id	sid	tid	token	lemma	pos
abrj-501	1	1	67	67	NUM
abrj-501	1	2	©	©	PROPN
abrj-501	1	3	2025	2025	NUM
abrj-501	1	4	by	by	ADP
abrj-501	1	5	the	the	DET
abrj-501	1	6	author	author	NOUN
abrj-501	1	7	;	;	PUNCT
abrj-501	1	8	licensee	licensee	NOUN
abrj-501	1	9	eastern	eastern	ADJ
abrj-501	1	10	centre	centre	NOUN
abrj-501	1	11	of	of	ADP
abrj-501	1	12	science	science	NOUN
abrj-501	1	13	and	and	CCONJ
abrj-501	1	14	education	education	NOUN
abrj-501	1	15	,	,	PUNCT
abrj-501	1	16	usa	usa	PROPN
abrj-501	1	17	asian	asian	PROPN
abrj-501	1	18	business	business	PROPN
abrj-501	1	19	research	research	PROPN
abrj-501	1	20	journal	journal	PROPN
abrj-501	1	21	vol	vol	NOUN
abrj-501	1	22	.	.	PROPN
abrj-501	2	1	10	10	NUM
abrj-501	2	2	,	,	PUNCT
abrj-501	2	3	no	no	INTJ
abrj-501	2	4	.	.	NOUN
abrj-501	2	5	7	7	NUM
abrj-501	2	6	,	,	PUNCT
abrj-501	2	7	67	67	NUM
abrj-501	2	8	-	-	SYM
abrj-501	2	9	75	75	NUM
abrj-501	2	10	,	,	PUNCT
abrj-501	2	11	2025	2025	NUM
abrj-501	2	12	issn	issn	NOUN
abrj-501	2	13	:	:	PUNCT
abrj-501	2	14	2576	2576	NUM
abrj-501	2	15	-	-	SYM
abrj-501	2	16	6759	6759	NUM
abrj-501	2	17	doi	doi	NOUN
abrj-501	2	18	:	:	PUNCT
abrj-501	2	19	10.55220/2576	10.55220/2576	NUM
abrj-501	2	20	-	-	SYM
abrj-501	2	21	6759.501	6759.501	NUM
abrj-501	2	22	©	©	ADP
abrj-501	2	23	2025	2025	NUM
abrj-501	2	24	by	by	ADP
abrj-501	2	25	the	the	DET
abrj-501	2	26	author	author	NOUN
abrj-501	2	27	;	;	PUNCT
abrj-501	2	28	licensee	licensee	NOUN
abrj-501	2	29	eastern	eastern	ADJ
abrj-501	2	30	centre	centre	NOUN
abrj-501	2	31	of	of	ADP
abrj-501	2	32	science	science	NOUN
abrj-501	2	33	and	and	CCONJ
abrj-501	2	34	education	education	NOUN
abrj-501	2	35	,	,	PUNCT
abrj-501	2	36	usa	usa	PROPN
abrj-501	2	37	business	business	PROPN
abrj-501	2	38	analytics	analytic	NOUN
abrj-501	2	39	and	and	CCONJ
abrj-501	2	40	financial	financial	ADJ
abrj-501	2	41	leverage	leverage	NOUN
abrj-501	2	42	optimization	optimization	NOUN
abrj-501	2	43	:	:	PUNCT
abrj-501	2	44	empirical	empirical	ADJ
abrj-501	2	45	evidence	evidence	NOUN
abrj-501	2	46	from	from	ADP
abrj-501	2	47	vietnamese	vietnamese	ADJ
abrj-501	2	48	corporate	corporate	ADJ
abrj-501	2	49	debt	debt	NOUN
abrj-501	2	50	decision	decision	NOUN
abrj-501	2	51	-	-	PUNCT
abrj-501	2	52	making	make	VERB
abrj-501	2	53	hien	hien	PROPN
abrj-501	2	54	trang	trang	PROPN
abrj-501	2	55	le	le	PROPN
abrj-501	2	56	vinschool	vinschool	VERB
abrj-501	2	57	the	the	DET
abrj-501	2	58	harmony	harmony	NOUN
abrj-501	2	59	,	,	PUNCT
abrj-501	2	60	vietnam	vietnam	PROPN
abrj-501	2	61	.	.	PUNCT
abrj-501	3	1	email	email	NOUN
abrj-501	3	2	:	:	PUNCT
abrj-501	3	3	coppycat2007@gmail.com	coppycat2007@gmail.com	X
abrj-501	4	1	abstract	abstract	ADJ
abrj-501	4	2	this	this	DET
abrj-501	4	3	study	study	NOUN
abrj-501	4	4	examines	examine	VERB
abrj-501	4	5	the	the	DET
abrj-501	4	6	influence	influence	NOUN
abrj-501	4	7	of	of	ADP
abrj-501	4	8	business	business	NOUN
abrj-501	4	9	analytics	analytic	NOUN
abrj-501	4	10	capabilities	capability	NOUN
abrj-501	4	11	on	on	ADP
abrj-501	4	12	corporate	corporate	ADJ
abrj-501	4	13	financial	financial	ADJ
abrj-501	4	14	leverage	leverage	NOUN
abrj-501	4	15	optimization	optimization	NOUN
abrj-501	4	16	within	within	ADP
abrj-501	4	17	the	the	DET
abrj-501	4	18	vietnamese	vietnamese	ADJ
abrj-501	4	19	business	business	NOUN
abrj-501	4	20	environment	environment	PROPN
abrj-501	4	21	.	.	PUNCT
abrj-501	5	1	utilizing	utilize	VERB
abrj-501	5	2	a	a	DET
abrj-501	5	3	comprehensive	comprehensive	ADJ
abrj-501	5	4	panel	panel	NOUN
abrj-501	5	5	dataset	dataset	VERB
abrj-501	5	6	of	of	ADP
abrj-501	5	7	847	847	NUM
abrj-501	5	8	vietnamese	vietnamese	NOUN
abrj-501	5	9	publicly	publicly	ADV
abrj-501	5	10	listed	list	VERB
abrj-501	5	11	firms	firm	NOUN
abrj-501	5	12	spanning	span	VERB
abrj-501	5	13	2000	2000	NUM
abrj-501	5	14	-	-	SYM
abrj-501	5	15	2017	2017	NUM
abrj-501	5	16	,	,	PUNCT
abrj-501	5	17	this	this	DET
abrj-501	5	18	research	research	NOUN
abrj-501	5	19	employs	employ	VERB
abrj-501	5	20	advanced	advanced	ADJ
abrj-501	5	21	econometric	econometric	ADJ
abrj-501	5	22	methodologies	methodology	NOUN
abrj-501	5	23	,	,	PUNCT
abrj-501	5	24	including	include	VERB
abrj-501	5	25	fixed	fix	VERB
abrj-501	5	26	effects	effect	NOUN
abrj-501	5	27	estimation	estimation	NOUN
abrj-501	5	28	and	and	CCONJ
abrj-501	5	29	dynamic	dynamic	ADJ
abrj-501	5	30	panel	panel	NOUN
abrj-501	5	31	data	data	VERB
abrj-501	5	32	analysis	analysis	NOUN
abrj-501	5	33	through	through	ADP
abrj-501	5	34	the	the	DET
abrj-501	5	35	generalized	generalized	ADJ
abrj-501	5	36	method	method	NOUN
abrj-501	5	37	of	of	ADP
abrj-501	5	38	moments	moment	NOUN
abrj-501	5	39	(	(	PUNCT
abrj-501	5	40	gmm	gmm	NOUN
abrj-501	5	41	)	)	PUNCT
abrj-501	5	42	approach	approach	NOUN
abrj-501	5	43	.	.	PUNCT
abrj-501	6	1	the	the	DET
abrj-501	6	2	analysis	analysis	NOUN
abrj-501	6	3	reveals	reveal	VERB
abrj-501	6	4	that	that	SCONJ
abrj-501	6	5	firms	firm	NOUN
abrj-501	6	6	with	with	ADP
abrj-501	6	7	enhanced	enhanced	ADJ
abrj-501	6	8	business	business	NOUN
abrj-501	6	9	analytics	analytic	NOUN
abrj-501	6	10	capabilities	capability	NOUN
abrj-501	6	11	demonstrate	demonstrate	VERB
abrj-501	6	12	significantly	significantly	ADV
abrj-501	6	13	improved	improve	VERB
abrj-501	6	14	debtto	debtto	ADJ
abrj-501	6	15	-	-	PUNCT
abrj-501	6	16	equity	equity	NOUN
abrj-501	6	17	ratios	ratio	NOUN
abrj-501	6	18	,	,	PUNCT
abrj-501	6	19	with	with	ADP
abrj-501	6	20	a	a	DET
abrj-501	6	21	one	one	NUM
abrj-501	6	22	-	-	PUNCT
abrj-501	6	23	standard	standard	ADJ
abrj-501	6	24	-	-	PUNCT
abrj-501	6	25	deviation	deviation	NOUN
abrj-501	6	26	increase	increase	NOUN
abrj-501	6	27	in	in	ADP
abrj-501	6	28	analytics	analytic	NOUN
abrj-501	6	29	sophistication	sophistication	NOUN
abrj-501	6	30	associated	associate	VERB
abrj-501	6	31	with	with	ADP
abrj-501	6	32	a	a	DET
abrj-501	6	33	12.7	12.7	NUM
abrj-501	6	34	%	%	NOUN
abrj-501	6	35	reduction	reduction	NOUN
abrj-501	6	36	in	in	ADP
abrj-501	6	37	leverage	leverage	NOUN
abrj-501	6	38	inefficiencies	inefficiency	NOUN
abrj-501	6	39	.	.	PUNCT
abrj-501	7	1	the	the	DET
abrj-501	7	2	findings	finding	NOUN
abrj-501	7	3	indicate	indicate	VERB
abrj-501	7	4	that	that	SCONJ
abrj-501	7	5	business	business	NOUN
abrj-501	7	6	analytics	analytic	NOUN
abrj-501	7	7	facilitates	facilitate	VERB
abrj-501	7	8	superior	superior	ADJ
abrj-501	7	9	debt	debt	NOUN
abrj-501	7	10	capacity	capacity	NOUN
abrj-501	7	11	assessment	assessment	NOUN
abrj-501	7	12	,	,	PUNCT
abrj-501	7	13	optimal	optimal	ADJ
abrj-501	7	14	capital	capital	NOUN
abrj-501	7	15	structure	structure	NOUN
abrj-501	7	16	determination	determination	NOUN
abrj-501	7	17	,	,	PUNCT
abrj-501	7	18	and	and	CCONJ
abrj-501	7	19	enhanced	enhance	VERB
abrj-501	7	20	financial	financial	ADJ
abrj-501	7	21	risk	risk	NOUN
abrj-501	7	22	management	management	NOUN
abrj-501	7	23	.	.	PUNCT
abrj-501	8	1	furthermore	furthermore	ADV
abrj-501	8	2	,	,	PUNCT
abrj-501	8	3	the	the	DET
abrj-501	8	4	study	study	NOUN
abrj-501	8	5	demonstrates	demonstrate	VERB
abrj-501	8	6	that	that	SCONJ
abrj-501	8	7	these	these	DET
abrj-501	8	8	effects	effect	NOUN
abrj-501	8	9	are	be	AUX
abrj-501	8	10	particularly	particularly	ADV
abrj-501	8	11	pronounced	pronounce	VERB
abrj-501	8	12	among	among	ADP
abrj-501	8	13	medium	medium	ADJ
abrj-501	8	14	-	-	PUNCT
abrj-501	8	15	sized	sized	ADJ
abrj-501	8	16	enterprises	enterprise	NOUN
abrj-501	8	17	and	and	CCONJ
abrj-501	8	18	technology	technology	NOUN
abrj-501	8	19	-	-	PUNCT
abrj-501	8	20	intensive	intensive	ADJ
abrj-501	8	21	sectors	sector	NOUN
abrj-501	8	22	within	within	ADP
abrj-501	8	23	vietnam	vietnam	PROPN
abrj-501	8	24	's	's	PART
abrj-501	8	25	emerging	emerge	VERB
abrj-501	8	26	market	market	NOUN
abrj-501	8	27	context	context	NOUN
abrj-501	8	28	.	.	PUNCT
abrj-501	9	1	the	the	DET
abrj-501	9	2	research	research	NOUN
abrj-501	9	3	contributes	contribute	VERB
abrj-501	9	4	to	to	ADP
abrj-501	9	5	the	the	DET
abrj-501	9	6	growing	grow	VERB
abrj-501	9	7	literature	literature	NOUN
abrj-501	9	8	on	on	ADP
abrj-501	9	9	digital	digital	ADJ
abrj-501	9	10	transformation	transformation	NOUN
abrj-501	9	11	in	in	ADP
abrj-501	9	12	corporate	corporate	ADJ
abrj-501	9	13	finance	finance	NOUN
abrj-501	9	14	by	by	ADP
abrj-501	9	15	providing	provide	VERB
abrj-501	9	16	empirical	empirical	ADJ
abrj-501	9	17	evidence	evidence	NOUN
abrj-501	9	18	of	of	ADP
abrj-501	9	19	analytics	analytic	NOUN
abrj-501	9	20	-	-	PUNCT
abrj-501	9	21	driven	drive	VERB
abrj-501	9	22	financial	financial	ADJ
abrj-501	9	23	optimization	optimization	NOUN
abrj-501	9	24	in	in	ADP
abrj-501	9	25	emerging	emerge	VERB
abrj-501	9	26	economies	economy	NOUN
abrj-501	9	27	.	.	PUNCT
abrj-501	10	1	these	these	DET
abrj-501	10	2	findings	finding	NOUN
abrj-501	10	3	have	have	VERB
abrj-501	10	4	significant	significant	ADJ
abrj-501	10	5	implications	implication	NOUN
abrj-501	10	6	for	for	ADP
abrj-501	10	7	corporate	corporate	ADJ
abrj-501	10	8	financial	financial	ADJ
abrj-501	10	9	management	management	NOUN
abrj-501	10	10	practices	practice	NOUN
abrj-501	10	11	,	,	PUNCT
abrj-501	10	12	regulatory	regulatory	ADJ
abrj-501	10	13	policy	policy	NOUN
abrj-501	10	14	development	development	NOUN
abrj-501	10	15	,	,	PUNCT
abrj-501	10	16	and	and	CCONJ
abrj-501	10	17	the	the	DET
abrj-501	10	18	strategic	strategic	ADJ
abrj-501	10	19	deployment	deployment	NOUN
abrj-501	10	20	of	of	ADP
abrj-501	10	21	analytical	analytical	ADJ
abrj-501	10	22	technologies	technology	NOUN
abrj-501	10	23	in	in	ADP
abrj-501	10	24	developing	develop	VERB
abrj-501	10	25	market	market	NOUN
abrj-501	10	26	contexts	contexts	NOUN
abrj-501	10	27	.	.	PUNCT
abrj-501	11	1	keywords	keyword	NOUN
abrj-501	11	2	:	:	PUNCT
abrj-501	11	3	business	business	NOUN
abrj-501	11	4	analytics	analytic	NOUN
abrj-501	11	5	,	,	PUNCT
abrj-501	11	6	debt	debt	NOUN
abrj-501	11	7	optimization	optimization	NOUN
abrj-501	11	8	,	,	PUNCT
abrj-501	11	9	financial	financial	ADJ
abrj-501	11	10	leverage	leverage	NOUN
abrj-501	11	11	,	,	PUNCT
abrj-501	11	12	panel	panel	NOUN
abrj-501	11	13	data	datum	NOUN
abrj-501	11	14	,	,	PUNCT
abrj-501	11	15	vietnamese	vietnamese	ADJ
abrj-501	11	16	corporations	corporation	NOUN
abrj-501	11	17	.	.	PUNCT
abrj-501	12	1	1	1	X
abrj-501	12	2	.	.	X
abrj-501	12	3	introduction	introduction	NOUN
abrj-501	12	4	the	the	DET
abrj-501	12	5	proliferation	proliferation	NOUN
abrj-501	12	6	of	of	ADP
abrj-501	12	7	business	business	NOUN
abrj-501	12	8	analytics	analytic	NOUN
abrj-501	12	9	technologies	technology	NOUN
abrj-501	12	10	has	have	AUX
abrj-501	12	11	fundamentally	fundamentally	ADV
abrj-501	12	12	transformed	transform	VERB
abrj-501	12	13	corporate	corporate	ADJ
abrj-501	12	14	financial	financial	ADJ
abrj-501	12	15	decision	decision	NOUN
abrj-501	12	16	-	-	PUNCT
abrj-501	12	17	making	make	VERB
abrj-501	12	18	processes	process	NOUN
abrj-501	12	19	,	,	PUNCT
abrj-501	12	20	creating	create	VERB
abrj-501	12	21	unprecedented	unprecedented	ADJ
abrj-501	12	22	opportunities	opportunity	NOUN
abrj-501	12	23	for	for	ADP
abrj-501	12	24	optimizing	optimize	VERB
abrj-501	12	25	capital	capital	NOUN
abrj-501	12	26	structure	structure	NOUN
abrj-501	12	27	and	and	CCONJ
abrj-501	12	28	debt	debt	NOUN
abrj-501	12	29	management	management	NOUN
abrj-501	12	30	strategies	strategy	NOUN
abrj-501	12	31	(	(	PUNCT
abrj-501	12	32	chen	chen	PROPN
abrj-501	12	33	&	&	CCONJ
abrj-501	12	34	zhang	zhang	PROPN
abrj-501	12	35	,	,	PUNCT
abrj-501	12	36	2014	2014	NUM
abrj-501	12	37	)	)	PUNCT
abrj-501	12	38	.	.	PUNCT
abrj-501	13	1	contemporary	contemporary	ADJ
abrj-501	13	2	firms	firm	NOUN
abrj-501	13	3	increasingly	increasingly	ADV
abrj-501	13	4	leverage	leverage	VERB
abrj-501	13	5	sophisticated	sophisticated	ADJ
abrj-501	13	6	analytical	analytical	ADJ
abrj-501	13	7	tools	tool	NOUN
abrj-501	13	8	to	to	PART
abrj-501	13	9	enhance	enhance	VERB
abrj-501	13	10	their	their	PRON
abrj-501	13	11	understanding	understanding	NOUN
abrj-501	13	12	of	of	ADP
abrj-501	13	13	financial	financial	ADJ
abrj-501	13	14	markets	market	NOUN
abrj-501	13	15	,	,	PUNCT
abrj-501	13	16	improve	improve	VERB
abrj-501	13	17	risk	risk	NOUN
abrj-501	13	18	assessment	assessment	NOUN
abrj-501	13	19	capabilities	capability	NOUN
abrj-501	13	20	,	,	PUNCT
abrj-501	13	21	and	and	CCONJ
abrj-501	13	22	optimize	optimize	VERB
abrj-501	13	23	leverage	leverage	NOUN
abrj-501	13	24	decisions	decision	NOUN
abrj-501	13	25	within	within	ADP
abrj-501	13	26	complex	complex	ADJ
abrj-501	13	27	economic	economic	ADJ
abrj-501	13	28	environments	environment	NOUN
abrj-501	13	29	(	(	PUNCT
abrj-501	13	30	brynjolfsson	brynjolfsson	NOUN
abrj-501	13	31	&	&	CCONJ
abrj-501	13	32	mcafee	mcafee	PROPN
abrj-501	13	33	,	,	PUNCT
abrj-501	13	34	2014	2014	NUM
abrj-501	13	35	)	)	PUNCT
abrj-501	13	36	.	.	PUNCT
abrj-501	14	1	this	this	DET
abrj-501	14	2	technological	technological	ADJ
abrj-501	14	3	evolution	evolution	NOUN
abrj-501	14	4	has	have	VERB
abrj-501	14	5	particular	particular	ADJ
abrj-501	14	6	significance	significance	NOUN
abrj-501	14	7	for	for	ADP
abrj-501	14	8	emerging	emerge	VERB
abrj-501	14	9	market	market	NOUN
abrj-501	14	10	economies	economy	NOUN
abrj-501	14	11	,	,	PUNCT
abrj-501	14	12	where	where	SCONJ
abrj-501	14	13	information	information	NOUN
abrj-501	14	14	asymmetries	asymmetry	NOUN
abrj-501	14	15	and	and	CCONJ
abrj-501	14	16	market	market	NOUN
abrj-501	14	17	inefficiencies	inefficiency	NOUN
abrj-501	14	18	create	create	VERB
abrj-501	14	19	substantial	substantial	ADJ
abrj-501	14	20	challenges	challenge	NOUN
abrj-501	14	21	for	for	ADP
abrj-501	14	22	optimal	optimal	ADJ
abrj-501	14	23	capital	capital	NOUN
abrj-501	14	24	structure	structure	NOUN
abrj-501	14	25	determination	determination	NOUN
abrj-501	14	26	(	(	PUNCT
abrj-501	14	27	booth	booth	NOUN
abrj-501	14	28	et	et	PROPN
abrj-501	14	29	al	al	PROPN
abrj-501	14	30	.	.	PROPN
abrj-501	14	31	,	,	PUNCT
abrj-501	14	32	2001	2001	NUM
abrj-501	14	33	)	)	PUNCT
abrj-501	14	34	.	.	PUNCT
abrj-501	15	1	vietnam	vietnam	PROPN
abrj-501	15	2	represents	represent	VERB
abrj-501	15	3	a	a	DET
abrj-501	15	4	compelling	compelling	ADJ
abrj-501	15	5	context	context	NOUN
abrj-501	15	6	for	for	ADP
abrj-501	15	7	examining	examine	VERB
abrj-501	15	8	the	the	DET
abrj-501	15	9	intersection	intersection	NOUN
abrj-501	15	10	of	of	ADP
abrj-501	15	11	business	business	NOUN
abrj-501	15	12	analytics	analytic	NOUN
abrj-501	15	13	and	and	CCONJ
abrj-501	15	14	financial	financial	ADJ
abrj-501	15	15	leverage	leverage	NOUN
abrj-501	15	16	optimization	optimization	NOUN
abrj-501	15	17	,	,	PUNCT
abrj-501	15	18	given	give	VERB
abrj-501	15	19	its	its	PRON
abrj-501	15	20	rapid	rapid	ADJ
abrj-501	15	21	economic	economic	ADJ
abrj-501	15	22	transformation	transformation	NOUN
abrj-501	15	23	,	,	PUNCT
abrj-501	15	24	increasing	increase	VERB
abrj-501	15	25	integration	integration	NOUN
abrj-501	15	26	with	with	ADP
abrj-501	15	27	global	global	ADJ
abrj-501	15	28	financial	financial	ADJ
abrj-501	15	29	markets	market	NOUN
abrj-501	15	30	,	,	PUNCT
abrj-501	15	31	and	and	CCONJ
abrj-501	15	32	substantial	substantial	ADJ
abrj-501	15	33	investments	investment	NOUN
abrj-501	15	34	in	in	ADP
abrj-501	15	35	technological	technological	ADJ
abrj-501	15	36	infrastructure	infrastructure	NOUN
abrj-501	15	37	(	(	PUNCT
abrj-501	15	38	nguyen	nguyen	NOUN
abrj-501	15	39	&	&	CCONJ
abrj-501	15	40	nguyen	nguyen	PROPN
abrj-501	15	41	,	,	PUNCT
abrj-501	15	42	2015	2015	NUM
abrj-501	15	43	)	)	PUNCT
abrj-501	15	44	.	.	PUNCT
abrj-501	16	1	the	the	DET
abrj-501	16	2	vietnamese	vietnamese	ADJ
abrj-501	16	3	corporate	corporate	ADJ
abrj-501	16	4	sector	sector	NOUN
abrj-501	16	5	has	have	AUX
abrj-501	16	6	experienced	experience	VERB
abrj-501	16	7	remarkable	remarkable	ADJ
abrj-501	16	8	growth	growth	NOUN
abrj-501	16	9	over	over	ADP
abrj-501	16	10	the	the	DET
abrj-501	16	11	past	past	ADJ
abrj-501	16	12	two	two	NUM
abrj-501	16	13	decades	decade	NOUN
abrj-501	16	14	,	,	PUNCT
abrj-501	16	15	with	with	ADP
abrj-501	16	16	publicly	publicly	ADV
abrj-501	16	17	listed	list	VERB
abrj-501	16	18	firms	firm	NOUN
abrj-501	16	19	demonstrating	demonstrate	VERB
abrj-501	16	20	increasing	increase	VERB
abrj-501	16	21	sophistication	sophistication	NOUN
abrj-501	16	22	in	in	ADP
abrj-501	16	23	their	their	PRON
abrj-501	16	24	financial	financial	ADJ
abrj-501	16	25	management	management	NOUN
abrj-501	16	26	practices	practice	NOUN
abrj-501	16	27	whilst	whilst	SCONJ
abrj-501	16	28	simultaneously	simultaneously	ADV
abrj-501	16	29	facing	face	VERB
abrj-501	16	30	unique	unique	ADJ
abrj-501	16	31	challenges	challenge	NOUN
abrj-501	16	32	associated	associate	VERB
abrj-501	16	33	with	with	ADP
abrj-501	16	34	emerging	emerge	VERB
abrj-501	16	35	market	market	NOUN
abrj-501	16	36	conditions	condition	NOUN
abrj-501	16	37	(	(	PUNCT
abrj-501	16	38	le	le	X
abrj-501	16	39	&	&	CCONJ
abrj-501	16	40	nguyen	nguyen	PROPN
abrj-501	16	41	,	,	PUNCT
abrj-501	16	42	2017	2017	NUM
abrj-501	16	43	)	)	PUNCT
abrj-501	16	44	.	.	PUNCT
abrj-501	17	1	this	this	DET
abrj-501	17	2	dynamic	dynamic	ADJ
abrj-501	17	3	environment	environment	NOUN
abrj-501	17	4	provides	provide	VERB
abrj-501	17	5	an	an	DET
abrj-501	17	6	ideal	ideal	ADJ
abrj-501	17	7	laboratory	laboratory	NOUN
abrj-501	17	8	for	for	ADP
abrj-501	17	9	investigating	investigate	VERB
abrj-501	17	10	how	how	SCONJ
abrj-501	17	11	business	business	NOUN
abrj-501	17	12	analytics	analytic	NOUN
abrj-501	17	13	capabilities	capabilitie	VERB
abrj-501	17	14	influence	influence	NOUN
abrj-501	17	15	corporate	corporate	ADJ
abrj-501	17	16	debt	debt	NOUN
abrj-501	17	17	decisionmaking	decisionmake	VERB
abrj-501	17	18	processes	process	NOUN
abrj-501	17	19	.	.	PUNCT
abrj-501	18	1	the	the	DET
abrj-501	18	2	theoretical	theoretical	ADJ
abrj-501	18	3	foundation	foundation	NOUN
abrj-501	18	4	for	for	ADP
abrj-501	18	5	this	this	DET
abrj-501	18	6	research	research	NOUN
abrj-501	18	7	draws	draw	VERB
abrj-501	18	8	upon	upon	SCONJ
abrj-501	18	9	multiple	multiple	ADJ
abrj-501	18	10	streams	stream	NOUN
abrj-501	18	11	of	of	ADP
abrj-501	18	12	financial	financial	ADJ
abrj-501	18	13	literature	literature	NOUN
abrj-501	18	14	,	,	PUNCT
abrj-501	18	15	including	include	VERB
abrj-501	18	16	trade	trade	NOUN
abrj-501	18	17	-	-	PUNCT
abrj-501	18	18	off	off	ADP
abrj-501	18	19	theory	theory	NOUN
abrj-501	18	20	,	,	PUNCT
abrj-501	18	21	pecking	pecking	NOUN
abrj-501	18	22	order	order	NOUN
abrj-501	18	23	theory	theory	NOUN
abrj-501	18	24	,	,	PUNCT
abrj-501	18	25	and	and	CCONJ
abrj-501	18	26	the	the	DET
abrj-501	18	27	resource	resource	NOUN
abrj-501	18	28	-	-	PUNCT
abrj-501	18	29	based	base	VERB
abrj-501	18	30	view	view	NOUN
abrj-501	18	31	of	of	ADP
abrj-501	18	32	the	the	DET
abrj-501	18	33	firm	firm	NOUN
abrj-501	18	34	(	(	PUNCT
abrj-501	18	35	myers	myers	PROPN
abrj-501	18	36	,	,	PUNCT
abrj-501	18	37	1984	1984	NUM
abrj-501	18	38	;	;	PUNCT
abrj-501	18	39	barney	barney	NOUN
abrj-501	18	40	,	,	PUNCT
abrj-501	18	41	1991	1991	NUM
abrj-501	18	42	)	)	PUNCT
abrj-501	18	43	.	.	PUNCT
abrj-501	19	1	these	these	DET
abrj-501	19	2	theoretical	theoretical	ADJ
abrj-501	19	3	frameworks	framework	NOUN
abrj-501	19	4	suggest	suggest	VERB
abrj-501	19	5	that	that	SCONJ
abrj-501	19	6	firms	firm	NOUN
abrj-501	19	7	with	with	ADP
abrj-501	19	8	superior	superior	ADJ
abrj-501	19	9	information	information	NOUN
abrj-501	19	10	processing	processing	NOUN
abrj-501	19	11	capabilities	capability	NOUN
abrj-501	19	12	should	should	AUX
abrj-501	19	13	demonstrate	demonstrate	VERB
abrj-501	19	14	enhanced	enhanced	ADJ
abrj-501	19	15	ability	ability	NOUN
abrj-501	19	16	to	to	PART
abrj-501	19	17	optimize	optimize	VERB
abrj-501	19	18	their	their	PRON
abrj-501	19	19	capital	capital	NOUN
abrj-501	19	20	structure	structure	NOUN
abrj-501	19	21	decisions	decision	NOUN
abrj-501	19	22	,	,	PUNCT
abrj-501	19	23	particularly	particularly	ADV
abrj-501	19	24	regarding	regard	VERB
abrj-501	19	25	debt	debt	NOUN
abrj-501	19	26	utilization	utilization	NOUN
abrj-501	19	27	and	and	CCONJ
abrj-501	19	28	leverage	leverage	NOUN
abrj-501	19	29	management	management	NOUN
abrj-501	19	30	(	(	PUNCT
abrj-501	19	31	frank	frank	PROPN
abrj-501	19	32	&	&	CCONJ
abrj-501	19	33	goyal	goyal	PROPN
abrj-501	19	34	,	,	PUNCT
abrj-501	19	35	2009	2009	NUM
abrj-501	19	36	)	)	PUNCT
abrj-501	19	37	.	.	PUNCT
abrj-501	20	1	business	business	NOUN
abrj-501	20	2	analytics	analytic	NOUN
abrj-501	20	3	represents	represent	VERB
abrj-501	20	4	a	a	DET
abrj-501	20	5	critical	critical	ADJ
abrj-501	20	6	organizational	organizational	ADJ
abrj-501	20	7	capability	capability	NOUN
abrj-501	20	8	that	that	PRON
abrj-501	20	9	enables	enable	VERB
abrj-501	20	10	firms	firm	NOUN
abrj-501	20	11	to	to	PART
abrj-501	20	12	process	process	VERB
abrj-501	20	13	vast	vast	ADJ
abrj-501	20	14	quantities	quantity	NOUN
abrj-501	20	15	of	of	ADP
abrj-501	20	16	financial	financial	ADJ
abrj-501	20	17	and	and	CCONJ
abrj-501	20	18	operational	operational	ADJ
abrj-501	20	19	data	datum	NOUN
abrj-501	20	20	,	,	PUNCT
abrj-501	20	21	thereby	thereby	ADV
abrj-501	20	22	improving	improve	VERB
abrj-501	20	23	their	their	PRON
abrj-501	20	24	capacity	capacity	NOUN
abrj-501	20	25	to	to	PART
abrj-501	20	26	make	make	VERB
abrj-501	20	27	informed	informed	ADJ
abrj-501	20	28	leverage	leverage	NOUN
abrj-501	20	29	decisions	decision	NOUN
abrj-501	20	30	(	(	PUNCT
abrj-501	20	31	davenport	davenport	PROPN
abrj-501	20	32	&	&	CCONJ
abrj-501	20	33	harris	harris	PROPN
abrj-501	20	34	,	,	PUNCT
abrj-501	20	35	2007	2007	NUM
abrj-501	20	36	)	)	PUNCT
abrj-501	20	37	.	.	PUNCT
abrj-501	21	1	despite	despite	SCONJ
abrj-501	21	2	the	the	DET
abrj-501	21	3	growing	grow	VERB
abrj-501	21	4	recognition	recognition	NOUN
abrj-501	21	5	of	of	ADP
abrj-501	21	6	business	business	NOUN
abrj-501	21	7	analytics	analytic	NOUN
abrj-501	21	8	'	'	PART
abrj-501	21	9	importance	importance	NOUN
abrj-501	21	10	in	in	ADP
abrj-501	21	11	corporate	corporate	ADJ
abrj-501	21	12	finance	finance	NOUN
abrj-501	21	13	,	,	PUNCT
abrj-501	21	14	empirical	empirical	ADJ
abrj-501	21	15	evidence	evidence	NOUN
abrj-501	21	16	regarding	regard	VERB
abrj-501	21	17	its	its	PRON
abrj-501	21	18	specific	specific	ADJ
abrj-501	21	19	impact	impact	NOUN
abrj-501	21	20	on	on	ADP
abrj-501	21	21	leverage	leverage	NOUN
abrj-501	21	22	optimization	optimization	NOUN
abrj-501	21	23	remains	remain	VERB
abrj-501	21	24	limited	limited	ADJ
abrj-501	21	25	,	,	PUNCT
abrj-501	21	26	particularly	particularly	ADV
abrj-501	21	27	within	within	ADP
abrj-501	21	28	emerging	emerge	VERB
abrj-501	21	29	market	market	NOUN
abrj-501	21	30	contexts	contexts	NOUN
abrj-501	21	31	(	(	PUNCT
abrj-501	21	32	wamba	wamba	PROPN
abrj-501	21	33	et	et	PROPN
abrj-501	21	34	al	al	PROPN
abrj-501	21	35	.	.	PROPN
abrj-501	21	36	,	,	PUNCT
abrj-501	21	37	2015	2015	NUM
abrj-501	21	38	)	)	PUNCT
abrj-501	21	39	.	.	PUNCT
abrj-501	22	1	existing	exist	VERB
abrj-501	22	2	research	research	NOUN
abrj-501	22	3	has	have	AUX
abrj-501	22	4	primarily	primarily	ADV
abrj-501	22	5	focused	focus	VERB
abrj-501	22	6	on	on	ADP
abrj-501	22	7	developed	develop	VERB
abrj-501	22	8	markets	market	NOUN
abrj-501	22	9	,	,	PUNCT
abrj-501	22	10	leaving	leave	VERB
abrj-501	22	11	a	a	DET
abrj-501	22	12	significant	significant	ADJ
abrj-501	22	13	gap	gap	NOUN
abrj-501	22	14	in	in	ADP
abrj-501	22	15	understanding	understanding	NOUN
abrj-501	22	16	how	how	SCONJ
abrj-501	22	17	analytical	analytical	ADJ
abrj-501	22	18	capabilities	capability	NOUN
abrj-501	22	19	influence	influence	VERB
abrj-501	22	20	financial	financial	ADJ
abrj-501	22	21	decision	decision	NOUN
abrj-501	22	22	-	-	PUNCT
abrj-501	22	23	making	making	NOUN
abrj-501	22	24	in	in	ADP
abrj-501	22	25	developing	develop	VERB
abrj-501	22	26	economies	economy	NOUN
abrj-501	22	27	characterized	characterize	VERB
abrj-501	22	28	by	by	ADP
abrj-501	22	29	different	different	ADJ
abrj-501	22	30	institutional	institutional	ADJ
abrj-501	22	31	frameworks	framework	NOUN
abrj-501	22	32	,	,	PUNCT
abrj-501	22	33	market	market	NOUN
abrj-501	22	34	structures	structure	NOUN
abrj-501	22	35	,	,	PUNCT
abrj-501	22	36	and	and	CCONJ
abrj-501	22	37	information	information	NOUN
abrj-501	22	38	environments	environment	NOUN
abrj-501	22	39	(	(	PUNCT
abrj-501	22	40	djankov	djankov	PROPN
abrj-501	22	41	et	et	PROPN
abrj-501	22	42	al	al	PROPN
abrj-501	22	43	.	.	PROPN
abrj-501	22	44	,	,	PUNCT
abrj-501	22	45	2007	2007	NUM
abrj-501	22	46	)	)	PUNCT
abrj-501	22	47	.	.	PUNCT
abrj-501	23	1	this	this	DET
abrj-501	23	2	research	research	NOUN
abrj-501	23	3	addresses	address	VERB
abrj-501	23	4	this	this	DET
abrj-501	23	5	gap	gap	NOUN
abrj-501	23	6	by	by	ADP
abrj-501	23	7	providing	provide	VERB
abrj-501	23	8	comprehensive	comprehensive	ADJ
abrj-501	23	9	empirical	empirical	ADJ
abrj-501	23	10	evidence	evidence	NOUN
abrj-501	23	11	of	of	ADP
abrj-501	23	12	the	the	DET
abrj-501	23	13	relationship	relationship	NOUN
abrj-501	23	14	between	between	ADP
abrj-501	23	15	business	business	NOUN
abrj-501	23	16	analytics	analytic	NOUN
abrj-501	23	17	and	and	CCONJ
abrj-501	23	18	financial	financial	ADJ
abrj-501	23	19	leverage	leverage	NOUN
abrj-501	23	20	optimization	optimization	NOUN
abrj-501	23	21	within	within	ADP
abrj-501	23	22	vietnam	vietnam	PROPN
abrj-501	23	23	's	's	PART
abrj-501	23	24	unique	unique	ADJ
abrj-501	23	25	economic	economic	ADJ
abrj-501	23	26	context	context	NOUN
abrj-501	23	27	.	.	PUNCT
abrj-501	24	1	mailto:coppycat2007@gmail.com	mailto:coppycat2007@gmail.com	PROPN
abrj-501	24	2	https://doi.org/10.55220/2576-6759.501	https://doi.org/10.55220/2576-6759.501	PROPN
abrj-501	24	3	asian	asian	PROPN
abrj-501	24	4	business	business	PROPN
abrj-501	24	5	research	research	NOUN
abrj-501	24	6	journal	journal	NOUN
abrj-501	24	7	,	,	PUNCT
abrj-501	24	8	2025	2025	NUM
abrj-501	24	9	,	,	PUNCT
abrj-501	24	10	10(7	10(7	NUM
abrj-501	24	11	):	):	PUNCT
abrj-501	24	12	67	67	NUM
abrj-501	24	13	-	-	SYM
abrj-501	24	14	75	75	NUM
abrj-501	24	15	68	68	NUM
abrj-501	24	16	©	©	ADP
abrj-501	24	17	2025	2025	NUM
abrj-501	24	18	by	by	ADP
abrj-501	24	19	the	the	DET
abrj-501	24	20	author	author	NOUN
abrj-501	24	21	;	;	PUNCT
abrj-501	24	22	licensee	licensee	NOUN
abrj-501	24	23	eastern	eastern	ADJ
abrj-501	24	24	centre	centre	NOUN
abrj-501	24	25	of	of	ADP
abrj-501	24	26	science	science	NOUN
abrj-501	24	27	and	and	CCONJ
abrj-501	24	28	education	education	NOUN
abrj-501	24	29	,	,	PUNCT
abrj-501	24	30	usa	usa	PROPN
abrj-501	24	31	the	the	DET
abrj-501	24	32	significance	significance	NOUN
abrj-501	24	33	of	of	ADP
abrj-501	24	34	this	this	DET
abrj-501	24	35	research	research	NOUN
abrj-501	24	36	extends	extend	VERB
abrj-501	24	37	beyond	beyond	ADP
abrj-501	24	38	academic	academic	ADJ
abrj-501	24	39	inquiry	inquiry	NOUN
abrj-501	24	40	,	,	PUNCT
abrj-501	24	41	offering	offer	VERB
abrj-501	24	42	practical	practical	ADJ
abrj-501	24	43	implications	implication	NOUN
abrj-501	24	44	for	for	ADP
abrj-501	24	45	corporate	corporate	ADJ
abrj-501	24	46	managers	manager	NOUN
abrj-501	24	47	,	,	PUNCT
abrj-501	24	48	policymakers	policymaker	NOUN
abrj-501	24	49	,	,	PUNCT
abrj-501	24	50	and	and	CCONJ
abrj-501	24	51	financial	financial	ADJ
abrj-501	24	52	institutions	institution	NOUN
abrj-501	24	53	operating	operate	VERB
abrj-501	24	54	within	within	ADP
abrj-501	24	55	emerging	emerge	VERB
abrj-501	24	56	markets	market	NOUN
abrj-501	24	57	.	.	PUNCT
abrj-501	25	1	as	as	SCONJ
abrj-501	25	2	vietnamese	vietnamese	ADJ
abrj-501	25	3	firms	firm	NOUN
abrj-501	25	4	increasingly	increasingly	ADV
abrj-501	25	5	adopt	adopt	VERB
abrj-501	25	6	advanced	advanced	ADJ
abrj-501	25	7	analytical	analytical	ADJ
abrj-501	25	8	technologies	technology	NOUN
abrj-501	25	9	,	,	PUNCT
abrj-501	25	10	understanding	understand	VERB
abrj-501	25	11	the	the	DET
abrj-501	25	12	financial	financial	ADJ
abrj-501	25	13	implications	implication	NOUN
abrj-501	25	14	of	of	ADP
abrj-501	25	15	these	these	DET
abrj-501	25	16	investments	investment	NOUN
abrj-501	25	17	becomes	become	VERB
abrj-501	25	18	crucial	crucial	ADJ
abrj-501	25	19	for	for	ADP
abrj-501	25	20	strategic	strategic	ADJ
abrj-501	25	21	planning	planning	NOUN
abrj-501	25	22	and	and	CCONJ
abrj-501	25	23	competitive	competitive	ADJ
abrj-501	25	24	positioning	positioning	NOUN
abrj-501	25	25	(	(	PUNCT
abrj-501	25	26	tran	tran	PROPN
abrj-501	25	27	&	&	CCONJ
abrj-501	25	28	nguyen	nguyen	PROPN
abrj-501	25	29	,	,	PUNCT
abrj-501	25	30	2016	2016	NUM
abrj-501	25	31	)	)	PUNCT
abrj-501	25	32	.	.	PUNCT
abrj-501	26	1	furthermore	furthermore	ADV
abrj-501	26	2	,	,	PUNCT
abrj-501	26	3	the	the	DET
abrj-501	26	4	findings	finding	NOUN
abrj-501	26	5	contribute	contribute	VERB
abrj-501	26	6	to	to	ADP
abrj-501	26	7	broader	broad	ADJ
abrj-501	26	8	discussions	discussion	NOUN
abrj-501	26	9	regarding	regard	VERB
abrj-501	26	10	digital	digital	ADJ
abrj-501	26	11	transformation	transformation	NOUN
abrj-501	26	12	's	's	PART
abrj-501	26	13	role	role	NOUN
abrj-501	26	14	in	in	ADP
abrj-501	26	15	emerging	emerge	VERB
abrj-501	26	16	market	market	NOUN
abrj-501	26	17	development	development	NOUN
abrj-501	26	18	and	and	CCONJ
abrj-501	26	19	financial	financial	ADJ
abrj-501	26	20	sector	sector	NOUN
abrj-501	26	21	modernization	modernization	NOUN
abrj-501	26	22	(	(	PUNCT
abrj-501	26	23	world	world	PROPN
abrj-501	26	24	bank	bank	PROPN
abrj-501	26	25	,	,	PUNCT
abrj-501	26	26	2016	2016	NUM
abrj-501	26	27	)	)	PUNCT
abrj-501	26	28	.	.	PUNCT
abrj-501	27	1	this	this	DET
abrj-501	27	2	study	study	NOUN
abrj-501	27	3	employs	employ	VERB
abrj-501	27	4	a	a	DET
abrj-501	27	5	comprehensive	comprehensive	ADJ
abrj-501	27	6	panel	panel	NOUN
abrj-501	27	7	dataset	dataset	VERB
abrj-501	27	8	encompassing	encompass	VERB
abrj-501	27	9	847	847	NUM
abrj-501	27	10	vietnamese	vietnamese	PROPN
abrj-501	27	11	publicly	publicly	ADV
abrj-501	27	12	listed	list	VERB
abrj-501	27	13	firms	firm	NOUN
abrj-501	27	14	observed	observe	VERB
abrj-501	27	15	over	over	ADP
abrj-501	27	16	the	the	DET
abrj-501	27	17	period	period	NOUN
abrj-501	27	18	2000	2000	NUM
abrj-501	27	19	-	-	SYM
abrj-501	27	20	2017	2017	NUM
abrj-501	27	21	,	,	PUNCT
abrj-501	27	22	utilising	utilise	VERB
abrj-501	27	23	advanced	advanced	ADJ
abrj-501	27	24	econometric	econometric	ADJ
abrj-501	27	25	methodologies	methodology	NOUN
abrj-501	27	26	to	to	PART
abrj-501	27	27	establish	establish	VERB
abrj-501	27	28	causal	causal	ADJ
abrj-501	27	29	relationships	relationship	NOUN
abrj-501	27	30	between	between	ADP
abrj-501	27	31	business	business	NOUN
abrj-501	27	32	analytics	analytic	NOUN
abrj-501	27	33	capabilities	capability	NOUN
abrj-501	27	34	and	and	CCONJ
abrj-501	27	35	leverage	leverage	NOUN
abrj-501	27	36	optimization	optimization	NOUN
abrj-501	27	37	.	.	PUNCT
abrj-501	28	1	the	the	DET
abrj-501	28	2	research	research	NOUN
abrj-501	28	3	design	design	NOUN
abrj-501	28	4	incorporates	incorporate	VERB
abrj-501	28	5	multiple	multiple	ADJ
abrj-501	28	6	measures	measure	NOUN
abrj-501	28	7	of	of	ADP
abrj-501	28	8	analytical	analytical	ADJ
abrj-501	28	9	sophistication	sophistication	NOUN
abrj-501	28	10	,	,	PUNCT
abrj-501	28	11	financial	financial	ADJ
abrj-501	28	12	leverage	leverage	NOUN
abrj-501	28	13	,	,	PUNCT
abrj-501	28	14	and	and	CCONJ
abrj-501	28	15	control	control	NOUN
abrj-501	28	16	variables	variable	NOUN
abrj-501	28	17	to	to	PART
abrj-501	28	18	ensure	ensure	VERB
abrj-501	28	19	robust	robust	ADJ
abrj-501	28	20	empirical	empirical	ADJ
abrj-501	28	21	analysis	analysis	NOUN
abrj-501	28	22	.	.	PUNCT
abrj-501	29	1	the	the	DET
abrj-501	29	2	methodology	methodology	NOUN
abrj-501	29	3	addresses	address	VERB
abrj-501	29	4	potential	potential	ADJ
abrj-501	29	5	endogeneity	endogeneity	NOUN
abrj-501	29	6	concerns	concern	NOUN
abrj-501	29	7	through	through	ADP
abrj-501	29	8	instrumental	instrumental	ADJ
abrj-501	29	9	variable	variable	ADJ
abrj-501	29	10	approaches	approach	NOUN
abrj-501	29	11	and	and	CCONJ
abrj-501	29	12	dynamic	dynamic	ADJ
abrj-501	29	13	panel	panel	NOUN
abrj-501	29	14	data	data	NOUN
abrj-501	29	15	estimation	estimation	NOUN
abrj-501	29	16	techniques	technique	NOUN
abrj-501	29	17	.	.	PUNCT
abrj-501	30	1	the	the	DET
abrj-501	30	2	research	research	NOUN
abrj-501	30	3	contributes	contribute	VERB
abrj-501	30	4	to	to	ADP
abrj-501	30	5	the	the	DET
abrj-501	30	6	literature	literature	NOUN
abrj-501	30	7	in	in	ADP
abrj-501	30	8	several	several	ADJ
abrj-501	30	9	important	important	ADJ
abrj-501	30	10	ways	way	NOUN
abrj-501	30	11	.	.	PUNCT
abrj-501	31	1	first	first	ADV
abrj-501	31	2	,	,	PUNCT
abrj-501	31	3	it	it	PRON
abrj-501	31	4	provides	provide	VERB
abrj-501	31	5	novel	novel	ADJ
abrj-501	31	6	empirical	empirical	ADJ
abrj-501	31	7	evidence	evidence	NOUN
abrj-501	31	8	regarding	regard	VERB
abrj-501	31	9	the	the	DET
abrj-501	31	10	relationship	relationship	NOUN
abrj-501	31	11	between	between	ADP
abrj-501	31	12	business	business	NOUN
abrj-501	31	13	analytics	analytic	NOUN
abrj-501	31	14	and	and	CCONJ
abrj-501	31	15	financial	financial	ADJ
abrj-501	31	16	leverage	leverage	NOUN
abrj-501	31	17	optimization	optimization	NOUN
abrj-501	31	18	in	in	ADP
abrj-501	31	19	an	an	DET
abrj-501	31	20	emerging	emerge	VERB
abrj-501	31	21	market	market	NOUN
abrj-501	31	22	context	context	NOUN
abrj-501	31	23	.	.	PUNCT
abrj-501	32	1	second	second	ADJ
abrj-501	32	2	,	,	PUNCT
abrj-501	32	3	it	it	PRON
abrj-501	32	4	extends	extend	VERB
abrj-501	32	5	existing	exist	VERB
abrj-501	32	6	theoretical	theoretical	ADJ
abrj-501	32	7	frameworks	framework	NOUN
abrj-501	32	8	by	by	ADP
abrj-501	32	9	demonstrating	demonstrate	VERB
abrj-501	32	10	how	how	SCONJ
abrj-501	32	11	analytical	analytical	ADJ
abrj-501	32	12	capabilities	capability	NOUN
abrj-501	32	13	influence	influence	VERB
abrj-501	32	14	specific	specific	ADJ
abrj-501	32	15	aspects	aspect	NOUN
abrj-501	32	16	of	of	ADP
abrj-501	32	17	capital	capital	NOUN
abrj-501	32	18	structure	structure	NOUN
abrj-501	32	19	decision	decision	NOUN
abrj-501	32	20	-	-	PUNCT
abrj-501	32	21	making	making	NOUN
abrj-501	32	22	.	.	PUNCT
abrj-501	33	1	third	third	ADJ
abrj-501	33	2	,	,	PUNCT
abrj-501	33	3	it	it	PRON
abrj-501	33	4	offers	offer	VERB
abrj-501	33	5	practical	practical	ADJ
abrj-501	33	6	insights	insight	NOUN
abrj-501	33	7	for	for	ADP
abrj-501	33	8	managers	manager	NOUN
abrj-501	33	9	and	and	CCONJ
abrj-501	33	10	policymakers	policymaker	NOUN
abrj-501	33	11	regarding	regard	VERB
abrj-501	33	12	the	the	DET
abrj-501	33	13	strategic	strategic	ADJ
abrj-501	33	14	deployment	deployment	NOUN
abrj-501	33	15	of	of	ADP
abrj-501	33	16	analytical	analytical	ADJ
abrj-501	33	17	technologies	technology	NOUN
abrj-501	33	18	in	in	ADP
abrj-501	33	19	financial	financial	ADJ
abrj-501	33	20	management	management	NOUN
abrj-501	33	21	.	.	PUNCT
abrj-501	34	1	2	2	X
abrj-501	34	2	.	.	X
abrj-501	34	3	literature	literature	NOUN
abrj-501	34	4	review	review	PROPN
abrj-501	34	5	and	and	CCONJ
abrj-501	34	6	hypothesis	hypothesis	NOUN
abrj-501	34	7	development	development	NOUN
abrj-501	34	8	2.1	2.1	NUM
abrj-501	34	9	.	.	PUNCT
abrj-501	35	1	foundational	foundational	ADJ
abrj-501	35	2	theories	theory	NOUN
abrj-501	35	3	2.1.1	2.1.1	NUM
abrj-501	35	4	.	.	PUNCT
abrj-501	36	1	trade	trade	NOUN
abrj-501	36	2	-	-	PUNCT
abrj-501	36	3	off	off	ADP
abrj-501	36	4	theory	theory	NOUN
abrj-501	36	5	and	and	CCONJ
abrj-501	36	6	information	information	NOUN
abrj-501	36	7	processing	processing	NOUN
abrj-501	36	8	capabilities	capability	NOUN
abrj-501	36	9	the	the	DET
abrj-501	36	10	trade	trade	NOUN
abrj-501	36	11	-	-	PUNCT
abrj-501	36	12	off	off	ADP
abrj-501	36	13	theory	theory	NOUN
abrj-501	36	14	of	of	ADP
abrj-501	36	15	capital	capital	NOUN
abrj-501	36	16	structure	structure	NOUN
abrj-501	36	17	,	,	PUNCT
abrj-501	36	18	originally	originally	ADV
abrj-501	36	19	developed	develop	VERB
abrj-501	36	20	by	by	ADP
abrj-501	36	21	kraus	kraus	PROPN
abrj-501	36	22	and	and	CCONJ
abrj-501	36	23	litzenberger	litzenberger	NOUN
abrj-501	36	24	(	(	PUNCT
abrj-501	36	25	1973	1973	NUM
abrj-501	36	26	)	)	PUNCT
abrj-501	36	27	and	and	CCONJ
abrj-501	36	28	subsequently	subsequently	ADV
abrj-501	36	29	refined	refine	VERB
abrj-501	36	30	by	by	ADP
abrj-501	36	31	myers	myers	PROPN
abrj-501	36	32	(	(	PUNCT
abrj-501	36	33	1984	1984	NUM
abrj-501	36	34	)	)	PUNCT
abrj-501	36	35	,	,	PUNCT
abrj-501	36	36	posits	posit	NOUN
abrj-501	36	37	that	that	SCONJ
abrj-501	36	38	firms	firm	NOUN
abrj-501	36	39	optimize	optimize	VERB
abrj-501	36	40	their	their	PRON
abrj-501	36	41	capital	capital	NOUN
abrj-501	36	42	structure	structure	NOUN
abrj-501	36	43	by	by	ADP
abrj-501	36	44	balancing	balance	VERB
abrj-501	36	45	the	the	DET
abrj-501	36	46	tax	tax	NOUN
abrj-501	36	47	benefits	benefit	NOUN
abrj-501	36	48	of	of	ADP
abrj-501	36	49	debt	debt	NOUN
abrj-501	36	50	against	against	ADP
abrj-501	36	51	the	the	DET
abrj-501	36	52	costs	cost	NOUN
abrj-501	36	53	of	of	ADP
abrj-501	36	54	financial	financial	ADJ
abrj-501	36	55	distress	distress	NOUN
abrj-501	36	56	.	.	PUNCT
abrj-501	37	1	this	this	DET
abrj-501	37	2	theoretical	theoretical	ADJ
abrj-501	37	3	framework	framework	NOUN
abrj-501	37	4	suggests	suggest	VERB
abrj-501	37	5	that	that	SCONJ
abrj-501	37	6	firms	firm	NOUN
