id	sid	tid	token	lemma	pos
ajfa-10600	1	1	microsoft	microsoft	PROPN
ajfa-10600	1	2	word	word	NOUN
ajfa-10600	1	3	10600	10600	NUM
ajfa-10600	1	4	-	-	SYM
ajfa-10600	1	5	39116	39116	NUM
ajfa-10600	1	6	-	-	PUNCT
ajfa-10600	1	7	1	1	NUM
ajfa-10600	1	8	-	-	PUNCT
ajfa-10600	1	9	sm	sm	NOUN
ajfa-10600	1	10	-	-	PUNCT
ajfa-10600	1	11	writer2	writer2	VERB
ajfa-10600	1	12	-	-	ADJ
ajfa-10600	1	13	new	new	ADJ
ajfa-10600	1	14	asian	asian	ADJ
ajfa-10600	1	15	journal	journal	NOUN
ajfa-10600	1	16	of	of	ADP
ajfa-10600	1	17	finance	finance	PROPN
ajfa-10600	1	18	&	&	CCONJ
ajfa-10600	1	19	accounting	accounting	PROPN
ajfa-10600	1	20	issn	issn	PROPN
ajfa-10600	1	21	1946	1946	NUM
ajfa-10600	1	22	-	-	PUNCT
ajfa-10600	1	23	052x	052x	PROPN
ajfa-10600	1	24	2017	2017	NUM
ajfa-10600	1	25	,	,	PUNCT
ajfa-10600	1	26	vol	vol	NOUN
ajfa-10600	1	27	.	.	NOUN
ajfa-10600	1	28	9	9	NUM
ajfa-10600	1	29	,	,	PUNCT
ajfa-10600	1	30	no	no	INTJ
ajfa-10600	1	31	.	.	NOUN
ajfa-10600	1	32	1	1	NUM
ajfa-10600	1	33	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10600	1	34	54	54	NUM
ajfa-10600	1	35	the	the	DET
ajfa-10600	1	36	relationship	relationship	NOUN
ajfa-10600	1	37	between	between	ADP
ajfa-10600	1	38	liquidity	liquidity	NOUN
ajfa-10600	1	39	and	and	CCONJ
ajfa-10600	1	40	firms	firm	NOUN
ajfa-10600	1	41	’	’	PART
ajfa-10600	1	42	profitability	profitability	NOUN
ajfa-10600	1	43	:	:	PUNCT
ajfa-10600	1	44	a	a	DET
ajfa-10600	1	45	case	case	NOUN
ajfa-10600	1	46	study	study	NOUN
ajfa-10600	1	47	of	of	ADP
ajfa-10600	1	48	karachi	karachi	PROPN
ajfa-10600	1	49	stock	stock	PROPN
ajfa-10600	1	50	exchange	exchange	PROPN
ajfa-10600	1	51	nazish	nazish	ADJ
ajfa-10600	1	52	bibi	bibi	PROPN
ajfa-10600	1	53	management	management	PROPN
ajfa-10600	1	54	sciences	sciences	PROPN
ajfa-10600	1	55	comsats	comsats	PROPN
ajfa-10600	1	56	institute	institute	PROPN
ajfa-10600	1	57	of	of	ADP
ajfa-10600	1	58	information	information	NOUN
ajfa-10600	1	59	and	and	CCONJ
ajfa-10600	1	60	technology	technology	PROPN
ajfa-10600	1	61	abbottabad	abbottabad	PROPN
ajfa-10600	1	62	,	,	PUNCT
ajfa-10600	1	63	pakistan	pakistan	PROPN
ajfa-10600	1	64	shehla	shehla	PROPN
ajfa-10600	1	65	amjad	amjad	PROPN
ajfa-10600	1	66	management	management	PROPN
ajfa-10600	1	67	sciences	sciences	PROPN
ajfa-10600	1	68	comsats	comsats	PROPN
ajfa-10600	1	69	institute	institute	PROPN
ajfa-10600	1	70	of	of	ADP
ajfa-10600	1	71	information	information	NOUN
ajfa-10600	1	72	and	and	CCONJ
ajfa-10600	1	73	technology	technology	PROPN
ajfa-10600	1	74	abbottabad	abbottabad	PROPN
ajfa-10600	1	75	,	,	PUNCT
ajfa-10600	1	76	pakistan	pakistan	PROPN
ajfa-10600	1	77	received	receive	VERB
ajfa-10600	1	78	:	:	PUNCT
ajfa-10600	1	79	jan	jan	PROPN
ajfa-10600	1	80	.	.	PROPN
ajfa-10600	1	81	13	13	NUM
ajfa-10600	1	82	,	,	PUNCT
ajfa-10600	1	83	2017	2017	NUM
ajfa-10600	1	84	accepted	accept	VERB
ajfa-10600	1	85	:	:	PUNCT
ajfa-10600	1	86	feb	feb	PROPN
ajfa-10600	1	87	.	.	PROPN
ajfa-10600	1	88	8	8	NUM
ajfa-10600	1	89	,	,	PUNCT
ajfa-10600	1	90	2017	2017	NUM
ajfa-10600	1	91	published	publish	VERB
ajfa-10600	1	92	:	:	PUNCT
ajfa-10600	1	93	june	june	PROPN
ajfa-10600	1	94	1	1	NUM
ajfa-10600	1	95	,	,	PUNCT
ajfa-10600	1	96	2017	2017	NUM
ajfa-10600	1	97	doi:10.5296	doi:10.5296	NOUN
ajfa-10600	1	98	/	/	SYM
ajfa-10600	1	99	ajfa.v9i1.10600	ajfa.v9i1.10600	NUM
ajfa-10600	1	100	url	url	NOUN
ajfa-10600	1	101	:	:	PUNCT
ajfa-10600	1	102	http://dx.doi.org/10.5296/ajfa.v9i1.10600	http://dx.doi.org/10.5296/ajfa.v9i1.10600	X
ajfa-10600	1	103	abstract	abstract	ADJ
ajfa-10600	1	104	the	the	DET
ajfa-10600	1	105	purpose	purpose	NOUN
ajfa-10600	1	106	of	of	ADP
ajfa-10600	1	107	this	this	DET
ajfa-10600	1	108	paper	paper	NOUN
ajfa-10600	1	109	is	be	AUX
ajfa-10600	1	110	to	to	PART
ajfa-10600	1	111	investigate	investigate	VERB
ajfa-10600	1	112	the	the	DET
ajfa-10600	1	113	relationship	relationship	NOUN
ajfa-10600	1	114	between	between	ADP
ajfa-10600	1	115	firm	firm	NOUN
ajfa-10600	1	116	’s	’s	PART
ajfa-10600	1	117	liquidity	liquidity	NOUN
ajfa-10600	1	118	and	and	CCONJ
ajfa-10600	1	119	profitability	profitability	NOUN
ajfa-10600	1	120	;	;	PUNCT
ajfa-10600	1	121	and	and	CCONJ
ajfa-10600	1	122	to	to	PART
ajfa-10600	1	123	find	find	VERB
ajfa-10600	1	124	out	out	ADP
ajfa-10600	1	125	the	the	DET
ajfa-10600	1	126	effects	effect	NOUN
ajfa-10600	1	127	of	of	ADP
ajfa-10600	1	128	different	different	ADJ
ajfa-10600	1	129	components	component	NOUN
ajfa-10600	1	130	of	of	ADP
ajfa-10600	1	131	liquidity	liquidity	NOUN
ajfa-10600	1	132	on	on	ADP
ajfa-10600	1	133	firms	firm	NOUN
ajfa-10600	1	134	’	'	PUNCT
ajfa-10600	1	135	profitability.the	profitability.the	PRON
ajfa-10600	1	136	relationship	relationship	NOUN
ajfa-10600	1	137	between	between	ADP
ajfa-10600	1	138	liquidity	liquidity	NOUN
ajfa-10600	1	139	and	and	CCONJ
ajfa-10600	1	140	firms	firm	NOUN
ajfa-10600	1	141	’	’	PART
ajfa-10600	1	142	profitability	profitability	NOUN
ajfa-10600	1	143	is	be	AUX
ajfa-10600	1	144	empirically	empirically	ADV
ajfa-10600	1	145	examined	examine	VERB
ajfa-10600	1	146	by	by	ADP
ajfa-10600	1	147	collecting	collect	VERB
ajfa-10600	1	148	the	the	DET
ajfa-10600	1	149	data	datum	NOUN
ajfa-10600	1	150	of	of	ADP
ajfa-10600	1	151	50	50	NUM
ajfa-10600	1	152	listed	list	VERB
ajfa-10600	1	153	firms	firm	NOUN
ajfa-10600	1	154	of	of	ADP
ajfa-10600	1	155	karachi	karachi	PROPN
ajfa-10600	1	156	stock	stock	PROPN
ajfa-10600	1	157	exchange	exchange	PROPN
ajfa-10600	1	158	,	,	PUNCT
ajfa-10600	1	159	pakistan	pakistan	PROPN
ajfa-10600	1	160	.	.	PUNCT
ajfa-10600	2	1	panel	panel	NOUN
ajfa-10600	2	2	data	datum	NOUN
ajfa-10600	2	3	has	have	AUX
ajfa-10600	2	4	been	be	AUX
ajfa-10600	2	5	collected	collect	VERB
ajfa-10600	2	6	from	from	ADP
ajfa-10600	2	7	secondary	secondary	ADJ
ajfa-10600	2	8	sources	source	NOUN
ajfa-10600	2	9	for	for	ADP
ajfa-10600	2	10	the	the	DET
ajfa-10600	2	11	year	year	NOUN
ajfa-10600	2	12	2007	2007	NUM
ajfa-10600	2	13	to	to	ADP
ajfa-10600	2	14	2011	2011	NUM
ajfa-10600	2	15	.net	.net	NOUN
ajfa-10600	2	16	operating	operate	VERB
ajfa-10600	2	17	income	income	NOUN
ajfa-10600	2	18	and	and	CCONJ
ajfa-10600	2	19	return	return	VERB
ajfa-10600	2	20	on	on	ADP
ajfa-10600	2	21	assets	asset	NOUN
ajfa-10600	2	22	are	be	AUX
ajfa-10600	2	23	used	use	VERB
ajfa-10600	2	24	measure	measure	NOUN
ajfa-10600	2	25	of	of	ADP
ajfa-10600	2	26	firm	firm	NOUN
ajfa-10600	2	27	’s	’s	PART
ajfa-10600	2	28	profitability	profitability	NOUN
ajfa-10600	2	29	.	.	PUNCT
ajfa-10600	3	1	liquidity	liquidity	NOUN
ajfa-10600	3	2	of	of	ADP
ajfa-10600	3	3	the	the	DET
ajfa-10600	3	4	firm	firm	NOUN
ajfa-10600	3	5	is	be	AUX
ajfa-10600	3	6	measured	measure	VERB
ajfa-10600	3	7	by	by	ADP
ajfa-10600	3	8	using	use	VERB
ajfa-10600	3	9	cash	cash	NOUN
ajfa-10600	3	10	gap	gap	NOUN
ajfa-10600	3	11	in	in	ADP
ajfa-10600	3	12	days	day	NOUN
ajfa-10600	3	13	and	and	CCONJ
ajfa-10600	3	14	current	current	ADJ
ajfa-10600	3	15	ratio	ratio	NOUN
ajfa-10600	3	16	.	.	PUNCT
ajfa-10600	4	1	firm	firm	ADJ
ajfa-10600	4	2	size	size	NOUN
ajfa-10600	4	3	measured	measure	VERB
ajfa-10600	4	4	by	by	ADP
ajfa-10600	4	5	net	net	ADJ
ajfa-10600	4	6	sales	sale	NOUN
ajfa-10600	4	7	,	,	PUNCT
ajfa-10600	4	8	total	total	ADJ
ajfa-10600	4	9	assets	asset	NOUN
ajfa-10600	4	10	and	and	CCONJ
ajfa-10600	4	11	market	market	NOUN
ajfa-10600	4	12	capitalization	capitalization	NOUN
ajfa-10600	4	13	.the	.the	PRON
ajfa-10600	4	14	study	study	PROPN
ajfa-10600	4	15	applies	apply	VERB
ajfa-10600	4	16	regression	regression	VERB
ajfa-10600	4	17	analysis	analysis	NOUN
ajfa-10600	4	18	to	to	PART
ajfa-10600	4	19	determine	determine	VERB
ajfa-10600	4	20	factors	factor	NOUN
ajfa-10600	4	21	affecting	affect	VERB
ajfa-10600	4	22	profitability	profitability	NOUN
ajfa-10600	4	23	.	.	PUNCT
ajfa-10600	5	1	incremental	incremental	ADJ
ajfa-10600	5	2	tests	test	NOUN
ajfa-10600	5	3	are	be	AUX
ajfa-10600	5	4	carried	carry	VERB
ajfa-10600	5	5	out	out	ADP
ajfa-10600	5	6	to	to	PART
ajfa-10600	5	7	see	see	VERB
ajfa-10600	5	8	the	the	DET
ajfa-10600	5	9	importance	importance	NOUN
ajfa-10600	5	10	of	of	ADP
ajfa-10600	5	11	individual	individual	ADJ
ajfa-10600	5	12	variables	variable	NOUN
ajfa-10600	5	13	in	in	ADP
ajfa-10600	5	14	the	the	DET
ajfa-10600	5	15	model.the	model.the	DET
ajfa-10600	5	16	results	result	NOUN
ajfa-10600	5	17	of	of	ADP
ajfa-10600	5	18	correlation	correlation	NOUN
ajfa-10600	5	19	and	and	CCONJ
ajfa-10600	5	20	regression	regression	NOUN
ajfa-10600	5	21	analysis	analysis	NOUN
ajfa-10600	5	22	showed	show	VERB
ajfa-10600	5	23	that	that	SCONJ
ajfa-10600	5	24	there	there	PRON
ajfa-10600	5	25	is	be	VERB
ajfa-10600	5	26	a	a	DET
ajfa-10600	5	27	significant	significant	ADJ
ajfa-10600	5	28	negative	negative	ADJ
ajfa-10600	5	29	relationship	relationship	NOUN
ajfa-10600	5	30	between	between	ADP
ajfa-10600	5	31	cash	cash	NOUN
ajfa-10600	5	32	gap	gap	NOUN
ajfa-10600	5	33	and	and	CCONJ
ajfa-10600	5	34	return	return	VERB
ajfa-10600	5	35	on	on	ADP
ajfa-10600	5	36	assets	asset	NOUN
ajfa-10600	5	37	while	while	SCONJ
ajfa-10600	5	38	current	current	ADJ
ajfa-10600	5	39	ratio	ratio	NOUN
ajfa-10600	5	40	has	have	VERB
ajfa-10600	5	41	significant	significant	ADJ
ajfa-10600	5	42	positive	positive	ADJ
ajfa-10600	5	43	relationship	relationship	NOUN
ajfa-10600	5	44	with	with	ADP
ajfa-10600	5	45	profitability	profitability	NOUN
ajfa-10600	5	46	.	.	PUNCT
ajfa-10600	6	1	results	result	NOUN
ajfa-10600	6	2	further	far	ADV
ajfa-10600	6	3	indicate	indicate	VERB
ajfa-10600	6	4	that	that	DET
ajfa-10600	6	5	log	log	NOUN
ajfa-10600	6	6	of	of	ADP
ajfa-10600	6	7	sales	sale	NOUN
ajfa-10600	6	8	and	and	CCONJ
ajfa-10600	6	9	log	log	NOUN
ajfa-10600	6	10	of	of	ADP
ajfa-10600	6	11	total	total	ADJ
ajfa-10600	6	12	assets	asset	NOUN
ajfa-10600	6	13	has	have	VERB
ajfa-10600	6	14	positive	positive	ADJ
ajfa-10600	6	15	significant	significant	ADJ
ajfa-10600	6	16	relationship	relationship	NOUN
ajfa-10600	6	17	with	with	ADP
ajfa-10600	6	18	profitability	profitability	NOUN
ajfa-10600	6	19	.	.	PUNCT
ajfa-10600	7	1	the	the	DET
ajfa-10600	7	2	findings	finding	NOUN
ajfa-10600	7	3	of	of	ADP
ajfa-10600	7	4	this	this	DET
ajfa-10600	7	5	study	study	NOUN
ajfa-10600	7	6	are	be	AUX
ajfa-10600	7	7	based	base	VERB
ajfa-10600	7	8	on	on	ADP
ajfa-10600	7	9	firms	firm	NOUN
ajfa-10600	7	10	listed	list	VERB
ajfa-10600	7	11	on	on	ADP
ajfa-10600	7	12	the	the	DET
ajfa-10600	7	13	karachi	karachi	PROPN
ajfa-10600	7	14	stock	stock	PROPN
ajfa-10600	7	15	exchange	exchange	PROPN
ajfa-10600	7	16	(	(	PUNCT
ajfa-10600	7	17	kse	kse	PROPN
ajfa-10600	7	18	)	)	PUNCT
ajfa-10600	7	19	.	.	PUNCT
ajfa-10600	8	1	hence	hence	ADV
ajfa-10600	8	2	,	,	PUNCT
ajfa-10600	8	3	the	the	DET
ajfa-10600	8	4	results	result	NOUN
ajfa-10600	8	5	can	can	AUX
ajfa-10600	8	6	not	not	PART
ajfa-10600	8	7	be	be	AUX
ajfa-10600	8	8	generalizable	generalizable	ADJ
ajfa-10600	8	9	to	to	ADP
ajfa-10600	8	10	those	those	DET
ajfa-10600	8	11	firms	firm	NOUN
ajfa-10600	8	12	which	which	PRON
ajfa-10600	8	13	are	be	AUX
ajfa-10600	8	14	not	not	PART
ajfa-10600	8	15	listed	list	VERB
ajfa-10600	8	16	on	on	ADP
ajfa-10600	8	17	karachi	karachi	PROPN
ajfa-10600	8	18	stock	stock	PROPN
ajfa-10600	8	19	exchange	exchange	PROPN
ajfa-10600	8	20	.	.	PUNCT
ajfa-10600	9	1	the	the	DET
ajfa-10600	9	2	sample	sample	NOUN
ajfa-10600	9	3	of	of	ADP
ajfa-10600	9	4	the	the	DET
ajfa-10600	9	5	study	study	NOUN
ajfa-10600	9	6	comprises	comprise	VERB
ajfa-10600	9	7	only	only	ADV
ajfa-10600	9	8	the	the	DET
ajfa-10600	9	9	merchandising	merchandising	NOUN
ajfa-10600	9	10	and	and	CCONJ
ajfa-10600	9	11	manufacturing	manufacturing	NOUN
ajfa-10600	9	12	firms	firm	NOUN
ajfa-10600	9	13	.	.	PUNCT
ajfa-10600	10	1	banks	bank	NOUN
ajfa-10600	10	2	are	be	AUX
ajfa-10600	10	3	excluded	exclude	VERB
ajfa-10600	10	4	due	due	ADP
ajfa-10600	10	5	to	to	ADP
ajfa-10600	10	6	their	their	PRON
ajfa-10600	10	7	nature	nature	NOUN
ajfa-10600	10	8	of	of	ADP
ajfa-10600	10	9	work	work	NOUN
ajfa-10600	10	10	.	.	PUNCT
ajfa-10600	11	1	keywords	keyword	NOUN
ajfa-10600	11	2	:	:	PUNCT
ajfa-10600	11	3	liquidity	liquidity	NOUN
ajfa-10600	11	4	management	management	NOUN
ajfa-10600	11	5	;	;	PUNCT
ajfa-10600	11	6	profitability	profitability	NOUN
ajfa-10600	11	7	;	;	PUNCT
ajfa-10600	11	8	current	current	ADJ
ajfa-10600	11	9	ratio	ratio	NOUN
ajfa-10600	11	10	;	;	PUNCT
ajfa-10600	11	11	cash	cash	NOUN
ajfa-10600	11	12	gap	gap	NOUN
ajfa-10600	11	13	;	;	PUNCT
ajfa-10600	11	14	return	return	NOUN
ajfa-10600	11	15	on	on	ADP
ajfa-10600	11	16	assets	asset	NOUN
ajfa-10600	11	17	;	;	PUNCT
ajfa-10600	11	18	total	total	ADJ
ajfa-10600	11	19	assets	asset	NOUN
ajfa-10600	11	20	.	.	PUNCT
ajfa-10600	12	1	asian	asian	ADJ
ajfa-10600	12	2	journal	journal	PROPN
ajfa-10600	12	3	of	of	ADP
ajfa-10600	12	4	finance	finance	PROPN
ajfa-10600	12	5	&	&	CCONJ
ajfa-10600	12	6	accounting	accounting	PROPN
ajfa-10600	12	7	issn	issn	PROPN
ajfa-10600	12	8	1946	1946	NUM
ajfa-10600	12	9	-	-	PUNCT
ajfa-10600	12	10	052x	052x	PROPN
ajfa-10600	12	11	2017	2017	NUM
ajfa-10600	12	12	,	,	PUNCT
ajfa-10600	12	13	vol	vol	NOUN
ajfa-10600	12	14	.	.	NOUN
ajfa-10600	12	15	9	9	NUM
ajfa-10600	12	16	,	,	PUNCT
ajfa-10600	12	17	no	no	INTJ
ajfa-10600	12	18	.	.	NOUN
ajfa-10600	12	19	1	1	NUM
ajfa-10600	12	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	12	21	55	55	NUM
ajfa-10600	12	22	1	1	NUM
ajfa-10600	12	23	.	.	PUNCT
ajfa-10600	13	1	introduction	introduction	NOUN
ajfa-10600	13	2	liquidity	liquidity	NOUN
ajfa-10600	13	3	management	management	NOUN
ajfa-10600	13	4	is	be	AUX
ajfa-10600	13	5	important	important	ADJ
ajfa-10600	13	6	for	for	ADP
ajfa-10600	13	7	every	every	DET
ajfa-10600	13	8	firm	firm	NOUN
ajfa-10600	13	9	as	as	SCONJ
ajfa-10600	13	10	it	it	PRON
ajfa-10600	13	11	virtually	virtually	ADV
ajfa-10600	13	12	affects	affect	VERB
ajfa-10600	13	13	its	its	PRON
ajfa-10600	13	14	overall	overall	ADJ
ajfa-10600	13	15	liquidity	liquidity	NOUN
ajfa-10600	13	16	and	and	CCONJ
ajfa-10600	13	17	profitability	profitability	NOUN
ajfa-10600	13	18	(	(	PUNCT
ajfa-10600	13	19	appuhami	appuhami	NOUN
ajfa-10600	13	20	,	,	PUNCT
ajfa-10600	13	21	2008	2008	NUM
ajfa-10600	13	22	)	)	PUNCT
ajfa-10600	13	23	.	.	PUNCT
ajfa-10600	14	1	firms	firm	NOUN
ajfa-10600	14	2	involved	involve	VERB
ajfa-10600	14	3	in	in	ADP
ajfa-10600	14	4	the	the	DET
ajfa-10600	14	5	processing	processing	NOUN
ajfa-10600	14	6	of	of	ADP
ajfa-10600	14	7	goods	good	NOUN
ajfa-10600	14	8	(	(	PUNCT
ajfa-10600	14	9	manufacturing	manufacturing	NOUN
ajfa-10600	14	10	companies	company	NOUN
ajfa-10600	14	11	)	)	PUNCT
ajfa-10600	14	12	,	,	PUNCT
ajfa-10600	14	13	usually	usually	ADV
ajfa-10600	14	14	keep	keep	VERB
ajfa-10600	14	15	working	work	VERB
ajfa-10600	14	16	capital	capital	NOUN
ajfa-10600	14	17	in	in	ADP
ajfa-10600	14	18	the	the	DET
ajfa-10600	14	19	form	form	NOUN
ajfa-10600	14	20	of	of	ADP
ajfa-10600	14	21	the	the	DET
ajfa-10600	14	22	cash	cash	NOUN
ajfa-10600	14	23	,	,	PUNCT
ajfa-10600	14	24	marketable	marketable	ADJ
ajfa-10600	14	25	securities	security	NOUN
ajfa-10600	14	26	,	,	PUNCT
ajfa-10600	14	27	cash	cash	NOUN
ajfa-10600	14	28	equivalents	equivalent	NOUN
ajfa-10600	14	29	and	and	CCONJ
ajfa-10600	14	30	the	the	DET
ajfa-10600	14	31	inventories	inventory	NOUN
ajfa-10600	14	32	.	.	PUNCT
ajfa-10600	15	1	the	the	DET
ajfa-10600	15	2	working	work	VERB
ajfa-10600	15	3	capital	capital	NOUN
ajfa-10600	15	4	comprises	comprise	VERB
ajfa-10600	15	5	almost	almost	ADV
ajfa-10600	15	6	half	half	NOUN
ajfa-10600	15	7	of	of	ADP
ajfa-10600	15	8	the	the	DET
ajfa-10600	15	9	sum	sum	NOUN
ajfa-10600	15	10	of	of	ADP
ajfa-10600	15	11	the	the	DET
ajfa-10600	15	12	asset	asset	NOUN
ajfa-10600	15	13	side	side	NOUN
ajfa-10600	15	14	of	of	ADP
ajfa-10600	15	15	the	the	DET
ajfa-10600	15	16	balance	balance	NOUN
ajfa-10600	15	17	sheet	sheet	NOUN
ajfa-10600	15	18	,	,	PUNCT
ajfa-10600	15	19	whereas	whereas	SCONJ
ajfa-10600	15	20	this	this	DET
ajfa-10600	15	21	proportion	proportion	NOUN
ajfa-10600	15	22	may	may	AUX
ajfa-10600	15	23	be	be	AUX
ajfa-10600	15	24	higher	high	ADJ
ajfa-10600	15	25	in	in	ADP
ajfa-10600	15	26	the	the	DET
ajfa-10600	15	27	case	case	NOUN
ajfa-10600	15	28	of	of	ADP
ajfa-10600	15	29	firms	firm	NOUN
ajfa-10600	15	30	involved	involve	VERB
ajfa-10600	15	31	in	in	ADP
ajfa-10600	15	32	the	the	DET
ajfa-10600	15	33	business	business	NOUN
ajfa-10600	15	34	of	of	ADP
ajfa-10600	15	35	trading	trade	VERB
ajfa-10600	15	36	these	these	DET
ajfa-10600	15	37	products	product	NOUN
ajfa-10600	15	38	(	(	PUNCT
ajfa-10600	15	39	merchandising	merchandising	NOUN
ajfa-10600	15	40	companies	company	NOUN
ajfa-10600	15	41	)	)	PUNCT
ajfa-10600	15	42	.	.	PUNCT
ajfa-10600	16	1	the	the	DET
ajfa-10600	16	2	excessive	excessive	ADJ
ajfa-10600	16	3	amount	amount	NOUN
ajfa-10600	16	4	of	of	ADP
ajfa-10600	16	5	investment	investment	NOUN
ajfa-10600	16	6	in	in	ADP
ajfa-10600	16	7	these	these	DET
ajfa-10600	16	8	assets	asset	NOUN
ajfa-10600	16	9	may	may	AUX
ajfa-10600	16	10	result	result	VERB
ajfa-10600	16	11	in	in	ADP
ajfa-10600	16	12	the	the	DET
ajfa-10600	16	13	barrier	barrier	NOUN
ajfa-10600	16	14	of	of	ADP
ajfa-10600	16	15	the	the	DET
ajfa-10600	16	16	company	company	NOUN
ajfa-10600	16	17	’s	’s	PART
ajfa-10600	16	18	precious	precious	ADJ
ajfa-10600	16	19	cash	cash	NOUN
ajfa-10600	16	20	resources	resource	NOUN
ajfa-10600	16	21	and	and	CCONJ
ajfa-10600	16	22	eventually	eventually	ADV
ajfa-10600	16	23	profit	profit	NOUN
ajfa-10600	16	24	of	of	ADP
ajfa-10600	16	25	firms	firm	NOUN
ajfa-10600	16	26	may	may	AUX
ajfa-10600	16	27	decline	decline	VERB
ajfa-10600	16	28	.	.	PUNCT
ajfa-10600	17	1	there	there	PRON
ajfa-10600	17	2	is	be	VERB
ajfa-10600	17	3	always	always	ADV
ajfa-10600	17	4	tradeoff	tradeoff	NOUN
ajfa-10600	17	5	between	between	ADP
ajfa-10600	17	6	liquidity	liquidity	NOUN
ajfa-10600	17	7	and	and	CCONJ
ajfa-10600	17	8	profitability	profitability	NOUN
ajfa-10600	17	9	(	(	PUNCT
ajfa-10600	17	10	eljelly	eljelly	ADV
ajfa-10600	17	11	,	,	PUNCT
ajfa-10600	17	12	2004	2004	NUM
ajfa-10600	17	13	)	)	PUNCT
ajfa-10600	17	14	.	.	PUNCT
ajfa-10600	18	1	liquidity	liquidity	NOUN
ajfa-10600	18	2	and	and	CCONJ
ajfa-10600	18	3	profitability	profitability	NOUN
ajfa-10600	18	4	are	be	AUX
ajfa-10600	18	5	important	important	ADJ
ajfa-10600	18	6	goals	goal	NOUN
ajfa-10600	18	7	for	for	ADP
ajfa-10600	18	8	any	any	DET
ajfa-10600	18	9	firm	firm	NOUN
ajfa-10600	18	10	and	and	CCONJ
ajfa-10600	18	11	to	to	PART
ajfa-10600	18	12	sacrifice	sacrifice	VERB
ajfa-10600	18	13	one	one	NUM
ajfa-10600	18	14	goal	goal	NOUN
ajfa-10600	18	15	at	at	ADP
ajfa-10600	18	16	the	the	DET
ajfa-10600	18	17	cost	cost	NOUN
ajfa-10600	18	18	of	of	ADP
ajfa-10600	18	19	other	other	ADJ
ajfa-10600	18	20	can	can	AUX
ajfa-10600	18	21	create	create	VERB
ajfa-10600	18	22	severe	severe	ADJ
ajfa-10600	18	23	problems	problem	NOUN
ajfa-10600	18	24	for	for	ADP
ajfa-10600	18	25	the	the	DET
ajfa-10600	18	26	firm	firm	NOUN
ajfa-10600	18	27	(	(	PUNCT
ajfa-10600	18	28	kargar	kargar	NOUN
ajfa-10600	18	29	and	and	CCONJ
ajfa-10600	18	30	bluementhal	bluementhal	ADV
ajfa-10600	18	31	,	,	PUNCT
ajfa-10600	18	32	1994).profitability	1994).profitability	PROPN
ajfa-10600	18	33	is	be	AUX
ajfa-10600	18	34	important	important	ADJ
ajfa-10600	18	35	for	for	ADP
ajfa-10600	18	36	long	long	ADJ
ajfa-10600	18	37	term	term	NOUN
ajfa-10600	18	38	survival	survival	NOUN
ajfa-10600	18	39	of	of	ADP
ajfa-10600	18	40	firms	firm	NOUN
ajfa-10600	18	41	which	which	PRON
ajfa-10600	18	42	helps	help	VERB
ajfa-10600	18	43	to	to	PART
ajfa-10600	18	44	maximize	maximize	VERB
ajfa-10600	18	45	the	the	DET
ajfa-10600	18	46	wealth	wealth	NOUN
ajfa-10600	18	47	of	of	ADP
ajfa-10600	18	48	shareholders	shareholder	NOUN
ajfa-10600	18	49	.	.	PUNCT
ajfa-10600	19	1	on	on	ADP
ajfa-10600	19	2	the	the	DET
ajfa-10600	19	3	other	other	ADJ
ajfa-10600	19	4	hand	hand	NOUN
ajfa-10600	19	5	liquidity	liquidity	NOUN
ajfa-10600	19	6	is	be	AUX
ajfa-10600	19	7	important	important	ADJ
ajfa-10600	19	8	to	to	PART
ajfa-10600	19	9	cover	cover	VERB
ajfa-10600	19	10	its	its	PRON
ajfa-10600	19	11	short	short	ADJ
ajfa-10600	19	12	term	term	NOUN
ajfa-10600	19	13	obligations	obligation	NOUN
ajfa-10600	19	14	like	like	ADP
ajfa-10600	19	15	payment	payment	NOUN
ajfa-10600	19	16	to	to	ADP
ajfa-10600	19	17	supplier	supplier	NOUN
ajfa-10600	19	18	and	and	CCONJ
ajfa-10600	19	19	to	to	PART
ajfa-10600	19	20	protect	protect	VERB
ajfa-10600	19	21	itself	itself	PRON
ajfa-10600	19	22	from	from	ADP
ajfa-10600	19	23	bankruptcy	bankruptcy	NOUN
ajfa-10600	19	24	(	(	PUNCT
ajfa-10600	19	25	howorth	howorth	ADJ
ajfa-10600	19	26	and	and	CCONJ
ajfa-10600	19	27	westhead	westhead	NOUN
ajfa-10600	19	28	,	,	PUNCT
ajfa-10600	19	29	2003	2003	NUM
ajfa-10600	19	30	,	,	PUNCT
ajfa-10600	19	31	deloof	deloof	NOUN
ajfa-10600	19	32	,	,	PUNCT
ajfa-10600	19	33	2003	2003	NUM
ajfa-10600	19	34	,	,	PUNCT
ajfa-10600	19	35	afza	afza	PROPN
ajfa-10600	19	36	and	and	CCONJ
ajfa-10600	19	37	nazir	nazir	PROPN
ajfa-10600	19	38	,	,	PUNCT
ajfa-10600	19	39	2007,afza	2007,afza	PROPN
ajfa-10600	19	40	and	and	CCONJ
ajfa-10600	19	41	nazir	nazir	PROPN
ajfa-10600	19	42	,	,	PUNCT
ajfa-10600	19	43	2008)liquidity	2008)liquidity	NOUN
ajfa-10600	19	44	management	management	NOUN
ajfa-10600	19	45	requires	require	VERB
ajfa-10600	19	46	a	a	DET
ajfa-10600	19	47	careful	careful	ADJ
ajfa-10600	19	48	attention	attention	NOUN
ajfa-10600	19	49	since	since	SCONJ
ajfa-10600	19	50	it	it	PRON
ajfa-10600	19	51	plays	play	VERB
ajfa-10600	19	52	a	a	DET
ajfa-10600	19	53	major	major	ADJ
ajfa-10600	19	54	role	role	NOUN
ajfa-10600	19	55	in	in	ADP
ajfa-10600	19	56	firms	firm	NOUN
ajfa-10600	19	57	effectiveness	effectiveness	NOUN
ajfa-10600	19	58	,	,	PUNCT
ajfa-10600	19	59	value	value	NOUN
ajfa-10600	19	60	and	and	CCONJ
ajfa-10600	19	61	risk	risk	NOUN
ajfa-10600	19	62	(	(	PUNCT
ajfa-10600	19	63	smith	smith	NOUN
ajfa-10600	19	64	,	,	PUNCT
ajfa-10600	19	65	1980	1980	NUM
ajfa-10600	19	66	)	)	PUNCT
ajfa-10600	19	67	.	.	PUNCT
ajfa-10600	20	1	large	large	ADJ
ajfa-10600	20	2	inventory	inventory	NOUN
ajfa-10600	20	3	and	and	CCONJ
ajfa-10600	20	4	a	a	DET
ajfa-10600	20	5	substantial	substantial	ADJ
ajfa-10600	20	6	trade	trade	NOUN
ajfa-10600	20	7	credit	credit	NOUN
ajfa-10600	20	8	policy	policy	NOUN
ajfa-10600	20	9	may	may	AUX
ajfa-10600	20	10	lead	lead	VERB
ajfa-10600	20	11	to	to	ADP
ajfa-10600	20	12	high	high	ADJ
ajfa-10600	20	13	sales	sale	NOUN
ajfa-10600	20	14	.	.	PUNCT
ajfa-10600	21	1	firms	firm	NOUN
ajfa-10600	21	2	kept	keep	VERB
ajfa-10600	21	3	larger	large	ADJ
ajfa-10600	21	4	inventory	inventory	NOUN
ajfa-10600	21	5	to	to	PART
ajfa-10600	21	6	reduce	reduce	VERB
ajfa-10600	21	7	the	the	DET
ajfa-10600	21	8	risk	risk	NOUN
ajfa-10600	21	9	of	of	ADP
ajfa-10600	21	10	a	a	DET
ajfa-10600	21	11	stock	stock	NOUN
ajfa-10600	21	12	out	out	ADP
ajfa-10600	21	13	.	.	PUNCT
ajfa-10600	22	1	trade	trade	NOUN
ajfa-10600	22	2	credit	credit	NOUN
ajfa-10600	22	3	may	may	AUX
ajfa-10600	22	4	arouse	arouse	VERB
ajfa-10600	22	5	sales	sale	NOUN
ajfa-10600	22	6	because	because	SCONJ
ajfa-10600	22	7	it	it	PRON
ajfa-10600	22	8	allows	allow	VERB
ajfa-10600	22	9	customers	customer	NOUN
ajfa-10600	22	10	to	to	PART
ajfa-10600	22	11	assess	assess	VERB
ajfa-10600	22	12	product	product	NOUN
ajfa-10600	22	13	quality	quality	NOUN
ajfa-10600	22	14	before	before	ADP
ajfa-10600	22	15	paying	pay	VERB
ajfa-10600	22	16	(	(	PUNCT
ajfa-10600	22	17	long	long	ADJ
ajfa-10600	22	18	,	,	PUNCT
ajfa-10600	22	19	maltiz	maltiz	PROPN
ajfa-10600	22	20	&	&	CCONJ
ajfa-10600	22	21	ravid	ravid	PROPN
ajfa-10600	22	22	1993	1993	NUM
ajfa-10600	22	23	)	)	PUNCT
ajfa-10600	22	24	.	.	PUNCT
ajfa-10600	23	1	liquidity	liquidity	NOUN
ajfa-10600	23	2	is	be	AUX
ajfa-10600	23	3	concerned	concern	VERB
ajfa-10600	23	4	with	with	ADP
ajfa-10600	23	5	making	make	VERB
ajfa-10600	23	6	sure	sure	ADJ
ajfa-10600	23	7	that	that	SCONJ
ajfa-10600	23	8	firms	firm	NOUN
ajfa-10600	23	9	have	have	VERB
ajfa-10600	23	10	exactly	exactly	ADV
ajfa-10600	23	11	the	the	DET
ajfa-10600	23	12	right	right	ADJ
ajfa-10600	23	13	amount	amount	NOUN
ajfa-10600	23	14	of	of	ADP
ajfa-10600	23	15	money	money	NOUN
ajfa-10600	23	16	and	and	CCONJ
ajfa-10600	23	17	lines	line	NOUN
ajfa-10600	23	18	of	of	ADP
ajfa-10600	23	19	credit	credit	NOUN
ajfa-10600	23	20	available	available	ADJ
ajfa-10600	23	21	to	to	ADP
ajfa-10600	23	22	the	the	DET
ajfa-10600	23	23	business	business	NOUN
ajfa-10600	23	24	at	at	ADP
ajfa-10600	23	25	all	all	DET
ajfa-10600	23	26	times	time	NOUN
ajfa-10600	23	27	.	.	PUNCT
ajfa-10600	24	1	a	a	DET
ajfa-10600	24	2	popular	popular	ADJ
ajfa-10600	24	3	measure	measure	NOUN
ajfa-10600	24	4	of	of	ADP
ajfa-10600	24	5	liquidity	liquidity	NOUN
ajfa-10600	24	6	is	be	AUX
ajfa-10600	24	7	cash	cash	NOUN
ajfa-10600	24	8	gap	gap	NOUN
ajfa-10600	24	9	or	or	CCONJ
ajfa-10600	24	10	cash	cash	NOUN
ajfa-10600	24	11	conversion	conversion	NOUN
ajfa-10600	24	12	cycle	cycle	NOUN
ajfa-10600	24	13	,	,	PUNCT
ajfa-10600	24	14	the	the	DET
ajfa-10600	24	15	time	time	NOUN
ajfa-10600	24	16	lag	lag	VERB
ajfa-10600	24	17	between	between	ADP
ajfa-10600	24	18	the	the	DET
ajfa-10600	24	19	expenditure	expenditure	NOUN
ajfa-10600	24	20	for	for	ADP
ajfa-10600	24	21	the	the	DET
ajfa-10600	24	22	purchases	purchase	NOUN
ajfa-10600	24	23	of	of	ADP
ajfa-10600	24	24	raw	raw	ADJ
ajfa-10600	24	25	materials	material	NOUN
ajfa-10600	24	26	and	and	CCONJ
ajfa-10600	24	27	the	the	DET
ajfa-10600	24	28	collection	collection	NOUN
ajfa-10600	24	29	of	of	ADP
ajfa-10600	24	30	sales	sale	NOUN
ajfa-10600	24	31	of	of	ADP
ajfa-10600	24	32	finished	finish	VERB
ajfa-10600	24	33	goods	good	NOUN
ajfa-10600	24	34	(	(	PUNCT
ajfa-10600	24	35	deloof	deloof	NOUN
ajfa-10600	24	36	,	,	PUNCT
ajfa-10600	24	37	2003	2003	NUM
ajfa-10600	24	38	)	)	PUNCT
ajfa-10600	24	39	.	.	PUNCT
ajfa-10600	25	1	the	the	PRON
ajfa-10600	25	2	longer	long	ADV
ajfa-10600	25	3	this	this	DET
ajfa-10600	25	4	time	time	NOUN
ajfa-10600	25	5	lag	lag	PROPN
ajfa-10600	25	6	,	,	PUNCT
ajfa-10600	25	7	the	the	PRON
ajfa-10600	25	8	larger	large	ADJ
ajfa-10600	25	9	the	the	DET
ajfa-10600	25	10	investment	investment	NOUN
ajfa-10600	25	11	in	in	ADP
ajfa-10600	25	12	working	work	VERB
ajfa-10600	25	13	capital	capital	NOUN
ajfa-10600	25	14	.	.	PUNCT
ajfa-10600	26	1	a	a	DET
ajfa-10600	26	2	longer	long	ADJ
ajfa-10600	26	3	cash	cash	NOUN
ajfa-10600	26	4	gap	gap	NOUN
ajfa-10600	26	5	might	might	AUX
ajfa-10600	26	6	increase	increase	VERB
ajfa-10600	26	7	profitability	profitability	NOUN
ajfa-10600	26	8	because	because	SCONJ
ajfa-10600	26	9	it	it	PRON
ajfa-10600	26	10	leads	lead	VERB
ajfa-10600	26	11	to	to	PART
ajfa-10600	26	12	increase	increase	VERB
ajfa-10600	26	13	in	in	ADP
ajfa-10600	26	14	sales	sale	NOUN
ajfa-10600	26	15	of	of	ADP
ajfa-10600	26	16	companies	company	NOUN
ajfa-10600	26	17	.	.	PUNCT
ajfa-10600	27	1	however	however	ADV
ajfa-10600	27	2	,	,	PUNCT
ajfa-10600	27	3	corporate	corporate	ADJ
