id	sid	tid	token	lemma	pos
ajeer-230	1	1	asian	asian	PROPN
ajeer-230	1	2	journal	journal	PROPN
ajeer-230	1	3	of	of	ADP
ajeer-230	1	4	economics	economic	NOUN
ajeer-230	1	5	and	and	CCONJ
ajeer-230	1	6	empirical	empirical	ADJ
ajeer-230	1	7	research	research	NOUN
ajeer-230	1	8	vol	vol	NOUN
ajeer-230	1	9	.	.	PROPN
ajeer-230	2	1	4	4	NUM
ajeer-230	2	2	,	,	PUNCT
ajeer-230	2	3	no	no	INTJ
ajeer-230	2	4	.	.	NOUN
ajeer-230	2	5	2	2	NUM
ajeer-230	2	6	,	,	PUNCT
ajeer-230	2	7	49	49	NUM
ajeer-230	2	8	-	-	SYM
ajeer-230	2	9	60	60	NUM
ajeer-230	2	10	,	,	PUNCT
ajeer-230	2	11	2017	2017	NUM
ajeer-230	2	12	issn(e	issn(e	NOUN
ajeer-230	2	13	)	)	PUNCT
ajeer-230	2	14	2409	2409	NUM
ajeer-230	2	15	-	-	SYM
ajeer-230	2	16	2622/	2622/	NUM
ajeer-230	2	17	issn(p	issn(p	NOUN
ajeer-230	2	18	)	)	PUNCT
ajeer-230	2	19	2518	2518	NUM
ajeer-230	2	20	-	-	PUNCT
ajeer-230	2	21	010x	010x	ADJ
ajeer-230	2	22	doi	doi	NOUN
ajeer-230	2	23	:	:	PUNCT
ajeer-230	2	24	10.20448	10.20448	NUM
ajeer-230	2	25	/	/	SYM
ajeer-230	2	26	journal.501.2017.42.49.60	journal.501.2017.42.49.60	PROPN
ajeer-230	2	27	49	49	NUM
ajeer-230	2	28	determinants	determinant	NOUN
ajeer-230	2	29	of	of	ADP
ajeer-230	2	30	technical	technical	ADJ
ajeer-230	2	31	inefficiency	inefficiency	NOUN
ajeer-230	2	32	of	of	ADP
ajeer-230	2	33	saccos	saccos	PROPN
ajeer-230	2	34	in	in	ADP
ajeer-230	2	35	kenya	kenya	PROPN
ajeer-230	2	36	:	:	PUNCT
ajeer-230	2	37	a	a	DET
ajeer-230	2	38	net	net	ADJ
ajeer-230	2	39	operating	operate	VERB
ajeer-230	2	40	cash	cash	NOUN
ajeer-230	2	41	flows	flow	VERB
ajeer-230	2	42	output	output	NOUN
ajeer-230	2	43	slack	slack	NOUN
ajeer-230	2	44	analysis	analysis	NOUN
ajeer-230	2	45	leonard	leonard	PROPN
ajeer-230	2	46	rang’ala	rang’ala	VERB
ajeer-230	2	47	lari1	lari1	PROPN
ajeer-230	2	48			PROPN
ajeer-230	2	49	philip	philip	PROPN
ajeer-230	2	50	mulama	mulama	PROPN
ajeer-230	2	51	nyangweso2	nyangweso2	PROPN
ajeer-230	2	52	lucy	lucy	PROPN
ajeer-230	2	53	jepchoge	jepchoge	PROPN
ajeer-230	2	54	rono3	rono3	NOUN
ajeer-230	2	55	(	(	PUNCT
ajeer-230	2	56			PROPN
ajeer-230	2	57	corresponding	correspond	VERB
ajeer-230	2	58	author	author	NOUN
ajeer-230	2	59	)	)	PUNCT
ajeer-230	2	60	1,2,3school	1,2,3school	NUM
ajeer-230	2	61	of	of	ADP
ajeer-230	2	62	business	business	NOUN
ajeer-230	2	63	and	and	CCONJ
ajeer-230	2	64	economics	economic	NOUN
ajeer-230	2	65	,	,	PUNCT
ajeer-230	2	66	moi	moi	PROPN
ajeer-230	2	67	university	university	PROPN
ajeer-230	2	68	-	-	PUNCT
ajeer-230	2	69	kenya	kenya	PROPN
ajeer-230	2	70	abstract	abstract	ADJ
ajeer-230	2	71	purpose	purpose	NOUN
ajeer-230	2	72	:	:	PUNCT
ajeer-230	2	73	the	the	DET
ajeer-230	2	74	purpose	purpose	NOUN
ajeer-230	2	75	of	of	ADP
ajeer-230	2	76	this	this	DET
ajeer-230	2	77	study	study	NOUN
ajeer-230	2	78	was	be	AUX
ajeer-230	2	79	to	to	PART
ajeer-230	2	80	evaluate	evaluate	VERB
ajeer-230	2	81	the	the	DET
ajeer-230	2	82	determinants	determinant	NOUN
ajeer-230	2	83	of	of	ADP
ajeer-230	2	84	technical	technical	ADJ
ajeer-230	2	85	inefficiency	inefficiency	NOUN
ajeer-230	2	86	of	of	ADP
ajeer-230	2	87	saccos	saccos	PROPN
ajeer-230	2	88	in	in	ADP
ajeer-230	2	89	kenya	kenya	PROPN
ajeer-230	2	90	.	.	PUNCT
ajeer-230	3	1	methodology	methodology	NOUN
ajeer-230	3	2	:	:	PUNCT
ajeer-230	3	3	the	the	DET
ajeer-230	3	4	explanatory	explanatory	ADJ
ajeer-230	3	5	research	research	NOUN
ajeer-230	3	6	design	design	NOUN
ajeer-230	3	7	was	be	AUX
ajeer-230	3	8	utilized	utilize	VERB
ajeer-230	3	9	.	.	PUNCT
ajeer-230	4	1	the	the	DET
ajeer-230	4	2	financial	financial	ADJ
ajeer-230	4	3	statements	statement	NOUN
ajeer-230	4	4	data	datum	NOUN
ajeer-230	4	5	was	be	AUX
ajeer-230	4	6	collected	collect	VERB
ajeer-230	4	7	from	from	ADP
ajeer-230	4	8	a	a	DET
ajeer-230	4	9	census	census	NOUN
ajeer-230	4	10	of	of	ADP
ajeer-230	4	11	46	46	NUM
ajeer-230	4	12	audited	audit	VERB
ajeer-230	4	13	deposit	deposit	NOUN
ajeer-230	4	14	taking	take	VERB
ajeer-230	4	15	saccos	sacco	NOUN
ajeer-230	4	16	and	and	CCONJ
ajeer-230	4	17	methods	method	NOUN
ajeer-230	4	18	used	use	VERB
ajeer-230	4	19	included	include	VERB
ajeer-230	4	20	estimation	estimation	NOUN
ajeer-230	4	21	of	of	ADP
ajeer-230	4	22	technical	technical	ADJ
ajeer-230	4	23	inefficiency	inefficiency	NOUN
ajeer-230	4	24	by	by	ADP
ajeer-230	4	25	employing	employ	VERB
ajeer-230	4	26	a	a	DET
ajeer-230	4	27	non	non	ADJ
ajeer-230	4	28	-	-	ADJ
ajeer-230	4	29	parametric	parametric	ADJ
ajeer-230	4	30	dea	dea	PROPN
ajeer-230	4	31	method	method	NOUN
ajeer-230	4	32	while	while	SCONJ
ajeer-230	4	33	the	the	DET
ajeer-230	4	34	second	second	ADJ
ajeer-230	4	35	step	step	NOUN
ajeer-230	4	36	concerned	concerned	ADJ
ajeer-230	4	37	determination	determination	NOUN
ajeer-230	4	38	of	of	ADP
ajeer-230	4	39	inefficiency	inefficiency	NOUN
ajeer-230	4	40	using	use	VERB
ajeer-230	4	41	parametric	parametric	ADJ
ajeer-230	4	42	sfa	sfa	PROPN
ajeer-230	4	43	.	.	PUNCT
ajeer-230	5	1	the	the	DET
ajeer-230	5	2	log	log	NOUN
ajeer-230	5	3	truncated	truncate	VERB
ajeer-230	5	4	panel	panel	NOUN
ajeer-230	5	5	data	datum	NOUN
ajeer-230	5	6	was	be	AUX
ajeer-230	5	7	used	use	VERB
ajeer-230	5	8	for	for	ADP
ajeer-230	5	9	a	a	DET
ajeer-230	5	10	period	period	NOUN
ajeer-230	5	11	of	of	ADP
ajeer-230	5	12	8	8	NUM
ajeer-230	5	13	years	year	NOUN
ajeer-230	5	14	(	(	PUNCT
ajeer-230	5	15	2007	2007	NUM
ajeer-230	5	16	-	-	SYM
ajeer-230	5	17	2014	2014	NUM
ajeer-230	5	18	)	)	PUNCT
ajeer-230	5	19	.	.	PUNCT
ajeer-230	6	1	result	result	VERB
ajeer-230	6	2	:	:	PUNCT
ajeer-230	6	3	all	all	DET
ajeer-230	6	4	the	the	DET
ajeer-230	6	5	predictors	predictor	NOUN
ajeer-230	6	6	jointly	jointly	ADV
ajeer-230	6	7	influence	influence	VERB
ajeer-230	6	8	inefficiency	inefficiency	NOUN
ajeer-230	6	9	and	and	CCONJ
ajeer-230	6	10	are	be	AUX
ajeer-230	6	11	significant	significant	ADJ
ajeer-230	6	12	except	except	SCONJ
ajeer-230	6	13	for	for	ADP
ajeer-230	6	14	prime	prime	ADJ
ajeer-230	6	15	regressors	regressor	NOUN
ajeer-230	6	16	given	give	VERB
ajeer-230	6	17	nocf	nocf	PROPN
ajeer-230	6	18	slack	slack	NOUN
ajeer-230	6	19	as	as	SCONJ
ajeer-230	6	20	hypothesized	hypothesize	VERB
ajeer-230	6	21	in	in	ADP
ajeer-230	6	22	agency	agency	NOUN
ajeer-230	6	23	,	,	PUNCT
ajeer-230	6	24	efficiency	efficiency	NOUN
ajeer-230	6	25	and	and	CCONJ
ajeer-230	6	26	intermediation	intermediation	NOUN
ajeer-230	6	27	theories	theory	NOUN
ajeer-230	6	28	.	.	PUNCT
ajeer-230	7	1	nocf	nocf	PROPN
ajeer-230	7	2	slack	slack	PROPN
ajeer-230	7	3	regression	regression	NOUN
ajeer-230	7	4	reflects	reflect	VERB
ajeer-230	7	5	lack	lack	NOUN
ajeer-230	7	6	of	of	ADP
ajeer-230	7	7	managerial	managerial	ADJ
ajeer-230	7	8	influence	influence	NOUN
ajeer-230	7	9	as	as	SCONJ
ajeer-230	7	10	indicated	indicate	VERB
ajeer-230	7	11	by	by	ADP
ajeer-230	7	12	gamma	gamma	NOUN
ajeer-230	7	13	(	(	PUNCT
ajeer-230	7	14	1.13e-23	1.13e-23	NUM
ajeer-230	7	15	)	)	PUNCT
ajeer-230	7	16	while	while	SCONJ
ajeer-230	7	17	dea	dea	PROPN
ajeer-230	7	18	result	result	NOUN
ajeer-230	7	19	of	of	ADP
ajeer-230	7	20	all	all	DET
ajeer-230	7	21	saccos	sacco	NOUN
ajeer-230	7	22	indicated	indicate	VERB
ajeer-230	7	23	0.976	0.976	NUM
ajeer-230	7	24	mean	mean	NOUN
ajeer-230	7	25	efficiency	efficiency	NOUN
ajeer-230	7	26	.	.	PUNCT
ajeer-230	8	1	contribution	contribution	NOUN
ajeer-230	8	2	to	to	ADP
ajeer-230	8	3	policy	policy	NOUN
ajeer-230	8	4	and	and	CCONJ
ajeer-230	8	5	practice	practice	NOUN
ajeer-230	8	6	:	:	PUNCT
ajeer-230	8	7	the	the	DET
ajeer-230	8	8	npta	npta	NOUN
ajeer-230	8	9	,	,	PUNCT
ajeer-230	8	10	ca	ca	NOUN
ajeer-230	8	11	and	and	CCONJ
ajeer-230	8	12	fi	fi	NOUN
ajeer-230	8	13	predictors	predictor	NOUN
ajeer-230	8	14	had	have	VERB
ajeer-230	8	15	significant	significant	ADJ
ajeer-230	8	16	influence	influence	NOUN
ajeer-230	8	17	on	on	ADP
ajeer-230	8	18	pure	pure	ADJ
ajeer-230	8	19	technical	technical	ADJ
ajeer-230	8	20	inefficiency	inefficiency	NOUN
ajeer-230	8	21	,	,	PUNCT
ajeer-230	8	22	thus	thus	ADV
ajeer-230	8	23	apt	apt	ADJ
ajeer-230	8	24	for	for	ADP
ajeer-230	8	25	decision	decision	NOUN
ajeer-230	8	26	making	making	NOUN
ajeer-230	8	27	.	.	PUNCT
ajeer-230	9	1	keywords	keyword	NOUN
ajeer-230	9	2	:	:	PUNCT
ajeer-230	9	3	saccos	saccos	PROPN
ajeer-230	9	4	in	in	ADP
ajeer-230	9	5	kenya	kenya	PROPN
ajeer-230	9	6	,	,	PUNCT
ajeer-230	9	7	technical	technical	ADJ
ajeer-230	9	8	inefficiency	inefficiency	NOUN
ajeer-230	9	9	,	,	PUNCT
ajeer-230	9	10	net	net	ADJ
ajeer-230	9	11	operating	operate	VERB
ajeer-230	9	12	cash	cash	NOUN
ajeer-230	9	13	flows	flow	NOUN
ajeer-230	9	14	(	(	PUNCT
ajeer-230	9	15	nocf	nocf	ADJ
ajeer-230	9	16	)	)	PUNCT
ajeer-230	9	17	output	output	NOUN
ajeer-230	9	18	slack	slack	NOUN
ajeer-230	9	19	.	.	PUNCT
ajeer-230	10	1	citation	citation	NOUN
ajeer-230	10	2	|	|	ADV
ajeer-230	10	3	leonard	leonard	PROPN
ajeer-230	10	4	rang’ala	rang’ala	PROPN
ajeer-230	10	5	lari	lari	PROPN
ajeer-230	10	6	;	;	PUNCT
ajeer-230	10	7	philip	philip	PROPN
ajeer-230	10	8	mulama	mulama	PROPN
ajeer-230	10	9	nyangweso	nyangweso	VERB
ajeer-230	10	10	;	;	PUNCT
ajeer-230	10	11	lucy	lucy	PROPN
ajeer-230	10	12	jepchoge	jepchoge	PROPN
ajeer-230	10	13	rono	rono	PROPN
ajeer-230	10	14	(	(	PUNCT
ajeer-230	10	15	2017	2017	NUM
ajeer-230	10	16	)	)	PUNCT
ajeer-230	10	17	.	.	PUNCT
ajeer-230	11	1	determinants	determinant	NOUN
ajeer-230	11	2	of	of	ADP
ajeer-230	11	3	technical	technical	ADJ
ajeer-230	11	4	inefficiency	inefficiency	NOUN
ajeer-230	11	5	of	of	ADP
ajeer-230	11	6	saccos	saccos	PROPN
ajeer-230	11	7	in	in	ADP
ajeer-230	11	8	kenya	kenya	PROPN
ajeer-230	11	9	:	:	PUNCT
ajeer-230	11	10	a	a	DET
ajeer-230	11	11	net	net	ADJ
ajeer-230	11	12	operating	operate	VERB
ajeer-230	11	13	cash	cash	NOUN
ajeer-230	11	14	flows	flow	VERB
ajeer-230	11	15	output	output	NOUN
ajeer-230	11	16	slack	slack	NOUN
ajeer-230	11	17	analysis	analysis	NOUN
ajeer-230	11	18	.	.	PUNCT
ajeer-230	12	1	asian	asian	ADJ
ajeer-230	12	2	journal	journal	PROPN
ajeer-230	12	3	of	of	ADP
ajeer-230	12	4	economics	economic	NOUN
ajeer-230	12	5	and	and	CCONJ
ajeer-230	12	6	empirical	empirical	ADJ
ajeer-230	12	7	research	research	NOUN
ajeer-230	12	8	,	,	PUNCT
ajeer-230	12	9	4(2	4(2	NUM
ajeer-230	12	10	):	):	PUNCT
ajeer-230	12	11	49	49	NUM
ajeer-230	12	12	-	-	SYM
ajeer-230	12	13	60	60	NUM
ajeer-230	12	14	.	.	PUNCT
ajeer-230	13	1	history	history	NOUN
ajeer-230	13	2	:	:	PUNCT
ajeer-230	13	3	received	receive	VERB
ajeer-230	13	4	:	:	PUNCT
ajeer-230	13	5	25	25	NUM
ajeer-230	13	6	august	august	PROPN
ajeer-230	13	7	2017	2017	NUM
ajeer-230	13	8	revised	revise	VERB
ajeer-230	13	9	:	:	PUNCT
ajeer-230	13	10	15	15	NUM
ajeer-230	13	11	september	september	PROPN
ajeer-230	13	12	2017	2017	NUM
ajeer-230	13	13	accepted	accept	VERB
ajeer-230	13	14	:	:	PUNCT
ajeer-230	13	15	21	21	NUM
ajeer-230	13	16	september	september	PROPN
ajeer-230	13	17	2017	2017	NUM
ajeer-230	13	18	published	publish	VERB
ajeer-230	13	19	:	:	PUNCT
ajeer-230	13	20	27	27	NUM
ajeer-230	13	21	september	september	PROPN
ajeer-230	13	22	2017	2017	NUM
ajeer-230	13	23	licensed	license	VERB
ajeer-230	13	24	:	:	PUNCT
ajeer-230	13	25	this	this	DET
ajeer-230	13	26	work	work	NOUN
ajeer-230	13	27	is	be	AUX
ajeer-230	13	28	licensed	license	VERB
ajeer-230	13	29	under	under	ADP
ajeer-230	13	30	a	a	DET
ajeer-230	13	31	creative	creative	ADJ
ajeer-230	13	32	commons	common	NOUN
ajeer-230	13	33	attribution	attribution	NOUN
ajeer-230	13	34	3.0	3.0	NUM
ajeer-230	13	35	license	license	NOUN
ajeer-230	13	36	publisher	publisher	NOUN
ajeer-230	13	37	:	:	PUNCT
ajeer-230	13	38	asian	asian	ADJ
ajeer-230	13	39	online	online	PROPN
ajeer-230	13	40	journal	journal	PROPN
ajeer-230	13	41	publishing	publishing	NOUN
ajeer-230	13	42	group	group	NOUN
ajeer-230	13	43	contribution	contribution	NOUN
ajeer-230	13	44	/	/	SYM
ajeer-230	13	45	acknowledgement	acknowledgement	NOUN
ajeer-230	13	46	:	:	PUNCT
ajeer-230	13	47	all	all	DET
ajeer-230	13	48	authors	author	NOUN
ajeer-230	13	49	contributed	contribute	VERB
ajeer-230	13	50	to	to	ADP
ajeer-230	13	51	the	the	DET
ajeer-230	13	52	conception	conception	NOUN
ajeer-230	13	53	and	and	CCONJ
ajeer-230	13	54	design	design	NOUN
ajeer-230	13	55	of	of	ADP
ajeer-230	13	56	the	the	DET
ajeer-230	13	57	study	study	NOUN
ajeer-230	13	58	.	.	PUNCT
ajeer-230	14	1	funding	funding	NOUN
ajeer-230	14	2	:	:	PUNCT
ajeer-230	14	3	this	this	DET
ajeer-230	14	4	study	study	NOUN
ajeer-230	14	5	received	receive	VERB
ajeer-230	14	6	no	no	DET
ajeer-230	14	7	specific	specific	ADJ
ajeer-230	14	8	financial	financial	ADJ
ajeer-230	14	9	support	support	NOUN
ajeer-230	14	10	.	.	PUNCT
ajeer-230	15	1	competing	compete	VERB
ajeer-230	15	2	interests	interest	NOUN
ajeer-230	15	3	:	:	PUNCT
ajeer-230	15	4	the	the	DET
ajeer-230	15	5	authors	author	NOUN
ajeer-230	15	6	declare	declare	VERB
ajeer-230	15	7	that	that	SCONJ
ajeer-230	15	8	they	they	PRON
ajeer-230	15	9	have	have	VERB
ajeer-230	15	10	no	no	DET
ajeer-230	15	11	conflict	conflict	NOUN
ajeer-230	15	12	of	of	ADP
ajeer-230	15	13	interests	interest	NOUN
ajeer-230	15	14	.	.	PUNCT
ajeer-230	16	1	transparency	transparency	NOUN
ajeer-230	16	2	:	:	PUNCT
ajeer-230	16	3	the	the	DET
ajeer-230	16	4	authors	author	NOUN
ajeer-230	16	5	confirm	confirm	VERB
ajeer-230	16	6	that	that	SCONJ
ajeer-230	16	7	the	the	DET
ajeer-230	16	8	manuscript	manuscript	NOUN
ajeer-230	16	9	is	be	AUX
ajeer-230	16	10	an	an	DET
ajeer-230	16	11	honest	honest	ADJ
ajeer-230	16	12	,	,	PUNCT
ajeer-230	16	13	accurate	accurate	ADJ
ajeer-230	16	14	,	,	PUNCT
ajeer-230	16	15	and	and	CCONJ
ajeer-230	16	16	transparent	transparent	ADJ
ajeer-230	16	17	account	account	NOUN
ajeer-230	16	18	of	of	ADP
ajeer-230	16	19	the	the	DET
ajeer-230	16	20	study	study	NOUN
ajeer-230	16	21	was	be	AUX
ajeer-230	16	22	reported	report	VERB
ajeer-230	16	23	;	;	PUNCT
ajeer-230	16	24	that	that	SCONJ
ajeer-230	16	25	no	no	DET
ajeer-230	16	26	vital	vital	ADJ
ajeer-230	16	27	features	feature	NOUN
ajeer-230	16	28	of	of	ADP
ajeer-230	16	29	the	the	DET
ajeer-230	16	30	study	study	NOUN
ajeer-230	16	31	have	have	AUX
ajeer-230	16	32	been	be	AUX
ajeer-230	16	33	omitted	omit	VERB
ajeer-230	16	34	;	;	PUNCT
ajeer-230	16	35	and	and	CCONJ
ajeer-230	16	36	that	that	SCONJ
ajeer-230	16	37	any	any	DET
ajeer-230	16	38	discrepancies	discrepancy	NOUN
ajeer-230	16	39	from	from	ADP
ajeer-230	16	40	the	the	DET
ajeer-230	16	41	study	study	NOUN
ajeer-230	16	42	as	as	SCONJ
ajeer-230	16	43	planned	plan	VERB
ajeer-230	16	44	have	have	AUX
ajeer-230	16	45	been	be	AUX
ajeer-230	16	46	explained	explain	VERB
ajeer-230	16	47	.	.	PUNCT
ajeer-230	17	1	ethical	ethical	ADJ
ajeer-230	17	2	:	:	PUNCT
ajeer-230	17	3	this	this	DET
ajeer-230	17	4	study	study	NOUN
ajeer-230	17	5	follows	follow	VERB
ajeer-230	17	6	all	all	DET
ajeer-230	17	7	ethical	ethical	ADJ
ajeer-230	17	8	practices	practice	NOUN
ajeer-230	17	9	during	during	ADP
ajeer-230	17	10	writing	writing	NOUN
ajeer-230	17	11	.	.	PUNCT
ajeer-230	18	1	contents	content	NOUN
ajeer-230	18	2	1	1	NUM
ajeer-230	18	3	.	.	PUNCT
ajeer-230	19	1	introduction	introduction	NOUN
ajeer-230	19	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-230	20	1	50	50	NUM
ajeer-230	20	2	2	2	NUM
ajeer-230	20	3	.	.	PUNCT
ajeer-230	20	4	literature	literature	NOUN
ajeer-230	20	5	review	review	NOUN
ajeer-230	20	6	and	and	CCONJ
ajeer-230	20	7	background	background	NOUN
ajeer-230	20	8	of	of	ADP
ajeer-230	20	9	the	the	DET
ajeer-230	20	10	study	study	NOUN
ajeer-230	20	11	......................................................................................................................	......................................................................................................................	PUNCT
ajeer-230	21	1	50	50	NUM
ajeer-230	21	2	3	3	NUM
ajeer-230	21	3	.	.	PUNCT
ajeer-230	21	4	research	research	NOUN
ajeer-230	21	5	methodology	methodology	NOUN
ajeer-230	21	6	...................................................................................................................................................................	...................................................................................................................................................................	PUNCT
ajeer-230	21	7	52	52	NUM
ajeer-230	21	8	4	4	NUM
ajeer-230	21	9	.	.	PUNCT
ajeer-230	21	10	spearman	spearman	NOUN
ajeer-230	21	11	correlation	correlation	NOUN
ajeer-230	21	12	and	and	CCONJ
ajeer-230	21	13	other	other	ADJ
ajeer-230	21	14	key	key	ADJ
ajeer-230	21	15	findings	finding	NOUN
ajeer-230	21	16	..........................................................................................................................	..........................................................................................................................	PUNCT
ajeer-230	21	17	55	55	NUM
ajeer-230	21	18	5	5	NUM
ajeer-230	21	19	.	.	PUNCT
ajeer-230	21	20	conclusion	conclusion	NOUN
ajeer-230	21	21	.........................................................................................................................................................................................	.........................................................................................................................................................................................	PUNCT
ajeer-230	22	1	56	56	NUM
ajeer-230	22	2	references	reference	NOUN
ajeer-230	22	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	PUNCT
ajeer-230	22	4	57	57	NUM
ajeer-230	22	5	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-230	22	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-230	22	7	https://orcid.org/orcid-search/quick-search?searchquery=leonard	https://orcid.org/orcid-search/quick-search?searchquery=leonard	ADP
ajeer-230	22	8	rang’ala	rang’ala	NOUN
ajeer-230	22	9	lari	lari	PROPN
ajeer-230	22	10	https://orcid.org/orcid-search/quick-search?searchquery=philip	https://orcid.org/orcid-search/quick-search?searchquery=philip	PROPN
ajeer-230	22	11	mulama	mulama	PROPN
ajeer-230	22	12	nyangweso	nyangweso	VERB
ajeer-230	22	13	https://orcid.org/orcid-search/quick-search?searchquery=lucy	https://orcid.org/orcid-search/quick-search?searchquery=lucy	PRON
ajeer-230	22	14	jepchoge	jepchoge	PROPN
ajeer-230	22	15	rono	rono	PROPN
ajeer-230	22	16	https://orcid.org/orcid-search/quick-search?searchquery=leonard	https://orcid.org/orcid-search/quick-search?searchquery=leonard	ADV
ajeer-230	22	17	rang’ala	rang’ala	PROPN
ajeer-230	22	18	lari	lari	PROPN
ajeer-230	22	19	https://orcid.org/orcid-search/quick-search?searchquery=philip	https://orcid.org/orcid-search/quick-search?searchquery=philip	PROPN
ajeer-230	22	20	mulama	mulama	PROPN
ajeer-230	22	21	nyangweso	nyangweso	VERB
ajeer-230	22	22	https://orcid.org/orcid-search/quick-search?searchquery=lucy	https://orcid.org/orcid-search/quick-search?searchquery=lucy	PRON
ajeer-230	22	23	jepchoge	jepchoge	PROPN
ajeer-230	22	24	rono	rono	PROPN
ajeer-230	22	25	https://orcid.org/orcid-search/quick-search?searchquery=leonard	https://orcid.org/orcid-search/quick-search?searchquery=leonard	ADV
ajeer-230	22	26	rang’ala	rang’ala	PROPN
ajeer-230	22	27	lari	lari	PROPN
ajeer-230	22	28	https://orcid.org/orcid-search/quick-search?searchquery=philip	https://orcid.org/orcid-search/quick-search?searchquery=philip	PROPN
ajeer-230	22	29	mulama	mulama	PROPN
ajeer-230	22	30	nyangweso	nyangweso	VERB
ajeer-230	22	31	https://orcid.org/orcid-search/quick-search?searchquery=lucy	https://orcid.org/orcid-search/quick-search?searchquery=lucy	PRON
ajeer-230	22	32	jepchoge	jepchoge	PROPN
ajeer-230	22	33	rono	rono	PROPN
ajeer-230	22	34	https://orcid.org/orcid-search/quick-search?searchquery=leonard	https://orcid.org/orcid-search/quick-search?searchquery=leonard	ADV
ajeer-230	22	35	rang’ala	rang’ala	PROPN
ajeer-230	22	36	lari	lari	PROPN
ajeer-230	22	37	https://orcid.org/orcid-search/quick-search?searchquery=philip	https://orcid.org/orcid-search/quick-search?searchquery=philip	PROPN
ajeer-230	22	38	mulama	mulama	PROPN
ajeer-230	22	39	nyangweso	nyangweso	VERB
ajeer-230	22	40	https://orcid.org/orcid-search/quick-search?searchquery=lucy	https://orcid.org/orcid-search/quick-search?searchquery=lucy	PRON
ajeer-230	22	41	jepchoge	jepchoge	PROPN
ajeer-230	22	42	rono	rono	PROPN
ajeer-230	22	43	asian	asian	PROPN
ajeer-230	22	44	journal	journal	PROPN
ajeer-230	22	45	of	of	ADP
ajeer-230	22	46	economics	economic	NOUN
ajeer-230	22	47	and	and	CCONJ
ajeer-230	22	48	empirical	empirical	ADJ
ajeer-230	22	49	research	research	NOUN
ajeer-230	22	50	,	,	PUNCT
ajeer-230	22	51	2017	2017	NUM
ajeer-230	22	52	,	,	PUNCT
ajeer-230	22	53	4(2	4(2	NUM
ajeer-230	22	54	):	):	PUNCT
ajeer-230	22	55	49	49	NUM
ajeer-230	22	56	-	-	SYM
ajeer-230	22	57	60	60	NUM
ajeer-230	22	58	50	50	NUM
ajeer-230	22	59	1	1	NUM
ajeer-230	22	60	.	.	PUNCT
ajeer-230	23	1	introduction	introduction	NOUN
ajeer-230	23	2	the	the	DET
ajeer-230	23	3	efficiency	efficiency	NOUN
ajeer-230	23	4	of	of	ADP
ajeer-230	23	5	an	an	DET
ajeer-230	23	6	organization	organization	NOUN
ajeer-230	23	7	is	be	AUX
ajeer-230	23	8	an	an	DET
ajeer-230	23	9	overriding	override	VERB
ajeer-230	23	10	aspect	aspect	NOUN
ajeer-230	23	11	in	in	ADP
ajeer-230	23	12	finance	finance	NOUN
ajeer-230	23	13	.	.	PUNCT
ajeer-230	24	1	a	a	DET
ajeer-230	24	2	well	well	ADV
ajeer-230	24	3	-	-	PUNCT
ajeer-230	24	4	managed	manage	VERB
ajeer-230	24	5	savings	saving	NOUN
ajeer-230	24	6	and	and	CCONJ
ajeer-230	24	7	credit	credit	NOUN
ajeer-230	24	8	cooperative	cooperative	ADJ
ajeer-230	24	9	society	society	NOUN
ajeer-230	24	10	is	be	AUX
ajeer-230	24	11	expected	expect	VERB
ajeer-230	24	12	to	to	PART
ajeer-230	24	13	increase	increase	VERB
ajeer-230	24	14	the	the	DET
ajeer-230	24	15	members	member	NOUN
ajeer-230	24	16	’	’	PART
ajeer-230	24	17	interest	interest	NOUN
ajeer-230	24	18	.	.	PUNCT
ajeer-230	25	1	since	since	SCONJ
ajeer-230	25	2	independence	independence	NOUN
ajeer-230	25	3	,	,	PUNCT
ajeer-230	25	4	the	the	DET
ajeer-230	25	5	kenya	kenya	PROPN
ajeer-230	25	6	savings	saving	NOUN
ajeer-230	25	7	and	and	CCONJ
ajeer-230	25	8	credit	credit	NOUN
ajeer-230	25	9	co	co	NOUN
ajeer-230	25	10	-	-	NOUN
ajeer-230	25	11	operatives	operative	NOUN
ajeer-230	25	12	societies’(or	societies’(or	NOUN
ajeer-230	25	13	saccos	sacco	NOUN
ajeer-230	25	14	)	)	PUNCT
ajeer-230	25	15	sub	sub	NOUN
ajeer-230	25	16	-	-	NOUN
ajeer-230	25	17	sector	sector	NOUN
ajeer-230	25	18	has	have	AUX
ajeer-230	25	19	undergone	undergo	VERB
ajeer-230	25	20	a	a	DET
ajeer-230	25	21	series	series	NOUN
ajeer-230	25	22	of	of	ADP
ajeer-230	25	23	liberalizations	liberalization	NOUN
ajeer-230	25	24	and	and	CCONJ
ajeer-230	25	25	prudential	prudential	ADJ
ajeer-230	25	26	regulation	regulation	NOUN
ajeer-230	25	27	aimed	aim	VERB
ajeer-230	25	28	at	at	ADP
ajeer-230	25	29	improving	improve	VERB
ajeer-230	25	30	its	its	PRON
ajeer-230	25	31	relative	relative	ADJ
ajeer-230	25	32	act	act	NOUN
ajeer-230	25	33	or	or	CCONJ
ajeer-230	25	34	efficiency	efficiency	NOUN
ajeer-230	25	35	(	(	PUNCT
ajeer-230	25	36	wanyama	wanyama	NOUN
ajeer-230	25	37	,	,	PUNCT
ajeer-230	25	38	2009).this	2009).this	NUM
ajeer-230	25	39	study	study	NOUN
ajeer-230	25	40	seeks	seek	VERB
ajeer-230	25	41	to	to	PART
ajeer-230	25	42	find	find	VERB
ajeer-230	25	43	out	out	ADP
ajeer-230	25	44	the	the	DET
ajeer-230	25	45	determinants	determinant	NOUN
ajeer-230	25	46	of	of	ADP
ajeer-230	25	47	inefficiency	inefficiency	NOUN
ajeer-230	25	48	given	give	VERB
ajeer-230	25	49	the	the	DET
ajeer-230	25	50	net	net	ADJ
ajeer-230	25	51	operating	operate	VERB
ajeer-230	25	52	cash	cash	NOUN
ajeer-230	25	53	flow	flow	NOUN
ajeer-230	25	54	slack	slack	NOUN
ajeer-230	25	55	(	(	PUNCT
ajeer-230	25	56	inefficiency	inefficiency	NOUN
ajeer-230	25	57	)	)	PUNCT
ajeer-230	25	58	as	as	ADP
ajeer-230	25	59	a	a	DET
ajeer-230	25	60	dependent	dependent	ADJ
ajeer-230	25	61	variable	variable	NOUN
ajeer-230	25	62	over	over	ADP
ajeer-230	25	63	a	a	DET
ajeer-230	25	64	period	period	NOUN
ajeer-230	25	65	of	of	ADP
ajeer-230	25	66	two	two	NUM
ajeer-230	25	67	eras	era	NOUN
ajeer-230	25	68	using	use	VERB
ajeer-230	25	69	both	both	DET
ajeer-230	25	70	data	datum	NOUN
ajeer-230	25	71	envelopment	envelopment	NOUN
ajeer-230	25	72	analysis(a	analysis(a	NUM
ajeer-230	25	73	linear	linear	PROPN
ajeer-230	25	74	programming	programming	NOUN
ajeer-230	25	75	approach	approach	NOUN
ajeer-230	25	76	)	)	PUNCT
ajeer-230	25	77	and	and	CCONJ
ajeer-230	25	78	stochastic	stochastic	ADJ
ajeer-230	25	79	frontier	frontier	NOUN
ajeer-230	25	80	analysis	analysis	NOUN
ajeer-230	25	81	methods	method	NOUN
ajeer-230	25	82	.	.	PUNCT
ajeer-230	26	1	the	the	DET
ajeer-230	26	2	co	co	NOUN
ajeer-230	26	3	-	-	NOUN
ajeer-230	26	4	operatives	operative	NOUN
ajeer-230	26	5	development	development	NOUN
ajeer-230	26	6	regulation	regulation	NOUN
ajeer-230	26	7	era	era	NOUN
ajeer-230	26	8	in	in	ADP
ajeer-230	26	9	kenya	kenya	PROPN
ajeer-230	26	10	involved	involve	VERB
ajeer-230	26	11	enactment	enactment	NOUN
ajeer-230	26	12	of	of	ADP
ajeer-230	26	13	prudential	prudential	ADJ
ajeer-230	26	14	regulation	regulation	NOUN
ajeer-230	26	15	of	of	ADP
ajeer-230	26	16	saccos	saccos	PROPN
ajeer-230	26	17	through	through	ADP
ajeer-230	26	18	the	the	DET
ajeer-230	26	19	saccos	saccos	PROPN
ajeer-230	26	20	act	act	PROPN
ajeer-230	26	21	,	,	PUNCT
ajeer-230	26	22	2008	2008	NUM
ajeer-230	26	23	which	which	PRON
ajeer-230	26	24	legally	legally	ADV
ajeer-230	26	25	commenced	commence	VERB
ajeer-230	26	26	in	in	ADP
ajeer-230	26	27	september	september	PROPN
ajeer-230	26	28	2009	2009	NUM
ajeer-230	26	29	and	and	CCONJ
ajeer-230	26	30	gave	give	VERB
ajeer-230	26	31	birth	birth	NOUN
ajeer-230	26	32	to	to	PART
ajeer-230	26	33	sacco	sacco	VERB
ajeer-230	26	34	societies	society	NOUN
ajeer-230	26	35	regulatory	regulatory	ADJ
ajeer-230	26	36	authority	authority	NOUN
ajeer-230	26	37	or	or	CCONJ
ajeer-230	26	38	sasra	sasra	NOUN
ajeer-230	26	39	with	with	ADP
ajeer-230	26	40	effect	effect	NOUN
ajeer-230	26	41	from	from	ADP
ajeer-230	26	42	october	october	PROPN
ajeer-230	26	43	2009	2009	NUM
ajeer-230	26	44	(	(	PUNCT
ajeer-230	26	45	ssa	ssa	NOUN
ajeer-230	26	46	,	,	PUNCT
ajeer-230	26	47	2008	2008	NUM
ajeer-230	26	48	;	;	PUNCT
ajeer-230	26	49	mocdm	mocdm	PROPN
ajeer-230	26	50	,	,	PUNCT
ajeer-230	26	51	2013	2013	NUM
ajeer-230	26	52	)	)	PUNCT
ajeer-230	26	53	.	.	PUNCT
ajeer-230	27	1	basically	basically	ADV
ajeer-230	27	2	the	the	DET
ajeer-230	27	3	preregulation	preregulation	NOUN
ajeer-230	27	4	era	era	NOUN
ajeer-230	27	5	covered	cover	VERB
ajeer-230	27	6	period	period	NOUN
ajeer-230	27	7	2010	2010	NUM
ajeer-230	27	8	and	and	CCONJ
ajeer-230	27	9	before	before	ADV
ajeer-230	27	10	.	.	PUNCT
ajeer-230	28	1	kenya	kenya	PROPN
ajeer-230	28	2	saccos	saccos	PROPN
ajeer-230	28	3	have	have	VERB
ajeer-230	28	4	high	high	ADJ
ajeer-230	28	5	urge	urge	NOUN
ajeer-230	28	6	for	for	ADP
ajeer-230	28	7	shifting	shift	VERB
ajeer-230	28	8	from	from	ADP
ajeer-230	28	9	savings	saving	NOUN
ajeer-230	28	10	and	and	CCONJ
ajeer-230	28	11	credit	credit	NOUN
ajeer-230	28	12	co	co	NOUN
ajeer-230	28	13	-	-	NOUN
ajeer-230	28	14	operatives	operative	NOUN
ajeer-230	28	15	to	to	ADP
ajeer-230	28	16	credit	credit	NOUN
ajeer-230	28	17	and	and	CCONJ
ajeer-230	28	18	savings	saving	NOUN
ajeer-230	28	19	cooperatives	cooperative	NOUN
ajeer-230	28	20	that	that	PRON
ajeer-230	28	21	is	be	AUX
ajeer-230	28	22	,	,	PUNCT
ajeer-230	28	23	they	they	PRON
ajeer-230	28	24	actually	actually	ADV
ajeer-230	28	25	bend	bend	VERB
ajeer-230	28	26	towards	towards	ADP
ajeer-230	28	27	sourcing	source	VERB
ajeer-230	28	28	for	for	ADP
ajeer-230	28	29	external	external	ADJ
ajeer-230	28	30	funds	fund	NOUN
ajeer-230	28	31	than	than	ADP
ajeer-230	28	32	relying	rely	VERB
ajeer-230	28	33	on	on	ADP
ajeer-230	28	34	equity	equity	NOUN
ajeer-230	28	35	funding	funding	NOUN
ajeer-230	28	36	.	.	PUNCT
ajeer-230	29	1	capital	capital	NOUN
ajeer-230	29	2	inadequacy	inadequacy	NOUN
ajeer-230	29	3	and	and	CCONJ
ajeer-230	29	4	insolvency	insolvency	NOUN
ajeer-230	29	5	risks	risk	NOUN
ajeer-230	29	6	are	be	AUX
ajeer-230	29	7	key	key	ADJ
ajeer-230	29	8	factors	factor	NOUN
ajeer-230	29	9	influencing	influence	VERB
ajeer-230	29	10	performance	performance	NOUN
ajeer-230	29	11	of	of	ADP
ajeer-230	29	12	deposit	deposit	NOUN
ajeer-230	29	13	taking	take	VERB
ajeer-230	29	14	saccos	sacco	NOUN
ajeer-230	29	15	(	(	PUNCT
ajeer-230	29	16	or	or	CCONJ
ajeer-230	29	17	fosa	fosa	NOUN
ajeer-230	29	18	)	)	PUNCT
ajeer-230	29	19	in	in	ADP
ajeer-230	29	20	kenya	kenya	PROPN
ajeer-230	29	21	(	(	PUNCT
ajeer-230	29	22	kivuvo	kivuvo	PROPN
ajeer-230	29	23	and	and	CCONJ
ajeer-230	29	24	olweny	olweny	PROPN
ajeer-230	29	25	,	,	PUNCT
ajeer-230	29	26	2014	2014	NUM
ajeer-230	29	27	)	)	PUNCT
ajeer-230	29	28	.	.	PUNCT
ajeer-230	30	1	this	this	DET
ajeer-230	30	2	behavior	behavior	NOUN
ajeer-230	30	3	scores	score	VERB
ajeer-230	30	4	them	they	PRON
ajeer-230	30	5	well	well	ADV
ajeer-230	30	6	as	as	ADP
ajeer-230	30	7	candidates	candidate	NOUN
ajeer-230	30	8	of	of	ADP
ajeer-230	30	9	capital	capital	NOUN
ajeer-230	30	10	rationing	rationing	NOUN
ajeer-230	30	11	.	.	PUNCT
ajeer-230	31	1	the	the	DET
ajeer-230	31	2	shifting	shift	VERB
ajeer-230	31	3	appetite	appetite	NOUN
ajeer-230	31	4	to	to	ADP
ajeer-230	31	5	credit	credit	NOUN
ajeer-230	31	6	and	and	CCONJ
ajeer-230	31	7	savings	saving	NOUN
ajeer-230	31	8	saccos	sacco	NOUN
ajeer-230	31	9	come	come	VERB
ajeer-230	31	10	at	at	ADP
ajeer-230	31	11	an	an	DET
ajeer-230	31	12	expensive	expensive	ADJ
ajeer-230	31	13	interest	interest	NOUN
ajeer-230	31	14	charges	charge	NOUN
ajeer-230	31	15	from	from	ADP
ajeer-230	31	16	the	the	DET
ajeer-230	31	17	lenders	lender	NOUN
ajeer-230	31	18	as	as	SCONJ
ajeer-230	31	19	the	the	DET
ajeer-230	31	20	borrowed	borrow	VERB
ajeer-230	31	21	funds	fund	NOUN
ajeer-230	31	22	or	or	CCONJ
ajeer-230	31	23	credit	credit	NOUN
ajeer-230	31	24	facilities	facility	NOUN
ajeer-230	31	25	are	be	AUX
ajeer-230	31	26	meant	mean	VERB
ajeer-230	31	27	for	for	ADP
ajeer-230	31	28	onward	onward	ADJ
ajeer-230	31	29	affordable	affordable	ADJ
ajeer-230	31	30	lending	lending	NOUN
ajeer-230	31	31	to	to	ADP
ajeer-230	31	32	saccos	sacco	NOUN
ajeer-230	31	33	’	'	PUNCT
ajeer-230	31	34	members	member	NOUN
ajeer-230	31	35	.	.	PUNCT
ajeer-230	32	1	according	accord	VERB
ajeer-230	32	2	to	to	ADP
ajeer-230	32	3	sasra	sasra	NOUN
ajeer-230	32	4	(	(	PUNCT
ajeer-230	32	5	2011	2011	NUM
ajeer-230	32	6	)	)	PUNCT
ajeer-230	32	7	saccos	saccos	PROPN
ajeer-230	32	8	in	in	ADP
ajeer-230	32	9	kenya	kenya	PROPN
ajeer-230	32	10	total	total	ADJ
ajeer-230	32	11	borrowings	borrowing	NOUN
ajeer-230	32	12	from	from	ADP
ajeer-230	32	13	banks	bank	NOUN
ajeer-230	32	14	in	in	ADP
ajeer-230	32	15	2010	2010	NUM
ajeer-230	32	16	was	be	AUX
ajeer-230	32	17	estimated	estimate	VERB
ajeer-230	32	18	at	at	ADP
ajeer-230	32	19	kshs.15	kshs.15	NOUN
ajeer-230	32	20	billion	billion	NUM
ajeer-230	32	21	compared	compare	VERB
ajeer-230	32	22	to	to	ADP
ajeer-230	32	23	kshs	kshs	PROPN
ajeer-230	32	24	.	.	PUNCT
ajeer-230	33	1	5.6	5.6	NUM
ajeer-230	33	2	billion	billion	NUM
ajeer-230	33	3	in	in	ADP
ajeer-230	33	4	2011	2011	NUM
ajeer-230	33	5	.	.	PUNCT
ajeer-230	34	1	thus	thus	ADV
ajeer-230	34	2	the	the	DET
ajeer-230	34	3	sector	sector	NOUN
ajeer-230	34	4	is	be	AUX
ajeer-230	34	5	key	key	ADJ
ajeer-230	34	6	financial	financial	ADJ
ajeer-230	34	7	channel	channel	NOUN
ajeer-230	34	8	in	in	ADP
ajeer-230	34	9	fostering	foster	VERB
ajeer-230	34	10	access	access	NOUN
ajeer-230	34	11	to	to	ADP
ajeer-230	34	12	credit	credit	NOUN
ajeer-230	34	13	.	.	PUNCT
ajeer-230	35	1	on	on	ADP
ajeer-230	35	2	the	the	DET
ajeer-230	35	3	international	international	ADJ
ajeer-230	35	4	front	front	NOUN
ajeer-230	35	5	,	,	PUNCT
ajeer-230	35	6	the	the	DET
ajeer-230	35	7	regulatory	regulatory	ADJ
ajeer-230	35	8	authorities	authority	NOUN
ajeer-230	35	9	and	and	CCONJ
ajeer-230	35	10	standards	standard	NOUN
ajeer-230	35	11	setting	set	VERB
ajeer-230	35	12	committees	committee	NOUN
ajeer-230	35	13	have	have	AUX
ajeer-230	35	14	been	be	AUX
ajeer-230	35	15	able	able	ADJ
ajeer-230	35	16	to	to	PART
ajeer-230	35	17	come	come	VERB
ajeer-230	35	18	up	up	ADP
ajeer-230	35	19	with	with	ADP
ajeer-230	35	20	acceptable	acceptable	ADJ
ajeer-230	35	21	information	information	NOUN
ajeer-230	35	22	on	on	ADP
ajeer-230	35	23	the	the	DET
ajeer-230	35	24	financial	financial	ADJ
ajeer-230	35	25	institutions	institution	NOUN
ajeer-230	35	26	’	’	PART
ajeer-230	35	27	efficient	efficient	ADJ
ajeer-230	35	28	operations	operation	NOUN
ajeer-230	35	29	and	and	CCONJ
ajeer-230	35	30	risk	risk	NOUN
ajeer-230	35	31	management	management	NOUN
ajeer-230	35	32	criteria	criterion	NOUN
ajeer-230	35	33	(	(	PUNCT
ajeer-230	35	34	cooper	cooper	NOUN
ajeer-230	35	35	et	et	PROPN
ajeer-230	35	36	al	al	PROPN
ajeer-230	35	37	.	.	PROPN
ajeer-230	35	38	,	,	PUNCT
ajeer-230	35	39	2007	2007	NUM
ajeer-230	35	40	)	)	PUNCT
ajeer-230	35	41	.	.	PUNCT
ajeer-230	36	1	world	world	PROPN
ajeer-230	36	2	council	council	PROPN
ajeer-230	36	3	of	of	ADP
ajeer-230	36	4	credit	credit	NOUN
ajeer-230	36	5	unions	union	NOUN
ajeer-230	36	6	is	be	AUX
ajeer-230	36	7	one	one	NUM
ajeer-230	36	8	similar	similar	ADJ
ajeer-230	36	9	body	body	NOUN
ajeer-230	36	10	that	that	PRON
ajeer-230	36	11	offers	offer	VERB
ajeer-230	36	12	related	related	ADJ
ajeer-230	36	13	services	service	NOUN
ajeer-230	36	14	.	.	PUNCT
ajeer-230	37	1	caprio	caprio	PROPN
ajeer-230	37	2	et	et	PROPN
ajeer-230	37	3	al	al	PROPN
ajeer-230	37	4	.	.	PROPN
ajeer-230	38	1	(	(	PUNCT
ajeer-230	38	2	2003	2003	NUM
ajeer-230	38	3	)	)	PUNCT
ajeer-230	38	4	in	in	ADP
ajeer-230	38	5	their	their	PRON
ajeer-230	38	6	study	study	NOUN
ajeer-230	38	7	in	in	ADP
ajeer-230	38	8	44	44	NUM
ajeer-230	38	9	countries	country	NOUN
ajeer-230	38	10	,	,	PUNCT
ajeer-230	38	11	postulate	postulate	VERB
ajeer-230	38	12	that	that	SCONJ
ajeer-230	38	13	insignificant	insignificant	ADJ
ajeer-230	38	14	influence	influence	NOUN
ajeer-230	38	15	is	be	AUX
ajeer-230	38	16	experienced	experience	VERB
ajeer-230	38	17	by	by	ADP
ajeer-230	38	18	banks	bank	NOUN
ajeer-230	38	19	due	due	ADJ
ajeer-230	38	20	to	to	ADP
ajeer-230	38	21	regulation	regulation	NOUN
ajeer-230	38	22	and	and	CCONJ
ajeer-230	38	23	supervision	supervision	NOUN
ajeer-230	38	24	.	.	PUNCT
ajeer-230	39	1	2	2	X
ajeer-230	39	2	.	.	X
ajeer-230	39	3	literature	literature	NOUN
ajeer-230	39	4	review	review	NOUN
ajeer-230	39	5	and	and	CCONJ
ajeer-230	39	6	background	background	NOUN
ajeer-230	39	7	of	of	ADP
ajeer-230	39	8	the	the	DET
ajeer-230	39	9	study	study	NOUN
ajeer-230	39	10	brealey	brealey	NOUN
ajeer-230	39	11	and	and	CCONJ
ajeer-230	39	12	myers	myers	PROPN
ajeer-230	39	13	(	(	PUNCT
ajeer-230	39	14	1981	1981	NUM
ajeer-230	39	15	)	)	PUNCT
ajeer-230	39	16	postulated	postulate	VERB
ajeer-230	39	17	that	that	SCONJ
ajeer-230	39	18	rationing	rationing	NOUN
ajeer-230	39	19	of	of	ADP
ajeer-230	39	20	a	a	DET
ajeer-230	39	21	firm	firm	NOUN
ajeer-230	39	22	’s	’s	PART
ajeer-230	39	23	capital	capital	NOUN
ajeer-230	39	24	in	in	ADP
ajeer-230	39	25	more	more	ADJ
ajeer-230	39	26	than	than	ADP
ajeer-230	39	27	one	one	NUM
ajeer-230	39	28	period	period	NOUN
ajeer-230	39	29	call	call	NOUN
ajeer-230	39	30	for	for	ADP
ajeer-230	39	31	application	application	NOUN
ajeer-230	39	32	of	of	ADP
ajeer-230	39	33	linear	linear	PROPN
ajeer-230	39	34	programming	programming	NOUN
ajeer-230	39	35	or	or	CCONJ
ajeer-230	39	36	net	net	ADJ
ajeer-230	39	37	present	present	ADJ
ajeer-230	39	38	value	value	NOUN
ajeer-230	39	39	methods	method	NOUN
ajeer-230	39	40	as	as	ADP
ajeer-230	39	41	a	a	DET
ajeer-230	39	42	capital	capital	NOUN
ajeer-230	39	43	budgeting	budget	VERB
ajeer-230	39	44	decision	decision	NOUN
ajeer-230	39	45	making	make	VERB
ajeer-230	39	46	techniques	technique	NOUN
ajeer-230	39	47	instead	instead	ADV
ajeer-230	39	48	of	of	ADP
ajeer-230	39	49	other	other	ADJ
ajeer-230	39	50	methods	method	NOUN
ajeer-230	39	51	such	such	ADJ
ajeer-230	39	52	as	as	ADP
ajeer-230	39	53	marginal	marginal	ADJ
ajeer-230	39	54	rate	rate	NOUN
ajeer-230	39	55	of	of	ADP
ajeer-230	39	56	return	return	NOUN
ajeer-230	39	57	which	which	DET
ajeer-230	39	58	depict	depict	VERB
ajeer-230	39	59	prominence	prominence	NOUN
ajeer-230	39	60	of	of	ADP
ajeer-230	39	61	linear	linear	PROPN
ajeer-230	39	62	programming	programming	NOUN
ajeer-230	39	63	in	in	ADP
ajeer-230	39	64	the	the	DET
ajeer-230	39	65	field	field	NOUN
ajeer-230	39	66	of	of	ADP
ajeer-230	39	67	finance	finance	NOUN
ajeer-230	39	68	theory	theory	NOUN
ajeer-230	39	69	.	.	PUNCT
ajeer-230	40	1	this	this	DET
ajeer-230	40	2	study	study	NOUN
ajeer-230	40	3	adopted	adopt	VERB
ajeer-230	40	4	dea	dea	PROPN
ajeer-230	40	5	approach	approach	NOUN
ajeer-230	40	6	which	which	PRON
ajeer-230	40	7	is	be	AUX
ajeer-230	40	8	linear	linear	PROPN
ajeer-230	40	9	programming	programming	NOUN
ajeer-230	40	10	oriented	orient	VERB
ajeer-230	40	11	based	base	VERB
ajeer-230	40	12	on	on	ADP
ajeer-230	40	13	a	a	DET
ajeer-230	40	14	capital	capital	NOUN
ajeer-230	40	15	rationing	ration	VERB
ajeer-230	40	16	argument	argument	NOUN
ajeer-230	40	17	,	,	PUNCT
ajeer-230	40	18	since	since	SCONJ
ajeer-230	40	19	the	the	DET
ajeer-230	40	20	saccos	sacco	NOUN
ajeer-230	40	21	’	'	PUNCT
ajeer-230	40	22	external	external	ADJ
ajeer-230	40	23	loan	loan	NOUN
ajeer-230	40	24	capital	capital	NOUN
ajeer-230	40	25	demand	demand	NOUN
ajeer-230	40	26	tend	tend	VERB
ajeer-230	40	27	to	to	PART
ajeer-230	40	28	fluctuate	fluctuate	VERB
ajeer-230	40	29	periodically	periodically	ADV
ajeer-230	40	30	(	(	PUNCT
ajeer-230	40	31	sasra	sasra	PROPN
ajeer-230	40	32	,	,	PUNCT
ajeer-230	40	33	2011	2011	NUM
ajeer-230	40	34	)	)	PUNCT
ajeer-230	40	35	.	.	PUNCT
ajeer-230	41	1	efficiency	efficiency	NOUN
ajeer-230	41	2	is	be	AUX
ajeer-230	41	3	a	a	DET
ajeer-230	41	4	subset	subset	NOUN
ajeer-230	41	5	of	of	ADP
ajeer-230	41	6	performance	performance	NOUN
ajeer-230	41	7	(	(	PUNCT
ajeer-230	41	8	ozcan	ozcan	ADJ
ajeer-230	41	9	,	,	PUNCT
ajeer-230	41	10	2008	2008	NUM
ajeer-230	41	11	)	)	PUNCT
ajeer-230	41	12	.	.	PUNCT
ajeer-230	42	1	an	an	DET
ajeer-230	42	2	efficient	efficient	ADJ
ajeer-230	42	3	organization	organization	NOUN
ajeer-230	42	4	identification	identification	NOUN
ajeer-230	42	5	assist	assist	NOUN
ajeer-230	42	6	in	in	ADP
ajeer-230	42	7	identifying	identify	VERB
ajeer-230	42	8	the	the	DET
ajeer-230	42	9	managers	manager	NOUN
ajeer-230	42	10	’	'	PUNCT
ajeer-230	42	11	rewards	reward	NOUN
ajeer-230	42	12	and	and	CCONJ
ajeer-230	42	13	the	the	DET
ajeer-230	42	14	kind	kind	NOUN
ajeer-230	42	15	of	of	ADP
ajeer-230	42	16	good	good	ADJ
ajeer-230	42	17	practices	practice	NOUN
ajeer-230	42	18	employed	employ	VERB
ajeer-230	42	19	or	or	CCONJ
ajeer-230	42	20	which	which	PRON
ajeer-230	42	21	can	can	AUX
ajeer-230	42	22	be	be	AUX
ajeer-230	42	23	copied	copy	VERB
ajeer-230	42	24	by	by	ADP
ajeer-230	42	25	inefficient	inefficient	ADJ
ajeer-230	42	26	firms	firm	NOUN
ajeer-230	42	27	in	in	ADP
ajeer-230	42	28	the	the	DET
ajeer-230	42	29	industry	industry	NOUN
ajeer-230	42	30	.	.	PUNCT
ajeer-230	43	1	adeptness	adeptness	NOUN
ajeer-230	43	2	also	also	ADV
ajeer-230	43	3	aid	aid	VERB
ajeer-230	43	4	in	in	ADP
ajeer-230	43	5	identifying	identify	VERB
ajeer-230	43	6	profitable	profitable	ADJ
ajeer-230	43	7	areas	area	NOUN
ajeer-230	43	8	of	of	ADP
ajeer-230	43	9	organizations	organization	NOUN
ajeer-230	43	10	to	to	PART
ajeer-230	43	11	invest	invest	VERB
ajeer-230	43	12	their	their	PRON
ajeer-230	43	13	assets	asset	NOUN
ajeer-230	43	14	(	(	PUNCT
ajeer-230	43	15	healy	healy	PROPN
ajeer-230	43	16	,	,	PUNCT
ajeer-230	43	17	1988	1988	NUM
ajeer-230	43	18	)	)	PUNCT
ajeer-230	43	19	.	.	PUNCT
ajeer-230	44	1	an	an	DET
ajeer-230	44	2	efficient	efficient	ADJ
ajeer-230	44	3	measurement	measurement	NOUN
ajeer-230	44	4	system	system	NOUN
ajeer-230	44	5	is	be	AUX
ajeer-230	44	6	able	able	ADJ
ajeer-230	44	7	to	to	PART
ajeer-230	44	8	identify	identify	VERB
ajeer-230	44	9	optimal	optimal	ADJ
ajeer-230	44	10	resources	resource	NOUN
ajeer-230	44	11	allocation	allocation	NOUN
ajeer-230	44	12	besides	besides	SCONJ
ajeer-230	44	13	setting	set	VERB
ajeer-230	44	14	of	of	ADP
ajeer-230	44	15	targets	target	NOUN
ajeer-230	44	16	.	.	PUNCT
ajeer-230	45	1	the	the	DET
ajeer-230	45	2	inefficiency	inefficiency	NOUN
ajeer-230	45	3	or	or	CCONJ
ajeer-230	45	4	efficiency	efficiency	NOUN
ajeer-230	45	5	measurement	measurement	NOUN
ajeer-230	45	6	helps	help	VERB
ajeer-230	45	7	commercial	commercial	ADJ
ajeer-230	45	8	and	and	CCONJ
ajeer-230	45	9	non	non	ADJ
ajeer-230	45	10	-	-	ADJ
ajeer-230	45	11	commercial	commercial	ADJ
ajeer-230	45	12	entities	entity	NOUN