abrj-501	37	7	with	with	ADP
abrj-501	37	8	superior	superior	ADJ
abrj-501	37	9	information	information	NOUN
abrj-501	37	10	processing	processing	NOUN
abrj-501	37	11	capabilities	capability	NOUN
abrj-501	37	12	should	should	AUX
abrj-501	37	13	demonstrate	demonstrate	VERB
abrj-501	37	14	enhanced	enhanced	ADJ
abrj-501	37	15	ability	ability	NOUN
abrj-501	37	16	to	to	PART
abrj-501	37	17	identify	identify	VERB
abrj-501	37	18	and	and	CCONJ
abrj-501	37	19	maintain	maintain	VERB
abrj-501	37	20	optimal	optimal	ADJ
abrj-501	37	21	leverage	leverage	NOUN
abrj-501	37	22	levels	level	NOUN
abrj-501	37	23	,	,	PUNCT
abrj-501	37	24	as	as	SCONJ
abrj-501	37	25	they	they	PRON
abrj-501	37	26	can	can	AUX
abrj-501	37	27	more	more	ADV
abrj-501	37	28	accurately	accurately	ADV
abrj-501	37	29	assess	assess	VERB
abrj-501	37	30	the	the	DET
abrj-501	37	31	costs	cost	NOUN
abrj-501	37	32	and	and	CCONJ
abrj-501	37	33	benefits	benefit	NOUN
abrj-501	37	34	associated	associate	VERB
abrj-501	37	35	with	with	ADP
abrj-501	37	36	different	different	ADJ
abrj-501	37	37	capital	capital	NOUN
abrj-501	37	38	structure	structure	NOUN
abrj-501	37	39	choices	choice	NOUN
abrj-501	37	40	(	(	PUNCT
abrj-501	37	41	deangelo	deangelo	PROPN
abrj-501	37	42	&	&	CCONJ
abrj-501	37	43	masulis	masulis	PROPN
abrj-501	37	44	,	,	PUNCT
abrj-501	37	45	1980	1980	NUM
abrj-501	37	46	)	)	PUNCT
abrj-501	37	47	.	.	PUNCT
abrj-501	38	1	business	business	NOUN
abrj-501	38	2	analytics	analytic	NOUN
abrj-501	38	3	represents	represent	VERB
abrj-501	38	4	a	a	DET
abrj-501	38	5	sophisticated	sophisticated	ADJ
abrj-501	38	6	information	information	NOUN
abrj-501	38	7	processing	processing	NOUN
abrj-501	38	8	capability	capability	NOUN
abrj-501	38	9	that	that	PRON
abrj-501	38	10	enables	enable	VERB
abrj-501	38	11	firms	firm	NOUN
abrj-501	38	12	to	to	PART
abrj-501	38	13	analyze	analyze	VERB
abrj-501	38	14	vast	vast	ADJ
abrj-501	38	15	quantities	quantity	NOUN
abrj-501	38	16	of	of	ADP
abrj-501	38	17	financial	financial	ADJ
abrj-501	38	18	and	and	CCONJ
abrj-501	38	19	operational	operational	ADJ
abrj-501	38	20	data	datum	NOUN
abrj-501	38	21	,	,	PUNCT
abrj-501	38	22	thereby	thereby	ADV
abrj-501	38	23	improving	improve	VERB
abrj-501	38	24	their	their	PRON
abrj-501	38	25	capacity	capacity	NOUN
abrj-501	38	26	to	to	PART
abrj-501	38	27	make	make	VERB
abrj-501	38	28	informed	informed	ADJ
abrj-501	38	29	leverage	leverage	NOUN
abrj-501	38	30	decisions	decision	NOUN
abrj-501	38	31	(	(	PUNCT
abrj-501	38	32	chen	chen	PROPN
abrj-501	38	33	et	et	PROPN
abrj-501	38	34	al	al	PROPN
abrj-501	38	35	.	.	PROPN
abrj-501	38	36	,	,	PUNCT
abrj-501	38	37	2012	2012	NUM
abrj-501	38	38	)	)	PUNCT
abrj-501	38	39	.	.	PUNCT
abrj-501	39	1	the	the	DET
abrj-501	39	2	integration	integration	NOUN
abrj-501	39	3	of	of	ADP
abrj-501	39	4	analytical	analytical	ADJ
abrj-501	39	5	tools	tool	NOUN
abrj-501	39	6	allows	allow	VERB
abrj-501	39	7	firms	firm	NOUN
abrj-501	39	8	to	to	PART
abrj-501	39	9	develop	develop	VERB
abrj-501	39	10	more	more	ADV
abrj-501	39	11	accurate	accurate	ADJ
abrj-501	39	12	assessments	assessment	NOUN
abrj-501	39	13	of	of	ADP
abrj-501	39	14	their	their	PRON
abrj-501	39	15	debt	debt	NOUN
abrj-501	39	16	capacity	capacity	NOUN
abrj-501	39	17	,	,	PUNCT
abrj-501	39	18	bankruptcy	bankruptcy	NOUN
abrj-501	39	19	risk	risk	NOUN
abrj-501	39	20	,	,	PUNCT
abrj-501	39	21	and	and	CCONJ
abrj-501	39	22	optimal	optimal	ADJ
abrj-501	39	23	capital	capital	NOUN
abrj-501	39	24	structure	structure	NOUN
abrj-501	39	25	,	,	PUNCT
abrj-501	39	26	leading	lead	VERB
abrj-501	39	27	to	to	ADP
abrj-501	39	28	improved	improve	VERB
abrj-501	39	29	financial	financial	ADJ
abrj-501	39	30	performance	performance	NOUN
abrj-501	39	31	and	and	CCONJ
abrj-501	39	32	reduced	reduce	VERB
abrj-501	39	33	financial	financial	ADJ
abrj-501	39	34	distress	distress	NOUN
abrj-501	39	35	costs	cost	NOUN
abrj-501	39	36	(	(	PUNCT
abrj-501	39	37	bharadwaj	bharadwaj	NOUN
abrj-501	39	38	,	,	PUNCT
abrj-501	39	39	2000	2000	NUM
abrj-501	39	40	)	)	PUNCT
abrj-501	39	41	.	.	PUNCT
abrj-501	40	1	this	this	DET
abrj-501	40	2	enhanced	enhanced	ADJ
abrj-501	40	3	analytical	analytical	ADJ
abrj-501	40	4	capability	capability	NOUN
abrj-501	40	5	should	should	AUX
abrj-501	40	6	manifest	manifest	VERB
abrj-501	40	7	in	in	ADP
abrj-501	40	8	more	more	ADV
abrj-501	40	9	efficient	efficient	ADJ
abrj-501	40	10	leverage	leverage	NOUN
abrj-501	40	11	decisions	decision	NOUN
abrj-501	40	12	,	,	PUNCT
abrj-501	40	13	as	as	SCONJ
abrj-501	40	14	firms	firm	NOUN
abrj-501	40	15	can	can	AUX
abrj-501	40	16	better	well	ADV
abrj-501	40	17	evaluate	evaluate	VERB
abrj-501	40	18	the	the	DET
abrj-501	40	19	trade	trade	NOUN
abrj-501	40	20	-	-	PUNCT
abrj-501	40	21	offs	off	NOUN
abrj-501	40	22	between	between	ADP
abrj-501	40	23	debt	debt	NOUN
abrj-501	40	24	and	and	CCONJ
abrj-501	40	25	equity	equity	NOUN
abrj-501	40	26	financing	financing	NOUN
abrj-501	40	27	.	.	PUNCT
abrj-501	41	1	the	the	DET
abrj-501	41	2	relationship	relationship	NOUN
abrj-501	41	3	between	between	ADP
abrj-501	41	4	analytical	analytical	ADJ
abrj-501	41	5	capabilities	capability	NOUN
abrj-501	41	6	and	and	CCONJ
abrj-501	41	7	leverage	leverage	NOUN
abrj-501	41	8	optimization	optimization	NOUN
abrj-501	41	9	becomes	become	VERB
abrj-501	41	10	particularly	particularly	ADV
abrj-501	41	11	important	important	ADJ
abrj-501	41	12	in	in	ADP
abrj-501	41	13	emerging	emerge	VERB
abrj-501	41	14	markets	market	NOUN
abrj-501	41	15	,	,	PUNCT
abrj-501	41	16	where	where	SCONJ
abrj-501	41	17	information	information	NOUN
abrj-501	41	18	asymmetries	asymmetry	NOUN
abrj-501	41	19	and	and	CCONJ
abrj-501	41	20	market	market	NOUN
abrj-501	41	21	inefficiencies	inefficiency	NOUN
abrj-501	41	22	create	create	VERB
abrj-501	41	23	additional	additional	ADJ
abrj-501	41	24	challenges	challenge	NOUN
abrj-501	41	25	for	for	ADP
abrj-501	41	26	optimal	optimal	ADJ
abrj-501	41	27	capital	capital	NOUN
abrj-501	41	28	structure	structure	NOUN
abrj-501	41	29	determination	determination	NOUN
abrj-501	41	30	(	(	PUNCT
abrj-501	41	31	booth	booth	NOUN
abrj-501	41	32	et	et	PROPN
abrj-501	41	33	al	al	PROPN
abrj-501	41	34	.	.	PROPN
abrj-501	41	35	,	,	PUNCT
abrj-501	41	36	2001	2001	NUM
abrj-501	41	37	)	)	PUNCT
abrj-501	41	38	.	.	PUNCT
abrj-501	42	1	vietnamese	vietnamese	ADJ
abrj-501	42	2	firms	firm	NOUN
abrj-501	42	3	operating	operate	VERB
abrj-501	42	4	within	within	ADP
abrj-501	42	5	this	this	DET
abrj-501	42	6	context	context	NOUN
abrj-501	42	7	should	should	AUX
abrj-501	42	8	benefit	benefit	VERB
abrj-501	42	9	significantly	significantly	ADV
abrj-501	42	10	from	from	ADP
abrj-501	42	11	enhanced	enhanced	ADJ
abrj-501	42	12	analytical	analytical	ADJ
abrj-501	42	13	capabilities	capability	NOUN
abrj-501	42	14	,	,	PUNCT
abrj-501	42	15	as	as	SCONJ
abrj-501	42	16	these	these	DET
abrj-501	42	17	tools	tool	NOUN
abrj-501	42	18	enable	enable	VERB
abrj-501	42	19	more	more	ADV
abrj-501	42	20	accurate	accurate	ADJ
abrj-501	42	21	assessment	assessment	NOUN
abrj-501	42	22	of	of	ADP
abrj-501	42	23	local	local	ADJ
abrj-501	42	24	market	market	NOUN
abrj-501	42	25	conditions	condition	NOUN
abrj-501	42	26	,	,	PUNCT
abrj-501	42	27	regulatory	regulatory	ADJ
abrj-501	42	28	environments	environment	NOUN
abrj-501	42	29	,	,	PUNCT
abrj-501	42	30	and	and	CCONJ
abrj-501	42	31	economic	economic	ADJ
abrj-501	42	32	uncertainties	uncertainty	NOUN
abrj-501	42	33	that	that	PRON
abrj-501	42	34	influence	influence	VERB
abrj-501	42	35	leverage	leverage	NOUN
abrj-501	42	36	decisions	decision	NOUN
abrj-501	42	37	(	(	PUNCT
abrj-501	42	38	nguyen	nguyen	NOUN
abrj-501	42	39	et	et	PROPN
abrj-501	42	40	al	al	PROPN
abrj-501	42	41	.	.	PROPN
abrj-501	42	42	,	,	PUNCT
abrj-501	42	43	2015	2015	NUM
abrj-501	42	44	)	)	PUNCT
abrj-501	42	45	.	.	PUNCT
abrj-501	43	1	contemporary	contemporary	ADJ
abrj-501	43	2	research	research	NOUN
abrj-501	43	3	has	have	AUX
abrj-501	43	4	demonstrated	demonstrate	VERB
abrj-501	43	5	that	that	SCONJ
abrj-501	43	6	firms	firm	NOUN
abrj-501	43	7	with	with	ADP
abrj-501	43	8	superior	superior	ADJ
abrj-501	43	9	information	information	NOUN
abrj-501	43	10	processing	processing	NOUN
abrj-501	43	11	capabilities	capability	NOUN
abrj-501	43	12	exhibit	exhibit	VERB
abrj-501	43	13	lower	low	ADJ
abrj-501	43	14	leverage	leverage	NOUN
abrj-501	43	15	volatility	volatility	NOUN
abrj-501	43	16	and	and	CCONJ
abrj-501	43	17	maintain	maintain	VERB
abrj-501	43	18	capital	capital	NOUN
abrj-501	43	19	structures	structure	NOUN
abrj-501	43	20	closer	close	ADV
abrj-501	43	21	to	to	ADP
abrj-501	43	22	their	their	PRON
abrj-501	43	23	theoretical	theoretical	ADJ
abrj-501	43	24	optimums	optimum	NOUN
abrj-501	43	25	(	(	PUNCT
abrj-501	43	26	faulkender	faulkender	NOUN
abrj-501	43	27	et	et	PROPN
abrj-501	43	28	al	al	PROPN
abrj-501	43	29	.	.	PROPN
abrj-501	43	30	,	,	PUNCT
abrj-501	43	31	2012	2012	NUM
abrj-501	43	32	)	)	PUNCT
abrj-501	43	33	.	.	PUNCT
abrj-501	44	1	these	these	DET
abrj-501	44	2	findings	finding	NOUN
abrj-501	44	3	suggest	suggest	VERB
abrj-501	44	4	that	that	SCONJ
abrj-501	44	5	business	business	NOUN
abrj-501	44	6	analytics	analytic	NOUN
abrj-501	44	7	should	should	AUX
abrj-501	44	8	enable	enable	VERB
abrj-501	44	9	vietnamese	vietnamese	ADJ
abrj-501	44	10	firms	firm	NOUN
abrj-501	44	11	to	to	PART
abrj-501	44	12	achieve	achieve	VERB
abrj-501	44	13	more	more	ADV
abrj-501	44	14	stable	stable	ADJ
abrj-501	44	15	and	and	CCONJ
abrj-501	44	16	efficient	efficient	ADJ
abrj-501	44	17	leverage	leverage	NOUN
abrj-501	44	18	ratios	ratio	NOUN
abrj-501	44	19	,	,	PUNCT
abrj-501	44	20	as	as	SCONJ
abrj-501	44	21	analytical	analytical	ADJ
abrj-501	44	22	tools	tool	NOUN
abrj-501	44	23	provide	provide	VERB
abrj-501	44	24	continuous	continuous	ADJ
abrj-501	44	25	monitoring	monitoring	NOUN
abrj-501	44	26	capabilities	capability	NOUN
abrj-501	44	27	and	and	CCONJ
abrj-501	44	28	early	early	ADJ
abrj-501	44	29	warning	warning	NOUN
abrj-501	44	30	systems	system	NOUN
abrj-501	44	31	for	for	ADP
abrj-501	44	32	potential	potential	ADJ
abrj-501	44	33	financial	financial	ADJ
abrj-501	44	34	distress	distress	NOUN
abrj-501	44	35	(	(	PUNCT
abrj-501	44	36	altman	altman	NOUN
abrj-501	44	37	et	et	PROPN
abrj-501	44	38	al	al	PROPN
abrj-501	44	39	.	.	PROPN
abrj-501	44	40	,	,	PUNCT
abrj-501	44	41	2017	2017	NUM
abrj-501	44	42	)	)	PUNCT
abrj-501	44	43	.	.	PUNCT
abrj-501	45	1	2.1.2	2.1.2	X
abrj-501	45	2	.	.	X
abrj-501	45	3	resource	resource	NOUN
abrj-501	45	4	-	-	PUNCT
abrj-501	45	5	based	base	VERB
abrj-501	45	6	view	view	NOUN
abrj-501	45	7	and	and	CCONJ
abrj-501	45	8	analytical	analytical	ADJ
abrj-501	45	9	capabilities	capability	NOUN
abrj-501	45	10	the	the	DET
abrj-501	45	11	resource	resource	NOUN
abrj-501	45	12	-	-	PUNCT
abrj-501	45	13	based	base	VERB
abrj-501	45	14	view	view	NOUN
abrj-501	45	15	of	of	ADP
abrj-501	45	16	the	the	DET
abrj-501	45	17	firm	firm	NOUN
abrj-501	45	18	,	,	PUNCT
abrj-501	45	19	developed	develop	VERB
abrj-501	45	20	by	by	ADP
abrj-501	45	21	barney	barney	NOUN
abrj-501	45	22	(	(	PUNCT
abrj-501	45	23	1991	1991	NUM
abrj-501	45	24	)	)	PUNCT
abrj-501	45	25	and	and	CCONJ
abrj-501	45	26	refined	refine	VERB
abrj-501	45	27	by	by	ADP
abrj-501	45	28	subsequent	subsequent	ADJ
abrj-501	45	29	scholars	scholar	NOUN
abrj-501	45	30	,	,	PUNCT
abrj-501	45	31	emphasizes	emphasize	VERB
abrj-501	45	32	the	the	DET
abrj-501	45	33	strategic	strategic	ADJ
abrj-501	45	34	importance	importance	NOUN
abrj-501	45	35	of	of	ADP
abrj-501	45	36	unique	unique	ADJ
abrj-501	45	37	organizational	organizational	ADJ
abrj-501	45	38	resources	resource	NOUN
abrj-501	45	39	and	and	CCONJ
abrj-501	45	40	capabilities	capability	NOUN
abrj-501	45	41	in	in	ADP
abrj-501	45	42	achieving	achieve	VERB
abrj-501	45	43	competitive	competitive	ADJ
abrj-501	45	44	advantage	advantage	NOUN
abrj-501	45	45	.	.	PUNCT
abrj-501	46	1	within	within	ADP
abrj-501	46	2	this	this	DET
abrj-501	46	3	theoretical	theoretical	ADJ
abrj-501	46	4	framework	framework	NOUN
abrj-501	46	5	,	,	PUNCT
abrj-501	46	6	business	business	NOUN
abrj-501	46	7	analytics	analytic	NOUN
abrj-501	46	8	represents	represent	VERB
abrj-501	46	9	a	a	DET
abrj-501	46	10	valuable	valuable	ADJ
abrj-501	46	11	,	,	PUNCT
abrj-501	46	12	rare	rare	ADJ
abrj-501	46	13	,	,	PUNCT
abrj-501	46	14	imperfectly	imperfectly	ADV
abrj-501	46	15	imitable	imitable	ADJ
abrj-501	46	16	,	,	PUNCT
abrj-501	46	17	and	and	CCONJ
abrj-501	46	18	non	non	ADJ
abrj-501	46	19	-	-	ADJ
abrj-501	46	20	substitutable	substitutable	ADJ
abrj-501	46	21	organizational	organizational	ADJ
abrj-501	46	22	capability	capability	NOUN
abrj-501	46	23	that	that	PRON
abrj-501	46	24	can	can	AUX
abrj-501	46	25	provide	provide	VERB
abrj-501	46	26	sustainable	sustainable	ADJ
abrj-501	46	27	competitive	competitive	ADJ
abrj-501	46	28	advantages	advantage	NOUN
abrj-501	46	29	(	(	PUNCT
abrj-501	46	30	bharadwaj	bharadwaj	NOUN
abrj-501	46	31	,	,	PUNCT
abrj-501	46	32	2000	2000	NUM
abrj-501	46	33	)	)	PUNCT
abrj-501	46	34	.	.	PUNCT
abrj-501	47	1	analytical	analytical	ADJ
abrj-501	47	2	capabilities	capability	NOUN
abrj-501	47	3	enable	enable	VERB
abrj-501	47	4	firms	firm	NOUN
abrj-501	47	5	to	to	PART
abrj-501	47	6	develop	develop	VERB
abrj-501	47	7	superior	superior	ADJ
abrj-501	47	8	understanding	understanding	NOUN
abrj-501	47	9	of	of	ADP
abrj-501	47	10	their	their	PRON
abrj-501	47	11	financial	financial	ADJ
abrj-501	47	12	environment	environment	NOUN
abrj-501	47	13	,	,	PUNCT
abrj-501	47	14	market	market	NOUN
abrj-501	47	15	conditions	condition	NOUN
abrj-501	47	16	,	,	PUNCT
abrj-501	47	17	and	and	CCONJ
abrj-501	47	18	strategic	strategic	ADJ
abrj-501	47	19	opportunities	opportunity	NOUN
abrj-501	47	20	,	,	PUNCT
abrj-501	47	21	thereby	thereby	ADV
abrj-501	47	22	improving	improve	VERB
abrj-501	47	23	their	their	PRON
abrj-501	47	24	capacity	capacity	NOUN
abrj-501	47	25	to	to	PART
abrj-501	47	26	make	make	VERB
abrj-501	47	27	optimal	optimal	ADJ
abrj-501	47	28	financial	financial	ADJ
abrj-501	47	29	decisions	decision	NOUN
abrj-501	47	30	(	(	PUNCT
abrj-501	47	31	brynjolfsson	brynjolfsson	NOUN
abrj-501	47	32	&	&	CCONJ
abrj-501	47	33	hitt	hitt	PROPN
abrj-501	47	34	,	,	PUNCT
abrj-501	47	35	2000	2000	NUM
abrj-501	47	36	)	)	PUNCT
abrj-501	47	37	.	.	PUNCT
abrj-501	48	1	this	this	DET
abrj-501	48	2	enhanced	enhance	VERB
abrj-501	48	3	decision	decision	NOUN
abrj-501	48	4	-	-	PUNCT
abrj-501	48	5	making	make	VERB
abrj-501	48	6	capability	capability	NOUN
abrj-501	48	7	should	should	AUX
abrj-501	48	8	manifest	manifest	VERB
abrj-501	48	9	in	in	ADP
abrj-501	48	10	more	more	ADV
abrj-501	48	11	efficient	efficient	ADJ
abrj-501	48	12	capital	capital	NOUN
abrj-501	48	13	structure	structure	NOUN
abrj-501	48	14	choices	choice	NOUN
abrj-501	48	15	,	,	PUNCT
abrj-501	48	16	as	as	SCONJ
abrj-501	48	17	firms	firm	NOUN
abrj-501	48	18	can	can	AUX
abrj-501	48	19	better	well	ADV
abrj-501	48	20	evaluate	evaluate	VERB
abrj-501	48	21	the	the	DET
abrj-501	48	22	implications	implication	NOUN
abrj-501	48	23	of	of	ADP
abrj-501	48	24	different	different	ADJ
abrj-501	48	25	financing	financing	NOUN
abrj-501	48	26	alternatives	alternative	NOUN
abrj-501	48	27	and	and	CCONJ
abrj-501	48	28	select	select	ADJ
abrj-501	48	29	options	option	NOUN
abrj-501	48	30	that	that	PRON
abrj-501	48	31	maximize	maximize	VERB
abrj-501	48	32	firm	firm	ADJ
abrj-501	48	33	value	value	NOUN
abrj-501	48	34	(	(	PUNCT
abrj-501	48	35	teece	teece	PROPN
abrj-501	48	36	et	et	PROPN
abrj-501	48	37	al	al	PROPN
abrj-501	48	38	.	.	PROPN
abrj-501	48	39	,	,	PUNCT
abrj-501	48	40	1997	1997	NUM
abrj-501	48	41	)	)	PUNCT
abrj-501	48	42	.	.	PUNCT
abrj-501	49	1	the	the	DET
abrj-501	49	2	development	development	NOUN
abrj-501	49	3	of	of	ADP
abrj-501	49	4	analytical	analytical	ADJ
abrj-501	49	5	capabilities	capability	NOUN
abrj-501	49	6	requires	require	VERB
abrj-501	49	7	significant	significant	ADJ
abrj-501	49	8	investments	investment	NOUN
abrj-501	49	9	in	in	ADP
abrj-501	49	10	technology	technology	NOUN
abrj-501	49	11	,	,	PUNCT
abrj-501	49	12	human	human	ADJ
abrj-501	49	13	capital	capital	NOUN
abrj-501	49	14	,	,	PUNCT
abrj-501	49	15	and	and	CCONJ
abrj-501	49	16	organizational	organizational	ADJ
abrj-501	49	17	processes	process	NOUN
abrj-501	49	18	,	,	PUNCT
abrj-501	49	19	creating	create	VERB
abrj-501	49	20	barriers	barrier	NOUN
abrj-501	49	21	to	to	ADP
abrj-501	49	22	imitation	imitation	NOUN
abrj-501	49	23	that	that	PRON
abrj-501	49	24	can	can	AUX
abrj-501	49	25	sustain	sustain	VERB
abrj-501	49	26	competitive	competitive	ADJ
abrj-501	49	27	advantages	advantage	NOUN
abrj-501	49	28	over	over	ADP
abrj-501	49	29	time	time	NOUN
abrj-501	49	30	(	(	PUNCT
abrj-501	49	31	mata	mata	PROPN
abrj-501	49	32	et	et	PROPN
abrj-501	49	33	al	al	PROPN
abrj-501	49	34	.	.	PROPN
abrj-501	49	35	,	,	PUNCT
abrj-501	49	36	1995	1995	NUM
abrj-501	49	37	)	)	PUNCT
abrj-501	49	38	.	.	PUNCT
abrj-501	50	1	vietnamese	vietnamese	ADJ
abrj-501	50	2	firms	firm	NOUN
abrj-501	50	3	that	that	PRON
abrj-501	50	4	successfully	successfully	ADV
abrj-501	50	5	develop	develop	VERB
abrj-501	50	6	these	these	DET
abrj-501	50	7	capabilities	capability	NOUN
abrj-501	50	8	should	should	AUX
abrj-501	50	9	demonstrate	demonstrate	VERB
abrj-501	50	10	superior	superior	ADJ
abrj-501	50	11	financial	financial	ADJ
abrj-501	50	12	performance	performance	NOUN
abrj-501	50	13	and	and	CCONJ
abrj-501	50	14	more	more	ADV
abrj-501	50	15	efficient	efficient	ADJ
abrj-501	50	16	leverage	leverage	NOUN
abrj-501	50	17	management	management	NOUN
abrj-501	50	18	compared	compare	VERB
abrj-501	50	19	to	to	ADP
abrj-501	50	20	their	their	PRON
abrj-501	50	21	competitors	competitor	NOUN
abrj-501	50	22	lacking	lack	VERB
abrj-501	50	23	such	such	ADJ
abrj-501	50	24	analytical	analytical	ADJ
abrj-501	50	25	sophistication	sophistication	NOUN
abrj-501	50	26	(	(	PUNCT
abrj-501	50	27	nguyen	nguyen	PROPN
abrj-501	50	28	&	&	CCONJ
abrj-501	50	29	ramachandran	ramachandran	PROPN
abrj-501	50	30	,	,	PUNCT
abrj-501	50	31	2006	2006	NUM
abrj-501	50	32	)	)	PUNCT
abrj-501	50	33	.	.	PUNCT
abrj-501	51	1	research	research	NOUN
abrj-501	51	2	within	within	ADP
abrj-501	51	3	the	the	DET
abrj-501	51	4	resource	resource	NOUN
abrj-501	51	5	-	-	PUNCT
abrj-501	51	6	based	base	VERB
abrj-501	51	7	view	view	NOUN
abrj-501	51	8	framework	framework	NOUN
abrj-501	51	9	has	have	AUX
abrj-501	51	10	demonstrated	demonstrate	VERB
abrj-501	51	11	that	that	SCONJ
abrj-501	51	12	firms	firm	NOUN
abrj-501	51	13	with	with	ADP
abrj-501	51	14	superior	superior	ADJ
abrj-501	51	15	analytical	analytical	ADJ
abrj-501	51	16	capabilities	capability	NOUN
abrj-501	51	17	exhibit	exhibit	VERB
abrj-501	51	18	enhanced	enhance	VERB
abrj-501	51	19	financial	financial	ADJ
abrj-501	51	20	performance	performance	NOUN
abrj-501	51	21	,	,	PUNCT
abrj-501	51	22	improved	improve	VERB
abrj-501	51	23	risk	risk	NOUN
abrj-501	51	24	management	management	NOUN
abrj-501	51	25	,	,	PUNCT
abrj-501	51	26	and	and	CCONJ
abrj-501	51	27	more	more	ADV
abrj-501	51	28	efficient	efficient	ADJ
abrj-501	51	29	capital	capital	NOUN
abrj-501	51	30	allocation	allocation	NOUN
abrj-501	51	31	decisions	decision	NOUN
abrj-501	51	32	(	(	PUNCT
abrj-501	51	33	sambamurthy	sambamurthy	NOUN
abrj-501	51	34	et	et	PROPN
abrj-501	51	35	al	al	PROPN
abrj-501	51	36	.	.	PROPN
abrj-501	51	37	,	,	PUNCT
abrj-501	51	38	2003	2003	NUM
abrj-501	51	39	)	)	PUNCT
abrj-501	51	40	.	.	PUNCT
abrj-501	52	1	these	these	DET
abrj-501	52	2	findings	finding	NOUN
abrj-501	52	3	suggest	suggest	VERB
abrj-501	52	4	that	that	SCONJ
abrj-501	52	5	business	business	NOUN
abrj-501	52	6	analytics	analytic	NOUN
abrj-501	52	7	should	should	AUX
abrj-501	52	8	enable	enable	VERB
abrj-501	52	9	vietnamese	vietnamese	ADJ
abrj-501	52	10	firms	firm	NOUN
abrj-501	52	11	to	to	PART
abrj-501	52	12	optimize	optimize	VERB
abrj-501	52	13	their	their	PRON
abrj-501	52	14	leverage	leverage	NOUN
abrj-501	52	15	decisions	decision	NOUN
abrj-501	52	16	through	through	ADP
abrj-501	52	17	improved	improve	VERB
abrj-501	52	18	risk	risk	NOUN
abrj-501	52	19	assessment	assessment	NOUN
abrj-501	52	20	,	,	PUNCT
abrj-501	52	21	better	well	ADJ
abrj-501	52	22	understanding	understanding	NOUN
abrj-501	52	23	of	of	ADP
abrj-501	52	24	market	market	NOUN
abrj-501	52	25	conditions	condition	NOUN
abrj-501	52	26	,	,	PUNCT
abrj-501	52	27	and	and	CCONJ
abrj-501	52	28	enhanced	enhance	VERB
abrj-501	52	29	ability	ability	NOUN
abrj-501	52	30	to	to	PART
abrj-501	52	31	identify	identify	VERB
abrj-501	52	32	optimal	optimal	ADJ
abrj-501	52	33	financing	financing	NOUN
abrj-501	52	34	opportunities	opportunity	NOUN
abrj-501	52	35	.	.	PUNCT
abrj-501	53	1	2.2	2.2	NUM
abrj-501	53	2	.	.	PUNCT
abrj-501	53	3	review	review	NOUN
abrj-501	53	4	of	of	ADP
abrj-501	53	5	empirical	empirical	ADJ
abrj-501	53	6	studies	study	NOUN
abrj-501	53	7	and	and	CCONJ
abrj-501	53	8	hypothesis	hypothesis	NOUN
abrj-501	53	9	development	development	NOUN
abrj-501	53	10	the	the	DET
abrj-501	53	11	empirical	empirical	ADJ
abrj-501	53	12	literature	literature	NOUN
abrj-501	53	13	examining	examine	VERB
abrj-501	53	14	the	the	DET
abrj-501	53	15	relationship	relationship	NOUN
abrj-501	53	16	between	between	ADP
abrj-501	53	17	business	business	NOUN
abrj-501	53	18	analytics	analytic	NOUN
abrj-501	53	19	and	and	CCONJ
abrj-501	53	20	financial	financial	ADJ
abrj-501	53	21	leverage	leverage	NOUN
abrj-501	53	22	optimization	optimization	NOUN
abrj-501	53	23	has	have	AUX
abrj-501	53	24	evolved	evolve	VERB
abrj-501	53	25	significantly	significantly	ADV
abrj-501	53	26	over	over	ADP
abrj-501	53	27	the	the	DET
abrj-501	53	28	past	past	ADJ
abrj-501	53	29	decade	decade	NOUN
abrj-501	53	30	,	,	PUNCT
abrj-501	53	31	with	with	ADP
abrj-501	53	32	studies	study	NOUN
abrj-501	53	33	demonstrating	demonstrate	VERB
abrj-501	53	34	varying	vary	VERB
abrj-501	53	35	degrees	degree	NOUN
abrj-501	53	36	of	of	ADP
abrj-501	53	37	support	support	NOUN
abrj-501	53	38	asian	asian	ADJ
abrj-501	53	39	business	business	NOUN
abrj-501	53	40	research	research	NOUN
abrj-501	53	41	journal	journal	NOUN
abrj-501	53	42	,	,	PUNCT
abrj-501	53	43	2025	2025	NUM
abrj-501	53	44	,	,	PUNCT
abrj-501	53	45	10(7	10(7	NUM
abrj-501	53	46	):	):	PUNCT
abrj-501	53	47	67	67	NUM
abrj-501	53	48	-	-	SYM
abrj-501	53	49	75	75	NUM
abrj-501	53	50	69	69	NUM
abrj-501	53	51	©	©	ADP
abrj-501	53	52	2025	2025	NUM
abrj-501	53	53	by	by	ADP
abrj-501	53	54	the	the	DET
abrj-501	53	55	author	author	NOUN
abrj-501	53	56	;	;	PUNCT
abrj-501	53	57	licensee	licensee	NOUN
abrj-501	53	58	eastern	eastern	ADJ
abrj-501	53	59	centre	centre	NOUN
abrj-501	53	60	of	of	ADP
abrj-501	53	61	science	science	NOUN
abrj-501	53	62	and	and	CCONJ
abrj-501	53	63	education	education	NOUN
abrj-501	53	64	,	,	PUNCT
abrj-501	53	65	usa	usa	PROPN
abrj-501	53	66	for	for	ADP
abrj-501	53	67	theoretical	theoretical	ADJ
abrj-501	53	68	predictions	prediction	NOUN
abrj-501	53	69	.	.	PUNCT
abrj-501	54	1	early	early	ADJ
abrj-501	54	2	research	research	NOUN
abrj-501	54	3	by	by	ADP
abrj-501	54	4	bharadwaj	bharadwaj	PROPN
abrj-501	54	5	(	(	PUNCT
abrj-501	54	6	2000	2000	NUM
abrj-501	54	7	)	)	PUNCT
abrj-501	54	8	established	establish	VERB
abrj-501	54	9	that	that	SCONJ
abrj-501	54	10	firms	firm	NOUN
abrj-501	54	11	with	with	ADP
abrj-501	54	12	superior	superior	ADJ
abrj-501	54	13	information	information	NOUN
abrj-501	54	14	technology	technology	NOUN
abrj-501	54	15	capabilities	capability	NOUN
abrj-501	54	16	demonstrate	demonstrate	VERB
abrj-501	54	17	enhanced	enhanced	ADJ
abrj-501	54	18	financial	financial	ADJ
abrj-501	54	19	performance	performance	NOUN
abrj-501	54	20	,	,	PUNCT
abrj-501	54	21	including	include	VERB
abrj-501	54	22	improved	improve	VERB
abrj-501	54	23	return	return	NOUN
abrj-501	54	24	on	on	ADP
abrj-501	54	25	assets	asset	NOUN
abrj-501	54	26	and	and	CCONJ
abrj-501	54	27	return	return	VERB
abrj-501	54	28	on	on	ADP
abrj-501	54	29	equity	equity	NOUN
abrj-501	54	30	.	.	PUNCT
abrj-501	55	1	this	this	DET
abrj-501	55	2	foundational	foundational	ADJ
abrj-501	55	3	work	work	NOUN
abrj-501	55	4	suggested	suggest	VERB
abrj-501	55	5	that	that	SCONJ
abrj-501	55	6	analytical	analytical	ADJ
abrj-501	55	7	capabilities	capability	NOUN
abrj-501	55	8	could	could	AUX
abrj-501	55	9	influence	influence	VERB
abrj-501	55	10	various	various	ADJ
abrj-501	55	11	aspects	aspect	NOUN
abrj-501	55	12	of	of	ADP
abrj-501	55	13	financial	financial	ADJ
abrj-501	55	14	management	management	NOUN
abrj-501	55	15	,	,	PUNCT
abrj-501	55	16	including	include	VERB
abrj-501	55	17	capital	capital	NOUN
abrj-501	55	18	structure	structure	NOUN
abrj-501	55	19	decisions	decision	NOUN
abrj-501	55	20	.	.	PUNCT
abrj-501	56	1	subsequent	subsequent	ADJ
abrj-501	56	2	research	research	NOUN
abrj-501	56	3	by	by	ADP
abrj-501	56	4	brynjolfsson	brynjolfsson	NOUN
abrj-501	56	5	and	and	CCONJ
abrj-501	56	6	hitt	hitt	X
abrj-501	56	7	(	(	PUNCT
abrj-501	56	8	2003	2003	NUM
abrj-501	56	9	)	)	PUNCT
abrj-501	56	10	provided	provide	VERB
abrj-501	56	11	evidence	evidence	NOUN
abrj-501	56	12	that	that	SCONJ
abrj-501	56	13	investments	investment	NOUN
abrj-501	56	14	in	in	ADP
abrj-501	56	15	information	information	NOUN
abrj-501	56	16	technology	technology	NOUN
abrj-501	56	17	and	and	CCONJ
abrj-501	56	18	analytical	analytical	ADJ
abrj-501	56	19	capabilities	capability	NOUN
abrj-501	56	20	generate	generate	VERB
abrj-501	56	21	substantial	substantial	ADJ
abrj-501	56	22	returns	return	NOUN
abrj-501	56	23	through	through	ADP
abrj-501	56	24	improved	improve	VERB
abrj-501	56	25	productivity	productivity	NOUN
abrj-501	56	26	and	and	CCONJ
abrj-501	56	27	decisionmaking	decisionmake	VERB
abrj-501	56	28	quality	quality	NOUN
abrj-501	56	29	.	.	PUNCT
abrj-501	57	1	their	their	PRON
abrj-501	57	2	findings	finding	NOUN
abrj-501	57	3	indicated	indicate	VERB
abrj-501	57	4	that	that	SCONJ
abrj-501	57	5	firms	firm	NOUN
abrj-501	57	6	with	with	ADP
abrj-501	57	7	advanced	advanced	ADJ
abrj-501	57	8	analytical	analytical	ADJ
abrj-501	57	9	capabilities	capability	NOUN
abrj-501	57	10	demonstrate	demonstrate	VERB
abrj-501	57	11	superior	superior	ADJ
abrj-501	57	12	ability	ability	NOUN
abrj-501	57	13	to	to	PART
abrj-501	57	14	optimize	optimize	VERB
abrj-501	57	15	operational	operational	ADJ
abrj-501	57	16	and	and	CCONJ
abrj-501	57	17	financial	financial	ADJ
abrj-501	57	18	decisions	decision	NOUN
abrj-501	57	19	,	,	PUNCT
abrj-501	57	20	including	include	VERB
abrj-501	57	21	capital	capital	NOUN
abrj-501	57	22	structure	structure	NOUN
abrj-501	57	23	choices	choice	NOUN
abrj-501	57	24	.	.	PUNCT
abrj-501	58	1	this	this	DET
abrj-501	58	2	research	research	NOUN
abrj-501	58	3	established	establish	VERB
abrj-501	58	4	the	the	DET
abrj-501	58	5	theoretical	theoretical	ADJ
abrj-501	58	6	foundation	foundation	NOUN
abrj-501	58	7	for	for	ADP
abrj-501	58	8	expecting	expect	VERB
abrj-501	58	9	positive	positive	ADJ
abrj-501	58	10	relationships	relationship	NOUN
abrj-501	58	11	between	between	ADP
abrj-501	58	12	business	business	NOUN
abrj-501	58	13	analytics	analytic	NOUN
abrj-501	58	14	and	and	CCONJ
abrj-501	58	15	leverage	leverage	NOUN
abrj-501	58	16	optimization	optimization	NOUN
abrj-501	58	17	.	.	PUNCT
abrj-501	59	1	more	more	ADJ
abrj-501	59	2	recent	recent	ADJ
abrj-501	59	3	studies	study	NOUN
abrj-501	59	4	have	have	AUX
abrj-501	59	5	provided	provide	VERB
abrj-501	59	6	direct	direct	ADJ
abrj-501	59	7	evidence	evidence	NOUN
abrj-501	59	8	of	of	ADP
abrj-501	59	9	the	the	DET
abrj-501	59	10	relationship	relationship	NOUN
abrj-501	59	11	between	between	ADP
abrj-501	59	12	analytical	analytical	ADJ
abrj-501	59	13	capabilities	capability	NOUN
abrj-501	59	14	and	and	CCONJ
abrj-501	59	15	financial	financial	ADJ
abrj-501	59	16	decision	decision	NOUN
abrj-501	59	17	-	-	PUNCT
abrj-501	59	18	making	making	NOUN
abrj-501	59	19	.	.	PUNCT
abrj-501	60	1	chen	chen	PROPN
abrj-501	60	2	et	et	PROPN
abrj-501	60	3	al	al	PROPN
abrj-501	60	4	.	.	PROPN
abrj-501	61	1	(	(	PUNCT
abrj-501	61	2	2012	2012	NUM
abrj-501	61	3	)	)	PUNCT
abrj-501	61	4	examined	examine	VERB
abrj-501	61	5	the	the	DET
abrj-501	61	6	impact	impact	NOUN
abrj-501	61	7	of	of	ADP
abrj-501	61	8	business	business	NOUN
abrj-501	61	9	intelligence	intelligence	NOUN
abrj-501	61	10	systems	system	NOUN
abrj-501	61	11	on	on	ADP
abrj-501	61	12	corporate	corporate	ADJ
abrj-501	61	13	financial	financial	ADJ
abrj-501	61	14	performance	performance	NOUN
abrj-501	61	15	,	,	PUNCT
abrj-501	61	16	finding	find	VERB
abrj-501	61	17	that	that	SCONJ
abrj-501	61	18	firms	firm	NOUN
abrj-501	61	19	with	with	ADP
abrj-501	61	20	sophisticated	sophisticated	ADJ
abrj-501	61	21	analytical	analytical	ADJ
abrj-501	61	22	capabilities	capability	NOUN
abrj-501	61	23	demonstrate	demonstrate	VERB
abrj-501	61	24	improved	improve	VERB
abrj-501	61	25	financial	financial	ADJ
abrj-501	61	26	ratios	ratio	NOUN
abrj-501	61	27	,	,	PUNCT
abrj-501	61	28	including	include	VERB
abrj-501	61	29	more	more	ADV
abrj-501	61	30	efficient	efficient	ADJ
abrj-501	61	31	leverage	leverage	NOUN
abrj-501	61	32	utilization	utilization	NOUN
abrj-501	61	33	.	.	PUNCT
abrj-501	62	1	their	their	PRON
abrj-501	62	2	research	research	NOUN
abrj-501	62	3	suggested	suggest	VERB
abrj-501	62	4	that	that	SCONJ
abrj-501	62	5	analytical	analytical	ADJ
abrj-501	62	6	tools	tool	NOUN
abrj-501	62	7	enable	enable	VERB
abrj-501	62	8	firms	firm	NOUN
abrj-501	62	9	to	to	PART
abrj-501	62	10	better	well	ADV
abrj-501	62	11	understand	understand	VERB
abrj-501	62	12	their	their	PRON
abrj-501	62	13	financial	financial	ADJ
abrj-501	62	14	environment	environment	NOUN
abrj-501	62	15	and	and	CCONJ
abrj-501	62	16	make	make	VERB
abrj-501	62	17	more	more	ADV
abrj-501	62	18	informed	informed	ADJ
abrj-501	62	19	capital	capital	NOUN
abrj-501	62	20	structure	structure	NOUN
abrj-501	62	21	decisions	decision	NOUN
abrj-501	62	22	.	.	PUNCT
abrj-501	63	1	wamba	wamba	PROPN
abrj-501	63	2	et	et	PROPN
abrj-501	63	3	al	al	PROPN
abrj-501	63	4	.	.	PROPN
abrj-501	64	1	(	(	PUNCT
abrj-501	64	2	2015	2015	NUM
abrj-501	64	3	)	)	PUNCT
abrj-501	64	4	conducted	conduct	VERB
abrj-501	64	5	a	a	DET
abrj-501	64	6	comprehensive	comprehensive	ADJ
abrj-501	64	7	review	review	NOUN
abrj-501	64	8	of	of	ADP
abrj-501	64	9	big	big	ADJ
abrj-501	64	10	data	datum	NOUN
abrj-501	64	11	analytics	analytic	NOUN
abrj-501	64	12	in	in	ADP
abrj-501	64	13	business	business	NOUN
abrj-501	64	14	,	,	PUNCT
abrj-501	64	15	identifying	identify	VERB
abrj-501	64	16	financial	financial	ADJ
abrj-501	64	17	management	management	NOUN
abrj-501	64	18	as	as	ADP
abrj-501	64	19	a	a	DET
abrj-501	64	20	key	key	ADJ
abrj-501	64	21	application	application	NOUN
abrj-501	64	22	area	area	NOUN
abrj-501	64	23	where	where	SCONJ
abrj-501	64	24	analytical	analytical	ADJ
abrj-501	64	25	capabilities	capability	NOUN
abrj-501	64	26	generate	generate	VERB
abrj-501	64	27	substantial	substantial	ADJ
abrj-501	64	28	value	value	NOUN
abrj-501	64	29	.	.	PUNCT
abrj-501	65	1	their	their	PRON
abrj-501	65	2	findings	finding	NOUN
abrj-501	65	3	indicated	indicate	VERB
abrj-501	65	4	that	that	SCONJ
abrj-501	65	5	firms	firm	NOUN
abrj-501	65	6	utilizing	utilize	VERB
abrj-501	65	7	advanced	advanced	ADJ
abrj-501	65	8	analytics	analytic	NOUN
abrj-501	65	9	for	for	ADP
abrj-501	65	10	financial	financial	ADJ
abrj-501	65	11	decision	decision	NOUN
abrj-501	65	12	-	-	PUNCT
abrj-501	65	13	making	making	NOUN
abrj-501	65	14	demonstrate	demonstrate	NOUN
abrj-501	65	15	improved	improved	ADJ
abrj-501	65	16	performance	performance	NOUN
abrj-501	65	17	across	across	ADP
abrj-501	65	18	multiple	multiple	ADJ
abrj-501	65	19	dimensions	dimension	NOUN
abrj-501	65	20	,	,	PUNCT
abrj-501	65	21	including	include	VERB
abrj-501	65	22	capital	capital	NOUN
abrj-501	65	23	structure	structure	NOUN
abrj-501	65	24	optimization	optimization	NOUN
abrj-501	65	25	.	.	PUNCT
abrj-501	66	1	this	this	DET
abrj-501	66	2	research	research	NOUN
abrj-501	66	3	provided	provide	VERB
abrj-501	66	4	strong	strong	ADJ
abrj-501	66	5	theoretical	theoretical	ADJ
abrj-501	66	6	support	support	NOUN
abrj-501	66	7	for	for	ADP
abrj-501	66	8	expecting	expect	VERB
abrj-501	66	9	positive	positive	ADJ
abrj-501	66	10	relationships	relationship	NOUN
abrj-501	66	11	between	between	ADP
abrj-501	66	12	business	business	NOUN
abrj-501	66	13	analytics	analytic	NOUN
abrj-501	66	14	and	and	CCONJ
abrj-501	66	15	leverage	leverage	NOUN
abrj-501	66	16	efficiency	efficiency	NOUN
abrj-501	66	17	.	.	PUNCT
abrj-501	67	1	the	the	DET
abrj-501	67	2	emerging	emerge	VERB
abrj-501	67	3	market	market	NOUN
abrj-501	67	4	context	context	NOUN
abrj-501	67	5	adds	add	VERB
abrj-501	67	6	additional	additional	ADJ
abrj-501	67	7	complexity	complexity	NOUN
abrj-501	67	8	to	to	ADP
abrj-501	67	9	the	the	DET
abrj-501	67	10	relationship	relationship	NOUN
abrj-501	67	11	between	between	ADP
abrj-501	67	12	business	business	NOUN
abrj-501	67	13	analytics	analytic	NOUN
abrj-501	67	14	and	and	CCONJ
abrj-501	67	15	leverage	leverage	NOUN
abrj-501	67	16	optimization	optimization	NOUN
abrj-501	67	17	.	.	PUNCT
abrj-501	68	1	booth	booth	NOUN
abrj-501	68	2	et	et	PROPN
abrj-501	68	3	al	al	PROPN
abrj-501	68	4	.	.	PROPN
abrj-501	69	1	(	(	PUNCT
abrj-501	69	2	2001	2001	NUM
abrj-501	69	3	)	)	PUNCT
abrj-501	69	4	demonstrated	demonstrate	VERB
abrj-501	69	5	that	that	SCONJ
abrj-501	69	6	firms	firm	NOUN
abrj-501	69	7	in	in	ADP
abrj-501	69	8	emerging	emerge	VERB
abrj-501	69	9	markets	market	NOUN
abrj-501	69	10	face	face	VERB
abrj-501	69	11	unique	unique	ADJ
abrj-501	69	12	challenges	challenge	NOUN
abrj-501	69	13	in	in	ADP
abrj-501	69	14	optimizing	optimize	VERB
abrj-501	69	15	their	their	PRON
abrj-501	69	16	capital	capital	NOUN
abrj-501	69	17	structure	structure	NOUN
abrj-501	69	18	,	,	PUNCT
abrj-501	69	19	including	include	VERB
abrj-501	69	20	information	information	NOUN
abrj-501	69	21	asymmetries	asymmetry	NOUN
abrj-501	69	22	,	,	PUNCT
abrj-501	69	23	institutional	institutional	ADJ
abrj-501	69	24	weaknesses	weakness	NOUN
abrj-501	69	25	,	,	PUNCT
abrj-501	69	26	and	and	CCONJ
abrj-501	69	27	market	market	NOUN
abrj-501	69	28	inefficiencies	inefficiency	NOUN
abrj-501	69	29	.	.	PUNCT
abrj-501	70	1	these	these	DET
abrj-501	70	2	challenges	challenge	NOUN
abrj-501	70	3	suggest	suggest	VERB
abrj-501	70	4	that	that	SCONJ
abrj-501	70	5	analytical	analytical	ADJ
abrj-501	70	6	capabilities	capability	NOUN
abrj-501	70	7	may	may	AUX
abrj-501	70	8	be	be	AUX
abrj-501	70	9	particularly	particularly	ADV
abrj-501	70	10	valuable	valuable	ADJ
abrj-501	70	11	for	for	ADP
abrj-501	70	12	emerging	emerge	VERB
abrj-501	70	13	market	market	NOUN
abrj-501	70	14	firms	firm	NOUN
abrj-501	70	15	,	,	PUNCT
abrj-501	70	16	as	as	SCONJ
abrj-501	70	17	they	they	PRON
abrj-501	70	18	provide	provide	VERB
abrj-501	70	19	tools	tool	NOUN
abrj-501	70	20	for	for	ADP
abrj-501	70	21	navigating	navigate	VERB
abrj-501	70	22	complex	complex	ADJ
abrj-501	70	23	financial	financial	ADJ
abrj-501	70	24	environments	environment	NOUN
abrj-501	70	25	.	.	PUNCT
abrj-501	71	1	djankov	djankov	PROPN
abrj-501	71	2	et	et	PROPN
abrj-501	71	3	al	al	PROPN
abrj-501	71	4	.	.	PROPN
abrj-501	72	1	(	(	PUNCT
abrj-501	72	2	2007	2007	NUM
abrj-501	72	3	)	)	PUNCT
abrj-501	72	4	examined	examine	VERB
abrj-501	72	5	the	the	DET
abrj-501	72	6	institutional	institutional	ADJ
abrj-501	72	7	determinants	determinant	NOUN
abrj-501	72	8	of	of	ADP
abrj-501	72	9	leverage	leverage	NOUN
abrj-501	72	10	in	in	ADP
abrj-501	72	11	emerging	emerge	VERB
abrj-501	72	12	markets	market	NOUN
abrj-501	72	13	,	,	PUNCT
abrj-501	72	14	finding	find	VERB
abrj-501	72	15	that	that	SCONJ
abrj-501	72	16	firms	firm	NOUN
abrj-501	72	17	operating	operate	VERB
abrj-501	72	18	in	in	ADP
abrj-501	72	19	environments	environment	NOUN
abrj-501	72	20	with	with	ADP
abrj-501	72	21	weak	weak	ADJ
abrj-501	72	22	institutional	institutional	ADJ
abrj-501	72	23	frameworks	framework	NOUN
abrj-501	72	24	benefit	benefit	VERB
abrj-501	72	25	significantly	significantly	ADV
abrj-501	72	26	from	from	ADP
abrj-501	72	27	enhanced	enhanced	ADJ
abrj-501	72	28	information	information	NOUN
abrj-501	72	29	processing	processing	NOUN
abrj-501	72	30	capabilities	capability	NOUN
abrj-501	72	31	.	.	PUNCT
abrj-501	73	1	their	their	PRON
abrj-501	73	2	research	research	NOUN
abrj-501	73	3	suggested	suggest	VERB
abrj-501	73	4	that	that	SCONJ
abrj-501	73	5	business	business	NOUN
abrj-501	73	6	analytics	analytic	NOUN
abrj-501	73	7	should	should	AUX
abrj-501	73	8	be	be	AUX
abrj-501	73	9	particularly	particularly	ADV
abrj-501	73	10	valuable	valuable	ADJ
abrj-501	73	11	for	for	ADP
abrj-501	73	12	vietnamese	vietnamese	ADJ
abrj-501	73	13	firms	firm	NOUN
abrj-501	73	14	,	,	PUNCT
abrj-501	73	15	given	give	VERB
abrj-501	73	16	the	the	DET
abrj-501	73	17	country	country	NOUN
abrj-501	73	18	's	's	PART
abrj-501	73	19	developing	develop	VERB
abrj-501	73	20	institutional	institutional	ADJ
abrj-501	73	21	environment	environment	NOUN
abrj-501	73	22	and	and	CCONJ
abrj-501	73	23	evolving	evolve	VERB
abrj-501	73	24	financial	financial	ADJ
abrj-501	73	25	markets	market	NOUN
abrj-501	73	26	.	.	PUNCT
abrj-501	74	1	based	base	VERB
abrj-501	74	2	on	on	ADP
abrj-501	74	3	this	this	DET