ajfa-10600	27	4	profitability	profitability	NOUN
ajfa-10600	27	5	might	might	AUX
ajfa-10600	27	6	also	also	ADV
ajfa-10600	27	7	decrease	decrease	VERB
ajfa-10600	27	8	with	with	ADP
ajfa-10600	27	9	the	the	DET
ajfa-10600	27	10	cash	cash	NOUN
ajfa-10600	27	11	gap	gap	NOUN
ajfa-10600	27	12	.	.	PUNCT
ajfa-10600	28	1	a	a	DET
ajfa-10600	28	2	firm	firm	NOUN
ajfa-10600	28	3	is	be	AUX
ajfa-10600	28	4	required	require	VERB
ajfa-10600	28	5	to	to	PART
ajfa-10600	28	6	maintain	maintain	VERB
ajfa-10600	28	7	a	a	DET
ajfa-10600	28	8	balance	balance	NOUN
ajfa-10600	28	9	between	between	ADP
ajfa-10600	28	10	liquidity	liquidity	NOUN
ajfa-10600	28	11	and	and	CCONJ
ajfa-10600	28	12	profitability	profitability	NOUN
ajfa-10600	28	13	for	for	ADP
ajfa-10600	28	14	the	the	DET
ajfa-10600	28	15	sake	sake	NOUN
ajfa-10600	28	16	of	of	ADP
ajfa-10600	28	17	its	its	PRON
ajfa-10600	28	18	short	short	ADJ
ajfa-10600	28	19	term	term	NOUN
ajfa-10600	28	20	obligations	obligation	NOUN
ajfa-10600	28	21	.	.	PUNCT
ajfa-10600	29	1	liquidity	liquidity	NOUN
ajfa-10600	29	2	is	be	AUX
ajfa-10600	29	3	a	a	DET
ajfa-10600	29	4	prerequisite	prerequisite	NOUN
ajfa-10600	29	5	to	to	PART
ajfa-10600	29	6	ensure	ensure	VERB
ajfa-10600	29	7	that	that	SCONJ
ajfa-10600	29	8	firms	firm	NOUN
ajfa-10600	29	9	are	be	AUX
ajfa-10600	29	10	able	able	ADJ
ajfa-10600	29	11	to	to	PART
ajfa-10600	29	12	pay	pay	VERB
ajfa-10600	29	13	its	its	PRON
ajfa-10600	29	14	short	short	ADJ
ajfa-10600	29	15	term	term	NOUN
ajfa-10600	29	16	debt	debt	NOUN
ajfa-10600	29	17	and	and	CCONJ
ajfa-10600	29	18	its	its	PRON
ajfa-10600	29	19	continued	continue	VERB
ajfa-10600	29	20	flow	flow	NOUN
ajfa-10600	29	21	can	can	AUX
ajfa-10600	29	22	be	be	AUX
ajfa-10600	29	23	guaranteed	guarantee	VERB
ajfa-10600	29	24	from	from	ADP
ajfa-10600	29	25	a	a	DET
ajfa-10600	29	26	profitable	profitable	ADJ
ajfa-10600	29	27	business	business	NOUN
ajfa-10600	29	28	enterprise	enterprise	NOUN
ajfa-10600	29	29	.	.	PUNCT
ajfa-10600	30	1	liquidity	liquidity	NOUN
ajfa-10600	30	2	for	for	ADP
ajfa-10600	30	3	the	the	DET
ajfa-10600	30	4	ongoing	ongoing	ADJ
ajfa-10600	30	5	firm	firm	NOUN
ajfa-10600	30	6	is	be	AUX
ajfa-10600	30	7	not	not	PART
ajfa-10600	30	8	dependent	dependent	ADJ
ajfa-10600	30	9	on	on	ADP
ajfa-10600	30	10	the	the	DET
ajfa-10600	30	11	liquidation	liquidation	NOUN
ajfa-10600	30	12	value	value	NOUN
ajfa-10600	30	13	of	of	ADP
ajfa-10600	30	14	its	its	PRON
ajfa-10600	30	15	assets	asset	NOUN
ajfa-10600	30	16	,	,	PUNCT
ajfa-10600	30	17	but	but	CCONJ
ajfa-10600	30	18	also	also	ADV
ajfa-10600	30	19	depends	depend	VERB
ajfa-10600	30	20	on	on	ADP
ajfa-10600	30	21	the	the	DET
ajfa-10600	30	22	operating	operate	VERB
ajfa-10600	30	23	cash	cash	NOUN
ajfa-10600	30	24	flows	flow	NOUN
ajfa-10600	30	25	generated	generate	VERB
ajfa-10600	30	26	by	by	ADP
ajfa-10600	30	27	those	those	DET
ajfa-10600	30	28	assets	asset	NOUN
ajfa-10600	30	29	of	of	ADP
ajfa-10600	30	30	firms	firm	NOUN
ajfa-10600	30	31	(	(	PUNCT
ajfa-10600	30	32	soenen	soenen	NOUN
ajfa-10600	30	33	,	,	PUNCT
ajfa-10600	30	34	1993	1993	NUM
ajfa-10600	30	35	)	)	PUNCT
ajfa-10600	30	36	.	.	PUNCT
ajfa-10600	31	1	brigham	brigham	PROPN
ajfa-10600	31	2	and	and	CCONJ
ajfa-10600	31	3	ehrhardt	ehrhardt	PROPN
ajfa-10600	31	4	(	(	PUNCT
ajfa-10600	31	5	2005	2005	NUM
ajfa-10600	31	6	:	:	PUNCT
ajfa-10600	31	7	745	745	NUM
ajfa-10600	31	8	)	)	PUNCT
ajfa-10600	31	9	define	define	VERB
ajfa-10600	31	10	cash	cash	NOUN
ajfa-10600	31	11	gap	gap	NOUN
ajfa-10600	31	12	as	as	ADP
ajfa-10600	31	13	“	"	PUNCT
ajfa-10600	31	14	nets	net	VERB
ajfa-10600	31	15	out	out	ADP
ajfa-10600	31	16	the	the	DET
ajfa-10600	31	17	three	three	NUM
ajfa-10600	31	18	periods	period	NOUN
ajfa-10600	31	19	just	just	ADV
ajfa-10600	31	20	defined	define	VERB
ajfa-10600	31	21	and	and	CCONJ
ajfa-10600	31	22	which	which	PRON
ajfa-10600	31	23	therefore	therefore	ADV
ajfa-10600	31	24	equals	equal	VERB
ajfa-10600	31	25	the	the	DET
ajfa-10600	31	26	length	length	NOUN
ajfa-10600	31	27	of	of	ADP
ajfa-10600	31	28	time	time	NOUN
ajfa-10600	31	29	between	between	ADP
ajfa-10600	31	30	the	the	DET
ajfa-10600	31	31	firm	firm	NOUN
ajfa-10600	31	32	’s	’s	PART
ajfa-10600	31	33	actual	actual	ADJ
ajfa-10600	31	34	cash	cash	NOUN
ajfa-10600	31	35	gap	gap	NOUN
ajfa-10600	31	36	expenditures	expenditure	NOUN
ajfa-10600	31	37	to	to	PART
ajfa-10600	31	38	pay	pay	VERB
ajfa-10600	31	39	for	for	ADP
ajfa-10600	31	40	productive	productive	ADJ
ajfa-10600	31	41	resources	resource	NOUN
ajfa-10600	31	42	(	(	PUNCT
ajfa-10600	31	43	materials	material	NOUN
ajfa-10600	31	44	and	and	CCONJ
ajfa-10600	31	45	labor	labor	NOUN
ajfa-10600	31	46	)	)	PUNCT
ajfa-10600	31	47	and	and	CCONJ
ajfa-10600	31	48	its	its	PRON
ajfa-10600	31	49	own	own	ADJ
ajfa-10600	31	50	cash	cash	NOUN
ajfa-10600	31	51	receipts	receipt	NOUN
ajfa-10600	31	52	from	from	ADP
ajfa-10600	31	53	the	the	DET
ajfa-10600	31	54	sale	sale	NOUN
ajfa-10600	31	55	of	of	ADP
ajfa-10600	31	56	products	product	NOUN
ajfa-10600	31	57	(	(	PUNCT
ajfa-10600	31	58	that	that	PRON
ajfa-10600	31	59	is	is	ADV
ajfa-10600	31	60	,	,	PUNCT
ajfa-10600	31	61	the	the	DET
ajfa-10600	31	62	length	length	NOUN
ajfa-10600	31	63	of	of	ADP
ajfa-10600	31	64	time	time	NOUN
ajfa-10600	31	65	between	between	ADP
ajfa-10600	31	66	paying	pay	VERB
ajfa-10600	31	67	for	for	ADP
ajfa-10600	31	68	labor	labor	NOUN
ajfa-10600	31	69	and	and	CCONJ
ajfa-10600	31	70	materials	material	NOUN
ajfa-10600	31	71	and	and	CCONJ
ajfa-10600	31	72	collecting	collect	VERB
ajfa-10600	31	73	on	on	ADP
ajfa-10600	31	74	receivables	receivable	NOUN
ajfa-10600	31	75	)	)	PUNCT
ajfa-10600	31	76	.	.	PUNCT
ajfa-10600	31	77	”	"	PUNCT
ajfa-10600	32	1	working	work	VERB
ajfa-10600	32	2	capital	capital	NOUN
ajfa-10600	32	3	management	management	NOUN
ajfa-10600	32	4	basically	basically	ADV
ajfa-10600	32	5	cover	cover	VERB
ajfa-10600	32	6	the	the	DET
ajfa-10600	32	7	planning	planning	NOUN
ajfa-10600	32	8	and	and	CCONJ
ajfa-10600	32	9	controlling	control	VERB
ajfa-10600	32	10	activities	activity	NOUN
ajfa-10600	32	11	of	of	ADP
ajfa-10600	32	12	the	the	DET
ajfa-10600	32	13	firms	firm	NOUN
ajfa-10600	32	14	regarding	regard	VERB
ajfa-10600	32	15	their	their	PRON
ajfa-10600	32	16	current	current	ADJ
ajfa-10600	32	17	assets	asset	NOUN
ajfa-10600	32	18	and	and	CCONJ
ajfa-10600	32	19	current	current	ADJ
ajfa-10600	32	20	liabilities	liability	NOUN
ajfa-10600	32	21	in	in	ADP
ajfa-10600	32	22	a	a	DET
ajfa-10600	32	23	manner	manner	NOUN
ajfa-10600	32	24	that	that	PRON
ajfa-10600	32	25	guarantees	guarantee	VERB
ajfa-10600	32	26	their	their	PRON
ajfa-10600	32	27	ability	ability	NOUN
ajfa-10600	32	28	to	to	PART
ajfa-10600	32	29	meet	meet	VERB
ajfa-10600	32	30	their	their	PRON
ajfa-10600	32	31	current	current	ADJ
ajfa-10600	32	32	obligations	obligation	NOUN
ajfa-10600	32	33	satisfactorily	satisfactorily	ADV
ajfa-10600	32	34	as	as	ADV
ajfa-10600	32	35	well	well	ADV
ajfa-10600	32	36	as	as	ADP
ajfa-10600	32	37	a	a	DET
ajfa-10600	32	38	maximum	maximum	ADJ
ajfa-10600	32	39	return	return	NOUN
ajfa-10600	32	40	on	on	ADP
ajfa-10600	32	41	their	their	PRON
ajfa-10600	32	42	precious	precious	ADJ
ajfa-10600	32	43	investment	investment	NOUN
ajfa-10600	32	44	in	in	ADP
ajfa-10600	32	45	these	these	DET
ajfa-10600	32	46	revolving	revolve	VERB
ajfa-10600	32	47	assets	asset	NOUN
ajfa-10600	32	48	(	(	PUNCT
ajfa-10600	32	49	eljelly	eljelly	ADV
ajfa-10600	32	50	,	,	PUNCT
ajfa-10600	32	51	2004	2004	NUM
ajfa-10600	32	52	)	)	PUNCT
ajfa-10600	32	53	.	.	PUNCT
ajfa-10600	33	1	asian	asian	ADJ
ajfa-10600	33	2	journal	journal	PROPN
ajfa-10600	33	3	of	of	ADP
ajfa-10600	33	4	finance	finance	PROPN
ajfa-10600	33	5	&	&	CCONJ
ajfa-10600	33	6	accounting	accounting	PROPN
ajfa-10600	33	7	issn	issn	PROPN
ajfa-10600	33	8	1946	1946	NUM
ajfa-10600	33	9	-	-	PUNCT
ajfa-10600	33	10	052x	052x	PROPN
ajfa-10600	33	11	2017	2017	NUM
ajfa-10600	33	12	,	,	PUNCT
ajfa-10600	33	13	vol	vol	NOUN
ajfa-10600	33	14	.	.	NOUN
ajfa-10600	33	15	9	9	NUM
ajfa-10600	33	16	,	,	PUNCT
ajfa-10600	33	17	no	no	INTJ
ajfa-10600	33	18	.	.	NOUN
ajfa-10600	33	19	1	1	NUM
ajfa-10600	33	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	33	21	56	56	NUM
ajfa-10600	33	22	efficient	efficient	ADJ
ajfa-10600	33	23	management	management	NOUN
ajfa-10600	33	24	of	of	ADP
ajfa-10600	33	25	liquidity	liquidity	NOUN
ajfa-10600	33	26	is	be	AUX
ajfa-10600	33	27	a	a	DET
ajfa-10600	33	28	fundamental	fundamental	ADJ
ajfa-10600	33	29	part	part	NOUN
ajfa-10600	33	30	of	of	ADP
ajfa-10600	33	31	the	the	DET
ajfa-10600	33	32	overall	overall	ADJ
ajfa-10600	33	33	corporate	corporate	ADJ
ajfa-10600	33	34	strategy	strategy	NOUN
ajfa-10600	33	35	to	to	PART
ajfa-10600	33	36	maximize	maximize	VERB
ajfa-10600	33	37	the	the	DET
ajfa-10600	33	38	wealth	wealth	NOUN
ajfa-10600	33	39	of	of	ADP
ajfa-10600	33	40	shareholders	shareholder	NOUN
ajfa-10600	33	41	.	.	PUNCT
ajfa-10600	34	1	firms	firm	NOUN
ajfa-10600	34	2	try	try	VERB
ajfa-10600	34	3	to	to	PART
ajfa-10600	34	4	keep	keep	VERB
ajfa-10600	34	5	an	an	DET
ajfa-10600	34	6	optimal	optimal	ADJ
ajfa-10600	34	7	level	level	NOUN
ajfa-10600	34	8	of	of	ADP
ajfa-10600	34	9	liquidity	liquidity	NOUN
ajfa-10600	34	10	that	that	PRON
ajfa-10600	34	11	maximizes	maximize	VERB
ajfa-10600	34	12	their	their	PRON
ajfa-10600	34	13	value	value	NOUN
ajfa-10600	34	14	(	(	PUNCT
ajfa-10600	34	15	howorth	howorth	ADJ
ajfa-10600	34	16	and	and	CCONJ
ajfa-10600	34	17	westhead	westhead	NOUN
ajfa-10600	34	18	,	,	PUNCT
ajfa-10600	34	19	2003	2003	NUM
ajfa-10600	34	20	;	;	PUNCT
ajfa-10600	34	21	deloof	deloof	NOUN
ajfa-10600	34	22	,	,	PUNCT
ajfa-10600	34	23	2003	2003	NUM
ajfa-10600	34	24	;	;	PUNCT
ajfa-10600	34	25	afza	afza	PROPN
ajfa-10600	34	26	and	and	CCONJ
ajfa-10600	34	27	nazir	nazir	PROPN
ajfa-10600	34	28	,	,	PUNCT
ajfa-10600	34	29	2007	2007	NUM
ajfa-10600	34	30	)	)	PUNCT
ajfa-10600	34	31	.	.	PUNCT
ajfa-10600	35	1	according	accord	VERB
ajfa-10600	35	2	to	to	ADP
ajfa-10600	35	3	chief	chief	ADJ
ajfa-10600	35	4	financial	financial	ADJ
ajfa-10600	35	5	officer	officer	NOUN
ajfa-10600	35	6	(	(	PUNCT
ajfa-10600	35	7	cfo	cfo	PROPN
ajfa-10600	35	8	)	)	PUNCT
ajfa-10600	35	9	,	,	PUNCT
ajfa-10600	35	10	liquidity	liquidity	NOUN
ajfa-10600	35	11	management	management	NOUN
ajfa-10600	35	12	a	a	DET
ajfa-10600	35	13	simple	simple	ADJ
ajfa-10600	35	14	and	and	CCONJ
ajfa-10600	35	15	straightforward	straightforward	ADJ
ajfa-10600	35	16	concept	concept	NOUN
ajfa-10600	35	17	of	of	ADP
ajfa-10600	35	18	ensuring	ensure	VERB
ajfa-10600	35	19	the	the	DET
ajfa-10600	35	20	ability	ability	NOUN
ajfa-10600	35	21	of	of	ADP
ajfa-10600	35	22	the	the	DET
ajfa-10600	35	23	organization	organization	NOUN
ajfa-10600	35	24	to	to	PART
ajfa-10600	35	25	fund	fund	VERB
ajfa-10600	35	26	the	the	DET
ajfa-10600	35	27	difference	difference	NOUN
ajfa-10600	35	28	between	between	ADP
ajfa-10600	35	29	the	the	DET
ajfa-10600	35	30	current	current	ADJ
ajfa-10600	35	31	assets	asset	NOUN
ajfa-10600	35	32	and	and	CCONJ
ajfa-10600	35	33	current	current	ADJ
ajfa-10600	35	34	liabilities	liability	NOUN
ajfa-10600	35	35	(	(	PUNCT
ajfa-10600	35	36	harris	harris	PROPN
ajfa-10600	35	37	,	,	PUNCT
ajfa-10600	35	38	2005	2005	NUM
ajfa-10600	35	39	)	)	PUNCT
ajfa-10600	35	40	.	.	PUNCT
ajfa-10600	36	1	however	however	ADV
ajfa-10600	36	2	,	,	PUNCT
ajfa-10600	36	3	a	a	DET
ajfa-10600	36	4	“	"	PUNCT
ajfa-10600	36	5	total	total	ADJ
ajfa-10600	36	6	approach	approach	NOUN
ajfa-10600	36	7	should	should	AUX
ajfa-10600	36	8	be	be	AUX
ajfa-10600	36	9	followed	follow	VERB
ajfa-10600	36	10	which	which	PRON
ajfa-10600	36	11	cover	cover	VERB
ajfa-10600	36	12	all	all	DET
ajfa-10600	36	13	the	the	DET
ajfa-10600	36	14	company	company	NOUN
ajfa-10600	36	15	’s	’s	PART
ajfa-10600	36	16	activities	activity	NOUN
ajfa-10600	36	17	relating	relate	VERB
ajfa-10600	36	18	to	to	ADP
ajfa-10600	36	19	customer	customer	NOUN
ajfa-10600	36	20	,	,	PUNCT
ajfa-10600	36	21	supplier	supplier	NOUN
ajfa-10600	36	22	and	and	CCONJ
ajfa-10600	36	23	product	product	NOUN
ajfa-10600	36	24	”	"	PUNCT
ajfa-10600	36	25	(	(	PUNCT
ajfa-10600	36	26	hall	hall	NOUN
ajfa-10600	36	27	,	,	PUNCT
ajfa-10600	36	28	2002	2002	NUM
ajfa-10600	36	29	)	)	PUNCT
ajfa-10600	36	30	.	.	PUNCT
ajfa-10600	37	1	the	the	DET
ajfa-10600	37	2	overall	overall	ADJ
ajfa-10600	37	3	objective	objective	NOUN
ajfa-10600	37	4	of	of	ADP
ajfa-10600	37	5	this	this	DET
ajfa-10600	37	6	study	study	NOUN
ajfa-10600	37	7	is	be	AUX
ajfa-10600	37	8	to	to	PART
ajfa-10600	37	9	investigate	investigate	VERB
ajfa-10600	37	10	the	the	DET
ajfa-10600	37	11	relationship	relationship	NOUN
ajfa-10600	37	12	between	between	ADP
ajfa-10600	37	13	liquidity	liquidity	NOUN
ajfa-10600	37	14	and	and	CCONJ
ajfa-10600	37	15	profitability	profitability	NOUN
ajfa-10600	37	16	of	of	ADP
ajfa-10600	37	17	firms	firm	NOUN
ajfa-10600	37	18	in	in	ADP
ajfa-10600	37	19	pakistan	pakistan	PROPN
ajfa-10600	37	20	and	and	CCONJ
ajfa-10600	37	21	to	to	PART
ajfa-10600	37	22	find	find	VERB
ajfa-10600	37	23	out	out	ADP
ajfa-10600	37	24	the	the	DET
ajfa-10600	37	25	effects	effect	NOUN
ajfa-10600	37	26	of	of	ADP
ajfa-10600	37	27	different	different	ADJ
ajfa-10600	37	28	components	component	NOUN
ajfa-10600	37	29	of	of	ADP
ajfa-10600	37	30	liquidity	liquidity	NOUN
ajfa-10600	37	31	on	on	ADP
ajfa-10600	37	32	profitability	profitability	NOUN
ajfa-10600	37	33	of	of	ADP
ajfa-10600	37	34	firms	firm	NOUN
ajfa-10600	37	35	.	.	PUNCT
ajfa-10600	38	1	2	2	X
ajfa-10600	38	2	.	.	X
ajfa-10600	38	3	literature	literature	NOUN
ajfa-10600	38	4	review	review	PROPN
ajfa-10600	38	5	liquidity	liquidity	NOUN
ajfa-10600	38	6	is	be	AUX
ajfa-10600	38	7	an	an	DET
ajfa-10600	38	8	important	important	ADJ
ajfa-10600	38	9	issue	issue	NOUN
ajfa-10600	38	10	in	in	ADP
ajfa-10600	38	11	financial	financial	ADJ
ajfa-10600	38	12	decision	decision	NOUN
ajfa-10600	38	13	making	making	NOUN
ajfa-10600	38	14	.	.	PUNCT
ajfa-10600	39	1	it	it	PRON
ajfa-10600	39	2	includes	include	VERB
ajfa-10600	39	3	investment	investment	NOUN
ajfa-10600	39	4	in	in	ADP
ajfa-10600	39	5	asset	asset	NOUN
ajfa-10600	39	6	that	that	PRON
ajfa-10600	39	7	requires	require	VERB
ajfa-10600	39	8	appropriate	appropriate	ADJ
ajfa-10600	39	9	financing	financing	NOUN
ajfa-10600	39	10	investment	investment	NOUN
ajfa-10600	39	11	.	.	PUNCT
ajfa-10600	40	1	however	however	ADV
ajfa-10600	40	2	,	,	PUNCT
ajfa-10600	40	3	liquidity	liquidity	NOUN
ajfa-10600	40	4	issues	issue	NOUN
ajfa-10600	40	5	are	be	AUX
ajfa-10600	40	6	usually	usually	ADV
ajfa-10600	40	7	neglected	neglect	VERB
ajfa-10600	40	8	by	by	ADP
ajfa-10600	40	9	the	the	DET
ajfa-10600	40	10	firms	firm	NOUN
ajfa-10600	40	11	in	in	ADP
ajfa-10600	40	12	financial	financial	ADJ
ajfa-10600	40	13	decision	decision	NOUN
ajfa-10600	40	14	making	make	VERB
ajfa-10600	40	15	as	as	SCONJ
ajfa-10600	40	16	it	it	PRON
ajfa-10600	40	17	involves	involve	VERB
ajfa-10600	40	18	investment	investment	NOUN
ajfa-10600	40	19	and	and	CCONJ
ajfa-10600	40	20	financing	financing	NOUN
ajfa-10600	40	21	in	in	ADP
ajfa-10600	40	22	the	the	DET
ajfa-10600	40	23	short	short	ADJ
ajfa-10600	40	24	term	term	NOUN
ajfa-10600	40	25	period	period	NOUN
ajfa-10600	40	26	.	.	PUNCT
ajfa-10600	41	1	if	if	SCONJ
ajfa-10600	41	2	firms	firm	NOUN
ajfa-10600	41	3	have	have	VERB
ajfa-10600	41	4	good	good	ADJ
ajfa-10600	41	5	relationships	relationship	NOUN
ajfa-10600	41	6	with	with	ADP
ajfa-10600	41	7	their	their	PRON
ajfa-10600	41	8	trade	trade	NOUN
ajfa-10600	41	9	creditors	creditor	NOUN
ajfa-10600	41	10	,	,	PUNCT
ajfa-10600	41	11	they	they	PRON
ajfa-10600	41	12	might	might	AUX
ajfa-10600	41	13	be	be	AUX
ajfa-10600	41	14	able	able	ADJ
ajfa-10600	41	15	to	to	PART
ajfa-10600	41	16	solicit	solicit	VERB
ajfa-10600	41	17	their	their	PRON
ajfa-10600	41	18	help	help	NOUN
ajfa-10600	41	19	in	in	ADP
ajfa-10600	41	20	providing	provide	VERB
ajfa-10600	41	21	short	short	ADJ
ajfa-10600	41	22	term	term	NOUN
ajfa-10600	41	23	working	work	VERB
ajfa-10600	41	24	capital	capital	NOUN
ajfa-10600	41	25	.	.	PUNCT
ajfa-10600	42	1	samiloglu	samiloglu	NOUN
ajfa-10600	42	2	and	and	CCONJ
ajfa-10600	42	3	demirgunes	demirgune	NOUN
ajfa-10600	42	4	(	(	PUNCT
ajfa-10600	42	5	2008	2008	NUM
ajfa-10600	42	6	)	)	PUNCT
ajfa-10600	42	7	defined	define	VERB
ajfa-10600	42	8	that	that	SCONJ
ajfa-10600	42	9	liquidity	liquidity	NOUN
ajfa-10600	42	10	management	management	NOUN
ajfa-10600	42	11	in	in	ADP
ajfa-10600	42	12	literature	literature	NOUN
ajfa-10600	42	13	is	be	AUX
ajfa-10600	42	14	simple	simple	ADJ
ajfa-10600	42	15	and	and	CCONJ
ajfa-10600	42	16	a	a	DET
ajfa-10600	42	17	straightforward	straightforward	ADJ
ajfa-10600	42	18	concept	concept	NOUN
ajfa-10600	42	19	that	that	PRON
ajfa-10600	42	20	ensures	ensure	VERB
ajfa-10600	42	21	the	the	DET
ajfa-10600	42	22	ability	ability	NOUN
ajfa-10600	42	23	of	of	ADP
ajfa-10600	42	24	the	the	DET
ajfa-10600	42	25	organization	organization	NOUN
ajfa-10600	42	26	to	to	PART
ajfa-10600	42	27	fund	fund	VERB
ajfa-10600	42	28	the	the	DET
ajfa-10600	42	29	difference	difference	NOUN
ajfa-10600	42	30	between	between	ADP
ajfa-10600	42	31	the	the	DET
ajfa-10600	42	32	current	current	ADJ
ajfa-10600	42	33	assets	asset	NOUN
ajfa-10600	42	34	and	and	CCONJ
ajfa-10600	42	35	current	current	ADJ
ajfa-10600	42	36	liabilities	liability	NOUN
ajfa-10600	42	37	.	.	PUNCT
ajfa-10600	43	1	muhammad	muhammad	PROPN
ajfa-10600	43	2	etal	etal	PROPN
ajfa-10600	43	3	.	.	PUNCT
ajfa-10600	43	4	,	,	PUNCT
ajfa-10600	43	5	(	(	PUNCT
ajfa-10600	43	6	2015	2015	NUM
ajfa-10600	43	7	)	)	PUNCT
ajfa-10600	43	8	analyzed	analyze	VERB
ajfa-10600	43	9	the	the	DET
ajfa-10600	43	10	impact	impact	NOUN
ajfa-10600	43	11	of	of	ADP
ajfa-10600	43	12	working	work	VERB
ajfa-10600	43	13	capital	capital	NOUN
ajfa-10600	43	14	management	management	NOUN
ajfa-10600	43	15	on	on	ADP
ajfa-10600	43	16	the	the	DET
ajfa-10600	43	17	profitability	profitability	NOUN
ajfa-10600	43	18	of	of	ADP
ajfa-10600	43	19	seven	seven	NUM
ajfa-10600	43	20	firms	firm	NOUN
ajfa-10600	43	21	listed	list	VERB
ajfa-10600	43	22	on	on	ADP
ajfa-10600	43	23	the	the	DET
ajfa-10600	43	24	nigerian	nigerian	ADJ
ajfa-10600	43	25	stock	stock	NOUN
ajfa-10600	43	26	exchange	exchange	NOUN
ajfa-10600	43	27	over	over	ADP
ajfa-10600	43	28	the	the	DET
ajfa-10600	43	29	periods	period	NOUN
ajfa-10600	43	30	of	of	ADP
ajfa-10600	43	31	2008	2008	NUM
ajfa-10600	43	32	to	to	ADP
ajfa-10600	43	33	2012	2012	NUM
ajfa-10600	43	34	.	.	PUNCT
ajfa-10600	44	1	they	they	PRON
ajfa-10600	44	2	found	find	VERB
ajfa-10600	44	3	that	that	SCONJ
ajfa-10600	44	4	current	current	ADJ
ajfa-10600	44	5	ratio	ratio	NOUN
ajfa-10600	44	6	(	(	PUNCT
ajfa-10600	44	7	cr),the	cr),the	DET
ajfa-10600	44	8	size	size	NOUN
ajfa-10600	44	9	of	of	ADP
ajfa-10600	44	10	the	the	DET
ajfa-10600	44	11	firm	firm	NOUN
ajfa-10600	44	12	(	(	PUNCT
ajfa-10600	44	13	logsize	logsize	NOUN
ajfa-10600	44	14	)	)	PUNCT
ajfa-10600	44	15	and	and	CCONJ
ajfa-10600	44	16	average	average	ADJ
ajfa-10600	44	17	collection	collection	NOUN
ajfa-10600	44	18	period	period	NOUN
ajfa-10600	44	19	(	(	PUNCT
ajfa-10600	44	20	acp)is	acp)is	ADJ
ajfa-10600	44	21	positively	positively	ADV
ajfa-10600	44	22	influenced	influence	VERB
ajfa-10600	44	23	with	with	ADP
ajfa-10600	44	24	profitability	profitability	NOUN
ajfa-10600	44	25	,	,	PUNCT
ajfa-10600	44	26	while	while	SCONJ
ajfa-10600	44	27	inventory	inventory	NOUN
ajfa-10600	44	28	turnover	turnover	NOUN
ajfa-10600	44	29	period	period	NOUN
ajfa-10600	44	30	(	(	PUNCT
ajfa-10600	44	31	itp	itp	PROPN
ajfa-10600	44	32	)	)	PUNCT
ajfa-10600	44	33	,	,	PUNCT
ajfa-10600	44	34	average	average	ADJ
ajfa-10600	44	35	payment	payment	NOUN
ajfa-10600	44	36	period	period	NOUN
ajfa-10600	44	37	(	(	PUNCT
ajfa-10600	44	38	app	app	X
ajfa-10600	44	39	)	)	PUNCT
ajfa-10600	44	40	has	have	AUX
ajfa-10600	44	41	shown	show	VERB
ajfa-10600	44	42	negative	negative	ADJ
ajfa-10600	44	43	relationship	relationship	NOUN
ajfa-10600	44	44	.	.	PUNCT
ajfa-10600	45	1	the	the	DET
ajfa-10600	45	2	paper	paper	NOUN
ajfa-10600	45	3	therefore	therefore	ADV
ajfa-10600	45	4	endorses	endorse	VERB
ajfa-10600	45	5	that	that	SCONJ
ajfa-10600	45	6	idle	idle	ADJ
ajfa-10600	45	7	funds	fund	NOUN
ajfa-10600	45	8	or	or	CCONJ
ajfa-10600	45	9	excessive	excessive	ADJ
ajfa-10600	45	10	liquidity	liquidity	NOUN
ajfa-10600	45	11	lead	lead	NOUN
ajfa-10600	45	12	to	to	ADP
ajfa-10600	45	13	less	less	ADJ
ajfa-10600	45	14	profitability	profitability	NOUN
ajfa-10600	45	15	.	.	PUNCT
ajfa-10600	46	1	it	it	PRON
ajfa-10600	46	2	has	have	AUX
ajfa-10600	46	3	been	be	AUX
ajfa-10600	46	4	suggested	suggest	VERB
ajfa-10600	46	5	that	that	SCONJ
ajfa-10600	46	6	in	in	ADP
ajfa-10600	46	7	order	order	NOUN
ajfa-10600	46	8	to	to	PART
ajfa-10600	46	9	raise	raise	VERB
ajfa-10600	46	10	profit	profit	NOUN
ajfa-10600	46	11	cash	cash	NOUN
ajfa-10600	46	12	collected	collect	VERB
ajfa-10600	46	13	should	should	AUX
ajfa-10600	46	14	be	be	AUX
ajfa-10600	46	15	re	re	VERB
ajfa-10600	46	16	-	-	VERB
ajfa-10600	46	17	invested	invest	VERB
ajfa-10600	46	18	into	into	ADP
ajfa-10600	46	19	short	short	ADJ
ajfa-10600	46	20	-	-	PUNCT
ajfa-10600	46	21	term	term	NOUN
ajfa-10600	46	22	investment	investment	NOUN
ajfa-10600	46	23	.	.	PUNCT
ajfa-10600	47	1	delavaretal	delavaretal	PROPN
ajfa-10600	47	2	.	.	PUNCT
ajfa-10600	48	1	,(2015)empirically	,(2015)empirically	PUNCT
ajfa-10600	48	2	investigated	investigate	VERB
ajfa-10600	48	3	the	the	DET
ajfa-10600	48	4	relationship	relationship	NOUN
ajfa-10600	48	5	between	between	ADP
ajfa-10600	48	6	company	company	NOUN
ajfa-10600	48	7	performance	performance	NOUN
ajfa-10600	48	8	and	and	CCONJ
ajfa-10600	48	9	working	working	NOUN
ajfa-10600	48	10	capital	capital	NOUN
ajfa-10600	48	11	management	management	NOUN
ajfa-10600	48	12	of	of	ADP
ajfa-10600	48	13	71companies	71companie	NOUN
ajfa-10600	48	14	listed	list	VERB
ajfa-10600	48	15	at	at	ADP
ajfa-10600	48	16	tehran	tehran	PROPN
ajfa-10600	48	17	stock	stock	PROPN
ajfa-10600	48	18	exchange	exchange	PROPN
ajfa-10600	48	19	.	.	PUNCT
ajfa-10600	49	1	data	datum	NOUN
ajfa-10600	49	2	has	have	AUX
ajfa-10600	49	3	been	be	AUX
ajfa-10600	49	4	collected	collect	VERB
ajfa-10600	49	5	from	from	ADP
ajfa-10600	49	6	annual	annual	ADJ
ajfa-10600	49	7	reports	report	NOUN
ajfa-10600	49	8	of	of	ADP
ajfa-10600	49	9	firms	firm	NOUN
ajfa-10600	49	10	for	for	ADP
ajfa-10600	49	11	the	the	DET
ajfa-10600	49	12	period	period	NOUN
ajfa-10600	49	13	2004	2004	NUM
ajfa-10600	49	14	to	to	ADP
ajfa-10600	49	15	2012	2012	NUM
ajfa-10600	49	16	.	.	PUNCT
ajfa-10600	50	1	tobin	tobin	PROPN
ajfa-10600	50	2	's	's	PART
ajfa-10600	50	3	q	q	NOUN
ajfa-10600	50	4	-	-	PUNCT
ajfa-10600	50	5	ratio	ratio	NOUN
ajfa-10600	50	6	has	have	AUX
ajfa-10600	50	7	been	be	AUX
ajfa-10600	50	8	used	use	VERB
ajfa-10600	50	9	to	to	PART
ajfa-10600	50	10	measure	measure	VERB
ajfa-10600	50	11	firm	firm	ADJ
ajfa-10600	50	12	performance	performance	NOUN
ajfa-10600	50	13	.	.	PUNCT
ajfa-10600	51	1	the	the	DET
ajfa-10600	51	2	results	result	NOUN
ajfa-10600	51	3	indicate	indicate	VERB
ajfa-10600	51	4	that	that	SCONJ
ajfa-10600	51	5	there	there	PRON
ajfa-10600	51	6	is	be	VERB
ajfa-10600	51	7	no	no	DET
ajfa-10600	51	8	significant	significant	ADJ
ajfa-10600	51	9	relationship	relationship	NOUN
ajfa-10600	51	10	between	between	ADP
ajfa-10600	51	11	working	work	VERB
ajfa-10600	51	12	capital	capital	NOUN
ajfa-10600	51	13	management	management	NOUN
ajfa-10600	51	14	and	and	CCONJ
ajfa-10600	51	15	firm	firm	ADJ
ajfa-10600	51	16	performance	performance	NOUN
ajfa-10600	51	17	.	.	PUNCT
ajfa-10600	52	1	the	the	DET
ajfa-10600	52	2	result	result	NOUN
ajfa-10600	52	3	further	far	ADV
ajfa-10600	52	4	implies	imply	VERB
ajfa-10600	52	5	that	that	SCONJ
ajfa-10600	52	6	the	the	DET
ajfa-10600	52	7	relationship	relationship	NOUN
ajfa-10600	52	8	between	between	ADP
ajfa-10600	52	9	working	work	VERB
ajfa-10600	52	10	capital	capital	NOUN
ajfa-10600	52	11	management	management	NOUN
ajfa-10600	52	12	and	and	CCONJ
ajfa-10600	52	13	financial	financial	ADJ
ajfa-10600	52	14	performance	performance	NOUN
ajfa-10600	52	15	of	of	ADP
ajfa-10600	52	16	companies	company	NOUN
ajfa-10600	52	17	has	have	AUX
ajfa-10600	52	18	not	not	PART
ajfa-10600	52	19	been	be	AUX
ajfa-10600	52	20	influenced	influence	VERB
ajfa-10600	52	21	by	by	ADP
ajfa-10600	52	22	financial	financial	ADJ
ajfa-10600	52	23	constraints	constraint	NOUN
ajfa-10600	52	24	.	.	PUNCT
ajfa-10600	53	1	eljelly	eljelly	ADV
ajfa-10600	53	2	(	(	PUNCT
ajfa-10600	53	3	2004	2004	NUM
ajfa-10600	53	4	)	)	PUNCT
ajfa-10600	53	5	explicated	explicate	VERB
ajfa-10600	53	6	that	that	DET
ajfa-10600	53	7	efficient	efficient	ADJ
ajfa-10600	53	8	liquidity	liquidity	NOUN
ajfa-10600	53	9	management	management	NOUN
ajfa-10600	53	10	comprises	comprise	VERB
ajfa-10600	53	11	planning	planning	NOUN
ajfa-10600	53	12	and	and	CCONJ
ajfa-10600	53	13	controlling	controlling	NOUN
ajfa-10600	53	14	of	of	ADP
ajfa-10600	53	15	current	current	ADJ
ajfa-10600	53	16	assets	asset	NOUN
ajfa-10600	53	17	and	and	CCONJ
ajfa-10600	53	18	current	current	ADJ
ajfa-10600	53	19	liabilities	liability	NOUN
ajfa-10600	53	20	in	in	ADP
ajfa-10600	53	21	such	such	DET
ajfa-10600	53	22	a	a	DET
ajfa-10600	53	23	manner	manner	NOUN
ajfa-10600	53	24	which	which	PRON
ajfa-10600	53	25	helps	help	VERB
ajfa-10600	53	26	organizations	organization	NOUN
ajfa-10600	53	27	to	to	PART
ajfa-10600	53	28	meet	meet	VERB
ajfa-10600	53	29	its	its	PRON
ajfa-10600	53	30	current	current	ADJ
ajfa-10600	53	31	obligations	obligation	NOUN
ajfa-10600	53	32	as	as	ADV
ajfa-10600	53	33	well	well	ADV
ajfa-10600	53	34	as	as	ADP
ajfa-10600	53	35	avoid	avoid	VERB
ajfa-10600	53	36	excessive	excessive	ADJ
ajfa-10600	53	37	investment	investment	NOUN
ajfa-10600	53	38	in	in	ADP
ajfa-10600	53	39	these	these	DET
ajfa-10600	53	40	assets	asset	NOUN
ajfa-10600	54	1	.the	.the	PRON
ajfa-10600	54	2	relation	relation	NOUN
ajfa-10600	54	3	between	between	ADP
ajfa-10600	54	4	profitability	profitability	NOUN
ajfa-10600	54	5	and	and	CCONJ
ajfa-10600	54	6	liquidity	liquidity	NOUN
ajfa-10600	54	7	was	be	AUX
ajfa-10600	54	8	examined	examine	VERB
ajfa-10600	54	9	on	on	ADP
ajfa-10600	54	10	a	a	DET
ajfa-10600	54	11	sample	sample	NOUN
ajfa-10600	54	12	of	of	ADP
ajfa-10600	54	13	29	29	NUM
ajfa-10600	54	14	joint	joint	ADJ
ajfa-10600	54	15	stock	stock	NOUN
ajfa-10600	54	16	companies	company	NOUN
ajfa-10600	54	17	in	in	ADP
ajfa-10600	54	18	saudi	saudi	PROPN
ajfa-10600	54	19	arabia	arabia	PROPN
ajfa-10600	54	20	as	as	SCONJ
ajfa-10600	54	21	measured	measure	VERB
ajfa-10600	54	22	by	by	ADP
ajfa-10600	54	23	current	current	ADJ
ajfa-10600	54	24	ratio	ratio	NOUN
ajfa-10600	54	25	and	and	CCONJ
ajfa-10600	54	26	cash	cash	NOUN
ajfa-10600	54	27	gap	gap	NOUN
ajfa-10600	54	28	(	(	PUNCT
ajfa-10600	54	29	cash	cash	NOUN
ajfa-10600	54	30	conversion	conversion	NOUN
ajfa-10600	54	31	cycle	cycle	NOUN