ajeer-230	45	13	in	in	ADP
ajeer-230	45	14	identification	identification	NOUN
ajeer-230	45	15	of	of	ADP
ajeer-230	45	16	best	good	ADJ
ajeer-230	45	17	practice	practice	NOUN
ajeer-230	45	18	,	,	PUNCT
ajeer-230	45	19	identification	identification	NOUN
ajeer-230	45	20	of	of	ADP
ajeer-230	45	21	poor	poor	ADJ
ajeer-230	45	22	practice	practice	NOUN
ajeer-230	45	23	,	,	PUNCT
ajeer-230	45	24	in	in	ADP
ajeer-230	45	25	setting	set	VERB
ajeer-230	45	26	targets	target	NOUN
ajeer-230	45	27	,	,	PUNCT
ajeer-230	45	28	in	in	ADP
ajeer-230	45	29	resource	resource	NOUN
ajeer-230	45	30	allocation	allocation	NOUN
ajeer-230	45	31	and	and	CCONJ
ajeer-230	45	32	in	in	ADP
ajeer-230	45	33	monitoring	monitor	VERB
ajeer-230	45	34	efficiency	efficiency	NOUN
ajeer-230	45	35	changes	change	NOUN
ajeer-230	45	36	periodically	periodically	ADV
ajeer-230	45	37	(	(	PUNCT
ajeer-230	45	38	beasley	beasley	PROPN
ajeer-230	45	39	,	,	PUNCT
ajeer-230	45	40	1996	1996	NUM
ajeer-230	45	41	)	)	PUNCT
ajeer-230	45	42	.	.	PUNCT
ajeer-230	46	1	however	however	ADV
ajeer-230	46	2	,	,	PUNCT
ajeer-230	46	3	barus	barus	PROPN
ajeer-230	46	4	et	et	PROPN
ajeer-230	46	5	al	al	PROPN
ajeer-230	46	6	.	.	PROPN
ajeer-230	47	1	(	(	PUNCT
ajeer-230	47	2	2017	2017	NUM
ajeer-230	47	3	)	)	PUNCT
ajeer-230	47	4	argues	argue	VERB
ajeer-230	47	5	that	that	SCONJ
ajeer-230	47	6	financial	financial	ADJ
ajeer-230	47	7	performance	performance	NOUN
ajeer-230	47	8	of	of	ADP
ajeer-230	47	9	saccos	saccos	PROPN
ajeer-230	47	10	in	in	ADP
ajeer-230	47	11	kenya	kenya	PROPN
ajeer-230	47	12	is	be	AUX
ajeer-230	47	13	not	not	PART
ajeer-230	47	14	significantly	significantly	ADV
ajeer-230	47	15	affected	affect	VERB
ajeer-230	47	16	by	by	ADP
ajeer-230	47	17	management	management	NOUN
ajeer-230	47	18	efficiency	efficiency	NOUN
ajeer-230	47	19	.	.	PUNCT
ajeer-230	48	1	studies	study	NOUN
ajeer-230	48	2	have	have	AUX
ajeer-230	48	3	indicated	indicate	VERB
ajeer-230	48	4	that	that	SCONJ
ajeer-230	48	5	co	co	ADJ
ajeer-230	48	6	-	-	ADJ
ajeer-230	48	7	operative	operative	ADJ
ajeer-230	48	8	banks	bank	NOUN
ajeer-230	48	9	future	future	ADJ
ajeer-230	48	10	in	in	ADP
ajeer-230	48	11	the	the	DET
ajeer-230	48	12	long	long	ADJ
ajeer-230	48	13	run	run	NOUN
ajeer-230	48	14	is	be	AUX
ajeer-230	48	15	unknown	unknown	ADJ
ajeer-230	48	16	as	as	SCONJ
ajeer-230	48	17	they	they	PRON
ajeer-230	48	18	will	will	AUX
ajeer-230	48	19	completely	completely	ADV
ajeer-230	48	20	transform	transform	VERB
ajeer-230	48	21	to	to	ADP
ajeer-230	48	22	banks	bank	NOUN
ajeer-230	48	23	,	,	PUNCT
ajeer-230	48	24	merge	merge	VERB
ajeer-230	48	25	or	or	CCONJ
ajeer-230	48	26	just	just	ADV
ajeer-230	48	27	die	die	VERB
ajeer-230	48	28	,	,	PUNCT
ajeer-230	48	29	zvi	zvi	PROPN
ajeer-230	48	30	(	(	PUNCT
ajeer-230	48	31	1998	1998	NUM
ajeer-230	48	32	)	)	PUNCT
ajeer-230	48	33	.	.	PUNCT
ajeer-230	49	1	this	this	DET
ajeer-230	49	2	chain	chain	NOUN
ajeer-230	49	3	of	of	ADP
ajeer-230	49	4	events	event	NOUN
ajeer-230	49	5	is	be	AUX
ajeer-230	49	6	likely	likely	ADJ
ajeer-230	49	7	to	to	PART
ajeer-230	49	8	impact	impact	VERB
ajeer-230	49	9	negatively	negatively	ADV
ajeer-230	49	10	on	on	ADP
ajeer-230	49	11	the	the	DET
ajeer-230	49	12	steady	steady	ADJ
ajeer-230	49	13	or	or	CCONJ
ajeer-230	49	14	focused	focused	ADJ
ajeer-230	49	15	efficiency	efficiency	NOUN
ajeer-230	49	16	growth	growth	NOUN
ajeer-230	49	17	of	of	ADP
ajeer-230	49	18	saccos	saccos	PROPN
ajeer-230	49	19	.	.	PUNCT
ajeer-230	50	1	a	a	DET
ajeer-230	50	2	question	question	NOUN
ajeer-230	50	3	that	that	PRON
ajeer-230	50	4	then	then	ADV
ajeer-230	50	5	arises	arise	VERB
ajeer-230	50	6	is	be	AUX
ajeer-230	50	7	:	:	PUNCT
ajeer-230	50	8	do	do	AUX
ajeer-230	50	9	co	co	NOUN
ajeer-230	50	10	-	-	NOUN
ajeer-230	50	11	operatives	operative	NOUN
ajeer-230	50	12	transformations	transformation	NOUN
ajeer-230	50	13	to	to	ADP
ajeer-230	50	14	banks	bank	NOUN
ajeer-230	50	15	or	or	CCONJ
ajeer-230	50	16	fosa	fosa	NOUN
ajeer-230	50	17	exist	exist	VERB
ajeer-230	50	18	for	for	ADP
ajeer-230	50	19	long	long	ADJ
ajeer-230	50	20	term	term	NOUN
ajeer-230	50	21	benefit	benefit	NOUN
ajeer-230	50	22	of	of	ADP
ajeer-230	50	23	members	member	NOUN
ajeer-230	50	24	?	?	PUNCT
ajeer-230	51	1	zvi	zvi	PROPN
ajeer-230	51	2	(	(	PUNCT
ajeer-230	51	3	1998	1998	NUM
ajeer-230	51	4	)	)	PUNCT
ajeer-230	51	5	states	state	VERB
ajeer-230	51	6	that	that	SCONJ
ajeer-230	51	7	credit	credit	NOUN
ajeer-230	51	8	co	co	NOUN
ajeer-230	51	9	-	-	NOUN
ajeer-230	51	10	operatives	operative	NOUN
ajeer-230	51	11	around	around	ADP
ajeer-230	51	12	the	the	DET
ajeer-230	51	13	world	world	NOUN
ajeer-230	51	14	do	do	AUX
ajeer-230	51	15	not	not	PART
ajeer-230	51	16	exist	exist	VERB
ajeer-230	51	17	to	to	PART
ajeer-230	51	18	allocate	allocate	VERB
ajeer-230	51	19	credit	credit	NOUN
ajeer-230	51	20	to	to	ADP
ajeer-230	51	21	their	their	PRON
ajeer-230	51	22	members	member	NOUN
ajeer-230	51	23	as	as	ADP
ajeer-230	51	24	only	only	ADV
ajeer-230	51	25	30	30	NUM
ajeer-230	51	26	%	%	NOUN
ajeer-230	51	27	70	70	NUM
ajeer-230	51	28	%	%	NOUN
ajeer-230	51	29	is	be	AUX
ajeer-230	51	30	allocated	allocate	VERB
ajeer-230	51	31	as	as	ADP
ajeer-230	51	32	loans	loan	NOUN
ajeer-230	51	33	and	and	CCONJ
ajeer-230	51	34	the	the	DET
ajeer-230	51	35	rest	rest	NOUN
ajeer-230	51	36	is	be	AUX
ajeer-230	51	37	either	either	CCONJ
ajeer-230	51	38	in	in	ADP
ajeer-230	51	39	cash	cash	NOUN
ajeer-230	51	40	and	and	CCONJ
ajeer-230	51	41	cash	cash	NOUN
ajeer-230	51	42	equivalent	equivalent	NOUN
ajeer-230	51	43	.	.	PUNCT
ajeer-230	52	1	a	a	DET
ajeer-230	52	2	study	study	NOUN
ajeer-230	52	3	by	by	ADP
ajeer-230	52	4	johnson	johnson	PROPN
ajeer-230	52	5	and	and	CCONJ
ajeer-230	52	6	nino	nino	PROPN
ajeer-230	52	7	-	-	PUNCT
ajeer-230	52	8	zarazua	zarazua	NOUN
ajeer-230	52	9	(	(	PUNCT
ajeer-230	52	10	2008	2008	NUM
ajeer-230	52	11	)	)	PUNCT
ajeer-230	52	12	has	have	AUX
ajeer-230	52	13	shown	show	VERB
ajeer-230	52	14	that	that	SCONJ
ajeer-230	52	15	in	in	ADP
ajeer-230	52	16	kenya	kenya	NOUN
ajeer-230	52	17	12.8	12.8	NUM
ajeer-230	52	18	%	%	NOUN
ajeer-230	52	19	of	of	ADP
ajeer-230	52	20	the	the	DET
ajeer-230	52	21	population	population	NOUN
ajeer-230	52	22	save	save	VERB
ajeer-230	52	23	with	with	ADP
ajeer-230	52	24	saccos	sacco	NOUN
ajeer-230	52	25	and	and	CCONJ
ajeer-230	52	26	4.1	4.1	NUM
ajeer-230	52	27	%	%	NOUN
ajeer-230	52	28	borrow	borrow	VERB
ajeer-230	52	29	from	from	ADP
ajeer-230	52	30	them	they	PRON
ajeer-230	52	31	.	.	PUNCT
ajeer-230	53	1	in	in	ADP
ajeer-230	53	2	addition	addition	NOUN
ajeer-230	53	3	,	,	PUNCT
ajeer-230	53	4	saccos	saccos	PROPN
ajeer-230	53	5	in	in	ADP
ajeer-230	53	6	kenya	kenya	PROPN
ajeer-230	53	7	are	be	AUX
ajeer-230	53	8	principally	principally	ADV
ajeer-230	53	9	either	either	CCONJ
ajeer-230	53	10	based	base	VERB
ajeer-230	53	11	on	on	ADP
ajeer-230	53	12	common	common	ADJ
ajeer-230	53	13	bonds	bond	NOUN
ajeer-230	53	14	of	of	ADP
ajeer-230	53	15	farming	farming	NOUN
ajeer-230	53	16	or	or	CCONJ
ajeer-230	53	17	employment	employment	NOUN
ajeer-230	53	18	(	(	PUNCT
ajeer-230	53	19	johnson	johnson	PROPN
ajeer-230	53	20	and	and	CCONJ
ajeer-230	53	21	nino	nino	PROPN
ajeer-230	53	22	-	-	PUNCT
ajeer-230	53	23	zarazua	zarazua	PROPN
ajeer-230	53	24	,	,	PUNCT
ajeer-230	53	25	2008	2008	NUM
ajeer-230	53	26	)	)	PUNCT
ajeer-230	53	27	.	.	PUNCT
ajeer-230	54	1	it	it	PRON
ajeer-230	54	2	is	be	AUX
ajeer-230	54	3	also	also	ADV
ajeer-230	54	4	worth	worth	ADJ
ajeer-230	54	5	noting	note	VERB
ajeer-230	54	6	that	that	SCONJ
ajeer-230	54	7	in	in	ADP
ajeer-230	54	8	africa	africa	PROPN
ajeer-230	54	9	south	south	ADV
ajeer-230	54	10	of	of	ADP
ajeer-230	54	11	the	the	DET
ajeer-230	54	12	sahara	sahara	PROPN
ajeer-230	54	13	,	,	PUNCT
ajeer-230	54	14	kenyan	kenyan	PROPN
ajeer-230	54	15	saccos	saccos	PROPN
ajeer-230	54	16	movement	movement	PROPN
ajeer-230	54	17	has	have	VERB
ajeer-230	54	18	the	the	DET
ajeer-230	54	19	second	second	ADV
ajeer-230	54	20	largest	large	ADJ
ajeer-230	54	21	number	number	NOUN
ajeer-230	54	22	of	of	ADP
ajeer-230	54	23	saccos	sacco	NOUN
ajeer-230	54	24	following	follow	VERB
ajeer-230	54	25	ethiopia	ethiopia	PROPN
ajeer-230	54	26	(	(	PUNCT
ajeer-230	54	27	woccu	woccu	VERB
ajeer-230	54	28	,	,	PUNCT
ajeer-230	54	29	2009	2009	NUM
ajeer-230	54	30	)	)	PUNCT
ajeer-230	54	31	.	.	PUNCT
ajeer-230	55	1	for	for	ADP
ajeer-230	55	2	instance	instance	NOUN
ajeer-230	55	3	,	,	PUNCT
ajeer-230	55	4	in	in	ADP
ajeer-230	55	5	march	march	PROPN
ajeer-230	55	6	2013	2013	NUM
ajeer-230	55	7	,	,	PUNCT
ajeer-230	55	8	the	the	DET
ajeer-230	55	9	number	number	NOUN
ajeer-230	55	10	of	of	ADP
ajeer-230	55	11	saccos	saccos	PROPN
ajeer-230	55	12	in	in	ADP
ajeer-230	55	13	tanzania	tanzania	PROPN
ajeer-230	55	14	were	be	AUX
ajeer-230	55	15	5,559	5,559	NUM
ajeer-230	55	16	(	(	PUNCT
ajeer-230	55	17	magali	magali	PROPN
ajeer-230	55	18	,	,	PUNCT
ajeer-230	55	19	2014	2014	NUM
ajeer-230	55	20	)	)	PUNCT
ajeer-230	55	21	while	while	SCONJ
ajeer-230	55	22	in	in	ADP
ajeer-230	55	23	kenya	kenya	PROPN
ajeer-230	55	24	the	the	DET
ajeer-230	55	25	total	total	ADJ
ajeer-230	55	26	number	number	NOUN
ajeer-230	55	27	of	of	ADP
ajeer-230	55	28	registered	register	VERB
ajeer-230	55	29	saccos	sacco	NOUN
ajeer-230	55	30	were	be	AUX
ajeer-230	55	31	estimated	estimate	VERB
ajeer-230	55	32	at	at	ADP
ajeer-230	55	33	about	about	ADV
ajeer-230	55	34	7,500	7,500	NUM
ajeer-230	55	35	in	in	ADP
ajeer-230	55	36	august	august	PROPN
ajeer-230	55	37	2013	2013	NUM
ajeer-230	55	38	(	(	PUNCT
ajeer-230	55	39	sasra	sasra	NOUN
ajeer-230	55	40	,	,	PUNCT
ajeer-230	55	41	2013	2013	NUM
ajeer-230	55	42	)	)	PUNCT
ajeer-230	55	43	.	.	PUNCT
ajeer-230	56	1	the	the	DET
ajeer-230	56	2	efficiency	efficiency	NOUN
ajeer-230	56	3	of	of	ADP
ajeer-230	56	4	co	co	NOUN
ajeer-230	56	5	-	-	NOUN
ajeer-230	56	6	operatives	operative	NOUN
ajeer-230	56	7	during	during	ADP
ajeer-230	56	8	the	the	DET
ajeer-230	56	9	era	era	NOUN
ajeer-230	56	10	of	of	ADP
ajeer-230	56	11	economic	economic	ADJ
ajeer-230	56	12	liberalization	liberalization	NOUN
ajeer-230	56	13	(	(	PUNCT
ajeer-230	56	14	1980s	1980	NOUN
ajeer-230	56	15	up	up	ADP
ajeer-230	56	16	to	to	ADP
ajeer-230	56	17	2004	2004	NUM
ajeer-230	56	18	)	)	PUNCT
ajeer-230	56	19	was	be	AUX
ajeer-230	56	20	initially	initially	ADV
ajeer-230	56	21	absolutely	absolutely	ADV
ajeer-230	56	22	poor	poor	ADJ
ajeer-230	56	23	due	due	ADP
ajeer-230	56	24	to	to	ADP
ajeer-230	56	25	the	the	DET
ajeer-230	56	26	government	government	NOUN
ajeer-230	56	27	modus	modus	X
ajeer-230	56	28	operandi	operandi	X
ajeer-230	56	29	(	(	PUNCT
ajeer-230	56	30	wanyama	wanyama	NOUN
ajeer-230	56	31	,	,	PUNCT
ajeer-230	56	32	2009	2009	NUM
ajeer-230	56	33	)	)	PUNCT
ajeer-230	56	34	.	.	PUNCT
ajeer-230	57	1	however	however	ADV
ajeer-230	57	2	since	since	SCONJ
ajeer-230	57	3	the	the	DET
ajeer-230	57	4	start	start	NOUN
ajeer-230	57	5	of	of	ADP
ajeer-230	57	6	the	the	DET
ajeer-230	57	7	second	second	ADJ
ajeer-230	57	8	era	era	NOUN
ajeer-230	57	9	period	period	NOUN
ajeer-230	57	10	;	;	PUNCT
ajeer-230	57	11	co	co	ADJ
ajeer-230	57	12	-	-	ADJ
ajeer-230	57	13	operative	operative	ADJ
ajeer-230	57	14	development	development	NOUN
ajeer-230	57	15	in	in	ADP
ajeer-230	57	16	the	the	DET
ajeer-230	57	17	country	country	NOUN
ajeer-230	57	18	is	be	AUX
ajeer-230	57	19	still	still	ADV
ajeer-230	57	20	not	not	PART
ajeer-230	57	21	well	well	ADV
ajeer-230	57	22	understood	understand	VERB
ajeer-230	57	23	.	.	PUNCT
ajeer-230	58	1	this	this	PRON
ajeer-230	58	2	is	be	AUX
ajeer-230	58	3	because	because	SCONJ
ajeer-230	58	4	there	there	PRON
ajeer-230	58	5	are	be	VERB
ajeer-230	58	6	a	a	DET
ajeer-230	58	7	few	few	ADJ
ajeer-230	58	8	studies	study	NOUN
ajeer-230	58	9	in	in	ADP
ajeer-230	58	10	the	the	DET
ajeer-230	58	11	area	area	NOUN
ajeer-230	58	12	of	of	ADP
ajeer-230	58	13	co	co	NOUN
ajeer-230	58	14	-	-	NOUN
ajeer-230	58	15	operatives	operative	NOUN
ajeer-230	58	16	since	since	SCONJ
ajeer-230	58	17	1990	1990	NUM
ajeer-230	58	18	(	(	PUNCT
ajeer-230	58	19	evans	evans	PROPN
ajeer-230	58	20	,	,	PUNCT
ajeer-230	58	21	2002	2002	NUM
ajeer-230	58	22	;	;	PUNCT
ajeer-230	58	23	petrie	petrie	NOUN
ajeer-230	58	24	,	,	PUNCT
ajeer-230	58	25	2002	2002	NUM
ajeer-230	58	26	;	;	PUNCT
ajeer-230	58	27	emerson	emerson	PROPN
ajeer-230	58	28	and	and	CCONJ
ajeer-230	58	29	wiren	wiren	NOUN
ajeer-230	58	30	,	,	PUNCT
ajeer-230	58	31	2005	2005	NUM
ajeer-230	58	32	)	)	PUNCT
ajeer-230	58	33	.	.	PUNCT
ajeer-230	59	1	further	far	ADV
ajeer-230	59	2	,	,	PUNCT
ajeer-230	59	3	these	these	DET
ajeer-230	59	4	studies	study	NOUN
ajeer-230	59	5	are	be	AUX
ajeer-230	59	6	basically	basically	ADV
ajeer-230	59	7	based	base	VERB
ajeer-230	59	8	on	on	ADP
ajeer-230	59	9	absolute	absolute	ADJ
ajeer-230	59	10	performance	performance	NOUN
ajeer-230	59	11	measures	measure	NOUN
ajeer-230	59	12	(	(	PUNCT
ajeer-230	59	13	such	such	ADJ
ajeer-230	59	14	as	as	ADP
ajeer-230	59	15	increase	increase	NOUN
ajeer-230	59	16	in	in	ADP
ajeer-230	59	17	loans	loan	NOUN
ajeer-230	59	18	,	,	PUNCT
ajeer-230	59	19	increase	increase	NOUN
ajeer-230	59	20	in	in	ADP
ajeer-230	59	21	membership	membership	NOUN
ajeer-230	59	22	levels	level	NOUN
ajeer-230	59	23	of	of	ADP
ajeer-230	59	24	delinquent	delinquent	ADJ
ajeer-230	59	25	loans	loan	NOUN
ajeer-230	59	26	,	,	PUNCT
ajeer-230	59	27	and	and	CCONJ
ajeer-230	59	28	growth	growth	NOUN
ajeer-230	59	29	in	in	ADP
ajeer-230	59	30	number	number	NOUN
ajeer-230	59	31	of	of	ADP
ajeer-230	59	32	co	co	NOUN
ajeer-230	59	33	-	-	NOUN
ajeer-230	59	34	operatives	operative	NOUN
ajeer-230	59	35	)	)	PUNCT
ajeer-230	59	36	and	and	CCONJ
ajeer-230	59	37	interview	interview	NOUN
ajeer-230	59	38	responses	response	NOUN
ajeer-230	59	39	from	from	ADP
ajeer-230	59	40	the	the	DET
ajeer-230	59	41	stakeholders	stakeholder	NOUN
ajeer-230	59	42	.	.	PUNCT
ajeer-230	60	1	the	the	DET
ajeer-230	60	2	situation	situation	NOUN
ajeer-230	60	3	is	be	AUX
ajeer-230	60	4	slowly	slowly	ADV
ajeer-230	60	5	changing	change	VERB
ajeer-230	60	6	as	as	ADP
ajeer-230	60	7	other	other	ADJ
ajeer-230	60	8	research	research	NOUN
ajeer-230	60	9	are	be	AUX
ajeer-230	60	10	now	now	ADV
ajeer-230	60	11	coming	come	VERB
ajeer-230	60	12	up	up	ADP
ajeer-230	60	13	especially	especially	ADV
ajeer-230	60	14	based	base	VERB
ajeer-230	60	15	on	on	ADP
ajeer-230	60	16	ratios	ratio	NOUN
ajeer-230	60	17	,	,	PUNCT
ajeer-230	60	18	efficiency	efficiency	NOUN
ajeer-230	60	19	and	and	CCONJ
ajeer-230	60	20	multiple	multiple	ADJ
ajeer-230	60	21	regression	regression	NOUN
ajeer-230	60	22	such	such	ADJ
ajeer-230	60	23	as	as	ADP
ajeer-230	60	24	(	(	PUNCT
ajeer-230	60	25	tesfamariam	tesfamariam	PROPN
ajeer-230	60	26	et	et	PROPN
ajeer-230	60	27	al	al	PROPN
ajeer-230	60	28	.	.	PROPN
ajeer-230	60	29	,	,	PUNCT
ajeer-230	60	30	2013	2013	NUM
ajeer-230	60	31	;	;	PUNCT
ajeer-230	60	32	kivuvo	kivuvo	PROPN
ajeer-230	60	33	and	and	CCONJ
ajeer-230	60	34	olweny	olweny	PROPN
ajeer-230	60	35	,	,	PUNCT
ajeer-230	60	36	2014	2014	NUM
ajeer-230	60	37	;	;	PUNCT
ajeer-230	60	38	mirie	mirie	ADJ
ajeer-230	60	39	,	,	PUNCT
ajeer-230	60	40	2014	2014	NUM
ajeer-230	60	41	;	;	PUNCT
ajeer-230	60	42	marwa	marwa	PROPN
ajeer-230	60	43	and	and	CCONJ
ajeer-230	60	44	aziakpono	aziakpono	PROPN
ajeer-230	60	45	,	,	PUNCT
ajeer-230	60	46	2015	2015	NUM
ajeer-230	60	47	)	)	PUNCT
ajeer-230	60	48	.	.	PUNCT
ajeer-230	61	1	during	during	ADP
ajeer-230	61	2	the	the	DET
ajeer-230	61	3	pre	pre	ADJ
ajeer-230	61	4	-	-	ADJ
ajeer-230	61	5	regulation	regulation	ADJ
ajeer-230	61	6	era	era	NOUN
ajeer-230	61	7	in	in	ADP
ajeer-230	61	8	2009	2009	NUM
ajeer-230	61	9	,	,	PUNCT
ajeer-230	61	10	the	the	DET
ajeer-230	61	11	world	world	NOUN
ajeer-230	61	12	experienced	experience	VERB
ajeer-230	61	13	a	a	DET
ajeer-230	61	14	financial	financial	ADJ
ajeer-230	61	15	crisis	crisis	NOUN
ajeer-230	61	16	that	that	PRON
ajeer-230	61	17	affected	affect	VERB
ajeer-230	61	18	the	the	DET
ajeer-230	61	19	efficiency	efficiency	NOUN
ajeer-230	61	20	of	of	ADP
ajeer-230	61	21	financial	financial	ADJ
ajeer-230	61	22	institutions	institution	NOUN
ajeer-230	61	23	over	over	ADP
ajeer-230	61	24	the	the	DET
ajeer-230	61	25	period	period	NOUN
ajeer-230	61	26	and	and	CCONJ
ajeer-230	61	27	this	this	PRON
ajeer-230	61	28	was	be	AUX
ajeer-230	61	29	amenably	amenably	ADV
ajeer-230	61	30	reflected	reflect	VERB
ajeer-230	61	31	in	in	ADP
ajeer-230	61	32	the	the	DET
ajeer-230	61	33	levels	level	NOUN
ajeer-230	61	34	of	of	ADP
ajeer-230	61	35	macro	macro	ADJ
ajeer-230	61	36	-	-	ADJ
ajeer-230	61	37	economic	economic	ADJ
ajeer-230	61	38	indicators	indicator	NOUN
ajeer-230	61	39	including	include	VERB
ajeer-230	61	40	gdp	gdp	NOUN
ajeer-230	61	41	.	.	PUNCT
ajeer-230	62	1	in	in	ADP
ajeer-230	62	2	2009	2009	NUM
ajeer-230	62	3	,	,	PUNCT
ajeer-230	62	4	for	for	ADP
ajeer-230	62	5	instance	instance	NOUN
ajeer-230	62	6	the	the	DET
ajeer-230	62	7	global	global	ADJ
ajeer-230	62	8	economy	economy	NOUN
ajeer-230	62	9	contracted	contract	VERB
ajeer-230	62	10	by	by	ADP
ajeer-230	62	11	negative	negative	ADJ
ajeer-230	62	12	0.6	0.6	NUM
ajeer-230	62	13	%	%	NOUN
ajeer-230	62	14	(	(	PUNCT
ajeer-230	62	15	imf	imf	PROPN
ajeer-230	62	16	,	,	PUNCT
ajeer-230	62	17	2012	2012	NUM
ajeer-230	62	18	)	)	PUNCT
ajeer-230	62	19	while	while	SCONJ
ajeer-230	62	20	in	in	ADP
ajeer-230	62	21	2011	2011	NUM
ajeer-230	62	22	the	the	DET
ajeer-230	62	23	country	country	NOUN
ajeer-230	62	24	also	also	ADV
ajeer-230	62	25	experienced	experience	VERB
ajeer-230	62	26	a	a	DET
ajeer-230	62	27	down	down	ADJ
ajeer-230	62	28	turn	turn	NOUN
ajeer-230	62	29	in	in	ADP
ajeer-230	62	30	the	the	DET
ajeer-230	62	31	economy	economy	NOUN
ajeer-230	62	32	due	due	ADP
ajeer-230	62	33	to	to	ADP
ajeer-230	62	34	high	high	ADJ
ajeer-230	62	35	fluctuation	fluctuation	NOUN
ajeer-230	62	36	of	of	ADP
ajeer-230	62	37	the	the	DET
ajeer-230	62	38	kenya	kenya	PROPN
ajeer-230	62	39	shilling	shilling	NOUN
ajeer-230	62	40	against	against	ADP
ajeer-230	62	41	the	the	DET
ajeer-230	62	42	hard	hard	ADJ
ajeer-230	62	43	foreign	foreign	ADJ
ajeer-230	62	44	currencies	currency	NOUN
ajeer-230	62	45	(	(	PUNCT
ajeer-230	62	46	sasra	sasra	NOUN
ajeer-230	62	47	,	,	PUNCT
ajeer-230	62	48	2011	2011	NUM
ajeer-230	62	49	)	)	PUNCT
ajeer-230	62	50	.	.	PUNCT
ajeer-230	63	1	in	in	ADP
ajeer-230	63	2	addition	addition	NOUN
ajeer-230	63	3	,	,	PUNCT
ajeer-230	63	4	the	the	DET
ajeer-230	63	5	gdp	gdp	NOUN
ajeer-230	63	6	percent	percent	NOUN
ajeer-230	63	7	change	change	NOUN
ajeer-230	63	8	rate	rate	NOUN
ajeer-230	63	9	fluctuated	fluctuate	VERB
ajeer-230	63	10	to	to	ADP
ajeer-230	63	11	an	an	DET
ajeer-230	63	12	average	average	NOUN
ajeer-230	63	13	of	of	ADP
ajeer-230	63	14	5.13	5.13	NUM
ajeer-230	63	15	%	%	NOUN
ajeer-230	63	16	in	in	ADP
ajeer-230	63	17	2012	2012	NUM
ajeer-230	63	18	before	before	ADP
ajeer-230	63	19	rising	rise	VERB
ajeer-230	63	20	again	again	ADV
ajeer-230	63	21	to	to	ADP
ajeer-230	63	22	a	a	DET
ajeer-230	63	23	mean	mean	NOUN
ajeer-230	63	24	of	of	ADP
ajeer-230	63	25	5.62	5.62	NUM
ajeer-230	63	26	%	%	NOUN
ajeer-230	63	27	in	in	ADP
ajeer-230	63	28	2013	2013	NUM
ajeer-230	63	29	(	(	PUNCT
ajeer-230	63	30	imf	imf	PROPN
ajeer-230	63	31	,	,	PUNCT
ajeer-230	63	32	2014	2014	NUM
ajeer-230	63	33	)	)	PUNCT
ajeer-230	63	34	.	.	PUNCT
ajeer-230	64	1	the	the	DET
ajeer-230	64	2	down	down	ADJ
ajeer-230	64	3	turn	turn	NOUN
ajeer-230	64	4	in	in	ADP
ajeer-230	64	5	an	an	DET
ajeer-230	64	6	economy	economy	NOUN
ajeer-230	64	7	impairs	impair	VERB
ajeer-230	64	8	the	the	DET
ajeer-230	64	9	efficiency	efficiency	NOUN
ajeer-230	64	10	of	of	ADP
ajeer-230	64	11	commercial	commercial	ADJ
ajeer-230	64	12	enterprises	enterprise	NOUN
ajeer-230	64	13	than	than	SCONJ
ajeer-230	64	14	it	it	PRON
ajeer-230	64	15	does	do	AUX
ajeer-230	64	16	to	to	PART
ajeer-230	64	17	co	co	VERB
ajeer-230	64	18	-	-	NOUN
ajeer-230	64	19	operatives	operative	NOUN
ajeer-230	64	20	.	.	PUNCT
ajeer-230	65	1	co	co	NOUN
ajeer-230	65	2	-	-	NOUN
ajeer-230	65	3	operatives	operative	NOUN
ajeer-230	65	4	have	have	AUX
ajeer-230	65	5	shown	show	VERB
ajeer-230	65	6	their	their	PRON
ajeer-230	65	7	ability	ability	NOUN
ajeer-230	65	8	to	to	PART
ajeer-230	65	9	provide	provide	VERB
ajeer-230	65	10	services	service	NOUN
ajeer-230	65	11	to	to	ADP
ajeer-230	65	12	their	their	PRON
ajeer-230	65	13	members	member	NOUN
ajeer-230	65	14	even	even	ADV
ajeer-230	65	15	during	during	ADP
ajeer-230	65	16	the	the	DET
ajeer-230	65	17	financial	financial	ADJ
ajeer-230	65	18	crisis	crisis	NOUN
ajeer-230	65	19	.	.	PUNCT
ajeer-230	66	1	however	however	ADV
ajeer-230	66	2	,	,	PUNCT
ajeer-230	66	3	in	in	ADP
ajeer-230	66	4	developing	develop	VERB
ajeer-230	66	5	countries	country	NOUN
ajeer-230	66	6	of	of	ADP
ajeer-230	66	7	africa	africa	PROPN
ajeer-230	66	8	the	the	DET
ajeer-230	66	9	co	co	NOUN
ajeer-230	66	10	-	-	NOUN
ajeer-230	66	11	operatives	operative	NOUN
ajeer-230	66	12	’	'	PUNCT
ajeer-230	66	13	resilience	resilience	NOUN
ajeer-230	66	14	to	to	ADP
ajeer-230	66	15	financial	financial	ADJ
ajeer-230	66	16	crisis	crisis	NOUN
ajeer-230	66	17	is	be	AUX
ajeer-230	66	18	not	not	PART
ajeer-230	66	19	strong	strong	ADJ
ajeer-230	66	20	and	and	CCONJ
ajeer-230	66	21	this	this	PRON
ajeer-230	66	22	coupled	couple	VERB
ajeer-230	66	23	with	with	ADP
ajeer-230	66	24	the	the	DET
ajeer-230	66	25	internal	internal	ADJ
ajeer-230	66	26	political	political	ADJ
ajeer-230	66	27	impact	impact	NOUN
ajeer-230	66	28	or	or	CCONJ
ajeer-230	66	29	mismanagement	mismanagement	NOUN
ajeer-230	66	30	within	within	ADP
ajeer-230	66	31	co	co	NOUN
ajeer-230	66	32	-	-	NOUN
ajeer-230	66	33	operatives	operative	NOUN
ajeer-230	66	34	means	mean	NOUN
ajeer-230	66	35	,	,	PUNCT
ajeer-230	66	36	the	the	DET
ajeer-230	66	37	crisis	crisis	NOUN
ajeer-230	66	38	gets	get	VERB
ajeer-230	66	39	worse	bad	ADJ
ajeer-230	66	40	(	(	PUNCT
ajeer-230	66	41	wanyama	wanyama	NOUN
ajeer-230	66	42	et	et	PROPN
ajeer-230	66	43	al	al	PROPN
ajeer-230	66	44	.	.	PROPN
ajeer-230	66	45	,	,	PUNCT
ajeer-230	66	46	2009	2009	NUM
ajeer-230	66	47	)	)	PUNCT
ajeer-230	66	48	.	.	PUNCT
ajeer-230	67	1	this	this	PRON
ajeer-230	67	2	then	then	ADV
ajeer-230	67	3	raises	raise	VERB
ajeer-230	67	4	a	a	DET
ajeer-230	67	5	corporate	corporate	ADJ
ajeer-230	67	6	governance	governance	NOUN
ajeer-230	67	7	or	or	CCONJ
ajeer-230	67	8	integrity	integrity	NOUN
ajeer-230	67	9	problem	problem	NOUN
ajeer-230	67	10	in	in	ADP
ajeer-230	67	11	co	co	ADJ
ajeer-230	67	12	-	-	ADJ
ajeer-230	67	13	operative	operative	ADJ
ajeer-230	67	14	movement	movement	NOUN
ajeer-230	67	15	asian	asian	PROPN
ajeer-230	67	16	journal	journal	PROPN
ajeer-230	67	17	of	of	ADP
ajeer-230	67	18	economics	economic	NOUN
ajeer-230	67	19	and	and	CCONJ
ajeer-230	67	20	empirical	empirical	ADJ
ajeer-230	67	21	research	research	NOUN
ajeer-230	67	22	,	,	PUNCT
ajeer-230	67	23	2017	2017	NUM
ajeer-230	67	24	,	,	PUNCT
ajeer-230	67	25	4(2	4(2	NUM
ajeer-230	67	26	):	):	PUNCT
ajeer-230	67	27	49	49	NUM
ajeer-230	67	28	-	-	SYM
ajeer-230	67	29	60	60	NUM
ajeer-230	67	30	51	51	NUM
ajeer-230	67	31	that	that	PRON
ajeer-230	67	32	was	be	AUX
ajeer-230	67	33	catered	cater	VERB
ajeer-230	67	34	for	for	ADP
ajeer-230	67	35	,	,	PUNCT
ajeer-230	67	36	to	to	ADP
ajeer-230	67	37	some	some	DET
ajeer-230	67	38	extent	extent	NOUN
ajeer-230	67	39	,	,	PUNCT
ajeer-230	67	40	in	in	ADP
ajeer-230	67	41	this	this	DET
ajeer-230	67	42	study	study	NOUN
ajeer-230	67	43	through	through	ADP
ajeer-230	67	44	the	the	DET
ajeer-230	67	45	introduction	introduction	NOUN
ajeer-230	67	46	of	of	ADP
ajeer-230	67	47	the	the	DET
ajeer-230	67	48	number	number	NOUN
ajeer-230	67	49	of	of	ADP
ajeer-230	67	50	women	woman	NOUN
ajeer-230	67	51	on	on	ADP
ajeer-230	67	52	the	the	DET
ajeer-230	67	53	board	board	NOUN
ajeer-230	67	54	predictor	predictor	NOUN
ajeer-230	67	55	variable	variable	NOUN
ajeer-230	67	56	.	.	PUNCT
ajeer-230	68	1	according	accord	VERB
ajeer-230	68	2	to	to	ADP
ajeer-230	68	3	prior	prior	ADJ
ajeer-230	68	4	studies	study	NOUN
ajeer-230	68	5	,	,	PUNCT
ajeer-230	68	6	there	there	PRON
ajeer-230	68	7	is	be	VERB
ajeer-230	68	8	a	a	DET
ajeer-230	68	9	conflicting	conflicting	ADJ
ajeer-230	68	10	result	result	NOUN
ajeer-230	68	11	on	on	ADP
ajeer-230	68	12	effect	effect	NOUN
ajeer-230	68	13	of	of	ADP
ajeer-230	68	14	gender	gender	NOUN
ajeer-230	68	15	diversity	diversity	NOUN
ajeer-230	68	16	on	on	ADP
ajeer-230	68	17	the	the	DET
ajeer-230	68	18	boards	board	NOUN
ajeer-230	68	19	.	.	PUNCT
ajeer-230	69	1	adams	adams	PROPN
ajeer-230	69	2	and	and	CCONJ
ajeer-230	69	3	ferreira	ferreira	PROPN
ajeer-230	69	4	(	(	PUNCT
ajeer-230	69	5	2008	2008	NUM
ajeer-230	69	6	)	)	PUNCT
ajeer-230	69	7	argue	argue	VERB
ajeer-230	69	8	that	that	SCONJ
ajeer-230	69	9	on	on	ADP
ajeer-230	69	10	average	average	ADJ
ajeer-230	69	11	the	the	DET
ajeer-230	69	12	presence	presence	NOUN
ajeer-230	69	13	of	of	ADP
ajeer-230	69	14	both	both	DET
ajeer-230	69	15	gender	gender	NOUN
ajeer-230	69	16	on	on	ADP
ajeer-230	69	17	the	the	DET
ajeer-230	69	18	boards	board	NOUN
ajeer-230	69	19	in	in	ADP
ajeer-230	69	20	companies	company	NOUN
ajeer-230	69	21	having	have	VERB
ajeer-230	69	22	no	no	DET
ajeer-230	69	23	takeover	takeover	NOUN
ajeer-230	69	24	prevention	prevention	NOUN
ajeer-230	69	25	mechanism	mechanism	NOUN
ajeer-230	69	26	do	do	AUX
ajeer-230	69	27	experience	experience	VERB
ajeer-230	69	28	inefficiency	inefficiency	NOUN
ajeer-230	69	29	.	.	PUNCT
ajeer-230	70	1	on	on	ADP
ajeer-230	70	2	the	the	DET
ajeer-230	70	3	contrary	contrary	NOUN
ajeer-230	70	4	,	,	PUNCT
ajeer-230	70	5	higgs	higgs	PROPN
ajeer-230	70	6	(	(	PUNCT
ajeer-230	70	7	2003	2003	NUM
ajeer-230	70	8	)	)	PUNCT
ajeer-230	70	9	postulate	postulate	VERB
ajeer-230	70	10	that	that	SCONJ
ajeer-230	70	11	performance	performance	NOUN
ajeer-230	70	12	improvement	improvement	NOUN
ajeer-230	70	13	result	result	NOUN
ajeer-230	70	14	from	from	ADP
ajeer-230	70	15	gender	gender	NOUN
ajeer-230	70	16	diversity	diversity	NOUN
ajeer-230	70	17	in	in	ADP
ajeer-230	70	18	the	the	DET
ajeer-230	70	19	board	board	NOUN
ajeer-230	70	20	room	room	NOUN
ajeer-230	70	21	while	while	SCONJ
ajeer-230	70	22	gompers	gomper	NOUN
ajeer-230	70	23	et	et	PROPN
ajeer-230	70	24	al	al	PROPN
ajeer-230	70	25	.	.	PROPN
ajeer-230	71	1	(	(	PUNCT
ajeer-230	71	2	2003	2003	NUM
ajeer-230	71	3	)	)	PUNCT
ajeer-230	71	4	conclude	conclude	VERB
ajeer-230	71	5	that	that	SCONJ
ajeer-230	71	6	gender	gender	NOUN
ajeer-230	71	7	is	be	AUX
ajeer-230	71	8	a	a	DET
ajeer-230	71	9	good	good	ADJ
ajeer-230	71	10	performance	performance	NOUN
ajeer-230	71	11	contributor	contributor	NOUN
ajeer-230	71	12	in	in	ADP
ajeer-230	71	13	organizations	organization	NOUN
ajeer-230	71	14	with	with	ADP
ajeer-230	71	15	non	non	ADJ
ajeer-230	71	16	-	-	ADJ
ajeer-230	71	17	strong	strong	ADJ
ajeer-230	71	18	shareholder	shareholder	NOUN
ajeer-230	71	19	rights	right	NOUN
ajeer-230	71	20	.	.	PUNCT
ajeer-230	72	1	the	the	DET
ajeer-230	72	2	latest	late	ADJ
ajeer-230	72	3	liberalization	liberalization	NOUN
ajeer-230	72	4	of	of	ADP
ajeer-230	72	5	co	co	NOUN
ajeer-230	72	6	-	-	NOUN
ajeer-230	72	7	operatives	operative	NOUN
ajeer-230	72	8	movement	movement	NOUN
ajeer-230	72	9	is	be	AUX
ajeer-230	72	10	in	in	ADP
ajeer-230	72	11	the	the	DET
ajeer-230	72	12	area	area	NOUN
ajeer-230	72	13	of	of	ADP
ajeer-230	72	14	devolution	devolution	NOUN
ajeer-230	72	15	of	of	ADP
ajeer-230	72	16	co	co	NOUN
ajeer-230	72	17	-	-	NOUN
ajeer-230	72	18	operatives	operative	NOUN
ajeer-230	72	19	regulation	regulation	NOUN
ajeer-230	72	20	from	from	ADP
ajeer-230	72	21	the	the	DET
ajeer-230	72	22	national	national	ADJ
ajeer-230	72	23	level	level	NOUN
ajeer-230	72	24	to	to	ADP
ajeer-230	72	25	county	county	NOUN
ajeer-230	72	26	levels	level	NOUN
ajeer-230	72	27	as	as	SCONJ
ajeer-230	72	28	enshrined	enshrine	VERB
ajeer-230	72	29	in	in	ADP
ajeer-230	72	30	the	the	DET
ajeer-230	72	31	constitution	constitution	NOUN
ajeer-230	72	32	of	of	ADP
ajeer-230	72	33	kenya	kenya	PROPN
ajeer-230	72	34	2010	2010	NUM
ajeer-230	72	35	(	(	PUNCT
ajeer-230	72	36	cok	cok	PROPN
ajeer-230	72	37	,	,	PUNCT
ajeer-230	72	38	2010	2010	NUM
ajeer-230	72	39	;	;	PUNCT
ajeer-230	72	40	mocdm	mocdm	PROPN
ajeer-230	72	41	,	,	PUNCT
ajeer-230	72	42	2013	2013	NUM
ajeer-230	72	43	)	)	PUNCT
ajeer-230	72	44	.	.	PUNCT
ajeer-230	73	1	these	these	DET
ajeer-230	73	2	changes	change	NOUN
ajeer-230	73	3	are	be	AUX
ajeer-230	73	4	aimed	aim	VERB
ajeer-230	73	5	at	at	ADP
ajeer-230	73	6	enhancing	enhance	VERB
ajeer-230	73	7	efficiency	efficiency	NOUN
ajeer-230	73	8	.	.	PUNCT
ajeer-230	74	1	however	however	ADV
ajeer-230	74	2	,	,	PUNCT
ajeer-230	74	3	despite	despite	SCONJ
ajeer-230	74	4	the	the	DET
ajeer-230	74	5	existence	existence	NOUN
ajeer-230	74	6	of	of	ADP
ajeer-230	74	7	the	the	DET
ajeer-230	74	8	prudential	prudential	PROPN
ajeer-230	74	9	regulations	regulations	PROPN
ajeer-230	74	10	,	,	PUNCT
ajeer-230	74	11	the	the	DET
ajeer-230	74	12	deposit	deposit	NOUN
ajeer-230	74	13	taking	take	VERB
ajeer-230	74	14	saccos	sacco	NOUN
ajeer-230	74	15	have	have	AUX
ajeer-230	74	16	continued	continue	VERB
ajeer-230	74	17	to	to	PART
ajeer-230	74	18	reveal	reveal	VERB
ajeer-230	74	19	mixed	mixed	ADJ
ajeer-230	74	20	levels	level	NOUN
ajeer-230	74	21	of	of	ADP
ajeer-230	74	22	management	management	NOUN
ajeer-230	74	23	practices	practice	NOUN
ajeer-230	74	24	or	or	CCONJ
ajeer-230	74	25	inefficiency	inefficiency	NOUN
ajeer-230	74	26	(	(	PUNCT
ajeer-230	74	27	sasra	sasra	NOUN
ajeer-230	74	28	,	,	PUNCT
ajeer-230	74	29	2013	2013	NUM
ajeer-230	74	30	)	)	PUNCT
ajeer-230	74	31	.	.	PUNCT
ajeer-230	75	1	in	in	ADP
ajeer-230	75	2	addition	addition	NOUN
ajeer-230	75	3	,	,	PUNCT
ajeer-230	75	4	a	a	DET
ajeer-230	75	5	study	study	NOUN
ajeer-230	75	6	by	by	ADP
ajeer-230	75	7	chavez	chavez	PROPN
ajeer-230	75	8	(	(	PUNCT
ajeer-230	75	9	2006	2006	NUM
ajeer-230	75	10	)	)	PUNCT
ajeer-230	75	11	indicates	indicate	VERB
ajeer-230	75	12	that	that	SCONJ
ajeer-230	75	13	the	the	DET
ajeer-230	75	14	kenya	kenya	PROPN
ajeer-230	75	15	sacco	sacco	PROPN
ajeer-230	75	16	sub	sub	NOUN
ajeer-230	75	17	-	-	NOUN
ajeer-230	75	18	sector	sector	NOUN
ajeer-230	75	19	reflects	reflect	VERB
ajeer-230	75	20	a	a	DET
ajeer-230	75	21	seriously	seriously	ADV
ajeer-230	75	22	weak	weak	ADJ
ajeer-230	75	23	financial	financial	ADJ
ajeer-230	75	24	performance	performance	NOUN
ajeer-230	75	25	position	position	NOUN
ajeer-230	75	26	that	that	PRON
ajeer-230	75	27	is	be	AUX
ajeer-230	75	28	pervasive	pervasive	ADJ
ajeer-230	75	29	.	.	PUNCT
ajeer-230	76	1	2.1	2.1	NUM
ajeer-230	76	2	.	.	PUNCT
ajeer-230	77	1	theoretical	theoretical	ADJ
ajeer-230	77	2	review	review	NOUN
ajeer-230	77	3	this	this	DET
ajeer-230	77	4	research	research	NOUN
ajeer-230	77	5	was	be	AUX
ajeer-230	77	6	guided	guide	VERB
ajeer-230	77	7	by	by	ADP
ajeer-230	77	8	the	the	DET
ajeer-230	77	9	theory	theory	NOUN
ajeer-230	77	10	of	of	ADP
ajeer-230	77	11	agency	agency	PROPN
ajeer-230	77	12	and	and	CCONJ
ajeer-230	77	13	the	the	DET
ajeer-230	77	14	financial	financial	ADJ
ajeer-230	77	15	institutions	institution	NOUN
ajeer-230	77	16	efficiency	efficiency	NOUN
ajeer-230	77	17	measurement	measurement	NOUN
ajeer-230	77	18	theories	theory	NOUN
ajeer-230	77	19	;	;	PUNCT
ajeer-230	77	20	more	more	ADV
ajeer-230	77	21	precisely	precisely	ADV
ajeer-230	77	22	,	,	PUNCT
ajeer-230	77	23	the	the	DET
ajeer-230	77	24	intermediation	intermediation	NOUN
ajeer-230	77	25	theory	theory	NOUN
ajeer-230	77	26	.	.	PUNCT
ajeer-230	78	1	other	other	ADJ
ajeer-230	78	2	discussed	discuss	VERB
ajeer-230	78	3	models	model	NOUN
ajeer-230	78	4	relevant	relevant	ADJ
ajeer-230	78	5	to	to	ADP
ajeer-230	78	6	this	this	DET
ajeer-230	78	7	research	research	NOUN
ajeer-230	78	8	are	be	AUX
ajeer-230	78	9	the	the	DET
ajeer-230	78	10	financial	financial	ADJ
ajeer-230	78	11	institutions	institution	NOUN
ajeer-230	78	12	’	'	PUNCT
ajeer-230	78	13	prudential	prudential	PROPN
ajeer-230	78	14	monitoring	monitoring	NOUN
ajeer-230	78	15	standards	standard	NOUN
ajeer-230	78	16	.	.	PUNCT
ajeer-230	79	1	however	however	ADV
ajeer-230	79	2	,	,	PUNCT
ajeer-230	79	3	the	the	DET
ajeer-230	79	4	regulator	regulator	NOUN
ajeer-230	79	5	of	of	ADP
ajeer-230	79	6	deposit	deposit	NOUN
ajeer-230	79	7	taking	take	VERB
ajeer-230	79	8	saccos	sacco	NOUN
ajeer-230	79	9	in	in	ADP
ajeer-230	79	10	kenya	kenya	PROPN
ajeer-230	79	11	advocates	advocate	NOUN
ajeer-230	79	12	for	for	ADP
ajeer-230	79	13	the	the	DET
ajeer-230	79	14	adoption	adoption	NOUN
ajeer-230	79	15	of	of	ADP
ajeer-230	79	16	camels	camel	NOUN
ajeer-230	79	17	prudential	prudential	ADJ
ajeer-230	79	18	reporting	reporting	NOUN
ajeer-230	79	19	standards	standard	NOUN
ajeer-230	79	20	(	(	PUNCT
ajeer-230	79	21	kivuvo	kivuvo	PROPN
ajeer-230	79	22	and	and	CCONJ
ajeer-230	79	23	olweny	olweny	PROPN
ajeer-230	79	24	,	,	PUNCT
ajeer-230	79	25	2014	2014	NUM
ajeer-230	79	26	)	)	PUNCT
ajeer-230	79	27	.	.	PUNCT
ajeer-230	80	1	further	far	ADV
ajeer-230	80	2	,	,	PUNCT
ajeer-230	80	3	this	this	DET
ajeer-230	80	4	study	study	NOUN
ajeer-230	80	5	utilized	utilize	VERB
ajeer-230	80	6	the	the	DET
ajeer-230	80	7	bcc	bcc	PROPN
ajeer-230	80	8	analysis	analysis	NOUN
ajeer-230	80	9	based	base	VERB
ajeer-230	80	10	on	on	ADP
ajeer-230	80	11	inefficient	inefficient	ADJ
ajeer-230	80	12	results	result	NOUN
ajeer-230	80	13	of	of	ADP
ajeer-230	80	14	dea	dea	NOUN
ajeer-230	80	15	as	as	ADP
ajeer-230	80	16	dependent	dependent	ADJ
ajeer-230	80	17	variables	variable	NOUN
ajeer-230	80	18	(	(	PUNCT
ajeer-230	80	19	banker	banker	NOUN
ajeer-230	80	20	et	et	PROPN
ajeer-230	80	21	al	al	PROPN
ajeer-230	80	22	.	.	PROPN
ajeer-230	80	23	,	,	PUNCT
ajeer-230	80	24	1984	1984	NUM
ajeer-230	80	25	)	)	PUNCT
ajeer-230	80	26	which	which	PRON
ajeer-230	80	27	were	be	AUX
ajeer-230	80	28	used	use	VERB
ajeer-230	80	29	to	to	PART
ajeer-230	80	30	identify	identify	VERB
ajeer-230	80	31	the	the	DET
ajeer-230	80	32	variables	variable	NOUN
ajeer-230	80	33	that	that	PRON
ajeer-230	80	34	best	good	ADJ
ajeer-230	80	35	measure	measure	VERB
ajeer-230	80	36	the	the	DET
ajeer-230	80	37	pure	pure	ADJ
ajeer-230	80	38	technical	technical	ADJ
ajeer-230	80	39	inefficiency	inefficiency	NOUN
ajeer-230	80	40	of	of	ADP
ajeer-230	80	41	the	the	DET
ajeer-230	80	42	saccos	sacco	NOUN
ajeer-230	80	43	by	by	ADP
ajeer-230	80	44	running	run	VERB
ajeer-230	80	45	a	a	DET
ajeer-230	80	46	truncated	truncate	VERB
ajeer-230	80	47	-	-	PUNCT
ajeer-230	80	48	normal	normal	ADJ
ajeer-230	80	49	regression	regression	NOUN
ajeer-230	80	50	given	give	VERB
ajeer-230	80	51	a	a	DET
ajeer-230	80	52	census	census	NOUN
ajeer-230	80	53	of	of	ADP
ajeer-230	80	54	46	46	NUM
ajeer-230	80	55	deposit	deposit	NOUN
ajeer-230	80	56	taking	take	VERB
ajeer-230	80	57	saccos	sacco	NOUN
ajeer-230	80	58	that	that	PRON
ajeer-230	80	59	had	have	AUX
ajeer-230	80	60	by	by	ADP
ajeer-230	80	61	then	then	ADV
ajeer-230	80	62	attained	attain	VERB
ajeer-230	80	63	the	the	DET
ajeer-230	80	64	fosa	fosa	NOUN
ajeer-230	80	65	operation	operation	NOUN
ajeer-230	80	66	requirements	requirement	NOUN
ajeer-230	80	67	.	.	PUNCT
ajeer-230	81	1	2.2	2.2	NUM
ajeer-230	81	2	.	.	PUNCT
ajeer-230	81	3	statement	statement	NOUN
ajeer-230	81	4	of	of	ADP
ajeer-230	81	5	the	the	DET
ajeer-230	81	6	problem	problem	NOUN
ajeer-230	81	7	the	the	DET
ajeer-230	81	8	co	co	NOUN
ajeer-230	81	9	-	-	NOUN
ajeer-230	81	10	operatives	operative	NOUN
ajeer-230	81	11	sector	sector	NOUN
ajeer-230	81	12	in	in	ADP
ajeer-230	81	13	kenya	kenya	PROPN
ajeer-230	81	14	has	have	AUX
ajeer-230	81	15	gone	go	VERB
ajeer-230	81	16	through	through	ADP
ajeer-230	81	17	a	a	DET
ajeer-230	81	18	historical	historical	ADJ
ajeer-230	81	19	development	development	NOUN
ajeer-230	81	20	process	process	NOUN
ajeer-230	81	21	known	know	VERB
ajeer-230	81	22	for	for	ADP
ajeer-230	81	23	inefficiency	inefficiency	NOUN
ajeer-230	81	24	.	.	PUNCT
ajeer-230	82	1	the	the	DET
ajeer-230	82	2	inefficiency	inefficiency	NOUN
ajeer-230	82	3	was	be	AUX
ajeer-230	82	4	more	more	ADV
ajeer-230	82	5	prevalent	prevalent	ADJ
ajeer-230	82	6	during	during	ADP
ajeer-230	82	7	the	the	DET
ajeer-230	82	8	liberalization	liberalization	NOUN
ajeer-230	82	9	period	period	NOUN
ajeer-230	82	10	(	(	PUNCT
ajeer-230	82	11	wanyama	wanyama	NOUN
ajeer-230	82	12	,	,	PUNCT
ajeer-230	82	13	2009	2009	NUM
ajeer-230	82	14	)	)	PUNCT
ajeer-230	82	15	.	.	PUNCT
ajeer-230	83	1	as	as	ADP
ajeer-230	83	2	a	a	DET
ajeer-230	83	3	result	result	NOUN
ajeer-230	83	4	,	,	PUNCT
ajeer-230	83	5	the	the	DET
ajeer-230	83	6	need	need	NOUN
ajeer-230	83	7	for	for	ADP
ajeer-230	83	8	regulation	regulation	NOUN
ajeer-230	83	9	and	and	CCONJ
ajeer-230	83	10	inefficiency	inefficiency	NOUN
ajeer-230	83	11	understanding	understanding	NOUN
ajeer-230	83	12	becomes	become	VERB
ajeer-230	83	13	necessary	necessary	ADJ
ajeer-230	83	14	to	to	PART
ajeer-230	83	15	ensure	ensure	VERB
ajeer-230	83	16	the	the	DET
ajeer-230	83	17	stability	stability	NOUN
ajeer-230	83	18	of	of	ADP
ajeer-230	83	19	saccos	sacco	NOUN
ajeer-230	83	20	’	'	PUNCT
ajeer-230	83	21	sub	sub	NOUN
ajeer-230	83	22	-	-	NOUN
ajeer-230	83	23	sector	sector	NOUN
ajeer-230	83	24	and	and	CCONJ
ajeer-230	83	25	guaranteed	guarantee	VERB
ajeer-230	83	26	efficiency	efficiency	NOUN
ajeer-230	83	27	.	.	PUNCT
ajeer-230	84	1	this	this	DET
ajeer-230	84	2	study	study	NOUN
ajeer-230	84	3	is	be	AUX
ajeer-230	84	4	also	also	ADV
ajeer-230	84	5	an	an	DET
ajeer-230	84	6	addition	addition	NOUN
ajeer-230	84	7	to	to	ADP
ajeer-230	84	8	ongoing	ongoing	ADJ
ajeer-230	84	9	inefficiency	inefficiency	NOUN
ajeer-230	84	10	of	of	ADP
ajeer-230	84	11	saccos	sacco	NOUN
ajeer-230	84	12	’	'	PUNCT
ajeer-230	84	13	research	research	NOUN
ajeer-230	84	14	in	in	ADP
ajeer-230	84	15	the	the	DET
ajeer-230	84	16	kenyan	kenyan	ADJ
ajeer-230	84	17	context	context	NOUN
ajeer-230	84	18	.	.	PUNCT
ajeer-230	85	1	a	a	DET
ajeer-230	85	2	few	few	ADJ
ajeer-230	85	3	past	past	ADJ
ajeer-230	85	4	researchers	researcher	NOUN
ajeer-230	85	5	in	in	ADP
ajeer-230	85	6	kenya	kenya	PROPN
ajeer-230	85	7	have	have	AUX
ajeer-230	85	8	studied	study	VERB
ajeer-230	85	9	saccos	sacco	NOUN
ajeer-230	85	10	without	without	ADP
ajeer-230	85	11	utilizing	utilize	VERB
ajeer-230	85	12	sfa	sfa	NOUN
ajeer-230	85	13	and	and	CCONJ
ajeer-230	85	14	identifying	identify	VERB
ajeer-230	85	15	benchmark	benchmark	ADJ
ajeer-230	85	16	saccos	sacco	NOUN
ajeer-230	85	17	,	,	PUNCT
ajeer-230	85	18	they	they	PRON
ajeer-230	85	19	based	base	VERB
ajeer-230	85	20	on	on	ADP
ajeer-230	85	21	performance	performance	NOUN
ajeer-230	85	22	:	:	PUNCT
ajeer-230	85	23	(	(	PUNCT
ajeer-230	85	24	olando	olando	PROPN
ajeer-230	85	25	et	et	PROPN
ajeer-230	85	26	al	al	PROPN
ajeer-230	85	27	.	.	PROPN
ajeer-230	85	28	,	,	PUNCT
ajeer-230	85	29	2012	2012	NUM
ajeer-230	85	30	;	;	PUNCT
ajeer-230	85	31	karanja	karanja	PROPN
ajeer-230	85	32	,	,	PUNCT
ajeer-230	85	33	2013	2013	NUM
ajeer-230	85	34	;	;	PUNCT
ajeer-230	85	35	njagi	njagi	PROPN
ajeer-230	85	36	et	et	PROPN
ajeer-230	85	37	al	al	PROPN
ajeer-230	85	38	.	.	PROPN
ajeer-230	85	39	,	,	PUNCT
ajeer-230	85	40	2013	2013	NUM
ajeer-230	85	41	;	;	PUNCT
ajeer-230	85	42	nyambere	nyambere	ADJ
ajeer-230	85	43	,	,	PUNCT
ajeer-230	85	44	2013	2013	NUM
ajeer-230	85	45	;	;	PUNCT
ajeer-230	85	46	okibo	okibo	NOUN
ajeer-230	85	47	and	and	CCONJ
ajeer-230	85	48	karagu	karagu	NOUN
ajeer-230	85	49	,	,	PUNCT
ajeer-230	85	50	2014	2014	NUM
ajeer-230	85	51	;	;	PUNCT
ajeer-230	85	52	barus	barus	NOUN
ajeer-230	85	53	et	et	PROPN
ajeer-230	85	54	al	al	PROPN
ajeer-230	85	55	.	.	PROPN
ajeer-230	85	56	,	,	PUNCT
ajeer-230	85	57	2017	2017	NUM
ajeer-230	85	58	)	)	PUNCT
ajeer-230	85	59	.	.	PUNCT
ajeer-230	86	1	these	these	DET
ajeer-230	86	2	studies	study	NOUN
ajeer-230	86	3	ignored	ignore	VERB
ajeer-230	86	4	the	the	DET
ajeer-230	86	5	aspect	aspect	NOUN
ajeer-230	86	6	of	of	ADP
ajeer-230	86	7	efficiency	efficiency	NOUN
ajeer-230	86	8	measurement	measurement	NOUN
ajeer-230	86	9	yet	yet	ADV
ajeer-230	86	10	saccos	sacco	NOUN
ajeer-230	86	11	unlike	unlike	ADP
ajeer-230	86	12	other	other	ADJ
ajeer-230	86	13	commercial	commercial	ADJ
ajeer-230	86	14	enterprises	enterprise	NOUN
ajeer-230	86	15	exist	exist	VERB
ajeer-230	86	16	for	for	ADP
ajeer-230	86	17	purposes	purpose	NOUN
ajeer-230	86	18	of	of	ADP
ajeer-230	86	19	service	service	NOUN
ajeer-230	86	20	delivery	delivery	NOUN
ajeer-230	86	21	to	to	ADP
ajeer-230	86	22	members	member	NOUN
ajeer-230	86	23	and	and	CCONJ
ajeer-230	86	24	therefore	therefore	ADV
ajeer-230	86	25	are	be	AUX
ajeer-230	86	26	not	not	PART
ajeer-230	86	27	highly	highly	ADV
ajeer-230	86	28	profit	profit	NOUN
ajeer-230	86	29	oriented	orient	VERB
ajeer-230	86	30	.	.	PUNCT
