id	sid	tid	token	lemma	pos
ajeer-229	1	1	asian	asian	PROPN
ajeer-229	1	2	journal	journal	PROPN
ajeer-229	1	3	of	of	ADP
ajeer-229	1	4	economics	economic	NOUN
ajeer-229	1	5	and	and	CCONJ
ajeer-229	1	6	empirical	empirical	ADJ
ajeer-229	1	7	research	research	NOUN
ajeer-229	1	8	vol	vol	NOUN
ajeer-229	1	9	.	.	PROPN
ajeer-229	2	1	4	4	NUM
ajeer-229	2	2	,	,	PUNCT
ajeer-229	2	3	no	no	INTJ
ajeer-229	2	4	.	.	NOUN
ajeer-229	2	5	1	1	NUM
ajeer-229	2	6	,	,	PUNCT
ajeer-229	2	7	32	32	NUM
ajeer-229	2	8	-	-	SYM
ajeer-229	2	9	47	47	NUM
ajeer-229	2	10	,	,	PUNCT
ajeer-229	2	11	2017	2017	NUM
ajeer-229	2	12	issn(e	issn(e	NOUN
ajeer-229	2	13	)	)	PUNCT
ajeer-229	2	14	2409	2409	NUM
ajeer-229	2	15	-	-	SYM
ajeer-229	2	16	2622	2622	NUM
ajeer-229	2	17	/	/	SYM
ajeer-229	2	18	issn(p	issn(p	PROPN
ajeer-229	2	19	)	)	PUNCT
ajeer-229	2	20	2518	2518	NUM
ajeer-229	2	21	-	-	PUNCT
ajeer-229	2	22	010x	010x	ADJ
ajeer-229	2	23	doi	doi	NOUN
ajeer-229	2	24	:	:	PUNCT
ajeer-229	2	25	10.20448	10.20448	NUM
ajeer-229	2	26	/	/	SYM
ajeer-229	2	27	journal.501.2017.41.32.48	journal.501.2017.41.32.48	PROPN
ajeer-229	2	28	32	32	NUM
ajeer-229	2	29	the	the	DET
ajeer-229	2	30	enterprise	enterprise	NOUN
ajeer-229	2	31	risk	risk	NOUN
ajeer-229	2	32	management	management	NOUN
ajeer-229	2	33	of	of	ADP
ajeer-229	2	34	foreign	foreign	ADJ
ajeer-229	2	35	exchange	exchange	NOUN
ajeer-229	2	36	exposures	exposure	NOUN
ajeer-229	2	37	:	:	PUNCT
ajeer-229	2	38	evidence	evidence	NOUN
ajeer-229	2	39	from	from	ADP
ajeer-229	2	40	taiwanese	taiwanese	PROPN
ajeer-229	2	41	hospitality	hospitality	NOUN
ajeer-229	2	42	industry	industry	PROPN
ajeer-229	2	43	hsiao	hsiao	PROPN
ajeer-229	2	44	,	,	PUNCT
ajeer-229	2	45	chiu	chiu	NOUN
ajeer-229	2	46	-	-	PUNCT
ajeer-229	2	47	ming1	ming1	NOUN
ajeer-229	2	48			PROPN
ajeer-229	2	49	zhang	zhang	PROPN
ajeer-229	2	50	,	,	PUNCT
ajeer-229	2	51	wei	wei	PROPN
ajeer-229	2	52	-	-	PROPN
ajeer-229	2	53	fang2	fang2	PROPN
ajeer-229	2	54	(	(	PUNCT
ajeer-229	2	55			PROPN
ajeer-229	2	56	corresponding	correspond	VERB
ajeer-229	2	57	author	author	NOUN
ajeer-229	2	58	)	)	PUNCT
ajeer-229	2	59	chiu	chiu	PROPN
ajeer-229	2	60	,	,	PUNCT
ajeer-229	2	61	chi	chi	ADJ
ajeer-229	2	62	-	-	PUNCT
ajeer-229	2	63	chang3	chang3	PROPN
ajeer-229	2	64	huang	huang	PROPN
ajeer-229	2	65	,	,	PUNCT
ajeer-229	2	66	jung	jung	PROPN
ajeer-229	2	67	-	-	PUNCT
ajeer-229	2	68	chang4	chang4	PROPN
ajeer-229	2	69	huang	huang	PROPN
ajeer-229	2	70	,	,	PUNCT
ajeer-229	2	71	yu	yu	PROPN
ajeer-229	2	72	-	-	NOUN
ajeer-229	2	73	ling5	ling5	NOUN
ajeer-229	2	74	1,2,3,4,5department	1,2,3,4,5department	NUM
ajeer-229	2	75	of	of	ADP
ajeer-229	2	76	finance	finance	NOUN
ajeer-229	2	77	,	,	PUNCT
ajeer-229	2	78	national	national	PROPN
ajeer-229	2	79	yunlin	yunlin	PROPN
ajeer-229	2	80	university	university	PROPN
ajeer-229	2	81	of	of	ADP
ajeer-229	2	82	science	science	PROPN
ajeer-229	2	83	&	&	CCONJ
ajeer-229	2	84	technology	technology	PROPN
ajeer-229	2	85	,	,	PUNCT
ajeer-229	2	86	taiwan	taiwan	PROPN
ajeer-229	2	87	abstract	abstract	NOUN
ajeer-229	2	88	for	for	ADP
ajeer-229	2	89	this	this	DET
ajeer-229	2	90	paper	paper	NOUN
ajeer-229	2	91	,	,	PUNCT
ajeer-229	2	92	i	i	PRON
ajeer-229	2	93	use	use	VERB
ajeer-229	2	94	the	the	DET
ajeer-229	2	95	arima	arima	PROPN
ajeer-229	2	96	model	model	NOUN
ajeer-229	2	97	to	to	PART
ajeer-229	2	98	study	study	VERB
ajeer-229	2	99	the	the	DET
ajeer-229	2	100	relationship	relationship	NOUN
ajeer-229	2	101	between	between	ADP
ajeer-229	2	102	business	business	NOUN
ajeer-229	2	103	performance	performance	NOUN
ajeer-229	2	104	and	and	CCONJ
ajeer-229	2	105	exchange	exchange	NOUN
ajeer-229	2	106	rate	rate	NOUN
ajeer-229	2	107	fluctuations	fluctuation	NOUN
ajeer-229	2	108	.	.	PUNCT
ajeer-229	3	1	through	through	ADP
ajeer-229	3	2	this	this	DET
ajeer-229	3	3	model	model	NOUN
ajeer-229	3	4	,	,	PUNCT
ajeer-229	3	5	the	the	DET
ajeer-229	3	6	empirical	empirical	ADJ
ajeer-229	3	7	results	result	NOUN
ajeer-229	3	8	shows	show	VERB
ajeer-229	3	9	that	that	SCONJ
ajeer-229	3	10	the	the	DET
ajeer-229	3	11	influences	influence	NOUN
ajeer-229	3	12	of	of	ADP
ajeer-229	3	13	foreign	foreign	ADJ
ajeer-229	3	14	exchange	exchange	NOUN
ajeer-229	3	15	rate	rate	NOUN
ajeer-229	3	16	fluctuations	fluctuation	NOUN
ajeer-229	3	17	on	on	ADP
ajeer-229	3	18	the	the	DET
ajeer-229	3	19	tourist	tourist	NOUN
ajeer-229	3	20	hotel	hotel	NOUN
ajeer-229	3	21	business	business	NOUN
ajeer-229	3	22	performance	performance	NOUN
ajeer-229	3	23	are	be	AUX
ajeer-229	3	24	significant	significant	ADJ
ajeer-229	3	25	and	and	CCONJ
ajeer-229	3	26	different	different	ADJ
ajeer-229	3	27	across	across	ADP
ajeer-229	3	28	currencies	currency	NOUN
ajeer-229	3	29	and	and	CCONJ
ajeer-229	3	30	firms	firm	NOUN
ajeer-229	3	31	.	.	PUNCT
ajeer-229	4	1	furthermore	furthermore	ADV
ajeer-229	4	2	,	,	PUNCT
ajeer-229	4	3	according	accord	VERB
ajeer-229	4	4	to	to	ADP
ajeer-229	4	5	the	the	DET
ajeer-229	4	6	framework	framework	NOUN
ajeer-229	4	7	of	of	ADP
ajeer-229	4	8	kim	kim	PROPN
ajeer-229	4	9	(	(	PUNCT
ajeer-229	4	10	2013	2013	NUM
ajeer-229	4	11	)	)	PUNCT
ajeer-229	4	12	we	we	PRON
ajeer-229	4	13	employ	employ	VERB
ajeer-229	4	14	the	the	DET
ajeer-229	4	15	modern	modern	ADJ
ajeer-229	4	16	portfolio	portfolio	NOUN
ajeer-229	4	17	theory	theory	NOUN
ajeer-229	4	18	proposed	propose	VERB
ajeer-229	4	19	by	by	ADP
ajeer-229	4	20	markowitz	markowitz	PROPN
ajeer-229	4	21	(	(	PUNCT
ajeer-229	4	22	1952	1952	NUM
ajeer-229	4	23	)	)	PUNCT
ajeer-229	4	24	to	to	PART
ajeer-229	4	25	give	give	VERB
ajeer-229	4	26	an	an	DET
ajeer-229	4	27	optimal	optimal	ADJ
ajeer-229	4	28	foreign	foreign	ADJ
ajeer-229	4	29	exchange	exchange	NOUN
ajeer-229	4	30	allocation	allocation	NOUN
ajeer-229	4	31	for	for	ADP
ajeer-229	4	32	each	each	DET
ajeer-229	4	33	tourist	tourist	NOUN
ajeer-229	4	34	hotel	hotel	NOUN
ajeer-229	4	35	company	company	NOUN
ajeer-229	4	36	's	's	PART
ajeer-229	4	37	financial	financial	ADJ
ajeer-229	4	38	decision	decision	NOUN
ajeer-229	4	39	-	-	PUNCT
ajeer-229	4	40	makers	maker	NOUN
ajeer-229	4	41	,	,	PUNCT
ajeer-229	4	42	which	which	PRON
ajeer-229	4	43	will	will	AUX
ajeer-229	4	44	avoid	avoid	VERB
ajeer-229	4	45	the	the	DET
ajeer-229	4	46	risk	risk	NOUN
ajeer-229	4	47	of	of	ADP
ajeer-229	4	48	exchange	exchange	NOUN
ajeer-229	4	49	rate	rate	NOUN
ajeer-229	4	50	fluctuations	fluctuation	NOUN
ajeer-229	4	51	expose	expose	VERB
ajeer-229	4	52	and	and	CCONJ
ajeer-229	4	53	reduce	reduce	VERB
ajeer-229	4	54	losses	loss	NOUN
ajeer-229	4	55	due	due	ADP
ajeer-229	4	56	to	to	ADP
ajeer-229	4	57	the	the	DET
ajeer-229	4	58	fluctuations	fluctuation	NOUN
ajeer-229	4	59	of	of	ADP
ajeer-229	4	60	exchange	exchange	NOUN
ajeer-229	4	61	rates	rate	NOUN
ajeer-229	4	62	,	,	PUNCT
ajeer-229	4	63	and	and	CCONJ
ajeer-229	4	64	complete	complete	VERB
ajeer-229	4	65	the	the	DET
ajeer-229	4	66	construction	construction	NOUN
ajeer-229	4	67	of	of	ADP
ajeer-229	4	68	enterprise	enterprise	NOUN
ajeer-229	4	69	risk	risk	NOUN
ajeer-229	4	70	management	management	NOUN
ajeer-229	4	71	system	system	NOUN
ajeer-229	4	72	(	(	PUNCT
ajeer-229	4	73	erm	erm	PROPN
ajeer-229	4	74	)	)	PUNCT
ajeer-229	4	75	.	.	PUNCT
ajeer-229	5	1	keywords	keyword	NOUN
ajeer-229	5	2	:	:	PUNCT
ajeer-229	5	3	foreign	foreign	ADJ
ajeer-229	5	4	exchange	exchange	NOUN
ajeer-229	5	5	exposures	exposure	NOUN
ajeer-229	5	6	,	,	PUNCT
ajeer-229	5	7	modern	modern	ADJ
ajeer-229	5	8	portfolio	portfolio	NOUN
ajeer-229	5	9	theory	theory	NOUN
ajeer-229	5	10	,	,	PUNCT
ajeer-229	5	11	enterprise	enterprise	NOUN
ajeer-229	5	12	risk	risk	NOUN
ajeer-229	5	13	management	management	NOUN
ajeer-229	5	14	.	.	PUNCT
ajeer-229	6	1	citation	citation	NOUN
ajeer-229	6	2	|	|	PROPN
ajeer-229	6	3	hsiao	hsiao	PROPN
ajeer-229	6	4	,	,	PUNCT
ajeer-229	6	5	chiu	chiu	PROPN
ajeer-229	6	6	-	-	PUNCT
ajeer-229	6	7	ming	ming	PROPN
ajeer-229	6	8	;	;	PUNCT
ajeer-229	6	9	zhang	zhang	PROPN
ajeer-229	6	10	,	,	PUNCT
ajeer-229	6	11	wei	wei	PROPN
ajeer-229	6	12	-	-	PUNCT
ajeer-229	6	13	fang	fang	X
ajeer-229	6	14	;	;	PUNCT
ajeer-229	6	15	chiu	chiu	PROPN
ajeer-229	6	16	,	,	PUNCT
ajeer-229	6	17	chi	chi	PROPN
ajeer-229	6	18	-	-	PUNCT
ajeer-229	6	19	chang	chang	PROPN
ajeer-229	6	20	;	;	PUNCT
ajeer-229	6	21	huang	huang	PROPN
ajeer-229	6	22	,	,	PUNCT
ajeer-229	6	23	jung	jung	PROPN
ajeer-229	6	24	-	-	PUNCT
ajeer-229	6	25	chang	chang	PROPN
ajeer-229	6	26	;	;	PUNCT
ajeer-229	6	27	huang	huang	PROPN
ajeer-229	6	28	,	,	PUNCT
ajeer-229	6	29	yu	yu	PROPN
ajeer-229	6	30	-	-	PROPN
ajeer-229	6	31	ling	ling	PROPN
ajeer-229	6	32	(	(	PUNCT
ajeer-229	6	33	2017	2017	NUM
ajeer-229	6	34	)	)	PUNCT
ajeer-229	6	35	.	.	PUNCT
ajeer-229	7	1	the	the	DET
ajeer-229	7	2	enterprise	enterprise	NOUN
ajeer-229	7	3	risk	risk	NOUN
ajeer-229	7	4	management	management	NOUN
ajeer-229	7	5	of	of	ADP
ajeer-229	7	6	foreign	foreign	ADJ
ajeer-229	7	7	exchange	exchange	NOUN
ajeer-229	7	8	exposures	exposure	NOUN
ajeer-229	7	9	:	:	PUNCT
ajeer-229	7	10	evidence	evidence	NOUN
ajeer-229	7	11	from	from	ADP
ajeer-229	7	12	taiwanese	taiwanese	ADJ
ajeer-229	7	13	hospitality	hospitality	NOUN
ajeer-229	7	14	industry	industry	NOUN
ajeer-229	7	15	.	.	PUNCT
ajeer-229	8	1	asian	asian	ADJ
ajeer-229	8	2	journal	journal	PROPN
ajeer-229	8	3	of	of	ADP
ajeer-229	8	4	economics	economic	NOUN
ajeer-229	8	5	and	and	CCONJ
ajeer-229	8	6	empirical	empirical	ADJ
ajeer-229	8	7	research	research	NOUN
ajeer-229	8	8	,	,	PUNCT
ajeer-229	8	9	4(1	4(1	NOUN
ajeer-229	8	10	):	):	PUNCT
ajeer-229	8	11	32	32	NUM
ajeer-229	8	12	-	-	SYM
ajeer-229	8	13	48	48	NUM
ajeer-229	8	14	.	.	PUNCT
ajeer-229	9	1	history	history	NOUN
ajeer-229	9	2	:	:	PUNCT
ajeer-229	9	3	received	receive	VERB
ajeer-229	9	4	:	:	PUNCT
ajeer-229	9	5	6	6	NUM
ajeer-229	9	6	april	april	PROPN
ajeer-229	9	7	2017	2017	NUM
ajeer-229	9	8	revised	revise	VERB
ajeer-229	9	9	:	:	PUNCT
ajeer-229	9	10	14	14	NUM
ajeer-229	9	11	september	september	PROPN
ajeer-229	9	12	2017	2017	NUM
ajeer-229	9	13	accepted	accept	VERB
ajeer-229	9	14	:	:	PUNCT
ajeer-229	9	15	18	18	NUM
ajeer-229	9	16	september	september	PROPN
ajeer-229	9	17	2017	2017	NUM
ajeer-229	9	18	published	publish	VERB
ajeer-229	9	19	:	:	PUNCT
ajeer-229	9	20	23	23	NUM
ajeer-229	9	21	september	september	PROPN
ajeer-229	9	22	2017	2017	NUM
ajeer-229	9	23	licensed	license	VERB
ajeer-229	9	24	:	:	PUNCT
ajeer-229	9	25	this	this	DET
ajeer-229	9	26	work	work	NOUN
ajeer-229	9	27	is	be	AUX
ajeer-229	9	28	licensed	license	VERB
ajeer-229	9	29	under	under	ADP
ajeer-229	9	30	a	a	DET
ajeer-229	9	31	creative	creative	ADJ
ajeer-229	9	32	commons	common	NOUN
ajeer-229	9	33	attribution	attribution	NOUN
ajeer-229	9	34	3.0	3.0	NUM
ajeer-229	9	35	license	license	NOUN
ajeer-229	9	36	publisher	publisher	NOUN
ajeer-229	9	37	:	:	PUNCT
ajeer-229	9	38	asian	asian	ADJ
ajeer-229	9	39	online	online	PROPN
ajeer-229	9	40	journal	journal	PROPN
ajeer-229	9	41	publishing	publishing	NOUN
ajeer-229	9	42	group	group	NOUN
ajeer-229	9	43	contribution	contribution	NOUN
ajeer-229	9	44	/	/	SYM
ajeer-229	9	45	acknowledgement	acknowledgement	NOUN
ajeer-229	9	46	:	:	PUNCT
ajeer-229	9	47	all	all	DET
ajeer-229	9	48	authors	author	NOUN
ajeer-229	9	49	contributed	contribute	VERB
ajeer-229	9	50	to	to	ADP
ajeer-229	9	51	the	the	DET
ajeer-229	9	52	conception	conception	NOUN
ajeer-229	9	53	and	and	CCONJ
ajeer-229	9	54	design	design	NOUN
ajeer-229	9	55	of	of	ADP
ajeer-229	9	56	the	the	DET
ajeer-229	9	57	study	study	NOUN
ajeer-229	9	58	.	.	PUNCT
ajeer-229	10	1	funding	funding	NOUN
ajeer-229	10	2	:	:	PUNCT
ajeer-229	10	3	this	this	DET
ajeer-229	10	4	study	study	NOUN
ajeer-229	10	5	received	receive	VERB
ajeer-229	10	6	no	no	DET
ajeer-229	10	7	specific	specific	ADJ
ajeer-229	10	8	financial	financial	ADJ
ajeer-229	10	9	support	support	NOUN
ajeer-229	10	10	.	.	PUNCT
ajeer-229	11	1	competing	compete	VERB
ajeer-229	11	2	interests	interest	NOUN
ajeer-229	11	3	:	:	PUNCT
ajeer-229	11	4	the	the	DET
ajeer-229	11	5	authors	author	NOUN
ajeer-229	11	6	declare	declare	VERB
ajeer-229	11	7	that	that	SCONJ
ajeer-229	11	8	they	they	PRON
ajeer-229	11	9	have	have	VERB
ajeer-229	11	10	no	no	DET
ajeer-229	11	11	conflict	conflict	NOUN
ajeer-229	11	12	of	of	ADP
ajeer-229	11	13	interests	interest	NOUN
ajeer-229	11	14	.	.	PUNCT
ajeer-229	12	1	transparency	transparency	NOUN
ajeer-229	12	2	:	:	PUNCT
ajeer-229	12	3	the	the	DET
ajeer-229	12	4	authors	author	NOUN
ajeer-229	12	5	confirm	confirm	VERB
ajeer-229	12	6	that	that	SCONJ
ajeer-229	12	7	the	the	DET
ajeer-229	12	8	manuscript	manuscript	NOUN
ajeer-229	12	9	is	be	AUX
ajeer-229	12	10	an	an	DET
ajeer-229	12	11	honest	honest	ADJ
ajeer-229	12	12	,	,	PUNCT
ajeer-229	12	13	accurate	accurate	ADJ
ajeer-229	12	14	,	,	PUNCT
ajeer-229	12	15	and	and	CCONJ
ajeer-229	12	16	transparent	transparent	ADJ
ajeer-229	12	17	account	account	NOUN
ajeer-229	12	18	of	of	ADP
ajeer-229	12	19	the	the	DET
ajeer-229	12	20	study	study	NOUN
ajeer-229	12	21	was	be	AUX
ajeer-229	12	22	reported	report	VERB
ajeer-229	12	23	;	;	PUNCT
ajeer-229	12	24	that	that	SCONJ
ajeer-229	12	25	no	no	DET
ajeer-229	12	26	vital	vital	ADJ
ajeer-229	12	27	features	feature	NOUN
ajeer-229	12	28	of	of	ADP
ajeer-229	12	29	the	the	DET
ajeer-229	12	30	study	study	NOUN
ajeer-229	12	31	have	have	AUX
ajeer-229	12	32	been	be	AUX
ajeer-229	12	33	omitted	omit	VERB
ajeer-229	12	34	;	;	PUNCT
ajeer-229	12	35	and	and	CCONJ
ajeer-229	12	36	that	that	SCONJ
ajeer-229	12	37	any	any	DET
ajeer-229	12	38	discrepancies	discrepancy	NOUN
ajeer-229	12	39	from	from	ADP
ajeer-229	12	40	the	the	DET
ajeer-229	12	41	study	study	NOUN
ajeer-229	12	42	as	as	SCONJ
ajeer-229	12	43	planned	plan	VERB
ajeer-229	12	44	have	have	AUX
ajeer-229	12	45	been	be	AUX
ajeer-229	12	46	explained	explain	VERB
ajeer-229	12	47	.	.	PUNCT
ajeer-229	13	1	ethical	ethical	ADJ
ajeer-229	13	2	:	:	PUNCT
ajeer-229	13	3	this	this	DET
ajeer-229	13	4	study	study	NOUN
ajeer-229	13	5	follows	follow	VERB
ajeer-229	13	6	all	all	DET
ajeer-229	13	7	ethical	ethical	ADJ
ajeer-229	13	8	practices	practice	NOUN
ajeer-229	13	9	during	during	ADP
ajeer-229	13	10	writing	writing	NOUN
ajeer-229	13	11	.	.	PUNCT
ajeer-229	14	1	contents	content	NOUN
ajeer-229	14	2	1	1	NUM
ajeer-229	14	3	.	.	PUNCT
ajeer-229	15	1	introduction	introduction	NOUN
ajeer-229	15	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-229	16	1	33	33	NUM
ajeer-229	16	2	2	2	NUM
ajeer-229	16	3	.	.	PUNCT
ajeer-229	16	4	methodologies	methodology	NOUN
ajeer-229	16	5	..................................................................................................................................................................................	..................................................................................................................................................................................	PUNCT
ajeer-229	17	1	34	34	NUM
ajeer-229	17	2	3	3	NUM
ajeer-229	17	3	.	.	PUNCT
ajeer-229	17	4	data	datum	NOUN
ajeer-229	17	5	....................................................................................................................................................................................................	....................................................................................................................................................................................................	PUNCT
ajeer-229	18	1	37	37	NUM
ajeer-229	18	2	4	4	NUM
ajeer-229	18	3	.	.	PUNCT
ajeer-229	18	4	conclusions	conclusion	NOUN
ajeer-229	18	5	.......................................................................................................................................................................................	.......................................................................................................................................................................................	PUNCT
ajeer-229	19	1	47	47	NUM
ajeer-229	19	2	references	reference	NOUN
ajeer-229	19	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	PROPN
ajeer-229	20	1	47	47	NUM
ajeer-229	20	2	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-229	20	3	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-229	20	4	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	PROPN
ajeer-229	20	5	,	,	PUNCT
ajeer-229	20	6	chiu	chiu	PROPN
ajeer-229	20	7	-	-	PUNCT
ajeer-229	20	8	ming	ming	PROPN
ajeer-229	20	9	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	10	,	,	PUNCT
ajeer-229	20	11	wei	wei	PROPN
ajeer-229	20	12	-	-	PUNCT
ajeer-229	20	13	fang	fang	ADJ
ajeer-229	20	14	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	15	,	,	PUNCT
ajeer-229	20	16	chi	chi	PROPN
ajeer-229	20	17	-	-	PUNCT
ajeer-229	20	18	chang	chang	PROPN
ajeer-229	20	19	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	20	,	,	PUNCT
ajeer-229	20	21	jung	jung	PROPN
ajeer-229	20	22	-	-	PUNCT
ajeer-229	20	23	chang	chang	PROPN
ajeer-229	20	24	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	25	,	,	PUNCT
ajeer-229	20	26	yu	yu	PROPN
ajeer-229	20	27	-	-	PROPN
ajeer-229	20	28	ling	ling	ADJ
ajeer-229	20	29	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	NOUN
ajeer-229	20	30	,	,	PUNCT
ajeer-229	20	31	chiu	chiu	PROPN
ajeer-229	20	32	-	-	PUNCT
ajeer-229	20	33	ming	ming	PROPN
ajeer-229	20	34	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	35	,	,	PUNCT
ajeer-229	20	36	wei	wei	PROPN
ajeer-229	20	37	-	-	PUNCT
ajeer-229	20	38	fang	fang	ADJ
ajeer-229	20	39	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	40	,	,	PUNCT
ajeer-229	20	41	chi	chi	PROPN
ajeer-229	20	42	-	-	PUNCT
ajeer-229	20	43	chang	chang	PROPN
ajeer-229	20	44	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	45	,	,	PUNCT
ajeer-229	20	46	jung	jung	PROPN
ajeer-229	20	47	-	-	PUNCT
ajeer-229	20	48	chang	chang	PROPN
ajeer-229	20	49	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	50	,	,	PUNCT
ajeer-229	20	51	yu	yu	PROPN
ajeer-229	20	52	-	-	PROPN
ajeer-229	20	53	ling	ling	ADJ
ajeer-229	20	54	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	NOUN
ajeer-229	20	55	,	,	PUNCT
ajeer-229	20	56	chiu	chiu	PROPN
ajeer-229	20	57	-	-	PUNCT
ajeer-229	20	58	ming	ming	PROPN
ajeer-229	20	59	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	60	,	,	PUNCT
ajeer-229	20	61	wei	wei	PROPN
ajeer-229	20	62	-	-	PUNCT
ajeer-229	20	63	fang	fang	ADJ
ajeer-229	20	64	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	65	,	,	PUNCT
ajeer-229	20	66	chi	chi	PROPN
ajeer-229	20	67	-	-	PUNCT
ajeer-229	20	68	chang	chang	PROPN
ajeer-229	20	69	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	70	,	,	PUNCT
ajeer-229	20	71	jung	jung	PROPN
ajeer-229	20	72	-	-	PUNCT
ajeer-229	20	73	chang	chang	PROPN
ajeer-229	20	74	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	75	,	,	PUNCT
ajeer-229	20	76	yu	yu	PROPN
ajeer-229	20	77	-	-	PROPN
ajeer-229	20	78	ling	ling	ADJ
ajeer-229	20	79	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	NOUN
ajeer-229	20	80	,	,	PUNCT
ajeer-229	20	81	chiu	chiu	PROPN
ajeer-229	20	82	-	-	PUNCT
ajeer-229	20	83	ming	ming	PROPN
ajeer-229	20	84	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	85	,	,	PUNCT
ajeer-229	20	86	wei	wei	PROPN
ajeer-229	20	87	-	-	PUNCT
ajeer-229	20	88	fang	fang	ADJ
ajeer-229	20	89	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	90	,	,	PUNCT
ajeer-229	20	91	chi	chi	PROPN
ajeer-229	20	92	-	-	PUNCT
ajeer-229	20	93	chang	chang	PROPN
ajeer-229	20	94	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	95	,	,	PUNCT
ajeer-229	20	96	jung	jung	PROPN
ajeer-229	20	97	-	-	PUNCT
ajeer-229	20	98	chang	chang	PROPN
ajeer-229	20	99	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	100	,	,	PUNCT
ajeer-229	20	101	yu	yu	PROPN
ajeer-229	20	102	-	-	PROPN
ajeer-229	20	103	ling	ling	ADJ
ajeer-229	20	104	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	NOUN
ajeer-229	20	105	,	,	PUNCT
ajeer-229	20	106	chiu	chiu	PROPN
ajeer-229	20	107	-	-	PUNCT
ajeer-229	20	108	ming	ming	PROPN
ajeer-229	20	109	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	110	,	,	PUNCT
ajeer-229	20	111	wei	wei	PROPN
ajeer-229	20	112	-	-	PUNCT
ajeer-229	20	113	fang	fang	ADJ
ajeer-229	20	114	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	115	,	,	PUNCT
ajeer-229	20	116	chi	chi	PROPN
ajeer-229	20	117	-	-	PUNCT
ajeer-229	20	118	chang	chang	PROPN
ajeer-229	20	119	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	120	,	,	PUNCT
ajeer-229	20	121	jung	jung	PROPN
ajeer-229	20	122	-	-	PUNCT
ajeer-229	20	123	chang	chang	PROPN
ajeer-229	20	124	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	125	,	,	PUNCT
ajeer-229	20	126	yu	yu	PROPN
ajeer-229	20	127	-	-	PROPN
ajeer-229	20	128	ling	ling	ADJ
ajeer-229	20	129	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	https://orcid.org/orcid-search/quick-search?searchquery=hsiao	NOUN
ajeer-229	20	130	,	,	PUNCT
ajeer-229	20	131	chiu	chiu	PROPN
ajeer-229	20	132	-	-	PUNCT
ajeer-229	20	133	ming	ming	PROPN
ajeer-229	20	134	https://orcid.org/orcid-search/quick-search?searchquery=zhang	https://orcid.org/orcid-search/quick-search?searchquery=zhang	PROPN
ajeer-229	20	135	,	,	PUNCT
ajeer-229	20	136	wei	wei	PROPN
ajeer-229	20	137	-	-	PUNCT
ajeer-229	20	138	fang	fang	ADJ
ajeer-229	20	139	https://orcid.org/orcid-search/quick-search?searchquery=chiu	https://orcid.org/orcid-search/quick-search?searchquery=chiu	NOUN
ajeer-229	20	140	,	,	PUNCT
ajeer-229	20	141	chi	chi	PROPN
ajeer-229	20	142	-	-	PUNCT
ajeer-229	20	143	chang	chang	PROPN
ajeer-229	20	144	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	145	,	,	PUNCT
ajeer-229	20	146	jung	jung	PROPN
ajeer-229	20	147	-	-	PUNCT
ajeer-229	20	148	chang	chang	PROPN
ajeer-229	20	149	https://orcid.org/orcid-search/quick-search?searchquery=huang	https://orcid.org/orcid-search/quick-search?searchquery=huang	PROPN
ajeer-229	20	150	,	,	PUNCT
ajeer-229	20	151	yu	yu	PROPN
ajeer-229	20	152	-	-	PROPN
ajeer-229	20	153	ling	ling	ADJ
ajeer-229	20	154	asian	asian	ADJ
ajeer-229	20	155	journal	journal	NOUN
ajeer-229	20	156	of	of	ADP
ajeer-229	20	157	economics	economic	NOUN
ajeer-229	20	158	and	and	CCONJ
ajeer-229	20	159	empirical	empirical	ADJ
ajeer-229	20	160	research	research	NOUN
ajeer-229	20	161	,	,	PUNCT
ajeer-229	20	162	2017	2017	NUM
ajeer-229	20	163	,	,	PUNCT
ajeer-229	20	164	4(1	4(1	NOUN
ajeer-229	20	165	):	):	PUNCT
ajeer-229	20	166	32	32	NUM
ajeer-229	20	167	-	-	SYM
ajeer-229	20	168	48	48	NUM
ajeer-229	20	169	33	33	NUM
ajeer-229	20	170	1	1	NUM
ajeer-229	20	171	.	.	PUNCT
ajeer-229	21	1	introduction	introduction	NOUN
ajeer-229	21	2	tourism	tourism	NOUN
ajeer-229	21	3	industry	industry	NOUN
ajeer-229	21	4	has	have	AUX
ajeer-229	21	5	named	name	VERB
ajeer-229	21	6	the	the	DET
ajeer-229	21	7	no	no	DET
ajeer-229	21	8	-	-	PUNCT
ajeer-229	21	9	smokestack	smokestack	NOUN
ajeer-229	21	10	industry	industry	NOUN
ajeer-229	21	11	.	.	PUNCT
ajeer-229	22	1	the	the	DET
ajeer-229	22	2	revenue	revenue	NOUN
ajeer-229	22	3	generates	generate	VERB
ajeer-229	22	4	from	from	ADP
ajeer-229	22	5	the	the	DET
ajeer-229	22	6	tourism	tourism	NOUN
ajeer-229	22	7	industry	industry	NOUN
ajeer-229	22	8	will	will	AUX
ajeer-229	22	9	increase	increase	VERB
ajeer-229	22	10	as	as	ADP
ajeer-229	22	11	the	the	DET
ajeer-229	22	12	growth	growth	NOUN
ajeer-229	22	13	of	of	ADP
ajeer-229	22	14	inbounds	inbound	NOUN
ajeer-229	22	15	and	and	CCONJ
ajeer-229	22	16	the	the	DET
ajeer-229	22	17	time	time	NOUN
ajeer-229	22	18	period	period	NOUN
ajeer-229	22	19	that	that	PRON
ajeer-229	22	20	they	they	PRON
ajeer-229	22	21	stay	stay	VERB
ajeer-229	22	22	.	.	PUNCT
ajeer-229	23	1	as	as	ADP
ajeer-229	23	2	the	the	DET
ajeer-229	23	3	economic	economic	ADJ
ajeer-229	23	4	viewpoint	viewpoint	NOUN
ajeer-229	23	5	,	,	PUNCT
ajeer-229	23	6	tourism	tourism	NOUN
ajeer-229	23	7	will	will	AUX
ajeer-229	23	8	create	create	VERB
ajeer-229	23	9	value	value	NOUN
ajeer-229	23	10	from	from	ADP
ajeer-229	23	11	catering	catering	NOUN
ajeer-229	23	12	,	,	PUNCT
ajeer-229	23	13	hotels	hotel	NOUN
ajeer-229	23	14	,	,	PUNCT
ajeer-229	23	15	aviation	aviation	NOUN
ajeer-229	23	16	,	,	PUNCT
ajeer-229	23	17	transport	transport	NOUN
ajeer-229	23	18	and	and	CCONJ
ajeer-229	23	19	many	many	ADJ
ajeer-229	23	20	other	other	ADJ
ajeer-229	23	21	related	related	ADJ
ajeer-229	23	22	industries	industry	NOUN
ajeer-229	23	23	.	.	PUNCT
ajeer-229	24	1	it	it	PRON
ajeer-229	24	2	also	also	ADV
ajeer-229	24	3	helps	help	VERB
ajeer-229	24	4	to	to	PART
ajeer-229	24	5	revitalize	revitalize	VERB
ajeer-229	24	6	the	the	DET
ajeer-229	24	7	tourism	tourism	NOUN
ajeer-229	24	8	industry	industry	NOUN
ajeer-229	24	9	association	association	NOUN
ajeer-229	24	10	actives	active	NOUN
ajeer-229	24	11	,	,	PUNCT
ajeer-229	24	12	the	the	DET
ajeer-229	24	13	economic	economic	ADJ
ajeer-229	24	14	benefits	benefit	NOUN
ajeer-229	24	15	,	,	PUNCT
ajeer-229	24	16	not	not	PART
ajeer-229	24	17	only	only	ADV
ajeer-229	24	18	to	to	PART
ajeer-229	24	19	create	create	VERB
ajeer-229	24	20	a	a	DET
ajeer-229	24	21	tourism	tourism	NOUN
ajeer-229	24	22	value	value	NOUN
ajeer-229	24	23	,	,	PUNCT
ajeer-229	24	24	it	it	PRON
ajeer-229	24	25	also	also	ADV
ajeer-229	24	26	increases	increase	VERB
ajeer-229	24	27	consumption	consumption	NOUN
ajeer-229	24	28	and	and	CCONJ
ajeer-229	24	29	further	further	ADJ
ajeer-229	24	30	boosts	boost	VERB
ajeer-229	24	31	the	the	DET
ajeer-229	24	32	economy	economy	NOUN
ajeer-229	24	33	,	,	PUNCT
ajeer-229	24	34	increases	increase	VERB
ajeer-229	24	35	employment	employment	NOUN
ajeer-229	24	36	opportunities	opportunity	NOUN
ajeer-229	24	37	.	.	PUNCT
ajeer-229	25	1	in	in	ADP
ajeer-229	25	2	2013	2013	NUM
ajeer-229	25	3	,	,	PUNCT
ajeer-229	25	4	japanese	japanese	ADJ
ajeer-229	25	5	prime	prime	ADJ
ajeer-229	25	6	minister	minister	PROPN
ajeer-229	25	7	shinzo	shinzo	PROPN
ajeer-229	25	8	abe	abe	PROPN
ajeer-229	25	9	implemented	implement	VERB
ajeer-229	25	10	a	a	DET
ajeer-229	25	11	policy	policy	NOUN
ajeer-229	25	12	combining	combine	VERB
ajeer-229	25	13	fiscal	fiscal	ADJ
ajeer-229	25	14	expansion	expansion	NOUN
ajeer-229	25	15	,	,	PUNCT
ajeer-229	25	16	“	"	PUNCT
ajeer-229	25	17	quantitative	quantitative	ADJ
ajeer-229	25	18	easing	easing	NOUN
ajeer-229	25	19	”	"	PUNCT
ajeer-229	25	20	,	,	PUNCT
ajeer-229	25	21	and	and	CCONJ
ajeer-229	25	22	structural	structural	ADJ
ajeer-229	25	23	reform	reform	NOUN
ajeer-229	25	24	in	in	ADP
ajeer-229	25	25	the	the	DET
ajeer-229	25	26	hope	hope	NOUN
ajeer-229	25	27	of	of	ADP
ajeer-229	25	28	revitalizing	revitalize	VERB
ajeer-229	25	29	japan„s	japan„s	PROPN
ajeer-229	25	30	domestic	domestic	ADJ
ajeer-229	25	31	economy	economy	NOUN
ajeer-229	25	32	.	.	PUNCT
ajeer-229	26	1	indeed	indeed	ADV
ajeer-229	26	2	,	,	PUNCT
ajeer-229	26	3	this	this	PRON
ajeer-229	26	4	is	be	AUX
ajeer-229	26	5	so	so	ADV
ajeer-229	26	6	-	-	PUNCT
ajeer-229	26	7	called	call	VERB
ajeer-229	26	8	―	―	NUM
ajeer-229	26	9	abenomics	abenomic	NOUN
ajeer-229	26	10	--	--	PUNCT
ajeer-229	26	11	results	result	NOUN
ajeer-229	26	12	in	in	ADP
ajeer-229	26	13	a	a	DET
ajeer-229	26	14	significant	significant	ADJ
ajeer-229	26	15	growth	growth	NOUN
ajeer-229	26	16	in	in	ADP
ajeer-229	26	17	japan„s	japan„s	PROPN
ajeer-229	26	18	domestic	domestic	ADJ
ajeer-229	26	19	economy	economy	NOUN
ajeer-229	26	20	.	.	PUNCT
ajeer-229	27	1	accordingly	accordingly	ADV
ajeer-229	27	2	,	,	PUNCT
ajeer-229	27	3	the	the	DET
ajeer-229	27	4	impact	impact	NOUN
ajeer-229	27	5	of	of	ADP
ajeer-229	27	6	exchange	exchange	NOUN
ajeer-229	27	7	rates	rate	NOUN
ajeer-229	27	8	on	on	ADP
ajeer-229	27	9	some	some	DET
ajeer-229	27	10	industry	industry	NOUN
ajeer-229	27	11	becomes	become	VERB
ajeer-229	27	12	even	even	ADV
ajeer-229	27	13	more	more	ADV
ajeer-229	27	14	obvious	obvious	ADJ
ajeer-229	27	15	and	and	CCONJ
ajeer-229	27	16	important	important	ADJ
ajeer-229	27	17	,	,	PUNCT
ajeer-229	27	18	especially	especially	ADV
ajeer-229	27	19	in	in	ADP
ajeer-229	27	20	the	the	DET
ajeer-229	27	21	tourism	tourism	NOUN
ajeer-229	27	22	industry	industry	NOUN
ajeer-229	27	23	while	while	SCONJ
ajeer-229	27	24	the	the	DET
ajeer-229	27	25	japanese	japanese	ADJ
ajeer-229	27	26	yen	yen	NOUN
ajeer-229	27	27	is	be	AUX
ajeer-229	27	28	depreciated	depreciate	VERB
ajeer-229	27	29	in	in	ADP
ajeer-229	27	30	order	order	NOUN
ajeer-229	27	31	to	to	PART
ajeer-229	27	32	stimulate	stimulate	VERB
ajeer-229	27	33	the	the	DET
ajeer-229	27	34	economy	economy	NOUN
ajeer-229	27	35	fast	fast	ADV
ajeer-229	27	36	.	.	PUNCT
ajeer-229	28	1	the	the	DET
ajeer-229	28	2	impact	impact	NOUN
ajeer-229	28	3	of	of	ADP
ajeer-229	28	4	exchange	exchange	NOUN
ajeer-229	28	5	rates	rate	NOUN
ajeer-229	28	6	on	on	ADP
ajeer-229	28	7	the	the	DET
ajeer-229	28	8	part	part	NOUN
ajeer-229	28	9	of	of	ADP
ajeer-229	28	10	the	the	DET
ajeer-229	28	11	industry	industry	NOUN
ajeer-229	28	12	becomes	become	VERB
ajeer-229	28	13	even	even	ADV
ajeer-229	28	14	more	more	ADV
ajeer-229	28	15	obvious	obvious	ADJ
ajeer-229	28	16	and	and	CCONJ
ajeer-229	28	17	important	important	ADJ
ajeer-229	28	18	,	,	PUNCT
ajeer-229	28	19	especially	especially	ADV
ajeer-229	28	20	in	in	ADP
ajeer-229	28	21	the	the	DET
ajeer-229	28	22	tourism	tourism	NOUN
ajeer-229	28	23	industry	industry	NOUN
ajeer-229	28	24	by	by	ADP
ajeer-229	28	25	the	the	DET
ajeer-229	28	26	japanese	japanese	ADJ
ajeer-229	28	27	yen	yen	NOUN
ajeer-229	28	28	depreciated	depreciate	VERB
ajeer-229	28	29	under	under	ADP
ajeer-229	28	30	the	the	DET
ajeer-229	28	31	influence	influence	NOUN
ajeer-229	28	32	of	of	ADP
ajeer-229	28	33	the	the	DET
ajeer-229	28	34	economy	economy	NOUN
ajeer-229	28	35	back	back	ADV
ajeer-229	28	36	to	to	ADP
ajeer-229	28	37	temperature	temperature	NOUN
ajeer-229	28	38	very	very	ADV
ajeer-229	28	39	fast	fast	ADV
ajeer-229	28	40	.	.	PUNCT
ajeer-229	29	1	implementing	implement	VERB
ajeer-229	29	2	quantitative	quantitative	ADJ
ajeer-229	29	3	easing	ease	VERB
ajeer-229	29	4	policy	policy	NOUN
ajeer-229	29	5	that	that	PRON
ajeer-229	29	6	caused	cause	VERB
ajeer-229	29	7	the	the	DET
ajeer-229	29	8	depreciation	depreciation	NOUN
ajeer-229	29	9	of	of	ADP
ajeer-229	29	10	japanese	japanese	ADJ
ajeer-229	29	11	yen	yen	NOUN
ajeer-229	29	12	increases	increase	NOUN
ajeer-229	29	13	japan„s	japan„s	PROPN
ajeer-229	29	14	foreign	foreign	ADJ
ajeer-229	29	15	trade	trade	NOUN
ajeer-229	29	16	and	and	CCONJ
ajeer-229	29	17	also	also	ADV
ajeer-229	29	18	successfully	successfully	ADV
ajeer-229	29	19	lead	lead	VERB
ajeer-229	29	20	the	the	DET
ajeer-229	29	21	economy	economy	NOUN
ajeer-229	29	22	back	back	ADV
ajeer-229	29	23	to	to	ADP
ajeer-229	29	24	situation	situation	NOUN
ajeer-229	29	25	.	.	PUNCT
ajeer-229	30	1	surprisingly	surprisingly	ADV
ajeer-229	30	2	,	,	PUNCT
ajeer-229	30	3	the	the	DET
ajeer-229	30	4	tourism	tourism	NOUN
ajeer-229	30	5	industry	industry	NOUN
ajeer-229	30	6	has	have	AUX
ajeer-229	30	7	gained	gain	VERB
ajeer-229	30	8	the	the	DET
ajeer-229	30	9	most	most	ADJ
ajeer-229	30	10	benefits	benefit	NOUN
ajeer-229	30	11	of	of	ADP
ajeer-229	30	12	all	all	PRON
ajeer-229	30	13	.	.	PUNCT
ajeer-229	31	1	this	this	DET
ajeer-229	31	2	paper	paper	NOUN
ajeer-229	31	3	,	,	PUNCT
ajeer-229	31	4	therefore	therefore	ADV
ajeer-229	31	5	,	,	PUNCT
ajeer-229	31	6	wants	want	VERB
ajeer-229	31	7	to	to	PART
ajeer-229	31	8	study	study	VERB
ajeer-229	31	9	the	the	DET
ajeer-229	31	10	case	case	NOUN
ajeer-229	31	11	and	and	CCONJ
ajeer-229	31	12	examine	examine	VERB
ajeer-229	31	13	if	if	SCONJ
ajeer-229	31	14	the	the	DET
ajeer-229	31	15	situation	situation	NOUN
ajeer-229	31	16	could	could	AUX
ajeer-229	31	17	as	as	ADV
ajeer-229	31	18	well	well	ADV
ajeer-229	31	19	apply	apply	VERB
ajeer-229	31	20	to	to	ADP
ajeer-229	31	21	the	the	DET
ajeer-229	31	22	tourism	tourism	NOUN
ajeer-229	31	23	industry	industry	NOUN
ajeer-229	31	24	in	in	ADP
ajeer-229	31	25	taiwan	taiwan	PROPN
ajeer-229	31	26	.	.	PUNCT
ajeer-229	32	1	oh	oh	INTJ
ajeer-229	32	2	(	(	PUNCT
ajeer-229	32	3	2005	2005	NUM
ajeer-229	32	4	)	)	PUNCT
ajeer-229	32	5	addressed	address	VERB
ajeer-229	32	6	the	the	DET
ajeer-229	32	7	causal	causal	ADJ
ajeer-229	32	8	relations	relation	NOUN
ajeer-229	32	9	between	between	ADP
ajeer-229	32	10	tourism	tourism	NOUN
ajeer-229	32	11	growth	growth	NOUN
ajeer-229	32	12	and	and	CCONJ
ajeer-229	32	13	economic	economic	ADJ
ajeer-229	32	14	expansion	expansion	NOUN
ajeer-229	32	15	for	for	ADP
ajeer-229	32	16	the	the	DET
ajeer-229	32	17	korean	korean	ADJ
ajeer-229	32	18	economy	economy	NOUN
ajeer-229	32	19	.	.	PUNCT
ajeer-229	33	1	he	he	PRON
ajeer-229	33	2	employed	employ	VERB
ajeer-229	33	3	the	the	DET
ajeer-229	33	4	granger	granger	PROPN
ajeer-229	33	5	causality	causality	PROPN
ajeer-229	33	6	test	test	NOUN
ajeer-229	33	7	and	and	CCONJ
ajeer-229	33	8	found	find	VERB
ajeer-229	33	9	that	that	SCONJ
ajeer-229	33	10	the	the	DET
ajeer-229	33	11	korean	korean	ADJ
ajeer-229	33	12	tourism	tourism	NOUN
ajeer-229	33	13	industry	industry	NOUN
ajeer-229	33	14	is	be	AUX
ajeer-229	33	15	economic	economic	ADV
ajeer-229	33	16	-	-	PUNCT
ajeer-229	33	17	driven	drive	VERB
ajeer-229	33	18	.	.	PUNCT
ajeer-229	34	1	kim	kim	PROPN
ajeer-229	34	2	et	et	PROPN
ajeer-229	34	3	al	al	PROPN
ajeer-229	34	4	.	.	PROPN
ajeer-229	34	5	(	(	PUNCT
ajeer-229	34	6	2006	2006	NUM
ajeer-229	34	7	)	)	PUNCT
ajeer-229	34	8	examined	examine	VERB
ajeer-229	34	9	the	the	DET
ajeer-229	34	10	relationship	relationship	NOUN
ajeer-229	34	11	between	between	ADP
ajeer-229	34	12	tourism	tourism	NOUN
ajeer-229	34	13	expansion	expansion	NOUN
ajeer-229	34	14	and	and	CCONJ
ajeer-229	34	15	economic	economic	ADJ
ajeer-229	34	16	development	development	NOUN
ajeer-229	34	17	in	in	ADP
ajeer-229	34	18	taiwan	taiwan	PROPN
ajeer-229	34	19	.	.	PUNCT
ajeer-229	35	1	they	they	PRON
ajeer-229	35	2	found	find	VERB
ajeer-229	35	3	a	a	DET
ajeer-229	35	4	bi	bi	ADJ
ajeer-229	35	5	-	-	ADJ
ajeer-229	35	6	directional	directional	ADJ
ajeer-229	35	7	causality	causality	NOUN
ajeer-229	35	8	between	between	ADP
ajeer-229	35	9	them	they	PRON
ajeer-229	35	10	.	.	PUNCT
ajeer-229	36	1	in	in	ADP
ajeer-229	36	2	other	other	ADJ
ajeer-229	36	3	words	word	NOUN
ajeer-229	36	4	,	,	PUNCT
ajeer-229	36	5	in	in	ADP
ajeer-229	36	6	taiwan	taiwan	PROPN
ajeer-229	36	7	,	,	PUNCT
ajeer-229	36	8	tourism	tourism	NOUN
ajeer-229	36	9	expansion	expansion	NOUN
ajeer-229	36	10	and	and	CCONJ
ajeer-229	36	11	economic	economic	ADJ
ajeer-229	36	12	development	development	NOUN
ajeer-229	36	13	reinforce	reinforce	VERB
ajeer-229	36	14	each	each	DET
ajeer-229	36	15	other	other	ADJ
ajeer-229	36	16	.	.	PUNCT
ajeer-229	37	1	min	min	NOUN
ajeer-229	37	2	(	(	PUNCT
ajeer-229	37	3	2013	2013	NUM
ajeer-229	37	4	)	)	PUNCT
ajeer-229	37	5	used	use	VERB
ajeer-229	37	6	panel	panel	NOUN
ajeer-229	37	7	data	datum	NOUN
ajeer-229	37	8	approach	approach	NOUN
ajeer-229	37	9	to	to	PART
ajeer-229	37	10	test	test	VERB
ajeer-229	37	11	the	the	DET
ajeer-229	37	12	tourism	tourism	NOUN
ajeer-229	37	13	-	-	PUNCT
ajeer-229	37	14	led	lead	VERB
ajeer-229	37	15	economic	economic	ADJ
ajeer-229	37	16	growth	growth	NOUN
ajeer-229	37	17	hypothesis	hypothesis	NOUN
ajeer-229	37	18	.	.	PUNCT
ajeer-229	38	1	he	he	PRON
ajeer-229	38	2	found	find	VERB
ajeer-229	38	3	that	that	SCONJ
ajeer-229	38	4	the	the	DET
ajeer-229	38	5	tourism	tourism	NOUN
ajeer-229	38	6	-	-	PUNCT
ajeer-229	38	7	led	lead	VERB
ajeer-229	38	8	growth	growth	NOUN
ajeer-229	38	9	hypothesis	hypothesis	NOUN
ajeer-229	38	10	is	be	AUX
ajeer-229	38	11	more	more	ADV
ajeer-229	38	12	strongly	strongly	ADV
ajeer-229	38	13	supported	support	VERB
ajeer-229	38	14	when	when	SCONJ
ajeer-229	38	15	the	the	DET
ajeer-229	38	16	time	time	NOUN
ajeer-229	38	17	-	-	PUNCT
ajeer-229	38	18	specific	specific	ADJ
ajeer-229	38	19	effects	effect	NOUN
ajeer-229	38	20	are	be	AUX
ajeer-229	38	21	eliminated	eliminate	VERB
ajeer-229	38	22	,	,	PUNCT
ajeer-229	38	23	which	which	PRON
ajeer-229	38	24	will	will	AUX
ajeer-229	38	25	cause	cause	VERB
ajeer-229	38	26	a	a	DET
ajeer-229	38	27	biased	biased	ADJ
ajeer-229	38	28	estimate	estimate	NOUN
ajeer-229	38	29	in	in	ADP
ajeer-229	38	30	the	the	DET
ajeer-229	38	31	granger	granger	PROPN
ajeer-229	38	32	causality	causality	PROPN
ajeer-229	38	33	test	test	NOUN
ajeer-229	38	34	.	.	PUNCT
ajeer-229	39	1	according	accord	VERB
ajeer-229	39	2	to	to	ADP
ajeer-229	39	3	the	the	DET
ajeer-229	39	4	data	datum	NOUN
ajeer-229	39	5	of	of	ADP
ajeer-229	39	6	the	the	DET
ajeer-229	39	7	world	world	NOUN
ajeer-229	39	8	tourism	tourism	NOUN
ajeer-229	39	9	organization	organization	NOUN
ajeer-229	39	10	in	in	ADP
ajeer-229	39	11	april	april	PROPN
ajeer-229	39	12	2015	2015	NUM
ajeer-229	39	13	announcement	announcement	NOUN
ajeer-229	39	14	,	,	PUNCT
ajeer-229	39	15	the	the	DET
ajeer-229	39	16	number	number	NOUN
ajeer-229	39	17	of	of	ADP
ajeer-229	39	18	international	international	ADJ
ajeer-229	39	19	tourist	tourist	NOUN
ajeer-229	39	20	visited	visit	VERB
ajeer-229	39	21	in	in	ADP
ajeer-229	39	22	taiwan	taiwan	PROPN
ajeer-229	39	23	in	in	ADP
ajeer-229	39	24	2012	2012	NUM
ajeer-229	39	25	was	be	AUX
ajeer-229	39	26	estimated	estimate	VERB
ajeer-229	39	27	about	about	ADP
ajeer-229	39	28	9.9	9.9	NUM
ajeer-229	39	29	million	million	NUM
ajeer-229	39	30	,	,	PUNCT
ajeer-229	39	31	ranked	rank	VERB
ajeer-229	39	32	as	as	ADP
ajeer-229	39	33	the	the	DET
ajeer-229	39	34	world‟s	world‟s	NOUN
ajeer-229	39	35	31	31	NUM
ajeer-229	39	36	and	and	CCONJ
ajeer-229	39	37	created	create	VERB
ajeer-229	39	38	revenues	revenue	NOUN
ajeer-229	39	39	about	about	ADP
ajeer-229	39	40	$	$	SYM
ajeer-229	39	41	14.7	14.7	NUM
ajeer-229	39	42	billion	billion	NUM
ajeer-229	39	43	.	.	PUNCT
ajeer-229	40	1	in	in	ADP
ajeer-229	40	2	2014	2014	NUM
ajeer-229	40	3	,	,	PUNCT
ajeer-229	40	4	taiwan	taiwan	PROPN
ajeer-229	40	5	inbound	inbound	PROPN
ajeer-229	40	6	tourists	tourist	NOUN
ajeer-229	40	7	grew	grow	VERB
ajeer-229	40	8	23.6	23.6	NUM
ajeer-229	40	9	%	%	NOUN
ajeer-229	40	10	,	,	PUNCT
ajeer-229	40	11	ranking	rank	VERB
ajeer-229	40	12	the	the	DET
ajeer-229	40	13	2nd	2nd	ADJ
ajeer-229	40	14	place	place	NOUN
ajeer-229	40	15	of	of	ADP
ajeer-229	40	16	the	the	DET
ajeer-229	40	17	world‟s	world‟s	NOUN
ajeer-229	40	18	top	top	ADJ
ajeer-229	40	19	50	50	NUM
ajeer-229	40	20	tourist	tourist	NOUN
ajeer-229	40	21	destinations	destination	NOUN
ajeer-229	40	22	,	,	PUNCT
ajeer-229	40	23	only	only	ADV
ajeer-229	40	24	less	less	ADJ
ajeer-229	40	25	than	than	ADP
ajeer-229	40	26	the	the	DET
ajeer-229	40	27	japan‟s	japan‟s	NOUN
ajeer-229	40	28	growth	growth	NOUN
ajeer-229	40	29	rate	rate	NOUN
ajeer-229	40	30	of	of	ADP
ajeer-229	40	31	29.4	29.4	NUM
ajeer-229	40	32	%	%	NOUN
ajeer-229	40	33	.	.	PUNCT
ajeer-229	41	1	tourism	tourism	NOUN
ajeer-229	41	2	revenue	revenue	NOUN
ajeer-229	41	3	has	have	VERB
ajeer-229	41	4	growth	growth	NOUN
ajeer-229	41	5	18.9	18.9	NUM
ajeer-229	41	6	%	%	NOUN
ajeer-229	41	7	,	,	PUNCT
ajeer-229	41	8	ranking	rank	VERB
ajeer-229	41	9	the	the	DET
ajeer-229	41	10	4th	4th	ADJ
ajeer-229	41	11	place	place	NOUN
ajeer-229	41	12	in	in	ADP
ajeer-229	41	13	the	the	DET
ajeer-229	41	14	world‟s	world‟s	NOUN
ajeer-229	41	15	top	top	ADJ
ajeer-229	41	16	50	50	NUM
ajeer-229	41	17	tourism	tourism	NOUN
ajeer-229	41	18	revenue	revenue	NOUN
ajeer-229	41	19	areas	area	NOUN
ajeer-229	41	20	.	.	PUNCT
ajeer-229	42	1	gradually	gradually	ADV
ajeer-229	42	2	,	,	PUNCT
ajeer-229	42	3	taiwan‟s	taiwan‟s	ADP
ajeer-229	42	4	tourism	tourism	NOUN
ajeer-229	42	5	has	have	AUX
ajeer-229	42	6	been	be	AUX
ajeer-229	42	7	recognized	recognize	VERB
ajeer-229	42	8	considerable	considerable	ADJ
ajeer-229	42	9	potential	potential	NOUN
ajeer-229	42	10	.	.	PUNCT
ajeer-229	43	1	chen	chen	PROPN
ajeer-229	43	2	and	and	CCONJ
ajeer-229	43	3	zan	zan	PROPN
ajeer-229	43	4	(	(	PUNCT
ajeer-229	43	5	2009	2009	NUM
ajeer-229	43	6	)	)	PUNCT
ajeer-229	43	7	have	have	AUX
ajeer-229	43	8	showed	show	VERB
ajeer-229	43	9	that	that	SCONJ
ajeer-229	43	10	the	the	DET
ajeer-229	43	11	tourism	tourism	NOUN
ajeer-229	43	12	industry	industry	NOUN
ajeer-229	43	13	greatly	greatly	ADV
ajeer-229	43	14	contributed	contribute	VERB
ajeer-229	43	15	to	to	ADP
ajeer-229	43	16	the	the	DET
ajeer-229	43	17	taiwanese	taiwanese	ADJ
ajeer-229	43	18	economy	economy	NOUN
ajeer-229	43	19	that	that	PRON
ajeer-229	43	20	is	be	AUX
ajeer-229	43	21	,	,	PUNCT
ajeer-229	43	22	taiwan	taiwan	PROPN
ajeer-229	43	23	is	be	AUX
ajeer-229	43	24	tourism	tourism	NOUN
ajeer-229	43	25	-	-	PUNCT
ajeer-229	43	26	led	lead	VERB
ajeer-229	43	27	economic	economic	ADJ
ajeer-229	43	28	.	.	PUNCT
ajeer-229	44	1	taiwan	taiwan	PROPN
ajeer-229	44	2	authority	authority	PROPN
ajeer-229	44	3	has	have	AUX
ajeer-229	44	4	opened	open	VERB
ajeer-229	44	5	the	the	DET
ajeer-229	44	6	chinese	chinese	ADJ
ajeer-229	44	7	group	group	NOUN
ajeer-229	44	8	tourists	tourist	NOUN
ajeer-229	44	9	to	to	ADP
ajeer-229	44	10	taiwan	taiwan	PROPN
ajeer-229	44	11	since	since	SCONJ
ajeer-229	44	12	the	the	DET
ajeer-229	44	13	summer	summer	NOUN
ajeer-229	44	14	of	of	ADP
ajeer-229	44	15	2008	2008	NUM
ajeer-229	44	16	.	.	PUNCT
ajeer-229	45	1	in	in	ADP
ajeer-229	45	2	order	order	NOUN
ajeer-229	45	3	to	to	PART
ajeer-229	45	4	push	push	VERB
ajeer-229	45	5	up	up	ADP
ajeer-229	45	6	the	the	DET
ajeer-229	45	7	number	number	NOUN
ajeer-229	45	8	of	of	ADP
ajeer-229	45	9	tourists	tourist	NOUN
ajeer-229	45	10	,	,	PUNCT
ajeer-229	45	11	taiwan	taiwan	PROPN
ajeer-229	45	12	government	government	NOUN
ajeer-229	45	13	implements	implement	VERB
ajeer-229	45	14	many	many	ADJ
ajeer-229	45	15	projects	project	NOUN
ajeer-229	45	16	to	to	PART
ajeer-229	45	17	develop	develop	VERB
ajeer-229	45	18	the	the	DET
ajeer-229	45	19	tourism	tourism	NOUN
ajeer-229	45	20	industry	industry	NOUN
ajeer-229	45	21	,	,	PUNCT
ajeer-229	45	22	such	such	ADJ
ajeer-229	45	23	as	as	ADP
ajeer-229	45	24	doubling	double	VERB
ajeer-229	45	25	tourist	tourist	NOUN
ajeer-229	45	26	arrivals	arrival	NOUN
ajeer-229	45	27	plan	plan	NOUN
ajeer-229	45	28	(	(	PUNCT
ajeer-229	45	29	dtap	dtap	NOUN
ajeer-229	45	30	)	)	PUNCT
ajeer-229	45	31	introduced	introduce	VERB
ajeer-229	45	32	in	in	ADP
ajeer-229	45	33	2002	2002	NUM
ajeer-229	45	34	and	and	CCONJ
ajeer-229	45	35	„	„	PUNCT
ajeer-229	45	36	„	„	PUNCT
ajeer-229	45	37	challenge	challenge	NOUN
ajeer-229	45	38	2008‟‟	2008‟‟	NUM
ajeer-229	45	39	,	,	PUNCT
ajeer-229	45	40	taiwan‟s	taiwan‟s	ADV
ajeer-229	45	41	2015	2015	NUM
ajeer-229	45	42	-	-	SYM
ajeer-229	45	43	2018	2018	NUM
ajeer-229	45	44	tourism	tourism	NOUN
ajeer-229	45	45	action	action	NOUN
ajeer-229	45	46	plan	plan	NOUN
ajeer-229	45	47	,	,	PUNCT
ajeer-229	45	48	mid	mid	ADJ
ajeer-229	45	49	-	-	ADJ
ajeer-229	45	50	term	term	NOUN
ajeer-229	45	51	plan	plan	NOUN
ajeer-229	45	52	for	for	ADP
ajeer-229	45	53	construction	construction	NOUN
ajeer-229	45	54	of	of	ADP
ajeer-229	45	55	major	major	ADJ
ajeer-229	45	56	scenic	scenic	ADJ
ajeer-229	45	57	sites	site	NOUN
ajeer-229	45	58	(	(	PUNCT
ajeer-229	45	59	2012	2012	NUM
ajeer-229	45	60	-	-	SYM
ajeer-229	45	61	2015	2015	NUM
ajeer-229	45	62	)	)	PUNCT
ajeer-229	45	63	,	,	PUNCT
ajeer-229	45	64	project	project	NOUN
ajeer-229	45	65	vanguard	vanguard	NOUN
ajeer-229	45	66	for	for	ADP
ajeer-229	45	67	excellence	excellence	PROPN
ajeer-229	45	68	in	in	ADP
ajeer-229	45	69	tourism	tourism	NOUN
ajeer-229	45	70	,	,	PUNCT
ajeer-229	45	71	tour	tour	VERB
ajeer-229	45	72	taiwan	taiwan	PROPN
ajeer-229	45	73	and	and	CCONJ
ajeer-229	45	74	experience	experience	VERB
ajeer-229	45	75	the	the	DET
ajeer-229	45	76	centennial	centennial	NOUN
ajeer-229	45	77	,	,	PUNCT
ajeer-229	45	78	etc	etc	X
ajeer-229	45	79	.	.	X
ajeer-229	46	1	according	accord	VERB
ajeer-229	46	2	to	to	ADP
ajeer-229	46	3	taiwan	taiwan	PROPN
ajeer-229	46	4	tourism	tourism	NOUN
ajeer-229	46	5	bureau	bureau	NOUN
ajeer-229	46	6	,	,	PUNCT
ajeer-229	46	7	these	these	DET
ajeer-229	46	8	plans	plan	NOUN
ajeer-229	46	9	are	be	AUX
ajeer-229	46	10	proposed	propose	VERB
ajeer-229	46	11	to	to	PART
ajeer-229	46	12	deepen	deepen	VERB
ajeer-229	46	13	of	of	ADP
ajeer-229	46	14	the	the	DET
ajeer-229	46	15	“	"	PUNCT
ajeer-229	46	16	time	time	NOUN
ajeer-229	46	17	for	for	ADP
ajeer-229	46	18	taiwan	taiwan	PROPN
ajeer-229	46	19	”	"	PUNCT
ajeer-229	46	20	core	core	NOUN
ajeer-229	46	21	promotional	promotional	ADJ
ajeer-229	46	22	program	program	NOUN
ajeer-229	46	23	,	,	PUNCT
ajeer-229	46	24	and	and	CCONJ
ajeer-229	46	25	,	,	PUNCT
ajeer-229	46	26	to	to	PART
ajeer-229	46	27	use	use	VERB
ajeer-229	46	28	“	"	PUNCT
ajeer-229	46	29	quality	quality	NOUN
ajeer-229	46	30	,	,	PUNCT
ajeer-229	46	31	uniqueness	uniqueness	NOUN
ajeer-229	46	32	,	,	PUNCT
ajeer-229	46	33	intelligence	intelligence	NOUN
ajeer-229	46	34	,	,	PUNCT
ajeer-229	46	35	and	and	CCONJ
ajeer-229	46	36	sustainability	sustainability	NOUN
ajeer-229	46	37	”	"	PUNCT
ajeer-229	46	38	as	as	ADP
ajeer-229	46	39	strategies	strategy	NOUN
ajeer-229	46	40	toward	toward	ADP
ajeer-229	46	41	the	the	DET
ajeer-229	46	42	goals	goal	NOUN
ajeer-229	46	43	of	of	ADP
ajeer-229	46	44	“	"	PUNCT
ajeer-229	46	45	development	development	NOUN
ajeer-229	46	46	of	of	ADP
ajeer-229	46	47	international	international	ADJ
ajeer-229	46	48	tourism	tourism	NOUN
ajeer-229	46	49	,	,	PUNCT
ajeer-229	46	50	enhancement	enhancement	NOUN
ajeer-229	46	51	of	of	ADP
ajeer-229	46	52	domestic	domestic	ADJ
ajeer-229	46	53	travel	travel	NOUN
ajeer-229	46	54	quality	quality	NOUN
ajeer-229	46	55	,	,	PUNCT
ajeer-229	46	56	and	and	CCONJ
ajeer-229	46	57	increased	increase	VERB
ajeer-229	46	58	foreign	foreign	ADJ
ajeer-229	46	59	-	-	PUNCT
ajeer-229	46	60	exchange	exchange	NOUN
ajeer-229	46	61	revenues	revenue	NOUN
ajeer-229	46	62	”	"	PUNCT
ajeer-229	46	63	to	to	PART
ajeer-229	46	64	bring	bring	VERB
ajeer-229	46	65	taiwan‟s	taiwan‟s	ADP
ajeer-229	46	66	new	new	ADJ
ajeer-229	46	67	tourism	tourism	NOUN
ajeer-229	46	68	allure	allure	NOUN
ajeer-229	46	69	to	to	ADP
ajeer-229	46	70	the	the	DET
ajeer-229	46	71	attention	attention	NOUN
ajeer-229	46	72	of	of	ADP
ajeer-229	46	73	the	the	DET
ajeer-229	46	74	world1	world1	NOUN
ajeer-229	46	75	.	.	PUNCT
ajeer-229	47	1	on	on	ADP
ajeer-229	47	2	the	the	DET
ajeer-229	47	3	other	other	ADJ
ajeer-229	47	4	hand	hand	NOUN
ajeer-229	47	5	,	,	PUNCT
ajeer-229	47	6	portnov	portnov	NOUN
ajeer-229	47	7	and	and	CCONJ
ajeer-229	47	8	li	li	PROPN
ajeer-229	47	9	(	(	PUNCT
ajeer-229	47	10	2013	2013	NUM
ajeer-229	47	11	)	)	PUNCT
ajeer-229	47	12	suggested	suggest	VERB
ajeer-229	47	13	that	that	SCONJ
ajeer-229	47	14	in	in	ADP
ajeer-229	47	15	order	order	NOUN
ajeer-229	47	16	to	to	PART
ajeer-229	47	17	achieve	achieve	VERB
ajeer-229	47	18	a	a	DET
ajeer-229	47	19	greater	great	ADJ
ajeer-229	47	20	stability	stability	NOUN
ajeer-229	47	21	in	in	ADP
ajeer-229	47	22	the	the	DET
ajeer-229	47	23	number	number	NOUN
ajeer-229	47	24	of	of	ADP
ajeer-229	47	25	inbound	inbound	ADJ
ajeer-229	47	26	tourist	tourist	NOUN
ajeer-229	47	27	arrivals	arrival	NOUN
ajeer-229	47	28	,	,	PUNCT
ajeer-229	47	29	taiwan	taiwan	PROPN
ajeer-229	47	30	should	should	AUX
ajeer-229	47	31	diversify	diversify	VERB
ajeer-229	47	32	sources	source	NOUN
ajeer-229	47	33	of	of	ADP
ajeer-229	47	34	their	their	PRON
ajeer-229	47	35	inbound	inbound	ADJ
ajeer-229	47	36	tourism	tourism	NOUN
ajeer-229	47	37	,	,	PUNCT
ajeer-229	47	38	by	by	ADP
ajeer-229	47	39	giving	give	VERB
ajeer-229	47	40	priority	priority	NOUN
ajeer-229	47	41	to	to	ADP
ajeer-229	47	42	neighboring	neighboring	NOUN
ajeer-229	47	43	countries	country	NOUN
ajeer-229	47	44	with	with	ADP
ajeer-229	47	45	relatively	relatively	ADV
ajeer-229	47	46	larger	large	ADJ
ajeer-229	47	47	,	,	PUNCT
ajeer-229	47	48	more	more	ADV
ajeer-229	47	49	productive	productive	ADJ
ajeer-229	47	50	,	,	PUNCT
ajeer-229	47	51	and	and	CCONJ
ajeer-229	47	52	more	more	ADV
ajeer-229	47	53	steadily	steadily	ADV
ajeer-229	47	54	growing	grow	VERB
ajeer-229	47	55	economies	economy	NOUN
ajeer-229	47	56	,	,	PUNCT
ajeer-229	47	57	such	such	ADJ
ajeer-229	47	58	as	as	ADP
ajeer-229	47	59	china	china	PROPN
ajeer-229	47	60	,	,	PUNCT
ajeer-229	47	61	malaysia	malaysia	PROPN
ajeer-229	47	62	,	,	PUNCT
ajeer-229	47	63	thailand	thailand	PROPN
ajeer-229	47	64	,	,	PUNCT
ajeer-229	47	65	or	or	CCONJ
ajeer-229	47	66	the	the	DET
ajeer-229	47	67	other	other	ADJ
ajeer-229	47	68	emerging	emerge	VERB
ajeer-229	47	69	countries	country	NOUN
ajeer-229	47	70	in	in	ADP
ajeer-229	47	71	south	south	ADJ
ajeer-229	47	72	-	-	PUNCT
ajeer-229	47	73	eastern	eastern	ADJ
ajeer-229	47	74	asia	asia	PROPN
ajeer-229	47	75	.	.	PUNCT
ajeer-229	48	1	according	accord	VERB
ajeer-229	48	2	to	to	ADP
ajeer-229	48	3	the	the	DET
ajeer-229	48	4	taiwan	taiwan	PROPN
ajeer-229	48	5	tourism	tourism	PROPN
ajeer-229	48	6	bureau	bureau	PROPN
ajeer-229	48	7	,	,	PUNCT
ajeer-229	48	8	the	the	DET
ajeer-229	48	9	inbound	inbound	ADJ
ajeer-229	48	10	number	number	NOUN
ajeer-229	48	11	of	of	ADP
ajeer-229	48	12	tourists	tourist	NOUN
ajeer-229	48	13	was	be	AUX
ajeer-229	48	14	2,624,037	2,624,037	NUM
ajeer-229	48	15	in	in	ADP
ajeer-229	48	16	2000	2000	NUM
ajeer-229	48	17	,	,	PUNCT
ajeer-229	48	18	9,910,204	9,910,204	NUM
ajeer-229	48	19	in	in	ADP
ajeer-229	48	20	2014	2014	NUM
ajeer-229	48	21	,	,	PUNCT
ajeer-229	48	22	growing	grow	VERB
ajeer-229	48	23	about	about	ADP
ajeer-229	48	24	3.8	3.8	NUM
ajeer-229	48	25	times	time	NOUN
ajeer-229	48	26	and	and	CCONJ
ajeer-229	48	27	over	over	ADP
ajeer-229	48	28	10	10	NUM
ajeer-229	48	29	million	million	NUM
ajeer-229	48	30	in	in	ADP
ajeer-229	48	31	the	the	DET
ajeer-229	48	32	end	end	NOUN
ajeer-229	48	33	of	of	ADP
ajeer-229	48	34	2015	2015	NUM
ajeer-229	48	35	.	.	PUNCT
ajeer-229	49	1	this	this	DET
ajeer-229	49	2	tendency	tendency	NOUN
ajeer-229	49	3	shows	show	VERB
ajeer-229	49	4	the	the	DET
ajeer-229	49	5	visibility	visibility	NOUN
ajeer-229	49	6	and	and	CCONJ
ajeer-229	49	7	attractiveness	attractiveness	NOUN
ajeer-229	49	8	of	of	ADP
ajeer-229	49	9	international	international	ADJ
ajeer-229	49	10	tourism	tourism	NOUN
ajeer-229	49	11	in	in	ADP
ajeer-229	49	12	traveling	travel	VERB
ajeer-229	49	13	to	to	ADP
ajeer-229	49	14	taiwan	taiwan	PROPN
ajeer-229	49	15	,	,	PUNCT
ajeer-229	49	16	which	which	PRON
ajeer-229	49	17	significantly	significantly	ADV
ajeer-229	49	18	increase	increase	VERB
ajeer-229	49	19	the	the	DET
ajeer-229	49	20	number	number	NOUN
ajeer-229	49	21	of	of	ADP
ajeer-229	49	22	attentions	attention	NOUN
ajeer-229	49	23	.	.	PUNCT
ajeer-229	50	1	moreover	moreover	ADV
ajeer-229	50	2	,	,	PUNCT
ajeer-229	50	3	taiwan‟s	taiwan‟s	ADP
ajeer-229	50	4	foreign	foreign	ADJ
ajeer-229	50	5	exchange	exchange	NOUN
ajeer-229	50	6	earnings	earning	NOUN
ajeer-229	50	7	generated	generate	VERB
ajeer-229	50	8	by	by	ADP
ajeer-229	50	9	tourism	tourism	NOUN
ajeer-229	50	10	was	be	AUX
ajeer-229	50	11	from	from	ADP
ajeer-229	50	12	$	$	SYM
ajeer-229	50	13	3,738	3,738	NUM
ajeer-229	50	14	million	million	NUM
ajeer-229	50	15	in	in	ADP
ajeer-229	50	16	2000	2000	NUM
ajeer-229	50	17	to	to	ADP
ajeer-229	50	18	$	$	SYM
ajeer-229	50	19	14,615	14,615	NUM
ajeer-229	50	20	million	million	NUM
ajeer-229	50	21	in	in	ADP
ajeer-229	50	22	2014	2014	NUM
ajeer-229	50	23	and	and	CCONJ
ajeer-229	50	24	its	its	PRON
ajeer-229	50	25	share	share	NOUN
ajeer-229	50	26	in	in	ADP
ajeer-229	50	27	total	total	ADJ
ajeer-229	50	28	gdp	gdp	NOUN
ajeer-229	50	29	also	also	ADV
ajeer-229	50	30	reach	reach	VERB
ajeer-229	50	31	2.76	2.76	NUM
ajeer-229	50	32	%	%	NOUN
ajeer-229	50	33	from	from	ADP
ajeer-229	50	34	1.13	1.13	NUM
ajeer-229	50	35	%	%	NOUN
ajeer-229	50	36	.	.	PUNCT
ajeer-229	51	1	it	it	PRON
ajeer-229	51	2	shows	show	VERB
ajeer-229	51	3	that	that	SCONJ
ajeer-229	51	4	taiwan	taiwan	PROPN
ajeer-229	51	5	tourism	tourism	NOUN
ajeer-229	51	6	industry	industry	NOUN
ajeer-229	51	7	earns	earn	VERB
ajeer-229	51	8	a	a	DET
ajeer-229	51	9	huge	huge	ADJ
ajeer-229	51	10	of	of	ADP
ajeer-229	51	11	foreign	foreign	ADJ
ajeer-229	51	12	exchange	exchange	NOUN
ajeer-229	51	13	earnings	earning	NOUN
ajeer-229	51	14	.	.	PUNCT
ajeer-229	52	1	thus	thus	ADV
ajeer-229	52	2	,	,	PUNCT
ajeer-229	52	3	the	the	DET
ajeer-229	52	4	fluctuations	fluctuation	NOUN
ajeer-229	52	5	in	in	ADP
ajeer-229	52	6	exchange	exchange	NOUN
ajeer-229	52	7	rates	rate	NOUN
ajeer-229	52	8	for	for	ADP
ajeer-229	52	9	taiwan‟s	taiwan‟s	ADJ
ajeer-229	52	10	tourism	tourism	NOUN
ajeer-229	52	11	industry	industry	NOUN
ajeer-229	52	12	is	be	AUX
ajeer-229	52	13	also	also	ADV
ajeer-229	52	14	an	an	DET
ajeer-229	52	15	important	important	ADJ
ajeer-229	52	16	factor	factor	NOUN
ajeer-229	52	17	for	for	ADP
ajeer-229	52	18	taiwan‟s	taiwan‟s	ADJ
ajeer-229	52	19	overall	overall	ADJ
ajeer-229	52	20	economic	economic	ADJ
ajeer-229	52	21	development	development	NOUN
ajeer-229	52	22	.	.	PUNCT
ajeer-229	53	1	the	the	DET
ajeer-229	53	2	recent	recent	ADJ
ajeer-229	53	3	ten	ten	NUM
ajeer-229	53	4	-	-	PUNCT
ajeer-229	53	5	year	year	NOUN
ajeer-229	53	6	annual	annual	ADJ
ajeer-229	53	7	revenues	revenue	NOUN
ajeer-229	53	8	generate	generate	VERB
ajeer-229	53	9	from	from	ADP
ajeer-229	53	10	tourism	tourism	NOUN
ajeer-229	53	11	,	,	PUNCT
ajeer-229	53	12	foreign	foreign	ADJ
ajeer-229	53	13	exchange	exchange	NOUN
ajeer-229	53	14	and	and	CCONJ
ajeer-229	53	15	domestic	domestic	ADJ
ajeer-229	53	16	tourism	tourism	NOUN
ajeer-229	53	17	are	be	AUX
ajeer-229	53	18	shown	show	VERB
ajeer-229	53	19	in	in	ADP
ajeer-229	53	20	the	the	DET
ajeer-229	53	21	figure	figure	NOUN
ajeer-229	53	22	1	1	NUM
ajeer-229	53	23	.	.	PUNCT
ajeer-229	54	1	the	the	DET
ajeer-229	54	2	highest	high	ADJ
ajeer-229	54	3	line	line	NOUN
ajeer-229	54	4	is	be	AUX
ajeer-229	54	5	the	the	DET
ajeer-229	54	6	tourism	tourism	NOUN
ajeer-229	54	7	revenue	revenue	NOUN
ajeer-229	54	8	(	(	PUNCT
ajeer-229	54	9	in	in	ADP
ajeer-229	54	10	red	red	NOUN
ajeer-229	54	11	)	)	PUNCT
ajeer-229	54	12	which	which	PRON
ajeer-229	54	13	grows	grow	VERB
ajeer-229	54	14	rapidly	rapidly	ADV
ajeer-229	54	15	in	in	ADP
ajeer-229	54	16	2009	2009	NUM
ajeer-229	54	17	due	due	ADP
ajeer-229	54	18	to	to	ADP
ajeer-229	54	19	the	the	DET
ajeer-229	54	20	effect	effect	NOUN
ajeer-229	54	21	of	of	ADP
ajeer-229	54	22	opening	opening	NOUN
ajeer-229	54	23	of	of	ADP
ajeer-229	54	24	chinese	chinese	ADJ
ajeer-229	54	25	tourists	tourist	NOUN
ajeer-229	54	26	to	to	PART
ajeer-229	54	27	visit	visit	VERB
ajeer-229	54	28	taiwan	taiwan	PROPN
ajeer-229	54	29	.	.	PUNCT
ajeer-229	55	1	and	and	CCONJ
ajeer-229	55	2	the	the	DET
ajeer-229	55	3	lowest	low	ADJ
ajeer-229	55	4	line	line	NOUN
ajeer-229	55	5	is	be	AUX
ajeer-229	55	6	the	the	DET
ajeer-229	55	7	domestic	domestic	ADJ
ajeer-229	55	8	tourism	tourism	NOUN
ajeer-229	55	9	revenue	revenue	NOUN
ajeer-229	55	10	(	(	PUNCT
ajeer-229	55	11	in	in	ADP
ajeer-229	55	12	purple	purple	NOUN
ajeer-229	55	13	)	)	PUNCT
ajeer-229	55	14	which	which	PRON
ajeer-229	55	15	attains	attain	VERB
ajeer-229	55	16	the	the	DET
ajeer-229	55	17	maximum	maximum	ADJ
ajeer-229	55	18	(	(	PUNCT
ajeer-229	55	19	331	331	NUM
ajeer-229	55	20	billion	billion	NUM
ajeer-229	55	21	of	of	ADP
ajeer-229	55	22	nt	nt	PRON
ajeer-229	55	23	dollars	dollar	NOUN
ajeer-229	55	24	)	)	PUNCT
ajeer-229	55	25	in	in	ADP
ajeer-229	55	26	2011	2011	NUM
ajeer-229	55	27	and	and	CCONJ
ajeer-229	55	28	declines	decline	VERB
ajeer-229	55	29	in	in	ADP
ajeer-229	55	30	the	the	DET
ajeer-229	55	31	following	following	ADJ
ajeer-229	55	32	years	year	NOUN
ajeer-229	55	33	.	.	PUNCT
ajeer-229	56	1	the	the	DET
ajeer-229	56	2	foreign	foreign	ADJ