ajfa-10600	54	32	)	)	PUNCT
ajfa-10600	54	33	asian	asian	ADJ
ajfa-10600	54	34	journal	journal	NOUN
ajfa-10600	54	35	of	of	ADP
ajfa-10600	54	36	finance	finance	PROPN
ajfa-10600	54	37	&	&	CCONJ
ajfa-10600	54	38	accounting	accounting	PROPN
ajfa-10600	54	39	issn	issn	PROPN
ajfa-10600	54	40	1946	1946	NUM
ajfa-10600	54	41	-	-	PUNCT
ajfa-10600	54	42	052x	052x	PROPN
ajfa-10600	54	43	2017	2017	NUM
ajfa-10600	54	44	,	,	PUNCT
ajfa-10600	54	45	vol	vol	NOUN
ajfa-10600	54	46	.	.	NOUN
ajfa-10600	55	1	9	9	NUM
ajfa-10600	55	2	,	,	PUNCT
ajfa-10600	55	3	no	no	INTJ
ajfa-10600	55	4	.	.	NOUN
ajfa-10600	55	5	1	1	NUM
ajfa-10600	55	6	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-10600	55	7	57	57	NUM
ajfa-10600	55	8	by	by	ADP
ajfa-10600	55	9	using	use	VERB
ajfa-10600	55	10	correlation	correlation	NOUN
ajfa-10600	55	11	and	and	CCONJ
ajfa-10600	55	12	regression	regression	NOUN
ajfa-10600	55	13	analysis	analysis	NOUN
ajfa-10600	55	14	.	.	PUNCT
ajfa-10600	56	1	the	the	DET
ajfa-10600	56	2	study	study	NOUN
ajfa-10600	56	3	found	find	VERB
ajfa-10600	56	4	that	that	SCONJ
ajfa-10600	56	5	dynamic	dynamic	ADJ
ajfa-10600	56	6	approach	approach	NOUN
ajfa-10600	56	7	(	(	PUNCT
ajfa-10600	56	8	cash	cash	NOUN
ajfa-10600	56	9	gap	gap	NOUN
ajfa-10600	56	10	)	)	PUNCT
ajfa-10600	56	11	of	of	ADP
ajfa-10600	56	12	liquidity	liquidity	NOUN
ajfa-10600	56	13	was	be	AUX
ajfa-10600	56	14	of	of	ADP
ajfa-10600	56	15	more	more	ADV
ajfa-10600	56	16	important	important	ADJ
ajfa-10600	56	17	as	as	SCONJ
ajfa-10600	56	18	compare	compare	ADJ
ajfa-10600	56	19	to	to	ADP
ajfa-10600	56	20	static	static	ADJ
ajfa-10600	56	21	approach	approach	NOUN
ajfa-10600	56	22	(	(	PUNCT
ajfa-10600	56	23	current	current	ADJ
ajfa-10600	56	24	ratio	ratio	NOUN
ajfa-10600	56	25	)	)	PUNCT
ajfa-10600	56	26	that	that	PRON
ajfa-10600	56	27	affects	affect	VERB
ajfa-10600	56	28	profitability	profitability	NOUN
ajfa-10600	56	29	.	.	PUNCT
ajfa-10600	57	1	the	the	DET
ajfa-10600	57	2	size	size	NOUN
ajfa-10600	57	3	variables	variable	NOUN
ajfa-10600	57	4	(	(	PUNCT
ajfa-10600	57	5	total	total	ADJ
ajfa-10600	57	6	assets	asset	NOUN
ajfa-10600	57	7	&	&	CCONJ
ajfa-10600	57	8	sales	sale	NOUN
ajfa-10600	57	9	growth	growth	NOUN
ajfa-10600	57	10	)	)	PUNCT
ajfa-10600	57	11	were	be	AUX
ajfa-10600	57	12	found	find	VERB
ajfa-10600	57	13	to	to	PART
ajfa-10600	57	14	have	have	VERB
ajfa-10600	57	15	significant	significant	ADJ
ajfa-10600	57	16	effect	effect	NOUN
ajfa-10600	57	17	on	on	ADP
ajfa-10600	57	18	profitability	profitability	NOUN
ajfa-10600	57	19	at	at	ADP
ajfa-10600	57	20	the	the	DET
ajfa-10600	57	21	industry	industry	NOUN
ajfa-10600	57	22	level	level	NOUN
ajfa-10600	57	23	.	.	PUNCT
ajfa-10600	58	1	deloof	deloof	NOUN
ajfa-10600	58	2	(	(	PUNCT
ajfa-10600	58	3	2003	2003	NUM
ajfa-10600	58	4	)	)	PUNCT
ajfa-10600	58	5	examined	examine	VERB
ajfa-10600	58	6	the	the	DET
ajfa-10600	58	7	relationship	relationship	NOUN
ajfa-10600	58	8	between	between	ADP
ajfa-10600	58	9	working	work	VERB
ajfa-10600	58	10	capital	capital	NOUN
ajfa-10600	58	11	management	management	NOUN
ajfa-10600	58	12	and	and	CCONJ
ajfa-10600	58	13	firm	firm	ADJ
ajfa-10600	58	14	profitability	profitability	NOUN
ajfa-10600	58	15	by	by	ADP
ajfa-10600	58	16	using	use	VERB
ajfa-10600	58	17	ccc	ccc	PROPN
ajfa-10600	58	18	as	as	ADP
ajfa-10600	58	19	a	a	DET
ajfa-10600	58	20	measure	measure	NOUN
ajfa-10600	58	21	of	of	ADP
ajfa-10600	58	22	working	work	VERB
ajfa-10600	58	23	capital	capital	NOUN
ajfa-10600	58	24	management	management	NOUN
ajfa-10600	58	25	on	on	ADP
ajfa-10600	58	26	a	a	DET
ajfa-10600	58	27	sample	sample	NOUN
ajfa-10600	58	28	of	of	ADP
ajfa-10600	58	29	1009	1009	NUM
ajfa-10600	58	30	large	large	ADJ
ajfa-10600	58	31	belgian	belgian	ADJ
ajfa-10600	58	32	non	non	ADJ
ajfa-10600	58	33	-	-	ADJ
ajfa-10600	58	34	financial	financial	ADJ
ajfa-10600	58	35	firms	firm	NOUN
ajfa-10600	58	36	for	for	ADP
ajfa-10600	58	37	the	the	DET
ajfa-10600	58	38	years	year	NOUN
ajfa-10600	58	39	1992	1992	NUM
ajfa-10600	58	40	-	-	SYM
ajfa-10600	58	41	1996	1996	NUM
ajfa-10600	58	42	.	.	PUNCT
ajfa-10600	59	1	a	a	DET
ajfa-10600	59	2	statistically	statistically	ADV
ajfa-10600	59	3	significant	significant	ADJ
ajfa-10600	59	4	negative	negative	ADJ
ajfa-10600	59	5	relationship	relationship	NOUN
ajfa-10600	59	6	has	have	AUX
ajfa-10600	59	7	been	be	AUX
ajfa-10600	59	8	found	find	VERB
ajfa-10600	59	9	between	between	ADP
ajfa-10600	59	10	the	the	DET
ajfa-10600	59	11	number	number	NOUN
ajfa-10600	59	12	of	of	ADP
ajfa-10600	59	13	days	day	NOUN
ajfa-10600	59	14	accounts	account	VERB
ajfa-10600	59	15	receivable	receivable	ADJ
ajfa-10600	59	16	,	,	PUNCT
ajfa-10600	59	17	inventories	inventory	NOUN
ajfa-10600	59	18	and	and	CCONJ
ajfa-10600	59	19	accounts	account	VERB
ajfa-10600	59	20	payable	payable	ADJ
ajfa-10600	59	21	and	and	CCONJ
ajfa-10600	59	22	gross	gross	ADJ
ajfa-10600	59	23	operating	operating	NOUN
ajfa-10600	59	24	income	income	NOUN
ajfa-10600	59	25	.the	.the	DET
ajfa-10600	59	26	findings	finding	NOUN
ajfa-10600	59	27	suggests	suggest	VERB
ajfa-10600	59	28	that	that	SCONJ
ajfa-10600	59	29	by	by	ADP
ajfa-10600	59	30	reducing	reduce	VERB
ajfa-10600	59	31	the	the	DET
ajfa-10600	59	32	number	number	NOUN
ajfa-10600	59	33	of	of	ADP
ajfa-10600	59	34	day	day	NOUN
ajfa-10600	59	35	’s	’s	PART
ajfa-10600	59	36	accounts	account	NOUN
ajfa-10600	59	37	receivable	receivable	ADJ
ajfa-10600	59	38	and	and	CCONJ
ajfa-10600	59	39	inventories	inventory	NOUN
ajfa-10600	59	40	to	to	ADP
ajfa-10600	59	41	a	a	DET
ajfa-10600	59	42	reasonable	reasonable	ADJ
ajfa-10600	59	43	minimum	minimum	NOUN
ajfa-10600	59	44	,	,	PUNCT
ajfa-10600	59	45	the	the	DET
ajfa-10600	59	46	managers	manager	NOUN
ajfa-10600	59	47	can	can	AUX
ajfa-10600	59	48	maximize	maximize	VERB
ajfa-10600	59	49	the	the	DET
ajfa-10600	59	50	shareholder	shareholder	NOUN
ajfa-10600	59	51	’s	’s	PART
ajfa-10600	59	52	wealth	wealth	NOUN
ajfa-10600	59	53	.	.	PUNCT
ajfa-10600	60	1	lazaridis	lazaridi	NOUN
ajfa-10600	60	2	and	and	CCONJ
ajfa-10600	60	3	tryfonidis	tryfonidi	NOUN
ajfa-10600	60	4	(	(	PUNCT
ajfa-10600	60	5	2006	2006	NUM
ajfa-10600	60	6	)	)	PUNCT
ajfa-10600	60	7	analysed	analyse	VERB
ajfa-10600	60	8	131	131	NUM
ajfa-10600	60	9	companies	company	NOUN
ajfa-10600	60	10	listed	list	VERB
ajfa-10600	60	11	at	at	ADP
ajfa-10600	60	12	athens	athens	PROPN
ajfa-10600	60	13	stock	stock	PROPN
ajfa-10600	60	14	exchange	exchange	PROPN
ajfa-10600	60	15	for	for	ADP
ajfa-10600	60	16	the	the	DET
ajfa-10600	60	17	period	period	NOUN
ajfa-10600	60	18	2001	2001	NUM
ajfa-10600	60	19	-2004	-2004	PROPN
ajfa-10600	60	20	.	.	PUNCT
ajfa-10600	61	1	they	they	PRON
ajfa-10600	61	2	found	find	VERB
ajfa-10600	61	3	a	a	DET
ajfa-10600	61	4	negative	negative	ADJ
ajfa-10600	61	5	relationship	relationship	NOUN
ajfa-10600	61	6	between	between	ADP
ajfa-10600	61	7	ccc	ccc	PROPN
ajfa-10600	61	8	and	and	CCONJ
ajfa-10600	61	9	profitability	profitability	NOUN
ajfa-10600	61	10	.	.	PUNCT
ajfa-10600	62	1	the	the	DET
ajfa-10600	62	2	garcia	garcia	PROPN
ajfa-10600	62	3	-	-	PUNCT
ajfa-10600	62	4	teruel	teruel	PROPN
ajfa-10600	62	5	and	and	CCONJ
ajfa-10600	62	6	martinez	martinez	PROPN
ajfa-10600	62	7	-	-	PUNCT
ajfa-10600	62	8	solano	solano	PROPN
ajfa-10600	62	9	(	(	PUNCT
ajfa-10600	62	10	2007	2007	NUM
ajfa-10600	62	11	)	)	PUNCT
ajfa-10600	62	12	studied	study	VERB
ajfa-10600	62	13	the	the	DET
ajfa-10600	62	14	relationship	relationship	NOUN
ajfa-10600	62	15	between	between	ADP
ajfa-10600	62	16	profitability	profitability	NOUN
ajfa-10600	62	17	and	and	CCONJ
ajfa-10600	62	18	ccc	ccc	NOUN
ajfa-10600	62	19	for	for	ADP
ajfa-10600	62	20	small	small	ADJ
ajfa-10600	62	21	and	and	CCONJ
ajfa-10600	62	22	medium	medium	ADJ
ajfa-10600	62	23	sized	sized	ADJ
ajfa-10600	62	24	firms	firm	NOUN
ajfa-10600	62	25	from	from	ADP
ajfa-10600	62	26	spain	spain	PROPN
ajfa-10600	62	27	and	and	CCONJ
ajfa-10600	62	28	zariyawati	zariyawati	PROPN
ajfa-10600	62	29	et	et	PROPN
ajfa-10600	62	30	al	al	PROPN
ajfa-10600	62	31	.	.	PROPN
ajfa-10600	63	1	(	(	PUNCT
ajfa-10600	63	2	2009	2009	NUM
ajfa-10600	63	3	)	)	PUNCT
ajfa-10600	63	4	investigated	investigate	VERB
ajfa-10600	63	5	malaysian	malaysian	ADJ
ajfa-10600	63	6	firms	firm	NOUN
ajfa-10600	63	7	for	for	ADP
ajfa-10600	63	8	the	the	DET
ajfa-10600	63	9	period	period	NOUN
ajfa-10600	63	10	1996	1996	NUM
ajfa-10600	63	11	-	-	SYM
ajfa-10600	63	12	2006	2006	NUM
ajfa-10600	63	13	.	.	PUNCT
ajfa-10600	64	1	the	the	DET
ajfa-10600	64	2	results	result	NOUN
ajfa-10600	64	3	of	of	ADP
ajfa-10600	64	4	both	both	DET
ajfa-10600	64	5	studies	study	NOUN
ajfa-10600	64	6	found	find	VERB
ajfa-10600	64	7	consistent	consistent	ADJ
ajfa-10600	64	8	with	with	ADP
ajfa-10600	64	9	the	the	DET
ajfa-10600	64	10	aforementioned	aforementioned	ADJ
ajfa-10600	64	11	studies	study	NOUN
ajfa-10600	64	12	.	.	PUNCT
ajfa-10600	65	1	padachi	padachi	ADJ
ajfa-10600	65	2	(	(	PUNCT
ajfa-10600	65	3	2006	2006	NUM
ajfa-10600	65	4	)	)	PUNCT
ajfa-10600	65	5	examined	examine	VERB
ajfa-10600	65	6	the	the	DET
ajfa-10600	65	7	impact	impact	NOUN
ajfa-10600	65	8	of	of	ADP
ajfa-10600	65	9	trends	trend	NOUN
ajfa-10600	65	10	in	in	ADP
ajfa-10600	65	11	liquidity	liquidity	NOUN
ajfa-10600	65	12	management	management	NOUN
ajfa-10600	65	13	on	on	ADP
ajfa-10600	65	14	firm	firm	ADJ
ajfa-10600	65	15	performance	performance	NOUN
ajfa-10600	65	16	for	for	ADP
ajfa-10600	65	17	the	the	DET
ajfa-10600	65	18	sample	sample	NOUN
ajfa-10600	65	19	of	of	ADP
ajfa-10600	65	20	58	58	NUM
ajfa-10600	65	21	mauritian	mauritian	ADJ
ajfa-10600	65	22	small	small	ADJ
ajfa-10600	65	23	manufacturing	manufacturing	NOUN
ajfa-10600	65	24	firms	firm	NOUN
ajfa-10600	65	25	,	,	PUNCT
ajfa-10600	65	26	his	his	PRON
ajfa-10600	65	27	findings	finding	NOUN
ajfa-10600	65	28	exposed	expose	VERB
ajfa-10600	65	29	that	that	SCONJ
ajfa-10600	65	30	firm	firm	NOUN
ajfa-10600	65	31	is	be	AUX
ajfa-10600	65	32	required	require	VERB
ajfa-10600	65	33	to	to	PART
ajfa-10600	65	34	retain	retain	VERB
ajfa-10600	65	35	stability	stability	NOUN
ajfa-10600	65	36	between	between	ADP
ajfa-10600	65	37	liquidity	liquidity	NOUN
ajfa-10600	65	38	and	and	CCONJ
ajfa-10600	65	39	profitability	profitability	NOUN
ajfa-10600	65	40	while	while	SCONJ
ajfa-10600	65	41	conducting	conduct	VERB
ajfa-10600	65	42	its	its	PRON
ajfa-10600	65	43	day	day	NOUN
ajfa-10600	65	44	to	to	ADP
ajfa-10600	65	45	day	day	NOUN
ajfa-10600	65	46	operations	operation	NOUN
ajfa-10600	65	47	.	.	PUNCT
ajfa-10600	66	1	the	the	DET
ajfa-10600	66	2	study	study	NOUN
ajfa-10600	66	3	also	also	ADV
ajfa-10600	66	4	asserts	assert	VERB
ajfa-10600	66	5	that	that	SCONJ
ajfa-10600	66	6	liquidity	liquidity	NOUN
ajfa-10600	66	7	ensure	ensure	VERB
ajfa-10600	66	8	firms	firm	NOUN
ajfa-10600	66	9	ability	ability	NOUN
ajfa-10600	66	10	to	to	PART
ajfa-10600	66	11	meet	meet	VERB
ajfa-10600	66	12	its	its	PRON
ajfa-10600	66	13	short	short	ADJ
ajfa-10600	66	14	-	-	PUNCT
ajfa-10600	66	15	term	term	NOUN
ajfa-10600	66	16	obligations	obligation	NOUN
ajfa-10600	66	17	.	.	PUNCT
ajfa-10600	67	1	the	the	DET
ajfa-10600	67	2	results	result	NOUN
ajfa-10600	67	3	also	also	ADV
ajfa-10600	67	4	declare	declare	VERB
ajfa-10600	67	5	that	that	SCONJ
ajfa-10600	67	6	nonstop	nonstop	ADJ
ajfa-10600	67	7	flow	flow	NOUN
ajfa-10600	67	8	of	of	ADP
ajfa-10600	67	9	liquidity	liquidity	NOUN
ajfa-10600	67	10	can	can	AUX
ajfa-10600	67	11	be	be	AUX
ajfa-10600	67	12	guaranteed	guarantee	VERB
ajfa-10600	67	13	from	from	ADP
ajfa-10600	67	14	the	the	DET
ajfa-10600	67	15	profitable	profitable	ADJ
ajfa-10600	67	16	ventures	venture	NOUN
ajfa-10600	67	17	of	of	ADP
ajfa-10600	67	18	a	a	DET
ajfa-10600	67	19	firm	firm	NOUN
ajfa-10600	67	20	.	.	PUNCT
ajfa-10600	68	1	alipour	alipour	PROPN
ajfa-10600	68	2	(	(	PUNCT
ajfa-10600	68	3	2011	2011	NUM
ajfa-10600	68	4	)	)	PUNCT
ajfa-10600	68	5	examined	examine	VERB
ajfa-10600	68	6	the	the	DET
ajfa-10600	68	7	sample	sample	NOUN
ajfa-10600	68	8	of	of	ADP
ajfa-10600	68	9	1063	1063	NUM
ajfa-10600	68	10	firms	firm	NOUN
ajfa-10600	68	11	listed	list	VERB
ajfa-10600	68	12	at	at	ADP
ajfa-10600	68	13	tehran	tehran	PROPN
ajfa-10600	68	14	stock	stock	PROPN
ajfa-10600	68	15	exchange	exchange	PROPN
ajfa-10600	68	16	.	.	PUNCT
ajfa-10600	69	1	his	his	PRON
ajfa-10600	69	2	studies	study	NOUN
ajfa-10600	69	3	revealed	reveal	VERB
ajfa-10600	69	4	a	a	DET
ajfa-10600	69	5	negative	negative	ADJ
ajfa-10600	69	6	association	association	NOUN
ajfa-10600	69	7	between	between	ADP
ajfa-10600	69	8	profitability	profitability	NOUN
ajfa-10600	69	9	and	and	CCONJ
ajfa-10600	69	10	inventory	inventory	NOUN
ajfa-10600	69	11	turnover	turnover	NOUN
ajfa-10600	69	12	,	,	PUNCT
ajfa-10600	69	13	cash	cash	NOUN
ajfa-10600	69	14	conversion	conversion	NOUN
ajfa-10600	69	15	cycle	cycle	NOUN
ajfa-10600	69	16	,	,	PUNCT
ajfa-10600	69	17	number	number	NOUN
ajfa-10600	69	18	of	of	ADP
ajfa-10600	69	19	day	day	NOUN
ajfa-10600	69	20	’s	’s	PART
ajfa-10600	69	21	accounts	account	NOUN
ajfa-10600	69	22	receivable	receivable	ADJ
ajfa-10600	69	23	whereas	whereas	SCONJ
ajfa-10600	69	24	a	a	DET
ajfa-10600	69	25	positive	positive	ADJ
ajfa-10600	69	26	significant	significant	ADJ
ajfa-10600	69	27	relationship	relationship	NOUN
ajfa-10600	69	28	with	with	ADP
ajfa-10600	69	29	noofdays	noofday	NOUN
ajfa-10600	69	30	accounts	account	NOUN
ajfa-10600	69	31	payables	payable	NOUN
ajfa-10600	69	32	.	.	PUNCT
ajfa-10600	70	1	he	he	PRON
ajfa-10600	70	2	argued	argue	VERB
ajfa-10600	70	3	the	the	DET
ajfa-10600	70	4	profitability	profitability	NOUN
ajfa-10600	70	5	of	of	ADP
ajfa-10600	70	6	the	the	DET
ajfa-10600	70	7	firms	firm	NOUN
ajfa-10600	70	8	has	have	AUX
ajfa-10600	70	9	been	be	AUX
ajfa-10600	70	10	significantly	significantly	ADV
ajfa-10600	70	11	influenced	influence	VERB
ajfa-10600	70	12	by	by	ADP
ajfa-10600	70	13	working	work	VERB
ajfa-10600	70	14	capital	capital	NOUN
ajfa-10600	70	15	management	management	NOUN
ajfa-10600	70	16	.	.	PUNCT
ajfa-10600	71	1	raheman	raheman	NOUN
ajfa-10600	71	2	and	and	CCONJ
ajfa-10600	71	3	nasr	nasr	PROPN
ajfa-10600	71	4	(	(	PUNCT
ajfa-10600	71	5	2007	2007	NUM
ajfa-10600	71	6	)	)	PUNCT
ajfa-10600	71	7	studied	study	VERB
ajfa-10600	71	8	the	the	DET
ajfa-10600	71	9	effect	effect	NOUN
ajfa-10600	71	10	of	of	ADP
ajfa-10600	71	11	components	component	NOUN
ajfa-10600	71	12	of	of	ADP
ajfa-10600	71	13	working	work	VERB
ajfa-10600	71	14	capital	capital	NOUN
ajfa-10600	71	15	management	management	NOUN
ajfa-10600	71	16	on	on	ADP
ajfa-10600	71	17	liquidity	liquidity	NOUN
ajfa-10600	71	18	and	and	CCONJ
ajfa-10600	71	19	profitability	profitability	NOUN
ajfa-10600	71	20	in	in	ADP
ajfa-10600	71	21	pakistan	pakistan	PROPN
ajfa-10600	71	22	.	.	PUNCT
ajfa-10600	72	1	they	they	PRON
ajfa-10600	72	2	conducted	conduct	VERB
ajfa-10600	72	3	their	their	PRON
ajfa-10600	72	4	study	study	NOUN
ajfa-10600	72	5	on	on	ADP
ajfa-10600	72	6	94	94	NUM
ajfa-10600	72	7	firms	firm	NOUN
ajfa-10600	72	8	listed	list	VERB
ajfa-10600	72	9	on	on	ADP
ajfa-10600	72	10	karachi	karachi	PROPN
ajfa-10600	72	11	stock	stock	PROPN
ajfa-10600	72	12	exchange	exchange	PROPN
ajfa-10600	72	13	for	for	ADP
ajfa-10600	72	14	the	the	DET
ajfa-10600	72	15	period	period	NOUN
ajfa-10600	72	16	of	of	ADP
ajfa-10600	72	17	1999	1999	NUM
ajfa-10600	72	18	-	-	SYM
ajfa-10600	72	19	2004	2004	NUM
ajfa-10600	72	20	.	.	PUNCT
ajfa-10600	73	1	their	their	PRON
ajfa-10600	73	2	findings	finding	NOUN
ajfa-10600	73	3	showed	show	VERB
ajfa-10600	73	4	a	a	DET
ajfa-10600	73	5	significant	significant	ADJ
ajfa-10600	73	6	negative	negative	ADJ
ajfa-10600	73	7	correlation	correlation	NOUN
ajfa-10600	73	8	between	between	ADP
ajfa-10600	73	9	working	work	VERB
ajfa-10600	73	10	capital	capital	NOUN
ajfa-10600	73	11	management	management	NOUN
ajfa-10600	73	12	components	component	NOUN
ajfa-10600	73	13	and	and	CCONJ
ajfa-10600	73	14	profitability	profitability	NOUN
ajfa-10600	73	15	.	.	PUNCT
ajfa-10600	74	1	furthermore	furthermore	ADV
ajfa-10600	74	2	,	,	PUNCT
ajfa-10600	74	3	they	they	PRON
ajfa-10600	74	4	also	also	ADV
ajfa-10600	74	5	reported	report	VERB
ajfa-10600	74	6	the	the	DET
ajfa-10600	74	7	same	same	ADJ
ajfa-10600	74	8	relationship	relationship	NOUN
ajfa-10600	74	9	between	between	ADP
ajfa-10600	74	10	liquidity	liquidity	NOUN
ajfa-10600	74	11	and	and	CCONJ
ajfa-10600	74	12	profitability	profitability	NOUN
ajfa-10600	74	13	.	.	PUNCT
ajfa-10600	75	1	anser	anser	NOUN
ajfa-10600	75	2	and	and	CCONJ
ajfa-10600	75	3	malik	malik	PROPN
ajfa-10600	75	4	(	(	PUNCT
ajfa-10600	75	5	2013	2013	NUM
ajfa-10600	75	6	)	)	PUNCT
ajfa-10600	75	7	analyzed	analyze	VERB
ajfa-10600	75	8	the	the	DET
ajfa-10600	75	9	effect	effect	NOUN
ajfa-10600	75	10	of	of	ADP
ajfa-10600	75	11	cash	cash	NOUN
ajfa-10600	75	12	conversion	conversion	NOUN
ajfa-10600	75	13	cycle	cycle	NOUN
ajfa-10600	75	14	on	on	ADP
ajfa-10600	75	15	profitability	profitability	NOUN
ajfa-10600	75	16	of	of	ADP
ajfa-10600	75	17	firms	firm	NOUN
ajfa-10600	75	18	in	in	ADP
ajfa-10600	75	19	the	the	DET
ajfa-10600	75	20	manufacturing	manufacturing	NOUN
ajfa-10600	75	21	sector	sector	NOUN
ajfa-10600	75	22	of	of	ADP
ajfa-10600	75	23	pakistan	pakistan	PROPN
ajfa-10600	75	24	for	for	ADP
ajfa-10600	75	25	the	the	DET
ajfa-10600	75	26	year	year	NOUN
ajfa-10600	75	27	2007	2007	NUM
ajfa-10600	75	28	to	to	ADP
ajfa-10600	75	29	2011	2011	NUM
ajfa-10600	75	30	.	.	PUNCT
ajfa-10600	76	1	the	the	DET
ajfa-10600	76	2	dependent	dependent	ADJ
ajfa-10600	76	3	variables	variable	NOUN
ajfa-10600	76	4	of	of	ADP
ajfa-10600	76	5	the	the	DET
ajfa-10600	76	6	study	study	NOUN
ajfa-10600	76	7	were	be	AUX
ajfa-10600	76	8	return	return	NOUN
ajfa-10600	76	9	on	on	ADP
ajfa-10600	76	10	assets	asset	NOUN
ajfa-10600	76	11	and	and	CCONJ
ajfa-10600	76	12	return	return	VERB
ajfa-10600	76	13	on	on	ADP
ajfa-10600	76	14	equity	equity	NOUN
ajfa-10600	76	15	and	and	CCONJ
ajfa-10600	76	16	cash	cash	NOUN
ajfa-10600	76	17	conversion	conversion	NOUN
ajfa-10600	76	18	cycle	cycle	NOUN
ajfa-10600	76	19	was	be	AUX
ajfa-10600	76	20	used	use	VERB
ajfa-10600	76	21	as	as	ADP
ajfa-10600	76	22	an	an	DET
ajfa-10600	76	23	independent	independent	ADJ
ajfa-10600	76	24	variable	variable	NOUN
ajfa-10600	76	25	in	in	ADP
ajfa-10600	76	26	the	the	DET
ajfa-10600	76	27	study	study	NOUN
ajfa-10600	76	28	.	.	PUNCT
ajfa-10600	77	1	the	the	DET
ajfa-10600	77	2	findings	finding	NOUN
ajfa-10600	77	3	of	of	ADP
ajfa-10600	77	4	the	the	DET
ajfa-10600	77	5	study	study	NOUN
ajfa-10600	77	6	show	show	VERB
ajfa-10600	77	7	that	that	SCONJ
ajfa-10600	77	8	there	there	PRON
ajfa-10600	77	9	exists	exist	VERB
ajfa-10600	77	10	an	an	DET
ajfa-10600	77	11	inverse	inverse	NOUN
ajfa-10600	77	12	relationship	relationship	NOUN
ajfa-10600	77	13	between	between	ADP
ajfa-10600	77	14	cash	cash	NOUN
ajfa-10600	77	15	conversion	conversion	NOUN
ajfa-10600	77	16	cycle	cycle	NOUN
ajfa-10600	77	17	and	and	CCONJ
ajfa-10600	77	18	measures	measure	NOUN
ajfa-10600	77	19	of	of	ADP
ajfa-10600	77	20	firm	firm	ADJ
ajfa-10600	77	21	profitability	profitability	NOUN
ajfa-10600	77	22	.	.	PUNCT
ajfa-10600	78	1	the	the	DET
ajfa-10600	78	2	authors	author	NOUN
ajfa-10600	78	3	suggest	suggest	VERB
ajfa-10600	78	4	that	that	SCONJ
ajfa-10600	78	5	lesser	less	ADJ
ajfa-10600	78	6	cash	cash	NOUN
ajfa-10600	78	7	conversion	conversion	NOUN
ajfa-10600	78	8	cycles	cycle	NOUN
ajfa-10600	78	9	are	be	AUX
ajfa-10600	78	10	favorable	favorable	ADJ
ajfa-10600	78	11	for	for	ADP
ajfa-10600	78	12	manufacturing	manufacture	VERB
ajfa-10600	78	13	sector	sector	NOUN
ajfa-10600	78	14	in	in	ADP
ajfa-10600	78	15	pakistan	pakistan	PROPN
ajfa-10600	78	16	.	.	PUNCT
ajfa-10600	79	1	in	in	ADP
ajfa-10600	79	2	another	another	DET
ajfa-10600	79	3	study	study	NOUN
ajfa-10600	79	4	,	,	PUNCT
ajfa-10600	79	5	majeedetal	majeedetal	PROPN
ajfa-10600	79	6	.	.	PUNCT
ajfa-10600	79	7	,	,	PUNCT
ajfa-10600	79	8	(	(	PUNCT
ajfa-10600	79	9	2013	2013	NUM
ajfa-10600	79	10	)	)	PUNCT
ajfa-10600	79	11	also	also	ADV
ajfa-10600	79	12	finds	find	VERB
ajfa-10600	79	13	a	a	DET
ajfa-10600	79	14	negative	negative	ADJ
ajfa-10600	79	15	relationship	relationship	NOUN
ajfa-10600	79	16	between	between	ADP
ajfa-10600	79	17	cash	cash	NOUN
ajfa-10600	79	18	conversion	conversion	NOUN
ajfa-10600	79	19	cycle	cycle	NOUN
ajfa-10600	79	20	and	and	CCONJ
ajfa-10600	79	21	measures	measure	NOUN
ajfa-10600	79	22	of	of	ADP
ajfa-10600	79	23	firm	firm	ADJ
ajfa-10600	79	24	performance	performance	NOUN
ajfa-10600	79	25	which	which	PRON
ajfa-10600	79	26	includes	include	VERB
ajfa-10600	79	27	return	return	NOUN
ajfa-10600	79	28	on	on	ADP
ajfa-10600	79	29	assets	asset	NOUN
ajfa-10600	79	30	,	,	PUNCT
ajfa-10600	79	31	return	return	VERB
ajfa-10600	79	32	on	on	ADP
ajfa-10600	79	33	equity	equity	NOUN
ajfa-10600	79	34	and	and	CCONJ
ajfa-10600	79	35	ebit	ebit	PROPN
ajfa-10600	79	36	in	in	ADP
ajfa-10600	79	37	pakistan	pakistan	PROPN
ajfa-10600	79	38	.	.	PUNCT
ajfa-10600	80	1	asian	asian	ADJ
ajfa-10600	80	2	journal	journal	PROPN
ajfa-10600	80	3	of	of	ADP
ajfa-10600	80	4	finance	finance	PROPN
ajfa-10600	80	5	&	&	CCONJ
ajfa-10600	80	6	accounting	accounting	PROPN
ajfa-10600	80	7	issn	issn	PROPN
ajfa-10600	80	8	1946	1946	NUM
ajfa-10600	80	9	-	-	PUNCT
ajfa-10600	80	10	052x	052x	PROPN
ajfa-10600	80	11	2017	2017	NUM
ajfa-10600	80	12	,	,	PUNCT
ajfa-10600	80	13	vol	vol	NOUN
ajfa-10600	80	14	.	.	NOUN
ajfa-10600	80	15	9	9	NUM
ajfa-10600	80	16	,	,	PUNCT
ajfa-10600	80	17	no	no	INTJ
ajfa-10600	80	18	.	.	NOUN
ajfa-10600	80	19	1	1	NUM
ajfa-10600	80	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	80	21	58	58	NUM
ajfa-10600	80	22	afza	afza	NOUN
ajfa-10600	80	23	and	and	CCONJ
ajfa-10600	80	24	nazir	nazir	PROPN
ajfa-10600	80	25	(	(	PUNCT
ajfa-10600	80	26	2009	2009	NUM
ajfa-10600	80	27	)	)	PUNCT
ajfa-10600	80	28	also	also	ADV
ajfa-10600	80	29	studied	study	VERB
ajfa-10600	80	30	the	the	DET
ajfa-10600	80	31	association	association	NOUN
ajfa-10600	80	32	between	between	ADP
ajfa-10600	80	33	working	work	VERB
ajfa-10600	80	34	capital	capital	NOUN
ajfa-10600	80	35	management	management	NOUN
ajfa-10600	80	36	practices	practice	NOUN
ajfa-10600	80	37	and	and	CCONJ
ajfa-10600	80	38	a	a	DET
ajfa-10600	80	39	firm	firm	NOUN
ajfa-10600	80	40	’s	’s	PART
ajfa-10600	80	41	profitability	profitability	NOUN
ajfa-10600	80	42	.	.	PUNCT
ajfa-10600	81	1	a	a	DET
ajfa-10600	81	2	sample	sample	NOUN
ajfa-10600	81	3	selected	select	VERB
ajfa-10600	81	4	by	by	ADP
ajfa-10600	81	5	them	they	PRON
ajfa-10600	81	6	was	be	AUX
ajfa-10600	81	7	204	204	NUM
ajfa-10600	81	8	non	non	ADJ
ajfa-10600	81	9	-	-	ADJ
ajfa-10600	81	10	financial	financial	ADJ
ajfa-10600	81	11	firms	firm	NOUN
ajfa-10600	81	12	listed	list	VERB
ajfa-10600	81	13	on	on	ADP
ajfa-10600	81	14	kse	kse	NOUN
ajfa-10600	81	15	for	for	ADP
ajfa-10600	81	16	years	year	NOUN
ajfa-10600	81	17	1998	1998	NUM
ajfa-10600	81	18	-	-	SYM
ajfa-10600	81	19	2005	2005	NUM
ajfa-10600	81	20	.	.	PUNCT
ajfa-10600	82	1	they	they	PRON
ajfa-10600	82	2	found	find	VERB
ajfa-10600	82	3	a	a	DET
ajfa-10600	82	4	strong	strong	ADJ
ajfa-10600	82	5	positive	positive	ADJ
ajfa-10600	82	6	association	association	NOUN
ajfa-10600	82	7	of	of	ADP
ajfa-10600	82	8	low	low	ADJ
ajfa-10600	82	9	profitability	profitability	NOUN
ajfa-10600	82	10	and	and	CCONJ
ajfa-10600	82	11	aggressive	aggressive	ADJ
ajfa-10600	82	12	working	work	VERB
ajfa-10600	82	13	capital	capital	NOUN
ajfa-10600	82	14	management	management	NOUN
ajfa-10600	82	15	.	.	PUNCT
ajfa-10600	83	1	their	their	PRON
ajfa-10600	83	2	study	study	NOUN
ajfa-10600	83	3	recommends	recommend	VERB
ajfa-10600	83	4	a	a	DET
ajfa-10600	83	5	conservative	conservative	ADJ
ajfa-10600	83	6	approach	approach	NOUN
ajfa-10600	83	7	towards	towards	ADP
ajfa-10600	83	8	working	work	VERB
ajfa-10600	83	9	capital	capital	NOUN
ajfa-10600	83	10	management	management	NOUN
ajfa-10600	83	11	in	in	ADP
ajfa-10600	83	12	pakistan	pakistan	PROPN
ajfa-10600	83	13	.	.	PUNCT
ajfa-10600	84	1	zuberi	zuberi	PROPN
ajfa-10600	84	2	(	(	PUNCT
ajfa-10600	84	3	2010	2010	NUM
ajfa-10600	84	4	)	)	PUNCT
ajfa-10600	84	5	took	take	VERB
ajfa-10600	84	6	a	a	DET
ajfa-10600	84	7	sample	sample	NOUN
ajfa-10600	84	8	of	of	ADP
ajfa-10600	84	9	pakistan	pakistan	PROPN
ajfa-10600	84	10	’s	’s	PART
ajfa-10600	84	11	automobile	automobile	NOUN
ajfa-10600	84	12	sector	sector	NOUN
ajfa-10600	84	13	and	and	CCONJ
ajfa-10600	84	14	find	find	VERB
ajfa-10600	84	15	that	that	SCONJ
ajfa-10600	84	16	the	the	DET
ajfa-10600	84	17	growth	growth	NOUN
ajfa-10600	84	18	and	and	CCONJ
ajfa-10600	84	19	current	current	ADJ
ajfa-10600	84	20	ratio	ratio	NOUN
ajfa-10600	84	21	of	of	ADP
ajfa-10600	84	22	the	the	DET
ajfa-10600	84	23	firms	firm	NOUN
ajfa-10600	84	24	in	in	ADP
ajfa-10600	84	25	automobile	automobile	NOUN
ajfa-10600	84	26	sector	sector	NOUN
ajfa-10600	84	27	have	have	VERB
ajfa-10600	84	28	direct	direct	ADJ
ajfa-10600	84	29	relation	relation	NOUN
ajfa-10600	84	30	with	with	ADP
ajfa-10600	84	31	the	the	DET
ajfa-10600	84	32	profitability	profitability	NOUN
ajfa-10600	84	33	of	of	ADP
ajfa-10600	84	34	the	the	DET
ajfa-10600	84	35	firms	firm	NOUN
ajfa-10600	84	36	.	.	PUNCT
ajfa-10600	85	1	in	in	ADP
ajfa-10600	85	2	pakistan	pakistan	PROPN
ajfa-10600	85	3	there	there	PRON
ajfa-10600	85	4	have	have	AUX
ajfa-10600	85	5	been	be	AUX
ajfa-10600	85	6	few	few	ADJ
ajfa-10600	85	7	researches	research	NOUN
ajfa-10600	85	8	on	on	ADP
ajfa-10600	85	9	working	work	VERB
ajfa-10600	85	10	capital	capital	NOUN
ajfa-10600	85	11	management	management	NOUN
ajfa-10600	85	12	.	.	PUNCT
ajfa-10600	86	1	sana	sana	PROPN
ajfa-10600	86	2	and	and	CCONJ
ajfa-10600	86	3	shah	shah	PROPN
ajfa-10600	86	4	(	(	PUNCT
ajfa-10600	86	5	2006	2006	NUM
ajfa-10600	86	6	)	)	PUNCT
ajfa-10600	86	7	worked	work	VERB
ajfa-10600	86	8	on	on	ADP
ajfa-10600	86	9	oil	oil	NOUN
ajfa-10600	86	10	and	and	CCONJ
ajfa-10600	86	11	gas	gas	NOUN
ajfa-10600	86	12	sector	sector	NOUN
ajfa-10600	86	13	.	.	PUNCT
ajfa-10600	87	1	they	they	PRON
ajfa-10600	87	2	took	take	VERB
ajfa-10600	87	3	a	a	DET
ajfa-10600	87	4	very	very	ADV
ajfa-10600	87	5	small	small	ADJ
ajfa-10600	87	6	sample	sample	NOUN
ajfa-10600	87	7	of	of	ADP
ajfa-10600	87	8	consisting	consist	VERB
ajfa-10600	87	9	only	only	ADV
ajfa-10600	87	10	seven	seven	NUM
ajfa-10600	87	11	firms	firm	NOUN
ajfa-10600	87	12	and	and	CCONJ
ajfa-10600	87	13	they	they	PRON
ajfa-10600	87	14	concluded	conclude	VERB
ajfa-10600	87	15	that	that	SCONJ
ajfa-10600	87	16	profitability	profitability	NOUN
ajfa-10600	87	17	and	and	CCONJ
ajfa-10600	87	18	value	value	NOUN
ajfa-10600	87	19	of	of	ADP
ajfa-10600	87	20	shareholders	shareholder	NOUN
ajfa-10600	87	21	can	can	AUX
ajfa-10600	87	22	be	be	AUX
ajfa-10600	87	23	increased	increase	VERB
ajfa-10600	87	24	by	by	ADP
ajfa-10600	87	25	managing	manage	VERB
ajfa-10600	87	26	the	the	DET
ajfa-10600	87	27	working	work	VERB
ajfa-10600	87	28	capital	capital	NOUN
ajfa-10600	87	29	efficiently	efficiently	ADV