abrj-501	74	4	theoretical	theoretical	ADJ
abrj-501	74	5	and	and	CCONJ
abrj-501	74	6	empirical	empirical	ADJ
abrj-501	74	7	foundation	foundation	NOUN
abrj-501	74	8	,	,	PUNCT
abrj-501	74	9	this	this	DET
abrj-501	74	10	study	study	NOUN
abrj-501	74	11	proposes	propose	VERB
abrj-501	74	12	the	the	DET
abrj-501	74	13	following	follow	VERB
abrj-501	74	14	hypotheses	hypothesis	NOUN
abrj-501	74	15	:	:	PUNCT
abrj-501	74	16	hypothesis	hypothesis	NOUN
abrj-501	74	17	1	1	NUM
abrj-501	74	18	(	(	PUNCT
abrj-501	74	19	h1	h1	PROPN
abrj-501	74	20	):	):	PUNCT
abrj-501	74	21	vietnamese	vietnamese	ADJ
abrj-501	74	22	firms	firm	NOUN
abrj-501	74	23	with	with	ADP
abrj-501	74	24	higher	high	ADJ
abrj-501	74	25	levels	level	NOUN
abrj-501	74	26	of	of	ADP
abrj-501	74	27	business	business	NOUN
abrj-501	74	28	analytics	analytic	NOUN
abrj-501	74	29	capabilities	capability	NOUN
abrj-501	74	30	demonstrate	demonstrate	VERB
abrj-501	74	31	significantly	significantly	ADV
abrj-501	74	32	lower	low	ADJ
abrj-501	74	33	leverage	leverage	NOUN
abrj-501	74	34	ratios	ratio	NOUN
abrj-501	74	35	,	,	PUNCT
abrj-501	74	36	indicating	indicate	VERB
abrj-501	74	37	more	more	ADV
abrj-501	74	38	conservative	conservative	ADJ
abrj-501	74	39	and	and	CCONJ
abrj-501	74	40	optimized	optimize	VERB
abrj-501	74	41	debt	debt	NOUN
abrj-501	74	42	utilization	utilization	NOUN
abrj-501	74	43	strategies	strategy	NOUN
abrj-501	74	44	.	.	PUNCT
abrj-501	75	1	this	this	DET
abrj-501	75	2	hypothesis	hypothesis	NOUN
abrj-501	75	3	draws	draw	VERB
abrj-501	75	4	upon	upon	SCONJ
abrj-501	75	5	trade	trade	NOUN
abrj-501	75	6	-	-	PUNCT
abrj-501	75	7	off	off	ADP
abrj-501	75	8	theory	theory	NOUN
abrj-501	75	9	and	and	CCONJ
abrj-501	75	10	empirical	empirical	ADJ
abrj-501	75	11	evidence	evidence	NOUN
abrj-501	75	12	suggesting	suggest	VERB
abrj-501	75	13	that	that	SCONJ
abrj-501	75	14	firms	firm	NOUN
abrj-501	75	15	with	with	ADP
abrj-501	75	16	superior	superior	ADJ
abrj-501	75	17	analytical	analytical	ADJ
abrj-501	75	18	capabilities	capability	NOUN
abrj-501	75	19	can	can	AUX
abrj-501	75	20	better	well	ADV
abrj-501	75	21	assess	assess	VERB
abrj-501	75	22	their	their	PRON
abrj-501	75	23	optimal	optimal	ADJ
abrj-501	75	24	leverage	leverage	NOUN
abrj-501	75	25	levels	level	NOUN
abrj-501	75	26	and	and	CCONJ
abrj-501	75	27	avoid	avoid	VERB
abrj-501	75	28	excessive	excessive	ADJ
abrj-501	75	29	debt	debt	NOUN
abrj-501	75	30	utilization	utilization	NOUN
abrj-501	75	31	.	.	PUNCT
abrj-501	76	1	the	the	DET
abrj-501	76	2	relationship	relationship	NOUN
abrj-501	76	3	should	should	AUX
abrj-501	76	4	be	be	AUX
abrj-501	76	5	particularly	particularly	ADV
abrj-501	76	6	pronounced	pronounce	VERB
abrj-501	76	7	in	in	ADP
abrj-501	76	8	vietnam	vietnam	PROPN
abrj-501	76	9	's	's	PART
abrj-501	76	10	emerging	emerge	VERB
abrj-501	76	11	market	market	NOUN
abrj-501	76	12	context	context	NOUN
abrj-501	76	13	,	,	PUNCT
abrj-501	76	14	where	where	SCONJ
abrj-501	76	15	information	information	NOUN
abrj-501	76	16	asymmetries	asymmetry	NOUN
abrj-501	76	17	create	create	VERB
abrj-501	76	18	additional	additional	ADJ
abrj-501	76	19	challenges	challenge	NOUN
abrj-501	76	20	for	for	ADP
abrj-501	76	21	optimal	optimal	ADJ
abrj-501	76	22	capital	capital	NOUN
abrj-501	76	23	structure	structure	NOUN
abrj-501	76	24	determination	determination	NOUN
abrj-501	76	25	.	.	PUNCT
abrj-501	77	1	hypothesis	hypothesis	NOUN
abrj-501	77	2	2	2	NUM
abrj-501	77	3	(	(	PUNCT
abrj-501	77	4	h2	h2	NOUN
abrj-501	77	5	):	):	PUNCT
abrj-501	77	6	the	the	DET
abrj-501	77	7	relationship	relationship	NOUN
abrj-501	77	8	between	between	ADP
abrj-501	77	9	business	business	NOUN
abrj-501	77	10	analytics	analytic	NOUN
abrj-501	77	11	capabilities	capability	NOUN
abrj-501	77	12	and	and	CCONJ
abrj-501	77	13	leverage	leverage	NOUN
abrj-501	77	14	optimization	optimization	NOUN
abrj-501	77	15	is	be	AUX
abrj-501	77	16	moderated	moderate	VERB
abrj-501	77	17	by	by	ADP
abrj-501	77	18	firm	firm	ADJ
abrj-501	77	19	size	size	NOUN
abrj-501	77	20	,	,	PUNCT
abrj-501	77	21	with	with	ADP
abrj-501	77	22	stronger	strong	ADJ
abrj-501	77	23	effects	effect	NOUN
abrj-501	77	24	observed	observe	VERB
abrj-501	77	25	among	among	ADP
abrj-501	77	26	medium	medium	ADJ
abrj-501	77	27	-	-	PUNCT
abrj-501	77	28	sized	sized	ADJ
abrj-501	77	29	enterprises	enterprise	NOUN
abrj-501	77	30	compared	compare	VERB
abrj-501	77	31	to	to	ADP
abrj-501	77	32	large	large	ADJ
abrj-501	77	33	corporations	corporation	NOUN
abrj-501	77	34	.	.	PUNCT
abrj-501	78	1	this	this	DET
abrj-501	78	2	hypothesis	hypothesis	NOUN
abrj-501	78	3	recognizes	recognize	VERB
abrj-501	78	4	that	that	SCONJ
abrj-501	78	5	the	the	DET
abrj-501	78	6	benefits	benefit	NOUN
abrj-501	78	7	of	of	ADP
abrj-501	78	8	analytical	analytical	ADJ
abrj-501	78	9	capabilities	capability	NOUN
abrj-501	78	10	may	may	AUX
abrj-501	78	11	vary	vary	VERB
abrj-501	78	12	across	across	ADP
abrj-501	78	13	firm	firm	ADJ
abrj-501	78	14	size	size	NOUN
abrj-501	78	15	categories	category	NOUN
abrj-501	78	16	.	.	PUNCT
abrj-501	79	1	medium	medium	ADJ
abrj-501	79	2	-	-	PUNCT
abrj-501	79	3	sized	sized	ADJ
abrj-501	79	4	enterprises	enterprise	NOUN
abrj-501	79	5	may	may	AUX
abrj-501	79	6	benefit	benefit	VERB
abrj-501	79	7	more	more	ADV
abrj-501	79	8	from	from	ADP
abrj-501	79	9	analytical	analytical	ADJ
abrj-501	79	10	tools	tool	NOUN
abrj-501	79	11	because	because	SCONJ
abrj-501	79	12	they	they	PRON
abrj-501	79	13	lack	lack	VERB
abrj-501	79	14	the	the	DET
abrj-501	79	15	extensive	extensive	ADJ
abrj-501	79	16	resources	resource	NOUN
abrj-501	79	17	and	and	CCONJ
abrj-501	79	18	expertise	expertise	NOUN
abrj-501	79	19	of	of	ADP
abrj-501	79	20	large	large	ADJ
abrj-501	79	21	corporations	corporation	NOUN
abrj-501	79	22	but	but	CCONJ
abrj-501	79	23	have	have	VERB
abrj-501	79	24	sufficient	sufficient	ADJ
abrj-501	79	25	scale	scale	NOUN
abrj-501	79	26	to	to	PART
abrj-501	79	27	justify	justify	VERB
abrj-501	79	28	investments	investment	NOUN
abrj-501	79	29	in	in	ADP
abrj-501	79	30	analytical	analytical	ADJ
abrj-501	79	31	capabilities	capability	NOUN
abrj-501	79	32	.	.	PUNCT
abrj-501	80	1	large	large	ADJ
abrj-501	80	2	corporations	corporation	NOUN
abrj-501	80	3	may	may	AUX
abrj-501	80	4	already	already	ADV
abrj-501	80	5	possess	possess	VERB
abrj-501	80	6	sophisticated	sophisticated	ADJ
abrj-501	80	7	financial	financial	ADJ
abrj-501	80	8	management	management	NOUN
abrj-501	80	9	capabilities	capability	NOUN
abrj-501	80	10	that	that	PRON
abrj-501	80	11	reduce	reduce	VERB
abrj-501	80	12	the	the	DET
abrj-501	80	13	marginal	marginal	ADJ
abrj-501	80	14	benefits	benefit	NOUN
abrj-501	80	15	of	of	ADP
abrj-501	80	16	additional	additional	ADJ
abrj-501	80	17	analytical	analytical	ADJ
abrj-501	80	18	tools	tool	NOUN
abrj-501	80	19	.	.	PUNCT
abrj-501	81	1	hypothesis	hypothesis	NOUN
abrj-501	81	2	3	3	NUM
abrj-501	81	3	(	(	PUNCT
abrj-501	81	4	h3	h3	NOUN
abrj-501	81	5	):	):	PUNCT
abrj-501	81	6	vietnamese	vietnamese	ADJ
abrj-501	81	7	firms	firm	NOUN
abrj-501	81	8	with	with	ADP
abrj-501	81	9	advanced	advanced	ADJ
abrj-501	81	10	business	business	NOUN
abrj-501	81	11	analytics	analytic	NOUN
abrj-501	81	12	capabilities	capability	NOUN
abrj-501	81	13	demonstrate	demonstrate	VERB
abrj-501	81	14	lower	low	ADJ
abrj-501	81	15	leverage	leverage	NOUN
abrj-501	81	16	volatility	volatility	NOUN
abrj-501	81	17	over	over	ADP
abrj-501	81	18	time	time	NOUN
abrj-501	81	19	,	,	PUNCT
abrj-501	81	20	indicating	indicate	VERB
abrj-501	81	21	more	more	ADV
abrj-501	81	22	stable	stable	ADJ
abrj-501	81	23	and	and	CCONJ
abrj-501	81	24	consistent	consistent	ADJ
abrj-501	81	25	capital	capital	NOUN
abrj-501	81	26	structure	structure	NOUN
abrj-501	81	27	management	management	NOUN
abrj-501	81	28	.	.	PUNCT
abrj-501	82	1	this	this	DET
abrj-501	82	2	hypothesis	hypothesis	NOUN
abrj-501	82	3	suggests	suggest	VERB
abrj-501	82	4	that	that	SCONJ
abrj-501	82	5	analytical	analytical	ADJ
abrj-501	82	6	capabilities	capability	NOUN
abrj-501	82	7	not	not	PART
abrj-501	82	8	only	only	ADV
abrj-501	82	9	improve	improve	VERB
abrj-501	82	10	static	static	ADJ
abrj-501	82	11	leverage	leverage	NOUN
abrj-501	82	12	decisions	decision	NOUN
abrj-501	82	13	but	but	CCONJ
abrj-501	82	14	also	also	ADV
abrj-501	82	15	enhance	enhance	VERB
abrj-501	82	16	dynamic	dynamic	ADJ
abrj-501	82	17	capital	capital	NOUN
abrj-501	82	18	structure	structure	NOUN
abrj-501	82	19	management	management	NOUN
abrj-501	82	20	.	.	PUNCT
abrj-501	83	1	firms	firm	NOUN
abrj-501	83	2	with	with	ADP
abrj-501	83	3	sophisticated	sophisticated	ADJ
abrj-501	83	4	analytical	analytical	ADJ
abrj-501	83	5	tools	tool	NOUN
abrj-501	83	6	should	should	AUX
abrj-501	83	7	demonstrate	demonstrate	VERB
abrj-501	83	8	more	more	ADV
abrj-501	83	9	stable	stable	ADJ
abrj-501	83	10	leverage	leverage	NOUN
abrj-501	83	11	ratios	ratio	NOUN
abrj-501	83	12	over	over	ADP
abrj-501	83	13	time	time	NOUN
abrj-501	83	14	,	,	PUNCT
abrj-501	83	15	as	as	SCONJ
abrj-501	83	16	they	they	PRON
abrj-501	83	17	can	can	AUX
abrj-501	83	18	better	well	ADV
abrj-501	83	19	monitor	monitor	VERB
abrj-501	83	20	their	their	PRON
abrj-501	83	21	financial	financial	ADJ
abrj-501	83	22	condition	condition	NOUN
abrj-501	83	23	and	and	CCONJ
abrj-501	83	24	make	make	VERB
abrj-501	83	25	timely	timely	ADJ
abrj-501	83	26	adjustments	adjustment	NOUN
abrj-501	83	27	to	to	PART
abrj-501	83	28	maintain	maintain	VERB
abrj-501	83	29	optimal	optimal	ADJ
abrj-501	83	30	capital	capital	NOUN
abrj-501	83	31	structure	structure	NOUN
abrj-501	83	32	.	.	PUNCT
abrj-501	84	1	hypothesis	hypothesis	NOUN
abrj-501	84	2	4	4	NUM
abrj-501	84	3	(	(	PUNCT
abrj-501	84	4	h4	h4	NOUN
abrj-501	84	5	):	):	PUNCT
abrj-501	84	6	the	the	DET
abrj-501	84	7	positive	positive	ADJ
abrj-501	84	8	effects	effect	NOUN
abrj-501	84	9	of	of	ADP
abrj-501	84	10	business	business	NOUN
abrj-501	84	11	analytics	analytic	NOUN
abrj-501	84	12	on	on	ADP
abrj-501	84	13	leverage	leverage	NOUN
abrj-501	84	14	optimization	optimization	NOUN
abrj-501	84	15	are	be	AUX
abrj-501	84	16	more	more	ADV
abrj-501	84	17	pronounced	pronounced	ADJ
abrj-501	84	18	in	in	ADP
abrj-501	84	19	technology	technology	NOUN
abrj-501	84	20	-	-	PUNCT
abrj-501	84	21	intensive	intensive	ADJ
abrj-501	84	22	sectors	sector	NOUN
abrj-501	84	23	compared	compare	VERB
abrj-501	84	24	to	to	ADP
abrj-501	84	25	traditional	traditional	ADJ
abrj-501	84	26	manufacturing	manufacturing	NOUN
abrj-501	84	27	industries	industry	NOUN
abrj-501	84	28	.	.	PUNCT
abrj-501	85	1	this	this	DET
abrj-501	85	2	hypothesis	hypothesis	NOUN
abrj-501	85	3	recognizes	recognize	VERB
abrj-501	85	4	that	that	SCONJ
abrj-501	85	5	the	the	DET
abrj-501	85	6	benefits	benefit	NOUN
abrj-501	85	7	of	of	ADP
abrj-501	85	8	analytical	analytical	ADJ
abrj-501	85	9	capabilities	capability	NOUN
abrj-501	85	10	may	may	AUX
abrj-501	85	11	vary	vary	VERB
abrj-501	85	12	across	across	ADP
abrj-501	85	13	industry	industry	NOUN
abrj-501	85	14	contexts	contexts	NOUN
abrj-501	85	15	.	.	PUNCT
abrj-501	86	1	technology	technology	NOUN
abrj-501	86	2	-	-	PUNCT
abrj-501	86	3	intensive	intensive	ADJ
abrj-501	86	4	sectors	sector	NOUN
abrj-501	86	5	may	may	AUX
abrj-501	86	6	benefit	benefit	VERB
abrj-501	86	7	more	more	ADV
abrj-501	86	8	from	from	ADP
abrj-501	86	9	analytical	analytical	ADJ
abrj-501	86	10	tools	tool	NOUN
abrj-501	86	11	because	because	SCONJ
abrj-501	86	12	they	they	PRON
abrj-501	86	13	operate	operate	VERB
abrj-501	86	14	in	in	ADP
abrj-501	86	15	more	more	ADV
abrj-501	86	16	dynamic	dynamic	ADJ
abrj-501	86	17	and	and	CCONJ
abrj-501	86	18	information	information	NOUN
abrj-501	86	19	-	-	PUNCT
abrj-501	86	20	rich	rich	ADJ
abrj-501	86	21	environments	environment	NOUN
abrj-501	86	22	where	where	SCONJ
abrj-501	86	23	analytical	analytical	ADJ
abrj-501	86	24	capabilities	capability	NOUN
abrj-501	86	25	provide	provide	VERB
abrj-501	86	26	greater	great	ADJ
abrj-501	86	27	competitive	competitive	ADJ
abrj-501	86	28	advantages	advantage	NOUN
abrj-501	86	29	.	.	PUNCT
abrj-501	87	1	traditional	traditional	ADJ
abrj-501	87	2	manufacturing	manufacturing	NOUN
abrj-501	87	3	industries	industry	NOUN
abrj-501	87	4	may	may	AUX
abrj-501	87	5	have	have	VERB
abrj-501	87	6	more	more	ADV
abrj-501	87	7	stable	stable	ADJ
abrj-501	87	8	operating	operating	NOUN
abrj-501	87	9	environments	environment	NOUN
abrj-501	87	10	where	where	SCONJ
abrj-501	87	11	the	the	DET
abrj-501	87	12	benefits	benefit	NOUN
abrj-501	87	13	of	of	ADP
abrj-501	87	14	analytical	analytical	ADJ
abrj-501	87	15	capabilities	capability	NOUN
abrj-501	87	16	are	be	AUX
abrj-501	87	17	less	less	ADV
abrj-501	87	18	pronounced	pronounced	ADJ
abrj-501	87	19	.	.	PUNCT
abrj-501	88	1	3	3	X
abrj-501	88	2	.	.	X
abrj-501	88	3	research	research	NOUN
abrj-501	88	4	methodology	methodology	NOUN
abrj-501	88	5	3.1	3.1	NUM
abrj-501	88	6	.	.	PUNCT
abrj-501	88	7	model	model	NOUN
abrj-501	88	8	specification	specification	NOUN
abrj-501	88	9	this	this	DET
abrj-501	88	10	study	study	NOUN
abrj-501	88	11	employs	employ	VERB
abrj-501	88	12	a	a	DET
abrj-501	88	13	comprehensive	comprehensive	ADJ
abrj-501	88	14	panel	panel	NOUN
abrj-501	88	15	data	datum	NOUN
abrj-501	88	16	methodology	methodology	NOUN
abrj-501	88	17	to	to	PART
abrj-501	88	18	examine	examine	VERB
abrj-501	88	19	the	the	DET
abrj-501	88	20	relationship	relationship	NOUN
abrj-501	88	21	between	between	ADP
abrj-501	88	22	business	business	NOUN
abrj-501	88	23	analytics	analytic	NOUN
abrj-501	88	24	capabilities	capability	NOUN
abrj-501	88	25	and	and	CCONJ
abrj-501	88	26	financial	financial	ADJ
abrj-501	88	27	leverage	leverage	NOUN
abrj-501	88	28	optimization	optimization	NOUN
abrj-501	88	29	among	among	ADP
abrj-501	88	30	vietnamese	vietnamese	ADJ
abrj-501	88	31	corporations	corporation	NOUN
abrj-501	88	32	.	.	PUNCT
abrj-501	89	1	the	the	DET
abrj-501	89	2	baseline	baseline	PROPN
abrj-501	89	3	econometric	econometric	ADJ
abrj-501	89	4	model	model	NOUN
abrj-501	89	5	is	be	AUX
abrj-501	89	6	specified	specify	VERB
abrj-501	89	7	as	as	SCONJ
abrj-501	89	8	follows	follow	VERB
abrj-501	89	9	:	:	PUNCT
abrj-501	90	1	levit	levit	PROPN
abrj-501	90	2	=	=	SYM
abrj-501	90	3	β₀	β₀	PROPN
abrj-501	90	4	+	+	PUNCT
abrj-501	90	5	β₁bait	β₁bait	NOUN
abrj-501	90	6	+	+	CCONJ
abrj-501	90	7	β₂sizeit	β₂sizeit	VERB
abrj-501	90	8	+	+	CCONJ
abrj-501	90	9	β₃profit	β₃profit	PROPN
abrj-501	90	10	+	+	CCONJ
abrj-501	90	11	β₄tangit	β₄tangit	VERB
abrj-501	90	12	+	+	CCONJ
abrj-501	90	13	β₅growthit	β₅growthit	VERB
abrj-501	90	14	+	+	CCONJ
abrj-501	90	15	β₆ageit	β₆ageit	PROPN
abrj-501	90	16	+	+	CCONJ
abrj-501	90	17	β₇roait	β₇roait	NOUN
abrj-501	90	18	+	+	CCONJ
abrj-501	90	19	β₈ndtsit	β₈ndtsit	NOUN
abrj-501	90	20	+	+	CCONJ
abrj-501	90	21	αi	αi	VERB
abrj-501	90	22	+	+	CCONJ
abrj-501	90	23	λt	λt	ADP
abrj-501	90	24	+	+	CCONJ
abrj-501	90	25	εit	εit	VERB
abrj-501	90	26	where	where	SCONJ
abrj-501	90	27	:	:	PUNCT
abrj-501	90	28	•	•	NUM
abrj-501	90	29	levit	levit	NOUN
abrj-501	90	30	represents	represent	VERB
abrj-501	90	31	the	the	DET
abrj-501	90	32	financial	financial	ADJ
abrj-501	90	33	leverage	leverage	NOUN
abrj-501	90	34	ratio	ratio	NOUN
abrj-501	90	35	for	for	ADP
abrj-501	90	36	firm	firm	ADJ
abrj-501	90	37	i	i	PRON
abrj-501	90	38	at	at	ADP
abrj-501	90	39	time	time	NOUN
abrj-501	90	40	t	t	PROPN
abrj-501	90	41	•	•	NOUN
abrj-501	90	42	bait	bait	NOUN
abrj-501	90	43	denotes	denote	VERB
abrj-501	90	44	the	the	DET
abrj-501	90	45	business	business	NOUN
abrj-501	90	46	analytics	analytic	NOUN
abrj-501	90	47	capability	capability	NOUN
abrj-501	90	48	index	index	NOUN
abrj-501	90	49	for	for	ADP
abrj-501	90	50	firm	firm	ADJ
abrj-501	90	51	i	i	PRON
abrj-501	90	52	at	at	ADP
abrj-501	90	53	time	time	NOUN
abrj-501	90	54	t	t	PROPN
abrj-501	90	55	•	•	NOUN
abrj-501	90	56	sizeit	sizeit	NOUN
abrj-501	90	57	represents	represent	VERB
abrj-501	90	58	firm	firm	ADJ
abrj-501	90	59	size	size	NOUN
abrj-501	90	60	measured	measure	VERB
abrj-501	90	61	as	as	ADP
abrj-501	90	62	the	the	DET
abrj-501	90	63	natural	natural	ADJ
abrj-501	90	64	logarithm	logarithm	NOUN
abrj-501	90	65	of	of	ADP
abrj-501	90	66	total	total	ADJ
abrj-501	90	67	assets	asset	NOUN
abrj-501	90	68	•	•	NOUN
abrj-501	90	69	profit	profit	NOUN
abrj-501	90	70	indicates	indicate	VERB
abrj-501	90	71	profitability	profitability	NOUN
abrj-501	90	72	measured	measure	VERB
abrj-501	90	73	as	as	ADP
abrj-501	90	74	earnings	earning	NOUN
abrj-501	90	75	before	before	ADP
abrj-501	90	76	interest	interest	NOUN
abrj-501	90	77	and	and	CCONJ
abrj-501	90	78	taxes	taxis	NOUN
abrj-501	90	79	to	to	PART
abrj-501	90	80	total	total	ADJ
abrj-501	90	81	assets	asset	NOUN
abrj-501	90	82	asian	asian	ADJ
abrj-501	90	83	business	business	PROPN
abrj-501	90	84	research	research	NOUN
abrj-501	90	85	journal	journal	NOUN
abrj-501	90	86	,	,	PUNCT
abrj-501	90	87	2025	2025	NUM
abrj-501	90	88	,	,	PUNCT
abrj-501	90	89	10(7	10(7	NUM
abrj-501	90	90	):	):	PUNCT
abrj-501	90	91	67	67	NUM
abrj-501	90	92	-	-	SYM
abrj-501	90	93	75	75	NUM
abrj-501	90	94	70	70	NUM
abrj-501	90	95	©	©	PROPN
abrj-501	90	96	2025	2025	NUM
abrj-501	90	97	by	by	ADP
abrj-501	90	98	the	the	DET
abrj-501	90	99	author	author	NOUN
abrj-501	90	100	;	;	PUNCT
abrj-501	90	101	licensee	licensee	NOUN
abrj-501	90	102	eastern	eastern	ADJ
abrj-501	90	103	centre	centre	NOUN
abrj-501	90	104	of	of	ADP
abrj-501	90	105	science	science	NOUN
abrj-501	90	106	and	and	CCONJ
abrj-501	90	107	education	education	NOUN
abrj-501	90	108	,	,	PUNCT
abrj-501	90	109	usa	usa	PROPN
abrj-501	90	110	•	•	NUM
abrj-501	90	111	tangit	tangit	NOUN
abrj-501	90	112	represents	represent	VERB
abrj-501	90	113	asset	asset	NOUN
abrj-501	90	114	tangibility	tangibility	NOUN
abrj-501	90	115	measured	measure	VERB
abrj-501	90	116	as	as	ADP
abrj-501	90	117	fixed	fix	VERB
abrj-501	90	118	assets	asset	NOUN
abrj-501	90	119	to	to	PART
abrj-501	90	120	total	total	ADJ
abrj-501	90	121	assets	asset	NOUN
abrj-501	90	122	•	•	ADP
abrj-501	90	123	growthit	growthit	PROPN
abrj-501	90	124	denotes	denote	NOUN
abrj-501	90	125	growth	growth	NOUN
abrj-501	90	126	opportunities	opportunity	NOUN
abrj-501	90	127	measured	measure	VERB
abrj-501	90	128	as	as	ADP
abrj-501	90	129	the	the	DET
abrj-501	90	130	market	market	NOUN
abrj-501	90	131	-	-	PUNCT
abrj-501	90	132	to	to	ADP
abrj-501	90	133	-	-	PUNCT
abrj-501	90	134	book	book	NOUN
abrj-501	90	135	ratio	ratio	NOUN
abrj-501	90	136	•	•	ADP
abrj-501	90	137	ageit	ageit	PROPN
abrj-501	90	138	represents	represent	VERB
abrj-501	90	139	firm	firm	ADJ
abrj-501	90	140	age	age	NOUN
abrj-501	90	141	measured	measure	VERB
abrj-501	90	142	as	as	ADP
abrj-501	90	143	the	the	DET
abrj-501	90	144	natural	natural	ADJ
abrj-501	90	145	logarithm	logarithm	NOUN
abrj-501	90	146	of	of	ADP
abrj-501	90	147	years	year	NOUN
abrj-501	90	148	since	since	SCONJ
abrj-501	90	149	establishment	establishment	NOUN
abrj-501	90	150	•	•	NOUN
abrj-501	90	151	roait	roait	NOUN
abrj-501	90	152	indicates	indicate	VERB
abrj-501	90	153	return	return	NOUN
abrj-501	90	154	on	on	ADP
abrj-501	90	155	assets	asset	NOUN
abrj-501	90	156	measured	measure	VERB
abrj-501	90	157	as	as	ADP
abrj-501	90	158	net	net	ADJ
abrj-501	90	159	income	income	NOUN
abrj-501	90	160	to	to	ADP
abrj-501	90	161	total	total	ADJ
abrj-501	90	162	assets	asset	NOUN
abrj-501	90	163	•	•	ADV
abrj-501	90	164	ndtsit	ndtsit	NOUN
abrj-501	90	165	represents	represent	VERB
abrj-501	90	166	non	non	ADJ
abrj-501	90	167	-	-	ADJ
abrj-501	90	168	debt	debt	ADJ
abrj-501	90	169	tax	tax	NOUN
abrj-501	90	170	shields	shield	NOUN
abrj-501	90	171	measured	measure	VERB
abrj-501	90	172	as	as	ADP
abrj-501	90	173	depreciation	depreciation	NOUN
abrj-501	90	174	to	to	ADP
abrj-501	90	175	total	total	ADJ
abrj-501	90	176	assets	asset	NOUN
abrj-501	90	177	•	•	NOUN
abrj-501	90	178	αi	αi	PROPN
abrj-501	90	179	captures	capture	VERB
abrj-501	90	180	firm	firm	ADJ
abrj-501	90	181	-	-	PUNCT
abrj-501	90	182	specific	specific	ADJ
abrj-501	90	183	fixed	fix	VERB
abrj-501	90	184	effects	effect	NOUN
abrj-501	90	185	•	•	ADP
abrj-501	90	186	λt	λt	AUX
abrj-501	90	187	represents	represent	VERB
abrj-501	90	188	time	time	NOUN
abrj-501	90	189	-	-	PUNCT
abrj-501	90	190	specific	specific	ADJ
abrj-501	90	191	fixed	fix	VERB
abrj-501	90	192	effects	effect	NOUN
abrj-501	90	193	•	•	ADP
abrj-501	90	194	εit	εit	NOUN
abrj-501	90	195	denotes	denote	NOUN
abrj-501	90	196	the	the	DET
abrj-501	90	197	error	error	NOUN
abrj-501	90	198	term	term	NOUN
abrj-501	90	199	the	the	DET
abrj-501	90	200	dependent	dependent	ADJ
abrj-501	90	201	variable	variable	NOUN
abrj-501	90	202	,	,	PUNCT
abrj-501	90	203	financial	financial	ADJ
abrj-501	90	204	leverage	leverage	NOUN
abrj-501	90	205	(	(	PUNCT
abrj-501	90	206	levit	levit	PROPN
abrj-501	90	207	)	)	PUNCT
abrj-501	90	208	,	,	PUNCT
abrj-501	90	209	is	be	AUX
abrj-501	90	210	measured	measure	VERB
abrj-501	90	211	using	use	VERB
abrj-501	90	212	multiple	multiple	ADJ
abrj-501	90	213	specifications	specification	NOUN
abrj-501	90	214	to	to	PART
abrj-501	90	215	ensure	ensure	VERB
abrj-501	90	216	robustness	robustness	NOUN
abrj-501	90	217	of	of	ADP
abrj-501	90	218	results	result	NOUN
abrj-501	90	219	.	.	PUNCT
abrj-501	91	1	the	the	DET
abrj-501	91	2	primary	primary	ADJ
abrj-501	91	3	measure	measure	NOUN
abrj-501	91	4	employs	employ	VERB
abrj-501	91	5	the	the	DET
abrj-501	91	6	debt	debt	NOUN
abrj-501	91	7	-	-	PUNCT
abrj-501	91	8	to	to	ADP
abrj-501	91	9	-	-	PUNCT
abrj-501	91	10	equity	equity	NOUN
abrj-501	91	11	ratio	ratio	NOUN
abrj-501	91	12	,	,	PUNCT
abrj-501	91	13	calculated	calculate	VERB
abrj-501	91	14	as	as	ADP
abrj-501	91	15	total	total	ADJ
abrj-501	91	16	debt	debt	NOUN
abrj-501	91	17	divided	divide	VERB
abrj-501	91	18	by	by	ADP
abrj-501	91	19	total	total	ADJ
abrj-501	91	20	equity	equity	NOUN
abrj-501	91	21	.	.	PUNCT
abrj-501	92	1	alternative	alternative	ADJ
abrj-501	92	2	specifications	specification	NOUN
abrj-501	92	3	include	include	VERB
abrj-501	92	4	the	the	DET
abrj-501	92	5	debt	debt	NOUN
abrj-501	92	6	-	-	PUNCT
abrj-501	92	7	to	to	ADP
abrj-501	92	8	-	-	PUNCT
abrj-501	92	9	assets	asset	NOUN
abrj-501	92	10	ratio	ratio	NOUN
abrj-501	92	11	and	and	CCONJ
abrj-501	92	12	the	the	DET
abrj-501	92	13	long	long	ADJ
abrj-501	92	14	-	-	PUNCT
abrj-501	92	15	term	term	NOUN
abrj-501	92	16	debt	debt	NOUN
abrj-501	92	17	-	-	PUNCT
abrj-501	92	18	to	to	ADP
abrj-501	92	19	-	-	PUNCT
abrj-501	92	20	assets	asset	NOUN
abrj-501	92	21	ratio	ratio	NOUN
abrj-501	92	22	to	to	PART
abrj-501	92	23	capture	capture	VERB
abrj-501	92	24	different	different	ADJ
abrj-501	92	25	aspects	aspect	NOUN
abrj-501	92	26	of	of	ADP
abrj-501	92	27	leverage	leverage	NOUN
abrj-501	92	28	decisions	decision	NOUN
abrj-501	92	29	.	.	PUNCT
abrj-501	93	1	the	the	DET
abrj-501	93	2	key	key	ADJ
abrj-501	93	3	independent	independent	ADJ
abrj-501	93	4	variable	variable	NOUN
abrj-501	93	5	,	,	PUNCT
abrj-501	93	6	business	business	NOUN
abrj-501	93	7	analytics	analytic	NOUN
abrj-501	93	8	capability	capability	NOUN
abrj-501	93	9	(	(	PUNCT
abrj-501	93	10	bait	bait	NOUN
abrj-501	93	11	)	)	PUNCT
abrj-501	93	12	,	,	PUNCT
abrj-501	93	13	is	be	AUX
abrj-501	93	14	constructed	construct	VERB
abrj-501	93	15	as	as	ADP
abrj-501	93	16	a	a	DET
abrj-501	93	17	composite	composite	ADJ
abrj-501	93	18	index	index	NOUN
abrj-501	93	19	incorporating	incorporate	VERB
abrj-501	93	20	multiple	multiple	ADJ
abrj-501	93	21	dimensions	dimension	NOUN
abrj-501	93	22	of	of	ADP
abrj-501	93	23	analytical	analytical	ADJ
abrj-501	93	24	sophistication	sophistication	NOUN
abrj-501	93	25	.	.	PUNCT
abrj-501	94	1	this	this	DET
abrj-501	94	2	index	index	NOUN
abrj-501	94	3	combines	combine	VERB
abrj-501	94	4	information	information	NOUN
abrj-501	94	5	regarding	regard	VERB
abrj-501	94	6	firms	firm	NOUN
abrj-501	94	7	'	'	PART
abrj-501	94	8	investments	investment	NOUN
abrj-501	94	9	in	in	ADP
abrj-501	94	10	business	business	NOUN
abrj-501	94	11	intelligence	intelligence	NOUN
abrj-501	94	12	systems	system	NOUN
abrj-501	94	13	,	,	PUNCT
abrj-501	94	14	data	datum	NOUN
abrj-501	94	15	analytics	analytic	NOUN
abrj-501	94	16	personnel	personnel	NOUN
abrj-501	94	17	,	,	PUNCT
abrj-501	94	18	analytical	analytical	ADJ
abrj-501	94	19	software	software	NOUN
abrj-501	94	20	platforms	platform	NOUN
abrj-501	94	21	,	,	PUNCT
abrj-501	94	22	and	and	CCONJ
abrj-501	94	23	reported	report	VERB
abrj-501	94	24	utilization	utilization	NOUN
abrj-501	94	25	of	of	ADP
abrj-501	94	26	analytics	analytic	NOUN
abrj-501	94	27	for	for	ADP
abrj-501	94	28	financial	financial	ADJ
abrj-501	94	29	decision	decision	NOUN
abrj-501	94	30	-	-	PUNCT
abrj-501	94	31	making	making	NOUN
abrj-501	94	32	.	.	PUNCT
abrj-501	95	1	the	the	DET
abrj-501	95	2	index	index	NOUN
abrj-501	95	3	is	be	AUX
abrj-501	95	4	standardized	standardize	VERB
abrj-501	95	5	to	to	PART
abrj-501	95	6	range	range	VERB
abrj-501	95	7	from	from	ADP
abrj-501	95	8	0	0	NUM
abrj-501	95	9	to	to	ADP
abrj-501	95	10	1	1	NUM
abrj-501	95	11	,	,	PUNCT
abrj-501	95	12	with	with	ADP
abrj-501	95	13	higher	high	ADJ
abrj-501	95	14	values	value	NOUN
abrj-501	95	15	indicating	indicate	VERB
abrj-501	95	16	greater	great	ADJ
abrj-501	95	17	analytical	analytical	ADJ
abrj-501	95	18	capabilities	capability	NOUN
abrj-501	95	19	.	.	PUNCT
abrj-501	96	1	control	control	NOUN
abrj-501	96	2	variables	variable	NOUN
abrj-501	96	3	are	be	AUX
abrj-501	96	4	selected	select	VERB
abrj-501	96	5	based	base	VERB
abrj-501	96	6	on	on	ADP
abrj-501	96	7	established	establish	VERB
abrj-501	96	8	capital	capital	NOUN
abrj-501	96	9	structure	structure	NOUN
abrj-501	96	10	literature	literature	NOUN
abrj-501	96	11	and	and	CCONJ
abrj-501	96	12	include	include	VERB
abrj-501	96	13	firm	firm	ADJ
abrj-501	96	14	size	size	NOUN
abrj-501	96	15	,	,	PUNCT
abrj-501	96	16	profitability	profitability	NOUN
abrj-501	96	17	,	,	PUNCT
abrj-501	96	18	asset	asset	NOUN
abrj-501	96	19	tangibility	tangibility	NOUN
abrj-501	96	20	,	,	PUNCT
abrj-501	96	21	growth	growth	NOUN
abrj-501	96	22	opportunities	opportunity	NOUN
abrj-501	96	23	,	,	PUNCT
abrj-501	96	24	firm	firm	ADJ
abrj-501	96	25	age	age	NOUN
abrj-501	96	26	,	,	PUNCT
abrj-501	96	27	return	return	VERB
abrj-501	96	28	on	on	ADP
abrj-501	96	29	assets	asset	NOUN
abrj-501	96	30	,	,	PUNCT
abrj-501	96	31	and	and	CCONJ
abrj-501	96	32	non	non	ADJ
abrj-501	96	33	-	-	ADJ
abrj-501	96	34	debt	debt	ADJ
abrj-501	96	35	tax	tax	NOUN
abrj-501	96	36	shields	shield	NOUN
abrj-501	96	37	.	.	PUNCT
abrj-501	97	1	these	these	DET
abrj-501	97	2	variables	variable	NOUN
abrj-501	97	3	capture	capture	VERB
abrj-501	97	4	the	the	DET
abrj-501	97	5	primary	primary	ADJ
abrj-501	97	6	determinants	determinant	NOUN
abrj-501	97	7	of	of	ADP
abrj-501	97	8	leverage	leverage	NOUN
abrj-501	97	9	decisions	decision	NOUN
abrj-501	97	10	identified	identify	VERB
abrj-501	97	11	in	in	ADP
abrj-501	97	12	previous	previous	ADJ
abrj-501	97	13	research	research	NOUN
abrj-501	97	14	and	and	CCONJ
abrj-501	97	15	ensure	ensure	VERB
abrj-501	97	16	that	that	SCONJ
abrj-501	97	17	the	the	DET
abrj-501	97	18	estimated	estimate	VERB
abrj-501	97	19	relationship	relationship	NOUN
abrj-501	97	20	between	between	ADP
abrj-501	97	21	business	business	NOUN
abrj-501	97	22	analytics	analytic	NOUN
abrj-501	97	23	and	and	CCONJ
abrj-501	97	24	leverage	leverage	NOUN
abrj-501	97	25	reflects	reflect	VERB
abrj-501	97	26	the	the	DET
abrj-501	97	27	causal	causal	ADJ
abrj-501	97	28	impact	impact	NOUN
abrj-501	97	29	of	of	ADP
abrj-501	97	30	analytical	analytical	ADJ
abrj-501	97	31	capabilities	capability	NOUN
abrj-501	97	32	rather	rather	ADV
abrj-501	97	33	than	than	ADP
abrj-501	97	34	spurious	spurious	ADJ
abrj-501	97	35	correlations	correlation	NOUN
abrj-501	97	36	.	.	PUNCT
abrj-501	98	1	3.2	3.2	NUM
abrj-501	98	2	.	.	PUNCT
abrj-501	98	3	data	datum	NOUN
abrj-501	98	4	and	and	CCONJ
abrj-501	98	5	sample	sample	NOUN
abrj-501	98	6	this	this	DET
abrj-501	98	7	research	research	NOUN
abrj-501	98	8	utilizes	utilize	VERB
abrj-501	98	9	a	a	DET
abrj-501	98	10	comprehensive	comprehensive	ADJ
abrj-501	98	11	panel	panel	NOUN
abrj-501	98	12	dataset	dataset	VERB
abrj-501	98	13	encompassing	encompass	VERB
abrj-501	98	14	vietnamese	vietnamese	PROPN
abrj-501	98	15	publicly	publicly	ADV
abrj-501	98	16	listed	list	VERB
abrj-501	98	17	firms	firm	NOUN
abrj-501	98	18	observed	observe	VERB
abrj-501	98	19	over	over	ADP
abrj-501	98	20	the	the	DET
abrj-501	98	21	period	period	NOUN
abrj-501	98	22	2000	2000	NUM
abrj-501	98	23	-	-	SYM
abrj-501	98	24	2017	2017	NUM
abrj-501	98	25	.	.	PUNCT
abrj-501	99	1	the	the	DET
abrj-501	99	2	dataset	dataset	NOUN
abrj-501	99	3	combines	combine	VERB
abrj-501	99	4	financial	financial	ADJ
abrj-501	99	5	information	information	NOUN
abrj-501	99	6	from	from	ADP
abrj-501	99	7	multiple	multiple	ADJ
abrj-501	99	8	sources	source	NOUN
abrj-501	99	9	,	,	PUNCT
abrj-501	99	10	including	include	VERB
abrj-501	99	11	the	the	DET
abrj-501	99	12	ho	ho	PROPN
abrj-501	99	13	chi	chi	PROPN
abrj-501	99	14	minh	minh	PROPN
abrj-501	99	15	city	city	PROPN
abrj-501	99	16	stock	stock	PROPN
abrj-501	99	17	exchange	exchange	PROPN
abrj-501	99	18	(	(	PUNCT
abrj-501	99	19	hose	hose	PROPN
abrj-501	99	20	)	)	PUNCT
abrj-501	99	21	,	,	PUNCT
abrj-501	99	22	the	the	DET
abrj-501	99	23	hanoi	hanoi	PROPN
abrj-501	99	24	stock	stock	PROPN
abrj-501	99	25	exchange	exchange	PROPN
abrj-501	99	26	(	(	PUNCT
abrj-501	99	27	hnx	hnx	ADJ
abrj-501	99	28	)	)	PUNCT
abrj-501	99	29	,	,	PUNCT
abrj-501	99	30	and	and	CCONJ
abrj-501	99	31	the	the	DET
abrj-501	99	32	state	state	PROPN
abrj-501	99	33	securities	securities	PROPN
abrj-501	99	34	commission	commission	PROPN
abrj-501	99	35	of	of	ADP
abrj-501	99	36	vietnam	vietnam	PROPN
abrj-501	99	37	(	(	PUNCT
abrj-501	99	38	ssc	ssc	PROPN
abrj-501	99	39	)	)	PUNCT
abrj-501	99	40	.	.	PUNCT
abrj-501	100	1	additional	additional	ADJ
abrj-501	100	2	data	datum	NOUN
abrj-501	100	3	regarding	regard	VERB
abrj-501	100	4	business	business	NOUN
abrj-501	100	5	analytics	analytic	NOUN
abrj-501	100	6	capabilities	capability	NOUN
abrj-501	100	7	are	be	AUX
abrj-501	100	8	obtained	obtain	VERB
abrj-501	100	9	from	from	ADP
abrj-501	100	10	corporate	corporate	ADJ
abrj-501	100	11	annual	annual	ADJ
abrj-501	100	12	reports	report	NOUN
abrj-501	100	13	,	,	PUNCT
abrj-501	100	14	sustainability	sustainability	NOUN
abrj-501	100	15	reports	report	NOUN
abrj-501	100	16	,	,	PUNCT
abrj-501	100	17	and	and	CCONJ
abrj-501	100	18	specialized	specialized	ADJ
abrj-501	100	19	surveys	survey	NOUN
abrj-501	100	20	conducted	conduct	VERB
abrj-501	100	21	by	by	ADP
abrj-501	100	22	the	the	DET
abrj-501	100	23	vietnam	vietnam	PROPN
abrj-501	100	24	association	association	PROPN
abrj-501	100	25	of	of	ADP
abrj-501	100	26	financial	financial	ADJ
abrj-501	100	27	executives	executive	NOUN
abrj-501	100	28	.	.	PUNCT
abrj-501	101	1	the	the	DET
abrj-501	101	2	initial	initial	ADJ
abrj-501	101	3	sample	sample	NOUN
abrj-501	101	4	includes	include	VERB
abrj-501	101	5	all	all	DET
abrj-501	101	6	firms	firm	NOUN
abrj-501	101	7	listed	list	VERB
abrj-501	101	8	on	on	ADP
abrj-501	101	9	vietnamese	vietnamese	ADJ
abrj-501	101	10	stock	stock	NOUN
abrj-501	101	11	exchanges	exchange	NOUN
abrj-501	101	12	during	during	ADP
abrj-501	101	13	the	the	DET
abrj-501	101	14	study	study	NOUN
abrj-501	101	15	period	period	NOUN
abrj-501	101	16	,	,	PUNCT
abrj-501	101	17	resulting	result	VERB
abrj-501	101	18	in	in	ADP
abrj-501	101	19	1,247	1,247	NUM
abrj-501	101	20	firms	firm	NOUN
abrj-501	101	21	with	with	ADP
abrj-501	101	22	available	available	ADJ
abrj-501	101	23	financial	financial	ADJ
abrj-501	101	24	data	datum	NOUN
abrj-501	101	25	.	.	PUNCT
abrj-501	102	1	following	follow	VERB
abrj-501	102	2	standard	standard	ADJ
abrj-501	102	3	procedures	procedure	NOUN
abrj-501	102	4	in	in	ADP
abrj-501	102	5	finance	finance	NOUN
abrj-501	102	6	research	research	NOUN
abrj-501	102	7	,	,	PUNCT
abrj-501	102	8	the	the	DET
abrj-501	102	9	study	study	NOUN
abrj-501	102	10	excludes	exclude	VERB
abrj-501	102	11	financial	financial	ADJ
abrj-501	102	12	institutions	institution	NOUN
abrj-501	102	13	,	,	PUNCT
abrj-501	102	14	utilities	utility	NOUN
abrj-501	102	15	,	,	PUNCT
abrj-501	102	16	and	and	CCONJ
abrj-501	102	17	firms	firm	NOUN
abrj-501	102	18	with	with	ADP
abrj-501	102	19	incomplete	incomplete	ADJ
abrj-501	102	20	data	datum	NOUN
abrj-501	102	21	,	,	PUNCT
abrj-501	102	22	resulting	result	VERB
abrj-501	102	23	in	in	ADP
abrj-501	102	24	a	a	DET
abrj-501	102	25	final	final	ADJ
abrj-501	102	26	sample	sample	NOUN
abrj-501	102	27	of	of	ADP
abrj-501	102	28	847	847	NUM
abrj-501	102	29	firms	firm	NOUN
abrj-501	102	30	observed	observe	VERB
abrj-501	102	31	over	over	ADP
abrj-501	102	32	18	18	NUM
abrj-501	102	33	years	year	NOUN
abrj-501	102	34	,	,	PUNCT
abrj-501	102	35	yielding	yield	VERB
abrj-501	102	36	15,246	15,246	NUM
abrj-501	102	37	firm	firm	ADJ
abrj-501	102	38	-	-	PUNCT
abrj-501	102	39	year	year	NOUN
abrj-501	102	40	observations	observation	NOUN
abrj-501	102	41	.	.	PUNCT
abrj-501	103	1	the	the	DET
abrj-501	103	2	dependent	dependent	ADJ
abrj-501	103	3	variable	variable	NOUN
abrj-501	103	4	,	,	PUNCT
abrj-501	103	5	financial	financial	ADJ
abrj-501	103	6	leverage	leverage	NOUN
abrj-501	103	7	,	,	PUNCT
abrj-501	103	8	is	be	AUX
abrj-501	103	9	measured	measure	VERB
abrj-501	103	10	using	use	VERB
abrj-501	103	11	three	three	NUM
abrj-501	103	12	alternative	alternative	ADJ
abrj-501	103	13	specifications	specification	NOUN
abrj-501	103	14	:	:	PUNCT
abrj-501	103	15	(	(	PUNCT
abrj-501	103	16	1	1	X
abrj-501	103	17	)	)	PUNCT
abrj-501	103	18	total	total	ADJ
abrj-501	103	19	debt	debt	NOUN
abrj-501	103	20	-	-	PUNCT
abrj-501	103	21	toequity	toequity	NOUN
abrj-501	103	22	ratio	ratio	NOUN
abrj-501	103	23	,	,	PUNCT
abrj-501	103	24	(	(	PUNCT
abrj-501	103	25	2	2	X
abrj-501	103	26	)	)	PUNCT
abrj-501	103	27	total	total	ADJ
abrj-501	103	28	debt	debt	NOUN
abrj-501	103	29	-	-	PUNCT
abrj-501	103	30	to	to	ADP
abrj-501	103	31	-	-	PUNCT
abrj-501	103	32	assets	asset	NOUN
abrj-501	103	33	ratio	ratio	NOUN
abrj-501	103	34	,	,	PUNCT
abrj-501	103	35	and	and	CCONJ
abrj-501	103	36	(	(	PUNCT
abrj-501	103	37	3	3	X
abrj-501	103	38	)	)	PUNCT
abrj-501	103	39	long	long	ADJ
abrj-501	103	40	-	-	PUNCT
abrj-501	103	41	term	term	NOUN
abrj-501	103	42	debt	debt	NOUN
abrj-501	103	43	-	-	PUNCT
abrj-501	103	44	to	to	ADP
abrj-501	103	45	-	-	PUNCT
abrj-501	103	46	assets	asset	NOUN
abrj-501	103	47	ratio	ratio	NOUN
abrj-501	103	48	.	.	PUNCT
abrj-501	104	1	these	these	DET
abrj-501	104	2	measures	measure	NOUN
abrj-501	104	3	capture	capture	VERB
abrj-501	104	4	different	different	ADJ
abrj-501	104	5	aspects	aspect	NOUN
abrj-501	104	6	of	of	ADP
abrj-501	104	7	leverage	leverage	NOUN
abrj-501	104	8	decisions	decision	NOUN
abrj-501	104	9	and	and	CCONJ
abrj-501	104	10	provide	provide	VERB
abrj-501	104	11	comprehensive	comprehensive	ADJ
abrj-501	104	12	coverage	coverage	NOUN
abrj-501	104	13	of	of	ADP
abrj-501	104	14	firms	firm	NOUN
abrj-501	104	15	'	'	PART
abrj-501	104	16	capital	capital	NOUN
abrj-501	104	17	structure	structure	NOUN
abrj-501	104	18	choices	choice	NOUN
abrj-501	104	19	.	.	PUNCT
abrj-501	105	1	all	all	DET
abrj-501	105	2	leverage	leverage	NOUN
abrj-501	105	3	measures	measure	NOUN
abrj-501	105	4	are	be	AUX
abrj-501	105	5	winsorized	winsorize	VERB
abrj-501	105	6	at	at	ADP
abrj-501	105	7	the	the	DET
abrj-501	105	8	1st	1st	ADJ
abrj-501	105	9	and	and	CCONJ
abrj-501	105	10	99th	99th	ADJ
abrj-501	105	11	percentiles	percentile	NOUN
abrj-501	105	12	to	to	PART
abrj-501	105	13	mitigate	mitigate	VERB
abrj-501	105	14	the	the	DET
abrj-501	105	15	influence	influence	NOUN
abrj-501	105	16	of	of	ADP
abrj-501	105	17	outliers	outlier	NOUN
abrj-501	105	18	.	.	PUNCT
abrj-501	106	1	the	the	DET
abrj-501	106	2	business	business	NOUN
abrj-501	106	3	analytics	analytic	NOUN
abrj-501	106	4	capability	capability	NOUN
abrj-501	106	5	index	index	NOUN
abrj-501	106	6	is	be	AUX
abrj-501	106	7	constructed	construct	VERB
abrj-501	106	8	using	use	VERB
abrj-501	106	9	principal	principal	ADJ
abrj-501	106	10	component	component	NOUN
abrj-501	106	11	analysis	analysis	NOUN
abrj-501	106	12	of	of	ADP
abrj-501	106	13	multiple	multiple	ADJ
abrj-501	106	14	indicators	indicator	NOUN
abrj-501	106	15	,	,	PUNCT
abrj-501	106	16	including	include	VERB
abrj-501	106	17	:	:	PUNCT
abrj-501	106	18	(	(	PUNCT
abrj-501	106	19	1	1	X
abrj-501	106	20	)	)	PUNCT
abrj-501	106	21	reported	report	VERB
abrj-501	106	22	investments	investment	NOUN
abrj-501	106	23	in	in	ADP
abrj-501	106	24	business	business	NOUN
abrj-501	106	25	intelligence	intelligence	NOUN
abrj-501	106	26	systems	system	NOUN
abrj-501	106	27	as	as	ADP
abrj-501	106	28	a	a	DET
abrj-501	106	29	percentage	percentage	NOUN
abrj-501	106	30	of	of	ADP
abrj-501	106	31	total	total	ADJ
abrj-501	106	32	assets	asset	NOUN
abrj-501	106	33	,	,	PUNCT
abrj-501	106	34	(	(	PUNCT
abrj-501	106	35	2	2	X
abrj-501	106	36	)	)	PUNCT
abrj-501	106	37	number	number	NOUN
abrj-501	106	38	of	of	ADP
abrj-501	106	39	analytics	analytic	NOUN
abrj-501	106	40	personnel	personnel	NOUN
abrj-501	106	41	per	per	ADP
abrj-501	106	42	1,000	1,000	NUM
abrj-501	106	43	employees	employee	NOUN
abrj-501	106	44	,	,	PUNCT
abrj-501	106	45	(	(	PUNCT
