id	sid	tid	token	lemma	pos
arjefm-81	1	1	american	american	PROPN
arjefm-81	1	2	research	research	PROPN
arjefm-81	1	3	journal	journal	PROPN
arjefm-81	1	4	of	of	ADP
arjefm-81	1	5	economics	economic	NOUN
arjefm-81	1	6	,	,	PUNCT
arjefm-81	1	7	finance	finance	NOUN
arjefm-81	1	8	and	and	CCONJ
arjefm-81	1	9	management	management	NOUN
arjefm-81	1	10	volume	volume	NOUN
arjefm-81	1	11	11	11	NUM
arjefm-81	1	12	issue	issue	NOUN
arjefm-81	1	13	2	2	NUM
arjefm-81	1	14	,	,	PUNCT
arjefm-81	1	15	april	april	PROPN
arjefm-81	1	16	-	-	PUNCT
arjefm-81	1	17	june	june	PROPN
arjefm-81	1	18	2023	2023	NUM
arjefm-81	1	19	issn	issn	PROPN
arjefm-81	1	20	:	:	PUNCT
arjefm-81	1	21	2836	2836	NUM
arjefm-81	1	22	-	-	SYM
arjefm-81	1	23	9416	9416	NUM
arjefm-81	1	24	impact	impact	NOUN
arjefm-81	1	25	factor	factor	NOUN
arjefm-81	1	26	:	:	PUNCT
arjefm-81	1	27	5.57	5.57	NUM
arjefm-81	1	28	journal	journal	NOUN
arjefm-81	1	29	homepage	homepage	NOUN
arjefm-81	1	30	:	:	PUNCT
arjefm-81	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	1	32	,	,	PUNCT
arjefm-81	1	33	email	email	NOUN
arjefm-81	1	34	:	:	PUNCT
arjefm-81	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	1	36	official	official	ADJ
arjefm-81	1	37	journal	journal	PROPN
arjefm-81	1	38	of	of	ADP
arjefm-81	1	39	america	america	PROPN
arjefm-81	1	40	serial	serial	PROPN
arjefm-81	1	41	publication	publication	NOUN
arjefm-81	1	42	american	american	PROPN
arjefm-81	1	43	research	research	PROPN
arjefm-81	1	44	journal	journal	PROPN
arjefm-81	1	45	of	of	ADP
arjefm-81	1	46	economics	economic	NOUN
arjefm-81	1	47	,	,	PUNCT
arjefm-81	1	48	finance	finance	NOUN
arjefm-81	1	49	and	and	CCONJ
arjefm-81	1	50	management	management	NOUN
arjefm-81	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	1	52	,	,	PUNCT
arjefm-81	1	53	email	email	NOUN
arjefm-81	1	54	:	:	PUNCT
arjefm-81	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	2	1	40	40	NUM
arjefm-81	3	1	|	|	ADV
arjefm-81	3	2	p	p	X
arjefm-81	3	3	a	a	DET
arjefm-81	3	4	g	g	NOUN
arjefm-81	3	5	e	e	NOUN
arjefm-81	3	6	analyzing	analyze	VERB
arjefm-81	3	7	the	the	DET
arjefm-81	3	8	impact	impact	NOUN
arjefm-81	3	9	of	of	ADP
arjefm-81	3	10	bank	bank	NOUN
arjefm-81	3	11	capitalization	capitalization	NOUN
arjefm-81	3	12	on	on	ADP
arjefm-81	3	13	profitability	profitability	NOUN
arjefm-81	3	14	in	in	ADP
arjefm-81	3	15	nigeria	nigeria	PROPN
arjefm-81	3	16	adeola	adeola	PROPN
arjefm-81	3	17	ogunjimi	ogunjimi	PROPN
arjefm-81	3	18	brickfield	brickfield	PROPN
arjefm-81	3	19	road	road	PROPN
arjefm-81	3	20	associates	associate	NOUN
arjefm-81	3	21	limited	limit	VERB
arjefm-81	3	22	.	.	PUNCT
arjefm-81	4	1	16	16	NUM
arjefm-81	4	2	,	,	PUNCT
arjefm-81	4	3	akin	akin	ADJ
arjefm-81	4	4	adesola	adesola	PROPN
arjefm-81	4	5	street	street	PROPN
arjefm-81	4	6	victoria	victoria	PROPN
arjefm-81	4	7	island	island	PROPN
arjefm-81	4	8	,	,	PUNCT
arjefm-81	4	9	lagos	lagos	PROPN
arjefm-81	4	10	,	,	PUNCT
arjefm-81	4	11	nigeria	nigeria	PROPN
arjefm-81	4	12	.	.	PUNCT
arjefm-81	5	1	abstract	abstract	ADJ
arjefm-81	5	2	:	:	PUNCT
arjefm-81	5	3	the	the	DET
arjefm-81	5	4	profitability	profitability	NOUN
arjefm-81	5	5	of	of	ADP
arjefm-81	5	6	commercial	commercial	ADJ
arjefm-81	5	7	banks	bank	NOUN
arjefm-81	5	8	is	be	AUX
arjefm-81	5	9	of	of	ADP
arjefm-81	5	10	paramount	paramount	ADJ
arjefm-81	5	11	importance	importance	NOUN
arjefm-81	5	12	to	to	ADP
arjefm-81	5	13	the	the	DET
arjefm-81	5	14	overall	overall	ADJ
arjefm-81	5	15	health	health	NOUN
arjefm-81	5	16	and	and	CCONJ
arjefm-81	5	17	vitality	vitality	NOUN
arjefm-81	5	18	of	of	ADP
arjefm-81	5	19	an	an	DET
arjefm-81	5	20	economy	economy	NOUN
arjefm-81	5	21	.	.	PUNCT
arjefm-81	6	1	this	this	DET
arjefm-81	6	2	study	study	NOUN
arjefm-81	6	3	delves	delve	VERB
arjefm-81	6	4	into	into	ADP
arjefm-81	6	5	the	the	DET
arjefm-81	6	6	determinants	determinant	NOUN
arjefm-81	6	7	of	of	ADP
arjefm-81	6	8	bank	bank	NOUN
arjefm-81	6	9	profitability	profitability	NOUN
arjefm-81	6	10	in	in	ADP
arjefm-81	6	11	nigeria	nigeria	PROPN
arjefm-81	6	12	,	,	PUNCT
arjefm-81	6	13	particularly	particularly	ADV
arjefm-81	6	14	after	after	ADP
arjefm-81	6	15	a	a	DET
arjefm-81	6	16	significant	significant	ADJ
arjefm-81	6	17	round	round	NOUN
arjefm-81	6	18	of	of	ADP
arjefm-81	6	19	bank	bank	NOUN
arjefm-81	6	20	recapitalization	recapitalization	NOUN
arjefm-81	6	21	in	in	ADP
arjefm-81	6	22	2005	2005	NUM
arjefm-81	6	23	.	.	PUNCT
arjefm-81	7	1	we	we	PRON
arjefm-81	7	2	address	address	VERB
arjefm-81	7	3	key	key	ADJ
arjefm-81	7	4	questions	question	NOUN
arjefm-81	7	5	regarding	regard	VERB
arjefm-81	7	6	the	the	DET
arjefm-81	7	7	factors	factor	NOUN
arjefm-81	7	8	influencing	influence	VERB
arjefm-81	7	9	bank	bank	NOUN
arjefm-81	7	10	profitability	profitability	NOUN
arjefm-81	7	11	in	in	ADP
arjefm-81	7	12	the	the	DET
arjefm-81	7	13	post	post	ADJ
arjefm-81	7	14	-	-	ADJ
arjefm-81	7	15	recapitalization	recapitalization	ADJ
arjefm-81	7	16	era	era	NOUN
arjefm-81	7	17	and	and	CCONJ
arjefm-81	7	18	assess	assess	VERB
arjefm-81	7	19	the	the	DET
arjefm-81	7	20	impact	impact	NOUN
arjefm-81	7	21	of	of	ADP
arjefm-81	7	22	market	market	NOUN
arjefm-81	7	23	power	power	NOUN
arjefm-81	7	24	on	on	ADP
arjefm-81	7	25	bank	bank	NOUN
arjefm-81	7	26	returns	return	NOUN
arjefm-81	7	27	.	.	PUNCT
arjefm-81	8	1	through	through	ADP
arjefm-81	8	2	empirical	empirical	ADJ
arjefm-81	8	3	analysis	analysis	NOUN
arjefm-81	8	4	,	,	PUNCT
arjefm-81	8	5	we	we	PRON
arjefm-81	8	6	identify	identify	VERB
arjefm-81	8	7	the	the	DET
arjefm-81	8	8	driving	drive	VERB
arjefm-81	8	9	forces	force	NOUN
arjefm-81	8	10	behind	behind	ADP
arjefm-81	8	11	profitability	profitability	NOUN
arjefm-81	8	12	in	in	ADP
arjefm-81	8	13	nigeria	nigeria	PROPN
arjefm-81	8	14	's	's	PART
arjefm-81	8	15	commercial	commercial	ADJ
arjefm-81	8	16	banks	bank	NOUN
arjefm-81	8	17	and	and	CCONJ
arjefm-81	8	18	examine	examine	VERB
arjefm-81	8	19	the	the	DET
arjefm-81	8	20	relative	relative	ADJ
arjefm-81	8	21	significance	significance	NOUN
arjefm-81	8	22	of	of	ADP
arjefm-81	8	23	market	market	NOUN
arjefm-81	8	24	power	power	NOUN
arjefm-81	8	25	among	among	ADP
arjefm-81	8	26	these	these	DET
arjefm-81	8	27	determinants	determinant	NOUN
arjefm-81	8	28	.	.	PUNCT
arjefm-81	9	1	our	our	PRON
arjefm-81	9	2	findings	finding	NOUN
arjefm-81	9	3	offer	offer	VERB
arjefm-81	9	4	valuable	valuable	ADJ
arjefm-81	9	5	insights	insight	NOUN
arjefm-81	9	6	for	for	ADP
arjefm-81	9	7	policymakers	policymaker	NOUN
arjefm-81	9	8	and	and	CCONJ
arjefm-81	9	9	stakeholders	stakeholder	NOUN
arjefm-81	9	10	in	in	ADP
arjefm-81	9	11	fostering	foster	VERB
arjefm-81	9	12	a	a	DET
arjefm-81	9	13	robust	robust	ADJ
arjefm-81	9	14	financial	financial	ADJ
arjefm-81	9	15	sector	sector	NOUN
arjefm-81	9	16	that	that	PRON
arjefm-81	9	17	can	can	AUX
arjefm-81	9	18	effectively	effectively	ADV
arjefm-81	9	19	support	support	VERB
arjefm-81	9	20	economic	economic	ADJ
arjefm-81	9	21	growth	growth	NOUN
arjefm-81	9	22	.	.	PUNCT
arjefm-81	10	1	keywords	keyword	NOUN
arjefm-81	10	2	:	:	PUNCT
arjefm-81	10	3	bank	bank	NOUN
arjefm-81	10	4	profitability	profitability	NOUN
arjefm-81	10	5	,	,	PUNCT
arjefm-81	10	6	commercial	commercial	ADJ
arjefm-81	10	7	banks	bank	NOUN
arjefm-81	10	8	,	,	PUNCT
arjefm-81	10	9	recapitalization	recapitalization	NOUN
arjefm-81	10	10	,	,	PUNCT
arjefm-81	10	11	market	market	NOUN
arjefm-81	10	12	power	power	NOUN
arjefm-81	10	13	,	,	PUNCT
arjefm-81	10	14	nigeria	nigeria	PROPN
arjefm-81	10	15	.	.	PUNCT
arjefm-81	11	1	1	1	X
arjefm-81	11	2	.	.	X
arjefm-81	11	3	introduction	introduction	NOUN
arjefm-81	11	4	effective	effective	ADJ
arjefm-81	11	5	and	and	CCONJ
arjefm-81	11	6	efficient	efficient	ADJ
arjefm-81	11	7	operations	operation	NOUN
arjefm-81	11	8	of	of	ADP
arjefm-81	11	9	the	the	DET
arjefm-81	11	10	financial	financial	ADJ
arjefm-81	11	11	sector	sector	NOUN
arjefm-81	11	12	are	be	AUX
arjefm-81	11	13	very	very	ADV
arjefm-81	11	14	critical	critical	ADJ
arjefm-81	11	15	in	in	ADP
arjefm-81	11	16	any	any	DET
arjefm-81	11	17	economy	economy	NOUN
arjefm-81	11	18	because	because	SCONJ
arjefm-81	11	19	the	the	DET
arjefm-81	11	20	financial	financial	ADJ
arjefm-81	11	21	sector	sector	NOUN
arjefm-81	11	22	especially	especially	ADV
arjefm-81	11	23	commercial	commercial	ADJ
arjefm-81	11	24	banks	bank	NOUN
arjefm-81	11	25	serve	serve	VERB
arjefm-81	11	26	as	as	ADP
arjefm-81	11	27	a	a	DET
arjefm-81	11	28	fuel	fuel	NOUN
arjefm-81	11	29	for	for	ADP
arjefm-81	11	30	running	run	VERB
arjefm-81	11	31	economic	economic	ADJ
arjefm-81	11	32	activities	activity	NOUN
arjefm-81	11	33	.	.	PUNCT
arjefm-81	12	1	therefore	therefore	ADV
arjefm-81	12	2	,	,	PUNCT
arjefm-81	12	3	more	more	ADJ
arjefm-81	12	4	attention	attention	NOUN
arjefm-81	12	5	has	have	AUX
arjefm-81	12	6	been	be	AUX
arjefm-81	12	7	focusing	focus	VERB
arjefm-81	12	8	on	on	ADP
arjefm-81	12	9	how	how	SCONJ
arjefm-81	12	10	well	well	ADV
arjefm-81	12	11	banks	bank	NOUN
arjefm-81	12	12	are	be	AUX
arjefm-81	12	13	running	run	VERB
arjefm-81	12	14	.	.	PUNCT
arjefm-81	13	1	this	this	PRON
arjefm-81	13	2	calls	call	VERB
arjefm-81	13	3	for	for	ADP
arjefm-81	13	4	numerous	numerous	ADJ
arjefm-81	13	5	studies	study	NOUN
arjefm-81	13	6	on	on	ADP
arjefm-81	13	7	what	what	PRON
arjefm-81	13	8	drives	drive	VERB
arjefm-81	13	9	bank	bank	NOUN
arjefm-81	13	10	profitability	profitability	NOUN
arjefm-81	13	11	within	within	ADP
arjefm-81	13	12	a	a	DET
arjefm-81	13	13	country	country	NOUN
arjefm-81	13	14	,	,	PUNCT
arjefm-81	13	15	a	a	DET
arjefm-81	13	16	region	region	NOUN
arjefm-81	13	17	,	,	PUNCT
arjefm-81	13	18	and	and	CCONJ
arjefm-81	13	19	at	at	ADP
arjefm-81	13	20	the	the	DET
arjefm-81	13	21	global	global	ADJ
arjefm-81	13	22	level	level	NOUN
arjefm-81	13	23	.	.	PUNCT
arjefm-81	14	1	similarly	similarly	ADV
arjefm-81	14	2	,	,	PUNCT
arjefm-81	14	3	many	many	ADJ
arjefm-81	14	4	studies	study	NOUN
arjefm-81	14	5	have	have	AUX
arjefm-81	14	6	carried	carry	VERB
arjefm-81	14	7	out	out	ADP
arjefm-81	14	8	for	for	ADP
arjefm-81	14	9	the	the	DET
arjefm-81	14	10	nigerian	nigerian	ADJ
arjefm-81	14	11	banks	bank	NOUN
arjefm-81	14	12	because	because	SCONJ
arjefm-81	14	13	special	special	ADJ
arjefm-81	14	14	features	feature	NOUN
arjefm-81	14	15	of	of	ADP
arjefm-81	14	16	the	the	DET
arjefm-81	14	17	country	country	NOUN
arjefm-81	14	18	and	and	CCONJ
arjefm-81	14	19	its	its	PRON
arjefm-81	14	20	past	past	ADJ
arjefm-81	14	21	experience	experience	NOUN
arjefm-81	14	22	.	.	PUNCT
arjefm-81	15	1	nigerian	nigerian	ADJ
arjefm-81	15	2	banking	banking	NOUN
arjefm-81	15	3	industry	industry	NOUN
arjefm-81	15	4	experienced	experience	VERB
arjefm-81	15	5	different	different	ADJ
arjefm-81	15	6	reforms	reform	NOUN
arjefm-81	15	7	in	in	ADP
arjefm-81	15	8	order	order	NOUN
arjefm-81	15	9	to	to	PART
arjefm-81	15	10	ensure	ensure	VERB
arjefm-81	15	11	that	that	SCONJ
arjefm-81	15	12	the	the	DET
arjefm-81	15	13	country	country	NOUN
arjefm-81	15	14	has	have	VERB
arjefm-81	15	15	a	a	DET
arjefm-81	15	16	strong	strong	ADJ
arjefm-81	15	17	banking	banking	NOUN
arjefm-81	15	18	industry	industry	NOUN
arjefm-81	15	19	that	that	PRON
arjefm-81	15	20	enhances	enhance	VERB
arjefm-81	15	21	the	the	DET
arjefm-81	15	22	economic	economic	ADJ
arjefm-81	15	23	activities	activity	NOUN
arjefm-81	15	24	.	.	PUNCT
arjefm-81	16	1	this	this	DET
arjefm-81	16	2	motivation	motivation	NOUN
arjefm-81	16	3	led	lead	VERB
arjefm-81	16	4	to	to	ADP
arjefm-81	16	5	the	the	DET
arjefm-81	16	6	2005	2005	NUM
arjefm-81	16	7	bank	bank	NOUN
arjefm-81	16	8	capitalization	capitalization	NOUN
arjefm-81	16	9	that	that	PRON
arjefm-81	16	10	reduced	reduce	VERB
arjefm-81	16	11	the	the	DET
arjefm-81	16	12	number	number	NOUN
arjefm-81	16	13	of	of	ADP
arjefm-81	16	14	commercial	commercial	ADJ
arjefm-81	16	15	banks	bank	NOUN
arjefm-81	16	16	from	from	ADP
arjefm-81	16	17	89	89	NUM
arjefm-81	16	18	to	to	ADP
arjefm-81	16	19	22	22	NUM
arjefm-81	16	20	through	through	ADP
arjefm-81	16	21	merger	merger	NOUN
arjefm-81	16	22	and	and	CCONJ
arjefm-81	16	23	acquisition	acquisition	NOUN
arjefm-81	16	24	.	.	PUNCT
arjefm-81	17	1	a	a	DET
arjefm-81	17	2	little	little	ADJ
arjefm-81	17	3	concern	concern	NOUN
arjefm-81	17	4	has	have	AUX
arjefm-81	17	5	shown	show	VERB
arjefm-81	17	6	on	on	ADP
arjefm-81	17	7	how	how	SCONJ
arjefm-81	17	8	effective	effective	ADJ
arjefm-81	17	9	and	and	CCONJ
arjefm-81	17	10	efficient	efficient	ADJ
arjefm-81	17	11	these	these	DET
arjefm-81	17	12	22	22	NUM
arjefm-81	17	13	commercial	commercial	ADJ
arjefm-81	17	14	banks	bank	NOUN
arjefm-81	17	15	operate	operate	VERB
arjefm-81	17	16	.	.	PUNCT
arjefm-81	18	1	little	little	ADJ
arjefm-81	18	2	studies	study	NOUN
arjefm-81	18	3	on	on	ADP
arjefm-81	18	4	determinants	determinant	NOUN
arjefm-81	18	5	of	of	ADP
arjefm-81	18	6	bank	bank	NOUN
arjefm-81	18	7	profitability	profitability	NOUN
arjefm-81	18	8	in	in	ADP
arjefm-81	18	9	nigeria	nigeria	PRON
arjefm-81	18	10	such	such	ADJ
arjefm-81	18	11	as	as	ADP
arjefm-81	18	12	ani	ani	X
arjefm-81	18	13	et	et	NOUN
arjefm-81	18	14	al	al	PROPN
arjefm-81	18	15	.	.	PUNCT
arjefm-81	19	1	[	[	X
arjefm-81	19	2	4	4	NUM
arjefm-81	19	3	]	]	PUNCT
arjefm-81	19	4	,	,	PUNCT
arjefm-81	19	5	aburime	aburime	NOUN
arjefm-81	19	6	[	[	X
arjefm-81	19	7	1	1	X
arjefm-81	19	8	]	]	PUNCT
arjefm-81	19	9	did	do	AUX
arjefm-81	19	10	not	not	PART
arjefm-81	19	11	focus	focus	VERB
arjefm-81	19	12	on	on	ADP
arjefm-81	19	13	the	the	DET
arjefm-81	19	14	bank	bank	NOUN
arjefm-81	19	15	capitalization	capitalization	NOUN
arjefm-81	19	16	.	.	PUNCT
arjefm-81	20	1	owing	owe	VERB
arjefm-81	20	2	to	to	ADP
arjefm-81	20	3	this	this	PRON
arjefm-81	20	4	,	,	PUNCT
arjefm-81	20	5	this	this	DET
arjefm-81	20	6	paper	paper	NOUN
arjefm-81	20	7	intends	intend	VERB
arjefm-81	20	8	to	to	PART
arjefm-81	20	9	investigate	investigate	VERB
arjefm-81	20	10	factors	factor	NOUN
arjefm-81	20	11	that	that	PRON
arjefm-81	20	12	influence	influence	VERB
arjefm-81	20	13	the	the	DET
arjefm-81	20	14	level	level	NOUN
arjefm-81	20	15	of	of	ADP
arjefm-81	20	16	bank	bank	NOUN
arjefm-81	20	17	profitability	profitability	NOUN
arjefm-81	20	18	after	after	ADP
arjefm-81	20	19	bank	bank	NOUN
arjefm-81	20	20	recapitalization	recapitalization	NOUN
arjefm-81	20	21	.	.	PUNCT
arjefm-81	21	1	in	in	ADP
arjefm-81	21	2	addition	addition	NOUN
arjefm-81	21	3	,	,	PUNCT
arjefm-81	21	4	it	it	PRON
arjefm-81	21	5	intends	intend	VERB
arjefm-81	21	6	to	to	PART
arjefm-81	21	7	provide	provide	VERB
arjefm-81	21	8	answers	answer	NOUN
arjefm-81	21	9	to	to	ADP
arjefm-81	21	10	the	the	DET
arjefm-81	21	11	following	follow	VERB
arjefm-81	21	12	research	research	NOUN
arjefm-81	21	13	questions	question	NOUN
arjefm-81	21	14	:	:	PUNCT
arjefm-81	21	15	what	what	PRON
arjefm-81	21	16	are	be	AUX
arjefm-81	21	17	the	the	DET
arjefm-81	21	18	determinants	determinant	NOUN
arjefm-81	21	19	of	of	ADP
arjefm-81	21	20	bank	bank	NOUN
arjefm-81	21	21	profitability	profitability	NOUN
arjefm-81	21	22	in	in	ADP
arjefm-81	21	23	nigeria	nigeria	PROPN
arjefm-81	21	24	after	after	ADP
arjefm-81	21	25	bank	bank	NOUN
arjefm-81	21	26	recapitalization	recapitalization	NOUN
arjefm-81	21	27	?	?	PUNCT
arjefm-81	22	1	does	do	AUX
arjefm-81	22	2	any	any	PRON
arjefm-81	22	3	of	of	ADP
arjefm-81	22	4	these	these	DET
arjefm-81	22	5	determinants	determinant	NOUN
arjefm-81	22	6	reduce	reduce	VERB
arjefm-81	22	7	its	its	PRON
arjefm-81	22	8	strength	strength	NOUN
arjefm-81	22	9	because	because	SCONJ
arjefm-81	22	10	of	of	ADP
arjefm-81	22	11	the	the	DET
arjefm-81	22	12	financial	financial	ADJ
arjefm-81	22	13	reforms	reform	NOUN
arjefm-81	22	14	?	?	PUNCT
arjefm-81	23	1	in	in	ADP
arjefm-81	23	2	addition	addition	NOUN
arjefm-81	23	3	,	,	PUNCT
arjefm-81	23	4	existing	exist	VERB
arjefm-81	23	5	previous	previous	ADJ
arjefm-81	23	6	studies	study	NOUN
arjefm-81	23	7	such	such	ADJ
arjefm-81	23	8	as	as	ADP
arjefm-81	23	9	flamini	flamini	PROPN
arjefm-81	23	10	et	et	PROPN
arjefm-81	23	11	al	al	PROPN
arjefm-81	23	12	.	.	PUNCT
arjefm-81	24	1	[	[	X
arjefm-81	24	2	12	12	NUM
arjefm-81	24	3	]	]	PUNCT
arjefm-81	24	4	consider	consider	VERB
arjefm-81	24	5	the	the	DET
arjefm-81	24	6	limitation	limitation	NOUN
arjefm-81	24	7	of	of	ADP
arjefm-81	24	8	their	their	PRON
arjefm-81	24	9	research	research	NOUN
arjefm-81	24	10	as	as	ADP
arjefm-81	24	11	the	the	DET
arjefm-81	24	12	inability	inability	NOUN
arjefm-81	24	13	to	to	PART
arjefm-81	24	14	investigate	investigate	VERB
arjefm-81	24	15	whether	whether	SCONJ
arjefm-81	24	16	market	market	NOUN
arjefm-81	24	17	power	power	NOUN
arjefm-81	24	18	influences	influence	VERB
arjefm-81	24	19	bank	bank	NOUN
arjefm-81	24	20	returns	return	NOUN
arjefm-81	24	21	.	.	PUNCT
arjefm-81	25	1	this	this	DET
arjefm-81	25	2	paper	paper	NOUN
arjefm-81	25	3	will	will	AUX
arjefm-81	25	4	address	address	VERB
arjefm-81	25	5	the	the	DET
arjefm-81	25	6	identified	identify	VERB
arjefm-81	25	7	limitation	limitation	NOUN
arjefm-81	25	8	by	by	ADP
arjefm-81	25	9	providing	provide	VERB
arjefm-81	25	10	an	an	DET
arjefm-81	25	11	answer	answer	NOUN
arjefm-81	25	12	to	to	ADP
arjefm-81	25	13	the	the	DET
arjefm-81	25	14	question	question	NOUN
arjefm-81	25	15	:	:	PUNCT
arjefm-81	25	16	does	do	VERB
arjefm-81	25	17	relative	relative	ADJ
arjefm-81	25	18	market	market	NOUN
arjefm-81	25	19	power	power	NOUN
arjefm-81	25	20	matter	matter	NOUN
arjefm-81	25	21	after	after	ADP
arjefm-81	25	22	recapitalization	recapitalization	NOUN
arjefm-81	25	23	?	?	PUNCT
arjefm-81	26	1	if	if	SCONJ
arjefm-81	26	2	yes	yes	INTJ
arjefm-81	26	3	,	,	PUNCT
arjefm-81	26	4	to	to	ADP
arjefm-81	26	5	what	what	PRON
arjefm-81	26	6	the	the	DET
arjefm-81	26	7	extent	extent	NOUN
arjefm-81	26	8	and	and	CCONJ
arjefm-81	26	9	what	what	PRON
arjefm-81	26	10	is	be	AUX
arjefm-81	26	11	its	its	PRON
arjefm-81	26	12	magnitude	magnitude	NOUN
arjefm-81	26	13	compared	compare	VERB
arjefm-81	26	14	to	to	ADP
arjefm-81	26	15	determinants	determinant	NOUN
arjefm-81	26	16	of	of	ADP
arjefm-81	26	17	bank	bank	NOUN
arjefm-81	26	18	profitability	profitability	NOUN
arjefm-81	26	19	in	in	ADP
arjefm-81	26	20	nigeria	nigeria	PROPN
arjefm-81	26	21	?	?	PUNCT
arjefm-81	27	1	in	in	ADP
arjefm-81	27	2	the	the	DET
arjefm-81	27	3	light	light	NOUN
arjefm-81	27	4	of	of	ADP
arjefm-81	27	5	this	this	PRON
arjefm-81	27	6	,	,	PUNCT
arjefm-81	27	7	the	the	DET
arjefm-81	27	8	paper	paper	NOUN
arjefm-81	27	9	aims	aim	VERB
arjefm-81	27	10	to	to	PART
arjefm-81	27	11	understand	understand	VERB
arjefm-81	27	12	the	the	DET
arjefm-81	27	13	factors	factor	NOUN
arjefm-81	27	14	that	that	PRON
arjefm-81	27	15	drive	drive	VERB
arjefm-81	27	16	the	the	DET
arjefm-81	27	17	level	level	NOUN
arjefm-81	27	18	of	of	ADP
arjefm-81	27	19	profitability	profitability	NOUN
arjefm-81	27	20	of	of	ADP
arjefm-81	27	21	nigeria	nigeria	PROPN
arjefm-81	27	22	's	's	PART
arjefm-81	27	23	commercial	commercial	ADJ
arjefm-81	27	24	banks	bank	NOUN
arjefm-81	27	25	.	.	PUNCT
arjefm-81	28	1	in	in	ADP
arjefm-81	28	2	order	order	NOUN
arjefm-81	28	3	to	to	PART
arjefm-81	28	4	achieve	achieve	VERB
arjefm-81	28	5	this	this	PRON
arjefm-81	28	6	,	,	PUNCT
arjefm-81	28	7	the	the	DET
arjefm-81	28	8	specific	specific	ADJ
arjefm-81	28	9	objectives	objective	NOUN
arjefm-81	28	10	are	be	AUX
arjefm-81	28	11	to	to	PART
arjefm-81	28	12	empirically	empirically	ADV
arjefm-81	28	13	determine	determine	VERB
arjefm-81	28	14	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	28	15	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	28	16	american	american	PROPN
arjefm-81	28	17	research	research	PROPN
arjefm-81	28	18	journal	journal	PROPN
arjefm-81	28	19	of	of	ADP
arjefm-81	28	20	economics	economic	NOUN
arjefm-81	28	21	,	,	PUNCT
arjefm-81	28	22	finance	finance	NOUN
arjefm-81	28	23	and	and	CCONJ
arjefm-81	28	24	management	management	NOUN
arjefm-81	28	25	volume	volume	NOUN
arjefm-81	28	26	11	11	NUM
arjefm-81	28	27	issue	issue	NOUN
arjefm-81	28	28	2	2	NUM
arjefm-81	28	29	,	,	PUNCT
arjefm-81	28	30	april	april	PROPN
arjefm-81	28	31	-	-	PUNCT
arjefm-81	28	32	june	june	PROPN
arjefm-81	28	33	2023	2023	NUM
arjefm-81	28	34	issn	issn	PROPN
arjefm-81	28	35	:	:	PUNCT
arjefm-81	28	36	2836	2836	NUM
arjefm-81	28	37	-	-	SYM
arjefm-81	28	38	9416	9416	NUM
arjefm-81	28	39	impact	impact	NOUN
arjefm-81	28	40	factor	factor	NOUN
arjefm-81	28	41	:	:	PUNCT
arjefm-81	28	42	5.57	5.57	NUM
arjefm-81	28	43	journal	journal	NOUN
arjefm-81	28	44	homepage	homepage	NOUN
arjefm-81	28	45	:	:	PUNCT
arjefm-81	28	46	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	28	47	,	,	PUNCT
arjefm-81	28	48	email	email	NOUN
arjefm-81	28	49	:	:	PUNCT
arjefm-81	28	50	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	28	51	official	official	ADJ
arjefm-81	28	52	journal	journal	PROPN
arjefm-81	28	53	of	of	ADP
arjefm-81	28	54	america	america	PROPN
arjefm-81	28	55	serial	serial	PROPN
arjefm-81	28	56	publication	publication	NOUN
arjefm-81	28	57	american	american	PROPN
arjefm-81	28	58	research	research	PROPN
arjefm-81	28	59	journal	journal	PROPN
arjefm-81	28	60	of	of	ADP
arjefm-81	28	61	economics	economic	NOUN
arjefm-81	28	62	,	,	PUNCT
arjefm-81	28	63	finance	finance	NOUN
arjefm-81	28	64	and	and	CCONJ
arjefm-81	28	65	management	management	NOUN
arjefm-81	28	66	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	28	67	,	,	PUNCT
arjefm-81	28	68	email	email	NOUN
arjefm-81	28	69	:	:	PUNCT
arjefm-81	29	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	29	2	41	41	NUM
arjefm-81	30	1	|	|	ADV
arjefm-81	30	2	p	p	X
arjefm-81	30	3	a	a	DET
arjefm-81	30	4	g	g	NOUN
arjefm-81	30	5	e	e	NOUN
arjefm-81	30	6	the	the	DET
arjefm-81	30	7	factors	factor	NOUN
arjefm-81	30	8	that	that	PRON
arjefm-81	30	9	drive	drive	VERB
arjefm-81	30	10	bank	bank	NOUN
arjefm-81	30	11	profitability	profitability	NOUN
arjefm-81	30	12	in	in	ADP
arjefm-81	30	13	nigeria	nigeria	PROPN
arjefm-81	30	14	,	,	PUNCT
arjefm-81	30	15	analytically	analytically	ADV
arjefm-81	30	16	investigate	investigate	VERB
arjefm-81	30	17	whether	whether	SCONJ
arjefm-81	30	18	market	market	NOUN
arjefm-81	30	19	power	power	NOUN
arjefm-81	30	20	has	have	VERB
arjefm-81	30	21	a	a	DET
arjefm-81	30	22	significant	significant	ADJ
arjefm-81	30	23	influence	influence	NOUN
arjefm-81	30	24	on	on	ADP
arjefm-81	30	25	bank	bank	NOUN
arjefm-81	30	26	profitability	profitability	NOUN
arjefm-81	30	27	,	,	PUNCT
arjefm-81	30	28	and	and	CCONJ
arjefm-81	30	29	analytically	analytically	ADV
arjefm-81	30	30	examine	examine	VERB
arjefm-81	30	31	the	the	DET
arjefm-81	30	32	relative	relative	ADJ
arjefm-81	30	33	magnitude	magnitude	NOUN
arjefm-81	30	34	of	of	ADP
arjefm-81	30	35	significant	significant	ADJ
arjefm-81	30	36	determinants	determinant	NOUN
arjefm-81	30	37	of	of	ADP
arjefm-81	30	38	profitability	profitability	NOUN
arjefm-81	30	39	in	in	ADP
arjefm-81	30	40	nigeria	nigeria	PROPN
arjefm-81	30	41	's	's	PART
arjefm-81	30	42	commercial	commercial	ADJ
arjefm-81	30	43	banks	bank	NOUN
arjefm-81	30	44	.	.	PUNCT
arjefm-81	31	1	also	also	ADV
arjefm-81	31	2	,	,	PUNCT
arjefm-81	31	3	the	the	DET
arjefm-81	31	4	paper	paper	NOUN
arjefm-81	31	5	provides	provide	VERB
arjefm-81	31	6	country	country	NOUN
arjefm-81	31	7	-	-	PUNCT
arjefm-81	31	8	level	level	NOUN
arjefm-81	31	9	policy	policy	NOUN
arjefm-81	31	10	conclusions	conclusion	NOUN
arjefm-81	31	11	that	that	PRON
arjefm-81	31	12	can	can	AUX
arjefm-81	31	13	boost	boost	VERB
arjefm-81	31	14	private	private	ADJ
arjefm-81	31	15	productive	productive	ADJ
arjefm-81	31	16	sector	sector	NOUN
arjefm-81	31	17	through	through	ADP
arjefm-81	31	18	a	a	DET
arjefm-81	31	19	sound	sound	ADJ
arjefm-81	31	20	financial	financial	ADJ
arjefm-81	31	21	system	system	NOUN
arjefm-81	31	22	.	.	PUNCT
arjefm-81	32	1	the	the	DET
arjefm-81	32	2	rest	rest	NOUN
arjefm-81	32	3	of	of	ADP
arjefm-81	32	4	this	this	DET
arjefm-81	32	5	paper	paper	NOUN
arjefm-81	32	6	is	be	AUX
arjefm-81	32	7	segmented	segment	VERB
arjefm-81	32	8	as	as	SCONJ
arjefm-81	32	9	follows	follow	VERB
arjefm-81	32	10	;	;	PUNCT
arjefm-81	32	11	section	section	NOUN
arjefm-81	32	12	ii	ii	PROPN
arjefm-81	32	13	is	be	AUX
arjefm-81	32	14	on	on	ADP
arjefm-81	32	15	the	the	DET
arjefm-81	32	16	stylized	stylize	VERB
arjefm-81	32	17	facts	fact	NOUN
arjefm-81	32	18	on	on	ADP
arjefm-81	32	19	the	the	DET
arjefm-81	32	20	banking	banking	NOUN
arjefm-81	32	21	industry	industry	NOUN
arjefm-81	32	22	in	in	ADP
arjefm-81	32	23	nigeria	nigeria	PROPN
arjefm-81	32	24	while	while	SCONJ
arjefm-81	32	25	section	section	NOUN
arjefm-81	32	26	iii	iii	NUM
arjefm-81	32	27	reviews	review	VERB
arjefm-81	32	28	the	the	DET
arjefm-81	32	29	existing	exist	VERB
arjefm-81	32	30	studies	study	NOUN
arjefm-81	32	31	.	.	PUNCT
arjefm-81	33	1	the	the	DET
arjefm-81	33	2	analytical	analytical	ADJ
arjefm-81	33	3	framework	framework	NOUN
arjefm-81	33	4	,	,	PUNCT
arjefm-81	33	5	as	as	ADV
arjefm-81	33	6	well	well	ADV
arjefm-81	33	7	as	as	ADP
arjefm-81	33	8	methodology	methodology	NOUN
arjefm-81	33	9	,	,	PUNCT
arjefm-81	33	10	is	be	AUX
arjefm-81	33	11	discussed	discuss	VERB
arjefm-81	33	12	in	in	ADP
arjefm-81	33	13	section	section	NOUN
arjefm-81	33	14	iv	iv	ADP
arjefm-81	33	15	,	,	PUNCT
arjefm-81	33	16	while	while	SCONJ
arjefm-81	33	17	empirical	empirical	ADJ
arjefm-81	33	18	results	result	NOUN
arjefm-81	33	19	and	and	CCONJ
arjefm-81	33	20	discussion	discussion	NOUN
arjefm-81	33	21	are	be	AUX
arjefm-81	33	22	presented	present	VERB
arjefm-81	33	23	in	in	ADP
arjefm-81	33	24	section	section	NOUN
arjefm-81	33	25	v.	v.	ADP
arjefm-81	33	26	section	section	PROPN
arjefm-81	33	27	vi	vi	PROPN
arjefm-81	33	28	is	be	AUX
arjefm-81	33	29	on	on	ADP
arjefm-81	33	30	conclusion	conclusion	NOUN
arjefm-81	33	31	and	and	CCONJ
arjefm-81	33	32	policy	policy	NOUN
arjefm-81	33	33	implications	implication	NOUN
arjefm-81	33	34	.	.	PUNCT
arjefm-81	34	1	2	2	X
arjefm-81	34	2	.	.	NUM
arjefm-81	34	3	stylized	stylize	VERB
arjefm-81	34	4	facts	fact	NOUN
arjefm-81	34	5	of	of	ADP
arjefm-81	34	6	banking	banking	NOUN
arjefm-81	34	7	industry	industry	NOUN
arjefm-81	34	8	in	in	ADP
arjefm-81	34	9	nigeria	nigeria	PROPN
arjefm-81	34	10	nigeria	nigeria	PROPN
arjefm-81	34	11	’s	’s	PART
arjefm-81	34	12	economy	economy	NOUN
arjefm-81	34	13	grew	grow	VERB
arjefm-81	34	14	at	at	ADP
arjefm-81	34	15	3.05	3.05	NUM
arjefm-81	34	16	percent	percent	NOUN
arjefm-81	34	17	for	for	ADP
arjefm-81	34	18	the	the	DET
arjefm-81	34	19	first	first	ADJ
arjefm-81	34	20	three	three	NUM
arjefm-81	34	21	-	-	PUNCT
arjefm-81	34	22	quarters	quarter	NOUN
arjefm-81	34	23	of	of	ADP
arjefm-81	34	24	2015	2015	NUM
arjefm-81	34	25	compared	compare	VERB
arjefm-81	34	26	to	to	ADP
arjefm-81	34	27	6.33	6.33	NUM
arjefm-81	34	28	percent	percent	NOUN
arjefm-81	34	29	in	in	ADP
arjefm-81	34	30	2014	2014	NUM
arjefm-81	34	31	.	.	PUNCT
arjefm-81	35	1	its	its	PRON
arjefm-81	35	2	low	low	ADJ
arjefm-81	35	3	economic	economic	ADJ
arjefm-81	35	4	performance	performance	NOUN
arjefm-81	35	5	was	be	AUX
arjefm-81	35	6	as	as	ADP
arjefm-81	35	7	a	a	DET
arjefm-81	35	8	result	result	NOUN
arjefm-81	35	9	of	of	ADP
arjefm-81	35	10	continuous	continuous	ADJ
arjefm-81	35	11	falling	falling	NOUN
arjefm-81	35	12	in	in	ADP
arjefm-81	35	13	the	the	DET
arjefm-81	35	14	global	global	ADJ
arjefm-81	35	15	crude	crude	ADJ
arjefm-81	35	16	oil	oil	NOUN
arjefm-81	35	17	price	price	NOUN
arjefm-81	35	18	as	as	ADV
arjefm-81	35	19	well	well	ADV
arjefm-81	35	20	as	as	ADP
arjefm-81	35	21	reducing	reduce	VERB
arjefm-81	35	22	investor	investor	NOUN
arjefm-81	35	23	confidence	confidence	NOUN
arjefm-81	35	24	arose	arise	VERB
arjefm-81	35	25	from	from	ADP
arjefm-81	35	26	the	the	DET
arjefm-81	35	27	delay	delay	NOUN
arjefm-81	35	28	in	in	ADP
arjefm-81	35	29	appointing	appoint	VERB
arjefm-81	35	30	the	the	DET
arjefm-81	35	31	buhari	buhari	ADV
arjefm-81	35	32	-	-	PUNCT
arjefm-81	35	33	led	lead	VERB
arjefm-81	35	34	government	government	NOUN
arjefm-81	35	35	cabinet	cabinet	NOUN
arjefm-81	35	36	,	,	PUNCT
arjefm-81	35	37	and	and	CCONJ
arjefm-81	35	38	the	the	DET
arjefm-81	35	39	reluctance	reluctance	NOUN
arjefm-81	35	40	to	to	PART
arjefm-81	35	41	devalue	devalue	VERB
arjefm-81	35	42	the	the	DET
arjefm-81	35	43	naira	naira	NOUN
arjefm-81	35	44	.	.	PUNCT
arjefm-81	36	1	however	however	ADV
arjefm-81	36	2	,	,	PUNCT
arjefm-81	36	3	the	the	DET
arjefm-81	36	4	country	country	NOUN
arjefm-81	36	5	experienced	experience	VERB
arjefm-81	36	6	the	the	DET
arjefm-81	36	7	worst	bad	ADJ
arjefm-81	36	8	with	with	ADP
arjefm-81	36	9	the	the	DET
arjefm-81	36	10	negative	negative	ADJ
arjefm-81	36	11	growth	growth	NOUN
arjefm-81	36	12	rate	rate	NOUN
arjefm-81	36	13	of	of	ADP
arjefm-81	36	14	-3.00	-3.00	NUM
arjefm-81	36	15	%	%	NOUN
arjefm-81	36	16	due	due	ADP
arjefm-81	36	17	to	to	ADP
arjefm-81	36	18	the	the	DET
arjefm-81	36	19	delay	delay	NOUN
arjefm-81	36	20	in	in	ADP
arjefm-81	36	21	the	the	DET
arjefm-81	36	22	approval	approval	NOUN
arjefm-81	36	23	of	of	ADP
arjefm-81	36	24	2016	2016	NUM
arjefm-81	36	25	budget	budget	NOUN
arjefm-81	36	26	.	.	PUNCT
arjefm-81	37	1	prior	prior	ADV
arjefm-81	37	2	to	to	ADP
arjefm-81	37	3	the	the	DET
arjefm-81	37	4	drastic	drastic	ADJ
arjefm-81	37	5	fall	fall	NOUN
arjefm-81	37	6	in	in	ADP
arjefm-81	37	7	oil	oil	NOUN
arjefm-81	37	8	price	price	NOUN
arjefm-81	37	9	that	that	PRON
arjefm-81	37	10	commenced	commence	VERB
arjefm-81	37	11	in	in	ADP
arjefm-81	37	12	the	the	DET
arjefm-81	37	13	mid	mid	NOUN
arjefm-81	37	14	-	-	NOUN
arjefm-81	37	15	year	year	NOUN
arjefm-81	37	16	of	of	ADP
arjefm-81	37	17	2014	2014	NUM
arjefm-81	37	18	,	,	PUNCT
arjefm-81	37	19	the	the	DET
arjefm-81	37	20	nigerian	nigerian	ADJ
arjefm-81	37	21	economy	economy	NOUN
arjefm-81	37	22	was	be	AUX
arjefm-81	37	23	driven	drive	VERB
arjefm-81	37	24	by	by	ADP
arjefm-81	37	25	non	non	ADJ
arjefm-81	37	26	-	-	ADJ
arjefm-81	37	27	oil	oil	ADJ
arjefm-81	37	28	sector	sector	NOUN
arjefm-81	37	29	.	.	PUNCT
arjefm-81	38	1	however	however	ADV
arjefm-81	38	2	,	,	PUNCT
arjefm-81	38	3	the	the	DET
arjefm-81	38	4	oil	oil	NOUN
arjefm-81	38	5	sector	sector	NOUN
arjefm-81	38	6	witnessed	witness	VERB
arjefm-81	38	7	a	a	DET
arjefm-81	38	8	declining	decline	VERB
arjefm-81	38	9	growth	growth	NOUN
arjefm-81	38	10	rate	rate	NOUN
arjefm-81	38	11	towards	towards	ADP
arjefm-81	38	12	the	the	DET
arjefm-81	38	13	last	last	ADJ
arjefm-81	38	14	quarter	quarter	NOUN
arjefm-81	38	15	of	of	ADP
arjefm-81	38	16	2014	2014	NUM
arjefm-81	38	17	.	.	PUNCT
arjefm-81	39	1	this	this	PRON
arjefm-81	39	2	triggers	trigger	VERB
arjefm-81	39	3	government	government	NOUN
arjefm-81	39	4	efforts	effort	NOUN
arjefm-81	39	5	towards	towards	ADP
arjefm-81	39	6	reducing	reduce	VERB
arjefm-81	39	7	the	the	DET
arjefm-81	39	8	over	over	NOUN
arjefm-81	39	9	-	-	PUNCT
arjefm-81	39	10	dependence	dependence	NOUN
arjefm-81	39	11	on	on	ADP
arjefm-81	39	12	oil	oil	NOUN
arjefm-81	39	13	sector	sector	NOUN
arjefm-81	39	14	and	and	CCONJ
arjefm-81	39	15	diversifying	diversify	VERB
arjefm-81	39	16	the	the	DET
arjefm-81	39	17	domestic	domestic	ADJ
arjefm-81	39	18	economy	economy	NOUN
arjefm-81	39	19	.	.	PUNCT
arjefm-81	40	1	the	the	DET
arjefm-81	40	2	2015	2015	NUM
arjefm-81	40	3	election	election	NOUN
arjefm-81	40	4	posed	pose	VERB
arjefm-81	40	5	a	a	DET
arjefm-81	40	6	great	great	ADJ
arjefm-81	40	7	uncertainty	uncertainty	NOUN
arjefm-81	40	8	that	that	PRON
arjefm-81	40	9	accounted	account	VERB
arjefm-81	40	10	for	for	ADP
arjefm-81	40	11	volatility	volatility	NOUN
arjefm-81	40	12	in	in	ADP
arjefm-81	40	13	the	the	DET
arjefm-81	40	14	financial	financial	ADJ
arjefm-81	40	15	sector	sector	NOUN
arjefm-81	40	16	in	in	ADP
arjefm-81	40	17	replicating	replicate	VERB
arjefm-81	40	18	to	to	ADP
arjefm-81	40	19	a	a	DET
arjefm-81	40	20	continuous	continuous	ADJ
arjefm-81	40	21	rise	rise	NOUN
arjefm-81	40	22	in	in	ADP
arjefm-81	40	23	yields	yield	NOUN
arjefm-81	40	24	among	among	ADP
arjefm-81	40	25	all	all	DET
arjefm-81	40	26	fixed	fix	VERB
arjefm-81	40	27	income	income	NOUN
arjefm-81	40	28	securities	security	NOUN
arjefm-81	40	29	.	.	PUNCT
arjefm-81	41	1	the	the	DET
arjefm-81	41	2	trending	trend	VERB
arjefm-81	41	3	fall	fall	NOUN
arjefm-81	41	4	in	in	ADP
arjefm-81	41	5	government	government	NOUN
arjefm-81	41	6	revenue	revenue	NOUN
arjefm-81	41	7	as	as	ADV
arjefm-81	41	8	well	well	ADV
arjefm-81	41	9	as	as	ADP
arjefm-81	41	10	foreign	foreign	ADJ
arjefm-81	41	11	exchange	exchange	NOUN
arjefm-81	41	12	scarcity	scarcity	NOUN
arjefm-81	41	13	led	lead	VERB
arjefm-81	41	14	to	to	ADP
arjefm-81	41	15	the	the	DET
arjefm-81	41	16	slow	slow	ADJ
arjefm-81	41	17	growth	growth	NOUN
arjefm-81	41	18	rate	rate	NOUN
arjefm-81	41	19	in	in	ADP
arjefm-81	41	20	nigeria	nigeria	PROPN
arjefm-81	41	21	in	in	ADP
arjefm-81	41	22	2015	2015	NUM
arjefm-81	41	23	.	.	PUNCT
arjefm-81	42	1	the	the	DET
arjefm-81	42	2	country	country	NOUN
arjefm-81	42	3	’s	’s	PART
arjefm-81	42	4	monetary	monetary	ADJ
arjefm-81	42	5	authority	authority	NOUN
arjefm-81	42	6	reacted	react	VERB
arjefm-81	42	7	to	to	ADP
arjefm-81	42	8	the	the	DET
arjefm-81	42	9	event	event	NOUN
arjefm-81	42	10	by	by	ADP
arjefm-81	42	11	employing	employ	VERB
arjefm-81	42	12	different	different	ADJ
arjefm-81	42	13	policy	policy	NOUN
arjefm-81	42	14	interventions	intervention	NOUN
arjefm-81	42	15	with	with	ADP
arjefm-81	42	16	the	the	DET
arjefm-81	42	17	aim	aim	NOUN
arjefm-81	42	18	of	of	ADP
arjefm-81	42	19	curbing	curb	VERB
arjefm-81	42	20	the	the	DET
arjefm-81	42	21	demand	demand	NOUN
arjefm-81	42	22	for	for	ADP
arjefm-81	42	23	foreign	foreign	ADJ
arjefm-81	42	24	currency	currency	NOUN
arjefm-81	42	25	and	and	CCONJ
arjefm-81	42	26	preventing	prevent	VERB
arjefm-81	42	27	the	the	DET
arjefm-81	42	28	naira	naira	NUM
arjefm-81	42	29	devaluation	devaluation	NOUN
arjefm-81	42	30	.	.	PUNCT
arjefm-81	43	1	in	in	ADP
arjefm-81	43	2	addition	addition	NOUN
arjefm-81	43	3	,	,	PUNCT
arjefm-81	43	4	the	the	DET
arjefm-81	43	5	cash	cash	NOUN
arjefm-81	43	6	reserve	reserve	NOUN
arjefm-81	43	7	ratio	ratio	NOUN
arjefm-81	43	8	(	(	PUNCT
arjefm-81	43	9	crr	crr	PROPN
arjefm-81	43	10	)	)	PUNCT
arjefm-81	43	11	was	be	AUX
arjefm-81	43	12	put	put	VERB
arjefm-81	43	13	at	at	ADP
arjefm-81	43	14	31	31	NUM
arjefm-81	43	15	percent	percent	NOUN
arjefm-81	43	16	for	for	ADP
arjefm-81	43	17	both	both	CCONJ
arjefm-81	43	18	public	public	ADJ
arjefm-81	43	19	and	and	CCONJ
arjefm-81	43	20	private	private	ADJ
arjefm-81	43	21	deposits	deposit	NOUN
arjefm-81	43	22	,	,	PUNCT
arjefm-81	43	23	banks	bank	NOUN
arjefm-81	43	24	were	be	AUX
arjefm-81	43	25	prevented	prevent	VERB
arjefm-81	43	26	from	from	ADP
arjefm-81	43	27	accepting	accept	VERB
arjefm-81	43	28	foreign	foreign	ADJ
arjefm-81	43	29	cash	cash	NOUN
arjefm-81	43	30	deposits	deposit	NOUN
arjefm-81	43	31	from	from	ADP
arjefm-81	43	32	their	their	PRON
arjefm-81	43	33	customers	customer	NOUN
arjefm-81	43	34	,	,	PUNCT
arjefm-81	43	35	as	as	ADV
arjefm-81	43	36	well	well	ADV
arjefm-81	43	37	as	as	ADP
arjefm-81	43	38	the	the	DET
arjefm-81	43	39	removal	removal	NOUN
arjefm-81	43	40	of	of	ADP
arjefm-81	43	41	41	41	NUM
arjefm-81	43	42	items	item	NOUN
arjefm-81	43	43	from	from	ADP
arjefm-81	43	44	accessing	access	VERB
arjefm-81	43	45	foreign	foreign	ADJ
arjefm-81	43	46	exchange	exchange	NOUN
arjefm-81	43	47	at	at	ADP
arjefm-81	43	48	the	the	DET
arjefm-81	43	49	official	official	ADJ
arjefm-81	43	50	market	market	NOUN
arjefm-81	43	51	rate	rate	NOUN
arjefm-81	43	52	.	.	PUNCT
arjefm-81	44	1	despite	despite	SCONJ
arjefm-81	44	2	all	all	DET
arjefm-81	44	3	these	these	DET
arjefm-81	44	4	government	government	NOUN
arjefm-81	44	5	measures	measure	NOUN
arjefm-81	44	6	,	,	PUNCT
arjefm-81	44	7	the	the	DET
arjefm-81	44	8	country	country	NOUN
arjefm-81	44	9	’s	’s	PART
arjefm-81	44	10	external	external	ADJ
arjefm-81	44	11	reserves	reserve	NOUN
arjefm-81	44	12	reduced	reduce	VERB
arjefm-81	44	13	substantially	substantially	ADV
arjefm-81	44	14	from	from	ADP
arjefm-81	44	15	about	about	ADP
arjefm-81	44	16	us$35	us$35	ADP
arjefm-81	44	17	billion	billion	NUM
arjefm-81	44	18	in	in	ADP
arjefm-81	44	19	2014	2014	NUM
arjefm-81	44	20	to	to	ADP
arjefm-81	44	21	us$	us$	SYM
arjefm-81	44	22	28	28	NUM
arjefm-81	44	23	billion	billion	NUM
arjefm-81	44	24	in	in	ADP
arjefm-81	44	25	april	april	PROPN
arjefm-81	44	26	2016	2016	NUM
arjefm-81	44	27	.	.	PUNCT
arjefm-81	45	1	this	this	PRON
arjefm-81	45	2	points	point	VERB
arjefm-81	45	3	to	to	ADP
arjefm-81	45	4	a	a	DET
arjefm-81	45	5	reason	reason	NOUN
arjefm-81	45	6	against	against	ADP
arjefm-81	45	7	the	the	DET
arjefm-81	45	8	continuous	continuous	ADJ
arjefm-81	45	9	devaluation	devaluation	NOUN
arjefm-81	45	10	of	of	ADP
arjefm-81	45	11	the	the	DET
arjefm-81	45	12	naira	naira	NOUN
arjefm-81	45	13	by	by	ADP
arjefm-81	45	14	economists	economist	NOUN
arjefm-81	45	15	.	.	PUNCT
arjefm-81	46	1	however	however	ADV
arjefm-81	46	2	,	,	PUNCT
arjefm-81	46	3	since	since	SCONJ
arjefm-81	46	4	the	the	DET
arjefm-81	46	5	introduction	introduction	NOUN
arjefm-81	46	6	of	of	ADP
arjefm-81	46	7	naira	naira	NOUN
arjefm-81	46	8	for	for	ADP
arjefm-81	46	9	over	over	ADP
arjefm-81	46	10	the	the	DET
arjefm-81	46	11	past	past	ADJ
arjefm-81	46	12	four	four	NUM
arjefm-81	46	13	decades	decade	NOUN
arjefm-81	46	14	,	,	PUNCT
arjefm-81	46	15	its	its	PRON
arjefm-81	46	16	value	value	NOUN
arjefm-81	46	17	was	be	AUX
arjefm-81	46	18	not	not	PART
arjefm-81	46	19	eroded	erode	VERB
arjefm-81	46	20	to	to	ADP
arjefm-81	46	21	the	the	DET
arjefm-81	46	22	extent	extent	NOUN
arjefm-81	46	23	that	that	SCONJ
arjefm-81	46	24	a	a	DET
arjefm-81	46	25	us$	us$	SYM
arjefm-81	46	26	1	1	NUM
arjefm-81	46	27	was	be	AUX
arjefm-81	46	28	exchanged	exchange	VERB
arjefm-81	46	29	for	for	ADP
arjefm-81	46	30	n282	n282	PROPN
arjefm-81	46	31	in	in	ADP
arjefm-81	46	32	the	the	DET
arjefm-81	46	33	parallel	parallel	ADJ
arjefm-81	46	34	market	market	NOUN
arjefm-81	46	35	in	in	ADP
arjefm-81	46	36	december	december	PROPN
arjefm-81	46	37	2015	2015	NUM
arjefm-81	46	38	.	.	PUNCT
arjefm-81	47	1	whereas	whereas	SCONJ
arjefm-81	47	2	,	,	PUNCT
arjefm-81	47	3	the	the	DET
arjefm-81	47	4	central	central	ADJ
arjefm-81	47	5	bank	bank	PROPN
arjefm-81	47	6	of	of	ADP
arjefm-81	47	7	nigeria	nigeria	PROPN
arjefm-81	47	8	(	(	PUNCT
arjefm-81	47	9	cbn	cbn	PROPN
arjefm-81	47	10	)	)	PUNCT
arjefm-81	47	11	still	still	ADV
arjefm-81	47	12	fixed	fix	VERB
arjefm-81	47	13	the	the	DET
arjefm-81	47	14	official	official	ADJ
arjefm-81	47	15	exchange	exchange	NOUN
arjefm-81	47	16	rate	rate	NOUN
arjefm-81	47	17	at	at	ADP
arjefm-81	47	18	us$1/197	us$1/197	NOUN
arjefm-81	47	19	in	in	ADP
arjefm-81	47	20	december	december	PROPN
arjefm-81	47	21	2015	2015	NUM
arjefm-81	47	22	,	,	PUNCT
arjefm-81	47	23	even	even	ADV
arjefm-81	47	24	with	with	ADP
arjefm-81	47	25	the	the	DET
arjefm-81	47	26	widely	widely	ADV
arjefm-81	47	27	acceptable	acceptable	ADJ
arjefm-81	47	28	fact	fact	NOUN
arjefm-81	47	29	that	that	SCONJ
arjefm-81	47	30	floating	float	VERB
arjefm-81	47	31	exchange	exchange	NOUN
arjefm-81	47	32	market	market	NOUN
arjefm-81	47	33	might	might	AUX
arjefm-81	47	34	be	be	AUX
arjefm-81	47	35	the	the	DET
arjefm-81	47	36	solution	solution	NOUN
arjefm-81	47	37	to	to	ADP
arjefm-81	47	38	the	the	DET
arjefm-81	47	39	shortage	shortage	NOUN
arjefm-81	47	40	of	of	ADP
arjefm-81	47	41	foreign	foreign	ADJ
arjefm-81	47	42	exchange	exchange	NOUN
arjefm-81	47	43	in	in	ADP
arjefm-81	47	44	the	the	DET
arjefm-81	47	45	economy	economy	NOUN
arjefm-81	47	46	.	.	PUNCT
arjefm-81	48	1	nigeria	nigeria	PROPN
arjefm-81	48	2	being	be	AUX
arjefm-81	48	3	the	the	DET
arjefm-81	48	4	largest	large	ADJ
arjefm-81	48	5	economy	economy	NOUN
arjefm-81	48	6	in	in	ADP
arjefm-81	48	7	africa	africa	PROPN
arjefm-81	48	8	,	,	PUNCT
arjefm-81	48	9	was	be	AUX
arjefm-81	48	10	recovering	recover	VERB
arjefm-81	48	11	from	from	ADP
arjefm-81	48	12	commodity	commodity	NOUN
arjefm-81	48	13	price	price	NOUN
arjefm-81	48	14	shock	shock	NOUN
arjefm-81	48	15	of	of	ADP
arjefm-81	48	16	2008	2008	NUM
arjefm-81	48	17	-	-	SYM
arjefm-81	48	18	2009	2009	NUM
arjefm-81	48	19	as	as	ADV
arjefm-81	48	20	well	well	ADV
arjefm-81	48	21	as	as	ADP
arjefm-81	48	22	the	the	DET
arjefm-81	48	23	banking	banking	NOUN
arjefm-81	48	24	crisis	crisis	NOUN
arjefm-81	48	25	.	.	PUNCT
arjefm-81	49	1	of	of	ADP
arjefm-81	49	2	recent	recent	ADJ
arjefm-81	49	3	,	,	PUNCT
arjefm-81	49	4	the	the	DET
arjefm-81	49	5	country	country	NOUN
arjefm-81	49	6	needs	need	VERB
arjefm-81	49	7	to	to	PART
arjefm-81	49	8	address	address	VERB
arjefm-81	49	9	the	the	DET
arjefm-81	49	10	issue	issue	NOUN
arjefm-81	49	11	of	of	ADP
arjefm-81	49	12	massive	massive	ADJ
arjefm-81	49	13	infrastructure	infrastructure	NOUN
arjefm-81	49	14	deficits	deficit	NOUN
arjefm-81	49	15	,	,	PUNCT
arjefm-81	49	16	and	and	CCONJ
arjefm-81	49	17	the	the	DET
arjefm-81	49	18	high	high	ADJ
arjefm-81	49	19	level	level	NOUN