ajfa-10600	87	30	.	.	PUNCT
ajfa-10600	88	1	usama	usama	PROPN
ajfa-10600	88	2	(	(	PUNCT
ajfa-10600	88	3	2012	2012	NUM
ajfa-10600	88	4	)	)	PUNCT
ajfa-10600	88	5	also	also	ADV
ajfa-10600	88	6	investigated	investigate	VERB
ajfa-10600	88	7	the	the	DET
ajfa-10600	88	8	impact	impact	NOUN
ajfa-10600	88	9	of	of	ADP
ajfa-10600	88	10	liquidity	liquidity	NOUN
ajfa-10600	88	11	and	and	CCONJ
ajfa-10600	88	12	profitability	profitability	NOUN
ajfa-10600	88	13	on	on	ADP
ajfa-10600	88	14	firms	firm	NOUN
ajfa-10600	88	15	in	in	ADP
ajfa-10600	88	16	the	the	DET
ajfa-10600	88	17	food	food	NOUN
ajfa-10600	88	18	sector	sector	NOUN
ajfa-10600	88	19	of	of	ADP
ajfa-10600	88	20	pakistan	pakistan	PROPN
ajfa-10600	88	21	for	for	ADP
ajfa-10600	88	22	the	the	DET
ajfa-10600	88	23	time	time	NOUN
ajfa-10600	88	24	period	period	NOUN
ajfa-10600	88	25	of	of	ADP
ajfa-10600	88	26	2006	2006	NUM
ajfa-10600	88	27	to	to	ADP
ajfa-10600	88	28	2010	2010	NUM
ajfa-10600	88	29	.	.	PUNCT
ajfa-10600	89	1	the	the	DET
ajfa-10600	89	2	findings	finding	NOUN
ajfa-10600	89	3	of	of	ADP
ajfa-10600	89	4	his	his	PRON
ajfa-10600	89	5	study	study	NOUN
ajfa-10600	89	6	reveal	reveal	VERB
ajfa-10600	89	7	that	that	SCONJ
ajfa-10600	89	8	the	the	DET
ajfa-10600	89	9	management	management	NOUN
ajfa-10600	89	10	of	of	ADP
ajfa-10600	89	11	working	work	VERB
ajfa-10600	89	12	capital	capital	NOUN
ajfa-10600	89	13	has	have	VERB
ajfa-10600	89	14	a	a	DET
ajfa-10600	89	15	significant	significant	ADJ
ajfa-10600	89	16	positive	positive	ADJ
ajfa-10600	89	17	influence	influence	NOUN
ajfa-10600	89	18	on	on	ADP
ajfa-10600	89	19	profitability	profitability	NOUN
ajfa-10600	89	20	as	as	ADV
ajfa-10600	89	21	well	well	ADV
ajfa-10600	89	22	as	as	ADP
ajfa-10600	89	23	liquidity	liquidity	NOUN
ajfa-10600	89	24	of	of	ADP
ajfa-10600	89	25	firms	firm	NOUN
ajfa-10600	89	26	.	.	PUNCT
ajfa-10600	90	1	the	the	DET
ajfa-10600	90	2	study	study	NOUN
ajfa-10600	90	3	conducted	conduct	VERB
ajfa-10600	90	4	by	by	ADP
ajfa-10600	90	5	malik	malik	PROPN
ajfa-10600	90	6	and	and	CCONJ
ajfa-10600	90	7	bukhari	bukhari	PROPN
ajfa-10600	90	8	(	(	PUNCT
ajfa-10600	90	9	2014	2014	NUM
ajfa-10600	90	10	)	)	PUNCT
ajfa-10600	90	11	on	on	ADP
ajfa-10600	90	12	pakistani	pakistani	ADJ
ajfa-10600	90	13	firms	firm	NOUN
ajfa-10600	90	14	also	also	ADV
ajfa-10600	90	15	shows	show	VERB
ajfa-10600	90	16	significant	significant	ADJ
ajfa-10600	90	17	positive	positive	ADJ
ajfa-10600	90	18	association	association	NOUN
ajfa-10600	90	19	between	between	ADP
ajfa-10600	90	20	cash	cash	NOUN
ajfa-10600	90	21	conversion	conversion	NOUN
ajfa-10600	90	22	cycle	cycle	NOUN
ajfa-10600	90	23	and	and	CCONJ
ajfa-10600	90	24	return	return	VERB
ajfa-10600	90	25	on	on	ADP
ajfa-10600	90	26	equity	equity	NOUN
ajfa-10600	90	27	.	.	PUNCT
ajfa-10600	91	1	3	3	X
ajfa-10600	91	2	.	.	X
ajfa-10600	91	3	data	datum	NOUN
ajfa-10600	91	4	and	and	CCONJ
ajfa-10600	91	5	methodology	methodology	NOUN
ajfa-10600	91	6	the	the	DET
ajfa-10600	91	7	sample	sample	NOUN
ajfa-10600	91	8	in	in	ADP
ajfa-10600	91	9	this	this	DET
ajfa-10600	91	10	study	study	NOUN
ajfa-10600	91	11	includes	include	VERB
ajfa-10600	91	12	50	50	NUM
ajfa-10600	91	13	listed	list	VERB
ajfa-10600	91	14	firms	firm	NOUN
ajfa-10600	91	15	of	of	ADP
ajfa-10600	91	16	karachi	karachi	PROPN
ajfa-10600	91	17	stock	stock	PROPN
ajfa-10600	91	18	exchange	exchange	PROPN
ajfa-10600	91	19	.	.	PUNCT
ajfa-10600	92	1	the	the	DET
ajfa-10600	92	2	sample	sample	NOUN
ajfa-10600	92	3	comprises	comprise	VERB
ajfa-10600	92	4	merchandising	merchandising	NOUN
ajfa-10600	92	5	and	and	CCONJ
ajfa-10600	92	6	manufacturing	manufacturing	NOUN
ajfa-10600	92	7	firms	firm	NOUN
ajfa-10600	92	8	from	from	ADP
ajfa-10600	92	9	twelve	twelve	NUM
ajfa-10600	92	10	sectors	sector	NOUN
ajfa-10600	92	11	(	(	PUNCT
ajfa-10600	92	12	i.e.	i.e.	X
ajfa-10600	92	13	food	food	NOUN
ajfa-10600	92	14	,	,	PUNCT
ajfa-10600	92	15	cement	cement	NOUN
ajfa-10600	92	16	,	,	PUNCT
ajfa-10600	92	17	automobile	automobile	NOUN
ajfa-10600	92	18	,	,	PUNCT
ajfa-10600	92	19	engineering	engineering	NOUN
ajfa-10600	92	20	chemicals	chemical	NOUN
ajfa-10600	92	21	,	,	PUNCT
ajfa-10600	92	22	textile	textile	NOUN
ajfa-10600	92	23	,	,	PUNCT
ajfa-10600	92	24	electricity	electricity	NOUN
ajfa-10600	92	25	,	,	PUNCT
ajfa-10600	92	26	fixed	fix	VERB
ajfa-10600	92	27	line	line	NOUN
ajfa-10600	92	28	telecommunication	telecommunication	NOUN
ajfa-10600	92	29	health	health	NOUN
ajfa-10600	92	30	,	,	PUNCT
ajfa-10600	92	31	travel	travel	NOUN
ajfa-10600	92	32	and	and	CCONJ
ajfa-10600	92	33	oil	oil	NOUN
ajfa-10600	92	34	and	and	CCONJ
ajfa-10600	92	35	gas	gas	NOUN
ajfa-10600	92	36	)	)	PUNCT
ajfa-10600	92	37	.	.	PUNCT
ajfa-10600	93	1	data	datum	NOUN
ajfa-10600	93	2	collected	collect	VERB
ajfa-10600	93	3	from	from	ADP
ajfa-10600	93	4	secondary	secondary	ADJ
ajfa-10600	93	5	sources	source	NOUN
ajfa-10600	93	6	.	.	PUNCT
ajfa-10600	94	1	the	the	DET
ajfa-10600	94	2	analysis	analysis	NOUN
ajfa-10600	94	3	is	be	AUX
ajfa-10600	94	4	based	base	VERB
ajfa-10600	94	5	on	on	ADP
ajfa-10600	94	6	information	information	NOUN
ajfa-10600	94	7	from	from	ADP
ajfa-10600	94	8	annual	annual	ADJ
ajfa-10600	94	9	reports	report	NOUN
ajfa-10600	94	10	over	over	ADP
ajfa-10600	94	11	the	the	DET
ajfa-10600	94	12	five	five	NUM
ajfa-10600	94	13	year	year	NOUN
ajfa-10600	94	14	from	from	ADP
ajfa-10600	94	15	2007	2007	NUM
ajfa-10600	94	16	to	to	ADP
ajfa-10600	94	17	2011.the	2011.the	DET
ajfa-10600	94	18	effect	effect	NOUN
ajfa-10600	94	19	of	of	ADP
ajfa-10600	94	20	liquidity	liquidity	NOUN
ajfa-10600	94	21	on	on	ADP
ajfa-10600	94	22	profitability	profitability	NOUN
ajfa-10600	94	23	is	be	AUX
ajfa-10600	94	24	tested	test	VERB
ajfa-10600	94	25	using	use	VERB
ajfa-10600	94	26	the	the	DET
ajfa-10600	94	27	panel	panel	NOUN
ajfa-10600	94	28	data	datum	NOUN
ajfa-10600	94	29	methodology	methodology	NOUN
ajfa-10600	94	30	.	.	PUNCT
ajfa-10600	95	1	based	base	VERB
ajfa-10600	95	2	on	on	ADP
ajfa-10600	95	3	the	the	DET
ajfa-10600	95	4	literature	literature	NOUN
ajfa-10600	95	5	,	,	PUNCT
ajfa-10600	95	6	conceptual	conceptual	ADJ
ajfa-10600	95	7	framework	framework	NOUN
ajfa-10600	95	8	has	have	AUX
ajfa-10600	95	9	been	be	AUX
ajfa-10600	95	10	designed	design	VERB
ajfa-10600	95	11	to	to	PART
ajfa-10600	95	12	study	study	VERB
ajfa-10600	95	13	the	the	DET
ajfa-10600	95	14	relationship	relationship	NOUN
ajfa-10600	95	15	between	between	ADP
ajfa-10600	95	16	liquidity	liquidity	NOUN
ajfa-10600	95	17	and	and	CCONJ
ajfa-10600	95	18	profitability	profitability	NOUN
ajfa-10600	95	19	of	of	ADP
ajfa-10600	95	20	different	different	ADJ
ajfa-10600	95	21	firms	firm	NOUN
ajfa-10600	95	22	of	of	ADP
ajfa-10600	95	23	kse	kse	PROPN
ajfa-10600	95	24	.	.	PUNCT
ajfa-10600	96	1	there	there	PRON
ajfa-10600	96	2	are	be	VERB
ajfa-10600	96	3	seven	seven	NUM
ajfa-10600	96	4	variables	variable	NOUN
ajfa-10600	96	5	,	,	PUNCT
ajfa-10600	96	6	with	with	ADP
ajfa-10600	96	7	two	two	NUM
ajfa-10600	96	8	profitability	profitability	NOUN
ajfa-10600	96	9	measures	measure	NOUN
ajfa-10600	96	10	(	(	PUNCT
ajfa-10600	96	11	net	net	ADJ
ajfa-10600	96	12	operating	operating	NOUN
ajfa-10600	96	13	income	income	NOUN
ajfa-10600	96	14	and	and	CCONJ
ajfa-10600	96	15	return	return	VERB
ajfa-10600	96	16	on	on	ADP
ajfa-10600	96	17	assets	asset	NOUN
ajfa-10600	96	18	)	)	PUNCT
ajfa-10600	96	19	and	and	CCONJ
ajfa-10600	96	20	five	five	NUM
ajfa-10600	96	21	independent	independent	ADJ
ajfa-10600	96	22	variables	variable	NOUN
ajfa-10600	96	23	(	(	PUNCT
ajfa-10600	96	24	cash	cash	NOUN
ajfa-10600	96	25	gap	gap	NOUN
ajfa-10600	96	26	in	in	ADP
ajfa-10600	96	27	days	day	NOUN
ajfa-10600	96	28	,	,	PUNCT
ajfa-10600	96	29	current	current	ADJ
ajfa-10600	96	30	ratio	ratio	NOUN
ajfa-10600	96	31	,	,	PUNCT
ajfa-10600	96	32	net	net	ADJ
ajfa-10600	96	33	sales	sale	NOUN
ajfa-10600	96	34	,	,	PUNCT
ajfa-10600	96	35	total	total	ADJ
ajfa-10600	96	36	assets	asset	NOUN
ajfa-10600	96	37	and	and	CCONJ
ajfa-10600	96	38	market	market	NOUN
ajfa-10600	96	39	capitalization	capitalization	NOUN
ajfa-10600	96	40	)	)	PUNCT
ajfa-10600	96	41	.	.	PUNCT
ajfa-10600	97	1	asian	asian	ADJ
ajfa-10600	97	2	journal	journal	PROPN
ajfa-10600	97	3	of	of	ADP
ajfa-10600	97	4	finance	finance	PROPN
ajfa-10600	97	5	&	&	CCONJ
ajfa-10600	97	6	accounting	accounting	PROPN
ajfa-10600	97	7	issn	issn	PROPN
ajfa-10600	97	8	1946	1946	NUM
ajfa-10600	97	9	-	-	PUNCT
ajfa-10600	97	10	052x	052x	PROPN
ajfa-10600	97	11	2017	2017	NUM
ajfa-10600	97	12	,	,	PUNCT
ajfa-10600	97	13	vol	vol	NOUN
ajfa-10600	97	14	.	.	NOUN
ajfa-10600	97	15	9	9	NUM
ajfa-10600	97	16	,	,	PUNCT
ajfa-10600	97	17	no	no	INTJ
ajfa-10600	97	18	.	.	NOUN
ajfa-10600	97	19	1	1	NUM
ajfa-10600	97	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	97	21	59	59	NUM
ajfa-10600	97	22	source	source	NOUN
ajfa-10600	97	23	:	:	PUNCT
ajfa-10600	97	24	based	base	VERB
ajfa-10600	97	25	oneljelly	oneljelly	ADV
ajfa-10600	97	26	(	(	PUNCT
ajfa-10600	97	27	2004	2004	NUM
ajfa-10600	97	28	)	)	PUNCT
ajfa-10600	97	29	figure	figure	NOUN
ajfa-10600	97	30	1	1	NUM
ajfa-10600	97	31	.	.	PUNCT
ajfa-10600	97	32	conceptual	conceptual	ADJ
ajfa-10600	97	33	framework	framework	NOUN
ajfa-10600	97	34	static	static	ADJ
ajfa-10600	97	35	view	view	NOUN
ajfa-10600	97	36	uses	use	VERB
ajfa-10600	97	37	the	the	DET
ajfa-10600	97	38	traditional	traditional	ADJ
ajfa-10600	97	39	ratios	ratio	NOUN
ajfa-10600	97	40	calculated	calculate	VERB
ajfa-10600	97	41	from	from	ADP
ajfa-10600	97	42	balance	balance	NOUN
ajfa-10600	97	43	sheet	sheet	NOUN
ajfa-10600	97	44	such	such	ADJ
ajfa-10600	97	45	as	as	ADP
ajfa-10600	97	46	current	current	ADJ
ajfa-10600	97	47	and	and	CCONJ
ajfa-10600	97	48	quick	quick	ADJ
ajfa-10600	97	49	ratios	ratio	NOUN
ajfa-10600	97	50	for	for	ADP
ajfa-10600	97	51	analyzing	analyze	VERB
ajfa-10600	97	52	the	the	DET
ajfa-10600	97	53	liquidity	liquidity	NOUN
ajfa-10600	97	54	management	management	NOUN
ajfa-10600	97	55	and	and	CCONJ
ajfa-10600	97	56	financial	financial	ADJ
ajfa-10600	97	57	policies	policy	NOUN
ajfa-10600	97	58	.	.	PUNCT
ajfa-10600	98	1	while	while	SCONJ
ajfa-10600	98	2	a	a	DET
ajfa-10600	98	3	dynamic	dynamic	ADJ
ajfa-10600	98	4	measure	measure	NOUN
ajfa-10600	98	5	of	of	ADP
ajfa-10600	98	6	liquidity	liquidity	NOUN
ajfa-10600	98	7	cash	cash	NOUN
ajfa-10600	98	8	conversion	conversion	NOUN
ajfa-10600	98	9	cycle	cycle	NOUN
ajfa-10600	98	10	is	be	AUX
ajfa-10600	98	11	used	use	VERB
ajfa-10600	98	12	that	that	PRON
ajfa-10600	98	13	measure	measure	VERB
ajfa-10600	98	14	cash	cash	NOUN
ajfa-10600	98	15	outflow	outflow	NOUN
ajfa-10600	98	16	and	and	CCONJ
ajfa-10600	98	17	cash	cash	NOUN
ajfa-10600	98	18	inflow	inflow	NOUN
ajfa-10600	98	19	in	in	ADP
ajfa-10600	98	20	days	day	NOUN
ajfa-10600	98	21	for	for	ADP
ajfa-10600	98	22	a	a	DET
ajfa-10600	98	23	given	give	VERB
ajfa-10600	98	24	period	period	NOUN
ajfa-10600	98	25	of	of	ADP
ajfa-10600	98	26	time	time	NOUN
ajfa-10600	98	27	.	.	PUNCT
ajfa-10600	99	1	market	market	NOUN
ajfa-10600	99	2	capitalization	capitalization	NOUN
ajfa-10600	99	3	,	,	PUNCT
ajfa-10600	99	4	net	net	ADJ
ajfa-10600	99	5	sales	sale	NOUN
ajfa-10600	99	6	and	and	CCONJ
ajfa-10600	99	7	total	total	ADJ
ajfa-10600	99	8	assets	asset	NOUN
ajfa-10600	99	9	are	be	AUX
ajfa-10600	99	10	moderating	moderate	VERB
ajfa-10600	99	11	variables	variable	NOUN
ajfa-10600	99	12	in	in	ADP
ajfa-10600	99	13	a	a	DET
ajfa-10600	99	14	model	model	NOUN
ajfa-10600	99	15	which	which	PRON
ajfa-10600	99	16	influence	influence	VERB
ajfa-10600	99	17	the	the	DET
ajfa-10600	99	18	impact	impact	NOUN
ajfa-10600	99	19	of	of	ADP
ajfa-10600	99	20	liquidity	liquidity	NOUN
ajfa-10600	99	21	on	on	ADP
ajfa-10600	99	22	profitability	profitability	NOUN
ajfa-10600	99	23	.	.	PUNCT
ajfa-10600	100	1	two	two	NUM
ajfa-10600	100	2	dependent	dependent	ADJ
ajfa-10600	100	3	variables	variable	NOUN
ajfa-10600	100	4	used	use	VERB
ajfa-10600	100	5	as	as	ADP
ajfa-10600	100	6	proxy	proxy	ADJ
ajfa-10600	100	7	variables	variable	NOUN
ajfa-10600	100	8	of	of	ADP
ajfa-10600	100	9	profitability	profitability	NOUN
ajfa-10600	100	10	i.e.net	i.e.net	NOUN
ajfa-10600	100	11	operating	operating	NOUN
ajfa-10600	100	12	income	income	NOUN
ajfa-10600	100	13	and	and	CCONJ
ajfa-10600	100	14	return	return	VERB
ajfa-10600	100	15	on	on	ADP
ajfa-10600	100	16	assets	asset	NOUN
ajfa-10600	100	17	.	.	PUNCT
ajfa-10600	101	1	study	study	NOUN
ajfa-10600	101	2	assumes	assume	VERB
ajfa-10600	101	3	that	that	SCONJ
ajfa-10600	101	4	there	there	PRON
ajfa-10600	101	5	may	may	AUX
ajfa-10600	101	6	be	be	AUX
ajfa-10600	101	7	a	a	DET
ajfa-10600	101	8	relationship	relationship	NOUN
ajfa-10600	101	9	between	between	ADP
ajfa-10600	101	10	profitability	profitability	NOUN
ajfa-10600	101	11	of	of	ADP
ajfa-10600	101	12	the	the	DET
ajfa-10600	101	13	company	company	NOUN
ajfa-10600	101	14	and	and	CCONJ
ajfa-10600	101	15	its	its	PRON
ajfa-10600	101	16	liquidity	liquidity	NOUN
ajfa-10600	101	17	,	,	PUNCT
ajfa-10600	101	18	as	as	ADP
ajfa-10600	101	19	a	a	DET
ajfa-10600	101	20	result	result	NOUN
ajfa-10600	101	21	of	of	ADP
ajfa-10600	101	22	savings	saving	NOUN
ajfa-10600	101	23	or	or	CCONJ
ajfa-10600	101	24	external	external	ADJ
ajfa-10600	101	25	financing	financing	NOUN
ajfa-10600	101	26	costs	cost	NOUN
ajfa-10600	101	27	.	.	PUNCT
ajfa-10600	102	1	due	due	ADP
ajfa-10600	102	2	to	to	ADP
ajfa-10600	102	3	presence	presence	NOUN
ajfa-10600	102	4	of	of	ADP
ajfa-10600	102	5	these	these	DET
ajfa-10600	102	6	elements	element	NOUN
ajfa-10600	102	7	of	of	ADP
ajfa-10600	102	8	costs	cost	NOUN
ajfa-10600	102	9	and	and	CCONJ
ajfa-10600	102	10	cost	cost	NOUN
ajfa-10600	102	11	savings	saving	NOUN
ajfa-10600	102	12	,	,	PUNCT
ajfa-10600	102	13	this	this	DET
ajfa-10600	102	14	relationship	relationship	NOUN
ajfa-10600	102	15	between	between	ADP
ajfa-10600	102	16	profitability	profitability	NOUN
ajfa-10600	102	17	and	and	CCONJ
ajfa-10600	102	18	liquidity	liquidity	NOUN
ajfa-10600	102	19	is	be	AUX
ajfa-10600	102	20	most	most	ADV
ajfa-10600	102	21	likely	likely	ADV
ajfa-10600	102	22	be	be	AUX
ajfa-10600	102	23	negative	negative	ADJ
ajfa-10600	102	24	.	.	PUNCT
ajfa-10600	103	1	consequently	consequently	ADV
ajfa-10600	103	2	,	,	PUNCT
ajfa-10600	103	3	first	first	ADJ
ajfa-10600	103	4	hypotheses	hypothesis	NOUN
ajfa-10600	103	5	of	of	ADP
ajfa-10600	103	6	this	this	DET
ajfa-10600	103	7	study	study	NOUN
ajfa-10600	103	8	can	can	AUX
ajfa-10600	103	9	be	be	AUX
ajfa-10600	103	10	stated	state	VERB
ajfa-10600	103	11	as	as	SCONJ
ajfa-10600	103	12	follows	follow	VERB
ajfa-10600	103	13	:	:	PUNCT
ajfa-10600	103	14	there	there	PRON
ajfa-10600	103	15	is	be	VERB
ajfa-10600	103	16	a	a	DET
ajfa-10600	103	17	negative	negative	ADJ
ajfa-10600	103	18	relationship	relationship	NOUN
ajfa-10600	103	19	between	between	ADP
ajfa-10600	103	20	liquidity	liquidity	NOUN
ajfa-10600	103	21	of	of	ADP
ajfa-10600	103	22	a	a	DET
ajfa-10600	103	23	firms	firm	NOUN
ajfa-10600	103	24	and	and	CCONJ
ajfa-10600	103	25	its	its	PRON
ajfa-10600	103	26	profitability	profitability	NOUN
ajfa-10600	103	27	.	.	PUNCT
ajfa-10600	104	1	profitability	profitability	NOUN
ajfa-10600	104	2	may	may	AUX
ajfa-10600	104	3	be	be	AUX
ajfa-10600	104	4	a	a	DET
ajfa-10600	104	5	function	function	NOUN
ajfa-10600	104	6	of	of	ADP
ajfa-10600	104	7	the	the	DET
ajfa-10600	104	8	size	size	NOUN
ajfa-10600	104	9	of	of	ADP
ajfa-10600	104	10	firms	firm	NOUN
ajfa-10600	104	11	which	which	PRON
ajfa-10600	104	12	are	be	AUX
ajfa-10600	104	13	measured	measure	VERB
ajfa-10600	104	14	in	in	ADP
ajfa-10600	104	15	terms	term	NOUN
ajfa-10600	104	16	of	of	ADP
ajfa-10600	104	17	total	total	ADJ
ajfa-10600	104	18	assets	asset	NOUN
ajfa-10600	104	19	and	and	CCONJ
ajfa-10600	104	20	sales	sale	NOUN
ajfa-10600	104	21	.	.	PUNCT
ajfa-10600	105	1	the	the	DET
ajfa-10600	105	2	company	company	NOUN
ajfa-10600	105	3	size	size	NOUN
ajfa-10600	105	4	may	may	AUX
ajfa-10600	105	5	affect	affect	VERB
ajfa-10600	105	6	liquidity	liquidity	NOUN
ajfa-10600	105	7	,	,	PUNCT
ajfa-10600	105	8	cash	cash	NOUN
ajfa-10600	105	9	gaps	gap	NOUN
ajfa-10600	105	10	and	and	CCONJ
ajfa-10600	105	11	profitability	profitability	NOUN
ajfa-10600	105	12	in	in	ADP
ajfa-10600	105	13	different	different	ADJ
ajfa-10600	105	14	ways	way	NOUN
ajfa-10600	105	15	.	.	PUNCT
ajfa-10600	106	1	large	large	ADJ
ajfa-10600	106	2	firms	firm	NOUN
ajfa-10600	106	3	purchase	purchase	VERB
ajfa-10600	106	4	inventory	inventory	NOUN
ajfa-10600	106	5	in	in	ADP
ajfa-10600	106	6	large	large	ADJ
ajfa-10600	106	7	quantities	quantity	NOUN
ajfa-10600	106	8	in	in	ADP
ajfa-10600	106	9	order	order	NOUN
ajfa-10600	106	10	to	to	PART
ajfa-10600	106	11	get	get	VERB
ajfa-10600	106	12	quantity	quantity	NOUN
ajfa-10600	106	13	discounts	discount	NOUN
ajfa-10600	106	14	.	.	PUNCT
ajfa-10600	107	1	further	far	ADV
ajfa-10600	107	2	,	,	PUNCT
ajfa-10600	107	3	large	large	ADJ
ajfa-10600	107	4	firms	firm	NOUN
ajfa-10600	107	5	may	may	AUX
ajfa-10600	107	6	qualify	qualify	VERB
ajfa-10600	107	7	for	for	ADP
ajfa-10600	107	8	quantity	quantity	NOUN
ajfa-10600	107	9	discounts	discount	NOUN
ajfa-10600	107	10	from	from	ADP
ajfa-10600	107	11	suppliers	supplier	NOUN
ajfa-10600	107	12	due	due	ADP
ajfa-10600	107	13	to	to	ADP
ajfa-10600	107	14	their	their	PRON
ajfa-10600	107	15	size	size	NOUN
ajfa-10600	107	16	.	.	PUNCT
ajfa-10600	108	1	on	on	ADP
ajfa-10600	108	2	the	the	DET
ajfa-10600	108	3	other	other	ADJ
ajfa-10600	108	4	hand	hand	NOUN
ajfa-10600	108	5	,	,	PUNCT
ajfa-10600	108	6	large	large	ADJ
ajfa-10600	108	7	firms	firm	NOUN
ajfa-10600	108	8	also	also	ADV
ajfa-10600	108	9	able	able	ADJ
ajfa-10600	108	10	to	to	PART
ajfa-10600	108	11	get	get	VERB
ajfa-10600	108	12	favorable	favorable	ADJ
ajfa-10600	108	13	credit	credit	NOUN
ajfa-10600	108	14	terms	term	NOUN
ajfa-10600	108	15	from	from	ADP
ajfa-10600	108	16	their	their	PRON
ajfa-10600	108	17	suppliers	supplier	NOUN
ajfa-10600	108	18	in	in	ADP
ajfa-10600	108	19	terms	term	NOUN
ajfa-10600	108	20	of	of	ADP
ajfa-10600	108	21	longer	long	ADJ
ajfa-10600	108	22	credit	credit	NOUN
ajfa-10600	108	23	periods	period	NOUN
ajfa-10600	108	24	.	.	PUNCT
ajfa-10600	109	1	moreover	moreover	ADV
ajfa-10600	109	2	,	,	PUNCT
ajfa-10600	109	3	large	large	ADJ
ajfa-10600	109	4	firms	firm	NOUN
ajfa-10600	109	5	may	may	AUX
ajfa-10600	109	6	have	have	VERB
ajfa-10600	109	7	more	more	ADJ
ajfa-10600	109	8	success	success	NOUN
ajfa-10600	109	9	in	in	ADP
ajfa-10600	109	10	their	their	PRON
ajfa-10600	109	11	receivables	receivables	NOUN
ajfa-10600	109	12	collection	collection	NOUN
ajfa-10600	109	13	efforts	effort	NOUN
ajfa-10600	109	14	relative	relative	ADJ
ajfa-10600	109	15	to	to	ADP
ajfa-10600	109	16	small	small	ADJ
ajfa-10600	109	17	companies	company	NOUN
ajfa-10600	109	18	.	.	PUNCT
ajfa-10600	110	1	all	all	DET
ajfa-10600	110	2	these	these	DET
ajfa-10600	110	3	factors	factor	NOUN
ajfa-10600	110	4	may	may	AUX
ajfa-10600	110	5	push	push	VERB
ajfa-10600	110	6	liquidity	liquidity	NOUN
ajfa-10600	110	7	levels	level	NOUN
ajfa-10600	110	8	and	and	CCONJ
ajfa-10600	110	9	cash	cash	NOUN
ajfa-10600	110	10	gaps	gap	NOUN
ajfa-10600	110	11	of	of	ADP
ajfa-10600	110	12	large	large	ADJ
ajfa-10600	110	13	firms	firm	NOUN
ajfa-10600	110	14	to	to	ADP
ajfa-10600	110	15	levels	level	NOUN
ajfa-10600	110	16	lower	low	ADJ
ajfa-10600	110	17	than	than	ADP
ajfa-10600	110	18	that	that	PRON
ajfa-10600	110	19	of	of	ADP
ajfa-10600	110	20	small	small	ADJ
ajfa-10600	110	21	companies	company	NOUN
ajfa-10600	110	22	.	.	PUNCT
ajfa-10600	111	1	asian	asian	ADJ
ajfa-10600	111	2	journal	journal	PROPN
ajfa-10600	111	3	of	of	ADP
ajfa-10600	111	4	finance	finance	PROPN
ajfa-10600	111	5	&	&	CCONJ
ajfa-10600	111	6	accounting	accounting	PROPN
ajfa-10600	111	7	issn	issn	PROPN
ajfa-10600	111	8	1946	1946	NUM
ajfa-10600	111	9	-	-	PUNCT
ajfa-10600	111	10	052x	052x	PROPN
ajfa-10600	111	11	2017	2017	NUM
ajfa-10600	111	12	,	,	PUNCT
ajfa-10600	111	13	vol	vol	NOUN
ajfa-10600	111	14	.	.	NOUN
ajfa-10600	111	15	9	9	NUM
ajfa-10600	111	16	,	,	PUNCT
ajfa-10600	111	17	no	no	INTJ
ajfa-10600	111	18	.	.	NOUN
ajfa-10600	111	19	1	1	NUM
ajfa-10600	111	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	111	21	60	60	NUM
ajfa-10600	111	22	there	there	PRON
ajfa-10600	111	23	is	be	VERB
ajfa-10600	111	24	a	a	DET
ajfa-10600	111	25	positive	positive	ADJ
ajfa-10600	111	26	relationship	relationship	NOUN
ajfa-10600	111	27	between	between	ADP
ajfa-10600	111	28	the	the	DET
ajfa-10600	111	29	firm	firm	NOUN
ajfa-10600	111	30	’s	’s	PART
ajfa-10600	111	31	size	size	NOUN
ajfa-10600	111	32	and	and	CCONJ
ajfa-10600	111	33	its	its	PRON
ajfa-10600	111	34	profitability	profitability	NOUN
ajfa-10600	111	35	4	4	NUM
ajfa-10600	111	36	.	.	PUNCT
ajfa-10600	112	1	empirical	empirical	ADJ
ajfa-10600	112	2	modeling	model	VERB
ajfa-10600	112	3	the	the	DET
ajfa-10600	112	4	basic	basic	ADJ
ajfa-10600	112	5	regression	regression	NOUN
ajfa-10600	112	6	equation	equation	NOUN
ajfa-10600	112	7	of	of	ADP
ajfa-10600	112	8	study	study	NOUN
ajfa-10600	112	9	is	be	AUX
ajfa-10600	112	10	as	as	SCONJ
ajfa-10600	112	11	follows	follow	VERB
ajfa-10600	112	12	:	:	PUNCT
ajfa-10600	112	13	noi=	noi=	NOUN
ajfa-10600	112	14	b0+b1cr+b2cgs+b3logs+e	b0+b1cr+b2cgs+b3logs+e	NOUN
ajfa-10600	112	15	(	(	PUNCT
ajfa-10600	112	16	1	1	NUM
ajfa-10600	112	17	)	)	PUNCT
ajfa-10600	112	18	(	(	PUNCT
ajfa-10600	112	19	eljelly	eljelly	ADV
ajfa-10600	112	20	,	,	PUNCT
ajfa-10600	112	21	2004	2004	NUM
ajfa-10600	112	22	)	)	PUNCT
ajfa-10600	112	23	where	where	SCONJ
ajfa-10600	112	24	noi	noi	PROPN
ajfa-10600	112	25	is	be	AUX
ajfa-10600	112	26	net	net	ADJ
ajfa-10600	112	27	operating	operating	NOUN
ajfa-10600	112	28	income	income	NOUN
ajfa-10600	112	29	,	,	PUNCT
ajfa-10600	112	30	cr	cr	PROPN
ajfa-10600	112	31	is	be	AUX
ajfa-10600	112	32	current	current	ADJ
ajfa-10600	112	33	ratio	ratio	NOUN
ajfa-10600	112	34	,	,	PUNCT
ajfa-10600	112	35	cgs	cgs	NOUN
ajfa-10600	112	36	is	be	AUX
ajfa-10600	112	37	cash	cash	NOUN
ajfa-10600	112	38	gap	gap	NOUN
ajfa-10600	112	39	in	in	ADP
ajfa-10600	112	40	days	day	NOUN
ajfa-10600	112	41	and	and	CCONJ
ajfa-10600	112	42	logs	log	NOUN
ajfa-10600	112	43	is	be	AUX
ajfa-10600	112	44	log	log	NOUN
ajfa-10600	112	45	of	of	ADP
ajfa-10600	112	46	net	net	ADJ
ajfa-10600	112	47	sales	sale	NOUN
ajfa-10600	112	48	.	.	PUNCT
ajfa-10600	113	1	more	more	ADV
ajfa-10600	113	2	specifically	specifically	ADV
ajfa-10600	113	3	equations	equation	NOUN
ajfa-10600	113	4	estimated	estimate	VERB
ajfa-10600	113	5	are	be	AUX
ajfa-10600	113	6	:	:	PUNCT
ajfa-10600	113	7	noi	noi	PROPN
ajfa-10600	113	8	=	=	PUNCT
ajfa-10600	113	9	β0	β0	PROPN
ajfa-10600	113	10	+	+	X
ajfa-10600	113	11	β1	β1	PROPN
ajfa-10600	113	12	(	(	PUNCT
ajfa-10600	113	13	cr	cr	NOUN
ajfa-10600	113	14	)	)	PUNCT
ajfa-10600	114	1	+	+	CCONJ
ajfa-10600	114	2	β2	β2	NOUN
ajfa-10600	114	3	(	(	PUNCT
ajfa-10600	114	4	cgs	cgs	PROPN
ajfa-10600	114	5	)	)	PUNCT
ajfa-10600	114	6	+	+	CCONJ
ajfa-10600	114	7	β3	β3	PROPN
ajfa-10600	114	8	(	(	PUNCT
ajfa-10600	114	9	mc	mc	PROPN
ajfa-10600	114	10	)	)	PUNCT
ajfa-10600	114	11	+	+	PROPN
ajfa-10600	114	12	β4	β4	PROPN
ajfa-10600	114	13	(	(	PUNCT
ajfa-10600	114	14	logs	log	NOUN
ajfa-10600	114	15	)	)	PUNCT
ajfa-10600	115	1	+	+	NUM
ajfa-10600	115	2	β5	β5	NOUN
ajfa-10600	115	3	(	(	PUNCT
ajfa-10600	115	4	logta	logta	ADJ
ajfa-10600	115	5	)	)	PUNCT
ajfa-10600	116	1	+	+	CCONJ
ajfa-10600	116	2	ε	ε	PROPN
ajfa-10600	116	3	(	(	PUNCT
ajfa-10600	116	4	2	2	NUM
ajfa-10600	116	5	)	)	PUNCT
ajfa-10600	116	6	roa=	roa=	NOUN
ajfa-10600	116	7	β0	β0	NOUN
ajfa-10600	116	8	+	+	CCONJ
ajfa-10600	116	9	β1	β1	PROPN
ajfa-10600	116	10	(	(	PUNCT
ajfa-10600	116	11	cr	cr	NOUN
ajfa-10600	116	12	)	)	PUNCT
ajfa-10600	116	13	+	+	CCONJ
ajfa-10600	116	14	β2	β2	NOUN
ajfa-10600	116	15	(	(	PUNCT
ajfa-10600	116	16	cgs	cgs	PROPN
ajfa-10600	116	17	)	)	PUNCT
ajfa-10600	116	18	+	+	CCONJ
ajfa-10600	116	19	β3	β3	PROPN
ajfa-10600	116	20	(	(	PUNCT
ajfa-10600	116	21	mc	mc	PROPN
ajfa-10600	116	22	)	)	PUNCT
ajfa-10600	116	23	+	+	PROPN
ajfa-10600	116	24	β4	β4	PROPN
ajfa-10600	116	25	(	(	PUNCT
ajfa-10600	116	26	logs	log	NOUN
ajfa-10600	116	27	)	)	PUNCT
ajfa-10600	116	28	+	+	NUM
ajfa-10600	116	29	β5	β5	NOUN
ajfa-10600	116	30	(	(	PUNCT
ajfa-10600	116	31	logta	logta	ADJ
ajfa-10600	116	32	)	)	PUNCT
ajfa-10600	117	1	+	+	CCONJ
ajfa-10600	117	2	ε	ε	PROPN
ajfa-10600	117	3	(	(	PUNCT
ajfa-10600	117	4	3	3	NUM
ajfa-10600	117	5	)	)	PUNCT
ajfa-10600	117	6	5	5	NUM
ajfa-10600	117	7	.	.	X
ajfa-10600	117	8	result	result	NOUN
ajfa-10600	117	9	and	and	CCONJ
ajfa-10600	117	10	analysis	analysis	NOUN
ajfa-10600	117	11	5.1	5.1	NUM
ajfa-10600	117	12	.	.	PUNCT
ajfa-10600	118	1	descriptive	descriptive	ADJ
ajfa-10600	118	2	analysis	analysis	NOUN
ajfa-10600	118	3	descriptive	descriptive	ADJ
ajfa-10600	118	4	analysis	analysis	NOUN
ajfa-10600	118	5	helps	help	VERB
ajfa-10600	118	6	to	to	PART
ajfa-10600	118	7	describe	describe	VERB
ajfa-10600	118	8	relevant	relevant	ADJ
ajfa-10600	118	9	aspects	aspect	NOUN
ajfa-10600	118	10	and	and	CCONJ
ajfa-10600	118	11	provide	provide	VERB
ajfa-10600	118	12	information	information	NOUN
ajfa-10600	118	13	about	about	ADP
ajfa-10600	118	14	each	each	DET
ajfa-10600	118	15	relevant	relevant	ADJ
ajfa-10600	118	16	variable	variable	NOUN
ajfa-10600	118	17	.	.	PUNCT
ajfa-10600	119	1	these	these	DET
ajfa-10600	119	2	results	result	NOUN
ajfa-10600	119	3	are	be	AUX
ajfa-10600	119	4	summarized	summarize	VERB
ajfa-10600	119	5	in	in	ADP
ajfa-10600	119	6	the	the	DET
ajfa-10600	119	7	following	follow	VERB
ajfa-10600	119	8	table	table	NOUN
ajfa-10600	119	9	2	2	NUM
ajfa-10600	119	10	.	.	PUNCT
ajfa-10600	119	11	table	table	NOUN
ajfa-10600	119	12	2	2	NUM
ajfa-10600	119	13	.	.	PUNCT
ajfa-10600	119	14	descriptive	descriptive	ADJ
ajfa-10600	119	15	statistics	statistic	NOUN
ajfa-10600	119	16	noi	noi	PROPN
ajfa-10600	119	17	roa	roa	PROPN
ajfa-10600	119	18	roe	roe	PROPN
ajfa-10600	119	19	cg	cg	PROPN
ajfa-10600	119	20	cr	cr	PROPN
ajfa-10600	119	21	mc	mc	PROPN
ajfa-10600	119	22	sales	sale	NOUN
ajfa-10600	119	23	ta	ta	PART
ajfa-10600	119	24	mean	mean	VERB
ajfa-10600	119	25	0.008	0.008	NUM
ajfa-10600	119	26	6.64	6.64	NUM
ajfa-10600	119	27	24.20	24.20	NUM
ajfa-10600	119	28	13.248	13.248	NUM
ajfa-10600	119	29	1.44	1.44	NUM
ajfa-10600	119	30	2.10	2.10	NUM
ajfa-10600	119	31	0.063	0.063	NUM
ajfa-10600	119	32	0.11	0.11	NUM
ajfa-10600	119	33	median	median	NOUN
ajfa-10600	119	34	.0001	.0001	PUNCT
ajfa-10600	120	1	4.74	4.74	NUM
ajfa-10600	120	2	16.34	16.34	NUM
ajfa-10600	120	3	4.424	4.424	NUM
ajfa-10600	120	4	1.08	1.08	NUM
ajfa-10600	120	5	0.766	0.766	NUM
ajfa-10600	120	6	0.003	0.003	NUM
ajfa-10600	120	7	0.002	0.002	NUM
ajfa-10600	120	8	maximum	maximum	NOUN
ajfa-10600	120	9	1.11	1.11	NUM
ajfa-10600	120	10	51.57	51.57	NUM
ajfa-10600	120	11	2788.20	2788.20	NUM
ajfa-10600	120	12	270.5	270.5	NUM
ajfa-10600	120	13	6.87	6.87	NUM
ajfa-10600	120	14	24.7	24.7	NUM