ajeer-230	87	1	a	a	DET
ajeer-230	87	2	more	more	ADV
ajeer-230	87	3	recent	recent	ADJ
ajeer-230	87	4	study	study	NOUN
ajeer-230	87	5	by	by	ADP
ajeer-230	87	6	mirie	mirie	PROPN
ajeer-230	87	7	(	(	PUNCT
ajeer-230	87	8	2014	2014	NUM
ajeer-230	87	9	)	)	PUNCT
ajeer-230	87	10	indicates	indicate	VERB
ajeer-230	87	11	saccos	sacco	NOUN
ajeer-230	87	12	’	'	PUNCT
ajeer-230	87	13	efficiency	efficiency	NOUN
ajeer-230	87	14	in	in	ADP
ajeer-230	87	15	kenya	kenya	PROPN
ajeer-230	87	16	being	be	AUX
ajeer-230	87	17	within	within	ADP
ajeer-230	87	18	a	a	DET
ajeer-230	87	19	range	range	NOUN
ajeer-230	87	20	of	of	ADP
ajeer-230	87	21	0.56	0.56	NUM
ajeer-230	87	22	and	and	CCONJ
ajeer-230	87	23	1.0	1.0	NUM
ajeer-230	87	24	.	.	PUNCT
ajeer-230	88	1	however	however	ADV
ajeer-230	88	2	,	,	PUNCT
ajeer-230	88	3	it	it	PRON
ajeer-230	88	4	failed	fail	VERB
ajeer-230	88	5	to	to	PART
ajeer-230	88	6	consider	consider	VERB
ajeer-230	88	7	other	other	ADJ
ajeer-230	88	8	specific	specific	ADJ
ajeer-230	88	9	variables	variable	NOUN
ajeer-230	88	10	of	of	ADP
ajeer-230	88	11	efficiency	efficiency	NOUN
ajeer-230	88	12	measurement	measurement	NOUN
ajeer-230	88	13	such	such	ADJ
ajeer-230	88	14	as	as	ADP
ajeer-230	88	15	the	the	DET
ajeer-230	88	16	economic	economic	ADJ
ajeer-230	88	17	indicators	indicator	NOUN
ajeer-230	88	18	,	,	PUNCT
ajeer-230	88	19	gender	gender	NOUN
ajeer-230	88	20	diversity	diversity	NOUN
ajeer-230	88	21	on	on	ADP
ajeer-230	88	22	saccos	sacco	NOUN
ajeer-230	88	23	’	'	PUNCT
ajeer-230	88	24	boards	board	NOUN
ajeer-230	88	25	,	,	PUNCT
ajeer-230	88	26	and	and	CCONJ
ajeer-230	88	27	net	net	ADJ
ajeer-230	88	28	profit	profit	NOUN
ajeer-230	88	29	to	to	PART
ajeer-230	88	30	total	total	ADJ
ajeer-230	88	31	assets	asset	NOUN
ajeer-230	88	32	ratio	ratio	NOUN
ajeer-230	88	33	beside	beside	ADP
ajeer-230	88	34	the	the	DET
ajeer-230	88	35	extent	extent	NOUN
ajeer-230	88	36	of	of	ADP
ajeer-230	88	37	management	management	NOUN
ajeer-230	88	38	influence	influence	NOUN
ajeer-230	88	39	on	on	ADP
ajeer-230	88	40	saccos	sacco	NOUN
ajeer-230	88	41	’	'	PUNCT
ajeer-230	88	42	inefficiency	inefficiency	NOUN
ajeer-230	88	43	.	.	PUNCT
ajeer-230	89	1	marwa	marwa	PROPN
ajeer-230	89	2	and	and	CCONJ
ajeer-230	89	3	aziakpono	aziakpono	PROPN
ajeer-230	89	4	(	(	PUNCT
ajeer-230	89	5	2015	2015	NUM
ajeer-230	89	6	)	)	PUNCT
ajeer-230	89	7	studied	study	VERB
ajeer-230	89	8	technical	technical	ADJ
ajeer-230	89	9	and	and	CCONJ
ajeer-230	89	10	scale	scale	NOUN
ajeer-230	89	11	efficiency	efficiency	NOUN
ajeer-230	89	12	of	of	ADP
ajeer-230	89	13	saccos	saccos	PROPN
ajeer-230	89	14	in	in	ADP
ajeer-230	89	15	tanzania	tanzania	PROPN
ajeer-230	89	16	using	use	VERB
ajeer-230	89	17	dea	dea	PROPN
ajeer-230	89	18	and	and	CCONJ
ajeer-230	89	19	concluded	conclude	VERB
ajeer-230	89	20	that	that	SCONJ
ajeer-230	89	21	on	on	ADP
ajeer-230	89	22	average	average	ADJ
ajeer-230	89	23	majority	majority	NOUN
ajeer-230	89	24	of	of	ADP
ajeer-230	89	25	saccos	sacco	NOUN
ajeer-230	89	26	scored	score	VERB
ajeer-230	89	27	0.48	0.48	NUM
ajeer-230	89	28	pure	pure	ADJ
ajeer-230	89	29	technical	technical	ADJ
ajeer-230	89	30	inefficiency	inefficiency	NOUN
ajeer-230	89	31	and	and	CCONJ
ajeer-230	89	32	at	at	ADV
ajeer-230	89	33	least	least	ADV
ajeer-230	89	34	75	75	NUM
ajeer-230	89	35	%	%	NOUN
ajeer-230	89	36	of	of	ADP
ajeer-230	89	37	saccos	saccos	PROPN
ajeer-230	89	38	exhibited	exhibit	VERB
ajeer-230	89	39	an	an	DET
ajeer-230	89	40	increasing	increase	VERB
ajeer-230	89	41	returns	return	NOUN
ajeer-230	89	42	to	to	PART
ajeer-230	89	43	scale	scale	VERB
ajeer-230	89	44	.	.	PUNCT
ajeer-230	90	1	a	a	DET
ajeer-230	90	2	study	study	NOUN
ajeer-230	90	3	by	by	ADP
ajeer-230	90	4	kipesha	kipesha	PROPN
ajeer-230	90	5	(	(	PUNCT
ajeer-230	90	6	2012	2012	NUM
ajeer-230	90	7	)	)	PUNCT
ajeer-230	90	8	arrived	arrive	VERB
ajeer-230	90	9	at	at	ADP
ajeer-230	90	10	an	an	DET
ajeer-230	90	11	efficiency	efficiency	NOUN
ajeer-230	90	12	of	of	ADP
ajeer-230	90	13	between	between	ADP
ajeer-230	90	14	0.145	0.145	NUM
ajeer-230	90	15	and	and	CCONJ
ajeer-230	90	16	0.69	0.69	NUM
ajeer-230	90	17	for	for	ADP
ajeer-230	90	18	the	the	DET
ajeer-230	90	19	tanzanian	tanzanian	PROPN
ajeer-230	90	20	micro	micro	PROPN
ajeer-230	90	21	finance	finance	NOUN
ajeer-230	90	22	bodies	body	NOUN
ajeer-230	90	23	.	.	PUNCT
ajeer-230	91	1	similar	similar	ADJ
ajeer-230	91	2	researches	research	NOUN
ajeer-230	91	3	in	in	ADP
ajeer-230	91	4	banking	banking	NOUN
ajeer-230	91	5	industry	industry	NOUN
ajeer-230	91	6	in	in	ADP
ajeer-230	91	7	subsaharan	subsaharan	PROPN
ajeer-230	91	8	africa	africa	PROPN
ajeer-230	91	9	opine	opine	VERB
ajeer-230	91	10	that	that	SCONJ
ajeer-230	91	11	technical	technical	ADJ
ajeer-230	91	12	efficiency	efficiency	NOUN
ajeer-230	91	13	falls	fall	VERB
ajeer-230	91	14	between	between	ADP
ajeer-230	91	15	0.6	0.6	NUM
ajeer-230	91	16	and	and	CCONJ
ajeer-230	91	17	0.9	0.9	NUM
ajeer-230	91	18	(	(	PUNCT
ajeer-230	91	19	moffat	moffat	PROPN
ajeer-230	91	20	,	,	PUNCT
ajeer-230	91	21	2008	2008	NUM
ajeer-230	91	22	;	;	PUNCT
ajeer-230	91	23	kamau	kamau	PROPN
ajeer-230	91	24	,	,	PUNCT
ajeer-230	91	25	2011	2011	NUM
ajeer-230	91	26	)	)	PUNCT
ajeer-230	91	27	.	.	PUNCT
ajeer-230	92	1	according	accord	VERB
ajeer-230	92	2	to	to	ADP
ajeer-230	92	3	tesfamariam	tesfamariam	PROPN
ajeer-230	92	4	et	et	PROPN
ajeer-230	92	5	al	al	PROPN
ajeer-230	92	6	.	.	PROPN
ajeer-230	93	1	(	(	PUNCT
ajeer-230	93	2	2013	2013	NUM
ajeer-230	93	3	)	)	PUNCT
ajeer-230	93	4	efficiency	efficiency	NOUN
ajeer-230	93	5	of	of	ADP
ajeer-230	93	6	rural	rural	ADJ
ajeer-230	93	7	saccos	sacco	NOUN
ajeer-230	93	8	in	in	ADP
ajeer-230	93	9	ethiopia	ethiopia	PROPN
ajeer-230	93	10	indicated	indicate	VERB
ajeer-230	93	11	that	that	SCONJ
ajeer-230	93	12	efficiency	efficiency	NOUN
ajeer-230	93	13	is	be	AUX
ajeer-230	93	14	affected	affect	VERB
ajeer-230	93	15	by	by	ADP
ajeer-230	93	16	both	both	DET
ajeer-230	93	17	location	location	NOUN
ajeer-230	93	18	and	and	CCONJ
ajeer-230	93	19	size	size	NOUN
ajeer-230	93	20	of	of	ADP
ajeer-230	93	21	saccos	saccos	PROPN
ajeer-230	93	22	.	.	PUNCT
ajeer-230	94	1	they	they	PRON
ajeer-230	94	2	also	also	ADV
ajeer-230	94	3	opine	opine	VERB
ajeer-230	94	4	that	that	SCONJ
ajeer-230	94	5	on	on	ADP
ajeer-230	94	6	average	average	ADJ
ajeer-230	94	7	efficiency	efficiency	NOUN
ajeer-230	94	8	ranged	range	VERB
ajeer-230	94	9	between	between	ADP
ajeer-230	94	10	0.213	0.213	NUM
ajeer-230	94	11	and	and	CCONJ
ajeer-230	94	12	0.259	0.259	NUM
ajeer-230	94	13	for	for	ADP
ajeer-230	94	14	small	small	ADJ
ajeer-230	94	15	saccos	sacco	NOUN
ajeer-230	94	16	,	,	PUNCT
ajeer-230	94	17	while	while	SCONJ
ajeer-230	94	18	larger	large	ADJ
ajeer-230	94	19	saccos	sacco	NOUN
ajeer-230	94	20	recorded	record	VERB
ajeer-230	94	21	higher	high	ADJ
ajeer-230	94	22	efficiency	efficiency	NOUN
ajeer-230	94	23	compared	compare	VERB
ajeer-230	94	24	to	to	ADP
ajeer-230	94	25	smaller	small	ADJ
ajeer-230	94	26	ones	one	NOUN
ajeer-230	94	27	.	.	PUNCT
ajeer-230	95	1	the	the	DET
ajeer-230	95	2	study	study	NOUN
ajeer-230	95	3	like	like	ADP
ajeer-230	95	4	magali	magali	PROPN
ajeer-230	95	5	(	(	PUNCT
ajeer-230	95	6	2014	2014	NUM
ajeer-230	95	7	)	)	PUNCT
ajeer-230	95	8	in	in	ADP
ajeer-230	95	9	kenya	kenya	PROPN
ajeer-230	95	10	also	also	ADV
ajeer-230	95	11	suggested	suggest	VERB
ajeer-230	95	12	future	future	ADJ
ajeer-230	95	13	study	study	NOUN
ajeer-230	95	14	in	in	ADP
ajeer-230	95	15	the	the	DET
ajeer-230	95	16	area	area	NOUN
ajeer-230	95	17	of	of	ADP
ajeer-230	95	18	saccos	saccos	PROPN
ajeer-230	95	19	’	'	PUNCT
ajeer-230	95	20	technical	technical	ADJ
ajeer-230	95	21	efficiency	efficiency	NOUN
ajeer-230	95	22	using	use	VERB
ajeer-230	95	23	the	the	DET
ajeer-230	95	24	sfa	sfa	PROPN
ajeer-230	95	25	.	.	PUNCT
ajeer-230	96	1	magali	magali	PROPN
ajeer-230	96	2	(	(	PUNCT
ajeer-230	96	3	2014	2014	NUM
ajeer-230	96	4	)	)	PUNCT
ajeer-230	96	5	concludes	conclude	VERB
ajeer-230	96	6	that	that	SCONJ
ajeer-230	96	7	there	there	PRON
ajeer-230	96	8	is	be	VERB
ajeer-230	96	9	no	no	DET
ajeer-230	96	10	prior	prior	ADJ
ajeer-230	96	11	studies	study	NOUN
ajeer-230	96	12	on	on	ADP
ajeer-230	96	13	saccos	saccos	PROPN
ajeer-230	96	14	in	in	ADP
ajeer-230	96	15	east	east	PROPN
ajeer-230	96	16	africa	africa	PROPN
ajeer-230	96	17	that	that	PRON
ajeer-230	96	18	have	have	AUX
ajeer-230	96	19	assessed	assess	VERB
ajeer-230	96	20	the	the	DET
ajeer-230	96	21	influence	influence	NOUN
ajeer-230	96	22	of	of	ADP
ajeer-230	96	23	regulation	regulation	NOUN
ajeer-230	96	24	on	on	ADP
ajeer-230	96	25	saccos	saccos	ADJ
ajeer-230	96	26	performance	performance	NOUN
ajeer-230	96	27	while	while	SCONJ
ajeer-230	96	28	at	at	ADP
ajeer-230	96	29	the	the	DET
ajeer-230	96	30	same	same	ADJ
ajeer-230	96	31	time	time	NOUN
ajeer-230	96	32	considering	consider	VERB
ajeer-230	96	33	the	the	DET
ajeer-230	96	34	impact	impact	NOUN
ajeer-230	96	35	of	of	ADP
ajeer-230	96	36	rural	rural	ADJ
ajeer-230	96	37	and	and	CCONJ
ajeer-230	96	38	urban	urban	ADJ
ajeer-230	96	39	areas	area	NOUN
ajeer-230	96	40	’	'	PUNCT
ajeer-230	96	41	location	location	NOUN
ajeer-230	96	42	of	of	ADP
ajeer-230	96	43	saccos	sacco	NOUN
ajeer-230	96	44	on	on	ADP
ajeer-230	96	45	performance	performance	NOUN
ajeer-230	96	46	.	.	PUNCT
ajeer-230	97	1	he	he	PRON
ajeer-230	97	2	further	far	ADV
ajeer-230	97	3	argues	argue	VERB
ajeer-230	97	4	that	that	SCONJ
ajeer-230	97	5	scholars	scholar	NOUN
ajeer-230	97	6	should	should	AUX
ajeer-230	97	7	extend	extend	VERB
ajeer-230	97	8	to	to	ADP
ajeer-230	97	9	econometrics	econometric	NOUN
ajeer-230	97	10	to	to	PART
ajeer-230	97	11	expand	expand	VERB
ajeer-230	97	12	saccos	saccos	PROPN
ajeer-230	97	13	modeling	modeling	NOUN
ajeer-230	97	14	.	.	PUNCT
ajeer-230	98	1	a	a	DET
ajeer-230	98	2	few	few	ADJ
ajeer-230	98	3	studies	study	NOUN
ajeer-230	98	4	such	such	ADJ
ajeer-230	98	5	as	as	ADP
ajeer-230	98	6	marwa	marwa	NOUN
ajeer-230	98	7	and	and	CCONJ
ajeer-230	98	8	aziakpono	aziakpono	PROPN
ajeer-230	98	9	(	(	PUNCT
ajeer-230	98	10	2015	2015	NUM
ajeer-230	98	11	)	)	PUNCT
ajeer-230	98	12	in	in	ADP
ajeer-230	98	13	tanzania	tanzania	PROPN
ajeer-230	98	14	,	,	PUNCT
ajeer-230	98	15	and	and	CCONJ
ajeer-230	98	16	tesfamariam	tesfamariam	PROPN
ajeer-230	98	17	et	et	PROPN
ajeer-230	98	18	al	al	PROPN
ajeer-230	98	19	.	.	PROPN
ajeer-230	98	20	(	(	PUNCT
ajeer-230	98	21	2013	2013	NUM
ajeer-230	98	22	)	)	PUNCT
ajeer-230	98	23	in	in	ADP
ajeer-230	98	24	ethiopia	ethiopia	PROPN
ajeer-230	98	25	,	,	PUNCT
ajeer-230	98	26	have	have	AUX
ajeer-230	98	27	researched	research	VERB
ajeer-230	98	28	on	on	ADP
ajeer-230	98	29	the	the	DET
ajeer-230	98	30	efficiency	efficiency	NOUN
ajeer-230	98	31	of	of	ADP
ajeer-230	98	32	saccos	sacco	NOUN
ajeer-230	98	33	in	in	ADP
ajeer-230	98	34	the	the	DET
ajeer-230	98	35	african	african	ADJ
ajeer-230	98	36	continent	continent	NOUN
ajeer-230	98	37	.	.	PUNCT
ajeer-230	99	1	considering	consider	VERB
ajeer-230	99	2	the	the	DET
ajeer-230	99	3	above	above	ADV
ajeer-230	99	4	mentioned	mention	VERB
ajeer-230	99	5	gap	gap	NOUN
ajeer-230	99	6	of	of	ADP
ajeer-230	99	7	prior	prior	ADJ
ajeer-230	99	8	studies	study	NOUN
ajeer-230	99	9	,	,	PUNCT
ajeer-230	99	10	this	this	DET
ajeer-230	99	11	study	study	NOUN
ajeer-230	99	12	examined	examine	VERB
ajeer-230	99	13	whether	whether	SCONJ
ajeer-230	99	14	saccos	sacco	NOUN
ajeer-230	99	15	were	be	AUX
ajeer-230	99	16	more	more	ADV
ajeer-230	99	17	inefficient	inefficient	ADJ
ajeer-230	99	18	during	during	ADP
ajeer-230	99	19	regulation	regulation	NOUN
ajeer-230	99	20	era	era	NOUN
ajeer-230	99	21	than	than	ADP
ajeer-230	99	22	pre	pre	ADJ
ajeer-230	99	23	-	-	ADJ
ajeer-230	99	24	regulation	regulation	ADJ
ajeer-230	99	25	era	era	NOUN
ajeer-230	99	26	.	.	PUNCT
ajeer-230	100	1	the	the	DET
ajeer-230	100	2	stars	star	NOUN
ajeer-230	100	3	saccos	saccos	PROPN
ajeer-230	100	4	were	be	AUX
ajeer-230	100	5	also	also	ADV
ajeer-230	100	6	identified	identify	VERB
ajeer-230	100	7	.	.	PUNCT
ajeer-230	101	1	essentially	essentially	ADV
ajeer-230	101	2	this	this	DET
ajeer-230	101	3	study	study	NOUN
ajeer-230	101	4	assessed	assess	VERB
ajeer-230	101	5	the	the	DET
ajeer-230	101	6	determinants	determinant	NOUN
ajeer-230	101	7	of	of	ADP
ajeer-230	101	8	inefficiency	inefficiency	NOUN
ajeer-230	101	9	of	of	ADP
ajeer-230	101	10	fosa	fosa	NOUN
ajeer-230	101	11	.	.	PUNCT
ajeer-230	102	1	specifically	specifically	ADV
ajeer-230	102	2	the	the	DET
ajeer-230	102	3	pure	pure	ADJ
ajeer-230	102	4	technical	technical	ADJ
ajeer-230	102	5	efficiency	efficiency	NOUN
ajeer-230	102	6	(	(	PUNCT
ajeer-230	102	7	a	a	DET
ajeer-230	102	8	cost	cost	NOUN
ajeer-230	102	9	-	-	PUNCT
ajeer-230	102	10	efficiency	efficiency	NOUN
ajeer-230	102	11	measure	measure	NOUN
ajeer-230	102	12	)	)	PUNCT
ajeer-230	102	13	model	model	NOUN
ajeer-230	102	14	was	be	AUX
ajeer-230	102	15	utilized	utilize	VERB
ajeer-230	102	16	(	(	PUNCT
ajeer-230	102	17	coelli	coelli	PROPN
ajeer-230	102	18	et	et	PROPN
ajeer-230	102	19	al	al	PROPN
ajeer-230	102	20	.	.	PROPN
ajeer-230	102	21	,	,	PUNCT
ajeer-230	102	22	1997	1997	NUM
ajeer-230	102	23	)	)	PUNCT
ajeer-230	102	24	.	.	PUNCT
ajeer-230	103	1	the	the	DET
ajeer-230	103	2	creation	creation	NOUN
ajeer-230	103	3	of	of	ADP
ajeer-230	103	4	sasra	sasra	NOUN
ajeer-230	103	5	as	as	ADP
ajeer-230	103	6	a	a	DET
ajeer-230	103	7	regulator	regulator	NOUN
ajeer-230	103	8	of	of	ADP
ajeer-230	103	9	saccos	saccos	PROPN
ajeer-230	103	10	has	have	AUX
ajeer-230	103	11	been	be	AUX
ajeer-230	103	12	necessitated	necessitate	VERB
ajeer-230	103	13	by	by	ADP
ajeer-230	103	14	the	the	DET
ajeer-230	103	15	challenges	challenge	NOUN
ajeer-230	103	16	of	of	ADP
ajeer-230	103	17	a	a	DET
ajeer-230	103	18	liberalized	liberalized	ADJ
ajeer-230	103	19	economy	economy	NOUN
ajeer-230	103	20	.	.	PUNCT
ajeer-230	104	1	the	the	DET
ajeer-230	104	2	question	question	NOUN
ajeer-230	104	3	that	that	PRON
ajeer-230	104	4	arises	arise	VERB
ajeer-230	104	5	then	then	ADV
ajeer-230	104	6	is	be	AUX
ajeer-230	104	7	:	:	PUNCT
ajeer-230	104	8	to	to	PART
ajeer-230	104	9	what	what	DET
ajeer-230	104	10	extent	extent	NOUN
ajeer-230	104	11	has	have	AUX
ajeer-230	104	12	the	the	DET
ajeer-230	104	13	saccos	sacco	NOUN
ajeer-230	104	14	’	'	PUNCT
ajeer-230	104	15	market	market	NOUN
ajeer-230	104	16	become	become	VERB
ajeer-230	104	17	efficient	efficient	ADJ
ajeer-230	104	18	?	?	PUNCT
ajeer-230	105	1	these	these	DET
ajeer-230	105	2	facts	fact	NOUN
ajeer-230	105	3	then	then	ADV
ajeer-230	105	4	point	point	VERB
ajeer-230	105	5	to	to	ADP
ajeer-230	105	6	the	the	DET
ajeer-230	105	7	need	need	NOUN
ajeer-230	105	8	to	to	PART
ajeer-230	105	9	measure	measure	VERB
ajeer-230	105	10	and	and	CCONJ
ajeer-230	105	11	determine	determine	VERB
ajeer-230	105	12	the	the	DET
ajeer-230	105	13	kenyan	kenyan	PROPN
ajeer-230	105	14	saccos	saccos	X
ajeer-230	105	15	’	'	PUNCT
ajeer-230	105	16	pure	pure	ADJ
ajeer-230	105	17	technical	technical	ADJ
ajeer-230	105	18	inefficiency	inefficiency	NOUN
ajeer-230	105	19	or	or	CCONJ
ajeer-230	105	20	efficiency	efficiency	NOUN
ajeer-230	105	21	.	.	PUNCT
ajeer-230	106	1	this	this	DET
ajeer-230	106	2	study	study	NOUN
ajeer-230	106	3	sets	set	VERB
ajeer-230	106	4	deliberate	deliberate	VERB
ajeer-230	106	5	standards	standard	NOUN
ajeer-230	106	6	on	on	ADP
ajeer-230	106	7	how	how	SCONJ
ajeer-230	106	8	saccos	saccos	PROPN
ajeer-230	106	9	in	in	ADP
ajeer-230	106	10	kenya	kenya	PROPN
ajeer-230	106	11	can	can	AUX
ajeer-230	106	12	be	be	AUX
ajeer-230	106	13	monitored	monitor	VERB
ajeer-230	106	14	and	and	CCONJ
ajeer-230	106	15	peers	peer	NOUN
ajeer-230	106	16	emulated	emulate	VERB
ajeer-230	106	17	to	to	PART
ajeer-230	106	18	ensure	ensure	VERB
ajeer-230	106	19	efficiency	efficiency	NOUN
ajeer-230	106	20	in	in	ADP
ajeer-230	106	21	their	their	PRON
ajeer-230	106	22	operations	operation	NOUN
ajeer-230	106	23	.	.	PUNCT
ajeer-230	107	1	2.3	2.3	NUM
ajeer-230	107	2	.	.	PUNCT
ajeer-230	108	1	the	the	DET
ajeer-230	108	2	general	general	ADJ
ajeer-230	108	3	objective	objective	NOUN
ajeer-230	108	4	the	the	DET
ajeer-230	108	5	general	general	ADJ
ajeer-230	108	6	objective	objective	NOUN
ajeer-230	108	7	of	of	ADP
ajeer-230	108	8	this	this	DET
ajeer-230	108	9	study	study	NOUN
ajeer-230	108	10	is	be	AUX
ajeer-230	108	11	to	to	PART
ajeer-230	108	12	establish	establish	VERB
ajeer-230	108	13	the	the	DET
ajeer-230	108	14	determinants	determinant	NOUN
ajeer-230	108	15	of	of	ADP
ajeer-230	108	16	technical	technical	ADJ
ajeer-230	108	17	inefficiency	inefficiency	NOUN
ajeer-230	108	18	of	of	ADP
ajeer-230	108	19	deposit	deposit	NOUN
ajeer-230	108	20	taking	take	VERB
ajeer-230	108	21	saccos	sacco	NOUN
ajeer-230	108	22	in	in	ADP
ajeer-230	108	23	kenya	kenya	PROPN
ajeer-230	108	24	,	,	PUNCT
ajeer-230	108	25	given	give	VERB
ajeer-230	108	26	a	a	DET
ajeer-230	108	27	net	net	ADJ
ajeer-230	108	28	operating	operate	VERB
ajeer-230	108	29	cash	cash	NOUN
ajeer-230	108	30	flow	flow	NOUN
ajeer-230	108	31	slack	slack	NOUN
ajeer-230	108	32	(	(	PUNCT
ajeer-230	108	33	an	an	DET
ajeer-230	108	34	output	output	NOUN
ajeer-230	108	35	inefficiency	inefficiency	NOUN
ajeer-230	108	36	)	)	PUNCT
ajeer-230	108	37	as	as	ADP
ajeer-230	108	38	a	a	DET
ajeer-230	108	39	dependent	dependent	ADJ
ajeer-230	108	40	variable	variable	NOUN
ajeer-230	108	41	.	.	PUNCT
ajeer-230	109	1	2.4	2.4	NUM
ajeer-230	109	2	.	.	PUNCT
ajeer-230	110	1	the	the	DET
ajeer-230	110	2	specific	specific	ADJ
ajeer-230	110	3	objectives	objective	NOUN
ajeer-230	110	4	the	the	DET
ajeer-230	110	5	specific	specific	ADJ
ajeer-230	110	6	objectives	objective	NOUN
ajeer-230	110	7	of	of	ADP
ajeer-230	110	8	this	this	DET
ajeer-230	110	9	study	study	NOUN
ajeer-230	110	10	are	be	AUX
ajeer-230	110	11	as	as	SCONJ
ajeer-230	110	12	follows	follow	VERB
ajeer-230	110	13	:	:	PUNCT
ajeer-230	110	14	1	1	X
ajeer-230	110	15	.	.	X
ajeer-230	110	16	measure	measure	VERB
ajeer-230	110	17	the	the	DET
ajeer-230	110	18	extent	extent	NOUN
ajeer-230	110	19	of	of	ADP
ajeer-230	110	20	managerial	managerial	ADJ
ajeer-230	110	21	inefficiency	inefficiency	NOUN
ajeer-230	110	22	over	over	ADP
ajeer-230	110	23	the	the	DET
ajeer-230	110	24	pre	pre	NOUN
ajeer-230	110	25	-	-	NOUN
ajeer-230	110	26	regulation	regulation	ADJ
ajeer-230	110	27	and	and	CCONJ
ajeer-230	110	28	regulation	regulation	NOUN
ajeer-230	110	29	eras	era	NOUN
ajeer-230	110	30	.	.	PUNCT
ajeer-230	111	1	2	2	X
ajeer-230	111	2	.	.	AUX
ajeer-230	111	3	establish	establish	VERB
ajeer-230	111	4	the	the	DET
ajeer-230	111	5	effect	effect	NOUN
ajeer-230	111	6	of	of	ADP
ajeer-230	111	7	macro	macro	ADJ
ajeer-230	111	8	-	-	ADJ
ajeer-230	111	9	economic	economic	ADJ
ajeer-230	111	10	variables	variable	NOUN
ajeer-230	111	11	on	on	ADP
ajeer-230	111	12	the	the	DET
ajeer-230	111	13	saccos	sacco	NOUN
ajeer-230	111	14	’	'	PUNCT
ajeer-230	111	15	net	net	ADJ
ajeer-230	111	16	operating	operate	VERB
ajeer-230	111	17	cash	cash	NOUN
ajeer-230	111	18	flows	flow	VERB
ajeer-230	111	19	output	output	NOUN
ajeer-230	111	20	inefficiency	inefficiency	NOUN
ajeer-230	111	21	.	.	PUNCT
ajeer-230	112	1	asian	asian	ADJ
ajeer-230	112	2	journal	journal	PROPN
ajeer-230	112	3	of	of	ADP
ajeer-230	112	4	economics	economic	NOUN
ajeer-230	112	5	and	and	CCONJ
ajeer-230	112	6	empirical	empirical	ADJ
ajeer-230	112	7	research	research	NOUN
ajeer-230	112	8	,	,	PUNCT
ajeer-230	112	9	2017	2017	NUM
ajeer-230	112	10	,	,	PUNCT
ajeer-230	112	11	4(2	4(2	NUM
ajeer-230	112	12	):	):	PUNCT
ajeer-230	112	13	49	49	NUM
ajeer-230	112	14	-	-	SYM
ajeer-230	112	15	60	60	NUM
ajeer-230	112	16	52	52	NUM
ajeer-230	112	17	3	3	NUM
ajeer-230	112	18	.	.	PUNCT
ajeer-230	112	19	determine	determine	VERB
ajeer-230	112	20	the	the	DET
ajeer-230	112	21	effect	effect	NOUN
ajeer-230	112	22	of	of	ADP
ajeer-230	112	23	saccos	saccos	PROPN
ajeer-230	112	24	’	'	PUNCT
ajeer-230	112	25	specific	specific	ADJ
ajeer-230	112	26	predictor	predictor	NOUN
ajeer-230	112	27	variables	variable	NOUN
ajeer-230	112	28	on	on	ADP
ajeer-230	112	29	saccos	saccos	PROPN
ajeer-230	112	30	’	'	PUNCT
ajeer-230	112	31	net	net	ADJ
ajeer-230	112	32	operating	operate	VERB
ajeer-230	112	33	cash	cash	NOUN
ajeer-230	112	34	flows	flow	VERB
ajeer-230	112	35	output	output	NOUN
ajeer-230	112	36	inefficiency	inefficiency	NOUN
ajeer-230	112	37	.	.	PUNCT
ajeer-230	113	1	4	4	X
ajeer-230	113	2	.	.	X
ajeer-230	113	3	determine	determine	VERB
ajeer-230	113	4	the	the	DET
ajeer-230	113	5	inefficiency	inefficiency	NOUN
ajeer-230	113	6	mean	mean	VERB
ajeer-230	113	7	scores	score	NOUN
ajeer-230	113	8	over	over	ADP
ajeer-230	113	9	the	the	DET
ajeer-230	113	10	two	two	NUM
ajeer-230	113	11	regulation	regulation	NOUN
ajeer-230	113	12	and	and	CCONJ
ajeer-230	113	13	pre	pre	ADJ
ajeer-230	113	14	-	-	ADJ
ajeer-230	113	15	regulation	regulation	ADJ
ajeer-230	113	16	eras	era	NOUN
ajeer-230	113	17	.	.	PUNCT
ajeer-230	114	1	2.5	2.5	NUM
ajeer-230	114	2	.	.	PUNCT
ajeer-230	115	1	research	research	NOUN
ajeer-230	115	2	hypotheses	hypothesis	NOUN
ajeer-230	115	3	the	the	DET
ajeer-230	115	4	study	study	NOUN
ajeer-230	115	5	also	also	ADV
ajeer-230	115	6	tests	test	VERB
ajeer-230	115	7	the	the	DET
ajeer-230	115	8	hypotheses	hypothesis	NOUN
ajeer-230	115	9	that	that	SCONJ
ajeer-230	115	10	:	:	PUNCT
ajeer-230	115	11	1	1	X
ajeer-230	115	12	.	.	X
ajeer-230	115	13	h01	h01	NOUN
ajeer-230	115	14	:	:	PUNCT
ajeer-230	115	15	the	the	DET
ajeer-230	115	16	saccos	saccos	PROPN
ajeer-230	115	17	operation	operation	NOUN
ajeer-230	115	18	is	be	AUX
ajeer-230	115	19	not	not	PART
ajeer-230	115	20	influenced	influence	VERB
ajeer-230	115	21	by	by	ADP
ajeer-230	115	22	managerial	managerial	ADJ
ajeer-230	115	23	influence	influence	NOUN
ajeer-230	115	24	(	(	PUNCT
ajeer-230	115	25	inefficiency	inefficiency	NOUN
ajeer-230	115	26	)	)	PUNCT
ajeer-230	115	27	as	as	SCONJ
ajeer-230	115	28	measured	measure	VERB
ajeer-230	115	29	by	by	ADP
ajeer-230	115	30	gamma	gamma	PROPN
ajeer-230	115	31	(	(	PUNCT
ajeer-230	115	32	ϒ	ϒ	PROPN
ajeer-230	115	33	)	)	PUNCT
ajeer-230	115	34	over	over	ADP
ajeer-230	115	35	the	the	DET
ajeer-230	115	36	two	two	NUM
ajeer-230	115	37	eras	era	NOUN
ajeer-230	115	38	.	.	PUNCT
ajeer-230	116	1	2	2	X
ajeer-230	116	2	.	.	X
ajeer-230	116	3	h02	h02	NOUN
ajeer-230	116	4	:	:	PUNCT
ajeer-230	116	5	there	there	PRON
ajeer-230	116	6	is	be	VERB
ajeer-230	116	7	no	no	DET
ajeer-230	116	8	strong	strong	ADJ
ajeer-230	116	9	relationship	relationship	NOUN
ajeer-230	116	10	between	between	ADP
ajeer-230	116	11	the	the	DET
ajeer-230	116	12	saccos	sacco	NOUN
ajeer-230	116	13	’	'	PUNCT
ajeer-230	116	14	macro	macro	ADJ
ajeer-230	116	15	-	-	ADJ
ajeer-230	116	16	economic	economic	ADJ
ajeer-230	116	17	variables	variable	NOUN
ajeer-230	116	18	and	and	CCONJ
ajeer-230	116	19	net	net	ADJ
ajeer-230	116	20	operating	operate	VERB
ajeer-230	116	21	cash	cash	NOUN
ajeer-230	116	22	flows	flow	VERB
ajeer-230	116	23	output	output	VERB
ajeer-230	116	24	inefficiency	inefficiency	NOUN
ajeer-230	116	25	dependent	dependent	ADJ
ajeer-230	116	26	variable	variable	NOUN
ajeer-230	116	27	.	.	PUNCT
ajeer-230	117	1	3	3	X
ajeer-230	117	2	.	.	X
ajeer-230	117	3	h03	h03	NOUN
ajeer-230	117	4	:	:	PUNCT
ajeer-230	117	5	there	there	PRON
ajeer-230	117	6	is	be	VERB
ajeer-230	117	7	no	no	DET
ajeer-230	117	8	strong	strong	ADJ
ajeer-230	117	9	relationship	relationship	NOUN
ajeer-230	117	10	between	between	ADP
ajeer-230	117	11	the	the	DET
ajeer-230	117	12	saccos	sacco	NOUN
ajeer-230	117	13	’	'	PUNCT
ajeer-230	117	14	specific	specific	ADJ
ajeer-230	117	15	independent	independent	ADJ
ajeer-230	117	16	variables	variable	NOUN
ajeer-230	117	17	and	and	CCONJ
ajeer-230	117	18	net	net	ADJ
ajeer-230	117	19	operating	operate	VERB
ajeer-230	117	20	cash	cash	NOUN
ajeer-230	117	21	flows	flow	VERB
ajeer-230	117	22	output	output	VERB
ajeer-230	117	23	inefficiency	inefficiency	NOUN
ajeer-230	117	24	dependent	dependent	ADJ
ajeer-230	117	25	variable	variable	NOUN
ajeer-230	117	26	.	.	PUNCT
ajeer-230	118	1	4	4	X
ajeer-230	118	2	.	.	X
ajeer-230	118	3	h04	h04	NOUN
ajeer-230	118	4	:	:	PUNCT
ajeer-230	118	5	pre	pre	ADJ
ajeer-230	118	6	-	-	ADJ
ajeer-230	118	7	regulation	regulation	ADJ
ajeer-230	118	8	and	and	CCONJ
ajeer-230	118	9	regulation	regulation	NOUN
ajeer-230	118	10	eras	era	NOUN
ajeer-230	118	11	have	have	VERB
ajeer-230	118	12	the	the	DET
ajeer-230	118	13	same	same	ADJ
ajeer-230	118	14	population	population	NOUN
ajeer-230	118	15	of	of	ADP
ajeer-230	118	16	inefficiency	inefficiency	NOUN
ajeer-230	118	17	mean	mean	NOUN
ajeer-230	118	18	scores	score	NOUN
ajeer-230	118	19	.	.	PUNCT
ajeer-230	119	1	2.6	2.6	NUM
ajeer-230	119	2	.	.	PUNCT
ajeer-230	120	1	the	the	DET
ajeer-230	120	2	concept	concept	NOUN
ajeer-230	120	3	of	of	ADP
ajeer-230	120	4	technical	technical	ADJ
ajeer-230	120	5	inefficiency	inefficiency	NOUN
ajeer-230	120	6	the	the	DET
ajeer-230	120	7	conceptual	conceptual	ADJ
ajeer-230	120	8	framework	framework	NOUN
ajeer-230	120	9	model	model	NOUN
ajeer-230	120	10	in	in	ADP
ajeer-230	120	11	figure	figure	NOUN
ajeer-230	120	12	1	1	NUM
ajeer-230	120	13	reflects	reflect	VERB
ajeer-230	120	14	the	the	DET
ajeer-230	120	15	dependent	dependent	ADJ
ajeer-230	120	16	variables	variable	NOUN
ajeer-230	120	17	derived	derive	VERB
ajeer-230	120	18	from	from	ADP
ajeer-230	120	19	the	the	DET
ajeer-230	120	20	output	output	NOUN
ajeer-230	120	21	inefficiencies	inefficiency	NOUN
ajeer-230	120	22	(	(	PUNCT
ajeer-230	120	23	specifically	specifically	ADV
ajeer-230	120	24	,	,	PUNCT
ajeer-230	120	25	the	the	DET
ajeer-230	120	26	nocf	nocf	PROPN
ajeer-230	120	27	slack	slack	PROPN
ajeer-230	120	28	)	)	PUNCT
ajeer-230	120	29	,	,	PUNCT
ajeer-230	120	30	and	and	CCONJ
ajeer-230	120	31	independent	independent	ADJ
ajeer-230	120	32	variables	variables	PROPN
ajeer-230	120	33	relationship	relationship	NOUN
ajeer-230	120	34	.	.	PUNCT
ajeer-230	121	1	the	the	DET
ajeer-230	121	2	frontier	frontier	NOUN
ajeer-230	121	3	preliminary	preliminary	ADJ
ajeer-230	121	4	analysis	analysis	NOUN
ajeer-230	121	5	involved	involve	VERB
ajeer-230	121	6	determination	determination	NOUN
ajeer-230	121	7	of	of	ADP
ajeer-230	121	8	correlation	correlation	NOUN
ajeer-230	121	9	between	between	ADP
ajeer-230	121	10	each	each	PRON
ajeer-230	121	11	of	of	ADP
ajeer-230	121	12	the	the	DET
ajeer-230	121	13	saccos	sacco	NOUN
ajeer-230	121	14	’	'	PUNCT
ajeer-230	121	15	variance	variance	NOUN
ajeer-230	121	16	regressors	regressor	NOUN
ajeer-230	121	17	and	and	CCONJ
ajeer-230	121	18	prime	prime	ADJ
ajeer-230	121	19	regressors	regressor	NOUN
ajeer-230	121	20	,	,	PUNCT
ajeer-230	121	21	and	and	CCONJ
ajeer-230	121	22	if	if	SCONJ
ajeer-230	121	23	a	a	DET
ajeer-230	121	24	high	high	ADJ
ajeer-230	121	25	correlation	correlation	NOUN
ajeer-230	121	26	is	be	AUX
ajeer-230	121	27	discovered	discover	VERB
ajeer-230	121	28	,	,	PUNCT
ajeer-230	121	29	such	such	ADJ
ajeer-230	121	30	specific	specific	ADJ
ajeer-230	121	31	independent	independent	ADJ
ajeer-230	121	32	variable	variable	NOUN
ajeer-230	121	33	(	(	PUNCT
ajeer-230	121	34	prime	prime	ADJ
ajeer-230	121	35	regressor	regressor	NOUN
ajeer-230	121	36	)	)	PUNCT
ajeer-230	121	37	is	be	AUX
ajeer-230	121	38	removed	remove	VERB
ajeer-230	121	39	from	from	ADP
ajeer-230	121	40	the	the	DET
ajeer-230	121	41	second	second	ADJ
ajeer-230	121	42	or	or	CCONJ
ajeer-230	121	43	final	final	ADJ
ajeer-230	121	44	stage	stage	NOUN
ajeer-230	121	45	regression	regression	NOUN
ajeer-230	121	46	process	process	NOUN
ajeer-230	121	47	.	.	PUNCT
ajeer-230	122	1	however	however	ADV
ajeer-230	122	2	,	,	PUNCT
ajeer-230	122	3	no	no	DET
ajeer-230	122	4	variable	variable	NOUN
ajeer-230	122	5	was	be	AUX
ajeer-230	122	6	removed	remove	VERB
ajeer-230	122	7	and	and	CCONJ
ajeer-230	122	8	this	this	DET
ajeer-230	122	9	estimation	estimation	NOUN
ajeer-230	122	10	was	be	AUX
ajeer-230	122	11	also	also	ADV
ajeer-230	122	12	internalized	internalize	VERB
ajeer-230	122	13	within	within	ADP
ajeer-230	122	14	the	the	DET
ajeer-230	122	15	stata14.1	stata14.1	NOUN
ajeer-230	122	16	.	.	PUNCT
ajeer-230	123	1	further	far	ADV
ajeer-230	123	2	,	,	PUNCT
ajeer-230	123	3	prime	prime	ADJ
ajeer-230	123	4	regressors	regressor	NOUN
ajeer-230	123	5	are	be	AUX
ajeer-230	123	6	also	also	ADV
ajeer-230	123	7	assumed	assume	VERB
ajeer-230	123	8	to	to	PART
ajeer-230	123	9	be	be	AUX
ajeer-230	123	10	measurement	measurement	NOUN
ajeer-230	123	11	errors	error	NOUN
ajeer-230	123	12	free	free	ADJ
ajeer-230	123	13	(	(	PUNCT
ajeer-230	123	14	cooper	cooper	NOUN
ajeer-230	123	15	et	et	PROPN
ajeer-230	123	16	al	al	PROPN
ajeer-230	123	17	.	.	PROPN
ajeer-230	123	18	,	,	PUNCT
ajeer-230	123	19	2007	2007	NUM
ajeer-230	123	20	)	)	PUNCT
ajeer-230	123	21	.	.	PUNCT
ajeer-230	124	1	figure-1	figure-1	PROPN
ajeer-230	124	2	.	.	PUNCT
ajeer-230	124	3	conceptual	conceptual	ADJ
ajeer-230	124	4	frame	frame	NOUN
ajeer-230	124	5	work	work	NOUN
ajeer-230	124	6	source	source	NOUN
ajeer-230	124	7	:	:	PUNCT
ajeer-230	124	8	research	research	NOUN
ajeer-230	124	9	(	(	PUNCT
ajeer-230	124	10	2015	2015	NUM
ajeer-230	124	11	)	)	PUNCT
ajeer-230	124	12	3	3	NUM
ajeer-230	124	13	.	.	PUNCT
ajeer-230	124	14	research	research	NOUN
ajeer-230	124	15	methodology	methodology	NOUN
ajeer-230	124	16	3.1	3.1	NUM
ajeer-230	124	17	.	.	PUNCT
ajeer-230	125	1	design	design	VERB
ajeer-230	125	2	this	this	DET
ajeer-230	125	3	explanatory	explanatory	ADJ
ajeer-230	125	4	study	study	NOUN
ajeer-230	125	5	used	use	VERB
ajeer-230	125	6	a	a	DET
ajeer-230	125	7	balanced	balanced	ADJ
ajeer-230	125	8	panel	panel	NOUN
ajeer-230	125	9	data	datum	NOUN
ajeer-230	125	10	.	.	PUNCT
ajeer-230	126	1	the	the	DET
ajeer-230	126	2	explanatory	explanatory	ADJ
ajeer-230	126	3	study	study	NOUN
ajeer-230	126	4	research	research	NOUN
ajeer-230	126	5	design	design	NOUN
ajeer-230	126	6	was	be	AUX
ajeer-230	126	7	employed	employ	VERB
ajeer-230	126	8	in	in	ADP
ajeer-230	126	9	soliciting	solicit	VERB
ajeer-230	126	10	for	for	ADP
ajeer-230	126	11	secondary	secondary	ADJ
ajeer-230	126	12	information	information	NOUN
ajeer-230	126	13	from	from	ADP
ajeer-230	126	14	the	the	DET
ajeer-230	126	15	audited	audit	VERB
ajeer-230	126	16	annual	annual	ADJ
ajeer-230	126	17	reports	report	NOUN
ajeer-230	126	18	and	and	CCONJ
ajeer-230	126	19	websites	website	NOUN
ajeer-230	126	20	of	of	ADP
ajeer-230	126	21	the	the	DET
ajeer-230	126	22	regulators	regulator	NOUN
ajeer-230	126	23	on	on	ADP
ajeer-230	126	24	determinants	determinant	NOUN
ajeer-230	126	25	of	of	ADP
ajeer-230	126	26	saccos	sacco	NOUN
ajeer-230	126	27	’	'	PUNCT
ajeer-230	126	28	inefficiency	inefficiency	NOUN
ajeer-230	126	29	in	in	ADP
ajeer-230	126	30	kenya	kenya	PROPN
ajeer-230	126	31	.	.	PUNCT
ajeer-230	127	1	this	this	DET
ajeer-230	127	2	study	study	NOUN
ajeer-230	127	3	utilized	utilize	VERB
ajeer-230	127	4	a	a	DET
ajeer-230	127	5	second	second	ADJ
ajeer-230	127	6	stage	stage	NOUN
ajeer-230	127	7	data	data	VERB
ajeer-230	127	8	envelopment	envelopment	ADJ
ajeer-230	127	9	analysis	analysis	NOUN
ajeer-230	127	10	by	by	ADP
ajeer-230	127	11	subjecting	subject	VERB
ajeer-230	127	12	the	the	DET
ajeer-230	127	13	resultant	resultant	NOUN
ajeer-230	127	14	data	datum	NOUN
ajeer-230	127	15	to	to	ADP
ajeer-230	127	16	sfa	sfa	PROPN
ajeer-230	127	17	.	.	PUNCT
ajeer-230	128	1	an	an	DET
ajeer-230	128	2	econometric	econometric	ADJ
ajeer-230	128	3	approach	approach	NOUN
ajeer-230	128	4	in	in	ADP
ajeer-230	128	5	estimation	estimation	NOUN
ajeer-230	128	6	of	of	ADP
ajeer-230	128	7	saccos	sacco	NOUN
ajeer-230	128	8	’	'	PUNCT
ajeer-230	128	9	inefficiency	inefficiency	NOUN
ajeer-230	128	10	determinants	determinant	NOUN
ajeer-230	128	11	was	be	AUX
ajeer-230	128	12	utilized	utilize	VERB
ajeer-230	128	13	since	since	SCONJ
ajeer-230	128	14	sfa	sfa	PROPN
ajeer-230	128	15	stipulates	stipulate	VERB
ajeer-230	128	16	the	the	DET
ajeer-230	128	17	functional	functional	ADJ
ajeer-230	128	18	form	form	NOUN
ajeer-230	128	19	of	of	ADP
ajeer-230	128	20	cost	cost	NOUN
ajeer-230	128	21	or	or	CCONJ
ajeer-230	128	22	production	production	NOUN
ajeer-230	128	23	frontier	frontier	NOUN
ajeer-230	128	24	(	(	PUNCT
ajeer-230	128	25	cummins	cummin	NOUN
ajeer-230	128	26	and	and	CCONJ
ajeer-230	128	27	zi	zi	NOUN
ajeer-230	128	28	,	,	PUNCT
ajeer-230	128	29	1998	1998	NUM
ajeer-230	128	30	)	)	PUNCT
ajeer-230	128	31	.	.	PUNCT
ajeer-230	129	1	the	the	DET
ajeer-230	129	2	panel	panel	NOUN
ajeer-230	129	3	data	datum	NOUN
ajeer-230	129	4	has	have	VERB
ajeer-230	129	5	benefit	benefit	NOUN
ajeer-230	129	6	of	of	ADP
ajeer-230	129	7	assisting	assist	VERB
ajeer-230	129	8	in	in	ADP
ajeer-230	129	9	studying	study	VERB
ajeer-230	129	10	the	the	DET
ajeer-230	129	11	behavior	behavior	NOUN
ajeer-230	129	12	of	of	ADP
ajeer-230	129	13	each	each	DET
ajeer-230	129	14	sacco	sacco	NOUN
ajeer-230	129	15	on	on	ADP
ajeer-230	129	16	cross	cross	ADJ
ajeer-230	129	17	-	-	ADJ
ajeer-230	129	18	sectional	sectional	ADJ
ajeer-230	129	19	and	and	CCONJ
ajeer-230	129	20	time	time	NOUN
ajeer-230	129	21	-	-	PUNCT
ajeer-230	129	22	series	series	NOUN
ajeer-230	129	23	or	or	CCONJ
ajeer-230	129	24	year	year	NOUN
ajeer-230	129	25	basis	basis	NOUN
ajeer-230	129	26	(	(	PUNCT
ajeer-230	129	27	ongore	ongore	NOUN
ajeer-230	129	28	and	and	CCONJ
ajeer-230	129	29	kusa	kusa	PROPN
ajeer-230	129	30	,	,	PUNCT
ajeer-230	129	31	2013	2013	NUM
ajeer-230	129	32	)	)	PUNCT
ajeer-230	129	33	.	.	PUNCT
ajeer-230	130	1	in	in	ADP
ajeer-230	130	2	addition	addition	NOUN
ajeer-230	130	3	,	,	PUNCT
ajeer-230	130	4	this	this	DET
ajeer-230	130	5	study	study	NOUN
ajeer-230	130	6	utilized	utilize	VERB
ajeer-230	130	7	a	a	DET
ajeer-230	130	8	census	census	NOUN
ajeer-230	130	9	technique	technique	NOUN
ajeer-230	130	10	whereby	whereby	SCONJ
ajeer-230	130	11	46	46	NUM
ajeer-230	130	12	licensed	license	VERB
ajeer-230	130	13	saccos	sacco	NOUN
ajeer-230	130	14	under	under	ADP
ajeer-230	130	15	the	the	DET
ajeer-230	130	16	regulator	regulator	NOUN
ajeer-230	130	17	’s	’s	PART
ajeer-230	130	18	control	control	NOUN
ajeer-230	130	19	within	within	ADP
ajeer-230	130	20	the	the	DET
ajeer-230	130	21	two	two	NUM
ajeer-230	130	22	periods	period	NOUN
ajeer-230	130	23	of	of	ADP
ajeer-230	130	24	study	study	NOUN
ajeer-230	130	25	running	run	VERB
ajeer-230	130	26	from	from	ADP
ajeer-230	130	27	2007	2007	NUM
ajeer-230	130	28	to	to	ADP
ajeer-230	130	29	2010	2010	NUM
ajeer-230	130	30	,	,	PUNCT
ajeer-230	130	31	and	and	CCONJ
ajeer-230	130	32	2011	2011	NUM
ajeer-230	130	33	to	to	ADP
ajeer-230	130	34	2014(a	2014(a	NOUN
ajeer-230	130	35	span	span	NOUN
ajeer-230	130	36	of	of	ADP
ajeer-230	130	37	8	8	NUM
ajeer-230	130	38	years	year	NOUN
ajeer-230	130	39	)	)	PUNCT
ajeer-230	130	40	were	be	AUX
ajeer-230	130	41	picked	pick	VERB
ajeer-230	130	42	.	.	PUNCT
ajeer-230	131	1	3.2	3.2	NUM
ajeer-230	131	2	.	.	PUNCT
ajeer-230	131	3	model	model	NOUN
ajeer-230	131	4	specification	specification	NOUN
ajeer-230	131	5	the	the	DET
ajeer-230	131	6	estimation	estimation	NOUN
ajeer-230	131	7	of	of	ADP
ajeer-230	131	8	inefficiency	inefficiency	NOUN
ajeer-230	131	9	was	be	AUX
ajeer-230	131	10	carried	carry	VERB
ajeer-230	131	11	out	out	ADP
ajeer-230	131	12	utilizing	utilize	VERB
ajeer-230	131	13	the	the	DET
ajeer-230	131	14	cobb	cobb	PROPN
ajeer-230	131	15	-	-	PUNCT
ajeer-230	131	16	douglas	douglas	PROPN
ajeer-230	131	17	cost	cost	PROPN
ajeer-230	131	18	frontier	frontier	NOUN
ajeer-230	131	19	crosssectional	crosssectional	PROPN
ajeer-230	131	20	panel	panel	NOUN
ajeer-230	131	21	data	datum	NOUN
ajeer-230	131	22	of	of	ADP
ajeer-230	131	23	saccos	sacco	NOUN
ajeer-230	131	24	over	over	ADP
ajeer-230	131	25	two	two	NUM
ajeer-230	131	26	periods	period	NOUN
ajeer-230	131	27	.	.	PUNCT
ajeer-230	132	1	truncated	truncate	VERB
ajeer-230	132	2	-	-	PUNCT
ajeer-230	132	3	normal	normal	ADJ
ajeer-230	132	4	distribution	distribution	NOUN
ajeer-230	132	5	was	be	AUX
ajeer-230	132	6	assumed	assume	VERB
ajeer-230	132	7	coelli	coelli	PROPN
ajeer-230	132	8	et	et	PROPN
ajeer-230	132	9	al	al	PROPN
ajeer-230	132	10	.	.	PROPN
ajeer-230	133	1	(	(	PUNCT
ajeer-230	133	2	2005	2005	NUM
ajeer-230	133	3	)	)	PUNCT
ajeer-230	133	4	and	and	CCONJ
ajeer-230	133	5	cooper	cooper	PROPN
ajeer-230	133	6	et	et	PROPN
ajeer-230	133	7	al	al	PROPN
ajeer-230	133	8	.	.	PROPN
ajeer-230	134	1	(	(	PUNCT
ajeer-230	134	2	2011	2011	NUM
ajeer-230	134	3	)	)	PUNCT
ajeer-230	134	4	.	.	PUNCT
ajeer-230	135	1	stata	stata	PROPN
ajeer-230	135	2	14.1	14.1	NUM
ajeer-230	135	3	was	be	AUX
ajeer-230	135	4	used	use	VERB
ajeer-230	135	5	to	to	PART
ajeer-230	135	6	decompose	decompose	VERB
ajeer-230	135	7	errors	error	NOUN
ajeer-230	135	8	(	(	PUNCT
ajeer-230	135	9	jondrow	jondrow	VERB
ajeer-230	135	10	et	et	PROPN
ajeer-230	135	11	al	al	PROPN
ajeer-230	135	12	.	.	PROPN
ajeer-230	135	13	,	,	PUNCT
ajeer-230	135	14	1982	1982	NUM
ajeer-230	135	15	;	;	PUNCT
ajeer-230	135	16	pascoe	pascoe	PROPN
ajeer-230	135	17	et	et	PROPN
ajeer-230	135	18	al	al	PROPN
ajeer-230	135	19	.	.	PROPN
ajeer-230	135	20	,	,	PUNCT
ajeer-230	135	21	2003	2003	NUM
ajeer-230	135	22	)	)	PUNCT
ajeer-230	135	23	.	.	PUNCT
ajeer-230	136	1	the	the	DET
ajeer-230	136	2	sfa	sfa	PROPN
ajeer-230	136	3	was	be	AUX
ajeer-230	136	4	based	base	VERB
ajeer-230	136	5	on	on	ADP
ajeer-230	136	6	cobb	cobb	PROPN
ajeer-230	136	7	-	-	PUNCT
ajeer-230	136	8	douglas	douglas	PROPN
ajeer-230	136	9	logarithmic	logarithmic	PROPN
ajeer-230	136	10	model	model	PROPN
ajeer-230	136	11	iny	iny	PROPN
ajeer-230	136	12	⃰	⃰	PROPN
ajeer-230	136	13	=	=	SYM
ajeer-230	136	14	β0	β0	NOUN
ajeer-230	136	15	+	+	CCONJ
ajeer-230	136	16	inζkjt+vrjt+urjt	inζkjt+vrjt+urjt	NOUN
ajeer-230	136	17	,	,	PUNCT
ajeer-230	136	18	where	where	SCONJ
ajeer-230	136	19	:	:	PUNCT
ajeer-230	136	20	βr	βr	PRON
ajeer-230	136	21	is	be	AUX
ajeer-230	136	22	the	the	DET
ajeer-230	136	23	frontier	frontier	NOUN
ajeer-230	136	24	deterministic	deterministic	ADJ
ajeer-230	136	25	component	component	NOUN
ajeer-230	136	26	,	,	PUNCT
ajeer-230	136	27	vrjt	vrjt	NOUN
ajeer-230	136	28	is	be	AUX
ajeer-230	136	29	stochastic	stochastic	ADJ
ajeer-230	136	30	part	part	NOUN
ajeer-230	136	31	and	and	CCONJ
ajeer-230	136	32	urjt	urjt	NOUN
ajeer-230	136	33	presents	present	VERB
ajeer-230	136	34	the	the	DET
ajeer-230	136	35	shortfall	shortfall	NOUN
ajeer-230	136	36	observed	observe	VERB
ajeer-230	136	37	individual	individual	ADJ
ajeer-230	136	38	fails	fail	VERB
ajeer-230	136	39	to	to	PART
ajeer-230	136	40	hit	hit	VERB
ajeer-230	136	41	the	the	DET
ajeer-230	136	42	optimum	optimum	ADJ
ajeer-230	136	43	asian	asian	ADJ
ajeer-230	136	44	journal	journal	NOUN
ajeer-230	136	45	of	of	ADP
ajeer-230	136	46	economics	economic	NOUN
ajeer-230	136	47	and	and	CCONJ
ajeer-230	136	48	empirical	empirical	ADJ
ajeer-230	136	49	research	research	NOUN
ajeer-230	136	50	,	,	PUNCT
ajeer-230	136	51	2017	2017	NUM
ajeer-230	136	52	,	,	PUNCT
ajeer-230	136	53	4(2	4(2	NUM
ajeer-230	136	54	):	):	PUNCT
ajeer-230	136	55	49	49	NUM
ajeer-230	136	56	-	-	SYM
ajeer-230	136	57	60	60	NUM
ajeer-230	136	58	53	53	NUM
ajeer-230	136	59	(	(	PUNCT
ajeer-230	136	60	frontier	frontier	NOUN
ajeer-230	136	61	)	)	PUNCT
ajeer-230	136	62	,	,	PUNCT
ajeer-230	136	63	j	j	PROPN
ajeer-230	136	64	(	(	PUNCT
ajeer-230	136	65	j=1,	j=1,	NOUN
ajeer-230	136	66	…	…	PUNCT
ajeer-230	136	67	,n	,n	NOUN
ajeer-230	136	68	)	)	PUNCT
ajeer-230	136	69	is	be	AUX
ajeer-230	136	70	the	the	DET
ajeer-230	136	71	cross	cross	ADJ
ajeer-230	136	72	-	-	ADJ
ajeer-230	136	73	sectional	sectional	ADJ
ajeer-230	136	74	identifier	identifier	NOUN
ajeer-230	136	75	,	,	PUNCT
ajeer-230	136	76	t(t=1,	t(t=1,	NOUN
ajeer-230	136	77	…	…	PUNCT
ajeer-230	136	78	,t	,t	X
ajeer-230	136	79	)	)	PUNCT
ajeer-230	136	80	is	be	AUX
ajeer-230	136	81	time	time	NOUN
ajeer-230	136	82	identifier	identifier	NOUN
ajeer-230	136	83	,	,	PUNCT
ajeer-230	136	84	y	y	PROPN
ajeer-230	136	85	⃰	⃰	PROPN
ajeer-230	136	86	is	be	AUX
ajeer-230	136	87	the	the	DET
ajeer-230	136	88	first	first	ADJ
ajeer-230	136	89	stage	stage	NOUN
ajeer-230	136	90	optimal	optimal	ADJ
ajeer-230	136	91	slack(normalized	slack(normalize	VERB
ajeer-230	136	92	)	)	PUNCT
ajeer-230	136	93	in	in	ADP
ajeer-230	136	94	output	output	NOUN
ajeer-230	136	95	r	r	NOUN
ajeer-230	136	96	of	of	ADP
ajeer-230	136	97	dmuj	dmuj	NOUN
ajeer-230	136	98	,	,	PUNCT
ajeer-230	136	99	βo	βo	X
ajeer-230	136	100	is	be	AUX
ajeer-230	136	101	the	the	DET
ajeer-230	136	102	intercept	intercept	NOUN
ajeer-230	136	103	of	of	ADP
ajeer-230	136	104	output	output	NOUN
ajeer-230	136	105	slack	slack	NOUN
ajeer-230	136	106	equation	equation	NOUN
ajeer-230	136	107	,	,	PUNCT
ajeer-230	136	108	‘	'	PUNCT
ajeer-230	136	109	in	in	ADP
ajeer-230	136	110	’	'	PUNCT
ajeer-230	136	111	is	be	AUX