arjefm-81	49	20	of	of	ADP
arjefm-81	49	21	abject	abject	ADJ
arjefm-81	49	22	poverty	poverty	NOUN
arjefm-81	49	23	and	and	CCONJ
arjefm-81	49	24	inequality	inequality	NOUN
arjefm-81	49	25	.	.	PUNCT
arjefm-81	50	1	a	a	DET
arjefm-81	50	2	sound	sound	ADJ
arjefm-81	50	3	banking	banking	NOUN
arjefm-81	50	4	system	system	NOUN
arjefm-81	50	5	enhances	enhance	VERB
arjefm-81	50	6	channels	channel	NOUN
arjefm-81	50	7	for	for	ADP
arjefm-81	50	8	more	more	ADJ
arjefm-81	50	9	savings	saving	NOUN
arjefm-81	50	10	into	into	ADP
arjefm-81	50	11	productive	productive	ADJ
arjefm-81	50	12	investments	investment	NOUN
arjefm-81	50	13	,	,	PUNCT
arjefm-81	50	14	particularly	particularly	ADV
arjefm-81	50	15	in	in	ADP
arjefm-81	50	16	quality	quality	NOUN
arjefm-81	50	17	infrastructure	infrastructure	NOUN
arjefm-81	50	18	.	.	PUNCT
arjefm-81	51	1	the	the	DET
arjefm-81	51	2	average	average	ADJ
arjefm-81	51	3	contribution	contribution	NOUN
arjefm-81	51	4	of	of	ADP
arjefm-81	51	5	the	the	DET
arjefm-81	51	6	financial	financial	ADJ
arjefm-81	51	7	sector	sector	NOUN
arjefm-81	51	8	to	to	ADP
arjefm-81	51	9	the	the	DET
arjefm-81	51	10	nigerian	nigerian	ADJ
arjefm-81	51	11	economy	economy	NOUN
arjefm-81	51	12	is	be	AUX
arjefm-81	51	13	with	with	ADP
arjefm-81	51	14	the	the	DET
arjefm-81	51	15	range	range	NOUN
arjefm-81	51	16	of	of	ADP
arjefm-81	51	17	2.5	2.5	NUM
arjefm-81	51	18	percent	percent	NOUN
arjefm-81	51	19	and	and	CCONJ
arjefm-81	51	20	3.5	3.5	NUM
arjefm-81	51	21	percent	percent	NOUN
arjefm-81	51	22	between	between	ADP
arjefm-81	51	23	the	the	DET
arjefm-81	51	24	first	first	ADJ
arjefm-81	51	25	quarter	quarter	NOUN
arjefm-81	51	26	of	of	ADP
arjefm-81	51	27	2014	2014	NUM
arjefm-81	51	28	and	and	CCONJ
arjefm-81	51	29	the	the	DET
arjefm-81	51	30	first	first	ADJ
arjefm-81	51	31	quarter	quarter	NOUN
arjefm-81	51	32	of	of	ADP
arjefm-81	51	33	2016(fig	2016(fig	NUM
arjefm-81	51	34	.	.	PUNCT
arjefm-81	52	1	1	1	NUM
arjefm-81	52	2	)	)	PUNCT
arjefm-81	52	3	.	.	PUNCT
arjefm-81	53	1	commercial	commercial	ADJ
arjefm-81	53	2	banks	bank	NOUN
arjefm-81	53	3	are	be	AUX
arjefm-81	53	4	very	very	ADV
arjefm-81	53	5	important	important	ADJ
arjefm-81	53	6	key	key	ADJ
arjefm-81	53	7	players	player	NOUN
arjefm-81	53	8	in	in	ADP
arjefm-81	53	9	the	the	DET
arjefm-81	53	10	financial	financial	ADJ
arjefm-81	53	11	sector	sector	NOUN
arjefm-81	53	12	.	.	PUNCT
arjefm-81	54	1	for	for	ADP
arjefm-81	54	2	instance	instance	NOUN
arjefm-81	54	3	,	,	PUNCT
arjefm-81	54	4	the	the	DET
arjefm-81	54	5	banks	bank	NOUN
arjefm-81	54	6	witnessed	witness	VERB
arjefm-81	54	7	a	a	DET
arjefm-81	54	8	peak	peak	NOUN
arjefm-81	54	9	growth	growth	NOUN
arjefm-81	54	10	rate	rate	NOUN
arjefm-81	54	11	of	of	ADP
arjefm-81	54	12	about	about	ADV
arjefm-81	54	13	60	60	NUM
arjefm-81	54	14	percent	percent	NOUN
arjefm-81	54	15	in	in	ADP
arjefm-81	54	16	their	their	PRON
arjefm-81	54	17	total	total	ADJ
arjefm-81	54	18	assets	asset	NOUN
arjefm-81	54	19	at	at	ADP
arjefm-81	54	20	the	the	DET
arjefm-81	54	21	end	end	NOUN
arjefm-81	54	22	of	of	ADP
arjefm-81	54	23	2005	2005	NUM
arjefm-81	54	24	,	,	PUNCT
arjefm-81	54	25	indicating	indicate	VERB
arjefm-81	54	26	the	the	DET
arjefm-81	54	27	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	54	28	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	54	29	american	american	PROPN
arjefm-81	54	30	research	research	PROPN
arjefm-81	54	31	journal	journal	PROPN
arjefm-81	54	32	of	of	ADP
arjefm-81	54	33	economics	economic	NOUN
arjefm-81	54	34	,	,	PUNCT
arjefm-81	54	35	finance	finance	NOUN
arjefm-81	54	36	and	and	CCONJ
arjefm-81	54	37	management	management	NOUN
arjefm-81	54	38	volume	volume	NOUN
arjefm-81	54	39	11	11	NUM
arjefm-81	54	40	issue	issue	NOUN
arjefm-81	54	41	2	2	NUM
arjefm-81	54	42	,	,	PUNCT
arjefm-81	54	43	april	april	PROPN
arjefm-81	54	44	-	-	PUNCT
arjefm-81	54	45	june	june	PROPN
arjefm-81	54	46	2023	2023	NUM
arjefm-81	54	47	issn	issn	PROPN
arjefm-81	54	48	:	:	PUNCT
arjefm-81	54	49	2836	2836	NUM
arjefm-81	54	50	-	-	SYM
arjefm-81	54	51	9416	9416	NUM
arjefm-81	54	52	impact	impact	NOUN
arjefm-81	54	53	factor	factor	NOUN
arjefm-81	54	54	:	:	PUNCT
arjefm-81	54	55	5.57	5.57	NUM
arjefm-81	54	56	journal	journal	NOUN
arjefm-81	54	57	homepage	homepage	NOUN
arjefm-81	54	58	:	:	PUNCT
arjefm-81	54	59	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	54	60	,	,	PUNCT
arjefm-81	54	61	email	email	NOUN
arjefm-81	54	62	:	:	PUNCT
arjefm-81	54	63	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	54	64	official	official	ADJ
arjefm-81	54	65	journal	journal	PROPN
arjefm-81	54	66	of	of	ADP
arjefm-81	54	67	america	america	PROPN
arjefm-81	54	68	serial	serial	PROPN
arjefm-81	54	69	publication	publication	NOUN
arjefm-81	54	70	american	american	PROPN
arjefm-81	54	71	research	research	PROPN
arjefm-81	54	72	journal	journal	PROPN
arjefm-81	54	73	of	of	ADP
arjefm-81	54	74	economics	economic	NOUN
arjefm-81	54	75	,	,	PUNCT
arjefm-81	54	76	finance	finance	NOUN
arjefm-81	54	77	and	and	CCONJ
arjefm-81	54	78	management	management	NOUN
arjefm-81	54	79	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	54	80	,	,	PUNCT
arjefm-81	54	81	email	email	NOUN
arjefm-81	54	82	:	:	PUNCT
arjefm-81	54	83	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	55	1	42	42	NUM
arjefm-81	56	1	|	|	ADV
arjefm-81	56	2	p	p	X
arjefm-81	56	3	a	a	DET
arjefm-81	56	4	g	g	NOUN
arjefm-81	56	5	e	e	X
arjefm-81	56	6	positive	positive	ADJ
arjefm-81	56	7	outcome	outcome	NOUN
arjefm-81	56	8	of	of	ADP
arjefm-81	56	9	the	the	DET
arjefm-81	56	10	nigeria	nigeria	PROPN
arjefm-81	56	11	’s	’s	PROPN
arjefm-81	56	12	bank	bank	PROPN
arjefm-81	56	13	capitalization	capitalization	NOUN
arjefm-81	56	14	.	.	PUNCT
arjefm-81	57	1	however	however	ADV
arjefm-81	57	2	,	,	PUNCT
arjefm-81	57	3	the	the	DET
arjefm-81	57	4	growth	growth	NOUN
arjefm-81	57	5	rate	rate	NOUN
arjefm-81	57	6	declined	decline	VERB
arjefm-81	57	7	to	to	ADP
arjefm-81	57	8	the	the	DET
arjefm-81	57	9	lowest	low	ADJ
arjefm-81	57	10	in	in	ADP
arjefm-81	57	11	2009	2009	NUM
arjefm-81	57	12	as	as	ADP
arjefm-81	57	13	a	a	DET
arjefm-81	57	14	result	result	NOUN
arjefm-81	57	15	of	of	ADP
arjefm-81	57	16	the	the	DET
arjefm-81	57	17	2007	2007	NUM
arjefm-81	57	18	-	-	SYM
arjefm-81	57	19	2009	2009	NUM
arjefm-81	57	20	global	global	ADJ
arjefm-81	57	21	financial	financial	ADJ
arjefm-81	57	22	crisis	crisis	NOUN
arjefm-81	57	23	.	.	PUNCT
arjefm-81	58	1	afterward	afterward	ADV
arjefm-81	58	2	,	,	PUNCT
arjefm-81	58	3	an	an	DET
arjefm-81	58	4	upward	upward	ADJ
arjefm-81	58	5	trend	trend	NOUN
arjefm-81	58	6	was	be	AUX
arjefm-81	58	7	recorded	record	VERB
arjefm-81	58	8	in	in	ADP
arjefm-81	58	9	their	their	PRON
arjefm-81	58	10	asset	asset	NOUN
arjefm-81	58	11	growth	growth	NOUN
arjefm-81	58	12	rate	rate	NOUN
arjefm-81	58	13	(	(	PUNCT
arjefm-81	58	14	fig	fig	NOUN
arjefm-81	58	15	.	.	PUNCT
arjefm-81	59	1	2).the	2).the	DET
arjefm-81	59	2	poor	poor	ADJ
arjefm-81	59	3	performance	performance	NOUN
arjefm-81	59	4	of	of	ADP
arjefm-81	59	5	nigeria	nigeria	PROPN
arjefm-81	59	6	’s	’s	PART
arjefm-81	59	7	oil	oil	NOUN
arjefm-81	59	8	sector	sector	NOUN
arjefm-81	59	9	has	have	AUX
arjefm-81	59	10	significantly	significantly	ADV
arjefm-81	59	11	created	create	VERB
arjefm-81	59	12	a	a	DET
arjefm-81	59	13	high	high	ADJ
arjefm-81	59	14	pressure	pressure	NOUN
arjefm-81	59	15	on	on	ADP
arjefm-81	59	16	the	the	DET
arjefm-81	59	17	banking	banking	NOUN
arjefm-81	59	18	system	system	NOUN
arjefm-81	59	19	in	in	ADP
arjefm-81	59	20	the	the	DET
arjefm-81	59	21	country	country	NOUN
arjefm-81	59	22	.	.	PUNCT
arjefm-81	60	1	banks	bank	NOUN
arjefm-81	60	2	confronted	confront	VERB
arjefm-81	60	3	with	with	ADP
arjefm-81	60	4	the	the	DET
arjefm-81	60	5	issues	issue	NOUN
arjefm-81	60	6	such	such	ADJ
arjefm-81	60	7	as	as	ADP
arjefm-81	60	8	uncertainty	uncertainty	NOUN
arjefm-81	60	9	before	before	ADP
arjefm-81	60	10	2015	2015	NUM
arjefm-81	60	11	election	election	NOUN
arjefm-81	60	12	.	.	PUNCT
arjefm-81	61	1	implementation	implementation	NOUN
arjefm-81	61	2	of	of	ADP
arjefm-81	61	3	the	the	DET
arjefm-81	61	4	treasury	treasury	PROPN
arjefm-81	61	5	single	single	ADJ
arjefm-81	61	6	account	account	NOUN
arjefm-81	61	7	tsa	tsa	PROPN
arjefm-81	61	8	)	)	PUNCT
arjefm-81	61	9	which	which	PRON
arjefm-81	61	10	mops	mop	VERB
arjefm-81	61	11	cheap	cheap	ADJ
arjefm-81	61	12	government	government	NOUN
arjefm-81	61	13	deposits	deposit	NOUN
arjefm-81	61	14	from	from	ADP
arjefm-81	61	15	banks	bank	NOUN
arjefm-81	61	16	,	,	PUNCT
arjefm-81	61	17	higher	high	ADJ
arjefm-81	61	18	level	level	NOUN
arjefm-81	61	19	of	of	ADP
arjefm-81	61	20	non	non	ADJ
arjefm-81	61	21	-	-	ADJ
arjefm-81	61	22	performing	performing	ADJ
arjefm-81	61	23	loans	loan	NOUN
arjefm-81	61	24	arising	arise	VERB
arjefm-81	61	25	from	from	ADP
arjefm-81	61	26	a	a	DET
arjefm-81	61	27	drastic	drastic	ADJ
arjefm-81	61	28	fall	fall	NOUN
arjefm-81	61	29	in	in	ADP
arjefm-81	61	30	oil	oil	NOUN
arjefm-81	61	31	prices	price	NOUN
arjefm-81	61	32	;	;	PUNCT
arjefm-81	61	33	and	and	CCONJ
arjefm-81	61	34	the	the	DET
arjefm-81	61	35	cbn	cbn	PROPN
arjefm-81	61	36	’s	’s	PART
arjefm-81	61	37	restrictive	restrictive	ADJ
arjefm-81	61	38	policies	policy	NOUN
arjefm-81	61	39	on	on	ADP
arjefm-81	61	40	foreign	foreign	ADJ
arjefm-81	61	41	exchange	exchange	NOUN
arjefm-81	61	42	,	,	PUNCT
arjefm-81	61	43	which	which	PRON
arjefm-81	61	44	hinders	hinder	VERB
arjefm-81	61	45	their	their	PRON
arjefm-81	61	46	lucrative	lucrative	ADJ
arjefm-81	61	47	foreign	foreign	ADJ
arjefm-81	61	48	currency	currency	NOUN
arjefm-81	61	49	business	business	NOUN
arjefm-81	61	50	.	.	PUNCT
arjefm-81	62	1	in	in	ADP
arjefm-81	62	2	addition	addition	NOUN
arjefm-81	62	3	,	,	PUNCT
arjefm-81	62	4	the	the	DET
arjefm-81	62	5	nigerian	nigerian	ADJ
arjefm-81	62	6	banks	bank	NOUN
arjefm-81	62	7	are	be	AUX
arjefm-81	62	8	heavily	heavily	ADV
arjefm-81	62	9	dependent	dependent	ADJ
arjefm-81	62	10	on	on	ADP
arjefm-81	62	11	oil	oil	NOUN
arjefm-81	62	12	and	and	CCONJ
arjefm-81	62	13	gas	gas	NOUN
arjefm-81	62	14	sector	sector	NOUN
arjefm-81	62	15	in	in	ADP
arjefm-81	62	16	the	the	DET
arjefm-81	62	17	sense	sense	NOUN
arjefm-81	62	18	that	that	SCONJ
arjefm-81	62	19	about	about	ADV
arjefm-81	62	20	23.8	23.8	NUM
arjefm-81	62	21	percent	percent	NOUN
arjefm-81	62	22	of	of	ADP
arjefm-81	62	23	their	their	PRON
arjefm-81	62	24	loans	loan	NOUN
arjefm-81	62	25	is	be	AUX
arjefm-81	62	26	provided	provide	VERB
arjefm-81	62	27	to	to	ADP
arjefm-81	62	28	the	the	DET
arjefm-81	62	29	oil	oil	NOUN
arjefm-81	62	30	and	and	CCONJ
arjefm-81	62	31	gas	gas	NOUN
arjefm-81	62	32	sector	sector	NOUN
arjefm-81	62	33	in	in	ADP
arjefm-81	62	34	the	the	DET
arjefm-81	62	35	first	first	ADJ
arjefm-81	62	36	half	half	NOUN
arjefm-81	62	37	of	of	ADP
arjefm-81	62	38	2015	2015	NUM
arjefm-81	62	39	from	from	ADP
arjefm-81	62	40	10	10	NUM
arjefm-81	62	41	percent	percent	NOUN
arjefm-81	62	42	in	in	ADP
arjefm-81	62	43	2014	2014	NUM
arjefm-81	62	44	.	.	PUNCT
arjefm-81	63	1	the	the	DET
arjefm-81	63	2	three	three	NUM
arjefm-81	63	3	largest	large	ADJ
arjefm-81	63	4	banks	bank	NOUN
arjefm-81	63	5	in	in	ADP
arjefm-81	63	6	terms	term	NOUN
arjefm-81	63	7	of	of	ADP
arjefm-81	63	8	asset	asset	NOUN
arjefm-81	63	9	raised	raise	VERB
arjefm-81	63	10	their	their	PRON
arjefm-81	63	11	oil	oil	NOUN
arjefm-81	63	12	and	and	CCONJ
arjefm-81	63	13	gas	gas	NOUN
arjefm-81	63	14	portfolios	portfolio	NOUN
arjefm-81	63	15	by	by	ADP
arjefm-81	63	16	101	101	NUM
arjefm-81	63	17	percent	percent	NOUN
arjefm-81	63	18	,	,	PUNCT
arjefm-81	63	19	47	47	NUM
arjefm-81	63	20	percent	percent	NOUN
arjefm-81	63	21	,	,	PUNCT
arjefm-81	63	22	and	and	CCONJ
arjefm-81	63	23	37	37	NUM
arjefm-81	63	24	percent	percent	NOUN
arjefm-81	63	25	respectively	respectively	ADV
arjefm-81	63	26	in	in	ADP
arjefm-81	63	27	2014(oxford	2014(oxford	NUM
arjefm-81	63	28	analytica	analytica	NOUN
arjefm-81	64	1	[	[	X
arjefm-81	64	2	23	23	NUM
arjefm-81	64	3	]	]	PUNCT
arjefm-81	64	4	)	)	PUNCT
arjefm-81	64	5	.	.	PUNCT
arjefm-81	65	1	the	the	DET
arjefm-81	65	2	recent	recent	ADJ
arjefm-81	65	3	falling	fall	VERB
arjefm-81	65	4	oil	oil	NOUN
arjefm-81	65	5	prices	price	NOUN
arjefm-81	65	6	have	have	AUX
arjefm-81	65	7	adversely	adversely	ADV
arjefm-81	65	8	affected	affect	VERB
arjefm-81	65	9	banks	bank	NOUN
arjefm-81	65	10	’	'	PUNCT
arjefm-81	65	11	performance	performance	NOUN
arjefm-81	65	12	in	in	ADP
arjefm-81	65	13	the	the	DET
arjefm-81	65	14	country	country	NOUN
arjefm-81	65	15	.	.	PUNCT
arjefm-81	66	1	therefore	therefore	ADV
arjefm-81	66	2	,	,	PUNCT
arjefm-81	66	3	there	there	PRON
arjefm-81	66	4	might	might	AUX
arjefm-81	66	5	significantly	significantly	ADV
arjefm-81	66	6	increase	increase	VERB
arjefm-81	66	7	nonperforming	nonperforme	VERB
arjefm-81	66	8	loans	loan	NOUN
arjefm-81	66	9	in	in	ADP
arjefm-81	66	10	most	most	ADJ
arjefm-81	66	11	banks	bank	NOUN
arjefm-81	66	12	,	,	PUNCT
arjefm-81	66	13	which	which	PRON
arjefm-81	66	14	invariably	invariably	ADV
arjefm-81	66	15	might	might	AUX
arjefm-81	66	16	lead	lead	VERB
arjefm-81	66	17	to	to	ADP
arjefm-81	66	18	low	low	ADJ
arjefm-81	66	19	revenue	revenue	NOUN
arjefm-81	66	20	and	and	CCONJ
arjefm-81	66	21	profits	profit	NOUN
arjefm-81	66	22	for	for	ADP
arjefm-81	66	23	them	they	PRON
arjefm-81	66	24	.	.	PUNCT
arjefm-81	67	1	another	another	DET
arjefm-81	67	2	issue	issue	NOUN
arjefm-81	67	3	is	be	AUX
arjefm-81	67	4	how	how	SCONJ
arjefm-81	67	5	honest	honest	ADJ
arjefm-81	67	6	banks	bank	NOUN
arjefm-81	67	7	are	be	AUX
arjefm-81	67	8	in	in	ADP
arjefm-81	67	9	disseminating	disseminate	VERB
arjefm-81	67	10	their	their	PRON
arjefm-81	67	11	financial	financial	ADJ
arjefm-81	67	12	information	information	NOUN
arjefm-81	67	13	on	on	ADP
arjefm-81	67	14	the	the	DET
arjefm-81	67	15	nigerian	nigerian	ADJ
arjefm-81	67	16	stock	stock	NOUN
arjefm-81	67	17	exchange	exchange	PROPN
arjefm-81	67	18	.	.	PUNCT
arjefm-81	68	1	nigerian	nigerian	ADJ
arjefm-81	68	2	banks	bank	NOUN
arjefm-81	68	3	are	be	AUX
arjefm-81	68	4	running	run	VERB
arjefm-81	68	5	in	in	ADP
arjefm-81	68	6	an	an	DET
arjefm-81	68	7	increasing	increase	VERB
arjefm-81	68	8	unfavorable	unfavorable	ADJ
arjefm-81	68	9	business	business	NOUN
arjefm-81	68	10	environment	environment	NOUN
arjefm-81	68	11	as	as	ADP
arjefm-81	68	12	a	a	DET
arjefm-81	68	13	result	result	NOUN
arjefm-81	68	14	of	of	ADP
arjefm-81	68	15	a	a	DET
arjefm-81	68	16	drastic	drastic	ADJ
arjefm-81	68	17	fall	fall	NOUN
arjefm-81	68	18	in	in	ADP
arjefm-81	68	19	their	their	PRON
arjefm-81	68	20	profitability	profitability	NOUN
arjefm-81	68	21	,	,	PUNCT
arjefm-81	68	22	asset	asset	NOUN
arjefm-81	68	23	quality	quality	NOUN
arjefm-81	68	24	,	,	PUNCT
arjefm-81	68	25	liquidity	liquidity	NOUN
arjefm-81	68	26	,	,	PUNCT
arjefm-81	68	27	and	and	CCONJ
arjefm-81	68	28	capital	capital	NOUN
arjefm-81	68	29	ratios	ratio	NOUN
arjefm-81	68	30	.	.	PUNCT
arjefm-81	69	1	their	their	PRON
arjefm-81	69	2	low	low	ADJ
arjefm-81	69	3	performance	performance	NOUN
arjefm-81	69	4	is	be	AUX
arjefm-81	69	5	driven	drive	VERB
arjefm-81	69	6	by	by	ADP
arjefm-81	69	7	their	their	PRON
arjefm-81	69	8	high	high	ADJ
arjefm-81	69	9	exposure	exposure	NOUN
arjefm-81	69	10	to	to	ADP
arjefm-81	69	11	their	their	PRON
arjefm-81	69	12	domestic	domestic	ADJ
arjefm-81	69	13	market	market	NOUN
arjefm-81	69	14	and	and	CCONJ
arjefm-81	69	15	the	the	DET
arjefm-81	69	16	economic	economic	ADJ
arjefm-81	69	17	slowdown	slowdown	NOUN
arjefm-81	69	18	.	.	PUNCT
arjefm-81	70	1	the	the	DET
arjefm-81	70	2	slowdown	slowdown	NOUN
arjefm-81	70	3	is	be	AUX
arjefm-81	70	4	attributed	attribute	VERB
arjefm-81	70	5	to	to	ADP
arjefm-81	70	6	lower	low	ADJ
arjefm-81	70	7	oil	oil	NOUN
arjefm-81	70	8	prices	price	NOUN
arjefm-81	70	9	,	,	PUNCT
arjefm-81	70	10	reduced	reduce	VERB
arjefm-81	70	11	government	government	NOUN
arjefm-81	70	12	spending	spending	NOUN
arjefm-81	70	13	,	,	PUNCT
arjefm-81	70	14	and	and	CCONJ
arjefm-81	70	15	restriction	restriction	NOUN
arjefm-81	70	16	on	on	ADP
arjefm-81	70	17	foreign	foreign	ADJ
arjefm-81	70	18	exchange	exchange	NOUN
arjefm-81	70	19	availability	availability	NOUN
arjefm-81	70	20	.	.	PUNCT
arjefm-81	71	1	since	since	SCONJ
arjefm-81	71	2	the	the	DET
arjefm-81	71	3	implementation	implementation	NOUN
arjefm-81	71	4	of	of	ADP
arjefm-81	71	5	tsa	tsa	NOUN
arjefm-81	71	6	in	in	ADP
arjefm-81	71	7	august	august	PROPN
arjefm-81	71	8	2015	2015	NUM
arjefm-81	71	9	,	,	PUNCT
arjefm-81	71	10	public	public	ADJ
arjefm-81	71	11	deposits	deposit	NOUN
arjefm-81	71	12	which	which	PRON
arjefm-81	71	13	account	account	VERB
arjefm-81	71	14	for	for	ADP
arjefm-81	71	15	about	about	ADV
arjefm-81	71	16	8	8	NUM
arjefm-81	71	17	percent	percent	NOUN
arjefm-81	71	18	of	of	ADP
arjefm-81	71	19	total	total	ADJ
arjefm-81	71	20	deposit	deposit	NOUN
arjefm-81	71	21	withdrew	withdraw	VERB
arjefm-81	71	22	their	their	PRON
arjefm-81	71	23	money	money	NOUN
arjefm-81	71	24	from	from	ADP
arjefm-81	71	25	commercial	commercial	ADJ
arjefm-81	71	26	banks	bank	NOUN
arjefm-81	71	27	.	.	PUNCT
arjefm-81	72	1	this	this	PRON
arjefm-81	72	2	poses	pose	VERB
arjefm-81	72	3	an	an	DET
arjefm-81	72	4	added	add	VERB
arjefm-81	72	5	pressure	pressure	NOUN
arjefm-81	72	6	to	to	ADP
arjefm-81	72	7	bank	bank	NOUN
arjefm-81	72	8	liquidity	liquidity	NOUN
arjefm-81	72	9	.	.	PUNCT
arjefm-81	73	1	loan	loan	NOUN
arjefm-81	73	2	growth	growth	NOUN
arjefm-81	73	3	rate	rate	NOUN
arjefm-81	73	4	was	be	AUX
arjefm-81	73	5	contracted	contract	VERB
arjefm-81	73	6	in	in	ADP
arjefm-81	73	7	mid	mid	NOUN
arjefm-81	73	8	-	-	NOUN
arjefm-81	73	9	year	year	NOUN
arjefm-81	73	10	of	of	ADP
arjefm-81	73	11	2015	2015	NUM
arjefm-81	73	12	and	and	CCONJ
arjefm-81	73	13	nonperforming	nonperforme	VERB
arjefm-81	73	14	loans	loan	NOUN
arjefm-81	73	15	were	be	AUX
arjefm-81	73	16	below	below	ADP
arjefm-81	73	17	10	10	NUM
arjefm-81	73	18	percent	percent	NOUN
arjefm-81	73	19	in	in	ADP
arjefm-81	73	20	2015	2015	NUM
arjefm-81	73	21	.	.	PUNCT
arjefm-81	74	1	some	some	DET
arjefm-81	74	2	structural	structural	ADJ
arjefm-81	74	3	reforms	reform	NOUN
arjefm-81	74	4	have	have	AUX
arjefm-81	74	5	been	be	AUX
arjefm-81	74	6	implemented	implement	VERB
arjefm-81	74	7	by	by	ADP
arjefm-81	74	8	developing	develop	VERB
arjefm-81	74	9	economies	economy	NOUN
arjefm-81	74	10	like	like	ADP
arjefm-81	74	11	nigeria	nigeria	PRON
arjefm-81	74	12	in	in	ADP
arjefm-81	74	13	order	order	NOUN
arjefm-81	74	14	to	to	PART
arjefm-81	74	15	ensure	ensure	VERB
arjefm-81	74	16	that	that	SCONJ
arjefm-81	74	17	the	the	DET
arjefm-81	74	18	banking	banking	NOUN
arjefm-81	74	19	sector	sector	NOUN
arjefm-81	74	20	is	be	AUX
arjefm-81	74	21	financially	financially	ADV
arjefm-81	74	22	and	and	CCONJ
arjefm-81	74	23	efficiently	efficiently	ADV
arjefm-81	74	24	healthy	healthy	ADJ
arjefm-81	74	25	.	.	PUNCT
arjefm-81	75	1	the	the	DET
arjefm-81	75	2	banking	banking	NOUN
arjefm-81	75	3	system	system	NOUN
arjefm-81	75	4	in	in	ADP
arjefm-81	75	5	nigeria	nigeria	PROPN
arjefm-81	75	6	was	be	AUX
arjefm-81	75	7	recorded	record	VERB
arjefm-81	75	8	better	well	ADJ
arjefm-81	75	9	performance	performance	NOUN
arjefm-81	75	10	in	in	ADP
arjefm-81	75	11	the	the	DET
arjefm-81	75	12	1990s	1990	NOUN
arjefm-81	75	13	since	since	SCONJ
arjefm-81	75	14	there	there	PRON
arjefm-81	75	15	was	be	VERB
arjefm-81	75	16	adequate	adequate	ADJ
arjefm-81	75	17	capital	capital	NOUN
arjefm-81	75	18	base	base	NOUN
arjefm-81	75	19	in	in	ADP
arjefm-81	75	20	each	each	DET
arjefm-81	75	21	bank	bank	NOUN
arjefm-81	75	22	to	to	PART
arjefm-81	75	23	perform	perform	VERB
arjefm-81	75	24	the	the	DET
arjefm-81	75	25	financial	financial	ADJ
arjefm-81	75	26	operations	operation	NOUN
arjefm-81	75	27	.	.	PUNCT
arjefm-81	76	1	the	the	DET
arjefm-81	76	2	sector	sector	NOUN
arjefm-81	76	3	experienced	experience	VERB
arjefm-81	76	4	a	a	DET
arjefm-81	76	5	high	high	ADJ
arjefm-81	76	6	level	level	NOUN
arjefm-81	76	7	of	of	ADP
arjefm-81	76	8	fragmentation	fragmentation	NOUN
arjefm-81	76	9	complemented	complement	VERB
arjefm-81	76	10	with	with	ADP
arjefm-81	76	11	alow	alow	NOUN
arjefm-81	76	12	level	level	NOUN
arjefm-81	76	13	of	of	ADP
arjefm-81	76	14	financial	financial	ADJ
arjefm-81	76	15	intermediation	intermediation	NOUN
arjefm-81	76	16	at	at	ADP
arjefm-81	76	17	the	the	DET
arjefm-81	76	18	end	end	NOUN
arjefm-81	76	19	of	of	ADP
arjefm-81	76	20	2014	2014	NUM
arjefm-81	76	21	.	.	PUNCT
arjefm-81	77	1	this	this	PRON
arjefm-81	77	2	drives	drive	VERB
arjefm-81	77	3	the	the	DET
arjefm-81	77	4	banking	banking	NOUN
arjefm-81	77	5	sector	sector	NOUN
arjefm-81	77	6	reform	reform	NOUN
arjefm-81	77	7	by	by	ADP
arjefm-81	77	8	the	the	DET
arjefm-81	77	9	central	central	ADJ
arjefm-81	77	10	bank	bank	PROPN
arjefm-81	77	11	of	of	ADP
arjefm-81	77	12	nigeria	nigeria	PROPN
arjefm-81	77	13	to	to	PART
arjefm-81	77	14	raise	raise	VERB
arjefm-81	77	15	the	the	DET
arjefm-81	77	16	capital	capital	NOUN
arjefm-81	77	17	base	base	NOUN
arjefm-81	77	18	of	of	ADP
arjefm-81	77	19	the	the	DET
arjefm-81	77	20	banks	bank	NOUN
arjefm-81	77	21	from	from	ADP
arjefm-81	77	22	2	2	NUM
arjefm-81	77	23	billion	billion	NUM
arjefm-81	77	24	naira	naira	NOUN
arjefm-81	77	25	to	to	ADP
arjefm-81	77	26	25	25	NUM
arjefm-81	77	27	billion	billion	NUM
arjefm-81	77	28	naira	naira	NOUN
arjefm-81	77	29	,	,	PUNCT
arjefm-81	77	30	and	and	CCONJ
arjefm-81	77	31	invariably	invariably	ADV
arjefm-81	77	32	reduce	reduce	VERB
arjefm-81	77	33	the	the	DET
arjefm-81	77	34	number	number	NOUN
arjefm-81	77	35	of	of	ADP
arjefm-81	77	36	commercial	commercial	ADJ
arjefm-81	77	37	banks	bank	NOUN
arjefm-81	77	38	from	from	ADP
arjefm-81	77	39	89	89	NUM
arjefm-81	77	40	to	to	PART
arjefm-81	77	41	25	25	NUM
arjefm-81	77	42	through	through	ADP
arjefm-81	77	43	the	the	DET
arjefm-81	77	44	process	process	NOUN
arjefm-81	77	45	of	of	ADP
arjefm-81	77	46	mergers	merger	NOUN
arjefm-81	77	47	and	and	CCONJ
arjefm-81	77	48	acquisition	acquisition	NOUN
arjefm-81	77	49	in	in	ADP
arjefm-81	77	50	2006(hessen	2006(hessen	NUM
arjefm-81	77	51	,	,	PUNCT
arjefm-81	77	52	2007	2007	NUM
arjefm-81	77	53	as	as	SCONJ
arjefm-81	77	54	cited	cite	VERB
arjefm-81	77	55	gil	gil	PROPN
arjefm-81	77	56	-	-	PROPN
arjefm-81	77	57	alana	alana	PROPN
arjefm-81	77	58	.	.	PUNCT
arjefm-81	78	1	[	[	X
arjefm-81	78	2	14	14	NUM
arjefm-81	78	3	]	]	SYM
arjefm-81	78	4	)	)	PUNCT
arjefm-81	78	5	.	.	PUNCT
arjefm-81	79	1	however	however	ADV
arjefm-81	79	2	,	,	PUNCT
arjefm-81	79	3	some	some	PRON
arjefm-81	79	4	of	of	ADP
arjefm-81	79	5	the	the	DET
arjefm-81	79	6	25	25	NUM
arjefm-81	79	7	commercial	commercial	ADJ
arjefm-81	79	8	banks	bank	NOUN
arjefm-81	79	9	were	be	AUX
arjefm-81	79	10	characterized	characterize	VERB
arjefm-81	79	11	with	with	ADP
arjefm-81	79	12	fund	fund	NOUN
arjefm-81	79	13	mismanagement	mismanagement	NOUN
arjefm-81	79	14	and	and	CCONJ
arjefm-81	79	15	overvaluation	overvaluation	NOUN
arjefm-81	79	16	of	of	ADP
arjefm-81	79	17	assets	asset	NOUN
arjefm-81	79	18	after	after	ADP
arjefm-81	79	19	cbn	cbn	PROPN
arjefm-81	79	20	reform	reform	NOUN
arjefm-81	79	21	in	in	ADP
arjefm-81	79	22	2006	2006	NUM
arjefm-81	79	23	.	.	PUNCT
arjefm-81	80	1	this	this	PRON
arjefm-81	80	2	further	far	ADV
arjefm-81	80	3	reduced	reduce	VERB
arjefm-81	80	4	the	the	DET
arjefm-81	80	5	number	number	NOUN
arjefm-81	80	6	of	of	ADP
arjefm-81	80	7	banks	bank	NOUN
arjefm-81	80	8	to	to	ADP
arjefm-81	80	9	22(cbn	22(cbn	NUM
arjefm-81	80	10	,	,	PUNCT
arjefm-81	80	11	2014	2014	NUM
arjefm-81	80	12	as	as	SCONJ
arjefm-81	80	13	cited	cite	VERB
arjefm-81	80	14	in	in	ADP
arjefm-81	80	15	gil	gil	PROPN
arjefm-81	80	16	-	-	PROPN
arjefm-81	80	17	alana	alana	PROPN
arjefm-81	80	18	et	et	PROPN
arjefm-81	80	19	al	al	PROPN
arjefm-81	80	20	.	.	PUNCT
arjefm-81	81	1	[	[	X
arjefm-81	81	2	14	14	NUM
arjefm-81	81	3	]	]	SYM
arjefm-81	81	4	)	)	PUNCT
arjefm-81	81	5	.	.	PUNCT
arjefm-81	82	1	a	a	DET
arjefm-81	82	2	robust	robust	ADJ
arjefm-81	82	3	,	,	PUNCT
arjefm-81	82	4	stable	stable	ADJ
arjefm-81	82	5	and	and	CCONJ
arjefm-81	82	6	firmly	firmly	ADV
arjefm-81	82	7	anchored	anchored	ADJ
arjefm-81	82	8	financial	financial	ADJ
arjefm-81	82	9	system	system	NOUN
arjefm-81	82	10	is	be	AUX
arjefm-81	82	11	the	the	DET
arjefm-81	82	12	key	key	ADJ
arjefm-81	82	13	engine	engine	NOUN
arjefm-81	82	14	of	of	ADP
arjefm-81	82	15	a	a	DET
arjefm-81	82	16	long	long	ADJ
arjefm-81	82	17	-	-	PUNCT
arjefm-81	82	18	term	term	NOUN
arjefm-81	82	19	sustainable	sustainable	ADJ
arjefm-81	82	20	economic	economic	ADJ
arjefm-81	82	21	growth	growth	NOUN
arjefm-81	82	22	.	.	PUNCT
arjefm-81	83	1	this	this	PRON
arjefm-81	83	2	is	be	AUX
arjefm-81	83	3	based	base	VERB
arjefm-81	83	4	on	on	ADP
arjefm-81	83	5	the	the	DET
arjefm-81	83	6	fact	fact	NOUN
arjefm-81	83	7	that	that	SCONJ
arjefm-81	83	8	the	the	DET
arjefm-81	83	9	banking	banking	NOUN
arjefm-81	83	10	industry	industry	NOUN
arjefm-81	83	11	provides	provide	VERB
arjefm-81	83	12	required	required	ADJ
arjefm-81	83	13	funds	fund	NOUN
arjefm-81	83	14	for	for	ADP
arjefm-81	83	15	carrying	carry	VERB
arjefm-81	83	16	out	out	ADP
arjefm-81	83	17	production	production	NOUN
arjefm-81	83	18	activities	activity	NOUN
arjefm-81	83	19	in	in	ADP
arjefm-81	83	20	the	the	DET
arjefm-81	83	21	other	other	ADJ
arjefm-81	83	22	sectors	sector	NOUN
arjefm-81	83	23	of	of	ADP
arjefm-81	83	24	the	the	DET
arjefm-81	83	25	economy	economy	NOUN
arjefm-81	83	26	as	as	ADV
arjefm-81	83	27	well	well	ADV
arjefm-81	83	28	as	as	ADP
arjefm-81	83	29	money	money	NOUN
arjefm-81	83	30	needed	need	VERB
arjefm-81	83	31	by	by	ADP
arjefm-81	83	32	final	final	ADJ
arjefm-81	83	33	consumers	consumer	NOUN
arjefm-81	83	34	.	.	PUNCT
arjefm-81	84	1	addressing	address	VERB
arjefm-81	84	2	this	this	DET
arjefm-81	84	3	important	important	ADJ
arjefm-81	84	4	and	and	CCONJ
arjefm-81	84	5	urgent	urgent	ADJ
arjefm-81	84	6	issue	issue	NOUN
arjefm-81	84	7	motivates	motivate	VERB
arjefm-81	84	8	this	this	DET
arjefm-81	84	9	study	study	NOUN
arjefm-81	84	10	.	.	PUNCT
arjefm-81	85	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	85	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	86	1	american	american	PROPN
arjefm-81	86	2	research	research	PROPN
arjefm-81	86	3	journal	journal	PROPN
arjefm-81	86	4	of	of	ADP
arjefm-81	86	5	economics	economic	NOUN
arjefm-81	86	6	,	,	PUNCT
arjefm-81	86	7	finance	finance	NOUN
arjefm-81	86	8	and	and	CCONJ
arjefm-81	86	9	management	management	NOUN
arjefm-81	86	10	volume	volume	NOUN
arjefm-81	86	11	11	11	NUM
arjefm-81	86	12	issue	issue	NOUN
arjefm-81	86	13	2	2	NUM
arjefm-81	86	14	,	,	PUNCT
arjefm-81	86	15	april	april	PROPN
arjefm-81	86	16	-	-	PUNCT
arjefm-81	86	17	june	june	PROPN
arjefm-81	86	18	2023	2023	NUM
arjefm-81	86	19	issn	issn	PROPN
arjefm-81	86	20	:	:	PUNCT
arjefm-81	86	21	2836	2836	NUM
arjefm-81	86	22	-	-	SYM
arjefm-81	86	23	9416	9416	NUM
arjefm-81	86	24	impact	impact	NOUN
arjefm-81	86	25	factor	factor	NOUN
arjefm-81	86	26	:	:	PUNCT
arjefm-81	86	27	5.57	5.57	NUM
arjefm-81	86	28	journal	journal	NOUN
arjefm-81	86	29	homepage	homepage	NOUN
arjefm-81	86	30	:	:	PUNCT
arjefm-81	86	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	86	32	,	,	PUNCT
arjefm-81	86	33	email	email	NOUN
arjefm-81	86	34	:	:	PUNCT
arjefm-81	87	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	87	2	official	official	ADJ
arjefm-81	87	3	journal	journal	PROPN
arjefm-81	87	4	of	of	ADP
arjefm-81	87	5	america	america	PROPN
arjefm-81	87	6	serial	serial	PROPN
arjefm-81	87	7	publication	publication	NOUN
arjefm-81	87	8	american	american	PROPN
arjefm-81	87	9	research	research	PROPN
arjefm-81	87	10	journal	journal	PROPN
arjefm-81	87	11	of	of	ADP
arjefm-81	87	12	economics	economic	NOUN
arjefm-81	87	13	,	,	PUNCT
arjefm-81	87	14	finance	finance	NOUN
arjefm-81	87	15	and	and	CCONJ
arjefm-81	87	16	management	management	NOUN
arjefm-81	87	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	87	18	,	,	PUNCT
arjefm-81	87	19	email	email	NOUN
arjefm-81	87	20	:	:	PUNCT
arjefm-81	87	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	88	1	43	43	NUM
arjefm-81	89	1	|	|	ADV
arjefm-81	89	2	p	p	X
arjefm-81	89	3	a	a	DET
arjefm-81	89	4	g	g	NOUN
arjefm-81	89	5	e	e	NOUN
arjefm-81	89	6	3	3	X
arjefm-81	89	7	.	.	PUNCT
arjefm-81	90	1	literature	literature	NOUN
arjefm-81	90	2	reviews	review	NOUN
arjefm-81	90	3	on	on	ADP
arjefm-81	90	4	the	the	DET
arjefm-81	90	5	determinants	determinant	NOUN
arjefm-81	90	6	of	of	ADP
arjefm-81	90	7	bank	bank	NOUN
arjefm-81	90	8	profitability	profitability	NOUN
arjefm-81	90	9	the	the	DET
arjefm-81	90	10	empirical	empirical	ADJ
arjefm-81	90	11	studies	study	NOUN
arjefm-81	90	12	on	on	ADP
arjefm-81	90	13	determinants	determinant	NOUN
arjefm-81	90	14	of	of	ADP
arjefm-81	90	15	bank	bank	NOUN
arjefm-81	90	16	profitability	profitability	NOUN
arjefm-81	90	17	have	have	AUX
arjefm-81	90	18	increased	increase	VERB
arjefm-81	90	19	particularly	particularly	ADV
arjefm-81	90	20	those	those	PRON
arjefm-81	90	21	that	that	PRON
arjefm-81	90	22	investigated	investigate	VERB
arjefm-81	90	23	the	the	DET
arjefm-81	90	24	level	level	NOUN
arjefm-81	90	25	of	of	ADP
arjefm-81	90	26	profitability	profitability	NOUN
arjefm-81	90	27	in	in	ADP
arjefm-81	90	28	the	the	DET
arjefm-81	90	29	banking	banking	NOUN
arjefm-81	90	30	industry	industry	NOUN
arjefm-81	90	31	of	of	ADP
arjefm-81	90	32	advanced	advanced	ADJ
arjefm-81	90	33	economies	economy	NOUN
arjefm-81	90	34	and	and	CCONJ
arjefm-81	90	35	more	more	ADV
arjefm-81	90	36	recently	recently	ADV
arjefm-81	90	37	,	,	PUNCT
arjefm-81	90	38	in	in	ADP
arjefm-81	90	39	some	some	DET
arjefm-81	90	40	developing	develop	VERB
arjefm-81	90	41	economies	economy	NOUN
arjefm-81	90	42	like	like	ADP
arjefm-81	90	43	nigeria	nigeria	PROPN
arjefm-81	90	44	.	.	PUNCT
arjefm-81	91	1	table	table	NOUN
arjefm-81	91	2	1	1	NUM
arjefm-81	91	3	summarizes	summarize	NOUN
arjefm-81	91	4	the	the	DET
arjefm-81	91	5	selected	select	VERB
arjefm-81	91	6	recent	recent	ADJ
arjefm-81	91	7	studies	study	NOUN
arjefm-81	91	8	on	on	ADP
arjefm-81	91	9	the	the	DET
arjefm-81	91	10	determinants	determinant	NOUN
arjefm-81	91	11	of	of	ADP
arjefm-81	91	12	bank	bank	NOUN
arjefm-81	91	13	profitability	profitability	NOUN
arjefm-81	91	14	at	at	ADP
arjefm-81	91	15	country	country	NOUN
arjefm-81	91	16	-	-	PUNCT
arjefm-81	91	17	specific	specific	ADJ
arjefm-81	91	18	or	or	CCONJ
arjefm-81	91	19	cross	cross	ADJ
arjefm-81	91	20	-	-	ADJ
arjefm-81	91	21	country	country	ADJ
arjefm-81	91	22	levels	level	NOUN
arjefm-81	91	23	.	.	PUNCT
arjefm-81	92	1	based	base	VERB
arjefm-81	92	2	on	on	ADP
arjefm-81	92	3	the	the	DET
arjefm-81	92	4	literature	literature	NOUN
arjefm-81	92	5	,	,	PUNCT
arjefm-81	92	6	the	the	DET
arjefm-81	92	7	existing	exist	VERB
arjefm-81	92	8	studies	study	NOUN
arjefm-81	92	9	on	on	ADP
arjefm-81	92	10	determinants	determinant	NOUN
arjefm-81	92	11	of	of	ADP
arjefm-81	92	12	bank	bank	NOUN
arjefm-81	92	13	profitability	profitability	NOUN
arjefm-81	92	14	can	can	AUX
arjefm-81	92	15	be	be	AUX
arjefm-81	92	16	broadly	broadly	ADV
arjefm-81	92	17	grouped	group	VERB
arjefm-81	92	18	into	into	ADP
arjefm-81	92	19	two	two	NUM
arjefm-81	92	20	.	.	PUNCT
arjefm-81	93	1	the	the	DET
arjefm-81	93	2	first	first	ADJ
arjefm-81	93	3	stream	stream	NOUN
arjefm-81	93	4	of	of	ADP
arjefm-81	93	5	research	research	NOUN
arjefm-81	93	6	examined	examine	VERB
arjefm-81	93	7	factors	factor	NOUN
arjefm-81	93	8	that	that	PRON
arjefm-81	93	9	drive	drive	VERB
arjefm-81	93	10	the	the	DET
arjefm-81	93	11	level	level	NOUN
arjefm-81	93	12	of	of	ADP
arjefm-81	93	13	profitability	profitability	NOUN
arjefm-81	93	14	in	in	ADP
arjefm-81	93	15	a	a	DET
arjefm-81	93	16	bank	bank	NOUN
arjefm-81	93	17	using	use	VERB
arjefm-81	93	18	cross	cross	ADJ
arjefm-81	93	19	-	-	ADJ
arjefm-81	93	20	country	country	ADJ
arjefm-81	93	21	data	datum	NOUN
arjefm-81	93	22	while	while	SCONJ
arjefm-81	93	23	the	the	DET
arjefm-81	93	24	second	second	ADJ
arjefm-81	93	25	stream	stream	NOUN
arjefm-81	93	26	examined	examine	VERB
arjefm-81	93	27	this	this	PRON
arjefm-81	93	28	based	base	VERB
arjefm-81	93	29	on	on	ADP
arjefm-81	93	30	the	the	DET
arjefm-81	93	31	country	country	NOUN
arjefm-81	93	32	-	-	PUNCT
arjefm-81	93	33	specific	specific	ADJ
arjefm-81	93	34	data	datum	NOUN
arjefm-81	93	35	.	.	PUNCT
arjefm-81	94	1	the	the	DET
arjefm-81	94	2	first	first	ADJ
arjefm-81	94	3	stream	stream	NOUN
arjefm-81	94	4	of	of	ADP
arjefm-81	94	5	research	research	NOUN
arjefm-81	94	6	work	work	NOUN
arjefm-81	94	7	includes	include	VERB
arjefm-81	94	8	flamini	flamini	NOUN
arjefm-81	94	9	et	et	NOUN
arjefm-81	94	10	al.[12	al.[12	PROPN
arjefm-81	94	11	]	]	PUNCT
arjefm-81	94	12	,	,	PUNCT
arjefm-81	94	13	titko	titko	PROPN
arjefm-81	94	14	et	et	PROPN
arjefm-81	94	15	al.[32	al.[32	PROPN
arjefm-81	94	16	]	]	PUNCT
arjefm-81	94	17	,	,	PUNCT
arjefm-81	94	18	petria	petria	PROPN
arjefm-81	94	19	et	et	PROPN
arjefm-81	94	20	al.[27	al.[27	PROPN
arjefm-81	94	21	]	]	PUNCT
arjefm-81	94	22	,	,	PUNCT
arjefm-81	94	23	djalilov	djalilov	NOUN
arjefm-81	94	24	and	and	CCONJ
arjefm-81	94	25	piesse	piesse	NOUN
arjefm-81	95	1	[	[	X
arjefm-81	95	2	10	10	NUM
arjefm-81	95	3	]	]	PUNCT
arjefm-81	95	4	,	,	PUNCT
arjefm-81	95	5	bourke	bourke	PROPN
arjefm-81	96	1	[	[	X
arjefm-81	96	2	6	6	NUM
arjefm-81	96	3	]	]	PUNCT
arjefm-81	96	4	,	,	PUNCT
arjefm-81	96	5	short	short	ADJ
arjefm-81	96	6	[	[	X
arjefm-81	96	7	28	28	NUM
arjefm-81	96	8	]	]	PUNCT
arjefm-81	96	9	,	,	PUNCT
arjefm-81	96	10	pasiouras	pasiouras	NOUN
arjefm-81	96	11	and	and	CCONJ
arjefm-81	96	12	kosmidou	kosmidou	PROPN
arjefm-81	96	13	[	[	X
arjefm-81	96	14	25	25	NUM
arjefm-81	96	15	]	]	PUNCT
arjefm-81	96	16	,	,	PUNCT
arjefm-81	96	17	hsieh	hsieh	PROPN
arjefm-81	96	18	and	and	CCONJ
arjefm-81	96	19	lee	lee	PROPN
arjefm-81	97	1	[	[	X
arjefm-81	97	2	15	15	NUM
arjefm-81	97	3	]	]	PUNCT
arjefm-81	97	4	,	,	PUNCT
arjefm-81	97	5	molyneux	molyneux	PROPN
arjefm-81	97	6	and	and	CCONJ
arjefm-81	97	7	thornton	thornton	PROPN
arjefm-81	97	8	[	[	X
arjefm-81	97	9	20	20	NUM
arjefm-81	97	10	]	]	PUNCT
arjefm-81	97	11	,	,	PUNCT
arjefm-81	97	12	naceur	naceur	ADV
arjefm-81	97	13	&	&	CCONJ
arjefm-81	97	14	omran	omran	PROPN
arjefm-81	98	1	[	[	X
arjefm-81	98	2	22	22	NUM
arjefm-81	98	3	]	]	PUNCT
arjefm-81	98	4	,	,	PUNCT
arjefm-81	98	5	albertazzi	albertazzi	NOUN
arjefm-81	98	6	and	and	CCONJ
arjefm-81	98	7	gambacorta	gambacorta	NOUN
arjefm-81	99	1	[	[	X
arjefm-81	99	2	2	2	NUM
arjefm-81	99	3	]	]	PUNCT
arjefm-81	99	4	.	.	PUNCT
arjefm-81	100	1	for	for	ADP
arjefm-81	100	2	instance	instance	NOUN
arjefm-81	100	3	,	,	PUNCT
arjefm-81	100	4	djalilov	djalilov	VERB
arjefm-81	100	5	and	and	CCONJ
arjefm-81	100	6	piesse	piesse	NOUN
arjefm-81	100	7	[	[	X
arjefm-81	100	8	10	10	NUM
arjefm-81	100	9	]	]	PUNCT
arjefm-81	100	10	examined	examine	VERB
arjefm-81	100	11	the	the	DET
arjefm-81	100	12	factors	factor	NOUN
arjefm-81	100	13	that	that	PRON
arjefm-81	100	14	influence	influence	VERB
arjefm-81	100	15	the	the	DET
arjefm-81	100	16	level	level	NOUN
arjefm-81	100	17	of	of	ADP
arjefm-81	100	18	bank	bank	NOUN
arjefm-81	100	19	profitability	profitability	NOUN
arjefm-81	100	20	in	in	ADP
arjefm-81	100	21	transition	transition	NOUN
arjefm-81	100	22	economies	economy	NOUN
arjefm-81	100	23	particularly	particularly	ADV
arjefm-81	100	24	in	in	ADP
arjefm-81	100	25	central	central	ADJ
arjefm-81	100	26	and	and	CCONJ
arjefm-81	100	27	eastern	eastern	ADJ
arjefm-81	100	28	europe	europe	PROPN
arjefm-81	100	29	between	between	ADP
arjefm-81	100	30	2000	2000	NUM
arjefm-81	100	31	and	and	CCONJ
arjefm-81	100	32	2013	2013	NUM
arjefm-81	100	33	for	for	ADP
arjefm-81	100	34	275	275	NUM
arjefm-81	100	35	banks	bank	NOUN
arjefm-81	100	36	using	use	VERB
arjefm-81	100	37	the	the	DET
arjefm-81	100	38	generalized	generalized	ADJ
arjefm-81	100	39	method	method	NOUN
arjefm-81	100	40	of	of	ADP
arjefm-81	100	41	moments	moment	NOUN
arjefm-81	100	42	(	(	PUNCT
arjefm-81	100	43	gmm	gmm	NOUN
arjefm-81	100	44	)	)	PUNCT
arjefm-81	100	45	technique	technique	NOUN
arjefm-81	100	46	.	.	PUNCT
arjefm-81	101	1	they	they	PRON
arjefm-81	101	2	found	find	VERB
arjefm-81	101	3	that	that	SCONJ
arjefm-81	101	4	credit	credit	NOUN
arjefm-81	101	5	risk	risk	NOUN
arjefm-81	101	6	positively	positively	ADV
arjefm-81	101	7	and	and	CCONJ
arjefm-81	101	8	significantly	significantly	ADV
arjefm-81	101	9	determined	determine	VERB
arjefm-81	101	10	bank	bank	NOUN
arjefm-81	101	11	profitability	profitability	NOUN
arjefm-81	101	12	in	in	ADP
arjefm-81	101	13	the	the	DET
arjefm-81	101	14	early	early	ADJ
arjefm-81	101	15	transition	transition	NOUN
arjefm-81	101	16	but	but	CCONJ
arjefm-81	101	17	exhibited	exhibit	VERB
arjefm-81	101	18	a	a	DET
arjefm-81	101	19	negative	negative	ADJ
arjefm-81	101	20	impact	impact	NOUN
arjefm-81	101	21	in	in	ADP
arjefm-81	101	22	the	the	DET
arjefm-81	101	23	late	late	ADJ
arjefm-81	101	24	transition	transition	NOUN
arjefm-81	101	25	countries	country	NOUN
arjefm-81	101	26	.	.	PUNCT
arjefm-81	102	1	the	the	DET
arjefm-81	102	2	adverse	adverse	ADJ
arjefm-81	102	3	relationship	relationship	NOUN
arjefm-81	102	4	was	be	AUX
arjefm-81	102	5	found	find	VERB
arjefm-81	102	6	between	between	ADP
arjefm-81	102	7	governance	governance	NOUN
arjefm-81	102	8	and	and	CCONJ
arjefm-81	102	9	bank	bank	NOUN
arjefm-81	102	10	profitability	profitability	NOUN
arjefm-81	102	11	,	,	PUNCT
arjefm-81	102	12	and	and	CCONJ
arjefm-81	102	13	between	between	ADP
arjefm-81	102	14	monetary	monetary	ADJ
arjefm-81	102	15	freedom	freedom	NOUN
arjefm-81	102	16	and	and	CCONJ
arjefm-81	102	17	bank	bank	NOUN
arjefm-81	102	18	profitability	profitability	NOUN
arjefm-81	102	19	only	only	ADV
arjefm-81	102	20	in	in	ADP
arjefm-81	102	21	late	late	ADJ
arjefm-81	102	22	transition	transition	NOUN
arjefm-81	102	23	economies	economy	NOUN
arjefm-81	102	24	.	.	PUNCT
arjefm-81	103	1	in	in	ADP
arjefm-81	103	2	addition	addition	NOUN
arjefm-81	103	3	,	,	PUNCT
arjefm-81	103	4	better	well	ADV
arjefm-81	103	5	-	-	PUNCT
arjefm-81	103	6	capitalized	capitalize	VERB
arjefm-81	103	7	banks	bank	NOUN
arjefm-81	103	8	were	be	AUX
arjefm-81	103	9	more	more	ADV
arjefm-81	103	10	profitable	profitable	ADJ
arjefm-81	103	11	in	in	ADP
arjefm-81	103	12	early	early	ADJ
arjefm-81	103	13	transition	transition	NOUN
arjefm-81	103	14	countries	country	NOUN
arjefm-81	103	15	.	.	PUNCT
arjefm-81	104	1	however	however	ADV
arjefm-81	104	2	,	,	PUNCT
arjefm-81	104	3	titko	titko	PROPN
arjefm-81	104	4	et	et	PROPN
arjefm-81	104	5	al	al	PROPN
arjefm-81	104	6	.	.	PUNCT
arjefm-81	105	1	[	[	X
arjefm-81	105	2	32	32	NUM
arjefm-81	105	3	]	]	PUNCT
arjefm-81	105	4	conducted	conduct	VERB
arjefm-81	105	5	both	both	PRON
arjefm-81	105	6	multiple	multiple	ADJ
arjefm-81	105	7	regression	regression	NOUN
arjefm-81	105	8	and	and	CCONJ
arjefm-81	105	9	correlation	correlation	NOUN
arjefm-81	105	10	analyses	analysis	NOUN
arjefm-81	105	11	to	to	PART
arjefm-81	105	12	determine	determine	VERB
arjefm-81	105	13	the	the	DET
arjefm-81	105	14	drivers	driver	NOUN
arjefm-81	105	15	of	of	ADP
arjefm-81	105	16	bank	bank	NOUN
arjefm-81	105	17	profitability	profitability	NOUN
arjefm-81	105	18	in	in	ADP
arjefm-81	105	19	latvia	latvia	PROPN
arjefm-81	105	20	and	and	CCONJ
arjefm-81	105	21	lithuania	lithuania	PROPN
arjefm-81	105	22	from	from	ADP
arjefm-81	105	23	2008	2008	NUM
arjefm-81	105	24	to	to	ADP
arjefm-81	105	25	2014	2014	NUM
arjefm-81	105	26	.	.	PUNCT
arjefm-81	106	1	their	their	PRON
arjefm-81	106	2	findings	finding	NOUN
arjefm-81	106	3	indicated	indicate	VERB
arjefm-81	106	4	the	the	DET
arjefm-81	106	5	absence	absence	NOUN
arjefm-81	106	6	of	of	ADP
arjefm-81	106	7	a	a	DET
arjefm-81	106	8	significant	significant	ADJ
arjefm-81	106	9	link	link	NOUN
arjefm-81	106	10	between	between	ADP
arjefm-81	106	11	net	net	ADJ
arjefm-81	106	12	interest	interest	NOUN
arjefm-81	106	13	margin	margin	NOUN
arjefm-81	106	14	(	(	PUNCT
arjefm-81	106	15	measures	measure	NOUN
arjefm-81	106	16	profitability	profitability	NOUN
arjefm-81	106	17	for	for	ADP
arjefm-81	106	18	latvia	latvia	PROPN
arjefm-81	106	19	)	)	PUNCT
arjefm-81	106	20	,	,	PUNCT
arjefm-81	106	21	net	net	ADJ
arjefm-81	106	22	commission	commission	NOUN
arjefm-81	106	23	and	and	CCONJ
arjefm-81	106	24	fees	fee	NOUN
arjefm-81	106	25	income	income	NOUN
arjefm-81	106	26	as	as	ADP
arjefm-81	106	27	a	a	DET
arjefm-81	106	28	percentage	percentage	NOUN
arjefm-81	106	29	total	total	NOUN
arjefm-81	106	30	assets	asset	NOUN
arjefm-81	106	31	(	(	PUNCT
arjefm-81	106	32	measure	measure	NOUN
arjefm-81	106	33	profitability	profitability	NOUN
arjefm-81	106	34	for	for	ADP
arjefm-81	106	35	lithuania	lithuania	PROPN
arjefm-81	106	36	)	)	PUNCT
arjefm-81	106	37	,	,	PUNCT
arjefm-81	106	38	and	and	CCONJ
arjefm-81	106	39	independent	independent	ADJ
arjefm-81	106	40	variables	variable	NOUN
arjefm-81	106	41	.	.	PUNCT