ajfa-10600	120	15	15.2	15.2	NUM
ajfa-10600	120	16	3.92	3.92	NUM
ajfa-10600	120	17	minimum	minimum	NOUN
ajfa-10600	120	18	-.154	-.154	NOUN
ajfa-10600	120	19	-36.49	-36.49	PROPN
ajfa-10600	120	20	-1290.33	-1290.33	PROPN
ajfa-10600	120	21	0.00	0.00	NUM
ajfa-10600	120	22	0.10	0.10	NUM
ajfa-10600	120	23	0.004	0.004	NUM
ajfa-10600	120	24	.0001	.0001	NOUN
ajfa-10600	120	25	.000	.000	NUM
ajfa-10600	120	26	std	std	NOUN
ajfa-10600	120	27	.	.	PUNCT
ajfa-10600	120	28	dev	dev	PROPN
ajfa-10600	120	29	.	.	PUNCT
ajfa-10600	121	1	0.074	0.074	NUM
ajfa-10600	121	2	11.46	11.46	NUM
ajfa-10600	121	3	207.36	207.36	NUM
ajfa-10600	121	4	30.42	30.42	NUM
ajfa-10600	121	5	1.06	1.06	NUM
ajfa-10600	121	6	3.66	3.66	NUM
ajfa-10600	121	7	0.201	0.201	NUM
ajfa-10600	121	8	0.498	0.498	NUM
ajfa-10600	121	9	table	table	NOUN
ajfa-10600	121	10	2	2	NUM
ajfa-10600	121	11	shows	show	VERB
ajfa-10600	121	12	the	the	DET
ajfa-10600	121	13	result	result	NOUN
ajfa-10600	121	14	of	of	ADP
ajfa-10600	121	15	descriptive	descriptive	ADJ
ajfa-10600	121	16	statistics	statistic	NOUN
ajfa-10600	121	17	for	for	ADP
ajfa-10600	121	18	50	50	NUM
ajfa-10600	121	19	non	non	ADJ
ajfa-10600	121	20	-	-	ADJ
ajfa-10600	121	21	financial	financial	ADJ
ajfa-10600	121	22	firms	firm	NOUN
ajfa-10600	121	23	for	for	ADP
ajfa-10600	121	24	a	a	DET
ajfa-10600	121	25	period	period	NOUN
ajfa-10600	121	26	of	of	ADP
ajfa-10600	121	27	five	five	NUM
ajfa-10600	121	28	years	year	NOUN
ajfa-10600	121	29	from	from	ADP
ajfa-10600	121	30	2007	2007	NUM
ajfa-10600	121	31	to	to	ADP
ajfa-10600	121	32	2011	2011	NUM
ajfa-10600	121	33	.	.	PUNCT
ajfa-10600	122	1	net	net	ADJ
ajfa-10600	122	2	operating	operating	NOUN
ajfa-10600	122	3	income	income	NOUN
ajfa-10600	122	4	,	,	PUNCT
ajfa-10600	122	5	return	return	VERB
ajfa-10600	122	6	on	on	ADP
ajfa-10600	122	7	assets	asset	NOUN
ajfa-10600	122	8	and	and	CCONJ
ajfa-10600	122	9	return	return	VERB
ajfa-10600	122	10	on	on	ADP
ajfa-10600	122	11	equity	equity	NOUN
ajfa-10600	122	12	used	use	VERB
ajfa-10600	122	13	as	as	ADP
ajfa-10600	122	14	proxy	proxy	ADJ
ajfa-10600	122	15	variable	variable	NOUN
ajfa-10600	122	16	for	for	ADP
ajfa-10600	122	17	measuring	measure	VERB
ajfa-10600	122	18	firm	firm	NOUN
ajfa-10600	122	19	’s	’s	PART
ajfa-10600	122	20	profitability	profitability	NOUN
ajfa-10600	122	21	.	.	PUNCT
ajfa-10600	123	1	mean	mean	ADJ
ajfa-10600	123	2	value	value	NOUN
ajfa-10600	123	3	of	of	ADP
ajfa-10600	123	4	noi	noi	PROPN
ajfa-10600	123	5	is	be	AUX
ajfa-10600	123	6	rs.0.008	rs.0.008	NOUN
ajfa-10600	123	7	billion	billion	NUM
ajfa-10600	123	8	which	which	PRON
ajfa-10600	123	9	shows	show	VERB
ajfa-10600	123	10	the	the	DET
ajfa-10600	123	11	firms	firm	NOUN
ajfa-10600	123	12	average	average	ADJ
ajfa-10600	123	13	profit	profit	NOUN
ajfa-10600	123	14	after	after	ADP
ajfa-10600	123	15	taxation	taxation	NOUN
ajfa-10600	123	16	.	.	PUNCT
ajfa-10600	124	1	average	average	ADJ
ajfa-10600	124	2	value	value	NOUN
ajfa-10600	124	3	roa	roa	NOUN
ajfa-10600	124	4	is	be	AUX
ajfa-10600	124	5	6.64	6.64	NUM
ajfa-10600	124	6	with	with	ADP
ajfa-10600	124	7	standard	standard	ADJ
ajfa-10600	124	8	deviation	deviation	NOUN
ajfa-10600	124	9	11.46.the	11.46.the	DET
ajfa-10600	124	10	mean	mean	NOUN
ajfa-10600	124	11	for	for	ADP
ajfa-10600	124	12	dependent	dependent	ADJ
ajfa-10600	124	13	variable	variable	ADJ
ajfa-10600	124	14	roe	roe	NOUN
ajfa-10600	124	15	is	be	AUX
ajfa-10600	124	16	24.20	24.20	NUM
ajfa-10600	124	17	,	,	PUNCT
ajfa-10600	124	18	the	the	DET
ajfa-10600	124	19	standard	standard	ADJ
ajfa-10600	124	20	deviation	deviation	NOUN
ajfa-10600	124	21	is	be	AUX
ajfa-10600	124	22	207	207	NUM
ajfa-10600	124	23	which	which	PRON
ajfa-10600	124	24	is	be	AUX
ajfa-10600	124	25	higher	high	ADJ
ajfa-10600	124	26	as	as	SCONJ
ajfa-10600	124	27	compare	compare	ADJ
ajfa-10600	124	28	to	to	ADP
ajfa-10600	124	29	roa	roa	NOUN
ajfa-10600	124	30	;	;	PUNCT
ajfa-10600	124	31	it	it	PRON
ajfa-10600	124	32	shows	show	VERB
ajfa-10600	124	33	values	value	NOUN
ajfa-10600	124	34	are	be	AUX
ajfa-10600	124	35	not	not	PART
ajfa-10600	124	36	close	close	ADJ
ajfa-10600	124	37	to	to	PART
ajfa-10600	124	38	mean	mean	VERB
ajfa-10600	124	39	due	due	ADP
ajfa-10600	124	40	to	to	ADP
ajfa-10600	124	41	different	different	ADJ
ajfa-10600	124	42	pattern	pattern	NOUN
ajfa-10600	124	43	of	of	ADP
ajfa-10600	124	44	investment	investment	NOUN
ajfa-10600	124	45	and	and	CCONJ
ajfa-10600	124	46	capital	capital	NOUN
ajfa-10600	124	47	structure	structure	NOUN
ajfa-10600	124	48	of	of	ADP
ajfa-10600	124	49	different	different	ADJ
ajfa-10600	124	50	firms	firm	NOUN
ajfa-10600	124	51	.	.	PUNCT
ajfa-10600	125	1	mean	mean	ADJ
ajfa-10600	125	2	value	value	NOUN
ajfa-10600	125	3	of	of	ADP
ajfa-10600	125	4	cash	cash	NOUN
ajfa-10600	125	5	gap	gap	NOUN
ajfa-10600	125	6	in	in	ADP
ajfa-10600	125	7	days	day	NOUN
ajfa-10600	125	8	is	be	AUX
ajfa-10600	125	9	13.24	13.24	NUM
ajfa-10600	125	10	days	day	NOUN
ajfa-10600	125	11	and	and	CCONJ
ajfa-10600	125	12	its	its	PRON
ajfa-10600	125	13	standard	standard	ADJ
ajfa-10600	125	14	deviation	deviation	NOUN
ajfa-10600	125	15	is	be	AUX
ajfa-10600	125	16	30.24	30.24	NUM
ajfa-10600	125	17	days	day	NOUN
ajfa-10600	125	18	,	,	PUNCT
ajfa-10600	125	19	it	it	PRON
ajfa-10600	125	20	means	mean	VERB
ajfa-10600	125	21	firms	firm	NOUN
ajfa-10600	125	22	average	average	ADJ
ajfa-10600	125	23	length	length	NOUN
ajfa-10600	125	24	of	of	ADP
ajfa-10600	125	25	time	time	NOUN
ajfa-10600	125	26	between	between	ADP
ajfa-10600	125	27	actual	actual	ADJ
ajfa-10600	125	28	cash	cash	NOUN
ajfa-10600	125	29	expenditures	expenditure	NOUN
ajfa-10600	125	30	on	on	ADP
ajfa-10600	125	31	productive	productive	ADJ
ajfa-10600	125	32	resources	resource	NOUN
ajfa-10600	125	33	and	and	CCONJ
ajfa-10600	125	34	actual	actual	ADJ
ajfa-10600	125	35	cash	cash	NOUN
ajfa-10600	125	36	receipts	receipt	NOUN
ajfa-10600	125	37	from	from	ADP
ajfa-10600	125	38	the	the	DET
ajfa-10600	125	39	sale	sale	NOUN
ajfa-10600	125	40	of	of	ADP
ajfa-10600	125	41	products	product	NOUN
ajfa-10600	125	42	or	or	CCONJ
ajfa-10600	125	43	services	service	NOUN
ajfa-10600	125	44	is	be	AUX
ajfa-10600	125	45	13	13	NUM
ajfa-10600	125	46	days	day	NOUN
ajfa-10600	125	47	.	.	PUNCT
ajfa-10600	126	1	current	current	ADJ
ajfa-10600	126	2	ratio	ratio	NOUN
ajfa-10600	126	3	is	be	AUX
ajfa-10600	126	4	a	a	DET
ajfa-10600	126	5	traditional	traditional	ADJ
ajfa-10600	126	6	tool	tool	NOUN
ajfa-10600	126	7	use	use	NOUN
ajfa-10600	126	8	for	for	ADP
ajfa-10600	126	9	measuring	measure	VERB
ajfa-10600	126	10	the	the	DET
ajfa-10600	126	11	liquidity	liquidity	NOUN
ajfa-10600	126	12	.	.	PUNCT
ajfa-10600	127	1	the	the	DET
ajfa-10600	127	2	average	average	ADJ
ajfa-10600	127	3	value	value	NOUN
ajfa-10600	127	4	of	of	ADP
ajfa-10600	127	5	cr	cr	PROPN
ajfa-10600	127	6	is	be	AUX
ajfa-10600	127	7	1.44	1.44	NUM
ajfa-10600	127	8	and	and	CCONJ
ajfa-10600	127	9	standard	standard	ADJ
ajfa-10600	127	10	deviation	deviation	NOUN
ajfa-10600	127	11	is	be	AUX
ajfa-10600	127	12	1.06.the	1.06.the	DET
ajfa-10600	127	13	highest	high	ADJ
ajfa-10600	127	14	value	value	NOUN
ajfa-10600	127	15	of	of	ADP
ajfa-10600	127	16	current	current	ADJ
ajfa-10600	127	17	ratio	ratio	NOUN
ajfa-10600	127	18	for	for	ADP
ajfa-10600	127	19	a	a	DET
ajfa-10600	127	20	company	company	NOUN
ajfa-10600	127	21	in	in	ADP
ajfa-10600	127	22	a	a	DET
ajfa-10600	127	23	particular	particular	ADJ
ajfa-10600	127	24	year	year	NOUN
ajfa-10600	127	25	is	be	AUX
ajfa-10600	127	26	6.87	6.87	NUM
ajfa-10600	127	27	and	and	CCONJ
ajfa-10600	127	28	the	the	DET
ajfa-10600	127	29	minimum	minimum	ADJ
ajfa-10600	127	30	value	value	NOUN
ajfa-10600	127	31	for	for	ADP
ajfa-10600	127	32	a	a	DET
ajfa-10600	127	33	year	year	NOUN
ajfa-10600	127	34	is	be	AUX
ajfa-10600	127	35	0.10	0.10	NUM
ajfa-10600	127	36	.	.	PUNCT
ajfa-10600	128	1	asian	asian	ADJ
ajfa-10600	128	2	journal	journal	PROPN
ajfa-10600	128	3	of	of	ADP
ajfa-10600	128	4	finance	finance	PROPN
ajfa-10600	128	5	&	&	CCONJ
ajfa-10600	128	6	accounting	accounting	PROPN
ajfa-10600	128	7	issn	issn	PROPN
ajfa-10600	128	8	1946	1946	NUM
ajfa-10600	128	9	-	-	PUNCT
ajfa-10600	128	10	052x	052x	PROPN
ajfa-10600	128	11	2017	2017	NUM
ajfa-10600	128	12	,	,	PUNCT
ajfa-10600	128	13	vol	vol	NOUN
ajfa-10600	128	14	.	.	NOUN
ajfa-10600	128	15	9	9	NUM
ajfa-10600	128	16	,	,	PUNCT
ajfa-10600	128	17	no	no	INTJ
ajfa-10600	128	18	.	.	NOUN
ajfa-10600	128	19	1	1	NUM
ajfa-10600	128	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	128	21	61	61	NUM
ajfa-10600	128	22	market	market	NOUN
ajfa-10600	128	23	capitalization	capitalization	NOUN
ajfa-10600	128	24	is	be	AUX
ajfa-10600	128	25	moderating	moderate	VERB
ajfa-10600	128	26	variable	variable	ADJ
ajfa-10600	128	27	which	which	PRON
ajfa-10600	128	28	is	be	AUX
ajfa-10600	128	29	used	use	VERB
ajfa-10600	128	30	for	for	ADP
ajfa-10600	128	31	measuring	measure	VERB
ajfa-10600	128	32	the	the	DET
ajfa-10600	128	33	size	size	NOUN
ajfa-10600	128	34	of	of	ADP
ajfa-10600	128	35	firms	firm	NOUN
ajfa-10600	128	36	.	.	PUNCT
ajfa-10600	129	1	average	average	ADJ
ajfa-10600	129	2	value	value	NOUN
ajfa-10600	129	3	of	of	ADP
ajfa-10600	129	4	mean	mean	NOUN
ajfa-10600	129	5	is	be	AUX
ajfa-10600	129	6	rs	rs	ADJ
ajfa-10600	129	7	.	.	PUNCT
ajfa-10600	130	1	2.10	2.10	NUM
ajfa-10600	130	2	billion	billion	NUM
ajfa-10600	130	3	and	and	CCONJ
ajfa-10600	130	4	its	its	PRON
ajfa-10600	130	5	deviation	deviation	NOUN
ajfa-10600	130	6	from	from	ADP
ajfa-10600	130	7	its	its	PRON
ajfa-10600	130	8	mean	mean	NOUN
ajfa-10600	130	9	is	be	AUX
ajfa-10600	130	10	3.66	3.66	NUM
ajfa-10600	130	11	.	.	PUNCT
ajfa-10600	131	1	sales	sale	NOUN
ajfa-10600	131	2	and	and	CCONJ
ajfa-10600	131	3	total	total	ADJ
ajfa-10600	131	4	asset	asset	NOUN
ajfa-10600	131	5	are	be	AUX
ajfa-10600	131	6	also	also	ADV
ajfa-10600	131	7	used	use	VERB
ajfa-10600	131	8	as	as	ADP
ajfa-10600	131	9	moderating	moderate	VERB
ajfa-10600	131	10	variables	variable	NOUN
ajfa-10600	131	11	in	in	ADP
ajfa-10600	131	12	the	the	DET
ajfa-10600	131	13	study	study	NOUN
ajfa-10600	131	14	.	.	PUNCT
ajfa-10600	132	1	sales	sale	NOUN
ajfa-10600	132	2	and	and	CCONJ
ajfa-10600	132	3	total	total	ADJ
ajfa-10600	132	4	assets	asset	NOUN
ajfa-10600	132	5	are	be	AUX
ajfa-10600	132	6	used	use	VERB
ajfa-10600	132	7	as	as	ADP
ajfa-10600	132	8	proxy	proxy	NOUN
ajfa-10600	132	9	variables	variable	NOUN
ajfa-10600	132	10	for	for	ADP
ajfa-10600	132	11	measuring	measure	VERB
ajfa-10600	132	12	the	the	DET
ajfa-10600	132	13	size	size	NOUN
ajfa-10600	132	14	of	of	ADP
ajfa-10600	132	15	firms	firm	NOUN
ajfa-10600	132	16	.	.	PUNCT
ajfa-10600	133	1	mean	mean	ADJ
ajfa-10600	133	2	value	value	NOUN
ajfa-10600	133	3	of	of	ADP
ajfa-10600	133	4	sales	sale	NOUN
ajfa-10600	133	5	is	be	AUX
ajfa-10600	133	6	rs.0.063	rs.0.063	NUM
ajfa-10600	133	7	billion	billion	NUM
ajfa-10600	133	8	and	and	CCONJ
ajfa-10600	133	9	standard	standard	ADJ
ajfa-10600	133	10	deviation	deviation	NOUN
ajfa-10600	133	11	is	be	AUX
ajfa-10600	133	12	0.201	0.201	NUM
ajfa-10600	133	13	.	.	PUNCT
ajfa-10600	134	1	while	while	SCONJ
ajfa-10600	134	2	mean	mean	NOUN
ajfa-10600	134	3	of	of	ADP
ajfa-10600	134	4	total	total	ADJ
ajfa-10600	134	5	assets	asset	NOUN
ajfa-10600	134	6	is	be	AUX
ajfa-10600	134	7	rs.0.11	rs.0.11	ADJ
ajfa-10600	134	8	billion	billion	NUM
ajfa-10600	134	9	and	and	CCONJ
ajfa-10600	134	10	standard	standard	ADJ
ajfa-10600	134	11	deviation	deviation	NOUN
ajfa-10600	134	12	is	be	AUX
ajfa-10600	134	13	0.498	0.498	NUM
ajfa-10600	134	14	.	.	PUNCT
ajfa-10600	135	1	5.2	5.2	NUM
ajfa-10600	135	2	.	.	PUNCT
ajfa-10600	136	1	correlation	correlation	NOUN
ajfa-10600	136	2	results	result	NOUN
ajfa-10600	136	3	table	table	VERB
ajfa-10600	136	4	3	3	NUM
ajfa-10600	136	5	.	.	PUNCT
ajfa-10600	136	6	correlation	correlation	NOUN
ajfa-10600	136	7	cr	cr	ADP
ajfa-10600	136	8	sales	sales	PROPN
ajfa-10600	136	9	cgs	cgs	PROPN
ajfa-10600	137	1	mc	mc	PROPN
ajfa-10600	137	2	ta	ta	PROPN
ajfa-10600	137	3	noi	noi	PROPN
ajfa-10600	137	4	roa	roa	PROPN
ajfa-10600	137	5	cr	cr	PROPN
ajfa-10600	137	6	1	1	NUM
ajfa-10600	137	7	-.014	-.014	PROPN
ajfa-10600	137	8	(	(	PUNCT
ajfa-10600	137	9	.825	.825	NUM
ajfa-10600	137	10	)	)	PUNCT
ajfa-10600	137	11	-.083	-.083	NOUN
ajfa-10600	137	12	(	(	PUNCT
ajfa-10600	137	13	.192	.192	NUM
ajfa-10600	137	14	)	)	PUNCT
ajfa-10600	137	15	-.039	-.039	NOUN
ajfa-10600	137	16	(	(	PUNCT
ajfa-10600	137	17	.537	.537	NUM
ajfa-10600	137	18	)	)	PUNCT
ajfa-10600	137	19	-.061	-.061	PROPN
ajfa-10600	137	20	(	(	PUNCT
ajfa-10600	137	21	.333	.333	NUM
ajfa-10600	137	22	)	)	PUNCT
ajfa-10600	137	23	.100	.100	NUM
ajfa-10600	137	24	(	(	PUNCT
ajfa-10600	137	25	.116	.116	NUM
ajfa-10600	137	26	)	)	PUNCT
ajfa-10600	137	27	.090	.090	NUM
ajfa-10600	137	28	(	(	PUNCT
ajfa-10600	137	29	.155	.155	NUM
ajfa-10600	137	30	)	)	PUNCT
ajfa-10600	137	31	sales	sale	NOUN
ajfa-10600	137	32	1	1	NUM
ajfa-10600	137	33	-.116	-.116	NOUN
ajfa-10600	137	34	(	(	PUNCT
ajfa-10600	137	35	.067	.067	NUM
ajfa-10600	137	36	)	)	PUNCT
ajfa-10600	137	37	.114	.114	NUM
ajfa-10600	137	38	(	(	PUNCT
ajfa-10600	137	39	.072	.072	NUM
ajfa-10600	137	40	)	)	PUNCT
ajfa-10600	137	41	.911	.911	NUM
ajfa-10600	138	1	*	*	PUNCT
ajfa-10600	138	2	*	*	PUNCT
ajfa-10600	138	3	(	(	PUNCT
ajfa-10600	138	4	.000	.000	NUM
ajfa-10600	138	5	)	)	PUNCT
ajfa-10600	138	6	.231	.231	NUM
ajfa-10600	138	7	*	*	PUNCT
ajfa-10600	138	8	*	*	PUNCT
ajfa-10600	138	9	(	(	PUNCT
ajfa-10600	138	10	.000	.000	NUM
ajfa-10600	138	11	)	)	PUNCT
ajfa-10600	138	12	.143	.143	NUM
ajfa-10600	138	13	*	*	PUNCT
ajfa-10600	138	14	(	(	PUNCT
ajfa-10600	138	15	.024	.024	NUM
ajfa-10600	138	16	)	)	PUNCT
ajfa-10600	138	17	cgs	cgs	NOUN
ajfa-10600	138	18	1	1	NUM
ajfa-10600	138	19	-.345	-.345	PROPN
ajfa-10600	138	20	*	*	PUNCT
ajfa-10600	138	21	*	*	PUNCT
ajfa-10600	138	22	(	(	PUNCT
ajfa-10600	138	23	.000	.000	NUM
ajfa-10600	138	24	)	)	PUNCT
ajfa-10600	139	1	-.145	-.145	NOUN
ajfa-10600	139	2	*	*	PUNCT
ajfa-10600	139	3	(	(	PUNCT
ajfa-10600	139	4	.022	.022	NUM
ajfa-10600	139	5	)	)	PUNCT
ajfa-10600	139	6	.005	.005	NUM
ajfa-10600	139	7	(	(	PUNCT
ajfa-10600	139	8	.938	.938	NUM
ajfa-10600	139	9	)	)	PUNCT
ajfa-10600	140	1	-.047	-.047	PROPN
ajfa-10600	140	2	(	(	PUNCT
ajfa-10600	140	3	.459	.459	NUM
ajfa-10600	140	4	)	)	PUNCT
ajfa-10600	140	5	mc	mc	PROPN
ajfa-10600	140	6	1	1	NUM
ajfa-10600	140	7	.117	.117	NUM
ajfa-10600	140	8	(	(	PUNCT
ajfa-10600	140	9	.064	.064	NUM
ajfa-10600	140	10	)	)	PUNCT
ajfa-10600	140	11	.003	.003	NUM
ajfa-10600	140	12	(	(	PUNCT
ajfa-10600	140	13	.961	.961	NUM
ajfa-10600	140	14	)	)	PUNCT
ajfa-10600	140	15	.125	.125	NUM
ajfa-10600	140	16	*	*	PUNCT
ajfa-10600	140	17	(	(	PUNCT
ajfa-10600	140	18	.048	.048	NUM
ajfa-10600	140	19	)	)	PUNCT
ajfa-10600	140	20	ta	ta	ADP
ajfa-10600	140	21	1	1	NUM
ajfa-10600	140	22	.305	.305	NUM
ajfa-10600	140	23	*	*	PUNCT
ajfa-10600	140	24	*	*	PUNCT
ajfa-10600	140	25	(	(	PUNCT
ajfa-10600	140	26	.000	.000	NUM
ajfa-10600	140	27	)	)	PUNCT
ajfa-10600	141	1	-.011	-.011	NOUN
ajfa-10600	141	2	.(868	.(868	PROPN
ajfa-10600	141	3	)	)	PUNCT
ajfa-10600	141	4	noi	noi	PROPN
ajfa-10600	141	5	1	1	NUM
ajfa-10600	141	6	.119	.119	NUM
ajfa-10600	141	7	(	(	PUNCT
ajfa-10600	141	8	.061	.061	NUM
ajfa-10600	141	9	)	)	PUNCT
ajfa-10600	141	10	roa	roa	NOUN
ajfa-10600	142	1	1	1	NUM
ajfa-10600	142	2	*	*	PUNCT
ajfa-10600	142	3	*	*	PUNCT
ajfa-10600	142	4	correlation	correlation	NOUN
ajfa-10600	142	5	is	be	AUX
ajfa-10600	142	6	significant	significant	ADJ
ajfa-10600	142	7	at	at	ADP
ajfa-10600	142	8	the	the	DET
ajfa-10600	142	9	.0	.0	NUM
ajfa-10600	142	10	l	l	NOUN
ajfa-10600	142	11	level	level	NOUN
ajfa-10600	142	12	(	(	PUNCT
ajfa-10600	142	13	2	2	NUM
ajfa-10600	142	14	-	-	PUNCT
ajfa-10600	142	15	tailed	tailed	ADJ
ajfa-10600	142	16	)	)	PUNCT
ajfa-10600	142	17	*	*	PUNCT
ajfa-10600	143	1	correlation	correlation	NOUN
ajfa-10600	143	2	is	be	AUX
ajfa-10600	143	3	significant	significant	ADJ
ajfa-10600	143	4	at	at	ADP
ajfa-10600	143	5	the	the	DET
ajfa-10600	143	6	.05	.05	NUM
ajfa-10600	143	7	level	level	NOUN
ajfa-10600	143	8	(	(	PUNCT
ajfa-10600	143	9	2	2	NUM
ajfa-10600	143	10	-	-	PUNCT
ajfa-10600	143	11	tailed	tailed	ADJ
ajfa-10600	143	12	)	)	PUNCT
ajfa-10600	143	13	table	table	NOUN
ajfa-10600	143	14	3	3	NUM
ajfa-10600	143	15	shows	show	VERB
ajfa-10600	143	16	correlation	correlation	NOUN
ajfa-10600	143	17	analysis	analysis	NOUN
ajfa-10600	143	18	for	for	ADP
ajfa-10600	143	19	return	return	NOUN
ajfa-10600	143	20	on	on	ADP
ajfa-10600	143	21	assets	asset	NOUN
ajfa-10600	143	22	and	and	CCONJ
ajfa-10600	143	23	net	net	ADJ
ajfa-10600	143	24	operating	operating	NOUN
ajfa-10600	143	25	income	income	NOUN
ajfa-10600	143	26	.	.	PUNCT
ajfa-10600	144	1	return	return	NOUN
ajfa-10600	144	2	on	on	ADP
ajfa-10600	144	3	assets	asset	NOUN
ajfa-10600	144	4	has	have	VERB
ajfa-10600	144	5	weak	weak	ADJ
ajfa-10600	144	6	positive	positive	ADJ
ajfa-10600	144	7	relationship	relationship	NOUN
ajfa-10600	144	8	with	with	ADP
ajfa-10600	144	9	current	current	ADJ
ajfa-10600	144	10	ratio	ratio	NOUN
ajfa-10600	144	11	.	.	PUNCT
ajfa-10600	145	1	the	the	DET
ajfa-10600	145	2	log	log	NOUN
ajfa-10600	145	3	of	of	ADP
ajfa-10600	145	4	sales	sale	NOUN
ajfa-10600	145	5	has	have	VERB
ajfa-10600	145	6	a	a	DET
ajfa-10600	145	7	positive	positive	ADJ
ajfa-10600	145	8	relation	relation	NOUN
ajfa-10600	145	9	with	with	ADP
ajfa-10600	145	10	the	the	DET
ajfa-10600	145	11	profitability	profitability	NOUN
ajfa-10600	145	12	of	of	ADP
ajfa-10600	145	13	the	the	DET
ajfa-10600	145	14	firm	firm	NOUN
ajfa-10600	145	15	.	.	PUNCT
ajfa-10600	146	1	it	it	PRON
ajfa-10600	146	2	implies	imply	VERB
ajfa-10600	146	3	that	that	SCONJ
ajfa-10600	146	4	the	the	DET
ajfa-10600	146	5	size	size	NOUN
ajfa-10600	146	6	is	be	AUX
ajfa-10600	146	7	associated	associate	VERB
ajfa-10600	146	8	with	with	ADP
ajfa-10600	146	9	increase	increase	NOUN
ajfa-10600	146	10	in	in	ADP
ajfa-10600	146	11	the	the	DET
ajfa-10600	146	12	performance	performance	NOUN
ajfa-10600	146	13	of	of	ADP
ajfa-10600	146	14	firm	firm	NOUN
ajfa-10600	146	15	.	.	PUNCT
ajfa-10600	147	1	in	in	ADP
ajfa-10600	147	2	the	the	DET
ajfa-10600	147	3	same	same	ADJ
ajfa-10600	147	4	way	way	NOUN
ajfa-10600	147	5	sales	sale	NOUN
ajfa-10600	147	6	growth	growth	NOUN
ajfa-10600	147	7	is	be	AUX
ajfa-10600	147	8	also	also	ADV
ajfa-10600	147	9	associated	associate	VERB
ajfa-10600	147	10	with	with	ADP
ajfa-10600	147	11	increase	increase	NOUN
ajfa-10600	147	12	in	in	ADP
ajfa-10600	147	13	the	the	DET
ajfa-10600	147	14	profitability	profitability	NOUN
ajfa-10600	147	15	of	of	ADP
ajfa-10600	147	16	the	the	DET
ajfa-10600	147	17	firm	firm	NOUN
ajfa-10600	147	18	because	because	SCONJ
ajfa-10600	147	19	increase	increase	NOUN
ajfa-10600	147	20	in	in	ADP
ajfa-10600	147	21	sales	sale	NOUN
ajfa-10600	147	22	is	be	AUX
ajfa-10600	147	23	associated	associate	VERB
ajfa-10600	147	24	with	with	ADP
ajfa-10600	147	25	increase	increase	NOUN
ajfa-10600	147	26	in	in	ADP
ajfa-10600	147	27	profits	profit	NOUN
ajfa-10600	147	28	.	.	PUNCT
ajfa-10600	148	1	the	the	DET
ajfa-10600	148	2	results	result	NOUN
ajfa-10600	148	3	indicated	indicate	VERB
ajfa-10600	148	4	that	that	SCONJ
ajfa-10600	148	5	there	there	PRON
ajfa-10600	148	6	is	be	VERB
ajfa-10600	148	7	insignificant	insignificant	ADJ
ajfa-10600	148	8	negative	negative	ADJ
ajfa-10600	148	9	correlation	correlation	NOUN
ajfa-10600	148	10	between	between	ADP
ajfa-10600	148	11	the	the	DET
ajfa-10600	148	12	cash	cash	NOUN
ajfa-10600	148	13	gap	gap	NOUN
ajfa-10600	148	14	and	and	CCONJ
ajfa-10600	148	15	return	return	VERB
ajfa-10600	148	16	on	on	ADP
ajfa-10600	148	17	assets	asset	NOUN
ajfa-10600	148	18	.	.	PUNCT
ajfa-10600	149	1	the	the	DET
ajfa-10600	149	2	firms	firm	NOUN
ajfa-10600	149	3	with	with	ADP
ajfa-10600	149	4	shorter	short	ADJ
ajfa-10600	149	5	cash	cash	NOUN
ajfa-10600	149	6	gap	gap	NOUN
ajfa-10600	149	7	are	be	AUX
ajfa-10600	149	8	more	more	ADV
ajfa-10600	149	9	likely	likely	ADJ
ajfa-10600	149	10	to	to	PART
ajfa-10600	149	11	be	be	AUX
ajfa-10600	149	12	more	more	ADV
ajfa-10600	149	13	profitable	profitable	ADJ
ajfa-10600	149	14	than	than	ADP
ajfa-10600	149	15	the	the	DET
ajfa-10600	149	16	firms	firm	NOUN
ajfa-10600	149	17	with	with	ADP
ajfa-10600	149	18	longer	long	ADJ
ajfa-10600	149	19	cash	cash	NOUN
ajfa-10600	149	20	gap	gap	NOUN
ajfa-10600	149	21	.	.	PUNCT
ajfa-10600	150	1	a	a	DET
ajfa-10600	150	2	probable	probable	ADJ
ajfa-10600	150	3	explanation	explanation	NOUN
ajfa-10600	150	4	to	to	ADP
ajfa-10600	150	5	this	this	DET
ajfa-10600	150	6	finding	finding	NOUN
ajfa-10600	150	7	is	be	AUX
ajfa-10600	150	8	that	that	SCONJ
ajfa-10600	150	9	when	when	SCONJ
ajfa-10600	150	10	the	the	DET
ajfa-10600	150	11	cash	cash	NOUN
ajfa-10600	150	12	gap	gap	NOUN
ajfa-10600	150	13	is	be	AUX
ajfa-10600	150	14	relatively	relatively	ADV
ajfa-10600	150	15	shorter	short	ADJ
ajfa-10600	150	16	,	,	PUNCT
ajfa-10600	150	17	the	the	DET
ajfa-10600	150	18	firm	firm	NOUN
ajfa-10600	150	19	does	do	AUX
ajfa-10600	150	20	not	not	PART
ajfa-10600	150	21	need	need	VERB
ajfa-10600	150	22	external	external	ADJ
ajfa-10600	150	23	financing	financing	NOUN
ajfa-10600	150	24	,	,	PUNCT
ajfa-10600	150	25	which	which	PRON
ajfa-10600	150	26	results	result	VERB
ajfa-10600	150	27	in	in	ADP
ajfa-10600	150	28	incurring	incur	VERB
ajfa-10600	150	29	less	less	ADJ
ajfa-10600	150	30	borrowing	borrowing	NOUN
ajfa-10600	150	31	cost	cost	NOUN
ajfa-10600	150	32	.	.	PUNCT
ajfa-10600	151	1	hence	hence	ADV
ajfa-10600	151	2	,	,	PUNCT
ajfa-10600	151	3	profitability	profitability	NOUN
ajfa-10600	151	4	increases	increase	NOUN
ajfa-10600	151	5	.	.	PUNCT
ajfa-10600	152	1	return	return	NOUN
ajfa-10600	152	2	on	on	ADP
ajfa-10600	152	3	assets	asset	NOUN
ajfa-10600	152	4	has	have	VERB
ajfa-10600	152	5	positive	positive	ADJ
ajfa-10600	152	6	significant	significant	ADJ
ajfa-10600	152	7	relationship	relationship	NOUN
ajfa-10600	152	8	with	with	ADP
ajfa-10600	152	9	market	market	NOUN
ajfa-10600	152	10	capitalization	capitalization	NOUN
ajfa-10600	152	11	which	which	PRON
ajfa-10600	152	12	shows	show	VERB
ajfa-10600	152	13	that	that	SCONJ
ajfa-10600	152	14	volume	volume	NOUN
ajfa-10600	152	15	of	of	ADP
ajfa-10600	152	16	shares	share	NOUN
ajfa-10600	152	17	are	be	AUX
ajfa-10600	152	18	increase	increase	VERB
ajfa-10600	152	19	the	the	DET
ajfa-10600	152	20	income	income	NOUN
ajfa-10600	152	21	of	of	ADP
ajfa-10600	152	22	shareholder	shareholder	NOUN
ajfa-10600	152	23	which	which	PRON
ajfa-10600	152	24	leads	lead	VERB
ajfa-10600	152	25	increase	increase	NOUN
ajfa-10600	152	26	in	in	ADP
ajfa-10600	152	27	return	return	NOUN
ajfa-10600	152	28	on	on	ADP
ajfa-10600	152	29	assets	asset	NOUN
ajfa-10600	152	30	while	while	SCONJ
ajfa-10600	152	31	negative	negative	ADJ
ajfa-10600	152	32	relationship	relationship	NOUN
ajfa-10600	152	33	found	find	VERB
ajfa-10600	152	34	with	with	ADP
ajfa-10600	152	35	total	total	ADJ
ajfa-10600	152	36	assets	asset	NOUN
ajfa-10600	152	37	.	.	PUNCT
ajfa-10600	153	1	net	net	ADJ
ajfa-10600	153	2	operating	operating	NOUN
ajfa-10600	153	3	income	income	NOUN
ajfa-10600	153	4	is	be	AUX
ajfa-10600	153	5	positively	positively	ADV
ajfa-10600	153	6	correlated	correlate	VERB
ajfa-10600	153	7	with	with	ADP
ajfa-10600	153	8	current	current	ADJ
ajfa-10600	153	9	ratio	ratio	NOUN
ajfa-10600	153	10	.log	.log	NOUN
ajfa-10600	153	11	of	of	ADP
ajfa-10600	153	12	sales	sale	NOUN
ajfa-10600	153	13	and	and	CCONJ
ajfa-10600	153	14	log	log	NOUN
ajfa-10600	153	15	of	of	ADP
ajfa-10600	153	16	total	total	ADJ
ajfa-10600	153	17	assets	asset	NOUN
ajfa-10600	153	18	have	have	VERB
ajfa-10600	153	19	positive	positive	ADJ
ajfa-10600	153	20	significant	significant	ADJ
ajfa-10600	153	21	relationship	relationship	NOUN
ajfa-10600	153	22	with	with	ADP
ajfa-10600	153	23	net	net	ADJ
ajfa-10600	153	24	operating	operating	NOUN
ajfa-10600	153	25	income	income	NOUN
ajfa-10600	153	26	which	which	PRON
ajfa-10600	153	27	indicates	indicate	VERB
ajfa-10600	153	28	that	that	SCONJ
ajfa-10600	153	29	as	as	ADP
ajfa-10600	153	30	asian	asian	ADJ
ajfa-10600	153	31	journal	journal	NOUN
ajfa-10600	153	32	of	of	ADP
ajfa-10600	153	33	finance	finance	PROPN
ajfa-10600	153	34	&	&	CCONJ
ajfa-10600	153	35	accounting	accounting	PROPN
ajfa-10600	153	36	issn	issn	PROPN
ajfa-10600	153	37	1946	1946	NUM
ajfa-10600	153	38	-	-	PUNCT
ajfa-10600	153	39	052x	052x	PROPN
ajfa-10600	153	40	2017	2017	NUM
ajfa-10600	153	41	,	,	PUNCT
ajfa-10600	153	42	vol	vol	NOUN
ajfa-10600	153	43	.	.	NOUN
ajfa-10600	154	1	9	9	NUM
ajfa-10600	154	2	,	,	PUNCT
ajfa-10600	154	3	no	no	INTJ
ajfa-10600	154	4	.	.	NOUN
ajfa-10600	154	5	1	1	NUM
ajfa-10600	154	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	154	7	62	62	NUM
ajfa-10600	154	8	the	the	DET
ajfa-10600	154	9	size	size	NOUN
ajfa-10600	154	10	of	of	ADP
ajfa-10600	154	11	firms	firm	NOUN
ajfa-10600	154	12	increases	increase	VERB
ajfa-10600	154	13	in	in	ADP
ajfa-10600	154	14	term	term	NOUN
ajfa-10600	154	15	of	of	ADP
ajfa-10600	154	16	sales	sale	NOUN
ajfa-10600	154	17	and	and	CCONJ
ajfa-10600	154	18	assets	asset	NOUN
ajfa-10600	154	19	net	net	ADJ
ajfa-10600	154	20	operating	operating	NOUN
ajfa-10600	154	21	income	income	NOUN
ajfa-10600	154	22	also	also	ADV
ajfa-10600	154	23	increases	increase	VERB
ajfa-10600	154	24	in	in	ADP
ajfa-10600	154	25	same	same	ADJ
ajfa-10600	154	26	direction	direction	NOUN
ajfa-10600	154	27	and	and	CCONJ
ajfa-10600	154	28	vice	vice	NOUN
ajfa-10600	154	29	versa	versa	ADV
ajfa-10600	154	30	.	.	PUNCT
ajfa-10600	155	1	cash	cash	NOUN
ajfa-10600	155	2	gap	gap	NOUN
ajfa-10600	155	3	in	in	ADP
ajfa-10600	155	4	days	day	NOUN
ajfa-10600	155	5	and	and	CCONJ
ajfa-10600	155	6	market	market	NOUN
ajfa-10600	155	7	capitalization	capitalization	NOUN
ajfa-10600	155	8	has	have	VERB
ajfa-10600	155	9	weak	weak	ADJ
ajfa-10600	155	10	positive	positive	ADJ
ajfa-10600	155	11	association	association	NOUN
ajfa-10600	155	12	with	with	ADP
ajfa-10600	155	13	net	net	ADJ
ajfa-10600	155	14	operating	operating	NOUN
ajfa-10600	155	15	income	income	NOUN
ajfa-10600	155	16	.	.	PUNCT
ajfa-10600	156	1	log	log	NOUN
ajfa-10600	156	2	of	of	ADP
ajfa-10600	156	3	sales	sale	NOUN
ajfa-10600	156	4	and	and	CCONJ
ajfa-10600	156	5	log	log	NOUN
ajfa-10600	156	6	of	of	ADP
ajfa-10600	156	7	total	total	ADJ
ajfa-10600	156	8	assets	asset	NOUN
ajfa-10600	156	9	have	have	VERB
ajfa-10600	156	10	strong	strong	ADJ
ajfa-10600	156	11	positive	positive	ADJ
ajfa-10600	156	12	significant	significant	ADJ
ajfa-10600	156	13	relationship	relationship	NOUN
ajfa-10600	156	14	which	which	PRON
ajfa-10600	156	15	illustrate	illustrate	VERB
ajfa-10600	156	16	that	that	SCONJ
ajfa-10600	156	17	these	these	DET
ajfa-10600	156	18	two	two	NUM
ajfa-10600	156	19	variables	variable	NOUN
ajfa-10600	156	20	are	be	AUX
ajfa-10600	156	21	substitute	substitute	NOUN
ajfa-10600	156	22	measures	measure	NOUN
ajfa-10600	156	23	of	of	ADP
ajfa-10600	156	24	size	size	NOUN
