id	sid	tid	token	lemma	pos
arjefm-1231	1	1	american	american	PROPN
arjefm-1231	1	2	research	research	PROPN
arjefm-1231	1	3	journal	journal	PROPN
arjefm-1231	1	4	of	of	ADP
arjefm-1231	1	5	economics	economic	NOUN
arjefm-1231	1	6	,	,	PUNCT
arjefm-1231	1	7	finance	finance	NOUN
arjefm-1231	1	8	and	and	CCONJ
arjefm-1231	1	9	management	management	NOUN
arjefm-1231	1	10	volume	volume	NOUN
arjefm-1231	1	11	13	13	NUM
arjefm-1231	1	12	issue	issue	NOUN
arjefm-1231	1	13	3	3	NUM
arjefm-1231	1	14	,	,	PUNCT
arjefm-1231	1	15	july	july	PROPN
arjefm-1231	1	16	-	-	PUNCT
arjefm-1231	1	17	september	september	PROPN
arjefm-1231	1	18	2025	2025	NUM
arjefm-1231	1	19	issn	issn	NOUN
arjefm-1231	1	20	:	:	PUNCT
arjefm-1231	1	21	2836	2836	NUM
arjefm-1231	1	22	-	-	SYM
arjefm-1231	1	23	9416	9416	NUM
arjefm-1231	1	24	impact	impact	NOUN
arjefm-1231	1	25	factor	factor	NOUN
arjefm-1231	1	26	:	:	PUNCT
arjefm-1231	1	27	6.41	6.41	NUM
arjefm-1231	1	28	journal	journal	NOUN
arjefm-1231	1	29	homepage	homepage	NOUN
arjefm-1231	1	30	:	:	PUNCT
arjefm-1231	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	1	32	email	email	NOUN
arjefm-1231	1	33	:	:	PUNCT
arjefm-1231	1	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	1	35	official	official	ADJ
arjefm-1231	1	36	journal	journal	PROPN
arjefm-1231	1	37	of	of	ADP
arjefm-1231	1	38	america	america	PROPN
arjefm-1231	1	39	serial	serial	PROPN
arjefm-1231	1	40	publication	publication	NOUN
arjefm-1231	1	41	american	american	PROPN
arjefm-1231	1	42	research	research	PROPN
arjefm-1231	1	43	journal	journal	PROPN
arjefm-1231	1	44	of	of	ADP
arjefm-1231	1	45	economics	economic	NOUN
arjefm-1231	1	46	,	,	PUNCT
arjefm-1231	1	47	finance	finance	NOUN
arjefm-1231	1	48	and	and	CCONJ
arjefm-1231	1	49	management	management	NOUN
arjefm-1231	1	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	1	51	,	,	PUNCT
arjefm-1231	1	52	email	email	NOUN
arjefm-1231	1	53	:	:	PUNCT
arjefm-1231	1	54	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	2	1	38	38	NUM
arjefm-1231	3	1	|	|	ADV
arjefm-1231	3	2	p	p	NOUN
arjefm-1231	3	3	a	a	DET
arjefm-1231	3	4	g	g	NOUN
arjefm-1231	3	5	e	e	PROPN
arjefm-1231	3	6	green	green	ADJ
arjefm-1231	3	7	financial	financial	ADJ
arjefm-1231	3	8	management	management	NOUN
arjefm-1231	3	9	practice	practice	NOUN
arjefm-1231	3	10	and	and	CCONJ
arjefm-1231	3	11	corporate	corporate	ADJ
arjefm-1231	3	12	financial	financial	ADJ
arjefm-1231	3	13	performance	performance	NOUN
arjefm-1231	3	14	in	in	ADP
arjefm-1231	3	15	nigeria	nigeria	PROPN
arjefm-1231	3	16	nwachukwu	nwachukwu	PROPN
arjefm-1231	3	17	basilia	basilia	PROPN
arjefm-1231	3	18	chiamaka	chiamaka	NOUN
arjefm-1231	3	19	(	(	PUNCT
arjefm-1231	3	20	phd	phd	NOUN
arjefm-1231	3	21	)	)	PUNCT
arjefm-1231	3	22	and	and	CCONJ
arjefm-1231	3	23	odo	odo	PROPN
arjefm-1231	3	24	john	john	PROPN
arjefm-1231	3	25	onyemaechi	onyemaechi	PROPN
arjefm-1231	3	26	(	(	PUNCT
arjefm-1231	3	27	ph.d	ph.d	PROPN
arjefm-1231	3	28	)	)	PUNCT
arjefm-1231	3	29	department	department	PROPN
arjefm-1231	3	30	of	of	ADP
arjefm-1231	3	31	accountancy	accountancy	NOUN
arjefm-1231	3	32	,	,	PUNCT
arjefm-1231	3	33	godfrey	godfrey	PROPN
arjefm-1231	3	34	okoye	okoye	PROPN
arjefm-1231	3	35	university	university	PROPN
arjefm-1231	3	36	,	,	PUNCT
arjefm-1231	3	37	enugu	enugu	PROPN
arjefm-1231	3	38	doi	doi	PROPN
arjefm-1231	3	39	:	:	PUNCT
arjefm-1231	3	40	https://doi.org/10.5281/zenodo.15878435	https://doi.org/10.5281/zenodo.15878435	ADJ
arjefm-1231	3	41	abstract	abstract	NOUN
arjefm-1231	3	42	:	:	PUNCT
arjefm-1231	3	43	the	the	DET
arjefm-1231	3	44	study	study	NOUN
arjefm-1231	3	45	examined	examine	VERB
arjefm-1231	3	46	the	the	DET
arjefm-1231	3	47	effect	effect	NOUN
arjefm-1231	3	48	of	of	ADP
arjefm-1231	3	49	green	green	ADJ
arjefm-1231	3	50	financial	financial	ADJ
arjefm-1231	3	51	management	management	NOUN
arjefm-1231	3	52	practice	practice	NOUN
arjefm-1231	3	53	on	on	ADP
arjefm-1231	3	54	corporate	corporate	ADJ
arjefm-1231	3	55	financial	financial	ADJ
arjefm-1231	3	56	performance	performance	NOUN
arjefm-1231	3	57	in	in	ADP
arjefm-1231	3	58	nigeria	nigeria	PROPN
arjefm-1231	3	59	.	.	PUNCT
arjefm-1231	4	1	the	the	DET
arjefm-1231	4	2	specific	specific	ADJ
arjefm-1231	4	3	objectives	objective	NOUN
arjefm-1231	4	4	are	be	AUX
arjefm-1231	4	5	to	to	PART
arjefm-1231	4	6	;	;	PUNCT
arjefm-1231	4	7	examine	examine	VERB
arjefm-1231	4	8	the	the	DET
arjefm-1231	4	9	effect	effect	NOUN
arjefm-1231	4	10	of	of	ADP
arjefm-1231	4	11	loan	loan	NOUN
arjefm-1231	4	12	loss	loss	NOUN
arjefm-1231	4	13	provision	provision	NOUN
arjefm-1231	4	14	on	on	ADP
arjefm-1231	4	15	the	the	DET
arjefm-1231	4	16	financial	financial	ADJ
arjefm-1231	4	17	performance	performance	NOUN
arjefm-1231	4	18	in	in	ADP
arjefm-1231	4	19	nigeria	nigeria	PROPN
arjefm-1231	4	20	and	and	CCONJ
arjefm-1231	4	21	evaluate	evaluate	VERB
arjefm-1231	4	22	the	the	DET
arjefm-1231	4	23	effect	effect	NOUN
arjefm-1231	4	24	of	of	ADP
arjefm-1231	4	25	green	green	ADJ
arjefm-1231	4	26	bonds	bond	NOUN
arjefm-1231	4	27	on	on	ADP
arjefm-1231	4	28	the	the	DET
arjefm-1231	4	29	financial	financial	ADJ
arjefm-1231	4	30	performance	performance	NOUN
arjefm-1231	4	31	in	in	ADP
arjefm-1231	4	32	nigeria	nigeria	PROPN
arjefm-1231	4	33	.	.	PUNCT
arjefm-1231	5	1	an	an	DET
arjefm-1231	5	2	ex	ex	ADJ
arjefm-1231	5	3	-	-	ADJ
arjefm-1231	5	4	post	post	ADJ
arjefm-1231	5	5	factor	factor	NOUN
arjefm-1231	5	6	research	research	NOUN
arjefm-1231	5	7	design	design	NOUN
arjefm-1231	5	8	was	be	AUX
arjefm-1231	5	9	adopted	adopt	VERB
arjefm-1231	5	10	for	for	ADP
arjefm-1231	5	11	the	the	DET
arjefm-1231	5	12	study	study	NOUN
arjefm-1231	5	13	.	.	PUNCT
arjefm-1231	6	1	the	the	DET
arjefm-1231	6	2	data	datum	NOUN
arjefm-1231	6	3	was	be	AUX
arjefm-1231	6	4	collected	collect	VERB
arjefm-1231	6	5	from	from	ADP
arjefm-1231	6	6	the	the	DET
arjefm-1231	6	7	annual	annual	ADJ
arjefm-1231	6	8	account	account	NOUN
arjefm-1231	6	9	statement	statement	NOUN
arjefm-1231	6	10	and	and	CCONJ
arjefm-1231	6	11	corporate	corporate	ADJ
arjefm-1231	6	12	financial	financial	ADJ
arjefm-1231	6	13	reporting	reporting	NOUN
arjefm-1231	6	14	listed	list	VERB
arjefm-1231	6	15	in	in	ADP
arjefm-1231	6	16	the	the	DET
arjefm-1231	6	17	nigeria	nigeria	PROPN
arjefm-1231	6	18	exchange	exchange	PROPN
arjefm-1231	6	19	group	group	NOUN
arjefm-1231	6	20	.	.	PUNCT
arjefm-1231	7	1	the	the	DET
arjefm-1231	7	2	data	datum	NOUN
arjefm-1231	7	3	collected	collect	VERB
arjefm-1231	7	4	was	be	AUX
arjefm-1231	7	5	analyzed	analyze	VERB
arjefm-1231	7	6	using	use	VERB
arjefm-1231	7	7	a	a	DET
arjefm-1231	7	8	panel	panel	NOUN
arjefm-1231	7	9	data	datum	NOUN
arjefm-1231	7	10	analysis	analysis	NOUN
arjefm-1231	7	11	.	.	PUNCT
arjefm-1231	8	1	the	the	DET
arjefm-1231	8	2	results	result	NOUN
arjefm-1231	8	3	reveal	reveal	VERB
arjefm-1231	8	4	that	that	SCONJ
arjefm-1231	8	5	loan	loan	NOUN
arjefm-1231	8	6	loss	loss	NOUN
arjefm-1231	8	7	provision	provision	NOUN
arjefm-1231	8	8	has	have	VERB
arjefm-1231	8	9	a	a	DET
arjefm-1231	8	10	significant	significant	ADJ
arjefm-1231	8	11	effect	effect	NOUN
arjefm-1231	8	12	on	on	ADP
arjefm-1231	8	13	financial	financial	ADJ
arjefm-1231	8	14	performance	performance	NOUN
arjefm-1231	8	15	with	with	ADP
arjefm-1231	8	16	a	a	DET
arjefm-1231	8	17	coefficient	coefficient	NOUN
arjefm-1231	8	18	of	of	ADP
arjefm-1231	8	19	1025.15	1025.15	NUM
arjefm-1231	8	20	(	(	PUNCT
arjefm-1231	8	21	0.006	0.006	NUM
arjefm-1231	8	22	)	)	PUNCT
arjefm-1231	8	23	.	.	PUNCT
arjefm-1231	9	1	while	while	SCONJ
arjefm-1231	9	2	green	green	ADJ
arjefm-1231	9	3	bonds	bond	NOUN
arjefm-1231	9	4	have	have	VERB
arjefm-1231	9	5	no	no	DET
arjefm-1231	9	6	significant	significant	ADJ
arjefm-1231	9	7	effect	effect	NOUN
arjefm-1231	9	8	on	on	ADP
arjefm-1231	9	9	the	the	DET
arjefm-1231	9	10	financial	financial	ADJ
arjefm-1231	9	11	performance	performance	NOUN
arjefm-1231	9	12	-813.624	-813.624	NOUN
arjefm-1231	9	13	(	(	PUNCT
arjefm-1231	9	14	0.617	0.617	NUM
arjefm-1231	9	15	)	)	PUNCT
arjefm-1231	9	16	in	in	ADP
arjefm-1231	9	17	nigeria	nigeria	PROPN
arjefm-1231	9	18	.	.	PUNCT
arjefm-1231	10	1	the	the	DET
arjefm-1231	10	2	study	study	NOUN
arjefm-1231	10	3	concludes	conclude	VERB
arjefm-1231	10	4	that	that	SCONJ
arjefm-1231	10	5	green	green	ADJ
arjefm-1231	10	6	financial	financial	ADJ
arjefm-1231	10	7	management	management	NOUN
arjefm-1231	10	8	practice	practice	NOUN
arjefm-1231	10	9	has	have	VERB
arjefm-1231	10	10	a	a	DET
arjefm-1231	10	11	significant	significant	ADJ
arjefm-1231	10	12	effect	effect	NOUN
arjefm-1231	10	13	on	on	ADP
arjefm-1231	10	14	corporate	corporate	ADJ
arjefm-1231	10	15	financial	financial	ADJ
arjefm-1231	10	16	performance	performance	NOUN
arjefm-1231	10	17	in	in	ADP
arjefm-1231	10	18	nigeria	nigeria	PROPN
arjefm-1231	10	19	.	.	PUNCT
arjefm-1231	11	1	the	the	DET
arjefm-1231	11	2	study	study	NOUN
arjefm-1231	11	3	recommended	recommend	VERB
arjefm-1231	11	4	among	among	ADP
arjefm-1231	11	5	others	other	NOUN
arjefm-1231	11	6	that	that	SCONJ
arjefm-1231	11	7	corporations	corporation	NOUN
arjefm-1231	11	8	should	should	AUX
arjefm-1231	11	9	prioritize	prioritize	VERB
arjefm-1231	11	10	the	the	DET
arjefm-1231	11	11	establishment	establishment	NOUN
arjefm-1231	11	12	and	and	CCONJ
arjefm-1231	11	13	maintenance	maintenance	NOUN
arjefm-1231	11	14	of	of	ADP
arjefm-1231	11	15	robust	robust	ADJ
arjefm-1231	11	16	loan	loan	NOUN
arjefm-1231	11	17	loss	loss	NOUN
arjefm-1231	11	18	provisioning	provision	VERB
arjefm-1231	11	19	frameworks	framework	NOUN
arjefm-1231	11	20	.	.	PUNCT
arjefm-1231	12	1	this	this	PRON
arjefm-1231	12	2	will	will	AUX
arjefm-1231	12	3	not	not	PART
arjefm-1231	12	4	only	only	ADV
arjefm-1231	12	5	mitigate	mitigate	VERB
arjefm-1231	12	6	financial	financial	ADJ
arjefm-1231	12	7	risks	risk	NOUN
arjefm-1231	12	8	but	but	CCONJ
arjefm-1231	12	9	also	also	ADV
arjefm-1231	12	10	contribute	contribute	VERB
arjefm-1231	12	11	to	to	ADP
arjefm-1231	12	12	improved	improve	VERB
arjefm-1231	12	13	financial	financial	ADJ
arjefm-1231	12	14	performance	performance	NOUN
arjefm-1231	12	15	.	.	PUNCT
arjefm-1231	13	1	keywords	keyword	NOUN
arjefm-1231	13	2	:	:	PUNCT
arjefm-1231	13	3	corporate	corporate	ADJ
arjefm-1231	13	4	,	,	PUNCT
arjefm-1231	13	5	financial	financial	ADJ
arjefm-1231	13	6	,	,	PUNCT
arjefm-1231	13	7	management	management	NOUN
arjefm-1231	13	8	,	,	PUNCT
arjefm-1231	13	9	practice	practice	NOUN
arjefm-1231	13	10	,	,	PUNCT
arjefm-1231	13	11	performance	performance	NOUN
arjefm-1231	13	12	1.1	1.1	NUM
arjefm-1231	13	13	introduction	introduction	NOUN
arjefm-1231	13	14	green	green	ADJ
arjefm-1231	13	15	financial	financial	ADJ
arjefm-1231	13	16	management	management	NOUN
arjefm-1231	13	17	practice	practice	NOUN
arjefm-1231	13	18	(	(	PUNCT
arjefm-1231	13	19	gfmp	gfmp	NOUN
arjefm-1231	13	20	)	)	PUNCT
arjefm-1231	13	21	is	be	AUX
arjefm-1231	13	22	a	a	DET
arjefm-1231	13	23	strategic	strategic	ADJ
arjefm-1231	13	24	approach	approach	NOUN
arjefm-1231	13	25	that	that	PRON
arjefm-1231	13	26	integrates	integrate	VERB
arjefm-1231	13	27	environmental	environmental	ADJ
arjefm-1231	13	28	sustainability	sustainability	NOUN
arjefm-1231	13	29	into	into	ADP
arjefm-1231	13	30	financial	financial	ADJ
arjefm-1231	13	31	decision	decision	NOUN
arjefm-1231	13	32	-	-	PUNCT
arjefm-1231	13	33	making	making	NOUN
arjefm-1231	13	34	(	(	PUNCT
arjefm-1231	13	35	srivastava	srivastava	PROPN
arjefm-1231	13	36	et	et	PROPN
arjefm-1231	13	37	al	al	PROPN
arjefm-1231	13	38	2022	2022	NUM
arjefm-1231	13	39	)	)	PUNCT
arjefm-1231	13	40	.	.	PUNCT
arjefm-1231	14	1	it	it	PRON
arjefm-1231	14	2	involves	involve	VERB
arjefm-1231	14	3	adopting	adopt	VERB
arjefm-1231	14	4	eco	eco	NOUN
arjefm-1231	14	5	-	-	PUNCT
arjefm-1231	14	6	friendly	friendly	ADJ
arjefm-1231	14	7	investment	investment	NOUN
arjefm-1231	14	8	strategies	strategy	NOUN
arjefm-1231	14	9	,	,	PUNCT
arjefm-1231	14	10	sustainable	sustainable	ADJ
arjefm-1231	14	11	budgeting	budgeting	NOUN
arjefm-1231	14	12	,	,	PUNCT
arjefm-1231	14	13	and	and	CCONJ
arjefm-1231	14	14	responsible	responsible	ADJ
arjefm-1231	14	15	resource	resource	NOUN
arjefm-1231	14	16	allocation	allocation	NOUN
arjefm-1231	14	17	to	to	PART
arjefm-1231	14	18	minimize	minimize	VERB
arjefm-1231	14	19	environmental	environmental	ADJ
arjefm-1231	14	20	impact	impact	NOUN
arjefm-1231	14	21	while	while	SCONJ
arjefm-1231	14	22	ensuring	ensure	VERB
arjefm-1231	14	23	long	long	ADJ
arjefm-1231	14	24	-	-	PUNCT
arjefm-1231	14	25	term	term	NOUN
arjefm-1231	14	26	financial	financial	ADJ
arjefm-1231	14	27	stability	stability	NOUN
arjefm-1231	14	28	.	.	PUNCT
arjefm-1231	15	1	gfmp	gfmp	NOUN
arjefm-1231	15	2	encompasses	encompass	VERB
arjefm-1231	15	3	various	various	ADJ
arjefm-1231	15	4	practices	practice	NOUN
arjefm-1231	15	5	such	such	ADJ
arjefm-1231	15	6	as	as	ADP
arjefm-1231	15	7	green	green	ADJ
arjefm-1231	15	8	investments	investment	NOUN
arjefm-1231	15	9	,	,	PUNCT
arjefm-1231	15	10	carbon	carbon	NOUN
arjefm-1231	15	11	footprint	footprint	NOUN
arjefm-1231	15	12	reduction	reduction	NOUN
arjefm-1231	15	13	,	,	PUNCT
arjefm-1231	15	14	energy	energy	NOUN
arjefm-1231	15	15	-	-	PUNCT
arjefm-1231	15	16	efficient	efficient	ADJ
arjefm-1231	15	17	cost	cost	NOUN
arjefm-1231	15	18	management	management	NOUN
arjefm-1231	15	19	,	,	PUNCT
arjefm-1231	15	20	and	and	CCONJ
arjefm-1231	15	21	adherence	adherence	NOUN
arjefm-1231	15	22	to	to	ADP
arjefm-1231	15	23	environmental	environmental	ADJ
arjefm-1231	15	24	regulations	regulation	NOUN
arjefm-1231	15	25	(	(	PUNCT
arjefm-1231	15	26	tien	tien	PROPN
arjefm-1231	15	27	,	,	PUNCT
arjefm-1231	15	28	et	et	PROPN
arjefm-1231	15	29	al	al	PROPN
arjefm-1231	15	30	2020	2020	NUM
arjefm-1231	15	31	)	)	PUNCT
arjefm-1231	15	32	.	.	PUNCT
arjefm-1231	16	1	as	as	SCONJ
arjefm-1231	16	2	businesses	business	NOUN
arjefm-1231	16	3	face	face	VERB
arjefm-1231	16	4	increasing	increase	VERB
arjefm-1231	16	5	pressure	pressure	NOUN
arjefm-1231	16	6	from	from	ADP
arjefm-1231	16	7	stakeholders	stakeholder	NOUN
arjefm-1231	16	8	,	,	PUNCT
arjefm-1231	16	9	regulators	regulator	NOUN
arjefm-1231	16	10	,	,	PUNCT
arjefm-1231	16	11	and	and	CCONJ
arjefm-1231	16	12	consumers	consumer	NOUN
arjefm-1231	16	13	to	to	PART
arjefm-1231	16	14	operate	operate	VERB
arjefm-1231	16	15	sustainably	sustainably	ADV
arjefm-1231	16	16	,	,	PUNCT
arjefm-1231	16	17	green	green	ADJ
arjefm-1231	16	18	financial	financial	ADJ
arjefm-1231	16	19	management	management	NOUN
arjefm-1231	16	20	has	have	AUX
arjefm-1231	16	21	emerged	emerge	VERB
arjefm-1231	16	22	as	as	ADP
arjefm-1231	16	23	a	a	DET
arjefm-1231	16	24	crucial	crucial	ADJ
arjefm-1231	16	25	tool	tool	NOUN
arjefm-1231	16	26	for	for	ADP
arjefm-1231	16	27	achieving	achieve	VERB
arjefm-1231	16	28	both	both	CCONJ
arjefm-1231	16	29	financial	financial	ADJ
arjefm-1231	16	30	and	and	CCONJ
arjefm-1231	16	31	environmental	environmental	ADJ
arjefm-1231	16	32	objectives	objective	NOUN
arjefm-1231	16	33	(	(	PUNCT
arjefm-1231	16	34	srivastava	srivastava	PROPN
arjefm-1231	16	35	et	et	PROPN
arjefm-1231	16	36	al	al	PROPN
arjefm-1231	16	37	2022	2022	NUM
arjefm-1231	16	38	)	)	PUNCT
arjefm-1231	16	39	.	.	PUNCT
arjefm-1231	17	1	companies	company	NOUN
arjefm-1231	17	2	that	that	PRON
arjefm-1231	17	3	embrace	embrace	VERB
arjefm-1231	17	4	gfmp	gfmp	NOUN
arjefm-1231	17	5	can	can	AUX
arjefm-1231	17	6	benefit	benefit	VERB
arjefm-1231	17	7	from	from	ADP
arjefm-1231	17	8	reduced	reduce	VERB
arjefm-1231	17	9	operational	operational	ADJ
arjefm-1231	17	10	costs	cost	NOUN
arjefm-1231	17	11	,	,	PUNCT
arjefm-1231	17	12	enhanced	enhance	VERB
arjefm-1231	17	13	corporate	corporate	ADJ
arjefm-1231	17	14	reputation	reputation	NOUN
arjefm-1231	17	15	,	,	PUNCT
arjefm-1231	17	16	and	and	CCONJ
arjefm-1231	17	17	improved	improve	VERB
arjefm-1231	17	18	access	access	NOUN
arjefm-1231	17	19	to	to	ADP
arjefm-1231	17	20	green	green	ADJ
arjefm-1231	17	21	financing	financing	NOUN
arjefm-1231	17	22	opportunities	opportunity	NOUN
arjefm-1231	17	23	.	.	PUNCT
arjefm-1231	18	1	additionally	additionally	ADV
arjefm-1231	18	2	,	,	PUNCT
arjefm-1231	18	3	it	it	PRON
arjefm-1231	18	4	helps	help	VERB
arjefm-1231	18	5	mitigate	mitigate	VERB
arjefm-1231	18	6	risks	risk	NOUN
arjefm-1231	18	7	associated	associate	VERB
arjefm-1231	18	8	with	with	ADP
arjefm-1231	18	9	environmental	environmental	ADJ
arjefm-1231	18	10	challenges	challenge	NOUN
arjefm-1231	18	11	,	,	PUNCT
arjefm-1231	18	12	regulatory	regulatory	ADJ
arjefm-1231	18	13	non	non	NOUN
arjefm-1231	18	14	-	-	NOUN
arjefm-1231	18	15	compliance	compliance	NOUN
arjefm-1231	18	16	,	,	PUNCT
arjefm-1231	18	17	and	and	CCONJ
arjefm-1231	18	18	shifting	shift	VERB
arjefm-1231	18	19	market	market	NOUN
arjefm-1231	18	20	expectations	expectation	NOUN
arjefm-1231	18	21	.	.	PUNCT
arjefm-1231	19	1	the	the	DET
arjefm-1231	19	2	adoption	adoption	NOUN
arjefm-1231	19	3	of	of	ADP
arjefm-1231	19	4	gfmp	gfmp	NOUN
arjefm-1231	19	5	reflects	reflect	VERB
arjefm-1231	19	6	a	a	DET
arjefm-1231	19	7	broader	broad	ADJ
arjefm-1231	19	8	shift	shift	NOUN
arjefm-1231	19	9	towards	towards	ADP
arjefm-1231	19	10	sustainable	sustainable	ADJ
arjefm-1231	19	11	corporate	corporate	ADJ
arjefm-1231	19	12	governance	governance	NOUN
arjefm-1231	19	13	,	,	PUNCT
arjefm-1231	19	14	where	where	SCONJ
arjefm-1231	19	15	financial	financial	ADJ
arjefm-1231	19	16	strategies	strategy	NOUN
arjefm-1231	19	17	are	be	AUX
arjefm-1231	19	18	aligned	align	VERB
arjefm-1231	19	19	with	with	ADP
arjefm-1231	19	20	environmental	environmental	ADJ
arjefm-1231	19	21	responsibility	responsibility	NOUN
arjefm-1231	19	22	(	(	PUNCT
arjefm-1231	19	23	park	park	NOUN
arjefm-1231	19	24	,	,	PUNCT
arjefm-1231	19	25	and	and	CCONJ
arjefm-1231	19	26	kim	kim	PROPN
arjefm-1231	19	27	,	,	PUNCT
arjefm-1231	19	28	2020	2020	NUM
arjefm-1231	19	29	)	)	PUNCT
arjefm-1231	19	30	.	.	PUNCT
arjefm-1231	20	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	21	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	22	1	american	american	PROPN
arjefm-1231	22	2	research	research	PROPN
arjefm-1231	22	3	journal	journal	PROPN
arjefm-1231	22	4	of	of	ADP
arjefm-1231	22	5	economics	economic	NOUN
arjefm-1231	22	6	,	,	PUNCT
arjefm-1231	22	7	finance	finance	NOUN
arjefm-1231	22	8	and	and	CCONJ
arjefm-1231	22	9	management	management	NOUN
arjefm-1231	22	10	volume	volume	NOUN
arjefm-1231	22	11	13	13	NUM
arjefm-1231	22	12	issue	issue	NOUN
arjefm-1231	22	13	3	3	NUM
arjefm-1231	22	14	,	,	PUNCT
arjefm-1231	22	15	july	july	PROPN
arjefm-1231	22	16	-	-	PUNCT
arjefm-1231	22	17	september	september	PROPN
arjefm-1231	22	18	2025	2025	NUM
arjefm-1231	22	19	issn	issn	NOUN
arjefm-1231	22	20	:	:	PUNCT
arjefm-1231	22	21	2836	2836	NUM
arjefm-1231	22	22	-	-	SYM
arjefm-1231	22	23	9416	9416	NUM
arjefm-1231	22	24	impact	impact	NOUN
arjefm-1231	22	25	factor	factor	NOUN
arjefm-1231	22	26	:	:	PUNCT
arjefm-1231	22	27	6.41	6.41	NUM
arjefm-1231	22	28	journal	journal	NOUN
arjefm-1231	22	29	homepage	homepage	NOUN
arjefm-1231	22	30	:	:	PUNCT
arjefm-1231	22	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	22	32	email	email	NOUN
arjefm-1231	22	33	:	:	PUNCT
arjefm-1231	22	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	22	35	official	official	ADJ
arjefm-1231	22	36	journal	journal	PROPN
arjefm-1231	22	37	of	of	ADP
arjefm-1231	22	38	america	america	PROPN
arjefm-1231	22	39	serial	serial	PROPN
arjefm-1231	22	40	publication	publication	NOUN
arjefm-1231	22	41	american	american	PROPN
arjefm-1231	22	42	research	research	PROPN
arjefm-1231	22	43	journal	journal	PROPN
arjefm-1231	22	44	of	of	ADP
arjefm-1231	22	45	economics	economic	NOUN
arjefm-1231	22	46	,	,	PUNCT
arjefm-1231	22	47	finance	finance	NOUN
arjefm-1231	22	48	and	and	CCONJ
arjefm-1231	22	49	management	management	NOUN
arjefm-1231	22	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	22	51	,	,	PUNCT
arjefm-1231	22	52	email	email	NOUN
arjefm-1231	22	53	:	:	PUNCT
arjefm-1231	23	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	23	2	39	39	NUM
arjefm-1231	24	1	|	|	ADV
arjefm-1231	24	2	p	p	X
arjefm-1231	24	3	a	a	DET
arjefm-1231	24	4	g	g	NOUN
arjefm-1231	24	5	e	e	NOUN
arjefm-1231	24	6	as	as	SCONJ
arjefm-1231	24	7	organizations	organization	NOUN
arjefm-1231	24	8	strive	strive	VERB
arjefm-1231	24	9	to	to	PART
arjefm-1231	24	10	balance	balance	VERB
arjefm-1231	24	11	profitability	profitability	NOUN
arjefm-1231	24	12	with	with	ADP
arjefm-1231	24	13	sustainability	sustainability	NOUN
arjefm-1231	24	14	,	,	PUNCT
arjefm-1231	24	15	green	green	ADJ
arjefm-1231	24	16	financial	financial	ADJ
arjefm-1231	24	17	management	management	NOUN
arjefm-1231	24	18	plays	play	VERB
arjefm-1231	24	19	a	a	DET
arjefm-1231	24	20	vital	vital	ADJ
arjefm-1231	24	21	role	role	NOUN
arjefm-1231	24	22	in	in	ADP
arjefm-1231	24	23	shaping	shape	VERB
arjefm-1231	24	24	a	a	DET
arjefm-1231	24	25	resilient	resilient	ADJ
arjefm-1231	24	26	and	and	CCONJ
arjefm-1231	24	27	competitive	competitive	ADJ
arjefm-1231	24	28	business	business	NOUN
arjefm-1231	24	29	landscape	landscape	NOUN
arjefm-1231	24	30	.	.	PUNCT
arjefm-1231	25	1	the	the	DET
arjefm-1231	25	2	effect	effect	NOUN
arjefm-1231	25	3	of	of	ADP
arjefm-1231	25	4	gfmp	gfmp	NOUN
arjefm-1231	25	5	on	on	ADP
arjefm-1231	25	6	corporate	corporate	ADJ
arjefm-1231	25	7	financial	financial	ADJ
arjefm-1231	25	8	performance	performance	NOUN
arjefm-1231	25	9	has	have	AUX
arjefm-1231	25	10	become	become	VERB
arjefm-1231	25	11	a	a	DET
arjefm-1231	25	12	critical	critical	ADJ
arjefm-1231	25	13	area	area	NOUN
arjefm-1231	25	14	of	of	ADP
arjefm-1231	25	15	study	study	NOUN
arjefm-1231	25	16	,	,	PUNCT
arjefm-1231	25	17	as	as	SCONJ
arjefm-1231	25	18	companies	company	NOUN
arjefm-1231	25	19	seek	seek	VERB
arjefm-1231	25	20	to	to	PART
arjefm-1231	25	21	balance	balance	VERB
arjefm-1231	25	22	sustainability	sustainability	NOUN
arjefm-1231	25	23	with	with	ADP
arjefm-1231	25	24	profitability	profitability	NOUN
arjefm-1231	25	25	(	(	PUNCT
arjefm-1231	25	26	meng	meng	PROPN
arjefm-1231	25	27	,	,	PUNCT
arjefm-1231	25	28	and	and	CCONJ
arjefm-1231	25	29	shaikh	shaikh	ADJ
arjefm-1231	25	30	,	,	PUNCT
arjefm-1231	25	31	2023	2023	NUM
arjefm-1231	25	32	)	)	PUNCT
arjefm-1231	25	33	.	.	PUNCT
arjefm-1231	26	1	while	while	SCONJ
arjefm-1231	26	2	some	some	PRON
arjefm-1231	26	3	argue	argue	VERB
arjefm-1231	26	4	that	that	SCONJ
arjefm-1231	26	5	green	green	ADJ
arjefm-1231	26	6	investments	investment	NOUN
arjefm-1231	26	7	and	and	CCONJ
arjefm-1231	26	8	sustainable	sustainable	ADJ
arjefm-1231	26	9	financial	financial	ADJ
arjefm-1231	26	10	strategies	strategy	NOUN
arjefm-1231	26	11	lead	lead	VERB
arjefm-1231	26	12	to	to	PART
arjefm-1231	26	13	cost	cost	NOUN
arjefm-1231	26	14	savings	saving	NOUN
arjefm-1231	26	15	,	,	PUNCT
arjefm-1231	26	16	improved	improve	VERB
arjefm-1231	26	17	operational	operational	ADJ
arjefm-1231	26	18	efficiency	efficiency	NOUN
arjefm-1231	26	19	,	,	PUNCT
arjefm-1231	26	20	and	and	CCONJ
arjefm-1231	26	21	increased	increase	VERB
arjefm-1231	26	22	investor	investor	NOUN
arjefm-1231	26	23	confidence	confidence	NOUN
arjefm-1231	26	24	,	,	PUNCT
arjefm-1231	26	25	others	other	NOUN
arjefm-1231	26	26	highlight	highlight	VERB
arjefm-1231	26	27	the	the	DET
arjefm-1231	26	28	potential	potential	ADJ
arjefm-1231	26	29	financial	financial	ADJ
arjefm-1231	26	30	burden	burden	NOUN
arjefm-1231	26	31	associated	associate	VERB
arjefm-1231	26	32	with	with	ADP
arjefm-1231	26	33	adopting	adopt	VERB
arjefm-1231	26	34	eco	eco	NOUN
arjefm-1231	26	35	-	-	PUNCT
arjefm-1231	26	36	friendly	friendly	ADJ
arjefm-1231	26	37	initiatives	initiative	NOUN
arjefm-1231	26	38	(	(	PUNCT
arjefm-1231	26	39	küçükbay	küçükbay	VERB
arjefm-1231	26	40	,	,	PUNCT
arjefm-1231	26	41	&	&	CCONJ
arjefm-1231	26	42	sürücü	sürücü	NOUN
arjefm-1231	26	43	.	.	PROPN
arjefm-1231	26	44	2019	2019	NUM
arjefm-1231	26	45	)	)	PUNCT
arjefm-1231	26	46	.	.	PUNCT
arjefm-1231	27	1	understanding	understand	VERB
arjefm-1231	27	2	the	the	DET
arjefm-1231	27	3	relationship	relationship	NOUN
arjefm-1231	27	4	between	between	ADP
arjefm-1231	27	5	green	green	ADJ
arjefm-1231	27	6	financial	financial	ADJ
arjefm-1231	27	7	management	management	NOUN
arjefm-1231	27	8	and	and	CCONJ
arjefm-1231	27	9	financial	financial	ADJ
arjefm-1231	27	10	performance	performance	NOUN
arjefm-1231	27	11	is	be	AUX
arjefm-1231	27	12	essential	essential	ADJ
arjefm-1231	27	13	for	for	ADP
arjefm-1231	27	14	businesses	business	NOUN
arjefm-1231	27	15	aiming	aim	VERB
arjefm-1231	27	16	to	to	PART
arjefm-1231	27	17	achieve	achieve	VERB
arjefm-1231	27	18	both	both	PRON
arjefm-1231	27	19	economic	economic	ADJ
arjefm-1231	27	20	success	success	NOUN
arjefm-1231	27	21	and	and	CCONJ
arjefm-1231	27	22	environmental	environmental	ADJ
arjefm-1231	27	23	sustainability	sustainability	NOUN
arjefm-1231	27	24	.	.	PUNCT
arjefm-1231	28	1	in	in	ADP
arjefm-1231	28	2	nigeria	nigeria	PROPN
arjefm-1231	28	3	,	,	PUNCT
arjefm-1231	28	4	where	where	SCONJ
arjefm-1231	28	5	environmental	environmental	ADJ
arjefm-1231	28	6	challenges	challenge	NOUN
arjefm-1231	28	7	such	such	ADJ
arjefm-1231	28	8	as	as	ADP
arjefm-1231	28	9	pollution	pollution	NOUN
arjefm-1231	28	10	,	,	PUNCT
arjefm-1231	28	11	deforestation	deforestation	NOUN
arjefm-1231	28	12	,	,	PUNCT
arjefm-1231	28	13	and	and	CCONJ
arjefm-1231	28	14	climate	climate	NOUN
arjefm-1231	28	15	change	change	NOUN
arjefm-1231	28	16	pose	pose	VERB
arjefm-1231	28	17	significant	significant	ADJ
arjefm-1231	28	18	economic	economic	ADJ
arjefm-1231	28	19	and	and	CCONJ
arjefm-1231	28	20	social	social	ADJ
arjefm-1231	28	21	risks	risk	NOUN
arjefm-1231	28	22	,	,	PUNCT
arjefm-1231	28	23	the	the	DET
arjefm-1231	28	24	role	role	NOUN
arjefm-1231	28	25	of	of	ADP
arjefm-1231	28	26	green	green	ADJ
arjefm-1231	28	27	financial	financial	ADJ
arjefm-1231	28	28	management	management	NOUN
arjefm-1231	28	29	in	in	ADP
arjefm-1231	28	30	corporate	corporate	ADJ
arjefm-1231	28	31	financial	financial	ADJ
arjefm-1231	28	32	performance	performance	NOUN
arjefm-1231	28	33	has	have	AUX
arjefm-1231	28	34	become	become	VERB
arjefm-1231	28	35	increasingly	increasingly	ADV
arjefm-1231	28	36	relevant	relevant	ADJ
arjefm-1231	28	37	(	(	PUNCT
arjefm-1231	28	38	srivastava	srivastava	PROPN
arjefm-1231	28	39	et	et	PROPN
arjefm-1231	28	40	al	al	PROPN
arjefm-1231	28	41	2022	2022	NUM
arjefm-1231	28	42	)	)	PUNCT
arjefm-1231	28	43	.	.	PUNCT
arjefm-1231	29	1	companies	company	NOUN
arjefm-1231	29	2	that	that	PRON
arjefm-1231	29	3	embrace	embrace	VERB
arjefm-1231	29	4	gfmp	gfmp	NOUN
arjefm-1231	29	5	can	can	AUX
arjefm-1231	29	6	potentially	potentially	ADV
arjefm-1231	29	7	achieve	achieve	VERB
arjefm-1231	29	8	cost	cost	NOUN
arjefm-1231	29	9	savings	saving	NOUN
arjefm-1231	29	10	through	through	ADP
arjefm-1231	29	11	energy	energy	NOUN
arjefm-1231	29	12	efficiency	efficiency	NOUN
arjefm-1231	29	13	,	,	PUNCT
arjefm-1231	29	14	attract	attract	VERB
arjefm-1231	29	15	environmentally	environmentally	ADV
arjefm-1231	29	16	conscious	conscious	ADJ
arjefm-1231	29	17	investors	investor	NOUN
arjefm-1231	29	18	,	,	PUNCT
arjefm-1231	29	19	and	and	CCONJ
arjefm-1231	29	20	comply	comply	VERB
arjefm-1231	29	21	with	with	ADP
arjefm-1231	29	22	evolving	evolve	VERB
arjefm-1231	29	23	regulatory	regulatory	ADJ
arjefm-1231	29	24	frameworks	framework	NOUN
arjefm-1231	29	25	,	,	PUNCT
arjefm-1231	29	26	all	all	PRON
arjefm-1231	29	27	of	of	ADP
arjefm-1231	29	28	which	which	PRON
arjefm-1231	29	29	may	may	AUX
arjefm-1231	29	30	contribute	contribute	VERB
arjefm-1231	29	31	to	to	ADP
arjefm-1231	29	32	improved	improve	VERB
arjefm-1231	29	33	financial	financial	ADJ
arjefm-1231	29	34	performance	performance	NOUN
arjefm-1231	29	35	(	(	PUNCT
arjefm-1231	29	36	meng	meng	PROPN
arjefm-1231	29	37	,	,	PUNCT
arjefm-1231	29	38	and	and	CCONJ
arjefm-1231	29	39	shaikh	shaikh	ADJ
arjefm-1231	29	40	,	,	PUNCT
arjefm-1231	29	41	2023	2023	NUM
arjefm-1231	29	42	)	)	PUNCT
arjefm-1231	29	43	.	.	PUNCT
arjefm-1231	30	1	however	however	ADV
arjefm-1231	30	2	,	,	PUNCT
arjefm-1231	30	3	the	the	DET
arjefm-1231	30	4	extent	extent	NOUN
arjefm-1231	30	5	of	of	ADP
arjefm-1231	30	6	this	this	DET
arjefm-1231	30	7	impact	impact	NOUN
arjefm-1231	30	8	remains	remain	VERB
arjefm-1231	30	9	a	a	DET
arjefm-1231	30	10	subject	subject	NOUN
arjefm-1231	30	11	of	of	ADP
arjefm-1231	30	12	debate	debate	NOUN
arjefm-1231	30	13	,	,	PUNCT
arjefm-1231	30	14	as	as	SCONJ
arjefm-1231	30	15	firms	firm	NOUN
arjefm-1231	30	16	must	must	AUX
arjefm-1231	30	17	navigate	navigate	VERB
arjefm-1231	30	18	the	the	DET
arjefm-1231	30	19	balance	balance	NOUN
arjefm-1231	30	20	between	between	ADP
arjefm-1231	30	21	the	the	DET
arjefm-1231	30	22	initial	initial	ADJ
arjefm-1231	30	23	costs	cost	NOUN
arjefm-1231	30	24	of	of	ADP
arjefm-1231	30	25	green	green	ADJ
arjefm-1231	30	26	investments	investment	NOUN
arjefm-1231	30	27	and	and	CCONJ
arjefm-1231	30	28	their	their	PRON
arjefm-1231	30	29	long	long	ADJ
arjefm-1231	30	30	-	-	PUNCT
arjefm-1231	30	31	term	term	NOUN
arjefm-1231	30	32	financial	financial	ADJ
arjefm-1231	30	33	benefits	benefit	NOUN
arjefm-1231	30	34	.	.	PUNCT
arjefm-1231	31	1	this	this	DET
arjefm-1231	31	2	study	study	NOUN
arjefm-1231	31	3	explores	explore	VERB
arjefm-1231	31	4	the	the	DET
arjefm-1231	31	5	effect	effect	NOUN
arjefm-1231	31	6	of	of	ADP
arjefm-1231	31	7	green	green	ADJ
arjefm-1231	31	8	financial	financial	ADJ
arjefm-1231	31	9	management	management	NOUN
arjefm-1231	31	10	practices	practice	NOUN
arjefm-1231	31	11	on	on	ADP
arjefm-1231	31	12	corporate	corporate	ADJ
arjefm-1231	31	13	financial	financial	ADJ
arjefm-1231	31	14	performance	performance	NOUN
arjefm-1231	31	15	in	in	ADP
arjefm-1231	31	16	nigeria	nigeria	PROPN
arjefm-1231	31	17	,	,	PUNCT
arjefm-1231	31	18	assessing	assess	VERB
arjefm-1231	31	19	whether	whether	SCONJ
arjefm-1231	31	20	firms	firm	NOUN
arjefm-1231	31	21	that	that	PRON
arjefm-1231	31	22	adopt	adopt	VERB
arjefm-1231	31	23	sustainability	sustainability	NOUN
arjefm-1231	31	24	-	-	PUNCT
arjefm-1231	31	25	driven	drive	VERB
arjefm-1231	31	26	financial	financial	ADJ
arjefm-1231	31	27	strategies	strategy	NOUN
arjefm-1231	31	28	experience	experience	NOUN
arjefm-1231	31	29	improved	improve	VERB
arjefm-1231	31	30	profitability	profitability	NOUN
arjefm-1231	31	31	,	,	PUNCT
arjefm-1231	31	32	efficiency	efficiency	NOUN
arjefm-1231	31	33	,	,	PUNCT
arjefm-1231	31	34	and	and	CCONJ
arjefm-1231	31	35	competitive	competitive	ADJ
arjefm-1231	31	36	advantage	advantage	NOUN
arjefm-1231	31	37	.	.	PUNCT
arjefm-1231	32	1	by	by	ADP
arjefm-1231	32	2	examining	examine	VERB
arjefm-1231	32	3	key	key	ADJ
arjefm-1231	32	4	financial	financial	ADJ
arjefm-1231	32	5	indicators	indicator	NOUN
arjefm-1231	32	6	and	and	CCONJ
arjefm-1231	32	7	case	case	NOUN
arjefm-1231	32	8	studies	study	NOUN
arjefm-1231	32	9	of	of	ADP
arjefm-1231	32	10	nigerian	nigerian	ADJ
arjefm-1231	32	11	firms	firm	NOUN
arjefm-1231	32	12	implementing	implement	VERB
arjefm-1231	32	13	gfmp	gfmp	NOUN
arjefm-1231	32	14	,	,	PUNCT
arjefm-1231	32	15	this	this	DET
arjefm-1231	32	16	research	research	NOUN
arjefm-1231	32	17	aims	aim	VERB
arjefm-1231	32	18	to	to	PART
arjefm-1231	32	19	provide	provide	VERB
arjefm-1231	32	20	insights	insight	NOUN
arjefm-1231	32	21	into	into	ADP
arjefm-1231	32	22	the	the	DET
arjefm-1231	32	23	potential	potential	ADJ
arjefm-1231	32	24	benefits	benefit	NOUN
arjefm-1231	32	25	and	and	CCONJ
arjefm-1231	32	26	challenges	challenge	NOUN
arjefm-1231	32	27	of	of	ADP
arjefm-1231	32	28	integrating	integrate	VERB
arjefm-1231	32	29	sustainability	sustainability	NOUN
arjefm-1231	32	30	into	into	ADP
arjefm-1231	32	31	corporate	corporate	ADJ
arjefm-1231	32	32	financial	financial	ADJ
arjefm-1231	32	33	management	management	NOUN
arjefm-1231	32	34	.	.	PUNCT
arjefm-1231	33	1	1.2	1.2	NUM
arjefm-1231	33	2	statement	statement	NOUN
arjefm-1231	33	3	of	of	ADP
arjefm-1231	33	4	the	the	DET
arjefm-1231	33	5	problem	problem	NOUN
arjefm-1231	33	6	the	the	DET
arjefm-1231	33	7	growing	grow	VERB
arjefm-1231	33	8	emphasis	emphasis	NOUN
arjefm-1231	33	9	on	on	ADP
arjefm-1231	33	10	environmental	environmental	ADJ
arjefm-1231	33	11	sustainability	sustainability	NOUN
arjefm-1231	33	12	has	have	AUX
arjefm-1231	33	13	led	lead	VERB
arjefm-1231	33	14	businesses	business	NOUN
arjefm-1231	33	15	to	to	PART
arjefm-1231	33	16	adopt	adopt	VERB
arjefm-1231	33	17	green	green	ADJ
arjefm-1231	33	18	financial	financial	ADJ
arjefm-1231	33	19	management	management	NOUN
arjefm-1231	33	20	practices	practice	NOUN
arjefm-1231	33	21	(	(	PUNCT
arjefm-1231	33	22	gfmp	gfmp	NOUN
arjefm-1231	33	23	)	)	PUNCT
arjefm-1231	33	24	as	as	ADP
arjefm-1231	33	25	a	a	DET
arjefm-1231	33	26	means	means	NOUN
arjefm-1231	33	27	of	of	ADP
arjefm-1231	33	28	integrating	integrate	VERB
arjefm-1231	33	29	ecological	ecological	ADJ
arjefm-1231	33	30	responsibility	responsibility	NOUN
arjefm-1231	33	31	into	into	ADP
arjefm-1231	33	32	financial	financial	ADJ
arjefm-1231	33	33	decision	decision	NOUN
arjefm-1231	33	34	-	-	PUNCT
arjefm-1231	33	35	making	making	NOUN
arjefm-1231	33	36	.	.	PUNCT
arjefm-1231	34	1	in	in	ADP
arjefm-1231	34	2	nigeria	nigeria	PROPN
arjefm-1231	34	3	,	,	PUNCT
arjefm-1231	34	4	where	where	SCONJ
arjefm-1231	34	5	environmental	environmental	ADJ
arjefm-1231	34	6	challenges	challenge	NOUN
arjefm-1231	34	7	such	such	ADJ
arjefm-1231	34	8	as	as	ADP
arjefm-1231	34	9	pollution	pollution	NOUN
arjefm-1231	34	10	,	,	PUNCT
arjefm-1231	34	11	deforestation	deforestation	NOUN
arjefm-1231	34	12	,	,	PUNCT
arjefm-1231	34	13	and	and	CCONJ
arjefm-1231	34	14	climate	climate	NOUN
arjefm-1231	34	15	change	change	NOUN
arjefm-1231	34	16	pose	pose	VERB
arjefm-1231	34	17	significant	significant	ADJ
arjefm-1231	34	18	risks	risk	NOUN
arjefm-1231	34	19	,	,	PUNCT
arjefm-1231	34	20	companies	company	NOUN
arjefm-1231	34	21	are	be	AUX
arjefm-1231	34	22	increasingly	increasingly	ADV
arjefm-1231	34	23	pressured	pressure	VERB
arjefm-1231	34	24	to	to	PART
arjefm-1231	34	25	implement	implement	VERB
arjefm-1231	34	26	sustainable	sustainable	ADJ
arjefm-1231	34	27	financial	financial	ADJ
arjefm-1231	34	28	strategies	strategy	NOUN
arjefm-1231	34	29	.	.	PUNCT
arjefm-1231	35	1	however	however	ADV
arjefm-1231	35	2	,	,	PUNCT
arjefm-1231	35	3	the	the	DET
arjefm-1231	35	4	impact	impact	NOUN
arjefm-1231	35	5	of	of	ADP
arjefm-1231	35	6	gfmp	gfmp	NOUN
arjefm-1231	35	7	on	on	ADP
arjefm-1231	35	8	corporate	corporate	ADJ
arjefm-1231	35	9	financial	financial	ADJ
arjefm-1231	35	10	performance	performance	NOUN
arjefm-1231	35	11	remains	remain	VERB
arjefm-1231	35	12	uncertain	uncertain	ADJ
arjefm-1231	35	13	,	,	PUNCT
arjefm-1231	35	14	with	with	ADP
arjefm-1231	35	15	firms	firm	NOUN
arjefm-1231	35	16	facing	face	VERB
arjefm-1231	35	17	challenges	challenge	NOUN
arjefm-1231	35	18	in	in	ADP
arjefm-1231	35	19	balancing	balance	VERB
arjefm-1231	35	20	the	the	DET
arjefm-1231	35	21	costs	cost	NOUN
arjefm-1231	35	22	of	of	ADP
arjefm-1231	35	23	green	green	ADJ
arjefm-1231	35	24	investments	investment	NOUN
arjefm-1231	35	25	with	with	ADP
arjefm-1231	35	26	potential	potential	ADJ
arjefm-1231	35	27	financial	financial	ADJ
arjefm-1231	35	28	benefits	benefit	NOUN
arjefm-1231	35	29	.	.	PUNCT
arjefm-1231	36	1	while	while	SCONJ
arjefm-1231	36	2	some	some	DET
arjefm-1231	36	3	studies	study	NOUN
arjefm-1231	36	4	suggest	suggest	VERB
arjefm-1231	36	5	that	that	SCONJ
arjefm-1231	36	6	adopting	adopt	VERB
arjefm-1231	36	7	green	green	ADJ
arjefm-1231	36	8	financial	financial	ADJ
arjefm-1231	36	9	practices	practice	NOUN
arjefm-1231	36	10	can	can	AUX
arjefm-1231	36	11	lead	lead	VERB
arjefm-1231	36	12	to	to	AUX
arjefm-1231	36	13	cost	cost	NOUN
arjefm-1231	36	14	savings	saving	NOUN
arjefm-1231	36	15	,	,	PUNCT
arjefm-1231	36	16	enhanced	enhance	VERB
arjefm-1231	36	17	corporate	corporate	ADJ
arjefm-1231	36	18	reputation	reputation	NOUN
arjefm-1231	36	19	,	,	PUNCT
arjefm-1231	36	20	regulatory	regulatory	ADJ