arjefm-81	107	1	petria	petria	PROPN
arjefm-81	107	2	et	et	PROPN
arjefm-81	107	3	al	al	PROPN
arjefm-81	107	4	.	.	PUNCT
arjefm-81	108	1	[	[	X
arjefm-81	108	2	27	27	NUM
arjefm-81	108	3	]	]	PUNCT
arjefm-81	108	4	employed	employ	VERB
arjefm-81	108	5	panel	panel	NOUN
arjefm-81	108	6	data	datum	NOUN
arjefm-81	108	7	to	to	PART
arjefm-81	108	8	analyze	analyze	VERB
arjefm-81	108	9	the	the	DET
arjefm-81	108	10	determinants	determinant	NOUN
arjefm-81	108	11	of	of	ADP
arjefm-81	108	12	bank	bank	NOUN
arjefm-81	108	13	profitability	profitability	NOUN
arjefm-81	108	14	in	in	ADP
arjefm-81	108	15	the	the	DET
arjefm-81	108	16	european	european	PROPN
arjefm-81	108	17	union	union	PROPN
arjefm-81	108	18	between	between	ADP
arjefm-81	108	19	2004	2004	NUM
arjefm-81	108	20	and	and	CCONJ
arjefm-81	108	21	2011	2011	NUM
arjefm-81	108	22	with	with	ADP
arjefm-81	108	23	the	the	DET
arjefm-81	108	24	aid	aid	NOUN
arjefm-81	108	25	of	of	ADP
arjefm-81	108	26	fixed	fix	VERB
arjefm-81	108	27	effect	effect	NOUN
arjefm-81	108	28	and	and	CCONJ
arjefm-81	108	29	random	random	ADJ
arjefm-81	108	30	effect	effect	NOUN
arjefm-81	108	31	models	model	NOUN
arjefm-81	108	32	.	.	PUNCT
arjefm-81	109	1	their	their	PRON
arjefm-81	109	2	result	result	NOUN
arjefm-81	109	3	showed	show	VERB
arjefm-81	109	4	that	that	SCONJ
arjefm-81	109	5	bank	bank	NOUN
arjefm-81	109	6	profitability	profitability	NOUN
arjefm-81	109	7	(	(	PUNCT
arjefm-81	109	8	returns	return	NOUN
arjefm-81	109	9	on	on	ADP
arjefm-81	109	10	average	average	ADJ
arjefm-81	109	11	assets	asset	NOUN
arjefm-81	109	12	and	and	CCONJ
arjefm-81	109	13	returns	return	NOUN
arjefm-81	109	14	on	on	ADP
arjefm-81	109	15	average	average	ADJ
arjefm-81	109	16	equity	equity	NOUN
arjefm-81	109	17	)	)	PUNCT
arjefm-81	109	18	received	receive	VERB
arjefm-81	109	19	significant	significant	ADJ
arjefm-81	109	20	influence	influence	NOUN
arjefm-81	109	21	from	from	ADP
arjefm-81	109	22	credit	credit	NOUN
arjefm-81	109	23	and	and	CCONJ
arjefm-81	109	24	liquidity	liquidity	NOUN
arjefm-81	109	25	risk	risk	NOUN
arjefm-81	109	26	,	,	PUNCT
arjefm-81	109	27	management	management	NOUN
arjefm-81	109	28	efficiency	efficiency	NOUN
arjefm-81	109	29	,	,	PUNCT
arjefm-81	109	30	the	the	DET
arjefm-81	109	31	diversification	diversification	NOUN
arjefm-81	109	32	of	of	ADP
arjefm-81	109	33	business	business	NOUN
arjefm-81	109	34	,	,	PUNCT
arjefm-81	109	35	the	the	DET
arjefm-81	109	36	market	market	NOUN
arjefm-81	109	37	concentration	concentration	NOUN
arjefm-81	109	38	/	/	SYM
arjefm-81	109	39	competition	competition	NOUN
arjefm-81	109	40	,	,	PUNCT
arjefm-81	109	41	and	and	CCONJ
arjefm-81	109	42	economic	economic	ADJ
arjefm-81	109	43	growth	growth	NOUN
arjefm-81	109	44	.	.	PUNCT
arjefm-81	110	1	however	however	ADV
arjefm-81	110	2	,	,	PUNCT
arjefm-81	110	3	bank	bank	NOUN
arjefm-81	110	4	size	size	NOUN
arjefm-81	110	5	did	do	AUX
arjefm-81	110	6	not	not	PART
arjefm-81	110	7	exhibit	exhibit	VERB
arjefm-81	110	8	any	any	DET
arjefm-81	110	9	significant	significant	ADJ
arjefm-81	110	10	influence	influence	NOUN
arjefm-81	110	11	on	on	ADP
arjefm-81	110	12	roae	roae	NOUN
arjefm-81	110	13	but	but	CCONJ
arjefm-81	110	14	had	have	VERB
arjefm-81	110	15	a	a	DET
arjefm-81	110	16	small	small	ADJ
arjefm-81	110	17	and	and	CCONJ
arjefm-81	110	18	weak	weak	ADJ
arjefm-81	110	19	significant	significant	ADJ
arjefm-81	110	20	impact	impact	NOUN
arjefm-81	110	21	in	in	ADP
arjefm-81	110	22	the	the	DET
arjefm-81	110	23	case	case	NOUN
arjefm-81	110	24	of	of	ADP
arjefm-81	110	25	roaa	roaa	PROPN
arjefm-81	110	26	.	.	PUNCT
arjefm-81	111	1	furthermore	furthermore	ADV
arjefm-81	111	2	,	,	PUNCT
arjefm-81	111	3	nuceur	nuceur	ADJ
arjefm-81	111	4	and	and	CCONJ
arjefm-81	111	5	omran	omran	ADJ
arjefm-81	112	1	[	[	X
arjefm-81	112	2	22	22	NUM
arjefm-81	112	3	]	]	PUNCT
arjefm-81	112	4	examined	examine	VERB
arjefm-81	112	5	the	the	DET
arjefm-81	112	6	influence	influence	NOUN
arjefm-81	112	7	of	of	ADP
arjefm-81	112	8	bank	bank	NOUN
arjefm-81	112	9	regulation	regulation	NOUN
arjefm-81	112	10	and	and	CCONJ
arjefm-81	112	11	financial	financial	ADJ
arjefm-81	112	12	reforms	reform	NOUN
arjefm-81	112	13	on	on	ADP
arjefm-81	112	14	banks	bank	NOUN
arjefm-81	112	15	’	'	PUNCT
arjefm-81	112	16	performance	performance	NOUN
arjefm-81	112	17	in	in	ADP
arjefm-81	112	18	mena	mena	PROPN
arjefm-81	112	19	region	region	PROPN
arjefm-81	112	20	by	by	ADP
arjefm-81	112	21	applying	apply	VERB
arjefm-81	112	22	the	the	DET
arjefm-81	112	23	dynamic	dynamic	ADJ
arjefm-81	112	24	system	system	NOUN
arjefm-81	112	25	generalized	generalize	VERB
arjefm-81	112	26	method	method	NOUN
arjefm-81	112	27	of	of	ADP
arjefm-81	112	28	moments	moment	NOUN
arjefm-81	112	29	(	(	PUNCT
arjefm-81	112	30	gmm	gmm	NOUN
arjefm-81	112	31	)	)	PUNCT
arjefm-81	112	32	technique	technique	NOUN
arjefm-81	112	33	for	for	ADP
arjefm-81	112	34	the	the	DET
arjefm-81	112	35	sample	sample	NOUN
arjefm-81	112	36	period	period	NOUN
arjefm-81	112	37	1988	1988	NUM
arjefm-81	112	38	-	-	SYM
arjefm-81	112	39	2005	2005	NUM
arjefm-81	112	40	.	.	PUNCT
arjefm-81	113	1	they	they	PRON
arjefm-81	113	2	found	find	VERB
arjefm-81	113	3	that	that	SCONJ
arjefm-81	113	4	the	the	DET
arjefm-81	113	5	bank	bank	NOUN
arjefm-81	113	6	-	-	PUNCT
arjefm-81	113	7	specific	specific	ADJ
arjefm-81	113	8	variables	variable	NOUN
arjefm-81	113	9	particularly	particularly	ADV
arjefm-81	113	10	bank	bank	NOUN
arjefm-81	113	11	capitalization	capitalization	NOUN
arjefm-81	113	12	and	and	CCONJ
arjefm-81	113	13	credit	credit	NOUN
arjefm-81	113	14	risk	risk	NOUN
arjefm-81	113	15	exhibit	exhibit	VERB
arjefm-81	113	16	a	a	DET
arjefm-81	113	17	positive	positive	ADJ
arjefm-81	113	18	and	and	CCONJ
arjefm-81	113	19	significant	significant	ADJ
arjefm-81	113	20	impact	impact	NOUN
arjefm-81	113	21	on	on	ADP
arjefm-81	113	22	net	net	ADJ
arjefm-81	113	23	interest	interest	NOUN
arjefm-81	113	24	margin	margin	NOUN
arjefm-81	113	25	,	,	PUNCT
arjefm-81	113	26	cost	cost	NOUN
arjefm-81	113	27	efficiency	efficiency	NOUN
arjefm-81	113	28	and	and	CCONJ
arjefm-81	113	29	profitability	profitability	NOUN
arjefm-81	113	30	of	of	ADP
arjefm-81	113	31	banks	bank	NOUN
arjefm-81	113	32	,	,	PUNCT
arjefm-81	113	33	but	but	CCONJ
arjefm-81	113	34	no	no	DET
arjefm-81	113	35	significant	significant	ADJ
arjefm-81	113	36	influence	influence	NOUN
arjefm-81	113	37	from	from	ADP
arjefm-81	113	38	macroeconomic	macroeconomic	ADJ
arjefm-81	113	39	and	and	CCONJ
arjefm-81	113	40	financial	financial	ADJ
arjefm-81	113	41	development	development	NOUN
arjefm-81	113	42	variables	variable	NOUN
arjefm-81	113	43	.	.	PUNCT
arjefm-81	114	1	in	in	ADP
arjefm-81	114	2	addition	addition	NOUN
arjefm-81	114	3	,	,	PUNCT
arjefm-81	114	4	they	they	PRON
arjefm-81	114	5	identified	identify	VERB
arjefm-81	114	6	that	that	PRON
arjefm-81	114	7	regulatory	regulatory	ADJ
arjefm-81	114	8	and	and	CCONJ
arjefm-81	114	9	institutional	institutional	ADJ
arjefm-81	114	10	variables	variable	NOUN
arjefm-81	114	11	have	have	VERB
arjefm-81	114	12	an	an	DET
arjefm-81	114	13	influence	influence	NOUN
arjefm-81	114	14	on	on	ADP
arjefm-81	114	15	bank	bank	NOUN
arjefm-81	114	16	performance	performance	NOUN
arjefm-81	114	17	.	.	PUNCT
arjefm-81	115	1	in	in	ADP
arjefm-81	115	2	the	the	DET
arjefm-81	115	3	same	same	ADJ
arjefm-81	115	4	vein	vein	NOUN
arjefm-81	115	5	,	,	PUNCT
arjefm-81	115	6	hsieh	hsieh	PROPN
arjefm-81	115	7	and	and	CCONJ
arjefm-81	115	8	lee	lee	PROPN
arjefm-81	116	1	[	[	X
arjefm-81	116	2	15	15	NUM
arjefm-81	116	3	]	]	PUNCT
arjefm-81	116	4	empirically	empirically	ADV
arjefm-81	116	5	addressed	address	VERB
arjefm-81	116	6	the	the	DET
arjefm-81	116	7	puzzle	puzzle	NOUN
arjefm-81	116	8	between	between	ADP
arjefm-81	116	9	banking	banking	NOUN
arjefm-81	116	10	competition	competition	NOUN
arjefm-81	116	11	and	and	CCONJ
arjefm-81	116	12	profitability	profitability	NOUN
arjefm-81	116	13	for	for	ADP
arjefm-81	116	14	61	61	NUM
arjefm-81	116	15	countries	country	NOUN
arjefm-81	116	16	from	from	ADP
arjefm-81	116	17	1992	1992	NUM
arjefm-81	116	18	to	to	ADP
arjefm-81	116	19	2006	2006	NUM
arjefm-81	116	20	using	use	VERB
arjefm-81	116	21	the	the	DET
arjefm-81	116	22	dynamic	dynamic	ADJ
arjefm-81	116	23	generalized	generalized	ADJ
arjefm-81	116	24	method	method	NOUN
arjefm-81	116	25	of	of	ADP
arjefm-81	116	26	moments	moment	NOUN
arjefm-81	116	27	(	(	PUNCT
arjefm-81	116	28	gmm	gmm	NOUN
arjefm-81	116	29	)	)	PUNCT
arjefm-81	116	30	technique	technique	NOUN
arjefm-81	116	31	.	.	PUNCT
arjefm-81	117	1	they	they	PRON
arjefm-81	117	2	concluded	conclude	VERB
arjefm-81	117	3	that	that	SCONJ
arjefm-81	117	4	higher	high	ADJ
arjefm-81	117	5	degree	degree	NOUN
arjefm-81	117	6	of	of	ADP
arjefm-81	117	7	activity	activity	NOUN
arjefm-81	117	8	restriction	restriction	NOUN
arjefm-81	117	9	with	with	ADP
arjefm-81	117	10	the	the	DET
arjefm-81	117	11	change	change	NOUN
arjefm-81	117	12	in	in	ADP
arjefm-81	117	13	market	market	NOUN
arjefm-81	117	14	structure	structure	NOUN
arjefm-81	117	15	boosts	boost	VERB
arjefm-81	117	16	banks	bank	NOUN
arjefm-81	117	17	’	'	PUNCT
arjefm-81	117	18	profit	profit	NOUN
arjefm-81	117	19	;	;	PUNCT
arjefm-81	117	20	restriction	restriction	NOUN
arjefm-81	117	21	of	of	ADP
arjefm-81	117	22	commercial	commercial	ADJ
arjefm-81	117	23	banks	bank	NOUN
arjefm-81	117	24	to	to	PART
arjefm-81	117	25	involve	involve	VERB
arjefm-81	117	26	in	in	ADP
arjefm-81	117	27	non	non	ADJ
arjefm-81	117	28	-	-	ADJ
arjefm-81	117	29	banking	banking	ADJ
arjefm-81	117	30	related	related	ADJ
arjefm-81	117	31	activities	activity	NOUN
arjefm-81	117	32	,	,	PUNCT
arjefm-81	117	33	as	as	ADV
arjefm-81	117	34	well	well	ADV
arjefm-81	117	35	as	as	ADP
arjefm-81	117	36	entry	entry	NOUN
arjefm-81	117	37	barrier	barrier	NOUN
arjefm-81	117	38	for	for	ADP
arjefm-81	117	39	foreign	foreign	ADJ
arjefm-81	117	40	banks	bank	NOUN
arjefm-81	117	41	,	,	PUNCT
arjefm-81	117	42	would	would	AUX
arjefm-81	117	43	weaken	weaken	VERB
arjefm-81	117	44	the	the	DET
arjefm-81	117	45	positive	positive	ADJ
arjefm-81	117	46	link	link	NOUN
arjefm-81	117	47	between	between	ADP
arjefm-81	117	48	banking	banking	NOUN
arjefm-81	117	49	competition	competition	NOUN
arjefm-81	117	50	and	and	CCONJ
arjefm-81	117	51	profit	profit	NOUN
arjefm-81	117	52	.	.	PUNCT
arjefm-81	118	1	in	in	ADP
arjefm-81	118	2	addition	addition	NOUN
arjefm-81	118	3	,	,	PUNCT
arjefm-81	118	4	the	the	DET
arjefm-81	118	5	positive	positive	ADJ
arjefm-81	118	6	link	link	NOUN
arjefm-81	118	7	might	might	AUX
arjefm-81	118	8	be	be	AUX
arjefm-81	118	9	weakening	weaken	VERB
arjefm-81	118	10	in	in	ADP
arjefm-81	118	11	economies	economy	NOUN
arjefm-81	118	12	with	with	ADP
arjefm-81	118	13	a	a	DET
arjefm-81	118	14	sound	sound	ADJ
arjefm-81	118	15	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	118	16	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	118	17	american	american	PROPN
arjefm-81	118	18	research	research	PROPN
arjefm-81	118	19	journal	journal	PROPN
arjefm-81	118	20	of	of	ADP
arjefm-81	118	21	economics	economic	NOUN
arjefm-81	118	22	,	,	PUNCT
arjefm-81	118	23	finance	finance	NOUN
arjefm-81	118	24	and	and	CCONJ
arjefm-81	118	25	management	management	NOUN
arjefm-81	118	26	volume	volume	NOUN
arjefm-81	118	27	11	11	NUM
arjefm-81	118	28	issue	issue	NOUN
arjefm-81	118	29	2	2	NUM
arjefm-81	118	30	,	,	PUNCT
arjefm-81	118	31	april	april	PROPN
arjefm-81	118	32	-	-	PUNCT
arjefm-81	118	33	june	june	PROPN
arjefm-81	118	34	2023	2023	NUM
arjefm-81	118	35	issn	issn	PROPN
arjefm-81	118	36	:	:	PUNCT
arjefm-81	118	37	2836	2836	NUM
arjefm-81	118	38	-	-	SYM
arjefm-81	118	39	9416	9416	NUM
arjefm-81	118	40	impact	impact	NOUN
arjefm-81	118	41	factor	factor	NOUN
arjefm-81	118	42	:	:	PUNCT
arjefm-81	118	43	5.57	5.57	NUM
arjefm-81	118	44	journal	journal	NOUN
arjefm-81	118	45	homepage	homepage	NOUN
arjefm-81	118	46	:	:	PUNCT
arjefm-81	118	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	118	48	,	,	PUNCT
arjefm-81	118	49	email	email	NOUN
arjefm-81	118	50	:	:	PUNCT
arjefm-81	118	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	118	52	official	official	ADJ
arjefm-81	118	53	journal	journal	PROPN
arjefm-81	118	54	of	of	ADP
arjefm-81	118	55	america	america	PROPN
arjefm-81	118	56	serial	serial	PROPN
arjefm-81	118	57	publication	publication	NOUN
arjefm-81	118	58	american	american	PROPN
arjefm-81	118	59	research	research	PROPN
arjefm-81	118	60	journal	journal	PROPN
arjefm-81	118	61	of	of	ADP
arjefm-81	118	62	economics	economic	NOUN
arjefm-81	118	63	,	,	PUNCT
arjefm-81	118	64	finance	finance	NOUN
arjefm-81	118	65	and	and	CCONJ
arjefm-81	118	66	management	management	NOUN
arjefm-81	118	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	118	68	,	,	PUNCT
arjefm-81	118	69	email	email	NOUN
arjefm-81	118	70	:	:	PUNCT
arjefm-81	118	71	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	118	72	44	44	NUM
arjefm-81	119	1	|	|	ADV
arjefm-81	119	2	p	p	X
arjefm-81	119	3	a	a	DET
arjefm-81	119	4	g	g	NOUN
arjefm-81	119	5	e	e	NOUN
arjefm-81	119	6	financial	financial	ADJ
arjefm-81	119	7	system	system	NOUN
arjefm-81	119	8	or	or	CCONJ
arjefm-81	119	9	high	high	ADJ
arjefm-81	119	10	income	income	NOUN
arjefm-81	119	11	per	per	ADP
arjefm-81	119	12	capita	capita	NOUN
arjefm-81	119	13	;	;	PUNCT
arjefm-81	119	14	and	and	CCONJ
arjefm-81	119	15	greater	great	ADJ
arjefm-81	119	16	competition	competition	NOUN
arjefm-81	119	17	would	would	AUX
arjefm-81	119	18	mitigate	mitigate	VERB
arjefm-81	119	19	the	the	DET
arjefm-81	119	20	influence	influence	NOUN
arjefm-81	119	21	of	of	ADP
arjefm-81	119	22	banking	banking	NOUN
arjefm-81	119	23	competition	competition	NOUN
arjefm-81	119	24	on	on	ADP
arjefm-81	119	25	profit	profit	NOUN
arjefm-81	119	26	.	.	PUNCT
arjefm-81	120	1	on	on	ADP
arjefm-81	120	2	the	the	DET
arjefm-81	120	3	other	other	ADJ
arjefm-81	120	4	hand	hand	NOUN
arjefm-81	120	5	,	,	PUNCT
arjefm-81	120	6	albertazzi	albertazzi	NOUN
arjefm-81	120	7	and	and	CCONJ
arjefm-81	120	8	gambacorta	gambacorta	NOUN
arjefm-81	121	1	[	[	X
arjefm-81	121	2	2	2	X
arjefm-81	121	3	]	]	PUNCT
arjefm-81	121	4	investigated	investigate	VERB
arjefm-81	121	5	the	the	DET
arjefm-81	121	6	link	link	NOUN
arjefm-81	121	7	between	between	ADP
arjefm-81	121	8	business	business	NOUN
arjefm-81	121	9	cycle	cycle	NOUN
arjefm-81	121	10	fluctuations	fluctuation	NOUN
arjefm-81	121	11	and	and	CCONJ
arjefm-81	121	12	banking	banking	NOUN
arjefm-81	121	13	sector	sector	NOUN
arjefm-81	121	14	profitability	profitability	NOUN
arjefm-81	121	15	in	in	ADP
arjefm-81	121	16	selected	select	VERB
arjefm-81	121	17	10	10	NUM
arjefm-81	121	18	countries	country	NOUN
arjefm-81	121	19	from	from	ADP
arjefm-81	121	20	euro	euro	NOUN
arjefm-81	121	21	area	area	NOUN
arjefm-81	121	22	and	and	CCONJ
arjefm-81	121	23	the	the	DET
arjefm-81	121	24	anglo	anglo	ADJ
arjefm-81	121	25	-	-	PUNCT
arjefm-81	121	26	saxon	saxon	NOUN
arjefm-81	121	27	region	region	NOUN
arjefm-81	121	28	between	between	ADP
arjefm-81	121	29	1981	1981	NUM
arjefm-81	121	30	and	and	CCONJ
arjefm-81	121	31	2003	2003	NUM
arjefm-81	121	32	using	use	VERB
arjefm-81	121	33	the	the	DET
arjefm-81	121	34	generalized	generalized	ADJ
arjefm-81	121	35	method	method	NOUN
arjefm-81	121	36	of	of	ADP
arjefm-81	121	37	moments	moment	NOUN
arjefm-81	121	38	(	(	PUNCT
arjefm-81	121	39	gmm	gmm	NOUN
arjefm-81	121	40	)	)	PUNCT
arjefm-81	121	41	estimator	estimator	NOUN
arjefm-81	121	42	.	.	PUNCT
arjefm-81	122	1	their	their	PRON
arjefm-81	122	2	findings	finding	NOUN
arjefm-81	122	3	indicated	indicate	VERB
arjefm-81	122	4	that	that	SCONJ
arjefm-81	122	5	gross	gross	ADJ
arjefm-81	122	6	domestic	domestic	ADJ
arjefm-81	122	7	products	product	NOUN
arjefm-81	122	8	(	(	PUNCT
arjefm-81	122	9	gdp	gdp	NOUN
arjefm-81	122	10	)	)	PUNCT
arjefm-81	122	11	influenced	influence	VERB
arjefm-81	122	12	both	both	CCONJ
arjefm-81	122	13	net	net	ADJ
arjefm-81	122	14	interest	interest	NOUN
arjefm-81	122	15	income	income	NOUN
arjefm-81	122	16	and	and	CCONJ
arjefm-81	122	17	loan	loan	NOUN
arjefm-81	122	18	loss	loss	NOUN
arjefm-81	122	19	provisions	provision	NOUN
arjefm-81	122	20	;	;	PUNCT
arjefm-81	122	21	and	and	CCONJ
arjefm-81	122	22	fluctuations	fluctuation	NOUN
arjefm-81	122	23	of	of	ADP
arjefm-81	122	24	the	the	DET
arjefm-81	122	25	long	long	ADJ
arjefm-81	122	26	-	-	PUNCT
arjefm-81	122	27	term	term	NOUN
arjefm-81	122	28	interest	interest	NOUN
arjefm-81	122	29	rate	rate	NOUN
arjefm-81	122	30	exhibited	exhibit	VERB
arjefm-81	122	31	a	a	DET
arjefm-81	122	32	slight	slight	ADJ
arjefm-81	122	33	impact	impact	NOUN
arjefm-81	122	34	on	on	ADP
arjefm-81	122	35	the	the	DET
arjefm-81	122	36	net	net	ADJ
arjefm-81	122	37	interest	interest	NOUN
arjefm-81	122	38	income	income	NOUN
arjefm-81	122	39	in	in	ADP
arjefm-81	122	40	italy	italy	PROPN
arjefm-81	122	41	,	,	PUNCT
arjefm-81	122	42	spain	spain	PROPN
arjefm-81	122	43	and	and	CCONJ
arjefm-81	122	44	portugal	portugal	PROPN
arjefm-81	122	45	but	but	CCONJ
arjefm-81	122	46	a	a	DET
arjefm-81	122	47	substantial	substantial	ADJ
arjefm-81	122	48	impact	impact	NOUN
arjefm-81	122	49	recorded	record	VERB
arjefm-81	122	50	from	from	ADP
arjefm-81	122	51	themoney	themoney	NOUN
arjefm-81	122	52	market	market	NOUN
arjefm-81	122	53	interest	interest	NOUN
arjefm-81	122	54	rate	rate	NOUN
arjefm-81	122	55	.	.	PUNCT
arjefm-81	123	1	similarly	similarly	ADV
arjefm-81	123	2	,	,	PUNCT
arjefm-81	123	3	flamini	flamini	PROPN
arjefm-81	123	4	et	et	PROPN
arjefm-81	123	5	al	al	PROPN
arjefm-81	123	6	.	.	PUNCT
arjefm-81	124	1	[	[	X
arjefm-81	124	2	12	12	NUM
arjefm-81	124	3	]	]	PUNCT
arjefm-81	124	4	empirically	empirically	ADV
arjefm-81	124	5	investigated	investigate	VERB
arjefm-81	124	6	the	the	DET
arjefm-81	124	7	determinants	determinant	NOUN
arjefm-81	124	8	of	of	ADP
arjefm-81	124	9	bank	bank	NOUN
arjefm-81	124	10	profitability	profitability	NOUN
arjefm-81	124	11	in	in	ADP
arjefm-81	124	12	subsaharan	subsaharan	PROPN
arjefm-81	124	13	africa	africa	PROPN
arjefm-81	124	14	between	between	ADP
arjefm-81	124	15	1998	1998	NUM
arjefm-81	124	16	and	and	CCONJ
arjefm-81	124	17	2006	2006	NUM
arjefm-81	124	18	using	use	VERB
arjefm-81	124	19	the	the	DET
arjefm-81	124	20	panel	panel	NOUN
arjefm-81	124	21	data	datum	NOUN
arjefm-81	124	22	.	.	PUNCT
arjefm-81	125	1	with	with	ADP
arjefm-81	125	2	the	the	DET
arjefm-81	125	3	aid	aid	NOUN
arjefm-81	125	4	of	of	ADP
arjefm-81	125	5	arellano	arellano	PROPN
arjefm-81	125	6	-	-	PUNCT
arjefm-81	125	7	bond	bond	NOUN
arjefm-81	125	8	two	two	NUM
arjefm-81	125	9	-	-	PUNCT
arjefm-81	125	10	step	step	NOUN
arjefm-81	125	11	generalized	generalize	VERB
arjefm-81	125	12	method	method	NOUN
arjefm-81	125	13	of	of	ADP
arjefm-81	125	14	moment(gmm	moment(gmm	NOUN
arjefm-81	125	15	)	)	PUNCT
arjefm-81	125	16	,	,	PUNCT
arjefm-81	125	17	they	they	PRON
arjefm-81	125	18	found	find	VERB
arjefm-81	125	19	that	that	SCONJ
arjefm-81	125	20	variables	variable	NOUN
arjefm-81	125	21	such	such	ADJ
arjefm-81	125	22	as	as	ADP
arjefm-81	125	23	bank	bank	NOUN
arjefm-81	125	24	size	size	NOUN
arjefm-81	125	25	,	,	PUNCT
arjefm-81	125	26	activity	activity	NOUN
arjefm-81	125	27	diversification	diversification	NOUN
arjefm-81	125	28	,	,	PUNCT
arjefm-81	125	29	and	and	CCONJ
arjefm-81	125	30	private	private	ADJ
arjefm-81	125	31	ownership	ownership	NOUN
arjefm-81	125	32	have	have	VERB
arjefm-81	125	33	apositive	apositive	ADJ
arjefm-81	125	34	influence	influence	NOUN
arjefm-81	125	35	on	on	ADP
arjefm-81	125	36	the	the	DET
arjefm-81	125	37	level	level	NOUN
arjefm-81	125	38	of	of	ADP
arjefm-81	125	39	bank	bank	NOUN
arjefm-81	125	40	profitability(roa	profitability(roa	NOUN
arjefm-81	125	41	)	)	PUNCT
arjefm-81	125	42	in	in	ADP
arjefm-81	125	43	the	the	DET
arjefm-81	125	44	region	region	NOUN
arjefm-81	125	45	.	.	PUNCT
arjefm-81	126	1	also	also	ADV
arjefm-81	126	2	,	,	PUNCT
arjefm-81	126	3	their	their	PRON
arjefm-81	126	4	results	result	NOUN
arjefm-81	126	5	revealed	reveal	VERB
arjefm-81	126	6	that	that	SCONJ
arjefm-81	126	7	returns	return	NOUN
arjefm-81	126	8	on	on	ADP
arjefm-81	126	9	assets	asset	NOUN
arjefm-81	126	10	granger	granger	NOUN
arjefm-81	126	11	cause	cause	VERB
arjefm-81	126	12	capital	capital	NOUN
arjefm-81	126	13	,	,	PUNCT
arjefm-81	126	14	implying	imply	VERB
arjefm-81	126	15	that	that	SCONJ
arjefm-81	126	16	high	high	ADJ
arjefm-81	126	17	returns	return	NOUN
arjefm-81	126	18	are	be	AUX
arjefm-81	126	19	not	not	PART
arjefm-81	126	20	instantly	instantly	ADV
arjefm-81	126	21	retained	retain	VERB
arjefm-81	126	22	in	in	ADP
arjefm-81	126	23	the	the	DET
arjefm-81	126	24	form	form	NOUN
arjefm-81	126	25	of	of	ADP
arjefm-81	126	26	equity	equity	NOUN
arjefm-81	126	27	increases	increase	NOUN
arjefm-81	126	28	.	.	PUNCT
arjefm-81	127	1	however	however	ADV
arjefm-81	127	2	,	,	PUNCT
arjefm-81	127	3	pasiouras	pasiouras	NOUN
arjefm-81	127	4	and	and	CCONJ
arjefm-81	127	5	kosmidou	kosmidou	PROPN
arjefm-81	127	6	[	[	X
arjefm-81	127	7	25	25	NUM
arjefm-81	127	8	]	]	PUNCT
arjefm-81	127	9	analyzed	analyze	VERB
arjefm-81	127	10	the	the	DET
arjefm-81	127	11	determinants	determinant	NOUN
arjefm-81	127	12	of	of	ADP
arjefm-81	127	13	profitability	profitability	NOUN
arjefm-81	127	14	in	in	ADP
arjefm-81	127	15	584	584	NUM
arjefm-81	127	16	commercial	commercial	ADJ
arjefm-81	127	17	banks	bank	NOUN
arjefm-81	127	18	for	for	ADP
arjefm-81	127	19	selected	select	VERB
arjefm-81	127	20	fifteen	fifteen	NUM
arjefm-81	127	21	european	european	ADJ
arjefm-81	127	22	countries	country	NOUN
arjefm-81	127	23	between	between	ADP
arjefm-81	127	24	1995	1995	NUM
arjefm-81	127	25	and	and	CCONJ
arjefm-81	127	26	2001	2001	NUM
arjefm-81	127	27	using	use	VERB
arjefm-81	127	28	a	a	DET
arjefm-81	127	29	balanced	balanced	ADJ
arjefm-81	127	30	panel	panel	NOUN
arjefm-81	127	31	dataset	dataset	NOUN
arjefm-81	127	32	of	of	ADP
arjefm-81	127	33	4,088	4,088	NUM
arjefm-81	127	34	observations	observation	NOUN
arjefm-81	127	35	.	.	PUNCT
arjefm-81	128	1	they	they	PRON
arjefm-81	128	2	applied	apply	VERB
arjefm-81	128	3	fixed	fix	VERB
arjefm-81	128	4	effect	effect	NOUN
arjefm-81	128	5	estimation	estimation	NOUN
arjefm-81	128	6	technique	technique	NOUN
arjefm-81	128	7	,	,	PUNCT
arjefm-81	128	8	and	and	CCONJ
arjefm-81	128	9	their	their	PRON
arjefm-81	128	10	findings	finding	NOUN
arjefm-81	128	11	indicated	indicate	VERB
arjefm-81	128	12	that	that	SCONJ
arjefm-81	128	13	all	all	DET
arjefm-81	128	14	independent	independent	ADJ
arjefm-81	128	15	variables	variable	NOUN
arjefm-81	128	16	significantly	significantly	ADV
arjefm-81	128	17	influenced	influence	VERB
arjefm-81	128	18	the	the	DET
arjefm-81	128	19	level	level	NOUN
arjefm-81	128	20	of	of	ADP
arjefm-81	128	21	profitability	profitability	NOUN
arjefm-81	128	22	of	of	ADP
arjefm-81	128	23	both	both	CCONJ
arjefm-81	128	24	domestic	domestic	ADJ
arjefm-81	128	25	and	and	CCONJ
arjefm-81	128	26	foreign	foreign	ADJ
arjefm-81	128	27	banks	bank	NOUN
arjefm-81	128	28	.	.	PUNCT
arjefm-81	129	1	however	however	ADV
arjefm-81	129	2	,	,	PUNCT
arjefm-81	129	3	only	only	ADV
arjefm-81	129	4	the	the	DET
arjefm-81	129	5	variable	variable	NOUN
arjefm-81	129	6	of	of	ADP
arjefm-81	129	7	concentration	concentration	NOUN
arjefm-81	129	8	did	do	AUX
arjefm-81	129	9	not	not	PART
arjefm-81	129	10	exhibit	exhibit	VERB
arjefm-81	129	11	a	a	DET
arjefm-81	129	12	significant	significant	ADJ
arjefm-81	129	13	influence	influence	NOUN
arjefm-81	129	14	in	in	ADP
arjefm-81	129	15	the	the	DET
arjefm-81	129	16	case	case	NOUN
arjefm-81	129	17	of	of	ADP
arjefm-81	129	18	domestic	domestic	ADJ
arjefm-81	129	19	banks	bank	NOUN
arjefm-81	129	20	profit	profit	NOUN
arjefm-81	129	21	.	.	PUNCT
arjefm-81	130	1	studies	study	NOUN
arjefm-81	130	2	with	with	ADP
arjefm-81	130	3	a	a	DET
arjefm-81	130	4	country	country	NOUN
arjefm-81	130	5	-	-	PUNCT
arjefm-81	130	6	specific	specific	ADJ
arjefm-81	130	7	focus	focus	NOUN
arjefm-81	130	8	include	include	VERB
arjefm-81	130	9	aburine	aburine	NOUN
arjefm-81	130	10	[	[	X
arjefm-81	130	11	1	1	NUM
arjefm-81	130	12	]	]	PUNCT
arjefm-81	130	13	,	,	PUNCT
arjefm-81	130	14	alkhazaleh	alkhazaleh	NOUN
arjefm-81	130	15	and	and	CCONJ
arjefm-81	130	16	almsafir	almsafir	VERB
arjefm-81	130	17	[	[	X
arjefm-81	130	18	3	3	NUM
arjefm-81	130	19	]	]	PUNCT
arjefm-81	130	20	,	,	PUNCT
arjefm-81	130	21	tariq	tariq	PROPN
arjefm-81	130	22	et	et	PROPN
arjefm-81	130	23	al	al	PROPN
arjefm-81	130	24	.	.	PUNCT
arjefm-81	131	1	[	[	X
arjefm-81	131	2	31	31	NUM
arjefm-81	131	3	]	]	PUNCT
arjefm-81	131	4	,	,	PUNCT
arjefm-81	131	5	isaac	isaac	PROPN
arjefm-81	131	6	boad	boad	PROPN
arjefm-81	132	1	[	[	X
arjefm-81	132	2	5	5	NUM
arjefm-81	132	3	]	]	PUNCT
arjefm-81	132	4	,	,	PUNCT
arjefm-81	132	5	ani	ani	X
arjefm-81	132	6	et	et	NOUN
arjefm-81	132	7	al.[4	al.[4	PROPN
arjefm-81	132	8	]	]	PUNCT
arjefm-81	132	9	,	,	PUNCT
arjefm-81	132	10	park	park	NOUN
arjefm-81	132	11	et	et	PROPN
arjefm-81	132	12	al	al	PROPN
arjefm-81	132	13	.	.	PUNCT
arjefm-81	133	1	[	[	X
arjefm-81	133	2	24	24	NUM
arjefm-81	133	3	]	]	PUNCT
arjefm-81	133	4	,	,	PUNCT
arjefm-81	133	5	naceur	naceur	ADV
arjefm-81	133	6	and	and	CCONJ
arjefm-81	133	7	goaied	goaie	VERB
arjefm-81	133	8	[	[	PUNCT
arjefm-81	133	9	21	21	NUM
arjefm-81	133	10	]	]	PUNCT
arjefm-81	133	11	,	,	PUNCT
arjefm-81	133	12	mamatzakis	mamatzaki	NOUN
arjefm-81	133	13	and	and	CCONJ
arjefm-81	133	14	remoundos	remoundo	VERB
arjefm-81	133	15	[	[	X
arjefm-81	133	16	19	19	NUM
arjefm-81	133	17	]	]	PUNCT
arjefm-81	133	18	,	,	PUNCT
arjefm-81	133	19	sufian	sufian	PROPN
arjefm-81	133	20	and	and	CCONJ
arjefm-81	133	21	habibullah	habibullah	NOUN
arjefm-81	133	22	[	[	X
arjefm-81	133	23	30	30	NUM
arjefm-81	133	24	]	]	PUNCT
arjefm-81	133	25	,	,	PUNCT
arjefm-81	133	26	sufian	sufian	PROPN
arjefm-81	133	27	and	and	CCONJ
arjefm-81	133	28	habibullah	habibullah	PROPN
arjefm-81	133	29	[	[	X
arjefm-81	133	30	29	29	NUM
arjefm-81	133	31	]	]	PUNCT
arjefm-81	133	32	,	,	PUNCT
arjefm-81	133	33	trujillo	trujillo	PROPN
arjefm-81	133	34	-	-	PUNCT
arjefm-81	133	35	ponce	ponce	NOUN
arjefm-81	134	1	[	[	X
arjefm-81	134	2	33	33	NUM
arjefm-81	134	3	]	]	PUNCT
arjefm-81	134	4	,	,	PUNCT
arjefm-81	134	5	dietrich	dietrich	PROPN
arjefm-81	134	6	&	&	CCONJ
arjefm-81	134	7	wanzenried	wanzenrie	VERB
arjefm-81	134	8	[	[	X
arjefm-81	134	9	8	8	NUM
arjefm-81	134	10	]	]	PUNCT
arjefm-81	134	11	.	.	PUNCT
arjefm-81	135	1	of	of	ADP
arjefm-81	135	2	recent	recent	ADJ
arjefm-81	135	3	,	,	PUNCT
arjefm-81	135	4	boad	boad	PROPN
arjefm-81	135	5	[	[	X
arjefm-81	135	6	5	5	NUM
arjefm-81	135	7	]	]	PUNCT
arjefm-81	135	8	investigated	investigate	VERB
arjefm-81	135	9	factors	factor	NOUN
arjefm-81	135	10	that	that	PRON
arjefm-81	135	11	determine	determine	VERB
arjefm-81	135	12	the	the	DET
arjefm-81	135	13	bank	bank	NOUN
arjefm-81	135	14	profitability	profitability	NOUN
arjefm-81	135	15	in	in	ADP
arjefm-81	135	16	ghana	ghana	PROPN
arjefm-81	135	17	with	with	ADP
arjefm-81	135	18	the	the	DET
arjefm-81	135	19	aid	aid	NOUN
arjefm-81	135	20	of	of	ADP
arjefm-81	135	21	random	random	ADJ
arjefm-81	135	22	effect	effect	NOUN
arjefm-81	135	23	and	and	CCONJ
arjefm-81	135	24	pooled	pool	VERB
arjefm-81	135	25	models	model	NOUN
arjefm-81	135	26	from	from	ADP
arjefm-81	135	27	1997	1997	NUM
arjefm-81	135	28	to	to	ADP
arjefm-81	135	29	2014	2014	NUM
arjefm-81	135	30	.	.	PUNCT
arjefm-81	136	1	he	he	PRON
arjefm-81	136	2	concluded	conclude	VERB
arjefm-81	136	3	that	that	SCONJ
arjefm-81	136	4	internal	internal	ADJ
arjefm-81	136	5	and	and	CCONJ
arjefm-81	136	6	external	external	ADJ
arjefm-81	136	7	variables	variable	NOUN
arjefm-81	136	8	significantly	significantly	ADV
arjefm-81	136	9	determine	determine	VERB
arjefm-81	136	10	bank	bank	NOUN
arjefm-81	136	11	profitability	profitability	NOUN
arjefm-81	136	12	unlike	unlike	ADP
arjefm-81	136	13	other	other	ADJ
arjefm-81	136	14	studies	study	NOUN
arjefm-81	136	15	found	find	VERB
arjefm-81	136	16	evidence	evidence	NOUN
arjefm-81	136	17	of	of	ADP
arjefm-81	136	18	significant	significant	ADJ
arjefm-81	136	19	influence	influence	NOUN
arjefm-81	136	20	from	from	ADP
arjefm-81	136	21	only	only	ADJ
arjefm-81	136	22	non	non	ADJ
arjefm-81	136	23	-	-	ADJ
arjefm-81	136	24	interest	interest	ADJ
arjefm-81	136	25	income	income	NOUN
arjefm-81	136	26	.	.	PUNCT
arjefm-81	137	1	in	in	ADP
arjefm-81	137	2	addition	addition	NOUN
arjefm-81	137	3	,	,	PUNCT
arjefm-81	137	4	no	no	DET
arjefm-81	137	5	significant	significant	ADJ
arjefm-81	137	6	impact	impact	NOUN
arjefm-81	137	7	is	be	AUX
arjefm-81	137	8	recorded	record	VERB
arjefm-81	137	9	from	from	ADP
arjefm-81	137	10	variables	variable	NOUN
arjefm-81	137	11	such	such	ADJ
arjefm-81	137	12	as	as	ADP
arjefm-81	137	13	the	the	DET
arjefm-81	137	14	number	number	NOUN
arjefm-81	137	15	of	of	ADP
arjefm-81	137	16	employees	employee	NOUN
arjefm-81	137	17	,	,	PUNCT
arjefm-81	137	18	inflation	inflation	NOUN
arjefm-81	137	19	and	and	CCONJ
arjefm-81	137	20	real	real	ADJ
arjefm-81	137	21	interest	interest	NOUN
arjefm-81	137	22	rate	rate	NOUN
arjefm-81	137	23	in	in	ADP
arjefm-81	137	24	ghana	ghana	PROPN
arjefm-81	137	25	.	.	PUNCT
arjefm-81	138	1	similarly	similarly	ADV
arjefm-81	138	2	,	,	PUNCT
arjefm-81	138	3	alkhazale	alkhazale	NOUN
arjefm-81	138	4	and	and	CCONJ
arjefm-81	138	5	almsafr	almsafr	ADJ
arjefm-81	139	1	[	[	X
arjefm-81	139	2	3	3	X
arjefm-81	139	3	]	]	PUNCT
arjefm-81	139	4	conducted	conduct	VERB
arjefm-81	139	5	an	an	DET
arjefm-81	139	6	empirical	empirical	ADJ
arjefm-81	139	7	analysis	analysis	NOUN
arjefm-81	139	8	of	of	ADP
arjefm-81	139	9	determinants	determinant	NOUN
arjefm-81	139	10	of	of	ADP
arjefm-81	139	11	bank	bank	NOUN
arjefm-81	139	12	profitability	profitability	NOUN
arjefm-81	139	13	in	in	ADP
arjefm-81	139	14	jordan	jordan	PROPN
arjefm-81	139	15	between	between	ADP
arjefm-81	139	16	1999	1999	NUM
arjefm-81	139	17	and	and	CCONJ
arjefm-81	139	18	2013	2013	NUM
arjefm-81	139	19	using	use	VERB
arjefm-81	139	20	the	the	DET
arjefm-81	139	21	fixed	fix	VERB
arjefm-81	139	22	effect	effect	NOUN
arjefm-81	139	23	regression	regression	NOUN
arjefm-81	139	24	model	model	NOUN
arjefm-81	139	25	.	.	PUNCT
arjefm-81	140	1	their	their	PRON
arjefm-81	140	2	result	result	NOUN
arjefm-81	140	3	showed	show	VERB
arjefm-81	140	4	that	that	SCONJ
arjefm-81	140	5	capital	capital	NOUN
arjefm-81	140	6	structure	structure	NOUN
arjefm-81	140	7	,	,	PUNCT
arjefm-81	140	8	bank	bank	NOUN
arjefm-81	140	9	size	size	NOUN
arjefm-81	140	10	,	,	PUNCT
arjefm-81	140	11	and	and	CCONJ
arjefm-81	140	12	liquidity	liquidity	NOUN
arjefm-81	140	13	exhibit	exhibit	VERB
arjefm-81	140	14	a	a	DET
arjefm-81	140	15	significant	significant	ADJ
arjefm-81	140	16	influence	influence	NOUN
arjefm-81	140	17	on	on	ADP
arjefm-81	140	18	bank	bank	NOUN
arjefm-81	140	19	profitability	profitability	NOUN
arjefm-81	140	20	.	.	PUNCT
arjefm-81	141	1	tariq	tariq	PROPN
arjefm-81	141	2	et	et	PROPN
arjefm-81	141	3	al	al	PROPN
arjefm-81	141	4	.	.	PUNCT
arjefm-81	142	1	[	[	X
arjefm-81	142	2	40	40	NUM
arjefm-81	142	3	]	]	PUNCT
arjefm-81	142	4	also	also	ADV
arjefm-81	142	5	analyzed	analyze	VERB
arjefm-81	142	6	the	the	DET
arjefm-81	142	7	determinants	determinant	NOUN
arjefm-81	142	8	of	of	ADP
arjefm-81	142	9	profitability	profitability	NOUN
arjefm-81	142	10	level	level	NOUN
arjefm-81	142	11	in	in	ADP
arjefm-81	142	12	pakistan	pakistan	PROPN
arjefm-81	142	13	banks	bank	NOUN
arjefm-81	142	14	for	for	ADP
arjefm-81	142	15	the	the	DET
arjefm-81	142	16	sample	sample	NOUN
arjefm-81	142	17	period	period	NOUN
arjefm-81	142	18	2004	2004	NUM
arjefm-81	142	19	-	-	SYM
arjefm-81	142	20	2010	2010	NUM
arjefm-81	142	21	by	by	ADP
arjefm-81	142	22	utilizing	utilize	VERB
arjefm-81	142	23	both	both	DET
arjefm-81	142	24	fixed	fix	VERB
arjefm-81	142	25	and	and	CCONJ
arjefm-81	142	26	random	random	ADJ
arjefm-81	142	27	effect	effect	NOUN
arjefm-81	142	28	models	model	NOUN
arjefm-81	142	29	.	.	PUNCT
arjefm-81	143	1	however	however	ADV
arjefm-81	143	2	,	,	PUNCT
arjefm-81	143	3	antonio	antonio	PROPN
arjefm-81	143	4	(	(	PUNCT
arjefm-81	143	5	2013	2013	NUM
arjefm-81	143	6	)	)	PUNCT
arjefm-81	143	7	investigated	investigate	VERB
arjefm-81	143	8	what	what	PRON
arjefm-81	143	9	determines	determine	VERB
arjefm-81	143	10	the	the	DET
arjefm-81	143	11	profitability	profitability	NOUN
arjefm-81	143	12	of	of	ADP
arjefm-81	143	13	banks	bank	NOUN
arjefm-81	143	14	in	in	ADP
arjefm-81	143	15	spain	spain	PROPN
arjefm-81	143	16	using	use	VERB
arjefm-81	143	17	data	datum	NOUN
arjefm-81	143	18	from	from	ADP
arjefm-81	143	19	1999	1999	NUM
arjefm-81	143	20	to	to	ADP
arjefm-81	143	21	2009	2009	NUM
arjefm-81	143	22	with	with	ADP
arjefm-81	143	23	the	the	DET
arjefm-81	143	24	estimation	estimation	NOUN
arjefm-81	143	25	technique	technique	NOUN
arjefm-81	143	26	of	of	ADP
arjefm-81	143	27	generalized	generalized	ADJ
arjefm-81	143	28	method	method	NOUN
arjefm-81	143	29	of	of	ADP
arjefm-81	143	30	moments	moment	NOUN
arjefm-81	143	31	(	(	PUNCT
arjefm-81	143	32	gmm	gmm	NOUN
arjefm-81	143	33	)	)	PUNCT
arjefm-81	143	34	.	.	PUNCT
arjefm-81	144	1	he	he	PRON
arjefm-81	144	2	revealed	reveal	VERB
arjefm-81	144	3	that	that	SCONJ
arjefm-81	144	4	variables	variable	NOUN
arjefm-81	144	5	such	such	ADJ
arjefm-81	144	6	as	as	ADP
arjefm-81	144	7	the	the	DET
arjefm-81	144	8	percentage	percentage	NOUN
arjefm-81	144	9	of	of	ADP
arjefm-81	144	10	loans	loan	NOUN
arjefm-81	144	11	in	in	ADP
arjefm-81	144	12	total	total	ADJ
arjefm-81	144	13	assets	asset	NOUN
arjefm-81	144	14	,	,	PUNCT
arjefm-81	144	15	customer	customer	NOUN
arjefm-81	144	16	deposits	deposit	NOUN
arjefm-81	144	17	,	,	PUNCT
arjefm-81	144	18	efficiency	efficiency	NOUN
arjefm-81	144	19	and	and	CCONJ
arjefm-81	144	20	low	low	ADJ
arjefm-81	144	21	doubtful	doubtful	ADJ
arjefm-81	144	22	assets	asset	NOUN
arjefm-81	144	23	ratio	ratio	NOUN
arjefm-81	144	24	positively	positively	ADV
arjefm-81	144	25	affect	affect	VERB
arjefm-81	144	26	bank	bank	NOUN
arjefm-81	144	27	profitability	profitability	NOUN
arjefm-81	144	28	,	,	PUNCT
arjefm-81	144	29	but	but	CCONJ
arjefm-81	144	30	no	no	DET
arjefm-81	144	31	impact	impact	NOUN
arjefm-81	144	32	of	of	ADP
arjefm-81	144	33	economies	economy	NOUN
arjefm-81	144	34	or	or	CCONJ
arjefm-81	144	35	diseconomies	diseconomie	NOUN
arjefm-81	144	36	of	of	ADP
arjefm-81	144	37	scale	scale	NOUN
arjefm-81	144	38	when	when	SCONJ
arjefm-81	144	39	profitability	profitability	NOUN
arjefm-81	144	40	is	be	AUX
arjefm-81	144	41	captured	capture	VERB
arjefm-81	144	42	by	by	ADP
arjefm-81	144	43	return	return	NOUN
arjefm-81	144	44	on	on	ADP
arjefm-81	144	45	assets	asset	NOUN
arjefm-81	144	46	(	(	PUNCT
arjefm-81	144	47	roa	roa	PROPN
arjefm-81	144	48	)	)	PUNCT
arjefm-81	144	49	.	.	PUNCT
arjefm-81	145	1	sufian	sufian	PROPN
arjefm-81	145	2	and	and	CCONJ
arjefm-81	145	3	habibullah	habibullah	PROPN
arjefm-81	145	4	[	[	X
arjefm-81	145	5	30	30	NUM
arjefm-81	145	6	]	]	PUNCT
arjefm-81	145	7	employed	employ	VERB
arjefm-81	145	8	an	an	DET
arjefm-81	145	9	unbalanced	unbalanced	ADJ
arjefm-81	145	10	panel	panel	NOUN
arjefm-81	145	11	data	datum	NOUN
arjefm-81	145	12	of	of	ADP
arjefm-81	145	13	153	153	NUM
arjefm-81	145	14	banks	bank	NOUN
arjefm-81	145	15	to	to	PART
arjefm-81	145	16	examine	examine	VERB
arjefm-81	145	17	the	the	DET
arjefm-81	145	18	effect	effect	NOUN
arjefm-81	145	19	of	of	ADP
arjefm-81	145	20	globalization	globalization	NOUN
arjefm-81	145	21	on	on	ADP
arjefm-81	145	22	bank	bank	NOUN
arjefm-81	145	23	performance	performance	NOUN
arjefm-81	145	24	in	in	ADP
arjefm-81	145	25	china	china	PROPN
arjefm-81	145	26	with	with	ADP
arjefm-81	145	27	the	the	DET
arjefm-81	145	28	aid	aid	NOUN
arjefm-81	145	29	of	of	ADP
arjefm-81	145	30	panel	panel	NOUN
arjefm-81	145	31	regression	regression	NOUN
arjefm-81	145	32	method	method	NOUN
arjefm-81	145	33	.	.	PUNCT
arjefm-81	146	1	their	their	PRON
arjefm-81	146	2	result	result	NOUN
arjefm-81	146	3	revealed	reveal	VERB
arjefm-81	146	4	that	that	SCONJ
arjefm-81	146	5	bank	bank	NOUN
arjefm-81	146	6	profitability	profitability	NOUN
arjefm-81	146	7	is	be	AUX
arjefm-81	146	8	positively	positively	ADV
arjefm-81	146	9	and	and	CCONJ
arjefm-81	146	10	significantly	significantly	ADV
arjefm-81	146	11	determined	determine	VERB
arjefm-81	146	12	by	by	ADP
arjefm-81	146	13	trade	trade	NOUN
arjefm-81	146	14	flows	flow	NOUN
arjefm-81	146	15	,	,	PUNCT
arjefm-81	146	16	cultural	cultural	ADJ
arjefm-81	146	17	proximity	proximity	NOUN
arjefm-81	146	18	,	,	PUNCT
arjefm-81	146	19	and	and	CCONJ
arjefm-81	146	20	political	political	ADJ
arjefm-81	146	21	globalization	globalization	NOUN
arjefm-81	146	22	.	.	PUNCT
arjefm-81	147	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	147	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	148	1	american	american	PROPN
arjefm-81	148	2	research	research	PROPN
arjefm-81	148	3	journal	journal	PROPN
arjefm-81	148	4	of	of	ADP
arjefm-81	148	5	economics	economic	NOUN
arjefm-81	148	6	,	,	PUNCT
arjefm-81	148	7	finance	finance	NOUN
arjefm-81	148	8	and	and	CCONJ
arjefm-81	148	9	management	management	NOUN
arjefm-81	148	10	volume	volume	NOUN
arjefm-81	148	11	11	11	NUM
arjefm-81	148	12	issue	issue	NOUN
arjefm-81	148	13	2	2	NUM
arjefm-81	148	14	,	,	PUNCT
arjefm-81	148	15	april	april	PROPN
arjefm-81	148	16	-	-	PUNCT
arjefm-81	148	17	june	june	PROPN
arjefm-81	148	18	2023	2023	NUM
arjefm-81	148	19	issn	issn	PROPN
arjefm-81	148	20	:	:	PUNCT
arjefm-81	148	21	2836	2836	NUM
arjefm-81	148	22	-	-	SYM
arjefm-81	148	23	9416	9416	NUM
arjefm-81	148	24	impact	impact	NOUN
arjefm-81	148	25	factor	factor	NOUN
arjefm-81	148	26	:	:	PUNCT
arjefm-81	148	27	5.57	5.57	NUM
arjefm-81	148	28	journal	journal	NOUN
arjefm-81	148	29	homepage	homepage	NOUN
arjefm-81	148	30	:	:	PUNCT
arjefm-81	148	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	148	32	,	,	PUNCT
arjefm-81	148	33	email	email	NOUN
arjefm-81	148	34	:	:	PUNCT
arjefm-81	149	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	149	2	official	official	ADJ
arjefm-81	149	3	journal	journal	PROPN
arjefm-81	149	4	of	of	ADP
arjefm-81	149	5	america	america	PROPN
arjefm-81	149	6	serial	serial	PROPN
arjefm-81	149	7	publication	publication	NOUN
arjefm-81	149	8	american	american	PROPN
arjefm-81	149	9	research	research	PROPN
arjefm-81	149	10	journal	journal	PROPN
arjefm-81	149	11	of	of	ADP
arjefm-81	149	12	economics	economic	NOUN
arjefm-81	149	13	,	,	PUNCT
arjefm-81	149	14	finance	finance	NOUN
arjefm-81	149	15	and	and	CCONJ
arjefm-81	149	16	management	management	NOUN
arjefm-81	149	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	149	18	,	,	PUNCT
arjefm-81	149	19	email	email	NOUN
arjefm-81	149	20	:	:	PUNCT
arjefm-81	149	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	150	1	45	45	NUM
arjefm-81	151	1	|	|	ADV
arjefm-81	151	2	p	p	X
arjefm-81	151	3	a	a	DET
arjefm-81	151	4	g	g	NOUN
arjefm-81	151	5	e	e	NOUN
arjefm-81	151	6	on	on	ADP
arjefm-81	151	7	the	the	DET
arjefm-81	151	8	other	other	ADJ
arjefm-81	151	9	hand	hand	NOUN
arjefm-81	151	10	,	,	PUNCT
arjefm-81	151	11	dietrich	dietrich	PROPN
arjefm-81	151	12	&	&	CCONJ
arjefm-81	151	13	wanzenried	wanzenrie	VERB
arjefm-81	151	14	[	[	X
arjefm-81	151	15	8	8	NUM
arjefm-81	151	16	]	]	PUNCT
arjefm-81	151	17	utilized	utilize	VERB
arjefm-81	151	18	unbalanced	unbalanced	ADJ
arjefm-81	151	19	panel	panel	NOUN
arjefm-81	151	20	dataset	dataset	NOUN
arjefm-81	151	21	of	of	ADP
arjefm-81	151	22	372	372	NUM
arjefm-81	151	23	commercial	commercial	ADJ
arjefm-81	151	24	banks	bank	NOUN
arjefm-81	151	25	to	to	PART
arjefm-81	151	26	examine	examine	VERB
arjefm-81	151	27	the	the	DET
arjefm-81	151	28	drivers	driver	NOUN
arjefm-81	151	29	of	of	ADP
arjefm-81	151	30	bank	bank	NOUN
arjefm-81	151	31	profitability	profitability	NOUN
arjefm-81	151	32	in	in	ADP
arjefm-81	151	33	switzerland	switzerland	PROPN
arjefm-81	151	34	before	before	ADP
arjefm-81	151	35	and	and	CCONJ
arjefm-81	151	36	during	during	ADP
arjefm-81	151	37	the	the	DET
arjefm-81	151	38	global	global	ADJ
arjefm-81	151	39	financial	financial	ADJ
arjefm-81	151	40	crisis	crisis	NOUN
arjefm-81	151	41	with	with	ADP
arjefm-81	151	42	the	the	DET
arjefm-81	151	43	application	application	NOUN
arjefm-81	151	44	of	of	ADP
arjefm-81	151	45	the	the	DET
arjefm-81	151	46	dynamic	dynamic	ADJ
arjefm-81	151	47	system	system	NOUN
arjefm-81	151	48	gmm	gmm	PROPN
arjefm-81	151	49	estimator	estimator	NOUN
arjefm-81	151	50	.	.	PUNCT
arjefm-81	152	1	their	their	PRON
arjefm-81	152	2	results	result	NOUN
arjefm-81	152	3	revealed	reveal	VERB
arjefm-81	152	4	that	that	SCONJ
arjefm-81	152	5	capital	capital	NOUN
arjefm-81	152	6	ratio	ratio	NOUN
arjefm-81	152	7	and	and	CCONJ
arjefm-81	152	8	credit	credit	NOUN
arjefm-81	152	9	quality	quality	NOUN
arjefm-81	152	10	exhibit	exhibit	VERB
arjefm-81	152	11	no	no	DET
arjefm-81	152	12	influence	influence	NOUN
arjefm-81	152	13	on	on	ADP