ajfa-10600	156	25	.	.	PUNCT
ajfa-10600	157	1	cash	cash	NOUN
ajfa-10600	157	2	gap	gap	NOUN
ajfa-10600	157	3	has	have	VERB
ajfa-10600	157	4	negative	negative	ADJ
ajfa-10600	157	5	significant	significant	ADJ
ajfa-10600	157	6	relationship	relationship	NOUN
ajfa-10600	157	7	with	with	ADP
ajfa-10600	157	8	market	market	NOUN
ajfa-10600	157	9	capitalization	capitalization	NOUN
ajfa-10600	157	10	and	and	CCONJ
ajfa-10600	157	11	total	total	ADJ
ajfa-10600	157	12	assets	asset	NOUN
ajfa-10600	157	13	which	which	PRON
ajfa-10600	157	14	demonstrate	demonstrate	VERB
ajfa-10600	157	15	that	that	SCONJ
ajfa-10600	157	16	as	as	SCONJ
ajfa-10600	157	17	length	length	NOUN
ajfa-10600	157	18	between	between	ADP
ajfa-10600	157	19	actual	actual	ADJ
ajfa-10600	157	20	cash	cash	NOUN
ajfa-10600	157	21	expenditures	expenditure	NOUN
ajfa-10600	157	22	and	and	CCONJ
ajfa-10600	157	23	cash	cash	NOUN
ajfa-10600	157	24	receipts	receipt	NOUN
ajfa-10600	157	25	decreases	decrease	VERB
ajfa-10600	157	26	firms	firm	NOUN
ajfa-10600	157	27	’	’	PART
ajfa-10600	157	28	performance	performance	NOUN
ajfa-10600	157	29	will	will	AUX
ajfa-10600	157	30	increase	increase	VERB
ajfa-10600	157	31	.	.	PUNCT
ajfa-10600	158	1	5.3	5.3	NUM
ajfa-10600	158	2	.	.	PUNCT
ajfa-10600	159	1	regressions	regression	NOUN
ajfa-10600	159	2	analysis	analysis	NOUN
ajfa-10600	159	3	table	table	NOUN
ajfa-10600	159	4	4	4	NUM
ajfa-10600	159	5	.	.	PUNCT
ajfa-10600	159	6	multiple	multiple	ADJ
ajfa-10600	159	7	regression	regression	NOUN
ajfa-10600	159	8	analysis	analysis	NOUN
ajfa-10600	159	9	for	for	ADP
ajfa-10600	159	10	net	net	ADJ
ajfa-10600	159	11	operating	operating	NOUN
ajfa-10600	159	12	income	income	NOUN
ajfa-10600	159	13	coefficient	coefficient	NOUN
ajfa-10600	159	14	std	std	PROPN
ajfa-10600	159	15	.	.	PROPN
ajfa-10600	159	16	error	error	NOUN
ajfa-10600	159	17	t	t	NOUN
ajfa-10600	159	18	-	-	PUNCT
ajfa-10600	159	19	statistic	statistic	NOUN
ajfa-10600	159	20	prob	prob	NOUN
ajfa-10600	159	21	.	.	PUNCT
ajfa-10600	160	1	c	c	PROPN
ajfa-10600	161	1	-1.79e+09	-1.79e+09	NOUN
ajfa-10600	161	2	3.78e+08	3.78e+08	NUM
ajfa-10600	161	3	-4.726277	-4.726277	NOUN
ajfa-10600	161	4	0.0000	0.0000	NUM
ajfa-10600	161	5	cgs	cgs	NOUN
ajfa-10600	161	6	45927095	45927095	NUM
ajfa-10600	161	7	44410686	44410686	NUM
ajfa-10600	161	8	1.034145	1.034145	NUM
ajfa-10600	161	9	0.3021	0.3021	NUM
ajfa-10600	161	10	cr	cr	ADP
ajfa-10600	161	11	96619490	96619490	NUM
ajfa-10600	161	12	42501271	42501271	NUM
ajfa-10600	162	1	2.273332	2.273332	NUM
ajfa-10600	162	2	0.0239	0.0239	NUM
ajfa-10600	162	3	mc	mc	PROPN
ajfa-10600	162	4	-8.74e-05	-8.74e-05	PROPN
ajfa-10600	162	5	0.001304	0.001304	NUM
ajfa-10600	162	6	-0.067030	-0.067030	NOUN
ajfa-10600	162	7	0.9466	0.9466	NUM
ajfa-10600	162	8	sales	sale	NOUN
ajfa-10600	162	9	-1.07e+08	-1.07e+08	PROPN
ajfa-10600	162	10	49779412	49779412	NUM
ajfa-10600	162	11	-2.144693	-2.144693	NOUN
ajfa-10600	162	12	0.0330	0.0330	NUM
ajfa-10600	162	13	ta	ta	ADP
ajfa-10600	162	14	2.06e+08	2.06e+08	NUM
ajfa-10600	162	15	49624137	49624137	NUM
ajfa-10600	162	16	4.147002	4.147002	NUM
ajfa-10600	162	17	0.0000	0.0000	NUM
ajfa-10600	162	18	r	r	NOUN
ajfa-10600	162	19	-	-	PUNCT
ajfa-10600	162	20	squared	square	VERB
ajfa-10600	162	21	0.127317	0.127317	NUM
ajfa-10600	162	22	adjusted	adjust	VERB
ajfa-10600	162	23	r2	r2	NOUN
ajfa-10600	162	24	0.109434	0.109434	NUM
ajfa-10600	162	25	durbin	durbin	NOUN
ajfa-10600	162	26	-	-	PUNCT
ajfa-10600	162	27	watson	watson	NOUN
ajfa-10600	162	28	1.784227	1.784227	NUM
ajfa-10600	162	29	f	f	X
ajfa-10600	162	30	-	-	PUNCT
ajfa-10600	162	31	statistic	statistic	ADJ
ajfa-10600	162	32	7.119484	7.119484	NUM
ajfa-10600	162	33	prob(f	prob(f	NOUN
ajfa-10600	162	34	-	-	PUNCT
ajfa-10600	162	35	statistic	statistic	NOUN
ajfa-10600	162	36	)	)	PUNCT
ajfa-10600	162	37	0.000003	0.000003	NUM
ajfa-10600	162	38	table	table	NOUN
ajfa-10600	162	39	4	4	NUM
ajfa-10600	162	40	shows	show	VERB
ajfa-10600	162	41	multiple	multiple	ADJ
ajfa-10600	162	42	regression	regression	NOUN
ajfa-10600	162	43	analysis	analysis	NOUN
ajfa-10600	162	44	of	of	ADP
ajfa-10600	162	45	independent	independent	ADJ
ajfa-10600	162	46	variables	variable	NOUN
ajfa-10600	162	47	and	and	CCONJ
ajfa-10600	162	48	control	control	VERB
ajfa-10600	162	49	variables	variable	NOUN
ajfa-10600	162	50	on	on	ADP
ajfa-10600	162	51	dependent	dependent	ADJ
ajfa-10600	162	52	variable	variable	NOUN
ajfa-10600	162	53	i.e.	i.e.	X
ajfa-10600	162	54	,	,	PUNCT
ajfa-10600	162	55	net	net	ADJ
ajfa-10600	162	56	operating	operating	NOUN
ajfa-10600	162	57	income	income	NOUN
ajfa-10600	162	58	used	use	VERB
ajfa-10600	162	59	as	as	ADP
ajfa-10600	162	60	proxy	proxy	NOUN
ajfa-10600	162	61	of	of	ADP
ajfa-10600	162	62	profitability	profitability	NOUN
ajfa-10600	162	63	.	.	PUNCT
ajfa-10600	163	1	the	the	DET
ajfa-10600	163	2	coefficient	coefficient	NOUN
ajfa-10600	163	3	of	of	ADP
ajfa-10600	163	4	the	the	DET
ajfa-10600	163	5	current	current	ADJ
ajfa-10600	163	6	ratio	ratio	NOUN
ajfa-10600	163	7	variable	variable	NOUN
ajfa-10600	163	8	is	be	AUX
ajfa-10600	163	9	positive	positive	ADJ
ajfa-10600	163	10	and	and	CCONJ
ajfa-10600	163	11	significant	significant	ADJ
ajfa-10600	163	12	,	,	PUNCT
ajfa-10600	163	13	implies	imply	VERB
ajfa-10600	163	14	that	that	SCONJ
ajfa-10600	163	15	an	an	DET
ajfa-10600	163	16	increase	increase	NOUN
ajfa-10600	163	17	in	in	ADP
ajfa-10600	163	18	the	the	DET
ajfa-10600	163	19	current	current	ADJ
ajfa-10600	163	20	ratio	ratio	NOUN
ajfa-10600	163	21	by	by	ADP
ajfa-10600	163	22	1	1	NUM
ajfa-10600	163	23	unit	unit	NOUN
ajfa-10600	163	24	is	be	AUX
ajfa-10600	163	25	associated	associate	VERB
ajfa-10600	163	26	with	with	ADP
ajfa-10600	163	27	an	an	DET
ajfa-10600	163	28	increase	increase	NOUN
ajfa-10600	163	29	in	in	ADP
ajfa-10600	163	30	net	net	ADJ
ajfa-10600	163	31	operating	operating	NOUN
ajfa-10600	163	32	income	income	NOUN
ajfa-10600	163	33	96619490	96619490	NUM
ajfa-10600	163	34	unit	unit	NOUN
ajfa-10600	163	35	.	.	PUNCT
ajfa-10600	164	1	significant	significant	ADJ
ajfa-10600	164	2	positive	positive	ADJ
ajfa-10600	164	3	coefficient	coefficient	NOUN
ajfa-10600	164	4	of	of	ADP
ajfa-10600	164	5	current	current	ADJ
ajfa-10600	164	6	ratio	ratio	NOUN
ajfa-10600	164	7	shows	show	VERB
ajfa-10600	164	8	that	that	SCONJ
ajfa-10600	164	9	as	as	SCONJ
ajfa-10600	164	10	firms	firm	NOUN
ajfa-10600	164	11	improve	improve	VERB
ajfa-10600	164	12	in	in	ADP
ajfa-10600	164	13	managing	manage	VERB
ajfa-10600	164	14	their	their	PRON
ajfa-10600	164	15	short	short	ADJ
ajfa-10600	164	16	term	term	NOUN
ajfa-10600	164	17	obligations	obligation	NOUN
ajfa-10600	164	18	it	it	PRON
ajfa-10600	164	19	has	have	VERB
ajfa-10600	164	20	positive	positive	ADJ
ajfa-10600	164	21	impact	impact	NOUN
ajfa-10600	164	22	on	on	ADP
ajfa-10600	164	23	the	the	DET
ajfa-10600	164	24	firm	firm	NOUN
ajfa-10600	164	25	’s	’s	PART
ajfa-10600	164	26	profitability	profitability	NOUN
ajfa-10600	164	27	.	.	PUNCT
ajfa-10600	165	1	the	the	DET
ajfa-10600	165	2	results	result	NOUN
ajfa-10600	165	3	are	be	AUX
ajfa-10600	165	4	contradicted	contradict	VERB
ajfa-10600	165	5	with	with	ADP
ajfa-10600	165	6	(	(	PUNCT
ajfa-10600	165	7	rehaman	rehaman	NOUN
ajfa-10600	165	8	and	and	CCONJ
ajfa-10600	165	9	nasar	nasar	PROPN
ajfa-10600	165	10	,	,	PUNCT
ajfa-10600	165	11	2007	2007	NUM
ajfa-10600	165	12	)	)	PUNCT
ajfa-10600	165	13	who	who	PRON
ajfa-10600	165	14	found	find	VERB
ajfa-10600	165	15	negative	negative	ADJ
ajfa-10600	165	16	significant	significant	ADJ
ajfa-10600	165	17	relationship	relationship	NOUN
ajfa-10600	165	18	between	between	ADP
ajfa-10600	165	19	current	current	ADJ
ajfa-10600	165	20	ratio	ratio	NOUN
ajfa-10600	165	21	and	and	CCONJ
ajfa-10600	165	22	profitability	profitability	NOUN
ajfa-10600	165	23	.	.	PUNCT
ajfa-10600	166	1	this	this	DET
ajfa-10600	166	2	finding	finding	NOUN
ajfa-10600	166	3	rejects	reject	VERB
ajfa-10600	166	4	the	the	DET
ajfa-10600	166	5	hypothesis	hypothesis	NOUN
ajfa-10600	166	6	(	(	PUNCT
ajfa-10600	166	7	h1	h1	PROPN
ajfa-10600	166	8	)	)	PUNCT
ajfa-10600	166	9	that	that	SCONJ
ajfa-10600	166	10	there	there	PRON
ajfa-10600	166	11	is	be	VERB
ajfa-10600	166	12	negative	negative	ADJ
ajfa-10600	166	13	relationship	relationship	NOUN
ajfa-10600	166	14	between	between	ADP
ajfa-10600	166	15	current	current	ADJ
ajfa-10600	166	16	liquidity	liquidity	NOUN
ajfa-10600	166	17	and	and	CCONJ
ajfa-10600	166	18	profitability	profitability	NOUN
ajfa-10600	166	19	.	.	PUNCT
ajfa-10600	167	1	the	the	DET
ajfa-10600	167	2	natural	natural	ADJ
ajfa-10600	167	3	logarithm	logarithm	NOUN
ajfa-10600	167	4	of	of	ADP
ajfa-10600	167	5	sales	sale	NOUN
ajfa-10600	167	6	is	be	AUX
ajfa-10600	167	7	used	use	VERB
ajfa-10600	167	8	for	for	ADP
ajfa-10600	167	9	size	size	NOUN
ajfa-10600	167	10	in	in	ADP
ajfa-10600	167	11	the	the	DET
ajfa-10600	167	12	regression	regression	NOUN
ajfa-10600	167	13	model	model	NOUN
ajfa-10600	167	14	as	as	SCONJ
ajfa-10600	167	15	this	this	DET
ajfa-10600	167	16	log	log	NOUN
ajfa-10600	167	17	transformation	transformation	NOUN
ajfa-10600	167	18	reduces	reduce	VERB
ajfa-10600	167	19	the	the	DET
ajfa-10600	167	20	hetroskedasticity	hetroskedasticity	NOUN
ajfa-10600	167	21	and	and	CCONJ
ajfa-10600	167	22	influences	influence	NOUN
ajfa-10600	167	23	of	of	ADP
ajfa-10600	167	24	outliers	outlier	NOUN
ajfa-10600	167	25	in	in	ADP
ajfa-10600	167	26	the	the	DET
ajfa-10600	167	27	regression	regression	NOUN
ajfa-10600	167	28	model	model	NOUN
ajfa-10600	167	29	.	.	PUNCT
ajfa-10600	168	1	coefficient	coefficient	NOUN
ajfa-10600	168	2	of	of	ADP
ajfa-10600	168	3	cr	cr	PROPN
ajfa-10600	168	4	is	be	AUX
ajfa-10600	168	5	positive	positive	ADJ
ajfa-10600	168	6	while	while	SCONJ
ajfa-10600	168	7	coefficient	coefficient	NOUN
ajfa-10600	168	8	of	of	ADP
ajfa-10600	168	9	cash	cash	NOUN
ajfa-10600	168	10	gap	gap	NOUN
ajfa-10600	168	11	is	be	AUX
ajfa-10600	168	12	a	a	DET
ajfa-10600	168	13	negative	negative	ADJ
ajfa-10600	168	14	,	,	PUNCT
ajfa-10600	168	15	but	but	CCONJ
ajfa-10600	168	16	are	be	AUX
ajfa-10600	168	17	insignificant	insignificant	ADJ
ajfa-10600	168	18	and	and	CCONJ
ajfa-10600	168	19	so	so	ADV
ajfa-10600	168	20	is	be	AUX
ajfa-10600	168	21	logs	log	NOUN
ajfa-10600	168	22	.	.	PUNCT
ajfa-10600	169	1	this	this	PRON
ajfa-10600	169	2	indicates	indicate	VERB
ajfa-10600	169	3	that	that	SCONJ
ajfa-10600	169	4	when	when	SCONJ
ajfa-10600	169	5	liquidity	liquidity	NOUN
ajfa-10600	169	6	levels	level	NOUN
ajfa-10600	169	7	are	be	AUX
ajfa-10600	169	8	low	low	ADJ
ajfa-10600	169	9	,	,	PUNCT
ajfa-10600	169	10	denoted	denote	VERB
ajfa-10600	169	11	by	by	ADP
ajfa-10600	169	12	insignificant	insignificant	ADJ
ajfa-10600	169	13	cash	cash	NOUN
ajfa-10600	169	14	gap	gap	NOUN
ajfa-10600	169	15	,	,	PUNCT
ajfa-10600	169	16	the	the	DET
ajfa-10600	169	17	effect	effect	NOUN
ajfa-10600	169	18	on	on	ADP
ajfa-10600	169	19	profitability	profitability	NOUN
ajfa-10600	169	20	is	be	AUX
ajfa-10600	169	21	not	not	PART
ajfa-10600	169	22	significant	significant	ADJ
ajfa-10600	169	23	.	.	PUNCT
ajfa-10600	170	1	this	this	DET
ajfa-10600	170	2	effect	effect	NOUN
ajfa-10600	170	3	is	be	AUX
ajfa-10600	170	4	multiplied	multiply	VERB
ajfa-10600	170	5	when	when	SCONJ
ajfa-10600	170	6	the	the	DET
ajfa-10600	170	7	company	company	NOUN
ajfa-10600	170	8	size	size	NOUN
ajfa-10600	170	9	is	be	AUX
ajfa-10600	170	10	large	large	ADJ
ajfa-10600	170	11	,	,	PUNCT
ajfa-10600	170	12	evidenced	evidence	VERB
ajfa-10600	170	13	by	by	ADP
ajfa-10600	170	14	the	the	DET
ajfa-10600	170	15	significant	significant	ADJ
ajfa-10600	170	16	negative	negative	ADJ
ajfa-10600	170	17	coefficients	coefficient	NOUN
ajfa-10600	170	18	of	of	ADP
ajfa-10600	170	19	logs	log	NOUN
ajfa-10600	170	20	.	.	PUNCT
ajfa-10600	171	1	results	result	NOUN
ajfa-10600	171	2	are	be	AUX
ajfa-10600	171	3	consistent	consistent	ADJ
ajfa-10600	171	4	with	with	ADP
ajfa-10600	171	5	eljelly	eljelly	ADV
ajfa-10600	171	6	(	(	PUNCT
ajfa-10600	171	7	2004	2004	NUM
ajfa-10600	171	8	)	)	PUNCT
ajfa-10600	171	9	.	.	PUNCT
ajfa-10600	172	1	asian	asian	ADJ
ajfa-10600	172	2	journal	journal	PROPN
ajfa-10600	172	3	of	of	ADP
ajfa-10600	172	4	finance	finance	PROPN
ajfa-10600	172	5	&	&	CCONJ
ajfa-10600	172	6	accounting	accounting	PROPN
ajfa-10600	172	7	issn	issn	PROPN
ajfa-10600	172	8	1946	1946	NUM
ajfa-10600	172	9	-	-	PUNCT
ajfa-10600	172	10	052x	052x	PROPN
ajfa-10600	172	11	2017	2017	NUM
ajfa-10600	172	12	,	,	PUNCT
ajfa-10600	172	13	vol	vol	NOUN
ajfa-10600	172	14	.	.	NOUN
ajfa-10600	172	15	9	9	NUM
ajfa-10600	172	16	,	,	PUNCT
ajfa-10600	172	17	no	no	INTJ
ajfa-10600	172	18	.	.	NOUN
ajfa-10600	172	19	1	1	NUM
ajfa-10600	172	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	172	21	63	63	NUM
ajfa-10600	172	22	total	total	ADJ
ajfa-10600	172	23	assets	asset	NOUN
ajfa-10600	172	24	has	have	VERB
ajfa-10600	172	25	positive	positive	ADJ
ajfa-10600	172	26	coefficient	coefficient	NOUN
ajfa-10600	172	27	and	and	CCONJ
ajfa-10600	172	28	highly	highly	ADV
ajfa-10600	172	29	significant	significant	ADJ
ajfa-10600	172	30	which	which	PRON
ajfa-10600	172	31	shows	show	VERB
ajfa-10600	172	32	that	that	SCONJ
ajfa-10600	172	33	total	total	ADJ
ajfa-10600	172	34	assets	asset	NOUN
ajfa-10600	172	35	has	have	VERB
ajfa-10600	172	36	great	great	ADJ
ajfa-10600	172	37	significance	significance	NOUN
ajfa-10600	172	38	in	in	ADP
ajfa-10600	172	39	firm	firm	NOUN
ajfa-10600	172	40	’s	’s	PART
ajfa-10600	172	41	profitability	profitability	NOUN
ajfa-10600	172	42	.	.	PUNCT
ajfa-10600	173	1	size	size	NOUN
ajfa-10600	173	2	is	be	AUX
ajfa-10600	173	3	positively	positively	ADV
ajfa-10600	173	4	related	relate	VERB
ajfa-10600	173	5	to	to	ADP
ajfa-10600	173	6	profitability	profitability	NOUN
ajfa-10600	173	7	and	and	CCONJ
ajfa-10600	173	8	is	be	AUX
ajfa-10600	173	9	significant	significant	ADJ
ajfa-10600	173	10	which	which	PRON
ajfa-10600	173	11	suggests	suggest	VERB
ajfa-10600	173	12	that	that	SCONJ
ajfa-10600	173	13	larger	large	ADJ
ajfa-10600	173	14	size	size	NOUN
ajfa-10600	173	15	seems	seem	VERB
ajfa-10600	173	16	to	to	PART
ajfa-10600	173	17	favor	favor	VERB
ajfa-10600	173	18	the	the	DET
ajfa-10600	173	19	generation	generation	NOUN
ajfa-10600	173	20	of	of	ADP
ajfa-10600	173	21	profitability	profitability	NOUN
ajfa-10600	173	22	therefore	therefore	ADV
ajfa-10600	173	23	larger	large	ADJ
ajfa-10600	173	24	firms	firm	NOUN
ajfa-10600	173	25	are	be	AUX
ajfa-10600	173	26	more	more	ADV
ajfa-10600	173	27	profitable	profitable	ADJ
ajfa-10600	173	28	.	.	PUNCT
ajfa-10600	174	1	results	result	NOUN
ajfa-10600	174	2	indicate	indicate	VERB
ajfa-10600	174	3	that	that	SCONJ
ajfa-10600	174	4	1	1	NUM
ajfa-10600	174	5	%	%	NOUN
ajfa-10600	174	6	change	change	NOUN
ajfa-10600	174	7	in	in	ADP
ajfa-10600	174	8	total	total	ADJ
ajfa-10600	174	9	assets	asset	NOUN
ajfa-10600	174	10	leads	lead	VERB
ajfa-10600	174	11	to	to	ADP
ajfa-10600	174	12	2.6	2.6	NUM
ajfa-10600	174	13	%	%	NOUN
ajfa-10600	174	14	unit	unit	NOUN
ajfa-10600	174	15	change	change	NOUN
ajfa-10600	174	16	in	in	ADP
ajfa-10600	174	17	profitability	profitability	NOUN
ajfa-10600	174	18	of	of	ADP
ajfa-10600	174	19	firms	firm	NOUN
ajfa-10600	174	20	.	.	PUNCT
ajfa-10600	175	1	this	this	DET
ajfa-10600	175	2	finding	find	VERB
ajfa-10600	175	3	support	support	NOUN
ajfa-10600	175	4	(	(	PUNCT
ajfa-10600	175	5	h2	h2	NOUN
ajfa-10600	175	6	)	)	PUNCT
ajfa-10600	175	7	that	that	SCONJ
ajfa-10600	175	8	there	there	PRON
ajfa-10600	175	9	exists	exist	VERB
ajfa-10600	175	10	a	a	DET
ajfa-10600	175	11	positive	positive	ADJ
ajfa-10600	175	12	relation	relation	NOUN
ajfa-10600	175	13	between	between	ADP
ajfa-10600	175	14	the	the	DET
ajfa-10600	175	15	company	company	NOUN
ajfa-10600	175	16	size	size	NOUN
ajfa-10600	175	17	and	and	CCONJ
ajfa-10600	175	18	its	its	PRON
ajfa-10600	175	19	profitability	profitability	NOUN
ajfa-10600	175	20	.	.	PUNCT
ajfa-10600	176	1	the	the	DET
ajfa-10600	176	2	value	value	NOUN
ajfa-10600	176	3	of	of	ADP
ajfa-10600	176	4	f	f	PROPN
ajfa-10600	176	5	statistics	statistics	PROPN
ajfa-10600	176	6	is	be	AUX
ajfa-10600	176	7	7.11	7.11	NUM
ajfa-10600	176	8	which	which	PRON
ajfa-10600	176	9	are	be	AUX
ajfa-10600	176	10	significant	significant	ADJ
ajfa-10600	176	11	endorsing	endorse	VERB
ajfa-10600	176	12	the	the	DET
ajfa-10600	176	13	validity	validity	NOUN
ajfa-10600	176	14	and	and	CCONJ
ajfa-10600	176	15	stability	stability	NOUN
ajfa-10600	176	16	of	of	ADP
ajfa-10600	176	17	the	the	DET
ajfa-10600	176	18	model	model	NOUN
ajfa-10600	176	19	relevant	relevant	ADJ
ajfa-10600	176	20	for	for	ADP
ajfa-10600	176	21	the	the	DET
ajfa-10600	176	22	study	study	NOUN
ajfa-10600	176	23	.	.	PUNCT
ajfa-10600	177	1	the	the	DET
ajfa-10600	177	2	value	value	NOUN
ajfa-10600	177	3	of	of	ADP
ajfa-10600	177	4	durbin	durbin	NOUN
ajfa-10600	177	5	-	-	PUNCT
ajfa-10600	177	6	watson	watson	PROPN
ajfa-10600	177	7	is	be	AUX
ajfa-10600	177	8	near	near	ADP
ajfa-10600	177	9	about	about	ADV
ajfa-10600	177	10	2	2	NUM
ajfa-10600	177	11	which	which	PRON
ajfa-10600	177	12	show	show	VERB
ajfa-10600	177	13	that	that	SCONJ
ajfa-10600	177	14	there	there	PRON
ajfa-10600	177	15	is	be	VERB
ajfa-10600	177	16	not	not	PART
ajfa-10600	177	17	a	a	DET
ajfa-10600	177	18	problem	problem	NOUN
ajfa-10600	177	19	of	of	ADP
ajfa-10600	177	20	autocorrelation	autocorrelation	NOUN
ajfa-10600	177	21	exits	exit	VERB
ajfa-10600	177	22	among	among	ADP
ajfa-10600	177	23	independent	independent	ADJ
ajfa-10600	177	24	variables	variable	NOUN
ajfa-10600	177	25	.	.	PUNCT
ajfa-10600	178	1	table	table	NOUN
ajfa-10600	178	2	5	5	NUM
ajfa-10600	178	3	shows	show	VERB
ajfa-10600	178	4	multiple	multiple	ADJ
ajfa-10600	178	5	regression	regression	NOUN
ajfa-10600	178	6	analysis	analysis	NOUN
ajfa-10600	178	7	with	with	ADP
ajfa-10600	178	8	dependent	dependent	ADJ
ajfa-10600	178	9	variable	variable	ADJ
ajfa-10600	178	10	return	return	NOUN
ajfa-10600	178	11	on	on	ADP
ajfa-10600	178	12	assets	asset	NOUN
ajfa-10600	178	13	.	.	PUNCT
ajfa-10600	179	1	the	the	DET
ajfa-10600	179	2	results	result	NOUN
ajfa-10600	179	3	shows	show	VERB
ajfa-10600	179	4	that	that	SCONJ
ajfa-10600	179	5	r	r	NOUN
ajfa-10600	179	6	square	square	NOUN
ajfa-10600	179	7	of	of	ADP
ajfa-10600	179	8	model	model	NOUN
ajfa-10600	179	9	is	be	AUX
ajfa-10600	179	10	.15	.15	NUM
ajfa-10600	179	11	for	for	ADP
ajfa-10600	179	12	return	return	NOUN
ajfa-10600	179	13	on	on	ADP
ajfa-10600	179	14	asset	asset	NOUN
ajfa-10600	179	15	which	which	PRON
ajfa-10600	179	16	endorse	endorse	VERB
ajfa-10600	179	17	that	that	SCONJ
ajfa-10600	179	18	only	only	ADV
ajfa-10600	179	19	15	15	NUM
ajfa-10600	179	20	%	%	NOUN
ajfa-10600	179	21	variation	variation	NOUN
ajfa-10600	179	22	are	be	AUX
ajfa-10600	179	23	explained	explain	VERB
ajfa-10600	179	24	by	by	ADP
ajfa-10600	179	25	the	the	DET
ajfa-10600	179	26	explanatory	explanatory	ADJ
ajfa-10600	179	27	variables	variable	NOUN
ajfa-10600	179	28	of	of	ADP
ajfa-10600	179	29	models	model	NOUN
ajfa-10600	179	30	the	the	DET
ajfa-10600	179	31	value	value	NOUN
ajfa-10600	179	32	of	of	ADP
ajfa-10600	179	33	f	f	PROPN
ajfa-10600	179	34	statistics	statistics	PROPN
ajfa-10600	179	35	is	be	AUX
ajfa-10600	179	36	7.43	7.43	NUM
ajfa-10600	179	37	being	be	AUX
ajfa-10600	179	38	significant	significant	ADJ
ajfa-10600	179	39	.	.	PUNCT
ajfa-10600	180	1	the	the	DET
ajfa-10600	180	2	value	value	NOUN
ajfa-10600	180	3	of	of	ADP
ajfa-10600	180	4	durbin	durbin	NOUN
ajfa-10600	180	5	-	-	PUNCT
ajfa-10600	180	6	watson	watson	NOUN
ajfa-10600	180	7	is	be	AUX
ajfa-10600	180	8	1.77	1.77	NUM
ajfa-10600	180	9	which	which	PRON
ajfa-10600	180	10	shows	show	VERB
ajfa-10600	180	11	that	that	SCONJ
ajfa-10600	180	12	autocorrelation	autocorrelation	NOUN
ajfa-10600	180	13	problem	problem	NOUN
ajfa-10600	180	14	does	do	AUX
ajfa-10600	180	15	not	not	PART
ajfa-10600	180	16	exist	exist	VERB
ajfa-10600	180	17	among	among	ADP
ajfa-10600	180	18	independent	independent	ADJ
ajfa-10600	180	19	variables	variable	NOUN
ajfa-10600	180	20	.	.	PUNCT
ajfa-10600	181	1	table	table	NOUN
ajfa-10600	181	2	5	5	NUM
ajfa-10600	181	3	.	.	PUNCT
ajfa-10600	181	4	multiple	multiple	ADJ
ajfa-10600	181	5	regression	regression	NOUN
ajfa-10600	181	6	analysis	analysis	NOUN
ajfa-10600	181	7	for	for	ADP
ajfa-10600	181	8	return	return	NOUN
ajfa-10600	181	9	on	on	ADP
ajfa-10600	181	10	assets	asset	NOUN
ajfa-10600	181	11	results	result	NOUN
ajfa-10600	181	12	indicate	indicate	VERB
ajfa-10600	181	13	that	that	SCONJ
ajfa-10600	181	14	current	current	ADJ
ajfa-10600	181	15	ratio	ratio	NOUN
ajfa-10600	181	16	and	and	CCONJ
ajfa-10600	181	17	cash	cash	NOUN
ajfa-10600	181	18	gap	gap	NOUN
ajfa-10600	181	19	has	have	VERB
ajfa-10600	181	20	insignificant	insignificant	ADJ
ajfa-10600	181	21	coefficients	coefficient	NOUN
ajfa-10600	181	22	.	.	PUNCT
ajfa-10600	182	1	log	log	NOUN
ajfa-10600	182	2	of	of	ADP
ajfa-10600	182	3	sales	sale	NOUN
ajfa-10600	182	4	and	and	CCONJ
ajfa-10600	182	5	log	log	VERB
ajfa-10600	182	6	total	total	ADJ
ajfa-10600	182	7	assets	asset	NOUN
ajfa-10600	182	8	are	be	AUX
ajfa-10600	182	9	highly	highly	ADV
ajfa-10600	182	10	significant	significant	ADJ
ajfa-10600	182	11	with	with	ADP
ajfa-10600	182	12	return	return	NOUN
ajfa-10600	182	13	on	on	ADP
ajfa-10600	182	14	assets	asset	NOUN
ajfa-10600	182	15	.	.	PUNCT
ajfa-10600	183	1	it	it	PRON
ajfa-10600	183	2	endorse	endorse	VERB
ajfa-10600	183	3	that	that	SCONJ
ajfa-10600	183	4	with	with	ADP
ajfa-10600	183	5	increase	increase	NOUN
ajfa-10600	183	6	in	in	ADP
ajfa-10600	183	7	size	size	NOUN
ajfa-10600	183	8	of	of	ADP
ajfa-10600	183	9	firms	firm	NOUN
ajfa-10600	183	10	has	have	VERB
ajfa-10600	183	11	positive	positive	ADJ
ajfa-10600	183	12	impact	impact	NOUN
ajfa-10600	183	13	on	on	ADP
ajfa-10600	183	14	firm	firm	NOUN
ajfa-10600	183	15	’s	’s	PART
ajfa-10600	183	16	ability	ability	NOUN
ajfa-10600	183	17	to	to	PART
ajfa-10600	183	18	utilize	utilize	VERB
ajfa-10600	183	19	its	its	PRON
ajfa-10600	183	20	assets	asset	NOUN
ajfa-10600	183	21	to	to	PART
ajfa-10600	183	22	create	create	VERB
ajfa-10600	183	23	profits	profit	NOUN
ajfa-10600	183	24	by	by	ADP
ajfa-10600	183	25	comparing	compare	VERB
ajfa-10600	183	26	profits	profit	NOUN
ajfa-10600	183	27	with	with	ADP
ajfa-10600	183	28	the	the	DET
ajfa-10600	183	29	assets	asset	NOUN
ajfa-10600	183	30	that	that	PRON
ajfa-10600	183	31	generate	generate	VERB
ajfa-10600	183	32	the	the	DET
ajfa-10600	183	33	profits	profit	NOUN
ajfa-10600	183	34	.	.	PUNCT
ajfa-10600	184	1	table	table	NOUN
ajfa-10600	184	2	6	6	NUM
ajfa-10600	184	3	shows	show	VERB
ajfa-10600	184	4	the	the	DET
ajfa-10600	184	5	results	result	NOUN
ajfa-10600	184	6	of	of	ADP
ajfa-10600	184	7	variance	variance	NOUN
ajfa-10600	184	8	inflation	inflation	NOUN
ajfa-10600	184	9	factor	factor	NOUN
ajfa-10600	184	10	and	and	CCONJ
ajfa-10600	184	11	tolerance	tolerance	NOUN
ajfa-10600	184	12	factor	factor	NOUN
ajfa-10600	184	13	.vif	.vif	PRON
ajfa-10600	184	14	ranges	range	VERB
ajfa-10600	184	15	1.029	1.029	NUM
ajfa-10600	184	16	to	to	ADP
ajfa-10600	184	17	6.029	6.029	NUM
ajfa-10600	184	18	which	which	PRON
ajfa-10600	184	19	shows	show	VERB
ajfa-10600	184	20	no	no	DET
ajfa-10600	184	21	sign	sign	NOUN
ajfa-10600	184	22	of	of	ADP
ajfa-10600	184	23	multicollenarity	multicollenarity	NOUN
ajfa-10600	184	24	in	in	ADP
ajfa-10600	184	25	the	the	DET
ajfa-10600	184	26	model	model	NOUN
ajfa-10600	184	27	.similarly	.similarly	DET
ajfa-10600	184	28	the	the	DET
ajfa-10600	184	29	results	result	NOUN
ajfa-10600	184	30	of	of	ADP
ajfa-10600	184	31	tolerance	tolerance	NOUN
ajfa-10600	184	32	factor	factor	NOUN
ajfa-10600	184	33	vary	vary	VERB
ajfa-10600	184	34	from	from	ADP
ajfa-10600	184	35	.166	.166	NUM
ajfa-10600	184	36	to.972	to.972	NUM
ajfa-10600	184	37	which	which	PRON
ajfa-10600	184	38	confirm	confirm	VERB
ajfa-10600	184	39	the	the	DET
ajfa-10600	184	40	absence	absence	NOUN
ajfa-10600	184	41	of	of	ADP
ajfa-10600	184	42	multicollenarity	multicollenarity	NOUN
ajfa-10600	184	43	the	the	DET
ajfa-10600	184	44	lowest	low	ADJ
ajfa-10600	184	45	value	value	NOUN
ajfa-10600	184	46	of	of	ADP
ajfa-10600	184	47	tf	tf	PROPN
ajfa-10600	184	48	is	be	AUX
ajfa-10600	184	49	.166	.166	NUM
ajfa-10600	184	50	for	for	ADP
ajfa-10600	184	51	log	log	NOUN
ajfa-10600	184	52	of	of	ADP
ajfa-10600	184	53	total	total	ADJ
ajfa-10600	184	54	assets	asset	NOUN
ajfa-10600	184	55	while	while	SCONJ
ajfa-10600	184	56	current	current	ADJ
ajfa-10600	184	57	ratio	ratio	NOUN
ajfa-10600	184	58	has	have	VERB
ajfa-10600	184	59	highest	high	ADJ
ajfa-10600	184	60	value	value	NOUN
ajfa-10600	184	61	.972	.972	NUM
ajfa-10600	184	62	.	.	PUNCT
ajfa-10600	185	1	coefficient	coefficient	NOUN
ajfa-10600	185	2	std	std	PROPN
ajfa-10600	185	3	.	.	PROPN
ajfa-10600	185	4	error	error	NOUN
ajfa-10600	185	5	t	t	NOUN
ajfa-10600	185	6	-	-	PUNCT
ajfa-10600	185	7	statistic	statistic	NOUN
ajfa-10600	185	8	prob	prob	NOUN
ajfa-10600	185	9	.	.	PUNCT
ajfa-10600	186	1	c	c	PROPN
ajfa-10600	186	2	-6.951407	-6.951407	PROPN
ajfa-10600	186	3	11.25026	11.25026	NUM
ajfa-10600	186	4	-0.617889	-0.617889	NOUN
ajfa-10600	186	5	0.5372	0.5372	NUM
ajfa-10600	186	6	cgs	cgs	NOUN
ajfa-10600	186	7	1.160137	1.160137	NUM
ajfa-10600	186	8	1.260112	1.260112	NUM
ajfa-10600	186	9	0.920662	0.920662	NUM
ajfa-10600	186	10	0.3581	0.3581	NUM
ajfa-10600	186	11	cr	cr	ADP
ajfa-10600	186	12	-0.393233	-0.393233	PUNCT
ajfa-10600	186	13	1.315690	1.315690	NUM
ajfa-10600	186	14	-0.298880	-0.298880	NUM
ajfa-10600	186	15	0.7653	0.7653	NUM
ajfa-10600	186	16	mc	mc	PROPN
ajfa-10600	186	17	7.18e-11	7.18e-11	NUM
ajfa-10600	186	18	3.86e-11	3.86e-11	NUM
ajfa-10600	186	19	1.856479	1.856479	NUM
ajfa-10600	186	20	0.0646	0.0646	NUM
ajfa-10600	186	21	sales	sale	NOUN
ajfa-10600	186	22	8.993556	8.993556	NUM
ajfa-10600	186	23	1.477349	1.477349	NUM
ajfa-10600	186	24	6.087629	6.087629	NUM
ajfa-10600	186	25	0.0000	0.0000	NUM
ajfa-10600	186	26	ta	ta	ADP
ajfa-10600	186	27	-8.345104	-8.345104	PROPN
ajfa-10600	186	28	1.470989	1.470989	NUM
ajfa-10600	186	29	-5.673124	-5.673124	NOUN
ajfa-10600	186	30	0.0000	0.0000	NUM
ajfa-10600	186	31	ar	ar	NOUN
ajfa-10600	186	32	0.002500	0.002500	NUM
ajfa-10600	186	33	0.064460	0.064460	NUM
ajfa-10600	186	34	0.038784	0.038784	NUM
ajfa-10600	186	35	0.9691	0.9691	NUM
ajfa-10600	186	36	rsquare	rsquare	NOUN
ajfa-10600	186	37	0.155678	0.155678	NUM
ajfa-10600	186	38	adjusted	adjust	VERB
ajfa-10600	186	39	r2	r2	NOUN
ajfa-10600	186	40	0.134744	0.134744	NUM
ajfa-10600	186	41	durbin	durbin	NOUN
ajfa-10600	186	42	-	-	PUNCT
ajfa-10600	186	43	watson	watson	NOUN
ajfa-10600	186	44	1.770572	1.770572	NUM
ajfa-10600	186	45	f	f	NOUN
ajfa-10600	186	46	-	-	PUNCT
ajfa-10600	186	47	statistic	statistic	ADJ
ajfa-10600	186	48	7.436738	7.436738	NUM
ajfa-10600	186	49	prob(f	prob(f	NOUN
ajfa-10600	186	50	-	-	PUNCT
ajfa-10600	186	51	statistic	statistic	NOUN
ajfa-10600	186	52	)	)	PUNCT