arjefm-1231	36	21	compliance	compliance	NOUN
arjefm-1231	36	22	,	,	PUNCT
arjefm-1231	36	23	and	and	CCONJ
arjefm-1231	36	24	increased	increase	VERB
arjefm-1231	36	25	investor	investor	NOUN
arjefm-1231	36	26	confidence	confidence	NOUN
arjefm-1231	36	27	,	,	PUNCT
arjefm-1231	36	28	others	other	NOUN
arjefm-1231	36	29	argue	argue	VERB
arjefm-1231	36	30	that	that	SCONJ
arjefm-1231	36	31	the	the	DET
arjefm-1231	36	32	initial	initial	ADJ
arjefm-1231	36	33	costs	cost	NOUN
arjefm-1231	36	34	and	and	CCONJ
arjefm-1231	36	35	operational	operational	ADJ
arjefm-1231	36	36	adjustments	adjustment	NOUN
arjefm-1231	36	37	required	require	VERB
arjefm-1231	36	38	may	may	AUX
arjefm-1231	36	39	negatively	negatively	ADV
arjefm-1231	36	40	affect	affect	VERB
arjefm-1231	36	41	profitability	profitability	NOUN
arjefm-1231	36	42	,	,	PUNCT
arjefm-1231	36	43	especially	especially	ADV
arjefm-1231	36	44	in	in	ADP
arjefm-1231	36	45	developing	develop	VERB
arjefm-1231	36	46	economies	economy	NOUN
arjefm-1231	36	47	like	like	ADP
arjefm-1231	36	48	nigeria	nigeria	PRON
arjefm-1231	36	49	.	.	PUNCT
arjefm-1231	37	1	many	many	ADJ
arjefm-1231	37	2	nigerian	nigerian	ADJ
arjefm-1231	37	3	firms	firm	NOUN
arjefm-1231	37	4	struggle	struggle	VERB
arjefm-1231	37	5	with	with	ADP
arjefm-1231	37	6	limited	limited	ADJ
arjefm-1231	37	7	access	access	NOUN
arjefm-1231	37	8	to	to	ADP
arjefm-1231	37	9	green	green	ADJ
arjefm-1231	37	10	financing	financing	NOUN
arjefm-1231	37	11	,	,	PUNCT
arjefm-1231	37	12	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	37	13	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	38	1	american	american	PROPN
arjefm-1231	38	2	research	research	PROPN
arjefm-1231	38	3	journal	journal	PROPN
arjefm-1231	38	4	of	of	ADP
arjefm-1231	38	5	economics	economic	NOUN
arjefm-1231	38	6	,	,	PUNCT
arjefm-1231	38	7	finance	finance	NOUN
arjefm-1231	38	8	and	and	CCONJ
arjefm-1231	38	9	management	management	NOUN
arjefm-1231	38	10	volume	volume	NOUN
arjefm-1231	38	11	13	13	NUM
arjefm-1231	38	12	issue	issue	NOUN
arjefm-1231	38	13	3	3	NUM
arjefm-1231	38	14	,	,	PUNCT
arjefm-1231	38	15	july	july	PROPN
arjefm-1231	38	16	-	-	PUNCT
arjefm-1231	38	17	september	september	PROPN
arjefm-1231	38	18	2025	2025	NUM
arjefm-1231	38	19	issn	issn	NOUN
arjefm-1231	38	20	:	:	PUNCT
arjefm-1231	38	21	2836	2836	NUM
arjefm-1231	38	22	-	-	SYM
arjefm-1231	38	23	9416	9416	NUM
arjefm-1231	38	24	impact	impact	NOUN
arjefm-1231	38	25	factor	factor	NOUN
arjefm-1231	38	26	:	:	PUNCT
arjefm-1231	38	27	6.41	6.41	NUM
arjefm-1231	38	28	journal	journal	NOUN
arjefm-1231	38	29	homepage	homepage	NOUN
arjefm-1231	38	30	:	:	PUNCT
arjefm-1231	38	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	38	32	email	email	NOUN
arjefm-1231	38	33	:	:	PUNCT
arjefm-1231	38	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	38	35	official	official	ADJ
arjefm-1231	38	36	journal	journal	PROPN
arjefm-1231	38	37	of	of	ADP
arjefm-1231	38	38	america	america	PROPN
arjefm-1231	38	39	serial	serial	PROPN
arjefm-1231	38	40	publication	publication	NOUN
arjefm-1231	38	41	american	american	PROPN
arjefm-1231	38	42	research	research	PROPN
arjefm-1231	38	43	journal	journal	PROPN
arjefm-1231	38	44	of	of	ADP
arjefm-1231	38	45	economics	economic	NOUN
arjefm-1231	38	46	,	,	PUNCT
arjefm-1231	38	47	finance	finance	NOUN
arjefm-1231	38	48	and	and	CCONJ
arjefm-1231	38	49	management	management	NOUN
arjefm-1231	38	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	38	51	,	,	PUNCT
arjefm-1231	38	52	email	email	NOUN
arjefm-1231	38	53	:	:	PUNCT
arjefm-1231	39	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	39	2	40	40	NUM
arjefm-1231	40	1	|	|	ADV
arjefm-1231	40	2	p	p	X
arjefm-1231	40	3	a	a	DET
arjefm-1231	40	4	g	g	NOUN
arjefm-1231	40	5	e	e	NOUN
arjefm-1231	40	6	regulatory	regulatory	ADJ
arjefm-1231	40	7	inconsistencies	inconsistency	NOUN
arjefm-1231	40	8	,	,	PUNCT
arjefm-1231	40	9	and	and	CCONJ
arjefm-1231	40	10	inadequate	inadequate	ADJ
arjefm-1231	40	11	infrastructure	infrastructure	NOUN
arjefm-1231	40	12	to	to	PART
arjefm-1231	40	13	support	support	VERB
arjefm-1231	40	14	sustainability	sustainability	NOUN
arjefm-1231	40	15	initiatives	initiative	NOUN
arjefm-1231	40	16	,	,	PUNCT
arjefm-1231	40	17	raising	raise	VERB
arjefm-1231	40	18	concerns	concern	NOUN
arjefm-1231	40	19	about	about	ADP
arjefm-1231	40	20	the	the	DET
arjefm-1231	40	21	feasibility	feasibility	NOUN
arjefm-1231	40	22	and	and	CCONJ
arjefm-1231	40	23	effectiveness	effectiveness	NOUN
arjefm-1231	40	24	of	of	ADP
arjefm-1231	40	25	gfmp	gfmp	NOUN
arjefm-1231	40	26	in	in	ADP
arjefm-1231	40	27	enhancing	enhance	VERB
arjefm-1231	40	28	financial	financial	ADJ
arjefm-1231	40	29	performance	performance	NOUN
arjefm-1231	40	30	.	.	PUNCT
arjefm-1231	41	1	despite	despite	SCONJ
arjefm-1231	41	2	the	the	DET
arjefm-1231	41	3	growing	grow	VERB
arjefm-1231	41	4	interest	interest	NOUN
arjefm-1231	41	5	in	in	ADP
arjefm-1231	41	6	sustainability	sustainability	NOUN
arjefm-1231	41	7	-	-	PUNCT
arjefm-1231	41	8	driven	drive	VERB
arjefm-1231	41	9	financial	financial	ADJ
arjefm-1231	41	10	strategies	strategy	NOUN
arjefm-1231	41	11	,	,	PUNCT
arjefm-1231	41	12	there	there	PRON
arjefm-1231	41	13	is	be	VERB
arjefm-1231	41	14	a	a	DET
arjefm-1231	41	15	lack	lack	NOUN
arjefm-1231	41	16	of	of	ADP
arjefm-1231	41	17	empirical	empirical	ADJ
arjefm-1231	41	18	evidence	evidence	NOUN
arjefm-1231	41	19	on	on	ADP
arjefm-1231	41	20	the	the	DET
arjefm-1231	41	21	direct	direct	ADJ
arjefm-1231	41	22	relationship	relationship	NOUN
arjefm-1231	41	23	between	between	ADP
arjefm-1231	41	24	gfmp	gfmp	NOUN
arjefm-1231	41	25	and	and	CCONJ
arjefm-1231	41	26	corporate	corporate	ADJ
arjefm-1231	41	27	financial	financial	ADJ
arjefm-1231	41	28	performance	performance	NOUN
arjefm-1231	41	29	in	in	ADP
arjefm-1231	41	30	the	the	DET
arjefm-1231	41	31	nigerian	nigerian	ADJ
arjefm-1231	41	32	business	business	NOUN
arjefm-1231	41	33	landscape	landscape	NOUN
arjefm-1231	41	34	.	.	PUNCT
arjefm-1231	42	1	this	this	DET
arjefm-1231	42	2	study	study	NOUN
arjefm-1231	42	3	aims	aim	VERB
arjefm-1231	42	4	to	to	PART
arjefm-1231	42	5	bridge	bridge	VERB
arjefm-1231	42	6	this	this	DET
arjefm-1231	42	7	gap	gap	NOUN
arjefm-1231	42	8	by	by	ADP
arjefm-1231	42	9	examining	examine	VERB
arjefm-1231	42	10	whether	whether	SCONJ
arjefm-1231	42	11	green	green	ADJ
arjefm-1231	42	12	financial	financial	ADJ
arjefm-1231	42	13	management	management	NOUN
arjefm-1231	42	14	practices	practice	NOUN
arjefm-1231	42	15	positively	positively	ADV
arjefm-1231	42	16	or	or	CCONJ
arjefm-1231	42	17	negatively	negatively	ADV
arjefm-1231	42	18	impact	impact	VERB
arjefm-1231	42	19	key	key	ADJ
arjefm-1231	42	20	financial	financial	ADJ
arjefm-1231	42	21	performance	performance	NOUN
arjefm-1231	42	22	indicators	indicator	NOUN
arjefm-1231	42	23	such	such	ADJ
arjefm-1231	42	24	as	as	ADP
arjefm-1231	42	25	profitability	profitability	NOUN
arjefm-1231	42	26	,	,	PUNCT
arjefm-1231	42	27	return	return	VERB
arjefm-1231	42	28	on	on	ADP
arjefm-1231	42	29	investment	investment	NOUN
arjefm-1231	42	30	,	,	PUNCT
arjefm-1231	42	31	and	and	CCONJ
arjefm-1231	42	32	market	market	NOUN
arjefm-1231	42	33	competitiveness	competitiveness	NOUN
arjefm-1231	42	34	.	.	PUNCT
arjefm-1231	43	1	understanding	understand	VERB
arjefm-1231	43	2	this	this	DET
arjefm-1231	43	3	relationship	relationship	NOUN
arjefm-1231	43	4	is	be	AUX
arjefm-1231	43	5	crucial	crucial	ADJ
arjefm-1231	43	6	for	for	ADP
arjefm-1231	43	7	businesses	business	NOUN
arjefm-1231	43	8	,	,	PUNCT
arjefm-1231	43	9	policymakers	policymaker	NOUN
arjefm-1231	43	10	,	,	PUNCT
arjefm-1231	43	11	and	and	CCONJ
arjefm-1231	43	12	investors	investor	NOUN
arjefm-1231	43	13	seeking	seek	VERB
arjefm-1231	43	14	to	to	PART
arjefm-1231	43	15	align	align	VERB
arjefm-1231	43	16	financial	financial	ADJ
arjefm-1231	43	17	growth	growth	NOUN
arjefm-1231	43	18	with	with	ADP
arjefm-1231	43	19	sustainability	sustainability	NOUN
arjefm-1231	43	20	goals	goal	NOUN
arjefm-1231	43	21	in	in	ADP
arjefm-1231	43	22	nigeria	nigeria	PROPN
arjefm-1231	43	23	’s	’s	PART
arjefm-1231	43	24	evolving	evolve	VERB
arjefm-1231	43	25	economic	economic	ADJ
arjefm-1231	43	26	environment	environment	NOUN
arjefm-1231	43	27	.	.	PUNCT
arjefm-1231	44	1	1.3	1.3	NUM
arjefm-1231	44	2	objective	objective	NOUN
arjefm-1231	44	3	of	of	ADP
arjefm-1231	44	4	the	the	DET
arjefm-1231	44	5	study	study	NOUN
arjefm-1231	44	6	the	the	DET
arjefm-1231	44	7	main	main	ADJ
arjefm-1231	44	8	objective	objective	NOUN
arjefm-1231	44	9	of	of	ADP
arjefm-1231	44	10	the	the	DET
arjefm-1231	44	11	study	study	NOUN
arjefm-1231	44	12	is	be	AUX
arjefm-1231	44	13	to	to	PART
arjefm-1231	44	14	examine	examine	VERB
arjefm-1231	44	15	the	the	DET
arjefm-1231	44	16	effect	effect	NOUN
arjefm-1231	44	17	of	of	ADP
arjefm-1231	44	18	green	green	ADJ
arjefm-1231	44	19	financial	financial	ADJ
arjefm-1231	44	20	management	management	NOUN
arjefm-1231	44	21	practice	practice	NOUN
arjefm-1231	44	22	on	on	ADP
arjefm-1231	44	23	corporate	corporate	ADJ
arjefm-1231	44	24	financial	financial	ADJ
arjefm-1231	44	25	performance	performance	NOUN
arjefm-1231	44	26	in	in	ADP
arjefm-1231	44	27	nigeria	nigeria	PROPN
arjefm-1231	44	28	.	.	PUNCT
arjefm-1231	45	1	the	the	DET
arjefm-1231	45	2	specific	specific	ADJ
arjefm-1231	45	3	objectives	objective	NOUN
arjefm-1231	45	4	are	be	AUX
arjefm-1231	45	5	to	to	ADP
arjefm-1231	45	6	;	;	PUNCT
arjefm-1231	45	7	i.	i.	NOUN
arjefm-1231	45	8	examine	examine	VERB
arjefm-1231	45	9	the	the	DET
arjefm-1231	45	10	effect	effect	NOUN
arjefm-1231	45	11	of	of	ADP
arjefm-1231	45	12	loan	loan	NOUN
arjefm-1231	45	13	loss	loss	NOUN
arjefm-1231	45	14	provision	provision	NOUN
arjefm-1231	45	15	on	on	ADP
arjefm-1231	45	16	the	the	DET
arjefm-1231	45	17	financial	financial	ADJ
arjefm-1231	45	18	performance	performance	NOUN
arjefm-1231	45	19	in	in	ADP
arjefm-1231	45	20	nigeria	nigeria	PROPN
arjefm-1231	45	21	ii	ii	PROPN
arjefm-1231	45	22	.	.	PROPN
arjefm-1231	45	23	evaluate	evaluate	VERB
arjefm-1231	45	24	the	the	DET
arjefm-1231	45	25	effect	effect	NOUN
arjefm-1231	45	26	of	of	ADP
arjefm-1231	45	27	green	green	ADJ
arjefm-1231	45	28	bonds	bond	NOUN
arjefm-1231	45	29	on	on	ADP
arjefm-1231	45	30	the	the	DET
arjefm-1231	45	31	financial	financial	ADJ
arjefm-1231	45	32	performance	performance	NOUN
arjefm-1231	45	33	in	in	ADP
arjefm-1231	45	34	nigeria	nigeria	PROPN
arjefm-1231	45	35	1.4	1.4	NUM
arjefm-1231	45	36	hypothesis	hypothesis	NOUN
arjefm-1231	45	37	of	of	ADP
arjefm-1231	45	38	the	the	DET
arjefm-1231	45	39	study	study	NOUN
arjefm-1231	45	40	i.	i.	PROPN
arjefm-1231	45	41	loan	loan	PROPN
arjefm-1231	45	42	loss	loss	NOUN
arjefm-1231	45	43	provision	provision	NOUN
arjefm-1231	45	44	has	have	VERB
arjefm-1231	45	45	no	no	DET
arjefm-1231	45	46	significant	significant	ADJ
arjefm-1231	45	47	effect	effect	NOUN
arjefm-1231	45	48	on	on	ADP
arjefm-1231	45	49	the	the	DET
arjefm-1231	45	50	financial	financial	ADJ
arjefm-1231	45	51	performance	performance	NOUN
arjefm-1231	45	52	in	in	ADP
arjefm-1231	45	53	nigeria	nigeria	PROPN
arjefm-1231	45	54	.	.	PUNCT
arjefm-1231	46	1	ii	ii	PROPN
arjefm-1231	46	2	.	.	PUNCT
arjefm-1231	47	1	green	green	ADJ
arjefm-1231	47	2	bonds	bond	NOUN
arjefm-1231	47	3	have	have	VERB
arjefm-1231	47	4	no	no	DET
arjefm-1231	47	5	significant	significant	ADJ
arjefm-1231	47	6	effect	effect	NOUN
arjefm-1231	47	7	on	on	ADP
arjefm-1231	47	8	the	the	DET
arjefm-1231	47	9	financial	financial	ADJ
arjefm-1231	47	10	performance	performance	NOUN
arjefm-1231	47	11	in	in	ADP
arjefm-1231	47	12	nigeria	nigeria	PROPN
arjefm-1231	47	13	.	.	PUNCT
arjefm-1231	48	1	2.0	2.0	NUM
arjefm-1231	48	2	review	review	NOUN
arjefm-1231	48	3	of	of	ADP
arjefm-1231	48	4	related	related	ADJ
arjefm-1231	48	5	literature	literature	NOUN
arjefm-1231	48	6	2.1	2.1	NUM
arjefm-1231	48	7	conceptual	conceptual	ADJ
arjefm-1231	48	8	framework	framework	NOUN
arjefm-1231	48	9	green	green	ADJ
arjefm-1231	48	10	financial	financial	ADJ
arjefm-1231	48	11	management	management	NOUN
arjefm-1231	48	12	green	green	PROPN
arjefm-1231	48	13	financial	financial	ADJ
arjefm-1231	48	14	management	management	NOUN
arjefm-1231	48	15	,	,	PUNCT
arjefm-1231	48	16	also	also	ADV
arjefm-1231	48	17	known	know	VERB
arjefm-1231	48	18	as	as	ADP
arjefm-1231	48	19	sustainable	sustainable	ADJ
arjefm-1231	48	20	finance	finance	NOUN
arjefm-1231	48	21	,	,	PUNCT
arjefm-1231	48	22	is	be	AUX
arjefm-1231	48	23	a	a	DET
arjefm-1231	48	24	rapidly	rapidly	ADV
arjefm-1231	48	25	growing	grow	VERB
arjefm-1231	48	26	field	field	NOUN
arjefm-1231	48	27	in	in	ADP
arjefm-1231	48	28	the	the	DET
arjefm-1231	48	29	financial	financial	ADJ
arjefm-1231	48	30	industry	industry	NOUN
arjefm-1231	48	31	.	.	PUNCT
arjefm-1231	49	1	it	it	PRON
arjefm-1231	49	2	aims	aim	VERB
arjefm-1231	49	3	to	to	PART
arjefm-1231	49	4	promote	promote	VERB
arjefm-1231	49	5	environmentally	environmentally	ADV
arjefm-1231	49	6	friendly	friendly	ADJ
arjefm-1231	49	7	practices	practice	NOUN
arjefm-1231	49	8	and	and	CCONJ
arjefm-1231	49	9	investments	investment	NOUN
arjefm-1231	49	10	while	while	SCONJ
arjefm-1231	49	11	also	also	ADV
arjefm-1231	49	12	considering	consider	VERB
arjefm-1231	49	13	the	the	DET
arjefm-1231	49	14	financial	financial	ADJ
arjefm-1231	49	15	risks	risk	NOUN
arjefm-1231	49	16	and	and	CCONJ
arjefm-1231	49	17	opportunities	opportunity	NOUN
arjefm-1231	49	18	associated	associate	VERB
arjefm-1231	49	19	with	with	ADP
arjefm-1231	49	20	climate	climate	NOUN
arjefm-1231	49	21	change	change	NOUN
arjefm-1231	49	22	(	(	PUNCT
arjefm-1231	49	23	park	park	NOUN
arjefm-1231	49	24	and	and	CCONJ
arjefm-1231	49	25	kim	kim	PROPN
arjefm-1231	49	26	,	,	PUNCT
arjefm-1231	49	27	2020	2020	NUM
arjefm-1231	49	28	)	)	PUNCT
arjefm-1231	49	29	.	.	PUNCT
arjefm-1231	50	1	green	green	ADJ
arjefm-1231	50	2	finance	finance	PROPN
arjefm-1231	50	3	is	be	AUX
arjefm-1231	50	4	a	a	DET
arjefm-1231	50	5	broad	broad	ADJ
arjefm-1231	50	6	term	term	NOUN
arjefm-1231	50	7	that	that	PRON
arjefm-1231	50	8	can	can	AUX
arjefm-1231	50	9	refer	refer	VERB
arjefm-1231	50	10	to	to	ADP
arjefm-1231	50	11	financial	financial	ADJ
arjefm-1231	50	12	investments	investment	NOUN
arjefm-1231	50	13	flowing	flow	VERB
arjefm-1231	50	14	into	into	ADP
arjefm-1231	50	15	sustainable	sustainable	ADJ
arjefm-1231	50	16	development	development	NOUN
arjefm-1231	50	17	projects	project	NOUN
arjefm-1231	50	18	and	and	CCONJ
arjefm-1231	50	19	initiatives	initiative	NOUN
arjefm-1231	50	20	,	,	PUNCT
arjefm-1231	50	21	environmental	environmental	ADJ
arjefm-1231	50	22	products	product	NOUN
arjefm-1231	50	23	,	,	PUNCT
arjefm-1231	50	24	and	and	CCONJ
arjefm-1231	50	25	policies	policy	NOUN
arjefm-1231	50	26	that	that	PRON
arjefm-1231	50	27	encourage	encourage	VERB
arjefm-1231	50	28	the	the	DET
arjefm-1231	50	29	development	development	NOUN
arjefm-1231	50	30	of	of	ADP
arjefm-1231	50	31	a	a	DET
arjefm-1231	50	32	more	more	ADV
arjefm-1231	50	33	sustainable	sustainable	ADJ
arjefm-1231	50	34	economy	economy	NOUN
arjefm-1231	50	35	.	.	PUNCT
arjefm-1231	50	36	”	"	PUNCT
arjefm-1231	51	1	green	green	ADJ
arjefm-1231	51	2	financing	financing	NOUN
arjefm-1231	51	3	includes	include	VERB
arjefm-1231	51	4	but	but	CCONJ
arjefm-1231	51	5	is	be	AUX
arjefm-1231	51	6	not	not	PART
arjefm-1231	51	7	limited	limit	VERB
arjefm-1231	51	8	to	to	ADP
arjefm-1231	51	9	climate	climate	NOUN
arjefm-1231	51	10	financing	financing	NOUN
arjefm-1231	51	11	.	.	PUNCT
arjefm-1231	52	1	it	it	PRON
arjefm-1231	52	2	also	also	ADV
arjefm-1231	52	3	includes	include	VERB
arjefm-1231	52	4	a	a	DET
arjefm-1231	52	5	wider	wide	ADJ
arjefm-1231	52	6	variety	variety	NOUN
arjefm-1231	52	7	of	of	ADP
arjefm-1231	52	8	other	other	ADJ
arjefm-1231	52	9	environmental	environmental	ADJ
arjefm-1231	52	10	goals	goal	NOUN
arjefm-1231	52	11	,	,	PUNCT
arjefm-1231	52	12	such	such	ADJ
arjefm-1231	52	13	as	as	ADP
arjefm-1231	52	14	industrial	industrial	ADJ
arjefm-1231	52	15	pollution	pollution	NOUN
arjefm-1231	52	16	control	control	NOUN
arjefm-1231	52	17	,	,	PUNCT
arjefm-1231	52	18	and	and	CCONJ
arjefm-1231	52	19	water	water	NOUN
arjefm-1231	52	20	pollution	pollution	NOUN
arjefm-1231	52	21	(	(	PUNCT
arjefm-1231	52	22	srivastava	srivastava	PROPN
arjefm-1231	52	23	,	,	PUNCT
arjefm-1231	52	24	dharwal	dharwal	NOUN
arjefm-1231	52	25	,	,	PUNCT
arjefm-1231	52	26	and	and	CCONJ
arjefm-1231	52	27	sharma	sharma	NOUN
arjefm-1231	52	28	,	,	PUNCT
arjefm-1231	52	29	2021	2021	NUM
arjefm-1231	52	30	)	)	PUNCT
arjefm-1231	52	31	.	.	PUNCT
arjefm-1231	53	1	therefore	therefore	ADV
arjefm-1231	53	2	,	,	PUNCT
arjefm-1231	53	3	green	green	ADJ
arjefm-1231	53	4	management	management	NOUN
arjefm-1231	53	5	can	can	AUX
arjefm-1231	53	6	provide	provide	VERB
arjefm-1231	53	7	opportunities	opportunity	NOUN
arjefm-1231	53	8	to	to	PART
arjefm-1231	53	9	reduce	reduce	VERB
arjefm-1231	53	10	costs	cost	NOUN
arjefm-1231	53	11	and	and	CCONJ
arjefm-1231	53	12	increase	increase	VERB
arjefm-1231	53	13	revenues	revenue	NOUN
arjefm-1231	53	14	.	.	PUNCT
arjefm-1231	54	1	ambec	ambec	NOUN
arjefm-1231	54	2	and	and	CCONJ
arjefm-1231	54	3	lanoie	lanoie	PROPN
arjefm-1231	54	4	(	(	PUNCT
arjefm-1231	54	5	2008	2008	NUM
arjefm-1231	54	6	)	)	PUNCT
arjefm-1231	54	7	point	point	VERB
arjefm-1231	54	8	out	out	ADP
arjefm-1231	54	9	that	that	SCONJ
arjefm-1231	54	10	there	there	PRON
arjefm-1231	54	11	are	be	VERB
arjefm-1231	54	12	four	four	NUM
arjefm-1231	54	13	opportunities	opportunity	NOUN
arjefm-1231	54	14	companies	company	NOUN
arjefm-1231	54	15	can	can	AUX
arjefm-1231	54	16	make	make	VERB
arjefm-1231	54	17	use	use	NOUN
arjefm-1231	54	18	of	of	ADP
arjefm-1231	54	19	to	to	PART
arjefm-1231	54	20	reduce	reduce	VERB
arjefm-1231	54	21	costs	cost	NOUN
arjefm-1231	54	22	(	(	PUNCT
arjefm-1231	54	23	risk	risk	NOUN
arjefm-1231	54	24	management	management	NOUN
arjefm-1231	54	25	and	and	CCONJ
arjefm-1231	54	26	relations	relation	NOUN
arjefm-1231	54	27	with	with	ADP
arjefm-1231	54	28	external	external	ADJ
arjefm-1231	54	29	stakeholders	stakeholder	NOUN
arjefm-1231	54	30	;	;	PUNCT
arjefm-1231	54	31	cost	cost	NOUN
arjefm-1231	54	32	of	of	ADP
arjefm-1231	54	33	material	material	NOUN
arjefm-1231	54	34	,	,	PUNCT
arjefm-1231	54	35	energy	energy	NOUN
arjefm-1231	54	36	,	,	PUNCT
arjefm-1231	54	37	and	and	CCONJ
arjefm-1231	54	38	services	service	NOUN
arjefm-1231	54	39	;	;	PUNCT
arjefm-1231	54	40	cost	cost	NOUN
arjefm-1231	54	41	of	of	ADP
arjefm-1231	54	42	capital	capital	NOUN
arjefm-1231	54	43	;	;	PUNCT
arjefm-1231	54	44	and	and	CCONJ
arjefm-1231	54	45	cost	cost	NOUN
arjefm-1231	54	46	of	of	ADP
arjefm-1231	54	47	labour	labour	NOUN
arjefm-1231	54	48	)	)	PUNCT
arjefm-1231	54	49	and	and	CCONJ
arjefm-1231	54	50	three	three	NUM
arjefm-1231	54	51	opportunities	opportunity	NOUN
arjefm-1231	54	52	to	to	PART
arjefm-1231	54	53	increase	increase	VERB
arjefm-1231	54	54	revenues	revenue	NOUN
arjefm-1231	54	55	(	(	PUNCT
arjefm-1231	54	56	better	well	ADJ
arjefm-1231	54	57	access	access	NOUN
arjefm-1231	54	58	to	to	ADP
arjefm-1231	54	59	certain	certain	ADJ
arjefm-1231	54	60	markets	market	NOUN
arjefm-1231	54	61	;	;	PUNCT
arjefm-1231	54	62	differentiating	differentiate	VERB
arjefm-1231	54	63	products	product	NOUN
arjefm-1231	54	64	;	;	PUNCT
arjefm-1231	54	65	and	and	CCONJ
arjefm-1231	54	66	selling	sell	VERB
arjefm-1231	54	67	pollution	pollution	NOUN
arjefm-1231	54	68	-	-	PUNCT
arjefm-1231	54	69	control	control	NOUN
arjefm-1231	54	70	technology	technology	NOUN
arjefm-1231	54	71	)	)	PUNCT
arjefm-1231	54	72	(	(	PUNCT
arjefm-1231	54	73	molina	molina	NOUN
arjefm-1231	54	74	-	-	PUNCT
arjefm-1231	54	75	azorin	azorin	NOUN
arjefm-1231	54	76	,	,	PUNCT
arjefm-1231	54	77	clavercortes	clavercorte	NOUN
arjefm-1231	54	78	,	,	PUNCT
arjefm-1231	54	79	lopez	lopez	NOUN
arjefm-1231	54	80	-	-	PUNCT
arjefm-1231	54	81	gamero	gamero	NOUN
arjefm-1231	54	82	and	and	CCONJ
arjefm-1231	54	83	tari	tari	NOUN
arjefm-1231	54	84	,	,	PUNCT
arjefm-1231	54	85	2009	2009	NUM
arjefm-1231	54	86	)	)	PUNCT
arjefm-1231	54	87	.	.	PUNCT
arjefm-1231	55	1	green	green	ADJ
arjefm-1231	55	2	financial	financial	ADJ
arjefm-1231	55	3	management	management	NOUN
arjefm-1231	55	4	refers	refer	VERB
arjefm-1231	55	5	to	to	ADP
arjefm-1231	55	6	the	the	DET
arjefm-1231	55	7	integration	integration	NOUN
arjefm-1231	55	8	of	of	ADP
arjefm-1231	55	9	environmental	environmental	ADJ
arjefm-1231	55	10	,	,	PUNCT
arjefm-1231	55	11	social	social	ADJ
arjefm-1231	55	12	,	,	PUNCT
arjefm-1231	55	13	and	and	CCONJ
arjefm-1231	55	14	governance	governance	NOUN
arjefm-1231	55	15	(	(	PUNCT
arjefm-1231	55	16	esg	esg	NOUN
arjefm-1231	55	17	)	)	PUNCT
arjefm-1231	55	18	factors	factor	NOUN
arjefm-1231	55	19	into	into	ADP
arjefm-1231	55	20	financial	financial	ADJ
arjefm-1231	55	21	decision	decision	NOUN
arjefm-1231	55	22	-	-	PUNCT
arjefm-1231	55	23	making	make	VERB
arjefm-1231	55	24	processes	process	NOUN
arjefm-1231	55	25	.	.	PUNCT
arjefm-1231	56	1	it	it	PRON
arjefm-1231	56	2	involves	involve	VERB
arjefm-1231	56	3	the	the	DET
arjefm-1231	56	4	assessment	assessment	NOUN
arjefm-1231	56	5	of	of	ADP
arjefm-1231	56	6	environmental	environmental	ADJ
arjefm-1231	56	7	risks	risk	NOUN
arjefm-1231	56	8	and	and	CCONJ
arjefm-1231	56	9	opportunities	opportunity	NOUN
arjefm-1231	56	10	in	in	ADP
arjefm-1231	56	11	investment	investment	NOUN
arjefm-1231	56	12	decisions	decision	NOUN
arjefm-1231	56	13	,	,	PUNCT
arjefm-1231	56	14	as	as	ADV
arjefm-1231	56	15	well	well	ADV
arjefm-1231	56	16	as	as	ADP
arjefm-1231	56	17	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	56	18	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	56	19	american	american	PROPN
arjefm-1231	56	20	research	research	PROPN
arjefm-1231	56	21	journal	journal	PROPN
arjefm-1231	56	22	of	of	ADP
arjefm-1231	56	23	economics	economic	NOUN
arjefm-1231	56	24	,	,	PUNCT
arjefm-1231	56	25	finance	finance	NOUN
arjefm-1231	56	26	and	and	CCONJ
arjefm-1231	56	27	management	management	NOUN
arjefm-1231	56	28	volume	volume	NOUN
arjefm-1231	56	29	13	13	NUM
arjefm-1231	56	30	issue	issue	NOUN
arjefm-1231	56	31	3	3	NUM
arjefm-1231	56	32	,	,	PUNCT
arjefm-1231	56	33	july	july	PROPN
arjefm-1231	56	34	-	-	PUNCT
arjefm-1231	56	35	september	september	PROPN
arjefm-1231	56	36	2025	2025	NUM
arjefm-1231	56	37	issn	issn	NOUN
arjefm-1231	56	38	:	:	PUNCT
arjefm-1231	56	39	2836	2836	NUM
arjefm-1231	56	40	-	-	SYM
arjefm-1231	56	41	9416	9416	NUM
arjefm-1231	56	42	impact	impact	NOUN
arjefm-1231	56	43	factor	factor	NOUN
arjefm-1231	56	44	:	:	PUNCT
arjefm-1231	56	45	6.41	6.41	NUM
arjefm-1231	56	46	journal	journal	NOUN
arjefm-1231	56	47	homepage	homepage	NOUN
arjefm-1231	56	48	:	:	PUNCT
arjefm-1231	56	49	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	56	50	email	email	NOUN
arjefm-1231	56	51	:	:	PUNCT
arjefm-1231	56	52	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	56	53	official	official	ADJ
arjefm-1231	56	54	journal	journal	PROPN
arjefm-1231	56	55	of	of	ADP
arjefm-1231	56	56	america	america	PROPN
arjefm-1231	56	57	serial	serial	PROPN
arjefm-1231	56	58	publication	publication	NOUN
arjefm-1231	56	59	american	american	PROPN
arjefm-1231	56	60	research	research	PROPN
arjefm-1231	56	61	journal	journal	PROPN
arjefm-1231	56	62	of	of	ADP
arjefm-1231	56	63	economics	economic	NOUN
arjefm-1231	56	64	,	,	PUNCT
arjefm-1231	56	65	finance	finance	NOUN
arjefm-1231	56	66	and	and	CCONJ
arjefm-1231	56	67	management	management	NOUN
arjefm-1231	56	68	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	56	69	,	,	PUNCT
arjefm-1231	56	70	email	email	NOUN
arjefm-1231	56	71	:	:	PUNCT
arjefm-1231	57	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	57	2	41	41	NUM
arjefm-1231	58	1	|	|	ADV
arjefm-1231	58	2	p	p	X
arjefm-1231	58	3	a	a	DET
arjefm-1231	58	4	g	g	NOUN
arjefm-1231	58	5	e	e	NOUN
arjefm-1231	58	6	the	the	DET
arjefm-1231	58	7	incorporation	incorporation	NOUN
arjefm-1231	58	8	of	of	ADP
arjefm-1231	58	9	sustainability	sustainability	NOUN
arjefm-1231	58	10	principles	principle	NOUN
arjefm-1231	58	11	into	into	ADP
arjefm-1231	58	12	financial	financial	ADJ
arjefm-1231	58	13	products	product	NOUN
arjefm-1231	58	14	and	and	CCONJ
arjefm-1231	58	15	services	service	NOUN
arjefm-1231	58	16	.	.	PUNCT
arjefm-1231	59	1	green	green	ADJ
arjefm-1231	59	2	financial	financial	ADJ
arjefm-1231	59	3	management	management	NOUN
arjefm-1231	59	4	also	also	ADV
arjefm-1231	59	5	encompasses	encompass	VERB
arjefm-1231	59	6	the	the	DET
arjefm-1231	59	7	measurement	measurement	NOUN
arjefm-1231	59	8	and	and	CCONJ
arjefm-1231	59	9	reporting	reporting	NOUN
arjefm-1231	59	10	of	of	ADP
arjefm-1231	59	11	esg	esg	PROPN
arjefm-1231	59	12	performance	performance	NOUN
arjefm-1231	59	13	,	,	PUNCT
arjefm-1231	59	14	allowing	allow	VERB
arjefm-1231	59	15	investors	investor	NOUN
arjefm-1231	59	16	and	and	CCONJ
arjefm-1231	59	17	stakeholders	stakeholder	NOUN
arjefm-1231	59	18	to	to	PART
arjefm-1231	59	19	make	make	VERB
arjefm-1231	59	20	informed	informed	ADJ
arjefm-1231	59	21	decisions	decision	NOUN
arjefm-1231	59	22	(	(	PUNCT
arjefm-1231	59	23	meng	meng	PROPN
arjefm-1231	59	24	and	and	CCONJ
arjefm-1231	59	25	shaikh	shaikh	PROPN
arjefm-1231	59	26	,	,	PUNCT
arjefm-1231	59	27	2023	2023	NUM
arjefm-1231	59	28	)	)	PUNCT
arjefm-1231	59	29	.	.	PUNCT
arjefm-1231	60	1	loan	loan	NOUN
arjefm-1231	60	2	loss	loss	NOUN
arjefm-1231	60	3	in	in	ADP
arjefm-1231	60	4	the	the	DET
arjefm-1231	60	5	context	context	NOUN
arjefm-1231	60	6	of	of	ADP
arjefm-1231	60	7	bank	bank	NOUN
arjefm-1231	60	8	lending	lending	NOUN
arjefm-1231	60	9	,	,	PUNCT
arjefm-1231	60	10	loan	loan	NOUN
arjefm-1231	60	11	loss	loss	NOUN
arjefm-1231	60	12	recognition	recognition	NOUN
arjefm-1231	60	13	is	be	AUX
arjefm-1231	60	14	an	an	DET
arjefm-1231	60	15	important	important	ADJ
arjefm-1231	60	16	accrual	accrual	ADJ
arjefm-1231	60	17	process	process	NOUN
arjefm-1231	60	18	through	through	ADP
arjefm-1231	60	19	which	which	PRON
arjefm-1231	60	20	banks	bank	NOUN
arjefm-1231	60	21	recognize	recognize	VERB
arjefm-1231	60	22	future	future	ADJ
arjefm-1231	60	23	expected	expect	VERB
arjefm-1231	60	24	loan	loan	NOUN
arjefm-1231	60	25	losses	loss	NOUN
arjefm-1231	60	26	in	in	ADP
arjefm-1231	60	27	the	the	DET
arjefm-1231	60	28	current	current	ADJ
arjefm-1231	60	29	period	period	NOUN
arjefm-1231	60	30	.	.	PUNCT
arjefm-1231	61	1	banks	bank	NOUN
arjefm-1231	61	2	make	make	VERB
arjefm-1231	61	3	reserves	reserve	NOUN
arjefm-1231	61	4	to	to	PART
arjefm-1231	61	5	capture	capture	VERB
arjefm-1231	61	6	expected	expect	VERB
arjefm-1231	61	7	losses	loss	NOUN
arjefm-1231	61	8	.	.	PUNCT
arjefm-1231	62	1	making	make	VERB
arjefm-1231	62	2	these	these	DET
arjefm-1231	62	3	reserves	reserve	NOUN
arjefm-1231	62	4	immediately	immediately	ADV
arjefm-1231	62	5	reduces	reduce	VERB
arjefm-1231	62	6	bank	bank	NOUN
arjefm-1231	62	7	profits	profit	NOUN
arjefm-1231	62	8	and	and	CCONJ
arjefm-1231	62	9	regulatory	regulatory	ADJ
arjefm-1231	62	10	capital	capital	NOUN
arjefm-1231	62	11	,	,	PUNCT
arjefm-1231	62	12	which	which	PRON
arjefm-1231	62	13	,	,	PUNCT
arjefm-1231	62	14	in	in	ADP
arjefm-1231	62	15	turn	turn	NOUN
arjefm-1231	62	16	,	,	PUNCT
arjefm-1231	62	17	can	can	AUX
arjefm-1231	62	18	alert	alert	VERB
arjefm-1231	62	19	the	the	DET
arjefm-1231	62	20	board	board	NOUN
arjefm-1231	62	21	,	,	PUNCT
arjefm-1231	62	22	managers	manager	NOUN
arjefm-1231	62	23	,	,	PUNCT
arjefm-1231	62	24	and	and	CCONJ
arjefm-1231	62	25	external	external	ADJ
arjefm-1231	62	26	stakeholders	stakeholder	NOUN
arjefm-1231	62	27	to	to	PART
arjefm-1231	62	28	problems	problem	NOUN
arjefm-1231	62	29	the	the	DET
arjefm-1231	62	30	bank	bank	NOUN
arjefm-1231	62	31	is	be	AUX
arjefm-1231	62	32	facing	face	VERB
arjefm-1231	62	33	(	(	PUNCT
arjefm-1231	62	34	bushman	bushman	PROPN
arjefm-1231	62	35	,	,	PUNCT
arjefm-1231	62	36	2014	2014	NUM
arjefm-1231	62	37	)	)	PUNCT
arjefm-1231	62	38	.	.	PUNCT
arjefm-1231	63	1	more	more	ADV
arjefm-1231	63	2	so	so	ADV
arjefm-1231	63	3	,	,	PUNCT
arjefm-1231	63	4	timely	timely	ADJ
arjefm-1231	63	5	loan	loan	NOUN
arjefm-1231	63	6	loss	loss	NOUN
arjefm-1231	63	7	recognition	recognition	NOUN
arjefm-1231	63	8	thus	thus	ADV
arjefm-1231	63	9	serves	serve	VERB
arjefm-1231	63	10	as	as	ADP
arjefm-1231	63	11	an	an	DET
arjefm-1231	63	12	early	early	ADJ
arjefm-1231	63	13	warning	warning	NOUN
arjefm-1231	63	14	mechanism	mechanism	NOUN
arjefm-1231	63	15	for	for	ADP
arjefm-1231	63	16	problem	problem	NOUN
arjefm-1231	63	17	loans	loan	NOUN
arjefm-1231	63	18	,	,	PUNCT
arjefm-1231	63	19	including	include	VERB
arjefm-1231	63	20	those	those	PRON
arjefm-1231	63	21	that	that	PRON
arjefm-1231	63	22	arise	arise	VERB
arjefm-1231	63	23	from	from	ADP
arjefm-1231	63	24	lending	lend	VERB
arjefm-1231	63	25	corruption	corruption	NOUN
arjefm-1231	63	26	.	.	PUNCT
arjefm-1231	64	1	as	as	ADP
arjefm-1231	64	2	a	a	DET
arjefm-1231	64	3	result	result	NOUN
arjefm-1231	64	4	,	,	PUNCT
arjefm-1231	64	5	the	the	DET
arjefm-1231	64	6	corrupt	corrupt	ADJ
arjefm-1231	64	7	bank	bank	NOUN
arjefm-1231	64	8	personnel	personnel	NOUN
arjefm-1231	64	9	have	have	VERB
arjefm-1231	64	10	less	less	ADJ
arjefm-1231	64	11	time	time	NOUN
arjefm-1231	64	12	or	or	CCONJ
arjefm-1231	64	13	opportunity	opportunity	NOUN
arjefm-1231	64	14	to	to	PART
arjefm-1231	64	15	conceal	conceal	VERB
arjefm-1231	64	16	and/or	and/or	CCONJ
arjefm-1231	64	17	escape	escape	VERB
arjefm-1231	64	18	with	with	ADP
arjefm-1231	64	19	the	the	DET
arjefm-1231	64	20	gains	gain	NOUN
arjefm-1231	64	21	from	from	ADP
arjefm-1231	64	22	corruption	corruption	NOUN
arjefm-1231	64	23	.	.	PUNCT
arjefm-1231	65	1	in	in	ADP
arjefm-1231	65	2	anticipation	anticipation	NOUN
arjefm-1231	65	3	of	of	ADP
arjefm-1231	65	4	the	the	DET
arjefm-1231	65	5	sequence	sequence	NOUN
arjefm-1231	65	6	of	of	ADP
arjefm-1231	65	7	events	event	NOUN
arjefm-1231	65	8	that	that	PRON
arjefm-1231	65	9	could	could	AUX
arjefm-1231	65	10	be	be	AUX
arjefm-1231	65	11	triggered	trigger	VERB
arjefm-1231	65	12	by	by	ADP
arjefm-1231	65	13	earlier	early	ADJ
arjefm-1231	65	14	loan	loan	NOUN
arjefm-1231	65	15	loss	loss	NOUN
arjefm-1231	65	16	recognition	recognition	NOUN
arjefm-1231	65	17	,	,	PUNCT
arjefm-1231	65	18	loan	loan	NOUN
arjefm-1231	65	19	officers	officer	NOUN
arjefm-1231	65	20	are	be	AUX
arjefm-1231	65	21	more	more	ADV
arjefm-1231	65	22	likely	likely	ADJ
arjefm-1231	65	23	to	to	PART
arjefm-1231	65	24	refrain	refrain	VERB
arjefm-1231	65	25	from	from	ADP
arjefm-1231	65	26	lending	lend	VERB
arjefm-1231	65	27	corruption	corruption	NOUN
arjefm-1231	65	28	at	at	ADP
arjefm-1231	65	29	loan	loan	NOUN
arjefm-1231	65	30	origination	origination	NOUN
arjefm-1231	65	31	(	(	PUNCT
arjefm-1231	65	32	akins	akin	NOUN
arjefm-1231	65	33	,	,	PUNCT
arjefm-1231	65	34	dou	dou	NOUN
arjefm-1231	65	35	,	,	PUNCT
arjefm-1231	65	36	and	and	CCONJ
arjefm-1231	65	37	ng	ng	PROPN
arjefm-1231	65	38	,	,	PUNCT
arjefm-1231	65	39	2016	2016	NUM
arjefm-1231	65	40	)	)	PUNCT
arjefm-1231	65	41	.	.	PUNCT
arjefm-1231	66	1	also	also	ADV
arjefm-1231	66	2	,	,	PUNCT
arjefm-1231	66	3	timely	timely	ADJ
arjefm-1231	66	4	loan	loan	NOUN
arjefm-1231	66	5	loss	loss	NOUN
arjefm-1231	66	6	recognition	recognition	NOUN
arjefm-1231	66	7	is	be	AUX
arjefm-1231	66	8	linked	link	VERB
arjefm-1231	66	9	to	to	ADP
arjefm-1231	66	10	a	a	DET
arjefm-1231	66	11	greater	great	ADJ
arjefm-1231	66	12	willingness	willingness	NOUN
arjefm-1231	66	13	to	to	PART
arjefm-1231	66	14	lend	lend	VERB
arjefm-1231	66	15	during	during	ADP
arjefm-1231	66	16	a	a	DET
arjefm-1231	66	17	financial	financial	ADJ
arjefm-1231	66	18	crisis	crisis	NOUN
arjefm-1231	66	19	because	because	SCONJ
arjefm-1231	66	20	the	the	DET
arjefm-1231	66	21	earlier	early	ADJ
arjefm-1231	66	22	recognition	recognition	NOUN
arjefm-1231	66	23	of	of	ADP
arjefm-1231	66	24	credit	credit	NOUN
arjefm-1231	66	25	loss	loss	NOUN
arjefm-1231	66	26	means	mean	VERB
arjefm-1231	66	27	less	less	ADJ
arjefm-1231	66	28	credit	credit	NOUN
arjefm-1231	66	29	loss	loss	NOUN
arjefm-1231	66	30	has	have	VERB
arjefm-1231	66	31	to	to	PART
arjefm-1231	66	32	be	be	AUX
arjefm-1231	66	33	recognized	recognize	VERB
arjefm-1231	66	34	during	during	ADP
arjefm-1231	66	35	recessionary	recessionary	ADJ
arjefm-1231	66	36	periods	period	NOUN
arjefm-1231	66	37	when	when	SCONJ
arjefm-1231	66	38	regulatory	regulatory	ADJ
arjefm-1231	66	39	capital	capital	NOUN
arjefm-1231	66	40	declines	decline	NOUN
arjefm-1231	66	41	and	and	CCONJ
arjefm-1231	66	42	external	external	ADJ
arjefm-1231	66	43	financial	financial	ADJ
arjefm-1231	66	44	frictions	friction	NOUN
arjefm-1231	66	45	increase	increase	VERB
arjefm-1231	66	46	.	.	PUNCT
arjefm-1231	67	1	bushman	bushman	PROPN
arjefm-1231	67	2	and	and	CCONJ
arjefm-1231	67	3	williams	williams	PROPN
arjefm-1231	67	4	(	(	PUNCT
arjefm-1231	67	5	2012	2012	NUM
arjefm-1231	67	6	)	)	PUNCT
arjefm-1231	67	7	found	find	VERB
arjefm-1231	67	8	that	that	SCONJ
arjefm-1231	67	9	timely	timely	ADJ
arjefm-1231	67	10	loan	loan	NOUN
arjefm-1231	67	11	loss	loss	NOUN
arjefm-1231	67	12	provisioning	provisioning	NOUN
arjefm-1231	67	13	reduces	reduce	VERB
arjefm-1231	67	14	excessive	excessive	ADJ
arjefm-1231	67	15	risk	risk	NOUN
arjefm-1231	67	16	-	-	PUNCT
arjefm-1231	67	17	taking	taking	NOUN
arjefm-1231	67	18	.	.	PUNCT
arjefm-1231	68	1	loan	loan	NOUN
arjefm-1231	68	2	loss	loss	NOUN
arjefm-1231	68	3	provisions	provision	NOUN
arjefm-1231	68	4	,	,	PUNCT
arjefm-1231	68	5	an	an	DET
arjefm-1231	68	6	accounting	accounting	NOUN
arjefm-1231	68	7	item	item	NOUN
arjefm-1231	68	8	to	to	PART
arjefm-1231	68	9	cover	cover	VERB
arjefm-1231	68	10	credit	credit	NOUN
arjefm-1231	68	11	losses	loss	NOUN
arjefm-1231	68	12	,	,	PUNCT
arjefm-1231	68	13	are	be	AUX
arjefm-1231	68	14	the	the	DET
arjefm-1231	68	15	natural	natural	ADJ
arjefm-1231	68	16	tools	tool	NOUN
arjefm-1231	68	17	to	to	PART
arjefm-1231	68	18	be	be	AUX
arjefm-1231	68	19	used	use	VERB
arjefm-1231	68	20	.	.	PUNCT
arjefm-1231	69	1	proper	proper	ADJ
arjefm-1231	69	2	recognition	recognition	NOUN
arjefm-1231	69	3	of	of	ADP
arjefm-1231	69	4	credit	credit	NOUN
arjefm-1231	69	5	risk	risk	NOUN
arjefm-1231	69	6	and	and	CCONJ
arjefm-1231	69	7	credit	credit	NOUN
arjefm-1231	69	8	losses	loss	NOUN
arjefm-1231	69	9	along	along	ADP
arjefm-1231	69	10	the	the	DET
arjefm-1231	69	11	lending	lending	NOUN
arjefm-1231	69	12	cycle	cycle	NOUN
arjefm-1231	69	13	will	will	AUX
arjefm-1231	69	14	enhance	enhance	VERB
arjefm-1231	69	15	the	the	DET
arjefm-1231	69	16	soundness	soundness	NOUN
arjefm-1231	69	17	of	of	ADP
arjefm-1231	69	18	each	each	DET
arjefm-1231	69	19	bank	bank	NOUN
arjefm-1231	69	20	as	as	ADV
arjefm-1231	69	21	well	well	ADV
arjefm-1231	69	22	as	as	ADP
arjefm-1231	69	23	that	that	PRON
arjefm-1231	69	24	of	of	ADP
arjefm-1231	69	25	the	the	DET
arjefm-1231	69	26	banking	banking	NOUN
arjefm-1231	69	27	system	system	NOUN
arjefm-1231	69	28	,	,	PUNCT
arjefm-1231	69	29	helping	help	VERB
arjefm-1231	69	30	to	to	PART
arjefm-1231	69	31	curb	curb	VERB
arjefm-1231	69	32	procyclicality	procyclicality	NOUN
arjefm-1231	69	33	in	in	ADP
arjefm-1231	69	34	lending	lending	NOUN
arjefm-1231	69	35	.	.	PUNCT
arjefm-1231	70	1	there	there	PRON
arjefm-1231	70	2	is	be	VERB
arjefm-1231	70	3	nothing	nothing	PRON
arjefm-1231	70	4	more	more	ADV
arjefm-1231	70	5	procyclical	procyclical	ADJ
arjefm-1231	70	6	than	than	ADP
arjefm-1231	70	7	a	a	DET
arjefm-1231	70	8	badly	badly	ADV
arjefm-1231	70	9	managed	manage	VERB
arjefm-1231	70	10	bank	bank	NOUN
arjefm-1231	70	11	(	(	PUNCT
arjefm-1231	70	12	caruana	caruana	PROPN
arjefm-1231	70	13	,	,	PUNCT
arjefm-1231	70	14	2005	2005	NUM
arjefm-1231	70	15	)	)	PUNCT
arjefm-1231	70	16	.	.	PUNCT
arjefm-1231	71	1	therefore	therefore	ADV
arjefm-1231	71	2	,	,	PUNCT
arjefm-1231	71	3	loan	loan	NOUN
arjefm-1231	71	4	loss	loss	NOUN
arjefm-1231	71	5	provisions	provision	NOUN
arjefm-1231	71	6	that	that	PRON
arjefm-1231	71	7	account	account	VERB
arjefm-1231	71	8	for	for	ADP