arjefm-81	152	14	bank	bank	NOUN
arjefm-81	152	15	profitability	profitability	NOUN
arjefm-81	152	16	before	before	ADP
arjefm-81	152	17	the	the	DET
arjefm-81	152	18	financial	financial	ADJ
arjefm-81	152	19	crisis	crisis	NOUN
arjefm-81	152	20	but	but	CCONJ
arjefm-81	152	21	a	a	DET
arjefm-81	152	22	negative	negative	ADJ
arjefm-81	152	23	and	and	CCONJ
arjefm-81	152	24	significant	significant	ADJ
arjefm-81	152	25	impact	impact	NOUN
arjefm-81	152	26	during	during	ADP
arjefm-81	152	27	the	the	DET
arjefm-81	152	28	crisis	crisis	NOUN
arjefm-81	152	29	.	.	PUNCT
arjefm-81	153	1	in	in	ADP
arjefm-81	153	2	addition	addition	NOUN
arjefm-81	153	3	,	,	PUNCT
arjefm-81	153	4	taxation	taxation	NOUN
arjefm-81	153	5	significantly	significantly	ADV
arjefm-81	153	6	and	and	CCONJ
arjefm-81	153	7	negatively	negatively	ADV
arjefm-81	153	8	determines	determine	VERB
arjefm-81	153	9	the	the	DET
arjefm-81	153	10	level	level	NOUN
arjefm-81	153	11	of	of	ADP
arjefm-81	153	12	bank	bank	NOUN
arjefm-81	153	13	profitability	profitability	NOUN
arjefm-81	153	14	but	but	CCONJ
arjefm-81	153	15	market	market	NOUN
arjefm-81	153	16	concentration	concentration	NOUN
arjefm-81	153	17	(	(	PUNCT
arjefm-81	153	18	measured	measure	VERB
arjefm-81	153	19	by	by	ADP
arjefm-81	153	20	herfindahl	herfindahl	NOUN
arjefm-81	153	21	index	index	PROPN
arjefm-81	153	22	)	)	PUNCT
arjefm-81	153	23	has	have	VERB
arjefm-81	153	24	a	a	DET
arjefm-81	153	25	significant	significant	ADJ
arjefm-81	153	26	and	and	CCONJ
arjefm-81	153	27	positive	positive	ADJ
arjefm-81	153	28	influence	influence	NOUN
arjefm-81	153	29	before	before	ADP
arjefm-81	153	30	the	the	DET
arjefm-81	153	31	crisis	crisis	NOUN
arjefm-81	153	32	.	.	PUNCT
arjefm-81	154	1	whereas	whereas	SCONJ
arjefm-81	154	2	,	,	PUNCT
arjefm-81	154	3	ownership	ownership	NOUN
arjefm-81	154	4	and	and	CCONJ
arjefm-81	154	5	market	market	NOUN
arjefm-81	154	6	structure	structure	NOUN
arjefm-81	154	7	do	do	AUX
arjefm-81	154	8	not	not	PART
arjefm-81	154	9	have	have	VERB
arjefm-81	154	10	any	any	DET
arjefm-81	154	11	impact	impact	NOUN
arjefm-81	154	12	on	on	ADP
arjefm-81	154	13	the	the	DET
arjefm-81	154	14	level	level	NOUN
arjefm-81	154	15	of	of	ADP
arjefm-81	154	16	profitability	profitability	NOUN
arjefm-81	154	17	in	in	ADP
arjefm-81	154	18	the	the	DET
arjefm-81	154	19	banking	banking	NOUN
arjefm-81	154	20	sector	sector	NOUN
arjefm-81	154	21	.	.	PUNCT
arjefm-81	155	1	sufian	sufian	PROPN
arjefm-81	155	2	and	and	CCONJ
arjefm-81	155	3	habibullah	habibullah	PROPN
arjefm-81	155	4	[	[	X
arjefm-81	155	5	29	29	NUM
arjefm-81	155	6	]	]	PUNCT
arjefm-81	155	7	provided	provide	VERB
arjefm-81	155	8	an	an	DET
arjefm-81	155	9	empirical	empirical	ADJ
arjefm-81	155	10	answer	answer	NOUN
arjefm-81	155	11	on	on	ADP
arjefm-81	155	12	whether	whether	SCONJ
arjefm-81	155	13	economic	economic	ADJ
arjefm-81	155	14	freedom	freedom	NOUN
arjefm-81	155	15	influences	influence	VERB
arjefm-81	155	16	banks	bank	NOUN
arjefm-81	155	17	’	'	PUNCT
arjefm-81	155	18	performance	performance	NOUN
arjefm-81	155	19	in	in	ADP
arjefm-81	155	20	malaysia	malaysia	NOUN
arjefm-81	155	21	using	use	VERB
arjefm-81	155	22	panel	panel	NOUN
arjefm-81	155	23	data	datum	NOUN
arjefm-81	155	24	between	between	ADP
arjefm-81	155	25	1997	1997	NUM
arjefm-81	155	26	and	and	CCONJ
arjefm-81	155	27	2007	2007	NUM
arjefm-81	155	28	with	with	ADP
arjefm-81	155	29	the	the	DET
arjefm-81	155	30	ols	ol	NOUN
arjefm-81	155	31	estimation	estimation	NOUN
arjefm-81	155	32	technique	technique	NOUN
arjefm-81	155	33	.	.	PUNCT
arjefm-81	156	1	they	they	PRON
arjefm-81	156	2	found	find	VERB
arjefm-81	156	3	that	that	SCONJ
arjefm-81	156	4	economic	economic	ADJ
arjefm-81	156	5	freedom	freedom	NOUN
arjefm-81	156	6	and	and	CCONJ
arjefm-81	156	7	business	business	NOUN
arjefm-81	156	8	freedom	freedom	NOUN
arjefm-81	156	9	have	have	VERB
arjefm-81	156	10	a	a	DET
arjefm-81	156	11	favourable	favourable	ADJ
arjefm-81	156	12	effect	effect	NOUN
arjefm-81	156	13	on	on	ADP
arjefm-81	156	14	banks	bank	NOUN
arjefm-81	156	15	’	'	PUNCT
arjefm-81	156	16	performance	performance	NOUN
arjefm-81	156	17	while	while	SCONJ
arjefm-81	156	18	an	an	DET
arjefm-81	156	19	adverse	adverse	ADJ
arjefm-81	156	20	effect	effect	NOUN
arjefm-81	156	21	comes	come	VERB
arjefm-81	156	22	from	from	ADP
arjefm-81	156	23	monetary	monetary	ADJ
arjefm-81	156	24	freedom	freedom	NOUN
arjefm-81	156	25	.	.	PUNCT
arjefm-81	157	1	they	they	PRON
arjefm-81	157	2	concluded	conclude	VERB
arjefm-81	157	3	further	far	ADV
arjefm-81	157	4	that	that	SCONJ
arjefm-81	157	5	corruption	corruption	NOUN
arjefm-81	157	6	has	have	VERB
arjefm-81	157	7	a	a	DET
arjefm-81	157	8	corrosive	corrosive	ADJ
arjefm-81	157	9	impact	impact	NOUN
arjefm-81	157	10	on	on	ADP
arjefm-81	157	11	malaysian	malaysian	ADJ
arjefm-81	157	12	banks	bank	NOUN
arjefm-81	157	13	profitability	profitability	NOUN
arjefm-81	157	14	.	.	PUNCT
arjefm-81	158	1	however	however	ADV
arjefm-81	158	2	,	,	PUNCT
arjefm-81	158	3	aburine	aburine	NOUN
arjefm-81	158	4	[	[	X
arjefm-81	158	5	1	1	NUM
arjefm-81	158	6	]	]	PUNCT
arjefm-81	158	7	analyzed	analyze	VERB
arjefm-81	158	8	factors	factor	NOUN
arjefm-81	158	9	that	that	PRON
arjefm-81	158	10	influence	influence	VERB
arjefm-81	158	11	the	the	DET
arjefm-81	158	12	profitability	profitability	NOUN
arjefm-81	158	13	level	level	NOUN
arjefm-81	158	14	in	in	ADP
arjefm-81	158	15	nigerian	nigerian	ADJ
arjefm-81	158	16	commercial	commercial	ADJ
arjefm-81	158	17	banks	bank	NOUN
arjefm-81	158	18	using	use	VERB
arjefm-81	158	19	panel	panel	NOUN
arjefm-81	158	20	regression	regression	NOUN
arjefm-81	158	21	technique	technique	NOUN
arjefm-81	158	22	for	for	ADP
arjefm-81	158	23	the	the	DET
arjefm-81	158	24	period	period	NOUN
arjefm-81	158	25	2000	2000	NUM
arjefm-81	158	26	-	-	SYM
arjefm-81	158	27	2004	2004	NUM
arjefm-81	158	28	.	.	PUNCT
arjefm-81	159	1	he	he	PRON
arjefm-81	159	2	revealed	reveal	VERB
arjefm-81	159	3	that	that	SCONJ
arjefm-81	159	4	bank	bank	NOUN
arjefm-81	159	5	profitability	profitability	NOUN
arjefm-81	159	6	is	be	AUX
arjefm-81	159	7	significantly	significantly	ADV
arjefm-81	159	8	influenced	influence	VERB
arjefm-81	159	9	by	by	ADP
arjefm-81	159	10	variables	variable	NOUN
arjefm-81	159	11	such	such	ADJ
arjefm-81	159	12	as	as	ADP
arjefm-81	159	13	capital	capital	NOUN
arjefm-81	159	14	size	size	NOUN
arjefm-81	159	15	,	,	PUNCT
arjefm-81	159	16	the	the	DET
arjefm-81	159	17	size	size	NOUN
arjefm-81	159	18	of	of	ADP
arjefm-81	159	19	the	the	DET
arjefm-81	159	20	credit	credit	NOUN
arjefm-81	159	21	portfolio	portfolio	NOUN
arjefm-81	159	22	,	,	PUNCT
arjefm-81	159	23	extent	extent	NOUN
arjefm-81	159	24	of	of	ADP
arjefm-81	159	25	ownership	ownership	NOUN
arjefm-81	159	26	concentration	concentration	NOUN
arjefm-81	159	27	,	,	PUNCT
arjefm-81	159	28	while	while	SCONJ
arjefm-81	159	29	no	no	DET
arjefm-81	159	30	significant	significant	ADJ
arjefm-81	159	31	impact	impact	NOUN
arjefm-81	159	32	was	be	AUX
arjefm-81	159	33	recorded	record	VERB
arjefm-81	159	34	from	from	ADP
arjefm-81	159	35	the	the	DET
arjefm-81	159	36	size	size	NOUN
arjefm-81	159	37	of	of	ADP
arjefm-81	159	38	deposit	deposit	NOUN
arjefm-81	159	39	liabilities	liability	NOUN
arjefm-81	159	40	,	,	PUNCT
arjefm-81	159	41	labour	labour	NOUN
arjefm-81	159	42	productivity	productivity	NOUN
arjefm-81	159	43	,	,	PUNCT
arjefm-81	159	44	and	and	CCONJ
arjefm-81	159	45	the	the	DET
arjefm-81	159	46	state	state	NOUN
arjefm-81	159	47	of	of	ADP
arjefm-81	159	48	it	it	PRON
arjefm-81	159	49	ownership	ownership	NOUN
arjefm-81	159	50	,	,	PUNCT
arjefm-81	159	51	control	control	NOUN
arjefm-81	159	52	-	-	PUNCT
arjefm-81	159	53	ownership	ownership	NOUN
arjefm-81	159	54	disparity	disparity	NOUN
arjefm-81	159	55	,	,	PUNCT
arjefm-81	159	56	and	and	CCONJ
arjefm-81	159	57	structural	structural	ADJ
arjefm-81	159	58	affiliation	affiliation	NOUN
arjefm-81	159	59	.	.	PUNCT
arjefm-81	160	1	similarly	similarly	ADV
arjefm-81	160	2	,	,	PUNCT
arjefm-81	160	3	ani	ani	X
arjefm-81	160	4	et	et	NOUN
arjefm-81	160	5	al.[4	al.[4	PROPN
arjefm-81	160	6	]	]	PUNCT
arjefm-81	160	7	utilized	utilize	VERB
arjefm-81	160	8	pooled	pool	VERB
arjefm-81	160	9	ordinary	ordinary	ADJ
arjefm-81	160	10	least	least	ADJ
arjefm-81	160	11	square	square	ADJ
arjefm-81	160	12	(	(	PUNCT
arjefm-81	160	13	ols	ol	NOUN
arjefm-81	160	14	)	)	PUNCT
arjefm-81	160	15	to	to	PART
arjefm-81	160	16	investigate	investigate	VERB
arjefm-81	160	17	the	the	DET
arjefm-81	160	18	drivers	driver	NOUN
arjefm-81	160	19	of	of	ADP
arjefm-81	160	20	bank	bank	NOUN
arjefm-81	160	21	profitability	profitability	NOUN
arjefm-81	160	22	in	in	ADP
arjefm-81	160	23	nigeria	nigeria	PROPN
arjefm-81	160	24	between	between	ADP
arjefm-81	160	25	2001	2001	NUM
arjefm-81	160	26	and	and	CCONJ
arjefm-81	160	27	2010	2010	NUM
arjefm-81	160	28	.	.	PUNCT
arjefm-81	161	1	they	they	PRON
arjefm-81	161	2	found	find	VERB
arjefm-81	161	3	that	that	SCONJ
arjefm-81	161	4	bank	bank	NOUN
arjefm-81	161	5	size	size	NOUN
arjefm-81	161	6	,	,	PUNCT
arjefm-81	161	7	capital	capital	NOUN
arjefm-81	161	8	and	and	CCONJ
arjefm-81	161	9	asset	asset	NOUN
arjefm-81	161	10	composition	composition	NOUN
arjefm-81	161	11	mainly	mainly	ADV
arjefm-81	161	12	affect	affect	VERB
arjefm-81	161	13	the	the	DET
arjefm-81	161	14	level	level	NOUN
arjefm-81	161	15	of	of	ADP
arjefm-81	161	16	profitability	profitability	NOUN
arjefm-81	161	17	(	(	PUNCT
arjefm-81	161	18	roa	roa	PROPN
arjefm-81	161	19	,	,	PUNCT
arjefm-81	161	20	roe	roe	PROPN
arjefm-81	161	21	,	,	PUNCT
arjefm-81	161	22	nim	nim	PROPN
arjefm-81	161	23	)	)	PUNCT
arjefm-81	161	24	in	in	ADP
arjefm-81	161	25	nigeria	nigeria	PROPN
arjefm-81	161	26	.	.	PUNCT
arjefm-81	162	1	based	base	VERB
arjefm-81	162	2	on	on	ADP
arjefm-81	162	3	the	the	DET
arjefm-81	162	4	above	above	ADJ
arjefm-81	162	5	literature	literature	NOUN
arjefm-81	162	6	reviews	review	NOUN
arjefm-81	162	7	,	,	PUNCT
arjefm-81	162	8	it	it	PRON
arjefm-81	162	9	is	be	AUX
arjefm-81	162	10	obvious	obvious	ADJ
arjefm-81	162	11	that	that	SCONJ
arjefm-81	162	12	little	little	ADJ
arjefm-81	162	13	research	research	NOUN
arjefm-81	162	14	has	have	AUX
arjefm-81	162	15	been	be	AUX
arjefm-81	162	16	carried	carry	VERB
arjefm-81	162	17	out	out	ADP
arjefm-81	162	18	for	for	ADP
arjefm-81	162	19	nigeria	nigeria	PRON
arjefm-81	162	20	where	where	SCONJ
arjefm-81	162	21	commercial	commercial	ADJ
arjefm-81	162	22	banks	bank	NOUN
arjefm-81	162	23	are	be	AUX
arjefm-81	162	24	so	so	ADV
arjefm-81	162	25	relevant	relevant	ADJ
arjefm-81	162	26	for	for	ADP
arjefm-81	162	27	driving	drive	VERB
arjefm-81	162	28	economic	economic	ADJ
arjefm-81	162	29	growth	growth	NOUN
arjefm-81	162	30	and	and	CCONJ
arjefm-81	162	31	development	development	NOUN
arjefm-81	162	32	.	.	PUNCT
arjefm-81	163	1	in	in	ADP
arjefm-81	163	2	addition	addition	NOUN
arjefm-81	163	3	,	,	PUNCT
arjefm-81	163	4	the	the	DET
arjefm-81	163	5	existing	exist	VERB
arjefm-81	163	6	works	work	NOUN
arjefm-81	163	7	found	find	VERB
arjefm-81	163	8	mixed	mixed	ADJ
arjefm-81	163	9	and	and	CCONJ
arjefm-81	163	10	inconclusive	inconclusive	ADJ
arjefm-81	163	11	results	result	NOUN
arjefm-81	163	12	while	while	SCONJ
arjefm-81	163	13	none	none	NOUN
arjefm-81	163	14	of	of	ADP
arjefm-81	163	15	the	the	DET
arjefm-81	163	16	studies	study	NOUN
arjefm-81	163	17	reviewed	review	VERB
arjefm-81	163	18	pays	pay	VERB
arjefm-81	163	19	attention	attention	NOUN
arjefm-81	163	20	to	to	ADP
arjefm-81	163	21	the	the	DET
arjefm-81	163	22	effect	effect	NOUN
arjefm-81	163	23	of	of	ADP
arjefm-81	163	24	2005	2005	NUM
arjefm-81	163	25	bank	bank	NOUN
arjefm-81	163	26	capitalization	capitalization	NOUN
arjefm-81	163	27	in	in	ADP
arjefm-81	163	28	nigeria	nigeria	PROPN
arjefm-81	163	29	.	.	PUNCT
arjefm-81	164	1	the	the	DET
arjefm-81	164	2	need	need	NOUN
arjefm-81	164	3	to	to	PART
arjefm-81	164	4	fill	fill	VERB
arjefm-81	164	5	this	this	DET
arjefm-81	164	6	relevant	relevant	ADJ
arjefm-81	164	7	gap	gap	NOUN
arjefm-81	164	8	motivates	motivate	VERB
arjefm-81	164	9	this	this	DET
arjefm-81	164	10	study	study	NOUN
arjefm-81	164	11	.	.	PUNCT
arjefm-81	165	1	to	to	PART
arjefm-81	165	2	support	support	VERB
arjefm-81	165	3	the	the	DET
arjefm-81	165	4	main	main	ADJ
arjefm-81	165	5	contribution	contribution	NOUN
arjefm-81	165	6	of	of	ADP
arjefm-81	165	7	the	the	DET
arjefm-81	165	8	present	present	ADJ
arjefm-81	165	9	study	study	NOUN
arjefm-81	165	10	,	,	PUNCT
arjefm-81	165	11	table	table	NOUN
arjefm-81	165	12	1	1	NUM
arjefm-81	165	13	summarizes	summarize	NOUN
arjefm-81	165	14	a	a	DET
arjefm-81	165	15	recent	recent	ADJ
arjefm-81	165	16	documentation	documentation	NOUN
arjefm-81	165	17	of	of	ADP
arjefm-81	165	18	the	the	DET
arjefm-81	165	19	empirical	empirical	ADJ
arjefm-81	165	20	evidence	evidence	NOUN
arjefm-81	165	21	so	so	ADV
arjefm-81	165	22	far	far	ADV
arjefm-81	165	23	.	.	PUNCT
arjefm-81	166	1	4	4	X
arjefm-81	166	2	.	.	X
arjefm-81	166	3	analytical	analytical	ADJ
arjefm-81	166	4	framework	framework	NOUN
arjefm-81	166	5	and	and	CCONJ
arjefm-81	166	6	methodology	methodology	NOUN
arjefm-81	166	7	4.1	4.1	NUM
arjefm-81	166	8	analytical	analytical	ADJ
arjefm-81	166	9	framework	framework	NOUN
arjefm-81	166	10	4.1.1	4.1.1	NUM
arjefm-81	166	11	conceptual	conceptual	ADJ
arjefm-81	166	12	framework	framework	NOUN
arjefm-81	166	13	bank	bank	NOUN
arjefm-81	166	14	profitability	profitability	NOUN
arjefm-81	166	15	is	be	AUX
arjefm-81	166	16	measured	measure	VERB
arjefm-81	166	17	in	in	ADP
arjefm-81	166	18	three	three	NUM
arjefm-81	166	19	different	different	ADJ
arjefm-81	166	20	ways	way	NOUN
arjefm-81	166	21	.	.	PUNCT
arjefm-81	167	1	some	some	DET
arjefm-81	167	2	studies	study	NOUN
arjefm-81	167	3	measured	measure	VERB
arjefm-81	167	4	bank	bank	NOUN
arjefm-81	167	5	profitability	profitability	NOUN
arjefm-81	167	6	using	use	VERB
arjefm-81	167	7	returns	return	NOUN
arjefm-81	167	8	on	on	ADP
arjefm-81	167	9	assets	asset	NOUN
arjefm-81	167	10	(	(	PUNCT
arjefm-81	167	11	roa	roa	NOUN
arjefm-81	167	12	)	)	PUNCT
arjefm-81	167	13	and	and	CCONJ
arjefm-81	167	14	returns	return	NOUN
arjefm-81	167	15	on	on	ADP
arjefm-81	167	16	equity(roe)(see	equity(roe)(see	PROPN
arjefm-81	167	17	antonio	antonio	PROPN
arjefm-81	167	18	trujillo	trujillo	PROPN
arjefm-81	167	19	-	-	PUNCT
arjefm-81	167	20	ponce,[33	ponce,[33	PROPN
arjefm-81	167	21	]	]	X
arjefm-81	167	22	;	;	PUNCT
arjefm-81	167	23	naceur	naceur	PROPN
arjefm-81	167	24	&	&	CCONJ
arjefm-81	167	25	omran,[22	omran,[22	PROPN
arjefm-81	167	26	]	]	X
arjefm-81	167	27	)	)	PUNCT
arjefm-81	167	28	while	while	SCONJ
arjefm-81	167	29	another	another	DET
arjefm-81	167	30	stream	stream	NOUN
arjefm-81	167	31	of	of	ADP
arjefm-81	167	32	research	research	NOUN
arjefm-81	167	33	extends	extend	VERB
arjefm-81	167	34	the	the	DET
arjefm-81	167	35	measure	measure	NOUN
arjefm-81	167	36	of	of	ADP
arjefm-81	167	37	bank	bank	NOUN
arjefm-81	167	38	profitability	profitability	NOUN
arjefm-81	167	39	by	by	ADP
arjefm-81	167	40	including	include	VERB
arjefm-81	167	41	net	net	ADJ
arjefm-81	167	42	interest	interest	NOUN
arjefm-81	167	43	margin	margin	NOUN
arjefm-81	167	44	(	(	PUNCT
arjefm-81	167	45	nim	nim	NOUN
arjefm-81	167	46	)	)	PUNCT
arjefm-81	167	47	(	(	PUNCT
arjefm-81	167	48	see	see	VERB
arjefm-81	167	49	ani	ani	INTJ
arjefm-81	167	50	et	et	NOUN
arjefm-81	167	51	al.[4	al.[4	PROPN
arjefm-81	167	52	]	]	PUNCT
arjefm-81	167	53	,	,	PUNCT
arjefm-81	167	54	andreas	andreas	PROPN
arjefm-81	167	55	dietrich	dietrich	PROPN
arjefm-81	167	56	and	and	CCONJ
arjefm-81	167	57	gabrielle	gabrielle	PROPN
arjefm-81	167	58	wanzenrid	wanzenrid	VERB
arjefm-81	168	1	[	[	X
arjefm-81	168	2	8].andreas	8].andreas	NUM
arjefm-81	168	3	and	and	CCONJ
arjefm-81	168	4	gabrielle	gabrielle	NOUN
arjefm-81	169	1	[	[	X
arjefm-81	169	2	8	8	NUM
arjefm-81	169	3	]	]	PUNCT
arjefm-81	169	4	and	and	CCONJ
arjefm-81	169	5	pasiouras	pasioura	NOUN
arjefm-81	169	6	and	and	CCONJ
arjefm-81	169	7	kosmidou	kosmidou	PROPN
arjefm-81	169	8	[	[	X
arjefm-81	169	9	25	25	NUM
arjefm-81	169	10	]	]	PUNCT
arjefm-81	169	11	used	use	VERB
arjefm-81	169	12	returns	return	NOUN
arjefm-81	169	13	on	on	ADP
arjefm-81	169	14	average	average	ADJ
arjefm-81	169	15	assets	asset	NOUN
arjefm-81	169	16	(	(	PUNCT
arjefm-81	169	17	roaa	roaa	PROPN
arjefm-81	169	18	)	)	PUNCT
arjefm-81	169	19	instead	instead	ADV
arjefm-81	169	20	of	of	ADP
arjefm-81	169	21	roa	roa	NOUN
arjefm-81	169	22	in	in	ADP
arjefm-81	169	23	their	their	PRON
arjefm-81	169	24	empirical	empirical	ADJ
arjefm-81	169	25	work	work	NOUN
arjefm-81	169	26	.	.	PUNCT
arjefm-81	170	1	in	in	ADP
arjefm-81	170	2	addition	addition	NOUN
arjefm-81	170	3	,	,	PUNCT
arjefm-81	170	4	the	the	DET
arjefm-81	170	5	formerly	formerly	ADV
arjefm-81	170	6	employed	employ	VERB
arjefm-81	170	7	returns	return	NOUN
arjefm-81	170	8	on	on	ADP
arjefm-81	170	9	average	average	ADJ
arjefm-81	170	10	equity	equity	NOUN
arjefm-81	170	11	(	(	PUNCT
arjefm-81	170	12	roae	roae	PROPN
arjefm-81	170	13	)	)	PUNCT
arjefm-81	170	14	in	in	ADP
arjefm-81	170	15	place	place	NOUN
arjefm-81	170	16	of	of	ADP
arjefm-81	170	17	roe	roe	NOUN
arjefm-81	170	18	to	to	PART
arjefm-81	170	19	measure	measure	VERB
arjefm-81	170	20	bank	bank	NOUN
arjefm-81	170	21	profitability	profitability	NOUN
arjefm-81	170	22	.	.	PUNCT
arjefm-81	171	1	however	however	ADV
arjefm-81	171	2	,	,	PUNCT
arjefm-81	171	3	short	short	ADJ
arjefm-81	171	4	[	[	X
arjefm-81	171	5	28	28	NUM
arjefm-81	171	6	]	]	PUNCT
arjefm-81	171	7	used	use	VERB
arjefm-81	171	8	the	the	DET
arjefm-81	171	9	profit	profit	NOUN
arjefm-81	171	10	rate	rate	NOUN
arjefm-81	171	11	to	to	PART
arjefm-81	171	12	capture	capture	VERB
arjefm-81	171	13	the	the	DET
arjefm-81	171	14	bank	bank	NOUN
arjefm-81	171	15	profitability	profitability	NOUN
arjefm-81	171	16	.	.	PUNCT
arjefm-81	172	1	in	in	ADP
arjefm-81	172	2	the	the	DET
arjefm-81	172	3	light	light	NOUN
arjefm-81	172	4	of	of	ADP
arjefm-81	172	5	this	this	PRON
arjefm-81	172	6	,	,	PUNCT
arjefm-81	172	7	this	this	DET
arjefm-81	172	8	study	study	NOUN
arjefm-81	172	9	employs	employ	VERB
arjefm-81	172	10	returns	return	NOUN
arjefm-81	172	11	on	on	ADP
arjefm-81	172	12	assets	asset	NOUN
arjefm-81	172	13	(	(	PUNCT
arjefm-81	172	14	roa	roa	NOUN
arjefm-81	172	15	)	)	PUNCT
arjefm-81	172	16	,	,	PUNCT
arjefm-81	172	17	returns	return	NOUN
arjefm-81	172	18	on	on	ADP
arjefm-81	172	19	equity	equity	NOUN
arjefm-81	172	20	(	(	PUNCT
arjefm-81	172	21	roe	roe	PROPN
arjefm-81	172	22	)	)	PUNCT
arjefm-81	172	23	,	,	PUNCT
arjefm-81	172	24	and	and	CCONJ
arjefm-81	172	25	net	net	ADJ
arjefm-81	172	26	interest	interest	NOUN
arjefm-81	172	27	margins	margin	NOUN
arjefm-81	172	28	(	(	PUNCT
arjefm-81	172	29	nim	nim	NOUN
arjefm-81	172	30	)	)	PUNCT
arjefm-81	172	31	as	as	ADP
arjefm-81	172	32	a	a	DET
arjefm-81	172	33	proxy	proxy	NOUN
arjefm-81	172	34	for	for	ADP
arjefm-81	172	35	bank	bank	NOUN
arjefm-81	172	36	profitability	profitability	NOUN
arjefm-81	172	37	.	.	PUNCT
arjefm-81	173	1	4.1.2	4.1.2	NUM
arjefm-81	173	2	theoretical	theoretical	ADJ
arjefm-81	173	3	framework	framework	NOUN
arjefm-81	173	4	two	two	NUM
arjefm-81	173	5	broad	broad	ADJ
arjefm-81	173	6	approaches	approach	NOUN
arjefm-81	173	7	have	have	AUX
arjefm-81	173	8	been	be	AUX
arjefm-81	173	9	employed	employ	VERB
arjefm-81	173	10	to	to	PART
arjefm-81	173	11	examine	examine	VERB
arjefm-81	173	12	the	the	DET
arjefm-81	173	13	market	market	NOUN
arjefm-81	173	14	structure	structure	NOUN
arjefm-81	173	15	,	,	PUNCT
arjefm-81	173	16	namely	namely	ADV
arjefm-81	173	17	;	;	PUNCT
arjefm-81	173	18	traditional	traditional	ADJ
arjefm-81	173	19	and	and	CCONJ
arjefm-81	173	20	empirical	empirical	ADJ
arjefm-81	173	21	approaches	approach	NOUN
arjefm-81	173	22	.	.	PUNCT
arjefm-81	174	1	the	the	DET
arjefm-81	174	2	traditional	traditional	ADJ
arjefm-81	174	3	approach	approach	NOUN
arjefm-81	174	4	supports	support	VERB
arjefm-81	174	5	the	the	DET
arjefm-81	174	6	structure	structure	NOUN
arjefm-81	174	7	conduct	conduct	NOUN
arjefm-81	174	8	performance	performance	NOUN
arjefm-81	174	9	(	(	PUNCT
arjefm-81	174	10	scp	scp	PROPN
arjefm-81	174	11	)	)	PUNCT
arjefm-81	174	12	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	174	13	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	175	1	american	american	PROPN
arjefm-81	175	2	research	research	PROPN
arjefm-81	175	3	journal	journal	PROPN
arjefm-81	175	4	of	of	ADP
arjefm-81	175	5	economics	economic	NOUN
arjefm-81	175	6	,	,	PUNCT
arjefm-81	175	7	finance	finance	NOUN
arjefm-81	175	8	and	and	CCONJ
arjefm-81	175	9	management	management	NOUN
arjefm-81	175	10	volume	volume	NOUN
arjefm-81	175	11	11	11	NUM
arjefm-81	175	12	issue	issue	NOUN
arjefm-81	175	13	2	2	NUM
arjefm-81	175	14	,	,	PUNCT
arjefm-81	175	15	april	april	PROPN
arjefm-81	175	16	-	-	PUNCT
arjefm-81	175	17	june	june	PROPN
arjefm-81	175	18	2023	2023	NUM
arjefm-81	175	19	issn	issn	PROPN
arjefm-81	175	20	:	:	PUNCT
arjefm-81	175	21	2836	2836	NUM
arjefm-81	175	22	-	-	SYM
arjefm-81	175	23	9416	9416	NUM
arjefm-81	175	24	impact	impact	NOUN
arjefm-81	175	25	factor	factor	NOUN
arjefm-81	175	26	:	:	PUNCT
arjefm-81	175	27	5.57	5.57	NUM
arjefm-81	175	28	journal	journal	NOUN
arjefm-81	175	29	homepage	homepage	NOUN
arjefm-81	175	30	:	:	PUNCT
arjefm-81	175	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	175	32	,	,	PUNCT
arjefm-81	175	33	email	email	NOUN
arjefm-81	175	34	:	:	PUNCT
arjefm-81	176	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	176	2	official	official	ADJ
arjefm-81	176	3	journal	journal	PROPN
arjefm-81	176	4	of	of	ADP
arjefm-81	176	5	america	america	PROPN
arjefm-81	176	6	serial	serial	PROPN
arjefm-81	176	7	publication	publication	NOUN
arjefm-81	176	8	american	american	PROPN
arjefm-81	176	9	research	research	PROPN
arjefm-81	176	10	journal	journal	PROPN
arjefm-81	176	11	of	of	ADP
arjefm-81	176	12	economics	economic	NOUN
arjefm-81	176	13	,	,	PUNCT
arjefm-81	176	14	finance	finance	NOUN
arjefm-81	176	15	and	and	CCONJ
arjefm-81	176	16	management	management	NOUN
arjefm-81	176	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	176	18	,	,	PUNCT
arjefm-81	176	19	email	email	NOUN
arjefm-81	176	20	:	:	PUNCT
arjefm-81	176	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	177	1	46	46	NUM
arjefm-81	178	1	|	|	ADV
arjefm-81	178	2	p	p	X
arjefm-81	178	3	a	a	DET
arjefm-81	178	4	g	g	NOUN
arjefm-81	178	5	e	e	NOUN
arjefm-81	178	6	hypothesis	hypothesis	NOUN
arjefm-81	178	7	which	which	PRON
arjefm-81	178	8	states	state	VERB
arjefm-81	178	9	that	that	SCONJ
arjefm-81	178	10	greater	great	ADJ
arjefm-81	178	11	concentration	concentration	NOUN
arjefm-81	178	12	leads	lead	VERB
arjefm-81	178	13	to	to	ADP
arjefm-81	178	14	less	less	ADV
arjefm-81	178	15	competitive	competitive	ADJ
arjefm-81	178	16	bank	bank	NOUN
arjefm-81	178	17	conduct	conduct	NOUN
arjefm-81	178	18	and	and	CCONJ
arjefm-81	178	19	invariably	invariably	ADV
arjefm-81	178	20	results	result	VERB
arjefm-81	178	21	in	in	ADP
arjefm-81	178	22	higher	high	ADJ
arjefm-81	178	23	bank	bank	NOUN
arjefm-81	178	24	profitability	profitability	NOUN
arjefm-81	178	25	.	.	PUNCT
arjefm-81	179	1	therefore	therefore	ADV
arjefm-81	179	2	,	,	PUNCT
arjefm-81	179	3	it	it	PRON
arjefm-81	179	4	uses	use	VERB
arjefm-81	179	5	concentration	concentration	NOUN
arjefm-81	179	6	indices	index	NOUN
arjefm-81	179	7	such	such	ADJ
arjefm-81	179	8	as	as	ADP
arjefm-81	179	9	market	market	NOUN
arjefm-81	179	10	share	share	NOUN
arjefm-81	179	11	of	of	ADP
arjefm-81	179	12	the	the	DET
arjefm-81	179	13	largest	large	ADJ
arjefm-81	179	14	banks	bank	NOUN
arjefm-81	179	15	or	or	CCONJ
arjefm-81	179	16	the	the	DET
arjefm-81	179	17	herfindahl	herfindahl	NOUN
arjefm-81	179	18	index	index	NOUN
arjefm-81	179	19	(	(	PUNCT
arjefm-81	179	20	(	(	PUNCT
arjefm-81	179	21	fungáčová	fungáčová	X
arjefm-81	179	22	et	et	PROPN
arjefm-81	179	23	al	al	PROPN
arjefm-81	179	24	.	.	PUNCT
arjefm-81	180	1	[	[	X
arjefm-81	180	2	13]).however	13]).however	NUM
arjefm-81	180	3	,	,	PUNCT
arjefm-81	180	4	the	the	DET
arjefm-81	180	5	empirical	empirical	ADJ
arjefm-81	180	6	approach	approach	NOUN
arjefm-81	180	7	carries	carry	VERB
arjefm-81	180	8	out	out	ADP
arjefm-81	180	9	non	non	ADJ
arjefm-81	180	10	-	-	ADJ
arjefm-81	180	11	structural	structural	ADJ
arjefm-81	180	12	tests	test	NOUN
arjefm-81	180	13	to	to	PART
arjefm-81	180	14	address	address	VERB
arjefm-81	180	15	the	the	DET
arjefm-81	180	16	problem	problem	NOUN
arjefm-81	180	17	of	of	ADP
arjefm-81	180	18	indirect	indirect	ADJ
arjefm-81	180	19	proxies	proxy	NOUN
arjefm-81	180	20	for	for	ADP
arjefm-81	180	21	market	market	NOUN
arjefm-81	180	22	competition	competition	NOUN
arjefm-81	180	23	under	under	ADP
arjefm-81	180	24	the	the	DET
arjefm-81	180	25	traditional	traditional	ADJ
arjefm-81	180	26	method	method	NOUN
arjefm-81	180	27	.	.	PUNCT
arjefm-81	181	1	the	the	DET
arjefm-81	181	2	non	non	ADJ
arjefm-81	181	3	-	-	ADJ
arjefm-81	181	4	structural	structural	ADJ
arjefm-81	181	5	measures	measure	NOUN
arjefm-81	181	6	under	under	ADP
arjefm-81	181	7	the	the	DET
arjefm-81	181	8	banks	bank	NOUN
arjefm-81	181	9	’	'	PUNCT
arjefm-81	181	10	conduct	conduct	VERB
arjefm-81	181	11	directly	directly	ADV
arjefm-81	181	12	through	through	ADP
arjefm-81	181	13	indices	index	NOUN
arjefm-81	181	14	such	such	ADJ
arjefm-81	181	15	as	as	ADP
arjefm-81	181	16	lerner	lerner	PROPN
arjefm-81	181	17	index	index	PROPN
arjefm-81	181	18	with	with	ADP
arjefm-81	181	19	the	the	DET
arjefm-81	181	20	aid	aid	NOUN
arjefm-81	181	21	of	of	ADP
arjefm-81	181	22	micro	micro	ADJ
arjefm-81	181	23	-	-	NOUN
arjefm-81	181	24	level	level	ADJ
arjefm-81	181	25	bank	bank	NOUN
arjefm-81	181	26	data	datum	NOUN
arjefm-81	181	27	(	(	PUNCT
arjefm-81	181	28	fungáčová	fungáčová	X
arjefm-81	181	29	et	et	PROPN
arjefm-81	181	30	al	al	PROPN
arjefm-81	181	31	.	.	PROPN
arjefm-81	181	32	,	,	PUNCT
arjefm-81	182	1	[	[	X
arjefm-81	182	2	13	13	NUM
arjefm-81	182	3	]	]	NUM
arjefm-81	182	4	)	)	PUNCT
arjefm-81	182	5	.	.	PUNCT
arjefm-81	183	1	however	however	ADV
arjefm-81	183	2	,	,	PUNCT
arjefm-81	183	3	the	the	DET
arjefm-81	183	4	argument	argument	NOUN
arjefm-81	183	5	against	against	ADP
arjefm-81	183	6	lerner	lerner	PROPN
arjefm-81	183	7	index	index	PROPN
arjefm-81	183	8	is	be	AUX
arjefm-81	183	9	that	that	SCONJ
arjefm-81	183	10	it	it	PRON
arjefm-81	183	11	is	be	AUX
arjefm-81	183	12	applicable	applicable	ADJ
arjefm-81	183	13	in	in	ADP
arjefm-81	183	14	the	the	DET
arjefm-81	183	15	case	case	NOUN
arjefm-81	183	16	of	of	ADP
arjefm-81	183	17	a	a	DET
arjefm-81	183	18	monopoly	monopoly	NOUN
arjefm-81	183	19	situation	situation	NOUN
arjefm-81	183	20	.	.	PUNCT
arjefm-81	184	1	consider	consider	VERB
arjefm-81	184	2	the	the	DET
arjefm-81	184	3	nature	nature	NOUN
arjefm-81	184	4	of	of	ADP
arjefm-81	184	5	nigeria	nigeria	PROPN
arjefm-81	184	6	's	's	PART
arjefm-81	184	7	banking	banking	NOUN
arjefm-81	184	8	industry	industry	NOUN
arjefm-81	184	9	;	;	PUNCT
arjefm-81	184	10	it	it	PRON
arjefm-81	184	11	is	be	AUX
arjefm-81	184	12	a	a	DET
arjefm-81	184	13	widely	widely	ADV
arjefm-81	184	14	acceptable	acceptable	ADJ
arjefm-81	184	15	fact	fact	NOUN
arjefm-81	184	16	that	that	SCONJ
arjefm-81	184	17	the	the	DET
arjefm-81	184	18	industry	industry	NOUN
arjefm-81	184	19	is	be	AUX
arjefm-81	184	20	not	not	PART
arjefm-81	184	21	a	a	DET
arjefm-81	184	22	monopoly	monopoly	NOUN
arjefm-81	184	23	.	.	PUNCT
arjefm-81	185	1	therefore	therefore	ADV
arjefm-81	185	2	,	,	PUNCT
arjefm-81	185	3	the	the	DET
arjefm-81	185	4	study	study	NOUN
arjefm-81	185	5	will	will	AUX
arjefm-81	185	6	employ	employ	VERB
arjefm-81	185	7	herfindahl	herfindahl	NOUN
arjefm-81	185	8	index	index	NOUN
arjefm-81	185	9	based	base	VERB
arjefm-81	185	10	on	on	ADP
arjefm-81	185	11	the	the	DET
arjefm-81	185	12	nature	nature	NOUN
arjefm-81	185	13	of	of	ADP
arjefm-81	185	14	data	datum	NOUN
arjefm-81	185	15	availability	availability	NOUN
arjefm-81	185	16	and	and	CCONJ
arjefm-81	185	17	the	the	DET
arjefm-81	185	18	real	real	ADJ
arjefm-81	185	19	situation	situation	NOUN
arjefm-81	185	20	of	of	ADP
arjefm-81	185	21	commercial	commercial	ADJ
arjefm-81	185	22	banks	bank	NOUN
arjefm-81	185	23	in	in	ADP
arjefm-81	185	24	nigeria	nigeria	PROPN
arjefm-81	185	25	.	.	PUNCT
arjefm-81	186	1	4.2	4.2	NUM
arjefm-81	186	2	methodology	methodology	NOUN
arjefm-81	186	3	4.2.1	4.2.1	NUM
arjefm-81	186	4	nature	nature	NOUN
arjefm-81	186	5	of	of	ADP
arjefm-81	186	6	data	datum	NOUN
arjefm-81	186	7	table	table	NOUN
arjefm-81	186	8	2	2	NUM
arjefm-81	186	9	provides	provide	VERB
arjefm-81	186	10	the	the	DET
arjefm-81	186	11	description	description	NOUN
arjefm-81	186	12	of	of	ADP
arjefm-81	186	13	variables	variable	NOUN
arjefm-81	186	14	utilized	utilize	VERB
arjefm-81	186	15	for	for	ADP
arjefm-81	186	16	this	this	DET
arjefm-81	186	17	study	study	NOUN
arjefm-81	186	18	as	as	ADV
arjefm-81	186	19	well	well	ADV
arjefm-81	186	20	as	as	ADP
arjefm-81	186	21	their	their	PRON
arjefm-81	186	22	data	data	NOUN
arjefm-81	186	23	source	source	NOUN
arjefm-81	186	24	.	.	PUNCT
arjefm-81	187	1	4.2.2	4.2.2	NUM
arjefm-81	187	2	panel	panel	NOUN
arjefm-81	187	3	unit	unit	NOUN
arjefm-81	187	4	root	root	PROPN
arjefm-81	187	5	panel	panel	PROPN
arjefm-81	187	6	unit	unit	NOUN
arjefm-81	187	7	root	root	NOUN
arjefm-81	187	8	is	be	AUX
arjefm-81	187	9	analogous	analogous	ADJ
arjefm-81	187	10	to	to	ADP
arjefm-81	187	11	unit	unit	NOUN
arjefm-81	187	12	root	root	NOUN
arjefm-81	187	13	in	in	ADP
arjefm-81	187	14	time	time	NOUN
arjefm-81	187	15	series	series	PROPN
arjefm-81	187	16	data	data	PROPN
arjefm-81	187	17	.	.	PUNCT
arjefm-81	188	1	however	however	ADV
arjefm-81	188	2	,	,	PUNCT
arjefm-81	188	3	the	the	DET
arjefm-81	188	4	main	main	ADJ
arjefm-81	188	5	difference	difference	NOUN
arjefm-81	188	6	is	be	AUX
arjefm-81	188	7	testing	test	VERB
arjefm-81	188	8	the	the	DET
arjefm-81	188	9	asymptotic	asymptotic	ADJ
arjefm-81	188	10	behavior	behavior	NOUN
arjefm-81	188	11	of	of	ADP
arjefm-81	188	12	time	time	NOUN
arjefm-81	188	13	series	series	PROPN
arjefm-81	188	14	(	(	PUNCT
arjefm-81	188	15	t	t	PROPN
arjefm-81	188	16	)	)	PUNCT
arjefm-81	188	17	only	only	ADV
arjefm-81	188	18	,	,	PUNCT
arjefm-81	188	19	while	while	SCONJ
arjefm-81	188	20	panel	panel	NOUN
arjefm-81	188	21	unit	unit	NOUN
arjefm-81	188	22	root	root	NOUN
arjefm-81	188	23	considers	consider	VERB
arjefm-81	188	24	asymptotic	asymptotic	ADJ
arjefm-81	188	25	behavior	behavior	NOUN
arjefm-81	188	26	in	in	ADP
arjefm-81	188	27	both	both	DET
arjefm-81	188	28	time	time	NOUN
arjefm-81	188	29	series	series	PROPN
arjefm-81	188	30	(	(	PUNCT
arjefm-81	188	31	t	t	PROPN
arjefm-81	188	32	)	)	PUNCT
arjefm-81	188	33	and	and	CCONJ
arjefm-81	188	34	cross	cross	ADJ
arjefm-81	188	35	-	-	ADJ
arjefm-81	188	36	sectional	sectional	ADJ
arjefm-81	188	37	(	(	PUNCT
arjefm-81	188	38	n	n	CCONJ
arjefm-81	188	39	)	)	PUNCT
arjefm-81	188	40	.	.	PUNCT
arjefm-81	189	1	to	to	PART
arjefm-81	189	2	determine	determine	VERB
arjefm-81	189	3	the	the	DET
arjefm-81	189	4	asymptotic	asymptotic	ADJ
arjefm-81	189	5	behavior	behavior	NOUN
arjefm-81	189	6	of	of	ADP
arjefm-81	189	7	estimators	estimator	NOUN
arjefm-81	189	8	,	,	PUNCT
arjefm-81	189	9	we	we	PRON
arjefm-81	189	10	will	will	AUX
arjefm-81	189	11	critically	critically	ADV
arjefm-81	189	12	examine	examine	VERB
arjefm-81	189	13	how	how	SCONJ
arjefm-81	189	14	n	n	NUM
arjefm-81	189	15	and	and	CCONJ
arjefm-81	189	16	t	t	PROPN
arjefm-81	189	17	converge	converge	VERB
arjefm-81	189	18	to	to	ADP
arjefm-81	189	19	infinity	infinity	NOUN
arjefm-81	189	20	.	.	PUNCT
arjefm-81	190	1	thus	thus	ADV
arjefm-81	190	2	,	,	PUNCT
arjefm-81	190	3	this	this	PRON
arjefm-81	190	4	is	be	AUX
arjefm-81	190	5	used	use	VERB
arjefm-81	190	6	for	for	ADP
arjefm-81	190	7	testing	test	VERB
arjefm-81	190	8	non	non	ADJ
arjefm-81	190	9	-	-	ADJ
arjefm-81	190	10	stationary	stationary	ADJ
arjefm-81	190	11	panels	panel	NOUN
arjefm-81	190	12	.	.	PUNCT
arjefm-81	191	1	the	the	DET
arjefm-81	191	2	asymptotic	asymptotic	ADJ
arjefm-81	191	3	behavior	behavior	NOUN
arjefm-81	191	4	can	can	AUX
arjefm-81	191	5	be	be	AUX
arjefm-81	191	6	achieved	achieve	VERB
arjefm-81	191	7	through	through	ADP
arjefm-81	191	8	the	the	DET
arjefm-81	191	9	following	following	NOUN
arjefm-81	191	10	:	:	PUNCT
arjefm-81	191	11	(	(	PUNCT
arjefm-81	191	12	a	a	X
arjefm-81	191	13	)	)	PUNCT
arjefm-81	191	14	sequential	sequential	ADJ
arjefm-81	191	15	limit	limit	NOUN
arjefm-81	191	16	theory	theory	NOUN
arjefm-81	191	17	whereby	whereby	SCONJ
arjefm-81	191	18	a	a	DET
arjefm-81	191	19	dimension	dimension	NOUN
arjefm-81	191	20	,	,	PUNCT
arjefm-81	191	21	say	say	VERB
arjefm-81	191	22	t	t	PROPN
arjefm-81	191	23	is	be	AUX
arjefm-81	191	24	fixed	fix	VERB
arjefm-81	191	25	and	and	CCONJ
arjefm-81	191	26	dimension	dimension	NOUN
arjefm-81	191	27	n	n	PRON
arjefm-81	191	28	is	be	AUX
arjefm-81	191	29	allowed	allow	VERB
arjefm-81	191	30	to	to	PART
arjefm-81	191	31	move	move	VERB
arjefm-81	191	32	to	to	ADP
arjefm-81	191	33	infinity	infinity	NOUN
arjefm-81	191	34	,	,	PUNCT
arjefm-81	191	35	giving	give	VERB
arjefm-81	191	36	an	an	DET
arjefm-81	191	37	intermediate	intermediate	ADJ
arjefm-81	191	38	limit	limit	NOUN
arjefm-81	191	39	,	,	PUNCT
arjefm-81	191	40	then	then	ADV
arjefm-81	191	41	allows	allow	VERB
arjefm-81	191	42	t	t	PROPN
arjefm-81	191	43	to	to	PART
arjefm-81	191	44	move	move	VERB
arjefm-81	191	45	to	to	AUX
arjefm-81	191	46	infinity	infinity	NOUN
arjefm-81	191	47	successively	successively	ADV
arjefm-81	191	48	;	;	PUNCT
arjefm-81	191	49	(	(	PUNCT
arjefm-81	191	50	b	b	X
arjefm-81	191	51	)	)	PUNCT
arjefm-81	191	52	diagonal	diagonal	ADJ
arjefm-81	191	53	path	path	NOUN
arjefm-81	191	54	limits	limit	NOUN
arjefm-81	191	55	that	that	PRON
arjefm-81	191	56	allowed	allow	VERB
arjefm-81	191	57	both	both	DET
arjefm-81	191	58	dimensions	dimension	NOUN
arjefm-81	191	59	n	n	PRON
arjefm-81	191	60	and	and	CCONJ
arjefm-81	191	61	t	t	PROPN
arjefm-81	191	62	to	to	PART
arjefm-81	191	63	approach	approach	VERB
arjefm-81	191	64	infinity	infinity	NOUN
arjefm-81	191	65	along	along	ADP
arjefm-81	191	66	a	a	DET
arjefm-81	191	67	diagonal	diagonal	ADJ
arjefm-81	191	68	path	path	NOUN
arjefm-81	191	69	;	;	PUNCT
arjefm-81	191	70	and	and	CCONJ
arjefm-81	191	71	(	(	PUNCT
arjefm-81	191	72	c	c	X
arjefm-81	191	73	)	)	PUNCT
arjefm-81	191	74	joint	joint	ADJ
arjefm-81	191	75	limits	limit	NOUN
arjefm-81	191	76	,	,	PUNCT
arjefm-81	191	77	also	also	ADV
arjefm-81	191	78	allowed	allow	VERB
arjefm-81	191	79	both	both	DET
arjefm-81	191	80	cross	cross	ADJ
arjefm-81	191	81	-	-	ADJ
arjefm-81	191	82	sectional	sectional	ADJ
arjefm-81	191	83	(	(	PUNCT
arjefm-81	191	84	n	n	CCONJ
arjefm-81	191	85	)	)	PUNCT
arjefm-81	191	86	and	and	CCONJ
arjefm-81	191	87	time	time	NOUN
arjefm-81	191	88	-	-	PUNCT
arjefm-81	191	89	series	series	NOUN
arjefm-81	191	90	(	(	PUNCT
arjefm-81	191	91	t	t	PROPN
arjefm-81	191	92	)	)	PUNCT
arjefm-81	191	93	to	to	PART
arjefm-81	191	94	approach	approach	VERB
arjefm-81	191	95	infinity	infinity	NOUN
arjefm-81	191	96	simultaneously	simultaneously	ADV
arjefm-81	191	97	without	without	ADP
arjefm-81	191	98	placing	place	VERB
arjefm-81	191	99	diagonal	diagonal	ADJ
arjefm-81	191	100	path	path	NOUN
arjefm-81	191	101	restrictions	restriction	NOUN
arjefm-81	191	102	on	on	ADP
arjefm-81	191	103	the	the	DET
arjefm-81	191	104	divergence	divergence	NOUN
arjefm-81	191	105	and	and	CCONJ
arjefm-81	191	106	these	these	PRON
arjefm-81	191	107	are	be	AUX
arjefm-81	191	108	more	more	ADV
arjefm-81	191	109	robust	robust	ADJ
arjefm-81	191	110	than	than	ADP
arjefm-81	191	111	the	the	DET
arjefm-81	191	112	other	other	ADJ
arjefm-81	191	113	ones	one	NOUN
arjefm-81	191	114	(	(	PUNCT
arjefm-81	191	115	sequential	sequential	ADJ
arjefm-81	191	116	limit	limit	NOUN
arjefm-81	191	117	theory	theory	NOUN
arjefm-81	191	118	and	and	CCONJ
arjefm-81	191	119	diagonal	diagonal	ADJ
arjefm-81	191	120	path	path	NOUN
arjefm-81	191	121	limits).let	limits).let	VERB
arjefm-81	191	122	us	we	PRON
arjefm-81	191	123	consider	consider	VERB
arjefm-81	191	124	the	the	DET
arjefm-81	191	125	model	model	NOUN
arjefm-81	191	126	:	:	PUNCT
arjefm-81	191	127	=	=	PUNCT
arjefm-81	191	128	∝	∝	X
arjefm-81	191	129	+	+	CCONJ
arjefm-81	191	130	,	,	PUNCT
arjefm-81	191	131	,	,	PUNCT
arjefm-81	191	132	=	=	NOUN
arjefm-81	191	133	1	1	NUM
arjefm-81	191	134	,	,	PUNCT
arjefm-81	191	135	2	2	NUM
arjefm-81	191	136	,	,	PUNCT
arjefm-81	191	137	…	…	PUNCT
arjefm-81	191	138	,	,	PUNCT
arjefm-81	191	139	=	=	NOUN
arjefm-81	191	140	1	1	NUM
arjefm-81	191	141	,	,	PUNCT
arjefm-81	191	142	2	2	NUM
arjefm-81	191	143	,	,	PUNCT
arjefm-81	191	144	…	…	PUNCT
arjefm-81	191	145	,	,	PUNCT
arjefm-81	191	146	(	(	PUNCT
arjefm-81	191	147	1	1	X
arjefm-81	191	148	)	)	PUNCT
arjefm-81	191	149	where	where	SCONJ
arjefm-81	191	150	is	be	AUX
arjefm-81	191	151	the	the	DET
arjefm-81	191	152	exogenous	exogenous	ADJ
arjefm-81	191	153	variables	variable	NOUN
arjefm-81	191	154	,	,	PUNCT
arjefm-81	191	155	is	be	AUX
arjefm-81	191	156	the	the	DET
arjefm-81	191	157	autoregressive	autoregressive	ADJ
arjefm-81	191	158	coefficients	coefficient	NOUN
arjefm-81	191	159	and	and	CCONJ
arjefm-81	191	160	is	be	AUX
arjefm-81	191	161	the	the	DET
arjefm-81	191	162	error	error	NOUN
arjefm-81	191	163	term	term	NOUN
arjefm-81	191	164	which	which	PRON
arjefm-81	191	165	assumed	assume	VERB
arjefm-81	191	166	to	to	PART
arjefm-81	191	167	be	be	AUX
arjefm-81	191	168	independent	independent	ADJ
arjefm-81	191	169	idiosyncratic	idiosyncratic	ADJ
arjefm-81	191	170	disturbance	disturbance	NOUN
arjefm-81	191	171	.	.	PUNCT
arjefm-81	192	1	in	in	ADP
arjefm-81	192	2	series	series	NOUN
arjefm-81	192	3	is	be	AUX
arjefm-81	192	4	said	say	VERB
arjefm-81	192	5	to	to	PART
arjefm-81	192	6	contain	contain	VERB
arjefm-81	192	7	a	a	DET
arjefm-81	192	8	unit	unit	NOUN
arjefm-81	192	9	root	root	NOUN
arjefm-81	192	10	if	if	SCONJ
arjefm-81	192	11	|	|	ADV
arjefm-81	192	12	|	|	ADV
arjefm-81	192	13	=	=	SYM
arjefm-81	192	14	1	1	NUM
arjefm-81	193	1	and	and	CCONJ
arjefm-81	193	2	it	it	PRON
arjefm-81	193	3	is	be	AUX
arjefm-81	193	4	weakly	weakly	ADV
arjefm-81	193	5	stationary	stationary	ADJ
arjefm-81	193	6	if	if	SCONJ
arjefm-81	193	7	|	|	ADV
arjefm-81	193	8	|	|	ADV
arjefm-81	193	9	<	<	X
arjefm-81	193	10	1	1	NUM
arjefm-81	193	11	.	.	X
arjefm-81	193	12	2.2.2.1	2.2.2.1	NUM
arjefm-81	194	1	levin	levin	PROPN
arjefm-81	194	2	-	-	PUNCT
arjefm-81	194	3	lin	lin	PROPN
arjefm-81	194	4	-	-	PUNCT
arjefm-81	194	5	chu	chu	PROPN
arjefm-81	194	6	test	test	PROPN
arjefm-81	194	7	levin	levin	PROPN
arjefm-81	194	8	,	,	PUNCT
arjefm-81	194	9	lin	lin	PROPN
arjefm-81	194	10	and	and	CCONJ
arjefm-81	194	11	chu	chu	PROPN
arjefm-81	195	1	[	[	X
arjefm-81	195	2	24	24	NUM
arjefm-81	195	3	]	]	PUNCT
arjefm-81	195	4	suggest	suggest	VERB
arjefm-81	195	5	that	that	SCONJ
arjefm-81	195	6	each	each	DET
arjefm-81	195	7	time	time	NOUN
arjefm-81	195	8	series	series	PROPN
arjefm-81	195	9	contains	contain	VERB
arjefm-81	195	10	a	a	DET
arjefm-81	195	11	unit	unit	NOUN
arjefm-81	195	12	root	root	NOUN
arjefm-81	195	13	and	and	CCONJ
arjefm-81	195	14	the	the	DET
arjefm-81	195	15	lag	lag	NOUN
arjefm-81	195	16	of	of	ADP
arjefm-81	195	17	k	k	PROPN
arjefm-81	195	18	is	be	AUX
arjefm-81	195	19	allowed	allow	VERB
arjefm-81	195	20	to	to	PART
arjefm-81	195	21	vary	vary	VERB
arjefm-81	195	22	across	across	ADP
arjefm-81	195	23	individuals	individual	NOUN
arjefm-81	195	24	.	.	PUNCT
arjefm-81	196	1	levin	levin	PROPN
arjefm-81	196	2	et	et	PROPN
arjefm-81	196	3	al	al	PROPN
arjefm-81	196	4	.	.	PUNCT
arjefm-81	197	1	[	[	X
arjefm-81	197	2	17	17	NUM
arjefm-81	197	3	]	]	PUNCT
arjefm-81	197	4	showed	show	VERB
arjefm-81	197	5	that	that	SCONJ
arjefm-81	197	6	individual	individual	ADJ
arjefm-81	197	7	unit	unit	NOUN
arjefm-81	197	8	root	root	NOUN
arjefm-81	197	9	tests	test	NOUN
arjefm-81	197	10	have	have	VERB
arjefm-81	197	11	limited	limit	VERB
arjefm-81	197	12	power	power	NOUN
arjefm-81	197	13	against	against	ADP
arjefm-81	197	14	the	the	DET
arjefm-81	197	15	alternative	alternative	ADJ
arjefm-81	197	16	hypothesis	hypothesis	NOUN
arjefm-81	197	17	that	that	PRON
arjefm-81	197	18	has	have	VERB
arjefm-81	197	19	high	high	ADJ
arjefm-81	197	20	persistent	persistent	ADJ
arjefm-81	197	21	deviations	deviation	NOUN
arjefm-81	197	22	from	from	ADP
arjefm-81	197	23	equilibrium	equilibrium	NOUN
arjefm-81	197	24	.	.	PUNCT
arjefm-81	198	1	∆	∆	X
arjefm-81	199	1	=	=	PRON
arjefm-81	199	2	,	,	PUNCT
arjefm-81	200	1	+	+	CCONJ
arjefm-81	200	2	∑	∑	PART
arjefm-81	200	3	∅	∅	ADJ
arjefm-81	200	4	∆	∆	X
arjefm-81	200	5	(	(	PUNCT
arjefm-81	200	6	2	2	NUM
arjefm-81	200	7	)	)	PUNCT
arjefm-81	200	8	under	under	ADP
arjefm-81	200	9	:	:	PUNCT
arjefm-81	200	10	=	=	SYM
arjefm-81	200	11	0	0	PUNCT
arjefm-81	200	12	versus	versus	ADP
arjefm-81	200	13	:	:	PUNCT