ajfa-10600	186	53	0.000000	0.000000	NUM
ajfa-10600	186	54	asian	asian	ADJ
ajfa-10600	186	55	journal	journal	NOUN
ajfa-10600	186	56	of	of	ADP
ajfa-10600	186	57	finance	finance	PROPN
ajfa-10600	186	58	&	&	CCONJ
ajfa-10600	186	59	accounting	accounting	PROPN
ajfa-10600	186	60	issn	issn	PROPN
ajfa-10600	186	61	1946	1946	NUM
ajfa-10600	186	62	-	-	PUNCT
ajfa-10600	186	63	052x	052x	PROPN
ajfa-10600	186	64	2017	2017	NUM
ajfa-10600	186	65	,	,	PUNCT
ajfa-10600	186	66	vol	vol	NOUN
ajfa-10600	186	67	.	.	NOUN
ajfa-10600	187	1	9	9	NUM
ajfa-10600	187	2	,	,	PUNCT
ajfa-10600	187	3	no	no	INTJ
ajfa-10600	187	4	.	.	NOUN
ajfa-10600	187	5	1	1	NUM
ajfa-10600	187	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	187	7	64	64	NUM
ajfa-10600	187	8	table	table	NOUN
ajfa-10600	187	9	6	6	NUM
ajfa-10600	187	10	.	.	PUNCT
ajfa-10600	187	11	values	value	NOUN
ajfa-10600	187	12	of	of	ADP
ajfa-10600	187	13	variance	variance	NOUN
ajfa-10600	187	14	inflation	inflation	NOUN
ajfa-10600	187	15	factor	factor	NOUN
ajfa-10600	187	16	and	and	CCONJ
ajfa-10600	187	17	tolerance	tolerance	NOUN
ajfa-10600	187	18	factor	factor	NOUN
ajfa-10600	187	19	variables	variable	NOUN
ajfa-10600	187	20	vif	vif	PROPN
ajfa-10600	187	21	tf	tf	PROPN
ajfa-10600	187	22	cr	cr	PROPN
ajfa-10600	187	23	1.029	1.029	NUM
ajfa-10600	187	24	.972	.972	NUM
ajfa-10600	188	1	sales	sale	NOUN
ajfa-10600	188	2	5.962	5.962	NUM
ajfa-10600	188	3	.168	.168	NUM
ajfa-10600	188	4	cgs	cgs	PROPN
ajfa-10600	188	5	1.168	1.168	NUM
ajfa-10600	188	6	.856	.856	NUM
ajfa-10600	188	7	mc	mc	PROPN
ajfa-10600	188	8	1.148	1.148	NUM
ajfa-10600	188	9	.871	.871	NUM
ajfa-10600	188	10	total	total	ADJ
ajfa-10600	188	11	assets	asset	NOUN
ajfa-10600	188	12	6.029	6.029	NUM
ajfa-10600	188	13	.166	.166	NUM
ajfa-10600	188	14	6	6	NUM
ajfa-10600	188	15	.	.	PUNCT
ajfa-10600	189	1	conclusion	conclusion	NOUN
ajfa-10600	189	2	this	this	DET
ajfa-10600	189	3	study	study	NOUN
ajfa-10600	189	4	empirically	empirically	ADV
ajfa-10600	189	5	examines	examine	VERB
ajfa-10600	189	6	the	the	DET
ajfa-10600	189	7	association	association	NOUN
ajfa-10600	189	8	between	between	ADP
ajfa-10600	189	9	profitability	profitability	NOUN
ajfa-10600	189	10	and	and	CCONJ
ajfa-10600	189	11	liquidity	liquidity	NOUN
ajfa-10600	189	12	for	for	ADP
ajfa-10600	189	13	a	a	DET
ajfa-10600	189	14	sample	sample	NOUN
ajfa-10600	189	15	of	of	ADP
ajfa-10600	189	16	50	50	NUM
ajfa-10600	189	17	companies	company	NOUN
ajfa-10600	189	18	of	of	ADP
ajfa-10600	189	19	different	different	ADJ
ajfa-10600	189	20	sectors	sector	NOUN
ajfa-10600	189	21	of	of	ADP
ajfa-10600	189	22	karachi	karachi	PROPN
ajfa-10600	189	23	stock	stock	PROPN
ajfa-10600	189	24	exchange	exchange	PROPN
ajfa-10600	189	25	.	.	PUNCT
ajfa-10600	190	1	the	the	DET
ajfa-10600	190	2	study	study	NOUN
ajfa-10600	190	3	found	find	VERB
ajfa-10600	190	4	that	that	SCONJ
ajfa-10600	190	5	current	current	ADJ
ajfa-10600	190	6	ratio	ratio	NOUN
ajfa-10600	190	7	is	be	AUX
ajfa-10600	190	8	important	important	ADJ
ajfa-10600	190	9	variable	variable	ADJ
ajfa-10600	190	10	as	as	SCONJ
ajfa-10600	190	11	compared	compare	VERB
ajfa-10600	190	12	to	to	ADP
ajfa-10600	190	13	cash	cash	NOUN
ajfa-10600	190	14	gap	gap	NOUN
ajfa-10600	190	15	having	have	VERB
ajfa-10600	190	16	a	a	DET
ajfa-10600	190	17	significant	significant	ADJ
ajfa-10600	190	18	relationship	relationship	NOUN
ajfa-10600	190	19	with	with	ADP
ajfa-10600	190	20	net	net	ADJ
ajfa-10600	190	21	operating	operating	NOUN
ajfa-10600	190	22	income	income	NOUN
ajfa-10600	190	23	and	and	CCONJ
ajfa-10600	190	24	with	with	ADP
ajfa-10600	190	25	return	return	NOUN
ajfa-10600	190	26	on	on	ADP
ajfa-10600	190	27	assets	asset	NOUN
ajfa-10600	190	28	which	which	PRON
ajfa-10600	190	29	implies	imply	VERB
ajfa-10600	190	30	that	that	SCONJ
ajfa-10600	190	31	firms	firm	NOUN
ajfa-10600	190	32	properly	properly	ADV
ajfa-10600	190	33	manage	manage	VERB
ajfa-10600	190	34	their	their	PRON
ajfa-10600	190	35	short	short	ADJ
ajfa-10600	190	36	term	term	NOUN
ajfa-10600	190	37	obligations	obligation	NOUN
ajfa-10600	190	38	which	which	PRON
ajfa-10600	190	39	have	have	VERB
ajfa-10600	190	40	positive	positive	ADJ
ajfa-10600	190	41	consequences	consequence	NOUN
ajfa-10600	190	42	on	on	ADP
ajfa-10600	190	43	firm	firm	NOUN
ajfa-10600	190	44	’s	’s	PART
ajfa-10600	190	45	profitability	profitability	NOUN
ajfa-10600	190	46	.	.	PUNCT
ajfa-10600	191	1	negative	negative	ADJ
ajfa-10600	191	2	correlation	correlation	NOUN
ajfa-10600	191	3	has	have	AUX
ajfa-10600	191	4	been	be	AUX
ajfa-10600	191	5	found	find	VERB
ajfa-10600	191	6	between	between	ADP
ajfa-10600	191	7	cash	cash	NOUN
ajfa-10600	191	8	gap	gap	NOUN
ajfa-10600	191	9	and	and	CCONJ
ajfa-10600	191	10	firm	firm	NOUN
ajfa-10600	191	11	’s	’s	PART
ajfa-10600	191	12	profitability	profitability	NOUN
ajfa-10600	191	13	.	.	PUNCT
ajfa-10600	192	1	superficially	superficially	ADV
ajfa-10600	192	2	it	it	PRON
ajfa-10600	192	3	would	would	AUX
ajfa-10600	192	4	seem	seem	VERB
ajfa-10600	192	5	that	that	SCONJ
ajfa-10600	192	6	a	a	DET
ajfa-10600	192	7	relatively	relatively	ADV
ajfa-10600	192	8	short	short	ADJ
ajfa-10600	192	9	cash	cash	NOUN
ajfa-10600	192	10	cycle	cycle	NOUN
ajfa-10600	192	11	would	would	AUX
ajfa-10600	192	12	be	be	AUX
ajfa-10600	192	13	a	a	DET
ajfa-10600	192	14	sign	sign	NOUN
ajfa-10600	192	15	of	of	ADP
ajfa-10600	192	16	good	good	ADJ
ajfa-10600	192	17	management	management	NOUN
ajfa-10600	192	18	.	.	PUNCT
ajfa-10600	193	1	a	a	DET
ajfa-10600	193	2	firm	firm	NOUN
ajfa-10600	193	3	is	be	AUX
ajfa-10600	193	4	quick	quick	ADJ
ajfa-10600	193	5	to	to	PART
ajfa-10600	193	6	collect	collect	VERB
ajfa-10600	193	7	cash	cash	NOUN
ajfa-10600	193	8	from	from	ADP
ajfa-10600	193	9	sales	sale	NOUN
ajfa-10600	193	10	once	once	SCONJ
ajfa-10600	193	11	it	it	PRON
ajfa-10600	193	12	pays	pay	VERB
ajfa-10600	193	13	for	for	ADP
ajfa-10600	193	14	purchases	purchase	NOUN
ajfa-10600	193	15	.	.	PUNCT
ajfa-10600	194	1	however	however	ADV
ajfa-10600	194	2	in	in	ADP
ajfa-10600	194	3	case	case	NOUN
ajfa-10600	194	4	of	of	ADP
ajfa-10600	194	5	pakistan	pakistan	ADJ
ajfa-10600	194	6	negative	negative	ADJ
ajfa-10600	194	7	cash	cash	NOUN
ajfa-10600	194	8	gap	gap	NOUN
ajfa-10600	194	9	is	be	AUX
ajfa-10600	194	10	due	due	ADJ
ajfa-10600	194	11	to	to	ADP
ajfa-10600	194	12	pending	pende	VERB
ajfa-10600	194	13	payments	payment	NOUN
ajfa-10600	194	14	of	of	ADP
ajfa-10600	194	15	bills	bill	NOUN
ajfa-10600	194	16	resulting	result	VERB
ajfa-10600	194	17	in	in	ADP
ajfa-10600	194	18	payment	payment	NOUN
ajfa-10600	194	19	cycle	cycle	NOUN
ajfa-10600	194	20	longer	long	ADV
ajfa-10600	194	21	than	than	ADP
ajfa-10600	194	22	operating	operate	VERB
ajfa-10600	194	23	cycle	cycle	NOUN
ajfa-10600	194	24	.	.	PUNCT
ajfa-10600	195	1	this	this	DET
ajfa-10600	195	2	measure	measure	NOUN
ajfa-10600	195	3	reflects	reflect	VERB
ajfa-10600	195	4	both	both	DET
ajfa-10600	195	5	operating	operate	VERB
ajfa-10600	195	6	and	and	CCONJ
ajfa-10600	195	7	financing	financing	NOUN
ajfa-10600	195	8	decisions	decision	NOUN
ajfa-10600	195	9	of	of	ADP
ajfa-10600	195	10	the	the	DET
ajfa-10600	195	11	firm	firm	NOUN
ajfa-10600	195	12	.	.	PUNCT
ajfa-10600	196	1	current	current	ADJ
ajfa-10600	196	2	ratio	ratio	NOUN
ajfa-10600	196	3	and	and	CCONJ
ajfa-10600	196	4	total	total	ADJ
ajfa-10600	196	5	assets	asset	NOUN
ajfa-10600	196	6	show	show	VERB
ajfa-10600	196	7	a	a	DET
ajfa-10600	196	8	positive	positive	ADJ
ajfa-10600	196	9	and	and	CCONJ
ajfa-10600	196	10	significant	significant	ADJ
ajfa-10600	196	11	relationship	relationship	NOUN
ajfa-10600	196	12	with	with	ADP
ajfa-10600	196	13	net	net	ADJ
ajfa-10600	196	14	operating	operating	NOUN
ajfa-10600	196	15	income	income	NOUN
ajfa-10600	196	16	while	while	SCONJ
ajfa-10600	196	17	cash	cash	NOUN
ajfa-10600	196	18	gap	gap	NOUN
ajfa-10600	196	19	in	in	ADP
ajfa-10600	196	20	days	day	NOUN
ajfa-10600	196	21	depicts	depict	VERB
ajfa-10600	196	22	a	a	DET
ajfa-10600	196	23	negative	negative	ADJ
ajfa-10600	196	24	relationship	relationship	NOUN
ajfa-10600	196	25	.	.	PUNCT
ajfa-10600	197	1	the	the	DET
ajfa-10600	197	2	value	value	NOUN
ajfa-10600	197	3	of	of	ADP
ajfa-10600	197	4	f	f	PROPN
ajfa-10600	197	5	statistics	statistic	NOUN
ajfa-10600	197	6	significantly	significantly	ADV
ajfa-10600	197	7	endorsing	endorse	VERB
ajfa-10600	197	8	the	the	DET
ajfa-10600	197	9	validity	validity	NOUN
ajfa-10600	197	10	and	and	CCONJ
ajfa-10600	197	11	stability	stability	NOUN
ajfa-10600	197	12	of	of	ADP
ajfa-10600	197	13	the	the	DET
ajfa-10600	197	14	model	model	NOUN
ajfa-10600	197	15	.the	.the	DET
ajfa-10600	197	16	value	value	NOUN
ajfa-10600	197	17	of	of	ADP
ajfa-10600	197	18	durbin	durbin	ADJ
ajfa-10600	197	19	-	-	PUNCT
ajfa-10600	197	20	watson	watson	NOUN
ajfa-10600	197	21	shows	show	VERB
ajfa-10600	197	22	that	that	SCONJ
ajfa-10600	197	23	there	there	PRON
ajfa-10600	197	24	is	be	VERB
ajfa-10600	197	25	not	not	PART
ajfa-10600	197	26	a	a	DET
ajfa-10600	197	27	problem	problem	NOUN
ajfa-10600	197	28	of	of	ADP
ajfa-10600	197	29	autocorrelation	autocorrelation	NOUN
ajfa-10600	197	30	.	.	PUNCT
ajfa-10600	198	1	references	reference	NOUN
ajfa-10600	198	2	afza	afza	VERB
ajfa-10600	198	3	,	,	PUNCT
ajfa-10600	198	4	t.	t.	PROPN
ajfa-10600	198	5	,	,	PUNCT
ajfa-10600	198	6	&	&	CCONJ
ajfa-10600	198	7	nazir	nazir	PROPN
ajfa-10600	198	8	,	,	PUNCT
ajfa-10600	198	9	m.	m.	NOUN
ajfa-10600	198	10	s.	s.	PROPN
ajfa-10600	198	11	(	(	PUNCT
ajfa-10600	198	12	2007	2007	NUM
ajfa-10600	198	13	)	)	PUNCT
ajfa-10600	198	14	.	.	PUNCT
ajfa-10600	199	1	is	be	AUX
ajfa-10600	199	2	it	it	PRON
ajfa-10600	199	3	better	well	ADJ
ajfa-10600	199	4	to	to	PART
ajfa-10600	199	5	be	be	AUX
ajfa-10600	199	6	aggressive	aggressive	ADJ
ajfa-10600	199	7	or	or	CCONJ
ajfa-10600	199	8	conservative	conservative	ADJ
ajfa-10600	199	9	in	in	ADP
ajfa-10600	199	10	managing	manage	VERB
ajfa-10600	199	11	working	working	NOUN
ajfa-10600	199	12	capital	capital	NOUN
ajfa-10600	199	13	.	.	PUNCT
ajfa-10600	200	1	journal	journal	NOUN
ajfa-10600	200	2	of	of	ADP
ajfa-10600	200	3	quality	quality	NOUN
ajfa-10600	200	4	and	and	CCONJ
ajfa-10600	200	5	technology	technology	NOUN
ajfa-10600	200	6	management	management	NOUN
ajfa-10600	200	7	,	,	PUNCT
ajfa-10600	200	8	3(2	3(2	NUM
ajfa-10600	200	9	)	)	PUNCT
ajfa-10600	200	10	,	,	PUNCT
ajfa-10600	200	11	11	11	NUM
ajfa-10600	200	12	-	-	SYM
ajfa-10600	200	13	21	21	NUM
ajfa-10600	200	14	.	.	PUNCT
ajfa-10600	201	1	afza	afza	PROPN
ajfa-10600	201	2	,	,	PUNCT
ajfa-10600	201	3	t.	t.	PROPN
ajfa-10600	201	4	,	,	PUNCT
ajfa-10600	201	5	&	&	CCONJ
ajfa-10600	201	6	nazir	nazir	PROPN
ajfa-10600	201	7	,	,	PUNCT
ajfa-10600	201	8	m.s	m.s	PROPN
ajfa-10600	201	9	(	(	PUNCT
ajfa-10600	201	10	2008	2008	NUM
ajfa-10600	201	11	)	)	PUNCT
ajfa-10600	201	12	.	.	PUNCT
ajfa-10600	202	1	working	work	VERB
ajfa-10600	202	2	capital	capital	NOUN
ajfa-10600	202	3	approaches	approach	NOUN
ajfa-10600	202	4	and	and	CCONJ
ajfa-10600	202	5	firm	firm	NOUN
ajfa-10600	202	6	’s	’s	PART
ajfa-10600	202	7	returns	return	NOUN
ajfa-10600	202	8	in	in	ADP
ajfa-10600	202	9	pakistan	pakistan	PROPN
ajfa-10600	202	10	.	.	PUNCT
ajfa-10600	203	1	pakistan	pakistan	PROPN
ajfa-10600	203	2	journal	journal	PROPN
ajfa-10600	203	3	of	of	ADP
ajfa-10600	203	4	commerce	commerce	PROPN
ajfa-10600	203	5	and	and	CCONJ
ajfa-10600	203	6	social	social	ADJ
ajfa-10600	203	7	sciences	science	NOUN
ajfa-10600	203	8	,	,	PUNCT
ajfa-10600	203	9	1(1	1(1	NUM
ajfa-10600	203	10	)	)	PUNCT
ajfa-10600	203	11	,	,	PUNCT
ajfa-10600	203	12	25	25	NUM
ajfa-10600	203	13	-	-	SYM
ajfa-10600	203	14	36	36	NUM
ajfa-10600	203	15	.	.	PUNCT
ajfa-10600	204	1	alipour	alipour	PROPN
ajfa-10600	204	2	,	,	PUNCT
ajfa-10600	204	3	mohammad	mohammad	PROPN
ajfa-10600	204	4	.	.	PUNCT
ajfa-10600	205	1	(	(	PUNCT
ajfa-10600	205	2	2011	2011	NUM
ajfa-10600	205	3	)	)	PUNCT
ajfa-10600	205	4	.	.	PUNCT
ajfa-10600	206	1	working	work	VERB
ajfa-10600	206	2	capital	capital	NOUN
ajfa-10600	206	3	management	management	NOUN
ajfa-10600	206	4	and	and	CCONJ
ajfa-10600	206	5	corporate	corporate	ADJ
ajfa-10600	206	6	profitability	profitability	NOUN
ajfa-10600	206	7	:	:	PUNCT
ajfa-10600	206	8	evidence	evidence	NOUN
ajfa-10600	206	9	from	from	ADP
ajfa-10600	206	10	iran	iran	PROPN
ajfa-10600	206	11	.	.	PUNCT
ajfa-10600	207	1	world	world	PROPN
ajfa-10600	207	2	applied	apply	VERB
ajfa-10600	207	3	sciences	science	NOUN
ajfa-10600	207	4	journal	journal	NOUN
ajfa-10600	207	5	,	,	PUNCT
ajfa-10600	207	6	12(7	12(7	NUM
ajfa-10600	207	7	)	)	PUNCT
ajfa-10600	207	8	,	,	PUNCT
ajfa-10600	207	9	1093	1093	NUM
ajfa-10600	207	10	-	-	SYM
ajfa-10600	207	11	1099	1099	NUM
ajfa-10600	207	12	.	.	PUNCT
ajfa-10600	208	1	alirezadelavar	alirezadelavar	PROPN
ajfa-10600	208	2	,	,	PUNCT
ajfa-10600	208	3	saeid	saeid	PROPN
ajfa-10600	208	4	jabbarzadeh	jabbarzadeh	PROPN
ajfa-10600	208	5	kangarluei	kangarluei	PROPN
ajfa-10600	208	6	,	,	PUNCT
ajfa-10600	208	7	&	&	CCONJ
ajfa-10600	208	8	morteza	morteza	X
ajfa-10600	208	9	motavassel	motavassel	NOUN
ajfa-10600	208	10	.	.	PUNCT
ajfa-10600	209	1	(	(	PUNCT
ajfa-10600	209	2	2015	2015	NUM
ajfa-10600	209	3	)	)	PUNCT
ajfa-10600	209	4	.	.	PUNCT
ajfa-10600	210	1	working	work	VERB
ajfa-10600	210	2	capital	capital	NOUN
ajfa-10600	210	3	,	,	PUNCT
ajfa-10600	210	4	firms	firm	NOUN
ajfa-10600	210	5	performance	performance	NOUN
ajfa-10600	210	6	and	and	CCONJ
ajfa-10600	210	7	financial	financial	ADJ
ajfa-10600	210	8	distress	distress	NOUN
ajfa-10600	210	9	in	in	ADP
ajfa-10600	210	10	firms	firm	NOUN
ajfa-10600	210	11	listed	list	VERB
ajfa-10600	210	12	in	in	ADP
ajfa-10600	210	13	tehran	tehran	PROPN
ajfa-10600	210	14	stock	stock	PROPN
ajfa-10600	210	15	exchange	exchange	PROPN
ajfa-10600	210	16	(	(	PUNCT
ajfa-10600	210	17	tse	tse	PROPN
ajfa-10600	210	18	)	)	PUNCT
ajfa-10600	210	19	.	.	PUNCT
ajfa-10600	211	1	indian	indian	PROPN
ajfa-10600	211	2	journal	journal	PROPN
ajfa-10600	211	3	of	of	ADP
ajfa-10600	211	4	fundamental	fundamental	ADJ
ajfa-10600	211	5	and	and	CCONJ
ajfa-10600	211	6	applied	apply	VERB
ajfa-10600	211	7	life	life	NOUN
ajfa-10600	211	8	sciences	science	NOUN
ajfa-10600	211	9	,	,	PUNCT
ajfa-10600	211	10	5	5	NUM
ajfa-10600	211	11	.	.	X
ajfa-10600	211	12	anser	anser	PROPN
ajfa-10600	211	13	,	,	PUNCT
ajfa-10600	211	14	r.	r.	PROPN
ajfa-10600	211	15	,	,	PUNCT
ajfa-10600	211	16	&	&	CCONJ
ajfa-10600	211	17	malik	malik	PROPN
ajfa-10600	211	18	,	,	PUNCT
ajfa-10600	211	19	q.	q.	PROPN
ajfa-10600	211	20	a.	a.	PROPN
ajfa-10600	211	21	(	(	PUNCT
ajfa-10600	211	22	2013	2013	NUM
ajfa-10600	211	23	)	)	PUNCT
ajfa-10600	211	24	.	.	PUNCT
ajfa-10600	212	1	cash	cash	NOUN
ajfa-10600	212	2	conversion	conversion	NOUN
ajfa-10600	212	3	cycle	cycle	NOUN
ajfa-10600	212	4	and	and	CCONJ
ajfa-10600	212	5	firms	firm	NOUN
ajfa-10600	212	6	’	’	PART
ajfa-10600	212	7	profitability	profitability	NOUN
ajfa-10600	212	8	–	–	PUNCT
ajfa-10600	212	9	a	a	DET
ajfa-10600	212	10	study	study	NOUN
ajfa-10600	212	11	of	of	ADP
ajfa-10600	212	12	listed	list	VERB
ajfa-10600	212	13	manufacturing	manufacturing	NOUN
ajfa-10600	212	14	companies	company	NOUN
ajfa-10600	212	15	of	of	ADP
ajfa-10600	212	16	pakistan	pakistan	PROPN
ajfa-10600	212	17	.	.	PUNCT
ajfa-10600	213	1	journal	journal	PROPN
ajfa-10600	213	2	of	of	ADP
ajfa-10600	213	3	business	business	NOUN
ajfa-10600	213	4	and	and	CCONJ
ajfa-10600	213	5	management	management	NOUN
ajfa-10600	213	6	,	,	PUNCT
ajfa-10600	213	7	8(2	8(2	NUM
ajfa-10600	213	8	)	)	PUNCT
ajfa-10600	213	9	,	,	PUNCT
ajfa-10600	213	10	82	82	NUM
ajfa-10600	213	11	-	-	SYM
ajfa-10600	213	12	87	87	NUM
ajfa-10600	213	13	.	.	PUNCT
ajfa-10600	214	1	asian	asian	ADJ
ajfa-10600	214	2	journal	journal	PROPN
ajfa-10600	214	3	of	of	ADP
ajfa-10600	214	4	finance	finance	PROPN
ajfa-10600	214	5	&	&	CCONJ
ajfa-10600	214	6	accounting	accounting	PROPN
ajfa-10600	214	7	issn	issn	PROPN
ajfa-10600	214	8	1946	1946	NUM
ajfa-10600	214	9	-	-	PUNCT
ajfa-10600	214	10	052x	052x	PROPN
ajfa-10600	214	11	2017	2017	NUM
ajfa-10600	214	12	,	,	PUNCT
ajfa-10600	214	13	vol	vol	NOUN
ajfa-10600	214	14	.	.	NOUN
ajfa-10600	214	15	9	9	NUM
ajfa-10600	214	16	,	,	PUNCT
ajfa-10600	214	17	no	no	INTJ
ajfa-10600	214	18	.	.	NOUN
ajfa-10600	214	19	1	1	NUM
ajfa-10600	214	20	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10600	214	21	65	65	NUM
ajfa-10600	214	22	appuhami	appuhami	NOUN
ajfa-10600	214	23	,	,	PUNCT
ajfa-10600	214	24	b.	b.	PROPN
ajfa-10600	214	25	r.	r.	PROPN
ajfa-10600	214	26	(	(	PUNCT
ajfa-10600	214	27	2008	2008	NUM
ajfa-10600	214	28	)	)	PUNCT
ajfa-10600	214	29	.	.	PUNCT
ajfa-10600	215	1	the	the	DET
ajfa-10600	215	2	impact	impact	NOUN
ajfa-10600	215	3	of	of	ADP
ajfa-10600	215	4	firms	firm	NOUN
ajfa-10600	215	5	'	'	PART
ajfa-10600	215	6	capital	capital	NOUN
ajfa-10600	215	7	expenditure	expenditure	NOUN
ajfa-10600	215	8	on	on	ADP
ajfa-10600	215	9	working	work	VERB
ajfa-10600	215	10	capital	capital	NOUN
ajfa-10600	215	11	management	management	NOUN
ajfa-10600	215	12	:	:	PUNCT
ajfa-10600	215	13	an	an	DET
ajfa-10600	215	14	empirical	empirical	ADJ
ajfa-10600	215	15	study	study	NOUN
ajfa-10600	215	16	across	across	ADP
ajfa-10600	215	17	industries	industry	NOUN
ajfa-10600	215	18	in	in	ADP
ajfa-10600	215	19	thailand	thailand	PROPN
ajfa-10600	215	20	.	.	PUNCT
ajfa-10600	216	1	international	international	ADJ
ajfa-10600	216	2	management	management	PROPN
ajfa-10600	216	3	review	review	NOUN
ajfa-10600	216	4	,	,	PUNCT
ajfa-10600	216	5	4(1	4(1	NOUN
ajfa-10600	216	6	)	)	PUNCT
ajfa-10600	216	7	,	,	PUNCT
ajfa-10600	216	8	8	8	X
ajfa-10600	216	9	.	.	PUNCT
ajfa-10600	216	10	deloof	deloof	NOUN
ajfa-10600	216	11	,	,	PUNCT
ajfa-10600	216	12	m.	m.	NOUN
ajfa-10600	216	13	(	(	PUNCT
ajfa-10600	216	14	2003	2003	NUM
ajfa-10600	216	15	)	)	PUNCT
ajfa-10600	216	16	.	.	PUNCT
ajfa-10600	217	1	does	do	AUX
ajfa-10600	217	2	working	work	VERB
ajfa-10600	217	3	capital	capital	NOUN
ajfa-10600	217	4	management	management	NOUN
ajfa-10600	217	5	affect	affect	VERB
ajfa-10600	217	6	profitability	profitability	NOUN
ajfa-10600	217	7	of	of	ADP
ajfa-10600	217	8	belgian	belgian	ADJ
ajfa-10600	217	9	firms	firm	NOUN
ajfa-10600	217	10	?	?	PUNCT
ajfa-10600	217	11	.	.	PUNCT
ajfa-10600	218	1	journal	journal	PROPN
ajfa-10600	218	2	of	of	ADP
ajfa-10600	218	3	business	business	NOUN
ajfa-10600	218	4	finance	finance	PROPN
ajfa-10600	218	5	&	&	CCONJ
ajfa-10600	218	6	accounting	accounting	PROPN
ajfa-10600	218	7	,	,	PUNCT
ajfa-10600	218	8	30(3‐4	30(3‐4	NUM
ajfa-10600	218	9	)	)	PUNCT
ajfa-10600	218	10	,	,	PUNCT
ajfa-10600	218	11	573	573	NUM
ajfa-10600	218	12	-	-	SYM
ajfa-10600	218	13	588	588	NUM
ajfa-10600	218	14	.	.	PUNCT
ajfa-10600	219	1	https://doi.org/10.1111/1468-5957.00008	https://doi.org/10.1111/1468-5957.00008	NOUN
ajfa-10600	219	2	ehrhardt	ehrhardt	PROPN
ajfa-10600	219	3	,	,	PUNCT
ajfa-10600	219	4	m.	m.	NOUN
ajfa-10600	219	5	,	,	PUNCT
ajfa-10600	219	6	and	and	CCONJ
ajfa-10600	219	7	brigham	brigham	PROPN
ajfa-10600	219	8	,	,	PUNCT
ajfa-10600	219	9	e.	e.	PROPN
ajfa-10600	219	10	,	,	PUNCT
ajfa-10600	219	11	(	(	PUNCT
ajfa-10600	219	12	2005).financial	2005).financial	NUM
ajfa-10600	219	13	management	management	NOUN
ajfa-10600	219	14	theory	theory	NOUN
ajfa-10600	219	15	and	and	CCONJ
ajfa-10600	219	16	practice	practice	NOUN
ajfa-10600	219	17	,	,	PUNCT
ajfa-10600	219	18	11th	11th	ADJ
ajfa-10600	219	19	edition	edition	NOUN
ajfa-10600	219	20	,	,	PUNCT
ajfa-10600	219	21	thomson	thomson	PROPN
ajfa-10600	219	22	.	.	PUNCT
ajfa-10600	220	1	eljelly	eljelly	ADV
ajfa-10600	220	2	,	,	PUNCT
ajfa-10600	220	3	a.	a.	NOUN
ajfa-10600	220	4	m.	m.	NOUN
ajfa-10600	220	5	(	(	PUNCT
ajfa-10600	220	6	2004	2004	NUM
ajfa-10600	220	7	)	)	PUNCT
ajfa-10600	220	8	.	.	PUNCT
ajfa-10600	221	1	liquidity	liquidity	NOUN
ajfa-10600	221	2	-	-	PUNCT
ajfa-10600	221	3	profitability	profitability	NOUN
ajfa-10600	221	4	tradeoff	tradeoff	NOUN
ajfa-10600	221	5	:	:	PUNCT
ajfa-10600	221	6	an	an	DET
ajfa-10600	221	7	empirical	empirical	ADJ
ajfa-10600	221	8	investigation	investigation	NOUN
ajfa-10600	221	9	in	in	ADP
ajfa-10600	221	10	an	an	DET
ajfa-10600	221	11	emerging	emerge	VERB
ajfa-10600	221	12	market	market	NOUN
ajfa-10600	221	13	.	.	PUNCT
ajfa-10600	222	1	international	international	ADJ
ajfa-10600	222	2	journal	journal	PROPN
ajfa-10600	222	3	of	of	ADP
ajfa-10600	222	4	commerce	commerce	PROPN
ajfa-10600	222	5	and	and	CCONJ
ajfa-10600	222	6	management	management	NOUN
ajfa-10600	222	7	,	,	PUNCT
ajfa-10600	222	8	14(2	14(2	NUM
ajfa-10600	222	9	)	)	PUNCT
ajfa-10600	222	10	,	,	PUNCT
ajfa-10600	222	11	48	48	NUM
ajfa-10600	222	12	-	-	SYM
ajfa-10600	222	13	61	61	NUM
ajfa-10600	222	14	.	.	PUNCT
ajfa-10600	223	1	https://doi.org/10.1108/10569210480000179	https://doi.org/10.1108/10569210480000179	NOUN
ajfa-10600	223	2	filbeck	filbeck	NOUN
ajfa-10600	223	3	,	,	PUNCT
ajfa-10600	223	4	g.	g.	PROPN
ajfa-10600	223	5	,	,	PUNCT
ajfa-10600	223	6	&	&	CCONJ
ajfa-10600	223	7	krueger	krueger	PROPN
ajfa-10600	223	8	,	,	PUNCT
ajfa-10600	223	9	t.	t.	PROPN
ajfa-10600	223	10	m.	m.	NOUN
ajfa-10600	223	11	(	(	PUNCT
ajfa-10600	223	12	2005	2005	NUM
ajfa-10600	223	13	)	)	PUNCT
ajfa-10600	223	14	.	.	PUNCT
ajfa-10600	224	1	an	an	DET
ajfa-10600	224	2	analysis	analysis	NOUN
ajfa-10600	224	3	of	of	ADP
ajfa-10600	224	4	working	work	VERB
ajfa-10600	224	5	capital	capital	NOUN
ajfa-10600	224	6	management	management	NOUN
ajfa-10600	224	7	results	result	NOUN
ajfa-10600	224	8	across	across	ADP
ajfa-10600	224	9	industries	industry	NOUN
ajfa-10600	224	10	.	.	PUNCT
ajfa-10600	225	1	american	american	ADJ
ajfa-10600	225	2	journal	journal	PROPN
ajfa-10600	225	3	of	of	ADP
ajfa-10600	225	4	business	business	NOUN
ajfa-10600	225	5	,	,	PUNCT
ajfa-10600	225	6	20(2	20(2	NUM
ajfa-10600	225	7	)	)	PUNCT
ajfa-10600	225	8	,	,	PUNCT
ajfa-10600	225	9	11	11	NUM
ajfa-10600	225	10	-	-	SYM
ajfa-10600	225	11	20	20	NUM
ajfa-10600	225	12	.	.	PUNCT
ajfa-10600	226	1	https://doi.org/10.1108/19355181200500007	https://doi.org/10.1108/19355181200500007	PROPN
ajfa-10600	226	2	garcia	garcia	PROPN
ajfa-10600	226	3	-	-	PUNCT
ajfa-10600	226	4	teruel	teruel	PROPN
ajfa-10600	226	5	,	,	PUNCT
ajfa-10600	226	6	p.j	p.j	PROPN
ajfa-10600	226	7	.	.	PROPN
ajfa-10600	226	8	&	&	CCONJ
ajfa-10600	226	9	martinez	martinez	PROPN
ajfa-10600	226	10	-	-	PUNCT
ajfa-10600	226	11	solano	solano	PROPN
ajfa-10600	226	12	,	,	PUNCT
ajfa-10600	226	13	p.	p.	PROPN
ajfa-10600	226	14	,(2007	,(2007	PUNCT
ajfa-10600	226	15	)	)	PUNCT
ajfa-10600	226	16	.	.	PUNCT
ajfa-10600	227	1	“	"	PUNCT
ajfa-10600	227	2	effects	effect	NOUN
ajfa-10600	227	3	of	of	ADP
ajfa-10600	227	4	working	work	VERB
ajfa-10600	227	5	capital	capital	NOUN
ajfa-10600	227	6	management	management	NOUN
ajfa-10600	227	7	on	on	ADP
ajfa-10600	227	8	sme	sme	NOUN
ajfa-10600	227	9	profitability	profitability	NOUN
ajfa-10600	227	10	.	.	PUNCT
ajfa-10600	228	1	international	international	ADJ
ajfa-10600	228	2	journal	journal	PROPN
ajfa-10600	228	3	of	of	ADP
ajfa-10600	228	4	managerial	managerial	ADJ
ajfa-10600	228	5	finance	finance	NOUN
ajfa-10600	228	6	,	,	PUNCT
ajfa-10600	228	7	3(2	3(2	NUM
ajfa-10600	228	8	)	)	PUNCT
ajfa-10600	228	9	,	,	PUNCT
ajfa-10600	228	10	164	164	NUM
ajfa-10600	228	11	-	-	SYM
ajfa-10600	228	12	177	177	NUM
ajfa-10600	228	13	.	.	PUNCT
ajfa-10600	229	1	https://doi.org/10.1108/17439130710738718	https://doi.org/10.1108/17439130710738718	PRON
ajfa-10600	229	2	hall	hall	PROPN
ajfa-10600	229	3	,	,	PUNCT
ajfa-10600	229	4	c.	c.	PROPN
ajfa-10600	229	5	(	(	PUNCT
ajfa-10600	229	6	2002	2002	NUM
ajfa-10600	229	7	)	)	PUNCT
ajfa-10600	229	8	.	.	PUNCT
ajfa-10600	230	1	total	total	ADJ
ajfa-10600	230	2	working	work	VERB
ajfa-10600	230	3	capital	capital	NOUN
ajfa-10600	230	4	management	management	NOUN
ajfa-10600	230	5	.	.	PUNCT
ajfa-10600	231	1	afp	afp	PROPN
ajfa-10600	231	2	exchange	exchange	PROPN
ajfa-10600	231	3	,	,	PUNCT
ajfa-10600	231	4	22(6	22(6	NUM
ajfa-10600	231	5	)	)	PUNCT
ajfa-10600	231	6	,	,	PUNCT
ajfa-10600	231	7	26	26	NUM
ajfa-10600	231	8	-	-	SYM
ajfa-10600	231	9	32	32	NUM
ajfa-10600	231	10	.	.	PUNCT
ajfa-10600	232	1	harris	harris	PROPN
ajfa-10600	232	2	.	.	PUNCT
ajfa-10600	233	1	a.	a.	PROPN
ajfa-10600	233	2	(	(	PUNCT
ajfa-10600	233	3	2005	2005	NUM
ajfa-10600	233	4	)	)	PUNCT
ajfa-10600	233	5	.	.	PUNCT
ajfa-10600	234	1	working	work	VERB
ajfa-10600	234	2	capital	capital	NOUN
ajfa-10600	234	3	management	management	NOUN
ajfa-10600	234	4	:	:	PUNCT
ajfa-10600	234	5	difficult	difficult	ADJ
ajfa-10600	234	6	,	,	PUNCT
ajfa-10600	234	7	but	but	CCONJ
ajfa-10600	234	8	rewarding	reward	VERB
ajfa-10600	234	9	.	.	PUNCT
ajfa-10600	235	1	financal	financal	ADJ
ajfa-10600	235	2	executive	executive	NOUN
ajfa-10600	235	3	,	,	PUNCT
ajfa-10600	235	4	21(4	21(4	NUM
ajfa-10600	235	5	)	)	PUNCT
ajfa-10600	235	6	,	,	PUNCT
ajfa-10600	235	7	52	52	NUM
ajfa-10600	235	8	-	-	SYM
ajfa-10600	235	9	53	53	NUM
ajfa-10600	235	10	howorth	howorth	ADJ
ajfa-10600	235	11	,	,	PUNCT
ajfa-10600	235	12	c.	c.	PROPN
ajfa-10600	235	13	,	,	PUNCT
ajfa-10600	235	14	&	&	CCONJ
ajfa-10600	235	15	westhead	westhead	PROPN
ajfa-10600	235	16	,	,	PUNCT
ajfa-10600	235	17	p.	p.	NOUN
ajfa-10600	235	18	(	(	PUNCT
ajfa-10600	235	19	2003	2003	NUM
ajfa-10600	235	20	)	)	PUNCT
ajfa-10600	235	21	.	.	PUNCT
ajfa-10600	236	1	the	the	DET
ajfa-10600	236	2	focus	focus	NOUN
ajfa-10600	236	3	of	of	ADP
ajfa-10600	236	4	working	work	VERB
ajfa-10600	236	5	capital	capital	NOUN
ajfa-10600	236	6	management	management	NOUN
ajfa-10600	236	7	in	in	ADP
ajfa-10600	236	8	uk	uk	PROPN
ajfa-10600	236	9	small	small	ADJ
ajfa-10600	236	10	firms	firm	NOUN
ajfa-10600	236	11	.	.	PUNCT
ajfa-10600	237	1	management	management	NOUN
ajfa-10600	237	2	accounting	accounting	NOUN
ajfa-10600	237	3	research	research	NOUN
ajfa-10600	237	4	,	,	PUNCT
ajfa-10600	237	5	14(2	14(2	NUM
ajfa-10600	237	6	)	)	PUNCT
ajfa-10600	237	7	,	,	PUNCT
ajfa-10600	237	8	94	94	NUM
ajfa-10600	237	9	-	-	SYM
ajfa-10600	237	10	111	111	NUM
ajfa-10600	237	11	.	.	PUNCT
ajfa-10600	238	1	https://doi.org/10.1016/s1044-5005(03)00022-2	https://doi.org/10.1016/s1044-5005(03)00022-2	PROPN
ajfa-10600	238	2	hutchison	hutchison	PROPN
ajfa-10600	238	3	,	,	PUNCT
ajfa-10600	238	4	p.	p.	PROPN
ajfa-10600	238	5	d.	d.	PROPN
ajfa-10600	238	6	farris	farris	PROPN
ajfa-10600	238	7	ii	ii	PROPN
ajfa-10600	238	8	,	,	PUNCT
ajfa-10600	238	9	m.	m.	NOUN
ajfa-10600	238	10	t.	t.	PROPN
ajfa-10600	238	11	,	,	PUNCT
ajfa-10600	238	12	&	&	CCONJ
ajfa-10600	238	13	anders	anders	PROPN
ajfa-10600	238	14	,	,	PUNCT
ajfa-10600	238	15	s.	s.	PROPN
ajfa-10600	238	16	b.	b.	PROPN
ajfa-10600	238	17	(	(	PUNCT
ajfa-10600	238	18	2007	2007	NUM
ajfa-10600	238	19	)	)	PUNCT
ajfa-10600	238	20	.	.	PUNCT
ajfa-10600	239	1	cash	cash	NOUN
ajfa-10600	239	2	-	-	PUNCT
ajfa-10600	239	3	to	to	ADP
ajfa-10600	239	4	-	-	PUNCT
ajfa-10600	239	5	cash	cash	NOUN
ajfa-10600	239	6	analysis	analysis	NOUN
ajfa-10600	239	7	and	and	CCONJ
ajfa-10600	239	8	management	management	NOUN
ajfa-10600	239	9	.	.	PUNCT