ajeer-230	136	112	natural	natural	ADJ
ajeer-230	136	113	logarithm	logarithm	NOUN
ajeer-230	136	114	,	,	PUNCT
ajeer-230	136	115	and	and	CCONJ
ajeer-230	136	116	z	z	NOUN
ajeer-230	136	117	has	have	VERB
ajeer-230	136	118	k(k=1,	k(k=1,	NOUN
ajeer-230	136	119	…	…	SYM
ajeer-230	136	120	,k	,k	PUNCT
ajeer-230	136	121	)	)	PUNCT
ajeer-230	136	122	observable	observable	ADJ
ajeer-230	136	123	environmental	environmental	ADJ
ajeer-230	136	124	factors	factor	NOUN
ajeer-230	136	125	(	(	PUNCT
ajeer-230	136	126	battese	battese	ADJ
ajeer-230	136	127	and	and	CCONJ
ajeer-230	136	128	coelli	coelli	PROPN
ajeer-230	136	129	,	,	PUNCT
ajeer-230	136	130	1995	1995	NUM
ajeer-230	136	131	)	)	PUNCT
ajeer-230	136	132	.	.	PUNCT
ajeer-230	137	1	3.3	3.3	NUM
ajeer-230	137	2	.	.	PUNCT
ajeer-230	138	1	dea	dea	PROPN
ajeer-230	138	2	result	result	VERB
ajeer-230	138	3	the	the	DET
ajeer-230	138	4	study	study	NOUN
ajeer-230	138	5	examined	examine	VERB
ajeer-230	138	6	the	the	DET
ajeer-230	138	7	inefficiency	inefficiency	NOUN
ajeer-230	138	8	and	and	CCONJ
ajeer-230	138	9	efficiency	efficiency	NOUN
ajeer-230	138	10	census	census	NOUN
ajeer-230	138	11	of	of	ADP
ajeer-230	138	12	46	46	NUM
ajeer-230	138	13	saccos	sacco	NOUN
ajeer-230	138	14	using	use	VERB
ajeer-230	138	15	a	a	DET
ajeer-230	138	16	non	non	ADJ
ajeer-230	138	17	-	-	ADJ
ajeer-230	138	18	parametric	parametric	ADJ
ajeer-230	138	19	variable	variable	ADJ
ajeer-230	138	20	return	return	NOUN
ajeer-230	138	21	to	to	ADP
ajeer-230	138	22	scale	scale	NOUN
ajeer-230	138	23	(	(	PUNCT
ajeer-230	138	24	vrs	vrs	ADJ
ajeer-230	138	25	)	)	PUNCT
ajeer-230	138	26	bcc	bcc	PROPN
ajeer-230	138	27	or	or	CCONJ
ajeer-230	138	28	technical	technical	ADJ
ajeer-230	138	29	efficiency	efficiency	NOUN
ajeer-230	138	30	model	model	NOUN
ajeer-230	138	31	.	.	PUNCT
ajeer-230	139	1	the	the	DET
ajeer-230	139	2	model	model	NOUN
ajeer-230	139	3	utilized	utilize	VERB
ajeer-230	139	4	was	be	AUX
ajeer-230	139	5	output	output	NOUN
ajeer-230	139	6	oriented	orient	VERB
ajeer-230	139	7	whereby	whereby	SCONJ
ajeer-230	139	8	the	the	DET
ajeer-230	139	9	output	output	NOUN
ajeer-230	139	10	included	include	VERB
ajeer-230	139	11	:	:	PUNCT
ajeer-230	139	12	total	total	ADJ
ajeer-230	139	13	revenue	revenue	NOUN
ajeer-230	139	14	,	,	PUNCT
ajeer-230	139	15	loans	loan	NOUN
ajeer-230	139	16	to	to	ADP
ajeer-230	139	17	members	member	NOUN
ajeer-230	139	18	,	,	PUNCT
ajeer-230	139	19	net	net	ADJ
ajeer-230	139	20	operating	operate	VERB
ajeer-230	139	21	cash	cash	NOUN
ajeer-230	139	22	flows	flow	NOUN
ajeer-230	139	23	,	,	PUNCT
ajeer-230	139	24	and	and	CCONJ
ajeer-230	139	25	divided	divide	VERB
ajeer-230	139	26	plus	plus	CCONJ
ajeer-230	139	27	interest	interest	NOUN
ajeer-230	139	28	on	on	ADP
ajeer-230	139	29	members	member	NOUN
ajeer-230	139	30	deposits	deposit	NOUN
ajeer-230	139	31	while	while	SCONJ
ajeer-230	139	32	inputs	input	NOUN
ajeer-230	139	33	were	be	AUX
ajeer-230	139	34	:	:	PUNCT
ajeer-230	139	35	operating	operate	VERB
ajeer-230	139	36	costs	cost	NOUN
ajeer-230	139	37	,	,	PUNCT
ajeer-230	139	38	total	total	ADJ
ajeer-230	139	39	borrowings	borrowing	NOUN
ajeer-230	139	40	and	and	CCONJ
ajeer-230	139	41	owners	owner	NOUN
ajeer-230	139	42	’	'	PUNCT
ajeer-230	139	43	equity	equity	NOUN
ajeer-230	139	44	plus	plus	CCONJ
ajeer-230	139	45	members	member	NOUN
ajeer-230	139	46	deposits	deposit	NOUN
ajeer-230	139	47	.	.	PUNCT
ajeer-230	140	1	the	the	DET
ajeer-230	140	2	panel	panel	NOUN
ajeer-230	140	3	data	datum	NOUN
ajeer-230	140	4	model	model	NOUN
ajeer-230	140	5	utilized	utilize	VERB
ajeer-230	140	6	using	use	VERB
ajeer-230	140	7	stata	stata	PROPN
ajeer-230	140	8	dea	dea	PROPN
ajeer-230	140	9	software	software	NOUN
ajeer-230	140	10	was	be	AUX
ajeer-230	140	11	derived	derive	VERB
ajeer-230	140	12	from	from	ADP
ajeer-230	140	13	368	368	NUM
ajeer-230	140	14	observations	observation	NOUN
ajeer-230	140	15	while	while	SCONJ
ajeer-230	140	16	technical	technical	ADJ
ajeer-230	140	17	efficiency	efficiency	NOUN
ajeer-230	140	18	was	be	AUX
ajeer-230	140	19	measured	measure	VERB
ajeer-230	140	20	on	on	ADP
ajeer-230	140	21	scale	scale	NOUN
ajeer-230	140	22	of	of	ADP
ajeer-230	140	23	0	0	NUM
ajeer-230	140	24	up	up	ADP
ajeer-230	140	25	to	to	ADP
ajeer-230	140	26	a	a	DET
ajeer-230	140	27	maximum	maximum	NOUN
ajeer-230	140	28	of	of	ADP
ajeer-230	140	29	1	1	NUM
ajeer-230	140	30	.	.	PUNCT
ajeer-230	141	1	dea	dea	PROPN
ajeer-230	141	2	result	result	PROPN
ajeer-230	141	3	indicated	indicate	VERB
ajeer-230	141	4	that	that	SCONJ
ajeer-230	141	5	a	a	DET
ajeer-230	141	6	total	total	NOUN
ajeer-230	141	7	of	of	ADP
ajeer-230	141	8	24	24	NUM
ajeer-230	141	9	out	out	ADP
ajeer-230	141	10	of	of	ADP
ajeer-230	141	11	46	46	NUM
ajeer-230	141	12	saccos	sacco	NOUN
ajeer-230	141	13	were	be	AUX
ajeer-230	141	14	strongly	strongly	ADV
ajeer-230	141	15	efficient	efficient	ADJ
ajeer-230	141	16	and	and	CCONJ
ajeer-230	141	17	exhibited	exhibit	VERB
ajeer-230	141	18	zero	zero	NUM
ajeer-230	141	19	slacks	slack	NOUN
ajeer-230	141	20	across	across	ADP
ajeer-230	141	21	all	all	DET
ajeer-230	141	22	output	output	NOUN
ajeer-230	141	23	variables	variable	NOUN
ajeer-230	141	24	and	and	CCONJ
ajeer-230	141	25	this	this	PRON
ajeer-230	141	26	was	be	AUX
ajeer-230	141	27	attributed	attribute	VERB
ajeer-230	141	28	to	to	ADP
ajeer-230	141	29	net	net	ADJ
ajeer-230	141	30	operating	operate	VERB
ajeer-230	141	31	cash	cash	NOUN
ajeer-230	141	32	flows	flow	NOUN
ajeer-230	141	33	reported	report	VERB
ajeer-230	141	34	for	for	ADP
ajeer-230	141	35	the	the	DET
ajeer-230	141	36	corresponding	corresponding	ADJ
ajeer-230	141	37	years	year	NOUN
ajeer-230	141	38	.	.	PUNCT
ajeer-230	142	1	3.4	3.4	NUM
ajeer-230	142	2	.	.	PUNCT
ajeer-230	143	1	output	output	NOUN
ajeer-230	143	2	description	description	NOUN
ajeer-230	143	3	table	table	NOUN
ajeer-230	143	4	1	1	NUM
ajeer-230	143	5	presents	present	VERB
ajeer-230	143	6	the	the	DET
ajeer-230	143	7	mean	mean	ADJ
ajeer-230	143	8	output	output	NOUN
ajeer-230	143	9	as	as	SCONJ
ajeer-230	143	10	expressed	express	VERB
ajeer-230	143	11	in	in	ADP
ajeer-230	143	12	tr(total	tr(total	ADJ
ajeer-230	143	13	revenue	revenue	NOUN
ajeer-230	143	14	slack	slack	NOUN
ajeer-230	143	15	)	)	PUNCT
ajeer-230	143	16	,	,	PUNCT
ajeer-230	143	17	lm(loan	lm(loan	NOUN
ajeer-230	143	18	to	to	ADP
ajeer-230	143	19	members	member	NOUN
ajeer-230	143	20	slack	slack	VERB
ajeer-230	143	21	)	)	PUNCT
ajeer-230	143	22	,	,	PUNCT
ajeer-230	143	23	nocf(net	nocf(net	NOUN
ajeer-230	143	24	operating	operate	VERB
ajeer-230	143	25	cash	cash	NOUN
ajeer-230	143	26	flows	flow	VERB
ajeer-230	143	27	slack	slack	VERB
ajeer-230	143	28	)	)	PUNCT
ajeer-230	143	29	,	,	PUNCT
ajeer-230	143	30	and	and	CCONJ
ajeer-230	143	31	div(dividend	div(dividend	AUX
ajeer-230	143	32	slack	slack	VERB
ajeer-230	143	33	)	)	PUNCT
ajeer-230	143	34	in	in	ADP
ajeer-230	143	35	kshs.million	kshs.million	NOUN
ajeer-230	143	36	for	for	ADP
ajeer-230	143	37	years	year	NOUN
ajeer-230	143	38	2007	2007	NUM
ajeer-230	143	39	to	to	ADP
ajeer-230	143	40	2014	2014	NUM
ajeer-230	143	41	.	.	PUNCT
ajeer-230	144	1	as	as	SCONJ
ajeer-230	144	2	reflected	reflect	VERB
ajeer-230	144	3	in	in	ADP
ajeer-230	144	4	the	the	DET
ajeer-230	144	5	table	table	NOUN
ajeer-230	144	6	3.1	3.1	NUM
ajeer-230	144	7	the	the	DET
ajeer-230	144	8	mean	mean	NOUN
ajeer-230	144	9	tr	tr	VERB
ajeer-230	144	10	,	,	PUNCT
ajeer-230	144	11	lm	lm	INTJ
ajeer-230	144	12	,	,	PUNCT
ajeer-230	144	13	nocf	nocf	PROPN
ajeer-230	144	14	,	,	PUNCT
ajeer-230	144	15	div	div	X
ajeer-230	144	16	for	for	ADP
ajeer-230	144	17	the	the	DET
ajeer-230	144	18	saccos	saccos	PROPN
ajeer-230	144	19	sub	sub	NOUN
ajeer-230	144	20	-	-	NOUN
ajeer-230	144	21	sector	sector	NOUN
ajeer-230	144	22	(	(	PUNCT
ajeer-230	144	23	fosa	fosa	NOUN
ajeer-230	144	24	)	)	PUNCT
ajeer-230	144	25	was	be	AUX
ajeer-230	144	26	427	427	NUM
ajeer-230	144	27	,	,	PUNCT
ajeer-230	144	28	2234	2234	NUM
ajeer-230	144	29	,	,	PUNCT
ajeer-230	144	30	1038	1038	NUM
ajeer-230	144	31	,	,	PUNCT
ajeer-230	144	32	and	and	CCONJ
ajeer-230	144	33	148	148	NUM
ajeer-230	144	34	respectively	respectively	ADV
ajeer-230	144	35	.	.	PUNCT
ajeer-230	145	1	the	the	DET
ajeer-230	145	2	overall	overall	ADJ
ajeer-230	145	3	mean	mean	ADJ
ajeer-230	145	4	score	score	NOUN
ajeer-230	145	5	as	as	ADP
ajeer-230	145	6	a	a	DET
ajeer-230	145	7	percentage	percentage	NOUN
ajeer-230	145	8	of	of	ADP
ajeer-230	145	9	the	the	DET
ajeer-230	145	10	saccos	sacco	NOUN
ajeer-230	145	11	’	'	PUNCT
ajeer-230	145	12	sub	sub	ADJ
ajeer-230	145	13	-	-	ADJ
ajeer-230	145	14	sector	sector	ADJ
ajeer-230	145	15	sum	sum	NOUN
ajeer-230	145	16	was	be	AUX
ajeer-230	145	17	0.18	0.18	NUM
ajeer-230	145	18	%	%	NOUN
ajeer-230	145	19	across	across	ADP
ajeer-230	145	20	all	all	DET
ajeer-230	145	21	outputs	output	NOUN
ajeer-230	145	22	.	.	PUNCT
ajeer-230	146	1	table-1	table-1	NUM
ajeer-230	146	2	.	.	PUNCT
ajeer-230	147	1	eight	eight	NUM
ajeer-230	147	2	years	year	NOUN
ajeer-230	147	3	mean	mean	VERB
ajeer-230	147	4	outputs	output	NOUN
ajeer-230	147	5	of	of	ADP
ajeer-230	147	6	saccos	saccos	PROPN
ajeer-230	147	7	in	in	ADP
ajeer-230	147	8	kenya	kenya	PROPN
ajeer-230	147	9	eight	eight	NUM
ajeer-230	147	10	years	year	NOUN
ajeer-230	147	11	mean	mean	VERB
ajeer-230	147	12	outputs	output	NOUN
ajeer-230	147	13	of	of	ADP
ajeer-230	147	14	saccos	saccos	PROPN
ajeer-230	147	15	in	in	ADP
ajeer-230	147	16	kenya	kenya	PROPN
ajeer-230	147	17	tr	tr	PROPN
ajeer-230	147	18	lm	lm	INTJ
ajeer-230	147	19	nocf	nocf	PROPN
ajeer-230	147	20	div	div	PROPN
ajeer-230	147	21	mean	mean	VERB
ajeer-230	147	22	score	score	VERB
ajeer-230	147	23	427	427	NUM
ajeer-230	147	24	2234	2234	NUM
ajeer-230	147	25	1038	1038	NUM
ajeer-230	147	26	148	148	NUM
ajeer-230	147	27	standard	standard	ADJ
ajeer-230	147	28	deviation	deviation	NOUN
ajeer-230	147	29	1114	1114	NUM
ajeer-230	147	30	6720	6720	NUM
ajeer-230	147	31	1380	1380	NUM
ajeer-230	147	32	596	596	NUM
ajeer-230	147	33	mean	mean	NOUN
ajeer-230	147	34	as	as	ADP
ajeer-230	147	35	a	a	DET
ajeer-230	147	36	%	%	NOUN
ajeer-230	147	37	of	of	ADP
ajeer-230	147	38	industry	industry	NOUN
ajeer-230	147	39	sum	sum	NOUN
ajeer-230	147	40	0.18	0.18	NUM
ajeer-230	147	41	0.18	0.18	NUM
ajeer-230	147	42	0.18	0.18	NUM
ajeer-230	147	43	0.18	0.18	NUM
ajeer-230	147	44	observations	observation	NOUN
ajeer-230	147	45	368	368	NUM
ajeer-230	147	46	368	368	NUM
ajeer-230	147	47	368	368	NUM
ajeer-230	147	48	368	368	NUM
ajeer-230	147	49	source	source	NOUN
ajeer-230	147	50	:	:	PUNCT
ajeer-230	147	51	research	research	NOUN
ajeer-230	147	52	(	(	PUNCT
ajeer-230	147	53	2015	2015	NUM
ajeer-230	147	54	)	)	PUNCT
ajeer-230	147	55	3.5	3.5	NUM
ajeer-230	147	56	.	.	PUNCT
ajeer-230	148	1	descriptive	descriptive	ADJ
ajeer-230	148	2	statistics	statistic	NOUN
ajeer-230	148	3	the	the	DET
ajeer-230	148	4	descriptive	descriptive	ADJ
ajeer-230	148	5	statistics	statistic	NOUN
ajeer-230	148	6	in	in	ADP
ajeer-230	148	7	table	table	NOUN
ajeer-230	148	8	2	2	NUM
ajeer-230	148	9	presents	present	VERB
ajeer-230	148	10	specific	specific	ADJ
ajeer-230	148	11	variables	variable	NOUN
ajeer-230	148	12	that	that	PRON
ajeer-230	148	13	determine	determine	VERB
ajeer-230	148	14	the	the	DET
ajeer-230	148	15	inefficiency	inefficiency	NOUN
ajeer-230	148	16	of	of	ADP
ajeer-230	148	17	saccos	saccos	PROPN
ajeer-230	148	18	in	in	ADP
ajeer-230	148	19	kenya	kenya	PROPN
ajeer-230	148	20	.	.	PUNCT
ajeer-230	149	1	as	as	SCONJ
ajeer-230	149	2	reflected	reflect	VERB
ajeer-230	149	3	in	in	ADP
ajeer-230	149	4	the	the	DET
ajeer-230	149	5	table	table	NOUN
ajeer-230	149	6	2	2	NUM
ajeer-230	149	7	,	,	PUNCT
ajeer-230	149	8	the	the	DET
ajeer-230	149	9	mean	mean	ADJ
ajeer-230	149	10	capital	capital	NOUN
ajeer-230	149	11	adequacy	adequacy	NOUN
ajeer-230	149	12	of	of	ADP
ajeer-230	149	13	saccos	saccos	PROPN
ajeer-230	149	14	in	in	ADP
ajeer-230	149	15	kenya	kenya	PROPN
ajeer-230	149	16	was	be	AUX
ajeer-230	149	17	21	21	NUM
ajeer-230	149	18	%	%	NOUN
ajeer-230	149	19	.	.	PUNCT
ajeer-230	150	1	the	the	DET
ajeer-230	150	2	percentage	percentage	NOUN
ajeer-230	150	3	is	be	AUX
ajeer-230	150	4	above	above	ADP
ajeer-230	150	5	10	10	NUM
ajeer-230	150	6	%	%	NOUN
ajeer-230	150	7	set	set	VERB
ajeer-230	150	8	by	by	ADP
ajeer-230	150	9	sasra	sasra	NOUN
ajeer-230	150	10	(	(	PUNCT
ajeer-230	150	11	ssr	ssr	X
ajeer-230	150	12	,	,	PUNCT
ajeer-230	150	13	2010	2010	NUM
ajeer-230	150	14	)	)	PUNCT
ajeer-230	150	15	.	.	PUNCT
ajeer-230	151	1	this	this	PRON
ajeer-230	151	2	indicates	indicate	VERB
ajeer-230	151	3	that	that	SCONJ
ajeer-230	151	4	saccos	saccos	PROPN
ajeer-230	151	5	in	in	ADP
ajeer-230	151	6	kenya	kenya	PROPN
ajeer-230	151	7	running	run	VERB
ajeer-230	151	8	fosa	fosa	PROPN
ajeer-230	151	9	hold	hold	VERB
ajeer-230	151	10	more	more	ADJ
ajeer-230	151	11	capital	capital	NOUN
ajeer-230	151	12	than	than	SCONJ
ajeer-230	151	13	required	require	VERB
ajeer-230	151	14	.	.	PUNCT
ajeer-230	152	1	this	this	PRON
ajeer-230	152	2	was	be	AUX
ajeer-230	152	3	an	an	DET
ajeer-230	152	4	indication	indication	NOUN
ajeer-230	152	5	that	that	SCONJ
ajeer-230	152	6	saccos	saccos	AUX
ajeer-230	152	7	running	run	VERB
ajeer-230	152	8	fosa	fosa	NOUN
ajeer-230	152	9	in	in	ADP
ajeer-230	152	10	kenya	kenya	PROPN
ajeer-230	152	11	were	be	AUX
ajeer-230	152	12	risk	risk	NOUN
ajeer-230	152	13	averse	averse	ADJ
ajeer-230	152	14	and	and	CCONJ
ajeer-230	152	15	in	in	ADP
ajeer-230	152	16	return	return	NOUN
ajeer-230	152	17	earn	earn	VERB
ajeer-230	152	18	less	less	ADJ
ajeer-230	152	19	profit	profit	NOUN
ajeer-230	152	20	.	.	PUNCT
ajeer-230	153	1	on	on	ADP
ajeer-230	153	2	the	the	DET
ajeer-230	153	3	contrary	contrary	NOUN
ajeer-230	153	4	the	the	DET
ajeer-230	153	5	ratio	ratio	NOUN
ajeer-230	153	6	of	of	ADP
ajeer-230	153	7	net	net	ADJ
ajeer-230	153	8	profit	profit	NOUN
ajeer-230	153	9	to	to	PART
ajeer-230	153	10	total	total	ADJ
ajeer-230	153	11	assets	asset	NOUN
ajeer-230	153	12	is	be	AUX
ajeer-230	153	13	high	high	ADJ
ajeer-230	153	14	at	at	ADP
ajeer-230	153	15	22	22	NUM
ajeer-230	153	16	%	%	NOUN
ajeer-230	153	17	,	,	PUNCT
ajeer-230	153	18	an	an	DET
ajeer-230	153	19	indication	indication	NOUN
ajeer-230	153	20	of	of	ADP
ajeer-230	153	21	mixed	mixed	ADJ
ajeer-230	153	22	result	result	NOUN
ajeer-230	153	23	pointing	point	VERB
ajeer-230	153	24	to	to	ADP
ajeer-230	153	25	the	the	DET
ajeer-230	153	26	direction	direction	NOUN
ajeer-230	153	27	of	of	ADP
ajeer-230	153	28	inefficiency	inefficiency	NOUN
ajeer-230	153	29	(	(	PUNCT
ajeer-230	153	30	brown	brown	ADJ
ajeer-230	153	31	,	,	PUNCT
ajeer-230	153	32	2006	2006	NUM
ajeer-230	153	33	)	)	PUNCT
ajeer-230	153	34	.	.	PUNCT
ajeer-230	154	1	the	the	DET
ajeer-230	154	2	market	market	NOUN
ajeer-230	154	3	power	power	NOUN
ajeer-230	154	4	of	of	ADP
ajeer-230	154	5	2	2	NUM
ajeer-230	154	6	%	%	NOUN
ajeer-230	154	7	is	be	AUX
ajeer-230	154	8	far	far	ADV
ajeer-230	154	9	below	below	ADP
ajeer-230	154	10	70	70	NUM
ajeer-230	154	11	%	%	NOUN
ajeer-230	154	12	standard	standard	ADJ
ajeer-230	154	13	market	market	NOUN
ajeer-230	154	14	share	share	NOUN
ajeer-230	154	15	that	that	PRON
ajeer-230	154	16	indicates	indicate	VERB
ajeer-230	154	17	a	a	DET
ajeer-230	154	18	few	few	ADJ
ajeer-230	154	19	firms	firm	NOUN
ajeer-230	154	20	being	be	AUX
ajeer-230	154	21	in	in	ADP
ajeer-230	154	22	control	control	NOUN
ajeer-230	154	23	of	of	ADP
ajeer-230	154	24	an	an	DET
ajeer-230	154	25	industry	industry	NOUN
ajeer-230	154	26	(	(	PUNCT
ajeer-230	154	27	ogebe	ogebe	VERB
ajeer-230	154	28	et	et	PROPN
ajeer-230	154	29	al	al	PROPN
ajeer-230	154	30	.	.	PROPN
ajeer-230	154	31	,	,	PUNCT
ajeer-230	154	32	2013	2013	NUM
ajeer-230	154	33	)	)	PUNCT
ajeer-230	154	34	.	.	PUNCT
ajeer-230	155	1	further	far	ADV
ajeer-230	155	2	,	,	PUNCT
ajeer-230	155	3	the	the	DET
ajeer-230	155	4	average	average	ADJ
ajeer-230	155	5	women	woman	NOUN
ajeer-230	155	6	on	on	ADP
ajeer-230	155	7	the	the	DET
ajeer-230	155	8	board	board	NOUN
ajeer-230	155	9	stood	stand	VERB
ajeer-230	155	10	at	at	ADP
ajeer-230	155	11	20	20	NUM
ajeer-230	155	12	%	%	NOUN
ajeer-230	155	13	with	with	ADP
ajeer-230	155	14	standard	standard	ADJ
ajeer-230	155	15	deviation	deviation	NOUN
ajeer-230	155	16	of	of	ADP
ajeer-230	155	17	12%.this	12%.this	NUM
ajeer-230	155	18	is	be	AUX
ajeer-230	155	19	a	a	DET
ajeer-230	155	20	low	low	ADJ
ajeer-230	155	21	number	number	NOUN
ajeer-230	155	22	and	and	CCONJ
ajeer-230	155	23	has	have	VERB
ajeer-230	155	24	little	little	ADJ
ajeer-230	155	25	influence	influence	NOUN
ajeer-230	155	26	on	on	ADP
ajeer-230	155	27	saccos	sacco	NOUN
ajeer-230	155	28	’	'	PUNCT
ajeer-230	155	29	inefficiency	inefficiency	NOUN
ajeer-230	155	30	(	(	PUNCT
ajeer-230	155	31	higgs	higgs	PROPN
ajeer-230	155	32	,	,	PUNCT
ajeer-230	155	33	2003	2003	NUM
ajeer-230	155	34	)	)	PUNCT
ajeer-230	155	35	.	.	PUNCT
ajeer-230	156	1	the	the	DET
ajeer-230	156	2	table	table	NOUN
ajeer-230	156	3	2	2	NUM
ajeer-230	156	4	also	also	ADV
ajeer-230	156	5	reflect	reflect	AUX
ajeer-230	156	6	mean	mean	VERB
ajeer-230	156	7	defaulted	default	VERB
ajeer-230	156	8	loans	loan	NOUN
ajeer-230	156	9	ratio	ratio	NOUN
ajeer-230	156	10	being	be	AUX
ajeer-230	156	11	3	3	NUM
ajeer-230	156	12	%	%	NOUN
ajeer-230	156	13	which	which	PRON
ajeer-230	156	14	is	be	AUX
ajeer-230	156	15	below	below	ADP
ajeer-230	156	16	4	4	NUM
ajeer-230	156	17	%	%	NOUN
ajeer-230	156	18	according	accord	VERB
ajeer-230	156	19	to	to	ADP
ajeer-230	156	20	census	census	NOUN
ajeer-230	156	21	research	research	NOUN
ajeer-230	156	22	on	on	ADP
ajeer-230	156	23	saccos	saccos	PROPN
ajeer-230	156	24	in	in	ADP
ajeer-230	156	25	meru	meru	PROPN
ajeer-230	156	26	county	county	PROPN
ajeer-230	156	27	kenya	kenya	PROPN
ajeer-230	156	28	(	(	PUNCT
ajeer-230	156	29	olando	olando	PROPN
ajeer-230	156	30	et	et	PROPN
ajeer-230	156	31	al	al	PROPN
ajeer-230	156	32	.	.	PROPN
ajeer-230	156	33	,	,	PUNCT
ajeer-230	156	34	2012	2012	NUM
ajeer-230	156	35	)	)	PUNCT
ajeer-230	156	36	.	.	PUNCT
ajeer-230	157	1	this	this	PRON
ajeer-230	157	2	is	be	AUX
ajeer-230	157	3	an	an	DET
ajeer-230	157	4	indication	indication	NOUN
ajeer-230	157	5	that	that	SCONJ
ajeer-230	157	6	the	the	DET
ajeer-230	157	7	regulator	regulator	NOUN
ajeer-230	157	8	role	role	NOUN
ajeer-230	157	9	has	have	AUX
ajeer-230	157	10	played	play	VERB
ajeer-230	157	11	an	an	DET
ajeer-230	157	12	impact	impact	NOUN
ajeer-230	157	13	in	in	ADP
ajeer-230	157	14	reducing	reduce	VERB
ajeer-230	157	15	the	the	DET
ajeer-230	157	16	default	default	NOUN
ajeer-230	157	17	risks	risk	NOUN
ajeer-230	157	18	to	to	ADP
ajeer-230	157	19	lower	low	ADJ
ajeer-230	157	20	percentage	percentage	NOUN
ajeer-230	157	21	and	and	CCONJ
ajeer-230	157	22	may	may	AUX
ajeer-230	157	23	point	point	VERB
ajeer-230	157	24	to	to	ADP
ajeer-230	157	25	the	the	DET
ajeer-230	157	26	direction	direction	NOUN
ajeer-230	157	27	that	that	PRON
ajeer-230	157	28	in	in	ADP
ajeer-230	157	29	this	this	DET
ajeer-230	157	30	sub	sub	NOUN
ajeer-230	157	31	-	-	NOUN
ajeer-230	157	32	sector	sector	NOUN
ajeer-230	157	33	,	,	PUNCT
ajeer-230	157	34	loan	loan	NOUN
ajeer-230	157	35	guarantors	guarantor	NOUN
ajeer-230	157	36	carry	carry	VERB
ajeer-230	157	37	next	next	ADV
ajeer-230	157	38	to	to	ADP
ajeer-230	157	39	97	97	NUM
ajeer-230	157	40	%	%	NOUN
ajeer-230	157	41	burden	burden	NOUN
ajeer-230	157	42	in	in	ADP
ajeer-230	157	43	case	case	NOUN
ajeer-230	157	44	of	of	ADP
ajeer-230	157	45	any	any	DET
ajeer-230	157	46	default	default	NOUN
ajeer-230	157	47	thus	thus	ADV
ajeer-230	157	48	lowering	lower	VERB
ajeer-230	157	49	lp	lp	DET
ajeer-230	157	50	effect	effect	NOUN
ajeer-230	157	51	on	on	ADP
ajeer-230	157	52	inefficiency	inefficiency	NOUN
ajeer-230	157	53	.	.	PUNCT
ajeer-230	158	1	according	accord	VERB
ajeer-230	158	2	to	to	ADP
ajeer-230	158	3	brown	brown	NOUN
ajeer-230	158	4	and	and	CCONJ
ajeer-230	158	5	o’connor	o’connor	ADV
ajeer-230	158	6	(	(	PUNCT
ajeer-230	158	7	1999	1999	NUM
ajeer-230	158	8	)	)	PUNCT
ajeer-230	158	9	higher	high	ADJ
ajeer-230	158	10	default	default	NOUN
ajeer-230	158	11	rate	rate	NOUN
ajeer-230	158	12	lowers	lower	VERB
ajeer-230	158	13	the	the	DET
ajeer-230	158	14	relative	relative	ADJ
ajeer-230	158	15	efficiency	efficiency	NOUN
ajeer-230	158	16	of	of	ADP
ajeer-230	158	17	a	a	DET
ajeer-230	158	18	money	money	NOUN
ajeer-230	158	19	market	market	NOUN
ajeer-230	158	20	.	.	PUNCT
ajeer-230	159	1	the	the	DET
ajeer-230	159	2	average	average	ADJ
ajeer-230	159	3	age	age	NOUN
ajeer-230	159	4	of	of	ADP
ajeer-230	159	5	saccos	saccos	PROPN
ajeer-230	159	6	was	be	AUX
ajeer-230	159	7	shown	show	VERB
ajeer-230	159	8	as	as	ADP
ajeer-230	159	9	27	27	NUM
ajeer-230	159	10	years	year	NOUN
ajeer-230	159	11	with	with	ADP
ajeer-230	159	12	a	a	DET
ajeer-230	159	13	standard	standard	ADJ
ajeer-230	159	14	deviation	deviation	NOUN
ajeer-230	159	15	of	of	ADP
ajeer-230	159	16	9	9	NUM
ajeer-230	159	17	years	year	NOUN
ajeer-230	159	18	,	,	PUNCT
ajeer-230	159	19	a	a	DET
ajeer-230	159	20	reflection	reflection	NOUN
ajeer-230	159	21	of	of	ADP
ajeer-230	159	22	a	a	DET
ajeer-230	159	23	young	young	ADJ
ajeer-230	159	24	industry	industry	NOUN
ajeer-230	159	25	.	.	PUNCT
ajeer-230	160	1	magali	magali	PROPN
ajeer-230	160	2	(	(	PUNCT
ajeer-230	160	3	2014	2014	NUM
ajeer-230	160	4	)	)	PUNCT
ajeer-230	160	5	posit	posit	VERB
ajeer-230	160	6	that	that	SCONJ
ajeer-230	160	7	age	age	NOUN
ajeer-230	160	8	and	and	CCONJ
ajeer-230	160	9	size	size	NOUN
ajeer-230	160	10	are	be	AUX
ajeer-230	160	11	correlated	correlate	VERB
ajeer-230	160	12	in	in	ADP
ajeer-230	160	13	the	the	DET
ajeer-230	160	14	same	same	ADJ
ajeer-230	160	15	direction	direction	NOUN
ajeer-230	160	16	and	and	CCONJ
ajeer-230	160	17	that	that	SCONJ
ajeer-230	160	18	a	a	DET
ajeer-230	160	19	rise	rise	NOUN
ajeer-230	160	20	in	in	ADP
ajeer-230	160	21	age	age	NOUN
ajeer-230	160	22	of	of	ADP
ajeer-230	160	23	a	a	DET
ajeer-230	160	24	small	small	ADJ
ajeer-230	160	25	firm	firm	NOUN
ajeer-230	160	26	has	have	VERB
ajeer-230	160	27	a	a	DET
ajeer-230	160	28	positive	positive	ADJ
ajeer-230	160	29	relation	relation	NOUN
ajeer-230	160	30	with	with	ADP
ajeer-230	160	31	efficiency	efficiency	NOUN
ajeer-230	160	32	.	.	PUNCT
ajeer-230	161	1	table-2	table-2	NUM
ajeer-230	161	2	.	.	PUNCT
ajeer-230	161	3	descriptive	descriptive	ADJ
ajeer-230	161	4	statistics	statistic	NOUN
ajeer-230	161	5	of	of	ADP
ajeer-230	161	6	predictor	predictor	NOUN
ajeer-230	161	7	variables	variable	VERB
ajeer-230	161	8	descriptive	descriptive	ADJ
ajeer-230	161	9	statistics	statistic	NOUN
ajeer-230	161	10	of	of	ADP
ajeer-230	161	11	predictor	predictor	NOUN
ajeer-230	161	12	variables	variable	NOUN
ajeer-230	161	13	variables	variable	NOUN
ajeer-230	161	14	ca	can	AUX
ajeer-230	161	15	bond	bond	NOUN
ajeer-230	161	16	npta	npta	NOUN
ajeer-230	161	17	mp	mp	PROPN
ajeer-230	161	18	w	w	PROPN
ajeer-230	161	19	ms	ms	PROPN
ajeer-230	161	20	lp	lp	PROPN
ajeer-230	161	21	age	age	NOUN
ajeer-230	161	22	-	-	PUNCT
ajeer-230	161	23	yrs	yrs	NOUN
ajeer-230	161	24	.	.	PUNCT
ajeer-230	162	1	goklb	goklb	PROPN
ajeer-230	162	2	age	age	PROPN
ajeer-230	162	3	-	-	PUNCT
ajeer-230	162	4	yrs	yrs	PROPN
ajeer-230	162	5	.	.	PUNCT
ajeer-230	163	1	mean	mean	VERB
ajeer-230	163	2	0.21	0.21	NUM
ajeer-230	163	3	5.33	5.33	NUM
ajeer-230	163	4	0.22	0.22	NUM
ajeer-230	163	5	0.02	0.02	NUM
ajeer-230	163	6	0.20	0.20	NUM
ajeer-230	163	7	21245	21245	NUM
ajeer-230	163	8	0.03	0.03	NUM
ajeer-230	163	9	27.07	27.07	NUM
ajeer-230	163	10	2.72	2.72	NUM
ajeer-230	163	11	27.07	27.07	NUM
ajeer-230	163	12	standard	standard	ADJ
ajeer-230	163	13	deviation	deviation	NOUN
ajeer-230	163	14	0.15	0.15	NUM
ajeer-230	163	15	10.78	10.78	NUM
ajeer-230	163	16	0.02	0.02	NUM
ajeer-230	163	17	0.04	0.04	NUM
ajeer-230	163	18	0.12	0.12	NUM
ajeer-230	163	19	36063	36063	NUM
ajeer-230	163	20	0.09	0.09	NUM
ajeer-230	163	21	9.30	9.30	NUM
ajeer-230	163	22	1.37	1.37	NUM
ajeer-230	163	23	9.30	9.30	NUM
ajeer-230	163	24	observations	observation	NOUN
ajeer-230	163	25	368	368	NUM
ajeer-230	163	26	368	368	NUM
ajeer-230	163	27	368	368	NUM
ajeer-230	163	28	368	368	NUM
ajeer-230	163	29	368	368	NUM
ajeer-230	163	30	368	368	NUM
ajeer-230	163	31	368	368	NUM
ajeer-230	163	32	368	368	NUM
ajeer-230	163	33	368	368	NUM
ajeer-230	163	34	368	368	NUM
ajeer-230	163	35	source	source	NOUN
ajeer-230	163	36	:	:	PUNCT
ajeer-230	163	37	research	research	NOUN
ajeer-230	163	38	(	(	PUNCT
ajeer-230	163	39	2015	2015	NUM
ajeer-230	163	40	)	)	PUNCT
ajeer-230	163	41	3.6	3.6	NUM
ajeer-230	163	42	.	.	PUNCT
ajeer-230	164	1	operationalization	operationalization	NOUN
ajeer-230	164	2	of	of	ADP
ajeer-230	164	3	the	the	DET
ajeer-230	164	4	study	study	NOUN
ajeer-230	164	5	variables	variable	VERB
ajeer-230	164	6	the	the	DET
ajeer-230	164	7	study	study	NOUN
ajeer-230	164	8	measurements	measurement	NOUN
ajeer-230	164	9	used	use	VERB
ajeer-230	164	10	to	to	PART
ajeer-230	164	11	operationalize	operationalize	VERB
ajeer-230	164	12	the	the	DET
ajeer-230	164	13	study	study	NOUN
ajeer-230	164	14	specific	specific	ADJ
ajeer-230	164	15	variables	variable	NOUN
ajeer-230	164	16	are	be	AUX
ajeer-230	164	17	as	as	ADP
ajeer-230	164	18	indicated	indicate	VERB
ajeer-230	164	19	in	in	ADP
ajeer-230	164	20	table	table	NOUN
ajeer-230	164	21	3	3	NUM
ajeer-230	164	22	.	.	PUNCT
ajeer-230	164	23	asian	asian	ADJ
ajeer-230	164	24	journal	journal	PROPN
ajeer-230	164	25	of	of	ADP
ajeer-230	164	26	economics	economic	NOUN
ajeer-230	164	27	and	and	CCONJ
ajeer-230	164	28	empirical	empirical	ADJ
ajeer-230	164	29	research	research	NOUN
ajeer-230	164	30	,	,	PUNCT
ajeer-230	164	31	2017	2017	NUM
ajeer-230	164	32	,	,	PUNCT
ajeer-230	164	33	4(2	4(2	NUM
ajeer-230	164	34	):	):	PUNCT
ajeer-230	164	35	49	49	NUM
ajeer-230	164	36	-	-	SYM
ajeer-230	164	37	60	60	NUM
ajeer-230	164	38	54	54	NUM
ajeer-230	164	39	table-3	table-3	NUM
ajeer-230	164	40	.	.	PUNCT
ajeer-230	165	1	study	study	NOUN
ajeer-230	165	2	variables	variable	NOUN
ajeer-230	165	3	study	study	VERB
ajeer-230	165	4	variable	variable	ADJ
ajeer-230	165	5	measurement	measurement	NOUN
ajeer-230	165	6	capital	capital	PROPN
ajeer-230	165	7	adequacy(ca	adequacy(ca	PROPN
ajeer-230	165	8	)	)	PUNCT
ajeer-230	165	9	core	core	NOUN
ajeer-230	165	10	capital	capital	NOUN
ajeer-230	165	11	to	to	PART
ajeer-230	165	12	total	total	ADJ
ajeer-230	165	13	assets	asset	NOUN
ajeer-230	165	14	total	total	VERB
ajeer-230	165	15	assets(ta	assets(ta	ADJ
ajeer-230	165	16	)	)	PUNCT
ajeer-230	165	17	natural	natural	ADJ
ajeer-230	165	18	log	log	NOUN
ajeer-230	165	19	of	of	ADP
ajeer-230	165	20	total	total	ADJ
ajeer-230	165	21	assets	asset	NOUN
ajeer-230	165	22	npta	npta	NOUN
ajeer-230	165	23	net	net	ADJ
ajeer-230	165	24	profit	profit	NOUN
ajeer-230	165	25	to	to	ADP
ajeer-230	165	26	total	total	ADJ
ajeer-230	165	27	assets	asset	NOUN
ajeer-230	165	28	area	area	NOUN
ajeer-230	165	29	of	of	ADP
ajeer-230	165	30	operation	operation	NOUN
ajeer-230	165	31	(	(	PUNCT
ajeer-230	165	32	ao	ao	PROPN
ajeer-230	165	33	)	)	PUNCT
ajeer-230	165	34	dummies	dummy	NOUN
ajeer-230	165	35	1	1	NUM
ajeer-230	165	36	-	-	PUNCT
ajeer-230	165	37	city	city	NOUN
ajeer-230	165	38	;	;	PUNCT
ajeer-230	165	39	0	0	NUM
ajeer-230	165	40	-urban	-urban	ADJ
ajeer-230	165	41	loan	loan	NOUN
ajeer-230	165	42	quality(lp	quality(lp	NOUN
ajeer-230	165	43	)	)	PUNCT
ajeer-230	165	44	loans	loan	NOUN
ajeer-230	165	45	provision	provision	NOUN
ajeer-230	165	46	market	market	NOUN
ajeer-230	165	47	power(mp	power(mp	NOUN
ajeer-230	165	48	)	)	PUNCT
ajeer-230	165	49	sacco	sacco	NOUN
ajeer-230	165	50	deposit	deposit	NOUN
ajeer-230	165	51	to	to	PART
ajeer-230	165	52	total	total	VERB
ajeer-230	165	53	fosa	fosa	NOUN
ajeer-230	165	54	deposits	deposit	NOUN
ajeer-230	165	55	age	age	NOUN
ajeer-230	165	56	number	number	NOUN
ajeer-230	165	57	of	of	ADP
ajeer-230	165	58	years	year	NOUN
ajeer-230	165	59	in	in	ADP
ajeer-230	165	60	operation	operation	NOUN
ajeer-230	165	61	clr	clr	NOUN
ajeer-230	165	62	compliance	compliance	NOUN
ajeer-230	165	63	with	with	ADP
ajeer-230	165	64	regulations(average	regulations(average	NOUN
ajeer-230	165	65	scores	score	NOUN
ajeer-230	165	66	)	)	PUNCT
ajeer-230	165	67	atech	atech	NOUN
ajeer-230	165	68	computerization	computerization	NOUN
ajeer-230	165	69	expenditures	expenditure	NOUN
ajeer-230	165	70	w	w	ADP
ajeer-230	165	71	fraction	fraction	NOUN
ajeer-230	165	72	of	of	ADP
ajeer-230	165	73	women	woman	NOUN
ajeer-230	165	74	on	on	ADP
ajeer-230	165	75	the	the	DET
ajeer-230	165	76	board	board	NOUN
ajeer-230	165	77	ncfm	ncfm	PROPN
ajeer-230	165	78	net	net	ADJ
ajeer-230	165	79	operating	operate	VERB
ajeer-230	165	80	cash	cash	NOUN
ajeer-230	165	81	flows	flow	NOUN
ajeer-230	165	82	to	to	ADP
ajeer-230	165	83	members	member	NOUN
ajeer-230	165	84	funds	fund	NOUN
ajeer-230	165	85	ms	ms	ADJ
ajeer-230	165	86	number	number	NOUN
ajeer-230	165	87	of	of	ADP
ajeer-230	165	88	members	member	NOUN
ajeer-230	165	89	wc	wc	PROPN
ajeer-230	165	90	current	current	ADJ
ajeer-230	165	91	assets	asset	NOUN
ajeer-230	165	92	less	less	ADJ
ajeer-230	165	93	current	current	ADJ
ajeer-230	165	94	liabilities	liability	NOUN
ajeer-230	165	95	bond	bond	NOUN
ajeer-230	165	96	size	size	NOUN
ajeer-230	165	97	of	of	ADP
ajeer-230	165	98	contributing	contribute	VERB
ajeer-230	165	99	common	common	ADJ
ajeer-230	165	100	bond	bond	NOUN
ajeer-230	165	101	employers	employer	NOUN
ajeer-230	165	102	fi	fi	VERB
ajeer-230	165	103	financial	financial	ADJ
ajeer-230	165	104	investments	investment	NOUN
ajeer-230	165	105	total	total	ADJ
ajeer-230	165	106	amount	amount	NOUN
ajeer-230	165	107	source	source	NOUN
ajeer-230	165	108	:	:	PUNCT
ajeer-230	165	109	research	research	NOUN
ajeer-230	165	110	(	(	PUNCT
ajeer-230	165	111	2015	2015	NUM
ajeer-230	165	112	)	)	PUNCT
ajeer-230	165	113	3.7	3.7	NUM
ajeer-230	165	114	.	.	PUNCT
ajeer-230	166	1	model	model	NOUN
ajeer-230	166	2	testing	testing	NOUN
ajeer-230	166	3	and	and	CCONJ
ajeer-230	166	4	random	random	ADJ
ajeer-230	166	5	effects	effect	NOUN
ajeer-230	166	6	estimation	estimation	NOUN
ajeer-230	166	7	the	the	DET
ajeer-230	166	8	study	study	NOUN
ajeer-230	166	9	test	test	NOUN
ajeer-230	166	10	carried	carry	VERB
ajeer-230	166	11	out	out	ADP
ajeer-230	166	12	to	to	PART
ajeer-230	166	13	ensure	ensure	VERB
ajeer-230	166	14	that	that	SCONJ
ajeer-230	166	15	the	the	DET
ajeer-230	166	16	data	datum	NOUN
ajeer-230	166	17	fits	fit	VERB
ajeer-230	166	18	the	the	DET
ajeer-230	166	19	linear	linear	ADJ
ajeer-230	166	20	regression	regression	NOUN
ajeer-230	166	21	assumptions	assumption	NOUN
ajeer-230	166	22	include	include	VERB
ajeer-230	166	23	:	:	PUNCT
ajeer-230	166	24	3.7.1	3.7.1	X
ajeer-230	166	25	.	.	PUNCT
ajeer-230	166	26	normality	normality	NOUN
ajeer-230	166	27	test	test	NOUN
ajeer-230	166	28	the	the	DET
ajeer-230	166	29	study	study	NOUN
ajeer-230	166	30	tested	test	VERB
ajeer-230	166	31	for	for	ADP
ajeer-230	166	32	normality	normality	NOUN
ajeer-230	166	33	using	use	VERB
ajeer-230	166	34	shapiro	shapiro	PROPN
ajeer-230	166	35	-	-	PUNCT
ajeer-230	166	36	francia	francia	PROPN
ajeer-230	166	37	w	w	PROPN
ajeer-230	166	38	test	test	NOUN
ajeer-230	166	39	as	as	SCONJ
ajeer-230	166	40	the	the	DET
ajeer-230	166	41	observations	observation	NOUN
ajeer-230	166	42	were	be	AUX
ajeer-230	166	43	less	less	ADJ
ajeer-230	166	44	than	than	ADP
ajeer-230	166	45	5000	5000	NUM
ajeer-230	166	46	and	and	CCONJ
ajeer-230	166	47	greater	great	ADJ
ajeer-230	166	48	than	than	ADP
ajeer-230	166	49	10	10	NUM
ajeer-230	166	50	under	under	ADP
ajeer-230	166	51	log	log	NOUN
ajeer-230	166	52	normality	normality	NOUN
ajeer-230	166	53	condition	condition	NOUN
ajeer-230	166	54	(	(	PUNCT
ajeer-230	166	55	stata	stata	NOUN
ajeer-230	166	56	,	,	PUNCT
ajeer-230	166	57	2015	2015	NUM
ajeer-230	166	58	)	)	PUNCT
ajeer-230	166	59	.	.	PUNCT
ajeer-230	167	1	the	the	DET
ajeer-230	167	2	result	result	NOUN
ajeer-230	167	3	obtained	obtain	VERB
ajeer-230	167	4	is	be	AUX
ajeer-230	167	5	as	as	SCONJ
ajeer-230	167	6	shown	show	VERB
ajeer-230	167	7	in	in	ADP
ajeer-230	167	8	table	table	NOUN
ajeer-230	167	9	4	4	NUM
ajeer-230	167	10	which	which	PRON
ajeer-230	167	11	indicates	indicate	VERB
ajeer-230	167	12	that	that	SCONJ
ajeer-230	167	13	only	only	ADV
ajeer-230	167	14	two	two	NUM
ajeer-230	167	15	variables	variable	NOUN
ajeer-230	167	16	reflected	reflect	VERB
ajeer-230	167	17	p	p	NOUN
ajeer-230	167	18	-	-	PUNCT
ajeer-230	167	19	values	value	NOUN
ajeer-230	167	20	greater	great	ADJ
ajeer-230	167	21	than	than	ADP
ajeer-230	167	22	0.05	0.05	NUM
ajeer-230	167	23	thus	thus	ADV
ajeer-230	167	24	a	a	DET
ajeer-230	167	25	possibility	possibility	NOUN
ajeer-230	167	26	of	of	ADP
ajeer-230	167	27	heteroscedasticity	heteroscedasticity	NOUN
ajeer-230	167	28	.	.	PUNCT
ajeer-230	168	1	the	the	DET
ajeer-230	168	2	data	datum	NOUN
ajeer-230	168	3	used	use	VERB
ajeer-230	168	4	also	also	ADV
ajeer-230	168	5	underwent	undergo	VERB
ajeer-230	168	6	natural	natural	ADJ
ajeer-230	168	7	logarithm	logarithm	NOUN
ajeer-230	168	8	transformation	transformation	NOUN
ajeer-230	168	9	.	.	PUNCT
ajeer-230	169	1	table-4	table-4	X
ajeer-230	169	2	.	.	PUNCT
ajeer-230	169	3	testing	testing	NOUN
ajeer-230	169	4	study	study	NOUN
ajeer-230	169	5	variables	variable	NOUN
ajeer-230	169	6	for	for	ADP
ajeer-230	169	7	normality	normality	NOUN
ajeer-230	169	8	shapiro	shapiro	PROPN
ajeer-230	169	9	-	-	PUNCT
ajeer-230	169	10	francia	francia	PROPN
ajeer-230	169	11	w	w	PROPN
ajeer-230	169	12	test	test	NOUN
ajeer-230	169	13	for	for	ADP
ajeer-230	169	14	normal	normal	ADJ
ajeer-230	169	15	data	datum	NOUN
ajeer-230	169	16	variable	variable	ADJ
ajeer-230	169	17	w	w	PROPN
ajeer-230	169	18	’	'	PUNCT
ajeer-230	169	19	v	v	ADJ
ajeer-230	169	20	’	'	PUNCT
ajeer-230	169	21	z	z	NOUN
ajeer-230	169	22	prob	prob	NOUN
ajeer-230	169	23	.	.	PUNCT
ajeer-230	170	1	>	>	X
ajeer-230	170	2	z	z	NOUN
ajeer-230	170	3	age	age	NOUN
ajeer-230	170	4	0.89443	0.89443	NUM
ajeer-230	170	5	29.112	29.112	NUM
ajeer-230	170	6	7.251	7.251	NUM
ajeer-230	170	7	0.00001	0.00001	NUM
ajeer-230	170	8	ca	ca	NOUN
ajeer-230	170	9	0.99163	0.99163	NUM
ajeer-230	170	10	2.307	2.307	NUM
ajeer-230	170	11	1.798	1.798	NUM
ajeer-230	170	12	0.03608	0.03608	NUM
ajeer-230	170	13	ta	ta	ADP
ajeer-230	170	14	0.98818	0.98818	NUM
ajeer-230	170	15	3.259	3.259	NUM
ajeer-230	170	16	2.541	2.541	NUM
ajeer-230	170	17	0.00553	0.00553	NUM
ajeer-230	170	18	npta	npta	NOUN
ajeer-230	170	19	0.84112	0.84112	NUM
ajeer-230	170	20	43.814	43.814	NUM
ajeer-230	170	21	8.13	8.13	NUM
ajeer-230	170	22	0.00001	0.00001	NUM
ajeer-230	170	23	ao	ao	NOUN
ajeer-230	170	24	1	1	NUM
ajeer-230	170	25	0	0	NUM
ajeer-230	170	26	-58.997	-58.997	SYM
ajeer-230	170	27	1	1	NUM
ajeer-230	170	28	lp	lp	PROPN
ajeer-230	170	29	0.74358	0.74358	NUM
ajeer-230	170	30	70.711	70.711	NUM
ajeer-230	170	31	9.16	9.16	NUM
ajeer-230	170	32	0.00001	0.00001	NUM
ajeer-230	170	33	mp	mp	NOUN
ajeer-230	170	34	0.93325	0.93325	NUM
ajeer-230	170	35	18.406	18.406	NUM
ajeer-230	170	36	6.265	6.265	NUM
ajeer-230	170	37	0.00001	0.00001	NUM
ajeer-230	170	38	clr	clr	VERB
ajeer-230	170	39	0.70719	0.70719	NUM
ajeer-230	170	40	80.744	80.744	NUM
ajeer-230	170	41	9.445	9.445	NUM
ajeer-230	170	42	0.00001	0.00001	NUM
ajeer-230	170	43	atech	atech	NOUN
ajeer-230	170	44	0.68281	0.68281	NUM
ajeer-230	170	45	87.468	87.468	NUM
ajeer-230	170	46	9.617	9.617	NUM
ajeer-230	170	47	0.00001	0.00001	NUM
ajeer-230	170	48	w	w	NUM
ajeer-230	170	49	0.98012	0.98012	NUM
ajeer-230	170	50	5.482	5.482	NUM
ajeer-230	170	51	3.66	3.66	NUM
ajeer-230	170	52	0.00013	0.00013	NUM
ajeer-230	170	53	ncfma	ncfma	NOUN
ajeer-230	170	54	0.34704	0.34704	NUM
ajeer-230	170	55	180.06	180.06	NUM
ajeer-230	170	56	11.171	11.171	NUM
ajeer-230	170	57	0.00001	0.00001	NUM
ajeer-230	170	58	ms	ms	NOUN
ajeer-230	170	59	0.99448	0.99448	NUM
ajeer-230	170	60	1.522	1.522	NUM
ajeer-230	170	61	0.904	0.904	NUM
ajeer-230	170	62	0.1831	0.1831	NUM
ajeer-230	170	63	cpi	cpi	NOUN
ajeer-230	170	64	0.95686	0.95686	NUM
ajeer-230	170	65	11.896	11.896	NUM
ajeer-230	170	66	5.326	5.326	NUM
ajeer-230	170	67	0.00001	0.00001	NUM
ajeer-230	170	68	gdp	gdp	NOUN
ajeer-230	170	69	0.61534	0.61534	NUM
ajeer-230	170	70	106.072	106.072	NUM
ajeer-230	170	71	10.032	10.032	NUM
ajeer-230	170	72	0.00001	0.00001	NUM
ajeer-230	170	73	goklb	goklb	VERB
ajeer-230	170	74	0.62312	0.62312	NUM
ajeer-230	170	75	103.927	103.927	NUM
ajeer-230	170	76	9.988	9.988	NUM
ajeer-230	170	77	0.00001	0.00001	NUM
ajeer-230	170	78	insp	insp	PROPN
ajeer-230	170	79	0.90277	0.90277	NUM
ajeer-230	170	80	26.813	26.813	NUM
ajeer-230	170	81	7.074	7.074	NUM
ajeer-230	170	82	0.00001	0.00001	NUM
ajeer-230	170	83	flib	flib	NOUN
ajeer-230	170	84	0.53518	0.53518	NUM
ajeer-230	170	85	128.178	128.178	NUM
ajeer-230	170	86	10.439	10.439	NUM
ajeer-230	170	87	0.00001	0.00001	NUM
ajeer-230	170	88	wc	wc	PROPN
ajeer-230	170	89	0.13271	0.13271	NUM
ajeer-230	170	90	239.162	239.162	NUM
ajeer-230	170	91	11.781	11.781	NUM
ajeer-230	170	92	0.00001	0.00001	NUM
ajeer-230	170	93	bond	bond	NOUN
ajeer-230	170	94	0.92325	0.92325	NUM
ajeer-230	170	95	21.164	21.164	NUM
ajeer-230	170	96	6.565	6.565	NUM
ajeer-230	170	97	0.00001	0.00001	NUM
ajeer-230	170	98	fi	fi	NOUN
ajeer-230	170	99	0.80534	0.80534	NUM
ajeer-230	170	100	53.678	53.678	NUM
ajeer-230	170	101	8.567	8.567	NUM
ajeer-230	170	102	0.00001	0.00001	NUM
ajeer-230	170	103	source	source	NOUN
ajeer-230	170	104	:	:	PUNCT
ajeer-230	170	105	research	research	NOUN
ajeer-230	170	106	(	(	PUNCT
ajeer-230	170	107	2015	2015	NUM
ajeer-230	170	108	)	)	PUNCT
ajeer-230	170	109	3.7.2	3.7.2	NUM
ajeer-230	170	110	.	.	PUNCT
ajeer-230	171	1	multicollinearity	multicollinearity	NOUN
ajeer-230	171	2	test	test	NOUN
ajeer-230	171	3	the	the	DET
ajeer-230	171	4	possibility	possibility	NOUN
ajeer-230	171	5	of	of	ADP
ajeer-230	171	6	strong	strong	ADJ
ajeer-230	171	7	relationship	relationship	NOUN
ajeer-230	171	8	between	between	ADP
ajeer-230	171	9	predictor	predictor	NOUN
ajeer-230	171	10	variables	variable	NOUN
ajeer-230	171	11	was	be	AUX
ajeer-230	171	12	checked	check	VERB
ajeer-230	171	13	using	use	VERB
ajeer-230	171	14	the	the	DET
ajeer-230	171	15	correlation	correlation	NOUN
ajeer-230	171	16	coefficientspearman	coefficientspearman	NOUN
ajeer-230	171	17	rho	rho	PROPN
ajeer-230	171	18	as	as	SCONJ
ajeer-230	171	19	shown	show	VERB
ajeer-230	171	20	in	in	ADP
ajeer-230	171	21	the	the	DET
ajeer-230	171	22	table	table	NOUN
ajeer-230	171	23	ap.1	ap.1	ADV
ajeer-230	171	24	in	in	ADP
ajeer-230	171	25	the	the	DET
ajeer-230	171	26	appendix	appendix	NOUN
ajeer-230	171	27	.	.	PUNCT
ajeer-230	172	1	the	the	DET
ajeer-230	172	2	result	result	NOUN
ajeer-230	172	3	indicates	indicate	VERB
ajeer-230	172	4	a	a	DET
ajeer-230	172	5	few	few	ADJ
ajeer-230	172	6	scores	score	NOUN
ajeer-230	172	7	of	of	ADP
ajeer-230	172	8	higher	high	ADJ
ajeer-230	172	9	than	than	ADP
ajeer-230	172	10	or	or	CCONJ
ajeer-230	172	11	equal	equal	ADJ
ajeer-230	172	12	to	to	ADP
ajeer-230	172	13	0.8	0.8	NUM
ajeer-230	172	14	,	,	PUNCT
ajeer-230	172	15	thus	thus	ADV
ajeer-230	172	16	reflecting	reflect	VERB
ajeer-230	172	17	lack	lack	NOUN
ajeer-230	172	18	of	of	ADP
ajeer-230	172	19	serious	serious	ADJ
ajeer-230	172	20	multicollinearity	multicollinearity	NOUN
ajeer-230	172	21	among	among	ADP
ajeer-230	172	22	variables	variable	NOUN
ajeer-230	172	23	.	.	PUNCT
ajeer-230	173	1	thus	thus	ADV
ajeer-230	173	2	coefficients	coefficient	NOUN
ajeer-230	173	3	computed	compute	VERB
ajeer-230	173	4	were	be	AUX
ajeer-230	173	5	considered	consider	VERB
ajeer-230	173	6	reliable	reliable	ADJ
ajeer-230	173	7	.	.	PUNCT
ajeer-230	174	1	a	a	DET
ajeer-230	174	2	second	second	ADJ
ajeer-230	174	3	non	non	ADJ
ajeer-230	174	4	observational	observational	ADJ
ajeer-230	174	5	method	method	NOUN
ajeer-230	174	6	was	be	AUX
ajeer-230	174	7	utilized	utilize	VERB
ajeer-230	174	8	in	in	ADP
ajeer-230	174	9	testing	testing	NOUN
ajeer-230	174	10	for	for	ADP
ajeer-230	174	11	multicollinearity	multicollinearity	NOUN
ajeer-230	174	12	that	that	PRON
ajeer-230	174	13	is	be	AUX
ajeer-230	174	14	,	,	PUNCT
ajeer-230	174	15	variation	variation	NOUN
ajeer-230	174	16	inflation	inflation	NOUN
ajeer-230	174	17	factor	factor	NOUN
ajeer-230	174	18	and	and	CCONJ
ajeer-230	174	19	the	the	DET
ajeer-230	174	20	result	result	NOUN
ajeer-230	174	21	for	for	ADP
ajeer-230	174	22	each	each	DET
ajeer-230	174	23	dependent	dependent	ADJ
ajeer-230	174	24	variable	variable	NOUN
ajeer-230	174	25	is	be	AUX
ajeer-230	174	26	as	as	SCONJ
ajeer-230	174	27	indicated	indicate	VERB
ajeer-230	174	28	in	in	ADP
ajeer-230	174	29	table	table	NOUN
ajeer-230	174	30	5	5	NUM
ajeer-230	174	31	.	.	PUNCT
ajeer-230	175	1	this	this	DET
ajeer-230	175	2	result	result	NOUN
