id	sid	tid	token	lemma	pos
ajeer-259	1	1	191	191	NUM
ajeer-259	1	2	asian	asian	ADJ
ajeer-259	1	3	journal	journal	NOUN
ajeer-259	1	4	of	of	ADP
ajeer-259	1	5	economics	economic	NOUN
ajeer-259	1	6	and	and	CCONJ
ajeer-259	1	7	empirical	empirical	ADJ
ajeer-259	1	8	research	research	NOUN
ajeer-259	1	9	vol	vol	NOUN
ajeer-259	1	10	.	.	PROPN
ajeer-259	1	11	5	5	NUM
ajeer-259	1	12	,	,	PUNCT
ajeer-259	1	13	no	no	INTJ
ajeer-259	1	14	.	.	NOUN
ajeer-259	1	15	2	2	NUM
ajeer-259	1	16	,	,	PUNCT
ajeer-259	1	17	191	191	NUM
ajeer-259	1	18	-	-	SYM
ajeer-259	1	19	200	200	NUM
ajeer-259	1	20	,	,	PUNCT
ajeer-259	1	21	2018	2018	NUM
ajeer-259	1	22	issn(e	issn(e	NOUN
ajeer-259	1	23	)	)	PUNCT
ajeer-259	1	24	2409	2409	NUM
ajeer-259	1	25	-	-	SYM
ajeer-259	1	26	2622/	2622/	NUM
ajeer-259	1	27	issn(p	issn(p	NOUN
ajeer-259	1	28	)	)	PUNCT
ajeer-259	1	29	2518	2518	NUM
ajeer-259	1	30	-	-	PUNCT
ajeer-259	1	31	010x	010x	ADJ
ajeer-259	1	32	doi	doi	NOUN
ajeer-259	1	33	:	:	PUNCT
ajeer-259	1	34	10.20448	10.20448	NUM
ajeer-259	1	35	/	/	SYM
ajeer-259	1	36	journal.501.2018.52.191.200	journal.501.2018.52.191.200	NOUN
ajeer-259	1	37	stock	stock	NOUN
ajeer-259	1	38	market	market	NOUN
ajeer-259	1	39	efficiency	efficiency	NOUN
ajeer-259	1	40	and	and	CCONJ
ajeer-259	1	41	price	price	NOUN
ajeer-259	1	42	limits	limit	NOUN
ajeer-259	1	43	:	:	PUNCT
ajeer-259	1	44	evidence	evidence	NOUN
ajeer-259	1	45	from	from	ADP
ajeer-259	1	46	korea	korea	PROPN
ajeer-259	1	47	’s	’s	PART
ajeer-259	1	48	recent	recent	ADJ
ajeer-259	1	49	expansion	expansion	NOUN
ajeer-259	1	50	of	of	ADP
ajeer-259	1	51	price	price	NOUN
ajeer-259	1	52	limits	limit	NOUN
ajeer-259	1	53	h.	h.	PROPN
ajeer-259	1	54	r.	r.	PROPN
ajeer-259	1	55	seddighi1	seddighi1	PROPN
ajeer-259	1	56	il	il	PROPN
ajeer-259	1	57	-	-	PROPN
ajeer-259	1	58	hyun	hyun	PROPN
ajeer-259	1	59	yoon2	yoon2	PROPN
ajeer-259	1	60			PROPN
ajeer-259	1	61	(	(	PUNCT
ajeer-259	1	62			PROPN
ajeer-259	1	63	corresponding	correspond	VERB
ajeer-259	1	64	author	author	NOUN
ajeer-259	1	65	)	)	PUNCT
ajeer-259	1	66	1business	1business	NUM
ajeer-259	1	67	school	school	NOUN
ajeer-259	1	68	,	,	PUNCT
ajeer-259	1	69	university	university	NOUN
ajeer-259	1	70	of	of	ADP
ajeer-259	1	71	sunderland	sunderland	PROPN
ajeer-259	1	72	,	,	PUNCT
ajeer-259	1	73	st	st	PROPN
ajeer-259	1	74	.	.	PROPN
ajeer-259	1	75	peter	peter	PROPN
ajeer-259	1	76	’s	’s	PART
ajeer-259	1	77	campus	campus	PROPN
ajeer-259	1	78	,	,	PUNCT
ajeer-259	1	79	st	st	PROPN
ajeer-259	1	80	.	.	PROPN
ajeer-259	1	81	peters	peters	PROPN
ajeer-259	1	82	way	way	PROPN
ajeer-259	1	83	,	,	PUNCT
ajeer-259	1	84	sunderland	sunderland	PROPN
ajeer-259	1	85	,	,	PUNCT
ajeer-259	1	86	tyne	tyne	PROPN
ajeer-259	1	87	and	and	CCONJ
ajeer-259	1	88	wear	wear	VERB
ajeer-259	1	89	sr6	sr6	NOUN
ajeer-259	1	90	0dd	0dd	NOUN
ajeer-259	2	1	uk	uk	PROPN
ajeer-259	2	2	2division	2division	NUM
ajeer-259	2	3	of	of	ADP
ajeer-259	2	4	business	business	NOUN
ajeer-259	2	5	administration	administration	PROPN
ajeer-259	2	6	,	,	PUNCT
ajeer-259	2	7	dongseo	dongseo	PROPN
ajeer-259	2	8	university	university	PROPN
ajeer-259	2	9	,	,	PUNCT
ajeer-259	2	10	47	47	NUM
ajeer-259	2	11	jurye	jurye	NOUN
ajeer-259	2	12	-	-	PUNCT
ajeer-259	2	13	ro	ro	PROPN
ajeer-259	2	14	,	,	PUNCT
ajeer-259	2	15	sasang	sasang	PROPN
ajeer-259	2	16	-	-	PUNCT
ajeer-259	2	17	gu	gu	PROPN
ajeer-259	2	18	,	,	PUNCT
ajeer-259	2	19	busan	busan	PROPN
ajeer-259	2	20	47011	47011	NUM
ajeer-259	2	21	korea	korea	PROPN
ajeer-259	2	22	abstract	abstract	ADV
ajeer-259	2	23	this	this	DET
ajeer-259	2	24	paper	paper	NOUN
ajeer-259	2	25	examines	examine	VERB
ajeer-259	2	26	the	the	DET
ajeer-259	2	27	efficiency	efficiency	NOUN
ajeer-259	2	28	of	of	ADP
ajeer-259	2	29	the	the	DET
ajeer-259	2	30	korean	korean	ADJ
ajeer-259	2	31	stock	stock	PROPN
ajeer-259	2	32	exchange	exchange	PROPN
ajeer-259	2	33	market	market	NOUN
ajeer-259	2	34	with	with	ADP
ajeer-259	2	35	reference	reference	NOUN
ajeer-259	2	36	to	to	ADP
ajeer-259	2	37	the	the	DET
ajeer-259	2	38	recent	recent	ADJ
ajeer-259	2	39	relaxation	relaxation	NOUN
ajeer-259	2	40	of	of	ADP
ajeer-259	2	41	price	price	NOUN
ajeer-259	2	42	limits	limit	NOUN
ajeer-259	2	43	effective	effective	ADJ
ajeer-259	2	44	on	on	ADP
ajeer-259	2	45	june	june	PROPN
ajeer-259	2	46	15	15	NUM
ajeer-259	2	47	,	,	PUNCT
ajeer-259	2	48	2015	2015	NUM
ajeer-259	2	49	for	for	ADP
ajeer-259	2	50	the	the	DET
ajeer-259	2	51	period	period	NOUN
ajeer-259	2	52	from	from	ADP
ajeer-259	2	53	january	january	PROPN
ajeer-259	2	54	2012	2012	NUM
ajeer-259	2	55	to	to	ADP
ajeer-259	2	56	november	november	PROPN
ajeer-259	2	57	2017	2017	NUM
ajeer-259	2	58	and	and	CCONJ
ajeer-259	2	59	compares	compare	VERB
ajeer-259	2	60	the	the	DET
ajeer-259	2	61	efficiency	efficiency	NOUN
ajeer-259	2	62	between	between	ADP
ajeer-259	2	63	sub	sub	NOUN
ajeer-259	2	64	-	-	NOUN
ajeer-259	2	65	periods	period	NOUN
ajeer-259	2	66	before	before	ADV
ajeer-259	2	67	and	and	CCONJ
ajeer-259	2	68	after	after	ADP
ajeer-259	2	69	the	the	DET
ajeer-259	2	70	police	police	NOUN
ajeer-259	2	71	change	change	NOUN
ajeer-259	2	72	which	which	PRON
ajeer-259	2	73	saw	see	VERB
ajeer-259	2	74	expansion	expansion	NOUN
ajeer-259	2	75	of	of	ADP
ajeer-259	2	76	daily	daily	ADJ
ajeer-259	2	77	price	price	NOUN
ajeer-259	2	78	limits	limit	NOUN
ajeer-259	2	79	from	from	ADP
ajeer-259	2	80	15	15	NUM
ajeer-259	2	81	%	%	NOUN
ajeer-259	2	82	to	to	PART
ajeer-259	2	83	30	30	NUM
ajeer-259	2	84	%	%	NOUN
ajeer-259	2	85	.	.	PUNCT
ajeer-259	3	1	the	the	DET
ajeer-259	3	2	daily	daily	ADJ
ajeer-259	3	3	returns	return	NOUN
ajeer-259	3	4	of	of	ADP
ajeer-259	3	5	the	the	DET
ajeer-259	3	6	market	market	NOUN
ajeer-259	3	7	index	index	NOUN
ajeer-259	3	8	and	and	CCONJ
ajeer-259	3	9	60	60	NUM
ajeer-259	3	10	stocks	stock	NOUN
ajeer-259	3	11	selected	select	VERB
ajeer-259	3	12	from	from	ADP
ajeer-259	3	13	different	different	ADJ
ajeer-259	3	14	industrial	industrial	ADJ
ajeer-259	3	15	sectors	sector	NOUN
ajeer-259	3	16	are	be	AUX
ajeer-259	3	17	used	use	VERB
ajeer-259	3	18	to	to	PART
ajeer-259	3	19	test	test	VERB
ajeer-259	3	20	the	the	DET
ajeer-259	3	21	random	random	ADJ
ajeer-259	3	22	walk	walk	NOUN
ajeer-259	3	23	hypothesis	hypothesis	NOUN
ajeer-259	3	24	under	under	ADP
ajeer-259	3	25	two	two	NUM
ajeer-259	3	26	different	different	ADJ
ajeer-259	3	27	price	price	NOUN
ajeer-259	3	28	limits	limit	NOUN
ajeer-259	3	29	regime	regime	NOUN
ajeer-259	3	30	using	use	VERB
ajeer-259	3	31	the	the	DET
ajeer-259	3	32	lo	lo	NOUN
ajeer-259	3	33	-	-	PUNCT
ajeer-259	3	34	mackinlay	mackinlay	NOUN
ajeer-259	3	35	variance	variance	NOUN
ajeer-259	3	36	ratio	ratio	NOUN
ajeer-259	3	37	tests	test	NOUN
ajeer-259	3	38	and	and	CCONJ
ajeer-259	3	39	multiple	multiple	ADJ
ajeer-259	3	40	variance	variance	NOUN
ajeer-259	3	41	ratio	ratio	NOUN
ajeer-259	3	42	tests	test	NOUN
ajeer-259	3	43	.	.	PUNCT
ajeer-259	4	1	the	the	DET
ajeer-259	4	2	empirical	empirical	ADJ
ajeer-259	4	3	evidence	evidence	NOUN
ajeer-259	4	4	found	find	VERB
ajeer-259	4	5	that	that	SCONJ
ajeer-259	4	6	the	the	DET
ajeer-259	4	7	market	market	NOUN
ajeer-259	4	8	index	index	NOUN
ajeer-259	4	9	showed	show	VERB
ajeer-259	4	10	weak	weak	ADJ
ajeer-259	4	11	form	form	NOUN
ajeer-259	4	12	market	market	NOUN
ajeer-259	4	13	efficiency	efficiency	NOUN
ajeer-259	4	14	along	along	ADP
ajeer-259	4	15	the	the	DET
ajeer-259	4	16	lines	line	NOUN
ajeer-259	4	17	of	of	ADP
ajeer-259	4	18	random	random	ADJ
ajeer-259	4	19	walk	walk	NOUN
ajeer-259	4	20	hypothesis	hypothesis	NOUN
ajeer-259	4	21	while	while	SCONJ
ajeer-259	4	22	individual	individual	ADJ
ajeer-259	4	23	sample	sample	NOUN
ajeer-259	4	24	stocks	stock	NOUN
ajeer-259	4	25	behaved	behave	VERB
ajeer-259	4	26	differently	differently	ADV
ajeer-259	4	27	according	accord	VERB
ajeer-259	4	28	to	to	ADP
ajeer-259	4	29	the	the	DET
ajeer-259	4	30	different	different	ADJ
ajeer-259	4	31	price	price	NOUN
ajeer-259	4	32	limits	limit	NOUN
ajeer-259	4	33	periods	period	NOUN
ajeer-259	4	34	.	.	PUNCT
ajeer-259	5	1	the	the	DET
ajeer-259	5	2	number	number	NOUN
ajeer-259	5	3	of	of	ADP
ajeer-259	5	4	stocks	stock	NOUN
ajeer-259	5	5	following	follow	VERB
ajeer-259	5	6	the	the	DET
ajeer-259	5	7	random	random	ADJ
ajeer-259	5	8	walk	walk	NOUN
ajeer-259	5	9	process	process	NOUN
ajeer-259	5	10	increased	increase	VERB
ajeer-259	5	11	under	under	ADP
ajeer-259	5	12	the	the	DET
ajeer-259	5	13	30	30	NUM
ajeer-259	5	14	%	%	NOUN
ajeer-259	5	15	price	price	NOUN
ajeer-259	5	16	limits	limit	NOUN
ajeer-259	5	17	regime	regime	NOUN
ajeer-259	5	18	in	in	ADP
ajeer-259	5	19	comparison	comparison	NOUN
ajeer-259	5	20	with	with	ADP
ajeer-259	5	21	that	that	PRON
ajeer-259	5	22	under	under	ADP
ajeer-259	5	23	the	the	DET
ajeer-259	5	24	15	15	NUM
ajeer-259	5	25	%	%	NOUN
ajeer-259	5	26	regime	regime	NOUN
ajeer-259	5	27	,	,	PUNCT
ajeer-259	5	28	indicating	indicate	VERB
ajeer-259	5	29	korea	korea	PROPN
ajeer-259	5	30	’s	’s	PART
ajeer-259	5	31	stock	stock	NOUN
ajeer-259	5	32	market	market	NOUN
ajeer-259	5	33	appears	appear	VERB
ajeer-259	5	34	to	to	PART
ajeer-259	5	35	become	become	VERB
ajeer-259	5	36	more	more	ADV
ajeer-259	5	37	efficient	efficient	ADJ
ajeer-259	5	38	as	as	SCONJ
ajeer-259	5	39	daily	daily	ADJ
ajeer-259	5	40	price	price	NOUN
ajeer-259	5	41	limits	limit	NOUN
ajeer-259	5	42	are	be	AUX
ajeer-259	5	43	expanded	expand	VERB
ajeer-259	5	44	although	although	SCONJ
ajeer-259	5	45	the	the	DET
ajeer-259	5	46	findings	finding	NOUN
ajeer-259	5	47	are	be	AUX
ajeer-259	5	48	rather	rather	ADV
ajeer-259	5	49	suggestive	suggestive	ADJ
ajeer-259	5	50	than	than	ADP
ajeer-259	5	51	definitive	definitive	ADJ
ajeer-259	5	52	.	.	PUNCT
ajeer-259	6	1	keywords	keyword	NOUN
ajeer-259	6	2	:	:	PUNCT
ajeer-259	6	3	daily	daily	ADJ
ajeer-259	6	4	price	price	NOUN
ajeer-259	6	5	limits	limit	NOUN
ajeer-259	6	6	,	,	PUNCT
ajeer-259	6	7	efficient	efficient	ADJ
ajeer-259	6	8	market	market	NOUN
ajeer-259	6	9	hypothesis	hypothesis	NOUN
ajeer-259	6	10	,	,	PUNCT
ajeer-259	6	11	korean	korean	ADJ
ajeer-259	6	12	stock	stock	NOUN
ajeer-259	6	13	market	market	NOUN
ajeer-259	6	14	,	,	PUNCT
ajeer-259	6	15	kospi	kospi	NOUN
ajeer-259	6	16	,	,	PUNCT
ajeer-259	6	17	multiple	multiple	ADJ
ajeer-259	6	18	variance	variance	NOUN
ajeer-259	6	19	ratio	ratio	NOUN
ajeer-259	6	20	tests	test	NOUN
ajeer-259	6	21	,	,	PUNCT
ajeer-259	6	22	random	random	ADJ
ajeer-259	6	23	walk	walk	NOUN
ajeer-259	6	24	process	process	NOUN
ajeer-259	6	25	jel	jel	PROPN
ajeer-259	6	26	classification	classification	PROPN
ajeer-259	6	27	:	:	PUNCT
ajeer-259	6	28	c12	c12	PROPN
ajeer-259	6	29	;	;	PUNCT
ajeer-259	6	30	g14	g14	PROPN
ajeer-259	6	31	.	.	PUNCT
ajeer-259	7	1	citation	citation	NOUN
ajeer-259	7	2	|	|	PROPN
ajeer-259	7	3	h.	h.	PROPN
ajeer-259	7	4	r.	r.	PROPN
ajeer-259	7	5	seddighi	seddighi	PROPN
ajeer-259	7	6	;	;	PUNCT
ajeer-259	7	7	il	il	PROPN
ajeer-259	7	8	-	-	PROPN
ajeer-259	7	9	hyun	hyun	PROPN
ajeer-259	7	10	yoon	yoon	PROPN
ajeer-259	7	11	(	(	PUNCT
ajeer-259	7	12	2018	2018	NUM
ajeer-259	7	13	)	)	PUNCT
ajeer-259	7	14	.	.	PUNCT
ajeer-259	8	1	stock	stock	NOUN
ajeer-259	8	2	market	market	NOUN
ajeer-259	8	3	efficiency	efficiency	NOUN
ajeer-259	8	4	and	and	CCONJ
ajeer-259	8	5	price	price	NOUN
ajeer-259	8	6	limits	limit	NOUN
ajeer-259	8	7	:	:	PUNCT
ajeer-259	8	8	evidence	evidence	NOUN
ajeer-259	8	9	from	from	ADP
ajeer-259	8	10	korea	korea	PROPN
ajeer-259	8	11	’s	’s	PART
ajeer-259	8	12	recent	recent	ADJ
ajeer-259	8	13	expansion	expansion	NOUN
ajeer-259	8	14	of	of	ADP
ajeer-259	8	15	price	price	NOUN
ajeer-259	8	16	limits	limit	NOUN
ajeer-259	8	17	.	.	PUNCT
ajeer-259	9	1	asian	asian	ADJ
ajeer-259	9	2	journal	journal	PROPN
ajeer-259	9	3	of	of	ADP
ajeer-259	9	4	economics	economic	NOUN
ajeer-259	9	5	and	and	CCONJ
ajeer-259	9	6	empirical	empirical	ADJ
ajeer-259	9	7	research	research	NOUN
ajeer-259	9	8	,	,	PUNCT
ajeer-259	9	9	5(2	5(2	NUM
ajeer-259	9	10	):	):	PUNCT
ajeer-259	9	11	191	191	NUM
ajeer-259	9	12	-	-	SYM
ajeer-259	9	13	200	200	NUM
ajeer-259	9	14	.	.	PUNCT
ajeer-259	10	1	history	history	NOUN
ajeer-259	10	2	:	:	PUNCT
ajeer-259	10	3	received	receive	VERB
ajeer-259	10	4	:	:	PUNCT
ajeer-259	10	5	26	26	NUM
ajeer-259	10	6	july	july	PROPN
ajeer-259	10	7	2018	2018	NUM
ajeer-259	10	8	revised	revise	VERB
ajeer-259	10	9	:	:	PUNCT
ajeer-259	10	10	30	30	NUM
ajeer-259	10	11	august	august	PROPN
ajeer-259	10	12	2018	2018	NUM
ajeer-259	10	13	accepted	accept	VERB
ajeer-259	10	14	:	:	PUNCT
ajeer-259	10	15	3	3	NUM
ajeer-259	10	16	october	october	NOUN
ajeer-259	10	17	2018	2018	NUM
ajeer-259	10	18	published	publish	VERB
ajeer-259	10	19	:	:	PUNCT
ajeer-259	10	20	6	6	NUM
ajeer-259	10	21	november	november	PROPN
ajeer-259	10	22	2018	2018	NUM
ajeer-259	10	23	licensed	license	VERB
ajeer-259	10	24	:	:	PUNCT
ajeer-259	10	25	this	this	DET
ajeer-259	10	26	work	work	NOUN
ajeer-259	10	27	is	be	AUX
ajeer-259	10	28	licensed	license	VERB
ajeer-259	10	29	under	under	ADP
ajeer-259	10	30	a	a	DET
ajeer-259	10	31	creative	creative	ADJ
ajeer-259	10	32	commons	common	NOUN
ajeer-259	10	33	attribution	attribution	NOUN
ajeer-259	10	34	3.0	3.0	NUM
ajeer-259	10	35	license	license	NOUN
ajeer-259	10	36	publisher	publisher	NOUN
ajeer-259	10	37	:	:	PUNCT
ajeer-259	10	38	asian	asian	ADJ
ajeer-259	10	39	online	online	PROPN
ajeer-259	10	40	journal	journal	PROPN
ajeer-259	10	41	publishing	publishing	NOUN
ajeer-259	10	42	group	group	NOUN
ajeer-259	10	43	contribution	contribution	NOUN
ajeer-259	10	44	/	/	SYM
ajeer-259	10	45	acknowledgement	acknowledgement	NOUN
ajeer-259	10	46	:	:	PUNCT
ajeer-259	10	47	both	both	DET
ajeer-259	10	48	authors	author	NOUN
ajeer-259	10	49	contributed	contribute	VERB
ajeer-259	10	50	to	to	ADP
ajeer-259	10	51	the	the	DET
ajeer-259	10	52	conception	conception	NOUN
ajeer-259	10	53	and	and	CCONJ
ajeer-259	10	54	design	design	NOUN
ajeer-259	10	55	of	of	ADP
ajeer-259	10	56	the	the	DET
ajeer-259	10	57	study	study	NOUN
ajeer-259	10	58	.	.	PUNCT
ajeer-259	11	1	funding	funding	NOUN
ajeer-259	11	2	:	:	PUNCT
ajeer-259	11	3	this	this	DET
ajeer-259	11	4	study	study	NOUN
ajeer-259	11	5	received	receive	VERB
ajeer-259	11	6	no	no	DET
ajeer-259	11	7	specific	specific	ADJ
ajeer-259	11	8	financial	financial	ADJ
ajeer-259	11	9	support	support	NOUN
ajeer-259	11	10	.	.	PUNCT
ajeer-259	12	1	competing	compete	VERB
ajeer-259	12	2	interests	interest	NOUN
ajeer-259	12	3	:	:	PUNCT
ajeer-259	12	4	the	the	DET
ajeer-259	12	5	authors	author	NOUN
ajeer-259	12	6	declare	declare	VERB
ajeer-259	12	7	that	that	SCONJ
ajeer-259	12	8	they	they	PRON
ajeer-259	12	9	have	have	VERB
ajeer-259	12	10	no	no	DET
ajeer-259	12	11	conflict	conflict	NOUN
ajeer-259	12	12	of	of	ADP
ajeer-259	12	13	interests	interest	NOUN
ajeer-259	12	14	.	.	PUNCT
ajeer-259	13	1	transparency	transparency	NOUN
ajeer-259	13	2	:	:	PUNCT
ajeer-259	13	3	the	the	DET
ajeer-259	13	4	authors	author	NOUN
ajeer-259	13	5	confirm	confirm	VERB
ajeer-259	13	6	that	that	SCONJ
ajeer-259	13	7	the	the	DET
ajeer-259	13	8	manuscript	manuscript	NOUN
ajeer-259	13	9	is	be	AUX
ajeer-259	13	10	an	an	DET
ajeer-259	13	11	honest	honest	ADJ
ajeer-259	13	12	,	,	PUNCT
ajeer-259	13	13	accurate	accurate	ADJ
ajeer-259	13	14	,	,	PUNCT
ajeer-259	13	15	and	and	CCONJ
ajeer-259	13	16	transparent	transparent	ADJ
ajeer-259	13	17	account	account	NOUN
ajeer-259	13	18	of	of	ADP
ajeer-259	13	19	the	the	DET
ajeer-259	13	20	study	study	NOUN
ajeer-259	13	21	was	be	AUX
ajeer-259	13	22	reported	report	VERB
ajeer-259	13	23	;	;	PUNCT
ajeer-259	13	24	that	that	SCONJ
ajeer-259	13	25	no	no	DET
ajeer-259	13	26	vital	vital	ADJ
ajeer-259	13	27	features	feature	NOUN
ajeer-259	13	28	of	of	ADP
ajeer-259	13	29	the	the	DET
ajeer-259	13	30	study	study	NOUN
ajeer-259	13	31	have	have	AUX
ajeer-259	13	32	been	be	AUX
ajeer-259	13	33	omitted	omit	VERB
ajeer-259	13	34	;	;	PUNCT
ajeer-259	13	35	and	and	CCONJ
ajeer-259	13	36	that	that	SCONJ
ajeer-259	13	37	any	any	DET
ajeer-259	13	38	discrepancies	discrepancy	NOUN
ajeer-259	13	39	from	from	ADP
ajeer-259	13	40	the	the	DET
ajeer-259	13	41	study	study	NOUN
ajeer-259	13	42	as	as	SCONJ
ajeer-259	13	43	planned	plan	VERB
ajeer-259	13	44	have	have	AUX
ajeer-259	13	45	been	be	AUX
ajeer-259	13	46	explained	explain	VERB
ajeer-259	13	47	.	.	PUNCT
ajeer-259	14	1	ethical	ethical	ADJ
ajeer-259	14	2	:	:	PUNCT
ajeer-259	14	3	this	this	DET
ajeer-259	14	4	study	study	NOUN
ajeer-259	14	5	follows	follow	VERB
ajeer-259	14	6	all	all	DET
ajeer-259	14	7	ethical	ethical	ADJ
ajeer-259	14	8	practices	practice	NOUN
ajeer-259	14	9	during	during	ADP
ajeer-259	14	10	writing	writing	NOUN
ajeer-259	14	11	.	.	PUNCT
ajeer-259	15	1	contents	content	NOUN
ajeer-259	15	2	1	1	NUM
ajeer-259	15	3	.	.	PUNCT
ajeer-259	16	1	introduction	introduction	NOUN
ajeer-259	16	2	....................................................................................................................................................................................	....................................................................................................................................................................................	VERB
ajeer-259	16	3	192	192	NUM
ajeer-259	16	4	2	2	NUM
ajeer-259	16	5	.	.	PUNCT
ajeer-259	16	6	methodology	methodology	NOUN
ajeer-259	16	7	...................................................................................................................................................................................	...................................................................................................................................................................................	PROPN
ajeer-259	17	1	193	193	NUM
ajeer-259	17	2	3	3	NUM
ajeer-259	17	3	.	.	PUNCT
ajeer-259	17	4	data	datum	NOUN
ajeer-259	17	5	analysis	analysis	NOUN
ajeer-259	17	6	..................................................................................................................................................................................	..................................................................................................................................................................................	PUNCT
ajeer-259	18	1	194	194	NUM
ajeer-259	18	2	4	4	NUM
ajeer-259	18	3	.	.	PUNCT
ajeer-259	18	4	empirical	empirical	ADJ
ajeer-259	18	5	results	result	NOUN
ajeer-259	18	6	...........................................................................................................................................................................	...........................................................................................................................................................................	PUNCT
ajeer-259	18	7	196	196	NUM
ajeer-259	18	8	5	5	NUM
ajeer-259	18	9	.	.	PUNCT
ajeer-259	19	1	conclusions	conclusion	NOUN
ajeer-259	19	2	.....................................................................................................................................................................................	.....................................................................................................................................................................................	PUNCT
ajeer-259	20	1	198	198	NUM
ajeer-259	20	2	references	reference	NOUN
ajeer-259	20	3	............................................................................................................................................................................................	............................................................................................................................................................................................	NOUN
ajeer-259	20	4	198	198	NUM
ajeer-259	20	5	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.52.191.200&domain=pdf&date_stamp=2017-01-14	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.52.191.200&domain=pdf&date_stamp=2017-01-14	NOUN
ajeer-259	20	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-259	20	7	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-259	20	8	http://asianonlinejournals.com/index.php/ajeer/article/view/259	http://asianonlinejournals.com/index.php/ajeer/article/view/259	PROPN
ajeer-259	20	9	https://orcid.org/0000-0002-2645-775x	https://orcid.org/0000-0002-2645-775x	PROPN
ajeer-259	20	10	https://orcid.org/0000-0003-3679-0545	https://orcid.org/0000-0003-3679-0545	VERB
ajeer-259	20	11	http://asianonlinejournals.com/index.php/ajeer/article/view/259	http://asianonlinejournals.com/index.php/ajeer/article/view/259	PROPN
ajeer-259	20	12	https://orcid.org/0000-0002-2645-775x	https://orcid.org/0000-0002-2645-775x	PROPN
ajeer-259	20	13	https://orcid.org/0000-0003-3679-0545	https://orcid.org/0000-0003-3679-0545	VERB
ajeer-259	20	14	http://asianonlinejournals.com/index.php/ajeer/article/view/259	http://asianonlinejournals.com/index.php/ajeer/article/view/259	PROPN
ajeer-259	20	15	https://orcid.org/0000-0002-2645-775x	https://orcid.org/0000-0002-2645-775x	PROPN
ajeer-259	20	16	https://orcid.org/0000-0003-3679-0545	https://orcid.org/0000-0003-3679-0545	VERB
ajeer-259	20	17	http://asianonlinejournals.com/index.php/ajeer/article/view/259	http://asianonlinejournals.com/index.php/ajeer/article/view/259	PROPN
ajeer-259	20	18	https://orcid.org/0000-0002-2645-775x	https://orcid.org/0000-0002-2645-775x	PROPN
ajeer-259	20	19	https://orcid.org/0000-0003-3679-0545	https://orcid.org/0000-0003-3679-0545	PROPN
ajeer-259	20	20	asian	asian	ADJ
ajeer-259	20	21	journal	journal	PROPN
ajeer-259	20	22	of	of	ADP
ajeer-259	20	23	economics	economic	NOUN
ajeer-259	20	24	and	and	CCONJ
ajeer-259	20	25	empirical	empirical	ADJ
ajeer-259	20	26	research	research	NOUN
ajeer-259	20	27	,	,	PUNCT
ajeer-259	20	28	2018	2018	NUM
ajeer-259	20	29	,	,	PUNCT
ajeer-259	20	30	5(2	5(2	NUM
ajeer-259	20	31	):	):	PUNCT
ajeer-259	20	32	191	191	NUM
ajeer-259	20	33	-	-	SYM
ajeer-259	20	34	200	200	NUM
ajeer-259	20	35	192	192	NUM
ajeer-259	20	36	1	1	NUM
ajeer-259	20	37	.	.	PUNCT
ajeer-259	21	1	introduction	introduction	NOUN
ajeer-259	21	2	prediction	prediction	NOUN
ajeer-259	21	3	of	of	ADP
ajeer-259	21	4	security	security	NOUN
ajeer-259	21	5	prices	price	NOUN
ajeer-259	21	6	is	be	AUX
ajeer-259	21	7	of	of	ADP
ajeer-259	21	8	great	great	ADJ
ajeer-259	21	9	importance	importance	NOUN
ajeer-259	21	10	to	to	ADP
ajeer-259	21	11	investors	investor	NOUN
ajeer-259	21	12	in	in	ADP
ajeer-259	21	13	financial	financial	ADJ
ajeer-259	21	14	market	market	NOUN
ajeer-259	21	15	to	to	PART
ajeer-259	21	16	beat	beat	VERB
ajeer-259	21	17	the	the	DET
ajeer-259	21	18	market	market	NOUN
ajeer-259	21	19	for	for	ADP
ajeer-259	21	20	better	well	ADJ
ajeer-259	21	21	performance	performance	NOUN
ajeer-259	21	22	than	than	ADP
ajeer-259	21	23	others	other	NOUN
ajeer-259	21	24	.	.	PUNCT
ajeer-259	22	1	since	since	SCONJ
ajeer-259	22	2	the	the	DET
ajeer-259	22	3	significant	significant	ADJ
ajeer-259	22	4	study	study	NOUN
ajeer-259	22	5	by	by	ADP
ajeer-259	22	6	fama	fama	PROPN
ajeer-259	22	7	(	(	PUNCT
ajeer-259	22	8	1965	1965	NUM
ajeer-259	22	9	)	)	PUNCT
ajeer-259	22	10	in	in	ADP
ajeer-259	22	11	which	which	PRON
ajeer-259	22	12	he	he	PRON
ajeer-259	22	13	empirically	empirically	ADV
ajeer-259	22	14	presented	present	VERB
ajeer-259	22	15	that	that	SCONJ
ajeer-259	22	16	mutual	mutual	ADJ
ajeer-259	22	17	fund	fund	NOUN
ajeer-259	22	18	investments	investment	NOUN
ajeer-259	22	19	for	for	ADP
ajeer-259	22	20	stocks	stock	NOUN
ajeer-259	22	21	of	of	ADP
ajeer-259	22	22	the	the	DET
ajeer-259	22	23	dow	dow	PROPN
ajeer-259	22	24	-	-	PUNCT
ajeer-259	22	25	jones	jones	NOUN
ajeer-259	22	26	industrial	industrial	PROPN
ajeer-259	22	27	average	average	NOUN
ajeer-259	22	28	do	do	AUX
ajeer-259	22	29	not	not	PART
ajeer-259	22	30	outperform	outperform	VERB
ajeer-259	22	31	randomly	randomly	ADV
ajeer-259	22	32	selected	select	VERB
ajeer-259	22	33	portfolio	portfolio	NOUN
ajeer-259	22	34	with	with	ADP
ajeer-259	22	35	no	no	DET
ajeer-259	22	36	evidence	evidence	NOUN
ajeer-259	22	37	of	of	ADP
ajeer-259	22	38	the	the	DET
ajeer-259	22	39	fund	fund	NOUN
ajeer-259	22	40	managers	manager	NOUN
ajeer-259	22	41	having	have	VERB
ajeer-259	22	42	superiority	superiority	NOUN
ajeer-259	22	43	to	to	ADP
ajeer-259	22	44	the	the	DET
ajeer-259	22	45	average	average	ADJ
ajeer-259	22	46	investors	investor	NOUN
ajeer-259	22	47	,	,	PUNCT
ajeer-259	22	48	a	a	DET
ajeer-259	22	49	large	large	ADJ
ajeer-259	22	50	number	number	NOUN
ajeer-259	22	51	of	of	ADP
ajeer-259	22	52	researchers	researcher	NOUN
ajeer-259	22	53	in	in	ADP
ajeer-259	22	54	both	both	CCONJ
ajeer-259	22	55	academic	academic	ADJ
ajeer-259	22	56	and	and	CCONJ
ajeer-259	22	57	industry	industry	NOUN
ajeer-259	22	58	sector	sector	NOUN
ajeer-259	22	59	have	have	AUX
ajeer-259	22	60	focused	focus	VERB
ajeer-259	22	61	on	on	ADP
ajeer-259	22	62	the	the	DET
ajeer-259	22	63	efficiency	efficiency	NOUN
ajeer-259	22	64	of	of	ADP
ajeer-259	22	65	stock	stock	NOUN
ajeer-259	22	66	markets	market	NOUN
ajeer-259	22	67	across	across	ADP
ajeer-259	22	68	the	the	DET
ajeer-259	22	69	world	world	NOUN
ajeer-259	22	70	.	.	PUNCT
ajeer-259	23	1	in	in	ADP
ajeer-259	23	2	an	an	DET
ajeer-259	23	3	efficient	efficient	ADJ
ajeer-259	23	4	market	market	NOUN
ajeer-259	23	5	,	,	PUNCT
ajeer-259	23	6	according	accord	VERB
ajeer-259	23	7	to	to	ADP
ajeer-259	23	8	the	the	DET
ajeer-259	23	9	efficient	efficient	ADJ
ajeer-259	23	10	market	market	NOUN
ajeer-259	23	11	hypothesis	hypothesis	NOUN
ajeer-259	23	12	(	(	PUNCT
ajeer-259	23	13	emh	emh	PROPN
ajeer-259	23	14	)	)	PUNCT
ajeer-259	23	15	,	,	PUNCT
ajeer-259	23	16	stock	stock	NOUN
ajeer-259	23	17	prices	price	NOUN
ajeer-259	23	18	“	"	PUNCT
ajeer-259	23	19	fully	fully	ADV
ajeer-259	23	20	reflect	reflect	VERB
ajeer-259	23	21	”	"	PUNCT
ajeer-259	23	22	available	available	ADJ
ajeer-259	23	23	information	information	NOUN
ajeer-259	23	24	therefore	therefore	ADV
ajeer-259	23	25	investors	investor	NOUN
ajeer-259	23	26	can	can	AUX
ajeer-259	23	27	not	not	PART
ajeer-259	23	28	earn	earn	VERB
ajeer-259	23	29	abnormal	abnormal	ADJ
ajeer-259	23	30	returns	return	NOUN
ajeer-259	23	31	over	over	ADP
ajeer-259	23	32	the	the	DET
ajeer-259	23	33	market	market	NOUN
ajeer-259	23	34	average	average	NOUN
ajeer-259	23	35	(	(	PUNCT
ajeer-259	23	36	fama	fama	NOUN
ajeer-259	23	37	,	,	PUNCT
ajeer-259	23	38	1970	1970	NUM
ajeer-259	23	39	;	;	PUNCT
ajeer-259	23	40	1991	1991	NUM
ajeer-259	23	41	)	)	PUNCT
ajeer-259	23	42	.	.	PUNCT
ajeer-259	24	1	the	the	DET
ajeer-259	24	2	market	market	NOUN
ajeer-259	24	3	efficiency	efficiency	NOUN
ajeer-259	24	4	has	have	AUX
ajeer-259	24	5	been	be	AUX
ajeer-259	24	6	tested	test	VERB
ajeer-259	24	7	with	with	ADP
ajeer-259	24	8	the	the	DET
ajeer-259	24	9	random	random	ADJ
ajeer-259	24	10	walk	walk	NOUN
ajeer-259	24	11	process	process	NOUN
ajeer-259	24	12	where	where	SCONJ
ajeer-259	24	13	security	security	NOUN
ajeer-259	24	14	prices	price	NOUN
ajeer-259	24	15	moves	move	VERB
ajeer-259	24	16	randomly	randomly	ADV
ajeer-259	24	17	and	and	CCONJ
ajeer-259	24	18	serially	serially	ADV
ajeer-259	24	19	independent	independent	ADJ
ajeer-259	24	20	.	.	PUNCT
ajeer-259	25	1	therefore	therefore	ADV
ajeer-259	25	2	,	,	PUNCT
ajeer-259	25	3	under	under	ADP
ajeer-259	25	4	the	the	DET
ajeer-259	25	5	random	random	ADJ
ajeer-259	25	6	walk	walk	NOUN
ajeer-259	25	7	hypothesis	hypothesis	NOUN
ajeer-259	25	8	,	,	PUNCT
ajeer-259	25	9	future	future	ADJ
ajeer-259	25	10	stock	stock	NOUN
ajeer-259	25	11	prices	price	NOUN
ajeer-259	25	12	can	can	AUX
ajeer-259	25	13	not	not	PART
ajeer-259	25	14	be	be	AUX
ajeer-259	25	15	predicted	predict	VERB
ajeer-259	25	16	with	with	ADP
ajeer-259	25	17	the	the	DET
ajeer-259	25	18	past	past	ADJ
ajeer-259	25	19	price	price	NOUN
ajeer-259	25	20	history	history	NOUN
ajeer-259	25	21	since	since	SCONJ
ajeer-259	25	22	the	the	DET
ajeer-259	25	23	relevant	relevant	ADJ
ajeer-259	25	24	information	information	NOUN
ajeer-259	25	25	would	would	AUX
ajeer-259	25	26	have	have	AUX
ajeer-259	25	27	already	already	ADV
ajeer-259	25	28	been	be	AUX
ajeer-259	25	29	fully	fully	ADV
ajeer-259	25	30	reflected	reflect	VERB
ajeer-259	25	31	in	in	ADP
ajeer-259	25	32	an	an	DET
ajeer-259	25	33	efficient	efficient	ADJ
ajeer-259	25	34	market	market	NOUN
ajeer-259	25	35	which	which	PRON
ajeer-259	25	36	is	be	AUX
ajeer-259	25	37	specifically	specifically	ADV
ajeer-259	25	38	known	know	VERB
ajeer-259	25	39	as	as	ADP
ajeer-259	25	40	weak	weak	ADJ
ajeer-259	25	41	form	form	NOUN
ajeer-259	25	42	efficient	efficient	ADJ
ajeer-259	25	43	market.1	market.1	PRON
ajeer-259	25	44	statistically	statistically	ADV
ajeer-259	25	45	speaking	speak	VERB
ajeer-259	25	46	,	,	PUNCT
ajeer-259	25	47	random	random	ADJ
ajeer-259	25	48	walk	walk	NOUN
ajeer-259	25	49	process	process	NOUN
ajeer-259	25	50	is	be	AUX
ajeer-259	25	51	that	that	SCONJ
ajeer-259	25	52	stock	stock	NOUN
ajeer-259	25	53	prices	price	NOUN
ajeer-259	25	54	move	move	VERB
ajeer-259	25	55	independently	independently	ADV
ajeer-259	25	56	and	and	CCONJ
ajeer-259	25	57	their	their	PRON
ajeer-259	25	58	changes	change	NOUN
ajeer-259	25	59	are	be	AUX
ajeer-259	25	60	identically	identically	ADV
ajeer-259	25	61	distributed	distribute	VERB
ajeer-259	25	62	.	.	PUNCT
ajeer-259	26	1	a	a	DET
ajeer-259	26	2	large	large	ADJ
ajeer-259	26	3	body	body	NOUN
ajeer-259	26	4	of	of	ADP
ajeer-259	26	5	empirical	empirical	ADJ
ajeer-259	26	6	research	research	NOUN
ajeer-259	26	7	on	on	ADP
ajeer-259	26	8	random	random	ADJ
ajeer-259	26	9	walk	walk	NOUN
ajeer-259	26	10	process	process	NOUN
ajeer-259	26	11	test	test	NOUN
ajeer-259	26	12	for	for	ADP
ajeer-259	26	13	examination	examination	NOUN
ajeer-259	26	14	of	of	ADP
ajeer-259	26	15	efficient	efficient	ADJ
ajeer-259	26	16	market	market	NOUN
ajeer-259	26	17	hypothesis	hypothesis	NOUN
ajeer-259	26	18	has	have	AUX
ajeer-259	26	19	been	be	AUX
ajeer-259	26	20	done	do	VERB
ajeer-259	26	21	for	for	ADP
ajeer-259	26	22	the	the	DET
ajeer-259	26	23	various	various	ADJ
ajeer-259	26	24	stock	stock	NOUN
ajeer-259	26	25	markets	market	NOUN
ajeer-259	26	26	in	in	ADP
ajeer-259	26	27	both	both	PRON
ajeer-259	26	28	developed	develop	VERB
ajeer-259	26	29	and	and	CCONJ
ajeer-259	26	30	emerging	emerge	VERB
ajeer-259	26	31	economies	economy	NOUN
ajeer-259	26	32	since	since	SCONJ
ajeer-259	26	33	the	the	DET
ajeer-259	26	34	works	work	NOUN
ajeer-259	26	35	of	of	ADP
ajeer-259	26	36	fama	fama	PROPN
ajeer-259	26	37	(	(	PUNCT
ajeer-259	26	38	1965;1970	1965;1970	NUM
ajeer-259	26	39	)	)	PUNCT
ajeer-259	26	40	and	and	CCONJ
ajeer-259	26	41	produced	produce	VERB
ajeer-259	26	42	mixed	mixed	ADJ
ajeer-259	26	43	results	result	NOUN
ajeer-259	26	44	.	.	PUNCT
ajeer-259	27	1	earlier	early	ADJ
ajeer-259	27	2	studies	study	NOUN
ajeer-259	27	3	on	on	ADP
ajeer-259	27	4	random	random	ADJ
ajeer-259	27	5	walks	walk	NOUN
ajeer-259	27	6	of	of	ADP
ajeer-259	27	7	stock	stock	NOUN
ajeer-259	27	8	price	price	NOUN
ajeer-259	27	9	movement	movement	NOUN
ajeer-259	27	10	were	be	AUX
ajeer-259	27	11	mainly	mainly	ADV
ajeer-259	27	12	conducted	conduct	VERB
ajeer-259	27	13	by	by	ADP
ajeer-259	27	14	use	use	NOUN
ajeer-259	27	15	of	of	ADP
ajeer-259	27	16	conventional	conventional	ADJ
ajeer-259	27	17	methods	method	NOUN
ajeer-259	27	18	such	such	ADJ
ajeer-259	27	19	as	as	ADP
ajeer-259	27	20	serial	serial	ADJ
ajeer-259	27	21	correlation	correlation	NOUN
ajeer-259	27	22	,	,	PUNCT
ajeer-259	27	23	unit	unit	NOUN
ajeer-259	27	24	root	root	NOUN
ajeer-259	27	25	test	test	NOUN
ajeer-259	27	26	or	or	CCONJ
ajeer-259	27	27	runs	run	VERB
ajeer-259	27	28	test	test	VERB
ajeer-259	27	29	.	.	PUNCT
ajeer-259	28	1	however	however	ADV
ajeer-259	28	2	,	,	PUNCT
ajeer-259	28	3	since	since	SCONJ
ajeer-259	28	4	(	(	PUNCT
ajeer-259	28	5	lo	lo	NOUN
ajeer-259	28	6	and	and	CCONJ
ajeer-259	28	7	mackinlay	mackinlay	NOUN
ajeer-259	28	8	,	,	PUNCT
ajeer-259	28	9	1988	1988	NUM
ajeer-259	28	10	)	)	PUNCT
ajeer-259	28	11	proposed	propose	VERB
ajeer-259	28	12	a	a	DET
ajeer-259	28	13	new	new	ADJ
ajeer-259	28	14	method	method	NOUN
ajeer-259	28	15	,	,	PUNCT
ajeer-259	28	16	the	the	DET
ajeer-259	28	17	variance	variance	NOUN
ajeer-259	28	18	ratio	ratio	NOUN
ajeer-259	28	19	test	test	NOUN
ajeer-259	28	20	,	,	PUNCT
ajeer-259	28	21	to	to	PART
ajeer-259	28	22	investigate	investigate	VERB
ajeer-259	28	23	the	the	DET
ajeer-259	28	24	weekly	weekly	ADJ
ajeer-259	28	25	stock	stock	NOUN
ajeer-259	28	26	returns	return	NOUN
ajeer-259	28	27	in	in	ADP
ajeer-259	28	28	the	the	DET
ajeer-259	28	29	us	us	PROPN
ajeer-259	28	30	and	and	CCONJ
ajeer-259	28	31	rejected	reject	VERB
ajeer-259	28	32	the	the	DET
ajeer-259	28	33	random	random	ADJ
ajeer-259	28	34	walk	walk	NOUN
ajeer-259	28	35	process	process	NOUN
ajeer-259	28	36	for	for	ADP
ajeer-259	28	37	the	the	DET
ajeer-259	28	38	us	us	PROPN
ajeer-259	28	39	stock	stock	NOUN
ajeer-259	28	40	market	market	NOUN
ajeer-259	28	41	,	,	PUNCT
ajeer-259	28	42	the	the	DET
ajeer-259	28	43	variance	variance	NOUN
ajeer-259	28	44	ratio	ratio	NOUN
ajeer-259	28	45	tests	test	NOUN
ajeer-259	28	46	have	have	AUX
ajeer-259	28	47	been	be	AUX
ajeer-259	28	48	extensively	extensively	ADV
ajeer-259	28	49	used	use	VERB
ajeer-259	28	50	in	in	ADP
ajeer-259	28	51	recent	recent	ADJ
ajeer-259	28	52	studies	study	NOUN
ajeer-259	28	53	because	because	SCONJ
ajeer-259	28	54	of	of	ADP
ajeer-259	28	55	its	its	PRON
ajeer-259	28	56	powerfulness	powerfulness	NOUN
ajeer-259	28	57	.	.	PUNCT
ajeer-259	29	1	several	several	ADJ
ajeer-259	29	2	studies	study	NOUN
ajeer-259	29	3	have	have	AUX
ajeer-259	29	4	been	be	AUX
ajeer-259	29	5	devoted	devote	VERB
ajeer-259	29	6	to	to	ADP
ajeer-259	29	7	the	the	DET
ajeer-259	29	8	investigation	investigation	NOUN
ajeer-259	29	9	on	on	ADP
ajeer-259	29	10	the	the	DET
ajeer-259	29	11	random	random	ADJ
ajeer-259	29	12	walk	walk	NOUN
ajeer-259	29	13	hypothesis	hypothesis	NOUN
ajeer-259	29	14	for	for	ADP
ajeer-259	29	15	the	the	DET
ajeer-259	29	16	korean	korean	ADJ
ajeer-259	29	17	stock	stock	NOUN
ajeer-259	29	18	markets	market	NOUN
ajeer-259	29	19	,	,	PUNCT
ajeer-259	29	20	such	such	ADJ
ajeer-259	29	21	as	as	ADP
ajeer-259	29	22	ayadi	ayadi	NOUN
ajeer-259	29	23	and	and	CCONJ
ajeer-259	29	24	pyun	pyun	NOUN
ajeer-259	29	25	(	(	PUNCT
ajeer-259	29	26	1994	1994	NUM
ajeer-259	29	27	)	)	PUNCT
ajeer-259	29	28	,	,	PUNCT
ajeer-259	29	29	narayan	narayan	NOUN
ajeer-259	29	30	and	and	CCONJ
ajeer-259	29	31	smyth	smyth	PROPN
ajeer-259	29	32	(	(	PUNCT
ajeer-259	29	33	2004	2004	NUM
ajeer-259	29	34	)	)	PUNCT
ajeer-259	29	35	and	and	CCONJ
ajeer-259	29	36	hasanov	hasanov	PROPN
ajeer-259	29	37	(	(	PUNCT
ajeer-259	29	38	2009	2009	NUM
ajeer-259	29	39	)	)	PUNCT
ajeer-259	29	40	with	with	ADP
ajeer-259	29	41	mixed	mixed	ADJ
ajeer-259	29	42	results	result	NOUN
ajeer-259	29	43	.	.	PUNCT
ajeer-259	30	1	some	some	DET
ajeer-259	30	2	studies	study	NOUN
ajeer-259	30	3	have	have	AUX
ajeer-259	30	4	been	be	AUX
ajeer-259	30	5	conducted	conduct	VERB