arjefm-81	200	14	<	<	X
arjefm-81	200	15	1	1	NUM
arjefm-81	200	16	2.2.2.2	2.2.2.2	NUM
arjefm-81	200	17	i	i	PRON
arjefm-81	200	18	m	m	PROPN
arjefm-81	200	19	,	,	PUNCT
arjefm-81	200	20	pesaran	pesaran	NOUN
arjefm-81	200	21	and	and	CCONJ
arjefm-81	200	22	shin	shin	PROPN
arjefm-81	200	23	w	w	ADJ
arjefm-81	200	24	-	-	PUNCT
arjefm-81	200	25	stat	stat	NOUN
arjefm-81	200	26	test	test	NOUN
arjefm-81	200	27	in	in	ADP
arjefm-81	200	28	the	the	DET
arjefm-81	200	29	case	case	NOUN
arjefm-81	200	30	of	of	ADP
arjefm-81	200	31	i	i	PRON
arjefm-81	200	32	m	m	PROPN
arjefm-81	200	33	,	,	PUNCT
arjefm-81	200	34	pesaran	pesaran	NOUN
arjefm-81	200	35	and	and	CCONJ
arjefm-81	200	36	shin	shin	NOUN
arjefm-81	200	37	(	(	PUNCT
arjefm-81	200	38	ips	ips	PROPN
arjefm-81	200	39	)	)	PUNCT
arjefm-81	200	40	test	test	NOUN
arjefm-81	200	41	allows	allow	VERB
arjefm-81	200	42	for	for	ADP
arjefm-81	200	43	heterogeneous	heterogeneous	ADJ
arjefm-81	200	44	coefficients	coefficient	NOUN
arjefm-81	200	45	.	.	PUNCT
arjefm-81	201	1	the	the	DET
arjefm-81	201	2	test	test	NOUN
arjefm-81	201	3	assumes	assume	VERB
arjefm-81	201	4	that	that	SCONJ
arjefm-81	201	5	all	all	DET
arjefm-81	201	6	individuals	individual	NOUN
arjefm-81	201	7	cross	cross	ADJ
arjefm-81	201	8	-	-	ADJ
arjefm-81	201	9	sectional	sectional	ADJ
arjefm-81	201	10	have	have	VERB
arjefm-81	201	11	unit	unit	NOUN
arjefm-81	201	12	roots	root	NOUN
arjefm-81	201	13	.	.	PUNCT
arjefm-81	202	1	this	this	PRON
arjefm-81	202	2	can	can	AUX
arjefm-81	202	3	be	be	AUX
arjefm-81	202	4	represented	represent	VERB
arjefm-81	202	5	mathematically	mathematically	ADV
arjefm-81	202	6	as	as	SCONJ
arjefm-81	202	7	follows	follow	VERB
arjefm-81	202	8	:	:	PUNCT
arjefm-81	203	1	∆	∆	PROPN
arjefm-81	203	2	=	=	SYM
arjefm-81	203	3	,	,	PUNCT
arjefm-81	203	4	+	+	CCONJ
arjefm-81	203	5	∑	∑	PROPN
arjefm-81	203	6	∅∆	∅∆	X
arjefm-81	203	7	(	(	PUNCT
arjefm-81	203	8	3	3	NUM
arjefm-81	203	9	)	)	PUNCT
arjefm-81	203	10	:	:	PUNCT
arjefm-81	204	1	=	=	SYM
arjefm-81	204	2	0	0	NUM
arjefm-81	204	3	for	for	ADP
arjefm-81	204	4	all	all	DET
arjefm-81	204	5	individuals	individual	NOUN
arjefm-81	204	6	in	in	ADP
arjefm-81	204	7	the	the	DET
arjefm-81	204	8	panel	panel	NOUN
arjefm-81	204	9	however	however	ADV
arjefm-81	204	10	,	,	PUNCT
arjefm-81	204	11	the	the	DET
arjefm-81	204	12	test	test	NOUN
arjefm-81	204	13	assumes	assume	VERB
arjefm-81	204	14	that	that	SCONJ
arjefm-81	204	15	some	some	PRON
arjefm-81	204	16	of	of	ADP
arjefm-81	204	17	the	the	DET
arjefm-81	204	18	individuals	individual	NOUN
arjefm-81	204	19	cross	cross	ADJ
arjefm-81	204	20	-	-	ADJ
arjefm-81	204	21	sectional	sectional	ADJ
arjefm-81	204	22	have	have	VERB
arjefm-81	204	23	unit	unit	NOUN
arjefm-81	204	24	roots	root	NOUN
arjefm-81	204	25	.	.	PUNCT
arjefm-81	205	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	205	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	206	1	american	american	PROPN
arjefm-81	206	2	research	research	PROPN
arjefm-81	206	3	journal	journal	PROPN
arjefm-81	206	4	of	of	ADP
arjefm-81	206	5	economics	economic	NOUN
arjefm-81	206	6	,	,	PUNCT
arjefm-81	206	7	finance	finance	NOUN
arjefm-81	206	8	and	and	CCONJ
arjefm-81	206	9	management	management	NOUN
arjefm-81	206	10	volume	volume	NOUN
arjefm-81	206	11	11	11	NUM
arjefm-81	206	12	issue	issue	NOUN
arjefm-81	206	13	2	2	NUM
arjefm-81	206	14	,	,	PUNCT
arjefm-81	206	15	april	april	PROPN
arjefm-81	206	16	-	-	PUNCT
arjefm-81	206	17	june	june	PROPN
arjefm-81	206	18	2023	2023	NUM
arjefm-81	206	19	issn	issn	PROPN
arjefm-81	206	20	:	:	PUNCT
arjefm-81	206	21	2836	2836	NUM
arjefm-81	206	22	-	-	SYM
arjefm-81	206	23	9416	9416	NUM
arjefm-81	206	24	impact	impact	NOUN
arjefm-81	206	25	factor	factor	NOUN
arjefm-81	206	26	:	:	PUNCT
arjefm-81	206	27	5.57	5.57	NUM
arjefm-81	206	28	journal	journal	NOUN
arjefm-81	206	29	homepage	homepage	NOUN
arjefm-81	206	30	:	:	PUNCT
arjefm-81	206	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	206	32	,	,	PUNCT
arjefm-81	206	33	email	email	NOUN
arjefm-81	206	34	:	:	PUNCT
arjefm-81	207	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	207	2	official	official	ADJ
arjefm-81	207	3	journal	journal	PROPN
arjefm-81	207	4	of	of	ADP
arjefm-81	207	5	america	america	PROPN
arjefm-81	207	6	serial	serial	PROPN
arjefm-81	207	7	publication	publication	NOUN
arjefm-81	207	8	american	american	PROPN
arjefm-81	207	9	research	research	PROPN
arjefm-81	207	10	journal	journal	PROPN
arjefm-81	207	11	of	of	ADP
arjefm-81	207	12	economics	economic	NOUN
arjefm-81	207	13	,	,	PUNCT
arjefm-81	207	14	finance	finance	NOUN
arjefm-81	207	15	and	and	CCONJ
arjefm-81	207	16	management	management	NOUN
arjefm-81	207	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	207	18	,	,	PUNCT
arjefm-81	207	19	email	email	NOUN
arjefm-81	207	20	:	:	PUNCT
arjefm-81	207	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	208	1	47	47	NUM
arjefm-81	209	1	|	|	ADV
arjefm-81	209	2	p	p	X
arjefm-81	209	3	a	a	DET
arjefm-81	209	4	g	g	NOUN
arjefm-81	209	5	e	e	NOUN
arjefm-81	209	6	=	=	SYM
arjefm-81	209	7	1	1	NUM
arjefm-81	209	8	,	,	PUNCT
arjefm-81	209	9	2	2	NUM
arjefm-81	209	10	,	,	PUNCT
arjefm-81	209	11	…	…	PUNCT
arjefm-81	209	12	,	,	PUNCT
arjefm-81	209	13	:	:	PUNCT
arjefm-81	209	14	=	=	SYM
arjefm-81	209	15	,	,	PUNCT
arjefm-81	209	16	…	…	PUNCT
arjefm-81	209	17	,	,	PUNCT
arjefm-81	209	18	individual	individual	ADJ
arjefm-81	209	19	t	t	NOUN
arjefm-81	209	20	-	-	PUNCT
arjefm-81	209	21	statistic	statistic	NOUN
arjefm-81	209	22	(	(	PUNCT
arjefm-81	209	23	)	)	PUNCT
arjefm-81	209	24	is	be	AUX
arjefm-81	209	25	used	use	VERB
arjefm-81	209	26	to	to	PART
arjefm-81	209	27	test	test	VERB
arjefm-81	209	28	the	the	DET
arjefm-81	209	29	null	null	ADJ
arjefm-81	209	30	hypothesis	hypothesis	NOUN
arjefm-81	209	31	:	:	PUNCT
arjefm-81	209	32	=	=	SYM
arjefm-81	209	33	0	0	NUM
arjefm-81	209	34	∀	∀	NOUN
arjefm-81	209	35	,	,	PUNCT
arjefm-81	209	36	then	then	ADV
arjefm-81	209	37	t	t	PROPN
arjefm-81	209	38	-	-	PUNCT
arjefm-81	209	39	statistic	statistic	NOUN
arjefm-81	209	40	is	be	AUX
arjefm-81	209	41	obtained	obtain	VERB
arjefm-81	209	42	from	from	ADP
arjefm-81	209	43	the	the	DET
arjefm-81	209	44	average	average	ADJ
arjefm-81	209	45	individual	individual	ADJ
arjefm-81	209	46	unit	unit	NOUN
arjefm-81	209	47	root	root	NOUN
arjefm-81	209	48	test	test	NOUN
arjefm-81	209	49	.	.	PUNCT
arjefm-81	210	1	thus	thus	ADV
arjefm-81	210	2	,	,	PUNCT
arjefm-81	210	3	∼	∼	NOUN
arjefm-81	210	4	(	(	PUNCT
arjefm-81	210	5	0,1	0,1	NUM
arjefm-81	210	6	)	)	PUNCT
arjefm-81	210	7	.	.	PUNCT
arjefm-81	211	1	2.2.2.3	2.2.2.3	NUM
arjefm-81	211	2	adf	adf	PROPN
arjefm-81	211	3	-	-	PUNCT
arjefm-81	211	4	fisher	fisher	PROPN
arjefm-81	211	5	chi	chi	ADJ
arjefm-81	211	6	-	-	PUNCT
arjefm-81	211	7	square	square	ADJ
arjefm-81	211	8	test	test	NOUN
arjefm-81	211	9	adf	adf	PROPN
arjefm-81	211	10	-	-	PUNCT
arjefm-81	211	11	fisher	fisher	PROPN
arjefm-81	211	12	chi	chi	ADJ
arjefm-81	211	13	-	-	PUNCT
arjefm-81	211	14	square	square	NOUN
arjefm-81	211	15	test	test	NOUN
arjefm-81	211	16	is	be	AUX
arjefm-81	211	17	the	the	DET
arjefm-81	211	18	extension	extension	NOUN
arjefm-81	211	19	of	of	ADP
arjefm-81	211	20	fisher	fisher	PROPN
arjefm-81	212	1	[	[	X
arjefm-81	212	2	11	11	NUM
arjefm-81	212	3	]	]	PUNCT
arjefm-81	212	4	which	which	PRON
arjefm-81	212	5	was	be	AUX
arjefm-81	212	6	proposed	propose	VERB
arjefm-81	212	7	by	by	ADP
arjefm-81	212	8	maddala	maddala	NOUN
arjefm-81	212	9	and	and	CCONJ
arjefm-81	212	10	wu	wu	PROPN
arjefm-81	213	1	[	[	X
arjefm-81	213	2	18	18	NUM
arjefm-81	213	3	]	]	PUNCT
arjefm-81	213	4	to	to	PART
arjefm-81	213	5	test	test	NOUN
arjefm-81	213	6	panel	panel	NOUN
arjefm-81	213	7	unit	unit	NOUN
arjefm-81	213	8	root	root	NOUN
arjefm-81	213	9	.	.	PUNCT
arjefm-81	214	1	this	this	DET
arjefm-81	214	2	test	test	NOUN
arjefm-81	214	3	uses	use	VERB
arjefm-81	214	4	the	the	DET
arjefm-81	214	5	p	p	NOUN
arjefm-81	214	6	-	-	PUNCT
arjefm-81	214	7	values	value	NOUN
arjefm-81	214	8	of	of	ADP
arjefm-81	214	9	the	the	DET
arjefm-81	214	10	test	test	NOUN
arjefm-81	214	11	statistics	statistic	NOUN
arjefm-81	214	12	for	for	ADP
arjefm-81	214	13	each	each	DET
arjefm-81	214	14	residual	residual	ADJ
arjefm-81	214	15	crosssectional	crosssectional	PROPN
arjefm-81	214	16	component	component	NOUN
arjefm-81	214	17	i.	i.	PROPN
arjefm-81	214	18	the	the	DET
arjefm-81	214	19	test	test	NOUN
arjefm-81	214	20	is	be	AUX
arjefm-81	214	21	a	a	DET
arjefm-81	214	22	symptotically	symptotically	ADV
arjefm-81	214	23	chi	chi	ADJ
arjefm-81	214	24	-	-	PUNCT
arjefm-81	214	25	square	square	NOUN
arjefm-81	214	26	distributed	distribute	VERB
arjefm-81	214	27	with	with	ADP
arjefm-81	214	28	2n	2n	NUM
arjefm-81	214	29	degree	degree	NOUN
arjefm-81	214	30	of	of	ADP
arjefm-81	214	31	freedom	freedom	NOUN
arjefm-81	214	32	and	and	CCONJ
arjefm-81	214	33	where	where	SCONJ
arjefm-81	214	34	n	n	X
arjefm-81	214	35	is	be	AUX
arjefm-81	214	36	the	the	DET
arjefm-81	214	37	number	number	NOUN
arjefm-81	214	38	of	of	ADP
arjefm-81	214	39	cross	cross	NOUN
arjefm-81	214	40	sections	section	NOUN
arjefm-81	214	41	in	in	ADP
arjefm-81	214	42	the	the	DET
arjefm-81	214	43	panel	panel	NOUN
arjefm-81	214	44	.	.	PUNCT
arjefm-81	215	1	it	it	PRON
arjefm-81	215	2	is	be	AUX
arjefm-81	215	3	a	a	DET
arjefm-81	215	4	robust	robust	ADJ
arjefm-81	215	5	test	test	NOUN
arjefm-81	215	6	for	for	ADP
arjefm-81	215	7	unbalanced	unbalanced	ADJ
arjefm-81	215	8	panels	panel	NOUN
arjefm-81	215	9	.	.	PUNCT
arjefm-81	216	1	the	the	DET
arjefm-81	216	2	test	test	NOUN
arjefm-81	216	3	can	can	AUX
arjefm-81	216	4	be	be	AUX
arjefm-81	216	5	represented	represent	VERB
arjefm-81	216	6	in	in	ADP
arjefm-81	216	7	the	the	DET
arjefm-81	216	8	form	form	NOUN
arjefm-81	216	9	:	:	PUNCT
arjefm-81	216	10	n	n	PRON
arjefm-81	216	11	2	2	NUM
arjefm-81	216	12	loge	loge	PROPN
arjefm-81	216	13	pi	pi	NOUN
arjefm-81	216	14	(	(	PUNCT
arjefm-81	216	15	4	4	NUM
arjefm-81	216	16	)	)	PUNCT
arjefm-81	216	17	i	i	PRON
arjefm-81	216	18	1	1	NUM
arjefm-81	216	19	where	where	SCONJ
arjefm-81	216	20	is	be	AUX
arjefm-81	216	21	the	the	DET
arjefm-81	216	22	p	p	NOUN
arjefm-81	216	23	-	-	PUNCT
arjefm-81	216	24	value	value	NOUN
arjefm-81	216	25	of	of	ADP
arjefm-81	216	26	the	the	DET
arjefm-81	216	27	test	test	NOUN
arjefm-81	216	28	statistic	statistic	NOUN
arjefm-81	216	29	in	in	ADP
arjefm-81	216	30	unit	unit	NOUN
arjefm-81	216	31	i.	i.	PROPN
arjefm-81	216	32	2.2.2.4	2.2.2.4	NUM
arjefm-81	216	33	pp	pp	PROPN
arjefm-81	216	34	-	-	PUNCT
arjefm-81	216	35	fisher	fisher	NOUN
arjefm-81	216	36	chi	chi	ADJ
arjefm-81	216	37	-	-	PUNCT
arjefm-81	216	38	square	square	ADJ
arjefm-81	216	39	test	test	NOUN
arjefm-81	216	40	choi	choi	NOUN
arjefm-81	216	41	[	[	X
arjefm-81	216	42	7	7	NUM
arjefm-81	216	43	]	]	PUNCT
arjefm-81	216	44	proposes	propose	VERB
arjefm-81	216	45	two	two	NUM
arjefm-81	216	46	test	test	NOUN
arjefm-81	216	47	statistics	statistic	NOUN
arjefm-81	216	48	to	to	PART
arjefm-81	216	49	test	test	VERB
arjefm-81	216	50	for	for	ADP
arjefm-81	216	51	unit	unit	NOUN
arjefm-81	216	52	roots	root	NOUN
arjefm-81	216	53	in	in	ADP
arjefm-81	216	54	the	the	DET
arjefm-81	216	55	panel	panel	NOUN
arjefm-81	216	56	data	datum	NOUN
arjefm-81	216	57	.	.	PUNCT
arjefm-81	217	1	the	the	DET
arjefm-81	217	2	tests	test	NOUN
arjefm-81	217	3	are	be	AUX
arjefm-81	217	4	inverse	inverse	ADJ
arjefm-81	217	5	normal	normal	ADJ
arjefm-81	217	6	test	test	NOUN
arjefm-81	217	7	and	and	CCONJ
arjefm-81	217	8	logit	logit	PROPN
arjefm-81	217	9	test	test	NOUN
arjefm-81	217	10	.	.	PUNCT
arjefm-81	218	1	the	the	DET
arjefm-81	218	2	inverse	inverse	ADJ
arjefm-81	218	3	normal	normal	ADJ
arjefm-81	218	4	test	test	NOUN
arjefm-81	218	5	is	be	AUX
arjefm-81	218	6	represented	represent	VERB
arjefm-81	218	7	as	as	SCONJ
arjefm-81	218	8	follows	follow	VERB
arjefm-81	218	9	:	:	PUNCT
arjefm-81	218	10	(	(	PUNCT
arjefm-81	218	11	5	5	X
arjefm-81	218	12	)	)	PUNCT
arjefm-81	218	13	where	where	SCONJ
arjefm-81	218	14	is	be	AUX
arjefm-81	218	15	the	the	DET
arjefm-81	218	16	standard	standard	ADJ
arjefm-81	218	17	normal	normal	ADJ
arjefm-81	218	18	cumulative	cumulative	ADJ
arjefm-81	218	19	distribution	distribution	NOUN
arjefm-81	218	20	function	function	NOUN
arjefm-81	218	21	and	and	CCONJ
arjefm-81	218	22	=	=	SYM
arjefm-81	219	1	[	[	X
arjefm-81	219	2	0,1	0,1	NUM
arjefm-81	219	3	]	]	PUNCT
arjefm-81	219	4	,	,	PUNCT
arjefm-81	219	5	φ	φ	PROPN
arjefm-81	219	6	(	(	PUNCT
arjefm-81	219	7	)	)	PUNCT
arjefm-81	219	8	has	have	VERB
arjefm-81	219	9	a	a	DET
arjefm-81	219	10	standard	standard	ADJ
arjefm-81	219	11	normal	normal	ADJ
arjefm-81	219	12	distribution	distribution	NOUN
arjefm-81	219	13	as	as	ADP
arjefm-81	219	14	the	the	DET
arjefm-81	219	15	time	time	NOUN
arjefm-81	219	16	series	series	PROPN
arjefm-81	219	17	observations	observation	NOUN
arjefm-81	219	18	for	for	ADP
arjefm-81	219	19	the	the	DET
arjefm-81	219	20	ith	ith	PROPN
arjefm-81	219	21	group	group	NOUN
arjefm-81	219	22	(	(	PUNCT
arjefm-81	219	23	)	)	PUNCT
arjefm-81	219	24	tends	tend	VERB
arjefm-81	219	25	to	to	PART
arjefm-81	219	26	infinity	infinity	VERB
arjefm-81	219	27	,	,	PUNCT
arjefm-81	219	28	therefore	therefore	ADV
arjefm-81	219	29	,	,	PUNCT
arjefm-81	219	30	z	z	NOUN
arjefm-81	219	31	also	also	ADV
arjefm-81	219	32	approaches	approach	VERB
arjefm-81	219	33	standard	standard	ADJ
arjefm-81	219	34	normal	normal	ADJ
arjefm-81	219	35	with	with	ADP
arjefm-81	219	36	mean	mean	PROPN
arjefm-81	219	37	0	0	NUM
arjefm-81	219	38	and	and	CCONJ
arjefm-81	219	39	variance	variance	NOUN
arjefm-81	219	40	1	1	NUM
arjefm-81	219	41	.	.	PUNCT
arjefm-81	220	1	the	the	DET
arjefm-81	220	2	logit	logit	PROPN
arjefm-81	220	3	test	test	NOUN
arjefm-81	220	4	is	be	AUX
arjefm-81	220	5	of	of	ADP
arjefm-81	220	6	the	the	DET
arjefm-81	220	7	form	form	NOUN
arjefm-81	220	8	:	:	PUNCT
arjefm-81	220	9	(	(	PUNCT
arjefm-81	220	10	6	6	NUM
arjefm-81	220	11	)	)	PUNCT
arjefm-81	220	12	where	where	SCONJ
arjefm-81	220	13	ln	ln	NOUN
arjefm-81	220	14	has	have	VERB
arjefm-81	220	15	a	a	DET
arjefm-81	220	16	logistic	logistic	ADJ
arjefm-81	220	17	distribution	distribution	NOUN
arjefm-81	220	18	with	with	ADP
arjefm-81	220	19	mean	mean	NOUN
arjefm-81	220	20	zero	zero	NUM
arjefm-81	220	21	(	(	PUNCT
arjefm-81	220	22	0	0	NUM
arjefm-81	220	23	)	)	PUNCT
arjefm-81	220	24	and	and	CCONJ
arjefm-81	220	25	variance	variance	NOUN
arjefm-81	220	26	.	.	PUNCT
arjefm-81	221	1	when	when	SCONJ
arjefm-81	221	2	⟶∞	⟶∞	NOUN
arjefm-81	221	3	∀	∀	X
arjefm-81	221	4	,	,	PUNCT
arjefm-81	221	5	√	√	ADP
arjefm-81	221	6	~	~	PUNCT
arjefm-81	221	7	and	and	CCONJ
arjefm-81	221	8	4.2.3	4.2.3	NUM
arjefm-81	221	9	co	co	NOUN
arjefm-81	221	10	-	-	NOUN
arjefm-81	221	11	integration	integration	NOUN
arjefm-81	221	12	test	test	NOUN
arjefm-81	221	13	to	to	PART
arjefm-81	221	14	test	test	VERB
arjefm-81	221	15	for	for	ADP
arjefm-81	221	16	the	the	DET
arjefm-81	221	17	existence	existence	NOUN
arjefm-81	221	18	of	of	ADP
arjefm-81	221	19	long	long	ADJ
arjefm-81	221	20	-	-	PUNCT
arjefm-81	221	21	run	run	NOUN
arjefm-81	221	22	relationship	relationship	NOUN
arjefm-81	221	23	among	among	ADP
arjefm-81	221	24	the	the	DET
arjefm-81	221	25	variable	variable	NOUN
arjefm-81	221	26	in	in	ADP
arjefm-81	221	27	the	the	DET
arjefm-81	221	28	panel	panel	NOUN
arjefm-81	221	29	,	,	PUNCT
arjefm-81	221	30	residual	residual	ADJ
arjefm-81	221	31	-	-	PUNCT
arjefm-81	221	32	based	base	VERB
arjefm-81	221	33	cointegration	cointegration	NOUN
arjefm-81	221	34	tests	test	NOUN
arjefm-81	221	35	were	be	AUX
arjefm-81	221	36	used	use	VERB
arjefm-81	221	37	in	in	ADP
arjefm-81	221	38	this	this	DET
arjefm-81	221	39	paper	paper	NOUN
arjefm-81	221	40	.	.	PUNCT
arjefm-81	222	1	these	these	DET
arjefm-81	222	2	tests	test	NOUN
arjefm-81	222	3	are	be	AUX
arjefm-81	222	4	kao	kao	PROPN
arjefm-81	222	5	residual	residual	ADJ
arjefm-81	222	6	co	co	NOUN
arjefm-81	222	7	-	-	NOUN
arjefm-81	222	8	integration	integration	NOUN
arjefm-81	222	9	test	test	NOUN
arjefm-81	222	10	and	and	CCONJ
arjefm-81	222	11	pedroni	pedroni	VERB
arjefm-81	222	12	residual	residual	ADJ
arjefm-81	222	13	cointegration	cointegration	NOUN
arjefm-81	222	14	test	test	NOUN
arjefm-81	222	15	.	.	PUNCT
arjefm-81	223	1	4.2.3.1	4.2.3.1	NUM
arjefm-81	223	2	kao	kao	PROPN
arjefm-81	223	3	residual	residual	ADJ
arjefm-81	223	4	co	co	NOUN
arjefm-81	223	5	-	-	NOUN
arjefm-81	223	6	integration	integration	NOUN
arjefm-81	223	7	test	test	NOUN
arjefm-81	223	8	kao	kao	PROPN
arjefm-81	224	1	[	[	X
arjefm-81	224	2	16	16	NUM
arjefm-81	224	3	]	]	PUNCT
arjefm-81	224	4	proposed	propose	VERB
arjefm-81	224	5	df	df	PROPN
arjefm-81	224	6	and	and	CCONJ
arjefm-81	224	7	adf	adf	NOUN
arjefm-81	224	8	types	type	NOUN
arjefm-81	224	9	tests	test	VERB
arjefm-81	224	10	for	for	ADP
arjefm-81	224	11	testing	test	VERB
arjefm-81	224	12	co	co	NOUN
arjefm-81	224	13	-	-	NOUN
arjefm-81	224	14	integration	integration	NOUN
arjefm-81	224	15	in	in	ADP
arjefm-81	224	16	panel	panel	NOUN
arjefm-81	224	17	data	datum	NOUN
arjefm-81	224	18	.	.	PUNCT
arjefm-81	225	1	from	from	ADP
arjefm-81	225	2	the	the	DET
arjefm-81	225	3	panel	panel	NOUN
arjefm-81	225	4	regression	regression	NOUN
arjefm-81	225	5	model	model	NOUN
arjefm-81	225	6	:	:	PUNCT
arjefm-81	225	7	,	,	PUNCT
arjefm-81	225	8	=	=	PUNCT
arjefm-81	225	9	∝	∝	X
arjefm-81	225	10	+	+	CCONJ
arjefm-81	225	11	,	,	PUNCT
arjefm-81	225	12	,	,	PUNCT
arjefm-81	225	13	,	,	PUNCT
arjefm-81	225	14	i=	i=	PROPN
arjefm-81	225	15	1	1	NUM
arjefm-81	225	16	,	,	PUNCT
arjefm-81	225	17	2	2	NUM
arjefm-81	225	18	,	,	PUNCT
arjefm-81	225	19	.	.	PUNCT
arjefm-81	225	20	.	.	PUNCT
arjefm-81	226	1	.	.	PUNCT
arjefm-81	227	1	,	,	PUNCT
arjefm-81	227	2	n	n	PROPN
arjefm-81	227	3	;	;	PUNCT
arjefm-81	227	4	t=	t=	NOUN
arjefm-81	227	5	1	1	NUM
arjefm-81	227	6	,	,	PUNCT
arjefm-81	227	7	2	2	NUM
arjefm-81	227	8	,	,	PUNCT
arjefm-81	227	9	.	.	PUNCT
arjefm-81	227	10	.	.	PUNCT
arjefm-81	228	1	.	.	PUNCT
arjefm-81	229	1	,	,	PUNCT
arjefm-81	229	2	t	t	PROPN
arjefm-81	229	3	(	(	PUNCT
arjefm-81	229	4	7	7	NUM
arjefm-81	229	5	)	)	PUNCT
arjefm-81	229	6	~	~	PUNCT
arjefm-81	229	7	(	(	PUNCT
arjefm-81	229	8	0	0	NUM
arjefm-81	229	9	,	,	PUNCT
arjefm-81	229	10	)	)	PUNCT
arjefm-81	229	11	where	where	SCONJ
arjefm-81	229	12	and	and	CCONJ
arjefm-81	229	13	are	be	AUX
arjefm-81	229	14	integrated	integrate	VERB
arjefm-81	229	15	at	at	ADP
arjefm-81	229	16	order	order	NOUN
arjefm-81	229	17	1	1	NUM
arjefm-81	229	18	and	and	CCONJ
arjefm-81	229	19	non	non	ADJ
arjefm-81	229	20	-	-	ADJ
arjefm-81	229	21	cointegrated	cointegrated	ADJ
arjefm-81	229	22	.	.	PUNCT
arjefm-81	230	1	the	the	DET
arjefm-81	230	2	residual	residual	ADJ
arjefm-81	230	3	based	base	VERB
arjefm-81	230	4	cointegration	cointegration	NOUN
arjefm-81	230	5	,	,	PUNCT
arjefm-81	230	6	=	=	PRON
arjefm-81	230	7	,	,	PUNCT
arjefm-81	230	8	+	+	CCONJ
arjefm-81	230	9	,	,	PUNCT
arjefm-81	230	10	where	where	SCONJ
arjefm-81	230	11	is	be	AUX
arjefm-81	230	12	estimated	estimate	VERB
arjefm-81	230	13	as	as	ADP
arjefm-81	230	14	to	to	PART
arjefm-81	230	15	test	test	VERB
arjefm-81	230	16	the	the	DET
arjefm-81	230	17	null	null	ADJ
arjefm-81	230	18	hypothesis	hypothesis	NOUN
arjefm-81	230	19	of	of	ADP
arjefm-81	230	20	no	no	DET
arjefm-81	230	21	cointegration	cointegration	NOUN
arjefm-81	230	22	,	,	PUNCT
arjefm-81	230	23	then	then	ADV
arjefm-81	230	24	,	,	PUNCT
arjefm-81	230	25	the	the	DET
arjefm-81	230	26	t	t	NOUN
arjefm-81	230	27	-	-	PUNCT
arjefm-81	230	28	statistic	statistic	NOUN
arjefm-81	230	29	is	be	AUX
arjefm-81	230	30	:	:	PUNCT
arjefm-81	230	31	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	230	32	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	231	1	american	american	PROPN
arjefm-81	231	2	research	research	PROPN
arjefm-81	231	3	journal	journal	PROPN
arjefm-81	231	4	of	of	ADP
arjefm-81	231	5	economics	economic	NOUN
arjefm-81	231	6	,	,	PUNCT
arjefm-81	231	7	finance	finance	NOUN
arjefm-81	231	8	and	and	CCONJ
arjefm-81	231	9	management	management	NOUN
arjefm-81	231	10	volume	volume	NOUN
arjefm-81	231	11	11	11	NUM
arjefm-81	231	12	issue	issue	NOUN
arjefm-81	231	13	2	2	NUM
arjefm-81	231	14	,	,	PUNCT
arjefm-81	231	15	april	april	PROPN
arjefm-81	231	16	-	-	PUNCT
arjefm-81	231	17	june	june	PROPN
arjefm-81	231	18	2023	2023	NUM
arjefm-81	231	19	issn	issn	PROPN
arjefm-81	231	20	:	:	PUNCT
arjefm-81	231	21	2836	2836	NUM
arjefm-81	231	22	-	-	SYM
arjefm-81	231	23	9416	9416	NUM
arjefm-81	231	24	impact	impact	NOUN
arjefm-81	231	25	factor	factor	NOUN
arjefm-81	231	26	:	:	PUNCT
arjefm-81	231	27	5.57	5.57	NUM
arjefm-81	231	28	journal	journal	NOUN
arjefm-81	231	29	homepage	homepage	NOUN
arjefm-81	231	30	:	:	PUNCT
arjefm-81	231	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	231	32	,	,	PUNCT
arjefm-81	231	33	email	email	NOUN
arjefm-81	231	34	:	:	PUNCT
arjefm-81	232	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	232	2	official	official	ADJ
arjefm-81	232	3	journal	journal	PROPN
arjefm-81	232	4	of	of	ADP
arjefm-81	232	5	america	america	PROPN
arjefm-81	232	6	serial	serial	PROPN
arjefm-81	232	7	publication	publication	NOUN
arjefm-81	232	8	american	american	PROPN
arjefm-81	232	9	research	research	PROPN
arjefm-81	232	10	journal	journal	PROPN
arjefm-81	232	11	of	of	ADP
arjefm-81	232	12	economics	economic	NOUN
arjefm-81	232	13	,	,	PUNCT
arjefm-81	232	14	finance	finance	NOUN
arjefm-81	232	15	and	and	CCONJ
arjefm-81	232	16	management	management	NOUN
arjefm-81	232	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	232	18	,	,	PUNCT
arjefm-81	232	19	email	email	NOUN
arjefm-81	232	20	:	:	PUNCT
arjefm-81	232	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	233	1	48	48	NUM
arjefm-81	234	1	|	|	ADV
arjefm-81	234	2	p	p	NOUN
arjefm-81	234	3	a	a	DET
arjefm-81	234	4	g	g	NOUN
arjefm-81	234	5	e	e	PROPN
arjefm-81	234	6	4.2.3.2	4.2.3.2	NUM
arjefm-81	234	7	pedroni	pedroni	PROPN
arjefm-81	234	8	residual	residual	ADJ
arjefm-81	234	9	co	co	NOUN
arjefm-81	234	10	-	-	NOUN
arjefm-81	234	11	integration	integration	NOUN
arjefm-81	234	12	test	test	NOUN
arjefm-81	234	13	pedroni	pedroni	NOUN
arjefm-81	234	14	[	[	X
arjefm-81	234	15	26	26	NUM
arjefm-81	234	16	]	]	PUNCT
arjefm-81	234	17	proposed	propose	VERB
arjefm-81	234	18	some	some	DET
arjefm-81	234	19	tests	test	NOUN
arjefm-81	234	20	for	for	ADP
arjefm-81	234	21	the	the	DET
arjefm-81	234	22	testing	testing	NOUN
arjefm-81	234	23	null	null	ADJ
arjefm-81	234	24	hypothesis	hypothesis	NOUN
arjefm-81	234	25	of	of	ADP
arjefm-81	234	26	co	co	NOUN
arjefm-81	234	27	integration	integration	NOUN
arjefm-81	234	28	in	in	ADP
arjefm-81	234	29	panel	panel	NOUN
arjefm-81	234	30	data	datum	NOUN
arjefm-81	234	31	.	.	PUNCT
arjefm-81	235	1	the	the	DET
arjefm-81	235	2	test	test	NOUN
arjefm-81	235	3	allows	allow	VERB
arjefm-81	235	4	for	for	ADP
arjefm-81	235	5	heterogeneity	heterogeneity	NOUN
arjefm-81	235	6	across	across	ADP
arjefm-81	235	7	units	unit	NOUN
arjefm-81	235	8	of	of	ADP
arjefm-81	235	9	a	a	DET
arjefm-81	235	10	panel	panel	NOUN
arjefm-81	235	11	.	.	PUNCT
arjefm-81	236	1	considering	consider	VERB
arjefm-81	236	2	this	this	DET
arjefm-81	236	3	model	model	NOUN
arjefm-81	236	4	:	:	PUNCT
arjefm-81	236	5	,	,	PUNCT
arjefm-81	236	6	=	=	PUNCT
arjefm-81	236	7	∝	∝	X
arjefm-81	236	8	+	+	X
arjefm-81	236	9	,	,	PUNCT
arjefm-81	236	10	+	+	CCONJ
arjefm-81	236	11	+	+	CCONJ
arjefm-81	236	12	,	,	PUNCT
arjefm-81	236	13	(	(	PUNCT
arjefm-81	236	14	8)	8)	NUM
arjefm-81	236	15	where	where	SCONJ
arjefm-81	236	16	,	,	PUNCT
arjefm-81	236	17	and	and	CCONJ
arjefm-81	236	18	,	,	PUNCT
arjefm-81	236	19	are	be	AUX
arjefm-81	236	20	i(1	i(1	NOUN
arjefm-81	236	21	)	)	PUNCT
arjefm-81	236	22	,	,	PUNCT
arjefm-81	236	23	,	,	PUNCT
arjefm-81	236	24	and	and	CCONJ
arjefm-81	236	25	are	be	AUX
arjefm-81	236	26	slope	slope	NOUN
arjefm-81	236	27	coefficients	coefficient	NOUN
arjefm-81	236	28	,	,	PUNCT
arjefm-81	236	29	specific	specific	ADJ
arjefm-81	236	30	fixed	fix	VERB
arjefm-81	236	31	effect	effect	NOUN
arjefm-81	236	32	and	and	CCONJ
arjefm-81	236	33	deterministic	deterministic	ADJ
arjefm-81	236	34	trends	trend	NOUN
arjefm-81	236	35	respectively	respectively	ADV
arjefm-81	236	36	.	.	PUNCT
arjefm-81	237	1	the	the	DET
arjefm-81	237	2	slope	slope	NOUN
arjefm-81	237	3	coefficients	coefficient	NOUN
arjefm-81	237	4	vary	vary	VERB
arjefm-81	237	5	by	by	ADP
arjefm-81	237	6	individual	individual	ADJ
arjefm-81	237	7	cross	cross	ADJ
arjefm-81	237	8	-	-	ADJ
arjefm-81	237	9	sectional	sectional	ADJ
arjefm-81	237	10	,	,	PUNCT
arjefm-81	237	11	thus	thus	ADV
arjefm-81	237	12	cointegrating	cointegrate	VERB
arjefm-81	237	13	vectors	vector	NOUN
arjefm-81	237	14	are	be	AUX
arjefm-81	237	15	heterogeneous	heterogeneous	ADJ
arjefm-81	237	16	across	across	ADP
arjefm-81	237	17	units	unit	NOUN
arjefm-81	237	18	of	of	ADP
arjefm-81	237	19	the	the	DET
arjefm-81	237	20	panel	panel	NOUN
arjefm-81	237	21	.	.	PUNCT
arjefm-81	238	1	from	from	ADP
arjefm-81	238	2	equation	equation	NOUN
arjefm-81	238	3	(	(	PUNCT
arjefm-81	238	4	8)	8)	NUM
arjefm-81	238	5	,	,	PUNCT
arjefm-81	238	6	̂	̂	PUNCT
arjefm-81	238	7	,	,	PUNCT
arjefm-81	238	8	=	=	PUNCT
arjefm-81	238	9	̂	̂	PUNCT
arjefm-81	238	10	,	,	PUNCT
arjefm-81	238	11	+	+	CCONJ
arjefm-81	238	12	,	,	PUNCT
arjefm-81	238	13	̂	̂	X
arjefm-81	238	14	,	,	PUNCT
arjefm-81	238	15	=	=	PUNCT
arjefm-81	238	16	̂	̂	PUNCT
arjefm-81	238	17	,	,	PUNCT
arjefm-81	238	18	+	+	CCONJ
arjefm-81	238	19	,	,	PUNCT
arjefm-81	238	20	∆	∆	PROPN
arjefm-81	238	21	̂	̂	PUNCT
arjefm-81	238	22	,	,	PUNCT
arjefm-81	238	23	+	+	CCONJ
arjefm-81	238	24	,	,	PUNCT
arjefm-81	238	25	under	under	ADP
arjefm-81	238	26	the	the	DET
arjefm-81	238	27	null	null	ADJ
arjefm-81	238	28	hypothesis	hypothesis	NOUN
arjefm-81	238	29	:	:	PUNCT
arjefm-81	238	30	=	=	SYM
arjefm-81	238	31	1	1	X
arjefm-81	238	32	against	against	ADP
arjefm-81	238	33	:	:	PUNCT
arjefm-81	238	34	<	<	X
arjefm-81	238	35	1	1	X
arjefm-81	238	36	.	.	X
arjefm-81	238	37	pedroni	pedroni	NOUN
arjefm-81	238	38	has	have	VERB
arjefm-81	238	39	five	five	NUM
arjefm-81	238	40	-	-	PUNCT
arjefm-81	238	41	panel	panel	NOUN
arjefm-81	238	42	statistics	statistic	NOUN
arjefm-81	238	43	:	:	PUNCT
arjefm-81	238	44	panel	panel	NOUN
arjefm-81	238	45	variance	variance	NOUN
arjefm-81	238	46	ratio	ratio	NOUN
arjefm-81	238	47	statistics	statistic	NOUN
arjefm-81	238	48	,	,	PUNCT
arjefm-81	238	49	panel	panel	NOUN
arjefm-81	238	50	rho	rho	NOUN
arjefm-81	238	51	-	-	NOUN
arjefm-81	238	52	statistic	statistic	ADJ
arjefm-81	238	53	,	,	PUNCT
arjefm-81	238	54	panel	panel	NOUN
arjefm-81	238	55	pp	pp	PROPN
arjefm-81	238	56	-	-	PUNCT
arjefm-81	238	57	statistics	statistic	NOUN
arjefm-81	238	58	,	,	PUNCT
arjefm-81	238	59	group	group	NOUN
arjefm-81	238	60	rhostatistic	rhostatistic	NOUN
arjefm-81	238	61	and	and	CCONJ
arjefm-81	238	62	group	group	NOUN
arjefm-81	238	63	pp	pp	NOUN
arjefm-81	238	64	-	-	PUNCT
arjefm-81	238	65	statistic	statistic	NOUN
arjefm-81	238	66	.	.	PUNCT
arjefm-81	239	1	the	the	DET
arjefm-81	239	2	panel	panel	NOUN
arjefm-81	239	3	statistics	statistic	NOUN
arjefm-81	239	4	obtained	obtain	VERB
arjefm-81	239	5	by	by	ADP
arjefm-81	239	6	pooling	pool	VERB
arjefm-81	239	7	the	the	DET
arjefm-81	239	8	data	datum	NOUN
arjefm-81	239	9	across	across	ADP
arjefm-81	239	10	the	the	DET
arjefm-81	239	11	within	within	ADJ
arjefm-81	239	12	group	group	NOUN
arjefm-81	239	13	of	of	ADP
arjefm-81	239	14	the	the	DET
arjefm-81	239	15	panel	panel	NOUN
arjefm-81	239	16	while	while	SCONJ
arjefm-81	239	17	group	group	NOUN
arjefm-81	239	18	statistics	statistic	NOUN
arjefm-81	239	19	derived	derive	VERB
arjefm-81	239	20	by	by	ADP
arjefm-81	239	21	pooling	pool	VERB
arjefm-81	239	22	the	the	DET
arjefm-81	239	23	data	datum	NOUN
arjefm-81	239	24	along	along	ADP
arjefm-81	239	25	the	the	PRON
arjefm-81	239	26	between	between	ADP
arjefm-81	239	27	group	group	NOUN
arjefm-81	239	28	of	of	ADP
arjefm-81	239	29	the	the	DET
arjefm-81	239	30	panel	panel	NOUN
arjefm-81	239	31	.	.	PUNCT
arjefm-81	240	1	the	the	DET
arjefm-81	240	2	followings	following	NOUN
arjefm-81	240	3	are	be	AUX
arjefm-81	240	4	the	the	DET
arjefm-81	240	5	statistics	statistic	NOUN
arjefm-81	240	6	for	for	ADP
arjefm-81	240	7	each	each	PRON
arjefm-81	240	8	of	of	ADP
arjefm-81	240	9	the	the	DET
arjefm-81	240	10	pedroni	pedroni	NOUN
arjefm-81	240	11	residual	residual	ADJ
arjefm-81	240	12	co	co	NOUN
arjefm-81	240	13	-	-	NOUN
arjefm-81	240	14	integration	integration	NOUN
arjefm-81	240	15	test	test	NOUN
arjefm-81	240	16	statistics	statistic	NOUN
arjefm-81	240	17	.	.	PUNCT
arjefm-81	241	1	i.	i.	PROPN
arjefm-81	241	2	panel	panel	PROPN
arjefm-81	241	3	variance	variance	PROPN
arjefm-81	241	4	ratio	ratio	NOUN
arjefm-81	241	5	statistic	statistic	PROPN
arjefm-81	241	6	=	=	SYM
arjefm-81	241	7	,	,	PUNCT
arjefm-81	241	8	ii	ii	PROPN
arjefm-81	241	9	.	.	PROPN
arjefm-81	242	1	panel	panel	PROPN
arjefm-81	242	2	rho	rho	ADJ
arjefm-81	242	3	-	-	NOUN
arjefm-81	242	4	statistic	statistic	NOUN
arjefm-81	242	5	=	=	SYM
arjefm-81	242	6	,	,	PUNCT
arjefm-81	242	7	∆	∆	X
arjefm-81	242	8	̂	̂	NUM
arjefm-81	242	9	,	,	PUNCT
arjefm-81	242	10	̂	̂	PROPN
arjefm-81	242	11	,	,	PUNCT
arjefm-81	242	12	−	−	PROPN
arjefm-81	242	13	iii	iii	PROPN
arjefm-81	242	14	.	.	PUNCT
arjefm-81	242	15	panel	panel	NOUN
arjefm-81	242	16	pp	pp	NOUN
arjefm-81	242	17	-	-	PUNCT
arjefm-81	242	18	statistic	statistic	NOUN
arjefm-81	242	19	=	=	SYM
arjefm-81	242	20	,	,	PUNCT
arjefm-81	242	21	∆	∆	X
arjefm-81	242	22	̂	̂	NUM
arjefm-81	242	23	,	,	PUNCT
arjefm-81	242	24	̂	̂	PUNCT
arjefm-81	242	25	,	,	PUNCT
arjefm-81	242	26	−	−	PROPN
arjefm-81	242	27	iv	iv	NUM
arjefm-81	242	28	.	.	PUNCT
arjefm-81	242	29	group	group	PROPN
arjefm-81	242	30	rho	rho	ADJ
arjefm-81	242	31	-	-	PUNCT
arjefm-81	242	32	statistic	statistic	ADJ
arjefm-81	242	33	̃	̃	NOUN
arjefm-81	242	34	=	=	SYM
arjefm-81	242	35	(	(	PUNCT
arjefm-81	242	36	,	,	PUNCT
arjefm-81	242	37	(	(	PUNCT
arjefm-81	242	38	∆	∆	X
arjefm-81	242	39	̂	̂	NUM
arjefm-81	242	40	,	,	PUNCT
arjefm-81	242	41	̂	̂	PROPN
arjefm-81	242	42	,	,	PUNCT
arjefm-81	242	43	−	−	PROPN
arjefm-81	242	44	v.	v.	ADP
arjefm-81	242	45	group	group	PROPN
arjefm-81	242	46	pp	pp	NOUN
arjefm-81	242	47	-	-	PUNCT
arjefm-81	242	48	statistic	statistic	NOUN
arjefm-81	242	49	/	/	SYM
arjefm-81	242	50	vi	vi	NOUN
arjefm-81	242	51	.	.	PUNCT
arjefm-81	243	1	=	=	PUNCT
arjefm-81	243	2	∑	∑	PUNCT
arjefm-81	243	3	(	(	PUNCT
arjefm-81	243	4	∑	∑	INTJ
arjefm-81	243	5	,	,	PUNCT
arjefm-81	243	6	)	)	PUNCT
arjefm-81	243	7	∑	∑	PUNCT
arjefm-81	243	8	(	(	PUNCT
arjefm-81	243	9	∆	∆	X
arjefm-81	243	10	̂	̂	NUM
arjefm-81	243	11	,	,	PUNCT
arjefm-81	243	12	̂	̂	PROPN
arjefm-81	243	13	,	,	PUNCT
arjefm-81	243	14	−	−	PROPN
arjefm-81	243	15	where	where	SCONJ
arjefm-81	243	16	=	=	PUNCT
arjefm-81	243	17	∑	∑	INTJ
arjefm-81	243	18	,	,	PUNCT
arjefm-81	243	19	for	for	ADP
arjefm-81	243	20	some	some	DET
arjefm-81	243	21	lags	lag	NOUN
arjefm-81	243	22	,	,	PUNCT
arjefm-81	243	23	=	=	NOUN
arjefm-81	243	24	∑	∑	PROPN
arjefm-81	243	25	,	,	PUNCT
arjefm-81	243	26	=	=	PRON
arjefm-81	243	27	∑	∑	PUNCT
arjefm-81	243	28	,	,	PUNCT
arjefm-81	243	29	=	=	SYM
arjefm-81	243	30	ω	ω	NUM
arjefm-81	243	31	−ω	−ω	PROPN
arjefm-81	243	32	ω	ω	PROPN
arjefm-81	243	33	ω	ω	PROPN
arjefm-81	243	34	,	,	PUNCT
arjefm-81	243	35	is	be	AUX
arjefm-81	243	36	a	a	DET
arjefm-81	243	37	consistent	consistent	ADJ
arjefm-81	243	38	estimate	estimate	NOUN
arjefm-81	243	39	of	of	ADP
arjefm-81	243	40	and	and	CCONJ
arjefm-81	243	41	is	be	AUX
arjefm-81	243	42	the	the	DET
arjefm-81	243	43	estimator	estimator	NOUN
arjefm-81	243	44	of	of	ADP
arjefm-81	243	45	contemporaneous	contemporaneous	ADJ
arjefm-81	243	46	covariance	covariance	NOUN
arjefm-81	243	47	of	of	ADP
arjefm-81	243	48	=	=	SYM
arjefm-81	243	49	δ	δ	PROPN
arjefm-81	243	50	,	,	PUNCT
arjefm-81	243	51	,	,	PUNCT
arjefm-81	243	52	δ	δ	PROPN
arjefm-81	243	53	=	=	PRON
arjefm-81	243	54	(	(	PUNCT
arjefm-81	243	55	−	−	PROPN
arjefm-81	243	56	1	1	NUM
arjefm-81	243	57	)	)	PUNCT
arjefm-81	243	58	∑	∑	ADP
arjefm-81	243	59	∑	∑	INTJ
arjefm-81	243	60	,	,	PUNCT
arjefm-81	243	61	∑	∑	ADP
arjefm-81	243	62	∑	∑	PUNCT
arjefm-81	243	63	(	(	PUNCT
arjefm-81	243	64	,	,	PUNCT
arjefm-81	243	65	−	−	PROPN
arjefm-81	243	66	,	,	PUNCT
arjefm-81	243	67	)	)	PUNCT
arjefm-81	243	68	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	244	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	245	1	american	american	PROPN
arjefm-81	245	2	research	research	PROPN
arjefm-81	245	3	journal	journal	PROPN
arjefm-81	245	4	of	of	ADP
arjefm-81	245	5	economics	economic	NOUN
arjefm-81	245	6	,	,	PUNCT
arjefm-81	245	7	finance	finance	NOUN
arjefm-81	245	8	and	and	CCONJ
arjefm-81	245	9	management	management	NOUN
arjefm-81	245	10	volume	volume	NOUN
arjefm-81	245	11	11	11	NUM
arjefm-81	245	12	issue	issue	NOUN
arjefm-81	245	13	2	2	NUM
arjefm-81	245	14	,	,	PUNCT
arjefm-81	245	15	april	april	PROPN
arjefm-81	245	16	-	-	PUNCT
arjefm-81	245	17	june	june	PROPN
arjefm-81	245	18	2023	2023	NUM
arjefm-81	245	19	issn	issn	PROPN
arjefm-81	245	20	:	:	PUNCT
arjefm-81	245	21	2836	2836	NUM
arjefm-81	245	22	-	-	SYM
arjefm-81	245	23	9416	9416	NUM
arjefm-81	245	24	impact	impact	NOUN
arjefm-81	245	25	factor	factor	NOUN
arjefm-81	245	26	:	:	PUNCT
arjefm-81	245	27	5.57	5.57	NUM
arjefm-81	245	28	journal	journal	NOUN
arjefm-81	245	29	homepage	homepage	NOUN
arjefm-81	245	30	:	:	PUNCT
arjefm-81	245	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	245	32	,	,	PUNCT
arjefm-81	245	33	email	email	NOUN
arjefm-81	245	34	:	:	PUNCT
arjefm-81	246	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	246	2	official	official	ADJ
arjefm-81	246	3	journal	journal	PROPN
arjefm-81	246	4	of	of	ADP
arjefm-81	246	5	america	america	PROPN
arjefm-81	246	6	serial	serial	PROPN
arjefm-81	246	7	publication	publication	NOUN
arjefm-81	246	8	american	american	PROPN
arjefm-81	246	9	research	research	PROPN
arjefm-81	246	10	journal	journal	PROPN
arjefm-81	246	11	of	of	ADP
arjefm-81	246	12	economics	economic	NOUN
arjefm-81	246	13	,	,	PUNCT
arjefm-81	246	14	finance	finance	NOUN
arjefm-81	246	15	and	and	CCONJ
arjefm-81	246	16	management	management	NOUN
arjefm-81	246	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	246	18	,	,	PUNCT
arjefm-81	246	19	email	email	NOUN
arjefm-81	246	20	:	:	PUNCT
arjefm-81	246	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	246	22	49	49	NUM
arjefm-81	247	1	|	|	ADV
arjefm-81	247	2	p	p	X
arjefm-81	247	3	a	a	DET
arjefm-81	247	4	g	g	NOUN
arjefm-81	247	5	e	e	NOUN
arjefm-81	247	6	4.2.4	4.2.4	NUM
arjefm-81	247	7	model	model	NOUN
arjefm-81	247	8	specification	specification	NOUN
arjefm-81	247	9	the	the	DET
arjefm-81	247	10	model	model	NOUN
arjefm-81	247	11	to	to	PART
arjefm-81	247	12	be	be	AUX
arjefm-81	247	13	estimated	estimate	VERB
arjefm-81	247	14	in	in	ADP
arjefm-81	247	15	the	the	DET
arjefm-81	247	16	analysis	analysis	NOUN
arjefm-81	247	17	is	be	AUX
arjefm-81	247	18	of	of	ADP
arjefm-81	247	19	the	the	DET
arjefm-81	247	20	form	form	NOUN
arjefm-81	247	21	:	:	PUNCT
arjefm-81	248	1	=	=	NOUN
arjefm-81	249	1	+	+	PUNCT
arjefm-81	249	2	∑	∑	PUNCT
arjefm-81	249	3	+	+	NUM
arjefm-81	249	4	∑	∑	PROPN
arjefm-81	249	5	+	+	NUM
arjefm-81	249	6	∑	∑	PROPN
arjefm-81	249	7	(	(	PUNCT
arjefm-81	249	8	9	9	NUM
arjefm-81	249	9	)	)	PUNCT
arjefm-81	249	10	=	=	PUNCT
arjefm-81	250	1	+	+	CCONJ
arjefm-81	250	2	,	,	PUNCT
arjefm-81	250	3	where	where	SCONJ
arjefm-81	250	4	~	~	PUNCT
arjefm-81	250	5	(	(	PUNCT
arjefm-81	250	6	0	0	NUM
arjefm-81	250	7	,	,	PUNCT
arjefm-81	250	8	)	)	PUNCT
arjefm-81	250	9	and	and	CCONJ
arjefm-81	250	10	~	~	PUNCT
arjefm-81	250	11	(	(	PUNCT
arjefm-81	250	12	0	0	NUM
arjefm-81	250	13	,	,	PUNCT
arjefm-81	250	14	)	)	PUNCT
arjefm-81	250	15	where	where	SCONJ
arjefm-81	250	16	is	be	AUX
arjefm-81	250	17	the	the	DET
arjefm-81	250	18	profitability	profitability	NOUN
arjefm-81	250	19	of	of	ADP
arjefm-81	250	20	bank	bank	NOUN
arjefm-81	250	21	i	i	PRON
arjefm-81	250	22	at	at	ADP
arjefm-81	250	23	time	time	NOUN
arjefm-81	250	24	t	t	PROPN
arjefm-81	250	25	,	,	PUNCT
arjefm-81	250	26	with	with	ADP
arjefm-81	250	27	i	i	PROPN
arjefm-81	250	28	=	=	NOUN
arjefm-81	250	29	1	1	NUM
arjefm-81	250	30	,	,	PUNCT
arjefm-81	250	31	…	…	PUNCT
arjefm-81	250	32	,	,	PUNCT
arjefm-81	250	33	n	n	CCONJ
arjefm-81	250	34	;	;	PUNCT
arjefm-81	250	35	t	t	NOUN
arjefm-81	250	36	=	=	SYM
arjefm-81	250	37	1	1	NUM
arjefm-81	250	38	,	,	PUNCT
arjefm-81	250	39	…	…	NUM
arjefm-81	250	40	,	,	PUNCT
arjefm-81	250	41	t	t	PROPN
arjefm-81	250	42	,	,	PUNCT
arjefm-81	250	43	is	be	AUX
arjefm-81	250	44	a	a	DET
arjefm-81	250	45	constant	constant	ADJ
arjefm-81	250	46	term	term	NOUN
arjefm-81	250	47	,	,	PUNCT
arjefm-81	250	48	,	,	PUNCT
arjefm-81	250	49	,	,	PUNCT
arjefm-81	250	50	are	be	AUX
arjefm-81	250	51	the	the	DET
arjefm-81	250	52	coefficients	coefficient	NOUN
arjefm-81	250	53	for	for	ADP
arjefm-81	250	54	bank	bank	NOUN
arjefm-81	250	55	-	-	PUNCT
arjefm-81	250	56	specific	specific	ADJ
arjefm-81	250	57	,	,	PUNCT
arjefm-81	250	58	sector	sector	NOUN
arjefm-81	250	59	-	-	PUNCT
arjefm-81	250	60	specific	specific	ADJ
arjefm-81	250	61	and	and	CCONJ
arjefm-81	250	62	macroeconomic	macroeconomic	ADJ
arjefm-81	250	63	determinants	determinant	NOUN
arjefm-81	250	64	.	.	PUNCT
arjefm-81	251	1	χit	χit	VERB
arjefm-81	251	2	is	be	AUX
arjefm-81	251	3	a	a	DET
arjefm-81	251	4	set	set	NOUN
arjefm-81	251	5	of	of	ADP
arjefm-81	251	6	independent	independent	ADJ
arjefm-81	251	7	variables	variable	NOUN
arjefm-81	251	8	,	,	PUNCT
arjefm-81	251	9	is	be	AUX
arjefm-81	251	10	the	the	DET
arjefm-81	251	11	disturbance	disturbance	NOUN
arjefm-81	251	12	having	have	VERB
arjefm-81	251	13	as	as	ADP
arjefm-81	251	14	the	the	DET
arjefm-81	251	15	unobserved	unobserved	ADJ
arjefm-81	251	16	bank	bank	NOUN
arjefm-81	251	17	-	-	PUNCT
arjefm-81	251	18	specific	specific	ADJ
arjefm-81	251	19	effect	effect	NOUN
arjefm-81	251	20	and	and	CCONJ
arjefm-81	251	21	as	as	ADP
arjefm-81	251	22	the	the	DET
arjefm-81	251	23	idiosyncratic	idiosyncratic	ADJ
arjefm-81	251	24	error	error	NOUN
arjefm-81	251	25	.	.	PUNCT
arjefm-81	252	1	to	to	PART
arjefm-81	252	2	measure	measure	VERB
arjefm-81	252	3	the	the	DET
arjefm-81	252	4	persistence	persistence	NOUN
arjefm-81	252	5	of	of	ADP
arjefm-81	252	6	bank	bank	NOUN
arjefm-81	252	7	profits	profit	NOUN
arjefm-81	252	8	over	over	ADP
arjefm-81	252	9	time	time	NOUN
arjefm-81	252	10	,	,	PUNCT
arjefm-81	252	11	we	we	PRON
arjefm-81	252	12	adopted	adopt	VERB
arjefm-81	252	13	the	the	DET
arjefm-81	252	14	dynamic	dynamic	ADJ
arjefm-81	252	15	specification	specification	NOUN
arjefm-81	252	16	of	of	ADP
arjefm-81	252	17	the	the	DET
arjefm-81	252	18	model	model	NOUN
arjefm-81	252	19	in	in	ADP
arjefm-81	252	20	(	(	PUNCT
arjefm-81	252	21	1	1	NUM
arjefm-81	252	22	)	)	PUNCT
arjefm-81	252	23	as	as	ADP
arjefm-81	252	24	:	:	PUNCT
arjefm-81	252	25	=	=	NOUN
arjefm-81	253	1	+	+	CCONJ
arjefm-81	253	2	+	+	CCONJ
arjefm-81	253	3	∑	∑	PROPN
arjefm-81	253	4	+	+	ADJ
arjefm-81	253	5	∑	∑	PROPN
arjefm-81	253	6	+	+	NUM
arjefm-81	253	7	∑	∑	PROPN
arjefm-81	253	8	(	(	PUNCT
arjefm-81	253	9	10	10	NUM
arjefm-81	253	10	)	)	PUNCT
arjefm-81	253	11	where	where	SCONJ
arjefm-81	253	12	measures	measure	NOUN
arjefm-81	253	13	speed	speed	NOUN
arjefm-81	253	14	of	of	ADP
arjefm-81	253	15	adjustment	adjustment	NOUN
arjefm-81	253	16	to	to	ADP
arjefm-81	253	17	equilibrium	equilibrium	NOUN
arjefm-81	253	18	and	and	CCONJ
arjefm-81	253	19	=	=	SYM
arjefm-81	254	1	[	[	X
arjefm-81	254	2	0,1	0,1	NUM
arjefm-81	254	3	]	]	PUNCT
arjefm-81	254	4	.	.	PUNCT
arjefm-81	255	1	due	due	ADP
arjefm-81	255	2	to	to	ADP
arjefm-81	255	3	the	the	DET
arjefm-81	255	4	development	development	NOUN
arjefm-81	255	5	that	that	PRON
arjefm-81	255	6	occurred	occur	VERB
arjefm-81	255	7	in	in	ADP
arjefm-81	255	8	the	the	DET
arjefm-81	255	9	banking	banking	NOUN
arjefm-81	255	10	system	system	NOUN
arjefm-81	255	11	over	over	ADP
arjefm-81	255	12	time	time	NOUN
arjefm-81	255	13	,	,	PUNCT
arjefm-81	255	14	we	we	PRON
arjefm-81	255	15	introduced	introduce	VERB
arjefm-81	255	16	a	a	DET
arjefm-81	255	17	dummy	dummy	ADJ
arjefm-81	255	18	variable	variable	NOUN
arjefm-81	255	19	to	to	PART
arjefm-81	255	20	account	account	VERB
arjefm-81	255	21	for	for	ADP
arjefm-81	255	22	unobservable	unobservable	ADJ
arjefm-81	255	23	time	time	NOUN
arjefm-81	255	24	effects	effect	NOUN
arjefm-81	255	25	and	and	CCONJ
arjefm-81	255	26	the	the	DET
arjefm-81	255	27	model	model	NOUN
arjefm-81	255	28	in	in	ADP
arjefm-81	255	29	(	(	PUNCT
arjefm-81	255	30	10	10	NUM
arjefm-81	255	31	)	)	PUNCT
arjefm-81	255	32	is	be	AUX
arjefm-81	255	33	augmented	augment	VERB
arjefm-81	255	34	as	as	SCONJ
arjefm-81	255	35	follows	follow	VERB
arjefm-81	255	36	:	:	PUNCT
arjefm-81	255	37	=	=	X
arjefm-81	256	1	+	+	CCONJ
arjefm-81	256	2	+	+	CCONJ
arjefm-81	256	3	∑	∑	PROPN
arjefm-81	256	4	+	+	ADJ
arjefm-81	256	5	∑	∑	PROPN
arjefm-81	256	6	+	+	NUM
arjefm-81	256	7	∑	∑	PROPN
arjefm-81	256	8	(	(	PUNCT