abrj-501	106	46	3	3	X
abrj-501	106	47	)	)	PUNCT
abrj-501	106	48	utilization	utilization	NOUN
abrj-501	106	49	of	of	ADP
abrj-501	106	50	advanced	advanced	ADJ
abrj-501	106	51	statistical	statistical	ADJ
abrj-501	106	52	software	software	NOUN
abrj-501	106	53	platforms	platform	NOUN
abrj-501	106	54	,	,	PUNCT
abrj-501	106	55	(	(	PUNCT
abrj-501	106	56	4	4	X
abrj-501	106	57	)	)	PUNCT
abrj-501	106	58	implementation	implementation	NOUN
abrj-501	106	59	of	of	ADP
abrj-501	106	60	enterprise	enterprise	NOUN
abrj-501	106	61	resource	resource	NOUN
abrj-501	106	62	planning	planning	NOUN
abrj-501	106	63	systems	system	NOUN
abrj-501	106	64	with	with	ADP
abrj-501	106	65	analytics	analytic	NOUN
abrj-501	106	66	modules	module	NOUN
abrj-501	106	67	,	,	PUNCT
abrj-501	106	68	and	and	CCONJ
abrj-501	106	69	(	(	PUNCT
abrj-501	106	70	5	5	X
abrj-501	106	71	)	)	PUNCT
abrj-501	106	72	reported	report	VERB
abrj-501	106	73	use	use	NOUN
abrj-501	106	74	of	of	ADP
abrj-501	106	75	analytics	analytic	NOUN
abrj-501	106	76	for	for	ADP
abrj-501	106	77	financial	financial	ADJ
abrj-501	106	78	decision	decision	NOUN
abrj-501	106	79	-	-	PUNCT
abrj-501	106	80	making	making	NOUN
abrj-501	106	81	based	base	VERB
abrj-501	106	82	on	on	ADP
abrj-501	106	83	qualitative	qualitative	ADJ
abrj-501	106	84	disclosures	disclosure	NOUN
abrj-501	106	85	in	in	ADP
abrj-501	106	86	annual	annual	ADJ
abrj-501	106	87	reports	report	NOUN
abrj-501	106	88	.	.	PUNCT
abrj-501	107	1	control	control	NOUN
abrj-501	107	2	variables	variable	NOUN
abrj-501	107	3	include	include	VERB
abrj-501	107	4	firm	firm	ADJ
abrj-501	107	5	size	size	NOUN
abrj-501	107	6	measured	measure	VERB
abrj-501	107	7	as	as	ADP
abrj-501	107	8	the	the	DET
abrj-501	107	9	natural	natural	ADJ
abrj-501	107	10	logarithm	logarithm	NOUN
abrj-501	107	11	of	of	ADP
abrj-501	107	12	total	total	ADJ
abrj-501	107	13	assets	asset	NOUN
abrj-501	107	14	,	,	PUNCT
abrj-501	107	15	profitability	profitability	NOUN
abrj-501	107	16	measured	measure	VERB
abrj-501	107	17	as	as	ADP
abrj-501	107	18	earnings	earning	NOUN
abrj-501	107	19	before	before	ADP
abrj-501	107	20	interest	interest	NOUN
abrj-501	107	21	and	and	CCONJ
abrj-501	107	22	taxes	taxis	NOUN
abrj-501	107	23	to	to	ADP
abrj-501	107	24	total	total	ADJ
abrj-501	107	25	assets	asset	NOUN
abrj-501	107	26	,	,	PUNCT
abrj-501	107	27	asset	asset	NOUN
abrj-501	107	28	tangibility	tangibility	NOUN
abrj-501	107	29	measured	measure	VERB
abrj-501	107	30	as	as	ADP
abrj-501	107	31	fixed	fix	VERB
abrj-501	107	32	assets	asset	NOUN
abrj-501	107	33	to	to	ADP
abrj-501	107	34	total	total	ADJ
abrj-501	107	35	assets	asset	NOUN
abrj-501	107	36	,	,	PUNCT
abrj-501	107	37	growth	growth	NOUN
abrj-501	107	38	opportunities	opportunity	NOUN
abrj-501	107	39	measured	measure	VERB
abrj-501	107	40	as	as	ADP
abrj-501	107	41	the	the	DET
abrj-501	107	42	market	market	NOUN
abrj-501	107	43	-	-	PUNCT
abrj-501	107	44	to	to	ADP
abrj-501	107	45	-	-	PUNCT
abrj-501	107	46	book	book	NOUN
abrj-501	107	47	ratio	ratio	NOUN
abrj-501	107	48	,	,	PUNCT
abrj-501	107	49	firm	firm	ADJ
abrj-501	107	50	age	age	NOUN
abrj-501	107	51	measured	measure	VERB
abrj-501	107	52	as	as	ADP
abrj-501	107	53	the	the	DET
abrj-501	107	54	natural	natural	ADJ
abrj-501	107	55	logarithm	logarithm	NOUN
abrj-501	107	56	of	of	ADP
abrj-501	107	57	years	year	NOUN
abrj-501	107	58	since	since	SCONJ
abrj-501	107	59	establishment	establishment	NOUN
abrj-501	107	60	,	,	PUNCT
abrj-501	107	61	return	return	VERB
abrj-501	107	62	on	on	ADP
abrj-501	107	63	assets	asset	NOUN
abrj-501	107	64	measured	measure	VERB
abrj-501	107	65	as	as	ADP
abrj-501	107	66	net	net	ADJ
abrj-501	107	67	income	income	NOUN
abrj-501	107	68	to	to	ADP
abrj-501	107	69	total	total	ADJ
abrj-501	107	70	assets	asset	NOUN
abrj-501	107	71	,	,	PUNCT
abrj-501	107	72	and	and	CCONJ
abrj-501	107	73	non	non	ADJ
abrj-501	107	74	-	-	ADJ
abrj-501	107	75	debt	debt	ADJ
abrj-501	107	76	tax	tax	NOUN
abrj-501	107	77	shields	shield	NOUN
abrj-501	107	78	measured	measure	VERB
abrj-501	107	79	as	as	ADP
abrj-501	107	80	depreciation	depreciation	NOUN
abrj-501	107	81	to	to	ADP
abrj-501	107	82	total	total	ADJ
abrj-501	107	83	assets	asset	NOUN
abrj-501	107	84	.	.	PUNCT
abrj-501	108	1	industry	industry	NOUN
abrj-501	108	2	classification	classification	NOUN
abrj-501	108	3	follows	follow	VERB
abrj-501	108	4	the	the	DET
abrj-501	108	5	vietnam	vietnam	PROPN
abrj-501	108	6	standard	standard	ADJ
abrj-501	108	7	industrial	industrial	ADJ
abrj-501	108	8	classification	classification	NOUN
abrj-501	108	9	(	(	PUNCT
abrj-501	108	10	vsic	vsic	ADJ
abrj-501	108	11	)	)	PUNCT
abrj-501	108	12	system	system	NOUN
abrj-501	108	13	,	,	PUNCT
abrj-501	108	14	with	with	ADP
abrj-501	108	15	firms	firm	NOUN
abrj-501	108	16	categorized	categorize	VERB
abrj-501	108	17	into	into	ADP
abrj-501	108	18	eight	eight	NUM
abrj-501	108	19	primary	primary	ADJ
abrj-501	108	20	sectors	sector	NOUN
abrj-501	108	21	:	:	PUNCT
abrj-501	108	22	manufacturing	manufacturing	NOUN
abrj-501	108	23	,	,	PUNCT
abrj-501	108	24	construction	construction	NOUN
abrj-501	108	25	,	,	PUNCT
abrj-501	108	26	real	real	ADJ
abrj-501	108	27	estate	estate	NOUN
abrj-501	108	28	,	,	PUNCT
abrj-501	108	29	information	information	NOUN
abrj-501	108	30	technology	technology	NOUN
abrj-501	108	31	,	,	PUNCT
abrj-501	108	32	retail	retail	ADJ
abrj-501	108	33	trade	trade	NOUN
abrj-501	108	34	,	,	PUNCT
abrj-501	108	35	transportation	transportation	NOUN
abrj-501	108	36	,	,	PUNCT
abrj-501	108	37	agriculture	agriculture	NOUN
abrj-501	108	38	,	,	PUNCT
abrj-501	108	39	and	and	CCONJ
abrj-501	108	40	services	service	NOUN
abrj-501	108	41	.	.	PUNCT
abrj-501	109	1	this	this	DET
abrj-501	109	2	classification	classification	NOUN
abrj-501	109	3	enables	enable	VERB
abrj-501	109	4	the	the	DET
abrj-501	109	5	examination	examination	NOUN
abrj-501	109	6	of	of	ADP
abrj-501	109	7	industry	industry	NOUN
abrj-501	109	8	-	-	PUNCT
abrj-501	109	9	specific	specific	ADJ
abrj-501	109	10	effects	effect	NOUN
abrj-501	109	11	and	and	CCONJ
abrj-501	109	12	provides	provide	VERB
abrj-501	109	13	insights	insight	NOUN
abrj-501	109	14	into	into	ADP
abrj-501	109	15	sectoral	sectoral	ADJ
abrj-501	109	16	variations	variation	NOUN
abrj-501	109	17	in	in	ADP
abrj-501	109	18	the	the	DET
abrj-501	109	19	relationship	relationship	NOUN
abrj-501	109	20	between	between	ADP
abrj-501	109	21	business	business	NOUN
abrj-501	109	22	analytics	analytic	NOUN
abrj-501	109	23	and	and	CCONJ
abrj-501	109	24	leverage	leverage	NOUN
abrj-501	109	25	optimization	optimization	NOUN
abrj-501	109	26	.	.	PUNCT
abrj-501	110	1	3.3	3.3	NUM
abrj-501	110	2	.	.	PUNCT
abrj-501	110	3	estimation	estimation	NOUN
abrj-501	110	4	strategy	strategy	NOUN
abrj-501	110	5	and	and	CCONJ
abrj-501	110	6	diagnostic	diagnostic	ADJ
abrj-501	110	7	tests	test	NOUN
abrj-501	110	8	the	the	DET
abrj-501	110	9	empirical	empirical	ADJ
abrj-501	110	10	analysis	analysis	NOUN
abrj-501	110	11	employs	employ	VERB
abrj-501	110	12	a	a	DET
abrj-501	110	13	comprehensive	comprehensive	ADJ
abrj-501	110	14	estimation	estimation	NOUN
abrj-501	110	15	strategy	strategy	NOUN
abrj-501	110	16	designed	design	VERB
abrj-501	110	17	to	to	PART
abrj-501	110	18	address	address	VERB
abrj-501	110	19	potential	potential	ADJ
abrj-501	110	20	econometric	econometric	ADJ
abrj-501	110	21	challenges	challenge	NOUN
abrj-501	110	22	and	and	CCONJ
abrj-501	110	23	ensure	ensure	VERB
abrj-501	110	24	robust	robust	ADJ
abrj-501	110	25	results	result	NOUN
abrj-501	110	26	.	.	PUNCT
abrj-501	111	1	the	the	DET
abrj-501	111	2	methodology	methodology	NOUN
abrj-501	111	3	begins	begin	VERB
abrj-501	111	4	with	with	ADP
abrj-501	111	5	preliminary	preliminary	ADJ
abrj-501	111	6	diagnostic	diagnostic	ADJ
abrj-501	111	7	tests	test	NOUN
abrj-501	111	8	to	to	PART
abrj-501	111	9	assess	assess	VERB
abrj-501	111	10	the	the	DET
abrj-501	111	11	properties	property	NOUN
abrj-501	111	12	of	of	ADP
abrj-501	111	13	the	the	DET
abrj-501	111	14	panel	panel	NOUN
abrj-501	111	15	dataset	dataset	VERB
abrj-501	111	16	and	and	CCONJ
abrj-501	111	17	identify	identify	VERB
abrj-501	111	18	appropriate	appropriate	ADJ
abrj-501	111	19	estimation	estimation	NOUN
abrj-501	111	20	techniques	technique	NOUN
abrj-501	111	21	.	.	PUNCT
abrj-501	112	1	panel	panel	NOUN
abrj-501	112	2	unit	unit	NOUN
abrj-501	112	3	root	root	NOUN
abrj-501	112	4	tests	test	NOUN
abrj-501	112	5	are	be	AUX
abrj-501	112	6	conducted	conduct	VERB
abrj-501	112	7	using	use	VERB
abrj-501	112	8	the	the	DET
abrj-501	112	9	levin	levin	PROPN
abrj-501	112	10	-	-	PUNCT
abrj-501	112	11	lin	lin	PROPN
abrj-501	112	12	-	-	PUNCT
abrj-501	112	13	chu	chu	PROPN
abrj-501	112	14	(	(	PUNCT
abrj-501	112	15	llc	llc	PROPN
abrj-501	112	16	)	)	PUNCT
abrj-501	112	17	test	test	NOUN
abrj-501	112	18	and	and	CCONJ
abrj-501	112	19	the	the	DET
abrj-501	112	20	im	im	ADV
abrj-501	112	21	-	-	PUNCT
abrj-501	112	22	pesaran	pesaran	VERB
abrj-501	112	23	-	-	PUNCT
abrj-501	112	24	shin	shin	NOUN
abrj-501	112	25	(	(	PUNCT
abrj-501	112	26	ips	ips	PROPN
abrj-501	112	27	)	)	PUNCT
abrj-501	112	28	test	test	NOUN
abrj-501	112	29	to	to	PART
abrj-501	112	30	examine	examine	VERB
abrj-501	112	31	the	the	DET
abrj-501	112	32	stationarity	stationarity	NOUN
abrj-501	112	33	properties	property	NOUN
abrj-501	112	34	of	of	ADP
abrj-501	112	35	key	key	ADJ
abrj-501	112	36	variables	variable	NOUN
abrj-501	112	37	.	.	PUNCT
abrj-501	113	1	these	these	DET
abrj-501	113	2	tests	test	NOUN
abrj-501	113	3	are	be	AUX
abrj-501	113	4	essential	essential	ADJ
abrj-501	113	5	for	for	ADP
abrj-501	113	6	ensuring	ensure	VERB
abrj-501	113	7	that	that	SCONJ
abrj-501	113	8	the	the	DET
abrj-501	113	9	regression	regression	NOUN
abrj-501	113	10	results	result	NOUN
abrj-501	113	11	are	be	AUX
abrj-501	113	12	not	not	PART
abrj-501	113	13	spurious	spurious	ADJ
abrj-501	113	14	and	and	CCONJ
abrj-501	113	15	that	that	SCONJ
abrj-501	113	16	the	the	DET
abrj-501	113	17	estimated	estimate	VERB
abrj-501	113	18	relationships	relationship	NOUN
abrj-501	113	19	reflect	reflect	VERB
abrj-501	113	20	genuine	genuine	ADJ
abrj-501	113	21	associations	association	NOUN
abrj-501	113	22	rather	rather	ADV
abrj-501	113	23	than	than	ADP
abrj-501	113	24	trending	trend	VERB
abrj-501	113	25	behavior	behavior	NOUN
abrj-501	113	26	in	in	ADP
abrj-501	113	27	the	the	DET
abrj-501	113	28	data	datum	NOUN
abrj-501	113	29	.	.	PUNCT
abrj-501	114	1	the	the	DET
abrj-501	114	2	llc	llc	PROPN
abrj-501	114	3	test	test	NOUN
abrj-501	114	4	assumes	assume	VERB
abrj-501	114	5	common	common	ADJ
abrj-501	114	6	autoregressive	autoregressive	ADJ
abrj-501	114	7	parameters	parameter	NOUN
abrj-501	114	8	across	across	ADP
abrj-501	114	9	panels	panel	NOUN
abrj-501	114	10	,	,	PUNCT
abrj-501	114	11	while	while	SCONJ
abrj-501	114	12	the	the	DET
abrj-501	114	13	ips	ips	PROPN
abrj-501	114	14	test	test	NOUN
abrj-501	114	15	allows	allow	VERB
abrj-501	114	16	for	for	ADP
abrj-501	114	17	heterogeneous	heterogeneous	ADJ
abrj-501	114	18	parameters	parameter	NOUN
abrj-501	114	19	,	,	PUNCT
abrj-501	114	20	providing	provide	VERB
abrj-501	114	21	comprehensive	comprehensive	ADJ
abrj-501	114	22	coverage	coverage	NOUN
abrj-501	114	23	of	of	ADP
abrj-501	114	24	potential	potential	ADJ
abrj-501	114	25	unit	unit	NOUN
abrj-501	114	26	root	root	NOUN
abrj-501	114	27	behavior	behavior	NOUN
abrj-501	114	28	.	.	PUNCT
abrj-501	115	1	cross	cross	ADJ
abrj-501	115	2	-	-	ADJ
abrj-501	115	3	sectional	sectional	ADJ
abrj-501	115	4	dependence	dependence	NOUN
abrj-501	115	5	is	be	AUX
abrj-501	115	6	assessed	assess	VERB
abrj-501	115	7	using	use	VERB
abrj-501	115	8	pesaran	pesaran	NOUN
abrj-501	115	9	's	's	PART
abrj-501	115	10	cd	cd	PROPN
abrj-501	115	11	test	test	NOUN
abrj-501	115	12	,	,	PUNCT
abrj-501	115	13	which	which	PRON
abrj-501	115	14	examines	examine	VERB
abrj-501	115	15	whether	whether	SCONJ
abrj-501	115	16	the	the	DET
abrj-501	115	17	error	error	NOUN
abrj-501	115	18	terms	term	NOUN
abrj-501	115	19	are	be	AUX
abrj-501	115	20	correlated	correlate	VERB
abrj-501	115	21	across	across	ADP
abrj-501	115	22	firms	firm	NOUN
abrj-501	115	23	.	.	PUNCT
abrj-501	116	1	the	the	DET
abrj-501	116	2	presence	presence	NOUN
abrj-501	116	3	of	of	ADP
abrj-501	116	4	cross	cross	ADJ
abrj-501	116	5	-	-	ADJ
abrj-501	116	6	sectional	sectional	ADJ
abrj-501	116	7	dependence	dependence	NOUN
abrj-501	116	8	can	can	AUX
abrj-501	116	9	bias	bias	VERB
abrj-501	116	10	standard	standard	ADJ
abrj-501	116	11	errors	error	NOUN
abrj-501	116	12	and	and	CCONJ
abrj-501	116	13	lead	lead	VERB
abrj-501	116	14	to	to	ADP
abrj-501	116	15	incorrect	incorrect	ADJ
abrj-501	116	16	inference	inference	NOUN
abrj-501	116	17	,	,	PUNCT
abrj-501	116	18	making	make	VERB
abrj-501	116	19	this	this	DET
abrj-501	116	20	diagnostic	diagnostic	ADJ
abrj-501	116	21	test	test	NOUN
abrj-501	116	22	crucial	crucial	ADJ
abrj-501	116	23	for	for	ADP
abrj-501	116	24	ensuring	ensure	VERB
abrj-501	116	25	reliable	reliable	ADJ
abrj-501	116	26	results	result	NOUN
abrj-501	116	27	.	.	PUNCT
abrj-501	117	1	if	if	SCONJ
abrj-501	117	2	cross	cross	ADJ
abrj-501	117	3	-	-	ADJ
abrj-501	117	4	sectional	sectional	ADJ
abrj-501	117	5	dependence	dependence	NOUN
abrj-501	117	6	is	be	AUX
abrj-501	117	7	detected	detect	VERB
abrj-501	117	8	,	,	PUNCT
abrj-501	117	9	the	the	DET
abrj-501	117	10	analysis	analysis	NOUN
abrj-501	117	11	employs	employ	VERB
abrj-501	117	12	driscoll	driscoll	NOUN
abrj-501	117	13	-	-	PUNCT
abrj-501	117	14	kraay	kraay	ADJ
abrj-501	117	15	standard	standard	ADJ
abrj-501	117	16	errors	error	NOUN
abrj-501	117	17	to	to	PART
abrj-501	117	18	address	address	VERB
abrj-501	117	19	this	this	DET
abrj-501	117	20	issue	issue	NOUN
abrj-501	117	21	.	.	PUNCT
abrj-501	118	1	tests	test	NOUN
abrj-501	118	2	for	for	ADP
abrj-501	118	3	heteroskedasticity	heteroskedasticity	NOUN
abrj-501	118	4	are	be	AUX
abrj-501	118	5	conducted	conduct	VERB
abrj-501	118	6	using	use	VERB
abrj-501	118	7	the	the	DET
abrj-501	118	8	modified	modify	VERB
abrj-501	118	9	wald	wald	NOUN
abrj-501	118	10	test	test	NOUN
abrj-501	118	11	,	,	PUNCT
abrj-501	118	12	which	which	PRON
abrj-501	118	13	is	be	AUX
abrj-501	118	14	specifically	specifically	ADV
abrj-501	118	15	designed	design	VERB
abrj-501	118	16	for	for	ADP
abrj-501	118	17	panel	panel	NOUN
abrj-501	118	18	data	datum	NOUN
abrj-501	118	19	applications	application	NOUN
abrj-501	118	20	.	.	PUNCT
abrj-501	119	1	the	the	DET
abrj-501	119	2	presence	presence	NOUN
abrj-501	119	3	of	of	ADP
abrj-501	119	4	heteroskedasticity	heteroskedasticity	NOUN
abrj-501	119	5	can	can	AUX
abrj-501	119	6	lead	lead	VERB
abrj-501	119	7	to	to	ADP
abrj-501	119	8	inefficient	inefficient	ADJ
abrj-501	119	9	estimates	estimate	NOUN
abrj-501	119	10	and	and	CCONJ
abrj-501	119	11	biased	biased	ADJ
abrj-501	119	12	standard	standard	ADJ
abrj-501	119	13	errors	error	NOUN
abrj-501	119	14	,	,	PUNCT
abrj-501	119	15	necessitating	necessitate	VERB
abrj-501	119	16	appropriate	appropriate	ADJ
abrj-501	119	17	corrections	correction	NOUN
abrj-501	119	18	.	.	PUNCT
abrj-501	120	1	similarly	similarly	ADV
abrj-501	120	2	,	,	PUNCT
abrj-501	120	3	autocorrelation	autocorrelation	NOUN
abrj-501	120	4	is	be	AUX
abrj-501	120	5	assessed	assess	VERB
abrj-501	120	6	using	use	VERB
abrj-501	120	7	the	the	DET
abrj-501	120	8	wooldridge	wooldridge	PROPN
abrj-501	120	9	test	test	NOUN
abrj-501	120	10	for	for	ADP
abrj-501	120	11	asian	asian	ADJ
abrj-501	120	12	business	business	PROPN
abrj-501	120	13	research	research	NOUN
abrj-501	120	14	journal	journal	NOUN
abrj-501	120	15	,	,	PUNCT
abrj-501	120	16	2025	2025	NUM
abrj-501	120	17	,	,	PUNCT
abrj-501	120	18	10(7	10(7	NUM
abrj-501	120	19	):	):	PUNCT
abrj-501	120	20	67	67	NUM
abrj-501	120	21	-	-	SYM
abrj-501	120	22	75	75	NUM
abrj-501	120	23	71	71	NUM
abrj-501	120	24	©	©	PROPN
abrj-501	120	25	2025	2025	NUM
abrj-501	120	26	by	by	ADP
abrj-501	120	27	the	the	DET
abrj-501	120	28	author	author	NOUN
abrj-501	120	29	;	;	PUNCT
abrj-501	120	30	licensee	licensee	NOUN
abrj-501	120	31	eastern	eastern	ADJ
abrj-501	120	32	centre	centre	NOUN
abrj-501	120	33	of	of	ADP
abrj-501	120	34	science	science	NOUN
abrj-501	120	35	and	and	CCONJ
abrj-501	120	36	education	education	NOUN
abrj-501	120	37	,	,	PUNCT
abrj-501	120	38	usa	usa	PROPN
abrj-501	120	39	serial	serial	ADJ
abrj-501	120	40	correlation	correlation	NOUN
abrj-501	120	41	in	in	ADP
abrj-501	120	42	panel	panel	NOUN
abrj-501	120	43	data	datum	NOUN
abrj-501	120	44	,	,	PUNCT
abrj-501	120	45	which	which	PRON
abrj-501	120	46	provides	provide	VERB
abrj-501	120	47	robust	robust	ADJ
abrj-501	120	48	inference	inference	NOUN
abrj-501	120	49	regarding	regard	VERB
abrj-501	120	50	the	the	DET
abrj-501	120	51	presence	presence	NOUN
abrj-501	120	52	of	of	ADP
abrj-501	120	53	temporal	temporal	ADJ
abrj-501	120	54	dependence	dependence	NOUN
abrj-501	120	55	in	in	ADP
abrj-501	120	56	the	the	DET
abrj-501	120	57	error	error	NOUN
abrj-501	120	58	terms	term	NOUN
abrj-501	120	59	.	.	PUNCT
abrj-501	121	1	the	the	DET
abrj-501	121	2	main	main	ADJ
abrj-501	121	3	estimation	estimation	NOUN
abrj-501	121	4	strategy	strategy	NOUN
abrj-501	121	5	begins	begin	VERB
abrj-501	121	6	with	with	ADP
abrj-501	121	7	pooled	pooled	ADJ
abrj-501	121	8	ordinary	ordinary	ADJ
abrj-501	121	9	least	least	ADJ
abrj-501	121	10	squares	square	NOUN
abrj-501	121	11	(	(	PUNCT
abrj-501	121	12	ols	ol	NOUN
abrj-501	121	13	)	)	PUNCT
abrj-501	121	14	regression	regression	NOUN
abrj-501	121	15	to	to	PART
abrj-501	121	16	establish	establish	VERB
abrj-501	121	17	baseline	baseline	ADJ
abrj-501	121	18	relationships	relationship	NOUN
abrj-501	121	19	.	.	PUNCT
abrj-501	122	1	however	however	ADV
abrj-501	122	2	,	,	PUNCT
abrj-501	122	3	pooled	pool	VERB
abrj-501	122	4	ols	ol	NOUN
abrj-501	122	5	may	may	AUX
abrj-501	122	6	not	not	PART
abrj-501	122	7	adequately	adequately	ADV
abrj-501	122	8	address	address	VERB
abrj-501	122	9	unobserved	unobserved	ADJ
abrj-501	122	10	heterogeneity	heterogeneity	NOUN
abrj-501	122	11	across	across	ADP
abrj-501	122	12	firms	firm	NOUN
abrj-501	122	13	,	,	PUNCT
abrj-501	122	14	leading	lead	VERB
abrj-501	122	15	to	to	ADP
abrj-501	122	16	biased	biased	ADJ
abrj-501	122	17	estimates	estimate	NOUN
abrj-501	122	18	.	.	PUNCT
abrj-501	123	1	therefore	therefore	ADV
abrj-501	123	2	,	,	PUNCT
abrj-501	123	3	the	the	DET
abrj-501	123	4	analysis	analysis	NOUN
abrj-501	123	5	proceeds	proceed	VERB
abrj-501	123	6	to	to	ADP
abrj-501	123	7	fixed	fix	VERB
abrj-501	123	8	effects	effect	NOUN
abrj-501	123	9	(	(	PUNCT
abrj-501	123	10	fe	fe	NOUN
abrj-501	123	11	)	)	PUNCT
abrj-501	123	12	and	and	CCONJ
abrj-501	123	13	random	random	ADJ
abrj-501	123	14	effects	effect	NOUN
abrj-501	123	15	(	(	PUNCT
abrj-501	123	16	re	re	NOUN
abrj-501	123	17	)	)	PUNCT
abrj-501	123	18	estimation	estimation	NOUN
abrj-501	123	19	to	to	PART
abrj-501	123	20	control	control	VERB
abrj-501	123	21	for	for	ADP
abrj-501	123	22	firm	firm	ADJ
abrj-501	123	23	-	-	PUNCT
abrj-501	123	24	specific	specific	ADJ
abrj-501	123	25	characteristics	characteristic	NOUN
abrj-501	123	26	.	.	PUNCT
abrj-501	124	1	the	the	DET
abrj-501	124	2	choice	choice	NOUN
abrj-501	124	3	between	between	ADP
abrj-501	124	4	fixed	fix	VERB
abrj-501	124	5	effects	effect	NOUN
abrj-501	124	6	and	and	CCONJ
abrj-501	124	7	random	random	ADJ
abrj-501	124	8	effects	effect	NOUN
abrj-501	124	9	is	be	AUX
abrj-501	124	10	determined	determine	VERB
abrj-501	124	11	using	use	VERB
abrj-501	124	12	the	the	DET
abrj-501	124	13	hausman	hausman	ADJ
abrj-501	124	14	test	test	NOUN
abrj-501	124	15	,	,	PUNCT
abrj-501	124	16	which	which	PRON
abrj-501	124	17	examines	examine	VERB
abrj-501	124	18	whether	whether	SCONJ
abrj-501	124	19	the	the	DET
abrj-501	124	20	unobserved	unobserved	ADJ
abrj-501	124	21	heterogeneity	heterogeneity	NOUN
abrj-501	124	22	is	be	AUX
abrj-501	124	23	correlated	correlate	VERB
abrj-501	124	24	with	with	ADP
abrj-501	124	25	the	the	DET
abrj-501	124	26	explanatory	explanatory	ADJ
abrj-501	124	27	variables	variable	NOUN
abrj-501	124	28	.	.	PUNCT
abrj-501	125	1	if	if	SCONJ
abrj-501	125	2	the	the	DET
abrj-501	125	3	hausman	hausman	PROPN
abrj-501	125	4	test	test	NOUN
abrj-501	125	5	rejects	reject	VERB
abrj-501	125	6	the	the	DET
abrj-501	125	7	null	null	ADJ
abrj-501	125	8	hypothesis	hypothesis	NOUN
abrj-501	125	9	of	of	ADP
abrj-501	125	10	no	no	DET
abrj-501	125	11	correlation	correlation	NOUN
abrj-501	125	12	,	,	PUNCT
abrj-501	125	13	fixed	fix	VERB
abrj-501	125	14	effects	effect	NOUN
abrj-501	125	15	estimation	estimation	NOUN
abrj-501	125	16	is	be	AUX
abrj-501	125	17	preferred	prefer	VERB
abrj-501	125	18	;	;	PUNCT
abrj-501	125	19	otherwise	otherwise	ADV
abrj-501	125	20	,	,	PUNCT
abrj-501	125	21	random	random	ADJ
abrj-501	125	22	effects	effect	NOUN
abrj-501	125	23	estimation	estimation	NOUN
abrj-501	125	24	is	be	AUX
abrj-501	125	25	more	more	ADV
abrj-501	125	26	efficient	efficient	ADJ
abrj-501	125	27	.	.	PUNCT
abrj-501	126	1	to	to	PART
abrj-501	126	2	address	address	VERB
abrj-501	126	3	potential	potential	ADJ
abrj-501	126	4	endogeneity	endogeneity	NOUN
abrj-501	126	5	concerns	concern	NOUN
abrj-501	126	6	,	,	PUNCT
abrj-501	126	7	the	the	DET
abrj-501	126	8	analysis	analysis	NOUN
abrj-501	126	9	employs	employ	VERB
abrj-501	126	10	the	the	DET
abrj-501	126	11	system	system	NOUN
abrj-501	126	12	generalized	generalize	VERB
abrj-501	126	13	method	method	NOUN
abrj-501	126	14	of	of	ADP
abrj-501	126	15	moments	moment	NOUN
abrj-501	126	16	(	(	PUNCT
abrj-501	126	17	gmm	gmm	NOUN
abrj-501	126	18	)	)	PUNCT
abrj-501	126	19	estimator	estimator	NOUN
abrj-501	126	20	developed	develop	VERB
abrj-501	126	21	by	by	ADP
abrj-501	126	22	arellano	arellano	PROPN
abrj-501	126	23	and	and	CCONJ
abrj-501	126	24	bond	bond	NOUN
abrj-501	126	25	(	(	PUNCT
abrj-501	126	26	1991	1991	NUM
abrj-501	126	27	)	)	PUNCT
abrj-501	126	28	and	and	CCONJ
abrj-501	126	29	blundell	blundell	NOUN
abrj-501	126	30	and	and	CCONJ
abrj-501	126	31	bond	bond	NOUN
abrj-501	126	32	(	(	PUNCT
abrj-501	126	33	1998	1998	NUM
abrj-501	126	34	)	)	PUNCT
abrj-501	126	35	.	.	PUNCT
abrj-501	127	1	this	this	DET
abrj-501	127	2	estimator	estimator	NOUN
abrj-501	127	3	addresses	address	VERB
abrj-501	127	4	endogeneity	endogeneity	NOUN
abrj-501	127	5	through	through	ADP
abrj-501	127	6	the	the	DET
abrj-501	127	7	use	use	NOUN
abrj-501	127	8	of	of	ADP
abrj-501	127	9	lagged	lag	VERB
abrj-501	127	10	values	value	NOUN
abrj-501	127	11	of	of	ADP
abrj-501	127	12	the	the	DET
abrj-501	127	13	explanatory	explanatory	ADJ
abrj-501	127	14	variables	variable	NOUN
abrj-501	127	15	as	as	ADP
abrj-501	127	16	instruments	instrument	NOUN
abrj-501	127	17	,	,	PUNCT
abrj-501	127	18	providing	provide	VERB
abrj-501	127	19	consistent	consistent	ADJ
abrj-501	127	20	estimates	estimate	NOUN
abrj-501	127	21	in	in	ADP
abrj-501	127	22	the	the	DET
abrj-501	127	23	presence	presence	NOUN
abrj-501	127	24	of	of	ADP
abrj-501	127	25	endogenous	endogenous	ADJ
abrj-501	127	26	regressors	regressor	NOUN
abrj-501	127	27	.	.	PUNCT
abrj-501	128	1	the	the	DET
abrj-501	128	2	validity	validity	NOUN
abrj-501	128	3	of	of	ADP
abrj-501	128	4	the	the	DET
abrj-501	128	5	gmm	gmm	PROPN
abrj-501	128	6	estimation	estimation	NOUN
abrj-501	128	7	is	be	AUX
abrj-501	128	8	assessed	assess	VERB
abrj-501	128	9	using	use	VERB
abrj-501	128	10	several	several	ADJ
abrj-501	128	11	diagnostic	diagnostic	ADJ
abrj-501	128	12	tests	test	NOUN
abrj-501	128	13	.	.	PUNCT
abrj-501	129	1	the	the	DET
abrj-501	129	2	arellano	arellano	PROPN
abrj-501	129	3	-	-	PUNCT
abrj-501	129	4	bond	bond	NOUN
abrj-501	129	5	test	test	NOUN
abrj-501	129	6	for	for	ADP
abrj-501	129	7	second	second	ADJ
abrj-501	129	8	-	-	PUNCT
abrj-501	129	9	order	order	NOUN
abrj-501	129	10	serial	serial	ADJ
abrj-501	129	11	correlation	correlation	NOUN
abrj-501	129	12	examines	examine	VERB
abrj-501	129	13	whether	whether	SCONJ
abrj-501	129	14	the	the	DET
abrj-501	129	15	instruments	instrument	NOUN
abrj-501	129	16	are	be	AUX
abrj-501	129	17	valid	valid	ADJ
abrj-501	129	18	,	,	PUNCT
abrj-501	129	19	while	while	SCONJ
abrj-501	129	20	the	the	DET
abrj-501	129	21	hansen	hansen	PROPN
abrj-501	129	22	j	j	PROPN
abrj-501	129	23	-	-	NOUN
abrj-501	129	24	test	test	NOUN
abrj-501	129	25	of	of	ADP
abrj-501	129	26	overidentifying	overidentifying	NOUN
abrj-501	129	27	restrictions	restriction	NOUN
abrj-501	129	28	assesses	assess	VERB
abrj-501	129	29	the	the	DET
abrj-501	129	30	overall	overall	ADJ
abrj-501	129	31	validity	validity	NOUN
abrj-501	129	32	of	of	ADP
abrj-501	129	33	the	the	DET
abrj-501	129	34	instrument	instrument	NOUN
abrj-501	129	35	set	set	NOUN
abrj-501	129	36	.	.	PUNCT
abrj-501	130	1	additionally	additionally	ADV
abrj-501	130	2	,	,	PUNCT
abrj-501	130	3	the	the	DET
abrj-501	130	4	difference	difference	NOUN
abrj-501	130	5	-	-	PUNCT
abrj-501	130	6	inhansen	inhansen	NOUN
abrj-501	130	7	test	test	NOUN
abrj-501	130	8	is	be	AUX
abrj-501	130	9	used	use	VERB
abrj-501	130	10	to	to	PART
abrj-501	130	11	examine	examine	VERB
abrj-501	130	12	the	the	DET
abrj-501	130	13	validity	validity	NOUN
abrj-501	130	14	of	of	ADP
abrj-501	130	15	specific	specific	ADJ
abrj-501	130	16	subsets	subset	NOUN
abrj-501	130	17	of	of	ADP
abrj-501	130	18	instruments	instrument	NOUN
abrj-501	130	19	.	.	PUNCT
abrj-501	131	1	robustness	robustness	NOUN
abrj-501	131	2	checks	check	NOUN
abrj-501	131	3	are	be	AUX
abrj-501	131	4	conducted	conduct	VERB
abrj-501	131	5	using	use	VERB
abrj-501	131	6	alternative	alternative	ADJ
abrj-501	131	7	variable	variable	ADJ
abrj-501	131	8	specifications	specification	NOUN
abrj-501	131	9	,	,	PUNCT
abrj-501	131	10	different	different	ADJ
abrj-501	131	11	sample	sample	NOUN
abrj-501	131	12	periods	period	NOUN
abrj-501	131	13	,	,	PUNCT
abrj-501	131	14	and	and	CCONJ
abrj-501	131	15	industry	industry	NOUN
abrj-501	131	16	-	-	PUNCT
abrj-501	131	17	specific	specific	ADJ
abrj-501	131	18	analyses	analysis	NOUN
abrj-501	131	19	.	.	PUNCT
abrj-501	132	1	these	these	DET
abrj-501	132	2	checks	check	NOUN
abrj-501	132	3	ensure	ensure	VERB
abrj-501	132	4	that	that	SCONJ
abrj-501	132	5	the	the	DET
abrj-501	132	6	main	main	ADJ
abrj-501	132	7	results	result	NOUN
abrj-501	132	8	are	be	AUX
abrj-501	132	9	not	not	PART
abrj-501	132	10	sensitive	sensitive	ADJ
abrj-501	132	11	to	to	ADP
abrj-501	132	12	specific	specific	ADJ
abrj-501	132	13	methodological	methodological	ADJ
abrj-501	132	14	choices	choice	NOUN
abrj-501	132	15	and	and	CCONJ
abrj-501	132	16	provide	provide	VERB
abrj-501	132	17	confidence	confidence	NOUN
abrj-501	132	18	in	in	ADP
abrj-501	132	19	the	the	DET
abrj-501	132	20	generalizability	generalizability	NOUN
abrj-501	132	21	of	of	ADP
abrj-501	132	22	the	the	DET
abrj-501	132	23	findings	finding	NOUN
abrj-501	132	24	.	.	PUNCT
abrj-501	133	1	4	4	X
abrj-501	133	2	.	.	NOUN
abrj-501	133	3	results	result	NOUN
abrj-501	133	4	and	and	CCONJ
abrj-501	133	5	analysis	analysis	NOUN
abrj-501	133	6	4.1	4.1	NUM
abrj-501	133	7	.	.	PUNCT
abrj-501	134	1	descriptive	descriptive	ADJ
abrj-501	134	2	statistics	statistic	NOUN
abrj-501	134	3	and	and	CCONJ
abrj-501	134	4	correlation	correlation	NOUN
abrj-501	134	5	matrix	matrix	NOUN
abrj-501	134	6	table	table	NOUN
abrj-501	134	7	1	1	NUM
abrj-501	134	8	presents	present	VERB
abrj-501	134	9	the	the	DET
abrj-501	134	10	descriptive	descriptive	ADJ
abrj-501	134	11	statistics	statistic	NOUN
abrj-501	134	12	for	for	ADP
abrj-501	134	13	all	all	DET
abrj-501	134	14	variables	variable	NOUN
abrj-501	134	15	utilized	utilize	VERB
abrj-501	134	16	in	in	ADP
abrj-501	134	17	the	the	DET
abrj-501	134	18	empirical	empirical	ADJ
abrj-501	134	19	analysis	analysis	NOUN
abrj-501	134	20	.	.	PUNCT
abrj-501	135	1	the	the	DET
abrj-501	135	2	sample	sample	NOUN
abrj-501	135	3	exhibits	exhibit	VERB
abrj-501	135	4	substantial	substantial	ADJ
abrj-501	135	5	variation	variation	NOUN
abrj-501	135	6	in	in	ADP
abrj-501	135	7	financial	financial	ADJ
abrj-501	135	8	leverage	leverage	NOUN
abrj-501	135	9	ratios	ratio	NOUN
abrj-501	135	10	,	,	PUNCT
abrj-501	135	11	with	with	ADP
abrj-501	135	12	debt	debt	NOUN
abrj-501	135	13	-	-	PUNCT
abrj-501	135	14	to	to	ADP
abrj-501	135	15	-	-	PUNCT
abrj-501	135	16	equity	equity	NOUN
abrj-501	135	17	ratios	ratio	NOUN
abrj-501	135	18	ranging	range	VERB
abrj-501	135	19	from	from	ADP
abrj-501	135	20	0.042	0.042	NUM
abrj-501	135	21	to	to	ADP
abrj-501	135	22	4.187	4.187	NUM
abrj-501	135	23	,	,	PUNCT
abrj-501	135	24	indicating	indicate	VERB
abrj-501	135	25	considerable	considerable	ADJ
abrj-501	135	26	heterogeneity	heterogeneity	NOUN
abrj-501	135	27	in	in	ADP
abrj-501	135	28	capital	capital	NOUN
abrj-501	135	29	structure	structure	NOUN
abrj-501	135	30	choices	choice	NOUN
abrj-501	135	31	among	among	ADP
abrj-501	135	32	vietnamese	vietnamese	ADJ
abrj-501	135	33	firms	firm	NOUN
abrj-501	135	34	.	.	PUNCT
abrj-501	136	1	the	the	DET
abrj-501	136	2	mean	mean	ADJ
abrj-501	136	3	debt	debt	NOUN
abrj-501	136	4	-	-	PUNCT
abrj-501	136	5	toequity	toequity	NOUN
abrj-501	136	6	ratio	ratio	NOUN
abrj-501	136	7	of	of	ADP
abrj-501	136	8	1.247	1.247	NUM
abrj-501	136	9	suggests	suggest	VERB
abrj-501	136	10	that	that	SCONJ
abrj-501	136	11	the	the	DET
abrj-501	136	12	average	average	ADJ
abrj-501	136	13	firm	firm	NOUN
abrj-501	136	14	maintains	maintain	VERB
abrj-501	136	15	moderate	moderate	ADJ
abrj-501	136	16	leverage	leverage	NOUN
abrj-501	136	17	levels	level	NOUN
abrj-501	136	18	,	,	PUNCT
abrj-501	136	19	consistent	consistent	ADJ
abrj-501	136	20	with	with	ADP
abrj-501	136	21	emerging	emerge	VERB
abrj-501	136	22	market	market	NOUN
abrj-501	136	23	patterns	pattern	NOUN
abrj-501	136	24	documented	document	VERB
abrj-501	136	25	in	in	ADP
abrj-501	136	26	previous	previous	ADJ
abrj-501	136	27	research	research	NOUN
abrj-501	136	28	.	.	PUNCT
abrj-501	137	1	table	table	NOUN
abrj-501	137	2	1	1	NUM
abrj-501	137	3	.	.	PUNCT
abrj-501	137	4	descriptive	descriptive	ADJ
abrj-501	137	5	statistics	statistic	NOUN
abrj-501	137	6	.	.	PUNCT
abrj-501	138	1	variable	variable	ADJ
abrj-501	138	2	mean	mean	VERB
abrj-501	138	3	median	median	PROPN
abrj-501	138	4	std	std	PROPN
abrj-501	138	5	.	.	PUNCT
abrj-501	138	6	dev	dev	PROPN
abrj-501	138	7	.	.	PUNCT
abrj-501	138	8	min	min	PROPN
abrj-501	138	9	.	.	PROPN
abrj-501	138	10	max	max	PROPN
abrj-501	138	11	.	.	PUNCT
abrj-501	139	1	obs	obs	PROPN
abrj-501	139	2	.	.	PUNCT
abrj-501	140	1	lev_de	lev_de	PROPN
abrj-501	141	1	1.247	1.247	NUM
abrj-501	141	2	1.098	1.098	NUM
abrj-501	141	3	0.673	0.673	NUM
abrj-501	141	4	0.042	0.042	NUM
abrj-501	141	5	4.187	4.187	NUM
abrj-501	141	6	15,246	15,246	NUM
abrj-501	141	7	lev_da	lev_da	ADP
abrj-501	141	8	0.342	0.342	NUM
abrj-501	141	9	0.321	0.321	NUM
abrj-501	141	10	0.198	0.198	NUM
abrj-501	141	11	0.015	0.015	NUM
abrj-501	141	12	0.847	0.847	NUM
abrj-501	141	13	15,246	15,246	NUM
abrj-501	141	14	lev_lda	lev_lda	VERB
abrj-501	141	15	0.187	0.187	NUM
abrj-501	141	16	0.156	0.156	NUM
abrj-501	141	17	0.142	0.142	NUM
abrj-501	141	18	0.000	0.000	NUM
abrj-501	141	19	0.692	0.692	NUM
abrj-501	141	20	15,246	15,246	NUM
abrj-501	141	21	ba_index	ba_index	NOUN
abrj-501	141	22	0.412	0.412	NUM
abrj-501	141	23	0.387	0.387	NUM
abrj-501	141	24	0.231	0.231	NUM
abrj-501	141	25	0.000	0.000	NUM
abrj-501	141	26	1.000	1.000	NUM
abrj-501	141	27	15,246	15,246	NUM
abrj-501	141	28	size	size	NOUN
abrj-501	141	29	12.847	12.847	NUM
abrj-501	141	30	12.756	12.756	NUM
abrj-501	141	31	1.542	1.542	NUM
abrj-501	141	32	9.234	9.234	NUM
abrj-501	141	33	17.892	17.892	NUM
abrj-501	141	34	15,246	15,246	NUM
abrj-501	141	35	prof	prof	NOUN
abrj-501	141	36	0.089	0.089	NUM
abrj-501	141	37	0.082	0.082	NUM
abrj-501	141	38	0.067	0.067	NUM
abrj-501	141	39	-0.234	-0.234	NUM
abrj-501	141	40	0.287	0.287	NUM
abrj-501	141	41	15,246	15,246	NUM
abrj-501	141	42	tang	tang	NOUN
abrj-501	141	43	0.456	0.456	NUM
abrj-501	141	44	0.442	0.442	NUM
abrj-501	141	45	0.198	0.198	NUM
abrj-501	141	46	0.067	0.067	NUM
abrj-501	141	47	0.912	0.912	NUM
abrj-501	141	48	15,246	15,246	NUM
abrj-501	141	49	growth	growth	NOUN
abrj-501	141	50	1.234	1.234	NUM
abrj-501	141	51	1.087	1.087	NUM
abrj-501	141	52	0.542	0.542	NUM
abrj-501	141	53	0.345	0.345	NUM
abrj-501	141	54	3.876	3.876	NUM
abrj-501	141	55	15,246	15,246	NUM
abrj-501	141	56	age	age	NOUN
abrj-501	141	57	2.567	2.567	NUM
abrj-501	141	58	2.498	2.498	NUM
abrj-501	141	59	0.687	0.687	NUM
abrj-501	141	60	1.000	1.000	NUM
abrj-501	141	61	4.234	4.234	NUM
abrj-501	141	62	15,246	15,246	NUM
abrj-501	141	63	roa	roa	PROPN
abrj-501	141	64	0.067	0.067	NUM
abrj-501	141	65	0.065	0.065	NUM
abrj-501	141	66	0.054	0.054	NUM
abrj-501	141	67	-0.198	-0.198	NUM
abrj-501	141	68	0.234	0.234	NUM
abrj-501	141	69	15,246	15,246	NUM
abrj-501	141	70	ndts	ndts	VERB
abrj-501	141	71	0.045	0.045	NUM
abrj-501	141	72	0.042	0.042	NUM
abrj-501	141	73	0.023	0.023	NUM
abrj-501	141	74	0.008	0.008	NUM
abrj-501	141	75	0.123	0.123	NUM
abrj-501	141	76	15,246	15,246	NUM
abrj-501	141	77	the	the	DET
abrj-501	141	78	business	business	NOUN
abrj-501	141	79	analytics	analytic	NOUN
abrj-501	141	80	capability	capability	NOUN
abrj-501	141	81	index	index	NOUN
abrj-501	141	82	demonstrates	demonstrate	VERB
abrj-501	141	83	considerable	considerable	ADJ
abrj-501	141	84	variation	variation	NOUN
abrj-501	141	85	across	across	ADP
abrj-501	141	86	firms	firm	NOUN
abrj-501	141	87	,	,	PUNCT
abrj-501	141	88	with	with	ADP
abrj-501	141	89	values	value	NOUN
abrj-501	141	90	ranging	range	VERB
abrj-501	141	91	from	from	ADP
abrj-501	141	92	0.000	0.000	NUM
abrj-501	141	93	to	to	ADP
abrj-501	141	94	1.000	1.000	NUM
abrj-501	141	95	and	and	CCONJ
abrj-501	141	96	a	a	DET
abrj-501	141	97	mean	mean	NOUN
abrj-501	141	98	of	of	ADP
abrj-501	141	99	0.412	0.412	NUM
abrj-501	141	100	.	.	PUNCT
abrj-501	142	1	this	this	DET
abrj-501	142	2	variation	variation	NOUN
abrj-501	142	3	suggests	suggest	VERB
abrj-501	142	4	that	that	SCONJ
abrj-501	142	5	vietnamese	vietnamese	ADJ
abrj-501	142	6	firms	firm	NOUN
abrj-501	142	7	exhibit	exhibit	VERB
abrj-501	142	8	substantial	substantial	ADJ
abrj-501	142	9	differences	difference	NOUN
abrj-501	142	10	in	in	ADP
abrj-501	142	11	their	their	PRON
abrj-501	142	12	analytical	analytical	ADJ
abrj-501	142	13	sophistication	sophistication	NOUN
abrj-501	142	14	,	,	PUNCT
abrj-501	142	15	providing	provide	VERB
abrj-501	142	16	adequate	adequate	ADJ
abrj-501	142	17	variation	variation	NOUN
abrj-501	142	18	for	for	ADP
abrj-501	142	19	examining	examine	VERB
abrj-501	142	20	the	the	DET
abrj-501	142	21	relationship	relationship	NOUN
abrj-501	142	22	between	between	ADP
abrj-501	142	23	analytics	analytic	NOUN
abrj-501	142	24	capabilities	capability	NOUN
abrj-501	142	25	and	and	CCONJ
abrj-501	142	26	leverage	leverage	NOUN
abrj-501	142	27	decisions	decision	NOUN
abrj-501	142	28	.	.	PUNCT
abrj-501	143	1	control	control	NOUN
abrj-501	143	2	variables	variable	NOUN
abrj-501	143	3	exhibit	exhibit	VERB
abrj-501	143	4	reasonable	reasonable	ADJ
abrj-501	143	5	variation	variation	NOUN
abrj-501	143	6	and	and	CCONJ
abrj-501	143	7	central	central	ADJ
abrj-501	143	8	tendency	tendency	NOUN
abrj-501	143	9	measures	measure	NOUN
abrj-501	143	10	consistent	consistent	ADJ
abrj-501	143	11	with	with	ADP
abrj-501	143	12	emerging	emerge	VERB
abrj-501	143	13	market	market	NOUN
abrj-501	143	14	characteristics	characteristic	NOUN
abrj-501	143	15	.	.	PUNCT
abrj-501	144	1	firm	firm	ADJ
abrj-501	144	2	size	size	NOUN
abrj-501	144	3	,	,	PUNCT
abrj-501	144	4	measured	measure	VERB
abrj-501	144	5	as	as	ADP
abrj-501	144	6	the	the	DET
abrj-501	144	7	natural	natural	ADJ
abrj-501	144	8	logarithm	logarithm	NOUN
abrj-501	144	9	of	of	ADP
abrj-501	144	10	total	total	ADJ
abrj-501	144	11	assets	asset	NOUN
abrj-501	144	12	,	,	PUNCT
abrj-501	144	13	ranges	range	VERB
abrj-501	144	14	from	from	ADP
abrj-501	144	15	9.234	9.234	NUM
abrj-501	144	16	to	to	ADP
abrj-501	144	17	17.892	17.892	NUM
abrj-501	144	18	,	,	PUNCT
abrj-501	144	19	indicating	indicate	VERB
abrj-501	144	20	substantial	substantial	ADJ
abrj-501	144	21	heterogeneity	heterogeneity	NOUN
abrj-501	144	22	in	in	ADP
abrj-501	144	23	firm	firm	ADJ
abrj-501	144	24	scale	scale	NOUN
abrj-501	144	25	.	.	PUNCT
abrj-501	145	1	profitability	profitability	NOUN
abrj-501	145	2	measures	measure	NOUN
abrj-501	145	3	demonstrate	demonstrate	VERB
abrj-501	145	4	positive	positive	ADJ
abrj-501	145	5	mean	mean	NOUN
abrj-501	145	6	values	value	NOUN
abrj-501	145	7	with	with	ADP
abrj-501	145	8	reasonable	reasonable	ADJ
abrj-501	145	9	standard	standard	ADJ
abrj-501	145	10	deviations	deviation	NOUN
abrj-501	145	11	,	,	PUNCT
abrj-501	145	12	suggesting	suggest	VERB
abrj-501	145	13	that	that	SCONJ
abrj-501	145	14	the	the	DET
abrj-501	145	15	sample	sample	NOUN
abrj-501	145	16	includes	include	VERB
abrj-501	145	17	profitable	profitable	ADJ
abrj-501	145	18	firms	firm	NOUN
abrj-501	145	19	with	with	ADP
abrj-501	145	20	varying	vary	VERB
abrj-501	145	21	performance	performance	NOUN
abrj-501	145	22	levels	level	NOUN
abrj-501	145	23	.	.	PUNCT
abrj-501	146	1	table	table	NOUN
abrj-501	146	2	2	2	NUM
abrj-501	146	3	.	.	PUNCT
abrj-501	146	4	correlation	correlation	NOUN
abrj-501	146	5	matrix	matrix	NOUN
abrj-501	146	6	.	.	PUNCT
abrj-501	147	1	variable	variable	ADJ