ajeer-259	30	6	to	to	PART
ajeer-259	30	7	compare	compare	VERB
ajeer-259	30	8	korean	korean	ADJ
ajeer-259	30	9	stock	stock	NOUN
ajeer-259	30	10	market	market	NOUN
ajeer-259	30	11	with	with	ADP
ajeer-259	30	12	other	other	ADJ
ajeer-259	30	13	different	different	ADJ
ajeer-259	30	14	stock	stock	NOUN
ajeer-259	30	15	markets	market	NOUN
ajeer-259	30	16	in	in	ADP
ajeer-259	30	17	asian	asian	ADJ
ajeer-259	30	18	region	region	NOUN
ajeer-259	30	19	in	in	ADP
ajeer-259	30	20	terms	term	NOUN
ajeer-259	30	21	of	of	ADP
ajeer-259	30	22	market	market	NOUN
ajeer-259	30	23	efficiency	efficiency	NOUN
ajeer-259	30	24	using	use	VERB
ajeer-259	30	25	the	the	DET
ajeer-259	30	26	market	market	NOUN
ajeer-259	30	27	indexes	index	NOUN
ajeer-259	30	28	.	.	PUNCT
ajeer-259	31	1	huang	huang	PROPN
ajeer-259	31	2	(	(	PUNCT
ajeer-259	31	3	1995	1995	NUM
ajeer-259	31	4	)	)	PUNCT
ajeer-259	31	5	rejected	reject	VERB
ajeer-259	31	6	the	the	DET
ajeer-259	31	7	random	random	ADJ
ajeer-259	31	8	walks	walk	NOUN
ajeer-259	31	9	for	for	ADP
ajeer-259	31	10	korean	korean	ADJ
ajeer-259	31	11	stock	stock	NOUN
ajeer-259	31	12	market	market	NOUN
ajeer-259	31	13	while	while	SCONJ
ajeer-259	31	14	hoque	hoque	NOUN
ajeer-259	31	15	et	et	PROPN
ajeer-259	31	16	al	al	PROPN
ajeer-259	31	17	.	.	PUNCT
ajeer-259	32	1	(	(	PUNCT
ajeer-259	32	2	2007	2007	NUM
ajeer-259	32	3	)	)	PUNCT
ajeer-259	32	4	and	and	CCONJ
ajeer-259	32	5	kim	kim	PROPN
ajeer-259	32	6	and	and	CCONJ
ajeer-259	32	7	shamsuddin	shamsuddin	PROPN
ajeer-259	32	8	(	(	PUNCT
ajeer-259	32	9	2008	2008	NUM
ajeer-259	32	10	)	)	PUNCT
ajeer-259	32	11	suggested	suggest	VERB
ajeer-259	32	12	that	that	SCONJ
ajeer-259	32	13	korean	korean	ADJ
ajeer-259	32	14	stock	stock	NOUN
ajeer-259	32	15	market	market	NOUN
ajeer-259	32	16	is	be	AUX
ajeer-259	32	17	efficient	efficient	ADJ
ajeer-259	32	18	.	.	PUNCT
ajeer-259	33	1	recently	recently	ADV
ajeer-259	33	2	,	,	PUNCT
ajeer-259	33	3	korean	korean	ADJ
ajeer-259	33	4	authority	authority	NOUN
ajeer-259	33	5	expanded	expand	VERB
ajeer-259	33	6	daily	daily	ADJ
ajeer-259	33	7	limits	limit	NOUN
ajeer-259	33	8	of	of	ADP
ajeer-259	33	9	stock	stock	NOUN
ajeer-259	33	10	prices	price	NOUN
ajeer-259	33	11	in	in	ADP
ajeer-259	33	12	korea	korea	PROPN
ajeer-259	33	13	to	to	ADP
ajeer-259	33	14	30	30	NUM
ajeer-259	33	15	per	per	NOUN
ajeer-259	33	16	cent	cent	NOUN
ajeer-259	33	17	on	on	ADP
ajeer-259	33	18	june	june	PROPN
ajeer-259	33	19	15	15	NUM
ajeer-259	33	20	,	,	PUNCT
ajeer-259	33	21	2015	2015	NUM
ajeer-259	33	22	for	for	ADP
ajeer-259	33	23	the	the	DET
ajeer-259	33	24	first	first	ADJ
ajeer-259	33	25	time	time	NOUN
ajeer-259	33	26	since	since	SCONJ
ajeer-259	33	27	the	the	DET
ajeer-259	33	28	government	government	NOUN
ajeer-259	33	29	had	have	AUX
ajeer-259	33	30	eased	ease	VERB
ajeer-259	33	31	the	the	DET
ajeer-259	33	32	then	then	ADV
ajeer-259	33	33	-	-	PUNCT
ajeer-259	33	34	existing	exist	VERB
ajeer-259	33	35	12	12	NUM
ajeer-259	33	36	per	per	ADP
ajeer-259	33	37	cent	cent	NOUN
ajeer-259	33	38	of	of	ADP
ajeer-259	33	39	price	price	NOUN
ajeer-259	33	40	limits	limit	NOUN
ajeer-259	33	41	to	to	ADP
ajeer-259	33	42	15	15	NUM
ajeer-259	33	43	per	per	NOUN
ajeer-259	33	44	cent	cent	NOUN
ajeer-259	33	45	in	in	ADP
ajeer-259	33	46	december	december	PROPN
ajeer-259	33	47	1998	1998	NUM
ajeer-259	33	48	in	in	ADP
ajeer-259	33	49	an	an	DET
ajeer-259	33	50	effort	effort	NOUN
ajeer-259	33	51	to	to	PART
ajeer-259	33	52	induce	induce	VERB
ajeer-259	33	53	foreign	foreign	ADJ
ajeer-259	33	54	direct	direct	ADJ
ajeer-259	33	55	investment	investment	NOUN
ajeer-259	33	56	into	into	ADP
ajeer-259	33	57	the	the	DET
ajeer-259	33	58	country	country	NOUN
ajeer-259	33	59	’s	’s	PART
ajeer-259	33	60	financial	financial	ADJ
ajeer-259	33	61	market	market	NOUN
ajeer-259	33	62	in	in	ADP
ajeer-259	33	63	order	order	NOUN
ajeer-259	33	64	to	to	PART
ajeer-259	33	65	deal	deal	VERB
ajeer-259	33	66	with	with	ADP
ajeer-259	33	67	the	the	DET
ajeer-259	33	68	financial	financial	ADJ
ajeer-259	33	69	crisis	crisis	NOUN
ajeer-259	33	70	which	which	PRON
ajeer-259	33	71	broke	break	VERB
ajeer-259	33	72	out	out	ADP
ajeer-259	33	73	in	in	ADP
ajeer-259	33	74	late	late	ADJ
ajeer-259	33	75	1997	1997	NUM
ajeer-259	33	76	.	.	PUNCT
ajeer-259	34	1	the	the	DET
ajeer-259	34	2	korea	korea	PROPN
ajeer-259	34	3	’s	’s	PART
ajeer-259	34	4	price	price	NOUN
ajeer-259	34	5	limit	limit	NOUN
ajeer-259	34	6	system	system	NOUN
ajeer-259	34	7	has	have	AUX
ajeer-259	34	8	been	be	AUX
ajeer-259	34	9	steadily	steadily	ADV
ajeer-259	34	10	relaxed	relax	VERB
ajeer-259	34	11	amid	amid	ADP
ajeer-259	34	12	the	the	DET
ajeer-259	34	13	persistent	persistent	ADJ
ajeer-259	34	14	criticisms	criticism	NOUN
ajeer-259	34	15	of	of	ADP
ajeer-259	34	16	market	market	NOUN
ajeer-259	34	17	inefficiency	inefficiency	NOUN
ajeer-259	34	18	it	it	PRON
ajeer-259	34	19	may	may	AUX
ajeer-259	34	20	cause	cause	VERB
ajeer-259	34	21	due	due	ADP
ajeer-259	34	22	to	to	ADP
ajeer-259	34	23	the	the	DET
ajeer-259	34	24	possible	possible	ADJ
ajeer-259	34	25	manipulation	manipulation	NOUN
ajeer-259	34	26	of	of	ADP
ajeer-259	34	27	stock	stock	NOUN
ajeer-259	34	28	prices	price	NOUN
ajeer-259	34	29	and	and	CCONJ
ajeer-259	34	30	restriction	restriction	NOUN
ajeer-259	34	31	of	of	ADP
ajeer-259	34	32	trading	trading	NOUN
ajeer-259	34	33	opportunities	opportunity	NOUN
ajeer-259	34	34	.	.	PUNCT
ajeer-259	35	1	as	as	SCONJ
ajeer-259	35	2	korea	korea	PROPN
ajeer-259	35	3	joined	join	VERB
ajeer-259	35	4	the	the	DET
ajeer-259	35	5	oecd	oecd	PROPN
ajeer-259	35	6	,	,	PUNCT
ajeer-259	35	7	the	the	DET
ajeer-259	35	8	daily	daily	ADJ
ajeer-259	35	9	stock	stock	NOUN
ajeer-259	35	10	price	price	NOUN
ajeer-259	35	11	limits	limit	NOUN
ajeer-259	35	12	had	have	AUX
ajeer-259	35	13	been	be	AUX
ajeer-259	35	14	expanded	expand	VERB
ajeer-259	35	15	since	since	SCONJ
ajeer-259	35	16	november	november	PROPN
ajeer-259	35	17	25	25	NUM
ajeer-259	35	18	,	,	PUNCT
ajeer-259	35	19	1996	1996	NUM
ajeer-259	35	20	to	to	ADP
ajeer-259	35	21	8	8	NUM
ajeer-259	35	22	per	per	ADP
ajeer-259	35	23	cent	cent	NOUN
ajeer-259	35	24	from	from	ADP
ajeer-259	35	25	the	the	DET
ajeer-259	35	26	previous	previous	ADJ
ajeer-259	35	27	6	6	NUM
ajeer-259	35	28	per	per	NOUN
ajeer-259	35	29	cent	cent	NOUN
ajeer-259	35	30	limits	limit	NOUN
ajeer-259	35	31	.	.	PUNCT
ajeer-259	36	1	following	follow	VERB
ajeer-259	36	2	the	the	DET
ajeer-259	36	3	1997	1997	NUM
ajeer-259	36	4	korean	korean	ADJ
ajeer-259	36	5	financial	financial	ADJ
ajeer-259	36	6	crisis	crisis	NOUN
ajeer-259	36	7	,	,	PUNCT
ajeer-259	36	8	the	the	DET
ajeer-259	36	9	price	price	NOUN
ajeer-259	36	10	limits	limit	NOUN
ajeer-259	36	11	were	be	AUX
ajeer-259	36	12	relaxed	relax	VERB
ajeer-259	36	13	to	to	ADP
ajeer-259	36	14	12	12	NUM
ajeer-259	36	15	per	per	ADP
ajeer-259	36	16	cent	cent	NOUN
ajeer-259	36	17	on	on	ADP
ajeer-259	36	18	march	march	PROPN
ajeer-259	36	19	2	2	NUM
ajeer-259	36	20	,	,	PUNCT
ajeer-259	36	21	1998	1998	NUM
ajeer-259	36	22	and	and	CCONJ
ajeer-259	36	23	15	15	NUM
ajeer-259	36	24	per	per	ADP
ajeer-259	36	25	cent	cent	NOUN
ajeer-259	36	26	on	on	ADP
ajeer-259	36	27	december	december	PROPN
ajeer-259	36	28	7	7	NUM
ajeer-259	36	29	,	,	PUNCT
ajeer-259	36	30	1998	1998	NUM
ajeer-259	36	31	in	in	ADP
ajeer-259	36	32	an	an	DET
ajeer-259	36	33	effort	effort	NOUN
ajeer-259	36	34	to	to	PART
ajeer-259	36	35	encourage	encourage	VERB
ajeer-259	36	36	foreign	foreign	ADJ
ajeer-259	36	37	investment	investment	NOUN
ajeer-259	36	38	into	into	ADP
ajeer-259	36	39	the	the	DET
ajeer-259	36	40	country	country	NOUN
ajeer-259	36	41	’s	’s	PART
ajeer-259	36	42	capital	capital	NOUN
ajeer-259	36	43	market.2	market.2	PROPN
ajeer-259	36	44	this	this	DET
ajeer-259	36	45	regime	regime	NOUN
ajeer-259	36	46	change	change	NOUN
ajeer-259	36	47	of	of	ADP
ajeer-259	36	48	daily	daily	ADJ
ajeer-259	36	49	limits	limit	NOUN
ajeer-259	36	50	reinvigorated	reinvigorate	VERB
ajeer-259	36	51	interest	interest	NOUN
ajeer-259	36	52	in	in	ADP
ajeer-259	36	53	the	the	DET
ajeer-259	36	54	effect	effect	NOUN
ajeer-259	36	55	of	of	ADP
ajeer-259	36	56	stock	stock	NOUN
ajeer-259	36	57	price	price	NOUN
ajeer-259	36	58	daily	daily	ADJ
ajeer-259	36	59	limits	limit	NOUN
ajeer-259	36	60	on	on	ADP
ajeer-259	36	61	the	the	DET
ajeer-259	36	62	efficiency	efficiency	NOUN
ajeer-259	36	63	of	of	ADP
ajeer-259	36	64	stock	stock	NOUN
ajeer-259	36	65	markets	market	NOUN
ajeer-259	36	66	.	.	PUNCT
ajeer-259	37	1	to	to	PART
ajeer-259	37	2	prevent	prevent	VERB
ajeer-259	37	3	stock	stock	NOUN
ajeer-259	37	4	market	market	NOUN
ajeer-259	37	5	from	from	ADP
ajeer-259	37	6	excessively	excessively	ADV
ajeer-259	37	7	fluctuating	fluctuate	VERB
ajeer-259	37	8	,	,	PUNCT
ajeer-259	37	9	some	some	DET
ajeer-259	37	10	countries	country	NOUN
ajeer-259	37	11	,	,	PUNCT
ajeer-259	37	12	including	include	VERB
ajeer-259	37	13	china	china	PROPN
ajeer-259	37	14	,	,	PUNCT
ajeer-259	37	15	taiwan	taiwan	PROPN
ajeer-259	37	16	and	and	CCONJ
ajeer-259	37	17	japan	japan	PROPN
ajeer-259	37	18	,	,	PUNCT
ajeer-259	37	19	use	use	VERB
ajeer-259	37	20	daily	daily	ADJ
ajeer-259	37	21	price	price	NOUN
ajeer-259	37	22	limits	limit	NOUN
ajeer-259	37	23	system	system	NOUN
ajeer-259	37	24	where	where	SCONJ
ajeer-259	37	25	stock	stock	NOUN
ajeer-259	37	26	prices	price	NOUN
ajeer-259	37	27	are	be	AUX
ajeer-259	37	28	allowed	allow	VERB
ajeer-259	37	29	to	to	PART
ajeer-259	37	30	move	move	VERB
ajeer-259	37	31	up	up	ADV
ajeer-259	37	32	or	or	CCONJ
ajeer-259	37	33	down	down	ADV
ajeer-259	37	34	within	within	ADP
ajeer-259	37	35	a	a	DET
ajeer-259	37	36	maximum	maximum	ADJ
ajeer-259	37	37	price	price	NOUN
ajeer-259	37	38	range	range	NOUN
ajeer-259	37	39	from	from	ADP
ajeer-259	37	40	the	the	DET
ajeer-259	37	41	previous	previous	ADJ
ajeer-259	37	42	closing	closing	NOUN
ajeer-259	37	43	prices	price	NOUN
ajeer-259	37	44	in	in	ADP
ajeer-259	37	45	a	a	DET
ajeer-259	37	46	day.3	day.3	PROPN
ajeer-259	37	47	although	although	SCONJ
ajeer-259	37	48	an	an	DET
ajeer-259	37	49	abundance	abundance	NOUN
ajeer-259	37	50	of	of	ADP
ajeer-259	37	51	research	research	NOUN
ajeer-259	37	52	has	have	AUX
ajeer-259	37	53	been	be	AUX
ajeer-259	37	54	carried	carry	VERB
ajeer-259	37	55	out	out	ADP
ajeer-259	37	56	with	with	ADP
ajeer-259	37	57	reference	reference	NOUN
ajeer-259	37	58	to	to	ADP
ajeer-259	37	59	the	the	DET
ajeer-259	37	60	efficiency	efficiency	NOUN
ajeer-259	37	61	of	of	ADP
ajeer-259	37	62	stock	stock	NOUN
ajeer-259	37	63	markets	market	NOUN
ajeer-259	37	64	,	,	PUNCT
ajeer-259	37	65	there	there	PRON
ajeer-259	37	66	are	be	VERB
ajeer-259	37	67	few	few	ADJ
ajeer-259	37	68	studies	study	NOUN
ajeer-259	37	69	on	on	ADP
ajeer-259	37	70	the	the	DET
ajeer-259	37	71	effect	effect	NOUN
ajeer-259	37	72	of	of	ADP
ajeer-259	37	73	price	price	NOUN
ajeer-259	37	74	limits	limit	NOUN
ajeer-259	37	75	on	on	ADP
ajeer-259	37	76	the	the	DET
ajeer-259	37	77	stock	stock	NOUN
ajeer-259	37	78	market	market	NOUN
ajeer-259	37	79	efficiency	efficiency	NOUN
ajeer-259	37	80	.	.	PUNCT
ajeer-259	38	1	some	some	PRON
ajeer-259	38	2	of	of	ADP
ajeer-259	38	3	research	research	NOUN
ajeer-259	38	4	on	on	ADP
ajeer-259	38	5	the	the	DET
ajeer-259	38	6	price	price	NOUN
ajeer-259	38	7	limits	limit	NOUN
ajeer-259	38	8	focused	focus	VERB
ajeer-259	38	9	on	on	ADP
ajeer-259	38	10	the	the	DET
ajeer-259	38	11	association	association	NOUN
ajeer-259	38	12	between	between	ADP
ajeer-259	38	13	price	price	NOUN
ajeer-259	38	14	limits	limit	NOUN
ajeer-259	38	15	and	and	CCONJ
ajeer-259	38	16	stock	stock	NOUN
ajeer-259	38	17	market	market	NOUN
ajeer-259	38	18	volatility	volatility	NOUN
ajeer-259	38	19	.	.	PUNCT
ajeer-259	39	1	lee	lee	PROPN
ajeer-259	39	2	and	and	CCONJ
ajeer-259	39	3	kim	kim	PROPN
ajeer-259	39	4	(	(	PUNCT
ajeer-259	39	5	1995	1995	NUM
ajeer-259	39	6	)	)	PUNCT
ajeer-259	39	7	investigated	investigate	VERB
ajeer-259	39	8	the	the	DET
ajeer-259	39	9	effects	effect	NOUN
ajeer-259	39	10	of	of	ADP
ajeer-259	39	11	price	price	NOUN
ajeer-259	39	12	limits	limit	NOUN
ajeer-259	39	13	on	on	ADP
ajeer-259	39	14	the	the	DET
ajeer-259	39	15	korean	korean	ADJ
ajeer-259	39	16	stock	stock	NOUN
ajeer-259	39	17	market	market	NOUN
ajeer-259	39	18	to	to	PART
ajeer-259	39	19	find	find	VERB
ajeer-259	39	20	that	that	SCONJ
ajeer-259	39	21	price	price	NOUN
ajeer-259	39	22	limits	limit	NOUN
ajeer-259	39	23	decreased	decrease	VERB
ajeer-259	39	24	stock	stock	NOUN
ajeer-259	39	25	price	price	NOUN
ajeer-259	39	26	volatility	volatility	NOUN
ajeer-259	39	27	over	over	ADP
ajeer-259	39	28	the	the	DET
ajeer-259	39	29	period	period	NOUN
ajeer-259	39	30	1980	1980	NUM
ajeer-259	39	31	-	-	SYM
ajeer-259	39	32	1989	1989	NUM
ajeer-259	39	33	while	while	NOUN
ajeer-259	39	34	(	(	PUNCT
ajeer-259	39	35	berkman	berkman	NOUN
ajeer-259	39	36	and	and	CCONJ
ajeer-259	39	37	lee	lee	PROPN
ajeer-259	39	38	,	,	PUNCT
ajeer-259	39	39	2002	2002	NUM
ajeer-259	39	40	)	)	PUNCT
ajeer-259	39	41	examined	examine	VERB
ajeer-259	39	42	the	the	DET
ajeer-259	39	43	effects	effect	NOUN
ajeer-259	39	44	of	of	ADP
ajeer-259	39	45	expansion	expansion	NOUN
ajeer-259	39	46	of	of	ADP
ajeer-259	39	47	price	price	NOUN
ajeer-259	39	48	limits	limit	NOUN
ajeer-259	39	49	on	on	ADP
ajeer-259	39	50	volatility	volatility	NOUN
ajeer-259	39	51	and	and	CCONJ
ajeer-259	39	52	trading	trading	NOUN
ajeer-259	39	53	volume	volume	NOUN
ajeer-259	39	54	for	for	ADP
ajeer-259	39	55	korean	korean	ADJ
ajeer-259	39	56	stocks	stock	NOUN
ajeer-259	39	57	for	for	ADP
ajeer-259	39	58	the	the	DET
ajeer-259	39	59	period	period	NOUN
ajeer-259	39	60	from	from	ADP
ajeer-259	39	61	april	april	PROPN
ajeer-259	39	62	1	1	NUM
ajeer-259	39	63	,	,	PUNCT
ajeer-259	39	64	1994	1994	NUM
ajeer-259	39	65	to	to	ADP
ajeer-259	39	66	april	april	PROPN
ajeer-259	39	67	1	1	NUM
ajeer-259	39	68	,	,	PUNCT
ajeer-259	39	69	1996	1996	NUM
ajeer-259	39	70	to	to	PART
ajeer-259	39	71	find	find	VERB
ajeer-259	39	72	that	that	SCONJ
ajeer-259	39	73	expansion	expansion	NOUN
ajeer-259	39	74	of	of	ADP
ajeer-259	39	75	price	price	NOUN
ajeer-259	39	76	limits	limit	NOUN
ajeer-259	39	77	increased	increase	VERB
ajeer-259	39	78	weekly	weekly	ADJ
ajeer-259	39	79	volatility	volatility	NOUN
ajeer-259	39	80	and	and	CCONJ
ajeer-259	39	81	decreased	decrease	VERB
ajeer-259	39	82	trading	trading	NOUN
ajeer-259	39	83	volume	volume	NOUN
ajeer-259	39	84	.	.	PUNCT
ajeer-259	40	1	for	for	ADP
ajeer-259	40	2	studies	study	NOUN
ajeer-259	40	3	on	on	ADP
ajeer-259	40	4	the	the	DET
ajeer-259	40	5	stock	stock	NOUN
ajeer-259	40	6	price	price	NOUN
ajeer-259	40	7	limits	limit	NOUN
ajeer-259	40	8	and	and	CCONJ
ajeer-259	40	9	market	market	NOUN
ajeer-259	40	10	efficiency	efficiency	NOUN
ajeer-259	40	11	,	,	PUNCT
ajeer-259	40	12	lee	lee	PROPN
ajeer-259	40	13	and	and	CCONJ
ajeer-259	40	14	chung	chung	PROPN
ajeer-259	40	15	(	(	PUNCT
ajeer-259	40	16	1996	1996	NUM
ajeer-259	40	17	)	)	PUNCT
ajeer-259	40	18	tested	test	VERB
ajeer-259	40	19	30	30	NUM
ajeer-259	40	20	stocks	stock	NOUN
ajeer-259	40	21	randomly	randomly	ADV
ajeer-259	40	22	selected	select	VERB
ajeer-259	40	23	from	from	ADP
ajeer-259	40	24	korean	korean	ADJ
ajeer-259	40	25	stock	stock	NOUN
ajeer-259	40	26	exchange	exchange	NOUN
ajeer-259	40	27	to	to	PART
ajeer-259	40	28	find	find	VERB
ajeer-259	40	29	that	that	SCONJ
ajeer-259	40	30	the	the	DET
ajeer-259	40	31	price	price	NOUN
ajeer-259	40	32	limits	limit	VERB
ajeer-259	40	33	system	system	NOUN
ajeer-259	40	34	results	result	VERB
ajeer-259	40	35	in	in	ADP
ajeer-259	40	36	a	a	DET
ajeer-259	40	37	lower	low	ADJ
ajeer-259	40	38	volatility	volatility	NOUN
ajeer-259	40	39	and	and	CCONJ
ajeer-259	40	40	that	that	SCONJ
ajeer-259	40	41	korean	korean	ADJ
ajeer-259	40	42	stock	stock	NOUN
ajeer-259	40	43	market	market	NOUN
ajeer-259	40	44	seems	seem	VERB
ajeer-259	40	45	to	to	PART
ajeer-259	40	46	be	be	AUX
ajeer-259	40	47	inefficient	inefficient	ADJ
ajeer-259	40	48	because	because	SCONJ
ajeer-259	40	49	of	of	ADP
ajeer-259	40	50	the	the	DET
ajeer-259	40	51	biased	biased	ADJ
ajeer-259	40	52	price	price	NOUN
ajeer-259	40	53	movements	movement	NOUN
ajeer-259	40	54	due	due	ADP
ajeer-259	40	55	to	to	ADP
ajeer-259	40	56	the	the	DET
ajeer-259	40	57	price	price	NOUN
ajeer-259	40	58	limits	limit	NOUN
ajeer-259	40	59	.	.	PUNCT
ajeer-259	41	1	later	later	ADV
ajeer-259	41	2	,	,	PUNCT
ajeer-259	41	3	ryoo	ryoo	NOUN
ajeer-259	41	4	and	and	CCONJ
ajeer-259	41	5	smith	smith	PROPN
ajeer-259	41	6	(	(	PUNCT
ajeer-259	41	7	2002	2002	NUM
ajeer-259	41	8	)	)	PUNCT
ajeer-259	41	9	examined	examine	VERB
ajeer-259	41	10	the	the	DET
ajeer-259	41	11	random	random	ADJ
ajeer-259	41	12	walk	walk	NOUN
ajeer-259	41	13	hypothesis	hypothesis	NOUN
ajeer-259	41	14	for	for	ADP
ajeer-259	41	15	the	the	DET
ajeer-259	41	16	korean	korean	ADJ
ajeer-259	41	17	stock	stock	NOUN
ajeer-259	41	18	market	market	NOUN
ajeer-259	41	19	with	with	ADP
ajeer-259	41	20	the	the	DET
ajeer-259	41	21	use	use	NOUN
ajeer-259	41	22	of	of	ADP
ajeer-259	41	23	multiple	multiple	ADJ
ajeer-259	41	24	variance	variance	NOUN
ajeer-259	41	25	ratio	ratio	NOUN
ajeer-259	41	26	tests	test	NOUN
ajeer-259	41	27	for	for	ADP
ajeer-259	41	28	a	a	DET
ajeer-259	41	29	sample	sample	NOUN
ajeer-259	41	30	of	of	ADP
ajeer-259	41	31	55	55	NUM
ajeer-259	41	32	actively	actively	ADV
ajeer-259	41	33	traded	trade	VERB
ajeer-259	41	34	stocks	stock	NOUN
ajeer-259	41	35	selected	select	VERB
ajeer-259	41	36	from	from	ADP
ajeer-259	41	37	different	different	ADJ
ajeer-259	41	38	industries	industry	NOUN
ajeer-259	41	39	for	for	ADP
ajeer-259	41	40	the	the	DET
ajeer-259	41	41	period	period	NOUN
ajeer-259	41	42	march	march	PROPN
ajeer-259	41	43	1988	1988	NUM
ajeer-259	41	44	to	to	ADP
ajeer-259	41	45	december	december	PROPN
ajeer-259	41	46	1998	1998	NUM
ajeer-259	41	47	which	which	PRON
ajeer-259	41	48	saw	see	VERB
ajeer-259	41	49	five	five	NUM
ajeer-259	41	50	changes	change	NOUN
ajeer-259	41	51	of	of	ADP
ajeer-259	41	52	daily	daily	ADJ
ajeer-259	41	53	price	price	NOUN
ajeer-259	41	54	limits	limit	NOUN
ajeer-259	41	55	.	.	PUNCT
ajeer-259	42	1	as	as	SCONJ
ajeer-259	42	2	price	price	NOUN
ajeer-259	42	3	limits	limit	NOUN
ajeer-259	42	4	are	be	AUX
ajeer-259	42	5	eased	ease	VERB
ajeer-259	42	6	,	,	PUNCT
ajeer-259	42	7	more	more	ADJ
ajeer-259	42	8	stocks	stock	NOUN
ajeer-259	42	9	are	be	AUX
ajeer-259	42	10	found	find	VERB
ajeer-259	42	11	to	to	PART
ajeer-259	42	12	follow	follow	VERB
ajeer-259	42	13	the	the	DET
ajeer-259	42	14	random	random	ADJ
ajeer-259	42	15	walk	walk	NOUN
ajeer-259	42	16	process	process	NOUN
ajeer-259	42	17	.	.	PUNCT
ajeer-259	43	1	lim	lim	PROPN
ajeer-259	43	2	and	and	CCONJ
ajeer-259	43	3	brooks	brooks	PROPN
ajeer-259	43	4	(	(	PUNCT
ajeer-259	43	5	2009	2009	NUM
ajeer-259	43	6	)	)	PUNCT
ajeer-259	43	7	compared	compare	VERB
ajeer-259	43	8	the	the	DET
ajeer-259	43	9	effects	effect	NOUN
ajeer-259	43	10	of	of	ADP
ajeer-259	43	11	change	change	NOUN
ajeer-259	43	12	in	in	ADP
ajeer-259	43	13	price	price	NOUN
ajeer-259	43	14	limits	limit	NOUN
ajeer-259	43	15	on	on	ADP
ajeer-259	43	16	the	the	DET
ajeer-259	43	17	stock	stock	NOUN
ajeer-259	43	18	market	market	NOUN
ajeer-259	43	19	efficiency	efficiency	NOUN
ajeer-259	43	20	among	among	ADP
ajeer-259	43	21	korea	korea	PROPN
ajeer-259	43	22	,	,	PUNCT
ajeer-259	43	23	china	china	PROPN
ajeer-259	43	24	and	and	CCONJ
ajeer-259	43	25	taiwan	taiwan	PROPN
ajeer-259	43	26	.	.	PUNCT
ajeer-259	44	1	using	use	VERB
ajeer-259	44	2	the	the	DET
ajeer-259	44	3	rolling	rolling	ADJ
ajeer-259	44	4	bicorrelation	bicorrelation	NOUN
ajeer-259	44	5	test	test	NOUN
ajeer-259	44	6	statistic	statistic	NOUN
ajeer-259	44	7	on	on	ADP
ajeer-259	44	8	the	the	DET
ajeer-259	44	9	daily	daily	ADJ
ajeer-259	44	10	market	market	NOUN
ajeer-259	44	11	indexes	index	NOUN
ajeer-259	44	12	,	,	PUNCT
ajeer-259	44	13	they	they	PRON
ajeer-259	44	14	suggested	suggest	VERB
ajeer-259	44	15	that	that	SCONJ
ajeer-259	44	16	price	price	NOUN
ajeer-259	44	17	limits	limit	NOUN
ajeer-259	44	18	do	do	AUX
ajeer-259	44	19	not	not	PART
ajeer-259	44	20	weaken	weaken	VERB
ajeer-259	44	21	market	market	NOUN
ajeer-259	44	22	efficiency	efficiency	NOUN
ajeer-259	44	23	.	.	PUNCT
ajeer-259	45	1	however	however	ADV
ajeer-259	45	2	,	,	PUNCT
ajeer-259	45	3	their	their	PRON
ajeer-259	45	4	findings	finding	NOUN
ajeer-259	45	5	may	may	AUX
ajeer-259	45	6	have	have	VERB
ajeer-259	45	7	some	some	DET
ajeer-259	45	8	drawback	drawback	NOUN
ajeer-259	45	9	in	in	ADP
ajeer-259	45	10	that	that	SCONJ
ajeer-259	45	11	they	they	PRON
ajeer-259	45	12	used	use	VERB
ajeer-259	45	13	market	market	NOUN
ajeer-259	45	14	indexes	index	NOUN
ajeer-259	45	15	for	for	ADP
ajeer-259	45	16	analysis	analysis	NOUN
ajeer-259	45	17	rather	rather	ADV
ajeer-259	45	18	than	than	ADP
ajeer-259	45	19	individual	individual	ADJ
ajeer-259	45	20	stock	stock	NOUN
ajeer-259	45	21	prices	price	NOUN
ajeer-259	45	22	because	because	SCONJ
ajeer-259	45	23	the	the	DET
ajeer-259	45	24	price	price	NOUN
ajeer-259	45	25	limits	limit	NOUN
ajeer-259	45	26	are	be	AUX
ajeer-259	45	27	imposed	impose	VERB
ajeer-259	45	28	on	on	ADP
ajeer-259	45	29	the	the	DET
ajeer-259	45	30	individual	individual	ADJ
ajeer-259	45	31	stock	stock	NOUN
ajeer-259	45	32	prices	price	NOUN
ajeer-259	45	33	not	not	PART
ajeer-259	45	34	the	the	DET
ajeer-259	45	35	market	market	NOUN
ajeer-259	45	36	index	index	NOUN
ajeer-259	45	37	.	.	PUNCT
ajeer-259	46	1	it	it	PRON
ajeer-259	46	2	would	would	AUX
ajeer-259	46	3	be	be	AUX
ajeer-259	46	4	of	of	ADP
ajeer-259	46	5	great	great	ADJ
ajeer-259	46	6	interest	interest	NOUN
ajeer-259	46	7	to	to	PART
ajeer-259	46	8	examine	examine	VERB
ajeer-259	46	9	whether	whether	SCONJ
ajeer-259	46	10	relaxed	relaxed	ADJ
ajeer-259	46	11	price	price	NOUN
ajeer-259	46	12	limits	limit	NOUN
ajeer-259	46	13	regime	regime	NOUN
ajeer-259	46	14	in	in	ADP
ajeer-259	46	15	korea	korea	PROPN
ajeer-259	46	16	stock	stock	NOUN
ajeer-259	46	17	market	market	NOUN
ajeer-259	46	18	have	have	AUX
ajeer-259	46	19	contributed	contribute	VERB
ajeer-259	46	20	to	to	ADP
ajeer-259	46	21	the	the	DET
ajeer-259	46	22	market	market	NOUN
ajeer-259	46	23	efficiency	efficiency	NOUN
ajeer-259	46	24	as	as	SCONJ
ajeer-259	46	25	hoped	hope	VERB
ajeer-259	46	26	by	by	ADP
ajeer-259	46	27	the	the	DET
ajeer-259	46	28	authority	authority	NOUN
ajeer-259	46	29	.	.	PUNCT
ajeer-259	47	1	to	to	PART
ajeer-259	47	2	fill	fill	VERB
ajeer-259	47	3	the	the	DET
ajeer-259	47	4	gap	gap	NOUN
ajeer-259	47	5	in	in	ADP
ajeer-259	47	6	the	the	DET
ajeer-259	47	7	literature	literature	NOUN
ajeer-259	47	8	on	on	ADP
ajeer-259	47	9	this	this	DET
ajeer-259	47	10	topic	topic	NOUN
ajeer-259	47	11	,	,	PUNCT
ajeer-259	47	12	this	this	DET
ajeer-259	47	13	paper	paper	NOUN
ajeer-259	47	14	aims	aim	VERB
ajeer-259	47	15	to	to	PART
ajeer-259	47	16	investigate	investigate	VERB
ajeer-259	47	17	the	the	DET
ajeer-259	47	18	effects	effect	NOUN
ajeer-259	47	19	of	of	ADP
ajeer-259	47	20	the	the	DET
ajeer-259	47	21	recent	recent	ADJ
ajeer-259	47	22	widening	widening	NOUN
ajeer-259	47	23	of	of	ADP
ajeer-259	47	24	price	price	NOUN
ajeer-259	47	25	limits	limit	NOUN
ajeer-259	47	26	on	on	ADP
ajeer-259	47	27	efficiency	efficiency	NOUN
ajeer-259	47	28	of	of	ADP
ajeer-259	47	29	the	the	DET
ajeer-259	47	30	korean	korean	ADJ
ajeer-259	47	31	stock	stock	NOUN
ajeer-259	47	32	market	market	NOUN
ajeer-259	47	33	based	base	VERB
ajeer-259	47	34	on	on	ADP
ajeer-259	47	35	a	a	DET
ajeer-259	47	36	random	random	ADJ
ajeer-259	47	37	walk	walk	NOUN
ajeer-259	47	38	model	model	NOUN
ajeer-259	47	39	.	.	PUNCT
ajeer-259	48	1	based	base	VERB
ajeer-259	48	2	on	on	ADP
ajeer-259	48	3	the	the	DET
ajeer-259	48	4	methods	method	NOUN
ajeer-259	48	5	of	of	ADP
ajeer-259	48	6	alternative	alternative	ADJ
ajeer-259	48	7	variance	variance	NOUN
ajeer-259	48	8	ratio	ratio	NOUN
ajeer-259	48	9	tests	test	NOUN
ajeer-259	48	10	,	,	PUNCT
ajeer-259	48	11	this	this	DET
ajeer-259	48	12	study	study	NOUN
ajeer-259	48	13	uses	use	VERB
ajeer-259	48	14	60	60	NUM
ajeer-259	48	15	companies	company	NOUN
ajeer-259	48	16	listed	list	VERB
ajeer-259	48	17	in	in	ADP
ajeer-259	48	18	the	the	DET
ajeer-259	48	19	korea	korea	PROPN
ajeer-259	48	20	exchange	exchange	PROPN
ajeer-259	48	21	selected	select	VERB
ajeer-259	48	22	from	from	ADP
ajeer-259	48	23	different	different	ADJ
ajeer-259	48	24	industries	industry	NOUN
ajeer-259	48	25	as	as	ADV
ajeer-259	48	26	well	well	ADV
ajeer-259	48	27	as	as	ADP
ajeer-259	48	28	korea	korea	PROPN
ajeer-259	48	29	composite	composite	ADJ
ajeer-259	48	30	stock	stock	NOUN
ajeer-259	48	31	price	price	NOUN
ajeer-259	48	32	index	index	NOUN
ajeer-259	48	33	(	(	PUNCT
ajeer-259	48	34	kospi	kospi	NOUN
ajeer-259	48	35	)	)	PUNCT
ajeer-259	48	36	.	.	PUNCT
ajeer-259	49	1	daily	daily	ADJ
ajeer-259	49	2	closing	close	VERB
ajeer-259	49	3	stock	stock	NOUN
ajeer-259	49	4	prices	price	NOUN
ajeer-259	49	5	for	for	ADP
ajeer-259	49	6	the	the	DET
ajeer-259	49	7	sample	sample	NOUN
ajeer-259	49	8	companies	company	NOUN
ajeer-259	49	9	are	be	AUX
ajeer-259	49	10	collected	collect	VERB
ajeer-259	49	11	over	over	ADP
ajeer-259	49	12	the	the	DET
ajeer-259	49	13	period	period	NOUN
ajeer-259	49	14	from	from	ADP
ajeer-259	49	15	january	january	PROPN
ajeer-259	49	16	2	2	NUM
ajeer-259	49	17	,	,	PUNCT
ajeer-259	49	18	2012	2012	NUM
ajeer-259	49	19	to	to	ADP
ajeer-259	49	20	november	november	PROPN
ajeer-259	49	21	30	30	NUM
ajeer-259	49	22	,	,	PUNCT
ajeer-259	49	23	2017	2017	NUM
ajeer-259	49	24	,	,	PUNCT
ajeer-259	49	25	which	which	PRON
ajeer-259	49	26	is	be	AUX
ajeer-259	49	27	divided	divide	VERB
ajeer-259	49	28	into	into	ADP
ajeer-259	49	29	two	two	NUM
ajeer-259	49	30	sub	sub	NOUN
ajeer-259	49	31	-	-	NOUN
ajeer-259	49	32	periods	period	NOUN
ajeer-259	49	33	of	of	ADP
ajeer-259	49	34	january	january	PROPN
ajeer-259	49	35	2	2	NUM
ajeer-259	49	36	,	,	PUNCT
ajeer-259	49	37	2012	2012	NUM
ajeer-259	49	38	–	–	PUNCT
ajeer-259	49	39	june	june	PROPN
ajeer-259	49	40	14	14	NUM
ajeer-259	49	41	,	,	PUNCT
ajeer-259	49	42	2015	2015	NUM
ajeer-259	49	43	and	and	CCONJ
ajeer-259	49	44	june	june	PROPN
ajeer-259	49	45	15	15	NUM
ajeer-259	49	46	,	,	PUNCT
ajeer-259	49	47	2015	2015	NUM
ajeer-259	49	48	–	–	PUNCT
ajeer-259	49	49	november	november	PROPN
ajeer-259	49	50	30	30	NUM
ajeer-259	49	51	,	,	PUNCT
ajeer-259	49	52	2017	2017	NUM
ajeer-259	49	53	for	for	ADP
ajeer-259	49	54	comparison	comparison	NOUN
ajeer-259	49	55	of	of	ADP
ajeer-259	49	56	market	market	NOUN
ajeer-259	49	57	efficiency	efficiency	NOUN
ajeer-259	49	58	between	between	ADP
ajeer-259	49	59	before	before	ADP
ajeer-259	49	60	and	and	CCONJ
ajeer-259	49	61	after	after	ADP
ajeer-259	49	62	the	the	DET
ajeer-259	49	63	relaxed	relaxed	ADJ
ajeer-259	49	64	price	price	NOUN
ajeer-259	49	65	limits	limit	NOUN
ajeer-259	49	66	effective	effective	ADJ
ajeer-259	49	67	on	on	ADP
ajeer-259	49	68	june	june	PROPN
ajeer-259	49	69	15	15	NUM
ajeer-259	49	70	,	,	PUNCT
ajeer-259	49	71	2015	2015	NUM
ajeer-259	49	72	.	.	PUNCT
ajeer-259	50	1	1	1	NUM
ajeer-259	50	2	in	in	ADP
ajeer-259	50	3	emh	emh	PROPN
ajeer-259	50	4	,	,	PUNCT
ajeer-259	50	5	according	accord	VERB
ajeer-259	50	6	to	to	ADP
ajeer-259	50	7	the	the	DET
ajeer-259	50	8	three	three	NUM
ajeer-259	50	9	available	available	ADJ
ajeer-259	50	10	information	information	NOUN
ajeer-259	50	11	set	set	NOUN
ajeer-259	50	12	,	,	PUNCT
ajeer-259	50	13	there	there	PRON
ajeer-259	50	14	are	be	VERB
ajeer-259	50	15	three	three	NUM
ajeer-259	50	16	different	different	ADJ
ajeer-259	50	17	efficient	efficient	ADJ
ajeer-259	50	18	markets	market	NOUN
ajeer-259	50	19	,	,	PUNCT
ajeer-259	50	20	i.e.	i.e.	X
ajeer-259	50	21	,	,	PUNCT
ajeer-259	50	22	weak	weak	ADJ
ajeer-259	50	23	form	form	NOUN
ajeer-259	50	24	,	,	PUNCT
ajeer-259	50	25	semi	semi	ADJ
ajeer-259	50	26	-	-	ADJ
ajeer-259	50	27	strong	strong	ADJ
ajeer-259	50	28	form	form	NOUN
ajeer-259	50	29	,	,	PUNCT
ajeer-259	50	30	and	and	CCONJ
ajeer-259	50	31	strong	strong	ADJ
ajeer-259	50	32	form	form	NOUN
ajeer-259	50	33	efficient	efficient	ADJ
ajeer-259	50	34	market	market	NOUN
ajeer-259	50	35	.	.	PUNCT
ajeer-259	51	1	for	for	ADP
ajeer-259	51	2	more	more	ADJ
ajeer-259	51	3	details	detail	NOUN
ajeer-259	51	4	,	,	PUNCT
ajeer-259	51	5	refer	refer	VERB
ajeer-259	51	6	to	to	ADP
ajeer-259	51	7	fama	fama	NOUN
ajeer-259	51	8	(	(	PUNCT
ajeer-259	51	9	1970	1970	NUM
ajeer-259	51	10	)	)	PUNCT
ajeer-259	51	11	.	.	PUNCT
ajeer-259	52	1	2	2	NUM
ajeer-259	52	2	detailed	detailed	ADJ
ajeer-259	52	3	explanation	explanation	NOUN
ajeer-259	52	4	and	and	CCONJ
ajeer-259	52	5	history	history	NOUN
ajeer-259	52	6	of	of	ADP
ajeer-259	52	7	daily	daily	ADJ
ajeer-259	52	8	price	price	NOUN
ajeer-259	52	9	limits	limit	NOUN
ajeer-259	52	10	system	system	NOUN
ajeer-259	52	11	in	in	ADP
ajeer-259	52	12	the	the	DET
ajeer-259	52	13	korean	korean	ADJ
ajeer-259	52	14	stock	stock	NOUN
ajeer-259	52	15	market	market	NOUN
ajeer-259	52	16	is	be	AUX
ajeer-259	52	17	well	well	ADV
ajeer-259	52	18	documented	document	VERB
ajeer-259	52	19	in	in	ADP
ajeer-259	52	20	section	section	NOUN
ajeer-259	52	21	iii	iii	PROPN
ajeer-259	52	22	of	of	ADP
ajeer-259	52	23	ryoo	ryoo	NOUN
ajeer-259	52	24	and	and	CCONJ
ajeer-259	52	25	smith	smith	PROPN
ajeer-259	52	26	(	(	PUNCT
ajeer-259	52	27	2002	2002	NUM
ajeer-259	52	28	)	)	PUNCT
ajeer-259	52	29	.	.	PUNCT
ajeer-259	53	1	3	3	NUM
ajeer-259	53	2	at	at	ADP
ajeer-259	53	3	present	present	PROPN
ajeer-259	53	4	japan	japan	PROPN
ajeer-259	53	5	’s	’s	PART
ajeer-259	53	6	daily	daily	ADJ
ajeer-259	53	7	price	price	NOUN
ajeer-259	53	8	limits	limit	NOUN
ajeer-259	53	9	are	be	AUX
ajeer-259	53	10	set	set	VERB
ajeer-259	53	11	in	in	ADP
ajeer-259	53	12	absolute	absolute	ADJ
ajeer-259	53	13	yen	yen	NOUN
ajeer-259	53	14	from	from	ADP
ajeer-259	53	15	the	the	DET
ajeer-259	53	16	previous	previous	ADJ
ajeer-259	53	17	day	day	NOUN
ajeer-259	53	18	’s	’s	PART
ajeer-259	53	19	closing	closing	NOUN
ajeer-259	53	20	price	price	NOUN
ajeer-259	53	21	,	,	PUNCT
ajeer-259	53	22	for	for	ADP
ajeer-259	53	23	example	example	NOUN
ajeer-259	53	24	,	,	PUNCT
ajeer-259	53	25	price	price	NOUN
ajeer-259	53	26	limit	limit	NOUN
ajeer-259	53	27	for	for	ADP
ajeer-259	53	28	the	the	DET
ajeer-259	53	29	stock	stock	NOUN
ajeer-259	53	30	with	with	ADP
ajeer-259	53	31	previous	previous	ADJ
ajeer-259	53	32	day	day	NOUN
ajeer-259	53	33	’s	’s	PART
ajeer-259	53	34	closing	closing	NOUN
ajeer-259	53	35	price	price	NOUN
ajeer-259	53	36	of	of	ADP
ajeer-259	53	37	less	less	ADJ
ajeer-259	53	38	than	than	ADP
ajeer-259	53	39	1,000	1,000	NUM
ajeer-259	53	40	yen	yen	NOUN
ajeer-259	53	41	is	be	AUX
ajeer-259	53	42	±150	±150	NOUN
ajeer-259	53	43	yen	yen	NOUN
ajeer-259	53	44	.	.	PUNCT
ajeer-259	54	1	in	in	ADP
ajeer-259	54	2	china	china	PROPN
ajeer-259	54	3	and	and	CCONJ
ajeer-259	54	4	taiwan	taiwan	PROPN
ajeer-259	54	5	,	,	PUNCT
ajeer-259	54	6	daily	daily	ADJ
ajeer-259	54	7	price	price	NOUN
ajeer-259	54	8	limits	limit	NOUN
ajeer-259	54	9	of	of	ADP
ajeer-259	54	10	stocks	stock	NOUN
ajeer-259	54	11	are	be	AUX
ajeer-259	54	12	set	set	VERB
ajeer-259	54	13	at	at	ADP
ajeer-259	54	14	±10	±10	NOUN
ajeer-259	54	15	percent	percent	NOUN
ajeer-259	54	16	of	of	ADP
ajeer-259	54	17	the	the	DET
ajeer-259	54	18	previous	previous	ADJ
ajeer-259	54	19	day	day	NOUN
ajeer-259	54	20	’s	’s	PART
ajeer-259	54	21	closing	closing	NOUN
ajeer-259	54	22	price	price	NOUN
ajeer-259	54	23	(	(	PUNCT
ajeer-259	54	24	see	see	VERB
ajeer-259	54	25	http://www.jpx.co.jp/english/equities/trading/domestic/06.html	http://www.jpx.co.jp/english/equities/trading/domestic/06.html	PROPN
ajeer-259	54	26	,	,	PUNCT
ajeer-259	54	27	http://english.sse.com.cn/tradmembership/rules/c/3977570.pdf	http://english.sse.com.cn/tradmembership/rules/c/3977570.pdf	NOUN
ajeer-259	54	28	,	,	PUNCT
ajeer-259	54	29	and	and	CCONJ
ajeer-259	54	30	http://www.twse.com.tw/en/page/products/trading_rules/mechanism01.html#5	http://www.twse.com.tw/en/page/products/trading_rules/mechanism01.html#5	NOUN
ajeer-259	54	31	)	)	PUNCT
ajeer-259	54	32	.	.	PUNCT
ajeer-259	55	1	asian	asian	ADJ
ajeer-259	55	2	journal	journal	PROPN
ajeer-259	55	3	of	of	ADP
ajeer-259	55	4	economics	economic	NOUN
ajeer-259	55	5	and	and	CCONJ
ajeer-259	55	6	empirical	empirical	ADJ
ajeer-259	55	7	research	research	NOUN
ajeer-259	55	8	,	,	PUNCT
ajeer-259	55	9	2018	2018	NUM
ajeer-259	55	10	,	,	PUNCT
ajeer-259	55	11	5(2	5(2	NUM
ajeer-259	55	12	):	):	PUNCT
ajeer-259	55	13	191	191	NUM
ajeer-259	55	14	-	-	SYM
ajeer-259	55	15	200	200	NUM
ajeer-259	55	16	193	193	NUM
ajeer-259	55	17	the	the	DET
ajeer-259	55	18	rest	rest	NOUN
ajeer-259	55	19	of	of	ADP
ajeer-259	55	20	the	the	DET
ajeer-259	55	21	paper	paper	NOUN
ajeer-259	55	22	is	be	AUX
ajeer-259	55	23	organized	organize	VERB
ajeer-259	55	24	as	as	SCONJ
ajeer-259	55	25	follows	follow	VERB
ajeer-259	55	26	.	.	PUNCT
ajeer-259	56	1	section	section	NOUN
ajeer-259	56	2	2	2	NUM
ajeer-259	56	3	discusses	discuss	VERB
ajeer-259	56	4	the	the	DET
ajeer-259	56	5	research	research	NOUN
ajeer-259	56	6	methodology	methodology	NOUN
ajeer-259	56	7	to	to	PART
ajeer-259	56	8	test	test	VERB
ajeer-259	56	9	the	the	DET
ajeer-259	56	10	random	random	ADJ
ajeer-259	56	11	walk	walk	NOUN
ajeer-259	56	12	hypothesis	hypothesis	NOUN
ajeer-259	56	13	.	.	PUNCT
ajeer-259	57	1	the	the	DET
ajeer-259	57	2	data	datum	NOUN
ajeer-259	57	3	used	use	VERB
ajeer-259	57	4	for	for	ADP
ajeer-259	57	5	analysis	analysis	NOUN
ajeer-259	57	6	is	be	AUX
ajeer-259	57	7	presented	present	VERB
ajeer-259	57	8	in	in	ADP
ajeer-259	57	9	section	section	NOUN
ajeer-259	57	10	3	3	NUM
ajeer-259	57	11	.	.	PUNCT
ajeer-259	57	12	section	section	NOUN
ajeer-259	57	13	4	4	NUM
ajeer-259	57	14	discusses	discuss	VERB
ajeer-259	57	15	empirical	empirical	ADJ
ajeer-259	57	16	results	result	NOUN
ajeer-259	57	17	and	and	CCONJ
ajeer-259	57	18	implications	implication	NOUN
ajeer-259	57	19	of	of	ADP
ajeer-259	57	20	the	the	DET
ajeer-259	57	21	results	result	NOUN
ajeer-259	57	22	before	before	ADP
ajeer-259	57	23	concluding	conclude	VERB
ajeer-259	57	24	the	the	DET
ajeer-259	57	25	study	study	NOUN
ajeer-259	57	26	in	in	ADP
ajeer-259	57	27	section	section	NOUN
ajeer-259	57	28	5	5	NUM
ajeer-259	57	29	.	.	SYM
ajeer-259	57	30	2	2	NUM
ajeer-259	57	31	.	.	NOUN
ajeer-259	57	32	methodology	methodology	NOUN
ajeer-259	57	33	multiple	multiple	ADJ
ajeer-259	57	34	variance	variance	NOUN
ajeer-259	57	35	ratio	ratio	NOUN
ajeer-259	57	36	tests	test	NOUN
ajeer-259	57	37	were	be	AUX
ajeer-259	57	38	employed	employ	VERB
ajeer-259	57	39	to	to	PART
ajeer-259	57	40	test	test	VERB
ajeer-259	57	41	the	the	DET
ajeer-259	57	42	random	random	ADJ
ajeer-259	57	43	walk	walk	NOUN
ajeer-259	57	44	process	process	NOUN
ajeer-259	57	45	for	for	ADP
ajeer-259	57	46	daily	daily	ADJ
ajeer-259	57	47	stock	stock	NOUN
ajeer-259	57	48	returns	return	NOUN
ajeer-259	57	49	in	in	ADP
ajeer-259	57	50	an	an	DET
ajeer-259	57	51	attempt	attempt	NOUN
ajeer-259	57	52	to	to	PART
ajeer-259	57	53	investigate	investigate	VERB