ajeer-229	56	3	exchange	exchange	NOUN
ajeer-229	56	4	earnings	earning	NOUN
ajeer-229	56	5	(	(	PUNCT
ajeer-229	56	6	in	in	ADP
ajeer-229	56	7	green	green	NOUN
ajeer-229	56	8	)	)	PUNCT
ajeer-229	56	9	smoothly	smoothly	ADV
ajeer-229	56	10	increases	increase	VERB
ajeer-229	56	11	in	in	ADP
ajeer-229	56	12	years	year	NOUN
ajeer-229	56	13	.	.	PUNCT
ajeer-229	57	1	1	1	NUM
ajeer-229	57	2	http://admin.taiwan.net.tw/public/public_en.aspx?no=6	http://admin.taiwan.net.tw/public/public_en.aspx?no=6	PROPN
ajeer-229	57	3	.	.	PROPN
ajeer-229	57	4	http://admin.taiwan.net.tw/public/public_en.aspx?no=6	http://admin.taiwan.net.tw/public/public_en.aspx?no=6	PROPN
ajeer-229	57	5	asian	asian	PROPN
ajeer-229	57	6	journal	journal	NOUN
ajeer-229	57	7	of	of	ADP
ajeer-229	57	8	economics	economic	NOUN
ajeer-229	57	9	and	and	CCONJ
ajeer-229	57	10	empirical	empirical	ADJ
ajeer-229	57	11	research	research	NOUN
ajeer-229	57	12	,	,	PUNCT
ajeer-229	57	13	2017	2017	NUM
ajeer-229	57	14	,	,	PUNCT
ajeer-229	57	15	4(1	4(1	NOUN
ajeer-229	57	16	):	):	PUNCT
ajeer-229	57	17	32	32	NUM
ajeer-229	57	18	-	-	SYM
ajeer-229	57	19	48	48	NUM
ajeer-229	57	20	34	34	NUM
ajeer-229	57	21	figure-1	figure-1	PROPN
ajeer-229	57	22	.	.	PUNCT
ajeer-229	58	1	taiwan	taiwan	PROPN
ajeer-229	58	2	annual	annual	ADJ
ajeer-229	58	3	revenues	revenue	NOUN
ajeer-229	58	4	generate	generate	VERB
ajeer-229	58	5	from	from	ADP
ajeer-229	58	6	tourism	tourism	NOUN
ajeer-229	58	7	,	,	PUNCT
ajeer-229	58	8	foreign	foreign	ADJ
ajeer-229	58	9	exchange	exchange	NOUN
ajeer-229	58	10	,	,	PUNCT
ajeer-229	58	11	and	and	CCONJ
ajeer-229	58	12	domestic	domestic	ADJ
ajeer-229	58	13	tourism	tourism	NOUN
ajeer-229	58	14	source	source	NOUN
ajeer-229	58	15	:	:	PUNCT
ajeer-229	58	16	tourism	tourism	NOUN
ajeer-229	58	17	bureau	bureau	NOUN
ajeer-229	58	18	,	,	PUNCT
ajeer-229	58	19	m.o.t.c	m.o.t.c	PROPN
ajeer-229	58	20	.	.	PROPN
ajeer-229	58	21	,	,	PUNCT
ajeer-229	58	22	republic	republic	PROPN
ajeer-229	58	23	of	of	ADP
ajeer-229	58	24	china	china	PROPN
ajeer-229	58	25	(	(	PUNCT
ajeer-229	58	26	taiwan	taiwan	PROPN
ajeer-229	58	27	)	)	PUNCT
ajeer-229	58	28	taiwan„s	taiwan„s	PROPN
ajeer-229	58	29	tourism	tourism	NOUN
ajeer-229	58	30	revenues	revenue	NOUN
ajeer-229	58	31	have	have	AUX
ajeer-229	58	32	increased	increase	VERB
ajeer-229	58	33	in	in	ADP
ajeer-229	58	34	recent	recent	ADJ
ajeer-229	58	35	years	year	NOUN
ajeer-229	58	36	,	,	PUNCT
ajeer-229	58	37	the	the	DET
ajeer-229	58	38	tourism	tourism	NOUN
ajeer-229	58	39	industry	industry	NOUN
ajeer-229	58	40	plays	play	VERB
ajeer-229	58	41	an	an	DET
ajeer-229	58	42	important	important	ADJ
ajeer-229	58	43	role	role	NOUN
ajeer-229	58	44	in	in	ADP
ajeer-229	58	45	the	the	DET
ajeer-229	58	46	tourism	tourism	NOUN
ajeer-229	58	47	industry	industry	NOUN
ajeer-229	58	48	,	,	PUNCT
ajeer-229	58	49	resulting	result	VERB
ajeer-229	58	50	in	in	ADP
ajeer-229	58	51	a	a	DET
ajeer-229	58	52	huge	huge	ADJ
ajeer-229	58	53	source	source	NOUN
ajeer-229	58	54	of	of	ADP
ajeer-229	58	55	foreign	foreign	ADJ
ajeer-229	58	56	exchange	exchange	NOUN
ajeer-229	58	57	earnings	earning	NOUN
ajeer-229	58	58	.	.	PUNCT
ajeer-229	59	1	among	among	ADP
ajeer-229	59	2	the	the	DET
ajeer-229	59	3	tourists	tourist	NOUN
ajeer-229	59	4	,	,	PUNCT
ajeer-229	59	5	the	the	DET
ajeer-229	59	6	number	number	NOUN
ajeer-229	59	7	of	of	ADP
ajeer-229	59	8	chinese	chinese	ADJ
ajeer-229	59	9	tourists	tourist	NOUN
ajeer-229	59	10	accounted	account	VERB
ajeer-229	59	11	for	for	ADP
ajeer-229	59	12	the	the	DET
ajeer-229	59	13	largest	large	ADJ
ajeer-229	59	14	cases	case	NOUN
ajeer-229	59	15	,	,	PUNCT
ajeer-229	59	16	followed	follow	VERB
ajeer-229	59	17	by	by	ADP
ajeer-229	59	18	japanese	japanese	PROPN
ajeer-229	59	19	,	,	PUNCT
ajeer-229	59	20	european	european	PROPN
ajeer-229	59	21	and	and	CCONJ
ajeer-229	59	22	the	the	DET
ajeer-229	59	23	united	united	PROPN
ajeer-229	59	24	states	states	PROPN
ajeer-229	59	25	.	.	PUNCT
ajeer-229	60	1	bilateral	bilateral	ADJ
ajeer-229	60	2	trade	trade	NOUN
ajeer-229	60	3	between	between	ADP
ajeer-229	60	4	taiwan	taiwan	PROPN
ajeer-229	60	5	and	and	CCONJ
ajeer-229	60	6	china	china	PROPN
ajeer-229	60	7	,	,	PUNCT
ajeer-229	60	8	japan	japan	PROPN
ajeer-229	60	9	,	,	PUNCT
ajeer-229	60	10	europe	europe	PROPN
ajeer-229	60	11	and	and	CCONJ
ajeer-229	60	12	the	the	DET
ajeer-229	60	13	united	united	PROPN
ajeer-229	60	14	states	states	PROPN
ajeer-229	60	15	,	,	PUNCT
ajeer-229	60	16	respectively	respectively	ADV
ajeer-229	60	17	is	be	AUX
ajeer-229	60	18	not	not	PART
ajeer-229	60	19	only	only	ADV
ajeer-229	60	20	very	very	ADV
ajeer-229	60	21	close	close	ADJ
ajeer-229	60	22	,	,	PUNCT
ajeer-229	60	23	but	but	CCONJ
ajeer-229	60	24	also	also	ADV
ajeer-229	60	25	represents	represent	VERB
ajeer-229	60	26	the	the	DET
ajeer-229	60	27	effect	effect	NOUN
ajeer-229	60	28	of	of	ADP
ajeer-229	60	29	the	the	DET
ajeer-229	60	30	changes	change	NOUN
ajeer-229	60	31	in	in	ADP
ajeer-229	60	32	exchange	exchange	NOUN
ajeer-229	60	33	rates	rate	NOUN
ajeer-229	60	34	.	.	PUNCT
ajeer-229	61	1	the	the	DET
ajeer-229	61	2	number	number	NOUN
ajeer-229	61	3	of	of	ADP
ajeer-229	61	4	tourists	tourist	NOUN
ajeer-229	61	5	traveling	travel	VERB
ajeer-229	61	6	to	to	ADP
ajeer-229	61	7	taiwan	taiwan	PROPN
ajeer-229	61	8	contributes	contribute	VERB
ajeer-229	61	9	the	the	DET
ajeer-229	61	10	foreign	foreign	ADJ
ajeer-229	61	11	exchange	exchange	NOUN
ajeer-229	61	12	earnings	earning	NOUN
ajeer-229	61	13	.	.	PUNCT
ajeer-229	62	1	on	on	ADP
ajeer-229	62	2	the	the	DET
ajeer-229	62	3	other	other	ADJ
ajeer-229	62	4	hand	hand	NOUN
ajeer-229	62	5	,	,	PUNCT
ajeer-229	62	6	pritamani	pritamani	PROPN
ajeer-229	62	7	et	et	PROPN
ajeer-229	62	8	al	al	PROPN
ajeer-229	62	9	.	.	PROPN
ajeer-229	63	1	(	(	PUNCT
ajeer-229	63	2	2005	2005	NUM
ajeer-229	63	3	)	)	PUNCT
ajeer-229	63	4	divided	divide	VERB
ajeer-229	63	5	the	the	DET
ajeer-229	63	6	u.s	u.s	PROPN
ajeer-229	63	7	.	.	PROPN
ajeer-229	63	8	companies	company	NOUN
ajeer-229	63	9	into	into	ADP
ajeer-229	63	10	five	five	NUM
ajeer-229	63	11	categories	category	NOUN
ajeer-229	63	12	and	and	CCONJ
ajeer-229	63	13	found	find	VERB
ajeer-229	63	14	that	that	SCONJ
ajeer-229	63	15	neither	neither	CCONJ
ajeer-229	63	16	exporters	exporter	NOUN
ajeer-229	63	17	nor	nor	CCONJ
ajeer-229	63	18	multinational	multinational	ADJ
ajeer-229	63	19	firms	firm	NOUN
ajeer-229	63	20	were	be	AUX
ajeer-229	63	21	the	the	DET
ajeer-229	63	22	most	most	ADV
ajeer-229	63	23	affected	affect	VERB
ajeer-229	63	24	by	by	ADP
ajeer-229	63	25	changes	change	NOUN
ajeer-229	63	26	in	in	ADP
ajeer-229	63	27	exchange	exchange	NOUN
ajeer-229	63	28	rates	rate	NOUN
ajeer-229	63	29	.	.	PUNCT
ajeer-229	64	1	the	the	DET
ajeer-229	64	2	firms	firm	NOUN
ajeer-229	64	3	that	that	PRON
ajeer-229	64	4	suffered	suffer	VERB
ajeer-229	64	5	most	most	ADV
ajeer-229	64	6	from	from	ADP
ajeer-229	64	7	exchange	exchange	NOUN
ajeer-229	64	8	rate	rate	NOUN
ajeer-229	64	9	fluctuations	fluctuation	NOUN
ajeer-229	64	10	were	be	AUX
ajeer-229	64	11	wholly	wholly	ADV
ajeer-229	64	12	domestic	domestic	ADJ
ajeer-229	64	13	u.s	u.s	PROPN
ajeer-229	64	14	.	.	PROPN
ajeer-229	64	15	companies	company	NOUN
ajeer-229	64	16	facing	face	VERB
ajeer-229	64	17	foreign	foreign	ADJ
ajeer-229	64	18	competition	competition	NOUN
ajeer-229	64	19	.	.	PUNCT
ajeer-229	65	1	taiwan‟s	taiwan‟s	ADJ
ajeer-229	65	2	hotel	hotel	NOUN
ajeer-229	65	3	industry	industry	NOUN
ajeer-229	65	4	has	have	VERB
ajeer-229	65	5	the	the	DET
ajeer-229	65	6	same	same	ADJ
ajeer-229	65	7	situation	situation	NOUN
ajeer-229	65	8	.	.	PUNCT
ajeer-229	66	1	based	base	VERB
ajeer-229	66	2	on	on	ADP
ajeer-229	66	3	the	the	DET
ajeer-229	66	4	above	above	ADJ
ajeer-229	66	5	point	point	NOUN
ajeer-229	66	6	of	of	ADP
ajeer-229	66	7	view	view	NOUN
ajeer-229	66	8	,	,	PUNCT
ajeer-229	66	9	we	we	PRON
ajeer-229	66	10	mainly	mainly	ADV
ajeer-229	66	11	discuss	discuss	VERB
ajeer-229	66	12	taiwan‟s	taiwan‟s	ADP
ajeer-229	66	13	hotel	hotel	NOUN
ajeer-229	66	14	industry	industry	NOUN
ajeer-229	66	15	for	for	ADP
ajeer-229	66	16	exposure	exposure	NOUN
ajeer-229	66	17	to	to	ADP
ajeer-229	66	18	foreign	foreign	ADJ
ajeer-229	66	19	exchange	exchange	NOUN
ajeer-229	66	20	fluctuations	fluctuation	NOUN
ajeer-229	66	21	and	and	CCONJ
ajeer-229	66	22	corporate	corporate	ADJ
ajeer-229	66	23	risk	risk	NOUN
ajeer-229	66	24	management	management	NOUN
ajeer-229	66	25	.	.	PUNCT
ajeer-229	67	1	through	through	ADP
ajeer-229	67	2	our	our	PRON
ajeer-229	67	3	study	study	NOUN
ajeer-229	67	4	,	,	PUNCT
ajeer-229	67	5	it	it	PRON
ajeer-229	67	6	suggests	suggest	VERB
ajeer-229	67	7	the	the	DET
ajeer-229	67	8	hedging	hedging	NOUN
ajeer-229	67	9	strategies	strategy	NOUN
ajeer-229	67	10	to	to	ADP
ajeer-229	67	11	the	the	DET
ajeer-229	67	12	decision	decision	NOUN
ajeer-229	67	13	-	-	PUNCT
ajeer-229	67	14	makers	maker	NOUN
ajeer-229	67	15	of	of	ADP
ajeer-229	67	16	firms	firm	NOUN
ajeer-229	67	17	and	and	CCONJ
ajeer-229	67	18	then	then	ADV
ajeer-229	67	19	to	to	PART
ajeer-229	67	20	enhance	enhance	VERB
ajeer-229	67	21	taiwan‟s	taiwan‟s	ADP
ajeer-229	67	22	hotel	hotel	NOUN
ajeer-229	67	23	industry‟s	industry‟s	NOUN
ajeer-229	67	24	risk	risk	NOUN
ajeer-229	67	25	management	management	NOUN
ajeer-229	67	26	.	.	PUNCT
ajeer-229	68	1	the	the	DET
ajeer-229	68	2	structure	structure	NOUN
ajeer-229	68	3	of	of	ADP
ajeer-229	68	4	our	our	PRON
ajeer-229	68	5	study	study	NOUN
ajeer-229	68	6	is	be	AUX
ajeer-229	68	7	:	:	PUNCT
ajeer-229	68	8	methodologies	methodology	NOUN
ajeer-229	68	9	will	will	AUX
ajeer-229	68	10	be	be	AUX
ajeer-229	68	11	discussed	discuss	VERB
ajeer-229	68	12	in	in	ADP
ajeer-229	68	13	section	section	PROPN
ajeer-229	68	14	ii	ii	PROPN
ajeer-229	68	15	;	;	PUNCT
ajeer-229	68	16	data	datum	NOUN
ajeer-229	68	17	collection	collection	NOUN
ajeer-229	68	18	and	and	CCONJ
ajeer-229	68	19	their	their	PRON
ajeer-229	68	20	statistical	statistical	ADJ
ajeer-229	68	21	descriptions	description	NOUN
ajeer-229	68	22	are	be	AUX
ajeer-229	68	23	in	in	ADP
ajeer-229	68	24	the	the	DET
ajeer-229	68	25	section	section	NOUN
ajeer-229	68	26	3	3	NUM
ajeer-229	68	27	.	.	PUNCT
ajeer-229	69	1	the	the	DET
ajeer-229	69	2	empirical	empirical	ADJ
ajeer-229	69	3	results	result	NOUN
ajeer-229	69	4	and	and	CCONJ
ajeer-229	69	5	their	their	PRON
ajeer-229	69	6	analysis	analysis	NOUN
ajeer-229	69	7	are	be	AUX
ajeer-229	69	8	shown	show	VERB
ajeer-229	69	9	in	in	ADP
ajeer-229	69	10	the	the	DET
ajeer-229	69	11	section	section	NOUN
ajeer-229	69	12	4	4	NUM
ajeer-229	69	13	.	.	PUNCT
ajeer-229	70	1	the	the	DET
ajeer-229	70	2	last	last	ADJ
ajeer-229	70	3	section	section	NOUN
ajeer-229	70	4	is	be	AUX
ajeer-229	70	5	our	our	PRON
ajeer-229	70	6	conclusion	conclusion	NOUN
ajeer-229	70	7	.	.	PUNCT
ajeer-229	71	1	2	2	X
ajeer-229	71	2	.	.	NUM
ajeer-229	71	3	methodologies	methodology	NOUN
ajeer-229	71	4	a.	a.	PROPN
ajeer-229	71	5	modern	modern	PROPN
ajeer-229	71	6	portfolio	portfolio	NOUN
ajeer-229	71	7	theory(mpt	theory(mpt	NOUN
ajeer-229	71	8	)	)	PUNCT
ajeer-229	71	9	modern	modern	ADJ
ajeer-229	71	10	portfolio	portfolio	NOUN
ajeer-229	71	11	theory	theory	NOUN
ajeer-229	71	12	is	be	AUX
ajeer-229	71	13	proposed	propose	VERB
ajeer-229	71	14	by	by	ADP
ajeer-229	71	15	markowitz	markowitz	PROPN
ajeer-229	71	16	in	in	ADP
ajeer-229	71	17	1952	1952	NUM
ajeer-229	71	18	.	.	PUNCT
ajeer-229	72	1	in	in	ADP
ajeer-229	72	2	the	the	DET
ajeer-229	72	3	paper	paper	NOUN
ajeer-229	72	4	,	,	PUNCT
ajeer-229	72	5	probability	probability	NOUN
ajeer-229	72	6	theory	theory	NOUN
ajeer-229	72	7	and	and	CCONJ
ajeer-229	72	8	linear	linear	PROPN
ajeer-229	72	9	algebra	algebra	NOUN
ajeer-229	72	10	method	method	NOUN
ajeer-229	72	11	are	be	AUX
ajeer-229	72	12	applied	apply	VERB
ajeer-229	72	13	to	to	PART
ajeer-229	72	14	investigate	investigate	VERB
ajeer-229	72	15	the	the	DET
ajeer-229	72	16	correlation	correlation	NOUN
ajeer-229	72	17	between	between	ADP
ajeer-229	72	18	the	the	DET
ajeer-229	72	19	securities	security	NOUN
ajeer-229	72	20	.	.	PUNCT
ajeer-229	73	1	it	it	PRON
ajeer-229	73	2	put	put	VERB
ajeer-229	73	3	forward	forward	ADV
ajeer-229	73	4	the	the	DET
ajeer-229	73	5	possibility	possibility	NOUN
ajeer-229	73	6	to	to	PART
ajeer-229	73	7	diversify	diversify	VERB
ajeer-229	73	8	the	the	DET
ajeer-229	73	9	main	main	ADJ
ajeer-229	73	10	investment	investment	NOUN
ajeer-229	73	11	risks	risk	NOUN
ajeer-229	73	12	for	for	ADP
ajeer-229	73	13	this	this	DET
ajeer-229	73	14	theory	theory	NOUN
ajeer-229	73	15	is	be	AUX
ajeer-229	73	16	that	that	SCONJ
ajeer-229	73	17	the	the	DET
ajeer-229	73	18	risks	risk	NOUN
ajeer-229	73	19	associated	associate	VERB
ajeer-229	73	20	with	with	ADP
ajeer-229	73	21	some	some	DET
ajeer-229	73	22	other	other	ADJ
ajeer-229	73	23	securities	security	NOUN
ajeer-229	73	24	regardless	regardless	ADV
ajeer-229	73	25	of	of	ADP
ajeer-229	73	26	the	the	DET
ajeer-229	73	27	dispersion	dispersion	NOUN
ajeer-229	73	28	of	of	ADP
ajeer-229	73	29	individual	individual	ADJ
ajeer-229	73	30	investment	investment	NOUN
ajeer-229	73	31	targets	target	NOUN
ajeer-229	73	32	can	can	AUX
ajeer-229	73	33	reduce	reduce	VERB
ajeer-229	73	34	the	the	DET
ajeer-229	73	35	risk	risk	NOUN
ajeer-229	73	36	.	.	PUNCT
ajeer-229	74	1	in	in	ADP
ajeer-229	74	2	this	this	DET
ajeer-229	74	3	way	way	NOUN
ajeer-229	74	4	,	,	PUNCT
ajeer-229	74	5	individual	individual	ADJ
ajeer-229	74	6	company	company	NOUN
ajeer-229	74	7	information	information	NOUN
ajeer-229	74	8	becomes	become	VERB
ajeer-229	74	9	less	less	ADV
ajeer-229	74	10	important	important	ADJ
ajeer-229	74	11	.	.	PUNCT
ajeer-229	75	1	the	the	DET
ajeer-229	75	2	theory	theory	NOUN
ajeer-229	75	3	is	be	AUX
ajeer-229	75	4	mainly	mainly	ADV
ajeer-229	75	5	to	to	PART
ajeer-229	75	6	solve	solve	VERB
ajeer-229	75	7	the	the	DET
ajeer-229	75	8	investor‟s	investor‟s	ADJ
ajeer-229	75	9	risk	risk	NOUN
ajeer-229	75	10	-	-	PUNCT
ajeer-229	75	11	reward	reward	NOUN
ajeer-229	75	12	problem	problem	NOUN
ajeer-229	75	13	and	and	CCONJ
ajeer-229	75	14	to	to	PART
ajeer-229	75	15	form	form	VERB
ajeer-229	75	16	a	a	DET
ajeer-229	75	17	rational	rational	ADJ
ajeer-229	75	18	combination	combination	NOUN
ajeer-229	75	19	of	of	ADP
ajeer-229	75	20	its	its	PRON
ajeer-229	75	21	own	own	ADJ
ajeer-229	75	22	funds	fund	NOUN
ajeer-229	75	23	in	in	ADP
ajeer-229	75	24	order	order	NOUN
ajeer-229	75	25	to	to	PART
ajeer-229	75	26	maximize	maximize	VERB
ajeer-229	75	27	the	the	DET
ajeer-229	75	28	proceeds	proceed	NOUN
ajeer-229	75	29	.	.	PUNCT
ajeer-229	76	1	according	accord	VERB
ajeer-229	76	2	to	to	ADP
ajeer-229	76	3	the	the	DET
ajeer-229	76	4	markowitz‟s	markowitz‟	NOUN
ajeer-229	76	5	framework	framework	NOUN
ajeer-229	76	6	,	,	PUNCT
ajeer-229	76	7	there	there	PRON
ajeer-229	76	8	is	be	VERB
ajeer-229	76	9	a	a	DET
ajeer-229	76	10	certain	certain	ADJ
ajeer-229	76	11	special	special	ADJ
ajeer-229	76	12	relationship	relationship	NOUN
ajeer-229	76	13	between	between	ADP
ajeer-229	76	14	investment	investment	NOUN
ajeer-229	76	15	risk	risk	NOUN
ajeer-229	76	16	and	and	CCONJ
ajeer-229	76	17	return	return	NOUN
ajeer-229	76	18	of	of	ADP
ajeer-229	76	19	a	a	DET
ajeer-229	76	20	portfolio	portfolio	NOUN
ajeer-229	76	21	of	of	ADP
ajeer-229	76	22	financial	financial	ADJ
ajeer-229	76	23	assets	asset	NOUN
ajeer-229	76	24	.	.	PUNCT
ajeer-229	77	1	his	his	PRON
ajeer-229	77	2	assumptions	assumption	NOUN
ajeer-229	77	3	:	:	PUNCT
ajeer-229	77	4	1	1	X
ajeer-229	77	5	.	.	X
ajeer-229	77	6	assume	assume	VERB
ajeer-229	77	7	the	the	DET
ajeer-229	77	8	market	market	NOUN
ajeer-229	77	9	is	be	AUX
ajeer-229	77	10	efficient	efficient	ADJ
ajeer-229	77	11	,	,	PUNCT
ajeer-229	77	12	investors	investor	NOUN
ajeer-229	77	13	can	can	AUX
ajeer-229	77	14	learn	learn	VERB
ajeer-229	77	15	more	more	ADJ
ajeer-229	77	16	of	of	ADP
ajeer-229	77	17	the	the	DET
ajeer-229	77	18	benefits	benefit	NOUN
ajeer-229	77	19	and	and	CCONJ
ajeer-229	77	20	risks	risk	NOUN
ajeer-229	77	21	of	of	ADP
ajeer-229	77	22	financial	financial	ADJ
ajeer-229	77	23	market	market	NOUN
ajeer-229	77	24	changes	change	NOUN
ajeer-229	77	25	and	and	CCONJ
ajeer-229	77	26	their	their	PRON
ajeer-229	77	27	causes	cause	NOUN
ajeer-229	77	28	.	.	PUNCT
ajeer-229	78	1	2	2	X
ajeer-229	78	2	.	.	X
ajeer-229	78	3	suppose	suppose	VERB
ajeer-229	78	4	investors	investor	NOUN
ajeer-229	78	5	are	be	AUX
ajeer-229	78	6	risk	risk	NOUN
ajeer-229	78	7	averse	averse	ADJ
ajeer-229	78	8	and	and	CCONJ
ajeer-229	78	9	are	be	AUX
ajeer-229	78	10	willing	willing	ADJ
ajeer-229	78	11	to	to	PART
ajeer-229	78	12	get	get	VERB
ajeer-229	78	13	a	a	DET
ajeer-229	78	14	higher	high	ADJ
ajeer-229	78	15	rate	rate	NOUN
ajeer-229	78	16	of	of	ADP
ajeer-229	78	17	return	return	NOUN
ajeer-229	78	18	if	if	SCONJ
ajeer-229	78	19	they	they	PRON
ajeer-229	78	20	must	must	AUX
ajeer-229	78	21	bear	bear	VERB
ajeer-229	78	22	a	a	DET
ajeer-229	78	23	greater	great	ADJ
ajeer-229	78	24	risk	risk	NOUN
ajeer-229	78	25	to	to	PART
ajeer-229	78	26	get	get	VERB
ajeer-229	78	27	a	a	DET
ajeer-229	78	28	higher	high	ADJ
ajeer-229	78	29	expected	expect	VERB
ajeer-229	78	30	return	return	NOUN
ajeer-229	78	31	as	as	ADP
ajeer-229	78	32	compensation	compensation	NOUN
ajeer-229	78	33	.	.	PUNCT
ajeer-229	79	1	risk	risk	NOUN
ajeer-229	79	2	is	be	AUX
ajeer-229	79	3	the	the	DET
ajeer-229	79	4	variability	variability	NOUN
ajeer-229	79	5	of	of	ADP
ajeer-229	79	6	yields	yield	NOUN
ajeer-229	79	7	as	as	SCONJ
ajeer-229	79	8	measured	measure	VERB
ajeer-229	79	9	by	by	ADP
ajeer-229	79	10	standard	standard	ADJ
ajeer-229	79	11	deviation	deviation	NOUN
ajeer-229	79	12	.	.	PUNCT
ajeer-229	80	1	3	3	X
ajeer-229	80	2	.	.	X
ajeer-229	80	3	investors‟	investors‟	NUM
ajeer-229	80	4	choices	choice	NOUN
ajeer-229	80	5	are	be	AUX
ajeer-229	80	6	based	base	VERB
ajeer-229	80	7	on	on	ADP
ajeer-229	80	8	the	the	DET
ajeer-229	80	9	expected	expect	VERB
ajeer-229	80	10	returns	return	NOUN
ajeer-229	80	11	and	and	CCONJ
ajeer-229	80	12	standard	standard	ADJ
ajeer-229	80	13	deviations	deviation	NOUN
ajeer-229	80	14	of	of	ADP
ajeer-229	80	15	selected	select	VERB
ajeer-229	80	16	financial	financial	ADJ
ajeer-229	80	17	assets	asset	NOUN
ajeer-229	80	18	portfolio	portfolio	NOUN
ajeer-229	80	19	.	.	PUNCT
ajeer-229	81	1	they	they	PRON
ajeer-229	81	2	select	select	VERB
ajeer-229	81	3	portfolios	portfolio	NOUN
ajeer-229	81	4	with	with	ADP
ajeer-229	81	5	higher	high	ADJ
ajeer-229	81	6	yields	yield	NOUN
ajeer-229	81	7	or	or	CCONJ
ajeer-229	81	8	lower	low	ADJ
ajeer-229	81	9	risk	risk	NOUN
ajeer-229	81	10	.	.	PUNCT
ajeer-229	82	1	4	4	X
ajeer-229	82	2	.	.	X
ajeer-229	82	3	the	the	DET
ajeer-229	82	4	incomes	income	NOUN
ajeer-229	82	5	between	between	ADP
ajeer-229	82	6	various	various	ADJ
ajeer-229	82	7	financial	financial	ADJ
ajeer-229	82	8	assets	asset	NOUN
ajeer-229	82	9	are	be	AUX
ajeer-229	82	10	correlated	correlate	VERB
ajeer-229	82	11	with	with	ADP
ajeer-229	82	12	the	the	DET
ajeer-229	82	13	correlation	correlation	NOUN
ajeer-229	82	14	coefficient	coefficient	NOUN
ajeer-229	82	15	between	between	ADP
ajeer-229	82	16	each	each	DET
ajeer-229	82	17	financial	financial	ADJ
ajeer-229	82	18	asset	asset	NOUN
ajeer-229	82	19	,	,	PUNCT
ajeer-229	82	20	it	it	PRON
ajeer-229	82	21	is	be	AUX
ajeer-229	82	22	possible	possible	ADJ
ajeer-229	82	23	to	to	PART
ajeer-229	82	24	choose	choose	VERB
ajeer-229	82	25	the	the	DET
ajeer-229	82	26	lowest	low	ADJ
ajeer-229	82	27	risk	risk	NOUN
ajeer-229	82	28	of	of	ADP
ajeer-229	82	29	the	the	DET
ajeer-229	82	30	portfolio	portfolio	NOUN
ajeer-229	82	31	.	.	PUNCT
ajeer-229	83	1	and	and	CCONJ
ajeer-229	83	2	an	an	DET
ajeer-229	83	3	efficient	efficient	ADJ
ajeer-229	83	4	portfolio	portfolio	NOUN
ajeer-229	83	5	,	,	PUNCT
ajeer-229	83	6	it	it	PRON
ajeer-229	83	7	should	should	AUX
ajeer-229	83	8	be	be	AUX
ajeer-229	83	9	subject	subject	ADJ
ajeer-229	83	10	to	to	ADP
ajeer-229	83	11	the	the	DET
ajeer-229	83	12	following	following	ADJ
ajeer-229	83	13	conditions	condition	NOUN
ajeer-229	83	14	:	:	PUNCT
ajeer-229	83	15	under	under	ADP
ajeer-229	83	16	certain	certain	ADJ
ajeer-229	83	17	risk	risk	NOUN
ajeer-229	83	18	(	(	PUNCT
ajeer-229	83	19	standard	standard	ADJ
ajeer-229	83	20	deviation	deviation	NOUN
ajeer-229	83	21	)	)	PUNCT
ajeer-229	83	22	,	,	PUNCT
ajeer-229	83	23	this	this	DET
ajeer-229	83	24	combination	combination	NOUN
ajeer-229	83	25	of	of	ADP
ajeer-229	83	26	securities	security	NOUN
ajeer-229	83	27	has	have	VERB
ajeer-229	83	28	the	the	DET
ajeer-229	83	29	highest	high	ADJ
ajeer-229	83	30	average	average	ADJ
ajeer-229	83	31	reward	reward	NOUN
ajeer-229	83	32	;	;	PUNCT
ajeer-229	83	33	and	and	CCONJ
ajeer-229	83	34	in	in	ADP
ajeer-229	83	35	certain	certain	ADJ
ajeer-229	83	36	average	average	ADJ
ajeer-229	83	37	reward	reward	NOUN
ajeer-229	83	38	,	,	PUNCT
ajeer-229	83	39	it	it	PRON
ajeer-229	83	40	has	have	VERB
ajeer-229	83	41	the	the	DET
ajeer-229	83	42	lowest	low	ADJ
ajeer-229	83	43	degree	degree	NOUN
ajeer-229	83	44	of	of	ADP
ajeer-229	83	45	risk	risk	NOUN
ajeer-229	83	46	(	(	PUNCT
ajeer-229	83	47	standard	standard	ADJ
ajeer-229	83	48	deviation	deviation	NOUN
ajeer-229	83	49	)	)	PUNCT
ajeer-229	83	50	.	.	PUNCT
ajeer-229	84	1	therefore	therefore	ADV
ajeer-229	84	2	,	,	PUNCT
ajeer-229	84	3	the	the	DET
ajeer-229	84	4	portfolio	portfolio	NOUN
ajeer-229	84	5	should	should	AUX
ajeer-229	84	6	be	be	AUX
ajeer-229	84	7	on	on	ADP
ajeer-229	84	8	the	the	DET
ajeer-229	84	9	curve	curve	NOUN
ajeer-229	84	10	of	of	ADP
ajeer-229	84	11	efficient	efficient	ADJ
ajeer-229	84	12	frontier	frontier	NOUN
ajeer-229	84	13	.	.	PUNCT
ajeer-229	85	1	according	accord	VERB
ajeer-229	85	2	to	to	ADP
ajeer-229	85	3	huang	huang	PROPN
ajeer-229	85	4	and	and	CCONJ
ajeer-229	85	5	litzenberger	litzenberger	NOUN
ajeer-229	85	6	(	(	PUNCT
ajeer-229	85	7	1988	1988	NUM
ajeer-229	85	8	)	)	PUNCT
ajeer-229	85	9	;	;	PUNCT
ajeer-229	85	10	elton	elton	PROPN
ajeer-229	85	11	et	et	PROPN
ajeer-229	85	12	al	al	PROPN
ajeer-229	85	13	.	.	PROPN
ajeer-229	86	1	(	(	PUNCT
ajeer-229	86	2	2007	2007	NUM
ajeer-229	86	3	)	)	PUNCT
ajeer-229	86	4	suppose	suppose	VERB
ajeer-229	86	5	an	an	DET
ajeer-229	86	6	economy	economy	NOUN
ajeer-229	86	7	which	which	PRON
ajeer-229	86	8	there	there	PRON
ajeer-229	86	9	are	be	VERB
ajeer-229	86	10	n	n	PRON
ajeer-229	86	11	risky	risky	ADJ
ajeer-229	86	12	assets	asset	NOUN
ajeer-229	86	13	with	with	ADP
ajeer-229	86	14	its	its	PRON
ajeer-229	86	15	return	return	NOUN
ajeer-229	86	16	and	and	CCONJ
ajeer-229	86	17	standard	standard	ADJ
ajeer-229	86	18	deviation	deviation	NOUN
ajeer-229	86	19	ir	ir	NOUN
ajeer-229	86	20	and	and	CCONJ
ajeer-229	86	21	i	i	PROPN
ajeer-229	86	22	,	,	PUNCT
ajeer-229	86	23	ni	ni	PROPN
ajeer-229	86	24	,	,	PUNCT
ajeer-229	86	25	,	,	PUNCT
ajeer-229	86	26	,	,	PUNCT
ajeer-229	86	27	21	21	PROPN
ajeer-229	86	28	,	,	PUNCT
ajeer-229	86	29	respectively	respectively	ADV
ajeer-229	86	30	.	.	PUNCT
ajeer-229	87	1	moreover	moreover	ADV
ajeer-229	87	2	,	,	PUNCT
ajeer-229	87	3	the	the	DET
ajeer-229	87	4	covariance	covariance	NOUN
ajeer-229	87	5	between	between	ADP
ajeer-229	87	6	any	any	DET
ajeer-229	87	7	two	two	NUM
ajeer-229	87	8	assets	asset	NOUN
ajeer-229	87	9	is	be	AUX
ajeer-229	87	10			PROPN
ajeer-229	87	11	jiji	jiji	PROPN
ajeer-229	87	12	rrcov	rrcov	VERB
ajeer-229	87	13	,	,	PUNCT
ajeer-229	87	14	,	,	PROPN
ajeer-229	87	15	，	，	PUNCT
ajeer-229	87	16	nji	nji	PROPN
ajeer-229	87	17	,	,	PUNCT
ajeer-229	87	18	,	,	PUNCT
ajeer-229	87	19	,	,	PUNCT
ajeer-229	87	20	21	21	INTJ
ajeer-229	87	21	.	.	PUNCT
ajeer-229	88	1	if	if	SCONJ
ajeer-229	88	2	we	we	PRON
ajeer-229	88	3	denote	denote	VERB
ajeer-229	88	4	the	the	DET
ajeer-229	88	5	portfolio	portfolio	NOUN
ajeer-229	88	6	weight	weight	NOUN
ajeer-229	88	7	on	on	ADP
ajeer-229	88	8	each	each	DET
ajeer-229	88	9	assets	asset	NOUN
ajeer-229	88	10	in	in	ADP
ajeer-229	88	11	the	the	DET
ajeer-229	88	12	portfolio	portfolio	NOUN
ajeer-229	88	13	to	to	PART
ajeer-229	88	14	be	be	AUX
ajeer-229	88	15	iw	iw	PROPN
ajeer-229	88	16	,	,	PUNCT
ajeer-229	88	17	ni	ni	PROPN
ajeer-229	88	18	,	,	PUNCT
ajeer-229	88	19	,	,	PUNCT
ajeer-229	88	20	,	,	PUNCT
ajeer-229	88	21	21	21	PROPN
ajeer-229	88	22	,	,	PUNCT
ajeer-229	88	23	then	then	ADV
ajeer-229	88	24	the	the	DET
ajeer-229	88	25	expected	expect	VERB
ajeer-229	88	26	return	return	NOUN
ajeer-229	88	27	of	of	ADP
ajeer-229	88	28	the	the	DET
ajeer-229	88	29	portfolio	portfolio	NOUN
ajeer-229	88	30	is	be	AUX
ajeer-229	88	31	rwp	rwp	VERB
ajeer-229	88	32			PROPN
ajeer-229	88	33	,	,	PUNCT
ajeer-229	88	34	where	where	SCONJ
ajeer-229	88	35	asian	asian	ADJ
ajeer-229	88	36	journal	journal	NOUN
ajeer-229	88	37	of	of	ADP
ajeer-229	88	38	economics	economic	NOUN
ajeer-229	88	39	and	and	CCONJ
ajeer-229	88	40	empirical	empirical	ADJ
ajeer-229	88	41	research	research	NOUN
ajeer-229	88	42	,	,	PUNCT
ajeer-229	88	43	2017	2017	NUM
ajeer-229	88	44	,	,	PUNCT
ajeer-229	88	45	4(1	4(1	NOUN
ajeer-229	88	46	):	):	PUNCT
ajeer-229	88	47	32	32	NUM
ajeer-229	88	48	-	-	SYM
ajeer-229	88	49	48	48	NUM
ajeer-229	88	50	35	35	NUM
ajeer-229	88	51			NOUN
ajeer-229	88	52			NOUN
ajeer-229	88	53	nrrrr	nrrrr	NOUN
ajeer-229	88	54	,	,	PUNCT
ajeer-229	88	55	,	,	PUNCT
ajeer-229	88	56	,	,	PUNCT
ajeer-229	88	57	21	21	NUM
ajeer-229	88	58	and	and	CCONJ
ajeer-229	88	59			PROPN
ajeer-229	89	1			PROPN
ajeer-229	89	2	nwwww	nwwww	PROPN
ajeer-229	89	3	,	,	PUNCT
ajeer-229	89	4	,	,	PUNCT
ajeer-229	89	5	,	,	PUNCT
ajeer-229	89	6	21	21	X
ajeer-229	89	7	。	。	PROPN
ajeer-229	89	8	and	and	CCONJ
ajeer-229	89	9	the	the	DET
ajeer-229	89	10	variance	variance	NOUN
ajeer-229	89	11	of	of	ADP
ajeer-229	89	12	the	the	DET
ajeer-229	89	13	portfolio	portfolio	NOUN
ajeer-229	89	14	is	be	AUX
ajeer-229	89	15	wwp	wwp	PROPN
ajeer-229	89	16	2	2	X
ajeer-229	89	17	,	,	PUNCT
ajeer-229	89	18	where	where	SCONJ
ajeer-229	89	19			NOUN
ajeer-229	89	20			SYM
ajeer-229	89	21			NOUN
ajeer-229	89	22			PROPN
ajeer-229	89	23	nnjirvar	nnjirvar	NOUN
ajeer-229	89	24			NOUN
ajeer-229	89	25			NOUN
ajeer-229	89	26	,	,	PUNCT
ajeer-229	89	27			PROPN
ajeer-229	89	28	is	be	AUX
ajeer-229	89	29	the	the	DET
ajeer-229	89	30	variance	variance	NOUN
ajeer-229	89	31	-	-	PUNCT
ajeer-229	89	32	covariance	covariance	NOUN
ajeer-229	89	33	matrix	matrix	NOUN
ajeer-229	89	34	.	.	PUNCT
ajeer-229	90	1	hence	hence	ADV
ajeer-229	90	2	,	,	PUNCT
ajeer-229	90	3	in	in	ADP
ajeer-229	90	4	the	the	DET
ajeer-229	90	5	framework	framework	NOUN
ajeer-229	90	6	of	of	ADP
ajeer-229	90	7	markowitz	markowitz	PROPN
ajeer-229	90	8	(	(	PUNCT
ajeer-229	90	9	1952	1952	NUM
ajeer-229	90	10	)	)	PUNCT
ajeer-229	90	11	and	and	CCONJ
ajeer-229	90	12	kim	kim	PROPN
ajeer-229	90	13	(	(	PUNCT
ajeer-229	90	14	2013	2013	NUM
ajeer-229	90	15	)	)	PUNCT
ajeer-229	90	16	we	we	PRON
ajeer-229	90	17	have	have	VERB
ajeer-229	90	18	to	to	PART
ajeer-229	90	19	minimize	minimize	VERB
ajeer-229	90	20	the	the	DET
ajeer-229	90	21	degree	degree	NOUN
ajeer-229	90	22	of	of	ADP
ajeer-229	90	23	risk	risk	NOUN
ajeer-229	90	24	of	of	ADP
ajeer-229	90	25	the	the	DET
ajeer-229	90	26	portfolio	portfolio	NOUN
ajeer-229	90	27	under	under	ADP
ajeer-229	90	28	a	a	DET
ajeer-229	90	29	pre	pre	ADJ
ajeer-229	90	30	-	-	ADJ
ajeer-229	90	31	specified	specified	ADJ
ajeer-229	90	32	return	return	NOUN
ajeer-229	90	33	,	,	PUNCT
ajeer-229	90	34	0	0	NUM
ajeer-229	90	35	,	,	PUNCT
ajeer-229	90	36	and	and	CCONJ
ajeer-229	90	37	budget	budget	NOUN
ajeer-229	90	38	constrain	constrain	NOUN
ajeer-229	90	39	.	.	PUNCT
ajeer-229	91	1	namely	namely	ADV
ajeer-229	91	2	,	,	PUNCT
ajeer-229	91	3	wwp	wwp	PROPN
ajeer-229	91	4	wi	wi	PROPN
ajeer-229	91	5			PROPN
ajeer-229	91	6	2	2	NUM
ajeer-229	91	7	1	1	NUM
ajeer-229	91	8	2	2	NUM
ajeer-229	91	9	2	2	NUM
ajeer-229	91	10	min	min	NOUN
ajeer-229	91	11			X
ajeer-229	91	12	(	(	PUNCT
ajeer-229	91	13	1	1	NUM
ajeer-229	91	14	)	)	PUNCT
ajeer-229	91	15			NUM
ajeer-229	91	16			NUM
ajeer-229	91	17			NUM
ajeer-229	91	18			NOUN
ajeer-229	91	19			NOUN
ajeer-229	91	20			ADV
ajeer-229	91	21			ADJ
ajeer-229	91	22			PROPN
ajeer-229	91	23			CCONJ
ajeer-229	91	24			ADV
ajeer-229	91	25			X
ajeer-229	92	1			NUM
ajeer-229	92	2	niw	niw	PROPN
ajeer-229	92	3	wwj	wwj	ADV
ajeer-229	92	4	rw	rw	NOUN
ajeer-229	92	5	ts	ts	ADP
ajeer-229	92	6	i	i	PRON
ajeer-229	93	1	n	n	VERB
ajeer-229	93	2	i	i	PRON
ajeer-229	93	3	in	in	ADP
ajeer-229	93	4	p	p	PROPN
ajeer-229	93	5	,	,	PUNCT
ajeer-229	93	6	,	,	PUNCT
ajeer-229	93	7	,	,	PUNCT
ajeer-229	93	8	,	,	PUNCT
ajeer-229	93	9	2110	2110	PROPN
ajeer-229	93	10	1	1	NUM
ajeer-229	93	11	..	..	SYM
ajeer-229	93	12	1	1	NUM
ajeer-229	93	13	0	0	X
ajeer-229	93	14	(	(	PUNCT
ajeer-229	93	15	2	2	NUM
ajeer-229	93	16	)	)	PUNCT
ajeer-229	93	17	where	where	SCONJ
ajeer-229	93	18	,	,	PUNCT
ajeer-229	93	19			PROPN
ajeer-229	93	20			PROPN
ajeer-229	93	21	n	n	PRON
ajeer-229	93	22	nj	nj	PROPN
ajeer-229	93	23			VERB
ajeer-229	94	1			ADV
ajeer-229	94	2			NUM
ajeer-229	94	3	111	111	NUM
ajeer-229	94	4	,	,	PUNCT
ajeer-229	94	5	,	,	PUNCT
ajeer-229	94	6	,	,	PUNCT
ajeer-229	94	7			NOUN
ajeer-229	94	8	.	.	PUNCT
ajeer-229	95	1	using	use	VERB
ajeer-229	95	2	the	the	DET
ajeer-229	95	3	lagrange	lagrange	NOUN
ajeer-229	95	4	multipliers	multiplier	NOUN
ajeer-229	95	5	method	method	NOUN
ajeer-229	95	6	,	,	PUNCT
ajeer-229	95	7	the	the	DET
ajeer-229	95	8	above	above	ADJ
ajeer-229	95	9	problem	problem	NOUN
ajeer-229	95	10	can	can	AUX
ajeer-229	95	11	be	be	AUX
ajeer-229	95	12	transformed	transform	VERB
ajeer-229	95	13	as	as	SCONJ
ajeer-229	95	14	follows	follow	VERB
ajeer-229	95	15	:	:	PUNCT
ajeer-229	95	16			NOUN
ajeer-229	96	1			PROPN
ajeer-229	96	2			NOUN
ajeer-229	96	3			PUNCT
ajeer-229	96	4			PROPN
ajeer-229	96	5			NOUN
ajeer-229	96	6			ADJ
ajeer-229	96	7			PROPN
ajeer-229	96	8			NOUN
ajeer-229	96	9			PROPN
ajeer-229	96	10			ADJ
ajeer-229	96	11			PROPN
ajeer-229	96	12	wjrwwww	wjrwwww	VERB
ajeer-229	96	13	n	n	PROPN
ajeer-229	96	14	wi	wi	PROPN
ajeer-229	96	15	1	1	NUM
ajeer-229	96	16	2	2	NUM
ajeer-229	96	17	1	1	NUM
ajeer-229	96	18	20121min	20121min	NUM
ajeer-229	96	19	21	21	NUM
ajeer-229	96	20			ADP
ajeer-229	96	21			NOUN
ajeer-229	96	22	,	,	PUNCT
ajeer-229	96	23	,	,	PUNCT
ajeer-229	96	24	,	,	PUNCT
ajeer-229	96	25	,	,	PUNCT
ajeer-229	96	26			X
ajeer-229	96	27	.	.	PUNCT
ajeer-229	97	1	(	(	PUNCT
ajeer-229	97	2	3	3	X
ajeer-229	97	3	)	)	PUNCT
ajeer-229	97	4	hence	hence	ADV
ajeer-229	97	5	,	,	PUNCT
ajeer-229	97	6	the	the	DET
ajeer-229	97	7	f.o.c.is	f.o.c.is	PROPN
ajeer-229	97	8			NUM
ajeer-229	97	9			NUM
ajeer-229	97	10			NUM
ajeer-229	97	11			PROPN
ajeer-229	97	12			NUM
ajeer-229	97	13			NUM
ajeer-229	97	14			NUM
ajeer-229	97	15			NUM
ajeer-229	97	16			NOUN
ajeer-229	97	17			ADP
ajeer-229	97	18			NOUN
ajeer-229	97	19			ADJ
ajeer-229	97	20			PROPN
ajeer-229	97	21			NOUN
ajeer-229	98	1			PROPN
ajeer-229	98	2			PROPN
ajeer-229	98	3			ADJ
ajeer-229	98	4			ADJ
ajeer-229	98	5			PROPN
ajeer-229	98	6			ADP
ajeer-229	98	7			NOUN
ajeer-229	98	8			ADJ
ajeer-229	98	9			PROPN
ajeer-229	98	10			NOUN
ajeer-229	98	11			PROPN
ajeer-229	98	12			PROPN
ajeer-229	98	13			ADJ
ajeer-229	98	14			PROPN
ajeer-229	98	15			PROPN
ajeer-229	98	16			PROPN
ajeer-229	98	17			PROPN
ajeer-229	98	18			PROPN
ajeer-229	98	19	01	01	NUM
ajeer-229	98	20	0	0	NUM
ajeer-229	98	21	0	0	NUM
ajeer-229	98	22	2	2	NUM
ajeer-229	98	23	0	0	NUM
ajeer-229	98	24	1	1	NUM
ajeer-229	98	25	21	21	NUM
ajeer-229	98	26	pn	pn	NOUN
ajeer-229	98	27	p	p	NOUN
ajeer-229	98	28	np	np	INTJ
ajeer-229	98	29	wj	wj	PROPN
ajeer-229	98	30	rw	rw	PROPN
ajeer-229	98	31	jrw	jrw	PROPN
ajeer-229	98	32	w	w	PROPN
ajeer-229	98	33			ADJ
ajeer-229	98	34			NOUN
ajeer-229	98	35			ADJ
ajeer-229	98	36			NOUN
ajeer-229	98	37			ADJ
ajeer-229	98	38			ADJ
ajeer-229	98	39			ADJ
ajeer-229	98	40			PROPN
ajeer-229	98	41	np	np	CCONJ
ajeer-229	98	42	jrw	jrw	PROPN
ajeer-229	98	43			PROPN
ajeer-229	98	44			NUM
ajeer-229	98	45	1	1	NUM
ajeer-229	98	46	2	2	NUM
ajeer-229	98	47	1	1	NUM
ajeer-229	98	48	1	1	NUM
ajeer-229	98	49	*	*	PUNCT
ajeer-229	98	50			NOUN
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ajeer-229	99	2	4	4	NUM
ajeer-229	99	3	)	)	PUNCT
ajeer-229	99	4	and	and	CCONJ
ajeer-229	99	5	then	then	ADV
ajeer-229	99	6	we	we	PRON
ajeer-229	99	7	have	have	VERB
ajeer-229	99	8	,	,	PUNCT
ajeer-229	99	9			PROPN
ajeer-229	99	10			NUM
ajeer-229	99	11			NUM
ajeer-229	99	12			ADV
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ajeer-229	101	1			CCONJ
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ajeer-229	101	8			SYM
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ajeer-229	101	11	2	2	NUM
ajeer-229	101	12	1	1	NUM
ajeer-229	101	13	1	1	NUM
ajeer-229	101	14	0	0	NUM
ajeer-229	101	15	1	1	NUM
ajeer-229	101	16	2	2	NUM
ajeer-229	101	17	1	1	NUM
ajeer-229	101	18	1	1	NUM
ajeer-229	101	19	nnn	nnn	NOUN
ajeer-229	101	20	n	n	CCONJ
ajeer-229	101	21	jjrj	jjrj	VERB
ajeer-229	101	22	rjrr	rjrr	NOUN
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ajeer-229	101	24			PROPN
ajeer-229	101	25			ADJ
ajeer-229	101	26			NUM
ajeer-229	101	27			NUM
ajeer-229	101	28			NUM
ajeer-229	101	29			NOUN
ajeer-229	102	1			NOUN
ajeer-229	102	2			ADP
ajeer-229	102	3			ADJ
ajeer-229	102	4			PROPN
ajeer-229	102	5			NOUN
ajeer-229	102	6			NUM
ajeer-229	102	7			NOUN
ajeer-229	102	8			NOUN
ajeer-229	102	9			NOUN
ajeer-229	102	10			NUM
ajeer-229	102	11	02	02	NUM
ajeer-229	102	12	0	0	NUM
ajeer-229	102	13	2	2	NUM
ajeer-229	102	14	02	02	NUM
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ajeer-229	102	16	1	1	NUM
ajeer-229	102	17			NOUN
ajeer-229	102	18			NOUN
ajeer-229	102	19			ADJ
ajeer-229	102	20			NOUN
ajeer-229	102	21			NOUN
ajeer-229	102	22			X
ajeer-229	102	23	d	d	PROPN
ajeer-229	102	24	b	b	PROPN
ajeer-229	102	25	d	d	X
ajeer-229	102	26	a	a	DET
ajeer-229	102	27	bac	bac	NOUN
ajeer-229	103	1	ba	ba	PROPN
ajeer-229	103	2	d	d	PROPN
ajeer-229	103	3	b	b	PROPN
ajeer-229	103	4	d	d	PROPN
ajeer-229	103	5	c	c	PROPN
ajeer-229	103	6	bac	bac	PROPN
ajeer-229	103	7	bc	bc	PROPN
ajeer-229	103	8	,	,	PUNCT
ajeer-229	103	9	where	where	SCONJ
ajeer-229	103	10	,	,	PUNCT
ajeer-229	103	11	rra	rra	NOUN
ajeer-229	103	12			PROPN
ajeer-229	103	13	1	1	NOUN
ajeer-229	103	14	,	,	PUNCT
ajeer-229	103	15	nn	nn	X
ajeer-229	103	16	jrrjb	jrrjb	PROPN
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ajeer-229	103	18			ADJ
ajeer-229	103	19			PROPN
ajeer-229	103	20			SYM
ajeer-229	103	21	11	11	NUM
ajeer-229	103	22	,	,	PUNCT
ajeer-229	103	23	nn	nn	PROPN
ajeer-229	103	24	jjc	jjc	PROPN
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ajeer-229	103	26			PROPN
ajeer-229	103	27			PROPN
ajeer-229	103	28	1	1	NOUN
ajeer-229	103	29	,	,	PUNCT
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ajeer-229	103	31	2bacd	2bacd	NUM
ajeer-229	103	32			NOUN
ajeer-229	103	33	.	.	PUNCT
ajeer-229	104	1	such	such	ADJ
ajeer-229	104	2	that	that	SCONJ
ajeer-229	104	3	,	,	PUNCT
ajeer-229	104	4	the	the	DET
ajeer-229	104	5	optimal	optimal	ADJ
ajeer-229	104	6	wealth	wealth	NOUN
ajeer-229	104	7	allocation	allocation	NOUN
ajeer-229	104	8	portfolio	portfolio	NOUN
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ajeer-229	104	10	np	np	INTJ
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ajeer-229	104	12			PROPN
ajeer-229	104	13			NUM
ajeer-229	105	1	1	1	NUM
ajeer-229	105	2	2	2	NUM
ajeer-229	105	3	1	1	NUM
ajeer-229	105	4	1	1	NUM
ajeer-229	105	5	*	*	PUNCT
ajeer-229	105	6			NOUN
ajeer-229	105	7	nj	nj	PROPN
ajeer-229	106	1	d	d	X
ajeer-229	106	2	b	b	X
ajeer-229	106	3	d	d	NOUN
ajeer-229	106	4	a	a	DET
ajeer-229	106	5	r	r	NOUN
ajeer-229	106	6	d	d	PROPN
ajeer-229	106	7	b	b	PROPN
ajeer-229	106	8	d	d	X
ajeer-229	106	9	c	c	PROPN
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ajeer-229	106	11			PROPN
ajeer-229	106	12			PROPN
ajeer-229	106	13			PROPN
ajeer-229	106	14			PROPN
ajeer-229	106	15			NOUN
ajeer-229	106	16			NOUN
ajeer-229	106	17			NOUN
ajeer-229	106	18			PRON
ajeer-229	106	19			PROPN
ajeer-229	106	20			PROPN
ajeer-229	106	21			NOUN
ajeer-229	106	22			NOUN
ajeer-229	106	23			ADP
ajeer-229	107	1	1	1	NUM
ajeer-229	107	2	0	0	NUM
ajeer-229	107	3	1	1	NUM
ajeer-229	107	4	0	0	NUM
ajeer-229	107	5			PROPN
ajeer-229	107	6	.	.	PUNCT
ajeer-229	108	1	(	(	PUNCT
ajeer-229	108	2	5	5	X
ajeer-229	108	3	)	)	PUNCT
ajeer-229	108	4	the	the	DET
ajeer-229	108	5	properties	property	NOUN
ajeer-229	108	6	of	of	ADP
ajeer-229	108	7	this	this	DET
ajeer-229	108	8	portfolio	portfolio	NOUN
ajeer-229	108	9	are	be	AUX
ajeer-229	108	10	1	1	NUM
ajeer-229	108	11	.	.	PUNCT
ajeer-229	109	1	rj	rj	PROPN
ajeer-229	109	2	d	d	PROPN
ajeer-229	109	3	b	b	PROPN
ajeer-229	109	4	d	d	X
ajeer-229	109	5	a	a	DET
ajeer-229	109	6	rr	rr	PROPN
ajeer-229	109	7	d	d	X
ajeer-229	109	8	b	b	PROPN
ajeer-229	109	9	d	d	X
ajeer-229	109	10	c	c	PROPN
ajeer-229	109	11	rw	rw	PROPN
ajeer-229	109	12	npp	npp	PROPN
ajeer-229	109	13			PROPN
ajeer-229	109	14			ADJ
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ajeer-229	109	16			NUM
ajeer-229	109	17			PRON
ajeer-229	109	18			PROPN
ajeer-229	109	19			PROPN
ajeer-229	109	20			NOUN
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ajeer-229	109	22			NOUN
ajeer-229	109	23			PROPN
ajeer-229	109	24			PROPN
ajeer-229	109	25			PROPN
ajeer-229	109	26			NOUN
ajeer-229	109	27			NOUN
ajeer-229	109	28			CCONJ
ajeer-229	109	29			NUM
ajeer-229	109	30			INTJ
ajeer-229	109	31	1	1	NUM
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ajeer-229	109	33	1	1	NUM
ajeer-229	109	34	0	0	NUM
ajeer-229	109	35	*	*	PUNCT
ajeer-229	110	1			NUM
ajeer-229	111	1	.000	.000	NUM
ajeer-229	111	2	2	2	NUM
ajeer-229	111	3	00	00	NUM
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ajeer-229	112	5			NOUN
ajeer-229	112	6			PRON
ajeer-229	112	7			PROPN
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ajeer-229	112	10			ADP
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ajeer-229	113	7	b	b	PROPN
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ajeer-229	114	5	b	b	PROPN
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ajeer-229	115	9			VERB
ajeer-229	115	10			ADJ
ajeer-229	115	11			PROPN
ajeer-229	115	12			PROPN
ajeer-229	115	13			X
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ajeer-229	115	15			VERB
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ajeer-229	116	15			PROPN
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ajeer-229	116	17			X
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ajeer-229	116	19			VERB
ajeer-229	116	20			PROPN
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ajeer-229	116	22			NOUN
ajeer-229	116	23			PRON
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ajeer-229	116	29			PRON
ajeer-229	116	30			PROPN
ajeer-229	116	31			PROPN
ajeer-229	116	32			NOUN
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ajeer-229	116	34			PUNCT
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ajeer-229	117	20	a	a	PRON
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ajeer-229	118	1	d	d	X
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ajeer-229	118	6			ADJ
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ajeer-229	118	13			VERB
ajeer-229	118	14			NOUN
ajeer-229	118	15			PROPN
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ajeer-229	118	25	2	2	NUM
ajeer-229	118	26	0	0	NUM
ajeer-229	118	27			ADP
ajeer-229	118	28	njr	njr	PROPN
ajeer-229	119	1	d	d	X
ajeer-229	119	2	b	b	PROPN
ajeer-229	119	3	d	d	NOUN
ajeer-229	119	4	a	a	PROPN
ajeer-229	119	5	d	d	X
ajeer-229	119	6	b	b	PROPN
ajeer-229	119	7	d	d	X
ajeer-229	119	8	c	c	X
ajeer-229	119	9			PROPN
ajeer-229	119	10			VERB
ajeer-229	119	11			PRON
ajeer-229	119	12			PROPN
ajeer-229	119	13			PROPN
ajeer-229	119	14			NOUN
ajeer-229	119	15			NOUN
ajeer-229	119	16			NOUN
ajeer-229	119	17			PRON
ajeer-229	119	18			PROPN
ajeer-229	119	19			PROPN
ajeer-229	119	20			NOUN
ajeer-229	119	21			X
ajeer-229	119	22	1	1	ADJ
ajeer-229	119	23	002	002	NUM
ajeer-229	120	1			ADP
ajeer-229	120	2			PROPN
ajeer-229	120	3			NOUN
ajeer-229	120	4			PROPN
ajeer-229	120	5			PROPN
ajeer-229	120	6			PROPN
ajeer-229	120	7			NOUN
ajeer-229	120	8			PRON
ajeer-229	120	9			NOUN
ajeer-229	120	10			PRON
ajeer-229	120	11			PROPN
ajeer-229	121	1			PROPN
ajeer-229	121	2			NOUN
ajeer-229	121	3			PROPN
ajeer-229	121	4			VERB
ajeer-229	121	5			PRON
ajeer-229	121	6			PROPN
ajeer-229	121	7			PROPN
ajeer-229	121	8			NOUN
ajeer-229	121	9			PUNCT
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ajeer-229	122	2			PRON
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ajeer-229	122	5			NOUN
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ajeer-229	122	8	2	2	NUM
ajeer-229	122	9	0	0	NUM
ajeer-229	122	10	2	2	NUM
ajeer-229	122	11	0	0	NUM
ajeer-229	122	12	2	2	NUM
ajeer-229	123	1			NOUN
ajeer-229	123	2	d	d	PROPN
ajeer-229	123	3	b	b	PROPN
ajeer-229	123	4	d	d	NOUN
ajeer-229	123	5	a	a	PROPN
ajeer-229	123	6	d	d	X
ajeer-229	123	7	b	b	PROPN
ajeer-229	124	1	d	d	PROPN
ajeer-229	124	2	c	c	PROPN
ajeer-229	124	3	b	b	PROPN
ajeer-229	124	4	d	d	PROPN
ajeer-229	124	5	b	b	PROPN
ajeer-229	124	6	d	d	NOUN
ajeer-229	124	7	a	a	PROPN
ajeer-229	124	8	c	c	NOUN
ajeer-229	124	9	d	d	PROPN
ajeer-229	124	10	b	b	PROPN
ajeer-229	124	11	d	d	X
ajeer-229	124	12	c	c	PROPN
ajeer-229	124	13	a	a	DET
ajeer-229	124	14			NOUN
ajeer-229	124	15			PROPN
ajeer-229	124	16	cc	cc	NOUN
ajeer-229	124	17	b	b	PROPN
ajeer-229	125	1	d	d	X
ajeer-229	125	2	c	c	PROPN
ajeer-229	125	3	abc	abc	PROPN
ajeer-229	125	4	d	d	PROPN
ajeer-229	125	5	1	1	NUM
ajeer-229	125	6	2	2	NUM
ajeer-229	125	7	1	1	NUM
ajeer-229	125	8	2	2	NUM
ajeer-229	125	9	00	00	NUM
ajeer-229	125	10	2	2	NUM
ajeer-229	125	11	0	0	NUM
ajeer-229	125	12			ADP
ajeer-229	125	13			NOUN
ajeer-229	125	14			PRON
ajeer-229	125	15			PROPN
ajeer-229	125	16			PROPN
ajeer-229	125	17			NOUN
ajeer-229	125	18			NOUN
ajeer-229	125	19			CCONJ
ajeer-229	125	20	(	(	PUNCT
ajeer-229	125	21	6	6	NUM
ajeer-229	125	22	)	)	PUNCT
ajeer-229	125	23	such	such	ADJ
ajeer-229	125	24	that	that	PRON
ajeer-229	125	25	,	,	PUNCT
ajeer-229	125	26	c	c	PROPN
ajeer-229	125	27	p	p	X
ajeer-229	125	28	12	12	NUM
ajeer-229	125	29			NOUN
ajeer-229	125	30	and	and	CCONJ
ajeer-229	125	31	the	the	DET
ajeer-229	125	32	equality	equality	NOUN
ajeer-229	125	33	holds	hold	VERB
ajeer-229	125	34	when	when	SCONJ
ajeer-229	125	35	c	c	PROPN
ajeer-229	125	36	b	b	PROPN
ajeer-229	125	37	0	0	PROPN
ajeer-229	125	38	.	.	PUNCT
ajeer-229	126	1	asian	asian	ADJ
ajeer-229	126	2	journal	journal	PROPN
ajeer-229	126	3	of	of	ADP
ajeer-229	126	4	economics	economic	NOUN
ajeer-229	126	5	and	and	CCONJ
ajeer-229	126	6	empirical	empirical	ADJ
ajeer-229	126	7	research	research	NOUN
ajeer-229	126	8	,	,	PUNCT
ajeer-229	126	9	2017	2017	NUM
ajeer-229	126	10	,	,	PUNCT
ajeer-229	126	11	4(1	4(1	NOUN
ajeer-229	126	12	):	):	PUNCT
ajeer-229	126	13	32	32	NUM
ajeer-229	126	14	-	-	SYM
ajeer-229	126	15	48	48	NUM
ajeer-229	126	16	36	36	NUM
ajeer-229	126	17	next	next	ADV
ajeer-229	126	18	,	,	PUNCT
ajeer-229	126	19	considering	consider	VERB
ajeer-229	126	20	a	a	DET
ajeer-229	126	21	riskless	riskless	NOUN
ajeer-229	126	22	asset	asset	NOUN
ajeer-229	126	23	can	can	AUX
ajeer-229	126	24	be	be	AUX
ajeer-229	126	25	invested	invest	VERB
ajeer-229	126	26	,	,	PUNCT
ajeer-229	126	27	and	and	CCONJ
ajeer-229	126	28	then	then	ADV
ajeer-229	126	29	the	the	DET
ajeer-229	126	30	pre	pre	ADJ
ajeer-229	126	31	-	-	ADJ
ajeer-229	126	32	described	describe	VERB
ajeer-229	126	33	model	model	NOUN
ajeer-229	126	34	will	will	AUX
ajeer-229	126	35	be	be	AUX
ajeer-229	126	36	rewritten	rewrite	VERB
ajeer-229	126	37	as	as	SCONJ
ajeer-229	126	38	follows	follow	VERB
ajeer-229	126	39	:	:	PUNCT
ajeer-229	126	40	wwp	wwp	PROPN
ajeer-229	126	41	wi	wi	PROPN
ajeer-229	126	42			PROPN
ajeer-229	126	43	2	2	NUM
ajeer-229	126	44	1	1	NUM
ajeer-229	126	45	2	2	NUM
ajeer-229	126	46	2	2	NUM
ajeer-229	126	47	min	min	NOUN
ajeer-229	126	48			X
ajeer-229	126	49	(	(	PUNCT
ajeer-229	126	50	7	7	NUM
ajeer-229	126	51	)	)	PUNCT
ajeer-229	126	52			NOUN
ajeer-229	126	53			PROPN
ajeer-229	126	54	01	01	NUM
ajeer-229	126	55	..	..	PUNCT
ajeer-229	127	1			PROPN
ajeer-229	127	2			PROPN
ajeer-229	127	3	rwrjwts	rwrjwts	PROPN
ajeer-229	127	4	fnp	fnp	PROPN
ajeer-229	127	5	,	,	PUNCT
ajeer-229	127	6	(	(	PUNCT
ajeer-229	127	7	8)	8)	NUM
ajeer-229	127	8	where	where	SCONJ
ajeer-229	127	9	,	,	PUNCT
ajeer-229	127	10	fr	fr	PROPN
ajeer-229	127	11	is	be	AUX
ajeer-229	127	12	the	the	DET
ajeer-229	127	13	return	return	NOUN
ajeer-229	127	14	of	of	ADP
ajeer-229	127	15	the	the	DET
ajeer-229	127	16	riskless	riskless	NOUN
ajeer-229	127	17	assets	asset	NOUN
ajeer-229	127	18	.	.	PUNCT
ajeer-229	128	1	again	again	ADV
ajeer-229	128	2	,	,	PUNCT
ajeer-229	128	3	by	by	ADP
ajeer-229	128	4	using	use	VERB
ajeer-229	128	5	the	the	DET
ajeer-229	128	6	lagrange	lagrange	NOUN
ajeer-229	128	7	multipliers	multiplier	NOUN
ajeer-229	128	8	method	method	NOUN
ajeer-229	128	9	,	,	PUNCT
ajeer-229	128	10	we	we	PRON
ajeer-229	128	11	have	have	VERB
ajeer-229	128	12	to	to	PART
ajeer-229	128	13	solve	solve	VERB
ajeer-229	128	14	the	the	DET
ajeer-229	128	15	following	following	ADJ
ajeer-229	128	16	problem	problem	NOUN
ajeer-229	128	17	:	:	PUNCT
ajeer-229	128	18			NOUN
ajeer-229	128	19			SYM
ajeer-229	128	20			NOUN
ajeer-229	128	21			SYM
ajeer-229	128	22	fn	fn	VERB
ajeer-229	128	23	w	w	PROPN
ajeer-229	128	24	rjwrwwww	rjwrwwww	PROPN
ajeer-229	129	1	i	i	PRON
ajeer-229	129	2			X
ajeer-229	130	1	1	1	NUM
ajeer-229	130	2	2	2	NUM
ajeer-229	130	3	1	1	NUM
ajeer-229	130	4	021min	021min	NOUN
ajeer-229	130	5			ADP
ajeer-229	130	6			X
ajeer-229	130	7	,	,	PUNCT
ajeer-229	130	8	,	,	PUNCT
ajeer-229	130	9	,	,	PUNCT
ajeer-229	130	10			X
ajeer-229	130	11	.	.	PUNCT
ajeer-229	131	1	(	(	PUNCT
ajeer-229	131	2	9	9	NUM
ajeer-229	131	3	)	)	PUNCT
ajeer-229	131	4	thus	thus	ADV
ajeer-229	131	5	,	,	PUNCT
ajeer-229	131	6	the	the	DET
ajeer-229	131	7	f.o.c	f.o.c	NOUN
ajeer-229	131	8	.	.	PUNCT
ajeer-229	131	9	is	be	AUX
ajeer-229	131	10			PROPN
ajeer-229	131	11			PUNCT
ajeer-229	131	12			NOUN
ajeer-229	131	13			NOUN
ajeer-229	131	14			NUM
ajeer-229	131	15			ADV
ajeer-229	131	16			NUM
ajeer-229	131	17			NOUN
ajeer-229	132	1	01	01	NUM
ajeer-229	132	2	0	0	NUM
ajeer-229	132	3	0	0	NUM
ajeer-229	132	4	fn	fn	NOUN
ajeer-229	132	5	fnw	fnw	PROPN
ajeer-229	132	6	rjwrw	rjwrw	NOUN
ajeer-229	132	7	rjrw	rjrw	NOUN
ajeer-229	132	8			NOUN
ajeer-229	132	9			ADJ
ajeer-229	132	10			ADJ
ajeer-229	132	11			ADJ
ajeer-229	132	12			PROPN
ajeer-229	132	13			NOUN
ajeer-229	132	14			PUNCT
ajeer-229	132	15	h	h	NOUN
ajeer-229	132	16	r	r	NOUN
ajeer-229	132	17	jrrw	jrrw	NOUN
ajeer-229	132	18	f	f	PROPN
ajeer-229	132	19	nfp	nfp	INTJ
ajeer-229	132	20			PROPN
ajeer-229	132	21			PRON
ajeer-229	132	22			VERB
ajeer-229	132	23	01	01	NUM
ajeer-229	132	24	*	*	NOUN
ajeer-229	132	25			NOUN
ajeer-229	132	26	,	,	PUNCT
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ajeer-229	132	28	10	10	NUM
ajeer-229	132	29	)	)	PUNCT
ajeer-229	132	30	where	where	SCONJ
ajeer-229	132	31	,	,	PUNCT
ajeer-229	132	32			NOUN
ajeer-229	132	33			SYM
ajeer-229	132	34			NOUN
ajeer-229	132	35			NUM
ajeer-229	132	36	21	21	NUM
ajeer-229	132	37	2	2	NUM
ajeer-229	132	38	ffnfnf	ffnfnf	NOUN
ajeer-229	132	39	rcrbajrrjrrh	rcrbajrrjrrh	NOUN
ajeer-229	132	40			ADJ
ajeer-229	132	41			CCONJ
ajeer-229	132	42			PROPN
ajeer-229	132	43			PROPN
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ajeer-229	133	1	(	(	PUNCT
ajeer-229	133	2	11	11	NUM
ajeer-229	133	3	)	)	PUNCT
ajeer-229	133	4	the	the	DET
ajeer-229	133	5	properties	property	NOUN
ajeer-229	133	6	of	of	ADP
ajeer-229	133	7	this	this	DET
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ajeer-229	133	9	are	be	AUX
ajeer-229	133	10	:	:	PUNCT
ajeer-229	133	11	1	1	X
ajeer-229	133	12	.	.	X
ajeer-229	133	13	fnppp	fnppp	NOUN
ajeer-229	133	14	rjwrw	rjwrw	NOUN
ajeer-229	133	15			ADP
ajeer-229	133	16			VERB
ajeer-229	133	17			ADJ
ajeer-229	133	18			PROPN
ajeer-229	133	19			NOUN
ajeer-229	133	20			PROPN
ajeer-229	134	1			ADJ
ajeer-229	134	2			ADJ
ajeer-229	135	1			CCONJ
ajeer-229	135	2			NUM
ajeer-229	135	3	1*	1*	NUM
ajeer-229	135	4			NOUN
ajeer-229	135	5			PROPN
ajeer-229	135	6	fnp	fnp	PROPN
ajeer-229	135	7	f	f	PROPN
ajeer-229	135	8	nf	nf	PROPN
ajeer-229	135	9	rjwr	rjwr	ADV
ajeer-229	135	10	h	h	PROPN
ajeer-229	135	11	r	r	NOUN
ajeer-229	135	12	jrr	jrr	PROPN
ajeer-229	135	13			NOUN
ajeer-229	135	14			VERB
ajeer-229	135	15			ADJ
ajeer-229	135	16			PROPN
ajeer-229	135	17			NOUN
ajeer-229	135	18			PROPN
ajeer-229	135	19			ADJ
ajeer-229	135	20			ADJ
ajeer-229	135	21			NOUN
ajeer-229	135	22			VERB
ajeer-229	135	23			ADJ
ajeer-229	135	24			ADJ
ajeer-229	135	25			PROPN
ajeer-229	135	26	1	1	NUM
ajeer-229	135	27	01	01	NUM
ajeer-229	135	28			NOUN
ajeer-229	135	29			NOUN
ajeer-229	136	1			PUNCT
ajeer-229	136	2			NOUN
ajeer-229	136	3			SYM
ajeer-229	136	4			NOUN
ajeer-229	136	5			SYM
ajeer-229	136	6			NOUN
ajeer-229	136	7			PROPN
ajeer-229	136	8	nnf	nnf	NOUN
ajeer-229	136	9	ff	ff	NOUN
ajeer-229	136	10	nfnf	nfnf	NOUN
ajeer-229	136	11	f	f	PROPN
ajeer-229	136	12	jjrr	jjrr	PROPN
ajeer-229	136	13	h	h	PROPN
ajeer-229	137	1	rr	rr	PROPN
ajeer-229	138	1	jrrjrr	jrrjrr	PROPN
ajeer-229	138	2	h	h	NOUN
ajeer-229	139	1	r	r	NOUN
ajeer-229	139	2			PROPN
ajeer-229	139	3			PROPN
ajeer-229	139	4			PROPN
ajeer-229	139	5			NOUN
ajeer-229	139	6			PROPN
ajeer-229	139	7			PROPN
ajeer-229	139	8			PROPN
ajeer-229	139	9			VERB
ajeer-229	139	10			PRON
ajeer-229	139	11			NUM
ajeer-229	139	12	1010	1010	NUM
ajeer-229	139	13			PROPN
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ajeer-229	139	15	rjw	rjw	PROPN
ajeer-229	139	16			NOUN
ajeer-229	139	17			PROPN
ajeer-229	139	18			PRON
ajeer-229	139	19			PROPN
ajeer-229	139	20			PROPN
ajeer-229	139	21			NOUN
ajeer-229	139	22			PROPN
ajeer-229	140	1			ADJ
ajeer-229	140	2			PROPN
ajeer-229	140	3	*	*	SYM
ajeer-229	140	4	1	1	NUM
ajeer-229	140	5	.	.	PUNCT
ajeer-229	141	1	(	(	PUNCT
ajeer-229	141	2	12	12	NUM
ajeer-229	141	3	)	)	PUNCT
ajeer-229	141	4	2	2	NUM
ajeer-229	141	5	.	.	X
ajeer-229	142	1	*	*	PUNCT
ajeer-229	142	2	*	*	PUNCT
ajeer-229	142	3	2	2	NUM
ajeer-229	142	4	ppp	ppp	NOUN
ajeer-229	142	5	ww	ww	PROPN
ajeer-229	142	6			PROPN
ajeer-229	142	7			ADJ
ajeer-229	142	8			PROPN
ajeer-229	142	9			NOUN
ajeer-229	142	10			SYM
ajeer-229	142	11			NOUN
ajeer-229	142	12			PUNCT
ajeer-229	142	13			PROPN
ajeer-229	142	14			PROPN
ajeer-229	142	15			PRON
ajeer-229	142	16			NOUN
ajeer-229	142	17			VERB
ajeer-229	142	18			PROPN
ajeer-229	142	19			PROPN
ajeer-229	142	20			VERB
ajeer-229	142	21			PROPN
ajeer-229	142	22			PRON
ajeer-229	142	23			NOUN
ajeer-229	142	24			VERB
ajeer-229	142	25			PROPN
ajeer-229	142	26			NOUN
ajeer-229	142	27			VERB
ajeer-229	142	28			ADJ
ajeer-229	142	29			NOUN
ajeer-229	142	30			ADJ
ajeer-229	142	31	h	h	NOUN
ajeer-229	142	32	r	r	NOUN
ajeer-229	142	33	jrr	jrr	PROPN
ajeer-229	142	34	h	h	NOUN
ajeer-229	142	35	r	r	PROPN
ajeer-229	142	36	jrr	jrr	PROPN
ajeer-229	142	37	f	f	PROPN
ajeer-229	142	38	nf	nf	PROPN
ajeer-229	142	39	f	f	PROPN
ajeer-229	142	40	nf	nf	INTJ
ajeer-229	142	41	0101	0101	NUM
ajeer-229	142	42			ADP
ajeer-229	142	43			NOUN
ajeer-229	143	1			SYM
ajeer-229	143	2			NOUN
ajeer-229	143	3			PROPN
ajeer-229	143	4	nfnf	nfnf	NOUN
ajeer-229	143	5	f	f	PROPN
ajeer-229	143	6	jrrjrr	jrrjrr	NOUN
ajeer-229	143	7	h	h	NOUN
ajeer-229	143	8	r	r	NOUN
ajeer-229	143	9			PROPN
ajeer-229	143	10			PROPN
ajeer-229	143	11			NOUN
ajeer-229	143	12			PROPN
ajeer-229	143	13			NOUN
ajeer-229	143	14			PROPN
ajeer-229	143	15			PROPN
ajeer-229	143	16			PROPN
ajeer-229	143	17			PROPN
ajeer-229	143	18			NOUN
ajeer-229	143	19			PROPN
ajeer-229	143	20			PROPN
ajeer-229	143	21	1	1	ADJ
ajeer-229	143	22	2	2	NUM
ajeer-229	143	23	0	0	NUM
ajeer-229	143	24			NOUN
ajeer-229	143	25			NOUN
ajeer-229	143	26			NOUN
ajeer-229	143	27			PROPN
ajeer-229	143	28			NOUN
ajeer-229	143	29			ADJ
ajeer-229	143	30			NOUN
ajeer-229	143	31			VERB
ajeer-229	143	32			NOUN
ajeer-229	144	1			PROPN
ajeer-229	144	2			PROPN
ajeer-229	144	3			PROPN
ajeer-229	145	1			PROPN
ajeer-229	145	2			NOUN
ajeer-229	145	3			PROPN
ajeer-229	145	4			PROPN
ajeer-229	145	5			NOUN
ajeer-229	145	6	nnfnf	nnfnf	NOUN
ajeer-229	145	7	f	f	PROPN
ajeer-229	145	8	jjrjrrrr	jjrjrrrr	NOUN
ajeer-229	145	9	h	h	NOUN
ajeer-229	145	10	r	r	NOUN
ajeer-229	145	11	121	121	NUM
ajeer-229	145	12	2	2	NUM
ajeer-229	145	13	0	0	NUM
ajeer-229	145	14	2	2	NUM
ajeer-229	145	15			NOUN
ajeer-229	145	16			NOUN
ajeer-229	145	17			NUM
ajeer-229	146	1	h	h	NOUN
ajeer-229	147	1	r	r	NOUN
ajeer-229	147	2	f	f	PROPN
ajeer-229	147	3	2	2	NUM
ajeer-229	147	4	0	0	NUM
ajeer-229	147	5			NOUN
ajeer-229	147	6			NOUN
ajeer-229	147	7			NOUN
ajeer-229	147	8	(	(	PUNCT
ajeer-229	147	9	13	13	NUM
ajeer-229	147	10	)	)	PUNCT
ajeer-229	147	11	hence	hence	ADV
ajeer-229	147	12	,	,	PUNCT
ajeer-229	147	13	h	h	NOUN
ajeer-229	147	14	r	r	NOUN
ajeer-229	147	15	f	f	PROPN
ajeer-229	148	1	p	p	X
ajeer-229	148	2			PROPN
ajeer-229	148	3			PROPN
ajeer-229	148	4	0	0	X
ajeer-229	148	5			PROPN
ajeer-229	148	6	,	,	PUNCT
ajeer-229	148	7	that	that	ADV
ajeer-229	148	8	is	is	ADV
ajeer-229	148	9	,	,	PUNCT
ajeer-229	148	10	pf	pf	PROPN
ajeer-229	148	11	hr	hr	PROPN
ajeer-229	148	12			PROPN
ajeer-229	148	13			PROPN
ajeer-229	148	14	0	0	SYM
ajeer-229	148	15	(	(	PUNCT
ajeer-229	148	16	14	14	NUM
ajeer-229	148	17	)	)	PUNCT
ajeer-229	148	18	b.	b.	PROPN
ajeer-229	148	19	autoregression	autoregression	PROPN
ajeer-229	148	20	integrated	integrate	VERB
ajeer-229	148	21	moving	move	VERB
ajeer-229	148	22	average	average	ADJ
ajeer-229	148	23	models	model	NOUN
ajeer-229	148	24	,	,	PUNCT
ajeer-229	148	25			PROPN
ajeer-229	148	26	qdparima	qdparima	PROPN
ajeer-229	148	27	,	,	PUNCT
ajeer-229	148	28	,	,	PUNCT
ajeer-229	148	29	in	in	ADP
ajeer-229	148	30	witt	witt	PROPN
ajeer-229	148	31	and	and	CCONJ
ajeer-229	148	32	witt	witt	ADJ
ajeer-229	148	33	(	(	PUNCT
ajeer-229	148	34	1992;1995	1992;1995	NUM
ajeer-229	148	35	)	)	PUNCT
ajeer-229	148	36	they	they	PRON
ajeer-229	148	37	use	use	VERB
ajeer-229	148	38	many	many	ADJ
ajeer-229	148	39	econometric	econometric	ADJ
ajeer-229	148	40	models	model	NOUN
ajeer-229	148	41	to	to	PART
ajeer-229	148	42	investigate	investigate	VERB
ajeer-229	148	43	the	the	DET
ajeer-229	148	44	topics	topic	NOUN
ajeer-229	148	45	of	of	ADP
ajeer-229	148	46	tourism	tourism	NOUN
ajeer-229	148	47	industries	industry	NOUN
ajeer-229	148	48	.	.	PUNCT
ajeer-229	149	1	empirically	empirically	ADV
ajeer-229	149	2	,	,	PUNCT
ajeer-229	149	3	they	they	PRON
ajeer-229	149	4	suggested	suggest	VERB
ajeer-229	149	5	that	that	SCONJ
ajeer-229	149	6	the	the	DET
ajeer-229	149	7	autoregression	autoregression	NOUN
ajeer-229	149	8	and	and	CCONJ
ajeer-229	149	9	moving	move	VERB
ajeer-229	149	10	average	average	ADJ
ajeer-229	149	11	models	model	NOUN
ajeer-229	149	12	can	can	AUX
ajeer-229	149	13	be	be	AUX
ajeer-229	149	14	implemented	implement	VERB
ajeer-229	149	15	to	to	PART
ajeer-229	149	16	forecast	forecast	VERB
ajeer-229	149	17	the	the	DET
ajeer-229	149	18	performance	performance	NOUN
ajeer-229	149	19	of	of	ADP
ajeer-229	149	20	tourism	tourism	NOUN
ajeer-229	149	21	industries	industry	NOUN
ajeer-229	149	22	.	.	PUNCT
ajeer-229	150	1	here	here	ADV
ajeer-229	150	2	,	,	PUNCT
ajeer-229	150	3	we	we	PRON
ajeer-229	150	4	want	want	VERB
ajeer-229	150	5	to	to	PART
ajeer-229	150	6	investigate	investigate	VERB
ajeer-229	150	7	the	the	DET
ajeer-229	150	8	effects	effect	NOUN
ajeer-229	150	9	of	of	ADP