ajfa-10600	240	1	the	the	DET
ajfa-10600	240	2	cpa	cpa	PROPN
ajfa-10600	240	3	journal	journal	NOUN
ajfa-10600	240	4	,	,	PUNCT
ajfa-10600	240	5	77(8	77(8	NUM
ajfa-10600	240	6	)	)	PUNCT
ajfa-10600	240	7	,	,	PUNCT
ajfa-10600	240	8	42	42	NUM
ajfa-10600	240	9	-	-	SYM
ajfa-10600	240	10	47	47	NUM
ajfa-10600	240	11	.	.	PUNCT
ajfa-10600	241	1	jose	jose	PROPN
ajfa-10600	241	2	,	,	PUNCT
ajfa-10600	241	3	m.	m.	PROPN
ajfa-10600	241	4	l.	l.	PROPN
ajfa-10600	241	5	lancaster	lancaster	PROPN
ajfa-10600	241	6	,	,	PUNCT
ajfa-10600	241	7	c.	c.	PROPN
ajfa-10600	241	8	,	,	PUNCT
ajfa-10600	241	9	&	&	CCONJ
ajfa-10600	241	10	stevens	stevens	PROPN
ajfa-10600	241	11	.	.	PROPN
ajfa-10600	241	12	(	(	PUNCT
ajfa-10600	241	13	1996	1996	NUM
ajfa-10600	241	14	)	)	PUNCT
ajfa-10600	241	15	.	.	PUNCT
ajfa-10600	242	1	corporate	corporate	ADJ
ajfa-10600	242	2	returns	return	NOUN
ajfa-10600	242	3	and	and	CCONJ
ajfa-10600	242	4	cash	cash	NOUN
ajfa-10600	242	5	conversion	conversion	NOUN
ajfa-10600	242	6	cycles	cycle	NOUN
ajfa-10600	242	7	.	.	PUNCT
ajfa-10600	243	1	journal	journal	PROPN
ajfa-10600	243	2	of	of	ADP
ajfa-10600	243	3	economics	economic	NOUN
ajfa-10600	243	4	and	and	CCONJ
ajfa-10600	243	5	finance	finance	NOUN
ajfa-10600	243	6	,	,	PUNCT
ajfa-10600	243	7	20(1	20(1	NUM
ajfa-10600	243	8	)	)	PUNCT
ajfa-10600	243	9	,	,	PUNCT
ajfa-10600	243	10	33	33	NUM
ajfa-10600	243	11	-	-	SYM
ajfa-10600	243	12	46	46	NUM
ajfa-10600	243	13	.	.	PUNCT
ajfa-10600	244	1	https://doi.org/10.1007/bf02920497	https://doi.org/10.1007/bf02920497	NOUN
ajfa-10600	244	2	kargar	kargar	NOUN
ajfa-10600	244	3	,	,	PUNCT
ajfa-10600	244	4	j.	j.	PROPN
ajfa-10600	244	5	,	,	PUNCT
ajfa-10600	244	6	&	&	CCONJ
ajfa-10600	244	7	blumenthal	blumenthal	PROPN
ajfa-10600	244	8	,	,	PUNCT
ajfa-10600	244	9	r.	r.	PROPN
ajfa-10600	244	10	a.	a.	PROPN
ajfa-10600	244	11	(	(	PUNCT
ajfa-10600	244	12	1994	1994	NUM
ajfa-10600	244	13	)	)	PUNCT
ajfa-10600	244	14	.	.	PUNCT
ajfa-10600	245	1	leverage	leverage	NOUN
ajfa-10600	245	2	impact	impact	NOUN
ajfa-10600	245	3	on	on	ADP
ajfa-10600	245	4	working	work	VERB
ajfa-10600	245	5	capital	capital	NOUN
ajfa-10600	245	6	in	in	ADP
ajfa-10600	245	7	small	small	ADJ
ajfa-10600	245	8	businesses	business	NOUN
ajfa-10600	245	9	.	.	PUNCT
ajfa-10600	246	1	tma	tma	PROPN
ajfa-10600	246	2	journal	journal	PROPN
ajfa-10600	246	3	,	,	PUNCT
ajfa-10600	246	4	14	14	NUM
ajfa-10600	246	5	,	,	PUNCT
ajfa-10600	246	6	46	46	NUM
ajfa-10600	246	7	-	-	SYM
ajfa-10600	246	8	46	46	NUM
ajfa-10600	246	9	.	.	PUNCT
ajfa-10600	247	1	lazaridis	lazaridi	NOUN
ajfa-10600	247	2	,	,	PUNCT
ajfa-10600	247	3	i.	i.	PROPN
ajfa-10600	247	4	,	,	PUNCT
ajfa-10600	247	5	&	&	CCONJ
ajfa-10600	247	6	tryfonidis	tryfonidis	PROPN
ajfa-10600	247	7	,	,	PUNCT
ajfa-10600	247	8	d.	d.	PROPN
ajfa-10600	247	9	(	(	PUNCT
ajfa-10600	247	10	2006).relationship	2006).relationship	NUM
ajfa-10600	247	11	between	between	ADP
ajfa-10600	247	12	working	work	VERB
ajfa-10600	247	13	capital	capital	NOUN
ajfa-10600	247	14	management	management	NOUN
ajfa-10600	247	15	and	and	CCONJ
ajfa-10600	247	16	profitability	profitability	NOUN
ajfa-10600	247	17	of	of	ADP
ajfa-10600	247	18	listed	list	VERB
ajfa-10600	247	19	companies	company	NOUN
ajfa-10600	247	20	in	in	ADP
ajfa-10600	247	21	the	the	DET
ajfa-10600	247	22	athens	athens	PROPN
ajfa-10600	247	23	stock	stock	PROPN
ajfa-10600	247	24	exchange	exchange	PROPN
ajfa-10600	247	25	.	.	PUNCT
ajfa-10600	248	1	journal	journal	NOUN
ajfa-10600	248	2	of	of	ADP
ajfa-10600	248	3	financial	financial	ADJ
ajfa-10600	248	4	management	management	NOUN
ajfa-10600	248	5	and	and	CCONJ
ajfa-10600	248	6	analysis	analysis	NOUN
ajfa-10600	248	7	,	,	PUNCT
ajfa-10600	248	8	19(1	19(1	NUM
ajfa-10600	248	9	)	)	PUNCT
ajfa-10600	248	10	.	.	PUNCT
ajfa-10600	249	1	26	26	NUM
ajfa-10600	249	2	-	-	SYM
ajfa-10600	249	3	35	35	NUM
ajfa-10600	249	4	long	long	ADJ
ajfa-10600	249	5	,	,	PUNCT
ajfa-10600	249	6	m.	m.	NOUN
ajfa-10600	249	7	s.	s.	PROPN
ajfa-10600	249	8	,	,	PUNCT
ajfa-10600	249	9	malitz	malitz	PROPN
ajfa-10600	249	10	,	,	PUNCT
ajfa-10600	249	11	i.	i.	PROPN
ajfa-10600	249	12	b.	b.	PROPN
ajfa-10600	249	13	,	,	PUNCT
ajfa-10600	249	14	&	&	CCONJ
ajfa-10600	249	15	ravid	ravid	PROPN
ajfa-10600	249	16	,	,	PUNCT
ajfa-10600	249	17	s.	s.	PROPN
ajfa-10600	249	18	a.	a.	PROPN
ajfa-10600	250	1	(	(	PUNCT
ajfa-10600	250	2	1993).trade	1993).trade	NUM
ajfa-10600	250	3	credit	credit	NOUN
ajfa-10600	250	4	,	,	PUNCT
ajfa-10600	250	5	quality	quality	NOUN
ajfa-10600	250	6	guarantees	guarantee	NOUN
ajfa-10600	250	7	,	,	PUNCT
ajfa-10600	250	8	and	and	CCONJ
ajfa-10600	250	9	product	product	NOUN
ajfa-10600	250	10	marketability	marketability	NOUN
ajfa-10600	250	11	.	.	PUNCT
ajfa-10600	251	1	financial	financial	ADJ
ajfa-10600	251	2	management	management	NOUN
ajfa-10600	251	3	,	,	PUNCT
ajfa-10600	251	4	117	117	NUM
ajfa-10600	251	5	-	-	SYM
ajfa-10600	251	6	127	127	NUM
ajfa-10600	251	7	.	.	PUNCT
ajfa-10600	252	1	https://doi.org/10.2307/3665582	https://doi.org/10.2307/3665582	PROPN
ajfa-10600	252	2	asian	asian	PROPN
ajfa-10600	252	3	journal	journal	PROPN
ajfa-10600	252	4	of	of	ADP
ajfa-10600	252	5	finance	finance	PROPN
ajfa-10600	252	6	&	&	CCONJ
ajfa-10600	252	7	accounting	accounting	PROPN
ajfa-10600	252	8	issn	issn	PROPN
ajfa-10600	252	9	1946	1946	NUM
ajfa-10600	252	10	-	-	PUNCT
ajfa-10600	252	11	052x	052x	PROPN
ajfa-10600	252	12	2017	2017	NUM
ajfa-10600	252	13	,	,	PUNCT
ajfa-10600	252	14	vol	vol	NOUN
ajfa-10600	252	15	.	.	NOUN
ajfa-10600	252	16	9	9	NUM
ajfa-10600	252	17	,	,	PUNCT
ajfa-10600	252	18	no	no	INTJ
ajfa-10600	252	19	.	.	NOUN
ajfa-10600	252	20	1	1	NUM
ajfa-10600	252	21	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10600	252	22	66	66	NUM
ajfa-10600	252	23	malik	malik	PROPN
ajfa-10600	252	24	,	,	PUNCT
ajfa-10600	252	25	m.	m.	NOUN
ajfa-10600	252	26	s.	s.	PROPN
ajfa-10600	252	27	,	,	PUNCT
ajfa-10600	252	28	&	&	CCONJ
ajfa-10600	252	29	bukhari	bukhari	PROPN
ajfa-10600	252	30	,	,	PUNCT
ajfa-10600	252	31	m.	m.	NOUN
ajfa-10600	252	32	(	(	PUNCT
ajfa-10600	252	33	2014	2014	NUM
ajfa-10600	252	34	)	)	PUNCT
ajfa-10600	252	35	.	.	PUNCT
ajfa-10600	253	1	the	the	DET
ajfa-10600	253	2	impact	impact	NOUN
ajfa-10600	253	3	of	of	ADP
ajfa-10600	253	4	working	work	VERB
ajfa-10600	253	5	capital	capital	NOUN
ajfa-10600	253	6	management	management	NOUN
ajfa-10600	253	7	on	on	ADP
ajfa-10600	253	8	corporate	corporate	ADJ
ajfa-10600	253	9	performance	performance	NOUN
ajfa-10600	253	10	:	:	PUNCT
ajfa-10600	253	11	a	a	DET
ajfa-10600	253	12	study	study	NOUN
ajfa-10600	253	13	of	of	ADP
ajfa-10600	253	14	firms	firm	NOUN
ajfa-10600	253	15	in	in	ADP
ajfa-10600	253	16	cement	cement	NOUN
ajfa-10600	253	17	,	,	PUNCT
ajfa-10600	253	18	chemical	chemical	NOUN
ajfa-10600	253	19	and	and	CCONJ
ajfa-10600	253	20	engineering	engineering	NOUN
ajfa-10600	253	21	sectors	sector	NOUN
ajfa-10600	253	22	of	of	ADP
ajfa-10600	253	23	pakistan	pakistan	PROPN
ajfa-10600	253	24	.	.	PUNCT
ajfa-10600	254	1	pakistan	pakistan	PROPN
ajfa-10600	254	2	journal	journal	PROPN
ajfa-10600	254	3	of	of	ADP
ajfa-10600	254	4	commerce	commerce	PROPN
ajfa-10600	254	5	and	and	CCONJ
ajfa-10600	254	6	social	social	ADJ
ajfa-10600	254	7	sciences	science	NOUN
ajfa-10600	254	8	,	,	PUNCT
ajfa-10600	254	9	8(1	8(1	NOUN
ajfa-10600	254	10	)	)	PUNCT
ajfa-10600	254	11	,	,	PUNCT
ajfa-10600	254	12	134	134	NUM
ajfa-10600	254	13	-	-	SYM
ajfa-10600	254	14	148	148	NUM
ajfa-10600	254	15	.	.	PUNCT
ajfa-10600	255	1	moss	moss	NOUN
ajfa-10600	255	2	,	,	PUNCT
ajfa-10600	255	3	j.	j.	PROPN
ajfa-10600	255	4	d.	d.	PROPN
ajfa-10600	255	5	,	,	PUNCT
ajfa-10600	255	6	&	&	CCONJ
ajfa-10600	255	7	stine	stine	PROPN
ajfa-10600	255	8	,	,	PUNCT
ajfa-10600	255	9	b.	b.	PROPN
ajfa-10600	255	10	(	(	PUNCT
ajfa-10600	255	11	1993	1993	NUM
ajfa-10600	255	12	)	)	PUNCT
ajfa-10600	255	13	.	.	PUNCT
ajfa-10600	256	1	cash	cash	NOUN
ajfa-10600	256	2	conversion	conversion	NOUN
ajfa-10600	256	3	cycle	cycle	NOUN
ajfa-10600	256	4	and	and	CCONJ
ajfa-10600	256	5	firm	firm	ADJ
ajfa-10600	256	6	size	size	NOUN
ajfa-10600	256	7	:	:	PUNCT
ajfa-10600	256	8	a	a	DET
ajfa-10600	256	9	study	study	NOUN
ajfa-10600	256	10	of	of	ADP
ajfa-10600	256	11	retail	retail	ADJ
ajfa-10600	256	12	firms	firm	NOUN
ajfa-10600	256	13	.	.	PUNCT
ajfa-10600	257	1	managerial	managerial	ADJ
ajfa-10600	257	2	finance	finance	NOUN
ajfa-10600	257	3	,	,	PUNCT
ajfa-10600	257	4	19(8	19(8	NUM
ajfa-10600	257	5	)	)	PUNCT
ajfa-10600	257	6	,	,	PUNCT
ajfa-10600	257	7	25	25	NUM
ajfa-10600	257	8	-	-	SYM
ajfa-10600	257	9	34	34	NUM
ajfa-10600	257	10	.	.	PUNCT
ajfa-10600	258	1	https://doi.org/10.1108/eb013739	https://doi.org/10.1108/eb013739	PROPN
ajfa-10600	258	2	muhammad	muhammad	PROPN
ajfa-10600	258	3	,	,	PUNCT
ajfa-10600	258	4	s.	s.	PROPN
ajfa-10600	258	5	,	,	PUNCT
ajfa-10600	258	6	jibril	jibril	PROPN
ajfa-10600	258	7	,	,	PUNCT
ajfa-10600	258	8	u.	u.	PROPN
ajfa-10600	258	9	r.	r.	PROPN
ajfa-10600	258	10	,	,	PUNCT
ajfa-10600	258	11	wambai	wambai	PROPN
ajfa-10600	258	12	,	,	PUNCT
ajfa-10600	258	13	s.	s.	PROPN
ajfa-10600	258	14	u.	u.	PROPN
ajfa-10600	258	15	,	,	PUNCT
ajfa-10600	258	16	&	&	CCONJ
ajfa-10600	258	17	ibrahim	ibrahim	PROPN
ajfa-10600	258	18	,	,	PUNCT
ajfa-10600	258	19	b.	b.	PROPN
ajfa-10600	258	20	f.	f.	PROPN
ajfa-10600	258	21	(	(	PUNCT
ajfa-10600	258	22	2015	2015	NUM
ajfa-10600	258	23	)	)	PUNCT
ajfa-10600	258	24	.	.	PUNCT
ajfa-10600	259	1	the	the	DET
ajfa-10600	259	2	effects	effect	NOUN
ajfa-10600	259	3	of	of	ADP
ajfa-10600	259	4	working	work	VERB
ajfa-10600	259	5	capital	capital	NOUN
ajfa-10600	259	6	management	management	NOUN
ajfa-10600	259	7	on	on	ADP
ajfa-10600	259	8	corporate	corporate	ADJ
ajfa-10600	259	9	profitability	profitability	NOUN
ajfa-10600	259	10	:	:	PUNCT
ajfa-10600	259	11	evidence	evidence	NOUN
ajfa-10600	259	12	from	from	ADP
ajfa-10600	259	13	nigerain	nigerain	NOUN
ajfa-10600	259	14	foof	foof	PROPN
ajfa-10600	259	15	product	product	NOUN
ajfa-10600	259	16	firms	firm	NOUN
ajfa-10600	259	17	.	.	PUNCT
ajfa-10600	260	1	applied	apply	VERB
ajfa-10600	260	2	finance	finance	NOUN
ajfa-10600	260	3	and	and	CCONJ
ajfa-10600	260	4	accounting	accounting	NOUN
ajfa-10600	260	5	,	,	PUNCT
ajfa-10600	260	6	1(2	1(2	NUM
ajfa-10600	260	7	)	)	PUNCT
ajfa-10600	260	8	,	,	PUNCT
ajfa-10600	260	9	55	55	NUM
ajfa-10600	260	10	-	-	SYM
ajfa-10600	260	11	63	63	NUM
ajfa-10600	260	12	.	.	PUNCT
ajfa-10600	261	1	https://doi.org/10.11114/afa.v1i2.842	https://doi.org/10.11114/afa.v1i2.842	PROPN
ajfa-10600	261	2	padachi	padachi	ADJ
ajfa-10600	261	3	,	,	PUNCT
ajfa-10600	261	4	k.	k.	PROPN
ajfa-10600	261	5	(	(	PUNCT
ajfa-10600	261	6	2006	2006	NUM
ajfa-10600	261	7	)	)	PUNCT
ajfa-10600	261	8	.	.	PUNCT
ajfa-10600	262	1	trends	trend	NOUN
ajfa-10600	262	2	in	in	ADP
ajfa-10600	262	3	working	work	VERB
ajfa-10600	262	4	capital	capital	NOUN
ajfa-10600	262	5	management	management	NOUN
ajfa-10600	262	6	and	and	CCONJ
ajfa-10600	262	7	its	its	PRON
ajfa-10600	262	8	impact	impact	NOUN
ajfa-10600	262	9	on	on	ADP
ajfa-10600	262	10	firms	firm	NOUN
ajfa-10600	262	11	performance	performance	NOUN
ajfa-10600	262	12	:	:	PUNCT
ajfa-10600	262	13	an	an	DET
ajfa-10600	262	14	analysis	analysis	NOUN
ajfa-10600	262	15	of	of	ADP
ajfa-10600	262	16	mauritian	mauritian	ADJ
ajfa-10600	262	17	small	small	ADJ
ajfa-10600	262	18	manufacturing	manufacturing	NOUN
ajfa-10600	262	19	firms	firm	NOUN
ajfa-10600	262	20	”	"	PUNCT
ajfa-10600	262	21	,	,	PUNCT
ajfa-10600	262	22	international	international	ADJ
ajfa-10600	262	23	review	review	NOUN
ajfa-10600	262	24	of	of	ADP
ajfa-10600	262	25	business	business	NOUN
ajfa-10600	262	26	research	research	NOUN
ajfa-10600	262	27	papers	paper	NOUN
ajfa-10600	262	28	,	,	PUNCT
ajfa-10600	262	29	2(2	2(2	NUM
ajfa-10600	262	30	)	)	PUNCT
ajfa-10600	262	31	,	,	PUNCT
ajfa-10600	262	32	45	45	NUM
ajfa-10600	262	33	-	-	SYM
ajfa-10600	262	34	58	58	NUM
ajfa-10600	262	35	.	.	PUNCT
ajfa-10600	263	1	raheman	raheman	NOUN
ajfa-10600	263	2	,	,	PUNCT
ajfa-10600	263	3	a.	a.	PROPN
ajfa-10600	263	4	,	,	PUNCT
ajfa-10600	263	5	&	&	CCONJ
ajfa-10600	263	6	nasr	nasr	PROPN
ajfa-10600	263	7	,	,	PUNCT
ajfa-10600	263	8	m.	m.	NOUN
ajfa-10600	263	9	(	(	PUNCT
ajfa-10600	263	10	2007	2007	NUM
ajfa-10600	263	11	)	)	PUNCT
ajfa-10600	263	12	.	.	PUNCT
ajfa-10600	264	1	working	work	VERB
ajfa-10600	264	2	capital	capital	NOUN
ajfa-10600	264	3	management	management	NOUN
ajfa-10600	264	4	and	and	CCONJ
ajfa-10600	264	5	profitability	profitability	NOUN
ajfa-10600	264	6	–	–	PUNCT
ajfa-10600	264	7	case	case	NOUN
ajfa-10600	264	8	of	of	ADP
ajfa-10600	264	9	pakistani	pakistani	ADJ
ajfa-10600	264	10	firms	firm	NOUN
ajfa-10600	264	11	.	.	PUNCT
ajfa-10600	265	1	international	international	ADJ
ajfa-10600	265	2	review	review	NOUN
ajfa-10600	265	3	of	of	ADP
ajfa-10600	265	4	business	business	NOUN
ajfa-10600	265	5	research	research	NOUN
ajfa-10600	265	6	papers	paper	NOUN
ajfa-10600	265	7	,	,	PUNCT
ajfa-10600	265	8	3(1	3(1	NUM
ajfa-10600	265	9	)	)	PUNCT
ajfa-10600	265	10	,	,	PUNCT
ajfa-10600	265	11	279	279	NUM
ajfa-10600	265	12	-	-	SYM
ajfa-10600	265	13	300	300	NUM
ajfa-10600	265	14	.	.	PUNCT
ajfa-10600	266	1	samiloglu	samiloglu	PROPN
ajfa-10600	266	2	,	,	PUNCT
ajfa-10600	266	3	f.	f.	PROPN
ajfa-10600	266	4	and	and	CCONJ
ajfa-10600	266	5	k.	k.	PROPN
ajfa-10600	266	6	demirgunes	demirgunes	PROPN
ajfa-10600	266	7	,	,	PUNCT
ajfa-10600	266	8	(	(	PUNCT
ajfa-10600	266	9	2008	2008	NUM
ajfa-10600	266	10	)	)	PUNCT
ajfa-10600	266	11	.	.	PUNCT
ajfa-10600	267	1	the	the	DET
ajfa-10600	267	2	effects	effect	NOUN
ajfa-10600	267	3	of	of	ADP
ajfa-10600	267	4	working	work	VERB
ajfa-10600	267	5	capital	capital	NOUN
ajfa-10600	267	6	management	management	NOUN
ajfa-10600	267	7	on	on	ADP
ajfa-10600	267	8	firm	firm	ADJ
ajfa-10600	267	9	profitability	profitability	NOUN
ajfa-10600	267	10	.	.	PUNCT
ajfa-10600	268	1	evidence	evidence	NOUN
ajfa-10600	268	2	from	from	ADP
ajfa-10600	268	3	turkey	turkey	PROPN
ajfa-10600	268	4	.	.	PUNCT
ajfa-10600	269	1	the	the	DET
ajfa-10600	269	2	international	international	ADJ
ajfa-10600	269	3	journal	journal	NOUN
ajfa-10600	269	4	of	of	ADP
ajfa-10600	269	5	ptd	ptd	PROPN
ajfa-10600	269	6	lied	lie	VERB
ajfa-10600	269	7	economics	economic	NOUN
ajfa-10600	269	8	and	and	CCONJ
ajfa-10600	269	9	finance	finance	NOUN
ajfa-10600	269	10	,	,	PUNCT
ajfa-10600	269	11	2(1	2(1	NUM
ajfa-10600	269	12	)	)	PUNCT
ajfa-10600	269	13	,	,	PUNCT
ajfa-10600	269	14	44	44	NUM
ajfa-10600	269	15	-	-	SYM
ajfa-10600	269	16	50	50	NUM
ajfa-10600	269	17	.	.	PUNCT
ajfa-10600	270	1	shah	shah	PROPN
ajfa-10600	270	2	,	,	PUNCT
ajfa-10600	270	3	s.	s.	PROPN
ajfa-10600	270	4	a.	a.	PROPN
ajfa-10600	270	5	,	,	PUNCT
ajfa-10600	270	6	&	&	CCONJ
ajfa-10600	270	7	sana	sana	PROPN
ajfa-10600	270	8	,	,	PUNCT
ajfa-10600	270	9	a.	a.	NOUN
ajfa-10600	270	10	(	(	PUNCT
ajfa-10600	270	11	2005	2005	NUM
ajfa-10600	270	12	)	)	PUNCT
ajfa-10600	270	13	.	.	PUNCT
ajfa-10600	271	1	impact	impact	NOUN
ajfa-10600	271	2	of	of	ADP
ajfa-10600	271	3	working	work	VERB
ajfa-10600	271	4	capital	capital	NOUN
ajfa-10600	271	5	management	management	NOUN
ajfa-10600	271	6	on	on	ADP
ajfa-10600	271	7	the	the	DET
ajfa-10600	271	8	profitability	profitability	NOUN
ajfa-10600	271	9	of	of	ADP
ajfa-10600	271	10	oil	oil	NOUN
ajfa-10600	271	11	and	and	CCONJ
ajfa-10600	271	12	gas	gas	NOUN
ajfa-10600	271	13	sector	sector	NOUN
ajfa-10600	271	14	of	of	ADP
ajfa-10600	271	15	pakistan	pakistan	PROPN
ajfa-10600	271	16	.	.	PUNCT
ajfa-10600	272	1	editor	editor	NOUN
ajfa-10600	272	2	-	-	PUNCT
ajfa-10600	272	3	in	in	ADP
ajfa-10600	272	4	-	-	PUNCT
ajfa-10600	272	5	chief	chief	NOUN
ajfa-10600	272	6	or	or	CCONJ
ajfa-10600	272	7	e	e	NOUN
ajfa-10600	272	8	,	,	PUNCT
ajfa-10600	272	9	15(3	15(3	NUM
ajfa-10600	272	10	)	)	PUNCT
ajfa-10600	272	11	,	,	PUNCT
ajfa-10600	272	12	301	301	NUM
ajfa-10600	272	13	-	-	SYM
ajfa-10600	272	14	307	307	NUM
ajfa-10600	272	15	.	.	PUNCT
ajfa-10600	273	1	shin	shin	PROPN
ajfa-10600	273	2	,	,	PUNCT
ajfa-10600	273	3	h.	h.	PROPN
ajfa-10600	273	4	h.	h.	PROPN
ajfa-10600	273	5	,	,	PUNCT
ajfa-10600	273	6	&	&	CCONJ
ajfa-10600	273	7	soenen	soenen	PROPN
ajfa-10600	273	8	,	,	PUNCT
ajfa-10600	273	9	l.	l.	PROPN
ajfa-10600	273	10	(	(	PUNCT
ajfa-10600	273	11	1998	1998	NUM
ajfa-10600	273	12	)	)	PUNCT
ajfa-10600	273	13	.	.	PUNCT
ajfa-10600	274	1	efficiency	efficiency	NOUN
ajfa-10600	274	2	of	of	ADP
ajfa-10600	274	3	working	work	VERB
ajfa-10600	274	4	capital	capital	NOUN
ajfa-10600	274	5	management	management	NOUN
ajfa-10600	274	6	and	and	CCONJ
ajfa-10600	274	7	corporate	corporate	ADJ
ajfa-10600	274	8	profitability	profitability	NOUN
ajfa-10600	274	9	.	.	PUNCT
ajfa-10600	275	1	financial	financial	ADJ
ajfa-10600	275	2	practice	practice	NOUN
ajfa-10600	275	3	and	and	CCONJ
ajfa-10600	275	4	education	education	NOUN
ajfa-10600	275	5	,	,	PUNCT
ajfa-10600	275	6	8(2	8(2	NUM
ajfa-10600	275	7	)	)	PUNCT
ajfa-10600	275	8	,	,	PUNCT
ajfa-10600	275	9	37	37	NUM
ajfa-10600	275	10	-	-	SYM
ajfa-10600	275	11	45	45	NUM
ajfa-10600	275	12	.	.	PUNCT
ajfa-10600	276	1	smith	smith	PROPN
ajfa-10600	276	2	,	,	PUNCT
ajfa-10600	276	3	k.	k.	PROPN
ajfa-10600	276	4	(	(	PUNCT
ajfa-10600	276	5	1980	1980	NUM
ajfa-10600	276	6	)	)	PUNCT
ajfa-10600	276	7	.	.	PUNCT
ajfa-10600	277	1	profitability	profitability	NOUN
ajfa-10600	277	2	versus	versus	ADP
ajfa-10600	277	3	liquidity	liquidity	NOUN
ajfa-10600	277	4	tradeoffs	tradeoff	NOUN
ajfa-10600	277	5	in	in	ADP
ajfa-10600	277	6	working	work	VERB
ajfa-10600	277	7	capital	capital	NOUN
ajfa-10600	277	8	management	management	NOUN
ajfa-10600	277	9	,	,	PUNCT
ajfa-10600	277	10	in	in	ADP
ajfa-10600	277	11	readings	reading	NOUN
ajfa-10600	277	12	on	on	ADP
ajfa-10600	277	13	the	the	DET
ajfa-10600	277	14	management	management	NOUN
ajfa-10600	277	15	of	of	ADP
ajfa-10600	277	16	working	work	VERB
ajfa-10600	277	17	capital	capital	NOUN
ajfa-10600	277	18	.	.	PUNCT
ajfa-10600	278	1	new	new	PROPN
ajfa-10600	278	2	york	york	PROPN
ajfa-10600	278	3	:	:	PUNCT
ajfa-10600	278	4	st	st	PROPN
ajfa-10600	278	5	.	.	PROPN
ajfa-10600	278	6	paul	paul	PROPN
ajfa-10600	278	7	,	,	PUNCT
ajfa-10600	278	8	west	west	PROPN
ajfa-10600	278	9	publishing	publishing	PROPN
ajfa-10600	278	10	company	company	PROPN
ajfa-10600	278	11	smith	smith	PROPN
ajfa-10600	278	12	,	,	PUNCT
ajfa-10600	278	13	mb	mb	PROPN
ajfa-10600	278	14	.	.	PROPN
ajfa-10600	278	15	&	&	CCONJ
ajfa-10600	278	16	begemann	begemann	PROPN
ajfa-10600	278	17	,	,	PUNCT
ajfa-10600	278	18	e.	e.	PROPN
ajfa-10600	278	19	(	(	PUNCT
ajfa-10600	278	20	1997	1997	NUM
ajfa-10600	278	21	)	)	PUNCT
ajfa-10600	278	22	.	.	PUNCT
ajfa-10600	279	1	measuring	measure	VERB
ajfa-10600	279	2	association	association	NOUN
ajfa-10600	279	3	between	between	ADP
ajfa-10600	279	4	working	work	VERB
ajfa-10600	279	5	capital	capital	NOUN
ajfa-10600	279	6	and	and	CCONJ
ajfa-10600	279	7	return	return	VERB
ajfa-10600	279	8	on	on	ADP
ajfa-10600	279	9	investment	investment	NOUN
ajfa-10600	279	10	.	.	PUNCT
ajfa-10600	280	1	south	south	PROPN
ajfa-10600	280	2	africa	africa	PROPN
ajfa-10600	280	3	journal	journal	PROPN
ajfa-10600	280	4	of	of	ADP
ajfa-10600	280	5	business	business	NOUN
ajfa-10600	280	6	management	management	NOUN
ajfa-10600	280	7	,	,	PUNCT
ajfa-10600	280	8	28(1	28(1	NOUN
ajfa-10600	280	9	)	)	PUNCT
ajfa-10600	280	10	,	,	PUNCT
ajfa-10600	280	11	1	1	NUM
ajfa-10600	280	12	-	-	SYM
ajfa-10600	280	13	5	5	NUM
ajfa-10600	280	14	soenen	soenen	NOUN
ajfa-10600	280	15	,	,	PUNCT
ajfa-10600	280	16	l.	l.	PROPN
ajfa-10600	280	17	a.	a.	PROPN
ajfa-10600	280	18	(	(	PUNCT
ajfa-10600	280	19	1993	1993	NUM
ajfa-10600	280	20	)	)	PUNCT
ajfa-10600	280	21	.	.	PUNCT
ajfa-10600	281	1	cash	cash	NOUN
ajfa-10600	281	2	conversion	conversion	NOUN
ajfa-10600	281	3	cycle	cycle	NOUN
ajfa-10600	281	4	and	and	CCONJ
ajfa-10600	281	5	corporate	corporate	ADJ
ajfa-10600	281	6	profitability	profitability	NOUN
ajfa-10600	281	7	.	.	PUNCT
ajfa-10600	282	1	journal	journal	NOUN
ajfa-10600	282	2	of	of	ADP
ajfa-10600	282	3	cash	cash	NOUN
ajfa-10600	282	4	management	management	NOUN
ajfa-10600	282	5	,	,	PUNCT
ajfa-10600	282	6	13	13	NUM
ajfa-10600	282	7	,	,	PUNCT
ajfa-10600	282	8	53	53	NUM
ajfa-10600	282	9	-	-	SYM
ajfa-10600	282	10	53	53	NUM
ajfa-10600	282	11	.	.	PUNCT
ajfa-10600	283	1	theodore	theodore	PROPN
ajfa-10600	283	2	farris	farris	PROPN
ajfa-10600	283	3	,	,	PUNCT
ajfa-10600	283	4	m.	m.	NOUN
ajfa-10600	283	5	,	,	PUNCT
ajfa-10600	283	6	&	&	CCONJ
ajfa-10600	283	7	hutchison	hutchison	PROPN
ajfa-10600	283	8	,	,	PUNCT
ajfa-10600	283	9	p.	p.	PROPN
ajfa-10600	283	10	d.	d.	PROPN
ajfa-10600	283	11	(	(	PUNCT
ajfa-10600	283	12	2002	2002	NUM
ajfa-10600	283	13	)	)	PUNCT
ajfa-10600	283	14	.	.	PUNCT
ajfa-10600	284	1	cash	cash	NOUN
ajfa-10600	284	2	-	-	PUNCT
ajfa-10600	284	3	to	to	ADP
ajfa-10600	284	4	-	-	PUNCT
ajfa-10600	284	5	cash	cash	NOUN
ajfa-10600	284	6	:	:	PUNCT
ajfa-10600	284	7	the	the	DET
ajfa-10600	284	8	new	new	ADJ
ajfa-10600	284	9	supply	supply	NOUN
ajfa-10600	284	10	chain	chain	NOUN
ajfa-10600	284	11	management	management	NOUN
ajfa-10600	284	12	metric	metric	NOUN
ajfa-10600	284	13	.	.	PUNCT
ajfa-10600	285	1	international	international	ADJ
ajfa-10600	285	2	journal	journal	PROPN
ajfa-10600	285	3	of	of	ADP
ajfa-10600	285	4	physical	physical	ADJ
ajfa-10600	285	5	distribution	distribution	NOUN
ajfa-10600	285	6	&	&	CCONJ
ajfa-10600	285	7	logistics	logistic	NOUN
ajfa-10600	285	8	management	management	NOUN
ajfa-10600	285	9	,	,	PUNCT
ajfa-10600	285	10	32(4	32(4	NUM
ajfa-10600	285	11	)	)	PUNCT
ajfa-10600	285	12	,	,	PUNCT
ajfa-10600	285	13	288	288	NUM
ajfa-10600	285	14	-	-	SYM
ajfa-10600	285	15	298	298	NUM
ajfa-10600	285	16	.	.	PUNCT
ajfa-10600	286	1	https://doi.org/10.1108/09600030210430651	https://doi.org/10.1108/09600030210430651	NUM
ajfa-10600	286	2	usama	usama	NOUN
ajfa-10600	286	3	,	,	PUNCT
ajfa-10600	286	4	m.	m.	NOUN
ajfa-10600	286	5	(	(	PUNCT
ajfa-10600	286	6	2012	2012	NUM
ajfa-10600	286	7	)	)	PUNCT
ajfa-10600	286	8	.	.	PUNCT
ajfa-10600	287	1	working	work	VERB
ajfa-10600	287	2	capital	capital	NOUN
ajfa-10600	287	3	management	management	NOUN
ajfa-10600	287	4	and	and	CCONJ
ajfa-10600	287	5	its	its	PRON
ajfa-10600	287	6	affect	affect	NOUN
ajfa-10600	287	7	on	on	ADP
ajfa-10600	287	8	firm	firm	NOUN
ajfa-10600	287	9	's	's	PART
ajfa-10600	287	10	profitability	profitability	NOUN
ajfa-10600	287	11	and	and	CCONJ
ajfa-10600	287	12	liquidity	liquidity	NOUN
ajfa-10600	287	13	:	:	PUNCT
ajfa-10600	287	14	in	in	ADP
ajfa-10600	287	15	other	other	ADJ
ajfa-10600	287	16	food	food	NOUN
ajfa-10600	287	17	sector	sector	NOUN
ajfa-10600	287	18	of	of	ADP
ajfa-10600	287	19	(	(	PUNCT
ajfa-10600	287	20	kse	kse	PROPN
ajfa-10600	287	21	)	)	PUNCT
ajfa-10600	287	22	karachi	karachi	PROPN
ajfa-10600	287	23	stock	stock	NOUN
ajfa-10600	287	24	exchange.arabian	exchange.arabian	PROPN
ajfa-10600	287	25	journal	journal	NOUN
ajfa-10600	287	26	of	of	ADP
ajfa-10600	287	27	business	business	NOUN
ajfa-10600	287	28	and	and	CCONJ
ajfa-10600	287	29	management	management	NOUN
ajfa-10600	287	30	review	review	NOUN
ajfa-10600	287	31	(	(	PUNCT
ajfa-10600	287	32	oman	oman	PROPN
ajfa-10600	287	33	chapter	chapter	NOUN
ajfa-10600	287	34	)	)	PUNCT
ajfa-10600	287	35	,	,	PUNCT
ajfa-10600	287	36	1(12	1(12	NUM
ajfa-10600	287	37	)	)	PUNCT
ajfa-10600	287	38	,	,	PUNCT
ajfa-10600	287	39	62	62	NUM
ajfa-10600	287	40	-	-	SYM
ajfa-10600	287	41	73	73	NUM
ajfa-10600	287	42	.	.	PUNCT
ajfa-10600	288	1	https://doi.org/10.12816/0002232	https://doi.org/10.12816/0002232	X
ajfa-10600	288	2	zariyawati	zariyawati	PROPN
ajfa-10600	288	3	,	,	PUNCT
ajfa-10600	288	4	m.	m.	NOUN
ajfa-10600	288	5	a.	a.	PROPN
ajfa-10600	288	6	,	,	PUNCT
ajfa-10600	288	7	m.	m.	NOUN
ajfa-10600	288	8	n.	n.	PROPN
ajfa-10600	288	9	annuar	annuar	PROPN
ajfa-10600	288	10	,	,	PUNCT
ajfa-10600	288	11	h.	h.	PROPN
ajfa-10600	288	12	taufiq	taufiq	PROPN
ajfa-10600	288	13	and	and	CCONJ
ajfa-10600	288	14	a.	a.	PROPN
ajfa-10600	288	15	s.	s.	PROPN
ajfa-10600	288	16	abdul	abdul	PROPN
ajfa-10600	288	17	rahim	rahim	PROPN
ajfa-10600	288	18	(	(	PUNCT
ajfa-10600	288	19	2009	2009	NUM
ajfa-10600	288	20	)	)	PUNCT
ajfa-10600	288	21	.	.	PUNCT
ajfa-10600	289	1	working	work	VERB
ajfa-10600	289	2	capital	capital	NOUN
ajfa-10600	289	3	management	management	NOUN
ajfa-10600	289	4	and	and	CCONJ
ajfa-10600	289	5	corporate	corporate	ADJ
ajfa-10600	289	6	performance	performance	NOUN
ajfa-10600	289	7	:	:	PUNCT
ajfa-10600	289	8	case	case	NOUN
ajfa-10600	289	9	of	of	ADP
ajfa-10600	289	10	malaysia	malaysia	PROPN
ajfa-10600	289	11	.	.	PUNCT
ajfa-10600	290	1	journal	journal	PROPN
ajfa-10600	290	2	of	of	ADP
ajfa-10600	290	3	modern	modern	ADJ
ajfa-10600	290	4	accounting	accounting	NOUN
ajfa-10600	290	5	and	and	CCONJ
ajfa-10600	290	6	auditing	auditing	NOUN
ajfa-10600	290	7	,	,	PUNCT
ajfa-10600	290	8	5(11	5(11	NUM
ajfa-10600	290	9	)	)	PUNCT
ajfa-10600	290	10	47	47	NUM
ajfa-10600	290	11	-	-	SYM
ajfa-10600	290	12	54	54	NUM
ajfa-10600	290	13	.	.	PUNCT
ajfa-10600	291	1	asian	asian	ADJ
ajfa-10600	291	2	journal	journal	PROPN
ajfa-10600	291	3	of	of	ADP
ajfa-10600	291	4	finance	finance	PROPN
ajfa-10600	291	5	&	&	CCONJ
ajfa-10600	291	6	accounting	accounting	PROPN
ajfa-10600	291	7	issn	issn	PROPN
ajfa-10600	291	8	1946	1946	NUM
ajfa-10600	291	9	-	-	PUNCT
ajfa-10600	291	10	052x	052x	PROPN
ajfa-10600	291	11	2017	2017	NUM
ajfa-10600	291	12	,	,	PUNCT
ajfa-10600	291	13	vol	vol	NOUN
ajfa-10600	291	14	.	.	NOUN
ajfa-10600	291	15	9	9	NUM
ajfa-10600	291	16	,	,	PUNCT
ajfa-10600	291	17	no	no	INTJ
ajfa-10600	291	18	.	.	NOUN
ajfa-10600	291	19	1	1	NUM
ajfa-10600	291	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10600	291	21	67	67	NUM
ajfa-10600	291	22	zubairi	zubairi	NOUN
ajfa-10600	291	23	,	,	PUNCT
ajfa-10600	291	24	h.	h.	PROPN
ajfa-10600	291	25	j.	j.	PROPN
ajfa-10600	291	26	,	,	PUNCT
ajfa-10600	291	27	&	&	CCONJ
ajfa-10600	291	28	baig	baig	PROPN
ajfa-10600	291	29	,	,	PUNCT
ajfa-10600	291	30	m.	m.	NOUN
ajfa-10600	291	31	a.	a.	PROPN
ajfa-10600	291	32	(	(	PUNCT
ajfa-10600	291	33	2010	2010	NUM
ajfa-10600	291	34	)	)	PUNCT
ajfa-10600	291	35	.	.	PUNCT
ajfa-10600	292	1	impact	impact	NOUN
ajfa-10600	292	2	of	of	ADP
ajfa-10600	292	3	working	work	VERB
ajfa-10600	292	4	capital	capital	NOUN
ajfa-10600	292	5	management	management	NOUN
ajfa-10600	292	6	and	and	CCONJ
ajfa-10600	292	7	capital	capital	NOUN
ajfa-10600	292	8	structure	structure	NOUN
ajfa-10600	292	9	on	on	ADP
ajfa-10600	292	10	profitability	profitability	NOUN
ajfa-10600	292	11	:	:	PUNCT
ajfa-10600	292	12	the	the	DET
ajfa-10600	292	13	case	case	NOUN
ajfa-10600	292	14	of	of	ADP
ajfa-10600	292	15	kse	kse	NOUN
ajfa-10600	292	16	quoted	quote	VERB
ajfa-10600	292	17	automobile	automobile	NOUN
ajfa-10600	292	18	firms	firm	NOUN
ajfa-10600	292	19	.	.	PUNCT
ajfa-10600	293	1	pakistan	pakistan	PROPN
ajfa-10600	293	2	business	business	PROPN
ajfa-10600	293	3	review	review	PROPN
ajfa-10600	293	4	,	,	PUNCT
ajfa-10600	293	5	444	444	NUM
ajfa-10600	293	6	.	.	PUNCT