ajeer-259	57	54	the	the	DET
ajeer-259	57	55	effect	effect	NOUN
ajeer-259	57	56	of	of	ADP
ajeer-259	57	57	significant	significant	ADJ
ajeer-259	57	58	expansion	expansion	NOUN
ajeer-259	57	59	of	of	ADP
ajeer-259	57	60	daily	daily	ADJ
ajeer-259	57	61	price	price	NOUN
ajeer-259	57	62	limits	limit	NOUN
ajeer-259	57	63	on	on	ADP
ajeer-259	57	64	the	the	DET
ajeer-259	57	65	efficiency	efficiency	NOUN
ajeer-259	57	66	of	of	ADP
ajeer-259	57	67	korean	korean	ADJ
ajeer-259	57	68	stock	stock	NOUN
ajeer-259	57	69	market.4	market.4	PROPN
ajeer-259	57	70	variance	variance	NOUN
ajeer-259	57	71	ratio	ratio	NOUN
ajeer-259	57	72	tests	test	NOUN
ajeer-259	57	73	proposed	propose	VERB
ajeer-259	57	74	by	by	ADP
ajeer-259	57	75	lo	lo	PROPN
ajeer-259	57	76	and	and	CCONJ
ajeer-259	57	77	mackinlay	mackinlay	NOUN
ajeer-259	57	78	(	(	PUNCT
ajeer-259	57	79	1988	1988	NUM
ajeer-259	57	80	)	)	PUNCT
ajeer-259	57	81	have	have	AUX
ajeer-259	57	82	been	be	AUX
ajeer-259	57	83	popular	popular	ADJ
ajeer-259	57	84	and	and	CCONJ
ajeer-259	57	85	extensively	extensively	ADV
ajeer-259	57	86	used	use	VERB
ajeer-259	57	87	in	in	ADP
ajeer-259	57	88	testing	test	VERB
ajeer-259	57	89	the	the	DET
ajeer-259	57	90	random	random	ADJ
ajeer-259	57	91	walk	walk	NOUN
ajeer-259	57	92	process	process	NOUN
ajeer-259	57	93	for	for	ADP
ajeer-259	57	94	examination	examination	NOUN
ajeer-259	57	95	of	of	ADP
ajeer-259	57	96	the	the	DET
ajeer-259	57	97	market	market	NOUN
ajeer-259	57	98	efficiency	efficiency	NOUN
ajeer-259	57	99	across	across	ADP
ajeer-259	57	100	the	the	DET
ajeer-259	57	101	world	world	NOUN
ajeer-259	57	102	including	include	VERB
ajeer-259	57	103	korea	korea	PROPN
ajeer-259	57	104	(	(	PUNCT
ajeer-259	57	105	for	for	ADP
ajeer-259	57	106	example	example	NOUN
ajeer-259	57	107	,	,	PUNCT
ajeer-259	57	108	ayadi	ayadi	NOUN
ajeer-259	57	109	and	and	CCONJ
ajeer-259	57	110	pyun	pyun	NOUN
ajeer-259	57	111	(	(	PUNCT
ajeer-259	57	112	1994	1994	NUM
ajeer-259	57	113	)	)	PUNCT
ajeer-259	57	114	,	,	PUNCT
ajeer-259	57	115	huang	huang	PROPN
ajeer-259	57	116	(	(	PUNCT
ajeer-259	57	117	1995	1995	NUM
ajeer-259	57	118	)	)	PUNCT
ajeer-259	57	119	,	,	PUNCT
ajeer-259	57	120	ryoo	ryoo	NOUN
ajeer-259	57	121	and	and	CCONJ
ajeer-259	57	122	smith	smith	PROPN
ajeer-259	57	123	(	(	PUNCT
ajeer-259	57	124	2002	2002	NUM
ajeer-259	57	125	)	)	PUNCT
ajeer-259	57	126	,	,	PUNCT
ajeer-259	57	127	hoque	hoque	NOUN
ajeer-259	57	128	et	et	PROPN
ajeer-259	57	129	al	al	PROPN
ajeer-259	57	130	.	.	PUNCT
ajeer-259	58	1	(	(	PUNCT
ajeer-259	58	2	2007	2007	NUM
ajeer-259	58	3	)	)	PUNCT
ajeer-259	58	4	and	and	CCONJ
ajeer-259	58	5	kim	kim	PROPN
ajeer-259	58	6	and	and	CCONJ
ajeer-259	58	7	shamsuddin	shamsuddin	NOUN
ajeer-259	58	8	(	(	PUNCT
ajeer-259	58	9	2008	2008	NUM
ajeer-259	58	10	)	)	PUNCT
ajeer-259	58	11	.	.	PUNCT
ajeer-259	59	1	in	in	ADP
ajeer-259	59	2	an	an	DET
ajeer-259	59	3	efficient	efficient	ADJ
ajeer-259	59	4	(	(	PUNCT
ajeer-259	59	5	weak	weak	ADJ
ajeer-259	59	6	form	form	NOUN
ajeer-259	59	7	)	)	PUNCT
ajeer-259	59	8	market	market	NOUN
ajeer-259	59	9	,	,	PUNCT
ajeer-259	59	10	stock	stock	NOUN
ajeer-259	59	11	prices	price	NOUN
ajeer-259	59	12	tend	tend	VERB
ajeer-259	59	13	to	to	PART
ajeer-259	59	14	follow	follow	VERB
ajeer-259	59	15	a	a	DET
ajeer-259	59	16	random	random	ADJ
ajeer-259	59	17	walk	walk	NOUN
ajeer-259	59	18	process	process	NOUN
ajeer-259	59	19	,	,	PUNCT
ajeer-259	59	20	hence	hence	ADV
ajeer-259	59	21	stock	stock	NOUN
ajeer-259	59	22	prices	price	NOUN
ajeer-259	59	23	can	can	AUX
ajeer-259	59	24	not	not	PART
ajeer-259	59	25	be	be	AUX
ajeer-259	59	26	predicted	predict	VERB
ajeer-259	59	27	by	by	ADP
ajeer-259	59	28	the	the	DET
ajeer-259	59	29	past	past	ADJ
ajeer-259	59	30	information	information	NOUN
ajeer-259	59	31	as	as	SCONJ
ajeer-259	59	32	all	all	DET
ajeer-259	59	33	available	available	ADJ
ajeer-259	59	34	information	information	NOUN
ajeer-259	59	35	have	have	AUX
ajeer-259	59	36	been	be	AUX
ajeer-259	59	37	absorbed	absorb	VERB
ajeer-259	59	38	in	in	ADP
ajeer-259	59	39	current	current	ADJ
ajeer-259	59	40	prices	price	NOUN
ajeer-259	59	41	.	.	PUNCT
ajeer-259	60	1	for	for	ADP
ajeer-259	60	2	the	the	DET
ajeer-259	60	3	test	test	NOUN
ajeer-259	60	4	of	of	ADP
ajeer-259	60	5	the	the	DET
ajeer-259	60	6	market	market	NOUN
ajeer-259	60	7	efficiency	efficiency	NOUN
ajeer-259	60	8	,	,	PUNCT
ajeer-259	60	9	the	the	DET
ajeer-259	60	10	random	random	ADJ
ajeer-259	60	11	walk	walk	NOUN
ajeer-259	60	12	model	model	NOUN
ajeer-259	60	13	is	be	AUX
ajeer-259	60	14	used	use	VERB
ajeer-259	60	15	,	,	PUNCT
ajeer-259	60	16	defined	define	VERB
ajeer-259	60	17	as	as	ADP
ajeer-259	60	18	;	;	PUNCT
ajeer-259	60	19	pt	pt	PROPN
ajeer-259	60	20	=	=	SYM
ajeer-259	60	21	μ	μ	PROPN
ajeer-259	60	22	+	+	NOUN
ajeer-259	60	23	pt-1	pt-1	PUNCT
ajeer-259	61	1	+	+	CCONJ
ajeer-259	61	2	εt	εt	PROPN
ajeer-259	61	3	(	(	PUNCT
ajeer-259	61	4	1	1	NUM
ajeer-259	61	5	)	)	PUNCT
ajeer-259	61	6	or	or	CCONJ
ajeer-259	61	7	,	,	PUNCT
ajeer-259	61	8	∆pt	∆pt	PROPN
ajeer-259	61	9	=	=	SYM
ajeer-259	61	10	rt	rt	PROPN
ajeer-259	61	11	=	=	PUNCT
ajeer-259	61	12	pt	pt	PROPN
ajeer-259	61	13	–	–	PUNCT
ajeer-259	61	14	pt-1	pt-1	PUNCT
ajeer-259	61	15	=	=	SYM
ajeer-259	61	16	μ	μ	PROPN
ajeer-259	61	17	+	+	PROPN
ajeer-259	61	18	εt	εt	PROPN
ajeer-259	61	19	(	(	PUNCT
ajeer-259	61	20	2	2	NUM
ajeer-259	61	21	)	)	PUNCT
ajeer-259	61	22	where	where	SCONJ
ajeer-259	61	23	∆pt	∆pt	PROPN
ajeer-259	61	24	(	(	PUNCT
ajeer-259	61	25	rt	rt	PROPN
ajeer-259	61	26	)	)	PUNCT
ajeer-259	61	27	is	be	AUX
ajeer-259	61	28	the	the	DET
ajeer-259	61	29	continuously	continuously	ADV
ajeer-259	61	30	compounded	compound	VERB
ajeer-259	61	31	rate	rate	NOUN
ajeer-259	61	32	of	of	ADP
ajeer-259	61	33	return	return	NOUN
ajeer-259	61	34	for	for	ADP
ajeer-259	61	35	a	a	DET
ajeer-259	61	36	stock	stock	NOUN
ajeer-259	61	37	at	at	ADP
ajeer-259	61	38	time	time	NOUN
ajeer-259	61	39	t	t	PROPN
ajeer-259	61	40	,	,	PUNCT
ajeer-259	61	41	pt	pt	PROPN
ajeer-259	61	42	and	and	CCONJ
ajeer-259	61	43	pt-1	pt-1	ADV
ajeer-259	61	44	is	be	AUX
ajeer-259	61	45	the	the	DET
ajeer-259	61	46	natural	natural	ADJ
ajeer-259	61	47	log	log	NOUN
ajeer-259	61	48	form	form	NOUN
ajeer-259	61	49	of	of	ADP
ajeer-259	61	50	the	the	DET
ajeer-259	61	51	stock	stock	NOUN
ajeer-259	61	52	price	price	NOUN
ajeer-259	61	53	at	at	ADP
ajeer-259	61	54	time	time	NOUN
ajeer-259	61	55	t	t	PROPN
ajeer-259	61	56	and	and	CCONJ
ajeer-259	61	57	t-1	t-1	PROPN
ajeer-259	61	58	,	,	PUNCT
ajeer-259	61	59	µ	µ	X
ajeer-259	61	60	is	be	AUX
ajeer-259	61	61	a	a	DET
ajeer-259	61	62	drift	drift	NOUN
ajeer-259	61	63	parameter	parameter	NOUN
ajeer-259	61	64	,	,	PUNCT
ajeer-259	61	65	and	and	CCONJ
ajeer-259	61	66	εt	εt	PROPN
ajeer-259	61	67	is	be	AUX
ajeer-259	61	68	a	a	DET
ajeer-259	61	69	random	random	ADJ
ajeer-259	61	70	disturbance	disturbance	NOUN
ajeer-259	61	71	term	term	NOUN
ajeer-259	61	72	.	.	PUNCT
ajeer-259	62	1	under	under	ADP
ajeer-259	62	2	the	the	DET
ajeer-259	62	3	random	random	ADJ
ajeer-259	62	4	walk	walk	NOUN
ajeer-259	62	5	hypothesis	hypothesis	NOUN
ajeer-259	62	6	,	,	PUNCT
ajeer-259	62	7	εt	εt	PROPN
ajeer-259	62	8	is	be	AUX
ajeer-259	62	9	independent	independent	ADJ
ajeer-259	62	10	and	and	CCONJ
ajeer-259	62	11	identically	identically	ADV
ajeer-259	62	12	distributed	distribute	VERB
ajeer-259	62	13	(	(	PUNCT
ajeer-259	62	14	i.i.d	i.i.d	ADJ
ajeer-259	62	15	.	.	PUNCT
ajeer-259	62	16	)	)	PUNCT
ajeer-259	62	17	and	and	CCONJ
ajeer-259	62	18	uncorrelated	uncorrelate	VERB
ajeer-259	62	19	.	.	PUNCT
ajeer-259	63	1	if	if	SCONJ
ajeer-259	63	2	μ	μ	PROPN
ajeer-259	63	3	=	=	SYM
ajeer-259	63	4	0	0	NUM
ajeer-259	63	5	,	,	PUNCT
ajeer-259	63	6	it	it	PRON
ajeer-259	63	7	is	be	AUX
ajeer-259	63	8	a	a	DET
ajeer-259	63	9	random	random	ADJ
ajeer-259	63	10	walk	walk	NOUN
ajeer-259	63	11	without	without	ADP
ajeer-259	63	12	drift	drift	NOUN
ajeer-259	63	13	,	,	PUNCT
ajeer-259	63	14	and	and	CCONJ
ajeer-259	63	15	if	if	SCONJ
ajeer-259	63	16	μ	μ	PROPN
ajeer-259	63	17	≠	≠	PROPN
ajeer-259	63	18	0	0	NUM
ajeer-259	63	19	,	,	PUNCT
ajeer-259	63	20	it	it	PRON
ajeer-259	63	21	is	be	AUX
ajeer-259	63	22	a	a	DET
ajeer-259	63	23	random	random	ADJ
ajeer-259	63	24	walk	walk	NOUN
ajeer-259	63	25	with	with	ADP
ajeer-259	63	26	drift	drift	NOUN
ajeer-259	63	27	.	.	PUNCT
ajeer-259	64	1	the	the	DET
ajeer-259	64	2	variance	variance	NOUN
ajeer-259	64	3	ratio	ratio	NOUN
ajeer-259	64	4	methodology	methodology	NOUN
ajeer-259	64	5	is	be	AUX
ajeer-259	64	6	based	base	VERB
ajeer-259	64	7	on	on	ADP
ajeer-259	64	8	the	the	DET
ajeer-259	64	9	idea	idea	NOUN
ajeer-259	64	10	that	that	SCONJ
ajeer-259	64	11	“	"	PUNCT
ajeer-259	64	12	the	the	DET
ajeer-259	64	13	variance	variance	NOUN
ajeer-259	64	14	of	of	ADP
ajeer-259	64	15	random	random	ADJ
ajeer-259	64	16	walk	walk	NOUN
ajeer-259	64	17	increments	increment	NOUN
ajeer-259	64	18	is	be	AUX
ajeer-259	64	19	linear	linear	ADJ
ajeer-259	64	20	in	in	ADP
ajeer-259	64	21	all	all	DET
ajeer-259	64	22	sampling	sample	VERB
ajeer-259	64	23	intervals	interval	NOUN
ajeer-259	64	24	”	"	PUNCT
ajeer-259	64	25	,	,	PUNCT
ajeer-259	64	26	meaning	mean	VERB
ajeer-259	64	27	that	that	SCONJ
ajeer-259	64	28	the	the	DET
ajeer-259	64	29	“	"	PUNCT
ajeer-259	64	30	variance	variance	NOUN
ajeer-259	64	31	of	of	ADP
ajeer-259	64	32	k	k	ADJ
ajeer-259	64	33	-	-	PUNCT
ajeer-259	64	34	period	period	NOUN
ajeer-259	64	35	return	return	NOUN
ajeer-259	64	36	of	of	ADP
ajeer-259	64	37	the	the	DET
ajeer-259	64	38	time	time	NOUN
ajeer-259	64	39	series	series	NOUN
ajeer-259	64	40	(	(	PUNCT
ajeer-259	64	41	yt	yt	PROPN
ajeer-259	64	42	)	)	PUNCT
ajeer-259	64	43	,	,	PUNCT
ajeer-259	64	44	rk	rk	NOUN
ajeer-259	64	45	=	=	SYM
ajeer-259	64	46	yt−yt−k	yt−yt−k	NOUN
ajeer-259	64	47	,	,	PUNCT
ajeer-259	64	48	is	be	AUX
ajeer-259	64	49	k	k	PROPN
ajeer-259	64	50	times	time	NOUN
ajeer-259	64	51	the	the	DET
ajeer-259	64	52	variance	variance	NOUN
ajeer-259	64	53	of	of	ADP
ajeer-259	64	54	one	one	NUM
ajeer-259	64	55	-	-	PUNCT
ajeer-259	64	56	period	period	NOUN
ajeer-259	64	57	return	return	NOUN
ajeer-259	64	58	,	,	PUNCT
ajeer-259	64	59	rt	rt	PROPN
ajeer-259	64	60	=	=	PUNCT
ajeer-259	64	61	yt−yt−1	yt−yt−1	NOUN
ajeer-259	64	62	”	"	PUNCT
ajeer-259	64	63	(	(	PUNCT
ajeer-259	64	64	amélie	amélie	PROPN
ajeer-259	64	65	and	and	CCONJ
ajeer-259	64	66	darné	darné	NOUN
ajeer-259	64	67	,	,	PUNCT
ajeer-259	64	68	2009	2009	NUM
ajeer-259	64	69	)	)	PUNCT
ajeer-259	64	70	.	.	PUNCT
ajeer-259	65	1	the	the	DET
ajeer-259	65	2	variance	variance	NOUN
ajeer-259	65	3	ratio	ratio	NOUN
ajeer-259	65	4	of	of	ADP
ajeer-259	65	5	k	k	ADJ
ajeer-259	65	6	-	-	PUNCT
ajeer-259	65	7	period	period	NOUN
ajeer-259	65	8	return	return	NOUN
ajeer-259	65	9	,	,	PUNCT
ajeer-259	65	10	vr(k	vr(k	PROPN
ajeer-259	65	11	)	)	PUNCT
ajeer-259	65	12	,	,	PUNCT
ajeer-259	65	13	is	be	AUX
ajeer-259	65	14	defined	define	VERB
ajeer-259	65	15	as	as	ADP
ajeer-259	65	16	:	:	PUNCT
ajeer-259	65	17	(	(	PUNCT
ajeer-259	65	18	)	)	PUNCT
ajeer-259	65	19	(	(	PUNCT
ajeer-259	65	20	)	)	PUNCT
ajeer-259	65	21	(	(	PUNCT
ajeer-259	65	22	)	)	PUNCT
ajeer-259	65	23	(	(	PUNCT
ajeer-259	65	24	)	)	PUNCT
ajeer-259	65	25	(	(	PUNCT
ajeer-259	65	26	)	)	PUNCT
ajeer-259	65	27	∑	∑	PUNCT
ajeer-259	65	28	.	.	PUNCT
ajeer-259	66	1	(	(	PUNCT
ajeer-259	66	2	)	)	PUNCT
ajeer-259	66	3	/	/	SYM
ajeer-259	66	4	(	(	PUNCT
ajeer-259	66	5	3	3	X
ajeer-259	66	6	)	)	PUNCT
ajeer-259	66	7	where	where	SCONJ
ajeer-259	66	8	ρi	ρi	PROPN
ajeer-259	66	9	is	be	AUX
ajeer-259	66	10	the	the	DET
ajeer-259	66	11	ith	ith	PROPN
ajeer-259	66	12	lag	lag	NOUN
ajeer-259	66	13	autocorrelation	autocorrelation	NOUN
ajeer-259	66	14	coefficient	coefficient	NOUN
ajeer-259	66	15	of	of	ADP
ajeer-259	66	16	(	(	PUNCT
ajeer-259	66	17	malkiel	malkiel	ADJ
ajeer-259	66	18	and	and	CCONJ
ajeer-259	66	19	fama	fama	NOUN
ajeer-259	66	20	)	)	PUNCT
ajeer-259	66	21	.	.	PUNCT
ajeer-259	67	1	vr(k	vr(k	PUNCT
ajeer-259	67	2	)	)	PUNCT
ajeer-259	67	3	is	be	AUX
ajeer-259	67	4	a	a	DET
ajeer-259	67	5	linear	linear	ADJ
ajeer-259	67	6	association	association	NOUN
ajeer-259	67	7	of	of	ADP
ajeer-259	67	8	the	the	DET
ajeer-259	67	9	first	first	ADJ
ajeer-259	67	10	(	(	PUNCT
ajeer-259	67	11	k−1	k−1	PROPN
ajeer-259	67	12	)	)	PUNCT
ajeer-259	67	13	autocorrelation	autocorrelation	NOUN
ajeer-259	67	14	coefficients	coefficient	NOUN
ajeer-259	67	15	.	.	PUNCT
ajeer-259	68	1	when	when	SCONJ
ajeer-259	68	2	returns	return	NOUN
ajeer-259	68	3	are	be	AUX
ajeer-259	68	4	not	not	PART
ajeer-259	68	5	correlated	correlate	VERB
ajeer-259	68	6	over	over	ADP
ajeer-259	68	7	time	time	NOUN
ajeer-259	68	8	,	,	PUNCT
ajeer-259	68	9	(	(	PUNCT
ajeer-259	68	10	)	)	PUNCT
ajeer-259	68	11	should	should	AUX
ajeer-259	68	12	be	be	AUX
ajeer-259	68	13	kvar(rt	kvar(rt	NOUN
ajeer-259	68	14	)	)	PUNCT
ajeer-259	68	15	,	,	PUNCT
ajeer-259	68	16	i.e.	i.e.	X
ajeer-259	68	17	,	,	PUNCT
ajeer-259	68	18	vr(k	vr(k	PUNCT
ajeer-259	68	19	)	)	PUNCT
ajeer-259	68	20	=	=	SYM
ajeer-259	69	1	1	1	X
ajeer-259	69	2	.	.	PUNCT
ajeer-259	69	3	the	the	DET
ajeer-259	69	4	variance	variance	NOUN
ajeer-259	69	5	ratio	ratio	NOUN
ajeer-259	69	6	test	test	NOUN
ajeer-259	69	7	is	be	AUX
ajeer-259	69	8	a	a	DET
ajeer-259	69	9	test	test	NOUN
ajeer-259	69	10	of	of	ADP
ajeer-259	69	11	h0	h0	NOUN
ajeer-259	69	12	:	:	PUNCT
ajeer-259	69	13	ρ1=···=ρk=0	ρ1=···=ρk=0	ADJ
ajeer-259	69	14	,	,	PUNCT
ajeer-259	69	15	i.e.	i.e.	X
ajeer-259	69	16	,	,	PUNCT
ajeer-259	69	17	returns	return	NOUN
ajeer-259	69	18	are	be	AUX
ajeer-259	69	19	serially	serially	ADV
ajeer-259	69	20	uncorrelated	uncorrelate	VERB
ajeer-259	69	21	.	.	PUNCT
ajeer-259	70	1	consequently	consequently	ADV
ajeer-259	70	2	,	,	PUNCT
ajeer-259	70	3	it	it	PRON
ajeer-259	70	4	tests	test	VERB
ajeer-259	70	5	the	the	DET
ajeer-259	70	6	hypothesis	hypothesis	NOUN
ajeer-259	70	7	that	that	SCONJ
ajeer-259	70	8	the	the	DET
ajeer-259	70	9	return	return	NOUN
ajeer-259	70	10	of	of	ADP
ajeer-259	70	11	a	a	DET
ajeer-259	70	12	time	time	NOUN
ajeer-259	70	13	series	series	NOUN
ajeer-259	70	14	(	(	PUNCT
ajeer-259	70	15	yt	yt	PROPN
ajeer-259	70	16	)	)	PUNCT
ajeer-259	70	17	,	,	PUNCT
ajeer-259	70	18	rt	rt	PROPN
ajeer-259	70	19	=	=	SYM
ajeer-259	70	20	yt−yt−1	yt−yt−1	PROPN
ajeer-259	70	21	,	,	PUNCT
ajeer-259	70	22	follows	follow	VERB
ajeer-259	70	23	a	a	DET
ajeer-259	70	24	random	random	ADJ
ajeer-259	70	25	walk	walk	NOUN
ajeer-259	70	26	.	.	PUNCT
ajeer-259	71	1	two	two	NUM
ajeer-259	71	2	test	test	NOUN
ajeer-259	71	3	statistics	statistic	NOUN
ajeer-259	71	4	for	for	ADP
ajeer-259	71	5	the	the	DET
ajeer-259	71	6	random	random	ADJ
ajeer-259	71	7	walk	walk	NOUN
ajeer-259	71	8	process	process	NOUN
ajeer-259	71	9	are	be	AUX
ajeer-259	71	10	estimated	estimate	VERB
ajeer-259	71	11	according	accord	VERB
ajeer-259	71	12	to	to	ADP
ajeer-259	71	13	the	the	DET
ajeer-259	71	14	assumptions	assumption	NOUN
ajeer-259	71	15	of	of	ADP
ajeer-259	71	16	the	the	DET
ajeer-259	71	17	data	datum	NOUN
ajeer-259	71	18	series	series	NOUN
ajeer-259	71	19	.	.	PUNCT
ajeer-259	72	1	under	under	ADP
ajeer-259	72	2	the	the	DET
ajeer-259	72	3	assumption	assumption	NOUN
ajeer-259	72	4	of	of	ADP
ajeer-259	72	5	homoscedasticity	homoscedasticity	NOUN
ajeer-259	72	6	(	(	PUNCT
ajeer-259	72	7	i.e.	i.e.	X
ajeer-259	72	8	,	,	PUNCT
ajeer-259	72	9	i.i.d	i.i.d	ADJ
ajeer-259	72	10	.	.	PUNCT
ajeer-259	72	11	)	)	PUNCT
ajeer-259	72	12	,	,	PUNCT
ajeer-259	72	13	the	the	DET
ajeer-259	72	14	test	test	NOUN
ajeer-259	72	15	statistic	statistic	NOUN
ajeer-259	72	16	z1(k	z1(k	NOUN
ajeer-259	72	17	)	)	PUNCT
ajeer-259	72	18	for	for	ADP
ajeer-259	72	19	the	the	DET
ajeer-259	72	20	null	null	ADJ
ajeer-259	72	21	hypothesis	hypothesis	NOUN
ajeer-259	72	22	of	of	ADP
ajeer-259	72	23	v(k	v(k	NOUN
ajeer-259	72	24	)	)	PUNCT
ajeer-259	72	25	=	=	SYM
ajeer-259	72	26	1	1	NUM
ajeer-259	72	27	,	,	PUNCT
ajeer-259	72	28	is	be	AUX
ajeer-259	72	29	given	give	VERB
ajeer-259	72	30	by	by	ADP
ajeer-259	72	31	(	(	PUNCT
ajeer-259	72	32	)	)	PUNCT
ajeer-259	72	33	(	(	PUNCT
ajeer-259	72	34	)	)	PUNCT
ajeer-259	72	35	(	(	PUNCT
ajeer-259	72	36	)	)	PUNCT
ajeer-259	72	37	(	(	PUNCT
ajeer-259	72	38	4	4	X
ajeer-259	72	39	)	)	PUNCT
ajeer-259	72	40	where	where	SCONJ
ajeer-259	72	41	φ(k	φ(k	PROPN
ajeer-259	72	42	)	)	PUNCT
ajeer-259	72	43	is	be	AUX
ajeer-259	72	44	asymptotic	asymptotic	ADJ
ajeer-259	72	45	variance	variance	NOUN
ajeer-259	72	46	and	and	CCONJ
ajeer-259	72	47	defined	define	VERB
ajeer-259	72	48	by	by	ADP
ajeer-259	72	49	(	(	PUNCT
ajeer-259	72	50	)	)	PUNCT
ajeer-259	72	51	(	(	PUNCT
ajeer-259	72	52	)	)	PUNCT
ajeer-259	72	53	(	(	PUNCT
ajeer-259	72	54	)	)	PUNCT
ajeer-259	72	55	(	(	PUNCT
ajeer-259	72	56	5	5	NUM
ajeer-259	72	57	)	)	PUNCT
ajeer-259	72	58	under	under	ADP
ajeer-259	72	59	the	the	DET
ajeer-259	72	60	assumption	assumption	NOUN
ajeer-259	72	61	of	of	ADP
ajeer-259	72	62	conditional	conditional	ADJ
ajeer-259	72	63	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	72	64	,	,	PUNCT
ajeer-259	72	65	the	the	DET
ajeer-259	72	66	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	72	67	robust	robust	ADJ
ajeer-259	72	68	test	test	NOUN
ajeer-259	72	69	statistic	statistic	NOUN
ajeer-259	72	70	z2(k	z2(k	NOUN
ajeer-259	72	71	)	)	PUNCT
ajeer-259	72	72	for	for	ADP
ajeer-259	72	73	the	the	DET
ajeer-259	72	74	null	null	ADJ
ajeer-259	72	75	hypothesis	hypothesis	NOUN
ajeer-259	72	76	of	of	ADP
ajeer-259	72	77	v(k	v(k	NOUN
ajeer-259	72	78	)	)	PUNCT
ajeer-259	72	79	=	=	SYM
ajeer-259	73	1	1	1	NUM
ajeer-259	73	2	,	,	PUNCT
ajeer-259	73	3	is	be	AUX
ajeer-259	73	4	given	give	VERB
ajeer-259	73	5	by	by	ADP
ajeer-259	73	6	(	(	PUNCT
ajeer-259	73	7	)	)	PUNCT
ajeer-259	73	8	(	(	PUNCT
ajeer-259	73	9	)	)	PUNCT
ajeer-259	73	10	(	(	PUNCT
ajeer-259	73	11	)	)	PUNCT
ajeer-259	73	12	(	(	PUNCT
ajeer-259	73	13	6	6	NUM
ajeer-259	73	14	)	)	PUNCT
ajeer-259	73	15	where	where	SCONJ
ajeer-259	73	16	(	(	PUNCT
ajeer-259	73	17	)	)	PUNCT
ajeer-259	73	18	∑	∑	ADP
ajeer-259	73	19	0	0	NUM
ajeer-259	73	20	(	(	PUNCT
ajeer-259	73	21	)	)	PUNCT
ajeer-259	73	22	1	1	NUM
ajeer-259	73	23	(	(	PUNCT
ajeer-259	73	24	)	)	PUNCT
ajeer-259	73	25	(	(	PUNCT
ajeer-259	73	26	7	7	NUM
ajeer-259	73	27	)	)	PUNCT
ajeer-259	73	28	(	(	PUNCT
ajeer-259	73	29	)	)	PUNCT
ajeer-259	73	30	{	{	PUNCT
ajeer-259	73	31	∑	∑	PROPN
ajeer-259	73	32	(	(	PUNCT
ajeer-259	73	33	̂	̂	X
ajeer-259	73	34	)	)	PUNCT
ajeer-259	73	35	(	(	PUNCT
ajeer-259	73	36	̂	̂	X
ajeer-259	73	37	)	)	PUNCT
ajeer-259	73	38	}	}	PUNCT
ajeer-259	73	39	*	*	PUNCT
ajeer-259	73	40	,	,	PUNCT
ajeer-259	73	41	∑	∑	INTJ
ajeer-259	73	42	(	(	PUNCT
ajeer-259	73	43	̂	̂	X
ajeer-259	73	44	)	)	PUNCT
ajeer-259	73	45	+	+	CCONJ
ajeer-259	73	46	(	(	PUNCT
ajeer-259	73	47	8)	8)	NUM
ajeer-259	73	48	the	the	DET
ajeer-259	73	49	lo	lo	NOUN
ajeer-259	73	50	-	-	PUNCT
ajeer-259	73	51	mackinlay	mackinlay	NOUN
ajeer-259	73	52	variance	variance	NOUN
ajeer-259	73	53	ratio	ratio	NOUN
ajeer-259	73	54	tests	test	NOUN
ajeer-259	73	55	are	be	AUX
ajeer-259	73	56	designed	design	VERB
ajeer-259	73	57	to	to	PART
ajeer-259	73	58	test	test	VERB
ajeer-259	73	59	the	the	DET
ajeer-259	73	60	null	null	ADJ
ajeer-259	73	61	hypothesis	hypothesis	NOUN
ajeer-259	73	62	for	for	ADP
ajeer-259	73	63	an	an	DET
ajeer-259	73	64	individual	individual	ADJ
ajeer-259	73	65	value	value	NOUN
ajeer-259	73	66	of	of	ADP
ajeer-259	73	67	the	the	DET
ajeer-259	73	68	holding	hold	VERB
ajeer-259	73	69	period	period	NOUN
ajeer-259	73	70	k.	k.	PROPN
ajeer-259	74	1	however	however	ADV
ajeer-259	74	2	,	,	PUNCT
ajeer-259	74	3	since	since	SCONJ
ajeer-259	74	4	the	the	DET
ajeer-259	74	5	null	null	ADJ
ajeer-259	74	6	hypothesis	hypothesis	NOUN
ajeer-259	74	7	needs	need	VERB
ajeer-259	74	8	to	to	PART
ajeer-259	74	9	be	be	AUX
ajeer-259	74	10	tested	test	VERB
ajeer-259	74	11	for	for	ADP
ajeer-259	74	12	all	all	DET
ajeer-259	74	13	holding	hold	VERB
ajeer-259	74	14	periods	period	NOUN
ajeer-259	74	15	of	of	ADP
ajeer-259	74	16	k	k	NOUN
ajeer-259	74	17	,	,	PUNCT
ajeer-259	74	18	the	the	DET
ajeer-259	74	19	tests	test	NOUN
ajeer-259	74	20	should	should	AUX
ajeer-259	74	21	be	be	AUX
ajeer-259	74	22	conducted	conduct	VERB
ajeer-259	74	23	jointly	jointly	ADV
ajeer-259	74	24	over	over	ADP
ajeer-259	74	25	a	a	DET
ajeer-259	74	26	set	set	NOUN
ajeer-259	74	27	of	of	ADP
ajeer-259	74	28	holding	hold	VERB
ajeer-259	74	29	periods	period	NOUN
ajeer-259	74	30	.	.	PUNCT
ajeer-259	75	1	to	to	PART
ajeer-259	75	2	overcome	overcome	VERB
ajeer-259	75	3	the	the	DET
ajeer-259	75	4	weakness	weakness	NOUN
ajeer-259	75	5	of	of	ADP
ajeer-259	75	6	ignoring	ignore	VERB
ajeer-259	75	7	the	the	DET
ajeer-259	75	8	joint	joint	ADJ
ajeer-259	75	9	nature	nature	NOUN
ajeer-259	75	10	of	of	ADP
ajeer-259	75	11	testing	testing	NOUN
ajeer-259	75	12	(	(	PUNCT
ajeer-259	75	13	lo	lo	NOUN
ajeer-259	75	14	and	and	CCONJ
ajeer-259	75	15	mackinlay	mackinlay	NOUN
ajeer-259	75	16	,	,	PUNCT
ajeer-259	75	17	1988	1988	NUM
ajeer-259	75	18	)	)	PUNCT
ajeer-259	75	19	tests	test	NOUN
ajeer-259	75	20	,	,	PUNCT
ajeer-259	75	21	this	this	DET
ajeer-259	75	22	study	study	NOUN
ajeer-259	75	23	employed	employ	VERB
ajeer-259	75	24	the	the	DET
ajeer-259	75	25	multiple	multiple	ADJ
ajeer-259	75	26	variance	variance	NOUN
ajeer-259	75	27	ratio	ratio	NOUN
ajeer-259	75	28	tests	test	NOUN
ajeer-259	75	29	proposed	propose	VERB
ajeer-259	75	30	by	by	ADP
ajeer-259	75	31	both	both	DET
ajeer-259	75	32	chow	chow	PROPN
ajeer-259	75	33	and	and	CCONJ
ajeer-259	75	34	denning	den	VERB
ajeer-259	75	35	(	(	PUNCT
ajeer-259	75	36	1993	1993	NUM
ajeer-259	75	37	)	)	PUNCT
ajeer-259	75	38	and	and	CCONJ
ajeer-259	75	39	richardson	richardson	PROPN
ajeer-259	75	40	and	and	CCONJ
ajeer-259	75	41	smith	smith	PROPN
ajeer-259	75	42	(	(	PUNCT
ajeer-259	75	43	1991	1991	NUM
ajeer-259	75	44	)	)	PUNCT
ajeer-259	75	45	.	.	PUNCT
ajeer-259	76	1	the	the	DET
ajeer-259	76	2	multiple	multiple	ADJ
ajeer-259	76	3	variance	variance	NOUN
ajeer-259	76	4	ratio	ratio	NOUN
ajeer-259	76	5	tests	test	NOUN
ajeer-259	76	6	consider	consider	VERB
ajeer-259	76	7	the	the	DET
ajeer-259	76	8	joint	joint	ADJ
ajeer-259	76	9	null	null	ADJ
ajeer-259	76	10	hypothesis	hypothesis	NOUN
ajeer-259	76	11	h0i	h0i	NOUN
ajeer-259	76	12	:	:	PUNCT
ajeer-259	76	13	vr(ki	vr(ki	ADJ
ajeer-259	76	14	)	)	PUNCT
ajeer-259	76	15	=	=	SYM
ajeer-259	76	16	1	1	NUM
ajeer-259	76	17	for	for	ADP
ajeer-259	76	18	all	all	DET
ajeer-259	76	19	i	i	PRON
ajeer-259	76	20	=	=	NOUN
ajeer-259	76	21	1	1	NUM
ajeer-259	76	22	,	,	PUNCT
ajeer-259	76	23	·	·	PUNCT
ajeer-259	76	24	·	·	PUNCT
ajeer-259	76	25	·	·	SYM
ajeer-259	76	26	,	,	PUNCT
ajeer-259	76	27	m	m	PROPN
ajeer-259	76	28	,	,	PUNCT
ajeer-259	76	29	against	against	ADP
ajeer-259	76	30	the	the	DET
ajeer-259	76	31	alternative	alternative	ADJ
ajeer-259	76	32	h1i	h1i	NOUN
ajeer-259	76	33	:	:	PUNCT
ajeer-259	76	34	vr(ki	vr(ki	ADJ
ajeer-259	76	35	)	)	PUNCT
ajeer-259	76	36	≠	≠	PROPN
ajeer-259	76	37	1	1	NUM
ajeer-259	76	38	for	for	ADP
ajeer-259	76	39	any	any	DET
ajeer-259	76	40	i	i	NOUN
ajeer-259	76	41	=	=	NOUN
ajeer-259	76	42	1	1	NUM
ajeer-259	76	43	,	,	PUNCT
ajeer-259	76	44	·	·	PUNCT
ajeer-259	76	45	·	·	PUNCT
ajeer-259	76	46	·	·	PUNCT
ajeer-259	76	47	,	,	PUNCT
ajeer-259	76	48	m.	m.	NOUN
ajeer-259	76	49	for	for	ADP
ajeer-259	76	50	the	the	DET
ajeer-259	76	51	tests	test	NOUN
ajeer-259	76	52	of	of	ADP
ajeer-259	76	53	the	the	DET
ajeer-259	76	54	joint	joint	ADJ
ajeer-259	76	55	null	null	ADJ
ajeer-259	76	56	hypothesis	hypothesis	NOUN
ajeer-259	76	57	,	,	PUNCT
ajeer-259	76	58	the	the	DET
ajeer-259	76	59	test	test	NOUN
ajeer-259	76	60	statistic	statistic	NOUN
ajeer-259	76	61	developed	develop	VERB
ajeer-259	76	62	by	by	ADP
ajeer-259	76	63	chow	chow	NOUN
ajeer-259	76	64	and	and	CCONJ
ajeer-259	76	65	denning	den	VERB
ajeer-259	76	66	(	(	PUNCT
ajeer-259	76	67	1993	1993	NUM
ajeer-259	76	68	)	)	PUNCT
ajeer-259	76	69	is	be	AUX
ajeer-259	76	70	defined	define	VERB
ajeer-259	76	71	as	as	ADP
ajeer-259	76	72	√	√	NUM
ajeer-259	76	73	|	|	ADV
ajeer-259	76	74	(	(	PUNCT
ajeer-259	76	75	)	)	PUNCT
ajeer-259	76	76	|	|	ADV
ajeer-259	76	77	(	(	PUNCT
ajeer-259	76	78	9	9	NUM
ajeer-259	76	79	)	)	PUNCT
ajeer-259	76	80	where	where	SCONJ
ajeer-259	76	81	z1(ki	z1(ki	NOUN
ajeer-259	76	82	)	)	PUNCT
ajeer-259	76	83	is	be	AUX
ajeer-259	76	84	defined	define	VERB
ajeer-259	76	85	in	in	ADP
ajeer-259	76	86	equation	equation	NOUN
ajeer-259	76	87	(	(	PUNCT
ajeer-259	76	88	4	4	NUM
ajeer-259	76	89	)	)	PUNCT
ajeer-259	76	90	.	.	PUNCT
ajeer-259	77	1	the	the	DET
ajeer-259	77	2	decision	decision	NOUN
ajeer-259	77	3	-	-	PUNCT
ajeer-259	77	4	making	making	NOUN
ajeer-259	77	5	for	for	ADP
ajeer-259	77	6	the	the	DET
ajeer-259	77	7	null	null	ADJ
ajeer-259	77	8	hypothesis	hypothesis	NOUN
ajeer-259	77	9	is	be	AUX
ajeer-259	77	10	based	base	VERB
ajeer-259	77	11	on	on	ADP
ajeer-259	77	12	the	the	DET
ajeer-259	77	13	maximum	maximum	ADJ
ajeer-259	77	14	absolute	absolute	ADJ
ajeer-259	77	15	value	value	NOUN
ajeer-259	77	16	of	of	ADP
ajeer-259	77	17	the	the	DET
ajeer-259	77	18	individual	individual	ADJ
ajeer-259	77	19	variance	variance	NOUN
ajeer-259	77	20	ratio	ratio	NOUN
ajeer-259	77	21	statistics	statistic	NOUN
ajeer-259	77	22	.	.	PUNCT
ajeer-259	78	1	the	the	DET
ajeer-259	78	2	studentised	studentise	VERB
ajeer-259	78	3	maximum	maximum	ADJ
ajeer-259	78	4	modulus	modulus	ADJ
ajeer-259	78	5	(	(	PUNCT
ajeer-259	78	6	smm	smm	NOUN
ajeer-259	78	7	)	)	PUNCT
ajeer-259	78	8	distribution	distribution	NOUN
ajeer-259	78	9	with	with	ADP
ajeer-259	78	10	m	m	PROPN
ajeer-259	78	11	parameters	parameter	NOUN
ajeer-259	78	12	and	and	CCONJ
ajeer-259	78	13	t	t	NOUN
ajeer-259	78	14	degrees	degree	NOUN
ajeer-259	78	15	of	of	ADP
ajeer-259	78	16	freedom	freedom	NOUN
ajeer-259	78	17	at	at	ADP
ajeer-259	78	18	α	α	PROPN
ajeer-259	78	19	significance	significance	NOUN
ajeer-259	78	20	level	level	NOUN
ajeer-259	78	21	,	,	PUNCT
ajeer-259	78	22	i.e.	i.e.	X
ajeer-259	78	23	,	,	PUNCT
ajeer-259	78	24	smm(α	smm(α	PROPN
ajeer-259	78	25	,	,	PUNCT
ajeer-259	78	26	m	m	PROPN
ajeer-259	78	27	,	,	PUNCT
ajeer-259	78	28	t	t	PROPN
ajeer-259	78	29	)	)	PUNCT
ajeer-259	78	30	,	,	PUNCT
ajeer-259	78	31	are	be	AUX
ajeer-259	78	32	applied	apply	VERB
ajeer-259	78	33	in	in	ADP
ajeer-259	78	34	the	the	DET
ajeer-259	78	35	tests	test	NOUN
ajeer-259	78	36	.	.	PUNCT
ajeer-259	79	1	similarly	similarly	ADV
ajeer-259	79	2	,	,	PUNCT
ajeer-259	79	3	the	the	DET
ajeer-259	79	4	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	79	5	robust	robust	ADJ
ajeer-259	79	6	statistic	statistic	NOUN
ajeer-259	79	7	m2	m2	PROPN
ajeer-259	79	8	is	be	AUX
ajeer-259	79	9	given	give	VERB
ajeer-259	79	10	as	as	ADP
ajeer-259	79	11	√	√	NUM
ajeer-259	79	12	|	|	ADV
ajeer-259	79	13	(	(	PUNCT
ajeer-259	79	14	)	)	PUNCT
ajeer-259	79	15	|	|	CCONJ
ajeer-259	79	16	(	(	PUNCT
ajeer-259	79	17	10	10	NUM
ajeer-259	79	18	)	)	PUNCT
ajeer-259	79	19	where	where	SCONJ
ajeer-259	79	20	z2(ki	z2(ki	NOUN
ajeer-259	79	21	)	)	PUNCT
ajeer-259	79	22	is	be	AUX
ajeer-259	79	23	defined	define	VERB
ajeer-259	79	24	in	in	ADP
ajeer-259	79	25	equation	equation	NOUN
ajeer-259	79	26	(	(	PUNCT
ajeer-259	79	27	6	6	NUM
ajeer-259	79	28	)	)	PUNCT
ajeer-259	79	29	.	.	PUNCT
ajeer-259	80	1	the	the	DET
ajeer-259	80	2	random	random	ADJ
ajeer-259	80	3	walk	walk	NOUN
ajeer-259	80	4	hypothesis	hypothesis	NOUN
ajeer-259	80	5	is	be	AUX
ajeer-259	80	6	rejected	reject	VERB
ajeer-259	80	7	if	if	SCONJ
ajeer-259	80	8	the	the	DET
ajeer-259	80	9	maximum	maximum	ADJ
ajeer-259	80	10	absolute	absolute	ADJ
ajeer-259	80	11	value	value	NOUN
ajeer-259	80	12	,	,	PUNCT
ajeer-259	80	13	m1	m1	PROPN
ajeer-259	80	14	or	or	CCONJ
ajeer-259	80	15	m2	m2	PROPN
ajeer-259	80	16	,	,	PUNCT
ajeer-259	80	17	is	be	AUX
ajeer-259	80	18	greater	great	ADJ
ajeer-259	80	19	than	than	ADP
ajeer-259	80	20	the	the	DET
ajeer-259	80	21	critical	critical	ADJ
ajeer-259	80	22	value	value	NOUN
ajeer-259	80	23	of	of	ADP
ajeer-259	80	24	smm	smm	NOUN
ajeer-259	80	25	at	at	ADP
ajeer-259	80	26	a	a	DET
ajeer-259	80	27	chosen	choose	VERB
ajeer-259	80	28	level	level	NOUN
ajeer-259	80	29	of	of	ADP
ajeer-259	80	30	significance	significance	NOUN
ajeer-259	80	31	.	.	PUNCT
ajeer-259	81	1	alternatively	alternatively	ADV
ajeer-259	81	2	,	,	PUNCT
ajeer-259	81	3	we	we	PRON
ajeer-259	81	4	used	use	VERB
ajeer-259	81	5	another	another	DET
ajeer-259	81	6	joint	joint	ADJ
ajeer-259	81	7	test	test	NOUN
ajeer-259	81	8	developed	develop	VERB
ajeer-259	81	9	by	by	ADP
ajeer-259	81	10	richardson	richardson	PROPN
ajeer-259	81	11	and	and	CCONJ
ajeer-259	81	12	smith	smith	PROPN
ajeer-259	81	13	(	(	PUNCT
ajeer-259	81	14	1991	1991	NUM
ajeer-259	81	15	)	)	PUNCT
ajeer-259	81	16	which	which	PRON
ajeer-259	81	17	uses	use	VERB
ajeer-259	81	18	the	the	DET
ajeer-259	81	19	wald	wald	NOUN
ajeer-259	81	20	statistic	statistic	NOUN
ajeer-259	81	21	defined	define	VERB
ajeer-259	81	22	in	in	ADP
ajeer-259	81	23	equation	equation	NOUN
ajeer-259	81	24	(	(	PUNCT
ajeer-259	81	25	11	11	NUM
ajeer-259	81	26	)	)	PUNCT
ajeer-259	81	27	.	.	PUNCT
ajeer-259	82	1	(	(	PUNCT
ajeer-259	82	2	)	)	PUNCT
ajeer-259	82	3	(	(	PUNCT
ajeer-259	82	4	)	)	PUNCT
ajeer-259	82	5	(	(	PUNCT
ajeer-259	82	6	)	)	PUNCT
ajeer-259	82	7	(	(	PUNCT
ajeer-259	82	8	11	11	NUM
ajeer-259	82	9	)	)	PUNCT
ajeer-259	82	10	where	where	SCONJ
ajeer-259	82	11	r	r	NOUN
ajeer-259	82	12	is	be	AUX
ajeer-259	82	13	the	the	DET
ajeer-259	82	14	(	(	PUNCT
ajeer-259	82	15	k+1	k+1	NOUN
ajeer-259	82	16	)	)	PUNCT
ajeer-259	82	17	vector	vector	NOUN
ajeer-259	82	18	of	of	ADP
ajeer-259	82	19	sample	sample	NOUN
ajeer-259	82	20	k	k	PROPN
ajeer-259	82	21	variance	variance	NOUN
ajeer-259	82	22	ratios	ratio	NOUN
ajeer-259	82	23	,	,	PUNCT
ajeer-259	82	24	1k	1k	NUM
ajeer-259	82	25	is	be	AUX
ajeer-259	82	26	the	the	DET
ajeer-259	82	27	(	(	PUNCT
ajeer-259	82	28	k×1	k×1	NOUN
ajeer-259	82	29	)	)	PUNCT
ajeer-259	82	30	unit	unit	NOUN
ajeer-259	82	31	vector	vector	NOUN
ajeer-259	82	32	,	,	PUNCT
ajeer-259	82	33	and	and	CCONJ
ajeer-259	82	34	φ	φ	PROPN
ajeer-259	82	35	is	be	AUX
ajeer-259	82	36	the	the	DET
ajeer-259	82	37	covariance	covariance	NOUN
ajeer-259	82	38	matrix	matrix	NOUN
ajeer-259	82	39	of	of	ADP
ajeer-259	82	40	r.	r.	PROPN
ajeer-259	82	41	the	the	DET
ajeer-259	82	42	rs(k	rs(k	NOUN
ajeer-259	82	43	)	)	PUNCT
ajeer-259	82	44	statistic	statistic	NOUN
ajeer-259	82	45	is	be	AUX
ajeer-259	82	46	based	base	VERB
ajeer-259	82	47	on	on	ADP
ajeer-259	82	48	the	the	DET
ajeer-259	82	49	chi	chi	NOUN
ajeer-259	82	50	-	-	PUNCT
ajeer-259	82	51	squared	square	VERB
ajeer-259	82	52	distribution	distribution	NOUN
ajeer-259	82	53	with	with	ADP
ajeer-259	82	54	k	k	PROPN
ajeer-259	82	55	degrees	degree	NOUN
ajeer-259	82	56	of	of	ADP
ajeer-259	82	57	freedom	freedom	NOUN
ajeer-259	82	58	.	.	PUNCT
ajeer-259	83	1	4	4	NUM
ajeer-259	83	2	variance	variance	NOUN
ajeer-259	83	3	ratio	ratio	NOUN
ajeer-259	83	4	,	,	PUNCT
ajeer-259	83	5	individual	individual	NOUN
ajeer-259	83	6	and	and	CCONJ
ajeer-259	83	7	multiple	multiple	ADJ
ajeer-259	83	8	,	,	PUNCT
ajeer-259	83	9	tests	test	NOUN
ajeer-259	83	10	are	be	AUX
ajeer-259	83	11	well	well	ADV
ajeer-259	83	12	documented	document	VERB
ajeer-259	83	13	in	in	ADP
ajeer-259	83	14	amélie	amélie	PROPN
ajeer-259	83	15	and	and	CCONJ
ajeer-259	83	16	darné	darné	ADJ
ajeer-259	83	17	(	(	PUNCT
ajeer-259	83	18	2009	2009	NUM
ajeer-259	83	19	)	)	PUNCT
ajeer-259	83	20	.	.	PUNCT
ajeer-259	84	1	asian	asian	ADJ
ajeer-259	84	2	journal	journal	PROPN
ajeer-259	84	3	of	of	ADP
ajeer-259	84	4	economics	economic	NOUN
ajeer-259	84	5	and	and	CCONJ
ajeer-259	84	6	empirical	empirical	ADJ
ajeer-259	84	7	research	research	NOUN
ajeer-259	84	8	,	,	PUNCT
ajeer-259	84	9	2018	2018	NUM
ajeer-259	84	10	,	,	PUNCT
ajeer-259	84	11	5(2	5(2	NUM
ajeer-259	84	12	):	):	PUNCT
ajeer-259	84	13	191	191	NUM
ajeer-259	84	14	-	-	SYM
ajeer-259	84	15	200	200	NUM
ajeer-259	84	16	194	194	NUM
ajeer-259	84	17	this	this	DET
ajeer-259	84	18	test	test	NOUN
ajeer-259	84	19	is	be	AUX
ajeer-259	84	20	argued	argue	VERB
ajeer-259	84	21	to	to	PART
ajeer-259	84	22	be	be	AUX
ajeer-259	84	23	more	more	ADV
ajeer-259	84	24	powerful	powerful	ADJ
ajeer-259	84	25	than	than	ADP
ajeer-259	84	26	multiple	multiple	ADJ
ajeer-259	84	27	variance	variance	NOUN
ajeer-259	84	28	ratio	ratio	NOUN
ajeer-259	84	29	tests	test	NOUN
ajeer-259	84	30	of	of	ADP
ajeer-259	84	31	chow	chow	NOUN
ajeer-259	84	32	and	and	CCONJ
ajeer-259	84	33	denning	den	VERB
ajeer-259	84	34	(	(	PUNCT
ajeer-259	84	35	1993	1993	NUM
ajeer-259	84	36	)	)	PUNCT
ajeer-259	84	37	;	;	PUNCT
ajeer-259	84	38	fong	fong	PROPN
ajeer-259	84	39	et	et	PROPN
ajeer-259	84	40	al	al	PROPN
ajeer-259	84	41	.	.	PROPN
ajeer-259	85	1	(	(	PUNCT
ajeer-259	85	2	1997	1997	NUM
ajeer-259	85	3	)	)	PUNCT
ajeer-259	85	4	.	.	PUNCT
ajeer-259	86	1	however	however	ADV
ajeer-259	86	2	,	,	PUNCT
ajeer-259	86	3	this	this	DET
ajeer-259	86	4	test	test	NOUN
ajeer-259	86	5	is	be	AUX
ajeer-259	86	6	useful	useful	ADJ
ajeer-259	86	7	only	only	ADV
ajeer-259	86	8	in	in	ADP
ajeer-259	86	9	the	the	DET
ajeer-259	86	10	homoscedastic	homoscedastic	ADJ
ajeer-259	86	11	tests	test	NOUN
ajeer-259	86	12	(	(	PUNCT
ajeer-259	86	13	amélie	amélie	NOUN
ajeer-259	86	14	and	and	CCONJ
ajeer-259	86	15	darné	darné	NOUN
ajeer-259	86	16	,	,	PUNCT
ajeer-259	86	17	2009	2009	NUM
ajeer-259	86	18	)	)	PUNCT
ajeer-259	86	19	.	.	PUNCT
ajeer-259	87	1	hence	hence	ADV
ajeer-259	87	2	richardson	richardson	PROPN
ajeer-259	87	3	-	-	PUNCT
ajeer-259	87	4	smith	smith	PROPN
ajeer-259	87	5	tests	test	NOUN
ajeer-259	87	6	were	be	AUX
ajeer-259	87	7	only	only	ADV
ajeer-259	87	8	applied	apply	VERB
ajeer-259	87	9	under	under	ADP
ajeer-259	87	10	no	no	DET
ajeer-259	87	11	heteroscedastic	heteroscedastic	ADJ
ajeer-259	87	12	assumption	assumption	NOUN
ajeer-259	87	13	in	in	ADP
ajeer-259	87	14	this	this	DET
ajeer-259	87	15	study	study	NOUN
ajeer-259	87	16	.	.	PUNCT
ajeer-259	88	1	3	3	X
ajeer-259	88	2	.	.	X
ajeer-259	88	3	data	datum	NOUN
ajeer-259	88	4	analysis	analysis	NOUN
ajeer-259	88	5	for	for	ADP
ajeer-259	88	6	the	the	DET
ajeer-259	88	7	analysis	analysis	NOUN
ajeer-259	88	8	on	on	ADP
ajeer-259	88	9	the	the	DET
ajeer-259	88	10	efficiency	efficiency	NOUN
ajeer-259	88	11	of	of	ADP
ajeer-259	88	12	korea	korea	PROPN
ajeer-259	88	13	’s	’s	PART
ajeer-259	88	14	stock	stock	NOUN
ajeer-259	88	15	market	market	NOUN
ajeer-259	88	16	,	,	PUNCT
ajeer-259	88	17	this	this	DET
ajeer-259	88	18	study	study	NOUN
ajeer-259	88	19	used	use	VERB
ajeer-259	88	20	daily	daily	ADJ
ajeer-259	88	21	closing	closing	NOUN
ajeer-259	88	22	prices	price	NOUN
ajeer-259	88	23	of	of	ADP
ajeer-259	88	24	60	60	NUM
ajeer-259	88	25	stocks	stock	NOUN
ajeer-259	88	26	listed	list	VERB
ajeer-259	88	27	in	in	ADP
ajeer-259	88	28	the	the	DET
ajeer-259	88	29	korea	korea	PROPN
ajeer-259	88	30	exchange	exchange	PROPN
ajeer-259	88	31	as	as	ADV
ajeer-259	88	32	well	well	ADV
ajeer-259	88	33	as	as	ADP
ajeer-259	88	34	the	the	DET
ajeer-259	88	35	market	market	NOUN
ajeer-259	88	36	index	index	NOUN
ajeer-259	88	37	,	,	PUNCT
ajeer-259	88	38	kospi	kospi	NOUN