ajeer-229	150	10	the	the	DET
ajeer-229	150	11	fluctuations	fluctuation	NOUN
ajeer-229	150	12	of	of	ADP
ajeer-229	150	13	foreign	foreign	ADJ
ajeer-229	150	14	exchange	exchange	NOUN
ajeer-229	150	15	on	on	ADP
ajeer-229	150	16	the	the	DET
ajeer-229	150	17	performance	performance	NOUN
ajeer-229	150	18	of	of	ADP
ajeer-229	150	19	hotel	hotel	NOUN
ajeer-229	150	20	industry	industry	NOUN
ajeer-229	150	21	.	.	PUNCT
ajeer-229	151	1	according	accord	VERB
ajeer-229	151	2	to	to	ADP
ajeer-229	151	3	bodie	bodie	PROPN
ajeer-229	151	4	et	et	PROPN
ajeer-229	151	5	al	al	PROPN
ajeer-229	151	6	.	.	PROPN
ajeer-229	152	1	(	(	PUNCT
ajeer-229	152	2	2002	2002	NUM
ajeer-229	152	3	)	)	PUNCT
ajeer-229	152	4	we	we	PRON
ajeer-229	152	5	can	can	AUX
ajeer-229	152	6	use	use	VERB
ajeer-229	152	7	the	the	DET
ajeer-229	152	8	roa	roa	NOUN
ajeer-229	152	9	or	or	CCONJ
ajeer-229	152	10	roe	roe	PROPN
ajeer-229	152	11	,	,	PUNCT
ajeer-229	152	12	reported	report	VERB
ajeer-229	152	13	in	in	ADP
ajeer-229	152	14	the	the	DET
ajeer-229	152	15	annual	annual	ADJ
ajeer-229	152	16	financial	financial	ADJ
ajeer-229	152	17	statements	statement	NOUN
ajeer-229	152	18	,	,	PUNCT
ajeer-229	152	19	to	to	PART
ajeer-229	152	20	be	be	AUX
ajeer-229	152	21	the	the	DET
ajeer-229	152	22	measures	measure	NOUN
ajeer-229	152	23	of	of	ADP
ajeer-229	152	24	the	the	DET
ajeer-229	152	25	corporate‟s	corporate‟s	ADJ
ajeer-229	152	26	performance	performance	NOUN
ajeer-229	152	27	.	.	PUNCT
ajeer-229	153	1	there	there	PRON
ajeer-229	153	2	are	be	VERB
ajeer-229	153	3	at	at	ADV
ajeer-229	153	4	least	least	ADJ
ajeer-229	153	5	two	two	NUM
ajeer-229	153	6	reasons	reason	NOUN
ajeer-229	153	7	for	for	ADP
ajeer-229	153	8	applying	apply	VERB
ajeer-229	153	9	roa	roa	PROPN
ajeer-229	153	10	/	/	SYM
ajeer-229	153	11	roe	roe	NOUN
ajeer-229	153	12	to	to	PART
ajeer-229	153	13	proxy	proxy	VERB
ajeer-229	153	14	the	the	DET
ajeer-229	153	15	firm‟s	firm‟s	NOUN
ajeer-229	153	16	performance	performance	NOUN
ajeer-229	153	17	.	.	PUNCT
ajeer-229	154	1	first	first	ADV
ajeer-229	154	2	,	,	PUNCT
ajeer-229	154	3	since	since	SCONJ
ajeer-229	154	4	roa	roa	PROPN
ajeer-229	154	5	is	be	AUX
ajeer-229	154	6	the	the	DET
ajeer-229	154	7	return	return	NOUN
ajeer-229	154	8	of	of	ADP
ajeer-229	154	9	corporate‟s	corporate‟s	ADJ
ajeer-229	154	10	total	total	ADJ
ajeer-229	154	11	assets	asset	NOUN
ajeer-229	154	12	,	,	PUNCT
ajeer-229	154	13	which	which	PRON
ajeer-229	154	14	is	be	AUX
ajeer-229	154	15	defined	define	VERB
ajeer-229	154	16	by	by	ADP
ajeer-229	154	17	the	the	DET
ajeer-229	154	18	product	product	NOUN
ajeer-229	154	19	of	of	ADP
ajeer-229	154	20	profit	profit	NOUN
ajeer-229	154	21	margin	margin	NOUN
ajeer-229	154	22	and	and	CCONJ
ajeer-229	154	23	total	total	ADJ
ajeer-229	154	24	asset	asset	NOUN
ajeer-229	154	25	turnover	turnover	NOUN
ajeer-229	154	26	,	,	PUNCT
ajeer-229	154	27	so	so	SCONJ
ajeer-229	154	28	it	it	PRON
ajeer-229	154	29	tells	tell	VERB
ajeer-229	154	30	us	we	PRON
ajeer-229	154	31	how	how	SCONJ
ajeer-229	154	32	effectively	effectively	ADV
ajeer-229	154	33	a	a	DET
ajeer-229	154	34	firm	firm	NOUN
ajeer-229	154	35	uses	use	VERB
ajeer-229	154	36	its	its	PRON
ajeer-229	154	37	assets	asset	NOUN
ajeer-229	154	38	to	to	PART
ajeer-229	154	39	generate	generate	VERB
ajeer-229	154	40	profits	profit	NOUN
ajeer-229	154	41	.	.	PUNCT
ajeer-229	155	1	therefore	therefore	ADV
ajeer-229	155	2	,	,	PUNCT
ajeer-229	155	3	a	a	DET
ajeer-229	155	4	well	well	ADV
ajeer-229	155	5	-	-	PUNCT
ajeer-229	155	6	performed	perform	VERB
ajeer-229	155	7	firm	firm	NOUN
ajeer-229	155	8	will	will	AUX
ajeer-229	155	9	have	have	VERB
ajeer-229	155	10	a	a	DET
ajeer-229	155	11	higher	high	ADJ
ajeer-229	155	12	roa	roa	NOUN
ajeer-229	155	13	.	.	PUNCT
ajeer-229	156	1	second	second	ADJ
ajeer-229	156	2	,	,	PUNCT
ajeer-229	156	3	the	the	DET
ajeer-229	156	4	definition	definition	NOUN
ajeer-229	156	5	of	of	ADP
ajeer-229	156	6	roe	roe	PROPN
ajeer-229	156	7	is	be	AUX
ajeer-229	156	8	the	the	DET
ajeer-229	156	9	net	net	ADJ
ajeer-229	156	10	profit	profit	NOUN
ajeer-229	156	11	over	over	ADP
ajeer-229	156	12	the	the	DET
ajeer-229	156	13	average	average	ADJ
ajeer-229	156	14	equity	equity	NOUN
ajeer-229	156	15	,	,	PUNCT
ajeer-229	156	16	so	so	SCONJ
ajeer-229	156	17	that	that	SCONJ
ajeer-229	156	18	by	by	ADP
ajeer-229	156	19	the	the	DET
ajeer-229	156	20	dupont	dupont	NOUN
ajeer-229	156	21	equation	equation	NOUN
ajeer-229	156	22	,	,	PUNCT
ajeer-229	156	23	we	we	PRON
ajeer-229	156	24	have	have	VERB
ajeer-229	156	25	ratioequity	ratioequity	NOUN
ajeer-229	156	26	asset	asset	NOUN
ajeer-229	156	27	turnoverasset	turnoverasset	NOUN
ajeer-229	156	28	marginprofit	marginprofit	PROPN
ajeer-229	156	29	net	net	ADJ
ajeer-229	156	30	roe	roe	NOUN
ajeer-229	156	31	.	.	PUNCT
ajeer-229	157	1	(	(	PUNCT
ajeer-229	157	2	15	15	NUM
ajeer-229	157	3	)	)	PUNCT
ajeer-229	157	4	hence	hence	ADV
ajeer-229	157	5	,	,	PUNCT
ajeer-229	157	6	it	it	PRON
ajeer-229	157	7	tells	tell	VERB
ajeer-229	157	8	us	we	PRON
ajeer-229	157	9	how	how	SCONJ
ajeer-229	157	10	efficiently	efficiently	ADV
ajeer-229	157	11	a	a	DET
ajeer-229	157	12	company	company	NOUN
ajeer-229	157	13	is	be	AUX
ajeer-229	157	14	operated	operate	VERB
ajeer-229	157	15	.	.	PUNCT
ajeer-229	158	1	it	it	PRON
ajeer-229	158	2	also	also	ADV
ajeer-229	158	3	provides	provide	VERB
ajeer-229	158	4	insights	insight	NOUN
ajeer-229	158	5	into	into	ADP
ajeer-229	158	6	the	the	DET
ajeer-229	158	7	firm‟s	firm‟s	NOUN
ajeer-229	158	8	use	use	NOUN
ajeer-229	158	9	of	of	ADP
ajeer-229	158	10	assets	asset	NOUN
ajeer-229	158	11	via	via	ADP
ajeer-229	158	12	turnover	turnover	NOUN
ajeer-229	158	13	.	.	PUNCT
ajeer-229	159	1	that	that	PRON
ajeer-229	159	2	is	is	ADV
ajeer-229	159	3	,	,	PUNCT
ajeer-229	159	4	a	a	DET
ajeer-229	159	5	well	well	ADV
ajeer-229	159	6	-	-	PUNCT
ajeer-229	159	7	performed	perform	VERB
ajeer-229	159	8	firm	firm	NOUN
ajeer-229	159	9	also	also	ADV
ajeer-229	159	10	has	have	VERB
ajeer-229	159	11	a	a	DET
ajeer-229	159	12	higher	high	ADJ
ajeer-229	159	13	roe	roe	NOUN
ajeer-229	159	14	.	.	PUNCT
ajeer-229	160	1	as	as	ADP
ajeer-229	160	2	a	a	DET
ajeer-229	160	3	result	result	NOUN
ajeer-229	160	4	,	,	PUNCT
ajeer-229	160	5	in	in	ADP
ajeer-229	160	6	our	our	PRON
ajeer-229	160	7	study	study	NOUN
ajeer-229	160	8	,	,	PUNCT
ajeer-229	160	9	we	we	PRON
ajeer-229	160	10	will	will	AUX
ajeer-229	160	11	apply	apply	VERB
ajeer-229	160	12	these	these	DET
ajeer-229	160	13	two	two	NUM
ajeer-229	160	14	measures	measure	NOUN
ajeer-229	160	15	to	to	PART
ajeer-229	160	16	be	be	AUX
ajeer-229	160	17	the	the	DET
ajeer-229	160	18	proxies	proxy	NOUN
ajeer-229	160	19	of	of	ADP
ajeer-229	160	20	the	the	DET
ajeer-229	160	21	firm‟s	firm‟s	NOUN
ajeer-229	160	22	performance	performance	NOUN
ajeer-229	160	23	and	and	CCONJ
ajeer-229	160	24	investigate	investigate	VERB
ajeer-229	160	25	the	the	DET
ajeer-229	160	26	magnitude	magnitude	NOUN
ajeer-229	160	27	of	of	ADP
ajeer-229	160	28	the	the	DET
ajeer-229	160	29	effects	effect	NOUN
ajeer-229	160	30	of	of	ADP
ajeer-229	160	31	foreign	foreign	ADJ
ajeer-229	160	32	exchange	exchange	NOUN
ajeer-229	160	33	rate‟s	rate‟s	NOUN
ajeer-229	160	34	fluctuations	fluctuation	NOUN
ajeer-229	160	35	.	.	PUNCT
ajeer-229	161	1	first	first	ADV
ajeer-229	161	2	,	,	PUNCT
ajeer-229	161	3	dumas	dumas	PROPN
ajeer-229	161	4	(	(	PUNCT
ajeer-229	161	5	1978	1978	NUM
ajeer-229	161	6	)	)	PUNCT
ajeer-229	161	7	;	;	PUNCT
ajeer-229	161	8	adler	adler	PROPN
ajeer-229	161	9	and	and	CCONJ
ajeer-229	161	10	bernard	bernard	PROPN
ajeer-229	161	11	(	(	PUNCT
ajeer-229	161	12	1980	1980	NUM
ajeer-229	161	13	)	)	PUNCT
ajeer-229	161	14	and	and	CCONJ
ajeer-229	161	15	hodder	hodder	PROPN
ajeer-229	161	16	(	(	PUNCT
ajeer-229	161	17	1982	1982	NUM
ajeer-229	161	18	)	)	PUNCT
ajeer-229	161	19	implement	implement	VERB
ajeer-229	161	20	the	the	DET
ajeer-229	161	21	change	change	NOUN
ajeer-229	161	22	of	of	ADP
ajeer-229	161	23	foreign	foreign	ADJ
ajeer-229	161	24	exchange	exchange	NOUN
ajeer-229	161	25	rates	rate	NOUN
ajeer-229	161	26	into	into	ADP
ajeer-229	161	27	the	the	DET
ajeer-229	161	28	regression	regression	NOUN
ajeer-229	161	29	models	model	NOUN
ajeer-229	161	30	to	to	PART
ajeer-229	161	31	study	study	VERB
ajeer-229	161	32	the	the	DET
ajeer-229	161	33	u.s	u.s	PROPN
ajeer-229	161	34	.	.	PROPN
ajeer-229	161	35	multinational	multinational	ADJ
ajeer-229	161	36	firm‟s	firm‟s	NOUN
ajeer-229	161	37	values	value	NOUN
ajeer-229	161	38	.	.	PUNCT
ajeer-229	162	1	and	and	CCONJ
ajeer-229	162	2	jorion	jorion	NOUN
ajeer-229	162	3	(	(	PUNCT
ajeer-229	162	4	1990	1990	NUM
ajeer-229	162	5	)	)	PUNCT
ajeer-229	162	6	followed	follow	VERB
ajeer-229	162	7	their	their	PRON
ajeer-229	162	8	studies	study	NOUN
ajeer-229	162	9	and	and	CCONJ
ajeer-229	162	10	found	find	VERB
ajeer-229	162	11	that	that	SCONJ
ajeer-229	162	12	the	the	DET
ajeer-229	162	13	stock	stock	NOUN
ajeer-229	162	14	returns	return	NOUN
ajeer-229	162	15	of	of	ADP
ajeer-229	162	16	u.s	u.s	PROPN
ajeer-229	162	17	.	.	PROPN
ajeer-229	162	18	multinational	multinational	ADJ
ajeer-229	162	19	firm	firm	NOUN
ajeer-229	162	20	are	be	AUX
ajeer-229	162	21	significantly	significantly	ADV
ajeer-229	162	22	positively	positively	ADV
ajeer-229	162	23	correlated	correlate	VERB
ajeer-229	162	24	to	to	ADP
ajeer-229	162	25	the	the	DET
ajeer-229	162	26	volatility	volatility	NOUN
ajeer-229	162	27	of	of	ADP
ajeer-229	162	28	the	the	DET
ajeer-229	162	29	u.s	u.s	PROPN
ajeer-229	162	30	.	.	PROPN
ajeer-229	162	31	dollar	dollar	NOUN
ajeer-229	162	32	.	.	PUNCT
ajeer-229	163	1	moreover	moreover	ADV
ajeer-229	163	2	,	,	PUNCT
ajeer-229	163	3	bodnar	bodnar	NOUN
ajeer-229	163	4	and	and	CCONJ
ajeer-229	163	5	william	william	PROPN
ajeer-229	163	6	(	(	PUNCT
ajeer-229	163	7	1993	1993	NUM
ajeer-229	163	8	)	)	PUNCT
ajeer-229	163	9	studied	study	VERB
ajeer-229	163	10	the	the	DET
ajeer-229	163	11	different	different	ADJ
ajeer-229	163	12	effects	effect	NOUN
ajeer-229	163	13	of	of	ADP
ajeer-229	163	14	the	the	DET
ajeer-229	163	15	fluctuations	fluctuation	NOUN
ajeer-229	163	16	of	of	ADP
ajeer-229	163	17	foreign	foreign	ADJ
ajeer-229	163	18	exchange	exchange	NOUN
ajeer-229	163	19	rates	rate	NOUN
ajeer-229	163	20	on	on	ADP
ajeer-229	163	21	the	the	DET
ajeer-229	163	22	different	different	ADJ
ajeer-229	163	23	industries	industry	NOUN
ajeer-229	163	24	in	in	ADP
ajeer-229	163	25	u.s	u.s	PROPN
ajeer-229	163	26	.	.	PROPN
ajeer-229	163	27	,	,	PUNCT
ajeer-229	163	28	canada	canada	PROPN
ajeer-229	163	29	and	and	CCONJ
ajeer-229	163	30	japan	japan	PROPN
ajeer-229	163	31	.	.	PUNCT
ajeer-229	164	1	and	and	CCONJ
ajeer-229	164	2	in	in	ADP
ajeer-229	164	3	hamid	hamid	PROPN
ajeer-229	164	4	et	et	PROPN
ajeer-229	164	5	al	al	PROPN
ajeer-229	164	6	.	.	PROPN
ajeer-229	165	1	(	(	PUNCT
ajeer-229	165	2	2013	2013	NUM
ajeer-229	165	3	)	)	PUNCT
ajeer-229	165	4	discussed	discuss	VERB
ajeer-229	165	5	asian	asian	ADJ
ajeer-229	165	6	journal	journal	NOUN
ajeer-229	165	7	of	of	ADP
ajeer-229	165	8	economics	economic	NOUN
ajeer-229	165	9	and	and	CCONJ
ajeer-229	165	10	empirical	empirical	ADJ
ajeer-229	165	11	research	research	NOUN
ajeer-229	165	12	,	,	PUNCT
ajeer-229	165	13	2017	2017	NUM
ajeer-229	165	14	,	,	PUNCT
ajeer-229	165	15	4(1	4(1	NOUN
ajeer-229	165	16	):	):	PUNCT
ajeer-229	165	17	32	32	NUM
ajeer-229	165	18	-	-	SYM
ajeer-229	165	19	48	48	NUM
ajeer-229	165	20	37	37	NUM
ajeer-229	165	21	the	the	DET
ajeer-229	165	22	public	public	ADJ
ajeer-229	165	23	relations	relation	NOUN
ajeer-229	165	24	agency	agency	PROPN
ajeer-229	165	25	(	(	PUNCT
ajeer-229	165	26	pra	pra	PROPN
ajeer-229	165	27	)	)	PUNCT
ajeer-229	165	28	in	in	ADP
ajeer-229	165	29	the	the	DET
ajeer-229	165	30	people‟s	people‟s	NOUN
ajeer-229	165	31	republic	republic	NOUN
ajeer-229	165	32	of	of	ADP
ajeer-229	165	33	china	china	PROPN
ajeer-229	165	34	(	(	PUNCT
ajeer-229	165	35	prc	prc	PROPN
ajeer-229	165	36	)	)	PUNCT
ajeer-229	165	37	by	by	ADP
ajeer-229	165	38	using	use	VERB
ajeer-229	165	39	importance	importance	NOUN
ajeer-229	165	40	-	-	PUNCT
ajeer-229	165	41	performance	performance	NOUN
ajeer-229	165	42	analysis	analysis	NOUN
ajeer-229	165	43	(	(	PUNCT
ajeer-229	165	44	ipa	ipa	PROPN
ajeer-229	165	45	)	)	PUNCT
ajeer-229	165	46	.	.	PUNCT
ajeer-229	166	1	moreover	moreover	ADV
ajeer-229	166	2	,	,	PUNCT
ajeer-229	166	3	he	he	PRON
ajeer-229	166	4	and	and	CCONJ
ajeer-229	166	5	ng	ng	PROPN
ajeer-229	166	6	(	(	PUNCT
ajeer-229	166	7	1998	1998	NUM
ajeer-229	166	8	)	)	PUNCT
ajeer-229	166	9	investigated	investigate	VERB
ajeer-229	166	10	japan	japan	PROPN
ajeer-229	166	11	171	171	NUM
ajeer-229	166	12	multinational	multinational	ADJ
ajeer-229	166	13	firms	firm	NOUN
ajeer-229	166	14	there	there	PRON
ajeer-229	166	15	are	be	VERB
ajeer-229	166	16	about	about	ADV
ajeer-229	166	17	25	25	NUM
ajeer-229	166	18	%	%	NOUN
ajeer-229	166	19	firm‟s	firm‟s	NOUN
ajeer-229	166	20	stock	stock	NOUN
ajeer-229	166	21	returns	return	NOUN
ajeer-229	166	22	significantly	significantly	ADV
ajeer-229	166	23	positively	positively	ADV
ajeer-229	166	24	correlated	correlate	VERB
ajeer-229	166	25	to	to	ADP
ajeer-229	166	26	the	the	DET
ajeer-229	166	27	foreign	foreign	ADJ
ajeer-229	166	28	exchange	exchange	NOUN
ajeer-229	166	29	exposures	exposure	NOUN
ajeer-229	166	30	,	,	PUNCT
ajeer-229	166	31	themselves	themselves	PRON
ajeer-229	166	32	.	.	PUNCT
ajeer-229	167	1	and	and	CCONJ
ajeer-229	167	2	the	the	DET
ajeer-229	167	3	effects	effect	NOUN
ajeer-229	167	4	are	be	AUX
ajeer-229	167	5	increasing	increase	VERB
ajeer-229	167	6	as	as	ADP
ajeer-229	167	7	firm‟s	firm‟s	NOUN
ajeer-229	167	8	size	size	NOUN
ajeer-229	167	9	increases	increase	NOUN
ajeer-229	167	10	.	.	PUNCT
ajeer-229	168	1	moreover	moreover	ADV
ajeer-229	168	2	,	,	PUNCT
ajeer-229	168	3	in	in	ADP
ajeer-229	168	4	fama	fama	NOUN
ajeer-229	168	5	and	and	CCONJ
ajeer-229	168	6	kenneth	kenneth	PROPN
ajeer-229	168	7	(	(	PUNCT
ajeer-229	168	8	1993;1995	1993;1995	NUM
ajeer-229	168	9	)	)	PUNCT
ajeer-229	168	10	they	they	PRON
ajeer-229	168	11	formed	form	VERB
ajeer-229	168	12	six	six	NUM
ajeer-229	168	13	portfolios	portfolio	NOUN
ajeer-229	168	14	of	of	ADP
ajeer-229	168	15	the	the	DET
ajeer-229	168	16	stocks	stock	NOUN
ajeer-229	168	17	listed	list	VERB
ajeer-229	168	18	on	on	ADP
ajeer-229	168	19	nyse	nyse	PROPN
ajeer-229	168	20	,	,	PUNCT
ajeer-229	168	21	amx	amx	PROPN
ajeer-229	168	22	,	,	PUNCT
ajeer-229	168	23	and	and	CCONJ
ajeer-229	168	24	nasdaq	nasdaq	PROPN
ajeer-229	168	25	stock	stock	NOUN
ajeer-229	168	26	market	market	NOUN
ajeer-229	168	27	by	by	ADP
ajeer-229	168	28	the	the	DET
ajeer-229	168	29	firm‟s	firm‟s	NOUN
ajeer-229	168	30	size	size	NOUN
ajeer-229	168	31	and	and	CCONJ
ajeer-229	168	32	found	find	VERB
ajeer-229	168	33	that	that	SCONJ
ajeer-229	168	34	firm‟s	firm‟s	NOUN
ajeer-229	168	35	size	size	NOUN
ajeer-229	168	36	and	and	CCONJ
ajeer-229	168	37	be	be	AUX
ajeer-229	168	38	/	/	SYM
ajeer-229	168	39	me	i	PRON
ajeer-229	168	40	proxy	proxy	NOUN
ajeer-229	168	41	for	for	ADP
ajeer-229	168	42	sensitivity	sensitivity	NOUN
ajeer-229	168	43	to	to	PART
ajeer-229	168	44	risk	risk	VERB
ajeer-229	168	45	factors	factor	NOUN
ajeer-229	168	46	that	that	PRON
ajeer-229	168	47	capture	capture	VERB
ajeer-229	168	48	strong	strong	ADJ
ajeer-229	168	49	common	common	ADJ
ajeer-229	168	50	variation	variation	NOUN
ajeer-229	168	51	in	in	ADP
ajeer-229	168	52	stock	stock	NOUN
ajeer-229	168	53	returns	return	NOUN
ajeer-229	168	54	and	and	CCONJ
ajeer-229	168	55	will	will	AUX
ajeer-229	168	56	help	help	VERB
ajeer-229	168	57	to	to	PART
ajeer-229	168	58	explain	explain	VERB
ajeer-229	168	59	the	the	DET
ajeer-229	168	60	average	average	ADJ
ajeer-229	168	61	returns	return	NOUN
ajeer-229	168	62	and	and	CCONJ
ajeer-229	168	63	then	then	ADV
ajeer-229	168	64	firm‟s	firm‟s	VERB
ajeer-229	168	65	profitability	profitability	NOUN
ajeer-229	168	66	.	.	PUNCT
ajeer-229	169	1	and	and	CCONJ
ajeer-229	169	2	morelli	morelli	PROPN
ajeer-229	169	3	(	(	PUNCT
ajeer-229	169	4	2007	2007	NUM
ajeer-229	169	5	)	)	PUNCT
ajeer-229	169	6	found	find	VERB
ajeer-229	169	7	the	the	DET
ajeer-229	169	8	same	same	ADJ
ajeer-229	169	9	effects	effect	NOUN
ajeer-229	169	10	of	of	ADP
ajeer-229	169	11	firm‟s	firm‟s	NOUN
ajeer-229	169	12	size	size	NOUN
ajeer-229	169	13	on	on	ADP
ajeer-229	169	14	the	the	DET
ajeer-229	169	15	uk	uk	PROPN
ajeer-229	169	16	listed	list	VERB
ajeer-229	169	17	firms‟	firms‟	NOUN
ajeer-229	169	18	stock	stock	NOUN
ajeer-229	169	19	returns	return	NOUN
ajeer-229	169	20	.	.	PUNCT
ajeer-229	170	1	their	their	PRON
ajeer-229	170	2	results	result	NOUN
ajeer-229	170	3	showed	show	VERB
ajeer-229	170	4	that	that	SCONJ
ajeer-229	170	5	the	the	DET
ajeer-229	170	6	media	medium	NOUN
ajeer-229	170	7	personnel	personnel	NOUN
ajeer-229	170	8	and	and	CCONJ
ajeer-229	170	9	travel	travel	NOUN
ajeer-229	170	10	agents	agent	NOUN
ajeer-229	170	11	/	/	SYM
ajeer-229	170	12	tour	tour	NOUN
ajeer-229	170	13	operators	operator	NOUN
ajeer-229	170	14	were	be	AUX
ajeer-229	170	15	basically	basically	ADV
ajeer-229	170	16	satisfied	satisfied	ADJ
ajeer-229	170	17	with	with	ADP
ajeer-229	170	18	the	the	DET
ajeer-229	170	19	pra‟s	pra‟s	NUM
ajeer-229	170	20	performance	performance	NOUN
ajeer-229	170	21	,	,	PUNCT
ajeer-229	170	22	although	although	SCONJ
ajeer-229	170	23	there	there	PRON
ajeer-229	170	24	is	be	VERB
ajeer-229	170	25	still	still	ADV
ajeer-229	170	26	room	room	NOUN
ajeer-229	170	27	for	for	ADP
ajeer-229	170	28	improvement	improvement	NOUN
ajeer-229	170	29	.	.	PUNCT
ajeer-229	171	1	on	on	ADP
ajeer-229	171	2	the	the	DET
ajeer-229	171	3	other	other	ADJ
ajeer-229	171	4	hand	hand	NOUN
ajeer-229	171	5	,	,	PUNCT
ajeer-229	171	6	maloney	maloney	NOUN
ajeer-229	171	7	(	(	PUNCT
ajeer-229	171	8	1990	1990	NUM
ajeer-229	171	9	)	)	PUNCT
ajeer-229	171	10	paid	pay	VERB
ajeer-229	171	11	attention	attention	NOUN
ajeer-229	171	12	on	on	ADP
ajeer-229	171	13	the	the	DET
ajeer-229	171	14	australian	australian	ADJ
ajeer-229	171	15	mining	mining	NOUN
ajeer-229	171	16	firms	firm	NOUN
ajeer-229	171	17	.	.	PUNCT
ajeer-229	172	1	he	he	PRON
ajeer-229	172	2	indicated	indicate	VERB
ajeer-229	172	3	that	that	SCONJ
ajeer-229	172	4	the	the	DET
ajeer-229	172	5	fluctuations	fluctuation	NOUN
ajeer-229	172	6	of	of	ADP
ajeer-229	172	7	the	the	DET
ajeer-229	172	8	exchange	exchange	NOUN
ajeer-229	172	9	rates	rate	NOUN
ajeer-229	172	10	between	between	ADP
ajeer-229	172	11	australia	australia	PROPN
ajeer-229	172	12	dollars	dollar	NOUN
ajeer-229	172	13	against	against	ADP
ajeer-229	172	14	to	to	ADP
ajeer-229	172	15	the	the	DET
ajeer-229	172	16	major	major	ADJ
ajeer-229	172	17	currencies	currency	NOUN
ajeer-229	172	18	will	will	AUX
ajeer-229	172	19	affect	affect	VERB
ajeer-229	172	20	the	the	DET
ajeer-229	172	21	firm‟s	firm‟s	NOUN
ajeer-229	172	22	profit	profit	NOUN
ajeer-229	172	23	.	.	PUNCT
ajeer-229	173	1	so	so	ADV
ajeer-229	173	2	he	he	PRON
ajeer-229	173	3	suggested	suggest	VERB
ajeer-229	173	4	that	that	SCONJ
ajeer-229	173	5	firm	firm	NOUN
ajeer-229	173	6	should	should	AUX
ajeer-229	173	7	find	find	VERB
ajeer-229	173	8	some	some	DET
ajeer-229	173	9	strategies	strategy	NOUN
ajeer-229	173	10	to	to	PART
ajeer-229	173	11	manage	manage	VERB
ajeer-229	173	12	the	the	DET
ajeer-229	173	13	positions	position	NOUN
ajeer-229	173	14	of	of	ADP
ajeer-229	173	15	foreign	foreign	ADJ
ajeer-229	173	16	currencies	currency	NOUN
ajeer-229	173	17	in	in	ADP
ajeer-229	173	18	order	order	NOUN
ajeer-229	173	19	to	to	PART
ajeer-229	173	20	avoid	avoid	VERB
ajeer-229	173	21	the	the	DET
ajeer-229	173	22	losses	loss	NOUN
ajeer-229	173	23	caused	cause	VERB
ajeer-229	173	24	by	by	ADP
ajeer-229	173	25	the	the	DET
ajeer-229	173	26	fluctuations	fluctuation	NOUN
ajeer-229	173	27	of	of	ADP
ajeer-229	173	28	exchange	exchange	NOUN
ajeer-229	173	29	rates	rate	NOUN
ajeer-229	173	30	and	and	CCONJ
ajeer-229	173	31	then	then	ADV
ajeer-229	173	32	reduce	reduce	VERB
ajeer-229	173	33	the	the	DET
ajeer-229	173	34	firm‟s	firm‟s	NOUN
ajeer-229	173	35	performance	performance	NOUN
ajeer-229	173	36	.	.	PUNCT
ajeer-229	174	1	bailey	bailey	PROPN
ajeer-229	174	2	et	et	PROPN
ajeer-229	174	3	al	al	PROPN
ajeer-229	174	4	.	.	PROPN
ajeer-229	175	1	(	(	PUNCT
ajeer-229	175	2	1992	1992	NUM
ajeer-229	175	3	)	)	PUNCT
ajeer-229	175	4	and	and	CCONJ
ajeer-229	175	5	kim	kim	PROPN
ajeer-229	175	6	(	(	PUNCT
ajeer-229	175	7	2013	2013	NUM
ajeer-229	175	8	)	)	PUNCT
ajeer-229	175	9	suggested	suggest	VERB
ajeer-229	175	10	that	that	SCONJ
ajeer-229	175	11	multinational	multinational	ADJ
ajeer-229	175	12	enterprise	enterprise	NOUN
ajeer-229	175	13	may	may	AUX
ajeer-229	175	14	use	use	VERB
ajeer-229	175	15	the	the	DET
ajeer-229	175	16	framework	framework	NOUN
ajeer-229	175	17	of	of	ADP
ajeer-229	175	18	the	the	DET
ajeer-229	175	19	modern	modern	ADJ
ajeer-229	175	20	portfolio	portfolio	NOUN
ajeer-229	175	21	theory	theory	NOUN
ajeer-229	175	22	to	to	PART
ajeer-229	175	23	form	form	VERB
ajeer-229	175	24	their	their	PRON
ajeer-229	175	25	own	own	ADJ
ajeer-229	175	26	foreign	foreign	ADJ
ajeer-229	175	27	exchange	exchange	NOUN
ajeer-229	175	28	risk	risk	NOUN
ajeer-229	175	29	management	management	NOUN
ajeer-229	175	30	strategies	strategy	NOUN
ajeer-229	175	31	and	and	CCONJ
ajeer-229	175	32	to	to	PART
ajeer-229	175	33	reduce	reduce	VERB
ajeer-229	175	34	the	the	DET
ajeer-229	175	35	effect	effect	NOUN
ajeer-229	175	36	of	of	ADP
ajeer-229	175	37	foreign	foreign	ADJ
ajeer-229	175	38	exchange	exchange	NOUN
ajeer-229	175	39	exposures	exposure	NOUN
ajeer-229	175	40	.	.	PUNCT
ajeer-229	176	1	here	here	ADV
ajeer-229	176	2	,	,	PUNCT
ajeer-229	176	3	we	we	PRON
ajeer-229	176	4	apply	apply	VERB
ajeer-229	176	5	the	the	DET
ajeer-229	176	6	framework	framework	NOUN
ajeer-229	176	7	of	of	ADP
ajeer-229	176	8	kim	kim	PROPN
ajeer-229	176	9	to	to	PART
ajeer-229	176	10	investigate	investigate	VERB
ajeer-229	176	11	the	the	DET
ajeer-229	176	12	effects	effect	NOUN
ajeer-229	176	13	of	of	ADP
ajeer-229	176	14	foreign	foreign	ADJ
ajeer-229	176	15	exchange	exchange	NOUN
ajeer-229	176	16	exposures	exposure	NOUN
ajeer-229	176	17	on	on	ADP
ajeer-229	176	18	the	the	DET
ajeer-229	176	19	performance	performance	NOUN
ajeer-229	176	20	of	of	ADP
ajeer-229	176	21	taiwan	taiwan	PROPN
ajeer-229	176	22	hospitality	hospitality	NOUN
ajeer-229	176	23	industry	industry	NOUN
ajeer-229	176	24	and	and	CCONJ
ajeer-229	176	25	try	try	VERB
ajeer-229	176	26	to	to	PART
ajeer-229	176	27	propose	propose	VERB
ajeer-229	176	28	some	some	DET
ajeer-229	176	29	hedging	hedging	NOUN
ajeer-229	176	30	strategies	strategy	NOUN
ajeer-229	176	31	and	and	CCONJ
ajeer-229	176	32	strengthen	strengthen	VERB
ajeer-229	176	33	their	their	PRON
ajeer-229	176	34	corporate	corporate	ADJ
ajeer-229	176	35	risk	risk	NOUN
ajeer-229	176	36	management	management	NOUN
ajeer-229	176	37	.	.	PUNCT
ajeer-229	177	1	therefore	therefore	ADV
ajeer-229	177	2	,	,	PUNCT
ajeer-229	177	3	in	in	ADP
ajeer-229	177	4	our	our	PRON
ajeer-229	177	5	regression	regression	NOUN
ajeer-229	177	6	models	model	NOUN
ajeer-229	177	7	,	,	PUNCT
ajeer-229	177	8	we	we	PRON
ajeer-229	177	9	will	will	AUX
ajeer-229	177	10	impose	impose	VERB
ajeer-229	177	11	the	the	DET
ajeer-229	177	12	changes	change	NOUN
ajeer-229	177	13	of	of	ADP
ajeer-229	177	14	exchange	exchange	NOUN
ajeer-229	177	15	rates	rate	NOUN
ajeer-229	177	16	of	of	ADP
ajeer-229	177	17	several	several	ADJ
ajeer-229	177	18	currencies	currency	NOUN
ajeer-229	177	19	to	to	PART
ajeer-229	177	20	study	study	VERB
ajeer-229	177	21	the	the	DET
ajeer-229	177	22	effects	effect	NOUN
ajeer-229	177	23	of	of	ADP
ajeer-229	177	24	the	the	DET
ajeer-229	177	25	fluctuations	fluctuation	NOUN
ajeer-229	177	26	of	of	ADP
ajeer-229	177	27	exchange	exchange	NOUN
ajeer-229	177	28	rates	rate	NOUN
ajeer-229	177	29	on	on	ADP
ajeer-229	177	30	the	the	DET
ajeer-229	177	31	performance	performance	NOUN
ajeer-229	177	32	of	of	ADP
ajeer-229	177	33	taiwan	taiwan	PROPN
ajeer-229	177	34	hospitality	hospitality	NOUN
ajeer-229	177	35	firms	firm	NOUN
ajeer-229	177	36	.	.	PUNCT
ajeer-229	178	1	our	our	PRON
ajeer-229	178	2	autoregression	autoregression	NOUN
ajeer-229	178	3	moving	move	VERB
ajeer-229	178	4	average	average	ADJ
ajeer-229	178	5	model	model	NOUN
ajeer-229	178	6	is	be	AUX
ajeer-229	178	7	given	give	VERB
ajeer-229	178	8	as	as	SCONJ
ajeer-229	178	9	follows	follow	VERB
ajeer-229	178	10	:	:	PUNCT
ajeer-229	178	11			X
ajeer-229	179	1			NOUN
ajeer-229	180	1			PROPN
ajeer-229	180	2	p	p	PROPN
ajeer-229	180	3	k	k	PROPN
ajeer-229	180	4	ktikitmiiti	ktikitmiiti	PROPN
ajeer-229	180	5	eperformancrmrfeperformanc	eperformancrmrfeperformanc	PROPN
ajeer-229	180	6	1	1	NUM
ajeer-229	180	7	,	,	PUNCT
ajeer-229	180	8	,	,	PUNCT
ajeer-229	180	9	,	,	PUNCT
ajeer-229	180	10	,	,	PUNCT
ajeer-229	180	11			PROPN
ajeer-229	180	12			PART
ajeer-229	180	13			PROPN
ajeer-229	180	14			PROPN
ajeer-229	180	15			NUM
ajeer-229	180	16			PROPN
ajeer-229	180	17	q	q	X
ajeer-229	180	18	s	s	PROPN
ajeer-229	180	19	stistii	stistii	NOUN
ajeer-229	180	20	n	n	PROPN
ajeer-229	180	21	j	j	PROPN
ajeer-229	180	22	tjji	tjji	NOUN
ajeer-229	180	23	asizefx	asizefx	PROPN
ajeer-229	180	24	01	01	NUM
ajeer-229	180	25	,	,	PUNCT
ajeer-229	180	26	,	,	PUNCT
ajeer-229	180	27	,	,	PUNCT
ajeer-229	180	28	,	,	PUNCT
ajeer-229	180	29			PROPN
ajeer-229	180	30	,	,	PUNCT
ajeer-229	180	31	(	(	PUNCT
ajeer-229	180	32	16	16	NUM
ajeer-229	180	33	)	)	PUNCT
ajeer-229	180	34			NOUN
ajeer-229	180	35			SYM
ajeer-229	180	36			NOUN
ajeer-229	180	37			PROPN
ajeer-229	180	38	itqpqpt	itqpqpt	NOUN
ajeer-229	180	39	,	,	PUNCT
ajeer-229	180	40	,	,	PUNCT
ajeer-229	180	41	,	,	PUNCT
ajeer-229	180	42	,	,	PUNCT
ajeer-229	180	43	,	,	PUNCT
ajeer-229	180	44	2max1max	2max1max	PROPN
ajeer-229	180	45			PROPN
ajeer-229	180	46	,	,	PUNCT
ajeer-229	180	47	ni	ni	PROPN
ajeer-229	180	48	,	,	PUNCT
ajeer-229	180	49	,	,	PUNCT
ajeer-229	180	50	,	,	PUNCT
ajeer-229	180	51	21	21	PROPN
ajeer-229	180	52	.	.	PUNCT
ajeer-229	181	1	where	where	SCONJ
ajeer-229	181	2	,	,	PUNCT
ajeer-229	181	3	tieperformanc	tieperformanc	PROPN
ajeer-229	181	4	,	,	PUNCT
ajeer-229	181	5	represents	represent	VERB
ajeer-229	181	6	the	the	DET
ajeer-229	181	7	ith	ith	PROPN
ajeer-229	181	8	firm‟s	firm‟s	PROPN
ajeer-229	181	9	performance	performance	NOUN
ajeer-229	181	10	in	in	ADP
ajeer-229	181	11	the	the	DET
ajeer-229	181	12	tth	tth	NOUN
ajeer-229	181	13	quarter	quarter	NOUN
ajeer-229	181	14	,	,	PUNCT
ajeer-229	181	15	and	and	CCONJ
ajeer-229	181	16	ktieperformanc	ktieperformanc	PROPN
ajeer-229	181	17			PROPN
ajeer-229	181	18	,	,	PUNCT
ajeer-229	181	19	is	be	AUX
ajeer-229	181	20	its	its	PRON
ajeer-229	181	21	kth	kth	NOUN
ajeer-229	181	22	lagged	lag	VERB
ajeer-229	181	23	variable	variable	NOUN
ajeer-229	181	24	.	.	PUNCT
ajeer-229	182	1	in	in	ADP
ajeer-229	182	2	sharpe	sharpe	PROPN
ajeer-229	182	3	(	(	PUNCT
ajeer-229	182	4	1964	1964	NUM
ajeer-229	182	5	)	)	PUNCT
ajeer-229	182	6	he	he	PRON
ajeer-229	182	7	defined	define	VERB
ajeer-229	182	8	that	that	SCONJ
ajeer-229	182	9	trmrf	trmrf	NOUN
ajeer-229	182	10	is	be	AUX
ajeer-229	182	11	the	the	DET
ajeer-229	182	12	market	market	NOUN
ajeer-229	182	13	portfolio‟s	portfolio‟s	VERB
ajeer-229	182	14	excess	excess	ADJ
ajeer-229	182	15	return	return	NOUN
ajeer-229	182	16	in	in	ADP
ajeer-229	182	17	the	the	DET
ajeer-229	182	18	t	t	PROPN
ajeer-229	182	19	-	-	PUNCT
ajeer-229	182	20	th	th	NOUN
ajeer-229	182	21	quarter	quarter	NOUN
ajeer-229	182	22	,	,	PUNCT
ajeer-229	182	23	i.e.	i.e.	X
ajeer-229	182	24	,	,	PUNCT
ajeer-229	182	25	ftt	ftt	ADJ
ajeer-229	182	26	rrmrmrf	rrmrmrf	NOUN
ajeer-229	182	27			NOUN
ajeer-229	182	28	,	,	PUNCT
ajeer-229	182	29	trm	trm	PROPN
ajeer-229	182	30	is	be	AUX
ajeer-229	182	31	the	the	DET
ajeer-229	182	32	market	market	NOUN
ajeer-229	182	33	portfolio‟s	portfolio‟s	NOUN
ajeer-229	182	34	return	return	VERB
ajeer-229	182	35	and	and	CCONJ
ajeer-229	182	36	fr	fr	NOUN
ajeer-229	182	37	is	be	AUX
ajeer-229	182	38	the	the	DET
ajeer-229	182	39	rate	rate	NOUN
ajeer-229	182	40	of	of	ADP
ajeer-229	182	41	return	return	NOUN
ajeer-229	182	42	of	of	ADP
ajeer-229	182	43	riskless	riskless	NOUN
ajeer-229	182	44	asset	asset	NOUN
ajeer-229	182	45	.	.	PUNCT
ajeer-229	183	1	furthermore	furthermore	ADV
ajeer-229	183	2	,	,	PUNCT
ajeer-229	183	3	as	as	SCONJ
ajeer-229	183	4	indicated	indicate	VERB
ajeer-229	183	5	in	in	ADP
ajeer-229	183	6	smithson	smithson	PROPN
ajeer-229	183	7	and	and	CCONJ
ajeer-229	183	8	simkins	simkin	NOUN
ajeer-229	183	9	(	(	PUNCT
ajeer-229	183	10	2005	2005	NUM
ajeer-229	183	11	)	)	PUNCT
ajeer-229	183	12	although	although	SCONJ
ajeer-229	183	13	the	the	DET
ajeer-229	183	14	management	management	NOUN
ajeer-229	183	15	of	of	ADP
ajeer-229	183	16	interest	interest	NOUN
ajeer-229	183	17	rate	rate	NOUN
ajeer-229	183	18	and	and	CCONJ
ajeer-229	183	19	foreign	foreign	ADJ
ajeer-229	183	20	exchange	exchange	NOUN
ajeer-229	183	21	rate	rate	NOUN
ajeer-229	183	22	risks	risk	NOUN
ajeer-229	183	23	does	do	AUX
ajeer-229	183	24	indeed	indeed	ADV
ajeer-229	183	25	add	add	VERB
ajeer-229	183	26	value	value	NOUN
ajeer-229	183	27	,	,	PUNCT
ajeer-229	183	28	the	the	DET
ajeer-229	183	29	effect	effect	NOUN
ajeer-229	183	30	is	be	AUX
ajeer-229	183	31	larger	large	ADJ
ajeer-229	183	32	than	than	SCONJ
ajeer-229	183	33	would	would	AUX
ajeer-229	183	34	be	be	AUX
ajeer-229	183	35	expected	expect	VERB
ajeer-229	183	36	.	.	PUNCT
ajeer-229	184	1	such	such	ADJ
ajeer-229	184	2	that	that	PRON
ajeer-229	184	3	,	,	PUNCT
ajeer-229	184	4	let	let	VERB
ajeer-229	184	5	tjfx	tjfx	NOUN
ajeer-229	184	6	,	,	PUNCT
ajeer-229	184	7			PUNCT
ajeer-229	184	8	be	be	AUX
ajeer-229	184	9	the	the	DET
ajeer-229	184	10	percentage	percentage	NOUN
ajeer-229	184	11	change	change	NOUN
ajeer-229	184	12	of	of	ADP
ajeer-229	184	13	exchange	exchange	NOUN
ajeer-229	184	14	rate	rate	NOUN
ajeer-229	184	15	of	of	ADP
ajeer-229	184	16	the	the	DET
ajeer-229	184	17	jth	jth	PROPN
ajeer-229	184	18	currency	currency	NOUN
ajeer-229	184	19	in	in	ADP
ajeer-229	184	20	the	the	DET
ajeer-229	184	21	tth	tth	NOUN
ajeer-229	184	22	quarter	quarter	NOUN
ajeer-229	184	23	,	,	PUNCT
ajeer-229	184	24	which	which	PRON
ajeer-229	184	25	is	be	AUX
ajeer-229	184	26	defined	define	VERB
ajeer-229	184	27	by	by	ADP
ajeer-229	184	28	100	100	NUM
ajeer-229	184	29	1	1	NUM
ajeer-229	184	30	1	1	NUM
ajeer-229	184	31			NOUN
ajeer-229	184	32			PROPN
ajeer-229	184	33			PROPN
ajeer-229	184	34			PROPN
ajeer-229	184	35			PROPN
ajeer-229	184	36	tj	tj	NOUN
ajeer-229	184	37	tjtj	tjtj	NOUN
ajeer-229	184	38	tj	tj	PROPN
ajeer-229	184	39	e	e	PROPN
ajeer-229	184	40	ee	ee	PROPN
ajeer-229	184	41	fx	fx	PROPN
ajeer-229	184	42	,	,	PUNCT
ajeer-229	184	43	,	,	PUNCT
ajeer-229	184	44	,	,	PUNCT
ajeer-229	184	45	,	,	PUNCT
ajeer-229	184	46	,	,	PUNCT
ajeer-229	184	47	(	(	PUNCT
ajeer-229	184	48	17	17	NUM
ajeer-229	184	49	)	)	PUNCT
ajeer-229	184	50	where	where	SCONJ
ajeer-229	184	51	tje	tje	X
ajeer-229	184	52	,	,	PUNCT
ajeer-229	184	53	is	be	AUX
ajeer-229	184	54	the	the	DET
ajeer-229	184	55	closed	closed	ADJ
ajeer-229	184	56	price	price	NOUN
ajeer-229	184	57	in	in	ADP
ajeer-229	184	58	the	the	DET
ajeer-229	184	59	end	end	NOUN
ajeer-229	184	60	of	of	ADP
ajeer-229	184	61	the	the	DET
ajeer-229	184	62	quarter	quarter	NOUN
ajeer-229	184	63	in	in	ADP
ajeer-229	184	64	terms	term	NOUN
ajeer-229	184	65	of	of	ADP
ajeer-229	184	66	direct	direct	ADJ
ajeer-229	184	67	quotation	quotation	NOUN
ajeer-229	184	68	.	.	PUNCT
ajeer-229	185	1	and	and	CCONJ
ajeer-229	185	2	tisize	tisize	VERB
ajeer-229	185	3	,	,	PUNCT
ajeer-229	185	4	is	be	AUX
ajeer-229	185	5	the	the	DET
ajeer-229	185	6	size	size	NOUN
ajeer-229	185	7	of	of	ADP
ajeer-229	185	8	the	the	DET
ajeer-229	185	9	ith	ith	PROPN
ajeer-229	185	10	firm	firm	NOUN
ajeer-229	185	11	in	in	ADP
ajeer-229	185	12	the	the	DET
ajeer-229	185	13	tth	tth	PROPN
ajeer-229	185	14	quarter	quarter	NOUN
ajeer-229	185	15	which	which	PRON
ajeer-229	185	16	is	be	AUX
ajeer-229	185	17	defined	define	VERB
ajeer-229	185	18	as	as	ADP
ajeer-229	185	19			PROPN
ajeer-229	185	20	titi	titi	PROPN
ajeer-229	185	21	capsize	capsize	NOUN
ajeer-229	185	22	,	,	PUNCT
ajeer-229	185	23	,	,	PUNCT
ajeer-229	185	24	ln	ln	NOUN
ajeer-229	185	25	,	,	PUNCT
ajeer-229	185	26	and	and	CCONJ
ajeer-229	185	27	ticap	ticap	NOUN
ajeer-229	185	28	,	,	PUNCT
ajeer-229	185	29	is	be	AUX
ajeer-229	185	30	the	the	DET
ajeer-229	185	31	capitalization	capitalization	NOUN
ajeer-229	185	32	of	of	ADP
ajeer-229	185	33	the	the	DET
ajeer-229	185	34	firm	firm	NOUN
ajeer-229	185	35	in	in	ADP
ajeer-229	185	36	the	the	DET
ajeer-229	185	37	tth	tth	NOUN
ajeer-229	185	38	quarter	quarter	NOUN
ajeer-229	185	39	.	.	PUNCT
ajeer-229	186	1	tia	tia	PROPN
ajeer-229	186	2	,	,	PUNCT
ajeer-229	186	3	are	be	AUX
ajeer-229	186	4	the	the	DET
ajeer-229	186	5	white	white	ADJ
ajeer-229	186	6	noises	noise	NOUN
ajeer-229	186	7	.	.	PUNCT
ajeer-229	187	1	3	3	X
ajeer-229	187	2	.	.	X
ajeer-229	187	3	data	datum	NOUN
ajeer-229	187	4	this	this	DET
ajeer-229	187	5	paper	paper	NOUN
ajeer-229	187	6	selected	select	VERB
ajeer-229	187	7	12	12	NUM
ajeer-229	187	8	hospitality	hospitality	NOUN
ajeer-229	187	9	companies	company	NOUN
ajeer-229	187	10	listed	list	VERB
ajeer-229	187	11	on	on	ADP
ajeer-229	187	12	taiwan	taiwan	PROPN
ajeer-229	187	13	stock	stock	PROPN
ajeer-229	187	14	exchange	exchange	PROPN
ajeer-229	187	15	(	(	PUNCT
ajeer-229	187	16	twse	twse	PROPN
ajeer-229	187	17	)	)	PUNCT
ajeer-229	187	18	,	,	PUNCT
ajeer-229	187	19	and	and	CCONJ
ajeer-229	187	20	downloaded	download	VERB
ajeer-229	187	21	their	their	PRON
ajeer-229	187	22	quarterly	quarterly	ADJ
ajeer-229	187	23	roa	roa	NOUN
ajeer-229	187	24	,	,	PUNCT
ajeer-229	187	25	roe	roe	NOUN
ajeer-229	187	26	and	and	CCONJ
ajeer-229	187	27	capitalization	capitalization	NOUN
ajeer-229	187	28	from	from	ADP
ajeer-229	187	29	taiwan	taiwan	PROPN
ajeer-229	187	30	economic	economic	PROPN
ajeer-229	187	31	journal	journal	PROPN
ajeer-229	187	32	(	(	PUNCT
ajeer-229	187	33	tej	tej	PROPN
ajeer-229	187	34	)	)	PUNCT
ajeer-229	187	35	.	.	PUNCT
ajeer-229	188	1	they	they	PRON
ajeer-229	188	2	are	be	AUX
ajeer-229	188	3	hotel	hotel	NOUN
ajeer-229	188	4	holiday	holiday	NOUN
ajeer-229	188	5	garden	garden	NOUN
ajeer-229	188	6	(	(	PUNCT
ajeer-229	188	7	2702	2702	NUM
ajeer-229	188	8	)	)	PUNCT
ajeer-229	188	9	,	,	PUNCT
ajeer-229	188	10	the	the	DET
ajeer-229	188	11	ambassador	ambassador	PROPN
ajeer-229	188	12	hotel	hotel	PROPN
ajeer-229	188	13	ltd	ltd	PROPN
ajeer-229	188	14	.	.	PROPN
ajeer-229	188	15	(	(	PUNCT
ajeer-229	188	16	2704	2704	NUM
ajeer-229	188	17	)	)	PUNCT
ajeer-229	188	18	,	,	PUNCT
ajeer-229	188	19	the	the	DET
ajeer-229	188	20	leofoo	leofoo	PROPN
ajeer-229	188	21	development	development	PROPN
ajeer-229	188	22	co.	co.	PROPN
ajeer-229	188	23	,	,	PUNCT
ajeer-229	188	24	ltd	ltd	PROPN
ajeer-229	188	25	.	.	PROPN
ajeer-229	188	26	(	(	PUNCT
ajeer-229	188	27	2705	2705	NUM
ajeer-229	188	28	)	)	PUNCT
ajeer-229	188	29	,	,	PUNCT
ajeer-229	188	30	first	first	ADJ
ajeer-229	188	31	hotel	hotel	PROPN
ajeer-229	188	32	company	company	PROPN
ajeer-229	188	33	ltd	ltd	PROPN
ajeer-229	188	34	.	.	PROPN
ajeer-229	188	35	(	(	PUNCT
ajeer-229	188	36	2706	2706	NUM
ajeer-229	188	37	)	)	PUNCT
ajeer-229	188	38	,	,	PUNCT
ajeer-229	188	39	formosa	formosa	PROPN
ajeer-229	188	40	international	international	PROPN
ajeer-229	188	41	hotels	hotel	NOUN
ajeer-229	188	42	corporation	corporation	NOUN
ajeer-229	188	43	(	(	PUNCT
ajeer-229	188	44	2707	2707	NUM
ajeer-229	188	45	)	)	PUNCT
ajeer-229	188	46	,	,	PUNCT
ajeer-229	188	47	farglory	farglory	NOUN
ajeer-229	188	48	hotel	hotel	PROPN
ajeer-229	188	49	co.	co.	PROPN
ajeer-229	188	50	,	,	PUNCT
ajeer-229	188	51	ltd	ltd	PROPN
ajeer-229	188	52	.	.	PROPN
ajeer-229	188	53	(	(	PUNCT
ajeer-229	188	54	2712	2712	NUM
ajeer-229	188	55	)	)	PUNCT
ajeer-229	188	56	,	,	PUNCT
ajeer-229	188	57	pleasant	pleasant	ADJ
ajeer-229	188	58	hotels	hotel	NOUN
ajeer-229	188	59	international	international	PROPN
ajeer-229	188	60	inc	inc	PROPN
ajeer-229	188	61	.	.	PROPN
ajeer-229	188	62	(	(	PUNCT
ajeer-229	188	63	2718	2718	NUM
ajeer-229	188	64	)	)	PUNCT
ajeer-229	188	65	,	,	PUNCT
ajeer-229	188	66	chateau	chateau	PROPN
ajeer-229	188	67	international	international	PROPN
ajeer-229	188	68	development	development	PROPN
ajeer-229	188	69	co.	co.	PROPN
ajeer-229	188	70	,	,	PUNCT
ajeer-229	188	71	ltd	ltd	PROPN
ajeer-229	188	72	.	.	PROPN
ajeer-229	188	73	(	(	PUNCT
ajeer-229	188	74	2722	2722	NUM
ajeer-229	188	75	)	)	PUNCT
ajeer-229	188	76	,	,	PUNCT
ajeer-229	188	77	fx	fx	PROPN
ajeer-229	188	78	hotels	hotels	PROPN
ajeer-229	188	79	group	group	PROPN
ajeer-229	188	80	inc	inc	PROPN
ajeer-229	188	81	.	.	PROPN
ajeer-229	188	82	(	(	PUNCT
ajeer-229	188	83	2724	2724	NUM
ajeer-229	188	84	-	-	SYM
ajeer-229	188	85	f	f	NOUN
ajeer-229	188	86	)	)	PUNCT
ajeer-229	188	87	,	,	PUNCT
ajeer-229	188	88	janfusun	janfusun	PROPN
ajeer-229	188	89	fancyworld	fancyworld	PROPN
ajeer-229	188	90	corp	corp	PROPN
ajeer-229	188	91	.	.	PROPN
ajeer-229	188	92	(	(	PUNCT
ajeer-229	188	93	5701	5701	NUM
ajeer-229	188	94	)	)	PUNCT
ajeer-229	188	95	,	,	PUNCT
ajeer-229	188	96	the	the	DET
ajeer-229	188	97	landis	landis	PROPN
ajeer-229	188	98	taipei	taipei	PROPN
ajeer-229	188	99	hotel	hotel	PROPN
ajeer-229	188	100	co.	co.	PROPN
ajeer-229	188	101	,	,	PUNCT
ajeer-229	188	102	ltd	ltd	PROPN
ajeer-229	188	103	.	.	PROPN
ajeer-229	188	104	(	(	PUNCT
ajeer-229	188	105	5703	5703	NUM
ajeer-229	188	106	)	)	PUNCT
ajeer-229	188	107	,	,	PUNCT
ajeer-229	188	108	and	and	CCONJ
ajeer-229	188	109	hotel	hotel	NOUN
ajeer-229	188	110	royal	royal	ADJ
ajeer-229	188	111	chihpen	chihpen	NOUN
ajeer-229	188	112	(	(	PUNCT
ajeer-229	188	113	5704	5704	NUM
ajeer-229	188	114	)	)	PUNCT
ajeer-229	188	115	.	.	PUNCT
ajeer-229	189	1	period	period	NOUN
ajeer-229	189	2	is	be	AUX
ajeer-229	189	3	from	from	ADP
ajeer-229	189	4	2000q1	2000q1	NOUN
ajeer-229	189	5	to	to	ADP
ajeer-229	189	6	2015q3	2015q3	NUM
ajeer-229	189	7	and	and	CCONJ
ajeer-229	189	8	sum	sum	VERB
ajeer-229	189	9	to	to	ADP
ajeer-229	189	10	489	489	NUM
ajeer-229	189	11	firm	firm	ADJ
ajeer-229	189	12	-	-	PUNCT
ajeer-229	189	13	quarters	quarter	NOUN
ajeer-229	189	14	.	.	PUNCT
ajeer-229	190	1	table	table	NOUN
ajeer-229	190	2	1	1	NUM
ajeer-229	190	3	shows	show	VERB
ajeer-229	190	4	the	the	DET
ajeer-229	190	5	descriptive	descriptive	ADJ
ajeer-229	190	6	statistics	statistic	NOUN
ajeer-229	190	7	of	of	ADP
ajeer-229	190	8	the	the	DET
ajeer-229	190	9	firm‟s	firm‟s	NOUN
ajeer-229	190	10	roa	roa	NOUN
ajeer-229	190	11	and	and	CCONJ
ajeer-229	190	12	roe	roe	PROPN
ajeer-229	190	13	,	,	PUNCT
ajeer-229	190	14	respectively	respectively	ADV
ajeer-229	190	15	.	.	PUNCT
ajeer-229	191	1	table-1	table-1	NUM
ajeer-229	191	2	.	.	PUNCT
ajeer-229	192	1	(	(	PUNCT
ajeer-229	192	2	a	a	X
ajeer-229	192	3	)	)	PUNCT
ajeer-229	192	4	.	.	PUNCT
ajeer-229	193	1	descriptive	descriptive	ADJ
ajeer-229	193	2	statistics	statistic	NOUN
ajeer-229	193	3	of	of	ADP
ajeer-229	193	4	roa	roa	PROPN
ajeer-229	193	5	.	.	PROPN
ajeer-229	193	6	roa	roa	PROPN
ajeer-229	193	7	(	(	PUNCT
ajeer-229	193	8	%	%	INTJ
ajeer-229	193	9	)	)	PUNCT
ajeer-229	193	10	obs	obs	PROPN
ajeer-229	193	11	.	.	PUNCT
ajeer-229	194	1	mean	mean	VERB
ajeer-229	194	2	std	std	PROPN
ajeer-229	194	3	.	.	PROPN
ajeer-229	195	1	dev	dev	PROPN
ajeer-229	195	2	.	.	PUNCT
ajeer-229	196	1	max	max	PROPN
ajeer-229	196	2	min	min	PROPN
ajeer-229	196	3	median	median	PROPN
ajeer-229	196	4	2702	2702	NUM
ajeer-229	196	5	hg	hg	PROPN
ajeer-229	196	6	63	63	NUM
ajeer-229	196	7	0.661	0.661	NUM
ajeer-229	196	8	0.820	0.820	NUM
ajeer-229	196	9	2.94	2.94	NUM
ajeer-229	196	10	-1.43	-1.43	NUM
ajeer-229	196	11	0.740	0.740	NUM
ajeer-229	196	12	2704	2704	NUM
ajeer-229	196	13	ambh	ambh	NOUN
ajeer-229	196	14	63	63	NUM
ajeer-229	196	15	0.641	0.641	NUM
ajeer-229	196	16	0.565	0.565	NUM
ajeer-229	196	17	1.47	1.47	NUM
ajeer-229	196	18	-1.29	-1.29	NUM
ajeer-229	196	19	0.740	0.740	NUM
ajeer-229	196	20	2705	2705	NUM
ajeer-229	196	21	leofoo	leofoo	NOUN
ajeer-229	196	22	32	32	NUM
ajeer-229	196	23	-0.136	-0.136	PUNCT
ajeer-229	196	24	1.298	1.298	NUM
ajeer-229	196	25	5.40	5.40	NUM
ajeer-229	196	26	-5.03	-5.03	NOUN
ajeer-229	196	27	-0.225	-0.225	NUM
ajeer-229	196	28	2706	2706	NUM
ajeer-229	196	29	first	first	ADJ
ajeer-229	196	30	hotel	hotel	NOUN
ajeer-229	196	31	32	32	NUM
ajeer-229	196	32	1.398	1.398	NUM
ajeer-229	196	33	1.105	1.105	NUM
ajeer-229	196	34	7.28	7.28	NUM
ajeer-229	196	35	0.54	0.54	NUM
ajeer-229	196	36	1.160	1.160	NUM
ajeer-229	196	37	2707	2707	NUM
ajeer-229	196	38	gfrt	gfrt	NOUN
ajeer-229	196	39	63	63	NUM
ajeer-229	196	40	4.392	4.392	NUM
ajeer-229	196	41	1.195	1.195	NUM
ajeer-229	196	42	7.55	7.55	NUM
ajeer-229	196	43	1.27	1.27	NUM
ajeer-229	196	44	4.360	4.360	NUM
ajeer-229	196	45	2712	2712	NUM
ajeer-229	196	46	fgh	fgh	NOUN
ajeer-229	196	47	11	11	NUM
ajeer-229	196	48	1.383	1.383	NUM
ajeer-229	196	49	1.244	1.244	NUM
ajeer-229	196	50	3.68	3.68	NUM
ajeer-229	196	51	-0.12	-0.12	NUM
ajeer-229	196	52	0.870	0.870	NUM
ajeer-229	196	53	2718	2718	NUM
ajeer-229	196	54	ph	ph	VERB
ajeer-229	196	55	25	25	NUM
ajeer-229	196	56	0.944	0.944	NUM
ajeer-229	196	57	0.873	0.873	NUM
ajeer-229	196	58	2.40	2.40	NUM
ajeer-229	196	59	-1.20	-1.20	NUM
ajeer-229	196	60	0.840	0.840	NUM
ajeer-229	196	61	2722	2722	NUM
ajeer-229	196	62	chateau	chateau	NOUN
ajeer-229	196	63	21	21	NUM
ajeer-229	196	64	2.732	2.732	NUM
ajeer-229	196	65	2.632	2.632	NUM
ajeer-229	196	66	8.38	8.38	NUM
ajeer-229	196	67	-0.60	-0.60	NUM
ajeer-229	196	68	2.380	2.380	NUM
ajeer-229	196	69	2724	2724	NUM
ajeer-229	196	70	fx	fx	NOUN
ajeer-229	196	71	hotels	hotel	NOUN
ajeer-229	196	72	21	21	NUM
ajeer-229	196	73	1.179	1.179	NUM
ajeer-229	196	74	1.770	1.770	NUM
ajeer-229	196	75	5.74	5.74	NUM
ajeer-229	196	76	-2.45	-2.45	NUM
ajeer-229	196	77	1.550	1.550	NUM
ajeer-229	196	78	5701	5701	NUM
ajeer-229	196	79	jfs	jfs	ADJ
ajeer-229	196	80	32	32	NUM
ajeer-229	196	81	-1.462	-1.462	PROPN
ajeer-229	196	82	1.341	1.341	NUM
ajeer-229	196	83	1.73	1.73	NUM
ajeer-229	196	84	-5.76	-5.76	NUM
ajeer-229	196	85	-1.470	-1.470	NUM
ajeer-229	196	86	5703	5703	NUM
ajeer-229	196	87	landis	landis	PROPN
ajeer-229	196	88	taipei	taipei	PROPN
ajeer-229	196	89	63	63	NUM
ajeer-229	196	90	0.419	0.419	NUM
ajeer-229	196	91	1.724	1.724	NUM
ajeer-229	196	92	3.20	3.20	NUM
ajeer-229	196	93	-8.97	-8.97	NOUN
ajeer-229	196	94	0.740	0.740	NUM
ajeer-229	196	95	5704	5704	NUM
ajeer-229	196	96	chihpen	chihpen	NOUN
ajeer-229	196	97	royal	royal	ADJ
ajeer-229	196	98	63	63	NUM
ajeer-229	196	99	1.040	1.040	NUM
ajeer-229	196	100	1.381	1.381	NUM
ajeer-229	196	101	3.62	3.62	NUM
ajeer-229	196	102	-3.49	-3.49	NUM
ajeer-229	196	103	1.210	1.210	NUM
ajeer-229	196	104	source	source	NOUN
ajeer-229	196	105	:	:	PUNCT
ajeer-229	196	106	taiwan	taiwan	PROPN
ajeer-229	196	107	economic	economic	PROPN
ajeer-229	196	108	journal	journal	PROPN
ajeer-229	196	109	(	(	PUNCT
ajeer-229	196	110	tej	tej	PROPN
ajeer-229	196	111	)	)	PUNCT
ajeer-229	196	112	.	.	PUNCT
ajeer-229	197	1	asian	asian	ADJ
ajeer-229	197	2	journal	journal	PROPN
ajeer-229	197	3	of	of	ADP
ajeer-229	197	4	economics	economic	NOUN
ajeer-229	197	5	and	and	CCONJ
ajeer-229	197	6	empirical	empirical	ADJ
ajeer-229	197	7	research	research	NOUN
ajeer-229	197	8	,	,	PUNCT
ajeer-229	197	9	2017	2017	NUM
ajeer-229	197	10	,	,	PUNCT
ajeer-229	197	11	4(1	4(1	NOUN
ajeer-229	197	12	):	):	PUNCT
ajeer-229	197	13	32	32	NUM
ajeer-229	197	14	-	-	SYM
ajeer-229	197	15	48	48	NUM
ajeer-229	197	16	38	38	NUM
ajeer-229	197	17	table-1(b	table-1(b	NOUN
ajeer-229	197	18	)	)	PUNCT
ajeer-229	197	19	.	.	PUNCT
ajeer-229	198	1	descriptive	descriptive	ADJ
ajeer-229	198	2	statistics	statistic	NOUN
ajeer-229	198	3	of	of	ADP
ajeer-229	198	4	roe	roe	PROPN
ajeer-229	198	5	.	.	PUNCT
ajeer-229	199	1	roe	roe	PROPN
ajeer-229	199	2	(	(	PUNCT
ajeer-229	199	3	%	%	INTJ
ajeer-229	199	4	)	)	PUNCT
ajeer-229	199	5	obs	obs	PROPN
ajeer-229	199	6	.	.	PUNCT
ajeer-229	200	1	mean	mean	VERB
ajeer-229	200	2	std	std	PROPN
ajeer-229	200	3	.	.	PROPN
ajeer-229	201	1	dev	dev	PROPN
ajeer-229	201	2	.	.	PUNCT
ajeer-229	202	1	max	max	PROPN
ajeer-229	202	2	min	min	PROPN
ajeer-229	202	3	median	median	PROPN
ajeer-229	202	4	2702	2702	NUM
ajeer-229	202	5	hg	hg	PROPN
ajeer-229	202	6	63	63	NUM
ajeer-229	202	7	0.804	0.804	NUM
ajeer-229	202	8	1.276	1.276	NUM
ajeer-229	202	9	3.77	3.77	NUM
ajeer-229	202	10	-2.97	-2.97	NOUN
ajeer-229	202	11	0.940	0.940	NUM
ajeer-229	202	12	2704	2704	NUM
ajeer-229	202	13	ambh	ambh	NOUN
ajeer-229	202	14	63	63	NUM
ajeer-229	202	15	0.704	0.704	NUM
ajeer-229	202	16	0.956	0.956	NUM
ajeer-229	202	17	2.18	2.18	NUM
ajeer-229	202	18	-2.96	-2.96	NUM
ajeer-229	202	19	0.880	0.880	NUM
ajeer-229	202	20	2705	2705	NUM
ajeer-229	202	21	leofoo	leofoo	NOUN
ajeer-229	202	22	32	32	NUM
ajeer-229	202	23	-0.415	-0.415	NUM
ajeer-229	202	24	2.565	2.565	NUM
ajeer-229	202	25	11.04	11.04	NUM
ajeer-229	202	26	-9.90	-9.90	PRON
ajeer-229	202	27	-0.695	-0.695	NUM
ajeer-229	202	28	2706	2706	NUM
ajeer-229	202	29	first	first	ADJ
ajeer-229	202	30	hotel	hotel	NOUN
ajeer-229	202	31	32	32	NUM
ajeer-229	202	32	1.668	1.668	NUM
ajeer-229	202	33	1.339	1.339	NUM
ajeer-229	202	34	8.71	8.71	NUM
ajeer-229	202	35	0.67	0.67	NUM
ajeer-229	202	36	1.390	1.390	NUM
ajeer-229	202	37	2707	2707	NUM
ajeer-229	202	38	gfrt	gfrt	NOUN
ajeer-229	202	39	63	63	NUM
ajeer-229	202	40	6.645	6.645	NUM
ajeer-229	202	41	2.205	2.205	NUM
ajeer-229	202	42	11.13	11.13	NUM
ajeer-229	202	43	1.50	1.50	NUM
ajeer-229	202	44	6.700	6.700	NUM
ajeer-229	202	45	2712	2712	NUM
ajeer-229	202	46	fgh	fgh	NOUN
ajeer-229	202	47	11	11	NUM
ajeer-229	202	48	1.794	1.794	NUM
ajeer-229	202	49	1.782	1.782	NUM
ajeer-229	202	50	4.81	4.81	NUM
ajeer-229	202	51	-0.44	-0.44	NUM
ajeer-229	202	52	1.100	1.100	NUM
ajeer-229	202	53	2718	2718	NUM
ajeer-229	202	54	ph	ph	NOUN
ajeer-229	202	55	25	25	NUM
ajeer-229	202	56	1.220	1.220	NUM
ajeer-229	202	57	1.109	1.109	NUM
ajeer-229	202	58	2.99	2.99	NUM
ajeer-229	202	59	-1.62	-1.62	NUM
ajeer-229	202	60	1.160	1.160	NUM
ajeer-229	202	61	2722	2722	NUM
ajeer-229	202	62	chateau	chateau	NOUN
ajeer-229	202	63	21	21	NUM
ajeer-229	202	64	3.313	3.313	NUM
ajeer-229	202	65	3.335	3.335	NUM
ajeer-229	202	66	11.24	11.24	NUM
ajeer-229	202	67	-0.68	-0.68	PROPN
ajeer-229	202	68	3.060	3.060	NUM
ajeer-229	202	69	2724	2724	NUM
ajeer-229	202	70	fx	fx	NOUN
ajeer-229	202	71	hotels	hotel	NOUN
ajeer-229	202	72	21	21	NUM
ajeer-229	202	73	1.418	1.418	NUM
ajeer-229	202	74	3.958	3.958	NUM
ajeer-229	202	75	6.96	6.96	NUM
ajeer-229	202	76	-8.83	-8.83	NUM
ajeer-229	202	77	2.210	2.210	NUM
ajeer-229	202	78	5701	5701	NUM
ajeer-229	202	79	jfs	jfs	ADJ
ajeer-229	202	80	32	32	NUM
ajeer-229	202	81	-3.217	-3.217	NUM
ajeer-229	202	82	2.462	2.462	NUM
ajeer-229	202	83	2.47	2.47	NUM
ajeer-229	202	84	-11.24	-11.24	PROPN
ajeer-229	202	85	-3.300	-3.300	NUM
ajeer-229	202	86	5703	5703	NUM
ajeer-229	203	1	landis	landis	PROPN
ajeer-229	203	2	taipei	taipei	PROPN
ajeer-229	203	3	63	63	NUM
ajeer-229	203	4	0.612	0.612	NUM
ajeer-229	203	5	2.338	2.338	NUM
ajeer-229	203	6	4.48	4.48	NUM
ajeer-229	203	7	-11.76	-11.76	PROPN
ajeer-229	203	8	1.040	1.040	NUM
ajeer-229	203	9	5704	5704	NUM
ajeer-229	203	10	chihpen	chihpen	NOUN
ajeer-229	203	11	royal	royal	ADJ
ajeer-229	203	12	63	63	NUM
ajeer-229	203	13	1.192	1.192	NUM
ajeer-229	203	14	1.581	1.581	NUM
ajeer-229	203	15	4.19	4.19	NUM
ajeer-229	203	16	-3.83	-3.83	NUM
ajeer-229	203	17	1.300	1.300	NUM
ajeer-229	203	18	source	source	NOUN
ajeer-229	203	19	:	:	PUNCT
ajeer-229	203	20	taiwan	taiwan	PROPN
ajeer-229	203	21	economic	economic	PROPN
ajeer-229	203	22	journal	journal	PROPN
ajeer-229	203	23	(	(	PUNCT
ajeer-229	203	24	tej	tej	PROPN
ajeer-229	203	25	)	)	PUNCT
ajeer-229	203	26	.	.	PUNCT
ajeer-229	204	1	in	in	ADP
ajeer-229	204	2	table	table	NOUN
ajeer-229	204	3	1	1	NUM
ajeer-229	204	4	,	,	PUNCT
ajeer-229	204	5	we	we	PRON
ajeer-229	204	6	may	may	AUX
ajeer-229	204	7	find	find	VERB
ajeer-229	204	8	that	that	SCONJ
ajeer-229	204	9	the	the	DET
ajeer-229	204	10	formosa	formosa	PROPN
ajeer-229	204	11	international	international	PROPN
ajeer-229	204	12	hotels	hotel	NOUN
ajeer-229	204	13	corporation	corporation	NOUN
ajeer-229	204	14	(	(	PUNCT
ajeer-229	204	15	2707	2707	NUM
ajeer-229	204	16	)	)	PUNCT
ajeer-229	204	17	has	have	VERB
ajeer-229	204	18	the	the	DET
ajeer-229	204	19	highest	high	ADJ
ajeer-229	204	20	roa	roa	NOUN
ajeer-229	204	21	and	and	CCONJ
ajeer-229	204	22	roe	roe	PROPN
ajeer-229	204	23	,	,	PUNCT
ajeer-229	204	24	however	however	ADV
ajeer-229	204	25	,	,	PUNCT
ajeer-229	204	26	janfusun	janfusun	PROPN
ajeer-229	204	27	fancyworld	fancyworld	PROPN
ajeer-229	204	28	corp	corp	PROPN
ajeer-229	204	29	.	.	PROPN
ajeer-229	204	30	(	(	PUNCT
ajeer-229	204	31	5701	5701	NUM
ajeer-229	204	32	)	)	PUNCT
ajeer-229	204	33	has	have	VERB
ajeer-229	204	34	the	the	DET
ajeer-229	204	35	lowest	low	ADJ
ajeer-229	204	36	roa	roa	NOUN
ajeer-229	204	37	and	and	CCONJ
ajeer-229	204	38	roe	roe	PROPN
ajeer-229	204	39	.	.	PUNCT
ajeer-229	205	1	and	and	CCONJ
ajeer-229	205	2	except	except	SCONJ
ajeer-229	205	3	of	of	ADP
ajeer-229	205	4	janfusun	janfusun	PROPN
ajeer-229	205	5	fancyworld	fancyworld	PROPN
ajeer-229	205	6	corp	corp	PROPN
ajeer-229	205	7	.	.	PROPN
ajeer-229	205	8	and	and	CCONJ
ajeer-229	205	9	the	the	DET
ajeer-229	205	10	leofoo	leofoo	PROPN
ajeer-229	205	11	development	development	PROPN
ajeer-229	205	12	co.	co.	PROPN
ajeer-229	205	13	,	,	PUNCT
ajeer-229	205	14	ltd	ltd	PROPN
ajeer-229	205	15	.	.	PROPN
ajeer-229	205	16	(	(	PUNCT
ajeer-229	205	17	2705	2705	NUM
ajeer-229	205	18	)	)	PUNCT
ajeer-229	205	19	,	,	PUNCT
ajeer-229	205	20	the	the	DET
ajeer-229	205	21	others	other	NOUN
ajeer-229	205	22	are	be	AUX
ajeer-229	205	23	well	well	ADV
ajeer-229	205	24	-	-	PUNCT
ajeer-229	205	25	performed	perform	VERB
ajeer-229	205	26	since	since	SCONJ
ajeer-229	205	27	they	they	PRON
ajeer-229	205	28	all	all	PRON
ajeer-229	205	29	have	have	VERB
ajeer-229	205	30	a	a	DET
ajeer-229	205	31	positive	positive	ADJ
ajeer-229	205	32	average	average	ADJ
ajeer-229	205	33	roa	roa	NOUN
ajeer-229	205	34	or	or	CCONJ
ajeer-229	205	35	roe	roe	NOUN
ajeer-229	205	36	.	.	PUNCT
ajeer-229	206	1	moreover	moreover	ADV
ajeer-229	206	2	,	,	PUNCT
ajeer-229	206	3	the	the	DET
ajeer-229	206	4	ambassador	ambassador	PROPN
ajeer-229	206	5	hotel	hotel	PROPN
ajeer-229	206	6	ltd	ltd	PROPN
ajeer-229	206	7	.	.	PROPN
ajeer-229	206	8	(	(	PUNCT
ajeer-229	206	9	2704	2704	NUM
ajeer-229	206	10	)	)	PUNCT
ajeer-229	206	11	has	have	VERB
ajeer-229	206	12	the	the	DET
ajeer-229	206	13	lowest	low	ADJ
ajeer-229	206	14	volatility	volatility	NOUN
ajeer-229	206	15	of	of	ADP
ajeer-229	206	16	roa	roa	PROPN
ajeer-229	206	17	and	and	CCONJ
ajeer-229	206	18	roe	roe	PROPN
ajeer-229	206	19	.	.	PUNCT
ajeer-229	207	1	on	on	ADP
ajeer-229	207	2	the	the	DET
ajeer-229	207	3	other	other	ADJ
ajeer-229	207	4	hand	hand	NOUN
ajeer-229	207	5	,	,	PUNCT
ajeer-229	207	6	chateau	chateau	PROPN
ajeer-229	207	7	international	international	PROPN
ajeer-229	207	8	development	development	PROPN
ajeer-229	207	9	co.	co.	PROPN
ajeer-229	207	10	,	,	PUNCT
ajeer-229	207	11	ltd	ltd	PROPN
ajeer-229	207	12	.	.	PROPN
ajeer-229	207	13	(	(	PUNCT
ajeer-229	207	14	2722	2722	NUM
ajeer-229	207	15	)	)	PUNCT
ajeer-229	207	16	and	and	CCONJ
ajeer-229	207	17	the	the	DET
ajeer-229	207	18	fx	fx	PROPN
ajeer-229	207	19	hotels	hotels	PROPN
ajeer-229	207	20	group	group	PROPN
ajeer-229	207	21	inc	inc	PROPN
ajeer-229	207	22	.	.	PROPN
ajeer-229	207	23	(	(	PUNCT
ajeer-229	207	24	2724	2724	NUM
ajeer-229	207	25	-	-	SYM
ajeer-229	207	26	f	f	X
ajeer-229	207	27	)	)	PUNCT
ajeer-229	207	28	have	have	VERB
ajeer-229	207	29	the	the	DET
ajeer-229	207	30	highest	high	ADJ
ajeer-229	207	31	volatility	volatility	NOUN
ajeer-229	207	32	of	of	ADP
ajeer-229	207	33	roa	roa	PROPN
ajeer-229	207	34	and	and	CCONJ
ajeer-229	207	35	roe	roe	PROPN
ajeer-229	207	36	,	,	PUNCT
ajeer-229	207	37	respectively	respectively	ADV
ajeer-229	207	38	.	.	PUNCT
ajeer-229	208	1	it	it	PRON
ajeer-229	208	2	may	may	AUX
ajeer-229	208	3	result	result	VERB
ajeer-229	208	4	from	from	ADP
ajeer-229	208	5	the	the	DET
ajeer-229	208	6	shortest	short	ADJ
ajeer-229	208	7	listing	listing	NOUN
ajeer-229	208	8	data	datum	NOUN
ajeer-229	208	9	of	of	ADP
ajeer-229	208	10	these	these	DET
ajeer-229	208	11	two	two	NUM
ajeer-229	208	12	companies	company	NOUN
ajeer-229	208	13	.	.	PUNCT
ajeer-229	209	1	next	next	ADV
ajeer-229	209	2	,	,	PUNCT
ajeer-229	209	3	we	we	PRON
ajeer-229	209	4	collect	collect	VERB
ajeer-229	209	5	the	the	DET
ajeer-229	209	6	foreign	foreign	ADJ
ajeer-229	209	7	exchange	exchange	NOUN
ajeer-229	209	8	rates	rate	NOUN
ajeer-229	209	9	from	from	ADP
ajeer-229	209	10	the	the	DET
ajeer-229	209	11	website	website	NOUN
ajeer-229	209	12	of	of	ADP
ajeer-229	209	13	the	the	DET
ajeer-229	209	14	central	central	ADJ
ajeer-229	209	15	bank	bank	PROPN
ajeer-229	209	16	of	of	ADP
ajeer-229	209	17	taiwan	taiwan	PROPN
ajeer-229	209	18	.	.	PUNCT
ajeer-229	210	1	the	the	DET
ajeer-229	210	2	data	data	NOUN
ajeer-229	210	3	period	period	NOUN
ajeer-229	210	4	is	be	AUX
ajeer-229	210	5	from	from	ADP
ajeer-229	210	6	2000	2000	NUM
ajeer-229	210	7	to	to	ADP
ajeer-229	210	8	2015	2015	NUM
ajeer-229	210	9	.	.	PUNCT
ajeer-229	211	1	and	and	CCONJ
ajeer-229	211	2	then	then	ADV
ajeer-229	211	3	calculate	calculate	VERB
ajeer-229	211	4	the	the	DET
ajeer-229	211	5	quarterly	quarterly	ADJ
ajeer-229	211	6	and	and	CCONJ
ajeer-229	211	7	monthly	monthly	ADJ
ajeer-229	211	8	percentage	percentage	NOUN
ajeer-229	211	9	change	change	NOUN
ajeer-229	211	10	of	of	ADP
ajeer-229	211	11	exchange	exchange	NOUN
ajeer-229	211	12	rates	rate	NOUN
ajeer-229	211	13	for	for	ADP
ajeer-229	211	14	the	the	DET
ajeer-229	211	15	currencies	currency	NOUN
ajeer-229	211	16	against	against	ADP
ajeer-229	211	17	to	to	ADP
ajeer-229	211	18	the	the	DET
ajeer-229	211	19	nt	nt	ADJ
ajeer-229	211	20	dollars	dollar	NOUN
ajeer-229	211	21	(	(	PUNCT
ajeer-229	211	22	ntd	ntd	PROPN
ajeer-229	211	23	)	)	PUNCT
ajeer-229	211	24	according	accord	VERB
ajeer-229	211	25	to	to	ADP
ajeer-229	211	26	the	the	DET
ajeer-229	211	27	equation	equation	NOUN
ajeer-229	211	28	(	(	PUNCT
ajeer-229	211	29	13	13	NUM
ajeer-229	211	30	)	)	PUNCT
ajeer-229	211	31	.	.	PUNCT
ajeer-229	212	1	table	table	NOUN
ajeer-229	212	2	2	2	NUM
ajeer-229	212	3	shows	show	VERB
ajeer-229	212	4	the	the	DET
ajeer-229	212	5	descriptive	descriptive	ADJ
ajeer-229	212	6	statistics	statistic	NOUN
ajeer-229	212	7	of	of	ADP
ajeer-229	212	8	the	the	DET
ajeer-229	212	9	monthly	monthly	ADJ
ajeer-229	212	10	change	change	NOUN
ajeer-229	212	11	of	of	ADP
ajeer-229	212	12	foreign	foreign	ADJ
ajeer-229	212	13	exchange	exchange	NOUN
ajeer-229	212	14	rates	rate	NOUN
ajeer-229	212	15	.	.	PUNCT
ajeer-229	213	1	table-2	table-2	NUM
ajeer-229	213	2	.	.	PUNCT
ajeer-229	213	3	descriptive	descriptive	ADJ
ajeer-229	213	4	statistics	statistic	NOUN
ajeer-229	213	5	of	of	ADP
ajeer-229	213	6	the	the	DET
ajeer-229	213	7	monthly	monthly	ADJ
ajeer-229	213	8	change	change	NOUN
ajeer-229	213	9	of	of	ADP
ajeer-229	213	10	exchange	exchange	NOUN
ajeer-229	213	11	rates	rate	NOUN
ajeer-229	213	12	.	.	PUNCT
ajeer-229	214	1	monthly	monthly	ADJ
ajeer-229	214	2	change	change	NOUN
ajeer-229	214	3	(	(	PUNCT
ajeer-229	214	4	%	%	INTJ
ajeer-229	214	5	)	)	PUNCT
ajeer-229	214	6	mean	mean	PROPN
