317	472	29	right	right	NOUN
gp-317	472	30	:	:	PUNCT
gp-317	472	31	ajemb	ajemb	PROPN
gp-317	472	32	–	–	PUNCT
gp-317	472	33	american	american	ADJ
gp-317	472	34	journal	journal	PROPN
gp-317	472	35	of	of	ADP
gp-317	472	36	economic	economic	ADJ
gp-317	472	37	and	and	CCONJ
gp-317	472	38	management	management	NOUN
gp-317	472	39	business	business	NOUN