arjefm-1231	71	9	the	the	DET
arjefm-1231	71	10	credit	credit	NOUN
arjefm-1231	71	11	risk	risk	NOUN
arjefm-1231	71	12	increase	increase	NOUN
arjefm-1231	71	13	in	in	ADP
arjefm-1231	71	14	the	the	DET
arjefm-1231	71	15	upturn	upturn	NOUN
arjefm-1231	71	16	can	can	AUX
arjefm-1231	71	17	help	help	VERB
arjefm-1231	71	18	to	to	PART
arjefm-1231	71	19	cope	cope	VERB
arjefm-1231	71	20	with	with	ADP
arjefm-1231	71	21	the	the	DET
arjefm-1231	71	22	potential	potential	ADJ
arjefm-1231	71	23	damage	damage	NOUN
arjefm-1231	71	24	that	that	PRON
arjefm-1231	71	25	lending	lending	NOUN
arjefm-1231	71	26	cycles	cycle	NOUN
arjefm-1231	71	27	can	can	AUX
arjefm-1231	71	28	inflict	inflict	VERB
arjefm-1231	71	29	on	on	ADP
arjefm-1231	71	30	the	the	DET
arjefm-1231	71	31	real	real	ADJ
arjefm-1231	71	32	economy	economy	NOUN
arjefm-1231	71	33	,	,	PUNCT
arjefm-1231	71	34	the	the	DET
arjefm-1231	71	35	growth	growth	NOUN
arjefm-1231	71	36	potential	potential	NOUN
arjefm-1231	71	37	,	,	PUNCT
arjefm-1231	71	38	and	and	CCONJ
arjefm-1231	71	39	the	the	DET
arjefm-1231	71	40	level	level	NOUN
arjefm-1231	71	41	of	of	ADP
arjefm-1231	71	42	employment	employment	NOUN
arjefm-1231	71	43	and	and	CCONJ
arjefm-1231	71	44	welfare	welfare	NOUN
arjefm-1231	71	45	of	of	ADP
arjefm-1231	71	46	any	any	DET
arjefm-1231	71	47	society	society	NOUN
arjefm-1231	71	48	.	.	PUNCT
arjefm-1231	72	1	such	such	ADJ
arjefm-1231	72	2	provisions	provision	NOUN
arjefm-1231	72	3	,	,	PUNCT
arjefm-1231	72	4	which	which	PRON
arjefm-1231	72	5	are	be	AUX
arjefm-1231	72	6	sometimes	sometimes	ADV
arjefm-1231	72	7	referred	refer	VERB
arjefm-1231	72	8	to	to	ADP
arjefm-1231	72	9	as	as	ADP
arjefm-1231	72	10	dynamic	dynamic	ADJ
arjefm-1231	72	11	,	,	PUNCT
arjefm-1231	72	12	statistical	statistical	ADJ
arjefm-1231	72	13	,	,	PUNCT
arjefm-1231	72	14	or	or	CCONJ
arjefm-1231	72	15	countercyclical	countercyclical	ADJ
arjefm-1231	72	16	loan	loan	NOUN
arjefm-1231	72	17	loss	loss	NOUN
arjefm-1231	72	18	provisions	provision	NOUN
arjefm-1231	72	19	,	,	PUNCT
arjefm-1231	72	20	merit	merit	NOUN
arjefm-1231	72	21	attention	attention	NOUN
arjefm-1231	72	22	from	from	ADP
arjefm-1231	72	23	regulators	regulator	NOUN
arjefm-1231	72	24	and	and	CCONJ
arjefm-1231	72	25	supervisors	supervisor	NOUN
arjefm-1231	72	26	as	as	ADP
arjefm-1231	72	27	a	a	DET
arjefm-1231	72	28	tool	tool	NOUN
arjefm-1231	72	29	to	to	PART
arjefm-1231	72	30	enhance	enhance	VERB
arjefm-1231	72	31	financial	financial	ADJ
arjefm-1231	72	32	stability	stability	NOUN
arjefm-1231	72	33	(	(	PUNCT
arjefm-1231	72	34	saurina	saurina	NOUN
arjefm-1231	72	35	,	,	PUNCT
arjefm-1231	72	36	2009	2009	NUM
arjefm-1231	72	37	)	)	PUNCT
arjefm-1231	72	38	.	.	PUNCT
arjefm-1231	73	1	next	next	ADV
arjefm-1231	73	2	,	,	PUNCT
arjefm-1231	73	3	we	we	PRON
arjefm-1231	73	4	focus	focus	VERB
arjefm-1231	73	5	on	on	ADP
arjefm-1231	73	6	the	the	DET
arjefm-1231	73	7	fact	fact	NOUN
arjefm-1231	73	8	that	that	SCONJ
arjefm-1231	73	9	banks	bank	NOUN
arjefm-1231	73	10	that	that	PRON
arjefm-1231	73	11	are	be	AUX
arjefm-1231	73	12	more	more	ADV
arjefm-1231	73	13	timely	timely	ADJ
arjefm-1231	73	14	in	in	ADP
arjefm-1231	73	15	loan	loan	NOUN
arjefm-1231	73	16	loss	loss	NOUN
arjefm-1231	73	17	recognition	recognition	NOUN
arjefm-1231	73	18	and	and	CCONJ
arjefm-1231	73	19	that	that	PRON
arjefm-1231	73	20	maintain	maintain	VERB
arjefm-1231	73	21	higher	high	ADJ
arjefm-1231	73	22	loss	loss	NOUN
arjefm-1231	73	23	reserves	reserve	NOUN
arjefm-1231	73	24	are	be	AUX
arjefm-1231	73	25	typically	typically	ADV
arjefm-1231	73	26	considered	consider	VERB
arjefm-1231	73	27	prudent	prudent	ADJ
arjefm-1231	73	28	and	and	CCONJ
arjefm-1231	73	29	more	more	ADV
arjefm-1231	73	30	prepared	prepared	ADJ
arjefm-1231	73	31	for	for	ADP
arjefm-1231	73	32	economic	economic	ADJ
arjefm-1231	73	33	shocks	shock	NOUN
arjefm-1231	73	34	(	(	PUNCT
arjefm-1231	73	35	beatty	beatty	PROPN
arjefm-1231	73	36	and	and	CCONJ
arjefm-1231	73	37	liao	liao	PROPN
arjefm-1231	73	38	2014	2014	NUM
arjefm-1231	73	39	)	)	PUNCT
arjefm-1231	73	40	.	.	PUNCT
arjefm-1231	74	1	from	from	ADP
arjefm-1231	74	2	an	an	DET
arjefm-1231	74	3	accounting	accounting	NOUN
arjefm-1231	74	4	perspective	perspective	NOUN
arjefm-1231	74	5	,	,	PUNCT
arjefm-1231	74	6	prior	prior	ADJ
arjefm-1231	74	7	loan	loan	NOUN
arjefm-1231	74	8	loss	loss	NOUN
arjefm-1231	74	9	reserves	reserve	NOUN
arjefm-1231	74	10	play	play	VERB
arjefm-1231	74	11	an	an	DET
arjefm-1231	74	12	important	important	ADJ
arjefm-1231	74	13	role	role	NOUN
arjefm-1231	74	14	in	in	ADP
arjefm-1231	74	15	determining	determine	VERB
arjefm-1231	74	16	the	the	DET
arjefm-1231	74	17	amount	amount	NOUN
arjefm-1231	74	18	of	of	ADP
arjefm-1231	74	19	loan	loan	NOUN
arjefm-1231	74	20	loss	loss	NOUN
arjefm-1231	74	21	provisions	provision	NOUN
arjefm-1231	74	22	in	in	ADP
arjefm-1231	74	23	the	the	DET
arjefm-1231	74	24	current	current	ADJ
arjefm-1231	74	25	period	period	NOUN
arjefm-1231	74	26	.	.	PUNCT
arjefm-1231	75	1	in	in	ADP
arjefm-1231	75	2	practice	practice	NOUN
arjefm-1231	75	3	,	,	PUNCT
arjefm-1231	75	4	loan	loan	NOUN
arjefm-1231	75	5	loss	loss	NOUN
arjefm-1231	75	6	provisions	provision	NOUN
arjefm-1231	75	7	for	for	ADP
arjefm-1231	75	8	a	a	DET
arjefm-1231	75	9	specific	specific	ADJ
arjefm-1231	75	10	accounting	accounting	NOUN
arjefm-1231	75	11	period	period	NOUN
arjefm-1231	75	12	are	be	AUX
arjefm-1231	75	13	typically	typically	ADV
arjefm-1231	75	14	not	not	PART
arjefm-1231	75	15	directly	directly	ADV
arjefm-1231	75	16	estimated	estimate	VERB
arjefm-1231	75	17	,	,	PUNCT
arjefm-1231	75	18	and	and	CCONJ
arjefm-1231	75	19	two	two	NUM
arjefm-1231	75	20	steps	step	NOUN
arjefm-1231	75	21	are	be	AUX
arjefm-1231	75	22	usually	usually	ADV
arjefm-1231	75	23	taken	take	VERB
arjefm-1231	75	24	to	to	PART
arjefm-1231	75	25	arrive	arrive	VERB
arjefm-1231	75	26	at	at	ADP
arjefm-1231	75	27	an	an	DET
arjefm-1231	75	28	estimated	estimate	VERB
arjefm-1231	75	29	number	number	NOUN
arjefm-1231	75	30	.	.	PUNCT
arjefm-1231	76	1	first	first	ADV
arjefm-1231	76	2	,	,	PUNCT
arjefm-1231	76	3	bank	bank	NOUN
arjefm-1231	76	4	managers	manager	NOUN
arjefm-1231	76	5	estimate	estimate	VERB
arjefm-1231	76	6	the	the	DET
arjefm-1231	76	7	total	total	ADJ
arjefm-1231	76	8	losses	loss	NOUN
arjefm-1231	76	9	for	for	ADP
arjefm-1231	76	10	all	all	DET
arjefm-1231	76	11	outstanding	outstanding	ADJ
arjefm-1231	76	12	loans	loan	NOUN
arjefm-1231	76	13	at	at	ADP
arjefm-1231	76	14	each	each	DET
arjefm-1231	76	15	period	period	NOUN
arjefm-1231	76	16	end	end	NOUN
arjefm-1231	76	17	and	and	CCONJ
arjefm-1231	76	18	present	present	VERB
arjefm-1231	76	19	this	this	DET
arjefm-1231	76	20	number	number	NOUN
arjefm-1231	76	21	as	as	ADP
arjefm-1231	76	22	the	the	DET
arjefm-1231	76	23	loan	loan	NOUN
arjefm-1231	76	24	loss	loss	NOUN
arjefm-1231	76	25	reserve	reserve	NOUN
arjefm-1231	76	26	in	in	ADP
arjefm-1231	76	27	the	the	DET
arjefm-1231	76	28	balance	balance	NOUN
arjefm-1231	76	29	sheet	sheet	NOUN
arjefm-1231	76	30	.	.	PUNCT
arjefm-1231	77	1	second	second	ADJ
arjefm-1231	77	2	,	,	PUNCT
arjefm-1231	77	3	current	current	ADJ
arjefm-1231	77	4	-	-	PUNCT
arjefm-1231	77	5	period	period	NOUN
arjefm-1231	77	6	loan	loan	NOUN
arjefm-1231	77	7	loss	loss	NOUN
arjefm-1231	77	8	provisions	provision	NOUN
arjefm-1231	77	9	are	be	AUX
arjefm-1231	77	10	calculated	calculate	VERB
arjefm-1231	77	11	as	as	ADP
arjefm-1231	77	12	the	the	DET
arjefm-1231	77	13	increase	increase	NOUN
arjefm-1231	77	14	in	in	ADP
arjefm-1231	77	15	the	the	DET
arjefm-1231	77	16	reserve	reserve	NOUN
arjefm-1231	77	17	,	,	PUNCT
arjefm-1231	77	18	compared	compare	VERB
arjefm-1231	77	19	to	to	ADP
arjefm-1231	77	20	the	the	DET
arjefm-1231	77	21	reserve	reserve	NOUN
arjefm-1231	77	22	at	at	ADP
arjefm-1231	77	23	the	the	DET
arjefm-1231	77	24	prior	prior	ADJ
arjefm-1231	77	25	period	period	NOUN
arjefm-1231	77	26	end	end	NOUN
arjefm-1231	77	27	,	,	PUNCT
arjefm-1231	77	28	and	and	CCONJ
arjefm-1231	77	29	adjusted	adjust	VERB
arjefm-1231	77	30	for	for	ADP
arjefm-1231	77	31	net	net	ADJ
arjefm-1231	77	32	charge	charge	NOUN
arjefm-1231	77	33	-	-	PUNCT
arjefm-1231	77	34	offs	off	NOUN
arjefm-1231	77	35	.	.	PUNCT
arjefm-1231	78	1	hence	hence	ADV
arjefm-1231	78	2	banks	bank	NOUN
arjefm-1231	78	3	are	be	AUX
arjefm-1231	78	4	expected	expect	VERB
arjefm-1231	78	5	to	to	PART
arjefm-1231	78	6	make	make	VERB
arjefm-1231	78	7	fewer	few	ADJ
arjefm-1231	78	8	loan	loan	NOUN
arjefm-1231	78	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	78	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	78	11	american	american	PROPN
arjefm-1231	78	12	research	research	PROPN
arjefm-1231	78	13	journal	journal	PROPN
arjefm-1231	78	14	of	of	ADP
arjefm-1231	78	15	economics	economic	NOUN
arjefm-1231	78	16	,	,	PUNCT
arjefm-1231	78	17	finance	finance	NOUN
arjefm-1231	78	18	and	and	CCONJ
arjefm-1231	78	19	management	management	NOUN
arjefm-1231	78	20	volume	volume	NOUN
arjefm-1231	78	21	13	13	NUM
arjefm-1231	78	22	issue	issue	NOUN
arjefm-1231	78	23	3	3	NUM
arjefm-1231	78	24	,	,	PUNCT
arjefm-1231	78	25	july	july	PROPN
arjefm-1231	78	26	-	-	PUNCT
arjefm-1231	78	27	september	september	PROPN
arjefm-1231	78	28	2025	2025	NUM
arjefm-1231	78	29	issn	issn	NOUN
arjefm-1231	78	30	:	:	PUNCT
arjefm-1231	78	31	2836	2836	NUM
arjefm-1231	78	32	-	-	SYM
arjefm-1231	78	33	9416	9416	NUM
arjefm-1231	78	34	impact	impact	NOUN
arjefm-1231	78	35	factor	factor	NOUN
arjefm-1231	78	36	:	:	PUNCT
arjefm-1231	78	37	6.41	6.41	NUM
arjefm-1231	78	38	journal	journal	NOUN
arjefm-1231	78	39	homepage	homepage	NOUN
arjefm-1231	78	40	:	:	PUNCT
arjefm-1231	78	41	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	78	42	email	email	NOUN
arjefm-1231	78	43	:	:	PUNCT
arjefm-1231	78	44	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	78	45	official	official	ADJ
arjefm-1231	78	46	journal	journal	PROPN
arjefm-1231	78	47	of	of	ADP
arjefm-1231	78	48	america	america	PROPN
arjefm-1231	78	49	serial	serial	PROPN
arjefm-1231	78	50	publication	publication	NOUN
arjefm-1231	78	51	american	american	PROPN
arjefm-1231	78	52	research	research	PROPN
arjefm-1231	78	53	journal	journal	PROPN
arjefm-1231	78	54	of	of	ADP
arjefm-1231	78	55	economics	economic	NOUN
arjefm-1231	78	56	,	,	PUNCT
arjefm-1231	78	57	finance	finance	NOUN
arjefm-1231	78	58	and	and	CCONJ
arjefm-1231	78	59	management	management	NOUN
arjefm-1231	78	60	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	78	61	,	,	PUNCT
arjefm-1231	78	62	email	email	NOUN
arjefm-1231	78	63	:	:	PUNCT
arjefm-1231	78	64	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	79	1	42	42	NUM
arjefm-1231	80	1	|	|	ADV
arjefm-1231	80	2	p	p	X
arjefm-1231	80	3	a	a	DET
arjefm-1231	80	4	g	g	NOUN
arjefm-1231	80	5	e	e	NOUN
arjefm-1231	80	6	loss	loss	NOUN
arjefm-1231	80	7	provisions	provision	NOUN
arjefm-1231	80	8	in	in	ADP
arjefm-1231	80	9	times	time	NOUN
arjefm-1231	80	10	of	of	ADP
arjefm-1231	80	11	higher	high	ADJ
arjefm-1231	80	12	policy	policy	NOUN
arjefm-1231	80	13	uncertainty	uncertainty	NOUN
arjefm-1231	80	14	when	when	SCONJ
arjefm-1231	80	15	they	they	PRON
arjefm-1231	80	16	have	have	AUX
arjefm-1231	80	17	already	already	ADV
arjefm-1231	80	18	accrued	accrue	VERB
arjefm-1231	80	19	more	more	ADJ
arjefm-1231	80	20	loan	loan	NOUN
arjefm-1231	80	21	losses	loss	NOUN
arjefm-1231	80	22	in	in	ADP
arjefm-1231	80	23	previous	previous	ADJ
arjefm-1231	80	24	periods	period	NOUN
arjefm-1231	80	25	(	(	PUNCT
arjefm-1231	80	26	ng	ng	NOUN
arjefm-1231	80	27	,	,	PUNCT
arjefm-1231	80	28	saffar	saffar	ADV
arjefm-1231	80	29	,	,	PUNCT
arjefm-1231	80	30	and	and	CCONJ
arjefm-1231	80	31	zhang	zhang	PROPN
arjefm-1231	80	32	,	,	PUNCT
arjefm-1231	80	33	2020	2020	NUM
arjefm-1231	80	34	)	)	PUNCT
arjefm-1231	80	35	.	.	PUNCT
arjefm-1231	81	1	green	green	ADJ
arjefm-1231	81	2	bonds	bond	NOUN
arjefm-1231	81	3	as	as	ADP
arjefm-1231	81	4	innovative	innovative	ADJ
arjefm-1231	81	5	financial	financial	ADJ
arjefm-1231	81	6	instruments	instrument	NOUN
arjefm-1231	81	7	,	,	PUNCT
arjefm-1231	81	8	green	green	ADJ
arjefm-1231	81	9	bonds	bond	NOUN
arjefm-1231	81	10	provide	provide	VERB
arjefm-1231	81	11	an	an	DET
arjefm-1231	81	12	opportunity	opportunity	NOUN
arjefm-1231	81	13	to	to	PART
arjefm-1231	81	14	tap	tap	VERB
arjefm-1231	81	15	into	into	ADP
arjefm-1231	81	16	new	new	ADJ
arjefm-1231	81	17	pools	pool	NOUN
arjefm-1231	81	18	of	of	ADP
arjefm-1231	81	19	private	private	ADJ
arjefm-1231	81	20	capital	capital	NOUN
arjefm-1231	81	21	to	to	PART
arjefm-1231	81	22	finance	finance	VERB
arjefm-1231	81	23	green	green	ADJ
arjefm-1231	81	24	projects	project	NOUN
arjefm-1231	81	25	(	(	PUNCT
arjefm-1231	81	26	ey	ey	PROPN
arjefm-1231	81	27	2018	2018	NUM
arjefm-1231	81	28	)	)	PUNCT
arjefm-1231	81	29	.	.	PUNCT
arjefm-1231	82	1	the	the	DET
arjefm-1231	82	2	term	term	NOUN
arjefm-1231	82	3	‘	'	PUNCT
arjefm-1231	82	4	green	green	ADJ
arjefm-1231	82	5	bonds	bond	NOUN
arjefm-1231	82	6	’	'	PUNCT
arjefm-1231	82	7	refers	refer	VERB
arjefm-1231	82	8	to	to	ADP
arjefm-1231	82	9	bonds	bond	NOUN
arjefm-1231	82	10	whose	whose	DET
arjefm-1231	82	11	proceeds	proceed	NOUN
arjefm-1231	82	12	are	be	AUX
arjefm-1231	82	13	used	use	VERB
arjefm-1231	82	14	to	to	PART
arjefm-1231	82	15	finance	finance	VERB
arjefm-1231	82	16	environmentally	environmentally	ADV
arjefm-1231	82	17	friendly	friendly	ADJ
arjefm-1231	82	18	projects	project	NOUN
arjefm-1231	82	19	(	(	PUNCT
arjefm-1231	82	20	mercer	mercer	NOUN
arjefm-1231	82	21	,	,	PUNCT
arjefm-1231	82	22	2015	2015	NUM
arjefm-1231	82	23	)	)	PUNCT
arjefm-1231	82	24	,	,	PUNCT
arjefm-1231	82	25	such	such	ADJ
arjefm-1231	82	26	as	as	ADP
arjefm-1231	82	27	renewables	renewable	NOUN
arjefm-1231	82	28	,	,	PUNCT
arjefm-1231	82	29	water	water	NOUN
arjefm-1231	82	30	and	and	CCONJ
arjefm-1231	82	31	energy	energy	NOUN
arjefm-1231	82	32	efficiency	efficiency	NOUN
arjefm-1231	82	33	,	,	PUNCT
arjefm-1231	82	34	bioenergy	bioenergy	NOUN
arjefm-1231	82	35	,	,	PUNCT
arjefm-1231	82	36	and	and	CCONJ
arjefm-1231	82	37	low	low	ADJ
arjefm-1231	82	38	-	-	PUNCT
arjefm-1231	82	39	carbon	carbon	NOUN
arjefm-1231	82	40	transports	transport	NOUN
arjefm-1231	82	41	(	(	PUNCT
arjefm-1231	82	42	campiglio	campiglio	NOUN
arjefm-1231	82	43	,	,	PUNCT
arjefm-1231	82	44	2016	2016	NUM
arjefm-1231	82	45	)	)	PUNCT
arjefm-1231	82	46	.	.	PUNCT
arjefm-1231	83	1	the	the	DET
arjefm-1231	83	2	term	term	NOUN
arjefm-1231	83	3	“	"	PUNCT
arjefm-1231	83	4	green	green	ADJ
arjefm-1231	83	5	bond	bond	NOUN
arjefm-1231	83	6	”	"	PUNCT
arjefm-1231	83	7	is	be	AUX
arjefm-1231	83	8	typically	typically	ADV
arjefm-1231	83	9	used	use	VERB
arjefm-1231	83	10	to	to	PART
arjefm-1231	83	11	indicate	indicate	VERB
arjefm-1231	83	12	a	a	DET
arjefm-1231	83	13	bond	bond	NOUN
arjefm-1231	83	14	that	that	PRON
arjefm-1231	83	15	supports	support	VERB
arjefm-1231	83	16	climate	climate	NOUN
arjefm-1231	83	17	change	change	NOUN
arjefm-1231	83	18	or	or	CCONJ
arjefm-1231	83	19	other	other	ADJ
arjefm-1231	83	20	environmental	environmental	ADJ
arjefm-1231	83	21	projects	project	NOUN
arjefm-1231	83	22	.	.	PUNCT
arjefm-1231	84	1	most	most	ADJ
arjefm-1231	84	2	of	of	ADP
arjefm-1231	84	3	the	the	DET
arjefm-1231	84	4	green	green	ADJ
arjefm-1231	84	5	bonds	bond	NOUN
arjefm-1231	84	6	issued	issue	VERB
arjefm-1231	84	7	to	to	ADP
arjefm-1231	84	8	date	date	NOUN
arjefm-1231	84	9	have	have	AUX
arjefm-1231	84	10	focused	focus	VERB
arjefm-1231	84	11	on	on	ADP
arjefm-1231	84	12	climate	climate	NOUN
arjefm-1231	84	13	change	change	NOUN
arjefm-1231	84	14	projects	project	NOUN
arjefm-1231	84	15	.	.	PUNCT
arjefm-1231	85	1	some	some	DET
arjefm-1231	85	2	green	green	ADJ
arjefm-1231	85	3	bonds	bond	NOUN
arjefm-1231	85	4	also	also	ADV
arjefm-1231	85	5	include	include	VERB
arjefm-1231	85	6	consideration	consideration	NOUN
arjefm-1231	85	7	of	of	ADP
arjefm-1231	85	8	other	other	ADJ
arjefm-1231	85	9	environmental	environmental	ADJ
arjefm-1231	85	10	(	(	PUNCT
arjefm-1231	85	11	markandya	markandya	NOUN
arjefm-1231	85	12	,	,	PUNCT
arjefm-1231	85	13	galarraga	galarraga	NOUN
arjefm-1231	85	14	,	,	PUNCT
arjefm-1231	85	15	and	and	CCONJ
arjefm-1231	85	16	rubbelke	rubbelke	ADJ
arjefm-1231	85	17	,	,	PUNCT
arjefm-1231	85	18	2017	2017	NUM
arjefm-1231	85	19	)	)	PUNCT
arjefm-1231	85	20	.	.	PUNCT
arjefm-1231	86	1	green	green	ADJ
arjefm-1231	86	2	bonds	bond	NOUN
arjefm-1231	86	3	,	,	PUNCT
arjefm-1231	86	4	that	that	ADV
arjefm-1231	86	5	is	is	ADV
arjefm-1231	86	6	,	,	PUNCT
arjefm-1231	86	7	asset	asset	NOUN
arjefm-1231	86	8	-	-	PUNCT
arjefm-1231	86	9	backed	back	VERB
arjefm-1231	86	10	securities	security	NOUN
arjefm-1231	86	11	,	,	PUNCT
arjefm-1231	86	12	have	have	AUX
arjefm-1231	86	13	turned	turn	VERB
arjefm-1231	86	14	out	out	ADP
arjefm-1231	86	15	to	to	PART
arjefm-1231	86	16	be	be	AUX
arjefm-1231	86	17	an	an	DET
arjefm-1231	86	18	advanced	advanced	ADJ
arjefm-1231	86	19	tool	tool	NOUN
arjefm-1231	86	20	for	for	ADP
arjefm-1231	86	21	debt	debt	NOUN
arjefm-1231	86	22	finance	finance	NOUN
arjefm-1231	86	23	.	.	PUNCT
arjefm-1231	87	1	the	the	DET
arjefm-1231	87	2	basic	basic	ADJ
arjefm-1231	87	3	number	number	NOUN
arjefm-1231	87	4	of	of	ADP
arjefm-1231	87	5	green	green	ADJ
arjefm-1231	87	6	bonds	bond	NOUN
arjefm-1231	87	7	issued	issue	VERB
arjefm-1231	87	8	is	be	AUX
arjefm-1231	87	9	related	relate	VERB
arjefm-1231	87	10	to	to	ADP
arjefm-1231	87	11	international	international	ADJ
arjefm-1231	87	12	development	development	NOUN
arjefm-1231	87	13	banks	bank	NOUN
arjefm-1231	87	14	(	(	PUNCT
arjefm-1231	87	15	european	european	PROPN
arjefm-1231	87	16	investment	investment	PROPN
arjefm-1231	87	17	bank	bank	PROPN
arjefm-1231	87	18	,	,	PUNCT
arjefm-1231	87	19	world	world	PROPN
arjefm-1231	87	20	bank	bank	PROPN
arjefm-1231	87	21	,	,	PUNCT
arjefm-1231	87	22	european	european	PROPN
arjefm-1231	87	23	bank	bank	PROPN
arjefm-1231	87	24	of	of	ADP
arjefm-1231	87	25	reconstruction	reconstruction	NOUN
arjefm-1231	87	26	and	and	CCONJ
arjefm-1231	87	27	development	development	NOUN
arjefm-1231	87	28	(	(	PUNCT
arjefm-1231	87	29	ebrd	ebrd	PROPN
arjefm-1231	87	30	)	)	PUNCT
arjefm-1231	87	31	,	,	PUNCT
arjefm-1231	87	32	and	and	CCONJ
arjefm-1231	87	33	international	international	ADJ
arjefm-1231	87	34	finance	finance	NOUN
arjefm-1231	87	35	corporation	corporation	NOUN
arjefm-1231	87	36	(	(	PUNCT
arjefm-1231	87	37	ifc	ifc	NOUN
arjefm-1231	87	38	)	)	PUNCT
arjefm-1231	87	39	)	)	PUNCT
arjefm-1231	87	40	as	as	ADV
arjefm-1231	87	41	well	well	ADV
arjefm-1231	87	42	as	as	ADP
arjefm-1231	87	43	major	major	ADJ
arjefm-1231	87	44	corporations	corporation	NOUN
arjefm-1231	87	45	and	and	CCONJ
arjefm-1231	87	46	state	state	NOUN
arjefm-1231	87	47	and	and	CCONJ
arjefm-1231	87	48	municipal	municipal	ADJ
arjefm-1231	87	49	entities	entity	NOUN
arjefm-1231	87	50	(	(	PUNCT
arjefm-1231	87	51	andreeva	andreeva	VERB
arjefm-1231	87	52	,	,	PUNCT
arjefm-1231	87	53	vovchenko	vovchenko	ADJ
arjefm-1231	87	54	,	,	PUNCT
arjefm-1231	87	55	ivanova	ivanova	PROPN
arjefm-1231	87	56	and	and	CCONJ
arjefm-1231	87	57	kostoglodova	kostoglodova	PROPN
arjefm-1231	87	58	,	,	PUNCT
arjefm-1231	87	59	2018	2018	NUM
arjefm-1231	87	60	)	)	PUNCT
arjefm-1231	87	61	.	.	PUNCT
arjefm-1231	88	1	as	as	SCONJ
arjefm-1231	88	2	such	such	ADJ
arjefm-1231	88	3	,	,	PUNCT
arjefm-1231	88	4	green	green	ADJ
arjefm-1231	88	5	bonds	bond	NOUN
arjefm-1231	88	6	are	be	AUX
arjefm-1231	88	7	of	of	ADP
arjefm-1231	88	8	significant	significant	ADJ
arjefm-1231	88	9	importance	importance	NOUN
arjefm-1231	88	10	to	to	ADP
arjefm-1231	88	11	both	both	DET
arjefm-1231	88	12	investors	investor	NOUN
arjefm-1231	88	13	and	and	CCONJ
arjefm-1231	88	14	policymakers	policymaker	NOUN
arjefm-1231	88	15	.	.	PUNCT
arjefm-1231	89	1	on	on	ADP
arjefm-1231	89	2	one	one	NUM
arjefm-1231	89	3	hand	hand	NOUN
arjefm-1231	89	4	,	,	PUNCT
arjefm-1231	89	5	governments	government	NOUN
arjefm-1231	89	6	need	need	VERB
arjefm-1231	89	7	access	access	NOUN
arjefm-1231	89	8	to	to	ADP
arjefm-1231	89	9	affordable	affordable	ADJ
arjefm-1231	89	10	and	and	CCONJ
arjefm-1231	89	11	reliable	reliable	ADJ
arjefm-1231	89	12	financial	financial	ADJ
arjefm-1231	89	13	resources	resource	NOUN
arjefm-1231	89	14	to	to	PART
arjefm-1231	89	15	fulfill	fulfill	VERB
arjefm-1231	89	16	their	their	PRON
arjefm-1231	89	17	commitment	commitment	NOUN
arjefm-1231	89	18	under	under	ADP
arjefm-1231	89	19	the	the	DET
arjefm-1231	89	20	2015	2015	NUM
arjefm-1231	89	21	paris	paris	PROPN
arjefm-1231	89	22	agreement	agreement	NOUN
arjefm-1231	89	23	,	,	PUNCT
arjefm-1231	89	24	which	which	PRON
arjefm-1231	89	25	aims	aim	VERB
arjefm-1231	89	26	to	to	PART
arjefm-1231	89	27	hold	hold	VERB
arjefm-1231	89	28	the	the	DET
arjefm-1231	89	29	increase	increase	NOUN
arjefm-1231	89	30	in	in	ADP
arjefm-1231	89	31	the	the	DET
arjefm-1231	89	32	global	global	ADJ
arjefm-1231	89	33	average	average	ADJ
arjefm-1231	89	34	temperature	temperature	NOUN
arjefm-1231	89	35	to	to	PART
arjefm-1231	89	36	well	well	ADV
arjefm-1231	89	37	below	below	ADP
arjefm-1231	89	38	2	2	NUM
arjefm-1231	89	39	°	°	NUM
arjefm-1231	89	40	celsius	celsius	NOUN
arjefm-1231	89	41	above	above	ADP
arjefm-1231	89	42	pre	pre	ADJ
arjefm-1231	89	43	-	-	ADJ
arjefm-1231	89	44	industrial	industrial	ADJ
arjefm-1231	89	45	levels	level	NOUN
arjefm-1231	89	46	(	(	PUNCT
arjefm-1231	89	47	united	united	PROPN
arjefm-1231	89	48	nations	nation	NOUN
arjefm-1231	89	49	,	,	PUNCT
arjefm-1231	89	50	2015	2015	NUM
arjefm-1231	89	51	)	)	PUNCT
arjefm-1231	89	52	.	.	PUNCT
arjefm-1231	90	1	on	on	ADP
arjefm-1231	90	2	the	the	DET
arjefm-1231	90	3	other	other	ADJ
arjefm-1231	90	4	hand	hand	NOUN
arjefm-1231	90	5	,	,	PUNCT
arjefm-1231	90	6	investors	investor	NOUN
arjefm-1231	90	7	are	be	AUX
arjefm-1231	90	8	increasingly	increasingly	ADV
arjefm-1231	90	9	encouraged	encourage	VERB
arjefm-1231	90	10	to	to	PART
arjefm-1231	90	11	adapt	adapt	VERB
arjefm-1231	90	12	their	their	PRON
arjefm-1231	90	13	business	business	NOUN
arjefm-1231	90	14	models	model	NOUN
arjefm-1231	90	15	to	to	PART
arjefm-1231	90	16	create	create	VERB
arjefm-1231	90	17	not	not	PART
arjefm-1231	90	18	only	only	ADV
arjefm-1231	90	19	financial	financial	ADJ
arjefm-1231	90	20	value	value	NOUN
arjefm-1231	90	21	but	but	CCONJ
arjefm-1231	90	22	also	also	ADV
arjefm-1231	90	23	social	social	ADJ
arjefm-1231	90	24	and	and	CCONJ
arjefm-1231	90	25	environmental	environmental	ADJ
arjefm-1231	90	26	value	value	NOUN
arjefm-1231	90	27	(	(	PUNCT
arjefm-1231	90	28	schoenmaker	schoenmaker	NOUN
arjefm-1231	90	29	,	,	PUNCT
arjefm-1231	90	30	2017	2017	NUM
arjefm-1231	90	31	)	)	PUNCT
arjefm-1231	90	32	.	.	PUNCT
arjefm-1231	91	1	during	during	ADP
arjefm-1231	91	2	the	the	DET
arjefm-1231	91	3	2008	2008	NUM
arjefm-1231	91	4	financial	financial	ADJ
arjefm-1231	91	5	crisis	crisis	NOUN
arjefm-1231	91	6	,	,	PUNCT
arjefm-1231	91	7	green	green	ADJ
arjefm-1231	91	8	bonds	bond	NOUN
arjefm-1231	91	9	were	be	AUX
arjefm-1231	91	10	a	a	DET
arjefm-1231	91	11	concept	concept	NOUN
arjefm-1231	91	12	of	of	ADP
arjefm-1231	91	13	limited	limited	ADJ
arjefm-1231	91	14	interest	interest	NOUN
arjefm-1231	91	15	to	to	ADP
arjefm-1231	91	16	investors	investor	NOUN
arjefm-1231	91	17	(	(	PUNCT
arjefm-1231	91	18	united	united	PROPN
arjefm-1231	91	19	nations	nations	PROPN
arjefm-1231	91	20	secretary	secretary	PROPN
arjefm-1231	91	21	-	-	PUNCT
arjefm-1231	91	22	general	general	ADJ
arjefm-1231	91	23	2015	2015	NUM
arjefm-1231	91	24	)	)	PUNCT
arjefm-1231	91	25	,	,	PUNCT
arjefm-1231	91	26	since	since	SCONJ
arjefm-1231	91	27	environmental	environmental	ADJ
arjefm-1231	91	28	projects	project	NOUN
arjefm-1231	91	29	were	be	AUX
arjefm-1231	91	30	deemed	deem	VERB
arjefm-1231	91	31	risky	risky	ADJ
arjefm-1231	91	32	and	and	CCONJ
arjefm-1231	91	33	non	non	ADJ
arjefm-1231	91	34	-	-	ADJ
arjefm-1231	91	35	profitable	profitable	ADJ
arjefm-1231	91	36	by	by	ADP
arjefm-1231	91	37	traditional	traditional	ADJ
arjefm-1231	91	38	investors	investor	NOUN
arjefm-1231	91	39	(	(	PUNCT
arjefm-1231	91	40	wharthon	wharthon	PROPN
arjefm-1231	91	41	,	,	PUNCT
arjefm-1231	91	42	2015	2015	NUM
arjefm-1231	91	43	)	)	PUNCT
arjefm-1231	91	44	.	.	PUNCT
arjefm-1231	92	1	surprisingly	surprisingly	ADV
arjefm-1231	92	2	,	,	PUNCT
arjefm-1231	92	3	there	there	PRON
arjefm-1231	92	4	has	have	AUX
arjefm-1231	92	5	been	be	AUX
arjefm-1231	92	6	an	an	DET
arjefm-1231	92	7	exponential	exponential	ADJ
arjefm-1231	92	8	growth	growth	NOUN
arjefm-1231	92	9	in	in	ADP
arjefm-1231	92	10	green	green	ADJ
arjefm-1231	92	11	bond	bond	NOUN
arjefm-1231	92	12	issuance	issuance	NOUN
arjefm-1231	92	13	since	since	SCONJ
arjefm-1231	92	14	then	then	ADV
arjefm-1231	92	15	,	,	PUNCT
arjefm-1231	92	16	attributable	attributable	ADJ
arjefm-1231	92	17	to	to	ADP
arjefm-1231	92	18	increased	increase	VERB
arjefm-1231	92	19	awareness	awareness	NOUN
arjefm-1231	92	20	from	from	ADP
arjefm-1231	92	21	traditional	traditional	ADJ
arjefm-1231	92	22	investors	investor	NOUN
arjefm-1231	92	23	about	about	ADP
arjefm-1231	92	24	the	the	DET
arjefm-1231	92	25	benefits	benefit	NOUN
arjefm-1231	92	26	of	of	ADP
arjefm-1231	92	27	green	green	ADJ
arjefm-1231	92	28	investments	investment	NOUN
arjefm-1231	92	29	(	(	PUNCT
arjefm-1231	92	30	shishlov	shishlov	NOUN
arjefm-1231	92	31	,	,	PUNCT
arjefm-1231	92	32	morel	morel	NOUN
arjefm-1231	92	33	,	,	PUNCT
arjefm-1231	92	34	and	and	CCONJ
arjefm-1231	92	35	cochran	cochran	PROPN
arjefm-1231	92	36	2016	2016	NUM
arjefm-1231	92	37	)	)	PUNCT
arjefm-1231	92	38	and	and	CCONJ
arjefm-1231	92	39	the	the	DET
arjefm-1231	92	40	potential	potential	ADJ
arjefm-1231	92	41	impacts	impact	NOUN
arjefm-1231	92	42	of	of	ADP
arjefm-1231	92	43	climate	climate	NOUN
arjefm-1231	92	44	change	change	NOUN
arjefm-1231	92	45	on	on	ADP
arjefm-1231	92	46	financial	financial	ADJ
arjefm-1231	92	47	assets	asset	NOUN
arjefm-1231	92	48	(	(	PUNCT
arjefm-1231	92	49	caldecott	caldecott	PROPN
arjefm-1231	92	50	2017	2017	NUM
arjefm-1231	92	51	)	)	PUNCT
arjefm-1231	92	52	.	.	PUNCT
arjefm-1231	93	1	investors	investor	NOUN
arjefm-1231	93	2	’	'	PUNCT
arjefm-1231	93	3	appetite	appetite	NOUN
arjefm-1231	93	4	for	for	ADP
arjefm-1231	93	5	green	green	ADJ
arjefm-1231	93	6	bonds	bond	NOUN
arjefm-1231	93	7	has	have	AUX
arjefm-1231	93	8	therefore	therefore	ADV
arjefm-1231	93	9	grown	grow	VERB
arjefm-1231	93	10	rapidly	rapidly	ADV
arjefm-1231	93	11	(	(	PUNCT
arjefm-1231	93	12	pham	pham	PROPN
arjefm-1231	93	13	2016	2016	NUM
arjefm-1231	93	14	)	)	PUNCT
arjefm-1231	93	15	,	,	PUNCT
arjefm-1231	93	16	as	as	SCONJ
arjefm-1231	93	17	they	they	PRON
arjefm-1231	93	18	realize	realize	VERB
arjefm-1231	93	19	that	that	SCONJ
arjefm-1231	93	20	climate	climate	NOUN
arjefm-1231	93	21	change	change	NOUN
arjefm-1231	93	22	is	be	AUX
arjefm-1231	93	23	a	a	DET
arjefm-1231	93	24	new	new	ADJ
arjefm-1231	93	25	investment	investment	NOUN
arjefm-1231	93	26	return	return	NOUN
arjefm-1231	93	27	variable	variable	NOUN
arjefm-1231	93	28	,	,	PUNCT
arjefm-1231	93	29	that	that	PRON
arjefm-1231	93	30	deserves	deserve	VERB
arjefm-1231	93	31	significant	significant	ADJ
arjefm-1231	93	32	attention	attention	NOUN
arjefm-1231	93	33	(	(	PUNCT
arjefm-1231	93	34	mercer	mercer	NOUN
arjefm-1231	93	35	2015	2015	NUM
arjefm-1231	93	36	)	)	PUNCT
arjefm-1231	93	37	.	.	PUNCT
arjefm-1231	94	1	many	many	ADJ
arjefm-1231	94	2	investors	investor	NOUN
arjefm-1231	94	3	,	,	PUNCT
arjefm-1231	94	4	especially	especially	ADV
arjefm-1231	94	5	those	those	PRON
arjefm-1231	94	6	in	in	ADP
arjefm-1231	94	7	the	the	DET
arjefm-1231	94	8	carbon	carbon	NOUN
arjefm-1231	94	9	-	-	PUNCT
arjefm-1231	94	10	intensive	intensive	ADJ
arjefm-1231	94	11	sectors	sector	NOUN
arjefm-1231	94	12	of	of	ADP
arjefm-1231	94	13	the	the	DET
arjefm-1231	94	14	economy	economy	NOUN
arjefm-1231	94	15	,	,	PUNCT
arjefm-1231	94	16	have	have	AUX
arjefm-1231	94	17	now	now	ADV
arjefm-1231	94	18	become	become	VERB
arjefm-1231	94	19	very	very	ADV
arjefm-1231	94	20	reactive	reactive	ADJ
arjefm-1231	94	21	to	to	ADP
arjefm-1231	94	22	climate	climate	NOUN
arjefm-1231	94	23	-	-	PUNCT
arjefm-1231	94	24	related	relate	VERB
arjefm-1231	94	25	technologies	technology	NOUN
arjefm-1231	94	26	,	,	PUNCT
arjefm-1231	94	27	such	such	ADJ
arjefm-1231	94	28	as	as	ADP
arjefm-1231	94	29	carbon	carbon	NOUN
arjefm-1231	94	30	capture	capture	NOUN
arjefm-1231	94	31	and	and	CCONJ
arjefm-1231	94	32	sequestration	sequestration	NOUN
arjefm-1231	94	33	(	(	PUNCT
arjefm-1231	94	34	ccs	ccs	PROPN
arjefm-1231	94	35	)	)	PUNCT
arjefm-1231	94	36	.	.	PUNCT
arjefm-1231	95	1	more	more	ADV
arjefm-1231	95	2	importantly	importantly	ADV
arjefm-1231	95	3	,	,	PUNCT
arjefm-1231	95	4	an	an	DET
arjefm-1231	95	5	increasing	increase	VERB
arjefm-1231	95	6	number	number	NOUN
arjefm-1231	95	7	of	of	ADP
arjefm-1231	95	8	investors	investor	NOUN
arjefm-1231	95	9	began	begin	VERB
arjefm-1231	95	10	to	to	PART
arjefm-1231	95	11	incorporate	incorporate	VERB
arjefm-1231	95	12	climate	climate	NOUN
arjefm-1231	95	13	change	change	NOUN
arjefm-1231	95	14	risk	risk	NOUN
arjefm-1231	95	15	assessments	assessment	NOUN
arjefm-1231	95	16	into	into	ADP
arjefm-1231	95	17	their	their	PRON
arjefm-1231	95	18	investment	investment	NOUN
arjefm-1231	95	19	strategies	strategy	NOUN
arjefm-1231	95	20	(	(	PUNCT
arjefm-1231	95	21	byrd	byrd	PROPN
arjefm-1231	95	22	and	and	CCONJ
arjefm-1231	95	23	cooperman	cooperman	PROPN
arjefm-1231	95	24	2018	2018	NUM
arjefm-1231	95	25	)	)	PUNCT
arjefm-1231	95	26	.	.	PUNCT
arjefm-1231	96	1	green	green	ADJ
arjefm-1231	96	2	bonds	bond	NOUN
arjefm-1231	96	3	provide	provide	VERB
arjefm-1231	96	4	an	an	DET
arjefm-1231	96	5	opportunity	opportunity	NOUN
arjefm-1231	96	6	for	for	ADP
arjefm-1231	96	7	long	long	ADJ
arjefm-1231	96	8	-	-	PUNCT
arjefm-1231	96	9	term	term	NOUN
arjefm-1231	96	10	and	and	CCONJ
arjefm-1231	96	11	sustainable	sustainable	ADJ
arjefm-1231	96	12	infrastructure	infrastructure	NOUN
arjefm-1231	96	13	financing	financing	NOUN
arjefm-1231	96	14	.	.	PUNCT
arjefm-1231	97	1	the	the	DET
arjefm-1231	97	2	fact	fact	NOUN
arjefm-1231	97	3	that	that	SCONJ
arjefm-1231	97	4	green	green	ADJ
arjefm-1231	97	5	bonds	bond	NOUN
arjefm-1231	97	6	are	be	AUX
arjefm-1231	97	7	ranked	rank	VERB
arjefm-1231	97	8	pari	pari	ADJ
arjefm-1231	97	9	passu	passu	NOUN
arjefm-1231	97	10	with	with	ADP
arjefm-1231	97	11	conventional	conventional	ADJ
arjefm-1231	97	12	bonds	bond	NOUN
arjefm-1231	97	13	in	in	ADP
arjefm-1231	97	14	terms	term	NOUN
arjefm-1231	97	15	of	of	ADP
arjefm-1231	97	16	yield	yield	NOUN
arjefm-1231	97	17	to	to	ADP
arjefm-1231	97	18	maturity	maturity	NOUN
arjefm-1231	97	19	is	be	AUX
arjefm-1231	97	20	to	to	ADP
arjefm-1231	97	21	some	some	DET
arjefm-1231	97	22	extent	extent	NOUN
arjefm-1231	97	23	a	a	DET
arjefm-1231	97	24	key	key	ADJ
arjefm-1231	97	25	element	element	NOUN
arjefm-1231	97	26	that	that	PRON
arjefm-1231	97	27	boosts	boost	VERB
arjefm-1231	97	28	investor	investor	NOUN
arjefm-1231	97	29	’s	’s	PART
arjefm-1231	97	30	appetite	appetite	NOUN
arjefm-1231	97	31	for	for	ADP
arjefm-1231	97	32	green	green	ADJ
arjefm-1231	97	33	bonds	bond	NOUN
arjefm-1231	97	34	.	.	PUNCT
arjefm-1231	98	1	furthermore	furthermore	ADV
arjefm-1231	98	2	,	,	PUNCT
arjefm-1231	98	3	investors	investor	NOUN
arjefm-1231	98	4	have	have	VERB
arjefm-1231	98	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	98	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	98	7	american	american	PROPN
arjefm-1231	98	8	research	research	PROPN
arjefm-1231	98	9	journal	journal	PROPN
arjefm-1231	98	10	of	of	ADP
arjefm-1231	98	11	economics	economic	NOUN
arjefm-1231	98	12	,	,	PUNCT
arjefm-1231	98	13	finance	finance	NOUN
arjefm-1231	98	14	and	and	CCONJ
arjefm-1231	98	15	management	management	NOUN
arjefm-1231	98	16	volume	volume	NOUN
arjefm-1231	98	17	13	13	NUM
arjefm-1231	98	18	issue	issue	NOUN
arjefm-1231	98	19	3	3	NUM
arjefm-1231	98	20	,	,	PUNCT
arjefm-1231	98	21	july	july	PROPN
arjefm-1231	98	22	-	-	PUNCT
arjefm-1231	98	23	september	september	PROPN
arjefm-1231	98	24	2025	2025	NUM
arjefm-1231	98	25	issn	issn	NOUN
arjefm-1231	98	26	:	:	PUNCT
arjefm-1231	98	27	2836	2836	NUM
arjefm-1231	98	28	-	-	SYM
arjefm-1231	98	29	9416	9416	NUM
arjefm-1231	98	30	impact	impact	NOUN
arjefm-1231	98	31	factor	factor	NOUN
arjefm-1231	98	32	:	:	PUNCT
arjefm-1231	98	33	6.41	6.41	NUM
arjefm-1231	98	34	journal	journal	NOUN
arjefm-1231	98	35	homepage	homepage	NOUN
arjefm-1231	98	36	:	:	PUNCT
arjefm-1231	98	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	98	38	email	email	NOUN
arjefm-1231	98	39	:	:	PUNCT
arjefm-1231	98	40	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	98	41	official	official	ADJ
arjefm-1231	98	42	journal	journal	PROPN
arjefm-1231	98	43	of	of	ADP
arjefm-1231	98	44	america	america	PROPN
arjefm-1231	98	45	serial	serial	PROPN
arjefm-1231	98	46	publication	publication	NOUN
arjefm-1231	98	47	american	american	PROPN
arjefm-1231	98	48	research	research	PROPN
arjefm-1231	98	49	journal	journal	PROPN
arjefm-1231	98	50	of	of	ADP
arjefm-1231	98	51	economics	economic	NOUN
arjefm-1231	98	52	,	,	PUNCT
arjefm-1231	98	53	finance	finance	NOUN
arjefm-1231	98	54	and	and	CCONJ
arjefm-1231	98	55	management	management	NOUN
arjefm-1231	98	56	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	98	57	,	,	PUNCT
arjefm-1231	98	58	email	email	NOUN
arjefm-1231	98	59	:	:	PUNCT
arjefm-1231	98	60	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	99	1	43	43	NUM
arjefm-1231	100	1	|	|	ADV
arjefm-1231	100	2	p	p	X
arjefm-1231	100	3	a	a	DET
arjefm-1231	100	4	g	g	NOUN
arjefm-1231	100	5	e	e	NOUN
arjefm-1231	100	6	realized	realize	VERB
arjefm-1231	100	7	that	that	SCONJ
arjefm-1231	100	8	investing	invest	VERB
arjefm-1231	100	9	in	in	ADP
arjefm-1231	100	10	environment	environment	NOUN
arjefm-1231	100	11	-	-	PUNCT
arjefm-1231	100	12	related	relate	VERB
arjefm-1231	100	13	projects	project	NOUN
arjefm-1231	100	14	does	do	AUX
arjefm-1231	100	15	not	not	PART
arjefm-1231	100	16	necessarily	necessarily	ADV
arjefm-1231	100	17	jeopardize	jeopardize	VERB
arjefm-1231	100	18	the	the	DET
arjefm-1231	100	19	return	return	NOUN
arjefm-1231	100	20	on	on	ADP
arjefm-1231	100	21	investment	investment	NOUN
arjefm-1231	100	22	(	(	PUNCT
arjefm-1231	100	23	banga	banga	PROPN
arjefm-1231	100	24	,	,	PUNCT
arjefm-1231	100	25	2019	2019	NUM
arjefm-1231	100	26	)	)	PUNCT
arjefm-1231	100	27	.	.	PUNCT
arjefm-1231	101	1	the	the	DET
arjefm-1231	101	2	main	main	ADJ
arjefm-1231	101	3	difference	difference	NOUN
arjefm-1231	101	4	between	between	ADP
arjefm-1231	101	5	green	green	ADJ
arjefm-1231	101	6	bonds	bond	NOUN
arjefm-1231	101	7	and	and	CCONJ
arjefm-1231	101	8	conventional	conventional	ADJ
arjefm-1231	101	9	bonds	bond	NOUN
arjefm-1231	101	10	is	be	AUX
arjefm-1231	101	11	that	that	SCONJ
arjefm-1231	101	12	unlike	unlike	ADP
arjefm-1231	101	13	the	the	DET
arjefm-1231	101	14	latter	latter	ADJ
arjefm-1231	101	15	the	the	DET
arjefm-1231	101	16	proceeds	proceed	NOUN
arjefm-1231	101	17	of	of	ADP
arjefm-1231	101	18	the	the	DET
arjefm-1231	101	19	former	former	ADJ
arjefm-1231	101	20	must	must	AUX
arjefm-1231	101	21	be	be	AUX
arjefm-1231	101	22	entirely	entirely	ADV
arjefm-1231	101	23	allocated	allocate	VERB
arjefm-1231	101	24	for	for	ADP
arjefm-1231	101	25	environmentally	environmentally	ADV
arjefm-1231	101	26	-	-	PUNCT
arjefm-1231	101	27	friendly	friendly	ADJ
arjefm-1231	101	28	projects	project	NOUN
arjefm-1231	101	29	(	(	PUNCT
arjefm-1231	101	30	cbi	cbi	NOUN
arjefm-1231	101	31	and	and	CCONJ
arjefm-1231	101	32	hsbc	hsbc	PROPN
arjefm-1231	101	33	2017	2017	NUM
arjefm-1231	101	34	)	)	PUNCT
arjefm-1231	101	35	.	.	PUNCT
arjefm-1231	102	1	moreover	moreover	ADV
arjefm-1231	102	2	,	,	PUNCT
arjefm-1231	102	3	green	green	ADJ
arjefm-1231	102	4	bonds	bond	NOUN
arjefm-1231	102	5	often	often	ADV
arjefm-1231	102	6	require	require	VERB
arjefm-1231	102	7	a	a	DET
arjefm-1231	102	8	more	more	ADV
arjefm-1231	102	9	complex	complex	ADJ
arjefm-1231	102	10	-	-	PUNCT