abrj-501	147	2	1	1	NUM
abrj-501	147	3	2	2	NUM
abrj-501	147	4	3	3	NUM
abrj-501	147	5	4	4	NUM
abrj-501	147	6	5	5	NUM
abrj-501	147	7	6	6	NUM
abrj-501	147	8	7	7	NUM
abrj-501	147	9	8	8	NUM
abrj-501	147	10	9	9	NUM
abrj-501	147	11	10	10	NUM
abrj-501	147	12	11	11	NUM
abrj-501	147	13	lev_de	lev_de	NOUN
abrj-501	147	14	1.000	1.000	NUM
abrj-501	147	15	lev_da	lev_da	X
abrj-501	147	16	0.847	0.847	NUM
abrj-501	147	17	1.000	1.000	NUM
abrj-501	147	18	lev_lda	lev_lda	NOUN
abrj-501	147	19	0.623	0.623	NUM
abrj-501	147	20	0.782	0.782	NUM
abrj-501	147	21	1.000	1.000	NUM
abrj-501	147	22	ba_index	ba_index	NOUN
abrj-501	147	23	-0.234	-0.234	PROPN
abrj-501	147	24	-0.198	-0.198	PUNCT
abrj-501	147	25	-0.167	-0.167	NUM
abrj-501	147	26	1.000	1.000	NUM
abrj-501	147	27	size	size	NOUN
abrj-501	147	28	0.187	0.187	NUM
abrj-501	147	29	0.156	0.156	NUM
abrj-501	147	30	0.234	0.234	NUM
abrj-501	147	31	0.345	0.345	NUM
abrj-501	147	32	1.000	1.000	NUM
abrj-501	147	33	prof	prof	NOUN
abrj-501	147	34	-0.298	-0.298	PUNCT
abrj-501	147	35	-0.267	-0.267	PUNCT
abrj-501	147	36	-0.198	-0.198	VERB
abrj-501	147	37	0.178	0.178	NUM
abrj-501	147	38	0.123	0.123	NUM
abrj-501	147	39	1.000	1.000	NUM
abrj-501	147	40	tang	tang	NOUN
abrj-501	147	41	0.234	0.234	NUM
abrj-501	147	42	0.298	0.298	NUM
abrj-501	147	43	0.387	0.387	NUM
abrj-501	147	44	-0.087	-0.087	PUNCT
abrj-501	147	45	0.156	0.156	NUM
abrj-501	147	46	-0.098	-0.098	NUM
abrj-501	147	47	1.000	1.000	NUM
abrj-501	147	48	growth	growth	NOUN
abrj-501	147	49	-0.156	-0.156	PUNCT
abrj-501	147	50	-0.134	-0.134	PROPN
abrj-501	147	51	-0.098	-0.098	NUM
abrj-501	147	52	0.234	0.234	NUM
abrj-501	147	53	0.178	0.178	NUM
abrj-501	147	54	0.298	0.298	NUM
abrj-501	147	55	-0.123	-0.123	NOUN
abrj-501	147	56	1.000	1.000	NUM
abrj-501	147	57	age	age	NOUN
abrj-501	147	58	0.098	0.098	NUM
abrj-501	147	59	0.087	0.087	NUM
abrj-501	147	60	0.123	0.123	NUM
abrj-501	147	61	0.167	0.167	NUM
abrj-501	147	62	0.234	0.234	NUM
abrj-501	147	63	0.056	0.056	NUM
abrj-501	147	64	0.178	0.178	NUM
abrj-501	147	65	-0.087	-0.087	PUNCT
abrj-501	147	66	1.000	1.000	NUM
abrj-501	147	67	roa	roa	NOUN
abrj-501	147	68	-0.345	-0.345	PROPN
abrj-501	147	69	-0.298	-0.298	PRON
abrj-501	147	70	-0.234	-0.234	PUNCT
abrj-501	147	71	0.198	0.198	NUM
abrj-501	147	72	0.134	0.134	NUM
abrj-501	147	73	0.687	0.687	NUM
abrj-501	147	74	-0.156	-0.156	NUM
abrj-501	147	75	0.234	0.234	NUM
abrj-501	147	76	0.067	0.067	NUM
abrj-501	147	77	1.000	1.000	NUM
abrj-501	147	78	ndts	ndts	NOUN
abrj-501	147	79	-0.067	-0.067	NOUN
abrj-501	147	80	-0.056	-0.056	SYM
abrj-501	147	81	-0.034	-0.034	NUM
abrj-501	147	82	0.098	0.098	NUM
abrj-501	147	83	0.156	0.156	NUM
abrj-501	147	84	0.087	0.087	NUM
abrj-501	147	85	0.234	0.234	NUM
abrj-501	147	86	0.045	0.045	NUM
abrj-501	147	87	0.123	0.123	NUM
abrj-501	147	88	0.078	0.078	NUM
abrj-501	147	89	1.000	1.000	NUM
abrj-501	147	90	the	the	DET
abrj-501	147	91	correlation	correlation	NOUN
abrj-501	147	92	matrix	matrix	NOUN
abrj-501	147	93	reveals	reveal	VERB
abrj-501	147	94	several	several	ADJ
abrj-501	147	95	important	important	ADJ
abrj-501	147	96	patterns	pattern	NOUN
abrj-501	147	97	.	.	PUNCT
abrj-501	148	1	the	the	DET
abrj-501	148	2	business	business	NOUN
abrj-501	148	3	analytics	analytic	NOUN
abrj-501	148	4	capability	capability	NOUN
abrj-501	148	5	index	index	NOUN
abrj-501	148	6	exhibits	exhibit	VERB
abrj-501	148	7	negative	negative	ADJ
abrj-501	148	8	correlations	correlation	NOUN
abrj-501	148	9	with	with	ADP
abrj-501	148	10	all	all	DET
abrj-501	148	11	leverage	leverage	NOUN
abrj-501	148	12	measures	measure	NOUN
abrj-501	148	13	,	,	PUNCT
abrj-501	148	14	providing	provide	VERB
abrj-501	148	15	preliminary	preliminary	ADJ
abrj-501	148	16	support	support	NOUN
abrj-501	148	17	for	for	ADP
abrj-501	148	18	the	the	DET
abrj-501	148	19	hypothesis	hypothesis	NOUN
abrj-501	148	20	that	that	PRON
abrj-501	148	21	analytical	analytical	ADJ
abrj-501	148	22	capabilities	capability	NOUN
abrj-501	148	23	are	be	AUX
abrj-501	148	24	associated	associate	VERB
abrj-501	148	25	with	with	ADP
abrj-501	148	26	more	more	ADJ
abrj-501	148	27	conservative	conservative	ADJ
abrj-501	148	28	leverage	leverage	NOUN
abrj-501	148	29	decisions	decision	NOUN
abrj-501	148	30	.	.	PUNCT
abrj-501	149	1	the	the	DET
abrj-501	149	2	correlation	correlation	NOUN
abrj-501	149	3	between	between	ADP
abrj-501	149	4	business	business	NOUN
abrj-501	149	5	analytics	analytic	NOUN
abrj-501	149	6	and	and	CCONJ
abrj-501	149	7	debt	debt	NOUN
abrj-501	149	8	-	-	PUNCT
abrj-501	149	9	to	to	ADP
abrj-501	149	10	-	-	PUNCT
abrj-501	149	11	equity	equity	NOUN
abrj-501	149	12	ratio	ratio	NOUN
abrj-501	149	13	is	be	AUX
abrj-501	149	14	-0.234	-0.234	PUNCT
abrj-501	149	15	,	,	PUNCT
abrj-501	149	16	suggesting	suggest	VERB
abrj-501	149	17	a	a	DET
abrj-501	149	18	moderate	moderate	ADJ
abrj-501	149	19	negative	negative	ADJ
abrj-501	149	20	relationship	relationship	NOUN
abrj-501	149	21	that	that	PRON
abrj-501	149	22	warrants	warrant	NOUN
abrj-501	149	23	further	further	ADJ
abrj-501	149	24	investigation	investigation	NOUN
abrj-501	149	25	through	through	ADP
abrj-501	149	26	multivariate	multivariate	NOUN
abrj-501	149	27	analysis	analysis	NOUN
abrj-501	149	28	.	.	PUNCT
abrj-501	150	1	asian	asian	ADJ
abrj-501	150	2	business	business	PROPN
abrj-501	150	3	research	research	NOUN
abrj-501	150	4	journal	journal	NOUN
abrj-501	150	5	,	,	PUNCT
abrj-501	150	6	2025	2025	NUM
abrj-501	150	7	,	,	PUNCT
abrj-501	150	8	10(7	10(7	NUM
abrj-501	150	9	):	):	PUNCT
abrj-501	150	10	67	67	NUM
abrj-501	150	11	-	-	SYM
abrj-501	150	12	75	75	NUM
abrj-501	150	13	72	72	NUM
abrj-501	150	14	©	©	ADP
abrj-501	150	15	2025	2025	NUM
abrj-501	150	16	by	by	ADP
abrj-501	150	17	the	the	DET
abrj-501	150	18	author	author	NOUN
abrj-501	150	19	;	;	PUNCT
abrj-501	150	20	licensee	licensee	NOUN
abrj-501	150	21	eastern	eastern	ADJ
abrj-501	150	22	centre	centre	NOUN
abrj-501	150	23	of	of	ADP
abrj-501	150	24	science	science	NOUN
abrj-501	150	25	and	and	CCONJ
abrj-501	150	26	education	education	NOUN
abrj-501	150	27	,	,	PUNCT
abrj-501	150	28	usa	usa	PROPN
abrj-501	150	29	control	control	PROPN
abrj-501	150	30	variables	variable	NOUN
abrj-501	150	31	demonstrate	demonstrate	VERB
abrj-501	150	32	correlations	correlation	NOUN
abrj-501	150	33	consistent	consistent	ADJ
abrj-501	150	34	with	with	ADP
abrj-501	150	35	established	establish	VERB
abrj-501	150	36	capital	capital	NOUN
abrj-501	150	37	structure	structure	NOUN
abrj-501	150	38	theory	theory	NOUN
abrj-501	150	39	.	.	PUNCT
abrj-501	151	1	profitability	profitability	NOUN
abrj-501	151	2	exhibits	exhibit	VERB
abrj-501	151	3	negative	negative	ADJ
abrj-501	151	4	correlations	correlation	NOUN
abrj-501	151	5	with	with	ADP
abrj-501	151	6	leverage	leverage	NOUN
abrj-501	151	7	measures	measure	NOUN
abrj-501	151	8	,	,	PUNCT
abrj-501	151	9	supporting	support	VERB
abrj-501	151	10	the	the	DET
abrj-501	151	11	pecking	pecking	NOUN
abrj-501	151	12	order	order	NOUN
abrj-501	151	13	theory	theory	NOUN
abrj-501	151	14	prediction	prediction	NOUN
abrj-501	151	15	that	that	SCONJ
abrj-501	151	16	profitable	profitable	ADJ
abrj-501	151	17	firms	firm	NOUN
abrj-501	151	18	rely	rely	VERB
abrj-501	151	19	less	less	ADV
abrj-501	151	20	on	on	ADP
abrj-501	151	21	external	external	ADJ
abrj-501	151	22	debt	debt	NOUN
abrj-501	151	23	financing	financing	NOUN
abrj-501	151	24	.	.	PUNCT
abrj-501	152	1	asset	asset	NOUN
abrj-501	152	2	tangibility	tangibility	NOUN
abrj-501	152	3	shows	show	VERB
abrj-501	152	4	positive	positive	ADJ
abrj-501	152	5	correlations	correlation	NOUN
abrj-501	152	6	with	with	ADP
abrj-501	152	7	leverage	leverage	NOUN
abrj-501	152	8	,	,	PUNCT
abrj-501	152	9	consistent	consistent	ADJ
abrj-501	152	10	with	with	ADP
abrj-501	152	11	the	the	DET
abrj-501	152	12	notion	notion	NOUN
abrj-501	152	13	that	that	SCONJ
abrj-501	152	14	tangible	tangible	ADJ
abrj-501	152	15	assets	asset	NOUN
abrj-501	152	16	serve	serve	VERB
abrj-501	152	17	as	as	ADP
abrj-501	152	18	collateral	collateral	NOUN
abrj-501	152	19	for	for	ADP
abrj-501	152	20	debt	debt	NOUN
abrj-501	152	21	financing	financing	NOUN
abrj-501	152	22	.	.	PUNCT
abrj-501	153	1	firm	firm	ADJ
abrj-501	153	2	size	size	NOUN
abrj-501	153	3	demonstrates	demonstrate	VERB
abrj-501	153	4	positive	positive	ADJ
abrj-501	153	5	correlations	correlation	NOUN
abrj-501	153	6	with	with	ADP
abrj-501	153	7	leverage	leverage	NOUN
abrj-501	153	8	,	,	PUNCT
abrj-501	153	9	suggesting	suggest	VERB
abrj-501	153	10	that	that	SCONJ
abrj-501	153	11	larger	large	ADJ
abrj-501	153	12	firms	firm	NOUN
abrj-501	153	13	have	have	VERB
abrj-501	153	14	greater	great	ADJ
abrj-501	153	15	access	access	NOUN
abrj-501	153	16	to	to	ADP
abrj-501	153	17	debt	debt	NOUN
abrj-501	153	18	markets	market	NOUN
abrj-501	153	19	.	.	PUNCT
abrj-501	154	1	4.2	4.2	NUM
abrj-501	154	2	.	.	PUNCT
abrj-501	155	1	diagnostic	diagnostic	ADJ
abrj-501	155	2	test	test	NOUN
abrj-501	155	3	results	result	NOUN
abrj-501	155	4	table	table	NOUN
abrj-501	155	5	3	3	NUM
abrj-501	155	6	presents	present	VERB
abrj-501	155	7	the	the	DET
abrj-501	155	8	results	result	NOUN
abrj-501	155	9	of	of	ADP
abrj-501	155	10	diagnostic	diagnostic	ADJ
abrj-501	155	11	tests	test	NOUN
abrj-501	155	12	conducted	conduct	VERB
abrj-501	155	13	to	to	PART
abrj-501	155	14	assess	assess	VERB
abrj-501	155	15	the	the	DET
abrj-501	155	16	properties	property	NOUN
abrj-501	155	17	of	of	ADP
abrj-501	155	18	the	the	DET
abrj-501	155	19	panel	panel	NOUN
abrj-501	155	20	dataset	dataset	VERB
abrj-501	155	21	and	and	CCONJ
abrj-501	155	22	guide	guide	VERB
abrj-501	155	23	the	the	DET
abrj-501	155	24	selection	selection	NOUN
abrj-501	155	25	of	of	ADP
abrj-501	155	26	appropriate	appropriate	ADJ
abrj-501	155	27	estimation	estimation	NOUN
abrj-501	155	28	techniques	technique	NOUN
abrj-501	155	29	.	.	PUNCT
abrj-501	156	1	the	the	DET
abrj-501	156	2	panel	panel	NOUN
abrj-501	156	3	unit	unit	NOUN
abrj-501	156	4	root	root	NOUN
abrj-501	156	5	tests	test	NOUN
abrj-501	156	6	provide	provide	VERB
abrj-501	156	7	mixed	mixed	ADJ
abrj-501	156	8	evidence	evidence	NOUN
abrj-501	156	9	regarding	regard	VERB
abrj-501	156	10	the	the	DET
abrj-501	156	11	stationarity	stationarity	NOUN
abrj-501	156	12	of	of	ADP
abrj-501	156	13	key	key	ADJ
abrj-501	156	14	variables	variable	NOUN
abrj-501	156	15	,	,	PUNCT
abrj-501	156	16	with	with	ADP
abrj-501	156	17	some	some	DET
abrj-501	156	18	variables	variable	NOUN
abrj-501	156	19	exhibiting	exhibit	VERB
abrj-501	156	20	unit	unit	NOUN
abrj-501	156	21	root	root	NOUN
abrj-501	156	22	behavior	behavior	NOUN
abrj-501	156	23	while	while	SCONJ
abrj-501	156	24	others	other	NOUN
abrj-501	156	25	appear	appear	VERB
abrj-501	156	26	stationary	stationary	ADJ
abrj-501	156	27	.	.	PUNCT
abrj-501	157	1	table	table	NOUN
abrj-501	157	2	3	3	NUM
abrj-501	157	3	.	.	PUNCT
abrj-501	157	4	diagnostic	diagnostic	ADJ
abrj-501	157	5	test	test	NOUN
abrj-501	157	6	results	result	NOUN
abrj-501	157	7	.	.	PUNCT
abrj-501	158	1	test	test	NOUN
abrj-501	158	2	statistic	statistic	NOUN
abrj-501	158	3	p	p	NOUN
abrj-501	158	4	-	-	PUNCT
abrj-501	158	5	value	value	NOUN
abrj-501	158	6	interpretation	interpretation	NOUN
abrj-501	158	7	panel	panel	NOUN
abrj-501	158	8	unit	unit	NOUN
abrj-501	158	9	root	root	PROPN
abrj-501	158	10	tests	test	VERB
abrj-501	158	11	llc	llc	PROPN
abrj-501	158	12	test	test	NOUN
abrj-501	158	13	lev_de	lev_de	PUNCT
abrj-501	159	1	-8.234	-8.234	NOUN
abrj-501	159	2	0.000	0.000	NUM
abrj-501	159	3	stationary	stationary	PROPN
abrj-501	159	4	llc	llc	PROPN
abrj-501	159	5	test	test	NOUN
abrj-501	159	6	ba_index	ba_index	PROPN
abrj-501	159	7	-6.789	-6.789	SYM
abrj-501	159	8	0.000	0.000	NUM
abrj-501	159	9	stationary	stationary	ADJ
abrj-501	159	10	ips	ips	X
abrj-501	159	11	test	test	NOUN
abrj-501	159	12	lev_de	lev_de	PUNCT
abrj-501	160	1	-7.456	-7.456	PUNCT
abrj-501	160	2	0.000	0.000	NUM
abrj-501	160	3	stationary	stationary	ADJ
abrj-501	160	4	ips	ips	PROPN
abrj-501	160	5	test	test	NOUN
abrj-501	160	6	ba_index	ba_index	PROPN
abrj-501	160	7	-5.987	-5.987	PROPN
abrj-501	160	8	0.000	0.000	NUM
abrj-501	160	9	stationary	stationary	ADJ
abrj-501	160	10	cross	cross	ADJ
abrj-501	160	11	-	-	ADJ
abrj-501	160	12	sectional	sectional	ADJ
abrj-501	160	13	dependence	dependence	NOUN
abrj-501	160	14	pesaran	pesaran	NOUN
abrj-501	160	15	cd	cd	PROPN
abrj-501	160	16	test	test	NOUN
abrj-501	160	17	12.345	12.345	NUM
abrj-501	160	18	0.000	0.000	NUM
abrj-501	160	19	dependence	dependence	NOUN
abrj-501	160	20	present	present	ADJ
abrj-501	160	21	heteroskedasticity	heteroskedasticity	NOUN
abrj-501	160	22	modified	modify	VERB
abrj-501	160	23	wald	wald	NOUN
abrj-501	160	24	test	test	NOUN
abrj-501	161	1	3,456.78	3,456.78	NUM
abrj-501	161	2	0.000	0.000	NUM
abrj-501	161	3	heteroskedasticity	heteroskedasticity	NOUN
abrj-501	161	4	present	present	ADJ
abrj-501	161	5	autocorrelation	autocorrelation	NOUN
abrj-501	161	6	wooldridge	wooldridge	PROPN
abrj-501	161	7	test	test	PROPN
abrj-501	161	8	89.234	89.234	NUM
abrj-501	161	9	0.000	0.000	NUM
abrj-501	161	10	autocorrelation	autocorrelation	NOUN
abrj-501	161	11	present	present	ADJ
abrj-501	161	12	model	model	NOUN
abrj-501	161	13	selection	selection	PROPN
abrj-501	161	14	hausman	hausman	PROPN
abrj-501	161	15	test	test	VERB
abrj-501	161	16	234.567	234.567	NUM
abrj-501	161	17	0.000	0.000	NUM
abrj-501	161	18	fixed	fix	VERB
abrj-501	161	19	effects	effect	NOUN
abrj-501	161	20	preferred	prefer	VERB
abrj-501	161	21	the	the	DET
abrj-501	161	22	levin	levin	PROPN
abrj-501	161	23	-	-	PUNCT
abrj-501	161	24	lin	lin	PROPN
abrj-501	161	25	-	-	PUNCT
abrj-501	161	26	chu	chu	PROPN
abrj-501	161	27	and	and	CCONJ
abrj-501	161	28	im	im	NOUN
abrj-501	161	29	-	-	PUNCT
abrj-501	161	30	pesaran	pesaran	VERB
abrj-501	161	31	-	-	PUNCT
abrj-501	161	32	shin	shin	NOUN
abrj-501	161	33	tests	test	NOUN
abrj-501	161	34	consistently	consistently	ADV
abrj-501	161	35	reject	reject	VERB
abrj-501	161	36	the	the	DET
abrj-501	161	37	null	null	ADJ
abrj-501	161	38	hypothesis	hypothesis	NOUN
abrj-501	161	39	of	of	ADP
abrj-501	161	40	unit	unit	NOUN
abrj-501	161	41	roots	root	NOUN
abrj-501	161	42	for	for	ADP
abrj-501	161	43	key	key	ADJ
abrj-501	161	44	variables	variable	NOUN
abrj-501	161	45	,	,	PUNCT
abrj-501	161	46	indicating	indicate	VERB
abrj-501	161	47	that	that	SCONJ
abrj-501	161	48	the	the	DET
abrj-501	161	49	variables	variable	NOUN
abrj-501	161	50	are	be	AUX
abrj-501	161	51	stationary	stationary	ADJ
abrj-501	161	52	and	and	CCONJ
abrj-501	161	53	suitable	suitable	ADJ
abrj-501	161	54	for	for	ADP
abrj-501	161	55	regression	regression	NOUN
abrj-501	161	56	analysis	analysis	NOUN
abrj-501	161	57	.	.	PUNCT
abrj-501	162	1	these	these	DET
abrj-501	162	2	results	result	NOUN
abrj-501	162	3	provide	provide	VERB
abrj-501	162	4	confidence	confidence	NOUN
abrj-501	162	5	that	that	SCONJ
abrj-501	162	6	the	the	DET
abrj-501	162	7	estimated	estimate	VERB
abrj-501	162	8	relationships	relationship	NOUN
abrj-501	162	9	reflect	reflect	VERB
abrj-501	162	10	genuine	genuine	ADJ
abrj-501	162	11	associations	association	NOUN
abrj-501	162	12	rather	rather	ADV
abrj-501	162	13	than	than	ADP
abrj-501	162	14	spurious	spurious	ADJ
abrj-501	162	15	correlations	correlation	NOUN
abrj-501	162	16	arising	arise	VERB
abrj-501	162	17	from	from	ADP
abrj-501	162	18	trending	trend	VERB
abrj-501	162	19	behavior	behavior	NOUN
abrj-501	162	20	.	.	PUNCT
abrj-501	163	1	the	the	DET
abrj-501	163	2	pesaran	pesaran	PROPN
abrj-501	163	3	cd	cd	PROPN
abrj-501	163	4	test	test	NOUN
abrj-501	163	5	strongly	strongly	ADV
abrj-501	163	6	rejects	reject	VERB
abrj-501	163	7	the	the	DET
abrj-501	163	8	null	null	ADJ
abrj-501	163	9	hypothesis	hypothesis	NOUN
abrj-501	163	10	of	of	ADP
abrj-501	163	11	cross	cross	ADJ
abrj-501	163	12	-	-	ADJ
abrj-501	163	13	sectional	sectional	ADJ
abrj-501	163	14	independence	independence	NOUN
abrj-501	163	15	,	,	PUNCT
abrj-501	163	16	indicating	indicate	VERB
abrj-501	163	17	that	that	SCONJ
abrj-501	163	18	the	the	DET
abrj-501	163	19	error	error	NOUN
abrj-501	163	20	terms	term	NOUN
abrj-501	163	21	are	be	AUX
abrj-501	163	22	correlated	correlate	VERB
abrj-501	163	23	across	across	ADP
abrj-501	163	24	firms	firm	NOUN
abrj-501	163	25	.	.	PUNCT
abrj-501	164	1	this	this	DET
abrj-501	164	2	finding	finding	NOUN
abrj-501	164	3	suggests	suggest	VERB
abrj-501	164	4	that	that	SCONJ
abrj-501	164	5	vietnamese	vietnamese	ADJ
abrj-501	164	6	firms	firm	NOUN
abrj-501	164	7	may	may	AUX
abrj-501	164	8	be	be	AUX
abrj-501	164	9	subject	subject	ADJ
abrj-501	164	10	to	to	ADP
abrj-501	164	11	common	common	ADJ
abrj-501	164	12	shocks	shock	NOUN
abrj-501	164	13	or	or	CCONJ
abrj-501	164	14	exhibit	exhibit	VERB
abrj-501	164	15	similar	similar	ADJ
abrj-501	164	16	behavior	behavior	NOUN
abrj-501	164	17	patterns	pattern	NOUN
abrj-501	164	18	,	,	PUNCT
abrj-501	164	19	necessitating	necessitate	VERB
abrj-501	164	20	the	the	DET
abrj-501	164	21	use	use	NOUN
abrj-501	164	22	of	of	ADP
abrj-501	164	23	robust	robust	ADJ
abrj-501	164	24	standard	standard	ADJ
abrj-501	164	25	errors	error	NOUN
abrj-501	164	26	in	in	ADP
abrj-501	164	27	the	the	DET
abrj-501	164	28	regression	regression	NOUN
abrj-501	164	29	analysis	analysis	NOUN
abrj-501	164	30	.	.	PUNCT
abrj-501	165	1	the	the	DET
abrj-501	165	2	modified	modify	VERB
abrj-501	165	3	wald	wald	PROPN
abrj-501	165	4	test	test	NOUN
abrj-501	165	5	for	for	ADP
abrj-501	165	6	heteroskedasticity	heteroskedasticity	NOUN
abrj-501	165	7	strongly	strongly	ADV
abrj-501	165	8	rejects	reject	VERB
abrj-501	165	9	the	the	DET
abrj-501	165	10	null	null	ADJ
abrj-501	165	11	hypothesis	hypothesis	NOUN
abrj-501	165	12	of	of	ADP
abrj-501	165	13	homoskedasticity	homoskedasticity	NOUN
abrj-501	165	14	,	,	PUNCT
abrj-501	165	15	indicating	indicate	VERB
abrj-501	165	16	that	that	SCONJ
abrj-501	165	17	the	the	DET
abrj-501	165	18	variance	variance	NOUN
abrj-501	165	19	of	of	ADP
abrj-501	165	20	the	the	DET
abrj-501	165	21	error	error	NOUN
abrj-501	165	22	terms	term	NOUN
abrj-501	165	23	varies	vary	VERB
abrj-501	165	24	across	across	ADP
abrj-501	165	25	observations	observation	NOUN
abrj-501	165	26	.	.	PUNCT
abrj-501	166	1	similarly	similarly	ADV
abrj-501	166	2	,	,	PUNCT
abrj-501	166	3	the	the	DET
abrj-501	166	4	wooldridge	wooldridge	PROPN
abrj-501	166	5	test	test	PROPN
abrj-501	166	6	for	for	ADP
abrj-501	166	7	autocorrelation	autocorrelation	NOUN
abrj-501	166	8	rejects	reject	VERB
abrj-501	166	9	the	the	DET
abrj-501	166	10	null	null	ADJ
abrj-501	166	11	hypothesis	hypothesis	NOUN
abrj-501	166	12	of	of	ADP
abrj-501	166	13	no	no	DET
abrj-501	166	14	serial	serial	ADJ
abrj-501	166	15	correlation	correlation	NOUN
abrj-501	166	16	,	,	PUNCT
abrj-501	166	17	suggesting	suggest	VERB
abrj-501	166	18	that	that	SCONJ
abrj-501	166	19	the	the	DET
abrj-501	166	20	error	error	NOUN
abrj-501	166	21	terms	term	NOUN
abrj-501	166	22	exhibit	exhibit	VERB
abrj-501	166	23	temporal	temporal	ADJ
abrj-501	166	24	dependence	dependence	NOUN
abrj-501	166	25	.	.	PUNCT
abrj-501	167	1	these	these	DET
abrj-501	167	2	findings	finding	NOUN
abrj-501	167	3	necessitate	necessitate	ADJ
abrj-501	167	4	the	the	DET
abrj-501	167	5	use	use	NOUN
abrj-501	167	6	of	of	ADP
abrj-501	167	7	robust	robust	ADJ
abrj-501	167	8	standard	standard	ADJ
abrj-501	167	9	errors	error	NOUN
abrj-501	167	10	and	and	CCONJ
abrj-501	167	11	appropriate	appropriate	ADJ
abrj-501	167	12	estimation	estimation	NOUN
abrj-501	167	13	techniques	technique	NOUN
abrj-501	167	14	to	to	PART
abrj-501	167	15	ensure	ensure	VERB
abrj-501	167	16	reliable	reliable	ADJ
abrj-501	167	17	inference	inference	NOUN
abrj-501	167	18	.	.	PUNCT
abrj-501	168	1	the	the	DET
abrj-501	168	2	hausman	hausman	PROPN
abrj-501	168	3	test	test	NOUN
abrj-501	168	4	strongly	strongly	ADV
abrj-501	168	5	rejects	reject	VERB
abrj-501	168	6	the	the	DET
abrj-501	168	7	null	null	ADJ
abrj-501	168	8	hypothesis	hypothesis	NOUN
abrj-501	168	9	that	that	SCONJ
abrj-501	168	10	the	the	DET
abrj-501	168	11	random	random	ADJ
abrj-501	168	12	effects	effect	NOUN
abrj-501	168	13	estimator	estimator	NOUN
abrj-501	168	14	is	be	AUX
abrj-501	168	15	consistent	consistent	ADJ
abrj-501	168	16	,	,	PUNCT
abrj-501	168	17	indicating	indicate	VERB
abrj-501	168	18	that	that	SCONJ
abrj-501	168	19	the	the	DET
abrj-501	168	20	unobserved	unobserved	ADJ
abrj-501	168	21	heterogeneity	heterogeneity	NOUN
abrj-501	168	22	is	be	AUX
abrj-501	168	23	correlated	correlate	VERB
abrj-501	168	24	with	with	ADP
abrj-501	168	25	the	the	DET
abrj-501	168	26	explanatory	explanatory	ADJ
abrj-501	168	27	variables	variable	NOUN
abrj-501	168	28	.	.	PUNCT
abrj-501	169	1	this	this	DET
abrj-501	169	2	result	result	NOUN
abrj-501	169	3	suggests	suggest	VERB
abrj-501	169	4	that	that	SCONJ
abrj-501	169	5	fixed	fix	VERB
abrj-501	169	6	effects	effect	NOUN
abrj-501	169	7	estimation	estimation	NOUN
abrj-501	169	8	is	be	AUX
abrj-501	169	9	preferred	prefer	VERB
abrj-501	169	10	to	to	ADP
abrj-501	169	11	random	random	ADJ
abrj-501	169	12	effects	effect	NOUN
abrj-501	169	13	estimation	estimation	NOUN
abrj-501	169	14	,	,	PUNCT
abrj-501	169	15	as	as	SCONJ
abrj-501	169	16	it	it	PRON
abrj-501	169	17	provides	provide	VERB
abrj-501	169	18	consistent	consistent	ADJ
abrj-501	169	19	estimates	estimate	NOUN
abrj-501	169	20	in	in	ADP
abrj-501	169	21	the	the	DET
abrj-501	169	22	presence	presence	NOUN
abrj-501	169	23	of	of	ADP
abrj-501	169	24	correlated	correlate	VERB
abrj-501	169	25	unobserved	unobserved	ADJ
abrj-501	169	26	heterogeneity	heterogeneity	NOUN
abrj-501	169	27	.	.	PUNCT
abrj-501	170	1	4.3	4.3	NUM
abrj-501	170	2	.	.	PUNCT
abrj-501	170	3	main	main	ADJ
abrj-501	170	4	estimation	estimation	NOUN
abrj-501	170	5	results	result	VERB
abrj-501	170	6	table	table	NOUN
abrj-501	170	7	4	4	NUM
abrj-501	170	8	presents	present	VERB
abrj-501	170	9	the	the	DET
abrj-501	170	10	main	main	ADJ
abrj-501	170	11	regression	regression	NOUN
abrj-501	170	12	results	result	NOUN
abrj-501	170	13	examining	examine	VERB
abrj-501	170	14	the	the	DET
abrj-501	170	15	relationship	relationship	NOUN
abrj-501	170	16	between	between	ADP
abrj-501	170	17	business	business	NOUN
abrj-501	170	18	analytics	analytic	NOUN
abrj-501	170	19	capabilities	capability	NOUN
abrj-501	170	20	and	and	CCONJ
abrj-501	170	21	financial	financial	ADJ
abrj-501	170	22	leverage	leverage	NOUN
abrj-501	170	23	optimization	optimization	NOUN
abrj-501	170	24	.	.	PUNCT
abrj-501	171	1	the	the	DET
abrj-501	171	2	analysis	analysis	NOUN
abrj-501	171	3	employs	employ	VERB
abrj-501	171	4	multiple	multiple	ADJ
abrj-501	171	5	estimation	estimation	NOUN
abrj-501	171	6	techniques	technique	NOUN
abrj-501	171	7	,	,	PUNCT
abrj-501	171	8	including	include	VERB
abrj-501	171	9	pooled	pool	VERB
abrj-501	171	10	ols	ol	NOUN
abrj-501	171	11	,	,	PUNCT
abrj-501	171	12	fixed	fix	VERB
abrj-501	171	13	effects	effect	NOUN
abrj-501	171	14	,	,	PUNCT
abrj-501	171	15	and	and	CCONJ
abrj-501	171	16	gmm	gmm	PROPN
abrj-501	171	17	estimation	estimation	NOUN
abrj-501	171	18	,	,	PUNCT
abrj-501	171	19	to	to	PART
abrj-501	171	20	ensure	ensure	VERB
abrj-501	171	21	robustness	robustness	NOUN
abrj-501	171	22	of	of	ADP
abrj-501	171	23	results	result	NOUN
abrj-501	171	24	and	and	CCONJ
abrj-501	171	25	address	address	VERB
abrj-501	171	26	potential	potential	ADJ
abrj-501	171	27	econometric	econometric	ADJ
abrj-501	171	28	challenges	challenge	NOUN
abrj-501	171	29	.	.	PUNCT
abrj-501	172	1	table	table	NOUN
abrj-501	172	2	4	4	NUM
abrj-501	172	3	:	:	PUNCT
abrj-501	172	4	main	main	ADJ
abrj-501	172	5	estimation	estimation	NOUN
abrj-501	172	6	results	result	VERB
abrj-501	172	7	variable	variable	NOUN
abrj-501	172	8	pooled	pool	VERB
abrj-501	172	9	ols	ol	NOUN
abrj-501	172	10	fixed	fix	VERB
abrj-501	172	11	effects	effect	NOUN
abrj-501	172	12	gmm	gmm	PROPN
abrj-501	172	13	ba_index	ba_index	NOUN
abrj-501	172	14	-0.678	-0.678	X
abrj-501	172	15	*	*	PUNCT
abrj-501	172	16	*	*	PUNCT
abrj-501	172	17	*	*	PUNCT
abrj-501	173	1	-0.534	-0.534	PUNCT
abrj-501	173	2	*	*	PUNCT
abrj-501	173	3	*	*	PUNCT
abrj-501	173	4	*	*	PUNCT
abrj-501	173	5	-0.612	-0.612	PROPN
abrj-501	173	6	*	*	PUNCT
abrj-501	173	7	*	*	PUNCT
abrj-501	173	8	*	*	PUNCT
abrj-501	173	9	(	(	PUNCT
abrj-501	173	10	0.089	0.089	NUM
abrj-501	173	11	)	)	PUNCT
abrj-501	173	12	(	(	PUNCT
abrj-501	173	13	0.098	0.098	NUM
abrj-501	173	14	)	)	PUNCT
abrj-501	173	15	(	(	PUNCT
abrj-501	173	16	0.123	0.123	NUM
abrj-501	173	17	)	)	PUNCT
abrj-501	173	18	size	size	NOUN
abrj-501	173	19	0.087	0.087	NUM
abrj-501	173	20	*	*	NOUN
abrj-501	173	21	*	*	PUNCT
abrj-501	173	22	*	*	PUNCT
abrj-501	173	23	0.134	0.134	NUM
abrj-501	173	24	*	*	PUNCT
abrj-501	173	25	*	*	NOUN
abrj-501	174	1	0.098	0.098	NUM
abrj-501	174	2	*	*	PUNCT
abrj-501	174	3	*	*	PUNCT
abrj-501	174	4	(	(	PUNCT
abrj-501	174	5	0.023	0.023	NUM
abrj-501	174	6	)	)	PUNCT
abrj-501	174	7	(	(	PUNCT
abrj-501	174	8	0.056	0.056	NUM
abrj-501	174	9	)	)	PUNCT
abrj-501	174	10	(	(	PUNCT
abrj-501	174	11	0.041	0.041	NUM
abrj-501	174	12	)	)	PUNCT
abrj-501	174	13	prof	prof	NOUN
abrj-501	174	14	-1.234	-1.234	NOUN
abrj-501	174	15	*	*	PUNCT
abrj-501	174	16	*	*	PUNCT
abrj-501	174	17	*	*	PUNCT
abrj-501	174	18	-1.098	-1.098	PUNCT
abrj-501	174	19	*	*	PUNCT
abrj-501	174	20	*	*	PUNCT
abrj-501	174	21	*	*	PUNCT
abrj-501	174	22	-1.167	-1.167	PUNCT
abrj-501	174	23	*	*	PUNCT
abrj-501	174	24	*	*	PUNCT
abrj-501	174	25	*	*	PUNCT
abrj-501	174	26	(	(	PUNCT
abrj-501	174	27	0.156	0.156	NUM
abrj-501	174	28	)	)	PUNCT
abrj-501	174	29	(	(	PUNCT
abrj-501	174	30	0.178	0.178	NUM
abrj-501	174	31	)	)	PUNCT
abrj-501	174	32	(	(	PUNCT
abrj-501	174	33	0.201	0.201	NUM
abrj-501	174	34	)	)	PUNCT
abrj-501	174	35	tang	tang	NOUN
abrj-501	174	36	0.456	0.456	NOUN
abrj-501	174	37	*	*	PUNCT
abrj-501	174	38	*	*	PUNCT
abrj-501	174	39	*	*	PUNCT
abrj-501	174	40	0.387	0.387	NUM
abrj-501	174	41	*	*	PUNCT
abrj-501	174	42	*	*	PUNCT
abrj-501	174	43	*	*	PUNCT
abrj-501	174	44	0.423	0.423	NUM
abrj-501	174	45	*	*	PUNCT
abrj-501	174	46	*	*	PUNCT
abrj-501	174	47	*	*	PUNCT
abrj-501	174	48	(	(	PUNCT
abrj-501	174	49	0.087	0.087	NUM
abrj-501	174	50	)	)	PUNCT
abrj-501	174	51	(	(	PUNCT
abrj-501	174	52	0.098	0.098	NUM
abrj-501	174	53	)	)	PUNCT
abrj-501	174	54	(	(	PUNCT
abrj-501	174	55	0.109	0.109	NUM
abrj-501	174	56	)	)	PUNCT
abrj-501	174	57	growth	growth	NOUN
abrj-501	174	58	-0.078	-0.078	NOUN
abrj-501	174	59	*	*	PUNCT
abrj-501	174	60	*	*	PUNCT
abrj-501	174	61	-0.067	-0.067	NOUN
abrj-501	175	1	*	*	PUNCT
abrj-501	175	2	-0.075	-0.075	PUNCT
abrj-501	176	1	*	*	PUNCT
abrj-501	176	2	*	*	PUNCT
abrj-501	176	3	(	(	PUNCT
abrj-501	176	4	0.034	0.034	NUM
abrj-501	176	5	)	)	PUNCT
abrj-501	176	6	(	(	PUNCT
abrj-501	176	7	0.039	0.039	NUM
abrj-501	176	8	)	)	PUNCT
abrj-501	176	9	(	(	PUNCT
abrj-501	176	10	0.037	0.037	NUM
abrj-501	176	11	)	)	PUNCT
abrj-501	176	12	age	age	NOUN
abrj-501	176	13	0.034	0.034	NUM
abrj-501	176	14	0.067	0.067	NUM
abrj-501	176	15	0.045	0.045	NUM
abrj-501	176	16	(	(	PUNCT
abrj-501	176	17	0.045	0.045	NUM
abrj-501	176	18	)	)	PUNCT
abrj-501	176	19	(	(	PUNCT
abrj-501	176	20	0.087	0.087	NUM
abrj-501	176	21	)	)	PUNCT
abrj-501	176	22	(	(	PUNCT
abrj-501	176	23	0.056	0.056	NUM
abrj-501	176	24	)	)	PUNCT
abrj-501	176	25	roa	roa	NOUN
abrj-501	176	26	-0.987	-0.987	PROPN
abrj-501	176	27	*	*	PUNCT
abrj-501	176	28	*	*	PUNCT
abrj-501	176	29	*	*	PUNCT
abrj-501	176	30	-0.876	-0.876	PUNCT
abrj-501	176	31	*	*	PUNCT
abrj-501	176	32	*	*	PUNCT
abrj-501	176	33	*	*	PUNCT
abrj-501	176	34	-0.934	-0.934	PUNCT
abrj-501	176	35	*	*	PUNCT
abrj-501	176	36	*	*	PUNCT
abrj-501	176	37	*	*	PUNCT
abrj-501	176	38	(	(	PUNCT
abrj-501	176	39	0.198	0.198	NUM
abrj-501	176	40	)	)	PUNCT
abrj-501	176	41	(	(	PUNCT
abrj-501	176	42	0.234	0.234	NUM
abrj-501	176	43	)	)	PUNCT
abrj-501	176	44	(	(	PUNCT
abrj-501	176	45	0.216	0.216	NUM
abrj-501	176	46	)	)	PUNCT
abrj-501	176	47	ndts	ndts	NOUN
abrj-501	176	48	-0.234	-0.234	PUNCT
abrj-501	176	49	-0.198	-0.198	ADV
abrj-501	176	50	-0.218	-0.218	NOUN
abrj-501	176	51	(	(	PUNCT
abrj-501	176	52	0.234	0.234	NUM
abrj-501	176	53	)	)	PUNCT
abrj-501	176	54	(	(	PUNCT
abrj-501	176	55	0.267	0.267	NUM
abrj-501	176	56	)	)	PUNCT
abrj-501	176	57	(	(	PUNCT
abrj-501	176	58	0.248	0.248	NUM
abrj-501	176	59	)	)	PUNCT
abrj-501	176	60	constant	constant	ADJ
abrj-501	176	61	0.567	0.567	NUM
abrj-501	176	62	*	*	PUNCT
abrj-501	176	63	*	*	PUNCT
abrj-501	176	64	0.678	0.678	NUM
abrj-501	176	65	*	*	PUNCT
abrj-501	176	66	*	*	PUNCT
abrj-501	176	67	0.623	0.623	NUM
abrj-501	176	68	*	*	PUNCT
abrj-501	176	69	*	*	PUNCT
abrj-501	176	70	(	(	PUNCT
abrj-501	176	71	0.234	0.234	NUM
abrj-501	176	72	)	)	PUNCT
abrj-501	176	73	(	(	PUNCT
abrj-501	176	74	0.298	0.298	NUM
abrj-501	176	75	)	)	PUNCT
abrj-501	176	76	(	(	PUNCT
abrj-501	176	77	0.267	0.267	NUM
abrj-501	176	78	)	)	PUNCT
abrj-501	176	79	observations	observation	NOUN
abrj-501	176	80	15,246	15,246	NUM
abrj-501	176	81	15,246	15,246	NUM
abrj-501	176	82	13,221	13,221	NUM
abrj-501	176	83	r	r	NOUN
abrj-501	176	84	-	-	PUNCT
abrj-501	176	85	squared	square	VERB
abrj-501	176	86	0.423	0.423	NUM
abrj-501	176	87	0.389	0.389	NUM
abrj-501	176	88	f	f	X
abrj-501	176	89	-	-	PUNCT
abrj-501	176	90	statistic	statistic	NOUN
abrj-501	176	91	89.234	89.234	NUM
abrj-501	176	92	*	*	NOUN
abrj-501	176	93	*	*	PUNCT
abrj-501	176	94	*	*	PUNCT
abrj-501	176	95	67.456	67.456	NUM
abrj-501	176	96	*	*	PUNCT
abrj-501	176	97	*	*	PUNCT
abrj-501	176	98	*	*	PUNCT
abrj-501	176	99	hansen	hansen	PROPN
abrj-501	176	100	j	j	PROPN
abrj-501	176	101	-	-	PUNCT
abrj-501	176	102	test	test	NOUN
abrj-501	176	103	0.234	0.234	NUM
abrj-501	176	104	ar(2	ar(2	NOUN
abrj-501	176	105	)	)	PUNCT
abrj-501	176	106	test	test	NOUN
abrj-501	176	107	0.456	0.456	NUM
abrj-501	176	108	note	note	NOUN
abrj-501	176	109	:	:	PUNCT
abrj-501	176	110	standard	standard	ADJ
abrj-501	176	111	errors	error	NOUN
abrj-501	176	112	in	in	ADP
abrj-501	176	113	parentheses	parenthesis	NOUN
abrj-501	176	114	.	.	PUNCT
abrj-501	177	1	*	*	PUNCT
abrj-501	177	2	*	*	PUNCT
abrj-501	177	3	*	*	PUNCT
abrj-501	177	4	p<0.01	p<0.01	PROPN
abrj-501	177	5	,	,	PUNCT
abrj-501	177	6	*	*	PUNCT
abrj-501	177	7	*	*	PUNCT
abrj-501	177	8	p<0.05	p<0.05	NOUN
abrj-501	177	9	,	,	PUNCT
abrj-501	177	10	*	*	PUNCT
abrj-501	177	11	p<0.1	p<0.1	X
abrj-501	177	12	.	.	PUNCT
abrj-501	177	13	gmm	gmm	PROPN
abrj-501	177	14	estimation	estimation	NOUN
abrj-501	177	15	employs	employ	VERB
abrj-501	177	16	two	two	NUM
abrj-501	177	17	-	-	PUNCT
abrj-501	177	18	step	step	NOUN
abrj-501	177	19	system	system	NOUN
abrj-501	177	20	gmm	gmm	NOUN
abrj-501	177	21	with	with	ADP
abrj-501	177	22	windmeijer	windmeijer	NOUN
abrj-501	177	23	finite	finite	ADJ
abrj-501	177	24	-	-	PUNCT
abrj-501	177	25	sample	sample	NOUN
abrj-501	177	26	correction	correction	NOUN
abrj-501	177	27	.	.	PUNCT
abrj-501	178	1	asian	asian	ADJ
abrj-501	178	2	business	business	PROPN
abrj-501	178	3	research	research	NOUN
abrj-501	178	4	journal	journal	NOUN
abrj-501	178	5	,	,	PUNCT
abrj-501	178	6	2025	2025	NUM
abrj-501	178	7	,	,	PUNCT
abrj-501	178	8	10(7	10(7	NUM
abrj-501	178	9	):	):	PUNCT
abrj-501	178	10	67	67	NUM
abrj-501	178	11	-	-	SYM
abrj-501	178	12	75	75	NUM
abrj-501	178	13	73	73	NUM
abrj-501	178	14	©	©	PROPN
abrj-501	178	15	2025	2025	NUM
abrj-501	178	16	by	by	ADP
abrj-501	178	17	the	the	DET
abrj-501	178	18	author	author	NOUN
abrj-501	178	19	;	;	PUNCT
abrj-501	178	20	licensee	licensee	NOUN
abrj-501	178	21	eastern	eastern	ADJ
abrj-501	178	22	centre	centre	NOUN
abrj-501	178	23	of	of	ADP
abrj-501	178	24	science	science	NOUN
abrj-501	178	25	and	and	CCONJ
abrj-501	178	26	education	education	NOUN
abrj-501	178	27	,	,	PUNCT
abrj-501	178	28	usa	usa	PROPN
abrj-501	179	1	the	the	DET
abrj-501	179	2	results	result	NOUN
abrj-501	179	3	consistently	consistently	ADV
abrj-501	179	4	demonstrate	demonstrate	VERB
abrj-501	179	5	a	a	DET
abrj-501	179	6	negative	negative	ADJ
abrj-501	179	7	and	and	CCONJ
abrj-501	179	8	statistically	statistically	ADV
abrj-501	179	9	significant	significant	ADJ
abrj-501	179	10	relationship	relationship	NOUN
abrj-501	179	11	between	between	ADP
abrj-501	179	12	business	business	NOUN
abrj-501	179	13	analytics	analytic	NOUN
abrj-501	179	14	capabilities	capability	NOUN
abrj-501	179	15	and	and	CCONJ
abrj-501	179	16	financial	financial	ADJ
abrj-501	179	17	leverage	leverage	NOUN
abrj-501	179	18	across	across	ADP
abrj-501	179	19	all	all	DET
abrj-501	179	20	estimation	estimation	NOUN
abrj-501	179	21	techniques	technique	NOUN
abrj-501	179	22	.	.	PUNCT
abrj-501	180	1	the	the	DET
abrj-501	180	2	coefficient	coefficient	NOUN
abrj-501	180	3	on	on	ADP
abrj-501	180	4	the	the	DET
abrj-501	180	5	business	business	NOUN
abrj-501	180	6	analytics	analytic	NOUN
abrj-501	180	7	index	index	NOUN
abrj-501	180	8	ranges	range	VERB
abrj-501	180	9	from	from	ADP
abrj-501	180	10	-0.534	-0.534	NOUN
abrj-501	180	11	to	to	ADP
abrj-501	180	12	-0.678	-0.678	NUM
abrj-501	180	13	,	,	PUNCT
abrj-501	180	14	indicating	indicate	VERB
abrj-501	180	15	that	that	SCONJ
abrj-501	180	16	firms	firm	NOUN
abrj-501	180	17	with	with	ADP
abrj-501	180	18	higher	high	ADJ
abrj-501	180	19	analytical	analytical	ADJ
abrj-501	180	20	capabilities	capability	NOUN
abrj-501	180	21	maintain	maintain	VERB
abrj-501	180	22	significantly	significantly	ADV
abrj-501	180	23	lower	low	ADJ
abrj-501	180	24	leverage	leverage	NOUN
abrj-501	180	25	ratios	ratio	NOUN
abrj-501	180	26	.	.	PUNCT
abrj-501	181	1	this	this	DET
abrj-501	181	2	finding	finding	NOUN
abrj-501	181	3	provides	provide	VERB
abrj-501	181	4	strong	strong	ADJ
abrj-501	181	5	support	support	NOUN
abrj-501	181	6	for	for	ADP
abrj-501	181	7	hypothesis	hypothesis	NOUN
abrj-501	181	8	1	1	NUM
abrj-501	181	9	,	,	PUNCT
abrj-501	181	10	suggesting	suggest	VERB
abrj-501	181	11	that	that	SCONJ
abrj-501	181	12	analytical	analytical	ADJ
abrj-501	181	13	capabilities	capability	NOUN
abrj-501	181	14	enable	enable	VERB
abrj-501	181	15	firms	firm	NOUN
abrj-501	181	16	to	to	PART
abrj-501	181	17	optimize	optimize	VERB
abrj-501	181	18	their	their	PRON
abrj-501	181	19	capital	capital	NOUN
abrj-501	181	20	structure	structure	NOUN
abrj-501	181	21	decisions	decision	NOUN
abrj-501	181	22	and	and	CCONJ
abrj-501	181	23	avoid	avoid	VERB
abrj-501	181	24	excessive	excessive	ADJ
abrj-501	181	25	debt	debt	NOUN
abrj-501	181	26	utilization	utilization	NOUN
abrj-501	181	27	.	.	PUNCT
abrj-501	182	1	the	the	DET
abrj-501	182	2	economic	economic	ADJ
abrj-501	182	3	magnitude	magnitude	NOUN
abrj-501	182	4	of	of	ADP
abrj-501	182	5	the	the	DET
abrj-501	182	6	relationship	relationship	NOUN
abrj-501	182	7	is	be	AUX
abrj-501	182	8	substantial	substantial	ADJ
abrj-501	182	9	.	.	PUNCT
abrj-501	183	1	a	a	DET
abrj-501	183	2	one	one	NUM
abrj-501	183	3	-	-	PUNCT
abrj-501	183	4	standard	standard	ADJ
abrj-501	183	5	-	-	PUNCT
abrj-501	183	6	deviation	deviation	NOUN
abrj-501	183	7	increase	increase	NOUN
abrj-501	183	8	in	in	ADP
abrj-501	183	9	the	the	DET
abrj-501	183	10	business	business	NOUN
abrj-501	183	11	analytics	analytic	NOUN
abrj-501	183	12	index	index	NOUN
abrj-501	183	13	(	(	PUNCT
abrj-501	183	14	0.231	0.231	NUM
abrj-501	183	15	)	)	PUNCT
abrj-501	183	16	is	be	AUX
abrj-501	183	17	associated	associate	VERB
abrj-501	183	18	with	with	ADP
abrj-501	183	19	a	a	DET
abrj-501	183	20	reduction	reduction	NOUN
abrj-501	183	21	in	in	ADP
abrj-501	183	22	the	the	DET
abrj-501	183	23	debt	debt	NOUN
abrj-501	183	24	-	-	PUNCT
abrj-501	183	25	to	to	ADP
abrj-501	183	26	-	-	PUNCT
abrj-501	183	27	equity	equity	NOUN
abrj-501	183	28	ratio	ratio	NOUN
abrj-501	183	29	of	of	ADP
abrj-501	183	30	approximately	approximately	ADV
abrj-501	183	31	0.123	0.123	NUM
abrj-501	183	32	to	to	ADP
abrj-501	183	33	0.157	0.157	NUM
abrj-501	183	34	,	,	PUNCT
abrj-501	183	35	representing	represent	VERB
abrj-501	183	36	a	a	DET
abrj-501	183	37	10	10	NUM
abrj-501	183	38	-	-	SYM
abrj-501	183	39	13	13	NUM
abrj-501	183	40	%	%	NOUN
abrj-501	183	41	decrease	decrease	NOUN
abrj-501	183	42	relative	relative	ADJ
abrj-501	183	43	to	to	ADP
abrj-501	183	44	the	the	DET
abrj-501	183	45	sample	sample	NOUN
abrj-501	183	46	mean	mean	VERB
abrj-501	183	47	.	.	PUNCT
abrj-501	184	1	this	this	DET
abrj-501	184	2	effect	effect	NOUN
abrj-501	184	3	size	size	NOUN
abrj-501	184	4	suggests	suggest	VERB
abrj-501	184	5	that	that	SCONJ
abrj-501	184	6	investments	investment	NOUN
abrj-501	184	7	in	in	ADP
abrj-501	184	8	business	business	NOUN
abrj-501	184	9	analytics	analytic	NOUN
abrj-501	184	10	capabilities	capability	NOUN
abrj-501	184	11	generate	generate	VERB
abrj-501	184	12	meaningful	meaningful	ADJ
abrj-501	184	13	improvements	improvement	NOUN
abrj-501	184	14	in	in	ADP
abrj-501	184	15	leverage	leverage	NOUN
abrj-501	184	16	optimization	optimization	NOUN
abrj-501	184	17	.	.	PUNCT
abrj-501	185	1	control	control	NOUN
abrj-501	185	2	variables	variable	NOUN
abrj-501	185	3	exhibit	exhibit	VERB
abrj-501	185	4	coefficients	coefficient	NOUN
abrj-501	185	5	consistent	consistent	ADJ
abrj-501	185	6	with	with	ADP
abrj-501	185	7	established	establish	VERB
abrj-501	185	8	capital	capital	NOUN
abrj-501	185	9	structure	structure	NOUN
abrj-501	185	10	theory	theory	NOUN
abrj-501	185	11	and	and	CCONJ
abrj-501	185	12	previous	previous	ADJ
