id	sid	tid	token	lemma	pos
ajeer-7479	1	1	113	113	NUM
ajeer-7479	1	2	©	©	PROPN
ajeer-7479	1	3	2025	2025	NUM
ajeer-7479	1	4	by	by	ADP
ajeer-7479	1	5	the	the	DET
ajeer-7479	1	6	authors	author	NOUN
ajeer-7479	1	7	;	;	PUNCT
ajeer-7479	1	8	licensee	licensee	PROPN
ajeer-7479	1	9	asian	asian	ADJ
ajeer-7479	1	10	online	online	PROPN
ajeer-7479	1	11	journal	journal	PROPN
ajeer-7479	1	12	publishing	publishing	PROPN
ajeer-7479	1	13	group	group	PROPN
ajeer-7479	1	14	asian	asian	PROPN
ajeer-7479	1	15	journal	journal	PROPN
ajeer-7479	1	16	of	of	ADP
ajeer-7479	1	17	economics	economic	NOUN
ajeer-7479	1	18	and	and	CCONJ
ajeer-7479	1	19	empirical	empirical	ADJ
ajeer-7479	1	20	research	research	NOUN
ajeer-7479	1	21	vol	vol	NOUN
ajeer-7479	1	22	.	.	PROPN
ajeer-7479	2	1	12	12	NUM
ajeer-7479	2	2	,	,	PUNCT
ajeer-7479	2	3	no	no	INTJ
ajeer-7479	2	4	.	.	NOUN
ajeer-7479	2	5	2	2	NUM
ajeer-7479	2	6	,	,	PUNCT
ajeer-7479	2	7	113	113	NUM
ajeer-7479	2	8	-	-	SYM
ajeer-7479	2	9	123	123	NUM
ajeer-7479	2	10	,	,	PUNCT
ajeer-7479	2	11	2025	2025	NUM
ajeer-7479	2	12	issn(e	issn(e	NOUN
ajeer-7479	2	13	)	)	PUNCT
ajeer-7479	2	14	2409	2409	NUM
ajeer-7479	2	15	-	-	SYM
ajeer-7479	2	16	2622	2622	NUM
ajeer-7479	2	17	/	/	SYM
ajeer-7479	2	18	issn(p	issn(p	PROPN
ajeer-7479	2	19	)	)	PUNCT
ajeer-7479	2	20	2518	2518	NUM
ajeer-7479	2	21	-	-	PUNCT
ajeer-7479	2	22	010x	010x	ADJ
ajeer-7479	2	23	doi	doi	NOUN
ajeer-7479	2	24	:	:	PUNCT
ajeer-7479	2	25	10.20448	10.20448	NUM
ajeer-7479	2	26	/	/	SYM
ajeer-7479	2	27	ajeer.v12i2.7479	ajeer.v12i2.7479	NOUN
ajeer-7479	2	28	©	©	PROPN
ajeer-7479	2	29	2025	2025	NUM
ajeer-7479	2	30	by	by	ADP
ajeer-7479	2	31	the	the	DET
ajeer-7479	2	32	author	author	NOUN
ajeer-7479	2	33	;	;	PUNCT
ajeer-7479	2	34	licensee	licensee	PROPN
ajeer-7479	2	35	asian	asian	ADJ
ajeer-7479	2	36	online	online	PROPN
ajeer-7479	2	37	journal	journal	PROPN
ajeer-7479	2	38	publishing	publishing	NOUN
ajeer-7479	2	39	group	group	NOUN
ajeer-7479	2	40	access	access	NOUN
ajeer-7479	2	41	to	to	ADP
ajeer-7479	2	42	stock	stock	NOUN
ajeer-7479	2	43	markets	market	NOUN
ajeer-7479	2	44	impact	impact	NOUN
ajeer-7479	2	45	on	on	ADP
ajeer-7479	2	46	smes	sme	NOUN
ajeer-7479	2	47	performance	performance	NOUN
ajeer-7479	2	48	imanou	imanou	NOUN
ajeer-7479	2	49	akala1	akala1	CCONJ
ajeer-7479	2	50	laetitia	laetitia	PROPN
ajeer-7479	2	51	pozniak2	pozniak2	PROPN
ajeer-7479	2	52	(	(	PUNCT
ajeer-7479	2	53			PROPN
ajeer-7479	2	54	corresponding	correspond	VERB
ajeer-7479	2	55	author	author	NOUN
ajeer-7479	2	56	)	)	PUNCT
ajeer-7479	2	57	1,2warocqué	1,2warocqué	NUM
ajeer-7479	2	58	faculty	faculty	NOUN
ajeer-7479	2	59	of	of	ADP
ajeer-7479	2	60	economics	economic	NOUN
ajeer-7479	2	61	and	and	CCONJ
ajeer-7479	2	62	management	management	NOUN
ajeer-7479	2	63	,	,	PUNCT
ajeer-7479	2	64	university	university	NOUN
ajeer-7479	2	65	of	of	ADP
ajeer-7479	2	66	mons	mon	NOUN
ajeer-7479	2	67	,	,	PUNCT
ajeer-7479	2	68	belgium	belgium	NOUN
ajeer-7479	2	69	.	.	PUNCT
ajeer-7479	3	1	1email	1email	NUM
ajeer-7479	3	2	:	:	PUNCT
ajeer-7479	3	3	imanou.akala@student.umons.ac.be	imanou.akala@student.umons.ac.be	NOUN
ajeer-7479	3	4	2email	2email	NUM
ajeer-7479	3	5	:	:	PUNCT
ajeer-7479	3	6	laetitia.pozniak@umons.ac.be	laetitia.pozniak@umons.ac.be	PUNCT
ajeer-7479	3	7	abstract	abstract	ADV
ajeer-7479	3	8	this	this	DET
ajeer-7479	3	9	study	study	NOUN
ajeer-7479	3	10	investigates	investigate	VERB
ajeer-7479	3	11	the	the	DET
ajeer-7479	3	12	impact	impact	NOUN
ajeer-7479	3	13	of	of	ADP
ajeer-7479	3	14	unregulated	unregulated	ADJ
ajeer-7479	3	15	stock	stock	NOUN
ajeer-7479	3	16	market	market	NOUN
ajeer-7479	3	17	listing	list	VERB
ajeer-7479	3	18	on	on	ADP
ajeer-7479	3	19	the	the	DET
ajeer-7479	3	20	financial	financial	ADJ
ajeer-7479	3	21	performance	performance	NOUN
ajeer-7479	3	22	of	of	ADP
ajeer-7479	3	23	small	small	ADJ
ajeer-7479	3	24	and	and	CCONJ
ajeer-7479	3	25	medium	medium	ADJ
ajeer-7479	3	26	-	-	PUNCT
ajeer-7479	3	27	sized	sized	ADJ
ajeer-7479	3	28	enterprises	enterprise	NOUN
ajeer-7479	3	29	(	(	PUNCT
ajeer-7479	3	30	smes	sme	NOUN
ajeer-7479	3	31	)	)	PUNCT
ajeer-7479	3	32	in	in	ADP
ajeer-7479	3	33	europe	europe	PROPN
ajeer-7479	3	34	.	.	PUNCT
ajeer-7479	4	1	the	the	DET
ajeer-7479	4	2	analysis	analysis	NOUN
ajeer-7479	4	3	seeks	seek	VERB
ajeer-7479	4	4	to	to	PART
ajeer-7479	4	5	determine	determine	VERB
ajeer-7479	4	6	whether	whether	SCONJ
ajeer-7479	4	7	listing	listing	NOUN
ajeer-7479	4	8	improves	improve	VERB
ajeer-7479	4	9	financial	financial	ADJ
ajeer-7479	4	10	performance	performance	NOUN
ajeer-7479	4	11	or	or	CCONJ
ajeer-7479	4	12	whether	whether	SCONJ
ajeer-7479	4	13	associated	associate	VERB
ajeer-7479	4	14	costs	cost	NOUN
ajeer-7479	4	15	outweigh	outweigh	VERB
ajeer-7479	4	16	the	the	DET
ajeer-7479	4	17	potential	potential	ADJ
ajeer-7479	4	18	benefits	benefit	NOUN
ajeer-7479	4	19	.	.	PUNCT
ajeer-7479	5	1	to	to	PART
ajeer-7479	5	2	address	address	VERB
ajeer-7479	5	3	this	this	DET
ajeer-7479	5	4	question	question	NOUN
ajeer-7479	5	5	,	,	PUNCT
ajeer-7479	5	6	the	the	DET
ajeer-7479	5	7	performance	performance	NOUN
ajeer-7479	5	8	of	of	ADP
ajeer-7479	5	9	listed	list	VERB
ajeer-7479	5	10	and	and	CCONJ
ajeer-7479	5	11	unlisted	unlisted	ADJ
ajeer-7479	5	12	smes	sme	NOUN
ajeer-7479	5	13	is	be	AUX
ajeer-7479	5	14	compared	compare	VERB
ajeer-7479	5	15	across	across	ADP
ajeer-7479	5	16	five	five	NUM
ajeer-7479	5	17	key	key	ADJ
ajeer-7479	5	18	indicators	indicator	NOUN
ajeer-7479	5	19	:	:	PUNCT
ajeer-7479	5	20	solvency	solvency	NOUN
ajeer-7479	5	21	,	,	PUNCT
ajeer-7479	5	22	liquidity	liquidity	NOUN
ajeer-7479	5	23	,	,	PUNCT
ajeer-7479	5	24	profit	profit	NOUN
ajeer-7479	5	25	margin	margin	NOUN
ajeer-7479	5	26	,	,	PUNCT
ajeer-7479	5	27	return	return	VERB
ajeer-7479	5	28	on	on	ADP
ajeer-7479	5	29	assets	asset	NOUN
ajeer-7479	5	30	(	(	PUNCT
ajeer-7479	5	31	roa	roa	NOUN
ajeer-7479	5	32	)	)	PUNCT
ajeer-7479	5	33	,	,	PUNCT
ajeer-7479	5	34	and	and	CCONJ
ajeer-7479	5	35	return	return	VERB
ajeer-7479	5	36	on	on	ADP
ajeer-7479	5	37	equity	equity	NOUN
ajeer-7479	5	38	(	(	PUNCT
ajeer-7479	5	39	roe	roe	PROPN
ajeer-7479	5	40	)	)	PUNCT
ajeer-7479	5	41	.	.	PUNCT
ajeer-7479	6	1	the	the	DET
ajeer-7479	6	2	sample	sample	NOUN
ajeer-7479	6	3	covers	cover	VERB
ajeer-7479	6	4	a	a	DET
ajeer-7479	6	5	ten	ten	NUM
ajeer-7479	6	6	-	-	PUNCT
ajeer-7479	6	7	year	year	NOUN
ajeer-7479	6	8	period	period	NOUN
ajeer-7479	6	9	from	from	ADP
ajeer-7479	6	10	2014	2014	NUM
ajeer-7479	6	11	to	to	ADP
ajeer-7479	6	12	2023	2023	NUM
ajeer-7479	6	13	.	.	PUNCT
ajeer-7479	7	1	statistical	statistical	ADJ
ajeer-7479	7	2	analyses	analysis	NOUN
ajeer-7479	7	3	were	be	AUX
ajeer-7479	7	4	conducted	conduct	VERB
ajeer-7479	7	5	using	use	VERB
ajeer-7479	7	6	unpaired	unpaired	ADJ
ajeer-7479	7	7	student	student	NOUN
ajeer-7479	7	8	’s	’s	PART
ajeer-7479	7	9	t	t	NOUN
ajeer-7479	7	10	-	-	PUNCT
ajeer-7479	7	11	tests	test	NOUN
ajeer-7479	7	12	in	in	ADP
ajeer-7479	7	13	rstudio	rstudio	NOUN
ajeer-7479	7	14	to	to	PART
ajeer-7479	7	15	assess	assess	VERB
ajeer-7479	7	16	the	the	DET
ajeer-7479	7	17	significance	significance	NOUN
ajeer-7479	7	18	of	of	ADP
ajeer-7479	7	19	performance	performance	NOUN
ajeer-7479	7	20	differences	difference	NOUN
ajeer-7479	7	21	between	between	ADP
ajeer-7479	7	22	the	the	DET
ajeer-7479	7	23	two	two	NUM
ajeer-7479	7	24	groups	group	NOUN
ajeer-7479	7	25	.	.	PUNCT
ajeer-7479	8	1	the	the	DET
ajeer-7479	8	2	findings	finding	NOUN
ajeer-7479	8	3	reveal	reveal	VERB
ajeer-7479	8	4	a	a	DET
ajeer-7479	8	5	mixed	mixed	ADJ
ajeer-7479	8	6	impact	impact	NOUN
ajeer-7479	8	7	of	of	ADP
ajeer-7479	8	8	listing	list	VERB
ajeer-7479	8	9	on	on	ADP
ajeer-7479	8	10	smes	sme	NOUN
ajeer-7479	8	11	'	'	PART
ajeer-7479	8	12	financial	financial	ADJ
ajeer-7479	8	13	performance	performance	NOUN
ajeer-7479	8	14	.	.	PUNCT
ajeer-7479	9	1	on	on	ADP
ajeer-7479	9	2	the	the	DET
ajeer-7479	9	3	one	one	NUM
ajeer-7479	9	4	hand	hand	NOUN
ajeer-7479	9	5	,	,	PUNCT
ajeer-7479	9	6	listed	list	VERB
ajeer-7479	9	7	smes	sme	NOUN
ajeer-7479	9	8	show	show	VERB
ajeer-7479	9	9	significant	significant	ADJ
ajeer-7479	9	10	improvements	improvement	NOUN
ajeer-7479	9	11	in	in	ADP
ajeer-7479	9	12	solvency	solvency	NOUN
ajeer-7479	9	13	and	and	CCONJ
ajeer-7479	9	14	liquidity	liquidity	NOUN
ajeer-7479	9	15	,	,	PUNCT
ajeer-7479	9	16	suggesting	suggest	VERB
ajeer-7479	9	17	that	that	SCONJ
ajeer-7479	9	18	listing	listing	NOUN
ajeer-7479	9	19	facilitates	facilitate	VERB
ajeer-7479	9	20	access	access	NOUN
ajeer-7479	9	21	to	to	ADP
ajeer-7479	9	22	external	external	ADJ
ajeer-7479	9	23	capital	capital	NOUN
ajeer-7479	9	24	and	and	CCONJ
ajeer-7479	9	25	enhances	enhance	VERB
ajeer-7479	9	26	the	the	DET
ajeer-7479	9	27	ability	ability	NOUN
ajeer-7479	9	28	to	to	PART
ajeer-7479	9	29	meet	meet	VERB
ajeer-7479	9	30	both	both	DET
ajeer-7479	9	31	short	short	ADJ
ajeer-7479	9	32	-	-	PUNCT
ajeer-7479	9	33	term	term	NOUN
ajeer-7479	9	34	and	and	CCONJ
ajeer-7479	9	35	long	long	ADJ
ajeer-7479	9	36	-	-	PUNCT
ajeer-7479	9	37	term	term	NOUN
ajeer-7479	9	38	obligations	obligation	NOUN
ajeer-7479	9	39	.	.	PUNCT
ajeer-7479	10	1	on	on	ADP
ajeer-7479	10	2	the	the	DET
ajeer-7479	10	3	other	other	ADJ
ajeer-7479	10	4	hand	hand	NOUN
ajeer-7479	10	5	,	,	PUNCT
ajeer-7479	10	6	profitability	profitability	NOUN
ajeer-7479	10	7	measures	measure	NOUN
ajeer-7479	10	8	,	,	PUNCT
ajeer-7479	10	9	including	include	VERB
ajeer-7479	10	10	profit	profit	NOUN
ajeer-7479	10	11	margin	margin	NOUN
ajeer-7479	10	12	,	,	PUNCT
ajeer-7479	10	13	roa	roa	PROPN
ajeer-7479	10	14	,	,	PUNCT
ajeer-7479	10	15	and	and	CCONJ
ajeer-7479	10	16	roe	roe	NOUN
ajeer-7479	10	17	,	,	PUNCT
ajeer-7479	10	18	exhibit	exhibit	VERB
ajeer-7479	10	19	a	a	DET
ajeer-7479	10	20	notable	notable	ADJ
ajeer-7479	10	21	decline	decline	NOUN
ajeer-7479	10	22	after	after	ADP
ajeer-7479	10	23	listing	list	VERB
ajeer-7479	10	24	.	.	PUNCT
ajeer-7479	11	1	this	this	DET
ajeer-7479	11	2	deterioration	deterioration	NOUN
ajeer-7479	11	3	indicates	indicate	VERB
ajeer-7479	11	4	that	that	SCONJ
ajeer-7479	11	5	while	while	SCONJ
ajeer-7479	11	6	listing	list	VERB
ajeer-7479	11	7	improves	improve	VERB
ajeer-7479	11	8	financial	financial	ADJ
ajeer-7479	11	9	stability	stability	NOUN
ajeer-7479	11	10	,	,	PUNCT
ajeer-7479	11	11	it	it	PRON
ajeer-7479	11	12	may	may	AUX
ajeer-7479	11	13	simultaneously	simultaneously	ADV
ajeer-7479	11	14	impose	impose	VERB
ajeer-7479	11	15	costs	cost	NOUN
ajeer-7479	11	16	and	and	CCONJ
ajeer-7479	11	17	constraints	constraint	NOUN
ajeer-7479	11	18	that	that	PRON
ajeer-7479	11	19	undermine	undermine	VERB
ajeer-7479	11	20	operational	operational	ADJ
ajeer-7479	11	21	efficiency	efficiency	NOUN
ajeer-7479	11	22	.	.	PUNCT
ajeer-7479	12	1	overall	overall	ADV
ajeer-7479	12	2	,	,	PUNCT
ajeer-7479	12	3	the	the	DET
ajeer-7479	12	4	study	study	NOUN
ajeer-7479	12	5	provides	provide	VERB
ajeer-7479	12	6	empirical	empirical	ADJ
ajeer-7479	12	7	evidence	evidence	NOUN
ajeer-7479	12	8	of	of	ADP
ajeer-7479	12	9	smes	sme	NOUN
ajeer-7479	12	10	'	'	PART
ajeer-7479	12	11	access	access	NOUN
ajeer-7479	12	12	to	to	ADP
ajeer-7479	12	13	unregulated	unregulated	ADJ
ajeer-7479	12	14	stock	stock	NOUN
ajeer-7479	12	15	market	market	NOUN
ajeer-7479	12	16	trade	trade	NOUN
ajeer-7479	12	17	-	-	PUNCT
ajeer-7479	12	18	offs	off	NOUN
ajeer-7479	12	19	,	,	PUNCT
ajeer-7479	12	20	offering	offer	VERB
ajeer-7479	12	21	relevant	relevant	ADJ
ajeer-7479	12	22	insights	insight	NOUN
ajeer-7479	12	23	for	for	ADP
ajeer-7479	12	24	smes	sme	NOUN
ajeer-7479	12	25	considering	consider	VERB
ajeer-7479	12	26	ipos	ipos	PROPN
ajeer-7479	12	27	,	,	PUNCT
ajeer-7479	12	28	investors	investor	NOUN
ajeer-7479	12	29	evaluating	evaluate	VERB
ajeer-7479	12	30	sme	sme	NOUN
ajeer-7479	12	31	securities	security	NOUN
ajeer-7479	12	32	,	,	PUNCT
ajeer-7479	12	33	and	and	CCONJ
ajeer-7479	12	34	policymakers	policymaker	NOUN
ajeer-7479	12	35	supporting	support	VERB
ajeer-7479	12	36	sme	sme	NOUN
ajeer-7479	12	37	financing	financing	NOUN
ajeer-7479	12	38	through	through	ADP
ajeer-7479	12	39	stock	stock	NOUN
ajeer-7479	12	40	markets	market	NOUN
ajeer-7479	12	41	.	.	PUNCT
ajeer-7479	13	1	keywords	keyword	NOUN
ajeer-7479	13	2	:	:	PUNCT
ajeer-7479	13	3	financial	financial	ADJ
ajeer-7479	13	4	performance	performance	NOUN
ajeer-7479	13	5	,	,	PUNCT
ajeer-7479	13	6	liquidity	liquidity	NOUN
ajeer-7479	13	7	,	,	PUNCT
ajeer-7479	13	8	profitability	profitability	NOUN
ajeer-7479	13	9	,	,	PUNCT
ajeer-7479	13	10	small	small	ADJ
ajeer-7479	13	11	and	and	CCONJ
ajeer-7479	13	12	medium	medium	ADJ
ajeer-7479	13	13	enterprises	enterprise	NOUN
ajeer-7479	13	14	,	,	PUNCT
ajeer-7479	13	15	solvency	solvency	NOUN
ajeer-7479	13	16	,	,	PUNCT
ajeer-7479	13	17	stock	stock	NOUN
ajeer-7479	13	18	markets	market	NOUN
ajeer-7479	13	19	.	.	PUNCT
ajeer-7479	14	1	jel	jel	PROPN
ajeer-7479	14	2	classification	classification	NOUN
ajeer-7479	14	3	:	:	PUNCT
ajeer-7479	14	4	m130	m130	PROPN
ajeer-7479	14	5	;	;	PUNCT
ajeer-7479	14	6	g1	g1	NOUN
ajeer-7479	14	7	;	;	PUNCT
ajeer-7479	14	8	c120	c120	NUM
ajeer-7479	14	9	;	;	PUNCT
ajeer-7479	14	10	c220	c220	PROPN
ajeer-7479	14	11	.	.	PROPN
ajeer-7479	14	12	citation	citation	NOUN
ajeer-7479	15	1	|	|	PROPN
ajeer-7479	15	2	akala	akala	PROPN
ajeer-7479	15	3	,	,	PUNCT
ajeer-7479	15	4	i.	i.	PROPN
ajeer-7479	15	5	,	,	PUNCT
ajeer-7479	15	6	&	&	CCONJ
ajeer-7479	15	7	pozniak	pozniak	PROPN
ajeer-7479	15	8	,	,	PUNCT
ajeer-7479	15	9	l.	l.	PROPN
ajeer-7479	15	10	(	(	PUNCT
ajeer-7479	15	11	2025	2025	NUM
ajeer-7479	15	12	)	)	PUNCT
ajeer-7479	15	13	.	.	PUNCT
ajeer-7479	16	1	access	access	NOUN
ajeer-7479	16	2	to	to	ADP
ajeer-7479	16	3	stock	stock	NOUN
ajeer-7479	16	4	markets	market	NOUN
ajeer-7479	16	5	impact	impact	NOUN
ajeer-7479	16	6	on	on	ADP
ajeer-7479	16	7	smes	sme	NOUN
ajeer-7479	16	8	performance	performance	NOUN
ajeer-7479	16	9	.	.	PUNCT
ajeer-7479	17	1	asian	asian	ADJ
ajeer-7479	17	2	journal	journal	PROPN
ajeer-7479	17	3	of	of	ADP
ajeer-7479	17	4	economics	economic	NOUN
ajeer-7479	17	5	and	and	CCONJ
ajeer-7479	17	6	empirical	empirical	ADJ
ajeer-7479	17	7	research	research	NOUN
ajeer-7479	17	8	,	,	PUNCT
ajeer-7479	17	9	12(2	12(2	NUM
ajeer-7479	17	10	)	)	PUNCT
ajeer-7479	17	11	,	,	PUNCT
ajeer-7479	17	12	113–123	113–123	NUM
ajeer-7479	17	13	.	.	PUNCT
ajeer-7479	18	1	10.20448	10.20448	NUM
ajeer-7479	18	2	/	/	SYM
ajeer-7479	18	3	ajeer.v12i2.7479	ajeer.v12i2.7479	PUNCT
ajeer-7479	18	4	history	history	NOUN
ajeer-7479	18	5	:	:	PUNCT
ajeer-7479	18	6	received	receive	VERB
ajeer-7479	18	7	:	:	PUNCT
ajeer-7479	18	8	4	4	NUM
ajeer-7479	18	9	august	august	PROPN
ajeer-7479	18	10	2025	2025	NUM
ajeer-7479	18	11	revised	revise	VERB
ajeer-7479	18	12	:	:	PUNCT
ajeer-7479	18	13	3	3	NUM
ajeer-7479	18	14	september	september	PROPN
ajeer-7479	18	15	2025	2025	NUM
ajeer-7479	18	16	accepted	accept	VERB
ajeer-7479	18	17	:	:	PUNCT
ajeer-7479	18	18	17	17	NUM
ajeer-7479	18	19	september	september	PROPN
ajeer-7479	18	20	2025	2025	NUM
ajeer-7479	18	21	published	publish	VERB
ajeer-7479	18	22	:	:	PUNCT
ajeer-7479	18	23	1	1	NUM
ajeer-7479	18	24	october	october	NOUN
ajeer-7479	18	25	2025	2025	NUM
ajeer-7479	18	26	licensed	license	VERB
ajeer-7479	18	27	:	:	PUNCT
ajeer-7479	18	28	this	this	DET
ajeer-7479	18	29	work	work	NOUN
ajeer-7479	18	30	is	be	AUX
ajeer-7479	18	31	licensed	license	VERB
ajeer-7479	18	32	under	under	ADP
ajeer-7479	18	33	a	a	DET
ajeer-7479	18	34	creative	creative	ADJ
ajeer-7479	18	35	commons	common	NOUN
ajeer-7479	18	36	attribution	attribution	NOUN
ajeer-7479	18	37	4.0	4.0	NUM
ajeer-7479	18	38	license	license	NOUN
ajeer-7479	18	39	publisher	publisher	NOUN
ajeer-7479	18	40	:	:	PUNCT
ajeer-7479	18	41	asian	asian	ADJ
ajeer-7479	18	42	online	online	PROPN
ajeer-7479	18	43	journal	journal	PROPN
ajeer-7479	18	44	publishing	publishing	PROPN
ajeer-7479	18	45	group	group	PROPN
ajeer-7479	18	46	funding	funding	NOUN
ajeer-7479	18	47	:	:	PUNCT
ajeer-7479	18	48	this	this	DET
ajeer-7479	18	49	study	study	NOUN
ajeer-7479	18	50	received	receive	VERB
ajeer-7479	18	51	no	no	DET
ajeer-7479	18	52	specific	specific	ADJ
ajeer-7479	18	53	financial	financial	ADJ
ajeer-7479	18	54	support	support	NOUN
ajeer-7479	18	55	.	.	PUNCT
ajeer-7479	19	1	institutional	institutional	ADJ
ajeer-7479	19	2	review	review	PROPN
ajeer-7479	19	3	board	board	NOUN
ajeer-7479	19	4	statement	statement	NOUN
ajeer-7479	19	5	:	:	PUNCT
ajeer-7479	19	6	not	not	PART
ajeer-7479	19	7	applicable	applicable	ADJ
ajeer-7479	19	8	.	.	PUNCT
ajeer-7479	20	1	transparency	transparency	NOUN
ajeer-7479	20	2	:	:	PUNCT
ajeer-7479	20	3	the	the	DET
ajeer-7479	20	4	authors	author	NOUN
ajeer-7479	20	5	confirm	confirm	VERB
ajeer-7479	20	6	that	that	SCONJ
ajeer-7479	20	7	the	the	DET
ajeer-7479	20	8	manuscript	manuscript	NOUN
ajeer-7479	20	9	is	be	AUX
ajeer-7479	20	10	an	an	DET
ajeer-7479	20	11	honest	honest	ADJ
ajeer-7479	20	12	,	,	PUNCT
ajeer-7479	20	13	accurate	accurate	ADJ
ajeer-7479	20	14	,	,	PUNCT
ajeer-7479	20	15	and	and	CCONJ
ajeer-7479	20	16	transparent	transparent	ADJ
ajeer-7479	20	17	account	account	NOUN
ajeer-7479	20	18	of	of	ADP
ajeer-7479	20	19	the	the	DET
ajeer-7479	20	20	study	study	NOUN
ajeer-7479	20	21	;	;	PUNCT
ajeer-7479	20	22	that	that	SCONJ
ajeer-7479	20	23	no	no	DET
ajeer-7479	20	24	vital	vital	ADJ
ajeer-7479	20	25	features	feature	NOUN
ajeer-7479	20	26	of	of	ADP
ajeer-7479	20	27	the	the	DET
ajeer-7479	20	28	study	study	NOUN
ajeer-7479	20	29	have	have	AUX
ajeer-7479	20	30	been	be	AUX
ajeer-7479	20	31	omitted	omit	VERB
ajeer-7479	20	32	;	;	PUNCT
ajeer-7479	20	33	and	and	CCONJ
ajeer-7479	20	34	that	that	SCONJ
ajeer-7479	20	35	any	any	DET
ajeer-7479	20	36	discrepancies	discrepancy	NOUN
ajeer-7479	20	37	from	from	ADP
ajeer-7479	20	38	the	the	DET
ajeer-7479	20	39	study	study	NOUN
ajeer-7479	20	40	as	as	SCONJ
ajeer-7479	20	41	planned	plan	VERB
ajeer-7479	20	42	have	have	AUX
ajeer-7479	20	43	been	be	AUX
ajeer-7479	20	44	explained	explain	VERB
ajeer-7479	20	45	.	.	PUNCT
ajeer-7479	21	1	this	this	DET
ajeer-7479	21	2	study	study	NOUN
ajeer-7479	21	3	followed	follow	VERB
ajeer-7479	21	4	all	all	DET
ajeer-7479	21	5	ethical	ethical	ADJ
ajeer-7479	21	6	practices	practice	NOUN
ajeer-7479	21	7	during	during	ADP
ajeer-7479	21	8	writing	writing	NOUN
ajeer-7479	21	9	.	.	PUNCT
ajeer-7479	22	1	data	datum	NOUN
ajeer-7479	22	2	availability	availability	NOUN
ajeer-7479	22	3	statement	statement	NOUN
ajeer-7479	22	4	:	:	PUNCT
ajeer-7479	22	5	the	the	DET
ajeer-7479	22	6	corresponding	corresponding	ADJ
ajeer-7479	22	7	author	author	NOUN
ajeer-7479	22	8	may	may	AUX
ajeer-7479	22	9	provide	provide	VERB
ajeer-7479	22	10	study	study	NOUN
ajeer-7479	22	11	data	datum	NOUN
ajeer-7479	22	12	upon	upon	SCONJ
ajeer-7479	22	13	reasonable	reasonable	ADJ
ajeer-7479	22	14	request	request	NOUN
ajeer-7479	22	15	.	.	PUNCT
ajeer-7479	23	1	competing	compete	VERB
ajeer-7479	23	2	interests	interest	NOUN
ajeer-7479	23	3	:	:	PUNCT
ajeer-7479	23	4	the	the	DET
ajeer-7479	23	5	authors	author	NOUN
ajeer-7479	23	6	declare	declare	VERB
ajeer-7479	23	7	that	that	SCONJ
ajeer-7479	23	8	they	they	PRON
ajeer-7479	23	9	have	have	VERB
ajeer-7479	23	10	no	no	DET
ajeer-7479	23	11	competing	compete	VERB
ajeer-7479	23	12	interests	interest	NOUN
ajeer-7479	23	13	.	.	PUNCT
ajeer-7479	24	1	authors	author	NOUN
ajeer-7479	24	2	’	'	PUNCT
ajeer-7479	24	3	contributions	contribution	NOUN
ajeer-7479	24	4	:	:	PUNCT
ajeer-7479	24	5	both	both	DET
ajeer-7479	24	6	authors	author	NOUN
ajeer-7479	24	7	contributed	contribute	VERB
ajeer-7479	24	8	equally	equally	ADV
ajeer-7479	24	9	to	to	ADP
ajeer-7479	24	10	the	the	DET
ajeer-7479	24	11	conception	conception	NOUN
ajeer-7479	24	12	and	and	CCONJ
ajeer-7479	24	13	design	design	NOUN
ajeer-7479	24	14	of	of	ADP
ajeer-7479	24	15	the	the	DET
ajeer-7479	24	16	study	study	NOUN
ajeer-7479	24	17	.	.	PUNCT
ajeer-7479	25	1	both	both	DET
ajeer-7479	25	2	authors	author	NOUN
ajeer-7479	25	3	have	have	AUX
ajeer-7479	25	4	read	read	VERB
ajeer-7479	25	5	and	and	CCONJ
ajeer-7479	25	6	agreed	agree	VERB
ajeer-7479	25	7	to	to	ADP
ajeer-7479	25	8	the	the	DET
ajeer-7479	25	9	published	publish	VERB
ajeer-7479	25	10	version	version	NOUN
ajeer-7479	25	11	of	of	ADP
ajeer-7479	25	12	the	the	DET
ajeer-7479	25	13	manuscript	manuscript	NOUN
ajeer-7479	25	14	.	.	PUNCT
ajeer-7479	26	1	contents	content	NOUN
ajeer-7479	26	2	1	1	NUM
ajeer-7479	26	3	.	.	PUNCT
ajeer-7479	27	1	introduction	introduction	NOUN
ajeer-7479	27	2	....................................................................................................................................................................................	....................................................................................................................................................................................	VERB
ajeer-7479	27	3	114	114	NUM
ajeer-7479	27	4	2	2	NUM
ajeer-7479	27	5	.	.	PUNCT
ajeer-7479	28	1	literature	literature	PROPN
ajeer-7479	28	2	review	review	PROPN
ajeer-7479	28	3	..........................................................................................................................................................................	..........................................................................................................................................................................	PUNCT
ajeer-7479	29	1	114	114	NUM
ajeer-7479	29	2	3	3	NUM
ajeer-7479	29	3	.	.	PUNCT
ajeer-7479	29	4	data	datum	NOUN
ajeer-7479	29	5	and	and	CCONJ
ajeer-7479	29	6	methodology	methodology	NOUN
ajeer-7479	29	7	.................................................................................................................................................................	.................................................................................................................................................................	PUNCT
ajeer-7479	30	1	115	115	NUM
ajeer-7479	30	2	4	4	NUM
ajeer-7479	30	3	.	.	PUNCT
ajeer-7479	30	4	results	result	NOUN
ajeer-7479	30	5	and	and	CCONJ
ajeer-7479	30	6	discussion	discussion	NOUN
ajeer-7479	30	7	.................................................................................................................................................................	.................................................................................................................................................................	PUNCT
ajeer-7479	31	1	117	117	NUM
ajeer-7479	31	2	5	5	NUM
ajeer-7479	31	3	.	.	PUNCT
ajeer-7479	31	4	conclusion	conclusion	NOUN
ajeer-7479	31	5	.......................................................................................................................................................................................	.......................................................................................................................................................................................	PUNCT
ajeer-7479	31	6	121	121	NUM
ajeer-7479	31	7	references	reference	NOUN
ajeer-7479	31	8	............................................................................................................................................................................................	............................................................................................................................................................................................	PUNCT
ajeer-7479	32	1	121	121	NUM
ajeer-7479	32	2	mailto:imanou.akala@student.umons.ac.be	mailto:imanou.akala@student.umons.ac.be	NUM
ajeer-7479	32	3	mailto:laetitia.pozniak@umons.ac.be	mailto:laetitia.pozniak@umons.ac.be	PROPN
ajeer-7479	32	4	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
ajeer-7479	32	5	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
ajeer-7479	32	6	https://www.doi.org/10.20448/ajeer.v12i2.7479	https://www.doi.org/10.20448/ajeer.v12i2.7479	PROPN
ajeer-7479	32	7	https://orcid.org/0009-0002-6885-8006	https://orcid.org/0009-0002-6885-8006	NOUN
ajeer-7479	32	8	https://orcid.org/0009-0003-8468-8972	https://orcid.org/0009-0003-8468-8972	PROPN
ajeer-7479	32	9	asian	asian	PROPN
ajeer-7479	32	10	journal	journal	PROPN
ajeer-7479	32	11	of	of	ADP
ajeer-7479	32	12	economics	economic	NOUN
ajeer-7479	32	13	and	and	CCONJ
ajeer-7479	32	14	empirical	empirical	ADJ
ajeer-7479	32	15	research	research	NOUN
ajeer-7479	32	16	,	,	PUNCT
ajeer-7479	32	17	2025	2025	NUM
ajeer-7479	32	18	,	,	PUNCT
ajeer-7479	32	19	12(2	12(2	NUM
ajeer-7479	32	20	):	):	PUNCT
ajeer-7479	32	21	113	113	NUM
ajeer-7479	32	22	-	-	SYM
ajeer-7479	32	23	123	123	NUM
ajeer-7479	32	24	114	114	NUM
ajeer-7479	32	25	©	©	PROPN
ajeer-7479	32	26	2025	2025	NUM
ajeer-7479	32	27	by	by	ADP
ajeer-7479	32	28	the	the	DET
ajeer-7479	32	29	authors	author	NOUN
ajeer-7479	32	30	;	;	PUNCT
ajeer-7479	32	31	licensee	licensee	PROPN
ajeer-7479	32	32	asian	asian	ADJ
ajeer-7479	32	33	online	online	PROPN
ajeer-7479	32	34	journal	journal	PROPN
ajeer-7479	32	35	publishing	publishing	NOUN
ajeer-7479	32	36	group	group	NOUN
ajeer-7479	32	37	contribution	contribution	NOUN
ajeer-7479	32	38	of	of	ADP
ajeer-7479	32	39	this	this	DET
ajeer-7479	32	40	paper	paper	NOUN
ajeer-7479	32	41	to	to	ADP
ajeer-7479	32	42	the	the	DET
ajeer-7479	32	43	literature	literature	NOUN
ajeer-7479	32	44	this	this	DET
ajeer-7479	32	45	study	study	NOUN
ajeer-7479	32	46	contributes	contribute	VERB
ajeer-7479	32	47	to	to	ADP
ajeer-7479	32	48	the	the	DET
ajeer-7479	32	49	existing	exist	VERB
ajeer-7479	32	50	literature	literature	NOUN
ajeer-7479	32	51	in	in	ADP
ajeer-7479	32	52	different	different	ADJ
ajeer-7479	32	53	ways	way	NOUN
ajeer-7479	32	54	.	.	PUNCT
ajeer-7479	33	1	for	for	ADP
ajeer-7479	33	2	instance	instance	NOUN
ajeer-7479	33	3	,	,	PUNCT
ajeer-7479	33	4	the	the	DET
ajeer-7479	33	5	results	result	NOUN
ajeer-7479	33	6	of	of	ADP
ajeer-7479	33	7	this	this	DET
ajeer-7479	33	8	research	research	NOUN
ajeer-7479	33	9	will	will	AUX
ajeer-7479	33	10	shed	shed	VERB
ajeer-7479	33	11	light	light	NOUN
ajeer-7479	33	12	on	on	ADP
ajeer-7479	33	13	whether	whether	SCONJ
ajeer-7479	33	14	smes	sme	NOUN
ajeer-7479	33	15	'	'	PART
ajeer-7479	33	16	financial	financial	ADJ
ajeer-7479	33	17	performance	performance	NOUN
ajeer-7479	33	18	post	post	ADJ
ajeer-7479	33	19	-	-	ADJ
ajeer-7479	33	20	listing	listing	NOUN
ajeer-7479	33	21	is	be	AUX
ajeer-7479	33	22	one	one	NUM
ajeer-7479	33	23	of	of	ADP
ajeer-7479	33	24	the	the	DET
ajeer-7479	33	25	factors	factor	NOUN
ajeer-7479	33	26	behind	behind	ADP
ajeer-7479	33	27	the	the	DET
ajeer-7479	33	28	constant	constant	ADJ
ajeer-7479	33	29	decline	decline	NOUN
ajeer-7479	33	30	of	of	ADP
ajeer-7479	33	31	smes	sme	NOUN
ajeer-7479	33	32	’	'	PUNCT
ajeer-7479	33	33	ipos	ipos	NOUN
ajeer-7479	33	34	and	and	CCONJ
ajeer-7479	33	35	increased	increase	VERB
ajeer-7479	33	36	delisting	delisting	NOUN
ajeer-7479	33	37	in	in	ADP
ajeer-7479	33	38	europe	europe	PROPN
ajeer-7479	33	39	.	.	PUNCT
ajeer-7479	34	1	this	this	PRON
ajeer-7479	34	2	may	may	AUX
ajeer-7479	34	3	also	also	ADV
ajeer-7479	34	4	help	help	VERB
ajeer-7479	34	5	regulators	regulator	NOUN
ajeer-7479	34	6	and	and	CCONJ
ajeer-7479	34	7	policymakers	policymaker	NOUN
ajeer-7479	34	8	in	in	ADP
ajeer-7479	34	9	their	their	PRON
ajeer-7479	34	10	decisions	decision	NOUN
ajeer-7479	34	11	on	on	ADP
ajeer-7479	34	12	whether	whether	SCONJ
ajeer-7479	34	13	additional	additional	ADJ
ajeer-7479	34	14	steps	step	NOUN
ajeer-7479	34	15	are	be	AUX
ajeer-7479	34	16	necessary	necessary	ADJ
ajeer-7479	34	17	to	to	PART
ajeer-7479	34	18	enhance	enhance	VERB
ajeer-7479	34	19	unregulated	unregulated	ADJ
ajeer-7479	34	20	stock	stock	NOUN
ajeer-7479	34	21	market	market	NOUN
ajeer-7479	34	22	efficiency	efficiency	NOUN
ajeer-7479	34	23	as	as	ADP
ajeer-7479	34	24	a	a	DET
ajeer-7479	34	25	tangible	tangible	ADJ
ajeer-7479	34	26	solution	solution	NOUN
ajeer-7479	34	27	to	to	ADP
ajeer-7479	34	28	smes	sme	NOUN
ajeer-7479	34	29	'	'	PART
ajeer-7479	34	30	financing	financing	NOUN
ajeer-7479	34	31	hurdles	hurdle	NOUN
ajeer-7479	34	32	.	.	PUNCT
ajeer-7479	35	1	1	1	X
ajeer-7479	35	2	.	.	X
ajeer-7479	35	3	introduction	introduction	NOUN
ajeer-7479	35	4	regulatory	regulatory	ADJ
ajeer-7479	35	5	bodies	body	NOUN
ajeer-7479	35	6	accredit	accredit	VERB
ajeer-7479	35	7	stock	stock	NOUN
ajeer-7479	35	8	markets	market	NOUN
ajeer-7479	35	9	with	with	ADP
ajeer-7479	35	10	the	the	DET
ajeer-7479	35	11	aim	aim	NOUN
ajeer-7479	35	12	of	of	ADP
ajeer-7479	35	13	establishing	establish	VERB
ajeer-7479	35	14	platforms	platform	NOUN
ajeer-7479	35	15	to	to	PART
ajeer-7479	35	16	enhance	enhance	VERB
ajeer-7479	35	17	enterprises	enterprise	NOUN
ajeer-7479	35	18	’	'	PUNCT
ajeer-7479	35	19	access	access	NOUN
ajeer-7479	35	20	to	to	ADP
ajeer-7479	35	21	equity	equity	NOUN
ajeer-7479	35	22	funds	fund	NOUN
ajeer-7479	35	23	,	,	PUNCT
ajeer-7479	35	24	which	which	PRON
ajeer-7479	35	25	are	be	AUX
ajeer-7479	35	26	essential	essential	ADJ
ajeer-7479	35	27	for	for	ADP
ajeer-7479	35	28	their	their	PRON
ajeer-7479	35	29	growth	growth	NOUN
ajeer-7479	35	30	and	and	CCONJ
ajeer-7479	35	31	development	development	NOUN
ajeer-7479	35	32	.	.	PUNCT
ajeer-7479	36	1	unlike	unlike	ADP
ajeer-7479	36	2	for	for	ADP
ajeer-7479	36	3	smes	sme	NOUN
ajeer-7479	36	4	,	,	PUNCT
ajeer-7479	36	5	stock	stock	NOUN
ajeer-7479	36	6	exchanges	exchange	NOUN
ajeer-7479	36	7	such	such	ADJ
ajeer-7479	36	8	as	as	ADP
ajeer-7479	36	9	euronext	euronext	PROPN
ajeer-7479	36	10	,	,	PUNCT
ajeer-7479	36	11	the	the	DET
ajeer-7479	36	12	london	london	PROPN
ajeer-7479	36	13	stock	stock	NOUN
ajeer-7479	36	14	exchange	exchange	NOUN
ajeer-7479	36	15	,	,	PUNCT
ajeer-7479	36	16	and	and	CCONJ
ajeer-7479	36	17	deutsche	deutsche	PROPN
ajeer-7479	36	18	börse	börse	NOUN
ajeer-7479	36	19	,	,	PUNCT
ajeer-7479	36	20	among	among	ADP
ajeer-7479	36	21	others	other	NOUN
ajeer-7479	36	22	,	,	PUNCT
ajeer-7479	36	23	have	have	AUX
ajeer-7479	36	24	proven	prove	VERB
ajeer-7479	36	25	effective	effective	ADJ
ajeer-7479	36	26	for	for	ADP
ajeer-7479	36	27	european	european	ADJ
ajeer-7479	36	28	large	large	ADJ
ajeer-7479	36	29	enterprises	enterprise	NOUN
ajeer-7479	36	30	in	in	ADP
ajeer-7479	36	31	their	their	PRON
ajeer-7479	36	32	pursuit	pursuit	NOUN
ajeer-7479	36	33	of	of	ADP
ajeer-7479	36	34	financial	financial	ADJ
ajeer-7479	36	35	resources	resource	NOUN
ajeer-7479	36	36	,	,	PUNCT
ajeer-7479	36	37	as	as	ADV
ajeer-7479	36	38	well	well	ADV
ajeer-7479	36	39	as	as	ADP
ajeer-7479	36	40	for	for	ADP
ajeer-7479	36	41	their	their	PRON
ajeer-7479	36	42	development	development	NOUN
ajeer-7479	36	43	and	and	CCONJ
ajeer-7479	36	44	expansion	expansion	NOUN
ajeer-7479	36	45	(	(	PUNCT
ajeer-7479	36	46	boccaletti	boccaletti	NOUN
ajeer-7479	36	47	,	,	PUNCT
ajeer-7479	36	48	ferrando	ferrando	X
ajeer-7479	36	49	,	,	PUNCT
ajeer-7479	36	50	rossi	rossi	ADJ
ajeer-7479	36	51	,	,	PUNCT
ajeer-7479	36	52	&	&	CCONJ
ajeer-7479	36	53	rossolini	rossolini	PROPN
ajeer-7479	36	54	,	,	PUNCT
ajeer-7479	36	55	2025	2025	NUM
ajeer-7479	36	56	)	)	PUNCT
ajeer-7479	36	57	.	.	PUNCT
ajeer-7479	37	1	compared	compare	VERB
ajeer-7479	37	2	to	to	ADP
ajeer-7479	37	3	just	just	ADV
ajeer-7479	37	4	40,000	40,000	NUM
ajeer-7479	37	5	active	active	ADJ
ajeer-7479	37	6	larger	large	ADJ
ajeer-7479	37	7	enterprises	enterprise	NOUN
ajeer-7479	37	8	,	,	PUNCT
ajeer-7479	37	9	more	more	ADJ
ajeer-7479	37	10	than	than	ADP
ajeer-7479	37	11	22	22	NUM
ajeer-7479	37	12	million	million	NUM
ajeer-7479	37	13	smes	sme	NOUN
ajeer-7479	37	14	were	be	AUX
ajeer-7479	37	15	operating	operate	VERB
ajeer-7479	37	16	in	in	ADP
ajeer-7479	37	17	the	the	DET
ajeer-7479	37	18	eu	eu	PROPN
ajeer-7479	37	19	in	in	ADP
ajeer-7479	37	20	2019	2019	NUM
ajeer-7479	37	21	(	(	PUNCT
ajeer-7479	37	22	european	european	PROPN
ajeer-7479	37	23	commission	commission	PROPN
ajeer-7479	37	24	,	,	PUNCT
ajeer-7479	37	25	2021	2021	NUM
ajeer-7479	37	26	)	)	PUNCT
ajeer-7479	37	27	.	.	PUNCT
ajeer-7479	38	1	according	accord	VERB
ajeer-7479	38	2	to	to	ADP
ajeer-7479	38	3	the	the	DET
ajeer-7479	38	4	european	european	PROPN
ajeer-7479	38	5	commission	commission	PROPN
ajeer-7479	38	6	(	(	PUNCT
ajeer-7479	38	7	2021	2021	NUM
ajeer-7479	38	8	)	)	PUNCT
ajeer-7479	38	9	,	,	PUNCT
ajeer-7479	38	10	smes	sme	NOUN
ajeer-7479	38	11	made	make	VERB
ajeer-7479	38	12	up	up	ADP
ajeer-7479	38	13	99.8	99.8	NUM
ajeer-7479	38	14	%	%	NOUN
ajeer-7479	38	15	of	of	ADP
ajeer-7479	38	16	all	all	DET
ajeer-7479	38	17	enterprises	enterprise	NOUN
ajeer-7479	38	18	in	in	ADP
ajeer-7479	38	19	the	the	DET
ajeer-7479	38	20	region	region	NOUN
ajeer-7479	38	21	;	;	PUNCT
ajeer-7479	38	22	and	and	CCONJ
ajeer-7479	38	23	according	accord	VERB
ajeer-7479	38	24	to	to	ADP
ajeer-7479	38	25	the	the	DET
ajeer-7479	38	26	annual	annual	ADJ
ajeer-7479	38	27	report	report	NOUN
ajeer-7479	38	28	on	on	ADP
ajeer-7479	38	29	european	european	ADJ
ajeer-7479	38	30	smes	sme	NOUN
ajeer-7479	38	31	2020/2021	2020/2021	NUM
ajeer-7479	38	32	,	,	PUNCT
ajeer-7479	38	33	smes	sme	NOUN
ajeer-7479	38	34	are	be	AUX
ajeer-7479	38	35	the	the	DET
ajeer-7479	38	36	largest	large	ADJ
ajeer-7479	38	37	employers	employer	NOUN
ajeer-7479	38	38	in	in	ADP
ajeer-7479	38	39	the	the	DET
ajeer-7479	38	40	eu	eu	PROPN
ajeer-7479	38	41	and	and	CCONJ
ajeer-7479	38	42	globally	globally	ADV
ajeer-7479	38	43	,	,	PUNCT
ajeer-7479	38	44	and	and	CCONJ
ajeer-7479	38	45	they	they	PRON
ajeer-7479	38	46	contribute	contribute	VERB
ajeer-7479	38	47	significantly	significantly	ADV
ajeer-7479	38	48	to	to	ADP
ajeer-7479	38	49	the	the	DET
ajeer-7479	38	50	gdp	gdp	NOUN
ajeer-7479	38	51	of	of	ADP
ajeer-7479	38	52	the	the	DET
ajeer-7479	38	53	eu	eu	PROPN
ajeer-7479	38	54	economies	economy	NOUN
ajeer-7479	38	55	.	.	PUNCT
ajeer-7479	39	1	however	however	ADV
ajeer-7479	39	2	,	,	PUNCT
ajeer-7479	39	3	compared	compare	VERB
ajeer-7479	39	4	to	to	ADP
ajeer-7479	39	5	large	large	ADJ
ajeer-7479	39	6	enterprises	enterprise	NOUN
ajeer-7479	39	7	,	,	PUNCT
ajeer-7479	39	8	smes	sme	NOUN
ajeer-7479	39	9	have	have	VERB
ajeer-7479	39	10	different	different	ADJ
ajeer-7479	39	11	characteristics	characteristic	NOUN
ajeer-7479	39	12	because	because	SCONJ
ajeer-7479	39	13	they	they	PRON
ajeer-7479	39	14	have	have	VERB
ajeer-7479	39	15	specific	specific	ADJ
ajeer-7479	39	16	features	feature	NOUN
ajeer-7479	39	17	and	and	CCONJ
ajeer-7479	39	18	higher	high	ADJ
ajeer-7479	39	19	risk	risk	NOUN
ajeer-7479	39	20	levels	level	NOUN
ajeer-7479	39	21	,	,	PUNCT
ajeer-7479	39	22	which	which	PRON
ajeer-7479	39	23	make	make	VERB
ajeer-7479	39	24	it	it	PRON
ajeer-7479	39	25	difficult	difficult	ADJ
ajeer-7479	39	26	to	to	PART
ajeer-7479	39	27	secure	secure	VERB
ajeer-7479	39	28	financing	financing	NOUN
ajeer-7479	39	29	(	(	PUNCT
ajeer-7479	39	30	karlsson	karlsson	PROPN
ajeer-7479	39	31	,	,	PUNCT
ajeer-7479	39	32	2021	2021	NUM
ajeer-7479	39	33	)	)	PUNCT
ajeer-7479	39	34	.	.	PUNCT
ajeer-7479	40	1	additionally	additionally	ADV
ajeer-7479	40	2	,	,	PUNCT
ajeer-7479	40	3	karlsson	karlsson	PROPN
ajeer-7479	40	4	highlighted	highlight	VERB
ajeer-7479	40	5	that	that	DET
ajeer-7479	40	6	size	size	NOUN
ajeer-7479	40	7	positively	positively	ADV
ajeer-7479	40	8	influences	influence	VERB
ajeer-7479	40	9	enterprise	enterprise	NOUN
ajeer-7479	40	10	performance	performance	NOUN
ajeer-7479	40	11	;	;	PUNCT
ajeer-7479	40	12	the	the	PRON
ajeer-7479	40	13	larger	large	ADJ
ajeer-7479	40	14	the	the	DET
ajeer-7479	40	15	enterprise	enterprise	NOUN
ajeer-7479	40	16	,	,	PUNCT
ajeer-7479	40	17	the	the	PRON
ajeer-7479	40	18	better	well	ADJ
ajeer-7479	40	19	its	its	PRON
ajeer-7479	40	20	performance	performance	NOUN
ajeer-7479	40	21	.	.	PUNCT
ajeer-7479	41	1	hence	hence	ADV
ajeer-7479	41	2	,	,	PUNCT
ajeer-7479	41	3	cognizant	cognizant	ADJ
ajeer-7479	41	4	of	of	ADP
ajeer-7479	41	5	the	the	DET
ajeer-7479	41	6	important	important	ADJ
ajeer-7479	41	7	contribution	contribution	NOUN
ajeer-7479	41	8	of	of	ADP
ajeer-7479	41	9	smes	sme	NOUN
ajeer-7479	41	10	to	to	ADP
ajeer-7479	41	11	the	the	DET
ajeer-7479	41	12	global	global	ADJ
ajeer-7479	41	13	economy	economy	NOUN
ajeer-7479	41	14	,	,	PUNCT
ajeer-7479	41	15	contrasted	contrast	VERB
ajeer-7479	41	16	by	by	ADP
ajeer-7479	41	17	their	their	PRON
ajeer-7479	41	18	limited	limited	ADJ
ajeer-7479	41	19	access	access	NOUN
ajeer-7479	41	20	to	to	ADP
ajeer-7479	41	21	financial	financial	ADJ
ajeer-7479	41	22	resources	resource	NOUN
ajeer-7479	41	23	,	,	PUNCT
ajeer-7479	41	24	which	which	PRON
ajeer-7479	41	25	impairs	impair	VERB
ajeer-7479	41	26	their	their	PRON
ajeer-7479	41	27	growth	growth	NOUN
ajeer-7479	41	28	(	(	PUNCT
ajeer-7479	41	29	european	european	PROPN
ajeer-7479	41	30	commission	commission	PROPN
ajeer-7479	41	31	,	,	PUNCT
ajeer-7479	41	32	2021	2021	NUM
ajeer-7479	41	33	)	)	PUNCT
ajeer-7479	41	34	,	,	PUNCT
ajeer-7479	41	35	unregulated	unregulate	VERB
ajeer-7479	41	36	stock	stock	NOUN
ajeer-7479	41	37	markets	market	NOUN
ajeer-7479	41	38	with	with	ADP
ajeer-7479	41	39	less	less	ADV
ajeer-7479	41	40	stringent	stringent	ADJ
ajeer-7479	41	41	listing	listing	NOUN
ajeer-7479	41	42	conditions	condition	NOUN
ajeer-7479	41	43	,	,	PUNCT
ajeer-7479	41	44	particularly	particularly	ADV
ajeer-7479	41	45	dedicated	dedicated	ADJ
ajeer-7479	41	46	to	to	ADP
ajeer-7479	41	47	smes	sme	NOUN
ajeer-7479	41	48	,	,	PUNCT
ajeer-7479	41	49	have	have	AUX
ajeer-7479	41	50	emerged	emerge	VERB
ajeer-7479	41	51	to	to	PART
ajeer-7479	41	52	facilitate	facilitate	VERB
ajeer-7479	41	53	access	access	NOUN
ajeer-7479	41	54	to	to	ADP
ajeer-7479	41	55	long	long	ADJ
ajeer-7479	41	56	-	-	PUNCT
ajeer-7479	41	57	term	term	NOUN
ajeer-7479	41	58	funds	fund	NOUN
ajeer-7479	41	59	(	(	PUNCT
ajeer-7479	41	60	bolek	bolek	NOUN
ajeer-7479	41	61	&	&	CCONJ
ajeer-7479	41	62	gniadkowska	gniadkowska	PROPN
ajeer-7479	41	63	-	-	PUNCT
ajeer-7479	41	64	szymań	szymań	PROPN
ajeer-7479	41	65	ska	ska	PROPN
ajeer-7479	41	66	,	,	PUNCT
ajeer-7479	41	67	2023	2023	NUM
ajeer-7479	41	68	;	;	PUNCT
ajeer-7479	41	69	demir	demir	PROPN
ajeer-7479	41	70	,	,	PUNCT
ajeer-7479	41	71	2024	2024	NUM
ajeer-7479	41	72	)	)	PUNCT
ajeer-7479	41	73	.	.	PUNCT
ajeer-7479	42	1	furthermore	furthermore	ADV
ajeer-7479	42	2	,	,	PUNCT
ajeer-7479	42	3	demir	demir	PROPN
ajeer-7479	42	4	found	find	VERB
ajeer-7479	42	5	that	that	SCONJ
ajeer-7479	42	6	68	68	NUM
ajeer-7479	42	7	%	%	NOUN
ajeer-7479	42	8	of	of	ADP
ajeer-7479	42	9	primary	primary	ADJ
ajeer-7479	42	10	stock	stock	NOUN
ajeer-7479	42	11	markets	market	NOUN
ajeer-7479	42	12	now	now	ADV
ajeer-7479	42	13	offer	offer	VERB
ajeer-7479	42	14	dedicated	dedicated	ADJ
ajeer-7479	42	15	smes	sme	NOUN
ajeer-7479	42	16	segments	segment	NOUN
ajeer-7479	42	17	with	with	ADP
ajeer-7479	42	18	incentives	incentive	NOUN
ajeer-7479	42	19	such	such	ADJ
ajeer-7479	42	20	as	as	ADP
ajeer-7479	42	21	reduced	reduce	VERB
ajeer-7479	42	22	fees	fee	NOUN
ajeer-7479	42	23	and	and	CCONJ
ajeer-7479	42	24	relaxed	relaxed	ADJ
ajeer-7479	42	25	profitability	profitability	NOUN
ajeer-7479	42	26	criteria	criterion	NOUN
ajeer-7479	42	27	.	.	PUNCT
ajeer-7479	43	1	according	accord	VERB
ajeer-7479	43	2	to	to	ADP
ajeer-7479	43	3	the	the	DET
ajeer-7479	43	4	european	european	PROPN
ajeer-7479	43	5	commission	commission	PROPN
ajeer-7479	43	6	(	(	PUNCT
ajeer-7479	43	7	2022a	2022a	NUM
ajeer-7479	43	8	)	)	PUNCT
ajeer-7479	43	9	,	,	PUNCT
ajeer-7479	43	10	listing	list	VERB
ajeer-7479	43	11	on	on	ADP
ajeer-7479	43	12	stock	stock	NOUN
ajeer-7479	43	13	exchanges	exchange	NOUN
ajeer-7479	43	14	can	can	AUX
ajeer-7479	43	15	give	give	VERB
ajeer-7479	43	16	a	a	DET
ajeer-7479	43	17	significant	significant	ADJ
ajeer-7479	43	18	boost	boost	NOUN
ajeer-7479	43	19	to	to	ADP
ajeer-7479	43	20	smes	sme	NOUN
ajeer-7479	43	21	;	;	PUNCT
ajeer-7479	43	22	the	the	DET
ajeer-7479	43	23	benefits	benefit	NOUN
ajeer-7479	43	24	of	of	ADP
ajeer-7479	43	25	listing	listing	NOUN
ajeer-7479	43	26	include	include	VERB
ajeer-7479	43	27	easier	easy	ADJ
ajeer-7479	43	28	access	access	NOUN
ajeer-7479	43	29	to	to	ADP
ajeer-7479	43	30	additional	additional	ADJ
ajeer-7479	43	31	financial	financial	ADJ
ajeer-7479	43	32	resources	resource	NOUN
ajeer-7479	43	33	and	and	CCONJ
ajeer-7479	43	34	a	a	DET
ajeer-7479	43	35	higher	high	ADJ
ajeer-7479	43	36	public	public	ADJ
ajeer-7479	43	37	profile	profile	NOUN
ajeer-7479	43	38	.	.	PUNCT
ajeer-7479	44	1	regardless	regardless	ADV
ajeer-7479	44	2	of	of	ADP
ajeer-7479	44	3	these	these	DET
ajeer-7479	44	4	regulatory	regulatory	ADJ
ajeer-7479	44	5	astute	astute	ADJ
ajeer-7479	44	6	initiatives	initiative	NOUN
ajeer-7479	44	7	to	to	PART
ajeer-7479	44	8	boost	boost	VERB
ajeer-7479	44	9	and	and	CCONJ
ajeer-7479	44	10	facilitate	facilitate	VERB
ajeer-7479	44	11	access	access	NOUN
ajeer-7479	44	12	to	to	ADP