ajeer-230	175	3	indicates	indicate	VERB
ajeer-230	175	4	nocf	nocf	PROPN
ajeer-230	175	5	slack	slack	PROPN
ajeer-230	175	6	regressed	regress	VERB
ajeer-230	175	7	against	against	ADP
ajeer-230	175	8	all	all	DET
ajeer-230	175	9	independent	independent	ADJ
ajeer-230	175	10	variables	variable	NOUN
ajeer-230	175	11	confirm	confirm	VERB
ajeer-230	175	12	lack	lack	NOUN
ajeer-230	175	13	of	of	ADP
ajeer-230	175	14	serious	serious	ADJ
ajeer-230	175	15	multicollinearity	multicollinearity	NOUN
ajeer-230	175	16	possibility	possibility	NOUN
ajeer-230	175	17	.	.	PUNCT
ajeer-230	176	1	studies	study	NOUN
ajeer-230	176	2	have	have	AUX
ajeer-230	176	3	also	also	ADV
ajeer-230	176	4	indicated	indicate	VERB
ajeer-230	176	5	that	that	SCONJ
ajeer-230	176	6	a	a	DET
ajeer-230	176	7	vif	vif	NOUN
ajeer-230	176	8	above	above	ADP
ajeer-230	176	9	20	20	NUM
ajeer-230	176	10	is	be	AUX
ajeer-230	176	11	the	the	DET
ajeer-230	176	12	one	one	NOUN
ajeer-230	176	13	that	that	PRON
ajeer-230	176	14	should	should	AUX
ajeer-230	176	15	be	be	AUX
ajeer-230	176	16	categorized	categorize	VERB
ajeer-230	176	17	as	as	ADP
ajeer-230	176	18	challenging	challenging	ADJ
ajeer-230	176	19	(	(	PUNCT
ajeer-230	176	20	greene	greene	PROPN
ajeer-230	176	21	,	,	PUNCT
ajeer-230	176	22	2012	2012	NUM
ajeer-230	176	23	)	)	PUNCT
ajeer-230	176	24	.	.	PUNCT
ajeer-230	177	1	goklb	goklb	VERB
ajeer-230	177	2	and	and	CCONJ
ajeer-230	177	3	clr	clr	VERB
ajeer-230	177	4	being	be	AUX
ajeer-230	177	5	above	above	ADP
ajeer-230	177	6	20	20	NUM
ajeer-230	177	7	are	be	AUX
ajeer-230	177	8	the	the	DET
ajeer-230	177	9	only	only	ADV
ajeer-230	177	10	two	two	NUM
ajeer-230	177	11	challenging	challenging	ADJ
ajeer-230	177	12	,	,	PUNCT
ajeer-230	177	13	thus	thus	ADV
ajeer-230	177	14	ignored	ignore	VERB
ajeer-230	177	15	.	.	PUNCT
ajeer-230	178	1	also	also	ADV
ajeer-230	178	2	a	a	DET
ajeer-230	178	3	mean	mean	ADJ
ajeer-230	178	4	vif	vif	NOUN
ajeer-230	178	5	of	of	ADP
ajeer-230	178	6	around	around	ADP
ajeer-230	178	7	4	4	NUM
ajeer-230	178	8	is	be	AUX
ajeer-230	178	9	not	not	PART
ajeer-230	178	10	problematic	problematic	ADJ
ajeer-230	178	11	(	(	PUNCT
ajeer-230	178	12	stata	stata	NOUN
ajeer-230	178	13	,	,	PUNCT
ajeer-230	178	14	2015	2015	NUM
ajeer-230	178	15	)	)	PUNCT
ajeer-230	178	16	.	.	PUNCT
ajeer-230	179	1	asian	asian	ADJ
ajeer-230	179	2	journal	journal	PROPN
ajeer-230	179	3	of	of	ADP
ajeer-230	179	4	economics	economic	NOUN
ajeer-230	179	5	and	and	CCONJ
ajeer-230	179	6	empirical	empirical	ADJ
ajeer-230	179	7	research	research	NOUN
ajeer-230	179	8	,	,	PUNCT
ajeer-230	179	9	2017	2017	NUM
ajeer-230	179	10	,	,	PUNCT
ajeer-230	179	11	4(2	4(2	NUM
ajeer-230	179	12	):	):	PUNCT
ajeer-230	179	13	49	49	NUM
ajeer-230	179	14	-	-	SYM
ajeer-230	179	15	60	60	NUM
ajeer-230	179	16	55	55	NUM
ajeer-230	179	17	table-5	table-5	PROPN
ajeer-230	179	18	.	.	PUNCT
ajeer-230	180	1	dependent	dependent	ADJ
ajeer-230	180	2	variable	variable	ADJ
ajeer-230	180	3	-	-	PUNCT
ajeer-230	180	4	nocf	nocf	NOUN
ajeer-230	180	5	slack	slack	NOUN
ajeer-230	180	6	and	and	CCONJ
ajeer-230	180	7	all	all	DET
ajeer-230	180	8	covariates	covariate	NOUN
ajeer-230	180	9	vif	vif	PROPN
ajeer-230	180	10	results	result	NOUN
ajeer-230	180	11	covariates	covariate	VERB
ajeer-230	180	12	variation	variation	NOUN
ajeer-230	180	13	inflation	inflation	NOUN
ajeer-230	180	14	factor(vif	factor(vif	NOUN
ajeer-230	180	15	)	)	PUNCT
ajeer-230	181	1	goklb	goklb	VERB
ajeer-230	181	2	42.58	42.58	NUM
ajeer-230	181	3	clr	clr	NOUN
ajeer-230	181	4	25.17	25.17	NUM
ajeer-230	181	5	ta	ta	ADP
ajeer-230	181	6	9.97	9.97	NUM
ajeer-230	181	7	mp	mp	PROPN
ajeer-230	181	8	10.59	10.59	NUM
ajeer-230	181	9	gdp	gdp	NOUN
ajeer-230	181	10	5.79	5.79	NUM
ajeer-230	181	11	cpi	cpi	NOUN
ajeer-230	181	12	6.07	6.07	NUM
ajeer-230	181	13	age	age	NOUN
ajeer-230	181	14	5.08	5.08	NUM
ajeer-230	181	15	flib	flib	NOUN
ajeer-230	181	16	5.38	5.38	NUM
ajeer-230	181	17	ao	ao	NOUN
ajeer-230	181	18	2.49	2.49	NUM
ajeer-230	181	19	w	w	PROPN
ajeer-230	181	20	2.04	2.04	NUM
ajeer-230	181	21	insp	insp	NOUN
ajeer-230	181	22	3.85	3.85	NUM
ajeer-230	181	23	ms	ms	NOUN
ajeer-230	181	24	2.64	2.64	NUM
ajeer-230	181	25	ca	ca	NUM
ajeer-230	181	26	3.88	3.88	NUM
ajeer-230	181	27	fi	fi	NOUN
ajeer-230	181	28	4.09	4.09	NUM
ajeer-230	181	29	ncfma	ncfma	NOUN
ajeer-230	181	30	1.46	1.46	NUM
ajeer-230	181	31	lp	lp	NOUN
ajeer-230	181	32	1.79	1.79	NUM
ajeer-230	181	33	bond	bond	NOUN
ajeer-230	181	34	1.54	1.54	NUM
ajeer-230	181	35	npta	npta	NOUN
ajeer-230	181	36	1.69	1.69	NUM
ajeer-230	181	37	atech	atech	NOUN
ajeer-230	181	38	1.63	1.63	NUM
ajeer-230	181	39	wc	wc	PROPN
ajeer-230	181	40	1.42	1.42	NUM
ajeer-230	181	41	mean	mean	NOUN
ajeer-230	181	42	vif	vif	PROPN
ajeer-230	181	43	6.96	6.96	NUM
ajeer-230	181	44	source	source	NOUN
ajeer-230	181	45	:	:	PUNCT
ajeer-230	181	46	research	research	NOUN
ajeer-230	181	47	(	(	PUNCT
ajeer-230	181	48	2015	2015	NUM
ajeer-230	181	49	)	)	PUNCT
ajeer-230	181	50	3.7.3	3.7.3	NUM
ajeer-230	181	51	.	.	PUNCT
ajeer-230	182	1	random	random	ADJ
ajeer-230	182	2	effects	effect	NOUN
ajeer-230	182	3	estimation	estimation	VERB
ajeer-230	182	4	the	the	DET
ajeer-230	182	5	hausman	hausman	PROPN
ajeer-230	182	6	-	-	PUNCT
ajeer-230	182	7	taylor	taylor	PROPN
ajeer-230	182	8	estimator	estimator	NOUN
ajeer-230	182	9	method	method	NOUN
ajeer-230	182	10	was	be	AUX
ajeer-230	182	11	used	use	VERB
ajeer-230	182	12	to	to	PART
ajeer-230	182	13	confirm	confirm	VERB
ajeer-230	182	14	that	that	SCONJ
ajeer-230	182	15	none	none	NOUN
ajeer-230	182	16	of	of	ADP
ajeer-230	182	17	the	the	DET
ajeer-230	182	18	covariates	covariate	NOUN
ajeer-230	182	19	of	of	ADP
ajeer-230	182	20	the	the	DET
ajeer-230	182	21	panel	panel	NOUN
ajeer-230	182	22	-	-	PUNCT
ajeer-230	182	23	level	level	NOUN
ajeer-230	182	24	models	model	NOUN
ajeer-230	182	25	are	be	AUX
ajeer-230	182	26	correlated	correlate	VERB
ajeer-230	182	27	with	with	ADP
ajeer-230	182	28	unobserved	unobserved	ADJ
ajeer-230	182	29	panel	panel	NOUN
ajeer-230	182	30	-	-	PUNCT
ajeer-230	182	31	level	level	NOUN
ajeer-230	182	32	random	random	ADJ
ajeer-230	182	33	effects	effect	NOUN
ajeer-230	182	34	(	(	PUNCT
ajeer-230	182	35	urjt	urjt	NOUN
ajeer-230	182	36	)	)	PUNCT
ajeer-230	182	37	,	,	PUNCT
ajeer-230	182	38	although	although	SCONJ
ajeer-230	182	39	some	some	PRON
ajeer-230	182	40	of	of	ADP
ajeer-230	182	41	the	the	DET
ajeer-230	182	42	covariates	covariate	NOUN
ajeer-230	182	43	may	may	AUX
ajeer-230	182	44	be	be	AUX
ajeer-230	182	45	associated	associate	VERB
ajeer-230	182	46	with	with	ADP
ajeer-230	182	47	the	the	DET
ajeer-230	182	48	unobserved	unobserved	ADJ
ajeer-230	182	49	individual	individual	ADJ
ajeer-230	182	50	-	-	PUNCT
ajeer-230	182	51	level	level	NOUN
ajeer-230	182	52	random	random	ADJ
ajeer-230	182	53	effect	effect	NOUN
ajeer-230	182	54	.	.	PUNCT
ajeer-230	183	1	the	the	DET
ajeer-230	183	2	result	result	NOUN
ajeer-230	183	3	of	of	ADP
ajeer-230	183	4	the	the	DET
ajeer-230	183	5	estimation	estimation	NOUN
ajeer-230	183	6	summary	summary	NOUN
ajeer-230	183	7	is	be	AUX
ajeer-230	183	8	as	as	SCONJ
ajeer-230	183	9	indicated	indicate	VERB
ajeer-230	183	10	in	in	ADP
ajeer-230	183	11	table	table	NOUN
ajeer-230	183	12	6	6	NUM
ajeer-230	183	13	.	.	PUNCT
ajeer-230	184	1	the	the	DET
ajeer-230	184	2	result	result	NOUN
ajeer-230	184	3	indicates	indicate	VERB
ajeer-230	184	4	that	that	SCONJ
ajeer-230	184	5	the	the	DET
ajeer-230	184	6	unobserved	unobserved	ADJ
ajeer-230	184	7	random	random	ADJ
ajeer-230	184	8	effect	effect	NOUN
ajeer-230	184	9	δµ	δµ	ADP
ajeer-230	184	10	=	=	NOUN
ajeer-230	184	11	2.5589	2.5589	NUM
ajeer-230	184	12	greater	great	ADJ
ajeer-230	184	13	than	than	ADP
ajeer-230	184	14	δerror	δerror	NOUN
ajeer-230	184	15	=	=	SYM
ajeer-230	184	16	.63966	.63966	PROPN
ajeer-230	184	17	,	,	PUNCT
ajeer-230	184	18	suggesting	suggest	VERB
ajeer-230	184	19	that	that	SCONJ
ajeer-230	184	20	large	large	ADJ
ajeer-230	184	21	portion	portion	NOUN
ajeer-230	184	22	total	total	NOUN
ajeer-230	184	23	error	error	NOUN
ajeer-230	184	24	variance	variance	NOUN
ajeer-230	184	25	is	be	AUX
ajeer-230	184	26	as	as	ADP
ajeer-230	184	27	a	a	DET
ajeer-230	184	28	result	result	NOUN
ajeer-230	184	29	of	of	ADP
ajeer-230	184	30	urjt	urjt	NOUN
ajeer-230	184	31	,	,	PUNCT
ajeer-230	184	32	idiosyncratic	idiosyncratic	ADJ
ajeer-230	184	33	error	error	NOUN
ajeer-230	184	34	.	.	PUNCT
ajeer-230	185	1	therefore	therefore	ADV
ajeer-230	185	2	,	,	PUNCT
ajeer-230	185	3	the	the	DET
ajeer-230	185	4	fixed	fix	VERB
ajeer-230	185	5	effects	effect	NOUN
ajeer-230	185	6	model	model	NOUN
ajeer-230	185	7	and	and	CCONJ
ajeer-230	185	8	random	random	ADJ
ajeer-230	185	9	effects	effect	NOUN
ajeer-230	185	10	model	model	NOUN
ajeer-230	185	11	in	in	ADP
ajeer-230	185	12	the	the	DET
ajeer-230	185	13	panel	panel	NOUN
ajeer-230	185	14	data	datum	NOUN
ajeer-230	185	15	are	be	AUX
ajeer-230	185	16	different(h1)and	different(h1)and	NOUN
ajeer-230	185	17	random	random	ADJ
ajeer-230	185	18	effects	effect	NOUN
ajeer-230	185	19	model	model	NOUN
ajeer-230	185	20	is	be	AUX
ajeer-230	185	21	preferred	prefer	VERB
ajeer-230	185	22	(	(	PUNCT
ajeer-230	185	23	that	that	ADV
ajeer-230	185	24	is	is	ADV
ajeer-230	185	25	,	,	PUNCT
ajeer-230	185	26	reject	reject	PROPN
ajeer-230	185	27	h0	h0	PROPN
ajeer-230	185	28	)	)	PUNCT
ajeer-230	185	29	.	.	PUNCT
ajeer-230	186	1	meaning	mean	VERB
ajeer-230	186	2	the	the	DET
ajeer-230	186	3	ordinary	ordinary	ADJ
ajeer-230	186	4	least	least	ADJ
ajeer-230	186	5	squares	square	NOUN
ajeer-230	186	6	(	(	PUNCT
ajeer-230	186	7	ols	ol	NOUN
ajeer-230	186	8	)	)	PUNCT
ajeer-230	186	9	would	would	AUX
ajeer-230	186	10	give	give	VERB
ajeer-230	186	11	inconsistent	inconsistent	ADJ
ajeer-230	186	12	result	result	NOUN
ajeer-230	186	13	(	(	PUNCT
ajeer-230	186	14	stata	stata	NOUN
ajeer-230	186	15	,	,	PUNCT
ajeer-230	186	16	2015	2015	NUM
ajeer-230	186	17	)	)	PUNCT
ajeer-230	186	18	.	.	PUNCT
ajeer-230	187	1	table-6	table-6	PROPN
ajeer-230	187	2	.	.	PROPN
ajeer-230	187	3	hausmann	hausmann	PROPN
ajeer-230	187	4	taylor	taylor	PROPN
ajeer-230	187	5	estimation	estimation	PROPN
ajeer-230	187	6	–	–	PUNCT
ajeer-230	187	7	slack	slack	VERB
ajeer-230	187	8	nocf	nocf	NOUN
ajeer-230	187	9	and	and	CCONJ
ajeer-230	187	10	covariates	covariate	VERB
ajeer-230	187	11	summary	summary	NOUN
ajeer-230	187	12	of	of	ADP
ajeer-230	187	13	items	item	NOUN
ajeer-230	187	14	result	result	VERB
ajeer-230	187	15	number	number	NOUN
ajeer-230	187	16	of	of	ADP
ajeer-230	187	17	observations	observation	NOUN
ajeer-230	187	18	88	88	NUM
ajeer-230	187	19	number	number	NOUN
ajeer-230	187	20	of	of	ADP
ajeer-230	187	21	groups	group	NOUN
ajeer-230	187	22	36	36	NUM
ajeer-230	187	23	random	random	ADJ
ajeer-230	187	24	effect	effect	NOUN
ajeer-230	187	25	urjt	urjt	NOUN
ajeer-230	187	26	ἱἱd	ἱἱd	X
ajeer-230	187	27	wald	wald	PROPN
ajeer-230	187	28	chi	chi	PROPN
ajeer-230	187	29	sq.(20	sq.(20	PROPN
ajeer-230	187	30	)	)	PUNCT
ajeer-230	187	31	38.34	38.34	NUM
ajeer-230	187	32	prob	prob	NOUN
ajeer-230	187	33	.	.	PUNCT
ajeer-230	187	34	>	>	X
ajeer-230	188	1	chi	chi	PROPN
ajeer-230	188	2	sq	sq	PROPN
ajeer-230	188	3	0.0081	0.0081	NUM
ajeer-230	188	4	sigma	sigma	PROPN
ajeer-230	188	5	urjt	urjt	VERB
ajeer-230	188	6	2.5589	2.5589	NUM
ajeer-230	188	7	sigma	sigma	NOUN
ajeer-230	188	8	error(vrjt	error(vrjt	NOUN
ajeer-230	188	9	)	)	PUNCT
ajeer-230	188	10	0.63966	0.63966	NUM
ajeer-230	188	11	rho	rho	ADJ
ajeer-230	188	12	0.9419(fraction	0.9419(fraction	NOUN
ajeer-230	188	13	of	of	ADP
ajeer-230	188	14	value	value	NOUN
ajeer-230	188	15	due	due	ADP
ajeer-230	188	16	to	to	ADP
ajeer-230	188	17	urjt	urjt	NOUN
ajeer-230	188	18	)	)	PUNCT
ajeer-230	188	19	source	source	NOUN
ajeer-230	188	20	:	:	PUNCT
ajeer-230	188	21	research	research	NOUN
ajeer-230	188	22	(	(	PUNCT
ajeer-230	188	23	2015	2015	NUM
ajeer-230	188	24	)	)	PUNCT
ajeer-230	188	25	.	.	PUNCT
ajeer-230	189	1	4	4	X
ajeer-230	189	2	.	.	X
ajeer-230	189	3	spearman	spearman	NOUN
ajeer-230	189	4	correlation	correlation	NOUN
ajeer-230	189	5	and	and	CCONJ
ajeer-230	189	6	other	other	ADJ
ajeer-230	189	7	key	key	ADJ
ajeer-230	189	8	findings	finding	NOUN
ajeer-230	189	9	the	the	DET
ajeer-230	189	10	results	result	NOUN
ajeer-230	189	11	of	of	ADP
ajeer-230	189	12	the	the	DET
ajeer-230	189	13	correlation	correlation	NOUN
ajeer-230	189	14	in	in	ADP
ajeer-230	189	15	ap.i	ap.i	NOUN
ajeer-230	189	16	indicate	indicate	VERB
ajeer-230	189	17	that	that	SCONJ
ajeer-230	189	18	the	the	DET
ajeer-230	189	19	working	work	VERB
ajeer-230	189	20	capital	capital	NOUN
ajeer-230	189	21	or	or	CCONJ
ajeer-230	189	22	insolvency	insolvency	NOUN
ajeer-230	189	23	measure	measure	NOUN
ajeer-230	189	24	had	have	VERB
ajeer-230	189	25	weak	weak	ADJ
ajeer-230	189	26	negative	negative	ADJ
ajeer-230	189	27	correlation	correlation	NOUN
ajeer-230	189	28	of	of	ADP
ajeer-230	189	29	-0.2739	-0.2739	PROPN
ajeer-230	189	30	with	with	ADP
ajeer-230	189	31	nocf	nocf	PROPN
ajeer-230	189	32	slack	slack	PROPN
ajeer-230	189	33	while	while	SCONJ
ajeer-230	189	34	women	woman	NOUN
ajeer-230	189	35	on	on	ADP
ajeer-230	189	36	the	the	DET
ajeer-230	189	37	board	board	NOUN
ajeer-230	189	38	at	at	ADP
ajeer-230	189	39	+	+	NOUN
ajeer-230	189	40	0.562	0.562	NUM
ajeer-230	189	41	.	.	PUNCT
ajeer-230	190	1	this	this	DET
ajeer-230	190	2	correlation	correlation	NOUN
ajeer-230	190	3	is	be	AUX
ajeer-230	190	4	not	not	PART
ajeer-230	190	5	in	in	ADP
ajeer-230	190	6	compliance	compliance	NOUN
ajeer-230	190	7	to	to	ADP
ajeer-230	190	8	a	a	DET
ajeer-230	190	9	prior	prior	ADJ
ajeer-230	190	10	study	study	NOUN
ajeer-230	190	11	which	which	PRON
ajeer-230	190	12	postulate	postulate	VERB
ajeer-230	190	13	that	that	SCONJ
ajeer-230	190	14	higher	high	ADJ
ajeer-230	190	15	number	number	NOUN
ajeer-230	190	16	of	of	ADP
ajeer-230	190	17	women	woman	NOUN
ajeer-230	190	18	on	on	ADP
ajeer-230	190	19	the	the	DET
ajeer-230	190	20	board	board	NOUN
ajeer-230	190	21	decreases	decrease	VERB
ajeer-230	190	22	inefficiency	inefficiency	NOUN
ajeer-230	190	23	depending	depend	VERB
ajeer-230	190	24	on	on	ADP
ajeer-230	190	25	the	the	DET
ajeer-230	190	26	type	type	NOUN
ajeer-230	190	27	of	of	ADP
ajeer-230	190	28	industry	industry	NOUN
ajeer-230	190	29	(	(	PUNCT
ajeer-230	190	30	ferreira	ferreira	PROPN
ajeer-230	190	31	and	and	CCONJ
ajeer-230	190	32	adams	adams	PROPN
ajeer-230	190	33	,	,	PUNCT
ajeer-230	190	34	2009	2009	NUM
ajeer-230	190	35	)	)	PUNCT
ajeer-230	190	36	.	.	PUNCT
ajeer-230	191	1	capital	capital	NOUN
ajeer-230	191	2	adequacy	adequacy	NOUN
ajeer-230	191	3	is	be	AUX
ajeer-230	191	4	also	also	ADV
ajeer-230	191	5	negatively	negatively	ADV
ajeer-230	191	6	correlated	correlate	VERB
ajeer-230	191	7	(	(	PUNCT
ajeer-230	191	8	0.4108	0.4108	NUM
ajeer-230	191	9	)	)	PUNCT
ajeer-230	191	10	to	to	ADP
ajeer-230	191	11	dependent	dependent	ADJ
ajeer-230	191	12	variables	variable	NOUN
ajeer-230	191	13	of	of	ADP
ajeer-230	191	14	nocf	nocf	PROPN
ajeer-230	191	15	slack	slack	NOUN
ajeer-230	191	16	in	in	ADP
ajeer-230	191	17	line	line	NOUN
ajeer-230	191	18	with	with	ADP
ajeer-230	191	19	the	the	DET
ajeer-230	191	20	expectation	expectation	NOUN
ajeer-230	191	21	of	of	ADP
ajeer-230	191	22	the	the	DET
ajeer-230	191	23	agency	agency	NOUN
ajeer-230	191	24	,	,	PUNCT
ajeer-230	191	25	financial	financial	ADJ
ajeer-230	191	26	intermediation	intermediation	NOUN
ajeer-230	191	27	and	and	CCONJ
ajeer-230	191	28	efficiency	efficiency	NOUN
ajeer-230	191	29	theories	theory	NOUN
ajeer-230	191	30	(	(	PUNCT
ajeer-230	191	31	famma	famma	ADJ
ajeer-230	191	32	,	,	PUNCT
ajeer-230	191	33	1980	1980	NUM
ajeer-230	191	34	;	;	PUNCT
ajeer-230	191	35	magali	magali	NOUN
ajeer-230	191	36	and	and	CCONJ
ajeer-230	191	37	pastory	pastory	ADJ
ajeer-230	191	38	,	,	PUNCT
ajeer-230	191	39	2013	2013	NUM
ajeer-230	191	40	)	)	PUNCT
ajeer-230	191	41	.	.	PUNCT
ajeer-230	192	1	the	the	DET
ajeer-230	192	2	correlation	correlation	NOUN
ajeer-230	192	3	also	also	ADV
ajeer-230	192	4	indicates	indicate	VERB
ajeer-230	192	5	that	that	SCONJ
ajeer-230	192	6	there	there	PRON
ajeer-230	192	7	is	be	VERB
ajeer-230	192	8	a	a	DET
ajeer-230	192	9	negative	negative	ADJ
ajeer-230	192	10	relationship	relationship	NOUN
ajeer-230	192	11	between	between	ADP
ajeer-230	192	12	log	log	NOUN
ajeer-230	192	13	of	of	ADP
ajeer-230	192	14	total	total	ADJ
ajeer-230	192	15	assets	asset	NOUN
ajeer-230	192	16	(	(	PUNCT
ajeer-230	192	17	size	size	NOUN
ajeer-230	192	18	measure	measure	NOUN
ajeer-230	192	19	)	)	PUNCT
ajeer-230	192	20	and	and	CCONJ
ajeer-230	192	21	the	the	DET
ajeer-230	192	22	nocf	nocf	PROPN
ajeer-230	192	23	output	output	PROPN
ajeer-230	192	24	slack	slack	NOUN
ajeer-230	192	25	(	(	PUNCT
ajeer-230	192	26	or	or	CCONJ
ajeer-230	192	27	inefficiency	inefficiency	NOUN
ajeer-230	192	28	)	)	PUNCT
ajeer-230	192	29	at	at	ADP
ajeer-230	192	30	0.4108	0.4108	NUM
ajeer-230	192	31	.	.	PUNCT
ajeer-230	193	1	this	this	DET
ajeer-230	193	2	finding	find	VERB
ajeer-230	193	3	ties	tie	NOUN
ajeer-230	193	4	well	well	ADV
ajeer-230	193	5	with	with	ADP
ajeer-230	193	6	prior	prior	ADJ
ajeer-230	193	7	study	study	NOUN
ajeer-230	193	8	which	which	PRON
ajeer-230	193	9	found	find	VERB
ajeer-230	193	10	out	out	ADP
ajeer-230	193	11	an	an	DET
ajeer-230	193	12	existence	existence	NOUN
ajeer-230	193	13	of	of	ADP
ajeer-230	193	14	positive	positive	ADJ
ajeer-230	193	15	relationship	relationship	NOUN
ajeer-230	193	16	between	between	ADP
ajeer-230	193	17	the	the	DET
ajeer-230	193	18	size	size	NOUN
ajeer-230	193	19	of	of	ADP
ajeer-230	193	20	saccos	sacco	NOUN
ajeer-230	193	21	and	and	CCONJ
ajeer-230	193	22	efficiency	efficiency	NOUN
ajeer-230	193	23	(	(	PUNCT
ajeer-230	193	24	magali	magali	PROPN
ajeer-230	193	25	,	,	PUNCT
ajeer-230	193	26	2014	2014	NUM
ajeer-230	193	27	)	)	PUNCT
ajeer-230	193	28	.	.	PUNCT
ajeer-230	194	1	4.1	4.1	NUM
ajeer-230	194	2	.	.	PUNCT
ajeer-230	194	3	ols	ol	NOUN
ajeer-230	194	4	regression	regression	NOUN
ajeer-230	194	5	correlation	correlation	NOUN
ajeer-230	194	6	and	and	CCONJ
ajeer-230	194	7	stochastic	stochastic	ADJ
ajeer-230	194	8	frontier	frontier	NOUN
ajeer-230	194	9	analysis	analysis	NOUN
ajeer-230	194	10	results	result	VERB
ajeer-230	194	11	the	the	DET
ajeer-230	194	12	correlation	correlation	NOUN
ajeer-230	194	13	between	between	ADP
ajeer-230	194	14	environmental	environmental	ADJ
ajeer-230	194	15	factors	factor	NOUN
ajeer-230	194	16	(	(	PUNCT
ajeer-230	194	17	prime	prime	ADJ
ajeer-230	194	18	regressors	regressor	NOUN
ajeer-230	194	19	)	)	PUNCT
ajeer-230	194	20	and	and	CCONJ
ajeer-230	194	21	specific	specific	ADJ
ajeer-230	194	22	predictor	predictor	NOUN
ajeer-230	194	23	variables	variable	NOUN
ajeer-230	194	24	was	be	AUX
ajeer-230	194	25	tested	test	VERB
ajeer-230	194	26	for	for	ADP
ajeer-230	194	27	purpose	purpose	NOUN
ajeer-230	194	28	of	of	ADP
ajeer-230	194	29	eliminating	eliminate	VERB
ajeer-230	194	30	highly	highly	ADV
ajeer-230	194	31	correlated	correlate	VERB
ajeer-230	194	32	prime	prime	ADJ
ajeer-230	194	33	regressor(s	regressor(s	NOUN
ajeer-230	194	34	)	)	PUNCT
ajeer-230	194	35	.	.	PUNCT
ajeer-230	195	1	the	the	DET
ajeer-230	195	2	results	result	NOUN
ajeer-230	195	3	indicated	indicate	VERB
ajeer-230	195	4	are	be	AUX
ajeer-230	195	5	mixed	mix	VERB
ajeer-230	195	6	with	with	ADP
ajeer-230	195	7	only	only	ADV
ajeer-230	195	8	one	one	NUM
ajeer-230	195	9	significant	significant	ADJ
ajeer-230	195	10	variable	variable	NOUN
ajeer-230	195	11	of	of	ADP
ajeer-230	195	12	compliance	compliance	NOUN
ajeer-230	195	13	with	with	ADP
ajeer-230	195	14	regulation	regulation	NOUN
ajeer-230	195	15	having	have	VERB
ajeer-230	195	16	r2	r2	PROPN
ajeer-230	195	17	adjusted	adjust	VERB
ajeer-230	195	18	of	of	ADP
ajeer-230	195	19	0.868	0.868	NUM
ajeer-230	195	20	as	as	SCONJ
ajeer-230	195	21	shown	show	VERB
ajeer-230	195	22	in	in	ADP
ajeer-230	195	23	table	table	NOUN
ajeer-230	195	24	7	7	NUM
ajeer-230	195	25	.	.	PUNCT
ajeer-230	196	1	this	this	PRON
ajeer-230	196	2	lend	lend	VERB
ajeer-230	196	3	to	to	PART
ajeer-230	196	4	retention	retention	NOUN
ajeer-230	196	5	of	of	ADP
ajeer-230	196	6	all	all	DET
ajeer-230	196	7	environmental	environmental	ADJ
ajeer-230	196	8	predictor	predictor	NOUN
ajeer-230	196	9	variables	variable	NOUN
ajeer-230	196	10	in	in	ADP
ajeer-230	196	11	the	the	DET
ajeer-230	196	12	final	final	ADJ
ajeer-230	196	13	model	model	NOUN
ajeer-230	196	14	of	of	ADP
ajeer-230	196	15	this	this	DET
ajeer-230	196	16	study	study	NOUN
ajeer-230	196	17	.	.	PUNCT
ajeer-230	197	1	this	this	DET
ajeer-230	197	2	study	study	NOUN
ajeer-230	197	3	finding	find	VERB
ajeer-230	197	4	in	in	ADP
ajeer-230	197	5	table	table	NOUN
ajeer-230	197	6	8	8	NUM
ajeer-230	197	7	also	also	ADV
ajeer-230	197	8	indicates	indicate	VERB
ajeer-230	197	9	that	that	SCONJ
ajeer-230	197	10	women	woman	NOUN
ajeer-230	197	11	on	on	ADP
ajeer-230	197	12	the	the	DET
ajeer-230	197	13	board	board	NOUN
ajeer-230	197	14	decrease	decrease	NOUN
ajeer-230	197	15	results	result	NOUN
ajeer-230	197	16	to	to	ADP
ajeer-230	197	17	increases	increase	NOUN
ajeer-230	197	18	in	in	ADP
ajeer-230	197	19	nocf	nocf	ADJ
ajeer-230	197	20	inefficiency	inefficiency	NOUN
ajeer-230	197	21	although	although	SCONJ
ajeer-230	197	22	insignificant	insignificant	ADJ
ajeer-230	197	23	.	.	PUNCT
ajeer-230	198	1	the	the	DET
ajeer-230	198	2	influence	influence	NOUN
ajeer-230	198	3	of	of	ADP
ajeer-230	198	4	macroeconomic	macroeconomic	ADJ
ajeer-230	198	5	variables	variable	NOUN
ajeer-230	198	6	to	to	ADP
ajeer-230	198	7	dependent	dependent	ADJ
ajeer-230	198	8	variable	variable	NOUN
ajeer-230	198	9	of	of	ADP
ajeer-230	198	10	nocf	nocf	PROPN
ajeer-230	198	11	slack	slack	NOUN
ajeer-230	198	12	is	be	AUX
ajeer-230	198	13	also	also	ADV
ajeer-230	198	14	insignificant	insignificant	ADJ
ajeer-230	198	15	.	.	PUNCT
ajeer-230	199	1	a	a	DET
ajeer-230	199	2	predictor	predictor	NOUN
ajeer-230	199	3	variable	variable	NOUN
ajeer-230	199	4	of	of	ADP
ajeer-230	199	5	capital	capital	NOUN
ajeer-230	199	6	adequacy	adequacy	NOUN
ajeer-230	199	7	had	have	VERB
ajeer-230	199	8	a	a	DET
ajeer-230	199	9	strong	strong	ADJ
ajeer-230	199	10	positive	positive	ADJ
ajeer-230	199	11	effect	effect	NOUN
ajeer-230	199	12	on	on	ADP
ajeer-230	199	13	nocf	nocf	PROPN
ajeer-230	199	14	slack	slack	NOUN
ajeer-230	199	15	with	with	ADP
ajeer-230	199	16	coefficient	coefficient	NOUN
ajeer-230	199	17	of	of	ADP
ajeer-230	199	18	+	+	NOUN
ajeer-230	199	19	0.4077	0.4077	NUM
ajeer-230	199	20	(	(	PUNCT
ajeer-230	199	21	p	p	NOUN
ajeer-230	199	22	-	-	PUNCT
ajeer-230	199	23	value	value	NOUN
ajeer-230	199	24	,	,	PUNCT
ajeer-230	199	25	0.028	0.028	NUM
ajeer-230	199	26	)	)	PUNCT
ajeer-230	199	27	.	.	PUNCT
ajeer-230	200	1	this	this	DET
ajeer-230	200	2	result	result	NOUN
ajeer-230	200	3	is	be	AUX
ajeer-230	200	4	contrary	contrary	ADJ
ajeer-230	200	5	to	to	ADP
ajeer-230	200	6	efficient	efficient	ADJ
ajeer-230	200	7	holding	holding	NOUN
ajeer-230	200	8	of	of	ADP
ajeer-230	200	9	excess	excess	ADJ
ajeer-230	200	10	funds	fund	NOUN
ajeer-230	200	11	available	available	ADJ
ajeer-230	200	12	in	in	ADP
ajeer-230	200	13	form	form	NOUN
ajeer-230	200	14	of	of	ADP
ajeer-230	200	15	reserves	reserve	NOUN
ajeer-230	200	16	with	with	ADP
ajeer-230	200	17	a	a	DET
ajeer-230	200	18	core	core	NOUN
ajeer-230	200	19	objective	objective	NOUN
ajeer-230	200	20	of	of	ADP
ajeer-230	200	21	stability	stability	NOUN
ajeer-230	200	22	and	and	CCONJ
ajeer-230	200	23	loan	loan	NOUN
ajeer-230	200	24	issue	issue	NOUN
ajeer-230	200	25	to	to	PART
ajeer-230	200	26	sacco	sacco	VERB
ajeer-230	200	27	members	member	NOUN
ajeer-230	200	28	.	.	PUNCT
ajeer-230	201	1	this	this	DET
ajeer-230	201	2	kind	kind	NOUN
ajeer-230	201	3	of	of	ADP
ajeer-230	201	4	relationship	relationship	NOUN
ajeer-230	201	5	may	may	AUX
ajeer-230	201	6	be	be	AUX
ajeer-230	201	7	possible	possible	ADJ
ajeer-230	201	8	where	where	SCONJ
ajeer-230	201	9	excess	excess	ADJ
ajeer-230	201	10	cash	cash	NOUN
ajeer-230	201	11	reserve	reserve	NOUN
ajeer-230	201	12	is	be	AUX
ajeer-230	201	13	kept	keep	VERB
ajeer-230	201	14	in	in	ADP
ajeer-230	201	15	banks	bank	NOUN
ajeer-230	201	16	instead	instead	ADV
ajeer-230	201	17	of	of	ADP
ajeer-230	201	18	issue	issue	NOUN
ajeer-230	201	19	to	to	ADP
ajeer-230	201	20	members	member	NOUN
ajeer-230	201	21	in	in	ADP
ajeer-230	201	22	form	form	NOUN
ajeer-230	201	23	of	of	ADP
ajeer-230	201	24	loans	loan	NOUN
ajeer-230	201	25	.	.	PUNCT
ajeer-230	202	1	however	however	ADV
ajeer-230	202	2	,	,	PUNCT
ajeer-230	202	3	a	a	DET
ajeer-230	202	4	contrary	contrary	ADJ
ajeer-230	202	5	finding	finding	NOUN
ajeer-230	202	6	is	be	AUX
ajeer-230	202	7	seen	see	VERB
ajeer-230	202	8	with	with	ADP
ajeer-230	202	9	the	the	DET
ajeer-230	202	10	relationship	relationship	NOUN
ajeer-230	202	11	between	between	ADP
ajeer-230	202	12	npta	npta	NOUN
ajeer-230	202	13	with	with	ADP
ajeer-230	202	14	nocf	nocf	PROPN
ajeer-230	202	15	slack	slack	PROPN
ajeer-230	202	16	,	,	PUNCT
ajeer-230	202	17	that	that	PRON
ajeer-230	202	18	is	be	AUX
ajeer-230	202	19	negative	negative	ADJ
ajeer-230	202	20	,	,	PUNCT
ajeer-230	202	21	with	with	ADP
ajeer-230	202	22	coefficient	coefficient	NOUN
ajeer-230	202	23	of	of	ADP
ajeer-230	202	24	2.8567(p	2.8567(p	NUM
ajeer-230	202	25	-	-	PUNCT
ajeer-230	202	26	value	value	NOUN
ajeer-230	202	27	0.001	0.001	NUM
ajeer-230	202	28	)	)	PUNCT
ajeer-230	202	29	.	.	PUNCT
ajeer-230	203	1	the	the	DET
ajeer-230	203	2	gamma	gamma	NOUN
ajeer-230	203	3	of	of	ADP
ajeer-230	203	4	1.13e-23	1.13e-23	NUM
ajeer-230	203	5	is	be	AUX
ajeer-230	203	6	not	not	PART
ajeer-230	203	7	far	far	ADV
ajeer-230	203	8	away	away	ADV
ajeer-230	203	9	from	from	ADP
ajeer-230	203	10	zero	zero	NUM
ajeer-230	203	11	.	.	PUNCT
ajeer-230	204	1	therefore	therefore	ADV
ajeer-230	204	2	,	,	PUNCT
ajeer-230	204	3	hypothesis	hypothesis	NOUN
ajeer-230	204	4	h01	h01	NOUN
ajeer-230	204	5	is	be	AUX
ajeer-230	204	6	accepted	accept	VERB
ajeer-230	204	7	,	,	PUNCT
ajeer-230	204	8	h02	h02	PROPN
ajeer-230	204	9	is	be	AUX
ajeer-230	204	10	also	also	ADV
ajeer-230	204	11	accepted	accept	VERB
ajeer-230	204	12	while	while	SCONJ
ajeer-230	204	13	h03	h03	NOUN
ajeer-230	204	14	asian	asian	ADJ
ajeer-230	204	15	journal	journal	NOUN
ajeer-230	204	16	of	of	ADP
ajeer-230	204	17	economics	economic	NOUN
ajeer-230	204	18	and	and	CCONJ
ajeer-230	204	19	empirical	empirical	ADJ
ajeer-230	204	20	research	research	NOUN
ajeer-230	204	21	,	,	PUNCT
ajeer-230	204	22	2017	2017	NUM
ajeer-230	204	23	,	,	PUNCT
ajeer-230	204	24	4(2	4(2	NUM
ajeer-230	204	25	):	):	PUNCT
ajeer-230	204	26	49	49	NUM
ajeer-230	204	27	-	-	SYM
ajeer-230	204	28	60	60	NUM
ajeer-230	204	29	56	56	NUM
ajeer-230	204	30	is	be	AUX
ajeer-230	204	31	rejected	reject	VERB
ajeer-230	204	32	,	,	PUNCT
ajeer-230	204	33	all	all	PRON
ajeer-230	204	34	at	at	ADP
ajeer-230	204	35	95	95	NUM
ajeer-230	204	36	%	%	NOUN
ajeer-230	204	37	level	level	NOUN
ajeer-230	204	38	of	of	ADP
ajeer-230	204	39	confidence	confidence	NOUN
ajeer-230	204	40	.	.	PUNCT
ajeer-230	205	1	the	the	DET
ajeer-230	205	2	result	result	NOUN
ajeer-230	205	3	utilized	utilize	VERB
ajeer-230	205	4	88	88	NUM
ajeer-230	205	5	observations	observation	NOUN
ajeer-230	205	6	out	out	ADP
ajeer-230	205	7	of	of	ADP
ajeer-230	205	8	a	a	DET
ajeer-230	205	9	total	total	NOUN
ajeer-230	205	10	of	of	ADP
ajeer-230	205	11	368	368	NUM
ajeer-230	205	12	and	and	CCONJ
ajeer-230	205	13	indicates	indicate	VERB
ajeer-230	205	14	all	all	DET
ajeer-230	205	15	predictors	predictor	NOUN
ajeer-230	205	16	jointly	jointly	ADV
ajeer-230	205	17	influence	influence	VERB
ajeer-230	205	18	inefficiency	inefficiency	NOUN
ajeer-230	205	19	given	give	VERB
ajeer-230	205	20	wald	wald	PROPN
ajeer-230	205	21	chi	chi	PROPN
ajeer-230	205	22	sq	sq	PROPN
ajeer-230	205	23	.	.	PROPN
ajeer-230	206	1	(	(	PUNCT
ajeer-230	206	2	20	20	NUM
ajeer-230	206	3	)	)	PUNCT
ajeer-230	206	4	=	=	SYM
ajeer-230	206	5	47.78	47.78	NUM
ajeer-230	206	6	(	(	PUNCT
ajeer-230	206	7	p	p	NOUN
ajeer-230	206	8	-	-	PUNCT
ajeer-230	206	9	value	value	NOUN
ajeer-230	206	10	0.0005	0.0005	NUM
ajeer-230	206	11	)	)	PUNCT
ajeer-230	206	12	.	.	PUNCT
ajeer-230	207	1	however	however	ADV
ajeer-230	207	2	,	,	PUNCT
ajeer-230	207	3	the	the	DET
ajeer-230	207	4	influence	influence	NOUN
ajeer-230	207	5	of	of	ADP
ajeer-230	207	6	control	control	NOUN
ajeer-230	207	7	variables	variable	NOUN
ajeer-230	207	8	on	on	ADP
ajeer-230	207	9	nocf	nocf	PROPN
ajeer-230	207	10	slack	slack	NOUN
ajeer-230	207	11	variable	variable	NOUN
ajeer-230	207	12	is	be	AUX
ajeer-230	207	13	insignificant	insignificant	ADJ
ajeer-230	207	14	.	.	PUNCT
ajeer-230	208	1	the	the	DET
ajeer-230	208	2	mean	mean	NOUN
ajeer-230	208	3	of	of	ADP
ajeer-230	208	4	truncated	truncated	ADJ
ajeer-230	208	5	-	-	PUNCT
ajeer-230	208	6	normal	normal	ADJ
ajeer-230	208	7	distribution	distribution	NOUN
ajeer-230	208	8	(	(	PUNCT
ajeer-230	208	9	mu	mu	NOUN
ajeer-230	208	10	)	)	PUNCT
ajeer-230	208	11	value	value	NOUN
ajeer-230	208	12	of	of	ADP
ajeer-230	208	13	17.6	17.6	NUM
ajeer-230	208	14	is	be	AUX
ajeer-230	208	15	far	far	ADV
ajeer-230	208	16	from	from	ADP
ajeer-230	208	17	zero	zero	NUM
ajeer-230	208	18	,	,	PUNCT
ajeer-230	208	19	thus	thus	ADV
ajeer-230	208	20	a	a	DET
ajeer-230	208	21	reflection	reflection	NOUN
ajeer-230	208	22	of	of	ADP
ajeer-230	208	23	inability	inability	NOUN
ajeer-230	208	24	for	for	ADP
ajeer-230	208	25	study	study	NOUN
ajeer-230	208	26	data	datum	NOUN
ajeer-230	208	27	to	to	PART
ajeer-230	208	28	reduce	reduce	VERB
ajeer-230	208	29	to	to	ADP
ajeer-230	208	30	ols	ol	NOUN
ajeer-230	208	31	regression	regression	NOUN
ajeer-230	208	32	stata	stata	NOUN
ajeer-230	208	33	(	(	PUNCT
ajeer-230	208	34	2015	2015	NUM
ajeer-230	208	35	)	)	PUNCT
ajeer-230	208	36	.	.	PUNCT
ajeer-230	209	1	table-7	table-7	NUM
ajeer-230	209	2	.	.	PUNCT
ajeer-230	210	1	regress	regress	ADJ
ajeer-230	210	2	predictors	predictor	NOUN
ajeer-230	210	3	:	:	PUNCT
ajeer-230	210	4	cpi	cpi	PROPN
ajeer-230	210	5	,	,	PUNCT
ajeer-230	210	6	gdp	gdp	PROPN
ajeer-230	210	7	,	,	PUNCT
ajeer-230	210	8	goklb	goklb	PROPN
ajeer-230	210	9	,	,	PUNCT
ajeer-230	210	10	insp	insp	PROPN
ajeer-230	210	11	,	,	PUNCT
ajeer-230	210	12	&	&	CCONJ
ajeer-230	210	13	flib	flib	PROPN
ajeer-230	210	14	dependent	dependent	ADJ
ajeer-230	210	15	variables	variable	NOUN
ajeer-230	210	16	adj	adj	PROPN
ajeer-230	210	17	.	.	PROPN
ajeer-230	210	18	r2	r2	PROPN
ajeer-230	210	19	prob	prob	PROPN
ajeer-230	210	20	.	.	PUNCT
ajeer-230	210	21	>	>	X
ajeer-230	211	1	f	f	PROPN
ajeer-230	211	2	obs	obs	PROPN
ajeer-230	211	3	.	.	PUNCT
ajeer-230	212	1	(	(	PUNCT
ajeer-230	212	2	95	95	NUM
ajeer-230	212	3	%	%	NOUN
ajeer-230	212	4	conf.int	conf.int	NOUN
ajeer-230	212	5	.	.	PUNCT
ajeer-230	212	6	)	)	PUNCT
ajeer-230	213	1	age	age	NOUN
ajeer-230	213	2	0.04	0.04	NUM
ajeer-230	213	3	0.0011	0.0011	NUM
ajeer-230	213	4	368	368	NUM
ajeer-230	213	5	ca	ca	NOUN
ajeer-230	213	6	0.01	0.01	NUM
ajeer-230	213	7	0.122	0.122	NUM
ajeer-230	213	8	368	368	NUM
ajeer-230	213	9	ta	ta	PART
ajeer-230	213	10	0.06	0.06	NUM
ajeer-230	213	11	0.0001	0.0001	NUM
ajeer-230	213	12	368	368	NUM
ajeer-230	213	13	npta	npta	NOUN
ajeer-230	213	14	0.012	0.012	NUM
ajeer-230	213	15	0.097	0.097	NUM
ajeer-230	213	16	368	368	NUM
ajeer-230	213	17	ao	ao	NOUN
ajeer-230	213	18	-0.014	-0.014	NUM
ajeer-230	213	19	1.000	1.000	NUM
ajeer-230	213	20	368	368	NUM
ajeer-230	213	21	lp	lp	NOUN
ajeer-230	213	22	0.118	0.118	NUM
ajeer-230	213	23	0.000	0.000	NUM
ajeer-230	213	24	368	368	NUM
ajeer-230	213	25	mp	mp	NOUN
ajeer-230	213	26	-0.0005	-0.0005	VERB
ajeer-230	213	27	0.439	0.439	NUM
ajeer-230	213	28	368	368	NUM
ajeer-230	213	29	clr	clr	NOUN
ajeer-230	213	30	0.868	0.868	NUM
ajeer-230	213	31	0.000	0.000	NUM
ajeer-230	213	32	368	368	NUM
ajeer-230	213	33	atech	atech	NOUN
ajeer-230	213	34	0.046	0.046	NUM
ajeer-230	213	35	0.0005	0.0005	NUM
ajeer-230	213	36	368	368	NUM
ajeer-230	213	37	w	w	ADP
ajeer-230	213	38	-0.010	-0.010	ADJ
ajeer-230	213	39	0.93	0.93	NUM
ajeer-230	213	40	368	368	NUM
ajeer-230	213	41	ncfma	ncfma	NOUN
ajeer-230	213	42	-0.006	-0.006	PROPN
ajeer-230	213	43	0.699	0.699	NUM
ajeer-230	213	44	368	368	NUM
ajeer-230	213	45	ms	ms	NOUN
ajeer-230	213	46	0.065	0.065	NUM
ajeer-230	213	47	0.000	0.000	NUM
ajeer-230	213	48	368	368	NUM
ajeer-230	213	49	wc	wc	PROPN
ajeer-230	213	50	-0.0005	-0.0005	VERB
ajeer-230	213	51	0.441	0.441	NUM
ajeer-230	213	52	368	368	NUM
ajeer-230	213	53	bond	bond	NOUN
ajeer-230	213	54	-0.0000	-0.0000	VERB
ajeer-230	213	55	0.419	0.419	NUM
ajeer-230	213	56	368	368	NUM
ajeer-230	213	57	fi	fi	NOUN
ajeer-230	213	58	0.0371	0.0371	NUM
ajeer-230	213	59	0.0022	0.0022	NUM
ajeer-230	213	60	368	368	NUM
ajeer-230	213	61	source	source	NOUN
ajeer-230	213	62	:	:	PUNCT
ajeer-230	213	63	research	research	NOUN
ajeer-230	213	64	(	(	PUNCT
ajeer-230	213	65	2015	2015	NUM
ajeer-230	213	66	)	)	PUNCT
ajeer-230	213	67	table-8	table-8	PROPN
ajeer-230	213	68	.	.	PUNCT
ajeer-230	213	69	time	time	NOUN
ajeer-230	213	70	varying	vary	VERB
ajeer-230	213	71	inefficiency	inefficiency	NOUN
ajeer-230	213	72	model	model	NOUN
ajeer-230	213	73	-	-	PUNCT
ajeer-230	213	74	regression	regression	NOUN
ajeer-230	213	75	of	of	ADP
ajeer-230	213	76	net	net	ADJ
ajeer-230	213	77	operating	operate	VERB
ajeer-230	213	78	cash	cash	NOUN
ajeer-230	213	79	flows	flow	VERB
ajeer-230	213	80	output	output	NOUN
ajeer-230	213	81	slack	slack	NOUN
ajeer-230	213	82	to	to	ADP
ajeer-230	213	83	predictor	predictor	NOUN
ajeer-230	213	84	variables	variable	NOUN
ajeer-230	213	85	:	:	PUNCT
ajeer-230	213	86	with	with	SCONJ
ajeer-230	213	87	control	control	NOUN
ajeer-230	213	88	variables	variable	VERB
ajeer-230	213	89	observations	observation	NOUN
ajeer-230	214	1	=	=	NOUN
ajeer-230	214	2	88	88	NUM
ajeer-230	214	3	wald	wald	X
ajeer-230	214	4	chi	chi	NOUN
ajeer-230	214	5	2(20	2(20	NUM
ajeer-230	214	6	)	)	PUNCT
ajeer-230	214	7	=	=	PUNCT
ajeer-230	215	1	47.78	47.78	NUM
ajeer-230	215	2	log	log	NOUN
ajeer-230	215	3	likelihood	likelihood	NOUN
ajeer-230	215	4	=	=	NOUN
ajeer-230	215	5	0.00	0.00	NUM
ajeer-230	215	6	prob	prob	NOUN
ajeer-230	215	7	>	>	X
ajeer-230	215	8	c	c	PROPN
ajeer-230	215	9	hi2	hi2	NOUN
ajeer-230	215	10	=	=	NOUN
ajeer-230	215	11	0.0005	0.0005	NUM
ajeer-230	215	12	*	*	NOUN
ajeer-230	215	13	slack	slack	PROPN
ajeer-230	215	14	nocf	nocf	PROPN
ajeer-230	215	15	coef	coef	PROPN
ajeer-230	215	16	.	.	PUNCT
ajeer-230	216	1	std	std	NOUN
ajeer-230	216	2	err	err	NOUN
ajeer-230	216	3	.	.	PUNCT
ajeer-230	217	1	z	z	NOUN
ajeer-230	217	2	p>|z|	p>|z|	VERB
ajeer-230	217	3	[	[	X
ajeer-230	217	4	95	95	NUM
ajeer-230	217	5	%	%	NOUN
ajeer-230	217	6	conf	conf	NOUN
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ajeer-230	219	11	*	*	NOUN
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ajeer-230	220	6	*	*	PUNCT
ajeer-230	220	7	*	*	PUNCT
ajeer-230	220	8	*	*	PROPN
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ajeer-230	221	6	clr	clr	VERB
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ajeer-230	222	14	-0.23323	-0.23323	NOUN
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ajeer-230	222	19	1.21	1.21	NUM
ajeer-230	222	20	0.225	0.225	NUM
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ajeer-230	222	23	goklb	goklb	PROPN
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ajeer-230	227	23	*	*	PROPN
ajeer-230	227	24	-50.7277	-50.7277	NOUN
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ajeer-230	227	28	.	.	PUNCT
ajeer-230	227	29	.	.	PUNCT
ajeer-230	227	30	.	.	PUNCT
ajeer-230	227	31	.	.	PUNCT
ajeer-230	228	1	.	.	PUNCT
ajeer-230	229	1	/eta	/eta	PUNCT
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ajeer-230	230	3	1.72	1.72	NUM
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ajeer-230	230	6	0.011733	0.011733	NUM
ajeer-230	230	7	/lnsigma2	/lnsigma2	NOUN
ajeer-230	230	8	-0.88651	-0.88651	NOUN
ajeer-230	231	1	0.00544	0.00544	NUM
ajeer-230	232	1	-162.98	-162.98	ADJ
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ajeer-230	232	3	-0.89717	-0.89717	NOUN
ajeer-230	232	4	-0.87584	-0.87584	X
ajeer-230	232	5	/ilgtgamma	/ilgtgamma	INTJ
ajeer-230	232	6	-52.8397	-52.8397	INTJ
ajeer-230	232	7	.	.	PUNCT
ajeer-230	232	8	.	.	PUNCT
ajeer-230	232	9	.	.	PUNCT
ajeer-230	232	10	.	.	PUNCT
ajeer-230	232	11	.	.	PUNCT
ajeer-230	233	1	sigma2	sigma2	NOUN
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ajeer-230	234	2	0.407723	0.407723	NUM
ajeer-230	234	3	0.41651	0.41651	NUM
ajeer-230	234	4	gamma	gamma	NOUN
ajeer-230	234	5	1.13e-23	1.13e-23	NUM
ajeer-230	234	6	.	.	PUNCT
ajeer-230	234	7	.	.	PUNCT
ajeer-230	234	8	.	.	PUNCT
ajeer-230	235	1	sigma_u2	sigma_u2	VERB
ajeer-230	235	2	4.65e-24	4.65e-24	NUM
ajeer-230	235	3	.	.	PUNCT
ajeer-230	235	4	.	.	PUNCT
ajeer-230	235	5	.	.	PUNCT
ajeer-230	236	1	sigma_v2	sigma_v2	VERB
ajeer-230	236	2	0.412093	0.412093	NUM
ajeer-230	236	3	.	.	PUNCT
ajeer-230	236	4	.	.	PUNCT
ajeer-230	237	1	.	.	PUNCT
ajeer-230	238	1	source	source	NOUN
ajeer-230	238	2	:	:	PUNCT
ajeer-230	238	3	research	research	NOUN
ajeer-230	238	4	(	(	PUNCT
ajeer-230	238	5	2015	2015	NUM
ajeer-230	238	6	)	)	PUNCT
ajeer-230	238	7	.	.	PUNCT
ajeer-230	239	1	significance	significance	NOUN
ajeer-230	239	2	levels	level	NOUN
ajeer-230	239	3	:	:	PUNCT
ajeer-230	239	4	1	1	NUM
ajeer-230	239	5	%	%	NOUN
ajeer-230	239	6	*	*	PUNCT
ajeer-230	239	7	,	,	PUNCT
ajeer-230	239	8	5	5	NUM
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ajeer-230	239	10	*	*	PUNCT
ajeer-230	239	11	*	*	PUNCT
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ajeer-230	239	13	10	10	NUM
ajeer-230	239	14	%	%	NOUN
ajeer-230	239	15	*	*	PUNCT
ajeer-230	239	16	*	*	PUNCT
ajeer-230	240	1	*	*	PUNCT
ajeer-230	240	2	5	5	X
ajeer-230	240	3	.	.	X
ajeer-230	240	4	conclusion	conclusion	NOUN
ajeer-230	240	5	the	the	DET
ajeer-230	240	6	general	general	ADJ
ajeer-230	240	7	objective	objective	NOUN
ajeer-230	240	8	of	of	ADP
ajeer-230	240	9	this	this	DET
ajeer-230	240	10	study	study	NOUN
ajeer-230	240	11	was	be	AUX
ajeer-230	240	12	to	to	PART
ajeer-230	240	13	establish	establish	VERB
ajeer-230	240	14	the	the	DET
ajeer-230	240	15	determinants	determinant	NOUN
ajeer-230	240	16	of	of	ADP
ajeer-230	240	17	technical	technical	ADJ
ajeer-230	240	18	inefficiency	inefficiency	NOUN
ajeer-230	240	19	of	of	ADP
ajeer-230	240	20	deposit	deposit	NOUN
ajeer-230	240	21	taking	take	VERB
ajeer-230	240	22	saccos	sacco	NOUN
ajeer-230	240	23	in	in	ADP
ajeer-230	240	24	kenya	kenya	PROPN
ajeer-230	240	25	,	,	PUNCT
ajeer-230	240	26	given	give	VERB
ajeer-230	240	27	a	a	DET
ajeer-230	240	28	net	net	ADJ
ajeer-230	240	29	operating	operate	VERB
ajeer-230	240	30	cash	cash	NOUN
ajeer-230	240	31	flow	flow	NOUN
ajeer-230	240	32	slack	slack	NOUN
ajeer-230	240	33	(	(	PUNCT
ajeer-230	240	34	an	an	DET
ajeer-230	240	35	output	output	NOUN
ajeer-230	240	36	inefficiency	inefficiency	NOUN
ajeer-230	240	37	)	)	PUNCT
ajeer-230	240	38	as	as	ADP
ajeer-230	240	39	a	a	DET
ajeer-230	240	40	dependent	dependent	ADJ
ajeer-230	240	41	variable	variable	NOUN
ajeer-230	240	42	.	.	PUNCT
ajeer-230	241	1	to	to	PART
ajeer-230	241	2	attain	attain	VERB
ajeer-230	241	3	this	this	DET
ajeer-230	241	4	objective	objective	NOUN
ajeer-230	241	5	,	,	PUNCT
ajeer-230	241	6	eight	eight	NUM
ajeer-230	241	7	years	year	NOUN
ajeer-230	241	8	panel	panel	NOUN
ajeer-230	241	9	data	datum	NOUN
ajeer-230	241	10	for	for	ADP
ajeer-230	241	11	46	46	NUM
ajeer-230	241	12	saccos	sacco	NOUN
ajeer-230	241	13	was	be	AUX
ajeer-230	241	14	analyzed	analyze	VERB
ajeer-230	241	15	by	by	ADP
ajeer-230	241	16	the	the	DET
ajeer-230	241	17	help	help	NOUN
ajeer-230	241	18	of	of	ADP
ajeer-230	241	19	data	datum	NOUN
ajeer-230	241	20	envelopment	envelopment	ADJ
ajeer-230	241	21	analysis	analysis	NOUN
ajeer-230	241	22	and	and	CCONJ
ajeer-230	241	23	stochastic	stochastic	ADJ
ajeer-230	241	24	frontier	frontier	NOUN
ajeer-230	241	25	model	model	NOUN
ajeer-230	241	26	using	use	VERB
ajeer-230	241	27	stata14.1	stata14.1	ADJ
ajeer-230	241	28	software	software	NOUN
ajeer-230	241	29	.	.	PUNCT
ajeer-230	242	1	therefore	therefore	ADV
ajeer-230	242	2	,	,	PUNCT
ajeer-230	242	3	the	the	DET
ajeer-230	242	4	effect	effect	NOUN
ajeer-230	242	5	of	of	ADP
ajeer-230	242	6	five	five	NUM
ajeer-230	242	7	macro	macro	ADJ
ajeer-230	242	8	-	-	ADJ
ajeer-230	242	9	economic	economic	ADJ
ajeer-230	242	10	variables	variable	NOUN
ajeer-230	242	11	,	,	PUNCT
ajeer-230	242	12	thirteen	thirteen	NUM
ajeer-230	242	13	specific	specific	ADJ
ajeer-230	242	14	saccos	sacco	NOUN
ajeer-230	242	15	’	'	PUNCT
ajeer-230	242	16	predictors	predictor	NOUN
ajeer-230	242	17	and	and	CCONJ
ajeer-230	242	18	two	two	NUM
ajeer-230	242	19	control	control	NOUN
ajeer-230	242	20	variables	variable	NOUN
ajeer-230	242	21	against	against	ADP