arjefm-81	256	9	11	11	NUM
arjefm-81	256	10	)	)	PUNCT
arjefm-81	256	11	where	where	SCONJ
arjefm-81	256	12	is	be	AUX
arjefm-81	256	13	the	the	DET
arjefm-81	256	14	dummy	dummy	ADJ
arjefm-81	256	15	variable	variable	NOUN
arjefm-81	256	16	for	for	ADP
arjefm-81	256	17	the	the	DET
arjefm-81	256	18	nationality	nationality	NOUN
arjefm-81	256	19	of	of	ADP
arjefm-81	256	20	the	the	DET
arjefm-81	256	21	bank	bank	NOUN
arjefm-81	256	22	ownership	ownership	NOUN
arjefm-81	256	23	?	?	PUNCT
arjefm-81	257	1	hypothesis	hypothesis	NOUN
arjefm-81	257	2	testing	testing	NOUN
arjefm-81	257	3	:	:	PUNCT
arjefm-81	257	4	relative	relative	ADJ
arjefm-81	257	5	market	market	NOUN
arjefm-81	257	6	power	power	NOUN
arjefm-81	257	7	has	have	VERB
arjefm-81	257	8	significant	significant	ADJ
arjefm-81	257	9	effect	effect	NOUN
arjefm-81	257	10	on	on	ADP
arjefm-81	257	11	bank	bank	NOUN
arjefm-81	257	12	profitability	profitability	NOUN
arjefm-81	257	13	:	:	PUNCT
arjefm-81	257	14	relative	relative	ADJ
arjefm-81	257	15	market	market	NOUN
arjefm-81	257	16	power	power	NOUN
arjefm-81	257	17	has	have	VERB
arjefm-81	257	18	no	no	DET
arjefm-81	257	19	significant	significant	ADJ
arjefm-81	257	20	effect	effect	NOUN
arjefm-81	257	21	on	on	ADP
arjefm-81	257	22	bank	bank	NOUN
arjefm-81	257	23	profitability	profitability	NOUN
arjefm-81	257	24	4.2.5	4.2.5	NUM
arjefm-81	257	25	method	method	NOUN
arjefm-81	257	26	of	of	ADP
arjefm-81	257	27	analysis	analysis	NOUN
arjefm-81	257	28	this	this	DET
arjefm-81	257	29	study	study	NOUN
arjefm-81	257	30	uses	use	VERB
arjefm-81	257	31	unbalanced	unbalanced	ADJ
arjefm-81	257	32	panel	panel	NOUN
arjefm-81	257	33	data	datum	NOUN
arjefm-81	257	34	of	of	ADP
arjefm-81	257	35	the	the	DET
arjefm-81	257	36	nigerian	nigerian	ADJ
arjefm-81	257	37	20	20	NUM
arjefm-81	257	38	commercial	commercial	ADJ
arjefm-81	257	39	banks	bank	NOUN
arjefm-81	257	40	listed	list	VERB
arjefm-81	257	41	in	in	ADP
arjefm-81	257	42	nigerian	nigerian	ADJ
arjefm-81	257	43	stock	stock	NOUN
arjefm-81	257	44	exchange	exchange	NOUN
arjefm-81	257	45	covering	cover	VERB
arjefm-81	257	46	2001	2001	NUM
arjefm-81	257	47	to	to	ADP
arjefm-81	257	48	2015	2015	NUM
arjefm-81	257	49	.	.	PUNCT
arjefm-81	258	1	4.2.5.1	4.2.5.1	NUM
arjefm-81	258	2	gmm	gmm	PROPN
arjefm-81	258	3	dynamic	dynamic	ADJ
arjefm-81	258	4	panel	panel	NOUN
arjefm-81	258	5	model	model	VERB
arjefm-81	258	6	the	the	DET
arjefm-81	258	7	dynamic	dynamic	ADJ
arjefm-81	258	8	model	model	NOUN
arjefm-81	258	9	is	be	AUX
arjefm-81	258	10	of	of	ADP
arjefm-81	258	11	form	form	NOUN
arjefm-81	258	12	:	:	PUNCT
arjefm-81	258	13	=	=	PUNCT
arjefm-81	258	14	∝	∝	X
arjefm-81	258	15	+	+	X
arjefm-81	258	16	,	,	PUNCT
arjefm-81	258	17	+	+	PUNCT
arjefm-81	259	1	+	+	PUNCT
arjefm-81	259	2	+	+	PUNCT
arjefm-81	259	3	+	+	CCONJ
arjefm-81	259	4	(	(	PUNCT
arjefm-81	259	5	12	12	NUM
arjefm-81	259	6	)	)	PUNCT
arjefm-81	259	7	=	=	SYM
arjefm-81	259	8	∝	∝	PROPN
arjefm-81	259	9	+	+	X
arjefm-81	259	10	,	,	PUNCT
arjefm-81	259	11	+	+	PUNCT
arjefm-81	260	1	+	+	PUNCT
arjefm-81	260	2	+	+	PUNCT
arjefm-81	260	3	+	+	CCONJ
arjefm-81	260	4	(	(	PUNCT
arjefm-81	260	5	13	13	NUM
arjefm-81	260	6	)	)	PUNCT
arjefm-81	260	7	=	=	SYM
arjefm-81	260	8	∝	∝	PROPN
arjefm-81	260	9	+	+	X
arjefm-81	260	10	,	,	PUNCT
arjefm-81	260	11	+	+	PUNCT
arjefm-81	261	1	+	+	PUNCT
arjefm-81	261	2	+	+	PUNCT
arjefm-81	261	3	+	+	CCONJ
arjefm-81	261	4	(	(	PUNCT
arjefm-81	261	5	14	14	NUM
arjefm-81	261	6	)	)	PUNCT
arjefm-81	261	7	where	where	SCONJ
arjefm-81	261	8	roa	roa	PROPN
arjefm-81	261	9	is	be	AUX
arjefm-81	261	10	returns	return	NOUN
arjefm-81	261	11	on	on	ADP
arjefm-81	261	12	assets	asset	NOUN
arjefm-81	261	13	,	,	PUNCT
arjefm-81	261	14	roe	roe	PROPN
arjefm-81	261	15	is	be	AUX
arjefm-81	261	16	returns	return	NOUN
arjefm-81	261	17	on	on	ADP
arjefm-81	261	18	equity	equity	NOUN
arjefm-81	261	19	,	,	PUNCT
arjefm-81	261	20	nim	nim	PROPN
arjefm-81	261	21	is	be	AUX
arjefm-81	261	22	net	net	ADJ
arjefm-81	261	23	interest	interest	NOUN
arjefm-81	261	24	margin	margin	NOUN
arjefm-81	261	25	,	,	PUNCT
arjefm-81	261	26	mcon	mcon	NOUN
arjefm-81	261	27	is	be	AUX
arjefm-81	261	28	market	market	NOUN
arjefm-81	261	29	concentration	concentration	NOUN
arjefm-81	261	30	,	,	PUNCT
arjefm-81	261	31	infl	infl	PROPN
arjefm-81	261	32	is	be	AUX
arjefm-81	261	33	inflation	inflation	NOUN
arjefm-81	261	34	rate	rate	NOUN
arjefm-81	261	35	,	,	PUNCT
arjefm-81	261	36	lris	lris	PROPN
arjefm-81	261	37	is	be	AUX
arjefm-81	261	38	liquidity	liquidity	NOUN
arjefm-81	261	39	risk	risk	NOUN
arjefm-81	261	40	,	,	PUNCT
arjefm-81	261	41	rgdp	rgdp	NOUN
arjefm-81	261	42	is	be	AUX
arjefm-81	261	43	real	real	ADJ
arjefm-81	261	44	gdp	gdp	NOUN
arjefm-81	261	45	growth	growth	NOUN
arjefm-81	261	46	rate	rate	NOUN
arjefm-81	261	47	,	,	PUNCT
arjefm-81	261	48	cris	cris	PROPN
arjefm-81	261	49	is	be	AUX
arjefm-81	261	50	credit	credit	NOUN
arjefm-81	261	51	risk	risk	NOUN
arjefm-81	261	52	,	,	PUNCT
arjefm-81	261	53	bmix	bmix	VERB
arjefm-81	261	54	is	be	AUX
arjefm-81	261	55	business	business	NOUN
arjefm-81	261	56	mix	mix	NOUN
arjefm-81	261	57	indicator	indicator	NOUN
arjefm-81	261	58	,	,	PUNCT
arjefm-81	261	59	cade	cade	PROPN
arjefm-81	261	60	is	be	AUX
arjefm-81	261	61	capital	capital	NOUN
arjefm-81	261	62	adequacy	adequacy	NOUN
arjefm-81	261	63	and	and	CCONJ
arjefm-81	261	64	er	er	INTJ
arjefm-81	261	65	is	be	AUX
arjefm-81	261	66	efficiency	efficiency	NOUN
arjefm-81	261	67	ratio	ratio	NOUN
arjefm-81	261	68	.	.	PUNCT
arjefm-81	262	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	262	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	263	1	american	american	PROPN
arjefm-81	263	2	research	research	PROPN
arjefm-81	263	3	journal	journal	PROPN
arjefm-81	263	4	of	of	ADP
arjefm-81	263	5	economics	economic	NOUN
arjefm-81	263	6	,	,	PUNCT
arjefm-81	263	7	finance	finance	NOUN
arjefm-81	263	8	and	and	CCONJ
arjefm-81	263	9	management	management	NOUN
arjefm-81	263	10	volume	volume	NOUN
arjefm-81	263	11	11	11	NUM
arjefm-81	263	12	issue	issue	NOUN
arjefm-81	263	13	2	2	NUM
arjefm-81	263	14	,	,	PUNCT
arjefm-81	263	15	april	april	PROPN
arjefm-81	263	16	-	-	PUNCT
arjefm-81	263	17	june	june	PROPN
arjefm-81	263	18	2023	2023	NUM
arjefm-81	263	19	issn	issn	PROPN
arjefm-81	263	20	:	:	PUNCT
arjefm-81	263	21	2836	2836	NUM
arjefm-81	263	22	-	-	SYM
arjefm-81	263	23	9416	9416	NUM
arjefm-81	263	24	impact	impact	NOUN
arjefm-81	263	25	factor	factor	NOUN
arjefm-81	263	26	:	:	PUNCT
arjefm-81	263	27	5.57	5.57	NUM
arjefm-81	263	28	journal	journal	NOUN
arjefm-81	263	29	homepage	homepage	NOUN
arjefm-81	263	30	:	:	PUNCT
arjefm-81	263	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	263	32	,	,	PUNCT
arjefm-81	263	33	email	email	NOUN
arjefm-81	263	34	:	:	PUNCT
arjefm-81	264	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	264	2	official	official	ADJ
arjefm-81	264	3	journal	journal	PROPN
arjefm-81	264	4	of	of	ADP
arjefm-81	264	5	america	america	PROPN
arjefm-81	264	6	serial	serial	PROPN
arjefm-81	264	7	publication	publication	NOUN
arjefm-81	264	8	american	american	PROPN
arjefm-81	264	9	research	research	PROPN
arjefm-81	264	10	journal	journal	PROPN
arjefm-81	264	11	of	of	ADP
arjefm-81	264	12	economics	economic	NOUN
arjefm-81	264	13	,	,	PUNCT
arjefm-81	264	14	finance	finance	NOUN
arjefm-81	264	15	and	and	CCONJ
arjefm-81	264	16	management	management	NOUN
arjefm-81	264	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	264	18	,	,	PUNCT
arjefm-81	264	19	email	email	NOUN
arjefm-81	264	20	:	:	PUNCT
arjefm-81	264	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	265	1	50	50	NUM
arjefm-81	266	1	|	|	ADV
arjefm-81	266	2	p	p	NOUN
arjefm-81	266	3	a	a	DET
arjefm-81	266	4	g	g	NOUN
arjefm-81	266	5	e	e	PROPN
arjefm-81	266	6	4.2.5.2	4.2.5.2	NUM
arjefm-81	266	7	sargan	sargan	VERB
arjefm-81	266	8	test	test	NOUN
arjefm-81	266	9	the	the	DET
arjefm-81	266	10	sargan	sargan	NOUN
arjefm-81	266	11	test	test	NOUN
arjefm-81	266	12	is	be	AUX
arjefm-81	266	13	employed	employ	VERB
arjefm-81	266	14	to	to	PART
arjefm-81	266	15	test	test	VERB
arjefm-81	266	16	for	for	ADP
arjefm-81	266	17	the	the	DET
arjefm-81	266	18	validity	validity	NOUN
arjefm-81	266	19	of	of	ADP
arjefm-81	266	20	over	over	ADV
arjefm-81	266	21	-	-	PUNCT
arjefm-81	266	22	identifying	identify	VERB
arjefm-81	266	23	restrictions	restriction	NOUN
arjefm-81	266	24	.	.	PUNCT
arjefm-81	267	1	this	this	DET
arjefm-81	267	2	test	test	NOUN
arjefm-81	267	3	ensures	ensure	VERB
arjefm-81	267	4	that	that	SCONJ
arjefm-81	267	5	the	the	DET
arjefm-81	267	6	instrumental	instrumental	ADJ
arjefm-81	267	7	variables	variable	NOUN
arjefm-81	267	8	are	be	AUX
arjefm-81	267	9	not	not	PART
arjefm-81	267	10	correlated	correlate	VERB
arjefm-81	267	11	with	with	ADP
arjefm-81	267	12	the	the	DET
arjefm-81	267	13	error	error	NOUN
arjefm-81	267	14	terms	term	NOUN
arjefm-81	267	15	.	.	PUNCT
arjefm-81	268	1	:	:	PUNCT
arjefm-81	268	2	over	over	ADV
arjefm-81	268	3	-	-	PUNCT
arjefm-81	268	4	identifying	identify	VERB
arjefm-81	268	5	restrictions	restriction	NOUN
arjefm-81	268	6	are	be	AUX
arjefm-81	268	7	valid	valid	ADJ
arjefm-81	268	8	(	(	PUNCT
arjefm-81	268	9	instruments	instrument	NOUN
arjefm-81	268	10	are	be	AUX
arjefm-81	268	11	valid	valid	ADJ
arjefm-81	268	12	)	)	PUNCT
arjefm-81	268	13	:	:	PUNCT
arjefm-81	268	14	over	over	ADP
arjefm-81	268	15	-	-	PUNCT
arjefm-81	268	16	identifying	identify	VERB
arjefm-81	268	17	restrictions	restriction	NOUN
arjefm-81	268	18	are	be	AUX
arjefm-81	268	19	invalid	invalid	ADJ
arjefm-81	268	20	(	(	PUNCT
arjefm-81	268	21	instruments	instrument	NOUN
arjefm-81	268	22	are	be	AUX
arjefm-81	268	23	invalid	invalid	ADJ
arjefm-81	268	24	)	)	PUNCT
arjefm-81	268	25	5	5	NUM
arjefm-81	268	26	.	.	PUNCT
arjefm-81	268	27	empirical	empirical	ADJ
arjefm-81	268	28	results	result	NOUN
arjefm-81	268	29	and	and	CCONJ
arjefm-81	268	30	discussions	discussion	NOUN
arjefm-81	268	31	the	the	DET
arjefm-81	268	32	study	study	NOUN
arjefm-81	268	33	commences	commence	VERB
arjefm-81	268	34	its	its	PRON
arjefm-81	268	35	empirical	empirical	ADJ
arjefm-81	268	36	analysis	analysis	NOUN
arjefm-81	268	37	by	by	ADP
arjefm-81	268	38	conducting	conduct	VERB
arjefm-81	268	39	pre	pre	ADJ
arjefm-81	268	40	-	-	ADJ
arjefm-81	268	41	test	test	ADJ
arjefm-81	268	42	investigations	investigation	NOUN
arjefm-81	268	43	that	that	PRON
arjefm-81	268	44	include	include	VERB
arjefm-81	268	45	the	the	DET
arjefm-81	268	46	descriptive	descriptive	ADJ
arjefm-81	268	47	patterns	pattern	NOUN
arjefm-81	268	48	of	of	ADP
arjefm-81	268	49	the	the	DET
arjefm-81	268	50	concerned	concerned	ADJ
arjefm-81	268	51	variables	variable	NOUN
arjefm-81	268	52	,	,	PUNCT
arjefm-81	268	53	correlation	correlation	NOUN
arjefm-81	268	54	matrix	matrix	NOUN
arjefm-81	268	55	as	as	ADV
arjefm-81	268	56	well	well	ADV
arjefm-81	268	57	as	as	ADP
arjefm-81	268	58	stationary	stationary	ADJ
arjefm-81	268	59	test	test	NOUN
arjefm-81	268	60	etc	etc	X
arjefm-81	268	61	.	.	PUNCT
arjefm-81	269	1	the	the	DET
arjefm-81	269	2	descriptive	descriptive	ADJ
arjefm-81	269	3	results	result	NOUN
arjefm-81	269	4	as	as	SCONJ
arjefm-81	269	5	presented	present	VERB
arjefm-81	269	6	in	in	ADP
arjefm-81	269	7	table	table	NOUN
arjefm-81	269	8	3	3	NUM
arjefm-81	269	9	reveal	reveal	VERB
arjefm-81	269	10	that	that	SCONJ
arjefm-81	269	11	the	the	DET
arjefm-81	269	12	expected	expect	VERB
arjefm-81	269	13	value	value	NOUN
arjefm-81	269	14	of	of	ADP
arjefm-81	269	15	efficiency	efficiency	NOUN
arjefm-81	269	16	ratio(er	ratio(er	NOUN
arjefm-81	269	17	)	)	PUNCT
arjefm-81	269	18	accounts	account	NOUN
arjefm-81	269	19	for	for	ADP
arjefm-81	269	20	the	the	DET
arjefm-81	269	21	highest	high	ADJ
arjefm-81	269	22	with	with	ADP
arjefm-81	269	23	about	about	ADV
arjefm-81	269	24	76.9	76.9	NUM
arjefm-81	269	25	percent	percent	NOUN
arjefm-81	269	26	,	,	PUNCT
arjefm-81	269	27	followed	follow	VERB
arjefm-81	269	28	by	by	ADP
arjefm-81	269	29	inflation	inflation	NOUN
arjefm-81	269	30	rate	rate	NOUN
arjefm-81	269	31	with	with	ADP
arjefm-81	269	32	12.05	12.05	NUM
arjefm-81	269	33	percent	percent	NOUN
arjefm-81	269	34	,	,	PUNCT
arjefm-81	269	35	while	while	SCONJ
arjefm-81	269	36	credit	credit	NOUN
arjefm-81	269	37	risk	risk	NOUN
arjefm-81	269	38	has	have	VERB
arjefm-81	269	39	the	the	DET
arjefm-81	269	40	lowest	low	ADJ
arjefm-81	269	41	expected	expect	VERB
arjefm-81	269	42	value	value	NOUN
arjefm-81	269	43	with	with	ADP
arjefm-81	269	44	0.02	0.02	NUM
arjefm-81	269	45	.	.	PUNCT
arjefm-81	270	1	in	in	ADP
arjefm-81	270	2	addition	addition	NOUN
arjefm-81	270	3	,	,	PUNCT
arjefm-81	270	4	the	the	DET
arjefm-81	270	5	efficiency	efficiency	NOUN
arjefm-81	270	6	ratio	ratio	NOUN
arjefm-81	270	7	is	be	AUX
arjefm-81	270	8	highly	highly	ADV
arjefm-81	270	9	volatile	volatile	ADJ
arjefm-81	270	10	as	as	SCONJ
arjefm-81	270	11	showed	show	VERB
arjefm-81	270	12	by	by	ADP
arjefm-81	270	13	the	the	DET
arjefm-81	270	14	standard	standard	ADJ
arjefm-81	270	15	deviation	deviation	NOUN
arjefm-81	270	16	of	of	ADP
arjefm-81	270	17	63.46	63.46	NUM
arjefm-81	270	18	while	while	SCONJ
arjefm-81	270	19	credit	credit	NOUN
arjefm-81	270	20	risk	risk	NOUN
arjefm-81	270	21	(	(	PUNCT
arjefm-81	270	22	cr	cr	NOUN
arjefm-81	270	23	)	)	PUNCT
arjefm-81	270	24	experiences	experience	VERB
arjefm-81	270	25	the	the	DET
arjefm-81	270	26	lowest	low	ADJ
arjefm-81	270	27	level	level	NOUN
arjefm-81	270	28	of	of	ADP
arjefm-81	270	29	fluctuation	fluctuation	NOUN
arjefm-81	270	30	with	with	ADP
arjefm-81	270	31	as	as	ADP
arjefm-81	270	32	standard	standard	ADJ
arjefm-81	270	33	deviation	deviation	NOUN
arjefm-81	270	34	of	of	ADP
arjefm-81	270	35	0.06	0.06	NUM
arjefm-81	270	36	.	.	PUNCT
arjefm-81	271	1	the	the	DET
arjefm-81	271	2	implication	implication	NOUN
arjefm-81	271	3	is	be	AUX
arjefm-81	271	4	that	that	SCONJ
arjefm-81	271	5	any	any	DET
arjefm-81	271	6	shock	shock	NOUN
arjefm-81	271	7	in	in	ADP
arjefm-81	271	8	the	the	DET
arjefm-81	271	9	banking	banking	NOUN
arjefm-81	271	10	industry	industry	NOUN
arjefm-81	271	11	leads	lead	VERB
arjefm-81	271	12	to	to	ADP
arjefm-81	271	13	a	a	DET
arjefm-81	271	14	change	change	NOUN
arjefm-81	271	15	in	in	ADP
arjefm-81	271	16	the	the	DET
arjefm-81	271	17	efficiency	efficiency	NOUN
arjefm-81	271	18	ratio	ratio	NOUN
arjefm-81	271	19	of	of	ADP
arjefm-81	271	20	the	the	DET
arjefm-81	271	21	industry	industry	NOUN
arjefm-81	271	22	.	.	PUNCT
arjefm-81	272	1	therefore	therefore	ADV
arjefm-81	272	2	,	,	PUNCT
arjefm-81	272	3	there	there	PRON
arjefm-81	272	4	is	be	VERB
arjefm-81	272	5	ahigh	ahigh	ADJ
arjefm-81	272	6	level	level	NOUN
arjefm-81	272	7	of	of	ADP
arjefm-81	272	8	uncertainties	uncertainty	NOUN
arjefm-81	272	9	in	in	ADP
arjefm-81	272	10	the	the	DET
arjefm-81	272	11	movement	movement	NOUN
arjefm-81	272	12	of	of	ADP
arjefm-81	272	13	the	the	DET
arjefm-81	272	14	efficiency	efficiency	NOUN
arjefm-81	272	15	ratio	ratio	NOUN
arjefm-81	272	16	.	.	PUNCT
arjefm-81	273	1	table	table	NOUN
arjefm-81	273	2	4	4	NUM
arjefm-81	273	3	provides	provide	VERB
arjefm-81	273	4	the	the	DET
arjefm-81	273	5	outcomes	outcome	NOUN
arjefm-81	273	6	of	of	ADP
arjefm-81	273	7	a	a	DET
arjefm-81	273	8	simple	simple	ADJ
arjefm-81	273	9	correlation	correlation	NOUN
arjefm-81	273	10	matrix	matrix	NOUN
arjefm-81	273	11	for	for	ADP
arjefm-81	273	12	all	all	DET
arjefm-81	273	13	the	the	DET
arjefm-81	273	14	level	level	NOUN
arjefm-81	273	15	series	series	NOUN
arjefm-81	273	16	for	for	ADP
arjefm-81	273	17	the	the	DET
arjefm-81	273	18	entire	entire	ADJ
arjefm-81	273	19	sample	sample	NOUN
arjefm-81	273	20	period	period	NOUN
arjefm-81	273	21	2001	2001	NUM
arjefm-81	273	22	-	-	SYM
arjefm-81	273	23	2015	2015	NUM
arjefm-81	273	24	.	.	PUNCT
arjefm-81	274	1	as	as	SCONJ
arjefm-81	274	2	shown	show	VERB
arjefm-81	274	3	in	in	ADP
arjefm-81	274	4	the	the	DET
arjefm-81	274	5	table	table	NOUN
arjefm-81	274	6	,	,	PUNCT
arjefm-81	274	7	the	the	DET
arjefm-81	274	8	roa	roa	NOUN
arjefm-81	274	9	has	have	VERB
arjefm-81	274	10	a	a	DET
arjefm-81	274	11	highest	high	ADJ
arjefm-81	274	12	negative	negative	ADJ
arjefm-81	274	13	correlation	correlation	NOUN
arjefm-81	274	14	with	with	ADP
arjefm-81	274	15	the	the	DET
arjefm-81	274	16	cris	cris	NOUN
arjefm-81	274	17	,	,	PUNCT
arjefm-81	274	18	a	a	DET
arjefm-81	274	19	correlation	correlation	NOUN
arjefm-81	274	20	of	of	ADP
arjefm-81	274	21	about	about	ADP
arjefm-81	274	22	-83	-83	NUM
arjefm-81	274	23	percent	percent	NOUN
arjefm-81	274	24	while	while	SCONJ
arjefm-81	274	25	there	there	PRON
arjefm-81	274	26	is	be	VERB
arjefm-81	274	27	a	a	DET
arjefm-81	274	28	very	very	ADV
arjefm-81	274	29	weak	weak	ADJ
arjefm-81	274	30	and	and	CCONJ
arjefm-81	274	31	negative	negative	ADJ
arjefm-81	274	32	correlation	correlation	NOUN
arjefm-81	274	33	between	between	ADP
arjefm-81	274	34	the	the	DET
arjefm-81	274	35	roa	roa	NOUN
arjefm-81	274	36	and	and	CCONJ
arjefm-81	274	37	the	the	DET
arjefm-81	274	38	bage	bage	NOUN
arjefm-81	274	39	.	.	PUNCT
arjefm-81	275	1	in	in	ADP
arjefm-81	275	2	addition	addition	NOUN
arjefm-81	275	3	,	,	PUNCT
arjefm-81	275	4	strong	strong	ADJ
arjefm-81	275	5	and	and	CCONJ
arjefm-81	275	6	positive	positive	ADJ
arjefm-81	275	7	correlation	correlation	NOUN
arjefm-81	275	8	is	be	AUX
arjefm-81	275	9	evidently	evidently	ADV
arjefm-81	275	10	found	find	VERB
arjefm-81	275	11	between	between	ADP
arjefm-81	275	12	the	the	DET
arjefm-81	275	13	mcon	mcon	NOUN
arjefm-81	275	14	and	and	CCONJ
arjefm-81	275	15	the	the	DET
arjefm-81	275	16	rgdp	rgdp	NOUN
arjefm-81	275	17	whereas	whereas	SCONJ
arjefm-81	275	18	no	no	DET
arjefm-81	275	19	correlation	correlation	NOUN
arjefm-81	275	20	is	be	AUX
arjefm-81	275	21	established	establish	VERB
arjefm-81	275	22	between	between	ADP
arjefm-81	275	23	the	the	DET
arjefm-81	275	24	er	er	INTJ
arjefm-81	275	25	and	and	CCONJ
arjefm-81	275	26	the	the	DET
arjefm-81	275	27	mcon	mcon	NOUN
arjefm-81	275	28	.	.	PUNCT
arjefm-81	276	1	the	the	DET
arjefm-81	276	2	least	least	ADJ
arjefm-81	276	3	correlation	correlation	NOUN
arjefm-81	276	4	occurs	occur	VERB
arjefm-81	276	5	between	between	ADP
arjefm-81	276	6	the	the	DET
arjefm-81	276	7	bmix	bmix	NOUN
arjefm-81	276	8	and	and	CCONJ
arjefm-81	276	9	the	the	DET
arjefm-81	276	10	cade	cade	NOUN
arjefm-81	276	11	;	;	PUNCT
arjefm-81	276	12	and	and	CCONJ
arjefm-81	276	13	between	between	ADP
arjefm-81	276	14	the	the	DET
arjefm-81	276	15	roe	roe	NOUN
arjefm-81	276	16	and	and	CCONJ
arjefm-81	276	17	the	the	DET
arjefm-81	276	18	mcon	mcon	NOUN
arjefm-81	276	19	with	with	ADP
arjefm-81	276	20	a	a	DET
arjefm-81	276	21	correlation	correlation	NOUN
arjefm-81	276	22	coefficient	coefficient	NOUN
arjefm-81	276	23	of	of	ADP
arjefm-81	276	24	1	1	NUM
arjefm-81	276	25	percent	percent	NOUN
arjefm-81	276	26	.	.	PUNCT
arjefm-81	277	1	the	the	DET
arjefm-81	277	2	study	study	NOUN
arjefm-81	277	3	prevents	prevent	VERB
arjefm-81	277	4	spurious	spurious	ADJ
arjefm-81	277	5	results	result	NOUN
arjefm-81	277	6	that	that	PRON
arjefm-81	277	7	would	would	AUX
arjefm-81	277	8	lead	lead	VERB
arjefm-81	277	9	to	to	ADP
arjefm-81	277	10	a	a	DET
arjefm-81	277	11	wrong	wrong	ADJ
arjefm-81	277	12	policy	policy	NOUN
arjefm-81	277	13	decision	decision	NOUN
arjefm-81	277	14	by	by	ADP
arjefm-81	277	15	subjecting	subject	VERB
arjefm-81	277	16	all	all	DET
arjefm-81	277	17	the	the	DET
arjefm-81	277	18	variables	variable	NOUN
arjefm-81	277	19	to	to	ADP
arjefm-81	277	20	unit	unit	NOUN
arjefm-81	277	21	root	root	NOUN
arjefm-81	277	22	test	test	NOUN
arjefm-81	277	23	using	use	VERB
arjefm-81	277	24	four	four	NUM
arjefm-81	277	25	techniques	technique	NOUN
arjefm-81	277	26	applicable	applicable	ADJ
arjefm-81	277	27	to	to	ADP
arjefm-81	277	28	panel	panel	NOUN
arjefm-81	277	29	dataset	dataset	VERB
arjefm-81	277	30	.	.	PUNCT
arjefm-81	278	1	as	as	SCONJ
arjefm-81	278	2	illustrated	illustrate	VERB
arjefm-81	278	3	in	in	ADP
arjefm-81	278	4	table	table	NOUN
arjefm-81	278	5	5	5	NUM
arjefm-81	278	6	below	below	ADV
arjefm-81	278	7	,	,	PUNCT
arjefm-81	278	8	all	all	DET
arjefm-81	278	9	variables	variable	NOUN
arjefm-81	278	10	except	except	SCONJ
arjefm-81	278	11	the	the	DET
arjefm-81	278	12	lris	lris	NOUN
arjefm-81	278	13	,	,	PUNCT
arjefm-81	278	14	the	the	DET
arjefm-81	278	15	nim	nim	NOUN
arjefm-81	278	16	,	,	PUNCT
arjefm-81	278	17	and	and	CCONJ
arjefm-81	278	18	the	the	DET
arjefm-81	278	19	mcon	mcon	NOUN
arjefm-81	278	20	are	be	AUX
arjefm-81	278	21	stationary	stationary	ADJ
arjefm-81	278	22	at	at	ADP
arjefm-81	278	23	level	level	NOUN
arjefm-81	278	24	implying	imply	VERB
arjefm-81	278	25	that	that	SCONJ
arjefm-81	278	26	they	they	PRON
arjefm-81	278	27	are	be	AUX
arjefm-81	278	28	zero	zero	NUM
arjefm-81	278	29	order	order	NOUN
arjefm-81	278	30	of	of	ADP
arjefm-81	278	31	integration	integration	NOUN
arjefm-81	279	1	i.e	i.e	INTJ
arjefm-81	279	2	i	i	PRON
arjefm-81	279	3	(	(	PUNCT
arjefm-81	279	4	0	0	NUM
arjefm-81	279	5	)	)	PUNCT
arjefm-81	279	6	when	when	SCONJ
arjefm-81	279	7	estimated	estimate	VERB
arjefm-81	279	8	without	without	ADP
arjefm-81	279	9	intercept	intercept	NOUN
arjefm-81	279	10	and	and	CCONJ
arjefm-81	279	11	without	without	ADP
arjefm-81	279	12	trend	trend	NOUN
arjefm-81	279	13	.	.	PUNCT
arjefm-81	280	1	however	however	ADV
arjefm-81	280	2	,	,	PUNCT
arjefm-81	280	3	only	only	ADV
arjefm-81	280	4	the	the	DET
arjefm-81	280	5	lris	lris	NOUN
arjefm-81	280	6	and	and	CCONJ
arjefm-81	280	7	the	the	DET
arjefm-81	280	8	nim	nim	PROPN
arjefm-81	280	9	are	be	AUX
arjefm-81	280	10	not	not	PART
arjefm-81	280	11	stationary	stationary	ADJ
arjefm-81	280	12	at	at	ADP
arjefm-81	280	13	the	the	DET
arjefm-81	280	14	level	level	NOUN
arjefm-81	280	15	when	when	SCONJ
arjefm-81	280	16	estimation	estimation	NOUN
arjefm-81	280	17	is	be	AUX
arjefm-81	280	18	carried	carry	VERB
arjefm-81	280	19	with	with	ADP
arjefm-81	280	20	intercept	intercept	NOUN
arjefm-81	280	21	only	only	ADV
arjefm-81	280	22	.	.	PUNCT
arjefm-81	281	1	in	in	ADP
arjefm-81	281	2	addition	addition	NOUN
arjefm-81	281	3	,	,	PUNCT
arjefm-81	281	4	the	the	DET
arjefm-81	281	5	number	number	NOUN
arjefm-81	281	6	of	of	ADP
arjefm-81	281	7	non	non	ADJ
arjefm-81	281	8	-	-	ADJ
arjefm-81	281	9	stationary	stationary	ADJ
arjefm-81	281	10	variables	variable	NOUN
arjefm-81	281	11	at	at	ADP
arjefm-81	281	12	the	the	DET
arjefm-81	281	13	level	level	NOUN
arjefm-81	281	14	increases	increase	NOUN
arjefm-81	281	15	to	to	PART
arjefm-81	281	16	include	include	VERB
arjefm-81	281	17	the	the	DET
arjefm-81	281	18	cris	cris	NOUN
arjefm-81	281	19	,	,	PUNCT
arjefm-81	281	20	and	and	CCONJ
arjefm-81	281	21	the	the	DET
arjefm-81	281	22	roe	roe	NOUN
arjefm-81	281	23	when	when	SCONJ
arjefm-81	281	24	estimation	estimation	NOUN
arjefm-81	281	25	is	be	AUX
arjefm-81	281	26	conducted	conduct	VERB
arjefm-81	281	27	with	with	ADP
arjefm-81	281	28	intercept	intercept	NOUN
arjefm-81	281	29	and	and	CCONJ
arjefm-81	281	30	trend	trend	NOUN
arjefm-81	281	31	.	.	PUNCT
arjefm-81	282	1	by	by	ADP
arjefm-81	282	2	comparing	compare	VERB
arjefm-81	282	3	the	the	DET
arjefm-81	282	4	three	three	NUM
arjefm-81	282	5	conditions	condition	NOUN
arjefm-81	282	6	,	,	PUNCT
arjefm-81	282	7	each	each	PRON
arjefm-81	282	8	of	of	ADP
arjefm-81	282	9	the	the	DET
arjefm-81	282	10	series	series	NOUN
arjefm-81	282	11	excluding	exclude	VERB
arjefm-81	282	12	the	the	DET
arjefm-81	282	13	lris	lris	NOUN
arjefm-81	282	14	and	and	CCONJ
arjefm-81	282	15	the	the	DET
arjefm-81	282	16	nim	nim	PROPN
arjefm-81	282	17	is	be	AUX
arjefm-81	282	18	stationary	stationary	ADJ
arjefm-81	282	19	at	at	ADP
arjefm-81	282	20	its	its	PRON
arjefm-81	282	21	level	level	NOUN
arjefm-81	282	22	.	.	PUNCT
arjefm-81	283	1	however	however	ADV
arjefm-81	283	2	,	,	PUNCT
arjefm-81	283	3	there	there	PRON
arjefm-81	283	4	is	be	VERB
arjefm-81	283	5	likely	likely	ADJ
arjefm-81	283	6	that	that	SCONJ
arjefm-81	283	7	ols	ol	NOUN
arjefm-81	283	8	technique	technique	NOUN
arjefm-81	283	9	might	might	AUX
arjefm-81	283	10	break	break	VERB
arjefm-81	283	11	one	one	NUM
arjefm-81	283	12	of	of	ADP
arjefm-81	283	13	its	its	PRON
arjefm-81	283	14	assumptions	assumption	NOUN
arjefm-81	283	15	especially	especially	ADV
arjefm-81	283	16	the	the	DET
arjefm-81	283	17	assumption	assumption	NOUN
arjefm-81	283	18	of	of	ADP
arjefm-81	283	19	exogenity	exogenity	NOUN
arjefm-81	283	20	of	of	ADP
arjefm-81	283	21	the	the	DET
arjefm-81	283	22	explanatory	explanatory	ADJ
arjefm-81	283	23	variables	variable	NOUN
arjefm-81	283	24	.	.	PUNCT
arjefm-81	284	1	owing	owe	VERB
arjefm-81	284	2	to	to	ADP
arjefm-81	284	3	this	this	PRON
arjefm-81	284	4	,	,	PUNCT
arjefm-81	284	5	the	the	DET
arjefm-81	284	6	study	study	NOUN
arjefm-81	284	7	carries	carry	VERB
arjefm-81	284	8	out	out	ADP
arjefm-81	284	9	the	the	DET
arjefm-81	284	10	granger	granger	PROPN
arjefm-81	284	11	causality	causality	PROPN
arjefm-81	284	12	test	test	NOUN
arjefm-81	284	13	for	for	ADP
arjefm-81	284	14	all	all	DET
arjefm-81	284	15	the	the	DET
arjefm-81	284	16	series	series	NOUN
arjefm-81	284	17	.	.	PUNCT
arjefm-81	285	1	as	as	SCONJ
arjefm-81	285	2	revealed	reveal	VERB
arjefm-81	285	3	in	in	ADP
arjefm-81	285	4	table	table	NOUN
arjefm-81	285	5	6	6	NUM
arjefm-81	285	6	,	,	PUNCT
arjefm-81	285	7	the	the	DET
arjefm-81	285	8	roa	roa	PROPN
arjefm-81	285	9	granger	granger	PROPN
arjefm-81	285	10	causes	cause	VERB
arjefm-81	285	11	the	the	DET
arjefm-81	285	12	rgdp	rgdp	NOUN
arjefm-81	285	13	,	,	PUNCT
arjefm-81	285	14	the	the	DET
arjefm-81	285	15	er	er	INTJ
arjefm-81	285	16	,	,	PUNCT
arjefm-81	285	17	and	and	CCONJ
arjefm-81	285	18	the	the	DET
arjefm-81	285	19	infl	infl	PROPN
arjefm-81	285	20	while	while	SCONJ
arjefm-81	285	21	a	a	DET
arjefm-81	285	22	bi	bi	ADJ
arjefm-81	285	23	-	-	ADJ
arjefm-81	285	24	directional	directional	ADJ
arjefm-81	285	25	granger	granger	NOUN
arjefm-81	285	26	causality	causality	NOUN
arjefm-81	285	27	exists	exist	VERB
arjefm-81	285	28	between	between	ADP
arjefm-81	285	29	the	the	DET
arjefm-81	285	30	roa	roa	NOUN
arjefm-81	285	31	and	and	CCONJ
arjefm-81	285	32	the	the	DET
arjefm-81	285	33	size	size	NOUN
arjefm-81	285	34	;	;	PUNCT
arjefm-81	285	35	between	between	ADP
arjefm-81	285	36	the	the	DET
arjefm-81	285	37	infl	infl	PROPN
arjefm-81	285	38	and	and	CCONJ
arjefm-81	285	39	the	the	DET
arjefm-81	285	40	rgdp	rgdp	NOUN
arjefm-81	285	41	;	;	PUNCT
arjefm-81	285	42	between	between	ADP
arjefm-81	285	43	the	the	DET
arjefm-81	285	44	size	size	NOUN
arjefm-81	285	45	and	and	CCONJ
arjefm-81	285	46	the	the	DET
arjefm-81	285	47	rgdp	rgdp	NOUN
arjefm-81	285	48	;	;	PUNCT
arjefm-81	285	49	between	between	ADP
arjefm-81	285	50	the	the	DET
arjefm-81	285	51	roe	roe	NOUN
arjefm-81	285	52	and	and	CCONJ
arjefm-81	285	53	the	the	DET
arjefm-81	285	54	er	er	INTJ
arjefm-81	285	55	;	;	PUNCT
arjefm-81	285	56	between	between	ADP
arjefm-81	285	57	the	the	DET
arjefm-81	285	58	infl	infl	PROPN
arjefm-81	285	59	and	and	CCONJ
arjefm-81	285	60	the	the	DET
arjefm-81	285	61	mcon	mcon	NOUN
arjefm-81	285	62	;	;	PUNCT
arjefm-81	285	63	and	and	CCONJ
arjefm-81	285	64	between	between	ADP
arjefm-81	285	65	the	the	DET
arjefm-81	285	66	size	size	NOUN
arjefm-81	285	67	and	and	CCONJ
arjefm-81	285	68	the	the	DET
arjefm-81	285	69	mcon	mcon	NOUN
arjefm-81	285	70	.	.	PUNCT
arjefm-81	286	1	furthermore	furthermore	ADV
arjefm-81	286	2	,	,	PUNCT
arjefm-81	286	3	the	the	DET
arjefm-81	286	4	mcon	mcon	NOUN
arjefm-81	286	5	granger	granger	PROPN
arjefm-81	286	6	causes	cause	VERB
arjefm-81	286	7	the	the	DET
arjefm-81	286	8	roa	roa	NOUN
arjefm-81	286	9	,	,	PUNCT
arjefm-81	286	10	and	and	CCONJ
arjefm-81	286	11	the	the	DET
arjefm-81	286	12	infl	infl	PROPN
arjefm-81	286	13	granger	granger	PROPN
arjefm-81	286	14	causes	cause	VERB
arjefm-81	286	15	the	the	DET
arjefm-81	286	16	nim	nim	PROPN
arjefm-81	286	17	(	(	PUNCT
arjefm-81	286	18	table	table	NOUN
arjefm-81	286	19	6	6	NUM
arjefm-81	286	20	)	)	PUNCT
arjefm-81	286	21	.	.	PUNCT
arjefm-81	287	1	in	in	ADP
arjefm-81	287	2	order	order	NOUN
arjefm-81	287	3	to	to	PART
arjefm-81	287	4	address	address	VERB
arjefm-81	287	5	the	the	DET
arjefm-81	287	6	problem	problem	NOUN
arjefm-81	287	7	of	of	ADP
arjefm-81	287	8	endogeneity	endogeneity	NOUN
arjefm-81	287	9	as	as	SCONJ
arjefm-81	287	10	identified	identify	VERB
arjefm-81	287	11	in	in	ADP
arjefm-81	287	12	the	the	DET
arjefm-81	287	13	results	result	NOUN
arjefm-81	287	14	of	of	ADP
arjefm-81	287	15	granger	granger	PROPN
arjefm-81	287	16	causality	causality	PROPN
arjefm-81	287	17	test	test	NOUN
arjefm-81	287	18	,	,	PUNCT
arjefm-81	287	19	the	the	DET
arjefm-81	287	20	study	study	NOUN
arjefm-81	287	21	also	also	ADV
arjefm-81	287	22	includes	include	VERB
arjefm-81	287	23	the	the	DET
arjefm-81	287	24	generalized	generalized	ADJ
arjefm-81	287	25	method	method	NOUN
arjefm-81	287	26	of	of	ADP
arjefm-81	287	27	moments	moment	NOUN
arjefm-81	287	28	(	(	PUNCT
arjefm-81	287	29	gmm	gmm	NOUN
arjefm-81	287	30	)	)	PUNCT
arjefm-81	287	31	among	among	ADP
arjefm-81	287	32	its	its	PRON
arjefm-81	287	33	estimation	estimation	NOUN
arjefm-81	287	34	techniques	technique	NOUN
arjefm-81	287	35	as	as	SCONJ
arjefm-81	287	36	suggested	suggest	VERB
arjefm-81	287	37	in	in	ADP
arjefm-81	287	38	flamini	flamini	PROPN
arjefm-81	287	39	et	et	NOUN
arjefm-81	287	40	al.[12	al.[12	PROPN
arjefm-81	287	41	]	]	PUNCT
arjefm-81	287	42	.	.	PUNCT
arjefm-81	288	1	table	table	NOUN
arjefm-81	288	2	7	7	NUM
arjefm-81	288	3	displays	display	VERB
arjefm-81	288	4	the	the	DET
arjefm-81	288	5	outcomes	outcome	NOUN
arjefm-81	288	6	of	of	ADP
arjefm-81	288	7	the	the	DET
arjefm-81	288	8	panel	panel	NOUN
arjefm-81	288	9	cointegration	cointegration	NOUN
arjefm-81	288	10	test	test	NOUN
arjefm-81	288	11	using	use	VERB
arjefm-81	288	12	the	the	DET
arjefm-81	288	13	kao	kao	NOUN
arjefm-81	288	14	and	and	CCONJ
arjefm-81	288	15	the	the	DET
arjefm-81	288	16	pedroni	pedroni	NOUN
arjefm-81	288	17	approaches	approach	NOUN
arjefm-81	288	18	.	.	PUNCT
arjefm-81	289	1	based	base	VERB
arjefm-81	289	2	on	on	ADP
arjefm-81	289	3	the	the	DET
arjefm-81	289	4	kao	kao	PROPN
arjefm-81	289	5	residual	residual	ADJ
arjefm-81	289	6	cointegration	cointegration	NOUN
arjefm-81	289	7	test	test	NOUN
arjefm-81	289	8	,	,	PUNCT
arjefm-81	289	9	the	the	DET
arjefm-81	289	10	result	result	NOUN
arjefm-81	289	11	reveals	reveal	VERB
arjefm-81	289	12	evidence	evidence	NOUN
arjefm-81	289	13	of	of	ADP
arjefm-81	289	14	cointegration	cointegration	NOUN
arjefm-81	289	15	among	among	ADP
arjefm-81	289	16	the	the	DET
arjefm-81	289	17	series	series	NOUN
arjefm-81	289	18	with	with	ADP
arjefm-81	289	19	the	the	DET
arjefm-81	289	20	inclusion	inclusion	NOUN
arjefm-81	289	21	of	of	ADP
arjefm-81	289	22	the	the	DET
arjefm-81	289	23	lris	lris	NOUN
arjefm-81	289	24	.	.	PUNCT
arjefm-81	290	1	however	however	ADV
arjefm-81	290	2	,	,	PUNCT
arjefm-81	290	3	the	the	DET
arjefm-81	290	4	pedroni	pedroni	NOUN
arjefm-81	290	5	result	result	VERB
arjefm-81	290	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	290	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	290	8	american	american	PROPN
arjefm-81	290	9	research	research	PROPN
arjefm-81	290	10	journal	journal	PROPN
arjefm-81	290	11	of	of	ADP
arjefm-81	290	12	economics	economic	NOUN
arjefm-81	290	13	,	,	PUNCT
arjefm-81	290	14	finance	finance	NOUN
arjefm-81	290	15	and	and	CCONJ
arjefm-81	290	16	management	management	NOUN
arjefm-81	290	17	volume	volume	NOUN
arjefm-81	290	18	11	11	NUM
arjefm-81	290	19	issue	issue	NOUN
arjefm-81	290	20	2	2	NUM
arjefm-81	290	21	,	,	PUNCT
arjefm-81	290	22	april	april	PROPN
arjefm-81	290	23	-	-	PUNCT
arjefm-81	290	24	june	june	PROPN
arjefm-81	290	25	2023	2023	NUM
arjefm-81	290	26	issn	issn	PROPN
arjefm-81	290	27	:	:	PUNCT
arjefm-81	290	28	2836	2836	NUM
arjefm-81	290	29	-	-	SYM
arjefm-81	290	30	9416	9416	NUM
arjefm-81	290	31	impact	impact	NOUN
arjefm-81	290	32	factor	factor	NOUN
arjefm-81	290	33	:	:	PUNCT
arjefm-81	290	34	5.57	5.57	NUM
arjefm-81	290	35	journal	journal	NOUN
arjefm-81	290	36	homepage	homepage	NOUN
arjefm-81	290	37	:	:	PUNCT
arjefm-81	290	38	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	290	39	,	,	PUNCT
arjefm-81	290	40	email	email	NOUN
arjefm-81	290	41	:	:	PUNCT
arjefm-81	290	42	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	290	43	official	official	ADJ
arjefm-81	290	44	journal	journal	PROPN
arjefm-81	290	45	of	of	ADP
arjefm-81	290	46	america	america	PROPN
arjefm-81	290	47	serial	serial	PROPN
arjefm-81	290	48	publication	publication	NOUN
arjefm-81	290	49	american	american	PROPN
arjefm-81	290	50	research	research	PROPN
arjefm-81	290	51	journal	journal	PROPN
arjefm-81	290	52	of	of	ADP
arjefm-81	290	53	economics	economic	NOUN
arjefm-81	290	54	,	,	PUNCT
arjefm-81	290	55	finance	finance	NOUN
arjefm-81	290	56	and	and	CCONJ
arjefm-81	290	57	management	management	NOUN
arjefm-81	290	58	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	290	59	,	,	PUNCT
arjefm-81	290	60	email	email	NOUN
arjefm-81	290	61	:	:	PUNCT
arjefm-81	290	62	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	291	1	51	51	NUM
arjefm-81	292	1	|	|	ADV
arjefm-81	292	2	p	p	ADP
arjefm-81	292	3	a	a	DET
arjefm-81	292	4	g	g	NOUN
arjefm-81	292	5	e	e	NOUN
arjefm-81	292	6	indicates	indicate	VERB
arjefm-81	292	7	no	no	DET
arjefm-81	292	8	cointegration	cointegration	NOUN
arjefm-81	292	9	among	among	ADP
arjefm-81	292	10	the	the	DET
arjefm-81	292	11	selected	select	VERB
arjefm-81	292	12	series	series	NOUN
arjefm-81	292	13	in	in	ADP
arjefm-81	292	14	line	line	NOUN
arjefm-81	292	15	with	with	ADP
arjefm-81	292	16	the	the	DET
arjefm-81	292	17	granger	granger	PROPN
arjefm-81	292	18	causality	causality	NOUN
arjefm-81	292	19	output	output	NOUN
arjefm-81	292	20	.	.	PUNCT
arjefm-81	293	1	therefore	therefore	ADV
arjefm-81	293	2	,	,	PUNCT
arjefm-81	293	3	the	the	DET
arjefm-81	293	4	study	study	NOUN
arjefm-81	293	5	utilizes	utilize	VERB
arjefm-81	293	6	both	both	DET
arjefm-81	293	7	ols	ol	NOUN
arjefm-81	293	8	and	and	CCONJ
arjefm-81	293	9	gmm	gmm	PROPN
arjefm-81	293	10	estimation	estimation	NOUN
arjefm-81	293	11	techniques	technique	NOUN
arjefm-81	293	12	to	to	PART
arjefm-81	293	13	test	test	VERB
arjefm-81	293	14	the	the	DET
arjefm-81	293	15	hypothesis	hypothesis	NOUN
arjefm-81	293	16	of	of	ADP
arjefm-81	293	17	the	the	DET
arjefm-81	293	18	influence	influence	NOUN
arjefm-81	293	19	of	of	ADP
arjefm-81	293	20	relative	relative	ADJ
arjefm-81	293	21	market	market	NOUN
arjefm-81	293	22	power	power	NOUN
arjefm-81	293	23	on	on	ADP
arjefm-81	293	24	banks	bank	NOUN
arjefm-81	293	25	’	'	PUNCT
arjefm-81	293	26	performance	performance	NOUN
arjefm-81	293	27	in	in	ADP
arjefm-81	293	28	nigeria	nigeria	PROPN
arjefm-81	293	29	.	.	PUNCT
arjefm-81	294	1	table	table	NOUN
arjefm-81	294	2	8	8	NUM
arjefm-81	294	3	shows	show	VERB
arjefm-81	294	4	the	the	DET
arjefm-81	294	5	result	result	NOUN
arjefm-81	294	6	of	of	ADP
arjefm-81	294	7	the	the	DET
arjefm-81	294	8	estimated	estimate	VERB
arjefm-81	294	9	equation	equation	NOUN
arjefm-81	294	10	1	1	NUM
arjefm-81	294	11	.	.	PUNCT
arjefm-81	295	1	the	the	DET
arjefm-81	295	2	study	study	NOUN
arjefm-81	295	3	reveals	reveal	VERB
arjefm-81	295	4	the	the	DET
arjefm-81	295	5	regression	regression	NOUN
arjefm-81	295	6	results	result	VERB
arjefm-81	295	7	with	with	ADP
arjefm-81	295	8	a	a	DET
arjefm-81	295	9	statistical	statistical	ADJ
arjefm-81	295	10	significance	significance	NOUN
arjefm-81	295	11	level	level	NOUN
arjefm-81	295	12	of	of	ADP
arjefm-81	295	13	5	5	NUM
arjefm-81	295	14	percent	percent	NOUN
arjefm-81	295	15	in	in	ADP
arjefm-81	295	16	relation	relation	NOUN
arjefm-81	295	17	to	to	ADP
arjefm-81	295	18	the	the	DET
arjefm-81	295	19	hypothesis	hypothesis	NOUN
arjefm-81	295	20	.	.	PUNCT
arjefm-81	296	1	the	the	DET
arjefm-81	296	2	details	detail	NOUN
arjefm-81	296	3	of	of	ADP
arjefm-81	296	4	results	result	NOUN
arjefm-81	296	5	are	be	AUX
arjefm-81	296	6	as	as	SCONJ
arjefm-81	296	7	follows	follow	VERB
arjefm-81	296	8	:	:	PUNCT
arjefm-81	296	9	5.1	5.1	NUM
arjefm-81	296	10	regression	regression	NOUN
arjefm-81	296	11	results	result	NOUN
arjefm-81	296	12	with	with	ADP
arjefm-81	296	13	roa	roa	NOUN
arjefm-81	296	14	as	as	ADP
arjefm-81	296	15	a	a	DET
arjefm-81	296	16	dependent	dependent	ADJ
arjefm-81	296	17	variable	variable	NOUN
arjefm-81	296	18	commencing	commencing	NOUN
arjefm-81	296	19	with	with	ADP
arjefm-81	296	20	the	the	DET
arjefm-81	296	21	fixed	fix	VERB
arjefm-81	296	22	effect	effect	NOUN
arjefm-81	296	23	model	model	NOUN
arjefm-81	296	24	,	,	PUNCT
arjefm-81	296	25	the	the	DET
arjefm-81	296	26	market	market	NOUN
arjefm-81	296	27	concentration	concentration	NOUN
arjefm-81	296	28	negatively	negatively	ADV
arjefm-81	296	29	influences	influence	VERB
arjefm-81	296	30	the	the	DET
arjefm-81	296	31	level	level	NOUN
arjefm-81	296	32	of	of	ADP
arjefm-81	296	33	profitability	profitability	NOUN
arjefm-81	296	34	in	in	ADP
arjefm-81	296	35	nigeria	nigeria	PROPN
arjefm-81	296	36	’s	’s	PART
arjefm-81	296	37	commercial	commercial	ADJ
arjefm-81	296	38	banks	bank	NOUN
arjefm-81	296	39	but	but	CCONJ
arjefm-81	296	40	the	the	DET
arjefm-81	296	41	statistical	statistical	ADJ
arjefm-81	296	42	significance	significance	NOUN
arjefm-81	296	43	of	of	ADP
arjefm-81	296	44	the	the	DET
arjefm-81	296	45	impact	impact	NOUN
arjefm-81	296	46	is	be	AUX
arjefm-81	296	47	nil	nil	ADJ
arjefm-81	296	48	.	.	PUNCT
arjefm-81	297	1	in	in	ADP
arjefm-81	297	2	addition	addition	NOUN
arjefm-81	297	3	,	,	PUNCT
arjefm-81	297	4	both	both	PRON
arjefm-81	297	5	credit	credit	NOUN
arjefm-81	297	6	risk	risk	NOUN
arjefm-81	297	7	and	and	CCONJ
arjefm-81	297	8	capital	capital	NOUN
arjefm-81	297	9	adequacy	adequacy	NOUN
arjefm-81	297	10	have	have	VERB
arjefm-81	297	11	a	a	DET
arjefm-81	297	12	significant	significant	ADJ
arjefm-81	297	13	and	and	CCONJ
arjefm-81	297	14	negative	negative	ADJ
arjefm-81	297	15	impact	impact	NOUN
arjefm-81	297	16	on	on	ADP
arjefm-81	297	17	the	the	DET
arjefm-81	297	18	bank	bank	NOUN
arjefm-81	297	19	performance	performance	NOUN
arjefm-81	297	20	in	in	ADP
arjefm-81	297	21	the	the	DET
arjefm-81	297	22	country	country	NOUN
arjefm-81	297	23	even	even	ADV
arjefm-81	297	24	at	at	ADP
arjefm-81	297	25	1	1	NUM
arjefm-81	297	26	percent	percent	NOUN
arjefm-81	297	27	level	level	NOUN
arjefm-81	297	28	of	of	ADP
arjefm-81	297	29	significance	significance	NOUN
arjefm-81	297	30	.	.	PUNCT
arjefm-81	298	1	however	however	ADV
arjefm-81	298	2	,	,	PUNCT
arjefm-81	298	3	the	the	DET
arjefm-81	298	4	efficiency	efficiency	NOUN
arjefm-81	298	5	ratio	ratio	NOUN
arjefm-81	298	6	significantly	significantly	ADV
arjefm-81	298	7	and	and	CCONJ
arjefm-81	298	8	positively	positively	ADV
arjefm-81	298	9	affects	affect	VERB
arjefm-81	298	10	the	the	DET
arjefm-81	298	11	banks	bank	NOUN
arjefm-81	298	12	‘	'	PUNCT
arjefm-81	298	13	profitability	profitability	NOUN
arjefm-81	298	14	.	.	PUNCT
arjefm-81	299	1	the	the	DET
arjefm-81	299	2	credit	credit	NOUN
arjefm-81	299	3	risk	risk	NOUN
arjefm-81	299	4	exhibits	exhibit	VERB
arjefm-81	299	5	a	a	DET
arjefm-81	299	6	higher	high	ADJ
arjefm-81	299	7	relative	relative	ADJ
arjefm-81	299	8	impact	impact	NOUN
arjefm-81	299	9	with	with	ADP
arjefm-81	299	10	a	a	DET
arjefm-81	299	11	coefficient	coefficient	NOUN
arjefm-81	299	12	of	of	ADP
arjefm-81	299	13	-0.51	-0.51	NOUN
arjefm-81	299	14	.	.	PUNCT
arjefm-81	300	1	this	this	PRON
arjefm-81	300	2	implies	imply	VERB
arjefm-81	300	3	that	that	SCONJ
arjefm-81	300	4	a	a	DET
arjefm-81	300	5	unit	unit	NOUN
arjefm-81	300	6	increase	increase	NOUN
arjefm-81	300	7	in	in	ADP
arjefm-81	300	8	the	the	DET
arjefm-81	300	9	level	level	NOUN
arjefm-81	300	10	of	of	ADP
arjefm-81	300	11	credit	credit	NOUN
arjefm-81	300	12	risk	risk	NOUN
arjefm-81	300	13	will	will	AUX
arjefm-81	300	14	reduce	reduce	VERB
arjefm-81	300	15	the	the	DET
arjefm-81	300	16	bank	bank	NOUN
arjefm-81	300	17	performance	performance	NOUN
arjefm-81	300	18	by	by	ADP
arjefm-81	300	19	about	about	ADV
arjefm-81	300	20	0.51	0.51	NUM
arjefm-81	300	21	percentage	percentage	NOUN
arjefm-81	300	22	on	on	ADP
arjefm-81	300	23	average	average	ADJ
arjefm-81	300	24	holding	hold	VERB
arjefm-81	300	25	other	other	ADJ
arjefm-81	300	26	factors	factor	NOUN
arjefm-81	300	27	being	be	AUX
arjefm-81	300	28	constant	constant	ADJ
arjefm-81	300	29	.	.	PUNCT
arjefm-81	301	1	similarly	similarly	ADV
arjefm-81	301	2	,	,	PUNCT
arjefm-81	301	3	both	both	DET
arjefm-81	301	4	random	random	ADJ
arjefm-81	301	5	effect	effect	NOUN
arjefm-81	301	6	model	model	NOUN
arjefm-81	301	7	and	and	CCONJ
arjefm-81	301	8	pooled	pool	VERB
arjefm-81	301	9	regression	regression	NOUN
arjefm-81	301	10	model	model	NOUN
arjefm-81	301	11	reveal	reveal	VERB
arjefm-81	301	12	the	the	DET
arjefm-81	301	13	same	same	ADJ
arjefm-81	301	14	outcomes	outcome	NOUN
arjefm-81	301	15	as	as	ADP
arjefm-81	301	16	in	in	ADP