arjefm-1231	102	11	issuance	issuance	NOUN
arjefm-1231	102	12	process	process	NOUN
arjefm-1231	102	13	,	,	PUNCT
arjefm-1231	102	14	since	since	SCONJ
arjefm-1231	102	15	their	their	PRON
arjefm-1231	102	16	deal	deal	NOUN
arjefm-1231	102	17	typically	typically	ADV
arjefm-1231	102	18	involves	involve	VERB
arjefm-1231	102	19	at	at	ADV
arjefm-1231	102	20	least	least	ADV
arjefm-1231	102	21	three	three	NUM
arjefm-1231	102	22	market	market	NOUN
arjefm-1231	102	23	players	player	NOUN
arjefm-1231	102	24	,	,	PUNCT
arjefm-1231	102	25	whose	whose	DET
arjefm-1231	102	26	roles	role	NOUN
arjefm-1231	102	27	are	be	AUX
arjefm-1231	102	28	discussed	discuss	VERB
arjefm-1231	102	29	in	in	ADP
arjefm-1231	102	30	the	the	DET
arjefm-1231	102	31	next	next	ADJ
arjefm-1231	102	32	subsection	subsection	NOUN
arjefm-1231	102	33	(	(	PUNCT
arjefm-1231	102	34	banga	banga	PROPN
arjefm-1231	102	35	,	,	PUNCT
arjefm-1231	102	36	2019	2019	NUM
arjefm-1231	102	37	)	)	PUNCT
arjefm-1231	102	38	.	.	PUNCT
arjefm-1231	103	1	corporate	corporate	ADJ
arjefm-1231	103	2	financial	financial	ADJ
arjefm-1231	103	3	performance	performance	NOUN
arjefm-1231	103	4	to	to	PART
arjefm-1231	103	5	achieve	achieve	VERB
arjefm-1231	103	6	the	the	DET
arjefm-1231	103	7	goal	goal	NOUN
arjefm-1231	103	8	of	of	ADP
arjefm-1231	103	9	market	market	NOUN
arjefm-1231	103	10	capitalization	capitalization	NOUN
arjefm-1231	103	11	maximization	maximization	NOUN
arjefm-1231	103	12	,	,	PUNCT
arjefm-1231	103	13	sustainable	sustainable	ADJ
arjefm-1231	103	14	development	development	NOUN
arjefm-1231	103	15	focuses	focus	VERB
arjefm-1231	103	16	on	on	ADP
arjefm-1231	103	17	preserving	preserve	VERB
arjefm-1231	103	18	society	society	NOUN
arjefm-1231	103	19	and	and	CCONJ
arjefm-1231	103	20	the	the	DET
arjefm-1231	103	21	environment	environment	NOUN
arjefm-1231	103	22	for	for	ADP
arjefm-1231	103	23	the	the	DET
arjefm-1231	103	24	benefit	benefit	NOUN
arjefm-1231	103	25	of	of	ADP
arjefm-1231	103	26	future	future	ADJ
arjefm-1231	103	27	generations	generation	NOUN
arjefm-1231	103	28	.	.	PUNCT
arjefm-1231	104	1	even	even	ADV
arjefm-1231	104	2	with	with	ADP
arjefm-1231	104	3	the	the	DET
arjefm-1231	104	4	growing	grow	VERB
arjefm-1231	104	5	awareness	awareness	NOUN
arjefm-1231	104	6	of	of	ADP
arjefm-1231	104	7	corporate	corporate	ADJ
arjefm-1231	104	8	sustainable	sustainable	ADJ
arjefm-1231	104	9	development	development	NOUN
arjefm-1231	104	10	,	,	PUNCT
arjefm-1231	104	11	there	there	PRON
arjefm-1231	104	12	are	be	VERB
arjefm-1231	104	13	still	still	ADV
arjefm-1231	104	14	concerns	concern	NOUN
arjefm-1231	104	15	about	about	ADP
arjefm-1231	104	16	how	how	SCONJ
arjefm-1231	104	17	to	to	PART
arjefm-1231	104	18	quantify	quantify	VERB
arjefm-1231	104	19	the	the	DET
arjefm-1231	104	20	impact	impact	NOUN
arjefm-1231	104	21	of	of	ADP
arjefm-1231	104	22	sustainable	sustainable	ADJ
arjefm-1231	104	23	development	development	NOUN
arjefm-1231	104	24	on	on	ADP
arjefm-1231	104	25	corporate	corporate	ADJ
arjefm-1231	104	26	business	business	NOUN
arjefm-1231	104	27	performance	performance	NOUN
arjefm-1231	104	28	,	,	PUNCT
arjefm-1231	104	29	particularly	particularly	ADV
arjefm-1231	104	30	about	about	ADP
arjefm-1231	104	31	the	the	DET
arjefm-1231	104	32	cfp	cfp	PROPN
arjefm-1231	104	33	.	.	PROPN
arjefm-1231	105	1	for	for	ADP
arjefm-1231	105	2	instance	instance	NOUN
arjefm-1231	105	3	,	,	PUNCT
arjefm-1231	105	4	küçükbay	küçükbay	PROPN
arjefm-1231	105	5	and	and	CCONJ
arjefm-1231	105	6	sürücü	sürücü	ADJ
arjefm-1231	105	7	(	(	PUNCT
arjefm-1231	105	8	2019	2019	NUM
arjefm-1231	105	9	)	)	PUNCT
arjefm-1231	105	10	presented	present	VERB
arjefm-1231	105	11	a	a	DET
arjefm-1231	105	12	novel	novel	ADJ
arjefm-1231	105	13	approach	approach	NOUN
arjefm-1231	105	14	to	to	ADP
arjefm-1231	105	15	measuring	measure	VERB
arjefm-1231	105	16	corporate	corporate	ADJ
arjefm-1231	105	17	business	business	NOUN
arjefm-1231	105	18	performance	performance	NOUN
arjefm-1231	105	19	that	that	PRON
arjefm-1231	105	20	includes	include	VERB
arjefm-1231	105	21	two	two	NUM
arjefm-1231	105	22	environmental	environmental	ADJ
arjefm-1231	105	23	,	,	PUNCT
arjefm-1231	105	24	four	four	NUM
arjefm-1231	105	25	social	social	ADJ
arjefm-1231	105	26	,	,	PUNCT
arjefm-1231	105	27	and	and	CCONJ
arjefm-1231	105	28	four	four	NUM
arjefm-1231	105	29	economic	economic	ADJ
arjefm-1231	105	30	and	and	CCONJ
arjefm-1231	105	31	financial	financial	ADJ
arjefm-1231	105	32	sub	sub	NOUN
arjefm-1231	105	33	-	-	NOUN
arjefm-1231	105	34	criteria	criterion	NOUN
arjefm-1231	105	35	.	.	PUNCT
arjefm-1231	106	1	we	we	PRON
arjefm-1231	106	2	are	be	AUX
arjefm-1231	106	3	focusing	focus	VERB
arjefm-1231	106	4	on	on	ADP
arjefm-1231	106	5	the	the	DET
arjefm-1231	106	6	financial	financial	ADJ
arjefm-1231	106	7	component	component	NOUN
arjefm-1231	106	8	of	of	ADP
arjefm-1231	106	9	corporate	corporate	ADJ
arjefm-1231	106	10	business	business	NOUN
arjefm-1231	106	11	success	success	NOUN
arjefm-1231	106	12	in	in	ADP
arjefm-1231	106	13	this	this	DET
arjefm-1231	106	14	area	area	NOUN
arjefm-1231	106	15	,	,	PUNCT
arjefm-1231	106	16	as	as	SCONJ
arjefm-1231	106	17	shown	show	VERB
arjefm-1231	106	18	by	by	ADP
arjefm-1231	106	19	a	a	DET
arjefm-1231	106	20	unique	unique	ADJ
arjefm-1231	106	21	system	system	NOUN
arjefm-1231	106	22	or	or	CCONJ
arjefm-1231	106	23	collection	collection	NOUN
arjefm-1231	106	24	of	of	ADP
arjefm-1231	106	25	indicators	indicator	NOUN
arjefm-1231	106	26	.	.	PUNCT
arjefm-1231	107	1	numerous	numerous	ADJ
arjefm-1231	107	2	indicators	indicator	NOUN
arjefm-1231	107	3	are	be	AUX
arjefm-1231	107	4	available	available	ADJ
arjefm-1231	107	5	in	in	ADP
arjefm-1231	107	6	the	the	DET
arjefm-1231	107	7	financial	financial	ADJ
arjefm-1231	107	8	literature	literature	NOUN
arjefm-1231	107	9	that	that	PRON
arjefm-1231	107	10	quantify	quantify	VERB
arjefm-1231	107	11	cfp	cfp	NOUN
arjefm-1231	107	12	;	;	PUNCT
arjefm-1231	107	13	however	however	ADV
arjefm-1231	107	14	,	,	PUNCT
arjefm-1231	107	15	the	the	DET
arjefm-1231	107	16	two	two	NUM
arjefm-1231	107	17	primary	primary	ADJ
arjefm-1231	107	18	groups	group	NOUN
arjefm-1231	107	19	of	of	ADP
arjefm-1231	107	20	indicators	indicator	NOUN
arjefm-1231	107	21	that	that	PRON
arjefm-1231	107	22	are	be	AUX
arjefm-1231	107	23	most	most	ADV
arjefm-1231	107	24	frequently	frequently	ADV
arjefm-1231	107	25	employed	employ	VERB
arjefm-1231	107	26	in	in	ADP
arjefm-1231	107	27	research	research	NOUN
arjefm-1231	107	28	studies	study	NOUN
arjefm-1231	107	29	are	be	AUX
arjefm-1231	107	30	as	as	SCONJ
arjefm-1231	107	31	follows	follow	VERB
arjefm-1231	107	32	:	:	PUNCT
arjefm-1231	107	33	there	there	PRON
arjefm-1231	107	34	are	be	VERB
arjefm-1231	107	35	two	two	NUM
arjefm-1231	107	36	types	type	NOUN
arjefm-1231	107	37	of	of	ADP
arjefm-1231	107	38	indicators	indicator	NOUN
arjefm-1231	107	39	:	:	PUNCT
arjefm-1231	107	40	(	(	PUNCT
arjefm-1231	107	41	a	a	X
arjefm-1231	107	42	)	)	PUNCT
arjefm-1231	107	43	short	short	ADJ
arjefm-1231	107	44	-	-	PUNCT
arjefm-1231	107	45	term	term	NOUN
arjefm-1231	107	46	,	,	PUNCT
arjefm-1231	107	47	linked	link	VERB
arjefm-1231	107	48	to	to	ADP
arjefm-1231	107	49	accounting	accounting	NOUN
arjefm-1231	107	50	value	value	NOUN
arjefm-1231	107	51	ratios	ratio	NOUN
arjefm-1231	107	52	and	and	CCONJ
arjefm-1231	107	53	profitability	profitability	NOUN
arjefm-1231	107	54	coefficients	coefficient	NOUN
arjefm-1231	107	55	;	;	PUNCT
arjefm-1231	107	56	and	and	CCONJ
arjefm-1231	107	57	(	(	PUNCT
arjefm-1231	107	58	b	b	X
arjefm-1231	107	59	)	)	PUNCT
arjefm-1231	107	60	long	long	ADJ
arjefm-1231	107	61	-	-	PUNCT
arjefm-1231	107	62	term	term	NOUN
arjefm-1231	107	63	,	,	PUNCT
arjefm-1231	107	64	linked	link	VERB
arjefm-1231	107	65	to	to	ADP
arjefm-1231	107	66	market	market	NOUN
arjefm-1231	107	67	value	value	NOUN
arjefm-1231	107	68	factors	factor	NOUN
arjefm-1231	107	69	,	,	PUNCT
arjefm-1231	107	70	or	or	CCONJ
arjefm-1231	107	71	asset	asset	NOUN
arjefm-1231	107	72	growth	growth	NOUN
arjefm-1231	107	73	factors	factor	NOUN
arjefm-1231	107	74	(	(	PUNCT
arjefm-1231	107	75	tien	tien	NOUN
arjefm-1231	107	76	,	,	PUNCT
arjefm-1231	107	77	anh	anh	PROPN
arjefm-1231	107	78	and	and	CCONJ
arjefm-1231	107	79	ngoc	ngoc	PROPN
arjefm-1231	107	80	,	,	PUNCT
arjefm-1231	107	81	2020	2020	NUM
arjefm-1231	107	82	)	)	PUNCT
arjefm-1231	107	83	.	.	PUNCT
arjefm-1231	108	1	return	return	VERB
arjefm-1231	108	2	on	on	ADP
arjefm-1231	108	3	equity	equity	NOUN
arjefm-1231	108	4	(	(	PUNCT
arjefm-1231	108	5	roe	roe	PROPN
arjefm-1231	108	6	)	)	PUNCT
arjefm-1231	108	7	and	and	CCONJ
arjefm-1231	108	8	return	return	VERB
arjefm-1231	108	9	on	on	ADP
arjefm-1231	108	10	assets	asset	NOUN
arjefm-1231	108	11	(	(	PUNCT
arjefm-1231	108	12	roa	roa	NOUN
arjefm-1231	108	13	)	)	PUNCT
arjefm-1231	108	14	are	be	AUX
arjefm-1231	108	15	the	the	DET
arjefm-1231	108	16	two	two	NUM
arjefm-1231	108	17	most	most	ADV
arjefm-1231	108	18	often	often	ADV
arjefm-1231	108	19	employed	employ	VERB
arjefm-1231	108	20	profit	profit	NOUN
arjefm-1231	108	21	objectives	objective	NOUN
arjefm-1231	108	22	.	.	PUNCT
arjefm-1231	109	1	one	one	PRON
arjefm-1231	109	2	might	might	AUX
arjefm-1231	109	3	utilize	utilize	VERB
arjefm-1231	109	4	net	net	ADJ
arjefm-1231	109	5	profit	profit	NOUN
arjefm-1231	109	6	,	,	PUNCT
arjefm-1231	109	7	either	either	CCONJ
arjefm-1231	109	8	before	before	ADP
arjefm-1231	109	9	or	or	CCONJ
arjefm-1231	109	10	after	after	ADP
arjefm-1231	109	11	taxes	taxis	NOUN
arjefm-1231	109	12	,	,	PUNCT
arjefm-1231	109	13	to	to	PART
arjefm-1231	109	14	compute	compute	VERB
arjefm-1231	109	15	these	these	DET
arjefm-1231	109	16	two	two	NUM
arjefm-1231	109	17	indexes	index	NOUN
arjefm-1231	109	18	(	(	PUNCT
arjefm-1231	109	19	tian	tian	PROPN
arjefm-1231	109	20	&	&	CCONJ
arjefm-1231	109	21	estrin	estrin	PROPN
arjefm-1231	109	22	,	,	PUNCT
arjefm-1231	109	23	2008	2008	NUM
arjefm-1231	109	24	)	)	PUNCT
arjefm-1231	109	25	.	.	PUNCT
arjefm-1231	110	1	researchers	researcher	NOUN
arjefm-1231	110	2	,	,	PUNCT
arjefm-1231	110	3	however	however	ADV
arjefm-1231	110	4	,	,	PUNCT
arjefm-1231	110	5	contend	contend	VERB
arjefm-1231	110	6	that	that	SCONJ
arjefm-1231	110	7	the	the	DET
arjefm-1231	110	8	most	most	ADV
arjefm-1231	110	9	appropriate	appropriate	ADJ
arjefm-1231	110	10	term	term	NOUN
arjefm-1231	110	11	to	to	PART
arjefm-1231	110	12	employ	employ	VERB
arjefm-1231	110	13	is	be	AUX
arjefm-1231	110	14	pre	pre	ADJ
arjefm-1231	110	15	-	-	ADJ
arjefm-1231	110	16	tax	tax	ADJ
arjefm-1231	110	17	profit	profit	NOUN
arjefm-1231	110	18	after	after	ADP
arjefm-1231	110	19	interest	interest	NOUN
arjefm-1231	110	20	,	,	PUNCT
arjefm-1231	110	21	which	which	PRON
arjefm-1231	110	22	is	be	AUX
arjefm-1231	110	23	defined	define	VERB
arjefm-1231	110	24	as	as	ADP
arjefm-1231	110	25	profits	profit	NOUN
arjefm-1231	110	26	before	before	ADP
arjefm-1231	110	27	interest	interest	NOUN
arjefm-1231	110	28	and	and	CCONJ
arjefm-1231	110	29	taxes	taxis	NOUN
arjefm-1231	110	30	,	,	PUNCT
arjefm-1231	110	31	or	or	CCONJ
arjefm-1231	110	32	after	after	ADP
arjefm-1231	110	33	interest	interest	NOUN
arjefm-1231	110	34	,	,	PUNCT
arjefm-1231	110	35	depreciation	depreciation	NOUN
arjefm-1231	110	36	,	,	PUNCT
arjefm-1231	110	37	and	and	CCONJ
arjefm-1231	110	38	amortization	amortization	NOUN
arjefm-1231	110	39	,	,	PUNCT
arjefm-1231	110	40	which	which	PRON
arjefm-1231	110	41	is	be	AUX
arjefm-1231	110	42	defined	define	VERB
arjefm-1231	110	43	as	as	ADP
arjefm-1231	110	44	earnings	earning	NOUN
arjefm-1231	110	45	before	before	ADP
arjefm-1231	110	46	interest	interest	NOUN
arjefm-1231	110	47	,	,	PUNCT
arjefm-1231	110	48	taxes	taxis	NOUN
arjefm-1231	110	49	,	,	PUNCT
arjefm-1231	110	50	depreciation	depreciation	NOUN
arjefm-1231	110	51	,	,	PUNCT
arjefm-1231	110	52	and	and	CCONJ
arjefm-1231	110	53	amortization	amortization	NOUN
arjefm-1231	110	54	.	.	PUNCT
arjefm-1231	111	1	there	there	PRON
arjefm-1231	111	2	will	will	AUX
arjefm-1231	111	3	be	be	AUX
arjefm-1231	111	4	many	many	ADJ
arjefm-1231	111	5	financial	financial	ADJ
arjefm-1231	111	6	repercussions	repercussion	NOUN
arjefm-1231	111	7	from	from	ADP
arjefm-1231	111	8	this	this	DET
arjefm-1231	111	9	decision	decision	NOUN
arjefm-1231	111	10	.	.	PUNCT
arjefm-1231	112	1	the	the	DET
arjefm-1231	112	2	disparity	disparity	NOUN
arjefm-1231	112	3	in	in	ADP
arjefm-1231	112	4	profit	profit	NOUN
arjefm-1231	112	5	computation	computation	NOUN
arjefm-1231	112	6	techniques	technique	NOUN
arjefm-1231	112	7	might	might	AUX
arjefm-1231	112	8	perhaps	perhaps	ADV
arjefm-1231	112	9	be	be	AUX
arjefm-1231	112	10	attributed	attribute	VERB
arjefm-1231	112	11	to	to	ADP
arjefm-1231	112	12	limitations	limitation	NOUN
arjefm-1231	112	13	in	in	ADP
arjefm-1231	112	14	the	the	DET
arjefm-1231	112	15	database	database	NOUN
arjefm-1231	112	16	.	.	PUNCT
arjefm-1231	113	1	many	many	ADJ
arjefm-1231	113	2	times	time	NOUN
arjefm-1231	113	3	,	,	PUNCT
arjefm-1231	113	4	different	different	ADJ
arjefm-1231	113	5	calculations	calculation	NOUN
arjefm-1231	113	6	will	will	AUX
arjefm-1231	113	7	be	be	AUX
arjefm-1231	113	8	made	make	VERB
arjefm-1231	113	9	by	by	ADP
arjefm-1231	113	10	certain	certain	ADJ
arjefm-1231	113	11	researchers	researcher	NOUN
arjefm-1231	113	12	due	due	ADJ
arjefm-1231	113	13	to	to	ADP
arjefm-1231	113	14	the	the	DET
arjefm-1231	113	15	incompleteness	incompleteness	NOUN
arjefm-1231	113	16	of	of	ADP
arjefm-1231	113	17	the	the	DET
arjefm-1231	113	18	database	database	NOUN
arjefm-1231	113	19	(	(	PUNCT
arjefm-1231	113	20	tien	tien	PROPN
arjefm-1231	113	21	,	,	PUNCT
arjefm-1231	113	22	anh	anh	NOUN
arjefm-1231	113	23	,	,	PUNCT
arjefm-1231	113	24	and	and	CCONJ
arjefm-1231	113	25	ngoc	ngoc	PROPN
arjefm-1231	113	26	,	,	PUNCT
arjefm-1231	113	27	2020	2020	NUM
arjefm-1231	113	28	)	)	PUNCT
arjefm-1231	113	29	.	.	PUNCT
arjefm-1231	114	1	financial	financial	ADJ
arjefm-1231	114	2	performance	performance	NOUN
arjefm-1231	114	3	financial	financial	ADJ
arjefm-1231	114	4	performance	performance	NOUN
arjefm-1231	114	5	refers	refer	VERB
arjefm-1231	114	6	to	to	ADP
arjefm-1231	114	7	the	the	DET
arjefm-1231	114	8	extent	extent	NOUN
arjefm-1231	114	9	to	to	PART
arjefm-1231	114	10	which	which	PRON
arjefm-1231	114	11	a	a	DET
arjefm-1231	114	12	firm	firm	NOUN
arjefm-1231	114	13	increases	increase	VERB
arjefm-1231	114	14	its	its	PRON
arjefm-1231	114	15	effectiveness	effectiveness	NOUN
arjefm-1231	114	16	and	and	CCONJ
arjefm-1231	114	17	efficiency	efficiency	NOUN
arjefm-1231	114	18	in	in	ADP
arjefm-1231	114	19	transforming	transform	VERB
arjefm-1231	114	20	the	the	DET
arjefm-1231	114	21	usage	usage	NOUN
arjefm-1231	114	22	of	of	ADP
arjefm-1231	114	23	its	its	PRON
arjefm-1231	114	24	assets	asset	NOUN
arjefm-1231	114	25	into	into	ADP
arjefm-1231	114	26	profits	profit	NOUN
arjefm-1231	114	27	.	.	PUNCT
arjefm-1231	115	1	according	accord	VERB
arjefm-1231	115	2	to	to	ADP
arjefm-1231	115	3	nzewi	nzewi	NOUN
arjefm-1231	115	4	(	(	PUNCT
arjefm-1231	115	5	2015	2015	NUM
arjefm-1231	115	6	)	)	PUNCT
arjefm-1231	115	7	,	,	PUNCT
arjefm-1231	115	8	maximization	maximization	NOUN
arjefm-1231	115	9	of	of	ADP
arjefm-1231	115	10	shareholders	shareholder	NOUN
arjefm-1231	115	11	’	'	PUNCT
arjefm-1231	115	12	wealth	wealth	NOUN
arjefm-1231	115	13	,	,	PUNCT
arjefm-1231	115	14	of	of	ADP
arjefm-1231	115	15	which	which	PRON
arjefm-1231	115	16	profit	profit	NOUN
arjefm-1231	115	17	maximization	maximization	NOUN
arjefm-1231	115	18	is	be	AUX
arjefm-1231	115	19	one	one	NUM
arjefm-1231	115	20	aspect	aspect	NOUN
arjefm-1231	115	21	,	,	PUNCT
arjefm-1231	115	22	is	be	AUX
arjefm-1231	115	23	the	the	DET
arjefm-1231	115	24	ultimate	ultimate	ADJ
arjefm-1231	115	25	goal	goal	NOUN
arjefm-1231	115	26	of	of	ADP
arjefm-1231	115	27	organizations	organization	NOUN
arjefm-1231	115	28	such	such	ADJ
arjefm-1231	115	29	that	that	SCONJ
arjefm-1231	115	30	all	all	DET
arjefm-1231	115	31	the	the	DET
arjefm-1231	115	32	policies	policy	NOUN
arjefm-1231	115	33	designed	design	VERB
arjefm-1231	115	34	and	and	CCONJ
arjefm-1231	115	35	activities	activity	NOUN
arjefm-1231	115	36	performed	perform	VERB
arjefm-1231	115	37	are	be	AUX
arjefm-1231	115	38	meant	mean	VERB
arjefm-1231	115	39	to	to	PART
arjefm-1231	115	40	realize	realize	VERB
arjefm-1231	115	41	this	this	DET
arjefm-1231	115	42	grand	grand	ADJ
arjefm-1231	115	43	objective	objective	NOUN
arjefm-1231	115	44	.	.	PUNCT
arjefm-1231	116	1	however	however	ADV
arjefm-1231	116	2	,	,	PUNCT
arjefm-1231	116	3	this	this	PRON
arjefm-1231	116	4	does	do	AUX
arjefm-1231	116	5	not	not	PART
arjefm-1231	116	6	mean	mean	VERB
arjefm-1231	116	7	that	that	SCONJ
arjefm-1231	116	8	companies	company	NOUN
arjefm-1231	116	9	have	have	VERB
arjefm-1231	116	10	no	no	DET
arjefm-1231	116	11	other	other	ADJ
arjefm-1231	116	12	goals	goal	NOUN
arjefm-1231	116	13	.	.	PUNCT
arjefm-1231	117	1	financial	financial	ADJ
arjefm-1231	117	2	performance	performance	NOUN
arjefm-1231	117	3	measures	measure	VERB
arjefm-1231	117	4	the	the	DET
arjefm-1231	117	5	extent	extent	NOUN
arjefm-1231	117	6	of	of	ADP
arjefm-1231	117	7	profitability	profitability	NOUN
arjefm-1231	117	8	of	of	ADP
arjefm-1231	117	9	a	a	DET
arjefm-1231	117	10	firm	firm	NOUN
arjefm-1231	117	11	.	.	PUNCT
arjefm-1231	118	1	profit	profit	NOUN
arjefm-1231	118	2	is	be	AUX
arjefm-1231	118	3	the	the	DET
arjefm-1231	118	4	excess	excess	NOUN
arjefm-1231	118	5	of	of	ADP
arjefm-1231	118	6	revenue	revenue	NOUN
arjefm-1231	118	7	generated	generate	VERB
arjefm-1231	118	8	over	over	ADP
arjefm-1231	118	9	the	the	DET
arjefm-1231	118	10	cost	cost	NOUN
arjefm-1231	118	11	in	in	ADP
arjefm-1231	118	12	the	the	DET
arjefm-1231	118	13	production	production	NOUN
arjefm-1231	118	14	process	process	NOUN
arjefm-1231	118	15	within	within	ADP
arjefm-1231	118	16	a	a	DET
arjefm-1231	118	17	definite	definite	ADJ
arjefm-1231	118	18	period	period	NOUN
arjefm-1231	118	19	(	(	PUNCT
arjefm-1231	118	20	karim	karim	PROPN
arjefm-1231	118	21	,	,	PUNCT
arjefm-1231	118	22	kamruzzaman	kamruzzaman	PROPN
arjefm-1231	118	23	&	&	CCONJ
arjefm-1231	118	24	kamruzzaman	kamruzzaman	PROPN
arjefm-1231	118	25	,	,	PUNCT
arjefm-1231	118	26	2018	2018	NUM
arjefm-1231	118	27	)	)	PUNCT
arjefm-1231	118	28	.	.	PUNCT
arjefm-1231	119	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	120	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	121	1	american	american	PROPN
arjefm-1231	121	2	research	research	PROPN
arjefm-1231	121	3	journal	journal	PROPN
arjefm-1231	121	4	of	of	ADP
arjefm-1231	121	5	economics	economic	NOUN
arjefm-1231	121	6	,	,	PUNCT
arjefm-1231	121	7	finance	finance	NOUN
arjefm-1231	121	8	and	and	CCONJ
arjefm-1231	121	9	management	management	NOUN
arjefm-1231	121	10	volume	volume	NOUN
arjefm-1231	121	11	13	13	NUM
arjefm-1231	121	12	issue	issue	NOUN
arjefm-1231	121	13	3	3	NUM
arjefm-1231	121	14	,	,	PUNCT
arjefm-1231	121	15	july	july	PROPN
arjefm-1231	121	16	-	-	PUNCT
arjefm-1231	121	17	september	september	PROPN
arjefm-1231	121	18	2025	2025	NUM
arjefm-1231	121	19	issn	issn	NOUN
arjefm-1231	121	20	:	:	PUNCT
arjefm-1231	121	21	2836	2836	NUM
arjefm-1231	121	22	-	-	SYM
arjefm-1231	121	23	9416	9416	NUM
arjefm-1231	121	24	impact	impact	NOUN
arjefm-1231	121	25	factor	factor	NOUN
arjefm-1231	121	26	:	:	PUNCT
arjefm-1231	121	27	6.41	6.41	NUM
arjefm-1231	121	28	journal	journal	NOUN
arjefm-1231	121	29	homepage	homepage	NOUN
arjefm-1231	121	30	:	:	PUNCT
arjefm-1231	121	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	121	32	email	email	NOUN
arjefm-1231	121	33	:	:	PUNCT
arjefm-1231	121	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	121	35	official	official	ADJ
arjefm-1231	121	36	journal	journal	PROPN
arjefm-1231	121	37	of	of	ADP
arjefm-1231	121	38	america	america	PROPN
arjefm-1231	121	39	serial	serial	PROPN
arjefm-1231	121	40	publication	publication	NOUN
arjefm-1231	121	41	american	american	PROPN
arjefm-1231	121	42	research	research	PROPN
arjefm-1231	121	43	journal	journal	PROPN
arjefm-1231	121	44	of	of	ADP
arjefm-1231	121	45	economics	economic	NOUN
arjefm-1231	121	46	,	,	PUNCT
arjefm-1231	121	47	finance	finance	NOUN
arjefm-1231	121	48	and	and	CCONJ
arjefm-1231	121	49	management	management	NOUN
arjefm-1231	121	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	121	51	,	,	PUNCT
arjefm-1231	121	52	email	email	NOUN
arjefm-1231	121	53	:	:	PUNCT
arjefm-1231	121	54	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	121	55	44	44	NUM
arjefm-1231	122	1	|	|	ADV
arjefm-1231	122	2	p	p	NOUN
arjefm-1231	122	3	a	a	DET
arjefm-1231	122	4	g	g	NOUN
arjefm-1231	122	5	e	e	NOUN
arjefm-1231	122	6	it	it	PRON
arjefm-1231	122	7	means	mean	VERB
arjefm-1231	122	8	the	the	DET
arjefm-1231	122	9	excess	excess	NOUN
arjefm-1231	122	10	of	of	ADP
arjefm-1231	122	11	revenue	revenue	NOUN
arjefm-1231	122	12	over	over	ADP
arjefm-1231	122	13	net	net	ADJ
arjefm-1231	122	14	operating	operating	NOUN
arjefm-1231	122	15	expenses	expense	NOUN
arjefm-1231	122	16	(	(	PUNCT
arjefm-1231	122	17	nworie	nworie	ADJ
arjefm-1231	122	18	&	&	CCONJ
arjefm-1231	122	19	ofoje	ofoje	NOUN
arjefm-1231	122	20	,	,	PUNCT
arjefm-1231	122	21	2022	2022	NUM
arjefm-1231	122	22	)	)	PUNCT
arjefm-1231	122	23	.	.	PUNCT
arjefm-1231	123	1	in	in	ADP
arjefm-1231	123	2	line	line	NOUN
arjefm-1231	123	3	with	with	ADP
arjefm-1231	123	4	the	the	DET
arjefm-1231	123	5	submission	submission	NOUN
arjefm-1231	123	6	of	of	ADP
arjefm-1231	123	7	omari	omari	X
arjefm-1231	123	8	(	(	PUNCT
arjefm-1231	123	9	2020	2020	NUM
arjefm-1231	123	10	)	)	PUNCT
arjefm-1231	123	11	,	,	PUNCT
arjefm-1231	123	12	financial	financial	ADJ
arjefm-1231	123	13	performance	performance	NOUN
arjefm-1231	123	14	means	mean	VERB
arjefm-1231	123	15	a	a	DET
arjefm-1231	123	16	firm	firm	NOUN
arjefm-1231	123	17	’s	’s	PART
arjefm-1231	123	18	ability	ability	NOUN
arjefm-1231	123	19	to	to	PART
arjefm-1231	123	20	generate	generate	VERB
arjefm-1231	123	21	a	a	DET
arjefm-1231	123	22	satisfactory	satisfactory	ADJ
arjefm-1231	123	23	return	return	NOUN
arjefm-1231	123	24	on	on	ADP
arjefm-1231	123	25	invested	invest	VERB
arjefm-1231	123	26	capital	capital	NOUN
arjefm-1231	123	27	through	through	ADP
arjefm-1231	123	28	which	which	PRON
arjefm-1231	123	29	shareholders	shareholder	NOUN
arjefm-1231	123	30	are	be	AUX
arjefm-1231	123	31	happy	happy	ADJ
arjefm-1231	123	32	and	and	CCONJ
arjefm-1231	123	33	prospective	prospective	ADJ
arjefm-1231	123	34	investors	investor	NOUN
arjefm-1231	123	35	are	be	AUX
arjefm-1231	123	36	motivated	motivate	VERB
arjefm-1231	123	37	to	to	PART
arjefm-1231	123	38	invest	invest	VERB
arjefm-1231	123	39	.	.	PUNCT
arjefm-1231	124	1	relatedly	relatedly	ADV
arjefm-1231	124	2	,	,	PUNCT
arjefm-1231	124	3	shareholders	shareholder	NOUN
arjefm-1231	124	4	are	be	AUX
arjefm-1231	124	5	always	always	ADV
arjefm-1231	124	6	interested	interested	ADJ
arjefm-1231	124	7	in	in	ADP
arjefm-1231	124	8	the	the	DET
arjefm-1231	124	9	ability	ability	NOUN
arjefm-1231	124	10	of	of	ADP
arjefm-1231	124	11	the	the	DET
arjefm-1231	124	12	company	company	NOUN
arjefm-1231	124	13	to	to	PART
arjefm-1231	124	14	use	use	VERB
arjefm-1231	124	15	their	their	PRON
arjefm-1231	124	16	limited	limited	ADJ
arjefm-1231	124	17	assets	asset	NOUN
arjefm-1231	124	18	efficiently	efficiently	ADV
arjefm-1231	124	19	and	and	CCONJ
arjefm-1231	124	20	effectively	effectively	ADV
arjefm-1231	124	21	to	to	PART
arjefm-1231	124	22	produce	produce	VERB
arjefm-1231	124	23	the	the	DET
arjefm-1231	124	24	desired	desire	VERB
arjefm-1231	124	25	profits	profit	NOUN
arjefm-1231	124	26	.	.	PUNCT
arjefm-1231	125	1	return	return	NOUN
arjefm-1231	125	2	is	be	AUX
arjefm-1231	125	3	judged	judge	VERB
arjefm-1231	125	4	by	by	ADP
arjefm-1231	125	5	assessing	assess	VERB
arjefm-1231	125	6	earnings	earning	NOUN
arjefm-1231	125	7	relative	relative	ADJ
arjefm-1231	125	8	to	to	ADP
arjefm-1231	125	9	the	the	DET
arjefm-1231	125	10	level	level	NOUN
arjefm-1231	125	11	and	and	CCONJ
arjefm-1231	125	12	sources	source	NOUN
arjefm-1231	125	13	of	of	ADP
arjefm-1231	125	14	financing	financing	NOUN
arjefm-1231	125	15	in	in	ADP
arjefm-1231	125	16	that	that	SCONJ
arjefm-1231	125	17	a	a	DET
arjefm-1231	125	18	profit	profit	NOUN
arjefm-1231	125	19	is	be	AUX
arjefm-1231	125	20	not	not	PART
arjefm-1231	125	21	made	make	VERB
arjefm-1231	125	22	when	when	SCONJ
arjefm-1231	125	23	the	the	DET
arjefm-1231	125	24	operating	operating	NOUN
arjefm-1231	125	25	expenses	expense	NOUN
arjefm-1231	125	26	are	be	AUX
arjefm-1231	125	27	not	not	PART
arjefm-1231	125	28	yet	yet	ADV
arjefm-1231	125	29	covered	cover	VERB
arjefm-1231	125	30	(	(	PUNCT
arjefm-1231	125	31	kajola	kajola	PROPN
arjefm-1231	125	32	,	,	PUNCT
arjefm-1231	125	33	sanyaolu	sanyaolu	PROPN
arjefm-1231	125	34	,	,	PUNCT
arjefm-1231	125	35	alao	alao	PROPN
arjefm-1231	125	36	&	&	CCONJ
arjefm-1231	125	37	ojunrongbe	ojunrongbe	PROPN
arjefm-1231	125	38	,	,	PUNCT
arjefm-1231	125	39	2020	2020	NUM
arjefm-1231	125	40	)	)	PUNCT
arjefm-1231	125	41	.	.	PUNCT
arjefm-1231	126	1	financial	financial	ADJ
arjefm-1231	126	2	performance	performance	NOUN
arjefm-1231	126	3	evaluates	evaluate	VERB
arjefm-1231	126	4	the	the	DET
arjefm-1231	126	5	effectiveness	effectiveness	NOUN
arjefm-1231	126	6	and	and	CCONJ
arjefm-1231	126	7	efficiency	efficiency	NOUN
arjefm-1231	126	8	with	with	ADP
arjefm-1231	126	9	which	which	DET
arjefm-1231	126	10	equipment	equipment	NOUN
arjefm-1231	126	11	,	,	PUNCT
arjefm-1231	126	12	plant	plant	NOUN
arjefm-1231	126	13	,	,	PUNCT
arjefm-1231	126	14	and	and	CCONJ
arjefm-1231	126	15	current	current	ADJ
arjefm-1231	126	16	assets	asset	NOUN
arjefm-1231	126	17	are	be	AUX
arjefm-1231	126	18	transformed	transform	VERB
arjefm-1231	126	19	into	into	ADP
arjefm-1231	126	20	profits	profit	NOUN
arjefm-1231	126	21	(	(	PUNCT
arjefm-1231	126	22	nworie	nworie	ADJ
arjefm-1231	126	23	&	&	CCONJ
arjefm-1231	126	24	mba	mba	PROPN
arjefm-1231	126	25	,	,	PUNCT
arjefm-1231	126	26	2022	2022	NUM
arjefm-1231	126	27	)	)	PUNCT
arjefm-1231	126	28	.	.	PUNCT
arjefm-1231	127	1	financial	financial	ADJ
arjefm-1231	127	2	performance	performance	NOUN
arjefm-1231	127	3	could	could	AUX
arjefm-1231	127	4	be	be	AUX
arjefm-1231	127	5	determined	determine	VERB
arjefm-1231	127	6	through	through	ADP
arjefm-1231	127	7	gross	gross	ADJ
arjefm-1231	127	8	profit	profit	NOUN
arjefm-1231	127	9	margin	margin	NOUN
arjefm-1231	127	10	,	,	PUNCT
arjefm-1231	127	11	return	return	VERB
arjefm-1231	127	12	on	on	ADP
arjefm-1231	127	13	assets	asset	NOUN
arjefm-1231	127	14	(	(	PUNCT
arjefm-1231	127	15	roa	roa	NOUN
arjefm-1231	127	16	)	)	PUNCT
arjefm-1231	127	17	,	,	PUNCT
arjefm-1231	127	18	return	return	VERB
arjefm-1231	127	19	on	on	ADP
arjefm-1231	127	20	equity	equity	NOUN
arjefm-1231	127	21	(	(	PUNCT
arjefm-1231	127	22	roe	roe	PROPN
arjefm-1231	127	23	)	)	PUNCT
arjefm-1231	127	24	,	,	PUNCT
arjefm-1231	128	1	net	net	ADJ
arjefm-1231	128	2	profit	profit	NOUN
arjefm-1231	128	3	margin	margin	NOUN
arjefm-1231	128	4	(	(	PUNCT
arjefm-1231	128	5	nmp	nmp	NOUN
arjefm-1231	128	6	)	)	PUNCT
arjefm-1231	128	7	,	,	PUNCT
arjefm-1231	128	8	and	and	CCONJ
arjefm-1231	128	9	profit	profit	NOUN
arjefm-1231	128	10	after	after	ADP
arjefm-1231	128	11	tax	tax	NOUN
arjefm-1231	128	12	(	(	PUNCT
arjefm-1231	128	13	pat	pat	PROPN
arjefm-1231	128	14	)	)	PUNCT
arjefm-1231	128	15	(	(	PUNCT
arjefm-1231	128	16	wuave	wuave	PROPN
arjefm-1231	128	17	,	,	PUNCT
arjefm-1231	128	18	yua	yua	PROPN
arjefm-1231	128	19	&	&	CCONJ
arjefm-1231	128	20	mkuma	mkuma	PROPN
arjefm-1231	128	21	,	,	PUNCT
arjefm-1231	128	22	2020	2020	NUM
arjefm-1231	128	23	)	)	PUNCT
arjefm-1231	128	24	.	.	PUNCT
arjefm-1231	129	1	2.2	2.2	NUM
arjefm-1231	129	2	theoretical	theoretical	ADJ
arjefm-1231	129	3	review	review	NOUN
arjefm-1231	129	4	operating	operating	NOUN
arjefm-1231	129	5	cycle	cycle	NOUN
arjefm-1231	129	6	theory	theory	NOUN
arjefm-1231	129	7	the	the	DET
arjefm-1231	129	8	theory	theory	NOUN
arjefm-1231	129	9	postulates	postulate	VERB
arjefm-1231	129	10	that	that	SCONJ
arjefm-1231	129	11	incorporating	incorporate	VERB
arjefm-1231	129	12	working	work	VERB
arjefm-1231	129	13	capital	capital	NOUN
arjefm-1231	129	14	measures	measure	NOUN
arjefm-1231	129	15	such	such	ADJ
arjefm-1231	129	16	as	as	ADP
arjefm-1231	129	17	accounts	account	NOUN
arjefm-1231	129	18	receivable	receivable	ADJ
arjefm-1231	129	19	and	and	CCONJ
arjefm-1231	129	20	inventory	inventory	NOUN
arjefm-1231	129	21	turnover	turnover	NOUN
arjefm-1231	129	22	into	into	ADP
arjefm-1231	129	23	an	an	DET
arjefm-1231	129	24	operating	operate	VERB
arjefm-1231	129	25	cycle	cycle	NOUN
arjefm-1231	129	26	concept	concept	NOUN
arjefm-1231	129	27	provides	provide	VERB
arjefm-1231	129	28	an	an	DET
arjefm-1231	129	29	appropriate	appropriate	ADJ
arjefm-1231	129	30	view	view	NOUN
arjefm-1231	129	31	of	of	ADP
arjefm-1231	129	32	liquidity	liquidity	NOUN
arjefm-1231	129	33	management	management	NOUN
arjefm-1231	129	34	than	than	SCONJ
arjefm-1231	129	35	does	do	VERB
arjefm-1231	129	36	the	the	DET
arjefm-1231	129	37	use	use	NOUN
arjefm-1231	129	38	of	of	ADP
arjefm-1231	129	39	traditional	traditional	ADJ
arjefm-1231	129	40	measures	measure	NOUN
arjefm-1231	129	41	such	such	ADJ
arjefm-1231	129	42	as	as	ADP
arjefm-1231	129	43	current	current	ADJ
arjefm-1231	129	44	and	and	CCONJ
arjefm-1231	129	45	acid	acid	NOUN
arjefm-1231	129	46	-	-	PUNCT
arjefm-1231	129	47	test	test	NOUN
arjefm-1231	129	48	ratios	ratio	NOUN
arjefm-1231	129	49	.	.	PUNCT
arjefm-1231	130	1	weston	weston	PROPN
arjefm-1231	130	2	(	(	PUNCT
arjefm-1231	130	3	1979	1979	NUM
arjefm-1231	130	4	)	)	PUNCT
arjefm-1231	130	5	noted	note	VERB
arjefm-1231	130	6	that	that	SCONJ
arjefm-1231	130	7	the	the	DET
arjefm-1231	130	8	additional	additional	ADJ
arjefm-1231	130	9	liquidity	liquidity	NOUN
arjefm-1231	130	10	measures	measure	NOUN
arjefm-1231	130	11	recognize	recognize	VERB
arjefm-1231	130	12	that	that	SCONJ
arjefm-1231	130	13	life	life	NOUN
arjefm-1231	130	14	expectancies	expectancy	NOUN
arjefm-1231	130	15	of	of	ADP
arjefm-1231	130	16	some	some	DET
arjefm-1231	130	17	working	work	VERB
arjefm-1231	130	18	capital	capital	NOUN
arjefm-1231	130	19	components	component	NOUN
arjefm-1231	130	20	depend	depend	VERB
arjefm-1231	130	21	on	on	ADP
arjefm-1231	130	22	the	the	DET
arjefm-1231	130	23	extent	extent	NOUN
arjefm-1231	130	24	to	to	PART
arjefm-1231	130	25	which	which	PRON
arjefm-1231	130	26	production	production	NOUN
arjefm-1231	130	27	;	;	PUNCT
arjefm-1231	130	28	sales	sale	NOUN
arjefm-1231	130	29	and	and	CCONJ
arjefm-1231	130	30	collection	collection	NOUN
arjefm-1231	130	31	are	be	AUX
arjefm-1231	130	32	noninstantaneous	noninstantaneous	ADJ
arjefm-1231	130	33	and	and	CCONJ
arjefm-1231	130	34	unsynchronized	unsynchronized	ADJ
arjefm-1231	130	35	.	.	PUNCT
arjefm-1231	131	1	accounts	account	NOUN
arjefm-1231	131	2	receivable	receivable	ADJ
arjefm-1231	131	3	turnover	turnover	NOUN
arjefm-1231	131	4	indicates	indicate	VERB
arjefm-1231	131	5	the	the	DET
arjefm-1231	131	6	speed	speed	NOUN
arjefm-1231	131	7	with	with	ADP
arjefm-1231	131	8	which	which	PRON
arjefm-1231	131	9	firm	firm	ADJ
arjefm-1231	131	10	receivables	receivable	NOUN
arjefm-1231	131	11	are	be	AUX
arjefm-1231	131	12	converted	convert	VERB
arjefm-1231	131	13	to	to	ADP
arjefm-1231	131	14	cash	cash	NOUN
arjefm-1231	131	15	.	.	PUNCT
arjefm-1231	132	1	a	a	DET
arjefm-1231	132	2	change	change	NOUN
arjefm-1231	132	3	in	in	ADP
arjefm-1231	132	4	the	the	DET
arjefm-1231	132	5	credit	credit	NOUN
arjefm-1231	132	6	and	and	CCONJ
arjefm-1231	132	7	collection	collection	NOUN
arjefm-1231	132	8	policy	policy	NOUN
arjefm-1231	132	9	of	of	ADP
arjefm-1231	132	10	a	a	DET
arjefm-1231	132	11	firm	firm	NOUN
arjefm-1231	132	12	would	would	AUX
arjefm-1231	132	13	influence	influence	VERB
arjefm-1231	132	14	the	the	DET
arjefm-1231	132	15	outstanding	outstanding	ADJ
arjefm-1231	132	16	accounts	account	NOUN
arjefm-1231	132	17	receivable	receivable	ADJ
arjefm-1231	132	18	balance	balance	NOUN
arjefm-1231	132	19	maintained	maintain	VERB
arjefm-1231	132	20	relative	relative	ADJ
arjefm-1231	132	21	to	to	ADP
arjefm-1231	132	22	the	the	DET
arjefm-1231	132	23	firm	firm	NOUN
arjefm-1231	132	24	’s	’s	PART
arjefm-1231	132	25	annual	annual	ADJ
arjefm-1231	132	26	sales	sale	NOUN
arjefm-1231	132	27	.	.	PUNCT
arjefm-1231	133	1	where	where	SCONJ
arjefm-1231	133	2	firms	firm	NOUN
arjefm-1231	133	3	grant	grant	VERB
arjefm-1231	133	4	more	more	ADJ
arjefm-1231	133	5	liberal	liberal	ADJ
arjefm-1231	133	6	terms	term	NOUN
arjefm-1231	133	7	to	to	ADP
arjefm-1231	133	8	their	their	PRON
arjefm-1231	133	9	customers	customer	NOUN
arjefm-1231	133	10	,	,	PUNCT
arjefm-1231	133	11	larger	large	ADJ
arjefm-1231	133	12	and	and	CCONJ
arjefm-1231	133	13	potentially	potentially	ADV
arjefm-1231	133	14	less	less	ADV
arjefm-1231	133	15	liquid	liquid	ADJ
arjefm-1231	133	16	current	current	ADJ
arjefm-1231	133	17	investments	investment	NOUN
arjefm-1231	133	18	in	in	ADP
arjefm-1231	133	19	receivables	receivables	NOUN
arjefm-1231	133	20	arise	arise	NOUN
arjefm-1231	133	21	.	.	PUNCT
arjefm-1231	134	1	if	if	SCONJ
arjefm-1231	134	2	the	the	DET
arjefm-1231	134	3	sales	sale	NOUN
arjefm-1231	134	4	do	do	AUX
arjefm-1231	134	5	not	not	PART
arjefm-1231	134	6	increase	increase	VERB
arjefm-1231	134	7	relative	relative	ADJ
arjefm-1231	134	8	to	to	ADP
arjefm-1231	134	9	the	the	DET
arjefm-1231	134	10	increase	increase	NOUN
arjefm-1231	134	11	in	in	ADP
arjefm-1231	134	12	receivables	receivables	NOUN
arjefm-1231	134	13	then	then	ADV
arjefm-1231	134	14	liquidity	liquidity	NOUN
arjefm-1231	134	15	would	would	AUX
arjefm-1231	134	16	be	be	AUX
arjefm-1231	134	17	affected	affect	VERB
arjefm-1231	134	18	as	as	SCONJ
arjefm-1231	134	19	lower	low	ADJ
arjefm-1231	134	20	receivables	receivables	NOUN
arjefm-1231	134	21	turnover	turnover	NOUN
arjefm-1231	134	22	and	and	CCONJ
arjefm-1231	134	23	extended	extended	ADJ
arjefm-1231	134	24	collection	collection	NOUN
arjefm-1231	134	25	periods	period	NOUN
arjefm-1231	134	26	would	would	AUX
arjefm-1231	134	27	be	be	AUX
arjefm-1231	134	28	observed	observe	VERB
arjefm-1231	134	29	.	.	PUNCT
arjefm-1231	135	1	inventory	inventory	NOUN
arjefm-1231	135	2	turnover	turnover	NOUN
arjefm-1231	135	3	indicates	indicate	VERB
arjefm-1231	135	4	the	the	DET
arjefm-1231	135	5	frequency	frequency	NOUN
arjefm-1231	135	6	with	with	ADP
arjefm-1231	135	7	which	which	PRON
arjefm-1231	135	8	firms	firm	NOUN
arjefm-1231	135	9	convert	convert	VERB
arjefm-1231	135	10	their	their	PRON
arjefm-1231	135	11	stock	stock	NOUN
arjefm-1231	135	12	of	of	ADP
arjefm-1231	135	13	raw	raw	ADJ
arjefm-1231	135	14	materials	material	NOUN
arjefm-1231	135	15	,	,	PUNCT
arjefm-1231	135	16	work	work	NOUN
arjefm-1231	135	17	in	in	ADP
arjefm-1231	135	18	progress	progress	NOUN
arjefm-1231	135	19	,	,	PUNCT
arjefm-1231	135	20	and	and	CCONJ
arjefm-1231	135	21	finished	finish	VERB
arjefm-1231	135	22	goods	good	NOUN
arjefm-1231	135	23	into	into	ADP
arjefm-1231	135	24	product	product	NOUN
arjefm-1231	135	25	sales	sale	NOUN
arjefm-1231	135	26	.	.	PUNCT
arjefm-1231	136	1	purchasing	purchasing	NOUN
arjefm-1231	136	2	,	,	PUNCT
arjefm-1231	136	3	production	production	NOUN
arjefm-1231	136	4	scheduling	scheduling	NOUN
arjefm-1231	136	5	and	and	CCONJ
arjefm-1231	136	6	distribution	distribution	NOUN
arjefm-1231	136	7	strategies	strategy	NOUN
arjefm-1231	136	8	adopted	adopt	VERB
arjefm-1231	136	9	by	by	ADP
arjefm-1231	136	10	firms	firm	NOUN
arjefm-1231	136	11	require	require	VERB
arjefm-1231	136	12	more	more	ADJ
arjefm-1231	136	13	inventory	inventory	NOUN
arjefm-1231	136	14	commitments	commitment	NOUN
arjefm-1231	136	15	about	about	ADP
arjefm-1231	136	16	anticipated	anticipate	VERB
arjefm-1231	136	17	sales	sale	NOUN
arjefm-1231	136	18	.	.	PUNCT
arjefm-1231	137	1	this	this	PRON
arjefm-1231	137	2	produces	produce	VERB
arjefm-1231	137	3	a	a	DET
arjefm-1231	137	4	lower	low	ADJ
arjefm-1231	137	5	turnover	turnover	NOUN