ajeer-7479	44	13	the	the	DET
ajeer-7479	44	14	public	public	ADJ
ajeer-7479	44	15	equity	equity	NOUN
ajeer-7479	44	16	markets	market	NOUN
ajeer-7479	44	17	,	,	PUNCT
ajeer-7479	44	18	it	it	PRON
ajeer-7479	44	19	must	must	AUX
ajeer-7479	44	20	be	be	AUX
ajeer-7479	44	21	noted	note	VERB
ajeer-7479	44	22	that	that	SCONJ
ajeer-7479	44	23	smes	sme	NOUN
ajeer-7479	44	24	ipos	ipos	PROPN
ajeer-7479	44	25	are	be	AUX
ajeer-7479	44	26	in	in	ADP
ajeer-7479	44	27	constant	constant	ADJ
ajeer-7479	44	28	decline	decline	NOUN
ajeer-7479	44	29	in	in	ADP
ajeer-7479	44	30	europe	europe	PROPN
ajeer-7479	44	31	,	,	PUNCT
ajeer-7479	44	32	leaving	leave	VERB
ajeer-7479	44	33	policymakers	policymaker	NOUN
ajeer-7479	44	34	in	in	ADP
ajeer-7479	44	35	a	a	DET
ajeer-7479	44	36	vacuum	vacuum	NOUN
ajeer-7479	44	37	regarding	regard	VERB
ajeer-7479	44	38	the	the	DET
ajeer-7479	44	39	reasons	reason	NOUN
ajeer-7479	44	40	behind	behind	ADP
ajeer-7479	44	41	this	this	DET
ajeer-7479	44	42	trend	trend	NOUN
ajeer-7479	44	43	.	.	PUNCT
ajeer-7479	45	1	from	from	ADP
ajeer-7479	45	2	2006	2006	NUM
ajeer-7479	45	3	to	to	ADP
ajeer-7479	45	4	2007	2007	NUM
ajeer-7479	45	5	,	,	PUNCT
ajeer-7479	45	6	the	the	DET
ajeer-7479	45	7	annual	annual	ADJ
ajeer-7479	45	8	average	average	NOUN
ajeer-7479	45	9	of	of	ADP
ajeer-7479	45	10	ipos	ipos	NOUN
ajeer-7479	45	11	was	be	AUX
ajeer-7479	45	12	478	478	NUM
ajeer-7479	45	13	,	,	PUNCT
ajeer-7479	45	14	compared	compare	VERB
ajeer-7479	45	15	to	to	ADP
ajeer-7479	45	16	an	an	DET
ajeer-7479	45	17	average	average	NOUN
ajeer-7479	45	18	of	of	ADP
ajeer-7479	45	19	218	218	NUM
ajeer-7479	45	20	ipos	ipos	NOUN
ajeer-7479	45	21	annually	annually	ADV
ajeer-7479	45	22	from	from	ADP
ajeer-7479	45	23	2009	2009	NUM
ajeer-7479	45	24	to	to	ADP
ajeer-7479	45	25	2017	2017	NUM
ajeer-7479	45	26	(	(	PUNCT
ajeer-7479	45	27	european	european	PROPN
ajeer-7479	45	28	commission	commission	PROPN
ajeer-7479	45	29	,	,	PUNCT
ajeer-7479	45	30	2018	2018	NUM
ajeer-7479	45	31	)	)	PUNCT
ajeer-7479	45	32	.	.	PUNCT
ajeer-7479	46	1	also	also	ADV
ajeer-7479	46	2	,	,	PUNCT
ajeer-7479	46	3	recent	recent	ADJ
ajeer-7479	46	4	reports	report	NOUN
ajeer-7479	46	5	highlight	highlight	VERB
ajeer-7479	46	6	that	that	SCONJ
ajeer-7479	46	7	smes	sme	NOUN
ajeer-7479	46	8	listing	listing	NOUN
ajeer-7479	46	9	has	have	AUX
ajeer-7479	46	10	fallen	fall	VERB
ajeer-7479	46	11	by	by	ADP
ajeer-7479	46	12	two	two	NUM
ajeer-7479	46	13	-	-	PUNCT
ajeer-7479	46	14	thirds	third	NOUN
ajeer-7479	46	15	(	(	PUNCT
ajeer-7479	46	16	lehmann	lehmann	NOUN
ajeer-7479	46	17	,	,	PUNCT
ajeer-7479	46	18	2023	2023	NUM
ajeer-7479	46	19	)	)	PUNCT
ajeer-7479	46	20	and	and	CCONJ
ajeer-7479	46	21	ipo	ipo	PROPN
ajeer-7479	46	22	capital	capital	NOUN
ajeer-7479	46	23	raising	raise	VERB
ajeer-7479	46	24	in	in	ADP
ajeer-7479	46	25	the	the	DET
ajeer-7479	46	26	eu	eu	PROPN
ajeer-7479	46	27	decreased	decrease	VERB
ajeer-7479	46	28	from	from	ADP
ajeer-7479	46	29	0.9‰	0.9‰	NOUN
ajeer-7479	46	30	of	of	ADP
ajeer-7479	46	31	gdp	gdp	NOUN
ajeer-7479	46	32	in	in	ADP
ajeer-7479	46	33	2015	2015	NUM
ajeer-7479	46	34	to	to	PART
ajeer-7479	46	35	just	just	ADV
ajeer-7479	46	36	0.3‰	0.3‰	NUM
ajeer-7479	46	37	in	in	ADP
ajeer-7479	46	38	2020	2020	NUM
ajeer-7479	46	39	,	,	PUNCT
ajeer-7479	46	40	indicating	indicate	VERB
ajeer-7479	46	41	a	a	DET
ajeer-7479	46	42	significant	significant	ADJ
ajeer-7479	46	43	decline	decline	NOUN
ajeer-7479	46	44	in	in	ADP
ajeer-7479	46	45	eu	eu	PROPN
ajeer-7479	46	46	stock	stock	NOUN
ajeer-7479	46	47	market	market	NOUN
ajeer-7479	46	48	access	access	NOUN
ajeer-7479	46	49	(	(	PUNCT
ajeer-7479	46	50	european	european	PROPN
ajeer-7479	46	51	commission	commission	PROPN
ajeer-7479	46	52	,	,	PUNCT
ajeer-7479	46	53	2022b	2022b	NUM
ajeer-7479	46	54	)	)	PUNCT
ajeer-7479	46	55	.	.	PUNCT
ajeer-7479	47	1	an	an	DET
ajeer-7479	47	2	assessment	assessment	NOUN
ajeer-7479	47	3	by	by	ADP
ajeer-7479	47	4	the	the	DET
ajeer-7479	47	5	eu	eu	PROPN
ajeer-7479	47	6	audit	audit	PROPN
ajeer-7479	47	7	office	office	NOUN
ajeer-7479	47	8	(	(	PUNCT
ajeer-7479	47	9	2020	2020	NUM
ajeer-7479	47	10	)	)	PUNCT
ajeer-7479	47	11	found	find	VERB
ajeer-7479	47	12	that	that	SCONJ
ajeer-7479	47	13	smes	sme	NOUN
ajeer-7479	47	14	face	face	VERB
ajeer-7479	47	15	substantial	substantial	ADJ
ajeer-7479	47	16	costs	cost	NOUN
ajeer-7479	47	17	up	up	ADP
ajeer-7479	47	18	to	to	PART
ajeer-7479	47	19	15	15	NUM
ajeer-7479	47	20	%	%	NOUN
ajeer-7479	47	21	of	of	ADP
ajeer-7479	47	22	capital	capital	NOUN
ajeer-7479	47	23	raised	raise	VERB
ajeer-7479	47	24	along	along	ADP
ajeer-7479	47	25	with	with	ADP
ajeer-7479	47	26	complex	complex	ADJ
ajeer-7479	47	27	compliance	compliance	NOUN
ajeer-7479	47	28	requirements	requirement	NOUN
ajeer-7479	47	29	,	,	PUNCT
ajeer-7479	47	30	which	which	PRON
ajeer-7479	47	31	ultimately	ultimately	ADV
ajeer-7479	47	32	diminish	diminish	VERB
ajeer-7479	47	33	smes	sme	NOUN
ajeer-7479	47	34	’	'	PUNCT
ajeer-7479	47	35	motivation	motivation	NOUN
ajeer-7479	47	36	to	to	PART
ajeer-7479	47	37	go	go	VERB
ajeer-7479	47	38	public	public	ADJ
ajeer-7479	47	39	and	and	CCONJ
ajeer-7479	47	40	limit	limit	VERB
ajeer-7479	47	41	the	the	DET
ajeer-7479	47	42	potential	potential	ADJ
ajeer-7479	47	43	performance	performance	NOUN
ajeer-7479	47	44	benefits	benefit	NOUN
ajeer-7479	47	45	of	of	ADP
ajeer-7479	47	46	stock	stock	NOUN
ajeer-7479	47	47	market	market	NOUN
ajeer-7479	47	48	access	access	NOUN
ajeer-7479	47	49	.	.	PUNCT
ajeer-7479	48	1	although	although	SCONJ
ajeer-7479	48	2	research	research	NOUN
ajeer-7479	48	3	focusing	focus	VERB
ajeer-7479	48	4	on	on	ADP
ajeer-7479	48	5	smes	sme	NOUN
ajeer-7479	48	6	has	have	AUX
ajeer-7479	48	7	increased	increase	VERB
ajeer-7479	48	8	significantly	significantly	ADV
ajeer-7479	48	9	in	in	ADP
ajeer-7479	48	10	recent	recent	ADJ
ajeer-7479	48	11	decades	decade	NOUN
ajeer-7479	48	12	,	,	PUNCT
ajeer-7479	48	13	limited	limited	ADJ
ajeer-7479	48	14	attention	attention	NOUN
ajeer-7479	48	15	has	have	AUX
ajeer-7479	48	16	been	be	AUX
ajeer-7479	48	17	given	give	VERB
ajeer-7479	48	18	to	to	ADP
ajeer-7479	48	19	the	the	DET
ajeer-7479	48	20	impact	impact	NOUN
ajeer-7479	48	21	of	of	ADP
ajeer-7479	48	22	unregulated	unregulated	ADJ
ajeer-7479	48	23	stock	stock	NOUN
ajeer-7479	48	24	markets	market	NOUN
ajeer-7479	48	25	on	on	ADP
ajeer-7479	48	26	listed	list	VERB
ajeer-7479	48	27	eu	eu	PROPN
ajeer-7479	48	28	smes	sme	NOUN
ajeer-7479	48	29	.	.	PUNCT
ajeer-7479	49	1	consequently	consequently	ADV
ajeer-7479	49	2	,	,	PUNCT
ajeer-7479	49	3	further	further	ADJ
ajeer-7479	49	4	research	research	NOUN
ajeer-7479	49	5	is	be	AUX
ajeer-7479	49	6	required	require	VERB
ajeer-7479	49	7	to	to	PART
ajeer-7479	49	8	close	close	VERB
ajeer-7479	49	9	this	this	DET
ajeer-7479	49	10	gap	gap	NOUN
ajeer-7479	49	11	,	,	PUNCT
ajeer-7479	49	12	as	as	SCONJ
ajeer-7479	49	13	these	these	DET
ajeer-7479	49	14	markets	market	NOUN
ajeer-7479	49	15	offer	offer	VERB
ajeer-7479	49	16	an	an	DET
ajeer-7479	49	17	alternative	alternative	ADJ
ajeer-7479	49	18	financing	financing	NOUN
ajeer-7479	49	19	opportunity	opportunity	NOUN
ajeer-7479	49	20	to	to	ADP
ajeer-7479	49	21	smes	sme	NOUN
ajeer-7479	49	22	.	.	PUNCT
ajeer-7479	50	1	therefore	therefore	ADV
ajeer-7479	50	2	,	,	PUNCT
ajeer-7479	50	3	in	in	ADP
ajeer-7479	50	4	this	this	DET
ajeer-7479	50	5	study	study	NOUN
ajeer-7479	50	6	,	,	PUNCT
ajeer-7479	50	7	we	we	PRON
ajeer-7479	50	8	address	address	VERB
ajeer-7479	50	9	the	the	DET
ajeer-7479	50	10	following	follow	VERB
ajeer-7479	50	11	question	question	NOUN
ajeer-7479	50	12	:	:	PUNCT
ajeer-7479	50	13	"	"	PUNCT
ajeer-7479	50	14	does	do	AUX
ajeer-7479	50	15	access	access	NOUN
ajeer-7479	50	16	to	to	ADP
ajeer-7479	50	17	unregulated	unregulated	ADJ
ajeer-7479	50	18	stock	stock	NOUN
ajeer-7479	50	19	markets	market	NOUN
ajeer-7479	50	20	improve	improve	VERB
ajeer-7479	50	21	eu	eu	PROPN
ajeer-7479	50	22	smes	smes	PROPN
ajeer-7479	50	23	'	'	PART
ajeer-7479	50	24	financial	financial	ADJ
ajeer-7479	50	25	performance	performance	NOUN
ajeer-7479	50	26	compared	compare	VERB
ajeer-7479	50	27	to	to	ADP
ajeer-7479	50	28	their	their	PRON
ajeer-7479	50	29	unlisted	unlisted	ADJ
ajeer-7479	50	30	counterparts	counterpart	NOUN
ajeer-7479	50	31	?	?	PUNCT
ajeer-7479	50	32	"	"	PUNCT
ajeer-7479	51	1	the	the	DET
ajeer-7479	51	2	goal	goal	NOUN
ajeer-7479	51	3	is	be	AUX
ajeer-7479	51	4	to	to	PART
ajeer-7479	51	5	evaluate	evaluate	VERB
ajeer-7479	51	6	the	the	DET
ajeer-7479	51	7	listing	listing	NOUN
ajeer-7479	51	8	effectiveness	effectiveness	NOUN
ajeer-7479	51	9	of	of	ADP
ajeer-7479	51	10	smes	sme	NOUN
ajeer-7479	51	11	'	'	PART
ajeer-7479	51	12	listings	listing	NOUN
ajeer-7479	51	13	on	on	ADP
ajeer-7479	51	14	their	their	PRON
ajeer-7479	51	15	financial	financial	ADJ
ajeer-7479	51	16	performance	performance	NOUN
ajeer-7479	51	17	.	.	PUNCT
ajeer-7479	52	1	to	to	PART
ajeer-7479	52	2	fulfill	fulfill	VERB
ajeer-7479	52	3	this	this	DET
ajeer-7479	52	4	objective	objective	NOUN
ajeer-7479	52	5	,	,	PUNCT
ajeer-7479	52	6	a	a	DET
ajeer-7479	52	7	comparative	comparative	ADJ
ajeer-7479	52	8	analysis	analysis	NOUN
ajeer-7479	52	9	was	be	AUX
ajeer-7479	52	10	conducted	conduct	VERB
ajeer-7479	52	11	using	use	VERB
ajeer-7479	52	12	financial	financial	ADJ
ajeer-7479	52	13	indicators	indicator	NOUN
ajeer-7479	52	14	to	to	PART
ajeer-7479	52	15	assess	assess	VERB
ajeer-7479	52	16	the	the	DET
ajeer-7479	52	17	performance	performance	NOUN
ajeer-7479	52	18	of	of	ADP
ajeer-7479	52	19	both	both	PRON
ajeer-7479	52	20	listed	list	VERB
ajeer-7479	52	21	and	and	CCONJ
ajeer-7479	52	22	unlisted	unlisted	ADJ
ajeer-7479	52	23	smes	sme	NOUN
ajeer-7479	52	24	.	.	PUNCT
ajeer-7479	53	1	2	2	X
ajeer-7479	53	2	.	.	X
ajeer-7479	53	3	literature	literature	NOUN
ajeer-7479	53	4	review	review	VERB
ajeer-7479	53	5	some	some	PRON
ajeer-7479	53	6	of	of	ADP
ajeer-7479	53	7	the	the	DET
ajeer-7479	53	8	work	work	NOUN
ajeer-7479	53	9	done	do	VERB
ajeer-7479	53	10	on	on	ADP
ajeer-7479	53	11	smes	sme	NOUN
ajeer-7479	53	12	includes	include	VERB
ajeer-7479	53	13	the	the	DET
ajeer-7479	53	14	following	following	NOUN
ajeer-7479	53	15	.	.	PUNCT
ajeer-7479	54	1	dabić	dabić	NOUN
ajeer-7479	54	2	et	et	PROPN
ajeer-7479	54	3	al	al	PROPN
ajeer-7479	54	4	.	.	PROPN
ajeer-7479	55	1	(	(	PUNCT
ajeer-7479	55	2	2020	2020	NUM
ajeer-7479	55	3	)	)	PUNCT
ajeer-7479	55	4	analysed	analyse	VERB
ajeer-7479	55	5	smes	sme	NOUN
ajeer-7479	55	6	pathway	pathway	NOUN
ajeer-7479	55	7	to	to	ADP
ajeer-7479	55	8	internationalization	internationalization	NOUN
ajeer-7479	55	9	;	;	PUNCT
ajeer-7479	55	10	gherhes	gherhe	NOUN
ajeer-7479	55	11	,	,	PUNCT
ajeer-7479	55	12	williams	williams	PROPN
ajeer-7479	55	13	,	,	PUNCT
ajeer-7479	55	14	vorley	vorley	NOUN
ajeer-7479	55	15	,	,	PUNCT
ajeer-7479	55	16	and	and	CCONJ
ajeer-7479	55	17	vasconcelos	vasconcelos	PROPN
ajeer-7479	55	18	(	(	PUNCT
ajeer-7479	55	19	2016	2016	NUM
ajeer-7479	55	20	)	)	PUNCT
ajeer-7479	55	21	investigated	investigate	VERB
ajeer-7479	55	22	smes	sme	NOUN
ajeer-7479	55	23	and	and	CCONJ
ajeer-7479	55	24	microbusinesses	microbusinesse	VERB
ajeer-7479	55	25	growth	growth	NOUN
ajeer-7479	55	26	constraints	constraint	NOUN
ajeer-7479	55	27	;	;	PUNCT
ajeer-7479	55	28	mariani	mariani	NOUN
ajeer-7479	55	29	and	and	CCONJ
ajeer-7479	55	30	spoletini	spoletini	ADJ
ajeer-7479	55	31	(	(	PUNCT
ajeer-7479	55	32	2023	2023	NUM
ajeer-7479	55	33	)	)	PUNCT
ajeer-7479	55	34	initially	initially	ADV
ajeer-7479	55	35	,	,	PUNCT
ajeer-7479	55	36	conducted	conduct	VERB
ajeer-7479	55	37	a	a	DET
ajeer-7479	55	38	comparative	comparative	ADJ
ajeer-7479	55	39	study	study	NOUN
ajeer-7479	55	40	examining	examine	VERB
ajeer-7479	55	41	the	the	DET
ajeer-7479	55	42	markets	market	NOUN
ajeer-7479	55	43	'	'	PART
ajeer-7479	55	44	environment	environment	NOUN
ajeer-7479	55	45	,	,	PUNCT
ajeer-7479	55	46	incentives	incentive	NOUN
ajeer-7479	55	47	,	,	PUNCT
ajeer-7479	55	48	primary	primary	ADJ
ajeer-7479	55	49	and	and	CCONJ
ajeer-7479	55	50	secondary	secondary	ADJ
ajeer-7479	55	51	market	market	NOUN
ajeer-7479	55	52	activity	activity	NOUN
ajeer-7479	55	53	,	,	PUNCT
ajeer-7479	55	54	composition	composition	NOUN
ajeer-7479	55	55	,	,	PUNCT
ajeer-7479	55	56	and	and	CCONJ
ajeer-7479	55	57	rules	rule	NOUN
ajeer-7479	55	58	,	,	PUNCT
ajeer-7479	55	59	they	they	PRON
ajeer-7479	55	60	then	then	ADV
ajeer-7479	55	61	carried	carry	VERB
ajeer-7479	55	62	out	out	ADP
ajeer-7479	55	63	an	an	DET
ajeer-7479	55	64	empirical	empirical	ADJ
ajeer-7479	55	65	study	study	NOUN
ajeer-7479	55	66	to	to	PART
ajeer-7479	55	67	evaluate	evaluate	VERB
ajeer-7479	55	68	how	how	SCONJ
ajeer-7479	55	69	investment	investment	NOUN
ajeer-7479	55	70	schemes	scheme	NOUN
ajeer-7479	55	71	affect	affect	VERB
ajeer-7479	55	72	primary	primary	ADJ
ajeer-7479	55	73	market	market	NOUN
ajeer-7479	55	74	by	by	ADP
ajeer-7479	55	75	measuring	measure	VERB
ajeer-7479	55	76	ipo	ipo	NOUN
ajeer-7479	55	77	activities	activity	NOUN
ajeer-7479	55	78	and	and	CCONJ
ajeer-7479	55	79	the	the	DET
ajeer-7479	55	80	secondary	secondary	ADJ
ajeer-7479	55	81	market	market	NOUN
ajeer-7479	55	82	measuring	measure	VERB
ajeer-7479	55	83	the	the	DET
ajeer-7479	55	84	trading	trading	NOUN
ajeer-7479	55	85	activity	activity	NOUN
ajeer-7479	55	86	;	;	PUNCT
ajeer-7479	55	87	stefanelli	stefanelli	NOUN
ajeer-7479	55	88	,	,	PUNCT
ajeer-7479	55	89	ferilli	ferilli	VERB
ajeer-7479	55	90	,	,	PUNCT
ajeer-7479	55	91	and	and	CCONJ
ajeer-7479	55	92	boscia	boscia	PROPN
ajeer-7479	55	93	(	(	PUNCT
ajeer-7479	55	94	2022	2022	NUM
ajeer-7479	55	95	)	)	PUNCT
ajeer-7479	55	96	investigated	investigate	VERB
ajeer-7479	55	97	the	the	DET
ajeer-7479	55	98	role	role	NOUN
ajeer-7479	55	99	of	of	ADP
ajeer-7479	55	100	crowdfunding	crowdfunding	NOUN
ajeer-7479	55	101	and	and	CCONJ
ajeer-7479	55	102	how	how	SCONJ
ajeer-7479	55	103	it	it	PRON
ajeer-7479	55	104	supports	support	VERB
ajeer-7479	55	105	the	the	DET
ajeer-7479	55	106	financing	financing	NOUN
ajeer-7479	55	107	choices	choice	NOUN
ajeer-7479	55	108	of	of	ADP
ajeer-7479	55	109	smes	sme	NOUN
ajeer-7479	55	110	;	;	PUNCT
ajeer-7479	55	111	chaithanapat	chaithanapat	NOUN
ajeer-7479	55	112	,	,	PUNCT
ajeer-7479	55	113	punnakitikashem	punnakitikashem	NOUN
ajeer-7479	55	114	,	,	PUNCT
ajeer-7479	55	115	oo	oo	ADV
ajeer-7479	55	116	,	,	PUNCT
ajeer-7479	55	117	and	and	CCONJ
ajeer-7479	55	118	rakthin	rakthin	PROPN
ajeer-7479	55	119	(	(	PUNCT
ajeer-7479	55	120	2022	2022	NUM
ajeer-7479	55	121	)	)	PUNCT
ajeer-7479	55	122	investigated	investigate	VERB
ajeer-7479	55	123	the	the	DET
ajeer-7479	55	124	relationship	relationship	NOUN
ajeer-7479	55	125	between	between	ADP
ajeer-7479	55	126	knowledge	knowledge	NOUN
ajeer-7479	55	127	-	-	PUNCT
ajeer-7479	55	128	oriented	orient	VERB
ajeer-7479	55	129	leadership	leadership	NOUN
ajeer-7479	55	130	,	,	PUNCT
ajeer-7479	55	131	customer	customer	NOUN
ajeer-7479	55	132	knowledge	knowledge	NOUN
ajeer-7479	55	133	management	management	NOUN
ajeer-7479	55	134	,	,	PUNCT
ajeer-7479	55	135	innovation	innovation	NOUN
ajeer-7479	55	136	quality	quality	NOUN
ajeer-7479	55	137	,	,	PUNCT
ajeer-7479	55	138	and	and	CCONJ
ajeer-7479	55	139	smes	sme	NOUN
ajeer-7479	55	140	performance	performance	NOUN
ajeer-7479	55	141	;	;	PUNCT
ajeer-7479	55	142	hilmersson	hilmersson	NOUN
ajeer-7479	55	143	and	and	CCONJ
ajeer-7479	55	144	hilmersson	hilmersson	NOUN
ajeer-7479	55	145	(	(	PUNCT
ajeer-7479	55	146	2021	2021	NUM
ajeer-7479	55	147	)	)	PUNCT
ajeer-7479	55	148	investigated	investigate	VERB
ajeer-7479	55	149	the	the	DET
ajeer-7479	55	150	role	role	NOUN
ajeer-7479	55	151	of	of	ADP
ajeer-7479	55	152	networking	network	VERB
ajeer-7479	55	153	in	in	ADP
ajeer-7479	55	154	accelerating	accelerate	VERB
ajeer-7479	55	155	sme	sme	ADJ
ajeer-7479	55	156	innovations	innovation	NOUN
ajeer-7479	55	157	;	;	PUNCT
ajeer-7479	55	158	ortigueira	ortigueira	PROPN
ajeer-7479	55	159	-	-	PUNCT
ajeer-7479	55	160	sánchez	sánchez	NOUN
ajeer-7479	55	161	,	,	PUNCT
ajeer-7479	55	162	welsh	welsh	NOUN
ajeer-7479	55	163	,	,	PUNCT
ajeer-7479	55	164	and	and	CCONJ
ajeer-7479	55	165	stein	stein	PROPN
ajeer-7479	55	166	(	(	PUNCT
ajeer-7479	55	167	2022	2022	NUM
ajeer-7479	55	168	)	)	PUNCT
ajeer-7479	55	169	investigated	investigate	VERB
ajeer-7479	55	170	the	the	DET
ajeer-7479	55	171	factors	factor	NOUN
ajeer-7479	55	172	that	that	PRON
ajeer-7479	55	173	influence	influence	VERB
ajeer-7479	55	174	innovation	innovation	NOUN
ajeer-7479	55	175	and	and	CCONJ
ajeer-7479	55	176	export	export	NOUN
ajeer-7479	55	177	performance	performance	NOUN
ajeer-7479	55	178	;	;	PUNCT
ajeer-7479	55	179	karmaker	karmaker	NOUN
ajeer-7479	55	180	,	,	PUNCT
ajeer-7479	55	181	al	al	PROPN
ajeer-7479	55	182	aziz	aziz	PROPN
ajeer-7479	55	183	,	,	PUNCT
ajeer-7479	55	184	palit	palit	ADJ
ajeer-7479	55	185	,	,	PUNCT
ajeer-7479	55	186	and	and	CCONJ
ajeer-7479	55	187	bari	bari	NOUN
ajeer-7479	55	188	(	(	PUNCT
ajeer-7479	55	189	2023	2023	NUM
ajeer-7479	55	190	)	)	PUNCT
ajeer-7479	55	191	examined	examine	VERB
ajeer-7479	55	192	supply	supply	NOUN
ajeer-7479	55	193	chain	chain	NOUN
ajeer-7479	55	194	risk	risk	NOUN
ajeer-7479	55	195	factors	factor	NOUN
ajeer-7479	55	196	in	in	ADP
ajeer-7479	55	197	smes	sme	NOUN
ajeer-7479	55	198	,	,	PUNCT
ajeer-7479	55	199	with	with	ADP
ajeer-7479	55	200	an	an	DET
ajeer-7479	55	201	emphasis	emphasis	NOUN
ajeer-7479	55	202	on	on	ADP
ajeer-7479	55	203	sustainability	sustainability	NOUN
ajeer-7479	55	204	in	in	ADP
ajeer-7479	55	205	emerging	emerge	VERB
ajeer-7479	55	206	economies	economy	NOUN
ajeer-7479	55	207	;	;	PUNCT
ajeer-7479	55	208	and	and	CCONJ
ajeer-7479	55	209	sommer	sommer	NOUN
ajeer-7479	55	210	(	(	PUNCT
ajeer-7479	55	211	2024	2024	NUM
ajeer-7479	55	212	)	)	PUNCT
ajeer-7479	55	213	assessed	assess	VERB
ajeer-7479	55	214	capital	capital	NOUN
ajeer-7479	55	215	markets	market	NOUN
ajeer-7479	55	216	impact	impact	NOUN
ajeer-7479	55	217	on	on	ADP
ajeer-7479	55	218	smes	sme	NOUN
ajeer-7479	55	219	financing	financing	NOUN
ajeer-7479	55	220	limitation	limitation	NOUN
ajeer-7479	55	221	.	.	PUNCT
ajeer-7479	56	1	these	these	DET
ajeer-7479	56	2	studies	study	NOUN
ajeer-7479	56	3	offer	offer	VERB
ajeer-7479	56	4	a	a	DET
ajeer-7479	56	5	holistic	holistic	ADJ
ajeer-7479	56	6	,	,	PUNCT
ajeer-7479	56	7	insightful	insightful	ADJ
ajeer-7479	56	8	look	look	NOUN
ajeer-7479	56	9	at	at	ADP
ajeer-7479	56	10	the	the	DET
ajeer-7479	56	11	complex	complex	ADJ
ajeer-7479	56	12	environment	environment	NOUN
ajeer-7479	56	13	of	of	ADP
ajeer-7479	56	14	smes	sme	NOUN
ajeer-7479	56	15	'	'	PART
ajeer-7479	56	16	access	access	NOUN
ajeer-7479	56	17	to	to	ADP
ajeer-7479	56	18	finance	finance	NOUN
ajeer-7479	56	19	,	,	PUNCT
ajeer-7479	56	20	innovation	innovation	NOUN
ajeer-7479	56	21	,	,	PUNCT
ajeer-7479	56	22	and	and	CCONJ
ajeer-7479	56	23	sustainability	sustainability	NOUN
ajeer-7479	56	24	;	;	PUNCT
ajeer-7479	56	25	although	although	SCONJ
ajeer-7479	56	26	investment	investment	NOUN
ajeer-7479	56	27	schemes	scheme	NOUN
ajeer-7479	56	28	are	be	AUX
ajeer-7479	56	29	important	important	ADJ
ajeer-7479	56	30	in	in	ADP
ajeer-7479	56	31	promoting	promote	VERB
ajeer-7479	56	32	smes	sme	NOUN
ajeer-7479	56	33	'	'	PART
ajeer-7479	56	34	ipos	ipos	NOUN
ajeer-7479	56	35	and	and	CCONJ
ajeer-7479	56	36	favorably	favorably	ADV
ajeer-7479	56	37	impacting	impact	VERB
ajeer-7479	56	38	their	their	PRON
ajeer-7479	56	39	choices	choice	NOUN
ajeer-7479	56	40	to	to	PART
ajeer-7479	56	41	go	go	VERB
ajeer-7479	56	42	public	public	ADJ
ajeer-7479	56	43	,	,	PUNCT
ajeer-7479	56	44	findings	finding	NOUN
ajeer-7479	56	45	emphasize	emphasize	VERB
ajeer-7479	56	46	the	the	DET
ajeer-7479	56	47	urgent	urgent	ADJ
ajeer-7479	56	48	need	need	NOUN
ajeer-7479	56	49	for	for	ADP
ajeer-7479	56	50	a	a	DET
ajeer-7479	56	51	comprehensive	comprehensive	ADJ
ajeer-7479	56	52	in	in	ADP
ajeer-7479	56	53	-	-	PUNCT
ajeer-7479	56	54	depth	depth	NOUN
ajeer-7479	56	55	analysis	analysis	NOUN
ajeer-7479	56	56	of	of	ADP
ajeer-7479	56	57	the	the	DET
ajeer-7479	56	58	variables	variable	NOUN
ajeer-7479	56	59	impacting	impact	VERB
ajeer-7479	56	60	smes	sme	NOUN
ajeer-7479	56	61	'	'	PART
ajeer-7479	56	62	performance	performance	NOUN
ajeer-7479	56	63	.	.	PUNCT
ajeer-7479	57	1	2.1	2.1	NUM
ajeer-7479	57	2	.	.	PUNCT
ajeer-7479	57	3	access	access	NOUN
ajeer-7479	57	4	to	to	ADP
ajeer-7479	57	5	stock	stock	NOUN
ajeer-7479	57	6	market	market	NOUN
ajeer-7479	57	7	as	as	ADP
ajeer-7479	57	8	an	an	DET
ajeer-7479	57	9	alternative	alternative	ADJ
ajeer-7479	57	10	solution	solution	NOUN
ajeer-7479	57	11	in	in	ADP
ajeer-7479	57	12	fact	fact	NOUN
ajeer-7479	57	13	,	,	PUNCT
ajeer-7479	57	14	research	research	NOUN
ajeer-7479	57	15	illustrates	illustrate	VERB
ajeer-7479	57	16	that	that	SCONJ
ajeer-7479	57	17	smes	sme	NOUN
ajeer-7479	57	18	'	'	PART
ajeer-7479	57	19	ability	ability	NOUN
ajeer-7479	57	20	to	to	PART
ajeer-7479	57	21	raise	raise	VERB
ajeer-7479	57	22	capital	capital	NOUN
ajeer-7479	57	23	for	for	ADP
ajeer-7479	57	24	their	their	PRON
ajeer-7479	57	25	expansion	expansion	NOUN
ajeer-7479	57	26	and	and	CCONJ
ajeer-7479	57	27	development	development	NOUN
ajeer-7479	57	28	determines	determine	VERB
ajeer-7479	57	29	their	their	PRON
ajeer-7479	57	30	growth	growth	NOUN
ajeer-7479	57	31	capacity	capacity	NOUN
ajeer-7479	57	32	,	,	PUNCT
ajeer-7479	57	33	whether	whether	SCONJ
ajeer-7479	57	34	in	in	ADP
ajeer-7479	57	35	europe	europe	PROPN
ajeer-7479	57	36	or	or	CCONJ
ajeer-7479	57	37	elsewhere	elsewhere	ADV
ajeer-7479	57	38	;	;	PUNCT
ajeer-7479	57	39	it	it	PRON
ajeer-7479	57	40	is	be	AUX
ajeer-7479	57	41	the	the	DET
ajeer-7479	57	42	biggest	big	ADJ
ajeer-7479	57	43	obstacle	obstacle	NOUN
ajeer-7479	57	44	smes	sme	NOUN
ajeer-7479	57	45	face	face	VERB
ajeer-7479	57	46	globally	globally	ADV
ajeer-7479	57	47	.	.	PUNCT
ajeer-7479	58	1	the	the	DET
ajeer-7479	58	2	causes	cause	NOUN
ajeer-7479	58	3	of	of	ADP
ajeer-7479	58	4	these	these	DET
ajeer-7479	58	5	limitations	limitation	NOUN
ajeer-7479	58	6	range	range	VERB
ajeer-7479	58	7	from	from	ADP
ajeer-7479	58	8	smes	sme	NOUN
ajeer-7479	58	9	'	'	PART
ajeer-7479	58	10	main	main	ADJ
ajeer-7479	58	11	reliance	reliance	NOUN
ajeer-7479	58	12	on	on	ADP
ajeer-7479	58	13	bank	bank	NOUN
ajeer-7479	58	14	credits	credit	NOUN
ajeer-7479	58	15	,	,	PUNCT
ajeer-7479	58	16	which	which	PRON
ajeer-7479	58	17	are	be	AUX
ajeer-7479	58	18	becoming	become	VERB
ajeer-7479	58	19	scarce	scarce	ADJ
ajeer-7479	58	20	(	(	PUNCT
ajeer-7479	58	21	wehinger	wehinger	NOUN
ajeer-7479	58	22	&	&	CCONJ
ajeer-7479	58	23	nassr	nassr	PROPN
ajeer-7479	58	24	,	,	PUNCT
ajeer-7479	58	25	2016	2016	NUM
ajeer-7479	58	26	)	)	PUNCT
ajeer-7479	58	27	,	,	PUNCT
ajeer-7479	58	28	the	the	DET
ajeer-7479	58	29	pecking	pecking	NOUN
ajeer-7479	58	30	theory	theory	NOUN
ajeer-7479	58	31	(	(	PUNCT
ajeer-7479	58	32	myers	myers	PROPN
ajeer-7479	58	33	&	&	CCONJ
ajeer-7479	58	34	majluf	majluf	PROPN
ajeer-7479	58	35	,	,	PUNCT
ajeer-7479	58	36	1984	1984	NUM
ajeer-7479	58	37	)	)	PUNCT
ajeer-7479	58	38	whereby	whereby	SCONJ
ajeer-7479	58	39	enterprises	enterprise	NOUN
ajeer-7479	58	40	tend	tend	VERB
ajeer-7479	58	41	to	to	PART
ajeer-7479	58	42	prioritise	prioritise	VERB
ajeer-7479	58	43	internal	internal	ADJ
ajeer-7479	58	44	financing	financing	NOUN
ajeer-7479	58	45	over	over	ADP
ajeer-7479	58	46	external	external	ADJ
ajeer-7479	58	47	,	,	PUNCT
ajeer-7479	58	48	and	and	CCONJ
ajeer-7479	58	49	debt	debt	NOUN
ajeer-7479	58	50	over	over	ADP
ajeer-7479	58	51	equity	equity	NOUN
ajeer-7479	58	52	;	;	PUNCT
ajeer-7479	58	53	along	along	ADP
ajeer-7479	58	54	with	with	ADP
ajeer-7479	58	55	the	the	DET
ajeer-7479	58	56	difficulties	difficulty	NOUN
ajeer-7479	58	57	accessing	access	VERB
ajeer-7479	58	58	capital	capital	NOUN
ajeer-7479	58	59	markets	market	NOUN
ajeer-7479	58	60	because	because	SCONJ
ajeer-7479	58	61	of	of	ADP
ajeer-7479	58	62	the	the	DET
ajeer-7479	58	63	costly	costly	ADJ
ajeer-7479	58	64	disclosure	disclosure	NOUN
ajeer-7479	58	65	requirements	requirement	NOUN
ajeer-7479	58	66	during	during	ADP
ajeer-7479	58	67	and	and	CCONJ
ajeer-7479	58	68	after	after	ADP
ajeer-7479	58	69	ipos	ipos	NOUN
ajeer-7479	58	70	,	,	PUNCT
ajeer-7479	58	71	the	the	DET
ajeer-7479	58	72	regulatory	regulatory	ADJ
ajeer-7479	58	73	hurdles	hurdle	NOUN
ajeer-7479	58	74	coupled	couple	VERB
ajeer-7479	58	75	with	with	ADP
ajeer-7479	58	76	institutional	institutional	ADJ
ajeer-7479	58	77	and	and	CCONJ
ajeer-7479	58	78	legal	legal	ADJ
ajeer-7479	58	79	impediments	impediment	NOUN
ajeer-7479	58	80	(	(	PUNCT
ajeer-7479	58	81	lopezasian	lopezasian	ADJ
ajeer-7479	58	82	journal	journal	NOUN
ajeer-7479	58	83	of	of	ADP
ajeer-7479	58	84	economics	economic	NOUN
ajeer-7479	58	85	and	and	CCONJ
ajeer-7479	58	86	empirical	empirical	ADJ
ajeer-7479	58	87	research	research	NOUN
ajeer-7479	58	88	,	,	PUNCT
ajeer-7479	58	89	2025	2025	NUM
ajeer-7479	58	90	,	,	PUNCT
ajeer-7479	58	91	12(2	12(2	NUM
ajeer-7479	58	92	):	):	PUNCT
ajeer-7479	58	93	113	113	NUM
ajeer-7479	58	94	-	-	SYM
ajeer-7479	58	95	123	123	NUM
ajeer-7479	58	96	115	115	NUM
ajeer-7479	58	97	©	©	PROPN
ajeer-7479	58	98	2025	2025	NUM
ajeer-7479	58	99	by	by	ADP
ajeer-7479	58	100	the	the	DET
ajeer-7479	58	101	authors	author	NOUN
ajeer-7479	58	102	;	;	PUNCT
ajeer-7479	58	103	licensee	licensee	PROPN
ajeer-7479	58	104	asian	asian	ADJ
ajeer-7479	58	105	online	online	PROPN
ajeer-7479	58	106	journal	journal	PROPN
ajeer-7479	58	107	publishing	publishing	NOUN
ajeer-7479	58	108	group	group	PROPN
ajeer-7479	58	109	de	de	PROPN
ajeer-7479	58	110	-	-	NOUN
ajeer-7479	58	111	silanes	silane	NOUN
ajeer-7479	58	112	,	,	PUNCT
ajeer-7479	58	113	phalippou	phalippou	PROPN
ajeer-7479	58	114	,	,	PUNCT
ajeer-7479	58	115	&	&	CCONJ
ajeer-7479	58	116	gottschalg	gottschalg	NOUN
ajeer-7479	58	117	,	,	PUNCT
ajeer-7479	58	118	2015	2015	NUM
ajeer-7479	58	119	)	)	PUNCT
ajeer-7479	58	120	.	.	PUNCT
ajeer-7479	59	1	even	even	ADV
ajeer-7479	59	2	though	though	SCONJ
ajeer-7479	59	3	ipos	ipos	PROPN
ajeer-7479	59	4	are	be	AUX
ajeer-7479	59	5	gateways	gateway	NOUN
ajeer-7479	59	6	that	that	PRON
ajeer-7479	59	7	provide	provide	VERB
ajeer-7479	59	8	enterprises	enterprise	NOUN
ajeer-7479	59	9	access	access	NOUN
ajeer-7479	59	10	to	to	ADP
ajeer-7479	59	11	equity	equity	NOUN
ajeer-7479	59	12	capital	capital	NOUN
ajeer-7479	59	13	for	for	ADP
ajeer-7479	59	14	their	their	PRON
ajeer-7479	59	15	growth	growth	NOUN
ajeer-7479	59	16	and	and	CCONJ
ajeer-7479	59	17	development	development	NOUN
ajeer-7479	59	18	(	(	PUNCT
ajeer-7479	59	19	fama	fama	PROPN
ajeer-7479	59	20	&	&	CCONJ
ajeer-7479	59	21	french	french	PROPN
ajeer-7479	59	22	,	,	PUNCT
ajeer-7479	59	23	2004	2004	NUM
ajeer-7479	59	24	)	)	PUNCT
ajeer-7479	59	25	,	,	PUNCT
ajeer-7479	59	26	due	due	ADP
ajeer-7479	59	27	to	to	ADP
ajeer-7479	59	28	the	the	DET
ajeer-7479	59	29	dearth	dearth	NOUN
ajeer-7479	59	30	of	of	ADP
ajeer-7479	59	31	information	information	NOUN
ajeer-7479	59	32	on	on	ADP
ajeer-7479	59	33	smes	sme	NOUN
ajeer-7479	59	34	'	'	PART
ajeer-7479	59	35	financial	financial	ADJ
ajeer-7479	59	36	status	status	NOUN
ajeer-7479	59	37	,	,	PUNCT
ajeer-7479	59	38	investors	investor	NOUN
ajeer-7479	59	39	have	have	AUX
ajeer-7479	59	40	long	long	ADV
ajeer-7479	59	41	perceived	perceive	VERB
ajeer-7479	59	42	smes	sme	NOUN
ajeer-7479	59	43	as	as	ADP
ajeer-7479	59	44	risky	risky	ADJ
ajeer-7479	59	45	investments	investment	NOUN
ajeer-7479	59	46	(	(	PUNCT
ajeer-7479	59	47	ritter	ritter	PROPN
ajeer-7479	59	48	&	&	CCONJ
ajeer-7479	59	49	welch	welch	PROPN
ajeer-7479	59	50	,	,	PUNCT
ajeer-7479	59	51	2002	2002	NUM
ajeer-7479	59	52	)	)	PUNCT
ajeer-7479	59	53	.	.	PUNCT
ajeer-7479	60	1	to	to	PART
ajeer-7479	60	2	alleviate	alleviate	VERB
ajeer-7479	60	3	this	this	DET
ajeer-7479	60	4	problem	problem	NOUN
ajeer-7479	60	5	,	,	PUNCT
ajeer-7479	60	6	regulators	regulator	NOUN
ajeer-7479	60	7	in	in	ADP
ajeer-7479	60	8	the	the	DET
ajeer-7479	60	9	eu	eu	PROPN
ajeer-7479	60	10	have	have	AUX
ajeer-7479	60	11	launched	launch	VERB
ajeer-7479	60	12	the	the	DET
ajeer-7479	60	13	sme	sme	PROPN
ajeer-7479	60	14	growth	growth	NOUN
ajeer-7479	60	15	markets	market	NOUN
ajeer-7479	60	16	with	with	ADP
ajeer-7479	60	17	the	the	DET
ajeer-7479	60	18	creation	creation	NOUN
ajeer-7479	60	19	of	of	ADP
ajeer-7479	60	20	unregulated	unregulated	ADJ
ajeer-7479	60	21	markets	market	NOUN
ajeer-7479	60	22	such	such	ADJ
ajeer-7479	60	23	as	as	ADP
ajeer-7479	60	24	euronext	euronext	PROPN
ajeer-7479	60	25	growth	growth	NOUN
ajeer-7479	60	26	(	(	PUNCT
ajeer-7479	60	27	formerly	formerly	ADV
ajeer-7479	60	28	known	know	VERB
ajeer-7479	60	29	as	as	ADP
ajeer-7479	60	30	alternext	alternext	NOUN
ajeer-7479	60	31	)	)	PUNCT
ajeer-7479	60	32	or	or	CCONJ
ajeer-7479	60	33	euronext	euronext	NOUN
ajeer-7479	60	34	access	access	NOUN
ajeer-7479	60	35	(	(	PUNCT
ajeer-7479	60	36	formerly	formerly	ADV
ajeer-7479	60	37	known	know	VERB
ajeer-7479	60	38	as	as	ADP
ajeer-7479	60	39	the	the	DET
ajeer-7479	60	40	free	free	ADJ
ajeer-7479	60	41	market	market	NOUN
ajeer-7479	60	42	)	)	PUNCT
ajeer-7479	60	43	and	and	CCONJ
ajeer-7479	60	44	others	other	NOUN
ajeer-7479	60	45	.	.	PUNCT
ajeer-7479	61	1	this	this	PRON
ajeer-7479	61	2	is	be	AUX
ajeer-7479	61	3	intended	intend	VERB
ajeer-7479	61	4	to	to	PART
ajeer-7479	61	5	contribute	contribute	VERB
ajeer-7479	61	6	to	to	ADP
ajeer-7479	61	7	reducing	reduce	VERB
ajeer-7479	61	8	smes	sme	NOUN
ajeer-7479	61	9	'	'	PART
ajeer-7479	61	10	financial	financial	ADJ
ajeer-7479	61	11	hassle	hassle	NOUN
ajeer-7479	61	12	.	.	PUNCT
ajeer-7479	62	1	certainly	certainly	ADV
ajeer-7479	62	2	,	,	PUNCT
ajeer-7479	62	3	capital	capital	NOUN
ajeer-7479	62	4	markets	market	NOUN
ajeer-7479	62	5	’	'	PUNCT
ajeer-7479	62	6	mandatory	mandatory	ADJ
ajeer-7479	62	7	requirement	requirement	NOUN
ajeer-7479	62	8	for	for	ADP
ajeer-7479	62	9	financial	financial	ADJ
ajeer-7479	62	10	information	information	NOUN
ajeer-7479	62	11	disclosure	disclosure	NOUN
ajeer-7479	62	12	would	would	AUX
ajeer-7479	62	13	increase	increase	VERB
ajeer-7479	62	14	smes	sme	NOUN
ajeer-7479	62	15	'	'	PART
ajeer-7479	62	16	visibility	visibility	NOUN
ajeer-7479	62	17	,	,	PUNCT
ajeer-7479	62	18	giving	give	VERB
ajeer-7479	62	19	investors	investor	NOUN
ajeer-7479	62	20	access	access	NOUN
ajeer-7479	62	21	to	to	ADP
ajeer-7479	62	22	more	more	ADV
ajeer-7479	62	23	credible	credible	ADJ
ajeer-7479	62	24	and	and	CCONJ
ajeer-7479	62	25	reliable	reliable	ADJ
ajeer-7479	62	26	information	information	NOUN
ajeer-7479	62	27	for	for	ADP
ajeer-7479	62	28	investment	investment	NOUN
ajeer-7479	62	29	.	.	PUNCT
ajeer-7479	63	1	in	in	ADP
ajeer-7479	63	2	addition	addition	NOUN
ajeer-7479	63	3	to	to	ADP
ajeer-7479	63	4	offering	offer	VERB
ajeer-7479	63	5	tax	tax	NOUN
ajeer-7479	63	6	advantages	advantage	NOUN
ajeer-7479	63	7	to	to	ADP
ajeer-7479	63	8	investors	investor	NOUN
ajeer-7479	63	9	,	,	PUNCT
ajeer-7479	63	10	it	it	PRON
ajeer-7479	63	11	offers	offer	VERB
ajeer-7479	63	12	considerable	considerable	ADJ
ajeer-7479	63	13	opportunities	opportunity	NOUN
ajeer-7479	63	14	for	for	SCONJ
ajeer-7479	63	15	investors	investor	NOUN
ajeer-7479	63	16	to	to	PART
ajeer-7479	63	17	distinguish	distinguish	VERB
ajeer-7479	63	18	and	and	CCONJ
ajeer-7479	63	19	finance	finance	VERB
ajeer-7479	63	20	high	high	ADJ
ajeer-7479	63	21	-	-	PUNCT
ajeer-7479	63	22	growth	growth	NOUN
ajeer-7479	63	23	smes	sme	NOUN
ajeer-7479	63	24	and	and	CCONJ
ajeer-7479	63	25	take	take	VERB
ajeer-7479	63	26	part	part	NOUN
ajeer-7479	63	27	in	in	ADP
ajeer-7479	63	28	their	their	PRON
ajeer-7479	63	29	valuation	valuation	NOUN
ajeer-7479	63	30	,	,	PUNCT
ajeer-7479	63	31	which	which	PRON
ajeer-7479	63	32	will	will	AUX
ajeer-7479	63	33	ultimately	ultimately	ADV
ajeer-7479	63	34	generate	generate	VERB
ajeer-7479	63	35	value	value	NOUN
ajeer-7479	63	36	for	for	ADP
ajeer-7479	63	37	all	all	DET
ajeer-7479	63	38	parties	party	NOUN
ajeer-7479	63	39	involved	involve	VERB
ajeer-7479	63	40	.	.	PUNCT
ajeer-7479	64	1	the	the	DET
ajeer-7479	64	2	literature	literature	NOUN
ajeer-7479	64	3	has	have	AUX
ajeer-7479	64	4	shown	show	VERB
ajeer-7479	64	5	that	that	SCONJ
ajeer-7479	64	6	as	as	SCONJ
ajeer-7479	64	7	they	they	PRON
ajeer-7479	64	8	gain	gain	VERB
ajeer-7479	64	9	from	from	ADP
ajeer-7479	64	10	long	long	ADJ
ajeer-7479	64	11	-	-	PUNCT
ajeer-7479	64	12	term	term	NOUN
ajeer-7479	64	13	financing	financing	NOUN
ajeer-7479	64	14	,	,	PUNCT
ajeer-7479	64	15	listed	list	VERB
ajeer-7479	64	16	smes	sme	NOUN
ajeer-7479	64	17	would	would	AUX
ajeer-7479	64	18	expand	expand	VERB
ajeer-7479	64	19	and	and	CCONJ
ajeer-7479	64	20	surpass	surpass	VERB
ajeer-7479	64	21	unlisted	unlisted	ADJ
ajeer-7479	64	22	smes	sme	NOUN
ajeer-7479	64	23	,	,	PUNCT
ajeer-7479	64	24	which	which	PRON
ajeer-7479	64	25	are	be	AUX
ajeer-7479	64	26	left	leave	VERB
ajeer-7479	64	27	behind	behind	ADV
ajeer-7479	64	28	(	(	PUNCT
ajeer-7479	64	29	sommer	sommer	NOUN
ajeer-7479	64	30	,	,	PUNCT
ajeer-7479	64	31	2024	2024	NUM
ajeer-7479	64	32	)	)	PUNCT
ajeer-7479	64	33	which	which	PRON
ajeer-7479	64	34	is	be	AUX
ajeer-7479	64	35	consistent	consistent	ADJ
ajeer-7479	64	36	with	with	ADP
ajeer-7479	64	37	the	the	DET
ajeer-7479	64	38	signalling	signal	VERB
ajeer-7479	64	39	theory	theory	NOUN
ajeer-7479	64	40	,	,	PUNCT
ajeer-7479	64	41	enterprises	enterprise	NOUN
ajeer-7479	64	42	ipo	ipo	NOUN
ajeer-7479	64	43	decision	decision	NOUN
ajeer-7479	64	44	is	be	AUX
ajeer-7479	64	45	not	not	PART
ajeer-7479	64	46	merely	merely	ADV
ajeer-7479	64	47	only	only	ADV
ajeer-7479	64	48	a	a	DET
ajeer-7479	64	49	means	mean	NOUN
ajeer-7479	64	50	of	of	ADP
ajeer-7479	64	51	accessing	access	VERB
ajeer-7479	64	52	external	external	ADJ
ajeer-7479	64	53	finance	finance	NOUN
ajeer-7479	64	54	but	but	CCONJ
ajeer-7479	64	55	also	also	ADV
ajeer-7479	64	56	a	a	DET
ajeer-7479	64	57	strategic	strategic	ADJ
ajeer-7479	64	58	signalling	signal	VERB
ajeer-7479	64	59	mechanism	mechanism	NOUN
ajeer-7479	64	60	to	to	PART
ajeer-7479	64	61	reduce	reduce	VERB
ajeer-7479	64	62	information	information	NOUN
ajeer-7479	64	63	asymmetry	asymmetry	NOUN
ajeer-7479	64	64	and	and	CCONJ
ajeer-7479	64	65	attract	attract	VERB
ajeer-7479	64	66	external	external	ADJ
ajeer-7479	64	67	stakeholders	stakeholder	NOUN
ajeer-7479	64	68	(	(	PUNCT
ajeer-7479	64	69	leland	leland	PROPN
ajeer-7479	64	70	&	&	CCONJ
ajeer-7479	64	71	pyle	pyle	PROPN
ajeer-7479	64	72	,	,	PUNCT
ajeer-7479	64	73	1977	1977	NUM
ajeer-7479	64	74	)	)	PUNCT
ajeer-7479	64	75	.	.	PUNCT
ajeer-7479	65	1	chemmanur	chemmanur	NOUN
ajeer-7479	65	2	and	and	CCONJ
ajeer-7479	65	3	fulghieri	fulghieri	PROPN
ajeer-7479	65	4	(	(	PUNCT
ajeer-7479	65	5	1999	1999	NUM
ajeer-7479	65	6	)	)	PUNCT
ajeer-7479	65	7	demonstrate	demonstrate	VERB
ajeer-7479	65	8	that	that	SCONJ
ajeer-7479	65	9	enterprises	enterprise	NOUN
ajeer-7479	65	10	utilise	utilise	VERB
ajeer-7479	65	11	listing	list	VERB
ajeer-7479	65	12	to	to	PART
ajeer-7479	65	13	fund	fund	VERB
ajeer-7479	65	14	growth	growth	NOUN
ajeer-7479	65	15	,	,	PUNCT
ajeer-7479	65	16	research	research	NOUN
ajeer-7479	65	17	and	and	CCONJ
ajeer-7479	65	18	development	development	NOUN
ajeer-7479	65	19	,	,	PUNCT
ajeer-7479	65	20	and	and	CCONJ
ajeer-7479	65	21	acquisitions	acquisition	NOUN
ajeer-7479	65	22	,	,	PUNCT
ajeer-7479	65	23	thereby	thereby	ADV
ajeer-7479	65	24	enabling	enable	VERB
ajeer-7479	65	25	strategic	strategic	ADJ
ajeer-7479	65	26	expansion	expansion	NOUN
ajeer-7479	65	27	.	.	PUNCT
ajeer-7479	66	1	according	accord	VERB
ajeer-7479	66	2	to	to	ADP
ajeer-7479	66	3	floros	floros	PROPN
ajeer-7479	66	4	and	and	CCONJ
ajeer-7479	66	5	sapp	sapp	X
ajeer-7479	66	6	(	(	PUNCT
ajeer-7479	66	7	2011	2011	NUM
ajeer-7479	66	8	)	)	PUNCT
ajeer-7479	66	9	,	,	PUNCT
ajeer-7479	66	10	access	access	NOUN
ajeer-7479	66	11	to	to	ADP
ajeer-7479	66	12	the	the	DET
ajeer-7479	66	13	stock	stock	NOUN
ajeer-7479	66	14	market	market	NOUN
ajeer-7479	66	15	can	can	AUX
ajeer-7479	66	16	increase	increase	VERB
ajeer-7479	66	17	enterprises	enterprise	NOUN
ajeer-7479	66	18	'	'	PART
ajeer-7479	66	19	visibility	visibility	NOUN
ajeer-7479	66	20	and	and	CCONJ
ajeer-7479	66	21	credibility	credibility	NOUN
ajeer-7479	66	22	,	,	PUNCT
ajeer-7479	66	23	which	which	PRON
ajeer-7479	66	24	in	in	ADP
ajeer-7479	66	25	turn	turn	NOUN
ajeer-7479	66	26	may	may	AUX
ajeer-7479	66	27	translate	translate	VERB
ajeer-7479	66	28	into	into	ADP
ajeer-7479	66	29	competitive	competitive	ADJ
ajeer-7479	66	30	benefits	benefit	NOUN
ajeer-7479	66	31	and	and	CCONJ
ajeer-7479	66	32	business	business	NOUN
ajeer-7479	66	33	opportunities	opportunity	NOUN
ajeer-7479	66	34	.	.	PUNCT
ajeer-7479	67	1	the	the	DET
ajeer-7479	67	2	above	above	ADJ
ajeer-7479	67	3	theoretical	theoretical	ADJ
ajeer-7479	67	4	background	background	NOUN
ajeer-7479	67	5	gives	give	VERB
ajeer-7479	67	6	a	a	DET
ajeer-7479	67	7	clear	clear	ADJ
ajeer-7479	67	8	guideline	guideline	NOUN
ajeer-7479	67	9	on	on	ADP
ajeer-7479	67	10	why	why	SCONJ
ajeer-7479	67	11	smes	sme	NOUN
ajeer-7479	67	12	should	should	AUX
ajeer-7479	67	13	consider	consider	VERB
ajeer-7479	67	14	the	the	DET
ajeer-7479	67	15	unregulated	unregulated	ADJ
ajeer-7479	67	16	stock	stock	NOUN
ajeer-7479	67	17	market	market	NOUN
ajeer-7479	67	18	as	as	ADP
ajeer-7479	67	19	an	an	DET
ajeer-7479	67	20	efficient	efficient	ADJ
ajeer-7479	67	21	alternative	alternative	ADJ
ajeer-7479	67	22	solution	solution	NOUN
ajeer-7479	67	23	to	to	ADP
ajeer-7479	67	24	their	their	PRON
ajeer-7479	67	25	financial	financial	ADJ
ajeer-7479	67	26	difficulties	difficulty	NOUN
ajeer-7479	67	27	.	.	PUNCT
ajeer-7479	68	1	furthermore	furthermore	ADV
ajeer-7479	68	2	,	,	PUNCT
ajeer-7479	68	3	studies	study	NOUN
ajeer-7479	68	4	support	support	VERB
ajeer-7479	68	5	the	the	DET
ajeer-7479	68	6	need	need	NOUN
ajeer-7479	68	7	to	to	PART
ajeer-7479	68	8	reduce	reduce	VERB
ajeer-7479	68	9	smes	sme	NOUN
ajeer-7479	68	10	’	'	PUNCT
ajeer-7479	68	11	reliance	reliance	NOUN
ajeer-7479	68	12	on	on	ADP
ajeer-7479	68	13	financing	finance	VERB
ajeer-7479	68	14	through	through	ADP
ajeer-7479	68	15	credit	credit	NOUN
ajeer-7479	68	16	and	and	CCONJ
ajeer-7479	68	17	bank	bank	NOUN
ajeer-7479	68	18	loans	loan	NOUN
ajeer-7479	68	19	,	,	PUNCT
ajeer-7479	68	20	particularly	particularly	ADV
ajeer-7479	68	21	in	in	ADP
ajeer-7479	68	22	times	time	NOUN
ajeer-7479	68	23	of	of	ADP
ajeer-7479	68	24	economic	economic	ADJ
ajeer-7479	68	25	shocks	shock	NOUN
ajeer-7479	68	26	such	such	ADJ
ajeer-7479	68	27	as	as	ADP
ajeer-7479	68	28	the	the	DET
ajeer-7479	68	29	2008	2008	NUM
ajeer-7479	68	30	financial	financial	ADJ
ajeer-7479	68	31	crisis	crisis	NOUN
ajeer-7479	68	32	(	(	PUNCT
ajeer-7479	68	33	mehrotra	mehrotra	PROPN
ajeer-7479	68	34	&	&	CCONJ
ajeer-7479	68	35	sergeyev	sergeyev	PROPN
ajeer-7479	68	36	,	,	PUNCT
ajeer-7479	68	37	2021	2021	NUM
ajeer-7479	68	38	)	)	PUNCT
ajeer-7479	68	39	or	or	CCONJ
ajeer-7479	68	40	the	the	DET
ajeer-7479	68	41	covid-19	covid-19	PROPN
ajeer-7479	68	42	pandemic	pandemic	ADJ
ajeer-7479	68	43	(	(	PUNCT
ajeer-7479	68	44	juergensen	juergensen	PROPN
ajeer-7479	68	45	,	,	PUNCT
ajeer-7479	68	46	guimón	guimón	PROPN
ajeer-7479	68	47	,	,	PUNCT
ajeer-7479	68	48	&	&	CCONJ
ajeer-7479	68	49	narula	narula	NOUN
ajeer-7479	68	50	,	,	PUNCT
ajeer-7479	68	51	2020	2020	NUM
ajeer-7479	68	52	)	)	PUNCT
ajeer-7479	68	53	.	.	PUNCT
ajeer-7479	69	1	this	this	DET
ajeer-7479	69	2	highlights	highlight	VERB
ajeer-7479	69	3	the	the	DET
ajeer-7479	69	4	various	various	ADJ
ajeer-7479	69	5	potential	potential	ADJ
ajeer-7479	69	6	advantages	advantage	NOUN
ajeer-7479	69	7	of	of	ADP
ajeer-7479	69	8	stock	stock	NOUN
ajeer-7479	69	9	market	market	NOUN
ajeer-7479	69	10	listing	list	VERB
ajeer-7479	69	11	for	for	ADP
ajeer-7479	69	12	enterprises	enterprise	NOUN
ajeer-7479	69	13	.	.	PUNCT
ajeer-7479	70	1	however	however	ADV
ajeer-7479	70	2	,	,	PUNCT
ajeer-7479	70	3	these	these	DET
ajeer-7479	70	4	advantages	advantage	NOUN
ajeer-7479	70	5	should	should	AUX
ajeer-7479	70	6	be	be	AUX
ajeer-7479	70	7	carefully	carefully	ADV
ajeer-7479	70	8	weighed	weigh	VERB
ajeer-7479	70	9	against	against	ADP
ajeer-7479	70	10	the	the	DET
ajeer-7479	70	11	associated	associated	ADJ
ajeer-7479	70	12	costs	cost	NOUN
ajeer-7479	70	13	and	and	CCONJ
ajeer-7479	70	14	risks	risk	NOUN
ajeer-7479	70	15	that	that	PRON
ajeer-7479	70	16	access	access	NOUN
ajeer-7479	70	17	to	to	ADP
ajeer-7479	70	18	stock	stock	NOUN
ajeer-7479	70	19	markets	market	NOUN
ajeer-7479	70	20	could	could	AUX
ajeer-7479	70	21	cause	cause	VERB
ajeer-7479	70	22	.	.	PUNCT
ajeer-7479	71	1	2.2	2.2	NUM
ajeer-7479	71	2	.	.	PUNCT
ajeer-7479	71	3	adverse	adverse	ADJ
ajeer-7479	71	4	impacts	impact	NOUN
ajeer-7479	71	5	and	and	CCONJ
ajeer-7479	71	6	risks	risk	NOUN