ajeer-259	88	39	.	.	PUNCT
ajeer-259	89	1	the	the	DET
ajeer-259	89	2	sample	sample	NOUN
ajeer-259	89	3	period	period	NOUN
ajeer-259	89	4	runs	run	VERB
ajeer-259	89	5	from	from	ADP
ajeer-259	89	6	january	january	PROPN
ajeer-259	89	7	2012	2012	NUM
ajeer-259	89	8	to	to	ADP
ajeer-259	89	9	november	november	PROPN
ajeer-259	89	10	30	30	NUM
ajeer-259	89	11	,	,	PUNCT
ajeer-259	89	12	2017	2017	NUM
ajeer-259	89	13	,	,	PUNCT
ajeer-259	89	14	corresponding	correspond	VERB
ajeer-259	89	15	to	to	ADP
ajeer-259	89	16	1,459	1,459	NUM
ajeer-259	89	17	observations	observation	NOUN
ajeer-259	89	18	and	and	CCONJ
ajeer-259	89	19	the	the	DET
ajeer-259	89	20	data	datum	NOUN
ajeer-259	89	21	were	be	AUX
ajeer-259	89	22	obtained	obtain	VERB
ajeer-259	89	23	from	from	ADP
ajeer-259	89	24	yahoo	yahoo	PROPN
ajeer-259	89	25	finance	finance	NOUN
ajeer-259	89	26	database	database	NOUN
ajeer-259	89	27	.	.	PUNCT
ajeer-259	90	1	the	the	DET
ajeer-259	90	2	period	period	NOUN
ajeer-259	90	3	is	be	AUX
ajeer-259	90	4	divided	divide	VERB
ajeer-259	90	5	into	into	ADP
ajeer-259	90	6	two	two	NUM
ajeer-259	90	7	sub	sub	NOUN
ajeer-259	90	8	-	-	NOUN
ajeer-259	90	9	periods	period	NOUN
ajeer-259	90	10	i.e.	i.e.	X
ajeer-259	90	11	,	,	PUNCT
ajeer-259	90	12	the	the	DET
ajeer-259	90	13	period	period	NOUN
ajeer-259	90	14	for	for	ADP
ajeer-259	90	15	january	january	PROPN
ajeer-259	90	16	2	2	NUM
ajeer-259	90	17	,	,	PUNCT
ajeer-259	90	18	2012	2012	NUM
ajeer-259	90	19	to	to	ADP
ajeer-259	90	20	june	june	PROPN
ajeer-259	90	21	14	14	NUM
ajeer-259	90	22	,	,	PUNCT
ajeer-259	90	23	2015	2015	NUM
ajeer-259	90	24	under	under	ADP
ajeer-259	90	25	daily	daily	ADJ
ajeer-259	90	26	price	price	NOUN
ajeer-259	90	27	limits	limit	NOUN
ajeer-259	90	28	regime	regime	NOUN
ajeer-259	90	29	of	of	ADP
ajeer-259	90	30	15	15	NUM
ajeer-259	90	31	%	%	NOUN
ajeer-259	90	32	and	and	CCONJ
ajeer-259	90	33	the	the	DET
ajeer-259	90	34	period	period	NOUN
ajeer-259	90	35	for	for	ADP
ajeer-259	90	36	june	june	PROPN
ajeer-259	90	37	15	15	NUM
ajeer-259	90	38	,	,	PUNCT
ajeer-259	90	39	2015	2015	NUM
ajeer-259	90	40	to	to	ADP
ajeer-259	90	41	november	november	PROPN
ajeer-259	90	42	30	30	NUM
ajeer-259	90	43	,	,	PUNCT
ajeer-259	90	44	2017	2017	NUM
ajeer-259	90	45	under	under	ADP
ajeer-259	90	46	the	the	DET
ajeer-259	90	47	30	30	NUM
ajeer-259	90	48	%	%	NOUN
ajeer-259	90	49	daily	daily	ADJ
ajeer-259	90	50	price	price	NOUN
ajeer-259	90	51	limits	limit	NOUN
ajeer-259	90	52	regime	regime	NOUN
ajeer-259	90	53	with	with	ADP
ajeer-259	90	54	850	850	NUM
ajeer-259	90	55	and	and	CCONJ
ajeer-259	90	56	609	609	NUM
ajeer-259	90	57	observations	observation	NOUN
ajeer-259	90	58	,	,	PUNCT
ajeer-259	90	59	respectively	respectively	ADV
ajeer-259	90	60	.	.	PUNCT
ajeer-259	91	1	as	as	ADP
ajeer-259	91	2	of	of	ADP
ajeer-259	91	3	november	november	PROPN
ajeer-259	91	4	30	30	NUM
ajeer-259	91	5	,	,	PUNCT
ajeer-259	91	6	2017	2017	NUM
ajeer-259	91	7	,	,	PUNCT
ajeer-259	91	8	the	the	DET
ajeer-259	91	9	number	number	NOUN
ajeer-259	91	10	of	of	ADP
ajeer-259	91	11	companies	company	NOUN
ajeer-259	91	12	listed	list	VERB
ajeer-259	91	13	in	in	ADP
ajeer-259	91	14	kospi	kospi	NOUN
ajeer-259	91	15	market	market	NOUN
ajeer-259	91	16	is	be	AUX
ajeer-259	91	17	770	770	NUM
ajeer-259	91	18	with	with	ADP
ajeer-259	91	19	total	total	ADJ
ajeer-259	91	20	number	number	NOUN
ajeer-259	91	21	of	of	ADP
ajeer-259	91	22	listed	list	VERB
ajeer-259	91	23	stocks	stock	NOUN
ajeer-259	91	24	being	be	AUX
ajeer-259	91	25	883	883	NUM
ajeer-259	91	26	and	and	CCONJ
ajeer-259	91	27	its	its	PRON
ajeer-259	91	28	market	market	NOUN
ajeer-259	91	29	capitalisation	capitalisation	NOUN
ajeer-259	91	30	amounts	amount	VERB
ajeer-259	91	31	to	to	ADP
ajeer-259	91	32	1,607	1,607	NUM
ajeer-259	91	33	trillion	trillion	NUM
ajeer-259	91	34	won	won	NOUN
ajeer-259	91	35	,	,	PUNCT
ajeer-259	91	36	equivalent	equivalent	ADJ
ajeer-259	91	37	of	of	ADP
ajeer-259	91	38	1,477	1,477	NUM
ajeer-259	91	39	billion	billion	NUM
ajeer-259	91	40	dollars	dollar	NOUN
ajeer-259	91	41	.	.	PUNCT
ajeer-259	92	1	korea	korea	PROPN
ajeer-259	92	2	’s	’s	PART
ajeer-259	92	3	stock	stock	NOUN
ajeer-259	92	4	market	market	NOUN
ajeer-259	92	5	is	be	AUX
ajeer-259	92	6	composed	compose	VERB
ajeer-259	92	7	of	of	ADP
ajeer-259	92	8	a	a	DET
ajeer-259	92	9	number	number	NOUN
ajeer-259	92	10	of	of	ADP
ajeer-259	92	11	key	key	ADJ
ajeer-259	92	12	industries	industry	NOUN
ajeer-259	92	13	as	as	SCONJ
ajeer-259	92	14	shown	show	VERB
ajeer-259	92	15	in	in	ADP
ajeer-259	92	16	table	table	NOUN
ajeer-259	92	17	1	1	NUM
ajeer-259	92	18	.	.	PUNCT
ajeer-259	92	19	special	special	ADJ
ajeer-259	92	20	care	care	NOUN
ajeer-259	92	21	is	be	AUX
ajeer-259	92	22	taken	take	VERB
ajeer-259	92	23	to	to	PART
ajeer-259	92	24	select	select	VERB
ajeer-259	92	25	the	the	DET
ajeer-259	92	26	samples	sample	NOUN
ajeer-259	92	27	that	that	PRON
ajeer-259	92	28	are	be	AUX
ajeer-259	92	29	actively	actively	ADV
ajeer-259	92	30	traded	trade	VERB
ajeer-259	92	31	so	so	SCONJ
ajeer-259	92	32	as	as	SCONJ
ajeer-259	92	33	to	to	PART
ajeer-259	92	34	represent	represent	VERB
ajeer-259	92	35	the	the	DET
ajeer-259	92	36	industries	industry	NOUN
ajeer-259	92	37	well	well	ADV
ajeer-259	92	38	,	,	PUNCT
ajeer-259	92	39	considering	consider	VERB
ajeer-259	92	40	the	the	DET
ajeer-259	92	41	number	number	NOUN
ajeer-259	92	42	of	of	ADP
ajeer-259	92	43	stocks	stock	NOUN
ajeer-259	92	44	belonging	belong	VERB
ajeer-259	92	45	to	to	ADP
ajeer-259	92	46	the	the	DET
ajeer-259	92	47	industry	industry	NOUN
ajeer-259	92	48	and	and	CCONJ
ajeer-259	92	49	their	their	PRON
ajeer-259	92	50	market	market	NOUN
ajeer-259	92	51	capitalisation	capitalisation	NOUN
ajeer-259	92	52	with	with	ADP
ajeer-259	92	53	respect	respect	NOUN
ajeer-259	92	54	to	to	PART
ajeer-259	92	55	aggregate	aggregate	VERB
ajeer-259	92	56	market	market	NOUN
ajeer-259	92	57	capitalisation	capitalisation	NOUN
ajeer-259	92	58	.	.	PUNCT
ajeer-259	93	1	accordingly	accordingly	ADV
ajeer-259	93	2	,	,	PUNCT
ajeer-259	93	3	six	six	NUM
ajeer-259	93	4	stocks	stock	NOUN
ajeer-259	93	5	come	come	VERB
ajeer-259	93	6	from	from	ADP
ajeer-259	93	7	finance	finance	NOUN
ajeer-259	93	8	industry	industry	NOUN
ajeer-259	93	9	,	,	PUNCT
ajeer-259	93	10	five	five	NUM
ajeer-259	93	11	stocks	stock	NOUN
ajeer-259	93	12	are	be	AUX
ajeer-259	93	13	chosen	choose	VERB
ajeer-259	93	14	from	from	ADP
ajeer-259	93	15	each	each	PRON
ajeer-259	93	16	of	of	ADP
ajeer-259	93	17	industries	industry	NOUN
ajeer-259	93	18	such	such	ADJ
ajeer-259	93	19	as	as	ADP
ajeer-259	93	20	chemicals	chemical	NOUN
ajeer-259	93	21	,	,	PUNCT
ajeer-259	93	22	services	service	NOUN
ajeer-259	93	23	,	,	PUNCT
ajeer-259	93	24	distribution	distribution	NOUN
ajeer-259	93	25	,	,	PUNCT
ajeer-259	93	26	electrical	electrical	ADJ
ajeer-259	93	27	&	&	CCONJ
ajeer-259	93	28	electronic	electronic	ADJ
ajeer-259	93	29	equipment	equipment	NOUN
ajeer-259	93	30	and	and	CCONJ
ajeer-259	93	31	transport	transport	NOUN
ajeer-259	93	32	equipment	equipment	NOUN
ajeer-259	93	33	.	.	PUNCT
ajeer-259	94	1	in	in	ADP
ajeer-259	94	2	the	the	DET
ajeer-259	94	3	industry	industry	NOUN
ajeer-259	94	4	of	of	ADP
ajeer-259	94	5	iron	iron	NOUN
ajeer-259	94	6	&	&	CCONJ
ajeer-259	94	7	metal	metal	NOUN
ajeer-259	94	8	products	product	NOUN
ajeer-259	94	9	,	,	PUNCT
ajeer-259	94	10	medical	medical	ADJ
ajeer-259	94	11	supplies	supply	NOUN
ajeer-259	94	12	,	,	PUNCT
ajeer-259	94	13	machinery	machinery	NOUN
ajeer-259	94	14	,	,	PUNCT
ajeer-259	94	15	food	food	NOUN
ajeer-259	94	16	&	&	CCONJ
ajeer-259	94	17	beverages	beverage	NOUN
ajeer-259	94	18	and	and	CCONJ
ajeer-259	94	19	construction	construction	NOUN
ajeer-259	94	20	,	,	PUNCT
ajeer-259	94	21	four	four	NUM
ajeer-259	94	22	stocks	stock	NOUN
ajeer-259	94	23	are	be	AUX
ajeer-259	94	24	sampled	sample	VERB
ajeer-259	94	25	from	from	ADP
ajeer-259	94	26	each	each	DET
ajeer-259	94	27	industry	industry	NOUN
ajeer-259	94	28	and	and	CCONJ
ajeer-259	94	29	two	two	NUM
ajeer-259	94	30	stocks	stock	NOUN
ajeer-259	94	31	are	be	AUX
ajeer-259	94	32	selected	select	VERB
ajeer-259	94	33	from	from	ADP
ajeer-259	94	34	each	each	PRON
ajeer-259	94	35	of	of	ADP
ajeer-259	94	36	electricity	electricity	NOUN
ajeer-259	94	37	&	&	CCONJ
ajeer-259	94	38	gas	gas	NOUN
ajeer-259	94	39	,	,	PUNCT
ajeer-259	94	40	communication	communication	NOUN
ajeer-259	94	41	and	and	CCONJ
ajeer-259	94	42	transport	transport	NOUN
ajeer-259	94	43	&	&	CCONJ
ajeer-259	94	44	storage	storage	NOUN
ajeer-259	94	45	.	.	PUNCT
ajeer-259	95	1	three	three	NUM
ajeer-259	95	2	stocks	stock	NOUN
ajeer-259	95	3	are	be	AUX
ajeer-259	95	4	chosen	choose	VERB
ajeer-259	95	5	from	from	ADP
ajeer-259	95	6	textile	textile	NOUN
ajeer-259	95	7	&	&	CCONJ
ajeer-259	95	8	wearing	wear	VERB
ajeer-259	95	9	apparel	apparel	NOUN
ajeer-259	95	10	,	,	PUNCT
ajeer-259	95	11	non	non	ADJ
ajeer-259	95	12	-	-	ADJ
ajeer-259	95	13	metallic	metallic	ADJ
ajeer-259	95	14	mineral	mineral	NOUN
ajeer-259	95	15	products	product	NOUN
ajeer-259	95	16	and	and	CCONJ
ajeer-259	95	17	other	other	ADJ
ajeer-259	95	18	manufacture	manufacture	NOUN
ajeer-259	95	19	.	.	PUNCT
ajeer-259	96	1	table	table	NOUN
ajeer-259	96	2	2	2	NUM
ajeer-259	96	3	reports	report	NOUN
ajeer-259	96	4	sample	sample	NOUN
ajeer-259	96	5	stocks	stock	NOUN
ajeer-259	96	6	classified	classify	VERB
ajeer-259	96	7	by	by	ADP
ajeer-259	96	8	industry	industry	NOUN
ajeer-259	96	9	,	,	PUNCT
ajeer-259	96	10	each	each	DET
ajeer-259	96	11	sample	sample	NOUN
ajeer-259	96	12	’s	’s	PART
ajeer-259	96	13	market	market	NOUN
ajeer-259	96	14	capitalisation	capitalisation	NOUN
ajeer-259	96	15	and	and	CCONJ
ajeer-259	96	16	the	the	DET
ajeer-259	96	17	number	number	NOUN
ajeer-259	96	18	of	of	ADP
ajeer-259	96	19	listed	list	VERB
ajeer-259	96	20	shares	share	NOUN
ajeer-259	96	21	with	with	ADP
ajeer-259	96	22	its	its	PRON
ajeer-259	96	23	percentage	percentage	NOUN
ajeer-259	96	24	vis	vis	X
ajeer-259	96	25	-	-	ADJ
ajeer-259	96	26	à	à	X
ajeer-259	96	27	-	-	PUNCT
ajeer-259	96	28	vis	vis	X
ajeer-259	96	29	those	those	PRON
ajeer-259	96	30	of	of	ADP
ajeer-259	96	31	aggregate	aggregate	ADJ
ajeer-259	96	32	market	market	NOUN
ajeer-259	96	33	and	and	CCONJ
ajeer-259	96	34	ratio	ratio	NOUN
ajeer-259	96	35	held	hold	VERB
ajeer-259	96	36	by	by	ADP
ajeer-259	96	37	foreign	foreign	ADJ
ajeer-259	96	38	investors	investor	NOUN
ajeer-259	96	39	.	.	PUNCT
ajeer-259	97	1	a	a	DET
ajeer-259	97	2	sample	sample	NOUN
ajeer-259	97	3	of	of	ADP
ajeer-259	97	4	60	60	NUM
ajeer-259	97	5	stocks	stock	NOUN
ajeer-259	97	6	constitutes	constitute	VERB
ajeer-259	97	7	56	56	NUM
ajeer-259	97	8	per	per	NOUN
ajeer-259	97	9	cent	cent	NOUN
ajeer-259	97	10	of	of	ADP
ajeer-259	97	11	total	total	ADJ
ajeer-259	97	12	market	market	NOUN
ajeer-259	97	13	capitalisation	capitalisation	NOUN
ajeer-259	97	14	and	and	CCONJ
ajeer-259	97	15	25	25	NUM
ajeer-259	97	16	per	per	ADP
ajeer-259	97	17	cent	cent	NOUN
ajeer-259	97	18	of	of	ADP
ajeer-259	97	19	total	total	ADJ
ajeer-259	97	20	number	number	NOUN
ajeer-259	97	21	of	of	ADP
ajeer-259	97	22	shares	share	NOUN
ajeer-259	97	23	listed	list	VERB
ajeer-259	97	24	in	in	ADP
ajeer-259	97	25	korea	korea	PROPN
ajeer-259	97	26	’s	’s	PART
ajeer-259	97	27	stock	stock	NOUN
ajeer-259	97	28	market	market	NOUN
ajeer-259	97	29	.	.	PUNCT
ajeer-259	98	1	table-1	table-1	NUM
ajeer-259	98	2	.	.	PUNCT
ajeer-259	99	1	overview	overview	NOUN
ajeer-259	99	2	of	of	ADP
ajeer-259	99	3	listed	list	VERB
ajeer-259	99	4	companies	company	NOUN
ajeer-259	99	5	by	by	ADP
ajeer-259	99	6	industry	industry	NOUN
ajeer-259	99	7	(	(	PUNCT
ajeer-259	99	8	as	as	ADP
ajeer-259	99	9	of	of	ADP
ajeer-259	99	10	nov	nov	PROPN
ajeer-259	99	11	2017	2017	NUM
ajeer-259	99	12	)	)	PUNCT
ajeer-259	99	13	industrial	industrial	ADJ
ajeer-259	99	14	classification	classification	NOUN
ajeer-259	99	15	no	no	PRON
ajeer-259	99	16	of	of	ADP
ajeer-259	99	17	listed	list	VERB
ajeer-259	99	18	companies	company	NOUN
ajeer-259	99	19	no	no	ADV
ajeer-259	99	20	of	of	ADP
ajeer-259	99	21	listed	list	VERB
ajeer-259	99	22	shares	share	NOUN
ajeer-259	99	23	(	(	PUNCT
ajeer-259	99	24	thousand	thousand	NUM
ajeer-259	99	25	)	)	PUNCT
ajeer-259	99	26	capital	capital	NOUN
ajeer-259	99	27	stock	stock	NOUN
ajeer-259	99	28	listed	list	VERB
ajeer-259	99	29	(	(	PUNCT
ajeer-259	99	30	mil	mil	NOUN
ajeer-259	99	31	won	win	VERB
ajeer-259	99	32	,	,	PUNCT
ajeer-259	99	33	%	%	INTJ
ajeer-259	99	34	)	)	PUNCT
ajeer-259	99	35	market	market	NOUN
ajeer-259	99	36	cap	cap	NOUN
ajeer-259	99	37	(	(	PUNCT
ajeer-259	99	38	mil	mil	NOUN
ajeer-259	99	39	won	win	VERB
ajeer-259	99	40	,	,	PUNCT
ajeer-259	99	41	%	%	INTJ
ajeer-259	99	42	)	)	PUNCT
ajeer-259	99	43	kospi	kospi	NOUN
ajeer-259	99	44	market	market	NOUN
ajeer-259	99	45	770	770	NUM
ajeer-259	99	46	42,313,258	42,313,258	NUM
ajeer-259	99	47	107,486,916	107,486,916	NUM
ajeer-259	99	48	(	(	PUNCT
ajeer-259	99	49	100.00	100.00	NUM
ajeer-259	99	50	)	)	PUNCT
ajeer-259	99	51	1,607,169,301	1,607,169,301	NUM
ajeer-259	99	52	(	(	PUNCT
ajeer-259	99	53	100.00	100.00	NUM
ajeer-259	99	54	)	)	PUNCT
ajeer-259	99	55	finance	finance	NOUN
ajeer-259	99	56	115	115	NUM
ajeer-259	99	57	12,294,653	12,294,653	NUM
ajeer-259	99	58	42,554,280	42,554,280	NUM
ajeer-259	99	59	(	(	PUNCT
ajeer-259	99	60	39.59	39.59	NUM
ajeer-259	99	61	)	)	PUNCT
ajeer-259	99	62	316,091,598	316,091,598	NUM
ajeer-259	99	63	(	(	PUNCT
ajeer-259	99	64	19.67	19.67	NUM
ajeer-259	99	65	)	)	PUNCT
ajeer-259	99	66	chemicals	chemical	NOUN
ajeer-259	99	67	93	93	NUM
ajeer-259	99	68	2,927,784	2,927,784	NUM
ajeer-259	99	69	6,348,142	6,348,142	NUM
ajeer-259	99	70	(	(	PUNCT
ajeer-259	99	71	5.91	5.91	NUM
ajeer-259	99	72	)	)	PUNCT
ajeer-259	99	73	163,974,550	163,974,550	NUM
ajeer-259	99	74	(	(	PUNCT
ajeer-259	99	75	10.20	10.20	NUM
ajeer-259	99	76	)	)	PUNCT
ajeer-259	99	77	services	service	NOUN
ajeer-259	99	78	73	73	NUM
ajeer-259	99	79	3,124,206	3,124,206	NUM
ajeer-259	99	80	3,648,543	3,648,543	NUM
ajeer-259	99	81	(	(	PUNCT
ajeer-259	99	82	3.39	3.39	NUM
ajeer-259	99	83	)	)	PUNCT
ajeer-259	99	84	123,069,555	123,069,555	NUM
ajeer-259	99	85	(	(	PUNCT
ajeer-259	99	86	7.66	7.66	NUM
ajeer-259	99	87	)	)	PUNCT
ajeer-259	99	88	distribution	distribution	NOUN
ajeer-259	99	89	59	59	NUM
ajeer-259	99	90	2,966,748	2,966,748	NUM
ajeer-259	99	91	4,914,762	4,914,762	NUM
ajeer-259	99	92	(	(	PUNCT
ajeer-259	99	93	4.57	4.57	NUM
ajeer-259	99	94	)	)	PUNCT
ajeer-259	99	95	82,679,537	82,679,537	NUM
ajeer-259	99	96	(	(	PUNCT
ajeer-259	99	97	5.14	5.14	NUM
ajeer-259	99	98	)	)	PUNCT
ajeer-259	99	99	electrical	electrical	ADJ
ajeer-259	99	100	and	and	CCONJ
ajeer-259	99	101	electronic	electronic	ADJ
ajeer-259	99	102	equipment	equipment	NOUN
ajeer-259	99	103	54	54	NUM
ajeer-259	99	104	3,943,099	3,943,099	NUM
ajeer-259	99	105	10,151,032	10,151,032	NUM
ajeer-259	99	106	(	(	PUNCT
ajeer-259	99	107	9.44	9.44	NUM
ajeer-259	99	108	)	)	PUNCT
ajeer-259	99	109	491,579,552	491,579,552	NUM
ajeer-259	99	110	(	(	PUNCT
ajeer-259	99	111	30.59	30.59	NUM
ajeer-259	99	112	)	)	PUNCT
ajeer-259	99	113	transport	transport	NOUN
ajeer-259	99	114	equipment	equipment	NOUN
ajeer-259	99	115	54	54	NUM
ajeer-259	99	116	3,178,910	3,178,910	NUM
ajeer-259	99	117	9,948,482	9,948,482	NUM
ajeer-259	99	118	(	(	PUNCT
ajeer-259	99	119	9.26	9.26	NUM
ajeer-259	99	120	)	)	PUNCT
ajeer-259	99	121	120,227,496	120,227,496	NUM
ajeer-259	99	122	(	(	PUNCT
ajeer-259	99	123	7.48	7.48	NUM
ajeer-259	99	124	)	)	PUNCT
ajeer-259	99	125	iron	iron	NOUN
ajeer-259	99	126	&	&	CCONJ
ajeer-259	99	127	metal	metal	NOUN
ajeer-259	99	128	products	product	NOUN
ajeer-259	99	129	45	45	NUM
ajeer-259	99	130	1,422,641	1,422,641	NUM
ajeer-259	99	131	3,151,818	3,151,818	NUM
ajeer-259	99	132	(	(	PUNCT
ajeer-259	99	133	2.93	2.93	NUM
ajeer-259	99	134	)	)	PUNCT
ajeer-259	99	135	57,171,528	57,171,528	NUM
ajeer-259	99	136	(	(	PUNCT
ajeer-259	99	137	3.56	3.56	NUM
ajeer-259	99	138	)	)	PUNCT
ajeer-259	99	139	medical	medical	ADJ
ajeer-259	99	140	supplies	supply	NOUN
ajeer-259	99	141	41	41	NUM
ajeer-259	99	142	1,250,815	1,250,815	NUM
ajeer-259	99	143	1,268,274	1,268,274	NUM
ajeer-259	99	144	(	(	PUNCT
ajeer-259	99	145	1.18	1.18	NUM
ajeer-259	99	146	)	)	PUNCT
ajeer-259	99	147	51,604,430	51,604,430	NUM
ajeer-259	99	148	(	(	PUNCT
ajeer-259	99	149	3.21	3.21	NUM
ajeer-259	99	150	)	)	PUNCT
ajeer-259	99	151	machinery	machinery	NOUN
ajeer-259	99	152	41	41	NUM
ajeer-259	99	153	1,927,585	1,927,585	NUM
ajeer-259	99	154	2,594,990	2,594,990	NUM
ajeer-259	99	155	(	(	PUNCT
ajeer-259	99	156	2.41	2.41	NUM
ajeer-259	99	157	)	)	PUNCT
ajeer-259	99	158	19,858,694	19,858,694	NUM
ajeer-259	99	159	(	(	PUNCT
ajeer-259	99	160	1.24	1.24	NUM
ajeer-259	99	161	)	)	PUNCT
ajeer-259	99	162	foods	food	NOUN
ajeer-259	99	163	&	&	CCONJ
ajeer-259	99	164	beverages	beverage	NOUN
ajeer-259	99	165	39	39	NUM
ajeer-259	99	166	1,300,254	1,300,254	NUM
ajeer-259	99	167	1,312,162	1,312,162	NUM
ajeer-259	99	168	(	(	PUNCT
ajeer-259	99	169	1.22	1.22	NUM
ajeer-259	99	170	)	)	PUNCT
ajeer-259	99	171	34,295,813	34,295,813	NUM
ajeer-259	99	172	(	(	PUNCT
ajeer-259	99	173	2.13	2.13	NUM
ajeer-259	99	174	)	)	PUNCT
ajeer-259	99	175	construction	construction	NOUN
ajeer-259	99	176	31	31	NUM
ajeer-259	99	177	1,626,633	1,626,633	NUM
ajeer-259	99	178	5,586,149	5,586,149	NUM
ajeer-259	99	179	(	(	PUNCT
ajeer-259	99	180	5.20	5.20	NUM
ajeer-259	99	181	)	)	PUNCT
ajeer-259	99	182	20,468,693	20,468,693	NUM
ajeer-259	99	183	(	(	PUNCT
ajeer-259	99	184	1.27	1.27	NUM
ajeer-259	99	185	)	)	PUNCT
ajeer-259	99	186	textile	textile	NOUN
ajeer-259	99	187	&	&	CCONJ
ajeer-259	99	188	wearing	wear	VERB
ajeer-259	99	189	apparel	apparel	NOUN
ajeer-259	99	190	25	25	NUM
ajeer-259	99	191	624,299	624,299	NUM
ajeer-259	99	192	527,899	527,899	NUM
ajeer-259	99	193	(	(	PUNCT
ajeer-259	99	194	0.49	0.49	NUM
ajeer-259	99	195	)	)	PUNCT
ajeer-259	99	196	6,198,328	6,198,328	NUM
ajeer-259	99	197	(	(	PUNCT
ajeer-259	99	198	0.39	0.39	NUM
ajeer-259	99	199	)	)	PUNCT
ajeer-259	99	200	non	non	ADJ
ajeer-259	99	201	-	-	ADJ
ajeer-259	99	202	metallic	metallic	ADJ
ajeer-259	99	203	mineral	mineral	NOUN
ajeer-259	99	204	products	product	NOUN
ajeer-259	99	205	22	22	NUM
ajeer-259	99	206	682,581	682,581	NUM
ajeer-259	99	207	1,257,597	1,257,597	NUM
ajeer-259	99	208	(	(	PUNCT
ajeer-259	99	209	1.17	1.17	NUM
ajeer-259	99	210	)	)	PUNCT
ajeer-259	99	211	8,128,040	8,128,040	NUM
ajeer-259	99	212	(	(	PUNCT
ajeer-259	99	213	0.51	0.51	NUM
ajeer-259	99	214	)	)	PUNCT
ajeer-259	99	215	transport	transport	NOUN
ajeer-259	99	216	&	&	CCONJ
ajeer-259	99	217	storage	storage	PROPN
ajeer-259	100	1	21	21	NUM
ajeer-259	100	2	1,443,321	1,443,321	NUM
ajeer-259	100	3	3,655,461	3,655,461	NUM
ajeer-259	100	4	(	(	PUNCT
ajeer-259	100	5	3.40	3.40	NUM
ajeer-259	100	6	)	)	PUNCT
ajeer-259	100	7	20,204,123	20,204,123	NUM
ajeer-259	100	8	(	(	PUNCT
ajeer-259	100	9	1.26	1.26	NUM
ajeer-259	100	10	)	)	PUNCT
ajeer-259	100	11	other	other	ADJ
ajeer-259	100	12	manufacture	manufacture	VERB
ajeer-259	100	13	12	12	NUM
ajeer-259	100	14	468,236	468,236	NUM
ajeer-259	100	15	1,176,699	1,176,699	NUM
ajeer-259	100	16	(	(	PUNCT
ajeer-259	100	17	1.09	1.09	NUM
ajeer-259	100	18	)	)	PUNCT
ajeer-259	100	19	18,784,711	18,784,711	NUM
ajeer-259	100	20	(	(	PUNCT
ajeer-259	100	21	1.17	1.17	NUM
ajeer-259	100	22	)	)	PUNCT
ajeer-259	100	23	electricity	electricity	NOUN
ajeer-259	100	24	&	&	CCONJ
ajeer-259	100	25	gas	gas	NOUN
ajeer-259	100	26	10	10	NUM
ajeer-259	100	27	808,503	808,503	NUM
ajeer-259	100	28	3,930,721	3,930,721	NUM
ajeer-259	100	29	(	(	PUNCT
ajeer-259	100	30	3.66	3.66	NUM
ajeer-259	100	31	)	)	PUNCT
ajeer-259	100	32	31,098,019	31,098,019	NUM
ajeer-259	100	33	(	(	PUNCT
ajeer-259	100	34	1.93	1.93	NUM
ajeer-259	100	35	)	)	PUNCT
ajeer-259	100	36	communication	communication	NOUN
ajeer-259	100	37	4	4	NUM
ajeer-259	100	38	865,739	865,739	NUM
ajeer-259	100	39	4,226,743	4,226,743	NUM
ajeer-259	100	40	(	(	PUNCT
ajeer-259	100	41	3.93	3.93	NUM
ajeer-259	100	42	)	)	PUNCT
ajeer-259	100	43	35,462,277	35,462,277	NUM
ajeer-259	100	44	(	(	PUNCT
ajeer-259	100	45	2.21	2.21	NUM
ajeer-259	100	46	)	)	PUNCT
ajeer-259	100	47	others	other	NOUN
ajeer-259	100	48	31	31	NUM
ajeer-259	100	49	1,457,248	1,457,248	NUM
ajeer-259	100	50	1,233,161	1,233,161	NUM
ajeer-259	100	51	(	(	PUNCT
ajeer-259	100	52	1.15	1.15	NUM
ajeer-259	100	53	)	)	PUNCT
ajeer-259	100	54	6,272,357	6,272,357	NUM
ajeer-259	100	55	(	(	PUNCT
ajeer-259	100	56	0.39	0.39	NUM
ajeer-259	100	57	)	)	PUNCT
ajeer-259	100	58	note	note	NOUN
ajeer-259	100	59	:	:	PUNCT
ajeer-259	100	60	finance	finance	NOUN
ajeer-259	100	61	includes	include	VERB
ajeer-259	100	62	banks	bank	NOUN
ajeer-259	100	63	,	,	PUNCT
ajeer-259	100	64	securities	security	NOUN
ajeer-259	100	65	,	,	PUNCT
ajeer-259	100	66	insurance	insurance	NOUN
ajeer-259	100	67	and	and	CCONJ
ajeer-259	100	68	other	other	ADJ
ajeer-259	100	69	financial	financial	ADJ
ajeer-259	100	70	companies	company	NOUN
ajeer-259	100	71	.	.	PUNCT
ajeer-259	101	1	others	other	NOUN
ajeer-259	101	2	include	include	VERB
ajeer-259	101	3	paper	paper	NOUN
ajeer-259	101	4	&	&	CCONJ
ajeer-259	101	5	wood	wood	PROPN
ajeer-259	101	6	,	,	PUNCT
ajeer-259	101	7	medical	medical	ADJ
ajeer-259	101	8	&	&	CCONJ
ajeer-259	101	9	precision	precision	PROPN
ajeer-259	101	10	machines	machine	NOUN
ajeer-259	101	11	,	,	PUNCT
ajeer-259	101	12	fisheries	fishery	NOUN
ajeer-259	101	13	industry	industry	NOUN
ajeer-259	101	14	,	,	PUNCT
ajeer-259	101	15	and	and	CCONJ
ajeer-259	101	16	mining	mining	NOUN
ajeer-259	101	17	industry	industry	NOUN
ajeer-259	101	18	.	.	PUNCT
ajeer-259	102	1	the	the	DET
ajeer-259	102	2	continuously	continuously	ADV
ajeer-259	102	3	compounded	compound	VERB
ajeer-259	102	4	rate	rate	NOUN
ajeer-259	102	5	of	of	ADP
ajeer-259	102	6	return	return	NOUN
ajeer-259	102	7	for	for	ADP
ajeer-259	102	8	market	market	NOUN
ajeer-259	102	9	index	index	NOUN
ajeer-259	102	10	and	and	CCONJ
ajeer-259	102	11	each	each	DET
ajeer-259	102	12	sample	sample	NOUN
ajeer-259	102	13	stock	stock	NOUN
ajeer-259	102	14	for	for	ADP
ajeer-259	102	15	the	the	DET
ajeer-259	102	16	sample	sample	NOUN
ajeer-259	102	17	period	period	NOUN
ajeer-259	102	18	are	be	AUX
ajeer-259	102	19	used	use	VERB
ajeer-259	102	20	for	for	ADP
ajeer-259	102	21	the	the	DET
ajeer-259	102	22	empirical	empirical	ADJ
ajeer-259	102	23	analysis	analysis	NOUN
ajeer-259	102	24	and	and	CCONJ
ajeer-259	102	25	its	its	PRON
ajeer-259	102	26	descriptive	descriptive	ADJ
ajeer-259	102	27	statistics	statistic	NOUN
ajeer-259	102	28	are	be	AUX
ajeer-259	102	29	summarized	summarize	VERB
ajeer-259	102	30	in	in	ADP
ajeer-259	102	31	table	table	NOUN
ajeer-259	102	32	3	3	NUM
ajeer-259	102	33	.	.	PUNCT
ajeer-259	103	1	the	the	DET
ajeer-259	103	2	average	average	ADJ
ajeer-259	103	3	mean	mean	NOUN
ajeer-259	103	4	of	of	ADP
ajeer-259	103	5	daily	daily	ADJ
ajeer-259	103	6	returns	return	NOUN
ajeer-259	103	7	for	for	ADP
ajeer-259	103	8	60	60	NUM
ajeer-259	103	9	stocks	stock	NOUN
ajeer-259	103	10	(	(	PUNCT
ajeer-259	103	11	0.012	0.012	NUM
ajeer-259	103	12	%	%	NOUN
ajeer-259	103	13	)	)	PUNCT
ajeer-259	103	14	,	,	PUNCT
ajeer-259	103	15	as	as	ADV
ajeer-259	103	16	well	well	ADV
ajeer-259	103	17	as	as	ADP
ajeer-259	103	18	the	the	DET
ajeer-259	103	19	index	index	NOUN
ajeer-259	103	20	(	(	PUNCT
ajeer-259	103	21	0.021	0.021	NUM
ajeer-259	103	22	%	%	NOUN
ajeer-259	103	23	)	)	PUNCT
ajeer-259	103	24	,	,	PUNCT
ajeer-259	103	25	is	be	AUX
ajeer-259	103	26	positive	positive	ADJ
ajeer-259	103	27	for	for	ADP
ajeer-259	103	28	the	the	DET
ajeer-259	103	29	entire	entire	ADJ
ajeer-259	103	30	sample	sample	NOUN
ajeer-259	103	31	period	period	NOUN
ajeer-259	103	32	,	,	PUNCT
ajeer-259	103	33	reflecting	reflect	VERB
ajeer-259	103	34	the	the	DET
ajeer-259	103	35	overall	overall	ADJ
ajeer-259	103	36	rise	rise	NOUN
ajeer-259	103	37	of	of	ADP
ajeer-259	103	38	the	the	DET
ajeer-259	103	39	korean	korean	ADJ
ajeer-259	103	40	stock	stock	NOUN
ajeer-259	103	41	market	market	NOUN
ajeer-259	103	42	during	during	ADP
ajeer-259	103	43	the	the	DET
ajeer-259	103	44	sample	sample	NOUN
ajeer-259	103	45	period	period	NOUN
ajeer-259	103	46	.	.	PUNCT
ajeer-259	104	1	the	the	DET
ajeer-259	104	2	average	average	NOUN
ajeer-259	104	3	for	for	ADP
ajeer-259	104	4	the	the	DET
ajeer-259	104	5	period	period	NOUN
ajeer-259	104	6	after	after	SCONJ
ajeer-259	104	7	the	the	DET
ajeer-259	104	8	expansion	expansion	NOUN
ajeer-259	104	9	of	of	ADP
ajeer-259	104	10	daily	daily	ADJ
ajeer-259	104	11	price	price	NOUN
ajeer-259	104	12	limits	limit	NOUN
ajeer-259	104	13	on	on	ADP
ajeer-259	104	14	june	june	PROPN
ajeer-259	104	15	15	15	NUM
ajeer-259	104	16	,	,	PUNCT
ajeer-259	104	17	2015	2015	NUM
ajeer-259	104	18	(	(	PUNCT
ajeer-259	104	19	0.0117	0.0117	NUM
ajeer-259	104	20	%	%	NOUN
ajeer-259	104	21	)	)	PUNCT
ajeer-259	104	22	is	be	AUX
ajeer-259	104	23	higher	high	ADJ
ajeer-259	104	24	than	than	ADP
ajeer-259	104	25	that	that	PRON
ajeer-259	104	26	of	of	ADP
ajeer-259	104	27	period	period	NOUN
ajeer-259	104	28	before	before	ADP
ajeer-259	104	29	the	the	DET
ajeer-259	104	30	change	change	NOUN
ajeer-259	104	31	of	of	ADP
ajeer-259	104	32	price	price	NOUN
ajeer-259	104	33	limits	limit	NOUN
ajeer-259	104	34	(	(	PUNCT
ajeer-259	104	35	0.0113	0.0113	NUM
ajeer-259	104	36	%	%	NOUN
ajeer-259	104	37	)	)	PUNCT
ajeer-259	104	38	.	.	PUNCT
ajeer-259	105	1	as	as	ADP
ajeer-259	105	2	for	for	ADP
ajeer-259	105	3	the	the	DET
ajeer-259	105	4	volatility	volatility	NOUN
ajeer-259	105	5	of	of	ADP
ajeer-259	105	6	stock	stock	NOUN
ajeer-259	105	7	returns	return	NOUN
ajeer-259	105	8	,	,	PUNCT
ajeer-259	105	9	the	the	DET
ajeer-259	105	10	average	average	ADJ
ajeer-259	105	11	standard	standard	ADJ
ajeer-259	105	12	deviation	deviation	NOUN
ajeer-259	105	13	of	of	ADP
ajeer-259	105	14	the	the	DET
ajeer-259	105	15	period	period	NOUN
ajeer-259	105	16	under	under	ADP
ajeer-259	105	17	the	the	DET
ajeer-259	105	18	30	30	NUM
ajeer-259	105	19	%	%	NOUN
ajeer-259	105	20	price	price	NOUN
ajeer-259	105	21	limits	limit	NOUN
ajeer-259	105	22	regime	regime	NOUN
ajeer-259	105	23	is	be	AUX
ajeer-259	105	24	0.0219	0.0219	NUM
ajeer-259	105	25	and	and	CCONJ
ajeer-259	105	26	appears	appear	VERB
ajeer-259	105	27	to	to	PART
ajeer-259	105	28	be	be	AUX
ajeer-259	105	29	more	more	ADV
ajeer-259	105	30	volatile	volatile	ADJ
ajeer-259	105	31	than	than	ADP
ajeer-259	105	32	the	the	DET
ajeer-259	105	33	period	period	NOUN
ajeer-259	105	34	with	with	ADP
ajeer-259	105	35	the	the	DET
ajeer-259	105	36	15	15	NUM
ajeer-259	105	37	%	%	NOUN
ajeer-259	105	38	of	of	ADP
ajeer-259	105	39	price	price	NOUN
ajeer-259	105	40	limits	limit	NOUN
ajeer-259	105	41	(	(	PUNCT
ajeer-259	105	42	0.0213	0.0213	NUM
ajeer-259	105	43	)	)	PUNCT
ajeer-259	105	44	.	.	PUNCT
ajeer-259	106	1	in	in	ADP
ajeer-259	106	2	contrast	contrast	NOUN
ajeer-259	106	3	,	,	PUNCT
ajeer-259	106	4	standard	standard	ADJ
ajeer-259	106	5	deviation	deviation	NOUN
ajeer-259	106	6	of	of	ADP
ajeer-259	106	7	kospi	kospi	NOUN
ajeer-259	106	8	in	in	ADP
ajeer-259	106	9	the	the	DET
ajeer-259	106	10	15	15	NUM
ajeer-259	106	11	%	%	NOUN
ajeer-259	106	12	regime	regime	NOUN
ajeer-259	106	13	of	of	ADP
ajeer-259	106	14	daily	daily	ADJ
ajeer-259	106	15	price	price	NOUN
ajeer-259	106	16	limits	limit	NOUN
ajeer-259	106	17	(	(	PUNCT
ajeer-259	106	18	0.0078	0.0078	NUM
ajeer-259	106	19	)	)	PUNCT
ajeer-259	106	20	is	be	AUX
ajeer-259	106	21	higher	high	ADJ
ajeer-259	106	22	than	than	ADP
ajeer-259	106	23	that	that	PRON
ajeer-259	106	24	of	of	ADP
ajeer-259	106	25	the	the	DET
ajeer-259	106	26	30	30	NUM
ajeer-259	106	27	%	%	NOUN
ajeer-259	106	28	price	price	NOUN
ajeer-259	106	29	limits	limit	NOUN
ajeer-259	106	30	regime	regime	NOUN
ajeer-259	106	31	period	period	NOUN
ajeer-259	106	32	(	(	PUNCT
ajeer-259	106	33	0.0074).5	0.0074).5	NOUN
ajeer-259	106	34	5	5	NUM
ajeer-259	106	35	comparative	comparative	ADJ
ajeer-259	106	36	descriptive	descriptive	ADJ
ajeer-259	106	37	statistics	statistic	NOUN
ajeer-259	106	38	for	for	ADP
ajeer-259	106	39	the	the	DET
ajeer-259	106	40	sub	sub	NOUN
ajeer-259	106	41	-	-	NOUN
ajeer-259	106	42	periods	period	NOUN
ajeer-259	106	43	before	before	ADV
ajeer-259	106	44	and	and	CCONJ
ajeer-259	106	45	after	after	ADP
ajeer-259	106	46	the	the	DET
ajeer-259	106	47	price	price	NOUN
ajeer-259	106	48	limits	limit	NOUN
ajeer-259	106	49	regime	regime	NOUN
ajeer-259	106	50	change	change	NOUN
ajeer-259	106	51	are	be	AUX
ajeer-259	106	52	not	not	PART
ajeer-259	106	53	reported	report	VERB
ajeer-259	106	54	here	here	ADV
ajeer-259	106	55	due	due	ADP
ajeer-259	106	56	to	to	ADP
ajeer-259	106	57	the	the	DET
ajeer-259	106	58	limited	limited	ADJ
ajeer-259	106	59	space	space	NOUN
ajeer-259	106	60	.	.	PUNCT
ajeer-259	107	1	the	the	DET
ajeer-259	107	2	information	information	NOUN
ajeer-259	107	3	is	be	AUX
ajeer-259	107	4	available	available	ADJ
ajeer-259	107	5	from	from	ADP
ajeer-259	107	6	the	the	DET
ajeer-259	107	7	authors	author	NOUN
ajeer-259	107	8	upon	upon	SCONJ
ajeer-259	107	9	request	request	NOUN
ajeer-259	107	10	.	.	PUNCT
ajeer-259	108	1	asian	asian	ADJ
ajeer-259	108	2	journal	journal	PROPN
ajeer-259	108	3	of	of	ADP
ajeer-259	108	4	economics	economic	NOUN
ajeer-259	108	5	and	and	CCONJ
ajeer-259	108	6	empirical	empirical	ADJ
ajeer-259	108	7	research	research	NOUN
ajeer-259	108	8	,	,	PUNCT
ajeer-259	108	9	2018	2018	NUM
ajeer-259	108	10	,	,	PUNCT
ajeer-259	108	11	5(2	5(2	NUM
ajeer-259	108	12	):	):	PUNCT
ajeer-259	108	13	191	191	NUM
ajeer-259	108	14	-	-	SYM
ajeer-259	108	15	200	200	NUM
ajeer-259	108	16	195	195	NUM
ajeer-259	108	17	table-2	table-2	NUM
ajeer-259	108	18	.	.	PUNCT
ajeer-259	109	1	sample	sample	NOUN
ajeer-259	109	2	companies	company	NOUN
ajeer-259	109	3	companies	company	NOUN
ajeer-259	109	4	market	market	NOUN
ajeer-259	109	5	cap	cap	NOUN
ajeer-259	109	6	no	no	PROPN
ajeer-259	109	7	of	of	ADP
ajeer-259	109	8	listed	list	VERB
ajeer-259	109	9	shares	share	NOUN
ajeer-259	109	10	ratio	ratio	NOUN
ajeer-259	109	11	held	hold	VERB
ajeer-259	109	12	by	by	ADP
ajeer-259	109	13	foreigner	foreigner	NOUN
ajeer-259	109	14	million	million	NUM
ajeer-259	109	15	won	won	NOUN
ajeer-259	109	16	(	(	PUNCT
ajeer-259	109	17	%	%	INTJ
ajeer-259	109	18	)	)	PUNCT
ajeer-259	109	19	thousand	thousand	NUM
ajeer-259	109	20	(	(	PUNCT
ajeer-259	109	21	%	%	NOUN
ajeer-259	109	22	)	)	PUNCT
ajeer-259	109	23	finance	finance	NOUN
ajeer-259	109	24	samsung	samsung	PROPN
ajeer-259	109	25	life	life	PROPN
ajeer-259	109	26	insurance	insurance	PROPN
ajeer-259	109	27	co.	co.	PROPN
ajeer-259	109	28	,	,	PUNCT
ajeer-259	109	29	ltd	ltd	PROPN
ajeer-259	109	30	.	.	PROPN
ajeer-259	109	31	25,600,000	25,600,000	NUM
ajeer-259	109	32	1.59	1.59	NUM
ajeer-259	109	33	200,000,000	200,000,000	NUM
ajeer-259	109	34	0.47	0.47	NUM
ajeer-259	109	35	16.59	16.59	NUM
ajeer-259	109	36	kb	kb	PROPN
ajeer-259	109	37	financial	financial	PROPN
ajeer-259	109	38	group	group	PROPN
ajeer-259	109	39	inc	inc	PROPN
ajeer-259	109	40	25,044,881	25,044,881	NUM
ajeer-259	109	41	1.56	1.56	NUM
ajeer-259	109	42	418,111,537	418,111,537	NUM
ajeer-259	109	43	0.99	0.99	NUM
ajeer-259	109	44	69.21	69.21	NUM
ajeer-259	109	45	shinhan	shinhan	PROPN
ajeer-259	109	46	financial	financial	PROPN
ajeer-259	109	47	group	group	PROPN
ajeer-259	109	48	co.	co.	PROPN
ajeer-259	109	49	,	,	PUNCT
ajeer-259	109	50	ltd	ltd	PROPN
ajeer-259	109	51	.	.	PROPN
ajeer-259	109	52	22,951,260	22,951,260	NUM
ajeer-259	109	53	1.43	1.43	NUM
ajeer-259	109	54	474,199,587	474,199,587	NUM
ajeer-259	109	55	1.12	1.12	NUM
ajeer-259	109	56	69.05	69.05	NUM
ajeer-259	109	57	woori	woori	PROPN
ajeer-259	109	58	bank	bank	PROPN
ajeer-259	109	59	co.	co.	PROPN
ajeer-259	109	60	,	,	PUNCT
ajeer-259	109	61	ltd	ltd	PROPN
ajeer-259	109	62	.	.	PROPN
ajeer-259	109	63	10,951,200	10,951,200	NUM
ajeer-259	109	64	0.68	0.68	NUM
ajeer-259	109	65	676,000,000	676,000,000	NUM
ajeer-259	109	66	1.60	1.60	NUM
ajeer-259	109	67	27.39	27.39	NUM
ajeer-259	109	68	mirae	mirae	NOUN
ajeer-259	109	69	asset	asset	PROPN
ajeer-259	109	70	daewoo	daewoo	PROPN
ajeer-259	109	71	co.	co.	PROPN
ajeer-259	109	72	,	,	PUNCT
ajeer-259	109	73	ltd	ltd	PROPN
ajeer-259	109	74	.	.	PROPN
ajeer-259	109	75	6,829,743	6,829,743	NUM
ajeer-259	109	76	0.42	0.42	NUM
ajeer-259	109	77	666,316,408	666,316,408	NUM
ajeer-259	109	78	1.57	1.57	NUM
ajeer-259	109	79	11.81	11.81	NUM
ajeer-259	109	80	hanwha	hanwha	NOUN
ajeer-259	109	81	life	life	PROPN
ajeer-259	109	82	insurance	insurance	PROPN
ajeer-259	109	83	co.	co.	PROPN
ajeer-259	109	84	,	,	PUNCT
ajeer-259	109	85	ltd	ltd	PROPN
ajeer-259	109	86	.	.	PROPN
ajeer-259	109	87	6,479,234	6,479,234	NUM
ajeer-259	109	88	0.4	0.4	NUM
ajeer-259	109	89	868,530,000	868,530,000	NUM
ajeer-259	109	90	2.05	2.05	NUM
ajeer-259	109	91	19.29	19.29	NUM
ajeer-259	109	92	chemicals	chemical	NOUN
ajeer-259	109	93	lg	lg	NOUN
ajeer-259	109	94	chem	chem	PROPN
ajeer-259	109	95	,	,	PUNCT
ajeer-259	109	96	ltd	ltd	PROPN
ajeer-259	109	97	.	.	PROPN
ajeer-259	109	98	29,472,303	29,472,303	NUM
ajeer-259	109	99	1.83	1.83	NUM
ajeer-259	109	100	70,592,343	70,592,343	NUM
ajeer-259	109	101	0.17	0.17	NUM
ajeer-259	109	102	40.23	40.23	NUM
ajeer-259	109	103	s	s	NOUN
ajeer-259	109	104	-	-	PUNCT
ajeer-259	109	105	oil	oil	NOUN
ajeer-259	109	106	corporation	corporation	NOUN
ajeer-259	109	107	13,453,644	13,453,644	NUM
ajeer-259	109	108	0.84	0.84	NUM
ajeer-259	109	109	112,582,792	112,582,792	NUM
ajeer-259	109	110	0.27	0.27	NUM
ajeer-259	109	111	77.5	77.5	NUM
ajeer-259	109	112	lotte	lotte	NOUN
ajeer-259	109	113	chemical	chemical	NOUN
ajeer-259	109	114	corporation	corporation	NOUN
ajeer-259	109	115	12,270,600	12,270,600	NUM
ajeer-259	109	116	0.76	0.76	NUM
ajeer-259	109	117	34,275,419	34,275,419	NUM
ajeer-259	109	118	0.08	0.08	NUM
ajeer-259	109	119	31.89	31.89	NUM
ajeer-259	109	120	hyosung	hyosung	NOUN
ajeer-259	109	121	corporation	corporation	NOUN
ajeer-259	109	122	4,740,856	4,740,856	NUM
ajeer-259	109	123	0.29	0.29	NUM
ajeer-259	109	124	35,117,455	35,117,455	NUM
ajeer-259	109	125	0.08	0.08	NUM
ajeer-259	109	126	23.24	23.24	NUM
ajeer-259	109	127	hankook	hankook	NOUN
ajeer-259	109	128	cosmetics	cosmetic	NOUN
ajeer-259	109	129	manufacturing	manufacturing	PROPN
ajeer-259	109	130	co.	co.	PROPN
ajeer-259	109	131	,	,	PUNCT
ajeer-259	109	132	ltd	ltd	VERB
ajeer-259	109	133	250,166	250,166	NUM
ajeer-259	109	134	0.02	0.02	NUM
ajeer-259	109	135	4,532,000	4,532,000	NUM
ajeer-259	109	136	0.01	0.01	NUM
ajeer-259	109	137	0.62	0.62	NUM
ajeer-259	109	138	services	service	NOUN
ajeer-259	109	139	naver	naver	NOUN
ajeer-259	109	140	corporation	corporation	PROPN
ajeer-259	109	141	26,370,143	26,370,143	NUM
ajeer-259	109	142	1.64	1.64	NUM
ajeer-259	109	143	32,962,679	32,962,679	NUM
ajeer-259	109	144	0.08	0.08	NUM
ajeer-259	109	145	59.29	59.29	NUM
ajeer-259	109	146	ncsoft	ncsoft	ADJ
ajeer-259	109	147	corporation	corporation	NOUN
ajeer-259	109	148	9,576,383	9,576,383	NUM
ajeer-259	109	149	0.6	0.6	NUM
ajeer-259	109	150	21,939,022	21,939,022	NUM