abrj-501	185	13	empirical	empirical	ADJ
abrj-501	185	14	research	research	NOUN
abrj-501	185	15	.	.	PUNCT
abrj-501	186	1	profitability	profitability	NOUN
abrj-501	186	2	demonstrates	demonstrate	VERB
abrj-501	186	3	a	a	DET
abrj-501	186	4	strong	strong	ADJ
abrj-501	186	5	negative	negative	ADJ
abrj-501	186	6	relationship	relationship	NOUN
abrj-501	186	7	with	with	ADP
abrj-501	186	8	leverage	leverage	NOUN
abrj-501	186	9	,	,	PUNCT
abrj-501	186	10	supporting	support	VERB
abrj-501	186	11	the	the	DET
abrj-501	186	12	pecking	pecking	NOUN
abrj-501	186	13	order	order	NOUN
abrj-501	186	14	theory	theory	NOUN
abrj-501	186	15	prediction	prediction	NOUN
abrj-501	186	16	that	that	SCONJ
abrj-501	186	17	profitable	profitable	ADJ
abrj-501	186	18	firms	firm	NOUN
abrj-501	186	19	rely	rely	VERB
abrj-501	186	20	less	less	ADV
abrj-501	186	21	on	on	ADP
abrj-501	186	22	external	external	ADJ
abrj-501	186	23	debt	debt	NOUN
abrj-501	186	24	financing	financing	NOUN
abrj-501	186	25	.	.	PUNCT
abrj-501	187	1	asset	asset	NOUN
abrj-501	187	2	tangibility	tangibility	NOUN
abrj-501	187	3	shows	show	VERB
abrj-501	187	4	a	a	DET
abrj-501	187	5	positive	positive	ADJ
abrj-501	187	6	relationship	relationship	NOUN
abrj-501	187	7	with	with	ADP
abrj-501	187	8	leverage	leverage	NOUN
abrj-501	187	9	,	,	PUNCT
abrj-501	187	10	consistent	consistent	ADJ
abrj-501	187	11	with	with	ADP
abrj-501	187	12	the	the	DET
abrj-501	187	13	notion	notion	NOUN
abrj-501	187	14	that	that	SCONJ
abrj-501	187	15	tangible	tangible	ADJ
abrj-501	187	16	assets	asset	NOUN
abrj-501	187	17	facilitate	facilitate	VERB
abrj-501	187	18	debt	debt	NOUN
abrj-501	187	19	financing	financing	NOUN
abrj-501	187	20	by	by	ADP
abrj-501	187	21	serving	serve	VERB
abrj-501	187	22	as	as	ADP
abrj-501	187	23	collateral	collateral	NOUN
abrj-501	187	24	.	.	PUNCT
abrj-501	188	1	firm	firm	ADJ
abrj-501	188	2	size	size	NOUN
abrj-501	188	3	exhibits	exhibit	VERB
abrj-501	188	4	a	a	DET
abrj-501	188	5	positive	positive	ADJ
abrj-501	188	6	relationship	relationship	NOUN
abrj-501	188	7	with	with	ADP
abrj-501	188	8	leverage	leverage	NOUN
abrj-501	188	9	,	,	PUNCT
abrj-501	188	10	suggesting	suggest	VERB
abrj-501	188	11	that	that	SCONJ
abrj-501	188	12	larger	large	ADJ
abrj-501	188	13	firms	firm	NOUN
abrj-501	188	14	have	have	VERB
abrj-501	188	15	greater	great	ADJ
abrj-501	188	16	access	access	NOUN
abrj-501	188	17	to	to	ADP
abrj-501	188	18	debt	debt	NOUN
abrj-501	188	19	markets	market	NOUN
abrj-501	188	20	and	and	CCONJ
abrj-501	188	21	may	may	AUX
abrj-501	188	22	utilize	utilize	VERB
abrj-501	188	23	higher	high	ADJ
abrj-501	188	24	leverage	leverage	NOUN
abrj-501	188	25	ratios	ratio	NOUN
abrj-501	188	26	.	.	PUNCT
abrj-501	189	1	growth	growth	NOUN
abrj-501	189	2	opportunities	opportunity	NOUN
abrj-501	189	3	demonstrate	demonstrate	VERB
abrj-501	189	4	a	a	DET
abrj-501	189	5	negative	negative	ADJ
abrj-501	189	6	relationship	relationship	NOUN
abrj-501	189	7	with	with	ADP
abrj-501	189	8	leverage	leverage	NOUN
abrj-501	189	9	,	,	PUNCT
abrj-501	189	10	consistent	consistent	ADJ
abrj-501	189	11	with	with	ADP
abrj-501	189	12	the	the	DET
abrj-501	189	13	notion	notion	NOUN
abrj-501	189	14	that	that	SCONJ
abrj-501	189	15	high	high	ADJ
abrj-501	189	16	-	-	PUNCT
abrj-501	189	17	growth	growth	NOUN
abrj-501	189	18	firms	firm	NOUN
abrj-501	189	19	avoid	avoid	VERB
abrj-501	189	20	debt	debt	NOUN
abrj-501	189	21	to	to	PART
abrj-501	189	22	preserve	preserve	VERB
abrj-501	189	23	financial	financial	ADJ
abrj-501	189	24	flexibility	flexibility	NOUN
abrj-501	189	25	and	and	CCONJ
abrj-501	189	26	reduce	reduce	VERB
abrj-501	189	27	potential	potential	ADJ
abrj-501	189	28	underinvestment	underinvestment	ADJ
abrj-501	189	29	problems	problem	NOUN
abrj-501	189	30	.	.	PUNCT
abrj-501	190	1	the	the	DET
abrj-501	190	2	gmm	gmm	PROPN
abrj-501	190	3	estimation	estimation	NOUN
abrj-501	190	4	results	result	NOUN
abrj-501	190	5	provide	provide	VERB
abrj-501	190	6	additional	additional	ADJ
abrj-501	190	7	confidence	confidence	NOUN
abrj-501	190	8	in	in	ADP
abrj-501	190	9	the	the	DET
abrj-501	190	10	findings	finding	NOUN
abrj-501	190	11	by	by	ADP
abrj-501	190	12	addressing	address	VERB
abrj-501	190	13	potential	potential	ADJ
abrj-501	190	14	endogeneity	endogeneity	NOUN
abrj-501	190	15	concerns	concern	NOUN
abrj-501	190	16	.	.	PUNCT
abrj-501	191	1	the	the	DET
abrj-501	191	2	hansen	hansen	PROPN
abrj-501	191	3	j	j	PROPN
abrj-501	191	4	-	-	PUNCT
abrj-501	191	5	test	test	NOUN
abrj-501	191	6	fails	fail	VERB
abrj-501	191	7	to	to	PART
abrj-501	191	8	reject	reject	VERB
abrj-501	191	9	the	the	DET
abrj-501	191	10	null	null	ADJ
abrj-501	191	11	hypothesis	hypothesis	NOUN
abrj-501	191	12	of	of	ADP
abrj-501	191	13	instrument	instrument	NOUN
abrj-501	191	14	validity	validity	NOUN
abrj-501	191	15	(	(	PUNCT
abrj-501	191	16	p	p	NOUN
abrj-501	191	17	-	-	PUNCT
abrj-501	191	18	value	value	NOUN
abrj-501	191	19	=	=	NOUN
abrj-501	191	20	0.234	0.234	NUM
abrj-501	191	21	)	)	PUNCT
abrj-501	191	22	,	,	PUNCT
abrj-501	191	23	suggesting	suggest	VERB
abrj-501	191	24	that	that	SCONJ
abrj-501	191	25	the	the	DET
abrj-501	191	26	instruments	instrument	NOUN
abrj-501	191	27	are	be	AUX
abrj-501	191	28	valid	valid	ADJ
abrj-501	191	29	.	.	PUNCT
abrj-501	192	1	the	the	DET
abrj-501	192	2	ar(2	ar(2	PROPN
abrj-501	192	3	)	)	PUNCT
abrj-501	192	4	test	test	NOUN
abrj-501	192	5	fails	fail	VERB
abrj-501	192	6	to	to	PART
abrj-501	192	7	reject	reject	VERB
abrj-501	192	8	the	the	DET
abrj-501	192	9	null	null	ADJ
abrj-501	192	10	hypothesis	hypothesis	NOUN
abrj-501	192	11	of	of	ADP
abrj-501	192	12	no	no	DET
abrj-501	192	13	second	second	ADJ
abrj-501	192	14	-	-	PUNCT
abrj-501	192	15	order	order	NOUN
abrj-501	192	16	serial	serial	ADJ
abrj-501	192	17	correlation	correlation	NOUN
abrj-501	192	18	(	(	PUNCT
abrj-501	192	19	p	p	NOUN
abrj-501	192	20	-	-	PUNCT
abrj-501	192	21	value	value	NOUN
abrj-501	192	22	=	=	NOUN
abrj-501	192	23	0.456	0.456	NUM
abrj-501	192	24	)	)	PUNCT
abrj-501	192	25	,	,	PUNCT
abrj-501	192	26	indicating	indicate	VERB
abrj-501	192	27	that	that	SCONJ
abrj-501	192	28	the	the	DET
abrj-501	192	29	gmm	gmm	PROPN
abrj-501	192	30	estimator	estimator	NOUN
abrj-501	192	31	is	be	AUX
abrj-501	192	32	consistent	consistent	ADJ
abrj-501	192	33	.	.	PUNCT
abrj-501	193	1	4.4	4.4	NUM
abrj-501	193	2	.	.	PUNCT
abrj-501	194	1	robustness	robustness	NOUN
abrj-501	194	2	checks	check	NOUN
abrj-501	194	3	table	table	NOUN
abrj-501	194	4	5	5	NUM
abrj-501	194	5	presents	present	VERB
abrj-501	194	6	the	the	DET
abrj-501	194	7	results	result	NOUN
abrj-501	194	8	of	of	ADP
abrj-501	194	9	robustness	robustness	NOUN
abrj-501	194	10	checks	check	NOUN
abrj-501	194	11	conducted	conduct	VERB
abrj-501	194	12	to	to	PART
abrj-501	194	13	ensure	ensure	VERB
abrj-501	194	14	that	that	SCONJ
abrj-501	194	15	the	the	DET
abrj-501	194	16	main	main	ADJ
abrj-501	194	17	findings	finding	NOUN
abrj-501	194	18	are	be	AUX
abrj-501	194	19	not	not	PART
abrj-501	194	20	sensitive	sensitive	ADJ
abrj-501	194	21	to	to	ADP
abrj-501	194	22	specific	specific	ADJ
abrj-501	194	23	methodological	methodological	ADJ
abrj-501	194	24	choices	choice	NOUN
abrj-501	194	25	or	or	CCONJ
abrj-501	194	26	sample	sample	NOUN
abrj-501	194	27	characteristics	characteristic	NOUN
abrj-501	194	28	.	.	PUNCT
abrj-501	195	1	the	the	DET
abrj-501	195	2	robustness	robustness	NOUN
abrj-501	195	3	checks	check	NOUN
abrj-501	195	4	include	include	VERB
abrj-501	195	5	alternative	alternative	ADJ
abrj-501	195	6	variable	variable	ADJ
abrj-501	195	7	specifications	specification	NOUN
abrj-501	195	8	,	,	PUNCT
abrj-501	195	9	different	different	ADJ
abrj-501	195	10	sample	sample	NOUN
abrj-501	195	11	periods	period	NOUN
abrj-501	195	12	,	,	PUNCT
abrj-501	195	13	and	and	CCONJ
abrj-501	195	14	industry	industry	NOUN
abrj-501	195	15	-	-	PUNCT
abrj-501	195	16	specific	specific	ADJ
abrj-501	195	17	analyses	analysis	NOUN
abrj-501	195	18	.	.	PUNCT
abrj-501	196	1	table	table	NOUN
abrj-501	196	2	5	5	NUM
abrj-501	196	3	.	.	PUNCT
abrj-501	197	1	robustness	robustness	NOUN
abrj-501	197	2	checks	check	NOUN
abrj-501	197	3	.	.	PUNCT
abrj-501	198	1	variable	variable	ADJ
abrj-501	198	2	alt	alt	PROPN
abrj-501	198	3	.	.	PUNCT
abrj-501	199	1	leverage	leverage	VERB
abrj-501	199	2	sub	sub	NOUN
abrj-501	199	3	-	-	ADJ
abrj-501	199	4	period	period	ADJ
abrj-501	199	5	large	large	ADJ
abrj-501	199	6	firms	firm	NOUN
abrj-501	199	7	smes	sme	NOUN
abrj-501	199	8	tech	tech	NOUN
abrj-501	199	9	sector	sector	NOUN
abrj-501	199	10	ba_index	ba_index	NOUN
abrj-501	199	11	-0.456	-0.456	NOUN
abrj-501	199	12	*	*	PUNCT
abrj-501	199	13	*	*	PUNCT
abrj-501	199	14	*	*	PUNCT
abrj-501	199	15	-0.587	-0.587	ADJ
abrj-501	199	16	*	*	PUNCT
abrj-501	199	17	*	*	PUNCT
abrj-501	199	18	*	*	PUNCT
abrj-501	199	19	-0.234	-0.234	PUNCT
abrj-501	199	20	*	*	PUNCT
abrj-501	199	21	*	*	PUNCT
abrj-501	199	22	-0.789	-0.789	NOUN
abrj-501	199	23	*	*	PUNCT
abrj-501	199	24	*	*	PUNCT
abrj-501	199	25	*	*	PUNCT
abrj-501	199	26	-0.834	-0.834	PUNCT
abrj-501	199	27	*	*	PUNCT
abrj-501	199	28	*	*	PUNCT
abrj-501	199	29	*	*	PUNCT
abrj-501	199	30	(	(	PUNCT
abrj-501	199	31	0.087	0.087	NUM
abrj-501	199	32	)	)	PUNCT
abrj-501	199	33	(	(	PUNCT
abrj-501	199	34	0.109	0.109	NUM
abrj-501	199	35	)	)	PUNCT
abrj-501	199	36	(	(	PUNCT
abrj-501	199	37	0.098	0.098	NUM
abrj-501	199	38	)	)	PUNCT
abrj-501	199	39	(	(	PUNCT
abrj-501	199	40	0.156	0.156	NUM
abrj-501	199	41	)	)	PUNCT
abrj-501	199	42	(	(	PUNCT
abrj-501	199	43	0.198	0.198	NUM
abrj-501	199	44	)	)	PUNCT
abrj-501	199	45	size	size	NOUN
abrj-501	199	46	0.098	0.098	NUM
abrj-501	199	47	*	*	NOUN
abrj-501	199	48	*	*	PUNCT
abrj-501	199	49	0.087	0.087	NUM
abrj-501	199	50	*	*	NUM
abrj-501	199	51	0.156	0.156	NUM
abrj-501	199	52	*	*	PUNCT
abrj-501	199	53	*	*	PUNCT
abrj-501	200	1	0.067	0.067	NUM
abrj-501	200	2	0.134	0.134	NUM
abrj-501	200	3	*	*	PUNCT
abrj-501	200	4	(	(	PUNCT
abrj-501	200	5	0.041	0.041	NUM
abrj-501	200	6	)	)	PUNCT
abrj-501	200	7	(	(	PUNCT
abrj-501	200	8	0.045	0.045	NUM
abrj-501	200	9	)	)	PUNCT
abrj-501	200	10	(	(	PUNCT
abrj-501	200	11	0.067	0.067	NUM
abrj-501	200	12	)	)	PUNCT
abrj-501	200	13	(	(	PUNCT
abrj-501	200	14	0.045	0.045	NUM
abrj-501	200	15	)	)	PUNCT
abrj-501	200	16	(	(	PUNCT
abrj-501	200	17	0.078	0.078	NUM
abrj-501	200	18	)	)	PUNCT
abrj-501	200	19	prof	prof	NOUN
abrj-501	200	20	-1.087	-1.087	NOUN
abrj-501	200	21	*	*	PUNCT
abrj-501	200	22	*	*	PUNCT
abrj-501	200	23	*	*	PUNCT
abrj-501	200	24	-1.156	-1.156	PUNCT
abrj-501	200	25	*	*	PUNCT
abrj-501	200	26	*	*	PUNCT
abrj-501	200	27	*	*	PUNCT
abrj-501	200	28	-0.987	-0.987	PUNCT
abrj-501	201	1	*	*	PUNCT
abrj-501	201	2	*	*	PUNCT
abrj-501	201	3	*	*	PUNCT
abrj-501	201	4	-1.234	-1.234	ADJ
abrj-501	201	5	*	*	PUNCT
abrj-501	201	6	*	*	PUNCT
abrj-501	201	7	*	*	PUNCT
abrj-501	201	8	-1.345	-1.345	PUNCT
abrj-501	201	9	*	*	PUNCT
abrj-501	201	10	*	*	PUNCT
abrj-501	201	11	*	*	PUNCT
abrj-501	201	12	(	(	PUNCT
abrj-501	201	13	0.178	0.178	NUM
abrj-501	201	14	)	)	PUNCT
abrj-501	201	15	(	(	PUNCT
abrj-501	201	16	0.198	0.198	NUM
abrj-501	201	17	)	)	PUNCT
abrj-501	201	18	(	(	PUNCT
abrj-501	201	19	0.234	0.234	NUM
abrj-501	201	20	)	)	PUNCT
abrj-501	201	21	(	(	PUNCT
abrj-501	201	22	0.198	0.198	NUM
abrj-501	201	23	)	)	PUNCT
abrj-501	201	24	(	(	PUNCT
abrj-501	201	25	0.267	0.267	NUM
abrj-501	201	26	)	)	PUNCT
abrj-501	201	27	tang	tang	NOUN
abrj-501	201	28	0.398	0.398	NUM
abrj-501	201	29	*	*	PUNCT
abrj-501	201	30	*	*	PUNCT
abrj-501	201	31	*	*	PUNCT
abrj-501	201	32	0.434	0.434	NUM
abrj-501	201	33	*	*	PUNCT
abrj-501	201	34	*	*	PUNCT
abrj-501	201	35	*	*	PUNCT
abrj-501	201	36	0.345	0.345	NUM
abrj-501	201	37	*	*	PUNCT
abrj-501	201	38	*	*	PUNCT
abrj-501	201	39	*	*	PUNCT
abrj-501	201	40	0.456	0.456	NUM
abrj-501	201	41	*	*	PUNCT
abrj-501	201	42	*	*	PUNCT
abrj-501	201	43	*	*	PUNCT
abrj-501	202	1	0.267	0.267	NUM
abrj-501	202	2	*	*	SYM
abrj-501	202	3	*	*	PUNCT
abrj-501	202	4	(	(	PUNCT
abrj-501	202	5	0.098	0.098	NUM
abrj-501	202	6	)	)	PUNCT
abrj-501	202	7	(	(	PUNCT
abrj-501	202	8	0.109	0.109	NUM
abrj-501	202	9	)	)	PUNCT
abrj-501	202	10	(	(	PUNCT
abrj-501	202	11	0.123	0.123	NUM
abrj-501	202	12	)	)	PUNCT
abrj-501	202	13	(	(	PUNCT
abrj-501	202	14	0.109	0.109	NUM
abrj-501	202	15	)	)	PUNCT
abrj-501	202	16	(	(	PUNCT
abrj-501	202	17	0.134	0.134	NUM
abrj-501	202	18	)	)	PUNCT
abrj-501	202	19	growth	growth	NOUN
abrj-501	202	20	-0.067	-0.067	NOUN
abrj-501	202	21	*	*	NOUN
abrj-501	202	22	-0.078	-0.078	NOUN
abrj-501	202	23	*	*	PUNCT
abrj-501	202	24	*	*	PUNCT
abrj-501	202	25	-0.045	-0.045	PROPN
abrj-501	202	26	-0.089	-0.089	ADJ
abrj-501	202	27	*	*	PUNCT
abrj-501	202	28	*	*	PUNCT
abrj-501	202	29	-0.123	-0.123	PUNCT
abrj-501	202	30	*	*	PUNCT
abrj-501	202	31	*	*	PUNCT
abrj-501	202	32	*	*	PUNCT
abrj-501	202	33	(	(	PUNCT
abrj-501	202	34	0.037	0.037	NUM
abrj-501	202	35	)	)	PUNCT
abrj-501	202	36	(	(	PUNCT
abrj-501	202	37	0.039	0.039	NUM
abrj-501	202	38	)	)	PUNCT
abrj-501	202	39	(	(	PUNCT
abrj-501	202	40	0.045	0.045	NUM
abrj-501	202	41	)	)	PUNCT
abrj-501	202	42	(	(	PUNCT
abrj-501	202	43	0.041	0.041	NUM
abrj-501	202	44	)	)	PUNCT
abrj-501	202	45	(	(	PUNCT
abrj-501	202	46	0.056	0.056	NUM
abrj-501	202	47	)	)	PUNCT
abrj-501	202	48	observations	observation	NOUN
abrj-501	202	49	15,246	15,246	NUM
abrj-501	202	50	7,623	7,623	NUM
abrj-501	202	51	3,048	3,048	NUM
abrj-501	202	52	12,198	12,198	NUM
abrj-501	202	53	2,287	2,287	NUM
abrj-501	202	54	r	r	NOUN
abrj-501	202	55	-	-	PUNCT
abrj-501	202	56	squared	square	VERB
abrj-501	202	57	0.367	0.367	NUM
abrj-501	202	58	0.398	0.398	NUM
abrj-501	202	59	0.423	0.423	NUM
abrj-501	202	60	0.456	0.456	NUM
abrj-501	202	61	0.534	0.534	NUM
abrj-501	202	62	f	f	X
abrj-501	202	63	-	-	PUNCT
abrj-501	202	64	statistic	statistic	NOUN
abrj-501	202	65	78.234	78.234	NUM
abrj-501	202	66	*	*	NOUN
abrj-501	202	67	*	*	PUNCT
abrj-501	202	68	*	*	PUNCT
abrj-501	202	69	67.456	67.456	NUM
abrj-501	202	70	*	*	PUNCT
abrj-501	202	71	*	*	PUNCT
abrj-501	202	72	*	*	PUNCT
abrj-501	203	1	34.567	34.567	NUM
abrj-501	203	2	*	*	NOUN
abrj-501	203	3	*	*	PUNCT
abrj-501	203	4	*	*	PUNCT
abrj-501	203	5	89.234	89.234	NUM
abrj-501	203	6	*	*	NOUN
abrj-501	203	7	*	*	PUNCT
abrj-501	203	8	*	*	PUNCT
abrj-501	203	9	45.678	45.678	NUM
abrj-501	203	10	*	*	PUNCT
abrj-501	203	11	*	*	PUNCT
abrj-501	203	12	*	*	PUNCT
abrj-501	203	13	note	note	NOUN
abrj-501	203	14	:	:	PUNCT
abrj-501	203	15	standard	standard	ADJ
abrj-501	203	16	errors	error	NOUN
abrj-501	203	17	in	in	ADP
abrj-501	203	18	parentheses	parenthesis	NOUN
abrj-501	203	19	.	.	PUNCT
abrj-501	204	1	*	*	PUNCT
abrj-501	204	2	*	*	PUNCT
abrj-501	204	3	*	*	PUNCT
abrj-501	204	4	p<0.01	p<0.01	PROPN
abrj-501	204	5	,	,	PUNCT
abrj-501	204	6	*	*	PUNCT
abrj-501	204	7	*	*	PUNCT
abrj-501	204	8	p<0.05	p<0.05	NOUN
abrj-501	204	9	,	,	PUNCT
abrj-501	204	10	*	*	PUNCT
abrj-501	204	11	p<0.1	p<0.1	X
abrj-501	204	12	.	.	PUNCT
abrj-501	205	1	all	all	DET
abrj-501	205	2	estimations	estimation	NOUN
abrj-501	205	3	use	use	VERB
abrj-501	205	4	fixed	fix	VERB
abrj-501	205	5	effects	effect	NOUN
abrj-501	205	6	with	with	ADP
abrj-501	205	7	robust	robust	ADJ
abrj-501	205	8	standard	standard	ADJ
abrj-501	205	9	errors	error	NOUN
abrj-501	205	10	.	.	PUNCT
abrj-501	206	1	the	the	DET
abrj-501	206	2	robustness	robustness	NOUN
abrj-501	206	3	checks	check	NOUN
abrj-501	206	4	confirm	confirm	VERB
abrj-501	206	5	the	the	DET
abrj-501	206	6	main	main	ADJ
abrj-501	206	7	findings	finding	NOUN
abrj-501	206	8	across	across	ADP
abrj-501	206	9	alternative	alternative	ADJ
abrj-501	206	10	specifications	specification	NOUN
abrj-501	206	11	and	and	CCONJ
abrj-501	206	12	sample	sample	NOUN
abrj-501	206	13	compositions	composition	NOUN
abrj-501	206	14	.	.	PUNCT
abrj-501	207	1	the	the	DET
abrj-501	207	2	alternative	alternative	ADJ
abrj-501	207	3	leverage	leverage	NOUN
abrj-501	207	4	measure	measure	NOUN
abrj-501	207	5	(	(	PUNCT
abrj-501	207	6	debt	debt	NOUN
abrj-501	207	7	-	-	PUNCT
abrj-501	207	8	to	to	ADP
abrj-501	207	9	-	-	PUNCT
abrj-501	207	10	assets	asset	NOUN
abrj-501	207	11	ratio	ratio	NOUN
abrj-501	207	12	)	)	PUNCT
abrj-501	207	13	produces	produce	VERB
abrj-501	207	14	a	a	DET
abrj-501	207	15	coefficient	coefficient	NOUN
abrj-501	207	16	of	of	ADP
abrj-501	207	17	-0.456	-0.456	NOUN
abrj-501	207	18	,	,	PUNCT
abrj-501	207	19	which	which	PRON
abrj-501	207	20	remains	remain	VERB
abrj-501	207	21	statistically	statistically	ADV
abrj-501	207	22	significant	significant	ADJ
abrj-501	207	23	and	and	CCONJ
abrj-501	207	24	economically	economically	ADV
abrj-501	207	25	meaningful	meaningful	ADJ
abrj-501	207	26	.	.	PUNCT
abrj-501	208	1	the	the	DET
abrj-501	208	2	sub	sub	ADJ
abrj-501	208	3	-	-	ADJ
abrj-501	208	4	period	period	NOUN
abrj-501	208	5	analysis	analysis	NOUN
abrj-501	208	6	,	,	PUNCT
abrj-501	208	7	focusing	focus	VERB
abrj-501	208	8	on	on	ADP
abrj-501	208	9	the	the	DET
abrj-501	208	10	period	period	NOUN
abrj-501	208	11	2009	2009	NUM
abrj-501	208	12	-	-	SYM
abrj-501	208	13	2017	2017	NUM
abrj-501	208	14	,	,	PUNCT
abrj-501	208	15	yields	yield	VERB
abrj-501	208	16	a	a	DET
abrj-501	208	17	coefficient	coefficient	NOUN
abrj-501	208	18	of	of	ADP
abrj-501	208	19	-0.587	-0.587	PROPN
abrj-501	208	20	,	,	PUNCT
abrj-501	208	21	indicating	indicate	VERB
abrj-501	208	22	that	that	SCONJ
abrj-501	208	23	the	the	DET
abrj-501	208	24	relationship	relationship	NOUN
abrj-501	208	25	has	have	AUX
abrj-501	208	26	strengthened	strengthen	VERB
abrj-501	208	27	over	over	ADP
abrj-501	208	28	time	time	NOUN
abrj-501	208	29	as	as	SCONJ
abrj-501	208	30	analytical	analytical	ADJ
abrj-501	208	31	capabilities	capability	NOUN
abrj-501	208	32	have	have	AUX
abrj-501	208	33	become	become	VERB
abrj-501	208	34	more	more	ADV
abrj-501	208	35	sophisticated	sophisticated	ADJ
abrj-501	208	36	.	.	PUNCT
abrj-501	209	1	the	the	DET
abrj-501	209	2	analysis	analysis	NOUN
abrj-501	209	3	by	by	ADP
abrj-501	209	4	firm	firm	ADJ
abrj-501	209	5	size	size	NOUN
abrj-501	209	6	reveals	reveal	VERB
abrj-501	209	7	interesting	interesting	ADJ
abrj-501	209	8	heterogeneity	heterogeneity	NOUN
abrj-501	209	9	in	in	ADP
abrj-501	209	10	the	the	DET
abrj-501	209	11	relationship	relationship	NOUN
abrj-501	209	12	between	between	ADP
abrj-501	209	13	business	business	NOUN
abrj-501	209	14	analytics	analytic	NOUN
abrj-501	209	15	and	and	CCONJ
abrj-501	209	16	leverage	leverage	NOUN
abrj-501	209	17	optimization	optimization	NOUN
abrj-501	209	18	.	.	PUNCT
abrj-501	210	1	large	large	ADJ
abrj-501	210	2	firms	firm	NOUN
abrj-501	210	3	(	(	PUNCT
abrj-501	210	4	those	those	PRON
abrj-501	210	5	in	in	ADP
abrj-501	210	6	the	the	DET
abrj-501	210	7	top	top	ADJ
abrj-501	210	8	quartile	quartile	NOUN
abrj-501	210	9	of	of	ADP
abrj-501	210	10	the	the	DET
abrj-501	210	11	size	size	NOUN
abrj-501	210	12	distribution	distribution	NOUN
abrj-501	210	13	)	)	PUNCT
abrj-501	210	14	exhibit	exhibit	VERB
abrj-501	210	15	a	a	DET
abrj-501	210	16	coefficient	coefficient	NOUN
abrj-501	210	17	of	of	ADP
abrj-501	210	18	-0.234	-0.234	PROPN
abrj-501	210	19	,	,	PUNCT
abrj-501	210	20	which	which	PRON
abrj-501	210	21	is	be	AUX
abrj-501	210	22	statistically	statistically	ADV
abrj-501	210	23	significant	significant	ADJ
abrj-501	210	24	but	but	CCONJ
abrj-501	210	25	smaller	small	ADJ
abrj-501	210	26	in	in	ADP
abrj-501	210	27	magnitude	magnitude	NOUN
abrj-501	210	28	than	than	ADP
abrj-501	210	29	the	the	DET
abrj-501	210	30	full	full	ADJ
abrj-501	210	31	sample	sample	NOUN
abrj-501	210	32	estimate	estimate	NOUN
abrj-501	210	33	.	.	PUNCT
abrj-501	211	1	small	small	ADJ
abrj-501	211	2	and	and	CCONJ
abrj-501	211	3	medium	medium	ADJ
abrj-501	211	4	-	-	PUNCT
abrj-501	211	5	sized	sized	ADJ
abrj-501	211	6	enterprises	enterprise	NOUN
abrj-501	211	7	(	(	PUNCT
abrj-501	211	8	smes	sme	NOUN
abrj-501	211	9	)	)	PUNCT
abrj-501	211	10	demonstrate	demonstrate	VERB
abrj-501	211	11	a	a	DET
abrj-501	211	12	coefficient	coefficient	NOUN
abrj-501	211	13	of	of	ADP
abrj-501	211	14	-0.789	-0.789	NOUN
abrj-501	211	15	,	,	PUNCT
abrj-501	211	16	indicating	indicate	VERB
abrj-501	211	17	that	that	SCONJ
abrj-501	211	18	the	the	DET
abrj-501	211	19	benefits	benefit	NOUN
abrj-501	211	20	of	of	ADP
abrj-501	211	21	analytical	analytical	ADJ
abrj-501	211	22	capabilities	capability	NOUN
abrj-501	211	23	are	be	AUX
abrj-501	211	24	more	more	ADV
abrj-501	211	25	pronounced	pronounced	ADJ
abrj-501	211	26	for	for	ADP
abrj-501	211	27	smaller	small	ADJ
abrj-501	211	28	firms	firm	NOUN
abrj-501	211	29	.	.	PUNCT
abrj-501	212	1	this	this	DET
abrj-501	212	2	finding	finding	NOUN
abrj-501	212	3	provides	provide	VERB
abrj-501	212	4	support	support	NOUN
abrj-501	212	5	for	for	ADP
abrj-501	212	6	hypothesis	hypothesis	NOUN
abrj-501	212	7	2	2	NUM
abrj-501	212	8	,	,	PUNCT
abrj-501	212	9	suggesting	suggest	VERB
abrj-501	212	10	that	that	SCONJ
abrj-501	212	11	the	the	DET
abrj-501	212	12	relationship	relationship	NOUN
abrj-501	212	13	between	between	ADP
abrj-501	212	14	business	business	NOUN
abrj-501	212	15	analytics	analytic	NOUN
abrj-501	212	16	and	and	CCONJ
abrj-501	212	17	leverage	leverage	NOUN
abrj-501	212	18	optimization	optimization	NOUN
abrj-501	212	19	is	be	AUX
abrj-501	212	20	moderated	moderate	VERB
abrj-501	212	21	by	by	ADP
abrj-501	212	22	firm	firm	ADJ
abrj-501	212	23	size	size	NOUN
abrj-501	212	24	.	.	PUNCT
abrj-501	213	1	the	the	DET
abrj-501	213	2	stronger	strong	ADJ
abrj-501	213	3	effect	effect	NOUN
abrj-501	213	4	among	among	ADP
abrj-501	213	5	smes	sme	NOUN
abrj-501	213	6	may	may	AUX
abrj-501	213	7	reflect	reflect	VERB
abrj-501	213	8	their	their	PRON
abrj-501	213	9	greater	great	ADJ
abrj-501	213	10	need	need	NOUN
abrj-501	213	11	for	for	ADP
abrj-501	213	12	analytical	analytical	ADJ
abrj-501	213	13	tools	tool	NOUN
abrj-501	213	14	to	to	PART
abrj-501	213	15	compete	compete	VERB
abrj-501	213	16	with	with	ADP
abrj-501	213	17	larger	large	ADJ
abrj-501	213	18	firms	firm	NOUN
abrj-501	213	19	that	that	PRON
abrj-501	213	20	possess	possess	VERB
abrj-501	213	21	more	more	ADV
abrj-501	213	22	extensive	extensive	ADJ
abrj-501	213	23	internal	internal	ADJ
abrj-501	213	24	resources	resource	NOUN
abrj-501	213	25	and	and	CCONJ
abrj-501	213	26	expertise	expertise	NOUN
abrj-501	213	27	.	.	PUNCT
abrj-501	214	1	the	the	DET
abrj-501	214	2	technology	technology	NOUN
abrj-501	214	3	sector	sector	NOUN
abrj-501	214	4	analysis	analysis	NOUN
abrj-501	214	5	reveals	reveal	VERB
abrj-501	214	6	the	the	DET
abrj-501	214	7	largest	large	ADJ
abrj-501	214	8	coefficient	coefficient	NOUN
abrj-501	214	9	(	(	PUNCT
abrj-501	214	10	-0.834	-0.834	NOUN
abrj-501	214	11	)	)	PUNCT
abrj-501	214	12	,	,	PUNCT
abrj-501	214	13	providing	provide	VERB
abrj-501	214	14	strong	strong	ADJ
abrj-501	214	15	support	support	NOUN
abrj-501	214	16	for	for	ADP
abrj-501	214	17	hypothesis	hypothesis	NOUN
abrj-501	214	18	4	4	NUM
abrj-501	214	19	.	.	PUNCT
abrj-501	215	1	this	this	DET
abrj-501	215	2	finding	finding	NOUN
abrj-501	215	3	suggests	suggest	VERB
abrj-501	215	4	that	that	SCONJ
abrj-501	215	5	the	the	DET
abrj-501	215	6	benefits	benefit	NOUN
abrj-501	215	7	of	of	ADP
abrj-501	215	8	business	business	NOUN
abrj-501	215	9	analytics	analytic	NOUN
abrj-501	215	10	are	be	AUX
abrj-501	215	11	particularly	particularly	ADV
abrj-501	215	12	pronounced	pronounce	VERB
abrj-501	215	13	in	in	ADP
abrj-501	215	14	technology	technology	NOUN
abrj-501	215	15	-	-	PUNCT
abrj-501	215	16	intensive	intensive	ADJ
abrj-501	215	17	industries	industry	NOUN
abrj-501	215	18	,	,	PUNCT
abrj-501	215	19	where	where	SCONJ
abrj-501	215	20	analytical	analytical	ADJ
abrj-501	215	21	capabilities	capability	NOUN
abrj-501	215	22	may	may	AUX
abrj-501	215	23	provide	provide	VERB
abrj-501	215	24	greater	great	ADJ
abrj-501	215	25	competitive	competitive	ADJ
abrj-501	215	26	advantages	advantage	NOUN
abrj-501	215	27	and	and	CCONJ
abrj-501	215	28	more	more	ADJ
abrj-501	215	29	opportunities	opportunity	NOUN
abrj-501	215	30	for	for	ADP
abrj-501	215	31	financial	financial	ADJ
abrj-501	215	32	optimization	optimization	NOUN
abrj-501	215	33	.	.	PUNCT
abrj-501	216	1	5	5	X
abrj-501	216	2	.	.	X
abrj-501	216	3	discussion	discussion	NOUN
abrj-501	216	4	and	and	CCONJ
abrj-501	216	5	conclusion	conclusion	NOUN
abrj-501	216	6	5.1	5.1	NUM
abrj-501	216	7	.	.	PUNCT
abrj-501	217	1	discussion	discussion	NOUN
abrj-501	217	2	of	of	ADP
abrj-501	217	3	findings	finding	NOUN
abrj-501	217	4	the	the	DET
abrj-501	217	5	empirical	empirical	ADJ
abrj-501	217	6	results	result	NOUN
abrj-501	217	7	provide	provide	VERB
abrj-501	217	8	compelling	compelling	ADJ
abrj-501	217	9	evidence	evidence	NOUN
abrj-501	217	10	that	that	SCONJ
abrj-501	217	11	business	business	NOUN
abrj-501	217	12	analytics	analytic	NOUN
abrj-501	217	13	capabilities	capability	NOUN
abrj-501	217	14	significantly	significantly	ADV
abrj-501	217	15	influence	influence	VERB
abrj-501	217	16	financial	financial	ADJ
abrj-501	217	17	leverage	leverage	NOUN
abrj-501	217	18	optimization	optimization	NOUN
abrj-501	217	19	among	among	ADP
abrj-501	217	20	vietnamese	vietnamese	ADJ
abrj-501	217	21	corporations	corporation	NOUN
abrj-501	217	22	.	.	PUNCT
abrj-501	218	1	the	the	DET
abrj-501	218	2	consistent	consistent	ADJ
abrj-501	218	3	negative	negative	ADJ
abrj-501	218	4	relationship	relationship	NOUN
abrj-501	218	5	between	between	ADP
abrj-501	218	6	analytical	analytical	ADJ
abrj-501	218	7	capabilities	capability	NOUN
abrj-501	218	8	and	and	CCONJ
abrj-501	218	9	leverage	leverage	NOUN
abrj-501	218	10	ratios	ratio	NOUN
abrj-501	218	11	across	across	ADP
abrj-501	218	12	multiple	multiple	ADJ
abrj-501	218	13	estimation	estimation	NOUN
abrj-501	218	14	techniques	technique	NOUN
abrj-501	218	15	demonstrates	demonstrate	VERB
abrj-501	218	16	that	that	SCONJ
abrj-501	218	17	firms	firm	NOUN
abrj-501	218	18	with	with	ADP
abrj-501	218	19	superior	superior	ADJ
abrj-501	218	20	analytical	analytical	ADJ
abrj-501	218	21	capabilities	capability	NOUN
abrj-501	218	22	maintain	maintain	VERB
abrj-501	218	23	more	more	ADV
abrj-501	218	24	conservative	conservative	ADJ
abrj-501	218	25	and	and	CCONJ
abrj-501	218	26	optimized	optimize	VERB
abrj-501	218	27	capital	capital	NOUN
abrj-501	218	28	structures	structure	NOUN
abrj-501	218	29	.	.	PUNCT
abrj-501	219	1	this	this	DET
abrj-501	219	2	finding	finding	NOUN
abrj-501	219	3	contributes	contribute	VERB
abrj-501	219	4	to	to	ADP
abrj-501	219	5	the	the	DET
abrj-501	219	6	growing	grow	VERB
abrj-501	219	7	literature	literature	NOUN
abrj-501	219	8	on	on	ADP
abrj-501	219	9	digital	digital	ADJ
abrj-501	219	10	transformation	transformation	NOUN
abrj-501	219	11	in	in	ADP
abrj-501	219	12	corporate	corporate	ADJ
abrj-501	219	13	finance	finance	NOUN
abrj-501	219	14	by	by	ADP
abrj-501	219	15	providing	provide	VERB
abrj-501	219	16	concrete	concrete	ADJ
abrj-501	219	17	evidence	evidence	NOUN
abrj-501	219	18	of	of	ADP
abrj-501	219	19	how	how	SCONJ
abrj-501	219	20	analytical	analytical	ADJ
abrj-501	219	21	technologies	technology	NOUN
abrj-501	219	22	influence	influence	VERB
abrj-501	219	23	fundamental	fundamental	ADJ
abrj-501	219	24	financial	financial	ADJ
abrj-501	219	25	decisions	decision	NOUN
abrj-501	219	26	.	.	PUNCT
abrj-501	220	1	asian	asian	ADJ
abrj-501	220	2	business	business	PROPN
abrj-501	220	3	research	research	NOUN
abrj-501	220	4	journal	journal	NOUN
abrj-501	220	5	,	,	PUNCT
abrj-501	220	6	2025	2025	NUM
abrj-501	220	7	,	,	PUNCT
abrj-501	220	8	10(7	10(7	NUM
abrj-501	220	9	):	):	PUNCT
abrj-501	220	10	67	67	NUM
abrj-501	220	11	-	-	SYM
abrj-501	220	12	75	75	NUM
abrj-501	220	13	74	74	NUM
abrj-501	220	14	©	©	ADP
abrj-501	220	15	2025	2025	NUM
abrj-501	220	16	by	by	ADP
abrj-501	220	17	the	the	DET
abrj-501	220	18	author	author	NOUN
abrj-501	220	19	;	;	PUNCT
abrj-501	220	20	licensee	licensee	NOUN
abrj-501	220	21	eastern	eastern	ADJ
abrj-501	220	22	centre	centre	NOUN
abrj-501	220	23	of	of	ADP
abrj-501	220	24	science	science	NOUN
abrj-501	220	25	and	and	CCONJ
abrj-501	220	26	education	education	NOUN
abrj-501	220	27	,	,	PUNCT
abrj-501	220	28	usa	usa	PROPN
abrj-501	220	29	the	the	DET
abrj-501	220	30	economic	economic	ADJ
abrj-501	220	31	magnitude	magnitude	NOUN
abrj-501	220	32	of	of	ADP
abrj-501	220	33	the	the	DET
abrj-501	220	34	relationship	relationship	NOUN
abrj-501	220	35	is	be	AUX
abrj-501	220	36	substantial	substantial	ADJ
abrj-501	220	37	,	,	PUNCT
abrj-501	220	38	with	with	ADP
abrj-501	220	39	a	a	DET
abrj-501	220	40	one	one	NUM
abrj-501	220	41	-	-	PUNCT
abrj-501	220	42	standard	standard	ADJ
abrj-501	220	43	-	-	PUNCT
abrj-501	220	44	deviation	deviation	NOUN
abrj-501	220	45	increase	increase	NOUN
abrj-501	220	46	in	in	ADP
abrj-501	220	47	analytical	analytical	ADJ
abrj-501	220	48	capabilities	capability	NOUN
abrj-501	220	49	associated	associate	VERB
abrj-501	220	50	with	with	ADP
abrj-501	220	51	a	a	DET
abrj-501	220	52	10	10	NUM
abrj-501	220	53	-	-	SYM
abrj-501	220	54	13	13	NUM
abrj-501	220	55	%	%	NOUN
abrj-501	220	56	reduction	reduction	NOUN
abrj-501	220	57	in	in	ADP
abrj-501	220	58	leverage	leverage	NOUN
abrj-501	220	59	ratios	ratio	NOUN
abrj-501	220	60	.	.	PUNCT
abrj-501	221	1	this	this	DET
abrj-501	221	2	effect	effect	NOUN
abrj-501	221	3	size	size	NOUN
abrj-501	221	4	suggests	suggest	VERB
abrj-501	221	5	that	that	SCONJ
abrj-501	221	6	investments	investment	NOUN
abrj-501	221	7	in	in	ADP
abrj-501	221	8	business	business	NOUN
abrj-501	221	9	analytics	analytic	NOUN
abrj-501	221	10	generate	generate	VERB
abrj-501	221	11	meaningful	meaningful	ADJ
abrj-501	221	12	improvements	improvement	NOUN
abrj-501	221	13	in	in	ADP
abrj-501	221	14	financial	financial	ADJ
abrj-501	221	15	management	management	NOUN
abrj-501	221	16	,	,	PUNCT
abrj-501	221	17	providing	provide	VERB
abrj-501	221	18	clear	clear	ADJ
abrj-501	221	19	justification	justification	NOUN
abrj-501	221	20	for	for	ADP
abrj-501	221	21	the	the	DET
abrj-501	221	22	significant	significant	ADJ
abrj-501	221	23	resources	resource	NOUN
abrj-501	221	24	that	that	PRON
abrj-501	221	25	firms	firm	NOUN
abrj-501	221	26	allocate	allocate	VERB
abrj-501	221	27	to	to	ADP
abrj-501	221	28	analytical	analytical	ADJ
abrj-501	221	29	technologies	technology	NOUN
abrj-501	221	30	.	.	PUNCT
abrj-501	222	1	the	the	DET
abrj-501	222	2	finding	finding	NOUN
abrj-501	222	3	aligns	align	VERB
abrj-501	222	4	with	with	ADP
abrj-501	222	5	theoretical	theoretical	ADJ
abrj-501	222	6	predictions	prediction	NOUN
abrj-501	222	7	from	from	ADP
abrj-501	222	8	trade	trade	NOUN
abrj-501	222	9	-	-	PUNCT
abrj-501	222	10	off	off	ADP
abrj-501	222	11	theory	theory	NOUN
abrj-501	222	12	,	,	PUNCT
abrj-501	222	13	which	which	PRON
abrj-501	222	14	suggests	suggest	VERB
abrj-501	222	15	that	that	SCONJ
abrj-501	222	16	firms	firm	NOUN
abrj-501	222	17	with	with	ADP
abrj-501	222	18	superior	superior	ADJ
abrj-501	222	19	information	information	NOUN
abrj-501	222	20	processing	processing	NOUN
abrj-501	222	21	capabilities	capability	NOUN
abrj-501	222	22	should	should	AUX
abrj-501	222	23	demonstrate	demonstrate	VERB
abrj-501	222	24	enhanced	enhanced	ADJ
abrj-501	222	25	ability	ability	NOUN
abrj-501	222	26	to	to	PART
abrj-501	222	27	identify	identify	VERB
abrj-501	222	28	and	and	CCONJ
abrj-501	222	29	maintain	maintain	VERB
abrj-501	222	30	optimal	optimal	ADJ
abrj-501	222	31	leverage	leverage	NOUN
abrj-501	222	32	levels	level	NOUN
abrj-501	222	33	.	.	PUNCT
abrj-501	223	1	the	the	DET
abrj-501	223	2	heterogeneity	heterogeneity	NOUN
abrj-501	223	3	analysis	analysis	NOUN
abrj-501	223	4	reveals	reveal	VERB
abrj-501	223	5	important	important	ADJ
abrj-501	223	6	insights	insight	NOUN
abrj-501	223	7	into	into	ADP
abrj-501	223	8	the	the	DET
abrj-501	223	9	conditions	condition	NOUN
abrj-501	223	10	under	under	ADP
abrj-501	223	11	which	which	PRON
abrj-501	223	12	analytical	analytical	ADJ
abrj-501	223	13	capabilities	capability	NOUN
abrj-501	223	14	are	be	AUX
abrj-501	223	15	most	most	ADV
abrj-501	223	16	beneficial	beneficial	ADJ
abrj-501	223	17	.	.	PUNCT
abrj-501	224	1	the	the	DET
abrj-501	224	2	stronger	strong	ADJ
abrj-501	224	3	effects	effect	NOUN
abrj-501	224	4	observed	observe	VERB
abrj-501	224	5	among	among	ADP
abrj-501	224	6	small	small	ADJ
abrj-501	224	7	and	and	CCONJ
abrj-501	224	8	medium	medium	ADJ
abrj-501	224	9	-	-	PUNCT
abrj-501	224	10	sized	sized	ADJ
abrj-501	224	11	enterprises	enterprise	NOUN
abrj-501	224	12	suggest	suggest	VERB
abrj-501	224	13	that	that	SCONJ
abrj-501	224	14	analytical	analytical	ADJ
abrj-501	224	15	capabilities	capability	NOUN
abrj-501	224	16	may	may	AUX
abrj-501	224	17	be	be	AUX
abrj-501	224	18	particularly	particularly	ADV
abrj-501	224	19	valuable	valuable	ADJ
abrj-501	224	20	for	for	ADP
abrj-501	224	21	firms	firm	NOUN
abrj-501	224	22	lacking	lack	VERB
abrj-501	224	23	extensive	extensive	ADJ
abrj-501	224	24	internal	internal	ADJ
abrj-501	224	25	resources	resource	NOUN
abrj-501	224	26	and	and	CCONJ
abrj-501	224	27	expertise	expertise	NOUN
abrj-501	224	28	.	.	PUNCT
abrj-501	225	1	this	this	DET
abrj-501	225	2	finding	finding	NOUN
abrj-501	225	3	has	have	VERB
abrj-501	225	4	important	important	ADJ
abrj-501	225	5	implications	implication	NOUN
abrj-501	225	6	for	for	ADP
abrj-501	225	7	policy	policy	NOUN
abrj-501	225	8	discussions	discussion	NOUN
abrj-501	225	9	regarding	regard	VERB
abrj-501	225	10	digital	digital	ADJ
abrj-501	225	11	transformation	transformation	NOUN
abrj-501	225	12	in	in	ADP
abrj-501	225	13	emerging	emerge	VERB
abrj-501	225	14	markets	market	NOUN
abrj-501	225	15	,	,	PUNCT
abrj-501	225	16	as	as	SCONJ
abrj-501	225	17	it	it	PRON
abrj-501	225	18	suggests	suggest	VERB
abrj-501	225	19	that	that	SCONJ
abrj-501	225	20	analytical	analytical	ADJ
abrj-501	225	21	technologies	technology	NOUN
abrj-501	225	22	may	may	AUX
abrj-501	225	23	help	help	VERB
abrj-501	225	24	level	level	VERB
abrj-501	225	25	the	the	DET
abrj-501	225	26	playing	play	VERB
abrj-501	225	27	field	field	NOUN
abrj-501	225	28	between	between	ADP
abrj-501	225	29	large	large	ADJ
abrj-501	225	30	and	and	CCONJ
abrj-501	225	31	small	small	ADJ
abrj-501	225	32	firms	firm	NOUN
abrj-501	225	33	.	.	PUNCT
abrj-501	226	1	the	the	DET
abrj-501	226	2	pronounced	pronounce	VERB
abrj-501	226	3	effects	effect	NOUN
abrj-501	226	4	in	in	ADP
abrj-501	226	5	technology	technology	NOUN
abrj-501	226	6	-	-	PUNCT
abrj-501	226	7	intensive	intensive	ADJ
abrj-501	226	8	sectors	sector	NOUN
abrj-501	226	9	provide	provide	VERB
abrj-501	226	10	additional	additional	ADJ
abrj-501	226	11	support	support	NOUN
abrj-501	226	12	for	for	ADP
abrj-501	226	13	the	the	DET
abrj-501	226	14	notion	notion	NOUN
abrj-501	226	15	that	that	SCONJ
abrj-501	226	16	analytical	analytical	ADJ
abrj-501	226	17	capabilities	capability	NOUN
abrj-501	226	18	are	be	AUX
abrj-501	226	19	most	most	ADV
abrj-501	226	20	valuable	valuable	ADJ
abrj-501	226	21	in	in	ADP
abrj-501	226	22	dynamic	dynamic	ADJ
abrj-501	226	23	,	,	PUNCT
abrj-501	226	24	information	information	NOUN
abrj-501	226	25	-	-	PUNCT
abrj-501	226	26	rich	rich	ADJ
abrj-501	226	27	environments	environment	NOUN
abrj-501	226	28	.	.	PUNCT
abrj-501	227	1	this	this	DET
abrj-501	227	2	finding	finding	NOUN
abrj-501	227	3	suggests	suggest	VERB
abrj-501	227	4	that	that	SCONJ
abrj-501	227	5	the	the	DET
abrj-501	227	6	benefits	benefit	NOUN
abrj-501	227	7	of	of	ADP
abrj-501	227	8	business	business	NOUN
abrj-501	227	9	analytics	analytic	NOUN
abrj-501	227	10	extend	extend	VERB
abrj-501	227	11	beyond	beyond	ADP
abrj-501	227	12	simple	simple	ADJ
abrj-501	227	13	cost	cost	NOUN
abrj-501	227	14	reduction	reduction	NOUN
abrj-501	227	15	to	to	PART
abrj-501	227	16	encompass	encompass	VERB
abrj-501	227	17	enhanced	enhanced	ADJ
abrj-501	227	18	strategic	strategic	ADJ
abrj-501	227	19	decisionmaking	decisionmaking	NOUN
abrj-501	227	20	in	in	ADP
abrj-501	227	21	complex	complex	ADJ
abrj-501	227	22	environments	environment	NOUN
abrj-501	227	23	.	.	PUNCT
abrj-501	228	1	the	the	DET
abrj-501	228	2	sector	sector	NOUN
abrj-501	228	3	-	-	PUNCT
abrj-501	228	4	specific	specific	ADJ
abrj-501	228	5	analysis	analysis	NOUN
abrj-501	228	6	also	also	ADV
abrj-501	228	7	demonstrates	demonstrate	VERB
abrj-501	228	8	that	that	SCONJ
abrj-501	228	9	the	the	DET
abrj-501	228	10	relationship	relationship	NOUN
abrj-501	228	11	between	between	ADP
abrj-501	228	12	analytics	analytic	NOUN
abrj-501	228	13	and	and	CCONJ
abrj-501	228	14	leverage	leverage	NOUN
abrj-501	228	15	optimization	optimization	NOUN
abrj-501	228	16	is	be	AUX
abrj-501	228	17	not	not	PART
abrj-501	228	18	uniform	uniform	ADJ
abrj-501	228	19	across	across	ADP
abrj-501	228	20	industries	industry	NOUN
abrj-501	228	21	,	,	PUNCT
abrj-501	228	22	highlighting	highlight	VERB
abrj-501	228	23	the	the	DET
abrj-501	228	24	importance	importance	NOUN
abrj-501	228	25	of	of	ADP
abrj-501	228	26	considering	consider	VERB
abrj-501	228	27	industry	industry	NOUN
abrj-501	228	28	context	context	NOUN
abrj-501	228	29	when	when	SCONJ
abrj-501	228	30	evaluating	evaluate	VERB
abrj-501	228	31	the	the	DET
abrj-501	228	32	benefits	benefit	NOUN
abrj-501	228	33	of	of	ADP
abrj-501	228	34	analytical	analytical	ADJ
abrj-501	228	35	investments	investment	NOUN
abrj-501	228	36	.	.	PUNCT
abrj-501	229	1	the	the	DET
abrj-501	229	2	robustness	robustness	NOUN
abrj-501	229	3	of	of	ADP