ajeer-7479	71	7	associated	associate	VERB
ajeer-7479	71	8	with	with	ADP
ajeer-7479	71	9	listing	list	VERB
ajeer-7479	71	10	in	in	ADP
ajeer-7479	71	11	contrast	contrast	NOUN
ajeer-7479	71	12	,	,	PUNCT
ajeer-7479	71	13	previous	previous	ADJ
ajeer-7479	71	14	studies	study	NOUN
ajeer-7479	71	15	conducted	conduct	VERB
ajeer-7479	71	16	on	on	ADP
ajeer-7479	71	17	enterprises	enterprise	NOUN
ajeer-7479	71	18	before	before	ADP
ajeer-7479	71	19	and	and	CCONJ
ajeer-7479	71	20	after	after	SCONJ
ajeer-7479	71	21	ipos	ipos	NOUN
ajeer-7479	71	22	demonstrated	demonstrate	VERB
ajeer-7479	71	23	a	a	DET
ajeer-7479	71	24	negative	negative	ADJ
ajeer-7479	71	25	correlation	correlation	NOUN
ajeer-7479	71	26	between	between	ADP
ajeer-7479	71	27	economic	economic	ADJ
ajeer-7479	71	28	performance	performance	NOUN
ajeer-7479	71	29	indicators	indicator	NOUN
ajeer-7479	71	30	and	and	CCONJ
ajeer-7479	71	31	access	access	NOUN
ajeer-7479	71	32	to	to	ADP
ajeer-7479	71	33	stock	stock	NOUN
ajeer-7479	71	34	markets	market	NOUN
ajeer-7479	71	35	,	,	PUNCT
ajeer-7479	71	36	challenging	challenge	VERB
ajeer-7479	71	37	the	the	DET
ajeer-7479	71	38	assumption	assumption	NOUN
ajeer-7479	71	39	that	that	SCONJ
ajeer-7479	71	40	enterprises	enterprise	NOUN
ajeer-7479	71	41	primarily	primarily	ADV
ajeer-7479	71	42	go	go	VERB
ajeer-7479	71	43	public	public	ADJ
ajeer-7479	71	44	to	to	PART
ajeer-7479	71	45	fund	fund	VERB
ajeer-7479	71	46	their	their	PRON
ajeer-7479	71	47	growth	growth	NOUN
ajeer-7479	71	48	and	and	CCONJ
ajeer-7479	71	49	expansion	expansion	NOUN
ajeer-7479	71	50	.	.	PUNCT
ajeer-7479	72	1	for	for	ADP
ajeer-7479	72	2	instance	instance	NOUN
ajeer-7479	72	3	,	,	PUNCT
ajeer-7479	72	4	sentis	sentis	PROPN
ajeer-7479	72	5	(	(	PUNCT
ajeer-7479	72	6	2001	2001	NUM
ajeer-7479	72	7	)	)	PUNCT
ajeer-7479	72	8	examined	examine	VERB
ajeer-7479	72	9	both	both	CCONJ
ajeer-7479	72	10	the	the	DET
ajeer-7479	72	11	operational	operational	ADJ
ajeer-7479	72	12	and	and	CCONJ
ajeer-7479	72	13	stock	stock	NOUN
ajeer-7479	72	14	market	market	NOUN
ajeer-7479	72	15	performance	performance	NOUN
ajeer-7479	72	16	of	of	ADP
ajeer-7479	72	17	enterprises	enterprise	NOUN
ajeer-7479	72	18	newly	newly	ADV
ajeer-7479	72	19	listed	list	VERB
ajeer-7479	72	20	on	on	ADP
ajeer-7479	72	21	the	the	DET
ajeer-7479	72	22	french	french	ADJ
ajeer-7479	72	23	stock	stock	NOUN
ajeer-7479	72	24	market	market	NOUN
ajeer-7479	72	25	between	between	ADP
ajeer-7479	72	26	1991	1991	NUM
ajeer-7479	72	27	and	and	CCONJ
ajeer-7479	72	28	1995	1995	NUM
ajeer-7479	72	29	;	;	PUNCT
ajeer-7479	72	30	the	the	DET
ajeer-7479	72	31	author	author	NOUN
ajeer-7479	72	32	found	find	VERB
ajeer-7479	72	33	that	that	SCONJ
ajeer-7479	72	34	in	in	ADP
ajeer-7479	72	35	the	the	DET
ajeer-7479	72	36	long	long	ADJ
ajeer-7479	72	37	run	run	NOUN
ajeer-7479	72	38	,	,	PUNCT
ajeer-7479	72	39	enterprises	enterprise	NOUN
ajeer-7479	72	40	’	'	PUNCT
ajeer-7479	72	41	ipos	ipos	NOUN
ajeer-7479	72	42	underperformed	underperform	VERB
ajeer-7479	72	43	compared	compare	VERB
ajeer-7479	72	44	to	to	ADP
ajeer-7479	72	45	the	the	DET
ajeer-7479	72	46	market	market	NOUN
ajeer-7479	72	47	benchmark	benchmark	NOUN
ajeer-7479	72	48	,	,	PUNCT
ajeer-7479	72	49	and	and	CCONJ
ajeer-7479	72	50	financial	financial	ADJ
ajeer-7479	72	51	performance	performance	NOUN
ajeer-7479	72	52	declined	decline	VERB
ajeer-7479	72	53	post	post	ADJ
ajeer-7479	72	54	-	-	NOUN
ajeer-7479	72	55	ipo	ipo	NOUN
ajeer-7479	72	56	.	.	PUNCT
ajeer-7479	73	1	additionally	additionally	ADV
ajeer-7479	73	2	,	,	PUNCT
ajeer-7479	73	3	sentis	sentis	PROPN
ajeer-7479	73	4	(	(	PUNCT
ajeer-7479	73	5	2004	2004	NUM
ajeer-7479	73	6	)	)	PUNCT
ajeer-7479	73	7	provided	provide	VERB
ajeer-7479	73	8	a	a	DET
ajeer-7479	73	9	comprehensive	comprehensive	ADJ
ajeer-7479	73	10	international	international	ADJ
ajeer-7479	73	11	perspective	perspective	NOUN
ajeer-7479	73	12	on	on	ADP
ajeer-7479	73	13	ipos	ipos	NOUN
ajeer-7479	73	14	,	,	PUNCT
ajeer-7479	73	15	combining	combine	VERB
ajeer-7479	73	16	both	both	DET
ajeer-7479	73	17	theoretical	theoretical	ADJ
ajeer-7479	73	18	frameworks	framework	NOUN
ajeer-7479	73	19	and	and	CCONJ
ajeer-7479	73	20	empirical	empirical	ADJ
ajeer-7479	73	21	evidence	evidence	NOUN
ajeer-7479	73	22	from	from	ADP
ajeer-7479	73	23	various	various	ADJ
ajeer-7479	73	24	countries	country	NOUN
ajeer-7479	73	25	,	,	PUNCT
ajeer-7479	73	26	including	include	VERB
ajeer-7479	73	27	the	the	DET
ajeer-7479	73	28	us	us	PROPN
ajeer-7479	73	29	,	,	PUNCT
ajeer-7479	73	30	france	france	PROPN
ajeer-7479	73	31	,	,	PUNCT
ajeer-7479	73	32	and	and	CCONJ
ajeer-7479	73	33	other	other	ADJ
ajeer-7479	73	34	global	global	ADJ
ajeer-7479	73	35	markets	market	NOUN
ajeer-7479	73	36	,	,	PUNCT
ajeer-7479	73	37	and	and	CCONJ
ajeer-7479	73	38	concluded	conclude	VERB
ajeer-7479	73	39	that	that	SCONJ
ajeer-7479	73	40	market	market	NOUN
ajeer-7479	73	41	timing	timing	NOUN
ajeer-7479	73	42	(	(	PUNCT
ajeer-7479	73	43	enterprises	enterprise	NOUN
ajeer-7479	73	44	often	often	ADV
ajeer-7479	73	45	go	go	VERB
ajeer-7479	73	46	public	public	ADJ
ajeer-7479	73	47	during	during	ADP
ajeer-7479	73	48	market	market	NOUN
ajeer-7479	73	49	highs	high	NOUN
ajeer-7479	73	50	)	)	PUNCT
ajeer-7479	73	51	and	and	CCONJ
ajeer-7479	73	52	underperformance	underperformance	NOUN
ajeer-7479	73	53	post	post	PROPN
ajeer-7479	73	54	-	-	ADJ
ajeer-7479	73	55	ipo	ipo	NOUN
ajeer-7479	73	56	are	be	AUX
ajeer-7479	73	57	universally	universally	ADV
ajeer-7479	73	58	observed	observe	VERB
ajeer-7479	73	59	across	across	ADP
ajeer-7479	73	60	markets	market	NOUN
ajeer-7479	73	61	in	in	ADP
ajeer-7479	73	62	the	the	DET
ajeer-7479	73	63	long	long	ADJ
ajeer-7479	73	64	run	run	NOUN
ajeer-7479	73	65	.	.	PUNCT
ajeer-7479	74	1	similarly	similarly	ADV
ajeer-7479	74	2	,	,	PUNCT
ajeer-7479	74	3	using	use	VERB
ajeer-7479	74	4	a	a	DET
ajeer-7479	74	5	panel	panel	NOUN
ajeer-7479	74	6	data	datum	NOUN
ajeer-7479	74	7	econometric	econometric	ADJ
ajeer-7479	74	8	approach	approach	NOUN
ajeer-7479	74	9	,	,	PUNCT
ajeer-7479	74	10	serve	serve	VERB
ajeer-7479	74	11	(	(	PUNCT
ajeer-7479	74	12	2007	2007	NUM
ajeer-7479	74	13	)	)	PUNCT
ajeer-7479	74	14	focused	focus	VERB
ajeer-7479	74	15	on	on	ADP
ajeer-7479	74	16	the	the	DET
ajeer-7479	74	17	economic	economic	ADJ
ajeer-7479	74	18	impact	impact	NOUN
ajeer-7479	74	19	of	of	ADP
ajeer-7479	74	20	listing	list	VERB
ajeer-7479	74	21	enterprises	enterprise	NOUN
ajeer-7479	74	22	on	on	ADP
ajeer-7479	74	23	stock	stock	NOUN
ajeer-7479	74	24	markets	market	NOUN
ajeer-7479	74	25	,	,	PUNCT
ajeer-7479	74	26	especially	especially	ADV
ajeer-7479	74	27	in	in	ADP
ajeer-7479	74	28	terms	term	NOUN
ajeer-7479	74	29	of	of	ADP
ajeer-7479	74	30	operational	operational	ADJ
ajeer-7479	74	31	and	and	CCONJ
ajeer-7479	74	32	financial	financial	ADJ
ajeer-7479	74	33	performance	performance	NOUN
ajeer-7479	74	34	;	;	PUNCT
ajeer-7479	74	35	the	the	DET
ajeer-7479	74	36	main	main	ADJ
ajeer-7479	74	37	finding	finding	NOUN
ajeer-7479	74	38	is	be	AUX
ajeer-7479	74	39	that	that	SCONJ
ajeer-7479	74	40	there	there	PRON
ajeer-7479	74	41	is	be	VERB
ajeer-7479	74	42	a	a	DET
ajeer-7479	74	43	mixed	mixed	ADJ
ajeer-7479	74	44	effect	effect	NOUN
ajeer-7479	74	45	on	on	ADP
ajeer-7479	74	46	operational	operational	ADJ
ajeer-7479	74	47	performance	performance	NOUN
ajeer-7479	74	48	;	;	PUNCT
ajeer-7479	74	49	some	some	DET
ajeer-7479	74	50	enterprises	enterprise	NOUN
ajeer-7479	74	51	experienced	experience	VERB
ajeer-7479	74	52	productivity	productivity	NOUN
ajeer-7479	74	53	gains	gain	NOUN
ajeer-7479	74	54	and	and	CCONJ
ajeer-7479	74	55	increased	increase	VERB
ajeer-7479	74	56	investment	investment	NOUN
ajeer-7479	74	57	,	,	PUNCT
ajeer-7479	74	58	while	while	SCONJ
ajeer-7479	74	59	others	other	NOUN
ajeer-7479	74	60	show	show	VERB
ajeer-7479	74	61	decreasing	decrease	VERB
ajeer-7479	74	62	profitability	profitability	NOUN
ajeer-7479	74	63	or	or	CCONJ
ajeer-7479	74	64	no	no	DET
ajeer-7479	74	65	significant	significant	ADJ
ajeer-7479	74	66	change	change	NOUN
ajeer-7479	74	67	.	.	PUNCT
ajeer-7479	75	1	brau	brau	PROPN
ajeer-7479	75	2	,	,	PUNCT
ajeer-7479	75	3	couch	couch	NOUN
ajeer-7479	75	4	,	,	PUNCT
ajeer-7479	75	5	and	and	CCONJ
ajeer-7479	75	6	sutton	sutton	PROPN
ajeer-7479	75	7	(	(	PUNCT
ajeer-7479	75	8	2012	2012	NUM
ajeer-7479	75	9	)	)	PUNCT
ajeer-7479	75	10	investigated	investigate	VERB
ajeer-7479	75	11	whether	whether	SCONJ
ajeer-7479	75	12	post	post	ADJ
ajeer-7479	75	13	-	-	ADJ
ajeer-7479	75	14	ipo	ipo	ADJ
ajeer-7479	75	15	acquisition	acquisition	NOUN
ajeer-7479	75	16	activity	activity	NOUN
ajeer-7479	75	17	is	be	AUX
ajeer-7479	75	18	a	a	DET
ajeer-7479	75	19	driver	driver	NOUN
ajeer-7479	75	20	of	of	ADP
ajeer-7479	75	21	underperformance	underperformance	NOUN
ajeer-7479	75	22	of	of	ADP
ajeer-7479	75	23	newly	newly	ADV
ajeer-7479	75	24	listed	list	VERB
ajeer-7479	75	25	firms	firm	NOUN
ajeer-7479	75	26	and	and	CCONJ
ajeer-7479	75	27	found	find	VERB
ajeer-7479	75	28	that	that	SCONJ
ajeer-7479	75	29	after	after	ADP
ajeer-7479	75	30	the	the	DET
ajeer-7479	75	31	first	first	ADJ
ajeer-7479	75	32	year	year	NOUN
ajeer-7479	75	33	post	post	PROPN
ajeer-7479	75	34	-	-	NOUN
ajeer-7479	75	35	ipo	ipo	NOUN
ajeer-7479	75	36	,	,	PUNCT
ajeer-7479	75	37	acquirers	acquirer	NOUN
ajeer-7479	75	38	’	’	PART
ajeer-7479	75	39	abnormal	abnormal	ADJ
ajeer-7479	75	40	returns	return	NOUN
ajeer-7479	75	41	were	be	AUX
ajeer-7479	75	42	notably	notably	ADV
ajeer-7479	75	43	negative	negative	ADJ
ajeer-7479	75	44	,	,	PUNCT
ajeer-7479	75	45	pointing	point	VERB
ajeer-7479	75	46	to	to	ADP
ajeer-7479	75	47	overpayment	overpayment	NOUN
ajeer-7479	75	48	or	or	CCONJ
ajeer-7479	75	49	integration	integration	NOUN
ajeer-7479	75	50	challenges	challenge	NOUN
ajeer-7479	75	51	.	.	PUNCT
ajeer-7479	76	1	wang	wang	PROPN
ajeer-7479	76	2	(	(	PUNCT
ajeer-7479	76	3	2005	2005	NUM
ajeer-7479	76	4	)	)	PUNCT
ajeer-7479	76	5	investigated	investigate	VERB
ajeer-7479	76	6	the	the	DET
ajeer-7479	76	7	role	role	NOUN
ajeer-7479	76	8	of	of	ADP
ajeer-7479	76	9	institutional	institutional	ADJ
ajeer-7479	76	10	and	and	CCONJ
ajeer-7479	76	11	ownership	ownership	NOUN
ajeer-7479	76	12	context	context	NOUN
ajeer-7479	76	13	in	in	ADP
ajeer-7479	76	14	post	post	PROPN
ajeer-7479	76	15	ipo	ipo	PROPN
ajeer-7479	76	16	success	success	NOUN
ajeer-7479	76	17	in	in	ADP
ajeer-7479	76	18	china	china	PROPN
ajeer-7479	76	19	;	;	PUNCT
ajeer-7479	76	20	his	his	PRON
ajeer-7479	76	21	findings	finding	NOUN
ajeer-7479	76	22	imply	imply	VERB
ajeer-7479	76	23	that	that	SCONJ
ajeer-7479	76	24	state	state	NOUN
ajeer-7479	76	25	ownership	ownership	NOUN
ajeer-7479	76	26	is	be	AUX
ajeer-7479	76	27	negatively	negatively	ADV
ajeer-7479	76	28	associated	associate	VERB
ajeer-7479	76	29	with	with	ADP
ajeer-7479	76	30	enterprises	enterprise	NOUN
ajeer-7479	76	31	’	'	PUNCT
ajeer-7479	76	32	performance	performance	NOUN
ajeer-7479	76	33	post	post	PROPN
ajeer-7479	76	34	ipo	ipo	PROPN
ajeer-7479	76	35	.	.	PUNCT
ajeer-7479	77	1	pagano	pagano	PROPN
ajeer-7479	77	2	,	,	PUNCT
ajeer-7479	77	3	panetta	panetta	NOUN
ajeer-7479	77	4	,	,	PUNCT
ajeer-7479	77	5	and	and	CCONJ
ajeer-7479	77	6	zingales	zingale	NOUN
ajeer-7479	77	7	(	(	PUNCT
ajeer-7479	77	8	1998	1998	NUM
ajeer-7479	77	9	)	)	PUNCT
ajeer-7479	77	10	explored	explore	VERB
ajeer-7479	77	11	the	the	DET
ajeer-7479	77	12	motivation	motivation	NOUN
ajeer-7479	77	13	behind	behind	ADP
ajeer-7479	77	14	italian	italian	ADJ
ajeer-7479	77	15	enterprises	enterprise	NOUN
ajeer-7479	77	16	'	'	PART
ajeer-7479	77	17	ipos	ipos	NOUN
ajeer-7479	77	18	and	and	CCONJ
ajeer-7479	77	19	suggested	suggest	VERB
ajeer-7479	77	20	that	that	SCONJ
ajeer-7479	77	21	enterprises	enterprise	NOUN
ajeer-7479	77	22	'	'	PART
ajeer-7479	77	23	post	post	ADJ
ajeer-7479	77	24	-	-	ADJ
ajeer-7479	77	25	ipo	ipo	ADJ
ajeer-7479	77	26	investments	investment	NOUN
ajeer-7479	77	27	do	do	AUX
ajeer-7479	77	28	n’t	not	PART
ajeer-7479	77	29	significantly	significantly	ADV
ajeer-7479	77	30	increase	increase	VERB
ajeer-7479	77	31	.	.	PUNCT
ajeer-7479	78	1	the	the	DET
ajeer-7479	78	2	motivations	motivation	NOUN
ajeer-7479	78	3	for	for	ADP
ajeer-7479	78	4	going	go	VERB
ajeer-7479	78	5	public	public	ADJ
ajeer-7479	78	6	are	be	AUX
ajeer-7479	78	7	rebalancing	rebalance	VERB
ajeer-7479	78	8	ownership	ownership	NOUN
ajeer-7479	78	9	(	(	PUNCT
ajeer-7479	78	10	ipos	ipos	PROPN
ajeer-7479	78	11	allow	allow	VERB
ajeer-7479	78	12	original	original	ADJ
ajeer-7479	78	13	owners	owner	NOUN
ajeer-7479	78	14	to	to	PART
ajeer-7479	78	15	diversify	diversify	VERB
ajeer-7479	78	16	their	their	PRON
ajeer-7479	78	17	portfolios	portfolio	NOUN
ajeer-7479	78	18	by	by	ADP
ajeer-7479	78	19	selling	sell	VERB
ajeer-7479	78	20	part	part	NOUN
ajeer-7479	78	21	of	of	ADP
ajeer-7479	78	22	their	their	PRON
ajeer-7479	78	23	shares	share	NOUN
ajeer-7479	78	24	)	)	PUNCT
ajeer-7479	78	25	,	,	PUNCT
ajeer-7479	78	26	reducing	reduce	VERB
ajeer-7479	78	27	leverage	leverage	NOUN
ajeer-7479	78	28	(	(	PUNCT
ajeer-7479	78	29	enterprises	enterprise	NOUN
ajeer-7479	78	30	use	use	VERB
ajeer-7479	78	31	ipos	ipos	NOUN
ajeer-7479	78	32	to	to	PART
ajeer-7479	78	33	pay	pay	VERB
ajeer-7479	78	34	down	down	ADP
ajeer-7479	78	35	debts	debt	NOUN
ajeer-7479	78	36	)	)	PUNCT
ajeer-7479	78	37	,	,	PUNCT
ajeer-7479	78	38	and	and	CCONJ
ajeer-7479	78	39	enhancing	enhance	VERB
ajeer-7479	78	40	market	market	NOUN
ajeer-7479	78	41	visibility	visibility	NOUN
ajeer-7479	78	42	and	and	CCONJ
ajeer-7479	78	43	prestige	prestige	NOUN
ajeer-7479	78	44	(	(	PUNCT
ajeer-7479	78	45	ipos	ipos	NOUN
ajeer-7479	78	46	improve	improve	VERB
ajeer-7479	78	47	enterprises	enterprise	NOUN
ajeer-7479	78	48	'	'	PART
ajeer-7479	78	49	reputation	reputation	NOUN
ajeer-7479	78	50	and	and	CCONJ
ajeer-7479	78	51	expand	expand	VERB
ajeer-7479	78	52	business	business	NOUN
ajeer-7479	78	53	opportunities	opportunity	NOUN
ajeer-7479	78	54	)	)	PUNCT
ajeer-7479	78	55	.	.	PUNCT
ajeer-7479	79	1	jain	jain	PROPN
ajeer-7479	79	2	and	and	CCONJ
ajeer-7479	79	3	kini	kini	PROPN
ajeer-7479	79	4	(	(	PUNCT
ajeer-7479	79	5	1995	1995	NUM
ajeer-7479	79	6	)	)	PUNCT
ajeer-7479	79	7	investigated	investigate	VERB
ajeer-7479	79	8	the	the	DET
ajeer-7479	79	9	operating	operating	NOUN
ajeer-7479	79	10	performance	performance	NOUN
ajeer-7479	79	11	of	of	ADP
ajeer-7479	79	12	enterprises	enterprise	NOUN
ajeer-7479	79	13	after	after	ADP
ajeer-7479	79	14	listing	list	VERB
ajeer-7479	79	15	,	,	PUNCT
ajeer-7479	79	16	and	and	CCONJ
ajeer-7479	79	17	in	in	ADP
ajeer-7479	79	18	line	line	NOUN
ajeer-7479	79	19	with	with	ADP
ajeer-7479	79	20	agency	agency	NOUN
ajeer-7479	79	21	theory	theory	NOUN
ajeer-7479	79	22	,	,	PUNCT
ajeer-7479	79	23	found	find	VERB
ajeer-7479	79	24	that	that	SCONJ
ajeer-7479	79	25	ownership	ownership	NOUN
ajeer-7479	79	26	becomes	become	VERB
ajeer-7479	79	27	more	more	ADV
ajeer-7479	79	28	dispersed	disperse	VERB
ajeer-7479	79	29	post	post	ADJ
ajeer-7479	79	30	-	-	NOUN
ajeer-7479	79	31	ipo	ipo	NOUN
ajeer-7479	79	32	,	,	PUNCT
ajeer-7479	79	33	agency	agency	NOUN
ajeer-7479	79	34	costs	cost	NOUN
ajeer-7479	79	35	increased	increase	VERB
ajeer-7479	79	36	significantly	significantly	ADV
ajeer-7479	79	37	,	,	PUNCT
ajeer-7479	79	38	reducing	reduce	VERB
ajeer-7479	79	39	enterprises	enterprise	NOUN
ajeer-7479	79	40	’	'	PUNCT
ajeer-7479	79	41	performance	performance	NOUN
ajeer-7479	79	42	.	.	PUNCT
ajeer-7479	80	1	in	in	ADP
ajeer-7479	80	2	parallel	parallel	NOUN
ajeer-7479	80	3	,	,	PUNCT
ajeer-7479	80	4	coakley	coakley	NOUN
ajeer-7479	80	5	,	,	PUNCT
ajeer-7479	80	6	fuertes	fuerte	NOUN
ajeer-7479	80	7	,	,	PUNCT
ajeer-7479	80	8	and	and	CCONJ
ajeer-7479	80	9	wood	wood	NOUN
ajeer-7479	80	10	(	(	PUNCT
ajeer-7479	80	11	2004	2004	NUM
ajeer-7479	80	12	)	)	PUNCT
ajeer-7479	80	13	conducted	conduct	VERB
ajeer-7479	80	14	the	the	DET
ajeer-7479	80	15	same	same	ADJ
ajeer-7479	80	16	analysis	analysis	NOUN
ajeer-7479	80	17	in	in	ADP
ajeer-7479	80	18	the	the	DET
ajeer-7479	80	19	uk	uk	PROPN
ajeer-7479	80	20	by	by	ADP
ajeer-7479	80	21	providing	provide	VERB
ajeer-7479	80	22	important	important	ADJ
ajeer-7479	80	23	insight	insight	NOUN
ajeer-7479	80	24	into	into	ADP
ajeer-7479	80	25	how	how	SCONJ
ajeer-7479	80	26	timing	timing	NOUN
ajeer-7479	80	27	and	and	CCONJ
ajeer-7479	80	28	financing	financing	NOUN
ajeer-7479	80	29	sources	source	NOUN
ajeer-7479	80	30	impact	impact	VERB
ajeer-7479	80	31	post	post	NOUN
ajeer-7479	80	32	ipo	ipo	PROPN
ajeer-7479	80	33	outcomes	outcome	NOUN
ajeer-7479	80	34	,	,	PUNCT
ajeer-7479	80	35	especially	especially	ADV
ajeer-7479	80	36	in	in	ADP
ajeer-7479	80	37	developed	develop	VERB
ajeer-7479	80	38	markets	market	NOUN
ajeer-7479	80	39	like	like	ADP
ajeer-7479	80	40	the	the	DET
ajeer-7479	80	41	uk	uk	PROPN
ajeer-7479	80	42	.	.	PROPN
ajeer-7479	80	43	analogously	analogously	PROPN
ajeer-7479	80	44	,	,	PUNCT
ajeer-7479	80	45	mikkelson	mikkelson	PROPN
ajeer-7479	80	46	,	,	PUNCT
ajeer-7479	80	47	partch	partch	NOUN
ajeer-7479	80	48	,	,	PUNCT
ajeer-7479	80	49	and	and	CCONJ
ajeer-7479	80	50	shah	shah	NOUN
ajeer-7479	80	51	(	(	PUNCT
ajeer-7479	80	52	1997	1997	NUM
ajeer-7479	80	53	)	)	PUNCT
ajeer-7479	80	54	examined	examine	VERB
ajeer-7479	80	55	the	the	DET
ajeer-7479	80	56	relationship	relationship	NOUN
ajeer-7479	80	57	between	between	ADP
ajeer-7479	80	58	structure	structure	NOUN
ajeer-7479	80	59	and	and	CCONJ
ajeer-7479	80	60	post	post	VERB
ajeer-7479	80	61	ipo	ipo	NOUN
ajeer-7479	80	62	operating	operating	NOUN
ajeer-7479	80	63	performance	performance	NOUN
ajeer-7479	80	64	of	of	ADP
ajeer-7479	80	65	us	us	PROPN
ajeer-7479	80	66	enterprises	enterprise	NOUN
ajeer-7479	80	67	and	and	CCONJ
ajeer-7479	80	68	found	find	VERB
ajeer-7479	80	69	that	that	SCONJ
ajeer-7479	80	70	smes	sme	NOUN
ajeer-7479	80	71	experienced	experience	VERB
ajeer-7479	80	72	decline	decline	NOUN
ajeer-7479	80	73	in	in	ADP
ajeer-7479	80	74	their	their	PRON
ajeer-7479	80	75	profitability	profitability	NOUN
ajeer-7479	80	76	post	post	NOUN
ajeer-7479	80	77	ipo	ipo	PROPN
ajeer-7479	80	78	.	.	PUNCT
ajeer-7479	81	1	in	in	ADP
ajeer-7479	81	2	the	the	DET
ajeer-7479	81	3	same	same	ADJ
ajeer-7479	81	4	vein	vein	NOUN
ajeer-7479	81	5	,	,	PUNCT
ajeer-7479	81	6	kutsuna	kutsuna	PROPN
ajeer-7479	81	7	,	,	PUNCT
ajeer-7479	81	8	okamura	okamura	NOUN
ajeer-7479	81	9	,	,	PUNCT
ajeer-7479	81	10	and	and	CCONJ
ajeer-7479	81	11	cowling	cowl	VERB
ajeer-7479	81	12	(	(	PUNCT
ajeer-7479	81	13	2002	2002	NUM
ajeer-7479	81	14	)	)	PUNCT
ajeer-7479	81	15	analyzed	analyze	VERB
ajeer-7479	81	16	the	the	DET
ajeer-7479	81	17	ownership	ownership	NOUN
ajeer-7479	81	18	structure	structure	NOUN
ajeer-7479	81	19	before	before	ADP
ajeer-7479	81	20	and	and	CCONJ
ajeer-7479	81	21	after	after	ADP
ajeer-7479	81	22	ipo	ipo	NOUN
ajeer-7479	81	23	and	and	CCONJ
ajeer-7479	81	24	its	its	PRON
ajeer-7479	81	25	impact	impact	NOUN
ajeer-7479	81	26	on	on	ADP
ajeer-7479	81	27	enterprises	enterprise	NOUN
ajeer-7479	81	28	’	'	PUNCT
ajeer-7479	81	29	performance	performance	NOUN
ajeer-7479	81	30	,	,	PUNCT
ajeer-7479	81	31	and	and	CCONJ
ajeer-7479	81	32	found	find	VERB
ajeer-7479	81	33	that	that	SCONJ
ajeer-7479	81	34	performance	performance	NOUN
ajeer-7479	81	35	declined	decline	VERB
ajeer-7479	81	36	with	with	ADP
ajeer-7479	81	37	high	high	ADJ
ajeer-7479	81	38	ownership	ownership	NOUN
ajeer-7479	81	39	dilution	dilution	NOUN
ajeer-7479	81	40	.	.	PUNCT
ajeer-7479	82	1	in	in	ADP
ajeer-7479	82	2	summary	summary	NOUN
ajeer-7479	82	3	,	,	PUNCT
ajeer-7479	82	4	the	the	DET
ajeer-7479	82	5	above	above	ADJ
ajeer-7479	82	6	findings	finding	NOUN
ajeer-7479	82	7	illustrate	illustrate	VERB
ajeer-7479	82	8	that	that	SCONJ
ajeer-7479	82	9	although	although	SCONJ
ajeer-7479	82	10	stock	stock	NOUN
ajeer-7479	82	11	markets	market	NOUN
ajeer-7479	82	12	offer	offer	VERB
ajeer-7479	82	13	growth	growth	NOUN
ajeer-7479	82	14	opportunities	opportunity	NOUN
ajeer-7479	82	15	,	,	PUNCT
ajeer-7479	82	16	listing	list	VERB
ajeer-7479	82	17	exposes	expose	VERB
ajeer-7479	82	18	enterprises	enterprise	NOUN
ajeer-7479	82	19	to	to	ADP
ajeer-7479	82	20	challenges	challenge	NOUN
ajeer-7479	82	21	,	,	PUNCT
ajeer-7479	82	22	and	and	CCONJ
ajeer-7479	82	23	the	the	DET
ajeer-7479	82	24	factors	factor	NOUN
ajeer-7479	82	25	behind	behind	ADP
ajeer-7479	82	26	this	this	PRON
ajeer-7479	82	27	differ	differ	VERB
ajeer-7479	82	28	from	from	ADP
ajeer-7479	82	29	one	one	NUM
ajeer-7479	82	30	market	market	NOUN
ajeer-7479	82	31	to	to	ADP
ajeer-7479	82	32	another	another	PRON
ajeer-7479	82	33	,	,	PUNCT
ajeer-7479	82	34	ranging	range	VERB
ajeer-7479	82	35	from	from	ADP
ajeer-7479	82	36	regulatory	regulatory	ADJ
ajeer-7479	82	37	costs	cost	NOUN
ajeer-7479	82	38	and	and	CCONJ
ajeer-7479	82	39	market	market	NOUN
ajeer-7479	82	40	timing	timing	NOUN
ajeer-7479	82	41	hypotheses	hypothesis	NOUN
ajeer-7479	82	42	to	to	ADP
ajeer-7479	82	43	agency	agency	NOUN
ajeer-7479	82	44	theory	theory	NOUN
ajeer-7479	82	45	and	and	CCONJ
ajeer-7479	82	46	management	management	NOUN
ajeer-7479	82	47	structure	structure	NOUN
ajeer-7479	82	48	.	.	PUNCT
ajeer-7479	83	1	notwithstanding	notwithstanding	ADP
ajeer-7479	83	2	the	the	DET
ajeer-7479	83	3	fact	fact	NOUN
ajeer-7479	83	4	that	that	SCONJ
ajeer-7479	83	5	there	there	PRON
ajeer-7479	83	6	are	be	VERB
ajeer-7479	83	7	substantial	substantial	ADJ
ajeer-7479	83	8	studies	study	NOUN
ajeer-7479	83	9	examining	examine	VERB
ajeer-7479	83	10	enterprise	enterprise	NOUN
ajeer-7479	83	11	performance	performance	NOUN
ajeer-7479	83	12	before	before	ADV
ajeer-7479	83	13	and	and	CCONJ
ajeer-7479	83	14	after	after	ADP
ajeer-7479	83	15	going	go	VERB
ajeer-7479	83	16	public	public	ADJ
ajeer-7479	83	17	,	,	PUNCT
ajeer-7479	83	18	recent	recent	ADJ
ajeer-7479	83	19	studies	study	NOUN
ajeer-7479	83	20	focusing	focus	VERB
ajeer-7479	83	21	on	on	ADP
ajeer-7479	83	22	eu	eu	PROPN
ajeer-7479	83	23	smes	sme	NOUN
ajeer-7479	83	24	remain	remain	VERB
ajeer-7479	83	25	limited	limited	ADJ
ajeer-7479	83	26	.	.	PUNCT
ajeer-7479	84	1	therefore	therefore	ADV
ajeer-7479	84	2	,	,	PUNCT
ajeer-7479	84	3	this	this	DET
ajeer-7479	84	4	paper	paper	NOUN
ajeer-7479	84	5	explores	explore	VERB
ajeer-7479	84	6	how	how	SCONJ
ajeer-7479	84	7	access	access	NOUN
ajeer-7479	84	8	to	to	ADP
ajeer-7479	84	9	the	the	DET
ajeer-7479	84	10	unregulated	unregulated	ADJ
ajeer-7479	84	11	stock	stock	NOUN
ajeer-7479	84	12	market	market	NOUN
ajeer-7479	84	13	affects	affect	VERB
ajeer-7479	84	14	eu	eu	PROPN
ajeer-7479	84	15	smes	sme	NOUN
ajeer-7479	84	16	by	by	ADP
ajeer-7479	84	17	comparing	compare	VERB
ajeer-7479	84	18	the	the	DET
ajeer-7479	84	19	financial	financial	ADJ
ajeer-7479	84	20	performance	performance	NOUN
ajeer-7479	84	21	of	of	ADP
ajeer-7479	84	22	listed	list	VERB
ajeer-7479	84	23	smes	sme	NOUN
ajeer-7479	84	24	versus	versus	ADP
ajeer-7479	84	25	similar	similar	ADJ
ajeer-7479	84	26	unlisted	unlisted	ADJ
ajeer-7479	84	27	counterparts	counterpart	NOUN
ajeer-7479	84	28	over	over	ADP
ajeer-7479	84	29	10	10	NUM
ajeer-7479	84	30	years	year	NOUN
ajeer-7479	84	31	(	(	PUNCT
ajeer-7479	84	32	2014	2014	NUM
ajeer-7479	84	33	to	to	ADP
ajeer-7479	84	34	2023	2023	NUM
ajeer-7479	84	35	)	)	PUNCT
ajeer-7479	84	36	.	.	PUNCT
ajeer-7479	85	1	based	base	VERB
ajeer-7479	85	2	on	on	ADP
ajeer-7479	85	3	the	the	DET
ajeer-7479	85	4	findings	finding	NOUN
ajeer-7479	85	5	,	,	PUNCT
ajeer-7479	85	6	a	a	DET
ajeer-7479	85	7	comparative	comparative	ADJ
ajeer-7479	85	8	discussion	discussion	NOUN
ajeer-7479	85	9	with	with	ADP
ajeer-7479	85	10	existing	exist	VERB
ajeer-7479	85	11	literature	literature	NOUN
ajeer-7479	85	12	is	be	AUX
ajeer-7479	85	13	carried	carry	VERB
ajeer-7479	85	14	out	out	ADP
ajeer-7479	85	15	.	.	PUNCT
ajeer-7479	86	1	3	3	X
ajeer-7479	86	2	.	.	X
ajeer-7479	86	3	data	datum	NOUN
ajeer-7479	86	4	and	and	CCONJ
ajeer-7479	86	5	methodology	methodology	NOUN
ajeer-7479	86	6	to	to	PART
ajeer-7479	86	7	conduct	conduct	VERB
ajeer-7479	86	8	our	our	PRON
ajeer-7479	86	9	analysis	analysis	NOUN
ajeer-7479	86	10	,	,	PUNCT
ajeer-7479	86	11	we	we	PRON
ajeer-7479	86	12	collected	collect	VERB
ajeer-7479	86	13	yearly	yearly	ADJ
ajeer-7479	86	14	key	key	ADJ
ajeer-7479	86	15	financial	financial	ADJ
ajeer-7479	86	16	data	datum	NOUN
ajeer-7479	86	17	on	on	ADP
ajeer-7479	86	18	listed	list	VERB
ajeer-7479	86	19	and	and	CCONJ
ajeer-7479	86	20	unlisted	unliste	VERB
ajeer-7479	86	21	european	european	ADJ
ajeer-7479	86	22	smes	sme	NOUN
ajeer-7479	86	23	for	for	ADP
ajeer-7479	86	24	a	a	DET
ajeer-7479	86	25	period	period	NOUN
ajeer-7479	86	26	of	of	ADP
ajeer-7479	86	27	10	10	NUM
ajeer-7479	86	28	years	year	NOUN
ajeer-7479	86	29	from	from	ADP
ajeer-7479	86	30	2014	2014	NUM
ajeer-7479	86	31	to	to	ADP
ajeer-7479	86	32	2023	2023	NUM
ajeer-7479	86	33	from	from	ADP
ajeer-7479	86	34	the	the	DET
ajeer-7479	86	35	orbis	orbis	PROPN
ajeer-7479	86	36	bureau	bureau	NOUN
ajeer-7479	86	37	van	van	PROPN
ajeer-7479	86	38	dijk	dijk	PROPN
ajeer-7479	86	39	database	database	NOUN
ajeer-7479	86	40	on	on	ADP
ajeer-7479	86	41	18/04/2025	18/04/2025	NUM
ajeer-7479	86	42	.	.	PUNCT
ajeer-7479	87	1	we	we	PRON
ajeer-7479	87	2	took	take	VERB
ajeer-7479	87	3	the	the	DET
ajeer-7479	87	4	following	follow	VERB
ajeer-7479	87	5	search	search	NOUN
ajeer-7479	87	6	steps	step	NOUN
ajeer-7479	87	7	in	in	ADP
ajeer-7479	87	8	our	our	PRON
ajeer-7479	87	9	selection	selection	NOUN
ajeer-7479	87	10	:	:	PUNCT
ajeer-7479	87	11	1	1	X
ajeer-7479	87	12	.	.	X
ajeer-7479	87	13	status	status	NOUN
ajeer-7479	87	14	:	:	PUNCT
ajeer-7479	87	15	active	active	ADJ
ajeer-7479	87	16	companies	company	NOUN
ajeer-7479	87	17	(	(	PUNCT
ajeer-7479	87	18	search	search	NOUN
ajeer-7479	87	19	result	result	NOUN
ajeer-7479	87	20	431,648,873	431,648,873	NUM
ajeer-7479	87	21	enterprises	enterprise	NOUN
ajeer-7479	87	22	)	)	PUNCT
ajeer-7479	87	23	.	.	PUNCT
ajeer-7479	88	1	asian	asian	ADJ
ajeer-7479	88	2	journal	journal	PROPN
ajeer-7479	88	3	of	of	ADP
ajeer-7479	88	4	economics	economic	NOUN
ajeer-7479	88	5	and	and	CCONJ
ajeer-7479	88	6	empirical	empirical	ADJ
ajeer-7479	88	7	research	research	NOUN
ajeer-7479	88	8	,	,	PUNCT
ajeer-7479	88	9	2025	2025	NUM
ajeer-7479	88	10	,	,	PUNCT
ajeer-7479	88	11	12(2	12(2	NUM
ajeer-7479	88	12	):	):	PUNCT
ajeer-7479	88	13	113	113	NUM
ajeer-7479	88	14	-	-	SYM
ajeer-7479	88	15	123	123	NUM
ajeer-7479	88	16	116	116	NUM
ajeer-7479	88	17	©	©	PROPN
ajeer-7479	88	18	2025	2025	NUM
ajeer-7479	88	19	by	by	ADP
ajeer-7479	88	20	the	the	DET
ajeer-7479	88	21	authors	author	NOUN
ajeer-7479	88	22	;	;	PUNCT
ajeer-7479	88	23	licensee	licensee	PROPN
ajeer-7479	88	24	asian	asian	ADJ
ajeer-7479	88	25	online	online	PROPN
ajeer-7479	88	26	journal	journal	PROPN
ajeer-7479	88	27	publishing	publishing	NOUN
ajeer-7479	88	28	group	group	NOUN
ajeer-7479	88	29	2	2	NUM
ajeer-7479	88	30	.	.	NOUN
ajeer-7479	88	31	size	size	NOUN
ajeer-7479	88	32	classification	classification	NOUN
ajeer-7479	88	33	:	:	PUNCT
ajeer-7479	88	34	small	small	ADJ
ajeer-7479	88	35	and	and	CCONJ
ajeer-7479	88	36	medium	medium	ADJ
ajeer-7479	88	37	enterprises	enterprise	NOUN
ajeer-7479	88	38	(	(	PUNCT
ajeer-7479	88	39	search	search	NOUN
ajeer-7479	88	40	results	result	NOUN
ajeer-7479	88	41	:	:	PUNCT
ajeer-7479	88	42	428,116,263	428,116,263	NUM
ajeer-7479	88	43	enterprises	enterprise	NOUN
ajeer-7479	88	44	)	)	PUNCT
ajeer-7479	88	45	.	.	PUNCT
ajeer-7479	89	1	it	it	PRON
ajeer-7479	89	2	is	be	AUX
ajeer-7479	89	3	worth	worth	ADJ
ajeer-7479	89	4	highlighting	highlight	VERB
ajeer-7479	89	5	that	that	SCONJ
ajeer-7479	89	6	enterprises	enterprise	NOUN
ajeer-7479	89	7	on	on	ADP
ajeer-7479	89	8	orbis	orbis	PROPN
ajeer-7479	89	9	are	be	AUX
ajeer-7479	89	10	considered	consider	VERB
ajeer-7479	89	11	to	to	PART
ajeer-7479	89	12	be	be	AUX
ajeer-7479	89	13	smes	sme	NOUN
ajeer-7479	89	14	when	when	SCONJ
ajeer-7479	89	15	they	they	PRON
ajeer-7479	89	16	meet	meet	VERB
ajeer-7479	89	17	the	the	DET
ajeer-7479	89	18	following	following	ADJ
ajeer-7479	89	19	conditions	condition	NOUN
ajeer-7479	89	20	:	:	PUNCT
ajeer-7479	89	21	operating	operate	VERB
ajeer-7479	89	22	revenue	revenue	NOUN
ajeer-7479	89	23	less	less	ADJ
ajeer-7479	89	24	than	than	ADP
ajeer-7479	89	25	10	10	NUM
ajeer-7479	89	26	million	million	NUM
ajeer-7479	89	27	eur	eur	NOUN
ajeer-7479	89	28	;	;	PUNCT
ajeer-7479	89	29	total	total	ADJ
ajeer-7479	89	30	assets	asset	NOUN
ajeer-7479	89	31	less	less	ADJ
ajeer-7479	89	32	than	than	ADP
ajeer-7479	89	33	20	20	NUM
ajeer-7479	89	34	million	million	NUM
ajeer-7479	89	35	eur	eur	NOUN
ajeer-7479	89	36	;	;	PUNCT
ajeer-7479	89	37	or	or	CCONJ
ajeer-7479	89	38	fewer	few	ADJ
ajeer-7479	89	39	than	than	ADP
ajeer-7479	89	40	150	150	NUM
ajeer-7479	89	41	employees	employee	NOUN
ajeer-7479	89	42	.	.	PUNCT
ajeer-7479	90	1	3	3	X
ajeer-7479	90	2	.	.	X
ajeer-7479	90	3	world	world	NOUN
ajeer-7479	90	4	region	region	NOUN
ajeer-7479	90	5	:	:	PUNCT
ajeer-7479	90	6	european	european	PROPN
ajeer-7479	90	7	union	union	PROPN
ajeer-7479	91	1	[	[	X
ajeer-7479	91	2	27	27	NUM
ajeer-7479	91	3	]	]	PUNCT
ajeer-7479	91	4	(	(	PUNCT
ajeer-7479	91	5	search	search	NOUN
ajeer-7479	91	6	results	result	NOUN
ajeer-7479	91	7	:	:	PUNCT
ajeer-7479	91	8	58,633,866	58,633,866	NUM
ajeer-7479	91	9	enterprises	enterprise	NOUN
ajeer-7479	91	10	)	)	PUNCT
ajeer-7479	91	11	.	.	PUNCT
ajeer-7479	92	1	4	4	X
ajeer-7479	92	2	.	.	X
ajeer-7479	93	1	all	all	DET
ajeer-7479	93	2	companies	company	NOUN
ajeer-7479	93	3	scored	score	VERB
ajeer-7479	93	4	by	by	ADP
ajeer-7479	93	5	moody	moody	PROPN
ajeer-7479	93	6	's	's	PART
ajeer-7479	93	7	analytics	analytic	NOUN
ajeer-7479	93	8	pulse	pulse	NOUN
ajeer-7479	93	9	(	(	PUNCT
ajeer-7479	93	10	search	search	NOUN
ajeer-7479	93	11	results	result	NOUN
ajeer-7479	93	12	:	:	PUNCT
ajeer-7479	93	13	47,642	47,642	NUM
ajeer-7479	93	14	enterprises	enterprise	NOUN
ajeer-7479	93	15	)	)	PUNCT
ajeer-7479	93	16	.	.	PUNCT
ajeer-7479	94	1	5	5	X
ajeer-7479	94	2	.	.	NUM
ajeer-7479	94	3	unlisted	unlisted	ADJ
ajeer-7479	94	4	companies	company	NOUN
ajeer-7479	94	5	(	(	PUNCT
ajeer-7479	94	6	search	search	NOUN
ajeer-7479	94	7	results	result	VERB
ajeer-7479	94	8	47,642	47,642	NUM
ajeer-7479	94	9	enterprises	enterprise	NOUN
ajeer-7479	94	10	)	)	PUNCT
ajeer-7479	94	11	.	.	PUNCT
ajeer-7479	95	1	6	6	X
ajeer-7479	95	2	.	.	X
ajeer-7479	95	3	publicly	publicly	ADV
ajeer-7479	95	4	listed	list	VERB
ajeer-7479	95	5	companies	company	NOUN
ajeer-7479	95	6	(	(	PUNCT
ajeer-7479	95	7	search	search	NOUN
ajeer-7479	95	8	results	result	NOUN
ajeer-7479	95	9	:	:	PUNCT
ajeer-7479	95	10	20	20	NUM
ajeer-7479	95	11	enterprises	enterprise	NOUN
ajeer-7479	95	12	)	)	PUNCT
ajeer-7479	95	13	.	.	PUNCT
ajeer-7479	96	1	to	to	PART
ajeer-7479	96	2	ensure	ensure	VERB
ajeer-7479	96	3	comparability	comparability	NOUN
ajeer-7479	96	4	,	,	PUNCT
ajeer-7479	96	5	20	20	NUM
ajeer-7479	96	6	listed	list	VERB
ajeer-7479	96	7	smes	sme	NOUN
ajeer-7479	96	8	were	be	AUX
ajeer-7479	96	9	paired	pair	VERB
ajeer-7479	96	10	with	with	ADP
ajeer-7479	96	11	20	20	NUM
ajeer-7479	96	12	unlisted	unlisted	ADJ
ajeer-7479	96	13	counterparts	counterpart	NOUN
ajeer-7479	96	14	of	of	ADP
ajeer-7479	96	15	similar	similar	ADJ
ajeer-7479	96	16	size	size	NOUN
ajeer-7479	96	17	,	,	PUNCT
ajeer-7479	96	18	selected	select	VERB
ajeer-7479	96	19	at	at	ADP
ajeer-7479	96	20	random	random	ADJ
ajeer-7479	96	21	.	.	PUNCT
ajeer-7479	97	1	the	the	DET
ajeer-7479	97	2	financial	financial	ADJ
ajeer-7479	97	3	performance	performance	NOUN
ajeer-7479	97	4	of	of	ADP
ajeer-7479	97	5	selected	select	VERB
ajeer-7479	97	6	smes	sme	NOUN
ajeer-7479	97	7	is	be	AUX
ajeer-7479	97	8	measured	measure	VERB
ajeer-7479	97	9	using	use	VERB
ajeer-7479	97	10	solvency	solvency	NOUN
ajeer-7479	97	11	,	,	PUNCT
ajeer-7479	97	12	liquidity	liquidity	NOUN
ajeer-7479	97	13	,	,	PUNCT
ajeer-7479	97	14	profit	profit	NOUN
ajeer-7479	97	15	margin	margin	NOUN
ajeer-7479	97	16	,	,	PUNCT
ajeer-7479	97	17	roa	roa	PROPN
ajeer-7479	97	18	,	,	PUNCT
ajeer-7479	97	19	and	and	CCONJ
ajeer-7479	97	20	roe	roe	NOUN
ajeer-7479	97	21	.	.	PUNCT
ajeer-7479	98	1	although	although	SCONJ
ajeer-7479	98	2	the	the	DET
ajeer-7479	98	3	sample	sample	NOUN
ajeer-7479	98	4	size	size	NOUN
ajeer-7479	98	5	was	be	AUX
ajeer-7479	98	6	constrained	constrain	VERB
ajeer-7479	98	7	to	to	ADP
ajeer-7479	98	8	a	a	DET
ajeer-7479	98	9	total	total	NOUN
ajeer-7479	98	10	of	of	ADP
ajeer-7479	98	11	20	20	NUM
ajeer-7479	98	12	listed	list	VERB
ajeer-7479	98	13	smes	sme	NOUN
ajeer-7479	98	14	,	,	PUNCT
ajeer-7479	98	15	the	the	DET
ajeer-7479	98	16	decision	decision	NOUN
ajeer-7479	98	17	to	to	PART
ajeer-7479	98	18	use	use	VERB
ajeer-7479	98	19	an	an	DET
ajeer-7479	98	20	equal	equal	ADJ
ajeer-7479	98	21	size	size	NOUN
ajeer-7479	98	22	from	from	ADP
ajeer-7479	98	23	unlisted	unliste	VERB
ajeer-7479	98	24	smes	sme	NOUN
ajeer-7479	98	25	enhances	enhance	VERB
ajeer-7479	98	26	comparability	comparability	NOUN
ajeer-7479	98	27	and	and	CCONJ
ajeer-7479	98	28	reduces	reduce	VERB
ajeer-7479	98	29	sampling	sample	VERB
ajeer-7479	98	30	bias	bias	NOUN
ajeer-7479	98	31	.	.	PUNCT
ajeer-7479	99	1	even	even	ADV
ajeer-7479	99	2	though	though	SCONJ
ajeer-7479	99	3	the	the	DET
ajeer-7479	99	4	sample	sample	NOUN
ajeer-7479	99	5	size	size	NOUN
ajeer-7479	99	6	may	may	AUX
ajeer-7479	99	7	be	be	AUX
ajeer-7479	99	8	considered	consider	VERB
ajeer-7479	99	9	modest	modest	ADJ
ajeer-7479	99	10	,	,	PUNCT
ajeer-7479	99	11	it	it	PRON
ajeer-7479	99	12	is	be	AUX
ajeer-7479	99	13	methodologically	methodologically	ADV
ajeer-7479	99	14	adequate	adequate	ADJ
ajeer-7479	99	15	for	for	ADP
ajeer-7479	99	16	conducting	conduct	VERB
ajeer-7479	99	17	unpaired	unpaired	ADJ
ajeer-7479	99	18	t	t	NOUN
ajeer-7479	99	19	-	-	PUNCT
ajeer-7479	99	20	tests	test	NOUN
ajeer-7479	99	21	under	under	ADP
ajeer-7479	99	22	the	the	DET
ajeer-7479	99	23	assumptions	assumption	NOUN
ajeer-7479	99	24	of	of	ADP
ajeer-7479	99	25	normality	normality	NOUN
ajeer-7479	99	26	and	and	CCONJ
ajeer-7479	99	27	homogeneity	homogeneity	NOUN
ajeer-7479	99	28	of	of	ADP
ajeer-7479	99	29	variances	variance	NOUN
ajeer-7479	99	30	.	.	PUNCT
ajeer-7479	100	1	these	these	DET
ajeer-7479	100	2	assumptions	assumption	NOUN
ajeer-7479	100	3	were	be	AUX
ajeer-7479	100	4	verified	verify	VERB
ajeer-7479	100	5	through	through	ADP
ajeer-7479	100	6	diagnostics	diagnostic	NOUN
ajeer-7479	100	7	such	such	ADJ
ajeer-7479	100	8	as	as	ADP
ajeer-7479	100	9	the	the	DET
ajeer-7479	100	10	shapiro	shapiro	PROPN
ajeer-7479	100	11	–	–	PUNCT
ajeer-7479	100	12	wilk	wilk	NOUN
ajeer-7479	100	13	test	test	NOUN
ajeer-7479	100	14	and	and	CCONJ
ajeer-7479	100	15	q	q	NOUN
ajeer-7479	100	16	-	-	PUNCT
ajeer-7479	100	17	q	q	NOUN
ajeer-7479	100	18	plots	plot	NOUN
ajeer-7479	100	19	.	.	PUNCT
ajeer-7479	101	1	to	to	PART
ajeer-7479	101	2	mitigate	mitigate	VERB
ajeer-7479	101	3	limitations	limitation	NOUN
ajeer-7479	101	4	associated	associate	VERB
ajeer-7479	101	5	with	with	ADP
ajeer-7479	101	6	the	the	DET
ajeer-7479	101	7	sample	sample	NOUN
ajeer-7479	101	8	size	size	NOUN
ajeer-7479	101	9	,	,	PUNCT
ajeer-7479	101	10	effect	effect	NOUN
ajeer-7479	101	11	sizes	size	NOUN
ajeer-7479	101	12	and	and	CCONJ
ajeer-7479	101	13	95	95	NUM
ajeer-7479	101	14	%	%	NOUN
ajeer-7479	101	15	confidence	confidence	NOUN
ajeer-7479	101	16	intervals	interval	NOUN
ajeer-7479	101	17	are	be	AUX
ajeer-7479	101	18	reported	report	VERB
ajeer-7479	101	19	alongside	alongside	ADP
ajeer-7479	101	20	p	p	NOUN
ajeer-7479	101	21	-	-	PUNCT
ajeer-7479	101	22	values	value	NOUN
ajeer-7479	101	23	.	.	PUNCT
ajeer-7479	102	1	table	table	NOUN
ajeer-7479	102	2	1	1	NUM
ajeer-7479	102	3	.	.	PUNCT
ajeer-7479	102	4	financial	financial	ADJ
ajeer-7479	102	5	performance	performance	NOUN
ajeer-7479	102	6	metrics	metric	NOUN
ajeer-7479	102	7	.	.	PUNCT
ajeer-7479	103	1	definition	definition	NOUN
ajeer-7479	103	2	formula	formula	NOUN
ajeer-7479	103	3	liquidity	liquidity	NOUN
ajeer-7479	103	4	this	this	PRON
ajeer-7479	103	5	is	be	AUX
ajeer-7479	103	6	a	a	DET
ajeer-7479	103	7	financial	financial	ADJ
ajeer-7479	103	8	metric	metric	NOUN
ajeer-7479	103	9	that	that	PRON
ajeer-7479	103	10	measures	measure	VERB
ajeer-7479	103	11	an	an	DET
ajeer-7479	103	12	enterprise	enterprise	NOUN
ajeer-7479	103	13	’s	’s	PART
ajeer-7479	103	14	ability	ability	NOUN
ajeer-7479	103	15	to	to	PART
ajeer-7479	103	16	meet	meet	VERB
ajeer-7479	103	17	its	its	PRON
ajeer-7479	103	18	short	short	ADJ
ajeer-7479	103	19	-	-	PUNCT
ajeer-7479	103	20	term	term	NOUN
ajeer-7479	103	21	financial	financial	ADJ
ajeer-7479	103	22	obligations	obligation	NOUN
ajeer-7479	103	23	.	.	PUNCT
ajeer-7479	104	1	𝐶𝑢𝑟𝑟𝑒𝑛𝑡	𝐶𝑢𝑟𝑟𝑒𝑛𝑡	ADJ
ajeer-7479	104	2	𝐴𝑠𝑠𝑒𝑡𝑠	𝐴𝑠𝑠𝑒𝑡𝑠	PROPN
ajeer-7479	104	3	𝐶𝑢𝑟𝑟𝑒𝑛𝑡	𝐶𝑢𝑟𝑟𝑒𝑛𝑡	PROPN
ajeer-7479	104	4	𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠	𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠	PROPN
ajeer-7479	104	5	solvability	solvability	NOUN
ajeer-7479	104	6	this	this	PRON
ajeer-7479	104	7	is	be	AUX
ajeer-7479	104	8	a	a	DET
ajeer-7479	104	9	financial	financial	ADJ
ajeer-7479	104	10	metric	metric	NOUN
ajeer-7479	104	11	that	that	PRON
ajeer-7479	104	12	measures	measure	VERB
ajeer-7479	104	13	an	an	DET
ajeer-7479	104	14	enterprise	enterprise	NOUN
ajeer-7479	104	15	’s	’s	PART
ajeer-7479	104	16	ability	ability	NOUN
ajeer-7479	104	17	to	to	PART
ajeer-7479	104	18	meet	meet	VERB
ajeer-7479	104	19	its	its	PRON
ajeer-7479	104	20	long	long	ADJ
ajeer-7479	104	21	-	-	PUNCT
ajeer-7479	104	22	term	term	NOUN
ajeer-7479	104	23	financial	financial	ADJ
ajeer-7479	104	24	obligations	obligation	NOUN
ajeer-7479	104	25	.	.	PUNCT
ajeer-7479	105	1	𝑇𝑜𝑡𝑎𝑙	𝑇𝑜𝑡𝑎𝑙	ADJ
ajeer-7479	105	2	𝐴𝑠𝑠𝑒𝑡𝑠	𝐴𝑠𝑠𝑒𝑡𝑠	PROPN
ajeer-7479	105	3	𝑇𝑜𝑡𝑎𝑙	𝑇𝑜𝑡𝑎𝑙	PROPN
ajeer-7479	105	4	𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠	𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠	PROPN
ajeer-7479	105	5	profit	profit	NOUN
ajeer-7479	105	6	margin	margin	NOUN
ajeer-7479	105	7	this	this	PRON
ajeer-7479	105	8	is	be	AUX
ajeer-7479	105	9	a	a	DET
ajeer-7479	105	10	financial	financial	ADJ
ajeer-7479	105	11	metric	metric	NOUN
ajeer-7479	105	12	that	that	PRON
ajeer-7479	105	13	measures	measure	VERB
ajeer-7479	105	14	an	an	DET
ajeer-7479	105	15	enterprise	enterprise	NOUN
ajeer-7479	105	16	’s	’s	PART
ajeer-7479	105	17	profitability	profitability	NOUN
ajeer-7479	105	18	as	as	ADP
ajeer-7479	105	19	a	a	DET
ajeer-7479	105	20	percentage	percentage	NOUN
ajeer-7479	105	21	of	of	ADP
ajeer-7479	105	22	its	its	PRON
ajeer-7479	105	23	revenue	revenue	NOUN
ajeer-7479	105	24	.	.	PUNCT
ajeer-7479	106	1	%	%	INTJ
ajeer-7479	107	1	𝑁𝑒𝑡	𝑁𝑒𝑡	PROPN
ajeer-7479	107	2	𝐼𝑛𝑐𝑜𝑚𝑒	𝐼𝑛𝑐𝑜𝑚𝑒	PROPN
ajeer-7479	107	3	𝑅𝑒𝑣𝑒𝑛𝑢𝑒	𝑅𝑒𝑣𝑒𝑛𝑢𝑒	PROPN
ajeer-7479	107	4	return	return	VERB
ajeer-7479	107	5	on	on	ADP
ajeer-7479	107	6	assets	asset	NOUN
ajeer-7479	107	7	this	this	PRON
ajeer-7479	107	8	is	be	AUX
ajeer-7479	107	9	a	a	DET
ajeer-7479	107	10	financial	financial	ADJ
ajeer-7479	107	11	metric	metric	NOUN
ajeer-7479	107	12	that	that	PRON
ajeer-7479	107	13	measures	measure	VERB
ajeer-7479	107	14	an	an	DET
ajeer-7479	107	15	enterprise	enterprise	NOUN
ajeer-7479	107	16	’s	’s	PART
ajeer-7479	107	17	ability	ability	NOUN
ajeer-7479	107	18	to	to	PART
ajeer-7479	107	19	use	use	VERB
ajeer-7479	107	20	its	its	PRON
ajeer-7479	107	21	assets	asset	NOUN
ajeer-7479	107	22	to	to	PART
ajeer-7479	107	23	generate	generate	VERB
ajeer-7479	107	24	profit	profit	NOUN
ajeer-7479	107	25	.	.	PUNCT
ajeer-7479	108	1	𝑁𝑒𝑡	𝑁𝑒𝑡	PROPN
ajeer-7479	108	2	𝐼𝑛𝑐𝑜𝑚𝑒	𝐼𝑛𝑐𝑜𝑚𝑒	PROPN
ajeer-7479	108	3	𝑇𝑜𝑡𝑎𝑙	𝑇𝑜𝑡𝑎𝑙	PROPN
ajeer-7479	108	4	𝐴𝑠𝑠𝑒𝑡𝑠	𝐴𝑠𝑠𝑒𝑡𝑠	PROPN
ajeer-7479	108	5	return	return	VERB
ajeer-7479	108	6	on	on	ADP
ajeer-7479	108	7	equity	equity	NOUN
ajeer-7479	108	8	this	this	PRON
ajeer-7479	108	9	is	be	AUX
ajeer-7479	108	10	a	a	DET
ajeer-7479	108	11	financial	financial	ADJ
ajeer-7479	108	12	metric	metric	NOUN
ajeer-7479	108	13	that	that	PRON
ajeer-7479	108	14	measures	measure	VERB
ajeer-7479	108	15	an	an	DET
ajeer-7479	108	16	enterprise	enterprise	NOUN
ajeer-7479	108	17	’s	’s	PART
ajeer-7479	108	18	ability	ability	NOUN
ajeer-7479	108	19	to	to	PART
ajeer-7479	108	20	use	use	VERB
ajeer-7479	108	21	its	its	PRON
ajeer-7479	108	22	equity	equity	NOUN
ajeer-7479	108	23	to	to	PART
ajeer-7479	108	24	generate	generate	VERB
ajeer-7479	108	25	profit	profit	NOUN
ajeer-7479	108	26	.	.	PUNCT
ajeer-7479	109	1	𝑁𝑒𝑡	𝑁𝑒𝑡	PROPN
ajeer-7479	109	2	𝐼𝑛𝑐𝑜𝑚𝑒	𝐼𝑛𝑐𝑜𝑚𝑒	PROPN
ajeer-7479	109	3	𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠′𝐸𝑞𝑢𝑖𝑡𝑦	𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠′𝐸𝑞𝑢𝑖𝑡𝑦	NOUN
ajeer-7479	109	4	table	table	NOUN
ajeer-7479	109	5	1	1	NUM
ajeer-7479	109	6	presents	present	VERB
ajeer-7479	109	7	the	the	DET
ajeer-7479	109	8	financial	financial	ADJ
ajeer-7479	109	9	metrics	metric	NOUN