ajeer-259	109	151	0.05	0.05	NUM
ajeer-259	109	152	43.25	43.25	NUM
ajeer-259	109	153	kakao	kakao	PROPN
ajeer-259	109	154	corp	corp	PROPN
ajeer-259	109	155	.	.	PROPN
ajeer-259	109	156	9,267,968	9,267,968	NUM
ajeer-259	109	157	0.58	0.58	NUM
ajeer-259	109	158	67,897,203	67,897,203	NUM
ajeer-259	109	159	0.16	0.16	NUM
ajeer-259	109	160	22.32	22.32	NUM
ajeer-259	109	161	kangwon	kangwon	ADJ
ajeer-259	109	162	land	land	NOUN
ajeer-259	109	163	,	,	PUNCT
ajeer-259	109	164	inc	inc	PROPN
ajeer-259	109	165	.	.	PROPN
ajeer-259	109	166	7,947,890	7,947,890	NUM
ajeer-259	109	167	0.49	0.49	NUM
ajeer-259	109	168	213,940,500	213,940,500	NUM
ajeer-259	109	169	0.51	0.51	NUM
ajeer-259	109	170	29.38	29.38	NUM
ajeer-259	109	171	cheil	cheil	NOUN
ajeer-259	109	172	worldwide	worldwide	PROPN
ajeer-259	109	173	inc	inc	PROPN
ajeer-259	109	174	.	.	PROPN
ajeer-259	109	175	2,312,329	2,312,329	NUM
ajeer-259	109	176	0.14	0.14	NUM
ajeer-259	109	177	115,041,225	115,041,225	NUM
ajeer-259	109	178	0.27	0.27	NUM
ajeer-259	109	179	33.41	33.41	NUM
ajeer-259	109	180	distribution	distribution	NOUN
ajeer-259	109	181	e	e	PROPN
ajeer-259	109	182	-	-	PROPN
ajeer-259	109	183	mart	mart	PROPN
ajeer-259	109	184	inc	inc	PROPN
ajeer-259	109	185	.	.	PROPN
ajeer-259	109	186	7,624,036	7,624,036	NUM
ajeer-259	109	187	0.47	0.47	NUM
ajeer-259	109	188	27,875,819	27,875,819	NUM
ajeer-259	109	189	0.07	0.07	NUM
ajeer-259	109	190	49.25	49.25	NUM
ajeer-259	109	191	lotte	lotte	NOUN
ajeer-259	109	192	shopping	shopping	PROPN
ajeer-259	109	193	co.	co.	PROPN
ajeer-259	109	194	,	,	PUNCT
ajeer-259	109	195	ltd	ltd	PROPN
ajeer-259	109	196	.	.	PROPN
ajeer-259	110	1	5,905,630	5,905,630	NUM
ajeer-259	110	2	0.37	0.37	NUM
ajeer-259	110	3	28,122,047	28,122,047	NUM
ajeer-259	110	4	0.07	0.07	NUM
ajeer-259	110	5	17.49	17.49	NUM
ajeer-259	110	6	hotel	hotel	PROPN
ajeer-259	110	7	shilla	shilla	PROPN
ajeer-259	110	8	co.	co.	PROPN
ajeer-259	110	9	,ltd	,ltd	PUNCT
ajeer-259	110	10	3,324,316	3,324,316	NUM
ajeer-259	110	11	0.21	0.21	NUM
ajeer-259	110	12	39,248,121	39,248,121	NUM
ajeer-259	110	13	0.09	0.09	NUM
ajeer-259	110	14	22.38	22.38	NUM
ajeer-259	110	15	shinsegae	shinsegae	PROPN
ajeer-259	110	16	inc	inc	PROPN
ajeer-259	110	17	.	.	PROPN
ajeer-259	110	18	2,825,567	2,825,567	NUM
ajeer-259	110	19	0.18	0.18	NUM
ajeer-259	110	20	9,845,181	9,845,181	NUM
ajeer-259	110	21	0.02	0.02	NUM
ajeer-259	110	22	23.37	23.37	NUM
ajeer-259	110	23	hyundai	hyundai	PROPN
ajeer-259	110	24	department	department	PROPN
ajeer-259	110	25	store	store	PROPN
ajeer-259	110	26	co.	co.	PROPN
ajeer-259	110	27	,	,	PUNCT
ajeer-259	110	28	ltd	ltd	PROPN
ajeer-259	110	29	.	.	PROPN
ajeer-259	110	30	2,288,759	2,288,759	NUM
ajeer-259	110	31	0.14	0.14	NUM
ajeer-259	110	32	23,402,441	23,402,441	NUM
ajeer-259	110	33	0.06	0.06	NUM
ajeer-259	110	34	25.82	25.82	NUM
ajeer-259	110	35	electrical	electrical	ADJ
ajeer-259	110	36	and	and	CCONJ
ajeer-259	110	37	electronic	electronic	ADJ
ajeer-259	110	38	equipment	equipment	NOUN
ajeer-259	110	39	samsung	samsung	PROPN
ajeer-259	110	40	electronics	electronics	PROPN
ajeer-259	110	41	co.	co.	PROPN
ajeer-259	110	42	,	,	PUNCT
ajeer-259	110	43	ltd	ltd	PROPN
ajeer-259	110	44	.	.	PROPN
ajeer-259	111	1	327,910,175	327,910,175	NUM
ajeer-259	111	2	20.4	20.4	NUM
ajeer-259	111	3	129,098,494	129,098,494	NUM
ajeer-259	111	4	0.31	0.31	NUM
ajeer-259	111	5	53.25	53.25	NUM
ajeer-259	111	6	sk	sk	PROPN
ajeer-259	111	7	hynix	hynix	PROPN
ajeer-259	111	8	inc	inc	PROPN
ajeer-259	111	9	.	.	PROPN
ajeer-259	111	10	55,910,582	55,910,582	NUM
ajeer-259	111	11	3.48	3.48	NUM
ajeer-259	111	12	728,002,365	728,002,365	NUM
ajeer-259	111	13	1.72	1.72	NUM
ajeer-259	111	14	48.21	48.21	NUM
ajeer-259	111	15	lg	lg	PROPN
ajeer-259	111	16	electronics	electronics	PROPN
ajeer-259	111	17	inc	inc	PROPN
ajeer-259	111	18	.	.	PROPN
ajeer-259	111	19	14,728,303	14,728,303	NUM
ajeer-259	111	20	0.92	0.92	NUM
ajeer-259	111	21	163,647,814	163,647,814	NUM
ajeer-259	111	22	0.39	0.39	NUM
ajeer-259	111	23	32.99	32.99	NUM
ajeer-259	111	24	taihan	taihan	PROPN
ajeer-259	111	25	electric	electric	PROPN
ajeer-259	111	26	wire	wire	PROPN
ajeer-259	111	27	co.	co.	PROPN
ajeer-259	111	28	,	,	PUNCT
ajeer-259	111	29	ltd	ltd	PROPN
ajeer-259	111	30	.	.	PROPN
ajeer-259	111	31	984,944	984,944	NUM
ajeer-259	111	32	0.06	0.06	NUM
ajeer-259	111	33	856,473,009	856,473,009	NUM
ajeer-259	111	34	2.02	2.02	NUM
ajeer-259	111	35	0.65	0.65	NUM
ajeer-259	111	36	sindoh	sindoh	PROPN
ajeer-259	111	37	co.	co.	PROPN
ajeer-259	111	38	,	,	PUNCT
ajeer-259	111	39	ltd	ltd	PROPN
ajeer-259	111	40	.	.	PROPN
ajeer-259	111	41	652,178	652,178	NUM
ajeer-259	111	42	0.04	0.04	NUM
ajeer-259	111	43	10,080,029	10,080,029	NUM
ajeer-259	111	44	0.02	0.02	NUM
ajeer-259	111	45	25.85	25.85	NUM
ajeer-259	111	46	transport	transport	NOUN
ajeer-259	111	47	equipment	equipment	NOUN
ajeer-259	111	48	hyundai	hyundai	PROPN
ajeer-259	111	49	motor	motor	NOUN
ajeer-259	111	50	company	company	NOUN
ajeer-259	111	51	36,235,481	36,235,481	NUM
ajeer-259	111	52	2.25	2.25	NUM
ajeer-259	111	53	220,276,479	220,276,479	NUM
ajeer-259	111	54	0.52	0.52	NUM
ajeer-259	111	55	45.34	45.34	NUM
ajeer-259	111	56	hyundai	hyundai	PROPN
ajeer-259	111	57	mobis	mobis	PROPN
ajeer-259	111	58	co.	co.	PROPN
ajeer-259	111	59	,	,	PUNCT
ajeer-259	111	60	ltd	ltd	PROPN
ajeer-259	111	61	26,623,547	26,623,547	NUM
ajeer-259	111	62	1.66	1.66	NUM
ajeer-259	111	63	97,343,863	97,343,863	NUM
ajeer-259	111	64	0.23	0.23	NUM
ajeer-259	111	65	48.55	48.55	NUM
ajeer-259	111	66	kia	kia	PROPN
ajeer-259	111	67	motors	motors	PROPN
ajeer-259	111	68	corporation	corporation	PROPN
ajeer-259	111	69	13,640,477	13,640,477	NUM
ajeer-259	111	70	0.85	0.85	NUM
ajeer-259	112	1	405,363,347	405,363,347	NUM
ajeer-259	112	2	0.96	0.96	NUM
ajeer-259	112	3	37.87	37.87	NUM
ajeer-259	112	4	korea	korea	PROPN
ajeer-259	112	5	aerospace	aerospace	NOUN
ajeer-259	112	6	industries	industry	NOUN
ajeer-259	112	7	,	,	PUNCT
ajeer-259	112	8	ltd	ltd	PROPN
ajeer-259	112	9	.	.	PROPN
ajeer-259	112	10	4,883,503	4,883,503	NUM
ajeer-259	112	11	0.3	0.3	NUM
ajeer-259	112	12	97,475,107	97,475,107	NUM
ajeer-259	112	13	0.23	0.23	NUM
ajeer-259	112	14	18.64	18.64	NUM
ajeer-259	112	15	samsung	samsung	PROPN
ajeer-259	112	16	heavy	heavy	PROPN
ajeer-259	112	17	industries	industries	PROPN
ajeer-259	112	18	co.	co.	PROPN
ajeer-259	112	19	,	,	PUNCT
ajeer-259	112	20	ltd	ltd	VERB
ajeer-259	112	21	4,660,500	4,660,500	NUM
ajeer-259	112	22	0.29	0.29	NUM
ajeer-259	112	23	390,000,000	390,000,000	NUM
ajeer-259	112	24	0.92	0.92	NUM
ajeer-259	112	25	19.87	19.87	NUM
ajeer-259	112	26	iron	iron	NOUN
ajeer-259	112	27	&	&	CCONJ
ajeer-259	112	28	metal	metal	NOUN
ajeer-259	112	29	products	product	NOUN
ajeer-259	112	30	posco	posco	VERB
ajeer-259	112	31	29,207,590	29,207,590	NUM
ajeer-259	112	32	1.82	1.82	NUM
ajeer-259	112	33	87,186,835	87,186,835	NUM
ajeer-259	112	34	0.21	0.21	NUM
ajeer-259	112	35	55.76	55.76	NUM
ajeer-259	112	36	korea	korea	PROPN
ajeer-259	112	37	zinc	zinc	PROPN
ajeer-259	112	38	co.	co.	PROPN
ajeer-259	112	39	,	,	PUNCT
ajeer-259	112	40	ltd	ltd	PROPN
ajeer-259	112	41	.	.	PROPN
ajeer-259	112	42	9,180,255	9,180,255	NUM
ajeer-259	112	43	0.57	0.57	NUM
ajeer-259	112	44	18,870,000	18,870,000	NUM
ajeer-259	112	45	0.04	0.04	NUM
ajeer-259	112	46	24.21	24.21	NUM
ajeer-259	112	47	hyundai	hyundai	PROPN
ajeer-259	112	48	steel	steel	NOUN
ajeer-259	112	49	company	company	NOUN
ajeer-259	112	50	8,006,747	8,006,747	NUM
ajeer-259	112	51	0.5	0.5	NUM
ajeer-259	112	52	133,445,785	133,445,785	NUM
ajeer-259	112	53	0.32	0.32	NUM
ajeer-259	112	54	24.91	24.91	NUM
ajeer-259	112	55	dongkuk	dongkuk	PROPN
ajeer-259	112	56	steel	steel	PROPN
ajeer-259	112	57	mill	mill	NOUN
ajeer-259	112	58	company	company	NOUN
ajeer-259	112	59	limited	limit	VERB
ajeer-259	112	60	1,068,847	1,068,847	NUM
ajeer-259	112	61	0.07	0.07	NUM
ajeer-259	112	62	95,432,737	95,432,737	NUM
ajeer-259	112	63	0.23	0.23	NUM
ajeer-259	112	64	29.81	29.81	NUM
ajeer-259	112	65	medical	medical	ADJ
ajeer-259	112	66	supplies	supply	NOUN
ajeer-259	112	67	hanmi	hanmi	PROPN
ajeer-259	112	68	pharm	pharm	PROPN
ajeer-259	112	69	.	.	PUNCT
ajeer-259	113	1	co.	co.	PROPN
ajeer-259	113	2	,	,	PUNCT
ajeer-259	113	3	ltd	ltd	PROPN
ajeer-259	113	4	6,352,004	6,352,004	NUM
ajeer-259	113	5	0.4	0.4	NUM
ajeer-259	113	6	11,163,452	11,163,452	NUM
ajeer-259	113	7	0.03	0.03	NUM
ajeer-259	113	8	12.34	12.34	NUM
ajeer-259	113	9	yuhan	yuhan	ADP
ajeer-259	113	10	corporation	corporation	NOUN
ajeer-259	113	11	2,566,497	2,566,497	NUM
ajeer-259	113	12	0.16	0.16	NUM
ajeer-259	113	13	11,665,896	11,665,896	NUM
ajeer-259	113	14	0.03	0.03	NUM
ajeer-259	113	15	24.47	24.47	NUM
ajeer-259	113	16	green	green	PROPN
ajeer-259	113	17	cross	cross	NOUN
ajeer-259	113	18	corporation	corporation	PROPN
ajeer-259	113	19	2,512,606	2,512,606	NUM
ajeer-259	113	20	0.16	0.16	NUM
ajeer-259	113	21	11,686,538	11,686,538	NUM
ajeer-259	113	22	0.03	0.03	NUM
ajeer-259	113	23	25.94	25.94	NUM
ajeer-259	113	24	daewoong	daewoong	PROPN
ajeer-259	113	25	pharmaceutical	pharmaceutical	PROPN
ajeer-259	113	26	co.	co.	PROPN
ajeer-259	113	27	,	,	PUNCT
ajeer-259	113	28	ltd	ltd	PROPN
ajeer-259	113	29	.	.	PROPN
ajeer-259	113	30	1,575,774	1,575,774	NUM
ajeer-259	113	31	0.1	0.1	NUM
ajeer-259	113	32	11,586,575	11,586,575	NUM
ajeer-259	113	33	0.03	0.03	NUM
ajeer-259	113	34	5.93	5.93	NUM
ajeer-259	113	35	machinery	machinery	NOUN
ajeer-259	113	36	hanon	hanon	NOUN
ajeer-259	113	37	systems	system	NOUN
ajeer-259	113	38	7,046,160	7,046,160	NUM
ajeer-259	113	39	0.44	0.44	NUM
ajeer-259	113	40	533,800,000	533,800,000	NUM
ajeer-259	113	41	1.26	1.26	NUM
ajeer-259	113	42	19.53	19.53	NUM
ajeer-259	113	43	doosan	doosan	PROPN
ajeer-259	113	44	infracore	infracore	PROPN
ajeer-259	113	45	co.	co.	PROPN
ajeer-259	113	46	,	,	PUNCT
ajeer-259	113	47	ltd	ltd	PROPN
ajeer-259	113	48	.	.	PROPN
ajeer-259	113	49	1,842,780	1,842,780	NUM
ajeer-259	113	50	0.11	0.11	NUM
ajeer-259	113	51	207,520,257	207,520,257	NUM
ajeer-259	113	52	0.49	0.49	NUM
ajeer-259	113	53	11.3	11.3	NUM
ajeer-259	113	54	doosan	doosan	PROPN
ajeer-259	113	55	heavy	heavy	ADJ
ajeer-259	113	56	industries	industry	NOUN
ajeer-259	113	57	&	&	CCONJ
ajeer-259	113	58	construction	construction	PROPN
ajeer-259	113	59	co.	co.	PROPN
ajeer-259	113	60	,	,	PUNCT
ajeer-259	113	61	ltd	ltd	PROPN
ajeer-259	113	62	.	.	PROPN
ajeer-259	113	63	1,745,973	1,745,973	NUM
ajeer-259	113	64	0.11	0.11	NUM
ajeer-259	113	65	106,461,787	106,461,787	NUM
ajeer-259	113	66	0.25	0.25	NUM
ajeer-259	113	67	8.25	8.25	NUM
ajeer-259	113	68	hyundai	hyundai	PROPN
ajeer-259	113	69	elevator	elevator	PROPN
ajeer-259	113	70	co.	co.	PROPN
ajeer-259	113	71	,	,	PUNCT
ajeer-259	113	72	ltd	ltd	PROPN
ajeer-259	113	73	.	.	PROPN
ajeer-259	113	74	1,298,133	1,298,133	NUM
ajeer-259	113	75	0.08	0.08	NUM
ajeer-259	113	76	24,632,513	24,632,513	NUM
ajeer-259	113	77	0.06	0.06	NUM
ajeer-259	113	78	32.86	32.86	NUM
ajeer-259	113	79	foods	food	NOUN
ajeer-259	113	80	&	&	CCONJ
ajeer-259	113	81	beverages	beverages	PROPN
ajeer-259	113	82	cj	cj	PROPN
ajeer-259	113	83	cheiljedang	cheiljedang	PROPN
ajeer-259	113	84	corporation	corporation	PROPN
ajeer-259	113	85	5,280,768	5,280,768	NUM
ajeer-259	113	86	0.33	0.33	NUM
ajeer-259	113	87	13,168,998	13,168,998	NUM
ajeer-259	113	88	0.03	0.03	NUM
ajeer-259	113	89	27.62	27.62	NUM
ajeer-259	113	90	ottogi	ottogi	PROPN
ajeer-259	113	91	corporation	corporation	NOUN
ajeer-259	113	92	2,731,360	2,731,360	NUM
ajeer-259	113	93	0.17	0.17	NUM
ajeer-259	113	94	3,440,000	3,440,000	NUM
ajeer-259	113	95	0.01	0.01	NUM
ajeer-259	113	96	18.7	18.7	NUM
ajeer-259	113	97	nongshim	nongshim	PROPN
ajeer-259	113	98	co.	co.	PROPN
ajeer-259	113	99	,	,	PUNCT
ajeer-259	113	100	ltd	ltd	PROPN
ajeer-259	113	101	.	.	PROPN
ajeer-259	113	102	2,223,206	2,223,206	NUM
ajeer-259	113	103	0.14	0.14	NUM
ajeer-259	113	104	6,082,642	6,082,642	NUM
ajeer-259	113	105	0.01	0.01	NUM
ajeer-259	113	106	21.43	21.43	NUM
ajeer-259	113	107	samyang	samyang	PROPN
ajeer-259	113	108	corporation	corporation	NOUN
ajeer-259	113	109	986,792	986,792	NUM
ajeer-259	113	110	0.06	0.06	NUM
ajeer-259	113	111	10,289,803	10,289,803	NUM
ajeer-259	113	112	0.02	0.02	NUM
ajeer-259	113	113	3.94	3.94	NUM
ajeer-259	113	114	construction	construction	NOUN
ajeer-259	113	115	hyundai	hyundai	PROPN
ajeer-259	113	116	engineering	engineering	PROPN
ajeer-259	113	117	&	&	CCONJ
ajeer-259	113	118	construction	construction	PROPN
ajeer-259	113	119	co.	co.	PROPN
ajeer-259	113	120	,	,	PUNCT
ajeer-259	113	121	ltd	ltd	PROPN
ajeer-259	113	122	.	.	PROPN
ajeer-259	113	123	3,903,020	3,903,020	NUM
ajeer-259	113	124	0.24	0.24	NUM
ajeer-259	113	125	111,355,765	111,355,765	NUM
ajeer-259	113	126	0.26	0.26	NUM
ajeer-259	113	127	29.5	29.5	NUM
ajeer-259	113	128	daelim	daelim	PROPN
ajeer-259	113	129	industrial	industrial	PROPN
ajeer-259	113	130	co.	co.	PROPN
ajeer-259	113	131	,	,	PUNCT
ajeer-259	113	132	ltd	ltd	PROPN
ajeer-259	113	133	.	.	PROPN
ajeer-259	113	134	2,877,960	2,877,960	NUM
ajeer-259	113	135	0.18	0.18	NUM
ajeer-259	113	136	34,800,000	34,800,000	NUM
ajeer-259	113	137	0.08	0.08	NUM
ajeer-259	113	138	34.01	34.01	NUM
ajeer-259	113	139	daewoo	daewoo	PROPN
ajeer-259	113	140	engineering	engineering	PROPN
ajeer-259	113	141	&	&	CCONJ
ajeer-259	113	142	construction	construction	PROPN
ajeer-259	113	143	co.	co.	PROPN
ajeer-259	113	144	,	,	PUNCT
ajeer-259	113	145	ltd	ltd	PROPN
ajeer-259	113	146	.	.	PROPN
ajeer-259	113	147	2,331,643	2,331,643	NUM
ajeer-259	113	148	0.15	0.15	NUM
ajeer-259	113	149	415,622,638	415,622,638	NUM
ajeer-259	113	150	0.98	0.98	NUM
ajeer-259	113	151	12.34	12.34	NUM
ajeer-259	113	152	gs	gs	NOUN
ajeer-259	113	153	engineering	engineering	PROPN
ajeer-259	113	154	&	&	CCONJ
ajeer-259	113	155	construction	construction	PROPN
ajeer-259	113	156	corporation	corporation	NOUN
ajeer-259	113	157	1,953,150	1,953,150	NUM
ajeer-259	113	158	0.12	0.12	NUM
ajeer-259	113	159	71,675,237	71,675,237	NUM
ajeer-259	113	160	0.17	0.17	NUM
ajeer-259	113	161	11.6	11.6	NUM
ajeer-259	113	162	electricity	electricity	NOUN
ajeer-259	113	163	&	&	CCONJ
ajeer-259	113	164	gas	gas	PROPN
ajeer-259	113	165	korea	korea	PROPN
ajeer-259	113	166	electric	electric	PROPN
ajeer-259	113	167	power	power	PROPN
ajeer-259	113	168	corporation	corporation	PROPN
ajeer-259	113	169	24,073,653	24,073,653	NUM
ajeer-259	113	170	1.5	1.5	NUM
ajeer-259	113	171	641,964,077	641,964,077	NUM
ajeer-259	113	172	1.52	1.52	NUM
ajeer-259	113	173	31.15	31.15	NUM
ajeer-259	113	174	korea	korea	PROPN
ajeer-259	113	175	gas	gas	PROPN
ajeer-259	113	176	corporation	corporation	NOUN
ajeer-259	113	177	4,084,850	4,084,850	NUM
ajeer-259	113	178	0.25	0.25	NUM
ajeer-259	113	179	92,313,000	92,313,000	NUM
ajeer-259	113	180	0.22	0.22	NUM
ajeer-259	113	181	10.15	10.15	NUM
ajeer-259	113	182	communication	communication	NOUN
ajeer-259	113	183	sk	sk	PROPN
ajeer-259	113	184	telecom	telecom	PROPN
ajeer-259	113	185	co.	co.	PROPN
ajeer-259	113	186	,	,	PUNCT
ajeer-259	113	187	ltd	ltd	PROPN
ajeer-259	113	188	.	.	PROPN
ajeer-259	113	189	21,316,868	21,316,868	NUM
ajeer-259	113	190	1.33	1.33	NUM
ajeer-259	113	191	80,745,711	80,745,711	NUM
ajeer-259	113	192	0.19	0.19	NUM
ajeer-259	113	193	41.78	41.78	NUM
ajeer-259	113	194	kt	kt	PROPN
ajeer-259	113	195	corporation	corporation	NOUN
ajeer-259	113	196	7,950,855	7,950,855	NUM
ajeer-259	113	197	0.49	0.49	NUM
ajeer-259	113	198	261,111,808	261,111,808	NUM
ajeer-259	113	199	0.62	0.62	NUM
ajeer-259	113	200	49	49	NUM
ajeer-259	113	201	transport	transport	NOUN
ajeer-259	113	202	&	&	CCONJ
ajeer-259	113	203	storage	storage	PROPN
ajeer-259	113	204	hyundai	hyundai	PROPN
ajeer-259	113	205	glovis	glovis	PROPN
ajeer-259	113	206	co.	co.	PROPN
ajeer-259	113	207	,	,	PUNCT
ajeer-259	113	208	ltd	ltd	PROPN
ajeer-259	113	209	.	.	PROPN
ajeer-259	113	210	5,493,750	5,493,750	NUM
ajeer-259	113	211	0.34	0.34	NUM
ajeer-259	113	212	37,500,000	37,500,000	NUM
ajeer-259	113	213	0.09	0.09	NUM
ajeer-259	113	214	32.18	32.18	NUM
ajeer-259	113	215	korean	korean	ADJ
ajeer-259	113	216	air	air	PROPN
ajeer-259	113	217	lines	lines	PROPN
ajeer-259	113	218	co.	co.	PROPN
ajeer-259	113	219	,	,	PUNCT
ajeer-259	113	220	ltd	ltd	PROPN
ajeer-259	113	221	.	.	PROPN
ajeer-259	113	222	2,973,379	2,973,379	NUM
ajeer-259	113	223	0.19	0.19	NUM
ajeer-259	113	224	94,844,634	94,844,634	NUM
ajeer-259	113	225	0.22	0.22	NUM
ajeer-259	113	226	16.06	16.06	NUM
ajeer-259	113	227	textile	textile	NOUN
ajeer-259	113	228	&	&	CCONJ
ajeer-259	113	229	wearing	wear	VERB
ajeer-259	113	230	apparel	apparel	NOUN
ajeer-259	113	231	lf	lf	PROPN
ajeer-259	113	232	corp	corp	PROPN
ajeer-259	113	233	.	.	PROPN
ajeer-259	113	234	897,668	897,668	NUM
ajeer-259	113	235	0.06	0.06	NUM
ajeer-259	113	236	29,240,000	29,240,000	NUM
ajeer-259	113	237	0.07	0.07	NUM
ajeer-259	113	238	37.73	37.73	NUM
ajeer-259	113	239	non	non	ADJ
ajeer-259	113	240	-	-	ADJ
ajeer-259	113	241	metallic	metallic	ADJ
ajeer-259	113	242	mineral	mineral	NOUN
ajeer-259	113	243	products	product	NOUN
ajeer-259	113	244	ssangyong	ssangyong	NOUN
ajeer-259	113	245	cement	cement	PROPN
ajeer-259	113	246	industrial	industrial	PROPN
ajeer-259	113	247	co.	co.	PROPN
ajeer-259	113	248	,	,	PUNCT
ajeer-259	113	249	ltd	ltd	PROPN
ajeer-259	113	250	.	.	PROPN
ajeer-259	113	251	2,055,747	2,055,747	NUM
ajeer-259	113	252	0.13	0.13	NUM
ajeer-259	113	253	100,771,919	100,771,919	NUM
ajeer-259	113	254	0.24	0.24	NUM
ajeer-259	113	255	3.73	3.73	NUM
ajeer-259	113	256	other	other	ADJ
ajeer-259	113	257	manufacture	manufacture	NOUN
ajeer-259	113	258	kt&g	kt&g	PROPN
ajeer-259	113	259	corporation	corporation	NOUN
ajeer-259	113	260	16,749,685	16,749,685	NUM
ajeer-259	113	261	1.04	1.04	NUM
ajeer-259	113	262	137,292,497	137,292,497	NUM
ajeer-259	113	263	0.32	0.32	NUM
ajeer-259	113	264	53.24	53.24	NUM
ajeer-259	113	265	total	total	NOUN
ajeer-259	113	266	902,004,316	902,004,316	NUM
ajeer-259	113	267	56.13	56.13	NUM
ajeer-259	113	268	10,633,963,390	10,633,963,390	NUM
ajeer-259	113	269	25.13	25.13	NUM
ajeer-259	113	270	source	source	NOUN
ajeer-259	113	271	:	:	PUNCT
ajeer-259	113	272	korea	korea	PROPN
ajeer-259	113	273	exchange	exchange	PROPN
ajeer-259	113	274	website	website	NOUN
ajeer-259	113	275	(	(	PUNCT
ajeer-259	113	276	http://www.krx.co.kr/main/main.jsp	http://www.krx.co.kr/main/main.jsp	PROPN
ajeer-259	113	277	)	)	PUNCT
ajeer-259	113	278	asian	asian	ADJ
ajeer-259	113	279	journal	journal	NOUN
ajeer-259	113	280	of	of	ADP
ajeer-259	113	281	economics	economic	NOUN
ajeer-259	113	282	and	and	CCONJ
ajeer-259	113	283	empirical	empirical	ADJ
ajeer-259	113	284	research	research	NOUN
ajeer-259	113	285	,	,	PUNCT
ajeer-259	113	286	2018	2018	NUM
ajeer-259	113	287	,	,	PUNCT
ajeer-259	113	288	5(2	5(2	NUM
ajeer-259	113	289	):	):	PUNCT
ajeer-259	113	290	191	191	NUM
ajeer-259	113	291	-	-	SYM
ajeer-259	113	292	200	200	NUM
ajeer-259	113	293	196	196	NUM
ajeer-259	113	294	out	out	ADP
ajeer-259	113	295	of	of	ADP
ajeer-259	113	296	60	60	NUM
ajeer-259	113	297	stocks	stock	NOUN
ajeer-259	113	298	,	,	PUNCT
ajeer-259	113	299	daily	daily	ADJ
ajeer-259	113	300	returns	return	NOUN
ajeer-259	113	301	of	of	ADP
ajeer-259	113	302	19	19	NUM
ajeer-259	113	303	stocks	stock	NOUN
ajeer-259	113	304	have	have	VERB
ajeer-259	113	305	negative	negative	ADJ
ajeer-259	113	306	skewness	skewness	NOUN
ajeer-259	113	307	with	with	ADP
ajeer-259	113	308	distributions	distribution	NOUN
ajeer-259	113	309	skewed	skew	VERB
ajeer-259	113	310	to	to	ADP
ajeer-259	113	311	the	the	DET
ajeer-259	113	312	right	right	NOUN
ajeer-259	113	313	.	.	PUNCT
ajeer-259	114	1	skewness	skewness	NOUN
ajeer-259	114	2	measures	measure	VERB
ajeer-259	114	3	how	how	SCONJ
ajeer-259	114	4	symmetric	symmetric	ADJ
ajeer-259	114	5	the	the	DET
ajeer-259	114	6	observations	observation	NOUN
ajeer-259	114	7	are	be	AUX
ajeer-259	114	8	around	around	ADP
ajeer-259	114	9	the	the	DET
ajeer-259	114	10	mean	mean	NOUN
ajeer-259	114	11	.	.	PUNCT
ajeer-259	115	1	for	for	ADP
ajeer-259	115	2	a	a	DET
ajeer-259	115	3	normal	normal	ADJ
ajeer-259	115	4	distribution	distribution	NOUN
ajeer-259	115	5	,	,	PUNCT
ajeer-259	115	6	the	the	DET
ajeer-259	115	7	skewness	skewness	NOUN
ajeer-259	115	8	is	be	AUX
ajeer-259	115	9	0	0	NUM
ajeer-259	115	10	.	.	PUNCT
ajeer-259	116	1	kurtosis	kurtosis	VERB
ajeer-259	116	2	coefficients	coefficient	NOUN
ajeer-259	116	3	of	of	ADP
ajeer-259	116	4	all	all	DET
ajeer-259	116	5	stock	stock	NOUN
ajeer-259	116	6	returns	return	NOUN
ajeer-259	116	7	are	be	AUX
ajeer-259	116	8	greater	great	ADJ
ajeer-259	116	9	than	than	ADP
ajeer-259	116	10	3	3	NUM
ajeer-259	116	11	,	,	PUNCT
ajeer-259	116	12	indicating	indicate	VERB
ajeer-259	116	13	the	the	DET
ajeer-259	116	14	leptokurtosis	leptokurtosis	NOUN
ajeer-259	116	15	characteristics	characteristic	NOUN
ajeer-259	116	16	with	with	ADP
ajeer-259	116	17	fat	fat	ADJ
ajeer-259	116	18	-	-	PUNCT
ajeer-259	116	19	tailed	tail	VERB
ajeer-259	116	20	distributions	distribution	NOUN
ajeer-259	116	21	.	.	PUNCT
ajeer-259	117	1	as	as	ADP
ajeer-259	117	2	a	a	DET
ajeer-259	117	3	result	result	NOUN
ajeer-259	117	4	,	,	PUNCT
ajeer-259	117	5	all	all	DET
ajeer-259	117	6	data	datum	NOUN
ajeer-259	117	7	are	be	AUX
ajeer-259	117	8	not	not	PART
ajeer-259	117	9	believed	believe	VERB
ajeer-259	117	10	to	to	PART
ajeer-259	117	11	be	be	AUX
ajeer-259	117	12	normally	normally	ADV
ajeer-259	117	13	distributed	distribute	VERB
ajeer-259	117	14	,	,	PUNCT
ajeer-259	117	15	which	which	PRON
ajeer-259	117	16	can	can	AUX
ajeer-259	117	17	be	be	AUX
ajeer-259	117	18	also	also	ADV
ajeer-259	117	19	confirmed	confirm	VERB
ajeer-259	117	20	by	by	ADP
ajeer-259	117	21	the	the	DET
ajeer-259	117	22	jarque	jarque	NOUN
ajeer-259	117	23	-	-	PUNCT
ajeer-259	117	24	bera	bera	NOUN
ajeer-259	117	25	test	test	NOUN
ajeer-259	117	26	for	for	ADP
ajeer-259	117	27	normality	normality	NOUN
ajeer-259	117	28	.	.	PUNCT
ajeer-259	118	1	table-3	table-3	NUM
ajeer-259	118	2	.	.	PUNCT
ajeer-259	118	3	descriptive	descriptive	ADJ
ajeer-259	118	4	statistics	statistic	NOUN
ajeer-259	118	5	for	for	ADP
ajeer-259	118	6	daily	daily	ADJ
ajeer-259	118	7	returns	return	NOUN
ajeer-259	118	8	of	of	ADP
ajeer-259	118	9	index	index	NOUN
ajeer-259	118	10	and	and	CCONJ
ajeer-259	118	11	stocks	stock	NOUN
ajeer-259	118	12	company	company	NOUN
ajeer-259	118	13	mean	mean	VERB
ajeer-259	118	14	std	std	PROPN
ajeer-259	118	15	.	.	PROPN
ajeer-259	119	1	dev	dev	PROPN
ajeer-259	119	2	.	.	PROPN
ajeer-259	119	3	skewness	skewness	PROPN
ajeer-259	119	4	kurtosis	kurtosis	VERB
ajeer-259	119	5	jarque	jarque	NOUN
ajeer-259	119	6	-	-	PUNCT
ajeer-259	119	7	bera	bera	NOUN
ajeer-259	119	8	prob	prob	NOUN
ajeer-259	119	9	obs	obs	PROPN
ajeer-259	119	10	kopsi	kopsi	PROPN
ajeer-259	119	11	0.000209	0.000209	NUM
ajeer-259	119	12	0.007677	0.007677	NUM
ajeer-259	119	13	-0.13721	-0.13721	NOUN
ajeer-259	119	14	4.722613	4.722613	NUM
ajeer-259	119	15	184.8443	184.8443	NUM
ajeer-259	119	16	0	0	NUM
ajeer-259	119	17	1458	1458	NUM
ajeer-259	119	18	samsunglife	samsunglife	NOUN
ajeer-259	120	1	0.000319	0.000319	NUM
ajeer-259	120	2	0.015837	0.015837	NUM
ajeer-259	120	3	0.315095	0.315095	NUM
ajeer-259	120	4	6.543054	6.543054	NUM
ajeer-259	120	5	786.7352	786.7352	NUM
ajeer-259	120	6	0	0	SYM
ajeer-259	120	7	1458	1458	NUM
ajeer-259	120	8	kbfin	kbfin	NOUN
ajeer-259	120	9	0.000347	0.000347	NUM
ajeer-259	120	10	0.015533	0.015533	NUM
ajeer-259	120	11	0.214527	0.214527	NUM
ajeer-259	120	12	3.750836	3.750836	NUM
ajeer-259	120	13	45.4314	45.4314	NUM
ajeer-259	120	14	0	0	NUM
ajeer-259	120	15	1458	1458	NUM
ajeer-259	120	16	shinhanfin	shinhanfin	NOUN
ajeer-259	120	17	0.000138	0.000138	NUM
ajeer-259	120	18	0.01563	0.01563	NUM
ajeer-259	120	19	0.28115	0.28115	NUM
ajeer-259	121	1	4.330016	4.330016	NUM
ajeer-259	121	2	126.6713	126.6713	NUM
ajeer-259	121	3	0	0	NUM
ajeer-259	121	4	1458	1458	NUM
ajeer-259	121	5	wooribk	wooribk	VERB
ajeer-259	121	6	0.000382	0.000382	NUM
ajeer-259	121	7	0.018427	0.018427	NUM
ajeer-259	121	8	0.189501	0.189501	NUM
ajeer-259	121	9	8.17524	8.17524	NUM
ajeer-259	121	10	1635.8	1635.8	NUM
ajeer-259	121	11	0	0	NUM
ajeer-259	121	12	1458	1458	NUM
ajeer-259	121	13	miraeasset	miraeasset	NOUN
ajeer-259	121	14	-6.66e-06	-6.66e-06	NOUN
ajeer-259	121	15	0.020966	0.020966	NUM
ajeer-259	121	16	0.392167	0.392167	NUM
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ajeer-259	122	5	hyosung	hyosung	NOUN
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ajeer-259	122	13	hankookcos	hankookcos	PROPN
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ajeer-259	122	21	naver	naver	NOUN
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ajeer-259	122	56	-0.096618	-0.096618	NOUN
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ajeer-259	122	61	e	e	X
ajeer-259	122	62	-	-	NOUN
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ajeer-259	133	6	0.000275	0.000275	NUM
ajeer-259	133	7	0.016796	0.016796	NUM
ajeer-259	133	8	-0.039169	-0.039169	NOUN
ajeer-259	134	1	4.918855	4.918855	NUM
ajeer-259	134	2	224.0545	224.0545	NUM
ajeer-259	134	3	0	0	NUM
ajeer-259	134	4	1458	1458	NUM
ajeer-259	134	5	koreagas	koreagas	PROPN
ajeer-259	134	6	7.50e-05	7.50e-05	NUM
ajeer-259	134	7	0.019372	0.019372	NUM
ajeer-259	134	8	0.426826	0.426826	NUM
ajeer-259	134	9	4.926668	4.926668	NUM
ajeer-259	134	10	269.7768	269.7768	NUM
ajeer-259	134	11	0	0	NUM
ajeer-259	134	12	1458	1458	NUM
ajeer-259	134	13	sktelecom	sktelecom	NOUN
ajeer-259	134	14	0.000438	0.000438	NUM
ajeer-259	134	15	0.01565	0.01565	NUM
ajeer-259	134	16	0.102381	0.102381	NUM
ajeer-259	134	17	4.033367	4.033367	NUM
ajeer-259	134	18	67.41883	67.41883	NUM
ajeer-259	134	19	0	0	NUM
ajeer-259	134	20	1458	1458	NUM
ajeer-259	134	21	kt	kt	PROPN
ajeer-259	134	22	-0.000103	-0.000103	PROPN
ajeer-259	134	23	0.012309	0.012309	NUM
ajeer-259	134	24	0.273508	0.273508	NUM
ajeer-259	134	25	6.3605	6.3605	NUM
ajeer-259	134	26	704.2254	704.2254	NUM
ajeer-259	134	27	0	0	NUM
ajeer-259	134	28	1458	1458	NUM
ajeer-259	134	29	hyundaiglovis	hyundaiglovis	NOUN
ajeer-259	134	30	-0.000178	-0.000178	PROPN
ajeer-259	134	31	0.021283	0.021283	NUM
ajeer-259	134	32	-0.298002	-0.298002	NOUN
ajeer-259	135	1	7.681086	7.681086	NUM
ajeer-259	135	2	1352.768	1352.768	NUM
ajeer-259	135	3	0	0	NUM
ajeer-259	135	4	1458	1458	NUM
ajeer-259	135	5	kal	kal	PROPN
ajeer-259	135	6	-0.000223	-0.000223	NOUN
ajeer-259	135	7	0.021332	0.021332	NUM
ajeer-259	135	8	0.512896	0.512896	NUM
ajeer-259	135	9	7.454483	7.454483	NUM
ajeer-259	135	10	1269.351	1269.351	NOUN
ajeer-259	135	11	0	0	NUM
ajeer-259	135	12	1458	1458	NUM
ajeer-259	135	13	lfcorp	lfcorp	PROPN
ajeer-259	135	14	-0.000203	-0.000203	VERB
ajeer-259	135	15	0.018534	0.018534	NUM
ajeer-259	135	16	0.132134	0.132134	NUM
ajeer-259	135	17	5.45836	5.45836	NUM
ajeer-259	135	18	371.3873	371.3873	NUM
ajeer-259	135	19	0	0	NUM
ajeer-259	135	20	1458	1458	NUM
ajeer-259	135	21	ssangyongcement	ssangyongcement	NOUN
ajeer-259	135	22	0.001279	0.001279	NUM
ajeer-259	135	23	0.028079	0.028079	NUM
ajeer-259	135	24	1.300272	1.300272	NUM
ajeer-259	135	25	17.79263	17.79263	NUM
ajeer-259	135	26	13704.27	13704.27	NUM
ajeer-259	135	27	0	0	NUM
ajeer-259	135	28	1458	1458	NUM
ajeer-259	135	29	kt&g	kt&g	PROPN
ajeer-259	135	30	0.000295	0.000295	NUM
ajeer-259	135	31	0.016533	0.016533	NUM
ajeer-259	135	32	-0.087064	-0.087064	NOUN
ajeer-259	135	33	3.840069	3.840069	NUM
ajeer-259	135	34	44.7142	44.7142	NUM
ajeer-259	135	35	0	0	NUM
ajeer-259	135	36	1458	1458	NUM
ajeer-259	135	37	average	average	NOUN
ajeer-259	135	38	of	of	ADP
ajeer-259	135	39	stocks	stock	NOUN
ajeer-259	135	40	0.000115	0.000115	NUM
ajeer-259	135	41	0.021640	0.021640	NUM
ajeer-259	135	42	(	(	PUNCT
ajeer-259	135	43	15	15	NUM
ajeer-259	135	44	%	%	NOUN
ajeer-259	135	45	regime	regime	NOUN
ajeer-259	135	46	average	average	NOUN
ajeer-259	135	47	)	)	PUNCT
ajeer-259	135	48	0.000113	0.000113	NUM
ajeer-259	135	49	0.021322	0.021322	NUM
ajeer-259	135	50	(	(	PUNCT
ajeer-259	135	51	30	30	NUM
ajeer-259	135	52	%	%	NOUN
ajeer-259	135	53	regime	regime	NOUN
ajeer-259	135	54	average	average	NOUN
ajeer-259	135	55	)	)	PUNCT
ajeer-259	135	56	0.000117	0.000117	NUM
ajeer-259	135	57	0.021876	0.021876	NUM
ajeer-259	135	58	source	source	NOUN
ajeer-259	135	59	:	:	PUNCT
ajeer-259	135	60	outcome	outcome	NOUN
ajeer-259	135	61	from	from	ADP
ajeer-259	135	62	eviews	eviews	PROPN
ajeer-259	135	63	7	7	NUM
ajeer-259	135	64	4	4	NUM
ajeer-259	135	65	.	.	PUNCT
ajeer-259	136	1	empirical	empirical	ADJ
ajeer-259	136	2	results	result	NOUN
ajeer-259	136	3	in	in	ADP
ajeer-259	136	4	order	order	NOUN
ajeer-259	136	5	to	to	PART
ajeer-259	136	6	investigate	investigate	VERB
ajeer-259	136	7	the	the	DET
ajeer-259	136	8	stock	stock	NOUN
ajeer-259	136	9	market	market	NOUN
ajeer-259	136	10	efficiency	efficiency	NOUN
ajeer-259	136	11	in	in	ADP
ajeer-259	136	12	korea	korea	PROPN
ajeer-259	136	13	,	,	PUNCT
ajeer-259	136	14	the	the	DET
ajeer-259	136	15	variance	variance	NOUN
ajeer-259	136	16	ratio	ratio	NOUN
ajeer-259	136	17	tests	test	NOUN
ajeer-259	136	18	are	be	AUX
ajeer-259	136	19	performed	perform	VERB
ajeer-259	136	20	,	,	PUNCT
ajeer-259	136	21	using	use	VERB
ajeer-259	136	22	eviews	eviews	PROPN
ajeer-259	136	23	statistical	statistical	ADJ
ajeer-259	136	24	package	package	NOUN
ajeer-259	136	25	,	,	PUNCT
ajeer-259	136	26	to	to	PART
ajeer-259	136	27	test	test	VERB
ajeer-259	136	28	the	the	DET
ajeer-259	136	29	random	random	ADJ
ajeer-259	136	30	walk	walk	NOUN
ajeer-259	136	31	hypothesis	hypothesis	NOUN
ajeer-259	136	32	for	for	ADP
ajeer-259	136	33	the	the	DET
ajeer-259	136	34	daily	daily	ADJ
ajeer-259	136	35	return	return	NOUN
ajeer-259	136	36	data	datum	NOUN
ajeer-259	136	37	of	of	ADP
ajeer-259	136	38	the	the	DET
ajeer-259	136	39	index	index	NOUN
ajeer-259	136	40	and	and	CCONJ
ajeer-259	136	41	60	60	NUM
ajeer-259	136	42	stock	stock	NOUN
ajeer-259	136	43	prices	price	NOUN
ajeer-259	136	44	for	for	ADP
ajeer-259	136	45	the	the	DET
ajeer-259	136	46	two	two	NUM
ajeer-259	136	47	periods	period	NOUN
ajeer-259	136	48	of	of	ADP
ajeer-259	136	49	the	the	DET
ajeer-259	136	50	different	different	ADJ
ajeer-259	136	51	price	price	NOUN
ajeer-259	136	52	limits	limit	NOUN
ajeer-259	136	53	regimes	regime	NOUN
ajeer-259	136	54	.	.	PUNCT
ajeer-259	137	1	the	the	DET
ajeer-259	137	2	test	test	NOUN
ajeer-259	137	3	periods	period	NOUN
ajeer-259	137	4	are	be	AUX
ajeer-259	137	5	based	base	VERB
ajeer-259	137	6	on	on	ADP
ajeer-259	137	7	5	5	NUM
ajeer-259	137	8	observations	observation	NOUN
ajeer-259	137	9	per	per	ADP
ajeer-259	137	10	week	week	NOUN
ajeer-259	137	11	and	and	CCONJ
ajeer-259	137	12	five	five	NUM
ajeer-259	137	13	intervals	interval	NOUN
ajeer-259	137	14	are	be	AUX
ajeer-259	137	15	set	set	VERB
ajeer-259	137	16	as	as	ADP
ajeer-259	137	17	“	"	PUNCT
ajeer-259	137	18	2	2	NUM
ajeer-259	137	19	,	,	PUNCT
ajeer-259	137	20	5	5	NUM
ajeer-259	137	21	,	,	PUNCT
ajeer-259	137	22	10	10	NUM
ajeer-259	137	23	,	,	PUNCT
ajeer-259	137	24	15	15	NUM
ajeer-259	137	25	,	,	PUNCT
ajeer-259	137	26	20	20	NUM
ajeer-259	137	27	”	"	PUNCT
ajeer-259	137	28	,	,	PUNCT
ajeer-259	137	29	spanning	span	VERB
ajeer-259	137	30	four	four	NUM
ajeer-259	137	31	weeks	week	NOUN
ajeer-259	137	32	following	follow	VERB
ajeer-259	137	33	(	(	PUNCT
ajeer-259	137	34	ryoo	ryoo	NOUN
ajeer-259	137	35	and	and	CCONJ
ajeer-259	137	36	smith	smith	PROPN
ajeer-259	137	37	,	,	PUNCT
ajeer-259	137	38	2002	2002	NUM
ajeer-259	137	39	)	)	PUNCT
ajeer-259	137	40	.	.	PUNCT
ajeer-259	138	1	additionally	additionally	ADV
ajeer-259	138	2	,	,	PUNCT
ajeer-259	138	3	the	the	DET
ajeer-259	138	4	multiple	multiple	ADJ
ajeer-259	138	5	variance	variance	NOUN
ajeer-259	138	6	ratio	ratio	NOUN
ajeer-259	138	7	tests	test	NOUN
ajeer-259	138	8	for	for	ADP
ajeer-259	138	9	the	the	DET
ajeer-259	138	10	five	five	NUM
ajeer-259	138	11	periods	period	NOUN
ajeer-259	138	12	are	be	AUX
ajeer-259	138	13	also	also	ADV
ajeer-259	138	14	carried	carry	VERB
ajeer-259	138	15	out	out	ADP
ajeer-259	138	16	to	to	PART
ajeer-259	138	17	jointly	jointly	ADV
ajeer-259	138	18	test	test	VERB
ajeer-259	138	19	the	the	DET
ajeer-259	138	20	null	null	ADJ
ajeer-259	138	21	asian	asian	ADJ
ajeer-259	138	22	journal	journal	NOUN
ajeer-259	138	23	of	of	ADP
ajeer-259	138	24	economics	economic	NOUN
ajeer-259	138	25	and	and	CCONJ
ajeer-259	138	26	empirical	empirical	ADJ
ajeer-259	138	27	research	research	NOUN
ajeer-259	138	28	,	,	PUNCT
ajeer-259	138	29	2018	2018	NUM
ajeer-259	138	30	,	,	PUNCT
ajeer-259	138	31	5(2	5(2	NUM
ajeer-259	138	32	):	):	PUNCT
ajeer-259	138	33	191	191	NUM
ajeer-259	138	34	-	-	SYM
ajeer-259	138	35	200	200	NUM
ajeer-259	138	36	197	197	NUM
ajeer-259	138	37	hypothesis	hypothesis	NOUN
ajeer-259	138	38	for	for	ADP
ajeer-259	138	39	the	the	DET
ajeer-259	138	40	multiple	multiple	ADJ
ajeer-259	138	41	individual	individual	ADJ
ajeer-259	138	42	periods	period	NOUN
ajeer-259	138	43	.	.	PUNCT
ajeer-259	139	1	since	since	SCONJ
ajeer-259	139	2	economic	economic	ADJ
ajeer-259	139	3	and	and	CCONJ
ajeer-259	139	4	financial	financial	ADJ
ajeer-259	139	5	time	time	NOUN
ajeer-259	139	6	series	series	PROPN
ajeer-259	139	7	data	datum	NOUN
ajeer-259	139	8	tend	tend	VERB
ajeer-259	139	9	to	to	PART
ajeer-259	139	10	have	have	VERB
ajeer-259	139	11	timevarying	timevarye	VERB
ajeer-259	139	12	volatilities	volatility	NOUN
ajeer-259	139	13	(	(	PUNCT
ajeer-259	139	14	lo	lo	NOUN
ajeer-259	139	15	and	and	CCONJ
ajeer-259	139	16	mackinlay	mackinlay	NOUN
ajeer-259	139	17	,	,	PUNCT
ajeer-259	139	18	1989	1989	NUM
ajeer-259	139	19	)	)	PUNCT
ajeer-259	139	20	the	the	DET
ajeer-259	139	21	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	139	22	robust	robust	ADJ
ajeer-259	139	23	random	random	ADJ
ajeer-259	139	24	walk	walk	NOUN
ajeer-259	139	25	process	process	NOUN
ajeer-259	139	26	is	be	AUX
ajeer-259	139	27	tested	test	VERB
ajeer-259	139	28	for	for	ADP
ajeer-259	139	29	the	the	DET
ajeer-259	139	30	index	index	NOUN
ajeer-259	139	31	and	and	CCONJ
ajeer-259	139	32	stock	stock	NOUN
ajeer-259	139	33	returns	return	NOUN
ajeer-259	139	34	.	.	PUNCT
ajeer-259	140	1	the	the	DET
ajeer-259	140	2	outputs	output	NOUN
ajeer-259	140	3	of	of	ADP
ajeer-259	140	4	the	the	DET
ajeer-259	140	5	multiple	multiple	ADJ
ajeer-259	140	6	tests	test	NOUN
ajeer-259	140	7	for	for	ADP
ajeer-259	140	8	the	the	DET
ajeer-259	140	9	index	index	NOUN
ajeer-259	140	10	return	return	NOUN
ajeer-259	140	11	(	(	PUNCT
ajeer-259	140	12	chow	chow	NOUN
ajeer-259	140	13	and	and	CCONJ
ajeer-259	140	14	denning	denning	NOUN
ajeer-259	140	15	,	,	PUNCT
ajeer-259	140	16	1993	1993	NUM
ajeer-259	140	17	)	)	PUNCT
ajeer-259	140	18	;	;	PUNCT
ajeer-259	140	19	(	(	PUNCT
ajeer-259	140	20	richardson	richardson	PROPN
ajeer-259	140	21	and	and	CCONJ
ajeer-259	140	22	smith	smith	PROPN
ajeer-259	140	23	,	,	PUNCT
ajeer-259	140	24	1991	1991	NUM
ajeer-259	140	25	)	)	PUNCT
ajeer-259	140	26	along	along	ADP
ajeer-259	140	27	with	with	ADP
ajeer-259	140	28	individual	individual	ADJ
ajeer-259	140	29	tests	test	NOUN