ajeer-229	214	7	std	std	PROPN
ajeer-229	214	8	.	.	PROPN
ajeer-229	214	9	dev	dev	PROPN
ajeer-229	214	10	.	.	PUNCT
ajeer-229	215	1	max	max	PROPN
ajeer-229	215	2	min	min	PROPN
ajeer-229	215	3	median	median	PROPN
ajeer-229	215	4	cv	cv	PROPN
ajeer-229	215	5	usd	usd	NOUN
ajeer-229	215	6	0.0280	0.0280	NUM
ajeer-229	215	7	1.1865	1.1865	NUM
ajeer-229	215	8	3.3313	3.3313	NUM
ajeer-229	215	9	-3.5798	-3.5798	NOUN
ajeer-229	216	1	0.0232	0.0232	NUM
ajeer-229	216	2	42.3750	42.3750	NUM
ajeer-229	216	3	jpy	jpy	PROPN
ajeer-229	216	4	-0.0353	-0.0353	PROPN
ajeer-229	216	5	2.3233	2.3233	NUM
ajeer-229	216	6	8.8309	8.8309	NUM
ajeer-229	216	7	-6.0498	-6.0498	NOUN
ajeer-229	216	8	-0.2280	-0.2280	NOUN
ajeer-229	216	9	-65.8159	-65.8159	PUNCT
ajeer-229	216	10	gbp	gbp	PROPN
ajeer-229	216	11	0.0135	0.0135	NUM
ajeer-229	216	12	1.9269	1.9269	NUM
ajeer-229	216	13	5.7608	5.7608	NUM
ajeer-229	216	14	-8.0517	-8.0517	NOUN
ajeer-229	216	15	0.0901	0.0901	PROPN
ajeer-229	216	16	142.7333	142.7333	NUM
ajeer-229	216	17	cny	cny	NOUN
ajeer-229	216	18	0.1664	0.1664	NUM
ajeer-229	216	19	1.1449	1.1449	NUM
ajeer-229	216	20	3.0715	3.0715	NUM
ajeer-229	216	21	-3.4686	-3.4686	NOUN
ajeer-229	216	22	0.1749	0.1749	NUM
ajeer-229	216	23	6.8804	6.8804	NUM
ajeer-229	216	24	eur	eur	NOUN
ajeer-229	216	25	0.1016	0.1016	NUM
ajeer-229	216	26	2.2251	2.2251	NUM
ajeer-229	216	27	7.1016	7.1016	NUM
ajeer-229	216	28	-5.2660	-5.2660	NOUN
ajeer-229	217	1	0.2209	0.2209	NUM
ajeer-229	217	2	21.9006	21.9006	NUM
ajeer-229	217	3	hkd	hkd	PROPN
ajeer-229	217	4	0.0294	0.0294	NUM
ajeer-229	217	5	1.1841	1.1841	NUM
ajeer-229	217	6	3.3179	3.3179	NUM
ajeer-229	217	7	-3.5798	-3.5798	NOUN
ajeer-229	217	8	0.0205	0.0205	NUM
ajeer-229	217	9	40.2755	40.2755	NUM
ajeer-229	217	10	krw	krw	PROPN
ajeer-229	217	11	0.0170	0.0170	NUM
ajeer-229	217	12	1.8737	1.8737	NUM
ajeer-229	217	13	6.7195	6.7195	NUM
ajeer-229	217	14	-12.3726	-12.3726	SYM
ajeer-229	217	15	0.2496	0.2496	NUM
ajeer-229	217	16	110.2176	110.2176	NUM
ajeer-229	217	17	cad	cad	NOUN
ajeer-229	217	18	0.0940	0.0940	NUM
ajeer-229	217	19	1.8282	1.8282	NUM
ajeer-229	217	20	5.0170	5.0170	NUM
ajeer-229	217	21	-8.6264	-8.6264	NOUN
ajeer-229	217	22	0.0351	0.0351	NOUN
ajeer-229	217	23	19.4489	19.4489	NUM
ajeer-229	217	24	sgd	sgd	NOUN
ajeer-229	217	25	0.1155	0.1155	NUM
ajeer-229	217	26	0.9621	0.9621	NUM
ajeer-229	218	1	3.0253	3.0253	NUM
ajeer-229	218	2	-3.4506	-3.4506	NOUN
ajeer-229	218	3	0.1384	0.1384	NUM
ajeer-229	218	4	8.3299	8.3299	NUM
ajeer-229	218	5	aud	aud	NOUN
ajeer-229	218	6	0.1074	0.1074	NUM
ajeer-229	218	7	2.6040	2.6040	NUM
ajeer-229	218	8	6.9746	6.9746	NUM
ajeer-229	218	9	-13.5568	-13.5568	NUM
ajeer-229	218	10	0.2725	0.2725	NUM
ajeer-229	218	11	24.2458	24.2458	NUM
ajeer-229	218	12	idr	idr	PROPN
ajeer-229	218	13	-0.3005	-0.3005	NOUN
ajeer-229	218	14	3.1096	3.1096	NUM
ajeer-229	218	15	20.7023	20.7023	NUM
ajeer-229	218	16	-13.5534	-13.5534	NUM
ajeer-229	218	17	-0.2083	-0.2083	NOUN
ajeer-229	218	18	-10.3481	-10.3481	NUM
ajeer-229	218	19	thb	thb	PROPN
ajeer-229	218	20	0.0602	0.0602	NUM
ajeer-229	218	21	1.2869	1.2869	NUM
ajeer-229	218	22	3.6022	3.6022	NUM
ajeer-229	218	23	-4.5300	-4.5300	VERB
ajeer-229	218	24	0.0806	0.0806	NUM
ajeer-229	218	25	21.3771	21.3771	NUM
ajeer-229	218	26	myr	myr	NOUN
ajeer-229	218	27	-0.0366	-0.0366	NUM
ajeer-229	219	1	1.2266	1.2266	NUM
ajeer-229	219	2	3.0689	3.0689	NUM
ajeer-229	219	3	-4.0603	-4.0603	NOUN
ajeer-229	219	4	-0.0825	-0.0825	NOUN
ajeer-229	219	5	-33.5137	-33.5137	PUNCT
ajeer-229	219	6	php	php	PROPN
ajeer-229	219	7	-0.0412	-0.0412	PROPN
ajeer-229	219	8	1.5530	1.5530	NUM
ajeer-229	219	9	4.3555	4.3555	NUM
ajeer-229	219	10	-4.5580	-4.5580	ADJ
ajeer-229	219	11	-0.1633	-0.1633	NOUN
ajeer-229	219	12	-37.6942	-37.6942	PUNCT
ajeer-229	219	13	source	source	NOUN
ajeer-229	219	14	:	:	PUNCT
ajeer-229	219	15	central	central	ADJ
ajeer-229	219	16	bank	bank	PROPN
ajeer-229	219	17	of	of	ADP
ajeer-229	219	18	taiwan	taiwan	PROPN
ajeer-229	219	19	.	.	PUNCT
ajeer-229	220	1	http://www.cbc.gov.tw/content.asp?mp=1&cuitem=36599	http://www.cbc.gov.tw/content.asp?mp=1&cuitem=36599	PROPN
ajeer-229	220	2	.	.	PUNCT
ajeer-229	221	1	in	in	ADP
ajeer-229	221	2	table	table	NOUN
ajeer-229	221	3	2	2	NUM
ajeer-229	221	4	,	,	PUNCT
ajeer-229	221	5	the	the	DET
ajeer-229	221	6	lowest	low	ADJ
ajeer-229	221	7	percentage	percentage	NOUN
ajeer-229	221	8	change	change	NOUN
ajeer-229	221	9	(	(	PUNCT
ajeer-229	221	10	0.96	0.96	NUM
ajeer-229	221	11	%	%	NOUN
ajeer-229	221	12	)	)	PUNCT
ajeer-229	221	13	of	of	ADP
ajeer-229	221	14	the	the	DET
ajeer-229	221	15	exchange	exchange	NOUN
ajeer-229	221	16	rate	rate	NOUN
ajeer-229	221	17	is	be	AUX
ajeer-229	221	18	the	the	DET
ajeer-229	221	19	singapore	singapore	PROPN
ajeer-229	221	20	dollar	dollar	PROPN
ajeer-229	221	21	exchange	exchange	NOUN
ajeer-229	221	22	rate	rate	NOUN
ajeer-229	221	23	against	against	ADP
ajeer-229	221	24	to	to	PART
ajeer-229	221	25	nt	not	PART
ajeer-229	221	26	dollar	dollar	VERB
ajeer-229	221	27	and	and	CCONJ
ajeer-229	221	28	has	have	VERB
ajeer-229	221	29	the	the	DET
ajeer-229	221	30	highest	high	ADJ
ajeer-229	221	31	percentage	percentage	NOUN
ajeer-229	221	32	change	change	NOUN
ajeer-229	221	33	(	(	PUNCT
ajeer-229	221	34	3.11	3.11	NUM
ajeer-229	221	35	%	%	NOUN
ajeer-229	221	36	)	)	PUNCT
ajeer-229	221	37	of	of	ADP
ajeer-229	221	38	the	the	DET
ajeer-229	221	39	exchange	exchange	NOUN
ajeer-229	221	40	rate	rate	NOUN
ajeer-229	221	41	is	be	AUX
ajeer-229	221	42	the	the	DET
ajeer-229	221	43	indonesian	indonesian	ADJ
ajeer-229	221	44	rupiah	rupiah	PROPN
ajeer-229	221	45	exchange	exchange	PROPN
ajeer-229	221	46	rate	rate	NOUN
ajeer-229	221	47	against	against	ADP
ajeer-229	221	48	to	to	ADP
ajeer-229	221	49	nt	not	PART
ajeer-229	221	50	dollar	dollar	NOUN
ajeer-229	221	51	.	.	PUNCT
ajeer-229	222	1	since	since	SCONJ
ajeer-229	222	2	indonesian	indonesian	PROPN
ajeer-229	222	3	rupiah	rupiah	PROPN
ajeer-229	222	4	has	have	VERB
ajeer-229	222	5	a	a	DET
ajeer-229	222	6	maximum	maximum	ADJ
ajeer-229	222	7	appreciation	appreciation	NOUN
ajeer-229	222	8	(	(	PUNCT
ajeer-229	222	9	20.70	20.70	NUM
ajeer-229	222	10	%	%	NOUN
ajeer-229	222	11	)	)	PUNCT
ajeer-229	222	12	and	and	CCONJ
ajeer-229	222	13	minimum	minimum	ADJ
ajeer-229	222	14	depreciation	depreciation	NOUN
ajeer-229	222	15	(	(	PUNCT
ajeer-229	222	16	13.56	13.56	NUM
ajeer-229	222	17	%	%	NOUN
ajeer-229	222	18	)	)	PUNCT
ajeer-229	222	19	against	against	ADP
ajeer-229	222	20	to	to	PART
ajeer-229	222	21	nt	not	PART
ajeer-229	222	22	dollar	dollar	NOUN
ajeer-229	222	23	.	.	PUNCT
ajeer-229	223	1	moreover	moreover	ADV
ajeer-229	223	2	,	,	PUNCT
ajeer-229	223	3	the	the	DET
ajeer-229	223	4	coefficient	coefficient	NOUN
ajeer-229	223	5	of	of	ADP
ajeer-229	223	6	variation	variation	NOUN
ajeer-229	223	7	,	,	PUNCT
ajeer-229	223	8	a	a	DET
ajeer-229	223	9	nominal	nominal	ADJ
ajeer-229	223	10	measurement	measurement	NOUN
ajeer-229	223	11	,	,	PUNCT
ajeer-229	223	12	is	be	AUX
ajeer-229	223	13	also	also	ADV
ajeer-229	223	14	reported	report	VERB
ajeer-229	223	15	in	in	ADP
ajeer-229	223	16	table	table	NOUN
ajeer-229	223	17	2	2	NUM
ajeer-229	223	18	.	.	PUNCT
ajeer-229	224	1	the	the	DET
ajeer-229	224	2	standard	standard	ADJ
ajeer-229	224	3	deviation	deviation	NOUN
ajeer-229	224	4	of	of	ADP
ajeer-229	224	5	data	datum	NOUN
ajeer-229	224	6	describes	describe	VERB
ajeer-229	224	7	the	the	DET
ajeer-229	224	8	dispersion	dispersion	NOUN
ajeer-229	224	9	of	of	ADP
ajeer-229	224	10	the	the	DET
ajeer-229	224	11	data	datum	NOUN
ajeer-229	224	12	away	away	ADV
ajeer-229	224	13	from	from	ADP
ajeer-229	224	14	the	the	DET
ajeer-229	224	15	mean	mean	NOUN
ajeer-229	224	16	,	,	PUNCT
ajeer-229	224	17	in	in	ADP
ajeer-229	224	18	contrast	contrast	NOUN
ajeer-229	224	19	,	,	PUNCT
ajeer-229	224	20	the	the	DET
ajeer-229	224	21	coefficient	coefficient	NOUN
ajeer-229	224	22	of	of	ADP
ajeer-229	224	23	variation	variation	NOUN
ajeer-229	224	24	is	be	AUX
ajeer-229	224	25	the	the	DET
ajeer-229	224	26	multiple	multiple	NOUN
ajeer-229	224	27	of	of	ADP
ajeer-229	224	28	the	the	DET
ajeer-229	224	29	standard	standard	ADJ
ajeer-229	224	30	deviation	deviation	NOUN
ajeer-229	224	31	to	to	ADP
ajeer-229	224	32	the	the	DET
ajeer-229	224	33	mean	mean	ADJ
ajeer-229	224	34	,	,	PUNCT
ajeer-229	224	35	i.e.	i.e.	X
ajeer-229	224	36	,	,	PUNCT
ajeer-229	224	37			NOUN
ajeer-229	224	38			PROPN
ajeer-229	224	39	cv	cv	NOUN
ajeer-229	224	40	.	.	PUNCT
ajeer-229	225	1	for	for	ADP
ajeer-229	225	2	comparison	comparison	NOUN
ajeer-229	225	3	between	between	ADP
ajeer-229	225	4	data	datum	NOUN
ajeer-229	225	5	sets	set	NOUN
ajeer-229	225	6	with	with	ADP
ajeer-229	225	7	different	different	ADJ
ajeer-229	225	8	units	unit	NOUN
ajeer-229	225	9	or	or	CCONJ
ajeer-229	225	10	widely	widely	ADV
ajeer-229	225	11	different	different	ADJ
ajeer-229	225	12	means	mean	NOUN
ajeer-229	225	13	,	,	PUNCT
ajeer-229	225	14	we	we	PRON
ajeer-229	225	15	may	may	AUX
ajeer-229	225	16	use	use	VERB
ajeer-229	225	17	the	the	DET
ajeer-229	225	18	coefficient	coefficient	NOUN
ajeer-229	225	19	of	of	ADP
ajeer-229	225	20	variation	variation	NOUN
ajeer-229	225	21	instead	instead	ADV
ajeer-229	225	22	of	of	ADP
ajeer-229	225	23	the	the	DET
ajeer-229	225	24	standard	standard	ADJ
ajeer-229	225	25	deviation	deviation	NOUN
ajeer-229	225	26	.	.	PUNCT
ajeer-229	226	1	and	and	CCONJ
ajeer-229	226	2	,	,	PUNCT
ajeer-229	226	3	as	as	SCONJ
ajeer-229	226	4	described	describe	VERB
ajeer-229	226	5	in	in	ADP
ajeer-229	226	6	scheel	scheel	PROPN
ajeer-229	226	7	(	(	PUNCT
ajeer-229	226	8	1978	1978	NUM
ajeer-229	226	9	)	)	PUNCT
ajeer-229	226	10	the	the	DET
ajeer-229	226	11	coefficient	coefficient	NOUN
ajeer-229	226	12	of	of	ADP
ajeer-229	226	13	variation	variation	NOUN
ajeer-229	226	14	can	can	AUX
ajeer-229	226	15	also	also	ADV
ajeer-229	226	16	be	be	AUX
ajeer-229	226	17	a	a	DET
ajeer-229	226	18	measure	measure	NOUN
ajeer-229	226	19	of	of	ADP
ajeer-229	226	20	relative	relative	ADJ
ajeer-229	226	21	risk	risk	NOUN
ajeer-229	226	22	in	in	ADP
ajeer-229	226	23	the	the	DET
ajeer-229	226	24	elementary	elementary	ADJ
ajeer-229	226	25	risk	risk	NOUN
ajeer-229	226	26	and	and	CCONJ
ajeer-229	226	27	insurance	insurance	NOUN
ajeer-229	226	28	.	.	PUNCT
ajeer-229	227	1	such	such	ADJ
ajeer-229	227	2	that	that	PRON
ajeer-229	227	3	,	,	PUNCT
ajeer-229	227	4	an	an	DET
ajeer-229	227	5	asset	asset	NOUN
ajeer-229	227	6	with	with	ADP
ajeer-229	227	7	lower	low	ADJ
ajeer-229	227	8	value	value	NOUN
ajeer-229	227	9	of	of	ADP
ajeer-229	227	10	coefficient	coefficient	NOUN
ajeer-229	227	11	of	of	ADP
ajeer-229	227	12	variation	variation	NOUN
ajeer-229	227	13	means	mean	VERB
ajeer-229	227	14	either	either	CCONJ
ajeer-229	227	15	a	a	DET
ajeer-229	227	16	lower	low	ADJ
ajeer-229	227	17	-	-	PUNCT
ajeer-229	227	18	risk	risk	NOUN
ajeer-229	227	19	asset	asset	NOUN
ajeer-229	227	20	among	among	ADP
ajeer-229	227	21	that	that	PRON
ajeer-229	227	22	of	of	ADP
ajeer-229	227	23	the	the	DET
ajeer-229	227	24	same	same	ADJ
ajeer-229	227	25	return	return	NOUN
ajeer-229	227	26	or	or	CCONJ
ajeer-229	227	27	a	a	DET
ajeer-229	227	28	higher	high	ADJ
ajeer-229	227	29	-	-	PUNCT
ajeer-229	227	30	return	return	NOUN
ajeer-229	227	31	asset	asset	NOUN
ajeer-229	227	32	among	among	ADP
ajeer-229	227	33	that	that	PRON
ajeer-229	227	34	of	of	ADP
ajeer-229	227	35	same	same	ADJ
ajeer-229	227	36	level	level	NOUN
ajeer-229	227	37	of	of	ADP
ajeer-229	227	38	risk	risk	NOUN
ajeer-229	227	39	.	.	PUNCT
ajeer-229	228	1	as	as	SCONJ
ajeer-229	228	2	shown	show	VERB
ajeer-229	228	3	in	in	ADP
ajeer-229	228	4	the	the	DET
ajeer-229	228	5	table	table	NOUN
ajeer-229	228	6	2	2	NUM
ajeer-229	228	7	,	,	PUNCT
ajeer-229	228	8	china	china	PROPN
ajeer-229	228	9	yuan	yuan	PROPN
ajeer-229	228	10	(	(	PUNCT
ajeer-229	228	11	cny	cny	PROPN
ajeer-229	228	12	)	)	PUNCT
ajeer-229	228	13	and	and	CCONJ
ajeer-229	228	14	singapore	singapore	PROPN
ajeer-229	228	15	dollar	dollar	PROPN
ajeer-229	228	16	(	(	PUNCT
ajeer-229	228	17	sgd	sgd	PROPN
ajeer-229	228	18	)	)	PUNCT
ajeer-229	228	19	has	have	VERB
ajeer-229	228	20	lower	low	ADJ
ajeer-229	228	21	coefficient	coefficient	NOUN
ajeer-229	228	22	of	of	ADP
ajeer-229	228	23	variation	variation	NOUN
ajeer-229	228	24	,	,	PUNCT
ajeer-229	228	25	6.8804	6.8804	NUM
ajeer-229	228	26	and	and	CCONJ
ajeer-229	228	27	8.3299	8.3299	NUM
ajeer-229	228	28	,	,	PUNCT
ajeer-229	228	29	respectively	respectively	ADV
ajeer-229	228	30	,	,	PUNCT
ajeer-229	228	31	and	and	CCONJ
ajeer-229	228	32	great	great	ADJ
ajeer-229	228	33	british	british	ADJ
ajeer-229	228	34	pound	pound	NOUN
ajeer-229	228	35	and	and	CCONJ
ajeer-229	228	36	korean	korean	ADJ
ajeer-229	228	37	won	won	NOUN
ajeer-229	228	38	has	have	VERB
ajeer-229	228	39	higher	high	ADJ
ajeer-229	228	40	coefficient	coefficient	NOUN
ajeer-229	228	41	of	of	ADP
ajeer-229	228	42	variation	variation	NOUN
ajeer-229	228	43	.	.	PUNCT
ajeer-229	229	1	it	it	PRON
ajeer-229	229	2	means	mean	VERB
ajeer-229	229	3	that	that	SCONJ
ajeer-229	229	4	both	both	CCONJ
ajeer-229	229	5	great	great	ADJ
ajeer-229	229	6	british	british	ADJ
ajeer-229	229	7	pound	pound	NOUN
ajeer-229	229	8	and	and	CCONJ
ajeer-229	229	9	korean	korean	ADJ
ajeer-229	229	10	won	won	NOUN
ajeer-229	229	11	are	be	AUX
ajeer-229	229	12	either	either	CCONJ
ajeer-229	229	13	high	high	ADJ
ajeer-229	229	14	-	-	PUNCT
ajeer-229	229	15	risk	risk	NOUN
ajeer-229	229	16	or	or	CCONJ
ajeer-229	229	17	low	low	ADJ
ajeer-229	229	18	-	-	PUNCT
ajeer-229	229	19	return	return	NOUN
ajeer-229	229	20	.	.	PUNCT
ajeer-229	230	1	3.1	3.1	NUM
ajeer-229	230	2	.	.	PUNCT
ajeer-229	230	3	empirical	empirical	ADJ
ajeer-229	230	4	results	result	NOUN
ajeer-229	230	5	and	and	CCONJ
ajeer-229	230	6	analysis	analysis	NOUN
ajeer-229	230	7	first	first	ADV
ajeer-229	230	8	,	,	PUNCT
ajeer-229	230	9	we	we	PRON
ajeer-229	230	10	have	have	VERB
ajeer-229	230	11	to	to	PART
ajeer-229	230	12	test	test	VERB
ajeer-229	230	13	whether	whether	SCONJ
ajeer-229	230	14	the	the	DET
ajeer-229	230	15	series	series	NOUN
ajeer-229	230	16	of	of	ADP
ajeer-229	230	17	performance	performance	NOUN
ajeer-229	230	18	is	be	AUX
ajeer-229	230	19	stationary	stationary	ADJ
ajeer-229	230	20	or	or	CCONJ
ajeer-229	230	21	not	not	PART
ajeer-229	230	22	.	.	PUNCT
ajeer-229	231	1	that	that	PRON
ajeer-229	231	2	is	is	ADV
ajeer-229	231	3	,	,	PUNCT
ajeer-229	231	4	we	we	PRON
ajeer-229	231	5	should	should	AUX
ajeer-229	231	6	test	test	VERB
ajeer-229	231	7	the	the	DET
ajeer-229	231	8	null	null	ADJ
ajeer-229	231	9	hypothesis	hypothesis	NOUN
ajeer-229	231	10	that	that	PRON
ajeer-229	231	11	it	it	PRON
ajeer-229	231	12	has	have	VERB
ajeer-229	231	13	a	a	DET
ajeer-229	231	14	unit	unit	NOUN
ajeer-229	231	15	root	root	NOUN
ajeer-229	231	16	.	.	PUNCT
ajeer-229	232	1	in	in	ADP
ajeer-229	232	2	tsay	tsay	PROPN
ajeer-229	232	3	(	(	PUNCT
ajeer-229	232	4	2005	2005	NUM
ajeer-229	232	5	)	)	PUNCT
ajeer-229	232	6	he	he	PRON
ajeer-229	232	7	indicated	indicate	VERB
ajeer-229	232	8	that	that	SCONJ
ajeer-229	232	9	the	the	DET
ajeer-229	232	10	fundamental	fundamental	ADJ
ajeer-229	232	11	time	time	NOUN
ajeer-229	232	12	series	series	PROPN
ajeer-229	232	13	analysis	analysis	NOUN
ajeer-229	232	14	is	be	AUX
ajeer-229	232	15	stationarity	stationarity	NOUN
ajeer-229	232	16	.	.	PUNCT
ajeer-229	233	1	a	a	DET
ajeer-229	233	2	time	time	NOUN
ajeer-229	233	3	series	series	NOUN
ajeer-229	233	4	ty	ty	NOUN
ajeer-229	233	5	is	be	AUX
ajeer-229	233	6	said	say	VERB
ajeer-229	233	7	to	to	PART
ajeer-229	233	8	be	be	AUX
ajeer-229	233	9	strictly	strictly	ADV
ajeer-229	233	10	stationary	stationary	ADJ
ajeer-229	233	11	if	if	SCONJ
ajeer-229	233	12	the	the	DET
ajeer-229	233	13	joint	joint	ADJ
ajeer-229	233	14	distribution	distribution	NOUN
ajeer-229	233	15	of	of	ADP
ajeer-229	233	16			PROPN
ajeer-229	233	17			NOUN
ajeer-229	233	18	kttt	kttt	PROPN
ajeer-229	233	19	yyy	yyy	PROPN
ajeer-229	233	20	,	,	PUNCT
ajeer-229	233	21	,	,	PUNCT
ajeer-229	233	22	,	,	PUNCT
ajeer-229	233	23			NOUN
ajeer-229	233	24	21	21	NUM
ajeer-229	233	25	is	be	AUX
ajeer-229	233	26	identical	identical	ADJ
ajeer-229	233	27	to	to	ADP
ajeer-229	233	28	that	that	PRON
ajeer-229	233	29	of	of	ADP
ajeer-229	233	30			NOUN
ajeer-229	233	31			ADP
ajeer-229	233	32	ststst	ststst	VERB
ajeer-229	233	33	k	k	PROPN
ajeer-229	233	34	yyy	yyy	PROPN
ajeer-229	233	35	,	,	PUNCT
ajeer-229	233	36	,	,	PUNCT
ajeer-229	233	37	,	,	PUNCT
ajeer-229	233	38			NOUN
ajeer-229	233	39	21	21	NUM
ajeer-229	233	40	for	for	ADP
ajeer-229	233	41	all	all	DET
ajeer-229	233	42	k	k	NOUN
ajeer-229	233	43	,	,	PUNCT
ajeer-229	233	44	where	where	SCONJ
ajeer-229	233	45	s	s	NOUN
ajeer-229	233	46	is	be	AUX
ajeer-229	233	47	an	an	DET
ajeer-229	233	48	arbitrary	arbitrary	ADJ
ajeer-229	233	49	positive	positive	ADJ
ajeer-229	233	50	integer	integer	NOUN
ajeer-229	233	51	.	.	PUNCT
ajeer-229	234	1	in	in	ADP
ajeer-229	234	2	other	other	ADJ
ajeer-229	234	3	words	word	NOUN
ajeer-229	234	4	,	,	PUNCT
ajeer-229	234	5	strict	strict	ADJ
ajeer-229	234	6	stationarity	stationarity	NOUN
ajeer-229	234	7	requires	require	VERB
ajeer-229	234	8	that	that	SCONJ
ajeer-229	234	9	the	the	DET
ajeer-229	234	10	joint	joint	ADJ
ajeer-229	234	11	distribution	distribution	NOUN
ajeer-229	234	12	of	of	ADP
ajeer-229	234	13			PROPN
ajeer-229	234	14			NOUN
ajeer-229	234	15	kttt	kttt	PROPN
ajeer-229	234	16	yyy	yyy	PROPN
ajeer-229	234	17	,	,	PUNCT
ajeer-229	234	18	,	,	PUNCT
ajeer-229	234	19	,	,	PUNCT
ajeer-229	234	20			NOUN
ajeer-229	234	21	21	21	NUM
ajeer-229	234	22	is	be	AUX
ajeer-229	234	23	invariant	invariant	ADJ
ajeer-229	234	24	under	under	ADP
ajeer-229	234	25	time	time	NOUN
ajeer-229	234	26	shift	shift	NOUN
ajeer-229	234	27	.	.	PUNCT
ajeer-229	235	1	http://www.cbc.gov.tw/content.asp?mp=1&cuitem=36599	http://www.cbc.gov.tw/content.asp?mp=1&cuitem=36599	NUM
ajeer-229	235	2	asian	asian	ADJ
ajeer-229	235	3	journal	journal	NOUN
ajeer-229	235	4	of	of	ADP
ajeer-229	235	5	economics	economic	NOUN
ajeer-229	235	6	and	and	CCONJ
ajeer-229	235	7	empirical	empirical	ADJ
ajeer-229	235	8	research	research	NOUN
ajeer-229	235	9	,	,	PUNCT
ajeer-229	235	10	2017	2017	NUM
ajeer-229	235	11	,	,	PUNCT
ajeer-229	235	12	4(1	4(1	NOUN
ajeer-229	235	13	):	):	PUNCT
ajeer-229	235	14	32	32	NUM
ajeer-229	235	15	-	-	SYM
ajeer-229	235	16	48	48	NUM
ajeer-229	235	17	39	39	NUM
ajeer-229	235	18	table-3	table-3	NUM
ajeer-229	235	19	.	.	PUNCT
ajeer-229	236	1	the	the	DET
ajeer-229	236	2	stationarity	stationarity	NOUN
ajeer-229	236	3	test	test	NOUN
ajeer-229	236	4	results	result	NOUN
ajeer-229	236	5	of	of	ADP
ajeer-229	236	6	company‟s	company‟s	NOUN
ajeer-229	236	7	performances	performance	NOUN
ajeer-229	236	8	.	.	PUNCT
ajeer-229	237	1	series	series	PROPN
ajeer-229	237	2	obs	obs	PROPN
ajeer-229	237	3	.	.	PUNCT
ajeer-229	238	1	adf	adf	PROPN
ajeer-229	238	2	test	test	NOUN
ajeer-229	238	3	statistic	statistic	NOUN
ajeer-229	238	4	p	p	NOUN
ajeer-229	238	5	-	-	PUNCT
ajeer-229	238	6	value	value	NOUN
ajeer-229	238	7	stationarity	stationarity	NOUN
ajeer-229	238	8	2702	2702	NUM
ajeer-229	238	9	hg	hg	PROPN
ajeer-229	238	10	roa	roa	PROPN
ajeer-229	238	11	56	56	NUM
ajeer-229	238	12	-1.539	-1.539	NOUN
ajeer-229	238	13	0.5140	0.5140	NUM
ajeer-229	238	14	non	non	ADJ
ajeer-229	238	15	-	-	ADJ
ajeer-229	238	16	stationary	stationary	ADJ
ajeer-229	238	17	troa	troa	PROPN
ajeer-229	238	18	61	61	NUM
ajeer-229	238	19	-14.607	-14.607	VERB
ajeer-229	238	20	0.0000	0.0000	NUM
ajeer-229	238	21	stationary	stationary	ADJ
ajeer-229	238	22	2704	2704	NUM
ajeer-229	238	23	ambh	ambh	NOUN
ajeer-229	238	24	roa	roa	PROPN
ajeer-229	238	25	56	56	NUM
ajeer-229	238	26	-2.884	-2.884	SYM
ajeer-229	238	27	0.0472	0.0472	NUM
ajeer-229	238	28	stationary	stationary	ADJ
ajeer-229	238	29	2705	2705	NUM
ajeer-229	238	30	leofoo	leofoo	NOUN
ajeer-229	238	31	roa	roa	NOUN
ajeer-229	238	32	56	56	NUM
ajeer-229	238	33	-2.158	-2.158	SYM
ajeer-229	238	34	0.2217	0.2217	NUM
ajeer-229	238	35	non	non	ADJ
ajeer-229	238	36	-	-	ADJ
ajeer-229	238	37	stationary	stationary	ADJ
ajeer-229	238	38	troa	troa	NOUN
ajeer-229	238	39	61	61	NUM
ajeer-229	238	40	-12.592	-12.592	NOUN
ajeer-229	238	41	0.0000	0.0000	NUM
ajeer-229	238	42	stationary	stationary	ADJ
ajeer-229	238	43	2706	2706	NUM
ajeer-229	238	44	first	first	ADJ
ajeer-229	238	45	hotel	hotel	NOUN
ajeer-229	238	46	roa	roa	PROPN
ajeer-229	238	47	56	56	NUM
ajeer-229	238	48	-2.312	-2.312	PROPN
ajeer-229	238	49	0.1683	0.1683	NUM
ajeer-229	238	50	non	non	ADJ
ajeer-229	238	51	-	-	ADJ
ajeer-229	238	52	stationary	stationary	ADJ
ajeer-229	238	53	troa	troa	NOUN
ajeer-229	238	54	61	61	NUM
ajeer-229	238	55	-17.520	-17.520	SYM
ajeer-229	238	56	0.0000	0.0000	NUM
ajeer-229	238	57	stationary	stationary	ADJ
ajeer-229	238	58	2707	2707	NUM
ajeer-229	238	59	gfrt	gfrt	NOUN
ajeer-229	238	60	roa	roa	NOUN
ajeer-229	238	61	56	56	NUM
ajeer-229	238	62	-2.640	-2.640	NOUN
ajeer-229	238	63	0.0849	0.0849	NUM
ajeer-229	238	64	non	non	ADJ
ajeer-229	238	65	-	-	ADJ
ajeer-229	238	66	stationary	stationary	ADJ
ajeer-229	238	67	troa	troa	NOUN
ajeer-229	238	68	61	61	NUM
ajeer-229	239	1	-12.541	-12.541	NUM
ajeer-229	239	2	0.0000	0.0000	NUM
ajeer-229	239	3	stationary	stationary	ADJ
ajeer-229	239	4	2712	2712	NUM
ajeer-229	239	5	fgh	fgh	NOUN
ajeer-229	239	6	troa	troa	NOUN
ajeer-229	239	7	9	9	NUM
ajeer-229	239	8	-3.466	-3.466	NOUN
ajeer-229	239	9	0.0089	0.0089	NUM
ajeer-229	239	10	stationary	stationary	ADJ
ajeer-229	239	11	2718	2718	NUM
ajeer-229	239	12	ph	ph	NOUN
ajeer-229	239	13	roa	roa	NOUN
ajeer-229	239	14	18	18	NUM
ajeer-229	239	15	-1.651	-1.651	NUM
ajeer-229	239	16	0.4567	0.4567	NUM
ajeer-229	239	17	non	non	ADJ
ajeer-229	239	18	-	-	ADJ
ajeer-229	239	19	stationary	stationary	ADJ
ajeer-229	239	20	troa	troa	NOUN
ajeer-229	239	21	23	23	NUM
ajeer-229	239	22	-9.001	-9.001	NOUN
ajeer-229	239	23	0.0000	0.0000	NUM
ajeer-229	239	24	stationary	stationary	ADJ
ajeer-229	239	25	2722	2722	NUM
ajeer-229	239	26	chateau	chateau	NOUN
ajeer-229	239	27	roa	roa	NOUN
ajeer-229	239	28	14	14	NUM
ajeer-229	239	29	-1.810	-1.810	NOUN
ajeer-229	239	30	0.3755	0.3755	NUM
ajeer-229	239	31	non	non	ADJ
ajeer-229	239	32	-	-	ADJ
ajeer-229	239	33	stationary	stationary	ADJ
ajeer-229	239	34	troa	troa	NOUN
ajeer-229	239	35	19	19	NUM
ajeer-229	239	36	-5.904	-5.904	SYM
ajeer-229	239	37	0.0000	0.0000	NUM
ajeer-229	239	38	stationary	stationary	ADJ
ajeer-229	239	39	2724	2724	NUM
ajeer-229	239	40	fx	fx	NOUN
ajeer-229	239	41	hotels	hotel	NOUN
ajeer-229	239	42	roa	roa	PROPN
ajeer-229	239	43	14	14	NUM
ajeer-229	239	44	0.025	0.025	NUM
ajeer-229	239	45	0.9606	0.9606	NUM
ajeer-229	239	46	non	non	ADJ
ajeer-229	239	47	-	-	ADJ
ajeer-229	239	48	stationary	stationary	ADJ
ajeer-229	239	49	troa	troa	NOUN
ajeer-229	239	50	19	19	NUM
ajeer-229	239	51	-5.816	-5.816	NUM
ajeer-229	239	52	0.0000	0.0000	NUM
ajeer-229	239	53	stationary	stationary	ADJ
ajeer-229	239	54	5701	5701	NUM
ajeer-229	239	55	jfs	jfs	ADJ
ajeer-229	239	56	roa	roa	PROPN
ajeer-229	239	57	56	56	NUM
ajeer-229	239	58	-1.476	-1.476	NOUN
ajeer-229	239	59	0.5452	0.5452	NUM
ajeer-229	239	60	non	non	ADJ
ajeer-229	239	61	-	-	ADJ
ajeer-229	239	62	stationary	stationary	ADJ
ajeer-229	239	63	troa	troa	NOUN
ajeer-229	239	64	61	61	NUM
ajeer-229	239	65	-11.789	-11.789	ADJ
ajeer-229	239	66	0.0000	0.0000	NUM
ajeer-229	239	67	stationary	stationary	ADJ
ajeer-229	239	68	5703	5703	NUM
ajeer-229	239	69	landis	landis	PROPN
ajeer-229	239	70	taipei	taipei	PROPN
ajeer-229	239	71	roa	roa	PROPN
ajeer-229	239	72	56	56	NUM
ajeer-229	239	73	-1.977	-1.977	NUM
ajeer-229	239	74	0.2967	0.2967	NUM
ajeer-229	239	75	non	non	ADJ
ajeer-229	239	76	-	-	ADJ
ajeer-229	239	77	stationary	stationary	ADJ
ajeer-229	239	78	troa	troa	NOUN
ajeer-229	239	79	61	61	NUM
ajeer-229	239	80	-10.758	-10.758	NUM
ajeer-229	239	81	0.0000	0.0000	NUM
ajeer-229	239	82	stationary	stationary	ADJ
ajeer-229	239	83	5704	5704	NUM
ajeer-229	239	84	chihpen	chihpen	NOUN
ajeer-229	239	85	royal	royal	PROPN
ajeer-229	239	86	roa	roa	PROPN
ajeer-229	239	87	56	56	NUM
ajeer-229	239	88	-1.421	-1.421	NUM
ajeer-229	239	89	0.5722	0.5722	NUM
ajeer-229	239	90	non	non	ADJ
ajeer-229	239	91	-	-	ADJ
ajeer-229	239	92	stationary	stationary	ADJ
ajeer-229	239	93	troa	troa	NOUN
ajeer-229	239	94	61	61	NUM
ajeer-229	239	95	-17.149	-17.149	PUNCT
ajeer-229	239	96	0.0000	0.0000	NUM
ajeer-229	239	97	stationary	stationary	ADJ
ajeer-229	239	98	source	source	NOUN
ajeer-229	239	99	:	:	PUNCT
ajeer-229	239	100	taiwan	taiwan	PROPN
ajeer-229	239	101	economic	economic	PROPN
ajeer-229	239	102	journal	journal	PROPN
ajeer-229	239	103	(	(	PUNCT
ajeer-229	239	104	tej	tej	PROPN
ajeer-229	239	105	)	)	PUNCT
ajeer-229	239	106	.	.	PUNCT
ajeer-229	240	1	table-3(b	table-3(b	PROPN
ajeer-229	240	2	)	)	PUNCT
ajeer-229	240	3	.	.	PUNCT
ajeer-229	241	1	the	the	DET
ajeer-229	241	2	stationarity	stationarity	NOUN
ajeer-229	241	3	test	test	NOUN
ajeer-229	241	4	results	result	NOUN
ajeer-229	241	5	of	of	ADP
ajeer-229	241	6	company‟s	company‟s	ADJ
ajeer-229	241	7	roe	roe	NOUN
ajeer-229	241	8	.	.	PUNCT
ajeer-229	242	1	series	series	PROPN
ajeer-229	242	2	obs	obs	PROPN
ajeer-229	242	3	.	.	PUNCT
ajeer-229	243	1	adf	adf	PROPN
ajeer-229	243	2	test	test	NOUN
ajeer-229	243	3	statistic	statistic	NOUN
ajeer-229	243	4	p	p	NOUN
ajeer-229	243	5	-	-	PUNCT
ajeer-229	243	6	value	value	NOUN
ajeer-229	243	7	stationarity	stationarity	NOUN
ajeer-229	243	8	2702	2702	NUM
ajeer-229	243	9	hg	hg	PROPN
ajeer-229	243	10	roe	roe	PROPN
ajeer-229	243	11	56	56	NUM
ajeer-229	243	12	-1.604	-1.604	NUM
ajeer-229	243	13	0.4814	0.4814	NUM
ajeer-229	243	14	non	non	ADJ
ajeer-229	243	15	-	-	ADJ
ajeer-229	243	16	stationary	stationary	ADJ
ajeer-229	243	17	troe	troe	PROPN
ajeer-229	243	18	61	61	NUM
ajeer-229	243	19	-15.323	-15.323	NOUN
ajeer-229	243	20	0.0000	0.0000	NUM
ajeer-229	243	21	stationary	stationary	ADJ
ajeer-229	243	22	2704	2704	NUM
ajeer-229	243	23	ambh	ambh	NOUN
ajeer-229	243	24	roe	roe	NOUN
ajeer-229	244	1	56	56	NUM
ajeer-229	244	2	-2.993	-2.993	NUM
ajeer-229	244	3	0.0356	0.0356	NUM
ajeer-229	244	4	stationary	stationary	ADJ
ajeer-229	244	5	2705	2705	NUM
ajeer-229	244	6	leofoo	leofoo	NOUN
ajeer-229	244	7	roe	roe	NOUN
ajeer-229	244	8	25	25	NUM
ajeer-229	244	9	-2.061	-2.061	NOUN
ajeer-229	244	10	0.2604	0.2604	NUM
ajeer-229	244	11	non	non	ADJ
ajeer-229	244	12	-	-	ADJ
ajeer-229	244	13	stationary	stationary	ADJ
ajeer-229	244	14	troe	troe	PROPN
ajeer-229	244	15	30	30	NUM
ajeer-229	244	16	-8.296	-8.296	NOUN
ajeer-229	244	17	0.0000	0.0000	NUM
ajeer-229	244	18	stationary	stationary	ADJ
ajeer-229	244	19	2706	2706	NUM
ajeer-229	244	20	first	first	ADJ
ajeer-229	244	21	hotel	hotel	PROPN
ajeer-229	244	22	roe	roe	PROPN
ajeer-229	244	23	25	25	NUM
ajeer-229	244	24	-2.441	-2.441	SYM
ajeer-229	244	25	0.1306	0.1306	NUM
ajeer-229	244	26	non	non	ADJ
ajeer-229	244	27	-	-	ADJ
ajeer-229	244	28	stationary	stationary	ADJ
ajeer-229	244	29	troe	troe	PROPN
ajeer-229	244	30	30	30	NUM
ajeer-229	244	31	-13.890	-13.890	NUM
ajeer-229	244	32	0.0000	0.0000	NUM
ajeer-229	244	33	stationary	stationary	ADJ
ajeer-229	244	34	2707	2707	NUM
ajeer-229	244	35	gfrt	gfrt	NOUN
ajeer-229	244	36	roe	roe	NOUN
ajeer-229	244	37	56	56	NUM
ajeer-229	244	38	-1.808	-1.808	NOUN
ajeer-229	244	39	0.3764	0.3764	NUM
ajeer-229	244	40	non	non	ADJ
ajeer-229	244	41	-	-	ADJ
ajeer-229	244	42	stationary	stationary	ADJ
ajeer-229	244	43	troe	troe	PROPN
ajeer-229	244	44	61	61	NUM
ajeer-229	244	45	-11.738	-11.738	NOUN
ajeer-229	244	46	0.0000	0.0000	NUM
ajeer-229	244	47	stationary	stationary	ADJ
ajeer-229	244	48	2712	2712	NUM
ajeer-229	244	49	fgh	fgh	NOUN
ajeer-229	244	50	troe	troe	NUM
ajeer-229	244	51	9	9	NUM
ajeer-229	244	52	-3.501	-3.501	NUM
ajeer-229	244	53	0.0080	0.0080	NUM
ajeer-229	244	54	stationary	stationary	ADJ
ajeer-229	244	55	2718	2718	NUM
ajeer-229	244	56	ph	ph	PROPN
ajeer-229	244	57	roe	roe	NOUN
ajeer-229	244	58	18	18	NUM
ajeer-229	244	59	-1.689	-1.689	SYM
ajeer-229	244	60	0.4365	0.4365	NUM
ajeer-229	244	61	non	non	ADJ
ajeer-229	244	62	-	-	ADJ
ajeer-229	244	63	stationary	stationary	ADJ
ajeer-229	244	64	troe	troe	PROPN
ajeer-229	244	65	23	23	NUM
ajeer-229	244	66	-8.826	-8.826	PUNCT
ajeer-229	244	67	0.0000	0.0000	NUM
ajeer-229	244	68	stationary	stationary	ADJ
ajeer-229	244	69	2722	2722	NUM
ajeer-229	244	70	chateau	chateau	NOUN
ajeer-229	244	71	roe	roe	NOUN
ajeer-229	244	72	14	14	NUM
ajeer-229	244	73	-2.132	-2.132	NUM
ajeer-229	244	74	0.2320	0.2320	NUM
ajeer-229	244	75	non	non	ADJ
ajeer-229	244	76	-	-	ADJ
ajeer-229	244	77	stationary	stationary	ADJ
ajeer-229	244	78	troe	troe	PROPN
ajeer-229	244	79	19	19	NUM
ajeer-229	244	80	-6.034	-6.034	SYM
ajeer-229	244	81	0.0000	0.0000	NUM
ajeer-229	244	82	stationary	stationary	ADJ
ajeer-229	244	83	2724	2724	NUM
ajeer-229	244	84	fx	fx	NOUN
ajeer-229	244	85	hotels	hotel	NOUN
ajeer-229	244	86	roe	roe	PROPN
ajeer-229	244	87	14	14	NUM
ajeer-229	244	88	0.394	0.394	NUM
ajeer-229	244	89	0.9813	0.9813	NUM
ajeer-229	244	90	non	non	ADJ
ajeer-229	244	91	-	-	ADJ
ajeer-229	244	92	stationary	stationary	ADJ
ajeer-229	244	93	troe	troe	PROPN
ajeer-229	244	94	19	19	NUM
ajeer-229	244	95	-7.304	-7.304	PROPN
ajeer-229	244	96	0.0000	0.0000	NUM
ajeer-229	244	97	stationary	stationary	ADJ
ajeer-229	244	98	5701	5701	NUM
ajeer-229	244	99	jfs	jfs	ADJ
ajeer-229	244	100	roe	roe	NOUN
ajeer-229	244	101	25	25	NUM
ajeer-229	244	102	-2.505	-2.505	PROPN
ajeer-229	244	103	0.1143	0.1143	VERB
ajeer-229	244	104	non	non	ADJ
ajeer-229	244	105	-	-	ADJ
ajeer-229	244	106	stationary	stationary	ADJ
ajeer-229	244	107	troe	troe	PROPN
ajeer-229	244	108	30	30	NUM
ajeer-229	244	109	-8.123	-8.123	NOUN
ajeer-229	244	110	0.0000	0.0000	NUM
ajeer-229	244	111	stationary	stationary	ADJ
ajeer-229	244	112	5703	5703	NUM
ajeer-229	244	113	landis	landis	PROPN
ajeer-229	244	114	taipei	taipei	PROPN
ajeer-229	244	115	roe	roe	PROPN
ajeer-229	244	116	56	56	NUM
ajeer-229	244	117	-1.942	-1.942	NOUN
ajeer-229	244	118	0.3124	0.3124	NUM
ajeer-229	244	119	non	non	ADJ
ajeer-229	244	120	-	-	ADJ
ajeer-229	244	121	stationary	stationary	ADJ
ajeer-229	244	122	troe	troe	PROPN
ajeer-229	244	123	61	61	NUM
ajeer-229	244	124	-10.652	-10.652	ADJ
ajeer-229	244	125	0.0000	0.0000	NUM
ajeer-229	244	126	stationary	stationary	ADJ
ajeer-229	244	127	5704	5704	NUM
ajeer-229	244	128	chihpen	chihpen	NOUN
ajeer-229	244	129	royal	royal	PROPN
ajeer-229	244	130	roe	roe	PROPN
ajeer-229	245	1	56	56	NUM
ajeer-229	245	2	-1.332	-1.332	NOUN
ajeer-229	245	3	0.6146	0.6146	NUM
ajeer-229	245	4	non	non	ADJ
ajeer-229	245	5	-	-	ADJ
ajeer-229	245	6	stationary	stationary	ADJ
ajeer-229	245	7	troe	troe	PROPN
ajeer-229	245	8	61	61	NUM
ajeer-229	245	9	-17.278	-17.278	SYM
ajeer-229	245	10	0.000	0.000	NUM
ajeer-229	245	11	stationary	stationary	ADJ
ajeer-229	245	12	source	source	NOUN
ajeer-229	245	13	:	:	PUNCT
ajeer-229	245	14	taiwan	taiwan	PROPN
ajeer-229	245	15	economic	economic	PROPN
ajeer-229	245	16	journal	journal	PROPN
ajeer-229	245	17	(	(	PUNCT
ajeer-229	245	18	tej	tej	PROPN
ajeer-229	245	19	)	)	PUNCT
ajeer-229	245	20	.	.	PUNCT
ajeer-229	246	1	asian	asian	ADJ
ajeer-229	246	2	journal	journal	PROPN
ajeer-229	246	3	of	of	ADP
ajeer-229	246	4	economics	economic	NOUN
ajeer-229	246	5	and	and	CCONJ
ajeer-229	246	6	empirical	empirical	ADJ
ajeer-229	246	7	research	research	NOUN
ajeer-229	246	8	,	,	PUNCT
ajeer-229	246	9	2017	2017	NUM
ajeer-229	246	10	,	,	PUNCT
ajeer-229	246	11	4(1	4(1	NOUN
ajeer-229	246	12	):	):	PUNCT
ajeer-229	246	13	32	32	NUM
ajeer-229	246	14	-	-	SYM
ajeer-229	246	15	48	48	NUM
ajeer-229	246	16	40	40	NUM
ajeer-229	246	17	and	and	CCONJ
ajeer-229	246	18	a	a	DET
ajeer-229	246	19	time	time	NOUN
ajeer-229	246	20	series	series	NOUN
ajeer-229	246	21	ty	ty	PRON
ajeer-229	246	22	is	be	AUX
ajeer-229	246	23	weakly	weakly	ADV
ajeer-229	246	24	stationary	stationary	ADJ
ajeer-229	246	25	if	if	SCONJ
ajeer-229	246	26	both	both	PRON
ajeer-229	246	27	the	the	DET
ajeer-229	246	28	mean	mean	NOUN
ajeer-229	246	29	of	of	ADP
ajeer-229	246	30	ty	ty	NUM
ajeer-229	246	31	and	and	CCONJ
ajeer-229	246	32			PROPN
ajeer-229	246	33	stt	stt	NOUN
ajeer-229	246	34	yycov	yycov	NOUN
ajeer-229	246	35			PROPN
ajeer-229	246	36	,	,	PUNCT
ajeer-229	246	37	are	be	AUX
ajeer-229	246	38	time	time	NOUN
ajeer-229	246	39	-	-	PUNCT
ajeer-229	246	40	invariant	invariant	ADJ
ajeer-229	246	41	,	,	PUNCT
ajeer-229	246	42	where	where	SCONJ
ajeer-229	246	43	s	s	NOUN
ajeer-229	246	44	is	be	AUX
ajeer-229	246	45	an	an	DET
ajeer-229	246	46	arbitrary	arbitrary	ADJ
ajeer-229	246	47	integer	integer	NOUN
ajeer-229	246	48	.	.	PUNCT
ajeer-229	247	1	in	in	ADP
ajeer-229	247	2	the	the	DET
ajeer-229	247	3	table	table	NOUN
ajeer-229	247	4	3	3	NUM
ajeer-229	247	5	,	,	PUNCT
ajeer-229	247	6	we	we	PRON
ajeer-229	247	7	show	show	VERB
ajeer-229	247	8	the	the	DET
ajeer-229	247	9	augmented	augment	VERB
ajeer-229	247	10	dicky	dicky	ADJ
ajeer-229	247	11	-	-	PUNCT
ajeer-229	247	12	fuller	full	ADJ
ajeer-229	247	13	test	test	NOUN
ajeer-229	247	14	results	result	NOUN
ajeer-229	247	15	.	.	PUNCT
ajeer-229	248	1	as	as	SCONJ
ajeer-229	248	2	shown	show	VERB
ajeer-229	248	3	in	in	ADP
ajeer-229	248	4	table	table	NOUN
ajeer-229	248	5	3	3	NUM
ajeer-229	248	6	,	,	PUNCT
ajeer-229	248	7	we	we	PRON
ajeer-229	248	8	can	can	AUX
ajeer-229	248	9	find	find	VERB
ajeer-229	248	10	that	that	SCONJ
ajeer-229	248	11	almost	almost	ADV
ajeer-229	248	12	all	all	DET
ajeer-229	248	13	the	the	DET
ajeer-229	248	14	roa	roa	PROPN
ajeer-229	248	15	/	/	SYM
ajeer-229	248	16	roe	roe	PROPN
ajeer-229	248	17	series	series	PROPN
ajeer-229	248	18	are	be	AUX
ajeer-229	248	19	non	non	ADJ
ajeer-229	248	20	-	-	ADJ
ajeer-229	248	21	stationary	stationary	ADJ
ajeer-229	248	22	except	except	SCONJ
ajeer-229	248	23	the	the	DET
ajeer-229	248	24	ambassador‟s	ambassador‟s	PROPN
ajeer-229	248	25	roa	roa	PROPN
ajeer-229	248	26	/	/	SYM
ajeer-229	248	27	roe	roe	NOUN
ajeer-229	248	28	.	.	PUNCT
ajeer-229	249	1	on	on	ADP
ajeer-229	249	2	the	the	DET
ajeer-229	249	3	other	other	ADJ
ajeer-229	249	4	hand	hand	NOUN
ajeer-229	249	5	,	,	PUNCT
ajeer-229	249	6	according	accord	VERB
ajeer-229	249	7	to	to	ADP
ajeer-229	249	8	hurvich	hurvich	PROPN
ajeer-229	249	9	and	and	CCONJ
ajeer-229	249	10	tsai	tsai	PROPN
ajeer-229	249	11	(	(	PUNCT
ajeer-229	249	12	1989	1989	NUM
ajeer-229	249	13	)	)	PUNCT
ajeer-229	249	14	there	there	PRON
ajeer-229	249	15	will	will	AUX
ajeer-229	249	16	be	be	AUX
ajeer-229	249	17	biased	biased	ADJ
ajeer-229	249	18	estimates	estimate	NOUN
ajeer-229	249	19	resulting	result	VERB
ajeer-229	249	20	from	from	ADP
ajeer-229	249	21	a	a	DET
ajeer-229	249	22	nonstationary	nonstationary	ADJ
ajeer-229	249	23	series	series	NOUN
ajeer-229	249	24	.	.	PUNCT
ajeer-229	250	1	such	such	ADJ
ajeer-229	250	2	that	that	SCONJ
ajeer-229	250	3	,	,	PUNCT
ajeer-229	250	4	applying	apply	VERB
ajeer-229	250	5	wei	wei	PROPN
ajeer-229	250	6	(	(	PUNCT
ajeer-229	250	7	2006	2006	NUM
ajeer-229	250	8	)	)	PUNCT
ajeer-229	250	9	we	we	PRON
ajeer-229	250	10	take	take	VERB
ajeer-229	250	11	the	the	DET
ajeer-229	250	12	first	first	ADJ
ajeer-229	250	13	-	-	PUNCT
ajeer-229	250	14	ordered	order	VERB
ajeer-229	250	15	difference	difference	NOUN
ajeer-229	250	16	on	on	ADP
ajeer-229	250	17	the	the	DET
ajeer-229	250	18	series	series	NOUN
ajeer-229	250	19	,	,	PUNCT
ajeer-229	250	20	i.e.	i.e.	X
ajeer-229	250	21	,	,	PUNCT
ajeer-229	250	22	11	11	NUM
ajeer-229	250	23			NOUN
ajeer-229	250	24	ttt	ttt	PROPN
ajeer-229	250	25	roaroaroad	roaroaroad	NOUN
ajeer-229	250	26	and	and	CCONJ
ajeer-229	250	27	11	11	NUM
ajeer-229	250	28			NOUN
ajeer-229	250	29	ttt	ttt	PROPN
ajeer-229	250	30	roeroeroed	roeroeroe	VERB
ajeer-229	250	31	.	.	PUNCT
ajeer-229	251	1	(	(	PUNCT
ajeer-229	251	2	18	18	NUM
ajeer-229	251	3	)	)	PUNCT
ajeer-229	251	4	and	and	CCONJ
ajeer-229	251	5	then	then	ADV
ajeer-229	251	6	,	,	PUNCT
ajeer-229	251	7	we	we	PRON
ajeer-229	251	8	test	test	VERB
ajeer-229	251	9	the	the	DET
ajeer-229	251	10	unit	unit	NOUN
ajeer-229	251	11	-	-	PUNCT
ajeer-229	251	12	root	root	NOUN
ajeer-229	251	13	-	-	PUNCT
ajeer-229	251	14	test	test	NOUN
ajeer-229	251	15	again	again	ADV
ajeer-229	251	16	to	to	PART
ajeer-229	251	17	verify	verify	VERB
ajeer-229	251	18	its	its	PRON
ajeer-229	251	19	stationarity	stationarity	NOUN
ajeer-229	251	20	.	.	PUNCT
ajeer-229	252	1	the	the	DET
ajeer-229	252	2	augmented	augment	VERB
ajeer-229	252	3	dicky	dicky	ADJ
ajeer-229	252	4	-	-	PUNCT
ajeer-229	252	5	fuller	full	ADJ
ajeer-229	252	6	test	test	NOUN
ajeer-229	252	7	results	result	NOUN
ajeer-229	252	8	are	be	AUX
ajeer-229	252	9	also	also	ADV
ajeer-229	252	10	shown	show	VERB
ajeer-229	252	11	in	in	ADP
ajeer-229	252	12	table	table	NOUN
ajeer-229	252	13	3	3	NUM
ajeer-229	252	14	.	.	PUNCT
ajeer-229	253	1	after	after	ADP
ajeer-229	253	2	differencing	difference	VERB
ajeer-229	253	3	the	the	DET
ajeer-229	253	4	series	series	NOUN
ajeer-229	253	5	,	,	PUNCT
ajeer-229	253	6	all	all	PRON
ajeer-229	253	7	of	of	ADP
ajeer-229	253	8	them	they	PRON
ajeer-229	253	9	are	be	AUX
ajeer-229	253	10	stationary	stationary	ADJ
ajeer-229	253	11	.	.	PUNCT
ajeer-229	254	1	next	next	ADV
ajeer-229	254	2	,	,	PUNCT
ajeer-229	254	3	patro	patro	VERB
ajeer-229	254	4	et	et	PROPN
ajeer-229	254	5	al	al	PROPN
ajeer-229	254	6	.	.	PROPN
ajeer-229	255	1	(	(	PUNCT
ajeer-229	255	2	2002	2002	NUM
ajeer-229	255	3	)	)	PUNCT
ajeer-229	255	4	found	find	VERB
ajeer-229	255	5	the	the	DET
ajeer-229	255	6	significant	significant	ADJ
ajeer-229	255	7	currency	currency	NOUN
ajeer-229	255	8	risk	risk	NOUN
ajeer-229	255	9	exposures	exposure	NOUN
ajeer-229	255	10	in	in	ADP
ajeer-229	255	11	country	country	NOUN
ajeer-229	255	12	equity	equity	NOUN
ajeer-229	255	13	index	index	NOUN
ajeer-229	255	14	returns	return	NOUN
ajeer-229	255	15	by	by	ADP
ajeer-229	255	16	using	use	VERB
ajeer-229	255	17	the	the	DET
ajeer-229	255	18	garch	garch	NOUN
ajeer-229	255	19	model	model	NOUN
ajeer-229	255	20	.	.	PUNCT
ajeer-229	256	1	and	and	CCONJ
ajeer-229	256	2	,	,	PUNCT
ajeer-229	256	3	polodoo	polodoo	VERB
ajeer-229	256	4	et	et	PROPN
ajeer-229	256	5	al	al	PROPN
ajeer-229	256	6	.	.	PUNCT
ajeer-229	257	1	(	(	PUNCT
ajeer-229	257	2	2016	2016	NUM
ajeer-229	257	3	)	)	PUNCT
ajeer-229	257	4	discussed	discuss	VERB
ajeer-229	257	5	the	the	DET
ajeer-229	257	6	nexus	nexus	NOUN
ajeer-229	257	7	between	between	ADP
ajeer-229	257	8	exchange	exchange	NOUN
ajeer-229	257	9	rate	rate	NOUN
ajeer-229	257	10	volatility	volatility	NOUN
ajeer-229	257	11	and	and	CCONJ
ajeer-229	257	12	manufacturing	manufacturing	NOUN
ajeer-229	257	13	trade	trade	NOUN
ajeer-229	257	14	.	.	PUNCT
ajeer-229	258	1	they	they	PRON
ajeer-229	258	2	found	find	VERB
ajeer-229	258	3	that	that	SCONJ
ajeer-229	258	4	exchange	exchange	NOUN
ajeer-229	258	5	rate	rate	NOUN
ajeer-229	258	6	volatility	volatility	NOUN
ajeer-229	258	7	has	have	VERB
ajeer-229	258	8	an	an	DET
ajeer-229	258	9	adverse	adverse	ADJ
ajeer-229	258	10	effect	effect	NOUN
ajeer-229	258	11	on	on	ADP
ajeer-229	258	12	the	the	DET
ajeer-229	258	13	real	real	ADJ
ajeer-229	258	14	manufacturing	manufacturing	NOUN
ajeer-229	258	15	trade	trade	NOUN
ajeer-229	258	16	of	of	ADP
ajeer-229	258	17	the	the	DET
ajeer-229	258	18	africa	africa	PROPN
ajeer-229	258	19	countries	country	NOUN
ajeer-229	258	20	.	.	PUNCT
ajeer-229	259	1	as	as	SCONJ
ajeer-229	259	2	shown	show	VERB
ajeer-229	259	3	in	in	ADP
ajeer-229	259	4	the	the	DET
ajeer-229	259	5	study	study	NOUN
ajeer-229	259	6	of	of	ADP
ajeer-229	259	7	ikechukwu	ikechukwu	NOUN
ajeer-229	259	8	(	(	PUNCT
ajeer-229	259	9	2016	2016	NUM
ajeer-229	259	10	)	)	PUNCT
ajeer-229	259	11	,	,	PUNCT
ajeer-229	259	12	he	he	PRON
ajeer-229	259	13	applied	apply	VERB
ajeer-229	259	14	the	the	DET
ajeer-229	259	15	dynamic	dynamic	ADJ
ajeer-229	259	16	panel	panel	NOUN
ajeer-229	259	17	regression	regression	NOUN
ajeer-229	259	18	approach	approach	NOUN
ajeer-229	259	19	to	to	PART
ajeer-229	259	20	investigate	investigate	VERB
ajeer-229	259	21	the	the	DET
ajeer-229	259	22	effects	effect	NOUN
ajeer-229	259	23	of	of	ADP
ajeer-229	259	24	exchange	exchange	NOUN
ajeer-229	259	25	rate	rate	NOUN
ajeer-229	259	26	volatility	volatility	NOUN
ajeer-229	259	27	on	on	ADP
ajeer-229	259	28	firm	firm	ADJ
ajeer-229	259	29	performance	performance	NOUN
ajeer-229	259	30	by	by	ADP
ajeer-229	259	31	examining	examine	VERB
ajeer-229	259	32	20	20	NUM
ajeer-229	259	33	companies	company	NOUN
ajeer-229	259	34	listing	list	VERB
ajeer-229	259	35	in	in	ADP
ajeer-229	259	36	nigerian	nigerian	ADJ
ajeer-229	259	37	stock	stock	NOUN
ajeer-229	259	38	exchange	exchange	NOUN
ajeer-229	259	39	.	.	PUNCT
ajeer-229	260	1	it	it	PRON
ajeer-229	260	2	revealed	reveal	VERB
ajeer-229	260	3	that	that	SCONJ
ajeer-229	260	4	exchange	exchange	NOUN
ajeer-229	260	5	rate	rate	NOUN
ajeer-229	260	6	volatility	volatility	NOUN
ajeer-229	260	7	has	have	VERB
ajeer-229	260	8	significant	significant	ADJ
ajeer-229	260	9	negative	negative	ADJ
ajeer-229	260	10	impacts	impact	NOUN
ajeer-229	260	11	on	on	ADP
ajeer-229	260	12	the	the	DET
ajeer-229	260	13	roas	roas	NOUN
ajeer-229	260	14	,	,	PUNCT
ajeer-229	260	15	atrs	atrs	PROPN
ajeer-229	260	16	.	.	PUNCT
ajeer-229	261	1	here	here	ADV
ajeer-229	261	2	,	,	PUNCT
ajeer-229	261	3	that	that	SCONJ
ajeer-229	261	4	effects	effect	NOUN
ajeer-229	261	5	of	of	ADP
ajeer-229	261	6	the	the	DET
ajeer-229	261	7	fluctuations	fluctuation	NOUN
ajeer-229	261	8	of	of	ADP
ajeer-229	261	9	exchange	exchange	NOUN
ajeer-229	261	10	rates	rate	NOUN
ajeer-229	261	11	on	on	ADP
ajeer-229	261	12	the	the	DET
ajeer-229	261	13	firm‟s	firm‟s	NOUN
ajeer-229	261	14	performance	performance	NOUN
ajeer-229	261	15	is	be	AUX
ajeer-229	261	16	the	the	DET
ajeer-229	261	17	main	main	ADJ
ajeer-229	261	18	purpose	purpose	NOUN
ajeer-229	261	19	of	of	ADP
ajeer-229	261	20	this	this	DET
ajeer-229	261	21	study	study	NOUN
ajeer-229	261	22	.	.	PUNCT
ajeer-229	262	1	therefore	therefore	ADV
ajeer-229	262	2	,	,	PUNCT
ajeer-229	262	3	as	as	SCONJ
ajeer-229	262	4	the	the	DET
ajeer-229	262	5	work	work	NOUN
ajeer-229	262	6	in	in	ADP
ajeer-229	262	7	kim	kim	PROPN
ajeer-229	262	8	(	(	PUNCT
ajeer-229	262	9	2012	2012	NUM
ajeer-229	262	10	)	)	PUNCT
ajeer-229	262	11	the	the	DET
ajeer-229	262	12	autoregression	autoregression	NOUN
ajeer-229	262	13	moving	move	VERB
ajeer-229	262	14	average	average	ADJ
ajeer-229	262	15	(	(	PUNCT
ajeer-229	262	16	arima	arima	PROPN
ajeer-229	262	17	)	)	PUNCT
ajeer-229	262	18	model	model	NOUN
ajeer-229	262	19	can	can	AUX
ajeer-229	262	20	be	be	AUX
ajeer-229	262	21	specified	specify	VERB
ajeer-229	262	22	as	as	SCONJ
ajeer-229	262	23	follows	follow	VERB
ajeer-229	262	24	:	:	PUNCT
ajeer-229	262	25			X
ajeer-229	263	1			NOUN
ajeer-229	264	1			PROPN
ajeer-229	264	2	p	p	PROPN
ajeer-229	264	3	k	k	PROPN
ajeer-229	264	4	ktikitmiiti	ktikitmiiti	PROPN
ajeer-229	264	5	eperformancdrmrfeperformancd	eperformancdrmrfeperformancd	PROPN
ajeer-229	264	6	1	1	NUM
ajeer-229	264	7	11	11	NUM
ajeer-229	264	8	,	,	PUNCT
ajeer-229	264	9	,	,	PUNCT
ajeer-229	264	10	,	,	PUNCT
ajeer-229	264	11	,	,	PUNCT
ajeer-229	264	12			PROPN
ajeer-229	264	13			PART
ajeer-229	264	14			PROPN
ajeer-229	264	15			PROPN
ajeer-229	264	16			NUM
ajeer-229	264	17			PROPN
ajeer-229	264	18	q	q	X
ajeer-229	264	19	s	s	PROPN
ajeer-229	264	20	stistii	stistii	NOUN
ajeer-229	264	21	n	n	PROPN
ajeer-229	264	22	j	j	PROPN
ajeer-229	264	23	tjji	tjji	NOUN
ajeer-229	264	24	asizefx	asizefx	PROPN
ajeer-229	264	25	01	01	NUM
ajeer-229	264	26	,	,	PUNCT
ajeer-229	264	27	,	,	PUNCT
ajeer-229	264	28	,	,	PUNCT
ajeer-229	264	29	,	,	PUNCT
ajeer-229	264	30			PROPN
ajeer-229	264	31	,	,	PUNCT
ajeer-229	264	32	(	(	PUNCT
ajeer-229	264	33	19	19	NUM
ajeer-229	264	34	)	)	PUNCT
ajeer-229	264	35			NOUN
ajeer-229	264	36			SYM
ajeer-229	264	37			NOUN
ajeer-229	264	38			PROPN
ajeer-229	264	39	itqpqpt	itqpqpt	NOUN
ajeer-229	264	40	,	,	PUNCT
ajeer-229	264	41	,	,	PUNCT
ajeer-229	264	42	,	,	PUNCT
ajeer-229	264	43	,	,	PUNCT
ajeer-229	264	44	,	,	PUNCT
ajeer-229	264	45	2max1max	2max1max	PROPN
ajeer-229	264	46			PROPN
ajeer-229	264	47	,	,	PUNCT
ajeer-229	264	48	ni	ni	PROPN
ajeer-229	264	49	,	,	PUNCT
ajeer-229	264	50	,	,	PUNCT
ajeer-229	264	51	,	,	PUNCT
ajeer-229	264	52	21	21	PROPN
ajeer-229	264	53	.	.	PUNCT
ajeer-229	265	1	here	here	ADV
ajeer-229	265	2	,	,	PUNCT
ajeer-229	265	3	tieperformancd	tieperformancd	VERB
ajeer-229	265	4	,	,	PUNCT
ajeer-229	265	5	1	1	NUM
ajeer-229	265	6	represents	represent	VERB
ajeer-229	265	7	the	the	DET
ajeer-229	265	8	first	first	ADJ
ajeer-229	265	9	-	-	PUNCT
ajeer-229	265	10	ordered	order	VERB
ajeer-229	265	11	difference	difference	NOUN
ajeer-229	265	12	of	of	ADP
ajeer-229	265	13	the	the	DET
ajeer-229	265	14	ith	ith	PROPN
ajeer-229	265	15	firm‟s	firm‟s	PROPN
ajeer-229	265	16	performance	performance	NOUN
ajeer-229	265	17	in	in	ADP
ajeer-229	265	18	the	the	DET
ajeer-229	265	19	tth	tth	NOUN
ajeer-229	265	20	quarter	quarter	NOUN
ajeer-229	265	21	,	,	PUNCT
ajeer-229	265	22	and	and	CCONJ
ajeer-229	265	23	ktieperformancd	ktieperformancd	PROPN
ajeer-229	265	24			PROPN
ajeer-229	265	25	,	,	PUNCT
ajeer-229	265	26	1	1	NUM
ajeer-229	265	27	is	be	AUX
ajeer-229	265	28	its	its	PRON
ajeer-229	265	29	kth	kth	NOUN
ajeer-229	265	30	lagged	lag	VERB
ajeer-229	265	31	variable	variable	NOUN
ajeer-229	265	32	.	.	PUNCT
ajeer-229	266	1	use	use	VERB
ajeer-229	266	2	the	the	DET
ajeer-229	266	3	stata13	stata13	NOUN
ajeer-229	266	4	to	to	PART
ajeer-229	266	5	find	find	VERB
ajeer-229	266	6	the	the	DET
ajeer-229	266	7	regression	regression	NOUN
ajeer-229	266	8	results	result	NOUN
ajeer-229	266	9	and	and	CCONJ
ajeer-229	266	10	show	show	VERB
ajeer-229	266	11	in	in	ADP
ajeer-229	266	12	the	the	DET
ajeer-229	266	13	table	table	NOUN
ajeer-229	266	14	4	4	NUM
ajeer-229	266	15	.	.	PUNCT
ajeer-229	266	16	model	model	NOUN
ajeer-229	266	17	i	i	PRON
ajeer-229	266	18	regresses	regress	VERB
ajeer-229	266	19	road1	road1	VERB
ajeer-229	266	20	on	on	ADP
ajeer-229	266	21	all	all	DET
ajeer-229	266	22	exchange	exchange	NOUN
ajeer-229	266	23	fluctuations	fluctuation	NOUN
ajeer-229	266	24	,	,	PUNCT
ajeer-229	266	25	lagged	lag	VERB
ajeer-229	266	26	variables	variable	NOUN
ajeer-229	266	27	and	and	CCONJ
ajeer-229	266	28	the	the	DET
ajeer-229	266	29	control	control	NOUN
ajeer-229	266	30	variables	variable	NOUN
ajeer-229	266	31	.	.	PUNCT
ajeer-229	267	1	model	model	PROPN
ajeer-229	267	2	ii	ii	PROPN
ajeer-229	267	3	regresses	regress	VERB
ajeer-229	267	4	road1	road1	VERB
ajeer-229	267	5	on	on	ADP
ajeer-229	267	6	all	all	DET
ajeer-229	267	7	variables	variable	NOUN
ajeer-229	267	8	but	but	CCONJ
ajeer-229	267	9	selected	select	VERB
ajeer-229	267	10	by	by	ADP
ajeer-229	267	11	eliminating	eliminate	VERB
ajeer-229	267	12	higher	high	ADJ
ajeer-229	267	13	p	p	ADJ
ajeer-229	267	14	-	-	PUNCT
ajeer-229	267	15	value	value	NOUN
ajeer-229	267	16	explanatory	explanatory	ADJ
ajeer-229	267	17	variables	variable	NOUN
ajeer-229	267	18	.	.	PUNCT
ajeer-229	268	1	table-4	table-4	X
ajeer-229	268	2	.	.	PUNCT
ajeer-229	269	1	regression	regression	NOUN
ajeer-229	269	2	on	on	ADP
ajeer-229	269	3	roa	roa	PROPN
ajeer-229	269	4	.	.	PUNCT
ajeer-229	270	1	company	company	NOUN
ajeer-229	270	2	hotel	hotel	NOUN
ajeer-229	270	3	holiday	holiday	NOUN
ajeer-229	270	4	garden	garden	NOUN
ajeer-229	270	5	(	(	PUNCT
ajeer-229	270	6	2702	2702	NUM
ajeer-229	270	7	)	)	PUNCT
ajeer-229	270	8	the	the	DET
ajeer-229	270	9	leofoo	leofoo	PROPN
ajeer-229	270	10	development	development	PROPN
ajeer-229	270	11	co.	co.	PROPN
ajeer-229	270	12	,	,	PUNCT
ajeer-229	270	13	ltd	ltd	PROPN
ajeer-229	270	14	.	.	PROPN
ajeer-229	270	15	(	(	PUNCT
ajeer-229	270	16	2705	2705	NUM
ajeer-229	270	17	)	)	PUNCT
ajeer-229	270	18	formosa	formosa	PROPN
ajeer-229	270	19	international	international	ADJ
ajeer-229	270	20	hotels	hotel	NOUN
ajeer-229	270	21	corporation	corporation	NOUN
ajeer-229	270	22	(	(	PUNCT
ajeer-229	270	23	2707	2707	NUM
ajeer-229	270	24	)	)	PUNCT
ajeer-229	270	25	variables	variable	NOUN
ajeer-229	270	26	model	model	NOUN
ajeer-229	271	1	i	i	PRON
ajeer-229	271	2	model	model	PROPN
ajeer-229	271	3	ii	ii	PROPN
ajeer-229	271	4	model	model	NOUN
ajeer-229	271	5	i	i	PRON
ajeer-229	271	6	model	model	PROPN
ajeer-229	271	7	ii	ii	PROPN
ajeer-229	271	8	model	model	NOUN
ajeer-229	271	9	i	i	PRON
ajeer-229	271	10	model	model	VERB
ajeer-229	271	11	ii	ii	PROPN
ajeer-229	271	12	const	const	PROPN
ajeer-229	271	13	.	.	PUNCT
ajeer-229	272	1	10.31	10.31	NUM
ajeer-229	272	2	(	(	PUNCT
ajeer-229	272	3	7.59	7.59	NUM
ajeer-229	272	4	)	)	PUNCT
ajeer-229	272	5	0.10	0.10	NUM
ajeer-229	272	6	(	(	PUNCT
ajeer-229	272	7	0.09	0.09	NUM
ajeer-229	272	8	)	)	PUNCT
ajeer-229	272	9	106.98	106.98	NUM
ajeer-229	272	10	(	(	PUNCT
ajeer-229	272	11	81.09	81.09	NUM
ajeer-229	272	12	)	)	PUNCT
ajeer-229	272	13	101.70	101.70	NUM
ajeer-229	272	14	*	*	PUNCT
ajeer-229	272	15	*	*	PUNCT
ajeer-229	272	16	(	(	PUNCT
ajeer-229	272	17	47.14	47.14	NUM
ajeer-229	272	18	)	)	PUNCT
ajeer-229	272	19	23.71	23.71	NUM
ajeer-229	272	20	(	(	PUNCT
ajeer-229	272	21	16.21	16.21	NUM
ajeer-229	272	22	)	)	PUNCT
ajeer-229	272	23	-0.06	-0.06	NUM
ajeer-229	272	24	(	(	PUNCT
ajeer-229	272	25	0.14	0.14	NUM
ajeer-229	272	26	)	)	PUNCT
ajeer-229	272	27	rmrf	rmrf	NOUN
ajeer-229	272	28	0.01	0.01	NUM
ajeer-229	272	29	(	(	PUNCT
ajeer-229	272	30	0.01	0.01	NUM
ajeer-229	272	31	)	)	PUNCT
ajeer-229	272	32	-0.05	-0.05	NOUN
ajeer-229	272	33	(	(	PUNCT
ajeer-229	272	34	0.07	0.07	NUM
ajeer-229	272	35	)	)	PUNCT
ajeer-229	272	36	-0.01	-0.01	NUM
ajeer-229	272	37	(	(	PUNCT
ajeer-229	272	38	0.02	0.02	NUM
ajeer-229	272	39	)	)	PUNCT
ajeer-229	272	40	usd	usd	NOUN
ajeer-229	272	41	0.14	0.14	NUM
ajeer-229	272	42	(	(	PUNCT
ajeer-229	272	43	0.14	0.14	NUM
ajeer-229	272	44	)	)	PUNCT
ajeer-229	272	45	0.15	0.15	NUM
ajeer-229	272	46	(	(	PUNCT
ajeer-229	272	47	0.33	0.33	NUM
ajeer-229	272	48	)	)	PUNCT
ajeer-229	272	49	0.10	0.10	NUM
ajeer-229	272	50	(	(	PUNCT
ajeer-229	272	51	0.20	0.20	NUM
ajeer-229	272	52	)	)	PUNCT
ajeer-229	272	53	jpy	jpy	PROPN
ajeer-229	272	54	0.03	0.03	NUM
ajeer-229	272	55	(	(	PUNCT
ajeer-229	272	56	0.03	0.03	NUM
ajeer-229	272	57	)	)	PUNCT
ajeer-229	272	58	-0.01	-0.01	NUM
ajeer-229	272	59	(	(	PUNCT
ajeer-229	272	60	0.09	0.09	NUM
ajeer-229	272	61	)	)	PUNCT
ajeer-229	272	62	-0.05	-0.05	NOUN
ajeer-229	272	63	(	(	PUNCT
ajeer-229	272	64	0.05	0.05	NUM
ajeer-229	272	65	)	)	PUNCT
ajeer-229	272	66	cny	cny	NOUN
ajeer-229	272	67	-0.09	-0.09	NUM
ajeer-229	272	68	(	(	PUNCT
ajeer-229	272	69	0.14	0.14	NUM
ajeer-229	272	70	)	)	PUNCT
ajeer-229	272	71	-0.38	-0.38	PUNCT
ajeer-229	272	72	(	(	PUNCT
ajeer-229	272	73	0.36	0.36	NUM
ajeer-229	272	74	)	)	PUNCT
ajeer-229	272	75	-0.21	-0.21	PROPN
ajeer-229	272	76	(	(	PUNCT
ajeer-229	272	77	0.21	0.21	NUM
ajeer-229	272	78	)	)	PUNCT
ajeer-229	272	79	eur	eur	NOUN
ajeer-229	272	80	-0.05	-0.05	X
ajeer-229	272	81	(	(	PUNCT
ajeer-229	272	82	0.05	0.05	NUM
ajeer-229	272	83	)	)	PUNCT
ajeer-229	272	84	0.09	0.09	NUM
ajeer-229	272	85	(	(	PUNCT
ajeer-229	272	86	0.13	0.13	NUM
ajeer-229	272	87	)	)	PUNCT
ajeer-229	272	88	-0.00	-0.00	NUM
ajeer-229	272	89	(	(	PUNCT
ajeer-229	272	90	0.08	0.08	NUM
ajeer-229	272	91	)	)	PUNCT
ajeer-229	272	92	krw	krw	NOUN
ajeer-229	272	93	0.02	0.02	NUM
ajeer-229	272	94	(	(	PUNCT
ajeer-229	272	95	0.04	0.04	NUM
ajeer-229	272	96	)	)	PUNCT
ajeer-229	272	97	0.28	0.28	NUM
ajeer-229	272	98	*	*	SYM
ajeer-229	272	99	(	(	PUNCT
ajeer-229	272	100	0.14	0.14	NUM
ajeer-229	272	101	)	)	PUNCT
ajeer-229	272	102	0.20	0.20	NUM
ajeer-229	272	103	*	*	PUNCT
ajeer-229	272	104	*	*	PUNCT
ajeer-229	272	105	(	(	PUNCT
ajeer-229	272	106	0.08	0.08	NUM
ajeer-229	272	107	)	)	PUNCT
ajeer-229	272	108	0.04	0.04	NUM
ajeer-229	272	109	(	(	PUNCT
ajeer-229	272	110	0.07	0.07	NUM
ajeer-229	272	111	)	)	PUNCT
ajeer-229	272	112	gbp	gbp	NOUN
ajeer-229	272	113	0.03	0.03	NUM
ajeer-229	272	114	(	(	PUNCT
ajeer-229	272	115	0.05	0.05	NUM
ajeer-229	272	116	)	)	PUNCT
ajeer-229	272	117	-0.12	-0.12	NUM
ajeer-229	272	118	(	(	PUNCT
ajeer-229	272	119	0.17	0.17	NUM
ajeer-229	272	120	)	)	PUNCT
ajeer-229	272	121	-0.03	-0.03	NOUN
ajeer-229	272	122	(	(	PUNCT
ajeer-229	272	123	0.08	0.08	NUM
ajeer-229	272	124	)	)	PUNCT
ajeer-229	272	125	sgd	sgd	NOUN
ajeer-229	272	126	0.05	0.05	NUM
ajeer-229	272	127	(	(	PUNCT
ajeer-229	272	128	0.14	0.14	NUM
ajeer-229	272	129	)	)	PUNCT
ajeer-229	272	130	0.51	0.51	NUM
ajeer-229	272	131	(	(	PUNCT
ajeer-229	272	132	0.62	0.62	NUM
ajeer-229	272	133	)	)	PUNCT
ajeer-229	272	134	0.41	0.41	NUM
ajeer-229	272	135	*	*	SYM
ajeer-229	272	136	(	(	PUNCT
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ajeer-229	272	138	)	)	PUNCT
ajeer-229	272	139	0.06	0.06	NUM
ajeer-229	272	140	(	(	PUNCT
ajeer-229	272	141	0.21	0.21	NUM
ajeer-229	272	142	)	)	PUNCT
ajeer-229	272	143	aud	aud	NOUN
ajeer-229	272	144	-0.04	-0.04	NUM
ajeer-229	272	145	(	(	PUNCT
ajeer-229	272	146	0.04	0.04	NUM
ajeer-229	272	147	)	)	PUNCT
ajeer-229	272	148	-0.04	-0.04	NUM
ajeer-229	272	149	*	*	PUNCT
ajeer-229	272	150	(	(	PUNCT
ajeer-229	272	151	0.02	0.02	NUM
ajeer-229	272	152	)	)	PUNCT
ajeer-229	272	153	-0.21	-0.21	NUM
ajeer-229	272	154	(	(	PUNCT
ajeer-229	272	155	0.19	0.19	NUM
ajeer-229	272	156	)	)	PUNCT
ajeer-229	272	157	-0.20	-0.20	NOUN
ajeer-229	272	158	*	*	PUNCT
ajeer-229	272	159	*	*	PUNCT
ajeer-229	272	160	(	(	PUNCT
ajeer-229	272	161	0.07	0.07	NUM
ajeer-229	272	162	)	)	PUNCT
ajeer-229	272	163	0.06	0.06	NUM
ajeer-229	272	164	(	(	PUNCT
ajeer-229	272	165	0.06	0.06	NUM
ajeer-229	272	166	)	)	PUNCT
ajeer-229	272	167	0.09	0.09	NUM
ajeer-229	272	168	*	*	PUNCT
ajeer-229	272	169	*	*	PUNCT
ajeer-229	272	170	*	*	PUNCT
ajeer-229	272	171	(	(	PUNCT
ajeer-229	272	172	0.03	0.03	NUM
ajeer-229	272	173	)	)	PUNCT
ajeer-229	272	174	idr	idr	NOUN
ajeer-229	272	175	0.03	0.03	NUM
ajeer-229	272	176	(	(	PUNCT
ajeer-229	272	177	0.03	0.03	NUM
ajeer-229	272	178	)	)	PUNCT
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ajeer-229	272	180	*	*	PUNCT
ajeer-229	272	181	*	*	PUNCT
ajeer-229	272	182	(	(	PUNCT
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ajeer-229	272	184	)	)	PUNCT
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ajeer-229	272	186	(	(	PUNCT
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ajeer-229	272	188	)	)	PUNCT
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ajeer-229	272	190	*	*	PUNCT
ajeer-229	272	191	(	(	PUNCT
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ajeer-229	272	193	)	)	PUNCT
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ajeer-229	272	195	*	*	PUNCT
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ajeer-229	272	199	)	)	PUNCT
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ajeer-229	272	202	(	(	PUNCT
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ajeer-229	272	204	)	)	PUNCT
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ajeer-229	272	206	(	(	PUNCT
ajeer-229	272	207	0.20	0.20	NUM
ajeer-229	272	208	)	)	PUNCT
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ajeer-229	272	210	(	(	PUNCT
ajeer-229	272	211	010	010	NUM
ajeer-229	272	212	)	)	PUNCT
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ajeer-229	272	215	(	(	PUNCT
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ajeer-229	272	217	)	)	PUNCT
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ajeer-229	272	221	)	)	PUNCT
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ajeer-229	272	223	(	(	PUNCT
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ajeer-229	272	225	)	)	PUNCT
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ajeer-229	272	230	)	)	PUNCT