arjefm-1231	137	6	ratio	ratio	NOUN
arjefm-1231	137	7	which	which	PRON
arjefm-1231	137	8	in	in	ADP
arjefm-1231	137	9	turn	turn	NOUN
arjefm-1231	137	10	reflects	reflect	VERB
arjefm-1231	137	11	a	a	DET
arjefm-1231	137	12	longer	long	ADV
arjefm-1231	137	13	and	and	CCONJ
arjefm-1231	137	14	potentially	potentially	ADV
arjefm-1231	137	15	less	less	ADV
arjefm-1231	137	16	liquid	liquid	ADJ
arjefm-1231	137	17	inventory	inventory	NOUN
arjefm-1231	137	18	holding	holding	NOUN
arjefm-1231	137	19	period	period	NOUN
arjefm-1231	137	20	.	.	PUNCT
arjefm-1231	138	1	if	if	SCONJ
arjefm-1231	138	2	firms	firm	NOUN
arjefm-1231	138	3	do	do	AUX
arjefm-1231	138	4	not	not	PART
arjefm-1231	138	5	alter	alter	VERB
arjefm-1231	138	6	the	the	DET
arjefm-1231	138	7	payment	payment	NOUN
arjefm-1231	138	8	practices	practice	NOUN
arjefm-1231	138	9	with	with	ADP
arjefm-1231	138	10	trade	trade	NOUN
arjefm-1231	138	11	creditors	creditor	NOUN
arjefm-1231	138	12	and	and	CCONJ
arjefm-1231	138	13	their	their	PRON
arjefm-1231	138	14	access	access	NOUN
arjefm-1231	138	15	to	to	ADP
arjefm-1231	138	16	shortterm	shortterm	PROPN
arjefm-1231	138	17	financing	financing	NOUN
arjefm-1231	138	18	,	,	PUNCT
arjefm-1231	138	19	decisions	decision	NOUN
arjefm-1231	138	20	creating	create	VERB
arjefm-1231	138	21	longer	long	ADJ
arjefm-1231	138	22	or	or	CCONJ
arjefm-1231	138	23	less	less	ADV
arjefm-1231	138	24	liquid	liquid	ADJ
arjefm-1231	138	25	holding	holding	NOUN
arjefm-1231	138	26	periods	period	NOUN
arjefm-1231	138	27	will	will	AUX
arjefm-1231	138	28	arise	arise	VERB
arjefm-1231	138	29	and	and	CCONJ
arjefm-1231	138	30	lead	lead	VERB
arjefm-1231	138	31	to	to	ADP
arjefm-1231	138	32	a	a	DET
arjefm-1231	138	33	higher	high	ADJ
arjefm-1231	138	34	current	current	ADJ
arjefm-1231	138	35	ratio	ratio	NOUN
arjefm-1231	138	36	.	.	PUNCT
arjefm-1231	139	1	a	a	DET
arjefm-1231	139	2	higher	high	ADJ
arjefm-1231	139	3	current	current	ADJ
arjefm-1231	139	4	ratio	ratio	NOUN
arjefm-1231	139	5	implies	imply	VERB
arjefm-1231	139	6	that	that	SCONJ
arjefm-1231	139	7	firms	firm	NOUN
arjefm-1231	139	8	have	have	AUX
arjefm-1231	139	9	accumulated	accumulate	VERB
arjefm-1231	139	10	current	current	ADJ
arjefm-1231	139	11	assets	asset	NOUN
arjefm-1231	139	12	such	such	ADJ
arjefm-1231	139	13	as	as	ADP
arjefm-1231	139	14	inventory	inventory	NOUN
arjefm-1231	139	15	that	that	PRON
arjefm-1231	139	16	lie	lie	VERB
arjefm-1231	139	17	idle	idle	ADJ
arjefm-1231	139	18	and	and	CCONJ
arjefm-1231	139	19	therefore	therefore	ADV
arjefm-1231	139	20	do	do	AUX
arjefm-1231	139	21	not	not	PART
arjefm-1231	139	22	generate	generate	VERB
arjefm-1231	139	23	profits	profit	NOUN
arjefm-1231	139	24	(	(	PUNCT
arjefm-1231	139	25	weston	weston	PROPN
arjefm-1231	139	26	1979	1979	NUM
arjefm-1231	139	27	)	)	PUNCT
arjefm-1231	139	28	.	.	PUNCT
arjefm-1231	140	1	it	it	PRON
arjefm-1231	140	2	is	be	AUX
arjefm-1231	140	3	further	far	ADV
arjefm-1231	140	4	argued	argue	VERB
arjefm-1231	140	5	that	that	SCONJ
arjefm-1231	140	6	the	the	DET
arjefm-1231	140	7	length	length	NOUN
arjefm-1231	140	8	of	of	ADP
arjefm-1231	140	9	the	the	DET
arjefm-1231	140	10	firm	firm	NOUN
arjefm-1231	140	11	's	's	PART
arjefm-1231	140	12	operating	operate	VERB
arjefm-1231	140	13	cycle	cycle	NOUN
arjefm-1231	140	14	is	be	AUX
arjefm-1231	140	15	based	base	VERB
arjefm-1231	140	16	on	on	ADP
arjefm-1231	140	17	the	the	DET
arjefm-1231	140	18	cumulative	cumulative	ADJ
arjefm-1231	140	19	days	day	NOUN
arjefm-1231	140	20	per	per	ADP
arjefm-1231	140	21	turnover	turnover	NOUN
arjefm-1231	140	22	for	for	ADP
arjefm-1231	140	23	receivables	receivables	NOUN
arjefm-1231	140	24	and	and	CCONJ
arjefm-1231	140	25	inventory	inventory	NOUN
arjefm-1231	140	26	investments	investment	NOUN
arjefm-1231	140	27	.	.	PUNCT
arjefm-1231	141	1	incorporating	incorporate	VERB
arjefm-1231	141	2	the	the	DET
arjefm-1231	141	3	two	two	NUM
arjefm-1231	141	4	measures	measure	NOUN
arjefm-1231	141	5	of	of	ADP
arjefm-1231	141	6	working	work	VERB
arjefm-1231	141	7	capital	capital	NOUN
arjefm-1231	141	8	measures	measure	NOUN
arjefm-1231	141	9	provides	provide	VERB
arjefm-1231	141	10	an	an	DET
arjefm-1231	141	11	arguably	arguably	ADV
arjefm-1231	141	12	realistic	realistic	ADJ
arjefm-1231	141	13	approach	approach	NOUN
arjefm-1231	141	14	to	to	ADP
arjefm-1231	141	15	a	a	DET
arjefm-1231	141	16	firm	firm	NOUN
arjefm-1231	141	17	’s	’s	PART
arjefm-1231	141	18	liquidity	liquidity	NOUN
arjefm-1231	141	19	position	position	NOUN
arjefm-1231	141	20	.	.	PUNCT
arjefm-1231	142	1	however	however	ADV
arjefm-1231	142	2	,	,	PUNCT
arjefm-1231	142	3	the	the	DET
arjefm-1231	142	4	operating	operate	VERB
arjefm-1231	142	5	cycle	cycle	NOUN
arjefm-1231	142	6	concept	concept	NOUN
arjefm-1231	142	7	fails	fail	VERB
arjefm-1231	142	8	as	as	ADP
arjefm-1231	142	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	142	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	142	11	american	american	PROPN
arjefm-1231	142	12	research	research	PROPN
arjefm-1231	142	13	journal	journal	PROPN
arjefm-1231	142	14	of	of	ADP
arjefm-1231	142	15	economics	economic	NOUN
arjefm-1231	142	16	,	,	PUNCT
arjefm-1231	142	17	finance	finance	NOUN
arjefm-1231	142	18	and	and	CCONJ
arjefm-1231	142	19	management	management	NOUN
arjefm-1231	142	20	volume	volume	NOUN
arjefm-1231	142	21	13	13	NUM
arjefm-1231	142	22	issue	issue	NOUN
arjefm-1231	142	23	3	3	NUM
arjefm-1231	142	24	,	,	PUNCT
arjefm-1231	142	25	july	july	PROPN
arjefm-1231	142	26	-	-	PUNCT
arjefm-1231	142	27	september	september	PROPN
arjefm-1231	142	28	2025	2025	NUM
arjefm-1231	142	29	issn	issn	NOUN
arjefm-1231	142	30	:	:	PUNCT
arjefm-1231	142	31	2836	2836	NUM
arjefm-1231	142	32	-	-	SYM
arjefm-1231	142	33	9416	9416	NUM
arjefm-1231	142	34	impact	impact	NOUN
arjefm-1231	142	35	factor	factor	NOUN
arjefm-1231	142	36	:	:	PUNCT
arjefm-1231	142	37	6.41	6.41	NUM
arjefm-1231	142	38	journal	journal	NOUN
arjefm-1231	142	39	homepage	homepage	NOUN
arjefm-1231	142	40	:	:	PUNCT
arjefm-1231	142	41	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	142	42	email	email	NOUN
arjefm-1231	142	43	:	:	PUNCT
arjefm-1231	142	44	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	142	45	official	official	ADJ
arjefm-1231	142	46	journal	journal	PROPN
arjefm-1231	142	47	of	of	ADP
arjefm-1231	142	48	america	america	PROPN
arjefm-1231	142	49	serial	serial	PROPN
arjefm-1231	142	50	publication	publication	NOUN
arjefm-1231	142	51	american	american	PROPN
arjefm-1231	142	52	research	research	PROPN
arjefm-1231	142	53	journal	journal	PROPN
arjefm-1231	142	54	of	of	ADP
arjefm-1231	142	55	economics	economic	NOUN
arjefm-1231	142	56	,	,	PUNCT
arjefm-1231	142	57	finance	finance	NOUN
arjefm-1231	142	58	and	and	CCONJ
arjefm-1231	142	59	management	management	NOUN
arjefm-1231	142	60	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	142	61	,	,	PUNCT
arjefm-1231	142	62	email	email	NOUN
arjefm-1231	142	63	:	:	PUNCT
arjefm-1231	142	64	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	143	1	45	45	NUM
arjefm-1231	144	1	|	|	ADV
arjefm-1231	144	2	p	p	NOUN
arjefm-1231	144	3	a	a	DET
arjefm-1231	144	4	g	g	NOUN
arjefm-1231	144	5	e	e	NOUN
arjefm-1231	144	6	a	a	DET
arjefm-1231	144	7	cash	cash	NOUN
arjefm-1231	144	8	flow	flow	NOUN
arjefm-1231	144	9	measure	measure	NOUN
arjefm-1231	144	10	since	since	SCONJ
arjefm-1231	144	11	it	it	PRON
arjefm-1231	144	12	does	do	AUX
arjefm-1231	144	13	n’t	not	PART
arjefm-1231	144	14	consider	consider	VERB
arjefm-1231	144	15	the	the	DET
arjefm-1231	144	16	liquidity	liquidity	NOUN
arjefm-1231	144	17	requirements	requirement	NOUN
arjefm-1231	144	18	imposed	impose	VERB
arjefm-1231	144	19	on	on	ADP
arjefm-1231	144	20	a	a	DET
arjefm-1231	144	21	firm	firm	NOUN
arjefm-1231	144	22	by	by	ADP
arjefm-1231	144	23	the	the	DET
arjefm-1231	144	24	dimension	dimension	NOUN
arjefm-1231	144	25	of	of	ADP
arjefm-1231	144	26	its	its	PRON
arjefm-1231	144	27	current	current	ADJ
arjefm-1231	144	28	liability	liability	NOUN
arjefm-1231	144	29	commitments	commitment	NOUN
arjefm-1231	144	30	.	.	PUNCT
arjefm-1231	145	1	option	option	NOUN
arjefm-1231	145	2	pricing	pricing	NOUN
arjefm-1231	145	3	theory	theory	NOUN
arjefm-1231	145	4	the	the	DET
arjefm-1231	145	5	capital	capital	NOUN
arjefm-1231	145	6	asset	asset	NOUN
arjefm-1231	145	7	pricing	pricing	NOUN
arjefm-1231	145	8	model	model	NOUN
arjefm-1231	145	9	provides	provide	VERB
arjefm-1231	145	10	a	a	DET
arjefm-1231	145	11	positive	positive	ADJ
arjefm-1231	145	12	theory	theory	NOUN
arjefm-1231	145	13	for	for	ADP
arjefm-1231	145	14	the	the	DET
arjefm-1231	145	15	determination	determination	NOUN
arjefm-1231	145	16	of	of	ADP
arjefm-1231	145	17	expected	expect	VERB
arjefm-1231	145	18	returns	return	NOUN
arjefm-1231	145	19	and	and	CCONJ
arjefm-1231	145	20	thus	thus	ADV
arjefm-1231	145	21	links	link	NOUN
arjefm-1231	145	22	today	today	NOUN
arjefm-1231	145	23	’s	’s	PART
arjefm-1231	145	24	asset	asset	NOUN
arjefm-1231	145	25	price	price	NOUN
arjefm-1231	145	26	with	with	ADP
arjefm-1231	145	27	expected	expect	VERB
arjefm-1231	145	28	future	future	ADJ
arjefm-1231	145	29	payoffs	payoff	NOUN
arjefm-1231	145	30	.	.	PUNCT
arjefm-1231	146	1	in	in	ADP
arjefm-1231	146	2	addition	addition	NOUN
arjefm-1231	146	3	,	,	PUNCT
arjefm-1231	146	4	many	many	ADJ
arjefm-1231	146	5	important	important	ADJ
arjefm-1231	146	6	corporate	corporate	ADJ
arjefm-1231	146	7	policy	policy	NOUN
arjefm-1231	146	8	problems	problem	NOUN
arjefm-1231	146	9	require	require	VERB
arjefm-1231	146	10	knowledge	knowledge	NOUN
arjefm-1231	146	11	of	of	ADP
arjefm-1231	146	12	the	the	DET
arjefm-1231	146	13	valuation	valuation	NOUN
arjefm-1231	146	14	of	of	ADP
arjefm-1231	146	15	assets	asset	NOUN
arjefm-1231	146	16	which	which	PRON
arjefm-1231	146	17	,	,	PUNCT
arjefm-1231	146	18	like	like	ADP
arjefm-1231	146	19	call	call	NOUN
arjefm-1231	146	20	options	option	NOUN
arjefm-1231	146	21	,	,	PUNCT
arjefm-1231	146	22	have	have	VERB
arjefm-1231	146	23	payoffs	payoff	NOUN
arjefm-1231	146	24	that	that	PRON
arjefm-1231	146	25	are	be	AUX
arjefm-1231	146	26	contingent	contingent	ADJ
arjefm-1231	146	27	on	on	ADP
arjefm-1231	146	28	the	the	DET
arjefm-1231	146	29	value	value	NOUN
arjefm-1231	146	30	of	of	ADP
arjefm-1231	146	31	another	another	DET
arjefm-1231	146	32	asset	asset	NOUN
arjefm-1231	146	33	.	.	PUNCT
arjefm-1231	147	1	black	black	ADJ
arjefm-1231	147	2	/	/	SYM
arjefm-1231	147	3	scholes	schole	NOUN
arjefm-1231	147	4	(	(	PUNCT
arjefm-1231	147	5	1973	1973	NUM
arjefm-1231	147	6	)	)	PUNCT
arjefm-1231	147	7	provides	provide	VERB
arjefm-1231	147	8	a	a	DET
arjefm-1231	147	9	key	key	NOUN
arjefm-1231	147	10	to	to	ADP
arjefm-1231	147	11	this	this	DET
arjefm-1231	147	12	problem	problem	NOUN
arjefm-1231	147	13	in	in	ADP
arjefm-1231	147	14	their	their	PRON
arjefm-1231	147	15	solution	solution	NOUN
arjefm-1231	147	16	to	to	ADP
arjefm-1231	147	17	the	the	DET
arjefm-1231	147	18	call	call	NOUN
arjefm-1231	147	19	option	option	NOUN
arjefm-1231	147	20	valuation	valuation	NOUN
arjefm-1231	147	21	problem	problem	NOUN
arjefm-1231	147	22	.	.	PUNCT
arjefm-1231	148	1	an	an	DET
arjefm-1231	148	2	american	american	ADJ
arjefm-1231	148	3	call	call	NOUN
arjefm-1231	148	4	option	option	NOUN
arjefm-1231	148	5	gives	give	VERB
arjefm-1231	148	6	the	the	DET
arjefm-1231	148	7	holder	holder	NOUN
arjefm-1231	148	8	the	the	DET
arjefm-1231	148	9	right	right	NOUN
arjefm-1231	148	10	to	to	PART
arjefm-1231	148	11	buy	buy	VERB
arjefm-1231	148	12	a	a	DET
arjefm-1231	148	13	stock	stock	NOUN
arjefm-1231	148	14	at	at	ADP
arjefm-1231	148	15	a	a	DET
arjefm-1231	148	16	specific	specific	ADJ
arjefm-1231	148	17	exercise	exercise	NOUN
arjefm-1231	148	18	price	price	NOUN
arjefm-1231	148	19	at	at	ADP
arjefm-1231	148	20	any	any	DET
arjefm-1231	148	21	time	time	NOUN
arjefm-1231	148	22	before	before	ADP
arjefm-1231	148	23	a	a	DET
arjefm-1231	148	24	specified	specify	VERB
arjefm-1231	148	25	exercise	exercise	NOUN
arjefm-1231	148	26	date	date	NOUN
arjefm-1231	148	27	.	.	PUNCT
arjefm-1231	149	1	they	they	PRON
arjefm-1231	149	2	note	note	VERB
arjefm-1231	149	3	that	that	SCONJ
arjefm-1231	149	4	a	a	DET
arjefm-1231	149	5	risk	risk	NOUN
arjefm-1231	149	6	-	-	PUNCT
arjefm-1231	149	7	free	free	ADJ
arjefm-1231	149	8	position	position	NOUN
arjefm-1231	149	9	can	can	AUX
arjefm-1231	149	10	be	be	AUX
arjefm-1231	149	11	maintained	maintain	VERB
arjefm-1231	149	12	by	by	ADP
arjefm-1231	149	13	a	a	DET
arjefm-1231	149	14	hedge	hedge	NOUN
arjefm-1231	149	15	between	between	ADP
arjefm-1231	149	16	an	an	DET
arjefm-1231	149	17	option	option	NOUN
arjefm-1231	149	18	and	and	CCONJ
arjefm-1231	149	19	its	its	PRON
arjefm-1231	149	20	stock	stock	NOUN
arjefm-1231	149	21	when	when	SCONJ
arjefm-1231	149	22	the	the	DET
arjefm-1231	149	23	hedge	hedge	NOUN
arjefm-1231	149	24	can	can	AUX
arjefm-1231	149	25	be	be	AUX
arjefm-1231	149	26	adjusted	adjust	VERB
arjefm-1231	149	27	continuously	continuously	ADV
arjefm-1231	149	28	through	through	ADP
arjefm-1231	149	29	time	time	NOUN
arjefm-1231	149	30	.	.	PUNCT
arjefm-1231	150	1	to	to	PART
arjefm-1231	150	2	avoid	avoid	VERB
arjefm-1231	150	3	opportunities	opportunity	NOUN
arjefm-1231	150	4	for	for	ADP
arjefm-1231	150	5	riskless	riskless	NOUN
arjefm-1231	150	6	arbitrage	arbitrage	NOUN
arjefm-1231	150	7	profits	profit	NOUN
arjefm-1231	150	8	,	,	PUNCT
arjefm-1231	150	9	the	the	DET
arjefm-1231	150	10	return	return	NOUN
arjefm-1231	150	11	to	to	ADP
arjefm-1231	150	12	the	the	DET
arjefm-1231	150	13	hedge	hedge	NOUN
arjefm-1231	150	14	must	must	AUX
arjefm-1231	150	15	equal	equal	VERB
arjefm-1231	150	16	the	the	DET
arjefm-1231	150	17	market	market	NOUN
arjefm-1231	150	18	risk	risk	NOUN
arjefm-1231	150	19	-	-	PUNCT
arjefm-1231	150	20	free	free	ADJ
arjefm-1231	150	21	rate	rate	NOUN
arjefm-1231	150	22	;	;	PUNCT
arjefm-1231	150	23	this	this	DET
arjefm-1231	150	24	condition	condition	NOUN
arjefm-1231	150	25	yields	yield	VERB
arjefm-1231	150	26	an	an	DET
arjefm-1231	150	27	expression	expression	NOUN
arjefm-1231	150	28	for	for	ADP
arjefm-1231	150	29	the	the	DET
arjefm-1231	150	30	equilibrium	equilibrium	NOUN
arjefm-1231	150	31	call	call	NOUN
arjefm-1231	150	32	price	price	NOUN
arjefm-1231	150	33	.	.	PUNCT
arjefm-1231	151	1	black	black	ADJ
arjefm-1231	151	2	/	/	SYM
arjefm-1231	151	3	scholes	schole	NOUN
arjefm-1231	151	4	note	note	VERB
arjefm-1231	151	5	that	that	SCONJ
arjefm-1231	151	6	if	if	SCONJ
arjefm-1231	151	7	the	the	DET
arjefm-1231	151	8	firm	firm	NOUN
arjefm-1231	151	9	’s	’s	PART
arjefm-1231	151	10	cash	cash	NOUN
arjefm-1231	151	11	flow	flow	NOUN
arjefm-1231	151	12	distribution	distribution	NOUN
arjefm-1231	151	13	is	be	AUX
arjefm-1231	151	14	fixed	fix	VERB
arjefm-1231	151	15	,	,	PUNCT
arjefm-1231	151	16	the	the	DET
arjefm-1231	151	17	option	option	NOUN
arjefm-1231	151	18	pricing	pricing	NOUN
arjefm-1231	151	19	analysis	analysis	NOUN
arjefm-1231	151	20	can	can	AUX
arjefm-1231	151	21	be	be	AUX
arjefm-1231	151	22	used	use	VERB
arjefm-1231	151	23	to	to	PART
arjefm-1231	151	24	value	value	VERB
arjefm-1231	151	25	other	other	ADJ
arjefm-1231	151	26	contingent	contingent	NOUN
arjefm-1231	151	27	claims	claim	NOUN
arjefm-1231	151	28	such	such	ADJ
arjefm-1231	151	29	as	as	ADP
arjefm-1231	151	30	the	the	DET
arjefm-1231	151	31	equity	equity	NOUN
arjefm-1231	151	32	and	and	CCONJ
arjefm-1231	151	33	debt	debt	NOUN
arjefm-1231	151	34	of	of	ADP
arjefm-1231	151	35	a	a	DET
arjefm-1231	151	36	levered	lever	VERB
arjefm-1231	151	37	firm	firm	NOUN
arjefm-1231	151	38	.	.	PUNCT
arjefm-1231	152	1	in	in	ADP
arjefm-1231	152	2	this	this	DET
arjefm-1231	152	3	view	view	NOUN
arjefm-1231	152	4	,	,	PUNCT
arjefm-1231	152	5	the	the	DET
arjefm-1231	152	6	equity	equity	NOUN
arjefm-1231	152	7	of	of	ADP
arjefm-1231	152	8	a	a	DET
arjefm-1231	152	9	levered	lever	VERB
arjefm-1231	152	10	firm	firm	NOUN
arjefm-1231	152	11	is	be	AUX
arjefm-1231	152	12	a	a	DET
arjefm-1231	152	13	call	call	NOUN
arjefm-1231	152	14	option	option	NOUN
arjefm-1231	152	15	on	on	ADP
arjefm-1231	152	16	the	the	DET
arjefm-1231	152	17	total	total	ADJ
arjefm-1231	152	18	value	value	NOUN
arjefm-1231	152	19	of	of	ADP
arjefm-1231	152	20	the	the	DET
arjefm-1231	152	21	firm	firm	NOUN
arjefm-1231	152	22	’s	’s	PART
arjefm-1231	152	23	assets	asset	NOUN
arjefm-1231	152	24	with	with	ADP
arjefm-1231	152	25	an	an	DET
arjefm-1231	152	26	exercise	exercise	NOUN
arjefm-1231	152	27	price	price	NOUN
arjefm-1231	152	28	equal	equal	ADJ
arjefm-1231	152	29	to	to	ADP
arjefm-1231	152	30	the	the	DET
arjefm-1231	152	31	face	face	NOUN
arjefm-1231	152	32	value	value	NOUN
arjefm-1231	152	33	of	of	ADP
arjefm-1231	152	34	the	the	DET
arjefm-1231	152	35	debt	debt	NOUN
arjefm-1231	152	36	and	and	CCONJ
arjefm-1231	152	37	an	an	DET
arjefm-1231	152	38	expiration	expiration	NOUN
arjefm-1231	152	39	date	date	NOUN
arjefm-1231	152	40	equal	equal	ADJ
arjefm-1231	152	41	to	to	ADP
arjefm-1231	152	42	the	the	DET
arjefm-1231	152	43	maturity	maturity	NOUN
arjefm-1231	152	44	date	date	NOUN
arjefm-1231	152	45	of	of	ADP
arjefm-1231	152	46	the	the	DET
arjefm-1231	152	47	debt	debt	NOUN
arjefm-1231	152	48	.	.	PUNCT
arjefm-1231	153	1	the	the	DET
arjefm-1231	153	2	black	black	ADJ
arjefm-1231	153	3	/	/	SYM
arjefm-1231	153	4	scholes	schole	NOUN
arjefm-1231	153	5	analysis	analysis	NOUN
arjefm-1231	153	6	yields	yield	NOUN
arjefm-1231	153	7	a	a	DET
arjefm-1231	153	8	valuation	valuation	NOUN
arjefm-1231	153	9	model	model	NOUN
arjefm-1231	153	10	for	for	ADP
arjefm-1231	153	11	the	the	DET
arjefm-1231	153	12	firm	firm	NOUN
arjefm-1231	153	13	’s	’s	PART
arjefm-1231	153	14	equity	equity	NOUN
arjefm-1231	153	15	and	and	CCONJ
arjefm-1231	153	16	debt	debt	NOUN
arjefm-1231	153	17	.	.	PUNCT
arjefm-1231	154	1	an	an	DET
arjefm-1231	154	2	increase	increase	NOUN
arjefm-1231	154	3	in	in	ADP
arjefm-1231	154	4	the	the	DET
arjefm-1231	154	5	value	value	NOUN
arjefm-1231	154	6	of	of	ADP
arjefm-1231	154	7	the	the	DET
arjefm-1231	154	8	firm	firm	NOUN
arjefm-1231	154	9	’s	’s	PART
arjefm-1231	154	10	assets	asset	NOUN
arjefm-1231	154	11	increases	increase	VERB
arjefm-1231	154	12	the	the	DET
arjefm-1231	154	13	expected	expect	VERB
arjefm-1231	154	14	payoffs	payoff	NOUN
arjefm-1231	154	15	to	to	ADP
arjefm-1231	154	16	the	the	DET
arjefm-1231	154	17	equity	equity	NOUN
arjefm-1231	154	18	and	and	CCONJ
arjefm-1231	154	19	increases	increase	VERB
arjefm-1231	154	20	the	the	DET
arjefm-1231	154	21	coverage	coverage	NOUN
arjefm-1231	154	22	on	on	ADP
arjefm-1231	154	23	the	the	DET
arjefm-1231	154	24	debt	debt	NOUN
arjefm-1231	154	25	,	,	PUNCT
arjefm-1231	154	26	increasing	increase	VERB
arjefm-1231	154	27	the	the	DET
arjefm-1231	154	28	current	current	ADJ
arjefm-1231	154	29	value	value	NOUN
arjefm-1231	154	30	of	of	ADP
arjefm-1231	154	31	both	both	PRON
arjefm-1231	154	32	.	.	PUNCT
arjefm-1231	155	1	an	an	DET
arjefm-1231	155	2	increase	increase	NOUN
arjefm-1231	155	3	in	in	ADP
arjefm-1231	155	4	the	the	DET
arjefm-1231	155	5	face	face	NOUN
arjefm-1231	155	6	value	value	NOUN
arjefm-1231	155	7	of	of	ADP
arjefm-1231	155	8	the	the	DET
arjefm-1231	155	9	debt	debt	NOUN
arjefm-1231	155	10	increases	increase	VERB
arjefm-1231	155	11	the	the	DET
arjefm-1231	155	12	debtholder	debtholder	NOUN
arjefm-1231	155	13	’s	’s	PART
arjefm-1231	155	14	claim	claim	NOUN
arjefm-1231	155	15	on	on	ADP
arjefm-1231	155	16	the	the	DET
arjefm-1231	155	17	firm	firm	NOUN
arjefm-1231	155	18	’s	’s	PART
arjefm-1231	155	19	assets	asset	NOUN
arjefm-1231	155	20	,	,	PUNCT
arjefm-1231	155	21	thus	thus	ADV
arjefm-1231	155	22	increasing	increase	VERB
arjefm-1231	155	23	the	the	DET
arjefm-1231	155	24	value	value	NOUN
arjefm-1231	155	25	of	of	ADP
arjefm-1231	155	26	the	the	DET
arjefm-1231	155	27	debt	debt	NOUN
arjefm-1231	155	28	,	,	PUNCT
arjefm-1231	155	29	and	and	CCONJ
arjefm-1231	155	30	since	since	SCONJ
arjefm-1231	155	31	the	the	DET
arjefm-1231	155	32	stockholders	stockholder	NOUN
arjefm-1231	155	33	are	be	AUX
arjefm-1231	155	34	residual	residual	ADJ
arjefm-1231	155	35	claimants	claimant	NOUN
arjefm-1231	155	36	,	,	PUNCT
arjefm-1231	155	37	reduces	reduce	VERB
arjefm-1231	155	38	the	the	DET
arjefm-1231	155	39	current	current	ADJ
arjefm-1231	155	40	value	value	NOUN
arjefm-1231	155	41	of	of	ADP
arjefm-1231	155	42	the	the	DET
arjefm-1231	155	43	equity	equity	NOUN
arjefm-1231	155	44	;	;	PUNCT
arjefm-1231	155	45	an	an	DET
arjefm-1231	155	46	increase	increase	NOUN
arjefm-1231	155	47	in	in	ADP
arjefm-1231	155	48	the	the	DET
arjefm-1231	155	49	time	time	NOUN
arjefm-1231	155	50	to	to	ADP
arjefm-1231	155	51	repayment	repayment	NOUN
arjefm-1231	155	52	of	of	ADP
arjefm-1231	155	53	the	the	DET
arjefm-1231	155	54	debt	debt	NOUN
arjefm-1231	155	55	or	or	CCONJ
arjefm-1231	155	56	in	in	ADP
arjefm-1231	155	57	the	the	DET
arjefm-1231	155	58	riskless	riskless	NOUN
arjefm-1231	155	59	rate	rate	NOUN
arjefm-1231	155	60	lowers	lower	VERB
arjefm-1231	155	61	the	the	DET
arjefm-1231	155	62	present	present	ADJ
arjefm-1231	155	63	value	value	NOUN
arjefm-1231	155	64	of	of	ADP
arjefm-1231	155	65	the	the	DET
arjefm-1231	155	66	debt	debt	NOUN
arjefm-1231	155	67	and	and	CCONJ
arjefm-1231	155	68	increases	increase	VERB
arjefm-1231	155	69	the	the	DET
arjefm-1231	155	70	market	market	NOUN
arjefm-1231	155	71	value	value	NOUN
arjefm-1231	155	72	of	of	ADP
arjefm-1231	155	73	the	the	DET
arjefm-1231	155	74	equity	equity	NOUN
arjefm-1231	155	75	.	.	PUNCT
arjefm-1231	156	1	an	an	DET
arjefm-1231	156	2	increase	increase	NOUN
arjefm-1231	156	3	in	in	ADP
arjefm-1231	156	4	the	the	DET
arjefm-1231	156	5	variance	variance	NOUN
arjefm-1231	156	6	rate	rate	NOUN
arjefm-1231	156	7	or	or	CCONJ
arjefm-1231	156	8	in	in	ADP
arjefm-1231	156	9	the	the	DET
arjefm-1231	156	10	time	time	NOUN
arjefm-1231	156	11	to	to	ADP
arjefm-1231	156	12	maturity	maturity	NOUN
arjefm-1231	156	13	increases	increase	VERB
arjefm-1231	156	14	the	the	DET
arjefm-1231	156	15	dispersion	dispersion	NOUN
arjefm-1231	156	16	of	of	ADP
arjefm-1231	156	17	possible	possible	ADJ
arjefm-1231	156	18	values	value	NOUN
arjefm-1231	156	19	of	of	ADP
arjefm-1231	156	20	the	the	DET
arjefm-1231	156	21	firm	firm	NOUN
arjefm-1231	156	22	at	at	ADP
arjefm-1231	156	23	the	the	DET
arjefm-1231	156	24	maturity	maturity	NOUN
arjefm-1231	156	25	date	date	NOUN
arjefm-1231	156	26	of	of	ADP
arjefm-1231	156	27	the	the	DET
arjefm-1231	156	28	debt	debt	NOUN
arjefm-1231	156	29	.	.	PUNCT
arjefm-1231	157	1	since	since	SCONJ
arjefm-1231	157	2	the	the	DET
arjefm-1231	157	3	debt	debt	NOUN
arjefm-1231	157	4	holders	holder	NOUN
arjefm-1231	157	5	have	have	VERB
arjefm-1231	157	6	the	the	DET
arjefm-1231	157	7	maximum	maximum	ADJ
arjefm-1231	157	8	payment	payment	NOUN
arjefm-1231	157	9	that	that	SCONJ
arjefm-1231	157	10	they	they	PRON
arjefm-1231	157	11	can	can	AUX
arjefm-1231	157	12	receive	receive	VERB
arjefm-1231	157	13	,	,	PUNCT
arjefm-1231	157	14	an	an	DET
arjefm-1231	157	15	increase	increase	NOUN
arjefm-1231	157	16	in	in	ADP
arjefm-1231	157	17	dispersion	dispersion	NOUN
arjefm-1231	157	18	increases	increase	VERB
arjefm-1231	157	19	the	the	DET
arjefm-1231	157	20	probability	probability	NOUN
arjefm-1231	157	21	of	of	ADP
arjefm-1231	157	22	default	default	NOUN
arjefm-1231	157	23	,	,	PUNCT
arjefm-1231	157	24	lowering	lower	VERB
arjefm-1231	157	25	the	the	DET
arjefm-1231	157	26	value	value	NOUN
arjefm-1231	157	27	of	of	ADP
arjefm-1231	157	28	the	the	DET
arjefm-1231	157	29	debt	debt	NOUN
arjefm-1231	157	30	and	and	CCONJ
arjefm-1231	157	31	increasing	increase	VERB
arjefm-1231	157	32	the	the	DET
arjefm-1231	157	33	value	value	NOUN
arjefm-1231	157	34	of	of	ADP
arjefm-1231	157	35	the	the	DET
arjefm-1231	157	36	equity	equity	NOUN
arjefm-1231	157	37	(	(	PUNCT
arjefm-1231	157	38	jensen	jensen	PROPN
arjefm-1231	157	39	and	and	CCONJ
arjefm-1231	157	40	smith	smith	PROPN
arjefm-1231	157	41	,	,	PUNCT
arjefm-1231	157	42	2001	2001	NUM
arjefm-1231	157	43	)	)	PUNCT
arjefm-1231	157	44	.	.	PUNCT
arjefm-1231	158	1	empirical	empirical	ADJ
arjefm-1231	158	2	review	review	NOUN
arjefm-1231	158	3	pool	pool	NOUN
arjefm-1231	158	4	,	,	PUNCT
arjefm-1231	158	5	de	de	X
arjefm-1231	158	6	haan	haan	PROPN
arjefm-1231	158	7	,	,	PUNCT
arjefm-1231	158	8	and	and	CCONJ
arjefm-1231	158	9	jacobs	jacobs	PROPN
arjefm-1231	158	10	(	(	PUNCT
arjefm-1231	158	11	2015	2015	NUM
arjefm-1231	158	12	)	)	PUNCT
arjefm-1231	158	13	examined	examine	VERB
arjefm-1231	158	14	loan	loan	NOUN
arjefm-1231	158	15	loss	loss	NOUN
arjefm-1231	158	16	provisioning	provisioning	NOUN
arjefm-1231	158	17	,	,	PUNCT
arjefm-1231	158	18	bank	bank	NOUN
arjefm-1231	158	19	credit	credit	NOUN
arjefm-1231	158	20	,	,	PUNCT
arjefm-1231	158	21	and	and	CCONJ
arjefm-1231	158	22	the	the	DET
arjefm-1231	158	23	real	real	ADJ
arjefm-1231	158	24	economy	economy	NOUN
arjefm-1231	158	25	on	on	ADP
arjefm-1231	158	26	how	how	SCONJ
arjefm-1231	158	27	credit	credit	NOUN
arjefm-1231	158	28	risk	risk	NOUN
arjefm-1231	158	29	affects	affect	VERB
arjefm-1231	158	30	bank	bank	NOUN
arjefm-1231	158	31	lending	lending	NOUN
arjefm-1231	158	32	and	and	CCONJ
arjefm-1231	158	33	the	the	DET
arjefm-1231	158	34	business	business	NOUN
arjefm-1231	158	35	cycle	cycle	NOUN
arjefm-1231	158	36	.	.	PUNCT
arjefm-1231	159	1	we	we	PRON
arjefm-1231	159	2	estimate	estimate	VERB
arjefm-1231	159	3	a	a	DET
arjefm-1231	159	4	panel	panel	NOUN
arjefm-1231	159	5	vector	vector	NOUN
arjefm-1231	159	6	autoregression	autoregression	NOUN
arjefm-1231	159	7	model	model	NOUN
arjefm-1231	159	8	for	for	ADP
arjefm-1231	159	9	an	an	DET
arjefm-1231	159	10	unbalanced	unbalanced	ADJ
arjefm-1231	159	11	sample	sample	NOUN
arjefm-1231	159	12	of	of	ADP
arjefm-1231	159	13	12	12	NUM
arjefm-1231	159	14	oecd	oecd	PROPN
arjefm-1231	159	15	countries	country	NOUN
arjefm-1231	159	16	over	over	ADP
arjefm-1231	159	17	the	the	DET
arjefm-1231	159	18	past	past	ADJ
arjefm-1231	159	19	two	two	NUM
arjefm-1231	159	20	to	to	PART
arjefm-1231	159	21	three	three	NUM
arjefm-1231	159	22	decades	decade	NOUN
arjefm-1231	159	23	,	,	PUNCT
arjefm-1231	159	24	consisting	consist	VERB
arjefm-1231	159	25	of	of	ADP
arjefm-1231	159	26	the	the	DET
arjefm-1231	159	27	output	output	NOUN
arjefm-1231	159	28	gap	gap	NOUN
arjefm-1231	159	29	,	,	PUNCT
arjefm-1231	159	30	inflation	inflation	NOUN
arjefm-1231	159	31	,	,	PUNCT
arjefm-1231	159	32	the	the	DET
arjefm-1231	159	33	short	short	ADJ
arjefm-1231	159	34	-	-	PUNCT
arjefm-1231	159	35	term	term	NOUN
arjefm-1231	159	36	interest	interest	NOUN
arjefm-1231	159	37	rate	rate	NOUN
arjefm-1231	159	38	,	,	PUNCT
arjefm-1231	159	39	bank	bank	NOUN
arjefm-1231	159	40	lending	lending	NOUN
arjefm-1231	159	41	,	,	PUNCT
arjefm-1231	159	42	as	as	ADV
arjefm-1231	159	43	well	well	ADV
arjefm-1231	159	44	as	as	ADP
arjefm-1231	159	45	loan	loan	NOUN
arjefm-1231	159	46	loss	loss	NOUN
arjefm-1231	159	47	provisioning	provisioning	NOUN
arjefm-1231	159	48	by	by	ADP
arjefm-1231	159	49	banks	bank	NOUN
arjefm-1231	159	50	(	(	PUNCT
arjefm-1231	159	51	as	as	ADP
arjefm-1231	159	52	a	a	DET
arjefm-1231	159	53	proxy	proxy	NOUN
arjefm-1231	159	54	for	for	ADP
arjefm-1231	159	55	credit	credit	NOUN
arjefm-1231	159	56	risk	risk	NOUN
arjefm-1231	159	57	)	)	PUNCT
arjefm-1231	159	58	.	.	PUNCT
arjefm-1231	160	1	our	our	PRON
arjefm-1231	160	2	main	main	ADJ
arjefm-1231	160	3	findings	finding	NOUN
arjefm-1231	160	4	are	be	AUX
arjefm-1231	160	5	that	that	PRON
arjefm-1231	160	6	:	:	PUNCT
arjefm-1231	160	7	(	(	PUNCT
arjefm-1231	160	8	i	i	NOUN
arjefm-1231	160	9	)	)	PUNCT
arjefm-1231	160	10	bank	bank	NOUN
arjefm-1231	160	11	lending	lending	NOUN
arjefm-1231	160	12	and	and	CCONJ
arjefm-1231	160	13	loan	loan	NOUN
arjefm-1231	160	14	loss	loss	NOUN
arjefm-1231	160	15	provisioning	provisioning	NOUN
arjefm-1231	160	16	are	be	AUX
arjefm-1231	160	17	important	important	ADJ
arjefm-1231	160	18	drivers	driver	NOUN
arjefm-1231	160	19	of	of	ADP
arjefm-1231	160	20	business	business	NOUN
arjefm-1231	160	21	cycle	cycle	NOUN
arjefm-1231	160	22	fluctuations	fluctuation	NOUN
arjefm-1231	160	23	,	,	PUNCT
arjefm-1231	160	24	(	(	PUNCT
arjefm-1231	160	25	ii	ii	NOUN
arjefm-1231	160	26	)	)	PUNCT
arjefm-1231	160	27	loan	loan	NOUN
arjefm-1231	160	28	loss	loss	NOUN
arjefm-1231	160	29	provisioning	provisioning	NOUN
arjefm-1231	160	30	decreases	decrease	NOUN
arjefm-1231	160	31	in	in	ADP
arjefm-1231	160	32	relative	relative	ADJ
arjefm-1231	160	33	terms	term	NOUN
arjefm-1231	160	34	as	as	ADP
arjefm-1231	160	35	bank	bank	NOUN
arjefm-1231	160	36	lending	lending	NOUN
arjefm-1231	160	37	increases	increase	NOUN
arjefm-1231	160	38	,	,	PUNCT
arjefm-1231	160	39	and	and	CCONJ
arjefm-1231	160	40	(	(	PUNCT
arjefm-1231	160	41	iii	iii	X
arjefm-1231	160	42	)	)	PUNCT
arjefm-1231	160	43	bank	bank	NOUN
arjefm-1231	160	44	lending	lending	NOUN
arjefm-1231	160	45	is	be	AUX
arjefm-1231	160	46	primarily	primarily	ADV
arjefm-1231	160	47	affected	affect	VERB
arjefm-1231	160	48	by	by	ADP
arjefm-1231	160	49	output	output	NOUN
arjefm-1231	160	50	fluctuations	fluctuation	NOUN
arjefm-1231	160	51	.	.	PUNCT
arjefm-1231	161	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	161	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	162	1	american	american	PROPN
arjefm-1231	162	2	research	research	PROPN
arjefm-1231	162	3	journal	journal	PROPN
arjefm-1231	162	4	of	of	ADP
arjefm-1231	162	5	economics	economic	NOUN
arjefm-1231	162	6	,	,	PUNCT
arjefm-1231	162	7	finance	finance	NOUN
arjefm-1231	162	8	and	and	CCONJ
arjefm-1231	162	9	management	management	NOUN
arjefm-1231	162	10	volume	volume	NOUN
arjefm-1231	162	11	13	13	NUM
arjefm-1231	162	12	issue	issue	NOUN
arjefm-1231	162	13	3	3	NUM
arjefm-1231	162	14	,	,	PUNCT
arjefm-1231	162	15	july	july	PROPN
arjefm-1231	162	16	-	-	PUNCT
arjefm-1231	162	17	september	september	PROPN
arjefm-1231	162	18	2025	2025	NUM
arjefm-1231	162	19	issn	issn	NOUN
arjefm-1231	162	20	:	:	PUNCT
arjefm-1231	162	21	2836	2836	NUM
arjefm-1231	162	22	-	-	SYM
arjefm-1231	162	23	9416	9416	NUM
arjefm-1231	162	24	impact	impact	NOUN
arjefm-1231	162	25	factor	factor	NOUN
arjefm-1231	162	26	:	:	PUNCT
arjefm-1231	162	27	6.41	6.41	NUM
arjefm-1231	162	28	journal	journal	NOUN
arjefm-1231	162	29	homepage	homepage	NOUN
arjefm-1231	162	30	:	:	PUNCT
arjefm-1231	162	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	162	32	email	email	NOUN
arjefm-1231	162	33	:	:	PUNCT
arjefm-1231	162	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	162	35	official	official	ADJ
arjefm-1231	162	36	journal	journal	PROPN
arjefm-1231	162	37	of	of	ADP
arjefm-1231	162	38	america	america	PROPN
arjefm-1231	162	39	serial	serial	PROPN
arjefm-1231	162	40	publication	publication	NOUN
arjefm-1231	162	41	american	american	PROPN
arjefm-1231	162	42	research	research	PROPN
arjefm-1231	162	43	journal	journal	PROPN
arjefm-1231	162	44	of	of	ADP
arjefm-1231	162	45	economics	economic	NOUN
arjefm-1231	162	46	,	,	PUNCT
arjefm-1231	162	47	finance	finance	NOUN
arjefm-1231	162	48	and	and	CCONJ
arjefm-1231	162	49	management	management	NOUN
arjefm-1231	162	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	162	51	,	,	PUNCT
arjefm-1231	162	52	email	email	NOUN
arjefm-1231	162	53	:	:	PUNCT
arjefm-1231	163	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	163	2	46	46	NUM
arjefm-1231	164	1	|	|	ADV
arjefm-1231	164	2	p	p	X
arjefm-1231	164	3	a	a	DET
arjefm-1231	164	4	g	g	NOUN
arjefm-1231	164	5	e	e	NOUN
arjefm-1231	164	6	akins	akin	NOUN
arjefm-1231	164	7	,	,	PUNCT
arjefm-1231	164	8	dou	dou	NOUN
arjefm-1231	164	9	,	,	PUNCT
arjefm-1231	164	10	and	and	CCONJ
arjefm-1231	164	11	ng	ng	PROPN
arjefm-1231	164	12	(	(	PUNCT
arjefm-1231	164	13	2016	2016	NUM
arjefm-1231	164	14	)	)	PUNCT
arjefm-1231	164	15	examined	examine	VERB
arjefm-1231	164	16	the	the	DET
arjefm-1231	164	17	effect	effect	NOUN
arjefm-1231	164	18	of	of	ADP
arjefm-1231	164	19	country	country	NOUN
arjefm-1231	164	20	-	-	PUNCT
arjefm-1231	164	21	level	level	NOUN
arjefm-1231	164	22	timely	timely	ADJ
arjefm-1231	164	23	loan	loan	NOUN
arjefm-1231	164	24	loss	loss	NOUN
arjefm-1231	164	25	recognition	recognition	NOUN
arjefm-1231	164	26	by	by	ADP
arjefm-1231	164	27	banks	bank	NOUN
arjefm-1231	164	28	on	on	ADP
arjefm-1231	164	29	lending	lend	VERB
arjefm-1231	164	30	corruption	corruption	NOUN
arjefm-1231	164	31	using	use	VERB
arjefm-1231	164	32	a	a	DET
arjefm-1231	164	33	unique	unique	ADJ
arjefm-1231	164	34	world	world	NOUN
arjefm-1231	164	35	bank	bank	NOUN
arjefm-1231	164	36	dataset	dataset	NOUN
arjefm-1231	164	37	that	that	PRON
arjefm-1231	164	38	covers	cover	VERB
arjefm-1231	164	39	more	more	ADJ
arjefm-1231	164	40	than	than	ADP
arjefm-1231	164	41	3,600	3,600	NUM
arjefm-1231	164	42	firms	firm	NOUN
arjefm-1231	164	43	across	across	ADP
arjefm-1231	164	44	44	44	NUM
arjefm-1231	164	45	countries	country	NOUN
arjefm-1231	164	46	.	.	PUNCT
arjefm-1231	165	1	we	we	PRON
arjefm-1231	165	2	find	find	VERB
arjefm-1231	165	3	evidence	evidence	NOUN
arjefm-1231	165	4	consistent	consistent	ADJ
arjefm-1231	165	5	with	with	ADP
arjefm-1231	165	6	timely	timely	ADJ
arjefm-1231	165	7	loan	loan	NOUN
arjefm-1231	165	8	loss	loss	NOUN
arjefm-1231	165	9	recognition	recognition	NOUN
arjefm-1231	165	10	constraining	constrain	VERB
arjefm-1231	165	11	lending	lend	VERB
arjefm-1231	165	12	corruption	corruption	NOUN
arjefm-1231	165	13	because	because	SCONJ
arjefm-1231	165	14	it	it	PRON
arjefm-1231	165	15	increases	increase	VERB
arjefm-1231	165	16	the	the	DET
arjefm-1231	165	17	likelihood	likelihood	NOUN
arjefm-1231	165	18	of	of	ADP
arjefm-1231	165	19	problem	problem	NOUN
arjefm-1231	165	20	loans	loan	NOUN
arjefm-1231	165	21	being	be	AUX
arjefm-1231	165	22	uncovered	uncover	VERB
arjefm-1231	165	23	earlier	early	ADV
arjefm-1231	165	24	.	.	PUNCT
arjefm-1231	166	1	in	in	ADP
arjefm-1231	166	2	further	further	ADJ
arjefm-1231	166	3	analysis	analysis	NOUN
arjefm-1231	166	4	,	,	PUNCT
arjefm-1231	166	5	we	we	PRON
arjefm-1231	166	6	find	find	VERB
arjefm-1231	166	7	timely	timely	ADJ
arjefm-1231	166	8	loan	loan	NOUN
arjefm-1231	166	9	loss	loss	NOUN
arjefm-1231	166	10	recognition	recognition	NOUN
arjefm-1231	166	11	to	to	PART
arjefm-1231	166	12	be	be	AUX
arjefm-1231	166	13	less	less	ADV
arjefm-1231	166	14	associated	associate	VERB
arjefm-1231	166	15	with	with	ADP
arjefm-1231	166	16	reduced	reduced	ADJ
arjefm-1231	166	17	corruption	corruption	NOUN
arjefm-1231	166	18	in	in	ADP
arjefm-1231	166	19	countries	country	NOUN
arjefm-1231	166	20	where	where	SCONJ
arjefm-1231	166	21	there	there	PRON
arjefm-1231	166	22	is	be	VERB
arjefm-1231	166	23	significant	significant	ADJ
arjefm-1231	166	24	government	government	NOUN
arjefm-1231	166	25	ownership	ownership	NOUN
arjefm-1231	166	26	in	in	ADP
arjefm-1231	166	27	the	the	DET
arjefm-1231	166	28	banking	banking	NOUN
arjefm-1231	166	29	system	system	NOUN
arjefm-1231	166	30	and	and	CCONJ
arjefm-1231	166	31	deposit	deposit	NOUN
arjefm-1231	166	32	insurance	insurance	NOUN
arjefm-1231	166	33	schemes	scheme	NOUN
arjefm-1231	166	34	.	.	PUNCT
arjefm-1231	167	1	this	this	DET
arjefm-1231	167	2	evidence	evidence	NOUN
arjefm-1231	167	3	is	be	AUX
arjefm-1231	167	4	consistent	consistent	ADJ
arjefm-1231	167	5	with	with	ADP
arjefm-1231	167	6	timely	timely	ADJ
arjefm-1231	167	7	loan	loan	NOUN
arjefm-1231	167	8	loss	loss	NOUN
arjefm-1231	167	9	recognition	recognition	NOUN
arjefm-1231	167	10	being	be	AUX
arjefm-1231	167	11	less	less	ADJ
arjefm-1231	167	12	of	of	ADP
arjefm-1231	167	13	a	a	DET
arjefm-1231	167	14	deterrent	deterrent	NOUN
arjefm-1231	167	15	to	to	ADP
arjefm-1231	167	16	lending	lend	VERB
arjefm-1231	167	17	corruption	corruption	NOUN
arjefm-1231	167	18	when	when	SCONJ
arjefm-1231	167	19	banks	bank	NOUN
arjefm-1231	167	20	are	be	AUX
arjefm-1231	167	21	less	less	ADV
arjefm-1231	167	22	disciplined	discipline	VERB
arjefm-1231	167	23	by	by	ADP
arjefm-1231	167	24	their	their	PRON
arjefm-1231	167	25	capital	capital	NOUN
arjefm-1231	167	26	providers	provider	NOUN
arjefm-1231	167	27	.	.	PUNCT