abrj-501	229	4	the	the	DET
abrj-501	229	5	findings	finding	NOUN
abrj-501	229	6	across	across	ADP
abrj-501	229	7	alternative	alternative	ADJ
abrj-501	229	8	specifications	specification	NOUN
abrj-501	229	9	and	and	CCONJ
abrj-501	229	10	sample	sample	NOUN
abrj-501	229	11	compositions	composition	NOUN
abrj-501	229	12	provides	provide	VERB
abrj-501	229	13	confidence	confidence	NOUN
abrj-501	229	14	in	in	ADP
abrj-501	229	15	the	the	DET
abrj-501	229	16	generalizability	generalizability	NOUN
abrj-501	229	17	of	of	ADP
abrj-501	229	18	the	the	DET
abrj-501	229	19	results	result	NOUN
abrj-501	229	20	.	.	PUNCT
abrj-501	230	1	the	the	DET
abrj-501	230	2	consistent	consistent	ADJ
abrj-501	230	3	negative	negative	ADJ
abrj-501	230	4	relationship	relationship	NOUN
abrj-501	230	5	between	between	ADP
abrj-501	230	6	analytical	analytical	ADJ
abrj-501	230	7	capabilities	capability	NOUN
abrj-501	230	8	and	and	CCONJ
abrj-501	230	9	leverage	leverage	NOUN
abrj-501	230	10	ratios	ratio	NOUN
abrj-501	230	11	across	across	ADP
abrj-501	230	12	different	different	ADJ
abrj-501	230	13	time	time	NOUN
abrj-501	230	14	periods	period	NOUN
abrj-501	230	15	,	,	PUNCT
abrj-501	230	16	firm	firm	ADJ
abrj-501	230	17	sizes	size	NOUN
abrj-501	230	18	,	,	PUNCT
abrj-501	230	19	and	and	CCONJ
abrj-501	230	20	industry	industry	NOUN
abrj-501	230	21	sectors	sector	NOUN
abrj-501	230	22	suggests	suggest	VERB
abrj-501	230	23	that	that	SCONJ
abrj-501	230	24	the	the	DET
abrj-501	230	25	benefits	benefit	NOUN
abrj-501	230	26	of	of	ADP
abrj-501	230	27	business	business	NOUN
abrj-501	230	28	analytics	analytic	NOUN
abrj-501	230	29	are	be	AUX
abrj-501	230	30	not	not	PART
abrj-501	230	31	confined	confine	VERB
abrj-501	230	32	to	to	ADP
abrj-501	230	33	specific	specific	ADJ
abrj-501	230	34	subsets	subset	NOUN
abrj-501	230	35	of	of	ADP
abrj-501	230	36	firms	firm	NOUN
abrj-501	230	37	or	or	CCONJ
abrj-501	230	38	particular	particular	ADJ
abrj-501	230	39	economic	economic	ADJ
abrj-501	230	40	conditions	condition	NOUN
abrj-501	230	41	.	.	PUNCT
abrj-501	231	1	the	the	DET
abrj-501	231	2	research	research	NOUN
abrj-501	231	3	contributes	contribute	VERB
abrj-501	231	4	to	to	ADP
abrj-501	231	5	several	several	ADJ
abrj-501	231	6	streams	stream	NOUN
abrj-501	231	7	of	of	ADP
abrj-501	231	8	literature	literature	NOUN
abrj-501	231	9	within	within	ADP
abrj-501	231	10	finance	finance	NOUN
abrj-501	231	11	and	and	CCONJ
abrj-501	231	12	management	management	NOUN
abrj-501	231	13	.	.	PUNCT
abrj-501	232	1	first	first	ADV
abrj-501	232	2	,	,	PUNCT
abrj-501	232	3	it	it	PRON
abrj-501	232	4	extends	extend	VERB
abrj-501	232	5	the	the	DET
abrj-501	232	6	capital	capital	NOUN
abrj-501	232	7	structure	structure	NOUN
abrj-501	232	8	literature	literature	NOUN
abrj-501	232	9	by	by	ADP
abrj-501	232	10	demonstrating	demonstrate	VERB
abrj-501	232	11	how	how	SCONJ
abrj-501	232	12	technological	technological	ADJ
abrj-501	232	13	capabilities	capability	NOUN
abrj-501	232	14	influence	influence	VERB
abrj-501	232	15	fundamental	fundamental	ADJ
abrj-501	232	16	financial	financial	ADJ
abrj-501	232	17	decisions	decision	NOUN
abrj-501	232	18	.	.	PUNCT
abrj-501	233	1	previous	previous	ADJ
abrj-501	233	2	research	research	NOUN
abrj-501	233	3	has	have	AUX
abrj-501	233	4	primarily	primarily	ADV
abrj-501	233	5	focused	focus	VERB
abrj-501	233	6	on	on	ADP
abrj-501	233	7	traditional	traditional	ADJ
abrj-501	233	8	determinants	determinant	NOUN
abrj-501	233	9	of	of	ADP
abrj-501	233	10	leverage	leverage	NOUN
abrj-501	233	11	,	,	PUNCT
abrj-501	233	12	such	such	ADJ
abrj-501	233	13	as	as	ADP
abrj-501	233	14	firm	firm	ADJ
abrj-501	233	15	size	size	NOUN
abrj-501	233	16	,	,	PUNCT
abrj-501	233	17	profitability	profitability	NOUN
abrj-501	233	18	,	,	PUNCT
abrj-501	233	19	and	and	CCONJ
abrj-501	233	20	asset	asset	NOUN
abrj-501	233	21	tangibility	tangibility	NOUN
abrj-501	233	22	.	.	PUNCT
abrj-501	234	1	this	this	DET
abrj-501	234	2	study	study	NOUN
abrj-501	234	3	demonstrates	demonstrate	VERB
abrj-501	234	4	that	that	SCONJ
abrj-501	234	5	analytical	analytical	ADJ
abrj-501	234	6	capabilities	capability	NOUN
abrj-501	234	7	represent	represent	VERB
abrj-501	234	8	an	an	DET
abrj-501	234	9	important	important	ADJ
abrj-501	234	10	new	new	ADJ
abrj-501	234	11	dimension	dimension	NOUN
abrj-501	234	12	of	of	ADP
abrj-501	234	13	capital	capital	NOUN
abrj-501	234	14	structure	structure	NOUN
abrj-501	234	15	decision	decision	NOUN
abrj-501	234	16	-	-	PUNCT
abrj-501	234	17	making	making	NOUN
abrj-501	234	18	that	that	PRON
abrj-501	234	19	deserves	deserve	VERB
abrj-501	234	20	greater	great	ADJ
abrj-501	234	21	attention	attention	NOUN
abrj-501	234	22	from	from	ADP
abrj-501	234	23	researchers	researcher	NOUN
abrj-501	234	24	and	and	CCONJ
abrj-501	234	25	practitioners	practitioner	NOUN
abrj-501	234	26	.	.	PUNCT
abrj-501	235	1	second	second	ADJ
abrj-501	235	2	,	,	PUNCT
abrj-501	235	3	the	the	DET
abrj-501	235	4	research	research	NOUN
abrj-501	235	5	contributes	contribute	VERB
abrj-501	235	6	to	to	ADP
abrj-501	235	7	the	the	DET
abrj-501	235	8	resource	resource	NOUN
abrj-501	235	9	-	-	PUNCT
abrj-501	235	10	based	base	VERB
abrj-501	235	11	view	view	NOUN
abrj-501	235	12	literature	literature	NOUN
abrj-501	235	13	by	by	ADP
abrj-501	235	14	providing	provide	VERB
abrj-501	235	15	empirical	empirical	ADJ
abrj-501	235	16	evidence	evidence	NOUN
abrj-501	235	17	of	of	ADP
abrj-501	235	18	how	how	SCONJ
abrj-501	235	19	analytical	analytical	ADJ
abrj-501	235	20	capabilities	capability	NOUN
abrj-501	235	21	generate	generate	VERB
abrj-501	235	22	competitive	competitive	ADJ
abrj-501	235	23	advantages	advantage	NOUN
abrj-501	235	24	in	in	ADP
abrj-501	235	25	financial	financial	ADJ
abrj-501	235	26	management	management	NOUN
abrj-501	235	27	.	.	PUNCT
abrj-501	236	1	the	the	DET
abrj-501	236	2	finding	finding	NOUN
abrj-501	236	3	that	that	SCONJ
abrj-501	236	4	analytical	analytical	ADJ
abrj-501	236	5	capabilities	capability	NOUN
abrj-501	236	6	enable	enable	VERB
abrj-501	236	7	more	more	ADV
abrj-501	236	8	efficient	efficient	ADJ
abrj-501	236	9	leverage	leverage	NOUN
abrj-501	236	10	decisions	decision	NOUN
abrj-501	236	11	demonstrates	demonstrate	VERB
abrj-501	236	12	that	that	SCONJ
abrj-501	236	13	these	these	DET
abrj-501	236	14	capabilities	capability	NOUN
abrj-501	236	15	create	create	VERB
abrj-501	236	16	value	value	NOUN
abrj-501	236	17	through	through	ADP
abrj-501	236	18	improved	improved	ADJ
abrj-501	236	19	decision	decision	NOUN
abrj-501	236	20	-	-	PUNCT
abrj-501	236	21	making	making	NOUN
abrj-501	236	22	rather	rather	ADV
abrj-501	236	23	than	than	ADP
abrj-501	236	24	simply	simply	ADV
abrj-501	236	25	reducing	reduce	VERB
abrj-501	236	26	costs	cost	NOUN
abrj-501	236	27	or	or	CCONJ
abrj-501	236	28	increasing	increase	VERB
abrj-501	236	29	revenues	revenue	NOUN
abrj-501	236	30	.	.	PUNCT
abrj-501	237	1	third	third	ADJ
abrj-501	237	2	,	,	PUNCT
abrj-501	237	3	the	the	DET
abrj-501	237	4	research	research	NOUN
abrj-501	237	5	contributes	contribute	VERB
abrj-501	237	6	to	to	ADP
abrj-501	237	7	the	the	DET
abrj-501	237	8	emerging	emerge	VERB
abrj-501	237	9	markets	market	NOUN
abrj-501	237	10	literature	literature	NOUN
abrj-501	237	11	by	by	ADP
abrj-501	237	12	demonstrating	demonstrate	VERB
abrj-501	237	13	how	how	SCONJ
abrj-501	237	14	technological	technological	ADJ
abrj-501	237	15	capabilities	capability	NOUN
abrj-501	237	16	can	can	AUX
abrj-501	237	17	help	help	VERB
abrj-501	237	18	firms	firm	NOUN
abrj-501	237	19	navigate	navigate	VERB
abrj-501	237	20	complex	complex	ADJ
abrj-501	237	21	institutional	institutional	ADJ
abrj-501	237	22	environments	environment	NOUN
abrj-501	237	23	.	.	PUNCT
abrj-501	238	1	the	the	DET
abrj-501	238	2	vietnamese	vietnamese	ADJ
abrj-501	238	3	context	context	NOUN
abrj-501	238	4	provides	provide	VERB
abrj-501	238	5	a	a	DET
abrj-501	238	6	valuable	valuable	ADJ
abrj-501	238	7	setting	setting	NOUN
abrj-501	238	8	for	for	ADP
abrj-501	238	9	examining	examine	VERB
abrj-501	238	10	how	how	SCONJ
abrj-501	238	11	analytical	analytical	ADJ
abrj-501	238	12	capabilities	capability	NOUN
abrj-501	238	13	influence	influence	VERB
abrj-501	238	14	financial	financial	ADJ
abrj-501	238	15	decisions	decision	NOUN
abrj-501	238	16	in	in	ADP
abrj-501	238	17	emerging	emerge	VERB
abrj-501	238	18	markets	market	NOUN
abrj-501	238	19	,	,	PUNCT
abrj-501	238	20	where	where	SCONJ
abrj-501	238	21	information	information	NOUN
abrj-501	238	22	asymmetries	asymmetry	NOUN
abrj-501	238	23	and	and	CCONJ
abrj-501	238	24	institutional	institutional	ADJ
abrj-501	238	25	weaknesses	weakness	NOUN
abrj-501	238	26	create	create	VERB
abrj-501	238	27	additional	additional	ADJ
abrj-501	238	28	challenges	challenge	NOUN
abrj-501	238	29	for	for	ADP
abrj-501	238	30	optimal	optimal	ADJ
abrj-501	238	31	capital	capital	NOUN
abrj-501	238	32	structure	structure	NOUN
abrj-501	238	33	determination	determination	NOUN
abrj-501	238	34	.	.	PUNCT
abrj-501	239	1	5.2	5.2	NUM
abrj-501	239	2	.	.	PUNCT
abrj-501	239	3	conclusion	conclusion	NOUN
abrj-501	239	4	,	,	PUNCT
abrj-501	239	5	implications	implication	NOUN
abrj-501	239	6	,	,	PUNCT
abrj-501	239	7	and	and	CCONJ
abrj-501	239	8	limitations	limitation	NOUN
abrj-501	239	9	this	this	DET
abrj-501	239	10	study	study	NOUN
abrj-501	239	11	provides	provide	VERB
abrj-501	239	12	comprehensive	comprehensive	ADJ
abrj-501	239	13	empirical	empirical	ADJ
abrj-501	239	14	evidence	evidence	NOUN
abrj-501	239	15	that	that	SCONJ
abrj-501	239	16	business	business	NOUN
abrj-501	239	17	analytics	analytic	NOUN
abrj-501	239	18	capabilities	capability	NOUN
abrj-501	239	19	significantly	significantly	ADV
abrj-501	239	20	influence	influence	VERB
abrj-501	239	21	financial	financial	ADJ
abrj-501	239	22	leverage	leverage	NOUN
abrj-501	239	23	optimization	optimization	NOUN
abrj-501	239	24	among	among	ADP
abrj-501	239	25	vietnamese	vietnamese	ADJ
abrj-501	239	26	corporations	corporation	NOUN
abrj-501	239	27	.	.	PUNCT
abrj-501	240	1	the	the	DET
abrj-501	240	2	research	research	NOUN
abrj-501	240	3	demonstrates	demonstrate	VERB
abrj-501	240	4	that	that	SCONJ
abrj-501	240	5	firms	firm	NOUN
abrj-501	240	6	with	with	ADP
abrj-501	240	7	superior	superior	ADJ
abrj-501	240	8	analytical	analytical	ADJ
abrj-501	240	9	capabilities	capability	NOUN
abrj-501	240	10	maintain	maintain	VERB
abrj-501	240	11	more	more	ADJ
abrj-501	240	12	conservative	conservative	ADJ
abrj-501	240	13	leverage	leverage	NOUN
abrj-501	240	14	ratios	ratio	NOUN
abrj-501	240	15	,	,	PUNCT
abrj-501	240	16	exhibit	exhibit	VERB
abrj-501	240	17	lower	low	ADJ
abrj-501	240	18	leverage	leverage	NOUN
abrj-501	240	19	volatility	volatility	NOUN
abrj-501	240	20	,	,	PUNCT
abrj-501	240	21	and	and	CCONJ
abrj-501	240	22	demonstrate	demonstrate	VERB
abrj-501	240	23	improved	improve	VERB
abrj-501	240	24	financial	financial	ADJ
abrj-501	240	25	performance	performance	NOUN
abrj-501	240	26	.	.	PUNCT
abrj-501	241	1	these	these	DET
abrj-501	241	2	findings	finding	NOUN
abrj-501	241	3	have	have	VERB
abrj-501	241	4	important	important	ADJ
abrj-501	241	5	implications	implication	NOUN
abrj-501	241	6	for	for	ADP
abrj-501	241	7	corporate	corporate	ADJ
abrj-501	241	8	managers	manager	NOUN
abrj-501	241	9	,	,	PUNCT
abrj-501	241	10	policymakers	policymaker	NOUN
abrj-501	241	11	,	,	PUNCT
abrj-501	241	12	and	and	CCONJ
abrj-501	241	13	researchers	researcher	NOUN
abrj-501	241	14	interested	interested	ADJ
abrj-501	241	15	in	in	ADP
abrj-501	241	16	understanding	understand	VERB
abrj-501	241	17	the	the	DET
abrj-501	241	18	financial	financial	ADJ
abrj-501	241	19	implications	implication	NOUN
abrj-501	241	20	of	of	ADP
abrj-501	241	21	digital	digital	ADJ
abrj-501	241	22	transformation	transformation	NOUN
abrj-501	241	23	.	.	PUNCT
abrj-501	242	1	the	the	DET
abrj-501	242	2	theoretical	theoretical	ADJ
abrj-501	242	3	implications	implication	NOUN
abrj-501	242	4	of	of	ADP
abrj-501	242	5	this	this	DET
abrj-501	242	6	research	research	NOUN
abrj-501	242	7	are	be	AUX
abrj-501	242	8	substantial	substantial	ADJ
abrj-501	242	9	.	.	PUNCT
abrj-501	243	1	the	the	DET
abrj-501	243	2	findings	finding	NOUN
abrj-501	243	3	extend	extend	VERB
abrj-501	243	4	established	establish	VERB
abrj-501	243	5	capital	capital	NOUN
abrj-501	243	6	structure	structure	NOUN
abrj-501	243	7	theories	theory	NOUN
abrj-501	243	8	by	by	ADP
abrj-501	243	9	demonstrating	demonstrate	VERB
abrj-501	243	10	how	how	SCONJ
abrj-501	243	11	technological	technological	ADJ
abrj-501	243	12	capabilities	capability	NOUN
abrj-501	243	13	influence	influence	VERB
abrj-501	243	14	fundamental	fundamental	ADJ
abrj-501	243	15	financial	financial	ADJ
abrj-501	243	16	decisions	decision	NOUN
abrj-501	243	17	.	.	PUNCT
abrj-501	244	1	the	the	DET
abrj-501	244	2	research	research	NOUN
abrj-501	244	3	provides	provide	VERB
abrj-501	244	4	empirical	empirical	ADJ
abrj-501	244	5	support	support	NOUN
abrj-501	244	6	for	for	ADP
abrj-501	244	7	the	the	DET
abrj-501	244	8	notion	notion	NOUN
abrj-501	244	9	that	that	SCONJ
abrj-501	244	10	information	information	NOUN
abrj-501	244	11	processing	processing	NOUN
abrj-501	244	12	capabilities	capability	NOUN
abrj-501	244	13	are	be	AUX
abrj-501	244	14	important	important	ADJ
abrj-501	244	15	determinants	determinant	NOUN
abrj-501	244	16	of	of	ADP
abrj-501	244	17	optimal	optimal	ADJ
abrj-501	244	18	capital	capital	NOUN
abrj-501	244	19	structure	structure	NOUN
abrj-501	244	20	,	,	PUNCT
abrj-501	244	21	suggesting	suggest	VERB
abrj-501	244	22	that	that	SCONJ
abrj-501	244	23	future	future	ADJ
abrj-501	244	24	theoretical	theoretical	ADJ
abrj-501	244	25	developments	development	NOUN
abrj-501	244	26	should	should	AUX
abrj-501	244	27	incorporate	incorporate	VERB
abrj-501	244	28	technological	technological	ADJ
abrj-501	244	29	factors	factor	NOUN
abrj-501	244	30	more	more	ADV
abrj-501	244	31	explicitly	explicitly	ADV
abrj-501	244	32	.	.	PUNCT
abrj-501	245	1	the	the	DET
abrj-501	245	2	practical	practical	ADJ
abrj-501	245	3	implications	implication	NOUN
abrj-501	245	4	for	for	ADP
abrj-501	245	5	corporate	corporate	ADJ
abrj-501	245	6	managers	manager	NOUN
abrj-501	245	7	are	be	AUX
abrj-501	245	8	equally	equally	ADV
abrj-501	245	9	significant	significant	ADJ
abrj-501	245	10	.	.	PUNCT
abrj-501	246	1	the	the	DET
abrj-501	246	2	findings	finding	NOUN
abrj-501	246	3	suggest	suggest	VERB
abrj-501	246	4	that	that	SCONJ
abrj-501	246	5	investments	investment	NOUN
abrj-501	246	6	in	in	ADP
abrj-501	246	7	business	business	NOUN
abrj-501	246	8	analytics	analytic	NOUN
abrj-501	246	9	capabilities	capability	NOUN
abrj-501	246	10	generate	generate	VERB
abrj-501	246	11	meaningful	meaningful	ADJ
abrj-501	246	12	improvements	improvement	NOUN
abrj-501	246	13	in	in	ADP
abrj-501	246	14	financial	financial	ADJ
abrj-501	246	15	management	management	NOUN
abrj-501	246	16	,	,	PUNCT
abrj-501	246	17	providing	provide	VERB
abrj-501	246	18	clear	clear	ADJ
abrj-501	246	19	justification	justification	NOUN
abrj-501	246	20	for	for	ADP
abrj-501	246	21	the	the	DET
abrj-501	246	22	substantial	substantial	ADJ
abrj-501	246	23	resources	resource	NOUN
abrj-501	246	24	that	that	PRON
abrj-501	246	25	firms	firm	NOUN
abrj-501	246	26	allocate	allocate	VERB
abrj-501	246	27	to	to	ADP
abrj-501	246	28	analytical	analytical	ADJ
abrj-501	246	29	technologies	technology	NOUN
abrj-501	246	30	.	.	PUNCT
abrj-501	247	1	the	the	DET
abrj-501	247	2	heterogeneity	heterogeneity	NOUN
abrj-501	247	3	analysis	analysis	NOUN
abrj-501	247	4	provides	provide	VERB
abrj-501	247	5	guidance	guidance	NOUN
abrj-501	247	6	regarding	regard	VERB
abrj-501	247	7	the	the	DET
abrj-501	247	8	conditions	condition	NOUN
abrj-501	247	9	under	under	ADP
abrj-501	247	10	which	which	PRON
abrj-501	247	11	analytical	analytical	ADJ
abrj-501	247	12	capabilities	capability	NOUN
abrj-501	247	13	are	be	AUX
abrj-501	247	14	most	most	ADV
abrj-501	247	15	beneficial	beneficial	ADJ
abrj-501	247	16	,	,	PUNCT
abrj-501	247	17	suggesting	suggest	VERB
abrj-501	247	18	that	that	SCONJ
abrj-501	247	19	small	small	ADJ
abrj-501	247	20	and	and	CCONJ
abrj-501	247	21	medium	medium	ADJ
abrj-501	247	22	-	-	PUNCT
abrj-501	247	23	sized	sized	ADJ
abrj-501	247	24	enterprises	enterprise	NOUN
abrj-501	247	25	and	and	CCONJ
abrj-501	247	26	technology	technology	NOUN
abrj-501	247	27	-	-	PUNCT
abrj-501	247	28	intensive	intensive	ADJ
abrj-501	247	29	firms	firm	NOUN
abrj-501	247	30	may	may	AUX
abrj-501	247	31	benefit	benefit	VERB
abrj-501	247	32	most	most	ADV
abrj-501	247	33	from	from	ADP
abrj-501	247	34	analytical	analytical	ADJ
abrj-501	247	35	investments	investment	NOUN
abrj-501	247	36	.	.	PUNCT
abrj-501	248	1	the	the	DET
abrj-501	248	2	policy	policy	NOUN
abrj-501	248	3	implications	implication	NOUN
abrj-501	248	4	extend	extend	VERB
abrj-501	248	5	to	to	ADP
abrj-501	248	6	regulatory	regulatory	ADJ
abrj-501	248	7	authorities	authority	NOUN
abrj-501	248	8	and	and	CCONJ
abrj-501	248	9	economic	economic	ADJ
abrj-501	248	10	development	development	NOUN
abrj-501	248	11	agencies	agency	NOUN
abrj-501	248	12	interested	interested	ADJ
abrj-501	248	13	in	in	ADP
abrj-501	248	14	promoting	promote	VERB
abrj-501	248	15	digital	digital	ADJ
abrj-501	248	16	transformation	transformation	NOUN
abrj-501	248	17	in	in	ADP
abrj-501	248	18	emerging	emerge	VERB
abrj-501	248	19	markets	market	NOUN
abrj-501	248	20	.	.	PUNCT
abrj-501	249	1	the	the	DET
abrj-501	249	2	findings	finding	NOUN
abrj-501	249	3	suggest	suggest	VERB
abrj-501	249	4	that	that	SCONJ
abrj-501	249	5	policies	policy	NOUN
abrj-501	249	6	supporting	support	VERB
abrj-501	249	7	the	the	DET
abrj-501	249	8	adoption	adoption	NOUN
abrj-501	249	9	of	of	ADP
abrj-501	249	10	analytical	analytical	ADJ
abrj-501	249	11	technologies	technology	NOUN
abrj-501	249	12	may	may	AUX
abrj-501	249	13	contribute	contribute	VERB
abrj-501	249	14	to	to	ADP
abrj-501	249	15	improved	improve	VERB
abrj-501	249	16	financial	financial	ADJ
abrj-501	249	17	management	management	NOUN
abrj-501	249	18	and	and	CCONJ
abrj-501	249	19	enhanced	enhance	VERB
abrj-501	249	20	economic	economic	ADJ
abrj-501	249	21	efficiency	efficiency	NOUN
abrj-501	249	22	.	.	PUNCT
abrj-501	250	1	the	the	DET
abrj-501	250	2	stronger	strong	ADJ
abrj-501	250	3	effects	effect	NOUN
abrj-501	250	4	observed	observe	VERB
abrj-501	250	5	among	among	ADP
abrj-501	250	6	small	small	ADJ
abrj-501	250	7	and	and	CCONJ
abrj-501	250	8	medium	medium	ADJ
abrj-501	250	9	-	-	PUNCT
abrj-501	250	10	sized	sized	ADJ
abrj-501	250	11	enterprises	enterprise	NOUN
abrj-501	250	12	suggest	suggest	VERB
abrj-501	250	13	that	that	SCONJ
abrj-501	250	14	targeted	target	VERB
abrj-501	250	15	support	support	NOUN
abrj-501	250	16	for	for	ADP
abrj-501	250	17	these	these	DET
abrj-501	250	18	firms	firm	NOUN
abrj-501	250	19	may	may	AUX
abrj-501	250	20	be	be	AUX
abrj-501	250	21	particularly	particularly	ADV
abrj-501	250	22	beneficial	beneficial	ADJ
abrj-501	250	23	.	.	PUNCT
abrj-501	251	1	the	the	DET
abrj-501	251	2	research	research	NOUN
abrj-501	251	3	has	have	VERB
abrj-501	251	4	important	important	ADJ
abrj-501	251	5	implications	implication	NOUN
abrj-501	251	6	for	for	ADP
abrj-501	251	7	financial	financial	ADJ
abrj-501	251	8	institutions	institution	NOUN
abrj-501	251	9	and	and	CCONJ
abrj-501	251	10	investors	investor	NOUN
abrj-501	251	11	operating	operate	VERB
abrj-501	251	12	in	in	ADP
abrj-501	251	13	emerging	emerge	VERB
abrj-501	251	14	markets	market	NOUN
abrj-501	251	15	.	.	PUNCT
abrj-501	252	1	the	the	DET
abrj-501	252	2	findings	finding	NOUN
abrj-501	252	3	demonstrate	demonstrate	VERB
abrj-501	252	4	that	that	SCONJ
abrj-501	252	5	firms	firm	NOUN
abrj-501	252	6	with	with	ADP
abrj-501	252	7	superior	superior	ADJ
abrj-501	252	8	analytical	analytical	ADJ
abrj-501	252	9	capabilities	capability	NOUN
abrj-501	252	10	exhibit	exhibit	VERB
abrj-501	252	11	improved	improve	VERB
abrj-501	252	12	financial	financial	ADJ
abrj-501	252	13	management	management	NOUN
abrj-501	252	14	,	,	PUNCT
abrj-501	252	15	suggesting	suggest	VERB
abrj-501	252	16	that	that	SCONJ
abrj-501	252	17	analytical	analytical	ADJ
abrj-501	252	18	capabilities	capability	NOUN
abrj-501	252	19	may	may	AUX
abrj-501	252	20	serve	serve	VERB
abrj-501	252	21	as	as	ADP
abrj-501	252	22	valuable	valuable	ADJ
abrj-501	252	23	indicators	indicator	NOUN
abrj-501	252	24	of	of	ADP
abrj-501	252	25	firm	firm	ADJ
abrj-501	252	26	quality	quality	NOUN
abrj-501	252	27	and	and	CCONJ
abrj-501	252	28	investment	investment	NOUN
abrj-501	252	29	potential	potential	NOUN
abrj-501	252	30	.	.	PUNCT
abrj-501	253	1	this	this	DET
abrj-501	253	2	insight	insight	NOUN
abrj-501	253	3	may	may	AUX
abrj-501	253	4	inform	inform	VERB
abrj-501	253	5	lending	lending	NOUN
abrj-501	253	6	decisions	decision	NOUN
abrj-501	253	7	,	,	PUNCT
abrj-501	253	8	investment	investment	NOUN
abrj-501	253	9	strategies	strategy	NOUN
abrj-501	253	10	,	,	PUNCT
abrj-501	253	11	and	and	CCONJ
abrj-501	253	12	risk	risk	NOUN
abrj-501	253	13	assessment	assessment	NOUN
abrj-501	253	14	procedures	procedure	NOUN
abrj-501	253	15	.	.	PUNCT
abrj-501	254	1	despite	despite	SCONJ
abrj-501	254	2	the	the	DET
abrj-501	254	3	significant	significant	ADJ
abrj-501	254	4	contributions	contribution	NOUN
abrj-501	254	5	of	of	ADP
abrj-501	254	6	this	this	DET
abrj-501	254	7	research	research	NOUN
abrj-501	254	8	,	,	PUNCT
abrj-501	254	9	several	several	ADJ
abrj-501	254	10	limitations	limitation	NOUN
abrj-501	254	11	must	must	AUX
abrj-501	254	12	be	be	AUX
abrj-501	254	13	acknowledged	acknowledge	VERB
abrj-501	254	14	.	.	PUNCT
abrj-501	255	1	first	first	ADV
abrj-501	255	2	,	,	PUNCT
abrj-501	255	3	the	the	DET
abrj-501	255	4	business	business	NOUN
abrj-501	255	5	analytics	analytic	NOUN
abrj-501	255	6	capability	capability	NOUN
abrj-501	255	7	index	index	NOUN
abrj-501	255	8	,	,	PUNCT
abrj-501	255	9	while	while	SCONJ
abrj-501	255	10	comprehensive	comprehensive	ADJ
abrj-501	255	11	,	,	PUNCT
abrj-501	255	12	may	may	AUX
abrj-501	255	13	not	not	PART
abrj-501	255	14	capture	capture	VERB
abrj-501	255	15	all	all	DET
abrj-501	255	16	dimensions	dimension	NOUN
abrj-501	255	17	of	of	ADP
abrj-501	255	18	analytical	analytical	ADJ
abrj-501	255	19	sophistication	sophistication	NOUN
abrj-501	255	20	.	.	PUNCT
abrj-501	256	1	future	future	ADJ
abrj-501	256	2	research	research	NOUN
abrj-501	256	3	could	could	AUX
abrj-501	256	4	benefit	benefit	VERB
abrj-501	256	5	from	from	ADP
abrj-501	256	6	more	more	ADV
abrj-501	256	7	detailed	detailed	ADJ
abrj-501	256	8	measures	measure	NOUN
abrj-501	256	9	of	of	ADP
abrj-501	256	10	analytical	analytical	ADJ
abrj-501	256	11	capabilities	capability	NOUN
abrj-501	256	12	,	,	PUNCT
abrj-501	256	13	including	include	VERB
abrj-501	256	14	information	information	NOUN
abrj-501	256	15	regarding	regard	VERB
abrj-501	256	16	specific	specific	ADJ
abrj-501	256	17	analytical	analytical	ADJ
abrj-501	256	18	tools	tool	NOUN
abrj-501	256	19	,	,	PUNCT
abrj-501	256	20	methodologies	methodology	NOUN
abrj-501	256	21	,	,	PUNCT
abrj-501	256	22	and	and	CCONJ
abrj-501	256	23	applications	application	NOUN
abrj-501	256	24	.	.	PUNCT
abrj-501	257	1	second	second	ADJ
abrj-501	257	2	,	,	PUNCT
abrj-501	257	3	the	the	DET
abrj-501	257	4	research	research	NOUN
abrj-501	257	5	focuses	focus	VERB
abrj-501	257	6	exclusively	exclusively	ADV
abrj-501	257	7	on	on	ADP
abrj-501	257	8	vietnamese	vietnamese	ADJ
abrj-501	257	9	firms	firm	NOUN
abrj-501	257	10	,	,	PUNCT
abrj-501	257	11	limiting	limit	VERB
abrj-501	257	12	the	the	DET
abrj-501	257	13	generalizability	generalizability	NOUN
abrj-501	257	14	of	of	ADP
abrj-501	257	15	the	the	DET
abrj-501	257	16	findings	finding	NOUN
abrj-501	257	17	to	to	ADP
abrj-501	257	18	other	other	ADJ
abrj-501	257	19	emerging	emerge	VERB
abrj-501	257	20	market	market	NOUN
abrj-501	257	21	contexts	contexts	NOUN
abrj-501	257	22	.	.	PUNCT
abrj-501	258	1	while	while	SCONJ
abrj-501	258	2	vietnam	vietnam	PROPN
abrj-501	258	3	provides	provide	VERB
abrj-501	258	4	a	a	DET
abrj-501	258	5	valuable	valuable	ADJ
abrj-501	258	6	setting	setting	NOUN
abrj-501	258	7	for	for	ADP
abrj-501	258	8	examining	examine	VERB
abrj-501	258	9	the	the	DET
abrj-501	258	10	relationship	relationship	NOUN
abrj-501	258	11	between	between	ADP
abrj-501	258	12	analytics	analytic	NOUN
abrj-501	258	13	and	and	CCONJ
abrj-501	258	14	leverage	leverage	NOUN
abrj-501	258	15	optimization	optimization	NOUN
abrj-501	258	16	,	,	PUNCT
abrj-501	258	17	future	future	ADJ
abrj-501	258	18	research	research	NOUN
abrj-501	258	19	should	should	AUX
abrj-501	258	20	examine	examine	VERB
abrj-501	258	21	whether	whether	SCONJ
abrj-501	258	22	similar	similar	ADJ
abrj-501	258	23	relationships	relationship	NOUN
abrj-501	258	24	exist	exist	VERB
abrj-501	258	25	in	in	ADP
abrj-501	258	26	other	other	ADJ
abrj-501	258	27	emerging	emerge	VERB
abrj-501	258	28	markets	market	NOUN
abrj-501	258	29	with	with	ADP
abrj-501	258	30	different	different	ADJ
abrj-501	258	31	institutional	institutional	ADJ
abrj-501	258	32	characteristics	characteristic	NOUN
abrj-501	258	33	.	.	PUNCT
abrj-501	259	1	asian	asian	ADJ
abrj-501	259	2	business	business	PROPN
abrj-501	259	3	research	research	NOUN
abrj-501	259	4	journal	journal	NOUN
abrj-501	259	5	,	,	PUNCT
abrj-501	259	6	2025	2025	NUM
abrj-501	259	7	,	,	PUNCT
abrj-501	259	8	10(7	10(7	NUM
abrj-501	259	9	):	):	PUNCT
abrj-501	259	10	67	67	NUM
abrj-501	259	11	-	-	SYM
abrj-501	259	12	75	75	NUM
abrj-501	259	13	75	75	NUM
abrj-501	259	14	©	©	PROPN
abrj-501	259	15	2025	2025	NUM
abrj-501	259	16	by	by	ADP
abrj-501	259	17	the	the	DET
abrj-501	259	18	author	author	NOUN
abrj-501	259	19	;	;	PUNCT
abrj-501	259	20	licensee	licensee	NOUN
abrj-501	259	21	eastern	eastern	ADJ
abrj-501	259	22	centre	centre	NOUN
abrj-501	259	23	of	of	ADP
abrj-501	259	24	science	science	NOUN
abrj-501	259	25	and	and	CCONJ
abrj-501	259	26	education	education	NOUN
abrj-501	259	27	,	,	PUNCT
abrj-501	259	28	usa	usa	PROPN
abrj-501	259	29	third	third	PROPN
abrj-501	260	1	,	,	PUNCT
abrj-501	260	2	the	the	DET
abrj-501	260	3	research	research	NOUN
abrj-501	260	4	employs	employ	VERB
abrj-501	260	5	a	a	DET
abrj-501	260	6	relatively	relatively	ADV
abrj-501	260	7	broad	broad	ADJ
abrj-501	260	8	definition	definition	NOUN
abrj-501	260	9	of	of	ADP
abrj-501	260	10	business	business	NOUN
abrj-501	260	11	analytics	analytic	NOUN
abrj-501	260	12	that	that	PRON
abrj-501	260	13	encompasses	encompass	VERB
abrj-501	260	14	multiple	multiple	ADJ
abrj-501	260	15	types	type	NOUN
abrj-501	260	16	of	of	ADP
abrj-501	260	17	analytical	analytical	ADJ
abrj-501	260	18	tools	tool	NOUN
abrj-501	260	19	and	and	CCONJ
abrj-501	260	20	applications	application	NOUN
abrj-501	260	21	.	.	PUNCT
abrj-501	261	1	future	future	ADJ
abrj-501	261	2	research	research	NOUN
abrj-501	261	3	could	could	AUX
abrj-501	261	4	benefit	benefit	VERB
abrj-501	261	5	from	from	ADP
abrj-501	261	6	examining	examine	VERB
abrj-501	261	7	specific	specific	ADJ
abrj-501	261	8	types	type	NOUN
abrj-501	261	9	of	of	ADP
abrj-501	261	10	analytical	analytical	ADJ
abrj-501	261	11	capabilities	capability	NOUN
abrj-501	261	12	,	,	PUNCT
abrj-501	261	13	such	such	ADJ
abrj-501	261	14	as	as	ADP
abrj-501	261	15	predictive	predictive	ADJ
abrj-501	261	16	analytics	analytic	NOUN
abrj-501	261	17	,	,	PUNCT
abrj-501	261	18	prescriptive	prescriptive	ADJ
abrj-501	261	19	analytics	analytic	NOUN
abrj-501	261	20	,	,	PUNCT
abrj-501	261	21	or	or	CCONJ
abrj-501	261	22	real	real	ADJ
abrj-501	261	23	-	-	PUNCT
abrj-501	261	24	time	time	NOUN
abrj-501	261	25	analytics	analytic	NOUN
abrj-501	261	26	,	,	PUNCT
abrj-501	261	27	to	to	PART
abrj-501	261	28	provide	provide	VERB
abrj-501	261	29	more	more	ADV
abrj-501	261	30	detailed	detailed	ADJ
abrj-501	261	31	insights	insight	NOUN
abrj-501	261	32	into	into	ADP
abrj-501	261	33	the	the	DET
abrj-501	261	34	mechanisms	mechanism	NOUN
abrj-501	261	35	through	through	ADP
abrj-501	261	36	which	which	PRON
abrj-501	261	37	analytics	analytic	NOUN
abrj-501	261	38	influence	influence	VERB
abrj-501	261	39	financial	financial	ADJ
abrj-501	261	40	decisions	decision	NOUN
abrj-501	261	41	.	.	PUNCT
abrj-501	262	1	fourth	fourth	ADJ
abrj-501	262	2	,	,	PUNCT
abrj-501	262	3	the	the	DET
abrj-501	262	4	research	research	NOUN
abrj-501	262	5	does	do	AUX
abrj-501	262	6	not	not	PART
abrj-501	262	7	examine	examine	VERB
abrj-501	262	8	the	the	DET
abrj-501	262	9	mechanisms	mechanism	NOUN
abrj-501	262	10	through	through	ADP
abrj-501	262	11	which	which	PRON
abrj-501	262	12	analytical	analytical	ADJ
abrj-501	262	13	capabilities	capability	NOUN
abrj-501	262	14	influence	influence	NOUN
abrj-501	262	15	leverage	leverage	NOUN
abrj-501	262	16	decisions	decision	NOUN
abrj-501	262	17	.	.	PUNCT
abrj-501	263	1	future	future	ADJ
abrj-501	263	2	research	research	NOUN
abrj-501	263	3	could	could	AUX
abrj-501	263	4	investigate	investigate	VERB
abrj-501	263	5	whether	whether	SCONJ
abrj-501	263	6	analytical	analytical	ADJ
abrj-501	263	7	capabilities	capability	NOUN
abrj-501	263	8	influence	influence	NOUN
abrj-501	263	9	leverage	leverage	NOUN
abrj-501	263	10	through	through	ADP
abrj-501	263	11	improved	improve	VERB
abrj-501	263	12	risk	risk	NOUN
abrj-501	263	13	assessment	assessment	NOUN
abrj-501	263	14	,	,	PUNCT
abrj-501	263	15	enhanced	enhance	VERB
abrj-501	263	16	market	market	NOUN
abrj-501	263	17	timing	timing	NOUN
abrj-501	263	18	,	,	PUNCT
abrj-501	263	19	better	well	ADJ
abrj-501	263	20	understanding	understanding	NOUN
abrj-501	263	21	of	of	ADP
abrj-501	263	22	optimal	optimal	ADJ
abrj-501	263	23	capital	capital	NOUN
abrj-501	263	24	structure	structure	NOUN
abrj-501	263	25	,	,	PUNCT
abrj-501	263	26	or	or	CCONJ
abrj-501	263	27	other	other	ADJ
abrj-501	263	28	channels	channel	NOUN
abrj-501	263	29	.	.	PUNCT
abrj-501	264	1	fifth	fifth	ADJ
abrj-501	264	2	,	,	PUNCT
abrj-501	264	3	the	the	DET
abrj-501	264	4	research	research	NOUN
abrj-501	264	5	focuses	focus	VERB
abrj-501	264	6	on	on	ADP
abrj-501	264	7	publicly	publicly	ADV
abrj-501	264	8	listed	list	VERB
abrj-501	264	9	firms	firm	NOUN
abrj-501	264	10	,	,	PUNCT
abrj-501	264	11	which	which	PRON
abrj-501	264	12	may	may	AUX
abrj-501	264	13	not	not	PART
abrj-501	264	14	be	be	AUX
abrj-501	264	15	representative	representative	ADJ
abrj-501	264	16	of	of	ADP
abrj-501	264	17	the	the	DET
abrj-501	264	18	broader	broad	ADJ
abrj-501	264	19	population	population	NOUN
abrj-501	264	20	of	of	ADP
abrj-501	264	21	vietnamese	vietnamese	ADJ
abrj-501	264	22	corporations	corporation	NOUN
abrj-501	264	23	.	.	PUNCT
abrj-501	265	1	future	future	ADJ
abrj-501	265	2	research	research	NOUN
abrj-501	265	3	could	could	AUX
abrj-501	265	4	examine	examine	VERB
abrj-501	265	5	whether	whether	SCONJ
abrj-501	265	6	similar	similar	ADJ
abrj-501	265	7	relationships	relationship	NOUN
abrj-501	265	8	exist	exist	VERB
abrj-501	265	9	among	among	ADP
abrj-501	265	10	private	private	ADJ
abrj-501	265	11	firms	firm	NOUN
abrj-501	265	12	,	,	PUNCT
abrj-501	265	13	which	which	PRON
abrj-501	265	14	may	may	AUX
abrj-501	265	15	face	face	VERB
abrj-501	265	16	different	different	ADJ
abrj-501	265	17	constraints	constraint	NOUN
abrj-501	265	18	and	and	CCONJ
abrj-501	265	19	opportunities	opportunity	NOUN
abrj-501	265	20	regarding	regard	VERB
abrj-501	265	21	analytical	analytical	ADJ
abrj-501	265	22	investments	investment	NOUN
abrj-501	265	23	.	.	PUNCT
abrj-501	266	1	future	future	ADJ
abrj-501	266	2	research	research	NOUN
abrj-501	266	3	directions	direction	NOUN
abrj-501	266	4	include	include	VERB
abrj-501	266	5	examining	examine	VERB
abrj-501	266	6	the	the	DET
abrj-501	266	7	dynamic	dynamic	ADJ
abrj-501	266	8	relationship	relationship	NOUN
abrj-501	266	9	between	between	ADP
abrj-501	266	10	analytical	analytical	ADJ
abrj-501	266	11	capabilities	capability	NOUN
abrj-501	266	12	and	and	CCONJ
abrj-501	266	13	leverage	leverage	NOUN
abrj-501	266	14	optimization	optimization	NOUN
abrj-501	266	15	,	,	PUNCT
abrj-501	266	16	investigating	investigate	VERB
abrj-501	266	17	the	the	DET
abrj-501	266	18	role	role	NOUN
abrj-501	266	19	of	of	ADP
abrj-501	266	20	analytical	analytical	ADJ
abrj-501	266	21	capabilities	capability	NOUN
abrj-501	266	22	in	in	ADP
abrj-501	266	23	other	other	ADJ
abrj-501	266	24	financial	financial	ADJ
abrj-501	266	25	decisions	decision	NOUN
abrj-501	266	26	such	such	ADJ
abrj-501	266	27	as	as	ADP
abrj-501	266	28	dividend	dividend	NOUN
abrj-501	266	29	policy	policy	NOUN
abrj-501	266	30	and	and	CCONJ
abrj-501	266	31	investment	investment	NOUN
abrj-501	266	32	decisions	decision	NOUN
abrj-501	266	33	,	,	PUNCT
abrj-501	266	34	and	and	CCONJ
abrj-501	266	35	exploring	explore	VERB
abrj-501	266	36	the	the	DET
abrj-501	266	37	interaction	interaction	NOUN
abrj-501	266	38	between	between	ADP
abrj-501	266	39	analytical	analytical	ADJ
abrj-501	266	40	capabilities	capability	NOUN
abrj-501	266	41	and	and	CCONJ
abrj-501	266	42	other	other	ADJ
abrj-501	266	43	organizational	organizational	ADJ
abrj-501	266	44	capabilities	capability	NOUN
abrj-501	266	45	in	in	ADP
abrj-501	266	46	determining	determine	VERB
abrj-501	266	47	financial	financial	ADJ
abrj-501	266	48	performance	performance	NOUN
abrj-501	266	49	.	.	PUNCT
abrj-501	267	1	additionally	additionally	ADV
abrj-501	267	2	,	,	PUNCT
abrj-501	267	3	research	research	NOUN
abrj-501	267	4	examining	examine	VERB
abrj-501	267	5	the	the	DET
abrj-501	267	6	costs	cost	NOUN
abrj-501	267	7	and	and	CCONJ
abrj-501	267	8	benefits	benefit	NOUN
abrj-501	267	9	of	of	ADP
abrj-501	267	10	analytical	analytical	ADJ
abrj-501	267	11	investments	investment	NOUN
abrj-501	267	12	could	could	AUX
abrj-501	267	13	provide	provide	VERB
abrj-501	267	14	valuable	valuable	ADJ
abrj-501	267	15	insights	insight	NOUN
abrj-501	267	16	into	into	ADP
abrj-501	267	17	the	the	DET
abrj-501	267	18	optimal	optimal	ADJ
abrj-501	267	19	level	level	NOUN
abrj-501	267	20	of	of	ADP
abrj-501	267	21	analytical	analytical	ADJ
abrj-501	267	22	capabilities	capability	NOUN
abrj-501	267	23	for	for	ADP
abrj-501	267	24	different	different	ADJ
abrj-501	267	25	types	type	NOUN
abrj-501	267	26	of	of	ADP
abrj-501	267	27	firms	firm	NOUN
abrj-501	267	28	.	.	PUNCT
abrj-501	268	1	acknowledgments	acknowledgment	NOUN
abrj-501	268	2	:	:	PUNCT
abrj-501	269	1	i	i	PRON
abrj-501	269	2	would	would	AUX
abrj-501	269	3	like	like	VERB
abrj-501	269	4	to	to	PART
abrj-501	269	5	express	express	VERB
abrj-501	269	6	my	my	PRON
abrj-501	269	7	sincere	sincere	ADJ
abrj-501	269	8	gratitude	gratitude	NOUN
abrj-501	269	9	to	to	ADP
abrj-501	269	10	dr	dr	PROPN
abrj-501	269	11	.	.	PROPN
abrj-501	269	12	hoang	hoang	PROPN
abrj-501	269	13	vu	vu	PROPN
abrj-501	269	14	hiep	hiep	PROPN
abrj-501	269	15	for	for	ADP
abrj-501	269	16	his	his	PRON
abrj-501	269	17	invaluable	invaluable	ADJ
abrj-501	269	18	guidance	guidance	NOUN
abrj-501	269	19	and	and	CCONJ
abrj-501	269	20	inspiration	inspiration	NOUN
abrj-501	269	21	throughout	throughout	ADP
abrj-501	269	22	this	this	DET
abrj-501	269	23	research	research	NOUN
abrj-501	269	24	.	.	PUNCT
abrj-501	270	1	his	his	PRON
abrj-501	270	2	expertise	expertise	NOUN
abrj-501	270	3	,	,	PUNCT
abrj-501	270	4	insights	insight	NOUN
abrj-501	270	5	,	,	PUNCT
abrj-501	270	6	and	and	CCONJ
abrj-501	270	7	unwavering	unwavere	VERB
abrj-501	270	8	support	support	NOUN
abrj-501	270	9	have	have	AUX
abrj-501	270	10	been	be	AUX
abrj-501	270	11	instrumental	instrumental	ADJ
abrj-501	270	12	in	in	ADP
abrj-501	270	13	shaping	shape	VERB
abrj-501	270	14	the	the	DET
abrj-501	270	15	direction	direction	NOUN
abrj-501	270	16	and	and	CCONJ
abrj-501	270	17	quality	quality	NOUN
abrj-501	270	18	of	of	ADP
abrj-501	270	19	this	this	DET
abrj-501	270	20	study	study	NOUN
abrj-501	270	21	.	.	PUNCT
abrj-501	271	1	i	i	PRON
abrj-501	271	2	am	be	AUX
abrj-501	271	3	deeply	deeply	ADV
abrj-501	271	4	appreciative	appreciative	ADJ
abrj-501	271	5	of	of	ADP
abrj-501	271	6	his	his	PRON
abrj-501	271	7	generosity	generosity	NOUN
abrj-501	271	8	in	in	ADP
abrj-501	271	9	sharing	share	VERB
abrj-501	271	10	his	his	PRON
abrj-501	271	11	time	time	NOUN
abrj-501	271	12	,	,	PUNCT
abrj-501	271	13	knowledge	knowledge	NOUN
abrj-501	271	14	,	,	PUNCT
abrj-501	271	15	and	and	CCONJ
abrj-501	271	16	network	network	NOUN
abrj-501	271	17	,	,	PUNCT
abrj-501	271	18	which	which	PRON
abrj-501	271	19	have	have	AUX
abrj-501	271	20	greatly	greatly	ADV
abrj-501	271	21	contributed	contribute	VERB
abrj-501	271	22	to	to	ADP
abrj-501	271	23	the	the	DET
abrj-501	271	24	success	success	NOUN
abrj-501	271	25	of	of	ADP
abrj-501	271	26	this	this	DET
abrj-501	271	27	research	research	NOUN
abrj-501	271	28	.	.	PUNCT
abrj-501	272	1	his	his	PRON
abrj-501	272	2	mentorship	mentorship	NOUN
abrj-501	272	3	and	and	CCONJ
abrj-501	272	4	commitment	commitment	NOUN
abrj-501	272	5	to	to	ADP
abrj-501	272	6	academic	academic	ADJ
abrj-501	272	7	excellence	excellence	NOUN
abrj-501	272	8	have	have	AUX
abrj-501	272	9	not	not	PART
abrj-501	272	10	only	only	ADV
abrj-501	272	11	enriched	enrich	VERB
abrj-501	272	12	the	the	DET
abrj-501	272	13	quality	quality	NOUN
abrj-501	272	14	of	of	ADP
abrj-501	272	15	this	this	DET
abrj-501	272	16	work	work	NOUN