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ajeer-229	272	232	(	(	PUNCT
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ajeer-229	272	234	)	)	PUNCT
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ajeer-229	272	236	(	(	PUNCT
ajeer-229	272	237	0.09	0.09	NUM
ajeer-229	272	238	)	)	PUNCT
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ajeer-229	272	241	*	*	PUNCT
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ajeer-229	272	243	*	*	PUNCT
ajeer-229	272	244	(	(	PUNCT
ajeer-229	272	245	0.18	0.18	NUM
ajeer-229	272	246	)	)	PUNCT
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ajeer-229	273	1	*	*	PUNCT
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ajeer-229	273	4	(	(	PUNCT
ajeer-229	273	5	0.13	0.13	NUM
ajeer-229	273	6	)	)	PUNCT
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ajeer-229	274	1	*	*	PUNCT
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ajeer-229	274	3	(	(	PUNCT
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ajeer-229	274	5	)	)	PUNCT
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ajeer-229	274	7	*	*	PROPN
ajeer-229	274	8	*	*	PUNCT
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ajeer-229	274	10	(	(	PUNCT
ajeer-229	274	11	0.18	0.18	NUM
ajeer-229	274	12	)	)	PUNCT
ajeer-229	274	13	-0.69	-0.69	NOUN
ajeer-229	274	14	*	*	NOUN
ajeer-229	274	15	*	*	PUNCT
ajeer-229	274	16	*	*	PUNCT
ajeer-229	274	17	(	(	PUNCT
ajeer-229	274	18	0.15	0.15	NUM
ajeer-229	274	19	)	)	PUNCT
ajeer-229	274	20	-0.57	-0.57	NOUN
ajeer-229	275	1	*	*	PUNCT
ajeer-229	275	2	*	*	PUNCT
ajeer-229	275	3	*	*	PUNCT
ajeer-229	275	4	(	(	PUNCT
ajeer-229	275	5	0.12	0.12	NUM
ajeer-229	275	6	)	)	PUNCT
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ajeer-229	275	9	*	*	NOUN
ajeer-229	275	10	*	*	PUNCT
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ajeer-229	275	13	0.20	0.20	NUM
ajeer-229	275	14	)	)	PUNCT
ajeer-229	275	15	-0.49	-0.49	ADP
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ajeer-229	275	17	*	*	PUNCT
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ajeer-229	275	19	(	(	PUNCT
ajeer-229	275	20	0.14	0.14	NUM
ajeer-229	275	21	)	)	PUNCT
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ajeer-229	275	23	(	(	PUNCT
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ajeer-229	275	25	)	)	PUNCT
ajeer-229	275	26	-0.35	-0.35	NOUN
ajeer-229	276	1	*	*	NOUN
ajeer-229	276	2	*	*	PUNCT
ajeer-229	276	3	(	(	PUNCT
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ajeer-229	276	5	)	)	PUNCT
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ajeer-229	276	7	*	*	PUNCT
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ajeer-229	276	11	0.16	0.16	NUM
ajeer-229	276	12	)	)	PUNCT
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ajeer-229	276	14	*	*	PUNCT
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ajeer-229	276	17	(	(	PUNCT
ajeer-229	276	18	0.12	0.12	NUM
ajeer-229	276	19	)	)	PUNCT
ajeer-229	276	20	lag	lag	VERB
ajeer-229	276	21	3	3	NUM
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ajeer-229	276	23	*	*	NOUN
ajeer-229	276	24	*	*	PUNCT
ajeer-229	276	25	(	(	PUNCT
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ajeer-229	276	27	)	)	PUNCT
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ajeer-229	276	29	*	*	PUNCT
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ajeer-229	276	34	)	)	PUNCT
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ajeer-229	276	36	(	(	PUNCT
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ajeer-229	276	38	)	)	PUNCT
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ajeer-229	276	43	(	(	PUNCT
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ajeer-229	276	45	)	)	PUNCT
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ajeer-229	276	47	*	*	PUNCT
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ajeer-229	276	50	(	(	PUNCT
ajeer-229	276	51	0.11	0.11	NUM
ajeer-229	276	52	)	)	PUNCT
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ajeer-229	276	55	(	(	PUNCT
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ajeer-229	276	57	)	)	PUNCT
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ajeer-229	276	59	(	(	PUNCT
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ajeer-229	276	61	)	)	PUNCT
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ajeer-229	276	65	)	)	PUNCT
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ajeer-229	276	70	)	)	PUNCT
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ajeer-229	276	72	(	(	PUNCT
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ajeer-229	276	74	)	)	PUNCT
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ajeer-229	277	1	*	*	NOUN
ajeer-229	277	2	*	*	PUNCT
ajeer-229	277	3	(	(	PUNCT
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ajeer-229	277	5	)	)	PUNCT
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ajeer-229	277	7	(	(	PUNCT
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ajeer-229	277	9	)	)	PUNCT
ajeer-229	277	10	adj	adj	PROPN
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ajeer-229	277	14	0.51	0.51	NUM
ajeer-229	277	15	0.03	0.03	NUM
ajeer-229	277	16	0.32	0.32	NUM
ajeer-229	277	17	0.38	0.38	NUM
ajeer-229	277	18	0.44	0.44	NUM
ajeer-229	277	19	obs	ob	NOUN
ajeer-229	277	20	.	.	PUNCT
ajeer-229	278	1	59	59	NUM
ajeer-229	278	2	58	58	NUM
ajeer-229	278	3	32	32	NUM
ajeer-229	278	4	32	32	NUM
ajeer-229	278	5	58	58	NUM
ajeer-229	278	6	58	58	NUM
ajeer-229	278	7	source	source	NOUN
ajeer-229	278	8	:	:	PUNCT
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ajeer-229	278	10	economic	economic	PROPN
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ajeer-229	278	12	(	(	PUNCT
ajeer-229	278	13	tej	tej	PROPN
ajeer-229	278	14	)	)	PUNCT
ajeer-229	278	15	.	.	PUNCT
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ajeer-229	279	2	journal	journal	PROPN
ajeer-229	279	3	of	of	ADP
ajeer-229	279	4	economics	economic	NOUN
ajeer-229	279	5	and	and	CCONJ
ajeer-229	279	6	empirical	empirical	ADJ
ajeer-229	279	7	research	research	NOUN
ajeer-229	279	8	,	,	PUNCT
ajeer-229	279	9	2017	2017	NUM
ajeer-229	279	10	,	,	PUNCT
ajeer-229	279	11	4(1	4(1	NOUN
ajeer-229	279	12	):	):	PUNCT
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ajeer-229	279	14	-	-	SYM
ajeer-229	279	15	48	48	NUM
ajeer-229	279	16	41	41	NUM
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ajeer-229	279	18	regression	regression	NOUN
ajeer-229	279	19	model	model	NOUN
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ajeer-229	279	21	given	give	VERB
ajeer-229	279	22	above	above	ADV
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ajeer-229	279	24	.	.	PUNCT
ajeer-229	280	1	,	,	PUNCT
ajeer-229	280	2	,	,	PUNCT
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ajeer-229	280	5	,	,	PUNCT
ajeer-229	280	6	,	,	PUNCT
ajeer-229	280	7	,	,	PUNCT
ajeer-229	280	8	,	,	PUNCT
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ajeer-229	280	10	n	n	PRON
ajeer-229	280	11	j	j	PROPN
ajeer-229	280	12	tjji	tjji	NOUN
ajeer-229	280	13	p	p	PROPN
ajeer-229	280	14	k	k	PROPN
ajeer-229	280	15	ktikitmiiti	ktikitmiiti	PROPN
ajeer-229	280	16	asizefxroadrmrfroad	asizefxroadrmrfroad	PROPN
ajeer-229	280	17			PROPN
ajeer-229	280	18			PUNCT
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ajeer-229	280	20			VERB
ajeer-229	280	21			NUM
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ajeer-229	280	26	)	)	PUNCT
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ajeer-229	280	30	1,,,1	1,,,1	NUM
ajeer-229	280	31			PROPN
ajeer-229	280	32			NOUN
ajeer-229	280	33	ttt	ttt	PROPN
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ajeer-229	280	35	on	on	ADP
ajeer-229	280	36	all	all	DET
ajeer-229	280	37	exchange	exchange	NOUN
ajeer-229	280	38	fluctuations	fluctuation	NOUN
ajeer-229	280	39	,	,	PUNCT
ajeer-229	280	40	lagged	lag	VERB
ajeer-229	280	41	variables	variable	NOUN
ajeer-229	280	42	and	and	CCONJ
ajeer-229	280	43	the	the	DET
ajeer-229	280	44	control	control	NOUN
ajeer-229	280	45	variables	variable	NOUN
ajeer-229	280	46	.	.	PUNCT
ajeer-229	281	1	and	and	CCONJ
ajeer-229	281	2	model	model	PROPN
ajeer-229	281	3	ii	ii	PROPN
ajeer-229	281	4	regresses	regresses	AUX
ajeer-229	281	5	road1	road1	VERB
ajeer-229	281	6	on	on	ADP
ajeer-229	281	7	all	all	DET
ajeer-229	281	8	variables	variable	NOUN
ajeer-229	281	9	but	but	CCONJ
ajeer-229	281	10	selected	select	VERB
ajeer-229	281	11	by	by	ADP
ajeer-229	281	12	eliminating	eliminate	VERB
ajeer-229	281	13	higher	high	ADJ
ajeer-229	281	14	p	p	ADJ
ajeer-229	281	15	-	-	PUNCT
ajeer-229	281	16	value	value	NOUN
ajeer-229	281	17	explanatory	explanatory	ADJ
ajeer-229	281	18	variables	variable	NOUN
ajeer-229	281	19	.	.	PUNCT
ajeer-229	282	1	the	the	DET
ajeer-229	282	2	values	value	NOUN
ajeer-229	282	3	in	in	ADP
ajeer-229	282	4	the	the	DET
ajeer-229	282	5	parentheses	parenthesis	NOUN
ajeer-229	282	6	are	be	AUX
ajeer-229	282	7	standard	standard	ADJ
ajeer-229	282	8	error	error	NOUN
ajeer-229	282	9	of	of	ADP
ajeer-229	282	10	the	the	DET
ajeer-229	282	11	estimates	estimate	NOUN
ajeer-229	282	12	.	.	PUNCT
ajeer-229	283	1	and	and	CCONJ
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ajeer-229	283	3	,	,	PUNCT
ajeer-229	283	4	*	*	PUNCT
ajeer-229	283	5	*	*	PUNCT
ajeer-229	283	6	and	and	CCONJ
ajeer-229	283	7	*	*	PUNCT
ajeer-229	283	8	*	*	PUNCT
ajeer-229	283	9	*	*	PUNCT
ajeer-229	283	10	stand	stand	VERB
ajeer-229	283	11	for	for	ADP
ajeer-229	283	12	10	10	NUM
ajeer-229	283	13	%	%	NOUN
ajeer-229	283	14	,	,	PUNCT
ajeer-229	283	15	5	5	NUM
ajeer-229	283	16	%	%	NOUN
ajeer-229	283	17	and	and	CCONJ
ajeer-229	283	18	1	1	NUM
ajeer-229	283	19	%	%	NOUN
ajeer-229	283	20	level	level	NOUN
ajeer-229	283	21	of	of	ADP
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ajeer-229	283	23	,	,	PUNCT
ajeer-229	283	24	respectively	respectively	ADV
ajeer-229	283	25	.	.	PUNCT
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ajeer-229	284	2	.	.	PUNCT
ajeer-229	285	1	regression	regression	NOUN
ajeer-229	285	2	on	on	ADP
ajeer-229	285	3	roa	roa	PROPN
ajeer-229	285	4	(	(	PUNCT
ajeer-229	285	5	continued	continued	ADJ
ajeer-229	285	6	)	)	PUNCT
ajeer-229	285	7	.	.	PUNCT
ajeer-229	286	1	company	company	NOUN
ajeer-229	286	2	first	first	ADJ
ajeer-229	286	3	hotel	hotel	PROPN
ajeer-229	286	4	company	company	PROPN
ajeer-229	286	5	ltd	ltd	PROPN
ajeer-229	286	6	.	.	PROPN
ajeer-229	286	7	(	(	PUNCT
ajeer-229	286	8	2706	2706	NUM
ajeer-229	286	9	)	)	PUNCT
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ajeer-229	286	11	hotels	hotel	NOUN
ajeer-229	286	12	international	international	PROPN
ajeer-229	286	13	inc	inc	PROPN
ajeer-229	286	14	.	.	PROPN
ajeer-229	286	15	(	(	PUNCT
ajeer-229	286	16	2718	2718	NUM
ajeer-229	286	17	)	)	PUNCT
ajeer-229	286	18	chateau	chateau	PROPN
ajeer-229	286	19	international	international	PROPN
ajeer-229	286	20	development	development	PROPN
ajeer-229	286	21	co.	co.	PROPN
ajeer-229	286	22	,	,	PUNCT
ajeer-229	286	23	ltd	ltd	PROPN
ajeer-229	286	24	.	.	PROPN
ajeer-229	286	25	(	(	PUNCT
ajeer-229	286	26	2722	2722	NUM
ajeer-229	286	27	)	)	PUNCT
ajeer-229	286	28	variables	variable	NOUN
ajeer-229	286	29	model	model	NOUN
ajeer-229	286	30	i	i	PRON
ajeer-229	286	31	model	model	PROPN
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ajeer-229	286	33	model	model	NOUN
ajeer-229	286	34	i	i	PRON
ajeer-229	286	35	model	model	PROPN
ajeer-229	286	36	ii	ii	PROPN
ajeer-229	286	37	model	model	NOUN
ajeer-229	286	38	i	i	PRON
ajeer-229	286	39	model	model	VERB
ajeer-229	286	40	ii	ii	PROPN
ajeer-229	286	41	const	const	PROPN
ajeer-229	286	42	.	.	PUNCT
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ajeer-229	287	4	)	)	PUNCT
ajeer-229	287	5	-14.17	-14.17	PROPN
ajeer-229	287	6	*	*	PUNCT
ajeer-229	287	7	37.34	37.34	NUM
ajeer-229	287	8	(	(	PUNCT
ajeer-229	287	9	58.01	58.01	NUM
ajeer-229	287	10	)	)	PUNCT
ajeer-229	287	11	0.71	0.71	NUM
ajeer-229	287	12	*	*	PUNCT
ajeer-229	287	13	*	*	PUNCT
ajeer-229	287	14	*	*	PUNCT
ajeer-229	287	15	(	(	PUNCT
ajeer-229	287	16	0.12	0.12	NUM
ajeer-229	287	17	)	)	PUNCT
ajeer-229	287	18	-1957	-1957	NOUN
ajeer-229	287	19	*	*	NOUN
ajeer-229	287	20	*	*	PUNCT
ajeer-229	287	21	(	(	PUNCT
ajeer-229	287	22	542.5	542.5	NUM
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ajeer-229	287	42	)	)	PUNCT
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ajeer-229	287	49	)	)	PUNCT
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ajeer-229	287	54	)	)	PUNCT
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ajeer-229	287	65	)	)	PUNCT
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ajeer-229	287	71	)	)	PUNCT
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ajeer-229	287	76	)	)	PUNCT
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ajeer-229	287	80	)	)	PUNCT
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ajeer-229	287	82	*	*	PUNCT
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ajeer-229	287	87	)	)	PUNCT
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ajeer-229	287	92	)	)	PUNCT
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ajeer-229	287	96	)	)	PUNCT
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ajeer-229	287	98	*	*	PUNCT
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ajeer-229	287	103	)	)	PUNCT
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ajeer-229	287	105	*	*	PUNCT
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ajeer-229	287	107	(	(	PUNCT
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ajeer-229	287	109	)	)	PUNCT
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ajeer-229	287	112	(	(	PUNCT
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ajeer-229	287	114	)	)	PUNCT
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ajeer-229	287	118	)	)	PUNCT
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ajeer-229	287	120	*	*	PUNCT
ajeer-229	287	121	*	*	PUNCT
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ajeer-229	287	123	(	(	PUNCT
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ajeer-229	287	125	)	)	PUNCT
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ajeer-229	287	127	*	*	PUNCT
ajeer-229	287	128	*	*	PUNCT
ajeer-229	287	129	(	(	PUNCT
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ajeer-229	287	131	)	)	PUNCT
ajeer-229	287	132	krw	krw	PROPN
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ajeer-229	287	135	0.02	0.02	NUM
ajeer-229	287	136	)	)	PUNCT
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ajeer-229	287	138	(	(	PUNCT
ajeer-229	287	139	0.23	0.23	NUM
ajeer-229	287	140	)	)	PUNCT
ajeer-229	287	141	-5.31	-5.31	X
ajeer-229	287	142	*	*	PUNCT
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ajeer-229	287	144	(	(	PUNCT
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ajeer-229	287	146	)	)	PUNCT
ajeer-229	287	147	gbp	gbp	NOUN
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ajeer-229	287	149	(	(	PUNCT
ajeer-229	287	150	0.03	0.03	NUM
ajeer-229	287	151	)	)	PUNCT
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ajeer-229	287	153	(	(	PUNCT
ajeer-229	287	154	0.38	0.38	NUM
ajeer-229	287	155	)	)	PUNCT
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ajeer-229	287	157	*	*	PUNCT
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ajeer-229	287	162	)	)	PUNCT
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ajeer-229	287	165	(	(	PUNCT
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ajeer-229	287	167	)	)	PUNCT
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ajeer-229	287	171	)	)	PUNCT
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ajeer-229	287	173	*	*	NOUN
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ajeer-229	287	177	)	)	PUNCT
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ajeer-229	287	181	)	)	PUNCT
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ajeer-229	287	187	)	)	PUNCT
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ajeer-229	288	4	)	)	PUNCT
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ajeer-229	288	8	)	)	PUNCT
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ajeer-229	288	14	)	)	PUNCT
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ajeer-229	288	21	)	)	PUNCT
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ajeer-229	288	26	)	)	PUNCT
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ajeer-229	288	31	)	)	PUNCT
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ajeer-229	288	35	)	)	PUNCT
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ajeer-229	288	37	*	*	PUNCT
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ajeer-229	288	42	)	)	PUNCT
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ajeer-229	288	45	(	(	PUNCT
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ajeer-229	288	47	)	)	PUNCT
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ajeer-229	288	50	(	(	PUNCT
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ajeer-229	288	52	)	)	PUNCT
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ajeer-229	288	56	)	)	PUNCT
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ajeer-229	288	63	)	)	PUNCT
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ajeer-229	288	70	)	)	PUNCT
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ajeer-229	288	75	)	)	PUNCT
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ajeer-229	288	85	)	)	PUNCT
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ajeer-229	288	88	(	(	PUNCT
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ajeer-229	288	90	)	)	PUNCT
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ajeer-229	288	92	*	*	PUNCT
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ajeer-229	288	97	)	)	PUNCT
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ajeer-229	288	101	)	)	PUNCT
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ajeer-229	288	107	)	)	PUNCT
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ajeer-229	288	115	)	)	PUNCT
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ajeer-229	288	122	)	)	PUNCT
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ajeer-229	288	126	)	)	PUNCT
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ajeer-229	288	133	)	)	PUNCT
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ajeer-229	288	138	)	)	PUNCT
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ajeer-229	288	149	)	)	PUNCT
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ajeer-229	288	155	)	)	PUNCT
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ajeer-229	288	157	(	(	PUNCT
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ajeer-229	288	159	)	)	PUNCT
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ajeer-229	288	166	)	)	PUNCT
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ajeer-229	288	169	*	*	PUNCT
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ajeer-229	288	174	)	)	PUNCT
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ajeer-229	288	181	)	)	PUNCT
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ajeer-229	288	185	)	)	PUNCT
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ajeer-229	288	190	)	)	PUNCT
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ajeer-229	288	195	)	)	PUNCT
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ajeer-229	288	205	)	)	PUNCT
ajeer-229	288	206	adj	adj	PROPN
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ajeer-229	289	5	20	20	NUM
ajeer-229	289	6	20	20	NUM
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ajeer-229	289	14	)	)	PUNCT
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ajeer-229	290	4	4	4	NUM
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ajeer-229	290	7	can	can	AUX
ajeer-229	290	8	find	find	VERB
ajeer-229	290	9	that	that	SCONJ
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ajeer-229	290	11	all	all	DET
ajeer-229	290	12	estimates	estimate	NOUN
ajeer-229	290	13	of	of	ADP
ajeer-229	290	14	the	the	DET
ajeer-229	290	15	lagged	lag	VERB
ajeer-229	290	16	variables	variable	NOUN
ajeer-229	290	17	are	be	AUX
ajeer-229	290	18	significant	significant	ADJ
ajeer-229	290	19	and	and	CCONJ
ajeer-229	290	20	negative	negative	ADJ
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ajeer-229	290	22	such	such	ADJ
ajeer-229	290	23	as	as	ADP
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ajeer-229	290	26	development	development	PROPN
ajeer-229	290	27	co.	co.	PROPN
ajeer-229	290	28	,	,	PUNCT
ajeer-229	290	29	ltd	ltd	PROPN
ajeer-229	290	30	.	.	PROPN
ajeer-229	290	31	(	(	PUNCT
ajeer-229	290	32	2705	2705	NUM
ajeer-229	290	33	)	)	PUNCT
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ajeer-229	290	36	international	international	PROPN
ajeer-229	290	37	hotels	hotel	NOUN
ajeer-229	290	38	corporation	corporation	NOUN
ajeer-229	290	39	(	(	PUNCT
ajeer-229	290	40	2707	2707	NUM
ajeer-229	290	41	)	)	PUNCT
ajeer-229	290	42	,	,	PUNCT
ajeer-229	290	43	janfusun	janfusun	PROPN
ajeer-229	290	44	fancyworld	fancyworld	PROPN
ajeer-229	290	45	corp	corp	PROPN
ajeer-229	290	46	.	.	PROPN
ajeer-229	290	47	(	(	PUNCT
ajeer-229	290	48	5701	5701	NUM
ajeer-229	290	49	)	)	PUNCT
ajeer-229	290	50	,	,	PUNCT
ajeer-229	290	51	the	the	DET
ajeer-229	290	52	landis	landis	PROPN
ajeer-229	290	53	taipei	taipei	PROPN
ajeer-229	290	54	hotel	hotel	PROPN
ajeer-229	290	55	co.	co.	PROPN
ajeer-229	290	56	,	,	PUNCT
ajeer-229	290	57	ltd	ltd	PROPN
ajeer-229	290	58	.	.	PROPN
ajeer-229	290	59	(	(	PUNCT
ajeer-229	290	60	5703	5703	NUM
ajeer-229	290	61	)	)	PUNCT
ajeer-229	290	62	,	,	PUNCT
ajeer-229	290	63	and	and	CCONJ
ajeer-229	290	64	hotel	hotel	NOUN
ajeer-229	290	65	royal	royal	ADJ
ajeer-229	290	66	chihpen	chihpen	NOUN
ajeer-229	290	67	(	(	PUNCT
ajeer-229	290	68	5704	5704	NUM
ajeer-229	290	69	)	)	PUNCT
ajeer-229	290	70	.	.	PUNCT
ajeer-229	291	1	it	it	PRON
ajeer-229	291	2	implies	imply	VERB
ajeer-229	291	3	that	that	SCONJ
ajeer-229	291	4	those	those	DET
ajeer-229	291	5	road1	road1	NOUN
ajeer-229	291	6	are	be	AUX
ajeer-229	291	7	mean	mean	ADJ
ajeer-229	291	8	-	-	PUNCT
ajeer-229	291	9	reverting	revert	VERB
ajeer-229	291	10	.	.	PUNCT
ajeer-229	292	1	as	as	SCONJ
ajeer-229	292	2	the	the	DET
ajeer-229	292	3	estimates	estimate	NOUN
ajeer-229	292	4	of	of	ADP
ajeer-229	292	5	third	third	ADV
ajeer-229	292	6	-	-	PUNCT
ajeer-229	292	7	lagged	lag	VERB
ajeer-229	292	8	variables	variable	NOUN
ajeer-229	292	9	are	be	AUX
ajeer-229	292	10	also	also	ADV
ajeer-229	292	11	significant	significant	ADJ
ajeer-229	292	12	,	,	PUNCT
ajeer-229	292	13	then	then	ADV
ajeer-229	292	14	we	we	PRON
ajeer-229	292	15	can	can	AUX
ajeer-229	292	16	conclude	conclude	VERB
ajeer-229	292	17	that	that	SCONJ
ajeer-229	292	18	there	there	PRON
ajeer-229	292	19	is	be	VERB
ajeer-229	292	20	a	a	DET
ajeer-229	292	21	seasonal	seasonal	ADJ
ajeer-229	292	22	effect	effect	NOUN
ajeer-229	292	23	on	on	ADP
ajeer-229	292	24	the	the	DET
ajeer-229	292	25	company‟s	company‟s	ADJ
ajeer-229	292	26	roa	roa	NOUN
ajeer-229	292	27	.	.	PUNCT
ajeer-229	293	1	moreover	moreover	ADV
ajeer-229	293	2	,	,	PUNCT
ajeer-229	293	3	some	some	DET
ajeer-229	293	4	estimates	estimate	NOUN
ajeer-229	293	5	of	of	ADP
ajeer-229	293	6	size	size	NOUN
ajeer-229	293	7	are	be	AUX
ajeer-229	293	8	significant	significant	ADJ
ajeer-229	293	9	in	in	ADP
ajeer-229	293	10	table	table	NOUN
ajeer-229	293	11	4	4	NUM
ajeer-229	293	12	.	.	PUNCT
ajeer-229	293	13	when	when	SCONJ
ajeer-229	293	14	it	it	PRON
ajeer-229	293	15	is	be	AUX
ajeer-229	293	16	positive	positive	ADJ
ajeer-229	293	17	,	,	PUNCT
ajeer-229	293	18	such	such	ADJ
ajeer-229	293	19	as	as	ADP
ajeer-229	293	20	that	that	PRON
ajeer-229	293	21	in	in	ADP
ajeer-229	293	22	chateau	chateau	PROPN
ajeer-229	293	23	international	international	PROPN
ajeer-229	293	24	development	development	PROPN
ajeer-229	293	25	co.	co.	PROPN
ajeer-229	293	26	,	,	PUNCT
ajeer-229	293	27	ltd	ltd	PROPN
ajeer-229	293	28	.	.	PROPN
ajeer-229	293	29	(	(	PUNCT
ajeer-229	293	30	2722	2722	NUM
ajeer-229	293	31	)	)	PUNCT
ajeer-229	293	32	,	,	PUNCT
ajeer-229	293	33	the	the	DET
ajeer-229	293	34	company	company	NOUN
ajeer-229	293	35	may	may	AUX
ajeer-229	293	36	increase	increase	VERB
ajeer-229	293	37	its	its	PRON
ajeer-229	293	38	own	own	ADJ
ajeer-229	293	39	assets	asset	NOUN
ajeer-229	293	40	to	to	PART
ajeer-229	293	41	increase	increase	VERB
ajeer-229	293	42	its	its	PRON
ajeer-229	293	43	road1	road1	NOUN
ajeer-229	293	44	,	,	PUNCT
ajeer-229	293	45	so	so	ADV
ajeer-229	293	46	to	to	ADP
ajeer-229	293	47	its	its	PRON
ajeer-229	293	48	roa	roa	NOUN
ajeer-229	293	49	,	,	PUNCT
ajeer-229	293	50	too	too	ADV
ajeer-229	293	51	.	.	PUNCT
ajeer-229	294	1	since	since	SCONJ
ajeer-229	294	2	it	it	PRON
ajeer-229	294	3	can	can	AUX
ajeer-229	294	4	operate	operate	VERB
ajeer-229	294	5	efficiently	efficiently	ADV
ajeer-229	294	6	its	its	PRON
ajeer-229	294	7	assets	asset	NOUN
ajeer-229	294	8	to	to	PART
ajeer-229	294	9	generate	generate	VERB
ajeer-229	294	10	more	more	ADJ
ajeer-229	294	11	profit	profit	NOUN
ajeer-229	294	12	and	and	CCONJ
ajeer-229	294	13	then	then	ADV
ajeer-229	294	14	to	to	PART
ajeer-229	294	15	be	be	AUX
ajeer-229	294	16	a	a	DET
ajeer-229	294	17	well	well	ADV
ajeer-229	294	18	-	-	PUNCT
ajeer-229	294	19	performed	perform	VERB
ajeer-229	294	20	company	company	NOUN
ajeer-229	294	21	.	.	PUNCT
ajeer-229	295	1	on	on	ADP
ajeer-229	295	2	the	the	DET
ajeer-229	295	3	other	other	ADJ
ajeer-229	295	4	hand	hand	NOUN
ajeer-229	295	5	,	,	PUNCT
ajeer-229	295	6	when	when	SCONJ
ajeer-229	295	7	the	the	DET
ajeer-229	295	8	estimate	estimate	NOUN
ajeer-229	295	9	of	of	ADP
ajeer-229	295	10	size	size	NOUN
ajeer-229	295	11	is	be	AUX
ajeer-229	295	12	negative	negative	ADJ
ajeer-229	295	13	,	,	PUNCT
ajeer-229	295	14	such	such	ADJ
ajeer-229	295	15	as	as	ADP
ajeer-229	295	16	those	those	PRON
ajeer-229	295	17	in	in	ADP
ajeer-229	295	18	leofoo	leofoo	PROPN
ajeer-229	295	19	development	development	PROPN
ajeer-229	295	20	co.	co.	PROPN
ajeer-229	295	21	,	,	PUNCT
ajeer-229	295	22	ltd	ltd	PROPN
ajeer-229	295	23	.	.	PROPN
ajeer-229	295	24	(	(	PUNCT
ajeer-229	295	25	2705	2705	NUM
ajeer-229	295	26	)	)	PUNCT
ajeer-229	295	27	and	and	CCONJ
ajeer-229	295	28	fx	fx	PROPN
ajeer-229	295	29	hotels	hotel	NOUN
ajeer-229	295	30	group	group	PROPN
ajeer-229	295	31	inc	inc	PROPN
ajeer-229	295	32	.	.	PROPN
ajeer-229	296	1	(	(	PUNCT
ajeer-229	296	2	2724	2724	NUM
ajeer-229	296	3	-	-	SYM
ajeer-229	296	4	f	f	NOUN
ajeer-229	296	5	)	)	PUNCT
ajeer-229	296	6	,	,	PUNCT
ajeer-229	296	7	the	the	DET
ajeer-229	296	8	company	company	NOUN
ajeer-229	296	9	may	may	AUX
ajeer-229	296	10	dispose	dispose	VERB
ajeer-229	296	11	some	some	PRON
ajeer-229	296	12	of	of	ADP
ajeer-229	296	13	its	its	PRON
ajeer-229	296	14	idle	idle	ADJ
ajeer-229	296	15	assets	asset	NOUN
ajeer-229	296	16	or	or	CCONJ
ajeer-229	296	17	non	non	ADJ
ajeer-229	296	18	-	-	ADJ
ajeer-229	296	19	performed	performed	ADJ
ajeer-229	296	20	assets	asset	NOUN
ajeer-229	296	21	to	to	PART
ajeer-229	296	22	reduce	reduce	VERB
ajeer-229	296	23	the	the	DET
ajeer-229	296	24	inefficient	inefficient	ADJ
ajeer-229	296	25	effect	effect	NOUN
ajeer-229	296	26	of	of	ADP
ajeer-229	296	27	these	these	DET
ajeer-229	296	28	assets	asset	NOUN
ajeer-229	296	29	.	.	PUNCT
ajeer-229	297	1	as	as	ADP
ajeer-229	297	2	a	a	DET
ajeer-229	297	3	result	result	NOUN
ajeer-229	297	4	,	,	PUNCT
ajeer-229	297	5	the	the	DET
ajeer-229	297	6	company‟s	company‟s	ADJ
ajeer-229	297	7	roa	roa	NOUN
ajeer-229	297	8	will	will	AUX
ajeer-229	297	9	be	be	AUX
ajeer-229	297	10	improved	improve	VERB
ajeer-229	297	11	.	.	PUNCT
ajeer-229	298	1	asian	asian	ADJ
ajeer-229	298	2	journal	journal	PROPN
ajeer-229	298	3	of	of	ADP
ajeer-229	298	4	economics	economic	NOUN
ajeer-229	298	5	and	and	CCONJ
ajeer-229	298	6	empirical	empirical	ADJ
ajeer-229	298	7	research	research	NOUN
ajeer-229	298	8	,	,	PUNCT
ajeer-229	298	9	2017	2017	NUM
ajeer-229	298	10	,	,	PUNCT
ajeer-229	298	11	4(1	4(1	NOUN
ajeer-229	298	12	):	):	PUNCT
ajeer-229	298	13	32	32	NUM
ajeer-229	298	14	-	-	SYM
ajeer-229	298	15	48	48	NUM
ajeer-229	298	16	42	42	NUM
ajeer-229	298	17	table-4	table-4	NOUN
ajeer-229	298	18	.	.	PUNCT
ajeer-229	299	1	regression	regression	NOUN
ajeer-229	299	2	on	on	ADP
ajeer-229	299	3	roa	roa	PROPN
ajeer-229	299	4	(	(	PUNCT
ajeer-229	299	5	continued	continued	ADJ
ajeer-229	299	6	)	)	PUNCT
ajeer-229	299	7	.	.	PUNCT
ajeer-229	300	1	company	company	NOUN
ajeer-229	300	2	janfusun	janfusun	PROPN
ajeer-229	300	3	fancyworld	fancyworld	PROPN
ajeer-229	300	4	corp	corp	PROPN
ajeer-229	300	5	.	.	PROPN
ajeer-229	300	6	(	(	PUNCT
ajeer-229	300	7	5701	5701	NUM
ajeer-229	300	8	)	)	PUNCT
ajeer-229	300	9	the	the	DET
ajeer-229	300	10	landis	landis	PROPN
ajeer-229	300	11	taipei	taipei	PROPN
ajeer-229	300	12	hotel	hotel	PROPN
ajeer-229	300	13	co.	co.	PROPN
ajeer-229	300	14	,	,	PUNCT
ajeer-229	300	15	ltd	ltd	PROPN
ajeer-229	300	16	.	.	PROPN
ajeer-229	300	17	(	(	PUNCT
ajeer-229	300	18	5703	5703	NUM
ajeer-229	300	19	)	)	PUNCT
ajeer-229	300	20	hotel	hotel	NOUN
ajeer-229	300	21	royal	royal	ADJ
ajeer-229	300	22	chihpen	chihpen	NOUN
ajeer-229	300	23	(	(	PUNCT
ajeer-229	300	24	5704	5704	NUM
ajeer-229	300	25	)	)	PUNCT
ajeer-229	300	26	variables	variable	NOUN
ajeer-229	300	27	model	model	NOUN
ajeer-229	300	28	i	i	PRON
ajeer-229	300	29	model	model	PROPN
ajeer-229	300	30	ii	ii	PROPN
ajeer-229	300	31	model	model	NOUN
ajeer-229	300	32	i	i	PRON
ajeer-229	300	33	model	model	PROPN
ajeer-229	300	34	ii	ii	PROPN
ajeer-229	300	35	model	model	NOUN
ajeer-229	300	36	i	i	PRON
ajeer-229	300	37	model	model	VERB
ajeer-229	300	38	ii	ii	PROPN
ajeer-229	300	39	const	const	PROPN
ajeer-229	300	40	.	.	PUNCT
ajeer-229	301	1	29.91	29.91	NUM
ajeer-229	301	2	(	(	PUNCT
ajeer-229	301	3	30.30	30.30	NUM
ajeer-229	301	4	)	)	PUNCT
ajeer-229	301	5	-0.12	-0.12	NUM
ajeer-229	301	6	(	(	PUNCT
ajeer-229	301	7	0.18	0.18	NUM
ajeer-229	301	8	)	)	PUNCT
ajeer-229	301	9	55.80	55.80	NUM
ajeer-229	301	10	(	(	PUNCT
ajeer-229	301	11	50.46	50.46	NUM
ajeer-229	301	12	)	)	PUNCT
ajeer-229	301	13	0.13	0.13	NUM
ajeer-229	301	14	(	(	PUNCT
ajeer-229	301	15	0.17	0.17	NUM
ajeer-229	301	16	)	)	PUNCT
ajeer-229	301	17	32.16	32.16	NUM
ajeer-229	301	18	*	*	SYM
ajeer-229	301	19	(	(	PUNCT
ajeer-229	301	20	19.05	19.05	NUM
ajeer-229	301	21	)	)	PUNCT
ajeer-229	301	22	0.00	0.00	NUM
ajeer-229	301	23	(	(	PUNCT
ajeer-229	301	24	0.12	0.12	NUM
ajeer-229	301	25	)	)	PUNCT
ajeer-229	301	26	rmrf	rmrf	NOUN
ajeer-229	301	27	0.04	0.04	NUM
ajeer-229	301	28	(	(	PUNCT
ajeer-229	301	29	0.05	0.05	NUM
ajeer-229	301	30	)	)	PUNCT
ajeer-229	301	31	0.06	0.06	NUM
ajeer-229	301	32	(	(	PUNCT
ajeer-229	301	33	0.03	0.03	NUM
ajeer-229	301	34	)	)	PUNCT
ajeer-229	301	35	0.07	0.07	NUM
ajeer-229	301	36	*	*	PUNCT
ajeer-229	301	37	*	*	PUNCT
ajeer-229	301	38	*	*	PUNCT
ajeer-229	301	39	(	(	PUNCT
ajeer-229	301	40	0.02	0.02	NUM
ajeer-229	301	41	)	)	PUNCT
ajeer-229	301	42	0.05	0.05	NUM
ajeer-229	301	43	*	*	PUNCT
ajeer-229	301	44	*	*	PUNCT
ajeer-229	301	45	(	(	PUNCT
ajeer-229	301	46	0.02	0.02	NUM
ajeer-229	301	47	)	)	PUNCT
ajeer-229	301	48	0.03	0.03	NUM
ajeer-229	301	49	*	*	PUNCT
ajeer-229	301	50	*	*	PUNCT
ajeer-229	301	51	(	(	PUNCT
ajeer-229	301	52	0.01	0.01	NUM
ajeer-229	301	53	)	)	PUNCT
ajeer-229	301	54	usd	usd	NOUN
ajeer-229	301	55	-0.24	-0.24	NOUN
ajeer-229	301	56	(	(	PUNCT
ajeer-229	301	57	0.31	0.31	NUM
ajeer-229	301	58	)	)	PUNCT
ajeer-229	301	59	0.10	0.10	NUM
ajeer-229	301	60	(	(	PUNCT
ajeer-229	301	61	0.24	0.24	NUM
ajeer-229	301	62	)	)	PUNCT
ajeer-229	301	63	0.07	0.07	NUM
ajeer-229	301	64	(	(	PUNCT
ajeer-229	301	65	0.17	0.17	NUM
ajeer-229	301	66	)	)	PUNCT
ajeer-229	301	67	jpy	jpy	PROPN
ajeer-229	301	68	-0.01	-0.01	NUM
ajeer-229	301	69	(	(	PUNCT
ajeer-229	301	70	0.08	0.08	NUM
ajeer-229	301	71	)	)	PUNCT
ajeer-229	301	72	-0.11	-0.11	NUM
ajeer-229	301	73	(	(	PUNCT
ajeer-229	301	74	0.08	0.08	NUM
ajeer-229	301	75	)	)	PUNCT
ajeer-229	301	76	0.07	0.07	NUM
ajeer-229	301	77	(	(	PUNCT
ajeer-229	301	78	0.05	0.05	NUM
ajeer-229	301	79	)	)	PUNCT
ajeer-229	301	80	cny	cny	NOUN
ajeer-229	301	81	0.38	0.38	NUM
ajeer-229	301	82	(	(	PUNCT
ajeer-229	301	83	0.36	0.36	NUM
ajeer-229	301	84	)	)	PUNCT
ajeer-229	301	85	0.10	0.10	NUM
ajeer-229	301	86	(	(	PUNCT
ajeer-229	301	87	0.27	0.27	NUM
ajeer-229	301	88	)	)	PUNCT
ajeer-229	301	89	0.22	0.22	NUM
ajeer-229	301	90	(	(	PUNCT
ajeer-229	301	91	0.19	0.19	NUM
ajeer-229	301	92	)	)	PUNCT
ajeer-229	301	93	0.22	0.22	NUM
ajeer-229	301	94	*	*	PUNCT
ajeer-229	301	95	*	*	PUNCT
ajeer-229	301	96	*	*	PUNCT
ajeer-229	301	97	(	(	PUNCT
ajeer-229	301	98	0.07	0.07	NUM
ajeer-229	301	99	)	)	PUNCT
ajeer-229	301	100	eur	eur	NOUN
ajeer-229	301	101	0.03	0.03	NUM
ajeer-229	301	102	(	(	PUNCT
ajeer-229	301	103	0.12	0.12	NUM
ajeer-229	301	104	)	)	PUNCT
ajeer-229	301	105	-0.11	-0.11	NUM
ajeer-229	301	106	(	(	PUNCT
ajeer-229	301	107	0.10	0.10	NUM
ajeer-229	301	108	)	)	PUNCT
ajeer-229	301	109	-0.12	-0.12	NOUN
ajeer-229	301	110	*	*	PUNCT
ajeer-229	301	111	(	(	PUNCT
ajeer-229	301	112	0.07	0.07	NUM
ajeer-229	301	113	)	)	PUNCT
ajeer-229	301	114	0.01	0.01	NUM
ajeer-229	301	115	(	(	PUNCT
ajeer-229	301	116	0.07	0.07	NUM
ajeer-229	301	117	)	)	PUNCT
ajeer-229	301	118	krw	krw	NOUN
ajeer-229	301	119	0.08	0.08	NUM
ajeer-229	301	120	(	(	PUNCT
ajeer-229	301	121	0.12	0.12	NUM
ajeer-229	301	122	)	)	PUNCT
ajeer-229	301	123	0.10	0.10	NUM
ajeer-229	301	124	*	*	SYM
ajeer-229	301	125	(	(	PUNCT
ajeer-229	301	126	0.05	0.05	NUM
ajeer-229	301	127	)	)	PUNCT
ajeer-229	301	128	0.07	0.07	NUM
ajeer-229	301	129	(	(	PUNCT
ajeer-229	301	130	0.09	0.09	NUM
ajeer-229	301	131	)	)	PUNCT
ajeer-229	301	132	0.27	0.27	NUM
ajeer-229	301	133	*	*	PUNCT
ajeer-229	301	134	*	*	PUNCT
ajeer-229	301	135	*	*	PUNCT
ajeer-229	301	136	(	(	PUNCT
ajeer-229	301	137	0.07	0.07	NUM
ajeer-229	301	138	)	)	PUNCT
ajeer-229	301	139	0.17	0.17	NUM
ajeer-229	301	140	*	*	PUNCT
ajeer-229	301	141	*	*	PUNCT
ajeer-229	301	142	*	*	PUNCT
ajeer-229	301	143	(	(	PUNCT
ajeer-229	301	144	0.04	0.04	NUM
ajeer-229	301	145	)	)	PUNCT
ajeer-229	301	146	gbp	gbp	NOUN
ajeer-229	301	147	-0.24	-0.24	NOUN
ajeer-229	301	148	(	(	PUNCT
ajeer-229	301	149	0.15	0.15	NUM
ajeer-229	301	150	)	)	PUNCT
ajeer-229	301	151	-0.16	-0.16	PROPN
ajeer-229	302	1	*	*	PUNCT
ajeer-229	302	2	*	*	PUNCT
ajeer-229	302	3	(	(	PUNCT
ajeer-229	302	4	0.06	0.06	NUM
ajeer-229	302	5	)	)	PUNCT
ajeer-229	302	6	0.00	0.00	NUM
ajeer-229	302	7	(	(	PUNCT
ajeer-229	302	8	0.10	0.10	NUM
ajeer-229	302	9	)	)	PUNCT
ajeer-229	302	10	-0.09	-0.09	NUM
ajeer-229	302	11	(	(	PUNCT
ajeer-229	302	12	0.07	0.07	NUM
ajeer-229	302	13	)	)	PUNCT
ajeer-229	302	14	sgd	sgd	PROPN
ajeer-229	302	15	0.29	0.29	NUM
ajeer-229	302	16	(	(	PUNCT
ajeer-229	302	17	0.37	0.37	NUM
ajeer-229	302	18	)	)	PUNCT
ajeer-229	302	19	-0.05	-0.05	NOUN
ajeer-229	302	20	(	(	PUNCT
ajeer-229	302	21	0.24	0.24	NUM
ajeer-229	302	22	)	)	PUNCT
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ajeer-229	302	24	*	*	PUNCT
ajeer-229	302	25	(	(	PUNCT
ajeer-229	302	26	0.18	0.18	NUM
ajeer-229	302	27	)	)	PUNCT
ajeer-229	302	28	-0.29	-0.29	NOUN
ajeer-229	302	29	*	*	PUNCT
ajeer-229	302	30	*	*	PUNCT
ajeer-229	302	31	*	*	PUNCT
ajeer-229	302	32	(	(	PUNCT
ajeer-229	302	33	0.09	0.09	NUM
ajeer-229	302	34	)	)	PUNCT
ajeer-229	302	35	aud	aud	NOUN
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ajeer-229	302	37	(	(	PUNCT
ajeer-229	302	38	0.12	0.12	NUM
ajeer-229	302	39	)	)	PUNCT
ajeer-229	302	40	0.22	0.22	NUM
ajeer-229	302	41	*	*	PUNCT
ajeer-229	302	42	*	*	PUNCT
ajeer-229	302	43	(	(	PUNCT
ajeer-229	302	44	0.09	0.09	NUM
ajeer-229	302	45	)	)	PUNCT
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ajeer-229	302	47	*	*	PUNCT
ajeer-229	302	48	*	*	PUNCT
ajeer-229	302	49	*	*	PUNCT
ajeer-229	302	50	(	(	PUNCT
ajeer-229	302	51	0.06	0.06	NUM
ajeer-229	302	52	)	)	PUNCT
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ajeer-229	302	54	(	(	PUNCT
ajeer-229	302	55	0.06	0.06	NUM
ajeer-229	302	56	)	)	PUNCT
ajeer-229	302	57	idr	idr	NOUN
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ajeer-229	302	59	(	(	PUNCT
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ajeer-229	302	61	)	)	PUNCT
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ajeer-229	302	63	(	(	PUNCT
ajeer-229	302	64	0.06	0.06	NUM
ajeer-229	302	65	)	)	PUNCT
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ajeer-229	302	67	(	(	PUNCT
ajeer-229	302	68	0.04	0.04	NUM
ajeer-229	302	69	)	)	PUNCT
ajeer-229	302	70	thb	thb	PROPN
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ajeer-229	302	72	(	(	PUNCT
ajeer-229	302	73	0.18	0.18	NUM
ajeer-229	302	74	)	)	PUNCT
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ajeer-229	302	76	(	(	PUNCT
ajeer-229	302	77	0.12	0.12	NUM
ajeer-229	302	78	)	)	PUNCT
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ajeer-229	302	80	*	*	PUNCT
ajeer-229	302	81	*	*	PUNCT
ajeer-229	302	82	(	(	PUNCT
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ajeer-229	302	84	)	)	PUNCT
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ajeer-229	302	86	(	(	PUNCT
ajeer-229	302	87	0.09	0.09	NUM
ajeer-229	302	88	)	)	PUNCT
ajeer-229	302	89	myr	myr	NOUN
ajeer-229	302	90	0.06	0.06	PROPN
ajeer-229	302	91	(	(	PUNCT
ajeer-229	302	92	0.17	0.17	NUM
ajeer-229	302	93	)	)	PUNCT
ajeer-229	302	94	-0.17	-0.17	NOUN
ajeer-229	302	95	(	(	PUNCT
ajeer-229	302	96	0.13	0.13	NUM
ajeer-229	302	97	)	)	PUNCT
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ajeer-229	302	99	(	(	PUNCT
ajeer-229	302	100	0.10	0.10	NUM
ajeer-229	302	101	)	)	PUNCT
ajeer-229	302	102	php	php	NOUN
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ajeer-229	302	104	(	(	PUNCT
ajeer-229	302	105	0.15	0.15	NUM
ajeer-229	302	106	)	)	PUNCT
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ajeer-229	302	108	(	(	PUNCT
ajeer-229	302	109	0.10	0.10	NUM
ajeer-229	302	110	)	)	PUNCT
ajeer-229	302	111	-0.10	-0.10	NUM
ajeer-229	302	112	(	(	PUNCT
ajeer-229	302	113	0.07	0.07	NUM
ajeer-229	302	114	)	)	PUNCT
ajeer-229	302	115	lag1	lag1	NOUN
ajeer-229	302	116	-0.65	-0.65	X
ajeer-229	302	117	*	*	PUNCT
ajeer-229	302	118	*	*	PUNCT
ajeer-229	302	119	(	(	PUNCT
ajeer-229	302	120	0.28	0.28	NUM
ajeer-229	302	121	)	)	PUNCT
ajeer-229	302	122	-0.64	-0.64	NOUN
ajeer-229	302	123	*	*	PUNCT
ajeer-229	302	124	*	*	PUNCT
ajeer-229	302	125	*	*	PUNCT
ajeer-229	302	126	(	(	PUNCT
ajeer-229	302	127	0.16	0.16	NUM
ajeer-229	302	128	)	)	PUNCT
ajeer-229	302	129	-0.77	-0.77	NOUN
ajeer-229	302	130	*	*	PUNCT
ajeer-229	302	131	*	*	PUNCT
ajeer-229	302	132	*	*	PUNCT
ajeer-229	302	133	(	(	PUNCT
ajeer-229	302	134	0.12	0.12	NUM
ajeer-229	302	135	)	)	PUNCT
ajeer-229	302	136	-0.77	-0.77	NOUN
ajeer-229	302	137	*	*	PUNCT
ajeer-229	302	138	*	*	PUNCT
ajeer-229	302	139	*	*	PUNCT
ajeer-229	302	140	(	(	PUNCT
ajeer-229	302	141	0.09	0.09	NUM
ajeer-229	302	142	)	)	PUNCT
ajeer-229	302	143	-1.08	-1.08	NOUN
ajeer-229	302	144	*	*	PUNCT
ajeer-229	302	145	*	*	PUNCT
ajeer-229	302	146	*	*	PUNCT
ajeer-229	302	147	(	(	PUNCT
ajeer-229	302	148	0.15	0.15	NUM
ajeer-229	302	149	)	)	PUNCT
ajeer-229	302	150	-0.99	-0.99	NOUN
ajeer-229	303	1	*	*	PUNCT
ajeer-229	303	2	*	*	PUNCT
ajeer-229	303	3	*	*	PUNCT
ajeer-229	303	4	(	(	PUNCT
ajeer-229	303	5	0.09	0.09	NUM
ajeer-229	303	6	)	)	PUNCT
ajeer-229	303	7	lag2	lag2	NOUN
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ajeer-229	303	9	(	(	PUNCT
ajeer-229	303	10	0.36	0.36	NUM
ajeer-229	303	11	)	)	PUNCT
ajeer-229	303	12	-0.31	-0.31	NOUN
ajeer-229	303	13	*	*	PUNCT
ajeer-229	303	14	(	(	PUNCT
ajeer-229	303	15	0.16	0.16	NUM
ajeer-229	303	16	)	)	PUNCT
ajeer-229	304	1	-0.32	-0.32	VERB
ajeer-229	304	2	*	*	PROPN
ajeer-229	304	3	*	*	PUNCT
ajeer-229	304	4	(	(	PUNCT
ajeer-229	304	5	0.14	0.14	NUM
ajeer-229	304	6	)	)	PUNCT
ajeer-229	304	7	-0.35	-0.35	NOUN
ajeer-229	304	8	*	*	PUNCT
ajeer-229	304	9	*	*	PUNCT
ajeer-229	304	10	*	*	PUNCT
ajeer-229	304	11	(	(	PUNCT
ajeer-229	304	12	0.09	0.09	NUM
ajeer-229	304	13	)	)	PUNCT
ajeer-229	304	14	-0.83	-0.83	NOUN
ajeer-229	305	1	*	*	PUNCT
ajeer-229	305	2	*	*	PUNCT
ajeer-229	305	3	*	*	PUNCT
ajeer-229	305	4	(	(	PUNCT
ajeer-229	305	5	0.18	0.18	NUM
ajeer-229	305	6	)	)	PUNCT
ajeer-229	305	7	-0.66	-0.66	NOUN
ajeer-229	305	8	*	*	NOUN
ajeer-229	305	9	*	*	PUNCT
ajeer-229	305	10	*	*	PUNCT
ajeer-229	305	11	(	(	PUNCT
ajeer-229	305	12	0.12	0.12	NUM
ajeer-229	305	13	)	)	PUNCT
ajeer-229	305	14	lag	lag	VERB
ajeer-229	305	15	3	3	NUM
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ajeer-229	305	17	(	(	PUNCT
ajeer-229	305	18	0.37	0.37	NUM
ajeer-229	305	19	)	)	PUNCT
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ajeer-229	305	21	(	(	PUNCT
ajeer-229	305	22	0.13	0.13	NUM
ajeer-229	305	23	)	)	PUNCT
ajeer-229	305	24	-0.71	-0.71	NOUN
ajeer-229	305	25	*	*	PUNCT
ajeer-229	305	26	*	*	PUNCT
ajeer-229	305	27	*	*	PUNCT
ajeer-229	305	28	(	(	PUNCT
ajeer-229	305	29	0.19	0.19	NUM
ajeer-229	305	30	)	)	PUNCT
ajeer-229	305	31	-0.56	-0.56	NOUN
ajeer-229	305	32	*	*	X
ajeer-229	305	33	*	*	PUNCT
ajeer-229	305	34	*	*	PUNCT
ajeer-229	305	35	(	(	PUNCT
ajeer-229	305	36	0.09	0.09	NUM
ajeer-229	305	37	)	)	PUNCT
ajeer-229	305	38	lag4	lag4	NOUN
ajeer-229	305	39	0.14	0.14	NUM
ajeer-229	305	40	(	(	PUNCT
ajeer-229	305	41	0.26	0.26	NUM
ajeer-229	305	42	)	)	PUNCT
ajeer-229	305	43	-0.07	-0.07	X
ajeer-229	305	44	(	(	PUNCT
ajeer-229	305	45	0.11	0.11	NUM
ajeer-229	305	46	)	)	PUNCT
ajeer-229	305	47	-0.11	-0.11	NOUN
ajeer-229	305	48	(	(	PUNCT
ajeer-229	305	49	0.16	0.16	NUM
ajeer-229	305	50	)	)	PUNCT
ajeer-229	305	51	size	size	NOUN
ajeer-229	305	52	-1.35	-1.35	NUM
ajeer-229	305	53	(	(	PUNCT
ajeer-229	305	54	1.36	1.36	NUM
ajeer-229	305	55	)	)	PUNCT
ajeer-229	305	56	-2.68	-2.68	NOUN
ajeer-229	305	57	(	(	PUNCT
ajeer-229	305	58	2.41	2.41	NUM
ajeer-229	305	59	)	)	PUNCT
ajeer-229	305	60	-1.58	-1.58	NOUN
ajeer-229	305	61	*	*	PUNCT
ajeer-229	305	62	(	(	PUNCT
ajeer-229	305	63	0.93	0.93	NUM
ajeer-229	305	64	)	)	PUNCT
ajeer-229	305	65	adj	adj	PROPN
ajeer-229	305	66	.	.	PROPN
ajeer-229	305	67	r2	r2	PROPN
ajeer-229	305	68	0.07	0.07	NUM
ajeer-229	305	69	0.39	0.39	NUM
ajeer-229	305	70	0.59	0.59	NUM
ajeer-229	305	71	0.63	0.63	NUM
ajeer-229	305	72	0.75	0.75	NUM
ajeer-229	305	73	0.76	0.76	NUM
ajeer-229	305	74	obs	ob	NOUN
ajeer-229	305	75	.	.	PUNCT
ajeer-229	306	1	32	32	NUM
ajeer-229	306	2	32	32	NUM
ajeer-229	306	3	58	58	NUM
ajeer-229	306	4	58	58	NUM
ajeer-229	306	5	58	58	NUM
ajeer-229	306	6	59	59	NUM
ajeer-229	306	7	source	source	NOUN
ajeer-229	306	8	:	:	PUNCT
ajeer-229	306	9	taiwan	taiwan	PROPN
ajeer-229	306	10	economic	economic	PROPN
ajeer-229	306	11	journal	journal	PROPN
ajeer-229	306	12	(	(	PUNCT
ajeer-229	306	13	tej	tej	PROPN
ajeer-229	306	14	)	)	PUNCT
ajeer-229	306	15	.	.	PUNCT
ajeer-229	307	1	next	next	ADJ
ajeer-229	307	2	,	,	PUNCT
ajeer-229	307	3	table	table	NOUN
ajeer-229	307	4	4	4	NUM
ajeer-229	307	5	shows	show	VERB
ajeer-229	307	6	significant	significant	ADJ
ajeer-229	307	7	effects	effect	NOUN
ajeer-229	307	8	on	on	ADP
ajeer-229	307	9	the	the	DET
ajeer-229	307	10	performances	performance	NOUN
ajeer-229	307	11	of	of	ADP
ajeer-229	307	12	taiwan	taiwan	PROPN
ajeer-229	307	13	tourism	tourism	NOUN
ajeer-229	307	14	industry	industry	NOUN
ajeer-229	307	15	due	due	ADP
ajeer-229	307	16	to	to	ADP
ajeer-229	307	17	the	the	DET
ajeer-229	307	18	fluctuations	fluctuation	NOUN
ajeer-229	307	19	of	of	ADP
ajeer-229	307	20	foreign	foreign	ADJ
ajeer-229	307	21	exchange	exchange	NOUN
ajeer-229	307	22	rates	rate	NOUN
ajeer-229	307	23	.	.	PUNCT
ajeer-229	308	1	the	the	DET
ajeer-229	308	2	changes	change	NOUN
ajeer-229	308	3	of	of	ADP
ajeer-229	308	4	foreign	foreign	ADJ
ajeer-229	308	5	exchange	exchange	NOUN
ajeer-229	308	6	rates	rate	NOUN
ajeer-229	308	7	have	have	VERB
ajeer-229	308	8	significant	significant	ADJ
ajeer-229	308	9	impacts	impact	NOUN
ajeer-229	308	10	on	on	ADP
ajeer-229	308	11	the	the	DET
ajeer-229	308	12	d1roas	d1roas	NOUN
ajeer-229	308	13	.	.	PUNCT
ajeer-229	309	1	some	some	PRON
ajeer-229	309	2	are	be	AUX
ajeer-229	309	3	positive	positive	ADJ
ajeer-229	309	4	and	and	CCONJ
ajeer-229	309	5	some	some	PRON
ajeer-229	309	6	are	be	AUX
ajeer-229	309	7	negative	negative	ADJ
ajeer-229	309	8	.	.	PUNCT
ajeer-229	310	1	and	and	CCONJ
ajeer-229	310	2	the	the	DET
ajeer-229	310	3	same	same	ADJ
ajeer-229	310	4	currency	currency	NOUN
ajeer-229	310	5	has	have	VERB
ajeer-229	310	6	different	different	ADJ
ajeer-229	310	7	impact	impact	NOUN
ajeer-229	310	8	on	on	ADP
ajeer-229	310	9	different	different	ADJ
ajeer-229	310	10	companies	company	NOUN
ajeer-229	310	11	.	.	PUNCT
ajeer-229	311	1	such	such	ADJ
ajeer-229	311	2	as	as	SCONJ
ajeer-229	311	3	the	the	DET
ajeer-229	311	4	singapore	singapore	PROPN
ajeer-229	311	5	dollar	dollar	NOUN
ajeer-229	311	6	has	have	VERB
ajeer-229	311	7	positive	positive	ADJ
ajeer-229	311	8	effect	effect	NOUN
ajeer-229	311	9	on	on	ADP
ajeer-229	311	10	the	the	DET
ajeer-229	311	11	d1roa	d1roa	NOUN
ajeer-229	311	12	of	of	ADP
ajeer-229	311	13	leofoo	leofoo	PROPN
ajeer-229	311	14	development	development	PROPN
ajeer-229	311	15	co.	co.	PROPN
ajeer-229	311	16	,	,	PUNCT
ajeer-229	311	17	ltd	ltd	PROPN
ajeer-229	311	18	.	.	PROPN
ajeer-229	311	19	(	(	PUNCT
ajeer-229	311	20	2705	2705	NUM
ajeer-229	311	21	)	)	PUNCT
ajeer-229	311	22	,	,	PUNCT
ajeer-229	311	23	chateau	chateau	PROPN
ajeer-229	311	24	international	international	PROPN
ajeer-229	311	25	development	development	PROPN
ajeer-229	311	26	co.	co.	PROPN
ajeer-229	311	27	,	,	PUNCT
ajeer-229	311	28	ltd	ltd	PROPN
ajeer-229	311	29	.	.	PROPN
ajeer-229	311	30	(	(	PUNCT
ajeer-229	311	31	2722	2722	NUM
ajeer-229	311	32	)	)	PUNCT
ajeer-229	311	33	,	,	PUNCT
ajeer-229	311	34	and	and	CCONJ
ajeer-229	311	35	on	on	ADP
ajeer-229	311	36	the	the	DET
ajeer-229	311	37	roa	roa	NOUN
ajeer-229	311	38	of	of	ADP
ajeer-229	311	39	ambassador	ambassador	PROPN
ajeer-229	311	40	hotel	hotel	PROPN
ajeer-229	311	41	ltd	ltd	PROPN
ajeer-229	311	42	.	.	PROPN
ajeer-229	311	43	(	(	PUNCT
ajeer-229	311	44	2704	2704	NUM
ajeer-229	311	45	)	)	PUNCT
ajeer-229	311	46	,	,	PUNCT
ajeer-229	311	47	but	but	CCONJ
ajeer-229	311	48	negative	negative	ADJ
ajeer-229	311	49	effect	effect	NOUN
ajeer-229	311	50	on	on	ADP
ajeer-229	311	51	that	that	PRON
ajeer-229	311	52	of	of	ADP
ajeer-229	311	53	pleasant	pleasant	ADJ
ajeer-229	311	54	hotels	hotel	NOUN
ajeer-229	311	55	international	international	PROPN
ajeer-229	311	56	inc	inc	PROPN
ajeer-229	311	57	.	.	PROPN
ajeer-229	311	58	(	(	PUNCT
ajeer-229	311	59	2718	2718	NUM
ajeer-229	311	60	)	)	PUNCT
ajeer-229	311	61	and	and	CCONJ
ajeer-229	311	62	hotel	hotel	NOUN
ajeer-229	311	63	royal	royal	ADJ
ajeer-229	311	64	chihpen	chihpen	NOUN
ajeer-229	311	65	(	(	PUNCT
ajeer-229	311	66	5704	5704	NUM
ajeer-229	311	67	)	)	PUNCT
ajeer-229	311	68	.	.	PUNCT
ajeer-229	312	1	moreover	moreover	ADV
ajeer-229	312	2	,	,	PUNCT
ajeer-229	312	3	the	the	DET
ajeer-229	312	4	australian	australian	ADJ
ajeer-229	312	5	dollar	dollar	NOUN
ajeer-229	312	6	has	have	VERB
ajeer-229	312	7	positive	positive	ADJ
ajeer-229	312	8	effect	effect	NOUN
ajeer-229	312	9	on	on	ADP
ajeer-229	312	10	the	the	DET
ajeer-229	312	11	d1roa	d1roa	NOUN
ajeer-229	312	12	of	of	ADP
ajeer-229	312	13	formosa	formosa	PROPN
ajeer-229	312	14	international	international	PROPN
ajeer-229	312	15	hotels	hotel	NOUN
ajeer-229	312	16	corporation	corporation	NOUN
ajeer-229	312	17	(	(	PUNCT
ajeer-229	312	18	2707	2707	NUM
ajeer-229	312	19	)	)	PUNCT
ajeer-229	312	20	,	,	PUNCT
ajeer-229	312	21	pleasant	pleasant	ADJ
ajeer-229	312	22	hotels	hotels	PROPN
ajeer-229	312	23	international	international	PROPN
ajeer-229	312	24	inc	inc	PROPN
ajeer-229	312	25	.	.	PROPN
ajeer-229	312	26	(	(	PUNCT
ajeer-229	312	27	2718	2718	NUM
ajeer-229	312	28	)	)	PUNCT
ajeer-229	312	29	,	,	PUNCT
ajeer-229	312	30	and	and	CCONJ
ajeer-229	312	31	landis	landis	PROPN
ajeer-229	312	32	taipei	taipei	PROPN
ajeer-229	312	33	hotel	hotel	PROPN
ajeer-229	312	34	co.	co.	PROPN
ajeer-229	312	35	,	,	PUNCT
ajeer-229	312	36	ltd	ltd	PROPN
ajeer-229	312	37	.	.	PROPN
ajeer-229	312	38	(	(	PUNCT
ajeer-229	312	39	5703	5703	NUM
ajeer-229	312	40	)	)	PUNCT
ajeer-229	312	41	,	,	PUNCT
ajeer-229	312	42	and	and	CCONJ
ajeer-229	312	43	on	on	ADP
ajeer-229	312	44	the	the	DET
ajeer-229	312	45	roa	roa	NOUN
ajeer-229	312	46	of	of	ADP
ajeer-229	312	47	ambassador	ambassador	PROPN
ajeer-229	312	48	hotel	hotel	PROPN
ajeer-229	312	49	ltd	ltd	PROPN
ajeer-229	312	50	.	.	PROPN
ajeer-229	312	51	(	(	PUNCT
ajeer-229	312	52	2704	2704	NUM
ajeer-229	312	53	)	)	PUNCT
ajeer-229	312	54	,	,	PUNCT
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ajeer-229	312	56	negative	negative	ADJ
ajeer-229	312	57	effect	effect	NOUN
ajeer-229	312	58	on	on	ADP
ajeer-229	312	59	that	that	PRON
ajeer-229	312	60	of	of	ADP
ajeer-229	312	61	chateau	chateau	PROPN
ajeer-229	312	62	international	international	PROPN
ajeer-229	312	63	development	development	PROPN
ajeer-229	312	64	co.	co.	PROPN
ajeer-229	312	65	,	,	PUNCT
ajeer-229	312	66	ltd	ltd	PROPN
ajeer-229	312	67	.	.	PROPN
ajeer-229	312	68	(	(	PUNCT
ajeer-229	312	69	2722	2722	NUM
ajeer-229	312	70	)	)	PUNCT
ajeer-229	312	71	.	.	PUNCT
ajeer-229	313	1	and	and	CCONJ
ajeer-229	313	2	the	the	DET
ajeer-229	313	3	korean	korean	ADJ
ajeer-229	313	4	won	win	VERB
ajeer-229	313	5	has	have	VERB
ajeer-229	313	6	a	a	DET
ajeer-229	313	7	positive	positive	ADJ
ajeer-229	313	8	effect	effect	NOUN
ajeer-229	313	9	on	on	ADP
ajeer-229	313	10	the	the	DET
ajeer-229	313	11	d1roa	d1roa	NOUN
ajeer-229	313	12	of	of	ADP
ajeer-229	313	13	leofoo	leofoo	PROPN
ajeer-229	313	14	development	development	PROPN
ajeer-229	313	15	co.	co.	PROPN
ajeer-229	313	16	,	,	PUNCT
ajeer-229	313	17	ltd	ltd	PROPN
ajeer-229	313	18	.	.	PROPN
ajeer-229	313	19	(	(	PUNCT
ajeer-229	313	20	2705	2705	NUM
ajeer-229	313	21	)	)	PUNCT
ajeer-229	313	22	,	,	PUNCT
ajeer-229	313	23	janfusun	janfusun	PROPN
ajeer-229	313	24	fancyworld	fancyworld	PROPN
ajeer-229	313	25	corp	corp	PROPN
ajeer-229	313	26	.	.	PROPN
ajeer-229	313	27	(	(	PUNCT
ajeer-229	313	28	5701	5701	NUM
ajeer-229	313	29	)	)	PUNCT
ajeer-229	313	30	,	,	PUNCT
ajeer-229	313	31	and	and	CCONJ
ajeer-229	313	32	hotel	hotel	NOUN
ajeer-229	313	33	royal	royal	ADJ
ajeer-229	313	34	chihpen	chihpen	NOUN
ajeer-229	313	35	(	(	PUNCT
ajeer-229	313	36	5704	5704	NUM
ajeer-229	313	37	)	)	PUNCT
ajeer-229	313	38	,	,	PUNCT
ajeer-229	313	39	and	and	CCONJ
ajeer-229	313	40	then	then	ADV
ajeer-229	313	41	on	on	ADP
ajeer-229	313	42	those	those	DET
ajeer-229	313	43	company‟s	company‟s	ADJ
ajeer-229	313	44	roa	roa	NOUN
ajeer-229	313	45	,	,	PUNCT
ajeer-229	313	46	too	too	ADV
ajeer-229	313	47	.	.	PUNCT
ajeer-229	314	1	furthermore	furthermore	ADV
ajeer-229	314	2	,	,	PUNCT
ajeer-229	314	3	the	the	DET
ajeer-229	314	4	number	number	NOUN
ajeer-229	314	5	of	of	ADP
ajeer-229	314	6	significant	significant	ADJ
ajeer-229	314	7	variables	variable	NOUN
ajeer-229	314	8	and	and	CCONJ
ajeer-229	314	9	the	the	DET
ajeer-229	314	10	component	component	NOUN
ajeer-229	314	11	of	of	ADP
ajeer-229	314	12	significant	significant	ADJ
ajeer-229	314	13	variables	variable	NOUN
ajeer-229	314	14	are	be	AUX
ajeer-229	314	15	different	different	ADJ
ajeer-229	314	16	to	to	ADP
ajeer-229	314	17	each	each	DET
ajeer-229	314	18	company	company	NOUN
ajeer-229	314	19	.	.	PUNCT
ajeer-229	315	1	for	for	ADP
ajeer-229	315	2	example	example	NOUN
ajeer-229	315	3	,	,	PUNCT
ajeer-229	315	4	the	the	DET
ajeer-229	315	5	significant	significant	ADJ
ajeer-229	315	6	variables	variable	NOUN
ajeer-229	315	7	of	of	ADP
ajeer-229	315	8	the	the	DET
ajeer-229	315	9	pleasant‟s	pleasant‟s	ADJ
ajeer-229	315	10	road1	road1	NOUN
ajeer-229	315	11	are	be	AUX
ajeer-229	315	12	the	the	DET
ajeer-229	315	13	change	change	NOUN
ajeer-229	315	14	of	of	ADP
ajeer-229	315	15	usd	usd	NOUN
ajeer-229	315	16	,	,	PUNCT
ajeer-229	315	17	cny	cny	NOUN
ajeer-229	315	18	,	,	PUNCT
ajeer-229	315	19	eur	eur	PROPN
ajeer-229	315	20	,	,	PUNCT
ajeer-229	315	21	sgd	sgd	PROPN
ajeer-229	315	22	,	,	PUNCT
ajeer-229	315	23	aud	aud	NOUN
ajeer-229	315	24	,	,	PUNCT
ajeer-229	315	25	idr	idr	PROPN
ajeer-229	315	26	,	,	PUNCT
ajeer-229	315	27	thb	thb	PROPN
ajeer-229	315	28	,	,	PUNCT
ajeer-229	315	29	however	however	ADV
ajeer-229	315	30	,	,	PUNCT
ajeer-229	315	31	that	that	PRON
ajeer-229	315	32	of	of	ADP
ajeer-229	315	33	the	the	DET
ajeer-229	315	34	chateau‟s	chateau‟	NOUN
ajeer-229	315	35	d1roa	d1roa	NOUN
ajeer-229	315	36	are	be	AUX
ajeer-229	315	37	only	only	ADV
ajeer-229	315	38	the	the	DET
ajeer-229	315	39	changes	change	NOUN
ajeer-229	315	40	of	of	ADP
ajeer-229	315	41	singapore	singapore	PROPN
ajeer-229	315	42	dollar	dollar	PROPN
ajeer-229	315	43	and	and	CCONJ
ajeer-229	315	44	australia	australia	PROPN
ajeer-229	315	45	dollar	dollar	NOUN
ajeer-229	315	46	.	.	PUNCT
ajeer-229	316	1	as	as	ADP
ajeer-229	316	2	a	a	DET
ajeer-229	316	3	result	result	NOUN
ajeer-229	316	4	,	,	PUNCT
ajeer-229	316	5	the	the	DET
ajeer-229	316	6	portfolio	portfolio	NOUN
ajeer-229	316	7	of	of	ADP
ajeer-229	316	8	currencies	currency	NOUN
ajeer-229	316	9	should	should	AUX
ajeer-229	316	10	be	be	AUX
ajeer-229	316	11	different	different	ADJ
ajeer-229	316	12	for	for	ADP
ajeer-229	316	13	each	each	DET
ajeer-229	316	14	company	company	NOUN
ajeer-229	316	15	.	.	PUNCT
ajeer-229	317	1	asian	asian	ADJ
ajeer-229	317	2	journal	journal	PROPN
ajeer-229	317	3	of	of	ADP
ajeer-229	317	4	economics	economic	NOUN
ajeer-229	317	5	and	and	CCONJ
ajeer-229	317	6	empirical	empirical	ADJ
ajeer-229	317	7	research	research	NOUN
ajeer-229	317	8	,	,	PUNCT
ajeer-229	317	9	2017	2017	NUM
ajeer-229	317	10	,	,	PUNCT
ajeer-229	317	11	4(1	4(1	NOUN
ajeer-229	317	12	):	):	PUNCT
ajeer-229	317	13	32	32	NUM
ajeer-229	317	14	-	-	SYM
ajeer-229	317	15	48	48	NUM
ajeer-229	317	16	43	43	NUM
ajeer-229	317	17	table-5	table-5	PROPN
ajeer-229	317	18	.	.	PUNCT
ajeer-229	318	1	regression	regression	NOUN
ajeer-229	318	2	on	on	ADP
ajeer-229	318	3	roe	roe	NOUN
ajeer-229	318	4	.	.	PUNCT
ajeer-229	319	1	the	the	DET
ajeer-229	319	2	regression	regression	NOUN
ajeer-229	319	3	model	model	NOUN
ajeer-229	319	4	is	be	AUX
ajeer-229	319	5	given	give	VERB
ajeer-229	319	6	as	as	SCONJ
ajeer-229	319	7	follows	follow	VERB
ajeer-229	319	8	:	:	PUNCT
ajeer-229	319	9	.	.	PUNCT
ajeer-229	320	1	,	,	PUNCT
ajeer-229	320	2	,	,	PUNCT
ajeer-229	320	3	,	,	PUNCT
ajeer-229	320	4	,	,	PUNCT
ajeer-229	320	5	,	,	PUNCT
ajeer-229	320	6	,	,	PUNCT
ajeer-229	320	7	,	,	PUNCT
ajeer-229	320	8	,	,	PUNCT
ajeer-229	320	9	titii	titii	VERB
ajeer-229	320	10	n	n	PRON
ajeer-229	320	11	j	j	PROPN
ajeer-229	320	12	tjji	tjji	NOUN
ajeer-229	320	13	p	p	PROPN
ajeer-229	320	14	k	k	PROPN
ajeer-229	320	15	ktikitmiiti	ktikitmiiti	PROPN
ajeer-229	320	16	asizefxroedrmrfroed	asizefxroedrmrfroe	VERB
ajeer-229	320	17			PRON
ajeer-229	320	18			ADV
ajeer-229	320	19			NUM
ajeer-229	320	20			VERB
ajeer-229	320	21			NUM
ajeer-229	320	22	11	11	NUM
ajeer-229	320	23	11	11	NUM
ajeer-229	320	24	(	(	PUNCT
ajeer-229	320	25	21	21	NUM
ajeer-229	320	26	)	)	PUNCT
ajeer-229	320	27	model	model	NOUN
ajeer-229	320	28	i	i	PRON
ajeer-229	320	29	regresses	regress	VERB
ajeer-229	320	30	1,,,1	1,,,1	NUM
ajeer-229	320	31			PROPN
ajeer-229	320	32			NOUN
ajeer-229	320	33	ttt	ttt	PROPN
ajeer-229	320	34	roeroeroed	roeroeroe	VERB
ajeer-229	320	35	on	on	ADP
ajeer-229	320	36	all	all	DET
ajeer-229	320	37	exchange	exchange	NOUN
ajeer-229	320	38	fluctuations	fluctuation	NOUN
ajeer-229	320	39	,	,	PUNCT
ajeer-229	320	40	lagged	lag	VERB
ajeer-229	320	41	variables	variable	NOUN
ajeer-229	320	42	and	and	CCONJ
ajeer-229	320	43	the	the	DET
ajeer-229	320	44	control	control	NOUN
ajeer-229	320	45	variables	variable	NOUN