arjefm-1231	168	1	banga	banga	PROPN
arjefm-1231	168	2	(	(	PUNCT
arjefm-1231	168	3	2018	2018	NUM
arjefm-1231	168	4	)	)	PUNCT
arjefm-1231	168	5	carried	carry	VERB
arjefm-1231	168	6	out	out	ADP
arjefm-1231	168	7	a	a	DET
arjefm-1231	168	8	study	study	NOUN
arjefm-1231	168	9	that	that	PRON
arjefm-1231	168	10	examined	examine	VERB
arjefm-1231	168	11	the	the	DET
arjefm-1231	168	12	potential	potential	NOUN
arjefm-1231	168	13	of	of	ADP
arjefm-1231	168	14	green	green	ADJ
arjefm-1231	168	15	bonds	bond	NOUN
arjefm-1231	168	16	in	in	ADP
arjefm-1231	168	17	mobilizing	mobilize	VERB
arjefm-1231	168	18	adaptation	adaptation	NOUN
arjefm-1231	168	19	and	and	CCONJ
arjefm-1231	168	20	mitigation	mitigation	NOUN
arjefm-1231	168	21	finance	finance	NOUN
arjefm-1231	168	22	for	for	ADP
arjefm-1231	168	23	developing	develop	VERB
arjefm-1231	168	24	countries	country	NOUN
arjefm-1231	168	25	.	.	PUNCT
arjefm-1231	169	1	building	build	VERB
arjefm-1231	169	2	upon	upon	SCONJ
arjefm-1231	169	3	a	a	DET
arjefm-1231	169	4	theoretical	theoretical	ADJ
arjefm-1231	169	5	approach	approach	NOUN
arjefm-1231	169	6	,	,	PUNCT
arjefm-1231	169	7	it	it	PRON
arjefm-1231	169	8	identifies	identify	VERB
arjefm-1231	169	9	the	the	DET
arjefm-1231	169	10	key	key	ADJ
arjefm-1231	169	11	drivers	driver	NOUN
arjefm-1231	169	12	of	of	ADP
arjefm-1231	169	13	the	the	DET
arjefm-1231	169	14	green	green	ADJ
arjefm-1231	169	15	bond	bond	NOUN
arjefm-1231	169	16	market	market	NOUN
arjefm-1231	169	17	over	over	ADP
arjefm-1231	169	18	the	the	DET
arjefm-1231	169	19	last	last	ADJ
arjefm-1231	169	20	few	few	ADJ
arjefm-1231	169	21	years	year	NOUN
arjefm-1231	169	22	and	and	CCONJ
arjefm-1231	169	23	the	the	DET
arjefm-1231	169	24	barriers	barrier	NOUN
arjefm-1231	169	25	that	that	PRON
arjefm-1231	169	26	impede	impede	VERB
arjefm-1231	169	27	its	its	PRON
arjefm-1231	169	28	appropriation	appropriation	NOUN
arjefm-1231	169	29	by	by	ADP
arjefm-1231	169	30	developing	develop	VERB
arjefm-1231	169	31	countries	country	NOUN
arjefm-1231	169	32	.	.	PUNCT
arjefm-1231	170	1	the	the	DET
arjefm-1231	170	2	results	result	NOUN
arjefm-1231	170	3	suggest	suggest	VERB
arjefm-1231	170	4	that	that	SCONJ
arjefm-1231	170	5	the	the	DET
arjefm-1231	170	6	rise	rise	NOUN
arjefm-1231	170	7	of	of	ADP
arjefm-1231	170	8	green	green	ADJ
arjefm-1231	170	9	bonds	bond	NOUN
arjefm-1231	170	10	is	be	AUX
arjefm-1231	170	11	a	a	DET
arjefm-1231	170	12	fact	fact	NOUN
arjefm-1231	170	13	in	in	ADP
arjefm-1231	170	14	developed	develop	VERB
arjefm-1231	170	15	and	and	CCONJ
arjefm-1231	170	16	emerging	emerge	VERB
arjefm-1231	170	17	countries	country	NOUN
arjefm-1231	170	18	,	,	PUNCT
arjefm-1231	170	19	backed	back	VERB
arjefm-1231	170	20	by	by	ADP
arjefm-1231	170	21	an	an	DET
arjefm-1231	170	22	increasing	increase	VERB
arjefm-1231	170	23	climate	climate	NOUN
arjefm-1231	170	24	awareness	awareness	NOUN
arjefm-1231	170	25	from	from	ADP
arjefm-1231	170	26	investors	investor	NOUN
arjefm-1231	170	27	.	.	PUNCT
arjefm-1231	171	1	however	however	ADV
arjefm-1231	171	2	,	,	PUNCT
arjefm-1231	171	3	in	in	ADP
arjefm-1231	171	4	developing	develop	VERB
arjefm-1231	171	5	countries	country	NOUN
arjefm-1231	171	6	,	,	PUNCT
arjefm-1231	171	7	the	the	DET
arjefm-1231	171	8	market	market	NOUN
arjefm-1231	171	9	remains	remain	VERB
arjefm-1231	171	10	incipient	incipient	ADJ
arjefm-1231	171	11	,	,	PUNCT
arjefm-1231	171	12	and	and	CCONJ
arjefm-1231	171	13	its	its	PRON
arjefm-1231	171	14	full	full	ADJ
arjefm-1231	171	15	potential	potential	NOUN
arjefm-1231	171	16	seems	seem	VERB
arjefm-1231	171	17	to	to	PART
arjefm-1231	171	18	be	be	AUX
arjefm-1231	171	19	underappreciated	underappreciate	VERB
arjefm-1231	171	20	.	.	PUNCT
arjefm-1231	172	1	hachenberg	hachenberg	PROPN
arjefm-1231	172	2	and	and	CCONJ
arjefm-1231	172	3	schiereck	schiereck	NOUN
arjefm-1231	172	4	(	(	PUNCT
arjefm-1231	172	5	2018	2018	NUM
arjefm-1231	172	6	)	)	PUNCT
arjefm-1231	172	7	conducted	conduct	VERB
arjefm-1231	172	8	a	a	DET
arjefm-1231	172	9	study	study	NOUN
arjefm-1231	172	10	to	to	PART
arjefm-1231	172	11	answer	answer	VERB
arjefm-1231	172	12	the	the	DET
arjefm-1231	172	13	question	question	NOUN
arjefm-1231	172	14	,	,	PUNCT
arjefm-1231	172	15	are	be	AUX
arjefm-1231	172	16	green	green	ADJ
arjefm-1231	172	17	bonds	bond	NOUN
arjefm-1231	172	18	priced	price	VERB
arjefm-1231	172	19	differently	differently	ADV
arjefm-1231	172	20	from	from	ADP
arjefm-1231	172	21	conventional	conventional	ADJ
arjefm-1231	172	22	bonds	bond	NOUN
arjefm-1231	172	23	?	?	PUNCT
arjefm-1231	173	1	however	however	ADV
arjefm-1231	173	2	,	,	PUNCT
arjefm-1231	173	3	it	it	PRON
arjefm-1231	173	4	is	be	AUX
arjefm-1231	173	5	an	an	DET
arjefm-1231	173	6	open	open	ADJ
arjefm-1231	173	7	question	question	NOUN
arjefm-1231	173	8	whether	whether	SCONJ
arjefm-1231	173	9	this	this	DET
arjefm-1231	173	10	new	new	ADJ
arjefm-1231	173	11	asset	asset	NOUN
arjefm-1231	173	12	class	class	NOUN
arjefm-1231	173	13	is	be	AUX
arjefm-1231	173	14	also	also	ADV
arjefm-1231	173	15	offering	offer	VERB
arjefm-1231	173	16	attractive	attractive	ADJ
arjefm-1231	173	17	risk	risk	NOUN
arjefm-1231	173	18	-	-	PUNCT
arjefm-1231	173	19	return	return	NOUN
arjefm-1231	173	20	profiles	profile	NOUN
arjefm-1231	173	21	compared	compare	VERB
arjefm-1231	173	22	to	to	ADP
arjefm-1231	173	23	conventional	conventional	ADJ
arjefm-1231	173	24	(	(	PUNCT
arjefm-1231	173	25	non	non	ADJ
arjefm-1231	173	26	-	-	ADJ
arjefm-1231	173	27	green	green	ADJ
arjefm-1231	173	28	)	)	PUNCT
arjefm-1231	173	29	bonds	bond	NOUN
arjefm-1231	173	30	.	.	PUNCT
arjefm-1231	174	1	to	to	PART
arjefm-1231	174	2	address	address	VERB
arjefm-1231	174	3	this	this	DET
arjefm-1231	174	4	question	question	NOUN
arjefm-1231	174	5	,	,	PUNCT
arjefm-1231	174	6	we	we	PRON
arjefm-1231	174	7	match	match	VERB
arjefm-1231	174	8	daily	daily	ADV
arjefm-1231	174	9	i	i	NOUN
arjefm-1231	174	10	-	-	PUNCT
arjefm-1231	174	11	spreads	spread	NOUN
arjefm-1231	174	12	of	of	ADP
arjefm-1231	174	13	green	green	NOUN
arjefm-1231	174	14	-	-	PUNCT
arjefm-1231	174	15	labeled	label	VERB
arjefm-1231	174	16	and	and	CCONJ
arjefm-1231	174	17	similar	similar	ADJ
arjefm-1231	174	18	non	non	ADJ
arjefm-1231	174	19	-	-	ADJ
arjefm-1231	174	20	green	green	ADJ
arjefm-1231	174	21	-	-	PUNCT
arjefm-1231	174	22	labeled	label	VERB
arjefm-1231	174	23	bonds	bond	NOUN
arjefm-1231	174	24	and	and	CCONJ
arjefm-1231	174	25	look	look	VERB
arjefm-1231	174	26	at	at	ADP
arjefm-1231	174	27	their	their	PRON
arjefm-1231	174	28	pricing	pricing	NOUN
arjefm-1231	174	29	differentials	differential	NOUN
arjefm-1231	174	30	.	.	PUNCT
arjefm-1231	175	1	we	we	PRON
arjefm-1231	175	2	find	find	VERB
arjefm-1231	175	3	that	that	SCONJ
arjefm-1231	175	4	rating	rating	NOUN
arjefm-1231	175	5	classes	class	NOUN
arjefm-1231	175	6	aa	aa	NOUN
arjefm-1231	175	7	–	–	PUNCT
arjefm-1231	175	8	bbb	bbb	NOUN
arjefm-1231	175	9	of	of	ADP
arjefm-1231	175	10	green	green	ADJ
arjefm-1231	175	11	bonds	bond	NOUN
arjefm-1231	175	12	as	as	ADV
arjefm-1231	175	13	well	well	ADV
arjefm-1231	175	14	as	as	ADP
arjefm-1231	175	15	the	the	DET
arjefm-1231	175	16	full	full	ADJ
arjefm-1231	175	17	sample	sample	NOUN
arjefm-1231	175	18	trade	trade	NOUN
arjefm-1231	175	19	marginally	marginally	ADV
arjefm-1231	175	20	tighter	tight	ADJ
arjefm-1231	175	21	for	for	ADP
arjefm-1231	175	22	the	the	DET
arjefm-1231	175	23	respective	respective	ADJ
arjefm-1231	175	24	period	period	NOUN
arjefm-1231	175	25	compared	compare	VERB
arjefm-1231	175	26	to	to	ADP
arjefm-1231	175	27	non	non	ADJ
arjefm-1231	175	28	-	-	ADJ
arjefm-1231	175	29	green	green	ADJ
arjefm-1231	175	30	bonds	bond	NOUN
arjefm-1231	175	31	of	of	ADP
arjefm-1231	175	32	the	the	DET
arjefm-1231	175	33	same	same	ADJ
arjefm-1231	175	34	issuers	issuer	NOUN
arjefm-1231	175	35	.	.	PUNCT
arjefm-1231	176	1	furthermore	furthermore	ADV
arjefm-1231	176	2	,	,	PUNCT
arjefm-1231	176	3	financial	financial	ADJ
arjefm-1231	176	4	and	and	CCONJ
arjefm-1231	176	5	corporate	corporate	ADJ
arjefm-1231	176	6	green	green	ADJ
arjefm-1231	176	7	bonds	bond	NOUN
arjefm-1231	176	8	trade	trade	VERB
arjefm-1231	176	9	tighter	tight	ADJ
arjefm-1231	176	10	than	than	ADP
arjefm-1231	176	11	their	their	PRON
arjefm-1231	176	12	comparable	comparable	ADJ
arjefm-1231	176	13	nongreen	nongreen	ADJ
arjefm-1231	176	14	bonds	bond	NOUN
arjefm-1231	176	15	,	,	PUNCT
arjefm-1231	176	16	and	and	CCONJ
arjefm-1231	176	17	government	government	NOUN
arjefm-1231	176	18	-	-	PUNCT
arjefm-1231	176	19	related	relate	VERB
arjefm-1231	176	20	bonds	bond	NOUN
arjefm-1231	176	21	on	on	ADP
arjefm-1231	176	22	the	the	DET
arjefm-1231	176	23	other	other	ADJ
arjefm-1231	176	24	hand	hand	NOUN
arjefm-1231	176	25	trade	trade	NOUN
arjefm-1231	176	26	marginally	marginally	ADV
arjefm-1231	176	27	wider	wide	ADJ
arjefm-1231	176	28	.	.	PUNCT
arjefm-1231	177	1	issue	issue	NOUN
arjefm-1231	177	2	size	size	NOUN
arjefm-1231	177	3	,	,	PUNCT
arjefm-1231	177	4	maturity	maturity	NOUN
arjefm-1231	177	5	,	,	PUNCT
arjefm-1231	177	6	and	and	CCONJ
arjefm-1231	177	7	currency	currency	NOUN
arjefm-1231	177	8	do	do	AUX
arjefm-1231	177	9	not	not	PART
arjefm-1231	177	10	have	have	VERB
arjefm-1231	177	11	a	a	DET
arjefm-1231	177	12	significant	significant	ADJ
arjefm-1231	177	13	influence	influence	NOUN
arjefm-1231	177	14	on	on	ADP
arjefm-1231	177	15	differences	difference	NOUN
arjefm-1231	177	16	in	in	ADP
arjefm-1231	177	17	pricing	pricing	NOUN
arjefm-1231	177	18	but	but	CCONJ
arjefm-1231	177	19	industry	industry	NOUN
arjefm-1231	177	20	and	and	CCONJ
arjefm-1231	177	21	esg	esg	NOUN
arjefm-1231	177	22	rating	rating	NOUN
arjefm-1231	177	23	.	.	PUNCT
arjefm-1231	178	1	3	3	X
arjefm-1231	178	2	.	.	X
arjefm-1231	178	3	methodology	methodology	NOUN
arjefm-1231	178	4	the	the	DET
arjefm-1231	178	5	study	study	NOUN
arjefm-1231	178	6	adopts	adopt	VERB
arjefm-1231	178	7	an	an	DET
arjefm-1231	178	8	ex	ex	ADJ
arjefm-1231	178	9	-	-	ADJ
arjefm-1231	178	10	post	post	ADJ
arjefm-1231	178	11	factor	factor	NOUN
arjefm-1231	178	12	research	research	NOUN
arjefm-1231	178	13	design	design	NOUN
arjefm-1231	178	14	.	.	PUNCT
arjefm-1231	179	1	the	the	DET
arjefm-1231	179	2	data	datum	NOUN
arjefm-1231	179	3	collected	collect	VERB
arjefm-1231	179	4	for	for	ADP
arjefm-1231	179	5	this	this	DET
arjefm-1231	179	6	study	study	NOUN
arjefm-1231	179	7	is	be	AUX
arjefm-1231	179	8	sourced	source	VERB
arjefm-1231	179	9	from	from	ADP
arjefm-1231	179	10	corporate	corporate	ADJ
arjefm-1231	179	11	financial	financial	ADJ
arjefm-1231	179	12	reporting	reporting	NOUN
arjefm-1231	179	13	under	under	ADP
arjefm-1231	179	14	the	the	DET
arjefm-1231	179	15	nigeria	nigeria	PROPN
arjefm-1231	179	16	exchange	exchange	PROPN
arjefm-1231	179	17	group	group	NOUN
arjefm-1231	179	18	.	.	PUNCT
arjefm-1231	180	1	the	the	DET
arjefm-1231	180	2	estimated	estimate	VERB
arjefm-1231	180	3	pooled	pool	VERB
arjefm-1231	180	4	ols	ol	NOUN
arjefm-1231	180	5	equation	equation	NOUN
arjefm-1231	180	6	was	be	AUX
arjefm-1231	180	7	formulated	formulate	VERB
arjefm-1231	180	8	similarly	similarly	ADV
arjefm-1231	180	9	to	to	ADP
arjefm-1231	180	10	the	the	DET
arjefm-1231	180	11	main	main	ADJ
arjefm-1231	180	12	regression	regression	NOUN
arjefm-1231	180	13	equation	equation	NOUN
arjefm-1231	180	14	.	.	PUNCT
arjefm-1231	181	1	the	the	DET
arjefm-1231	181	2	pooled	pool	VERB
arjefm-1231	181	3	ols	ol	NOUN
arjefm-1231	181	4	estimation	estimation	NOUN
arjefm-1231	181	5	process	process	NOUN
arjefm-1231	181	6	involved	involve	VERB
arjefm-1231	181	7	minimizing	minimize	VERB
arjefm-1231	181	8	the	the	DET
arjefm-1231	181	9	sum	sum	NOUN
arjefm-1231	181	10	of	of	ADP
arjefm-1231	181	11	squared	square	VERB
arjefm-1231	181	12	residuals	residual	NOUN
arjefm-1231	181	13	.	.	PUNCT
arjefm-1231	182	1	the	the	DET
arjefm-1231	182	2	parameters	parameter	NOUN
arjefm-1231	182	3	were	be	AUX
arjefm-1231	182	4	estimated	estimate	VERB
arjefm-1231	182	5	simultaneously	simultaneously	ADV
arjefm-1231	182	6	to	to	PART
arjefm-1231	182	7	achieve	achieve	VERB
arjefm-1231	182	8	the	the	DET
arjefm-1231	182	9	lowest	low	ADJ
arjefm-1231	182	10	possible	possible	ADJ
arjefm-1231	182	11	sum	sum	NOUN
arjefm-1231	182	12	of	of	ADP
arjefm-1231	182	13	squared	square	VERB
arjefm-1231	182	14	residuals	residual	NOUN
arjefm-1231	182	15	(	(	PUNCT
arjefm-1231	182	16	wooldridge	wooldridge	PROPN
arjefm-1231	182	17	,	,	PUNCT
arjefm-1231	182	18	2012	2012	NUM
arjefm-1231	182	19	)	)	PUNCT
arjefm-1231	182	20	.	.	PUNCT
arjefm-1231	183	1	the	the	DET
arjefm-1231	183	2	estimated	estimate	VERB
arjefm-1231	183	3	pooled	pool	VERB
arjefm-1231	183	4	ols	ol	NOUN
arjefm-1231	183	5	regression	regression	NOUN
arjefm-1231	183	6	is	be	AUX
arjefm-1231	183	7	presented	present	VERB
arjefm-1231	183	8	as	as	SCONJ
arjefm-1231	183	9	follows	follow	VERB
arjefm-1231	183	10	:	:	PUNCT
arjefm-1231	183	11	�	�	PROPN
arjefm-1231	183	12	̂	̂	SYM
arjefm-1231	183	13	�	�	PROPN
arjefm-1231	183	14	=	=	SYM
arjefm-1231	183	15	�	�	PROPN
arjefm-1231	183	16	̂	̂	NOUN
arjefm-1231	183	17	�	�	NOUN
arjefm-1231	183	18	0	0	NUM
arjefm-1231	183	19	+	+	NUM
arjefm-1231	183	20	�	�	PROPN
arjefm-1231	183	21	̂	̂	SYM
arjefm-1231	183	22	�	�	PROPN
arjefm-1231	183	23	1𝑥1	1𝑥1	NUM
arjefm-1231	183	24	+	+	SYM
arjefm-1231	183	25	�	�	PROPN
arjefm-1231	183	26	̂	̂	SYM
arjefm-1231	183	27	�	�	NOUN
arjefm-1231	183	28	2𝑥2	2𝑥2	NUM
arjefm-1231	183	29	+	+	X
arjefm-1231	183	30	�	�	PROPN
arjefm-1231	183	31	̂	̂	NUM
arjefm-1231	183	32	�	�	PROPN
arjefm-1231	183	33	3𝑥3	3𝑥3	NUM
arjefm-1231	184	1	+	+	PROPN
arjefm-1231	184	2	⋯	⋯	PROPN
arjefm-1231	184	3	+	+	SYM
arjefm-1231	184	4	�	�	PROPN
arjefm-1231	184	5	̂	̂	NOUN
arjefm-1231	184	6	�	�	NOUN
arjefm-1231	184	7	𝑘𝑥𝑘	𝑘𝑥𝑘	NOUN
arjefm-1231	184	8	…	…	PUNCT
arjefm-1231	184	9	…	…	PUNCT
arjefm-1231	184	10	…	…	PUNCT
arjefm-1231	184	11	…	…	PUNCT
arjefm-1231	184	12	…	…	PUNCT
arjefm-1231	184	13	…	…	PUNCT
arjefm-1231	184	14	…	…	PUNCT
arjefm-1231	184	15	…	…	PUNCT
arjefm-1231	184	16	…	…	PUNCT
arjefm-1231	184	17	.	.	PUNCT
arjefm-1231	185	1	(	(	PUNCT
arjefm-1231	185	2	1	1	X
arjefm-1231	185	3	)	)	PUNCT
arjefm-1231	185	4	where	where	SCONJ
arjefm-1231	185	5	�	�	PROPN
arjefm-1231	185	6	̂	̂	NOUN
arjefm-1231	185	7	�	�	NOUN
arjefm-1231	185	8	0is	0is	NOUN
arjefm-1231	185	9	the	the	DET
arjefm-1231	185	10	estimate	estimate	NOUN
arjefm-1231	185	11	of	of	ADP
arjefm-1231	185	12	constant	constant	ADJ
arjefm-1231	185	13	,	,	PUNCT
arjefm-1231	185	14	and	and	CCONJ
arjefm-1231	185	15	�	�	PROPN
arjefm-1231	185	16	̂	̂	VERB
arjefm-1231	185	17	�	�	NOUN
arjefm-1231	185	18	𝑖	𝑖	NOUN
arjefm-1231	185	19	are	be	AUX
arjefm-1231	185	20	the	the	DET
arjefm-1231	185	21	estimates	estimate	NOUN
arjefm-1231	185	22	of	of	ADP
arjefm-1231	185	23	slopes	slope	NOUN
arjefm-1231	185	24	corresponding	correspond	VERB
arjefm-1231	185	25	to	to	ADP
arjefm-1231	185	26	each	each	DET
arjefm-1231	185	27	explanatory	explanatory	ADJ
arjefm-1231	185	28	variable	variable	NOUN
arjefm-1231	185	29	?	?	PUNCT
arjefm-1231	186	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	186	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	187	1	american	american	PROPN
arjefm-1231	187	2	research	research	PROPN
arjefm-1231	187	3	journal	journal	PROPN
arjefm-1231	187	4	of	of	ADP
arjefm-1231	187	5	economics	economic	NOUN
arjefm-1231	187	6	,	,	PUNCT
arjefm-1231	187	7	finance	finance	NOUN
arjefm-1231	187	8	and	and	CCONJ
arjefm-1231	187	9	management	management	NOUN
arjefm-1231	187	10	volume	volume	NOUN
arjefm-1231	187	11	13	13	NUM
arjefm-1231	187	12	issue	issue	NOUN
arjefm-1231	187	13	3	3	NUM
arjefm-1231	187	14	,	,	PUNCT
arjefm-1231	187	15	july	july	PROPN
arjefm-1231	187	16	-	-	PUNCT
arjefm-1231	187	17	september	september	PROPN
arjefm-1231	187	18	2025	2025	NUM
arjefm-1231	187	19	issn	issn	NOUN
arjefm-1231	187	20	:	:	PUNCT
arjefm-1231	187	21	2836	2836	NUM
arjefm-1231	187	22	-	-	SYM
arjefm-1231	187	23	9416	9416	NUM
arjefm-1231	187	24	impact	impact	NOUN
arjefm-1231	187	25	factor	factor	NOUN
arjefm-1231	187	26	:	:	PUNCT
arjefm-1231	187	27	6.41	6.41	NUM
arjefm-1231	187	28	journal	journal	NOUN
arjefm-1231	187	29	homepage	homepage	NOUN
arjefm-1231	187	30	:	:	PUNCT
arjefm-1231	187	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	187	32	email	email	NOUN
arjefm-1231	187	33	:	:	PUNCT
arjefm-1231	187	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	187	35	official	official	ADJ
arjefm-1231	187	36	journal	journal	PROPN
arjefm-1231	187	37	of	of	ADP
arjefm-1231	187	38	america	america	PROPN
arjefm-1231	187	39	serial	serial	PROPN
arjefm-1231	187	40	publication	publication	NOUN
arjefm-1231	187	41	american	american	PROPN
arjefm-1231	187	42	research	research	PROPN
arjefm-1231	187	43	journal	journal	PROPN
arjefm-1231	187	44	of	of	ADP
arjefm-1231	187	45	economics	economic	NOUN
arjefm-1231	187	46	,	,	PUNCT
arjefm-1231	187	47	finance	finance	NOUN
arjefm-1231	187	48	and	and	CCONJ
arjefm-1231	187	49	management	management	NOUN
arjefm-1231	187	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	187	51	,	,	PUNCT
arjefm-1231	187	52	email	email	NOUN
arjefm-1231	187	53	:	:	PUNCT
arjefm-1231	188	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	189	1	47	47	NUM
arjefm-1231	190	1	|	|	ADV
arjefm-1231	190	2	p	p	X
arjefm-1231	190	3	a	a	DET
arjefm-1231	190	4	g	g	PROPN
arjefm-1231	190	5	e	e	NOUN
arjefm-1231	190	6	panel	panel	NOUN
arjefm-1231	190	7	data	datum	NOUN
arjefm-1231	190	8	incorporates	incorporate	VERB
arjefm-1231	190	9	both	both	DET
arjefm-1231	190	10	cross	cross	ADJ
arjefm-1231	190	11	-	-	ADJ
arjefm-1231	190	12	sectional	sectional	ADJ
arjefm-1231	190	13	and	and	CCONJ
arjefm-1231	190	14	time	time	NOUN
arjefm-1231	190	15	-	-	PUNCT
arjefm-1231	190	16	series	series	NOUN
arjefm-1231	190	17	dimensions	dimension	NOUN
arjefm-1231	190	18	,	,	PUNCT
arjefm-1231	190	19	which	which	PRON
arjefm-1231	190	20	may	may	AUX
arjefm-1231	190	21	introduce	introduce	VERB
arjefm-1231	190	22	crosssectional	crosssectional	ADJ
arjefm-1231	190	23	effects	effect	NOUN
arjefm-1231	190	24	,	,	PUNCT
arjefm-1231	190	25	time	time	NOUN
arjefm-1231	190	26	effects	effect	NOUN
arjefm-1231	190	27	,	,	PUNCT
arjefm-1231	190	28	or	or	CCONJ
arjefm-1231	190	29	both	both	PRON
arjefm-1231	190	30	.	.	PUNCT
arjefm-1231	191	1	these	these	DET
arjefm-1231	191	2	effects	effect	NOUN
arjefm-1231	191	3	can	can	AUX
arjefm-1231	191	4	be	be	AUX
arjefm-1231	191	5	modeled	model	VERB
arjefm-1231	191	6	using	use	VERB
arjefm-1231	191	7	either	either	CCONJ
arjefm-1231	191	8	fixed	fix	VERB
arjefm-1231	191	9	effects	effect	NOUN
arjefm-1231	191	10	or	or	CCONJ
arjefm-1231	191	11	random	random	ADJ
arjefm-1231	191	12	effects	effect	NOUN
arjefm-1231	191	13	.	.	PUNCT
arjefm-1231	192	1	in	in	ADP
arjefm-1231	192	2	a	a	DET
arjefm-1231	192	3	fixed	fix	VERB
arjefm-1231	192	4	effects	effect	NOUN
arjefm-1231	192	5	model	model	NOUN
arjefm-1231	192	6	,	,	PUNCT
arjefm-1231	192	7	it	it	PRON
arjefm-1231	192	8	is	be	AUX
arjefm-1231	192	9	assumed	assume	VERB
arjefm-1231	192	10	that	that	SCONJ
arjefm-1231	192	11	cross	cross	ADJ
arjefm-1231	192	12	-	-	ADJ
arjefm-1231	192	13	sectional	sectional	ADJ
arjefm-1231	192	14	or	or	CCONJ
arjefm-1231	192	15	time	time	NOUN
arjefm-1231	192	16	-	-	PUNCT
arjefm-1231	192	17	series	series	NOUN
arjefm-1231	192	18	intercepts	intercept	NOUN
arjefm-1231	192	19	vary	vary	VERB
arjefm-1231	192	20	,	,	PUNCT
arjefm-1231	192	21	whereas	whereas	SCONJ
arjefm-1231	192	22	a	a	DET
arjefm-1231	192	23	random	random	ADJ
arjefm-1231	192	24	effects	effect	NOUN
arjefm-1231	192	25	model	model	NOUN
arjefm-1231	192	26	focuses	focus	VERB
arjefm-1231	192	27	on	on	ADP
arjefm-1231	192	28	how	how	SCONJ
arjefm-1231	192	29	error	error	NOUN
arjefm-1231	192	30	variances	variance	NOUN
arjefm-1231	192	31	change	change	VERB
arjefm-1231	192	32	.	.	PUNCT
arjefm-1231	193	1	estimation	estimation	NOUN
arjefm-1231	193	2	in	in	ADP
arjefm-1231	193	3	a	a	DET
arjefm-1231	193	4	fixed	fix	VERB
arjefm-1231	193	5	effects	effect	NOUN
arjefm-1231	193	6	model	model	NOUN
arjefm-1231	193	7	can	can	AUX
arjefm-1231	193	8	be	be	AUX
arjefm-1231	193	9	performed	perform	VERB
arjefm-1231	193	10	using	use	VERB
arjefm-1231	193	11	two	two	NUM
arjefm-1231	193	12	approaches	approach	NOUN
arjefm-1231	193	13	:	:	PUNCT
arjefm-1231	193	14	the	the	DET
arjefm-1231	193	15	within	within	ADJ
arjefm-1231	193	16	effect	effect	NOUN
arjefm-1231	193	17	and	and	CCONJ
arjefm-1231	193	18	the	the	DET
arjefm-1231	193	19	between	between	ADP
arjefm-1231	193	20	effect	effect	NOUN
arjefm-1231	193	21	estimates	estimate	NOUN
arjefm-1231	193	22	.	.	PUNCT
arjefm-1231	194	1	while	while	SCONJ
arjefm-1231	194	2	these	these	DET
arjefm-1231	194	3	methods	method	NOUN
arjefm-1231	194	4	yield	yield	VERB
arjefm-1231	194	5	different	different	ADJ
arjefm-1231	194	6	parameter	parameter	NOUN
arjefm-1231	194	7	estimates	estimate	NOUN
arjefm-1231	194	8	,	,	PUNCT
arjefm-1231	194	9	they	they	PRON
arjefm-1231	194	10	produce	produce	VERB
arjefm-1231	194	11	identical	identical	ADJ
arjefm-1231	194	12	slopes	slope	NOUN
arjefm-1231	194	13	for	for	ADP
arjefm-1231	194	14	non	non	ADJ
arjefm-1231	194	15	-	-	ADJ
arjefm-1231	194	16	dummy	dummy	ADJ
arjefm-1231	194	17	independent	independent	ADJ
arjefm-1231	194	18	variables	variable	NOUN
arjefm-1231	194	19	(	(	PUNCT
arjefm-1231	194	20	wooldridge	wooldridge	PROPN
arjefm-1231	194	21	,	,	PUNCT
arjefm-1231	194	22	2012	2012	NUM
arjefm-1231	194	23	)	)	PUNCT
arjefm-1231	194	24	.	.	PUNCT
arjefm-1231	195	1	the	the	DET
arjefm-1231	195	2	between	between	ADP
arjefm-1231	195	3	-	-	PUNCT
arjefm-1231	195	4	effect	effect	NOUN
arjefm-1231	195	5	estimation	estimation	NOUN
arjefm-1231	195	6	is	be	AUX
arjefm-1231	195	7	further	far	ADV
arjefm-1231	195	8	divided	divide	VERB
arjefm-1231	195	9	into	into	ADP
arjefm-1231	195	10	between	between	ADP
arjefm-1231	195	11	-	-	PUNCT
arjefm-1231	195	12	time	time	NOUN
arjefm-1231	195	13	and	and	CCONJ
arjefm-1231	195	14	between	between	ADP
arjefm-1231	195	15	-	-	PUNCT
arjefm-1231	195	16	group	group	NOUN
arjefm-1231	195	17	estimators	estimator	NOUN
arjefm-1231	195	18	.	.	PUNCT
arjefm-1231	196	1	in	in	ADP
arjefm-1231	196	2	a	a	DET
arjefm-1231	196	3	random	random	ADJ
arjefm-1231	196	4	effects	effect	NOUN
arjefm-1231	196	5	model	model	NOUN
arjefm-1231	196	6	,	,	PUNCT
arjefm-1231	196	7	the	the	DET
arjefm-1231	196	8	error	error	NOUN
arjefm-1231	196	9	variance	variance	NOUN
arjefm-1231	196	10	is	be	AUX
arjefm-1231	196	11	analyzed	analyze	VERB
arjefm-1231	196	12	concerning	concern	VERB
arjefm-1231	196	13	cross	cross	ADJ
arjefm-1231	196	14	-	-	NOUN
arjefm-1231	196	15	sections	section	NOUN
arjefm-1231	196	16	and/or	and/or	CCONJ
arjefm-1231	196	17	time	time	NOUN
arjefm-1231	196	18	series	series	NOUN
arjefm-1231	196	19	.	.	PUNCT
arjefm-1231	197	1	this	this	DET
arjefm-1231	197	2	model	model	NOUN
arjefm-1231	197	3	is	be	AUX
arjefm-1231	197	4	particularly	particularly	ADV
arjefm-1231	197	5	suitable	suitable	ADJ
arjefm-1231	197	6	for	for	ADP
arjefm-1231	197	7	cases	case	NOUN
arjefm-1231	197	8	where	where	SCONJ
arjefm-1231	197	9	individuals	individual	NOUN
arjefm-1231	197	10	(	(	PUNCT
arjefm-1231	197	11	cross	cross	ADJ
arjefm-1231	197	12	-	-	ADJ
arjefm-1231	197	13	sectional	sectional	ADJ
arjefm-1231	197	14	units	unit	NOUN
arjefm-1231	197	15	)	)	PUNCT
arjefm-1231	197	16	are	be	AUX
arjefm-1231	197	17	randomly	randomly	ADV
arjefm-1231	197	18	selected	select	VERB
arjefm-1231	197	19	from	from	ADP
arjefm-1231	197	20	a	a	DET
arjefm-1231	197	21	larger	large	ADJ
arjefm-1231	197	22	population	population	NOUN
arjefm-1231	197	23	.	.	PUNCT
arjefm-1231	198	1	two	two	NUM
arjefm-1231	198	2	estimators	estimator	NOUN
arjefm-1231	198	3	are	be	AUX
arjefm-1231	198	4	available	available	ADJ
arjefm-1231	198	5	for	for	ADP
arjefm-1231	198	6	the	the	DET
arjefm-1231	198	7	random	random	ADJ
arjefm-1231	198	8	effects	effect	NOUN
arjefm-1231	198	9	model	model	NOUN
arjefm-1231	198	10	:	:	PUNCT
arjefm-1231	198	11	the	the	DET
arjefm-1231	198	12	generalized	generalized	ADJ
arjefm-1231	198	13	least	least	ADJ
arjefm-1231	198	14	squares	square	NOUN
arjefm-1231	198	15	(	(	PUNCT
arjefm-1231	198	16	gls	gls	NOUN
arjefm-1231	198	17	)	)	PUNCT
arjefm-1231	198	18	method	method	NOUN
arjefm-1231	198	19	,	,	PUNCT
arjefm-1231	198	20	used	use	VERB
arjefm-1231	198	21	when	when	SCONJ
arjefm-1231	198	22	the	the	DET
arjefm-1231	198	23	variance	variance	NOUN
arjefm-1231	198	24	-	-	PUNCT
arjefm-1231	198	25	covariance	covariance	NOUN
arjefm-1231	198	26	matrix	matrix	NOUN
arjefm-1231	198	27	is	be	AUX
arjefm-1231	198	28	known	know	VERB
arjefm-1231	198	29	,	,	PUNCT
arjefm-1231	198	30	and	and	CCONJ
arjefm-1231	198	31	the	the	DET
arjefm-1231	198	32	feasible	feasible	ADJ
arjefm-1231	198	33	generalized	generalized	ADJ
arjefm-1231	198	34	least	least	ADJ
arjefm-1231	198	35	squares	square	NOUN
arjefm-1231	198	36	(	(	PUNCT
arjefm-1231	198	37	fgls	fgls	NOUN
arjefm-1231	198	38	)	)	PUNCT
arjefm-1231	198	39	method	method	NOUN
arjefm-1231	198	40	,	,	PUNCT
arjefm-1231	198	41	which	which	PRON
arjefm-1231	198	42	estimates	estimate	VERB
arjefm-1231	198	43	the	the	DET
arjefm-1231	198	44	variance	variance	NOUN
arjefm-1231	198	45	structure	structure	NOUN
arjefm-1231	198	46	.	.	PUNCT
arjefm-1231	199	1	both	both	DET
arjefm-1231	199	2	fixed	fix	VERB
arjefm-1231	199	3	and	and	CCONJ
arjefm-1231	199	4	random	random	ADJ
arjefm-1231	199	5	effects	effect	NOUN
arjefm-1231	199	6	models	model	NOUN
arjefm-1231	199	7	allow	allow	VERB
arjefm-1231	199	8	for	for	ADP
arjefm-1231	199	9	one	one	NUM
arjefm-1231	199	10	-	-	PUNCT
arjefm-1231	199	11	way	way	NOUN
arjefm-1231	199	12	and	and	CCONJ
arjefm-1231	199	13	two	two	NUM
arjefm-1231	199	14	-	-	PUNCT
arjefm-1231	199	15	way	way	NOUN
arjefm-1231	199	16	analyses	analysis	NOUN
arjefm-1231	199	17	.	.	PUNCT
arjefm-1231	200	1	a	a	DET
arjefm-1231	200	2	one	one	NUM
arjefm-1231	200	3	-	-	PUNCT
arjefm-1231	200	4	way	way	NOUN
arjefm-1231	200	5	analysis	analysis	NOUN
arjefm-1231	200	6	considers	consider	VERB
arjefm-1231	200	7	only	only	ADV
arjefm-1231	200	8	cross	cross	ADJ
arjefm-1231	200	9	-	-	ADJ
arjefm-1231	200	10	sectional	sectional	ADJ
arjefm-1231	200	11	variables	variable	NOUN
arjefm-1231	200	12	,	,	PUNCT
arjefm-1231	200	13	while	while	SCONJ
arjefm-1231	200	14	a	a	DET
arjefm-1231	200	15	two	two	NUM
arjefm-1231	200	16	-	-	PUNCT
arjefm-1231	200	17	way	way	NOUN
arjefm-1231	200	18	analysis	analysis	NOUN
arjefm-1231	200	19	accounts	account	VERB
arjefm-1231	200	20	for	for	ADP
arjefm-1231	200	21	both	both	DET
arjefm-1231	200	22	cross	cross	ADJ
arjefm-1231	200	23	-	-	ADJ
arjefm-1231	200	24	sectional	sectional	ADJ
arjefm-1231	200	25	and	and	CCONJ
arjefm-1231	200	26	time	time	NOUN
arjefm-1231	200	27	-	-	PUNCT
arjefm-1231	200	28	series	series	NOUN
arjefm-1231	200	29	data	data	PROPN
arjefm-1231	200	30	.	.	PUNCT
arjefm-1231	201	1	table	table	NOUN
arjefm-1231	201	2	1	1	NUM
arjefm-1231	201	3	presents	present	VERB
arjefm-1231	201	4	the	the	DET
arjefm-1231	201	5	equations	equation	NOUN
arjefm-1231	201	6	for	for	ADP
arjefm-1231	201	7	the	the	DET
arjefm-1231	201	8	fixed	fix	VERB
arjefm-1231	201	9	and	and	CCONJ
arjefm-1231	201	10	random	random	ADJ
arjefm-1231	201	11	effects	effect	NOUN
arjefm-1231	201	12	models	model	NOUN
arjefm-1231	201	13	under	under	ADP
arjefm-1231	201	14	the	the	DET
arjefm-1231	201	15	one	one	NUM
arjefm-1231	201	16	-	-	PUNCT
arjefm-1231	201	17	way	way	NOUN
arjefm-1231	201	18	approach	approach	NOUN
arjefm-1231	201	19	,	,	PUNCT
arjefm-1231	201	20	which	which	PRON
arjefm-1231	201	21	will	will	AUX
arjefm-1231	201	22	be	be	AUX
arjefm-1231	201	23	adopted	adopt	VERB
arjefm-1231	201	24	for	for	ADP
arjefm-1231	201	25	this	this	DET
arjefm-1231	201	26	study	study	NOUN
arjefm-1231	201	27	.	.	PUNCT
arjefm-1231	202	1	table	table	NOUN
arjefm-1231	202	2	1	1	NUM
arjefm-1231	202	3	:	:	PUNCT
arjefm-1231	202	4	fixed	fixed	ADJ
arjefm-1231	202	5	and	and	CCONJ
arjefm-1231	202	6	random	random	ADJ
arjefm-1231	202	7	effect	effect	NOUN
arjefm-1231	202	8	panel	panel	NOUN
arjefm-1231	202	9	data	data	NOUN
arjefm-1231	202	10	models	model	NOUN
arjefm-1231	202	11	terms	term	NOUN
arjefm-1231	202	12	fixed	fix	VERB
arjefm-1231	202	13	effect	effect	NOUN
arjefm-1231	202	14	model	model	VERB
arjefm-1231	202	15	random	random	ADJ
arjefm-1231	202	16	effect	effect	NOUN
arjefm-1231	202	17	model	model	NOUN
arjefm-1231	202	18	equation	equation	NOUN
arjefm-1231	202	19	one	one	NUM
arjefm-1231	202	20	-	-	PUNCT
arjefm-1231	202	21	way	way	NOUN
arjefm-1231	202	22	:	:	PUNCT
arjefm-1231	202	23	𝑦𝑖𝑡	𝑦𝑖𝑡	NOUN
arjefm-1231	202	24	=	=	SYM
arjefm-1231	202	25	(	(	PUNCT
arjefm-1231	202	26	𝛼	𝛼	X
arjefm-1231	202	27	+	+	NOUN
arjefm-1231	202	28	µ𝑖	µ𝑖	NUM
arjefm-1231	202	29	)	)	PUNCT
arjefm-1231	203	1	+	+	NOUN
arjefm-1231	203	2	𝑥𝑖𝑡𝜋	𝑥𝑖𝑡𝜋	NOUN
arjefm-1231	203	3	+	+	SYM
arjefm-1231	203	4	∈𝑖𝑡	∈𝑖𝑡	VERB
arjefm-1231	203	5	one	one	NUM
arjefm-1231	203	6	-	-	PUNCT
arjefm-1231	203	7	way	way	NOUN
arjefm-1231	203	8	:	:	PUNCT
arjefm-1231	203	9	𝑦𝑖𝑡	𝑦𝑖𝑡	NOUN
arjefm-1231	203	10	=	=	SYM
arjefm-1231	203	11	𝛼	𝛼	PROPN
arjefm-1231	203	12	+	+	X
arjefm-1231	203	13	𝑥𝑖𝑡𝜋	𝑥𝑖𝑡𝜋	NOUN
arjefm-1231	203	14	+	+	CCONJ
arjefm-1231	203	15	(	(	PUNCT
arjefm-1231	203	16	µ𝑖	µ𝑖	ADP
arjefm-1231	203	17	+	+	NOUN
arjefm-1231	203	18	∈𝑖𝑡	∈𝑖𝑡	NOUN
arjefm-1231	203	19	)	)	PUNCT
arjefm-1231	203	20	intercept	intercept	NOUN
arjefm-1231	203	21	differing	differ	VERB
arjefm-1231	203	22	across	across	ADP
arjefm-1231	203	23	crosssectional	crosssectional	NOUN
arjefm-1231	203	24	/	/	SYM
arjefm-1231	203	25	time	time	NOUN
arjefm-1231	203	26	series	series	NOUN
arjefm-1231	203	27	constant	constant	ADJ
arjefm-1231	203	28	error	error	NOUN
arjefm-1231	203	29	variance	variance	NOUN
arjefm-1231	203	30	constant	constant	ADJ
arjefm-1231	203	31	differing	differing	NOUN
arjefm-1231	203	32	across	across	ADP
arjefm-1231	203	33	cross	cross	ADJ
arjefm-1231	203	34	-	-	ADJ
arjefm-1231	203	35	sectional	sectional	ADJ
arjefm-1231	203	36	/	/	SYM
arjefm-1231	203	37	time	time	NOUN
arjefm-1231	203	38	series	series	NOUN
arjefm-1231	203	39	slope	slope	VERB
arjefm-1231	203	40	constant	constant	ADJ
arjefm-1231	203	41	constant	constant	ADJ
arjefm-1231	203	42	estimation	estimation	NOUN
arjefm-1231	203	43	between	between	ADP
arjefm-1231	203	44	,	,	PUNCT
arjefm-1231	203	45	within	within	ADP
arjefm-1231	203	46	fgls	fgls	NOUN
arjefm-1231	203	47	,	,	PUNCT
arjefm-1231	203	48	gls	gls	PROPN
arjefm-1231	203	49	were	be	AUX
arjefm-1231	203	50	𝑦𝑖𝑡	𝑦𝑖𝑡	NOUN
arjefm-1231	203	51	=	=	SYM
arjefm-1231	203	52	dependent	dependent	ADJ
arjefm-1231	203	53	variable	variable	ADJ
arjefm-1231	203	54	𝑥𝑖𝑡	𝑥𝑖𝑡	PROPN
arjefm-1231	203	55	=	=	PUNCT
arjefm-1231	203	56	independent	independent	ADJ
arjefm-1231	203	57	variable	variable	NOUN
arjefm-1231	203	58	∈𝑖𝑡	∈𝑖𝑡	NOUN
arjefm-1231	203	59	=	=	SYM
arjefm-1231	203	60	zero	zero	NUM
arjefm-1231	203	61	mean	mean	VERB
arjefm-1231	203	62	random	random	ADJ
arjefm-1231	203	63	disturbance	disturbance	NOUN
arjefm-1231	203	64	µ𝑖	µ𝑖	ADP
arjefm-1231	203	65	=	=	SYM
arjefm-1231	203	66	unobserved	unobserved	ADJ
arjefm-1231	203	67	individual	individual	ADJ
arjefm-1231	203	68	-	-	PUNCT
arjefm-1231	203	69	specific	specific	ADJ
arjefm-1231	203	70	effect	effect	NOUN
arjefm-1231	203	71	𝛼	𝛼	X
arjefm-1231	203	72	=	=	NOUN
arjefm-1231	203	73	model	model	NOUN
arjefm-1231	203	74	coefficient	coefficient	NOUN
arjefm-1231	203	75	referring	refer	VERB
arjefm-1231	203	76	to	to	ADP
arjefm-1231	203	77	table	table	NOUN
arjefm-1231	203	78	1	1	NUM
arjefm-1231	203	79	,	,	PUNCT
arjefm-1231	203	80	fixed	fix	VERB
arjefm-1231	203	81	effects	effect	NOUN
arjefm-1231	203	82	models	model	NOUN
arjefm-1231	203	83	account	account	VERB
arjefm-1231	203	84	for	for	ADP
arjefm-1231	203	85	individual	individual	ADJ
arjefm-1231	203	86	-	-	PUNCT
arjefm-1231	203	87	specific	specific	ADJ
arjefm-1231	203	88	effects	effect	NOUN
arjefm-1231	203	89	µ𝑖	µ𝑖	ADP
arjefm-1231	203	90	by	by	ADP
arjefm-1231	203	91	allowing	allow	VERB
arjefm-1231	203	92	variations	variation	NOUN
arjefm-1231	203	93	in	in	ADP
arjefm-1231	203	94	intercepts	intercept	NOUN
arjefm-1231	203	95	while	while	SCONJ
arjefm-1231	203	96	maintaining	maintain	VERB
arjefm-1231	203	97	a	a	DET
arjefm-1231	203	98	consistent	consistent	ADJ
arjefm-1231	203	99	slope	slope	NOUN
arjefm-1231	203	100	and	and	CCONJ
arjefm-1231	203	101	constant	constant	ADJ
arjefm-1231	203	102	variances	variance	NOUN
arjefm-1231	203	103	across	across	ADP
arjefm-1231	203	104	cross	cross	NOUN
arjefm-1231	203	105	-	-	NOUN
arjefm-1231	203	106	sections	section	NOUN
arjefm-1231	203	107	.	.	PUNCT
arjefm-1231	204	1	since	since	SCONJ
arjefm-1231	204	2	these	these	DET
arjefm-1231	204	3	individual	individual	ADJ
arjefm-1231	204	4	-	-	PUNCT
arjefm-1231	204	5	specific	specific	ADJ
arjefm-1231	204	6	effects	effect	NOUN
arjefm-1231	204	7	remain	remain	VERB
arjefm-1231	204	8	unchanged	unchanged	ADJ
arjefm-1231	204	9	over	over	ADP
arjefm-1231	204	10	time	time	NOUN
arjefm-1231	204	11	,	,	PUNCT
arjefm-1231	204	12	µ𝑖	µ𝑖	VERB
arjefm-1231	204	13	can	can	AUX
arjefm-1231	204	14	be	be	AUX
arjefm-1231	204	15	correlated	correlate	VERB
arjefm-1231	204	16	with	with	ADP
arjefm-1231	204	17	other	other	ADJ
arjefm-1231	204	18	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	204	19	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	205	1	american	american	PROPN
arjefm-1231	205	2	research	research	PROPN
arjefm-1231	205	3	journal	journal	PROPN
arjefm-1231	205	4	of	of	ADP
arjefm-1231	205	5	economics	economic	NOUN
arjefm-1231	205	6	,	,	PUNCT
arjefm-1231	205	7	finance	finance	NOUN
arjefm-1231	205	8	and	and	CCONJ
arjefm-1231	205	9	management	management	NOUN
arjefm-1231	205	10	volume	volume	NOUN
arjefm-1231	205	11	13	13	NUM
arjefm-1231	205	12	issue	issue	NOUN
arjefm-1231	205	13	3	3	NUM
arjefm-1231	205	14	,	,	PUNCT
arjefm-1231	205	15	july	july	PROPN
arjefm-1231	205	16	-	-	PUNCT
arjefm-1231	205	17	september	september	PROPN
arjefm-1231	205	18	2025	2025	NUM
arjefm-1231	205	19	issn	issn	NOUN
arjefm-1231	205	20	:	:	PUNCT
arjefm-1231	205	21	2836	2836	NUM
arjefm-1231	205	22	-	-	SYM
arjefm-1231	205	23	9416	9416	NUM
arjefm-1231	205	24	impact	impact	NOUN
arjefm-1231	205	25	factor	factor	NOUN
arjefm-1231	205	26	:	:	PUNCT
arjefm-1231	205	27	6.41	6.41	NUM
arjefm-1231	205	28	journal	journal	NOUN
arjefm-1231	205	29	homepage	homepage	NOUN
arjefm-1231	205	30	:	:	PUNCT
arjefm-1231	205	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	205	32	email	email	NOUN
arjefm-1231	205	33	:	:	PUNCT
arjefm-1231	205	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	205	35	official	official	ADJ
arjefm-1231	205	36	journal	journal	PROPN
arjefm-1231	205	37	of	of	ADP
arjefm-1231	205	38	america	america	PROPN
arjefm-1231	205	39	serial	serial	PROPN
arjefm-1231	205	40	publication	publication	NOUN
arjefm-1231	205	41	american	american	PROPN
arjefm-1231	205	42	research	research	PROPN
arjefm-1231	205	43	journal	journal	PROPN
arjefm-1231	205	44	of	of	ADP
arjefm-1231	205	45	economics	economic	NOUN
arjefm-1231	205	46	,	,	PUNCT
arjefm-1231	205	47	finance	finance	NOUN
arjefm-1231	205	48	and	and	CCONJ
arjefm-1231	205	49	management	management	NOUN
arjefm-1231	205	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	205	51	,	,	PUNCT
arjefm-1231	205	52	email	email	NOUN
arjefm-1231	205	53	:	:	PUNCT
arjefm-1231	205	54	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	206	1	48	48	NUM
arjefm-1231	207	1	|	|	ADV
arjefm-1231	207	2	p	p	NOUN
arjefm-1231	207	3	a	a	DET
arjefm-1231	207	4	g	g	NOUN
arjefm-1231	207	5	e	e	NOUN
arjefm-1231	207	6	independent	independent	ADJ
arjefm-1231	207	7	variables	variable	NOUN
arjefm-1231	207	8	(	(	PUNCT
arjefm-1231	207	9	wooldridge	wooldridge	PROPN
arjefm-1231	207	10	,	,	PUNCT
arjefm-1231	207	11	2009	2009	NUM
arjefm-1231	207	12	)	)	PUNCT
arjefm-1231	207	13	.	.	PUNCT
arjefm-1231	208	1	in	in	ADP
arjefm-1231	208	2	contrast	contrast	NOUN
arjefm-1231	208	3	,	,	PUNCT
arjefm-1231	208	4	random	random	ADJ
arjefm-1231	208	5	effects	effect	NOUN
arjefm-1231	208	6	models	model	NOUN