ajeer-259	140	30	,	,	PUNCT
ajeer-259	140	31	are	be	AUX
ajeer-259	140	32	presented	present	VERB
ajeer-259	140	33	in	in	ADP
ajeer-259	140	34	table	table	NOUN
ajeer-259	140	35	4	4	NUM
ajeer-259	140	36	.	.	PUNCT
ajeer-259	141	1	the	the	DET
ajeer-259	141	2	chow	chow	NOUN
ajeer-259	141	3	-	-	PUNCT
ajeer-259	141	4	denning	den	VERB
ajeer-259	141	5	multiple	multiple	ADJ
ajeer-259	141	6	tests	test	NOUN
ajeer-259	141	7	(	(	PUNCT
ajeer-259	141	8	expressed	express	VERB
ajeer-259	141	9	as	as	ADP
ajeer-259	141	10	joint	joint	ADJ
ajeer-259	141	11	tests	test	NOUN
ajeer-259	141	12	in	in	ADP
ajeer-259	141	13	table	table	NOUN
ajeer-259	141	14	4	4	NUM
ajeer-259	141	15	)	)	PUNCT
ajeer-259	141	16	are	be	AUX
ajeer-259	141	17	the	the	DET
ajeer-259	141	18	variance	variance	NOUN
ajeer-259	141	19	ratio	ratio	NOUN
ajeer-259	141	20	tests	test	NOUN
ajeer-259	141	21	of	of	ADP
ajeer-259	141	22	the	the	DET
ajeer-259	141	23	joint	joint	ADJ
ajeer-259	141	24	null	null	ADJ
ajeer-259	141	25	hypothesis	hypothesis	NOUN
ajeer-259	141	26	for	for	ADP
ajeer-259	141	27	five	five	NUM
ajeer-259	141	28	periods	period	NOUN
ajeer-259	141	29	,	,	PUNCT
ajeer-259	141	30	and	and	CCONJ
ajeer-259	141	31	the	the	DET
ajeer-259	141	32	variance	variance	NOUN
ajeer-259	141	33	ratio	ratio	NOUN
ajeer-259	141	34	tests	test	NOUN
ajeer-259	141	35	for	for	ADP
ajeer-259	141	36	each	each	DET
ajeer-259	141	37	individual	individual	ADJ
ajeer-259	141	38	periods	period	NOUN
ajeer-259	141	39	are	be	AUX
ajeer-259	141	40	reported	report	VERB
ajeer-259	141	41	at	at	ADP
ajeer-259	141	42	the	the	DET
ajeer-259	141	43	bottom	bottom	NOUN
ajeer-259	141	44	of	of	ADP
ajeer-259	141	45	the	the	DET
ajeer-259	141	46	table	table	NOUN
ajeer-259	141	47	(	(	PUNCT
ajeer-259	141	48	expressed	express	VERB
ajeer-259	141	49	as	as	ADP
ajeer-259	141	50	individual	individual	ADJ
ajeer-259	141	51	tests	test	NOUN
ajeer-259	141	52	)	)	PUNCT
ajeer-259	141	53	.	.	PUNCT
ajeer-259	142	1	the	the	DET
ajeer-259	142	2	maximum	maximum	ADJ
ajeer-259	142	3	|z|	|z|	PROPN
ajeer-259	142	4	statistic	statistic	NOUN
ajeer-259	142	5	of	of	ADP
ajeer-259	142	6	chow	chow	NOUN
ajeer-259	142	7	-	-	PUNCT
ajeer-259	142	8	denning	den	VERB
ajeer-259	142	9	tests	test	NOUN
ajeer-259	142	10	,	,	PUNCT
ajeer-259	142	11	defined	define	VERB
ajeer-259	142	12	as	as	ADP
ajeer-259	142	13	in	in	ADP
ajeer-259	142	14	equation	equation	NOUN
ajeer-259	142	15	(	(	PUNCT
ajeer-259	142	16	10	10	NUM
ajeer-259	142	17	)	)	PUNCT
ajeer-259	142	18	,	,	PUNCT
ajeer-259	142	19	under	under	ADP
ajeer-259	142	20	the	the	DET
ajeer-259	142	21	15	15	NUM
ajeer-259	142	22	%	%	NOUN
ajeer-259	142	23	price	price	NOUN
ajeer-259	142	24	limits	limit	NOUN
ajeer-259	142	25	regime	regime	NOUN
ajeer-259	142	26	is	be	AUX
ajeer-259	142	27	0.530	0.530	NUM
ajeer-259	142	28	and	and	CCONJ
ajeer-259	142	29	p	p	NOUN
ajeer-259	142	30	-	-	PUNCT
ajeer-259	142	31	value	value	NOUN
ajeer-259	142	32	is	be	AUX
ajeer-259	142	33	0.9893	0.9893	NUM
ajeer-259	142	34	.	.	PUNCT
ajeer-259	143	1	the	the	DET
ajeer-259	143	2	null	null	ADJ
ajeer-259	143	3	hypothesis	hypothesis	NOUN
ajeer-259	143	4	of	of	ADP
ajeer-259	143	5	a	a	DET
ajeer-259	143	6	random	random	ADJ
ajeer-259	143	7	walk	walk	NOUN
ajeer-259	143	8	can	can	AUX
ajeer-259	143	9	not	not	PART
ajeer-259	143	10	be	be	AUX
ajeer-259	143	11	rejected	reject	VERB
ajeer-259	143	12	.	.	PUNCT
ajeer-259	144	1	the	the	DET
ajeer-259	144	2	individual	individual	ADJ
ajeer-259	144	3	statistics	statistic	NOUN
ajeer-259	144	4	,	,	PUNCT
ajeer-259	144	5	defined	define	VERB
ajeer-259	144	6	as	as	ADP
ajeer-259	144	7	in	in	ADP
ajeer-259	144	8	equation	equation	NOUN
ajeer-259	144	9	(	(	PUNCT
ajeer-259	144	10	6	6	NUM
ajeer-259	144	11	)	)	PUNCT
ajeer-259	144	12	,	,	PUNCT
ajeer-259	144	13	for	for	ADP
ajeer-259	144	14	all	all	DET
ajeer-259	144	15	five	five	NUM
ajeer-259	144	16	periods	period	NOUN
ajeer-259	144	17	,	,	PUNCT
ajeer-259	144	18	also	also	ADV
ajeer-259	144	19	can	can	AUX
ajeer-259	144	20	not	not	PART
ajeer-259	144	21	reject	reject	VERB
ajeer-259	144	22	the	the	DET
ajeer-259	144	23	null	null	ADJ
ajeer-259	144	24	hypothesis	hypothesis	NOUN
ajeer-259	144	25	as	as	SCONJ
ajeer-259	144	26	p	p	NOUN
ajeer-259	144	27	-	-	PUNCT
ajeer-259	144	28	value	value	NOUN
ajeer-259	144	29	is	be	AUX
ajeer-259	144	30	significantly	significantly	ADV
ajeer-259	144	31	greater	great	ADJ
ajeer-259	144	32	than	than	ADP
ajeer-259	144	33	0.05	0.05	NUM
ajeer-259	144	34	.	.	PUNCT
ajeer-259	145	1	the	the	DET
ajeer-259	145	2	results	result	NOUN
ajeer-259	145	3	under	under	ADP
ajeer-259	145	4	the	the	DET
ajeer-259	145	5	30	30	NUM
ajeer-259	145	6	%	%	NOUN
ajeer-259	145	7	price	price	NOUN
ajeer-259	145	8	limits	limit	NOUN
ajeer-259	145	9	regime	regime	NOUN
ajeer-259	145	10	are	be	AUX
ajeer-259	145	11	reported	report	VERB
ajeer-259	145	12	in	in	ADP
ajeer-259	145	13	right	right	ADJ
ajeer-259	145	14	-	-	PUNCT
ajeer-259	145	15	hand	hand	NOUN
ajeer-259	145	16	side	side	NOUN
ajeer-259	145	17	and	and	CCONJ
ajeer-259	145	18	similar	similar	ADJ
ajeer-259	145	19	to	to	ADP
ajeer-259	145	20	those	those	PRON
ajeer-259	145	21	under	under	ADP
ajeer-259	145	22	the	the	DET
ajeer-259	145	23	15	15	NUM
ajeer-259	145	24	%	%	NOUN
ajeer-259	145	25	price	price	NOUN
ajeer-259	145	26	limits	limit	NOUN
ajeer-259	145	27	regime	regime	NOUN
ajeer-259	145	28	.	.	PUNCT
ajeer-259	146	1	furthermore	furthermore	ADV
ajeer-259	146	2	,	,	PUNCT
ajeer-259	146	3	the	the	DET
ajeer-259	146	4	individual	individual	ADJ
ajeer-259	146	5	and	and	CCONJ
ajeer-259	146	6	multiple	multiple	ADJ
ajeer-259	146	7	variance	variance	NOUN
ajeer-259	146	8	ratio	ratio	NOUN
ajeer-259	146	9	tests	test	NOUN
ajeer-259	146	10	under	under	ADP
ajeer-259	146	11	the	the	DET
ajeer-259	146	12	assumption	assumption	NOUN
ajeer-259	146	13	of	of	ADP
ajeer-259	146	14	homoscedasticity	homoscedasticity	NOUN
ajeer-259	146	15	are	be	AUX
ajeer-259	146	16	conducted	conduct	VERB
ajeer-259	146	17	and	and	CCONJ
ajeer-259	146	18	the	the	DET
ajeer-259	146	19	results	result	NOUN
ajeer-259	146	20	are	be	AUX
ajeer-259	146	21	reported	report	VERB
ajeer-259	146	22	in	in	ADP
ajeer-259	146	23	table	table	NOUN
ajeer-259	146	24	5	5	NUM
ajeer-259	146	25	.	.	PUNCT
ajeer-259	147	1	the	the	DET
ajeer-259	147	2	chow	chow	NOUN
ajeer-259	147	3	-	-	PUNCT
ajeer-259	147	4	denning	den	VERB
ajeer-259	147	5	maximum	maximum	ADJ
ajeer-259	147	6	|z|	|z|	NOUN
ajeer-259	147	7	statistic	statistic	NOUN
ajeer-259	147	8	,	,	PUNCT
ajeer-259	147	9	defined	define	VERB
ajeer-259	147	10	as	as	ADP
ajeer-259	147	11	in	in	ADP
ajeer-259	147	12	equation	equation	NOUN
ajeer-259	147	13	(	(	PUNCT
ajeer-259	147	14	9	9	NUM
ajeer-259	147	15	)	)	PUNCT
ajeer-259	147	16	,	,	PUNCT
ajeer-259	147	17	and	and	CCONJ
ajeer-259	147	18	the	the	DET
ajeer-259	147	19	richardson	richardson	PROPN
ajeer-259	147	20	-	-	PUNCT
ajeer-259	147	21	smith	smith	PROPN
ajeer-259	147	22	wald	wald	PROPN
ajeer-259	147	23	test	test	PROPN
ajeer-259	147	24	statistic	statistic	PROPN
ajeer-259	147	25	,	,	PUNCT
ajeer-259	147	26	defined	define	VERB
ajeer-259	147	27	as	as	ADP
ajeer-259	147	28	rs	rs	NOUN
ajeer-259	147	29	in	in	ADP
ajeer-259	147	30	equation	equation	NOUN
ajeer-259	147	31	(	(	PUNCT
ajeer-259	147	32	11	11	NUM
ajeer-259	147	33	)	)	PUNCT
ajeer-259	147	34	,	,	PUNCT
ajeer-259	147	35	for	for	SCONJ
ajeer-259	147	36	the	the	DET
ajeer-259	147	37	joint	joint	ADJ
ajeer-259	147	38	hypotheses	hypothesis	NOUN
ajeer-259	147	39	are	be	AUX
ajeer-259	147	40	obtained	obtain	VERB
ajeer-259	147	41	in	in	ADP
ajeer-259	147	42	addition	addition	NOUN
ajeer-259	147	43	to	to	ADP
ajeer-259	147	44	the	the	DET
ajeer-259	147	45	individual	individual	ADJ
ajeer-259	147	46	test	test	NOUN
ajeer-259	147	47	statistics	statistic	NOUN
ajeer-259	147	48	,	,	PUNCT
ajeer-259	147	49	defined	define	VERB
ajeer-259	147	50	as	as	ADP
ajeer-259	147	51	in	in	ADP
ajeer-259	147	52	equation	equation	NOUN
ajeer-259	147	53	(	(	PUNCT
ajeer-259	147	54	4	4	NUM
ajeer-259	147	55	)	)	PUNCT
ajeer-259	147	56	.	.	PUNCT
ajeer-259	148	1	the	the	DET
ajeer-259	148	2	results	result	NOUN
ajeer-259	148	3	are	be	AUX
ajeer-259	148	4	similar	similar	ADJ
ajeer-259	148	5	to	to	ADP
ajeer-259	148	6	the	the	DET
ajeer-259	148	7	above	above	ADJ
ajeer-259	148	8	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	148	9	robust	robust	ADJ
ajeer-259	148	10	tests	test	NOUN
ajeer-259	148	11	for	for	ADP
ajeer-259	148	12	the	the	DET
ajeer-259	148	13	kospi	kospi	PROPN
ajeer-259	148	14	return	return	PROPN
ajeer-259	148	15	series	series	NOUN
ajeer-259	148	16	.	.	PUNCT
ajeer-259	149	1	the	the	DET
ajeer-259	149	2	test	test	NOUN
ajeer-259	149	3	results	result	NOUN
ajeer-259	149	4	indicate	indicate	VERB
ajeer-259	149	5	that	that	SCONJ
ajeer-259	149	6	korean	korean	ADJ
ajeer-259	149	7	stock	stock	NOUN
ajeer-259	149	8	market	market	NOUN
ajeer-259	149	9	index	index	NOUN
ajeer-259	149	10	follows	follow	VERB
ajeer-259	149	11	the	the	DET
ajeer-259	149	12	random	random	ADJ
ajeer-259	149	13	walk	walk	NOUN
ajeer-259	149	14	process	process	NOUN
ajeer-259	149	15	.	.	PUNCT
ajeer-259	150	1	table-4	table-4	PROPN
ajeer-259	150	2	.	.	PUNCT
ajeer-259	150	3	variance	variance	NOUN
ajeer-259	150	4	ratio	ratio	NOUN
ajeer-259	150	5	tests	test	NOUN
ajeer-259	150	6	for	for	ADP
ajeer-259	150	7	kospi	kospi	NOUN
ajeer-259	150	8	(	(	PUNCT
ajeer-259	150	9	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	150	10	robust	robust	ADJ
ajeer-259	150	11	)	)	PUNCT
ajeer-259	150	12	null	null	ADJ
ajeer-259	150	13	hypothesis	hypothesis	NOUN
ajeer-259	150	14	:	:	PUNCT
ajeer-259	150	15	log	log	NOUN
ajeer-259	150	16	kospi	kospi	NOUN
ajeer-259	150	17	is	be	AUX
ajeer-259	150	18	a	a	DET
ajeer-259	150	19	martingale	martingale	ADJ
ajeer-259	150	20	15	15	NUM
ajeer-259	150	21	%	%	NOUN
ajeer-259	150	22	price	price	NOUN
ajeer-259	150	23	limits	limit	NOUN
ajeer-259	150	24	regime	regime	NOUN
ajeer-259	150	25	30	30	NUM
ajeer-259	150	26	%	%	NOUN
ajeer-259	150	27	price	price	NOUN
ajeer-259	150	28	limits	limit	NOUN
ajeer-259	150	29	regime	regime	NOUN
ajeer-259	150	30	joint	joint	ADJ
ajeer-259	150	31	tests	test	NOUN
ajeer-259	150	32	value	value	VERB
ajeer-259	150	33	df	df	NOUN
ajeer-259	150	34	probability	probability	NOUN
ajeer-259	150	35	value	value	NOUN
ajeer-259	150	36	df	df	NOUN
ajeer-259	150	37	probability	probability	NOUN
ajeer-259	150	38	max	max	PROPN
ajeer-259	150	39	|z|	|z|	NOUN
ajeer-259	150	40	(	(	PUNCT
ajeer-259	150	41	at	at	ADP
ajeer-259	150	42	period	period	NOUN
ajeer-259	150	43	20)†	20)†	NUM
ajeer-259	150	44	0.530025	0.530025	NUM
ajeer-259	150	45	849	849	NUM
ajeer-259	150	46	0.9893	0.9893	NUM
ajeer-259	150	47	0.988527	0.988527	NUM
ajeer-259	150	48	608	608	NUM
ajeer-259	150	49	0.8577	0.8577	NUM
ajeer-259	150	50	individual	individual	ADJ
ajeer-259	150	51	tests	test	NOUN
ajeer-259	150	52	period	period	VERB
ajeer-259	150	53	var	var	NOUN
ajeer-259	150	54	.	.	PUNCT
ajeer-259	151	1	ratio	ratio	NOUN
ajeer-259	151	2	std	std	PROPN
ajeer-259	151	3	.	.	PUNCT
ajeer-259	152	1	error	error	NOUN
ajeer-259	152	2	z	z	NOUN
ajeer-259	152	3	-	-	PUNCT
ajeer-259	152	4	statistic	statistic	ADJ
ajeer-259	152	5	probability	probability	NOUN
ajeer-259	152	6	var	var	NOUN
ajeer-259	152	7	.	.	PUNCT
ajeer-259	153	1	ratio	ratio	NOUN
ajeer-259	153	2	std	std	PROPN
ajeer-259	153	3	.	.	PUNCT
ajeer-259	154	1	error	error	NOUN
ajeer-259	154	2	z	z	NOUN
ajeer-259	154	3	-	-	PUNCT
ajeer-259	154	4	statistic	statistic	ADJ
ajeer-259	154	5	probability	probability	NOUN
ajeer-259	154	6	2	2	NUM
ajeer-259	154	7	0.991607	0.991607	NUM
ajeer-259	154	8	0.032826	0.032826	NUM
ajeer-259	154	9	-0.25568	-0.25568	NOUN
ajeer-259	154	10	0.7982	0.7982	NUM
ajeer-259	155	1	1.024005	1.024005	NUM
ajeer-259	155	2	0.046775	0.046775	NUM
ajeer-259	155	3	0.513211	0.513211	NUM
ajeer-259	155	4	0.6078	0.6078	NUM
ajeer-259	155	5	5	5	NUM
ajeer-259	155	6	1.003745	1.003745	NUM
ajeer-259	155	7	0.081563	0.081563	NUM
ajeer-259	155	8	0.045919	0.045919	NUM
ajeer-259	155	9	0.9634	0.9634	NUM
ajeer-259	155	10	0.982631	0.982631	NUM
ajeer-259	155	11	0.106457	0.106457	NUM
ajeer-259	155	12	-0.16316	-0.16316	VERB
ajeer-259	155	13	0.8704	0.8704	NUM
ajeer-259	155	14	10	10	NUM
ajeer-259	155	15	0.961831	0.961831	NUM
ajeer-259	155	16	0.129035	0.129035	NUM
ajeer-259	155	17	-0.2958	-0.2958	NOUN
ajeer-259	155	18	0.7674	0.7674	NUM
ajeer-259	156	1	0.843203	0.843203	NUM
ajeer-259	156	2	0.161262	0.161262	NUM
ajeer-259	156	3	-0.97231	-0.97231	NOUN
ajeer-259	156	4	0.3309	0.3309	NUM
ajeer-259	156	5	15	15	NUM
ajeer-259	156	6	0.965247	0.965247	NUM
ajeer-259	156	7	0.162963	0.162963	NUM
ajeer-259	156	8	-0.21325	-0.21325	NOUN
ajeer-259	156	9	0.8311	0.8311	NUM
ajeer-259	156	10	0.801874	0.801874	NUM
ajeer-259	156	11	0.200425	0.200425	NUM
ajeer-259	156	12	-0.98853	-0.98853	NOUN
ajeer-259	156	13	0.3229	0.3229	NUM
ajeer-259	156	14	20	20	NUM
ajeer-259	156	15	0.898934	0.898934	NUM
ajeer-259	156	16	0.190681	0.190681	NUM
ajeer-259	156	17	-0.53003	-0.53003	NOUN
ajeer-259	156	18	0.5961	0.5961	NUM
ajeer-259	156	19	0.850036	0.850036	NUM
ajeer-259	156	20	0.232998	0.232998	NUM
ajeer-259	156	21	-0.64363	-0.64363	NOUN
ajeer-259	156	22	0.5198	0.5198	NUM
ajeer-259	156	23	†probability	†probability	NOUN
ajeer-259	156	24	approximation	approximation	NOUN
ajeer-259	156	25	using	use	VERB
ajeer-259	156	26	studentized	studentize	VERB
ajeer-259	156	27	maximum	maximum	ADJ
ajeer-259	156	28	modulus	modulus	ADJ
ajeer-259	156	29	(	(	PUNCT
ajeer-259	156	30	smm	smm	NOUN
ajeer-259	156	31	)	)	PUNCT
ajeer-259	156	32	with	with	ADP
ajeer-259	156	33	parameter	parameter	NOUN
ajeer-259	156	34	value	value	NOUN
ajeer-259	156	35	5	5	NUM
ajeer-259	156	36	and	and	CCONJ
ajeer-259	156	37	infinite	infinite	ADJ
ajeer-259	156	38	degrees	degree	NOUN
ajeer-259	156	39	of	of	ADP
ajeer-259	156	40	freedom	freedom	NOUN
ajeer-259	156	41	.	.	PUNCT
ajeer-259	157	1	table-5	table-5	PROPN
ajeer-259	157	2	.	.	PUNCT
ajeer-259	157	3	variance	variance	NOUN
ajeer-259	157	4	ratio	ratio	NOUN
ajeer-259	157	5	tests	test	NOUN
ajeer-259	157	6	for	for	ADP
ajeer-259	157	7	kospi	kospi	NOUN
ajeer-259	157	8	(	(	PUNCT
ajeer-259	157	9	homoscedasticity	homoscedasticity	NOUN
ajeer-259	157	10	assumption	assumption	NOUN
ajeer-259	157	11	)	)	PUNCT
ajeer-259	157	12	null	null	ADJ
ajeer-259	157	13	hypothesis	hypothesis	NOUN
ajeer-259	157	14	:	:	PUNCT
ajeer-259	157	15	log	log	NOUN
ajeer-259	157	16	kospi	kospi	NOUN
ajeer-259	157	17	is	be	AUX
ajeer-259	157	18	a	a	DET
ajeer-259	157	19	random	random	ADJ
ajeer-259	157	20	walk	walk	NOUN
ajeer-259	157	21	15	15	NUM
ajeer-259	157	22	%	%	NOUN
ajeer-259	157	23	price	price	NOUN
ajeer-259	157	24	limits	limit	NOUN
ajeer-259	157	25	regime	regime	NOUN
ajeer-259	157	26	30	30	NUM
ajeer-259	157	27	%	%	NOUN
ajeer-259	157	28	price	price	NOUN
ajeer-259	157	29	limits	limit	NOUN
ajeer-259	157	30	regime	regime	NOUN
ajeer-259	157	31	joint	joint	ADJ
ajeer-259	157	32	tests	test	NOUN
ajeer-259	157	33	value	value	VERB
ajeer-259	157	34	df	df	NOUN
ajeer-259	157	35	probability	probability	NOUN
ajeer-259	157	36	value	value	NOUN
ajeer-259	157	37	df	df	NOUN
ajeer-259	157	38	probability	probability	NOUN
ajeer-259	157	39	max	max	PROPN
ajeer-259	157	40	|z|	|z|	NOUN
ajeer-259	157	41	(	(	PUNCT
ajeer-259	157	42	at	at	ADP
ajeer-259	157	43	period	period	NOUN
ajeer-259	158	1	20)†	20)†	NUM
ajeer-259	158	2	0.825914	0.825914	NUM
ajeer-259	158	3	849	849	NUM
ajeer-259	159	1	0.9278	0.9278	NUM
ajeer-259	159	2	1.362125	1.362125	NUM
ajeer-259	159	3	608	608	NUM
ajeer-259	159	4	0.6135	0.6135	NUM
ajeer-259	159	5	wald	wald	X
ajeer-259	159	6	(	(	PUNCT
ajeer-259	159	7	chi	chi	ADJ
ajeer-259	159	8	-	-	PUNCT
ajeer-259	159	9	square	square	NOUN
ajeer-259	159	10	)	)	PUNCT
ajeer-259	159	11	7.396466	7.396466	NUM
ajeer-259	159	12	5	5	NUM
ajeer-259	159	13	0.1928	0.1928	NUM
ajeer-259	159	14	7.122531	7.122531	NUM
ajeer-259	159	15	5	5	NUM
ajeer-259	159	16	0.2117	0.2117	NUM
ajeer-259	159	17	individual	individual	ADJ
ajeer-259	159	18	tests	test	NOUN
ajeer-259	159	19	period	period	VERB
ajeer-259	159	20	var	var	NOUN
ajeer-259	159	21	.	.	PUNCT
ajeer-259	160	1	ratio	ratio	NOUN
ajeer-259	160	2	std	std	PROPN
ajeer-259	160	3	.	.	PUNCT
ajeer-259	161	1	error	error	NOUN
ajeer-259	161	2	z	z	NOUN
ajeer-259	161	3	-	-	PUNCT
ajeer-259	161	4	statistic	statistic	ADJ
ajeer-259	161	5	probability	probability	NOUN
ajeer-259	161	6	var	var	NOUN
ajeer-259	161	7	.	.	PUNCT
ajeer-259	162	1	ratio	ratio	NOUN
ajeer-259	162	2	std	std	PROPN
ajeer-259	162	3	.	.	PUNCT
ajeer-259	163	1	error	error	NOUN
ajeer-259	163	2	z	z	NOUN
ajeer-259	163	3	-	-	PUNCT
ajeer-259	163	4	statistic	statistic	ADJ
ajeer-259	163	5	probability	probability	NOUN
ajeer-259	163	6	2	2	NUM
ajeer-259	163	7	0.989271	0.989271	NUM
ajeer-259	163	8	0.03432	0.03432	NUM
ajeer-259	163	9	-0.31262	-0.31262	PUNCT
ajeer-259	163	10	0.7546	0.7546	NUM
ajeer-259	163	11	1.020637	1.020637	NUM
ajeer-259	163	12	0.040555	0.040555	NUM
ajeer-259	163	13	0.50886	0.50886	NUM
ajeer-259	164	1	0.6109	0.6109	NUM
ajeer-259	164	2	5	5	NUM
ajeer-259	164	3	0.994304	0.994304	NUM
ajeer-259	164	4	0.075191	0.075191	NUM
ajeer-259	164	5	-0.07576	-0.07576	NOUN
ajeer-259	164	6	0.9396	0.9396	NUM
ajeer-259	164	7	0.969733	0.969733	NUM
ajeer-259	164	8	0.088852	0.088852	NUM
ajeer-259	164	9	-0.34064	-0.34064	NOUN
ajeer-259	164	10	0.7334	0.7334	NUM
ajeer-259	164	11	10	10	NUM
ajeer-259	164	12	0.941535	0.941535	NUM
ajeer-259	164	13	0.115877	0.115877	NUM
ajeer-259	164	14	-0.50454	-0.50454	NOUN
ajeer-259	164	15	0.6139	0.6139	NUM
ajeer-259	164	16	0.818404	0.818404	NUM
ajeer-259	164	17	0.136931	0.136931	NUM
ajeer-259	164	18	-1.32619	-1.32619	NOUN
ajeer-259	164	19	0.1848	0.1848	NUM
ajeer-259	164	20	15	15	NUM
ajeer-259	164	21	0.933658	0.933658	NUM
ajeer-259	164	22	0.145787	0.145787	NUM
ajeer-259	164	23	-0.45507	-0.45507	NOUN
ajeer-259	164	24	0.6491	0.6491	NUM
ajeer-259	164	25	0.765341	0.765341	NUM
ajeer-259	164	26	0.172274	0.172274	NUM
ajeer-259	164	27	-1.36213	-1.36213	NOUN
ajeer-259	164	28	0.1732	0.1732	NUM
ajeer-259	164	29	20	20	NUM
ajeer-259	164	30	0.859126	0.859126	NUM
ajeer-259	164	31	0.170567	0.170567	NUM
ajeer-259	164	32	-0.82591	-0.82591	NOUN
ajeer-259	164	33	0.4089	0.4089	NUM
ajeer-259	164	34	0.797696	0.797696	NUM
ajeer-259	164	35	0.201556	0.201556	NUM
ajeer-259	164	36	-1.00371	-1.00371	NOUN
ajeer-259	164	37	0.3155	0.3155	NUM
ajeer-259	164	38	†probability	†probability	NOUN
ajeer-259	164	39	approximation	approximation	NOUN
ajeer-259	164	40	using	use	VERB
ajeer-259	164	41	studentized	studentize	VERB
ajeer-259	164	42	maximum	maximum	ADJ
ajeer-259	164	43	modulus	modulus	ADJ
ajeer-259	164	44	(	(	PUNCT
ajeer-259	164	45	smm	smm	NOUN
ajeer-259	164	46	)	)	PUNCT
ajeer-259	164	47	with	with	ADP
ajeer-259	164	48	parameter	parameter	NOUN
ajeer-259	164	49	value	value	NOUN
ajeer-259	164	50	5	5	NUM
ajeer-259	164	51	and	and	CCONJ
ajeer-259	164	52	infinite	infinite	ADJ
ajeer-259	164	53	degrees	degree	NOUN
ajeer-259	164	54	of	of	ADP
ajeer-259	164	55	freedom	freedom	NOUN
ajeer-259	164	56	.	.	PUNCT
ajeer-259	165	1	the	the	DET
ajeer-259	165	2	above	above	ADJ
ajeer-259	165	3	processes	process	NOUN
ajeer-259	165	4	are	be	AUX
ajeer-259	165	5	repeated	repeat	VERB
ajeer-259	165	6	for	for	SCONJ
ajeer-259	165	7	each	each	PRON
ajeer-259	165	8	of	of	ADP
ajeer-259	165	9	60	60	NUM
ajeer-259	165	10	sample	sample	NOUN
ajeer-259	165	11	stock	stock	NOUN
ajeer-259	165	12	returns	return	NOUN
ajeer-259	165	13	to	to	PART
ajeer-259	165	14	compare	compare	VERB
ajeer-259	165	15	two	two	NUM
ajeer-259	165	16	different	different	ADJ
ajeer-259	165	17	price	price	NOUN
ajeer-259	165	18	limits	limit	NOUN
ajeer-259	165	19	periods	period	NOUN
ajeer-259	165	20	and	and	CCONJ
ajeer-259	165	21	the	the	DET
ajeer-259	165	22	results	result	NOUN
ajeer-259	165	23	are	be	AUX
ajeer-259	165	24	summarized	summarize	VERB
ajeer-259	165	25	in	in	ADP
ajeer-259	165	26	table	table	NOUN
ajeer-259	165	27	6	6	NUM
ajeer-259	165	28	,	,	PUNCT
ajeer-259	165	29	which	which	PRON
ajeer-259	165	30	shows	show	VERB
ajeer-259	165	31	the	the	DET
ajeer-259	165	32	number	number	NOUN
ajeer-259	165	33	of	of	ADP
ajeer-259	165	34	stocks	stock	NOUN
ajeer-259	165	35	rejecting	reject	VERB
ajeer-259	165	36	the	the	DET
ajeer-259	165	37	null	null	ADJ
ajeer-259	165	38	hypothesis	hypothesis	NOUN
ajeer-259	165	39	of	of	ADP
ajeer-259	165	40	random	random	ADJ
ajeer-259	165	41	walk	walk	NOUN
ajeer-259	165	42	process	process	NOUN
ajeer-259	165	43	along	along	ADP
ajeer-259	165	44	with	with	ADP
ajeer-259	165	45	percentage	percentage	NOUN
ajeer-259	165	46	of	of	ADP
ajeer-259	165	47	companies	company	NOUN
ajeer-259	165	48	following	follow	VERB
ajeer-259	165	49	random	random	ADJ
ajeer-259	165	50	walk	walk	NOUN
ajeer-259	165	51	out	out	ADP
ajeer-259	165	52	of	of	ADP
ajeer-259	165	53	60	60	NUM
ajeer-259	165	54	sample	sample	NOUN
ajeer-259	165	55	stocks	stock	NOUN
ajeer-259	165	56	,	,	PUNCT
ajeer-259	165	57	based	base	VERB
ajeer-259	165	58	on	on	ADP
ajeer-259	165	59	the	the	DET
ajeer-259	165	60	chow	chow	NOUN
ajeer-259	165	61	-	-	PUNCT
ajeer-259	165	62	denning	den	VERB
ajeer-259	165	63	multiple	multiple	ADJ
ajeer-259	165	64	variance	variance	NOUN
ajeer-259	165	65	ratio	ratio	NOUN
ajeer-259	165	66	tests	test	NOUN
ajeer-259	165	67	and	and	CCONJ
ajeer-259	165	68	richardson	richardson	PROPN
ajeer-259	165	69	-	-	PUNCT
ajeer-259	165	70	smith	smith	PROPN
ajeer-259	165	71	wald	wald	PROPN
ajeer-259	165	72	tests	test	NOUN
ajeer-259	165	73	.	.	PUNCT
ajeer-259	166	1	detailed	detailed	ADJ
ajeer-259	166	2	results	result	NOUN
ajeer-259	166	3	of	of	ADP
ajeer-259	166	4	multiple	multiple	ADJ
ajeer-259	166	5	variance	variance	NOUN
ajeer-259	166	6	tests	test	NOUN
ajeer-259	166	7	are	be	AUX
ajeer-259	166	8	reported	report	VERB
ajeer-259	166	9	in	in	ADP
ajeer-259	166	10	appendix	appendix	NOUN
ajeer-259	166	11	.	.	PUNCT
ajeer-259	167	1	for	for	ADP
ajeer-259	167	2	the	the	DET
ajeer-259	167	3	period	period	NOUN
ajeer-259	167	4	from	from	ADP
ajeer-259	167	5	january	january	PROPN
ajeer-259	167	6	2	2	NUM
ajeer-259	167	7	,	,	PUNCT
ajeer-259	167	8	2012	2012	NUM
ajeer-259	167	9	to	to	ADP
ajeer-259	167	10	june	june	PROPN
ajeer-259	167	11	14	14	NUM
ajeer-259	167	12	,	,	PUNCT
ajeer-259	167	13	2015	2015	NUM
ajeer-259	167	14	under	under	ADP
ajeer-259	167	15	the	the	DET
ajeer-259	167	16	15	15	NUM
ajeer-259	167	17	%	%	NOUN
ajeer-259	167	18	price	price	NOUN
ajeer-259	167	19	limits	limit	NOUN
ajeer-259	167	20	regime	regime	NOUN
ajeer-259	167	21	,	,	PUNCT
ajeer-259	167	22	the	the	DET
ajeer-259	167	23	number	number	NOUN
ajeer-259	167	24	of	of	ADP
ajeer-259	167	25	stocks	stock	NOUN
ajeer-259	167	26	rejecting	reject	VERB
ajeer-259	167	27	the	the	DET
ajeer-259	167	28	null	null	ADJ
ajeer-259	167	29	hypothesis	hypothesis	NOUN
ajeer-259	167	30	is	be	AUX
ajeer-259	167	31	13	13	NUM
ajeer-259	167	32	and	and	CCONJ
ajeer-259	167	33	slightly	slightly	ADV
ajeer-259	167	34	decreased	decrease	VERB
ajeer-259	167	35	to	to	ADP
ajeer-259	167	36	10	10	NUM
ajeer-259	167	37	for	for	ADP
ajeer-259	167	38	the	the	DET
ajeer-259	167	39	period	period	NOUN
ajeer-259	167	40	from	from	ADP
ajeer-259	167	41	june	june	PROPN
ajeer-259	167	42	15	15	NUM
ajeer-259	167	43	,	,	PUNCT
ajeer-259	167	44	2015	2015	NUM
ajeer-259	167	45	to	to	ADP
ajeer-259	167	46	november	november	PROPN
ajeer-259	167	47	30	30	NUM
ajeer-259	167	48	,	,	PUNCT
ajeer-259	167	49	2017	2017	NUM
ajeer-259	167	50	under	under	ADP
ajeer-259	167	51	the	the	DET
ajeer-259	167	52	30	30	NUM
ajeer-259	167	53	%	%	NOUN
ajeer-259	167	54	price	price	NOUN
ajeer-259	167	55	limits	limit	NOUN
ajeer-259	167	56	regime	regime	NOUN
ajeer-259	167	57	,	,	PUNCT
ajeer-259	167	58	meaning	mean	VERB
ajeer-259	167	59	that	that	SCONJ
ajeer-259	167	60	proportion	proportion	NOUN
ajeer-259	167	61	of	of	ADP
ajeer-259	167	62	sample	sample	NOUN
ajeer-259	167	63	stock	stock	NOUN
ajeer-259	167	64	returns	return	NOUN
ajeer-259	167	65	following	follow	VERB
ajeer-259	167	66	the	the	DET
ajeer-259	167	67	random	random	ADJ
ajeer-259	167	68	walk	walk	NOUN
ajeer-259	167	69	process	process	NOUN
ajeer-259	167	70	under	under	ADP
ajeer-259	167	71	the	the	DET
ajeer-259	167	72	eased	eased	ADJ
ajeer-259	167	73	price	price	NOUN
ajeer-259	167	74	limits	limit	NOUN
ajeer-259	167	75	regime	regime	NOUN
ajeer-259	167	76	slightly	slightly	ADV
ajeer-259	167	77	increased	increase	VERB
ajeer-259	167	78	to	to	ADP
ajeer-259	167	79	83.3	83.3	NUM
ajeer-259	167	80	%	%	NOUN
ajeer-259	167	81	from	from	ADP
ajeer-259	167	82	the	the	DET
ajeer-259	167	83	previous	previous	ADJ
ajeer-259	167	84	15	15	NUM
ajeer-259	167	85	%	%	NOUN
ajeer-259	167	86	regime	regime	NOUN
ajeer-259	167	87	of	of	ADP
ajeer-259	167	88	78.3	78.3	NUM
ajeer-259	167	89	%	%	NOUN
ajeer-259	167	90	.	.	PUNCT
ajeer-259	168	1	this	this	DET
ajeer-259	168	2	study	study	NOUN
ajeer-259	168	3	is	be	AUX
ajeer-259	168	4	generally	generally	ADV
ajeer-259	168	5	consistent	consistent	ADJ
ajeer-259	168	6	with	with	ADP
ajeer-259	168	7	the	the	DET
ajeer-259	168	8	findings	finding	NOUN
ajeer-259	168	9	of	of	ADP
ajeer-259	168	10	ryoo	ryoo	NOUN
ajeer-259	168	11	and	and	CCONJ
ajeer-259	168	12	smith	smith	PROPN
ajeer-259	168	13	(	(	PUNCT
ajeer-259	168	14	2002	2002	NUM
ajeer-259	168	15	)	)	PUNCT
ajeer-259	168	16	that	that	SCONJ
ajeer-259	168	17	the	the	DET
ajeer-259	168	18	korean	korean	ADJ
ajeer-259	168	19	stock	stock	NOUN
ajeer-259	168	20	market	market	NOUN
ajeer-259	168	21	becomes	become	VERB
ajeer-259	168	22	more	more	ADV
ajeer-259	168	23	efficient	efficient	ADJ
ajeer-259	168	24	as	as	SCONJ
ajeer-259	168	25	the	the	DET
ajeer-259	168	26	price	price	NOUN
ajeer-259	168	27	limits	limit	NOUN
ajeer-259	168	28	are	be	AUX
ajeer-259	168	29	eased	ease	VERB
ajeer-259	168	30	,	,	PUNCT
ajeer-259	168	31	albeit	albeit	SCONJ
ajeer-259	168	32	the	the	DET
ajeer-259	168	33	findings	finding	NOUN
ajeer-259	168	34	are	be	AUX
ajeer-259	168	35	rather	rather	ADV
ajeer-259	168	36	suggestive	suggestive	ADJ
ajeer-259	168	37	than	than	ADP
ajeer-259	168	38	definitive	definitive	ADJ
ajeer-259	168	39	.	.	PUNCT
ajeer-259	169	1	however	however	ADV
ajeer-259	169	2	,	,	PUNCT
ajeer-259	169	3	homoscedastic	homoscedastic	ADJ
ajeer-259	169	4	chow	chow	NOUN
ajeer-259	169	5	-	-	PUNCT
ajeer-259	169	6	denning	den	VERB
ajeer-259	169	7	multiple	multiple	ADJ
ajeer-259	169	8	variance	variance	NOUN
ajeer-259	169	9	ratio	ratio	NOUN
ajeer-259	169	10	tests	test	NOUN
ajeer-259	169	11	and	and	CCONJ
ajeer-259	169	12	richardson	richardson	PROPN
ajeer-259	169	13	-	-	PUNCT
ajeer-259	169	14	smith	smith	PROPN
ajeer-259	169	15	wald	wald	PROPN
ajeer-259	169	16	tests	test	NOUN
ajeer-259	169	17	produced	produce	VERB
ajeer-259	169	18	the	the	DET
ajeer-259	169	19	different	different	ADJ
ajeer-259	169	20	results	result	NOUN
ajeer-259	169	21	.	.	PUNCT
ajeer-259	170	1	the	the	DET
ajeer-259	170	2	proportion	proportion	NOUN
ajeer-259	170	3	of	of	ADP
ajeer-259	170	4	sample	sample	NOUN
ajeer-259	170	5	stock	stock	NOUN
ajeer-259	170	6	returns	return	NOUN
ajeer-259	170	7	following	follow	VERB
ajeer-259	170	8	the	the	DET
ajeer-259	170	9	random	random	ADJ
ajeer-259	170	10	walk	walk	NOUN
ajeer-259	170	11	process	process	NOUN
ajeer-259	170	12	under	under	ADP
ajeer-259	170	13	the	the	DET
ajeer-259	170	14	eased	eased	ADJ
ajeer-259	170	15	price	price	NOUN
ajeer-259	170	16	limits	limit	NOUN
ajeer-259	170	17	regime	regime	NOUN
ajeer-259	170	18	increased	increase	VERB
ajeer-259	170	19	to	to	ADP
ajeer-259	170	20	76.7	76.7	NUM
ajeer-259	170	21	%	%	NOUN
ajeer-259	170	22	from	from	ADP
ajeer-259	170	23	the	the	DET
ajeer-259	170	24	previous	previous	ADJ
ajeer-259	170	25	15	15	NUM
ajeer-259	170	26	%	%	NOUN
ajeer-259	170	27	regime	regime	NOUN
ajeer-259	170	28	of	of	ADP
ajeer-259	170	29	63.3	63.3	NUM
ajeer-259	170	30	%	%	NOUN
ajeer-259	170	31	in	in	ADP
ajeer-259	170	32	homoscedastic	homoscedastic	ADJ
ajeer-259	170	33	chow	chow	NOUN
ajeer-259	170	34	-	-	PUNCT
ajeer-259	170	35	denning	den	VERB
ajeer-259	170	36	tests	test	NOUN
ajeer-259	170	37	while	while	SCONJ
ajeer-259	170	38	richardson	richardson	PROPN
ajeer-259	170	39	-	-	PUNCT
ajeer-259	170	40	smith	smith	PROPN
ajeer-259	170	41	wald	wald	PROPN
ajeer-259	170	42	tests	test	NOUN
ajeer-259	170	43	showed	show	VERB
ajeer-259	170	44	75	75	NUM
ajeer-259	170	45	%	%	NOUN
ajeer-259	170	46	up	up	ADV
ajeer-259	170	47	from	from	ADP
ajeer-259	170	48	65	65	NUM
ajeer-259	170	49	%	%	NOUN
ajeer-259	170	50	under	under	ADP
ajeer-259	170	51	the	the	DET
ajeer-259	170	52	previous	previous	ADJ
ajeer-259	170	53	regime	regime	NOUN
ajeer-259	170	54	.	.	PUNCT
ajeer-259	171	1	when	when	SCONJ
ajeer-259	171	2	significance	significance	NOUN
ajeer-259	171	3	level	level	NOUN
ajeer-259	171	4	is	be	AUX
ajeer-259	171	5	applied	apply	VERB
ajeer-259	171	6	at	at	ADP
ajeer-259	171	7	10	10	NUM
ajeer-259	171	8	%	%	NOUN
ajeer-259	171	9	,	,	PUNCT
ajeer-259	171	10	the	the	DET
ajeer-259	171	11	difference	difference	NOUN
ajeer-259	171	12	is	be	AUX
ajeer-259	171	13	more	more	ADV
ajeer-259	171	14	noticeable	noticeable	ADJ
ajeer-259	171	15	as	as	SCONJ
ajeer-259	171	16	random	random	ADJ
ajeer-259	171	17	walk	walk	NOUN
ajeer-259	171	18	proportion	proportion	NOUN
ajeer-259	171	19	was	be	AUX
ajeer-259	171	20	found	find	VERB
ajeer-259	171	21	to	to	PART
ajeer-259	171	22	increase	increase	VERB
ajeer-259	171	23	from	from	ADP
ajeer-259	171	24	66.7	66.7	NUM
ajeer-259	171	25	%	%	NOUN
ajeer-259	171	26	to	to	PART
ajeer-259	171	27	80	80	NUM
ajeer-259	171	28	%	%	NOUN
ajeer-259	171	29	,	,	PUNCT
ajeer-259	171	30	56.7	56.7	NUM
ajeer-259	171	31	%	%	NOUN
ajeer-259	171	32	to	to	PART
ajeer-259	171	33	70	70	NUM
ajeer-259	171	34	%	%	NOUN
ajeer-259	171	35	and	and	CCONJ
ajeer-259	171	36	48.3	48.3	NUM
ajeer-259	171	37	%	%	NOUN
ajeer-259	171	38	to	to	ADP
ajeer-259	171	39	68.3	68.3	NUM
ajeer-259	171	40	%	%	NOUN
ajeer-259	171	41	based	base	VERB
ajeer-259	171	42	on	on	ADP
ajeer-259	171	43	three	three	NUM
ajeer-259	171	44	different	different	ADJ
ajeer-259	171	45	multiple	multiple	ADJ
ajeer-259	171	46	variance	variance	NOUN
ajeer-259	171	47	ratio	ratio	NOUN
ajeer-259	171	48	tests	test	NOUN
ajeer-259	171	49	,	,	PUNCT
ajeer-259	171	50	respectively	respectively	ADV
ajeer-259	171	51	.	.	PUNCT
ajeer-259	172	1	asian	asian	ADJ
ajeer-259	172	2	journal	journal	PROPN
ajeer-259	172	3	of	of	ADP
ajeer-259	172	4	economics	economic	NOUN
ajeer-259	172	5	and	and	CCONJ
ajeer-259	172	6	empirical	empirical	ADJ
ajeer-259	172	7	research	research	NOUN
ajeer-259	172	8	,	,	PUNCT
ajeer-259	172	9	2018	2018	NUM
ajeer-259	172	10	,	,	PUNCT
ajeer-259	172	11	5(2	5(2	NUM
ajeer-259	172	12	):	):	PUNCT
ajeer-259	172	13	191	191	NUM
ajeer-259	172	14	-	-	SYM
ajeer-259	172	15	200	200	NUM
ajeer-259	172	16	198	198	NUM
ajeer-259	172	17	table-6	table-6	NUM
ajeer-259	172	18	.	.	PUNCT
ajeer-259	173	1	results	result	NOUN
ajeer-259	173	2	of	of	ADP
ajeer-259	173	3	multiple	multiple	ADJ
ajeer-259	173	4	variance	variance	NOUN
ajeer-259	173	5	ratio	ratio	NOUN
ajeer-259	173	6	tests	test	NOUN
ajeer-259	173	7	for	for	ADP
ajeer-259	173	8	60	60	NUM
ajeer-259	173	9	stock	stock	NOUN
ajeer-259	173	10	returns	return	NOUN
ajeer-259	173	11	no	no	PRON
ajeer-259	173	12	of	of	ADP
ajeer-259	173	13	rejected	reject	VERB
ajeer-259	173	14	null	null	NOUN
ajeer-259	173	15	at	at	ADP
ajeer-259	173	16	5	5	NUM
ajeer-259	173	17	%	%	NOUN
ajeer-259	173	18	significance	significance	NOUN
ajeer-259	173	19	(	(	PUNCT
ajeer-259	173	20	percentage	percentage	NOUN
ajeer-259	173	21	of	of	ADP
ajeer-259	173	22	random	random	ADJ
ajeer-259	173	23	walk	walk	NOUN
ajeer-259	173	24	process	process	NOUN
ajeer-259	173	25	)	)	PUNCT
ajeer-259	173	26	chow	chow	NOUN
ajeer-259	173	27	-	-	PUNCT
ajeer-259	173	28	denning	den	VERB
ajeer-259	173	29	tests	test	NOUN
ajeer-259	173	30	richardson	richardson	PROPN
ajeer-259	173	31	-	-	PUNCT
ajeer-259	173	32	smith	smith	PROPN
ajeer-259	173	33	tests	test	VERB
ajeer-259	173	34	heteroscedasticity	heteroscedasticity	PROPN
ajeer-259	173	35	robust	robust	ADJ
ajeer-259	173	36	homoscedasticity	homoscedasticity	NOUN
ajeer-259	173	37	assumption	assumption	NOUN
ajeer-259	173	38	wald	wald	NOUN
ajeer-259	173	39	tests	test	VERB
ajeer-259	173	40	15	15	NUM
ajeer-259	173	41	%	%	NOUN
ajeer-259	173	42	regime	regime	NOUN
ajeer-259	173	43	13	13	NUM
ajeer-259	173	44	(	(	PUNCT
ajeer-259	173	45	78.3	78.3	NUM
ajeer-259	173	46	%	%	NOUN
ajeer-259	173	47	)	)	PUNCT
ajeer-259	173	48	22	22	NUM
ajeer-259	173	49	(	(	PUNCT
ajeer-259	173	50	63.3	63.3	NUM
ajeer-259	173	51	%	%	NOUN
ajeer-259	173	52	)	)	PUNCT
ajeer-259	173	53	21	21	NUM
ajeer-259	173	54	(	(	PUNCT
ajeer-259	173	55	65	65	NUM
ajeer-259	173	56	%	%	NOUN
ajeer-259	173	57	)	)	PUNCT
ajeer-259	173	58	30	30	NUM
ajeer-259	173	59	%	%	NOUN
ajeer-259	173	60	regime	regime	NOUN
ajeer-259	173	61	10	10	NUM
ajeer-259	173	62	(	(	PUNCT
ajeer-259	173	63	83.3	83.3	NUM
ajeer-259	173	64	%	%	NOUN
ajeer-259	173	65	)	)	PUNCT
ajeer-259	173	66	14	14	NUM
ajeer-259	173	67	(	(	PUNCT
ajeer-259	173	68	76.7	76.7	NUM
ajeer-259	173	69	%	%	NOUN
ajeer-259	173	70	)	)	PUNCT
ajeer-259	173	71	15	15	NUM
ajeer-259	173	72	(	(	PUNCT
ajeer-259	173	73	75	75	NUM
ajeer-259	173	74	%	%	NOUN
ajeer-259	173	75	)	)	PUNCT
ajeer-259	174	1	no	no	PRON
ajeer-259	174	2	of	of	ADP
ajeer-259	174	3	rejected	reject	VERB
ajeer-259	174	4	null	null	NOUN
ajeer-259	174	5	at	at	ADP
ajeer-259	174	6	10	10	NUM
ajeer-259	174	7	%	%	NOUN
ajeer-259	174	8	significance	significance	NOUN
ajeer-259	174	9	(	(	PUNCT
ajeer-259	174	10	percentage	percentage	NOUN
ajeer-259	174	11	of	of	ADP
ajeer-259	174	12	random	random	ADJ
ajeer-259	174	13	walk	walk	NOUN
ajeer-259	174	14	process	process	NOUN
ajeer-259	174	15	)	)	PUNCT
ajeer-259	174	16	chow	chow	NOUN
ajeer-259	174	17	-	-	PUNCT
ajeer-259	174	18	denning	den	VERB
ajeer-259	174	19	tests	test	NOUN
ajeer-259	174	20	richardson	richardson	PROPN
ajeer-259	174	21	-	-	PUNCT
ajeer-259	174	22	smith	smith	PROPN
ajeer-259	174	23	tests	test	VERB
ajeer-259	174	24	heteroscedasticity	heteroscedasticity	PROPN
ajeer-259	174	25	robust	robust	ADJ
ajeer-259	174	26	homoscedasticity	homoscedasticity	NOUN
ajeer-259	174	27	assumption	assumption	NOUN
ajeer-259	174	28	wald	wald	NOUN
ajeer-259	174	29	tests	test	VERB
ajeer-259	174	30	15	15	NUM
ajeer-259	174	31	%	%	NOUN
ajeer-259	174	32	regime	regime	NOUN
ajeer-259	174	33	20	20	NUM
ajeer-259	174	34	(	(	PUNCT
ajeer-259	174	35	66.7	66.7	NUM
ajeer-259	174	36	%	%	NOUN
ajeer-259	174	37	)	)	PUNCT
ajeer-259	174	38	26	26	NUM
ajeer-259	174	39	(	(	PUNCT
ajeer-259	174	40	56.7	56.7	NUM
ajeer-259	174	41	%	%	NOUN
ajeer-259	174	42	)	)	PUNCT
ajeer-259	174	43	31	31	NUM
ajeer-259	174	44	(	(	PUNCT
ajeer-259	174	45	48.3	48.3	NUM
ajeer-259	174	46	%	%	NOUN
ajeer-259	174	47	)	)	PUNCT
ajeer-259	174	48	30	30	NUM
ajeer-259	174	49	%	%	NOUN
ajeer-259	174	50	regime	regime	NOUN
ajeer-259	174	51	12	12	NUM
ajeer-259	174	52	(	(	PUNCT
ajeer-259	174	53	80	80	NUM
ajeer-259	174	54	%	%	NOUN
ajeer-259	174	55	)	)	PUNCT
ajeer-259	174	56	18	18	NUM
ajeer-259	174	57	(	(	PUNCT