ajeer-229	320	46	.	.	PUNCT
ajeer-229	321	1	and	and	CCONJ
ajeer-229	321	2	model	model	PROPN
ajeer-229	321	3	ii	ii	PROPN
ajeer-229	321	4	regresses	regress	VERB
ajeer-229	321	5	roed1	roed1	NOUN
ajeer-229	321	6	on	on	ADP
ajeer-229	321	7	all	all	DET
ajeer-229	321	8	variables	variable	NOUN
ajeer-229	321	9	but	but	CCONJ
ajeer-229	321	10	selected	select	VERB
ajeer-229	321	11	by	by	ADP
ajeer-229	321	12	eliminating	eliminate	VERB
ajeer-229	321	13	higher	high	ADJ
ajeer-229	321	14	p	p	ADJ
ajeer-229	321	15	-	-	PUNCT
ajeer-229	321	16	value	value	NOUN
ajeer-229	321	17	explanatory	explanatory	ADJ
ajeer-229	321	18	variables	variable	NOUN
ajeer-229	321	19	.	.	PUNCT
ajeer-229	322	1	the	the	DET
ajeer-229	322	2	values	value	NOUN
ajeer-229	322	3	in	in	ADP
ajeer-229	322	4	the	the	DET
ajeer-229	322	5	parentheses	parenthesis	NOUN
ajeer-229	322	6	are	be	AUX
ajeer-229	322	7	standard	standard	ADJ
ajeer-229	322	8	error	error	NOUN
ajeer-229	322	9	of	of	ADP
ajeer-229	322	10	the	the	DET
ajeer-229	322	11	estimates	estimate	NOUN
ajeer-229	322	12	.	.	PUNCT
ajeer-229	323	1	and	and	CCONJ
ajeer-229	323	2	*	*	PUNCT
ajeer-229	323	3	,	,	PUNCT
ajeer-229	323	4	*	*	PUNCT
ajeer-229	323	5	*	*	PUNCT
ajeer-229	323	6	and	and	CCONJ
ajeer-229	323	7	*	*	PUNCT
ajeer-229	323	8	*	*	PUNCT
ajeer-229	323	9	*	*	PUNCT
ajeer-229	323	10	stand	stand	VERB
ajeer-229	323	11	for	for	ADP
ajeer-229	323	12	10	10	NUM
ajeer-229	323	13	%	%	NOUN
ajeer-229	323	14	,	,	PUNCT
ajeer-229	323	15	5	5	NUM
ajeer-229	323	16	%	%	NOUN
ajeer-229	323	17	and	and	CCONJ
ajeer-229	323	18	1	1	NUM
ajeer-229	323	19	%	%	NOUN
ajeer-229	323	20	level	level	NOUN
ajeer-229	323	21	of	of	ADP
ajeer-229	323	22	significance	significance	NOUN
ajeer-229	323	23	,	,	PUNCT
ajeer-229	323	24	respectively	respectively	ADV
ajeer-229	323	25	.	.	PUNCT
ajeer-229	324	1	company	company	NOUN
ajeer-229	324	2	hotel	hotel	NOUN
ajeer-229	324	3	holiday	holiday	NOUN
ajeer-229	324	4	garden	garden	NOUN
ajeer-229	324	5	(	(	PUNCT
ajeer-229	324	6	2702	2702	NUM
ajeer-229	324	7	)	)	PUNCT
ajeer-229	324	8	the	the	DET
ajeer-229	324	9	leofoo	leofoo	PROPN
ajeer-229	324	10	development	development	PROPN
ajeer-229	324	11	co.	co.	PROPN
ajeer-229	324	12	,	,	PUNCT
ajeer-229	324	13	ltd	ltd	PROPN
ajeer-229	324	14	.	.	PROPN
ajeer-229	324	15	(	(	PUNCT
ajeer-229	324	16	2705	2705	NUM
ajeer-229	324	17	)	)	PUNCT
ajeer-229	324	18	formosa	formosa	PROPN
ajeer-229	324	19	international	international	ADJ
ajeer-229	324	20	hotels	hotel	NOUN
ajeer-229	324	21	corporation	corporation	NOUN
ajeer-229	324	22	(	(	PUNCT
ajeer-229	324	23	2707	2707	NUM
ajeer-229	324	24	)	)	PUNCT
ajeer-229	324	25	variables	variable	NOUN
ajeer-229	324	26	model	model	NOUN
ajeer-229	325	1	i	i	PRON
ajeer-229	325	2	model	model	PROPN
ajeer-229	325	3	ii	ii	PROPN
ajeer-229	325	4	model	model	NOUN
ajeer-229	325	5	i	i	PRON
ajeer-229	325	6	model	model	PROPN
ajeer-229	325	7	ii	ii	PROPN
ajeer-229	325	8	model	model	NOUN
ajeer-229	325	9	i	i	PRON
ajeer-229	325	10	model	model	VERB
ajeer-229	325	11	ii	ii	PROPN
ajeer-229	325	12	const	const	PROPN
ajeer-229	325	13	.	.	PUNCT
ajeer-229	326	1	8.39	8.39	NUM
ajeer-229	326	2	(	(	PUNCT
ajeer-229	326	3	10.97	10.97	NUM
ajeer-229	326	4	)	)	PUNCT
ajeer-229	326	5	0.14	0.14	NUM
ajeer-229	326	6	(	(	PUNCT
ajeer-229	326	7	0.13	0.13	NUM
ajeer-229	326	8	)	)	PUNCT
ajeer-229	326	9	550.62	550.62	NUM
ajeer-229	326	10	(	(	PUNCT
ajeer-229	326	11	305.52	305.52	NUM
ajeer-229	326	12	)	)	PUNCT
ajeer-229	326	13	232.88	232.88	NUM
ajeer-229	326	14	*	*	PUNCT
ajeer-229	326	15	*	*	PUNCT
ajeer-229	326	16	(	(	PUNCT
ajeer-229	326	17	110.24	110.24	NUM
ajeer-229	326	18	)	)	PUNCT
ajeer-229	326	19	28.18	28.18	NUM
ajeer-229	326	20	(	(	PUNCT
ajeer-229	326	21	15.24	15.24	NUM
ajeer-229	326	22	)	)	PUNCT
ajeer-229	326	23	0.10	0.10	NUM
ajeer-229	326	24	(	(	PUNCT
ajeer-229	326	25	0.21	0.21	NUM
ajeer-229	326	26	)	)	PUNCT
ajeer-229	326	27	rmrf	rmrf	NOUN
ajeer-229	326	28	0.01	0.01	NUM
ajeer-229	326	29	(	(	PUNCT
ajeer-229	326	30	0.02	0.02	NUM
ajeer-229	326	31	)	)	PUNCT
ajeer-229	326	32	-0.07	-0.07	X
ajeer-229	326	33	(	(	PUNCT
ajeer-229	326	34	0.21	0.21	NUM
ajeer-229	326	35	)	)	PUNCT
ajeer-229	326	36	-0.03	-0.03	NOUN
ajeer-229	326	37	(	(	PUNCT
ajeer-229	326	38	0.04	0.04	NUM
ajeer-229	326	39	)	)	PUNCT
ajeer-229	326	40	usd	usd	NOUN
ajeer-229	326	41	0.24	0.24	NUM
ajeer-229	326	42	(	(	PUNCT
ajeer-229	326	43	0.19	0.19	NUM
ajeer-229	326	44	)	)	PUNCT
ajeer-229	326	45	-1.77	-1.77	X
ajeer-229	326	46	(	(	PUNCT
ajeer-229	326	47	1.44	1.44	NUM
ajeer-229	326	48	)	)	PUNCT
ajeer-229	326	49	0.05	0.05	NUM
ajeer-229	326	50	(	(	PUNCT
ajeer-229	326	51	0.31	0.31	NUM
ajeer-229	326	52	)	)	PUNCT
ajeer-229	326	53	jpy	jpy	NOUN
ajeer-229	326	54	0.05	0.05	NUM
ajeer-229	326	55	(	(	PUNCT
ajeer-229	326	56	0.05	0.05	NUM
ajeer-229	326	57	)	)	PUNCT
ajeer-229	326	58	0.08	0.08	NUM
ajeer-229	326	59	*	*	PUNCT
ajeer-229	326	60	*	*	PUNCT
ajeer-229	326	61	(	(	PUNCT
ajeer-229	326	62	0.03	0.03	NUM
ajeer-229	326	63	)	)	PUNCT
ajeer-229	326	64	-0.64	-0.64	NOUN
ajeer-229	326	65	*	*	PUNCT
ajeer-229	326	66	(	(	PUNCT
ajeer-229	326	67	0.33	0.33	NUM
ajeer-229	326	68	)	)	PUNCT
ajeer-229	326	69	-0.39	-0.39	NOUN
ajeer-229	326	70	*	*	SYM
ajeer-229	326	71	*	*	PUNCT
ajeer-229	326	72	(	(	PUNCT
ajeer-229	326	73	0.14	0.14	NUM
ajeer-229	326	74	)	)	PUNCT
ajeer-229	326	75	-0.12	-0.12	NUM
ajeer-229	326	76	(	(	PUNCT
ajeer-229	326	77	0.08	0.08	NUM
ajeer-229	326	78	)	)	PUNCT
ajeer-229	326	79	-0.09	-0.09	NUM
ajeer-229	326	80	*	*	PUNCT
ajeer-229	326	81	(	(	PUNCT
ajeer-229	326	82	0.05	0.05	NUM
ajeer-229	326	83	)	)	PUNCT
ajeer-229	326	84	cny	cny	NOUN
ajeer-229	326	85	-0.16	-0.16	PROPN
ajeer-229	326	86	(	(	PUNCT
ajeer-229	326	87	0.20	0.20	NUM
ajeer-229	326	88	)	)	PUNCT
ajeer-229	326	89	1.37	1.37	NUM
ajeer-229	326	90	(	(	PUNCT
ajeer-229	326	91	1.40	1.40	NUM
ajeer-229	326	92	)	)	PUNCT
ajeer-229	326	93	-0.27	-0.27	NOUN
ajeer-229	326	94	(	(	PUNCT
ajeer-229	326	95	0.33	0.33	NUM
ajeer-229	326	96	)	)	PUNCT
ajeer-229	326	97	-0.25	-0.25	NUM
ajeer-229	326	98	*	*	PUNCT
ajeer-229	326	99	*	*	PUNCT
ajeer-229	326	100	(	(	PUNCT
ajeer-229	326	101	0.11	0.11	NUM
ajeer-229	326	102	)	)	PUNCT
ajeer-229	326	103	eur	eur	NOUN
ajeer-229	326	104	-0.11	-0.11	X
ajeer-229	326	105	(	(	PUNCT
ajeer-229	326	106	0.08	0.08	NUM
ajeer-229	326	107	)	)	PUNCT
ajeer-229	326	108	-0.07	-0.07	NOUN
ajeer-229	326	109	*	*	PUNCT
ajeer-229	326	110	(	(	PUNCT
ajeer-229	326	111	0.04	0.04	NUM
ajeer-229	326	112	)	)	PUNCT
ajeer-229	326	113	-0.00	-0.00	NUM
ajeer-229	326	114	(	(	PUNCT
ajeer-229	326	115	0.34	0.34	NUM
ajeer-229	326	116	)	)	PUNCT
ajeer-229	326	117	-0.10	-0.10	NUM
ajeer-229	326	118	(	(	PUNCT
ajeer-229	326	119	0.13	0.13	NUM
ajeer-229	326	120	)	)	PUNCT
ajeer-229	326	121	krw	krw	NOUN
ajeer-229	326	122	0.05	0.05	NUM
ajeer-229	326	123	(	(	PUNCT
ajeer-229	326	124	0.06	0.06	NUM
ajeer-229	326	125	)	)	PUNCT
ajeer-229	326	126	0.08	0.08	NUM
ajeer-229	326	127	*	*	SYM
ajeer-229	326	128	(	(	PUNCT
ajeer-229	326	129	0.04	0.04	NUM
ajeer-229	326	130	)	)	PUNCT
ajeer-229	326	131	0.47	0.47	NUM
ajeer-229	326	132	(	(	PUNCT
ajeer-229	326	133	0.46	0.46	NUM
ajeer-229	326	134	)	)	PUNCT
ajeer-229	326	135	0.08	0.08	NUM
ajeer-229	326	136	(	(	PUNCT
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ajeer-229	326	138	)	)	PUNCT
ajeer-229	326	139	gbp	gbp	NOUN
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ajeer-229	326	143	)	)	PUNCT
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ajeer-229	326	147	)	)	PUNCT
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ajeer-229	326	149	(	(	PUNCT
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ajeer-229	326	151	)	)	PUNCT
ajeer-229	326	152	sgd	sgd	NOUN
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ajeer-229	326	154	(	(	PUNCT
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ajeer-229	326	156	)	)	PUNCT
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ajeer-229	326	158	*	*	PUNCT
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ajeer-229	326	160	(	(	PUNCT
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ajeer-229	326	162	)	)	PUNCT
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ajeer-229	326	164	*	*	PUNCT
ajeer-229	326	165	*	*	PUNCT
ajeer-229	326	166	(	(	PUNCT
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ajeer-229	326	168	)	)	PUNCT
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ajeer-229	326	172	)	)	PUNCT
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ajeer-229	326	174	*	*	PUNCT
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ajeer-229	326	178	)	)	PUNCT
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ajeer-229	326	183	)	)	PUNCT
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ajeer-229	326	187	)	)	PUNCT
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ajeer-229	326	189	(	(	PUNCT
ajeer-229	326	190	0.10	0.10	NUM
ajeer-229	326	191	)	)	PUNCT
ajeer-229	326	192	idr	idr	NOUN
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ajeer-229	326	194	(	(	PUNCT
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ajeer-229	326	196	)	)	PUNCT
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ajeer-229	326	198	(	(	PUNCT
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ajeer-229	326	200	)	)	PUNCT
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ajeer-229	326	202	*	*	PUNCT
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ajeer-229	326	205	)	)	PUNCT
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ajeer-229	326	207	*	*	PUNCT
ajeer-229	326	208	(	(	PUNCT
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ajeer-229	326	210	)	)	PUNCT
ajeer-229	326	211	thb	thb	NOUN
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ajeer-229	326	213	(	(	PUNCT
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ajeer-229	326	215	)	)	PUNCT
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ajeer-229	326	217	*	*	SYM
ajeer-229	326	218	(	(	PUNCT
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ajeer-229	326	220	)	)	PUNCT
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ajeer-229	326	222	(	(	PUNCT
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ajeer-229	326	224	)	)	PUNCT
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ajeer-229	326	226	(	(	PUNCT
ajeer-229	326	227	0.16	0.16	NUM
ajeer-229	326	228	)	)	PUNCT
ajeer-229	326	229	myr	myr	PROPN
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ajeer-229	326	231	(	(	PUNCT
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ajeer-229	326	233	)	)	PUNCT
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ajeer-229	326	235	*	*	PUNCT
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ajeer-229	326	237	(	(	PUNCT
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ajeer-229	326	239	)	)	PUNCT
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ajeer-229	326	241	*	*	PUNCT
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ajeer-229	326	245	)	)	PUNCT
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ajeer-229	326	247	(	(	PUNCT
ajeer-229	326	248	0.18	0.18	NUM
ajeer-229	326	249	)	)	PUNCT
ajeer-229	326	250	php	php	NOUN
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ajeer-229	326	252	(	(	PUNCT
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ajeer-229	326	254	)	)	PUNCT
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ajeer-229	326	258	)	)	PUNCT
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ajeer-229	326	260	(	(	PUNCT
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ajeer-229	326	262	)	)	PUNCT
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ajeer-229	326	265	*	*	NOUN
ajeer-229	326	266	*	*	PUNCT
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ajeer-229	326	268	(	(	PUNCT
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ajeer-229	326	270	)	)	PUNCT
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ajeer-229	326	272	*	*	PUNCT
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ajeer-229	326	277	)	)	PUNCT
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ajeer-229	326	279	*	*	PUNCT
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ajeer-229	326	284	)	)	PUNCT
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ajeer-229	326	291	)	)	PUNCT
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ajeer-229	326	298	)	)	PUNCT
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ajeer-229	326	305	)	)	PUNCT
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ajeer-229	326	308	*	*	PUNCT
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ajeer-229	326	313	)	)	PUNCT
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ajeer-229	326	319	)	)	PUNCT
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ajeer-229	326	330	)	)	PUNCT
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ajeer-229	326	345	)	)	PUNCT
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ajeer-229	326	352	)	)	PUNCT
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ajeer-229	326	363	)	)	PUNCT
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ajeer-229	326	370	)	)	PUNCT
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ajeer-229	326	375	)	)	PUNCT
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ajeer-229	326	383	)	)	PUNCT
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ajeer-229	326	388	)	)	PUNCT
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ajeer-229	326	392	)	)	PUNCT
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ajeer-229	326	394	*	*	PUNCT
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ajeer-229	326	398	)	)	PUNCT
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ajeer-229	326	400	(	(	PUNCT
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ajeer-229	326	402	)	)	PUNCT
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ajeer-229	327	9	.	.	PUNCT
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ajeer-229	328	5	58	58	NUM
ajeer-229	328	6	58	58	NUM
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ajeer-229	328	8	:	:	PUNCT
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ajeer-229	328	14	)	)	PUNCT
ajeer-229	328	15	.	.	PUNCT
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ajeer-229	329	8	,	,	PUNCT
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ajeer-229	329	10	,	,	PUNCT
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ajeer-229	329	12	):	):	PUNCT
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ajeer-229	329	14	-	-	SYM
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ajeer-229	329	16	44	44	NUM
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ajeer-229	330	4	(	(	PUNCT
ajeer-229	330	5	continued	continue	VERB
ajeer-229	330	6	)	)	PUNCT
ajeer-229	330	7	.	.	PUNCT
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ajeer-229	331	4	company	company	PROPN
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ajeer-229	331	9	)	)	PUNCT
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ajeer-229	331	11	hotels	hotel	NOUN
ajeer-229	331	12	international	international	PROPN
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ajeer-229	331	17	)	)	PUNCT
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ajeer-229	331	22	,	,	PUNCT
ajeer-229	331	23	ltd	ltd	PROPN
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ajeer-229	331	27	)	)	PUNCT
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ajeer-229	331	39	model	model	VERB
ajeer-229	331	40	ii	ii	PROPN
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ajeer-229	332	4	)	)	PUNCT
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ajeer-229	332	8	(	(	PUNCT
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ajeer-229	332	14	)	)	PUNCT
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ajeer-229	332	21	)	)	PUNCT
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ajeer-229	332	27	)	)	PUNCT
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ajeer-229	332	31	)	)	PUNCT
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ajeer-229	332	37	)	)	PUNCT
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ajeer-229	332	42	(	(	PUNCT
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ajeer-229	332	44	)	)	PUNCT
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ajeer-229	332	46	(	(	PUNCT
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ajeer-229	332	48	)	)	PUNCT
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ajeer-229	332	51	(	(	PUNCT
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ajeer-229	332	53	)	)	PUNCT
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ajeer-229	332	57	(	(	PUNCT
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ajeer-229	332	59	)	)	PUNCT
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ajeer-229	332	62	*	*	PUNCT
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ajeer-229	332	66	)	)	PUNCT
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ajeer-229	332	68	*	*	PUNCT
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ajeer-229	332	84	)	)	PUNCT
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ajeer-229	332	90	)	)	PUNCT
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ajeer-229	332	99	)	)	PUNCT
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ajeer-229	332	105	)	)	PUNCT
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ajeer-229	332	111	)	)	PUNCT
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ajeer-229	332	115	)	)	PUNCT
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ajeer-229	332	122	)	)	PUNCT
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ajeer-229	332	124	*	*	PUNCT
ajeer-229	332	125	*	*	PUNCT
ajeer-229	332	126	(	(	PUNCT
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ajeer-229	332	128	)	)	PUNCT
ajeer-229	332	129	eur	eur	NOUN
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ajeer-229	332	131	(	(	PUNCT
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ajeer-229	332	133	)	)	PUNCT
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ajeer-229	332	137	)	)	PUNCT
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ajeer-229	332	139	*	*	PUNCT
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ajeer-229	332	144	)	)	PUNCT
ajeer-229	332	145	8.86	8.86	NUM
ajeer-229	332	146	*	*	SYM
ajeer-229	332	147	*	*	PUNCT
ajeer-229	332	148	(	(	PUNCT
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ajeer-229	332	150	)	)	PUNCT
ajeer-229	332	151	krw	krw	PROPN
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ajeer-229	332	153	(	(	PUNCT
ajeer-229	332	154	0.05	0.05	NUM
ajeer-229	332	155	)	)	PUNCT
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ajeer-229	332	157	(	(	PUNCT
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ajeer-229	332	159	)	)	PUNCT
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ajeer-229	332	161	*	*	PUNCT
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ajeer-229	332	163	(	(	PUNCT
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ajeer-229	332	165	)	)	PUNCT
ajeer-229	332	166	gbp	gbp	NOUN
ajeer-229	332	167	0.01	0.01	NUM
ajeer-229	332	168	(	(	PUNCT
ajeer-229	332	169	0.06	0.06	NUM
ajeer-229	332	170	)	)	PUNCT
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ajeer-229	332	172	(	(	PUNCT
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ajeer-229	332	174	)	)	PUNCT
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ajeer-229	332	176	*	*	NOUN
ajeer-229	332	177	*	*	PUNCT
ajeer-229	332	178	(	(	PUNCT
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ajeer-229	332	180	)	)	PUNCT
ajeer-229	332	181	sgd	sgd	PROPN
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ajeer-229	332	183	(	(	PUNCT
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ajeer-229	332	185	)	)	PUNCT
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ajeer-229	332	189	)	)	PUNCT
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ajeer-229	332	191	*	*	PUNCT
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ajeer-229	332	194	(	(	PUNCT
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ajeer-229	332	196	)	)	PUNCT
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ajeer-229	332	200	)	)	PUNCT
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ajeer-229	332	202	*	*	PUNCT
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ajeer-229	332	204	(	(	PUNCT
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ajeer-229	332	206	)	)	PUNCT
ajeer-229	332	207	aud	aud	NOUN
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ajeer-229	332	209	(	(	PUNCT
ajeer-229	332	210	0.05	0.05	NUM
ajeer-229	332	211	)	)	PUNCT
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ajeer-229	332	213	(	(	PUNCT
ajeer-229	332	214	0.21	0.21	NUM
ajeer-229	332	215	)	)	PUNCT
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ajeer-229	332	217	*	*	PUNCT
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ajeer-229	332	219	(	(	PUNCT
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ajeer-229	332	221	)	)	PUNCT
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ajeer-229	332	223	*	*	PUNCT
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ajeer-229	332	228	)	)	PUNCT
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ajeer-229	332	230	*	*	PUNCT
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ajeer-229	332	234	)	)	PUNCT
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ajeer-229	332	237	(	(	PUNCT
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ajeer-229	332	239	)	)	PUNCT
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ajeer-229	332	243	)	)	PUNCT
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ajeer-229	332	245	*	*	PUNCT
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ajeer-229	332	250	)	)	PUNCT
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ajeer-229	332	252	*	*	PUNCT
ajeer-229	332	253	(	(	PUNCT
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ajeer-229	332	255	)	)	PUNCT
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ajeer-229	332	258	(	(	PUNCT
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ajeer-229	332	260	)	)	PUNCT
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ajeer-229	332	264	)	)	PUNCT
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ajeer-229	332	266	*	*	PUNCT
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ajeer-229	332	271	)	)	PUNCT
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ajeer-229	332	275	(	(	PUNCT
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ajeer-229	332	277	)	)	PUNCT
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ajeer-229	332	282	)	)	PUNCT
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ajeer-229	332	284	(	(	PUNCT
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ajeer-229	332	286	)	)	PUNCT
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ajeer-229	332	292	)	)	PUNCT
ajeer-229	332	293	php	php	NOUN
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ajeer-229	332	297	)	)	PUNCT
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ajeer-229	332	301	)	)	PUNCT
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ajeer-229	332	303	*	*	PUNCT
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ajeer-229	332	308	)	)	PUNCT
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ajeer-229	332	312	(	(	PUNCT
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ajeer-229	332	322	)	)	PUNCT
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ajeer-229	332	324	*	*	NOUN
ajeer-229	332	325	*	*	PUNCT
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ajeer-229	332	329	)	)	PUNCT
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ajeer-229	332	331	(	(	PUNCT
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ajeer-229	332	333	)	)	PUNCT
ajeer-229	333	1	-1.48	-1.48	X
ajeer-229	333	2	*	*	PUNCT
ajeer-229	333	3	*	*	PUNCT
ajeer-229	333	4	*	*	PUNCT
ajeer-229	333	5	(	(	PUNCT
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ajeer-229	333	7	)	)	PUNCT
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ajeer-229	333	12	)	)	PUNCT
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ajeer-229	333	18	)	)	PUNCT
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ajeer-229	333	20	(	(	PUNCT
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ajeer-229	333	22	)	)	PUNCT
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ajeer-229	334	1	*	*	PUNCT
ajeer-229	334	2	*	*	PUNCT
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ajeer-229	334	6	)	)	PUNCT
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ajeer-229	334	8	3	3	NUM
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ajeer-229	334	12	)	)	PUNCT
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ajeer-229	334	16	)	)	PUNCT
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ajeer-229	334	18	*	*	PUNCT
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ajeer-229	334	20	*	*	PUNCT
ajeer-229	334	21	(	(	PUNCT
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ajeer-229	334	23	)	)	PUNCT
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ajeer-229	335	1	*	*	PUNCT
ajeer-229	335	2	*	*	PUNCT
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ajeer-229	335	5	)	)	PUNCT
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ajeer-229	335	9	*	*	PUNCT
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ajeer-229	335	12	)	)	PUNCT
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ajeer-229	335	14	(	(	PUNCT
ajeer-229	335	15	0.29	0.29	NUM
ajeer-229	335	16	)	)	PUNCT
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ajeer-229	335	19	(	(	PUNCT
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ajeer-229	335	21	)	)	PUNCT
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ajeer-229	335	25	)	)	PUNCT
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ajeer-229	335	29	(	(	PUNCT
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ajeer-229	335	31	)	)	PUNCT
ajeer-229	335	32	adj	adj	PROPN
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ajeer-229	335	36	0.85	0.85	NUM
ajeer-229	335	37	0.77	0.77	NUM
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ajeer-229	335	39	0.74	0.74	NUM
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ajeer-229	336	6	20	20	NUM
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ajeer-229	336	8	:	:	PUNCT
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ajeer-229	336	10	economic	economic	PROPN
ajeer-229	336	11	journal	journal	PROPN
ajeer-229	336	12	(	(	PUNCT
ajeer-229	336	13	tej	tej	PROPN
ajeer-229	336	14	)	)	PUNCT
ajeer-229	336	15	.	.	PUNCT
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ajeer-229	337	3	5	5	NUM
ajeer-229	337	4	,	,	PUNCT
ajeer-229	337	5	model	model	NOUN
ajeer-229	337	6	i	i	PRON
ajeer-229	337	7	regresses	regress	VERB
ajeer-229	337	8	d1roe	d1roe	PROPN
ajeer-229	337	9	on	on	ADP
ajeer-229	337	10	all	all	DET
ajeer-229	337	11	exchange	exchange	NOUN
ajeer-229	337	12	fluctuations	fluctuation	NOUN
ajeer-229	337	13	,	,	PUNCT
ajeer-229	337	14	lagged	lag	VERB
ajeer-229	337	15	variables	variable	NOUN
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ajeer-229	337	17	the	the	DET
ajeer-229	337	18	control	control	NOUN
ajeer-229	337	19	variables	variable	NOUN
ajeer-229	337	20	.	.	PUNCT
ajeer-229	338	1	model	model	PROPN
ajeer-229	338	2	ii	ii	PROPN
ajeer-229	338	3	regresses	regress	VERB
ajeer-229	338	4	d1roe	d1roe	PROPN
ajeer-229	338	5	on	on	ADP
ajeer-229	338	6	all	all	DET
ajeer-229	338	7	variables	variable	NOUN
ajeer-229	338	8	but	but	CCONJ
ajeer-229	338	9	selected	select	VERB
ajeer-229	338	10	by	by	ADP
ajeer-229	338	11	eliminating	eliminate	VERB
ajeer-229	338	12	higher	high	ADJ
ajeer-229	338	13	p	p	ADJ
ajeer-229	338	14	-	-	PUNCT
ajeer-229	338	15	value	value	NOUN
ajeer-229	338	16	explanatory	explanatory	ADJ
ajeer-229	338	17	variables	variable	NOUN
ajeer-229	338	18	.	.	PUNCT
ajeer-229	339	1	we	we	PRON
ajeer-229	339	2	may	may	AUX
ajeer-229	339	3	find	find	VERB
ajeer-229	339	4	that	that	SCONJ
ajeer-229	339	5	the	the	DET
ajeer-229	339	6	results	result	NOUN
ajeer-229	339	7	in	in	ADP
ajeer-229	339	8	table	table	NOUN
ajeer-229	339	9	5	5	NUM
ajeer-229	339	10	are	be	AUX
ajeer-229	339	11	almost	almost	ADV
ajeer-229	339	12	the	the	DET
ajeer-229	339	13	same	same	ADJ
ajeer-229	339	14	as	as	ADP
ajeer-229	339	15	in	in	ADP
ajeer-229	339	16	table	table	NOUN
ajeer-229	339	17	4	4	NUM
ajeer-229	339	18	.	.	PUNCT
ajeer-229	340	1	there	there	PRON
ajeer-229	340	2	is	be	VERB
ajeer-229	340	3	seasonal	seasonal	ADJ
ajeer-229	340	4	effect	effect	NOUN
ajeer-229	340	5	for	for	ADP
ajeer-229	340	6	taiwan	taiwan	PROPN
ajeer-229	340	7	hotel	hotel	PROPN
ajeer-229	340	8	industry‟s	industry‟s	PRON
ajeer-229	340	9	roe	roe	PROPN
ajeer-229	340	10	,	,	PUNCT
ajeer-229	340	11	too	too	ADV
ajeer-229	340	12	.	.	PUNCT
ajeer-229	341	1	and	and	CCONJ
ajeer-229	341	2	the	the	DET
ajeer-229	341	3	d1roe	d1roe	NOUN
ajeer-229	341	4	of	of	ADP
ajeer-229	341	5	first	first	ADJ
ajeer-229	341	6	hotel	hotel	PROPN
ajeer-229	341	7	company	company	PROPN
ajeer-229	341	8	ltd	ltd	PROPN
ajeer-229	341	9	.	.	PROPN
ajeer-229	341	10	(	(	PUNCT
ajeer-229	341	11	2706	2706	NUM
ajeer-229	341	12	)	)	PUNCT
ajeer-229	341	13	and	and	CCONJ
ajeer-229	341	14	pleasant	pleasant	ADJ
ajeer-229	341	15	hotels	hotel	NOUN
ajeer-229	341	16	international	international	PROPN
ajeer-229	341	17	inc	inc	PROPN
ajeer-229	341	18	.	.	PROPN
ajeer-229	341	19	(	(	PUNCT
ajeer-229	341	20	2718	2718	NUM
ajeer-229	341	21	)	)	PUNCT
ajeer-229	341	22	are	be	AUX
ajeer-229	341	23	mean	mean	ADJ
ajeer-229	341	24	-	-	PUNCT
ajeer-229	341	25	reverting	revert	VERB
ajeer-229	341	26	.	.	PUNCT
ajeer-229	342	1	moreover	moreover	ADV
ajeer-229	342	2	,	,	PUNCT
ajeer-229	342	3	the	the	DET
ajeer-229	342	4	number	number	NOUN
ajeer-229	342	5	of	of	ADP
ajeer-229	342	6	significant	significant	ADJ
ajeer-229	342	7	variables	variable	NOUN
ajeer-229	342	8	and	and	CCONJ
ajeer-229	342	9	the	the	DET
ajeer-229	342	10	component	component	NOUN
ajeer-229	342	11	of	of	ADP
ajeer-229	342	12	significant	significant	ADJ
ajeer-229	342	13	variables	variable	NOUN
ajeer-229	342	14	are	be	AUX
ajeer-229	342	15	different	different	ADJ
ajeer-229	342	16	to	to	ADP
ajeer-229	342	17	each	each	DET
ajeer-229	342	18	company	company	NOUN
ajeer-229	342	19	.	.	PUNCT
ajeer-229	343	1	for	for	ADP
ajeer-229	343	2	example	example	NOUN
ajeer-229	343	3	,	,	PUNCT
ajeer-229	343	4	the	the	DET
ajeer-229	343	5	significant	significant	ADJ
ajeer-229	343	6	variables	variable	NOUN
ajeer-229	343	7	of	of	ADP
ajeer-229	343	8	the	the	DET
ajeer-229	343	9	roe	roe	NOUN
ajeer-229	343	10	of	of	ADP
ajeer-229	343	11	landis	landis	PROPN
ajeer-229	343	12	taipei	taipei	PROPN
ajeer-229	343	13	hotel	hotel	PROPN
ajeer-229	343	14	co.	co.	PROPN
ajeer-229	343	15	,	,	PUNCT
ajeer-229	343	16	ltd	ltd	PROPN
ajeer-229	343	17	.	.	PROPN
ajeer-229	343	18	(	(	PUNCT
ajeer-229	343	19	5703	5703	NUM
ajeer-229	343	20	)	)	PUNCT
ajeer-229	343	21	are	be	AUX
ajeer-229	343	22	the	the	DET
ajeer-229	343	23	changes	change	NOUN
ajeer-229	343	24	of	of	ADP
ajeer-229	343	25	euro	euro	NOUN
ajeer-229	343	26	,	,	PUNCT
ajeer-229	343	27	japan	japan	PROPN
ajeer-229	343	28	yen	yen	PROPN
ajeer-229	343	29	,	,	PUNCT
ajeer-229	343	30	australia	australia	NOUN
ajeer-229	343	31	dollar	dollar	NOUN
ajeer-229	343	32	and	and	CCONJ
ajeer-229	343	33	malaysian	malaysian	ADJ
ajeer-229	343	34	ringgit	ringgit	NOUN
ajeer-229	343	35	,	,	PUNCT
ajeer-229	343	36	but	but	CCONJ
ajeer-229	343	37	that	that	PRON
ajeer-229	343	38	of	of	ADP
ajeer-229	343	39	the	the	DET
ajeer-229	343	40	chateau	chateau	PROPN
ajeer-229	343	41	international	international	PROPN
ajeer-229	343	42	development	development	PROPN
ajeer-229	343	43	co.	co.	PROPN
ajeer-229	343	44	,	,	PUNCT
ajeer-229	343	45	ltd	ltd	PROPN
ajeer-229	343	46	.	.	PROPN
ajeer-229	343	47	(	(	PUNCT
ajeer-229	343	48	2722	2722	NUM
ajeer-229	343	49	)	)	PUNCT
ajeer-229	343	50	are	be	AUX
ajeer-229	343	51	the	the	DET
ajeer-229	343	52	changes	change	NOUN
ajeer-229	343	53	of	of	ADP
ajeer-229	343	54	euro	euro	NOUN
ajeer-229	343	55	,	,	PUNCT
ajeer-229	343	56	pound	pound	NOUN
ajeer-229	343	57	,	,	PUNCT
ajeer-229	343	58	chinese	chinese	PROPN
ajeer-229	343	59	yuan	yuan	PROPN
ajeer-229	343	60	,	,	PUNCT
ajeer-229	343	61	japan	japan	PROPN
ajeer-229	343	62	yen	yen	PROPN
ajeer-229	343	63	,	,	PUNCT
ajeer-229	343	64	korean	korean	PROPN
ajeer-229	343	65	won	win	VERB
ajeer-229	343	66	,	,	PUNCT
ajeer-229	343	67	singapore	singapore	PROPN
ajeer-229	343	68	dollar	dollar	NOUN
ajeer-229	343	69	,	,	PUNCT
ajeer-229	343	70	australia	australia	NOUN
ajeer-229	343	71	dollar	dollar	NOUN
ajeer-229	343	72	,	,	PUNCT
ajeer-229	343	73	thailand	thailand	PROPN
ajeer-229	343	74	baht	baht	NOUN
ajeer-229	343	75	,	,	PUNCT
ajeer-229	343	76	malaysian	malaysian	ADJ
ajeer-229	343	77	ringgit	ringgit	NOUN
ajeer-229	343	78	,	,	PUNCT
ajeer-229	343	79	and	and	CCONJ
ajeer-229	343	80	philippine	philippine	ADJ
ajeer-229	343	81	peso	peso	NOUN
ajeer-229	343	82	.	.	PUNCT
ajeer-229	344	1	therefore	therefore	ADV
ajeer-229	344	2	,	,	PUNCT
ajeer-229	344	3	it	it	PRON
ajeer-229	344	4	supports	support	VERB
ajeer-229	344	5	the	the	DET
ajeer-229	344	6	results	result	NOUN
ajeer-229	344	7	in	in	ADP
ajeer-229	344	8	the	the	DET
ajeer-229	344	9	table	table	NOUN
ajeer-229	344	10	4	4	NUM
ajeer-229	344	11	,	,	PUNCT
ajeer-229	344	12	which	which	PRON
ajeer-229	344	13	the	the	DET
ajeer-229	344	14	portfolio	portfolio	NOUN
ajeer-229	344	15	of	of	ADP
ajeer-229	344	16	currencies	currency	NOUN
ajeer-229	344	17	should	should	AUX
ajeer-229	344	18	be	be	AUX
ajeer-229	344	19	different	different	ADJ
ajeer-229	344	20	for	for	ADP
ajeer-229	344	21	each	each	DET
ajeer-229	344	22	company	company	NOUN
ajeer-229	344	23	.	.	PUNCT
ajeer-229	345	1	asian	asian	ADJ
ajeer-229	345	2	journal	journal	PROPN
ajeer-229	345	3	of	of	ADP
ajeer-229	345	4	economics	economic	NOUN
ajeer-229	345	5	and	and	CCONJ
ajeer-229	345	6	empirical	empirical	ADJ
ajeer-229	345	7	research	research	NOUN
ajeer-229	345	8	,	,	PUNCT
ajeer-229	345	9	2017	2017	NUM
ajeer-229	345	10	,	,	PUNCT
ajeer-229	345	11	4(1	4(1	NOUN
ajeer-229	345	12	):	):	PUNCT
ajeer-229	345	13	32	32	NUM
ajeer-229	345	14	-	-	SYM
ajeer-229	345	15	48	48	NUM
ajeer-229	345	16	45	45	NUM
ajeer-229	345	17	table-5	table-5	PROPN
ajeer-229	345	18	.	.	PUNCT
ajeer-229	346	1	regression	regression	NOUN
ajeer-229	346	2	on	on	ADP
ajeer-229	346	3	roe	roe	PROPN
ajeer-229	346	4	(	(	PUNCT
ajeer-229	346	5	continued	continued	ADJ
ajeer-229	346	6	)	)	PUNCT
ajeer-229	346	7	.	.	PUNCT
ajeer-229	347	1	company	company	NOUN
ajeer-229	347	2	janfusun	janfusun	PROPN
ajeer-229	347	3	fancyworld	fancyworld	PROPN
ajeer-229	347	4	corp	corp	PROPN
ajeer-229	347	5	.	.	PROPN
ajeer-229	347	6	(	(	PUNCT
ajeer-229	347	7	5701	5701	NUM
ajeer-229	347	8	)	)	PUNCT
ajeer-229	347	9	the	the	DET
ajeer-229	347	10	landis	landis	PROPN
ajeer-229	347	11	taipei	taipei	PROPN
ajeer-229	347	12	hotel	hotel	PROPN
ajeer-229	347	13	co.	co.	PROPN
ajeer-229	347	14	,	,	PUNCT
ajeer-229	347	15	ltd	ltd	PROPN
ajeer-229	347	16	.	.	PROPN
ajeer-229	347	17	(	(	PUNCT
ajeer-229	347	18	5703	5703	NUM
ajeer-229	347	19	)	)	PUNCT
ajeer-229	347	20	hotel	hotel	NOUN
ajeer-229	347	21	royal	royal	ADJ
ajeer-229	347	22	chihpen	chihpen	NOUN
ajeer-229	347	23	(	(	PUNCT
ajeer-229	347	24	5704	5704	NUM
ajeer-229	347	25	)	)	PUNCT
ajeer-229	347	26	variables	variable	NOUN
ajeer-229	347	27	model	model	NOUN
ajeer-229	347	28	i	i	PRON
ajeer-229	347	29	model	model	PROPN
ajeer-229	347	30	ii	ii	PROPN
ajeer-229	347	31	model	model	NOUN
ajeer-229	347	32	i	i	PRON
ajeer-229	347	33	model	model	PROPN
ajeer-229	347	34	ii	ii	PROPN
ajeer-229	347	35	model	model	NOUN
ajeer-229	347	36	i	i	PRON
ajeer-229	347	37	model	model	VERB
ajeer-229	347	38	ii	ii	PROPN
ajeer-229	347	39	const	const	PROPN
ajeer-229	347	40	.	.	PUNCT
ajeer-229	348	1	55.72	55.72	NUM
ajeer-229	348	2	(	(	PUNCT
ajeer-229	348	3	141.90	141.90	NUM
ajeer-229	348	4	)	)	PUNCT
ajeer-229	348	5	0.04	0.04	NUM
ajeer-229	348	6	(	(	PUNCT
ajeer-229	348	7	0.42	0.42	NUM
ajeer-229	348	8	)	)	PUNCT
ajeer-229	348	9	70.20	70.20	NUM
ajeer-229	348	10	(	(	PUNCT
ajeer-229	348	11	69.75	69.75	NUM
ajeer-229	348	12	)	)	PUNCT
ajeer-229	348	13	-0.28	-0.28	NOUN
ajeer-229	348	14	(	(	PUNCT
ajeer-229	348	15	0.23	0.23	NUM
ajeer-229	348	16	)	)	PUNCT
ajeer-229	348	17	39.26	39.26	NUM
ajeer-229	348	18	*	*	PUNCT
ajeer-229	348	19	(	(	PUNCT
ajeer-229	348	20	21.32	21.32	NUM
ajeer-229	348	21	)	)	PUNCT
ajeer-229	348	22	0.02	0.02	NUM
ajeer-229	348	23	(	(	PUNCT
ajeer-229	348	24	0.14	0.14	NUM
ajeer-229	348	25	)	)	PUNCT
ajeer-229	348	26	rmrf	rmrf	NOUN
ajeer-229	348	27	0.09	0.09	NUM
ajeer-229	348	28	(	(	PUNCT
ajeer-229	348	29	0.33	0.33	NUM
ajeer-229	348	30	)	)	PUNCT
ajeer-229	348	31	0.07	0.07	NUM
ajeer-229	348	32	(	(	PUNCT
ajeer-229	348	33	0.04	0.04	NUM
ajeer-229	348	34	)	)	PUNCT
ajeer-229	348	35	0.06	0.06	NUM
ajeer-229	348	36	*	*	PUNCT
ajeer-229	348	37	*	*	PUNCT
ajeer-229	348	38	(	(	PUNCT
ajeer-229	348	39	0.02	0.02	NUM
ajeer-229	348	40	)	)	PUNCT
ajeer-229	348	41	0.04	0.04	NUM
ajeer-229	348	42	*	*	PUNCT
ajeer-229	348	43	*	*	PUNCT
ajeer-229	348	44	(	(	PUNCT
ajeer-229	348	45	0.02	0.02	NUM
ajeer-229	348	46	)	)	PUNCT
ajeer-229	348	47	usd	usd	NOUN
ajeer-229	348	48	0.11	0.11	NUM
ajeer-229	348	49	(	(	PUNCT
ajeer-229	348	50	1.45	1.45	NUM
ajeer-229	348	51	)	)	PUNCT
ajeer-229	348	52	0.17	0.17	NUM
ajeer-229	348	53	(	(	PUNCT
ajeer-229	348	54	0.33	0.33	NUM
ajeer-229	348	55	)	)	PUNCT
ajeer-229	348	56	0.04	0.04	NUM
ajeer-229	348	57	(	(	PUNCT
ajeer-229	348	58	0.19	0.19	NUM
ajeer-229	348	59	)	)	PUNCT
ajeer-229	348	60	jpy	jpy	PROPN
ajeer-229	348	61	0.12	0.12	NUM
ajeer-229	348	62	(	(	PUNCT
ajeer-229	348	63	0.35	0.35	NUM
ajeer-229	348	64	)	)	PUNCT
ajeer-229	348	65	-0.15	-0.15	NUM
ajeer-229	348	66	(	(	PUNCT
ajeer-229	348	67	0.10	0.10	NUM
ajeer-229	348	68	)	)	PUNCT
ajeer-229	348	69	-0.15	-0.15	NOUN
ajeer-229	348	70	*	*	PUNCT
ajeer-229	348	71	*	*	PUNCT
ajeer-229	348	72	(	(	PUNCT
ajeer-229	348	73	0.06	0.06	NUM
ajeer-229	348	74	)	)	PUNCT
ajeer-229	348	75	0.08	0.08	NUM
ajeer-229	348	76	(	(	PUNCT
ajeer-229	348	77	0.05	0.05	NUM
ajeer-229	348	78	)	)	PUNCT
ajeer-229	348	79	cny	cny	NOUN
ajeer-229	348	80	0.01	0.01	NUM
ajeer-229	348	81	(	(	PUNCT
ajeer-229	348	82	1.23	1.23	NUM
ajeer-229	348	83	)	)	PUNCT
ajeer-229	348	84	0.11	0.11	NUM
ajeer-229	348	85	(	(	PUNCT
ajeer-229	348	86	0.37	0.37	NUM
ajeer-229	348	87	)	)	PUNCT
ajeer-229	348	88	0.28	0.28	NUM
ajeer-229	348	89	(	(	PUNCT
ajeer-229	348	90	0.21	0.21	NUM
ajeer-229	348	91	)	)	PUNCT
ajeer-229	348	92	0.25	0.25	NUM
ajeer-229	348	93	*	*	PUNCT
ajeer-229	348	94	*	*	PUNCT
ajeer-229	348	95	*	*	PUNCT
ajeer-229	348	96	(	(	PUNCT
ajeer-229	348	97	0.08	0.08	NUM
ajeer-229	348	98	)	)	PUNCT
ajeer-229	348	99	eur	eur	NOUN
ajeer-229	348	100	0.12	0.12	NUM
ajeer-229	348	101	(	(	PUNCT
ajeer-229	348	102	0.45	0.45	NUM
ajeer-229	348	103	)	)	PUNCT
ajeer-229	348	104	-0.15	-0.15	NUM
ajeer-229	348	105	(	(	PUNCT
ajeer-229	348	106	0.14	0.14	NUM
ajeer-229	348	107	)	)	PUNCT
ajeer-229	348	108	-0.25	-0.25	NUM
ajeer-229	348	109	*	*	PUNCT
ajeer-229	348	110	*	*	PUNCT
ajeer-229	348	111	*	*	PUNCT
ajeer-229	348	112	(	(	PUNCT
ajeer-229	348	113	0.09	0.09	NUM
ajeer-229	348	114	)	)	PUNCT
ajeer-229	348	115	0.02	0.02	NUM
ajeer-229	348	116	(	(	PUNCT
ajeer-229	348	117	0.08	0.08	NUM
ajeer-229	348	118	)	)	PUNCT
ajeer-229	348	119	krw	krw	PROPN
ajeer-229	348	120	0.37	0.37	NUM
ajeer-229	348	121	(	(	PUNCT
ajeer-229	348	122	0.72	0.72	NUM
ajeer-229	348	123	)	)	PUNCT
ajeer-229	348	124	0.08	0.08	NUM
ajeer-229	348	125	(	(	PUNCT
ajeer-229	348	126	0.12	0.12	NUM
ajeer-229	348	127	)	)	PUNCT
ajeer-229	348	128	0.30	0.30	NUM
ajeer-229	348	129	*	*	PUNCT
ajeer-229	348	130	*	*	PUNCT
ajeer-229	348	131	*	*	PUNCT
ajeer-229	348	132	(	(	PUNCT
ajeer-229	348	133	0.07	0.07	NUM
ajeer-229	348	134	)	)	PUNCT
ajeer-229	348	135	0.18	0.18	NUM
ajeer-229	348	136	*	*	PUNCT
ajeer-229	348	137	*	*	PUNCT
ajeer-229	348	138	*	*	PUNCT
ajeer-229	348	139	(	(	PUNCT
ajeer-229	348	140	0.05	0.05	NUM
ajeer-229	348	141	)	)	PUNCT
ajeer-229	348	142	gbp	gbp	NOUN
ajeer-229	348	143	-0.59	-0.59	NUM
ajeer-229	348	144	(	(	PUNCT
ajeer-229	348	145	0.43	0.43	NUM
ajeer-229	348	146	)	)	PUNCT
ajeer-229	348	147	-0.31	-0.31	PROPN
ajeer-229	348	148	*	*	PUNCT
ajeer-229	348	149	*	*	PUNCT
ajeer-229	348	150	(	(	PUNCT
ajeer-229	348	151	0.14	0.14	NUM
ajeer-229	348	152	)	)	PUNCT
ajeer-229	348	153	-0.02	-0.02	NUM
ajeer-229	348	154	(	(	PUNCT
ajeer-229	348	155	0.14	0.14	NUM
ajeer-229	348	156	)	)	PUNCT
ajeer-229	348	157	-0.09	-0.09	NUM
ajeer-229	348	158	(	(	PUNCT
ajeer-229	348	159	0.08	0.08	NUM
ajeer-229	348	160	)	)	PUNCT
ajeer-229	348	161	sgd	sgd	PROPN
ajeer-229	348	162	0.16	0.16	NUM
ajeer-229	348	163	(	(	PUNCT
ajeer-229	348	164	1.00	1.00	NUM
ajeer-229	348	165	)	)	PUNCT
ajeer-229	348	166	-0.09	-0.09	NUM
ajeer-229	348	167	(	(	PUNCT
ajeer-229	348	168	0.33	0.33	NUM
ajeer-229	348	169	)	)	PUNCT
ajeer-229	348	170	-0.36	-0.36	NOUN
ajeer-229	348	171	*	*	PUNCT
ajeer-229	348	172	(	(	PUNCT
ajeer-229	348	173	0.20	0.20	NUM
ajeer-229	348	174	)	)	PUNCT
ajeer-229	348	175	-0.32	-0.32	VERB
ajeer-229	348	176	*	*	PUNCT
ajeer-229	348	177	*	*	PUNCT
ajeer-229	348	178	*	*	PUNCT
ajeer-229	348	179	(	(	PUNCT
ajeer-229	348	180	0.10	0.10	NUM
ajeer-229	348	181	)	)	PUNCT
ajeer-229	348	182	aud	aud	NOUN
ajeer-229	348	183	-0.51	-0.51	INTJ
ajeer-229	348	184	(	(	PUNCT
ajeer-229	348	185	0.37	0.37	NUM
ajeer-229	348	186	)	)	PUNCT
ajeer-229	348	187	-0.22	-0.22	NOUN
ajeer-229	348	188	*	*	PUNCT
ajeer-229	348	189	(	(	PUNCT
ajeer-229	348	190	0.11	0.11	NUM
ajeer-229	348	191	)	)	PUNCT
ajeer-229	348	192	0.30	0.30	NUM
ajeer-229	348	193	*	*	PUNCT
ajeer-229	348	194	*	*	PUNCT
ajeer-229	348	195	(	(	PUNCT
ajeer-229	348	196	0.12	0.12	NUM
ajeer-229	348	197	)	)	PUNCT
ajeer-229	348	198	0.39	0.39	NUM
ajeer-229	348	199	*	*	PUNCT
ajeer-229	348	200	*	*	PUNCT
ajeer-229	348	201	*	*	PUNCT
ajeer-229	348	202	(	(	PUNCT
ajeer-229	348	203	0.07	0.07	NUM
ajeer-229	348	204	)	)	PUNCT
ajeer-229	348	205	0.01	0.01	NUM
ajeer-229	348	206	(	(	PUNCT
ajeer-229	348	207	0.06	0.06	NUM
ajeer-229	348	208	)	)	PUNCT
ajeer-229	348	209	idr	idr	PROPN
ajeer-229	348	210	0.23	0.23	NUM
ajeer-229	348	211	(	(	PUNCT
ajeer-229	348	212	0.33	0.33	NUM
ajeer-229	348	213	)	)	PUNCT
ajeer-229	348	214	-0.03	-0.03	NOUN
ajeer-229	348	215	(	(	PUNCT
ajeer-229	348	216	0.08	0.08	NUM
ajeer-229	348	217	)	)	PUNCT
ajeer-229	348	218	-0.01	-0.01	NUM
ajeer-229	348	219	(	(	PUNCT
ajeer-229	348	220	0.05	0.05	NUM
ajeer-229	348	221	)	)	PUNCT
ajeer-229	348	222	thb	thb	NOUN
ajeer-229	348	223	-0.42	-0.42	PRON
ajeer-229	348	224	(	(	PUNCT
ajeer-229	348	225	0.66	0.66	NUM
ajeer-229	348	226	)	)	PUNCT
ajeer-229	348	227	-0.11	-0.11	NUM
ajeer-229	348	228	(	(	PUNCT
ajeer-229	348	229	0.17	0.17	NUM
ajeer-229	348	230	)	)	PUNCT
ajeer-229	348	231	-0.00	-0.00	X
ajeer-229	348	232	(	(	PUNCT
ajeer-229	348	233	0.10	0.10	NUM
ajeer-229	348	234	)	)	PUNCT
ajeer-229	348	235	myr	myr	NOUN
ajeer-229	348	236	0.51	0.51	NUM
ajeer-229	348	237	(	(	PUNCT
ajeer-229	348	238	0.48	0.48	NUM
ajeer-229	348	239	)	)	PUNCT
ajeer-229	348	240	0.36	0.36	NUM
ajeer-229	348	241	*	*	SYM
ajeer-229	348	242	(	(	PUNCT
ajeer-229	348	243	0.20	0.20	NUM
ajeer-229	348	244	)	)	PUNCT
ajeer-229	348	245	-0.23	-0.23	PROPN
ajeer-229	348	246	(	(	PUNCT
ajeer-229	348	247	0.18	0.18	NUM
ajeer-229	348	248	)	)	PUNCT
ajeer-229	348	249	-0.24	-0.24	NOUN
ajeer-229	348	250	*	*	PUNCT
ajeer-229	348	251	*	*	PUNCT
ajeer-229	348	252	(	(	PUNCT
ajeer-229	348	253	0.11	0.11	NUM
ajeer-229	348	254	)	)	PUNCT
ajeer-229	348	255	0.05	0.05	NUM
ajeer-229	348	256	(	(	PUNCT
ajeer-229	348	257	0.11	0.11	NUM
ajeer-229	348	258	)	)	PUNCT
ajeer-229	348	259	php	php	NOUN
ajeer-229	348	260	0.20	0.20	NUM
ajeer-229	348	261	(	(	PUNCT
ajeer-229	348	262	1.13	1.13	NUM
ajeer-229	348	263	)	)	PUNCT
ajeer-229	348	264	-0.03	-0.03	NOUN
ajeer-229	348	265	(	(	PUNCT
ajeer-229	348	266	0.14	0.14	NUM
ajeer-229	348	267	)	)	PUNCT
ajeer-229	348	268	-0.11	-0.11	NOUN
ajeer-229	348	269	(	(	PUNCT
ajeer-229	348	270	0.08	0.08	NUM
ajeer-229	348	271	)	)	PUNCT
ajeer-229	348	272	lag1	lag1	NOUN
ajeer-229	348	273	-0.60	-0.60	NUM
ajeer-229	348	274	*	*	X
ajeer-229	348	275	(	(	PUNCT
ajeer-229	348	276	0.31	0.31	NUM
ajeer-229	348	277	)	)	PUNCT
ajeer-229	348	278	-0.75	-0.75	NUM
ajeer-229	348	279	*	*	PUNCT
ajeer-229	348	280	*	*	PUNCT
ajeer-229	348	281	*	*	PUNCT
ajeer-229	348	282	(	(	PUNCT
ajeer-229	348	283	0.17	0.17	NUM
ajeer-229	348	284	)	)	PUNCT
ajeer-229	348	285	-0.76	-0.76	PROPN
ajeer-229	348	286	*	*	PROPN
ajeer-229	348	287	*	*	PUNCT
ajeer-229	348	288	*	*	PUNCT
ajeer-229	348	289	(	(	PUNCT
ajeer-229	348	290	0.13	0.13	NUM
ajeer-229	348	291	)	)	PUNCT
ajeer-229	348	292	-0.75	-0.75	NUM
ajeer-229	348	293	*	*	PUNCT
ajeer-229	348	294	*	*	PUNCT
ajeer-229	348	295	*	*	PUNCT
ajeer-229	348	296	(	(	PUNCT
ajeer-229	348	297	0.09	0.09	NUM
ajeer-229	348	298	)	)	PUNCT
ajeer-229	348	299	-1.09	-1.09	NOUN
ajeer-229	348	300	*	*	PUNCT
ajeer-229	348	301	*	*	PUNCT
ajeer-229	348	302	*	*	PUNCT
ajeer-229	348	303	(	(	PUNCT
ajeer-229	348	304	0.14	0.14	NUM
ajeer-229	348	305	)	)	PUNCT
ajeer-229	348	306	-0.99	-0.99	NOUN
ajeer-229	348	307	*	*	PUNCT
ajeer-229	348	308	*	*	PUNCT
ajeer-229	348	309	*	*	PUNCT
ajeer-229	348	310	(	(	PUNCT
ajeer-229	348	311	0.09	0.09	NUM
ajeer-229	348	312	)	)	PUNCT
ajeer-229	348	313	lag2	lag2	NOUN
ajeer-229	348	314	-0.29	-0.29	NUM
ajeer-229	348	315	(	(	PUNCT
ajeer-229	348	316	0.43	0.43	NUM
ajeer-229	348	317	)	)	PUNCT
ajeer-229	348	318	-0.52	-0.52	NOUN
ajeer-229	348	319	*	*	PUNCT
ajeer-229	348	320	*	*	PUNCT
ajeer-229	348	321	*	*	PUNCT
ajeer-229	348	322	(	(	PUNCT
ajeer-229	348	323	0.17	0.17	NUM
ajeer-229	348	324	)	)	PUNCT
ajeer-229	348	325	-0.35	-0.35	NOUN
ajeer-229	348	326	*	*	NOUN
ajeer-229	348	327	*	*	PUNCT
ajeer-229	348	328	(	(	PUNCT
ajeer-229	348	329	0.15	0.15	NUM
ajeer-229	348	330	)	)	PUNCT
ajeer-229	348	331	-0.42	-0.42	NOUN
ajeer-229	348	332	*	*	NOUN
ajeer-229	348	333	*	*	PUNCT
ajeer-229	348	334	*	*	PUNCT
ajeer-229	348	335	(	(	PUNCT
ajeer-229	348	336	0.09	0.09	NUM
ajeer-229	348	337	)	)	PUNCT
ajeer-229	348	338	-0.83	-0.83	NOUN
ajeer-229	348	339	*	*	PUNCT
ajeer-229	348	340	*	*	PUNCT
ajeer-229	348	341	*	*	PUNCT
ajeer-229	348	342	(	(	PUNCT
ajeer-229	348	343	0.19	0.19	NUM
ajeer-229	348	344	)	)	PUNCT
ajeer-229	348	345	-0.66	-0.66	NOUN
ajeer-229	348	346	*	*	NOUN
ajeer-229	348	347	*	*	PUNCT
ajeer-229	348	348	*	*	PUNCT
ajeer-229	348	349	(	(	PUNCT
ajeer-229	348	350	0.12	0.12	NUM
ajeer-229	348	351	)	)	PUNCT
ajeer-229	348	352	lag	lag	VERB
ajeer-229	348	353	3	3	NUM
ajeer-229	348	354	0.30	0.30	NUM
ajeer-229	348	355	(	(	PUNCT
ajeer-229	348	356	0.73	0.73	NUM
ajeer-229	348	357	)	)	PUNCT
ajeer-229	348	358	-0.01	-0.01	NUM
ajeer-229	348	359	(	(	PUNCT
ajeer-229	348	360	0.13	0.13	NUM
ajeer-229	348	361	)	)	PUNCT
ajeer-229	348	362	-0.73	-0.73	NOUN
ajeer-229	348	363	*	*	PUNCT
ajeer-229	348	364	*	*	PUNCT
ajeer-229	348	365	*	*	PUNCT
ajeer-229	348	366	(	(	PUNCT
ajeer-229	348	367	0.19	0.19	NUM
ajeer-229	348	368	)	)	PUNCT
ajeer-229	348	369	-0.56	-0.56	NOUN
ajeer-229	348	370	*	*	X
ajeer-229	348	371	*	*	PUNCT
ajeer-229	348	372	*	*	PUNCT
ajeer-229	348	373	(	(	PUNCT
ajeer-229	348	374	0.09	0.09	NUM
ajeer-229	348	375	)	)	PUNCT
ajeer-229	348	376	lag4	lag4	NOUN
ajeer-229	348	377	0.26	0.26	NUM
ajeer-229	348	378	(	(	PUNCT
ajeer-229	348	379	0.48	0.48	NUM
ajeer-229	348	380	)	)	PUNCT
ajeer-229	348	381	-0.08	-0.08	NUM
ajeer-229	348	382	(	(	PUNCT
ajeer-229	348	383	0.11	0.11	NUM
ajeer-229	348	384	)	)	PUNCT
ajeer-229	348	385	-0.12	-0.12	NUM
ajeer-229	348	386	(	(	PUNCT
ajeer-229	348	387	0.16	0.16	NUM
ajeer-229	348	388	)	)	PUNCT
ajeer-229	348	389	size	size	NOUN
ajeer-229	348	390	-2.50	-2.50	PROPN
ajeer-229	348	391	(	(	PUNCT
ajeer-229	348	392	6.39	6.39	NUM
ajeer-229	348	393	)	)	PUNCT
ajeer-229	348	394	-3.37	-3.37	NUM
ajeer-229	348	395	(	(	PUNCT
ajeer-229	348	396	3.33	3.33	NUM
ajeer-229	348	397	)	)	PUNCT
ajeer-229	348	398	-1.93	-1.93	NOUN
ajeer-229	348	399	*	*	PUNCT
ajeer-229	348	400	(	(	PUNCT
ajeer-229	348	401	1.05	1.05	NUM
ajeer-229	348	402	)	)	PUNCT
ajeer-229	348	403	adj	adj	X
ajeer-229	348	404	.	.	PROPN
ajeer-229	348	405	r2	r2	PROPN
ajeer-229	348	406	0.04	0.04	NUM
ajeer-229	348	407	0.48	0.48	NUM
ajeer-229	348	408	0.57	0.57	NUM
ajeer-229	348	409	0.61	0.61	NUM
ajeer-229	348	410	0.76	0.76	NUM
ajeer-229	348	411	0.77	0.77	NUM
ajeer-229	348	412	obs	ob	NOUN
ajeer-229	348	413	.	.	PUNCT
ajeer-229	349	1	27	27	NUM
ajeer-229	349	2	27	27	NUM
ajeer-229	349	3	58	58	NUM
ajeer-229	349	4	58	58	NUM
ajeer-229	349	5	58	58	NUM
ajeer-229	349	6	58	58	NUM
ajeer-229	349	7	source	source	NOUN
ajeer-229	349	8	:	:	PUNCT
ajeer-229	349	9	taiwan	taiwan	PROPN
ajeer-229	349	10	economic	economic	PROPN
ajeer-229	349	11	journal	journal	PROPN
ajeer-229	349	12	(	(	PUNCT
ajeer-229	349	13	tej	tej	PROPN
ajeer-229	349	14	)	)	PUNCT
ajeer-229	349	15	.	.	PUNCT
ajeer-229	350	1	next	next	ADV
ajeer-229	350	2	,	,	PUNCT
ajeer-229	350	3	we‟ll	we‟ll	PROPN
ajeer-229	350	4	analyze	analyze	VERB
ajeer-229	350	5	the	the	DET
ajeer-229	350	6	portfolio	portfolio	NOUN
ajeer-229	350	7	will	will	AUX
ajeer-229	350	8	be	be	AUX
ajeer-229	350	9	foreign	foreign	ADJ
ajeer-229	350	10	exchange	exchange	NOUN
ajeer-229	350	11	position	position	NOUN
ajeer-229	350	12	.	.	PUNCT
ajeer-229	351	1	because	because	SCONJ
ajeer-229	351	2	of	of	ADP
ajeer-229	351	3	our	our	PRON
ajeer-229	351	4	foreign	foreign	ADJ
ajeer-229	351	5	trade	trade	NOUN
ajeer-229	351	6	is	be	AUX
ajeer-229	351	7	mainly	mainly	ADV
ajeer-229	351	8	denominated	denominate	VERB
ajeer-229	351	9	in	in	ADP
ajeer-229	351	10	us	us	PROPN
ajeer-229	351	11	dollars	dollar	NOUN
ajeer-229	351	12	,	,	PUNCT
ajeer-229	351	13	but	but	CCONJ
ajeer-229	351	14	also	also	ADV
ajeer-229	351	15	long	long	ADJ
ajeer-229	351	16	-	-	PUNCT
ajeer-229	351	17	term	term	NOUN
ajeer-229	351	18	focus	focus	NOUN
ajeer-229	351	19	taipei	taipei	PROPN
ajeer-229	351	20	currency	currency	NOUN
ajeer-229	351	21	exchange	exchange	NOUN
ajeer-229	351	22	on	on	ADP
ajeer-229	351	23	the	the	DET
ajeer-229	351	24	usd	usd	NOUN
ajeer-229	351	25	/	/	SYM
ajeer-229	351	26	ntd	ntd	PROPN
ajeer-229	351	27	,	,	PUNCT
ajeer-229	351	28	and	and	CCONJ
ajeer-229	351	29	therefore	therefore	ADV
ajeer-229	351	30	may	may	AUX
ajeer-229	351	31	have	have	VERB
ajeer-229	351	32	a	a	DET
ajeer-229	351	33	greater	great	ADJ
ajeer-229	351	34	proportion	proportion	NOUN
ajeer-229	351	35	of	of	ADP
ajeer-229	351	36	dollar	dollar	NOUN
ajeer-229	351	37	holdings	holding	NOUN
ajeer-229	351	38	.	.	PUNCT
ajeer-229	352	1	furthermore	furthermore	ADV
ajeer-229	352	2	,	,	PUNCT
ajeer-229	352	3	since	since	SCONJ
ajeer-229	352	4	the	the	DET
ajeer-229	352	5	chinese	chinese	ADJ
ajeer-229	352	6	mainland	mainland	NOUN
ajeer-229	352	7	tourists	tourist	NOUN
ajeer-229	352	8	to	to	ADP
ajeer-229	352	9	taiwan	taiwan	PROPN
ajeer-229	352	10	surge	surge	NOUN
ajeer-229	352	11	trips	trip	NOUN
ajeer-229	352	12	,	,	PUNCT
ajeer-229	352	13	so	so	SCONJ
ajeer-229	352	14	that	that	SCONJ
ajeer-229	352	15	each	each	PRON
ajeer-229	352	16	of	of	ADP
ajeer-229	352	17	the	the	DET
ajeer-229	352	18	hotel	hotel	NOUN
ajeer-229	352	19	were	be	AUX
ajeer-229	352	20	increased	increase	VERB
ajeer-229	352	21	demand	demand	NOUN
ajeer-229	352	22	for	for	ADP
ajeer-229	352	23	chinese	chinese	PROPN
ajeer-229	352	24	yuan	yuan	PROPN
ajeer-229	352	25	transactions	transaction	NOUN
ajeer-229	352	26	,	,	PUNCT
ajeer-229	352	27	and	and	CCONJ
ajeer-229	352	28	thus	thus	ADV
ajeer-229	352	29	the	the	DET
ajeer-229	352	30	performance	performance	NOUN
ajeer-229	352	31	of	of	ADP
ajeer-229	352	32	the	the	DET
ajeer-229	352	33	reaction	reaction	NOUN
ajeer-229	352	34	in	in	ADP
ajeer-229	352	35	the	the	DET
ajeer-229	352	36	performance	performance	NOUN
ajeer-229	352	37	of	of	ADP
ajeer-229	352	38	its	its	PRON
ajeer-229	352	39	roe	roe	NOUN
ajeer-229	352	40	or	or	CCONJ
ajeer-229	352	41	roa	roa	PROPN
ajeer-229	352	42	.	.	PUNCT
ajeer-229	353	1	on	on	ADP
ajeer-229	353	2	the	the	DET
ajeer-229	353	3	other	other	ADJ
ajeer-229	353	4	hand	hand	NOUN
ajeer-229	353	5	,	,	PUNCT
ajeer-229	353	6	taiwan	taiwan	PROPN
ajeer-229	353	7	is	be	AUX
ajeer-229	353	8	also	also	ADV
ajeer-229	353	9	the	the	DET
ajeer-229	353	10	first	first	ADJ
ajeer-229	353	11	choice	choice	NOUN
ajeer-229	353	12	for	for	ADP
ajeer-229	353	13	japanese	japanese	ADJ
ajeer-229	353	14	and	and	CCONJ
ajeer-229	353	15	korean	korean	ADJ
ajeer-229	353	16	tourists	tourist	NOUN
ajeer-229	353	17	traveling	travel	VERB
ajeer-229	353	18	abroad	abroad	ADV
ajeer-229	353	19	,	,	PUNCT
ajeer-229	353	20	so	so	CCONJ
ajeer-229	353	21	accommodation	accommodation	NOUN
ajeer-229	353	22	for	for	ADP
ajeer-229	353	23	the	the	DET
ajeer-229	353	24	korean	korean	PROPN
ajeer-229	353	25	won	win	VERB
ajeer-229	353	26	and	and	CCONJ
ajeer-229	353	27	the	the	DET
ajeer-229	353	28	japanese	japanese	ADJ
ajeer-229	353	29	yen	yen	NOUN
ajeer-229	353	30	in	in	ADP
ajeer-229	353	31	trading	trading	NOUN
ajeer-229	353	32	volume	volume	NOUN
ajeer-229	353	33	should	should	AUX
ajeer-229	353	34	not	not	PART
ajeer-229	353	35	be	be	AUX
ajeer-229	353	36	underestimated	underestimate	VERB
ajeer-229	353	37	.	.	PUNCT
ajeer-229	354	1	as	as	SCONJ
ajeer-229	354	2	shown	show	VERB
ajeer-229	354	3	in	in	ADP
ajeer-229	354	4	table	table	NOUN
ajeer-229	354	5	7	7	NUM
ajeer-229	354	6	,	,	PUNCT
ajeer-229	354	7	the	the	DET
ajeer-229	354	8	2012	2012	NUM
ajeer-229	354	9	tourist‟s	tourist‟s	ADV
ajeer-229	354	10	sources	source	NOUN
ajeer-229	354	11	distribution	distribution	NOUN
ajeer-229	354	12	for	for	ADP
ajeer-229	354	13	taiwan	taiwan	PROPN
ajeer-229	354	14	major	major	ADJ
ajeer-229	354	15	hotels	hotel	NOUN
ajeer-229	354	16	aggregated	aggregate	VERB
ajeer-229	354	17	by	by	ADP
ajeer-229	354	18	the	the	DET
ajeer-229	354	19	tourism	tourism	NOUN
ajeer-229	354	20	bureau	bureau	NOUN
ajeer-229	354	21	,	,	PUNCT
ajeer-229	354	22	motc	motc	PROPN
ajeer-229	354	23	of	of	ADP
ajeer-229	354	24	taiwan	taiwan	PROPN
ajeer-229	354	25	,	,	PUNCT
ajeer-229	354	26	the	the	DET
ajeer-229	354	27	japanese	japanese	ADJ
ajeer-229	354	28	and	and	CCONJ
ajeer-229	354	29	korean	korean	ADJ
ajeer-229	354	30	inbounds	inbound	NOUN
ajeer-229	354	31	are	be	AUX
ajeer-229	354	32	over	over	ADP
ajeer-229	354	33	1/5	1/5	NUM
ajeer-229	354	34	of	of	ADP
ajeer-229	354	35	guests	guest	NOUN
ajeer-229	354	36	in	in	ADP
ajeer-229	354	37	the	the	DET
ajeer-229	354	38	half	half	NOUN
ajeer-229	354	39	of	of	ADP
ajeer-229	354	40	the	the	DET
ajeer-229	354	41	hotels	hotel	NOUN
ajeer-229	354	42	.	.	PUNCT
ajeer-229	355	1	and	and	CCONJ
ajeer-229	355	2	as	as	SCONJ
ajeer-229	355	3	the	the	DET
ajeer-229	355	4	pleasant	pleasant	ADJ
ajeer-229	355	5	hotel	hotel	NOUN
ajeer-229	355	6	locates	locate	VERB
ajeer-229	355	7	at	at	ADP
ajeer-229	355	8	taoyuan	taoyuan	PROPN
ajeer-229	355	9	,	,	PUNCT
ajeer-229	355	10	closed	close	VERB
ajeer-229	355	11	to	to	ADP
ajeer-229	355	12	the	the	DET
ajeer-229	355	13	taoyuan	taoyuan	PROPN
ajeer-229	355	14	international	international	PROPN
ajeer-229	355	15	airport	airport	PROPN
ajeer-229	355	16	,	,	PUNCT
ajeer-229	355	17	such	such	ADJ
ajeer-229	355	18	that	that	SCONJ
ajeer-229	355	19	,	,	PUNCT
ajeer-229	355	20	most	most	ADJ
ajeer-229	355	21	chinese	chinese	ADJ
ajeer-229	355	22	mainland	mainland	NOUN
ajeer-229	355	23	tourists	tourist	NOUN
ajeer-229	355	24	stay	stay	VERB
ajeer-229	355	25	at	at	ADP
ajeer-229	355	26	the	the	DET
ajeer-229	355	27	hotel	hotel	NOUN
ajeer-229	355	28	in	in	ADP
ajeer-229	355	29	order	order	NOUN
ajeer-229	355	30	to	to	ADP
ajeer-229	355	31	entry	entry	NOUN
ajeer-229	355	32	and	and	CCONJ
ajeer-229	355	33	exit	exit	NOUN
ajeer-229	355	34	.	.	PUNCT
ajeer-229	356	1	jang	jang	PROPN