arjefm-1231	208	7	assume	assume	VERB
arjefm-1231	208	8	that	that	SCONJ
arjefm-1231	208	9	both	both	CCONJ
arjefm-1231	208	10	the	the	DET
arjefm-1231	208	11	intercept	intercept	NOUN
arjefm-1231	208	12	and	and	CCONJ
arjefm-1231	208	13	slope	slope	NOUN
arjefm-1231	208	14	remain	remain	VERB
arjefm-1231	208	15	constant	constant	ADJ
arjefm-1231	208	16	,	,	PUNCT
arjefm-1231	208	17	treating	treat	VERB
arjefm-1231	208	18	individual	individual	ADJ
arjefm-1231	208	19	-	-	PUNCT
arjefm-1231	208	20	specific	specific	ADJ
arjefm-1231	208	21	effects	effect	NOUN
arjefm-1231	208	22	as	as	ADP
arjefm-1231	208	23	part	part	NOUN
arjefm-1231	208	24	of	of	ADP
arjefm-1231	208	25	the	the	DET
arjefm-1231	208	26	error	error	NOUN
arjefm-1231	208	27	variance	variance	NOUN
arjefm-1231	208	28	.	.	PUNCT
arjefm-1231	209	1	3.2	3.2	NUM
arjefm-1231	209	2	panel	panel	NOUN
arjefm-1231	209	3	unit	unit	NOUN
arjefm-1231	209	4	root	root	NOUN
arjefm-1231	209	5	test	test	NOUN
arjefm-1231	209	6	to	to	PART
arjefm-1231	209	7	study	study	VERB
arjefm-1231	209	8	the	the	DET
arjefm-1231	209	9	stationary	stationary	NOUN
arjefm-1231	209	10	of	of	ADP
arjefm-1231	209	11	variables	variable	NOUN
arjefm-1231	209	12	we	we	PRON
arjefm-1231	209	13	apply	apply	VERB
arjefm-1231	209	14	levin	levin	PROPN
arjefm-1231	209	15	,	,	PUNCT
arjefm-1231	209	16	lin	lin	PROPN
arjefm-1231	209	17	,	,	PUNCT
arjefm-1231	209	18	and	and	CCONJ
arjefm-1231	209	19	chu	chu	PROPN
arjefm-1231	209	20	(	(	PUNCT
arjefm-1231	209	21	llc	llc	PROPN
arjefm-1231	209	22	)	)	PUNCT
arjefm-1231	209	23	(	(	PUNCT
arjefm-1231	209	24	e.g.	e.g.	ADV
arjefm-1231	209	25	,	,	PUNCT
arjefm-1231	209	26	levin	levin	PROPN
arjefm-1231	209	27	et	et	PROPN
arjefm-1231	209	28	al	al	PROPN
arjefm-1231	209	29	.	.	PROPN
arjefm-1231	209	30	,	,	PUNCT
arjefm-1231	209	31	2002	2002	NUM
arjefm-1231	209	32	)	)	PUNCT
arjefm-1231	209	33	.	.	PUNCT
arjefm-1231	210	1	i	i	PRON
arjefm-1231	210	2	m	m	PROPN
arjefm-1231	210	3	,	,	PUNCT
arjefm-1231	210	4	pesaran	pesaran	VERB
arjefm-1231	210	5	,	,	PUNCT
arjefm-1231	210	6	and	and	CCONJ
arjefm-1231	210	7	shin	shin	NOUN
arjefm-1231	210	8	(	(	PUNCT
arjefm-1231	210	9	ips	ips	PROPN
arjefm-1231	210	10	)	)	PUNCT
arjefm-1231	210	11	(	(	PUNCT
arjefm-1231	210	12	e.g.	e.g.	ADV
arjefm-1231	210	13	,	,	PUNCT
arjefm-1231	210	14	i	i	PRON
arjefm-1231	210	15	m	m	VERB
arjefm-1231	210	16	et	et	NOUN
arjefm-1231	210	17	al	al	PROPN
arjefm-1231	210	18	.	.	PROPN
arjefm-1231	210	19	,	,	PUNCT
arjefm-1231	210	20	2003	2003	NUM
arjefm-1231	210	21	)	)	PUNCT
arjefm-1231	210	22	,	,	PUNCT
arjefm-1231	210	23	are	be	AUX
arjefm-1231	210	24	mentioned	mention	VERB
arjefm-1231	210	25	by	by	ADP
arjefm-1231	210	26	madala	madala	NOUN
arjefm-1231	210	27	and	and	CCONJ
arjefm-1231	210	28	wu	wu	PROPN
arjefm-1231	210	29	(	(	PUNCT
arjefm-1231	210	30	1999	1999	NUM
arjefm-1231	210	31	)	)	PUNCT
arjefm-1231	210	32	(	(	PUNCT
arjefm-1231	210	33	e.g.	e.g.	ADV
arjefm-1231	210	34	,	,	PUNCT
arjefm-1231	210	35	mandala	mandala	NOUN
arjefm-1231	210	36	and	and	CCONJ
arjefm-1231	210	37	shaowen	shaowen	NOUN
arjefm-1231	210	38	,	,	PUNCT
arjefm-1231	210	39	1999	1999	NUM
arjefm-1231	210	40	)	)	PUNCT
arjefm-1231	210	41	.	.	PUNCT
arjefm-1231	211	1	these	these	DET
arjefm-1231	211	2	tests	test	NOUN
arjefm-1231	211	3	are	be	AUX
arjefm-1231	211	4	among	among	ADP
arjefm-1231	211	5	the	the	DET
arjefm-1231	211	6	most	most	ADV
arjefm-1231	211	7	significant	significant	ADJ
arjefm-1231	211	8	unit	unit	NOUN
arjefm-1231	211	9	root	root	NOUN
arjefm-1231	211	10	tests	test	NOUN
arjefm-1231	211	11	for	for	ADP
arjefm-1231	211	12	panel	panel	NOUN
arjefm-1231	211	13	data	datum	NOUN
arjefm-1231	211	14	,	,	PUNCT
arjefm-1231	211	15	while	while	SCONJ
arjefm-1231	211	16	different	different	ADJ
arjefm-1231	211	17	approaches	approach	NOUN
arjefm-1231	211	18	may	may	AUX
arjefm-1231	211	19	yield	yield	VERB
arjefm-1231	211	20	inconsistent	inconsistent	ADJ
arjefm-1231	211	21	findings	finding	NOUN
arjefm-1231	211	22	.	.	PUNCT
arjefm-1231	212	1	the	the	DET
arjefm-1231	212	2	null	null	ADJ
arjefm-1231	212	3	hypothesis	hypothesis	NOUN
arjefm-1231	212	4	in	in	ADP
arjefm-1231	212	5	each	each	PRON
arjefm-1231	212	6	of	of	ADP
arjefm-1231	212	7	these	these	DET
arjefm-1231	212	8	tests	test	NOUN
arjefm-1231	212	9	suggests	suggest	VERB
arjefm-1231	212	10	that	that	SCONJ
arjefm-1231	212	11	there	there	PRON
arjefm-1231	212	12	is	be	VERB
arjefm-1231	212	13	a	a	DET
arjefm-1231	212	14	unit	unit	NOUN
arjefm-1231	212	15	root	root	NOUN
arjefm-1231	212	16	.	.	PUNCT
arjefm-1231	213	1	3.2.1	3.2.1	NUM
arjefm-1231	213	2	result	result	NOUN
arjefm-1231	213	3	of	of	ADP
arjefm-1231	213	4	panel	panel	NOUN
arjefm-1231	213	5	unit	unit	NOUN
arjefm-1231	213	6	root	root	PROPN
arjefm-1231	213	7	test	test	NOUN
arjefm-1231	213	8	the	the	DET
arjefm-1231	213	9	results	result	NOUN
arjefm-1231	213	10	of	of	ADP
arjefm-1231	213	11	the	the	DET
arjefm-1231	213	12	panel	panel	NOUN
arjefm-1231	213	13	unit	unit	NOUN
arjefm-1231	213	14	root	root	NOUN
arjefm-1231	213	15	tests	test	NOUN
arjefm-1231	213	16	are	be	AUX
arjefm-1231	213	17	displayed	display	VERB
arjefm-1231	213	18	in	in	ADP
arjefm-1231	213	19	table	table	NOUN
arjefm-1231	213	20	2	2	NUM
arjefm-1231	213	21	.	.	X
arjefm-1231	213	22	two	two	NUM
arjefm-1231	213	23	test	test	NOUN
arjefm-1231	213	24	statistics	statistic	NOUN
arjefm-1231	213	25	are	be	AUX
arjefm-1231	213	26	calculated	calculate	VERB
arjefm-1231	213	27	for	for	ADP
arjefm-1231	213	28	each	each	DET
arjefm-1231	213	29	variable	variable	NOUN
arjefm-1231	213	30	.	.	PUNCT
arjefm-1231	214	1	the	the	DET
arjefm-1231	214	2	results	result	NOUN
arjefm-1231	214	3	show	show	VERB
arjefm-1231	214	4	that	that	SCONJ
arjefm-1231	214	5	all	all	DET
arjefm-1231	214	6	the	the	DET
arjefm-1231	214	7	variables	variable	NOUN
arjefm-1231	214	8	are	be	AUX
arjefm-1231	214	9	stationary	stationary	ADJ
arjefm-1231	214	10	in	in	ADP
arjefm-1231	214	11	the	the	DET
arjefm-1231	214	12	level	level	NOUN
arjefm-1231	214	13	form	form	NOUN
arjefm-1231	214	14	.	.	PUNCT
arjefm-1231	215	1	table	table	NOUN
arjefm-1231	215	2	2	2	NUM
arjefm-1231	215	3	:	:	PUNCT
arjefm-1231	215	4	panel	panel	NOUN
arjefm-1231	215	5	unit	unit	NOUN
arjefm-1231	215	6	root	root	PROPN
arjefm-1231	215	7	test	test	PROPN
arjefm-1231	215	8	llc	llc	PROPN
arjefm-1231	215	9	ips	ips	PROPN
arjefm-1231	215	10	intergration	intergration	PROPN
arjefm-1231	215	11	order	order	NOUN
arjefm-1231	215	12	comments	comment	NOUN
arjefm-1231	215	13	llp	llp	PROPN
arjefm-1231	215	14	-3.4219	-3.4219	PROPN
arjefm-1231	216	1	[	[	X
arjefm-1231	216	2	0.0332	0.0332	NUM
arjefm-1231	216	3	]	]	PUNCT
arjefm-1231	216	4	-8.0231	-8.0231	VERB
arjefm-1231	217	1	[	[	X
arjefm-1231	217	2	0.0000	0.0000	NUM
arjefm-1231	217	3	]	]	X
arjefm-1231	217	4	i	i	PRON
arjefm-1231	217	5	(	(	PUNCT
arjefm-1231	217	6	0	0	X
arjefm-1231	217	7	)	)	PUNCT
arjefm-1231	217	8	stationary	stationary	NOUN
arjefm-1231	217	9	at	at	ADP
arjefm-1231	217	10	the	the	DET
arjefm-1231	217	11	level	level	NOUN
arjefm-1231	217	12	stage	stage	NOUN
arjefm-1231	217	13	grb	grb	NOUN
arjefm-1231	217	14	-2.6849	-2.6849	X
arjefm-1231	218	1	[	[	X
arjefm-1231	218	2	0.0021	0.0021	NUM
arjefm-1231	218	3	]	]	PUNCT
arjefm-1231	218	4	-8.9475	-8.9475	X
arjefm-1231	219	1	[	[	X
arjefm-1231	219	2	0.0000	0.0000	NUM
arjefm-1231	219	3	]	]	X
arjefm-1231	219	4	i	i	PRON
arjefm-1231	219	5	(	(	PUNCT
arjefm-1231	219	6	0	0	X
arjefm-1231	219	7	)	)	PUNCT
arjefm-1231	219	8	stationary	stationary	NOUN
arjefm-1231	219	9	at	at	ADP
arjefm-1231	219	10	the	the	DET
arjefm-1231	219	11	level	level	NOUN
arjefm-1231	219	12	stage	stage	NOUN
arjefm-1231	219	13	roa	roa	NOUN
arjefm-1231	219	14	-3.9482	-3.9482	PROPN
arjefm-1231	220	1	[	[	X
arjefm-1231	220	2	0.0001	0.0001	NUM
arjefm-1231	220	3	]	]	PUNCT
arjefm-1231	220	4	-5.21567	-5.21567	X
arjefm-1231	221	1	[	[	X
arjefm-1231	221	2	0.0000	0.0000	NUM
arjefm-1231	221	3	]	]	X
arjefm-1231	221	4	i	i	PRON
arjefm-1231	221	5	(	(	PUNCT
arjefm-1231	221	6	0	0	X
arjefm-1231	221	7	)	)	PUNCT
arjefm-1231	221	8	stationary	stationary	NOUN
arjefm-1231	221	9	at	at	ADP
arjefm-1231	221	10	the	the	DET
arjefm-1231	221	11	level	level	NOUN
arjefm-1231	221	12	stage	stage	NOUN
arjefm-1231	221	13	llp	llp	PROPN
arjefm-1231	221	14	=	=	PROPN
arjefm-1231	221	15	loan	loan	NOUN
arjefm-1231	221	16	loss	loss	NOUN
arjefm-1231	221	17	provision	provision	NOUN
arjefm-1231	221	18	,	,	PUNCT
arjefm-1231	221	19	grb	grb	NOUN
arjefm-1231	221	20	=	=	PROPN
arjefm-1231	221	21	green	green	ADJ
arjefm-1231	221	22	bond	bond	PROPN
arjefm-1231	221	23	,	,	PUNCT
arjefm-1231	221	24	roa	roa	NOUN
arjefm-1231	221	25	=	=	PUNCT
arjefm-1231	221	26	return	return	NOUN
arjefm-1231	221	27	on	on	ADP
arjefm-1231	221	28	assets	asset	NOUN
arjefm-1231	221	29	3.2.2	3.2.2	NUM
arjefm-1231	221	30	correlation	correlation	NOUN
arjefm-1231	221	31	the	the	DET
arjefm-1231	221	32	correlation	correlation	NOUN
arjefm-1231	221	33	statistic	statistic	NOUN
arjefm-1231	221	34	reveals	reveal	VERB
arjefm-1231	221	35	how	how	SCONJ
arjefm-1231	221	36	linearly	linearly	ADV
arjefm-1231	221	37	related	relate	VERB
arjefm-1231	221	38	two	two	NUM
arjefm-1231	221	39	variables	variable	NOUN
arjefm-1231	221	40	are	be	AUX
arjefm-1231	221	41	(	(	PUNCT
arjefm-1231	221	42	meaning	mean	VERB
arjefm-1231	221	43	they	they	PRON
arjefm-1231	221	44	change	change	VERB
arjefm-1231	221	45	together	together	ADV
arjefm-1231	221	46	at	at	ADP
arjefm-1231	221	47	a	a	DET
arjefm-1231	221	48	constant	constant	ADJ
arjefm-1231	221	49	rate	rate	NOUN
arjefm-1231	221	50	)	)	PUNCT
arjefm-1231	221	51	.	.	PUNCT
arjefm-1231	222	1	it	it	PRON
arjefm-1231	222	2	's	be	AUX
arjefm-1231	222	3	a	a	DET
arjefm-1231	222	4	common	common	ADJ
arjefm-1231	222	5	strategy	strategy	NOUN
arjefm-1231	222	6	for	for	ADP
arjefm-1231	222	7	explaining	explain	VERB
arjefm-1231	222	8	simple	simple	ADJ
arjefm-1231	222	9	relationships	relationship	NOUN
arjefm-1231	222	10	without	without	ADP
arjefm-1231	222	11	specifying	specify	VERB
arjefm-1231	222	12	cause	cause	NOUN
arjefm-1231	222	13	and	and	CCONJ
arjefm-1231	222	14	effect	effect	NOUN
arjefm-1231	222	15	.	.	PUNCT
arjefm-1231	223	1	the	the	DET
arjefm-1231	223	2	sample	sample	NOUN
arjefm-1231	223	3	correlation	correlation	NOUN
arjefm-1231	223	4	coefficient	coefficient	NOUN
arjefm-1231	223	5	quantifies	quantify	VERB
arjefm-1231	223	6	the	the	DET
arjefm-1231	223	7	magnitude	magnitude	NOUN
arjefm-1231	223	8	of	of	ADP
arjefm-1231	223	9	the	the	DET
arjefm-1231	223	10	link	link	NOUN
arjefm-1231	223	11	;	;	PUNCT
arjefm-1231	223	12	however	however	ADV
arjefm-1231	223	13	,	,	PUNCT
arjefm-1231	223	14	correlation	correlation	NOUN
arjefm-1231	223	15	can	can	AUX
arjefm-1231	223	16	not	not	PART
arjefm-1231	223	17	test	test	VERB
arjefm-1231	223	18	for	for	ADP
arjefm-1231	223	19	the	the	DET
arjefm-1231	223	20	existence	existence	NOUN
arjefm-1231	223	21	or	or	CCONJ
arjefm-1231	223	22	impact	impact	NOUN
arjefm-1231	223	23	of	of	ADP
arjefm-1231	223	24	any	any	DET
arjefm-1231	223	25	other	other	ADJ
arjefm-1231	223	26	variables	variable	NOUN
arjefm-1231	223	27	outside	outside	ADP
arjefm-1231	223	28	the	the	DET
arjefm-1231	223	29	two	two	NUM
arjefm-1231	223	30	under	under	ADP
arjefm-1231	223	31	examination	examination	NOUN
arjefm-1231	223	32	.	.	PUNCT
arjefm-1231	224	1	additionally	additionally	ADV
arjefm-1231	224	2	,	,	PUNCT
arjefm-1231	224	3	correlation	correlation	NOUN
arjefm-1231	224	4	reveals	reveal	VERB
arjefm-1231	224	5	nothing	nothing	PRON
arjefm-1231	224	6	about	about	ADP
arjefm-1231	224	7	causation	causation	NOUN
arjefm-1231	224	8	and	and	CCONJ
arjefm-1231	224	9	effect	effect	NOUN
arjefm-1231	224	10	.	.	PUNCT
arjefm-1231	225	1	as	as	ADP
arjefm-1231	225	2	a	a	DET
arjefm-1231	225	3	result	result	NOUN
arjefm-1231	225	4	,	,	PUNCT
arjefm-1231	225	5	for	for	ADP
arjefm-1231	225	6	the	the	DET
arjefm-1231	225	7	variable	variable	NOUN
arjefm-1231	225	8	employed	employ	VERB
arjefm-1231	225	9	in	in	ADP
arjefm-1231	225	10	this	this	DET
arjefm-1231	225	11	inquiry	inquiry	NOUN
arjefm-1231	225	12	,	,	PUNCT
arjefm-1231	225	13	we	we	PRON
arjefm-1231	225	14	have	have	AUX
arjefm-1231	225	15	produced	produce	VERB
arjefm-1231	225	16	the	the	DET
arjefm-1231	225	17	correlation	correlation	NOUN
arjefm-1231	225	18	table	table	NOUN
arjefm-1231	225	19	below	below	ADV
arjefm-1231	225	20	.	.	PUNCT
arjefm-1231	226	1	table	table	NOUN
arjefm-1231	226	2	3	3	NUM
arjefm-1231	226	3	:	:	PUNCT
arjefm-1231	226	4	bivariate	bivariate	ADJ
arjefm-1231	226	5	correlation	correlation	NOUN
arjefm-1231	226	6	of	of	ADP
arjefm-1231	226	7	all	all	DET
arjefm-1231	226	8	the	the	DET
arjefm-1231	226	9	variables	variable	NOUN
arjefm-1231	226	10	correlation	correlation	NOUN
arjefm-1231	226	11	llp	llp	PROPN
arjefm-1231	226	12	grb	grb	PROPN
arjefm-1231	226	13	roa	roa	PROPN
arjefm-1231	226	14	llp	llp	PROPN
arjefm-1231	226	15	1	1	NUM
arjefm-1231	226	16	grb	grb	PROPN
arjefm-1231	226	17	-0.5769	-0.5769	NOUN
arjefm-1231	226	18	1	1	NUM
arjefm-1231	226	19	roa	roa	NOUN
arjefm-1231	226	20	0.6825	0.6825	NUM
arjefm-1231	226	21	0.9984	0.9984	NUM
arjefm-1231	226	22	1	1	NUM
arjefm-1231	226	23	llp	llp	PROPN
arjefm-1231	226	24	=	=	PROPN
arjefm-1231	226	25	loan	loan	NOUN
arjefm-1231	226	26	loss	loss	NOUN
arjefm-1231	226	27	provision	provision	NOUN
arjefm-1231	226	28	,	,	PUNCT
arjefm-1231	226	29	grb	grb	NOUN
arjefm-1231	226	30	=	=	PROPN
arjefm-1231	226	31	green	green	ADJ
arjefm-1231	226	32	bond	bond	PROPN
arjefm-1231	226	33	,	,	PUNCT
arjefm-1231	226	34	roa	roa	NOUN
arjefm-1231	226	35	=	=	PUNCT
arjefm-1231	226	36	return	return	NOUN
arjefm-1231	226	37	on	on	ADP
arjefm-1231	226	38	assets	asset	NOUN
arjefm-1231	226	39	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	226	40	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	227	1	american	american	PROPN
arjefm-1231	227	2	research	research	PROPN
arjefm-1231	227	3	journal	journal	PROPN
arjefm-1231	227	4	of	of	ADP
arjefm-1231	227	5	economics	economic	NOUN
arjefm-1231	227	6	,	,	PUNCT
arjefm-1231	227	7	finance	finance	NOUN
arjefm-1231	227	8	and	and	CCONJ
arjefm-1231	227	9	management	management	NOUN
arjefm-1231	227	10	volume	volume	NOUN
arjefm-1231	227	11	13	13	NUM
arjefm-1231	227	12	issue	issue	NOUN
arjefm-1231	227	13	3	3	NUM
arjefm-1231	227	14	,	,	PUNCT
arjefm-1231	227	15	july	july	PROPN
arjefm-1231	227	16	-	-	PUNCT
arjefm-1231	227	17	september	september	PROPN
arjefm-1231	227	18	2025	2025	NUM
arjefm-1231	227	19	issn	issn	NOUN
arjefm-1231	227	20	:	:	PUNCT
arjefm-1231	227	21	2836	2836	NUM
arjefm-1231	227	22	-	-	SYM
arjefm-1231	227	23	9416	9416	NUM
arjefm-1231	227	24	impact	impact	NOUN
arjefm-1231	227	25	factor	factor	NOUN
arjefm-1231	227	26	:	:	PUNCT
arjefm-1231	227	27	6.41	6.41	NUM
arjefm-1231	227	28	journal	journal	NOUN
arjefm-1231	227	29	homepage	homepage	NOUN
arjefm-1231	227	30	:	:	PUNCT
arjefm-1231	227	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	227	32	email	email	NOUN
arjefm-1231	227	33	:	:	PUNCT
arjefm-1231	227	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	227	35	official	official	ADJ
arjefm-1231	227	36	journal	journal	PROPN
arjefm-1231	227	37	of	of	ADP
arjefm-1231	227	38	america	america	PROPN
arjefm-1231	227	39	serial	serial	PROPN
arjefm-1231	227	40	publication	publication	NOUN
arjefm-1231	227	41	american	american	PROPN
arjefm-1231	227	42	research	research	PROPN
arjefm-1231	227	43	journal	journal	PROPN
arjefm-1231	227	44	of	of	ADP
arjefm-1231	227	45	economics	economic	NOUN
arjefm-1231	227	46	,	,	PUNCT
arjefm-1231	227	47	finance	finance	NOUN
arjefm-1231	227	48	and	and	CCONJ
arjefm-1231	227	49	management	management	NOUN
arjefm-1231	227	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	227	51	,	,	PUNCT
arjefm-1231	227	52	email	email	NOUN
arjefm-1231	227	53	:	:	PUNCT
arjefm-1231	228	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	228	2	49	49	NUM
arjefm-1231	229	1	|	|	ADV
arjefm-1231	229	2	p	p	X
arjefm-1231	229	3	a	a	DET
arjefm-1231	229	4	g	g	NOUN
arjefm-1231	229	5	e	e	NOUN
arjefm-1231	229	6	the	the	DET
arjefm-1231	229	7	above	above	ADJ
arjefm-1231	229	8	table	table	NOUN
arjefm-1231	229	9	4	4	NUM
arjefm-1231	229	10	shows	show	VERB
arjefm-1231	229	11	the	the	DET
arjefm-1231	229	12	bivariate	bivariate	ADJ
arjefm-1231	229	13	correlation	correlation	NOUN
arjefm-1231	229	14	of	of	ADP
arjefm-1231	229	15	the	the	DET
arjefm-1231	229	16	variables	variable	NOUN
arjefm-1231	229	17	under	under	ADP
arjefm-1231	229	18	study	study	NOUN
arjefm-1231	229	19	,	,	PUNCT
arjefm-1231	229	20	it	it	PRON
arjefm-1231	229	21	’s	’	VERB
arjefm-1231	229	22	obvious	obvious	ADJ
arjefm-1231	229	23	that	that	SCONJ
arjefm-1231	229	24	there	there	PRON
arjefm-1231	229	25	is	be	VERB
arjefm-1231	229	26	a	a	DET
arjefm-1231	229	27	degree	degree	NOUN
arjefm-1231	229	28	of	of	ADP
arjefm-1231	229	29	relationship	relationship	NOUN
arjefm-1231	229	30	that	that	PRON
arjefm-1231	229	31	exists	exist	VERB
arjefm-1231	229	32	between	between	ADP
arjefm-1231	229	33	the	the	DET
arjefm-1231	229	34	roa	roa	PROPN
arjefm-1231	229	35	,	,	PUNCT
arjefm-1231	229	36	llp	llp	PROPN
arjefm-1231	229	37	,	,	PUNCT
arjefm-1231	229	38	and	and	CCONJ
arjefm-1231	229	39	grb	grb	PROPN
arjefm-1231	229	40	.	.	PROPN
arjefm-1231	229	41	table	table	NOUN
arjefm-1231	229	42	4	4	NUM
arjefm-1231	229	43	:	:	PUNCT
arjefm-1231	229	44	model	model	NOUN
arjefm-1231	229	45	summary	summary	NOUN
arjefm-1231	229	46	model	model	NOUN
arjefm-1231	229	47	1	1	NUM
arjefm-1231	229	48	(	(	PUNCT
arjefm-1231	229	49	roa	roa	NOUN
arjefm-1231	229	50	)	)	PUNCT
arjefm-1231	229	51	fixed	fix	VERB
arjefm-1231	229	52	effect	effect	NOUN
arjefm-1231	229	53	random	random	ADJ
arjefm-1231	229	54	effect	effect	NOUN
arjefm-1231	229	55	pooled	pool	VERB
arjefm-1231	229	56	ols	ols	PROPN
arjefm-1231	229	57	llp	llp	PROPN
arjefm-1231	229	58	16579.81	16579.81	NUM
arjefm-1231	230	1	[	[	X
arjefm-1231	230	2	0.000	0.000	X
arjefm-1231	230	3	]	]	X
arjefm-1231	231	1	*	*	PUNCT
arjefm-1231	231	2	1025.15	1025.15	NUM
arjefm-1231	232	1	[	[	X
arjefm-1231	232	2	0.006	0.006	NUM
arjefm-1231	232	3	]	]	PUNCT
arjefm-1231	232	4	*	*	PUNCT
arjefm-1231	233	1	1719.091	1719.091	NUM
arjefm-1231	233	2	[	[	X
arjefm-1231	233	3	0.005	0.005	NUM
arjefm-1231	233	4	]	]	X
arjefm-1231	233	5	grb	grb	NOUN
arjefm-1231	233	6	721.4312	721.4312	NUM
arjefm-1231	233	7	[	[	X
arjefm-1231	233	8	0.3012	0.3012	NUM
arjefm-1231	233	9	]	]	PUNCT
arjefm-1231	233	10	-813.624	-813.624	NUM
arjefm-1231	234	1	[	[	X
arjefm-1231	234	2	0.617	0.617	NUM
arjefm-1231	234	3	]	]	PUNCT
arjefm-1231	234	4	-764.023	-764.023	NOUN
arjefm-1231	235	1	[	[	X
arjefm-1231	235	2	0.713	0.713	NUM
arjefm-1231	235	3	]	]	PUNCT
arjefm-1231	235	4	table	table	NOUN
arjefm-1231	235	5	4	4	NUM
arjefm-1231	235	6	clearly	clearly	ADV
arjefm-1231	235	7	states	state	VERB
arjefm-1231	235	8	the	the	DET
arjefm-1231	235	9	coefficients	coefficient	NOUN
arjefm-1231	235	10	and	and	CCONJ
arjefm-1231	235	11	probability	probability	NOUN
arjefm-1231	235	12	values	value	NOUN
arjefm-1231	235	13	for	for	ADP
arjefm-1231	235	14	all	all	DET
arjefm-1231	235	15	the	the	DET
arjefm-1231	235	16	predictor	predictor	NOUN
arjefm-1231	235	17	variables	variable	VERB
arjefm-1231	235	18	for	for	ADP
arjefm-1231	235	19	the	the	DET
arjefm-1231	235	20	different	different	ADJ
arjefm-1231	235	21	models	model	NOUN
arjefm-1231	235	22	.	.	PUNCT
arjefm-1231	236	1	each	each	DET
arjefm-1231	236	2	model	model	NOUN
arjefm-1231	236	3	represents	represent	VERB
arjefm-1231	236	4	a	a	DET
arjefm-1231	236	5	different	different	ADJ
arjefm-1231	236	6	dependent	dependent	ADJ
arjefm-1231	236	7	variable	variable	NOUN
arjefm-1231	236	8	of	of	ADP
arjefm-1231	236	9	interest	interest	NOUN
arjefm-1231	236	10	to	to	ADP
arjefm-1231	236	11	the	the	DET
arjefm-1231	236	12	researcher	researcher	NOUN
arjefm-1231	236	13	;	;	PUNCT
arjefm-1231	236	14	the	the	DET
arjefm-1231	236	15	table	table	NOUN
arjefm-1231	236	16	also	also	ADV
arjefm-1231	236	17	presented	present	VERB
arjefm-1231	236	18	the	the	DET
arjefm-1231	236	19	fixed	fix	VERB
arjefm-1231	236	20	/	/	SYM
arjefm-1231	236	21	random	random	ADJ
arjefm-1231	236	22	effect	effect	NOUN
arjefm-1231	236	23	model	model	NOUN
arjefm-1231	236	24	as	as	ADV
arjefm-1231	236	25	well	well	ADV
arjefm-1231	236	26	as	as	ADP
arjefm-1231	236	27	the	the	DET
arjefm-1231	236	28	pooled	pooled	ADJ
arjefm-1231	236	29	regression	regression	NOUN
arjefm-1231	236	30	.	.	PUNCT
arjefm-1231	237	1	the	the	DET
arjefm-1231	237	2	result	result	NOUN
arjefm-1231	237	3	indicates	indicate	VERB
arjefm-1231	237	4	that	that	SCONJ
arjefm-1231	237	5	for	for	ADP
arjefm-1231	237	6	the	the	DET
arjefm-1231	237	7	models	model	NOUN
arjefm-1231	237	8	only	only	ADV
arjefm-1231	237	9	loan	loan	NOUN
arjefm-1231	237	10	loss	loss	NOUN
arjefm-1231	237	11	provision	provision	NOUN
arjefm-1231	237	12	(	(	PUNCT
arjefm-1231	237	13	llp	llp	PROPN
arjefm-1231	237	14	)	)	PUNCT
arjefm-1231	237	15	with	with	ADP
arjefm-1231	237	16	a	a	DET
arjefm-1231	237	17	coefficient	coefficient	NOUN
arjefm-1231	237	18	of	of	ADP
arjefm-1231	237	19	1025.15	1025.15	NUM
arjefm-1231	237	20	(	(	PUNCT
arjefm-1231	237	21	0.006	0.006	NUM
arjefm-1231	237	22	)	)	PUNCT
arjefm-1231	237	23	was	be	AUX
arjefm-1231	237	24	found	find	VERB
arjefm-1231	237	25	to	to	PART
arjefm-1231	237	26	be	be	AUX
arjefm-1231	237	27	statistically	statistically	ADV
arjefm-1231	237	28	significant	significant	ADJ
arjefm-1231	237	29	at	at	ADP
arjefm-1231	237	30	a	a	DET
arjefm-1231	237	31	5	5	NUM
arjefm-1231	237	32	%	%	NOUN
arjefm-1231	237	33	level	level	NOUN
arjefm-1231	237	34	of	of	ADP
arjefm-1231	237	35	significance	significance	NOUN
arjefm-1231	237	36	.	.	PUNCT
arjefm-1231	238	1	the	the	DET
arjefm-1231	238	2	result	result	NOUN
arjefm-1231	238	3	of	of	ADP
arjefm-1231	238	4	the	the	DET
arjefm-1231	238	5	green	green	ADJ
arjefm-1231	238	6	bond	bond	NOUN
arjefm-1231	238	7	states	state	VERB
arjefm-1231	238	8	that	that	SCONJ
arjefm-1231	238	9	at	at	ADP
arjefm-1231	238	10	a	a	DET
arjefm-1231	238	11	5	5	NUM
arjefm-1231	238	12	%	%	NOUN
arjefm-1231	238	13	level	level	NOUN
arjefm-1231	238	14	of	of	ADP
arjefm-1231	238	15	significance	significance	NOUN
arjefm-1231	238	16	,	,	PUNCT
arjefm-1231	238	17	the	the	DET
arjefm-1231	238	18	green	green	ADJ
arjefm-1231	238	19	bond	bond	NOUN
arjefm-1231	238	20	has	have	AUX
arjefm-1231	238	21	no	no	DET
arjefm-1231	238	22	significant	significant	ADJ
arjefm-1231	238	23	effect	effect	NOUN
arjefm-1231	238	24	on	on	ADP
arjefm-1231	238	25	return	return	NOUN
arjefm-1231	238	26	on	on	ADP
arjefm-1231	238	27	assets	asset	NOUN
arjefm-1231	238	28	having	have	VERB
arjefm-1231	238	29	a	a	DET
arjefm-1231	238	30	coefficient	coefficient	NOUN
arjefm-1231	238	31	of	of	ADP
arjefm-1231	238	32	-813.624	-813.624	NOUN
arjefm-1231	238	33	(	(	PUNCT
arjefm-1231	238	34	0.617	0.617	NUM
arjefm-1231	238	35	)	)	PUNCT
arjefm-1231	238	36	.	.	PUNCT
arjefm-1231	239	1	based	base	VERB
arjefm-1231	239	2	on	on	ADP
arjefm-1231	239	3	the	the	DET
arjefm-1231	239	4	selection	selection	NOUN
arjefm-1231	239	5	criteria	criterion	NOUN
arjefm-1231	239	6	for	for	ADP
arjefm-1231	239	7	choosing	choose	VERB
arjefm-1231	239	8	the	the	DET
arjefm-1231	239	9	model	model	NOUN
arjefm-1231	239	10	between	between	ADP
arjefm-1231	239	11	the	the	DET
arjefm-1231	239	12	fixed	fix	VERB
arjefm-1231	239	13	effect	effect	NOUN
arjefm-1231	239	14	and	and	CCONJ
arjefm-1231	239	15	random	random	ADJ
arjefm-1231	239	16	effect	effect	NOUN
arjefm-1231	239	17	we	we	PRON
arjefm-1231	239	18	made	make	VERB
arjefm-1231	239	19	use	use	NOUN
arjefm-1231	239	20	of	of	ADP
arjefm-1231	239	21	the	the	DET
arjefm-1231	239	22	hausman	hausman	ADJ
arjefm-1231	239	23	test	test	NOUN
arjefm-1231	239	24	in	in	ADP
arjefm-1231	239	25	the	the	DET
arjefm-1231	239	26	below	below	ADJ
arjefm-1231	239	27	table	table	NOUN
arjefm-1231	239	28	5	5	NUM
arjefm-1231	239	29	table	table	NOUN
arjefm-1231	239	30	5	5	NUM
arjefm-1231	239	31	:	:	PUNCT
arjefm-1231	239	32	hausman	hausman	ADJ
arjefm-1231	239	33	test	test	PROPN
arjefm-1231	239	34	model	model	PROPN
arjefm-1231	239	35	test	test	PROPN
arjefm-1231	239	36	cross	cross	NOUN
arjefm-1231	239	37	-	-	ADJ
arjefm-1231	239	38	section	section	ADJ
arjefm-1231	239	39	random	random	ADJ
arjefm-1231	239	40	effect	effect	NOUN
arjefm-1231	239	41	roa	roa	PROPN
arjefm-1231	239	42	1	1	NUM
arjefm-1231	239	43	test	test	NOUN
arjefm-1231	239	44	summary	summary	NOUN
arjefm-1231	239	45	chi	chi	PROPN
arjefm-1231	239	46	-	-	PUNCT
arjefm-1231	239	47	sq	sq	PROPN
arjefm-1231	239	48	.	.	PROPN
arjefm-1231	239	49	statistic	statistic	PROPN
arjefm-1231	239	50	prob	prob	PROPN
arjefm-1231	239	51	cross	cross	NOUN
arjefm-1231	239	52	-	-	NOUN
arjefm-1231	239	53	section	section	ADJ
arjefm-1231	239	54	random	random	ADJ
arjefm-1231	239	55	13.43	13.43	NUM
arjefm-1231	239	56	0.0623	0.0623	NUM
arjefm-1231	240	1	it	it	PRON
arjefm-1231	240	2	’s	’	VERB
arjefm-1231	240	3	notable	notable	ADJ
arjefm-1231	240	4	from	from	ADP
arjefm-1231	240	5	table	table	NOUN
arjefm-1231	240	6	5	5	NUM
arjefm-1231	240	7	above	above	ADP
arjefm-1231	240	8	that	that	SCONJ
arjefm-1231	240	9	we	we	PRON
arjefm-1231	240	10	accept	accept	VERB
arjefm-1231	240	11	the	the	DET
arjefm-1231	240	12	null	null	ADJ
arjefm-1231	240	13	hypothesis	hypothesis	NOUN
arjefm-1231	240	14	of	of	ADP
arjefm-1231	240	15	the	the	DET
arjefm-1231	240	16	hausman	hausman	PROPN
arjefm-1231	240	17	test	test	NOUN
arjefm-1231	240	18	and	and	CCONJ
arjefm-1231	240	19	conclude	conclude	VERB
arjefm-1231	240	20	that	that	SCONJ
arjefm-1231	240	21	the	the	DET
arjefm-1231	240	22	best	good	ADJ
arjefm-1231	240	23	regression	regression	NOUN
arjefm-1231	240	24	model	model	NOUN
arjefm-1231	240	25	to	to	PART
arjefm-1231	240	26	estimate	estimate	VERB
arjefm-1231	240	27	the	the	DET
arjefm-1231	240	28	unobserved	unobserved	ADJ
arjefm-1231	240	29	effect	effect	NOUN
arjefm-1231	240	30	in	in	ADP
arjefm-1231	240	31	models	model	NOUN
arjefm-1231	240	32	1	1	NUM
arjefm-1231	240	33	and	and	CCONJ
arjefm-1231	240	34	2	2	NUM
arjefm-1231	240	35	is	be	AUX
arjefm-1231	240	36	the	the	DET
arjefm-1231	240	37	random	random	ADJ
arjefm-1231	240	38	effect	effect	NOUN
arjefm-1231	240	39	model	model	NOUN
arjefm-1231	240	40	rather	rather	ADV
arjefm-1231	240	41	than	than	ADP
arjefm-1231	240	42	the	the	DET
arjefm-1231	240	43	fixed	fix	VERB
arjefm-1231	240	44	effect	effect	NOUN
arjefm-1231	240	45	model	model	NOUN
arjefm-1231	240	46	.	.	PUNCT
arjefm-1231	241	1	5	5	X
arjefm-1231	241	2	.	.	X
arjefm-1231	241	3	conclusion	conclusion	NOUN
arjefm-1231	241	4	in	in	ADP
arjefm-1231	241	5	conclusion	conclusion	NOUN
arjefm-1231	241	6	,	,	PUNCT
arjefm-1231	241	7	the	the	DET
arjefm-1231	241	8	study	study	NOUN
arjefm-1231	241	9	of	of	ADP
arjefm-1231	241	10	green	green	ADJ
arjefm-1231	241	11	financial	financial	ADJ
arjefm-1231	241	12	management	management	NOUN
arjefm-1231	241	13	practices	practice	NOUN
arjefm-1231	241	14	and	and	CCONJ
arjefm-1231	241	15	their	their	PRON
arjefm-1231	241	16	impact	impact	NOUN
arjefm-1231	241	17	on	on	ADP
arjefm-1231	241	18	corporate	corporate	ADJ
arjefm-1231	241	19	financial	financial	ADJ
arjefm-1231	241	20	performance	performance	NOUN
arjefm-1231	241	21	in	in	ADP
arjefm-1231	241	22	nigeria	nigeria	PROPN
arjefm-1231	241	23	reveals	reveal	VERB
arjefm-1231	241	24	critical	critical	ADJ
arjefm-1231	241	25	insights	insight	NOUN
arjefm-1231	241	26	.	.	PUNCT
arjefm-1231	242	1	loan	loan	NOUN
arjefm-1231	242	2	loss	loss	NOUN
arjefm-1231	242	3	provisions	provision	NOUN
arjefm-1231	242	4	play	play	VERB
arjefm-1231	242	5	a	a	DET
arjefm-1231	242	6	significant	significant	ADJ
arjefm-1231	242	7	role	role	NOUN
arjefm-1231	242	8	in	in	ADP
arjefm-1231	242	9	enhancing	enhance	VERB
arjefm-1231	242	10	financial	financial	ADJ
arjefm-1231	242	11	performance	performance	NOUN
arjefm-1231	242	12	,	,	PUNCT
arjefm-1231	242	13	highlighting	highlight	VERB
arjefm-1231	242	14	the	the	DET
arjefm-1231	242	15	importance	importance	NOUN
arjefm-1231	242	16	of	of	ADP
arjefm-1231	242	17	effective	effective	ADJ
arjefm-1231	242	18	risk	risk	NOUN
arjefm-1231	242	19	management	management	NOUN
arjefm-1231	242	20	within	within	ADP
arjefm-1231	242	21	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	242	22	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	242	23	american	american	PROPN
arjefm-1231	242	24	research	research	PROPN
arjefm-1231	242	25	journal	journal	PROPN
arjefm-1231	242	26	of	of	ADP
arjefm-1231	242	27	economics	economic	NOUN
arjefm-1231	242	28	,	,	PUNCT
arjefm-1231	242	29	finance	finance	NOUN
arjefm-1231	242	30	and	and	CCONJ
arjefm-1231	242	31	management	management	NOUN
arjefm-1231	242	32	volume	volume	NOUN
arjefm-1231	242	33	13	13	NUM
arjefm-1231	242	34	issue	issue	NOUN
arjefm-1231	242	35	3	3	NUM
arjefm-1231	242	36	,	,	PUNCT
arjefm-1231	242	37	july	july	PROPN
arjefm-1231	242	38	-	-	PUNCT
arjefm-1231	242	39	september	september	PROPN
arjefm-1231	242	40	2025	2025	NUM
arjefm-1231	242	41	issn	issn	NOUN
arjefm-1231	242	42	:	:	PUNCT
arjefm-1231	242	43	2836	2836	NUM
arjefm-1231	242	44	-	-	SYM
arjefm-1231	242	45	9416	9416	NUM
arjefm-1231	242	46	impact	impact	NOUN
arjefm-1231	242	47	factor	factor	NOUN
arjefm-1231	242	48	:	:	PUNCT
arjefm-1231	242	49	6.41	6.41	NUM
arjefm-1231	242	50	journal	journal	NOUN
arjefm-1231	242	51	homepage	homepage	NOUN
arjefm-1231	242	52	:	:	PUNCT
arjefm-1231	242	53	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	242	54	email	email	NOUN
arjefm-1231	242	55	:	:	PUNCT
arjefm-1231	242	56	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	242	57	official	official	ADJ
arjefm-1231	242	58	journal	journal	PROPN
arjefm-1231	242	59	of	of	ADP
arjefm-1231	242	60	america	america	PROPN
arjefm-1231	242	61	serial	serial	PROPN
arjefm-1231	242	62	publication	publication	NOUN
arjefm-1231	242	63	american	american	PROPN
arjefm-1231	242	64	research	research	PROPN
arjefm-1231	242	65	journal	journal	PROPN
arjefm-1231	242	66	of	of	ADP
arjefm-1231	242	67	economics	economic	NOUN
arjefm-1231	242	68	,	,	PUNCT
arjefm-1231	242	69	finance	finance	NOUN
arjefm-1231	242	70	and	and	CCONJ
arjefm-1231	242	71	management	management	NOUN
arjefm-1231	242	72	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	242	73	,	,	PUNCT
arjefm-1231	242	74	email	email	NOUN
arjefm-1231	242	75	:	:	PUNCT
arjefm-1231	242	76	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	243	1	50	50	NUM
arjefm-1231	244	1	|	|	ADV
arjefm-1231	244	2	p	p	NOUN
arjefm-1231	244	3	a	a	DET
arjefm-1231	244	4	g	g	NOUN
arjefm-1231	244	5	e	e	NOUN
arjefm-1231	244	6	the	the	DET
arjefm-1231	244	7	corporate	corporate	ADJ
arjefm-1231	244	8	sector	sector	NOUN
arjefm-1231	244	9	.	.	PUNCT
arjefm-1231	245	1	this	this	PRON
arjefm-1231	245	2	suggests	suggest	VERB
arjefm-1231	245	3	that	that	SCONJ
arjefm-1231	245	4	firms	firm	NOUN
arjefm-1231	245	5	that	that	PRON
arjefm-1231	245	6	prioritize	prioritize	VERB
arjefm-1231	245	7	prudent	prudent	ADJ
arjefm-1231	245	8	provisioning	provisioning	NOUN
arjefm-1231	245	9	are	be	AUX
arjefm-1231	245	10	better	well	ADV
arjefm-1231	245	11	positioned	position	VERB
arjefm-1231	245	12	to	to	PART
arjefm-1231	245	13	navigate	navigate	VERB
arjefm-1231	245	14	financial	financial	ADJ
arjefm-1231	245	15	uncertainties	uncertainty	NOUN
arjefm-1231	245	16	and	and	CCONJ
arjefm-1231	245	17	maintain	maintain	VERB
arjefm-1231	245	18	robust	robust	ADJ
arjefm-1231	245	19	performance	performance	NOUN
arjefm-1231	245	20	metrics	metric	NOUN
arjefm-1231	245	21	.	.	PUNCT
arjefm-1231	246	1	conversely	conversely	ADV
arjefm-1231	246	2	,	,	PUNCT
arjefm-1231	246	3	the	the	DET
arjefm-1231	246	4	analysis	analysis	NOUN
arjefm-1231	246	5	indicates	indicate	VERB
arjefm-1231	246	6	that	that	SCONJ
arjefm-1231	246	7	green	green	ADJ
arjefm-1231	246	8	bonds	bond	NOUN
arjefm-1231	246	9	do	do	AUX
arjefm-1231	246	10	not	not	PART
arjefm-1231	246	11	exhibit	exhibit	VERB
arjefm-1231	246	12	a	a	DET
arjefm-1231	246	13	significant	significant	ADJ
arjefm-1231	246	14	effect	effect	NOUN
arjefm-1231	246	15	on	on	ADP
arjefm-1231	246	16	corporate	corporate	ADJ
arjefm-1231	246	17	financial	financial	ADJ
arjefm-1231	246	18	performance	performance	NOUN
arjefm-1231	246	19	in	in	ADP
arjefm-1231	246	20	nigeria	nigeria	PROPN
arjefm-1231	246	21	.	.	PUNCT
arjefm-1231	247	1	this	this	PRON
arjefm-1231	247	2	may	may	AUX
arjefm-1231	247	3	reflect	reflect	VERB
arjefm-1231	247	4	the	the	DET
arjefm-1231	247	5	nascent	nascent	ADJ
arjefm-1231	247	6	stage	stage	NOUN
arjefm-1231	247	7	of	of	ADP
arjefm-1231	247	8	green	green	ADJ
arjefm-1231	247	9	financing	financing	NOUN
arjefm-1231	247	10	in	in	ADP
arjefm-1231	247	11	the	the	DET
arjefm-1231	247	12	region	region	NOUN
arjefm-1231	247	13	,	,	PUNCT
arjefm-1231	247	14	where	where	SCONJ
arjefm-1231	247	15	market	market	NOUN
arjefm-1231	247	16	awareness	awareness	NOUN
arjefm-1231	247	17	and	and	CCONJ
arjefm-1231	247	18	investor	investor	NOUN
arjefm-1231	247	19	confidence	confidence	NOUN
arjefm-1231	247	20	in	in	ADP
arjefm-1231	247	21	such	such	ADJ
arjefm-1231	247	22	instruments	instrument	NOUN
arjefm-1231	247	23	are	be	AUX
arjefm-1231	247	24	still	still	ADV
arjefm-1231	247	25	developing	develop	VERB
arjefm-1231	247	26	.	.	PUNCT
arjefm-1231	248	1	as	as	SCONJ
arjefm-1231	248	2	the	the	DET
arjefm-1231	248	3	green	green	PROPN
arjefm-1231	248	4	finance	finance	NOUN
arjefm-1231	248	5	landscape	landscape	NOUN
arjefm-1231	248	6	evolves	evolve	VERB
arjefm-1231	248	7	,	,	PUNCT
arjefm-1231	248	8	companies	company	NOUN
arjefm-1231	248	9	need	need	VERB
arjefm-1231	248	10	to	to	PART
arjefm-1231	248	11	explore	explore	VERB
arjefm-1231	248	12	innovative	innovative	ADJ
arjefm-1231	248	13	approaches	approach	NOUN
arjefm-1231	248	14	to	to	PART
arjefm-1231	248	15	integrate	integrate	VERB
arjefm-1231	248	16	sustainability	sustainability	NOUN
arjefm-1231	248	17	into	into	ADP
arjefm-1231	248	18	their	their	PRON
arjefm-1231	248	19	financial	financial	ADJ
arjefm-1231	248	20	frameworks	framework	NOUN
arjefm-1231	248	21	effectively	effectively	ADV
arjefm-1231	248	22	.	.	PUNCT
arjefm-1231	249	1	overall	overall	ADV
arjefm-1231	249	2	,	,	PUNCT
arjefm-1231	249	3	while	while	SCONJ
arjefm-1231	249	4	loan	loan	NOUN
arjefm-1231	249	5	loss	loss	NOUN
arjefm-1231	249	6	provisions	provision	NOUN
arjefm-1231	249	7	are	be	AUX
arjefm-1231	249	8	critical	critical	ADJ
arjefm-1231	249	9	for	for	ADP
arjefm-1231	249	10	financial	financial	ADJ
arjefm-1231	249	11	stability	stability	NOUN
arjefm-1231	249	12	and	and	CCONJ
arjefm-1231	249	13	performance	performance	NOUN
arjefm-1231	249	14	,	,	PUNCT
arjefm-1231	249	15	the	the	DET
arjefm-1231	249	16	limited	limited	ADJ
arjefm-1231	249	17	impact	impact	NOUN
arjefm-1231	249	18	of	of	ADP
arjefm-1231	249	19	green	green	ADJ
arjefm-1231	249	20	bonds	bond	NOUN
arjefm-1231	249	21	underscores	underscore	VERB
arjefm-1231	249	22	the	the	DET
arjefm-1231	249	23	need	need	NOUN
arjefm-1231	249	24	for	for	ADP
arjefm-1231	249	25	a	a	DET
arjefm-1231	249	26	more	more	ADV
arjefm-1231	249	27	supportive	supportive	ADJ
arjefm-1231	249	28	regulatory	regulatory	ADJ
arjefm-1231	249	29	environment	environment	NOUN
arjefm-1231	249	30	and	and	CCONJ
arjefm-1231	249	31	enhanced	enhance	VERB
arjefm-1231	249	32	market	market	NOUN
arjefm-1231	249	33	education	education	NOUN
arjefm-1231	249	34	to	to	PART
arjefm-1231	249	35	leverage	leverage	VERB
arjefm-1231	249	36	green	green	ADJ
arjefm-1231	249	37	finance	finance	NOUN
arjefm-1231	249	38	's	's	PART
arjefm-1231	249	39	full	full	ADJ
arjefm-1231	249	40	potential	potential	NOUN
arjefm-1231	249	41	in	in	ADP
arjefm-1231	249	42	nigeria	nigeria	PROPN
arjefm-1231	249	43	.	.	PUNCT
arjefm-1231	250	1	the	the	DET
arjefm-1231	250	2	study	study	NOUN
arjefm-1231	250	3	concludes	conclude	VERB
arjefm-1231	250	4	that	that	SCONJ
arjefm-1231	250	5	green	green	ADJ
arjefm-1231	250	6	financial	financial	ADJ
arjefm-1231	250	7	management	management	NOUN