ajeer-230	242	22	dependent	dependent	ADJ
ajeer-230	242	23	variable	variable	NOUN
ajeer-230	242	24	of	of	ADP
ajeer-230	242	25	nocf	nocf	PROPN
ajeer-230	242	26	slack	slack	PROPN
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ajeer-230	242	28	evaluated	evaluate	VERB
ajeer-230	242	29	.	.	PUNCT
ajeer-230	243	1	the	the	DET
ajeer-230	243	2	dependent	dependent	ADJ
ajeer-230	243	3	variable	variable	ADJ
ajeer-230	243	4	slacks	slack	NOUN
ajeer-230	243	5	(	(	PUNCT
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ajeer-230	243	7	of	of	ADP
ajeer-230	243	8	nocf	nocf	PROPN
ajeer-230	243	9	)	)	PUNCT
ajeer-230	243	10	were	be	AUX
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ajeer-230	243	12	using	use	VERB
ajeer-230	243	13	data	datum	NOUN
ajeer-230	243	14	envelopment	envelopment	ADJ
ajeer-230	243	15	analysis	analysis	NOUN
ajeer-230	243	16	model	model	NOUN
ajeer-230	243	17	in	in	ADP
ajeer-230	243	18	stata14.1	stata14.1	PROPN
ajeer-230	243	19	.	.	PUNCT
ajeer-230	244	1	it	it	PRON
ajeer-230	244	2	was	be	AUX
ajeer-230	244	3	found	find	VERB
ajeer-230	244	4	that	that	SCONJ
ajeer-230	244	5	13	13	NUM
ajeer-230	244	6	out	out	ADP
ajeer-230	244	7	of	of	ADP
ajeer-230	244	8	46	46	NUM
ajeer-230	244	9	saccos	sacco	NOUN
ajeer-230	244	10	scored	score	VERB
ajeer-230	244	11	strong	strong	ADJ
ajeer-230	244	12	technical	technical	ADJ
ajeer-230	244	13	efficiency	efficiency	NOUN
ajeer-230	244	14	of	of	ADP
ajeer-230	244	15	1	1	NUM
ajeer-230	244	16	with	with	ADP
ajeer-230	244	17	an	an	DET
ajeer-230	244	18	average	average	ADJ
ajeer-230	244	19	technical	technical	ADJ
ajeer-230	244	20	efficiency	efficiency	NOUN
ajeer-230	244	21	of	of	ADP
ajeer-230	244	22	0.976	0.976	NUM
ajeer-230	244	23	for	for	ADP
ajeer-230	244	24	the	the	DET
ajeer-230	244	25	whole	whole	ADJ
ajeer-230	244	26	census	census	NOUN
ajeer-230	244	27	of	of	ADP
ajeer-230	244	28	the	the	DET
ajeer-230	244	29	study	study	NOUN
ajeer-230	244	30	.	.	PUNCT
ajeer-230	245	1	it	it	PRON
ajeer-230	245	2	was	be	AUX
ajeer-230	245	3	also	also	ADV
ajeer-230	245	4	found	find	VERB
ajeer-230	245	5	that	that	SCONJ
ajeer-230	245	6	specific	specific	ADJ
ajeer-230	245	7	variables	variable	NOUN
ajeer-230	245	8	influence	influence	NOUN
ajeer-230	245	9	saccos	saccos	PROPN
ajeer-230	245	10	’	'	PUNCT
ajeer-230	245	11	inefficiency	inefficiency	NOUN
ajeer-230	245	12	given	give	VERB
ajeer-230	245	13	nocf	nocf	PROPN
ajeer-230	245	14	slack	slack	NOUN
ajeer-230	245	15	at	at	ADP
ajeer-230	245	16	95	95	NUM
ajeer-230	245	17	%	%	NOUN
ajeer-230	245	18	level	level	NOUN
ajeer-230	245	19	of	of	ADP
ajeer-230	245	20	confidence	confidence	NOUN
ajeer-230	245	21	.	.	PUNCT
ajeer-230	246	1	a	a	DET
ajeer-230	246	2	unique	unique	ADJ
ajeer-230	246	3	result	result	NOUN
ajeer-230	246	4	to	to	ADP
ajeer-230	246	5	this	this	DET
ajeer-230	246	6	study	study	NOUN
ajeer-230	246	7	is	be	AUX
ajeer-230	246	8	that	that	PRON
ajeer-230	246	9	fi	fi	NOUN
ajeer-230	246	10	specific	specific	ADJ
ajeer-230	246	11	variable	variable	NOUN
ajeer-230	246	12	is	be	AUX
ajeer-230	246	13	negatively	negatively	ADV
ajeer-230	246	14	correlated	correlate	VERB
ajeer-230	246	15	to	to	ADP
ajeer-230	246	16	dependent	dependent	ADJ
ajeer-230	246	17	variable	variable	ADJ
ajeer-230	246	18	asian	asian	ADJ
ajeer-230	246	19	journal	journal	NOUN
ajeer-230	246	20	of	of	ADP
ajeer-230	246	21	economics	economic	NOUN
ajeer-230	246	22	and	and	CCONJ
ajeer-230	246	23	empirical	empirical	ADJ
ajeer-230	246	24	research	research	NOUN
ajeer-230	246	25	,	,	PUNCT
ajeer-230	246	26	2017	2017	NUM
ajeer-230	246	27	,	,	PUNCT
ajeer-230	246	28	4(2	4(2	NUM
ajeer-230	246	29	):	):	PUNCT
ajeer-230	246	30	49	49	NUM
ajeer-230	246	31	-	-	SYM
ajeer-230	246	32	60	60	NUM
ajeer-230	246	33	57	57	NUM
ajeer-230	246	34	although	although	SCONJ
ajeer-230	246	35	regression	regression	NOUN
ajeer-230	246	36	indicates	indicate	VERB
ajeer-230	246	37	fi	fi	NOUN
ajeer-230	246	38	having	have	VERB
ajeer-230	246	39	a	a	DET
ajeer-230	246	40	strong	strong	ADJ
ajeer-230	246	41	positive	positive	ADJ
ajeer-230	246	42	coefficient	coefficient	NOUN
ajeer-230	246	43	of	of	ADP
ajeer-230	246	44	0.1511	0.1511	NUM
ajeer-230	246	45	(	(	PUNCT
ajeer-230	246	46	p	p	NOUN
ajeer-230	246	47	-	-	PUNCT
ajeer-230	246	48	value	value	NOUN
ajeer-230	246	49	,	,	PUNCT
ajeer-230	246	50	0.044	0.044	NUM
ajeer-230	246	51	)	)	PUNCT
ajeer-230	246	52	;	;	PUNCT
ajeer-230	246	53	at	at	ADP
ajeer-230	246	54	95	95	NUM
ajeer-230	246	55	%	%	NOUN
ajeer-230	246	56	level	level	NOUN
ajeer-230	246	57	of	of	ADP
ajeer-230	246	58	confidence	confidence	NOUN
ajeer-230	246	59	,	,	PUNCT
ajeer-230	246	60	given	give	VERB
ajeer-230	246	61	nocf	nocf	PROPN
ajeer-230	246	62	output	output	NOUN
ajeer-230	246	63	slack	slack	NOUN
ajeer-230	246	64	with	with	ADP
ajeer-230	246	65	control	control	NOUN
ajeer-230	246	66	variables	variable	NOUN
ajeer-230	246	67	.	.	PUNCT
ajeer-230	247	1	this	this	DET
ajeer-230	247	2	direction	direction	NOUN
ajeer-230	247	3	of	of	ADP
ajeer-230	247	4	influence	influence	NOUN
ajeer-230	247	5	is	be	AUX
ajeer-230	247	6	expected	expect	VERB
ajeer-230	247	7	in	in	ADP
ajeer-230	247	8	an	an	DET
ajeer-230	247	9	emerging	emerge	VERB
ajeer-230	247	10	sub	sub	NOUN
ajeer-230	247	11	-	-	NOUN
ajeer-230	247	12	sector	sector	NOUN
ajeer-230	247	13	where	where	SCONJ
ajeer-230	247	14	investments	investment	NOUN
ajeer-230	247	15	are	be	AUX
ajeer-230	247	16	regulated	regulate	VERB
ajeer-230	247	17	and	and	CCONJ
ajeer-230	247	18	pegged	peg	VERB
ajeer-230	247	19	at	at	ADP
ajeer-230	247	20	a	a	DET
ajeer-230	247	21	certain	certain	ADJ
ajeer-230	247	22	percentage	percentage	NOUN
ajeer-230	247	23	point	point	NOUN
ajeer-230	247	24	.	.	PUNCT
ajeer-230	248	1	the	the	DET
ajeer-230	248	2	study	study	NOUN
ajeer-230	248	3	further	far	ADV
ajeer-230	248	4	indicates	indicate	VERB
ajeer-230	248	5	that	that	SCONJ
ajeer-230	248	6	capital	capital	NOUN
ajeer-230	248	7	adequacy	adequacy	NOUN
ajeer-230	248	8	had	have	VERB
ajeer-230	248	9	significant	significant	ADJ
ajeer-230	248	10	positive	positive	ADJ
ajeer-230	248	11	effect	effect	NOUN
ajeer-230	248	12	on	on	ADP
ajeer-230	248	13	the	the	DET
ajeer-230	248	14	nocf	nocf	PROPN
ajeer-230	248	15	slack	slack	NOUN
ajeer-230	248	16	with	with	ADP
ajeer-230	248	17	control	control	NOUN
ajeer-230	248	18	variables	variable	NOUN
ajeer-230	248	19	,	,	PUNCT
ajeer-230	248	20	which	which	PRON
ajeer-230	248	21	is	be	AUX
ajeer-230	248	22	not	not	PART
ajeer-230	248	23	as	as	ADP
ajeer-230	248	24	per	per	ADP
ajeer-230	248	25	the	the	DET
ajeer-230	248	26	expectation	expectation	NOUN
ajeer-230	248	27	unless	unless	SCONJ
ajeer-230	248	28	a	a	DET
ajeer-230	248	29	high	high	ADJ
ajeer-230	248	30	incidence	incidence	NOUN
ajeer-230	248	31	of	of	ADP
ajeer-230	248	32	cash	cash	NOUN
ajeer-230	248	33	reserves	reserve	NOUN
ajeer-230	248	34	is	be	AUX
ajeer-230	248	35	idle	idle	ADJ
ajeer-230	248	36	in	in	ADP
ajeer-230	248	37	the	the	DET
ajeer-230	248	38	banks	bank	NOUN
ajeer-230	248	39	instead	instead	ADV
ajeer-230	248	40	of	of	ADP
ajeer-230	248	41	being	be	AUX
ajeer-230	248	42	loaned	loan	VERB
ajeer-230	248	43	to	to	ADP
ajeer-230	248	44	members	member	NOUN
ajeer-230	248	45	.	.	PUNCT
ajeer-230	249	1	however	however	ADV
ajeer-230	249	2	,	,	PUNCT
ajeer-230	249	3	the	the	DET
ajeer-230	249	4	correlation	correlation	NOUN
ajeer-230	249	5	between	between	ADP
ajeer-230	249	6	capital	capital	NOUN
ajeer-230	249	7	adequacy	adequacy	NOUN
ajeer-230	249	8	and	and	CCONJ
ajeer-230	249	9	nocf	nocf	NOUN
ajeer-230	249	10	slack	slack	PROPN
ajeer-230	249	11	variable	variable	NOUN
ajeer-230	249	12	was	be	AUX
ajeer-230	249	13	as	as	ADP
ajeer-230	249	14	expected	expect	VERB
ajeer-230	249	15	at	at	ADP
ajeer-230	249	16	-0.4108	-0.4108	NOUN
ajeer-230	249	17	(	(	PUNCT
ajeer-230	249	18	negatively	negatively	ADV
ajeer-230	249	19	correlated	correlate	VERB
ajeer-230	249	20	)	)	PUNCT
ajeer-230	249	21	at	at	ADP
ajeer-230	249	22	95	95	NUM
ajeer-230	249	23	%	%	NOUN
ajeer-230	249	24	level	level	NOUN
ajeer-230	249	25	of	of	ADP
ajeer-230	249	26	confidence	confidence	NOUN
ajeer-230	249	27	.	.	PUNCT
ajeer-230	250	1	generally	generally	ADV
ajeer-230	250	2	,	,	PUNCT
ajeer-230	250	3	this	this	DET
ajeer-230	250	4	study	study	NOUN
ajeer-230	250	5	indicates	indicate	VERB
ajeer-230	250	6	that	that	SCONJ
ajeer-230	250	7	saccos	sacco	NOUN
ajeer-230	250	8	’	'	PUNCT
ajeer-230	250	9	specific	specific	ADJ
ajeer-230	250	10	variables	variable	NOUN
ajeer-230	250	11	given	give	VERB
ajeer-230	250	12	nocf	nocf	ADJ
ajeer-230	250	13	slack	slack	NOUN
ajeer-230	250	14	variable	variable	NOUN
ajeer-230	250	15	are	be	AUX
ajeer-230	250	16	significant	significant	ADJ
ajeer-230	250	17	determinants	determinant	NOUN
ajeer-230	250	18	of	of	ADP
ajeer-230	250	19	the	the	DET
ajeer-230	250	20	technical	technical	ADJ
ajeer-230	250	21	inefficiency	inefficiency	NOUN
ajeer-230	250	22	of	of	ADP
ajeer-230	250	23	saccos	saccos	PROPN
ajeer-230	250	24	in	in	ADP
ajeer-230	250	25	kenya	kenya	PROPN
ajeer-230	250	26	and	and	CCONJ
ajeer-230	250	27	that	that	SCONJ
ajeer-230	250	28	the	the	DET
ajeer-230	250	29	saccos	saccos	PROPN
ajeer-230	250	30	operation	operation	NOUN
ajeer-230	250	31	is	be	AUX
ajeer-230	250	32	not	not	PART
ajeer-230	250	33	influenced	influence	VERB
ajeer-230	250	34	by	by	ADP
ajeer-230	250	35	the	the	DET
ajeer-230	250	36	management	management	NOUN
ajeer-230	250	37	influence	influence	NOUN
ajeer-230	250	38	given	give	VERB
ajeer-230	250	39	nocf	nocf	PROPN
ajeer-230	250	40	slack	slack	PROPN
ajeer-230	250	41	.	.	PUNCT
ajeer-230	251	1	6	6	X
ajeer-230	251	2	.	.	X
ajeer-230	251	3	contribution	contribution	NOUN
ajeer-230	251	4	to	to	PART
ajeer-230	251	5	theory	theory	NOUN
ajeer-230	251	6	this	this	DET
ajeer-230	251	7	study	study	NOUN
ajeer-230	251	8	conclusion	conclusion	NOUN
ajeer-230	251	9	is	be	AUX
ajeer-230	251	10	in	in	ADP
ajeer-230	251	11	line	line	NOUN
ajeer-230	251	12	with	with	ADP
ajeer-230	251	13	efficiency	efficiency	NOUN
ajeer-230	251	14	theory	theory	NOUN
ajeer-230	251	15	which	which	PRON
ajeer-230	251	16	states	state	VERB
ajeer-230	251	17	that	that	SCONJ
ajeer-230	251	18	inefficiency	inefficiency	NOUN
ajeer-230	251	19	of	of	ADP
ajeer-230	251	20	decision	decision	NOUN
ajeer-230	251	21	making	make	VERB
ajeer-230	251	22	unit	unit	NOUN
ajeer-230	251	23	decreases	decrease	VERB
ajeer-230	251	24	as	as	ADP
ajeer-230	251	25	cost	cost	NOUN
ajeer-230	251	26	reduces	reduce	NOUN
ajeer-230	251	27	and	and	CCONJ
ajeer-230	251	28	banks	bank	NOUN
ajeer-230	251	29	’	’	PART
ajeer-230	251	30	intermediation	intermediation	NOUN
ajeer-230	251	31	theory	theory	NOUN
ajeer-230	251	32	that	that	PRON
ajeer-230	251	33	postulates	postulate	VERB
ajeer-230	251	34	that	that	SCONJ
ajeer-230	251	35	banks	bank	NOUN
ajeer-230	251	36	’	'	PUNCT
ajeer-230	251	37	efficiency	efficiency	NOUN
ajeer-230	251	38	is	be	AUX
ajeer-230	251	39	positively	positively	ADV
ajeer-230	251	40	related	relate	VERB
ajeer-230	251	41	to	to	ADP
ajeer-230	251	42	profitability	profitability	NOUN
ajeer-230	251	43	.	.	PUNCT
ajeer-230	252	1	the	the	DET
ajeer-230	252	2	study	study	NOUN
ajeer-230	252	3	further	far	ADV
ajeer-230	252	4	strengthens	strengthen	VERB
ajeer-230	252	5	the	the	DET
ajeer-230	252	6	existing	exist	VERB
ajeer-230	252	7	prior	prior	ADJ
ajeer-230	252	8	studies	study	NOUN
ajeer-230	252	9	on	on	ADP
ajeer-230	252	10	influence	influence	NOUN
ajeer-230	252	11	of	of	ADP
ajeer-230	252	12	capital	capital	NOUN
ajeer-230	252	13	adequacy	adequacy	NOUN
ajeer-230	252	14	on	on	ADP
ajeer-230	252	15	inefficiency	inefficiency	NOUN
ajeer-230	252	16	or	or	CCONJ
ajeer-230	252	17	efficiency	efficiency	NOUN
ajeer-230	252	18	of	of	ADP
ajeer-230	252	19	organizations	organization	NOUN
ajeer-230	252	20	.	.	PUNCT
ajeer-230	253	1	it	it	PRON
ajeer-230	253	2	supports	support	VERB
ajeer-230	253	3	the	the	DET
ajeer-230	253	4	theory	theory	NOUN
ajeer-230	253	5	of	of	ADP
ajeer-230	253	6	inefficiency	inefficiency	NOUN
ajeer-230	253	7	.	.	PUNCT
ajeer-230	254	1	further	far	ADV
ajeer-230	254	2	,	,	PUNCT
ajeer-230	254	3	it	it	PRON
ajeer-230	254	4	can	can	AUX
ajeer-230	254	5	be	be	AUX
ajeer-230	254	6	concluded	conclude	VERB
ajeer-230	254	7	that	that	SCONJ
ajeer-230	254	8	random	random	ADJ
ajeer-230	254	9	error	error	NOUN
ajeer-230	254	10	(	(	PUNCT
ajeer-230	254	11	lack	lack	NOUN
ajeer-230	254	12	of	of	ADP
ajeer-230	254	13	management	management	NOUN
ajeer-230	254	14	influence	influence	NOUN
ajeer-230	254	15	)	)	PUNCT
ajeer-230	254	16	is	be	AUX
ajeer-230	254	17	observed	observe	VERB
ajeer-230	254	18	given	give	VERB
ajeer-230	254	19	nocf	nocf	PROPN
ajeer-230	254	20	slack	slack	NOUN
ajeer-230	254	21	with	with	ADP
ajeer-230	254	22	control	control	NOUN
ajeer-230	254	23	variables	variable	NOUN
ajeer-230	254	24	presence	presence	NOUN
ajeer-230	254	25	as	as	SCONJ
ajeer-230	254	26	indicated	indicate	VERB
ajeer-230	254	27	by	by	ADP
ajeer-230	254	28	the	the	DET
ajeer-230	254	29	level	level	NOUN
ajeer-230	254	30	of	of	ADP
ajeer-230	254	31	gamma	gamma	NOUN
ajeer-230	254	32	.	.	PUNCT
ajeer-230	255	1	this	this	DET
ajeer-230	255	2	random	random	ADJ
ajeer-230	255	3	error	error	NOUN
ajeer-230	255	4	aspect	aspect	NOUN
ajeer-230	255	5	signify	signify	VERB
ajeer-230	255	6	the	the	DET
ajeer-230	255	7	little	little	ADJ
ajeer-230	255	8	influence	influence	NOUN
ajeer-230	255	9	of	of	ADP
ajeer-230	255	10	management	management	NOUN
ajeer-230	255	11	in	in	ADP
ajeer-230	255	12	saccos	sacco	NOUN
ajeer-230	255	13	,	,	PUNCT
ajeer-230	255	14	as	as	SCONJ
ajeer-230	255	15	members	member	NOUN
ajeer-230	255	16	’	'	PUNCT
ajeer-230	255	17	active	active	ADJ
ajeer-230	255	18	participation	participation	NOUN
ajeer-230	255	19	may	may	AUX
ajeer-230	255	20	override	override	VERB
ajeer-230	255	21	the	the	DET
ajeer-230	255	22	agency	agency	NOUN
ajeer-230	255	23	problem	problem	NOUN
ajeer-230	255	24	in	in	ADP
ajeer-230	255	25	management	management	NOUN
ajeer-230	255	26	of	of	ADP
ajeer-230	255	27	saccos	sacco	NOUN
ajeer-230	255	28	’	'	PUNCT
ajeer-230	255	29	cash	cash	NOUN
ajeer-230	255	30	flows	flow	NOUN
ajeer-230	255	31	or	or	CCONJ
ajeer-230	255	32	resources	resource	NOUN
ajeer-230	255	33	.	.	PUNCT
ajeer-230	256	1	6.1	6.1	NUM
ajeer-230	256	2	.	.	PUNCT
ajeer-230	256	3	contribution	contribution	NOUN
ajeer-230	256	4	to	to	PART
ajeer-230	256	5	practice	practice	NOUN
ajeer-230	256	6	and	and	CCONJ
ajeer-230	256	7	recommendations	recommendation	NOUN
ajeer-230	256	8	it	it	PRON
ajeer-230	256	9	can	can	AUX
ajeer-230	256	10	be	be	AUX
ajeer-230	256	11	concluded	conclude	VERB
ajeer-230	256	12	that	that	SCONJ
ajeer-230	256	13	the	the	DET
ajeer-230	256	14	identification	identification	NOUN
ajeer-230	256	15	of	of	ADP
ajeer-230	256	16	strong	strong	ADJ
ajeer-230	256	17	saccos	sacco	NOUN
ajeer-230	256	18	’	'	PUNCT
ajeer-230	256	19	inefficiency	inefficiency	NOUN
ajeer-230	256	20	or	or	CCONJ
ajeer-230	256	21	efficiency	efficiency	NOUN
ajeer-230	256	22	over	over	ADP
ajeer-230	256	23	different	different	ADJ
ajeer-230	256	24	years	year	NOUN
ajeer-230	256	25	can	can	AUX
ajeer-230	256	26	be	be	AUX
ajeer-230	256	27	used	use	VERB
ajeer-230	256	28	as	as	ADP
ajeer-230	256	29	benchmark	benchmark	NOUN
ajeer-230	256	30	.	.	PUNCT
ajeer-230	257	1	those	those	DET
ajeer-230	257	2	saccos	sacco	NOUN
ajeer-230	257	3	’	'	PUNCT
ajeer-230	257	4	unique	unique	ADJ
ajeer-230	257	5	features	feature	NOUN
ajeer-230	257	6	can	can	AUX
ajeer-230	257	7	be	be	AUX
ajeer-230	257	8	adopted	adopt	VERB
ajeer-230	257	9	as	as	ADP
ajeer-230	257	10	the	the	DET
ajeer-230	257	11	best	good	ADJ
ajeer-230	257	12	management	management	NOUN
ajeer-230	257	13	practices	practice	NOUN
ajeer-230	257	14	.	.	PUNCT
ajeer-230	258	1	further	far	ADV
ajeer-230	258	2	,	,	PUNCT
ajeer-230	258	3	another	another	DET
ajeer-230	258	4	key	key	ADJ
ajeer-230	258	5	contribution	contribution	NOUN
ajeer-230	258	6	to	to	ADP
ajeer-230	258	7	practice	practice	NOUN
ajeer-230	258	8	is	be	AUX
ajeer-230	258	9	the	the	DET
ajeer-230	258	10	evidence	evidence	NOUN
ajeer-230	258	11	showing	show	VERB
ajeer-230	258	12	that	that	SCONJ
ajeer-230	258	13	nocf	nocf	PROPN
ajeer-230	258	14	slack	slack	VERB
ajeer-230	258	15	with	with	ADP
ajeer-230	258	16	control	control	NOUN
ajeer-230	258	17	variables	variable	NOUN
ajeer-230	258	18	is	be	AUX
ajeer-230	258	19	a	a	DET
ajeer-230	258	20	key	key	ADJ
ajeer-230	258	21	contributor	contributor	NOUN
ajeer-230	258	22	in	in	ADP
ajeer-230	258	23	determining	determine	VERB
ajeer-230	258	24	non	non	ADJ
ajeer-230	258	25	-	-	ADJ
ajeer-230	258	26	management	management	ADJ
ajeer-230	258	27	inefficiencies	inefficiency	NOUN
ajeer-230	258	28	as	as	SCONJ
ajeer-230	258	29	expressed	express	VERB
ajeer-230	258	30	by	by	ADP
ajeer-230	258	31	gamma	gamma	NOUN
ajeer-230	258	32	factor	factor	NOUN
ajeer-230	258	33	.	.	PUNCT
ajeer-230	259	1	the	the	DET
ajeer-230	259	2	study	study	NOUN
ajeer-230	259	3	also	also	ADV
ajeer-230	259	4	concludes	conclude	VERB
ajeer-230	259	5	that	that	SCONJ
ajeer-230	259	6	large	large	ADJ
ajeer-230	259	7	size	size	NOUN
ajeer-230	259	8	saccos	saccos	PROPN
ajeer-230	259	9	exhibit	exhibit	VERB
ajeer-230	259	10	less	less	ADV
ajeer-230	259	11	inefficiency	inefficiency	NOUN
ajeer-230	259	12	characteristics	characteristic	NOUN
ajeer-230	259	13	and	and	CCONJ
ajeer-230	259	14	therefore	therefore	ADV
ajeer-230	259	15	the	the	DET
ajeer-230	259	16	regulators	regulator	NOUN
ajeer-230	259	17	should	should	AUX
ajeer-230	259	18	encourage	encourage	VERB
ajeer-230	259	19	merger	merger	NOUN
ajeer-230	259	20	of	of	ADP
ajeer-230	259	21	small	small	ADJ
ajeer-230	259	22	or	or	CCONJ
ajeer-230	259	23	medium	medium	ADJ
ajeer-230	259	24	size	size	NOUN
ajeer-230	259	25	saccos	sacco	NOUN
ajeer-230	259	26	in	in	ADP
ajeer-230	259	27	the	the	DET
ajeer-230	259	28	economy	economy	NOUN
ajeer-230	259	29	.	.	PUNCT
ajeer-230	260	1	the	the	DET
ajeer-230	260	2	result	result	NOUN
ajeer-230	260	3	also	also	ADV
ajeer-230	260	4	indicates	indicate	VERB
ajeer-230	260	5	that	that	SCONJ
ajeer-230	260	6	financial	financial	ADJ
ajeer-230	260	7	investments	investment	NOUN
ajeer-230	260	8	strongly	strongly	ADV
ajeer-230	260	9	and	and	CCONJ
ajeer-230	260	10	positively	positively	ADV
ajeer-230	260	11	influences	influence	VERB
ajeer-230	260	12	nocf	nocf	PROPN
ajeer-230	260	13	slack	slack	PROPN
ajeer-230	260	14	,	,	PUNCT
ajeer-230	260	15	which	which	PRON
ajeer-230	260	16	agrees	agree	VERB
ajeer-230	260	17	with	with	ADP
ajeer-230	260	18	a	a	DET
ajeer-230	260	19	short	short	ADJ
ajeer-230	260	20	run	run	NOUN
ajeer-230	260	21	expectation	expectation	NOUN
ajeer-230	260	22	in	in	ADP
ajeer-230	260	23	practice	practice	NOUN
ajeer-230	260	24	,	,	PUNCT
ajeer-230	260	25	although	although	SCONJ
ajeer-230	260	26	saccos	sacco	NOUN
ajeer-230	260	27	have	have	VERB
ajeer-230	260	28	a	a	DET
ajeer-230	260	29	core	core	NOUN
ajeer-230	260	30	objective	objective	NOUN
ajeer-230	260	31	of	of	ADP
ajeer-230	260	32	issuing	issue	VERB
ajeer-230	260	33	loans	loan	NOUN
ajeer-230	260	34	to	to	ADP
ajeer-230	260	35	members	member	NOUN
ajeer-230	260	36	in	in	ADP
ajeer-230	260	37	both	both	CCONJ
ajeer-230	260	38	short	short	ADJ
ajeer-230	260	39	and	and	CCONJ
ajeer-230	260	40	long	long	ADJ
ajeer-230	260	41	run	run	NOUN
ajeer-230	260	42	,	,	PUNCT
ajeer-230	260	43	thus	thus	ADV
ajeer-230	260	44	limiting	limit	VERB
ajeer-230	260	45	a	a	DET
ajeer-230	260	46	possibility	possibility	NOUN
ajeer-230	260	47	of	of	ADP
ajeer-230	260	48	the	the	DET
ajeer-230	260	49	idle	idle	ADJ
ajeer-230	260	50	cash	cash	NOUN
ajeer-230	260	51	reserve	reserve	NOUN
ajeer-230	260	52	.	.	PUNCT
ajeer-230	261	1	the	the	DET
ajeer-230	261	2	introduction	introduction	NOUN
ajeer-230	261	3	of	of	ADP
ajeer-230	261	4	variables	variable	NOUN
ajeer-230	261	5	such	such	ADJ
ajeer-230	261	6	as	as	ADP
ajeer-230	261	7	npta	npta	NOUN
ajeer-230	261	8	,	,	PUNCT
ajeer-230	261	9	ca	ca	NOUN
ajeer-230	261	10	,	,	PUNCT
ajeer-230	261	11	and	and	CCONJ
ajeer-230	261	12	fi	fi	NOUN
ajeer-230	261	13	in	in	ADP
ajeer-230	261	14	the	the	DET
ajeer-230	261	15	financial	financial	ADJ
ajeer-230	261	16	reports	report	NOUN
ajeer-230	261	17	of	of	ADP
ajeer-230	261	18	saccos	sacco	NOUN
ajeer-230	261	19	and	and	CCONJ
ajeer-230	261	20	efficiency	efficiency	NOUN
ajeer-230	261	21	benchmarking	benchmarke	VERB
ajeer-230	261	22	using	use	VERB
ajeer-230	261	23	dea	dea	NOUN
ajeer-230	261	24	and	and	CCONJ
ajeer-230	261	25	stochastic	stochastic	ADJ
ajeer-230	261	26	mechanism	mechanism	NOUN
ajeer-230	261	27	are	be	AUX
ajeer-230	261	28	important	important	ADJ
ajeer-230	261	29	in	in	ADP
ajeer-230	261	30	regulation	regulation	NOUN
ajeer-230	261	31	.	.	PUNCT
ajeer-230	262	1	6.2	6.2	NUM
ajeer-230	262	2	.	.	PUNCT
ajeer-230	262	3	suggestions	suggestion	NOUN
ajeer-230	262	4	for	for	ADP
ajeer-230	262	5	further	further	ADJ
ajeer-230	262	6	research	research	NOUN
ajeer-230	262	7	the	the	DET
ajeer-230	262	8	identified	identify	VERB
ajeer-230	262	9	limitation	limitation	NOUN
ajeer-230	262	10	to	to	ADP
ajeer-230	262	11	this	this	DET
ajeer-230	262	12	study	study	NOUN
ajeer-230	262	13	is	be	AUX
ajeer-230	262	14	in	in	ADP
ajeer-230	262	15	the	the	DET
ajeer-230	262	16	area	area	NOUN
ajeer-230	262	17	of	of	ADP
ajeer-230	262	18	drilling	drill	VERB
ajeer-230	262	19	down	down	ADP
ajeer-230	262	20	to	to	ADP
ajeer-230	262	21	specific	specific	ADJ
ajeer-230	262	22	efficient	efficient	ADJ
ajeer-230	262	23	saccos	sacco	NOUN
ajeer-230	262	24	using	use	VERB
ajeer-230	262	25	a	a	DET
ajeer-230	262	26	similar	similar	ADJ
ajeer-230	262	27	approach	approach	NOUN
ajeer-230	262	28	of	of	ADP
ajeer-230	262	29	study	study	NOUN
ajeer-230	262	30	to	to	PART
ajeer-230	262	31	find	find	VERB
ajeer-230	262	32	out	out	ADP
ajeer-230	262	33	at	at	ADP
ajeer-230	262	34	micro	micro	ADJ
ajeer-230	262	35	level	level	NOUN
ajeer-230	262	36	what	what	PRON
ajeer-230	262	37	actually	actually	ADV
ajeer-230	262	38	influences	influence	VERB
ajeer-230	262	39	the	the	DET
ajeer-230	262	40	individual	individual	ADJ
ajeer-230	262	41	inefficient	inefficient	ADJ
ajeer-230	262	42	or	or	CCONJ
ajeer-230	262	43	efficient	efficient	ADJ
ajeer-230	262	44	saccos	sacco	NOUN
ajeer-230	262	45	in	in	ADP
ajeer-230	262	46	the	the	DET
ajeer-230	262	47	sector	sector	NOUN
ajeer-230	262	48	.	.	PUNCT
ajeer-230	263	1	it	it	PRON
ajeer-230	263	2	is	be	AUX
ajeer-230	263	3	expected	expect	VERB
ajeer-230	263	4	that	that	SCONJ
ajeer-230	263	5	this	this	PRON
ajeer-230	263	6	will	will	AUX
ajeer-230	263	7	invite	invite	VERB
ajeer-230	263	8	more	more	ADJ
ajeer-230	263	9	researches	research	NOUN
ajeer-230	263	10	in	in	ADP
ajeer-230	263	11	this	this	DET
ajeer-230	263	12	area	area	NOUN
ajeer-230	263	13	as	as	SCONJ
ajeer-230	263	14	the	the	DET
ajeer-230	263	15	inefficiency	inefficiency	NOUN
ajeer-230	263	16	of	of	ADP
ajeer-230	263	17	saccos	saccos	PROPN
ajeer-230	263	18	over	over	ADP
ajeer-230	263	19	the	the	DET
ajeer-230	263	20	two	two	NUM
ajeer-230	263	21	eras	era	NOUN
ajeer-230	263	22	remained	remain	VERB
ajeer-230	263	23	constant	constant	ADJ
ajeer-230	263	24	.	.	PUNCT
ajeer-230	264	1	other	other	ADJ
ajeer-230	264	2	reasons	reason	NOUN
ajeer-230	264	3	as	as	ADP
ajeer-230	264	4	to	to	ADP
ajeer-230	264	5	why	why	SCONJ
ajeer-230	264	6	nocf	nocf	PROPN
ajeer-230	264	7	slack	slack	NOUN
ajeer-230	264	8	is	be	AUX
ajeer-230	264	9	not	not	PART
ajeer-230	264	10	relevant	relevant	ADJ
ajeer-230	264	11	in	in	ADP
ajeer-230	264	12	identifying	identify	VERB
ajeer-230	264	13	management	management	NOUN
ajeer-230	264	14	influence	influence	NOUN
ajeer-230	264	15	(	(	PUNCT
ajeer-230	264	16	agency	agency	NOUN
ajeer-230	264	17	problem	problem	NOUN
ajeer-230	264	18	)	)	PUNCT
ajeer-230	264	19	should	should	AUX
ajeer-230	264	20	further	far	ADV
ajeer-230	264	21	be	be	AUX
ajeer-230	264	22	researched	research	VERB
ajeer-230	264	23	.	.	PUNCT
ajeer-230	265	1	it	it	PRON
ajeer-230	265	2	may	may	AUX
ajeer-230	265	3	be	be	AUX
ajeer-230	265	4	essential	essential	ADJ
ajeer-230	265	5	to	to	PART
ajeer-230	265	6	consider	consider	VERB
ajeer-230	265	7	other	other	ADJ
ajeer-230	265	8	predictors	predictor	NOUN
ajeer-230	265	9	such	such	ADJ
ajeer-230	265	10	as	as	ADP
ajeer-230	265	11	stock	stock	NOUN
ajeer-230	265	12	price	price	NOUN
ajeer-230	265	13	real	real	ADJ
ajeer-230	265	14	index	index	NOUN
ajeer-230	265	15	,	,	PUNCT
ajeer-230	265	16	growth	growth	NOUN
ajeer-230	265	17	domestic	domestic	ADJ
ajeer-230	265	18	product	product	NOUN
ajeer-230	265	19	real	real	ADJ
ajeer-230	265	20	index	index	NOUN
ajeer-230	265	21	,	,	PUNCT
ajeer-230	265	22	income	income	NOUN
ajeer-230	265	23	of	of	ADP
ajeer-230	265	24	individual	individual	ADJ
ajeer-230	265	25	members	member	NOUN
ajeer-230	265	26	and	and	CCONJ
ajeer-230	265	27	the	the	DET
ajeer-230	265	28	square	square	NOUN
ajeer-230	265	29	of	of	ADP
ajeer-230	265	30	age	age	NOUN
ajeer-230	265	31	.	.	PUNCT
ajeer-230	266	1	the	the	DET
ajeer-230	266	2	comparative	comparative	ADJ
ajeer-230	266	3	inefficiency	inefficiency	NOUN
ajeer-230	266	4	study	study	NOUN
ajeer-230	266	5	on	on	ADP
ajeer-230	266	6	non	non	ADJ
ajeer-230	266	7	-	-	ADJ
ajeer-230	266	8	deposit	deposit	NOUN
ajeer-230	266	9	and	and	CCONJ
ajeer-230	266	10	deposit	deposit	NOUN
ajeer-230	266	11	taking	take	VERB
ajeer-230	266	12	saccos	sacco	NOUN
ajeer-230	266	13	should	should	AUX
ajeer-230	266	14	also	also	ADV
ajeer-230	266	15	be	be	AUX
ajeer-230	266	16	studied	study	VERB
ajeer-230	266	17	in	in	ADP
ajeer-230	266	18	the	the	DET
ajeer-230	266	19	future	future	ADJ
ajeer-230	266	20	research	research	NOUN
ajeer-230	266	21	.	.	PUNCT
ajeer-230	267	1	references	reference	NOUN
ajeer-230	267	2	adams	adams	PROPN
ajeer-230	267	3	,	,	PUNCT
ajeer-230	267	4	r.b	r.b	PROPN
ajeer-230	267	5	.	.	PROPN
ajeer-230	267	6	and	and	CCONJ
ajeer-230	267	7	d.	d.	PROPN
ajeer-230	267	8	ferreira	ferreira	PROPN
ajeer-230	267	9	,	,	PUNCT
ajeer-230	267	10	2008	2008	NUM
ajeer-230	267	11	.	.	PUNCT
ajeer-230	268	1	women	woman	NOUN
ajeer-230	268	2	in	in	ADP
ajeer-230	268	3	the	the	DET
ajeer-230	268	4	board	board	NOUN
ajeer-230	268	5	room	room	NOUN
ajeer-230	268	6	and	and	CCONJ
ajeer-230	268	7	their	their	PRON
ajeer-230	268	8	impact	impact	NOUN
ajeer-230	268	9	on	on	ADP
ajeer-230	268	10	governance	governance	NOUN
ajeer-230	268	11	and	and	CCONJ
ajeer-230	268	12	performance	performance	NOUN
ajeer-230	268	13	.	.	PUNCT
ajeer-230	269	1	journal	journal	NOUN
ajeer-230	269	2	of	of	ADP
ajeer-230	269	3	financial	financial	ADJ
ajeer-230	269	4	economics	economic	NOUN
ajeer-230	269	5	,	,	PUNCT
ajeer-230	269	6	94(2	94(2	NUM
ajeer-230	269	7	):	):	PUNCT
ajeer-230	269	8	291	291	NUM
ajeer-230	269	9	-	-	SYM
ajeer-230	269	10	309	309	NUM
ajeer-230	269	11	.	.	PUNCT
ajeer-230	270	1	aigner	aigner	NOUN
ajeer-230	270	2	,	,	PUNCT
ajeer-230	270	3	d.j	d.j	PROPN
ajeer-230	270	4	.	.	PROPN
ajeer-230	270	5	,	,	PUNCT
ajeer-230	270	6	c.a.k	c.a.k	PROPN
ajeer-230	270	7	.	.	PUNCT
ajeer-230	270	8	lovell	lovell	PROPN
ajeer-230	270	9	and	and	CCONJ
ajeer-230	270	10	p.	p.	PROPN
ajeer-230	270	11	schmidt	schmidt	PROPN
ajeer-230	270	12	,	,	PUNCT
ajeer-230	270	13	1977	1977	NUM
ajeer-230	270	14	.	.	PUNCT
ajeer-230	271	1	formulation	formulation	NOUN
ajeer-230	271	2	and	and	CCONJ
ajeer-230	271	3	estimation	estimation	NOUN
ajeer-230	271	4	of	of	ADP
ajeer-230	271	5	stochastic	stochastic	ADJ
ajeer-230	271	6	frontier	frontier	NOUN
ajeer-230	271	7	production	production	NOUN
ajeer-230	271	8	function	function	NOUN
ajeer-230	271	9	models	model	NOUN
ajeer-230	271	10	.	.	PUNCT
ajeer-230	272	1	journal	journal	NOUN
ajeer-230	272	2	of	of	ADP
ajeer-230	272	3	econometrics	econometric	NOUN
ajeer-230	272	4	,	,	PUNCT
ajeer-230	272	5	6(1	6(1	NUM
ajeer-230	272	6	):	):	PUNCT
ajeer-230	272	7	21	21	NUM
ajeer-230	272	8	-	-	SYM
ajeer-230	272	9	37	37	NUM
ajeer-230	272	10	.	.	PUNCT
ajeer-230	273	1	view	view	NOUN
ajeer-230	273	2	at	at	ADP
ajeer-230	273	3	google	google	PROPN
ajeer-230	273	4	scholar	scholar	NOUN
ajeer-230	273	5	|	|	ADV
ajeer-230	273	6	view	view	NOUN
ajeer-230	273	7	at	at	ADP
ajeer-230	273	8	publisher	publisher	NOUN
ajeer-230	273	9	banker	banker	NOUN
ajeer-230	273	10	,	,	PUNCT
ajeer-230	273	11	r.d	r.d	PROPN
ajeer-230	273	12	.	.	PROPN
ajeer-230	273	13	,	,	PUNCT
ajeer-230	273	14	a.	a.	NOUN
ajeer-230	273	15	charnes	charne	NOUN
ajeer-230	273	16	and	and	CCONJ
ajeer-230	273	17	w.w	w.w	PROPN
ajeer-230	273	18	.	.	PROPN
ajeer-230	273	19	cooper	cooper	PROPN
ajeer-230	273	20	,	,	PUNCT
ajeer-230	273	21	1984	1984	NUM
ajeer-230	273	22	.	.	PUNCT
ajeer-230	274	1	some	some	DET
ajeer-230	274	2	models	model	NOUN
ajeer-230	274	3	for	for	ADP
ajeer-230	274	4	estimating	estimate	VERB
ajeer-230	274	5	technical	technical	ADJ
ajeer-230	274	6	and	and	CCONJ
ajeer-230	274	7	scale	scale	NOUN
ajeer-230	274	8	inefficiencies	inefficiency	NOUN
ajeer-230	274	9	in	in	ADP
ajeer-230	274	10	data	datum	NOUN
ajeer-230	274	11	envelopment	envelopment	ADJ
ajeer-230	274	12	analysis	analysis	NOUN
ajeer-230	274	13	.	.	PUNCT
ajeer-230	275	1	management	management	NOUN
ajeer-230	275	2	science	science	NOUN
ajeer-230	275	3	,	,	PUNCT
ajeer-230	275	4	30(9	30(9	NUM
ajeer-230	275	5	):	):	PUNCT
ajeer-230	275	6	1078	1078	NUM
ajeer-230	275	7	-	-	SYM
ajeer-230	275	8	1092	1092	NUM
ajeer-230	275	9	.	.	PUNCT
ajeer-230	276	1	view	view	NOUN
ajeer-230	276	2	at	at	ADP
ajeer-230	276	3	google	google	PROPN
ajeer-230	276	4	scholar	scholar	NOUN
ajeer-230	276	5	|	|	ADV
ajeer-230	276	6	view	view	NOUN
ajeer-230	276	7	at	at	ADP
ajeer-230	276	8	publisher	publisher	NOUN
ajeer-230	276	9	barth	barth	PROPN
ajeer-230	276	10	,	,	PUNCT
ajeer-230	276	11	m.e	m.e	PROPN
ajeer-230	276	12	.	.	PROPN
ajeer-230	276	13	,	,	PUNCT
ajeer-230	276	14	w.	w.	PROPN
ajeer-230	276	15	landsman	landsman	NOUN
ajeer-230	276	16	and	and	CCONJ
ajeer-230	276	17	m.	m.	PROPN
ajeer-230	276	18	lang	lang	PROPN
ajeer-230	276	19	,	,	PUNCT
ajeer-230	276	20	2007	2007	NUM
ajeer-230	276	21	.	.	PUNCT
ajeer-230	277	1	international	international	ADJ
ajeer-230	277	2	accounting	accounting	NOUN
ajeer-230	277	3	standards	standard	NOUN
ajeer-230	277	4	and	and	CCONJ
ajeer-230	277	5	accounting	accounting	NOUN
ajeer-230	277	6	quality	quality	NOUN
ajeer-230	277	7	.	.	PUNCT
ajeer-230	278	1	graduate	graduate	NOUN
ajeer-230	278	2	school	school	NOUN
ajeer-230	278	3	of	of	ADP
ajeer-230	278	4	business	business	NOUN
ajeer-230	278	5	,	,	PUNCT
ajeer-230	278	6	stanford	stanford	PROPN
ajeer-230	278	7	university	university	PROPN
ajeer-230	278	8	,	,	PUNCT
ajeer-230	278	9	research	research	NOUN
ajeer-230	278	10	paper	paper	NOUN
ajeer-230	278	11	no	no	NOUN
ajeer-230	278	12	.	.	PROPN
ajeer-230	278	13	1976	1976	NUM
ajeer-230	278	14	.	.	PUNCT
ajeer-230	279	1	available	available	ADJ
ajeer-230	279	2	from	from	ADP
ajeer-230	279	3	http:/papers.ssrn.com	http:/papers.ssrn.com	PROPN
ajeer-230	279	4	/	/	SYM
ajeer-230	279	5	sol3	sol3	NOUN
ajeer-230	279	6	/	/	SYM
ajeer-230	279	7	papers.cfm?abstractid=688041	papers.cfm?abstractid=688041	NOUN
ajeer-230	280	1	[	[	X
ajeer-230	280	2	accessed	access	VERB
ajeer-230	280	3	17	17	NUM
ajeer-230	280	4	february	february	NOUN
ajeer-230	280	5	2013	2013	NUM
ajeer-230	280	6	]	]	PUNCT
ajeer-230	280	7	.	.	PUNCT
ajeer-230	281	1	barus	barus	PROPN
ajeer-230	281	2	,	,	PUNCT
ajeer-230	281	3	j.j	j.j	PROPN
ajeer-230	281	4	.	.	PROPN
ajeer-230	281	5	,	,	PUNCT
ajeer-230	281	6	w.	w.	PROPN
ajeer-230	281	7	muturi	muturi	PROPN
ajeer-230	281	8	and	and	CCONJ
ajeer-230	281	9	p.	p.	PROPN
ajeer-230	281	10	kibati	kibati	PROPN
ajeer-230	281	11	,	,	PUNCT
ajeer-230	281	12	2017	2017	NUM
ajeer-230	281	13	.	.	PUNCT
ajeer-230	282	1	effects	effect	NOUN
ajeer-230	282	2	of	of	ADP
ajeer-230	282	3	management	management	NOUN
ajeer-230	282	4	efficiency	efficiency	NOUN
ajeer-230	282	5	on	on	ADP
ajeer-230	282	6	financial	financial	ADJ
ajeer-230	282	7	performance	performance	NOUN
ajeer-230	282	8	of	of	ADP
ajeer-230	282	9	savings	saving	NOUN
ajeer-230	282	10	and	and	CCONJ
ajeer-230	282	11	credit	credit	NOUN
ajeer-230	282	12	societies	society	NOUN
ajeer-230	282	13	in	in	ADP
ajeer-230	282	14	kenya	kenya	PROPN
ajeer-230	282	15	.	.	PUNCT
ajeer-230	283	1	journal	journal	PROPN
ajeer-230	283	2	of	of	ADP
ajeer-230	283	3	strategic	strategic	ADJ
ajeer-230	283	4	management	management	NOUN
ajeer-230	283	5	,	,	PUNCT
ajeer-230	283	6	2(1	2(1	NUM
ajeer-230	283	7	):	):	PUNCT
ajeer-230	283	8	92	92	NUM
ajeer-230	283	9	-	-	SYM
ajeer-230	283	10	104	104	NUM
ajeer-230	283	11	.	.	PUNCT
ajeer-230	284	1	view	view	NOUN
ajeer-230	284	2	at	at	ADP
ajeer-230	284	3	google	google	PROPN
ajeer-230	284	4	scholar	scholar	PROPN
ajeer-230	284	5	battese	battese	PROPN
ajeer-230	284	6	,	,	PUNCT
ajeer-230	284	7	g.e	g.e	PROPN
ajeer-230	284	8	.	.	PROPN
ajeer-230	285	1	and	and	CCONJ
ajeer-230	285	2	t.j	t.j	PROPN
ajeer-230	285	3	.	.	PROPN
ajeer-230	285	4	coelli	coelli	PROPN
ajeer-230	285	5	,	,	PUNCT
ajeer-230	285	6	1995	1995	NUM
ajeer-230	285	7	.	.	PUNCT
ajeer-230	286	1	a	a	DET
ajeer-230	286	2	model	model	NOUN
ajeer-230	286	3	for	for	ADP
ajeer-230	286	4	technical	technical	ADJ
ajeer-230	286	5	inefficiency	inefficiency	NOUN
ajeer-230	286	6	effects	effect	NOUN
ajeer-230	286	7	in	in	ADP
ajeer-230	286	8	a	a	DET
ajeer-230	286	9	stochastic	stochastic	ADJ
ajeer-230	286	10	frontier	frontier	NOUN
ajeer-230	286	11	production	production	NOUN
ajeer-230	286	12	function	function	NOUN
ajeer-230	286	13	for	for	ADP
ajeer-230	286	14	panel	panel	NOUN
ajeer-230	286	15	data	datum	NOUN
ajeer-230	286	16	.	.	PUNCT
ajeer-230	287	1	empirical	empirical	ADJ
ajeer-230	287	2	economics	economic	NOUN
ajeer-230	287	3	,	,	PUNCT
ajeer-230	287	4	20(2	20(2	NUM
ajeer-230	287	5	):	):	PUNCT
ajeer-230	287	6	325	325	NUM
ajeer-230	287	7	-	-	SYM
ajeer-230	287	8	332	332	NUM
ajeer-230	287	9	.	.	PUNCT
ajeer-230	288	1	view	view	NOUN
ajeer-230	288	2	at	at	ADP
ajeer-230	288	3	google	google	PROPN
ajeer-230	288	4	scholar	scholar	NOUN
ajeer-230	288	5	|	|	ADV
ajeer-230	288	6	view	view	NOUN
ajeer-230	288	7	at	at	ADP
ajeer-230	288	8	publisher	publisher	PROPN
ajeer-230	288	9	beasley	beasley	PROPN
ajeer-230	288	10	,	,	PUNCT
ajeer-230	288	11	j.e	j.e	PROPN
ajeer-230	288	12	.	.	PROPN
ajeer-230	288	13	,	,	PUNCT
ajeer-230	288	14	1996	1996	NUM
ajeer-230	288	15	.	.	PUNCT
ajeer-230	289	1	operation	operation	NOUN
ajeer-230	289	2	research	research	NOUN
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ajeer-230	290	1	retrieved	retrieve	VERB
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ajeer-230	290	9	]	]	PUNCT
ajeer-230	290	10	.	.	PUNCT
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ajeer-230	291	2	,	,	PUNCT
ajeer-230	291	3	r.a	r.a	PROPN
ajeer-230	291	4	.	.	PROPN
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ajeer-230	291	6	s.c	s.c	PROPN
ajeer-230	291	7	.	.	PROPN
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ajeer-230	291	9	,	,	PUNCT
ajeer-230	291	10	1981	1981	NUM
ajeer-230	291	11	.	.	PUNCT
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ajeer-230	292	2	of	of	ADP
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ajeer-230	292	5	.	.	PUNCT
ajeer-230	293	1	new	new	PROPN
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ajeer-230	293	3	:	:	PUNCT
ajeer-230	293	4	mcgraw	mcgraw	PROPN
ajeer-230	293	5	-	-	PUNCT
ajeer-230	293	6	hill	hill	NOUN
ajeer-230	293	7	book	book	NOUN
ajeer-230	293	8	company	company	NOUN
ajeer-230	293	9	.	.	PUNCT
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ajeer-230	294	2	,	,	PUNCT
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ajeer-230	294	4	,	,	PUNCT
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ajeer-230	294	6	.	.	PUNCT
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ajeer-230	295	2	or	or	CCONJ
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ajeer-230	296	1	pitfalls	pitfall	NOUN
ajeer-230	296	2	and	and	CCONJ
ajeer-230	296	3	protocols	protocol	NOUN
ajeer-230	296	4	for	for	ADP
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ajeer-230	296	7	in	in	ADP
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ajeer-230	296	9	services	service	NOUN
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ajeer-230	296	11	.	.	PUNCT
ajeer-230	297	1	european	european	PROPN
ajeer-230	297	2	journal	journal	PROPN
ajeer-230	297	3	of	of	ADP
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ajeer-230	297	5	,	,	PUNCT
ajeer-230	297	6	174(2	174(2	NUM
ajeer-230	297	7	):	):	PUNCT
ajeer-230	297	8	1100	1100	NUM
ajeer-230	297	9	-	-	SYM
ajeer-230	297	10	1116	1116	NUM
ajeer-230	297	11	.	.	PUNCT
ajeer-230	298	1	view	view	NOUN
ajeer-230	298	2	at	at	ADP
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ajeer-230	298	4	scholar	scholar	NOUN
ajeer-230	298	5	|	|	ADV
ajeer-230	298	6	view	view	NOUN
ajeer-230	298	7	at	at	ADP
ajeer-230	298	8	publisher	publisher	NOUN
ajeer-230	298	9	brown	brown	PROPN
ajeer-230	298	10	,	,	PUNCT
ajeer-230	298	11	r.	r.	PROPN
ajeer-230	298	12	and	and	CCONJ
ajeer-230	298	13	i.	i.	PROPN
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ajeer-230	298	15	,	,	PUNCT
ajeer-230	298	16	1999	1999	NUM
ajeer-230	298	17	.	.	PUNCT
ajeer-230	299	1	efficiencybond	efficiencybond	NOUN
ajeer-230	299	2	of	of	ADP
ajeer-230	299	3	association	association	NOUN
ajeer-230	299	4	and	and	CCONJ
ajeer-230	299	5	exit	exit	NOUN
ajeer-230	299	6	patterns	pattern	NOUN
ajeer-230	299	7	in	in	ADP
ajeer-230	299	8	credit	credit	NOUN
ajeer-230	299	9	unions	union	NOUN
ajeer-230	299	10	:	:	PUNCT
ajeer-230	299	11	austrialian	austrialian	ADJ
ajeer-230	299	12	evidence	evidence	NOUN
ajeer-230	299	13	.	.	PUNCT
ajeer-230	300	1	annals	annal	NOUN
ajeer-230	300	2	of	of	ADP
ajeer-230	300	3	public	public	ADJ
ajeer-230	300	4	and	and	CCONJ
ajeer-230	300	5	co	co	ADJ
ajeer-230	300	6	-	-	ADJ
ajeer-230	300	7	operative	operative	ADJ
ajeer-230	300	8	economics	economic	NOUN
ajeer-230	300	9	,	,	PUNCT
ajeer-230	300	10	70(1	70(1	NUM
ajeer-230	300	11	):	):	PUNCT
ajeer-230	300	12	5	5	NUM
ajeer-230	300	13	-	-	SYM
ajeer-230	300	14	23	23	NUM
ajeer-230	300	15	.	.	PUNCT
ajeer-230	301	1	view	view	NOUN
ajeer-230	301	2	at	at	ADP
ajeer-230	301	3	google	google	PROPN
ajeer-230	301	4	scholar	scholar	NOUN
ajeer-230	301	5	|	|	ADV
ajeer-230	301	6	view	view	NOUN
ajeer-230	301	7	at	at	ADP
ajeer-230	301	8	publisher	publisher	PROPN
ajeer-230	301	9	caprio	caprio	PROPN
ajeer-230	301	10	,	,	PUNCT
ajeer-230	301	11	g.	g.	PROPN
ajeer-230	301	12	,	,	PUNCT
ajeer-230	301	13	l.	l.	PROPN
ajeer-230	301	14	laeven	laeven	PROPN
ajeer-230	301	15	and	and	CCONJ
ajeer-230	301	16	r.	r.	PROPN
ajeer-230	301	17	levine	levine	PROPN
ajeer-230	301	18	,	,	PUNCT
ajeer-230	301	19	2003	2003	NUM
ajeer-230	301	20	.	.	PUNCT
ajeer-230	302	1	governance	governance	NOUN
ajeer-230	302	2	and	and	CCONJ
ajeer-230	302	3	bank	bank	NOUN
ajeer-230	302	4	valuation	valuation	NOUN
ajeer-230	302	5	.	.	PUNCT
ajeer-230	303	1	working	work	VERB
ajeer-230	303	2	paper	paper	PROPN
ajeer-230	303	3	no	no	NOUN
ajeer-230	303	4	.	.	PROPN
ajeer-230	303	5	10158	10158	NUM
ajeer-230	303	6	,	,	PUNCT
ajeer-230	303	7	national	national	ADJ
ajeer-230	303	8	bureau	bureau	NOUN
ajeer-230	303	9	of	of	ADP
ajeer-230	303	10	economic	economic	ADJ
ajeer-230	303	11	research	research	NOUN
ajeer-230	303	12	.	.	PUNCT
ajeer-230	304	1	chavez	chavez	PROPN
ajeer-230	304	2	,	,	PUNCT
ajeer-230	304	3	j.	j.	PROPN
ajeer-230	304	4	,	,	PUNCT
ajeer-230	304	5	2006	2006	NUM
ajeer-230	304	6	.	.	PUNCT
ajeer-230	305	1	impact	impact	NOUN
ajeer-230	305	2	study	study	NOUN
ajeer-230	305	3	on	on	ADP
ajeer-230	305	4	the	the	DET
ajeer-230	305	5	sacco	sacco	ADJ
ajeer-230	305	6	regulatory	regulatory	ADJ
ajeer-230	305	7	framework	framework	NOUN
ajeer-230	305	8	in	in	ADP
ajeer-230	305	9	kenya	kenya	PROPN
ajeer-230	305	10	.	.	PUNCT
ajeer-230	306	1	mocdm	mocdm	PROPN
ajeer-230	306	2	and	and	CCONJ
ajeer-230	306	3	world	world	PROPN
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ajeer-230	306	5	of	of	ADP
ajeer-230	306	6	credit	credit	NOUN
ajeer-230	306	7	unions	union	NOUN
ajeer-230	306	8	,	,	PUNCT
ajeer-230	306	9	18	18	NUM
ajeer-230	306	10	.	.	PUNCT
ajeer-230	306	11	coelli	coelli	PROPN
ajeer-230	306	12	,	,	PUNCT
ajeer-230	306	13	t.	t.	PROPN
ajeer-230	306	14	,	,	PUNCT
ajeer-230	306	15	p.	p.	NOUN
ajeer-230	306	16	rao	rao	PROPN
ajeer-230	306	17	and	and	CCONJ
ajeer-230	306	18	g.	g.	PROPN
ajeer-230	306	19	battese	battese	PROPN
ajeer-230	306	20	,	,	PUNCT
ajeer-230	306	21	1997	1997	NUM
ajeer-230	306	22	.	.	PUNCT
ajeer-230	307	1	an	an	DET
ajeer-230	307	2	introduction	introduction	NOUN
ajeer-230	307	3	to	to	ADP
ajeer-230	307	4	efficiency	efficiency	NOUN
ajeer-230	307	5	and	and	CCONJ
ajeer-230	307	6	productivity	productivity	NOUN
ajeer-230	307	7	analysis	analysis	NOUN
ajeer-230	307	8	.	.	PUNCT
ajeer-230	308	1	boston	boston	PROPN