ajeer-7479	109	10	used	use	VERB
ajeer-7479	109	11	in	in	ADP
ajeer-7479	109	12	our	our	PRON
ajeer-7479	109	13	comparative	comparative	ADJ
ajeer-7479	109	14	analysis	analysis	NOUN
ajeer-7479	109	15	along	along	ADP
ajeer-7479	109	16	with	with	ADP
ajeer-7479	109	17	their	their	PRON
ajeer-7479	109	18	definition	definition	NOUN
ajeer-7479	109	19	and	and	CCONJ
ajeer-7479	109	20	formula	formula	NOUN
ajeer-7479	109	21	.	.	PUNCT
ajeer-7479	110	1	the	the	DET
ajeer-7479	110	2	unpaired	unpaired	ADJ
ajeer-7479	110	3	student	student	NOUN
ajeer-7479	110	4	t	t	PROPN
ajeer-7479	110	5	-	-	PUNCT
ajeer-7479	110	6	test	test	NOUN
ajeer-7479	110	7	is	be	AUX
ajeer-7479	110	8	used	use	VERB
ajeer-7479	110	9	to	to	PART
ajeer-7479	110	10	test	test	VERB
ajeer-7479	110	11	our	our	PRON
ajeer-7479	110	12	main	main	ADJ
ajeer-7479	110	13	hypothesis	hypothesis	NOUN
ajeer-7479	110	14	by	by	ADP
ajeer-7479	110	15	determining	determine	VERB
ajeer-7479	110	16	whether	whether	SCONJ
ajeer-7479	110	17	there	there	PRON
ajeer-7479	110	18	is	be	VERB
ajeer-7479	110	19	a	a	DET
ajeer-7479	110	20	statistical	statistical	ADJ
ajeer-7479	110	21	difference	difference	NOUN
ajeer-7479	110	22	in	in	ADP
ajeer-7479	110	23	listed	list	VERB
ajeer-7479	110	24	and	and	CCONJ
ajeer-7479	110	25	unlisted	unlisted	ADJ
ajeer-7479	110	26	smes	sme	NOUN
ajeer-7479	110	27	’	'	PUNCT
ajeer-7479	110	28	financial	financial	ADJ
ajeer-7479	110	29	performance	performance	NOUN
ajeer-7479	110	30	indicators	indicator	NOUN
ajeer-7479	110	31	.	.	PUNCT
ajeer-7479	111	1	we	we	PRON
ajeer-7479	111	2	used	use	VERB
ajeer-7479	111	3	excel	excel	VERB
ajeer-7479	111	4	to	to	PART
ajeer-7479	111	5	calculate	calculate	VERB
ajeer-7479	111	6	the	the	DET
ajeer-7479	111	7	financial	financial	ADJ
ajeer-7479	111	8	ratios	ratio	NOUN
ajeer-7479	111	9	and	and	CCONJ
ajeer-7479	111	10	rstudio	rstudio	NOUN
ajeer-7479	111	11	to	to	PART
ajeer-7479	111	12	analyze	analyze	VERB
ajeer-7479	111	13	the	the	DET
ajeer-7479	111	14	data	datum	NOUN
ajeer-7479	111	15	.	.	PUNCT
ajeer-7479	112	1	𝑡	𝑡	PROPN
ajeer-7479	112	2	=	=	PROPN
ajeer-7479	112	3	𝑥1̅̅̅̅	𝑥1̅̅̅̅	PROPN
ajeer-7479	112	4	−𝑥2̅̅̅̅	−𝑥2̅̅̅̅	PROPN
ajeer-7479	112	5	√	√	PROPN
ajeer-7479	113	1	𝑠1	𝑠1	PROPN
ajeer-7479	113	2	2	2	NUM
ajeer-7479	113	3	𝑛1	𝑛1	NOUN
ajeer-7479	113	4	+	+	CCONJ
ajeer-7479	113	5	𝑠2	𝑠2	PROPN
ajeer-7479	113	6	2	2	NUM
ajeer-7479	113	7	𝑛2	𝑛2	NOUN
ajeer-7479	113	8	(	(	PUNCT
ajeer-7479	113	9	1	1	NUM
ajeer-7479	113	10	)	)	PUNCT
ajeer-7479	114	1	where	where	SCONJ
ajeer-7479	114	2	:	:	PUNCT
ajeer-7479	114	3	𝑥1̅̅	𝑥1̅̅	NOUN
ajeer-7479	114	4	̅	̅	PROPN
ajeer-7479	114	5	−	−	NOUN
ajeer-7479	114	6	𝑥2̅̅	𝑥2̅̅	NOUN
ajeer-7479	114	7	̅=	̅=	PROPN
ajeer-7479	114	8	sample	sample	NOUN
ajeer-7479	114	9	means	mean	NOUN
ajeer-7479	114	10	of	of	ADP
ajeer-7479	114	11	listed	list	VERB
ajeer-7479	114	12	smes	sme	NOUN
ajeer-7479	114	13	and	and	CCONJ
ajeer-7479	114	14	unlisted	unlisted	ADJ
ajeer-7479	114	15	smes	sme	NOUN
ajeer-7479	114	16	.	.	PUNCT
ajeer-7479	115	1	𝑠1	𝑠1	PROPN
ajeer-7479	115	2	2	2	NUM
ajeer-7479	115	3	,	,	PUNCT
ajeer-7479	115	4	𝑠2	𝑠2	NOUN
ajeer-7479	115	5	2	2	NUM
ajeer-7479	115	6	=	=	SYM
ajeer-7479	115	7	sample	sample	NOUN
ajeer-7479	115	8	variances	variance	NOUN
ajeer-7479	115	9	of	of	ADP
ajeer-7479	115	10	both	both	PRON
ajeer-7479	115	11	listed	list	VERB
ajeer-7479	115	12	and	and	CCONJ
ajeer-7479	115	13	unlisted	unlisted	ADJ
ajeer-7479	115	14	smes	sme	NOUN
ajeer-7479	115	15	.	.	PUNCT
ajeer-7479	116	1	𝑛1	𝑛1	NOUN
ajeer-7479	116	2	,	,	PUNCT
ajeer-7479	116	3	𝑛2	𝑛2	NOUN
ajeer-7479	116	4	=	=	NOUN
ajeer-7479	116	5	sample	sample	NOUN
ajeer-7479	116	6	size	size	NOUN
ajeer-7479	116	7	of	of	ADP
ajeer-7479	116	8	both	both	DET
ajeer-7479	116	9	listed	list	VERB
ajeer-7479	116	10	and	and	CCONJ
ajeer-7479	116	11	unlisted	unlisted	ADJ
ajeer-7479	116	12	sme	sme	NOUN
ajeer-7479	116	13	.	.	PROPN
ajeer-7479	116	14	3.1	3.1	NUM
ajeer-7479	116	15	.	.	PUNCT
ajeer-7479	116	16	t	t	NOUN
ajeer-7479	116	17	-	-	PUNCT
ajeer-7479	116	18	test	test	NOUN
ajeer-7479	116	19	null	null	ADJ
ajeer-7479	116	20	hypothesis	hypothesis	NOUN
ajeer-7479	116	21	there	there	PRON
ajeer-7479	116	22	is	be	VERB
ajeer-7479	116	23	no	no	DET
ajeer-7479	116	24	difference	difference	NOUN
ajeer-7479	116	25	in	in	ADP
ajeer-7479	116	26	the	the	DET
ajeer-7479	116	27	mean	mean	ADJ
ajeer-7479	116	28	financial	financial	ADJ
ajeer-7479	116	29	performance	performance	NOUN
ajeer-7479	116	30	between	between	ADP
ajeer-7479	116	31	listed	list	VERB
ajeer-7479	116	32	and	and	CCONJ
ajeer-7479	116	33	unlisted	unliste	VERB
ajeer-7479	116	34	eu	eu	PROPN
ajeer-7479	116	35	smes	smes	PROPN
ajeer-7479	116	36	.	.	PUNCT
ajeer-7479	117	1	h01	h01	NOUN
ajeer-7479	117	2	:	:	PUNCT
ajeer-7479	117	3	there	there	PRON
ajeer-7479	117	4	is	be	VERB
ajeer-7479	117	5	no	no	DET
ajeer-7479	117	6	significant	significant	ADJ
ajeer-7479	117	7	difference	difference	NOUN
ajeer-7479	117	8	in	in	ADP
ajeer-7479	117	9	the	the	DET
ajeer-7479	117	10	solvency	solvency	NOUN
ajeer-7479	117	11	of	of	ADP
ajeer-7479	117	12	listed	list	VERB
ajeer-7479	117	13	and	and	CCONJ
ajeer-7479	117	14	unlisted	unlisted	ADJ
ajeer-7479	117	15	smes	sme	NOUN
ajeer-7479	117	16	.	.	PUNCT
ajeer-7479	118	1	h02	h02	PROPN
ajeer-7479	118	2	:	:	PUNCT
ajeer-7479	118	3	there	there	PRON
ajeer-7479	118	4	is	be	VERB
ajeer-7479	118	5	no	no	DET
ajeer-7479	118	6	significant	significant	ADJ
ajeer-7479	118	7	difference	difference	NOUN
ajeer-7479	118	8	in	in	ADP
ajeer-7479	118	9	the	the	DET
ajeer-7479	118	10	liquidity	liquidity	NOUN
ajeer-7479	118	11	of	of	ADP
ajeer-7479	118	12	listed	list	VERB
ajeer-7479	118	13	and	and	CCONJ
ajeer-7479	118	14	unlisted	unlisted	ADJ
ajeer-7479	118	15	smes	sme	NOUN
ajeer-7479	118	16	h03	h03	NOUN
ajeer-7479	118	17	:	:	PUNCT
ajeer-7479	118	18	there	there	PRON
ajeer-7479	118	19	is	be	VERB
ajeer-7479	118	20	no	no	DET
ajeer-7479	118	21	significant	significant	ADJ
ajeer-7479	118	22	difference	difference	NOUN
ajeer-7479	118	23	in	in	ADP
ajeer-7479	118	24	the	the	DET
ajeer-7479	118	25	profit	profit	NOUN
ajeer-7479	118	26	margin	margin	NOUN
ajeer-7479	118	27	of	of	ADP
ajeer-7479	118	28	listed	list	VERB
ajeer-7479	118	29	and	and	CCONJ
ajeer-7479	118	30	unlisted	unlisted	ADJ
ajeer-7479	118	31	smes	sme	NOUN
ajeer-7479	118	32	h04	h04	NOUN
ajeer-7479	118	33	:	:	PUNCT
ajeer-7479	118	34	there	there	PRON
ajeer-7479	118	35	is	be	VERB
ajeer-7479	118	36	no	no	DET
ajeer-7479	118	37	significant	significant	ADJ
ajeer-7479	118	38	difference	difference	NOUN
ajeer-7479	118	39	in	in	ADP
ajeer-7479	118	40	the	the	DET
ajeer-7479	118	41	roa	roa	NOUN
ajeer-7479	118	42	of	of	ADP
ajeer-7479	118	43	listed	list	VERB
ajeer-7479	118	44	and	and	CCONJ
ajeer-7479	118	45	unlisted	unlisted	ADJ
ajeer-7479	118	46	smes	sme	NOUN
ajeer-7479	118	47	.	.	PUNCT
ajeer-7479	119	1	h05	h05	PROPN
ajeer-7479	119	2	:	:	PUNCT
ajeer-7479	119	3	there	there	PRON
ajeer-7479	119	4	is	be	VERB
ajeer-7479	119	5	no	no	DET
ajeer-7479	119	6	significant	significant	ADJ
ajeer-7479	119	7	difference	difference	NOUN
ajeer-7479	119	8	in	in	ADP
ajeer-7479	119	9	the	the	DET
ajeer-7479	119	10	roe	roe	NOUN
ajeer-7479	119	11	of	of	ADP
ajeer-7479	119	12	listed	list	VERB
ajeer-7479	119	13	and	and	CCONJ
ajeer-7479	119	14	unlisted	unlisted	ADJ
ajeer-7479	119	15	smes	sme	NOUN
ajeer-7479	119	16	.	.	PUNCT
ajeer-7479	120	1	3.2	3.2	NUM
ajeer-7479	120	2	.	.	PUNCT
ajeer-7479	121	1	alternative	alternative	ADJ
ajeer-7479	121	2	hypothesis	hypothesis	NOUN
ajeer-7479	121	3	(	(	PUNCT
ajeer-7479	121	4	h₁	h₁	NOUN
ajeer-7479	121	5	)	)	PUNCT
ajeer-7479	121	6	there	there	PRON
ajeer-7479	121	7	is	be	VERB
ajeer-7479	121	8	a	a	DET
ajeer-7479	121	9	difference	difference	NOUN
ajeer-7479	121	10	in	in	ADP
ajeer-7479	121	11	the	the	DET
ajeer-7479	121	12	mean	mean	ADJ
ajeer-7479	121	13	financial	financial	ADJ
ajeer-7479	121	14	performance	performance	NOUN
ajeer-7479	121	15	between	between	ADP
ajeer-7479	121	16	listed	list	VERB
ajeer-7479	121	17	and	and	CCONJ
ajeer-7479	121	18	unlisted	unliste	VERB
ajeer-7479	121	19	eu	eu	PROPN
ajeer-7479	121	20	smes	sme	NOUN
ajeer-7479	121	21	;	;	PUNCT
ajeer-7479	121	22	it	it	PRON
ajeer-7479	121	23	could	could	AUX
ajeer-7479	121	24	be	be	AUX
ajeer-7479	121	25	positive	positive	ADJ
ajeer-7479	121	26	or	or	CCONJ
ajeer-7479	121	27	negative	negative	ADJ
ajeer-7479	121	28	.	.	PUNCT
ajeer-7479	122	1	h1.1	h1.1	NOUN
ajeer-7479	122	2	:	:	PUNCT
ajeer-7479	122	3	there	there	PRON
ajeer-7479	122	4	is	be	VERB
ajeer-7479	122	5	a	a	DET
ajeer-7479	122	6	significant	significant	ADJ
ajeer-7479	122	7	difference	difference	NOUN
ajeer-7479	122	8	in	in	ADP
ajeer-7479	122	9	the	the	DET
ajeer-7479	122	10	solvency	solvency	NOUN
ajeer-7479	122	11	of	of	ADP
ajeer-7479	122	12	listed	list	VERB
ajeer-7479	122	13	and	and	CCONJ
ajeer-7479	122	14	unlisted	unlisted	ADJ
ajeer-7479	122	15	smes	sme	NOUN
ajeer-7479	122	16	.	.	PUNCT
ajeer-7479	123	1	h1.2	h1.2	PROPN
ajeer-7479	123	2	:	:	PUNCT
ajeer-7479	123	3	there	there	PRON
ajeer-7479	123	4	is	be	VERB
ajeer-7479	123	5	a	a	DET
ajeer-7479	123	6	significant	significant	ADJ
ajeer-7479	123	7	difference	difference	NOUN
ajeer-7479	123	8	in	in	ADP
ajeer-7479	123	9	the	the	DET
ajeer-7479	123	10	liquidity	liquidity	NOUN
ajeer-7479	123	11	of	of	ADP
ajeer-7479	123	12	listed	list	VERB
ajeer-7479	123	13	and	and	CCONJ
ajeer-7479	123	14	unlisted	unlisted	ADJ
ajeer-7479	123	15	smes	sme	NOUN
ajeer-7479	123	16	h1.3	h1.3	PROPN
ajeer-7479	123	17	:	:	PUNCT
ajeer-7479	123	18	there	there	PRON
ajeer-7479	123	19	is	be	VERB
ajeer-7479	123	20	a	a	DET
ajeer-7479	123	21	significant	significant	ADJ
ajeer-7479	123	22	difference	difference	NOUN
ajeer-7479	123	23	in	in	ADP
ajeer-7479	123	24	the	the	DET
ajeer-7479	123	25	profit	profit	NOUN
ajeer-7479	123	26	margin	margin	NOUN
ajeer-7479	123	27	of	of	ADP
ajeer-7479	123	28	listed	list	VERB
ajeer-7479	123	29	and	and	CCONJ
ajeer-7479	123	30	unlisted	unlisted	ADJ
ajeer-7479	123	31	smes	sme	NOUN
ajeer-7479	123	32	h1.4	h1.4	NOUN
ajeer-7479	123	33	:	:	PUNCT
ajeer-7479	123	34	there	there	PRON
ajeer-7479	123	35	is	be	VERB
ajeer-7479	123	36	a	a	DET
ajeer-7479	123	37	significant	significant	ADJ
ajeer-7479	123	38	difference	difference	NOUN
ajeer-7479	123	39	in	in	ADP
ajeer-7479	123	40	the	the	DET
ajeer-7479	123	41	roa	roa	NOUN
ajeer-7479	123	42	of	of	ADP
ajeer-7479	123	43	listed	list	VERB
ajeer-7479	123	44	and	and	CCONJ
ajeer-7479	123	45	unlisted	unlisted	ADJ
ajeer-7479	123	46	smes	sme	NOUN
ajeer-7479	123	47	.	.	PUNCT
ajeer-7479	124	1	h1.5	h1.5	NOUN
ajeer-7479	124	2	:	:	PUNCT
ajeer-7479	124	3	there	there	PRON
ajeer-7479	124	4	is	be	VERB
ajeer-7479	124	5	a	a	DET
ajeer-7479	124	6	significant	significant	ADJ
ajeer-7479	124	7	difference	difference	NOUN
ajeer-7479	124	8	in	in	ADP
ajeer-7479	124	9	the	the	DET
ajeer-7479	124	10	roe	roe	NOUN
ajeer-7479	124	11	of	of	ADP
ajeer-7479	124	12	listed	list	VERB
ajeer-7479	124	13	and	and	CCONJ
ajeer-7479	124	14	unlisted	unlisted	ADJ
ajeer-7479	124	15	smes	sme	NOUN
ajeer-7479	124	16	.	.	PUNCT
ajeer-7479	125	1	before	before	ADP
ajeer-7479	125	2	conducting	conduct	VERB
ajeer-7479	125	3	the	the	DET
ajeer-7479	125	4	t	t	NOUN
ajeer-7479	125	5	-	-	PUNCT
ajeer-7479	125	6	test	test	NOUN
ajeer-7479	125	7	,	,	PUNCT
ajeer-7479	125	8	we	we	PRON
ajeer-7479	125	9	performed	perform	VERB
ajeer-7479	125	10	the	the	DET
ajeer-7479	125	11	shapiro	shapiro	PROPN
ajeer-7479	125	12	–	–	PUNCT
ajeer-7479	125	13	wilk	wilk	NOUN
ajeer-7479	125	14	test	test	NOUN
ajeer-7479	125	15	to	to	PART
ajeer-7479	125	16	assess	assess	VERB
ajeer-7479	125	17	whether	whether	SCONJ
ajeer-7479	125	18	the	the	DET
ajeer-7479	125	19	data	datum	NOUN
ajeer-7479	125	20	are	be	AUX
ajeer-7479	125	21	normally	normally	ADV
ajeer-7479	125	22	distributed	distribute	VERB
ajeer-7479	125	23	.	.	PUNCT
ajeer-7479	126	1	𝑤	𝑤	X
ajeer-7479	126	2	=	=	SYM
ajeer-7479	126	3	(	(	PUNCT
ajeer-7479	126	4	∑	∑	INTJ
ajeer-7479	126	5	𝑎𝑖𝑥(𝑖))2𝑛	𝑎𝑖𝑥(𝑖))2𝑛	NOUN
ajeer-7479	126	6	𝑖=1	𝑖=1	PUNCT
ajeer-7479	126	7	∑	∑	PROPN
ajeer-7479	126	8	(	(	PUNCT
ajeer-7479	126	9	𝑥𝑖	𝑥𝑖	ADP
ajeer-7479	126	10	𝑛	𝑛	PRON
ajeer-7479	126	11	𝑖=1	𝑖=1	PROPN
ajeer-7479	126	12	−	−	NUM
ajeer-7479	126	13	�	�	NOUN
ajeer-7479	126	14	̅	̅	NOUN
ajeer-7479	126	15	�	�	NOUN
ajeer-7479	126	16	)2	)2	PUNCT
ajeer-7479	126	17	(	(	PUNCT
ajeer-7479	126	18	2	2	NUM
ajeer-7479	126	19	)	)	PUNCT
ajeer-7479	126	20	where	where	SCONJ
ajeer-7479	126	21	:	:	PUNCT
ajeer-7479	126	22	w	w	X
ajeer-7479	126	23	=	=	PUNCT
ajeer-7479	126	24	the	the	DET
ajeer-7479	126	25	shapiro	shapiro	PROPN
ajeer-7479	126	26	–	–	PUNCT
ajeer-7479	126	27	wilk	wilk	NOUN
ajeer-7479	126	28	test	test	NOUN
ajeer-7479	126	29	statistic	statistic	NOUN
ajeer-7479	126	30	.	.	PUNCT
ajeer-7479	127	1	𝑥(𝑖	𝑥(𝑖	PROPN
ajeer-7479	127	2	)	)	PUNCT
ajeer-7479	127	3	=	=	PRON
ajeer-7479	128	1	the	the	DET
ajeer-7479	128	2	ordered	order	VERB
ajeer-7479	128	3	sample	sample	NOUN
ajeer-7479	128	4	values	value	NOUN
ajeer-7479	128	5	(	(	PUNCT
ajeer-7479	128	6	i.e.	i.e.	X
ajeer-7479	128	7	,	,	PUNCT
ajeer-7479	128	8	from	from	ADP
ajeer-7479	128	9	smallest	small	ADJ
ajeer-7479	128	10	to	to	AUX
ajeer-7479	128	11	largest	large	ADJ
ajeer-7479	128	12	)	)	PUNCT
ajeer-7479	128	13	.	.	PUNCT
ajeer-7479	129	1	�	�	NOUN
ajeer-7479	129	2	̅	̅	NOUN
ajeer-7479	129	3	�	�	NOUN
ajeer-7479	129	4	=	=	PUNCT
ajeer-7479	129	5	the	the	DET
ajeer-7479	129	6	sample	sample	NOUN
ajeer-7479	129	7	mean	mean	VERB
ajeer-7479	129	8	.	.	PUNCT
ajeer-7479	130	1	𝑎𝑖=	𝑎𝑖=	PROPN
ajeer-7479	130	2	constants	constant	NOUN
ajeer-7479	130	3	derived	derive	VERB
ajeer-7479	130	4	from	from	ADP
ajeer-7479	130	5	the	the	DET
ajeer-7479	130	6	expected	expect	VERB
ajeer-7479	130	7	values	value	NOUN
ajeer-7479	130	8	of	of	ADP
ajeer-7479	130	9	order	order	NOUN
ajeer-7479	130	10	statistics	statistic	NOUN
ajeer-7479	130	11	of	of	ADP
ajeer-7479	130	12	a	a	DET
ajeer-7479	130	13	standard	standard	ADJ
ajeer-7479	130	14	normal	normal	ADJ
ajeer-7479	130	15	distribution	distribution	NOUN
ajeer-7479	130	16	and	and	CCONJ
ajeer-7479	130	17	the	the	DET
ajeer-7479	130	18	covariance	covariance	NOUN
ajeer-7479	130	19	matrix	matrix	NOUN
ajeer-7479	130	20	of	of	ADP
ajeer-7479	130	21	those	those	DET
ajeer-7479	130	22	order	order	NOUN
ajeer-7479	130	23	statistics	statistic	NOUN
ajeer-7479	130	24	𝑛	𝑛	PRON
ajeer-7479	130	25	=	=	PUNCT
ajeer-7479	130	26	sample	sample	NOUN
ajeer-7479	130	27	size	size	NOUN
ajeer-7479	130	28	.	.	PUNCT
ajeer-7479	131	1	asian	asian	ADJ
ajeer-7479	131	2	journal	journal	PROPN
ajeer-7479	131	3	of	of	ADP
ajeer-7479	131	4	economics	economic	NOUN
ajeer-7479	131	5	and	and	CCONJ
ajeer-7479	131	6	empirical	empirical	ADJ
ajeer-7479	131	7	research	research	NOUN
ajeer-7479	131	8	,	,	PUNCT
ajeer-7479	131	9	2025	2025	NUM
ajeer-7479	131	10	,	,	PUNCT
ajeer-7479	131	11	12(2	12(2	NUM
ajeer-7479	131	12	):	):	PUNCT
ajeer-7479	131	13	113	113	NUM
ajeer-7479	131	14	-	-	SYM
ajeer-7479	131	15	123	123	NUM
ajeer-7479	131	16	117	117	NUM
ajeer-7479	131	17	©	©	PROPN
ajeer-7479	131	18	2025	2025	NUM
ajeer-7479	131	19	by	by	ADP
ajeer-7479	131	20	the	the	DET
ajeer-7479	131	21	authors	author	NOUN
ajeer-7479	131	22	;	;	PUNCT
ajeer-7479	131	23	licensee	licensee	PROPN
ajeer-7479	131	24	asian	asian	ADJ
ajeer-7479	131	25	online	online	PROPN
ajeer-7479	131	26	journal	journal	PROPN
ajeer-7479	131	27	publishing	publishing	NOUN
ajeer-7479	131	28	group	group	PROPN
ajeer-7479	131	29	4	4	NUM
ajeer-7479	131	30	.	.	PUNCT
ajeer-7479	131	31	results	result	NOUN
ajeer-7479	131	32	and	and	CCONJ
ajeer-7479	131	33	discussion	discussion	NOUN
ajeer-7479	131	34	4.1	4.1	NUM
ajeer-7479	131	35	.	.	PUNCT
ajeer-7479	132	1	descriptive	descriptive	ADJ
ajeer-7479	132	2	statistics	statistic	NOUN
ajeer-7479	132	3	(	(	PUNCT
ajeer-7479	132	4	mean	mean	ADJ
ajeer-7479	132	5	,	,	PUNCT
ajeer-7479	132	6	median	median	ADJ
ajeer-7479	132	7	,	,	PUNCT
ajeer-7479	132	8	standard	standard	ADJ
ajeer-7479	132	9	deviation	deviation	NOUN
ajeer-7479	132	10	,	,	PUNCT
ajeer-7479	132	11	kurtosis	kurtosis	NOUN
ajeer-7479	132	12	,	,	PUNCT
ajeer-7479	132	13	skewness	skewness	NOUN
ajeer-7479	132	14	)	)	PUNCT
ajeer-7479	132	15	tables	table	NOUN
ajeer-7479	132	16	2	2	NUM
ajeer-7479	132	17	,	,	PUNCT
ajeer-7479	132	18	3	3	NUM
ajeer-7479	132	19	,	,	PUNCT
ajeer-7479	132	20	4	4	NUM
ajeer-7479	132	21	,	,	PUNCT
ajeer-7479	132	22	5	5	NUM
ajeer-7479	132	23	and	and	CCONJ
ajeer-7479	132	24	6	6	NUM
ajeer-7479	132	25	report	report	VERB
ajeer-7479	132	26	the	the	DET
ajeer-7479	132	27	descriptive	descriptive	ADJ
ajeer-7479	132	28	statistics	statistic	NOUN
ajeer-7479	132	29	.	.	PUNCT
ajeer-7479	133	1	table	table	NOUN
ajeer-7479	133	2	2	2	NUM
ajeer-7479	133	3	.	.	PUNCT
ajeer-7479	134	1	mean	mean	VERB
ajeer-7479	134	2	.	.	PUNCT
ajeer-7479	135	1	mean	mean	VERB
ajeer-7479	135	2	2023	2023	NUM
ajeer-7479	135	3	2022	2022	NUM
ajeer-7479	135	4	2021	2021	NUM
ajeer-7479	135	5	2020	2020	NUM
ajeer-7479	135	6	2019	2019	NUM
ajeer-7479	135	7	2018	2018	NUM
ajeer-7479	135	8	2017	2017	NUM
ajeer-7479	135	9	2016	2016	NUM
ajeer-7479	135	10	2015	2015	NUM
ajeer-7479	135	11	2014	2014	NUM
ajeer-7479	135	12	listed	list	VERB
ajeer-7479	135	13	smes	sme	NOUN
ajeer-7479	135	14	solvency	solvency	NOUN
ajeer-7479	135	15	(	(	PUNCT
ajeer-7479	135	16	x	x	X
ajeer-7479	135	17	)	)	PUNCT
ajeer-7479	135	18	52.809	52.809	NUM
ajeer-7479	135	19	48.645	48.645	NUM
ajeer-7479	135	20	46.487	46.487	NUM
ajeer-7479	136	1	45.604	45.604	NUM
ajeer-7479	136	2	44.072	44.072	NUM
ajeer-7479	136	3	44.404	44.404	NUM
ajeer-7479	136	4	43.739	43.739	NUM
ajeer-7479	136	5	43.111	43.111	NUM
ajeer-7479	136	6	49.766	49.766	NUM
ajeer-7479	136	7	49.770	49.770	NUM
ajeer-7479	136	8	unlisted	unliste	VERB
ajeer-7479	136	9	smes	sme	NOUN
ajeer-7479	136	10	solvency	solvency	NOUN
ajeer-7479	136	11	(	(	PUNCT
ajeer-7479	136	12	x	x	X
ajeer-7479	136	13	)	)	PUNCT
ajeer-7479	136	14	43.896	43.896	NUM
ajeer-7479	136	15	45.813	45.813	NUM
ajeer-7479	136	16	45.608	45.608	NUM
ajeer-7479	136	17	41.350	41.350	NUM
ajeer-7479	136	18	45.816	45.816	NUM
ajeer-7479	136	19	44.700	44.700	NUM
ajeer-7479	136	20	43.982	43.982	NUM
ajeer-7479	136	21	45.026	45.026	NUM
ajeer-7479	136	22	44.500	44.500	NUM
ajeer-7479	136	23	37.770	37.770	NUM
ajeer-7479	136	24	listed	list	VERB
ajeer-7479	136	25	smes	sme	NOUN
ajeer-7479	136	26	liquidity	liquidity	NOUN
ajeer-7479	136	27	(	(	PUNCT
ajeer-7479	136	28	x	x	X
ajeer-7479	136	29	)	)	PUNCT
ajeer-7479	136	30	3.939	3.939	NUM
ajeer-7479	136	31	4.031	4.031	NUM
ajeer-7479	136	32	4.058	4.058	NUM
ajeer-7479	136	33	5.743	5.743	NUM
ajeer-7479	136	34	5.295	5.295	NUM
ajeer-7479	136	35	5.854	5.854	NUM
ajeer-7479	136	36	2.992	2.992	NUM
ajeer-7479	136	37	1.832	1.832	NUM
ajeer-7479	136	38	2.262	2.262	NUM
ajeer-7479	136	39	1.884	1.884	NUM
ajeer-7479	136	40	unlisted	unliste	VERB
ajeer-7479	136	41	smes	sme	NOUN
ajeer-7479	136	42	liquidity	liquidity	NOUN
ajeer-7479	136	43	(	(	PUNCT
ajeer-7479	136	44	x	x	X
ajeer-7479	136	45	)	)	PUNCT
ajeer-7479	136	46	1.908	1.908	NUM
ajeer-7479	136	47	2.160	2.160	NUM
ajeer-7479	136	48	1.933	1.933	NUM
ajeer-7479	136	49	1.719	1.719	NUM
ajeer-7479	136	50	1.711	1.711	NUM
ajeer-7479	136	51	2.293	2.293	NUM
ajeer-7479	136	52	1.936	1.936	NUM
ajeer-7479	136	53	1.957	1.957	NUM
ajeer-7479	136	54	1.519	1.519	NUM
ajeer-7479	136	55	1.252	1.252	NUM
ajeer-7479	136	56	listed	list	VERB
ajeer-7479	136	57	smes	sme	NOUN
ajeer-7479	136	58	profit	profit	NOUN
ajeer-7479	136	59	margin	margin	NOUN
ajeer-7479	136	60	%	%	NOUN
ajeer-7479	136	61	6.459	6.459	NUM
ajeer-7479	136	62	-2.589	-2.589	NOUN
ajeer-7479	136	63	7.160	7.160	NUM
ajeer-7479	136	64	3.443	3.443	NUM
ajeer-7479	136	65	5.468	5.468	NUM
ajeer-7479	136	66	4.900	4.900	NUM
ajeer-7479	136	67	2.040	2.040	NUM
ajeer-7479	136	68	2.040	2.040	NUM
ajeer-7479	136	69	2.240	2.240	NUM
ajeer-7479	136	70	2.000	2.000	NUM
ajeer-7479	136	71	unlisted	unliste	VERB
ajeer-7479	136	72	smes	sme	NOUN
ajeer-7479	136	73	profit	profit	NOUN
ajeer-7479	136	74	margin	margin	NOUN
ajeer-7479	136	75	%	%	NOUN
ajeer-7479	136	76	11.023	11.023	NUM
ajeer-7479	136	77	9.659	9.659	NUM
ajeer-7479	136	78	5.780	5.780	NUM
ajeer-7479	136	79	7.099	7.099	NUM
ajeer-7479	136	80	7.312	7.312	NUM
ajeer-7479	136	81	9.045	9.045	NUM
ajeer-7479	136	82	6.958	6.958	NUM
ajeer-7479	136	83	8.042	8.042	NUM
ajeer-7479	136	84	6.517	6.517	NUM
ajeer-7479	136	85	5.048	5.048	NUM
ajeer-7479	136	86	listed	list	VERB
ajeer-7479	136	87	smes	sme	NOUN
ajeer-7479	136	88	roa	roa	PROPN
ajeer-7479	136	89	%	%	NOUN
ajeer-7479	136	90	4.479	4.479	NUM
ajeer-7479	136	91	4.070	4.070	NUM
ajeer-7479	136	92	5.199	5.199	NUM
ajeer-7479	136	93	-0.534	-0.534	NOUN
ajeer-7479	136	94	3.794	3.794	NUM
ajeer-7479	136	95	4.689	4.689	NUM
ajeer-7479	136	96	1.189	1.189	NUM
ajeer-7479	136	97	1.189	1.189	NUM
ajeer-7479	136	98	1.534	1.534	NUM
ajeer-7479	136	99	-0.321	-0.321	PUNCT
ajeer-7479	136	100	unlisted	unliste	VERB
ajeer-7479	136	101	smes	sme	NOUN
ajeer-7479	136	102	roa	roa	PROPN
ajeer-7479	136	103	%	%	NOUN
ajeer-7479	136	104	13.636	13.636	NUM
ajeer-7479	136	105	11.943	11.943	NUM
ajeer-7479	136	106	10.784	10.784	NUM
ajeer-7479	136	107	13.087	13.087	NUM
ajeer-7479	136	108	7.767	7.767	NUM
ajeer-7479	136	109	14.174	14.174	NUM
ajeer-7479	136	110	11.704	11.704	NUM
ajeer-7479	136	111	10.663	10.663	NUM
ajeer-7479	136	112	10.344	10.344	NUM
ajeer-7479	136	113	6.809	6.809	NUM
ajeer-7479	136	114	listed	list	VERB
ajeer-7479	136	115	smes	sme	NOUN
ajeer-7479	136	116	roe	roe	PROPN
ajeer-7479	136	117	%	%	NOUN
ajeer-7479	136	118	8.870	8.870	NUM
ajeer-7479	136	119	15.581	15.581	NUM
ajeer-7479	136	120	11.199	11.199	NUM
ajeer-7479	136	121	0.440	0.440	NUM
ajeer-7479	136	122	4.319	4.319	NUM
ajeer-7479	136	123	10.582	10.582	NUM
ajeer-7479	136	124	5.933	5.933	NUM
ajeer-7479	136	125	4.133	4.133	NUM
ajeer-7479	136	126	4.569	4.569	NUM
ajeer-7479	136	127	1.786	1.786	NUM
ajeer-7479	136	128	unlisted	unliste	VERB
ajeer-7479	136	129	smes	sme	NOUN
ajeer-7479	136	130	roe	roe	PROPN
ajeer-7479	136	131	%	%	NOUN
ajeer-7479	137	1	35.821	35.821	NUM
ajeer-7479	137	2	30.703	30.703	NUM
ajeer-7479	137	3	33.802	33.802	NUM
ajeer-7479	137	4	65.253	65.253	NUM
ajeer-7479	137	5	18.966	18.966	NUM
ajeer-7479	137	6	47.084	47.084	NUM
ajeer-7479	137	7	28.989	28.989	NUM
ajeer-7479	137	8	24.751	24.751	NUM
ajeer-7479	137	9	31.339	31.339	NUM
ajeer-7479	137	10	24.284	24.284	NUM
ajeer-7479	137	11	table	table	NOUN
ajeer-7479	137	12	2	2	NUM
ajeer-7479	137	13	presents	present	VERB
ajeer-7479	137	14	the	the	DET
ajeer-7479	137	15	solvency	solvency	NOUN
ajeer-7479	137	16	,	,	PUNCT
ajeer-7479	137	17	liquidity	liquidity	NOUN
ajeer-7479	137	18	,	,	PUNCT
ajeer-7479	137	19	profit	profit	NOUN
ajeer-7479	137	20	margin	margin	NOUN
ajeer-7479	137	21	,	,	PUNCT
ajeer-7479	137	22	roa	roa	PROPN
ajeer-7479	137	23	,	,	PUNCT
ajeer-7479	137	24	and	and	CCONJ
ajeer-7479	137	25	roe	roe	NOUN
ajeer-7479	137	26	means	mean	VERB
ajeer-7479	137	27	for	for	ADP
ajeer-7479	137	28	listed	list	VERB
ajeer-7479	137	29	and	and	CCONJ
ajeer-7479	137	30	unlisted	unlisted	ADJ
ajeer-7479	137	31	smes	sme	NOUN
ajeer-7479	137	32	from	from	ADP
ajeer-7479	137	33	2014	2014	NUM
ajeer-7479	137	34	to	to	ADP
ajeer-7479	137	35	2023	2023	NUM
ajeer-7479	137	36	.	.	PUNCT
ajeer-7479	138	1	the	the	DET
ajeer-7479	138	2	results	result	NOUN
ajeer-7479	138	3	show	show	VERB
ajeer-7479	138	4	that	that	SCONJ
ajeer-7479	138	5	while	while	SCONJ
ajeer-7479	138	6	the	the	DET
ajeer-7479	138	7	listed	list	VERB
ajeer-7479	138	8	smes	sme	NOUN
ajeer-7479	138	9	’	'	PUNCT
ajeer-7479	138	10	solvency	solvency	NOUN
ajeer-7479	138	11	and	and	CCONJ
ajeer-7479	138	12	liquidity	liquidity	NOUN
ajeer-7479	138	13	averages	average	NOUN
ajeer-7479	138	14	are	be	AUX
ajeer-7479	138	15	higher	high	ADJ
ajeer-7479	138	16	than	than	ADP
ajeer-7479	138	17	those	those	PRON
ajeer-7479	138	18	of	of	ADP
ajeer-7479	138	19	unlisted	unlisted	ADJ
ajeer-7479	138	20	smes	sme	NOUN
ajeer-7479	138	21	,	,	PUNCT
ajeer-7479	138	22	their	their	PRON
ajeer-7479	138	23	profit	profit	NOUN
ajeer-7479	138	24	margin	margin	NOUN
ajeer-7479	138	25	,	,	PUNCT
ajeer-7479	138	26	roa	roa	PROPN
ajeer-7479	138	27	,	,	PUNCT
ajeer-7479	138	28	and	and	CCONJ
ajeer-7479	138	29	roe	roe	PROPN
ajeer-7479	138	30	averages	average	NOUN
ajeer-7479	138	31	are	be	AUX
ajeer-7479	138	32	lower	low	ADJ
ajeer-7479	138	33	compared	compare	VERB
ajeer-7479	138	34	to	to	ADP
ajeer-7479	138	35	the	the	DET
ajeer-7479	138	36	unlisted	unlisted	ADJ
ajeer-7479	138	37	counterparts	counterpart	NOUN
ajeer-7479	138	38	.	.	PUNCT
ajeer-7479	139	1	a	a	DET
ajeer-7479	139	2	line	line	NOUN
ajeer-7479	139	3	plot	plot	NOUN
ajeer-7479	139	4	was	be	AUX
ajeer-7479	139	5	used	use	VERB
ajeer-7479	139	6	to	to	PART
ajeer-7479	139	7	visualize	visualize	VERB
ajeer-7479	139	8	the	the	DET
ajeer-7479	139	9	mean	mean	ADJ
ajeer-7479	139	10	performance	performance	NOUN
ajeer-7479	139	11	of	of	ADP
ajeer-7479	139	12	listed	list	VERB
ajeer-7479	139	13	and	and	CCONJ
ajeer-7479	139	14	unlisted	unliste	VERB
ajeer-7479	139	15	eu	eu	PROPN
ajeer-7479	139	16	smes	sme	NOUN
ajeer-7479	139	17	across	across	ADP
ajeer-7479	139	18	key	key	ADJ
ajeer-7479	139	19	financial	financial	ADJ
ajeer-7479	139	20	metrics	metric	NOUN
ajeer-7479	139	21	.	.	PUNCT
ajeer-7479	140	1	this	this	PRON
ajeer-7479	140	2	allows	allow	VERB
ajeer-7479	140	3	for	for	ADP
ajeer-7479	140	4	a	a	DET
ajeer-7479	140	5	clear	clear	ADJ
ajeer-7479	140	6	comparison	comparison	NOUN
ajeer-7479	140	7	of	of	ADP
ajeer-7479	140	8	trends	trend	NOUN
ajeer-7479	140	9	and	and	CCONJ
ajeer-7479	140	10	reveals	reveal	VERB
ajeer-7479	140	11	consistent	consistent	ADJ
ajeer-7479	140	12	differences	difference	NOUN
ajeer-7479	140	13	in	in	ADP
ajeer-7479	140	14	liquidity	liquidity	NOUN
ajeer-7479	140	15	and	and	CCONJ
ajeer-7479	140	16	profitability	profitability	NOUN
ajeer-7479	140	17	.	.	PUNCT
ajeer-7479	141	1	figure	figure	NOUN
ajeer-7479	141	2	1	1	NUM
ajeer-7479	141	3	.	.	PUNCT
ajeer-7479	142	1	solvency	solvency	NOUN
ajeer-7479	142	2	,	,	PUNCT
ajeer-7479	142	3	liquidity	liquidity	NOUN
ajeer-7479	142	4	,	,	PUNCT
ajeer-7479	142	5	profit	profit	NOUN
ajeer-7479	142	6	margin	margin	NOUN
ajeer-7479	142	7	,	,	PUNCT
ajeer-7479	142	8	roa	roa	PROPN
ajeer-7479	142	9	,	,	PUNCT
ajeer-7479	142	10	and	and	CCONJ
ajeer-7479	142	11	roe	roe	PROPN
ajeer-7479	142	12	yearly	yearly	PROPN
ajeer-7479	142	13	means	mean	VERB
ajeer-7479	142	14	variation	variation	NOUN
ajeer-7479	142	15	.	.	PUNCT
ajeer-7479	143	1	asian	asian	ADJ
ajeer-7479	143	2	journal	journal	PROPN
ajeer-7479	143	3	of	of	ADP
ajeer-7479	143	4	economics	economic	NOUN
ajeer-7479	143	5	and	and	CCONJ
ajeer-7479	143	6	empirical	empirical	ADJ
ajeer-7479	143	7	research	research	NOUN
ajeer-7479	143	8	,	,	PUNCT
ajeer-7479	143	9	2025	2025	NUM
ajeer-7479	143	10	,	,	PUNCT
ajeer-7479	143	11	12(2	12(2	NUM
ajeer-7479	143	12	):	):	PUNCT
ajeer-7479	143	13	113	113	NUM
ajeer-7479	143	14	-	-	SYM
ajeer-7479	143	15	123	123	NUM
ajeer-7479	143	16	118	118	NUM
ajeer-7479	143	17	©	©	PROPN
ajeer-7479	143	18	2025	2025	NUM
ajeer-7479	143	19	by	by	ADP
ajeer-7479	143	20	the	the	DET
ajeer-7479	143	21	authors	author	NOUN
ajeer-7479	143	22	;	;	PUNCT
ajeer-7479	143	23	licensee	licensee	PROPN
ajeer-7479	143	24	asian	asian	ADJ
ajeer-7479	143	25	online	online	PROPN
ajeer-7479	143	26	journal	journal	PROPN
ajeer-7479	143	27	publishing	publishing	NOUN
ajeer-7479	143	28	group	group	NOUN
ajeer-7479	143	29	figure	figure	NOUN
ajeer-7479	143	30	1	1	NUM
ajeer-7479	143	31	displays	display	VERB
ajeer-7479	143	32	the	the	DET
ajeer-7479	143	33	yearly	yearly	ADJ
ajeer-7479	143	34	mean	mean	ADJ
ajeer-7479	143	35	variations	variation	NOUN
ajeer-7479	143	36	of	of	ADP
ajeer-7479	143	37	listed	list	VERB
ajeer-7479	143	38	(	(	PUNCT
ajeer-7479	143	39	blue	blue	ADJ
ajeer-7479	143	40	)	)	PUNCT
ajeer-7479	143	41	and	and	CCONJ
ajeer-7479	143	42	unlisted	unliste	VERB
ajeer-7479	143	43	(	(	PUNCT
ajeer-7479	143	44	orange	orange	ADJ
ajeer-7479	143	45	)	)	PUNCT
ajeer-7479	143	46	smes	sme	NOUN
ajeer-7479	143	47	for	for	ADP
ajeer-7479	143	48	the	the	DET
ajeer-7479	143	49	performance	performance	NOUN
ajeer-7479	143	50	indicators	indicator	NOUN
ajeer-7479	143	51	solvency	solvency	NOUN
ajeer-7479	143	52	,	,	PUNCT
ajeer-7479	143	53	liquidity	liquidity	NOUN
ajeer-7479	143	54	,	,	PUNCT
ajeer-7479	143	55	profit	profit	NOUN
ajeer-7479	143	56	margin	margin	NOUN
ajeer-7479	143	57	,	,	PUNCT
ajeer-7479	143	58	roa	roa	PROPN
ajeer-7479	143	59	,	,	PUNCT
ajeer-7479	143	60	and	and	CCONJ
ajeer-7479	143	61	roe	roe	NOUN
ajeer-7479	143	62	from	from	ADP
ajeer-7479	143	63	2014	2014	NUM
ajeer-7479	143	64	to	to	ADP
ajeer-7479	143	65	2023	2023	NUM
ajeer-7479	143	66	.	.	PUNCT
ajeer-7479	144	1	table	table	NOUN
ajeer-7479	144	2	2	2	NUM
ajeer-7479	144	3	and	and	CCONJ
ajeer-7479	144	4	figure	figure	VERB
ajeer-7479	144	5	1	1	NUM
ajeer-7479	144	6	findings	finding	NOUN
ajeer-7479	144	7	indicate	indicate	VERB
ajeer-7479	144	8	that	that	SCONJ
ajeer-7479	144	9	listed	list	VERB
ajeer-7479	144	10	smes	sme	NOUN
ajeer-7479	144	11	outperform	outperform	VERB
ajeer-7479	144	12	unlisted	unlisted	ADJ
ajeer-7479	144	13	smes	sme	NOUN
ajeer-7479	144	14	in	in	ADP
ajeer-7479	144	15	terms	term	NOUN
ajeer-7479	144	16	of	of	ADP
ajeer-7479	144	17	solvency	solvency	NOUN
ajeer-7479	144	18	and	and	CCONJ
ajeer-7479	144	19	liquidity	liquidity	NOUN
ajeer-7479	144	20	,	,	PUNCT
ajeer-7479	144	21	suggesting	suggest	VERB
ajeer-7479	144	22	that	that	SCONJ
ajeer-7479	144	23	access	access	NOUN
ajeer-7479	144	24	to	to	ADP
ajeer-7479	144	25	unregulated	unregulated	ADJ
ajeer-7479	144	26	stock	stock	NOUN
ajeer-7479	144	27	markets	market	NOUN
ajeer-7479	144	28	improves	improve	VERB
ajeer-7479	144	29	eu	eu	PROPN
ajeer-7479	144	30	smes	sme	NOUN
ajeer-7479	144	31	solvency	solvency	NOUN
ajeer-7479	144	32	and	and	CCONJ
ajeer-7479	144	33	liquidity	liquidity	NOUN
ajeer-7479	144	34	,	,	PUNCT
ajeer-7479	144	35	supporting	support	VERB
ajeer-7479	144	36	the	the	DET
ajeer-7479	144	37	hypothesis	hypothesis	NOUN
ajeer-7479	144	38	that	that	PRON
ajeer-7479	144	39	access	access	NOUN
ajeer-7479	144	40	to	to	ADP
ajeer-7479	144	41	stock	stock	NOUN
ajeer-7479	144	42	markets	market	NOUN
ajeer-7479	144	43	positively	positively	ADV
ajeer-7479	144	44	impacts	impact	VERB
ajeer-7479	144	45	enterprises	enterprise	NOUN
ajeer-7479	144	46	’	'	PUNCT
ajeer-7479	144	47	financial	financial	ADJ
ajeer-7479	144	48	performance	performance	NOUN
ajeer-7479	144	49	(	(	PUNCT
ajeer-7479	144	50	european	european	PROPN
ajeer-7479	144	51	commission	commission	PROPN
ajeer-7479	144	52	,	,	PUNCT
ajeer-7479	144	53	2022a	2022a	NUM
ajeer-7479	144	54	)	)	PUNCT
ajeer-7479	144	55	.	.	PUNCT
ajeer-7479	145	1	whereas	whereas	ADV
ajeer-7479	145	2	,	,	PUNCT
ajeer-7479	145	3	listed	list	VERB
ajeer-7479	145	4	smes	sme	NOUN
ajeer-7479	145	5	'	'	PART
ajeer-7479	145	6	profit	profit	NOUN
ajeer-7479	145	7	margin	margin	NOUN
ajeer-7479	145	8	,	,	PUNCT
ajeer-7479	145	9	roa	roa	PROPN
ajeer-7479	145	10	,	,	PUNCT
ajeer-7479	145	11	and	and	CCONJ
ajeer-7479	145	12	roe	roe	NOUN
ajeer-7479	145	13	have	have	AUX
ajeer-7479	145	14	considerably	considerably	ADV
ajeer-7479	145	15	decreased	decrease	VERB
ajeer-7479	145	16	compared	compare	VERB
ajeer-7479	145	17	to	to	ADP
ajeer-7479	145	18	unlisted	unlisted	ADJ
ajeer-7479	145	19	smes	sme	NOUN
ajeer-7479	145	20	,	,	PUNCT
ajeer-7479	145	21	putting	put	VERB
ajeer-7479	145	22	forward	forward	ADV
ajeer-7479	145	23	the	the	DET
ajeer-7479	145	24	argument	argument	NOUN
ajeer-7479	145	25	that	that	SCONJ
ajeer-7479	145	26	listing	listing	NOUN
ajeer-7479	145	27	has	have	AUX
ajeer-7479	145	28	degraded	degrade	VERB
ajeer-7479	145	29	smes	sme	NOUN
ajeer-7479	145	30	'	'	PART
ajeer-7479	145	31	profitability	profitability	NOUN
ajeer-7479	145	32	(	(	PUNCT
ajeer-7479	145	33	pastusiak	pastusiak	PROPN
ajeer-7479	145	34	,	,	PUNCT
ajeer-7479	145	35	bolek	bolek	NOUN
ajeer-7479	145	36	,	,	PUNCT
ajeer-7479	145	37	&	&	CCONJ
ajeer-7479	145	38	matuszewskajanica	matuszewskajanica	PROPN
ajeer-7479	145	39	,	,	PUNCT
ajeer-7479	145	40	2016	2016	NUM
ajeer-7479	145	41	;	;	PUNCT
ajeer-7479	145	42	wang	wang	PROPN
ajeer-7479	145	43	,	,	PUNCT
ajeer-7479	145	44	2005	2005	NUM
ajeer-7479	145	45	)	)	PUNCT
ajeer-7479	145	46	.	.	PUNCT
ajeer-7479	146	1	to	to	PART
ajeer-7479	146	2	better	well	ADV
ajeer-7479	146	3	understand	understand	VERB
ajeer-7479	146	4	the	the	DET
ajeer-7479	146	5	extent	extent	NOUN
ajeer-7479	146	6	and	and	CCONJ
ajeer-7479	146	7	significance	significance	NOUN
ajeer-7479	146	8	of	of	ADP
ajeer-7479	146	9	the	the	DET
ajeer-7479	146	10	impact	impact	NOUN
ajeer-7479	146	11	that	that	PRON
ajeer-7479	146	12	access	access	NOUN
ajeer-7479	146	13	to	to	ADP
ajeer-7479	146	14	unregulated	unregulated	ADJ
ajeer-7479	146	15	stock	stock	NOUN
ajeer-7479	146	16	markets	market	NOUN
ajeer-7479	146	17	has	have	VERB
ajeer-7479	146	18	on	on	ADP
ajeer-7479	146	19	smes	sme	NOUN
ajeer-7479	146	20	’	'	PUNCT
ajeer-7479	146	21	financial	financial	ADJ
ajeer-7479	146	22	performance	performance	NOUN
ajeer-7479	146	23	,	,	PUNCT
ajeer-7479	146	24	additional	additional	ADJ
ajeer-7479	146	25	statistical	statistical	ADJ
ajeer-7479	146	26	analyses	analysis	NOUN
ajeer-7479	146	27	will	will	AUX
ajeer-7479	146	28	be	be	AUX
ajeer-7479	146	29	conducted	conduct	VERB
ajeer-7479	146	30	.	.	PUNCT
ajeer-7479	147	1	table	table	NOUN
ajeer-7479	147	2	3	3	NUM
ajeer-7479	147	3	.	.	PUNCT
ajeer-7479	147	4	median	median	PROPN
ajeer-7479	147	5	.	.	PUNCT
ajeer-7479	148	1	median	median	PROPN
ajeer-7479	148	2	2023	2023	NUM
ajeer-7479	148	3	2022	2022	NUM
ajeer-7479	148	4	2021	2021	NUM
ajeer-7479	148	5	2020	2020	NUM
ajeer-7479	148	6	2019	2019	NUM
ajeer-7479	148	7	2018	2018	NUM
ajeer-7479	148	8	2017	2017	NUM
ajeer-7479	148	9	2016	2016	NUM
ajeer-7479	148	10	2015	2015	NUM
ajeer-7479	148	11	2014	2014	NUM
ajeer-7479	148	12	listed	list	VERB
ajeer-7479	148	13	smes	sme	NOUN
ajeer-7479	148	14	solvency	solvency	NOUN
ajeer-7479	148	15	(	(	PUNCT
ajeer-7479	148	16	x	x	X
ajeer-7479	148	17	)	)	PUNCT
ajeer-7479	148	18	51.495	51.495	NUM
ajeer-7479	148	19	51.565	51.565	NUM
ajeer-7479	148	20	43.655	43.655	NUM
ajeer-7479	148	21	41.025	41.025	NUM
ajeer-7479	148	22	39.965	39.965	NUM
ajeer-7479	148	23	43.865	43.865	NUM
ajeer-7479	148	24	41.665	41.665	NUM
ajeer-7479	148	25	36.960	36.960	NUM
ajeer-7479	148	26	43.855	43.855	NUM
ajeer-7479	148	27	44.300	44.300	NUM
ajeer-7479	148	28	unlisted	unliste	VERB
ajeer-7479	148	29	smes	sme	NOUN
ajeer-7479	148	30	solvency	solvency	NOUN
ajeer-7479	148	31	(	(	PUNCT
ajeer-7479	148	32	x	x	X
ajeer-7479	148	33	)	)	PUNCT
ajeer-7479	148	34	40.565	40.565	NUM
ajeer-7479	148	35	38.135	38.135	NUM
ajeer-7479	148	36	47.835	47.835	NUM
ajeer-7479	148	37	40.040	40.040	NUM
ajeer-7479	148	38	46.285	46.285	NUM
ajeer-7479	148	39	50.295	50.295	NUM
ajeer-7479	148	40	46.330	46.330	NUM
ajeer-7479	148	41	47.300	47.300	NUM
ajeer-7479	148	42	48.570	48.570	NUM
ajeer-7479	148	43	43.525	43.525	NUM
ajeer-7479	148	44	listed	list	VERB
ajeer-7479	148	45	smes	sme	NOUN
ajeer-7479	148	46	liquidity	liquidity	NOUN
ajeer-7479	148	47	(	(	PUNCT
ajeer-7479	148	48	x	x	X
ajeer-7479	148	49	)	)	PUNCT
ajeer-7479	148	50	1.220	1.220	NUM
ajeer-7479	148	51	1.095	1.095	NUM
ajeer-7479	148	52	1.250	1.250	NUM
ajeer-7479	148	53	1.265	1.265	NUM
ajeer-7479	148	54	1.450	1.450	NUM
ajeer-7479	148	55	0.750	0.750	NUM
ajeer-7479	148	56	1.260	1.260	NUM
ajeer-7479	148	57	0.825	0.825	NUM
ajeer-7479	148	58	0.985	0.985	NUM
ajeer-7479	148	59	1.145	1.145	NUM
ajeer-7479	148	60	unlisted	unliste	VERB
ajeer-7479	148	61	smes	sme	NOUN
ajeer-7479	148	62	liquidity	liquidity	NOUN
ajeer-7479	148	63	(	(	PUNCT
ajeer-7479	148	64	x	x	X
ajeer-7479	148	65	)	)	PUNCT
ajeer-7479	148	66	1.485	1.485	NUM
ajeer-7479	148	67	1.310	1.310	NUM
ajeer-7479	148	68	1.430	1.430	NUM
ajeer-7479	148	69	1.390	1.390	NUM
ajeer-7479	148	70	1.300	1.300	NUM
ajeer-7479	148	71	1.635	1.635	NUM
ajeer-7479	148	72	1.590	1.590	NUM
ajeer-7479	148	73	1.785	1.785	NUM
ajeer-7479	148	74	1.355	1.355	NUM
ajeer-7479	148	75	1.255	1.255	NUM
ajeer-7479	148	76	listed	list	VERB
ajeer-7479	148	77	smes	sme	NOUN
ajeer-7479	148	78	profit	profit	NOUN
ajeer-7479	148	79	margin	margin	NOUN
ajeer-7479	148	80	%	%	NOUN
ajeer-7479	148	81	8.095	8.095	NUM
ajeer-7479	148	82	7.850	7.850	NUM
ajeer-7479	148	83	7.110	7.110	NUM
ajeer-7479	148	84	7.490	7.490	NUM
ajeer-7479	148	85	7.765	7.765	NUM
ajeer-7479	148	86	5.270	5.270	NUM
ajeer-7479	148	87	5.270	5.270	NUM
ajeer-7479	148	88	1.855	1.855	NUM
ajeer-7479	148	89	0.570	0.570	NUM
ajeer-7479	148	90	1.065	1.065	NUM
ajeer-7479	148	91	unlisted	unliste	VERB
ajeer-7479	148	92	smes	sme	NOUN
ajeer-7479	148	93	profit	profit	NOUN
ajeer-7479	148	94	margin	margin	NOUN
ajeer-7479	148	95	%	%	NOUN
ajeer-7479	148	96	7.950	7.950	NUM
ajeer-7479	148	97	8.105	8.105	NUM
ajeer-7479	148	98	6.920	6.920	NUM
ajeer-7479	148	99	4.485	4.485	NUM
ajeer-7479	148	100	3.400	3.400	NUM
ajeer-7479	148	101	6.435	6.435	NUM
ajeer-7479	148	102	6.560	6.560	NUM
ajeer-7479	148	103	5.895	5.895	NUM
ajeer-7479	148	104	6.030	6.030	NUM
ajeer-7479	148	105	4.100	4.100	NUM
ajeer-7479	148	106	listed	list	VERB
ajeer-7479	148	107	smes	sme	NOUN
ajeer-7479	148	108	roa	roa	PROPN
ajeer-7479	149	1	%	%	NOUN
ajeer-7479	149	2	3.130	3.130	NUM
ajeer-7479	149	3	6.780	6.780	NUM
ajeer-7479	149	4	3.000	3.000	NUM
ajeer-7479	149	5	2.275	2.275	NUM
ajeer-7479	149	6	5.525	5.525	NUM
ajeer-7479	149	7	4.120	4.120	NUM
ajeer-7479	149	8	4.120	4.120	NUM
ajeer-7479	149	9	1.625	1.625	NUM
ajeer-7479	149	10	0.980	0.980	NUM
ajeer-7479	149	11	1.015	1.015	NUM
ajeer-7479	149	12	unlisted	unliste	VERB
ajeer-7479	149	13	smes	sme	NOUN
ajeer-7479	149	14	roa	roa	PROPN
ajeer-7479	149	15	%	%	NOUN
ajeer-7479	149	16	13.840	13.840	NUM
ajeer-7479	149	17	9.350	9.350	NUM
ajeer-7479	149	18	7.990	7.990	NUM
ajeer-7479	149	19	6.590	6.590	NUM
ajeer-7479	149	20	2.235	2.235	NUM
ajeer-7479	149	21	6.365	6.365	NUM
ajeer-7479	149	22	7.270	7.270	NUM
ajeer-7479	149	23	9.490	9.490	NUM
ajeer-7479	149	24	6.790	6.790	NUM
ajeer-7479	149	25	4.225	4.225	NUM
ajeer-7479	149	26	listed	list	VERB
ajeer-7479	149	27	smes	sme	NOUN
ajeer-7479	149	28	roe	roe	NOUN
ajeer-7479	149	29	%	%	NOUN
ajeer-7479	149	30	8.285	8.285	NUM
ajeer-7479	149	31	11.715	11.715	NUM
ajeer-7479	149	32	8.080	8.080	NUM
ajeer-7479	149	33	6.040	6.040	NUM
ajeer-7479	149	34	9.105	9.105	NUM
ajeer-7479	149	35	10.650	10.650	NUM
ajeer-7479	149	36	4.420	4.420	NUM
ajeer-7479	149	37	5.320	5.320	NUM
ajeer-7479	149	38	3.630	3.630	NUM
ajeer-7479	149	39	3.765	3.765	NUM
ajeer-7479	149	40	unlisted	unliste	VERB
ajeer-7479	149	41	smes	sme	NOUN
ajeer-7479	149	42	roe	roe	NOUN
ajeer-7479	149	43	%	%	NOUN
ajeer-7479	150	1	27.405	27.405	NUM
ajeer-7479	150	2	18.340	18.340	NUM
ajeer-7479	150	3	16.995	16.995	NUM
ajeer-7479	150	4	15.775	15.775	NUM
ajeer-7479	150	5	7.905	7.905	NUM
ajeer-7479	151	1	13.520	13.520	NUM
ajeer-7479	151	2	11.965	11.965	NUM
ajeer-7479	151	3	11.965	11.965	NUM
ajeer-7479	151	4	17.290	17.290	NUM
ajeer-7479	151	5	10.885	10.885	NUM
ajeer-7479	151	6	table	table	NOUN
ajeer-7479	151	7	3	3	NUM
ajeer-7479	151	8	presents	present	VERB
ajeer-7479	151	9	the	the	DET
ajeer-7479	151	10	solvency	solvency	NOUN
ajeer-7479	151	11	,	,	PUNCT
ajeer-7479	151	12	liquidity	liquidity	NOUN
ajeer-7479	151	13	,	,	PUNCT
ajeer-7479	151	14	profit	profit	NOUN
ajeer-7479	151	15	margin	margin	NOUN
ajeer-7479	151	16	,	,	PUNCT
ajeer-7479	151	17	roa	roa	PROPN
ajeer-7479	151	18	,	,	PUNCT
ajeer-7479	151	19	and	and	CCONJ
ajeer-7479	151	20	roe	roe	PROPN
ajeer-7479	151	21	medians	median	NOUN
ajeer-7479	151	22	for	for	ADP
ajeer-7479	151	23	listed	list	VERB
ajeer-7479	151	24	and	and	CCONJ
ajeer-7479	151	25	unlisted	unlisted	ADJ
ajeer-7479	151	26	smes	sme	NOUN
ajeer-7479	151	27	from	from	ADP
ajeer-7479	151	28	2014	2014	NUM
ajeer-7479	151	29	to	to	ADP
ajeer-7479	151	30	2023	2023	NUM
ajeer-7479	151	31	.	.	PUNCT
ajeer-7479	152	1	the	the	DET
ajeer-7479	152	2	results	result	NOUN
ajeer-7479	152	3	show	show	VERB
ajeer-7479	152	4	that	that	SCONJ
ajeer-7479	152	5	while	while	SCONJ
ajeer-7479	152	6	the	the	DET
ajeer-7479	152	7	solvency	solvency	NOUN
ajeer-7479	152	8	medians	median	NOUN
ajeer-7479	152	9	of	of	ADP
ajeer-7479	152	10	listed	list	VERB
ajeer-7479	152	11	smes	sme	NOUN
ajeer-7479	152	12	are	be	AUX
ajeer-7479	152	13	higher	high	ADJ
ajeer-7479	152	14	than	than	ADP
ajeer-7479	152	15	those	those	PRON
ajeer-7479	152	16	of	of	ADP
ajeer-7479	152	17	unlisted	unlisted	ADJ
ajeer-7479	152	18	smes	sme	NOUN
ajeer-7479	152	19	,	,	PUNCT
ajeer-7479	152	20	their	their	PRON
ajeer-7479	152	21	profit	profit	NOUN
ajeer-7479	152	22	margin	margin	NOUN
ajeer-7479	152	23	,	,	PUNCT
ajeer-7479	152	24	roa	roa	PROPN
ajeer-7479	152	25	,	,	PUNCT
ajeer-7479	152	26	and	and	CCONJ
ajeer-7479	152	27	roe	roe	PROPN
ajeer-7479	152	28	medians	median	NOUN
ajeer-7479	152	29	are	be	AUX