arjefm-1231	250	8	practice	practice	NOUN
arjefm-1231	250	9	has	have	VERB
arjefm-1231	250	10	a	a	DET
arjefm-1231	250	11	significant	significant	ADJ
arjefm-1231	250	12	effect	effect	NOUN
arjefm-1231	250	13	on	on	ADP
arjefm-1231	250	14	corporate	corporate	ADJ
arjefm-1231	250	15	financial	financial	ADJ
arjefm-1231	250	16	performance	performance	NOUN
arjefm-1231	250	17	in	in	ADP
arjefm-1231	250	18	nigeria	nigeria	PROPN
arjefm-1231	250	19	.	.	PUNCT
arjefm-1231	251	1	recommendations	recommendation	NOUN
arjefm-1231	251	2	based	base	VERB
arjefm-1231	251	3	on	on	ADP
arjefm-1231	251	4	the	the	DET
arjefm-1231	251	5	findings	finding	NOUN
arjefm-1231	251	6	regarding	regard	VERB
arjefm-1231	251	7	the	the	DET
arjefm-1231	251	8	effect	effect	NOUN
arjefm-1231	251	9	of	of	ADP
arjefm-1231	251	10	green	green	ADJ
arjefm-1231	251	11	financial	financial	ADJ
arjefm-1231	251	12	management	management	NOUN
arjefm-1231	251	13	practices	practice	NOUN
arjefm-1231	251	14	on	on	ADP
arjefm-1231	251	15	corporate	corporate	ADJ
arjefm-1231	251	16	financial	financial	ADJ
arjefm-1231	251	17	performance	performance	NOUN
arjefm-1231	251	18	in	in	ADP
arjefm-1231	251	19	nigeria	nigeria	PROPN
arjefm-1231	251	20	,	,	PUNCT
arjefm-1231	251	21	the	the	DET
arjefm-1231	251	22	following	follow	VERB
arjefm-1231	251	23	recommendations	recommendation	NOUN
arjefm-1231	251	24	are	be	AUX
arjefm-1231	251	25	proposed	propose	VERB
arjefm-1231	251	26	:	:	PUNCT
arjefm-1231	251	27	i.	i.	PROPN
arjefm-1231	251	28	corporations	corporation	NOUN
arjefm-1231	251	29	should	should	AUX
arjefm-1231	251	30	prioritize	prioritize	VERB
arjefm-1231	251	31	the	the	DET
arjefm-1231	251	32	establishment	establishment	NOUN
arjefm-1231	251	33	and	and	CCONJ
arjefm-1231	251	34	maintenance	maintenance	NOUN
arjefm-1231	251	35	of	of	ADP
arjefm-1231	251	36	robust	robust	ADJ
arjefm-1231	251	37	loan	loan	NOUN
arjefm-1231	251	38	loss	loss	NOUN
arjefm-1231	251	39	provisioning	provision	VERB
arjefm-1231	251	40	frameworks	framework	NOUN
arjefm-1231	251	41	.	.	PUNCT
arjefm-1231	252	1	this	this	PRON
arjefm-1231	252	2	will	will	AUX
arjefm-1231	252	3	not	not	PART
arjefm-1231	252	4	only	only	ADV
arjefm-1231	252	5	mitigate	mitigate	VERB
arjefm-1231	252	6	financial	financial	ADJ
arjefm-1231	252	7	risks	risk	NOUN
arjefm-1231	252	8	but	but	CCONJ
arjefm-1231	252	9	also	also	ADV
arjefm-1231	252	10	contribute	contribute	VERB
arjefm-1231	252	11	to	to	ADP
arjefm-1231	252	12	improved	improve	VERB
arjefm-1231	252	13	financial	financial	ADJ
arjefm-1231	252	14	performance	performance	NOUN
arjefm-1231	252	15	.	.	PUNCT
arjefm-1231	253	1	regular	regular	ADJ
arjefm-1231	253	2	training	training	NOUN
arjefm-1231	253	3	and	and	CCONJ
arjefm-1231	253	4	updates	update	NOUN
arjefm-1231	253	5	on	on	ADP
arjefm-1231	253	6	best	good	ADJ
arjefm-1231	253	7	practices	practice	NOUN
arjefm-1231	253	8	in	in	ADP
arjefm-1231	253	9	risk	risk	NOUN
arjefm-1231	253	10	management	management	NOUN
arjefm-1231	253	11	should	should	AUX
arjefm-1231	253	12	be	be	AUX
arjefm-1231	253	13	implemented	implement	VERB
arjefm-1231	253	14	to	to	PART
arjefm-1231	253	15	ensure	ensure	VERB
arjefm-1231	253	16	that	that	SCONJ
arjefm-1231	253	17	financial	financial	ADJ
arjefm-1231	253	18	teams	team	NOUN
arjefm-1231	253	19	are	be	AUX
arjefm-1231	253	20	well	well	ADV
arjefm-1231	253	21	-	-	PUNCT
arjefm-1231	253	22	equipped	equip	VERB
arjefm-1231	253	23	to	to	PART
arjefm-1231	253	24	handle	handle	VERB
arjefm-1231	253	25	loan	loan	NOUN
arjefm-1231	253	26	provisions	provision	NOUN
arjefm-1231	253	27	effectively	effectively	ADV
arjefm-1231	253	28	.	.	PUNCT
arjefm-1231	254	1	ii	ii	X
arjefm-1231	254	2	.	.	PUNCT
arjefm-1231	255	1	to	to	PART
arjefm-1231	255	2	improve	improve	VERB
arjefm-1231	255	3	the	the	DET
arjefm-1231	255	4	impact	impact	NOUN
arjefm-1231	255	5	of	of	ADP
arjefm-1231	255	6	green	green	ADJ
arjefm-1231	255	7	bonds	bond	NOUN
arjefm-1231	255	8	on	on	ADP
arjefm-1231	255	9	corporate	corporate	ADJ
arjefm-1231	255	10	financial	financial	ADJ
arjefm-1231	255	11	performance	performance	NOUN
arjefm-1231	255	12	,	,	PUNCT
arjefm-1231	255	13	it	it	PRON
arjefm-1231	255	14	is	be	AUX
arjefm-1231	255	15	essential	essential	ADJ
arjefm-1231	255	16	to	to	PART
arjefm-1231	255	17	enhance	enhance	VERB
arjefm-1231	255	18	awareness	awareness	NOUN
arjefm-1231	255	19	and	and	CCONJ
arjefm-1231	255	20	understanding	understanding	NOUN
arjefm-1231	255	21	of	of	ADP
arjefm-1231	255	22	these	these	DET
arjefm-1231	255	23	instruments	instrument	NOUN
arjefm-1231	255	24	among	among	ADP
arjefm-1231	255	25	corporate	corporate	ADJ
arjefm-1231	255	26	managers	manager	NOUN
arjefm-1231	255	27	and	and	CCONJ
arjefm-1231	255	28	investors	investor	NOUN
arjefm-1231	255	29	.	.	PUNCT
arjefm-1231	256	1	educational	educational	ADJ
arjefm-1231	256	2	programs	program	NOUN
arjefm-1231	256	3	and	and	CCONJ
arjefm-1231	256	4	workshops	workshop	NOUN
arjefm-1231	256	5	can	can	AUX
arjefm-1231	256	6	help	help	VERB
arjefm-1231	256	7	stakeholders	stakeholder	NOUN
arjefm-1231	256	8	recognize	recognize	VERB
arjefm-1231	256	9	the	the	DET
arjefm-1231	256	10	potential	potential	ADJ
arjefm-1231	256	11	benefits	benefit	NOUN
arjefm-1231	256	12	and	and	CCONJ
arjefm-1231	256	13	opportunities	opportunity	NOUN
arjefm-1231	256	14	presented	present	VERB
arjefm-1231	256	15	by	by	ADP
arjefm-1231	256	16	green	green	ADJ
arjefm-1231	256	17	financing	financing	NOUN
arjefm-1231	256	18	.	.	PUNCT
arjefm-1231	257	1	references	reference	NOUN
arjefm-1231	257	2	akins	akins	PROPN
arjefm-1231	257	3	,	,	PUNCT
arjefm-1231	257	4	b.	b.	NOUN
arjefm-1231	257	5	,	,	PUNCT
arjefm-1231	257	6	dou	dou	PROPN
arjefm-1231	257	7	,	,	PUNCT
arjefm-1231	257	8	y.	y.	NOUN
arjefm-1231	257	9	,	,	PUNCT
arjefm-1231	257	10	and	and	CCONJ
arjefm-1231	257	11	ng	ng	PROPN
arjefm-1231	257	12	,	,	PUNCT
arjefm-1231	257	13	j.	j.	PROPN
arjefm-1231	257	14	(	(	PUNCT
arjefm-1231	257	15	2017	2017	NUM
arjefm-1231	257	16	)	)	PUNCT
arjefm-1231	257	17	.	.	PUNCT
arjefm-1231	258	1	corruption	corruption	NOUN
arjefm-1231	258	2	in	in	ADP
arjefm-1231	258	3	bank	bank	NOUN
arjefm-1231	258	4	lending	lending	NOUN
arjefm-1231	258	5	:	:	PUNCT
arjefm-1231	258	6	the	the	DET
arjefm-1231	258	7	role	role	NOUN
arjefm-1231	258	8	of	of	ADP
arjefm-1231	258	9	timely	timely	ADJ
arjefm-1231	258	10	loan	loan	NOUN
arjefm-1231	258	11	loss	loss	NOUN
arjefm-1231	258	12	recognition	recognition	NOUN
arjefm-1231	258	13	.	.	PUNCT
arjefm-1231	259	1	journal	journal	NOUN
arjefm-1231	259	2	of	of	ADP
arjefm-1231	259	3	accounting	accounting	NOUN
arjefm-1231	259	4	and	and	CCONJ
arjefm-1231	259	5	economics	economic	NOUN
arjefm-1231	259	6	,	,	PUNCT
arjefm-1231	259	7	63(2	63(2	NOUN
arjefm-1231	259	8	-	-	PUNCT
arjefm-1231	259	9	3	3	NUM
arjefm-1231	259	10	)	)	PUNCT
arjefm-1231	259	11	,	,	PUNCT
arjefm-1231	259	12	454	454	NUM
arjefm-1231	259	13	-	-	SYM
arjefm-1231	259	14	478	478	NUM
arjefm-1231	259	15	.	.	PUNCT
arjefm-1231	260	1	andreeva	andreeva	VERB
arjefm-1231	260	2	,	,	PUNCT
arjefm-1231	260	3	o.	o.	PROPN
arjefm-1231	260	4	v.	v.	PROPN
arjefm-1231	260	5	,	,	PUNCT
arjefm-1231	260	6	vovchenko	vovchenko	ADJ
arjefm-1231	260	7	,	,	PUNCT
arjefm-1231	260	8	n.	n.	PROPN
arjefm-1231	260	9	g.	g.	PROPN
arjefm-1231	260	10	,	,	PUNCT
arjefm-1231	260	11	ivanova	ivanova	PROPN
arjefm-1231	260	12	,	,	PUNCT
arjefm-1231	260	13	o.	o.	PROPN
arjefm-1231	260	14	b.	b.	PROPN
arjefm-1231	260	15	and	and	CCONJ
arjefm-1231	260	16	kostoglodova	kostoglodova	PROPN
arjefm-1231	260	17	,	,	PUNCT
arjefm-1231	260	18	e.	e.	PROPN
arjefm-1231	260	19	d.	d.	PROPN
arjefm-1231	260	20	(	(	PUNCT
arjefm-1231	260	21	2018	2018	NUM
arjefm-1231	260	22	)	)	PUNCT
arjefm-1231	260	23	.	.	PUNCT
arjefm-1231	261	1	green	green	ADJ
arjefm-1231	261	2	finance	finance	PROPN
arjefm-1231	261	3	:	:	PUNCT
arjefm-1231	261	4	trends	trend	NOUN
arjefm-1231	261	5	and	and	CCONJ
arjefm-1231	261	6	financial	financial	ADJ
arjefm-1231	261	7	regulation	regulation	NOUN
arjefm-1231	261	8	prospects	prospect	NOUN
arjefm-1231	261	9	.	.	PUNCT
arjefm-1231	262	1	in	in	ADP
arjefm-1231	262	2	contemporary	contemporary	ADJ
arjefm-1231	262	3	issues	issue	NOUN
arjefm-1231	262	4	in	in	ADP
arjefm-1231	262	5	business	business	NOUN
arjefm-1231	262	6	and	and	CCONJ
arjefm-1231	262	7	financial	financial	ADJ
arjefm-1231	262	8	management	management	NOUN
arjefm-1231	262	9	in	in	ADP
arjefm-1231	262	10	eastern	eastern	PROPN
arjefm-1231	262	11	europe	europe	PROPN
arjefm-1231	262	12	(	(	PUNCT
arjefm-1231	262	13	pp	pp	ADJ
arjefm-1231	262	14	.	.	PUNCT
arjefm-1231	263	1	9	9	NUM
arjefm-1231	263	2	-	-	SYM
arjefm-1231	263	3	17	17	NUM
arjefm-1231	263	4	)	)	PUNCT
arjefm-1231	263	5	.	.	PUNCT
arjefm-1231	264	1	emerald	emerald	PROPN
arjefm-1231	264	2	publishing	publishing	PROPN
arjefm-1231	264	3	limited	limit	VERB
arjefm-1231	264	4	.	.	PUNCT
arjefm-1231	265	1	banga	banga	PROPN
arjefm-1231	265	2	,	,	PUNCT
arjefm-1231	265	3	j.	j.	PROPN
arjefm-1231	265	4	(	(	PUNCT
arjefm-1231	265	5	2019	2019	NUM
arjefm-1231	265	6	)	)	PUNCT
arjefm-1231	265	7	.	.	PUNCT
arjefm-1231	266	1	the	the	DET
arjefm-1231	266	2	green	green	ADJ
arjefm-1231	266	3	bond	bond	NOUN
arjefm-1231	266	4	market	market	NOUN
arjefm-1231	266	5	:	:	PUNCT
arjefm-1231	266	6	a	a	DET
arjefm-1231	266	7	potential	potential	ADJ
arjefm-1231	266	8	source	source	NOUN
arjefm-1231	266	9	of	of	ADP
arjefm-1231	266	10	climate	climate	NOUN
arjefm-1231	266	11	finance	finance	NOUN
arjefm-1231	266	12	for	for	ADP
arjefm-1231	266	13	developing	develop	VERB
arjefm-1231	266	14	countries	country	NOUN
arjefm-1231	266	15	.	.	PUNCT
arjefm-1231	267	1	journal	journal	NOUN
arjefm-1231	267	2	of	of	ADP
arjefm-1231	267	3	sustainable	sustainable	ADJ
arjefm-1231	267	4	finance	finance	NOUN
arjefm-1231	267	5	&	&	CCONJ
arjefm-1231	267	6	investment	investment	NOUN
arjefm-1231	267	7	,	,	PUNCT
arjefm-1231	267	8	9(1	9(1	NUM
arjefm-1231	267	9	)	)	PUNCT
arjefm-1231	267	10	,	,	PUNCT
arjefm-1231	267	11	17	17	NUM
arjefm-1231	267	12	-	-	SYM
arjefm-1231	267	13	32	32	NUM
arjefm-1231	267	14	.	.	PUNCT
arjefm-1231	268	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	268	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	269	1	american	american	PROPN
arjefm-1231	269	2	research	research	PROPN
arjefm-1231	269	3	journal	journal	PROPN
arjefm-1231	269	4	of	of	ADP
arjefm-1231	269	5	economics	economic	NOUN
arjefm-1231	269	6	,	,	PUNCT
arjefm-1231	269	7	finance	finance	NOUN
arjefm-1231	269	8	and	and	CCONJ
arjefm-1231	269	9	management	management	NOUN
arjefm-1231	269	10	volume	volume	NOUN
arjefm-1231	269	11	13	13	NUM
arjefm-1231	269	12	issue	issue	NOUN
arjefm-1231	269	13	3	3	NUM
arjefm-1231	269	14	,	,	PUNCT
arjefm-1231	269	15	july	july	PROPN
arjefm-1231	269	16	-	-	PUNCT
arjefm-1231	269	17	september	september	PROPN
arjefm-1231	269	18	2025	2025	NUM
arjefm-1231	269	19	issn	issn	NOUN
arjefm-1231	269	20	:	:	PUNCT
arjefm-1231	269	21	2836	2836	NUM
arjefm-1231	269	22	-	-	SYM
arjefm-1231	269	23	9416	9416	NUM
arjefm-1231	269	24	impact	impact	NOUN
arjefm-1231	269	25	factor	factor	NOUN
arjefm-1231	269	26	:	:	PUNCT
arjefm-1231	269	27	6.41	6.41	NUM
arjefm-1231	269	28	journal	journal	NOUN
arjefm-1231	269	29	homepage	homepage	NOUN
arjefm-1231	269	30	:	:	PUNCT
arjefm-1231	269	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	269	32	email	email	NOUN
arjefm-1231	269	33	:	:	PUNCT
arjefm-1231	269	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	269	35	official	official	ADJ
arjefm-1231	269	36	journal	journal	PROPN
arjefm-1231	269	37	of	of	ADP
arjefm-1231	269	38	america	america	PROPN
arjefm-1231	269	39	serial	serial	PROPN
arjefm-1231	269	40	publication	publication	NOUN
arjefm-1231	269	41	american	american	PROPN
arjefm-1231	269	42	research	research	PROPN
arjefm-1231	269	43	journal	journal	PROPN
arjefm-1231	269	44	of	of	ADP
arjefm-1231	269	45	economics	economic	NOUN
arjefm-1231	269	46	,	,	PUNCT
arjefm-1231	269	47	finance	finance	NOUN
arjefm-1231	269	48	and	and	CCONJ
arjefm-1231	269	49	management	management	NOUN
arjefm-1231	269	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	269	51	,	,	PUNCT
arjefm-1231	269	52	email	email	NOUN
arjefm-1231	269	53	:	:	PUNCT
arjefm-1231	269	54	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	270	1	51	51	NUM
arjefm-1231	271	1	|	|	ADV
arjefm-1231	271	2	p	p	NOUN
arjefm-1231	271	3	a	a	DET
arjefm-1231	271	4	g	g	NOUN
arjefm-1231	271	5	e	e	PROPN
arjefm-1231	271	6	byrd	byrd	PROPN
arjefm-1231	271	7	,	,	PUNCT
arjefm-1231	271	8	j.	j.	PROPN
arjefm-1231	271	9	,	,	PUNCT
arjefm-1231	271	10	and	and	CCONJ
arjefm-1231	271	11	cooperman	cooperman	PROPN
arjefm-1231	271	12	.	.	PUNCT
arjefm-1231	272	1	e.	e.	PROPN
arjefm-1231	272	2	s.	s.	PROPN
arjefm-1231	272	3	(	(	PUNCT
arjefm-1231	272	4	2018	2018	NUM
arjefm-1231	272	5	)	)	PUNCT
arjefm-1231	272	6	.	.	PUNCT
arjefm-1231	273	1	“	"	PUNCT
arjefm-1231	273	2	investors	investor	NOUN
arjefm-1231	273	3	and	and	CCONJ
arjefm-1231	273	4	stranded	strand	VERB
arjefm-1231	273	5	asset	asset	NOUN
arjefm-1231	273	6	risk	risk	NOUN
arjefm-1231	273	7	:	:	PUNCT
arjefm-1231	273	8	evidence	evidence	NOUN
arjefm-1231	273	9	from	from	ADP
arjefm-1231	273	10	shareholder	shareholder	NOUN
arjefm-1231	273	11	responses	response	NOUN
arjefm-1231	273	12	to	to	ADP
arjefm-1231	273	13	carbon	carbon	NOUN
arjefm-1231	273	14	capture	capture	NOUN
arjefm-1231	273	15	and	and	CCONJ
arjefm-1231	273	16	sequestration	sequestration	NOUN
arjefm-1231	273	17	(	(	PUNCT
arjefm-1231	273	18	ccs	ccs	NOUN
arjefm-1231	273	19	)	)	PUNCT
arjefm-1231	273	20	events	event	NOUN
arjefm-1231	273	21	.	.	PUNCT
arjefm-1231	273	22	”	"	PUNCT
arjefm-1231	273	23	journal	journal	NOUN
arjefm-1231	273	24	of	of	ADP
arjefm-1231	273	25	sustainable	sustainable	ADJ
arjefm-1231	273	26	finance	finance	NOUN
arjefm-1231	273	27	&	&	CCONJ
arjefm-1231	273	28	investment	investment	NOUN
arjefm-1231	273	29	8	8	NUM
arjefm-1231	273	30	(	(	PUNCT
arjefm-1231	273	31	2	2	NUM
arjefm-1231	273	32	):	):	PUNCT
arjefm-1231	273	33	185–202	185–202	NUM
arjefm-1231	273	34	.	.	PUNCT
arjefm-1231	274	1	https://doi.org/10.1080/20430795.2017.1418063	https://doi.org/10.1080/20430795.2017.1418063	PROPN
arjefm-1231	274	2	.	.	PUNCT
arjefm-1231	275	1	caldecott	caldecott	PROPN
arjefm-1231	275	2	,	,	PUNCT
arjefm-1231	275	3	b.	b.	PROPN
arjefm-1231	275	4	(	(	PUNCT
arjefm-1231	275	5	2017	2017	NUM
arjefm-1231	275	6	)	)	PUNCT
arjefm-1231	275	7	.	.	PUNCT
arjefm-1231	276	1	“	"	PUNCT
arjefm-1231	276	2	introduction	introduction	NOUN
arjefm-1231	276	3	to	to	ADP
arjefm-1231	276	4	special	special	ADJ
arjefm-1231	276	5	issue	issue	NOUN
arjefm-1231	276	6	:	:	PUNCT
arjefm-1231	276	7	stranded	strand	VERB
arjefm-1231	276	8	assets	asset	NOUN
arjefm-1231	276	9	and	and	CCONJ
arjefm-1231	276	10	the	the	DET
arjefm-1231	276	11	environment	environment	NOUN
arjefm-1231	276	12	.	.	PUNCT
arjefm-1231	276	13	”	"	PUNCT
arjefm-1231	277	1	journal	journal	NOUN
arjefm-1231	277	2	of	of	ADP
arjefm-1231	277	3	sustainable	sustainable	ADJ
arjefm-1231	277	4	finance	finance	NOUN
arjefm-1231	277	5	&	&	CCONJ
arjefm-1231	277	6	investment	investment	NOUN
arjefm-1231	277	7	7	7	NUM
arjefm-1231	277	8	(	(	PUNCT
arjefm-1231	277	9	1	1	NUM
arjefm-1231	277	10	):	):	PUNCT
arjefm-1231	277	11	1–13	1–13	NOUN
arjefm-1231	277	12	.	.	PUNCT
arjefm-1231	278	1	https://doi.org/10.1080/20430795.2016.1266748	https://doi.org/10.1080/20430795.2016.1266748	PROPN
arjefm-1231	278	2	.	.	PUNCT
arjefm-1231	279	1	hachenberg	hachenberg	PROPN
arjefm-1231	279	2	,	,	PUNCT
arjefm-1231	279	3	b.	b.	PROPN
arjefm-1231	279	4	,	,	PUNCT
arjefm-1231	279	5	&	&	CCONJ
arjefm-1231	279	6	schiereck	schiereck	PROPN
arjefm-1231	279	7	,	,	PUNCT
arjefm-1231	279	8	d.	d.	PROPN
arjefm-1231	279	9	(	(	PUNCT
arjefm-1231	279	10	2018	2018	NUM
arjefm-1231	279	11	)	)	PUNCT
arjefm-1231	279	12	.	.	PUNCT
arjefm-1231	279	13	are	be	AUX
arjefm-1231	279	14	green	green	ADJ
arjefm-1231	279	15	bonds	bond	NOUN
arjefm-1231	279	16	priced	price	VERB
arjefm-1231	279	17	differently	differently	ADV
arjefm-1231	279	18	from	from	ADP
arjefm-1231	279	19	conventional	conventional	ADJ
arjefm-1231	279	20	bonds	bond	NOUN
arjefm-1231	279	21	?	?	PUNCT
arjefm-1231	279	22	.	.	PUNCT
arjefm-1231	280	1	journal	journal	PROPN
arjefm-1231	280	2	of	of	ADP
arjefm-1231	280	3	asset	asset	NOUN
arjefm-1231	280	4	management	management	NOUN
arjefm-1231	280	5	,	,	PUNCT
arjefm-1231	280	6	19	19	NUM
arjefm-1231	280	7	,	,	PUNCT
arjefm-1231	280	8	371	371	NUM
arjefm-1231	280	9	-	-	SYM
arjefm-1231	280	10	383	383	NUM
arjefm-1231	280	11	.	.	PUNCT
arjefm-1231	281	1	jensen	jensen	PROPN
arjefm-1231	281	2	,	,	PUNCT
arjefm-1231	281	3	michael	michael	PROPN
arjefm-1231	281	4	&	&	CCONJ
arjefm-1231	281	5	smith	smith	PROPN
arjefm-1231	281	6	,	,	PUNCT
arjefm-1231	281	7	clifford	clifford	PROPN
arjefm-1231	281	8	.	.	PUNCT
arjefm-1231	282	1	(	(	PUNCT
arjefm-1231	282	2	2001	2001	NUM
arjefm-1231	282	3	)	)	PUNCT
arjefm-1231	282	4	.	.	PUNCT
arjefm-1231	283	1	the	the	DET
arjefm-1231	283	2	theory	theory	NOUN
arjefm-1231	283	3	of	of	ADP
arjefm-1231	283	4	corporate	corporate	ADJ
arjefm-1231	283	5	finance	finance	NOUN
arjefm-1231	283	6	:	:	PUNCT
arjefm-1231	283	7	a	a	DET
arjefm-1231	283	8	historical	historical	ADJ
arjefm-1231	283	9	overview	overview	NOUN
arjefm-1231	283	10	.	.	PUNCT
arjefm-1231	284	1	(	(	PUNCT
arjefm-1231	284	2	new	new	PROPN
arjefm-1231	284	3	york	york	PROPN
arjefm-1231	284	4	:	:	PUNCT
arjefm-1231	284	5	mcgraw	mcgraw	PROPN
arjefm-1231	284	6	-	-	PUNCT
arjefm-1231	284	7	hill	hill	PROPN
arjefm-1231	284	8	inc	inc	PROPN
arjefm-1231	284	9	.	.	PROPN
arjefm-1231	284	10	,	,	PUNCT
arjefm-1231	284	11	1984	1984	NUM
arjefm-1231	284	12	)	)	PUNCT
arjefm-1231	284	13	pp	pp	ADP
arjefm-1231	284	14	.	.	PUNCT
arjefm-1231	285	1	2	2	NUM
arjefm-1231	285	2	-	-	SYM
arjefm-1231	285	3	20	20	NUM
arjefm-1231	285	4	kajola	kajola	NOUN
arjefm-1231	285	5	,	,	PUNCT
arjefm-1231	285	6	s.	s.	PROPN
arjefm-1231	285	7	o.	o.	PROPN
arjefm-1231	285	8	,	,	PUNCT
arjefm-1231	285	9	sanyaolu	sanyaolu	PROPN
arjefm-1231	285	10	,	,	PUNCT
arjefm-1231	285	11	w.	w.	PROPN
arjefm-1231	285	12	a.	a.	PROPN
arjefm-1231	285	13	,	,	PUNCT
arjefm-1231	285	14	alao	alao	PROPN
arjefm-1231	285	15	,	,	PUNCT
arjefm-1231	285	16	a.	a.	PROPN
arjefm-1231	285	17	&	&	CCONJ
arjefm-1231	285	18	ojunrongbe	ojunrongbe	PROPN
arjefm-1231	285	19	,	,	PUNCT
arjefm-1231	285	20	o.	o.	PROPN
arjefm-1231	285	21	j.	j.	PROPN
arjefm-1231	285	22	(	(	PUNCT
arjefm-1231	285	23	2020	2020	NUM
arjefm-1231	285	24	)	)	PUNCT
arjefm-1231	285	25	.	.	PUNCT
arjefm-1231	286	1	liquidity	liquidity	NOUN
arjefm-1231	286	2	and	and	CCONJ
arjefm-1231	286	3	profitability	profitability	NOUN
arjefm-1231	286	4	dynamics	dynamic	NOUN
arjefm-1231	286	5	:	:	PUNCT
arjefm-1231	286	6	evidence	evidence	NOUN
arjefm-1231	286	7	from	from	ADP
arjefm-1231	286	8	the	the	DET
arjefm-1231	286	9	nigerian	nigerian	ADJ
arjefm-1231	286	10	banking	banking	NOUN
arjefm-1231	286	11	sector	sector	NOUN
arjefm-1231	286	12	.	.	PUNCT
arjefm-1231	287	1	accounting	accounting	NOUN
arjefm-1231	287	2	and	and	CCONJ
arjefm-1231	287	3	taxation	taxation	NOUN
arjefm-1231	287	4	review	review	NOUN
arjefm-1231	287	5	,	,	PUNCT
arjefm-1231	287	6	3(2	3(2	NUM
arjefm-1231	287	7	)	)	PUNCT
arjefm-1231	287	8	,	,	PUNCT
arjefm-1231	287	9	112	112	NUM
arjefm-1231	287	10	.	.	PUNCT
arjefm-1231	288	1	küçükbay	küçükbay	PROPN
arjefm-1231	288	2	,	,	PUNCT
arjefm-1231	288	3	f.	f.	PROPN
arjefm-1231	288	4	,	,	PUNCT
arjefm-1231	288	5	&	&	CCONJ
arjefm-1231	288	6	sürücü	sürücü	PROPN
arjefm-1231	288	7	,	,	PUNCT
arjefm-1231	288	8	e.	e.	PROPN
arjefm-1231	288	9	(	(	PUNCT
arjefm-1231	288	10	2019	2019	NUM
arjefm-1231	288	11	)	)	PUNCT
arjefm-1231	288	12	.	.	PUNCT
arjefm-1231	289	1	corporate	corporate	ADJ
arjefm-1231	289	2	sustainability	sustainability	NOUN
arjefm-1231	289	3	performance	performance	NOUN
arjefm-1231	289	4	measurement	measurement	NOUN
arjefm-1231	289	5	based	base	VERB
arjefm-1231	289	6	on	on	ADP
arjefm-1231	289	7	a	a	DET
arjefm-1231	289	8	new	new	ADJ
arjefm-1231	289	9	multicriteria	multicriteria	NOUN
arjefm-1231	289	10	sorting	sorting	NOUN
arjefm-1231	289	11	method	method	NOUN
arjefm-1231	289	12	.	.	PUNCT
arjefm-1231	290	1	journal	journal	NOUN
arjefm-1231	290	2	of	of	ADP
arjefm-1231	290	3	corporate	corporate	ADJ
arjefm-1231	290	4	social	social	ADJ
arjefm-1231	290	5	responsibility	responsibility	NOUN
arjefm-1231	290	6	and	and	CCONJ
arjefm-1231	290	7	environmental	environmental	ADJ
arjefm-1231	290	8	management	management	NOUN
arjefm-1231	290	9	,	,	PUNCT
arjefm-1231	290	10	26(3	26(3	NUM
arjefm-1231	290	11	)	)	PUNCT
arjefm-1231	290	12	,	,	PUNCT
arjefm-1231	290	13	664–680	664–680	NUM
arjefm-1231	290	14	.	.	PUNCT
arjefm-1231	291	1	meng	meng	PROPN
arjefm-1231	291	2	,	,	PUNCT
arjefm-1231	291	3	x.	x.	NOUN
arjefm-1231	291	4	and	and	CCONJ
arjefm-1231	291	5	shaikh	shaikh	PROPN
arjefm-1231	291	6	,	,	PUNCT
arjefm-1231	291	7	g.	g.	PROPN
arjefm-1231	291	8	m.	m.	PROPN
arjefm-1231	291	9	(	(	PUNCT
arjefm-1231	291	10	2023	2023	NUM
arjefm-1231	291	11	)	)	PUNCT
arjefm-1231	291	12	.	.	PUNCT
arjefm-1231	292	1	evaluating	evaluate	VERB
arjefm-1231	292	2	environmental	environmental	ADJ
arjefm-1231	292	3	,	,	PUNCT
arjefm-1231	292	4	social	social	ADJ
arjefm-1231	292	5	,	,	PUNCT
arjefm-1231	292	6	and	and	CCONJ
arjefm-1231	292	7	governance	governance	NOUN
arjefm-1231	292	8	criteria	criterion	NOUN
arjefm-1231	292	9	and	and	CCONJ
arjefm-1231	292	10	green	green	ADJ
arjefm-1231	292	11	finance	finance	NOUN
arjefm-1231	292	12	investment	investment	NOUN
arjefm-1231	292	13	strategies	strategy	NOUN
arjefm-1231	292	14	using	use	VERB
arjefm-1231	292	15	fuzzy	fuzzy	ADJ
arjefm-1231	292	16	ahp	ahp	NOUN
arjefm-1231	292	17	and	and	CCONJ
arjefm-1231	292	18	fuzzy	fuzzy	ADJ
arjefm-1231	292	19	waspas	waspa	NOUN
arjefm-1231	292	20	.	.	PUNCT
arjefm-1231	293	1	sustainability	sustainability	NOUN
arjefm-1231	293	2	,	,	PUNCT
arjefm-1231	293	3	15(8):6786	15(8):6786	NUM
arjefm-1231	293	4	.	.	PUNCT
arjefm-1231	293	5	https://doi.org/10.3390/su15086786	https://doi.org/10.3390/su15086786	X
arjefm-1231	293	6	molina‐azorín	molina‐azorín	PROPN
arjefm-1231	293	7	,	,	PUNCT
arjefm-1231	293	8	j.	j.	PROPN
arjefm-1231	293	9	f.	f.	PROPN
arjefm-1231	293	10	,	,	PUNCT
arjefm-1231	293	11	claver‐cortés	claver‐cortés	PROPN
arjefm-1231	293	12	,	,	PUNCT
arjefm-1231	293	13	e.	e.	PROPN
arjefm-1231	293	14	,	,	PUNCT
arjefm-1231	293	15	lópez‐gamero	lópez‐gamero	PROPN
arjefm-1231	293	16	,	,	PUNCT
arjefm-1231	293	17	m.	m.	NOUN
arjefm-1231	293	18	d.	d.	PROPN
arjefm-1231	293	19	,	,	PUNCT
arjefm-1231	293	20	&	&	CCONJ
arjefm-1231	293	21	tarí	tarí	PROPN
arjefm-1231	293	22	,	,	PUNCT
arjefm-1231	293	23	j.	j.	PROPN
arjefm-1231	293	24	j.	j.	PROPN
arjefm-1231	293	25	(	(	PUNCT
arjefm-1231	293	26	2009	2009	NUM
arjefm-1231	293	27	)	)	PUNCT
arjefm-1231	293	28	.	.	PUNCT
arjefm-1231	294	1	green	green	ADJ
arjefm-1231	294	2	management	management	PROPN
arjefm-1231	294	3	and	and	CCONJ
arjefm-1231	294	4	financial	financial	ADJ
arjefm-1231	294	5	performance	performance	NOUN
arjefm-1231	294	6	:	:	PUNCT
arjefm-1231	294	7	a	a	DET
arjefm-1231	294	8	literature	literature	NOUN
arjefm-1231	294	9	review	review	NOUN
arjefm-1231	294	10	.	.	PUNCT
arjefm-1231	295	1	management	management	NOUN
arjefm-1231	295	2	decision	decision	NOUN
arjefm-1231	295	3	,	,	PUNCT
arjefm-1231	295	4	47(7	47(7	NOUN
arjefm-1231	295	5	)	)	PUNCT
arjefm-1231	295	6	,	,	PUNCT
arjefm-1231	295	7	1080	1080	NUM
arjefm-1231	295	8	-	-	SYM
arjefm-1231	295	9	1100	1100	NUM
arjefm-1231	295	10	.	.	PUNCT
arjefm-1231	296	1	ng	ng	PROPN
arjefm-1231	296	2	,	,	PUNCT
arjefm-1231	296	3	j.	j.	PROPN
arjefm-1231	296	4	,	,	PUNCT
arjefm-1231	296	5	saffar	saffar	PROPN
arjefm-1231	296	6	,	,	PUNCT
arjefm-1231	296	7	w.	w.	PROPN
arjefm-1231	296	8	,	,	PUNCT
arjefm-1231	296	9	&	&	CCONJ
arjefm-1231	296	10	zhang	zhang	PROPN
arjefm-1231	296	11	,	,	PUNCT
arjefm-1231	296	12	j.	j.	PROPN
arjefm-1231	296	13	j.	j.	PROPN
arjefm-1231	296	14	(	(	PUNCT
arjefm-1231	296	15	2020	2020	NUM
arjefm-1231	296	16	)	)	PUNCT
arjefm-1231	296	17	.	.	PUNCT
arjefm-1231	297	1	policy	policy	NOUN
arjefm-1231	297	2	uncertainty	uncertainty	NOUN
arjefm-1231	297	3	and	and	CCONJ
arjefm-1231	297	4	loan	loan	NOUN
arjefm-1231	297	5	loss	loss	NOUN
arjefm-1231	297	6	provisions	provision	NOUN
arjefm-1231	297	7	in	in	ADP
arjefm-1231	297	8	the	the	DET
arjefm-1231	297	9	banking	banking	NOUN
arjefm-1231	297	10	industry	industry	NOUN
arjefm-1231	297	11	.	.	PUNCT
arjefm-1231	298	1	review	review	NOUN
arjefm-1231	298	2	of	of	ADP
arjefm-1231	298	3	accounting	accounting	NOUN
arjefm-1231	298	4	studies	study	NOUN
arjefm-1231	298	5	,	,	PUNCT
arjefm-1231	298	6	25	25	NUM
arjefm-1231	298	7	,	,	PUNCT
arjefm-1231	298	8	726	726	NUM
arjefm-1231	298	9	-	-	SYM
arjefm-1231	298	10	777	777	NUM
arjefm-1231	298	11	.	.	PUNCT
arjefm-1231	299	1	park	park	PROPN
arjefm-1231	299	2	,	,	PUNCT
arjefm-1231	299	3	h.	h.	PROPN
arjefm-1231	299	4	and	and	CCONJ
arjefm-1231	299	5	kim	kim	PROPN
arjefm-1231	299	6	,	,	PUNCT
arjefm-1231	299	7	j.d	j.d	PROPN
arjefm-1231	299	8	.	.	PROPN
arjefm-1231	299	9	(	(	PUNCT
arjefm-1231	299	10	2020	2020	NUM
arjefm-1231	299	11	)	)	PUNCT
arjefm-1231	299	12	.	.	PUNCT
arjefm-1231	300	1	transition	transition	NOUN
arjefm-1231	300	2	towards	towards	ADP
arjefm-1231	300	3	green	green	ADJ
arjefm-1231	300	4	banking	banking	NOUN
arjefm-1231	300	5	:	:	PUNCT
arjefm-1231	300	6	role	role	NOUN
arjefm-1231	300	7	of	of	ADP
arjefm-1231	300	8	financial	financial	ADJ
arjefm-1231	300	9	regulators	regulator	NOUN
arjefm-1231	300	10	and	and	CCONJ
arjefm-1231	300	11	financial	financial	ADJ
arjefm-1231	300	12	institutions	institution	NOUN
arjefm-1231	300	13	.	.	PUNCT
arjefm-1231	301	1	ajssr	ajssr	PROPN
arjefm-1231	301	2	5	5	NUM
arjefm-1231	301	3	,	,	PUNCT
arjefm-1231	301	4	5	5	NUM
arjefm-1231	301	5	.	.	NOUN
arjefm-1231	301	6	https://doi.org/10.1186/s41180-020-00034-3	https://doi.org/10.1186/s41180-020-00034-3	NUM
arjefm-1231	301	7	pool	pool	NOUN
arjefm-1231	301	8	,	,	PUNCT
arjefm-1231	301	9	s.	s.	PROPN
arjefm-1231	301	10	,	,	PUNCT
arjefm-1231	301	11	de	de	PROPN
arjefm-1231	301	12	haan	haan	PROPN
arjefm-1231	301	13	,	,	PUNCT
arjefm-1231	301	14	l.	l.	PROPN
arjefm-1231	301	15	,	,	PUNCT
arjefm-1231	301	16	&	&	CCONJ
arjefm-1231	301	17	jacobs	jacobs	PROPN
arjefm-1231	301	18	,	,	PUNCT
arjefm-1231	301	19	j.	j.	PROPN
arjefm-1231	301	20	p.	p.	PROPN
arjefm-1231	301	21	(	(	PUNCT
arjefm-1231	301	22	2015	2015	NUM
arjefm-1231	301	23	)	)	PUNCT
arjefm-1231	301	24	.	.	PUNCT
arjefm-1231	302	1	loan	loan	NOUN
arjefm-1231	302	2	loss	loss	NOUN
arjefm-1231	302	3	provisioning	provisioning	NOUN
arjefm-1231	302	4	,	,	PUNCT
arjefm-1231	302	5	bank	bank	NOUN
arjefm-1231	302	6	credit	credit	NOUN
arjefm-1231	302	7	and	and	CCONJ
arjefm-1231	302	8	the	the	DET
arjefm-1231	302	9	real	real	ADJ
arjefm-1231	302	10	economy	economy	NOUN
arjefm-1231	302	11	.	.	PUNCT
arjefm-1231	303	1	journal	journal	PROPN
arjefm-1231	303	2	of	of	ADP
arjefm-1231	303	3	macroeconomics	macroeconomic	NOUN
arjefm-1231	303	4	,	,	PUNCT
arjefm-1231	303	5	45	45	NUM
arjefm-1231	303	6	,	,	PUNCT
arjefm-1231	303	7	124	124	NUM
arjefm-1231	303	8	-	-	SYM
arjefm-1231	303	9	136	136	NUM
arjefm-1231	303	10	.	.	PUNCT
arjefm-1231	304	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	304	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1231	305	1	american	american	PROPN
arjefm-1231	305	2	research	research	PROPN
arjefm-1231	305	3	journal	journal	PROPN
arjefm-1231	305	4	of	of	ADP
arjefm-1231	305	5	economics	economic	NOUN
arjefm-1231	305	6	,	,	PUNCT
arjefm-1231	305	7	finance	finance	NOUN
arjefm-1231	305	8	and	and	CCONJ
arjefm-1231	305	9	management	management	NOUN
arjefm-1231	305	10	volume	volume	NOUN
arjefm-1231	305	11	13	13	NUM
arjefm-1231	305	12	issue	issue	NOUN
arjefm-1231	305	13	3	3	NUM
arjefm-1231	305	14	,	,	PUNCT
arjefm-1231	305	15	july	july	PROPN
arjefm-1231	305	16	-	-	PUNCT
arjefm-1231	305	17	september	september	PROPN
arjefm-1231	305	18	2025	2025	NUM
arjefm-1231	305	19	issn	issn	NOUN
arjefm-1231	305	20	:	:	PUNCT
arjefm-1231	305	21	2836	2836	NUM
arjefm-1231	305	22	-	-	SYM
arjefm-1231	305	23	9416	9416	NUM
arjefm-1231	305	24	impact	impact	NOUN
arjefm-1231	305	25	factor	factor	NOUN
arjefm-1231	305	26	:	:	PUNCT
arjefm-1231	305	27	6.41	6.41	NUM
arjefm-1231	305	28	journal	journal	NOUN
arjefm-1231	305	29	homepage	homepage	NOUN
arjefm-1231	305	30	:	:	PUNCT
arjefm-1231	305	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1231	305	32	email	email	NOUN
arjefm-1231	305	33	:	:	PUNCT
arjefm-1231	305	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1231	305	35	official	official	ADJ
arjefm-1231	305	36	journal	journal	PROPN
arjefm-1231	305	37	of	of	ADP
arjefm-1231	305	38	america	america	PROPN
arjefm-1231	305	39	serial	serial	PROPN
arjefm-1231	305	40	publication	publication	NOUN
arjefm-1231	305	41	american	american	PROPN
arjefm-1231	305	42	research	research	PROPN
arjefm-1231	305	43	journal	journal	PROPN
arjefm-1231	305	44	of	of	ADP
arjefm-1231	305	45	economics	economic	NOUN
arjefm-1231	305	46	,	,	PUNCT
arjefm-1231	305	47	finance	finance	NOUN
arjefm-1231	305	48	and	and	CCONJ
arjefm-1231	305	49	management	management	NOUN
arjefm-1231	305	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1231	305	51	,	,	PUNCT
arjefm-1231	305	52	email	email	NOUN
arjefm-1231	305	53	:	:	PUNCT
arjefm-1231	306	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1231	306	2	52	52	NUM
arjefm-1231	307	1	|	|	ADV
arjefm-1231	307	2	p	p	X
arjefm-1231	307	3	a	a	DET
arjefm-1231	307	4	g	g	PROPN
arjefm-1231	307	5	e	e	PROPN
arjefm-1231	307	6	schoenmaker	schoenmaker	PROPN
arjefm-1231	307	7	,	,	PUNCT
arjefm-1231	307	8	d.	d.	PROPN
arjefm-1231	307	9	2017	2017	NUM
arjefm-1231	307	10	.	.	PUNCT
arjefm-1231	308	1	investing	invest	VERB
arjefm-1231	308	2	for	for	ADP
arjefm-1231	308	3	the	the	DET
arjefm-1231	308	4	common	common	ADJ
arjefm-1231	308	5	good	good	NOUN
arjefm-1231	308	6	:	:	PUNCT
arjefm-1231	308	7	a	a	DET
arjefm-1231	308	8	sustainable	sustainable	ADJ
arjefm-1231	308	9	finance	finance	NOUN
arjefm-1231	308	10	framework	framework	NOUN
arjefm-1231	308	11	.	.	PUNCT
arjefm-1231	309	1	bruegel	bruegel	NOUN
arjefm-1231	309	2	.	.	PUNCT
arjefm-1231	310	1	http://bruegel.org/2017/07/investing-for-the-common-good-a-sustainablefinance-framework/	http://bruegel.org/2017/07/investing-for-the-common-good-a-sustainablefinance-framework/	PROPN
arjefm-1231	310	2	shishlov	shishlov	PROPN
arjefm-1231	310	3	,	,	PUNCT
arjefm-1231	310	4	i.	i.	NOUN
arjefm-1231	310	5	,	,	PUNCT
arjefm-1231	310	6	morel	morel	PROPN
arjefm-1231	310	7	,	,	PUNCT
arjefm-1231	310	8	r.	r.	PROPN
arjefm-1231	310	9	and	and	CCONJ
arjefm-1231	310	10	cochran	cochran	PROPN
arjefm-1231	310	11	,	,	PUNCT
arjefm-1231	310	12	i.	i.	NOUN
arjefm-1231	310	13	(	(	PUNCT
arjefm-1231	310	14	2016	2016	NUM
arjefm-1231	310	15	)	)	PUNCT
arjefm-1231	310	16	.	.	PUNCT
arjefm-1231	311	1	beyond	beyond	ADP
arjefm-1231	311	2	transparency	transparency	NOUN
arjefm-1231	311	3	:	:	PUNCT
arjefm-1231	311	4	unlocking	unlock	VERB
arjefm-1231	311	5	the	the	DET
arjefm-1231	311	6	full	full	ADJ
arjefm-1231	311	7	potential	potential	NOUN
arjefm-1231	311	8	of	of	ADP
arjefm-1231	311	9	green	green	ADJ
arjefm-1231	311	10	bonds	bond	NOUN
arjefm-1231	311	11	.	.	PUNCT
arjefm-1231	312	1	paris	paris	PROPN
arjefm-1231	312	2	:	:	PUNCT
arjefm-1231	312	3	institute	institute	VERB
arjefm-1231	312	4	for	for	ADP
arjefm-1231	312	5	climate	climate	NOUN
arjefm-1231	312	6	economics	economic	NOUN
arjefm-1231	312	7	.	.	PUNCT
arjefm-1231	313	1	https://www.i4ce.org/wp-core/wpcontent/uploads/2016/06/i4ce_green_bonds.pdf	https://www.i4ce.org/wp-core/wpcontent/uploads/2016/06/i4ce_green_bonds.pdf	PROPN
arjefm-1231	313	2	.	.	PUNCT
arjefm-1231	314	1	srivastava	srivastava	PROPN
arjefm-1231	314	2	,	,	PUNCT
arjefm-1231	314	3	a.	a.	PROPN
arjefm-1231	314	4	k.	k.	PROPN
arjefm-1231	314	5	,	,	PUNCT
arjefm-1231	314	6	dharwal	dharwal	NOUN
arjefm-1231	314	7	,	,	PUNCT
arjefm-1231	314	8	m.	m.	NOUN
arjefm-1231	314	9	,	,	PUNCT
arjefm-1231	314	10	&	&	CCONJ
arjefm-1231	314	11	sharma	sharma	PROPN
arjefm-1231	314	12	,	,	PUNCT
arjefm-1231	314	13	a.	a.	NOUN
arjefm-1231	314	14	(	(	PUNCT
arjefm-1231	314	15	2022	2022	NUM
arjefm-1231	314	16	)	)	PUNCT
arjefm-1231	314	17	.	.	PUNCT
arjefm-1231	315	1	green	green	ADJ
arjefm-1231	315	2	financial	financial	ADJ
arjefm-1231	315	3	initiatives	initiative	NOUN
arjefm-1231	315	4	for	for	ADP
arjefm-1231	315	5	sustainable	sustainable	ADJ
arjefm-1231	315	6	economic	economic	ADJ
arjefm-1231	315	7	growth	growth	NOUN
arjefm-1231	315	8	:	:	PUNCT
arjefm-1231	315	9	a	a	DET
arjefm-1231	315	10	literature	literature	NOUN
arjefm-1231	315	11	review	review	NOUN
arjefm-1231	315	12	.	.	PUNCT
arjefm-1231	316	1	materials	material	NOUN
arjefm-1231	316	2	today	today	NOUN
arjefm-1231	316	3	:	:	PUNCT
arjefm-1231	316	4	proceedings	proceeding	NOUN
arjefm-1231	316	5	,	,	PUNCT
arjefm-1231	316	6	49	49	NUM
arjefm-1231	316	7	,	,	PUNCT
arjefm-1231	316	8	3615	3615	NUM
arjefm-1231	316	9	-	-	SYM
arjefm-1231	316	10	3618	3618	NUM
arjefm-1231	316	11	.	.	PUNCT
arjefm-1231	317	1	tian	tian	PROPN
arjefm-1231	317	2	,	,	PUNCT
arjefm-1231	317	3	l.	l.	PROPN
arjefm-1231	317	4	,	,	PUNCT
arjefm-1231	317	5	&	&	CCONJ
arjefm-1231	317	6	estrin	estrin	PROPN
arjefm-1231	317	7	,	,	PUNCT
arjefm-1231	317	8	s.	s.	PROPN
arjefm-1231	317	9	(	(	PUNCT
arjefm-1231	317	10	2008	2008	NUM
arjefm-1231	317	11	)	)	PUNCT
arjefm-1231	317	12	.	.	PUNCT
arjefm-1231	318	1	retained	retain	VERB
arjefm-1231	318	2	state	state	NOUN
arjefm-1231	318	3	shareholding	shareholding	NOUN
arjefm-1231	318	4	in	in	ADP
arjefm-1231	318	5	chinese	chinese	PROPN
arjefm-1231	318	6	plcs	plcs	PROPN
arjefm-1231	318	7	:	:	PUNCT
arjefm-1231	318	8	does	do	AUX
arjefm-1231	318	9	government	government	NOUN
arjefm-1231	318	10	ownership	ownership	NOUN
arjefm-1231	318	11	always	always	ADV
arjefm-1231	318	12	reduce	reduce	VERB
arjefm-1231	318	13	corporate	corporate	ADJ
arjefm-1231	318	14	value	value	NOUN
arjefm-1231	318	15	?	?	PUNCT
arjefm-1231	319	1	journal	journal	NOUN
arjefm-1231	319	2	of	of	ADP
arjefm-1231	319	3	comparative	comparative	ADJ
arjefm-1231	319	4	economics	economic	NOUN
arjefm-1231	319	5	,	,	PUNCT
arjefm-1231	319	6	36(1	36(1	NUM
arjefm-1231	319	7	)	)	PUNCT
arjefm-1231	319	8	,	,	PUNCT
arjefm-1231	319	9	74–89	74–89	NUM
arjefm-1231	319	10	.	.	PUNCT
arjefm-1231	320	1	tien	tien	PROPN
arjefm-1231	320	2	,	,	PUNCT
arjefm-1231	320	3	n.	n.	PROPN
arjefm-1231	320	4	h.	h.	PROPN
arjefm-1231	320	5	,	,	PUNCT
arjefm-1231	320	6	anh	anh	PROPN
arjefm-1231	320	7	,	,	PUNCT
arjefm-1231	320	8	d.	d.	PROPN
arjefm-1231	320	9	b.	b.	PROPN
arjefm-1231	320	10	h.	h.	PROPN
arjefm-1231	320	11	,	,	PUNCT
arjefm-1231	320	12	&	&	CCONJ
arjefm-1231	320	13	ngoc	ngoc	PROPN
arjefm-1231	320	14	,	,	PUNCT
arjefm-1231	320	15	n.	n.	PROPN
arjefm-1231	320	16	m.	m.	NOUN
arjefm-1231	320	17	(	(	PUNCT
arjefm-1231	320	18	2020	2020	NUM
arjefm-1231	320	19	)	)	PUNCT
arjefm-1231	320	20	.	.	PUNCT
arjefm-1231	321	1	corporate	corporate	ADJ
arjefm-1231	321	2	financial	financial	ADJ
arjefm-1231	321	3	performance	performance	NOUN
arjefm-1231	321	4	due	due	ADP
arjefm-1231	321	5	to	to	ADP
arjefm-1231	321	6	sustainable	sustainable	ADJ
arjefm-1231	321	7	development	development	NOUN
arjefm-1231	321	8	in	in	ADP
arjefm-1231	321	9	vietnam	vietnam	PROPN
arjefm-1231	321	10	.	.	PUNCT
arjefm-1231	322	1	corporate	corporate	ADJ
arjefm-1231	322	2	social	social	ADJ
arjefm-1231	322	3	responsibility	responsibility	NOUN
arjefm-1231	322	4	and	and	CCONJ
arjefm-1231	322	5	environmental	environmental	ADJ
arjefm-1231	322	6	management	management	NOUN
arjefm-1231	322	7	,	,	PUNCT
arjefm-1231	322	8	27(2	27(2	NUM
arjefm-1231	322	9	)	)	PUNCT
arjefm-1231	322	10	,	,	PUNCT
arjefm-1231	322	11	694	694	NUM
arjefm-1231	322	12	-	-	SYM
arjefm-1231	322	13	705	705	NUM
arjefm-1231	322	14	.	.	PUNCT
arjefm-1231	323	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1231	323	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X