ajeer-230	308	2	:	:	PUNCT
ajeer-230	308	3	kluwer	kluwer	PROPN
ajeer-230	308	4	.	.	PUNCT
ajeer-230	309	1	coelli	coelli	PROPN
ajeer-230	309	2	,	,	PUNCT
ajeer-230	309	3	t.	t.	PROPN
ajeer-230	309	4	,	,	PUNCT
ajeer-230	309	5	p.	p.	PROPN
ajeer-230	309	6	rao	rao	PROPN
ajeer-230	309	7	,	,	PUNCT
ajeer-230	309	8	c.j	c.j	PROPN
ajeer-230	309	9	.	.	PROPN
ajeer-230	309	10	o’donnel	o’donnel	PROPN
ajeer-230	309	11	and	and	CCONJ
ajeer-230	309	12	g.	g.	PROPN
ajeer-230	309	13	battese	battese	PROPN
ajeer-230	309	14	,	,	PUNCT
ajeer-230	309	15	2005	2005	NUM
ajeer-230	309	16	.	.	PUNCT
ajeer-230	310	1	an	an	DET
ajeer-230	310	2	introduction	introduction	NOUN
ajeer-230	310	3	to	to	ADP
ajeer-230	310	4	efficiency	efficiency	NOUN
ajeer-230	310	5	and	and	CCONJ
ajeer-230	310	6	productivity	productivity	NOUN
ajeer-230	310	7	analysis	analysis	NOUN
ajeer-230	310	8	.	.	PUNCT
ajeer-230	311	1	new	new	PROPN
ajeer-230	311	2	york	york	PROPN
ajeer-230	311	3	:	:	PUNCT
ajeer-230	311	4	spring	spring	NOUN
ajeer-230	311	5	science	science	NOUN
ajeer-230	311	6	and	and	CCONJ
ajeer-230	311	7	business	business	NOUN
ajeer-230	311	8	media	medium	NOUN
ajeer-230	311	9	.	.	PUNCT
ajeer-230	312	1	cok	cok	VERB
ajeer-230	312	2	,	,	PUNCT
ajeer-230	312	3	2010	2010	NUM
ajeer-230	312	4	.	.	PUNCT
ajeer-230	313	1	the	the	DET
ajeer-230	313	2	constitution	constitution	NOUN
ajeer-230	313	3	of	of	ADP
ajeer-230	313	4	kenya	kenya	PROPN
ajeer-230	313	5	.	.	PUNCT
ajeer-230	314	1	4th	4th	ADJ
ajeer-230	314	2	schedule	schedule	NOUN
ajeer-230	314	3	.	.	PUNCT
ajeer-230	315	1	kenya	kenya	PROPN
ajeer-230	315	2	law	law	PROPN
ajeer-230	315	3	reports	report	VERB
ajeer-230	315	4	.	.	PUNCT
ajeer-230	316	1	retrieved	retrieve	VERB
ajeer-230	316	2	from	from	ADP
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ajeer-230	316	4	.	.	PUNCT
ajeer-230	317	1	cooper	cooper	PROPN
ajeer-230	317	2	,	,	PUNCT
ajeer-230	317	3	w.w	w.w	PROPN
ajeer-230	317	4	.	.	PROPN
ajeer-230	317	5	,	,	PUNCT
ajeer-230	317	6	l.m	l.m	PROPN
ajeer-230	317	7	.	.	PROPN
ajeer-230	317	8	seaford	seaford	PROPN
ajeer-230	317	9	and	and	CCONJ
ajeer-230	317	10	k.	k.	PROPN
ajeer-230	317	11	tone	tone	PROPN
ajeer-230	317	12	,	,	PUNCT
ajeer-230	317	13	2007	2007	NUM
ajeer-230	317	14	.	.	PUNCT
ajeer-230	318	1	data	datum	NOUN
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ajeer-230	318	3	analysis	analysis	NOUN
ajeer-230	318	4	:	:	PUNCT
ajeer-230	318	5	a	a	DET
ajeer-230	318	6	comprehensive	comprehensive	ADJ
ajeer-230	318	7	text	text	NOUN
ajeer-230	318	8	models	model	NOUN
ajeer-230	318	9	application	application	NOUN
ajeer-230	318	10	references	reference	NOUN
ajeer-230	318	11	and	and	CCONJ
ajeer-230	318	12	deasolver	deasolver	NOUN
ajeer-230	318	13	software	software	NOUN
ajeer-230	318	14	,	,	PUNCT
ajeer-230	318	15	2nd	2nd	ADJ
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ajeer-230	318	17	.	.	PUNCT
ajeer-230	319	1	cooper	cooper	PROPN
ajeer-230	319	2	,	,	PUNCT
ajeer-230	319	3	w.w	w.w	PROPN
ajeer-230	319	4	.	.	PROPN
ajeer-230	319	5	,	,	PUNCT
ajeer-230	319	6	l.m	l.m	PROPN
ajeer-230	319	7	.	.	PROPN
ajeer-230	319	8	seaford	seaford	PROPN
ajeer-230	319	9	and	and	CCONJ
ajeer-230	319	10	j.	j.	PROPN
ajeer-230	319	11	zhu	zhu	PROPN
ajeer-230	319	12	,	,	PUNCT
ajeer-230	319	13	2011	2011	NUM
ajeer-230	319	14	.	.	PUNCT
ajeer-230	320	1	data	datum	NOUN
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ajeer-230	320	3	analysis	analysis	NOUN
ajeer-230	320	4	:	:	PUNCT
ajeer-230	320	5	history	history	NOUN
ajeer-230	320	6	,	,	PUNCT
ajeer-230	320	7	models	model	NOUN
ajeer-230	320	8	and	and	CCONJ
ajeer-230	320	9	interpretations	interpretation	NOUN
ajeer-230	320	10	-	-	PUNCT
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ajeer-230	320	12	on	on	ADP
ajeer-230	320	13	data	datum	NOUN
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ajeer-230	320	15	analysis	analysis	NOUN
ajeer-230	320	16	.	.	PUNCT
ajeer-230	321	1	international	international	ADJ
ajeer-230	321	2	series	series	NOUN
ajeer-230	321	3	in	in	ADP
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ajeer-230	321	5	research	research	NOUN
ajeer-230	321	6	and	and	CCONJ
ajeer-230	321	7	management	management	NOUN
ajeer-230	321	8	science	science	NOUN
ajeer-230	321	9	.	.	PUNCT
ajeer-230	322	1	us	we	PRON
ajeer-230	322	2	:	:	PUNCT
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ajeer-230	322	4	:	:	PUNCT
ajeer-230	322	5	1	1	NUM
ajeer-230	322	6	-	-	SYM
ajeer-230	322	7	39	39	NUM
ajeer-230	322	8	.	.	PUNCT
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ajeer-230	323	2	,	,	PUNCT
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ajeer-230	323	5	and	and	CCONJ
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ajeer-230	323	7	zi	zi	PROPN
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ajeer-230	323	10	.	.	PUNCT
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ajeer-230	324	2	of	of	ADP
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ajeer-230	324	6	:	:	PUNCT
ajeer-230	324	7	an	an	DET
ajeer-230	324	8	application	application	NOUN
ajeer-230	324	9	to	to	ADP
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ajeer-230	326	10	http://dx.doi.org/10.1016/0304-4076(77)90052-5	http://dx.doi.org/10.1016/0304-4076(77)90052-5	PROPN
ajeer-230	326	11	https://scholar.google.com/scholar?hl=en&q=some%20models%20for%20estimating%20technical%20and%20scale%20inefficiencies%20in%20data%20envelopment%20analysis	https://scholar.google.com/scholar?hl=en&q=some%20models%20for%20estimating%20technical%20and%20scale%20inefficiencies%20in%20data%20envelopment%20analysis	PROPN
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ajeer-230	326	13	https://scholar.google.com/scholar?hl=en&q=effects%20of%20management%20efficiency%20on%20financial%20performance%20of%20savings%20and%20credit%20societies%20in%20kenya	https://scholar.google.com/scholar?hl=en&q=effects%20of%20management%20efficiency%20on%20financial%20performance%20of%20savings%20and%20credit%20societies%20in%20kenya	PROPN
ajeer-230	326	14	https://scholar.google.com/scholar?hl=en&q=a%20model%20for%20technical%20inefficiency%20effects%20in%20a%20stochastic%20frontier%20production%20function%20for%20panel%20data	https://scholar.google.com/scholar?hl=en&q=a%20model%20for%20technical%20inefficiency%20effects%20in%20a%20stochastic%20frontier%20production%20function%20for%20panel%20data	VERB
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ajeer-230	326	16	http://people.brunel.ac.uk/-mastijb/jeb/or/dea.htm	http://people.brunel.ac.uk/-mastijb/jeb/or/dea.htm	PROPN
ajeer-230	326	17	https://scholar.google.com/scholar?hl=en&q=mismanagement%20or%20mis-measurement?%20pitfalls%20and%20protocols%20for%20dea%20studies%20in%20financial%20services%20sector	https://scholar.google.com/scholar?hl=en&q=mismanagement%20or%20mis-measurement?%20pitfalls%20and%20protocols%20for%20dea%20studies%20in%20financial%20services%20sector	NOUN
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ajeer-230	326	20	http://dx.doi.org/10.1111/1467-8292.00097	http://dx.doi.org/10.1111/1467-8292.00097	PROPN
ajeer-230	326	21	http://www.kenyalaw.org/	http://www.kenyalaw.org/	ADJ
ajeer-230	326	22	https://scholar.google.com/scholar?hl=en&q=comparison%20of%20frontier%20efficiency%20methods:%20an%20application%20to%20the%20u.s%20life%20insurance%20industry	https://scholar.google.com/scholar?hl=en&q=comparison%20of%20frontier%20efficiency%20methods:%20an%20application%20to%20the%20u.s%20life%20insurance%20industry	NOUN
ajeer-230	326	23	http://dx.doi.org/10.1023/a:1026402922367	http://dx.doi.org/10.1023/a:1026402922367	PROPN
ajeer-230	326	24	asian	asian	PROPN
ajeer-230	326	25	journal	journal	NOUN
ajeer-230	326	26	of	of	ADP
ajeer-230	326	27	economics	economic	NOUN
ajeer-230	326	28	and	and	CCONJ
ajeer-230	326	29	empirical	empirical	ADJ
ajeer-230	326	30	research	research	NOUN
ajeer-230	326	31	,	,	PUNCT
ajeer-230	326	32	2017	2017	NUM
ajeer-230	326	33	,	,	PUNCT
ajeer-230	326	34	4(2	4(2	NUM
ajeer-230	326	35	):	):	PUNCT
ajeer-230	326	36	49	49	NUM
ajeer-230	326	37	-	-	SYM
ajeer-230	326	38	60	60	NUM
ajeer-230	326	39	58	58	NUM
ajeer-230	326	40	emerson	emerson	NOUN
ajeer-230	326	41	,	,	PUNCT
ajeer-230	326	42	s.	s.	PROPN
ajeer-230	326	43	and	and	CCONJ
ajeer-230	326	44	k.	k.	PROPN
ajeer-230	326	45	wiren	wiren	PROPN
ajeer-230	326	46	,	,	PUNCT
ajeer-230	326	47	2005	2005	NUM
ajeer-230	326	48	.	.	PUNCT
ajeer-230	327	1	malawi	malawi	PROPN
ajeer-230	327	2	union	union	PROPN
ajeer-230	327	3	of	of	ADP
ajeer-230	327	4	savings	saving	NOUN
ajeer-230	327	5	and	and	CCONJ
ajeer-230	327	6	credit	credit	NOUN
ajeer-230	327	7	cooperatives	cooperative	NOUN
ajeer-230	327	8	,	,	PUNCT
ajeer-230	327	9	cgap	cgap	PROPN
ajeer-230	327	10	working	working	NOUN
ajeer-230	327	11	group	group	NOUN
ajeer-230	327	12	on	on	ADP
ajeer-230	327	13	micro	micro	PROPN
ajeer-230	327	14	insurance	insurance	NOUN
ajeer-230	327	15	:	:	PUNCT
ajeer-230	327	16	good	good	ADJ
ajeer-230	327	17	and	and	CCONJ
ajeer-230	327	18	bad	bad	ADJ
ajeer-230	327	19	practices	practice	NOUN
ajeer-230	327	20	,	,	PUNCT
ajeer-230	327	21	case	case	NOUN
ajeer-230	327	22	study	study	NOUN
ajeer-230	327	23	.	.	PUNCT
ajeer-230	328	1	malawi	malawi	PROPN
ajeer-230	328	2	:	:	PUNCT
ajeer-230	329	1	musco	musco	ADJ
ajeer-230	329	2	,	,	PUNCT
ajeer-230	329	3	8	8	NUM
ajeer-230	329	4	.	.	PUNCT
ajeer-230	330	1	evans	evans	PROPN
ajeer-230	330	2	,	,	PUNCT
ajeer-230	330	3	a.c	a.c	PROPN
ajeer-230	330	4	.	.	PROPN
ajeer-230	330	5	,	,	PUNCT
ajeer-230	330	6	2002	2002	NUM
ajeer-230	330	7	.	.	PUNCT
ajeer-230	331	1	the	the	DET
ajeer-230	331	2	unpaved	unpaved	ADJ
ajeer-230	331	3	road	road	NOUN
ajeer-230	331	4	ahead	ahead	ADV
ajeer-230	331	5	:	:	PUNCT
ajeer-230	331	6	hiv	hiv	PROPN
ajeer-230	331	7	/	/	SYM
ajeer-230	331	8	aids	aids	PROPN
ajeer-230	331	9	and	and	CCONJ
ajeer-230	331	10	microfinance	microfinance	NOUN
ajeer-230	331	11	.	.	PUNCT
ajeer-230	332	1	an	an	DET
ajeer-230	332	2	explanation	explanation	NOUN
ajeer-230	332	3	of	of	ADP
ajeer-230	332	4	kenya	kenya	PROPN
ajeer-230	332	5	credit	credit	NOUN
ajeer-230	332	6	unions	union	NOUN
ajeer-230	332	7	(	(	PUNCT
ajeer-230	332	8	saccos	saccos	PROPN
ajeer-230	332	9	)	)	PUNCT
ajeer-230	332	10	.	.	PUNCT
ajeer-230	333	1	research	research	NOUN
ajeer-230	333	2	monograph	monograph	PROPN
ajeer-230	333	3	series	series	PROPN
ajeer-230	333	4	no	no	PROPN
ajeer-230	333	5	.	.	PROPN
ajeer-230	333	6	21	21	NUM
ajeer-230	333	7	,	,	PUNCT
ajeer-230	333	8	winconsin	winconsin	NOUN
ajeer-230	333	9	,	,	PUNCT
ajeer-230	333	10	woccu	woccu	X
ajeer-230	333	11	.	.	PUNCT
ajeer-230	334	1	famma	famma	PROPN
ajeer-230	334	2	,	,	PUNCT
ajeer-230	334	3	1980	1980	NUM
ajeer-230	334	4	.	.	PUNCT
ajeer-230	335	1	agency	agency	NOUN
ajeer-230	335	2	problems	problem	NOUN
ajeer-230	335	3	and	and	CCONJ
ajeer-230	335	4	theory	theory	NOUN
ajeer-230	335	5	of	of	ADP
ajeer-230	335	6	the	the	DET
ajeer-230	335	7	firms	firm	NOUN
ajeer-230	335	8	.	.	PUNCT
ajeer-230	336	1	journal	journal	NOUN
ajeer-230	336	2	of	of	ADP
ajeer-230	336	3	political	political	ADJ
ajeer-230	336	4	economy	economy	NOUN
ajeer-230	336	5	,	,	PUNCT
ajeer-230	336	6	88(2	88(2	NUM
ajeer-230	336	7	):	):	PUNCT
ajeer-230	336	8	288	288	NUM
ajeer-230	336	9	-	-	SYM
ajeer-230	336	10	307	307	NUM
ajeer-230	336	11	.	.	PUNCT
ajeer-230	337	1	view	view	NOUN
ajeer-230	337	2	at	at	ADP
ajeer-230	337	3	google	google	PROPN
ajeer-230	337	4	scholar	scholar	PROPN
ajeer-230	337	5	ferreira	ferreira	PROPN
ajeer-230	337	6	,	,	PUNCT
ajeer-230	337	7	d.	d.	PROPN
ajeer-230	337	8	and	and	CCONJ
ajeer-230	337	9	r.b	r.b	PROPN
ajeer-230	337	10	.	.	PROPN
ajeer-230	337	11	adams	adams	PROPN
ajeer-230	337	12	,	,	PUNCT
ajeer-230	337	13	2009	2009	NUM
ajeer-230	337	14	.	.	PUNCT
ajeer-230	338	1	women	woman	NOUN
ajeer-230	338	2	in	in	ADP
ajeer-230	338	3	the	the	DET
ajeer-230	338	4	boardroom	boardroom	NOUN
ajeer-230	338	5	and	and	CCONJ
ajeer-230	338	6	their	their	PRON
ajeer-230	338	7	impact	impact	NOUN
ajeer-230	338	8	on	on	ADP
ajeer-230	338	9	governance	governance	NOUN
ajeer-230	338	10	and	and	CCONJ
ajeer-230	338	11	performance	performance	NOUN
ajeer-230	338	12	.	.	PUNCT
ajeer-230	339	1	journal	journal	NOUN
ajeer-230	339	2	of	of	ADP
ajeer-230	339	3	finance	finance	NOUN
ajeer-230	339	4	of	of	ADP
ajeer-230	339	5	finance	finance	NOUN
ajeer-230	339	6	and	and	CCONJ
ajeer-230	339	7	economics	economic	NOUN
ajeer-230	339	8	,	,	PUNCT
ajeer-230	339	9	94(2	94(2	NUM
ajeer-230	339	10	):	):	PUNCT
ajeer-230	339	11	291	291	NUM
ajeer-230	339	12	-	-	SYM
ajeer-230	339	13	309	309	NUM
ajeer-230	339	14	.	.	PUNCT
ajeer-230	340	1	view	view	NOUN
ajeer-230	340	2	at	at	ADP
ajeer-230	340	3	google	google	PROPN
ajeer-230	340	4	scholar	scholar	NOUN
ajeer-230	340	5	|	|	ADV
ajeer-230	340	6	view	view	NOUN
ajeer-230	340	7	at	at	ADP
ajeer-230	340	8	publisher	publisher	NOUN
ajeer-230	340	9	gompers	gomper	NOUN
ajeer-230	340	10	,	,	PUNCT
ajeer-230	340	11	p.	p.	PROPN
ajeer-230	340	12	,	,	PUNCT
ajeer-230	340	13	j.	j.	PROPN
ajeer-230	340	14	ishii	ishii	PROPN
ajeer-230	340	15	and	and	CCONJ
ajeer-230	340	16	a.	a.	NOUN
ajeer-230	340	17	metrick	metrick	PROPN
ajeer-230	340	18	,	,	PUNCT
ajeer-230	340	19	2003	2003	NUM
ajeer-230	340	20	.	.	PUNCT
ajeer-230	341	1	corporate	corporate	ADJ
ajeer-230	341	2	governance	governance	NOUN
ajeer-230	341	3	and	and	CCONJ
ajeer-230	341	4	equity	equity	NOUN
ajeer-230	341	5	prices	price	NOUN
ajeer-230	341	6	.	.	PUNCT
ajeer-230	342	1	quarterly	quarterly	ADJ
ajeer-230	342	2	journal	journal	NOUN
ajeer-230	342	3	of	of	ADP
ajeer-230	342	4	economics	economic	NOUN
ajeer-230	342	5	,	,	PUNCT
ajeer-230	342	6	118(1	118(1	NUM
ajeer-230	342	7	):	):	PUNCT
ajeer-230	342	8	107	107	NUM
ajeer-230	342	9	-	-	SYM
ajeer-230	342	10	155	155	NUM
ajeer-230	342	11	.	.	PUNCT
ajeer-230	342	12	view	view	NOUN
ajeer-230	342	13	at	at	ADP
ajeer-230	342	14	google	google	PROPN
ajeer-230	342	15	scholar	scholar	PROPN
ajeer-230	342	16	greene	greene	PROPN
ajeer-230	342	17	,	,	PUNCT
ajeer-230	342	18	w.h	w.h	PROPN
ajeer-230	342	19	.	.	PROPN
ajeer-230	342	20	,	,	PUNCT
ajeer-230	342	21	2012	2012	NUM
ajeer-230	342	22	.	.	PUNCT
ajeer-230	343	1	econometric	econometric	ADJ
ajeer-230	343	2	analysis	analysis	NOUN
ajeer-230	343	3	.	.	PUNCT
ajeer-230	344	1	7th	7th	ADJ
ajeer-230	344	2	edn	edn	PROPN
ajeer-230	344	3	.	.	PUNCT
ajeer-230	345	1	,	,	PUNCT
ajeer-230	345	2	new	new	PROPN
ajeer-230	345	3	york	york	PROPN
ajeer-230	345	4	:	:	PUNCT
ajeer-230	345	5	pearson	pearson	PROPN
ajeer-230	345	6	education	education	PROPN
ajeer-230	345	7	,	,	PUNCT
ajeer-230	345	8	inc	inc	PROPN
ajeer-230	345	9	.	.	PROPN
ajeer-230	345	10	healy	healy	PROPN
ajeer-230	345	11	,	,	PUNCT
ajeer-230	345	12	r.k	r.k	PROPN
ajeer-230	345	13	.	.	PROPN
ajeer-230	345	14	,	,	PUNCT
ajeer-230	345	15	1988	1988	NUM
ajeer-230	345	16	.	.	PUNCT
ajeer-230	346	1	how	how	SCONJ
ajeer-230	346	2	will	will	AUX
ajeer-230	346	3	performance	performance	VERB
ajeer-230	346	4	evaluation	evaluation	NOUN
ajeer-230	346	5	perform	perform	NOUN
ajeer-230	346	6	.	.	PUNCT
ajeer-230	347	1	journal	journal	PROPN
ajeer-230	347	2	of	of	ADP
ajeer-230	347	3	portfolio	portfolio	NOUN
ajeer-230	347	4	management	management	NOUN
ajeer-230	347	5	:	:	PUNCT
ajeer-230	347	6	15	15	NUM
ajeer-230	347	7	-	-	SYM
ajeer-230	347	8	19	19	NUM
ajeer-230	347	9	.	.	PUNCT
ajeer-230	348	1	higgs	higgs	PROPN
ajeer-230	348	2	,	,	PUNCT
ajeer-230	348	3	d.	d.	PROPN
ajeer-230	348	4	,	,	PUNCT
ajeer-230	348	5	2003	2003	NUM
ajeer-230	348	6	.	.	PUNCT
ajeer-230	349	1	review	review	NOUN
ajeer-230	349	2	of	of	ADP
ajeer-230	349	3	the	the	DET
ajeer-230	349	4	role	role	NOUN
ajeer-230	349	5	and	and	CCONJ
ajeer-230	349	6	effectiveness	effectiveness	NOUN
ajeer-230	349	7	of	of	ADP
ajeer-230	349	8	non	non	ADJ
ajeer-230	349	9	-	-	ADJ
ajeer-230	349	10	executive	executive	ADJ
ajeer-230	349	11	directors	director	NOUN
ajeer-230	349	12	.	.	PUNCT
ajeer-230	350	1	on	on	ADP
ajeer-230	350	2	-	-	PUNCT
ajeer-230	350	3	line	line	NOUN
ajeer-230	350	4	.	.	PUNCT
ajeer-230	351	1	retrieved	retrieve	VERB
ajeer-230	351	2	from	from	ADP
ajeer-230	351	3	www.dti.gov.uk/cld/non-execsreview	www.dti.gov.uk/cld/non-execsreview	PROPN
ajeer-230	351	4	.	.	PUNCT
ajeer-230	352	1	imf	imf	PROPN
ajeer-230	352	2	,	,	PUNCT
ajeer-230	352	3	2012	2012	NUM
ajeer-230	352	4	.	.	PUNCT
ajeer-230	353	1	international	international	ADJ
ajeer-230	353	2	monetary	monetary	ADJ
ajeer-230	353	3	fund	fund	PROPN
ajeer-230	353	4	,	,	PUNCT
ajeer-230	353	5	world	world	NOUN
ajeer-230	353	6	economic	economic	ADJ
ajeer-230	353	7	outlook	outlook	NOUN
ajeer-230	353	8	update	update	NOUN
ajeer-230	353	9	.	.	PUNCT
ajeer-230	354	1	imf	imf	PROPN
ajeer-230	354	2	,	,	PUNCT
ajeer-230	354	3	2014	2014	NUM
ajeer-230	354	4	.	.	PUNCT
ajeer-230	355	1	international	international	ADJ
ajeer-230	355	2	monetary	monetary	ADJ
ajeer-230	355	3	fund	fund	PROPN
ajeer-230	355	4	,	,	PUNCT
ajeer-230	355	5	world	world	NOUN
ajeer-230	355	6	economic	economic	ADJ
ajeer-230	355	7	outlook	outlook	NOUN
ajeer-230	355	8	database	database	NOUN
ajeer-230	355	9	.	.	PUNCT
ajeer-230	356	1	retrieved	retrieve	VERB
ajeer-230	356	2	from	from	ADP
ajeer-230	356	3	http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weorept.aspx	http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weorept.aspx	PROPN
ajeer-230	356	4	[	[	X
ajeer-230	356	5	accessed	access	VERB
ajeer-230	356	6	november	november	PROPN
ajeer-230	356	7	4	4	NUM
ajeer-230	356	8	,	,	PUNCT
ajeer-230	356	9	2014	2014	NUM
ajeer-230	356	10	]	]	PUNCT
ajeer-230	356	11	.	.	PUNCT
ajeer-230	357	1	johnson	johnson	PROPN
ajeer-230	357	2	,	,	PUNCT
ajeer-230	357	3	s.	s.	PROPN
ajeer-230	357	4	and	and	CCONJ
ajeer-230	357	5	m.	m.	PROPN
ajeer-230	357	6	nino	nino	PROPN
ajeer-230	357	7	-	-	PUNCT
ajeer-230	357	8	zarazua	zarazua	PROPN
ajeer-230	357	9	,	,	PUNCT
ajeer-230	357	10	2008	2008	NUM
ajeer-230	357	11	.	.	PUNCT
ajeer-230	358	1	a	a	DET
ajeer-230	358	2	report	report	NOUN
ajeer-230	358	3	prepared	prepare	VERB
ajeer-230	358	4	for	for	ADP
ajeer-230	358	5	the	the	DET
ajeer-230	358	6	decentralized	decentralize	VERB
ajeer-230	358	7	financial	financial	ADJ
ajeer-230	358	8	services	service	NOUN
ajeer-230	358	9	project	project	NOUN
ajeer-230	358	10	.	.	PUNCT
ajeer-230	359	1	kenya	kenya	PROPN
ajeer-230	359	2	and	and	CCONJ
ajeer-230	359	3	financial	financial	ADJ
ajeer-230	359	4	sector	sector	NOUN
ajeer-230	359	5	deepening	deepen	VERB
ajeer-230	359	6	(	(	PUNCT
ajeer-230	359	7	fsd	fsd	PROPN
ajeer-230	359	8	)	)	PUNCT
ajeer-230	359	9	,	,	PUNCT
ajeer-230	359	10	kenya	kenya	PROPN
ajeer-230	359	11	.	.	PUNCT
ajeer-230	360	1	centre	centre	PROPN
ajeer-230	360	2	for	for	ADP
ajeer-230	360	3	development	development	NOUN
ajeer-230	360	4	studies	study	NOUN
ajeer-230	360	5	,	,	PUNCT
ajeer-230	360	6	univeristy	univeristy	NOUN
ajeer-230	360	7	of	of	ADP
ajeer-230	360	8	bath	bath	NOUN
ajeer-230	360	9	.	.	PUNCT
ajeer-230	361	1	jondrow	jondrow	NOUN
ajeer-230	361	2	,	,	PUNCT
ajeer-230	361	3	j.	j.	PROPN
ajeer-230	361	4	,	,	PUNCT
ajeer-230	361	5	c.a.k	c.a.k	PROPN
ajeer-230	361	6	.	.	PUNCT
ajeer-230	362	1	lovell	lovell	PROPN
ajeer-230	362	2	,	,	PUNCT
ajeer-230	362	3	i.s	i.s	PROPN
ajeer-230	362	4	.	.	PROPN
ajeer-230	362	5	materov	materov	PROPN
ajeer-230	362	6	and	and	CCONJ
ajeer-230	362	7	p.	p.	PROPN
ajeer-230	362	8	schmidt	schmidt	PROPN
ajeer-230	362	9	,	,	PUNCT
ajeer-230	362	10	1982	1982	NUM
ajeer-230	362	11	.	.	PUNCT
ajeer-230	363	1	on	on	ADP
ajeer-230	363	2	the	the	DET
ajeer-230	363	3	estimation	estimation	NOUN
ajeer-230	363	4	of	of	ADP
ajeer-230	363	5	technical	technical	ADJ
ajeer-230	363	6	inefficiency	inefficiency	NOUN
ajeer-230	363	7	in	in	ADP
ajeer-230	363	8	the	the	DET
ajeer-230	363	9	stochastic	stochastic	ADJ
ajeer-230	363	10	frontier	frontier	NOUN
ajeer-230	363	11	production	production	NOUN
ajeer-230	363	12	function	function	NOUN
ajeer-230	363	13	model	model	NOUN
ajeer-230	363	14	.	.	PUNCT
ajeer-230	364	1	journal	journal	PROPN
ajeer-230	364	2	of	of	ADP
ajeer-230	364	3	econometric	econometric	PROPN
ajeer-230	364	4	,	,	PUNCT
ajeer-230	364	5	19(2	19(2	NUM
ajeer-230	364	6	-	-	SYM
ajeer-230	364	7	3	3	NUM
ajeer-230	364	8	):	):	PUNCT
ajeer-230	364	9	233	233	NUM
ajeer-230	364	10	-	-	SYM
ajeer-230	364	11	238	238	NUM
ajeer-230	364	12	.	.	PUNCT
ajeer-230	365	1	view	view	NOUN
ajeer-230	365	2	at	at	ADP
ajeer-230	365	3	google	google	PROPN
ajeer-230	365	4	scholar	scholar	NOUN
ajeer-230	365	5	|	|	ADV
ajeer-230	365	6	view	view	NOUN
ajeer-230	365	7	at	at	ADP
ajeer-230	365	8	publisher	publisher	PROPN
ajeer-230	365	9	kamau	kamau	PROPN
ajeer-230	365	10	,	,	PUNCT
ajeer-230	365	11	a.w	a.w	PROPN
ajeer-230	365	12	.	.	PROPN
ajeer-230	365	13	,	,	PUNCT
ajeer-230	365	14	2011	2011	NUM
ajeer-230	365	15	.	.	PUNCT
ajeer-230	366	1	intermediation	intermediation	NOUN
ajeer-230	366	2	efficiency	efficiency	NOUN
ajeer-230	366	3	and	and	CCONJ
ajeer-230	366	4	productivity	productivity	NOUN
ajeer-230	366	5	of	of	ADP
ajeer-230	366	6	the	the	DET
ajeer-230	366	7	banking	banking	NOUN
ajeer-230	366	8	sector	sector	NOUN
ajeer-230	366	9	in	in	ADP
ajeer-230	366	10	kenya	kenya	PROPN
ajeer-230	366	11	,	,	PUNCT
ajeer-230	366	12	interdisciplinary	interdisciplinary	NOUN
ajeer-230	366	13	.	.	PUNCT
ajeer-230	367	1	journal	journal	PROPN
ajeer-230	367	2	of	of	ADP
ajeer-230	367	3	research	research	NOUN
ajeer-230	367	4	in	in	ADP
ajeer-230	367	5	business	business	NOUN
ajeer-230	367	6	,	,	PUNCT
ajeer-230	367	7	1(9	1(9	NUM
ajeer-230	367	8	):	):	PUNCT
ajeer-230	367	9	12	12	NUM
ajeer-230	367	10	-	-	SYM
ajeer-230	367	11	26	26	NUM
ajeer-230	367	12	.	.	PUNCT
ajeer-230	368	1	karanja	karanja	PROPN
ajeer-230	368	2	,	,	PUNCT
ajeer-230	368	3	j.n	j.n	PROPN
ajeer-230	368	4	.	.	PROPN
ajeer-230	368	5	,	,	PUNCT
ajeer-230	368	6	2013	2013	NUM
ajeer-230	368	7	.	.	PUNCT
ajeer-230	369	1	the	the	DET
ajeer-230	369	2	relationship	relationship	NOUN
ajeer-230	369	3	between	between	ADP
ajeer-230	369	4	size	size	NOUN
ajeer-230	369	5	and	and	CCONJ
ajeer-230	369	6	cost	cost	NOUN
ajeer-230	369	7	efficiency	efficiency	NOUN
ajeer-230	369	8	of	of	ADP
ajeer-230	369	9	saccos	saccos	PROPN
ajeer-230	369	10	with	with	ADP
ajeer-230	369	11	front	front	ADJ
ajeer-230	369	12	office	office	NOUN
ajeer-230	369	13	service	service	NOUN
ajeer-230	369	14	activity	activity	NOUN
ajeer-230	369	15	in	in	ADP
ajeer-230	369	16	kenya	kenya	PROPN
ajeer-230	369	17	.	.	PUNCT
ajeer-230	370	1	unpublished	unpublished	PROPN
ajeer-230	370	2	msc	msc	PROPN
ajeer-230	370	3	.	.	PROPN
ajeer-230	370	4	finance	finance	NOUN
ajeer-230	370	5	project	project	NOUN
ajeer-230	370	6	,	,	PUNCT
ajeer-230	370	7	univeristy	univeristy	NOUN
ajeer-230	370	8	of	of	ADP
ajeer-230	370	9	nairobi	nairobi	PROPN
ajeer-230	370	10	.	.	PUNCT
ajeer-230	371	1	khainga	khainga	PROPN
ajeer-230	371	2	,	,	PUNCT
ajeer-230	371	3	d.	d.	PROPN
ajeer-230	371	4	,	,	PUNCT
ajeer-230	371	5	2014	2014	NUM
ajeer-230	371	6	.	.	PUNCT
ajeer-230	372	1	african	african	ADJ
ajeer-230	372	2	growth	growth	NOUN
ajeer-230	372	3	initiative	initiative	NOUN
ajeer-230	372	4	working	work	VERB
ajeer-230	372	5	paperdivisia	paperdivisia	PROPN
ajeer-230	372	6	monetary	monetary	ADJ
ajeer-230	372	7	aggregates	aggregate	NOUN
ajeer-230	372	8	and	and	CCONJ
ajeer-230	372	9	demand	demand	NOUN
ajeer-230	372	10	for	for	ADP
ajeer-230	372	11	money	money	NOUN
ajeer-230	372	12	in	in	ADP
ajeer-230	372	13	kenya	kenya	PROPN
ajeer-230	372	14	.	.	PUNCT
ajeer-230	373	1	kipesha	kipesha	PROPN
ajeer-230	373	2	,	,	PUNCT
ajeer-230	373	3	e.f	e.f	PROPN
ajeer-230	373	4	.	.	PROPN
ajeer-230	373	5	,	,	PUNCT
ajeer-230	373	6	2012	2012	NUM
ajeer-230	373	7	.	.	PUNCT
ajeer-230	374	1	efficiency	efficiency	NOUN
ajeer-230	374	2	of	of	ADP
ajeer-230	374	3	microfinance	microfinance	NOUN
ajeer-230	374	4	institutions	institution	NOUN
ajeer-230	374	5	in	in	ADP
ajeer-230	374	6	east	east	PROPN
ajeer-230	374	7	africa	africa	PROPN
ajeer-230	374	8	:	:	PUNCT
ajeer-230	374	9	a	a	DET
ajeer-230	374	10	data	datum	NOUN
ajeer-230	374	11	of	of	ADP
ajeer-230	374	12	envelopment	envelopment	ADJ
ajeer-230	374	13	analysis	analysis	NOUN
ajeer-230	374	14	.	.	PUNCT
ajeer-230	375	1	european	european	ADJ
ajeer-230	375	2	journal	journal	PROPN
ajeer-230	375	3	of	of	ADP
ajeer-230	375	4	business	business	NOUN
ajeer-230	375	5	and	and	CCONJ
ajeer-230	375	6	management	management	NOUN
ajeer-230	375	7	,	,	PUNCT
ajeer-230	375	8	4(17	4(17	NUM
ajeer-230	375	9	):	):	PUNCT
ajeer-230	375	10	77	77	NUM
ajeer-230	375	11	-	-	SYM
ajeer-230	375	12	88	88	NUM
ajeer-230	375	13	.	.	PUNCT
ajeer-230	376	1	view	view	NOUN
ajeer-230	376	2	at	at	ADP
ajeer-230	376	3	google	google	PROPN
ajeer-230	376	4	scholar	scholar	PROPN
ajeer-230	376	5	kivuvo	kivuvo	PROPN
ajeer-230	376	6	,	,	PUNCT
ajeer-230	376	7	m.r	m.r	PROPN
ajeer-230	376	8	.	.	PROPN
ajeer-230	376	9	and	and	CCONJ
ajeer-230	376	10	t.	t.	PROPN
ajeer-230	376	11	olweny	olweny	PROPN
ajeer-230	376	12	,	,	PUNCT
ajeer-230	376	13	2014	2014	NUM
ajeer-230	376	14	.	.	PUNCT
ajeer-230	377	1	financial	financial	ADJ
ajeer-230	377	2	performance	performance	NOUN
ajeer-230	377	3	analysis	analysis	NOUN
ajeer-230	377	4	of	of	ADP
ajeer-230	377	5	kenya	kenya	PROPN
ajeer-230	377	6	's	's	PART
ajeer-230	377	7	sacco	sacco	NOUN
ajeer-230	377	8	sector	sector	NOUN
ajeer-230	377	9	using	use	VERB
ajeer-230	377	10	the	the	DET
ajeer-230	377	11	altiman	altiman	NOUN
ajeer-230	377	12	z	z	PROPN
ajeer-230	377	13	score	score	NOUN
ajeer-230	377	14	model	model	NOUN
ajeer-230	377	15	of	of	ADP
ajeer-230	377	16	corporate	corporate	ADJ
ajeer-230	377	17	bankruptcy	bankruptcy	NOUN
ajeer-230	377	18	.	.	PUNCT
ajeer-230	378	1	international	international	ADJ
ajeer-230	378	2	journal	journal	PROPN
ajeer-230	378	3	of	of	ADP
ajeer-230	378	4	business	business	NOUN
ajeer-230	378	5	and	and	CCONJ
ajeer-230	378	6	social	social	ADJ
ajeer-230	378	7	science	science	NOUN
ajeer-230	378	8	,	,	PUNCT
ajeer-230	378	9	5(9	5(9	NUM
ajeer-230	378	10	)	)	PUNCT
ajeer-230	378	11	.	.	PUNCT
ajeer-230	379	1	view	view	NOUN
ajeer-230	379	2	at	at	ADP
ajeer-230	379	3	google	google	PROPN
ajeer-230	379	4	scholar	scholar	PROPN
ajeer-230	379	5	magali	magali	PROPN
ajeer-230	379	6	,	,	PUNCT
ajeer-230	379	7	j.j	j.j	PROPN
ajeer-230	379	8	.	.	PROPN
ajeer-230	379	9	,	,	PUNCT
ajeer-230	379	10	2014	2014	NUM
ajeer-230	379	11	.	.	PUNCT
ajeer-230	380	1	variables	variable	NOUN
ajeer-230	380	2	for	for	ADP
ajeer-230	380	3	modelling	model	VERB
ajeer-230	380	4	saccos	sacco	NOUN
ajeer-230	380	5	in	in	ADP
ajeer-230	380	6	tanzania	tanzania	PROPN
ajeer-230	380	7	.	.	PUNCT
ajeer-230	381	1	asian	asian	PROPN
ajeer-230	381	2	journal	journal	PROPN
ajeer-230	381	3	of	of	ADP
ajeer-230	381	4	finance	finance	NOUN
ajeer-230	381	5	and	and	CCONJ
ajeer-230	381	6	accounting	accounting	NOUN
ajeer-230	381	7	,	,	PUNCT
ajeer-230	381	8	6(1	6(1	NUM
ajeer-230	381	9	):	):	PUNCT
ajeer-230	381	10	198	198	NUM
ajeer-230	381	11	-	-	SYM
ajeer-230	381	12	215	215	NUM
ajeer-230	381	13	.	.	PUNCT
ajeer-230	382	1	view	view	NOUN
ajeer-230	382	2	at	at	ADP
ajeer-230	382	3	google	google	PROPN
ajeer-230	382	4	scholar	scholar	NOUN
ajeer-230	382	5	|	|	ADV
ajeer-230	382	6	view	view	NOUN
ajeer-230	382	7	at	at	ADP
ajeer-230	382	8	publisher	publisher	PROPN
ajeer-230	382	9	magali	magali	PROPN
ajeer-230	382	10	,	,	PUNCT
ajeer-230	382	11	j.j	j.j	PROPN
ajeer-230	382	12	.	.	PROPN
ajeer-230	382	13	and	and	CCONJ
ajeer-230	382	14	d.	d.	PROPN
ajeer-230	382	15	pastory	pastory	PROPN
ajeer-230	382	16	,	,	PUNCT
ajeer-230	382	17	2013	2013	NUM
ajeer-230	382	18	.	.	PUNCT
ajeer-230	383	1	technical	technical	ADJ
ajeer-230	383	2	efficiency	efficiency	NOUN
ajeer-230	383	3	of	of	ADP
ajeer-230	383	4	rural	rural	ADJ
ajeer-230	383	5	savings	saving	NOUN
ajeer-230	383	6	and	and	CCONJ
ajeer-230	383	7	credits	credit	NOUN
ajeer-230	383	8	co	co	NOUN
ajeer-230	383	9	-	-	NOUN
ajeer-230	383	10	operatives	operative	NOUN
ajeer-230	383	11	in	in	ADP
ajeer-230	383	12	tanzania	tanzania	PROPN
ajeer-230	383	13	.	.	PUNCT
ajeer-230	384	1	a	a	DET
ajeer-230	384	2	dea	dea	PROPN
ajeer-230	384	3	approach	approach	NOUN
ajeer-230	384	4	.	.	PUNCT
ajeer-230	385	1	international	international	ADJ
ajeer-230	385	2	journal	journal	PROPN
ajeer-230	385	3	of	of	ADP
ajeer-230	385	4	management	management	NOUN
ajeer-230	385	5	sciences	sciences	PROPN
ajeer-230	385	6	and	and	CCONJ
ajeer-230	385	7	busienss	busiens	NOUN
ajeer-230	385	8	research	research	NOUN
ajeer-230	385	9	,	,	PUNCT
ajeer-230	385	10	2(12	2(12	NUM
ajeer-230	385	11	):	):	PUNCT
ajeer-230	385	12	49	49	NUM
ajeer-230	385	13	-	-	SYM
ajeer-230	385	14	61	61	NUM
ajeer-230	385	15	.	.	PUNCT
ajeer-230	386	1	marwa	marwa	PROPN
ajeer-230	386	2	,	,	PUNCT
ajeer-230	386	3	n.	n.	NOUN
ajeer-230	386	4	and	and	CCONJ
ajeer-230	386	5	m.	m.	NOUN
ajeer-230	386	6	aziakpono	aziakpono	PROPN
ajeer-230	386	7	,	,	PUNCT
ajeer-230	386	8	2015	2015	NUM
ajeer-230	386	9	.	.	PUNCT
ajeer-230	387	1	technical	technical	ADJ
ajeer-230	387	2	and	and	CCONJ
ajeer-230	387	3	scale	scale	NOUN
ajeer-230	387	4	efficiency	efficiency	NOUN
ajeer-230	387	5	of	of	ADP
ajeer-230	387	6	savings	saving	NOUN
ajeer-230	387	7	and	and	CCONJ
ajeer-230	387	8	credit	credit	NOUN
ajeer-230	387	9	cooperatives	cooperative	NOUN
ajeer-230	387	10	:	:	PUNCT
ajeer-230	387	11	evidence	evidence	NOUN
ajeer-230	387	12	from	from	ADP
ajeer-230	387	13	tanzania	tanzania	PROPN
ajeer-230	387	14	,	,	PUNCT
ajeer-230	387	15	univeristy	univeristy	PROPN
ajeer-230	387	16	of	of	ADP
ajeer-230	387	17	stellenbosch	stellenbosch	PROPN
ajeer-230	387	18	businsss	businsss	PROPN
ajeer-230	387	19	school	school	PROPN
ajeer-230	387	20	,	,	PUNCT
ajeer-230	387	21	south	south	PROPN
ajeer-230	387	22	africa	africa	PROPN
ajeer-230	387	23	.	.	PUNCT
ajeer-230	388	1	ersa	ersa	PROPN
ajeer-230	388	2	,	,	PUNCT
ajeer-230	388	3	working	working	NOUN
ajeer-230	388	4	paper	paper	NOUN
ajeer-230	388	5	no.510	no.510	PROPN
ajeer-230	389	1	.	.	PROPN
ajeer-230	389	2	mirie	mirie	ADJ
ajeer-230	389	3	,	,	PUNCT
ajeer-230	389	4	m.	m.	NOUN
ajeer-230	389	5	,	,	PUNCT
ajeer-230	389	6	2014	2014	NUM
ajeer-230	389	7	.	.	PUNCT
ajeer-230	390	1	the	the	DET
ajeer-230	390	2	influence	influence	NOUN
ajeer-230	390	3	of	of	ADP
ajeer-230	390	4	members	member	NOUN
ajeer-230	390	5	’	’	PART
ajeer-230	390	6	income	income	NOUN
ajeer-230	390	7	and	and	CCONJ
ajeer-230	390	8	conduct	conduct	NOUN
ajeer-230	390	9	of	of	ADP
ajeer-230	390	10	saccos	sacco	NOUN
ajeer-230	390	11	in	in	ADP
ajeer-230	390	12	the	the	DET
ajeer-230	390	13	relationship	relationship	NOUN
ajeer-230	390	14	between	between	ADP
ajeer-230	390	15	characteristics	characteristic	NOUN
ajeer-230	390	16	and	and	CCONJ
ajeer-230	390	17	efficiency	efficiency	NOUN
ajeer-230	390	18	of	of	ADP
ajeer-230	390	19	saccos	saccos	PROPN
ajeer-230	390	20	in	in	ADP
ajeer-230	390	21	kenya	kenya	PROPN
ajeer-230	390	22	.	.	PUNCT
ajeer-230	391	1	phd	phd	NOUN
ajeer-230	391	2	thesis	thesis	NOUN
ajeer-230	391	3	presented	present	VERB
ajeer-230	391	4	at	at	ADP
ajeer-230	391	5	university	university	PROPN
ajeer-230	391	6	of	of	ADP
ajeer-230	391	7	nairobi	nairobi	PROPN
ajeer-230	391	8	.	.	PUNCT
ajeer-230	392	1	mocdm	mocdm	PROPN
ajeer-230	392	2	,	,	PUNCT
ajeer-230	392	3	2013	2013	NUM
ajeer-230	392	4	.	.	PUNCT
ajeer-230	393	1	ministry	ministry	PROPN
ajeer-230	393	2	of	of	ADP
ajeer-230	393	3	industry	industry	PROPN
ajeer-230	393	4	,	,	PUNCT
ajeer-230	393	5	trade	trade	NOUN
ajeer-230	393	6	and	and	CCONJ
ajeer-230	393	7	co	co	NOUN
ajeer-230	393	8	-	-	NOUN
ajeer-230	393	9	operatives	operative	NOUN
ajeer-230	393	10	.	.	PUNCT
ajeer-230	394	1	achievements	achievement	NOUN
ajeer-230	394	2	of	of	ADP
ajeer-230	394	3	the	the	DET
ajeer-230	394	4	ministry	ministry	PROPN
ajeer-230	394	5	july	july	PROPN
ajeer-230	394	6	2013	2013	NUM
ajeer-230	394	7	-	-	SYM
ajeer-230	394	8	2014	2014	NUM
ajeer-230	394	9	.	.	PUNCT
ajeer-230	395	1	retrieved	retrieve	VERB
ajeer-230	395	2	from	from	ADP
ajeer-230	395	3	http://www.industrialization.go.ke/index.php	http://www.industrialization.go.ke/index.php	PROPN
ajeer-230	395	4	.	.	PUNCT
ajeer-230	396	1	moffat	moffat	PROPN
ajeer-230	396	2	,	,	PUNCT
ajeer-230	396	3	b.d	b.d	PROPN
ajeer-230	396	4	.	.	PROPN
ajeer-230	396	5	,	,	PUNCT
ajeer-230	396	6	2008	2008	NUM
ajeer-230	396	7	.	.	PUNCT
ajeer-230	397	1	efficiency	efficiency	NOUN
ajeer-230	397	2	and	and	CCONJ
ajeer-230	397	3	productivity	productivity	NOUN
ajeer-230	397	4	in	in	ADP
ajeer-230	397	5	botswana	botswana	PROPN
ajeer-230	397	6	’s	’s	PART
ajeer-230	397	7	financial	financial	ADJ
ajeer-230	397	8	institutions	institution	NOUN
ajeer-230	397	9	.	.	PUNCT
ajeer-230	398	1	phd	phd	NOUN
ajeer-230	398	2	thesis	thesis	NOUN
ajeer-230	398	3	presented	present	VERB
ajeer-230	398	4	at	at	ADP
ajeer-230	398	5	university	university	PROPN
ajeer-230	398	6	of	of	ADP
ajeer-230	398	7	wollongong	wollongong	PROPN
ajeer-230	398	8	.	.	PUNCT
ajeer-230	399	1	njagi	njagi	PROPN
ajeer-230	399	2	,	,	PUNCT
ajeer-230	399	3	g.m	g.m	PROPN
ajeer-230	399	4	.	.	PROPN
ajeer-230	399	5	,	,	PUNCT
ajeer-230	399	6	e.m	e.m	PROPN
ajeer-230	399	7	.	.	PROPN
ajeer-230	399	8	kimani	kimani	PROPN
ajeer-230	399	9	and	and	CCONJ
ajeer-230	399	10	n.n	n.n	PROPN
ajeer-230	399	11	.	.	PROPN
ajeer-230	399	12	ngugi	ngugi	PROPN
ajeer-230	399	13	,	,	PUNCT
ajeer-230	399	14	2013	2013	NUM
ajeer-230	399	15	.	.	PUNCT
ajeer-230	400	1	the	the	DET
ajeer-230	400	2	impact	impact	NOUN
ajeer-230	400	3	of	of	ADP
ajeer-230	400	4	front	front	ADJ
ajeer-230	400	5	office	office	NOUN
ajeer-230	400	6	sacco	sacco	NOUN
ajeer-230	400	7	activity	activity	NOUN
ajeer-230	400	8	on	on	ADP
ajeer-230	400	9	sacco	sacco	NOUN
ajeer-230	400	10	performance	performance	NOUN
ajeer-230	400	11	in	in	ADP
ajeer-230	400	12	kenya	kenya	PROPN
ajeer-230	400	13	.	.	PUNCT
ajeer-230	401	1	a	a	DET
ajeer-230	401	2	case	case	NOUN
ajeer-230	401	3	study	study	NOUN
ajeer-230	401	4	of	of	ADP
ajeer-230	401	5	meru	meru	PROPN
ajeer-230	401	6	south	south	PROPN
ajeer-230	401	7	and	and	CCONJ
ajeer-230	401	8	maara	maara	PROPN
ajeer-230	401	9	district	district	NOUN
ajeer-230	401	10	in	in	ADP
ajeer-230	401	11	tharaka	tharaka	ADP
ajeer-230	401	12	nithi	nithi	PROPN
ajeer-230	401	13	county	county	PROPN
ajeer-230	401	14	in	in	ADP
ajeer-230	401	15	kenya	kenya	PROPN
ajeer-230	401	16	.	.	PUNCT
ajeer-230	402	1	global	global	ADJ
ajeer-230	402	2	advanced	advanced	PROPN
ajeer-230	402	3	research	research	PROPN
ajeer-230	402	4	journal	journal	NOUN
ajeer-230	402	5	of	of	ADP
ajeer-230	402	6	management	management	NOUN
ajeer-230	402	7	and	and	CCONJ
ajeer-230	402	8	business	business	NOUN
ajeer-230	402	9	studies	study	NOUN
ajeer-230	402	10	,	,	PUNCT
ajeer-230	402	11	2(5	2(5	NUM
ajeer-230	402	12	):	):	PUNCT
ajeer-230	402	13	285	285	NUM
ajeer-230	402	14	-	-	SYM
ajeer-230	402	15	290	290	NUM
ajeer-230	402	16	.	.	PUNCT
ajeer-230	402	17	view	view	NOUN
ajeer-230	402	18	at	at	ADP
ajeer-230	402	19	google	google	PROPN
ajeer-230	402	20	scholar	scholar	PROPN
ajeer-230	402	21	nyambere	nyambere	PROPN
ajeer-230	402	22	,	,	PUNCT
ajeer-230	402	23	f.k	f.k	PROPN
ajeer-230	402	24	.	.	PROPN
ajeer-230	402	25	,	,	PUNCT
ajeer-230	402	26	2013	2013	NUM
ajeer-230	402	27	.	.	PUNCT
ajeer-230	403	1	effect	effect	NOUN
ajeer-230	403	2	of	of	ADP
ajeer-230	403	3	credit	credit	NOUN
ajeer-230	403	4	risk	risk	NOUN
ajeer-230	403	5	management	management	NOUN
ajeer-230	403	6	on	on	ADP
ajeer-230	403	7	financial	financial	ADJ
ajeer-230	403	8	performance	performance	NOUN
ajeer-230	403	9	of	of	ADP
ajeer-230	403	10	deposit	deposit	NOUN
ajeer-230	403	11	taking	take	VERB
ajeer-230	403	12	savings	saving	NOUN
ajeer-230	403	13	and	and	CCONJ
ajeer-230	403	14	credit	credit	NOUN
ajeer-230	403	15	co	co	ADJ
ajeer-230	403	16	-	-	ADJ
ajeer-230	403	17	operative	operative	ADJ
ajeer-230	403	18	societies	society	NOUN
ajeer-230	403	19	in	in	ADP
ajeer-230	403	20	kenya	kenya	PROPN
ajeer-230	403	21	.	.	PUNCT
ajeer-230	404	1	unpublished	unpublished	ADJ
ajeer-230	404	2	mba	mba	NOUN
ajeer-230	404	3	project	project	NOUN
ajeer-230	404	4	,	,	PUNCT
ajeer-230	404	5	university	university	NOUN
ajeer-230	404	6	of	of	ADP
ajeer-230	404	7	nairobi	nairobi	PROPN
ajeer-230	404	8	.	.	PUNCT
ajeer-230	405	1	ogebe	ogebe	PROPN
ajeer-230	405	2	,	,	PUNCT
ajeer-230	405	3	j.o	j.o	PROPN
ajeer-230	405	4	.	.	PROPN
ajeer-230	405	5	,	,	PUNCT
ajeer-230	405	6	p.	p.	PROPN
ajeer-230	405	7	ojah	ojah	PROPN
ajeer-230	405	8	and	and	CCONJ
ajeer-230	405	9	k.	k.	PROPN
ajeer-230	405	10	alewi	alewi	PROPN
ajeer-230	405	11	,	,	PUNCT
ajeer-230	405	12	2013	2013	NUM
ajeer-230	405	13	.	.	PUNCT
ajeer-230	406	1	the	the	DET
ajeer-230	406	2	impact	impact	NOUN
ajeer-230	406	3	of	of	ADP
ajeer-230	406	4	capital	capital	NOUN
ajeer-230	406	5	structure	structure	NOUN
ajeer-230	406	6	on	on	ADP
ajeer-230	406	7	firm	firm	ADJ
ajeer-230	406	8	performance	performance	NOUN
ajeer-230	406	9	in	in	ADP
ajeer-230	406	10	nigeria	nigeria	PROPN
ajeer-230	406	11	.	.	PUNCT
ajeer-230	407	1	st	st	PROPN
ajeer-230	407	2	.	.	PROPN
ajeer-230	407	3	augustine	augustine	PROPN
ajeer-230	407	4	college	college	PROPN
ajeer-230	407	5	of	of	ADP
ajeer-230	407	6	educations	educations	PROPN
ajeer-230	407	7	.	.	PUNCT
ajeer-230	408	1	mpra	mpra	PROPN
ajeer-230	408	2	paper	paper	PROPN
ajeer-230	408	3	no	no	PROPN
ajeer-230	408	4	.	.	PROPN
ajeer-230	408	5	45986	45986	NUM
ajeer-230	408	6	.	.	PUNCT
ajeer-230	409	1	okibo	okibo	PROPN
ajeer-230	409	2	,	,	PUNCT
ajeer-230	409	3	b.	b.	PROPN
ajeer-230	409	4	and	and	CCONJ
ajeer-230	409	5	j.m	j.m	PROPN
ajeer-230	409	6	.	.	PROPN
ajeer-230	409	7	karagu	karagu	PROPN
ajeer-230	409	8	,	,	PUNCT
ajeer-230	409	9	2014	2014	NUM
ajeer-230	409	10	.	.	PUNCT
ajeer-230	410	1	financial	financial	ADJ
ajeer-230	410	2	factors	factor	NOUN
ajeer-230	410	3	influencing	influence	VERB
ajeer-230	410	4	performance	performance	NOUN
ajeer-230	410	5	of	of	ADP
ajeer-230	410	6	savings	saving	NOUN
ajeer-230	410	7	and	and	CCONJ
ajeer-230	410	8	credit	credit	NOUN
ajeer-230	410	9	co	co	ADJ
ajeer-230	410	10	-	-	ADJ
ajeer-230	410	11	operative	operative	ADJ
ajeer-230	410	12	organization	organization	NOUN
ajeer-230	410	13	in	in	ADP
ajeer-230	410	14	kenya	kenya	PROPN
ajeer-230	410	15	.	.	PUNCT
ajeer-230	411	1	international	international	ADJ
ajeer-230	411	2	journal	journal	PROPN
ajeer-230	411	3	of	of	ADP
ajeer-230	411	4	academic	academic	ADJ
ajeer-230	411	5	research	research	NOUN
ajeer-230	411	6	in	in	ADP
ajeer-230	411	7	accounting	accounting	NOUN
ajeer-230	411	8	,	,	PUNCT
ajeer-230	411	9	finance	finance	NOUN
ajeer-230	411	10	and	and	CCONJ
ajeer-230	411	11	management	management	NOUN
ajeer-230	411	12	sciences	science	NOUN
ajeer-230	411	13	,	,	PUNCT
ajeer-230	411	14	4(2	4(2	NUM
ajeer-230	411	15	):	):	PUNCT
ajeer-230	411	16	295	295	NUM
ajeer-230	411	17	-	-	SYM
ajeer-230	411	18	206	206	NUM
ajeer-230	411	19	.	.	PUNCT
ajeer-230	412	1	view	view	NOUN
ajeer-230	412	2	at	at	ADP
ajeer-230	412	3	google	google	PROPN
ajeer-230	412	4	scholar	scholar	NOUN
ajeer-230	412	5	olando	olando	PROPN
ajeer-230	412	6	,	,	PUNCT
ajeer-230	412	7	c.o	c.o	PROPN
ajeer-230	412	8	.	.	PROPN
ajeer-230	412	9	,	,	PUNCT
ajeer-230	412	10	a.	a.	NOUN
ajeer-230	412	11	jagongo	jagongo	PROPN
ajeer-230	412	12	and	and	CCONJ
ajeer-230	412	13	martin	martin	PROPN
ajeer-230	412	14	,	,	PUNCT
ajeer-230	412	15	2012	2012	NUM
ajeer-230	412	16	.	.	PUNCT
ajeer-230	413	1	financial	financial	ADJ
ajeer-230	413	2	practice	practice	NOUN
ajeer-230	413	3	as	as	ADP
ajeer-230	413	4	a	a	DET
ajeer-230	413	5	determinant	determinant	NOUN
ajeer-230	413	6	of	of	ADP
ajeer-230	413	7	growth	growth	NOUN
ajeer-230	413	8	of	of	ADP
ajeer-230	413	9	savings	saving	NOUN
ajeer-230	413	10	and	and	CCONJ
ajeer-230	413	11	credit	credit	NOUN
ajeer-230	413	12	co	co	ADJ
ajeer-230	413	13	-	-	ADJ
ajeer-230	413	14	operative	operative	ADJ
ajeer-230	413	15	societies	society	NOUN
ajeer-230	413	16	wealth	wealth	NOUN
ajeer-230	413	17	.	.	PUNCT
ajeer-230	414	1	international	international	ADJ
ajeer-230	414	2	journal	journal	PROPN
ajeer-230	414	3	of	of	ADP
ajeer-230	414	4	business	business	NOUN
ajeer-230	414	5	and	and	CCONJ
ajeer-230	414	6	social	social	ADJ
ajeer-230	414	7	science	science	NOUN
ajeer-230	414	8	,	,	PUNCT
ajeer-230	414	9	3(24	3(24	NUM
ajeer-230	414	10	):	):	PUNCT
ajeer-230	414	11	204	204	NUM
ajeer-230	414	12	-	-	SYM
ajeer-230	414	13	219	219	NUM
ajeer-230	414	14	.	.	PUNCT
ajeer-230	415	1	view	view	NOUN
ajeer-230	415	2	at	at	ADP
ajeer-230	415	3	google	google	PROPN
ajeer-230	415	4	scholar	scholar	NOUN
ajeer-230	415	5	ongore	ongore	NOUN
ajeer-230	415	6	,	,	PUNCT
ajeer-230	415	7	v.o	v.o	PROPN
ajeer-230	415	8	.	.	PROPN
ajeer-230	415	9	and	and	CCONJ
ajeer-230	415	10	b.g	b.g	PROPN
ajeer-230	415	11	.	.	PROPN
ajeer-230	415	12	kusa	kusa	PROPN
ajeer-230	415	13	,	,	PUNCT