arjefm-81	301	17	the	the	DET
arjefm-81	301	18	fixed	fixed	ADJ
arjefm-81	301	19	effect	effect	NOUN
arjefm-81	301	20	model	model	NOUN
arjefm-81	301	21	except	except	SCONJ
arjefm-81	301	22	that	that	SCONJ
arjefm-81	301	23	market	market	NOUN
arjefm-81	301	24	concentration	concentration	NOUN
arjefm-81	301	25	exhibits	exhibit	VERB
arjefm-81	301	26	a	a	DET
arjefm-81	301	27	positive	positive	ADJ
arjefm-81	301	28	and	and	CCONJ
arjefm-81	301	29	insignificant	insignificant	ADJ
arjefm-81	301	30	effect	effect	NOUN
arjefm-81	301	31	on	on	ADP
arjefm-81	301	32	the	the	DET
arjefm-81	301	33	level	level	NOUN
arjefm-81	301	34	of	of	ADP
arjefm-81	301	35	profitability	profitability	NOUN
arjefm-81	301	36	.	.	PUNCT
arjefm-81	302	1	this	this	PRON
arjefm-81	302	2	is	be	AUX
arjefm-81	302	3	in	in	ADP
arjefm-81	302	4	line	line	NOUN
arjefm-81	302	5	with	with	ADP
arjefm-81	302	6	the	the	DET
arjefm-81	302	7	results	result	NOUN
arjefm-81	302	8	of	of	ADP
arjefm-81	302	9	pasiouras	pasioura	NOUN
arjefm-81	302	10	and	and	CCONJ
arjefm-81	302	11	kosmidou	kosmidou	PROPN
arjefm-81	302	12	[	[	X
arjefm-81	302	13	25	25	NUM
arjefm-81	302	14	]	]	PUNCT
arjefm-81	302	15	.	.	PUNCT
arjefm-81	303	1	5.2	5.2	NUM
arjefm-81	303	2	regression	regression	NOUN
arjefm-81	303	3	results	result	NOUN
arjefm-81	303	4	with	with	ADP
arjefm-81	303	5	roe	roe	PROPN
arjefm-81	303	6	as	as	ADP
arjefm-81	303	7	a	a	DET
arjefm-81	303	8	dependent	dependent	ADJ
arjefm-81	303	9	variable	variable	NOUN
arjefm-81	303	10	for	for	ADP
arjefm-81	303	11	the	the	DET
arjefm-81	303	12	fixed	fix	VERB
arjefm-81	303	13	model	model	NOUN
arjefm-81	303	14	,	,	PUNCT
arjefm-81	303	15	none	none	NOUN
arjefm-81	303	16	of	of	ADP
arjefm-81	303	17	the	the	DET
arjefm-81	303	18	explanatory	explanatory	ADJ
arjefm-81	303	19	variables	variable	NOUN
arjefm-81	303	20	has	have	VERB
arjefm-81	303	21	a	a	DET
arjefm-81	303	22	significant	significant	ADJ
arjefm-81	303	23	effect	effect	NOUN
arjefm-81	303	24	on	on	ADP
arjefm-81	303	25	the	the	DET
arjefm-81	303	26	level	level	NOUN
arjefm-81	303	27	of	of	ADP
arjefm-81	303	28	bank	bank	NOUN
arjefm-81	303	29	but	but	CCONJ
arjefm-81	303	30	the	the	DET
arjefm-81	303	31	market	market	NOUN
arjefm-81	303	32	concentration	concentration	NOUN
arjefm-81	303	33	and	and	CCONJ
arjefm-81	303	34	the	the	DET
arjefm-81	303	35	capital	capital	NOUN
arjefm-81	303	36	adequacy	adequacy	NOUN
arjefm-81	303	37	exhibit	exhibit	VERB
arjefm-81	303	38	a	a	DET
arjefm-81	303	39	negative	negative	ADJ
arjefm-81	303	40	sign	sign	NOUN
arjefm-81	303	41	.	.	PUNCT
arjefm-81	304	1	in	in	ADP
arjefm-81	304	2	the	the	DET
arjefm-81	304	3	random	random	ADJ
arjefm-81	304	4	effect	effect	NOUN
arjefm-81	304	5	and	and	CCONJ
arjefm-81	304	6	pooled	pool	VERB
arjefm-81	304	7	regression	regression	NOUN
arjefm-81	304	8	model	model	NOUN
arjefm-81	304	9	,	,	PUNCT
arjefm-81	304	10	only	only	ADV
arjefm-81	304	11	the	the	DET
arjefm-81	304	12	credit	credit	NOUN
arjefm-81	304	13	risk	risk	NOUN
arjefm-81	304	14	has	have	VERB
arjefm-81	304	15	a	a	DET
arjefm-81	304	16	significant	significant	ADJ
arjefm-81	304	17	and	and	CCONJ
arjefm-81	304	18	positive	positive	ADJ
arjefm-81	304	19	impact	impact	NOUN
arjefm-81	304	20	on	on	ADP
arjefm-81	304	21	the	the	DET
arjefm-81	304	22	bank	bank	NOUN
arjefm-81	304	23	performance	performance	NOUN
arjefm-81	304	24	with	with	ADP
arjefm-81	304	25	a	a	DET
arjefm-81	304	26	coefficient	coefficient	NOUN
arjefm-81	304	27	of	of	ADP
arjefm-81	304	28	2.51	2.51	NUM
arjefm-81	304	29	.	.	PUNCT
arjefm-81	305	1	djalilov	djalilov	VERB
arjefm-81	305	2	and	and	CCONJ
arjefm-81	305	3	piesse	piesse	NOUN
arjefm-81	305	4	[	[	X
arjefm-81	305	5	10	10	NUM
arjefm-81	305	6	]	]	PUNCT
arjefm-81	305	7	and	and	CCONJ
arjefm-81	305	8	naceur	naceur	ADV
arjefm-81	305	9	and	and	CCONJ
arjefm-81	305	10	omran	omran	ADJ
arjefm-81	306	1	[	[	X
arjefm-81	306	2	22	22	NUM
arjefm-81	306	3	]	]	PUNCT
arjefm-81	306	4	also	also	ADV
arjefm-81	306	5	found	find	VERB
arjefm-81	306	6	the	the	DET
arjefm-81	306	7	significant	significant	ADJ
arjefm-81	306	8	influence	influence	NOUN
arjefm-81	306	9	of	of	ADP
arjefm-81	306	10	the	the	DET
arjefm-81	306	11	credit	credit	NOUN
arjefm-81	306	12	risk	risk	NOUN
arjefm-81	306	13	.	.	PUNCT
arjefm-81	307	1	5.3	5.3	NUM
arjefm-81	307	2	regression	regression	NOUN
arjefm-81	307	3	results	result	NOUN
arjefm-81	307	4	with	with	ADP
arjefm-81	307	5	nim	nim	PROPN
arjefm-81	307	6	as	as	ADP
arjefm-81	307	7	a	a	DET
arjefm-81	307	8	dependent	dependent	ADJ
arjefm-81	307	9	variable	variable	NOUN
arjefm-81	307	10	the	the	DET
arjefm-81	307	11	results	result	NOUN
arjefm-81	307	12	of	of	ADP
arjefm-81	307	13	models	model	NOUN
arjefm-81	307	14	where	where	SCONJ
arjefm-81	307	15	net	net	ADJ
arjefm-81	307	16	interest	interest	NOUN
arjefm-81	307	17	margin	margin	NOUN
arjefm-81	307	18	is	be	AUX
arjefm-81	307	19	used	use	VERB
arjefm-81	307	20	as	as	ADP
arjefm-81	307	21	the	the	DET
arjefm-81	307	22	measure	measure	NOUN
arjefm-81	307	23	of	of	ADP
arjefm-81	307	24	banks	bank	NOUN
arjefm-81	307	25	‘	'	PUNCT
arjefm-81	307	26	profitability	profitability	NOUN
arjefm-81	307	27	indicate	indicate	VERB
arjefm-81	307	28	that	that	SCONJ
arjefm-81	307	29	only	only	ADJ
arjefm-81	307	30	efficiency	efficiency	NOUN
arjefm-81	307	31	ratio	ratio	NOUN
arjefm-81	307	32	significantly	significantly	ADV
arjefm-81	307	33	and	and	CCONJ
arjefm-81	307	34	positively	positively	ADV
arjefm-81	307	35	determine	determine	VERB
arjefm-81	307	36	the	the	DET
arjefm-81	307	37	level	level	NOUN
arjefm-81	307	38	of	of	ADP
arjefm-81	307	39	profitability	profitability	NOUN
arjefm-81	307	40	in	in	ADP
arjefm-81	307	41	commercial	commercial	ADJ
arjefm-81	307	42	banks	bank	NOUN
arjefm-81	307	43	,	,	PUNCT
arjefm-81	307	44	with	with	ADP
arjefm-81	307	45	a	a	DET
arjefm-81	307	46	coefficient	coefficient	NOUN
arjefm-81	307	47	of	of	ADP
arjefm-81	307	48	about	about	ADV
arjefm-81	307	49	0.39	0.39	NUM
arjefm-81	307	50	.	.	PUNCT
arjefm-81	308	1	this	this	PRON
arjefm-81	308	2	is	be	AUX
arjefm-81	308	3	in	in	ADP
arjefm-81	308	4	line	line	NOUN
arjefm-81	308	5	with	with	ADP
arjefm-81	308	6	the	the	DET
arjefm-81	308	7	findings	finding	NOUN
arjefm-81	308	8	of	of	ADP
arjefm-81	308	9	antonio	antonio	PROPN
arjefm-81	308	10	(	(	PUNCT
arjefm-81	308	11	2013	2013	NUM
arjefm-81	308	12	)	)	PUNCT
arjefm-81	308	13	for	for	ADP
arjefm-81	308	14	spain	spain	PROPN
arjefm-81	308	15	.	.	PUNCT
arjefm-81	309	1	however	however	ADV
arjefm-81	309	2	,	,	PUNCT
arjefm-81	309	3	the	the	DET
arjefm-81	309	4	market	market	NOUN
arjefm-81	309	5	concentration	concentration	NOUN
arjefm-81	309	6	has	have	VERB
arjefm-81	309	7	a	a	DET
arjefm-81	309	8	negative	negative	ADJ
arjefm-81	309	9	and	and	CCONJ
arjefm-81	309	10	statistically	statistically	ADV
arjefm-81	309	11	insignificant	insignificant	ADJ
arjefm-81	309	12	effect	effect	NOUN
arjefm-81	309	13	on	on	ADP
arjefm-81	309	14	bank	bank	NOUN
arjefm-81	309	15	performance	performance	NOUN
arjefm-81	309	16	with	with	ADP
arjefm-81	309	17	a	a	DET
arjefm-81	309	18	coefficient	coefficient	NOUN
arjefm-81	309	19	of	of	ADP
arjefm-81	309	20	-26.28	-26.28	PUNCT
arjefm-81	309	21	and	and	CCONJ
arjefm-81	309	22	-31.68	-31.68	PROPN
arjefm-81	309	23	respectively	respectively	ADV
arjefm-81	309	24	.	.	PUNCT
arjefm-81	310	1	5.4	5.4	NUM
arjefm-81	310	2	testing	testing	NOUN
arjefm-81	310	3	for	for	ADP
arjefm-81	310	4	the	the	DET
arjefm-81	310	5	appropriate	appropriate	ADJ
arjefm-81	310	6	model	model	NOUN
arjefm-81	310	7	as	as	SCONJ
arjefm-81	310	8	presented	present	VERB
arjefm-81	310	9	in	in	ADP
arjefm-81	310	10	table	table	NOUN
arjefm-81	310	11	9	9	NUM
arjefm-81	310	12	below	below	ADV
arjefm-81	310	13	,	,	PUNCT
arjefm-81	310	14	the	the	DET
arjefm-81	310	15	result	result	NOUN
arjefm-81	310	16	of	of	ADP
arjefm-81	310	17	hausman	hausman	ADJ
arjefm-81	310	18	test	test	NOUN
arjefm-81	310	19	reveals	reveal	VERB
arjefm-81	310	20	that	that	SCONJ
arjefm-81	310	21	the	the	DET
arjefm-81	310	22	fixed	fix	VERB
arjefm-81	310	23	effect	effect	NOUN
arjefm-81	310	24	model	model	NOUN
arjefm-81	310	25	is	be	AUX
arjefm-81	310	26	appropriate	appropriate	ADJ
arjefm-81	310	27	for	for	ADP
arjefm-81	310	28	roa	roa	PROPN
arjefm-81	310	29	and	and	CCONJ
arjefm-81	310	30	roe	roe	NOUN
arjefm-81	310	31	models	model	NOUN
arjefm-81	310	32	while	while	SCONJ
arjefm-81	310	33	random	random	ADJ
arjefm-81	310	34	effect	effect	NOUN
arjefm-81	310	35	model	model	NOUN
arjefm-81	310	36	is	be	AUX
arjefm-81	310	37	considered	consider	VERB
arjefm-81	310	38	as	as	ADP
arjefm-81	310	39	the	the	DET
arjefm-81	310	40	appropriate	appropriate	ADJ
arjefm-81	310	41	model	model	NOUN
arjefm-81	310	42	for	for	ADP
arjefm-81	310	43	nim	nim	PROPN
arjefm-81	310	44	.	.	PROPN
arjefm-81	310	45	based	base	VERB
arjefm-81	310	46	on	on	ADP
arjefm-81	310	47	this	this	PRON
arjefm-81	310	48	,	,	PUNCT
arjefm-81	310	49	the	the	DET
arjefm-81	310	50	model	model	NOUN
arjefm-81	310	51	for	for	ADP
arjefm-81	310	52	roa	roa	PROPN
arjefm-81	310	53	and	and	CCONJ
arjefm-81	310	54	roe	roe	PROPN
arjefm-81	310	55	is	be	AUX
arjefm-81	310	56	subjected	subject	VERB
arjefm-81	310	57	to	to	ADP
arjefm-81	310	58	wald	wald	NOUN
arjefm-81	310	59	test	test	NOUN
arjefm-81	310	60	to	to	PART
arjefm-81	310	61	determine	determine	VERB
arjefm-81	310	62	the	the	DET
arjefm-81	310	63	appropriate	appropriate	ADJ
arjefm-81	310	64	model	model	NOUN
arjefm-81	310	65	between	between	ADP
arjefm-81	310	66	fixed	fix	VERB
arjefm-81	310	67	effect	effect	NOUN
arjefm-81	310	68	and	and	CCONJ
arjefm-81	310	69	pooled	pool	VERB
arjefm-81	310	70	regression	regression	NOUN
arjefm-81	310	71	models	model	NOUN
arjefm-81	310	72	,	,	PUNCT
arjefm-81	310	73	the	the	DET
arjefm-81	310	74	outcome	outcome	NOUN
arjefm-81	310	75	shows	show	VERB
arjefm-81	310	76	that	that	PRON
arjefm-81	310	77	pooled	pool	VERB
arjefm-81	310	78	regression	regression	NOUN
arjefm-81	310	79	model	model	NOUN
arjefm-81	310	80	is	be	AUX
arjefm-81	310	81	appropriate	appropriate	ADJ
arjefm-81	310	82	for	for	ADP
arjefm-81	310	83	both	both	DET
arjefm-81	310	84	roa	roa	PROPN
arjefm-81	310	85	model	model	NOUN
arjefm-81	310	86	and	and	CCONJ
arjefm-81	310	87	roe	roe	PROPN
arjefm-81	310	88	model	model	NOUN
arjefm-81	310	89	(	(	PUNCT
arjefm-81	310	90	see	see	VERB
arjefm-81	310	91	table	table	NOUN
arjefm-81	310	92	10	10	NUM
arjefm-81	310	93	)	)	PUNCT
arjefm-81	310	94	.	.	PUNCT
arjefm-81	311	1	5.5	5.5	NUM
arjefm-81	311	2	results	result	NOUN
arjefm-81	311	3	of	of	ADP
arjefm-81	311	4	gmm	gmm	PROPN
arjefm-81	311	5	dynamic	dynamic	ADJ
arjefm-81	311	6	panel	panel	NOUN
arjefm-81	311	7	estimates	estimate	VERB
arjefm-81	311	8	for	for	ADP
arjefm-81	311	9	the	the	DET
arjefm-81	311	10	sub	sub	ADJ
arjefm-81	311	11	-	-	ADJ
arjefm-81	311	12	sample	sample	ADJ
arjefm-81	311	13	period	period	NOUN
arjefm-81	311	14	2005	2005	NUM
arjefm-81	311	15	-	-	SYM
arjefm-81	311	16	2015	2015	NUM
arjefm-81	311	17	in	in	ADP
arjefm-81	311	18	the	the	DET
arjefm-81	311	19	roa	roa	PROPN
arjefm-81	311	20	model	model	NOUN
arjefm-81	311	21	,	,	PUNCT
arjefm-81	311	22	the	the	DET
arjefm-81	311	23	efficiency	efficiency	NOUN
arjefm-81	311	24	ratio	ratio	NOUN
arjefm-81	311	25	,	,	PUNCT
arjefm-81	311	26	the	the	DET
arjefm-81	311	27	credit	credit	NOUN
arjefm-81	311	28	risk	risk	NOUN
arjefm-81	311	29	,	,	PUNCT
arjefm-81	311	30	the	the	DET
arjefm-81	311	31	business	business	NOUN
arjefm-81	311	32	mix	mix	NOUN
arjefm-81	311	33	indicator	indicator	NOUN
arjefm-81	311	34	and	and	CCONJ
arjefm-81	311	35	the	the	DET
arjefm-81	311	36	capital	capital	NOUN
arjefm-81	311	37	adequacy	adequacy	NOUN
arjefm-81	311	38	have	have	VERB
arjefm-81	311	39	a	a	DET
arjefm-81	311	40	significant	significant	ADJ
arjefm-81	311	41	influence	influence	NOUN
arjefm-81	311	42	on	on	ADP
arjefm-81	311	43	the	the	DET
arjefm-81	311	44	bank	bank	NOUN
arjefm-81	311	45	performance	performance	NOUN
arjefm-81	311	46	after	after	ADP
arjefm-81	311	47	bank	bank	NOUN
arjefm-81	311	48	capitalization	capitalization	NOUN
arjefm-81	311	49	in	in	ADP
arjefm-81	311	50	nigeria	nigeria	PROPN
arjefm-81	311	51	at	at	ADP
arjefm-81	311	52	5	5	NUM
arjefm-81	311	53	percent	percent	NOUN
arjefm-81	311	54	level	level	NOUN
arjefm-81	311	55	of	of	ADP
arjefm-81	311	56	significance	significance	NOUN
arjefm-81	311	57	.	.	PUNCT
arjefm-81	312	1	other	other	ADJ
arjefm-81	312	2	factors	factor	NOUN
arjefm-81	312	3	such	such	ADJ
arjefm-81	312	4	as	as	ADP
arjefm-81	312	5	one	one	NUM
arjefm-81	312	6	year	year	NOUN
arjefm-81	312	7	lag	lag	NOUN
arjefm-81	312	8	of	of	ADP
arjefm-81	312	9	returns	return	NOUN
arjefm-81	312	10	on	on	ADP
arjefm-81	312	11	assets	asset	NOUN
arjefm-81	312	12	,	,	PUNCT
arjefm-81	312	13	market	market	NOUN
arjefm-81	312	14	concentration	concentration	NOUN
arjefm-81	312	15	,	,	PUNCT
arjefm-81	312	16	economic	economic	ADJ
arjefm-81	312	17	growth	growth	NOUN
arjefm-81	312	18	,	,	PUNCT
arjefm-81	312	19	inflation	inflation	NOUN
arjefm-81	312	20	rate	rate	NOUN
arjefm-81	312	21	,	,	PUNCT
arjefm-81	312	22	and	and	CCONJ
arjefm-81	312	23	liquidity	liquidity	NOUN
arjefm-81	312	24	risk	risk	NOUN
arjefm-81	312	25	do	do	AUX
arjefm-81	312	26	not	not	PART
arjefm-81	312	27	significantly	significantly	ADV
arjefm-81	312	28	determine	determine	VERB
arjefm-81	312	29	the	the	DET
arjefm-81	312	30	level	level	NOUN
arjefm-81	312	31	of	of	ADP
arjefm-81	312	32	profitability	profitability	NOUN
arjefm-81	312	33	.	.	PUNCT
arjefm-81	313	1	however	however	ADV
arjefm-81	313	2	,	,	PUNCT
arjefm-81	313	3	only	only	ADV
arjefm-81	313	4	the	the	DET
arjefm-81	313	5	business	business	NOUN
arjefm-81	313	6	mix	mix	NOUN
arjefm-81	313	7	indicator	indicator	NOUN
arjefm-81	313	8	exhibits	exhibit	VERB
arjefm-81	313	9	a	a	DET
arjefm-81	313	10	positive	positive	ADJ
arjefm-81	313	11	influence	influence	NOUN
arjefm-81	313	12	with	with	ADP
arjefm-81	313	13	a	a	DET
arjefm-81	313	14	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	313	15	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	313	16	american	american	PROPN
arjefm-81	313	17	research	research	PROPN
arjefm-81	313	18	journal	journal	PROPN
arjefm-81	313	19	of	of	ADP
arjefm-81	313	20	economics	economic	NOUN
arjefm-81	313	21	,	,	PUNCT
arjefm-81	313	22	finance	finance	NOUN
arjefm-81	313	23	and	and	CCONJ
arjefm-81	313	24	management	management	NOUN
arjefm-81	313	25	volume	volume	NOUN
arjefm-81	313	26	11	11	NUM
arjefm-81	313	27	issue	issue	NOUN
arjefm-81	313	28	2	2	NUM
arjefm-81	313	29	,	,	PUNCT
arjefm-81	313	30	april	april	PROPN
arjefm-81	313	31	-	-	PUNCT
arjefm-81	313	32	june	june	PROPN
arjefm-81	313	33	2023	2023	NUM
arjefm-81	313	34	issn	issn	PROPN
arjefm-81	313	35	:	:	PUNCT
arjefm-81	313	36	2836	2836	NUM
arjefm-81	313	37	-	-	SYM
arjefm-81	313	38	9416	9416	NUM
arjefm-81	313	39	impact	impact	NOUN
arjefm-81	313	40	factor	factor	NOUN
arjefm-81	313	41	:	:	PUNCT
arjefm-81	313	42	5.57	5.57	NUM
arjefm-81	313	43	journal	journal	NOUN
arjefm-81	313	44	homepage	homepage	NOUN
arjefm-81	313	45	:	:	PUNCT
arjefm-81	313	46	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	313	47	,	,	PUNCT
arjefm-81	313	48	email	email	NOUN
arjefm-81	313	49	:	:	PUNCT
arjefm-81	313	50	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	313	51	official	official	ADJ
arjefm-81	313	52	journal	journal	PROPN
arjefm-81	313	53	of	of	ADP
arjefm-81	313	54	america	america	PROPN
arjefm-81	313	55	serial	serial	PROPN
arjefm-81	313	56	publication	publication	NOUN
arjefm-81	313	57	american	american	PROPN
arjefm-81	313	58	research	research	PROPN
arjefm-81	313	59	journal	journal	PROPN
arjefm-81	313	60	of	of	ADP
arjefm-81	313	61	economics	economic	NOUN
arjefm-81	313	62	,	,	PUNCT
arjefm-81	313	63	finance	finance	NOUN
arjefm-81	313	64	and	and	CCONJ
arjefm-81	313	65	management	management	NOUN
arjefm-81	313	66	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	313	67	,	,	PUNCT
arjefm-81	313	68	email	email	NOUN
arjefm-81	313	69	:	:	PUNCT
arjefm-81	313	70	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	313	71	52	52	NUM
arjefm-81	314	1	|	|	ADV
arjefm-81	314	2	p	p	X
arjefm-81	314	3	a	a	DET
arjefm-81	314	4	g	g	NOUN
arjefm-81	314	5	e	e	NOUN
arjefm-81	314	6	coefficient	coefficient	NOUN
arjefm-81	314	7	of	of	ADP
arjefm-81	314	8	0.0149	0.0149	NUM
arjefm-81	314	9	while	while	SCONJ
arjefm-81	314	10	the	the	DET
arjefm-81	314	11	credit	credit	NOUN
arjefm-81	314	12	risk	risk	NOUN
arjefm-81	314	13	has	have	VERB
arjefm-81	314	14	the	the	DET
arjefm-81	314	15	highest	high	ADJ
arjefm-81	314	16	significant	significant	ADJ
arjefm-81	314	17	coefficient	coefficient	NOUN
arjefm-81	314	18	of	of	ADP
arjefm-81	314	19	-0.5423	-0.5423	NOUN
arjefm-81	314	20	(	(	PUNCT
arjefm-81	314	21	see	see	VERB
arjefm-81	314	22	table	table	NOUN
arjefm-81	314	23	11	11	NUM
arjefm-81	314	24	)	)	PUNCT
arjefm-81	314	25	.	.	PUNCT
arjefm-81	315	1	for	for	ADP
arjefm-81	315	2	the	the	DET
arjefm-81	315	3	case	case	NOUN
arjefm-81	315	4	of	of	ADP
arjefm-81	315	5	the	the	DET
arjefm-81	315	6	roe	roe	PROPN
arjefm-81	315	7	model	model	NOUN
arjefm-81	315	8	,	,	PUNCT
arjefm-81	315	9	all	all	DET
arjefm-81	315	10	action	action	NOUN
arjefm-81	315	11	variables	variable	NOUN
arjefm-81	315	12	except	except	SCONJ
arjefm-81	315	13	the	the	DET
arjefm-81	315	14	efficiency	efficiency	NOUN
arjefm-81	315	15	ratio	ratio	NOUN
arjefm-81	315	16	have	have	VERB
arjefm-81	315	17	no	no	DET
arjefm-81	315	18	significant	significant	ADJ
arjefm-81	315	19	influence	influence	NOUN
arjefm-81	315	20	on	on	ADP
arjefm-81	315	21	the	the	DET
arjefm-81	315	22	bank	bank	NOUN
arjefm-81	315	23	performance	performance	NOUN
arjefm-81	315	24	after	after	ADP
arjefm-81	315	25	bank	bank	NOUN
arjefm-81	315	26	capitalization	capitalization	NOUN
arjefm-81	315	27	in	in	ADP
arjefm-81	315	28	nigeria	nigeria	PROPN
arjefm-81	315	29	at	at	ADP
arjefm-81	315	30	5	5	NUM
arjefm-81	315	31	percent	percent	NOUN
arjefm-81	315	32	level	level	NOUN
arjefm-81	315	33	of	of	ADP
arjefm-81	315	34	significance	significance	NOUN
arjefm-81	315	35	.	.	PUNCT
arjefm-81	316	1	efficiency	efficiency	NOUN
arjefm-81	316	2	ratio	ratio	NOUN
arjefm-81	316	3	negatively	negatively	ADV
arjefm-81	316	4	and	and	CCONJ
arjefm-81	316	5	significantly	significantly	ADV
arjefm-81	316	6	affects	affect	VERB
arjefm-81	316	7	the	the	DET
arjefm-81	316	8	level	level	NOUN
arjefm-81	316	9	of	of	ADP
arjefm-81	316	10	profitability	profitability	NOUN
arjefm-81	316	11	.	.	PUNCT
arjefm-81	317	1	however	however	ADV
arjefm-81	317	2	,	,	PUNCT
arjefm-81	317	3	the	the	DET
arjefm-81	317	4	highest	high	ADJ
arjefm-81	317	5	impact	impact	NOUN
arjefm-81	317	6	on	on	ADP
arjefm-81	317	7	the	the	DET
arjefm-81	317	8	level	level	NOUN
arjefm-81	317	9	of	of	ADP
arjefm-81	317	10	profitability	profitability	NOUN
arjefm-81	317	11	comes	come	VERB
arjefm-81	317	12	from	from	ADP
arjefm-81	317	13	the	the	DET
arjefm-81	317	14	capital	capital	NOUN
arjefm-81	317	15	adequacy	adequacy	NOUN
arjefm-81	317	16	with	with	ADP
arjefm-81	317	17	a	a	DET
arjefm-81	317	18	coefficient	coefficient	NOUN
arjefm-81	317	19	of	of	ADP
arjefm-81	317	20	-4.2238	-4.2238	NOUN
arjefm-81	317	21	,	,	PUNCT
arjefm-81	317	22	with	with	ADP
arjefm-81	317	23	an	an	DET
arjefm-81	317	24	insignificant	insignificant	ADJ
arjefm-81	317	25	effect	effect	NOUN
arjefm-81	317	26	(	(	PUNCT
arjefm-81	317	27	table	table	NOUN
arjefm-81	317	28	12	12	NUM
arjefm-81	317	29	)	)	PUNCT
arjefm-81	317	30	.	.	PUNCT
arjefm-81	318	1	similarly	similarly	ADV
arjefm-81	318	2	,	,	PUNCT
arjefm-81	318	3	in	in	ADP
arjefm-81	318	4	the	the	DET
arjefm-81	318	5	nim	nim	PROPN
arjefm-81	318	6	model	model	NOUN
arjefm-81	318	7	,	,	PUNCT
arjefm-81	318	8	as	as	SCONJ
arjefm-81	318	9	reported	report	VERB
arjefm-81	318	10	in	in	ADP
arjefm-81	318	11	table	table	NOUN
arjefm-81	318	12	13	13	NUM
arjefm-81	318	13	,	,	PUNCT
arjefm-81	318	14	only	only	ADV
arjefm-81	318	15	the	the	DET
arjefm-81	318	16	efficiency	efficiency	NOUN
arjefm-81	318	17	ratio	ratio	NOUN
arjefm-81	318	18	and	and	CCONJ
arjefm-81	318	19	the	the	DET
arjefm-81	318	20	credit	credit	NOUN
arjefm-81	318	21	risk	risk	NOUN
arjefm-81	318	22	pose	pose	VERB
arjefm-81	318	23	a	a	DET
arjefm-81	318	24	significant	significant	ADJ
arjefm-81	318	25	effect	effect	NOUN
arjefm-81	318	26	on	on	ADP
arjefm-81	318	27	the	the	DET
arjefm-81	318	28	bank	bank	NOUN
arjefm-81	318	29	profitability	profitability	NOUN
arjefm-81	318	30	after	after	ADP
arjefm-81	318	31	bank	bank	NOUN
arjefm-81	318	32	capitalization	capitalization	NOUN
arjefm-81	318	33	in	in	ADP
arjefm-81	318	34	nigeria	nigeria	PROPN
arjefm-81	318	35	at	at	ADP
arjefm-81	318	36	5	5	NUM
arjefm-81	318	37	percent	percent	NOUN
arjefm-81	318	38	level	level	NOUN
arjefm-81	318	39	of	of	ADP
arjefm-81	318	40	significance	significance	NOUN
arjefm-81	318	41	.	.	PUNCT
arjefm-81	319	1	the	the	DET
arjefm-81	319	2	efficiency	efficiency	NOUN
arjefm-81	319	3	rate	rate	NOUN
arjefm-81	319	4	affects	affect	VERB
arjefm-81	319	5	the	the	DET
arjefm-81	319	6	level	level	NOUN
arjefm-81	319	7	of	of	ADP
arjefm-81	319	8	profitability	profitability	NOUN
arjefm-81	319	9	in	in	ADP
arjefm-81	319	10	a	a	DET
arjefm-81	319	11	positive	positive	ADJ
arjefm-81	319	12	direction	direction	NOUN
arjefm-81	319	13	while	while	SCONJ
arjefm-81	319	14	the	the	DET
arjefm-81	319	15	credit	credit	NOUN
arjefm-81	319	16	risk	risk	NOUN
arjefm-81	319	17	affects	affect	VERB
arjefm-81	319	18	the	the	DET
arjefm-81	319	19	bank	bank	NOUN
arjefm-81	319	20	performance	performance	NOUN
arjefm-81	319	21	in	in	ADP
arjefm-81	319	22	a	a	DET
arjefm-81	319	23	negative	negative	ADJ
arjefm-81	319	24	manner	manner	NOUN
arjefm-81	319	25	.	.	PUNCT
arjefm-81	320	1	in	in	ADP
arjefm-81	320	2	addition	addition	NOUN
arjefm-81	320	3	,	,	PUNCT
arjefm-81	320	4	the	the	DET
arjefm-81	320	5	credit	credit	NOUN
arjefm-81	320	6	risk	risk	NOUN
arjefm-81	320	7	has	have	VERB
arjefm-81	320	8	the	the	DET
arjefm-81	320	9	highest	high	ADJ
arjefm-81	320	10	significant	significant	ADJ
arjefm-81	320	11	magnitude	magnitude	NOUN
arjefm-81	320	12	with	with	ADP
arjefm-81	320	13	a	a	DET
arjefm-81	320	14	coefficient	coefficient	NOUN
arjefm-81	320	15	of	of	ADP
arjefm-81	320	16	about	about	ADP
arjefm-81	320	17	21.71	21.71	NUM
arjefm-81	320	18	.	.	PUNCT
arjefm-81	321	1	however	however	ADV
arjefm-81	321	2	,	,	PUNCT
arjefm-81	321	3	explanatory	explanatory	ADJ
arjefm-81	321	4	variables	variable	NOUN
arjefm-81	321	5	such	such	ADJ
arjefm-81	321	6	as	as	ADP
arjefm-81	321	7	one	one	NUM
arjefm-81	321	8	year	year	NOUN
arjefm-81	321	9	lag	lag	NOUN
arjefm-81	321	10	of	of	ADP
arjefm-81	321	11	net	net	ADJ
arjefm-81	321	12	interest	interest	NOUN
arjefm-81	321	13	margin	margin	NOUN
arjefm-81	321	14	,	,	PUNCT
arjefm-81	321	15	market	market	NOUN
arjefm-81	321	16	concentration	concentration	NOUN
arjefm-81	321	17	,	,	PUNCT
arjefm-81	321	18	real	real	ADJ
arjefm-81	321	19	gross	gross	ADJ
arjefm-81	321	20	domestic	domestic	ADJ
arjefm-81	321	21	product	product	NOUN
arjefm-81	321	22	,	,	PUNCT
arjefm-81	321	23	inflation	inflation	NOUN
arjefm-81	321	24	rate	rate	NOUN
arjefm-81	321	25	,	,	PUNCT
arjefm-81	321	26	liquidity	liquidity	NOUN
arjefm-81	321	27	risk	risk	NOUN
arjefm-81	321	28	,	,	PUNCT
arjefm-81	321	29	business	business	NOUN
arjefm-81	321	30	mix	mix	NOUN
arjefm-81	321	31	indicator	indicator	NOUN
arjefm-81	321	32	,	,	PUNCT
arjefm-81	321	33	and	and	CCONJ
arjefm-81	321	34	capital	capital	NOUN
arjefm-81	321	35	adequacy	adequacy	NOUN
arjefm-81	321	36	do	do	AUX
arjefm-81	321	37	not	not	PART
arjefm-81	321	38	significantly	significantly	ADV
arjefm-81	321	39	influence	influence	VERB
arjefm-81	321	40	the	the	DET
arjefm-81	321	41	level	level	NOUN
arjefm-81	321	42	of	of	ADP
arjefm-81	321	43	profitability	profitability	NOUN
arjefm-81	321	44	at	at	ADP
arjefm-81	321	45	5	5	NUM
arjefm-81	321	46	percent	percent	NOUN
arjefm-81	321	47	level	level	NOUN
arjefm-81	321	48	of	of	ADP
arjefm-81	321	49	significance	significance	NOUN
arjefm-81	321	50	.	.	PUNCT
arjefm-81	322	1	5.6	5.6	NUM
arjefm-81	322	2	sargan	sargan	VERB
arjefm-81	322	3	test	test	NOUN
arjefm-81	322	4	in	in	ADP
arjefm-81	322	5	order	order	NOUN
arjefm-81	322	6	to	to	PART
arjefm-81	322	7	test	test	VERB
arjefm-81	322	8	for	for	ADP
arjefm-81	322	9	the	the	DET
arjefm-81	322	10	validity	validity	NOUN
arjefm-81	322	11	of	of	ADP
arjefm-81	322	12	the	the	DET
arjefm-81	322	13	instrumental	instrumental	ADJ
arjefm-81	322	14	variables	variable	NOUN
arjefm-81	322	15	utilized	utilize	VERB
arjefm-81	322	16	in	in	ADP
arjefm-81	322	17	the	the	DET
arjefm-81	322	18	gmm	gmm	PROPN
arjefm-81	322	19	estimator	estimator	NOUN
arjefm-81	322	20	,	,	PUNCT
arjefm-81	322	21	sargan	sargan	VERB
arjefm-81	322	22	test	test	NOUN
arjefm-81	322	23	is	be	AUX
arjefm-81	322	24	conducted	conduct	VERB
arjefm-81	322	25	.	.	PUNCT
arjefm-81	323	1	based	base	VERB
arjefm-81	323	2	on	on	ADP
arjefm-81	323	3	table	table	NOUN
arjefm-81	323	4	14	14	NUM
arjefm-81	323	5	,	,	PUNCT
arjefm-81	323	6	the	the	DET
arjefm-81	323	7	null	null	ADJ
arjefm-81	323	8	hypothesis	hypothesis	NOUN
arjefm-81	323	9	that	that	PRON
arjefm-81	323	10	instruments	instrument	NOUN
arjefm-81	323	11	are	be	AUX
arjefm-81	323	12	valid	valid	ADJ
arjefm-81	323	13	fails	fail	NOUN
arjefm-81	323	14	to	to	PART
arjefm-81	323	15	be	be	AUX
arjefm-81	323	16	rejected	reject	VERB
arjefm-81	323	17	with	with	ADP
arjefm-81	323	18	aprobability	aprobability	NOUN
arjefm-81	323	19	value	value	NOUN
arjefm-81	323	20	of	of	ADP
arjefm-81	323	21	about	about	ADV
arjefm-81	323	22	0.99	0.99	NUM
arjefm-81	323	23	in	in	ADP
arjefm-81	323	24	roa	roa	PROPN
arjefm-81	323	25	model	model	NOUN
arjefm-81	323	26	,	,	PUNCT
arjefm-81	323	27	roe	roe	PROPN
arjefm-81	323	28	model	model	NOUN
arjefm-81	323	29	,	,	PUNCT
arjefm-81	323	30	and	and	CCONJ
arjefm-81	323	31	nim	nim	PROPN
arjefm-81	323	32	model	model	NOUN
arjefm-81	323	33	.	.	PUNCT
arjefm-81	324	1	this	this	PRON
arjefm-81	324	2	implies	imply	VERB
arjefm-81	324	3	that	that	SCONJ
arjefm-81	324	4	the	the	DET
arjefm-81	324	5	instrumental	instrumental	ADJ
arjefm-81	324	6	variables	variable	NOUN
arjefm-81	324	7	employed	employ	VERB
arjefm-81	324	8	in	in	ADP
arjefm-81	324	9	this	this	DET
arjefm-81	324	10	study	study	NOUN
arjefm-81	324	11	are	be	AUX
arjefm-81	324	12	uncorrelated	uncorrelate	VERB
arjefm-81	324	13	with	with	ADP
arjefm-81	324	14	the	the	DET
arjefm-81	324	15	disturbance	disturbance	NOUN
arjefm-81	324	16	term	term	NOUN
arjefm-81	324	17	.	.	PUNCT
arjefm-81	325	1	in	in	ADP
arjefm-81	325	2	addition	addition	NOUN
arjefm-81	325	3	,	,	PUNCT
arjefm-81	325	4	this	this	PRON
arjefm-81	325	5	indicates	indicate	VERB
arjefm-81	325	6	that	that	SCONJ
arjefm-81	325	7	instrumental	instrumental	ADJ
arjefm-81	325	8	variables	variable	NOUN
arjefm-81	325	9	are	be	AUX
arjefm-81	325	10	exogenously	exogenously	ADV
arjefm-81	325	11	determined	determine	VERB
arjefm-81	325	12	.	.	PUNCT
arjefm-81	326	1	6	6	X
arjefm-81	326	2	.	.	X
arjefm-81	326	3	conclusion	conclusion	NOUN
arjefm-81	326	4	and	and	CCONJ
arjefm-81	326	5	policy	policy	NOUN
arjefm-81	326	6	implications	implication	NOUN
arjefm-81	326	7	this	this	DET
arjefm-81	326	8	study	study	NOUN
arjefm-81	326	9	sets	set	VERB
arjefm-81	326	10	out	out	ADP
arjefm-81	326	11	to	to	PART
arjefm-81	326	12	examine	examine	VERB
arjefm-81	326	13	the	the	DET
arjefm-81	326	14	determinants	determinant	NOUN
arjefm-81	326	15	of	of	ADP
arjefm-81	326	16	banks	bank	NOUN
arjefm-81	326	17	’	'	PUNCT
arjefm-81	326	18	profitability	profitability	NOUN
arjefm-81	326	19	in	in	ADP
arjefm-81	326	20	nigeria	nigeria	PROPN
arjefm-81	326	21	using	use	VERB
arjefm-81	326	22	an	an	DET
arjefm-81	326	23	annual	annual	ADJ
arjefm-81	326	24	panel	panel	NOUN
arjefm-81	326	25	dataset	dataset	VERB
arjefm-81	326	26	for	for	ADP
arjefm-81	326	27	the	the	DET
arjefm-81	326	28	period	period	NOUN
arjefm-81	326	29	2001	2001	NUM
arjefm-81	326	30	-	-	SYM
arjefm-81	326	31	20015	20015	NUM
arjefm-81	326	32	.	.	PUNCT
arjefm-81	327	1	the	the	DET
arjefm-81	327	2	analysis	analysis	NOUN
arjefm-81	327	3	was	be	AUX
arjefm-81	327	4	conducted	conduct	VERB
arjefm-81	327	5	for	for	ADP
arjefm-81	327	6	the	the	DET
arjefm-81	327	7	full	full	ADJ
arjefm-81	327	8	sample	sample	NOUN
arjefm-81	327	9	as	as	ADV
arjefm-81	327	10	well	well	ADV
arjefm-81	327	11	as	as	ADP
arjefm-81	327	12	the	the	DET
arjefm-81	327	13	subsample	subsample	ADJ
arjefm-81	327	14	period	period	NOUN
arjefm-81	327	15	in	in	ADP
arjefm-81	327	16	order	order	NOUN
arjefm-81	327	17	to	to	PART
arjefm-81	327	18	capture	capture	VERB
arjefm-81	327	19	the	the	DET
arjefm-81	327	20	effect	effect	NOUN
arjefm-81	327	21	of	of	ADP
arjefm-81	327	22	the	the	DET
arjefm-81	327	23	2005	2005	NUM
arjefm-81	327	24	bank	bank	NOUN
arjefm-81	327	25	capitalization	capitalization	NOUN
arjefm-81	327	26	in	in	ADP
arjefm-81	327	27	nigeria	nigeria	PROPN
arjefm-81	327	28	.	.	PUNCT
arjefm-81	328	1	the	the	DET
arjefm-81	328	2	empirical	empirical	ADJ
arjefm-81	328	3	analyses	analysis	NOUN
arjefm-81	328	4	consisted	consist	VERB
arjefm-81	328	5	of	of	ADP
arjefm-81	328	6	unit	unit	NOUN
arjefm-81	328	7	root	root	NOUN
arjefm-81	328	8	,	,	PUNCT
arjefm-81	328	9	cointegration	cointegration	NOUN
arjefm-81	328	10	,	,	PUNCT
arjefm-81	328	11	fixed	fix	VERB
arjefm-81	328	12	effect	effect	NOUN
arjefm-81	328	13	,	,	PUNCT
arjefm-81	328	14	random	random	ADJ
arjefm-81	328	15	effect	effect	NOUN
arjefm-81	328	16	,	,	PUNCT
arjefm-81	328	17	pooled	pool	VERB
arjefm-81	328	18	regression	regression	NOUN
arjefm-81	328	19	and	and	CCONJ
arjefm-81	328	20	dynamic	dynamic	ADJ
arjefm-81	328	21	models	model	NOUN
arjefm-81	328	22	.	.	PUNCT
arjefm-81	329	1	the	the	DET
arjefm-81	329	2	findings	finding	NOUN
arjefm-81	329	3	of	of	ADP
arjefm-81	329	4	this	this	DET
arjefm-81	329	5	study	study	NOUN
arjefm-81	329	6	have	have	VERB
arjefm-81	329	7	a	a	DET
arjefm-81	329	8	number	number	NOUN
arjefm-81	329	9	of	of	ADP
arjefm-81	329	10	implications	implication	NOUN
arjefm-81	329	11	for	for	ADP
arjefm-81	329	12	macroeconomic	macroeconomic	ADJ
arjefm-81	329	13	policies	policy	NOUN
arjefm-81	329	14	especially	especially	ADV
arjefm-81	329	15	monetary	monetary	ADJ
arjefm-81	329	16	measures	measure	NOUN
arjefm-81	329	17	.	.	PUNCT
arjefm-81	330	1	first	first	ADV
arjefm-81	330	2	,	,	PUNCT
arjefm-81	330	3	the	the	DET
arjefm-81	330	4	significance	significance	NOUN
arjefm-81	330	5	of	of	ADP
arjefm-81	330	6	efficiency	efficiency	NOUN
arjefm-81	330	7	ratio	ratio	NOUN
arjefm-81	330	8	in	in	ADP
arjefm-81	330	9	both	both	DET
arjefm-81	330	10	roa	roa	PROPN
arjefm-81	330	11	model	model	NOUN
arjefm-81	330	12	and	and	CCONJ
arjefm-81	330	13	nim	nim	PROPN
arjefm-81	330	14	model	model	NOUN
arjefm-81	330	15	suggests	suggest	VERB
arjefm-81	330	16	efficiency	efficiency	NOUN
arjefm-81	330	17	ratio	ratio	NOUN
arjefm-81	330	18	is	be	AUX
arjefm-81	330	19	a	a	DET
arjefm-81	330	20	crucial	crucial	ADJ
arjefm-81	330	21	factor	factor	NOUN
arjefm-81	330	22	among	among	ADP
arjefm-81	330	23	bank	bank	NOUN
arjefm-81	330	24	-	-	PUNCT
arjefm-81	330	25	specific	specific	ADJ
arjefm-81	330	26	variables	variable	NOUN
arjefm-81	330	27	that	that	PRON
arjefm-81	330	28	can	can	AUX
arjefm-81	330	29	influence	influence	VERB
arjefm-81	330	30	the	the	DET
arjefm-81	330	31	level	level	NOUN
arjefm-81	330	32	of	of	ADP
arjefm-81	330	33	profitability	profitability	NOUN
arjefm-81	330	34	.	.	PUNCT
arjefm-81	331	1	therefore	therefore	ADV
arjefm-81	331	2	,	,	PUNCT
arjefm-81	331	3	each	each	PRON
arjefm-81	331	4	of	of	ADP
arjefm-81	331	5	commercial	commercial	ADJ
arjefm-81	331	6	banks	bank	NOUN
arjefm-81	331	7	in	in	ADP
arjefm-81	331	8	the	the	DET
arjefm-81	331	9	country	country	NOUN
arjefm-81	331	10	needs	need	VERB
arjefm-81	331	11	to	to	PART
arjefm-81	331	12	make	make	VERB
arjefm-81	331	13	adequate	adequate	ADJ
arjefm-81	331	14	strategies	strategy	NOUN
arjefm-81	331	15	on	on	ADP
arjefm-81	331	16	the	the	DET
arjefm-81	331	17	level	level	NOUN
arjefm-81	331	18	of	of	ADP
arjefm-81	331	19	efficiency	efficiency	NOUN
arjefm-81	331	20	ratio	ratio	NOUN
arjefm-81	331	21	.	.	PUNCT
arjefm-81	332	1	similarly	similarly	ADV
arjefm-81	332	2	,	,	PUNCT
arjefm-81	332	3	more	more	ADJ
arjefm-81	332	4	attentions	attention	NOUN
arjefm-81	332	5	are	be	AUX
arjefm-81	332	6	also	also	ADV
arjefm-81	332	7	required	require	VERB
arjefm-81	332	8	for	for	ADP
arjefm-81	332	9	other	other	ADJ
arjefm-81	332	10	bankspecific	bankspecific	ADJ
arjefm-81	332	11	factors	factor	NOUN
arjefm-81	332	12	such	such	ADJ
arjefm-81	332	13	as	as	ADP
arjefm-81	332	14	the	the	DET
arjefm-81	332	15	credit	credit	NOUN
arjefm-81	332	16	risk	risk	NOUN
arjefm-81	332	17	,	,	PUNCT
arjefm-81	332	18	the	the	DET
arjefm-81	332	19	business	business	NOUN
arjefm-81	332	20	mix	mix	NOUN
arjefm-81	332	21	indicator	indicator	NOUN
arjefm-81	332	22	(	(	PUNCT
arjefm-81	332	23	used	use	VERB
arjefm-81	332	24	to	to	PART
arjefm-81	332	25	capture	capture	VERB
arjefm-81	332	26	business	business	NOUN
arjefm-81	332	27	strategy	strategy	NOUN
arjefm-81	332	28	)	)	PUNCT
arjefm-81	332	29	and	and	CCONJ
arjefm-81	332	30	capital	capital	NOUN
arjefm-81	332	31	adequacy	adequacy	NOUN
arjefm-81	332	32	both	both	CCONJ
arjefm-81	332	33	in	in	ADP
arjefm-81	332	34	the	the	DET
arjefm-81	332	35	short	short	ADJ
arjefm-81	332	36	term	term	NOUN
arjefm-81	332	37	and	and	CCONJ
arjefm-81	332	38	long	long	ADJ
arjefm-81	332	39	term	term	NOUN
arjefm-81	332	40	.	.	PUNCT
arjefm-81	333	1	second	second	ADJ
arjefm-81	333	2	,	,	PUNCT
arjefm-81	333	3	external	external	ADJ
arjefm-81	333	4	factors	factor	NOUN
arjefm-81	333	5	such	such	ADJ
arjefm-81	333	6	real	real	ADJ
arjefm-81	333	7	gross	gross	ADJ
arjefm-81	333	8	domestic	domestic	ADJ
arjefm-81	333	9	product	product	NOUN
arjefm-81	333	10	and	and	CCONJ
arjefm-81	333	11	market	market	NOUN
arjefm-81	333	12	concentration	concentration	NOUN
arjefm-81	333	13	(	(	PUNCT
arjefm-81	333	14	as	as	ADP
arjefm-81	333	15	a	a	DET
arjefm-81	333	16	proxy	proxy	NOUN
arjefm-81	333	17	for	for	ADP
arjefm-81	333	18	market	market	NOUN
arjefm-81	333	19	power	power	NOUN
arjefm-81	333	20	)	)	PUNCT
arjefm-81	333	21	do	do	AUX
arjefm-81	333	22	not	not	PART
arjefm-81	333	23	significantly	significantly	ADV
arjefm-81	333	24	influence	influence	VERB
arjefm-81	333	25	the	the	DET
arjefm-81	333	26	level	level	NOUN
arjefm-81	333	27	of	of	ADP
arjefm-81	333	28	profitability	profitability	NOUN
arjefm-81	333	29	in	in	ADP
arjefm-81	333	30	the	the	DET
arjefm-81	333	31	short	short	ADJ
arjefm-81	333	32	run	run	NOUN
arjefm-81	333	33	period	period	NOUN
arjefm-81	333	34	.	.	PUNCT
arjefm-81	334	1	therefore	therefore	ADV
arjefm-81	334	2	,	,	PUNCT
arjefm-81	334	3	any	any	DET
arjefm-81	334	4	policy	policy	NOUN
arjefm-81	334	5	measure	measure	NOUN
arjefm-81	334	6	designed	design	VERB
arjefm-81	334	7	to	to	PART
arjefm-81	334	8	improve	improve	VERB
arjefm-81	334	9	the	the	DET
arjefm-81	334	10	bank	bank	NOUN
arjefm-81	334	11	performance	performance	NOUN
arjefm-81	334	12	in	in	ADP
arjefm-81	334	13	nigeria	nigeria	PROPN
arjefm-81	334	14	’s	’s	PART
arjefm-81	334	15	commercial	commercial	PROPN
arjefm-81	334	16	bank	bank	PROPN
arjefm-81	334	17	needs	need	VERB
arjefm-81	334	18	to	to	PART
arjefm-81	334	19	consider	consider	VERB
arjefm-81	334	20	the	the	DET
arjefm-81	334	21	influence	influence	NOUN
arjefm-81	334	22	of	of	ADP
arjefm-81	334	23	bank	bank	NOUN
arjefm-81	334	24	-	-	PUNCT
arjefm-81	334	25	specific	specific	ADJ
arjefm-81	334	26	factors	factor	NOUN
arjefm-81	334	27	especially	especially	ADV
arjefm-81	334	28	in	in	ADP
arjefm-81	334	29	the	the	DET
arjefm-81	334	30	short	short	ADJ
arjefm-81	334	31	term	term	NOUN
arjefm-81	334	32	.	.	PUNCT
arjefm-81	335	1	references	reference	NOUN
arjefm-81	335	2	aburime	aburime	VERB
arjefm-81	335	3	,	,	PUNCT
arjefm-81	335	4	t.	t.	PROPN
arjefm-81	335	5	u.	u.	PROPN
arjefm-81	335	6	(	(	PUNCT
arjefm-81	335	7	2008	2008	NUM
arjefm-81	335	8	)	)	PUNCT
arjefm-81	335	9	,	,	PUNCT
arjefm-81	335	10	determinants	determinant	NOUN
arjefm-81	335	11	of	of	ADP
arjefm-81	335	12	bank	bank	NOUN
arjefm-81	335	13	profitability	profitability	NOUN
arjefm-81	335	14	:	:	PUNCT
arjefm-81	335	15	company	company	NOUN
arjefm-81	335	16	-	-	PUNCT
arjefm-81	335	17	level	level	NOUN
arjefm-81	335	18	evidence	evidence	NOUN
arjefm-81	335	19	from	from	ADP
arjefm-81	335	20	nigeria	nigeria	PROPN
arjefm-81	335	21	.	.	PUNCT
arjefm-81	336	1	ssrn	ssrn	PROPN
arjefm-81	336	2	electronic	electronic	ADJ
arjefm-81	336	3	journal	journal	NOUN
arjefm-81	336	4	,	,	PUNCT
arjefm-81	336	5	(	(	PUNCT
arjefm-81	336	6	1231064	1231064	NUM
arjefm-81	336	7	)	)	PUNCT
arjefm-81	336	8	,	,	PUNCT
arjefm-81	336	9	31	31	NUM
arjefm-81	336	10	.	.	PUNCT
arjefm-81	337	1	http://doi.org/10.2139/ssrn.1106825	http://doi.org/10.2139/ssrn.1106825	X
arjefm-81	338	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	338	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	339	1	american	american	PROPN
arjefm-81	339	2	research	research	PROPN
arjefm-81	339	3	journal	journal	PROPN
arjefm-81	339	4	of	of	ADP
arjefm-81	339	5	economics	economic	NOUN
arjefm-81	339	6	,	,	PUNCT
arjefm-81	339	7	finance	finance	NOUN
arjefm-81	339	8	and	and	CCONJ
arjefm-81	339	9	management	management	NOUN
arjefm-81	339	10	volume	volume	NOUN
arjefm-81	339	11	11	11	NUM
arjefm-81	339	12	issue	issue	NOUN
arjefm-81	339	13	2	2	NUM
arjefm-81	339	14	,	,	PUNCT
arjefm-81	339	15	april	april	PROPN
arjefm-81	339	16	-	-	PUNCT
arjefm-81	339	17	june	june	PROPN
arjefm-81	339	18	2023	2023	NUM
arjefm-81	339	19	issn	issn	PROPN
arjefm-81	339	20	:	:	PUNCT
arjefm-81	339	21	2836	2836	NUM
arjefm-81	339	22	-	-	SYM
arjefm-81	339	23	9416	9416	NUM
arjefm-81	339	24	impact	impact	NOUN
arjefm-81	339	25	factor	factor	NOUN
arjefm-81	339	26	:	:	PUNCT
arjefm-81	339	27	5.57	5.57	NUM
arjefm-81	339	28	journal	journal	NOUN
arjefm-81	339	29	homepage	homepage	NOUN
arjefm-81	339	30	:	:	PUNCT
arjefm-81	339	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	339	32	,	,	PUNCT
arjefm-81	339	33	email	email	NOUN
arjefm-81	339	34	:	:	PUNCT
arjefm-81	339	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	339	36	official	official	ADJ
arjefm-81	339	37	journal	journal	PROPN
arjefm-81	339	38	of	of	ADP
arjefm-81	339	39	america	america	PROPN
arjefm-81	339	40	serial	serial	PROPN
arjefm-81	339	41	publication	publication	NOUN
arjefm-81	339	42	american	american	PROPN
arjefm-81	339	43	research	research	PROPN
arjefm-81	339	44	journal	journal	PROPN
arjefm-81	339	45	of	of	ADP
arjefm-81	339	46	economics	economic	NOUN
arjefm-81	339	47	,	,	PUNCT
arjefm-81	339	48	finance	finance	NOUN
arjefm-81	339	49	and	and	CCONJ
arjefm-81	339	50	management	management	NOUN
arjefm-81	339	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	339	52	,	,	PUNCT
arjefm-81	339	53	email	email	NOUN
arjefm-81	339	54	:	:	PUNCT
arjefm-81	339	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	340	1	53	53	NUM
arjefm-81	341	1	|	|	ADV
arjefm-81	341	2	p	p	X
arjefm-81	341	3	a	a	DET
arjefm-81	341	4	g	g	NOUN
arjefm-81	341	5	e	e	NOUN
arjefm-81	341	6	albertazzi	albertazzi	NOUN
arjefm-81	341	7	,	,	PUNCT
arjefm-81	341	8	u.	u.	NOUN
arjefm-81	341	9	and	and	CCONJ
arjefm-81	341	10	gambacorta	gambacorta	NOUN
arjefm-81	341	11	,	,	PUNCT
arjefm-81	341	12	l	l	PROPN
arjefm-81	341	13	(	(	PUNCT
arjefm-81	341	14	2009	2009	NUM
arjefm-81	341	15	)	)	PUNCT
arjefm-81	341	16	.	.	PUNCT
arjefm-81	342	1	bank	bank	NOUN
arjefm-81	342	2	profitability	profitability	NOUN
arjefm-81	342	3	and	and	CCONJ
arjefm-81	342	4	the	the	DET
arjefm-81	342	5	business	business	NOUN
arjefm-81	342	6	cycle	cycle	NOUN
arjefm-81	342	7	.	.	PUNCT
arjefm-81	343	1	journal	journal	NOUN
arjefm-81	343	2	of	of	ADP
arjefm-81	343	3	financial	financial	ADJ
arjefm-81	343	4	stability	stability	NOUN
arjefm-81	343	5	,	,	PUNCT
arjefm-81	343	6	5(4	5(4	NUM
arjefm-81	343	7	)	)	PUNCT
arjefm-81	343	8	,	,	PUNCT
arjefm-81	343	9	393	393	NUM
arjefm-81	343	10	-	-	SYM
arjefm-81	343	11	409	409	NUM
arjefm-81	343	12	.	.	PUNCT
arjefm-81	344	1	alkhazaleh	alkhazaleh	PROPN
arjefm-81	344	2	,	,	PUNCT
arjefm-81	344	3	a.	a.	NOUN
arjefm-81	344	4	m.	m.	NOUN
arjefm-81	344	5	,	,	PUNCT
arjefm-81	344	6	&	&	CCONJ
arjefm-81	344	7	almsafir	almsafir	PROPN
arjefm-81	344	8	,	,	PUNCT
arjefm-81	344	9	m.	m.	NOUN
arjefm-81	344	10	(	(	PUNCT
arjefm-81	344	11	2014	2014	NUM
arjefm-81	344	12	)	)	PUNCT
arjefm-81	344	13	,	,	PUNCT
arjefm-81	344	14	bank	bank	NOUN
arjefm-81	344	15	specific	specific	ADJ
arjefm-81	344	16	determinants	determinant	NOUN
arjefm-81	344	17	of	of	ADP
arjefm-81	344	18	profitability	profitability	NOUN
arjefm-81	344	19	in	in	ADP
arjefm-81	344	20	jordan	jordan	PROPN
arjefm-81	344	21	.	.	PUNCT
arjefm-81	345	1	journal	journal	PROPN
arjefm-81	345	2	of	of	ADP
arjefm-81	345	3	advanced	advanced	ADJ
arjefm-81	345	4	social	social	ADJ
arjefm-81	345	5	research	research	NOUN