ajeer-7479	152	30	lower	low	ADJ
ajeer-7479	152	31	compared	compare	VERB
ajeer-7479	152	32	to	to	ADP
ajeer-7479	152	33	the	the	DET
ajeer-7479	152	34	unlisted	unlisted	ADJ
ajeer-7479	152	35	counterparts	counterpart	NOUN
ajeer-7479	152	36	.	.	PUNCT
ajeer-7479	153	1	however	however	ADV
ajeer-7479	153	2	,	,	PUNCT
ajeer-7479	153	3	the	the	DET
ajeer-7479	153	4	liquidity	liquidity	NOUN
ajeer-7479	153	5	medians	median	NOUN
ajeer-7479	153	6	are	be	AUX
ajeer-7479	153	7	relatively	relatively	ADV
ajeer-7479	153	8	equal	equal	ADJ
ajeer-7479	153	9	.	.	PUNCT
ajeer-7479	154	1	table	table	NOUN
ajeer-7479	154	2	4	4	NUM
ajeer-7479	154	3	.	.	PUNCT
ajeer-7479	154	4	standard	standard	ADJ
ajeer-7479	154	5	deviation	deviation	NOUN
ajeer-7479	154	6	.	.	PUNCT
ajeer-7479	155	1	standard	standard	ADJ
ajeer-7479	155	2	deviation	deviation	NOUN
ajeer-7479	155	3	2023	2023	NUM
ajeer-7479	155	4	2022	2022	NUM
ajeer-7479	155	5	2021	2021	NUM
ajeer-7479	155	6	2020	2020	NUM
ajeer-7479	155	7	2019	2019	NUM
ajeer-7479	155	8	2018	2018	NUM
ajeer-7479	155	9	2017	2017	NUM
ajeer-7479	155	10	2016	2016	NUM
ajeer-7479	155	11	2015	2015	NUM
ajeer-7479	155	12	2014	2014	NUM
ajeer-7479	155	13	listed	list	VERB
ajeer-7479	155	14	smes	sme	NOUN
ajeer-7479	155	15	solvency	solvency	NOUN
ajeer-7479	155	16	(	(	PUNCT
ajeer-7479	155	17	x	x	X
ajeer-7479	155	18	)	)	PUNCT
ajeer-7479	155	19	26.711	26.711	NUM
ajeer-7479	155	20	29.850	29.850	NUM
ajeer-7479	155	21	19.183	19.183	NUM
ajeer-7479	155	22	19.205	19.205	NUM
ajeer-7479	155	23	26.151	26.151	NUM
ajeer-7479	155	24	26.766	26.766	NUM
ajeer-7479	155	25	25.965	25.965	NUM
ajeer-7479	155	26	26.407	26.407	NUM
ajeer-7479	155	27	29.407	29.407	NUM
ajeer-7479	155	28	29.461	29.461	NUM
ajeer-7479	155	29	unlisted	unlisted	ADJ
ajeer-7479	155	30	smes	sme	NOUN
ajeer-7479	155	31	solvency	solvency	NOUN
ajeer-7479	155	32	(	(	PUNCT
ajeer-7479	155	33	x	x	X
ajeer-7479	155	34	)	)	PUNCT
ajeer-7479	155	35	16.004	16.004	NUM
ajeer-7479	156	1	21.855	21.855	NUM
ajeer-7479	156	2	23.511	23.511	NUM
ajeer-7479	156	3	24.690	24.690	NUM
ajeer-7479	156	4	25.418	25.418	NUM
ajeer-7479	156	5	23.581	23.581	NUM
ajeer-7479	156	6	21.126	21.126	NUM
ajeer-7479	156	7	21.357	21.357	NUM
ajeer-7479	156	8	18.939	18.939	NUM
ajeer-7479	156	9	17.996	17.996	NUM
ajeer-7479	156	10	listed	list	VERB
ajeer-7479	156	11	smes	sme	NOUN
ajeer-7479	156	12	liquidity	liquidity	NOUN
ajeer-7479	156	13	(	(	PUNCT
ajeer-7479	156	14	x	x	X
ajeer-7479	156	15	)	)	PUNCT
ajeer-7479	156	16	7.261	7.261	NUM
ajeer-7479	156	17	6.344	6.344	NUM
ajeer-7479	156	18	7.584	7.584	NUM
ajeer-7479	156	19	9.510	9.510	NUM
ajeer-7479	156	20	8.971	8.971	NUM
ajeer-7479	156	21	11.307	11.307	NUM
ajeer-7479	156	22	5.638	5.638	NUM
ajeer-7479	156	23	2.608	2.608	NUM
ajeer-7479	156	24	3.085	3.085	NUM
ajeer-7479	156	25	1.718	1.718	NUM
ajeer-7479	156	26	unlisted	unliste	VERB
ajeer-7479	156	27	smes	sme	NOUN
ajeer-7479	156	28	liquidity	liquidity	NOUN
ajeer-7479	156	29	(	(	PUNCT
ajeer-7479	156	30	x	x	X
ajeer-7479	156	31	)	)	PUNCT
ajeer-7479	156	32	1.235	1.235	NUM
ajeer-7479	156	33	1.830	1.830	NUM
ajeer-7479	156	34	1.271	1.271	NUM
ajeer-7479	156	35	1.055	1.055	NUM
ajeer-7479	156	36	1.019	1.019	NUM
ajeer-7479	156	37	1.741	1.741	NUM
ajeer-7479	156	38	0.931	0.931	NUM
ajeer-7479	156	39	1.044	1.044	NUM
ajeer-7479	156	40	0.365	0.365	NUM
ajeer-7479	156	41	0.336	0.336	NUM
ajeer-7479	156	42	listed	list	VERB
ajeer-7479	156	43	smes	sme	NOUN
ajeer-7479	156	44	profit	profit	NOUN
ajeer-7479	156	45	margin	margin	NOUN
ajeer-7479	156	46	%	%	NOUN
ajeer-7479	156	47	7.599	7.599	NUM
ajeer-7479	156	48	23.269	23.269	NUM
ajeer-7479	156	49	4.125	4.125	NUM
ajeer-7479	156	50	11.549	11.549	NUM
ajeer-7479	156	51	8.276	8.276	NUM
ajeer-7479	156	52	5.562	5.562	NUM
ajeer-7479	156	53	5.562	5.562	NUM
ajeer-7479	156	54	5.855	5.855	NUM
ajeer-7479	156	55	5.242	5.242	NUM
ajeer-7479	156	56	6.439	6.439	NUM
ajeer-7479	156	57	unlisted	unliste	VERB
ajeer-7479	156	58	smes	sme	NOUN
ajeer-7479	156	59	profit	profit	NOUN
ajeer-7479	156	60	margin	margin	NOUN
ajeer-7479	156	61	%	%	NOUN
ajeer-7479	156	62	11.634	11.634	NUM
ajeer-7479	156	63	9.260	9.260	NUM
ajeer-7479	156	64	9.487	9.487	NUM
ajeer-7479	156	65	9.792	9.792	NUM
ajeer-7479	156	66	7.742	7.742	NUM
ajeer-7479	156	67	8.138	8.138	NUM
ajeer-7479	156	68	5.070	5.070	NUM
ajeer-7479	156	69	8.238	8.238	NUM
ajeer-7479	156	70	5.748	5.748	NUM
ajeer-7479	156	71	4.827	4.827	NUM
ajeer-7479	157	1	listed	list	VERB
ajeer-7479	157	2	smes	sme	NOUN
ajeer-7479	157	3	roa	roa	PROPN
ajeer-7479	157	4	%	%	NOUN
ajeer-7479	157	5	8.053	8.053	NUM
ajeer-7479	157	6	23.270	23.270	NUM
ajeer-7479	157	7	5.083	5.083	NUM
ajeer-7479	157	8	10.348	10.348	NUM
ajeer-7479	157	9	8.002	8.002	NUM
ajeer-7479	157	10	6.577	6.577	NUM
ajeer-7479	157	11	6.577	6.577	NUM
ajeer-7479	157	12	5.150	5.150	NUM
ajeer-7479	157	13	5.210	5.210	NUM
ajeer-7479	157	14	5.032	5.032	NUM
ajeer-7479	157	15	unlisted	unlisted	ADJ
ajeer-7479	157	16	smes	sme	NOUN
ajeer-7479	157	17	roa	roa	NOUN
ajeer-7479	157	18	%	%	NOUN
ajeer-7479	157	19	10.713	10.713	NUM
ajeer-7479	157	20	11.741	11.741	NUM
ajeer-7479	157	21	15.551	15.551	NUM
ajeer-7479	157	22	17.093	17.093	NUM
ajeer-7479	157	23	11.598	11.598	NUM
ajeer-7479	158	1	16.730	16.730	NUM
ajeer-7479	158	2	12.721	12.721	NUM
ajeer-7479	158	3	11.989	11.989	NUM
ajeer-7479	158	4	12.710	12.710	NUM
ajeer-7479	158	5	10.542	10.542	NUM
ajeer-7479	158	6	listed	list	VERB
ajeer-7479	158	7	smes	sme	NOUN
ajeer-7479	158	8	roe	roe	NOUN
ajeer-7479	158	9	%	%	NOUN
ajeer-7479	158	10	12.749	12.749	NUM
ajeer-7479	158	11	16.132	16.132	NUM
ajeer-7479	158	12	10.238	10.238	NUM
ajeer-7479	158	13	25.741	25.741	NUM
ajeer-7479	158	14	39.796	39.796	NUM
ajeer-7479	158	15	18.548	18.548	NUM
ajeer-7479	158	16	6.100	6.100	NUM
ajeer-7479	158	17	12.119	12.119	NUM
ajeer-7479	158	18	7.921	7.921	NUM
ajeer-7479	158	19	12.050	12.050	NUM
ajeer-7479	158	20	unlisted	unliste	VERB
ajeer-7479	158	21	smes	sme	NOUN
ajeer-7479	158	22	roe	roe	NOUN
ajeer-7479	158	23	%	%	NOUN
ajeer-7479	158	24	41.396	41.396	NUM
ajeer-7479	158	25	30.948	30.948	NUM
ajeer-7479	158	26	54.698	54.698	NUM
ajeer-7479	158	27	152.930	152.930	NUM
ajeer-7479	158	28	23.265	23.265	NUM
ajeer-7479	158	29	90.979	90.979	NUM
ajeer-7479	158	30	57.329	57.329	NUM
ajeer-7479	158	31	43.810	43.810	NUM
ajeer-7479	158	32	49.559	49.559	NUM
ajeer-7479	158	33	42.141	42.141	NUM
ajeer-7479	158	34	table	table	NOUN
ajeer-7479	158	35	4	4	NUM
ajeer-7479	158	36	presents	present	VERB
ajeer-7479	158	37	the	the	DET
ajeer-7479	158	38	solvency	solvency	NOUN
ajeer-7479	158	39	,	,	PUNCT
ajeer-7479	158	40	liquidity	liquidity	NOUN
ajeer-7479	158	41	,	,	PUNCT
ajeer-7479	158	42	profit	profit	NOUN
ajeer-7479	158	43	margin	margin	NOUN
ajeer-7479	158	44	,	,	PUNCT
ajeer-7479	158	45	roa	roa	PROPN
ajeer-7479	158	46	,	,	PUNCT
ajeer-7479	158	47	and	and	CCONJ
ajeer-7479	158	48	roe	roe	PROPN
ajeer-7479	158	49	standard	standard	ADJ
ajeer-7479	158	50	deviation	deviation	NOUN
ajeer-7479	158	51	for	for	ADP
ajeer-7479	158	52	listed	list	VERB
ajeer-7479	158	53	and	and	CCONJ
ajeer-7479	158	54	unlisted	unlisted	ADJ
ajeer-7479	158	55	smes	sme	NOUN
ajeer-7479	158	56	from	from	ADP
ajeer-7479	158	57	2014	2014	NUM
ajeer-7479	158	58	to	to	ADP
ajeer-7479	158	59	2023	2023	NUM
ajeer-7479	158	60	.	.	PUNCT
ajeer-7479	159	1	the	the	DET
ajeer-7479	159	2	results	result	NOUN
ajeer-7479	159	3	show	show	VERB
ajeer-7479	159	4	that	that	SCONJ
ajeer-7479	159	5	the	the	DET
ajeer-7479	159	6	variation	variation	NOUN
ajeer-7479	159	7	in	in	ADP
ajeer-7479	159	8	the	the	DET
ajeer-7479	159	9	standard	standard	ADJ
ajeer-7479	159	10	deviation	deviation	NOUN
ajeer-7479	159	11	of	of	ADP
ajeer-7479	159	12	unlisted	unlisted	ADJ
ajeer-7479	159	13	smes	sme	NOUN
ajeer-7479	159	14	is	be	AUX
ajeer-7479	159	15	relatively	relatively	ADV
ajeer-7479	159	16	high	high	ADJ
ajeer-7479	159	17	,	,	PUNCT
ajeer-7479	159	18	especially	especially	ADV
ajeer-7479	159	19	under	under	ADP
ajeer-7479	159	20	the	the	DET
ajeer-7479	159	21	roe	roe	NOUN
ajeer-7479	159	22	.	.	PUNCT
ajeer-7479	160	1	this	this	PRON
ajeer-7479	160	2	suggests	suggest	VERB
ajeer-7479	160	3	that	that	SCONJ
ajeer-7479	160	4	there	there	PRON
ajeer-7479	160	5	is	be	VERB
ajeer-7479	160	6	moderate	moderate	ADJ
ajeer-7479	160	7	variability	variability	NOUN
ajeer-7479	160	8	in	in	ADP
ajeer-7479	160	9	financial	financial	ADJ
ajeer-7479	160	10	performance	performance	NOUN
ajeer-7479	160	11	indicators	indicator	NOUN
ajeer-7479	160	12	following	follow	VERB
ajeer-7479	160	13	smes	sme	NOUN
ajeer-7479	160	14	’	'	PUNCT
ajeer-7479	160	15	listing	listing	NOUN
ajeer-7479	160	16	.	.	PUNCT
ajeer-7479	161	1	table	table	NOUN
ajeer-7479	161	2	5	5	NUM
ajeer-7479	161	3	.	.	PUNCT
ajeer-7479	161	4	kurtosis	kurtosis	NOUN
ajeer-7479	161	5	.	.	PUNCT
ajeer-7479	162	1	kutosis	kutosis	NOUN
ajeer-7479	162	2	2023	2023	NUM
ajeer-7479	162	3	2022	2022	NUM
ajeer-7479	162	4	2021	2021	NUM
ajeer-7479	162	5	2020	2020	NUM
ajeer-7479	162	6	2019	2019	NUM
ajeer-7479	162	7	2018	2018	NUM
ajeer-7479	162	8	2017	2017	NUM
ajeer-7479	162	9	2016	2016	NUM
ajeer-7479	162	10	2015	2015	NUM
ajeer-7479	162	11	2014	2014	NUM
ajeer-7479	162	12	listed	list	VERB
ajeer-7479	162	13	smes	sme	NOUN
ajeer-7479	162	14	solvency	solvency	NOUN
ajeer-7479	162	15	(	(	PUNCT
ajeer-7479	162	16	x	x	X
ajeer-7479	162	17	)	)	PUNCT
ajeer-7479	162	18	2.014	2.014	NUM
ajeer-7479	162	19	2.207	2.207	NUM
ajeer-7479	162	20	2.270	2.270	NUM
ajeer-7479	162	21	2.561	2.561	NUM
ajeer-7479	162	22	2.770	2.770	NUM
ajeer-7479	162	23	2.746	2.746	NUM
ajeer-7479	162	24	2.863	2.863	NUM
ajeer-7479	162	25	2.709	2.709	NUM
ajeer-7479	162	26	1.745	1.745	NUM
ajeer-7479	162	27	1.786	1.786	NUM
ajeer-7479	162	28	unlisted	unliste	VERB
ajeer-7479	162	29	smes	sme	NOUN
ajeer-7479	162	30	solvency	solvency	NOUN
ajeer-7479	162	31	(	(	PUNCT
ajeer-7479	162	32	x	x	X
ajeer-7479	162	33	)	)	PUNCT
ajeer-7479	163	1	2.289	2.289	NUM
ajeer-7479	163	2	1.938	1.938	NUM
ajeer-7479	163	3	1.407	1.407	NUM
ajeer-7479	163	4	1.842	1.842	NUM
ajeer-7479	163	5	1.975	1.975	NUM
ajeer-7479	163	6	2.848	2.848	NUM
ajeer-7479	163	7	2.769	2.769	NUM
ajeer-7479	163	8	3.032	3.032	NUM
ajeer-7479	163	9	3.435	3.435	NUM
ajeer-7479	163	10	2.254	2.254	NUM
ajeer-7479	163	11	listed	list	VERB
ajeer-7479	163	12	smes	sme	NOUN
ajeer-7479	163	13	liquidity	liquidity	NOUN
ajeer-7479	163	14	(	(	PUNCT
ajeer-7479	163	15	x	x	X
ajeer-7479	163	16	)	)	PUNCT
ajeer-7479	163	17	7.264	7.264	NUM
ajeer-7479	163	18	3.238	3.238	NUM
ajeer-7479	163	19	7.562	7.562	NUM
ajeer-7479	163	20	3.311	3.311	NUM
ajeer-7479	163	21	5.524	5.524	NUM
ajeer-7479	163	22	6.344	6.344	NUM
ajeer-7479	163	23	7.921	7.921	NUM
ajeer-7479	163	24	7.117	7.117	NUM
ajeer-7479	163	25	6.925	6.925	NUM
ajeer-7479	163	26	4.253	4.253	NUM
ajeer-7479	163	27	unlisted	unliste	VERB
ajeer-7479	163	28	smes	sme	NOUN
ajeer-7479	163	29	liquidity	liquidity	NOUN
ajeer-7479	163	30	(	(	PUNCT
ajeer-7479	163	31	x	x	X
ajeer-7479	163	32	)	)	PUNCT
ajeer-7479	163	33	4.082	4.082	NUM
ajeer-7479	163	34	3.045	3.045	NUM
ajeer-7479	163	35	2.715	2.715	NUM
ajeer-7479	163	36	4.130	4.130	NUM
ajeer-7479	163	37	5.568	5.568	NUM
ajeer-7479	163	38	3.162	3.162	NUM
ajeer-7479	163	39	2.317	2.317	NUM
ajeer-7479	163	40	1.959	1.959	NUM
ajeer-7479	163	41	1.744	1.744	NUM
ajeer-7479	163	42	3.377	3.377	NUM
ajeer-7479	163	43	listed	list	VERB
ajeer-7479	163	44	smes	sme	NOUN
ajeer-7479	163	45	profit	profit	NOUN
ajeer-7479	163	46	margin	margin	NOUN
ajeer-7479	163	47	%	%	NOUN
ajeer-7479	163	48	2.753	2.753	NUM
ajeer-7479	163	49	4.665	4.665	NUM
ajeer-7479	163	50	1.573	1.573	NUM
ajeer-7479	163	51	5.118	5.118	NUM
ajeer-7479	163	52	2.476	2.476	NUM
ajeer-7479	163	53	2.859	2.859	NUM
ajeer-7479	163	54	2.859	2.859	NUM
ajeer-7479	163	55	1.827	1.827	NUM
ajeer-7479	163	56	1.683	1.683	NUM
ajeer-7479	163	57	1.743	1.743	NUM
ajeer-7479	163	58	unlisted	unliste	VERB
ajeer-7479	163	59	smes	sme	NOUN
ajeer-7479	163	60	profit	profit	NOUN
ajeer-7479	163	61	margin	margin	NOUN
ajeer-7479	163	62	%	%	NOUN
ajeer-7479	163	63	4.665	4.665	NUM
ajeer-7479	163	64	2.595	2.595	NUM
ajeer-7479	163	65	3.191	3.191	NUM
ajeer-7479	163	66	2.785	2.785	NUM
ajeer-7479	163	67	2.725	2.725	NUM
ajeer-7479	163	68	2.299	2.299	NUM
ajeer-7479	163	69	2.363	2.363	NUM
ajeer-7479	163	70	1.860	1.860	NUM
ajeer-7479	163	71	3.524	3.524	NUM
ajeer-7479	163	72	4.637	4.637	NUM
ajeer-7479	163	73	listed	list	VERB
ajeer-7479	163	74	smes	sme	NOUN
ajeer-7479	163	75	roa	roa	PROPN
ajeer-7479	163	76	%	%	NOUN
ajeer-7479	163	77	4.665	4.665	NUM
ajeer-7479	163	78	2.595	2.595	NUM
ajeer-7479	163	79	3.191	3.191	NUM
ajeer-7479	163	80	2.785	2.785	NUM
ajeer-7479	163	81	2.725	2.725	NUM
ajeer-7479	163	82	2.299	2.299	NUM
ajeer-7479	163	83	2.363	2.363	NUM
ajeer-7479	163	84	1.896	1.896	NUM
ajeer-7479	163	85	3.524	3.524	NUM
ajeer-7479	163	86	4.637	4.637	NUM
ajeer-7479	163	87	unlisted	unliste	VERB
ajeer-7479	163	88	smes	sme	NOUN
ajeer-7479	163	89	roa	roa	PROPN
ajeer-7479	164	1	%	%	NOUN
ajeer-7479	164	2	1.659	1.659	NUM
ajeer-7479	164	3	2.468	2.468	NUM
ajeer-7479	164	4	2.208	2.208	NUM
ajeer-7479	164	5	5.026	5.026	NUM
ajeer-7479	164	6	3.486	3.486	NUM
ajeer-7479	164	7	2.564	2.564	NUM
ajeer-7479	164	8	2.964	2.964	NUM
ajeer-7479	164	9	3.414	3.414	NUM
ajeer-7479	164	10	4.068	4.068	NUM
ajeer-7479	164	11	7.498	7.498	NUM
ajeer-7479	164	12	listed	list	VERB
ajeer-7479	164	13	smes	sme	NOUN
ajeer-7479	164	14	roe	roe	PROPN
ajeer-7479	164	15	%	%	NOUN
ajeer-7479	164	16	2.315	2.315	NUM
ajeer-7479	164	17	3.903	3.903	NUM
ajeer-7479	164	18	2.565	2.565	NUM
ajeer-7479	164	19	4.810	4.810	NUM
ajeer-7479	164	20	4.889	4.889	NUM
ajeer-7479	164	21	4.050	4.050	NUM
ajeer-7479	164	22	2.113	2.113	NUM
ajeer-7479	164	23	5.766	5.766	NUM
ajeer-7479	164	24	2.314	2.314	NUM
ajeer-7479	164	25	4.986	4.986	NUM
ajeer-7479	164	26	unlisted	unliste	VERB
ajeer-7479	164	27	smes	sme	NOUN
ajeer-7479	164	28	roe	roe	PROPN
ajeer-7479	164	29	%	%	NOUN
ajeer-7479	165	1	5.510	5.510	NUM
ajeer-7479	165	2	3.963	3.963	NUM
ajeer-7479	165	3	4.365	4.365	NUM
ajeer-7479	165	4	7.982	7.982	NUM
ajeer-7479	165	5	2.159	2.159	NUM
ajeer-7479	165	6	7.739	7.739	NUM
ajeer-7479	165	7	7.259	7.259	NUM
ajeer-7479	165	8	6.642	6.642	NUM
ajeer-7479	165	9	7.253	7.253	NUM
ajeer-7479	165	10	6.844	6.844	NUM
ajeer-7479	165	11	table	table	NOUN
ajeer-7479	165	12	5	5	NUM
ajeer-7479	165	13	presents	present	VERB
ajeer-7479	165	14	the	the	DET
ajeer-7479	165	15	solvency	solvency	NOUN
ajeer-7479	165	16	,	,	PUNCT
ajeer-7479	165	17	liquidity	liquidity	NOUN
ajeer-7479	165	18	,	,	PUNCT
ajeer-7479	165	19	profit	profit	NOUN
ajeer-7479	165	20	margin	margin	NOUN
ajeer-7479	165	21	,	,	PUNCT
ajeer-7479	165	22	roa	roa	PROPN
ajeer-7479	165	23	,	,	PUNCT
ajeer-7479	165	24	and	and	CCONJ
ajeer-7479	165	25	roe	roe	NOUN
ajeer-7479	165	26	kurtosis	kurtosis	NOUN
ajeer-7479	165	27	for	for	ADP
ajeer-7479	165	28	listed	list	VERB
ajeer-7479	165	29	and	and	CCONJ
ajeer-7479	165	30	unlisted	unlisted	ADJ
ajeer-7479	165	31	smes	sme	NOUN
ajeer-7479	165	32	from	from	ADP
ajeer-7479	165	33	2014	2014	NUM
ajeer-7479	165	34	to	to	ADP
ajeer-7479	165	35	2023	2023	NUM
ajeer-7479	165	36	.	.	PUNCT
ajeer-7479	166	1	the	the	DET
ajeer-7479	166	2	results	result	NOUN
ajeer-7479	166	3	show	show	VERB
ajeer-7479	166	4	that	that	SCONJ
ajeer-7479	166	5	listed	list	VERB
ajeer-7479	166	6	smes	sme	NOUN
ajeer-7479	166	7	'	'	PART
ajeer-7479	166	8	kurtosis	kurtosis	NOUN
ajeer-7479	166	9	values	value	NOUN
ajeer-7479	166	10	are	be	AUX
ajeer-7479	166	11	mostly	mostly	ADV
ajeer-7479	166	12	<3	<3	ADJ
ajeer-7479	166	13	,	,	PUNCT
ajeer-7479	166	14	ranging	range	VERB
ajeer-7479	166	15	from	from	ADP
ajeer-7479	166	16	1.7	1.7	NUM
ajeer-7479	166	17	to	to	ADP
ajeer-7479	166	18	2.8	2.8	NUM
ajeer-7479	166	19	,	,	PUNCT
ajeer-7479	166	20	indicating	indicate	VERB
ajeer-7479	166	21	a	a	DET
ajeer-7479	166	22	platykurtic	platykurtic	ADJ
ajeer-7479	166	23	distribution	distribution	NOUN
ajeer-7479	166	24	.	.	PUNCT
ajeer-7479	167	1	however	however	ADV
ajeer-7479	167	2	,	,	PUNCT
ajeer-7479	167	3	unlisted	unlisted	ADJ
ajeer-7479	167	4	smes	sme	NOUN
ajeer-7479	167	5	'	'	PART
ajeer-7479	167	6	values	value	NOUN
ajeer-7479	167	7	are	be	AUX
ajeer-7479	167	8	mixed	mix	VERB
ajeer-7479	167	9	between	between	ADP
ajeer-7479	167	10	leptokurtic	leptokurtic	ADJ
ajeer-7479	167	11	distribution	distribution	NOUN
ajeer-7479	167	12	>	>	ADP
ajeer-7479	167	13	3	3	NUM
ajeer-7479	167	14	and	and	CCONJ
ajeer-7479	167	15	platykurtic	platykurtic	ADJ
ajeer-7479	167	16	distribution	distribution	NOUN
ajeer-7479	167	17	<3	<3	NOUN
ajeer-7479	167	18	.	.	PUNCT
ajeer-7479	167	19	table	table	NOUN
ajeer-7479	167	20	6	6	NUM
ajeer-7479	167	21	.	.	PUNCT
ajeer-7479	168	1	skewness	skewness	PROPN
ajeer-7479	168	2	.	.	PUNCT
ajeer-7479	169	1	skewness	skewness	NOUN
ajeer-7479	169	2	2023	2023	NUM
ajeer-7479	169	3	2022	2022	NUM
ajeer-7479	169	4	2021	2021	NUM
ajeer-7479	169	5	2020	2020	NUM
ajeer-7479	169	6	2019	2019	NUM
ajeer-7479	169	7	2018	2018	NUM
ajeer-7479	169	8	2017	2017	NUM
ajeer-7479	169	9	2016	2016	NUM
ajeer-7479	169	10	2015	2015	NUM
ajeer-7479	169	11	2014	2014	NUM
ajeer-7479	169	12	listed	list	VERB
ajeer-7479	169	13	smes	sme	NOUN
ajeer-7479	169	14	solvency	solvency	NOUN
ajeer-7479	169	15	(	(	PUNCT
ajeer-7479	169	16	x	x	X
ajeer-7479	169	17	)	)	PUNCT
ajeer-7479	169	18	0.17	0.17	NUM
ajeer-7479	169	19	-0.42	-0.42	NUM
ajeer-7479	169	20	0.21	0.21	NUM
ajeer-7479	169	21	0.33	0.33	NUM
ajeer-7479	169	22	0.73	0.73	NUM
ajeer-7479	169	23	0.57	0.57	NUM
ajeer-7479	169	24	0.78	0.78	NUM
ajeer-7479	169	25	0.85	0.85	NUM
ajeer-7479	169	26	0.25	0.25	NUM
ajeer-7479	169	27	0.21	0.21	NUM
ajeer-7479	169	28	unlisted	unliste	VERB
ajeer-7479	169	29	smes	sme	NOUN
ajeer-7479	169	30	solvency	solvency	NOUN
ajeer-7479	169	31	(	(	PUNCT
ajeer-7479	169	32	x	x	X
ajeer-7479	169	33	)	)	PUNCT
ajeer-7479	169	34	0.45	0.45	NUM
ajeer-7479	169	35	0.60	0.60	NUM
ajeer-7479	169	36	0.06	0.06	NUM
ajeer-7479	169	37	0.09	0.09	NUM
ajeer-7479	169	38	-0.22	-0.22	NUM
ajeer-7479	169	39	-0.27	-0.27	PROPN
ajeer-7479	169	40	-0.68	-0.68	PROPN
ajeer-7479	169	41	-0.40	-0.40	NOUN
ajeer-7479	169	42	-1.15	-1.15	NOUN
ajeer-7479	169	43	-0.64	-0.64	NUM
ajeer-7479	169	44	listed	list	VERB
ajeer-7479	169	45	smes	sme	NOUN
ajeer-7479	169	46	liquidity	liquidity	NOUN
ajeer-7479	169	47	(	(	PUNCT
ajeer-7479	169	48	x	x	X
ajeer-7479	169	49	)	)	PUNCT
ajeer-7479	169	50	2.42	2.42	NUM
ajeer-7479	169	51	1.49	1.49	NUM
ajeer-7479	169	52	2.51	2.51	NUM
ajeer-7479	169	53	1.49	1.49	NUM
ajeer-7479	169	54	1.97	1.97	NUM
ajeer-7479	169	55	2.19	2.19	NUM
ajeer-7479	169	56	2.61	2.61	NUM
ajeer-7479	169	57	2.36	2.36	NUM
ajeer-7479	169	58	2.30	2.30	NUM
ajeer-7479	169	59	1.46	1.46	NUM
ajeer-7479	169	60	unlisted	unliste	VERB
ajeer-7479	169	61	smes	sme	NOUN
ajeer-7479	169	62	liquidity	liquidity	NOUN
ajeer-7479	169	63	(	(	PUNCT
ajeer-7479	169	64	x	x	X
ajeer-7479	169	65	)	)	PUNCT
ajeer-7479	169	66	1.44	1.44	NUM
ajeer-7479	169	67	1.33	1.33	NUM
ajeer-7479	169	68	1.13	1.13	NUM
ajeer-7479	169	69	1.40	1.40	NUM
ajeer-7479	169	70	1.87	1.87	NUM
ajeer-7479	169	71	1.29	1.29	NUM
ajeer-7479	169	72	0.86	0.86	NUM
ajeer-7479	169	73	0.57	0.57	NUM
ajeer-7479	169	74	0.41	0.41	NUM
ajeer-7479	169	75	0.37	0.37	NUM
ajeer-7479	169	76	listed	list	VERB
ajeer-7479	169	77	smes	sme	NOUN
ajeer-7479	169	78	profit	profit	NOUN
ajeer-7479	169	79	margin	margin	NOUN
ajeer-7479	169	80	-0.87	-0.87	NUM
ajeer-7479	169	81	-1.77	-1.77	NUM
ajeer-7479	169	82	-0.09	-0.09	NUM
ajeer-7479	169	83	-1.88	-1.88	NUM
ajeer-7479	169	84	-0.81	-0.81	NOUN
ajeer-7479	169	85	-0.83	-0.83	NOUN
ajeer-7479	169	86	-0.83	-0.83	NOUN
ajeer-7479	169	87	0.03	0.03	NUM
ajeer-7479	169	88	0.32	0.32	NUM
ajeer-7479	169	89	0.03	0.03	NUM
ajeer-7479	169	90	asian	asian	ADJ
ajeer-7479	169	91	journal	journal	NOUN
ajeer-7479	169	92	of	of	ADP
ajeer-7479	169	93	economics	economic	NOUN
ajeer-7479	169	94	and	and	CCONJ
ajeer-7479	169	95	empirical	empirical	ADJ
ajeer-7479	169	96	research	research	NOUN
ajeer-7479	169	97	,	,	PUNCT
ajeer-7479	169	98	2025	2025	NUM
ajeer-7479	169	99	,	,	PUNCT
ajeer-7479	169	100	12(2	12(2	NUM
ajeer-7479	169	101	):	):	PUNCT
ajeer-7479	169	102	113	113	NUM
ajeer-7479	169	103	-	-	SYM
ajeer-7479	169	104	123	123	NUM
ajeer-7479	169	105	119	119	NUM
ajeer-7479	169	106	©	©	PROPN
ajeer-7479	169	107	2025	2025	NUM
ajeer-7479	169	108	by	by	ADP
ajeer-7479	169	109	the	the	DET
ajeer-7479	169	110	authors	author	NOUN
ajeer-7479	169	111	;	;	PUNCT
ajeer-7479	169	112	licensee	licensee	PROPN
ajeer-7479	169	113	asian	asian	ADJ
ajeer-7479	169	114	online	online	PROPN
ajeer-7479	169	115	journal	journal	PROPN
ajeer-7479	169	116	publishing	publishing	NOUN
ajeer-7479	169	117	group	group	NOUN
ajeer-7479	169	118	skewness	skewness	NOUN
ajeer-7479	169	119	2023	2023	NUM
ajeer-7479	169	120	2022	2022	NUM
ajeer-7479	169	121	2021	2021	NUM
ajeer-7479	169	122	2020	2020	NUM
ajeer-7479	169	123	2019	2019	NUM
ajeer-7479	169	124	2018	2018	NUM
ajeer-7479	169	125	2017	2017	NUM
ajeer-7479	169	126	2016	2016	NUM
ajeer-7479	169	127	2015	2015	NUM
ajeer-7479	169	128	2014	2014	NUM
ajeer-7479	169	129	unlisted	unliste	VERB
ajeer-7479	169	130	smes	sme	NOUN
ajeer-7479	169	131	profit	profit	NOUN
ajeer-7479	169	132	margin	margin	NOUN
ajeer-7479	169	133	1.59	1.59	NUM
ajeer-7479	169	134	0.87	0.87	NUM
ajeer-7479	169	135	-0.67	-0.67	NUM
ajeer-7479	169	136	0.73	0.73	NUM
ajeer-7479	169	137	1.03	1.03	NUM
ajeer-7479	169	138	0.81	0.81	NUM
ajeer-7479	169	139	0.52	0.52	NUM
ajeer-7479	169	140	0.26	0.26	NUM
ajeer-7479	169	141	1.03	1.03	NUM
ajeer-7479	169	142	1.48	1.48	NUM
ajeer-7479	169	143	listed	list	VERB
ajeer-7479	169	144	smes	sme	NOUN
ajeer-7479	169	145	roa	roa	PROPN
ajeer-7479	169	146	%	%	NOUN
ajeer-7479	169	147	0.55	0.55	NUM
ajeer-7479	169	148	-0.73	-0.73	NUM
ajeer-7479	169	149	0.78	0.78	NUM
ajeer-7479	169	150	-1.07	-1.07	NUM
ajeer-7479	170	1	-1.39	-1.39	NOUN
ajeer-7479	171	1	-0.16	-0.16	INTJ
ajeer-7479	172	1	-0.16	-0.16	INTJ
ajeer-7479	172	2	-0.13	-0.13	NUM
ajeer-7479	172	3	0.69	0.69	NUM
ajeer-7479	172	4	-0.91	-0.91	NOUN
ajeer-7479	172	5	unlisted	unliste	VERB
ajeer-7479	172	6	smes	sme	NOUN
ajeer-7479	172	7	roa	roa	PROPN
ajeer-7479	172	8	%	%	NOUN
ajeer-7479	172	9	1.66	1.66	NUM
ajeer-7479	172	10	2.47	2.47	NUM
ajeer-7479	172	11	2.21	2.21	NUM
ajeer-7479	172	12	5.03	5.03	NUM
ajeer-7479	172	13	3.49	3.49	NUM
ajeer-7479	172	14	2.56	2.56	NUM
ajeer-7479	172	15	2.96	2.96	NUM
ajeer-7479	172	16	3.41	3.41	NUM
ajeer-7479	172	17	4.07	4.07	NUM
ajeer-7479	172	18	7.50	7.50	NUM
ajeer-7479	172	19	listed	list	VERB
ajeer-7479	172	20	smes	sme	NOUN
ajeer-7479	172	21	roe	roe	PROPN
ajeer-7479	172	22	%	%	NOUN
ajeer-7479	172	23	-0.51	-0.51	NOUN
ajeer-7479	172	24	1.03	1.03	NUM
ajeer-7479	172	25	0.87	0.87	NUM
ajeer-7479	172	26	-1.17	-1.17	NUM
ajeer-7479	172	27	-1.09	-1.09	PROPN
ajeer-7479	172	28	-0.67	-0.67	PROPN
ajeer-7479	172	29	0.23	0.23	NUM
ajeer-7479	172	30	-0.80	-0.80	NOUN
ajeer-7479	172	31	-0.09	-0.09	NUM
ajeer-7479	172	32	-1.47	-1.47	NUM
ajeer-7479	172	33	unlisted	unliste	VERB
ajeer-7479	172	34	smes	sme	NOUN
ajeer-7479	172	35	roe	roe	PROPN
ajeer-7479	172	36	%	%	NOUN
ajeer-7479	172	37	1.82	1.82	NUM
ajeer-7479	172	38	1.26	1.26	NUM
ajeer-7479	172	39	1.50	1.50	NUM
ajeer-7479	172	40	2.63	2.63	NUM
ajeer-7479	172	41	0.96	0.96	NUM
ajeer-7479	172	42	2.55	2.55	NUM
ajeer-7479	172	43	2.41	2.41	NUM
ajeer-7479	172	44	2.09	2.09	NUM
ajeer-7479	172	45	2.40	2.40	NUM
ajeer-7479	172	46	2.30	2.30	NUM
ajeer-7479	172	47	table	table	NOUN
ajeer-7479	172	48	6	6	NUM
ajeer-7479	172	49	presents	present	VERB
ajeer-7479	172	50	the	the	DET
ajeer-7479	172	51	solvency	solvency	NOUN
ajeer-7479	172	52	,	,	PUNCT
ajeer-7479	172	53	liquidity	liquidity	NOUN
ajeer-7479	172	54	,	,	PUNCT
ajeer-7479	172	55	profit	profit	NOUN
ajeer-7479	172	56	margin	margin	NOUN
ajeer-7479	172	57	,	,	PUNCT
ajeer-7479	172	58	roa	roa	PROPN
ajeer-7479	172	59	,	,	PUNCT
ajeer-7479	172	60	and	and	CCONJ
ajeer-7479	172	61	roe	roe	PROPN
ajeer-7479	172	62	skewness	skewness	NOUN
ajeer-7479	172	63	for	for	ADP
ajeer-7479	172	64	listed	list	VERB
ajeer-7479	172	65	and	and	CCONJ
ajeer-7479	172	66	unlisted	unlisted	ADJ
ajeer-7479	172	67	smes	sme	NOUN
ajeer-7479	172	68	from	from	ADP
ajeer-7479	172	69	2014	2014	NUM
ajeer-7479	172	70	to	to	ADP
ajeer-7479	172	71	2023	2023	NUM
ajeer-7479	172	72	.	.	PUNCT
ajeer-7479	173	1	the	the	DET
ajeer-7479	173	2	results	result	NOUN
ajeer-7479	173	3	show	show	VERB
ajeer-7479	173	4	that	that	SCONJ
ajeer-7479	173	5	listed	list	VERB
ajeer-7479	173	6	smes	sme	NOUN
ajeer-7479	173	7	with	with	ADP
ajeer-7479	173	8	values	value	NOUN
ajeer-7479	173	9	around	around	ADP
ajeer-7479	173	10	0.2	0.2	NUM
ajeer-7479	173	11	to	to	PART
ajeer-7479	173	12	0.8	0.8	NUM
ajeer-7479	173	13	are	be	AUX
ajeer-7479	173	14	slightly	slightly	ADV
ajeer-7479	173	15	positively	positively	ADV
ajeer-7479	173	16	skewed	skew	VERB
ajeer-7479	173	17	,	,	PUNCT
ajeer-7479	173	18	whereas	whereas	SCONJ
ajeer-7479	173	19	unlisted	unlisted	ADJ
ajeer-7479	173	20	smes	sme	NOUN
ajeer-7479	173	21	shift	shift	NOUN
ajeer-7479	173	22	between	between	ADP
ajeer-7479	173	23	slightly	slightly	ADV
ajeer-7479	173	24	positive	positive	ADJ
ajeer-7479	173	25	and	and	CCONJ
ajeer-7479	173	26	negative	negative	ADJ
ajeer-7479	173	27	skew	skew	NOUN
ajeer-7479	173	28	.	.	PUNCT
ajeer-7479	174	1	to	to	PART
ajeer-7479	174	2	ensure	ensure	VERB
ajeer-7479	174	3	the	the	DET
ajeer-7479	174	4	robustness	robustness	NOUN
ajeer-7479	174	5	of	of	ADP
ajeer-7479	174	6	our	our	PRON
ajeer-7479	174	7	t	t	NOUN
ajeer-7479	174	8	-	-	PUNCT
ajeer-7479	174	9	test	test	NOUN
ajeer-7479	174	10	,	,	PUNCT
ajeer-7479	174	11	we	we	PRON
ajeer-7479	174	12	used	use	VERB
ajeer-7479	174	13	the	the	DET
ajeer-7479	174	14	shapiro	shapiro	PROPN
ajeer-7479	174	15	-	-	PUNCT
ajeer-7479	174	16	wilk	wilk	NOUN
ajeer-7479	174	17	test	test	NOUN
ajeer-7479	174	18	to	to	PART
ajeer-7479	174	19	verify	verify	VERB
ajeer-7479	174	20	the	the	DET
ajeer-7479	174	21	assumption	assumption	NOUN
ajeer-7479	174	22	of	of	ADP
ajeer-7479	174	23	normality	normality	NOUN
ajeer-7479	174	24	for	for	SCONJ
ajeer-7479	174	25	the	the	DET
ajeer-7479	174	26	dataset	dataset	NOUN
ajeer-7479	174	27	being	be	AUX
ajeer-7479	174	28	analyzed	analyze	VERB
ajeer-7479	174	29	.	.	PUNCT
ajeer-7479	175	1	this	this	PRON
ajeer-7479	175	2	is	be	AUX
ajeer-7479	175	3	necessary	necessary	ADJ
ajeer-7479	175	4	because	because	SCONJ
ajeer-7479	175	5	the	the	DET
ajeer-7479	175	6	data	datum	NOUN
ajeer-7479	175	7	must	must	AUX
ajeer-7479	175	8	be	be	AUX
ajeer-7479	175	9	approximately	approximately	ADV
ajeer-7479	175	10	normally	normally	ADV
ajeer-7479	175	11	distributed	distribute	VERB
ajeer-7479	175	12	for	for	SCONJ
ajeer-7479	175	13	the	the	DET
ajeer-7479	175	14	results	result	NOUN
ajeer-7479	175	15	to	to	PART
ajeer-7479	175	16	be	be	AUX
ajeer-7479	175	17	valid	valid	ADJ
ajeer-7479	175	18	and	and	CCONJ
ajeer-7479	175	19	reliable	reliable	ADJ
ajeer-7479	175	20	.	.	PUNCT
ajeer-7479	175	21	table	table	NOUN
ajeer-7479	175	22	7	7	NUM
ajeer-7479	175	23	.	.	X
ajeer-7479	175	24	shapiro	shapiro	PROPN
ajeer-7479	175	25	–	–	PUNCT
ajeer-7479	175	26	wilk	wilk	NOUN
ajeer-7479	175	27	test	test	NOUN
ajeer-7479	175	28	.	.	PUNCT
ajeer-7479	176	1	w	w	NOUN
ajeer-7479	176	2	statistics	statistic	NOUN
ajeer-7479	176	3	p	p	ADJ
ajeer-7479	176	4	-	-	PUNCT
ajeer-7479	176	5	value	value	NOUN
ajeer-7479	176	6	ci	ci	NOUN
ajeer-7479	176	7	listed	list	VERB
ajeer-7479	176	8	smes	sme	NOUN
ajeer-7479	176	9	solvency	solvency	NOUN
ajeer-7479	176	10	(	(	PUNCT
ajeer-7479	176	11	x	x	X
ajeer-7479	176	12	)	)	PUNCT
ajeer-7479	176	13	0.92	0.92	NUM
ajeer-7479	176	14	0.334	0.334	NUM
ajeer-7479	176	15	95	95	NUM
ajeer-7479	176	16	%	%	NOUN
ajeer-7479	176	17	unlisted	unliste	VERB
ajeer-7479	176	18	smes	sme	NOUN
ajeer-7479	176	19	solvency	solvency	NOUN
ajeer-7479	176	20	(	(	PUNCT
ajeer-7479	176	21	x	x	X
ajeer-7479	176	22	)	)	PUNCT
ajeer-7479	176	23	0.076706	0.076706	NUM
ajeer-7479	176	24	*	*	SYM
ajeer-7479	176	25	0.005759	0.005759	NUM
ajeer-7479	176	26	*	*	SYM
ajeer-7479	176	27	95	95	NUM
ajeer-7479	176	28	%	%	NOUN
ajeer-7479	176	29	listed	list	VERB
ajeer-7479	176	30	smes	sme	NOUN
ajeer-7479	176	31	liquidity	liquidity	NOUN
ajeer-7479	176	32	(	(	PUNCT
ajeer-7479	176	33	x	x	X
ajeer-7479	176	34	)	)	PUNCT
ajeer-7479	176	35	0.909	0.909	NUM
ajeer-7479	176	36	0.274	0.274	NUM
ajeer-7479	176	37	95	95	NUM
ajeer-7479	176	38	%	%	NOUN
ajeer-7479	176	39	unlisted	unliste	VERB
ajeer-7479	176	40	smes	sme	NOUN
ajeer-7479	176	41	liquidity	liquidity	NOUN
ajeer-7479	176	42	(	(	PUNCT
ajeer-7479	176	43	x	x	X
ajeer-7479	176	44	)	)	PUNCT
ajeer-7479	176	45	0.969	0.969	NUM
ajeer-7479	176	46	0.879	0.879	NUM
ajeer-7479	176	47	95	95	NUM
ajeer-7479	176	48	%	%	NOUN
ajeer-7479	176	49	listed	list	VERB
ajeer-7479	176	50	smes	sme	NOUN
ajeer-7479	176	51	profit	profit	NOUN
ajeer-7479	176	52	margin	margin	NOUN
ajeer-7479	176	53	%	%	NOUN
ajeer-7479	176	54	0.9278	0.9278	NUM
ajeer-7479	176	55	0.466	0.466	NUM
ajeer-7479	176	56	95	95	NUM
ajeer-7479	176	57	%	%	NOUN
ajeer-7479	176	58	unlisted	unliste	VERB
ajeer-7479	176	59	smes	sme	NOUN
ajeer-7479	176	60	profit	profit	NOUN
ajeer-7479	176	61	margin	margin	NOUN
ajeer-7479	176	62	%	%	NOUN
ajeer-7479	176	63	0.969	0.969	NUM
ajeer-7479	176	64	0.879	0.879	NUM
ajeer-7479	176	65	95	95	NUM
ajeer-7479	176	66	%	%	NOUN
ajeer-7479	176	67	listed	list	VERB
ajeer-7479	176	68	smes	sme	NOUN
ajeer-7479	176	69	roa	roa	PROPN
ajeer-7479	176	70	%	%	NOUN
ajeer-7479	176	71	0.875	0.875	NUM
ajeer-7479	176	72	0.141	0.141	NUM
ajeer-7479	176	73	95	95	NUM
ajeer-7479	176	74	%	%	NOUN
ajeer-7479	176	75	unlisted	unliste	VERB
ajeer-7479	176	76	smes	sme	NOUN
ajeer-7479	176	77	roa	roa	PROPN
ajeer-7479	176	78	%	%	NOUN
ajeer-7479	176	79	0.939	0.939	NUM
ajeer-7479	176	80	0.537	0.537	NUM
ajeer-7479	176	81	95	95	NUM
ajeer-7479	176	82	%	%	NOUN
ajeer-7479	176	83	listed	list	VERB
ajeer-7479	176	84	smes	sme	NOUN
ajeer-7479	176	85	roe	roe	PROPN
ajeer-7479	176	86	%	%	NOUN
ajeer-7479	176	87	0.951	0.951	NUM
ajeer-7479	176	88	0.683	0.683	NUM
ajeer-7479	176	89	95	95	NUM
ajeer-7479	176	90	%	%	NOUN
ajeer-7479	176	91	unlisted	unliste	VERB
ajeer-7479	176	92	smes	sme	NOUN
ajeer-7479	176	93	roe	roe	PROPN
ajeer-7479	176	94	%	%	NOUN
ajeer-7479	176	95	0.858	0.858	NUM
ajeer-7479	176	96	0.072	0.072	NUM
ajeer-7479	176	97	95	95	NUM
ajeer-7479	176	98	%	%	NOUN
ajeer-7479	176	99	table	table	NOUN
ajeer-7479	176	100	7	7	NUM
ajeer-7479	176	101	presents	present	VERB
ajeer-7479	176	102	the	the	DET
ajeer-7479	176	103	solvency	solvency	NOUN
ajeer-7479	176	104	,	,	PUNCT
ajeer-7479	176	105	liquidity	liquidity	NOUN
ajeer-7479	176	106	,	,	PUNCT
ajeer-7479	176	107	profit	profit	NOUN
ajeer-7479	176	108	margin	margin	NOUN
ajeer-7479	176	109	,	,	PUNCT
ajeer-7479	176	110	roa	roa	PROPN
ajeer-7479	176	111	,	,	PUNCT
ajeer-7479	176	112	and	and	CCONJ
ajeer-7479	176	113	roe	roe	PROPN
ajeer-7479	176	114	shapiro	shapiro	PROPN
ajeer-7479	176	115	-	-	PUNCT
ajeer-7479	176	116	wilk	wilk	PROPN
ajeer-7479	176	117	test	test	NOUN
ajeer-7479	176	118	results	result	NOUN
ajeer-7479	176	119	for	for	ADP
ajeer-7479	176	120	listed	list	VERB
ajeer-7479	176	121	and	and	CCONJ
ajeer-7479	176	122	unlisted	unlisted	ADJ
ajeer-7479	176	123	smes	sme	NOUN
ajeer-7479	176	124	.	.	PUNCT
ajeer-7479	177	1	the	the	DET
ajeer-7479	177	2	results	result	NOUN
ajeer-7479	177	3	indicate	indicate	VERB
ajeer-7479	177	4	that	that	SCONJ
ajeer-7479	177	5	,	,	PUNCT
ajeer-7479	177	6	except	except	SCONJ
ajeer-7479	177	7	for	for	ADP
ajeer-7479	177	8	unlisted	unlisted	ADJ
ajeer-7479	177	9	smes	sme	NOUN
ajeer-7479	177	10	’	'	PUNCT
ajeer-7479	177	11	solvency	solvency	NOUN
ajeer-7479	177	12	,	,	PUNCT
ajeer-7479	177	13	which	which	PRON
ajeer-7479	177	14	deviated	deviate	VERB
ajeer-7479	177	15	significantly	significantly	ADV
ajeer-7479	177	16	from	from	ADP
ajeer-7479	177	17	a	a	DET
ajeer-7479	177	18	normal	normal	ADJ
ajeer-7479	177	19	distribution	distribution	NOUN
ajeer-7479	177	20	(	(	PUNCT
ajeer-7479	177	21	w	w	NOUN
ajeer-7479	177	22	=	=	SYM
ajeer-7479	177	23	0	0	NUM
ajeer-7479	177	24	;	;	PUNCT
ajeer-7479	177	25	p	p	X
ajeer-7479	177	26	<	<	X
ajeer-7479	177	27	0.05	0.05	NUM
ajeer-7479	177	28	)	)	PUNCT
ajeer-7479	177	29	,	,	PUNCT
ajeer-7479	177	30	the	the	DET
ajeer-7479	177	31	other	other	ADJ
ajeer-7479	177	32	metrics	metric	NOUN
ajeer-7479	177	33	produced	produce	VERB
ajeer-7479	177	34	a	a	DET
ajeer-7479	177	35	w	w	NOUN
ajeer-7479	177	36	value	value	NOUN
ajeer-7479	177	37	close	close	ADV
ajeer-7479	177	38	to	to	ADP
ajeer-7479	177	39	1	1	NUM
ajeer-7479	177	40	with	with	ADP
ajeer-7479	177	41	p	p	PROPN
ajeer-7479	177	42	>	>	X
ajeer-7479	177	43	0.05	0.05	NUM
ajeer-7479	177	44	,	,	PUNCT
ajeer-7479	177	45	suggesting	suggest	VERB
ajeer-7479	177	46	that	that	SCONJ
ajeer-7479	177	47	the	the	DET
ajeer-7479	177	48	dataset	dataset	NOUN
ajeer-7479	177	49	is	be	AUX
ajeer-7479	177	50	normally	normally	ADV
ajeer-7479	177	51	distributed	distribute	VERB
ajeer-7479	177	52	.	.	PUNCT
ajeer-7479	178	1	to	to	PART
ajeer-7479	178	2	further	far	ADV
ajeer-7479	178	3	visualize	visualize	VERB
ajeer-7479	178	4	the	the	DET
ajeer-7479	178	5	normality	normality	NOUN
ajeer-7479	178	6	of	of	ADP
ajeer-7479	178	7	the	the	DET
ajeer-7479	178	8	distribution	distribution	NOUN
ajeer-7479	178	9	,	,	PUNCT
ajeer-7479	178	10	a	a	DET
ajeer-7479	178	11	q	q	NOUN
ajeer-7479	178	12	–	–	PUNCT
ajeer-7479	178	13	q	q	NOUN
ajeer-7479	178	14	plot	plot	NOUN
ajeer-7479	178	15	was	be	AUX
ajeer-7479	178	16	generated	generate	VERB
ajeer-7479	178	17	using	use	VERB
ajeer-7479	178	18	the	the	DET
ajeer-7479	178	19	ggqqplot	ggqqplot	NOUN
ajeer-7479	178	20	(	(	PUNCT
ajeer-7479	178	21	)	)	PUNCT
ajeer-7479	178	22	function	function	NOUN
ajeer-7479	178	23	from	from	ADP
ajeer-7479	178	24	the	the	DET
ajeer-7479	178	25	ggpubr	ggpubr	NOUN
ajeer-7479	178	26	package	package	NOUN
ajeer-7479	178	27	in	in	ADP
ajeer-7479	178	28	r.	r.	PROPN
ajeer-7479	178	29	if	if	SCONJ
ajeer-7479	178	30	the	the	DET
ajeer-7479	178	31	points	point	NOUN
ajeer-7479	178	32	lie	lie	VERB
ajeer-7479	178	33	approximately	approximately	ADV
ajeer-7479	178	34	along	along	ADP
ajeer-7479	178	35	the	the	DET
ajeer-7479	178	36	45	45	NUM
ajeer-7479	178	37	-	-	PUNCT
ajeer-7479	178	38	degree	degree	NOUN
ajeer-7479	178	39	reference	reference	NOUN
ajeer-7479	178	40	line	line	NOUN
ajeer-7479	178	41	,	,	PUNCT
ajeer-7479	178	42	it	it	PRON
ajeer-7479	178	43	indicates	indicate	VERB
ajeer-7479	178	44	that	that	SCONJ
ajeer-7479	178	45	the	the	DET
ajeer-7479	178	46	metrics	metric	NOUN
ajeer-7479	178	47	are	be	AUX
ajeer-7479	178	48	likely	likely	ADV
ajeer-7479	178	49	normally	normally	ADV
ajeer-7479	178	50	distributed	distribute	VERB
ajeer-7479	178	51	.	.	PUNCT
ajeer-7479	179	1	asian	asian	ADJ
ajeer-7479	179	2	journal	journal	PROPN
ajeer-7479	179	3	of	of	ADP
ajeer-7479	179	4	economics	economic	NOUN
ajeer-7479	179	5	and	and	CCONJ
ajeer-7479	179	6	empirical	empirical	ADJ
ajeer-7479	179	7	research	research	NOUN
ajeer-7479	179	8	,	,	PUNCT
ajeer-7479	179	9	2025	2025	NUM
ajeer-7479	179	10	,	,	PUNCT
ajeer-7479	179	11	12(2	12(2	NUM
ajeer-7479	179	12	):	):	PUNCT
ajeer-7479	179	13	113	113	NUM
ajeer-7479	179	14	-	-	SYM
ajeer-7479	179	15	123	123	NUM
ajeer-7479	179	16	120	120	NUM
ajeer-7479	179	17	©	©	PROPN
ajeer-7479	179	18	2025	2025	NUM
ajeer-7479	179	19	by	by	ADP
ajeer-7479	179	20	the	the	DET
ajeer-7479	179	21	authors	author	NOUN
ajeer-7479	179	22	;	;	PUNCT
ajeer-7479	179	23	licensee	licensee	PROPN
ajeer-7479	179	24	asian	asian	ADJ
ajeer-7479	179	25	online	online	PROPN
ajeer-7479	179	26	journal	journal	PROPN
ajeer-7479	179	27	publishing	publishing	NOUN
ajeer-7479	179	28	group	group	NOUN
ajeer-7479	179	29	figure	figure	NOUN
ajeer-7479	179	30	2	2	NUM
ajeer-7479	179	31	.	.	PUNCT
ajeer-7479	180	1	distribution	distribution	NOUN
ajeer-7479	180	2	q	q	NOUN
ajeer-7479	180	3	-	-	PUNCT
ajeer-7479	180	4	q	q	NOUN
ajeer-7479	180	5	plot	plot	NOUN
ajeer-7479	180	6	.	.	PUNCT
ajeer-7479	181	1	figure	figure	NOUN
ajeer-7479	181	2	2	2	NUM
ajeer-7479	181	3	displays	display	NOUN
ajeer-7479	181	4	solvency	solvency	NOUN
ajeer-7479	181	5	,	,	PUNCT
ajeer-7479	181	6	liquidity	liquidity	NOUN
ajeer-7479	181	7	,	,	PUNCT
ajeer-7479	181	8	profit	profit	NOUN
ajeer-7479	181	9	margin	margin	NOUN
ajeer-7479	181	10	,	,	PUNCT
ajeer-7479	181	11	roa	roa	PROPN
ajeer-7479	181	12	,	,	PUNCT
ajeer-7479	181	13	and	and	CCONJ
ajeer-7479	181	14	roe	roe	NOUN
ajeer-7479	181	15	density	density	NOUN
ajeer-7479	181	16	distributions	distribution	NOUN
ajeer-7479	181	17	for	for	ADP
ajeer-7479	181	18	listed	list	VERB
ajeer-7479	181	19	and	and	CCONJ
ajeer-7479	181	20	unlisted	unlisted	ADJ
ajeer-7479	181	21	smes	sme	NOUN
ajeer-7479	181	22	.	.	PUNCT
ajeer-7479	182	1	this	this	PRON
ajeer-7479	182	2	reveals	reveal	VERB
ajeer-7479	182	3	that	that	SCONJ
ajeer-7479	182	4	,	,	PUNCT
ajeer-7479	182	5	unlike	unlike	ADP
ajeer-7479	182	6	unlisted	unlisted	ADJ
ajeer-7479	182	7	smes	sme	NOUN
ajeer-7479	182	8	’	'	PUNCT
ajeer-7479	182	9	solvability	solvability	NOUN
ajeer-7479	182	10	,	,	PUNCT
ajeer-7479	182	11	most	most	ADJ
ajeer-7479	182	12	other	other	ADJ
ajeer-7479	182	13	metrics	metric	NOUN
ajeer-7479	182	14	’	'	PUNCT
ajeer-7479	182	15	observations	observation	NOUN
ajeer-7479	182	16	are	be	AUX
ajeer-7479	182	17	clustered	cluster	VERB
ajeer-7479	182	18	around	around	ADP
ajeer-7479	182	19	the	the	DET
ajeer-7479	182	20	mean	mean	NOUN
ajeer-7479	182	21	with	with	ADP
ajeer-7479	182	22	fewer	few	ADJ
ajeer-7479	182	23	outliers	outlier	NOUN
ajeer-7479	182	24	,	,	PUNCT
ajeer-7479	182	25	which	which	PRON
ajeer-7479	182	26	suggests	suggest	VERB
ajeer-7479	182	27	normality	normality	NOUN
ajeer-7479	182	28	in	in	ADP
ajeer-7479	182	29	the	the	DET
ajeer-7479	182	30	dataset	dataset	NOUN
ajeer-7479	182	31	.	.	PUNCT
ajeer-7479	183	1	table	table	NOUN
ajeer-7479	183	2	8	8	NUM
ajeer-7479	183	3	.	.	PUNCT
ajeer-7479	183	4	unpaired	unpaired	ADJ
ajeer-7479	183	5	student	student	NOUN
ajeer-7479	183	6	's	's	PART
ajeer-7479	183	7	t	t	NOUN
ajeer-7479	183	8	-	-	PUNCT
ajeer-7479	183	9	test	test	NOUN
ajeer-7479	183	10	results	result	NOUN
ajeer-7479	183	11	.	.	PUNCT
ajeer-7479	184	1	t	t	NOUN
ajeer-7479	184	2	-	-	PUNCT
ajeer-7479	184	3	value	value	NOUN
ajeer-7479	184	4	critical	critical	ADJ
ajeer-7479	184	5	t	t	NOUN
ajeer-7479	184	6	-	-	PUNCT
ajeer-7479	184	7	value	value	NOUN
ajeer-7479	184	8	p	p	NOUN
ajeer-7479	184	9	-	-	PUNCT
ajeer-7479	184	10	value	value	NOUN
ajeer-7479	184	11	df	df	PROPN
ajeer-7479	184	12	ci	ci	PROPN
ajeer-7479	184	13	listed	list	VERB
ajeer-7479	184	14	smes	sme	NOUN
ajeer-7479	184	15	solvency	solvency	NOUN
ajeer-7479	184	16	unlisted	unliste	VERB
ajeer-7479	184	17	smes	sme	NOUN
ajeer-7479	184	18	solvency	solvency	NOUN
ajeer-7479	184	19	(	(	PUNCT
ajeer-7479	184	20	x	x	X
ajeer-7479	184	21	)	)	PUNCT
ajeer-7479	184	22	2.309	2.309	NUM
ajeer-7479	184	23	2.111	2.111	NUM
ajeer-7479	184	24	0.034	0.034	NUM
ajeer-7479	184	25	16.921	16.921	NUM
ajeer-7479	184	26	95	95	NUM
ajeer-7479	184	27	%	%	NOUN
ajeer-7479	184	28	listed	list	VERB
ajeer-7479	184	29	smes	sme	NOUN
ajeer-7479	184	30	liquidity	liquidity	PROPN
ajeer-7479	184	31	unlisted	unliste	VERB
ajeer-7479	184	32	smes	sme	NOUN
ajeer-7479	184	33	liquidity	liquidity	NOUN
ajeer-7479	184	34	(	(	PUNCT
ajeer-7479	184	35	x	x	X
ajeer-7479	184	36	)	)	PUNCT
ajeer-7479	184	37	3.967	3.967	NUM
ajeer-7479	184	38	2.237	2.237	NUM
ajeer-7479	184	39	0.002817	0.002817	NUM
ajeer-7479	184	40	9.707	9.707	NUM
ajeer-7479	184	41	95	95	NUM
ajeer-7479	184	42	%	%	NOUN
ajeer-7479	184	43	listed	list	VERB
ajeer-7479	184	44	smes	sme	NOUN
ajeer-7479	184	45	profit	profit	NOUN
ajeer-7479	184	46	margin	margin	NOUN
ajeer-7479	184	47	unlisted	unliste	VERB
ajeer-7479	184	48	smes	sme	NOUN
ajeer-7479	184	49	profit	profit	NOUN
ajeer-7479	184	50	margin	margin	NOUN
ajeer-7479	184	51	%	%	NOUN
ajeer-7479	184	52	-3.648	-3.648	NOUN
ajeer-7479	184	53	2.160	2.160	NUM
ajeer-7479	184	54	0.003	0.003	NUM
ajeer-7479	184	55	12.996	12.996	NUM
ajeer-7479	184	56	95	95	NUM
ajeer-7479	184	57	%	%	NOUN
ajeer-7479	184	58	listed	list	VERB
ajeer-7479	184	59	smes	sme	NOUN
ajeer-7479	184	60	roa	roa	PROPN
ajeer-7479	184	61	unlisted	unliste	VERB
ajeer-7479	184	62	smes	sme	NOUN
ajeer-7479	184	63	roa	roa	PROPN
ajeer-7479	184	64	%	%	NOUN
ajeer-7479	184	65	-7.9	-7.9	ADP
ajeer-7479	184	66	2.1	2.1	NUM
ajeer-7479	184	67	4.041e-07	4.041e-07	NUM
ajeer-7479	184	68	17.0	17.0	NUM
ajeer-7479	184	69	95	95	NUM
ajeer-7479	184	70	%	%	NOUN
ajeer-7479	184	71	listed	list	VERB
ajeer-7479	184	72	smes	sme	NOUN
ajeer-7479	184	73	roe	roe	PROPN
ajeer-7479	184	74	unlisted	unliste	VERB
ajeer-7479	184	75	smes	sme	NOUN
ajeer-7479	184	76	roe	roe	PROPN
ajeer-7479	184	77	%	%	NOUN
ajeer-7479	184	78	-6.1	-6.1	PROPN
ajeer-7479	184	79	2.2	2.2	NUM
ajeer-7479	184	80	6.957e-05	6.957e-05	NUM