ajeer-230	415	14	2013	2013	NUM
ajeer-230	415	15	.	.	PUNCT
ajeer-230	416	1	determinants	determinant	NOUN
ajeer-230	416	2	of	of	ADP
ajeer-230	416	3	financial	financial	ADJ
ajeer-230	416	4	performance	performance	NOUN
ajeer-230	416	5	of	of	ADP
ajeer-230	416	6	commercial	commercial	ADJ
ajeer-230	416	7	banks	bank	NOUN
ajeer-230	416	8	in	in	ADP
ajeer-230	416	9	kenya	kenya	PROPN
ajeer-230	416	10	.	.	PUNCT
ajeer-230	417	1	international	international	ADJ
ajeer-230	417	2	journal	journal	PROPN
ajeer-230	417	3	of	of	ADP
ajeer-230	417	4	economics	economic	NOUN
ajeer-230	417	5	and	and	CCONJ
ajeer-230	417	6	financial	financial	ADJ
ajeer-230	417	7	services	service	NOUN
ajeer-230	417	8	,	,	PUNCT
ajeer-230	417	9	3(1	3(1	NUM
ajeer-230	417	10	):	):	PUNCT
ajeer-230	417	11	237	237	NUM
ajeer-230	417	12	-	-	SYM
ajeer-230	417	13	252	252	NUM
ajeer-230	417	14	.	.	PUNCT
ajeer-230	418	1	view	view	NOUN
ajeer-230	418	2	at	at	ADP
ajeer-230	418	3	google	google	PROPN
ajeer-230	418	4	scholar	scholar	PROPN
ajeer-230	418	5	ozcan	ozcan	NOUN
ajeer-230	418	6	,	,	PUNCT
ajeer-230	418	7	y.a	y.a	PROPN
ajeer-230	418	8	.	.	PROPN
ajeer-230	418	9	,	,	PUNCT
ajeer-230	418	10	2008	2008	NUM
ajeer-230	418	11	.	.	PUNCT
ajeer-230	419	1	health	health	NOUN
ajeer-230	419	2	care	care	NOUN
ajeer-230	419	3	benchmarking	benchmarking	NOUN
ajeer-230	419	4	and	and	CCONJ
ajeer-230	419	5	performance	performance	NOUN
ajeer-230	419	6	evaluation	evaluation	NOUN
ajeer-230	419	7	.	.	PUNCT
ajeer-230	420	1	an	an	DET
ajeer-230	420	2	assessment	assessment	NOUN
ajeer-230	420	3	using	use	VERB
ajeer-230	420	4	data	datum	NOUN
ajeer-230	420	5	envelopment	envelopment	ADJ
ajeer-230	420	6	analyis	analyis	NOUN
ajeer-230	420	7	.	.	PUNCT
ajeer-230	421	1	retrieved	retrieve	VERB
ajeer-230	421	2	from	from	ADP
ajeer-230	421	3	http://.springer.com/978	http://.springer.com/978	ADP
ajeer-230	421	4	-	-	PUNCT
ajeer-230	421	5	0	0	NUM
ajeer-230	421	6	-	-	PUNCT
ajeer-230	421	7	387	387	NUM
ajeer-230	421	8	-	-	NUM
ajeer-230	421	9	75447	75447	NUM
ajeer-230	421	10	-	-	SYM
ajeer-230	421	11	5	5	NUM
ajeer-230	421	12	[	[	PUNCT
ajeer-230	421	13	accessed	access	VERB
ajeer-230	421	14	17	17	NUM
ajeer-230	421	15	february	february	NOUN
ajeer-230	421	16	2013	2013	NUM
ajeer-230	421	17	]	]	PUNCT
ajeer-230	421	18	.	.	PUNCT
ajeer-230	422	1	pagano	pagano	PROPN
ajeer-230	422	2	,	,	PUNCT
ajeer-230	422	3	hughes	hughes	PROPN
ajeer-230	422	4	,	,	PUNCT
ajeer-230	422	5	lang	lang	PROPN
ajeer-230	422	6	and	and	CCONJ
ajeer-230	422	7	moon	moon	PROPN
ajeer-230	422	8	,	,	PUNCT
ajeer-230	422	9	1997	1997	NUM
ajeer-230	422	10	.	.	PUNCT
ajeer-230	423	1	using	use	VERB
ajeer-230	423	2	the	the	DET
ajeer-230	423	3	frontier	frontier	NOUN
ajeer-230	423	4	methods	method	NOUN
ajeer-230	423	5	in	in	ADP
ajeer-230	423	6	a	a	DET
ajeer-230	423	7	non	non	ADJ
ajeer-230	423	8	-	-	ADJ
ajeer-230	423	9	structural	structural	ADJ
ajeer-230	423	10	approach	approach	NOUN
ajeer-230	423	11	.	.	PUNCT
ajeer-230	424	1	a	a	DET
ajeer-230	424	2	proxy	proxy	NOUN
ajeer-230	424	3	for	for	ADP
ajeer-230	424	4	agency	agency	NOUN
ajeer-230	424	5	cost	cost	NOUN
ajeer-230	424	6	x	x	NOUN
ajeer-230	424	7	-	-	NOUN
ajeer-230	424	8	inefficiency	inefficiency	NOUN
ajeer-230	424	9	.	.	PUNCT
ajeer-230	425	1	pascoe	pascoe	PROPN
ajeer-230	425	2	,	,	PUNCT
ajeer-230	425	3	s.	s.	PROPN
ajeer-230	425	4	,	,	PUNCT
ajeer-230	425	5	j.e	j.e	PROPN
ajeer-230	425	6	.	.	PROPN
ajeer-230	425	7	kirkley	kirkley	PROPN
ajeer-230	425	8	,	,	PUNCT
ajeer-230	425	9	d.	d.	PROPN
ajeer-230	425	10	greboral	greboral	NOUN
ajeer-230	425	11	and	and	CCONJ
ajeer-230	425	12	m.c.j	m.c.j	NOUN
ajeer-230	425	13	.	.	PROPN
ajeer-230	425	14	paul	paul	PROPN
ajeer-230	425	15	,	,	PUNCT
ajeer-230	425	16	2003	2003	NUM
ajeer-230	425	17	.	.	PUNCT
ajeer-230	426	1	fao	fao	NOUN
ajeer-230	426	2	,	,	PUNCT
ajeer-230	426	3	measuring	measure	VERB
ajeer-230	426	4	and	and	CCONJ
ajeer-230	426	5	assessing	assess	VERB
ajeer-230	426	6	capacity	capacity	NOUN
ajeer-230	426	7	in	in	ADP
ajeer-230	426	8	fisheries	fishery	NOUN
ajeer-230	426	9	.	.	PUNCT
ajeer-230	427	1	fao	fao	PROPN
ajeer-230	427	2	fisheries	fishery	NOUN
ajeer-230	427	3	technical	technical	ADJ
ajeer-230	427	4	paper	paper	PROPN
ajeer-230	427	5	no.433/2	no.433/2	PROPN
ajeer-230	427	6	.	.	PUNCT
ajeer-230	428	1	petrie	petrie	PROPN
ajeer-230	428	2	,	,	PUNCT
ajeer-230	428	3	r.	r.	PROPN
ajeer-230	428	4	,	,	PUNCT
ajeer-230	428	5	2002	2002	NUM
ajeer-230	428	6	.	.	PUNCT
ajeer-230	429	1	rwanda	rwanda	PROPN
ajeer-230	429	2	credit	credit	NOUN
ajeer-230	429	3	unions	union	NOUN
ajeer-230	429	4	member	member	NOUN
ajeer-230	429	5	and	and	CCONJ
ajeer-230	429	6	non	non	ADJ
ajeer-230	429	7	-	-	ADJ
ajeer-230	429	8	member	member	ADJ
ajeer-230	429	9	survey	survey	NOUN
ajeer-230	429	10	.	.	PUNCT
ajeer-230	430	1	woccu	woccu	PROPN
ajeer-230	430	2	inc	inc	PROPN
ajeer-230	430	3	.	.	PROPN
ajeer-230	430	4	research	research	PROPN
ajeer-230	430	5	monorgraph	monorgraph	PROPN
ajeer-230	430	6	series	series	PROPN
ajeer-230	430	7	no	no	PROPN
ajeer-230	430	8	.	.	PROPN
ajeer-230	430	9	20	20	NUM
ajeer-230	430	10	.	.	X
ajeer-230	431	1	reis	reis	NOUN
ajeer-230	431	2	,	,	PUNCT
ajeer-230	431	3	r.	r.	PROPN
ajeer-230	431	4	and	and	CCONJ
ajeer-230	431	5	n.g	n.g	PROPN
ajeer-230	431	6	.	.	PROPN
ajeer-230	431	7	mankiw	mankiw	PROPN
ajeer-230	431	8	,	,	PUNCT
ajeer-230	431	9	2001	2001	NUM
ajeer-230	431	10	.	.	PUNCT
ajeer-230	432	1	sticky	sticky	ADJ
ajeer-230	432	2	information	information	NOUN
ajeer-230	432	3	and	and	CCONJ
ajeer-230	432	4	versus	versus	ADP
ajeer-230	432	5	sticky	sticky	ADJ
ajeer-230	432	6	prices	price	NOUN
ajeer-230	432	7	:	:	PUNCT
ajeer-230	432	8	a	a	DET
ajeer-230	432	9	proposal	proposal	NOUN
ajeer-230	432	10	to	to	PART
ajeer-230	432	11	replace	replace	VERB
ajeer-230	432	12	new	new	ADJ
ajeer-230	432	13	keynesiam	keynesiam	PROPN
ajeer-230	432	14	philips	philips	PROPN
ajeer-230	432	15	curve	curve	NOUN
ajeer-230	432	16	.	.	PUNCT
ajeer-230	433	1	proceedings	proceeding	NOUN
ajeer-230	433	2	,	,	PUNCT
ajeer-230	433	3	federal	federal	PROPN
ajeer-230	433	4	reserve	reserve	PROPN
ajeer-230	433	5	bank	bank	PROPN
ajeer-230	433	6	of	of	ADP
ajeer-230	433	7	san	san	PROPN
ajeer-230	433	8	francisco	francisco	PROPN
ajeer-230	433	9	.	.	PUNCT
ajeer-230	434	1	research	research	NOUN
ajeer-230	434	2	,	,	PUNCT
ajeer-230	434	3	2015	2015	NUM
ajeer-230	434	4	.	.	PUNCT
ajeer-230	435	1	research	research	NOUN
ajeer-230	435	2	data	data	PROPN
ajeer-230	435	3	.	.	PUNCT
ajeer-230	436	1	sasra	sasra	PROPN
ajeer-230	436	2	,	,	PUNCT
ajeer-230	436	3	2011	2011	NUM
ajeer-230	436	4	.	.	PUNCT
ajeer-230	437	1	the	the	DET
ajeer-230	437	2	sacco	sacco	PROPN
ajeer-230	437	3	society	society	PROPN
ajeer-230	437	4	regulatory	regulatory	ADJ
ajeer-230	437	5	authority	authority	NOUN
ajeer-230	437	6	,	,	PUNCT
ajeer-230	437	7	kenya	kenya	PROPN
ajeer-230	437	8	.	.	PUNCT
ajeer-230	438	1	sacco	sacco	PROPN
ajeer-230	438	2	supervision	supervision	NOUN
ajeer-230	438	3	report	report	NOUN
ajeer-230	438	4	for	for	ADP
ajeer-230	438	5	deposit	deposit	NOUN
ajeer-230	438	6	taking	take	VERB
ajeer-230	438	7	saccos	sacco	NOUN
ajeer-230	438	8	,	,	PUNCT
ajeer-230	438	9	year	year	NOUN
ajeer-230	438	10	2011	2011	NUM
ajeer-230	438	11	.	.	PUNCT
ajeer-230	439	1	sasra	sasra	PROPN
ajeer-230	439	2	,	,	PUNCT
ajeer-230	439	3	2013	2013	NUM
ajeer-230	439	4	.	.	PUNCT
ajeer-230	440	1	the	the	DET
ajeer-230	440	2	sasra	sasra	NOUN
ajeer-230	440	3	leaders	leader	NOUN
ajeer-230	440	4	’	'	PUNCT
ajeer-230	440	5	forum	forum	NOUN
ajeer-230	440	6	.	.	PUNCT
ajeer-230	441	1	[	[	X
ajeer-230	441	2	accessed	access	VERB
ajeer-230	441	3	30	30	NUM
ajeer-230	441	4	october	october	PROPN
ajeer-230	441	5	,	,	PUNCT
ajeer-230	441	6	2014	2014	NUM
ajeer-230	441	7	]	]	PUNCT
ajeer-230	441	8	.	.	PUNCT
ajeer-230	442	1	ssa	ssa	PROPN
ajeer-230	442	2	,	,	PUNCT
ajeer-230	442	3	2008	2008	NUM
ajeer-230	442	4	.	.	PUNCT
ajeer-230	443	1	sacco	sacco	PROPN
ajeer-230	443	2	societies	societies	PROPN
ajeer-230	443	3	act	act	PROPN
ajeer-230	443	4	,	,	PUNCT
ajeer-230	443	5	2008	2008	NUM
ajeer-230	443	6	.	.	PUNCT
ajeer-230	444	1	kenya	kenya	PROPN
ajeer-230	444	2	gazette	gazette	PROPN
ajeer-230	444	3	no.14	no.14	PROPN
ajeer-230	444	4	.	.	PROPN
ajeer-230	444	5	revised	revise	VERB
ajeer-230	444	6	in	in	ADP
ajeer-230	444	7	2012	2012	NUM
ajeer-230	444	8	.	.	PUNCT
ajeer-230	445	1	[	[	X
ajeer-230	445	2	accessed	access	VERB
ajeer-230	445	3	18	18	NUM
ajeer-230	445	4	february	february	NOUN
ajeer-230	445	5	,	,	PUNCT
ajeer-230	445	6	2015	2015	NUM
ajeer-230	445	7	]	]	PUNCT
ajeer-230	445	8	.	.	PUNCT
ajeer-230	446	1	ssr	ssr	PROPN
ajeer-230	446	2	,	,	PUNCT
ajeer-230	446	3	2010	2010	NUM
ajeer-230	446	4	.	.	PUNCT
ajeer-230	447	1	sacco	sacco	PROPN
ajeer-230	447	2	societies	society	NOUN
ajeer-230	447	3	regulation,2010	regulation,2010	NOUN
ajeer-230	447	4	.	.	PUNCT
ajeer-230	448	1	kenya	kenya	PROPN
ajeer-230	448	2	gazette	gazette	PROPN
ajeer-230	448	3	supplement	supplement	PROPN
ajeer-230	448	4	no.39	no.39	NOUN
ajeer-230	448	5	.	.	PUNCT
ajeer-230	449	1	[	[	X
ajeer-230	449	2	accessed	access	VERB
ajeer-230	449	3	11	11	NUM
ajeer-230	449	4	march	march	NOUN
ajeer-230	449	5	,	,	PUNCT
ajeer-230	449	6	2015	2015	NUM
ajeer-230	449	7	]	]	PUNCT
ajeer-230	449	8	.	.	PUNCT
ajeer-230	450	1	stata	stata	PROPN
ajeer-230	450	2	,	,	PUNCT
ajeer-230	450	3	2015	2015	NUM
ajeer-230	450	4	.	.	PUNCT
ajeer-230	451	1	statistics	statistic	NOUN
ajeer-230	451	2	/	/	SYM
ajeer-230	451	3	data	datum	NOUN
ajeer-230	451	4	analysis	analysis	NOUN
ajeer-230	451	5	14.1	14.1	NUM
ajeer-230	451	6	.	.	PUNCT
ajeer-230	452	1	statacorp	statacorp	PROPN
ajeer-230	452	2	lp	lp	PROPN
ajeer-230	452	3	.	.	PUNCT
ajeer-230	452	4	retrieved	retrieve	VERB
ajeer-230	452	5	from	from	ADP
ajeer-230	452	6	http://www.stata.com	http://www.stata.com	PROPN
ajeer-230	452	7	.	.	PUNCT
ajeer-230	453	1	tesfamariam	tesfamariam	PROPN
ajeer-230	453	2	,	,	PUNCT
ajeer-230	453	3	k.	k.	PROPN
ajeer-230	453	4	,	,	PUNCT
ajeer-230	453	5	h.	h.	PROPN
ajeer-230	453	6	tesfay	tesfay	PROPN
ajeer-230	453	7	and	and	CCONJ
ajeer-230	453	8	a.	a.	NOUN
ajeer-230	453	9	tesfay	tesfay	PROPN
ajeer-230	453	10	,	,	PUNCT
ajeer-230	453	11	2013	2013	NUM
ajeer-230	453	12	.	.	PUNCT
ajeer-230	454	1	relative	relative	ADJ
ajeer-230	454	2	efficiency	efficiency	NOUN
ajeer-230	454	3	of	of	ADP
ajeer-230	454	4	rural	rural	ADJ
ajeer-230	454	5	saving	saving	NOUN
ajeer-230	454	6	and	and	CCONJ
ajeer-230	454	7	credit	credit	NOUN
ajeer-230	454	8	co	co	NOUN
ajeer-230	454	9	-	-	NOUN
ajeer-230	454	10	operatives	operative	NOUN
ajeer-230	454	11	:	:	PUNCT
ajeer-230	454	12	an	an	DET
ajeer-230	454	13	application	application	NOUN
ajeer-230	454	14	of	of	ADP
ajeer-230	454	15	date	date	NOUN
ajeer-230	454	16	envelopment	envelopment	NOUN
ajeer-230	454	17	analyisis	analyisis	NOUN
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ajeer-230	455	10	):	):	PUNCT
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ajeer-230	458	5	-	-	ADJ
ajeer-230	458	6	operative	operative	ADJ
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ajeer-230	459	13	.	.	PUNCT
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ajeer-230	461	2	co	co	NOUN
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ajeer-230	461	10	.	.	PUNCT
ajeer-230	462	1	the	the	DET
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ajeer-230	462	3	-	-	ADJ
ajeer-230	462	4	operative	operative	ADJ
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ajeer-230	462	6	for	for	ADP
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ajeer-230	464	10	.	.	PUNCT
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ajeer-230	466	7	.	.	PUNCT
ajeer-230	467	1	retrieved	retrieve	VERB
ajeer-230	467	2	from	from	ADP
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ajeer-230	467	4	[	[	X
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ajeer-230	468	6	.	.	PUNCT
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ajeer-230	480	9	slack	slack	NOUN
ajeer-230	480	10	tr	tr	NOUN
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ajeer-230	480	13	-0.4108	-0.4108	NOUN
ajeer-230	480	14	-0.4108	-0.4108	VERB
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ajeer-230	480	16	0.4108	0.4108	NUM
ajeer-230	480	17	slack	slack	NOUN
ajeer-230	480	18	lm	lm	INTJ
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ajeer-230	481	2	slack	slack	NOUN
ajeer-230	481	3	nocf	nocf	PROPN
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ajeer-230	481	7	-0.4108	-0.4108	VERB
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ajeer-230	481	9	0.4108	0.4108	NUM
ajeer-230	481	10	slack	slack	NOUN
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ajeer-230	481	22	ncfma	ncfma	PROPN
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ajeer-230	481	24	cpi	cpi	PROPN
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ajeer-230	481	26	goklb	goklb	PROPN
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ajeer-230	481	28	1	1	NUM
ajeer-230	481	29	clr	clr	VERB
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ajeer-230	481	31	1	1	NUM
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ajeer-230	482	2	1	1	NUM
ajeer-230	482	3	w	w	ADP
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ajeer-230	482	7	1	1	NUM
ajeer-230	482	8	ncfma	ncfma	NOUN
ajeer-230	482	9	0.6833	0.6833	NUM
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ajeer-230	482	12	-0.1111	-0.1111	X
ajeer-230	482	13	1	1	NUM
ajeer-230	482	14	ms	ms	NOUN
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ajeer-230	482	19	0.1333	0.1333	NUM
ajeer-230	482	20	1	1	NUM
ajeer-230	482	21	cpi	cpi	NOUN
ajeer-230	482	22	0.2992	0.2992	NUM
ajeer-230	482	23	-0.163	-0.163	NOUN
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ajeer-230	482	28	1	1	NUM
ajeer-230	482	29	gdp	gdp	NOUN
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ajeer-230	482	31	0.2952	0.2952	NUM
ajeer-230	482	32	0.4164	0.4164	NUM
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ajeer-230	482	34	-0.1453	-0.1453	NOUN
ajeer-230	483	1	0.0513	0.0513	NUM
ajeer-230	483	2	0.9474	0.9474	NUM
ajeer-230	483	3	1	1	NUM
ajeer-230	483	4	goklb	goklb	VERB
ajeer-230	483	5	0.1111	0.1111	NUM
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ajeer-230	483	8	-0.6842	-0.6842	ADJ
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ajeer-230	483	13	1	1	NUM
ajeer-230	483	14	insp	insp	PROPN
ajeer-230	483	15	-0.1111	-0.1111	PROPN
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ajeer-230	484	9	flib	flib	NOUN
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ajeer-230	485	1	0.5624	0.5624	NUM
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ajeer-230	485	6	-0.7193	-0.7193	NOUN
ajeer-230	486	1	0.9825	0.9825	NUM
ajeer-230	486	2	wc	wc	PROPN
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ajeer-230	486	8	0.6167	0.6167	NUM
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ajeer-230	486	12	bond	bond	NOUN
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ajeer-230	486	22	fi	fi	NOUN
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ajeer-230	486	33	tr	tr	NOUN
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ajeer-230	489	8	slack	slack	NOUN
ajeer-230	489	9	nocf	nocf	PROPN
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ajeer-230	492	1	0.4215	0.4215	NUM
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ajeer-230	492	5	-0.5179	-0.5179	X
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ajeer-230	492	19	slacktr	slacktr	ADJ
ajeer-230	492	20	slack	slack	NOUN
ajeer-230	492	21	lm	lm	INTJ
ajeer-230	493	1	slackno	slackno	PROPN
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ajeer-230	494	1	1	1	NUM
ajeer-230	494	2	wc	wc	NOUN
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ajeer-230	494	5	1	1	NUM
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ajeer-230	494	10	1	1	NUM
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ajeer-230	494	16	1	1	NUM
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ajeer-230	494	20	0.1405	0.1405	NUM
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ajeer-230	495	3	1	1	NUM
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ajeer-230	495	5	lm	lm	INTJ
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ajeer-230	495	12	1	1	NUM
ajeer-230	495	13	slack	slack	VERB
ajeer-230	495	14	nocf	nocf	NOUN
ajeer-230	495	15	0.1405	0.1405	NUM
ajeer-230	495	16	0.1405	0.1405	NUM
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ajeer-230	496	1	0.5595	0.5595	NUM
ajeer-230	496	2	-0.2739	-0.2739	NOUN
ajeer-230	496	3	1	1	NUM
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ajeer-230	496	5	1	1	NUM
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ajeer-230	496	7	div	div	X
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ajeer-230	497	3	1	1	NUM
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ajeer-230	497	5	:	:	PUNCT
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ajeer-230	497	7	(	(	PUNCT
ajeer-230	497	8	2015	2015	NUM
ajeer-230	497	9	)	)	PUNCT
ajeer-230	497	10	ap.ii	ap.ii	PROPN
ajeer-230	497	11	:	:	PUNCT
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ajeer-230	497	26	members	member	NOUN
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ajeer-230	497	28	funds	fund	NOUN
ajeer-230	497	29	(	(	PUNCT
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ajeer-230	497	31	share	share	VERB
ajeer-230	497	32	common	common	ADJ
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ajeer-230	497	34	)	)	PUNCT
ajeer-230	497	35	to	to	ADP
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ajeer-230	497	38	where	where	SCONJ
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ajeer-230	497	47	2015	2015	NUM
ajeer-230	497	48	)	)	PUNCT
ajeer-230	497	49	.	.	PUNCT
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ajeer-230	498	3	:	:	PUNCT
ajeer-230	498	4	saccos	saccos	PROPN
ajeer-230	498	5	’	'	PUNCT
ajeer-230	498	6	excessive	excessive	ADJ
ajeer-230	498	7	cost	cost	NOUN
ajeer-230	498	8	relative	relative	ADJ
ajeer-230	498	9	to	to	ADP
ajeer-230	498	10	the	the	DET
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ajeer-230	498	12	.	.	PUNCT
ajeer-230	499	1	it	it	PRON
ajeer-230	499	2	is	be	AUX
ajeer-230	499	3	the	the	DET
ajeer-230	499	4	difference	difference	NOUN
ajeer-230	499	5	between	between	ADP
ajeer-230	499	6	a	a	DET
ajeer-230	499	7	benchmark	benchmark	NOUN
ajeer-230	499	8	and	and	CCONJ
ajeer-230	499	9	achieved	achieve	VERB
ajeer-230	499	10	performance	performance	NOUN
ajeer-230	499	11	i.e.	i.e.	X
ajeer-230	499	12	x	x	NOUN
ajeer-230	499	13	-	-	NOUN
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ajeer-230	499	15	(	(	PUNCT
ajeer-230	499	16	or	or	CCONJ
ajeer-230	499	17	proxy	proxy	NOUN
ajeer-230	499	18	of	of	ADP
ajeer-230	499	19	agency	agency	NOUN
ajeer-230	499	20	costs	cost	NOUN
ajeer-230	499	21	)	)	PUNCT
ajeer-230	499	22	(	(	PUNCT
ajeer-230	499	23	pagano	pagano	NOUN
ajeer-230	499	24	et	et	PROPN
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ajeer-230	499	26	.	.	PROPN
ajeer-230	499	27	,	,	PUNCT
ajeer-230	499	28	1997	1997	NUM
ajeer-230	499	29	)	)	PUNCT
ajeer-230	499	30	.	.	PUNCT
ajeer-230	500	1	credit	credit	NOUN
ajeer-230	500	2	and	and	CCONJ
ajeer-230	500	3	savings	saving	NOUN
ajeer-230	500	4	co	co	NOUN
ajeer-230	500	5	-	-	NOUN
ajeer-230	500	6	operatives	operative	NOUN
ajeer-230	500	7	:	:	PUNCT
ajeer-230	500	8	saccos	sacco	NOUN
ajeer-230	500	9	relying	rely	VERB
ajeer-230	500	10	too	too	ADV
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ajeer-230	500	15	of	of	ADP
ajeer-230	500	16	funds	fund	NOUN
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ajeer-230	500	18	share	share	NOUN
ajeer-230	500	19	capital	capital	NOUN
ajeer-230	500	20	,	,	PUNCT
ajeer-230	500	21	reserves	reserve	NOUN
ajeer-230	500	22	and	and	CCONJ
ajeer-230	500	23	member	member	NOUN
ajeer-230	500	24	deposits	deposit	NOUN
ajeer-230	500	25	(	(	PUNCT
ajeer-230	500	26	research	research	NOUN
ajeer-230	500	27	,	,	PUNCT
ajeer-230	500	28	2015	2015	NUM
ajeer-230	500	29	)	)	PUNCT
ajeer-230	500	30	.	.	PUNCT
ajeer-230	501	1	asian	asian	ADJ
ajeer-230	501	2	journal	journal	PROPN
ajeer-230	501	3	of	of	ADP
ajeer-230	501	4	economics	economic	NOUN
ajeer-230	501	5	and	and	CCONJ
ajeer-230	501	6	empirical	empirical	ADJ
ajeer-230	501	7	research	research	NOUN
ajeer-230	501	8	,	,	PUNCT
ajeer-230	501	9	2017	2017	NUM
ajeer-230	501	10	,	,	PUNCT
ajeer-230	501	11	4(2	4(2	NUM
ajeer-230	501	12	):	):	PUNCT
ajeer-230	501	13	49	49	NUM
ajeer-230	501	14	-	-	SYM
ajeer-230	501	15	60	60	NUM
ajeer-230	501	16	60	60	NUM
ajeer-230	501	17	dea	dea	NOUN
ajeer-230	501	18	:	:	PUNCT
ajeer-230	501	19	data	datum	NOUN
ajeer-230	501	20	envelopment	envelopment	ADJ
ajeer-230	501	21	analysis	analysis	NOUN
ajeer-230	501	22	earnings	earning	NOUN
ajeer-230	501	23	management	management	NOUN
ajeer-230	501	24	:	:	PUNCT
ajeer-230	501	25	in	in	ADP
ajeer-230	501	26	an	an	DET
ajeer-230	501	27	organization	organization	NOUN
ajeer-230	501	28	when	when	SCONJ
ajeer-230	501	29	a	a	DET
ajeer-230	501	30	governor	governor	NOUN
ajeer-230	501	31	fidgets	fidget	VERB
ajeer-230	501	32	with	with	ADP
ajeer-230	501	33	accounting	accounting	NOUN
ajeer-230	501	34	numbers	number	NOUN
ajeer-230	501	35	in	in	ADP
ajeer-230	501	36	order	order	NOUN
ajeer-230	501	37	to	to	PART
ajeer-230	501	38	report	report	VERB
ajeer-230	501	39	higher	high	ADJ
ajeer-230	501	40	profits	profit	NOUN
ajeer-230	501	41	and	and	CCONJ
ajeer-230	501	42	subsequently	subsequently	ADV
ajeer-230	501	43	pay	pay	VERB
ajeer-230	501	44	high	high	ADJ
ajeer-230	501	45	dividends	dividend	NOUN
ajeer-230	501	46	is	be	AUX
ajeer-230	501	47	what	what	PRON
ajeer-230	501	48	is	be	AUX
ajeer-230	501	49	known	know	VERB
ajeer-230	501	50	as	as	ADP
ajeer-230	501	51	earnings	earning	NOUN
ajeer-230	501	52	management	management	NOUN
ajeer-230	501	53	(	(	PUNCT
ajeer-230	501	54	barth	barth	NOUN
ajeer-230	501	55	et	et	PROPN
ajeer-230	501	56	al	al	PROPN
ajeer-230	501	57	.	.	PROPN
ajeer-230	501	58	,	,	PUNCT
ajeer-230	501	59	2007	2007	NUM
ajeer-230	501	60	)	)	PUNCT
ajeer-230	501	61	.	.	PUNCT
ajeer-230	502	1	financial	financial	ADJ
ajeer-230	502	2	liberalization	liberalization	NOUN
ajeer-230	502	3	(	(	PUNCT
ajeer-230	502	4	fl	fl	NOUN
ajeer-230	502	5	):	):	PUNCT
ajeer-230	502	6	measured	measure	VERB
ajeer-230	502	7	by	by	ADP
ajeer-230	502	8	monetary	monetary	ADJ
ajeer-230	502	9	aggregate	aggregate	NOUN
ajeer-230	502	10	(	(	PUNCT
ajeer-230	502	11	money	money	NOUN
ajeer-230	502	12	supply	supply	NOUN
ajeer-230	502	13	or	or	CCONJ
ajeer-230	502	14	m3xt	m3xt	NOUN
ajeer-230	502	15	)	)	PUNCT
ajeer-230	502	16	to	to	ADP
ajeer-230	502	17	gdp	gdp	PROPN
ajeer-230	502	18	(	(	PUNCT
ajeer-230	502	19	cooper	cooper	PROPN
ajeer-230	502	20	et	et	PROPN
ajeer-230	502	21	al	al	PROPN
ajeer-230	502	22	.	.	PROPN
ajeer-230	502	23	,	,	PUNCT
ajeer-230	502	24	2007	2007	NUM
ajeer-230	502	25	;	;	PUNCT
ajeer-230	502	26	research	research	NOUN
ajeer-230	502	27	,	,	PUNCT
ajeer-230	502	28	2015	2015	NUM
ajeer-230	502	29	)	)	PUNCT
ajeer-230	502	30	.	.	PUNCT
ajeer-230	503	1	gok	gok	PROPN
ajeer-230	503	2	net	net	PROPN
ajeer-230	503	3	lending	lending	NOUN
ajeer-230	503	4	/	/	SYM
ajeer-230	503	5	borrowing	borrowing	NOUN
ajeer-230	503	6	as	as	ADP
ajeer-230	503	7	%	%	NOUN
ajeer-230	503	8	of	of	ADP
ajeer-230	503	9	gdp	gdp	NOUN
ajeer-230	503	10	(	(	PUNCT
ajeer-230	503	11	goklb	goklb	PROPN
ajeer-230	503	12	):	):	PUNCT
ajeer-230	503	13	it	it	PRON
ajeer-230	503	14	measures	measure	VERB
ajeer-230	503	15	the	the	DET
ajeer-230	503	16	extent	extent	NOUN
ajeer-230	503	17	government	government	NOUN
ajeer-230	503	18	is	be	AUX
ajeer-230	503	19	either	either	CCONJ
ajeer-230	503	20	putting	put	VERB
ajeer-230	503	21	financial	financial	ADJ
ajeer-230	503	22	resources	resource	NOUN
ajeer-230	503	23	at	at	ADP
ajeer-230	503	24	the	the	DET
ajeer-230	503	25	disposal	disposal	NOUN
ajeer-230	503	26	of	of	ADP
ajeer-230	503	27	other	other	ADJ
ajeer-230	503	28	sectors	sector	NOUN
ajeer-230	503	29	in	in	ADP
ajeer-230	503	30	the	the	DET
ajeer-230	503	31	economy	economy	NOUN
ajeer-230	503	32	(	(	PUNCT
ajeer-230	503	33	world	world	PROPN
ajeer-230	503	34	bank	bank	PROPN
ajeer-230	503	35	,	,	PUNCT
ajeer-230	503	36	2014	2014	NUM
ajeer-230	503	37	)	)	PUNCT
ajeer-230	503	38	.	.	PUNCT
ajeer-230	504	1	this	this	PRON
ajeer-230	504	2	is	be	AUX
ajeer-230	504	3	a	a	DET
ajeer-230	504	4	proxy	proxy	NOUN
ajeer-230	504	5	for	for	ADP
ajeer-230	504	6	financial	financial	ADJ
ajeer-230	504	7	depth	depth	NOUN
ajeer-230	504	8	and	and	CCONJ
ajeer-230	504	9	innovative	innovative	ADJ
ajeer-230	504	10	activities	activity	NOUN
ajeer-230	504	11	in	in	ADP
ajeer-230	504	12	kenya	kenya	PROPN
ajeer-230	504	13	.	.	PUNCT
ajeer-230	505	1	inefficiency	inefficiency	NOUN
ajeer-230	505	2	(	(	PUNCT
ajeer-230	505	3	management	management	NOUN
ajeer-230	505	4	inefficiency	inefficiency	NOUN
ajeer-230	505	5	):	):	PUNCT
ajeer-230	505	6	the	the	DET
ajeer-230	505	7	proportion	proportion	NOUN
ajeer-230	505	8	by	by	ADP
ajeer-230	505	9	which	which	PRON
ajeer-230	505	10	the	the	DET
ajeer-230	505	11	observed	observed	ADJ
ajeer-230	505	12	outcome	outcome	NOUN
ajeer-230	505	13	or	or	CCONJ
ajeer-230	505	14	goal	goal	NOUN
ajeer-230	505	15	attainment	attainment	ADJ
ajeer-230	505	16	fall	fall	NOUN
ajeer-230	505	17	short	short	ADV
ajeer-230	505	18	of	of	ADP
ajeer-230	505	19	optimum	optimum	ADJ
ajeer-230	505	20	level	level	NOUN
ajeer-230	505	21	.	.	PUNCT
ajeer-230	506	1	it	it	PRON
ajeer-230	506	2	is	be	AUX
ajeer-230	506	3	represented	represent	VERB
ajeer-230	506	4	by	by	ADP
ajeer-230	506	5	one	one	NUM
ajeer-230	506	6	-	-	PUNCT
ajeer-230	506	7	sided	side	VERB
ajeer-230	506	8	error	error	NOUN
ajeer-230	506	9	term	term	NOUN
ajeer-230	506	10	(	(	PUNCT
ajeer-230	506	11	rjtu	rjtu	PROPN
ajeer-230	506	12	)	)	PUNCT
ajeer-230	506	13	with	with	ADP
ajeer-230	506	14	a	a	DET
ajeer-230	506	15	non	non	ADJ
ajeer-230	506	16	-	-	ADJ
ajeer-230	506	17	zero	zero	NUM
ajeer-230	506	18	mean	mean	NOUN
ajeer-230	506	19	.	.	PUNCT
ajeer-230	507	1	rjtu	rjtu	PROPN
ajeer-230	507	2	is	be	AUX
ajeer-230	507	3	normally	normally	ADV
ajeer-230	507	4	assumed	assume	VERB
ajeer-230	507	5	to	to	PART
ajeer-230	507	6	be	be	AUX
ajeer-230	507	7	truncated	truncate	VERB
ajeer-230	507	8	-	-	PUNCT
ajeer-230	507	9	normal	normal	ADJ
ajeer-230	507	10	(	(	PUNCT
ajeer-230	507	11	aigner	aigner	PROPN
ajeer-230	507	12	et	et	PROPN
ajeer-230	507	13	al	al	PROPN
ajeer-230	507	14	.	.	PROPN
ajeer-230	507	15	,	,	PUNCT
ajeer-230	507	16	1977	1977	NUM
ajeer-230	507	17	;	;	PUNCT
ajeer-230	507	18	greene	greene	PROPN
ajeer-230	507	19	,	,	PUNCT
ajeer-230	507	20	2012	2012	NUM
ajeer-230	507	21	)	)	PUNCT
ajeer-230	507	22	.	.	PUNCT
ajeer-230	508	1	inflation	inflation	NOUN
ajeer-230	508	2	consumer	consumer	NOUN
ajeer-230	508	3	price	price	NOUN
ajeer-230	508	4	index	index	NOUN
ajeer-230	508	5	(	(	PUNCT
ajeer-230	508	6	cpi	cpi	NOUN
ajeer-230	508	7	):	):	PUNCT
ajeer-230	508	8	measures	measure	NOUN
ajeer-230	508	9	changes	change	NOUN
ajeer-230	508	10	in	in	ADP
ajeer-230	508	11	prices	price	NOUN
ajeer-230	508	12	of	of	ADP
ajeer-230	508	13	goods	good	NOUN
ajeer-230	508	14	and	and	CCONJ
ajeer-230	508	15	services	service	NOUN
ajeer-230	508	16	that	that	PRON
ajeer-230	508	17	households	household	NOUN
ajeer-230	508	18	consume	consume	VERB
ajeer-230	508	19	that	that	PRON
ajeer-230	508	20	affect	affect	VERB
ajeer-230	508	21	the	the	DET
ajeer-230	508	22	consumers	consumer	NOUN
ajeer-230	508	23	’	'	PUNCT
ajeer-230	508	24	real	real	ADJ
ajeer-230	508	25	purchasing	purchasing	NOUN
ajeer-230	508	26	power	power	NOUN
ajeer-230	508	27	and	and	CCONJ
ajeer-230	508	28	their	their	PRON
ajeer-230	508	29	welfare	welfare	NOUN
ajeer-230	508	30	in	in	ADP
ajeer-230	508	31	kenya	kenya	PROPN
ajeer-230	508	32	.	.	PUNCT
ajeer-230	509	1	cpi	cpi	PROPN
ajeer-230	509	2	and	and	CCONJ
ajeer-230	509	3	gdp	gdp	PROPN
ajeer-230	509	4	deflator	deflator	NOUN
ajeer-230	509	5	are	be	AUX
ajeer-230	509	6	cross	cross	ADJ
ajeer-230	509	7	-	-	ADJ
ajeer-230	509	8	correlated	correlated	ADJ
ajeer-230	509	9	(	(	PUNCT
ajeer-230	509	10	reis	reis	NOUN
ajeer-230	509	11	and	and	CCONJ
ajeer-230	509	12	mankiw	mankiw	NOUN
ajeer-230	509	13	,	,	PUNCT
ajeer-230	509	14	2001	2001	NUM
ajeer-230	509	15	)	)	PUNCT
ajeer-230	509	16	.	.	PUNCT
ajeer-230	510	1	a	a	DET
ajeer-230	510	2	proxy	proxy	NOUN
ajeer-230	510	3	for	for	ADP
ajeer-230	510	4	market	market	NOUN
ajeer-230	510	5	condition	condition	NOUN
ajeer-230	510	6	.	.	PUNCT
ajeer-230	511	1	interest	interest	NOUN
ajeer-230	511	2	spread	spread	NOUN
ajeer-230	511	3	(	(	PUNCT
ajeer-230	511	4	insp	insp	PROPN
ajeer-230	511	5	):	):	PUNCT
ajeer-230	511	6	average	average	ADJ
ajeer-230	511	7	lending	lending	NOUN
ajeer-230	511	8	rate	rate	NOUN
ajeer-230	511	9	minus	minus	CCONJ
ajeer-230	511	10	average	average	ADJ
ajeer-230	511	11	borrowing	borrowing	NOUN
ajeer-230	511	12	rate	rate	NOUN
ajeer-230	511	13	(	(	PUNCT
ajeer-230	511	14	world	world	PROPN
ajeer-230	511	15	bank	bank	PROPN
ajeer-230	511	16	,	,	PUNCT
ajeer-230	511	17	2014	2014	NUM
ajeer-230	511	18	)	)	PUNCT
ajeer-230	511	19	.	.	PUNCT
ajeer-230	512	1	a	a	DET
ajeer-230	512	2	proxy	proxy	NOUN
ajeer-230	512	3	for	for	ADP
ajeer-230	512	4	risk	risk	NOUN
ajeer-230	512	5	pricing	pricing	NOUN
ajeer-230	512	6	in	in	ADP
ajeer-230	512	7	kenya	kenya	PROPN
ajeer-230	512	8	liberalization	liberalization	NOUN
ajeer-230	512	9	period	period	NOUN
ajeer-230	512	10	(	(	PUNCT
ajeer-230	512	11	lp	lp	NOUN
ajeer-230	512	12	):	):	PUNCT
ajeer-230	512	13	era	era	NOUN
ajeer-230	512	14	of	of	ADP
ajeer-230	512	15	economic	economic	ADJ
ajeer-230	512	16	reforms	reform	NOUN
ajeer-230	512	17	specifically	specifically	ADV
ajeer-230	512	18	1980s-1990s	1980s-1990s	NUM
ajeer-230	512	19	and	and	CCONJ
ajeer-230	512	20	after	after	ADP
ajeer-230	512	21	(	(	PUNCT
ajeer-230	512	22	research	research	NOUN
ajeer-230	512	23	,	,	PUNCT
ajeer-230	512	24	2015	2015	NUM
ajeer-230	512	25	)	)	PUNCT
ajeer-230	512	26	.	.	PUNCT
ajeer-230	513	1	money	money	NOUN
ajeer-230	513	2	supply	supply	NOUN
ajeer-230	513	3	(	(	PUNCT
ajeer-230	513	4	m3xt	m3xt	NOUN
ajeer-230	513	5	):	):	PUNCT
ajeer-230	513	6	m3xt	m3xt	X
ajeer-230	513	7	is	be	AUX
ajeer-230	513	8	the	the	DET
ajeer-230	513	9	currency	currency	NOUN
ajeer-230	513	10	in	in	ADP
ajeer-230	513	11	circulation	circulation	NOUN
ajeer-230	513	12	measure	measure	NOUN
ajeer-230	513	13	in	in	ADP
ajeer-230	513	14	kenya	kenya	PROPN
ajeer-230	513	15	that	that	PRON
ajeer-230	513	16	is	be	AUX
ajeer-230	513	17	all	all	ADV
ajeer-230	513	18	-	-	PUNCT
ajeer-230	513	19	encompassing	encompass	VERB
ajeer-230	513	20	(	(	PUNCT
ajeer-230	513	21	khainga	khainga	ADJ
ajeer-230	513	22	,	,	PUNCT
ajeer-230	513	23	2014	2014	NUM
ajeer-230	513	24	)	)	PUNCT
ajeer-230	513	25	.	.	PUNCT
ajeer-230	514	1	post	post	NOUN
ajeer-230	514	2	-	-	NOUN
ajeer-230	514	3	liberalization	liberalization	NOUN
ajeer-230	514	4	:	:	PUNCT
ajeer-230	514	5	after	after	ADP
ajeer-230	514	6	amendment	amendment	NOUN
ajeer-230	514	7	of	of	ADP
ajeer-230	514	8	co	co	NOUN
ajeer-230	514	9	-	-	NOUN
ajeer-230	514	10	operatives	operative	NOUN
ajeer-230	514	11	act	act	NOUN
ajeer-230	514	12	,	,	PUNCT
ajeer-230	514	13	2004	2004	NUM
ajeer-230	514	14	(	(	PUNCT
ajeer-230	514	15	research	research	NOUN
ajeer-230	514	16	,	,	PUNCT
ajeer-230	514	17	2015	2015	NUM
ajeer-230	514	18	)	)	PUNCT
ajeer-230	514	19	.	.	PUNCT
ajeer-230	515	1	pre	pre	ADJ
ajeer-230	515	2	-	-	ADJ
ajeer-230	515	3	regulation	regulation	ADJ
ajeer-230	515	4	period	period	NOUN
ajeer-230	515	5	:	:	PUNCT
ajeer-230	515	6	2010	2010	NUM
ajeer-230	515	7	and	and	CCONJ
ajeer-230	515	8	before	before	ADP
ajeer-230	515	9	sasra	sasra	NOUN
ajeer-230	515	10	time	time	NOUN
ajeer-230	515	11	-	-	PUNCT
ajeer-230	515	12	from	from	ADP
ajeer-230	515	13	2007	2007	NUM
ajeer-230	515	14	(	(	PUNCT
ajeer-230	515	15	research	research	NOUN
ajeer-230	515	16	,	,	PUNCT
ajeer-230	515	17	2015	2015	NUM
ajeer-230	515	18	)	)	PUNCT
ajeer-230	515	19	.	.	PUNCT
ajeer-230	516	1	regulation	regulation	NOUN
ajeer-230	516	2	period	period	NOUN
ajeer-230	516	3	:	:	PUNCT
ajeer-230	516	4	during	during	ADP
ajeer-230	516	5	sasra	sasra	NOUN
ajeer-230	516	6	from	from	ADP
ajeer-230	516	7	2011	2011	NUM
ajeer-230	516	8	and	and	CCONJ
ajeer-230	516	9	after	after	ADP
ajeer-230	516	10	to	to	ADP
ajeer-230	516	11	2014	2014	NUM
ajeer-230	516	12	(	(	PUNCT
ajeer-230	516	13	research	research	NOUN
ajeer-230	516	14	,	,	PUNCT
ajeer-230	516	15	2015	2015	NUM
ajeer-230	516	16	)	)	PUNCT
ajeer-230	516	17	.	.	PUNCT
ajeer-230	517	1	sasra	sasra	NOUN
ajeer-230	517	2	license	license	NOUN
ajeer-230	517	3	:	:	PUNCT
ajeer-230	517	4	saccos	saccos	PROPN
ajeer-230	517	5	operating	operating	NOUN
ajeer-230	517	6	fosa	fosa	PROPN
ajeer-230	517	7	were	be	AUX
ajeer-230	517	8	required	require	VERB
ajeer-230	517	9	by	by	ADP
ajeer-230	517	10	saccos	saccos	PROPN
ajeer-230	517	11	societies	societies	PROPN
ajeer-230	517	12	regulation	regulation	VERB
ajeer-230	517	13	2010	2010	NUM
ajeer-230	517	14	of	of	ADP
ajeer-230	517	15	the	the	DET
ajeer-230	517	16	sacco	sacco	PROPN
ajeer-230	517	17	societies	societies	PROPN
ajeer-230	517	18	act	act	PROPN
ajeer-230	517	19	,	,	PUNCT
ajeer-230	517	20	2008	2008	NUM
ajeer-230	517	21	to	to	PART
ajeer-230	517	22	have	have	AUX
ajeer-230	517	23	applied	apply	VERB
ajeer-230	517	24	for	for	ADP
ajeer-230	517	25	license	license	NOUN
ajeer-230	517	26	by	by	ADP
ajeer-230	517	27	17	17	NUM
ajeer-230	517	28	june	june	PROPN
ajeer-230	517	29	2011	2011	NUM
ajeer-230	517	30	(	(	PUNCT
ajeer-230	517	31	ssa	ssa	NOUN
ajeer-230	517	32	,	,	PUNCT
ajeer-230	517	33	2008	2008	NUM
ajeer-230	517	34	)	)	PUNCT
ajeer-230	517	35	.	.	PUNCT
ajeer-230	518	1	slack	slack	NOUN
ajeer-230	518	2	:	:	PUNCT
ajeer-230	518	3	amount	amount	NOUN
ajeer-230	518	4	by	by	ADP
ajeer-230	518	5	which	which	PRON
ajeer-230	518	6	either	either	CCONJ
ajeer-230	518	7	an	an	DET
ajeer-230	518	8	output	output	NOUN
ajeer-230	518	9	or	or	CCONJ
ajeer-230	518	10	input	input	NOUN
ajeer-230	518	11	fail	fail	VERB
ajeer-230	518	12	to	to	PART
ajeer-230	518	13	attain	attain	VERB
ajeer-230	518	14	the	the	DET
ajeer-230	518	15	optimal	optimal	ADJ
ajeer-230	518	16	efficiency	efficiency	NOUN
ajeer-230	518	17	.	.	PUNCT
ajeer-230	519	1	it	it	PRON
ajeer-230	519	2	is	be	AUX
ajeer-230	519	3	an	an	DET
ajeer-230	519	4	equivalent	equivalent	NOUN
ajeer-230	519	5	of	of	ADP
ajeer-230	519	6	inefficiency	inefficiency	NOUN
ajeer-230	519	7	level	level	NOUN
ajeer-230	519	8	(	(	PUNCT
ajeer-230	519	9	cooper	cooper	NOUN
ajeer-230	519	10	et	et	PROPN
ajeer-230	519	11	al	al	PROPN
ajeer-230	519	12	.	.	PROPN
ajeer-230	519	13	,	,	PUNCT
ajeer-230	519	14	2007	2007	NUM
ajeer-230	519	15	)	)	PUNCT
ajeer-230	519	16	.	.	PUNCT
ajeer-230	520	1	specific	specific	ADJ
ajeer-230	520	2	predictor	predictor	NOUN
ajeer-230	520	3	variables	variable	NOUN
ajeer-230	520	4	:	:	PUNCT
ajeer-230	520	5	independent	independent	ADJ
ajeer-230	520	6	study	study	NOUN
ajeer-230	520	7	variables	variable	NOUN
ajeer-230	520	8	(	(	PUNCT
ajeer-230	520	9	variance	variance	NOUN
ajeer-230	520	10	regressors	regressor	NOUN
ajeer-230	520	11	)	)	PUNCT
ajeer-230	520	12	that	that	PRON
ajeer-230	520	13	exclude	exclude	VERB
ajeer-230	520	14	the	the	DET
ajeer-230	520	15	macro	macro	ADJ
ajeer-230	520	16	-	-	ADJ
ajeer-230	520	17	economic	economic	ADJ
ajeer-230	520	18	independent	independent	ADJ
ajeer-230	520	19	variables	variable	NOUN
ajeer-230	520	20	(	(	PUNCT
ajeer-230	520	21	research	research	NOUN
ajeer-230	520	22	,	,	PUNCT
ajeer-230	520	23	2015	2015	NUM
ajeer-230	520	24	)	)	PUNCT
ajeer-230	520	25	.	.	PUNCT
ajeer-230	521	1	stochastic	stochastic	ADJ
ajeer-230	521	2	frontier	frontier	NOUN
ajeer-230	521	3	analysis	analysis	NOUN
ajeer-230	521	4	(	(	PUNCT
ajeer-230	521	5	sfa	sfa	PROPN
ajeer-230	521	6	):	):	PUNCT
ajeer-230	521	7	a	a	DET
ajeer-230	521	8	parametric	parametric	ADJ
ajeer-230	521	9	method	method	NOUN
ajeer-230	521	10	that	that	PRON
ajeer-230	521	11	can	can	AUX
ajeer-230	521	12	test	test	VERB
ajeer-230	521	13	hypotheses	hypothesis	NOUN
ajeer-230	521	14	and	and	CCONJ
ajeer-230	521	15	can	can	AUX
ajeer-230	521	16	accommodate	accommodate	VERB
ajeer-230	521	17	single	single	ADJ
ajeer-230	521	18	output	output	NOUN
ajeer-230	521	19	with	with	ADP
ajeer-230	521	20	multiple	multiple	ADJ
ajeer-230	521	21	inputs	input	NOUN
ajeer-230	521	22	.	.	PUNCT
ajeer-230	522	1	it	it	PRON
ajeer-230	522	2	also	also	ADV
ajeer-230	522	3	uses	use	VERB
ajeer-230	522	4	maximum	maximum	ADJ
ajeer-230	522	5	likelihood	likelihood	NOUN
ajeer-230	522	6	econometric	econometric	ADJ
ajeer-230	522	7	estimation	estimation	NOUN
ajeer-230	522	8	and	and	CCONJ
ajeer-230	522	9	decomposes	decompose	VERB
ajeer-230	522	10	the	the	DET
ajeer-230	522	11	error	error	NOUN
ajeer-230	522	12	term	term	NOUN
ajeer-230	522	13	(	(	PUNCT
ajeer-230	522	14	ᶒ	ᶒ	PROPN
ajeer-230	522	15	)	)	PUNCT
ajeer-230	522	16	into	into	ADP
ajeer-230	522	17	two	two	NUM
ajeer-230	522	18	components	component	NOUN
ajeer-230	522	19	(	(	PUNCT
ajeer-230	522	20	aigner	aigner	PROPN
ajeer-230	522	21	et	et	PROPN
ajeer-230	522	22	al	al	PROPN
ajeer-230	522	23	.	.	PROPN
ajeer-230	522	24	,	,	PUNCT
ajeer-230	522	25	1977	1977	NUM
ajeer-230	522	26	)	)	PUNCT
ajeer-230	522	27	.	.	PUNCT
ajeer-230	523	1	technically	technically	ADV
ajeer-230	523	2	efficient	efficient	ADJ
ajeer-230	523	3	:	:	PUNCT
ajeer-230	523	4	a	a	DET
ajeer-230	523	5	firm	firm	NOUN
ajeer-230	523	6	operates	operate	VERB
ajeer-230	523	7	on	on	ADP
ajeer-230	523	8	the	the	DET
ajeer-230	523	9	frontier	frontier	NOUN
ajeer-230	523	10	of	of	ADP
ajeer-230	523	11	the	the	DET
ajeer-230	523	12	production	production	NOUN
ajeer-230	523	13	technology	technology	NOUN
ajeer-230	523	14	(	(	PUNCT
ajeer-230	523	15	coelli	coelli	PROPN
ajeer-230	523	16	et	et	PROPN
ajeer-230	523	17	al	al	PROPN
ajeer-230	523	18	.	.	PROPN
ajeer-230	523	19	,	,	PUNCT
ajeer-230	523	20	1997	1997	NUM
ajeer-230	523	21	)	)	PUNCT
ajeer-230	523	22	.	.	PUNCT
ajeer-230	524	1	urban	urban	ADJ
ajeer-230	524	2	areas	area	NOUN
ajeer-230	524	3	:	:	PUNCT
ajeer-230	524	4	town	town	NOUN
ajeer-230	524	5	or	or	CCONJ
ajeer-230	524	6	municipality	municipality	NOUN
ajeer-230	524	7	area	area	NOUN
ajeer-230	524	8	.	.	PUNCT
ajeer-230	525	1	the	the	DET
ajeer-230	525	2	urban	urban	ADJ
ajeer-230	525	3	areas	area	NOUN
ajeer-230	525	4	are	be	AUX
ajeer-230	525	5	separated	separate	VERB
ajeer-230	525	6	from	from	ADP
ajeer-230	525	7	cities	city	NOUN
ajeer-230	525	8	according	accord	VERB
ajeer-230	525	9	to	to	ADP
ajeer-230	525	10	kenya	kenya	PROPN
ajeer-230	525	11	urban	urban	ADJ
ajeer-230	525	12	areas	area	NOUN
ajeer-230	525	13	and	and	CCONJ
ajeer-230	525	14	cities	city	NOUN
ajeer-230	525	15	act	act	PROPN
ajeer-230	525	16	,	,	PUNCT
ajeer-230	525	17	no.13	no.13	PROPN
ajeer-230	525	18	of	of	ADP
ajeer-230	525	19	2011	2011	NUM
ajeer-230	525	20	,	,	PUNCT
ajeer-230	525	21	revised	revise	VERB
ajeer-230	525	22	in	in	ADP
ajeer-230	525	23	2015	2015	NUM
ajeer-230	525	24	(	(	PUNCT
ajeer-230	525	25	research	research	NOUN
ajeer-230	525	26	,	,	PUNCT
ajeer-230	525	27	2015	2015	NUM
ajeer-230	525	28	)	)	PUNCT
ajeer-230	525	29	.	.	PUNCT
ajeer-230	526	1	asian	asian	ADJ
ajeer-230	526	2	online	online	PROPN
ajeer-230	526	3	journal	journal	PROPN
ajeer-230	526	4	publishing	publishing	NOUN
ajeer-230	526	5	group	group	NOUN
ajeer-230	526	6	is	be	AUX
ajeer-230	526	7	not	not	PART
ajeer-230	526	8	responsible	responsible	ADJ
ajeer-230	526	9	or	or	CCONJ
ajeer-230	526	10	answerable	answerable	ADJ
ajeer-230	526	11	for	for	ADP
ajeer-230	526	12	any	any	DET
ajeer-230	526	13	loss	loss	NOUN
ajeer-230	526	14	,	,	PUNCT
ajeer-230	526	15	damage	damage	NOUN
ajeer-230	526	16	or	or	CCONJ
ajeer-230	526	17	liability	liability	NOUN
ajeer-230	526	18	,	,	PUNCT
ajeer-230	526	19	etc	etc	X
ajeer-230	526	20	.	.	X
ajeer-230	526	21	caused	cause	VERB
ajeer-230	526	22	in	in	ADP
ajeer-230	526	23	relation	relation	NOUN
ajeer-230	526	24	to	to	PART
ajeer-230	526	25	/	/	PUNCT
ajeer-230	526	26	arising	arise	VERB
ajeer-230	526	27	out	out	ADP
ajeer-230	526	28	of	of	ADP
ajeer-230	526	29	the	the	DET
ajeer-230	526	30	use	use	NOUN
ajeer-230	526	31	of	of	ADP
ajeer-230	526	32	the	the	DET
ajeer-230	526	33	content	content	NOUN
ajeer-230	526	34	.	.	PUNCT
ajeer-230	527	1	any	any	DET
ajeer-230	527	2	queries	query	NOUN
ajeer-230	527	3	should	should	AUX
ajeer-230	527	4	be	be	AUX
ajeer-230	527	5	directed	direct	VERB
ajeer-230	527	6	to	to	ADP
ajeer-230	527	7	the	the	DET
ajeer-230	527	8	corresponding	corresponding	ADJ
ajeer-230	527	9	author	author	NOUN
ajeer-230	527	10	of	of	ADP
ajeer-230	527	11	the	the	DET
ajeer-230	527	12	article	article	NOUN
ajeer-230	527	13	.	.	PUNCT