arjefm-81	345	6	,	,	PUNCT
arjefm-81	345	7	4(10	4(10	NUM
arjefm-81	345	8	)	)	PUNCT
arjefm-81	345	9	,	,	PUNCT
arjefm-81	345	10	1–20	1–20	PROPN
arjefm-81	345	11	.	.	PUNCT
arjefm-81	345	12	ani	ani	PROPN
arjefm-81	345	13	,	,	PUNCT
arjefm-81	345	14	w.	w.	PROPN
arjefm-81	345	15	u.	u.	PROPN
arjefm-81	345	16	,	,	PUNCT
arjefm-81	345	17	ugwunta	ugwunta	PROPN
arjefm-81	345	18	,	,	PUNCT
arjefm-81	345	19	d.	d.	PROPN
arjefm-81	345	20	o.	o.	PROPN
arjefm-81	345	21	,	,	PUNCT
arjefm-81	345	22	ezeudu	ezeudu	NOUN
arjefm-81	345	23	,	,	PUNCT
arjefm-81	345	24	i.	i.	PROPN
arjefm-81	345	25	j.	j.	PROPN
arjefm-81	345	26	&	&	CCONJ
arjefm-81	345	27	ugwuanyi	ugwuanyi	PROPN
arjefm-81	345	28	,	,	PUNCT
arjefm-81	345	29	g.	g.	PROPN
arjefm-81	345	30	o.	o.	PROPN
arjefm-81	345	31	(	(	PUNCT
arjefm-81	345	32	2012	2012	NUM
arjefm-81	345	33	)	)	PUNCT
arjefm-81	345	34	.	.	PUNCT
arjefm-81	346	1	an	an	DET
arjefm-81	346	2	empirical	empirical	ADJ
arjefm-81	346	3	assessment	assessment	NOUN
arjefm-81	346	4	of	of	ADP
arjefm-81	346	5	the	the	DET
arjefm-81	346	6	determinants	determinant	NOUN
arjefm-81	346	7	of	of	ADP
arjefm-81	346	8	bank	bank	NOUN
arjefm-81	346	9	profitability	profitability	NOUN
arjefm-81	346	10	in	in	ADP
arjefm-81	346	11	nigeria	nigeria	PROPN
arjefm-81	346	12	:	:	PUNCT
arjefm-81	346	13	bank	bank	NOUN
arjefm-81	346	14	characteristics	characteristics	PROPN
arjefm-81	346	15	panel	panel	NOUN
arjefm-81	346	16	evidence	evidence	NOUN
arjefm-81	346	17	.	.	PUNCT
arjefm-81	347	1	journal	journal	NOUN
arjefm-81	347	2	of	of	ADP
arjefm-81	347	3	accounting	accounting	NOUN
arjefm-81	347	4	and	and	CCONJ
arjefm-81	347	5	taxation	taxation	NOUN
arjefm-81	347	6	4(3	4(3	NUM
arjefm-81	347	7	)	)	PUNCT
arjefm-81	347	8	,	,	PUNCT
arjefm-81	347	9	pp	pp	ADP
arjefm-81	347	10	.	.	PUNCT
arjefm-81	348	1	38-43.http://doi.org/	38-43.http://doi.org/	NUM
arjefm-81	348	2	10.5897	10.5897	NUM
arjefm-81	348	3	/	/	SYM
arjefm-81	348	4	jat11.034	jat11.034	NOUN
arjefm-81	348	5	boadi	boadi	NOUN
arjefm-81	348	6	,	,	PUNCT
arjefm-81	348	7	i	i	PRON
arjefm-81	348	8	(	(	PUNCT
arjefm-81	348	9	2015	2015	NUM
arjefm-81	348	10	)	)	PUNCT
arjefm-81	348	11	.	.	PUNCT
arjefm-81	349	1	profitability	profitability	NOUN
arjefm-81	349	2	determinants	determinant	NOUN
arjefm-81	349	3	of	of	ADP
arjefm-81	349	4	the	the	DET
arjefm-81	349	5	ghanaian	ghanaian	ADJ
arjefm-81	349	6	banking	banking	NOUN
arjefm-81	349	7	sector	sector	NOUN
arjefm-81	349	8	in	in	ADP
arjefm-81	349	9	ongoing	ongoing	ADJ
arjefm-81	349	10	wave	wave	NOUN
arjefm-81	349	11	of	of	ADP
arjefm-81	349	12	consolidation	consolidation	NOUN
arjefm-81	349	13	.	.	PUNCT
arjefm-81	350	1	international	international	ADJ
arjefm-81	350	2	journal	journal	PROPN
arjefm-81	350	3	of	of	ADP
arjefm-81	350	4	business	business	NOUN
arjefm-81	350	5	and	and	CCONJ
arjefm-81	350	6	management	management	NOUN
arjefm-81	350	7	,	,	PUNCT
arjefm-81	350	8	10	10	NUM
arjefm-81	350	9	(	(	PUNCT
arjefm-81	350	10	12	12	NUM
arjefm-81	350	11	)	)	PUNCT
arjefm-81	350	12	,	,	PUNCT
arjefm-81	350	13	1	1	NUM
arjefm-81	350	14	-	-	SYM
arjefm-81	350	15	11	11	NUM
arjefm-81	350	16	.	.	PUNCT
arjefm-81	351	1	bourke	bourke	PROPN
arjefm-81	351	2	,	,	PUNCT
arjefm-81	351	3	p.	p.	PROPN
arjefm-81	351	4	(	(	PUNCT
arjefm-81	351	5	1989	1989	NUM
arjefm-81	351	6	)	)	PUNCT
arjefm-81	351	7	.	.	PUNCT
arjefm-81	352	1	concentration	concentration	NOUN
arjefm-81	352	2	and	and	CCONJ
arjefm-81	352	3	other	other	ADJ
arjefm-81	352	4	determinants	determinant	NOUN
arjefm-81	352	5	of	of	ADP
arjefm-81	352	6	bank	bank	NOUN
arjefm-81	352	7	profitability	profitability	NOUN
arjefm-81	352	8	in	in	ADP
arjefm-81	352	9	europe	europe	PROPN
arjefm-81	352	10	.	.	PUNCT
arjefm-81	353	1	journal	journal	PROPN
arjefm-81	353	2	of	of	ADP
arjefm-81	353	3	banking	banking	NOUN
arjefm-81	353	4	and	and	CCONJ
arjefm-81	353	5	finance	finance	NOUN
arjefm-81	353	6	,	,	PUNCT
arjefm-81	353	7	pp	pp	ADV
arjefm-81	353	8	65	65	NUM
arjefm-81	353	9	-	-	SYM
arjefm-81	353	10	80	80	NUM
arjefm-81	353	11	.	.	PUNCT
arjefm-81	354	1	choi	choi	NOUN
arjefm-81	354	2	,	,	PUNCT
arjefm-81	354	3	i	i	PRON
arjefm-81	354	4	(	(	PUNCT
arjefm-81	354	5	2001	2001	NUM
arjefm-81	354	6	)	)	PUNCT
arjefm-81	354	7	.	.	PUNCT
arjefm-81	355	1	unit	unit	NOUN
arjefm-81	355	2	root	root	NOUN
arjefm-81	355	3	tests	test	NOUN
arjefm-81	355	4	for	for	ADP
arjefm-81	355	5	panel	panel	NOUN
arjefm-81	355	6	data	datum	NOUN
arjefm-81	355	7	.	.	PUNCT
arjefm-81	356	1	journal	journal	PROPN
arjefm-81	356	2	of	of	ADP
arjefm-81	356	3	international	international	ADJ
arjefm-81	356	4	money	money	NOUN
arjefm-81	356	5	and	and	CCONJ
arjefm-81	356	6	finance	finance	NOUN
arjefm-81	356	7	,	,	PUNCT
arjefm-81	356	8	20:249	20:249	NUM
arjefm-81	356	9	–	–	PUNCT
arjefm-81	356	10	272	272	NUM
arjefm-81	356	11	.	.	X
arjefm-81	357	1	dietrich	dietrich	PROPN
arjefm-81	357	2	,	,	PUNCT
arjefm-81	357	3	a.	a.	PROPN
arjefm-81	357	4	,	,	PUNCT
arjefm-81	357	5	&	&	CCONJ
arjefm-81	357	6	wanzenried	wanzenrie	VERB
arjefm-81	357	7	,	,	PUNCT
arjefm-81	357	8	g.	g.	PROPN
arjefm-81	357	9	(	(	PUNCT
arjefm-81	357	10	2011	2011	NUM
arjefm-81	357	11	)	)	PUNCT
arjefm-81	357	12	,	,	PUNCT
arjefm-81	357	13	determinants	determinant	NOUN
arjefm-81	357	14	of	of	ADP
arjefm-81	357	15	bank	bank	NOUN
arjefm-81	357	16	profitability	profitability	NOUN
arjefm-81	357	17	before	before	ADP
arjefm-81	357	18	and	and	CCONJ
arjefm-81	357	19	during	during	ADP
arjefm-81	357	20	the	the	DET
arjefm-81	357	21	crisis	crisis	NOUN
arjefm-81	357	22	:	:	PUNCT
arjefm-81	357	23	evidence	evidence	NOUN
arjefm-81	357	24	from	from	ADP
arjefm-81	357	25	switzerland	switzerland	PROPN
arjefm-81	357	26	.	.	PUNCT
arjefm-81	358	1	journal	journal	PROPN
arjefm-81	358	2	of	of	ADP
arjefm-81	358	3	international	international	ADJ
arjefm-81	358	4	financial	financial	ADJ
arjefm-81	358	5	markets	market	NOUN
arjefm-81	358	6	,	,	PUNCT
arjefm-81	358	7	institutions	institution	NOUN
arjefm-81	358	8	and	and	CCONJ
arjefm-81	358	9	money	money	NOUN
arjefm-81	358	10	,	,	PUNCT
arjefm-81	358	11	21(3	21(3	NUM
arjefm-81	358	12	)	)	PUNCT
arjefm-81	358	13	,	,	PUNCT
arjefm-81	358	14	307–327	307–327	NUM
arjefm-81	358	15	.	.	PUNCT
arjefm-81	359	1	http://doi.org/10.1016/j.intfin.2010.11.002	http://doi.org/10.1016/j.intfin.2010.11.002	PROPN
arjefm-81	359	2	dietrich	dietrich	PROPN
arjefm-81	359	3	,	,	PUNCT
arjefm-81	359	4	a.	a.	PROPN
arjefm-81	359	5	,	,	PUNCT
arjefm-81	359	6	&	&	CCONJ
arjefm-81	359	7	wanzenried	wanzenrie	VERB
arjefm-81	359	8	,	,	PUNCT
arjefm-81	359	9	g.	g.	PROPN
arjefm-81	359	10	(	(	PUNCT
arjefm-81	359	11	2014	2014	NUM
arjefm-81	359	12	)	)	PUNCT
arjefm-81	359	13	,	,	PUNCT
arjefm-81	359	14	the	the	DET
arjefm-81	359	15	determinants	determinant	NOUN
arjefm-81	359	16	of	of	ADP
arjefm-81	359	17	commercial	commercial	ADJ
arjefm-81	359	18	banking	banking	NOUN
arjefm-81	359	19	profitability	profitability	NOUN
arjefm-81	359	20	in	in	ADP
arjefm-81	359	21	low-	low-	ADJ
arjefm-81	359	22	,	,	PUNCT
arjefm-81	359	23	middle-	middle-	X
arjefm-81	359	24	,	,	PUNCT
arjefm-81	359	25	and	and	CCONJ
arjefm-81	359	26	highincome	highincome	ADJ
arjefm-81	359	27	countries	country	NOUN
arjefm-81	359	28	.	.	PUNCT
arjefm-81	360	1	quarterly	quarterly	ADJ
arjefm-81	360	2	review	review	NOUN
arjefm-81	360	3	of	of	ADP
arjefm-81	360	4	economics	economic	NOUN
arjefm-81	360	5	and	and	CCONJ
arjefm-81	360	6	finance	finance	NOUN
arjefm-81	360	7	,	,	PUNCT
arjefm-81	360	8	54(3	54(3	NUM
arjefm-81	360	9	)	)	PUNCT
arjefm-81	360	10	,	,	PUNCT
arjefm-81	360	11	337	337	NUM
arjefm-81	360	12	–	–	PUNCT
arjefm-81	360	13	354	354	NUM
arjefm-81	361	1	http://doi.org/10.1016/j.qref.2014.03.001	http://doi.org/10.1016/j.qref.2014.03.001	PROPN
arjefm-81	361	2	djalilov	djalilov	PROPN
arjefm-81	361	3	,	,	PUNCT
arjefm-81	361	4	k.	k.	PROPN
arjefm-81	361	5	,	,	PUNCT
arjefm-81	361	6	&	&	CCONJ
arjefm-81	361	7	piesseb	piesseb	PROPN
arjefm-81	361	8	,	,	PUNCT
arjefm-81	361	9	j.	j.	PROPN
arjefm-81	361	10	(	(	PUNCT
arjefm-81	361	11	2016	2016	NUM
arjefm-81	361	12	)	)	PUNCT
arjefm-81	361	13	,	,	PUNCT
arjefm-81	361	14	determinants	determinant	NOUN
arjefm-81	361	15	of	of	ADP
arjefm-81	361	16	bank	bank	NOUN
arjefm-81	361	17	profitability	profitability	NOUN
arjefm-81	361	18	in	in	ADP
arjefm-81	361	19	transition	transition	NOUN
arjefm-81	361	20	countries	country	NOUN
arjefm-81	361	21	:	:	PUNCT
arjefm-81	361	22	what	what	PRON
arjefm-81	361	23	matters	matter	VERB
arjefm-81	361	24	most	most	ADV
arjefm-81	361	25	?	?	PUNCT
arjefm-81	362	1	research	research	NOUN
arjefm-81	362	2	in	in	ADP
arjefm-81	362	3	international	international	ADJ
arjefm-81	362	4	business	business	NOUN
arjefm-81	362	5	and	and	CCONJ
arjefm-81	362	6	finance	finance	NOUN
arjefm-81	362	7	,	,	PUNCT
arjefm-81	362	8	38	38	NUM
arjefm-81	362	9	,	,	PUNCT
arjefm-81	362	10	69–82	69–82	NUM
arjefm-81	362	11	.	.	PUNCT
arjefm-81	363	1	http://doi.org/10.1016/j.ribaf.2016.03.015	http://doi.org/10.1016/j.ribaf.2016.03.015	VERB
arjefm-81	363	2	fisher	fisher	PROPN
arjefm-81	363	3	,	,	PUNCT
arjefm-81	363	4	r.a	r.a	PROPN
arjefm-81	363	5	.	.	PROPN
arjefm-81	363	6	(	(	PUNCT
arjefm-81	363	7	1932	1932	NUM
arjefm-81	363	8	)	)	PUNCT
arjefm-81	363	9	.	.	PUNCT
arjefm-81	364	1	statistical	statistical	ADJ
arjefm-81	364	2	methods	method	NOUN
arjefm-81	364	3	for	for	ADP
arjefm-81	364	4	research	research	NOUN
arjefm-81	364	5	workers	worker	NOUN
arjefm-81	364	6	,	,	PUNCT
arjefm-81	364	7	forth	forth	ADV
arjefm-81	364	8	edition	edition	PROPN
arjefm-81	364	9	,	,	PUNCT
arjefm-81	364	10	edinburgh	edinburgh	PROPN
arjefm-81	364	11	,	,	PUNCT
arjefm-81	364	12	oliver	oliver	PROPN
arjefm-81	364	13	and	and	CCONJ
arjefm-81	364	14	boyd	boyd	PROPN
arjefm-81	364	15	.	.	PUNCT
arjefm-81	365	1	flamini	flamini	PROPN
arjefm-81	365	2	,	,	PUNCT
arjefm-81	365	3	v.	v.	PROPN
arjefm-81	365	4	,	,	PUNCT
arjefm-81	365	5	mcdonald	mcdonald	PROPN
arjefm-81	365	6	,	,	PUNCT
arjefm-81	365	7	c.	c.	PROPN
arjefm-81	365	8	,	,	PUNCT
arjefm-81	365	9	&	&	CCONJ
arjefm-81	365	10	schumacher	schumacher	PROPN
arjefm-81	365	11	,	,	PUNCT
arjefm-81	365	12	l.	l.	PROPN
arjefm-81	365	13	(	(	PUNCT
arjefm-81	365	14	2009	2009	NUM
arjefm-81	365	15	)	)	PUNCT
arjefm-81	365	16	.	.	PUNCT
arjefm-81	366	1	the	the	DET
arjefm-81	366	2	determinants	determinant	NOUN
arjefm-81	366	3	of	of	ADP
arjefm-81	366	4	commercial	commercial	ADJ
arjefm-81	366	5	bank	bank	NOUN
arjefm-81	366	6	profitability	profitability	NOUN
arjefm-81	366	7	in	in	ADP
arjefm-81	366	8	sub	sub	ADJ
arjefm-81	366	9	-	-	ADJ
arjefm-81	366	10	saharan	saharan	ADJ
arjefm-81	366	11	africa	africa	PROPN
arjefm-81	366	12	.	.	PUNCT
arjefm-81	367	1	international	international	ADJ
arjefm-81	367	2	monetary	monetary	ADJ
arjefm-81	367	3	fund	fund	PROPN
arjefm-81	367	4	,	,	PUNCT
arjefm-81	367	5	wp/09/15	wp/09/15	PROPN
arjefm-81	367	6	.	.	PUNCT
arjefm-81	368	1	fungáčová	fungáčová	PROPN
arjefm-81	368	2	,	,	PUNCT
arjefm-81	368	3	z.	z.	PROPN
arjefm-81	368	4	,	,	PUNCT
arjefm-81	368	5	solanko	solanko	PROPN
arjefm-81	368	6	,	,	PUNCT
arjefm-81	368	7	l.	l.	PROPN
arjefm-81	368	8	,	,	PUNCT
arjefm-81	368	9	&	&	CCONJ
arjefm-81	368	10	weill	weill	PROPN
arjefm-81	368	11	,	,	PUNCT
arjefm-81	368	12	l.	l.	PROPN
arjefm-81	368	13	(	(	PUNCT
arjefm-81	368	14	2010	2010	NUM
arjefm-81	368	15	)	)	PUNCT
arjefm-81	368	16	,	,	PUNCT
arjefm-81	368	17	market	market	NOUN
arjefm-81	368	18	power	power	NOUN
arjefm-81	368	19	in	in	ADP
arjefm-81	368	20	the	the	DET
arjefm-81	368	21	russian	russian	ADJ
arjefm-81	368	22	banking	banking	NOUN
arjefm-81	368	23	industry	industry	NOUN
arjefm-81	368	24	.	.	PUNCT
arjefm-81	369	1	international	international	ADJ
arjefm-81	369	2	economics	economic	NOUN
arjefm-81	369	3	,	,	PUNCT
arjefm-81	369	4	124(2010	124(2010	NOUN
arjefm-81	369	5	)	)	PUNCT
arjefm-81	369	6	,	,	PUNCT
arjefm-81	369	7	127–145	127–145	NUM
arjefm-81	369	8	.	.	PUNCT
arjefm-81	370	1	http://doi.org/10.1016/s2110-7017(13)60022-0	http://doi.org/10.1016/s2110-7017(13)60022-0	PROPN
arjefm-81	370	2	gil	gil	PROPN
arjefm-81	370	3	-	-	PROPN
arjefm-81	370	4	alana	alana	PROPN
arjefm-81	370	5	,	,	PUNCT
arjefm-81	370	6	yaya	yaya	PROPN
arjefm-81	370	7	,	,	PUNCT
arjefm-81	370	8	o.s	o.s	PROPN
arjefm-81	370	9	.	.	PROPN
arjefm-81	370	10	&	&	CCONJ
arjefm-81	370	11	adepoju	adepoju	PROPN
arjefm-81	370	12	,	,	PUNCT
arjefm-81	370	13	a.a	a.a	PROPN
arjefm-81	370	14	.	.	PROPN
arjefm-81	370	15	(	(	PUNCT
arjefm-81	370	16	2015	2015	NUM
arjefm-81	370	17	)	)	PUNCT
arjefm-81	370	18	.	.	PUNCT
arjefm-81	371	1	fractional	fractional	ADJ
arjefm-81	371	2	integration	integration	NOUN
arjefm-81	371	3	and	and	CCONJ
arjefm-81	371	4	structural	structural	ADJ
arjefm-81	371	5	breaks	break	NOUN
arjefm-81	371	6	in	in	ADP
arjefm-81	371	7	bank	bank	NOUN
arjefm-81	371	8	share	share	NOUN
arjefm-81	371	9	prices	price	NOUN
arjefm-81	371	10	in	in	ADP
arjefm-81	371	11	nigeria	nigeria	PROPN
arjefm-81	371	12	.	.	PUNCT
arjefm-81	372	1	review	review	NOUN
arjefm-81	372	2	of	of	ADP
arjefm-81	372	3	development	development	NOUN
arjefm-81	372	4	finance	finance	NOUN
arjefm-81	372	5	5	5	NUM
arjefm-81	372	6	(	(	PUNCT
arjefm-81	372	7	1	1	NUM
arjefm-81	372	8	)	)	PUNCT
arjefm-81	372	9	,	,	PUNCT
arjefm-81	372	10	13	13	NUM
arjefm-81	372	11	–	–	SYM
arjefm-81	372	12	23.http://dx.doi.org/10.1016/j.rdf.2014.07.004	23.http://dx.doi.org/10.1016/j.rdf.2014.07.004	NUM
arjefm-81	372	13	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-81	372	14	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	372	15	american	american	PROPN
arjefm-81	372	16	research	research	PROPN
arjefm-81	372	17	journal	journal	PROPN
arjefm-81	372	18	of	of	ADP
arjefm-81	372	19	economics	economic	NOUN
arjefm-81	372	20	,	,	PUNCT
arjefm-81	372	21	finance	finance	NOUN
arjefm-81	372	22	and	and	CCONJ
arjefm-81	372	23	management	management	NOUN
arjefm-81	372	24	volume	volume	NOUN
arjefm-81	372	25	11	11	NUM
arjefm-81	372	26	issue	issue	NOUN
arjefm-81	372	27	2	2	NUM
arjefm-81	372	28	,	,	PUNCT
arjefm-81	372	29	april	april	PROPN
arjefm-81	372	30	-	-	PUNCT
arjefm-81	372	31	june	june	PROPN
arjefm-81	372	32	2023	2023	NUM
arjefm-81	372	33	issn	issn	PROPN
arjefm-81	372	34	:	:	PUNCT
arjefm-81	372	35	2836	2836	NUM
arjefm-81	372	36	-	-	SYM
arjefm-81	372	37	9416	9416	NUM
arjefm-81	372	38	impact	impact	NOUN
arjefm-81	372	39	factor	factor	NOUN
arjefm-81	372	40	:	:	PUNCT
arjefm-81	372	41	5.57	5.57	NUM
arjefm-81	372	42	journal	journal	NOUN
arjefm-81	372	43	homepage	homepage	NOUN
arjefm-81	372	44	:	:	PUNCT
arjefm-81	372	45	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	372	46	,	,	PUNCT
arjefm-81	372	47	email	email	NOUN
arjefm-81	372	48	:	:	PUNCT
arjefm-81	373	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	373	2	official	official	ADJ
arjefm-81	373	3	journal	journal	PROPN
arjefm-81	373	4	of	of	ADP
arjefm-81	373	5	america	america	PROPN
arjefm-81	373	6	serial	serial	PROPN
arjefm-81	373	7	publication	publication	NOUN
arjefm-81	373	8	american	american	PROPN
arjefm-81	373	9	research	research	PROPN
arjefm-81	373	10	journal	journal	PROPN
arjefm-81	373	11	of	of	ADP
arjefm-81	373	12	economics	economic	NOUN
arjefm-81	373	13	,	,	PUNCT
arjefm-81	373	14	finance	finance	NOUN
arjefm-81	373	15	and	and	CCONJ
arjefm-81	373	16	management	management	NOUN
arjefm-81	373	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	373	18	,	,	PUNCT
arjefm-81	373	19	email	email	NOUN
arjefm-81	373	20	:	:	PUNCT
arjefm-81	373	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	374	1	54	54	NUM
arjefm-81	375	1	|	|	ADV
arjefm-81	375	2	p	p	NOUN
arjefm-81	375	3	a	a	DET
arjefm-81	375	4	g	g	NOUN
arjefm-81	375	5	e	e	PROPN
arjefm-81	375	6	hsieh	hsieh	PROPN
arjefm-81	375	7	,	,	PUNCT
arjefm-81	375	8	m.	m.	PROPN
arjefm-81	375	9	&	&	CCONJ
arjefm-81	375	10	lee	lee	PROPN
arjefm-81	375	11	,	,	PUNCT
arjefm-81	375	12	c.	c.	PROPN
arjefm-81	375	13	(	(	PUNCT
arjefm-81	375	14	2010	2010	NUM
arjefm-81	375	15	)	)	PUNCT
arjefm-81	375	16	.	.	PUNCT
arjefm-81	376	1	the	the	DET
arjefm-81	376	2	puzzle	puzzle	NOUN
arjefm-81	376	3	between	between	ADP
arjefm-81	376	4	banking	banking	NOUN
arjefm-81	376	5	competition	competition	NOUN
arjefm-81	376	6	and	and	CCONJ
arjefm-81	376	7	profitability	profitability	NOUN
arjefm-81	376	8	can	can	AUX
arjefm-81	376	9	be	be	AUX
arjefm-81	376	10	solved	solve	VERB
arjefm-81	376	11	:	:	PUNCT
arjefm-81	376	12	international	international	ADJ
arjefm-81	376	13	evidence	evidence	NOUN
arjefm-81	376	14	from	from	ADP
arjefm-81	376	15	bank	bank	NOUN
arjefm-81	376	16	-	-	PUNCT
arjefm-81	376	17	level	level	NOUN
arjefm-81	376	18	data	datum	NOUN
arjefm-81	376	19	.	.	PUNCT
arjefm-81	377	1	journal	journal	PROPN
arjefm-81	377	2	of	of	ADP
arjefm-81	377	3	financial	financial	ADJ
arjefm-81	377	4	services	service	NOUN
arjefm-81	377	5	research	research	NOUN
arjefm-81	377	6	,	,	PUNCT
arjefm-81	377	7	springer	springer	NOUN
arjefm-81	377	8	;	;	PUNCT
arjefm-81	377	9	western	western	ADJ
arjefm-81	377	10	finance	finance	NOUN
arjefm-81	377	11	association	association	NOUN
arjefm-81	377	12	,	,	PUNCT
arjefm-81	377	13	38(2	38(2	NOUN
arjefm-81	377	14	)	)	PUNCT
arjefm-81	377	15	,	,	PUNCT
arjefm-81	377	16	135	135	NUM
arjefm-81	377	17	-	-	SYM
arjefm-81	377	18	157	157	NUM
arjefm-81	377	19	.	.	PUNCT
arjefm-81	378	1	kao	kao	PROPN
arjefm-81	378	2	,	,	PUNCT
arjefm-81	378	3	c.	c.	PROPN
arjefm-81	378	4	(	(	PUNCT
arjefm-81	378	5	1999	1999	NUM
arjefm-81	378	6	)	)	PUNCT
arjefm-81	378	7	.	.	PUNCT
arjefm-81	379	1	spurious	spurious	ADJ
arjefm-81	379	2	regression	regression	NOUN
arjefm-81	379	3	and	and	CCONJ
arjefm-81	379	4	residual	residual	ADJ
arjefm-81	379	5	-	-	PUNCT
arjefm-81	379	6	based	base	VERB
arjefm-81	379	7	tests	test	NOUN
arjefm-81	379	8	for	for	ADP
arjefm-81	379	9	cointegration	cointegration	NOUN
arjefm-81	379	10	in	in	ADP
arjefm-81	379	11	panel	panel	NOUN
arjefm-81	379	12	data	datum	NOUN
arjefm-81	379	13	.	.	PUNCT
arjefm-81	380	1	journal	journal	PROPN
arjefm-81	380	2	of	of	ADP
arjefm-81	380	3	econometrics	econometric	NOUN
arjefm-81	380	4	,	,	PUNCT
arjefm-81	380	5	90:1–44	90:1–44	NUM
arjefm-81	380	6	.	.	PUNCT
arjefm-81	381	1	levin	levin	PROPN
arjefm-81	381	2	,	,	PUNCT
arjefm-81	381	3	lin	lin	PROPN
arjefm-81	381	4	and	and	CCONJ
arjefm-81	381	5	chu	chu	PROPN
arjefm-81	381	6	(	(	PUNCT
arjefm-81	381	7	2002	2002	NUM
arjefm-81	381	8	)	)	PUNCT
arjefm-81	381	9	.	.	PUNCT
arjefm-81	382	1	unit	unit	NOUN
arjefm-81	382	2	root	root	NOUN
arjefm-81	382	3	tests	test	NOUN
arjefm-81	382	4	in	in	ADP
arjefm-81	382	5	panel	panel	NOUN
arjefm-81	382	6	data	datum	NOUN
arjefm-81	382	7	:	:	PUNCT
arjefm-81	382	8	asymptotic	asymptotic	ADJ
arjefm-81	382	9	and	and	CCONJ
arjefm-81	382	10	finite	finite	ADJ
arjefm-81	382	11	-	-	PUNCT
arjefm-81	382	12	sample	sample	NOUN
arjefm-81	382	13	properties	property	NOUN
arjefm-81	382	14	.	.	PUNCT
arjefm-81	383	1	journal	journal	PROPN
arjefm-81	383	2	of	of	ADP
arjefm-81	383	3	econometrics	econometric	NOUN
arjefm-81	383	4	,	,	PUNCT
arjefm-81	383	5	108	108	NUM
arjefm-81	383	6	(	(	PUNCT
arjefm-81	383	7	1	1	NUM
arjefm-81	383	8	)	)	PUNCT
arjefm-81	383	9	,	,	PUNCT
arjefm-81	383	10	1–24	1–24	PROPN
arjefm-81	383	11	.	.	PUNCT
arjefm-81	384	1	maddala	maddala	PROPN
arjefm-81	384	2	,	,	PUNCT
arjefm-81	384	3	g.s	g.s	PROPN
arjefm-81	384	4	.	.	PROPN
arjefm-81	384	5	and	and	CCONJ
arjefm-81	384	6	wu	wu	PROPN
arjefm-81	384	7	,	,	PUNCT
arjefm-81	384	8	s.	s.	PROPN
arjefm-81	384	9	,	,	PUNCT
arjefm-81	384	10	(	(	PUNCT
arjefm-81	384	11	1999	1999	NUM
arjefm-81	384	12	)	)	PUNCT
arjefm-81	384	13	.	.	PUNCT
arjefm-81	385	1	a	a	DET
arjefm-81	385	2	comparative	comparative	ADJ
arjefm-81	385	3	study	study	NOUN
arjefm-81	385	4	of	of	ADP
arjefm-81	385	5	unit	unit	NOUN
arjefm-81	385	6	root	root	NOUN
arjefm-81	385	7	tests	test	NOUN
arjefm-81	385	8	with	with	ADP
arjefm-81	385	9	panel	panel	NOUN
arjefm-81	385	10	data	datum	NOUN
arjefm-81	385	11	and	and	CCONJ
arjefm-81	385	12	a	a	DET
arjefm-81	385	13	new	new	ADJ
arjefm-81	385	14	simple	simple	ADJ
arjefm-81	385	15	test	test	NOUN
arjefm-81	385	16	.	.	PUNCT
arjefm-81	386	1	oxford	oxford	ADJ
arjefm-81	386	2	bulletin	bulletin	NOUN
arjefm-81	386	3	of	of	ADP
arjefm-81	386	4	economics	economic	NOUN
arjefm-81	386	5	and	and	CCONJ
arjefm-81	386	6	statistics	statistic	NOUN
arjefm-81	386	7	,	,	PUNCT
arjefm-81	386	8	61	61	NUM
arjefm-81	386	9	,	,	PUNCT
arjefm-81	386	10	631	631	NUM
arjefm-81	386	11	-	-	SYM
arjefm-81	386	12	652	652	NUM
arjefm-81	386	13	.	.	PUNCT
arjefm-81	387	1	mamatzakis	mamatzakis	PROPN
arjefm-81	387	2	,	,	PUNCT
arjefm-81	387	3	e.	e.	PROPN
arjefm-81	387	4	c.	c.	PROPN
arjefm-81	387	5	,	,	PUNCT
arjefm-81	387	6	remoundos	remoundo	NOUN
arjefm-81	387	7	,	,	PUNCT
arjefm-81	387	8	p.	p.	PROPN
arjefm-81	387	9	c.	c.	PROPN
arjefm-81	387	10	,	,	PUNCT
arjefm-81	387	11	(	(	PUNCT
arjefm-81	387	12	2003	2003	NUM
arjefm-81	387	13	)	)	PUNCT
arjefm-81	387	14	.	.	PUNCT
arjefm-81	388	1	determinants	determinant	NOUN
arjefm-81	388	2	of	of	ADP
arjefm-81	388	3	greek	greek	ADJ
arjefm-81	388	4	commercial	commercial	ADJ
arjefm-81	388	5	banks	bank	NOUN
arjefm-81	388	6	profitability	profitability	NOUN
arjefm-81	388	7	,	,	PUNCT
arjefm-81	388	8	1989	1989	NUM
arjefm-81	388	9	-	-	SYM
arjefm-81	388	10	2000	2000	NUM
arjefm-81	388	11	.	.	PUNCT
arjefm-81	389	1	spoudai	spoudai	PROPN
arjefm-81	389	2	53(1	53(1	PROPN
arjefm-81	389	3	)	)	PUNCT
arjefm-81	389	4	,	,	PUNCT
arjefm-81	389	5	84	84	NUM
arjefm-81	389	6	-	-	SYM
arjefm-81	389	7	94	94	NUM
arjefm-81	389	8	.	.	PUNCT
arjefm-81	390	1	molyneux	molyneux	PROPN
arjefm-81	390	2	,	,	PUNCT
arjefm-81	390	3	p.	p.	PROPN
arjefm-81	390	4	&	&	CCONJ
arjefm-81	390	5	thornton	thornton	PROPN
arjefm-81	390	6	,	,	PUNCT
arjefm-81	390	7	j.	j.	PROPN
arjefm-81	390	8	(	(	PUNCT
arjefm-81	390	9	1992	1992	NUM
arjefm-81	390	10	)	)	PUNCT
arjefm-81	390	11	.	.	PUNCT
arjefm-81	391	1	determinants	determinant	NOUN
arjefm-81	391	2	of	of	ADP
arjefm-81	391	3	european	european	PROPN
arjefm-81	391	4	bank	bank	PROPN
arjefm-81	391	5	profitability	profitability	NOUN
arjefm-81	391	6	:	:	PUNCT
arjefm-81	391	7	a	a	DET
arjefm-81	391	8	note	note	NOUN
arjefm-81	391	9	.	.	PUNCT
arjefm-81	392	1	journal	journal	NOUN
arjefm-81	392	2	of	of	ADP
arjefm-81	392	3	banking	banking	NOUN
arjefm-81	392	4	&	&	CCONJ
arjefm-81	392	5	finance	finance	PROPN
arjefm-81	392	6	,	,	PUNCT
arjefm-81	392	7	16(6	16(6	NUM
arjefm-81	392	8	)	)	PUNCT
arjefm-81	392	9	,	,	PUNCT
arjefm-81	392	10	1173-1178.http://doi.org/10.1016/0378-4266(92)90065-8	1173-1178.http://doi.org/10.1016/0378-4266(92)90065-8	NUM
arjefm-81	392	11	naceur	naceur	ADV
arjefm-81	392	12	,	,	PUNCT
arjefm-81	392	13	s.	s.	PROPN
arjefm-81	392	14	b	b	PROPN
arjefm-81	392	15	&	&	CCONJ
arjefm-81	392	16	goaied	goaie	VERB
arjefm-81	392	17	,	,	PUNCT
arjefm-81	392	18	m	m	VERB
arjefm-81	392	19	(	(	PUNCT
arjefm-81	392	20	2008	2008	NUM
arjefm-81	392	21	)	)	PUNCT
arjefm-81	392	22	.	.	PUNCT
arjefm-81	393	1	the	the	DET
arjefm-81	393	2	determinants	determinant	NOUN
arjefm-81	393	3	of	of	ADP
arjefm-81	393	4	commercial	commercial	ADJ
arjefm-81	393	5	bank	bank	NOUN
arjefm-81	393	6	interest	interest	NOUN
arjefm-81	393	7	margin	margin	NOUN
arjefm-81	393	8	and	and	CCONJ
arjefm-81	393	9	profitability	profitability	NOUN
arjefm-81	393	10	:	:	PUNCT
arjefm-81	393	11	evidence	evidence	NOUN
arjefm-81	393	12	from	from	ADP
arjefm-81	393	13	tunisia	tunisia	PROPN
arjefm-81	393	14	.	.	PUNCT
arjefm-81	394	1	frontiers	frontier	NOUN
arjefm-81	394	2	in	in	ADP
arjefm-81	394	3	finance	finance	NOUN
arjefm-81	394	4	and	and	CCONJ
arjefm-81	394	5	economics	economic	NOUN
arjefm-81	394	6	,	,	PUNCT
arjefm-81	394	7	5(1	5(1	NUM
arjefm-81	394	8	)	)	PUNCT
arjefm-81	394	9	,	,	PUNCT
arjefm-81	394	10	106	106	NUM
arjefm-81	394	11	-	-	SYM
arjefm-81	394	12	130	130	NUM
arjefm-81	394	13	naceur	naceur	ADV
arjefm-81	394	14	,	,	PUNCT
arjefm-81	394	15	s.	s.	PROPN
arjefm-81	394	16	b.	b.	PROPN
arjefm-81	394	17	&	&	CCONJ
arjefm-81	394	18	omran	omran	PROPN
arjefm-81	394	19	,	,	PUNCT
arjefm-81	394	20	m.	m.	NOUN
arjefm-81	394	21	(	(	PUNCT
arjefm-81	394	22	2011	2011	NUM
arjefm-81	394	23	)	)	PUNCT
arjefm-81	394	24	.	.	PUNCT
arjefm-81	395	1	the	the	DET
arjefm-81	395	2	effects	effect	NOUN
arjefm-81	395	3	of	of	ADP
arjefm-81	395	4	bank	bank	NOUN
arjefm-81	395	5	regulations	regulation	NOUN
arjefm-81	395	6	,	,	PUNCT
arjefm-81	395	7	competition	competition	NOUN
arjefm-81	395	8	,	,	PUNCT
arjefm-81	395	9	and	and	CCONJ
arjefm-81	395	10	financial	financial	ADJ
arjefm-81	395	11	reforms	reform	NOUN
arjefm-81	395	12	on	on	ADP
arjefm-81	395	13	banks	bank	NOUN
arjefm-81	395	14	'	'	PART
arjefm-81	395	15	performance	performance	NOUN
arjefm-81	395	16	.	.	PUNCT
arjefm-81	396	1	emerging	emerge	VERB
arjefm-81	396	2	markets	market	NOUN
arjefm-81	396	3	review	review	NOUN
arjefm-81	396	4	,	,	PUNCT
arjefm-81	396	5	12	12	NUM
arjefm-81	396	6	(	(	PUNCT
arjefm-81	396	7	1	1	NUM
arjefm-81	396	8	)	)	PUNCT
arjefm-81	396	9	,	,	PUNCT
arjefm-81	396	10	1	1	NUM
arjefm-81	396	11	-	-	SYM
arjefm-81	396	12	20	20	NUM
arjefm-81	396	13	.	.	PUNCT
arjefm-81	397	1	oxford	oxford	PROPN
arjefm-81	397	2	analytica	analytica	PROPN
arjefm-81	397	3	.	.	PUNCT
arjefm-81	398	1	daily	daily	ADJ
arjefm-81	398	2	brief	brief	NOUN
arjefm-81	398	3	on	on	ADP
arjefm-81	398	4	finance	finance	NOUN
arjefm-81	398	5	.	.	PUNCT
arjefm-81	399	1	ttps://dailybrief.oxan.com/sectors/finance	ttps://dailybrief.oxan.com/sectors/finance	NOUN
arjefm-81	399	2	park	park	NOUN
arjefm-81	399	3	,	,	PUNCT
arjefm-81	399	4	k.	k.	PROPN
arjefm-81	399	5	h.	h.	PROPN
arjefm-81	399	6	,	,	PUNCT
arjefm-81	399	7	&	&	CCONJ
arjefm-81	399	8	weber	weber	PROPN
arjefm-81	399	9	,	,	PUNCT
arjefm-81	399	10	w.	w.	PROPN
arjefm-81	399	11	l.	l.	PROPN
arjefm-81	399	12	(	(	PUNCT
arjefm-81	399	13	2006	2006	NUM
arjefm-81	399	14	)	)	PUNCT
arjefm-81	399	15	,	,	PUNCT
arjefm-81	399	16	profitability	profitability	NOUN
arjefm-81	399	17	of	of	ADP
arjefm-81	399	18	korean	korean	ADJ
arjefm-81	399	19	banks	bank	NOUN
arjefm-81	399	20	:	:	PUNCT
arjefm-81	399	21	test	test	NOUN
arjefm-81	399	22	of	of	ADP
arjefm-81	399	23	market	market	NOUN
arjefm-81	399	24	structure	structure	NOUN
arjefm-81	399	25	versus	versus	ADP
arjefm-81	399	26	efficient	efficient	ADJ
arjefm-81	399	27	structure	structure	NOUN
arjefm-81	399	28	.	.	PUNCT
arjefm-81	400	1	journal	journal	PROPN
arjefm-81	400	2	of	of	ADP
arjefm-81	400	3	economics	economic	NOUN
arjefm-81	400	4	and	and	CCONJ
arjefm-81	400	5	business	business	NOUN
arjefm-81	400	6	,	,	PUNCT
arjefm-81	400	7	58(3	58(3	NUM
arjefm-81	400	8	)	)	PUNCT
arjefm-81	400	9	,	,	PUNCT
arjefm-81	400	10	222–239	222–239	NUM
arjefm-81	400	11	.	.	PUNCT
arjefm-81	401	1	http://doi.org/10.1016/j.jeconbus.2005.09.003	http://doi.org/10.1016/j.jeconbus.2005.09.003	NOUN
arjefm-81	401	2	pasiouras	pasioura	NOUN
arjefm-81	401	3	,	,	PUNCT
arjefm-81	401	4	f.	f.	PROPN
arjefm-81	401	5	&	&	CCONJ
arjefm-81	401	6	kosmidou	kosmidou	PROPN
arjefm-81	401	7	,	,	PUNCT
arjefm-81	401	8	k.	k.	PROPN
arjefm-81	401	9	(	(	PUNCT
arjefm-81	401	10	2007	2007	NUM
arjefm-81	401	11	)	)	PUNCT
arjefm-81	401	12	.	.	PUNCT
arjefm-81	402	1	factors	factor	NOUN
arjefm-81	402	2	influencing	influence	VERB
arjefm-81	402	3	the	the	DET
arjefm-81	402	4	profitability	profitability	NOUN
arjefm-81	402	5	of	of	ADP
arjefm-81	402	6	domestic	domestic	ADJ
arjefm-81	402	7	and	and	CCONJ
arjefm-81	402	8	foreign	foreign	ADJ
arjefm-81	402	9	commercial	commercial	ADJ
arjefm-81	402	10	banks	bank	NOUN
arjefm-81	402	11	in	in	ADP
arjefm-81	402	12	the	the	DET
arjefm-81	402	13	european	european	PROPN
arjefm-81	402	14	union	union	PROPN
arjefm-81	402	15	.	.	PUNCT
arjefm-81	403	1	international	international	ADJ
arjefm-81	403	2	business	business	NOUN
arjefm-81	403	3	and	and	CCONJ
arjefm-81	403	4	finance	finance	NOUN
arjefm-81	403	5	,	,	PUNCT
arjefm-81	403	6	21	21	NUM
arjefm-81	403	7	,	,	PUNCT
arjefm-81	403	8	222	222	NUM
arjefm-81	403	9	-	-	SYM
arjefm-81	403	10	237	237	NUM
arjefm-81	403	11	.	.	PUNCT
arjefm-81	403	12	pedroni	pedroni	NOUN
arjefm-81	403	13	,	,	PUNCT
arjefm-81	403	14	p.	p.	NOUN
arjefm-81	403	15	(	(	PUNCT
arjefm-81	403	16	2004	2004	NUM
arjefm-81	403	17	)	)	PUNCT
arjefm-81	403	18	.	.	PUNCT
arjefm-81	404	1	panel	panel	NOUN
arjefm-81	404	2	cointegration	cointegration	NOUN
arjefm-81	404	3	;	;	PUNCT
arjefm-81	404	4	asymptotic	asymptotic	ADJ
arjefm-81	404	5	and	and	CCONJ
arjefm-81	404	6	finite	finite	ADJ
arjefm-81	404	7	sample	sample	NOUN
arjefm-81	404	8	properties	property	NOUN
arjefm-81	404	9	of	of	ADP
arjefm-81	404	10	pooled	pool	VERB
arjefm-81	404	11	time	time	NOUN
arjefm-81	404	12	series	series	NOUN
arjefm-81	404	13	tests	test	NOUN
arjefm-81	404	14	,	,	PUNCT
arjefm-81	404	15	with	with	ADP
arjefm-81	404	16	an	an	DET
arjefm-81	404	17	application	application	NOUN
arjefm-81	404	18	to	to	ADP
arjefm-81	404	19	the	the	DET
arjefm-81	404	20	ppp	ppp	PROPN
arjefm-81	404	21	hypothesis	hypothesis	NOUN
arjefm-81	404	22	.	.	PUNCT
arjefm-81	405	1	econometric	econometric	PROPN
arjefm-81	405	2	theory	theory	NOUN
arjefm-81	405	3	,	,	PUNCT
arjefm-81	405	4	20:575–625	20:575–625	PROPN
arjefm-81	405	5	.	.	PUNCT
arjefm-81	405	6	petria	petria	PROPN
arjefm-81	405	7	,	,	PUNCT
arjefm-81	405	8	n.	n.	NOUN
arjefm-81	405	9	,	,	PUNCT
arjefm-81	405	10	capraru	capraru	PROPN
arjefm-81	405	11	,	,	PUNCT
arjefm-81	405	12	b.	b.	PROPN
arjefm-81	405	13	,	,	PUNCT
arjefm-81	405	14	&	&	CCONJ
arjefm-81	405	15	ihnatov	ihnatov	PROPN
arjefm-81	405	16	,	,	PUNCT
arjefm-81	405	17	i.	i.	PROPN
arjefm-81	405	18	(	(	PUNCT
arjefm-81	405	19	2015	2015	NUM
arjefm-81	405	20	)	)	PUNCT
arjefm-81	405	21	,	,	PUNCT
arjefm-81	405	22	determinants	determinant	NOUN
arjefm-81	405	23	of	of	ADP
arjefm-81	405	24	banks	bank	NOUN
arjefm-81	405	25	’	'	PUNCT
arjefm-81	405	26	profitability	profitability	NOUN
arjefm-81	405	27	:	:	PUNCT
arjefm-81	405	28	evidence	evidence	NOUN
arjefm-81	405	29	from	from	ADP
arjefm-81	405	30	eu	eu	PROPN
arjefm-81	405	31	27	27	NUM
arjefm-81	405	32	banking	banking	NOUN
arjefm-81	405	33	systems	system	NOUN
arjefm-81	405	34	.	.	PUNCT
arjefm-81	406	1	procedia	procedia	NOUN
arjefm-81	406	2	economics	economic	NOUN
arjefm-81	406	3	and	and	CCONJ
arjefm-81	406	4	finance	finance	NOUN
arjefm-81	406	5	,	,	PUNCT
arjefm-81	406	6	20(15	20(15	NUM
arjefm-81	406	7	)	)	PUNCT
arjefm-81	406	8	,	,	PUNCT
arjefm-81	406	9	518–524	518–524	NUM
arjefm-81	406	10	.	.	PUNCT
arjefm-81	407	1	http://doi.org/10.1016/s2212-5671(15)00104-5	http://doi.org/10.1016/s2212-5671(15)00104-5	PROPN
arjefm-81	407	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	407	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-81	408	1	american	american	PROPN
arjefm-81	408	2	research	research	PROPN
arjefm-81	408	3	journal	journal	PROPN
arjefm-81	408	4	of	of	ADP
arjefm-81	408	5	economics	economic	NOUN
arjefm-81	408	6	,	,	PUNCT
arjefm-81	408	7	finance	finance	NOUN
arjefm-81	408	8	and	and	CCONJ
arjefm-81	408	9	management	management	NOUN
arjefm-81	408	10	volume	volume	NOUN
arjefm-81	408	11	11	11	NUM
arjefm-81	408	12	issue	issue	NOUN
arjefm-81	408	13	2	2	NUM
arjefm-81	408	14	,	,	PUNCT
arjefm-81	408	15	april	april	PROPN
arjefm-81	408	16	-	-	PUNCT
arjefm-81	408	17	june	june	PROPN
arjefm-81	408	18	2023	2023	NUM
arjefm-81	408	19	issn	issn	PROPN
arjefm-81	408	20	:	:	PUNCT
arjefm-81	408	21	2836	2836	NUM
arjefm-81	408	22	-	-	SYM
arjefm-81	408	23	9416	9416	NUM
arjefm-81	408	24	impact	impact	NOUN
arjefm-81	408	25	factor	factor	NOUN
arjefm-81	408	26	:	:	PUNCT
arjefm-81	408	27	5.57	5.57	NUM
arjefm-81	408	28	journal	journal	NOUN
arjefm-81	408	29	homepage	homepage	NOUN
arjefm-81	408	30	:	:	PUNCT
arjefm-81	408	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	408	32	,	,	PUNCT
arjefm-81	408	33	email	email	NOUN
arjefm-81	408	34	:	:	PUNCT
arjefm-81	408	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-81	408	36	official	official	ADJ
arjefm-81	408	37	journal	journal	PROPN
arjefm-81	408	38	of	of	ADP
arjefm-81	408	39	america	america	PROPN
arjefm-81	408	40	serial	serial	PROPN
arjefm-81	408	41	publication	publication	NOUN
arjefm-81	408	42	american	american	PROPN
arjefm-81	408	43	research	research	PROPN
arjefm-81	408	44	journal	journal	PROPN
arjefm-81	408	45	of	of	ADP
arjefm-81	408	46	economics	economic	NOUN
arjefm-81	408	47	,	,	PUNCT
arjefm-81	408	48	finance	finance	NOUN
arjefm-81	408	49	and	and	CCONJ
arjefm-81	408	50	management	management	NOUN
arjefm-81	408	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-81	408	52	,	,	PUNCT
arjefm-81	408	53	email	email	NOUN
arjefm-81	408	54	:	:	PUNCT
arjefm-81	408	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-81	409	1	55	55	NUM
arjefm-81	410	1	|	|	ADV
arjefm-81	410	2	p	p	NOUN
arjefm-81	410	3	a	a	DET
arjefm-81	410	4	g	g	NOUN
arjefm-81	410	5	e	e	X
arjefm-81	410	6	short	short	ADJ
arjefm-81	410	7	,	,	PUNCT
arjefm-81	410	8	b.	b.	PROPN
arjefm-81	410	9	(	(	PUNCT
arjefm-81	410	10	1979	1979	NUM
arjefm-81	410	11	)	)	PUNCT
arjefm-81	410	12	.	.	PUNCT
arjefm-81	411	1	the	the	DET
arjefm-81	411	2	relationship	relationship	NOUN
arjefm-81	411	3	between	between	ADP
arjefm-81	411	4	commercial	commercial	ADJ
arjefm-81	411	5	bank	bank	NOUN
arjefm-81	411	6	profit	profit	NOUN
arjefm-81	411	7	rates	rate	NOUN
arjefm-81	411	8	andbanking	andbanking	VERB
arjefm-81	411	9	concentration	concentration	NOUN
arjefm-81	411	10	in	in	ADP
arjefm-81	411	11	canada	canada	PROPN
arjefm-81	411	12	,	,	PUNCT
arjefm-81	411	13	western	western	PROPN
arjefm-81	411	14	europe	europe	PROPN
arjefm-81	411	15	and	and	CCONJ
arjefm-81	411	16	japan	japan	PROPN
arjefm-81	411	17	.	.	PUNCT
arjefm-81	412	1	journal	journal	PROPN
arjefm-81	412	2	of	of	ADP
arjefm-81	412	3	banking	banking	NOUN
arjefm-81	412	4	and	and	CCONJ
arjefm-81	412	5	finance	finance	NOUN
arjefm-81	412	6	,	,	PUNCT
arjefm-81	412	7	3(3	3(3	NUM
arjefm-81	412	8	)	)	PUNCT
arjefm-81	412	9	,	,	PUNCT
arjefm-81	412	10	209	209	NUM
arjefm-81	412	11	-	-	SYM
arjefm-81	412	12	219	219	NUM
arjefm-81	412	13	sufian	sufian	PROPN
arjefm-81	412	14	,	,	PUNCT
arjefm-81	412	15	f.	f.	PROPN
arjefm-81	412	16	&	&	CCONJ
arjefm-81	412	17	habibullah	habibullah	PROPN
arjefm-81	412	18	,	,	PUNCT
arjefm-81	412	19	m.s	m.s	PROPN
arjefm-81	412	20	.	.	PUNCT
arjefm-81	413	1	(	(	PUNCT
arjefm-81	413	2	2010).developments	2010).development	NOUN
arjefm-81	413	3	in	in	ADP
arjefm-81	413	4	the	the	DET
arjefm-81	413	5	efficiency	efficiency	NOUN
arjefm-81	413	6	of	of	ADP
arjefm-81	413	7	the	the	DET
arjefm-81	413	8	thailand	thailand	PROPN
arjefm-81	413	9	banking	banking	NOUN
arjefm-81	413	10	sector	sector	NOUN
arjefm-81	413	11	:	:	PUNCT
arjefm-81	413	12	a	a	DET
arjefm-81	413	13	dea	dea	PROPN
arjefm-81	413	14	approach	approach	NOUN
arjefm-81	413	15	.	.	PUNCT
arjefm-81	414	1	international	international	ADJ
arjefm-81	414	2	journal	journal	PROPN
arjefm-81	414	3	of	of	ADP
arjefm-81	414	4	development	development	NOUN
arjefm-81	414	5	issues	issue	NOUN
arjefm-81	414	6	,	,	PUNCT
arjefm-81	414	7	9(3	9(3	NUM
arjefm-81	414	8	)	)	PUNCT
arjefm-81	414	9	,	,	PUNCT
arjefm-81	414	10	226	226	NUM
arjefm-81	414	11	–	–	SYM
arjefm-81	414	12	245	245	NUM
arjefm-81	414	13	http://dx.doi.org/10.1108/14468951011073316	http://dx.doi.org/10.1108/14468951011073316	NOUN
arjefm-81	414	14	.	.	PUNCT
arjefm-81	415	1	sufian	sufian	PROPN
arjefm-81	415	2	,	,	PUNCT
arjefm-81	415	3	f.	f.	PROPN
arjefm-81	415	4	&	&	CCONJ
arjefm-81	415	5	habibullah	habibullah	PROPN
arjefm-81	415	6	,	,	PUNCT
arjefm-81	415	7	m.s	m.s	PROPN
arjefm-81	415	8	.	.	PROPN
arjefm-81	415	9	(	(	PUNCT
arjefm-81	415	10	2012	2012	NUM
arjefm-81	415	11	)	)	PUNCT
arjefm-81	415	12	.	.	PUNCT
arjefm-81	416	1	developments	development	NOUN
arjefm-81	416	2	in	in	ADP
arjefm-81	416	3	the	the	DET
arjefm-81	416	4	efficiency	efficiency	NOUN
arjefm-81	416	5	of	of	ADP
arjefm-81	416	6	the	the	DET
arjefm-81	416	7	malaysian	malaysian	ADJ
arjefm-81	416	8	banking	banking	NOUN
arjefm-81	416	9	sector	sector	NOUN
arjefm-81	416	10	:	:	PUNCT
arjefm-81	416	11	the	the	DET
arjefm-81	416	12	impacts	impact	NOUN
arjefm-81	416	13	of	of	ADP
arjefm-81	416	14	financial	financial	ADJ
arjefm-81	416	15	disruptions	disruption	NOUN
arjefm-81	416	16	and	and	CCONJ
arjefm-81	416	17	exchange	exchange	NOUN
arjefm-81	416	18	rate	rate	NOUN
arjefm-81	416	19	regimes	regime	NOUN
arjefm-81	416	20	.	.	PUNCT
arjefm-81	417	1	progress	progress	NOUN
arjefm-81	417	2	in	in	ADP
arjefm-81	417	3	development	development	NOUN
arjefm-81	417	4	studies	study	NOUN
arjefm-81	417	5	,	,	PUNCT
arjefm-81	417	6	sage	sage	NOUN
arjefm-81	417	7	publishing	publishing	NOUN
arjefm-81	417	8	,	,	PUNCT
arjefm-81	417	9	12(1	12(1	NUM
arjefm-81	417	10	)	)	PUNCT
arjefm-81	417	11	,	,	PUNCT
arjefm-81	417	12	19	19	NUM
arjefm-81	417	13	-	-	SYM
arjefm-81	417	14	46	46	NUM
arjefm-81	417	15	.	.	PUNCT
arjefm-81	418	1	tariq	tariq	PROPN
arjefm-81	418	2	,	,	PUNCT
arjefm-81	418	3	w.	w.	PROPN
arjefm-81	418	4	,	,	PUNCT
arjefm-81	418	5	usman	usman	PROPN
arjefm-81	418	6	,	,	PUNCT
arjefm-81	418	7	m.	m.	NOUN
arjefm-81	418	8	,	,	PUNCT
arjefm-81	418	9	mir	mir	PROPN
arjefm-81	418	10	,	,	PUNCT
arjefm-81	418	11	h.z	h.z	PROPN
arjefm-81	418	12	.	.	PROPN
arjefm-81	418	13	,	,	PUNCT
arjefm-81	418	14	aman	aman	PROPN
arjefm-81	418	15	,	,	PUNCT
arjefm-81	418	16	i.	i.	PROPN
arjefm-81	418	17	&	&	CCONJ
arjefm-81	418	18	ali	ali	PROPN
arjefm-81	418	19	,	,	PUNCT
arjefm-81	418	20	i.	i.	PROPN
arjefm-81	418	21	(	(	PUNCT
arjefm-81	418	22	2014	2014	NUM
arjefm-81	418	23	)	)	PUNCT
arjefm-81	418	24	.	.	PUNCT
arjefm-81	419	1	determinants	determinant	NOUN
arjefm-81	419	2	of	of	ADP
arjefm-81	419	3	commercial	commercial	ADJ
arjefm-81	419	4	banks	bank	NOUN
arjefm-81	419	5	profitability	profitability	NOUN
arjefm-81	419	6	:	:	PUNCT
arjefm-81	419	7	empirical	empirical	ADJ
arjefm-81	419	8	evidence	evidence	NOUN
arjefm-81	419	9	from	from	ADP
arjefm-81	419	10	pakistan	pakistan	PROPN
arjefm-81	419	11	.	.	PUNCT
arjefm-81	420	1	international	international	ADJ
arjefm-81	420	2	journal	journal	PROPN
arjefm-81	420	3	of	of	ADP
arjefm-81	420	4	accounting	accounting	NOUN
arjefm-81	420	5	and	and	CCONJ
arjefm-81	420	6	financial	financial	ADJ
arjefm-81	420	7	reporting	reporting	NOUN
arjefm-81	420	8	,	,	PUNCT
arjefm-81	420	9	4(2	4(2	NUM
arjefm-81	420	10	)	)	PUNCT
arjefm-81	420	11	,	,	PUNCT
arjefm-81	420	12	2162	2162	NUM
arjefm-81	420	13	-	-	SYM
arjefm-81	420	14	3082	3082	NUM
arjefm-81	420	15	.	.	PUNCT
arjefm-81	421	1	http://dx.doi.org/10.5296/ijafr.v4i2.5939	http://dx.doi.org/10.5296/ijafr.v4i2.5939	X
arjefm-81	421	2	titko	titko	PROPN
arjefm-81	421	3	,	,	PUNCT
arjefm-81	421	4	j.	j.	PROPN
arjefm-81	421	5	,	,	PUNCT
arjefm-81	421	6	skvarciany	skvarciany	PROPN
arjefm-81	421	7	,	,	PUNCT
arjefm-81	421	8	v.	v.	PROPN
arjefm-81	421	9	,	,	PUNCT
arjefm-81	421	10	&	&	CCONJ
arjefm-81	421	11	jurevičienė	jurevičienė	PROPN
arjefm-81	421	12	,	,	PUNCT
arjefm-81	421	13	d.	d.	PROPN
arjefm-81	421	14	(	(	PUNCT
arjefm-81	421	15	2015	2015	NUM
arjefm-81	421	16	)	)	PUNCT
arjefm-81	421	17	,	,	PUNCT
arjefm-81	421	18	drivers	driver	NOUN
arjefm-81	421	19	of	of	ADP
arjefm-81	421	20	bank	bank	NOUN
arjefm-81	421	21	profitability	profitability	NOUN
arjefm-81	421	22	:	:	PUNCT
arjefm-81	421	23	case	case	NOUN
arjefm-81	421	24	of	of	ADP
arjefm-81	421	25	latvia	latvia	PROPN
arjefm-81	421	26	and	and	CCONJ
arjefm-81	421	27	lithuania	lithuania	PROPN
arjefm-81	421	28	.	.	PUNCT
arjefm-81	422	1	intellectual	intellectual	ADJ
arjefm-81	422	2	economics	economic	NOUN
arjefm-81	422	3	,	,	PUNCT
arjefm-81	422	4	9(2	9(2	NUM
arjefm-81	422	5	)	)	PUNCT
arjefm-81	422	6	,	,	PUNCT
arjefm-81	422	7	120–129	120–129	NUM
arjefm-81	422	8	.	.	PUNCT
arjefm-81	423	1	http://doi.org/10.1016/j.intele.2016.02.003	http://doi.org/10.1016/j.intele.2016.02.003	PROPN
arjefm-81	423	2	trujillo	trujillo	PROPN
arjefm-81	423	3	-	-	PUNCT
arjefm-81	423	4	ponce	ponce	NOUN
arjefm-81	423	5	,	,	PUNCT
arjefm-81	423	6	a.	a.	NOUN
arjefm-81	423	7	(	(	PUNCT
arjefm-81	423	8	2013	2013	NUM
arjefm-81	423	9	)	)	PUNCT
arjefm-81	423	10	.	.	PUNCT
arjefm-81	424	1	what	what	PRON
arjefm-81	424	2	determines	determine	VERB
arjefm-81	424	3	the	the	DET
arjefm-81	424	4	profitability	profitability	NOUN
arjefm-81	424	5	of	of	ADP
arjefm-81	424	6	banks	bank	NOUN
arjefm-81	424	7	?	?	PUNCT
arjefm-81	425	1	evidence	evidence	NOUN
arjefm-81	425	2	from	from	ADP
arjefm-81	425	3	spain	spain	PROPN
arjefm-81	425	4	.	.	PUNCT
arjefm-81	426	1	accounting	accounting	PROPN
arjefm-81	426	2	&	&	CCONJ
arjefm-81	426	3	finance	finance	PROPN
arjefm-81	426	4	,	,	PUNCT
arjefm-81	426	5	53	53	NUM
arjefm-81	426	6	:	:	PUNCT
arjefm-81	426	7	561–586	561–586	NUM
arjefm-81	426	8	.	.	PUNCT
arjefm-81	427	1	doi:10.1111	doi:10.1111	ADJ
arjefm-81	427	2	/	/	SYM
arjefm-81	427	3	j.1467	j.1467	ADV
arjefm-81	427	4	-	-	PUNCT
arjefm-81	427	5	629x.2011.00466.x	629x.2011.00466.x	ADJ
arjefm-81	427	6	.	.	PUNCT
arjefm-81	428	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-81	428	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X