ajeer-7479	184	81	11.2	11.2	NUM
ajeer-7479	184	82	95	95	NUM
ajeer-7479	184	83	%	%	NOUN
ajeer-7479	184	84	table	table	NOUN
ajeer-7479	184	85	8	8	NUM
ajeer-7479	184	86	presents	present	VERB
ajeer-7479	184	87	the	the	DET
ajeer-7479	184	88	solvency	solvency	NOUN
ajeer-7479	184	89	,	,	PUNCT
ajeer-7479	184	90	liquidity	liquidity	NOUN
ajeer-7479	184	91	,	,	PUNCT
ajeer-7479	184	92	profit	profit	NOUN
ajeer-7479	184	93	margin	margin	NOUN
ajeer-7479	184	94	,	,	PUNCT
ajeer-7479	184	95	roa	roa	PROPN
ajeer-7479	184	96	,	,	PUNCT
ajeer-7479	184	97	and	and	CCONJ
ajeer-7479	184	98	roe	roe	PROPN
ajeer-7479	184	99	t	t	PROPN
ajeer-7479	184	100	-	-	PUNCT
ajeer-7479	184	101	test	test	NOUN
ajeer-7479	184	102	results	result	NOUN
ajeer-7479	184	103	for	for	ADP
ajeer-7479	184	104	listed	list	VERB
ajeer-7479	184	105	and	and	CCONJ
ajeer-7479	184	106	unlisted	unlisted	ADJ
ajeer-7479	184	107	smes	sme	NOUN
ajeer-7479	184	108	.	.	PUNCT
ajeer-7479	185	1	the	the	DET
ajeer-7479	185	2	results	result	NOUN
ajeer-7479	185	3	indicate	indicate	VERB
ajeer-7479	185	4	that	that	SCONJ
ajeer-7479	185	5	all	all	DET
ajeer-7479	185	6	the	the	DET
ajeer-7479	185	7	absolute	absolute	ADJ
ajeer-7479	185	8	t	t	NOUN
ajeer-7479	185	9	-	-	PUNCT
ajeer-7479	185	10	values	value	NOUN
ajeer-7479	185	11	are	be	AUX
ajeer-7479	185	12	superior	superior	ADJ
ajeer-7479	185	13	to	to	ADP
ajeer-7479	185	14	critical	critical	ADJ
ajeer-7479	185	15	t	t	NOUN
ajeer-7479	185	16	-	-	PUNCT
ajeer-7479	185	17	values	value	NOUN
ajeer-7479	185	18	,	,	PUNCT
ajeer-7479	185	19	and	and	CCONJ
ajeer-7479	185	20	the	the	DET
ajeer-7479	185	21	p	p	NOUN
ajeer-7479	185	22	-	-	PUNCT
ajeer-7479	185	23	values	value	NOUN
ajeer-7479	185	24	are	be	AUX
ajeer-7479	185	25	statistically	statistically	ADV
ajeer-7479	185	26	significant	significant	ADJ
ajeer-7479	185	27	(	(	PUNCT
ajeer-7479	185	28	p	p	X
ajeer-7479	185	29	<	<	X
ajeer-7479	185	30	0.05	0.05	NUM
ajeer-7479	185	31	)	)	PUNCT
ajeer-7479	185	32	for	for	ADP
ajeer-7479	185	33	all	all	DET
ajeer-7479	185	34	the	the	DET
ajeer-7479	185	35	metrics	metric	NOUN
ajeer-7479	185	36	,	,	PUNCT
ajeer-7479	185	37	leading	lead	VERB
ajeer-7479	185	38	to	to	ADP
ajeer-7479	185	39	the	the	DET
ajeer-7479	185	40	rejection	rejection	NOUN
ajeer-7479	185	41	of	of	ADP
ajeer-7479	185	42	the	the	DET
ajeer-7479	185	43	null	null	ADJ
ajeer-7479	185	44	hypotheses	hypothesis	NOUN
ajeer-7479	185	45	(	(	PUNCT
ajeer-7479	185	46	h01	h01	NOUN
ajeer-7479	185	47	,	,	PUNCT
ajeer-7479	185	48	h02	h02	NOUN
ajeer-7479	185	49	,	,	PUNCT
ajeer-7479	185	50	h03	h03	NOUN
ajeer-7479	185	51	,	,	PUNCT
ajeer-7479	185	52	h04	h04	NOUN
ajeer-7479	185	53	,	,	PUNCT
ajeer-7479	185	54	and	and	CCONJ
ajeer-7479	185	55	h05	h05	NOUN
ajeer-7479	185	56	)	)	PUNCT
ajeer-7479	185	57	.	.	PUNCT
ajeer-7479	186	1	furthermore	furthermore	ADV
ajeer-7479	186	2	,	,	PUNCT
ajeer-7479	186	3	solvency	solvency	NOUN
ajeer-7479	186	4	and	and	CCONJ
ajeer-7479	186	5	liquidity	liquidity	NOUN
ajeer-7479	186	6	t	t	PROPN
ajeer-7479	186	7	-	-	PUNCT
ajeer-7479	186	8	values	value	NOUN
ajeer-7479	186	9	are	be	AUX
ajeer-7479	186	10	moderately	moderately	ADV
ajeer-7479	186	11	positive	positive	ADJ
ajeer-7479	186	12	;	;	PUNCT
ajeer-7479	186	13	meanwhile	meanwhile	ADV
ajeer-7479	186	14	,	,	PUNCT
ajeer-7479	186	15	profit	profit	NOUN
ajeer-7479	186	16	margin	margin	NOUN
ajeer-7479	186	17	,	,	PUNCT
ajeer-7479	186	18	roa	roa	PROPN
ajeer-7479	186	19	,	,	PUNCT
ajeer-7479	186	20	and	and	CCONJ
ajeer-7479	186	21	roe	roe	PROPN
ajeer-7479	186	22	t	t	PROPN
ajeer-7479	186	23	-	-	PUNCT
ajeer-7479	186	24	values	value	NOUN
ajeer-7479	186	25	are	be	AUX
ajeer-7479	186	26	considerably	considerably	ADV
ajeer-7479	186	27	negative	negative	ADJ
ajeer-7479	186	28	.	.	PUNCT
ajeer-7479	187	1	the	the	DET
ajeer-7479	187	2	t	t	PROPN
ajeer-7479	187	3	-	-	PUNCT
ajeer-7479	187	4	test	test	NOUN
ajeer-7479	187	5	results	result	NOUN
ajeer-7479	187	6	suggest	suggest	VERB
ajeer-7479	187	7	that	that	SCONJ
ajeer-7479	187	8	access	access	NOUN
ajeer-7479	187	9	to	to	ADP
ajeer-7479	187	10	the	the	DET
ajeer-7479	187	11	stock	stock	NOUN
ajeer-7479	187	12	market	market	NOUN
ajeer-7479	187	13	has	have	AUX
ajeer-7479	187	14	improved	improve	VERB
ajeer-7479	187	15	listed	list	VERB
ajeer-7479	187	16	smes	sme	NOUN
ajeer-7479	187	17	’	'	PUNCT
ajeer-7479	187	18	solvency	solvency	NOUN
ajeer-7479	187	19	and	and	CCONJ
ajeer-7479	187	20	liquidity	liquidity	NOUN
ajeer-7479	187	21	,	,	PUNCT
ajeer-7479	187	22	whereas	whereas	SCONJ
ajeer-7479	187	23	profitability	profitability	NOUN
ajeer-7479	187	24	has	have	AUX
ajeer-7479	187	25	significantly	significantly	ADV
ajeer-7479	187	26	declined	decline	VERB
ajeer-7479	187	27	.	.	PUNCT
ajeer-7479	188	1	without	without	ADP
ajeer-7479	188	2	taking	take	VERB
ajeer-7479	188	3	a	a	DET
ajeer-7479	188	4	definitive	definitive	ADJ
ajeer-7479	188	5	position	position	NOUN
ajeer-7479	188	6	on	on	ADP
ajeer-7479	188	7	whether	whether	SCONJ
ajeer-7479	188	8	access	access	NOUN
ajeer-7479	188	9	to	to	ADP
ajeer-7479	188	10	unregulated	unregulated	ADJ
ajeer-7479	188	11	stock	stock	NOUN
ajeer-7479	188	12	markets	market	NOUN
ajeer-7479	188	13	positively	positively	ADV
ajeer-7479	188	14	or	or	CCONJ
ajeer-7479	188	15	negatively	negatively	ADV
ajeer-7479	188	16	impacts	impact	VERB
ajeer-7479	188	17	smes	sme	NOUN
ajeer-7479	188	18	’	'	PUNCT
ajeer-7479	188	19	financial	financial	ADJ
ajeer-7479	188	20	performance	performance	NOUN
ajeer-7479	188	21	,	,	PUNCT
ajeer-7479	188	22	our	our	PRON
ajeer-7479	188	23	results	result	NOUN
ajeer-7479	188	24	align	align	VERB
ajeer-7479	188	25	with	with	ADP
ajeer-7479	188	26	existing	exist	VERB
ajeer-7479	188	27	literature	literature	NOUN
ajeer-7479	188	28	indicating	indicate	VERB
ajeer-7479	188	29	that	that	SCONJ
ajeer-7479	188	30	listed	list	VERB
ajeer-7479	188	31	smes	sme	NOUN
ajeer-7479	188	32	tend	tend	VERB
ajeer-7479	188	33	to	to	PART
ajeer-7479	188	34	report	report	VERB
ajeer-7479	188	35	improved	improved	ADJ
ajeer-7479	188	36	solvency	solvency	NOUN
ajeer-7479	188	37	and	and	CCONJ
ajeer-7479	188	38	liquidity	liquidity	NOUN
ajeer-7479	188	39	(	(	PUNCT
ajeer-7479	188	40	boccaletti	boccaletti	NOUN
ajeer-7479	188	41	et	et	PROPN
ajeer-7479	188	42	al	al	PROPN
ajeer-7479	188	43	.	.	PROPN
ajeer-7479	188	44	,	,	PUNCT
ajeer-7479	188	45	2025	2025	NUM
ajeer-7479	188	46	)	)	PUNCT
ajeer-7479	188	47	.	.	PUNCT
ajeer-7479	189	1	despite	despite	SCONJ
ajeer-7479	189	2	these	these	DET
ajeer-7479	189	3	benefits	benefit	NOUN
ajeer-7479	189	4	,	,	PUNCT
ajeer-7479	189	5	listed	list	VERB
ajeer-7479	189	6	smes	sme	NOUN
ajeer-7479	189	7	'	'	PART
ajeer-7479	189	8	financial	financial	ADJ
ajeer-7479	189	9	performance	performance	NOUN
ajeer-7479	189	10	can	can	AUX
ajeer-7479	189	11	be	be	AUX
ajeer-7479	189	12	affected	affect	VERB
ajeer-7479	189	13	by	by	ADP
ajeer-7479	189	14	factors	factor	NOUN
ajeer-7479	189	15	such	such	ADJ
ajeer-7479	189	16	as	as	ADP
ajeer-7479	189	17	equity	equity	NOUN
ajeer-7479	189	18	dilution	dilution	NOUN
ajeer-7479	189	19	and	and	CCONJ
ajeer-7479	189	20	heightened	heighten	VERB
ajeer-7479	189	21	compliance	compliance	NOUN
ajeer-7479	189	22	costs	cost	NOUN
ajeer-7479	189	23	,	,	PUNCT
ajeer-7479	189	24	which	which	PRON
ajeer-7479	189	25	can	can	AUX
ajeer-7479	189	26	reduce	reduce	VERB
ajeer-7479	189	27	profitability	profitability	NOUN
ajeer-7479	189	28	indicators	indicator	NOUN
ajeer-7479	189	29	such	such	ADJ
ajeer-7479	189	30	as	as	ADP
ajeer-7479	189	31	return	return	NOUN
ajeer-7479	189	32	on	on	ADP
ajeer-7479	189	33	assets	asset	NOUN
ajeer-7479	189	34	(	(	PUNCT
ajeer-7479	189	35	roa	roa	NOUN
ajeer-7479	189	36	)	)	PUNCT
ajeer-7479	189	37	and	and	CCONJ
ajeer-7479	189	38	return	return	VERB
ajeer-7479	189	39	on	on	ADP
ajeer-7479	189	40	equity	equity	NOUN
ajeer-7479	189	41	(	(	PUNCT
ajeer-7479	189	42	roe	roe	PROPN
ajeer-7479	189	43	)	)	PUNCT
ajeer-7479	189	44	(	(	PUNCT
ajeer-7479	189	45	pastusiak	pastusiak	PROPN
ajeer-7479	189	46	et	et	PROPN
ajeer-7479	189	47	al	al	PROPN
ajeer-7479	189	48	.	.	PROPN
ajeer-7479	189	49	,	,	PUNCT
ajeer-7479	189	50	2016	2016	NUM
ajeer-7479	189	51	)	)	PUNCT
ajeer-7479	189	52	.	.	PUNCT
ajeer-7479	190	1	in	in	ADP
ajeer-7479	190	2	the	the	DET
ajeer-7479	190	3	u.s	u.s	PROPN
ajeer-7479	190	4	.	.	PROPN
ajeer-7479	190	5	context	context	PROPN
ajeer-7479	190	6	,	,	PUNCT
ajeer-7479	190	7	mikkelson	mikkelson	PROPN
ajeer-7479	190	8	et	et	PROPN
ajeer-7479	190	9	al	al	PROPN
ajeer-7479	190	10	.	.	PROPN
ajeer-7479	191	1	(	(	PUNCT
ajeer-7479	191	2	1997	1997	NUM
ajeer-7479	191	3	)	)	PUNCT
ajeer-7479	191	4	found	find	VERB
ajeer-7479	191	5	that	that	SCONJ
ajeer-7479	191	6	many	many	ADJ
ajeer-7479	191	7	enterprises	enterprise	NOUN
ajeer-7479	191	8	experience	experience	VERB
ajeer-7479	191	9	a	a	DET
ajeer-7479	191	10	decline	decline	NOUN
ajeer-7479	191	11	in	in	ADP
ajeer-7479	191	12	profitability	profitability	NOUN
ajeer-7479	191	13	post	post	NOUN
ajeer-7479	191	14	-	-	NOUN
ajeer-7479	191	15	ipo	ipo	NOUN
ajeer-7479	191	16	despite	despite	SCONJ
ajeer-7479	191	17	robust	robust	ADJ
ajeer-7479	191	18	pre	pre	ADJ
ajeer-7479	191	19	-	-	ADJ
ajeer-7479	191	20	ipo	ipo	ADJ
ajeer-7479	191	21	growth	growth	NOUN
ajeer-7479	191	22	.	.	PUNCT
ajeer-7479	192	1	similarly	similarly	ADV
ajeer-7479	192	2	,	,	PUNCT
ajeer-7479	192	3	pagano	pagano	PROPN
ajeer-7479	192	4	et	et	PROPN
ajeer-7479	192	5	al	al	PROPN
ajeer-7479	192	6	.	.	PUNCT
ajeer-7479	193	1	(	(	PUNCT
ajeer-7479	193	2	1998	1998	NUM
ajeer-7479	193	3	)	)	PUNCT
ajeer-7479	193	4	observed	observe	VERB
ajeer-7479	193	5	that	that	SCONJ
ajeer-7479	193	6	listing	list	VERB
ajeer-7479	193	7	proceeds	proceed	NOUN
ajeer-7479	193	8	are	be	AUX
ajeer-7479	193	9	not	not	PART
ajeer-7479	193	10	always	always	ADV
ajeer-7479	193	11	immediately	immediately	ADV
ajeer-7479	193	12	reinvested	reinveste	VERB
ajeer-7479	193	13	into	into	ADP
ajeer-7479	193	14	operations	operation	NOUN
ajeer-7479	193	15	,	,	PUNCT
ajeer-7479	193	16	which	which	PRON
ajeer-7479	193	17	may	may	AUX
ajeer-7479	193	18	negatively	negatively	ADV
ajeer-7479	193	19	impact	impact	VERB
ajeer-7479	193	20	post	post	ADJ
ajeer-7479	193	21	-	-	ADJ
ajeer-7479	193	22	listing	list	VERB
ajeer-7479	193	23	financial	financial	ADJ
ajeer-7479	193	24	performance	performance	NOUN
ajeer-7479	193	25	.	.	PUNCT
ajeer-7479	194	1	on	on	ADP
ajeer-7479	194	2	a	a	DET
ajeer-7479	194	3	separate	separate	ADJ
ajeer-7479	194	4	note	note	NOUN
ajeer-7479	194	5	,	,	PUNCT
ajeer-7479	194	6	according	accord	VERB
ajeer-7479	194	7	to	to	ADP
ajeer-7479	194	8	lehmann	lehmann	PROPN
ajeer-7479	194	9	(	(	PUNCT
ajeer-7479	194	10	2023	2023	NUM
ajeer-7479	194	11	)	)	PUNCT
ajeer-7479	194	12	,	,	PUNCT
ajeer-7479	194	13	eu	eu	PROPN
ajeer-7479	194	14	enterprises	enterprise	NOUN
ajeer-7479	194	15	are	be	AUX
ajeer-7479	194	16	more	more	ADV
ajeer-7479	194	17	prone	prone	ADJ
ajeer-7479	194	18	to	to	ADP
ajeer-7479	194	19	listing	list	VERB
ajeer-7479	194	20	in	in	ADP
ajeer-7479	194	21	the	the	DET
ajeer-7479	194	22	us	us	PROPN
ajeer-7479	194	23	stock	stock	NOUN
ajeer-7479	194	24	markets	market	NOUN
ajeer-7479	194	25	than	than	ADP
ajeer-7479	194	26	in	in	ADP
ajeer-7479	194	27	europe	europe	PROPN
ajeer-7479	194	28	.	.	PUNCT
ajeer-7479	195	1	furthermore	furthermore	ADV
ajeer-7479	195	2	,	,	PUNCT
ajeer-7479	195	3	helbing	helbing	NOUN
ajeer-7479	195	4	,	,	PUNCT
ajeer-7479	195	5	lucey	lucey	PROPN
ajeer-7479	195	6	,	,	PUNCT
ajeer-7479	195	7	and	and	CCONJ
ajeer-7479	195	8	vigne	vigne	PROPN
ajeer-7479	195	9	(	(	PUNCT
ajeer-7479	195	10	2019	2019	NUM
ajeer-7479	195	11	)	)	PUNCT
ajeer-7479	195	12	in	in	ADP
ajeer-7479	195	13	their	their	PRON
ajeer-7479	195	14	investigation	investigation	NOUN
ajeer-7479	195	15	of	of	ADP
ajeer-7479	195	16	the	the	DET
ajeer-7479	195	17	determinants	determinant	NOUN
ajeer-7479	195	18	of	of	ADP
ajeer-7479	195	19	ipo	ipo	PROPN
ajeer-7479	195	20	withdrawal	withdrawal	NOUN
ajeer-7479	195	21	,	,	PUNCT
ajeer-7479	195	22	they	they	PRON
ajeer-7479	195	23	found	find	VERB
ajeer-7479	195	24	that	that	SCONJ
ajeer-7479	195	25	venture	venture	NOUN
ajeer-7479	195	26	capital	capital	NOUN
ajeer-7479	195	27	or	or	CCONJ
ajeer-7479	195	28	private	private	ADJ
ajeer-7479	195	29	equity	equity	NOUN
ajeer-7479	195	30	involvement	involvement	NOUN
ajeer-7479	195	31	,	,	PUNCT
ajeer-7479	195	32	the	the	DET
ajeer-7479	195	33	presence	presence	NOUN
ajeer-7479	195	34	of	of	ADP
ajeer-7479	195	35	negative	negative	ADJ
ajeer-7479	195	36	news	news	NOUN
ajeer-7479	195	37	,	,	PUNCT
ajeer-7479	195	38	ceo	ceo	NOUN
ajeer-7479	195	39	duality	duality	NOUN
ajeer-7479	195	40	,	,	PUNCT
ajeer-7479	195	41	or	or	CCONJ
ajeer-7479	195	42	the	the	DET
ajeer-7479	195	43	intent	intent	NOUN
ajeer-7479	195	44	to	to	PART
ajeer-7479	195	45	retire	retire	VERB
ajeer-7479	195	46	debt	debt	NOUN
ajeer-7479	195	47	increases	increase	VERB
ajeer-7479	195	48	the	the	DET
ajeer-7479	195	49	probability	probability	NOUN
ajeer-7479	195	50	of	of	ADP
ajeer-7479	195	51	ipo	ipo	PROPN
ajeer-7479	195	52	withdrawal	withdrawal	NOUN
ajeer-7479	195	53	.	.	PUNCT
ajeer-7479	196	1	in	in	ADP
ajeer-7479	196	2	a	a	DET
ajeer-7479	196	3	nutshell	nutshell	NOUN
ajeer-7479	196	4	,	,	PUNCT
ajeer-7479	196	5	these	these	DET
ajeer-7479	196	6	findings	finding	NOUN
ajeer-7479	196	7	highlight	highlight	VERB
ajeer-7479	196	8	asian	asian	ADJ
ajeer-7479	196	9	journal	journal	PROPN
ajeer-7479	196	10	of	of	ADP
ajeer-7479	196	11	economics	economic	NOUN
ajeer-7479	196	12	and	and	CCONJ
ajeer-7479	196	13	empirical	empirical	ADJ
ajeer-7479	196	14	research	research	NOUN
ajeer-7479	196	15	,	,	PUNCT
ajeer-7479	196	16	2025	2025	NUM
ajeer-7479	196	17	,	,	PUNCT
ajeer-7479	196	18	12(2	12(2	NUM
ajeer-7479	196	19	):	):	PUNCT
ajeer-7479	196	20	113	113	NUM
ajeer-7479	196	21	-	-	SYM
ajeer-7479	196	22	123	123	NUM
ajeer-7479	196	23	121	121	NUM
ajeer-7479	196	24	©	©	ADP
ajeer-7479	196	25	2025	2025	NUM
ajeer-7479	196	26	by	by	ADP
ajeer-7479	196	27	the	the	DET
ajeer-7479	196	28	authors	author	NOUN
ajeer-7479	196	29	;	;	PUNCT
ajeer-7479	196	30	licensee	licensee	PROPN
ajeer-7479	196	31	asian	asian	ADJ
ajeer-7479	196	32	online	online	PROPN
ajeer-7479	196	33	journal	journal	PROPN
ajeer-7479	196	34	publishing	publishing	NOUN
ajeer-7479	196	35	group	group	PROPN
ajeer-7479	196	36	a	a	DET
ajeer-7479	196	37	complex	complex	ADJ
ajeer-7479	196	38	relationship	relationship	NOUN
ajeer-7479	196	39	between	between	ADP
ajeer-7479	196	40	stock	stock	NOUN
ajeer-7479	196	41	market	market	NOUN
ajeer-7479	196	42	access	access	NOUN
ajeer-7479	196	43	and	and	CCONJ
ajeer-7479	196	44	sme	sme	ADJ
ajeer-7479	196	45	financial	financial	ADJ
ajeer-7479	196	46	performance	performance	NOUN
ajeer-7479	196	47	that	that	PRON
ajeer-7479	196	48	requires	require	VERB
ajeer-7479	196	49	further	further	ADJ
ajeer-7479	196	50	investigation	investigation	NOUN
ajeer-7479	196	51	.	.	PUNCT
ajeer-7479	197	1	this	this	DET
ajeer-7479	197	2	study	study	NOUN
ajeer-7479	197	3	has	have	VERB
ajeer-7479	197	4	some	some	DET
ajeer-7479	197	5	limitations	limitation	NOUN
ajeer-7479	197	6	.	.	PUNCT
ajeer-7479	198	1	the	the	DET
ajeer-7479	198	2	relatively	relatively	ADV
ajeer-7479	198	3	modest	modest	ADJ
ajeer-7479	198	4	sample	sample	NOUN
ajeer-7479	198	5	size	size	NOUN
ajeer-7479	198	6	may	may	AUX
ajeer-7479	198	7	constrain	constrain	VERB
ajeer-7479	198	8	broader	broad	ADJ
ajeer-7479	198	9	generalizability	generalizability	NOUN
ajeer-7479	198	10	of	of	ADP
ajeer-7479	198	11	the	the	DET
ajeer-7479	198	12	findings	finding	NOUN
ajeer-7479	198	13	.	.	PUNCT
ajeer-7479	199	1	additionally	additionally	ADV
ajeer-7479	199	2	,	,	PUNCT
ajeer-7479	199	3	the	the	DET
ajeer-7479	199	4	research	research	NOUN
ajeer-7479	199	5	did	do	AUX
ajeer-7479	199	6	not	not	PART
ajeer-7479	199	7	consider	consider	VERB
ajeer-7479	199	8	contextual	contextual	ADJ
ajeer-7479	199	9	factors	factor	NOUN
ajeer-7479	199	10	such	such	ADJ
ajeer-7479	199	11	as	as	ADP
ajeer-7479	199	12	sector	sector	NOUN
ajeer-7479	199	13	/	/	SYM
ajeer-7479	199	14	industry	industry	NOUN
ajeer-7479	199	15	,	,	PUNCT
ajeer-7479	199	16	market	market	NOUN
ajeer-7479	199	17	conditions	condition	NOUN
ajeer-7479	199	18	,	,	PUNCT
ajeer-7479	199	19	or	or	CCONJ
ajeer-7479	199	20	institutional	institutional	ADJ
ajeer-7479	199	21	support	support	NOUN
ajeer-7479	199	22	that	that	PRON
ajeer-7479	199	23	could	could	AUX
ajeer-7479	199	24	significantly	significantly	ADV
ajeer-7479	199	25	impact	impact	VERB
ajeer-7479	199	26	smes	sme	NOUN
ajeer-7479	199	27	'	'	PART
ajeer-7479	199	28	financial	financial	ADJ
ajeer-7479	199	29	performance	performance	NOUN
ajeer-7479	199	30	.	.	PUNCT
ajeer-7479	200	1	finally	finally	ADV
ajeer-7479	200	2	,	,	PUNCT
ajeer-7479	200	3	acquiring	acquire	VERB
ajeer-7479	200	4	sufficient	sufficient	ADJ
ajeer-7479	200	5	precise	precise	ADJ
ajeer-7479	200	6	financial	financial	ADJ
ajeer-7479	200	7	data	datum	NOUN
ajeer-7479	200	8	over	over	ADP
ajeer-7479	200	9	time	time	NOUN
ajeer-7479	200	10	,	,	PUNCT
ajeer-7479	200	11	particularly	particularly	ADV
ajeer-7479	200	12	for	for	ADP
ajeer-7479	200	13	unlisted	unlisted	ADJ
ajeer-7479	200	14	smes	sme	NOUN
ajeer-7479	200	15	,	,	PUNCT
ajeer-7479	200	16	remains	remain	VERB
ajeer-7479	200	17	difficult	difficult	ADJ
ajeer-7479	200	18	because	because	SCONJ
ajeer-7479	200	19	of	of	ADP
ajeer-7479	200	20	limited	limited	ADJ
ajeer-7479	200	21	reporting	reporting	NOUN
ajeer-7479	200	22	requirements	requirement	NOUN
ajeer-7479	200	23	and	and	CCONJ
ajeer-7479	200	24	differences	difference	NOUN
ajeer-7479	200	25	in	in	ADP
ajeer-7479	200	26	disclosure	disclosure	NOUN
ajeer-7479	200	27	practices	practice	NOUN
ajeer-7479	200	28	.	.	PUNCT
ajeer-7479	201	1	considering	consider	VERB
ajeer-7479	201	2	the	the	DET
ajeer-7479	201	3	critical	critical	ADJ
ajeer-7479	201	4	contribution	contribution	NOUN
ajeer-7479	201	5	of	of	ADP
ajeer-7479	201	6	smes	sme	NOUN
ajeer-7479	201	7	to	to	ADP
ajeer-7479	201	8	economic	economic	ADJ
ajeer-7479	201	9	growth	growth	NOUN
ajeer-7479	201	10	worldwide	worldwide	ADV
ajeer-7479	201	11	,	,	PUNCT
ajeer-7479	201	12	future	future	ADJ
ajeer-7479	201	13	research	research	NOUN
ajeer-7479	201	14	should	should	AUX
ajeer-7479	201	15	analyze	analyze	VERB
ajeer-7479	201	16	larger	large	ADJ
ajeer-7479	201	17	and	and	CCONJ
ajeer-7479	201	18	more	more	ADV
ajeer-7479	201	19	diverse	diverse	ADJ
ajeer-7479	201	20	samples	sample	NOUN
ajeer-7479	201	21	across	across	ADP
ajeer-7479	201	22	various	various	ADJ
ajeer-7479	201	23	industries	industry	NOUN
ajeer-7479	201	24	to	to	PART
ajeer-7479	201	25	better	well	ADV
ajeer-7479	201	26	capture	capture	VERB
ajeer-7479	201	27	the	the	DET
ajeer-7479	201	28	nuanced	nuanced	ADJ
ajeer-7479	201	29	financial	financial	ADJ
ajeer-7479	201	30	effects	effect	NOUN
ajeer-7479	201	31	of	of	ADP
ajeer-7479	201	32	listing	list	VERB
ajeer-7479	201	33	.	.	PUNCT
ajeer-7479	202	1	furthermore	furthermore	ADV
ajeer-7479	202	2	,	,	PUNCT
ajeer-7479	202	3	better	well	ADJ
ajeer-7479	202	4	availability	availability	NOUN
ajeer-7479	202	5	of	of	ADP
ajeer-7479	202	6	smes	sme	NOUN
ajeer-7479	202	7	’	'	PUNCT
ajeer-7479	202	8	financial	financial	ADJ
ajeer-7479	202	9	data	datum	NOUN
ajeer-7479	202	10	through	through	ADP
ajeer-7479	202	11	centralized	centralized	ADJ
ajeer-7479	202	12	databases	database	NOUN
ajeer-7479	202	13	or	or	CCONJ
ajeer-7479	202	14	enhanced	enhance	VERB
ajeer-7479	202	15	regulatory	regulatory	ADJ
ajeer-7479	202	16	disclosure	disclosure	NOUN
ajeer-7479	202	17	requirements	requirement	NOUN
ajeer-7479	202	18	could	could	AUX
ajeer-7479	202	19	significantly	significantly	ADV
ajeer-7479	202	20	improve	improve	VERB
ajeer-7479	202	21	the	the	DET
ajeer-7479	202	22	depth	depth	NOUN
ajeer-7479	202	23	of	of	ADP
ajeer-7479	202	24	future	future	ADJ
ajeer-7479	202	25	empirical	empirical	ADJ
ajeer-7479	202	26	studies	study	NOUN
ajeer-7479	202	27	.	.	PUNCT
ajeer-7479	203	1	5	5	X
ajeer-7479	203	2	.	.	X
ajeer-7479	203	3	conclusion	conclusion	NOUN
ajeer-7479	203	4	despite	despite	SCONJ
ajeer-7479	203	5	their	their	PRON
ajeer-7479	203	6	significant	significant	ADJ
ajeer-7479	203	7	contribution	contribution	NOUN
ajeer-7479	203	8	to	to	ADP
ajeer-7479	203	9	the	the	DET
ajeer-7479	203	10	global	global	ADJ
ajeer-7479	203	11	economy	economy	NOUN
ajeer-7479	203	12	,	,	PUNCT
ajeer-7479	203	13	smes	sme	NOUN
ajeer-7479	203	14	face	face	VERB
ajeer-7479	203	15	numerous	numerous	ADJ
ajeer-7479	203	16	obstacles	obstacle	NOUN
ajeer-7479	203	17	that	that	PRON
ajeer-7479	203	18	hinder	hinder	VERB
ajeer-7479	203	19	their	their	PRON
ajeer-7479	203	20	full	full	ADJ
ajeer-7479	203	21	potential	potential	NOUN
ajeer-7479	203	22	.	.	PUNCT
ajeer-7479	204	1	the	the	DET
ajeer-7479	204	2	difficulty	difficulty	NOUN
ajeer-7479	204	3	of	of	ADP
ajeer-7479	204	4	obtaining	obtain	VERB
ajeer-7479	204	5	sufficient	sufficient	ADJ
ajeer-7479	204	6	financial	financial	ADJ
ajeer-7479	204	7	resources	resource	NOUN
ajeer-7479	204	8	is	be	AUX
ajeer-7479	204	9	a	a	DET
ajeer-7479	204	10	substantial	substantial	ADJ
ajeer-7479	204	11	barrier	barrier	NOUN
ajeer-7479	204	12	to	to	ADP
ajeer-7479	204	13	their	their	PRON
ajeer-7479	204	14	development	development	NOUN
ajeer-7479	204	15	and	and	CCONJ
ajeer-7479	204	16	growth	growth	NOUN
ajeer-7479	204	17	.	.	PUNCT
ajeer-7479	205	1	as	as	ADP
ajeer-7479	205	2	an	an	DET
ajeer-7479	205	3	alternative	alternative	ADJ
ajeer-7479	205	4	solution	solution	NOUN
ajeer-7479	205	5	,	,	PUNCT
ajeer-7479	205	6	regulators	regulator	NOUN
ajeer-7479	205	7	and	and	CCONJ
ajeer-7479	205	8	policymakers	policymaker	NOUN
ajeer-7479	205	9	introduced	introduce	VERB
ajeer-7479	205	10	the	the	DET
ajeer-7479	205	11	unregulated	unregulated	ADJ
ajeer-7479	205	12	stock	stock	NOUN
ajeer-7479	205	13	market	market	NOUN
ajeer-7479	205	14	to	to	PART
ajeer-7479	205	15	facilitate	facilitate	VERB
ajeer-7479	205	16	smes	sme	NOUN
ajeer-7479	205	17	’	'	PUNCT
ajeer-7479	205	18	access	access	NOUN
ajeer-7479	205	19	to	to	ADP
ajeer-7479	205	20	equity	equity	NOUN
ajeer-7479	205	21	funds	fund	NOUN
ajeer-7479	205	22	.	.	PUNCT
ajeer-7479	206	1	with	with	ADP
ajeer-7479	206	2	the	the	DET
ajeer-7479	206	3	success	success	NOUN
ajeer-7479	206	4	and	and	CCONJ
ajeer-7479	206	5	controversy	controversy	NOUN
ajeer-7479	206	6	surrounding	surround	VERB
ajeer-7479	206	7	these	these	DET
ajeer-7479	206	8	stock	stock	NOUN
ajeer-7479	206	9	markets	market	NOUN
ajeer-7479	206	10	,	,	PUNCT
ajeer-7479	206	11	this	this	DET
ajeer-7479	206	12	paper	paper	NOUN
ajeer-7479	206	13	aims	aim	VERB
ajeer-7479	206	14	to	to	PART
ajeer-7479	206	15	assess	assess	VERB
ajeer-7479	206	16	whether	whether	SCONJ
ajeer-7479	206	17	listing	listing	NOUN
ajeer-7479	206	18	would	would	AUX
ajeer-7479	206	19	significantly	significantly	ADV
ajeer-7479	206	20	improve	improve	VERB
ajeer-7479	206	21	smes	sme	NOUN
ajeer-7479	206	22	’	'	PUNCT
ajeer-7479	206	23	financial	financial	ADJ
ajeer-7479	206	24	performance	performance	NOUN
ajeer-7479	206	25	by	by	ADP
ajeer-7479	206	26	examining	examine	VERB
ajeer-7479	206	27	and	and	CCONJ
ajeer-7479	206	28	comparing	compare	VERB
ajeer-7479	206	29	various	various	ADJ
ajeer-7479	206	30	financial	financial	ADJ
ajeer-7479	206	31	metrics	metric	NOUN
ajeer-7479	206	32	for	for	ADP
ajeer-7479	206	33	both	both	DET
ajeer-7479	206	34	listed	list	VERB
ajeer-7479	206	35	and	and	CCONJ
ajeer-7479	206	36	unlisted	unlisted	ADJ
ajeer-7479	206	37	smes	sme	NOUN
ajeer-7479	206	38	.	.	PUNCT
ajeer-7479	207	1	our	our	PRON
ajeer-7479	207	2	empirical	empirical	ADJ
ajeer-7479	207	3	results	result	NOUN
ajeer-7479	207	4	present	present	VERB
ajeer-7479	207	5	a	a	DET
ajeer-7479	207	6	nuanced	nuanced	ADJ
ajeer-7479	207	7	but	but	CCONJ
ajeer-7479	207	8	insightful	insightful	ADJ
ajeer-7479	207	9	view	view	NOUN
ajeer-7479	207	10	on	on	ADP
ajeer-7479	207	11	how	how	SCONJ
ajeer-7479	207	12	access	access	NOUN
ajeer-7479	207	13	to	to	ADP
ajeer-7479	207	14	unregulated	unregulated	ADJ
ajeer-7479	207	15	markets	market	NOUN
ajeer-7479	207	16	affects	affect	VERB
ajeer-7479	207	17	the	the	DET
ajeer-7479	207	18	financial	financial	ADJ
ajeer-7479	207	19	performance	performance	NOUN
ajeer-7479	207	20	of	of	ADP
ajeer-7479	207	21	smes	sme	NOUN
ajeer-7479	207	22	.	.	PUNCT
ajeer-7479	208	1	compared	compare	VERB
ajeer-7479	208	2	to	to	ADP
ajeer-7479	208	3	unlisted	unlisted	ADJ
ajeer-7479	208	4	smes	sme	NOUN
ajeer-7479	208	5	,	,	PUNCT
ajeer-7479	208	6	while	while	SCONJ
ajeer-7479	208	7	listed	list	VERB
ajeer-7479	208	8	smes	sme	NOUN
ajeer-7479	208	9	’	'	PUNCT
ajeer-7479	208	10	liquidity	liquidity	NOUN
ajeer-7479	208	11	and	and	CCONJ
ajeer-7479	208	12	solvability	solvability	NOUN
ajeer-7479	208	13	have	have	AUX
ajeer-7479	208	14	improved	improve	VERB
ajeer-7479	208	15	,	,	PUNCT
ajeer-7479	208	16	profitability	profitability	NOUN
ajeer-7479	208	17	indicators	indicator	NOUN
ajeer-7479	208	18	exhibit	exhibit	VERB
ajeer-7479	208	19	a	a	DET
ajeer-7479	208	20	significant	significant	ADJ
ajeer-7479	208	21	decline	decline	NOUN
ajeer-7479	208	22	.	.	PUNCT
ajeer-7479	209	1	our	our	PRON
ajeer-7479	209	2	paper	paper	NOUN
ajeer-7479	209	3	contributes	contribute	VERB
ajeer-7479	209	4	to	to	ADP
ajeer-7479	209	5	the	the	DET
ajeer-7479	209	6	literature	literature	NOUN
ajeer-7479	209	7	on	on	ADP
ajeer-7479	209	8	smes	sme	NOUN
ajeer-7479	209	9	issues	issue	NOUN
ajeer-7479	209	10	and	and	CCONJ
ajeer-7479	209	11	prospects	prospect	NOUN
ajeer-7479	209	12	by	by	ADP
ajeer-7479	209	13	providing	provide	VERB
ajeer-7479	209	14	empirical	empirical	ADJ
ajeer-7479	209	15	evidence	evidence	NOUN
ajeer-7479	209	16	from	from	ADP
ajeer-7479	209	17	the	the	DET
ajeer-7479	209	18	eu	eu	PROPN
ajeer-7479	209	19	context	context	NOUN
ajeer-7479	209	20	.	.	PUNCT
ajeer-7479	210	1	although	although	SCONJ
ajeer-7479	210	2	most	most	ADJ
ajeer-7479	210	3	of	of	ADP
ajeer-7479	210	4	the	the	DET
ajeer-7479	210	5	existing	exist	VERB
ajeer-7479	210	6	literature	literature	NOUN
ajeer-7479	210	7	focuses	focus	VERB
ajeer-7479	210	8	on	on	ADP
ajeer-7479	210	9	large	large	ADJ
ajeer-7479	210	10	enterprises	enterprise	NOUN
ajeer-7479	210	11	in	in	ADP
ajeer-7479	210	12	non	non	ADJ
ajeer-7479	210	13	-	-	ADJ
ajeer-7479	210	14	european	european	ADJ
ajeer-7479	210	15	markets	market	NOUN
ajeer-7479	210	16	,	,	PUNCT
ajeer-7479	210	17	particularly	particularly	ADV
ajeer-7479	210	18	the	the	DET
ajeer-7479	210	19	us	us	PROPN
ajeer-7479	210	20	,	,	PUNCT
ajeer-7479	210	21	this	this	DET
ajeer-7479	210	22	paper	paper	NOUN
ajeer-7479	210	23	fills	fill	VERB
ajeer-7479	210	24	an	an	DET
ajeer-7479	210	25	important	important	ADJ
ajeer-7479	210	26	gap	gap	NOUN
ajeer-7479	210	27	by	by	ADP
ajeer-7479	210	28	providing	provide	VERB
ajeer-7479	210	29	an	an	DET
ajeer-7479	210	30	analysis	analysis	NOUN
ajeer-7479	210	31	of	of	ADP
ajeer-7479	210	32	the	the	DET
ajeer-7479	210	33	differences	difference	NOUN
ajeer-7479	210	34	in	in	ADP
ajeer-7479	210	35	financial	financial	ADJ
ajeer-7479	210	36	performance	performance	NOUN
ajeer-7479	210	37	between	between	ADP
ajeer-7479	210	38	listed	list	VERB
ajeer-7479	210	39	and	and	CCONJ
ajeer-7479	210	40	unlisted	unliste	VERB
ajeer-7479	210	41	eu	eu	PROPN
ajeer-7479	210	42	smes	sme	NOUN
ajeer-7479	210	43	.	.	PUNCT
ajeer-7479	211	1	it	it	PRON
ajeer-7479	211	2	offers	offer	VERB
ajeer-7479	211	3	insights	insight	NOUN
ajeer-7479	211	4	into	into	ADP
ajeer-7479	211	5	how	how	SCONJ
ajeer-7479	211	6	unregulated	unregulated	ADJ
ajeer-7479	211	7	stock	stock	NOUN
ajeer-7479	211	8	markets	market	NOUN
ajeer-7479	211	9	such	such	ADJ
ajeer-7479	211	10	as	as	ADP
ajeer-7479	211	11	euronext	euronext	PROPN
ajeer-7479	211	12	growth	growth	NOUN
ajeer-7479	211	13	,	,	PUNCT
ajeer-7479	211	14	euronext	euronext	NOUN
ajeer-7479	211	15	access	access	NOUN
ajeer-7479	211	16	,	,	PUNCT
ajeer-7479	211	17	and	and	CCONJ
ajeer-7479	211	18	aim	aim	VERB
ajeer-7479	211	19	access	access	NOUN
ajeer-7479	211	20	may	may	AUX
ajeer-7479	211	21	impact	impact	VERB
ajeer-7479	211	22	financial	financial	ADJ
ajeer-7479	211	23	indicators	indicator	NOUN
ajeer-7479	211	24	such	such	ADJ
ajeer-7479	211	25	as	as	ADP
ajeer-7479	211	26	solvency	solvency	NOUN
ajeer-7479	211	27	,	,	PUNCT
ajeer-7479	211	28	liquidity	liquidity	NOUN
ajeer-7479	211	29	,	,	PUNCT
ajeer-7479	211	30	profit	profit	NOUN
ajeer-7479	211	31	margin	margin	NOUN
ajeer-7479	211	32	,	,	PUNCT
ajeer-7479	211	33	roa	roa	PROPN
ajeer-7479	211	34	,	,	PUNCT
ajeer-7479	211	35	and	and	CCONJ
ajeer-7479	211	36	roe	roe	NOUN
ajeer-7479	211	37	.	.	PUNCT
ajeer-7479	212	1	our	our	PRON
ajeer-7479	212	2	findings	finding	NOUN
ajeer-7479	212	3	suggest	suggest	VERB
ajeer-7479	212	4	that	that	SCONJ
ajeer-7479	212	5	although	although	SCONJ
ajeer-7479	212	6	listing	listing	NOUN
ajeer-7479	212	7	may	may	AUX
ajeer-7479	212	8	enhance	enhance	VERB
ajeer-7479	212	9	liquidity	liquidity	NOUN
ajeer-7479	212	10	and	and	CCONJ
ajeer-7479	212	11	solvency	solvency	NOUN
ajeer-7479	212	12	,	,	PUNCT
ajeer-7479	212	13	it	it	PRON
ajeer-7479	212	14	can	can	AUX
ajeer-7479	212	15	also	also	ADV
ajeer-7479	212	16	impair	impair	VERB
ajeer-7479	212	17	smes	sme	NOUN
ajeer-7479	212	18	'	'	PART
ajeer-7479	212	19	profitability	profitability	NOUN
ajeer-7479	212	20	.	.	PUNCT
ajeer-7479	213	1	these	these	DET
ajeer-7479	213	2	insights	insight	NOUN
ajeer-7479	213	3	are	be	AUX
ajeer-7479	213	4	particularly	particularly	ADV
ajeer-7479	213	5	relevant	relevant	ADJ
ajeer-7479	213	6	in	in	ADP
ajeer-7479	213	7	light	light	NOUN
ajeer-7479	213	8	of	of	ADP
ajeer-7479	213	9	the	the	DET
ajeer-7479	213	10	eu	eu	PROPN
ajeer-7479	213	11	’s	’s	PART
ajeer-7479	213	12	initiative	initiative	NOUN
ajeer-7479	213	13	to	to	PART
ajeer-7479	213	14	facilitate	facilitate	VERB
ajeer-7479	213	15	smes	sme	NOUN
ajeer-7479	213	16	’	'	PUNCT
ajeer-7479	213	17	access	access	NOUN
ajeer-7479	213	18	to	to	ADP
ajeer-7479	213	19	financing	finance	VERB
ajeer-7479	213	20	through	through	ADP
ajeer-7479	213	21	stock	stock	NOUN
ajeer-7479	213	22	markets	market	NOUN
ajeer-7479	213	23	.	.	PUNCT
ajeer-7479	214	1	therefore	therefore	ADV
ajeer-7479	214	2	,	,	PUNCT
ajeer-7479	214	3	eu	eu	PROPN
ajeer-7479	214	4	policymakers	policymaker	NOUN
ajeer-7479	214	5	should	should	AUX
ajeer-7479	214	6	reconsider	reconsider	VERB
ajeer-7479	214	7	their	their	PRON
ajeer-7479	214	8	approaches	approach	NOUN
ajeer-7479	214	9	to	to	ADP
ajeer-7479	214	10	alleviating	alleviate	VERB
ajeer-7479	214	11	smes	sme	NOUN
ajeer-7479	214	12	'	'	PART
ajeer-7479	214	13	financing	financing	NOUN
ajeer-7479	214	14	challenges	challenge	NOUN
ajeer-7479	214	15	.	.	PUNCT
ajeer-7479	215	1	evidence	evidence	NOUN
ajeer-7479	215	2	indicates	indicate	VERB
ajeer-7479	215	3	that	that	SCONJ
ajeer-7479	215	4	government	government	NOUN
ajeer-7479	215	5	interventions	intervention	NOUN
ajeer-7479	215	6	,	,	PUNCT
ajeer-7479	215	7	such	such	ADJ
ajeer-7479	215	8	as	as	ADP
ajeer-7479	215	9	direct	direct	ADJ
ajeer-7479	215	10	subsidies	subsidy	NOUN
ajeer-7479	215	11	,	,	PUNCT
ajeer-7479	215	12	can	can	AUX
ajeer-7479	215	13	encourage	encourage	VERB
ajeer-7479	215	14	smes	sme	NOUN
ajeer-7479	215	15	to	to	PART
ajeer-7479	215	16	scale	scale	VERB
ajeer-7479	215	17	their	their	PRON
ajeer-7479	215	18	operations	operation	NOUN
ajeer-7479	215	19	,	,	PUNCT
ajeer-7479	215	20	invest	invest	VERB
ajeer-7479	215	21	in	in	ADP
ajeer-7479	215	22	product	product	NOUN
ajeer-7479	215	23	improvements	improvement	NOUN
ajeer-7479	215	24	,	,	PUNCT
ajeer-7479	215	25	and	and	CCONJ
ajeer-7479	215	26	adopt	adopt	VERB
ajeer-7479	215	27	modern	modern	ADJ
ajeer-7479	215	28	technologies	technology	NOUN
ajeer-7479	215	29	(	(	PUNCT
ajeer-7479	215	30	wehinger	wehinger	NOUN
ajeer-7479	215	31	&	&	CCONJ
ajeer-7479	215	32	nassr	nassr	PROPN
ajeer-7479	215	33	,	,	PUNCT
ajeer-7479	215	34	2016	2016	NUM
ajeer-7479	215	35	)	)	PUNCT
ajeer-7479	215	36	.	.	PUNCT
ajeer-7479	216	1	these	these	DET
ajeer-7479	216	2	incentive	incentive	NOUN
ajeer-7479	216	3	effects	effect	NOUN
ajeer-7479	216	4	help	help	VERB
ajeer-7479	216	5	build	build	VERB
ajeer-7479	216	6	long	long	ADJ
ajeer-7479	216	7	-	-	PUNCT
ajeer-7479	216	8	term	term	NOUN
ajeer-7479	216	9	financial	financial	ADJ
ajeer-7479	216	10	resilience	resilience	NOUN
ajeer-7479	216	11	.	.	PUNCT
ajeer-7479	217	1	additionally	additionally	ADV
ajeer-7479	217	2	,	,	PUNCT
ajeer-7479	217	3	capital	capital	NOUN
ajeer-7479	217	4	structure	structure	NOUN
ajeer-7479	217	5	theory	theory	NOUN
ajeer-7479	217	6	,	,	PUNCT
ajeer-7479	217	7	as	as	SCONJ
ajeer-7479	217	8	developed	develop	VERB
ajeer-7479	217	9	by	by	ADP
ajeer-7479	217	10	modigliani	modigliani	PROPN
ajeer-7479	217	11	and	and	CCONJ
ajeer-7479	217	12	miller	miller	PROPN
ajeer-7479	217	13	(	(	PUNCT
ajeer-7479	217	14	1958	1958	NUM
ajeer-7479	217	15	)	)	PUNCT
ajeer-7479	217	16	and	and	CCONJ
ajeer-7479	217	17	modigliani	modigliani	PROPN
ajeer-7479	217	18	and	and	CCONJ
ajeer-7479	217	19	miller	miller	PROPN
ajeer-7479	217	20	(	(	PUNCT
ajeer-7479	217	21	1963	1963	NUM
ajeer-7479	217	22	)	)	PUNCT
ajeer-7479	217	23	,	,	PUNCT
ajeer-7479	217	24	highlights	highlight	VERB
ajeer-7479	217	25	the	the	DET
ajeer-7479	217	26	preference	preference	NOUN
ajeer-7479	217	27	for	for	ADP
ajeer-7479	217	28	debt	debt	NOUN
ajeer-7479	217	29	over	over	ADP
ajeer-7479	217	30	equity	equity	NOUN
ajeer-7479	217	31	due	due	ADP
ajeer-7479	217	32	to	to	ADP
ajeer-7479	217	33	tax	tax	NOUN
ajeer-7479	217	34	advantages	advantage	NOUN
ajeer-7479	217	35	and	and	CCONJ
ajeer-7479	217	36	reduced	reduce	VERB
ajeer-7479	217	37	short	short	ADJ
ajeer-7479	217	38	-	-	PUNCT
ajeer-7479	217	39	term	term	NOUN
ajeer-7479	217	40	risk	risk	NOUN
ajeer-7479	217	41	.	.	PUNCT
ajeer-7479	218	1	however	however	ADV
ajeer-7479	218	2	,	,	PUNCT
ajeer-7479	218	3	overdependence	overdependence	NOUN
ajeer-7479	218	4	on	on	ADP
ajeer-7479	218	5	debt	debt	NOUN
ajeer-7479	218	6	can	can	AUX
ajeer-7479	218	7	increase	increase	VERB
ajeer-7479	218	8	enterprises	enterprise	NOUN
ajeer-7479	218	9	'	'	PART
ajeer-7479	218	10	weighted	weight	VERB
ajeer-7479	218	11	average	average	ADJ
ajeer-7479	218	12	cost	cost	NOUN
ajeer-7479	218	13	of	of	ADP
ajeer-7479	218	14	capital	capital	NOUN
ajeer-7479	218	15	(	(	PUNCT
ajeer-7479	218	16	wacc	wacc	PROPN
ajeer-7479	218	17	)	)	PUNCT
ajeer-7479	218	18	,	,	PUNCT
ajeer-7479	218	19	ultimately	ultimately	ADV
ajeer-7479	218	20	necessitating	necessitate	VERB
ajeer-7479	218	21	a	a	DET
ajeer-7479	218	22	more	more	ADV
ajeer-7479	218	23	balanced	balanced	ADJ
ajeer-7479	218	24	and	and	CCONJ
ajeer-7479	218	25	mixed	mixed	ADJ
ajeer-7479	218	26	financing	financing	NOUN
ajeer-7479	218	27	sources	source	NOUN
ajeer-7479	218	28	(	(	PUNCT
ajeer-7479	218	29	tarver	tarver	PROPN
ajeer-7479	218	30	,	,	PUNCT
ajeer-7479	218	31	2022	2022	NUM
ajeer-7479	218	32	)	)	PUNCT
ajeer-7479	218	33	.	.	PUNCT
ajeer-7479	219	1	to	to	PART
ajeer-7479	219	2	address	address	VERB
ajeer-7479	219	3	the	the	DET
ajeer-7479	219	4	ongoing	ongoing	ADJ
ajeer-7479	219	5	decline	decline	NOUN
ajeer-7479	219	6	in	in	ADP
ajeer-7479	219	7	ipos	ipos	NOUN
ajeer-7479	219	8	and	and	CCONJ
ajeer-7479	219	9	the	the	DET
ajeer-7479	219	10	rising	rise	VERB
ajeer-7479	219	11	smes	sme	NOUN
ajeer-7479	219	12	’	'	PUNCT
ajeer-7479	219	13	delisting	delisting	NOUN
ajeer-7479	219	14	rate	rate	NOUN
ajeer-7479	219	15	,	,	PUNCT
ajeer-7479	219	16	a	a	DET
ajeer-7479	219	17	broader	broad	ADJ
ajeer-7479	219	18	and	and	CCONJ
ajeer-7479	219	19	more	more	ADV
ajeer-7479	219	20	diversified	diversify	VERB
ajeer-7479	219	21	financing	financing	NOUN
ajeer-7479	219	22	ecosystem	ecosystem	NOUN
ajeer-7479	219	23	is	be	AUX
ajeer-7479	219	24	needed	need	VERB
ajeer-7479	219	25	;	;	PUNCT
ajeer-7479	219	26	a	a	DET
ajeer-7479	219	27	solution	solution	NOUN
ajeer-7479	219	28	that	that	PRON
ajeer-7479	219	29	goes	go	VERB
ajeer-7479	219	30	beyond	beyond	ADP
ajeer-7479	219	31	the	the	DET
ajeer-7479	219	32	creation	creation	NOUN
ajeer-7479	219	33	of	of	ADP
ajeer-7479	219	34	unregulated	unregulated	ADJ
ajeer-7479	219	35	stock	stock	NOUN
ajeer-7479	219	36	exchanges	exchange	NOUN
ajeer-7479	219	37	.	.	PUNCT
ajeer-7479	220	1	instruments	instrument	NOUN
ajeer-7479	220	2	such	such	ADJ
ajeer-7479	220	3	as	as	ADP
ajeer-7479	220	4	eu	eu	NOUN
ajeer-7479	220	5	-	-	ADJ
ajeer-7479	220	6	level	level	ADJ
ajeer-7479	220	7	funding	funding	NOUN
ajeer-7479	220	8	schemes	scheme	NOUN
ajeer-7479	220	9	,	,	PUNCT
ajeer-7479	220	10	innovation	innovation	NOUN
ajeer-7479	220	11	-	-	PUNCT
ajeer-7479	220	12	focused	focus	VERB
ajeer-7479	220	13	grants	grant	NOUN
ajeer-7479	220	14	,	,	PUNCT
ajeer-7479	220	15	and	and	CCONJ
ajeer-7479	220	16	strategic	strategic	ADJ
ajeer-7479	220	17	subsidies	subsidy	NOUN
ajeer-7479	220	18	could	could	AUX
ajeer-7479	220	19	help	help	VERB
ajeer-7479	220	20	mobilize	mobilize	VERB
ajeer-7479	220	21	private	private	ADJ
ajeer-7479	220	22	investment	investment	NOUN
ajeer-7479	220	23	.	.	PUNCT
ajeer-7479	221	1	complementary	complementary	ADJ
ajeer-7479	221	2	services	service	NOUN
ajeer-7479	221	3	such	such	ADJ
ajeer-7479	221	4	as	as	ADP
ajeer-7479	221	5	post	post	ADJ
ajeer-7479	221	6	-	-	ADJ
ajeer-7479	221	7	ipo	ipo	ADJ
ajeer-7479	221	8	advisory	advisory	ADJ
ajeer-7479	221	9	programs	program	NOUN
ajeer-7479	221	10	could	could	AUX
ajeer-7479	221	11	further	far	ADV
ajeer-7479	221	12	support	support	VERB
ajeer-7479	221	13	smes	sme	NOUN
ajeer-7479	221	14	’	'	PUNCT
ajeer-7479	221	15	post	post	ADJ
ajeer-7479	221	16	-	-	ADJ
ajeer-7479	221	17	ipo	ipo	ADJ
ajeer-7479	221	18	financial	financial	ADJ
ajeer-7479	221	19	performance	performance	NOUN
ajeer-7479	221	20	and	and	CCONJ
ajeer-7479	221	21	lower	low	ADJ
ajeer-7479	221	22	the	the	DET
ajeer-7479	221	23	risk	risk	NOUN
ajeer-7479	221	24	of	of	ADP
ajeer-7479	221	25	delisting	delist	VERB
ajeer-7479	221	26	.	.	PUNCT
ajeer-7479	222	1	according	accord	VERB
ajeer-7479	222	2	to	to	ADP
ajeer-7479	222	3	the	the	DET
ajeer-7479	222	4	european	european	PROPN
ajeer-7479	222	5	commission	commission	PROPN
ajeer-7479	222	6	(	(	PUNCT
ajeer-7479	222	7	2021	2021	NUM
ajeer-7479	222	8	)	)	PUNCT
ajeer-7479	222	9	,	,	PUNCT
ajeer-7479	222	10	just	just	ADV
ajeer-7479	222	11	23	23	NUM
ajeer-7479	222	12	%	%	NOUN
ajeer-7479	222	13	of	of	ADP
ajeer-7479	222	14	all	all	DET
ajeer-7479	222	15	smes	sme	NOUN
ajeer-7479	222	16	sell	sell	VERB
ajeer-7479	222	17	to	to	ADP
ajeer-7479	222	18	other	other	ADJ
ajeer-7479	222	19	eu	eu	PROPN
ajeer-7479	222	20	countries	country	NOUN
ajeer-7479	222	21	,	,	PUNCT
ajeer-7479	222	22	and	and	CCONJ
ajeer-7479	222	23	only	only	ADV
ajeer-7479	222	24	3	3	NUM
ajeer-7479	222	25	%	%	NOUN
ajeer-7479	222	26	to	to	ADP
ajeer-7479	222	27	non	non	ADJ
ajeer-7479	222	28	-	-	ADJ
ajeer-7479	222	29	eu	eu	ADJ
ajeer-7479	222	30	ones	one	NOUN
ajeer-7479	222	31	,	,	PUNCT
ajeer-7479	222	32	indicating	indicate	VERB
ajeer-7479	222	33	that	that	SCONJ
ajeer-7479	222	34	many	many	ADJ
ajeer-7479	222	35	eu	eu	PROPN
ajeer-7479	222	36	smes	sme	NOUN
ajeer-7479	222	37	remain	remain	VERB
ajeer-7479	222	38	largely	largely	ADV
ajeer-7479	222	39	domestically	domestically	ADV
ajeer-7479	222	40	oriented	oriented	ADJ
ajeer-7479	222	41	.	.	PUNCT
ajeer-7479	223	1	hence	hence	ADV
ajeer-7479	223	2	,	,	PUNCT
ajeer-7479	223	3	eu	eu	PROPN
ajeer-7479	223	4	smes	sme	NOUN
ajeer-7479	223	5	should	should	AUX
ajeer-7479	223	6	take	take	VERB
ajeer-7479	223	7	further	further	ADJ
ajeer-7479	223	8	advantage	advantage	NOUN
ajeer-7479	223	9	of	of	ADP
ajeer-7479	223	10	the	the	DET
ajeer-7479	223	11	single	single	ADJ
ajeer-7479	223	12	market	market	NOUN
ajeer-7479	223	13	access	access	NOUN
ajeer-7479	223	14	to	to	PART
ajeer-7479	223	15	expand	expand	VERB
ajeer-7479	223	16	their	their	PRON
ajeer-7479	223	17	activities	activity	NOUN
ajeer-7479	223	18	to	to	ADP
ajeer-7479	223	19	other	other	ADJ
ajeer-7479	223	20	european	european	ADJ
ajeer-7479	223	21	and	and	CCONJ
ajeer-7479	223	22	global	global	ADJ
ajeer-7479	223	23	markets	market	NOUN
ajeer-7479	223	24	to	to	PART
ajeer-7479	223	25	improve	improve	VERB
ajeer-7479	223	26	their	their	PRON
ajeer-7479	223	27	profitability	profitability	NOUN
ajeer-7479	223	28	.	.	PUNCT
ajeer-7479	224	1	references	reference	NOUN
ajeer-7479	224	2	boccaletti	boccaletti	PROPN
ajeer-7479	224	3	,	,	PUNCT
ajeer-7479	224	4	s.	s.	PROPN
ajeer-7479	224	5	,	,	PUNCT
ajeer-7479	224	6	ferrando	ferrando	PROPN
ajeer-7479	224	7	,	,	PUNCT
ajeer-7479	224	8	a.	a.	NOUN
ajeer-7479	224	9	,	,	PUNCT
ajeer-7479	224	10	rossi	rossi	PROPN
ajeer-7479	224	11	,	,	PUNCT
ajeer-7479	224	12	e.	e.	PROPN
ajeer-7479	224	13	,	,	PUNCT
ajeer-7479	224	14	&	&	CCONJ
ajeer-7479	224	15	rossolini	rossolini	PROPN
ajeer-7479	224	16	,	,	PUNCT
ajeer-7479	224	17	m.	m.	NOUN
ajeer-7479	224	18	(	(	PUNCT
ajeer-7479	224	19	2025	2025	NUM
ajeer-7479	224	20	)	)	PUNCT