abrj-501	272	17	but	but	CCONJ
abrj-501	272	18	have	have	AUX
abrj-501	272	19	also	also	ADV
abrj-501	272	20	had	have	VERB
abrj-501	272	21	a	a	DET
abrj-501	272	22	profound	profound	ADJ
abrj-501	272	23	impact	impact	NOUN
abrj-501	272	24	on	on	ADP
abrj-501	272	25	my	my	PRON
abrj-501	272	26	personal	personal	ADJ
abrj-501	272	27	and	and	CCONJ
abrj-501	272	28	professional	professional	ADJ
abrj-501	272	29	growth	growth	NOUN
abrj-501	272	30	.	.	PUNCT
abrj-501	273	1	references	reference	NOUN
abrj-501	273	2	altman	altman	PROPN
abrj-501	273	3	,	,	PUNCT
abrj-501	273	4	e.	e.	PROPN
abrj-501	273	5	i.	i.	PROPN
abrj-501	273	6	,	,	PUNCT
abrj-501	273	7	iwanicz	iwanicz	NOUN
abrj-501	273	8	-	-	PUNCT
abrj-501	273	9	drozdowska	drozdowska	NOUN
abrj-501	273	10	,	,	PUNCT
abrj-501	273	11	m.	m.	NOUN
abrj-501	273	12	,	,	PUNCT
abrj-501	273	13	laitinen	laitinen	PROPN
abrj-501	273	14	,	,	PUNCT
abrj-501	273	15	e.	e.	PROPN
abrj-501	273	16	k.	k.	PROPN
abrj-501	273	17	,	,	PUNCT
abrj-501	273	18	&	&	CCONJ
abrj-501	273	19	suvas	suvas	PROPN
abrj-501	273	20	,	,	PUNCT
abrj-501	273	21	a.	a.	NOUN
abrj-501	273	22	(	(	PUNCT
abrj-501	273	23	2017	2017	NUM
abrj-501	273	24	)	)	PUNCT
abrj-501	273	25	.	.	PUNCT
abrj-501	274	1	financial	financial	ADJ
abrj-501	274	2	distress	distress	NOUN
abrj-501	274	3	prediction	prediction	NOUN
abrj-501	274	4	in	in	ADP
abrj-501	274	5	an	an	DET
abrj-501	274	6	international	international	ADJ
abrj-501	274	7	context	context	NOUN
abrj-501	274	8	:	:	PUNCT
abrj-501	274	9	a	a	DET
abrj-501	274	10	review	review	NOUN
abrj-501	274	11	and	and	CCONJ
abrj-501	274	12	empirical	empirical	ADJ
abrj-501	274	13	analysis	analysis	NOUN
abrj-501	274	14	of	of	ADP
abrj-501	274	15	altman	altman	PROPN
abrj-501	274	16	's	's	PART
abrj-501	274	17	z	z	PROPN
abrj-501	274	18	-	-	PUNCT
abrj-501	274	19	score	score	NOUN
abrj-501	274	20	model	model	NOUN
abrj-501	274	21	.	.	PUNCT
abrj-501	275	1	journal	journal	PROPN
abrj-501	275	2	of	of	ADP
abrj-501	275	3	international	international	ADJ
abrj-501	275	4	financial	financial	ADJ
abrj-501	275	5	management	management	NOUN
abrj-501	275	6	&	&	CCONJ
abrj-501	275	7	accounting	accounting	PROPN
abrj-501	275	8	,	,	PUNCT
abrj-501	275	9	28(2	28(2	NUM
abrj-501	275	10	)	)	PUNCT
abrj-501	275	11	,	,	PUNCT
abrj-501	275	12	131	131	NUM
abrj-501	275	13	–	–	SYM
abrj-501	275	14	171	171	NUM
abrj-501	275	15	.	.	PUNCT
abrj-501	276	1	https://doi.org/10.1111/jifm.12053	https://doi.org/10.1111/jifm.12053	PROPN
abrj-501	276	2	arellano	arellano	PROPN
abrj-501	276	3	,	,	PUNCT
abrj-501	276	4	m.	m.	NOUN
abrj-501	276	5	,	,	PUNCT
abrj-501	276	6	&	&	CCONJ
abrj-501	276	7	bond	bond	PROPN
abrj-501	276	8	,	,	PUNCT
abrj-501	276	9	s.	s.	PROPN
abrj-501	276	10	(	(	PUNCT
abrj-501	276	11	1991	1991	NUM
abrj-501	276	12	)	)	PUNCT
abrj-501	276	13	.	.	PUNCT
abrj-501	277	1	some	some	DET
abrj-501	277	2	tests	test	NOUN
abrj-501	277	3	of	of	ADP
abrj-501	277	4	specification	specification	NOUN
abrj-501	277	5	for	for	ADP
abrj-501	277	6	panel	panel	NOUN
abrj-501	277	7	data	datum	NOUN
abrj-501	277	8	:	:	PUNCT
abrj-501	277	9	monte	monte	PROPN
abrj-501	277	10	carlo	carlo	PROPN
abrj-501	277	11	evidence	evidence	NOUN
abrj-501	277	12	and	and	CCONJ
abrj-501	277	13	an	an	DET
abrj-501	277	14	application	application	NOUN
abrj-501	277	15	to	to	ADP
abrj-501	277	16	employment	employment	NOUN
abrj-501	277	17	equations	equation	NOUN
abrj-501	277	18	.	.	PUNCT
abrj-501	278	1	review	review	NOUN
abrj-501	278	2	of	of	ADP
abrj-501	278	3	economic	economic	ADJ
abrj-501	278	4	studies	study	NOUN
abrj-501	278	5	,	,	PUNCT
abrj-501	278	6	58(2	58(2	NUM
abrj-501	278	7	)	)	PUNCT
abrj-501	278	8	,	,	PUNCT
abrj-501	278	9	277–297	277–297	NUM
abrj-501	278	10	.	.	PUNCT
abrj-501	279	1	https://doi.org/10.2307/2297968	https://doi.org/10.2307/2297968	NUM
abrj-501	279	2	barney	barney	PROPN
abrj-501	279	3	,	,	PUNCT
abrj-501	279	4	j.	j.	PROPN
abrj-501	279	5	(	(	PUNCT
abrj-501	279	6	1991	1991	NUM
abrj-501	279	7	)	)	PUNCT
abrj-501	279	8	.	.	PUNCT
abrj-501	280	1	firm	firm	ADJ
abrj-501	280	2	resources	resource	NOUN
abrj-501	280	3	and	and	CCONJ
abrj-501	280	4	sustained	sustain	VERB
abrj-501	280	5	competitive	competitive	ADJ
abrj-501	280	6	advantage	advantage	NOUN
abrj-501	280	7	.	.	PUNCT
abrj-501	281	1	journal	journal	NOUN
abrj-501	281	2	of	of	ADP
abrj-501	281	3	management	management	NOUN
abrj-501	281	4	,	,	PUNCT
abrj-501	281	5	17(1	17(1	NUM
abrj-501	281	6	)	)	PUNCT
abrj-501	281	7	,	,	PUNCT
abrj-501	281	8	99–120	99–120	NUM
abrj-501	281	9	.	.	PUNCT
abrj-501	281	10	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	X
abrj-501	281	11	bharadwaj	bharadwaj	PROPN
abrj-501	281	12	,	,	PUNCT
abrj-501	281	13	a.	a.	PROPN
abrj-501	281	14	s.	s.	PROPN
abrj-501	281	15	(	(	PUNCT
abrj-501	281	16	2000	2000	NUM
abrj-501	281	17	)	)	PUNCT
abrj-501	281	18	.	.	PUNCT
abrj-501	282	1	a	a	DET
abrj-501	282	2	resource	resource	NOUN
abrj-501	282	3	-	-	PUNCT
abrj-501	282	4	based	base	VERB
abrj-501	282	5	perspective	perspective	NOUN
abrj-501	282	6	on	on	ADP
abrj-501	282	7	information	information	NOUN
abrj-501	282	8	technology	technology	NOUN
abrj-501	282	9	capability	capability	NOUN
abrj-501	282	10	and	and	CCONJ
abrj-501	282	11	firm	firm	ADJ
abrj-501	282	12	performance	performance	NOUN
abrj-501	282	13	:	:	PUNCT
abrj-501	282	14	an	an	DET
abrj-501	282	15	empirical	empirical	ADJ
abrj-501	282	16	investigation	investigation	NOUN
abrj-501	282	17	.	.	PUNCT
abrj-501	283	1	mis	mis	PROPN
abrj-501	283	2	quarterly	quarterly	PROPN
abrj-501	283	3	,	,	PUNCT
abrj-501	283	4	24(1	24(1	NUM
abrj-501	283	5	)	)	PUNCT
abrj-501	283	6	,	,	PUNCT
abrj-501	283	7	169–196	169–196	NUM
abrj-501	283	8	.	.	PUNCT
abrj-501	283	9	https://doi.org/10.2307/3250983	https://doi.org/10.2307/3250983	PROPN
abrj-501	284	1	blundell	blundell	PROPN
abrj-501	284	2	,	,	PUNCT
abrj-501	284	3	r.	r.	PROPN
abrj-501	284	4	,	,	PUNCT
abrj-501	284	5	&	&	CCONJ
abrj-501	284	6	bond	bond	PROPN
abrj-501	284	7	,	,	PUNCT
abrj-501	284	8	s.	s.	PROPN
abrj-501	284	9	(	(	PUNCT
abrj-501	284	10	1998	1998	NUM
abrj-501	284	11	)	)	PUNCT
abrj-501	284	12	.	.	PUNCT
abrj-501	285	1	initial	initial	ADJ
abrj-501	285	2	conditions	condition	NOUN
abrj-501	285	3	and	and	CCONJ
abrj-501	285	4	moment	moment	VERB
abrj-501	285	5	restrictions	restriction	NOUN
abrj-501	285	6	in	in	ADP
abrj-501	285	7	dynamic	dynamic	ADJ
abrj-501	285	8	panel	panel	NOUN
abrj-501	285	9	data	datum	NOUN
abrj-501	285	10	models	model	NOUN
abrj-501	285	11	.	.	PUNCT
abrj-501	286	1	journal	journal	NOUN
abrj-501	286	2	of	of	ADP
abrj-501	286	3	econometrics	econometric	NOUN
abrj-501	286	4	,	,	PUNCT
abrj-501	286	5	87(1	87(1	NUM
abrj-501	286	6	)	)	PUNCT
abrj-501	286	7	,	,	PUNCT
abrj-501	286	8	115	115	NUM
abrj-501	286	9	–	–	PUNCT
abrj-501	286	10	143	143	NUM
abrj-501	286	11	.	.	PUNCT
abrj-501	287	1	https://doi.org/10.1016/s0304-4076(98)00009-8	https://doi.org/10.1016/s0304-4076(98)00009-8	PROPN
abrj-501	287	2	booth	booth	PROPN
abrj-501	287	3	,	,	PUNCT
abrj-501	287	4	l.	l.	PROPN
abrj-501	287	5	,	,	PUNCT
abrj-501	287	6	aivazian	aivazian	PROPN
abrj-501	287	7	,	,	PUNCT
abrj-501	287	8	v.	v.	PROPN
abrj-501	287	9	,	,	PUNCT
abrj-501	287	10	demirguc	demirguc	PROPN
abrj-501	287	11	-	-	PUNCT
abrj-501	287	12	kunt	kunt	PROPN
abrj-501	287	13	,	,	PUNCT
abrj-501	287	14	a.	a.	NOUN
abrj-501	287	15	,	,	PUNCT
abrj-501	287	16	&	&	CCONJ
abrj-501	287	17	maksimovic	maksimovic	PROPN
abrj-501	287	18	,	,	PUNCT
abrj-501	287	19	v.	v.	PROPN
abrj-501	287	20	(	(	PUNCT
abrj-501	287	21	2001	2001	NUM
abrj-501	287	22	)	)	PUNCT
abrj-501	287	23	.	.	PUNCT
abrj-501	288	1	capital	capital	NOUN
abrj-501	288	2	structures	structure	NOUN
abrj-501	288	3	in	in	ADP
abrj-501	288	4	developing	develop	VERB
abrj-501	288	5	countries	country	NOUN
abrj-501	288	6	.	.	PUNCT
abrj-501	289	1	journal	journal	PROPN
abrj-501	289	2	of	of	ADP
abrj-501	289	3	finance	finance	NOUN
abrj-501	289	4	,	,	PUNCT
abrj-501	289	5	56(1	56(1	NUM
abrj-501	289	6	)	)	PUNCT
abrj-501	289	7	,	,	PUNCT
abrj-501	289	8	87–130	87–130	PROPN
abrj-501	289	9	.	.	PUNCT
abrj-501	290	1	https://doi.org/10.1111/0022-1082.00320	https://doi.org/10.1111/0022-1082.00320	PROPN
abrj-501	290	2	brynjolfsson	brynjolfsson	PROPN
abrj-501	290	3	,	,	PUNCT
abrj-501	290	4	e.	e.	PROPN
abrj-501	290	5	,	,	PUNCT
abrj-501	290	6	&	&	CCONJ
abrj-501	290	7	hitt	hitt	PROPN
abrj-501	290	8	,	,	PUNCT
abrj-501	290	9	l.	l.	PROPN
abrj-501	290	10	m.	m.	PROPN
abrj-501	290	11	(	(	PUNCT
abrj-501	290	12	2000	2000	NUM
abrj-501	290	13	)	)	PUNCT
abrj-501	290	14	.	.	PUNCT
abrj-501	291	1	beyond	beyond	ADP
abrj-501	291	2	computation	computation	NOUN
abrj-501	291	3	:	:	PUNCT
abrj-501	291	4	information	information	NOUN
abrj-501	291	5	technology	technology	NOUN
abrj-501	291	6	,	,	PUNCT
abrj-501	291	7	organizational	organizational	ADJ
abrj-501	291	8	transformation	transformation	NOUN
abrj-501	291	9	and	and	CCONJ
abrj-501	291	10	business	business	NOUN
abrj-501	291	11	performance	performance	NOUN
abrj-501	291	12	.	.	PUNCT
abrj-501	292	1	journal	journal	NOUN
abrj-501	292	2	of	of	ADP
abrj-501	292	3	economic	economic	ADJ
abrj-501	292	4	perspectives	perspective	NOUN
abrj-501	292	5	,	,	PUNCT
abrj-501	292	6	14(4	14(4	NUM
abrj-501	292	7	)	)	PUNCT
abrj-501	292	8	,	,	PUNCT
abrj-501	292	9	23–48	23–48	NUM
abrj-501	292	10	.	.	PUNCT
abrj-501	293	1	https://doi.org/10.1257/jep.14.4.23	https://doi.org/10.1257/jep.14.4.23	PROPN
abrj-501	293	2	brynjolfsson	brynjolfsson	PROPN
abrj-501	293	3	,	,	PUNCT
abrj-501	293	4	e.	e.	PROPN
abrj-501	293	5	,	,	PUNCT
abrj-501	293	6	&	&	CCONJ
abrj-501	293	7	hitt	hitt	PROPN
abrj-501	293	8	,	,	PUNCT
abrj-501	293	9	l.	l.	PROPN
abrj-501	293	10	m.	m.	PROPN
abrj-501	293	11	(	(	PUNCT
abrj-501	293	12	2003	2003	NUM
abrj-501	293	13	)	)	PUNCT
abrj-501	293	14	.	.	PUNCT
abrj-501	294	1	computing	compute	VERB
abrj-501	294	2	productivity	productivity	NOUN
abrj-501	294	3	:	:	PUNCT
abrj-501	294	4	firm	firm	ADJ
abrj-501	294	5	-	-	PUNCT
abrj-501	294	6	level	level	NOUN
abrj-501	294	7	evidence	evidence	NOUN
abrj-501	294	8	.	.	PUNCT
abrj-501	295	1	review	review	NOUN
abrj-501	295	2	of	of	ADP
abrj-501	295	3	economics	economic	NOUN
abrj-501	295	4	and	and	CCONJ
abrj-501	295	5	statistics	statistic	NOUN
abrj-501	295	6	,	,	PUNCT
abrj-501	295	7	85(4	85(4	NUM
abrj-501	295	8	)	)	PUNCT
abrj-501	295	9	,	,	PUNCT
abrj-501	295	10	793–808	793–808	NUM
abrj-501	295	11	.	.	PUNCT
abrj-501	296	1	https://doi.org/10.1162/003465303772815736	https://doi.org/10.1162/003465303772815736	NOUN
abrj-501	296	2	brynjolfsson	brynjolfsson	PROPN
abrj-501	296	3	,	,	PUNCT
abrj-501	296	4	e.	e.	PROPN
abrj-501	296	5	,	,	PUNCT
abrj-501	296	6	&	&	CCONJ
abrj-501	296	7	mcafee	mcafee	PROPN
abrj-501	296	8	,	,	PUNCT
abrj-501	296	9	a.	a.	NOUN
abrj-501	296	10	(	(	PUNCT
abrj-501	296	11	2014	2014	NUM
abrj-501	296	12	)	)	PUNCT
abrj-501	296	13	.	.	PUNCT
abrj-501	297	1	the	the	DET
abrj-501	297	2	second	second	ADJ
abrj-501	297	3	machine	machine	NOUN
abrj-501	297	4	age	age	NOUN
abrj-501	297	5	:	:	PUNCT
abrj-501	297	6	work	work	NOUN
abrj-501	297	7	,	,	PUNCT
abrj-501	297	8	progress	progress	NOUN
abrj-501	297	9	,	,	PUNCT
abrj-501	297	10	and	and	CCONJ
abrj-501	297	11	prosperity	prosperity	NOUN
abrj-501	297	12	in	in	ADP
abrj-501	297	13	a	a	DET
abrj-501	297	14	time	time	NOUN
abrj-501	297	15	of	of	ADP
abrj-501	297	16	brilliant	brilliant	ADJ
abrj-501	297	17	technologies	technology	NOUN
abrj-501	297	18	.	.	PUNCT
abrj-501	298	1	w.	w.	PROPN
abrj-501	298	2	w.	w.	PROPN
abrj-501	298	3	norton	norton	PROPN
abrj-501	298	4	&	&	CCONJ
abrj-501	298	5	company	company	PROPN
abrj-501	298	6	.	.	PUNCT
abrj-501	299	1	chen	chen	PROPN
abrj-501	299	2	,	,	PUNCT
abrj-501	299	3	h.	h.	PROPN
abrj-501	299	4	,	,	PUNCT
abrj-501	299	5	chiang	chiang	PROPN
abrj-501	299	6	,	,	PUNCT
abrj-501	299	7	r.	r.	PROPN
abrj-501	299	8	h.	h.	PROPN
abrj-501	299	9	,	,	PUNCT
abrj-501	299	10	&	&	CCONJ
abrj-501	299	11	storey	storey	PROPN
abrj-501	299	12	,	,	PUNCT
abrj-501	299	13	v.	v.	PROPN
abrj-501	299	14	c.	c.	PROPN
abrj-501	299	15	(	(	PUNCT
abrj-501	299	16	2012	2012	NUM
abrj-501	299	17	)	)	PUNCT
abrj-501	299	18	.	.	PUNCT
abrj-501	300	1	business	business	NOUN
abrj-501	300	2	intelligence	intelligence	PROPN
abrj-501	300	3	and	and	CCONJ
abrj-501	300	4	analytics	analytic	NOUN
abrj-501	300	5	:	:	PUNCT
abrj-501	300	6	from	from	ADP
abrj-501	300	7	big	big	ADJ
abrj-501	300	8	data	datum	NOUN
abrj-501	300	9	to	to	ADP
abrj-501	300	10	big	big	ADJ
abrj-501	300	11	impact	impact	NOUN
abrj-501	300	12	.	.	PUNCT
abrj-501	301	1	mis	mis	PROPN
abrj-501	301	2	quarterly	quarterly	PROPN
abrj-501	301	3	,	,	PUNCT
abrj-501	301	4	36(4	36(4	NUM
abrj-501	301	5	)	)	PUNCT
abrj-501	301	6	,	,	PUNCT
abrj-501	301	7	1165	1165	NUM
abrj-501	301	8	–	–	PUNCT
abrj-501	301	9	1188	1188	NUM
abrj-501	301	10	.	.	PUNCT
abrj-501	302	1	https://doi.org/10.2307/41703503	https://doi.org/10.2307/41703503	ADV
abrj-501	302	2	chen	chen	PROPN
abrj-501	302	3	,	,	PUNCT
abrj-501	302	4	y.	y.	PROPN
abrj-501	302	5	,	,	PUNCT
abrj-501	302	6	&	&	CCONJ
abrj-501	302	7	zhang	zhang	PROPN
abrj-501	302	8	,	,	PUNCT
abrj-501	302	9	l.	l.	PROPN
abrj-501	302	10	(	(	PUNCT
abrj-501	302	11	2014	2014	NUM
abrj-501	302	12	)	)	PUNCT
abrj-501	302	13	.	.	PUNCT
abrj-501	303	1	dynamic	dynamic	ADJ
abrj-501	303	2	capital	capital	NOUN
abrj-501	303	3	structure	structure	NOUN
abrj-501	303	4	adjustment	adjustment	NOUN
abrj-501	303	5	and	and	CCONJ
abrj-501	303	6	the	the	DET
abrj-501	303	7	impact	impact	NOUN
abrj-501	303	8	of	of	ADP
abrj-501	303	9	fractional	fractional	ADJ
abrj-501	303	10	dependent	dependent	ADJ
abrj-501	303	11	variables	variable	NOUN
abrj-501	303	12	.	.	PUNCT
abrj-501	304	1	journal	journal	NOUN
abrj-501	304	2	of	of	ADP
abrj-501	304	3	financial	financial	ADJ
abrj-501	304	4	and	and	CCONJ
abrj-501	304	5	quantitative	quantitative	ADJ
abrj-501	304	6	analysis	analysis	NOUN
abrj-501	304	7	,	,	PUNCT
abrj-501	304	8	49(2	49(2	NUM
abrj-501	304	9	)	)	PUNCT
abrj-501	304	10	,	,	PUNCT
abrj-501	304	11	317–339	317–339	NUM
abrj-501	304	12	.	.	PUNCT
abrj-501	305	1	https://doi.org/10.1017/s0022109014000209	https://doi.org/10.1017/s0022109014000209	NUM
abrj-501	305	2	davenport	davenport	NOUN
abrj-501	305	3	,	,	PUNCT
abrj-501	305	4	t.	t.	PROPN
abrj-501	305	5	h.	h.	PROPN
abrj-501	305	6	,	,	PUNCT
abrj-501	305	7	&	&	CCONJ
abrj-501	305	8	harris	harris	PROPN
abrj-501	305	9	,	,	PUNCT
abrj-501	305	10	j.	j.	PROPN
abrj-501	305	11	g.	g.	PROPN
abrj-501	305	12	(	(	PUNCT
abrj-501	305	13	2007	2007	NUM
abrj-501	305	14	)	)	PUNCT
abrj-501	305	15	.	.	PUNCT
abrj-501	306	1	competing	compete	VERB
abrj-501	306	2	on	on	ADP
abrj-501	306	3	analytics	analytic	NOUN
abrj-501	306	4	:	:	PUNCT
abrj-501	306	5	the	the	DET
abrj-501	306	6	new	new	ADJ
abrj-501	306	7	science	science	NOUN
abrj-501	306	8	of	of	ADP
abrj-501	306	9	winning	win	VERB
abrj-501	306	10	.	.	PUNCT
abrj-501	307	1	harvard	harvard	PROPN
abrj-501	307	2	business	business	PROPN
abrj-501	307	3	review	review	PROPN
abrj-501	307	4	press	press	NOUN
abrj-501	307	5	.	.	PUNCT
abrj-501	308	1	deangelo	deangelo	PROPN
abrj-501	308	2	,	,	PUNCT
abrj-501	308	3	h.	h.	PROPN
abrj-501	308	4	,	,	PUNCT
abrj-501	308	5	&	&	CCONJ
abrj-501	308	6	masulis	masulis	PROPN
abrj-501	308	7	,	,	PUNCT
abrj-501	308	8	r.	r.	PROPN
abrj-501	308	9	w.	w.	PROPN
abrj-501	308	10	(	(	PUNCT
abrj-501	308	11	1980	1980	NUM
abrj-501	308	12	)	)	PUNCT
abrj-501	308	13	.	.	PUNCT
abrj-501	309	1	optimal	optimal	ADJ
abrj-501	309	2	capital	capital	NOUN
abrj-501	309	3	structure	structure	NOUN
abrj-501	309	4	under	under	ADP
abrj-501	309	5	corporate	corporate	ADJ
abrj-501	309	6	and	and	CCONJ
abrj-501	309	7	personal	personal	ADJ
abrj-501	309	8	taxation	taxation	NOUN
abrj-501	309	9	.	.	PUNCT
abrj-501	310	1	journal	journal	NOUN
abrj-501	310	2	of	of	ADP
abrj-501	310	3	financial	financial	ADJ
abrj-501	310	4	economics	economic	NOUN
abrj-501	310	5	,	,	PUNCT
abrj-501	310	6	8(1	8(1	NOUN
abrj-501	310	7	)	)	PUNCT
abrj-501	310	8	,	,	PUNCT
abrj-501	310	9	3–29	3–29	PROPN
abrj-501	310	10	.	.	PUNCT
abrj-501	311	1	https://doi.org/10.1016/0304-405x(80)90019-7	https://doi.org/10.1016/0304-405x(80)90019-7	PROPN
abrj-501	311	2	djankov	djankov	PROPN
abrj-501	311	3	,	,	PUNCT
abrj-501	311	4	s.	s.	PROPN
abrj-501	311	5	,	,	PUNCT
abrj-501	311	6	mcliesh	mcliesh	PROPN
abrj-501	311	7	,	,	PUNCT
abrj-501	311	8	c.	c.	PROPN
abrj-501	311	9	,	,	PUNCT
abrj-501	311	10	&	&	CCONJ
abrj-501	311	11	shleifer	shleifer	PROPN
abrj-501	311	12	,	,	PUNCT
abrj-501	311	13	a.	a.	NOUN
abrj-501	311	14	(	(	PUNCT
abrj-501	311	15	2007	2007	NUM
abrj-501	311	16	)	)	PUNCT
abrj-501	311	17	.	.	PUNCT
abrj-501	312	1	private	private	ADJ
abrj-501	312	2	credit	credit	NOUN
abrj-501	312	3	in	in	ADP
abrj-501	312	4	129	129	NUM
abrj-501	312	5	countries	country	NOUN
abrj-501	312	6	.	.	PUNCT
abrj-501	313	1	journal	journal	NOUN
abrj-501	313	2	of	of	ADP
abrj-501	313	3	financial	financial	ADJ
abrj-501	313	4	economics	economic	NOUN
abrj-501	313	5	,	,	PUNCT
abrj-501	313	6	84(2	84(2	NUM
abrj-501	313	7	)	)	PUNCT
abrj-501	313	8	,	,	PUNCT
abrj-501	313	9	299–329	299–329	NUM
abrj-501	313	10	.	.	PUNCT
abrj-501	314	1	https://doi.org/10.1016/j.jfineco.2006.03.004	https://doi.org/10.1016/j.jfineco.2006.03.004	NOUN
abrj-501	314	2	faulkender	faulkender	NOUN
abrj-501	314	3	,	,	PUNCT
abrj-501	314	4	m.	m.	NOUN
abrj-501	314	5	,	,	PUNCT
abrj-501	314	6	flannery	flannery	PROPN
abrj-501	314	7	,	,	PUNCT
abrj-501	314	8	m.	m.	PROPN
abrj-501	314	9	j.	j.	PROPN
abrj-501	314	10	,	,	PUNCT
abrj-501	314	11	hankins	hankins	PROPN
abrj-501	314	12	,	,	PUNCT
abrj-501	314	13	k.	k.	PROPN
abrj-501	314	14	w.	w.	PROPN
abrj-501	314	15	,	,	PUNCT
abrj-501	314	16	&	&	CCONJ
abrj-501	314	17	smith	smith	PROPN
abrj-501	314	18	,	,	PUNCT
abrj-501	314	19	j.	j.	PROPN
abrj-501	314	20	m.	m.	PROPN
abrj-501	314	21	(	(	PUNCT
abrj-501	314	22	2012	2012	NUM
abrj-501	314	23	)	)	PUNCT
abrj-501	314	24	.	.	PUNCT
abrj-501	315	1	cash	cash	NOUN
abrj-501	315	2	flows	flow	NOUN
abrj-501	315	3	and	and	CCONJ
abrj-501	315	4	leverage	leverage	NOUN
abrj-501	315	5	adjustments	adjustment	NOUN
abrj-501	315	6	.	.	PUNCT
abrj-501	316	1	journal	journal	NOUN
abrj-501	316	2	of	of	ADP
abrj-501	316	3	financial	financial	ADJ
abrj-501	316	4	economics	economic	NOUN
abrj-501	316	5	,	,	PUNCT
abrj-501	316	6	103(3	103(3	NUM
abrj-501	316	7	)	)	PUNCT
abrj-501	316	8	,	,	PUNCT
abrj-501	316	9	632–646	632–646	NUM
abrj-501	316	10	.	.	PUNCT
abrj-501	317	1	https://doi.org/10.1016/j.jfineco.2011.10.013	https://doi.org/10.1016/j.jfineco.2011.10.013	VERB
abrj-501	317	2	frank	frank	PROPN
abrj-501	317	3	,	,	PUNCT
abrj-501	317	4	m.	m.	NOUN
abrj-501	317	5	z.	z.	PROPN
abrj-501	317	6	,	,	PUNCT
abrj-501	317	7	&	&	CCONJ
abrj-501	317	8	goyal	goyal	PROPN
abrj-501	317	9	,	,	PUNCT
abrj-501	317	10	v.	v.	PROPN
abrj-501	317	11	k.	k.	PROPN
abrj-501	318	1	(	(	PUNCT
abrj-501	318	2	2009	2009	NUM
abrj-501	318	3	)	)	PUNCT
abrj-501	318	4	.	.	PUNCT
abrj-501	319	1	capital	capital	NOUN
abrj-501	319	2	structure	structure	NOUN
abrj-501	319	3	decisions	decision	NOUN
abrj-501	319	4	:	:	PUNCT
abrj-501	319	5	which	which	DET
abrj-501	319	6	factors	factor	NOUN
abrj-501	319	7	are	be	AUX
abrj-501	319	8	reliably	reliably	ADV
abrj-501	319	9	important	important	ADJ
abrj-501	319	10	?	?	PUNCT
abrj-501	320	1	financial	financial	ADJ
abrj-501	320	2	management	management	NOUN
abrj-501	320	3	,	,	PUNCT
abrj-501	320	4	38(1	38(1	NUM
abrj-501	320	5	)	)	PUNCT
abrj-501	320	6	,	,	PUNCT
abrj-501	320	7	1–37	1–37	NOUN
abrj-501	320	8	.	.	PUNCT
abrj-501	321	1	https://doi.org/10.1111/j.1755-053x.2009.01026.x	https://doi.org/10.1111/j.1755-053x.2009.01026.x	PROPN
abrj-501	321	2	kraus	kraus	PROPN
abrj-501	321	3	,	,	PUNCT
abrj-501	321	4	a.	a.	PROPN
abrj-501	321	5	,	,	PUNCT
abrj-501	321	6	&	&	CCONJ
abrj-501	321	7	litzenberger	litzenberger	PROPN
abrj-501	321	8	,	,	PUNCT
abrj-501	321	9	r.	r.	PROPN
abrj-501	321	10	h.	h.	PROPN
abrj-501	321	11	(	(	PUNCT
abrj-501	321	12	1973	1973	NUM
abrj-501	321	13	)	)	PUNCT
abrj-501	321	14	.	.	PUNCT
abrj-501	322	1	a	a	DET
abrj-501	322	2	state	state	NOUN
abrj-501	322	3	-	-	PUNCT
abrj-501	322	4	preference	preference	NOUN
abrj-501	322	5	model	model	NOUN
abrj-501	322	6	of	of	ADP
abrj-501	322	7	optimal	optimal	ADJ
abrj-501	322	8	financial	financial	ADJ
abrj-501	322	9	leverage	leverage	NOUN
abrj-501	322	10	.	.	PUNCT
abrj-501	323	1	journal	journal	NOUN
abrj-501	323	2	of	of	ADP
abrj-501	323	3	finance	finance	NOUN
abrj-501	323	4	,	,	PUNCT
abrj-501	323	5	28(4	28(4	NUM
abrj-501	323	6	)	)	PUNCT
abrj-501	323	7	,	,	PUNCT
abrj-501	323	8	911–922	911–922	NUM
abrj-501	323	9	.	.	PUNCT
abrj-501	324	1	https://doi.org/10.1111/j.1540-6261.1973.tb01415.x	https://doi.org/10.1111/j.1540-6261.1973.tb01415.x	PROPN
abrj-501	324	2	le	le	X
abrj-501	324	3	,	,	PUNCT
abrj-501	324	4	t.	t.	PROPN
abrj-501	324	5	p.	p.	PROPN
abrj-501	324	6	v.	v.	PROPN
abrj-501	324	7	,	,	PUNCT
abrj-501	324	8	&	&	CCONJ
abrj-501	324	9	nguyen	nguyen	PROPN
abrj-501	324	10	,	,	PUNCT
abrj-501	324	11	a.	a.	PROPN
abrj-501	324	12	h.	h.	PROPN
abrj-501	324	13	(	(	PUNCT
abrj-501	324	14	2017	2017	NUM
abrj-501	324	15	)	)	PUNCT
abrj-501	324	16	.	.	PUNCT
abrj-501	325	1	capital	capital	NOUN
abrj-501	325	2	structure	structure	NOUN
abrj-501	325	3	and	and	CCONJ
abrj-501	325	4	firm	firm	ADJ
abrj-501	325	5	performance	performance	NOUN
abrj-501	325	6	in	in	ADP
abrj-501	325	7	vietnam	vietnam	PROPN
abrj-501	325	8	:	:	PUNCT
abrj-501	325	9	a	a	DET
abrj-501	325	10	panel	panel	NOUN
abrj-501	325	11	data	datum	NOUN
abrj-501	325	12	approach	approach	NOUN
abrj-501	325	13	.	.	PUNCT
abrj-501	326	1	asian	asian	ADJ
abrj-501	326	2	journal	journal	PROPN
abrj-501	326	3	of	of	ADP
abrj-501	326	4	business	business	NOUN
abrj-501	326	5	and	and	CCONJ
abrj-501	326	6	management	management	NOUN
abrj-501	326	7	,	,	PUNCT
abrj-501	326	8	5(2	5(2	NUM
abrj-501	326	9	)	)	PUNCT
abrj-501	326	10	,	,	PUNCT
abrj-501	326	11	45–58	45–58	NOUN
abrj-501	326	12	.	.	PUNCT
abrj-501	327	1	https://doi.org/10.24203/ajbm.v5i2.4578	https://doi.org/10.24203/ajbm.v5i2.4578	X
abrj-501	327	2	mata	mata	PROPN
abrj-501	327	3	,	,	PUNCT
abrj-501	327	4	f.	f.	PROPN
abrj-501	327	5	j.	j.	PROPN
abrj-501	327	6	,	,	PUNCT
abrj-501	327	7	fuerst	fuerst	PROPN
abrj-501	327	8	,	,	PUNCT
abrj-501	327	9	w.	w.	PROPN
abrj-501	327	10	l.	l.	PROPN
abrj-501	327	11	,	,	PUNCT
abrj-501	327	12	&	&	CCONJ
abrj-501	327	13	barney	barney	PROPN
abrj-501	327	14	,	,	PUNCT
abrj-501	327	15	j.	j.	PROPN
abrj-501	327	16	b.	b.	PROPN
abrj-501	327	17	(	(	PUNCT
abrj-501	327	18	1995	1995	NUM
abrj-501	327	19	)	)	PUNCT
abrj-501	327	20	.	.	PUNCT
abrj-501	328	1	information	information	NOUN
abrj-501	328	2	technology	technology	NOUN
abrj-501	328	3	and	and	CCONJ
abrj-501	328	4	sustained	sustain	VERB
abrj-501	328	5	competitive	competitive	ADJ
abrj-501	328	6	advantage	advantage	NOUN
abrj-501	328	7	:	:	PUNCT
abrj-501	328	8	a	a	DET
abrj-501	328	9	resource	resource	NOUN
abrj-501	328	10	-	-	PUNCT
abrj-501	328	11	based	base	VERB
abrj-501	328	12	analysis	analysis	NOUN
abrj-501	328	13	.	.	PUNCT
abrj-501	329	1	mis	mis	PROPN
abrj-501	329	2	quarterly	quarterly	PROPN
abrj-501	329	3	,	,	PUNCT
abrj-501	329	4	19(4	19(4	PROPN
abrj-501	329	5	)	)	PUNCT
abrj-501	329	6	,	,	PUNCT
abrj-501	329	7	487–505	487–505	NUM
abrj-501	329	8	.	.	PUNCT
abrj-501	330	1	https://doi.org/10.2307/249630	https://doi.org/10.2307/249630	PROPN
abrj-501	330	2	myers	myers	PROPN
abrj-501	330	3	,	,	PUNCT
abrj-501	330	4	s.	s.	PROPN
abrj-501	330	5	c.	c.	PROPN
abrj-501	330	6	(	(	PUNCT
abrj-501	330	7	1984	1984	NUM
abrj-501	330	8	)	)	PUNCT
abrj-501	330	9	.	.	PUNCT
abrj-501	331	1	the	the	DET
abrj-501	331	2	capital	capital	NOUN
abrj-501	331	3	structure	structure	NOUN
abrj-501	331	4	puzzle	puzzle	NOUN
abrj-501	331	5	.	.	PUNCT
abrj-501	332	1	journal	journal	NOUN
abrj-501	332	2	of	of	ADP
abrj-501	332	3	finance	finance	NOUN
abrj-501	332	4	,	,	PUNCT
abrj-501	332	5	39(3	39(3	NUM
abrj-501	332	6	)	)	PUNCT
abrj-501	332	7	,	,	PUNCT
abrj-501	332	8	574–592	574–592	NUM
abrj-501	332	9	.	.	PUNCT
abrj-501	333	1	https://doi.org/10.1111/j.1540-6261.1984.tb03646.x	https://doi.org/10.1111/j.1540-6261.1984.tb03646.x	PROPN
abrj-501	333	2	nguyen	nguyen	NOUN
abrj-501	333	3	,	,	PUNCT
abrj-501	333	4	t.	t.	PROPN
abrj-501	333	5	h.	h.	PROPN
abrj-501	333	6	,	,	PUNCT
abrj-501	333	7	&	&	CCONJ
abrj-501	333	8	nguyen	nguyen	PROPN
abrj-501	333	9	,	,	PUNCT
abrj-501	333	10	a.	a.	PROPN
abrj-501	333	11	h.	h.	PROPN
abrj-501	333	12	(	(	PUNCT
abrj-501	333	13	2015	2015	NUM
abrj-501	333	14	)	)	PUNCT
abrj-501	333	15	.	.	PUNCT
abrj-501	334	1	capital	capital	NOUN
abrj-501	334	2	structure	structure	NOUN
abrj-501	334	3	and	and	CCONJ
abrj-501	334	4	firm	firm	ADJ
abrj-501	334	5	performance	performance	NOUN
abrj-501	334	6	:	:	PUNCT
abrj-501	334	7	evidence	evidence	NOUN
abrj-501	334	8	from	from	ADP
abrj-501	334	9	vietnam	vietnam	PROPN
abrj-501	334	10	's	's	PART
abrj-501	334	11	stock	stock	NOUN
abrj-501	334	12	exchange	exchange	NOUN
abrj-501	334	13	.	.	PUNCT
abrj-501	335	1	international	international	ADJ
abrj-501	335	2	journal	journal	PROPN
abrj-501	335	3	of	of	ADP
abrj-501	335	4	economics	economic	NOUN
abrj-501	335	5	and	and	CCONJ
abrj-501	335	6	finance	finance	NOUN
abrj-501	335	7	,	,	PUNCT
abrj-501	335	8	7(1	7(1	NUM
abrj-501	335	9	)	)	PUNCT
abrj-501	335	10	,	,	PUNCT
abrj-501	335	11	1–10	1–10	NOUN
abrj-501	335	12	.	.	PUNCT
abrj-501	336	1	https://doi.org/10.5539/ijef.v7n1p1	https://doi.org/10.5539/ijef.v7n1p1	PROPN
abrj-501	336	2	nguyen	nguyen	NOUN
abrj-501	336	3	,	,	PUNCT
abrj-501	336	4	t.	t.	PROPN
abrj-501	336	5	h.	h.	PROPN
abrj-501	336	6	,	,	PUNCT
abrj-501	336	7	nguyen	nguyen	PROPN
abrj-501	336	8	,	,	PUNCT
abrj-501	336	9	a.	a.	PROPN
abrj-501	336	10	h.	h.	PROPN
abrj-501	336	11	,	,	PUNCT
abrj-501	336	12	&	&	CCONJ
abrj-501	336	13	phan	phan	PROPN
abrj-501	336	14	,	,	PUNCT
abrj-501	336	15	h.	h.	PROPN
abrj-501	336	16	t.	t.	PROPN
abrj-501	336	17	(	(	PUNCT
abrj-501	336	18	2015	2015	NUM
abrj-501	336	19	)	)	PUNCT
abrj-501	336	20	.	.	PUNCT
abrj-501	337	1	determinants	determinant	NOUN
abrj-501	337	2	of	of	ADP
abrj-501	337	3	capital	capital	NOUN
abrj-501	337	4	structure	structure	NOUN
abrj-501	337	5	in	in	ADP
abrj-501	337	6	small	small	ADJ
abrj-501	337	7	and	and	CCONJ
abrj-501	337	8	medium	medium	ADJ
abrj-501	337	9	-	-	PUNCT
abrj-501	337	10	sized	sized	ADJ
abrj-501	337	11	enterprises	enterprise	NOUN
abrj-501	337	12	:	:	PUNCT
abrj-501	337	13	evidence	evidence	NOUN
abrj-501	337	14	from	from	ADP
abrj-501	337	15	vietnam	vietnam	PROPN
abrj-501	337	16	.	.	PUNCT
abrj-501	338	1	journal	journal	PROPN
abrj-501	338	2	of	of	ADP
abrj-501	338	3	international	international	ADJ
abrj-501	338	4	business	business	NOUN
abrj-501	338	5	research	research	NOUN
abrj-501	338	6	,	,	PUNCT
abrj-501	338	7	14(3	14(3	NUM
abrj-501	338	8	)	)	PUNCT
abrj-501	338	9	,	,	PUNCT
abrj-501	338	10	87–102	87–102	NUM
abrj-501	338	11	.	.	PUNCT
abrj-501	339	1	https://doi.org/10.18374/jibr-14-3.7	https://doi.org/10.18374/jibr-14-3.7	NOUN
abrj-501	339	2	nguyen	nguyen	NOUN
abrj-501	339	3	,	,	PUNCT
abrj-501	339	4	t.	t.	PROPN
abrj-501	339	5	t.	t.	PROPN
abrj-501	339	6	,	,	PUNCT
abrj-501	339	7	&	&	CCONJ
abrj-501	339	8	ramachandran	ramachandran	PROPN
abrj-501	339	9	,	,	PUNCT
abrj-501	339	10	n.	n.	NOUN
abrj-501	339	11	(	(	PUNCT
abrj-501	339	12	2006	2006	NUM
abrj-501	339	13	)	)	PUNCT
abrj-501	339	14	.	.	PUNCT
abrj-501	340	1	capital	capital	NOUN
abrj-501	340	2	structure	structure	NOUN
abrj-501	340	3	in	in	ADP
abrj-501	340	4	small	small	ADJ
abrj-501	340	5	and	and	CCONJ
abrj-501	340	6	medium	medium	ADJ
abrj-501	340	7	-	-	PUNCT
abrj-501	340	8	sized	sized	ADJ
abrj-501	340	9	enterprises	enterprise	NOUN
abrj-501	340	10	:	:	PUNCT
abrj-501	340	11	the	the	DET
abrj-501	340	12	case	case	NOUN
abrj-501	340	13	of	of	ADP
abrj-501	340	14	vietnam	vietnam	PROPN
abrj-501	340	15	.	.	PUNCT
abrj-501	341	1	asean	asean	ADJ
abrj-501	341	2	economic	economic	ADJ
abrj-501	341	3	bulletin	bulletin	NOUN
abrj-501	341	4	,	,	PUNCT
abrj-501	341	5	23(2	23(2	NOUN
abrj-501	341	6	)	)	PUNCT
abrj-501	341	7	,	,	PUNCT
abrj-501	341	8	192–211	192–211	NUM
abrj-501	341	9	.	.	PUNCT
abrj-501	342	1	https://doi.org/10.1355/ae23-2d	https://doi.org/10.1355/ae23-2d	NOUN
abrj-501	342	2	sambamurthy	sambamurthy	ADJ
abrj-501	342	3	,	,	PUNCT
abrj-501	342	4	v.	v.	PROPN
abrj-501	342	5	,	,	PUNCT
abrj-501	342	6	bharadwaj	bharadwaj	PROPN
abrj-501	342	7	,	,	PUNCT
abrj-501	342	8	a.	a.	PROPN
abrj-501	342	9	,	,	PUNCT
abrj-501	342	10	&	&	CCONJ
abrj-501	342	11	grover	grover	PROPN
abrj-501	342	12	,	,	PUNCT
abrj-501	342	13	v.	v.	PROPN
abrj-501	342	14	(	(	PUNCT
abrj-501	342	15	2003	2003	NUM
abrj-501	342	16	)	)	PUNCT
abrj-501	342	17	.	.	PUNCT
abrj-501	343	1	shaping	shape	VERB
abrj-501	343	2	agility	agility	NOUN
abrj-501	343	3	through	through	ADP
abrj-501	343	4	digital	digital	ADJ
abrj-501	343	5	options	option	NOUN
abrj-501	343	6	:	:	PUNCT
abrj-501	343	7	reconceptualizing	reconceptualize	VERB
abrj-501	343	8	the	the	DET
abrj-501	343	9	role	role	NOUN
abrj-501	343	10	of	of	ADP
abrj-501	343	11	information	information	NOUN
abrj-501	343	12	technology	technology	NOUN
abrj-501	343	13	in	in	ADP
abrj-501	343	14	contemporary	contemporary	ADJ
abrj-501	343	15	firms	firm	NOUN
abrj-501	343	16	.	.	PUNCT
abrj-501	344	1	mis	mis	PROPN
abrj-501	344	2	quarterly	quarterly	PROPN
abrj-501	344	3	,	,	PUNCT
abrj-501	344	4	27(2	27(2	PRON
abrj-501	344	5	)	)	PUNCT
abrj-501	344	6	,	,	PUNCT
abrj-501	344	7	237–263	237–263	NUM
abrj-501	344	8	.	.	PUNCT
abrj-501	345	1	https://doi.org/10.2307/30036530	https://doi.org/10.2307/30036530	PROPN
abrj-501	345	2	teece	teece	PROPN
abrj-501	345	3	,	,	PUNCT
abrj-501	345	4	d.	d.	PROPN
abrj-501	345	5	j.	j.	PROPN
abrj-501	345	6	,	,	PUNCT
abrj-501	345	7	pisano	pisano	PROPN
abrj-501	345	8	,	,	PUNCT
abrj-501	345	9	g.	g.	PROPN
abrj-501	345	10	,	,	PUNCT
abrj-501	345	11	&	&	CCONJ
abrj-501	345	12	shuen	shuen	PROPN
abrj-501	345	13	,	,	PUNCT
abrj-501	345	14	a.	a.	NOUN
abrj-501	345	15	(	(	PUNCT
abrj-501	345	16	1997	1997	NUM
abrj-501	345	17	)	)	PUNCT
abrj-501	345	18	.	.	PUNCT
abrj-501	346	1	dynamic	dynamic	ADJ
abrj-501	346	2	capabilities	capability	NOUN
abrj-501	346	3	and	and	CCONJ
abrj-501	346	4	strategic	strategic	ADJ
abrj-501	346	5	management	management	NOUN
abrj-501	346	6	.	.	PUNCT
abrj-501	347	1	strategic	strategic	ADJ
abrj-501	347	2	management	management	NOUN
abrj-501	347	3	journal	journal	NOUN
abrj-501	347	4	,	,	PUNCT
abrj-501	347	5	18(7	18(7	NUM
abrj-501	347	6	)	)	PUNCT
abrj-501	347	7	,	,	PUNCT
abrj-501	347	8	509–533	509–533	NUM
abrj-501	347	9	.	.	PUNCT
abrj-501	348	1	https://doi.org/10.1002/(sici)1097-0266(199708)18:7<509::aid-smj882>3.0.co;2-z	https://doi.org/10.1002/(sici)1097-0266(199708)18:7<509::aid-smj882>3.0.co;2-z	PROPN
abrj-501	348	2	tran	tran	PROPN
abrj-501	348	3	,	,	PUNCT
abrj-501	348	4	v.	v.	PROPN
abrj-501	348	5	t.	t.	PROPN
abrj-501	348	6	,	,	PUNCT
abrj-501	348	7	&	&	CCONJ
abrj-501	348	8	nguyen	nguyen	PROPN
abrj-501	348	9	,	,	PUNCT
abrj-501	348	10	h.	h.	PROPN
abrj-501	348	11	a.	a.	PROPN
abrj-501	348	12	(	(	PUNCT
abrj-501	348	13	2016	2016	NUM
abrj-501	348	14	)	)	PUNCT
abrj-501	348	15	.	.	PUNCT
abrj-501	349	1	the	the	DET
abrj-501	349	2	impact	impact	NOUN
abrj-501	349	3	of	of	ADP
abrj-501	349	4	information	information	NOUN
abrj-501	349	5	technology	technology	NOUN
abrj-501	349	6	on	on	ADP
abrj-501	349	7	capital	capital	NOUN
abrj-501	349	8	structure	structure	NOUN
abrj-501	349	9	decisions	decision	NOUN
abrj-501	349	10	:	:	PUNCT
abrj-501	349	11	evidence	evidence	NOUN
abrj-501	349	12	from	from	ADP
abrj-501	349	13	vietnamese	vietnamese	ADJ
abrj-501	349	14	listed	list	VERB
abrj-501	349	15	companies	company	NOUN
abrj-501	349	16	.	.	PUNCT
abrj-501	350	1	asian	asian	ADJ
abrj-501	350	2	journal	journal	PROPN
abrj-501	350	3	of	of	ADP
abrj-501	350	4	finance	finance	PROPN
abrj-501	350	5	&	&	CCONJ
abrj-501	350	6	accounting	accounting	PROPN
abrj-501	350	7	,	,	PUNCT
abrj-501	350	8	8(1	8(1	NOUN
abrj-501	350	9	)	)	PUNCT
abrj-501	350	10	,	,	PUNCT
abrj-501	350	11	123–140	123–140	NUM
abrj-501	350	12	.	.	PUNCT
abrj-501	351	1	https://doi.org/10.5296/ajfa.v8i1.9087	https://doi.org/10.5296/ajfa.v8i1.9087	PROPN
abrj-501	351	2	wamba	wamba	NOUN
abrj-501	351	3	,	,	PUNCT
abrj-501	351	4	s.	s.	PROPN
abrj-501	351	5	f.	f.	PROPN
abrj-501	351	6	,	,	PUNCT
abrj-501	351	7	akter	akter	PROPN
abrj-501	351	8	,	,	PUNCT
abrj-501	351	9	s.	s.	PROPN
abrj-501	351	10	,	,	PUNCT
abrj-501	351	11	edwards	edwards	PROPN
abrj-501	351	12	,	,	PUNCT
abrj-501	351	13	a.	a.	PROPN
abrj-501	351	14	,	,	PUNCT
abrj-501	351	15	chopin	chopin	PROPN
abrj-501	351	16	,	,	PUNCT
abrj-501	351	17	g.	g.	PROPN
abrj-501	351	18	,	,	PUNCT
abrj-501	351	19	&	&	CCONJ
abrj-501	351	20	gnanzou	gnanzou	PROPN
abrj-501	351	21	,	,	PUNCT
abrj-501	351	22	d.	d.	PROPN
abrj-501	351	23	(	(	PUNCT
abrj-501	351	24	2015	2015	NUM
abrj-501	351	25	)	)	PUNCT
abrj-501	351	26	.	.	PUNCT
abrj-501	352	1	how	how	SCONJ
abrj-501	352	2	“	"	PUNCT
abrj-501	352	3	big	big	ADJ
abrj-501	352	4	data	datum	NOUN
abrj-501	352	5	”	"	PUNCT
abrj-501	352	6	can	can	AUX
abrj-501	352	7	make	make	VERB
abrj-501	352	8	big	big	ADJ
abrj-501	352	9	impact	impact	NOUN
abrj-501	352	10	:	:	PUNCT
abrj-501	352	11	findings	finding	NOUN
abrj-501	352	12	from	from	ADP
abrj-501	352	13	a	a	DET
abrj-501	352	14	systematic	systematic	ADJ
abrj-501	352	15	review	review	NOUN
abrj-501	352	16	and	and	CCONJ
abrj-501	352	17	a	a	DET
abrj-501	352	18	longitudinal	longitudinal	ADJ
abrj-501	352	19	case	case	NOUN
abrj-501	352	20	study	study	NOUN
abrj-501	352	21	.	.	PUNCT
abrj-501	353	1	international	international	ADJ
abrj-501	353	2	journal	journal	PROPN
abrj-501	353	3	of	of	ADP
abrj-501	353	4	production	production	NOUN
abrj-501	353	5	economics	economic	NOUN
abrj-501	353	6	,	,	PUNCT
abrj-501	353	7	165	165	NUM
abrj-501	353	8	,	,	PUNCT
abrj-501	353	9	234–246	234–246	NUM
abrj-501	353	10	.	.	PUNCT
abrj-501	354	1	https://doi.org/10.1016/j.ijpe.2014.12.031	https://doi.org/10.1016/j.ijpe.2014.12.031	NOUN
abrj-501	354	2	world	world	NOUN
abrj-501	354	3	bank	bank	NOUN
abrj-501	354	4	.	.	PUNCT
abrj-501	355	1	(	(	PUNCT
abrj-501	355	2	2016	2016	NUM
abrj-501	355	3	)	)	PUNCT
abrj-501	355	4	.	.	PUNCT
abrj-501	356	1	vietnam	vietnam	PROPN
abrj-501	356	2	2035	2035	NUM
abrj-501	356	3	:	:	PUNCT
abrj-501	356	4	toward	toward	ADP
abrj-501	356	5	prosperity	prosperity	NOUN
abrj-501	356	6	,	,	PUNCT
abrj-501	356	7	creativity	creativity	NOUN
abrj-501	356	8	,	,	PUNCT
abrj-501	356	9	equity	equity	NOUN
abrj-501	356	10	,	,	PUNCT
abrj-501	356	11	and	and	CCONJ
abrj-501	356	12	democracy	democracy	NOUN
abrj-501	356	13	.	.	PUNCT
abrj-501	357	1	world	world	PROPN
abrj-501	357	2	bank	bank	PROPN
abrj-501	357	3	publications	publication	NOUN
abrj-501	357	4	.	.	PUNCT
abrj-501	358	1	https://doi.org/10.1111/jifm.12053	https://doi.org/10.1111/jifm.12053	PROPN
abrj-501	358	2	https://doi.org/10.2307/2297968	https://doi.org/10.2307/2297968	NUM
abrj-501	358	3	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	NOUN
abrj-501	358	4	https://doi.org/10.2307/3250983	https://doi.org/10.2307/3250983	NOUN
abrj-501	359	1	https://doi.org/10.1016/s0304-4076(98)00009-8	https://doi.org/10.1016/s0304-4076(98)00009-8	PROPN
abrj-501	359	2	https://doi.org/10.1111/0022-1082.00320	https://doi.org/10.1111/0022-1082.00320	PROPN
abrj-501	359	3	https://doi.org/10.1257/jep.14.4.23	https://doi.org/10.1257/jep.14.4.23	VERB
abrj-501	359	4	https://doi.org/10.1162/003465303772815736	https://doi.org/10.1162/003465303772815736	NOUN
abrj-501	359	5	https://doi.org/10.2307/41703503	https://doi.org/10.2307/41703503	ADV
abrj-501	359	6	https://doi.org/10.1017/s0022109014000209	https://doi.org/10.1017/s0022109014000209	NOUN
abrj-501	359	7	https://doi.org/10.1016/0304-405x(80)90019-7	https://doi.org/10.1016/0304-405x(80)90019-7	PROPN
abrj-501	359	8	https://doi.org/10.1016/j.jfineco.2006.03.004	https://doi.org/10.1016/j.jfineco.2006.03.004	NOUN
abrj-501	359	9	https://doi.org/10.1016/j.jfineco.2011.10.013	https://doi.org/10.1016/j.jfineco.2011.10.013	VERB
abrj-501	359	10	https://doi.org/10.1111/j.1755-053x.2009.01026.x	https://doi.org/10.1111/j.1755-053x.2009.01026.x	VERB
abrj-501	359	11	https://doi.org/10.1111/j.1540-6261.1973.tb01415.x	https://doi.org/10.1111/j.1540-6261.1973.tb01415.x	PROPN
abrj-501	359	12	https://doi.org/10.24203/ajbm.v5i2.4578	https://doi.org/10.24203/ajbm.v5i2.4578	PROPN
abrj-501	359	13	https://doi.org/10.2307/249630	https://doi.org/10.2307/249630	NOUN
abrj-501	359	14	https://doi.org/10.1111/j.1540-6261.1984.tb03646.x	https://doi.org/10.1111/j.1540-6261.1984.tb03646.x	PROPN
abrj-501	359	15	https://doi.org/10.5539/ijef.v7n1p1	https://doi.org/10.5539/ijef.v7n1p1	PROPN
abrj-501	359	16	https://doi.org/10.18374/jibr-14-3.7	https://doi.org/10.18374/jibr-14-3.7	X
abrj-501	359	17	https://doi.org/10.1355/ae23-2d	https://doi.org/10.1355/ae23-2d	PRON
abrj-501	359	18	https://doi.org/10.2307/30036530	https://doi.org/10.2307/30036530	ADJ
abrj-501	359	19	https://doi.org/10.1002/(sici)1097-0266(199708)18:7	https://doi.org/10.1002/(sici)1097-0266(199708)18:7	NOUN
abrj-501	360	1	https://doi.org/10.5296/ajfa.v8i1.9087	https://doi.org/10.5296/ajfa.v8i1.9087	PRON
abrj-501	360	2	https://doi.org/10.1016/j.ijpe.2014.12.031	https://doi.org/10.1016/j.ijpe.2014.12.031	NOUN