ajeer-229	356	2	and	and	CCONJ
ajeer-229	356	3	chen	chen	PROPN
ajeer-229	356	4	(	(	PUNCT
ajeer-229	356	5	2008	2008	NUM
ajeer-229	356	6	)	)	PUNCT
ajeer-229	356	7	;	;	PUNCT
ajeer-229	356	8	chen	chen	PROPN
ajeer-229	356	9	et	et	PROPN
ajeer-229	356	10	al	al	PROPN
ajeer-229	356	11	.	.	PROPN
ajeer-229	357	1	(	(	PUNCT
ajeer-229	357	2	2011	2011	NUM
ajeer-229	357	3	)	)	PUNCT
ajeer-229	357	4	employed	employ	VERB
ajeer-229	357	5	the	the	DET
ajeer-229	357	6	modern	modern	ADJ
ajeer-229	357	7	portfolio	portfolio	NOUN
ajeer-229	357	8	theory	theory	NOUN
ajeer-229	357	9	to	to	PART
ajeer-229	357	10	investigate	investigate	VERB
ajeer-229	357	11	the	the	DET
ajeer-229	357	12	mixes	mix	NOUN
ajeer-229	357	13	of	of	ADP
ajeer-229	357	14	inbounds	inbound	NOUN
ajeer-229	357	15	of	of	ADP
ajeer-229	357	16	taiwan	taiwan	PROPN
ajeer-229	357	17	inbounds	inbound	NOUN
ajeer-229	357	18	.	.	PUNCT
ajeer-229	358	1	they	they	PRON
ajeer-229	358	2	suggested	suggest	VERB
ajeer-229	358	3	that	that	SCONJ
ajeer-229	358	4	the	the	DET
ajeer-229	358	5	government	government	NOUN
ajeer-229	358	6	should	should	AUX
ajeer-229	358	7	take	take	VERB
ajeer-229	358	8	the	the	DET
ajeer-229	358	9	high	high	ADJ
ajeer-229	358	10	-	-	PUNCT
ajeer-229	358	11	reward	reward	NOUN
ajeer-229	358	12	/	/	SYM
ajeer-229	358	13	high	high	ADJ
ajeer-229	358	14	-	-	PUNCT
ajeer-229	358	15	volatility	volatility	NOUN
ajeer-229	358	16	option	option	NOUN
ajeer-229	358	17	and	and	CCONJ
ajeer-229	358	18	shift	shift	VERB
ajeer-229	358	19	more	more	ADV
ajeer-229	358	20	available	available	ADJ
ajeer-229	358	21	resources	resource	NOUN
ajeer-229	358	22	to	to	PART
ajeer-229	358	23	attract	attract	VERB
ajeer-229	358	24	the	the	DET
ajeer-229	358	25	japanese	japanese	ADJ
ajeer-229	358	26	tourists	tourist	NOUN
ajeer-229	358	27	.	.	PUNCT
ajeer-229	359	1	asian	asian	ADJ
ajeer-229	359	2	journal	journal	PROPN
ajeer-229	359	3	of	of	ADP
ajeer-229	359	4	economics	economic	NOUN
ajeer-229	359	5	and	and	CCONJ
ajeer-229	359	6	empirical	empirical	ADJ
ajeer-229	359	7	research	research	NOUN
ajeer-229	359	8	,	,	PUNCT
ajeer-229	359	9	2017	2017	NUM
ajeer-229	359	10	,	,	PUNCT
ajeer-229	359	11	4(1	4(1	NOUN
ajeer-229	359	12	):	):	PUNCT
ajeer-229	359	13	32	32	NUM
ajeer-229	359	14	-	-	SYM
ajeer-229	359	15	48	48	NUM
ajeer-229	359	16	46	46	NUM
ajeer-229	359	17	table-6	table-6	PRON
ajeer-229	359	18	.	.	PUNCT
ajeer-229	360	1	regression	regression	NOUN
ajeer-229	360	2	on	on	ADP
ajeer-229	360	3	financial	financial	ADJ
ajeer-229	360	4	performances	performance	NOUN
ajeer-229	360	5	of	of	ADP
ajeer-229	360	6	the	the	DET
ajeer-229	360	7	ambassador	ambassador	NOUN
ajeer-229	360	8	hotel	hotel	NOUN
ajeer-229	360	9	.	.	PUNCT
ajeer-229	361	1	the	the	DET
ajeer-229	361	2	regression	regression	NOUN
ajeer-229	361	3	model	model	NOUN
ajeer-229	361	4	is	be	AUX
ajeer-229	361	5	given	give	VERB
ajeer-229	361	6	as	as	SCONJ
ajeer-229	361	7	follows	follow	VERB
ajeer-229	361	8	:	:	PUNCT
ajeer-229	361	9	.	.	PUNCT
ajeer-229	362	1	,	,	PUNCT
ajeer-229	362	2	,	,	PUNCT
ajeer-229	362	3	,	,	PUNCT
ajeer-229	362	4	,	,	PUNCT
ajeer-229	362	5	,	,	PUNCT
ajeer-229	362	6	,	,	PUNCT
ajeer-229	362	7	,	,	PUNCT
ajeer-229	362	8	,	,	PUNCT
ajeer-229	362	9	tti	tti	PROPN
ajeer-229	362	10	n	n	CCONJ
ajeer-229	362	11	j	j	PROPN
ajeer-229	362	12	tjj	tjj	PROPN
ajeer-229	362	13	p	p	PROPN
ajeer-229	362	14	k	k	PROPN
ajeer-229	362	15	ktktmt	ktktmt	PROPN
ajeer-229	362	16	asizefxyrmrfy	asizefxyrmrfy	PROPN
ajeer-229	362	17	27042704	27042704	NUM
ajeer-229	362	18	1	1	NUM
ajeer-229	362	19	2704	2704	NUM
ajeer-229	362	20	1	1	NUM
ajeer-229	362	21	27042704270427042704	27042704270427042704	NUM
ajeer-229	362	22			NOUN
ajeer-229	362	23			ADV
ajeer-229	362	24			NUM
ajeer-229	362	25			PROPN
ajeer-229	362	26			NUM
ajeer-229	362	27	(	(	PUNCT
ajeer-229	362	28	22	22	NUM
ajeer-229	362	29	)	)	PUNCT
ajeer-229	362	30	the	the	DET
ajeer-229	362	31	dependent	dependent	ADJ
ajeer-229	362	32	variable	variable	NOUN
ajeer-229	362	33	,	,	PUNCT
ajeer-229	362	34	y2704	y2704	PROPN
ajeer-229	362	35	represents	represent	VERB
ajeer-229	362	36	the	the	DET
ajeer-229	362	37	performance	performance	NOUN
ajeer-229	362	38	of	of	ADP
ajeer-229	362	39	the	the	DET
ajeer-229	362	40	ambassador	ambassador	NOUN
ajeer-229	362	41	hotel	hotel	NOUN
ajeer-229	362	42	,	,	PUNCT
ajeer-229	362	43	which	which	PRON
ajeer-229	362	44	is	be	AUX
ajeer-229	362	45	either	either	CCONJ
ajeer-229	362	46	roa2704	roa2704	ADJ
ajeer-229	362	47	or	or	CCONJ
ajeer-229	362	48	roe2704	roe2704	VERB
ajeer-229	362	49	.	.	PUNCT
ajeer-229	363	1	model	model	NOUN
ajeer-229	363	2	i	i	PRON
ajeer-229	363	3	regresses	regress	VERB
ajeer-229	363	4	y2704	y2704	NOUN
ajeer-229	363	5	on	on	ADP
ajeer-229	363	6	all	all	DET
ajeer-229	363	7	exchange	exchange	NOUN
ajeer-229	363	8	fluctuations	fluctuation	NOUN
ajeer-229	363	9	,	,	PUNCT
ajeer-229	363	10	lagged	lag	VERB
ajeer-229	363	11	variables	variable	NOUN
ajeer-229	363	12	and	and	CCONJ
ajeer-229	363	13	the	the	DET
ajeer-229	363	14	control	control	NOUN
ajeer-229	363	15	variables	variable	NOUN
ajeer-229	363	16	.	.	PUNCT
ajeer-229	364	1	and	and	CCONJ
ajeer-229	364	2	model	model	PROPN
ajeer-229	364	3	ii	ii	PROPN
ajeer-229	364	4	regresses	regress	VERB
ajeer-229	364	5	y2704	y2704	NOUN
ajeer-229	364	6	on	on	ADP
ajeer-229	364	7	all	all	DET
ajeer-229	364	8	variables	variable	NOUN
ajeer-229	364	9	but	but	CCONJ
ajeer-229	364	10	selected	select	VERB
ajeer-229	364	11	by	by	ADP
ajeer-229	364	12	eliminating	eliminate	VERB
ajeer-229	364	13	higher	high	ADJ
ajeer-229	364	14	p	p	ADJ
ajeer-229	364	15	-	-	PUNCT
ajeer-229	364	16	value	value	NOUN
ajeer-229	364	17	explanatory	explanatory	ADJ
ajeer-229	364	18	variables	variable	NOUN
ajeer-229	364	19	.	.	PUNCT
ajeer-229	365	1	the	the	DET
ajeer-229	365	2	values	value	NOUN
ajeer-229	365	3	in	in	ADP
ajeer-229	365	4	the	the	DET
ajeer-229	365	5	parentheses	parenthesis	NOUN
ajeer-229	365	6	are	be	AUX
ajeer-229	365	7	standard	standard	ADJ
ajeer-229	365	8	error	error	NOUN
ajeer-229	365	9	of	of	ADP
ajeer-229	365	10	the	the	DET
ajeer-229	365	11	estimates	estimate	NOUN
ajeer-229	365	12	.	.	PUNCT
ajeer-229	366	1	and	and	CCONJ
ajeer-229	366	2	*	*	PUNCT
ajeer-229	366	3	,	,	PUNCT
ajeer-229	366	4	*	*	PUNCT
ajeer-229	366	5	*	*	PUNCT
ajeer-229	366	6	and	and	CCONJ
ajeer-229	366	7	*	*	PUNCT
ajeer-229	366	8	*	*	PUNCT
ajeer-229	366	9	*	*	PUNCT
ajeer-229	366	10	stand	stand	VERB
ajeer-229	366	11	for	for	ADP
ajeer-229	366	12	10	10	NUM
ajeer-229	366	13	%	%	NOUN
ajeer-229	366	14	,	,	PUNCT
ajeer-229	366	15	5	5	NUM
ajeer-229	366	16	%	%	NOUN
ajeer-229	366	17	and	and	CCONJ
ajeer-229	366	18	1	1	NUM
ajeer-229	366	19	%	%	NOUN
ajeer-229	366	20	level	level	NOUN
ajeer-229	366	21	of	of	ADP
ajeer-229	366	22	significance	significance	NOUN
ajeer-229	366	23	,	,	PUNCT
ajeer-229	366	24	respectively	respectively	ADV
ajeer-229	366	25	.	.	PUNCT
ajeer-229	367	1	performance	performance	NOUN
ajeer-229	367	2	roa2704	roa2704	NOUN
ajeer-229	367	3	roe2704	roe2704	NOUN
ajeer-229	367	4	variables	variable	NOUN
ajeer-229	367	5	model	model	NOUN
ajeer-229	367	6	i	i	PRON
ajeer-229	367	7	model	model	PROPN
ajeer-229	367	8	ii	ii	PROPN
ajeer-229	367	9	model	model	NOUN
ajeer-229	367	10	i	i	PRON
ajeer-229	367	11	model	model	VERB
ajeer-229	367	12	ii	ii	PROPN
ajeer-229	367	13	const	const	PROPN
ajeer-229	367	14	.	.	PUNCT
ajeer-229	368	1	-25.80	-25.80	PUNCT
ajeer-229	368	2	(	(	PUNCT
ajeer-229	368	3	34.26	34.26	NUM
ajeer-229	368	4	)	)	PUNCT
ajeer-229	368	5	0.28	0.28	NUM
ajeer-229	368	6	*	*	NOUN
ajeer-229	368	7	*	*	PUNCT
ajeer-229	368	8	(	(	PUNCT
ajeer-229	368	9	0.11	0.11	NUM
ajeer-229	368	10	)	)	PUNCT
ajeer-229	368	11	-34.80	-34.80	PROPN
ajeer-229	368	12	(	(	PUNCT
ajeer-229	368	13	58.29	58.29	NUM
ajeer-229	368	14	)	)	PUNCT
ajeer-229	368	15	0.25	0.25	NUM
ajeer-229	368	16	*	*	SYM
ajeer-229	368	17	(	(	PUNCT
ajeer-229	368	18	0.14	0.14	NUM
ajeer-229	368	19	)	)	PUNCT
ajeer-229	368	20	rmrf	rmrf	NOUN
ajeer-229	368	21	0.02	0.02	NUM
ajeer-229	368	22	(	(	PUNCT
ajeer-229	368	23	0.01	0.01	NUM
ajeer-229	368	24	)	)	PUNCT
ajeer-229	368	25	0.15	0.15	NUM
ajeer-229	368	26	*	*	PUNCT
ajeer-229	368	27	*	*	PUNCT
ajeer-229	368	28	(	(	PUNCT
ajeer-229	368	29	0.01	0.01	NUM
ajeer-229	368	30	)	)	PUNCT
ajeer-229	368	31	0.03	0.03	NUM
ajeer-229	368	32	(	(	PUNCT
ajeer-229	368	33	0.02	0.02	NUM
ajeer-229	368	34	)	)	PUNCT
ajeer-229	368	35	0.03	0.03	NUM
ajeer-229	368	36	*	*	PUNCT
ajeer-229	368	37	*	*	PUNCT
ajeer-229	368	38	*	*	PUNCT
ajeer-229	368	39	(	(	PUNCT
ajeer-229	368	40	0.01	0.01	NUM
ajeer-229	368	41	)	)	PUNCT
ajeer-229	368	42	usd	usd	NOUN
ajeer-229	368	43	-0.21	-0.21	NOUN
ajeer-229	368	44	*	*	NOUN
ajeer-229	368	45	*	*	PUNCT
ajeer-229	368	46	(	(	PUNCT
ajeer-229	368	47	0.09	0.09	NUM
ajeer-229	368	48	)	)	PUNCT
ajeer-229	368	49	-0.32	-0.32	VERB
ajeer-229	368	50	*	*	PROPN
ajeer-229	368	51	*	*	PUNCT
ajeer-229	368	52	(	(	PUNCT
ajeer-229	368	53	0.15	0.15	NUM
ajeer-229	368	54	)	)	PUNCT
ajeer-229	368	55	jpy	jpy	NOUN
ajeer-229	368	56	0.01	0.01	NUM
ajeer-229	368	57	(	(	PUNCT
ajeer-229	368	58	0.02	0.02	NUM
ajeer-229	368	59	)	)	PUNCT
ajeer-229	368	60	0.02	0.02	NUM
ajeer-229	368	61	(	(	PUNCT
ajeer-229	368	62	0.03	0.03	NUM
ajeer-229	368	63	)	)	PUNCT
ajeer-229	368	64	cny	cny	NOUN
ajeer-229	368	65	0.22	0.22	NOUN
ajeer-229	368	66	*	*	NOUN
ajeer-229	368	67	*	*	PUNCT
ajeer-229	368	68	(	(	PUNCT
ajeer-229	368	69	0.09	0.09	NUM
ajeer-229	368	70	)	)	PUNCT
ajeer-229	368	71	0.34	0.34	NUM
ajeer-229	368	72	*	*	PUNCT
ajeer-229	368	73	*	*	PUNCT
ajeer-229	368	74	(	(	PUNCT
ajeer-229	368	75	0.16	0.16	NUM
ajeer-229	368	76	)	)	PUNCT
ajeer-229	368	77	eur	eur	NOUN
ajeer-229	368	78	-0.05	-0.05	X
ajeer-229	368	79	(	(	PUNCT
ajeer-229	368	80	0.03	0.03	NUM
ajeer-229	368	81	)	)	PUNCT
ajeer-229	368	82	-0.05	-0.05	NOUN
ajeer-229	369	1	*	*	PUNCT
ajeer-229	369	2	*	*	PUNCT
ajeer-229	369	3	(	(	PUNCT
ajeer-229	369	4	0.02	0.02	NUM
ajeer-229	369	5	)	)	PUNCT
ajeer-229	369	6	-0.08	-0.08	NUM
ajeer-229	369	7	(	(	PUNCT
ajeer-229	369	8	0.06	0.06	NUM
ajeer-229	369	9	)	)	PUNCT
ajeer-229	369	10	-0.08	-0.08	NOUN
ajeer-229	369	11	*	*	NOUN
ajeer-229	369	12	*	*	PUNCT
ajeer-229	369	13	(	(	PUNCT
ajeer-229	369	14	0.03	0.03	NUM
ajeer-229	369	15	)	)	PUNCT
ajeer-229	369	16	krw	krw	NOUN
ajeer-229	369	17	0.01	0.01	NUM
ajeer-229	369	18	(	(	PUNCT
ajeer-229	369	19	0.03	0.03	NUM
ajeer-229	369	20	)	)	PUNCT
ajeer-229	369	21	0.03	0.03	NUM
ajeer-229	369	22	(	(	PUNCT
ajeer-229	369	23	0.05	0.05	NUM
ajeer-229	369	24	)	)	PUNCT
ajeer-229	369	25	gbp	gbp	NOUN
ajeer-229	369	26	0.04	0.04	NUM
ajeer-229	369	27	(	(	PUNCT
ajeer-229	369	28	0.03	0.03	NUM
ajeer-229	369	29	)	)	PUNCT
ajeer-229	369	30	0.06	0.06	NUM
ajeer-229	369	31	(	(	PUNCT
ajeer-229	369	32	0.06	0.06	NUM
ajeer-229	369	33	)	)	PUNCT
ajeer-229	369	34	sgd	sgd	X
ajeer-229	369	35	0.10	0.10	NUM
ajeer-229	369	36	(	(	PUNCT
ajeer-229	369	37	0.10	0.10	NUM
ajeer-229	369	38	)	)	PUNCT
ajeer-229	369	39	0.14	0.14	NUM
ajeer-229	369	40	*	*	PUNCT
ajeer-229	369	41	*	*	PUNCT
ajeer-229	369	42	(	(	PUNCT
ajeer-229	369	43	0.06	0.06	NUM
ajeer-229	369	44	)	)	PUNCT
ajeer-229	369	45	0.17	0.17	NUM
ajeer-229	369	46	(	(	PUNCT
ajeer-229	369	47	0.17	0.17	NUM
ajeer-229	369	48	)	)	PUNCT
ajeer-229	369	49	0.26	0.26	NUM
ajeer-229	369	50	*	*	PUNCT
ajeer-229	369	51	*	*	PUNCT
ajeer-229	369	52	(	(	PUNCT
ajeer-229	369	53	0.10	0.10	NUM
ajeer-229	369	54	)	)	PUNCT
ajeer-229	369	55	aud	aud	NOUN
ajeer-229	369	56	-0.02	-0.02	NUM
ajeer-229	369	57	(	(	PUNCT
ajeer-229	369	58	0.03	0.03	NUM
ajeer-229	369	59	)	)	PUNCT
ajeer-229	369	60	-0.05	-0.05	NOUN
ajeer-229	369	61	(	(	PUNCT
ajeer-229	369	62	0.05	0.05	NUM
ajeer-229	369	63	)	)	PUNCT
ajeer-229	369	64	idr	idr	NOUN
ajeer-229	369	65	0.01	0.01	NUM
ajeer-229	369	66	(	(	PUNCT
ajeer-229	369	67	0.02	0.02	NUM
ajeer-229	369	68	)	)	PUNCT
ajeer-229	369	69	0.02	0.02	NUM
ajeer-229	369	70	(	(	PUNCT
ajeer-229	369	71	0.04	0.04	NUM
ajeer-229	369	72	)	)	PUNCT
ajeer-229	369	73	thb	thb	NOUN
ajeer-229	369	74	0.02	0.02	NUM
ajeer-229	369	75	(	(	PUNCT
ajeer-229	369	76	0.04	0.04	NUM
ajeer-229	369	77	)	)	PUNCT
ajeer-229	369	78	0.04	0.04	NUM
ajeer-229	369	79	(	(	PUNCT
ajeer-229	369	80	0.07	0.07	NUM
ajeer-229	369	81	)	)	PUNCT
ajeer-229	369	82	myr	myr	PROPN
ajeer-229	369	83	-0.11	-0.11	PROPN
ajeer-229	369	84	*	*	PROPN
ajeer-229	369	85	*	*	PUNCT
ajeer-229	369	86	(	(	PUNCT
ajeer-229	369	87	0.05	0.05	NUM
ajeer-229	369	88	)	)	PUNCT
ajeer-229	369	89	-0.10	-0.10	NOUN
ajeer-229	369	90	*	*	PUNCT
ajeer-229	369	91	*	*	PUNCT
ajeer-229	369	92	*	*	PUNCT
ajeer-229	369	93	(	(	PUNCT
ajeer-229	369	94	0.04	0.04	NUM
ajeer-229	369	95	)	)	PUNCT
ajeer-229	369	96	-0.18	-0.18	NOUN
ajeer-229	369	97	*	*	NOUN
ajeer-229	369	98	*	*	PUNCT
ajeer-229	369	99	(	(	PUNCT
ajeer-229	369	100	0.08	0.08	NUM
ajeer-229	369	101	)	)	PUNCT
ajeer-229	369	102	-0.17	-0.17	NOUN
ajeer-229	369	103	*	*	PUNCT
ajeer-229	369	104	*	*	PUNCT
ajeer-229	369	105	*	*	PUNCT
ajeer-229	369	106	(	(	PUNCT
ajeer-229	369	107	0.06	0.06	NUM
ajeer-229	369	108	)	)	PUNCT
ajeer-229	369	109	php	php	NOUN
ajeer-229	369	110	0.02	0.02	NUM
ajeer-229	369	111	(	(	PUNCT
ajeer-229	369	112	0.04	0.04	NUM
ajeer-229	369	113	)	)	PUNCT
ajeer-229	369	114	0.01	0.01	NUM
ajeer-229	369	115	(	(	PUNCT
ajeer-229	369	116	0.07	0.07	NUM
ajeer-229	369	117	)	)	PUNCT
ajeer-229	369	118	lag1	lag1	NOUN
ajeer-229	369	119	0.20	0.20	NUM
ajeer-229	369	120	(	(	PUNCT
ajeer-229	369	121	0.14	0.14	NUM
ajeer-229	369	122	)	)	PUNCT
ajeer-229	369	123	0.26	0.26	NUM
ajeer-229	369	124	*	*	PUNCT
ajeer-229	369	125	*	*	PUNCT
ajeer-229	369	126	(	(	PUNCT
ajeer-229	369	127	0.12	0.12	NUM
ajeer-229	369	128	)	)	PUNCT
ajeer-229	369	129	0.30	0.30	NUM
ajeer-229	369	130	*	*	PUNCT
ajeer-229	369	131	*	*	PUNCT
ajeer-229	369	132	(	(	PUNCT
ajeer-229	369	133	0.14	0.14	NUM
ajeer-229	369	134	)	)	PUNCT
ajeer-229	369	135	0.32	0.32	NUM
ajeer-229	369	136	*	*	PUNCT
ajeer-229	369	137	*	*	PUNCT
ajeer-229	369	138	*	*	PUNCT
ajeer-229	369	139	(	(	PUNCT
ajeer-229	369	140	0.11	0.11	NUM
ajeer-229	369	141	)	)	PUNCT
ajeer-229	369	142	lag2	lag2	PROPN
ajeer-229	369	143	-0.06	-0.06	PROPN
ajeer-229	369	144	(	(	PUNCT
ajeer-229	369	145	0.16	0.16	NUM
ajeer-229	369	146	)	)	PUNCT
ajeer-229	369	147	-0.06	-0.06	PROPN
ajeer-229	369	148	(	(	PUNCT
ajeer-229	369	149	0.15	0.15	NUM
ajeer-229	369	150	)	)	PUNCT
ajeer-229	369	151	lag	lag	VERB
ajeer-229	369	152	3	3	NUM
ajeer-229	369	153	-0.12	-0.12	NUM
ajeer-229	369	154	(	(	PUNCT
ajeer-229	369	155	0.14	0.14	NUM
ajeer-229	369	156	)	)	PUNCT
ajeer-229	369	157	-0.10	-0.10	NUM
ajeer-229	369	158	(	(	PUNCT
ajeer-229	369	159	0.14	0.14	NUM
ajeer-229	369	160	)	)	PUNCT
ajeer-229	369	161	lag4	lag4	NOUN
ajeer-229	370	1	0.25	0.25	NUM
ajeer-229	370	2	*	*	PUNCT
ajeer-229	370	3	(	(	PUNCT
ajeer-229	370	4	0.14	0.14	NUM
ajeer-229	370	5	)	)	PUNCT
ajeer-229	370	6	0.28	0.28	NUM
ajeer-229	370	7	*	*	NOUN
ajeer-229	370	8	*	*	PUNCT
ajeer-229	370	9	(	(	PUNCT
ajeer-229	370	10	0.11	0.11	NUM
ajeer-229	370	11	)	)	PUNCT
ajeer-229	370	12	0.24	0.24	NUM
ajeer-229	370	13	*	*	PUNCT
ajeer-229	370	14	(	(	PUNCT
ajeer-229	370	15	0.14	0.14	NUM
ajeer-229	370	16	)	)	PUNCT
ajeer-229	370	17	0.24	0.24	NUM
ajeer-229	370	18	*	*	PUNCT
ajeer-229	370	19	*	*	PUNCT
ajeer-229	370	20	(	(	PUNCT
ajeer-229	370	21	0.11	0.11	NUM
ajeer-229	370	22	)	)	PUNCT
ajeer-229	370	23	size	size	NOUN
ajeer-229	370	24	1.13	1.13	NUM
ajeer-229	370	25	(	(	PUNCT
ajeer-229	370	26	1.48	1.48	NUM
ajeer-229	370	27	)	)	PUNCT
ajeer-229	370	28	1.52	1.52	NUM
ajeer-229	370	29	(	(	PUNCT
ajeer-229	370	30	2.52	2.52	NUM
ajeer-229	370	31	)	)	PUNCT
ajeer-229	370	32	adj	adj	PROPN
ajeer-229	370	33	.	.	PUNCT
ajeer-229	370	34	r2	r2	PROPN
ajeer-229	370	35	0.27	0.27	NUM
ajeer-229	370	36	0.40	0.40	NUM
ajeer-229	370	37	0.30	0.30	NUM
ajeer-229	370	38	0.36	0.36	NUM
ajeer-229	370	39	obs	ob	NOUN
ajeer-229	370	40	.	.	PUNCT
ajeer-229	371	1	59	59	NUM
ajeer-229	371	2	59	59	NUM
ajeer-229	371	3	59	59	NUM
ajeer-229	371	4	59	59	NUM
ajeer-229	371	5	source	source	NOUN
ajeer-229	371	6	:	:	PUNCT
ajeer-229	371	7	taiwan	taiwan	PROPN
ajeer-229	371	8	economic	economic	PROPN
ajeer-229	371	9	journal	journal	PROPN
ajeer-229	371	10	(	(	PUNCT
ajeer-229	371	11	tej	tej	PROPN
ajeer-229	371	12	)	)	PUNCT
ajeer-229	371	13	.	.	PUNCT
ajeer-229	372	1	table-7	table-7	NUM
ajeer-229	372	2	.	.	PUNCT
ajeer-229	373	1	distribution	distribution	NOUN
ajeer-229	373	2	of	of	ADP
ajeer-229	373	3	guests‟	guests‟	ADJ
ajeer-229	373	4	sources	source	NOUN
ajeer-229	373	5	in	in	ADP
ajeer-229	373	6	2012	2012	NUM
ajeer-229	373	7	.	.	PUNCT
ajeer-229	374	1	hotel	hotel	NOUN
ajeer-229	374	2	region	region	NOUN
ajeer-229	374	3	royal	royal	PROPN
ajeer-229	374	4	hotel	hotel	NOUN
ajeer-229	374	5	pleasant	pleasant	ADJ
ajeer-229	374	6	hotels	hotel	NOUN
ajeer-229	374	7	(	(	PUNCT
ajeer-229	374	8	taoyuan	taoyuan	NOUN
ajeer-229	374	9	)	)	PUNCT
ajeer-229	374	10	ambassador	ambassador	PROPN
ajeer-229	374	11	hotel	hotel	PROPN
ajeer-229	374	12	landis	landis	PROPN
ajeer-229	374	13	taipei	taipei	PROPN
ajeer-229	374	14	hotel	hotel	PROPN
ajeer-229	374	15	formosa	formosa	PROPN
ajeer-229	374	16	international	international	PROPN
ajeer-229	374	17	hotels	hotel	NOUN
ajeer-229	374	18	leofoo	leofoo	PROPN
ajeer-229	374	19	westin	westin	PROPN
ajeer-229	374	20	hotel	hotel	PROPN
ajeer-229	374	21	holiday	holiday	PROPN
ajeer-229	374	22	garden	garden	PROPN
ajeer-229	374	23	hotel	hotel	NOUN
ajeer-229	374	24	farglory	farglory	NOUN
ajeer-229	374	25	hotel	hotel	NOUN
ajeer-229	374	26	domestic	domestic	ADJ
ajeer-229	374	27	55.16	55.16	NUM
ajeer-229	374	28	17.99	17.99	NUM
ajeer-229	374	29	33.96	33.96	NUM
ajeer-229	374	30	24.15	24.15	NUM
ajeer-229	374	31	21.33	21.33	NUM
ajeer-229	374	32	9.73	9.73	NUM
ajeer-229	374	33	61.24	61.24	NUM
ajeer-229	374	34	94.92	94.92	NUM
ajeer-229	374	35	oversea	oversea	ADJ
ajeer-229	374	36	chinese	chinese	ADJ
ajeer-229	374	37	0.00	0.00	NUM
ajeer-229	374	38	7.65	7.65	NUM
ajeer-229	374	39	1.91	1.91	NUM
ajeer-229	374	40	6.37	6.37	NUM
ajeer-229	374	41	0.00	0.00	NUM
ajeer-229	374	42	0.00	0.00	NUM
ajeer-229	374	43	0.99	0.99	NUM
ajeer-229	374	44	0.00	0.00	NUM
ajeer-229	374	45	mainland	mainland	NOUN
ajeer-229	374	46	6.35	6.35	NUM
ajeer-229	374	47	56.35	56.35	NUM
ajeer-229	374	48	13.29	13.29	NUM
ajeer-229	374	49	11.08	11.08	NUM
ajeer-229	374	50	11.52	11.52	NUM
ajeer-229	374	51	19.43	19.43	NUM
ajeer-229	374	52	22.45	22.45	NUM
ajeer-229	374	53	3.86	3.86	NUM
ajeer-229	374	54	north	north	NOUN
ajeer-229	374	55	american	american	PROPN
ajeer-229	374	56	4.73	4.73	NUM
ajeer-229	374	57	0.29	0.29	NUM
ajeer-229	374	58	6.94	6.94	NUM
ajeer-229	374	59	10.31	10.31	NUM
ajeer-229	374	60	8.42	8.42	NUM
ajeer-229	374	61	20.81	20.81	NUM
ajeer-229	374	62	0.76	0.76	NUM
ajeer-229	374	63	0.20	0.20	NUM
ajeer-229	374	64	japan	japan	PROPN
ajeer-229	374	65	21.93	21.93	NUM
ajeer-229	374	66	2.09	2.09	NUM
ajeer-229	374	67	29.85	29.85	NUM
ajeer-229	374	68	29.89	29.89	NUM
ajeer-229	374	69	36.67	36.67	NUM
ajeer-229	374	70	17.27	17.27	NUM
ajeer-229	374	71	7.00	7.00	NUM
ajeer-229	374	72	0.10	0.10	NUM
ajeer-229	374	73	asian	asian	ADJ
ajeer-229	374	74	(	(	PUNCT
ajeer-229	374	75	exclusive	exclusive	ADJ
ajeer-229	374	76	japanese	japanese	PROPN
ajeer-229	374	77	)	)	PUNCT
ajeer-229	374	78	5.00	5.00	NUM
ajeer-229	374	79	9.21	9.21	NUM
ajeer-229	374	80	8.23	8.23	NUM
ajeer-229	374	81	8.39	8.39	NUM
ajeer-229	374	82	15.25	15.25	NUM
ajeer-229	374	83	25.92	25.92	NUM
ajeer-229	374	84	6.54	6.54	NUM
ajeer-229	374	85	0.48	0.48	NUM
ajeer-229	374	86	european	european	NOUN
ajeer-229	374	87	2.51	2.51	NUM
ajeer-229	374	88	0.26	0.26	NUM
ajeer-229	374	89	3.77	3.77	NUM
ajeer-229	374	90	7.53	7.53	NUM
ajeer-229	374	91	4.69	4.69	NUM
ajeer-229	374	92	4.33	4.33	NUM
ajeer-229	374	93	0.51	0.51	NUM
ajeer-229	374	94	0.13	0.13	NUM
ajeer-229	374	95	australia	australia	PROPN
ajeer-229	374	96	0.28	0.28	NUM
ajeer-229	374	97	0.03	0.03	NUM
ajeer-229	374	98	0.41	0.41	NUM
ajeer-229	374	99	1.83	1.83	NUM
ajeer-229	374	100	0.90	0.90	NUM
ajeer-229	374	101	1.35	1.35	NUM
ajeer-229	374	102	0.53	0.53	NUM
ajeer-229	374	103	0.02	0.02	NUM
ajeer-229	374	104	others	other	NOUN
ajeer-229	374	105	4.05	4.05	NUM
ajeer-229	374	106	6.13	6.13	NUM
ajeer-229	374	107	1.64	1.64	NUM
ajeer-229	374	108	0.44	0.44	NUM
ajeer-229	374	109	1.23	1.23	NUM
ajeer-229	374	110	1.17	1.17	NUM
ajeer-229	374	111	0.00	0.00	NUM
ajeer-229	374	112	0.30	0.30	NUM
ajeer-229	374	113	total	total	NOUN
ajeer-229	374	114	(	(	PUNCT
ajeer-229	374	115	%	%	NOUN
ajeer-229	374	116	)	)	PUNCT
ajeer-229	374	117	100	100	NUM
ajeer-229	374	118	100	100	NUM
ajeer-229	374	119	100	100	NUM
ajeer-229	374	120	100	100	NUM
ajeer-229	374	121	100	100	NUM
ajeer-229	374	122	100	100	NUM
ajeer-229	374	123	100	100	NUM
ajeer-229	374	124	100	100	NUM
ajeer-229	374	125	source	source	NOUN
ajeer-229	374	126	:	:	PUNCT
ajeer-229	374	127	tourism	tourism	NOUN
ajeer-229	374	128	bureau	bureau	NOUN
ajeer-229	374	129	,	,	PUNCT
ajeer-229	374	130	m.o.t.c	m.o.t.c	PROPN
ajeer-229	374	131	.	.	PROPN
ajeer-229	374	132	,	,	PUNCT
ajeer-229	374	133	republic	republic	PROPN
ajeer-229	374	134	of	of	ADP
ajeer-229	374	135	china	china	PROPN
ajeer-229	374	136	(	(	PUNCT
ajeer-229	374	137	taiwan	taiwan	PROPN
ajeer-229	374	138	)	)	PUNCT
ajeer-229	374	139	.	.	PUNCT
ajeer-229	375	1	here	here	ADV
ajeer-229	375	2	,	,	PUNCT
ajeer-229	375	3	refer	refer	VERB
ajeer-229	375	4	to	to	ADP
ajeer-229	375	5	kim	kim	PROPN
ajeer-229	375	6	(	(	PUNCT
ajeer-229	375	7	2013	2013	NUM
ajeer-229	375	8	)	)	PUNCT
ajeer-229	375	9	discussion	discussion	NOUN
ajeer-229	375	10	of	of	ADP
ajeer-229	375	11	foreign	foreign	ADJ
ajeer-229	375	12	exchange	exchange	NOUN
ajeer-229	375	13	position	position	NOUN
ajeer-229	375	14	to	to	PART
ajeer-229	375	15	make	make	VERB
ajeer-229	375	16	recommendations	recommendation	NOUN
ajeer-229	375	17	in	in	ADP
ajeer-229	375	18	the	the	DET
ajeer-229	375	19	following	follow	VERB
ajeer-229	375	20	table	table	NOUN
ajeer-229	375	21	.	.	PUNCT
ajeer-229	376	1	according	accord	VERB
ajeer-229	376	2	to	to	ADP
ajeer-229	376	3	the	the	DET
ajeer-229	376	4	analysis	analysis	NOUN
ajeer-229	376	5	results	result	NOUN
ajeer-229	376	6	in	in	ADP
ajeer-229	376	7	table	table	NOUN
ajeer-229	376	8	4	4	NUM
ajeer-229	376	9	,	,	PUNCT
ajeer-229	376	10	5	5	NUM
ajeer-229	376	11	,	,	PUNCT
ajeer-229	376	12	and	and	CCONJ
ajeer-229	376	13	6	6	NUM
ajeer-229	376	14	,	,	PUNCT
ajeer-229	376	15	we	we	PRON
ajeer-229	376	16	can	can	AUX
ajeer-229	376	17	form	form	VERB
ajeer-229	376	18	a	a	DET
ajeer-229	376	19	portfolio	portfolio	NOUN
ajeer-229	376	20	of	of	ADP
ajeer-229	376	21	currencies	currency	NOUN
ajeer-229	376	22	that	that	PRON
ajeer-229	376	23	have	have	VERB
ajeer-229	376	24	asian	asian	ADJ
ajeer-229	376	25	journal	journal	NOUN
ajeer-229	376	26	of	of	ADP
ajeer-229	376	27	economics	economic	NOUN
ajeer-229	376	28	and	and	CCONJ
ajeer-229	376	29	empirical	empirical	ADJ
ajeer-229	376	30	research	research	NOUN
ajeer-229	376	31	,	,	PUNCT
ajeer-229	376	32	2017	2017	NUM
ajeer-229	376	33	,	,	PUNCT
ajeer-229	376	34	4(1	4(1	NOUN
ajeer-229	376	35	):	):	PUNCT
ajeer-229	376	36	32	32	NUM
ajeer-229	376	37	-	-	SYM
ajeer-229	376	38	48	48	NUM
ajeer-229	376	39	47	47	NUM
ajeer-229	376	40	significant	significant	ADJ
ajeer-229	376	41	impacts	impact	NOUN
ajeer-229	376	42	on	on	ADP
ajeer-229	376	43	the	the	DET
ajeer-229	376	44	company‟s	company‟s	ADJ
ajeer-229	376	45	roa/	roa/	ADJ
ajeer-229	376	46	roe	roe	NOUN
ajeer-229	376	47	.	.	PUNCT
ajeer-229	377	1	using	use	VERB
ajeer-229	377	2	the	the	DET
ajeer-229	377	3	modern	modern	ADJ
ajeer-229	377	4	portfolio	portfolio	NOUN
ajeer-229	377	5	theory	theory	NOUN
ajeer-229	377	6	proposed	propose	VERB
ajeer-229	377	7	by	by	ADP
ajeer-229	377	8	markowitz	markowitz	PROPN
ajeer-229	377	9	(	(	PUNCT
ajeer-229	377	10	1952	1952	NUM
ajeer-229	377	11	)	)	PUNCT
ajeer-229	377	12	based	base	VERB
ajeer-229	377	13	on	on	ADP
ajeer-229	377	14	the	the	DET
ajeer-229	377	15	weighted	weighted	ADJ
ajeer-229	377	16	each	each	DET
ajeer-229	377	17	company	company	NOUN
ajeer-229	377	18	the	the	DET
ajeer-229	377	19	average	average	ADJ
ajeer-229	377	20	cost	cost	NOUN
ajeer-229	377	21	of	of	ADP
ajeer-229	377	22	capital	capital	NOUN
ajeer-229	377	23	(	(	PUNCT
ajeer-229	377	24	abbreviated	abbreviate	VERB
ajeer-229	377	25	as	as	ADP
ajeer-229	377	26	wacc	wacc	PROPN
ajeer-229	377	27	)	)	PUNCT
ajeer-229	377	28	,	,	PUNCT
ajeer-229	377	29	and	and	CCONJ
ajeer-229	377	30	calculated	calculate	VERB
ajeer-229	377	31	by	by	ADP
ajeer-229	377	32	matlab	matlab	PROPN
ajeer-229	377	33	programs	program	NOUN
ajeer-229	377	34	for	for	ADP
ajeer-229	377	35	foreign	foreign	ADJ
ajeer-229	377	36	exchange	exchange	NOUN
ajeer-229	377	37	positions	position	NOUN
ajeer-229	377	38	,	,	PUNCT
ajeer-229	377	39	we	we	PRON
ajeer-229	377	40	may	may	AUX
ajeer-229	377	41	find	find	VERB
ajeer-229	377	42	an	an	DET
ajeer-229	377	43	optimum	optimum	ADJ
ajeer-229	377	44	allocation	allocation	NOUN
ajeer-229	377	45	of	of	ADP
ajeer-229	377	46	currencies	currency	NOUN
ajeer-229	377	47	which	which	PRON
ajeer-229	377	48	has	have	VERB
ajeer-229	377	49	the	the	DET
ajeer-229	377	50	lowest	low	ADJ
ajeer-229	377	51	degree	degree	NOUN
ajeer-229	377	52	of	of	ADP
ajeer-229	377	53	risk	risk	NOUN
ajeer-229	377	54	under	under	ADP
ajeer-229	377	55	a	a	DET
ajeer-229	377	56	pre	pre	ADJ
ajeer-229	377	57	-	-	ADJ
ajeer-229	377	58	specified	specified	ADJ
ajeer-229	377	59	rate	rate	NOUN
ajeer-229	377	60	of	of	ADP
ajeer-229	377	61	return	return	NOUN
ajeer-229	377	62	constraint	constraint	NOUN
ajeer-229	377	63	.	.	PUNCT
ajeer-229	378	1	table-8	table-8	NOUN
ajeer-229	378	2	.	.	PUNCT
ajeer-229	379	1	optimal	optimal	ADJ
ajeer-229	379	2	portfolio	portfolio	NOUN
ajeer-229	379	3	of	of	ADP
ajeer-229	379	4	foreign	foreign	ADJ
ajeer-229	379	5	currencies	currency	NOUN
ajeer-229	379	6	for	for	ADP
ajeer-229	379	7	each	each	DET
ajeer-229	379	8	company	company	NOUN
ajeer-229	379	9	.	.	PUNCT
ajeer-229	380	1	sec_id	sec_id	PROPN
ajeer-229	381	1	usd	usd	ADJ
ajeer-229	381	2	jpy	jpy	PROPN
ajeer-229	381	3	gbp	gbp	PROPN
ajeer-229	381	4	eur	eur	PROPN
ajeer-229	381	5	krw	krw	PROPN
ajeer-229	381	6	sgd	sgd	PROPN
ajeer-229	381	7	cny	cny	PROPN
ajeer-229	381	8	aud	aud	PROPN
ajeer-229	381	9	idr	idr	PROPN
ajeer-229	381	10	thb	thb	PROPN
ajeer-229	381	11	myr	myr	PROPN
ajeer-229	381	12	php	php	PROPN
ajeer-229	381	13	required	require	VERB
ajeer-229	381	14	return	return	NOUN
ajeer-229	381	15	(	(	PUNCT
ajeer-229	381	16	%	%	INTJ
ajeer-229	381	17	)	)	PUNCT
ajeer-229	381	18	portfolio	portfolio	NOUN
ajeer-229	381	19	risk	risk	NOUN
ajeer-229	381	20	2702	2702	NUM
ajeer-229	381	21	2.32	2.32	NUM
ajeer-229	381	22	20.47	20.47	NUM
ajeer-229	381	23	3.84	3.84	NUM
ajeer-229	381	24	52.35	52.35	NUM
ajeer-229	381	25	1.73	1.73	NUM
ajeer-229	381	26	19.28	19.28	NUM
ajeer-229	381	27	10.0	10.0	NUM
ajeer-229	381	28	0.4305	0.4305	NUM
ajeer-229	381	29	2704	2704	NUM
ajeer-229	381	30	13.79	13.79	NUM
ajeer-229	381	31	84.35	84.35	NUM
ajeer-229	381	32	1.85	1.85	NUM
ajeer-229	381	33	12.0	12.0	NUM
ajeer-229	381	34	1.8498	1.8498	NUM
ajeer-229	381	35	2705	2705	NUM
ajeer-229	381	36	1.30	1.30	NUM
ajeer-229	381	37	1.56	1.56	NUM
ajeer-229	381	38	3.84	3.84	NUM
ajeer-229	381	39	83.81	83.81	NUM
ajeer-229	381	40	9.49	9.49	NUM
ajeer-229	381	41	13.5	13.5	NUM
ajeer-229	381	42	0.5125	0.5125	NUM
ajeer-229	381	43	2706	2706	NUM
ajeer-229	381	44	0.00	0.00	NUM
ajeer-229	381	45	2.09	2.09	NUM
ajeer-229	381	46	62.18	62.18	NUM
ajeer-229	381	47	30.56	30.56	NUM
ajeer-229	381	48	0.00	0.00	NUM
ajeer-229	381	49	5.17	5.17	NUM
ajeer-229	381	50	0.00	0.00	NUM
ajeer-229	381	51	12.8	12.8	NUM
ajeer-229	381	52	2.5007	2.5007	NUM
ajeer-229	381	53	2707	2707	NUM
ajeer-229	381	54	0.00	0.00	NUM
ajeer-229	381	55	0.00	0.00	NUM
ajeer-229	381	56	19.47	19.47	NUM
ajeer-229	381	57	74.37	74.37	NUM
ajeer-229	381	58	6.16	6.16	NUM
ajeer-229	381	59	9.5	9.5	NUM
ajeer-229	381	60	0.3555	0.3555	NUM
ajeer-229	381	61	2718	2718	NUM
ajeer-229	381	62	6.35	6.35	NUM
ajeer-229	381	63	0.00	0.00	NUM
ajeer-229	381	64	0.00	0.00	NUM
ajeer-229	381	65	73.79	73.79	NUM
ajeer-229	381	66	7.14	7.14	NUM
ajeer-229	381	67	0.00	0.00	NUM
ajeer-229	381	68	5.53	5.53	NUM
ajeer-229	381	69	7.19	7.19	NUM
ajeer-229	381	70	12.6	12.6	NUM
ajeer-229	381	71	0.4580	0.4580	NUM
ajeer-229	381	72	2722	2722	NUM
ajeer-229	381	73	3.27	3.27	NUM
ajeer-229	381	74	0.00	0.00	NUM
ajeer-229	381	75	6.07	6.07	NUM
ajeer-229	381	76	0.00	0.00	NUM
ajeer-229	381	77	5.17	5.17	NUM
ajeer-229	381	78	85.48	85.48	NUM
ajeer-229	381	79	10.6	10.6	NUM
ajeer-229	381	80	0.5154	0.5154	NUM
ajeer-229	381	81	2724	2724	NUM
ajeer-229	381	82	2.26	2.26	NUM
ajeer-229	381	83	0.00	0.00	NUM
ajeer-229	381	84	0.31	0.31	NUM
ajeer-229	381	85	0.00	0.00	NUM
ajeer-229	381	86	4.47	4.47	NUM
ajeer-229	381	87	82.84	82.84	NUM
ajeer-229	381	88	5.47	5.47	NUM
ajeer-229	381	89	4.66	4.66	NUM
ajeer-229	381	90	9.8	9.8	NUM
ajeer-229	381	91	0.4807	0.4807	NUM
ajeer-229	381	92	5701	5701	NUM
ajeer-229	381	93	2.24	2.24	NUM
ajeer-229	381	94	0.76	0.76	NUM
ajeer-229	381	95	85.53	85.53	NUM
ajeer-229	381	96	11.47	11.47	NUM
ajeer-229	381	97	13.2	13.2	NUM
ajeer-229	381	98	0.5204	0.5204	NUM
ajeer-229	381	99	5703	5703	NUM
ajeer-229	381	100	0.11	0.11	NUM
ajeer-229	381	101	6.04	6.04	NUM
ajeer-229	381	102	79.93	79.93	NUM
ajeer-229	381	103	0.90	0.90	NUM
ajeer-229	381	104	13.03	13.03	NUM
ajeer-229	381	105	11.5	11.5	NUM
ajeer-229	381	106	0.4757	0.4757	NUM
ajeer-229	381	107	5704	5704	NUM
ajeer-229	381	108	34.33	34.33	NUM
ajeer-229	381	109	14.90	14.90	NUM
ajeer-229	381	110	0.00	0.00	NUM
ajeer-229	381	111	13.80	13.80	NUM
ajeer-229	381	112	36.97	36.97	NUM
ajeer-229	381	113	9.8	9.8	NUM
ajeer-229	381	114	2.0615	2.0615	NUM
ajeer-229	381	115	full	full	ADJ
ajeer-229	381	116	0.00	0.00	NUM
ajeer-229	381	117	0.00	0.00	NUM
ajeer-229	381	118	0.29	0.29	NUM
ajeer-229	381	119	44.14	44.14	NUM
ajeer-229	381	120	0.07	0.07	NUM
ajeer-229	381	121	0.00	0.00	NUM
ajeer-229	381	122	1.49	1.49	NUM
ajeer-229	381	123	9.41	9.41	NUM
ajeer-229	381	124	0.52	0.52	NUM
ajeer-229	381	125	0.00	0.00	NUM
ajeer-229	381	126	0.64	0.64	NUM
ajeer-229	381	127	43.44	43.44	NUM
ajeer-229	381	128	12.2	12.2	NUM
ajeer-229	381	129	0.0554	0.0554	NUM
ajeer-229	381	130	source	source	NOUN
ajeer-229	381	131	:	:	PUNCT
ajeer-229	381	132	taiwan	taiwan	PROPN
ajeer-229	381	133	economic	economic	PROPN
ajeer-229	381	134	journal	journal	PROPN
ajeer-229	381	135	(	(	PUNCT
ajeer-229	381	136	tej	tej	PROPN
ajeer-229	381	137	)	)	PUNCT
ajeer-229	381	138	.	.	PUNCT
ajeer-229	382	1	the	the	DET
ajeer-229	382	2	results	result	NOUN
ajeer-229	382	3	in	in	ADP
ajeer-229	382	4	table	table	NOUN
ajeer-229	382	5	8	8	NUM
ajeer-229	382	6	show	show	VERB
ajeer-229	382	7	the	the	DET
ajeer-229	382	8	optimal	optimal	ADJ
ajeer-229	382	9	allocation	allocation	NOUN
ajeer-229	382	10	of	of	ADP
ajeer-229	382	11	currencies	currency	NOUN
ajeer-229	382	12	for	for	ADP
ajeer-229	382	13	each	each	DET
ajeer-229	382	14	company	company	NOUN
ajeer-229	382	15	.	.	PUNCT
ajeer-229	383	1	here	here	ADV
ajeer-229	383	2	,	,	PUNCT
ajeer-229	383	3	we	we	PRON
ajeer-229	383	4	can	can	AUX
ajeer-229	383	5	find	find	VERB
ajeer-229	383	6	that	that	SCONJ
ajeer-229	383	7	japanese	japanese	ADJ
ajeer-229	383	8	yen	yen	NOUN
ajeer-229	383	9	,	,	PUNCT
ajeer-229	383	10	korean	korean	PROPN
ajeer-229	383	11	won	win	VERB
ajeer-229	383	12	,	,	PUNCT
ajeer-229	383	13	chinese	chinese	PROPN
ajeer-229	383	14	yuan	yuan	PROPN
ajeer-229	383	15	,	,	PUNCT
ajeer-229	383	16	australian	australian	ADJ
ajeer-229	383	17	dollar	dollar	NOUN
ajeer-229	383	18	and	and	CCONJ
ajeer-229	383	19	malaysian	malaysian	ADJ
ajeer-229	383	20	ringgit	ringgit	NOUN
ajeer-229	383	21	configuration	configuration	NOUN
ajeer-229	383	22	still	still	ADV
ajeer-229	383	23	the	the	DET
ajeer-229	383	24	majority	majority	NOUN
ajeer-229	383	25	.	.	PUNCT
ajeer-229	384	1	among	among	ADP
ajeer-229	384	2	them	they	PRON
ajeer-229	384	3	,	,	PUNCT
ajeer-229	384	4	leofoo	leofoo	PROPN
ajeer-229	384	5	development	development	PROPN
ajeer-229	384	6	co.	co.	PROPN
ajeer-229	384	7	,	,	PUNCT
ajeer-229	384	8	ltd	ltd	PROPN
ajeer-229	384	9	.	.	PROPN
ajeer-229	384	10	(	(	PUNCT
ajeer-229	384	11	2705	2705	NUM
ajeer-229	384	12	)	)	PUNCT
ajeer-229	384	13	,	,	PUNCT
ajeer-229	384	14	formosa	formosa	PROPN
ajeer-229	384	15	international	international	PROPN
ajeer-229	384	16	hotels	hotel	NOUN
ajeer-229	384	17	corporation	corporation	NOUN
ajeer-229	384	18	(	(	PUNCT
ajeer-229	384	19	2707	2707	NUM
ajeer-229	384	20	)	)	PUNCT
ajeer-229	384	21	,	,	PUNCT
ajeer-229	384	22	pleasant	pleasant	ADJ
ajeer-229	384	23	hotels	hotels	PROPN
ajeer-229	384	24	international	international	PROPN
ajeer-229	384	25	inc	inc	PROPN
ajeer-229	384	26	.	.	PROPN
ajeer-229	384	27	(	(	PUNCT
ajeer-229	384	28	2718	2718	NUM
ajeer-229	384	29	)	)	PUNCT
ajeer-229	384	30	,	,	PUNCT
ajeer-229	384	31	chateau	chateau	PROPN
ajeer-229	384	32	international	international	PROPN
ajeer-229	384	33	development	development	PROPN
ajeer-229	384	34	co.	co.	PROPN
ajeer-229	384	35	,	,	PUNCT
ajeer-229	384	36	ltd	ltd	PROPN
ajeer-229	384	37	.	.	PROPN
ajeer-229	384	38	(	(	PUNCT
ajeer-229	384	39	2722	2722	NUM
ajeer-229	384	40	)	)	PUNCT
ajeer-229	384	41	,	,	PUNCT
ajeer-229	384	42	fx	fx	PROPN
ajeer-229	384	43	hotels	hotels	PROPN
ajeer-229	384	44	group	group	PROPN
ajeer-229	384	45	inc	inc	PROPN
ajeer-229	384	46	.	.	PROPN
ajeer-229	385	1	(	(	PUNCT
ajeer-229	385	2	2724	2724	NUM
ajeer-229	385	3	-	-	SYM
ajeer-229	385	4	f	f	NOUN
ajeer-229	385	5	)	)	PUNCT
ajeer-229	385	6	,	,	PUNCT
ajeer-229	385	7	janfusun	janfusun	PROPN
ajeer-229	385	8	fancyworld	fancyworld	PROPN
ajeer-229	385	9	corp	corp	PROPN
ajeer-229	385	10	.	.	PROPN
ajeer-229	385	11	(	(	PUNCT
ajeer-229	385	12	5701	5701	NUM
ajeer-229	385	13	)	)	PUNCT
ajeer-229	385	14	,	,	PUNCT
ajeer-229	385	15	the	the	DET
ajeer-229	385	16	landis	landis	PROPN
ajeer-229	385	17	taipei	taipei	PROPN
ajeer-229	385	18	hotel	hotel	PROPN
ajeer-229	385	19	co.	co.	PROPN
ajeer-229	385	20	,	,	PUNCT
ajeer-229	385	21	ltd	ltd	PROPN
ajeer-229	385	22	.	.	PROPN
ajeer-229	385	23	(	(	PUNCT
ajeer-229	385	24	5703	5703	NUM
ajeer-229	385	25	)	)	PUNCT
ajeer-229	385	26	,	,	PUNCT
ajeer-229	385	27	in	in	ADP
ajeer-229	385	28	the	the	DET
ajeer-229	385	29	configuration	configuration	NOUN
ajeer-229	385	30	of	of	ADP
ajeer-229	385	31	the	the	DET
ajeer-229	385	32	australian	australian	ADJ
ajeer-229	385	33	dollar	dollar	NOUN
ajeer-229	385	34	reached	reach	VERB
ajeer-229	385	35	52.35	52.35	NUM
ajeer-229	385	36	%	%	NOUN
ajeer-229	385	37	,	,	PUNCT
ajeer-229	385	38	83.81	83.81	NUM
ajeer-229	385	39	%	%	NOUN
ajeer-229	385	40	,	,	PUNCT
ajeer-229	385	41	44.37	44.37	NUM
ajeer-229	385	42	%	%	NOUN
ajeer-229	385	43	,	,	PUNCT
ajeer-229	385	44	73.79	73.79	NUM
ajeer-229	385	45	%	%	NOUN
ajeer-229	385	46	,	,	PUNCT
ajeer-229	385	47	85.48	85.48	NUM
ajeer-229	385	48	%	%	NOUN
ajeer-229	385	49	,	,	PUNCT
ajeer-229	385	50	82.84	82.84	NUM
ajeer-229	385	51	%	%	NOUN
ajeer-229	385	52	,	,	PUNCT
ajeer-229	385	53	85.53	85.53	NUM
ajeer-229	385	54	%	%	NOUN
ajeer-229	385	55	and	and	CCONJ
ajeer-229	385	56	79.93	79.93	NUM
ajeer-229	385	57	%	%	NOUN
ajeer-229	385	58	,	,	PUNCT
ajeer-229	385	59	respectively	respectively	ADV
ajeer-229	385	60	,	,	PUNCT
ajeer-229	385	61	more	more	ADJ
ajeer-229	385	62	than	than	ADP
ajeer-229	385	63	50	50	NUM
ajeer-229	385	64	%	%	NOUN
ajeer-229	385	65	have	have	AUX
ajeer-229	385	66	switched	switch	VERB
ajeer-229	385	67	.	.	PUNCT
ajeer-229	386	1	the	the	DET
ajeer-229	386	2	hotel	hotel	NOUN
ajeer-229	386	3	holiday	holiday	NOUN
ajeer-229	386	4	garden	garden	NOUN
ajeer-229	386	5	(	(	PUNCT
ajeer-229	386	6	2702	2702	NUM
ajeer-229	386	7	)	)	PUNCT
ajeer-229	386	8	,	,	PUNCT
ajeer-229	386	9	the	the	DET
ajeer-229	386	10	leofoo	leofoo	PROPN
ajeer-229	386	11	development	development	PROPN
ajeer-229	386	12	co.	co.	PROPN
ajeer-229	386	13	,	,	PUNCT
ajeer-229	386	14	ltd	ltd	PROPN
ajeer-229	386	15	.	.	PROPN
ajeer-229	386	16	(	(	PUNCT
ajeer-229	386	17	2705	2705	NUM
ajeer-229	386	18	)	)	PUNCT
ajeer-229	386	19	,	,	PUNCT
ajeer-229	386	20	first	first	ADJ
ajeer-229	386	21	hotel	hotel	PROPN
ajeer-229	386	22	company	company	PROPN
ajeer-229	386	23	ltd	ltd	PROPN
ajeer-229	386	24	.	.	PROPN
ajeer-229	386	25	(	(	PUNCT
ajeer-229	386	26	2706	2706	NUM
ajeer-229	386	27	)	)	PUNCT
ajeer-229	386	28	,	,	PUNCT
ajeer-229	386	29	chateau	chateau	PROPN
ajeer-229	386	30	international	international	PROPN
ajeer-229	386	31	development	development	PROPN
ajeer-229	386	32	co.	co.	PROPN
ajeer-229	386	33	,	,	PUNCT
ajeer-229	386	34	ltd	ltd	PROPN
ajeer-229	386	35	.	.	PROPN
ajeer-229	386	36	(	(	PUNCT
ajeer-229	386	37	2722	2722	NUM
ajeer-229	386	38	)	)	PUNCT
ajeer-229	386	39	,	,	PUNCT
ajeer-229	386	40	fx	fx	PROPN
ajeer-229	386	41	hotels	hotels	PROPN
ajeer-229	386	42	group	group	PROPN
ajeer-229	386	43	inc	inc	PROPN
ajeer-229	386	44	.	.	PROPN
ajeer-229	386	45	(	(	PUNCT
ajeer-229	386	46	2724	2724	NUM
ajeer-229	386	47	-	-	SYM
ajeer-229	386	48	f	f	NOUN
ajeer-229	386	49	)	)	PUNCT
ajeer-229	386	50	,	,	PUNCT
ajeer-229	386	51	janfusun	janfusun	PROPN
ajeer-229	386	52	fancyworld	fancyworld	PROPN
ajeer-229	386	53	corp	corp	PROPN
ajeer-229	386	54	.	.	PROPN
ajeer-229	386	55	(	(	PUNCT
ajeer-229	386	56	5701	5701	NUM
ajeer-229	386	57	)	)	PUNCT
ajeer-229	386	58	,	,	PUNCT
ajeer-229	386	59	and	and	CCONJ
ajeer-229	386	60	landis	landis	PROPN
ajeer-229	386	61	taipei	taipei	PROPN
ajeer-229	386	62	hotel	hotel	PROPN
ajeer-229	386	63	co.	co.	PROPN
ajeer-229	386	64	,	,	PUNCT
ajeer-229	386	65	ltd	ltd	PROPN
ajeer-229	386	66	.	.	PROPN
ajeer-229	386	67	(	(	PUNCT
ajeer-229	386	68	5703	5703	NUM
ajeer-229	386	69	)	)	PUNCT
ajeer-229	386	70	for	for	SCONJ
ajeer-229	386	71	the	the	DET
ajeer-229	386	72	korean	korean	PROPN
ajeer-229	386	73	won	win	VERB
ajeer-229	386	74	configuration	configuration	NOUN
ajeer-229	386	75	,	,	PUNCT
ajeer-229	386	76	respectively	respectively	ADV
ajeer-229	386	77	,	,	PUNCT
ajeer-229	386	78	3.84	3.84	NUM
ajeer-229	386	79	%	%	NOUN
ajeer-229	386	80	,	,	PUNCT
ajeer-229	386	81	1.56	1.56	NUM
ajeer-229	386	82	%	%	NOUN
ajeer-229	386	83	,	,	PUNCT
ajeer-229	386	84	30.56	30.56	NUM
ajeer-229	386	85	%	%	NOUN
ajeer-229	386	86	,	,	PUNCT
ajeer-229	386	87	6.07	6.07	NUM
ajeer-229	386	88	%	%	NOUN
ajeer-229	386	89	,	,	PUNCT
ajeer-229	386	90	0.31	0.31	NUM
ajeer-229	386	91	%	%	NOUN
ajeer-229	386	92	,	,	PUNCT
ajeer-229	386	93	0.76	0.76	NUM
ajeer-229	386	94	%	%	NOUN
ajeer-229	386	95	,	,	PUNCT
ajeer-229	386	96	and	and	CCONJ
ajeer-229	386	97	14.90	14.90	NUM
ajeer-229	386	98	.	.	PUNCT
ajeer-229	387	1	as	as	ADP
ajeer-229	387	2	to	to	ADP
ajeer-229	387	3	the	the	DET
ajeer-229	387	4	chinese	chinese	PROPN
ajeer-229	387	5	yuan	yuan	PROPN
ajeer-229	387	6	,	,	PUNCT
ajeer-229	387	7	formosa	formosa	PROPN
ajeer-229	387	8	international	international	PROPN
ajeer-229	387	9	hotels	hotel	NOUN
ajeer-229	387	10	corporation	corporation	NOUN
ajeer-229	387	11	(	(	PUNCT
ajeer-229	387	12	2707	2707	NUM
ajeer-229	387	13	)	)	PUNCT
ajeer-229	387	14	,	,	PUNCT
ajeer-229	387	15	chateau	chateau	PROPN
ajeer-229	387	16	international	international	PROPN
ajeer-229	387	17	development	development	PROPN
ajeer-229	387	18	co.	co.	PROPN
ajeer-229	387	19	,	,	PUNCT
ajeer-229	387	20	ltd	ltd	PROPN
ajeer-229	387	21	.	.	PROPN
ajeer-229	387	22	(	(	PUNCT
ajeer-229	387	23	2722	2722	NUM
ajeer-229	387	24	)	)	PUNCT
ajeer-229	387	25	,	,	PUNCT
ajeer-229	387	26	fx	fx	PROPN
ajeer-229	387	27	hotels	hotels	PROPN
ajeer-229	387	28	group	group	PROPN
ajeer-229	387	29	inc	inc	PROPN
ajeer-229	387	30	.	.	PROPN
ajeer-229	387	31	(	(	PUNCT
ajeer-229	387	32	2724	2724	NUM
ajeer-229	387	33	-	-	SYM
ajeer-229	387	34	f	f	NOUN
ajeer-229	387	35	)	)	PUNCT
ajeer-229	387	36	,	,	PUNCT
ajeer-229	387	37	and	and	CCONJ
ajeer-229	387	38	hotel	hotel	NOUN
ajeer-229	387	39	royal	royal	ADJ
ajeer-229	387	40	chihpen	chihpen	NOUN
ajeer-229	387	41	(	(	PUNCT
ajeer-229	387	42	5704	5704	NUM
ajeer-229	387	43	)	)	PUNCT
ajeer-229	387	44	should	should	AUX
ajeer-229	387	45	put	put	VERB
ajeer-229	387	46	the	the	DET
ajeer-229	387	47	weight	weight	NOUN
ajeer-229	387	48	ranging	range	VERB
ajeer-229	387	49	from	from	ADP
ajeer-229	387	50	4.47	4.47	NUM
ajeer-229	387	51	%	%	NOUN
ajeer-229	387	52	to	to	ADP
ajeer-229	387	53	19.47	19.47	NUM
ajeer-229	387	54	%	%	NOUN
ajeer-229	387	55	.	.	PUNCT
ajeer-229	388	1	4	4	X
ajeer-229	388	2	.	.	X
ajeer-229	388	3	conclusions	conclusion	NOUN
ajeer-229	388	4	recent	recent	ADJ
ajeer-229	388	5	years	year	NOUN
ajeer-229	388	6	,	,	PUNCT
ajeer-229	388	7	changes	change	NOUN
ajeer-229	388	8	in	in	ADP
ajeer-229	388	9	exchange	exchange	NOUN
ajeer-229	388	10	rates	rate	NOUN
ajeer-229	388	11	will	will	AUX
ajeer-229	388	12	significantly	significantly	ADV
ajeer-229	388	13	affect	affect	VERB
ajeer-229	388	14	the	the	DET
ajeer-229	388	15	performances	performance	NOUN
ajeer-229	388	16	of	of	ADP
ajeer-229	388	17	a	a	DET
ajeer-229	388	18	company	company	NOUN
ajeer-229	388	19	,	,	PUNCT
ajeer-229	388	20	such	such	ADJ
ajeer-229	388	21	as	as	ADP
ajeer-229	388	22	,	,	PUNCT
ajeer-229	388	23	roe	roe	PROPN
ajeer-229	388	24	,	,	PUNCT
ajeer-229	388	25	roa	roa	PROPN
ajeer-229	388	26	,	,	PUNCT
ajeer-229	388	27	etc	etc	X
ajeer-229	388	28	.	.	X
ajeer-229	389	1	faced	face	VERB
ajeer-229	389	2	with	with	ADP
ajeer-229	389	3	dramatic	dramatic	ADJ
ajeer-229	389	4	changes	change	NOUN
ajeer-229	389	5	in	in	ADP
ajeer-229	389	6	the	the	DET
ajeer-229	389	7	international	international	ADJ
ajeer-229	389	8	economic	economic	ADJ
ajeer-229	389	9	environment	environment	NOUN
ajeer-229	389	10	,	,	PUNCT
ajeer-229	389	11	as	as	ADV
ajeer-229	389	12	well	well	ADV
ajeer-229	389	13	as	as	ADP
ajeer-229	389	14	central	central	ADJ
ajeer-229	389	15	banks	bank	NOUN
ajeer-229	389	16	continue	continue	VERB
ajeer-229	389	17	to	to	PART
ajeer-229	389	18	adopt	adopt	VERB
ajeer-229	389	19	a	a	DET
ajeer-229	389	20	more	more	ADV
ajeer-229	389	21	aggressive	aggressive	ADJ
ajeer-229	389	22	monetary	monetary	ADJ
ajeer-229	389	23	policy	policy	NOUN
ajeer-229	389	24	,	,	PUNCT
ajeer-229	389	25	such	such	ADJ
ajeer-229	389	26	as	as	ADP
ajeer-229	389	27	:	:	PUNCT
ajeer-229	389	28	bank	bank	PROPN
ajeer-229	389	29	of	of	ADP
ajeer-229	389	30	japan	japan	PROPN
ajeer-229	389	31	negative	negative	ADJ
ajeer-229	389	32	interest	interest	NOUN
ajeer-229	389	33	rates	rate	NOUN
ajeer-229	389	34	,	,	PUNCT
ajeer-229	389	35	the	the	DET
ajeer-229	389	36	ecb‟s	ecb‟s	NUM
ajeer-229	389	37	monetary	monetary	ADJ
ajeer-229	389	38	easing	easing	NOUN
ajeer-229	389	39	,	,	PUNCT
ajeer-229	389	40	china	china	PROPN
ajeer-229	389	41	people‟s	people‟s	PROPN
ajeer-229	389	42	bank	bank	PROPN
ajeer-229	389	43	of	of	ADP
ajeer-229	389	44	china	china	PROPN
ajeer-229	389	45	monetary	monetary	PROPN
ajeer-229	389	46	easing	easing	NOUN
ajeer-229	389	47	,	,	PUNCT
ajeer-229	389	48	and	and	CCONJ
ajeer-229	389	49	the	the	DET
ajeer-229	389	50	gradual	gradual	ADJ
ajeer-229	389	51	recovery	recovery	NOUN
ajeer-229	389	52	of	of	ADP
ajeer-229	389	53	the	the	DET
ajeer-229	389	54	economy	economy	NOUN
ajeer-229	389	55	of	of	ADP
ajeer-229	389	56	the	the	DET
ajeer-229	389	57	united	united	PROPN
ajeer-229	389	58	states	states	PROPN
ajeer-229	389	59	have	have	AUX
ajeer-229	389	60	taken	take	VERB
ajeer-229	389	61	action	action	NOUN
ajeer-229	389	62	to	to	PART
ajeer-229	389	63	raise	raise	VERB
ajeer-229	389	64	interest	interest	NOUN
ajeer-229	389	65	rates	rate	NOUN
ajeer-229	389	66	and	and	CCONJ
ajeer-229	389	67	so	so	ADV
ajeer-229	389	68	on	on	ADV
ajeer-229	389	69	.	.	PUNCT
ajeer-229	390	1	under	under	ADP
ajeer-229	390	2	the	the	DET
ajeer-229	390	3	auspices	auspex	NOUN
ajeer-229	390	4	of	of	ADP
ajeer-229	390	5	monetary	monetary	ADJ
ajeer-229	390	6	policy	policy	NOUN
ajeer-229	390	7	in	in	ADP
ajeer-229	390	8	these	these	DET
ajeer-229	390	9	countries	country	NOUN
ajeer-229	390	10	,	,	PUNCT
ajeer-229	390	11	it	it	PRON
ajeer-229	390	12	shows	show	VERB
ajeer-229	390	13	once	once	ADV
ajeer-229	390	14	again	again	ADV
ajeer-229	390	15	that	that	SCONJ
ajeer-229	390	16	the	the	DET
ajeer-229	390	17	currencies	currency	NOUN
ajeer-229	390	18	flows	flow	VERB
ajeer-229	390	19	across	across	ADP
ajeer-229	390	20	countries	country	NOUN
ajeer-229	390	21	and	and	CCONJ
ajeer-229	390	22	international	international	ADJ
ajeer-229	390	23	hot	hot	ADJ
ajeer-229	390	24	money	money	NOUN
ajeer-229	390	25	have	have	AUX
ajeer-229	390	26	allowed	allow	VERB
ajeer-229	390	27	changes	change	NOUN
ajeer-229	390	28	in	in	ADP
ajeer-229	390	29	exchange	exchange	NOUN
ajeer-229	390	30	rates	rate	NOUN
ajeer-229	390	31	and	and	CCONJ
ajeer-229	390	32	more	more	ADV
ajeer-229	390	33	intense	intense	ADJ
ajeer-229	390	34	.	.	PUNCT
ajeer-229	391	1	and	and	CCONJ
ajeer-229	391	2	taiwanese	taiwanese	ADJ
ajeer-229	391	3	enterprises	enterprise	NOUN
ajeer-229	391	4	face	face	VERB
ajeer-229	391	5	to	to	ADP
ajeer-229	391	6	these	these	DET
ajeer-229	391	7	monetary	monetary	ADJ
ajeer-229	391	8	policies	policy	NOUN
ajeer-229	391	9	,	,	PUNCT
ajeer-229	391	10	foreign	foreign	ADJ
ajeer-229	391	11	exchange	exchange	NOUN
ajeer-229	391	12	positions	position	NOUN
ajeer-229	391	13	should	should	AUX
ajeer-229	391	14	be	be	AUX
ajeer-229	391	15	actively	actively	ADV
ajeer-229	391	16	managed	manage	VERB
ajeer-229	391	17	in	in	ADP
ajeer-229	391	18	order	order	NOUN
ajeer-229	391	19	to	to	PART
ajeer-229	391	20	reduce	reduce	VERB
ajeer-229	391	21	the	the	DET
ajeer-229	391	22	impacts	impact	NOUN
ajeer-229	391	23	suffered	suffer	VERB
ajeer-229	391	24	.	.	PUNCT
ajeer-229	392	1	in	in	ADP
ajeer-229	392	2	the	the	DET
ajeer-229	392	3	past	past	NOUN
ajeer-229	392	4	,	,	PUNCT
ajeer-229	392	5	the	the	DET
ajeer-229	392	6	fluctuations	fluctuation	NOUN
ajeer-229	392	7	in	in	ADP
ajeer-229	392	8	the	the	DET
ajeer-229	392	9	foreign	foreign	ADJ
ajeer-229	392	10	exchange	exchange	NOUN
ajeer-229	392	11	markets	market	NOUN
ajeer-229	392	12	are	be	AUX
ajeer-229	392	13	more	more	ADV
ajeer-229	392	14	stable	stable	ADJ
ajeer-229	392	15	in	in	ADP
ajeer-229	392	16	today	today	NOUN
ajeer-229	392	17	.	.	PUNCT
ajeer-229	393	1	in	in	ADP
ajeer-229	393	2	addition	addition	NOUN
ajeer-229	393	3	to	to	ADP
ajeer-229	393	4	monetary	monetary	ADJ
ajeer-229	393	5	policies	policy	NOUN
ajeer-229	393	6	that	that	PRON
ajeer-229	393	7	attract	attract	VERB
ajeer-229	393	8	more	more	ADJ
ajeer-229	393	9	investors	investor	NOUN
ajeer-229	393	10	to	to	ADP
ajeer-229	393	11	the	the	DET
ajeer-229	393	12	market	market	NOUN
ajeer-229	393	13	,	,	PUNCT
ajeer-229	393	14	the	the	DET
ajeer-229	393	15	investment	investment	NOUN
ajeer-229	393	16	of	of	ADP
ajeer-229	393	17	foreign	foreign	ADJ
ajeer-229	393	18	exchange	exchange	NOUN
ajeer-229	393	19	market	market	NOUN
ajeer-229	393	20	as	as	ADV
ajeer-229	393	21	well	well	ADV
ajeer-229	393	22	significantly	significantly	ADV
ajeer-229	393	23	affect	affect	VERB
ajeer-229	393	24	the	the	DET
ajeer-229	393	25	change	change	NOUN
ajeer-229	393	26	in	in	ADP
ajeer-229	393	27	exchange	exchange	NOUN
ajeer-229	393	28	rates	rate	NOUN
ajeer-229	393	29	among	among	ADP
ajeer-229	393	30	countries	country	NOUN
ajeer-229	393	31	.	.	PUNCT
ajeer-229	394	1	therefore	therefore	ADV
ajeer-229	394	2	,	,	PUNCT
ajeer-229	394	3	a	a	DET
ajeer-229	394	4	positive	positive	ADJ
ajeer-229	394	5	foreign	foreign	ADJ
ajeer-229	394	6	exchange	exchange	NOUN
ajeer-229	394	7	risk	risk	NOUN
ajeer-229	394	8	management	management	NOUN
ajeer-229	394	9	will	will	AUX
ajeer-229	394	10	better	well	ADV
ajeer-229	394	11	help	help	VERB
ajeer-229	394	12	for	for	ADP
ajeer-229	394	13	future	future	ADJ
ajeer-229	394	14	operation	operation	NOUN
ajeer-229	394	15	,	,	PUNCT
ajeer-229	394	16	which	which	PRON
ajeer-229	394	17	can	can	AUX
ajeer-229	394	18	significantly	significantly	ADV
ajeer-229	394	19	reduce	reduce	VERB
ajeer-229	394	20	the	the	DET
ajeer-229	394	21	risk	risk	NOUN
ajeer-229	394	22	of	of	ADP
ajeer-229	394	23	foreign	foreign	ADJ
ajeer-229	394	24	exchange	exchange	NOUN
ajeer-229	394	25	movements	movement	NOUN
ajeer-229	394	26	.	.	PUNCT
ajeer-229	395	1	this	this	DET
ajeer-229	395	2	study	study	NOUN
ajeer-229	395	3	found	find	VERB
ajeer-229	395	4	that	that	SCONJ
ajeer-229	395	5	taiwanese	taiwanese	ADJ
ajeer-229	395	6	hospitality	hospitality	NOUN
ajeer-229	395	7	companies	company	NOUN
ajeer-229	395	8	,	,	PUNCT
ajeer-229	395	9	accounting	account	VERB
ajeer-229	395	10	for	for	ADP
ajeer-229	395	11	the	the	DET
ajeer-229	395	12	largest	large	ADJ
ajeer-229	395	13	part	part	NOUN
ajeer-229	395	14	of	of	ADP
ajeer-229	395	15	the	the	DET
ajeer-229	395	16	tourism	tourism	NOUN
ajeer-229	395	17	industry	industry	NOUN
ajeer-229	395	18	,	,	PUNCT
ajeer-229	395	19	are	be	AUX
ajeer-229	395	20	subject	subject	ADJ
ajeer-229	395	21	to	to	PART
ajeer-229	395	22	have	have	VERB
ajeer-229	395	23	the	the	DET
ajeer-229	395	24	impacts	impact	NOUN
ajeer-229	395	25	on	on	ADP
ajeer-229	395	26	their	their	PRON
ajeer-229	395	27	performance	performance	NOUN
ajeer-229	395	28	and	and	CCONJ
ajeer-229	395	29	profitability	profitability	NOUN
ajeer-229	395	30	due	due	ADP
ajeer-229	395	31	to	to	ADP
ajeer-229	395	32	the	the	DET
ajeer-229	395	33	exchange	exchange	NOUN
ajeer-229	395	34	rate	rate	NOUN
ajeer-229	395	35	fluctuations	fluctuation	NOUN
ajeer-229	395	36	.	.	PUNCT
ajeer-229	396	1	multinational	multinational	ADJ
ajeer-229	396	2	enterprises	enterprise	NOUN
ajeer-229	396	3	may	may	AUX
ajeer-229	396	4	apply	apply	VERB
ajeer-229	396	5	the	the	DET
ajeer-229	396	6	results	result	NOUN
ajeer-229	396	7	developed	develop	VERB
ajeer-229	396	8	here	here	ADV
ajeer-229	396	9	to	to	PART
ajeer-229	396	10	manage	manage	VERB
ajeer-229	396	11	their	their	PRON
ajeer-229	396	12	foreign	foreign	ADJ
ajeer-229	396	13	exchange	exchange	NOUN
ajeer-229	396	14	risk	risk	NOUN
ajeer-229	396	15	exposure	exposure	NOUN
ajeer-229	396	16	,	,	PUNCT
ajeer-229	396	17	and	and	CCONJ
ajeer-229	396	18	then	then	ADV
ajeer-229	396	19	increasing	increase	VERB
ajeer-229	396	20	the	the	DET
ajeer-229	396	21	overall	overall	ADJ
ajeer-229	396	22	capacity	capacity	NOUN
ajeer-229	396	23	and	and	CCONJ
ajeer-229	396	24	range	range	NOUN
ajeer-229	396	25	of	of	ADP
ajeer-229	396	26	enterprise	enterprise	NOUN
ajeer-229	396	27	risk	risk	NOUN
ajeer-229	396	28	management	management	NOUN
ajeer-229	396	29	(	(	PUNCT
ajeer-229	396	30	erm	erm	PROPN
ajeer-229	396	31	)	)	PUNCT
ajeer-229	396	32	.	.	PUNCT
ajeer-229	397	1	by	by	ADP
ajeer-229	397	2	doing	do	VERB
ajeer-229	397	3	so	so	ADV
ajeer-229	397	4	,	,	PUNCT
ajeer-229	397	5	corporate	corporate	ADJ
ajeer-229	397	6	can	can	AUX
ajeer-229	397	7	increase	increase	VERB
ajeer-229	397	8	their	their	PRON
ajeer-229	397	9	profits	profit	NOUN
ajeer-229	397	10	and	and	CCONJ
ajeer-229	397	11	reduce	reduce	VERB
ajeer-229	397	12	the	the	DET
ajeer-229	397	13	negative	negative	ADJ
ajeer-229	397	14	impacts	impact	NOUN
ajeer-229	397	15	of	of	ADP
ajeer-229	397	16	exchange	exchange	NOUN
ajeer-229	397	17	rate	rate	NOUN
ajeer-229	397	18	changes	change	NOUN
ajeer-229	397	19	on	on	ADP
ajeer-229	397	20	corporate	corporate	ADJ
ajeer-229	397	21	roe	roe	NOUN
ajeer-229	397	22	/	/	SYM
ajeer-229	397	23	roa	roa	PROPN
ajeer-229	397	24	through	through	ADP
ajeer-229	397	25	foreign	foreign	ADJ
ajeer-229	397	26	exchange	exchange	NOUN
ajeer-229	397	27	operations	operation	NOUN
ajeer-229	397	28	.	.	PUNCT
ajeer-229	398	1	more	more	ADV
ajeer-229	398	2	importantly	importantly	ADV
ajeer-229	398	3	,	,	PUNCT
ajeer-229	398	4	foreign	foreign	ADJ
ajeer-229	398	5	exchange	exchange	NOUN
ajeer-229	398	6	allocation	allocation	NOUN
ajeer-229	398	7	can	can	AUX
ajeer-229	398	8	be	be	AUX
ajeer-229	398	9	a	a	DET
ajeer-229	398	10	strategy	strategy	NOUN
ajeer-229	398	11	to	to	PART
ajeer-229	398	12	reduce	reduce	VERB
ajeer-229	398	13	the	the	DET
ajeer-229	398	14	risk	risk	NOUN
ajeer-229	398	15	of	of	ADP
ajeer-229	398	16	foreign	foreign	ADJ
ajeer-229	398	17	exchange	exchange	NOUN
ajeer-229	398	18	exposure	exposure	NOUN
ajeer-229	398	19	.	.	PUNCT
ajeer-229	399	1	references	reference	NOUN
ajeer-229	399	2	adler	adler	PROPN
ajeer-229	399	3	,	,	PUNCT
ajeer-229	399	4	m.	m.	NOUN
ajeer-229	399	5	and	and	CCONJ
ajeer-229	399	6	d.	d.	PROPN
ajeer-229	399	7	bernard	bernard	PROPN
ajeer-229	399	8	,	,	PUNCT
ajeer-229	399	9	1980	1980	NUM
ajeer-229	399	10	.	.	PUNCT
ajeer-229	400	1	the	the	DET
ajeer-229	400	2	exposure	exposure	NOUN
ajeer-229	400	3	of	of	ADP
ajeer-229	400	4	long	long	ADJ
ajeer-229	400	5	-	-	PUNCT
ajeer-229	400	6	term	term	NOUN
ajeer-229	400	7	foreign	foreign	ADJ
ajeer-229	400	8	currency	currency	NOUN
ajeer-229	400	9	bonds	bond	NOUN
ajeer-229	400	10	.	.	PUNCT
ajeer-229	401	1	journal	journal	NOUN
ajeer-229	401	2	of	of	ADP
ajeer-229	401	3	financial	financial	ADJ
ajeer-229	401	4	and	and	CCONJ
ajeer-229	401	5	quantitative	quantitative	ADJ
ajeer-229	401	6	analysis	analysis	NOUN
ajeer-229	401	7	,	,	PUNCT
ajeer-229	401	8	15(4	15(4	NUM
ajeer-229	401	9	):	):	PUNCT
ajeer-229	401	10	973	973	NUM
ajeer-229	401	11	-	-	SYM
ajeer-229	401	12	994	994	NUM
ajeer-229	401	13	.	.	PUNCT
ajeer-229	402	1	view	view	NOUN
ajeer-229	402	2	at	at	ADP
ajeer-229	402	3	google	google	PROPN
ajeer-229	402	4	scholar	scholar	NOUN
ajeer-229	402	5	|	|	ADV
ajeer-229	402	6	view	view	NOUN
ajeer-229	402	7	at	at	ADP
ajeer-229	402	8	publisher	publisher	NOUN
ajeer-229	402	9	bailey	bailey	PROPN
ajeer-229	402	10	,	,	PUNCT
ajeer-229	402	11	w.	w.	PROPN
ajeer-229	402	12	,	,	PUNCT
ajeer-229	402	13	e.	e.	PROPN
ajeer-229	402	14	ng	ng	PROPN
ajeer-229	402	15	and	and	CCONJ
ajeer-229	402	16	r.m	r.m	PROPN
ajeer-229	402	17	.	.	PROPN
ajeer-229	402	18	stulz	stulz	PROPN
ajeer-229	402	19	,	,	PUNCT
ajeer-229	402	20	1992	1992	NUM
ajeer-229	402	21	.	.	PUNCT
ajeer-229	403	1	optimal	optimal	ADJ
ajeer-229	403	2	hedging	hedging	NOUN
ajeer-229	403	3	of	of	ADP
ajeer-229	403	4	stock	stock	NOUN
ajeer-229	403	5	portfolios	portfolio	NOUN
ajeer-229	403	6	against	against	ADP
ajeer-229	403	7	foreign	foreign	ADJ
ajeer-229	403	8	exchange	exchange	NOUN
ajeer-229	403	9	risk	risk	NOUN
ajeer-229	403	10	:	:	PUNCT
ajeer-229	403	11	theory	theory	NOUN
ajeer-229	403	12	and	and	CCONJ
ajeer-229	403	13	applications	application	NOUN
ajeer-229	403	14	.	.	PUNCT
ajeer-229	404	1	global	global	ADJ
ajeer-229	404	2	finance	finance	PROPN
ajeer-229	404	3	journal	journal	NOUN
ajeer-229	404	4	,	,	PUNCT
ajeer-229	404	5	3(2	3(2	NUM
ajeer-229	404	6	):	):	PUNCT
ajeer-229	404	7	97	97	NUM
ajeer-229	404	8	-	-	SYM
ajeer-229	404	9	113	113	NUM
ajeer-229	404	10	.	.	PUNCT
ajeer-229	405	1	view	view	NOUN
ajeer-229	405	2	at	at	ADP
ajeer-229	405	3	google	google	PROPN
ajeer-229	405	4	scholar	scholar	NOUN
ajeer-229	405	5	|	|	ADV
ajeer-229	405	6	view	view	NOUN
ajeer-229	405	7	at	at	ADP
ajeer-229	405	8	publisher	publisher	PROPN
ajeer-229	405	9	bodie	bodie	PROPN
ajeer-229	405	10	,	,	PUNCT
ajeer-229	405	11	z.	z.	PROPN
ajeer-229	405	12	,	,	PUNCT
ajeer-229	405	13	a.	a.	PROPN
ajeer-229	405	14	kane	kane	PROPN
ajeer-229	405	15	and	and	CCONJ
ajeer-229	405	16	a.	a.	PROPN
ajeer-229	405	17	marcus	marcus	PROPN
ajeer-229	405	18	,	,	PUNCT
ajeer-229	405	19	2002	2002	NUM
ajeer-229	405	20	.	.	PUNCT
ajeer-229	406	1	investment	investment	NOUN
ajeer-229	406	2	.	.	PUNCT
ajeer-229	407	1	new	new	PROPN
ajeer-229	407	2	york	york	PROPN
ajeer-229	407	3	:	:	PUNCT
ajeer-229	407	4	mcgraw	mcgraw	PROPN
ajeer-229	407	5	hill	hill	PROPN
ajeer-229	407	6	.	.	PUNCT
ajeer-229	408	1	bodnar	bodnar	PROPN
ajeer-229	408	2	,	,	PUNCT
ajeer-229	408	3	g.m	g.m	PROPN
ajeer-229	408	4	.	.	PROPN
ajeer-229	408	5	and	and	CCONJ
ajeer-229	408	6	g.m	g.m	PROPN