ajeer-7479	224	21	.	.	PUNCT
ajeer-7479	225	1	european	european	PROPN
ajeer-7479	225	2	smes	smes	PROPN
ajeer-7479	225	3	’	'	PUNCT
ajeer-7479	225	4	growth	growth	NOUN
ajeer-7479	225	5	:	:	PUNCT
ajeer-7479	225	6	the	the	DET
ajeer-7479	225	7	role	role	NOUN
ajeer-7479	225	8	of	of	ADP
ajeer-7479	225	9	market	market	NOUN
ajeer-7479	225	10	-	-	PUNCT
ajeer-7479	225	11	based	base	VERB
ajeer-7479	225	12	finance	finance	NOUN
ajeer-7479	225	13	and	and	CCONJ
ajeer-7479	225	14	public	public	ADJ
ajeer-7479	225	15	financial	financial	ADJ
ajeer-7479	225	16	support	support	NOUN
ajeer-7479	225	17	.	.	PUNCT
ajeer-7479	226	1	small	small	ADJ
ajeer-7479	226	2	business	business	NOUN
ajeer-7479	226	3	economics	economic	NOUN
ajeer-7479	226	4	,	,	PUNCT
ajeer-7479	226	5	64(2	64(2	NOUN
ajeer-7479	226	6	)	)	PUNCT
ajeer-7479	226	7	,	,	PUNCT
ajeer-7479	226	8	691	691	NUM
ajeer-7479	226	9	-	-	SYM
ajeer-7479	226	10	727	727	NUM
ajeer-7479	226	11	.	.	PUNCT
ajeer-7479	227	1	https://doi.org/10.1007/s11187-024-00918-y	https://doi.org/10.1007/s11187-024-00918-y	PROPN
ajeer-7479	227	2	bolek	bolek	NOUN
ajeer-7479	227	3	,	,	PUNCT
ajeer-7479	227	4	m.	m.	NOUN
ajeer-7479	227	5	,	,	PUNCT
ajeer-7479	227	6	&	&	CCONJ
ajeer-7479	227	7	gniadkowska	gniadkowska	NOUN
ajeer-7479	227	8	-	-	PUNCT
ajeer-7479	227	9	szymańska	szymańska	ADJ
ajeer-7479	227	10	,	,	PUNCT
ajeer-7479	227	11	a.	a.	NOUN
ajeer-7479	227	12	(	(	PUNCT
ajeer-7479	227	13	2023	2023	NUM
ajeer-7479	227	14	)	)	PUNCT
ajeer-7479	227	15	.	.	PUNCT
ajeer-7479	227	16	is	be	AUX
ajeer-7479	227	17	the	the	DET
ajeer-7479	227	18	growth	growth	NOUN
ajeer-7479	227	19	of	of	ADP
ajeer-7479	227	20	companies	company	NOUN
ajeer-7479	227	21	influencing	influence	VERB
ajeer-7479	227	22	their	their	PRON
ajeer-7479	227	23	financial	financial	ADJ
ajeer-7479	227	24	condition	condition	NOUN
ajeer-7479	227	25	depending	depend	VERB
ajeer-7479	227	26	on	on	ADP
ajeer-7479	227	27	their	their	PRON
ajeer-7479	227	28	size	size	NOUN
ajeer-7479	227	29	:	:	PUNCT
ajeer-7479	227	30	s&p	s&p	PROPN
ajeer-7479	227	31	500	500	NUM
ajeer-7479	227	32	listed	list	VERB
ajeer-7479	227	33	companies	company	NOUN
ajeer-7479	227	34	example	example	VERB
ajeer-7479	227	35	.	.	PUNCT
ajeer-7479	228	1	asia	asia	PROPN
ajeer-7479	228	2	-	-	PUNCT
ajeer-7479	228	3	pacific	pacific	ADJ
ajeer-7479	228	4	financial	financial	ADJ
ajeer-7479	228	5	markets	market	NOUN
ajeer-7479	228	6	,	,	PUNCT
ajeer-7479	228	7	30(2	30(2	NUM
ajeer-7479	228	8	)	)	PUNCT
ajeer-7479	228	9	,	,	PUNCT
ajeer-7479	228	10	323	323	NUM
ajeer-7479	228	11	-	-	SYM
ajeer-7479	228	12	337	337	NUM
ajeer-7479	228	13	.	.	PUNCT
ajeer-7479	229	1	https://doi.org/10.1007/s10690-022-09376-6	https://doi.org/10.1007/s10690-022-09376-6	PROPN
ajeer-7479	229	2	brau	brau	PROPN
ajeer-7479	229	3	,	,	PUNCT
ajeer-7479	229	4	j.	j.	PROPN
ajeer-7479	229	5	c.	c.	PROPN
ajeer-7479	229	6	,	,	PUNCT
ajeer-7479	229	7	couch	couch	PROPN
ajeer-7479	229	8	,	,	PUNCT
ajeer-7479	229	9	r.	r.	PROPN
ajeer-7479	229	10	b.	b.	PROPN
ajeer-7479	229	11	,	,	PUNCT
ajeer-7479	229	12	&	&	CCONJ
ajeer-7479	229	13	sutton	sutton	PROPN
ajeer-7479	229	14	,	,	PUNCT
ajeer-7479	229	15	n.	n.	PROPN
ajeer-7479	229	16	k.	k.	PROPN
ajeer-7479	229	17	(	(	PUNCT
ajeer-7479	229	18	2012	2012	NUM
ajeer-7479	229	19	)	)	PUNCT
ajeer-7479	229	20	.	.	PUNCT
ajeer-7479	230	1	the	the	DET
ajeer-7479	230	2	desire	desire	NOUN
ajeer-7479	230	3	to	to	PART
ajeer-7479	230	4	acquire	acquire	VERB
ajeer-7479	230	5	and	and	CCONJ
ajeer-7479	230	6	ipo	ipo	PROPN
ajeer-7479	230	7	long	long	ADV
ajeer-7479	230	8	-	-	PUNCT
ajeer-7479	230	9	run	run	NOUN
ajeer-7479	230	10	underperformance	underperformance	NOUN
ajeer-7479	230	11	.	.	PUNCT
ajeer-7479	231	1	journal	journal	NOUN
ajeer-7479	231	2	of	of	ADP
ajeer-7479	231	3	financial	financial	ADJ
ajeer-7479	231	4	and	and	CCONJ
ajeer-7479	231	5	quantitative	quantitative	ADJ
ajeer-7479	231	6	analysis	analysis	NOUN
ajeer-7479	231	7	,	,	PUNCT
ajeer-7479	231	8	47(3	47(3	NOUN
ajeer-7479	231	9	)	)	PUNCT
ajeer-7479	231	10	,	,	PUNCT
ajeer-7479	231	11	493	493	NUM
ajeer-7479	231	12	-	-	SYM
ajeer-7479	231	13	510	510	NUM
ajeer-7479	231	14	.	.	PUNCT
ajeer-7479	232	1	chaithanapat	chaithanapat	NOUN
ajeer-7479	232	2	,	,	PUNCT
ajeer-7479	232	3	p.	p.	NOUN
ajeer-7479	232	4	,	,	PUNCT
ajeer-7479	232	5	punnakitikashem	punnakitikashem	NOUN
ajeer-7479	232	6	,	,	PUNCT
ajeer-7479	232	7	p.	p.	NOUN
ajeer-7479	232	8	,	,	PUNCT
ajeer-7479	232	9	oo	oo	INTJ
ajeer-7479	232	10	,	,	PUNCT
ajeer-7479	232	11	n.	n.	PROPN
ajeer-7479	232	12	c.	c.	PROPN
ajeer-7479	232	13	k.	k.	PROPN
ajeer-7479	232	14	k.	k.	PROPN
ajeer-7479	232	15	,	,	PUNCT
ajeer-7479	232	16	&	&	CCONJ
ajeer-7479	232	17	rakthin	rakthin	PROPN
ajeer-7479	232	18	,	,	PUNCT
ajeer-7479	232	19	s.	s.	PROPN
ajeer-7479	232	20	(	(	PUNCT
ajeer-7479	232	21	2022	2022	NUM
ajeer-7479	232	22	)	)	PUNCT
ajeer-7479	232	23	.	.	PUNCT
ajeer-7479	233	1	relationships	relationship	NOUN
ajeer-7479	233	2	among	among	ADP
ajeer-7479	233	3	knowledge	knowledge	NOUN
ajeer-7479	233	4	-	-	PUNCT
ajeer-7479	233	5	oriented	orient	VERB
ajeer-7479	233	6	leadership	leadership	NOUN
ajeer-7479	233	7	,	,	PUNCT
ajeer-7479	233	8	customer	customer	NOUN
ajeer-7479	233	9	knowledge	knowledge	NOUN
ajeer-7479	233	10	management	management	NOUN
ajeer-7479	233	11	,	,	PUNCT
ajeer-7479	233	12	innovation	innovation	NOUN
ajeer-7479	233	13	quality	quality	NOUN
ajeer-7479	233	14	and	and	CCONJ
ajeer-7479	233	15	firm	firm	ADJ
ajeer-7479	233	16	performance	performance	NOUN
ajeer-7479	233	17	in	in	ADP
ajeer-7479	233	18	smes	sme	NOUN
ajeer-7479	233	19	.	.	PUNCT
ajeer-7479	234	1	journal	journal	PROPN
ajeer-7479	234	2	of	of	ADP
ajeer-7479	234	3	innovation	innovation	NOUN
ajeer-7479	234	4	&	&	CCONJ
ajeer-7479	234	5	knowledge	knowledge	PROPN
ajeer-7479	234	6	,	,	PUNCT
ajeer-7479	234	7	7(1	7(1	NUM
ajeer-7479	234	8	)	)	PUNCT
ajeer-7479	234	9	,	,	PUNCT
ajeer-7479	234	10	100162	100162	NUM
ajeer-7479	234	11	.	.	PUNCT
ajeer-7479	235	1	https://doi.org/10.1016/j.jik.2022.100162	https://doi.org/10.1016/j.jik.2022.100162	PROPN
ajeer-7479	235	2	chemmanur	chemmanur	PROPN
ajeer-7479	235	3	,	,	PUNCT
ajeer-7479	235	4	t.	t.	PROPN
ajeer-7479	235	5	j.	j.	PROPN
ajeer-7479	235	6	,	,	PUNCT
ajeer-7479	235	7	&	&	CCONJ
ajeer-7479	235	8	fulghieri	fulghieri	PROPN
ajeer-7479	235	9	,	,	PUNCT
ajeer-7479	235	10	p.	p.	NOUN
ajeer-7479	235	11	(	(	PUNCT
ajeer-7479	235	12	1999	1999	NUM
ajeer-7479	235	13	)	)	PUNCT
ajeer-7479	235	14	.	.	PUNCT
ajeer-7479	236	1	a	a	DET
ajeer-7479	236	2	theory	theory	NOUN
ajeer-7479	236	3	of	of	ADP
ajeer-7479	236	4	the	the	DET
ajeer-7479	236	5	going	go	VERB
ajeer-7479	236	6	-	-	PUNCT
ajeer-7479	236	7	public	public	ADJ
ajeer-7479	236	8	decision	decision	NOUN
ajeer-7479	236	9	.	.	PUNCT
ajeer-7479	237	1	the	the	DET
ajeer-7479	237	2	review	review	NOUN
ajeer-7479	237	3	of	of	ADP
ajeer-7479	237	4	financial	financial	ADJ
ajeer-7479	237	5	studies	study	NOUN
ajeer-7479	237	6	,	,	PUNCT
ajeer-7479	237	7	12(2	12(2	NUM
ajeer-7479	237	8	)	)	PUNCT
ajeer-7479	237	9	,	,	PUNCT
ajeer-7479	237	10	249	249	NUM
ajeer-7479	237	11	-	-	SYM
ajeer-7479	237	12	279	279	NUM
ajeer-7479	237	13	.	.	PUNCT
ajeer-7479	238	1	https://doi.org/10.1093/rfs/12.2.249	https://doi.org/10.1093/rfs/12.2.249	PROPN
ajeer-7479	238	2	coakley	coakley	PROPN
ajeer-7479	238	3	,	,	PUNCT
ajeer-7479	238	4	j.	j.	PROPN
ajeer-7479	238	5	,	,	PUNCT
ajeer-7479	238	6	fuertes	fuertes	PROPN
ajeer-7479	238	7	,	,	PUNCT
ajeer-7479	238	8	a.	a.	NOUN
ajeer-7479	238	9	m.	m.	NOUN
ajeer-7479	238	10	,	,	PUNCT
ajeer-7479	238	11	&	&	CCONJ
ajeer-7479	238	12	wood	wood	NOUN
ajeer-7479	238	13	,	,	PUNCT
ajeer-7479	238	14	a.	a.	NOUN
ajeer-7479	238	15	(	(	PUNCT
ajeer-7479	238	16	2004	2004	NUM
ajeer-7479	238	17	)	)	PUNCT
ajeer-7479	238	18	.	.	PUNCT
ajeer-7479	239	1	a	a	DET
ajeer-7479	239	2	new	new	ADJ
ajeer-7479	239	3	interpretation	interpretation	NOUN
ajeer-7479	239	4	of	of	ADP
ajeer-7479	239	5	the	the	DET
ajeer-7479	239	6	exchange	exchange	NOUN
ajeer-7479	239	7	rate	rate	NOUN
ajeer-7479	239	8	–	–	PUNCT
ajeer-7479	239	9	yield	yield	NOUN
ajeer-7479	239	10	differential	differential	NOUN
ajeer-7479	239	11	nexus	nexus	NOUN
ajeer-7479	239	12	.	.	PUNCT
ajeer-7479	240	1	international	international	ADJ
ajeer-7479	240	2	journal	journal	PROPN
ajeer-7479	240	3	of	of	ADP
ajeer-7479	240	4	finance	finance	PROPN
ajeer-7479	240	5	&	&	CCONJ
ajeer-7479	240	6	economics	economic	NOUN
ajeer-7479	240	7	,	,	PUNCT
ajeer-7479	240	8	9(3	9(3	NUM
ajeer-7479	240	9	)	)	PUNCT
ajeer-7479	240	10	,	,	PUNCT
ajeer-7479	240	11	201	201	NUM
ajeer-7479	240	12	-	-	SYM
ajeer-7479	240	13	218	218	NUM
ajeer-7479	240	14	.	.	PUNCT
ajeer-7479	241	1	https://doi.org/10.1002/ijfe.230	https://doi.org/10.1002/ijfe.230	X
ajeer-7479	241	2	dabić	dabić	NOUN
ajeer-7479	241	3	,	,	PUNCT
ajeer-7479	241	4	m.	m.	NOUN
ajeer-7479	241	5	,	,	PUNCT
ajeer-7479	241	6	maley	maley	PROPN
ajeer-7479	241	7	,	,	PUNCT
ajeer-7479	241	8	j.	j.	PROPN
ajeer-7479	241	9	,	,	PUNCT
ajeer-7479	241	10	dana	dana	PROPN
ajeer-7479	241	11	,	,	PUNCT
ajeer-7479	241	12	l.	l.	PROPN
ajeer-7479	241	13	p.	p.	PROPN
ajeer-7479	241	14	,	,	PUNCT
ajeer-7479	241	15	novak	novak	PROPN
ajeer-7479	241	16	,	,	PUNCT
ajeer-7479	241	17	i.	i.	PROPN
ajeer-7479	241	18	,	,	PUNCT
ajeer-7479	241	19	pellegrini	pellegrini	PROPN
ajeer-7479	241	20	,	,	PUNCT
ajeer-7479	241	21	m.	m.	NOUN
ajeer-7479	241	22	m.	m.	NOUN
ajeer-7479	241	23	,	,	PUNCT
ajeer-7479	241	24	&	&	CCONJ
ajeer-7479	241	25	caputo	caputo	PROPN
ajeer-7479	241	26	,	,	PUNCT
ajeer-7479	241	27	a.	a.	NOUN
ajeer-7479	241	28	(	(	PUNCT
ajeer-7479	241	29	2020	2020	NUM
ajeer-7479	241	30	)	)	PUNCT
ajeer-7479	241	31	.	.	PUNCT
ajeer-7479	242	1	pathways	pathway	NOUN
ajeer-7479	242	2	of	of	ADP
ajeer-7479	242	3	sme	sme	PROPN
ajeer-7479	242	4	internationalization	internationalization	PROPN
ajeer-7479	242	5	:	:	PUNCT
ajeer-7479	242	6	a	a	DET
ajeer-7479	242	7	bibliometric	bibliometric	ADJ
ajeer-7479	242	8	and	and	CCONJ
ajeer-7479	242	9	systematic	systematic	ADJ
ajeer-7479	242	10	review	review	NOUN
ajeer-7479	242	11	.	.	PUNCT
ajeer-7479	243	1	small	small	ADJ
ajeer-7479	243	2	business	business	NOUN
ajeer-7479	243	3	economics	economic	NOUN
ajeer-7479	243	4	,	,	PUNCT
ajeer-7479	243	5	55(3	55(3	NUM
ajeer-7479	243	6	)	)	PUNCT
ajeer-7479	243	7	,	,	PUNCT
ajeer-7479	243	8	705	705	NUM
ajeer-7479	243	9	-	-	SYM
ajeer-7479	243	10	725	725	NUM
ajeer-7479	243	11	.	.	NUM
ajeer-7479	243	12	https://doi.org/10.1007/s11187-019-00181-6	https://doi.org/10.1007/s11187-019-00181-6	NUM
ajeer-7479	243	13	demir	demir	PROPN
ajeer-7479	243	14	,	,	PUNCT
ajeer-7479	243	15	i.	i.	PROPN
ajeer-7479	243	16	(	(	PUNCT
ajeer-7479	243	17	2024	2024	NUM
ajeer-7479	243	18	)	)	PUNCT
ajeer-7479	243	19	.	.	PUNCT
ajeer-7479	244	1	global	global	ADJ
ajeer-7479	244	2	developments	development	NOUN
ajeer-7479	244	3	in	in	ADP
ajeer-7479	244	4	sme	sme	NOUN
ajeer-7479	244	5	markets	market	NOUN
ajeer-7479	244	6	over	over	ADP
ajeer-7479	244	7	the	the	DET
ajeer-7479	244	8	past	past	ADJ
ajeer-7479	244	9	decade	decade	NOUN
ajeer-7479	244	10	.	.	PUNCT
ajeer-7479	245	1	london	london	PROPN
ajeer-7479	245	2	,	,	PUNCT
ajeer-7479	245	3	uk	uk	PROPN
ajeer-7479	245	4	:	:	PUNCT
ajeer-7479	245	5	world	world	PROPN
ajeer-7479	245	6	federation	federation	PROPN
ajeer-7479	245	7	of	of	ADP
ajeer-7479	245	8	exchanges	exchange	NOUN
ajeer-7479	245	9	.	.	PUNCT
ajeer-7479	246	1	european	european	PROPN
ajeer-7479	246	2	commission	commission	PROPN
ajeer-7479	246	3	.	.	PUNCT
ajeer-7479	247	1	(	(	PUNCT
ajeer-7479	247	2	2018	2018	NUM
ajeer-7479	247	3	)	)	PUNCT
ajeer-7479	247	4	.	.	PUNCT
ajeer-7479	248	1	commission	commission	NOUN
ajeer-7479	248	2	staff	staff	NOUN
ajeer-7479	248	3	working	work	VERB
ajeer-7479	248	4	document	document	NOUN
ajeer-7479	248	5	:	:	PUNCT
ajeer-7479	248	6	executive	executive	ADJ
ajeer-7479	248	7	summary	summary	NOUN
ajeer-7479	248	8	of	of	ADP
ajeer-7479	248	9	the	the	DET
ajeer-7479	248	10	impact	impact	NOUN
ajeer-7479	248	11	assessment	assessment	NOUN
ajeer-7479	248	12	accompanying	accompany	VERB
ajeer-7479	248	13	the	the	DET
ajeer-7479	248	14	proposal	proposal	NOUN
ajeer-7479	248	15	for	for	ADP
ajeer-7479	248	16	a	a	DET
ajeer-7479	248	17	regulation	regulation	NOUN
ajeer-7479	248	18	of	of	ADP
ajeer-7479	248	19	the	the	DET
ajeer-7479	248	20	european	european	ADJ
ajeer-7479	248	21	parliament	parliament	NOUN
ajeer-7479	248	22	and	and	CCONJ
ajeer-7479	248	23	of	of	ADP
ajeer-7479	248	24	the	the	DET
ajeer-7479	248	25	council	council	NOUN
ajeer-7479	248	26	amending	amend	VERB
ajeer-7479	248	27	regulations	regulation	NOUN
ajeer-7479	248	28	(	(	PUNCT
ajeer-7479	248	29	eu	eu	NOUN
ajeer-7479	248	30	)	)	PUNCT
ajeer-7479	248	31	no	no	DET
ajeer-7479	248	32	596/2014	596/2014	NUM
ajeer-7479	248	33	and	and	CCONJ
ajeer-7479	248	34	(	(	PUNCT
ajeer-7479	248	35	eu	eu	PROPN
ajeer-7479	248	36	)	)	PUNCT
ajeer-7479	248	37	2017/1129	2017/1129	NUM
ajeer-7479	248	38	as	as	SCONJ
ajeer-7479	248	39	regards	regard	VERB
ajeer-7479	248	40	the	the	DET
ajeer-7479	248	41	promotion	promotion	NOUN
ajeer-7479	248	42	of	of	ADP
ajeer-7479	248	43	the	the	DET
ajeer-7479	248	44	use	use	NOUN
ajeer-7479	248	45	of	of	ADP
ajeer-7479	248	46	sme	sme	NOUN
ajeer-7479	248	47	growth	growth	NOUN
ajeer-7479	248	48	.	.	PUNCT
ajeer-7479	249	1	brussels	brussels	PROPN
ajeer-7479	249	2	,	,	PUNCT
ajeer-7479	249	3	belgium	belgium	PROPN
ajeer-7479	249	4	:	:	PUNCT
ajeer-7479	249	5	european	european	PROPN
ajeer-7479	249	6	commission	commission	PROPN
ajeer-7479	249	7	.	.	PUNCT
ajeer-7479	250	1	european	european	PROPN
ajeer-7479	250	2	commission	commission	PROPN
ajeer-7479	250	3	.	.	PUNCT
ajeer-7479	251	1	(	(	PUNCT
ajeer-7479	251	2	2021	2021	NUM
ajeer-7479	251	3	)	)	PUNCT
ajeer-7479	251	4	.	.	PUNCT
ajeer-7479	252	1	annual	annual	ADJ
ajeer-7479	252	2	report	report	NOUN
ajeer-7479	252	3	on	on	ADP
ajeer-7479	252	4	european	european	ADJ
ajeer-7479	252	5	smes	sme	NOUN
ajeer-7479	252	6	2020/2021	2020/2021	NUM
ajeer-7479	252	7	.	.	PUNCT
ajeer-7479	253	1	brussels	brussels	PROPN
ajeer-7479	253	2	,	,	PUNCT
ajeer-7479	253	3	belgium	belgium	PROPN
ajeer-7479	253	4	:	:	PUNCT
ajeer-7479	253	5	european	european	PROPN
ajeer-7479	253	6	innovation	innovation	PROPN
ajeer-7479	253	7	council	council	PROPN
ajeer-7479	253	8	and	and	CCONJ
ajeer-7479	253	9	smes	smes	PROPN
ajeer-7479	253	10	executive	executive	PROPN
ajeer-7479	253	11	agency	agency	PROPN
ajeer-7479	253	12	(	(	PUNCT
ajeer-7479	253	13	eismea	eismea	PROPN
ajeer-7479	253	14	)	)	PUNCT
ajeer-7479	253	15	.	.	PUNCT
ajeer-7479	254	1	european	european	PROPN
ajeer-7479	254	2	commission	commission	PROPN
ajeer-7479	254	3	.	.	PUNCT
ajeer-7479	255	1	(	(	PUNCT
ajeer-7479	255	2	2022a	2022a	NUM
ajeer-7479	255	3	)	)	PUNCT
ajeer-7479	255	4	.	.	PUNCT
ajeer-7479	256	1	annual	annual	ADJ
ajeer-7479	256	2	single	single	ADJ
ajeer-7479	256	3	market	market	NOUN
ajeer-7479	256	4	and	and	CCONJ
ajeer-7479	256	5	competitiveness	competitiveness	NOUN
ajeer-7479	256	6	report	report	NOUN
ajeer-7479	256	7	2022	2022	NUM
ajeer-7479	256	8	luxembourg	luxembourg	PROPN
ajeer-7479	256	9	:	:	PUNCT
ajeer-7479	256	10	publications	publication	VERB
ajeer-7479	256	11	office	office	NOUN
ajeer-7479	256	12	of	of	ADP
ajeer-7479	256	13	the	the	DET
ajeer-7479	256	14	european	european	PROPN
ajeer-7479	256	15	union	union	PROPN
ajeer-7479	256	16	.	.	PUNCT
ajeer-7479	257	1	european	european	PROPN
ajeer-7479	257	2	commission	commission	PROPN
ajeer-7479	257	3	.	.	PUNCT
ajeer-7479	258	1	(	(	PUNCT
ajeer-7479	258	2	2022b	2022b	NUM
ajeer-7479	258	3	)	)	PUNCT
ajeer-7479	258	4	.	.	PUNCT
ajeer-7479	259	1	sme	sme	NOUN
ajeer-7479	259	2	listing	list	VERB
ajeer-7479	259	3	on	on	ADP
ajeer-7479	259	4	public	public	ADJ
ajeer-7479	259	5	markets	market	NOUN
ajeer-7479	259	6	–	–	PUNCT
ajeer-7479	259	7	making	make	VERB
ajeer-7479	259	8	it	it	PRON
ajeer-7479	259	9	easier	easy	ADJ
ajeer-7479	259	10	for	for	SCONJ
ajeer-7479	259	11	smes	sme	NOUN
ajeer-7479	259	12	to	to	PART
ajeer-7479	259	13	raise	raise	VERB
ajeer-7479	259	14	capital	capital	NOUN
ajeer-7479	259	15	on	on	ADP
ajeer-7479	259	16	public	public	ADJ
ajeer-7479	259	17	markets	market	NOUN
ajeer-7479	259	18	.	.	PUNCT
ajeer-7479	260	1	brussels	brussels	PROPN
ajeer-7479	260	2	,	,	PUNCT
ajeer-7479	260	3	belgium	belgium	PROPN
ajeer-7479	260	4	:	:	PUNCT
ajeer-7479	260	5	european	european	PROPN
ajeer-7479	260	6	commission	commission	PROPN
ajeer-7479	260	7	,	,	PUNCT
ajeer-7479	260	8	directorate	directorate	NOUN
ajeer-7479	260	9	-	-	PUNCT
ajeer-7479	260	10	general	general	ADJ
ajeer-7479	260	11	for	for	ADP
ajeer-7479	260	12	financial	financial	ADJ
ajeer-7479	260	13	stability	stability	NOUN
ajeer-7479	260	14	,	,	PUNCT
ajeer-7479	260	15	financial	financial	ADJ
ajeer-7479	260	16	services	service	NOUN
ajeer-7479	260	17	and	and	CCONJ
ajeer-7479	260	18	capital	capital	NOUN
ajeer-7479	260	19	markets	market	NOUN
ajeer-7479	260	20	union	union	NOUN
ajeer-7479	260	21	.	.	PUNCT
ajeer-7479	261	1	fama	fama	PROPN
ajeer-7479	261	2	,	,	PUNCT
ajeer-7479	261	3	e.	e.	PROPN
ajeer-7479	261	4	f.	f.	PROPN
ajeer-7479	261	5	,	,	PUNCT
ajeer-7479	261	6	&	&	CCONJ
ajeer-7479	261	7	french	french	PROPN
ajeer-7479	261	8	,	,	PUNCT
ajeer-7479	261	9	k.	k.	PROPN
ajeer-7479	261	10	r.	r.	PROPN
ajeer-7479	261	11	(	(	PUNCT
ajeer-7479	261	12	2004	2004	NUM
ajeer-7479	261	13	)	)	PUNCT
ajeer-7479	261	14	.	.	PUNCT
ajeer-7479	262	1	new	new	ADJ
ajeer-7479	262	2	lists	list	NOUN
ajeer-7479	262	3	:	:	PUNCT
ajeer-7479	262	4	fundamentals	fundamental	NOUN
ajeer-7479	262	5	and	and	CCONJ
ajeer-7479	262	6	survival	survival	NOUN
ajeer-7479	262	7	rates	rate	NOUN
ajeer-7479	262	8	.	.	PUNCT
ajeer-7479	263	1	journal	journal	NOUN
ajeer-7479	263	2	of	of	ADP
ajeer-7479	263	3	financial	financial	ADJ
ajeer-7479	263	4	economics	economic	NOUN
ajeer-7479	263	5	,	,	PUNCT
ajeer-7479	263	6	73(2	73(2	NUM
ajeer-7479	263	7	)	)	PUNCT
ajeer-7479	263	8	,	,	PUNCT
ajeer-7479	263	9	229	229	NUM
ajeer-7479	263	10	-	-	SYM
ajeer-7479	263	11	269	269	NUM
ajeer-7479	263	12	.	.	PUNCT
ajeer-7479	264	1	https://doi.org/10.1016/j.jfineco.2003.04.001	https://doi.org/10.1016/j.jfineco.2003.04.001	PROPN
ajeer-7479	264	2	floros	floros	PROPN
ajeer-7479	264	3	,	,	PUNCT
ajeer-7479	264	4	c.	c.	PROPN
ajeer-7479	264	5	,	,	PUNCT
ajeer-7479	264	6	&	&	CCONJ
ajeer-7479	264	7	sapp	sapp	PROPN
ajeer-7479	264	8	,	,	PUNCT
ajeer-7479	264	9	t.	t.	PROPN
ajeer-7479	264	10	(	(	PUNCT
ajeer-7479	264	11	2011	2011	NUM
ajeer-7479	264	12	)	)	PUNCT
ajeer-7479	264	13	.	.	PUNCT
ajeer-7479	265	1	shell	shell	PROPN
ajeer-7479	265	2	games	game	NOUN
ajeer-7479	265	3	:	:	PUNCT
ajeer-7479	265	4	on	on	ADP
ajeer-7479	265	5	the	the	DET
ajeer-7479	265	6	value	value	NOUN
ajeer-7479	265	7	of	of	ADP
ajeer-7479	265	8	shell	shell	ADJ
ajeer-7479	265	9	companies	company	NOUN
ajeer-7479	265	10	.	.	PUNCT
ajeer-7479	266	1	journal	journal	NOUN
ajeer-7479	266	2	of	of	ADP
ajeer-7479	266	3	corporate	corporate	ADJ
ajeer-7479	266	4	finance	finance	NOUN
ajeer-7479	266	5	,	,	PUNCT
ajeer-7479	266	6	17(4	17(4	NUM
ajeer-7479	266	7	)	)	PUNCT
ajeer-7479	266	8	,	,	PUNCT
ajeer-7479	266	9	850–867	850–867	NUM
ajeer-7479	266	10	.	.	PUNCT
ajeer-7479	267	1	https://doi.org/10.1007/s11187-024-00918-y	https://doi.org/10.1007/s11187-024-00918-y	PROPN
ajeer-7479	267	2	https://doi.org/10.1007/s10690-022-09376-6	https://doi.org/10.1007/s10690-022-09376-6	NUM
ajeer-7479	267	3	https://doi.org/10.1016/j.jik.2022.100162	https://doi.org/10.1016/j.jik.2022.100162	PROPN
ajeer-7479	268	1	https://doi.org/10.1093/rfs/12.2.249	https://doi.org/10.1093/rfs/12.2.249	PROPN
ajeer-7479	268	2	https://doi.org/10.1002/ijfe.230	https://doi.org/10.1002/ijfe.230	X
ajeer-7479	268	3	https://doi.org/10.1007/s11187-019-00181-6	https://doi.org/10.1007/s11187-019-00181-6	NUM
ajeer-7479	268	4	https://doi.org/10.1016/j.jfineco.2003.04.001	https://doi.org/10.1016/j.jfineco.2003.04.001	VERB
ajeer-7479	268	5	asian	asian	ADJ
ajeer-7479	268	6	journal	journal	NOUN
ajeer-7479	268	7	of	of	ADP
ajeer-7479	268	8	economics	economic	NOUN
ajeer-7479	268	9	and	and	CCONJ
ajeer-7479	268	10	empirical	empirical	ADJ
ajeer-7479	268	11	research	research	NOUN
ajeer-7479	268	12	,	,	PUNCT
ajeer-7479	268	13	2025	2025	NUM
ajeer-7479	268	14	,	,	PUNCT
ajeer-7479	268	15	12(2	12(2	NUM
ajeer-7479	268	16	):	):	PUNCT
ajeer-7479	268	17	113	113	NUM
ajeer-7479	268	18	-	-	SYM
ajeer-7479	268	19	123	123	NUM
ajeer-7479	268	20	122	122	NUM
ajeer-7479	268	21	©	©	PROPN
ajeer-7479	268	22	2025	2025	NUM
ajeer-7479	268	23	by	by	ADP
ajeer-7479	268	24	the	the	DET
ajeer-7479	268	25	authors	author	NOUN
ajeer-7479	268	26	;	;	PUNCT
ajeer-7479	268	27	licensee	licensee	PROPN
ajeer-7479	268	28	asian	asian	ADJ
ajeer-7479	268	29	online	online	PROPN
ajeer-7479	268	30	journal	journal	PROPN
ajeer-7479	268	31	publishing	publishing	NOUN
ajeer-7479	268	32	group	group	NOUN
ajeer-7479	268	33	gherhes	gherhe	NOUN
ajeer-7479	268	34	,	,	PUNCT
ajeer-7479	268	35	c.	c.	PROPN
ajeer-7479	268	36	,	,	PUNCT
ajeer-7479	268	37	williams	williams	PROPN
ajeer-7479	268	38	,	,	PUNCT
ajeer-7479	268	39	n.	n.	NOUN
ajeer-7479	268	40	,	,	PUNCT
ajeer-7479	268	41	vorley	vorley	NOUN
ajeer-7479	268	42	,	,	PUNCT
ajeer-7479	268	43	t.	t.	PROPN
ajeer-7479	268	44	,	,	PUNCT
ajeer-7479	268	45	&	&	CCONJ
ajeer-7479	268	46	vasconcelos	vasconcelos	PROPN
ajeer-7479	268	47	,	,	PUNCT
ajeer-7479	268	48	a.	a.	PROPN
ajeer-7479	268	49	c.	c.	PROPN
ajeer-7479	268	50	(	(	PUNCT
ajeer-7479	268	51	2016	2016	NUM
ajeer-7479	268	52	)	)	PUNCT
ajeer-7479	268	53	.	.	PUNCT
ajeer-7479	269	1	distinguishing	distinguish	VERB
ajeer-7479	269	2	micro	micro	NOUN
ajeer-7479	269	3	-	-	NOUN
ajeer-7479	269	4	businesses	business	NOUN
ajeer-7479	269	5	from	from	ADP
ajeer-7479	269	6	smes	sme	NOUN
ajeer-7479	269	7	:	:	PUNCT
ajeer-7479	269	8	a	a	DET
ajeer-7479	269	9	systematic	systematic	ADJ
ajeer-7479	269	10	review	review	NOUN
ajeer-7479	269	11	of	of	ADP
ajeer-7479	269	12	growth	growth	NOUN
ajeer-7479	269	13	constraints	constraint	NOUN
ajeer-7479	269	14	.	.	PUNCT
ajeer-7479	270	1	journal	journal	NOUN
ajeer-7479	270	2	of	of	ADP
ajeer-7479	270	3	small	small	ADJ
ajeer-7479	270	4	business	business	NOUN
ajeer-7479	270	5	and	and	CCONJ
ajeer-7479	270	6	enterprise	enterprise	NOUN
ajeer-7479	270	7	development	development	NOUN
ajeer-7479	270	8	,	,	PUNCT
ajeer-7479	270	9	23(4	23(4	NOUN
ajeer-7479	270	10	)	)	PUNCT
ajeer-7479	270	11	,	,	PUNCT
ajeer-7479	270	12	939	939	NUM
ajeer-7479	270	13	-	-	SYM
ajeer-7479	270	14	963	963	NUM
ajeer-7479	270	15	.	.	PUNCT
ajeer-7479	271	1	https://doi.org/10.1108/jsbed-05-2016-0075	https://doi.org/10.1108/jsbed-05-2016-0075	PROPN
ajeer-7479	271	2	helbing	helbing	PROPN
ajeer-7479	271	3	,	,	PUNCT
ajeer-7479	271	4	p.	p.	PROPN
ajeer-7479	271	5	,	,	PUNCT
ajeer-7479	271	6	lucey	lucey	PROPN
ajeer-7479	271	7	,	,	PUNCT
ajeer-7479	271	8	b.	b.	PROPN
ajeer-7479	271	9	m.	m.	PROPN
ajeer-7479	271	10	,	,	PUNCT
ajeer-7479	271	11	&	&	CCONJ
ajeer-7479	271	12	vigne	vigne	PROPN
ajeer-7479	271	13	,	,	PUNCT
ajeer-7479	271	14	s.	s.	PROPN
ajeer-7479	271	15	a.	a.	PROPN
ajeer-7479	271	16	(	(	PUNCT
ajeer-7479	271	17	2019	2019	NUM
ajeer-7479	271	18	)	)	PUNCT
ajeer-7479	271	19	.	.	PUNCT
ajeer-7479	272	1	the	the	DET
ajeer-7479	272	2	determinants	determinant	NOUN
ajeer-7479	272	3	of	of	ADP
ajeer-7479	272	4	ipo	ipo	PROPN
ajeer-7479	272	5	withdrawal	withdrawal	NOUN
ajeer-7479	272	6	–	–	PUNCT
ajeer-7479	272	7	evidence	evidence	NOUN
ajeer-7479	272	8	from	from	ADP
ajeer-7479	272	9	europe	europe	PROPN
ajeer-7479	272	10	.	.	PUNCT
ajeer-7479	273	1	journal	journal	NOUN
ajeer-7479	273	2	of	of	ADP
ajeer-7479	273	3	corporate	corporate	ADJ
ajeer-7479	273	4	finance	finance	NOUN
ajeer-7479	273	5	,	,	PUNCT
ajeer-7479	273	6	56	56	NUM
ajeer-7479	273	7	,	,	PUNCT
ajeer-7479	273	8	415	415	NUM
ajeer-7479	273	9	-	-	SYM
ajeer-7479	273	10	436	436	NUM
ajeer-7479	273	11	.	.	PUNCT
ajeer-7479	274	1	https://doi.org/10.1016/j.jcorpfin.2019.03.001	https://doi.org/10.1016/j.jcorpfin.2019.03.001	PROPN
ajeer-7479	274	2	hilmersson	hilmersson	PROPN
ajeer-7479	274	3	,	,	PUNCT
ajeer-7479	274	4	f.	f.	PROPN
ajeer-7479	274	5	p.	p.	PROPN
ajeer-7479	274	6	,	,	PUNCT
ajeer-7479	274	7	&	&	CCONJ
ajeer-7479	274	8	hilmersson	hilmersson	PROPN
ajeer-7479	274	9	,	,	PUNCT
ajeer-7479	274	10	m.	m.	NOUN
ajeer-7479	274	11	(	(	PUNCT
ajeer-7479	274	12	2021	2021	NUM
ajeer-7479	274	13	)	)	PUNCT
ajeer-7479	274	14	.	.	PUNCT
ajeer-7479	275	1	networking	network	VERB
ajeer-7479	275	2	to	to	PART
ajeer-7479	275	3	accelerate	accelerate	VERB
ajeer-7479	275	4	the	the	DET
ajeer-7479	275	5	pace	pace	NOUN
ajeer-7479	275	6	of	of	ADP
ajeer-7479	275	7	sme	sme	NOUN
ajeer-7479	275	8	innovations	innovation	NOUN
ajeer-7479	275	9	.	.	PUNCT
ajeer-7479	276	1	journal	journal	PROPN
ajeer-7479	276	2	of	of	ADP
ajeer-7479	276	3	innovation	innovation	NOUN
ajeer-7479	276	4	&	&	CCONJ
ajeer-7479	276	5	knowledge	knowledge	PROPN
ajeer-7479	276	6	,	,	PUNCT
ajeer-7479	276	7	6(1	6(1	NUM
ajeer-7479	276	8	)	)	PUNCT
ajeer-7479	276	9	,	,	PUNCT
ajeer-7479	276	10	43	43	NUM
ajeer-7479	276	11	-	-	SYM
ajeer-7479	276	12	49	49	NUM
ajeer-7479	276	13	.	.	PUNCT
ajeer-7479	277	1	https://doi.org/10.1016/j.jik.2020.10.001	https://doi.org/10.1016/j.jik.2020.10.001	PROPN
ajeer-7479	277	2	jain	jain	PROPN
ajeer-7479	277	3	,	,	PUNCT
ajeer-7479	277	4	b.	b.	PROPN
ajeer-7479	277	5	a.	a.	PROPN
ajeer-7479	277	6	,	,	PUNCT
ajeer-7479	277	7	&	&	CCONJ
ajeer-7479	277	8	kini	kini	PROPN
ajeer-7479	277	9	,	,	PUNCT
ajeer-7479	277	10	o.	o.	INTJ
ajeer-7479	277	11	(	(	PUNCT
ajeer-7479	277	12	1995	1995	NUM
ajeer-7479	277	13	)	)	PUNCT
ajeer-7479	277	14	.	.	PUNCT
ajeer-7479	278	1	venture	venture	NOUN
ajeer-7479	278	2	capitalist	capitalist	ADJ
ajeer-7479	278	3	participation	participation	NOUN
ajeer-7479	278	4	and	and	CCONJ
ajeer-7479	278	5	the	the	DET
ajeer-7479	278	6	post	post	ADJ
ajeer-7479	278	7	-	-	ADJ
ajeer-7479	278	8	issue	issue	NOUN
ajeer-7479	278	9	operating	operating	NOUN
ajeer-7479	278	10	performance	performance	NOUN
ajeer-7479	278	11	of	of	ADP
ajeer-7479	278	12	ipo	ipo	NOUN
ajeer-7479	278	13	firms	firm	NOUN
ajeer-7479	278	14	.	.	PUNCT
ajeer-7479	279	1	managerial	managerial	ADJ
ajeer-7479	279	2	and	and	CCONJ
ajeer-7479	279	3	decision	decision	NOUN
ajeer-7479	279	4	economics	economic	NOUN
ajeer-7479	279	5	,	,	PUNCT
ajeer-7479	279	6	16(6	16(6	NUM
ajeer-7479	279	7	)	)	PUNCT
ajeer-7479	279	8	,	,	PUNCT
ajeer-7479	279	9	593–606	593–606	NUM
ajeer-7479	279	10	.	.	PUNCT
ajeer-7479	280	1	juergensen	juergensen	PROPN
ajeer-7479	280	2	,	,	PUNCT
ajeer-7479	280	3	j.	j.	PROPN
ajeer-7479	280	4	,	,	PUNCT
ajeer-7479	280	5	guimón	guimón	PROPN
ajeer-7479	280	6	,	,	PUNCT
ajeer-7479	280	7	j.	j.	PROPN
ajeer-7479	280	8	,	,	PUNCT
ajeer-7479	280	9	&	&	CCONJ
ajeer-7479	280	10	narula	narula	PROPN
ajeer-7479	280	11	,	,	PUNCT
ajeer-7479	280	12	r.	r.	PROPN
ajeer-7479	280	13	(	(	PUNCT
ajeer-7479	280	14	2020	2020	NUM
ajeer-7479	280	15	)	)	PUNCT
ajeer-7479	280	16	.	.	PUNCT
ajeer-7479	281	1	european	european	ADJ
ajeer-7479	281	2	smes	sme	NOUN
ajeer-7479	281	3	amidst	amidst	ADP
ajeer-7479	281	4	the	the	DET
ajeer-7479	281	5	covid-19	covid-19	PROPN
ajeer-7479	281	6	crisis	crisis	NOUN
ajeer-7479	281	7	:	:	PUNCT
ajeer-7479	281	8	assessing	assess	VERB
ajeer-7479	281	9	impact	impact	NOUN
ajeer-7479	281	10	and	and	CCONJ
ajeer-7479	281	11	policy	policy	NOUN
ajeer-7479	281	12	responses	response	NOUN
ajeer-7479	281	13	.	.	PUNCT
ajeer-7479	282	1	journal	journal	NOUN
ajeer-7479	282	2	of	of	ADP
ajeer-7479	282	3	industrial	industrial	ADJ
ajeer-7479	282	4	and	and	CCONJ
ajeer-7479	282	5	business	business	NOUN
ajeer-7479	282	6	economics	economic	NOUN
ajeer-7479	282	7	,	,	PUNCT
ajeer-7479	282	8	47(3	47(3	NOUN
ajeer-7479	282	9	)	)	PUNCT
ajeer-7479	282	10	,	,	PUNCT
ajeer-7479	282	11	499	499	NUM
ajeer-7479	282	12	-	-	SYM
ajeer-7479	282	13	510	510	NUM
ajeer-7479	282	14	.	.	PUNCT
ajeer-7479	283	1	https://doi.org/10.1007/s40812-020-00169-4	https://doi.org/10.1007/s40812-020-00169-4	NUM
ajeer-7479	283	2	karlsson	karlsson	PROPN
ajeer-7479	283	3	,	,	PUNCT
ajeer-7479	283	4	j.	j.	PROPN
ajeer-7479	283	5	(	(	PUNCT
ajeer-7479	283	6	2021	2021	NUM
ajeer-7479	283	7	)	)	PUNCT
ajeer-7479	283	8	.	.	PUNCT
ajeer-7479	284	1	firm	firm	ADJ
ajeer-7479	284	2	size	size	NOUN
ajeer-7479	284	3	and	and	CCONJ
ajeer-7479	284	4	growth	growth	NOUN
ajeer-7479	284	5	barriers	barrier	NOUN
ajeer-7479	284	6	:	:	PUNCT
ajeer-7479	284	7	a	a	DET
ajeer-7479	284	8	data	data	NOUN
ajeer-7479	284	9	-	-	PUNCT
ajeer-7479	284	10	driven	drive	VERB
ajeer-7479	284	11	approach	approach	NOUN
ajeer-7479	284	12	.	.	PUNCT
ajeer-7479	285	1	small	small	ADJ
ajeer-7479	285	2	business	business	NOUN
ajeer-7479	285	3	economics	economic	NOUN
ajeer-7479	285	4	,	,	PUNCT
ajeer-7479	285	5	57(3	57(3	NUM
ajeer-7479	285	6	)	)	PUNCT
ajeer-7479	285	7	,	,	PUNCT
ajeer-7479	285	8	1319	1319	NUM
ajeer-7479	285	9	-	-	SYM
ajeer-7479	285	10	1338	1338	NUM
ajeer-7479	285	11	.	.	PUNCT
ajeer-7479	286	1	https://doi.org/10.1007/s11187-020-00350-y	https://doi.org/10.1007/s11187-020-00350-y	ADJ
ajeer-7479	286	2	karmaker	karmaker	NOUN
ajeer-7479	286	3	,	,	PUNCT
ajeer-7479	286	4	c.	c.	PROPN
ajeer-7479	286	5	l.	l.	PROPN
ajeer-7479	286	6	,	,	PUNCT
ajeer-7479	286	7	al	al	PROPN
ajeer-7479	286	8	aziz	aziz	PROPN
ajeer-7479	286	9	,	,	PUNCT
ajeer-7479	286	10	r.	r.	PROPN
ajeer-7479	286	11	,	,	PUNCT
ajeer-7479	286	12	palit	palit	NOUN
ajeer-7479	286	13	,	,	PUNCT
ajeer-7479	286	14	t.	t.	PROPN
ajeer-7479	286	15	,	,	PUNCT
ajeer-7479	286	16	&	&	CCONJ
ajeer-7479	286	17	bari	bari	NOUN
ajeer-7479	286	18	,	,	PUNCT
ajeer-7479	286	19	a.	a.	NOUN
ajeer-7479	286	20	m.	m.	NOUN
ajeer-7479	286	21	(	(	PUNCT
ajeer-7479	286	22	2023	2023	NUM
ajeer-7479	286	23	)	)	PUNCT
ajeer-7479	286	24	.	.	PUNCT
ajeer-7479	287	1	analyzing	analyze	VERB
ajeer-7479	287	2	supply	supply	NOUN
ajeer-7479	287	3	chain	chain	NOUN
ajeer-7479	287	4	risk	risk	NOUN
ajeer-7479	287	5	factors	factor	NOUN
ajeer-7479	287	6	in	in	ADP
ajeer-7479	287	7	the	the	DET
ajeer-7479	287	8	small	small	ADJ
ajeer-7479	287	9	and	and	CCONJ
ajeer-7479	287	10	medium	medium	ADJ
ajeer-7479	287	11	enterprises	enterprise	NOUN
ajeer-7479	287	12	under	under	ADP
ajeer-7479	287	13	fuzzy	fuzzy	ADJ
ajeer-7479	287	14	environment	environment	NOUN
ajeer-7479	287	15	:	:	PUNCT
ajeer-7479	287	16	implications	implication	NOUN
ajeer-7479	287	17	towards	towards	ADP
ajeer-7479	287	18	sustainability	sustainability	NOUN
ajeer-7479	287	19	for	for	ADP
ajeer-7479	287	20	emerging	emerge	VERB
ajeer-7479	287	21	economies	economy	NOUN
ajeer-7479	287	22	.	.	PUNCT
ajeer-7479	288	1	sustainable	sustainable	ADJ
ajeer-7479	288	2	technology	technology	NOUN
ajeer-7479	288	3	and	and	CCONJ
ajeer-7479	288	4	entrepreneurship	entrepreneurship	NOUN
ajeer-7479	288	5	,	,	PUNCT
ajeer-7479	288	6	2(1	2(1	NUM
ajeer-7479	288	7	)	)	PUNCT
ajeer-7479	288	8	,	,	PUNCT
ajeer-7479	288	9	100032	100032	NUM
ajeer-7479	288	10	.	.	PUNCT
ajeer-7479	289	1	https://doi.org/10.1016/j.stae.2022.100032	https://doi.org/10.1016/j.stae.2022.100032	PROPN
ajeer-7479	289	2	kutsuna	kutsuna	PROPN
ajeer-7479	289	3	,	,	PUNCT
ajeer-7479	289	4	k.	k.	PROPN
ajeer-7479	289	5	,	,	PUNCT
ajeer-7479	289	6	okamura	okamura	PROPN
ajeer-7479	289	7	,	,	PUNCT
ajeer-7479	289	8	h.	h.	PROPN
ajeer-7479	289	9	,	,	PUNCT
ajeer-7479	289	10	&	&	CCONJ
ajeer-7479	289	11	cowling	cowling	NOUN
ajeer-7479	289	12	,	,	PUNCT
ajeer-7479	289	13	m.	m.	NOUN
ajeer-7479	289	14	(	(	PUNCT
ajeer-7479	289	15	2002	2002	NUM
ajeer-7479	289	16	)	)	PUNCT
ajeer-7479	289	17	.	.	PUNCT
ajeer-7479	290	1	ownership	ownership	NOUN
ajeer-7479	290	2	structure	structure	NOUN
ajeer-7479	290	3	pre	pre	ADJ
ajeer-7479	290	4	-	-	ADJ
ajeer-7479	290	5	and	and	CCONJ
ajeer-7479	290	6	post	post	ADJ
ajeer-7479	290	7	-	-	NOUN
ajeer-7479	290	8	ipos	ipos	NOUN
ajeer-7479	290	9	and	and	CCONJ
ajeer-7479	290	10	the	the	DET
ajeer-7479	290	11	operating	operating	NOUN
ajeer-7479	290	12	performance	performance	NOUN
ajeer-7479	290	13	of	of	ADP
ajeer-7479	290	14	jasdaq	jasdaq	PROPN
ajeer-7479	290	15	companies	company	NOUN
ajeer-7479	290	16	.	.	PUNCT
ajeer-7479	291	1	pacific	pacific	ADJ
ajeer-7479	291	2	-	-	PUNCT
ajeer-7479	291	3	basin	basin	NOUN
ajeer-7479	291	4	finance	finance	NOUN
ajeer-7479	291	5	journal	journal	NOUN
ajeer-7479	291	6	,	,	PUNCT
ajeer-7479	291	7	10(2	10(2	NUM
ajeer-7479	291	8	)	)	PUNCT
ajeer-7479	291	9	,	,	PUNCT
ajeer-7479	291	10	163	163	NUM
ajeer-7479	291	11	-	-	SYM
ajeer-7479	291	12	181	181	NUM
ajeer-7479	291	13	.	.	PUNCT
ajeer-7479	292	1	https://doi.org/10.1016/s0927-538x(01)00041-5	https://doi.org/10.1016/s0927-538x(01)00041-5	PROPN
ajeer-7479	292	2	lehmann	lehmann	PROPN
ajeer-7479	292	3	,	,	PUNCT
ajeer-7479	292	4	a.	a.	NOUN
ajeer-7479	292	5	(	(	PUNCT
ajeer-7479	292	6	2023	2023	NUM
ajeer-7479	292	7	)	)	PUNCT
ajeer-7479	292	8	.	.	PUNCT
ajeer-7479	293	1	the	the	DET
ajeer-7479	293	2	listing	listing	NOUN
ajeer-7479	293	3	act	act	NOUN
ajeer-7479	293	4	:	:	PUNCT
ajeer-7479	293	5	no	no	PRON
ajeer-7479	293	6	more	more	ADJ
ajeer-7479	293	7	than	than	ADP
ajeer-7479	293	8	a	a	DET
ajeer-7479	293	9	minor	minor	ADJ
ajeer-7479	293	10	boost	boost	NOUN
ajeer-7479	293	11	to	to	ADP
ajeer-7479	293	12	eu	eu	PROPN
ajeer-7479	293	13	equity	equity	NOUN
ajeer-7479	293	14	markets	market	NOUN
ajeer-7479	293	15	,	,	PUNCT
ajeer-7479	293	16	bruegel	bruegel	NOUN
ajeer-7479	293	17	.	.	PUNCT
ajeer-7479	294	1	retrieved	retrieve	VERB
ajeer-7479	294	2	from	from	ADP
ajeer-7479	294	3	https://www.bruegel.org/analysis/listing-act-no-more-minor-boost-eu-equity-markets	https://www.bruegel.org/analysis/listing-act-no-more-minor-boost-eu-equity-markets	PUNCT
ajeer-7479	294	4	leland	leland	PROPN
ajeer-7479	294	5	,	,	PUNCT
ajeer-7479	294	6	h.	h.	PROPN
ajeer-7479	294	7	e.	e.	PROPN
ajeer-7479	294	8	,	,	PUNCT
ajeer-7479	294	9	&	&	CCONJ
ajeer-7479	294	10	pyle	pyle	PROPN
ajeer-7479	294	11	,	,	PUNCT
ajeer-7479	294	12	d.	d.	PROPN
ajeer-7479	294	13	h.	h.	PROPN
ajeer-7479	294	14	(	(	PUNCT
ajeer-7479	294	15	1977	1977	NUM
ajeer-7479	294	16	)	)	PUNCT
ajeer-7479	294	17	.	.	PUNCT
ajeer-7479	295	1	informational	informational	ADJ
ajeer-7479	295	2	asymmetries	asymmetry	NOUN
ajeer-7479	295	3	,	,	PUNCT
ajeer-7479	295	4	financial	financial	ADJ
ajeer-7479	295	5	structure	structure	NOUN
ajeer-7479	295	6	,	,	PUNCT
ajeer-7479	295	7	and	and	CCONJ
ajeer-7479	295	8	financial	financial	ADJ
ajeer-7479	295	9	intermediation	intermediation	NOUN
ajeer-7479	295	10	.	.	PUNCT
ajeer-7479	296	1	journal	journal	PROPN
ajeer-7479	296	2	of	of	ADP
ajeer-7479	296	3	finance	finance	NOUN
ajeer-7479	296	4	,	,	PUNCT
ajeer-7479	296	5	32(2	32(2	NUM
ajeer-7479	296	6	)	)	PUNCT
ajeer-7479	296	7	,	,	PUNCT
ajeer-7479	296	8	371	371	NUM
ajeer-7479	296	9	–	–	PUNCT
ajeer-7479	296	10	387	387	NUM
ajeer-7479	296	11	.	.	PUNCT
ajeer-7479	297	1	https://doi.org/10.1111/j.1540-6261.1977.tb03277.x	https://doi.org/10.1111/j.1540-6261.1977.tb03277.x	NOUN
ajeer-7479	297	2	lopez	lopez	NOUN
ajeer-7479	297	3	-	-	PUNCT
ajeer-7479	297	4	de	de	NOUN
ajeer-7479	297	5	-	-	NOUN
ajeer-7479	297	6	silanes	silanes	PROPN
ajeer-7479	297	7	,	,	PUNCT
ajeer-7479	297	8	f.	f.	PROPN
ajeer-7479	297	9	,	,	PUNCT
ajeer-7479	297	10	phalippou	phalippou	PROPN
ajeer-7479	297	11	,	,	PUNCT
ajeer-7479	297	12	l.	l.	PROPN
ajeer-7479	297	13	,	,	PUNCT
ajeer-7479	297	14	&	&	CCONJ
ajeer-7479	297	15	gottschalg	gottschalg	PROPN
ajeer-7479	297	16	,	,	PUNCT
ajeer-7479	297	17	o.	o.	NOUN
ajeer-7479	297	18	(	(	PUNCT
ajeer-7479	297	19	2015	2015	NUM
ajeer-7479	297	20	)	)	PUNCT
ajeer-7479	297	21	.	.	PUNCT
ajeer-7479	298	1	giants	giant	NOUN
ajeer-7479	298	2	at	at	ADP
ajeer-7479	298	3	the	the	DET
ajeer-7479	298	4	gate	gate	NOUN
ajeer-7479	298	5	:	:	PUNCT
ajeer-7479	298	6	investment	investment	NOUN
ajeer-7479	298	7	returns	return	NOUN
ajeer-7479	298	8	and	and	CCONJ
ajeer-7479	298	9	diseconomies	diseconomie	NOUN
ajeer-7479	298	10	of	of	ADP
ajeer-7479	298	11	scale	scale	NOUN
ajeer-7479	298	12	in	in	ADP
ajeer-7479	298	13	private	private	ADJ
ajeer-7479	298	14	equity	equity	NOUN
ajeer-7479	298	15	.	.	PUNCT
ajeer-7479	299	1	journal	journal	PROPN
ajeer-7479	299	2	of	of	ADP
ajeer-7479	299	3	financial	financial	ADJ
ajeer-7479	299	4	and	and	CCONJ
ajeer-7479	299	5	quantitative	quantitative	ADJ
ajeer-7479	299	6	analysis	analysis	NOUN
ajeer-7479	299	7	,	,	PUNCT
ajeer-7479	299	8	50(3	50(3	NUM
ajeer-7479	299	9	)	)	PUNCT
ajeer-7479	299	10	,	,	PUNCT
ajeer-7479	299	11	377–411	377–411	NUM
ajeer-7479	299	12	.	.	PUNCT
ajeer-7479	300	1	mariani	mariani	PROPN
ajeer-7479	300	2	,	,	PUNCT
ajeer-7479	300	3	j.	j.	PROPN
ajeer-7479	300	4	,	,	PUNCT
ajeer-7479	300	5	&	&	CCONJ
ajeer-7479	300	6	spoletini	spoletini	PROPN
ajeer-7479	300	7	,	,	PUNCT
ajeer-7479	300	8	f.	f.	PROPN
ajeer-7479	300	9	(	(	PUNCT
ajeer-7479	300	10	2023	2023	NUM
ajeer-7479	300	11	)	)	PUNCT
ajeer-7479	300	12	.	.	PUNCT
ajeer-7479	301	1	smes	sme	NOUN
ajeer-7479	301	2	growth	growth	NOUN
ajeer-7479	301	3	markets	market	NOUN
ajeer-7479	301	4	:	:	PUNCT
ajeer-7479	301	5	analysis	analysis	NOUN
ajeer-7479	301	6	and	and	CCONJ
ajeer-7479	301	7	impact	impact	NOUN
ajeer-7479	301	8	of	of	ADP
ajeer-7479	301	9	investment	investment	NOUN
ajeer-7479	301	10	schemes	scheme	NOUN
ajeer-7479	301	11	.	.	PUNCT
ajeer-7479	302	1	master	master	NOUN
ajeer-7479	302	2	's	's	PART
ajeer-7479	302	3	thesis	thesis	NOUN
ajeer-7479	302	4	,	,	PUNCT
ajeer-7479	302	5	politecnico	politecnico	PROPN
ajeer-7479	302	6	di	di	X
ajeer-7479	302	7	milano	milano	PROPN
ajeer-7479	302	8	.	.	PUNCT
ajeer-7479	303	1	mehrotra	mehrotra	PROPN
ajeer-7479	303	2	,	,	PUNCT
ajeer-7479	303	3	n.	n.	NOUN
ajeer-7479	303	4	,	,	PUNCT
ajeer-7479	303	5	&	&	CCONJ
ajeer-7479	303	6	sergeyev	sergeyev	PROPN
ajeer-7479	303	7	,	,	PUNCT
ajeer-7479	303	8	d.	d.	PROPN
ajeer-7479	303	9	(	(	PUNCT
ajeer-7479	303	10	2021	2021	NUM
ajeer-7479	303	11	)	)	PUNCT
ajeer-7479	303	12	.	.	PUNCT
ajeer-7479	304	1	financial	financial	ADJ
ajeer-7479	304	2	shocks	shock	NOUN
ajeer-7479	304	3	,	,	PUNCT
ajeer-7479	304	4	firm	firm	ADJ
ajeer-7479	304	5	credit	credit	NOUN
ajeer-7479	304	6	and	and	CCONJ
ajeer-7479	304	7	the	the	DET
ajeer-7479	304	8	great	great	ADJ
ajeer-7479	304	9	recession	recession	NOUN
ajeer-7479	304	10	.	.	PUNCT
ajeer-7479	305	1	journal	journal	NOUN
ajeer-7479	305	2	of	of	ADP
ajeer-7479	305	3	monetary	monetary	ADJ
ajeer-7479	305	4	economics	economic	NOUN
ajeer-7479	305	5	,	,	PUNCT
ajeer-7479	305	6	117	117	NUM
ajeer-7479	305	7	,	,	PUNCT
ajeer-7479	305	8	296–315	296–315	NUM
ajeer-7479	305	9	.	.	PUNCT
ajeer-7479	305	10	https://doi.org/10.1016/j.jmoneco.2020.01.008	https://doi.org/10.1016/j.jmoneco.2020.01.008	PROPN
ajeer-7479	305	11	mikkelson	mikkelson	PROPN
ajeer-7479	305	12	,	,	PUNCT
ajeer-7479	305	13	w.	w.	PROPN
ajeer-7479	305	14	h.	h.	PROPN
ajeer-7479	305	15	,	,	PUNCT
ajeer-7479	305	16	partch	partch	PROPN
ajeer-7479	305	17	,	,	PUNCT
ajeer-7479	305	18	m.	m.	NOUN
ajeer-7479	305	19	m.	m.	NOUN
ajeer-7479	305	20	,	,	PUNCT
ajeer-7479	305	21	&	&	CCONJ
ajeer-7479	305	22	shah	shah	PROPN
ajeer-7479	305	23	,	,	PUNCT
ajeer-7479	305	24	k.	k.	PROPN
ajeer-7479	305	25	(	(	PUNCT
ajeer-7479	305	26	1997	1997	NUM
ajeer-7479	305	27	)	)	PUNCT
ajeer-7479	305	28	.	.	PUNCT
ajeer-7479	306	1	ownership	ownership	NOUN
ajeer-7479	306	2	and	and	CCONJ
ajeer-7479	306	3	operating	operating	NOUN
ajeer-7479	306	4	performance	performance	NOUN
ajeer-7479	306	5	of	of	ADP
ajeer-7479	306	6	companies	company	NOUN
ajeer-7479	306	7	that	that	PRON
ajeer-7479	306	8	go	go	VERB
ajeer-7479	306	9	public	public	ADJ
ajeer-7479	306	10	.	.	PUNCT
ajeer-7479	307	1	journal	journal	NOUN
ajeer-7479	307	2	of	of	ADP
ajeer-7479	307	3	financial	financial	ADJ
ajeer-7479	307	4	economics	economic	NOUN
ajeer-7479	307	5	,	,	PUNCT
ajeer-7479	307	6	44(3	44(3	NOUN
ajeer-7479	307	7	)	)	PUNCT
ajeer-7479	307	8	,	,	PUNCT
ajeer-7479	307	9	281–307	281–307	NUM
ajeer-7479	307	10	.	.	PUNCT
ajeer-7479	308	1	modigliani	modigliani	PROPN
ajeer-7479	308	2	,	,	PUNCT
ajeer-7479	308	3	f.	f.	PROPN
ajeer-7479	308	4	,	,	PUNCT
ajeer-7479	308	5	&	&	CCONJ
ajeer-7479	308	6	miller	miller	PROPN
ajeer-7479	308	7	,	,	PUNCT
ajeer-7479	308	8	m.	m.	NOUN
ajeer-7479	308	9	h.	h.	PROPN
ajeer-7479	308	10	(	(	PUNCT
ajeer-7479	308	11	1958	1958	NUM
ajeer-7479	308	12	)	)	PUNCT
ajeer-7479	308	13	.	.	PUNCT
ajeer-7479	309	1	the	the	DET
ajeer-7479	309	2	cost	cost	NOUN
ajeer-7479	309	3	of	of	ADP
ajeer-7479	309	4	capital	capital	NOUN
ajeer-7479	309	5	,	,	PUNCT
ajeer-7479	309	6	corporation	corporation	NOUN
ajeer-7479	309	7	finance	finance	NOUN
ajeer-7479	309	8	,	,	PUNCT
ajeer-7479	309	9	and	and	CCONJ
ajeer-7479	309	10	the	the	DET
ajeer-7479	309	11	theory	theory	NOUN
ajeer-7479	309	12	of	of	ADP
ajeer-7479	309	13	investment	investment	NOUN
ajeer-7479	309	14	.	.	PUNCT
ajeer-7479	310	1	american	american	PROPN
ajeer-7479	310	2	economic	economic	PROPN
ajeer-7479	310	3	review	review	PROPN