ajeer-259	174	58	70	70	NUM
ajeer-259	174	59	%	%	NOUN
ajeer-259	174	60	)	)	PUNCT
ajeer-259	174	61	19	19	NUM
ajeer-259	174	62	(	(	PUNCT
ajeer-259	174	63	68.3	68.3	NUM
ajeer-259	174	64	%	%	NOUN
ajeer-259	174	65	)	)	PUNCT
ajeer-259	174	66	note	note	NOUN
ajeer-259	174	67	:	:	PUNCT
ajeer-259	174	68	wald	wald	X
ajeer-259	174	69	test	test	NOUN
ajeer-259	174	70	is	be	AUX
ajeer-259	174	71	only	only	ADV
ajeer-259	174	72	used	use	VERB
ajeer-259	174	73	for	for	ADP
ajeer-259	174	74	homoscedasticity	homoscedasticity	NOUN
ajeer-259	174	75	assumption	assumption	NOUN
ajeer-259	174	76	because	because	SCONJ
ajeer-259	174	77	this	this	DET
ajeer-259	174	78	method	method	NOUN
ajeer-259	174	79	is	be	AUX
ajeer-259	174	80	not	not	PART
ajeer-259	174	81	consistent	consistent	ADJ
ajeer-259	174	82	with	with	ADP
ajeer-259	174	83	the	the	DET
ajeer-259	174	84	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	174	85	robust	robust	ADJ
ajeer-259	174	86	tests	test	NOUN
ajeer-259	174	87	(	(	PUNCT
ajeer-259	174	88	qms	qms	NOUN
ajeer-259	174	89	,	,	PUNCT
ajeer-259	174	90	2010	2010	NUM
ajeer-259	174	91	)	)	PUNCT
ajeer-259	174	92	.	.	PUNCT
ajeer-259	175	1	in	in	ADP
ajeer-259	175	2	addition	addition	NOUN
ajeer-259	175	3	,	,	PUNCT
ajeer-259	175	4	to	to	PART
ajeer-259	175	5	identify	identify	VERB
ajeer-259	175	6	the	the	DET
ajeer-259	175	7	effect	effect	NOUN
ajeer-259	175	8	of	of	ADP
ajeer-259	175	9	market	market	NOUN
ajeer-259	175	10	capitalisation	capitalisation	NOUN
ajeer-259	175	11	on	on	ADP
ajeer-259	175	12	the	the	DET
ajeer-259	175	13	market	market	NOUN
ajeer-259	175	14	efficiency	efficiency	NOUN
ajeer-259	175	15	to	to	PART
ajeer-259	175	16	find	find	VERB
ajeer-259	175	17	out	out	ADP
ajeer-259	175	18	the	the	DET
ajeer-259	175	19	answer	answer	NOUN
ajeer-259	175	20	to	to	ADP
ajeer-259	175	21	the	the	DET
ajeer-259	175	22	common	common	ADJ
ajeer-259	175	23	hypothesis	hypothesis	NOUN
ajeer-259	175	24	that	that	SCONJ
ajeer-259	175	25	large	large	ADJ
ajeer-259	175	26	capitalisation	capitalisation	NOUN
ajeer-259	175	27	stocks	stock	NOUN
ajeer-259	175	28	tend	tend	VERB
ajeer-259	175	29	to	to	PART
ajeer-259	175	30	more	more	ADV
ajeer-259	175	31	follow	follow	VERB
ajeer-259	175	32	the	the	DET
ajeer-259	175	33	random	random	ADJ
ajeer-259	175	34	walk	walk	NOUN
ajeer-259	175	35	process	process	NOUN
ajeer-259	175	36	than	than	ADP
ajeer-259	175	37	small	small	ADJ
ajeer-259	175	38	capitalisation	capitalisation	NOUN
ajeer-259	175	39	stocks	stock	NOUN
ajeer-259	175	40	,	,	PUNCT
ajeer-259	175	41	we	we	PRON
ajeer-259	175	42	divided	divide	VERB
ajeer-259	175	43	the	the	DET
ajeer-259	175	44	sample	sample	NOUN
ajeer-259	175	45	stocks	stock	NOUN
ajeer-259	175	46	into	into	ADP
ajeer-259	175	47	two	two	NUM
ajeer-259	175	48	groups	group	NOUN
ajeer-259	175	49	in	in	ADP
ajeer-259	175	50	terms	term	NOUN
ajeer-259	175	51	of	of	ADP
ajeer-259	175	52	market	market	NOUN
ajeer-259	175	53	capitalisation	capitalisation	NOUN
ajeer-259	175	54	for	for	ADP
ajeer-259	175	55	comparison	comparison	NOUN
ajeer-259	175	56	.	.	PUNCT
ajeer-259	176	1	the	the	DET
ajeer-259	176	2	30	30	NUM
ajeer-259	176	3	large	large	ADJ
ajeer-259	176	4	-	-	PUNCT
ajeer-259	176	5	cap	cap	NOUN
ajeer-259	176	6	stocks	stock	NOUN
ajeer-259	176	7	have	have	VERB
ajeer-259	176	8	the	the	DET
ajeer-259	176	9	average	average	ADJ
ajeer-259	176	10	market	market	NOUN
ajeer-259	176	11	capitalisation	capitalisation	NOUN
ajeer-259	176	12	of	of	ADP
ajeer-259	176	13	25,266	25,266	NUM
ajeer-259	176	14	million	million	NUM
ajeer-259	176	15	dollars	dollar	NOUN
ajeer-259	176	16	in	in	ADP
ajeer-259	176	17	stark	stark	ADJ
ajeer-259	176	18	contrast	contrast	NOUN
ajeer-259	176	19	to	to	ADP
ajeer-259	176	20	2,369	2,369	NUM
ajeer-259	176	21	million	million	NUM
ajeer-259	176	22	dollars	dollar	NOUN
ajeer-259	176	23	of	of	ADP
ajeer-259	176	24	that	that	PRON
ajeer-259	176	25	of	of	ADP
ajeer-259	176	26	the	the	DET
ajeer-259	176	27	30	30	NUM
ajeer-259	176	28	sample	sample	NOUN
ajeer-259	176	29	-	-	PUNCT
ajeer-259	176	30	cap	cap	NOUN
ajeer-259	176	31	stocks	stock	NOUN
ajeer-259	176	32	.	.	PUNCT
ajeer-259	177	1	under	under	ADP
ajeer-259	177	2	the	the	DET
ajeer-259	177	3	15	15	NUM
ajeer-259	177	4	%	%	NOUN
ajeer-259	177	5	price	price	NOUN
ajeer-259	177	6	limits	limit	NOUN
ajeer-259	177	7	regime	regime	NOUN
ajeer-259	177	8	,	,	PUNCT
ajeer-259	177	9	47	47	NUM
ajeer-259	177	10	stocks	stock	NOUN
ajeer-259	177	11	following	follow	VERB
ajeer-259	177	12	a	a	DET
ajeer-259	177	13	random	random	ADJ
ajeer-259	177	14	walk	walk	NOUN
ajeer-259	177	15	consist	consist	NOUN
ajeer-259	177	16	of	of	ADP
ajeer-259	177	17	22	22	NUM
ajeer-259	177	18	large	large	ADJ
ajeer-259	177	19	-	-	PUNCT
ajeer-259	177	20	cap	cap	NOUN
ajeer-259	177	21	and	and	CCONJ
ajeer-259	177	22	25	25	NUM
ajeer-259	177	23	small	small	ADJ
ajeer-259	177	24	-	-	PUNCT
ajeer-259	177	25	cap	cap	NOUN
ajeer-259	177	26	stocks	stock	NOUN
ajeer-259	177	27	while	while	SCONJ
ajeer-259	177	28	50	50	NUM
ajeer-259	177	29	stocks	stock	NOUN
ajeer-259	177	30	following	follow	VERB
ajeer-259	177	31	a	a	DET
ajeer-259	177	32	random	random	ADJ
ajeer-259	177	33	walk	walk	NOUN
ajeer-259	177	34	include	include	VERB
ajeer-259	177	35	23	23	NUM
ajeer-259	177	36	large	large	ADJ
ajeer-259	177	37	-	-	PUNCT
ajeer-259	177	38	cap	cap	NOUN
ajeer-259	177	39	and	and	CCONJ
ajeer-259	177	40	27	27	NUM
ajeer-259	177	41	small	small	ADJ
ajeer-259	177	42	-	-	PUNCT
ajeer-259	177	43	cap	cap	NOUN
ajeer-259	177	44	stocks	stock	NOUN
ajeer-259	177	45	suggesting	suggest	VERB
ajeer-259	177	46	that	that	SCONJ
ajeer-259	177	47	market	market	NOUN
ajeer-259	177	48	capitalisation	capitalisation	NOUN
ajeer-259	177	49	does	do	AUX
ajeer-259	177	50	not	not	PART
ajeer-259	177	51	play	play	VERB
ajeer-259	177	52	a	a	DET
ajeer-259	177	53	significant	significant	ADJ
ajeer-259	177	54	role	role	NOUN
ajeer-259	177	55	in	in	ADP
ajeer-259	177	56	the	the	DET
ajeer-259	177	57	market	market	NOUN
ajeer-259	177	58	efficiency	efficiency	NOUN
ajeer-259	177	59	.	.	PUNCT
ajeer-259	178	1	5	5	X
ajeer-259	178	2	.	.	X
ajeer-259	178	3	conclusions	conclusion	NOUN
ajeer-259	178	4	this	this	DET
ajeer-259	178	5	study	study	NOUN
ajeer-259	178	6	examined	examine	VERB
ajeer-259	178	7	the	the	DET
ajeer-259	178	8	efficiency	efficiency	NOUN
ajeer-259	178	9	of	of	ADP
ajeer-259	178	10	korean	korean	ADJ
ajeer-259	178	11	stock	stock	NOUN
ajeer-259	178	12	market	market	NOUN
ajeer-259	178	13	,	,	PUNCT
ajeer-259	178	14	within	within	ADP
ajeer-259	178	15	the	the	DET
ajeer-259	178	16	framework	framework	NOUN
ajeer-259	178	17	of	of	ADP
ajeer-259	178	18	a	a	DET
ajeer-259	178	19	random	random	ADJ
ajeer-259	178	20	walk	walk	NOUN
ajeer-259	178	21	model	model	NOUN
ajeer-259	178	22	,	,	PUNCT
ajeer-259	178	23	to	to	PART
ajeer-259	178	24	compare	compare	VERB
ajeer-259	178	25	the	the	DET
ajeer-259	178	26	results	result	NOUN
ajeer-259	178	27	before	before	ADP
ajeer-259	178	28	and	and	CCONJ
ajeer-259	178	29	after	after	ADP
ajeer-259	178	30	a	a	DET
ajeer-259	178	31	substantial	substantial	ADJ
ajeer-259	178	32	relaxation	relaxation	NOUN
ajeer-259	178	33	of	of	ADP
ajeer-259	178	34	daily	daily	ADJ
ajeer-259	178	35	price	price	NOUN
ajeer-259	178	36	limits	limit	NOUN
ajeer-259	178	37	effective	effective	ADJ
ajeer-259	178	38	on	on	ADP
ajeer-259	178	39	june	june	PROPN
ajeer-259	178	40	15	15	NUM
ajeer-259	178	41	,	,	PUNCT
ajeer-259	178	42	2015	2015	NUM
ajeer-259	178	43	.	.	PUNCT
ajeer-259	179	1	chowdenning	chowdenne	VERB
ajeer-259	179	2	and	and	CCONJ
ajeer-259	179	3	richardson	richardson	PROPN
ajeer-259	179	4	-	-	PUNCT
ajeer-259	179	5	smith	smith	PROPN
ajeer-259	179	6	multiple	multiple	ADJ
ajeer-259	179	7	variance	variance	NOUN
ajeer-259	179	8	ratio	ratio	NOUN
ajeer-259	179	9	tests	test	NOUN
ajeer-259	179	10	have	have	AUX
ajeer-259	179	11	been	be	AUX
ajeer-259	179	12	employed	employ	VERB
ajeer-259	179	13	to	to	PART
ajeer-259	179	14	find	find	VERB
ajeer-259	179	15	out	out	ADP
ajeer-259	179	16	the	the	DET
ajeer-259	179	17	effect	effect	NOUN
ajeer-259	179	18	of	of	ADP
ajeer-259	179	19	expansion	expansion	NOUN
ajeer-259	179	20	of	of	ADP
ajeer-259	179	21	price	price	NOUN
ajeer-259	179	22	limits	limit	NOUN
ajeer-259	179	23	on	on	ADP
ajeer-259	179	24	the	the	DET
ajeer-259	179	25	market	market	NOUN
ajeer-259	179	26	efficiency	efficiency	NOUN
ajeer-259	179	27	.	.	PUNCT
ajeer-259	180	1	the	the	DET
ajeer-259	180	2	daily	daily	ADJ
ajeer-259	180	3	returns	return	NOUN
ajeer-259	180	4	for	for	ADP
ajeer-259	180	5	the	the	DET
ajeer-259	180	6	korean	korean	ADJ
ajeer-259	180	7	stock	stock	NOUN
ajeer-259	180	8	market	market	NOUN
ajeer-259	180	9	index	index	NOUN
ajeer-259	180	10	and	and	CCONJ
ajeer-259	180	11	60	60	NUM
ajeer-259	180	12	stocks	stock	NOUN
ajeer-259	180	13	listed	list	VERB
ajeer-259	180	14	in	in	ADP
ajeer-259	180	15	the	the	DET
ajeer-259	180	16	korea	korea	PROPN
ajeer-259	180	17	exchange	exchange	PROPN
ajeer-259	180	18	were	be	AUX
ajeer-259	180	19	examined	examine	VERB
ajeer-259	180	20	over	over	ADP
ajeer-259	180	21	the	the	DET
ajeer-259	180	22	period	period	NOUN
ajeer-259	180	23	from	from	ADP
ajeer-259	180	24	january	january	PROPN
ajeer-259	180	25	2	2	NUM
ajeer-259	180	26	,	,	PUNCT
ajeer-259	180	27	2012	2012	NUM
ajeer-259	180	28	to	to	ADP
ajeer-259	180	29	november	november	PROPN
ajeer-259	180	30	30	30	NUM
ajeer-259	180	31	,	,	PUNCT
ajeer-259	180	32	2017	2017	NUM
ajeer-259	180	33	which	which	PRON
ajeer-259	180	34	was	be	AUX
ajeer-259	180	35	divided	divide	VERB
ajeer-259	180	36	into	into	ADP
ajeer-259	180	37	two	two	NUM
ajeer-259	180	38	sub	sub	NOUN
ajeer-259	180	39	-	-	ADJ
ajeer-259	180	40	periods	period	NOUN
ajeer-259	180	41	i.e.	i.e.	X
ajeer-259	180	42	,	,	PUNCT
ajeer-259	180	43	period	period	NOUN
ajeer-259	180	44	from	from	ADP
ajeer-259	180	45	january	january	PROPN
ajeer-259	180	46	2	2	NUM
ajeer-259	180	47	,	,	PUNCT
ajeer-259	180	48	2012	2012	NUM
ajeer-259	180	49	to	to	ADP
ajeer-259	180	50	june	june	PROPN
ajeer-259	180	51	14	14	NUM
ajeer-259	180	52	,	,	PUNCT
ajeer-259	180	53	2015	2015	NUM
ajeer-259	180	54	and	and	CCONJ
ajeer-259	180	55	period	period	NOUN
ajeer-259	180	56	from	from	ADP
ajeer-259	180	57	june	june	PROPN
ajeer-259	180	58	15	15	NUM
ajeer-259	180	59	,	,	PUNCT
ajeer-259	180	60	2015	2015	NUM
ajeer-259	180	61	to	to	ADP
ajeer-259	180	62	november	november	PROPN
ajeer-259	180	63	30	30	NUM
ajeer-259	180	64	,	,	PUNCT
ajeer-259	180	65	2017	2017	NUM
ajeer-259	180	66	for	for	ADP
ajeer-259	180	67	the	the	DET
ajeer-259	180	68	comparison	comparison	NOUN
ajeer-259	180	69	purpose	purpose	NOUN
ajeer-259	180	70	.	.	PUNCT
ajeer-259	181	1	the	the	DET
ajeer-259	181	2	sample	sample	NOUN
ajeer-259	181	3	stocks	stock	NOUN
ajeer-259	181	4	were	be	AUX
ajeer-259	181	5	selected	select	VERB
ajeer-259	181	6	from	from	ADP
ajeer-259	181	7	different	different	ADJ
ajeer-259	181	8	industries	industry	NOUN
ajeer-259	181	9	to	to	PART
ajeer-259	181	10	represent	represent	VERB
ajeer-259	181	11	well	well	INTJ
ajeer-259	181	12	the	the	DET
ajeer-259	181	13	stock	stock	NOUN
ajeer-259	181	14	market	market	NOUN
ajeer-259	181	15	.	.	PUNCT
ajeer-259	182	1	according	accord	VERB
ajeer-259	182	2	to	to	ADP
ajeer-259	182	3	the	the	DET
ajeer-259	182	4	results	result	NOUN
ajeer-259	182	5	of	of	ADP
ajeer-259	182	6	the	the	DET
ajeer-259	182	7	tests	test	NOUN
ajeer-259	182	8	,	,	PUNCT
ajeer-259	182	9	the	the	DET
ajeer-259	182	10	daily	daily	ADJ
ajeer-259	182	11	return	return	NOUN
ajeer-259	182	12	of	of	ADP
ajeer-259	182	13	kospi	kospi	NOUN
ajeer-259	182	14	,	,	PUNCT
ajeer-259	182	15	the	the	DET
ajeer-259	182	16	korean	korean	ADJ
ajeer-259	182	17	market	market	NOUN
ajeer-259	182	18	index	index	NOUN
ajeer-259	182	19	,	,	PUNCT
ajeer-259	182	20	followed	follow	VERB
ajeer-259	182	21	the	the	DET
ajeer-259	182	22	random	random	ADJ
ajeer-259	182	23	walk	walk	NOUN
ajeer-259	182	24	process	process	NOUN
ajeer-259	182	25	for	for	ADP
ajeer-259	182	26	both	both	CCONJ
ajeer-259	182	27	the	the	DET
ajeer-259	182	28	periods	period	NOUN
ajeer-259	182	29	under	under	ADP
ajeer-259	182	30	the	the	DET
ajeer-259	182	31	15	15	NUM
ajeer-259	182	32	%	%	NOUN
ajeer-259	182	33	and	and	CCONJ
ajeer-259	182	34	30	30	NUM
ajeer-259	182	35	%	%	NOUN
ajeer-259	182	36	price	price	NOUN
ajeer-259	182	37	limits	limit	NOUN
ajeer-259	182	38	.	.	PUNCT
ajeer-259	183	1	for	for	ADP
ajeer-259	183	2	the	the	DET
ajeer-259	183	3	returns	return	NOUN
ajeer-259	183	4	of	of	ADP
ajeer-259	183	5	sample	sample	NOUN
ajeer-259	183	6	stocks	stock	NOUN
ajeer-259	183	7	,	,	PUNCT
ajeer-259	183	8	the	the	DET
ajeer-259	183	9	number	number	NOUN
ajeer-259	183	10	of	of	ADP
ajeer-259	183	11	stocks	stock	NOUN
ajeer-259	183	12	following	follow	VERB
ajeer-259	183	13	random	random	ADJ
ajeer-259	183	14	walk	walk	NOUN
ajeer-259	183	15	hypothesis	hypothesis	NOUN
ajeer-259	183	16	slightly	slightly	ADV
ajeer-259	183	17	increased	increase	VERB
ajeer-259	183	18	from	from	ADP
ajeer-259	183	19	47	47	NUM
ajeer-259	183	20	stocks	stock	NOUN
ajeer-259	183	21	(	(	PUNCT
ajeer-259	183	22	78.3	78.3	NUM
ajeer-259	183	23	%	%	NOUN
ajeer-259	183	24	)	)	PUNCT
ajeer-259	183	25	under	under	ADP
ajeer-259	183	26	15	15	NUM
ajeer-259	183	27	%	%	NOUN
ajeer-259	183	28	price	price	NOUN
ajeer-259	183	29	limits	limit	NOUN
ajeer-259	183	30	to	to	ADP
ajeer-259	183	31	50	50	NUM
ajeer-259	183	32	stocks	stock	NOUN
ajeer-259	183	33	(	(	PUNCT
ajeer-259	183	34	83.3	83.3	NUM
ajeer-259	183	35	%	%	NOUN
ajeer-259	183	36	)	)	PUNCT
ajeer-259	183	37	under	under	ADP
ajeer-259	183	38	30	30	NUM
ajeer-259	183	39	%	%	NOUN
ajeer-259	183	40	price	price	NOUN
ajeer-259	183	41	limits	limit	NOUN
ajeer-259	183	42	in	in	ADP
ajeer-259	183	43	the	the	DET
ajeer-259	183	44	heteroscedasticity	heteroscedasticity	NOUN
ajeer-259	183	45	robust	robust	ADJ
ajeer-259	183	46	tests	test	NOUN
ajeer-259	183	47	.	.	PUNCT
ajeer-259	184	1	based	base	VERB
ajeer-259	184	2	on	on	ADP
ajeer-259	184	3	the	the	DET
ajeer-259	184	4	homoscedasticity	homoscedasticity	NOUN
ajeer-259	184	5	assumption	assumption	NOUN
ajeer-259	184	6	tests	test	NOUN
ajeer-259	184	7	and	and	CCONJ
ajeer-259	184	8	wald	wald	NOUN
ajeer-259	184	9	tests	test	NOUN
ajeer-259	184	10	,	,	PUNCT
ajeer-259	184	11	the	the	DET
ajeer-259	184	12	number	number	NOUN
ajeer-259	184	13	of	of	ADP
ajeer-259	184	14	stocks	stock	NOUN
ajeer-259	184	15	accepting	accept	VERB
ajeer-259	184	16	the	the	DET
ajeer-259	184	17	null	null	NOUN
ajeer-259	184	18	of	of	ADP
ajeer-259	184	19	random	random	ADJ
ajeer-259	184	20	walk	walk	NOUN
ajeer-259	184	21	hypothesis	hypothesis	NOUN
ajeer-259	184	22	increased	increase	VERB
ajeer-259	184	23	from	from	ADP
ajeer-259	184	24	38	38	NUM
ajeer-259	184	25	stocks	stock	NOUN
ajeer-259	184	26	(	(	PUNCT
ajeer-259	184	27	63.3	63.3	NUM
ajeer-259	184	28	%	%	NOUN
ajeer-259	184	29	)	)	PUNCT
ajeer-259	184	30	and	and	CCONJ
ajeer-259	184	31	39	39	NUM
ajeer-259	184	32	(	(	PUNCT
ajeer-259	184	33	65	65	NUM
ajeer-259	184	34	%	%	NOUN
ajeer-259	184	35	)	)	PUNCT
ajeer-259	184	36	under	under	ADP
ajeer-259	184	37	15	15	NUM
ajeer-259	184	38	%	%	NOUN
ajeer-259	184	39	price	price	NOUN
ajeer-259	184	40	limits	limit	NOUN
ajeer-259	184	41	to	to	ADP
ajeer-259	184	42	46	46	NUM
ajeer-259	184	43	stocks	stock	NOUN
ajeer-259	184	44	(	(	PUNCT
ajeer-259	184	45	76.7	76.7	NUM
ajeer-259	184	46	%	%	NOUN
ajeer-259	184	47	)	)	PUNCT
ajeer-259	184	48	and	and	CCONJ
ajeer-259	184	49	45	45	NUM
ajeer-259	184	50	(	(	PUNCT
ajeer-259	184	51	75	75	NUM
ajeer-259	184	52	%	%	NOUN
ajeer-259	184	53	)	)	PUNCT
ajeer-259	184	54	under	under	ADP
ajeer-259	184	55	30	30	NUM
ajeer-259	184	56	%	%	NOUN
ajeer-259	184	57	price	price	NOUN
ajeer-259	184	58	limits	limit	NOUN
ajeer-259	184	59	,	,	PUNCT
ajeer-259	184	60	respectively	respectively	ADV
ajeer-259	184	61	.	.	PUNCT
ajeer-259	185	1	overall	overall	ADJ
ajeer-259	185	2	findings	finding	NOUN
ajeer-259	185	3	suggested	suggest	VERB
ajeer-259	185	4	that	that	SCONJ
ajeer-259	185	5	within	within	ADP
ajeer-259	185	6	the	the	DET
ajeer-259	185	7	framework	framework	NOUN
ajeer-259	185	8	of	of	ADP
ajeer-259	185	9	a	a	DET
ajeer-259	185	10	random	random	ADJ
ajeer-259	185	11	walk	walk	NOUN
ajeer-259	185	12	model	model	NOUN
ajeer-259	185	13	,	,	PUNCT
ajeer-259	185	14	the	the	DET
ajeer-259	185	15	market	market	NOUN
ajeer-259	185	16	index	index	NOUN
ajeer-259	185	17	showed	show	VERB
ajeer-259	185	18	market	market	NOUN
ajeer-259	185	19	efficiency	efficiency	NOUN
ajeer-259	185	20	in	in	ADP
ajeer-259	185	21	a	a	DET
ajeer-259	185	22	weak	weak	ADJ
ajeer-259	185	23	form	form	NOUN
ajeer-259	185	24	during	during	ADP
ajeer-259	185	25	both	both	DET
ajeer-259	185	26	two	two	NUM
ajeer-259	185	27	sub	sub	NOUN
ajeer-259	185	28	-	-	ADJ
ajeer-259	185	29	periods	period	NOUN
ajeer-259	185	30	.	.	PUNCT
ajeer-259	186	1	individual	individual	ADJ
ajeer-259	186	2	stock	stock	NOUN
ajeer-259	186	3	returns	return	NOUN
ajeer-259	186	4	do	do	AUX
ajeer-259	186	5	not	not	PART
ajeer-259	186	6	behave	behave	VERB
ajeer-259	186	7	in	in	ADP
ajeer-259	186	8	the	the	DET
ajeer-259	186	9	same	same	ADJ
ajeer-259	186	10	way	way	NOUN
ajeer-259	186	11	as	as	ADP
ajeer-259	186	12	that	that	PRON
ajeer-259	186	13	of	of	ADP
ajeer-259	186	14	the	the	DET
ajeer-259	186	15	market	market	NOUN
ajeer-259	186	16	index	index	NOUN
ajeer-259	186	17	in	in	ADP
ajeer-259	186	18	terms	term	NOUN
ajeer-259	186	19	of	of	ADP
ajeer-259	186	20	the	the	DET
ajeer-259	186	21	random	random	ADJ
ajeer-259	186	22	walk	walk	NOUN
ajeer-259	186	23	possibly	possibly	ADV
ajeer-259	186	24	because	because	SCONJ
ajeer-259	186	25	information	information	NOUN
ajeer-259	186	26	is	be	AUX
ajeer-259	186	27	processed	process	VERB
ajeer-259	186	28	differently	differently	ADV
ajeer-259	186	29	across	across	ADP
ajeer-259	186	30	individual	individual	ADJ
ajeer-259	186	31	companies	company	NOUN
ajeer-259	186	32	and	and	CCONJ
ajeer-259	186	33	their	their	PRON
ajeer-259	186	34	stocks	stock	NOUN
ajeer-259	186	35	.	.	PUNCT
ajeer-259	187	1	however	however	ADV
ajeer-259	187	2	,	,	PUNCT
ajeer-259	187	3	this	this	DET
ajeer-259	187	4	study	study	NOUN
ajeer-259	187	5	suggests	suggest	VERB
ajeer-259	187	6	,	,	PUNCT
ajeer-259	187	7	daily	daily	ADJ
ajeer-259	187	8	returns	return	NOUN
ajeer-259	187	9	in	in	ADP
ajeer-259	187	10	more	more	ADJ
ajeer-259	187	11	stocks	stock	NOUN
ajeer-259	187	12	in	in	ADP
ajeer-259	187	13	the	the	DET
ajeer-259	187	14	korean	korean	ADJ
ajeer-259	187	15	stock	stock	NOUN
ajeer-259	187	16	market	market	NOUN
ajeer-259	187	17	appear	appear	VERB
ajeer-259	187	18	to	to	PART
ajeer-259	187	19	behave	behave	VERB
ajeer-259	187	20	in	in	ADP
ajeer-259	187	21	weak	weak	ADJ
ajeer-259	187	22	form	form	NOUN
ajeer-259	187	23	efficient	efficient	ADJ
ajeer-259	187	24	way	way	NOUN
ajeer-259	187	25	as	as	SCONJ
ajeer-259	187	26	the	the	DET
ajeer-259	187	27	price	price	NOUN
ajeer-259	187	28	limits	limit	NOUN
ajeer-259	187	29	are	be	AUX
ajeer-259	187	30	eased	ease	VERB
ajeer-259	187	31	.	.	PUNCT
ajeer-259	188	1	in	in	ADP
ajeer-259	188	2	view	view	NOUN
ajeer-259	188	3	of	of	ADP
ajeer-259	188	4	the	the	DET
ajeer-259	188	5	findings	finding	NOUN
ajeer-259	188	6	in	in	ADP
ajeer-259	188	7	this	this	DET
ajeer-259	188	8	study	study	NOUN
ajeer-259	188	9	and	and	CCONJ
ajeer-259	188	10	the	the	DET
ajeer-259	188	11	resilience	resilience	NOUN
ajeer-259	188	12	the	the	DET
ajeer-259	188	13	stock	stock	NOUN
ajeer-259	188	14	market	market	NOUN
ajeer-259	188	15	has	have	AUX
ajeer-259	188	16	shown	show	VERB
ajeer-259	188	17	since	since	SCONJ
ajeer-259	188	18	the	the	DET
ajeer-259	188	19	substantial	substantial	ADJ
ajeer-259	188	20	relaxation	relaxation	NOUN
ajeer-259	188	21	of	of	ADP
ajeer-259	188	22	daily	daily	ADJ
ajeer-259	188	23	price	price	NOUN
ajeer-259	188	24	limits	limit	NOUN
ajeer-259	188	25	,	,	PUNCT
ajeer-259	188	26	it	it	PRON
ajeer-259	188	27	seems	seem	VERB
ajeer-259	188	28	that	that	SCONJ
ajeer-259	188	29	consideration	consideration	NOUN
ajeer-259	188	30	should	should	AUX
ajeer-259	188	31	be	be	AUX
ajeer-259	188	32	given	give	VERB
ajeer-259	188	33	for	for	SCONJ
ajeer-259	188	34	the	the	DET
ajeer-259	188	35	price	price	NOUN
ajeer-259	188	36	limits	limit	NOUN
ajeer-259	188	37	to	to	PART
ajeer-259	188	38	be	be	AUX
ajeer-259	188	39	removed	remove	VERB
ajeer-259	188	40	completely	completely	ADV
ajeer-259	188	41	further	far	ADV
ajeer-259	188	42	down	down	ADP
ajeer-259	188	43	the	the	DET
ajeer-259	188	44	line	line	NOUN
ajeer-259	188	45	to	to	PART
ajeer-259	188	46	enhance	enhance	VERB
ajeer-259	188	47	the	the	DET
ajeer-259	188	48	informational	informational	ADJ
ajeer-259	188	49	efficiency	efficiency	NOUN
ajeer-259	188	50	of	of	ADP
ajeer-259	188	51	the	the	DET
ajeer-259	188	52	country	country	NOUN
ajeer-259	188	53	’s	’s	PART
ajeer-259	188	54	stock	stock	NOUN
ajeer-259	188	55	market	market	NOUN
ajeer-259	188	56	so	so	SCONJ
ajeer-259	188	57	as	as	SCONJ
ajeer-259	188	58	to	to	PART
ajeer-259	188	59	be	be	AUX
ajeer-259	188	60	on	on	ADP
ajeer-259	188	61	a	a	DET
ajeer-259	188	62	par	par	NOUN
ajeer-259	188	63	with	with	ADP
ajeer-259	188	64	well	well	ADV
ajeer-259	188	65	-	-	PUNCT
ajeer-259	188	66	developed	develop	VERB
ajeer-259	188	67	global	global	ADJ
ajeer-259	188	68	stock	stock	NOUN
ajeer-259	188	69	markets	market	NOUN
ajeer-259	188	70	.	.	PUNCT
ajeer-259	189	1	references	reference	NOUN
ajeer-259	189	2	amélie	amélie	PROPN
ajeer-259	189	3	,	,	PUNCT
ajeer-259	189	4	c.	c.	PROPN
ajeer-259	189	5	and	and	CCONJ
ajeer-259	189	6	o.	o.	PROPN
ajeer-259	189	7	darné	darné	NOUN
ajeer-259	189	8	,	,	PUNCT
ajeer-259	189	9	2009	2009	NUM
ajeer-259	189	10	.	.	PUNCT
ajeer-259	190	1	variance	variance	NOUN
ajeer-259	190	2	-	-	PUNCT
ajeer-259	190	3	ratio	ratio	NOUN
ajeer-259	190	4	tests	test	NOUN
ajeer-259	190	5	of	of	ADP
ajeer-259	190	6	random	random	ADJ
ajeer-259	190	7	walk	walk	NOUN
ajeer-259	190	8	:	:	PUNCT
ajeer-259	190	9	an	an	DET
ajeer-259	190	10	overview	overview	NOUN
ajeer-259	190	11	.	.	PUNCT
ajeer-259	191	1	journal	journal	NOUN
ajeer-259	191	2	of	of	ADP
ajeer-259	191	3	economic	economic	ADJ
ajeer-259	191	4	surveys	survey	NOUN
ajeer-259	191	5	,	,	PUNCT
ajeer-259	191	6	23(3	23(3	NUM
ajeer-259	191	7	):	):	PUNCT
ajeer-259	191	8	503	503	NUM
ajeer-259	191	9	-	-	SYM
ajeer-259	191	10	527	527	NUM
ajeer-259	191	11	.	.	PUNCT
ajeer-259	191	12	available	available	ADJ
ajeer-259	191	13	at	at	ADP
ajeer-259	191	14	:	:	PUNCT
ajeer-259	191	15	https://doi.org/10.1111/j.1467-6419.2008.00570.x	https://doi.org/10.1111/j.1467-6419.2008.00570.x	ADJ
ajeer-259	191	16	.	.	PUNCT
ajeer-259	192	1	ayadi	ayadi	PROPN
ajeer-259	192	2	,	,	PUNCT
ajeer-259	192	3	o.f	o.f	PROPN
ajeer-259	192	4	.	.	PROPN
ajeer-259	192	5	and	and	CCONJ
ajeer-259	192	6	c.s	c.s	PROPN
ajeer-259	192	7	.	.	PROPN
ajeer-259	192	8	pyun	pyun	PROPN
ajeer-259	192	9	,	,	PUNCT
ajeer-259	192	10	1994	1994	NUM
ajeer-259	192	11	.	.	PUNCT
ajeer-259	193	1	an	an	DET
ajeer-259	193	2	application	application	NOUN
ajeer-259	193	3	of	of	ADP
ajeer-259	193	4	variance	variance	NOUN
ajeer-259	193	5	ratio	ratio	NOUN
ajeer-259	193	6	test	test	NOUN
ajeer-259	193	7	to	to	ADP
ajeer-259	193	8	the	the	DET
ajeer-259	193	9	korean	korean	ADJ
ajeer-259	193	10	securities	security	NOUN
ajeer-259	193	11	market	market	NOUN
ajeer-259	193	12	.	.	PUNCT
ajeer-259	194	1	journal	journal	NOUN
ajeer-259	194	2	of	of	ADP
ajeer-259	194	3	banking	banking	NOUN
ajeer-259	194	4	&	&	CCONJ
ajeer-259	194	5	finance	finance	PROPN
ajeer-259	194	6	,	,	PUNCT
ajeer-259	194	7	18(4	18(4	NUM
ajeer-259	194	8	):	):	PUNCT
ajeer-259	194	9	643	643	NUM
ajeer-259	194	10	-	-	SYM
ajeer-259	194	11	658	658	NUM
ajeer-259	194	12	.	.	PUNCT
ajeer-259	194	13	available	available	ADJ
ajeer-259	194	14	at	at	ADP
ajeer-259	194	15	:	:	PUNCT
ajeer-259	194	16	https://doi.org/10.1016/0378-4266(94)00012-3	https://doi.org/10.1016/0378-4266(94)00012-3	PROPN
ajeer-259	194	17	.	.	PUNCT
ajeer-259	194	18	berkman	berkman	PROPN
ajeer-259	194	19	,	,	PUNCT
ajeer-259	194	20	h.	h.	PROPN
ajeer-259	194	21	and	and	CCONJ
ajeer-259	194	22	j.b.t	j.b.t	PROPN
ajeer-259	194	23	.	.	PUNCT
ajeer-259	195	1	lee	lee	PROPN
ajeer-259	195	2	,	,	PUNCT
ajeer-259	195	3	2002	2002	NUM
ajeer-259	195	4	.	.	PUNCT
ajeer-259	196	1	the	the	DET
ajeer-259	196	2	effectiveness	effectiveness	NOUN
ajeer-259	196	3	of	of	ADP
ajeer-259	196	4	price	price	NOUN
ajeer-259	196	5	limits	limit	NOUN
ajeer-259	196	6	in	in	ADP
ajeer-259	196	7	an	an	DET
ajeer-259	196	8	emerging	emerge	VERB
ajeer-259	196	9	market	market	NOUN
ajeer-259	196	10	:	:	PUNCT
ajeer-259	196	11	evidence	evidence	NOUN
ajeer-259	196	12	from	from	ADP
ajeer-259	196	13	the	the	DET
ajeer-259	196	14	korean	korean	ADJ
ajeer-259	196	15	stock	stock	NOUN
ajeer-259	196	16	exchange	exchange	PROPN
ajeer-259	196	17	.	.	PUNCT
ajeer-259	197	1	pacific	pacific	ADJ
ajeer-259	197	2	-	-	PUNCT
ajeer-259	197	3	basin	basin	NOUN
ajeer-259	197	4	finance	finance	NOUN
ajeer-259	197	5	journal	journal	NOUN
ajeer-259	197	6	,	,	PUNCT
ajeer-259	197	7	10(5	10(5	NUM
ajeer-259	197	8	):	):	PUNCT
ajeer-259	197	9	517	517	NUM
ajeer-259	197	10	-	-	SYM
ajeer-259	197	11	530	530	NUM
ajeer-259	197	12	.	.	PUNCT
ajeer-259	197	13	available	available	ADJ
ajeer-259	197	14	at	at	ADP
ajeer-259	197	15	:	:	PUNCT
ajeer-259	197	16	https://doi.org/10.1016/s0927-538x(02)00040-9	https://doi.org/10.1016/s0927-538x(02)00040-9	PROPN
ajeer-259	197	17	.	.	PUNCT
ajeer-259	198	1	chow	chow	PROPN
ajeer-259	198	2	,	,	PUNCT
ajeer-259	198	3	k.v	k.v	PROPN
ajeer-259	198	4	.	.	PROPN
ajeer-259	198	5	and	and	CCONJ
ajeer-259	198	6	k.c	k.c	PROPN
ajeer-259	198	7	.	.	PROPN
ajeer-259	198	8	denning	denning	NOUN
ajeer-259	198	9	,	,	PUNCT
ajeer-259	198	10	1993	1993	NUM
ajeer-259	198	11	.	.	PUNCT
ajeer-259	199	1	a	a	DET
ajeer-259	199	2	simple	simple	ADJ
ajeer-259	199	3	multiple	multiple	ADJ
ajeer-259	199	4	variance	variance	NOUN
ajeer-259	199	5	ratio	ratio	NOUN
ajeer-259	199	6	test	test	NOUN
ajeer-259	199	7	.	.	PUNCT
ajeer-259	200	1	journal	journal	NOUN
ajeer-259	200	2	of	of	ADP
ajeer-259	200	3	econometrics	econometric	NOUN
ajeer-259	200	4	,	,	PUNCT
ajeer-259	200	5	58(3	58(3	NUM
ajeer-259	200	6	):	):	PUNCT
ajeer-259	200	7	385	385	NUM
ajeer-259	200	8	-	-	SYM
ajeer-259	200	9	401	401	NUM
ajeer-259	200	10	.	.	PUNCT
ajeer-259	200	11	available	available	ADJ
ajeer-259	200	12	at	at	ADP
ajeer-259	200	13	:	:	PUNCT
ajeer-259	200	14	https://doi.org/10.1016/0304-4076(93)90051-6	https://doi.org/10.1016/0304-4076(93)90051-6	PROPN
ajeer-259	200	15	.	.	PUNCT
ajeer-259	201	1	fama	fama	PROPN
ajeer-259	201	2	,	,	PUNCT
ajeer-259	201	3	e.f	e.f	PROPN
ajeer-259	201	4	.	.	PROPN
ajeer-259	201	5	,	,	PUNCT
ajeer-259	201	6	1965	1965	NUM
ajeer-259	201	7	.	.	PUNCT
ajeer-259	202	1	the	the	DET
ajeer-259	202	2	behavior	behavior	NOUN
ajeer-259	202	3	of	of	ADP
ajeer-259	202	4	stock	stock	NOUN
ajeer-259	202	5	-	-	PUNCT
ajeer-259	202	6	market	market	NOUN
ajeer-259	202	7	prices	price	NOUN
ajeer-259	202	8	.	.	PUNCT
ajeer-259	203	1	the	the	DET
ajeer-259	203	2	journal	journal	NOUN
ajeer-259	203	3	of	of	ADP
ajeer-259	203	4	business	business	NOUN
ajeer-259	203	5	,	,	PUNCT
ajeer-259	203	6	38(1	38(1	NUM
ajeer-259	203	7	):	):	PUNCT
ajeer-259	203	8	34	34	NUM
ajeer-259	203	9	-	-	SYM
ajeer-259	203	10	105	105	NUM
ajeer-259	203	11	.	.	PUNCT
ajeer-259	203	12	available	available	ADJ
ajeer-259	203	13	at	at	ADP
ajeer-259	203	14	:	:	PUNCT
ajeer-259	203	15	https://doi.org/10.1086/294743	https://doi.org/10.1086/294743	X
ajeer-259	203	16	.	.	PUNCT
ajeer-259	203	17	fama	fama	PROPN
ajeer-259	203	18	,	,	PUNCT
ajeer-259	203	19	e.f	e.f	PROPN
ajeer-259	203	20	.	.	PROPN
ajeer-259	203	21	,	,	PUNCT
ajeer-259	203	22	1970	1970	NUM
ajeer-259	203	23	.	.	PUNCT
ajeer-259	204	1	efficient	efficient	ADJ
ajeer-259	204	2	capital	capital	NOUN
ajeer-259	204	3	markets	market	NOUN
ajeer-259	204	4	:	:	PUNCT
ajeer-259	204	5	a	a	DET
ajeer-259	204	6	review	review	NOUN
ajeer-259	204	7	of	of	ADP
ajeer-259	204	8	theory	theory	NOUN
ajeer-259	204	9	and	and	CCONJ
ajeer-259	204	10	empirical	empirical	ADJ
ajeer-259	204	11	work	work	NOUN
ajeer-259	204	12	.	.	PUNCT
ajeer-259	205	1	the	the	DET
ajeer-259	205	2	journal	journal	PROPN
ajeer-259	205	3	of	of	ADP
ajeer-259	205	4	finance	finance	NOUN
ajeer-259	205	5	,	,	PUNCT
ajeer-259	205	6	25(2	25(2	NUM
ajeer-259	205	7	):	):	PUNCT
ajeer-259	205	8	383	383	NUM
ajeer-259	205	9	-	-	SYM
ajeer-259	205	10	417	417	NUM
ajeer-259	205	11	.	.	PUNCT
ajeer-259	205	12	available	available	ADJ
ajeer-259	205	13	at	at	ADP
ajeer-259	205	14	:	:	PUNCT
ajeer-259	205	15	https://doi.org/10.2307/2325486	https://doi.org/10.2307/2325486	PROPN
ajeer-259	205	16	.	.	PUNCT
ajeer-259	206	1	fama	fama	PROPN
ajeer-259	206	2	,	,	PUNCT
ajeer-259	206	3	e.f	e.f	PROPN
ajeer-259	206	4	.	.	PROPN
ajeer-259	206	5	,	,	PUNCT
ajeer-259	206	6	1991	1991	NUM
ajeer-259	206	7	.	.	PUNCT
ajeer-259	207	1	efficient	efficient	ADJ
ajeer-259	207	2	capital	capital	NOUN
ajeer-259	207	3	markets	market	NOUN
ajeer-259	207	4	:	:	PUNCT
ajeer-259	207	5	ii	ii	X
ajeer-259	207	6	.	.	PUNCT
ajeer-259	208	1	the	the	DET
ajeer-259	208	2	journal	journal	PROPN
ajeer-259	208	3	of	of	ADP
ajeer-259	208	4	finance	finance	NOUN
ajeer-259	208	5	,	,	PUNCT
ajeer-259	208	6	46(5	46(5	PROPN
ajeer-259	208	7	):	):	PUNCT
ajeer-259	208	8	1575-1617.available	1575-1617.available	NUM
ajeer-259	208	9	at	at	ADP
ajeer-259	208	10	:	:	PUNCT
ajeer-259	208	11	https://doi.org/10.2307/2328565	https://doi.org/10.2307/2328565	PROPN
ajeer-259	208	12	.	.	PUNCT
ajeer-259	209	1	fong	fong	PROPN
ajeer-259	209	2	,	,	PUNCT
ajeer-259	209	3	w.m	w.m	PROPN
ajeer-259	209	4	.	.	PROPN
ajeer-259	209	5	,	,	PUNCT
ajeer-259	209	6	s.k	s.k	PROPN
ajeer-259	209	7	.	.	PROPN
ajeer-259	209	8	koh	koh	PROPN
ajeer-259	209	9	and	and	CCONJ
ajeer-259	209	10	s.	s.	PROPN
ajeer-259	209	11	ouliaris	ouliaris	PROPN
ajeer-259	209	12	,	,	PUNCT
ajeer-259	209	13	1997	1997	NUM
ajeer-259	209	14	.	.	PUNCT
ajeer-259	210	1	joint	joint	ADJ
ajeer-259	210	2	variance	variance	NOUN
ajeer-259	210	3	-	-	PUNCT
ajeer-259	210	4	ratio	ratio	NOUN
ajeer-259	210	5	tests	test	NOUN
ajeer-259	210	6	of	of	ADP
ajeer-259	210	7	the	the	DET
ajeer-259	210	8	martingale	martingale	ADJ
ajeer-259	210	9	hypothesis	hypothesis	NOUN
ajeer-259	210	10	for	for	ADP
ajeer-259	210	11	exchange	exchange	NOUN
ajeer-259	210	12	rates	rate	NOUN
ajeer-259	210	13	.	.	PUNCT
ajeer-259	211	1	journal	journal	NOUN
ajeer-259	211	2	of	of	ADP
ajeer-259	211	3	business	business	PROPN
ajeer-259	211	4	&	&	CCONJ
ajeer-259	211	5	economic	economic	ADJ
ajeer-259	211	6	statistics	statistic	NOUN
ajeer-259	211	7	,	,	PUNCT
ajeer-259	211	8	15(1	15(1	NUM
ajeer-259	211	9	):	):	PUNCT
ajeer-259	211	10	51	51	NUM
ajeer-259	211	11	-	-	SYM
ajeer-259	211	12	59	59	NUM
ajeer-259	211	13	.	.	PUNCT
ajeer-259	211	14	available	available	ADJ
ajeer-259	211	15	at	at	ADP
ajeer-259	211	16	:	:	PUNCT
ajeer-259	211	17	https://doi.org/10.2307/1392073	https://doi.org/10.2307/1392073	NOUN
ajeer-259	211	18	.	.	PUNCT
ajeer-259	212	1	hasanov	hasanov	PROPN
ajeer-259	212	2	,	,	PUNCT
ajeer-259	212	3	m.	m.	NOUN
ajeer-259	212	4	,	,	PUNCT
ajeer-259	212	5	2009	2009	NUM
ajeer-259	212	6	.	.	PUNCT
ajeer-259	212	7	is	be	AUX
ajeer-259	212	8	south	south	PROPN
ajeer-259	212	9	korea	korea	PROPN
ajeer-259	212	10	's	's	PART
ajeer-259	212	11	stock	stock	NOUN
ajeer-259	212	12	market	market	NOUN
ajeer-259	212	13	efficient	efficient	ADJ
ajeer-259	212	14	?	?	PUNCT
ajeer-259	213	1	evidence	evidence	NOUN
ajeer-259	213	2	from	from	ADP
ajeer-259	213	3	a	a	DET
ajeer-259	213	4	nonlinear	nonlinear	ADJ
ajeer-259	213	5	unit	unit	NOUN
ajeer-259	213	6	root	root	NOUN
ajeer-259	213	7	test	test	NOUN
ajeer-259	213	8	.	.	PUNCT
ajeer-259	214	1	applied	apply	VERB
ajeer-259	214	2	economics	economic	NOUN
ajeer-259	214	3	letters	letter	NOUN
ajeer-259	214	4	,	,	PUNCT
ajeer-259	214	5	16(2	16(2	NUM
ajeer-259	214	6	):	):	PUNCT
ajeer-259	214	7	163167	163167	NUM
ajeer-259	214	8	.	.	PUNCT
ajeer-259	215	1	available	available	ADJ
ajeer-259	215	2	at	at	ADP
ajeer-259	215	3	:	:	PUNCT
ajeer-259	215	4	https://doi.org/10.1080/13504850601018270	https://doi.org/10.1080/13504850601018270	INTJ
ajeer-259	215	5	.	.	PUNCT
ajeer-259	216	1	hoque	hoque	NOUN
ajeer-259	216	2	,	,	PUNCT
ajeer-259	216	3	h.a	h.a	PROPN
ajeer-259	216	4	.	.	PROPN
ajeer-259	216	5	,	,	PUNCT
ajeer-259	216	6	j.h	j.h	PROPN
ajeer-259	216	7	.	.	PROPN
ajeer-259	216	8	kim	kim	PROPN
ajeer-259	216	9	and	and	CCONJ
ajeer-259	216	10	c.s	c.s	PROPN
ajeer-259	216	11	.	.	PROPN
ajeer-259	216	12	pyun	pyun	PROPN
ajeer-259	216	13	,	,	PUNCT
ajeer-259	216	14	2007	2007	NUM
ajeer-259	216	15	.	.	PUNCT
ajeer-259	217	1	a	a	DET
ajeer-259	217	2	comparison	comparison	NOUN
ajeer-259	217	3	of	of	ADP
ajeer-259	217	4	variance	variance	NOUN
ajeer-259	217	5	ratio	ratio	NOUN
ajeer-259	217	6	tests	test	NOUN
ajeer-259	217	7	of	of	ADP
ajeer-259	217	8	random	random	ADJ
ajeer-259	217	9	walk	walk	NOUN
ajeer-259	217	10	:	:	PUNCT
ajeer-259	217	11	a	a	DET
ajeer-259	217	12	case	case	NOUN
ajeer-259	217	13	of	of	ADP
ajeer-259	217	14	asian	asian	ADJ
ajeer-259	217	15	emerging	emerge	VERB
ajeer-259	217	16	stock	stock	NOUN
ajeer-259	217	17	markets	market	NOUN
ajeer-259	217	18	.	.	PUNCT
ajeer-259	218	1	international	international	ADJ
ajeer-259	218	2	review	review	NOUN
ajeer-259	218	3	of	of	ADP
ajeer-259	218	4	economics	economics	PROPN
ajeer-259	218	5	&	&	CCONJ
ajeer-259	218	6	finance	finance	PROPN
ajeer-259	218	7	,	,	PUNCT
ajeer-259	218	8	16(4	16(4	NUM
ajeer-259	218	9	):	):	PUNCT
ajeer-259	218	10	488	488	NUM
ajeer-259	218	11	-	-	SYM
ajeer-259	218	12	502	502	NUM
ajeer-259	218	13	.	.	PUNCT
ajeer-259	218	14	available	available	ADJ
ajeer-259	218	15	at	at	ADP
ajeer-259	218	16	:	:	PUNCT
ajeer-259	218	17	https://doi.org/10.1016/j.iref.2006.01.001	https://doi.org/10.1016/j.iref.2006.01.001	PROPN
ajeer-259	218	18	.	.	PUNCT
ajeer-259	219	1	huang	huang	PROPN
ajeer-259	219	2	,	,	PUNCT
ajeer-259	219	3	b.-n	b.-n	PROPN
ajeer-259	219	4	.	.	PROPN
ajeer-259	219	5	,	,	PUNCT
ajeer-259	219	6	1995	1995	NUM
ajeer-259	219	7	.	.	PUNCT
ajeer-259	220	1	do	do	AUX
ajeer-259	220	2	asian	asian	ADJ
ajeer-259	220	3	stock	stock	NOUN
ajeer-259	220	4	market	market	NOUN
ajeer-259	220	5	prices	price	NOUN
ajeer-259	220	6	follow	follow	VERB
ajeer-259	220	7	random	random	ADJ
ajeer-259	220	8	walks	walk	NOUN
ajeer-259	220	9	?	?	PUNCT
ajeer-259	221	1	evidence	evidence	NOUN
ajeer-259	221	2	from	from	ADP
ajeer-259	221	3	the	the	DET
ajeer-259	221	4	variance	variance	NOUN
ajeer-259	221	5	ratio	ratio	NOUN
ajeer-259	221	6	test	test	NOUN
ajeer-259	221	7	.	.	PUNCT
ajeer-259	222	1	applied	apply	VERB
ajeer-259	222	2	financial	financial	ADJ
ajeer-259	222	3	economics	economic	NOUN
ajeer-259	222	4	,	,	PUNCT
ajeer-259	222	5	5(4	5(4	NUM
ajeer-259	222	6	):	):	PUNCT
ajeer-259	222	7	251	251	NUM
ajeer-259	222	8	-	-	SYM
ajeer-259	222	9	256	256	NUM
ajeer-259	222	10	.	.	PUNCT
ajeer-259	222	11	available	available	ADJ
ajeer-259	222	12	at	at	ADP
ajeer-259	222	13	:	:	PUNCT
ajeer-259	222	14	https://doi.org/10.1080/758536875	https://doi.org/10.1080/758536875	PROPN