ajeer-229	408	7	.	.	PROPN
ajeer-229	408	8	william	william	PROPN
ajeer-229	408	9	,	,	PUNCT
ajeer-229	408	10	1993	1993	NUM
ajeer-229	408	11	.	.	PUNCT
ajeer-229	409	1	exchange	exchange	NOUN
ajeer-229	409	2	rate	rate	NOUN
ajeer-229	409	3	exposure	exposure	NOUN
ajeer-229	409	4	and	and	CCONJ
ajeer-229	409	5	industry	industry	NOUN
ajeer-229	409	6	characteristics	characteristic	NOUN
ajeer-229	409	7	:	:	PUNCT
ajeer-229	409	8	evidence	evidence	NOUN
ajeer-229	409	9	from	from	ADP
ajeer-229	409	10	canada	canada	PROPN
ajeer-229	409	11	,	,	PUNCT
ajeer-229	409	12	japan	japan	PROPN
ajeer-229	409	13	,	,	PUNCT
ajeer-229	409	14	and	and	CCONJ
ajeer-229	409	15	the	the	DET
ajeer-229	409	16	usa	usa	PROPN
ajeer-229	409	17	.	.	PROPN
ajeer-229	409	18	journal	journal	PROPN
ajeer-229	409	19	of	of	ADP
ajeer-229	409	20	international	international	ADJ
ajeer-229	409	21	money	money	NOUN
ajeer-229	409	22	and	and	CCONJ
ajeer-229	409	23	finance	finance	NOUN
ajeer-229	409	24	,	,	PUNCT
ajeer-229	409	25	12(1	12(1	NUM
ajeer-229	409	26	):	):	PUNCT
ajeer-229	409	27	29	29	NUM
ajeer-229	409	28	-	-	SYM
ajeer-229	409	29	45	45	NUM
ajeer-229	409	30	.	.	PUNCT
ajeer-229	410	1	view	view	NOUN
ajeer-229	410	2	at	at	ADP
ajeer-229	410	3	google	google	PROPN
ajeer-229	410	4	scholar	scholar	NOUN
ajeer-229	410	5	|	|	ADV
ajeer-229	410	6	view	view	NOUN
ajeer-229	410	7	at	at	ADP
ajeer-229	410	8	publisher	publisher	NOUN
ajeer-229	410	9	chen	chen	PROPN
ajeer-229	410	10	,	,	PUNCT
ajeer-229	410	11	c.-f	c.-f	NOUN
ajeer-229	410	12	.	.	PUNCT
ajeer-229	411	1	and	and	CCONJ
ajeer-229	411	2	c.-w.s	c.-w.s	VERB
ajeer-229	411	3	.	.	PUNCT
ajeer-229	412	1	zan	zan	PROPN
ajeer-229	412	2	,	,	PUNCT
ajeer-229	412	3	2009	2009	NUM
ajeer-229	412	4	.	.	PUNCT
ajeer-229	413	1	tourism	tourism	NOUN
ajeer-229	413	2	expansion	expansion	NOUN
ajeer-229	413	3	,	,	PUNCT
ajeer-229	413	4	tourism	tourism	NOUN
ajeer-229	413	5	uncertainty	uncertainty	NOUN
ajeer-229	413	6	and	and	CCONJ
ajeer-229	413	7	economic	economic	ADJ
ajeer-229	413	8	growth	growth	NOUN
ajeer-229	413	9	:	:	PUNCT
ajeer-229	413	10	new	new	ADJ
ajeer-229	413	11	evidence	evidence	NOUN
ajeer-229	413	12	from	from	ADP
ajeer-229	413	13	taiwan	taiwan	PROPN
ajeer-229	413	14	and	and	CCONJ
ajeer-229	413	15	korea	korea	PROPN
ajeer-229	413	16	.	.	PUNCT
ajeer-229	414	1	tourism	tourism	NOUN
ajeer-229	414	2	management	management	NOUN
ajeer-229	414	3	,	,	PUNCT
ajeer-229	414	4	30(6	30(6	NUM
ajeer-229	414	5	):	):	PUNCT
ajeer-229	414	6	812–818	812–818	NUM
ajeer-229	414	7	.	.	PUNCT
ajeer-229	415	1	view	view	NOUN
ajeer-229	415	2	at	at	ADP
ajeer-229	415	3	google	google	PROPN
ajeer-229	415	4	scholar	scholar	NOUN
ajeer-229	415	5	|	|	ADV
ajeer-229	415	6	view	view	NOUN
ajeer-229	415	7	at	at	ADP
ajeer-229	415	8	publisher	publisher	NOUN
ajeer-229	415	9	chen	chen	PROPN
ajeer-229	415	10	,	,	PUNCT
ajeer-229	415	11	m.h	m.h	PROPN
ajeer-229	415	12	.	.	PROPN
ajeer-229	415	13	,	,	PUNCT
ajeer-229	415	14	j.	j.	PROPN
ajeer-229	415	15	soocheong	soocheong	PROPN
ajeer-229	415	16	and	and	CCONJ
ajeer-229	415	17	y.j	y.j	PROPN
ajeer-229	415	18	.	.	PUNCT
ajeer-229	415	19	peng	peng	PROPN
ajeer-229	415	20	,	,	PUNCT
ajeer-229	415	21	2011	2011	NUM
ajeer-229	415	22	.	.	PUNCT
ajeer-229	416	1	discovering	discover	VERB
ajeer-229	416	2	optimal	optimal	ADJ
ajeer-229	416	3	tourist	tourist	NOUN
ajeer-229	416	4	market	market	NOUN
ajeer-229	416	5	mixes	mix	NOUN
ajeer-229	416	6	.	.	PUNCT
ajeer-229	417	1	journal	journal	PROPN
ajeer-229	417	2	of	of	ADP
ajeer-229	417	3	travel	travel	NOUN
ajeer-229	417	4	research	research	NOUN
ajeer-229	417	5	,	,	PUNCT
ajeer-229	417	6	50(6	50(6	NUM
ajeer-229	417	7	):	):	PUNCT
ajeer-229	417	8	602	602	NUM
ajeer-229	417	9	-	-	SYM
ajeer-229	417	10	614	614	NUM
ajeer-229	417	11	.	.	PUNCT
ajeer-229	418	1	view	view	NOUN
ajeer-229	418	2	at	at	ADP
ajeer-229	418	3	google	google	PROPN
ajeer-229	418	4	scholar	scholar	NOUN
ajeer-229	418	5	|	|	ADV
ajeer-229	418	6	view	view	NOUN
ajeer-229	418	7	at	at	ADP
ajeer-229	418	8	publisher	publisher	NOUN
ajeer-229	418	9	dumas	dumas	PROPN
ajeer-229	418	10	,	,	PUNCT
ajeer-229	418	11	b.	b.	PROPN
ajeer-229	418	12	,	,	PUNCT
ajeer-229	418	13	1978	1978	NUM
ajeer-229	418	14	.	.	PUNCT
ajeer-229	419	1	the	the	DET
ajeer-229	419	2	theory	theory	NOUN
ajeer-229	419	3	of	of	ADP
ajeer-229	419	4	the	the	DET
ajeer-229	419	5	trading	trading	NOUN
ajeer-229	419	6	firm	firm	NOUN
ajeer-229	419	7	revisited	revisit	VERB
ajeer-229	419	8	.	.	PUNCT
ajeer-229	420	1	journal	journal	PROPN
ajeer-229	420	2	of	of	ADP
ajeer-229	420	3	finance	finance	NOUN
ajeer-229	420	4	,	,	PUNCT
ajeer-229	420	5	33(3	33(3	NUM
ajeer-229	420	6	):	):	PUNCT
ajeer-229	420	7	1019	1019	NUM
ajeer-229	420	8	-	-	SYM
ajeer-229	420	9	1030	1030	NUM
ajeer-229	420	10	.	.	PUNCT
ajeer-229	421	1	view	view	NOUN
ajeer-229	421	2	at	at	ADP
ajeer-229	421	3	google	google	PROPN
ajeer-229	421	4	scholar	scholar	NOUN
ajeer-229	421	5	|	|	ADV
ajeer-229	421	6	view	view	NOUN
ajeer-229	421	7	at	at	ADP
ajeer-229	421	8	publisher	publisher	PROPN
ajeer-229	421	9	elton	elton	PROPN
ajeer-229	421	10	,	,	PUNCT
ajeer-229	421	11	e.	e.	PROPN
ajeer-229	421	12	,	,	PUNCT
ajeer-229	421	13	m.	m.	PROPN
ajeer-229	421	14	gruber	gruber	PROPN
ajeer-229	421	15	,	,	PUNCT
ajeer-229	421	16	s.	s.	PROPN
ajeer-229	421	17	brown	brown	PROPN
ajeer-229	421	18	and	and	CCONJ
ajeer-229	421	19	w.	w.	PROPN
ajeer-229	421	20	goetzmann	goetzmann	PROPN
ajeer-229	421	21	,	,	PUNCT
ajeer-229	421	22	2007	2007	NUM
ajeer-229	421	23	.	.	PUNCT
ajeer-229	422	1	modern	modern	ADJ
ajeer-229	422	2	portfolio	portfolio	NOUN
ajeer-229	422	3	theory	theory	NOUN
ajeer-229	422	4	and	and	CCONJ
ajeer-229	422	5	investment	investment	NOUN
ajeer-229	422	6	analysis	analysis	NOUN
ajeer-229	422	7	.	.	PUNCT
ajeer-229	423	1	new	new	PROPN
ajeer-229	423	2	york	york	PROPN
ajeer-229	423	3	:	:	PUNCT
ajeer-229	423	4	wiley	wiley	PROPN
ajeer-229	423	5	.	.	PUNCT
ajeer-229	424	1	fama	fama	PROPN
ajeer-229	424	2	,	,	PUNCT
ajeer-229	424	3	e.f	e.f	PROPN
ajeer-229	424	4	.	.	PROPN
ajeer-229	424	5	and	and	CCONJ
ajeer-229	424	6	f.r	f.r	PROPN
ajeer-229	424	7	.	.	PROPN
ajeer-229	424	8	kenneth	kenneth	PROPN
ajeer-229	424	9	,	,	PUNCT
ajeer-229	424	10	1993	1993	NUM
ajeer-229	424	11	.	.	PUNCT
ajeer-229	425	1	common	common	ADJ
ajeer-229	425	2	risk	risk	NOUN
ajeer-229	425	3	factors	factor	NOUN
ajeer-229	425	4	in	in	ADP
ajeer-229	425	5	the	the	DET
ajeer-229	425	6	returns	return	NOUN
ajeer-229	425	7	on	on	ADP
ajeer-229	425	8	stocks	stock	NOUN
ajeer-229	425	9	and	and	CCONJ
ajeer-229	425	10	bonds	bond	NOUN
ajeer-229	425	11	.	.	PUNCT
ajeer-229	426	1	journal	journal	NOUN
ajeer-229	426	2	of	of	ADP
ajeer-229	426	3	financial	financial	ADJ
ajeer-229	426	4	economics	economic	NOUN
ajeer-229	426	5	,	,	PUNCT
ajeer-229	426	6	33(1	33(1	NUM
ajeer-229	426	7	):	):	PUNCT
ajeer-229	426	8	3	3	NUM
ajeer-229	426	9	-	-	SYM
ajeer-229	426	10	56	56	NUM
ajeer-229	426	11	.	.	PUNCT
ajeer-229	426	12	view	view	NOUN
ajeer-229	426	13	at	at	ADP
ajeer-229	426	14	google	google	PROPN
ajeer-229	426	15	scholar	scholar	NOUN
ajeer-229	426	16	|	|	ADV
ajeer-229	426	17	view	view	NOUN
ajeer-229	426	18	at	at	ADP
ajeer-229	426	19	publisher	publisher	NOUN
ajeer-229	426	20	fama	fama	PROPN
ajeer-229	426	21	,	,	PUNCT
ajeer-229	426	22	e.f	e.f	PROPN
ajeer-229	426	23	.	.	PROPN
ajeer-229	426	24	and	and	CCONJ
ajeer-229	426	25	f.r	f.r	PROPN
ajeer-229	426	26	.	.	PROPN
ajeer-229	426	27	kenneth	kenneth	PROPN
ajeer-229	426	28	,	,	PUNCT
ajeer-229	426	29	1995	1995	NUM
ajeer-229	426	30	.	.	PUNCT
ajeer-229	427	1	size	size	NOUN
ajeer-229	427	2	and	and	CCONJ
ajeer-229	427	3	book	book	NOUN
ajeer-229	427	4	-	-	PUNCT
ajeer-229	427	5	to	to	ADP
ajeer-229	427	6	-	-	PUNCT
ajeer-229	427	7	market	market	NOUN
ajeer-229	427	8	factors	factor	NOUN
ajeer-229	427	9	in	in	ADP
ajeer-229	427	10	earnings	earning	NOUN
ajeer-229	427	11	and	and	CCONJ
ajeer-229	427	12	returns	return	NOUN
ajeer-229	427	13	.	.	PUNCT
ajeer-229	428	1	journal	journal	NOUN
ajeer-229	428	2	of	of	ADP
ajeer-229	428	3	finance	finance	NOUN
ajeer-229	428	4	,	,	PUNCT
ajeer-229	428	5	50(1	50(1	NUM
ajeer-229	428	6	):	):	PUNCT
ajeer-229	428	7	131	131	NUM
ajeer-229	428	8	-	-	SYM
ajeer-229	428	9	155	155	NUM
ajeer-229	428	10	.	.	PUNCT
ajeer-229	428	11	view	view	NOUN
ajeer-229	428	12	at	at	ADP
ajeer-229	428	13	google	google	PROPN
ajeer-229	428	14	scholar	scholar	NOUN
ajeer-229	428	15	|	|	ADV
ajeer-229	428	16	view	view	NOUN
ajeer-229	428	17	at	at	ADP
ajeer-229	428	18	publisher	publisher	NOUN
ajeer-229	428	19	hamid	hamid	PROPN
ajeer-229	428	20	,	,	PUNCT
ajeer-229	428	21	a.h	a.h	PROPN
ajeer-229	428	22	.	.	PROPN
ajeer-229	428	23	,	,	PUNCT
ajeer-229	428	24	k.h	k.h	PROPN
ajeer-229	428	25	.	.	PROPN
ajeer-229	428	26	siarap	siarap	PROPN
ajeer-229	428	27	and	and	CCONJ
ajeer-229	428	28	a.	a.	PROPN
ajeer-229	428	29	mustafa	mustafa	PROPN
ajeer-229	428	30	,	,	PUNCT
ajeer-229	428	31	2013	2013	NUM
ajeer-229	428	32	.	.	PUNCT
ajeer-229	429	1	evaluation	evaluation	NOUN
ajeer-229	429	2	of	of	ADP
ajeer-229	429	3	a	a	DET
ajeer-229	429	4	public	public	ADJ
ajeer-229	429	5	relations	relation	NOUN
ajeer-229	429	6	agency	agency	NOUN
ajeer-229	429	7	(	(	PUNCT
ajeer-229	429	8	pra)‟s	pra)‟s	PROPN
ajeer-229	429	9	performance	performance	NOUN
ajeer-229	429	10	of	of	ADP
ajeer-229	429	11	promoting	promote	VERB
ajeer-229	429	12	tourism	tourism	NOUN
ajeer-229	429	13	using	use	VERB
ajeer-229	429	14	importance	importance	NOUN
ajeer-229	429	15	performance	performance	NOUN
ajeer-229	429	16	analysis	analysis	NOUN
ajeer-229	429	17	(	(	PUNCT
ajeer-229	429	18	ipa	ipa	PROPN
ajeer-229	429	19	)	)	PUNCT
ajeer-229	429	20	.	.	PUNCT
ajeer-229	430	1	journal	journal	PROPN
ajeer-229	430	2	of	of	ADP
ajeer-229	430	3	tourism	tourism	NOUN
ajeer-229	430	4	and	and	CCONJ
ajeer-229	430	5	hospitality	hospitality	NOUN
ajeer-229	430	6	management	management	NOUN
ajeer-229	430	7	,	,	PUNCT
ajeer-229	430	8	1(2	1(2	NUM
ajeer-229	430	9	):	):	PUNCT
ajeer-229	430	10	95	95	NUM
ajeer-229	430	11	-	-	SYM
ajeer-229	430	12	102	102	NUM
ajeer-229	430	13	.	.	PUNCT
ajeer-229	431	1	view	view	NOUN
ajeer-229	431	2	at	at	ADP
ajeer-229	431	3	publisher	publisher	NOUN
ajeer-229	431	4	https://scholar.google.com/scholar?hl=en&q=the%20exposure%20of%20long-term%20foreign%20currency%20bonds	https://scholar.google.com/scholar?hl=en&q=the%20exposure%20of%20long-term%20foreign%20currency%20bond	NOUN
ajeer-229	431	5	http://dx.doi.org/0.2307/2330573	http://dx.doi.org/0.2307/2330573	PROPN
ajeer-229	431	6	https://scholar.google.com/scholar?hl=en&q=optimal%20hedging%20of%20stock%20portfolios%20against%20foreign%20exchange%20risk:%20theory%20and%20applications	https://scholar.google.com/scholar?hl=en&q=optimal%20hedging%20of%20stock%20portfolios%20against%20foreign%20exchange%20risk:%20theory%20and%20application	NOUN
ajeer-229	432	1	http://dx.doi.org/10.1016/1044-0283(92)90007-8	http://dx.doi.org/10.1016/1044-0283(92)90007-8	PROPN
ajeer-229	432	2	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20exposure%20and%20industry%20characteristics:%20evidence%20from%20canada,%20japan,%20and%20the%20usa	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20exposure%20and%20industry%20characteristics:%20evidence%20from%20canada,%20japan,%20and%20the%20usa	PROPN
ajeer-229	432	3	http://dx.doi.org/10.1016/0261-5606(93)90008-y	http://dx.doi.org/10.1016/0261-5606(93)90008-y	SYM
ajeer-229	432	4	https://scholar.google.com/scholar?hl=en&q=tourism%20expansion,%20tourism%20uncertainty%20and%20economic%20growth:%20new%20evidence%20from%20taiwan%20and%20korea	https://scholar.google.com/scholar?hl=en&q=tourism%20expansion,%20tourism%20uncertainty%20and%20economic%20growth:%20new%20evidence%20from%20taiwan%20and%20korea	NOUN
ajeer-229	432	5	http://dx.doi.org/10.1016/j.tourman.2008.12.013	http://dx.doi.org/10.1016/j.tourman.2008.12.013	PROPN
ajeer-229	432	6	https://scholar.google.com/scholar?hl=en&q=discovering%20optimal%20tourist%20market%20mixes	https://scholar.google.com/scholar?hl=en&q=discovering%20optimal%20tourist%20market%20mixes	PROPN
ajeer-229	432	7	https://scholar.google.com/scholar?hl=en&q=discovering%20optimal%20tourist%20market%20mixes	https://scholar.google.com/scholar?hl=en&q=discovering%20optimal%20tourist%20market%20mixe	NOUN
ajeer-229	432	8	http://dx.doi.org/10.1177/0047287510385464	http://dx.doi.org/10.1177/0047287510385464	ADV
ajeer-229	432	9	https://scholar.google.com/scholar?hl=en&q=the%20theory%20of%20the%20trading%20firm%20revisited	https://scholar.google.com/scholar?hl=en&q=the%20theory%20of%20the%20trading%20firm%20revisite	VERB
ajeer-229	432	10	http://dx.doi.org/10.1111/j.1540-6261.1978.tb02041.x	http://dx.doi.org/10.1111/j.1540-6261.1978.tb02041.x	NOUN
ajeer-229	432	11	https://scholar.google.com/scholar?hl=en&q=common%20risk%20factors%20in%20the%20returns%20on%20stocks%20and%20bonds	https://scholar.google.com/scholar?hl=en&q=common%20risk%20factors%20in%20the%20returns%20on%20stocks%20and%20bond	NOUN
ajeer-229	432	12	http://dx.doi.org/10.1016/0304-405x(93)90023-5	http://dx.doi.org/10.1016/0304-405x(93)90023-5	NOUN
ajeer-229	432	13	https://scholar.google.com/scholar?hl=en&q=size%20and%20book-to-market%20factors%20in%20earnings%20and%20returns	https://scholar.google.com/scholar?hl=en&q=size%20and%20book-to-market%20factors%20in%20earnings%20and%20return	NOUN
ajeer-229	432	14	https://scholar.google.com/scholar?hl=en&q=size%20and%20book-to-market%20factors%20in%20earnings%20and%20returns	https://scholar.google.com/scholar?hl=en&q=size%20and%20book-to-market%20factors%20in%20earnings%20and%20return	NOUN
ajeer-229	432	15	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05169.x	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05169.x	PROPN
ajeer-229	433	1	http://dx.doi.org/10.17265/2328-2169/2013.11.005	http://dx.doi.org/10.17265/2328-2169/2013.11.005	PROPN
ajeer-229	433	2	asian	asian	ADJ
ajeer-229	433	3	journal	journal	NOUN
ajeer-229	433	4	of	of	ADP
ajeer-229	433	5	economics	economic	NOUN
ajeer-229	433	6	and	and	CCONJ
ajeer-229	433	7	empirical	empirical	ADJ
ajeer-229	433	8	research	research	NOUN
ajeer-229	433	9	,	,	PUNCT
ajeer-229	433	10	2017	2017	NUM
ajeer-229	433	11	,	,	PUNCT
ajeer-229	433	12	4(1	4(1	NOUN
ajeer-229	433	13	):	):	PUNCT
ajeer-229	433	14	32	32	NUM
ajeer-229	433	15	-	-	SYM
ajeer-229	433	16	48	48	NUM
ajeer-229	433	17	48	48	NUM
ajeer-229	433	18	he	he	PRON
ajeer-229	433	19	,	,	PUNCT
ajeer-229	433	20	j.	j.	PROPN
ajeer-229	433	21	and	and	CCONJ
ajeer-229	433	22	l.k	l.k	PROPN
ajeer-229	433	23	.	.	PROPN
ajeer-229	433	24	ng	ng	PROPN
ajeer-229	433	25	,	,	PUNCT
ajeer-229	433	26	1998	1998	NUM
ajeer-229	433	27	.	.	PUNCT
ajeer-229	434	1	the	the	DET
ajeer-229	434	2	foreign	foreign	ADJ
ajeer-229	434	3	exchange	exchange	NOUN
ajeer-229	434	4	exposure	exposure	NOUN
ajeer-229	434	5	of	of	ADP
ajeer-229	434	6	japanese	japanese	ADJ
ajeer-229	434	7	multinational	multinational	ADJ
ajeer-229	434	8	corporations	corporation	NOUN
ajeer-229	434	9	.	.	PUNCT
ajeer-229	435	1	journal	journal	PROPN
ajeer-229	435	2	of	of	ADP
ajeer-229	435	3	finance	finance	NOUN
ajeer-229	435	4	,	,	PUNCT
ajeer-229	435	5	53(2	53(2	NUM
ajeer-229	435	6	):	):	PUNCT
ajeer-229	435	7	733	733	NUM
ajeer-229	435	8	-	-	SYM
ajeer-229	435	9	753	753	NUM
ajeer-229	435	10	.	.	PUNCT
ajeer-229	436	1	view	view	NOUN
ajeer-229	436	2	at	at	ADP
ajeer-229	436	3	google	google	PROPN
ajeer-229	436	4	scholar	scholar	NOUN
ajeer-229	436	5	|	|	ADV
ajeer-229	436	6	view	view	NOUN
ajeer-229	436	7	at	at	ADP
ajeer-229	436	8	publisher	publisher	NOUN
ajeer-229	436	9	hodder	hodder	NOUN
ajeer-229	436	10	,	,	PUNCT
ajeer-229	436	11	j.	j.	PROPN
ajeer-229	436	12	,	,	PUNCT
ajeer-229	436	13	1982	1982	NUM
ajeer-229	436	14	.	.	PUNCT
ajeer-229	437	1	exposure	exposure	NOUN
ajeer-229	437	2	to	to	PART
ajeer-229	437	3	exchange	exchange	VERB
ajeer-229	437	4	rate	rate	NOUN
ajeer-229	437	5	movements	movement	NOUN
ajeer-229	437	6	.	.	PUNCT
ajeer-229	438	1	journal	journal	NOUN
ajeer-229	438	2	of	of	ADP
ajeer-229	438	3	international	international	ADJ
ajeer-229	438	4	economics	economic	NOUN
ajeer-229	438	5	,	,	PUNCT
ajeer-229	438	6	13(3	13(3	NUM
ajeer-229	438	7	-	-	SYM
ajeer-229	438	8	4	4	NUM
ajeer-229	438	9	):	):	PUNCT
ajeer-229	438	10	375	375	NUM
ajeer-229	438	11	-	-	SYM
ajeer-229	438	12	386	386	NUM
ajeer-229	438	13	.	.	PUNCT
ajeer-229	439	1	view	view	NOUN
ajeer-229	439	2	at	at	ADP
ajeer-229	439	3	google	google	PROPN
ajeer-229	439	4	scholar	scholar	NOUN
ajeer-229	439	5	|	|	ADV
ajeer-229	439	6	view	view	NOUN
ajeer-229	439	7	at	at	ADP
ajeer-229	439	8	publisher	publisher	PROPN
ajeer-229	439	9	huang	huang	PROPN
ajeer-229	439	10	,	,	PUNCT
ajeer-229	439	11	c.f	c.f	PROPN
ajeer-229	439	12	.	.	PROPN
ajeer-229	439	13	and	and	CCONJ
ajeer-229	439	14	r.	r.	PROPN
ajeer-229	439	15	litzenberger	litzenberger	NOUN
ajeer-229	439	16	,	,	PUNCT
ajeer-229	439	17	1988	1988	NUM
ajeer-229	439	18	.	.	PUNCT
ajeer-229	440	1	foundations	foundation	NOUN
ajeer-229	440	2	for	for	ADP
ajeer-229	440	3	financial	financial	ADJ
ajeer-229	440	4	economics	economic	NOUN
ajeer-229	440	5	.	.	PUNCT
ajeer-229	441	1	new	new	ADJ
ajeer-229	441	2	-	-	PUNCT
ajeer-229	441	3	york	york	NOUN
ajeer-229	441	4	:	:	PUNCT
ajeer-229	441	5	north	north	PROPN
ajeer-229	441	6	-	-	PUNCT
ajeer-229	441	7	holland	holland	PROPN
ajeer-229	441	8	.	.	PUNCT
ajeer-229	442	1	hurvich	hurvich	PROPN
ajeer-229	442	2	,	,	PUNCT
ajeer-229	442	3	c.m	c.m	PROPN
ajeer-229	442	4	.	.	PROPN
ajeer-229	442	5	and	and	CCONJ
ajeer-229	442	6	c.l	c.l	PROPN
ajeer-229	442	7	.	.	PROPN
ajeer-229	442	8	tsai	tsai	PROPN
ajeer-229	442	9	,	,	PUNCT
ajeer-229	442	10	1989	1989	NUM
ajeer-229	442	11	.	.	PUNCT
ajeer-229	443	1	regression	regression	NOUN
ajeer-229	443	2	and	and	CCONJ
ajeer-229	443	3	time	time	NOUN
ajeer-229	443	4	series	series	PROPN
ajeer-229	443	5	model	model	PROPN
ajeer-229	443	6	selection	selection	NOUN
ajeer-229	443	7	in	in	ADP
ajeer-229	443	8	small	small	ADJ
ajeer-229	443	9	samples	sample	NOUN
ajeer-229	443	10	.	.	PUNCT
ajeer-229	444	1	biometrika	biometrika	NOUN
ajeer-229	444	2	,	,	PUNCT
ajeer-229	444	3	76(2	76(2	NUM
ajeer-229	444	4	):	):	PUNCT
ajeer-229	444	5	297	297	NUM
ajeer-229	444	6	-	-	SYM
ajeer-229	444	7	307	307	NUM
ajeer-229	444	8	.	.	PUNCT
ajeer-229	445	1	view	view	NOUN
ajeer-229	445	2	at	at	ADP
ajeer-229	445	3	google	google	PROPN
ajeer-229	445	4	scholar	scholar	NOUN
ajeer-229	445	5	|	|	ADV
ajeer-229	445	6	view	view	NOUN
ajeer-229	445	7	at	at	ADP
ajeer-229	445	8	publisher	publisher	NOUN
ajeer-229	445	9	ikechukwu	ikechukwu	PROPN
ajeer-229	445	10	,	,	PUNCT
ajeer-229	445	11	k.	k.	PROPN
ajeer-229	445	12	,	,	PUNCT
ajeer-229	445	13	2016	2016	NUM
ajeer-229	445	14	.	.	PUNCT
ajeer-229	446	1	exchange	exchange	NOUN
ajeer-229	446	2	rate	rate	NOUN
ajeer-229	446	3	volatility	volatility	NOUN
ajeer-229	446	4	and	and	CCONJ
ajeer-229	446	5	firm	firm	ADJ
ajeer-229	446	6	performance	performance	NOUN
ajeer-229	446	7	in	in	ADP
ajeer-229	446	8	nigeria	nigeria	PROPN
ajeer-229	446	9	:	:	PUNCT
ajeer-229	446	10	a	a	DET
ajeer-229	446	11	dynamic	dynamic	ADJ
ajeer-229	446	12	panel	panel	NOUN
ajeer-229	446	13	regression	regression	NOUN
ajeer-229	446	14	approach	approach	NOUN
ajeer-229	446	15	.	.	PUNCT
ajeer-229	447	1	journal	journal	NOUN
ajeer-229	447	2	of	of	ADP
ajeer-229	447	3	developing	develop	VERB
ajeer-229	447	4	areas	area	NOUN
ajeer-229	447	5	,	,	PUNCT
ajeer-229	447	6	50(6	50(6	NUM
ajeer-229	447	7	):	):	PUNCT
ajeer-229	447	8	161	161	NUM
ajeer-229	447	9	-	-	SYM
ajeer-229	447	10	174	174	NUM
ajeer-229	447	11	.	.	PUNCT
ajeer-229	448	1	view	view	NOUN
ajeer-229	448	2	at	at	ADP
ajeer-229	448	3	google	google	PROPN
ajeer-229	448	4	scholar	scholar	NOUN
ajeer-229	448	5	|	|	ADV
ajeer-229	448	6	view	view	NOUN
ajeer-229	448	7	at	at	ADP
ajeer-229	448	8	publisher	publisher	PROPN
ajeer-229	448	9	jang	jang	PROPN
ajeer-229	448	10	,	,	PUNCT
ajeer-229	448	11	s.	s.	PROPN
ajeer-229	448	12	and	and	CCONJ
ajeer-229	448	13	m.h	m.h	PROPN
ajeer-229	448	14	.	.	PROPN
ajeer-229	448	15	chen	chen	PROPN
ajeer-229	448	16	,	,	PUNCT
ajeer-229	448	17	2008	2008	NUM
ajeer-229	448	18	.	.	PUNCT
ajeer-229	449	1	financial	financial	ADJ
ajeer-229	449	2	portfolio	portfolio	NOUN
ajeer-229	449	3	approach	approach	NOUN
ajeer-229	449	4	to	to	ADP
ajeer-229	449	5	optimal	optimal	ADJ
ajeer-229	449	6	tourist	tourist	NOUN
ajeer-229	449	7	market	market	NOUN
ajeer-229	449	8	mixes	mix	NOUN
ajeer-229	449	9	.	.	PUNCT
ajeer-229	450	1	tourism	tourism	NOUN
ajeer-229	450	2	management	management	NOUN
ajeer-229	450	3	,	,	PUNCT
ajeer-229	450	4	29(4	29(4	NOUN
ajeer-229	450	5	):	):	PUNCT
ajeer-229	450	6	761–770	761–770	NUM
ajeer-229	450	7	.	.	PUNCT
ajeer-229	451	1	view	view	NOUN
ajeer-229	451	2	at	at	ADP
ajeer-229	451	3	google	google	PROPN
ajeer-229	451	4	scholar	scholar	NOUN
ajeer-229	451	5	|	|	ADV
ajeer-229	451	6	view	view	NOUN
ajeer-229	451	7	at	at	ADP
ajeer-229	451	8	publisher	publisher	NOUN
ajeer-229	451	9	jorion	jorion	NOUN
ajeer-229	451	10	,	,	PUNCT
ajeer-229	451	11	p.	p.	NOUN
ajeer-229	451	12	,	,	PUNCT
ajeer-229	451	13	1990	1990	NUM
ajeer-229	451	14	.	.	PUNCT
ajeer-229	452	1	the	the	DET
ajeer-229	452	2	exchange	exchange	NOUN
ajeer-229	452	3	rate	rate	NOUN
ajeer-229	452	4	exposure	exposure	NOUN
ajeer-229	452	5	of	of	ADP
ajeer-229	452	6	u.s	u.s	PROPN
ajeer-229	452	7	.	.	PROPN
ajeer-229	452	8	multinationals	multinational	NOUN
ajeer-229	452	9	.	.	PUNCT
ajeer-229	453	1	journal	journal	PROPN
ajeer-229	453	2	of	of	ADP
ajeer-229	453	3	business	business	NOUN
ajeer-229	453	4	,	,	PUNCT
ajeer-229	453	5	63(3	63(3	NUM
ajeer-229	453	6	):	):	PUNCT
ajeer-229	453	7	331	331	NUM
ajeer-229	453	8	-	-	SYM
ajeer-229	453	9	345	345	NUM
ajeer-229	453	10	.	.	PUNCT
ajeer-229	454	1	view	view	NOUN
ajeer-229	454	2	at	at	ADP
ajeer-229	454	3	google	google	PROPN
ajeer-229	454	4	scholar	scholar	NOUN
ajeer-229	454	5	|	|	ADV
ajeer-229	454	6	view	view	NOUN
ajeer-229	454	7	at	at	ADP
ajeer-229	454	8	publisher	publisher	NOUN
ajeer-229	454	9	kim	kim	PROPN
ajeer-229	454	10	,	,	PUNCT
ajeer-229	454	11	h.y	h.y	PROPN
ajeer-229	454	12	.	.	PROPN
ajeer-229	454	13	,	,	PUNCT
ajeer-229	454	14	m.h	m.h	PROPN
ajeer-229	454	15	.	.	PROPN
ajeer-229	454	16	chen	chen	PROPN
ajeer-229	454	17	and	and	CCONJ
ajeer-229	454	18	s.	s.	PROPN
ajeer-229	454	19	jang	jang	PROPN
ajeer-229	454	20	,	,	PUNCT
ajeer-229	454	21	2006	2006	NUM
ajeer-229	454	22	.	.	PUNCT
ajeer-229	455	1	tourism	tourism	NOUN
ajeer-229	455	2	expansion	expansion	NOUN
ajeer-229	455	3	and	and	CCONJ
ajeer-229	455	4	economic	economic	ADJ
ajeer-229	455	5	development	development	NOUN
ajeer-229	455	6	:	:	PUNCT
ajeer-229	455	7	the	the	DET
ajeer-229	455	8	case	case	NOUN
ajeer-229	455	9	of	of	ADP
ajeer-229	455	10	taiwan	taiwan	PROPN
ajeer-229	455	11	.	.	PUNCT
ajeer-229	456	1	tourism	tourism	NOUN
ajeer-229	456	2	management	management	NOUN
ajeer-229	456	3	,	,	PUNCT
ajeer-229	456	4	27(5	27(5	PROPN
ajeer-229	456	5	):	):	PUNCT
ajeer-229	456	6	925–933	925–933	NUM
ajeer-229	456	7	.	.	PUNCT
ajeer-229	457	1	view	view	NOUN
ajeer-229	457	2	at	at	ADP
ajeer-229	457	3	publisher	publisher	NOUN
ajeer-229	457	4	kim	kim	PROPN
ajeer-229	457	5	,	,	PUNCT
ajeer-229	457	6	y.-y	y.-y	PROPN
ajeer-229	457	7	.	.	PROPN
ajeer-229	457	8	,	,	PUNCT
ajeer-229	457	9	2013	2013	NUM
ajeer-229	457	10	.	.	PUNCT
ajeer-229	458	1	optimal	optimal	ADJ
ajeer-229	458	2	foreign	foreign	ADJ
ajeer-229	458	3	exchange	exchange	NOUN
ajeer-229	458	4	risk	risk	NOUN
ajeer-229	458	5	hedging	hedging	NOUN
ajeer-229	458	6	:	:	PUNCT
ajeer-229	458	7	a	a	DET
ajeer-229	458	8	mean	mean	ADJ
ajeer-229	458	9	-	-	PUNCT
ajeer-229	458	10	variance	variance	NOUN
ajeer-229	458	11	portfolio	portfolio	NOUN
ajeer-229	458	12	approach	approach	NOUN
ajeer-229	458	13	.	.	PUNCT
ajeer-229	459	1	theoretical	theoretical	ADJ
ajeer-229	459	2	economics	economic	NOUN
ajeer-229	459	3	letters	letter	NOUN
ajeer-229	459	4	,	,	PUNCT
ajeer-229	459	5	3(1	3(1	NUM
ajeer-229	459	6	):	):	PUNCT
ajeer-229	459	7	1	1	NUM
ajeer-229	459	8	-	-	SYM
ajeer-229	459	9	6	6	NUM
ajeer-229	459	10	.	.	PUNCT
ajeer-229	459	11	view	view	NOUN
ajeer-229	459	12	at	at	ADP
ajeer-229	459	13	google	google	PROPN
ajeer-229	459	14	scholar	scholar	NOUN
ajeer-229	459	15	|	|	ADV
ajeer-229	459	16	view	view	NOUN
ajeer-229	459	17	at	at	ADP
ajeer-229	459	18	publisher	publisher	NOUN
ajeer-229	459	19	kim	kim	PROPN
ajeer-229	459	20	,	,	PUNCT
ajeer-229	459	21	y.y	y.y	PROPN
ajeer-229	459	22	.	.	PROPN
ajeer-229	459	23	,	,	PUNCT
ajeer-229	459	24	2012	2012	NUM
ajeer-229	459	25	.	.	PUNCT
ajeer-229	460	1	stationary	stationary	ADJ
ajeer-229	460	2	vector	vector	NOUN
ajeer-229	460	3	autoregressive	autoregressive	ADJ
ajeer-229	460	4	representation	representation	NOUN
ajeer-229	460	5	of	of	ADP
ajeer-229	460	6	error	error	NOUN
ajeer-229	460	7	correction	correction	NOUN
ajeer-229	460	8	models	model	NOUN
ajeer-229	460	9	.	.	PUNCT
ajeer-229	461	1	theoretical	theoretical	ADJ
ajeer-229	461	2	economics	economic	NOUN
ajeer-229	461	3	letters	letter	NOUN
ajeer-229	461	4	,	,	PUNCT
ajeer-229	461	5	2(2	2(2	NUM
ajeer-229	461	6	):	):	PUNCT
ajeer-229	461	7	152	152	NUM
ajeer-229	461	8	-	-	SYM
ajeer-229	461	9	156	156	NUM
ajeer-229	461	10	.	.	PUNCT
ajeer-229	462	1	view	view	NOUN
ajeer-229	462	2	at	at	ADP
ajeer-229	462	3	google	google	PROPN
ajeer-229	462	4	scholar	scholar	NOUN
ajeer-229	462	5	|	|	ADV
ajeer-229	462	6	view	view	NOUN
ajeer-229	462	7	at	at	ADP
ajeer-229	462	8	publisher	publisher	NOUN
ajeer-229	462	9	maloney	maloney	PROPN
ajeer-229	462	10	,	,	PUNCT
ajeer-229	462	11	p.j	p.j	PROPN
ajeer-229	462	12	.	.	PROPN
ajeer-229	462	13	,	,	PUNCT
ajeer-229	462	14	1990	1990	NUM
ajeer-229	462	15	.	.	PUNCT
ajeer-229	463	1	management	management	NOUN
ajeer-229	463	2	currency	currency	NOUN
ajeer-229	463	3	exposure	exposure	NOUN
ajeer-229	463	4	:	:	PUNCT
ajeer-229	463	5	the	the	DET
ajeer-229	463	6	case	case	NOUN
ajeer-229	463	7	of	of	ADP
ajeer-229	463	8	western	western	ADJ
ajeer-229	463	9	mining	mining	NOUN
ajeer-229	463	10	.	.	PUNCT
ajeer-229	464	1	journal	journal	PROPN
ajeer-229	464	2	of	of	ADP
ajeer-229	464	3	applied	apply	VERB
ajeer-229	464	4	corporate	corporate	ADJ
ajeer-229	464	5	finance	finance	NOUN
ajeer-229	464	6	,	,	PUNCT
ajeer-229	464	7	2(4	2(4	NUM
ajeer-229	464	8	):	):	PUNCT
ajeer-229	464	9	29	29	NUM
ajeer-229	464	10	-	-	SYM
ajeer-229	464	11	34	34	NUM
ajeer-229	464	12	.	.	PUNCT
ajeer-229	465	1	view	view	NOUN
ajeer-229	465	2	at	at	ADP
ajeer-229	465	3	google	google	PROPN
ajeer-229	465	4	scholar	scholar	NOUN
ajeer-229	465	5	|	|	ADV
ajeer-229	465	6	view	view	NOUN
ajeer-229	465	7	at	at	ADP
ajeer-229	465	8	publisher	publisher	PROPN
ajeer-229	465	9	markowitz	markowitz	PROPN
ajeer-229	465	10	,	,	PUNCT
ajeer-229	465	11	h.m	h.m	PROPN
ajeer-229	465	12	.	.	PROPN
ajeer-229	465	13	,	,	PUNCT
ajeer-229	465	14	1952	1952	NUM
ajeer-229	465	15	.	.	PUNCT
ajeer-229	466	1	portfolio	portfolio	NOUN
ajeer-229	466	2	selection	selection	NOUN
ajeer-229	466	3	.	.	PUNCT
ajeer-229	467	1	journal	journal	PROPN
ajeer-229	467	2	of	of	ADP
ajeer-229	467	3	finance	finance	NOUN
ajeer-229	467	4	,	,	PUNCT
ajeer-229	467	5	7(1	7(1	NUM
ajeer-229	467	6	):	):	PUNCT
ajeer-229	467	7	77	77	NUM
ajeer-229	467	8	-	-	SYM
ajeer-229	467	9	91	91	NUM
ajeer-229	467	10	.	.	PUNCT
ajeer-229	468	1	view	view	NOUN
ajeer-229	468	2	at	at	ADP
ajeer-229	468	3	google	google	PROPN
ajeer-229	468	4	scholar	scholar	PROPN
ajeer-229	468	5	min	min	PROPN
ajeer-229	468	6	,	,	PUNCT
ajeer-229	468	7	c.k	c.k	PROPN
ajeer-229	468	8	.	.	PROPN
ajeer-229	468	9	,	,	PUNCT
ajeer-229	468	10	2013	2013	NUM
ajeer-229	468	11	.	.	PUNCT
ajeer-229	469	1	time	time	NOUN
ajeer-229	469	2	-	-	PUNCT
ajeer-229	469	3	specific	specific	ADJ
ajeer-229	469	4	effects	effect	NOUN
ajeer-229	469	5	and	and	CCONJ
ajeer-229	469	6	a	a	DET
ajeer-229	469	7	test	test	NOUN
ajeer-229	469	8	of	of	ADP
ajeer-229	469	9	the	the	DET
ajeer-229	469	10	tourism	tourism	NOUN
ajeer-229	469	11	-	-	PUNCT
ajeer-229	469	12	led	lead	VERB
ajeer-229	469	13	growth	growth	NOUN
ajeer-229	469	14	hypothesis	hypothesis	NOUN
ajeer-229	469	15	.	.	PUNCT
ajeer-229	470	1	journal	journal	PROPN
ajeer-229	470	2	of	of	ADP
ajeer-229	470	3	tourism	tourism	NOUN
ajeer-229	470	4	and	and	CCONJ
ajeer-229	470	5	hospitality	hospitality	NOUN
ajeer-229	470	6	management	management	NOUN
ajeer-229	470	7	,	,	PUNCT
ajeer-229	470	8	1(3	1(3	NUM
ajeer-229	470	9	):	):	PUNCT
ajeer-229	470	10	133	133	NUM
ajeer-229	470	11	-	-	SYM
ajeer-229	470	12	139	139	NUM
ajeer-229	470	13	.	.	PUNCT
ajeer-229	471	1	morelli	morelli	PROPN
ajeer-229	471	2	,	,	PUNCT
ajeer-229	471	3	d.	d.	PROPN
ajeer-229	471	4	,	,	PUNCT
ajeer-229	471	5	2007	2007	NUM
ajeer-229	471	6	.	.	PUNCT
ajeer-229	472	1	beta	beta	NOUN
ajeer-229	472	2	,	,	PUNCT
ajeer-229	472	3	size	size	NOUN
ajeer-229	472	4	,	,	PUNCT
ajeer-229	472	5	book	book	NOUN
ajeer-229	472	6	-	-	PUNCT
ajeer-229	472	7	to	to	ADP
ajeer-229	472	8	-	-	PUNCT
ajeer-229	472	9	market	market	NOUN
ajeer-229	472	10	equity	equity	NOUN
ajeer-229	472	11	and	and	CCONJ
ajeer-229	472	12	returns	return	NOUN
ajeer-229	472	13	:	:	PUNCT
ajeer-229	472	14	a	a	DET
ajeer-229	472	15	study	study	NOUN
ajeer-229	472	16	based	base	VERB
ajeer-229	472	17	on	on	ADP
ajeer-229	472	18	uk	uk	PROPN
ajeer-229	472	19	data	data	PROPN
ajeer-229	472	20	.	.	PUNCT
ajeer-229	473	1	journal	journal	PROPN
ajeer-229	473	2	of	of	ADP
ajeer-229	473	3	multinational	multinational	ADJ
ajeer-229	473	4	financial	financial	ADJ
ajeer-229	473	5	management	management	NOUN
ajeer-229	473	6	,	,	PUNCT
ajeer-229	473	7	17(3	17(3	NUM
ajeer-229	473	8	):	):	PUNCT
ajeer-229	473	9	257	257	NUM
ajeer-229	473	10	-	-	SYM
ajeer-229	473	11	272	272	NUM
ajeer-229	473	12	.	.	PUNCT
ajeer-229	474	1	view	view	NOUN
ajeer-229	474	2	at	at	ADP
ajeer-229	474	3	google	google	PROPN
ajeer-229	474	4	scholar	scholar	NOUN
ajeer-229	474	5	|	|	ADV
ajeer-229	474	6	view	view	NOUN
ajeer-229	474	7	at	at	ADP
ajeer-229	474	8	publisher	publisher	NOUN
ajeer-229	475	1	oh	oh	INTJ
ajeer-229	475	2	,	,	PUNCT
ajeer-229	475	3	c.o	c.o	PROPN
ajeer-229	475	4	.	.	PROPN
ajeer-229	475	5	,	,	PUNCT
ajeer-229	475	6	2005	2005	NUM
ajeer-229	475	7	.	.	PUNCT
ajeer-229	476	1	the	the	DET
ajeer-229	476	2	contribution	contribution	NOUN
ajeer-229	476	3	of	of	ADP
ajeer-229	476	4	tourism	tourism	NOUN
ajeer-229	476	5	development	development	NOUN
ajeer-229	476	6	to	to	ADP
ajeer-229	476	7	economic	economic	ADJ
ajeer-229	476	8	growth	growth	NOUN
ajeer-229	476	9	in	in	ADP
ajeer-229	476	10	the	the	DET
ajeer-229	476	11	korean	korean	ADJ
ajeer-229	476	12	economy	economy	NOUN
ajeer-229	476	13	.	.	PUNCT
ajeer-229	477	1	tourism	tourism	NOUN
ajeer-229	477	2	management	management	NOUN
ajeer-229	477	3	,	,	PUNCT
ajeer-229	477	4	26(1	26(1	NUM
ajeer-229	477	5	):	):	PUNCT
ajeer-229	477	6	39	39	NUM
ajeer-229	477	7	-	-	SYM
ajeer-229	477	8	44	44	NUM
ajeer-229	477	9	.	.	PUNCT
ajeer-229	478	1	view	view	NOUN
ajeer-229	478	2	at	at	ADP
ajeer-229	478	3	google	google	PROPN
ajeer-229	478	4	scholar	scholar	NOUN
ajeer-229	478	5	|	|	ADV
ajeer-229	478	6	view	view	NOUN
ajeer-229	478	7	at	at	ADP
ajeer-229	478	8	publisher	publisher	NOUN
ajeer-229	478	9	patro	patro	PROPN
ajeer-229	478	10	,	,	PUNCT
ajeer-229	478	11	d.k	d.k	PROPN
ajeer-229	478	12	.	.	PROPN
ajeer-229	478	13	,	,	PUNCT
ajeer-229	478	14	j.k	j.k	PROPN
ajeer-229	478	15	.	.	PROPN
ajeer-229	478	16	wald	wald	PROPN
ajeer-229	478	17	and	and	CCONJ
ajeer-229	478	18	y.	y.	PROPN
ajeer-229	478	19	wu	wu	PROPN
ajeer-229	478	20	,	,	PUNCT
ajeer-229	478	21	2002	2002	NUM
ajeer-229	478	22	.	.	PUNCT
ajeer-229	479	1	explaining	explain	VERB
ajeer-229	479	2	exchange	exchange	NOUN
ajeer-229	479	3	rate	rate	NOUN
ajeer-229	479	4	risk	risk	NOUN
ajeer-229	479	5	in	in	ADP
ajeer-229	479	6	world	world	NOUN
ajeer-229	479	7	stock	stock	NOUN
ajeer-229	479	8	markets	market	NOUN
ajeer-229	479	9	:	:	PUNCT
ajeer-229	479	10	a	a	DET
ajeer-229	479	11	panel	panel	NOUN
ajeer-229	479	12	approach	approach	NOUN
ajeer-229	479	13	.	.	PUNCT
ajeer-229	480	1	journal	journal	NOUN
ajeer-229	480	2	of	of	ADP
ajeer-229	480	3	banking	banking	NOUN
ajeer-229	480	4	&	&	CCONJ
ajeer-229	480	5	finance	finance	PROPN
ajeer-229	480	6	,	,	PUNCT
ajeer-229	480	7	26(10	26(10	NUM
ajeer-229	480	8	):	):	PUNCT
ajeer-229	480	9	1951	1951	NUM
ajeer-229	480	10	-	-	SYM
ajeer-229	480	11	1972	1972	NUM
ajeer-229	480	12	.	.	PUNCT
ajeer-229	481	1	view	view	NOUN
ajeer-229	481	2	at	at	ADP
ajeer-229	481	3	google	google	PROPN
ajeer-229	481	4	scholar	scholar	NOUN
ajeer-229	481	5	|	|	ADV
ajeer-229	481	6	view	view	NOUN
ajeer-229	481	7	at	at	ADP
ajeer-229	481	8	publisher	publisher	NOUN
ajeer-229	481	9	polodoo	polodoo	VERB
ajeer-229	481	10	,	,	PUNCT
ajeer-229	481	11	v.	v.	PROPN
ajeer-229	481	12	,	,	PUNCT
ajeer-229	481	13	b.	b.	PROPN
ajeer-229	481	14	seetanah	seetanah	PROPN
ajeer-229	481	15	and	and	CCONJ
ajeer-229	481	16	r.b	r.b	PROPN
ajeer-229	481	17	.	.	PROPN
ajeer-229	481	18	sannassee	sannassee	PROPN
ajeer-229	481	19	,	,	PUNCT
ajeer-229	481	20	2016	2016	NUM
ajeer-229	481	21	.	.	PUNCT
ajeer-229	482	1	exchange	exchange	NOUN
ajeer-229	482	2	rate	rate	NOUN
ajeer-229	482	3	volatility	volatility	NOUN
ajeer-229	482	4	and	and	CCONJ
ajeer-229	482	5	manufacturing	manufacturing	NOUN
ajeer-229	482	6	trade	trade	NOUN
ajeer-229	482	7	:	:	PUNCT
ajeer-229	482	8	evidence	evidence	NOUN
ajeer-229	482	9	from	from	ADP
ajeer-229	482	10	africa	africa	PROPN
ajeer-229	482	11	.	.	PUNCT
ajeer-229	483	1	journal	journal	PROPN
ajeer-229	483	2	of	of	ADP
ajeer-229	483	3	developing	develop	VERB
ajeer-229	483	4	areas	area	NOUN
ajeer-229	483	5	,	,	PUNCT
ajeer-229	483	6	50(6	50(6	NUM
ajeer-229	483	7	):	):	PUNCT
ajeer-229	483	8	133	133	NUM
ajeer-229	483	9	-	-	SYM
ajeer-229	483	10	148	148	NUM
ajeer-229	483	11	.	.	PUNCT
ajeer-229	484	1	view	view	NOUN
ajeer-229	484	2	at	at	ADP
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ajeer-229	484	5	|	|	ADV
ajeer-229	484	6	view	view	NOUN
ajeer-229	484	7	at	at	ADP
ajeer-229	484	8	publisher	publisher	NOUN
ajeer-229	484	9	portnov	portnov	NOUN
ajeer-229	484	10	,	,	PUNCT
ajeer-229	484	11	b.a	b.a	PROPN
ajeer-229	484	12	.	.	PROPN
ajeer-229	484	13	and	and	CCONJ
ajeer-229	484	14	w.	w.	PROPN
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ajeer-229	484	18	.	.	PUNCT
ajeer-229	485	1	investigating	investigate	VERB
ajeer-229	485	2	the	the	DET
ajeer-229	485	3	effect	effect	NOUN
ajeer-229	485	4	of	of	ADP
ajeer-229	485	5	global	global	ADJ
ajeer-229	485	6	economic	economic	ADJ
ajeer-229	485	7	crisis	crisis	NOUN
ajeer-229	485	8	on	on	ADP
ajeer-229	485	9	foreign	foreign	ADJ
ajeer-229	485	10	tourism	tourism	NOUN
ajeer-229	485	11	to	to	ADP
ajeer-229	485	12	taiwan	taiwan	PROPN
ajeer-229	485	13	.	.	PUNCT
ajeer-229	486	1	journal	journal	PROPN
ajeer-229	486	2	of	of	ADP
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ajeer-229	486	4	and	and	CCONJ
ajeer-229	486	5	hospitality	hospitality	NOUN
ajeer-229	486	6	management	management	NOUN
ajeer-229	486	7	,	,	PUNCT
ajeer-229	486	8	1(3	1(3	NUM
ajeer-229	486	9	):	):	PUNCT
ajeer-229	486	10	113	113	NUM
ajeer-229	486	11	-	-	SYM
ajeer-229	486	12	132	132	NUM
ajeer-229	486	13	.	.	PUNCT
ajeer-229	487	1	pritamani	pritamani	PROPN
ajeer-229	487	2	,	,	PUNCT
ajeer-229	487	3	m.	m.	NOUN
ajeer-229	487	4	,	,	PUNCT
ajeer-229	487	5	d.	d.	PROPN
ajeer-229	487	6	shome	shome	PROPN
ajeer-229	487	7	and	and	CCONJ
ajeer-229	487	8	v.	v.	ADP
ajeer-229	487	9	singal	singal	NOUN
ajeer-229	487	10	,	,	PUNCT
ajeer-229	487	11	2005	2005	NUM
ajeer-229	487	12	.	.	PUNCT
ajeer-229	488	1	exchange	exchange	NOUN
ajeer-229	488	2	rate	rate	NOUN
ajeer-229	488	3	exposure	exposure	NOUN
ajeer-229	488	4	of	of	ADP
ajeer-229	488	5	exporting	export	VERB
ajeer-229	488	6	and	and	CCONJ
ajeer-229	488	7	importing	import	VERB
ajeer-229	488	8	firms	firm	NOUN
ajeer-229	488	9	.	.	PUNCT
ajeer-229	489	1	journal	journal	NOUN
ajeer-229	489	2	of	of	ADP
ajeer-229	489	3	applied	apply	VERB
ajeer-229	489	4	corporate	corporate	ADJ
ajeer-229	489	5	finance	finance	NOUN
ajeer-229	489	6	,	,	PUNCT
ajeer-229	489	7	17(3	17(3	NUM
ajeer-229	489	8	):	):	PUNCT
ajeer-229	489	9	87	87	NUM
ajeer-229	489	10	-	-	SYM
ajeer-229	489	11	94	94	NUM
ajeer-229	489	12	.	.	PUNCT
ajeer-229	490	1	view	view	NOUN
ajeer-229	490	2	at	at	ADP
ajeer-229	490	3	google	google	PROPN
ajeer-229	490	4	scholar	scholar	NOUN
ajeer-229	490	5	|	|	ADV
ajeer-229	490	6	view	view	NOUN
ajeer-229	490	7	at	at	ADP
ajeer-229	490	8	publisher	publisher	PROPN
ajeer-229	490	9	scheel	scheel	PROPN
ajeer-229	490	10	,	,	PUNCT
ajeer-229	490	11	w.c	w.c	PROPN
ajeer-229	490	12	.	.	PROPN
ajeer-229	490	13	,	,	PUNCT
ajeer-229	490	14	1978	1978	NUM
ajeer-229	490	15	.	.	PUNCT
ajeer-229	491	1	comparisons	comparison	NOUN
ajeer-229	491	2	of	of	ADP
ajeer-229	491	3	riskiness	riskiness	NOUN
ajeer-229	491	4	as	as	SCONJ
ajeer-229	491	5	measured	measure	VERB
ajeer-229	491	6	by	by	ADP
ajeer-229	491	7	the	the	DET
ajeer-229	491	8	coefficient	coefficient	NOUN
ajeer-229	491	9	of	of	ADP
ajeer-229	491	10	variation	variation	NOUN
ajeer-229	491	11	.	.	PUNCT
ajeer-229	492	1	journal	journal	NOUN
ajeer-229	492	2	of	of	ADP
ajeer-229	492	3	risk	risk	NOUN
ajeer-229	492	4	and	and	CCONJ
ajeer-229	492	5	insurance	insurance	NOUN
ajeer-229	492	6	,	,	PUNCT
ajeer-229	492	7	45(1	45(1	NOUN
ajeer-229	492	8	):	):	PUNCT
ajeer-229	492	9	148	148	NUM
ajeer-229	492	10	-	-	SYM
ajeer-229	492	11	152	152	NUM
ajeer-229	492	12	.	.	PUNCT
ajeer-229	493	1	view	view	NOUN
ajeer-229	493	2	at	at	ADP
ajeer-229	493	3	google	google	PROPN
ajeer-229	493	4	scholar	scholar	NOUN
ajeer-229	493	5	|	|	ADV
ajeer-229	493	6	view	view	NOUN
ajeer-229	493	7	at	at	ADP
ajeer-229	493	8	publisher	publisher	PROPN
ajeer-229	493	9	sharpe	sharpe	PROPN
ajeer-229	493	10	,	,	PUNCT
ajeer-229	493	11	w.f	w.f	PROPN
ajeer-229	493	12	.	.	PROPN
ajeer-229	493	13	,	,	PUNCT
ajeer-229	493	14	1964	1964	NUM
ajeer-229	493	15	.	.	PUNCT
ajeer-229	494	1	capital	capital	NOUN
ajeer-229	494	2	asset	asset	NOUN
ajeer-229	494	3	pricing	pricing	NOUN
ajeer-229	494	4	:	:	PUNCT
ajeer-229	494	5	a	a	DET
ajeer-229	494	6	theory	theory	NOUN
ajeer-229	494	7	of	of	ADP
ajeer-229	494	8	market	market	NOUN
ajeer-229	494	9	equilibrium	equilibrium	NOUN
ajeer-229	494	10	under	under	ADP
ajeer-229	494	11	conditions	condition	NOUN
ajeer-229	494	12	of	of	ADP
ajeer-229	494	13	risk	risk	NOUN
ajeer-229	494	14	.	.	PUNCT
ajeer-229	495	1	journal	journal	NOUN
ajeer-229	495	2	of	of	ADP
ajeer-229	495	3	finance	finance	NOUN
ajeer-229	495	4	,	,	PUNCT
ajeer-229	495	5	19(3	19(3	NUM
ajeer-229	495	6	):	):	PUNCT
ajeer-229	495	7	425	425	NUM
ajeer-229	495	8	-	-	SYM
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ajeer-229	495	10	.	.	PUNCT
ajeer-229	496	1	view	view	NOUN
ajeer-229	496	2	at	at	ADP
ajeer-229	496	3	google	google	PROPN
ajeer-229	496	4	scholar	scholar	NOUN
ajeer-229	496	5	|	|	ADV
ajeer-229	496	6	view	view	NOUN
ajeer-229	496	7	at	at	ADP
ajeer-229	496	8	publisher	publisher	PROPN
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ajeer-229	496	10	,	,	PUNCT
ajeer-229	496	11	c.	c.	PROPN
ajeer-229	496	12	and	and	CCONJ
ajeer-229	496	13	b.j	b.j	PROPN
ajeer-229	496	14	.	.	PROPN
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ajeer-229	496	16	,	,	PUNCT
ajeer-229	496	17	2005	2005	NUM
ajeer-229	496	18	.	.	PUNCT
ajeer-229	497	1	does	do	AUX
ajeer-229	497	2	risk	risk	NOUN
ajeer-229	497	3	management	management	NOUN
ajeer-229	497	4	add	add	VERB
ajeer-229	497	5	value	value	NOUN
ajeer-229	497	6	?	?	PUNCT
ajeer-229	498	1	a	a	DET
ajeer-229	498	2	survey	survey	NOUN
ajeer-229	498	3	of	of	ADP
ajeer-229	498	4	the	the	DET
ajeer-229	498	5	evidence	evidence	NOUN
ajeer-229	498	6	.	.	PUNCT
ajeer-229	499	1	journal	journal	NOUN
ajeer-229	499	2	of	of	ADP
ajeer-229	499	3	applied	apply	VERB
ajeer-229	499	4	corporate	corporate	ADJ
ajeer-229	499	5	finance	finance	NOUN
ajeer-229	499	6	,	,	PUNCT
ajeer-229	499	7	17(3	17(3	NUM
ajeer-229	499	8	):	):	PUNCT
ajeer-229	499	9	8	8	NUM
ajeer-229	499	10	-	-	SYM
ajeer-229	499	11	17	17	NUM
ajeer-229	499	12	.	.	PUNCT
ajeer-229	500	1	view	view	NOUN
ajeer-229	500	2	at	at	ADP
ajeer-229	500	3	google	google	PROPN
ajeer-229	500	4	scholar	scholar	NOUN
ajeer-229	500	5	|	|	ADV
ajeer-229	500	6	view	view	NOUN
ajeer-229	500	7	at	at	ADP
ajeer-229	500	8	publisher	publisher	PROPN
ajeer-229	500	9	tsay	tsay	PROPN
ajeer-229	500	10	,	,	PUNCT
ajeer-229	500	11	r.s	r.s	PROPN
ajeer-229	500	12	.	.	PROPN
ajeer-229	500	13	,	,	PUNCT
ajeer-229	500	14	2005	2005	NUM
ajeer-229	500	15	.	.	PUNCT
ajeer-229	501	1	analysis	analysis	NOUN
ajeer-229	501	2	of	of	ADP
ajeer-229	501	3	financial	financial	ADJ
ajeer-229	501	4	time	time	NOUN
ajeer-229	501	5	series	series	NOUN
ajeer-229	501	6	.	.	PUNCT
ajeer-229	502	1	2nd	2nd	ADJ
ajeer-229	502	2	ed	ed	NOUN
ajeer-229	502	3	.	.	PROPN
ajeer-229	502	4	,	,	PUNCT
ajeer-229	502	5	chapter	chapter	NOUN
ajeer-229	502	6	2	2	NUM
ajeer-229	502	7	:	:	PUNCT
ajeer-229	502	8	liner	liner	NOUN
ajeer-229	502	9	time	time	NOUN
ajeer-229	502	10	series	series	PROPN
ajeer-229	502	11	analysis	analysis	NOUN
ajeer-229	502	12	and	and	CCONJ
ajeer-229	502	13	its	its	PRON
ajeer-229	502	14	applications	application	NOUN
ajeer-229	502	15	.	.	PUNCT
ajeer-229	503	1	john	john	PROPN
ajeer-229	503	2	wiley	wiley	PROPN
ajeer-229	503	3	&	&	CCONJ
ajeer-229	503	4	sons	sons	PROPN
ajeer-229	503	5	,	,	PUNCT
ajeer-229	503	6	inc	inc	PROPN
ajeer-229	503	7	.	.	PROPN
ajeer-229	504	1	pp	pp	ADP
ajeer-229	504	2	:	:	PUNCT
ajeer-229	504	3	24	24	NUM
ajeer-229	504	4	-	-	SYM
ajeer-229	504	5	96	96	NUM
ajeer-229	504	6	.	.	PUNCT
ajeer-229	505	1	wei	wei	PROPN
ajeer-229	505	2	,	,	PUNCT
ajeer-229	505	3	w.w.s	w.w.s	NOUN
ajeer-229	505	4	.	.	PROPN
ajeer-229	505	5	,	,	PUNCT
ajeer-229	505	6	2006	2006	NUM
ajeer-229	505	7	.	.	PUNCT
ajeer-229	506	1	time	time	NOUN
ajeer-229	506	2	series	series	PROPN
ajeer-229	506	3	analysis	analysis	NOUN
ajeer-229	506	4	:	:	PUNCT
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ajeer-229	506	6	and	and	CCONJ
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ajeer-229	506	8	methods	method	NOUN
ajeer-229	506	9	.	.	PUNCT
ajeer-229	507	1	2nd	2nd	ADJ
ajeer-229	507	2	ed	ed	NOUN
ajeer-229	507	3	.	.	PROPN
ajeer-229	507	4	,	,	PUNCT
ajeer-229	507	5	chapter	chapter	NOUN
ajeer-229	507	6	4	4	NUM
ajeer-229	507	7	:	:	PUNCT
ajeer-229	507	8	nonstationary	nonstationary	ADJ
ajeer-229	507	9	time	time	NOUN
ajeer-229	507	10	series	series	PROPN
ajeer-229	507	11	models	model	NOUN
ajeer-229	507	12	,	,	PUNCT
ajeer-229	507	13	addison	addison	PROPN
ajeer-229	507	14	-	-	PUNCT
ajeer-229	507	15	wesley	wesley	PROPN
ajeer-229	507	16	.	.	PUNCT
ajeer-229	508	1	pp	pp	ADV
ajeer-229	508	2	:	:	PUNCT
ajeer-229	508	3	68	68	NUM
ajeer-229	508	4	-	-	SYM
ajeer-229	508	5	86	86	NUM
ajeer-229	508	6	.	.	PUNCT
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ajeer-229	509	2	,	,	PUNCT
ajeer-229	509	3	s.f	s.f	PROPN
ajeer-229	509	4	.	.	PROPN
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ajeer-229	509	6	c.	c.	PROPN
ajeer-229	509	7	witt	witt	PROPN
ajeer-229	509	8	,	,	PUNCT
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ajeer-229	509	10	.	.	PUNCT
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ajeer-229	510	2	and	and	CCONJ
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ajeer-229	510	4	demand	demand	NOUN
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ajeer-229	510	7	.	.	PUNCT
ajeer-229	511	1	london	london	PROPN
ajeer-229	511	2	:	:	PUNCT
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ajeer-229	511	5	.	.	PUNCT
ajeer-229	512	1	witt	witt	PROPN
ajeer-229	512	2	,	,	PUNCT
ajeer-229	512	3	s.f	s.f	PROPN
ajeer-229	512	4	.	.	PROPN
ajeer-229	512	5	and	and	CCONJ
ajeer-229	512	6	c.	c.	PROPN
ajeer-229	512	7	witt	witt	PROPN
ajeer-229	512	8	,	,	PUNCT
ajeer-229	512	9	1995	1995	NUM
ajeer-229	512	10	.	.	PUNCT
ajeer-229	513	1	forecasting	forecast	VERB
ajeer-229	513	2	tourism	tourism	NOUN
ajeer-229	513	3	demand	demand	NOUN
ajeer-229	513	4	:	:	PUNCT
ajeer-229	513	5	a	a	DET
ajeer-229	513	6	review	review	NOUN
ajeer-229	513	7	of	of	ADP
ajeer-229	513	8	empirical	empirical	ADJ
ajeer-229	513	9	research	research	NOUN
ajeer-229	513	10	.	.	PUNCT
ajeer-229	514	1	international	international	ADJ
ajeer-229	514	2	journal	journal	PROPN
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ajeer-229	514	4	forecasting	forecasting	NOUN
ajeer-229	514	5	,	,	PUNCT
ajeer-229	514	6	11(3	11(3	NUM
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ajeer-229	514	8	447475	447475	NUM
ajeer-229	514	9	.	.	PUNCT
ajeer-229	515	1	view	view	NOUN
ajeer-229	515	2	at	at	ADP
ajeer-229	515	3	google	google	PROPN
ajeer-229	515	4	scholar	scholar	NOUN
ajeer-229	515	5	|	|	ADV
ajeer-229	515	6	view	view	NOUN
ajeer-229	515	7	at	at	ADP
ajeer-229	515	8	publisher	publisher	NOUN
ajeer-229	515	9	asian	asian	PROPN
ajeer-229	515	10	online	online	PROPN
ajeer-229	515	11	journal	journal	PROPN
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ajeer-229	515	13	group	group	NOUN
ajeer-229	515	14	is	be	AUX
ajeer-229	515	15	not	not	PART
ajeer-229	515	16	responsible	responsible	ADJ
ajeer-229	515	17	or	or	CCONJ
ajeer-229	515	18	answerable	answerable	ADJ
ajeer-229	515	19	for	for	ADP
ajeer-229	515	20	any	any	DET
ajeer-229	515	21	loss	loss	NOUN
ajeer-229	515	22	,	,	PUNCT
ajeer-229	515	23	damage	damage	NOUN
ajeer-229	515	24	or	or	CCONJ
ajeer-229	515	25	liability	liability	NOUN
ajeer-229	515	26	,	,	PUNCT
ajeer-229	515	27	etc	etc	X
ajeer-229	515	28	.	.	X
ajeer-229	515	29	caused	cause	VERB
ajeer-229	515	30	in	in	ADP
ajeer-229	515	31	relation	relation	NOUN
ajeer-229	515	32	to	to	PART
ajeer-229	515	33	/	/	PUNCT
ajeer-229	515	34	arising	arise	VERB
ajeer-229	515	35	out	out	ADP
ajeer-229	515	36	of	of	ADP
ajeer-229	515	37	the	the	DET
ajeer-229	515	38	use	use	NOUN
ajeer-229	515	39	of	of	ADP
ajeer-229	515	40	the	the	DET
ajeer-229	515	41	content	content	NOUN
ajeer-229	515	42	.	.	PUNCT
ajeer-229	516	1	any	any	DET
ajeer-229	516	2	queries	query	NOUN
ajeer-229	516	3	should	should	AUX
ajeer-229	516	4	be	be	AUX
ajeer-229	516	5	directed	direct	VERB
ajeer-229	516	6	to	to	ADP
ajeer-229	516	7	the	the	DET
ajeer-229	516	8	corresponding	corresponding	ADJ
ajeer-229	516	9	author	author	NOUN
ajeer-229	516	10	of	of	ADP
ajeer-229	516	11	the	the	DET
ajeer-229	516	12	article	article	NOUN
ajeer-229	516	13	.	.	PUNCT
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ajeer-229	517	2	https://scholar.google.com/scholar?hl=en&q=the%20foreign%20exchange%20exposure%20of%20japanese%20multinational%20corporations	https://scholar.google.com/scholar?hl=en&q=the%20foreign%20exchange%20exposure%20of%20japanese%20multinational%20corporation	VERB
ajeer-229	517	3	http://dx.doi.org/10.1111/0022-1082.295575	http://dx.doi.org/10.1111/0022-1082.295575	NOUN
ajeer-229	517	4	https://scholar.google.com/scholar?hl=en&q=exposure%20to%20exchange%20rate%20movements	https://scholar.google.com/scholar?hl=en&q=exposure%20to%20exchange%20rate%20movement	VERB
ajeer-229	517	5	http://dx.doi.org/10.1016/0022-1996(82)90065-4	http://dx.doi.org/10.1016/0022-1996(82)90065-4	PROPN
ajeer-229	517	6	http://dx.doi.org/10.1016/0022-1996(82)90065-4	http://dx.doi.org/10.1016/0022-1996(82)90065-4	NOUN
ajeer-229	517	7	https://scholar.google.com/scholar?hl=en&q=regression%20and%20time%20series%20model%20selection%20in%20small%20samples	https://scholar.google.com/scholar?hl=en&q=regression%20and%20time%20series%20model%20selection%20in%20small%20sample	NOUN
ajeer-229	517	8	https://scholar.google.com/scholar?hl=en&q=regression%20and%20time%20series%20model%20selection%20in%20small%20samples	https://scholar.google.com/scholar?hl=en&q=regression%20and%20time%20series%20model%20selection%20in%20small%20sample	NOUN
ajeer-229	517	9	http://dx.doi.org/10.1093/biomet/76.2.297	http://dx.doi.org/10.1093/biomet/76.2.297	PROPN
ajeer-229	517	10	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20volatility%20and%20firm%20performance%20in%20nigeria:%20a%20dynamic%20panel%20regression%20approach	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20volatility%20and%20firm%20performance%20in%20nigeria:%20a%20dynamic%20panel%20regression%20approach	PROPN
ajeer-229	517	11	http://dx.doi.org/10.1353/jda.2016.0134	http://dx.doi.org/10.1353/jda.2016.0134	PROPN
ajeer-229	517	12	https://scholar.google.com/scholar?hl=en&q=inancial%20portfolio%20approach%20to%20optimal%20tourist%20market%20mixes	https://scholar.google.com/scholar?hl=en&q=inancial%20portfolio%20approach%20to%20optimal%20tourist%20market%20mixes	AUX
ajeer-229	517	13	https://scholar.google.com/scholar?hl=en&q=inancial%20portfolio%20approach%20to%20optimal%20tourist%20market%20mixes	https://scholar.google.com/scholar?hl=en&q=inancial%20portfolio%20approach%20to%20optimal%20tourist%20market%20mixe	VERB
ajeer-229	517	14	http://dx.doi.org/10.1016/j.tourman.2007.09.003	http://dx.doi.org/10.1016/j.tourman.2007.09.003	PROPN
ajeer-229	517	15	https://scholar.google.com/scholar?hl=en&q=the%20exchange%20rate%20exposure%20of%20u.s.%20multinationals	https://scholar.google.com/scholar?hl=en&q=the%20exchange%20rate%20exposure%20of%20u.s.%20multinational	NOUN
ajeer-229	517	16	http://dx.doi.org/10.1086/296510	http://dx.doi.org/10.1086/296510	PROPN
ajeer-229	518	1	http://dx.doi.org/10.1016/j.tourman.2005.05.011	http://dx.doi.org/10.1016/j.tourman.2005.05.011	PROPN
ajeer-229	518	2	https://scholar.google.com/scholar?hl=en&q=optimal%20foreign%20exchange%20risk%20hedging:%20a%20mean-variance%20portfolio%20approach	https://scholar.google.com/scholar?hl=en&q=optimal%20foreign%20exchange%20risk%20hedging:%20a%20mean-variance%20portfolio%20approach	PROPN
ajeer-229	518	3	https://scholar.google.com/scholar?hl=en&q=optimal%20foreign%20exchange%20risk%20hedging:%20a%20mean-variance%20portfolio%20approach	https://scholar.google.com/scholar?hl=en&q=optimal%20foreign%20exchange%20risk%20hedging:%20a%20mean-variance%20portfolio%20approach	PROPN
ajeer-229	518	4	http://dx.doi.org/10.4236/tel.2013.31001	http://dx.doi.org/10.4236/tel.2013.31001	PROPN
ajeer-229	518	5	https://scholar.google.com/scholar?hl=en&q=stationary%20vector%20autoregressive%20representation%20of%20error%20correction%20models	https://scholar.google.com/scholar?hl=en&q=stationary%20vector%20autoregressive%20representation%20of%20error%20correction%20model	NOUN
ajeer-229	518	6	http://dx.doi.org/10.4236/tel.2012.22027	http://dx.doi.org/10.4236/tel.2012.22027	PRON
ajeer-229	518	7	https://scholar.google.com/scholar?hl=en&q=management%20currency%20exposure:%20the%20case%20of%20western%20mining	https://scholar.google.com/scholar?hl=en&q=management%20currency%20exposure:%20the%20case%20of%20western%20mine	VERB
ajeer-229	518	8	https://scholar.google.com/scholar?hl=en&q=management%20currency%20exposure:%20the%20case%20of%20western%20mining	https://scholar.google.com/scholar?hl=en&q=management%20currency%20exposure:%20the%20case%20of%20western%20mine	VERB
ajeer-229	518	9	http://dx.doi.org/10.1111/j.1745-6622.1990.tb00185.x	http://dx.doi.org/10.1111/j.1745-6622.1990.tb00185.x	NUM
ajeer-229	518	10	https://scholar.google.com/scholar?hl=en&q=portfolio%20selection	https://scholar.google.com/scholar?hl=en&q=portfolio%20selection	PROPN
ajeer-229	518	11	https://scholar.google.com/scholar?hl=en&q=beta,%20size,%20book-to-market%20equity%20and%20returns:%20a%20study%20based%20on%20uk%20data	https://scholar.google.com/scholar?hl=en&q=beta,%20size,%20book-to-market%20equity%20and%20returns:%20a%20study%20based%20on%20uk%20data	VERB
ajeer-229	518	12	http://dx.doi.org/10.1016/j.mulfin.2006.12.003	http://dx.doi.org/10.1016/j.mulfin.2006.12.003	PROPN
ajeer-229	518	13	https://scholar.google.com/scholar?hl=en&q=the%20contribution%20of%20tourism%20development%20to%20economic%20growth%20in%20the%20korean%20economy	https://scholar.google.com/scholar?hl=en&q=the%20contribution%20of%20tourism%20development%20to%20economic%20growth%20in%20the%20korean%20economy	NOUN
ajeer-229	518	14	http://dx.doi.org/10.1016/j.tourman.2003.09.014	http://dx.doi.org/10.1016/j.tourman.2003.09.014	PROPN
ajeer-229	518	15	https://scholar.google.com/scholar?hl=en&q=explaining%20exchange%20rate%20risk%20in%20world%20stock%20markets:%20a%20panel%20approach	https://scholar.google.com/scholar?hl=en&q=explaining%20exchange%20rate%20risk%20in%20world%20stock%20markets:%20a%20panel%20approach	VERB
ajeer-229	518	16	http://dx.doi.org/10.1016/s0378-4266(01)00178-9	http://dx.doi.org/10.1016/s0378-4266(01)00178-9	PROPN
ajeer-229	518	17	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20volatility%20and%20manufacturing%20trade:%20evidence%20from%20africa	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20volatility%20and%20manufacturing%20trade:%20evidence%20from%20africa	PROPN
ajeer-229	518	18	http://dx.doi.org/10.1353/jda.2016.0125	http://dx.doi.org/10.1353/jda.2016.0125	PRON
ajeer-229	518	19	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20exposure%20of%20exporting%20and%20importing%20firms	https://scholar.google.com/scholar?hl=en&q=exchange%20rate%20exposure%20of%20exporting%20and%20importing%20firm	VERB
ajeer-229	518	20	http://dx.doi.org/10.1111/j.1745-6622.2005.00047.x	http://dx.doi.org/10.1111/j.1745-6622.2005.00047.x	NOUN
ajeer-229	518	21	https://scholar.google.com/scholar?hl=en&q=comparisons%20of%20riskiness%20as%20measured%20by%20the%20coefficient%20of%20variation	https://scholar.google.com/scholar?hl=en&q=comparisons%20of%20riskiness%20as%20measured%20by%20the%20coefficient%20of%20variation	NOUN
ajeer-229	518	22	https://scholar.google.com/scholar?hl=en&q=comparisons%20of%20riskiness%20as%20measured%20by%20the%20coefficient%20of%20variation	https://scholar.google.com/scholar?hl=en&q=comparisons%20of%20riskiness%20as%20measured%20by%20the%20coefficient%20of%20variation	NOUN
ajeer-229	518	23	http://dx.doi.org/10.2307/251816	http://dx.doi.org/10.2307/251816	PROPN
ajeer-229	518	24	https://scholar.google.com/scholar?hl=en&q=capital%20asset%20pricing:%20a%20theory%20of%20market%20equilibrium%20under%20conditions%20of%20risk	https://scholar.google.com/scholar?hl=en&q=capital%20asset%20pricing:%20a%20theory%20of%20market%20equilibrium%20under%20conditions%20of%20risk	NOUN
ajeer-229	518	25	https://scholar.google.com/scholar?hl=en&q=capital%20asset%20pricing:%20a%20theory%20of%20market%20equilibrium%20under%20conditions%20of%20risk	https://scholar.google.com/scholar?hl=en&q=capital%20asset%20pricing:%20a%20theory%20of%20market%20equilibrium%20under%20conditions%20of%20risk	PROPN
ajeer-229	518	26	http://dx.doi.org/10.1111/j.1540-6261.1964.tb02865.x	http://dx.doi.org/10.1111/j.1540-6261.1964.tb02865.x	PROPN
ajeer-229	518	27	https://scholar.google.com/scholar?hl=en&q=does%20risk%20management%20add%20value?%20a%20survey%20of%20the%20evidence	https://scholar.google.com/scholar?hl=en&q=does%20risk%20management%20add%20value?%20a%20survey%20of%20the%20evidence	PROPN
ajeer-229	518	28	http://dx.doi.org/10.1111/j.1745-6622.2005.00042.x	http://dx.doi.org/10.1111/j.1745-6622.2005.00042.x	PROPN
ajeer-229	518	29	https://scholar.google.com/scholar?hl=en&q=forecasting%20tourism%20demand:%20a%20review%20of%20empirical%20research	https://scholar.google.com/scholar?hl=en&q=forecasting%20tourism%20demand:%20a%20review%20of%20empirical%20research	NOUN
ajeer-229	518	30	http://dx.doi.org/10.1016/0169-2070(95)00591-7	http://dx.doi.org/10.1016/0169-2070(95)00591-7	PRON