ajeer-7479	310	4	,	,	PUNCT
ajeer-7479	310	5	48(3	48(3	PROPN
ajeer-7479	310	6	)	)	PUNCT
ajeer-7479	310	7	,	,	PUNCT
ajeer-7479	310	8	433–443	433–443	NUM
ajeer-7479	310	9	.	.	PUNCT
ajeer-7479	311	1	modigliani	modigliani	PROPN
ajeer-7479	311	2	,	,	PUNCT
ajeer-7479	311	3	f.	f.	PROPN
ajeer-7479	311	4	,	,	PUNCT
ajeer-7479	311	5	&	&	CCONJ
ajeer-7479	311	6	miller	miller	PROPN
ajeer-7479	311	7	,	,	PUNCT
ajeer-7479	311	8	m.	m.	NOUN
ajeer-7479	311	9	h.	h.	PROPN
ajeer-7479	311	10	(	(	PUNCT
ajeer-7479	311	11	1963	1963	NUM
ajeer-7479	311	12	)	)	PUNCT
ajeer-7479	311	13	.	.	PUNCT
ajeer-7479	312	1	corporate	corporate	ADJ
ajeer-7479	312	2	income	income	NOUN
ajeer-7479	312	3	taxes	taxis	NOUN
ajeer-7479	312	4	and	and	CCONJ
ajeer-7479	312	5	the	the	DET
ajeer-7479	312	6	cost	cost	NOUN
ajeer-7479	312	7	of	of	ADP
ajeer-7479	312	8	capital	capital	NOUN
ajeer-7479	312	9	:	:	PUNCT
ajeer-7479	312	10	a	a	DET
ajeer-7479	312	11	correction	correction	NOUN
ajeer-7479	312	12	.	.	PUNCT
ajeer-7479	313	1	american	american	PROPN
ajeer-7479	313	2	economic	economic	PROPN
ajeer-7479	313	3	review	review	PROPN
ajeer-7479	313	4	,	,	PUNCT
ajeer-7479	313	5	53(3	53(3	NUM
ajeer-7479	313	6	)	)	PUNCT
ajeer-7479	313	7	,	,	PUNCT
ajeer-7479	313	8	261–297	261–297	NUM
ajeer-7479	313	9	.	.	PUNCT
ajeer-7479	314	1	myers	myers	PROPN
ajeer-7479	314	2	,	,	PUNCT
ajeer-7479	314	3	s.	s.	PROPN
ajeer-7479	314	4	c.	c.	PROPN
ajeer-7479	314	5	,	,	PUNCT
ajeer-7479	314	6	&	&	CCONJ
ajeer-7479	314	7	majluf	majluf	PROPN
ajeer-7479	314	8	,	,	PUNCT
ajeer-7479	314	9	n.	n.	PROPN
ajeer-7479	314	10	s.	s.	PROPN
ajeer-7479	314	11	(	(	PUNCT
ajeer-7479	314	12	1984	1984	NUM
ajeer-7479	314	13	)	)	PUNCT
ajeer-7479	314	14	.	.	PUNCT
ajeer-7479	315	1	corporate	corporate	ADJ
ajeer-7479	315	2	financing	financing	NOUN
ajeer-7479	315	3	and	and	CCONJ
ajeer-7479	315	4	investment	investment	NOUN
ajeer-7479	315	5	decisions	decision	NOUN
ajeer-7479	315	6	when	when	SCONJ
ajeer-7479	315	7	firms	firm	NOUN
ajeer-7479	315	8	have	have	VERB
ajeer-7479	315	9	information	information	NOUN
ajeer-7479	315	10	that	that	SCONJ
ajeer-7479	315	11	investors	investor	NOUN
ajeer-7479	315	12	do	do	AUX
ajeer-7479	315	13	not	not	PART
ajeer-7479	315	14	have	have	VERB
ajeer-7479	315	15	.	.	PUNCT
ajeer-7479	316	1	journal	journal	NOUN
ajeer-7479	316	2	of	of	ADP
ajeer-7479	316	3	financial	financial	ADJ
ajeer-7479	316	4	economics	economic	NOUN
ajeer-7479	316	5	,	,	PUNCT
ajeer-7479	316	6	13(2	13(2	PROPN
ajeer-7479	316	7	)	)	PUNCT
ajeer-7479	316	8	,	,	PUNCT
ajeer-7479	316	9	187–221	187–221	NUM
ajeer-7479	316	10	.	.	PUNCT
ajeer-7479	317	1	https://doi.org/10.1016/0304-405x(84)90023-0	https://doi.org/10.1016/0304-405x(84)90023-0	PROPN
ajeer-7479	317	2	ortigueira	ortigueira	PROPN
ajeer-7479	317	3	-	-	PUNCT
ajeer-7479	317	4	sánchez	sánchez	PROPN
ajeer-7479	317	5	,	,	PUNCT
ajeer-7479	317	6	l.	l.	PROPN
ajeer-7479	317	7	c.	c.	PROPN
ajeer-7479	317	8	,	,	PUNCT
ajeer-7479	317	9	welsh	welsh	PROPN
ajeer-7479	317	10	,	,	PUNCT
ajeer-7479	317	11	d.	d.	PROPN
ajeer-7479	317	12	h.	h.	PROPN
ajeer-7479	317	13	,	,	PUNCT
ajeer-7479	317	14	&	&	CCONJ
ajeer-7479	317	15	stein	stein	PROPN
ajeer-7479	317	16	,	,	PUNCT
ajeer-7479	317	17	w.	w.	PROPN
ajeer-7479	317	18	c.	c.	PROPN
ajeer-7479	317	19	(	(	PUNCT
ajeer-7479	317	20	2022	2022	NUM
ajeer-7479	317	21	)	)	PUNCT
ajeer-7479	317	22	.	.	PUNCT
ajeer-7479	318	1	innovation	innovation	NOUN
ajeer-7479	318	2	drivers	driver	NOUN
ajeer-7479	318	3	for	for	ADP
ajeer-7479	318	4	export	export	NOUN
ajeer-7479	318	5	performance	performance	NOUN
ajeer-7479	318	6	.	.	PUNCT
ajeer-7479	319	1	sustainable	sustainable	ADJ
ajeer-7479	319	2	technology	technology	NOUN
ajeer-7479	319	3	and	and	CCONJ
ajeer-7479	319	4	entrepreneurship	entrepreneurship	NOUN
ajeer-7479	319	5	,	,	PUNCT
ajeer-7479	319	6	1(2	1(2	NUM
ajeer-7479	319	7	)	)	PUNCT
ajeer-7479	319	8	,	,	PUNCT
ajeer-7479	319	9	100013	100013	NUM
ajeer-7479	319	10	.	.	PUNCT
ajeer-7479	320	1	https://doi.org/10.1016/j.stae.2022.100013	https://doi.org/10.1016/j.stae.2022.100013	ADJ
ajeer-7479	320	2	pagano	pagano	NOUN
ajeer-7479	320	3	,	,	PUNCT
ajeer-7479	320	4	m.	m.	NOUN
ajeer-7479	320	5	,	,	PUNCT
ajeer-7479	320	6	panetta	panetta	PROPN
ajeer-7479	320	7	,	,	PUNCT
ajeer-7479	320	8	f.	f.	PROPN
ajeer-7479	320	9	,	,	PUNCT
ajeer-7479	320	10	&	&	CCONJ
ajeer-7479	320	11	zingales	zingales	PROPN
ajeer-7479	320	12	,	,	PUNCT
ajeer-7479	320	13	l.	l.	PROPN
ajeer-7479	320	14	(	(	PUNCT
ajeer-7479	320	15	1998	1998	NUM
ajeer-7479	320	16	)	)	PUNCT
ajeer-7479	320	17	.	.	PUNCT
ajeer-7479	321	1	why	why	SCONJ
ajeer-7479	321	2	do	do	AUX
ajeer-7479	321	3	companies	company	NOUN
ajeer-7479	321	4	go	go	VERB
ajeer-7479	321	5	public	public	ADJ
ajeer-7479	321	6	:	:	PUNCT
ajeer-7479	321	7	an	an	DET
ajeer-7479	321	8	empirical	empirical	ADJ
ajeer-7479	321	9	analysis	analysis	NOUN
ajeer-7479	321	10	.	.	PUNCT
ajeer-7479	322	1	the	the	DET
ajeer-7479	322	2	journal	journal	PROPN
ajeer-7479	322	3	of	of	ADP
ajeer-7479	322	4	finance	finance	NOUN
ajeer-7479	322	5	,	,	PUNCT
ajeer-7479	322	6	53(1	53(1	PROPN
ajeer-7479	322	7	)	)	PUNCT
ajeer-7479	322	8	,	,	PUNCT
ajeer-7479	322	9	27–64	27–64	PROPN
ajeer-7479	322	10	.	.	PUNCT
ajeer-7479	323	1	https://doi.org/10.1111/0022-1082.25448	https://doi.org/10.1111/0022-1082.25448	PROPN
ajeer-7479	323	2	pastusiak	pastusiak	PROPN
ajeer-7479	323	3	,	,	PUNCT
ajeer-7479	323	4	r.	r.	PROPN
ajeer-7479	323	5	,	,	PUNCT
ajeer-7479	323	6	bolek	bolek	NOUN
ajeer-7479	323	7	,	,	PUNCT
ajeer-7479	323	8	m.	m.	NOUN
ajeer-7479	323	9	,	,	PUNCT
ajeer-7479	323	10	&	&	CCONJ
ajeer-7479	323	11	matuszewska	matuszewska	PROPN
ajeer-7479	323	12	-	-	PUNCT
ajeer-7479	323	13	janica	janica	PROPN
ajeer-7479	323	14	,	,	PUNCT
ajeer-7479	323	15	a.	a.	NOUN
ajeer-7479	323	16	(	(	PUNCT
ajeer-7479	323	17	2016	2016	NUM
ajeer-7479	323	18	)	)	PUNCT
ajeer-7479	323	19	.	.	PUNCT
ajeer-7479	324	1	profitability	profitability	NOUN
ajeer-7479	324	2	of	of	ADP
ajeer-7479	324	3	polish	polish	ADJ
ajeer-7479	324	4	medium	medium	ADJ
ajeer-7479	324	5	-	-	PUNCT
ajeer-7479	324	6	sized	sized	ADJ
ajeer-7479	324	7	enterprises	enterprise	NOUN
ajeer-7479	324	8	listed	list	VERB
ajeer-7479	324	9	on	on	ADP
ajeer-7479	324	10	the	the	DET
ajeer-7479	324	11	warsaw	warsaw	PROPN
ajeer-7479	324	12	stock	stock	PROPN
ajeer-7479	324	13	exchange	exchange	PROPN
ajeer-7479	324	14	.	.	PUNCT
ajeer-7479	325	1	ekonomska	ekonomska	ADJ
ajeer-7479	325	2	istraživanja	istraživanja	PROPN
ajeer-7479	325	3	,	,	PUNCT
ajeer-7479	325	4	29(1	29(1	NUM
ajeer-7479	325	5	)	)	PUNCT
ajeer-7479	325	6	,	,	PUNCT
ajeer-7479	325	7	894–906	894–906	NUM
ajeer-7479	325	8	.	.	PUNCT
ajeer-7479	325	9	ritter	ritter	PROPN
ajeer-7479	325	10	,	,	PUNCT
ajeer-7479	325	11	j.	j.	PROPN
ajeer-7479	325	12	r.	r.	PROPN
ajeer-7479	325	13	,	,	PUNCT
ajeer-7479	325	14	&	&	CCONJ
ajeer-7479	325	15	welch	welch	PROPN
ajeer-7479	325	16	,	,	PUNCT
ajeer-7479	325	17	i.	i.	PROPN
ajeer-7479	325	18	(	(	PUNCT
ajeer-7479	325	19	2002	2002	NUM
ajeer-7479	325	20	)	)	PUNCT
ajeer-7479	325	21	.	.	PUNCT
ajeer-7479	326	1	a	a	DET
ajeer-7479	326	2	review	review	NOUN
ajeer-7479	326	3	of	of	ADP
ajeer-7479	326	4	ipo	ipo	NOUN
ajeer-7479	326	5	activity	activity	NOUN
ajeer-7479	326	6	,	,	PUNCT
ajeer-7479	326	7	pricing	pricing	NOUN
ajeer-7479	326	8	,	,	PUNCT
ajeer-7479	326	9	and	and	CCONJ
ajeer-7479	326	10	allocations	allocation	NOUN
ajeer-7479	326	11	.	.	PUNCT
ajeer-7479	327	1	journal	journal	NOUN
ajeer-7479	327	2	of	of	ADP
ajeer-7479	327	3	finance	finance	NOUN
ajeer-7479	327	4	,	,	PUNCT
ajeer-7479	327	5	57(4	57(4	NUM
ajeer-7479	327	6	)	)	PUNCT
ajeer-7479	327	7	,	,	PUNCT
ajeer-7479	327	8	1795–1828	1795–1828	NUM
ajeer-7479	327	9	.	.	PUNCT
ajeer-7479	328	1	https://doi.org/10.1111/1540-6261.00478	https://doi.org/10.1111/1540-6261.00478	PROPN
ajeer-7479	328	2	sentis	sentis	PROPN
ajeer-7479	328	3	,	,	PUNCT
ajeer-7479	328	4	p.	p.	NOUN
ajeer-7479	328	5	(	(	PUNCT
ajeer-7479	328	6	2001	2001	NUM
ajeer-7479	328	7	)	)	PUNCT
ajeer-7479	328	8	.	.	PUNCT
ajeer-7479	329	1	operational	operational	ADJ
ajeer-7479	329	2	and	and	CCONJ
ajeer-7479	329	3	stock	stock	NOUN
ajeer-7479	329	4	market	market	NOUN
ajeer-7479	329	5	performance	performance	NOUN
ajeer-7479	329	6	of	of	ADP
ajeer-7479	329	7	companies	company	NOUN
ajeer-7479	329	8	listed	list	VERB
ajeer-7479	329	9	on	on	ADP
ajeer-7479	329	10	the	the	DET
ajeer-7479	329	11	stock	stock	NOUN
ajeer-7479	329	12	exchange	exchange	NOUN
ajeer-7479	329	13	:	:	PUNCT
ajeer-7479	329	14	the	the	DET
ajeer-7479	329	15	french	french	ADJ
ajeer-7479	329	16	case	case	NOUN
ajeer-7479	329	17	1991	1991	NUM
ajeer-7479	329	18	-	-	SYM
ajeer-7479	329	19	1995	1995	NUM
ajeer-7479	329	20	”	"	PUNCT
ajeer-7479	329	21	.	.	PUNCT
ajeer-7479	330	1	paris	paris	PROPN
ajeer-7479	330	2	:	:	PUNCT
ajeer-7479	330	3	edition	edition	NOUN
ajeer-7479	330	4	dalloz	dalloz	PROPN
ajeer-7479	330	5	.	.	PUNCT
ajeer-7479	331	1	sentis	sentis	PROPN
ajeer-7479	331	2	,	,	PUNCT
ajeer-7479	331	3	p.	p.	NOUN
ajeer-7479	331	4	(	(	PUNCT
ajeer-7479	331	5	2004	2004	NUM
ajeer-7479	331	6	)	)	PUNCT
ajeer-7479	331	7	.	.	PUNCT
ajeer-7479	332	1	introduction	introduction	NOUN
ajeer-7479	332	2	to	to	ADP
ajeer-7479	332	3	the	the	DET
ajeer-7479	332	4	stock	stock	NOUN
ajeer-7479	332	5	market	market	NOUN
ajeer-7479	332	6	,	,	PUNCT
ajeer-7479	332	7	an	an	DET
ajeer-7479	332	8	international	international	ADJ
ajeer-7479	332	9	approach	approach	NOUN
ajeer-7479	332	10	.	.	PUNCT
ajeer-7479	333	1	paris	paris	PROPN
ajeer-7479	333	2	:	:	PUNCT
ajeer-7479	334	1	economica	economica	PROPN
ajeer-7479	334	2	.	.	PUNCT
ajeer-7479	335	1	serve	serve	PROPN
ajeer-7479	335	2	,	,	PUNCT
ajeer-7479	335	3	s.	s.	PROPN
ajeer-7479	335	4	(	(	PUNCT
ajeer-7479	335	5	2007	2007	NUM
ajeer-7479	335	6	)	)	PUNCT
ajeer-7479	335	7	.	.	PUNCT
ajeer-7479	336	1	“	"	PUNCT
ajeer-7479	336	2	the	the	DET
ajeer-7479	336	3	impact	impact	NOUN
ajeer-7479	336	4	of	of	ADP
ajeer-7479	336	5	admission	admission	NOUN
ajeer-7479	336	6	to	to	ADP
ajeer-7479	336	7	listing	list	VERB
ajeer-7479	336	8	on	on	ADP
ajeer-7479	336	9	the	the	DET
ajeer-7479	336	10	economic	economic	ADJ
ajeer-7479	336	11	performance	performance	NOUN
ajeer-7479	336	12	of	of	ADP
ajeer-7479	336	13	companies	company	NOUN
ajeer-7479	336	14	”	"	PUNCT
ajeer-7479	336	15	.	.	PUNCT
ajeer-7479	337	1	grenoble	grenoble	ADJ
ajeer-7479	337	2	:	:	PUNCT
ajeer-7479	337	3	grenoble	grenoble	ADJ
ajeer-7479	337	4	university	university	NOUN
ajeer-7479	337	5	press	press	NOUN
ajeer-7479	337	6	.	.	PUNCT
ajeer-7479	338	1	sommer	sommer	NOUN
ajeer-7479	338	2	,	,	PUNCT
ajeer-7479	338	3	c.	c.	NOUN
ajeer-7479	338	4	(	(	PUNCT
ajeer-7479	338	5	2024	2024	NUM
ajeer-7479	338	6	)	)	PUNCT
ajeer-7479	338	7	.	.	PUNCT
ajeer-7479	339	1	the	the	DET
ajeer-7479	339	2	role	role	NOUN
ajeer-7479	339	3	of	of	ADP
ajeer-7479	339	4	capital	capital	NOUN
ajeer-7479	339	5	markets	market	NOUN
ajeer-7479	339	6	for	for	ADP
ajeer-7479	339	7	small	small	ADJ
ajeer-7479	339	8	and	and	CCONJ
ajeer-7479	339	9	medium	medium	ADJ
ajeer-7479	339	10	-	-	PUNCT
ajeer-7479	339	11	sized	sized	ADJ
ajeer-7479	339	12	enterprise	enterprise	NOUN
ajeer-7479	339	13	(	(	PUNCT
ajeer-7479	339	14	sme	sme	NOUN
ajeer-7479	339	15	)	)	PUNCT
ajeer-7479	339	16	finance	finance	NOUN
ajeer-7479	339	17	.	.	PUNCT
ajeer-7479	340	1	journal	journal	PROPN
ajeer-7479	340	2	of	of	ADP
ajeer-7479	340	3	development	development	NOUN
ajeer-7479	340	4	studies	study	NOUN
ajeer-7479	340	5	,	,	PUNCT
ajeer-7479	340	6	60(11	60(11	NUM
ajeer-7479	340	7	)	)	PUNCT
ajeer-7479	340	8	,	,	PUNCT
ajeer-7479	340	9	1812–1831	1812–1831	NUM
ajeer-7479	340	10	https://doi.org/10.1080/00220388.2024.2377299	https://doi.org/10.1080/00220388.2024.2377299	PROPN
ajeer-7479	340	11	stefanelli	stefanelli	PROPN
ajeer-7479	340	12	,	,	PUNCT
ajeer-7479	340	13	v.	v.	ADV
ajeer-7479	340	14	,	,	PUNCT
ajeer-7479	340	15	ferilli	ferilli	INTJ
ajeer-7479	340	16	,	,	PUNCT
ajeer-7479	340	17	g.	g.	PROPN
ajeer-7479	340	18	b.	b.	PROPN
ajeer-7479	340	19	,	,	PUNCT
ajeer-7479	340	20	&	&	CCONJ
ajeer-7479	340	21	boscia	boscia	PROPN
ajeer-7479	340	22	,	,	PUNCT
ajeer-7479	340	23	v.	v.	PROPN
ajeer-7479	340	24	(	(	PUNCT
ajeer-7479	340	25	2022	2022	NUM
ajeer-7479	340	26	)	)	PUNCT
ajeer-7479	340	27	.	.	PUNCT
ajeer-7479	341	1	exploring	explore	VERB
ajeer-7479	341	2	the	the	DET
ajeer-7479	341	3	lending	lending	NOUN
ajeer-7479	341	4	business	business	NOUN
ajeer-7479	341	5	crowdfunding	crowdfunding	NOUN
ajeer-7479	341	6	to	to	PART
ajeer-7479	341	7	support	support	VERB
ajeer-7479	341	8	smes	sme	NOUN
ajeer-7479	341	9	'	'	PART
ajeer-7479	341	10	financing	financing	NOUN
ajeer-7479	341	11	decisions	decision	NOUN
ajeer-7479	341	12	.	.	PUNCT
ajeer-7479	342	1	journal	journal	NOUN
ajeer-7479	342	2	of	of	ADP
ajeer-7479	342	3	innovation	innovation	NOUN
ajeer-7479	342	4	&	&	CCONJ
ajeer-7479	342	5	knowledge	knowledge	NOUN
ajeer-7479	342	6	,	,	PUNCT
ajeer-7479	342	7	7(4	7(4	NUM
ajeer-7479	342	8	)	)	PUNCT
ajeer-7479	342	9	,	,	PUNCT
ajeer-7479	342	10	100278	100278	NUM
ajeer-7479	342	11	.	.	PUNCT
ajeer-7479	343	1	https://doi.org/10.1016/j.jik.2022.100278	https://doi.org/10.1016/j.jik.2022.100278	PROPN
ajeer-7479	343	2	tarver	tarver	PROPN
ajeer-7479	343	3	,	,	PUNCT
ajeer-7479	343	4	e.	e.	PROPN
ajeer-7479	343	5	(	(	PUNCT
ajeer-7479	343	6	2022	2022	NUM
ajeer-7479	343	7	)	)	PUNCT
ajeer-7479	343	8	.	.	PUNCT
ajeer-7479	344	1	does	do	AUX
ajeer-7479	344	2	the	the	DET
ajeer-7479	344	3	tradeoff	tradeoff	NOUN
ajeer-7479	344	4	model	model	NOUN
ajeer-7479	344	5	or	or	CCONJ
ajeer-7479	344	6	the	the	DET
ajeer-7479	344	7	pecking	pecking	NOUN
ajeer-7479	344	8	order	order	NOUN
ajeer-7479	344	9	play	play	VERB
ajeer-7479	344	10	a	a	DET
ajeer-7479	344	11	greater	great	ADJ
ajeer-7479	344	12	role	role	NOUN
ajeer-7479	344	13	in	in	ADP
ajeer-7479	344	14	capital	capital	NOUN
ajeer-7479	344	15	budgeting	budgeting	NOUN
ajeer-7479	344	16	?	?	PUNCT
ajeer-7479	345	1	united	united	PROPN
ajeer-7479	345	2	states	states	PROPN
ajeer-7479	345	3	:	:	PUNCT
ajeer-7479	345	4	investopedia	investopedia	PROPN
ajeer-7479	345	5	academy	academy	PROPN
ajeer-7479	345	6	.	.	PUNCT
ajeer-7479	346	1	wang	wang	PROPN
ajeer-7479	346	2	,	,	PUNCT
ajeer-7479	346	3	c.	c.	PROPN
ajeer-7479	346	4	(	(	PUNCT
ajeer-7479	346	5	2005	2005	NUM
ajeer-7479	346	6	)	)	PUNCT
ajeer-7479	346	7	.	.	PUNCT
ajeer-7479	347	1	ownership	ownership	NOUN
ajeer-7479	347	2	and	and	CCONJ
ajeer-7479	347	3	operating	operating	NOUN
ajeer-7479	347	4	performance	performance	NOUN
ajeer-7479	347	5	of	of	ADP
ajeer-7479	347	6	chinese	chinese	PROPN
ajeer-7479	347	7	ipos	ipos	PROPN
ajeer-7479	347	8	.	.	PUNCT
ajeer-7479	348	1	journal	journal	PROPN
ajeer-7479	348	2	of	of	ADP
ajeer-7479	348	3	banking	banking	NOUN
ajeer-7479	348	4	and	and	CCONJ
ajeer-7479	348	5	finance	finance	NOUN
ajeer-7479	348	6	,	,	PUNCT
ajeer-7479	348	7	29(7	29(7	PROPN
ajeer-7479	348	8	)	)	PUNCT
ajeer-7479	348	9	,	,	PUNCT
ajeer-7479	348	10	1835–1856	1835–1856	NUM
ajeer-7479	348	11	.	.	PUNCT
ajeer-7479	349	1	https://doi.org/10.1016/j.jbankfin.2004.07.003	https://doi.org/10.1016/j.jbankfin.2004.07.003	ADJ
ajeer-7479	349	2	wehinger	wehinger	NOUN
ajeer-7479	349	3	,	,	PUNCT
ajeer-7479	349	4	g.	g.	PROPN
ajeer-7479	349	5	,	,	PUNCT
ajeer-7479	349	6	&	&	CCONJ
ajeer-7479	349	7	nassr	nassr	PROPN
ajeer-7479	349	8	,	,	PUNCT
ajeer-7479	349	9	i.	i.	PROPN
ajeer-7479	349	10	k.	k.	PROPN
ajeer-7479	349	11	(	(	PUNCT
ajeer-7479	349	12	2016	2016	NUM
ajeer-7479	349	13	)	)	PUNCT
ajeer-7479	349	14	.	.	PUNCT
ajeer-7479	350	1	opportunities	opportunity	NOUN
ajeer-7479	350	2	and	and	CCONJ
ajeer-7479	350	3	limitations	limitation	NOUN
ajeer-7479	350	4	of	of	ADP
ajeer-7479	350	5	public	public	ADJ
ajeer-7479	350	6	equity	equity	NOUN
ajeer-7479	350	7	markets	market	NOUN
ajeer-7479	350	8	for	for	ADP
ajeer-7479	350	9	smes	sme	NOUN
ajeer-7479	350	10	.	.	PUNCT
ajeer-7479	351	1	oecd	oecd	PROPN
ajeer-7479	351	2	journal	journal	PROPN
ajeer-7479	351	3	:	:	PUNCT
ajeer-7479	351	4	financial	financial	ADJ
ajeer-7479	351	5	market	market	NOUN
ajeer-7479	351	6	trends	trend	NOUN
ajeer-7479	351	7	,	,	PUNCT
ajeer-7479	351	8	2015(1	2015(1	NUM
ajeer-7479	351	9	)	)	PUNCT
ajeer-7479	351	10	,	,	PUNCT
ajeer-7479	351	11	49	49	NUM
ajeer-7479	351	12	-	-	SYM
ajeer-7479	351	13	84	84	NUM
ajeer-7479	351	14	.	.	PUNCT
ajeer-7479	352	1	https://doi.org/10.1787/fmt-2015-5jrs051fvnjk	https://doi.org/10.1787/fmt-2015-5jrs051fvnjk	NOUN
ajeer-7479	352	2	appendix	appendix	VERB
ajeer-7479	352	3	this	this	DET
ajeer-7479	352	4	table	table	NOUN
ajeer-7479	352	5	1	1	NUM
ajeer-7479	352	6	presents	present	VERB
ajeer-7479	352	7	the	the	DET
ajeer-7479	352	8	composition	composition	NOUN
ajeer-7479	352	9	of	of	ADP
ajeer-7479	352	10	the	the	DET
ajeer-7479	352	11	sample	sample	NOUN
ajeer-7479	352	12	,	,	PUNCT
ajeer-7479	352	13	distinguishing	distinguish	VERB
ajeer-7479	352	14	between	between	ADP
ajeer-7479	352	15	listed	list	VERB
ajeer-7479	352	16	and	and	CCONJ
ajeer-7479	352	17	unlisted	unlisted	ADJ
ajeer-7479	352	18	smes	sme	NOUN
ajeer-7479	352	19	.	.	PUNCT
ajeer-7479	353	1	the	the	DET
ajeer-7479	353	2	first	first	ADJ
ajeer-7479	353	3	group	group	NOUN
ajeer-7479	353	4	includes	include	VERB
ajeer-7479	353	5	firms	firm	NOUN
ajeer-7479	353	6	listed	list	VERB
ajeer-7479	353	7	on	on	ADP
ajeer-7479	353	8	unregulated	unregulated	ADJ
ajeer-7479	353	9	stock	stock	NOUN
ajeer-7479	353	10	markets	market	NOUN
ajeer-7479	353	11	,	,	PUNCT
ajeer-7479	353	12	while	while	SCONJ
ajeer-7479	353	13	the	the	DET
ajeer-7479	353	14	second	second	ADJ
ajeer-7479	353	15	group	group	NOUN
ajeer-7479	353	16	consists	consist	VERB
ajeer-7479	353	17	of	of	ADP
ajeer-7479	353	18	comparable	comparable	ADJ
ajeer-7479	353	19	unlisted	unlisted	ADJ
ajeer-7479	353	20	smes	sme	NOUN
ajeer-7479	353	21	.	.	PUNCT
ajeer-7479	354	1	these	these	DET
ajeer-7479	354	2	two	two	NUM
ajeer-7479	354	3	groups	group	NOUN
ajeer-7479	354	4	form	form	VERB
ajeer-7479	354	5	the	the	DET
ajeer-7479	354	6	basis	basis	NOUN
ajeer-7479	354	7	of	of	ADP
ajeer-7479	354	8	the	the	DET
ajeer-7479	354	9	statistical	statistical	ADJ
ajeer-7479	354	10	analyses	analysis	NOUN
ajeer-7479	354	11	conducted	conduct	VERB
ajeer-7479	354	12	in	in	ADP
ajeer-7479	354	13	the	the	DET
ajeer-7479	354	14	study	study	NOUN
ajeer-7479	354	15	.	.	PUNCT
ajeer-7479	355	1	table	table	NOUN
ajeer-7479	355	2	1	1	NUM
ajeer-7479	355	3	.	.	PUNCT
ajeer-7479	355	4	listed	list	VERB
ajeer-7479	355	5	eu	eu	PROPN
ajeer-7479	355	6	smes	smes	PROPN
ajeer-7479	355	7	.	.	PUNCT
ajeer-7479	356	1	listed	list	VERB
ajeer-7479	356	2	eu	eu	PROPN
ajeer-7479	356	3	smes	smes	PROPN
ajeer-7479	356	4	country	country	PROPN
ajeer-7479	356	5	year	year	NOUN
ajeer-7479	356	6	of	of	ADP
ajeer-7479	356	7	listing	list	VERB
ajeer-7479	356	8	unregulated	unregulated	ADJ
ajeer-7479	356	9	stock	stock	NOUN
ajeer-7479	356	10	market	market	NOUN
ajeer-7479	356	11	gimv	gimv	NOUN
ajeer-7479	356	12	nv	nv	PROPN
ajeer-7479	356	13	be	be	AUX
ajeer-7479	356	14	11/06/1997	11/06/1997	NUM
ajeer-7479	356	15	euronext	euronext	NOUN
ajeer-7479	356	16	access	access	NOUN
ajeer-7479	356	17	(	(	PUNCT
ajeer-7479	356	18	brussels	brussels	PROPN
ajeer-7479	356	19	)	)	PUNCT
ajeer-7479	356	20	gimv	gimv	NOUN
ajeer-7479	356	21	health	health	PROPN
ajeer-7479	356	22	&	&	CCONJ
ajeer-7479	356	23	care	care	PROPN
ajeer-7479	356	24	partners	partner	NOUN
ajeer-7479	356	25	(	(	PUNCT
ajeer-7479	356	26	listed	list	VERB
ajeer-7479	356	27	under	under	ADP
ajeer-7479	356	28	gimv	gimv	NOUN
ajeer-7479	356	29	)	)	PUNCT
ajeer-7479	356	30	be	be	AUX
ajeer-7479	356	31	24/03/2014	24/03/2014	NUM
ajeer-7479	356	32	euronext	euronext	NOUN
ajeer-7479	356	33	access	access	NOUN
ajeer-7479	356	34	(	(	PUNCT
ajeer-7479	356	35	brussels	brussels	PROPN
ajeer-7479	356	36	)	)	PUNCT
ajeer-7479	356	37	gimv	gimv	NOUN
ajeer-7479	356	38	be	be	AUX
ajeer-7479	356	39	11/06/1997	11/06/1997	NUM
ajeer-7479	356	40	euronext	euronext	NOUN
ajeer-7479	356	41	access	access	NOUN
ajeer-7479	356	42	(	(	PUNCT
ajeer-7479	356	43	brussels	brussels	PROPN
ajeer-7479	356	44	)	)	PUNCT
ajeer-7479	356	45	aktieselskabet	aktieselskabet	PROPN
ajeer-7479	356	46	schouw	schouw	PROPN
ajeer-7479	356	47	&	&	CCONJ
ajeer-7479	356	48	co.	co.	PROPN
ajeer-7479	357	1	dk	dk	PROPN
ajeer-7479	357	2	31/08/1987	31/08/1987	NUM
ajeer-7479	357	3	nasdaq	nasdaq	PROPN
ajeer-7479	357	4	copenhagen	copenhagen	PROPN
ajeer-7479	357	5	(	(	PUNCT
ajeer-7479	357	6	small	small	ADJ
ajeer-7479	357	7	cap	cap	NOUN
ajeer-7479	357	8	)	)	PUNCT
ajeer-7479	357	9	perseida	perseida	PROPN
ajeer-7479	357	10	renta	renta	PROPN
ajeer-7479	357	11	gestion	gestion	PROPN
ajeer-7479	357	12	sociedad	sociedad	PROPN
ajeer-7479	357	13	limitada	limitada	PROPN
ajeer-7479	357	14	.	.	PUNCT
ajeer-7479	358	1	es	es	X
ajeer-7479	358	2	13/12/2020	13/12/2020	NUM
ajeer-7479	358	3	euronext	euronext	NOUN
ajeer-7479	358	4	access	access	NOUN
ajeer-7479	358	5	(	(	PUNCT
ajeer-7479	358	6	paris	paris	PROPN
ajeer-7479	358	7	)	)	PUNCT
ajeer-7479	358	8	evli	evli	VERB
ajeer-7479	358	9	oyj	oyj	NUM
ajeer-7479	358	10	fi	fi	NOUN
ajeer-7479	358	11	16/11/2015	16/11/2015	NUM
ajeer-7479	358	12	nasdaq	nasdaq	PROPN
ajeer-7479	358	13	helsinki	helsinki	PROPN
ajeer-7479	358	14	(	(	PUNCT
ajeer-7479	358	15	mid	mid	ADJ
ajeer-7479	358	16	cap	cap	NOUN
ajeer-7479	358	17	)	)	PUNCT
ajeer-7479	358	18	coface	coface	PROPN
ajeer-7479	358	19	s.a	s.a	PROPN
ajeer-7479	358	20	.	.	PROPN
ajeer-7479	359	1	fr	fr	PROPN
ajeer-7479	359	2	27/06/2014	27/06/2014	NUM
ajeer-7479	359	3	euronext	euronext	PROPN
ajeer-7479	359	4	access	access	NOUN
ajeer-7479	359	5	(	(	PUNCT
ajeer-7479	359	6	paris	paris	PROPN
ajeer-7479	359	7	)	)	PUNCT
ajeer-7479	359	8	evropeiskoe	evropeiskoe	PROPN
ajeer-7479	359	9	obshchestvo	obshchestvo	PROPN
ajeer-7479	359	10	skor	skor	PROPN
ajeer-7479	359	11	e.o	e.o	PROPN
ajeer-7479	359	12	.	.	PROPN
ajeer-7479	360	1	(	(	PUNCT
ajeer-7479	360	2	listed	list	VERB
ajeer-7479	360	3	under	under	ADP
ajeer-7479	360	4	scor	scor	PROPN
ajeer-7479	360	5	se	se	PROPN
ajeer-7479	360	6	)	)	PUNCT
ajeer-7479	360	7	fr	fr	PROPN
ajeer-7479	360	8	1989	1989	NUM
ajeer-7479	360	9	euronext	euronext	PROPN
ajeer-7479	360	10	access	access	PROPN
ajeer-7479	360	11	motodinamiki	motodinamiki	PROPN
ajeer-7479	360	12	sa	sa	PROPN
ajeer-7479	360	13	gr	gr	NUM
ajeer-7479	360	14	30/06/2005	30/06/2005	NUM
ajeer-7479	360	15	athens	athens	PROPN
ajeer-7479	360	16	stock	stock	PROPN
ajeer-7479	360	17	exchange	exchange	PROPN
ajeer-7479	360	18	(	(	PUNCT
ajeer-7479	360	19	athex	athex	NOUN
ajeer-7479	360	20	)	)	PUNCT
ajeer-7479	360	21	mytilineos	mytilineos	PROPN
ajeer-7479	360	22	s.a	s.a	PROPN
ajeer-7479	360	23	.	.	PROPN
ajeer-7479	361	1	gr	gr	PROPN
ajeer-7479	361	2	1995	1995	NUM
ajeer-7479	361	3	athens	athens	PROPN
ajeer-7479	361	4	stock	stock	PROPN
ajeer-7479	361	5	exchange	exchange	PROPN
ajeer-7479	361	6	(	(	PUNCT
ajeer-7479	361	7	athex	athex	NOUN
ajeer-7479	361	8	)	)	PUNCT
ajeer-7479	361	9	iveco	iveco	PROPN
ajeer-7479	361	10	group	group	PROPN
ajeer-7479	361	11	n.v	n.v	PROPN
ajeer-7479	361	12	.	.	PUNCT
ajeer-7479	362	1	it	it	PRON
ajeer-7479	362	2	30/09/2013	30/09/2013	NUM
ajeer-7479	362	3	euronext	euronext	PROPN
ajeer-7479	362	4	growth	growth	PROPN
ajeer-7479	362	5	milan	milan	PROPN
ajeer-7479	362	6	capital	capital	PROPN
ajeer-7479	362	7	group	group	NOUN
ajeer-7479	362	8	emerging	emerge	VERB
ajeer-7479	362	9	markets	market	NOUN
ajeer-7479	362	10	total	total	ADJ
ajeer-7479	362	11	opportunities	opportunity	NOUN
ajeer-7479	362	12	(	(	PUNCT
ajeer-7479	362	13	lux	lux	NOUN
ajeer-7479	362	14	)	)	PUNCT
ajeer-7479	362	15	lu	lu	PROPN
ajeer-7479	362	16	28/02/2017	28/02/2017	NUM
ajeer-7479	362	17	sicav	sicav	ADJ
ajeer-7479	362	18	https://doi.org/10.1108/jsbed-05-2016-0075	https://doi.org/10.1108/jsbed-05-2016-0075	PROPN
ajeer-7479	362	19	https://doi.org/10.1016/j.jcorpfin.2019.03.001	https://doi.org/10.1016/j.jcorpfin.2019.03.001	PROPN
ajeer-7479	362	20	https://doi.org/10.1016/j.jik.2020.10.001	https://doi.org/10.1016/j.jik.2020.10.001	NOUN
ajeer-7479	362	21	https://doi.org/10.1007/s40812-020-00169-4	https://doi.org/10.1007/s40812-020-00169-4	NUM
ajeer-7479	362	22	https://doi.org/10.1007/s11187-020-00350-y	https://doi.org/10.1007/s11187-020-00350-y	ADJ
ajeer-7479	362	23	https://doi.org/10.1016/j.stae.2022.100032	https://doi.org/10.1016/j.stae.2022.100032	NOUN
ajeer-7479	362	24	https://doi.org/10.1016/s0927-538x(01)00041-5	https://doi.org/10.1016/s0927-538x(01)00041-5	VERB
ajeer-7479	362	25	https://www.bruegel.org/analysis/listing-act-no-more-minor-boost-eu-equity-markets	https://www.bruegel.org/analysis/listing-act-no-more-minor-boost-eu-equity-market	NOUN
ajeer-7479	362	26	https://doi.org/10.1111/j.1540-6261.1977.tb03277.x	https://doi.org/10.1111/j.1540-6261.1977.tb03277.x	X
ajeer-7479	362	27	https://doi.org/10.1016/j.jmoneco.2020.01.008	https://doi.org/10.1016/j.jmoneco.2020.01.008	PROPN
ajeer-7479	362	28	https://doi.org/10.1016/0304-405x(84)90023-0	https://doi.org/10.1016/0304-405x(84)90023-0	PROPN
ajeer-7479	362	29	https://doi.org/10.1016/j.stae.2022.100013	https://doi.org/10.1016/j.stae.2022.100013	VERB
ajeer-7479	362	30	https://doi.org/10.1111/0022-1082.25448	https://doi.org/10.1111/0022-1082.25448	PROPN
ajeer-7479	362	31	https://doi.org/10.1111/1540-6261.00478	https://doi.org/10.1111/1540-6261.00478	PROPN
ajeer-7479	362	32	https://doi.org/10.1080/00220388.2024.2377299	https://doi.org/10.1080/00220388.2024.2377299	PROPN
ajeer-7479	362	33	https://doi.org/10.1016/j.jik.2022.100278	https://doi.org/10.1016/j.jik.2022.100278	PROPN
ajeer-7479	362	34	https://doi.org/10.1016/j.jbankfin.2004.07.003	https://doi.org/10.1016/j.jbankfin.2004.07.003	ADJ
ajeer-7479	362	35	https://doi.org/10.1787/fmt-2015-5jrs051fvnjk	https://doi.org/10.1787/fmt-2015-5jrs051fvnjk	PROPN
ajeer-7479	362	36	asian	asian	ADJ
ajeer-7479	362	37	journal	journal	NOUN
ajeer-7479	362	38	of	of	ADP
ajeer-7479	362	39	economics	economic	NOUN
ajeer-7479	362	40	and	and	CCONJ
ajeer-7479	362	41	empirical	empirical	ADJ
ajeer-7479	362	42	research	research	NOUN
ajeer-7479	362	43	,	,	PUNCT
ajeer-7479	362	44	2025	2025	NUM
ajeer-7479	362	45	,	,	PUNCT
ajeer-7479	362	46	12(2	12(2	NUM
ajeer-7479	362	47	):	):	PUNCT
ajeer-7479	362	48	113	113	NUM
ajeer-7479	362	49	-	-	SYM
ajeer-7479	362	50	123	123	NUM
ajeer-7479	362	51	123	123	NUM
ajeer-7479	362	52	©	©	PROPN
ajeer-7479	362	53	2025	2025	NUM
ajeer-7479	362	54	by	by	ADP
ajeer-7479	362	55	the	the	DET
ajeer-7479	362	56	authors	author	NOUN
ajeer-7479	362	57	;	;	PUNCT
ajeer-7479	362	58	licensee	licensee	PROPN
ajeer-7479	362	59	asian	asian	ADJ
ajeer-7479	362	60	online	online	PROPN
ajeer-7479	362	61	journal	journal	PROPN
ajeer-7479	362	62	publishing	publishing	NOUN
ajeer-7479	362	63	group	group	NOUN
ajeer-7479	362	64	listed	list	VERB
ajeer-7479	362	65	eu	eu	PROPN
ajeer-7479	362	66	smes	smes	PROPN
ajeer-7479	362	67	country	country	PROPN
ajeer-7479	362	68	year	year	NOUN
ajeer-7479	362	69	of	of	ADP
ajeer-7479	362	70	listing	list	VERB
ajeer-7479	362	71	unregulated	unregulated	ADJ
ajeer-7479	362	72	stock	stock	NOUN
ajeer-7479	362	73	market	market	NOUN
ajeer-7479	362	74	ninety	ninety	NUM
ajeer-7479	362	75	one	one	NUM
ajeer-7479	362	76	global	global	ADJ
ajeer-7479	362	77	strategy	strategy	NOUN
ajeer-7479	362	78	fund	fund	NOUN
ajeer-7479	362	79	emerging	emerge	VERB
ajeer-7479	362	80	markets	market	NOUN
ajeer-7479	362	81	corporate	corporate	ADJ
ajeer-7479	362	82	debt	debt	NOUN
ajeer-7479	362	83	fund	fund	NOUN
ajeer-7479	362	84	lu	lu	PROPN
ajeer-7479	362	85	15/04/2011	15/04/2011	NUM
ajeer-7479	362	86	sicav	sicav	ADJ
ajeer-7479	362	87	fiat	fiat	ADJ
ajeer-7479	362	88	chrysler	chrysler	NOUN
ajeer-7479	362	89	automobiles	automobile	NOUN
ajeer-7479	362	90	nv	nv	PROPN
ajeer-7479	362	91	nl	nl	PROPN
ajeer-7479	362	92	13/10/2014	13/10/2014	NUM
ajeer-7479	363	1	euronext	euronext	PROPN
ajeer-7479	363	2	access	access	NOUN
ajeer-7479	363	3	(	(	PUNCT
ajeer-7479	363	4	paris	paris	PROPN
ajeer-7479	363	5	&	&	CCONJ
ajeer-7479	363	6	milan	milan	PROPN
ajeer-7479	363	7	)	)	PUNCT
ajeer-7479	363	8	sif	sif	PROPN
ajeer-7479	363	9	muntenia	muntenia	PROPN
ajeer-7479	363	10	bucuresti	bucuresti	PROPN
ajeer-7479	363	11	ro	ro	PROPN
ajeer-7479	363	12	01/11/1999	01/11/1999	PROPN
ajeer-7479	363	13	bucharest	buchar	ADJ
ajeer-7479	363	14	stock	stock	PROPN
ajeer-7479	363	15	exchange	exchange	PROPN
ajeer-7479	363	16	(	(	PUNCT
ajeer-7479	363	17	ats	ats	PROPN
ajeer-7479	363	18	)	)	PUNCT
ajeer-7479	363	19	xano	xano	PROPN
ajeer-7479	363	20	group	group	PROPN
ajeer-7479	363	21	ab	ab	PROPN
ajeer-7479	363	22	se	se	PROPN
ajeer-7479	363	23	05/12/1988	05/12/1988	PROPN
ajeer-7479	364	1	nasdaq	nasdaq	PROPN
ajeer-7479	364	2	stockholm	stockholm	PROPN
ajeer-7479	364	3	(	(	PUNCT
ajeer-7479	364	4	mid	mid	ADJ
ajeer-7479	364	5	cap	cap	NOUN
ajeer-7479	364	6	)	)	PUNCT
ajeer-7479	364	7	arjo	arjo	PROPN
ajeer-7479	364	8	ab	ab	PROPN
ajeer-7479	364	9	(	(	PUNCT
ajeer-7479	364	10	publ	publ	PROPN
ajeer-7479	364	11	)	)	PUNCT
ajeer-7479	364	12	se	se	X
ajeer-7479	364	13	12/12/2017	12/12/2017	NUM
ajeer-7479	364	14	nasdaq	nasdaq	PROPN
ajeer-7479	364	15	stockholm	stockholm	PROPN
ajeer-7479	364	16	(	(	PUNCT
ajeer-7479	364	17	mid	mid	ADJ
ajeer-7479	364	18	cap	cap	NOUN
ajeer-7479	364	19	)	)	PUNCT
ajeer-7479	364	20	viaplay	viaplay	NOUN
ajeer-7479	364	21	group	group	NOUN
ajeer-7479	364	22	ab	ab	PROPN
ajeer-7479	364	23	(	(	PUNCT
ajeer-7479	364	24	publ	publ	PROPN
ajeer-7479	364	25	)	)	PUNCT
ajeer-7479	364	26	se	se	ADP
ajeer-7479	364	27	28/03/2019	28/03/2019	NUM
ajeer-7479	364	28	nasdaq	nasdaq	PROPN
ajeer-7479	364	29	stockholm	stockholm	PROPN
ajeer-7479	364	30	(	(	PUNCT
ajeer-7479	364	31	mid	mid	ADJ
ajeer-7479	364	32	cap	cap	NOUN
ajeer-7479	364	33	)	)	PUNCT
ajeer-7479	364	34	enad	enad	PROPN
ajeer-7479	364	35	global	global	ADJ
ajeer-7479	364	36	7	7	NUM
ajeer-7479	364	37	ab	ab	PROPN
ajeer-7479	364	38	(	(	PUNCT
ajeer-7479	364	39	publ	publ	PROPN
ajeer-7479	364	40	)	)	PUNCT
ajeer-7479	364	41	se	se	PROPN
ajeer-7479	364	42	2019	2019	NUM
ajeer-7479	364	43	nasdaq	nasdaq	PROPN
ajeer-7479	364	44	first	first	ADJ
ajeer-7479	364	45	north	north	NOUN
ajeer-7479	364	46	growth	growth	NOUN
ajeer-7479	364	47	market	market	NOUN
ajeer-7479	364	48	vbg	vbg	PROPN
ajeer-7479	364	49	group	group	NOUN
ajeer-7479	364	50	ab	ab	PROPN
ajeer-7479	364	51	(	(	PUNCT
ajeer-7479	364	52	publ	publ	PROPN
ajeer-7479	364	53	)	)	PUNCT
ajeer-7479	364	54	se	se	PROPN
ajeer-7479	364	55	1987	1987	NUM
ajeer-7479	364	56	nasdaq	nasdaq	PROPN
ajeer-7479	364	57	stockholm	stockholm	PROPN
ajeer-7479	364	58	(	(	PUNCT
ajeer-7479	364	59	mid	mid	ADJ
ajeer-7479	364	60	cap	cap	NOUN
ajeer-7479	364	61	)	)	PUNCT
ajeer-7479	364	62	table	table	NOUN
ajeer-7479	364	63	1	1	NUM
ajeer-7479	364	64	provides	provide	VERB
ajeer-7479	364	65	the	the	DET
ajeer-7479	364	66	list	list	NOUN
ajeer-7479	364	67	of	of	ADP
ajeer-7479	364	68	listed	list	VERB
ajeer-7479	364	69	eu	eu	PROPN
ajeer-7479	364	70	smes	sme	NOUN
ajeer-7479	364	71	based	base	VERB
ajeer-7479	364	72	on	on	ADP
ajeer-7479	364	73	our	our	PRON
ajeer-7479	364	74	filter	filter	NOUN
ajeer-7479	364	75	on	on	ADP
ajeer-7479	364	76	orbis	orbis	PROPN
ajeer-7479	364	77	.	.	PUNCT
ajeer-7479	365	1	as	as	ADP
ajeer-7479	365	2	per	per	ADP
ajeer-7479	365	3	the	the	DET
ajeer-7479	365	4	platform	platform	NOUN
ajeer-7479	365	5	,	,	PUNCT
ajeer-7479	365	6	enterprises	enterprise	NOUN
ajeer-7479	365	7	are	be	AUX
ajeer-7479	365	8	classified	classify	VERB
ajeer-7479	365	9	as	as	ADP
ajeer-7479	365	10	smes	sme	NOUN
ajeer-7479	365	11	when	when	SCONJ
ajeer-7479	365	12	they	they	PRON
ajeer-7479	365	13	meet	meet	VERB
ajeer-7479	365	14	the	the	DET
ajeer-7479	365	15	following	following	ADJ
ajeer-7479	365	16	conditions	condition	NOUN
ajeer-7479	365	17	:	:	PUNCT
ajeer-7479	365	18	operating	operate	VERB
ajeer-7479	365	19	revenue	revenue	NOUN
ajeer-7479	365	20	less	less	ADJ
ajeer-7479	365	21	than	than	ADP
ajeer-7479	365	22	10	10	NUM
ajeer-7479	365	23	million	million	NUM
ajeer-7479	365	24	eur	eur	NOUN
ajeer-7479	365	25	;	;	PUNCT
ajeer-7479	365	26	total	total	ADJ
ajeer-7479	365	27	assets	asset	NOUN
ajeer-7479	365	28	less	less	ADJ
ajeer-7479	365	29	than	than	ADP
ajeer-7479	365	30	20	20	NUM
ajeer-7479	365	31	million	million	NUM
ajeer-7479	365	32	eur	eur	NOUN
ajeer-7479	365	33	;	;	PUNCT
ajeer-7479	365	34	or	or	CCONJ
ajeer-7479	365	35	fewer	few	ADJ
ajeer-7479	365	36	than	than	ADP
ajeer-7479	365	37	150	150	NUM
ajeer-7479	365	38	employees	employee	NOUN
ajeer-7479	365	39	.	.	PUNCT
ajeer-7479	366	1	table	table	NOUN
ajeer-7479	366	2	2	2	NUM
ajeer-7479	366	3	.	.	X
ajeer-7479	366	4	list	list	NOUN
ajeer-7479	366	5	of	of	ADP
ajeer-7479	366	6	unlisted	unlisted	ADJ
ajeer-7479	366	7	smes	sme	NOUN
ajeer-7479	366	8	.	.	PUNCT
ajeer-7479	367	1	unlisted	unliste	VERB
ajeer-7479	367	2	companies	company	NOUN
ajeer-7479	367	3	country	country	NOUN
ajeer-7479	367	4	creation	creation	NOUN
ajeer-7479	367	5	year	year	NOUN
ajeer-7479	367	6	aco	aco	PROPN
ajeer-7479	367	7	bouwteam	bouwteam	PROPN
ajeer-7479	367	8	be	be	VERB
ajeer-7479	367	9	30/06/1993	30/06/1993	NUM
ajeer-7479	367	10	fixinox	fixinox	NOUN
ajeer-7479	367	11	be	be	AUX
ajeer-7479	367	12	1994	1994	NUM
ajeer-7479	367	13	doe	doe	VERB
ajeer-7479	367	14	-	-	PUNCT
ajeer-7479	367	15	het	het	NOUN
ajeer-7479	367	16	-	-	PUNCT
ajeer-7479	367	17	zelf	zelf	NOUN
ajeer-7479	367	18	safti	safti	NOUN
ajeer-7479	367	19	be	be	AUX
ajeer-7479	367	20	29/04/1977	29/04/1977	NUM
ajeer-7479	367	21	h	h	NOUN
ajeer-7479	367	22	&	&	CCONJ
ajeer-7479	367	23	m	m	PROPN
ajeer-7479	367	24	spol	spol	NOUN
ajeer-7479	367	25	.	.	PUNCT
ajeer-7479	368	1	s	s	PART
ajeer-7479	368	2	r.o	r.o	PROPN
ajeer-7479	368	3	.	.	PROPN
ajeer-7479	368	4	cz	cz	NOUN
ajeer-7479	368	5	24/10/1990	24/10/1990	NUM
ajeer-7479	368	6	vars	var	NOUN
ajeer-7479	368	7	brno	brno	NOUN
ajeer-7479	368	8	a.s	a.s	PROPN
ajeer-7479	368	9	.	.	PROPN
ajeer-7479	368	10	cz	cz	PROPN
ajeer-7479	368	11	1995	1995	NUM
ajeer-7479	368	12	cargo	cargo	NOUN
ajeer-7479	368	13	marketing	marketing	NOUN
ajeer-7479	368	14	spedition	spedition	NOUN
ajeer-7479	368	15	gmbh	gmbh	PROPN
ajeer-7479	368	16	de	de	PROPN
ajeer-7479	368	17	1997	1997	NUM
ajeer-7479	368	18	alko	alko	PROPN
ajeer-7479	368	19	espana	espana	PROPN
ajeer-7479	368	20	sau	sau	PROPN
ajeer-7479	368	21	es	es	PROPN
ajeer-7479	368	22	26/05/1977	26/05/1977	NUM
ajeer-7479	368	23	hohner	hohner	PROPN
ajeer-7479	368	24	automation	automation	PROPN
ajeer-7479	368	25	sociedad	sociedad	PROPN
ajeer-7479	368	26	limitada	limitada	PROPN
ajeer-7479	368	27	.	.	PUNCT
ajeer-7479	369	1	es	es	ADP
ajeer-7479	369	2	14/06/1983	14/06/1983	NUM
ajeer-7479	369	3	gtie	gtie	NOUN
ajeer-7479	369	4	amiens	amien	NOUN
ajeer-7479	369	5	fr	fr	PROPN
ajeer-7479	369	6	15/12/1997	15/12/1997	NUM
ajeer-7479	369	7	emuge	emuge	NOUN
ajeer-7479	369	8	franken	franken	NOUN
ajeer-7479	369	9	s.r.l	s.r.l	NOUN
ajeer-7479	369	10	.	.	PUNCT
ajeer-7479	370	1	it	it	PRON
ajeer-7479	370	2	02/07/2001	02/07/2001	NUM
ajeer-7479	370	3	keb	keb	PROPN
ajeer-7479	370	4	italia	italia	PROPN
ajeer-7479	370	5	s.r.l	s.r.l	NOUN
ajeer-7479	370	6	.	.	PUNCT
ajeer-7479	371	1	it	it	PRON
ajeer-7479	371	2	11/02/1975	11/02/1975	NUM
ajeer-7479	371	3	mosca	mosca	PROPN
ajeer-7479	371	4	direct	direct	PROPN
ajeer-7479	371	5	poland	poland	PROPN
ajeer-7479	371	6	sp	sp	PROPN
ajeer-7479	371	7	.	.	PUNCT
ajeer-7479	371	8	z	z	PROPN
ajeer-7479	371	9	o.o	o.o	PROPN
ajeer-7479	371	10	.	.	PROPN
ajeer-7479	371	11	pl	pl	PROPN
ajeer-7479	371	12	05/12/2008	05/12/2008	NUM
ajeer-7479	371	13	w	w	PROPN
ajeer-7479	371	14	-	-	PROPN
ajeer-7479	371	15	z	z	NOUN
ajeer-7479	371	16	sp	sp	NOUN
ajeer-7479	371	17	.	.	PUNCT
ajeer-7479	371	18	z	z	PROPN
ajeer-7479	371	19	o.o	o.o	PROPN
ajeer-7479	371	20	.	.	PROPN
ajeer-7479	371	21	pl	pl	PROPN
ajeer-7479	371	22	07/04/2003	07/04/2003	NUM
ajeer-7479	371	23	toneli	toneli	ADJ
ajeer-7479	371	24	nutrition	nutrition	NOUN
ajeer-7479	371	25	titu	titu	PROPN
ajeer-7479	371	26	sa	sa	PROPN
ajeer-7479	371	27	ro	ro	PROPN
ajeer-7479	371	28	30/11/1992	30/11/1992	NUM
ajeer-7479	371	29	aptilo	aptilo	PROPN
ajeer-7479	371	30	networks	network	NOUN
ajeer-7479	371	31	ab	ab	PROPN
ajeer-7479	371	32	se	se	PROPN
ajeer-7479	371	33	01/09/2001	01/09/2001	PROPN
ajeer-7479	371	34	bluebeam	bluebeam	PROPN
ajeer-7479	371	35	ab	ab	PROPN
ajeer-7479	371	36	se	se	PROPN
ajeer-7479	371	37	2010	2010	NUM
ajeer-7479	371	38	howden	howden	PROPN
ajeer-7479	371	39	insurance	insurance	NOUN
ajeer-7479	371	40	brokers	broker	NOUN
ajeer-7479	371	41	aktiebolag	aktiebolag	PROPN
ajeer-7479	371	42	se	se	PROPN
ajeer-7479	371	43	26/10/1990	26/10/1990	NUM
ajeer-7479	372	1	k	k	PROPN
ajeer-7479	372	2	a	a	DET
ajeer-7479	372	3	olsson	olsson	PROPN
ajeer-7479	372	4	&	&	CCONJ
ajeer-7479	372	5	gems	gems	PROPN
ajeer-7479	372	6	aktiebolag	aktiebolag	PROPN
ajeer-7479	372	7	se	se	PROPN
ajeer-7479	372	8	1950	1950	NUM
ajeer-7479	373	1	nti	nti	NOUN
ajeer-7479	373	2	-	-	PUNCT
ajeer-7479	373	3	skolan	skolan	PROPN
ajeer-7479	373	4	ab	ab	PROPN
ajeer-7479	373	5	se	se	PROPN
ajeer-7479	373	6	1968	1968	NUM
ajeer-7479	373	7	zito	zito	PROPN
ajeer-7479	373	8	maloprodaja	maloprodaja	PROPN
ajeer-7479	373	9	d.o.o	d.o.o	PROPN
ajeer-7479	373	10	.	.	PUNCT
ajeer-7479	374	1	si	si	PROPN
ajeer-7479	374	2	23/05/1991	23/05/1991	NUM
ajeer-7479	374	3	table	table	NOUN
ajeer-7479	374	4	2	2	NUM
ajeer-7479	374	5	provides	provide	VERB
ajeer-7479	374	6	the	the	DET
ajeer-7479	374	7	list	list	NOUN
ajeer-7479	374	8	of	of	ADP
ajeer-7479	374	9	the	the	DET
ajeer-7479	374	10	randomly	randomly	ADV
ajeer-7479	374	11	selected	select	VERB
ajeer-7479	374	12	unlisted	unliste	VERB
ajeer-7479	374	13	eu	eu	PROPN
ajeer-7479	374	14	smes	sme	NOUN
ajeer-7479	374	15	out	out	ADP
ajeer-7479	374	16	of	of	ADP
ajeer-7479	374	17	the	the	DET
ajeer-7479	374	18	47,642	47,642	NUM
ajeer-7479	374	19	moody	moody	NOUN
ajeer-7479	374	20	scored	score	VERB
ajeer-7479	374	21	enterprises	enterprise	NOUN
ajeer-7479	374	22	based	base	VERB
ajeer-7479	374	23	on	on	ADP
ajeer-7479	374	24	our	our	PRON
ajeer-7479	374	25	filter	filter	NOUN
ajeer-7479	374	26	on	on	ADP
ajeer-7479	374	27	orbis	orbis	PROPN
ajeer-7479	374	28	.	.	PUNCT
ajeer-7479	375	1	as	as	ADP
ajeer-7479	375	2	per	per	ADP
ajeer-7479	375	3	the	the	DET
ajeer-7479	375	4	platform	platform	NOUN
ajeer-7479	375	5	,	,	PUNCT
ajeer-7479	375	6	enterprises	enterprise	NOUN
ajeer-7479	375	7	are	be	AUX
ajeer-7479	375	8	smes	sme	NOUN
ajeer-7479	375	9	when	when	SCONJ
ajeer-7479	375	10	they	they	PRON
ajeer-7479	375	11	meet	meet	VERB
ajeer-7479	375	12	the	the	DET
ajeer-7479	375	13	following	following	ADJ
ajeer-7479	375	14	conditions	condition	NOUN
ajeer-7479	375	15	:	:	PUNCT
ajeer-7479	375	16	operating	operate	VERB
ajeer-7479	375	17	revenue	revenue	NOUN
ajeer-7479	375	18	<	<	X
ajeer-7479	375	19	10	10	NUM
ajeer-7479	375	20	million	million	NUM
ajeer-7479	375	21	eur	eur	NOUN
ajeer-7479	375	22	;	;	PUNCT
ajeer-7479	375	23	total	total	ADJ
ajeer-7479	375	24	assets	asset	NOUN
ajeer-7479	375	25	<	<	X
ajeer-7479	375	26	20	20	NUM
ajeer-7479	375	27	million	million	NUM
ajeer-7479	375	28	eur	eur	NOUN
ajeer-7479	375	29	;	;	PUNCT
ajeer-7479	375	30	or	or	CCONJ
ajeer-7479	375	31	employees	employee	NOUN
ajeer-7479	375	32	<	<	X
ajeer-7479	375	33	150	150	NUM
ajeer-7479	375	34	.	.	PUNCT
ajeer-7479	376	1	asian	asian	ADJ
ajeer-7479	376	2	online	online	PROPN
ajeer-7479	376	3	journal	journal	PROPN
ajeer-7479	376	4	publishing	publishing	NOUN
ajeer-7479	376	5	group	group	NOUN
ajeer-7479	376	6	is	be	AUX
ajeer-7479	376	7	not	not	PART
ajeer-7479	376	8	responsible	responsible	ADJ
ajeer-7479	376	9	or	or	CCONJ
ajeer-7479	376	10	answerable	answerable	ADJ
ajeer-7479	376	11	for	for	ADP
ajeer-7479	376	12	any	any	DET
ajeer-7479	376	13	loss	loss	NOUN
ajeer-7479	376	14	,	,	PUNCT
ajeer-7479	376	15	damage	damage	NOUN
ajeer-7479	376	16	or	or	CCONJ
ajeer-7479	376	17	liability	liability	NOUN
ajeer-7479	376	18	,	,	PUNCT
ajeer-7479	376	19	etc	etc	X
ajeer-7479	376	20	.	.	X
ajeer-7479	376	21	caused	cause	VERB
ajeer-7479	376	22	in	in	ADP
ajeer-7479	376	23	relation	relation	NOUN
ajeer-7479	376	24	to	to	PART
ajeer-7479	376	25	/	/	PUNCT
ajeer-7479	376	26	arising	arise	VERB
ajeer-7479	376	27	out	out	ADP
ajeer-7479	376	28	of	of	ADP
ajeer-7479	376	29	the	the	DET
ajeer-7479	376	30	use	use	NOUN
ajeer-7479	376	31	of	of	ADP
ajeer-7479	376	32	the	the	DET
ajeer-7479	376	33	content	content	NOUN
ajeer-7479	376	34	.	.	PUNCT
ajeer-7479	377	1	any	any	DET
ajeer-7479	377	2	queries	query	NOUN
ajeer-7479	377	3	should	should	AUX
ajeer-7479	377	4	be	be	AUX
ajeer-7479	377	5	directed	direct	VERB
ajeer-7479	377	6	to	to	ADP
ajeer-7479	377	7	the	the	DET
ajeer-7479	377	8	corresponding	corresponding	ADJ
ajeer-7479	377	9	author	author	NOUN
ajeer-7479	377	10	of	of	ADP
ajeer-7479	377	11	the	the	DET
ajeer-7479	377	12	article	article	NOUN
ajeer-7479	377	13	.	.	PUNCT