ajeer-259	222	15	.	.	PUNCT
ajeer-259	223	1	kim	kim	PROPN
ajeer-259	223	2	,	,	PUNCT
ajeer-259	223	3	j.h	j.h	PROPN
ajeer-259	223	4	.	.	PROPN
ajeer-259	223	5	and	and	CCONJ
ajeer-259	223	6	a.	a.	NOUN
ajeer-259	223	7	shamsuddin	shamsuddin	PROPN
ajeer-259	223	8	,	,	PUNCT
ajeer-259	223	9	2008	2008	NUM
ajeer-259	223	10	.	.	PUNCT
ajeer-259	223	11	are	be	AUX
ajeer-259	223	12	asian	asian	ADJ
ajeer-259	223	13	stock	stock	NOUN
ajeer-259	223	14	markets	market	NOUN
ajeer-259	223	15	efficient	efficient	ADJ
ajeer-259	223	16	?	?	PUNCT
ajeer-259	224	1	evidence	evidence	NOUN
ajeer-259	224	2	from	from	ADP
ajeer-259	224	3	new	new	ADJ
ajeer-259	224	4	multiple	multiple	ADJ
ajeer-259	224	5	variance	variance	NOUN
ajeer-259	224	6	ratio	ratio	NOUN
ajeer-259	224	7	tests	test	NOUN
ajeer-259	224	8	.	.	PUNCT
ajeer-259	225	1	journal	journal	NOUN
ajeer-259	225	2	of	of	ADP
ajeer-259	225	3	empirical	empirical	ADJ
ajeer-259	225	4	finance	finance	NOUN
ajeer-259	225	5	,	,	PUNCT
ajeer-259	225	6	15(3	15(3	NUM
ajeer-259	225	7	):	):	PUNCT
ajeer-259	225	8	518	518	NUM
ajeer-259	225	9	-	-	SYM
ajeer-259	225	10	532	532	NUM
ajeer-259	225	11	.	.	PUNCT
ajeer-259	225	12	available	available	ADJ
ajeer-259	225	13	at	at	ADP
ajeer-259	225	14	:	:	PUNCT
ajeer-259	225	15	https://doi.org/10.1016/j.jempfin.2007.07.001	https://doi.org/10.1016/j.jempfin.2007.07.001	NUM
ajeer-259	225	16	.	.	PUNCT
ajeer-259	226	1	asian	asian	ADJ
ajeer-259	226	2	journal	journal	PROPN
ajeer-259	226	3	of	of	ADP
ajeer-259	226	4	economics	economic	NOUN
ajeer-259	226	5	and	and	CCONJ
ajeer-259	226	6	empirical	empirical	ADJ
ajeer-259	226	7	research	research	NOUN
ajeer-259	226	8	,	,	PUNCT
ajeer-259	226	9	2018	2018	NUM
ajeer-259	226	10	,	,	PUNCT
ajeer-259	226	11	5(2	5(2	NUM
ajeer-259	226	12	):	):	PUNCT
ajeer-259	226	13	191	191	NUM
ajeer-259	226	14	-	-	SYM
ajeer-259	226	15	200	200	NUM
ajeer-259	226	16	199	199	NUM
ajeer-259	226	17	lee	lee	PROPN
ajeer-259	226	18	,	,	PUNCT
ajeer-259	226	19	s.b	s.b	PROPN
ajeer-259	226	20	.	.	PROPN
ajeer-259	226	21	and	and	CCONJ
ajeer-259	226	22	j.s	j.s	PROPN
ajeer-259	226	23	.	.	PROPN
ajeer-259	226	24	chung	chung	PROPN
ajeer-259	226	25	,	,	PUNCT
ajeer-259	226	26	1996	1996	NUM
ajeer-259	226	27	.	.	PUNCT
ajeer-259	227	1	price	price	NOUN
ajeer-259	227	2	limits	limit	NOUN
ajeer-259	227	3	and	and	CCONJ
ajeer-259	227	4	stock	stock	NOUN
ajeer-259	227	5	market	market	NOUN
ajeer-259	227	6	efficiency	efficiency	NOUN
ajeer-259	227	7	.	.	PUNCT
ajeer-259	228	1	journal	journal	NOUN
ajeer-259	228	2	of	of	ADP
ajeer-259	228	3	business	business	NOUN
ajeer-259	228	4	finance	finance	PROPN
ajeer-259	228	5	&	&	CCONJ
ajeer-259	228	6	accounting	accounting	PROPN
ajeer-259	228	7	,	,	PUNCT
ajeer-259	228	8	23(4	23(4	NOUN
ajeer-259	228	9	):	):	PUNCT
ajeer-259	228	10	585	585	NUM
ajeer-259	228	11	-	-	SYM
ajeer-259	228	12	601	601	NUM
ajeer-259	228	13	.	.	PUNCT
ajeer-259	228	14	available	available	ADJ
ajeer-259	228	15	at	at	ADP
ajeer-259	228	16	:	:	PUNCT
ajeer-259	228	17	https://doi.org/10.1111/j.1468-5957.1996.tb01027.x	https://doi.org/10.1111/j.1468-5957.1996.tb01027.x	PROPN
ajeer-259	228	18	.	.	PROPN
ajeer-259	228	19	lee	lee	PROPN
ajeer-259	228	20	,	,	PUNCT
ajeer-259	228	21	s.b	s.b	PROPN
ajeer-259	228	22	.	.	PROPN
ajeer-259	228	23	and	and	CCONJ
ajeer-259	228	24	k.j	k.j	PROPN
ajeer-259	228	25	.	.	PUNCT
ajeer-259	228	26	kim	kim	PROPN
ajeer-259	228	27	,	,	PUNCT
ajeer-259	228	28	1995	1995	NUM
ajeer-259	228	29	.	.	PUNCT
ajeer-259	229	1	the	the	DET
ajeer-259	229	2	effect	effect	NOUN
ajeer-259	229	3	of	of	ADP
ajeer-259	229	4	price	price	NOUN
ajeer-259	229	5	limits	limit	NOUN
ajeer-259	229	6	on	on	ADP
ajeer-259	229	7	stock	stock	NOUN
ajeer-259	229	8	price	price	NOUN
ajeer-259	229	9	volatility	volatility	NOUN
ajeer-259	229	10	:	:	PUNCT
ajeer-259	229	11	empirical	empirical	ADJ
ajeer-259	229	12	evidence	evidence	NOUN
ajeer-259	229	13	in	in	ADP
ajeer-259	229	14	korea	korea	PROPN
ajeer-259	229	15	.	.	PUNCT
ajeer-259	230	1	journal	journal	PROPN
ajeer-259	230	2	of	of	ADP
ajeer-259	230	3	business	business	NOUN
ajeer-259	230	4	finance	finance	PROPN
ajeer-259	230	5	&	&	CCONJ
ajeer-259	230	6	accounting	accounting	PROPN
ajeer-259	230	7	,	,	PUNCT
ajeer-259	230	8	22(2	22(2	NUM
ajeer-259	230	9	):	):	PUNCT
ajeer-259	230	10	257	257	NUM
ajeer-259	230	11	-	-	SYM
ajeer-259	230	12	267	267	NUM
ajeer-259	230	13	.	.	PUNCT
ajeer-259	230	14	available	available	ADJ
ajeer-259	230	15	at	at	ADP
ajeer-259	230	16	:	:	PUNCT
ajeer-259	230	17	https://doi.org/10.1111/j.1468-5957.1995.tb00682.x	https://doi.org/10.1111/j.1468-5957.1995.tb00682.x	PROPN
ajeer-259	230	18	.	.	PUNCT
ajeer-259	231	1	lim	lim	PROPN
ajeer-259	231	2	,	,	PUNCT
ajeer-259	231	3	k.-p	k.-p	PROPN
ajeer-259	231	4	.	.	PUNCT
ajeer-259	232	1	and	and	CCONJ
ajeer-259	232	2	r.d	r.d	PROPN
ajeer-259	232	3	.	.	PROPN
ajeer-259	232	4	brooks	brooks	PROPN
ajeer-259	232	5	,	,	PUNCT
ajeer-259	232	6	2009	2009	NUM
ajeer-259	232	7	.	.	PUNCT
ajeer-259	233	1	price	price	NOUN
ajeer-259	233	2	limits	limit	NOUN
ajeer-259	233	3	and	and	CCONJ
ajeer-259	233	4	stock	stock	NOUN
ajeer-259	233	5	market	market	NOUN
ajeer-259	233	6	efficiency	efficiency	NOUN
ajeer-259	233	7	:	:	PUNCT
ajeer-259	233	8	evidence	evidence	NOUN
ajeer-259	233	9	from	from	ADP
ajeer-259	233	10	rolling	roll	VERB
ajeer-259	233	11	bicorrelation	bicorrelation	NOUN
ajeer-259	233	12	test	test	NOUN
ajeer-259	233	13	statistic	statistic	NOUN
ajeer-259	233	14	.	.	PUNCT
ajeer-259	234	1	chaos	chaos	NOUN
ajeer-259	234	2	,	,	PUNCT
ajeer-259	234	3	solitons	soliton	NOUN
ajeer-259	234	4	&	&	CCONJ
ajeer-259	234	5	fractals	fractal	NOUN
ajeer-259	234	6	,	,	PUNCT
ajeer-259	234	7	40(3	40(3	NUM
ajeer-259	234	8	):	):	PUNCT
ajeer-259	234	9	1271	1271	NUM
ajeer-259	234	10	-	-	SYM
ajeer-259	234	11	1276	1276	NUM
ajeer-259	234	12	.	.	PUNCT
ajeer-259	235	1	available	available	ADJ
ajeer-259	235	2	at	at	ADP
ajeer-259	235	3	:	:	PUNCT
ajeer-259	235	4	https://doi.org/10.1016/j.chaos.2007.09.001	https://doi.org/10.1016/j.chaos.2007.09.001	NOUN
ajeer-259	235	5	.	.	PUNCT
ajeer-259	236	1	lo	lo	PROPN
ajeer-259	236	2	,	,	PUNCT
ajeer-259	236	3	a.w	a.w	PROPN
ajeer-259	236	4	.	.	PROPN
ajeer-259	236	5	and	and	CCONJ
ajeer-259	236	6	a.c	a.c	PROPN
ajeer-259	236	7	.	.	PROPN
ajeer-259	236	8	mackinlay	mackinlay	PROPN
ajeer-259	236	9	,	,	PUNCT
ajeer-259	236	10	1988	1988	NUM
ajeer-259	236	11	.	.	PUNCT
ajeer-259	237	1	stock	stock	NOUN
ajeer-259	237	2	market	market	NOUN
ajeer-259	237	3	prices	price	NOUN
ajeer-259	237	4	do	do	AUX
ajeer-259	237	5	not	not	PART
ajeer-259	237	6	follow	follow	VERB
ajeer-259	237	7	random	random	ADJ
ajeer-259	237	8	walks	walk	NOUN
ajeer-259	237	9	:	:	PUNCT
ajeer-259	237	10	evidence	evidence	NOUN
ajeer-259	237	11	from	from	ADP
ajeer-259	237	12	a	a	DET
ajeer-259	237	13	simple	simple	ADJ
ajeer-259	237	14	specification	specification	NOUN
ajeer-259	237	15	test	test	NOUN
ajeer-259	237	16	.	.	PUNCT
ajeer-259	238	1	the	the	DET
ajeer-259	238	2	review	review	NOUN
ajeer-259	238	3	of	of	ADP
ajeer-259	238	4	financial	financial	ADJ
ajeer-259	238	5	studies	study	NOUN
ajeer-259	238	6	,	,	PUNCT
ajeer-259	238	7	1(1	1(1	NUM
ajeer-259	238	8	):	):	PUNCT
ajeer-259	238	9	41	41	NUM
ajeer-259	238	10	-	-	SYM
ajeer-259	238	11	66	66	NUM
ajeer-259	238	12	.	.	PUNCT
ajeer-259	238	13	available	available	ADJ
ajeer-259	238	14	at	at	ADP
ajeer-259	238	15	:	:	PUNCT
ajeer-259	238	16	https://doi.org/10.1093/rfs/1.1.41	https://doi.org/10.1093/rfs/1.1.41	NOUN
ajeer-259	238	17	.	.	PUNCT
ajeer-259	239	1	lo	lo	PROPN
ajeer-259	239	2	,	,	PUNCT
ajeer-259	239	3	a.w	a.w	PROPN
ajeer-259	239	4	.	.	PROPN
ajeer-259	239	5	and	and	CCONJ
ajeer-259	239	6	a.c	a.c	PROPN
ajeer-259	239	7	.	.	PROPN
ajeer-259	239	8	mackinlay	mackinlay	PROPN
ajeer-259	239	9	,	,	PUNCT
ajeer-259	239	10	1989	1989	NUM
ajeer-259	239	11	.	.	PUNCT
ajeer-259	240	1	the	the	DET
ajeer-259	240	2	size	size	NOUN
ajeer-259	240	3	and	and	CCONJ
ajeer-259	240	4	power	power	NOUN
ajeer-259	240	5	of	of	ADP
ajeer-259	240	6	the	the	DET
ajeer-259	240	7	variance	variance	NOUN
ajeer-259	240	8	ratio	ratio	NOUN
ajeer-259	240	9	test	test	NOUN
ajeer-259	240	10	in	in	ADP
ajeer-259	240	11	finite	finite	ADJ
ajeer-259	240	12	samples	sample	NOUN
ajeer-259	240	13	:	:	PUNCT
ajeer-259	240	14	a	a	DET
ajeer-259	240	15	monte	monte	PROPN
ajeer-259	240	16	carlo	carlo	PROPN
ajeer-259	240	17	investigation	investigation	PROPN
ajeer-259	240	18	.	.	PUNCT
ajeer-259	241	1	journal	journal	PROPN
ajeer-259	241	2	of	of	ADP
ajeer-259	241	3	econometrics	econometrics	PROPN
ajeer-259	241	4	,	,	PUNCT
ajeer-259	241	5	40(2	40(2	NUM
ajeer-259	241	6	):	):	PUNCT
ajeer-259	241	7	203	203	NUM
ajeer-259	241	8	-	-	SYM
ajeer-259	241	9	238	238	NUM
ajeer-259	241	10	.	.	PUNCT
ajeer-259	241	11	available	available	ADJ
ajeer-259	241	12	at	at	ADP
ajeer-259	241	13	:	:	PUNCT
ajeer-259	241	14	https://doi.org/10.1016/0304-4076(89)90083-3	https://doi.org/10.1016/0304-4076(89)90083-3	X
ajeer-259	241	15	.	.	PUNCT
ajeer-259	242	1	malkiel	malkiel	PROPN
ajeer-259	242	2	,	,	PUNCT
ajeer-259	242	3	b.g	b.g	PROPN
ajeer-259	242	4	.	.	PROPN
ajeer-259	242	5	and	and	CCONJ
ajeer-259	242	6	e.f	e.f	PROPN
ajeer-259	242	7	.	.	PROPN
ajeer-259	242	8	fama	fama	PROPN
ajeer-259	242	9	,	,	PUNCT
ajeer-259	242	10	1970	1970	NUM
ajeer-259	242	11	.	.	PUNCT
ajeer-259	243	1	efficient	efficient	ADJ
ajeer-259	243	2	capital	capital	NOUN
ajeer-259	243	3	markets	market	NOUN
ajeer-259	243	4	:	:	PUNCT
ajeer-259	243	5	a	a	DET
ajeer-259	243	6	review	review	NOUN
ajeer-259	243	7	of	of	ADP
ajeer-259	243	8	theory	theory	NOUN
ajeer-259	243	9	and	and	CCONJ
ajeer-259	243	10	empirical	empirical	ADJ
ajeer-259	243	11	work	work	NOUN
ajeer-259	243	12	.	.	PUNCT
ajeer-259	244	1	the	the	DET
ajeer-259	244	2	journal	journal	PROPN
ajeer-259	244	3	of	of	ADP
ajeer-259	244	4	finance	finance	NOUN
ajeer-259	244	5	,	,	PUNCT
ajeer-259	244	6	25(2	25(2	NUM
ajeer-259	244	7	):	):	PUNCT
ajeer-259	244	8	383	383	NUM
ajeer-259	244	9	-	-	SYM
ajeer-259	244	10	417	417	NUM
ajeer-259	244	11	.	.	PUNCT
ajeer-259	244	12	available	available	ADJ
ajeer-259	244	13	at	at	ADP
ajeer-259	244	14	:	:	PUNCT
ajeer-259	244	15	https://doi.org/10.2307/2325486	https://doi.org/10.2307/2325486	PROPN
ajeer-259	244	16	.	.	PUNCT
ajeer-259	244	17	narayan	narayan	PROPN
ajeer-259	244	18	,	,	PUNCT
ajeer-259	244	19	p.k	p.k	PROPN
ajeer-259	244	20	.	.	PROPN
ajeer-259	244	21	and	and	CCONJ
ajeer-259	244	22	r.	r.	PROPN
ajeer-259	244	23	smyth	smyth	PROPN
ajeer-259	244	24	,	,	PUNCT
ajeer-259	244	25	2004	2004	NUM
ajeer-259	244	26	.	.	PUNCT
ajeer-259	244	27	is	be	AUX
ajeer-259	244	28	south	south	PROPN
ajeer-259	244	29	korea	korea	PROPN
ajeer-259	244	30	's	's	PART
ajeer-259	244	31	stock	stock	NOUN
ajeer-259	244	32	market	market	NOUN
ajeer-259	244	33	efficient	efficient	ADJ
ajeer-259	244	34	?	?	PUNCT
ajeer-259	245	1	applied	apply	VERB
ajeer-259	245	2	economics	economic	NOUN
ajeer-259	245	3	letters	letter	NOUN
ajeer-259	245	4	,	,	PUNCT
ajeer-259	245	5	11(11	11(11	NUM
ajeer-259	245	6	):	):	PUNCT
ajeer-259	245	7	707	707	NUM
ajeer-259	245	8	-	-	SYM
ajeer-259	245	9	710	710	NUM
ajeer-259	245	10	.	.	PUNCT
ajeer-259	245	11	available	available	ADJ
ajeer-259	245	12	at	at	ADP
ajeer-259	245	13	:	:	PUNCT
ajeer-259	245	14	https://doi.org/10.1080/1350485042000236566	https://doi.org/10.1080/1350485042000236566	PROPN
ajeer-259	245	15	.	.	PUNCT
ajeer-259	245	16	qms	qms	PROPN
ajeer-259	245	17	,	,	PUNCT
ajeer-259	245	18	2010	2010	NUM
ajeer-259	245	19	.	.	PUNCT
ajeer-259	246	1	eviews	eviews	PROPN
ajeer-259	246	2	7	7	NUM
ajeer-259	246	3	user	user	NOUN
ajeer-259	246	4	’s	’s	PART
ajeer-259	246	5	guide	guide	NOUN
ajeer-259	246	6	.	.	PUNCT
ajeer-259	247	1	irvine	irvine	PROPN
ajeer-259	247	2	:	:	PUNCT
ajeer-259	247	3	quantitative	quantitative	PROPN
ajeer-259	247	4	micro	micro	PROPN
ajeer-259	247	5	software	software	PROPN
ajeer-259	247	6	.	.	PUNCT
ajeer-259	248	1	richardson	richardson	PROPN
ajeer-259	248	2	,	,	PUNCT
ajeer-259	248	3	m.	m.	NOUN
ajeer-259	248	4	and	and	CCONJ
ajeer-259	248	5	t.	t.	PROPN
ajeer-259	248	6	smith	smith	PROPN
ajeer-259	248	7	,	,	PUNCT
ajeer-259	248	8	1991	1991	NUM
ajeer-259	248	9	.	.	PUNCT
ajeer-259	249	1	tests	test	NOUN
ajeer-259	249	2	of	of	ADP
ajeer-259	249	3	financial	financial	ADJ
ajeer-259	249	4	models	model	NOUN
ajeer-259	249	5	in	in	ADP
ajeer-259	249	6	the	the	DET
ajeer-259	249	7	presence	presence	NOUN
ajeer-259	249	8	of	of	ADP
ajeer-259	249	9	overlapping	overlap	VERB
ajeer-259	249	10	observations	observation	NOUN
ajeer-259	249	11	.	.	PUNCT
ajeer-259	250	1	the	the	DET
ajeer-259	250	2	review	review	NOUN
ajeer-259	250	3	of	of	ADP
ajeer-259	250	4	financial	financial	ADJ
ajeer-259	250	5	studies	study	NOUN
ajeer-259	250	6	,	,	PUNCT
ajeer-259	250	7	4(2	4(2	NUM
ajeer-259	250	8	):	):	PUNCT
ajeer-259	250	9	227	227	NUM
ajeer-259	250	10	-	-	SYM
ajeer-259	250	11	254	254	NUM
ajeer-259	250	12	.	.	PUNCT
ajeer-259	250	13	available	available	ADJ
ajeer-259	250	14	at	at	ADP
ajeer-259	250	15	:	:	PUNCT
ajeer-259	250	16	https://doi.org/10.1093/rfs/4.2.227	https://doi.org/10.1093/rfs/4.2.227	PROPN
ajeer-259	250	17	.	.	PUNCT
ajeer-259	250	18	ryoo	ryoo	PROPN
ajeer-259	250	19	,	,	PUNCT
ajeer-259	250	20	h.-j	h.-j	PROPN
ajeer-259	250	21	.	.	PROPN
ajeer-259	250	22	and	and	CCONJ
ajeer-259	250	23	g.	g.	PROPN
ajeer-259	250	24	smith	smith	PROPN
ajeer-259	250	25	,	,	PUNCT
ajeer-259	250	26	2002	2002	NUM
ajeer-259	250	27	.	.	PUNCT
ajeer-259	251	1	korean	korean	ADJ
ajeer-259	251	2	stock	stock	NOUN
ajeer-259	251	3	prices	price	NOUN
ajeer-259	251	4	under	under	ADP
ajeer-259	251	5	price	price	NOUN
ajeer-259	251	6	limits	limit	NOUN
ajeer-259	251	7	:	:	PUNCT
ajeer-259	251	8	variance	variance	NOUN
ajeer-259	251	9	ratio	ratio	NOUN
ajeer-259	251	10	tests	test	NOUN
ajeer-259	251	11	of	of	ADP
ajeer-259	251	12	random	random	ADJ
ajeer-259	251	13	walks	walk	NOUN
ajeer-259	251	14	.	.	PUNCT
ajeer-259	252	1	applied	apply	VERB
ajeer-259	252	2	financial	financial	ADJ
ajeer-259	252	3	economics	economic	NOUN
ajeer-259	252	4	,	,	PUNCT
ajeer-259	252	5	12(8	12(8	NUM
ajeer-259	252	6	):	):	PUNCT
ajeer-259	252	7	545	545	NUM
ajeer-259	252	8	-	-	SYM
ajeer-259	252	9	553	553	NUM
ajeer-259	252	10	.	.	PUNCT
ajeer-259	252	11	available	available	ADJ
ajeer-259	252	12	at	at	ADP
ajeer-259	252	13	:	:	PUNCT
ajeer-259	252	14	https://doi.org/10.1080/09603100010015789	https://doi.org/10.1080/09603100010015789	ADV
ajeer-259	252	15	.	.	PUNCT
ajeer-259	252	16	appendix	appendix	VERB
ajeer-259	252	17	multiple	multiple	ADJ
ajeer-259	252	18	variance	variance	NOUN
ajeer-259	252	19	ratio	ratio	NOUN
ajeer-259	252	20	test	test	NOUN
ajeer-259	252	21	statistics	statistic	NOUN
ajeer-259	252	22	for	for	ADP
ajeer-259	252	23	60	60	NUM
ajeer-259	252	24	sample	sample	NOUN
ajeer-259	252	25	stock	stock	NOUN
ajeer-259	252	26	returns	return	NOUN
ajeer-259	252	27	heteroscedastic	heteroscedastic	ADJ
ajeer-259	252	28	statistic	statistic	ADJ
ajeer-259	252	29	homoscedastic	homoscedastic	ADJ
ajeer-259	252	30	statistic	statistic	NOUN
ajeer-259	252	31	wald	wald	PROPN
ajeer-259	252	32	max	max	PROPN
ajeer-259	252	33	|z|	|z|	PROPN
ajeer-259	252	34	(	(	PUNCT
ajeer-259	252	35	at	at	ADP
ajeer-259	252	36	period	period	NOUN
ajeer-259	252	37	m)†	m)†	PROPN
ajeer-259	252	38	chi	chi	ADJ
ajeer-259	252	39	-	-	PUNCT
ajeer-259	252	40	square	square	ADJ
ajeer-259	252	41	companies	company	NOUN
ajeer-259	252	42	15	15	NUM
ajeer-259	252	43	%	%	NOUN
ajeer-259	252	44	regime	regime	NOUN
ajeer-259	252	45	30	30	NUM
ajeer-259	252	46	%	%	NOUN
ajeer-259	252	47	regime	regime	NOUN
ajeer-259	252	48	15	15	NUM
ajeer-259	252	49	%	%	NOUN
ajeer-259	252	50	regime	regime	NOUN
ajeer-259	252	51	30	30	NUM
ajeer-259	252	52	%	%	NOUN
ajeer-259	252	53	regime	regime	NOUN
ajeer-259	252	54	15	15	NUM
ajeer-259	252	55	%	%	NOUN
ajeer-259	252	56	regime	regime	NOUN
ajeer-259	252	57	30	30	NUM
ajeer-259	252	58	%	%	NOUN
ajeer-259	252	59	regime	regime	NOUN
ajeer-259	252	60	cheilworldwide	cheilworldwide	VERB
ajeer-259	252	61	1.830471	1.830471	NUM
ajeer-259	252	62	2.98077	2.98077	NUM
ajeer-259	252	63	*	*	SYM
ajeer-259	252	64	*	*	NOUN
ajeer-259	252	65	2.31569	2.31569	NUM
ajeer-259	252	66	*	*	PUNCT
ajeer-259	252	67	3.296791	3.296791	NUM
ajeer-259	252	68	*	*	PUNCT
ajeer-259	252	69	*	*	PUNCT
ajeer-259	252	70	*	*	X
ajeer-259	252	71	7.454514	7.454514	NUM
ajeer-259	252	72	14.06022	14.06022	NUM
ajeer-259	252	73	*	*	PUNCT
ajeer-259	252	74	*	*	PUNCT
ajeer-259	252	75	cjcheiljedang	cjcheiljedang	PROPN
ajeer-259	252	76	1.400717	1.400717	NUM
ajeer-259	252	77	1.525446	1.525446	NUM
ajeer-259	252	78	1.501797	1.501797	NUM
ajeer-259	252	79	1.902277	1.902277	NUM
ajeer-259	252	80	7.186084	7.186084	NUM
ajeer-259	252	81	7.684503	7.684503	NUM
ajeer-259	252	82	daelim	daelim	NOUN
ajeer-259	252	83	0.926926	0.926926	NUM
ajeer-259	252	84	1.83969	1.83969	NUM
ajeer-259	252	85	1.027427	1.027427	NUM
ajeer-259	252	86	2.01704	2.01704	NUM
ajeer-259	252	87	3.467691	3.467691	NUM
ajeer-259	252	88	11.23829	11.23829	NUM
ajeer-259	252	89	*	*	PUNCT
ajeer-259	252	90	*	*	PROPN
ajeer-259	252	91	daewooengcon	daewooengcon	PROPN
ajeer-259	252	92	1.921652	1.921652	NUM
ajeer-259	252	93	0.762597	0.762597	NUM
ajeer-259	252	94	2.395033	2.395033	NUM
ajeer-259	252	95	*	*	PUNCT
ajeer-259	252	96	1.012034	1.012034	NUM
ajeer-259	252	97	10.90901	10.90901	NUM
ajeer-259	252	98	*	*	PUNCT
ajeer-259	252	99	2.499223	2.499223	NUM
ajeer-259	252	100	daewoongpharm	daewoongpharm	NOUN
ajeer-259	252	101	0.950224	0.950224	NUM
ajeer-259	252	102	0.922933	0.922933	NUM
ajeer-259	252	103	1.454914	1.454914	NUM
ajeer-259	252	104	1.294702	1.294702	NUM
ajeer-259	252	105	3.298798	3.298798	NUM
ajeer-259	252	106	6.867637	6.867637	NUM
ajeer-259	252	107	dongkuksteel	dongkuksteel	ADJ
ajeer-259	252	108	2.539775	2.539775	NUM
ajeer-259	252	109	*	*	SYM
ajeer-259	252	110	1.079783	1.079783	NUM
ajeer-259	252	111	2.605329	2.605329	NUM
ajeer-259	252	112	*	*	PUNCT
ajeer-259	252	113	*	*	PUNCT
ajeer-259	252	114	0.700443	0.700443	NUM
ajeer-259	252	115	11.56606	11.56606	NUM
ajeer-259	252	116	*	*	SYM
ajeer-259	252	117	*	*	PROPN
ajeer-259	252	118	2.307117	2.307117	NUM
ajeer-259	252	119	doosanheavy	doosanheavy	ADJ
ajeer-259	252	120	1.397336	1.397336	NUM
ajeer-259	252	121	0.862376	0.862376	NUM
ajeer-259	252	122	1.503681	1.503681	NUM
ajeer-259	252	123	0.923065	0.923065	NUM
ajeer-259	252	124	2.458352	2.458352	NUM
ajeer-259	252	125	1.97465	1.97465	NUM
ajeer-259	252	126	doosaninfracore	doosaninfracore	NOUN
ajeer-259	252	127	1.078199	1.078199	NUM
ajeer-259	252	128	0.930743	0.930743	NUM
ajeer-259	252	129	0.934098	0.934098	NUM
ajeer-259	252	130	0.722355	0.722355	NUM
ajeer-259	252	131	4.21221	4.21221	NUM
ajeer-259	252	132	6.382559	6.382559	NUM
ajeer-259	252	133	e	e	NOUN
ajeer-259	252	134	-	-	NOUN
ajeer-259	252	135	mart	mart	ADJ
ajeer-259	252	136	3.209016	3.209016	NUM
ajeer-259	252	137	*	*	PUNCT
ajeer-259	252	138	*	*	PUNCT
ajeer-259	252	139	*	*	PUNCT
ajeer-259	252	140	1.551378	1.551378	NUM
ajeer-259	252	141	3.327977	3.327977	NUM
ajeer-259	252	142	*	*	PUNCT
ajeer-259	252	143	*	*	PUNCT
ajeer-259	252	144	*	*	PUNCT
ajeer-259	252	145	1.771856	1.771856	NUM
ajeer-259	252	146	12.45615	12.45615	NUM
ajeer-259	252	147	*	*	PUNCT
ajeer-259	252	148	*	*	PROPN
ajeer-259	252	149	3.343391	3.343391	NUM
ajeer-259	252	150	greencross	greencross	NOUN
ajeer-259	252	151	2.537801	2.537801	NUM
ajeer-259	252	152	*	*	NOUN
ajeer-259	252	153	1.10672	1.10672	NUM
ajeer-259	252	154	3.686419	3.686419	NUM
ajeer-259	252	155	*	*	PUNCT
ajeer-259	252	156	*	*	PUNCT
ajeer-259	252	157	*	*	PUNCT
ajeer-259	252	158	1.736259	1.736259	NUM
ajeer-259	252	159	19.91317	19.91317	NUM
ajeer-259	252	160	*	*	PUNCT
ajeer-259	252	161	*	*	PUNCT
ajeer-259	252	162	*	*	PUNCT
ajeer-259	252	163	5.415741	5.415741	NUM
ajeer-259	252	164	gsengcon	gsengcon	NOUN
ajeer-259	252	165	3.110408	3.110408	NUM
ajeer-259	252	166	*	*	PUNCT
ajeer-259	252	167	*	*	PUNCT
ajeer-259	252	168	*	*	X
ajeer-259	252	169	1.879613	1.879613	NUM
ajeer-259	252	170	3.643245	3.643245	NUM
ajeer-259	252	171	*	*	PUNCT
ajeer-259	252	172	*	*	PUNCT
ajeer-259	252	173	*	*	PUNCT
ajeer-259	252	174	2.15631	2.15631	NUM
ajeer-259	252	175	15.82106	15.82106	NUM
ajeer-259	252	176	*	*	PUNCT
ajeer-259	252	177	*	*	PUNCT
ajeer-259	252	178	*	*	PUNCT
ajeer-259	252	179	6.161089	6.161089	NUM
ajeer-259	252	180	hankookcos	hankookcos	X
ajeer-259	252	181	2.508704	2.508704	NUM
ajeer-259	252	182	*	*	PUNCT
ajeer-259	252	183	1.094399	1.094399	NUM
ajeer-259	252	184	4.237859	4.237859	NUM
ajeer-259	252	185	*	*	PUNCT
ajeer-259	252	186	*	*	PUNCT
ajeer-259	252	187	*	*	PUNCT
ajeer-259	252	188	2.434904	2.434904	NUM
ajeer-259	252	189	*	*	PUNCT
ajeer-259	252	190	21.34202	21.34202	NUM
ajeer-259	252	191	*	*	PUNCT
ajeer-259	252	192	*	*	PUNCT
ajeer-259	252	193	*	*	NOUN
ajeer-259	252	194	18.07949	18.07949	NUM
ajeer-259	252	195	*	*	PUNCT
ajeer-259	252	196	*	*	PUNCT
ajeer-259	252	197	*	*	PUNCT
ajeer-259	252	198	hanmipharm	hanmipharm	NOUN
ajeer-259	252	199	3.174363	3.174363	NUM
ajeer-259	252	200	*	*	PUNCT
ajeer-259	252	201	*	*	PUNCT
ajeer-259	252	202	*	*	PUNCT
ajeer-259	252	203	1.572038	1.572038	NUM
ajeer-259	252	204	4.182833	4.182833	NUM
ajeer-259	252	205	*	*	PUNCT
ajeer-259	252	206	*	*	PUNCT
ajeer-259	252	207	*	*	PUNCT
ajeer-259	252	208	2.275697	2.275697	NUM
ajeer-259	252	209	23.43258	23.43258	NUM
ajeer-259	252	210	*	*	PUNCT
ajeer-259	252	211	*	*	PUNCT
ajeer-259	252	212	*	*	NOUN
ajeer-259	252	213	12.17233	12.17233	NUM
ajeer-259	252	214	*	*	PUNCT
ajeer-259	252	215	*	*	PUNCT
ajeer-259	252	216	hanonsystems	hanonsystem	NOUN
ajeer-259	252	217	4.291285	4.291285	NUM
ajeer-259	252	218	*	*	PUNCT
ajeer-259	252	219	*	*	PUNCT
ajeer-259	252	220	*	*	PUNCT
ajeer-259	252	221	2.90924	2.90924	NUM
ajeer-259	252	222	*	*	PUNCT
ajeer-259	252	223	*	*	PUNCT
ajeer-259	252	224	5.107231	5.107231	NUM
ajeer-259	252	225	*	*	PUNCT
ajeer-259	252	226	*	*	PUNCT
ajeer-259	252	227	*	*	PUNCT
ajeer-259	252	228	3.083673	3.083673	NUM
ajeer-259	252	229	*	*	PUNCT
ajeer-259	252	230	*	*	NOUN
ajeer-259	252	231	27.14011	27.14011	NUM
ajeer-259	252	232	*	*	PUNCT
ajeer-259	252	233	*	*	PUNCT
ajeer-259	252	234	*	*	PUNCT
ajeer-259	253	1	9.661571	9.661571	NUM
ajeer-259	253	2	*	*	PUNCT
ajeer-259	253	3	hanwhalife	hanwhalife	NOUN
ajeer-259	253	4	4.259112	4.259112	NUM
ajeer-259	253	5	*	*	PUNCT
ajeer-259	253	6	*	*	PUNCT
ajeer-259	253	7	*	*	PUNCT
ajeer-259	253	8	2.648061	2.648061	NUM
ajeer-259	253	9	*	*	PUNCT
ajeer-259	253	10	*	*	PUNCT
ajeer-259	253	11	4.831154	4.831154	NUM
ajeer-259	253	12	*	*	PUNCT
ajeer-259	253	13	*	*	PUNCT
ajeer-259	253	14	*	*	PUNCT
ajeer-259	253	15	3.19802	3.19802	NUM
ajeer-259	253	16	*	*	PUNCT
ajeer-259	253	17	*	*	PUNCT
ajeer-259	253	18	*	*	PUNCT
ajeer-259	253	19	27.61024	27.61024	NUM
ajeer-259	253	20	*	*	PUNCT
ajeer-259	253	21	*	*	PUNCT
ajeer-259	253	22	*	*	PUNCT
ajeer-259	253	23	10.86202	10.86202	NUM
ajeer-259	253	24	*	*	PUNCT
ajeer-259	253	25	hotelshilla	hotelshilla	PROPN
ajeer-259	253	26	1.573146	1.573146	NUM
ajeer-259	253	27	2.336372	2.336372	NUM
ajeer-259	253	28	*	*	PUNCT
ajeer-259	253	29	1.907031	1.907031	NUM
ajeer-259	253	30	2.238132	2.238132	NUM
ajeer-259	253	31	10.79997	10.79997	NUM
ajeer-259	253	32	*	*	PUNCT
ajeer-259	253	33	9.961223	9.961223	NUM
ajeer-259	253	34	*	*	SYM
ajeer-259	253	35	hyosung	hyosung	NOUN
ajeer-259	253	36	1.8139	1.8139	NUM
ajeer-259	253	37	3.002945	3.002945	NUM
ajeer-259	253	38	*	*	SYM
ajeer-259	253	39	*	*	PUNCT
ajeer-259	253	40	2.163361	2.163361	NUM
ajeer-259	253	41	3.479095	3.479095	NUM
ajeer-259	253	42	*	*	PUNCT
ajeer-259	253	43	*	*	PUNCT
ajeer-259	253	44	*	*	NOUN
ajeer-259	253	45	10.01349	10.01349	NUM
ajeer-259	253	46	*	*	SYM
ajeer-259	253	47	14.19565	14.19565	NUM
ajeer-259	253	48	*	*	NOUN
ajeer-259	253	49	*	*	PUNCT
ajeer-259	253	50	hyundaielevator	hyundaielevator	NOUN
ajeer-259	253	51	2.463976	2.463976	NUM
ajeer-259	253	52	*	*	PUNCT
ajeer-259	253	53	2.092203	2.092203	NUM
ajeer-259	253	54	3.771594	3.771594	NUM
ajeer-259	253	55	*	*	PUNCT
ajeer-259	253	56	*	*	PUNCT
ajeer-259	253	57	*	*	PUNCT
ajeer-259	253	58	2.422467	2.422467	NUM
ajeer-259	253	59	*	*	NOUN
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ajeer-259	253	67	*	*	PUNCT
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ajeer-259	253	71	0.561167	0.561167	NUM
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ajeer-259	253	75	hyundaiglovis	hyundaiglovi	VERB
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ajeer-259	254	6	hyundaimobis	hyundaimobis	NOUN
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ajeer-259	254	8	*	*	NOUN
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ajeer-259	254	11	*	*	PUNCT
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ajeer-259	254	13	10.57079	10.57079	NUM
ajeer-259	254	14	*	*	NUM
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ajeer-259	254	16	hyundaimotor	hyundaimotor	NOUN
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ajeer-259	254	18	1.152455	1.152455	NUM
ajeer-259	254	19	2.124651	2.124651	NUM
ajeer-259	254	20	1.411901	1.411901	NUM
ajeer-259	254	21	12.46144	12.46144	NUM
ajeer-259	254	22	*	*	PUNCT
ajeer-259	254	23	*	*	PUNCT
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ajeer-259	254	25	hyundaisteel	hyundaisteel	NOUN
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ajeer-259	254	28	0.907463	0.907463	NUM
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ajeer-259	254	30	2.071319	2.071319	NUM
ajeer-259	254	31	4.860405	4.860405	NUM
ajeer-259	254	32	hyundaistore	hyundaistore	NOUN
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ajeer-259	254	36	1.970486	1.970486	NUM
ajeer-259	254	37	5.287735	5.287735	NUM
ajeer-259	254	38	6.097439	6.097439	NUM
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ajeer-259	254	41	1.264343	1.264343	NUM
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ajeer-259	254	43	1.361967	1.361967	NUM
ajeer-259	254	44	7.611878	7.611878	NUM
ajeer-259	254	45	7.74993	7.74993	NUM
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ajeer-259	254	52	8.90783	8.90783	NUM
ajeer-259	254	53	kangwonland	kangwonland	NOUN
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ajeer-259	254	57	*	*	PUNCT
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ajeer-259	254	59	*	*	PUNCT
ajeer-259	254	60	*	*	PUNCT
ajeer-259	254	61	*	*	NOUN
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ajeer-259	254	63	*	*	PUNCT
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ajeer-259	254	65	*	*	PUNCT
ajeer-259	254	66	4.907403	4.907403	NUM
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ajeer-259	254	69	*	*	PUNCT
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ajeer-259	254	71	*	*	PUNCT
ajeer-259	254	72	*	*	PUNCT
ajeer-259	254	73	*	*	NOUN
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ajeer-259	254	81	1.09417	1.09417	NUM
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ajeer-259	254	83	6.929764	6.929764	NUM
ajeer-259	254	84	6.658761	6.658761	NUM
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ajeer-259	254	88	1.472569	1.472569	NUM
ajeer-259	254	89	1.248996	1.248996	NUM
ajeer-259	254	90	4.433857	4.433857	NUM
ajeer-259	254	91	4.28597	4.28597	NUM
ajeer-259	254	92	kiamotors	kiamotor	NOUN
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ajeer-259	254	94	2.301497	2.301497	NUM
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ajeer-259	254	97	*	*	SYM
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ajeer-259	262	35	8.490821	8.490821	NUM
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ajeer-259	262	38	1.12446	1.12446	NUM
ajeer-259	262	39	0.969206	0.969206	NUM
ajeer-259	262	40	1.530295	1.530295	NUM
ajeer-259	262	41	3.790255	3.790255	NUM
ajeer-259	262	42	5.069083	5.069083	NUM
ajeer-259	262	43	sindohco	sindohco	NOUN
ajeer-259	262	44	3.680686	3.680686	NUM
ajeer-259	262	45	*	*	NOUN
ajeer-259	262	46	*	*	PUNCT
ajeer-259	262	47	*	*	X
ajeer-259	262	48	0.779974	0.779974	NUM
ajeer-259	262	49	4.544415	4.544415	NUM
ajeer-259	262	50	*	*	PUNCT
ajeer-259	262	51	*	*	PUNCT
ajeer-259	262	52	*	*	PUNCT
ajeer-259	262	53	1.050148	1.050148	NUM
ajeer-259	262	54	24.58498	24.58498	NUM
ajeer-259	262	55	*	*	PUNCT
ajeer-259	263	1	*	*	PUNCT
ajeer-259	263	2	*	*	PUNCT
ajeer-259	263	3	4.201971	4.201971	NUM
ajeer-259	263	4	asian	asian	ADJ
ajeer-259	263	5	journal	journal	NOUN
ajeer-259	263	6	of	of	ADP
ajeer-259	263	7	economics	economic	NOUN
ajeer-259	263	8	and	and	CCONJ
ajeer-259	263	9	empirical	empirical	ADJ
ajeer-259	263	10	research	research	NOUN
ajeer-259	263	11	,	,	PUNCT
ajeer-259	263	12	2018	2018	NUM
ajeer-259	263	13	,	,	PUNCT
ajeer-259	263	14	5(2	5(2	NUM
ajeer-259	263	15	):	):	PUNCT
ajeer-259	263	16	191	191	NUM
ajeer-259	263	17	-	-	SYM
ajeer-259	263	18	200	200	NUM
ajeer-259	263	19	200	200	NUM
ajeer-259	263	20	skhynix	skhynix	NOUN
ajeer-259	263	21	2.780166	2.780166	NUM
ajeer-259	263	22	*	*	PUNCT
ajeer-259	263	23	*	*	PUNCT
ajeer-259	264	1	2.006817	2.006817	NUM
ajeer-259	264	2	3.005425	3.005425	NUM
ajeer-259	264	3	*	*	SYM
ajeer-259	264	4	*	*	PUNCT
ajeer-259	264	5	2.263952	2.263952	NUM
ajeer-259	264	6	9.973038	9.973038	NUM
ajeer-259	264	7	*	*	SYM
ajeer-259	264	8	6.32449	6.32449	NUM
ajeer-259	264	9	sktelecom	sktelecom	NOUN
ajeer-259	264	10	1.768145	1.768145	NUM
ajeer-259	264	11	1.342539	1.342539	NUM
ajeer-259	264	12	1.996377	1.996377	NUM
ajeer-259	264	13	1.591287	1.591287	NUM
ajeer-259	264	14	10.96239	10.96239	NUM
ajeer-259	264	15	*	*	SYM
ajeer-259	264	16	2.616864	2.616864	NUM
ajeer-259	264	17	ssangyongcement	ssangyongcement	NOUN
ajeer-259	264	18	0.874101	0.874101	NUM
ajeer-259	264	19	0.302373	0.302373	NUM
ajeer-259	264	20	0.734473	0.734473	NUM
ajeer-259	264	21	0.602898	0.602898	NUM
ajeer-259	264	22	3.621956	3.621956	NUM
ajeer-259	264	23	0.839615	0.839615	NUM
ajeer-259	264	24	taihanelect	taihanelect	VERB
ajeer-259	264	25	1.918576	1.918576	NUM
ajeer-259	264	26	1.584975	1.584975	NUM
ajeer-259	264	27	2.621028	2.621028	NUM
ajeer-259	264	28	*	*	PUNCT
ajeer-259	264	29	*	*	X
ajeer-259	264	30	5.773004	5.773004	NUM
ajeer-259	264	31	*	*	PUNCT
ajeer-259	264	32	*	*	PUNCT
ajeer-259	264	33	*	*	PUNCT
ajeer-259	264	34	15.15008	15.15008	NUM
ajeer-259	264	35	*	*	PUNCT
ajeer-259	264	36	*	*	PUNCT
ajeer-259	264	37	*	*	NOUN
ajeer-259	264	38	41.87059	41.87059	NUM
ajeer-259	264	39	*	*	PUNCT
ajeer-259	264	40	*	*	PUNCT
ajeer-259	264	41	*	*	PUNCT
ajeer-259	264	42	wooribk	wooribk	VERB
ajeer-259	265	1	0.812129	0.812129	NUM
ajeer-259	266	1	0.91053	0.91053	NUM
ajeer-259	266	2	1.297525	1.297525	NUM
ajeer-259	266	3	1.012803	1.012803	NUM
ajeer-259	266	4	12.15334	12.15334	NUM
ajeer-259	266	5	*	*	SYM
ajeer-259	266	6	*	*	X
ajeer-259	266	7	1.782574	1.782574	NUM
ajeer-259	266	8	yuhan	yuhan	ADP
ajeer-259	266	9	2.27097	2.27097	NUM
ajeer-259	266	10	1.150643	1.150643	NUM
ajeer-259	266	11	2.718627	2.718627	NUM
ajeer-259	266	12	*	*	PUNCT
ajeer-259	266	13	*	*	PUNCT
ajeer-259	266	14	1.396158	1.396158	NUM
ajeer-259	266	15	9.354121	9.354121	NUM
ajeer-259	266	16	*	*	PUNCT
ajeer-259	266	17	3.275828	3.275828	NUM
ajeer-259	266	18	no	no	NOUN
ajeer-259	266	19	of	of	ADP
ajeer-259	266	20	null	null	NOUN
ajeer-259	266	21	rejected	reject	VERB
ajeer-259	266	22	13	13	NUM
ajeer-259	266	23	(	(	PUNCT
ajeer-259	266	24	20	20	NUM
ajeer-259	266	25	at	at	ADP
ajeer-259	266	26	0.1	0.1	NUM
ajeer-259	266	27	)	)	PUNCT
ajeer-259	266	28	10	10	NUM
ajeer-259	266	29	(	(	PUNCT
ajeer-259	266	30	12	12	NUM
ajeer-259	266	31	at	at	ADP
ajeer-259	266	32	0.1	0.1	NUM
ajeer-259	266	33	)	)	PUNCT
ajeer-259	266	34	22	22	NUM
ajeer-259	266	35	(	(	PUNCT
ajeer-259	266	36	26	26	NUM
ajeer-259	266	37	at	at	ADP
ajeer-259	266	38	0.1	0.1	NUM
ajeer-259	266	39	)	)	PUNCT
ajeer-259	266	40	14	14	NUM
ajeer-259	266	41	(	(	PUNCT
ajeer-259	266	42	18	18	NUM
ajeer-259	266	43	at	at	ADP
ajeer-259	266	44	0.1	0.1	NUM
ajeer-259	266	45	)	)	PUNCT
ajeer-259	266	46	21(31	21(31	NUM
ajeer-259	266	47	at	at	ADP
ajeer-259	266	48	0.1	0.1	NUM
ajeer-259	266	49	)	)	PUNCT
ajeer-259	266	50	15	15	NUM
ajeer-259	266	51	(	(	PUNCT
ajeer-259	266	52	19	19	NUM
ajeer-259	266	53	at	at	ADP
ajeer-259	266	54	0.1	0.1	NUM
ajeer-259	266	55	)	)	PUNCT
ajeer-259	266	56	†probability	†probability	NOUN
ajeer-259	266	57	approximation	approximation	NOUN
ajeer-259	266	58	using	use	VERB
ajeer-259	266	59	studentized	studentize	VERB
ajeer-259	266	60	maximum	maximum	ADJ
ajeer-259	266	61	modulus	modulus	ADJ
ajeer-259	266	62	(	(	PUNCT
ajeer-259	266	63	smm	smm	NOUN
ajeer-259	266	64	)	)	PUNCT
ajeer-259	266	65	with	with	ADP
ajeer-259	266	66	parameter	parameter	NOUN
ajeer-259	266	67	value	value	NOUN
ajeer-259	266	68	5	5	NUM
ajeer-259	266	69	and	and	CCONJ
ajeer-259	266	70	infinite	infinite	ADJ
ajeer-259	266	71	degrees	degree	NOUN
ajeer-259	266	72	of	of	ADP
ajeer-259	266	73	freedom	freedom	NOUN
ajeer-259	266	74	.	.	PUNCT
ajeer-259	267	1	*	*	PUNCT
ajeer-259	267	2	,	,	PUNCT
ajeer-259	267	3	*	*	PUNCT
ajeer-259	267	4	*	*	PUNCT
ajeer-259	267	5	and	and	CCONJ
ajeer-259	267	6	*	*	PUNCT
ajeer-259	267	7	*	*	PUNCT
ajeer-259	267	8	*	*	PUNCT
ajeer-259	267	9	indicate	indicate	VERB
ajeer-259	267	10	significance	significance	NOUN
ajeer-259	267	11	at	at	ADP
ajeer-259	267	12	the	the	DET
ajeer-259	267	13	10	10	NUM
ajeer-259	267	14	%	%	NOUN
ajeer-259	267	15	,	,	PUNCT
ajeer-259	267	16	5	5	NUM
ajeer-259	267	17	%	%	NOUN
ajeer-259	267	18	and	and	CCONJ
ajeer-259	267	19	1	1	NUM
ajeer-259	267	20	%	%	NOUN
ajeer-259	267	21	,	,	PUNCT
ajeer-259	267	22	respectively	respectively	ADV
ajeer-259	267	23	.	.	PUNCT
ajeer-259	268	1	asian	asian	ADJ
ajeer-259	268	2	online	online	PROPN
ajeer-259	268	3	journal	journal	PROPN
ajeer-259	268	4	publishing	publishing	NOUN
ajeer-259	268	5	group	group	NOUN
ajeer-259	268	6	is	be	AUX
ajeer-259	268	7	not	not	PART
ajeer-259	268	8	responsible	responsible	ADJ
ajeer-259	268	9	or	or	CCONJ
ajeer-259	268	10	answerable	answerable	ADJ
ajeer-259	268	11	for	for	ADP
ajeer-259	268	12	any	any	DET
ajeer-259	268	13	loss	loss	NOUN
ajeer-259	268	14	,	,	PUNCT
ajeer-259	268	15	damage	damage	NOUN
ajeer-259	268	16	or	or	CCONJ
ajeer-259	268	17	liability	liability	NOUN
ajeer-259	268	18	,	,	PUNCT
ajeer-259	268	19	etc	etc	X
ajeer-259	268	20	.	.	X
ajeer-259	268	21	caused	cause	VERB
ajeer-259	268	22	in	in	ADP
ajeer-259	268	23	relation	relation	NOUN
ajeer-259	268	24	to	to	PART
ajeer-259	268	25	/	/	PUNCT
ajeer-259	268	26	arising	arise	VERB
ajeer-259	268	27	out	out	ADP
ajeer-259	268	28	of	of	ADP
ajeer-259	268	29	the	the	DET
ajeer-259	268	30	use	use	NOUN
ajeer-259	268	31	of	of	ADP
ajeer-259	268	32	the	the	DET
ajeer-259	268	33	content	content	NOUN
ajeer-259	268	34	.	.	PUNCT
ajeer-259	269	1	any	any	DET
ajeer-259	269	2	queries	query	NOUN
ajeer-259	269	3	should	should	AUX
ajeer-259	269	4	be	be	AUX
ajeer-259	269	5	directed	direct	VERB
ajeer-259	269	6	to	to	ADP
ajeer-259	269	7	the	the	DET
ajeer-259	269	8	corresponding	corresponding	ADJ
ajeer-259	269	9	author	author	NOUN
ajeer-259	269	10	of	of	ADP
ajeer-259	269	11	the	the	DET
ajeer-259	269	12	article	article	NOUN
ajeer-259	269	13	.	.	PUNCT
