id	sid	tid	token	lemma	pos
ajfa-10763	1	1	microsoft	microsoft	PROPN
ajfa-10763	1	2	word	word	NOUN
ajfa-10763	1	3	10763	10763	NUM
ajfa-10763	1	4	-	-	PUNCT
ajfa-10763	1	5	39715	39715	NUM
ajfa-10763	1	6	-	-	PUNCT
ajfa-10763	1	7	1	1	NUM
ajfa-10763	1	8	-	-	PUNCT
ajfa-10763	1	9	sm	sm	NOUN
ajfa-10763	1	10	-	-	PUNCT
ajfa-10763	1	11	writer2	writer2	VERB
ajfa-10763	1	12	-	-	ADJ
ajfa-10763	1	13	new	new	ADJ
ajfa-10763	1	14	asian	asian	ADJ
ajfa-10763	1	15	journal	journal	NOUN
ajfa-10763	1	16	of	of	ADP
ajfa-10763	1	17	finance	finance	PROPN
ajfa-10763	1	18	&	&	CCONJ
ajfa-10763	1	19	accounting	accounting	PROPN
ajfa-10763	1	20	issn	issn	PROPN
ajfa-10763	1	21	1946	1946	NUM
ajfa-10763	1	22	-	-	PUNCT
ajfa-10763	1	23	052x	052x	PROPN
ajfa-10763	1	24	2017	2017	NUM
ajfa-10763	1	25	,	,	PUNCT
ajfa-10763	1	26	vol	vol	NOUN
ajfa-10763	1	27	.	.	NOUN
ajfa-10763	1	28	9	9	NUM
ajfa-10763	1	29	,	,	PUNCT
ajfa-10763	1	30	no	no	INTJ
ajfa-10763	1	31	.	.	NOUN
ajfa-10763	1	32	1	1	NUM
ajfa-10763	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	1	34	136	136	NUM
ajfa-10763	1	35	ceo	ceo	NOUN
ajfa-10763	1	36	overconfidence	overconfidence	NOUN
ajfa-10763	1	37	and	and	CCONJ
ajfa-10763	1	38	fair	fair	ADJ
ajfa-10763	1	39	value	value	NOUN
ajfa-10763	1	40	reporting	reporting	NOUN
ajfa-10763	1	41	-	-	PUNCT
ajfa-10763	1	42	the	the	DET
ajfa-10763	1	43	moderating	moderate	VERB
ajfa-10763	1	44	effect	effect	NOUN
ajfa-10763	1	45	of	of	ADP
ajfa-10763	1	46	corporate	corporate	ADJ
ajfa-10763	1	47	governance	governance	NOUN
ajfa-10763	1	48	hui	hui	PROPN
ajfa-10763	1	49	-	-	PUNCT
ajfa-10763	1	50	wen	wen	PROPN
ajfa-10763	1	51	hsu1	hsu1	PROPN
ajfa-10763	1	52	department	department	PROPN
ajfa-10763	1	53	of	of	ADP
ajfa-10763	1	54	public	public	ADJ
ajfa-10763	1	55	finance	finance	NOUN
ajfa-10763	1	56	,	,	PUNCT
ajfa-10763	1	57	feng	feng	PROPN
ajfa-10763	1	58	chia	chia	PROPN
ajfa-10763	1	59	university	university	PROPN
ajfa-10763	1	60	no	no	INTJ
ajfa-10763	1	61	.	.	PROPN
ajfa-10763	1	62	100	100	NUM
ajfa-10763	1	63	,	,	PUNCT
ajfa-10763	1	64	wenhwa	wenhwa	PROPN
ajfa-10763	1	65	rd	rd	PROPN
ajfa-10763	1	66	.	.	PROPN
ajfa-10763	1	67	,	,	PUNCT
ajfa-10763	1	68	seatwen	seatwen	PROPN
ajfa-10763	1	69	,	,	PUNCT
ajfa-10763	1	70	taichung	taichung	PROPN
ajfa-10763	1	71	city	city	PROPN
ajfa-10763	1	72	407	407	NUM
ajfa-10763	1	73	,	,	PUNCT
ajfa-10763	1	74	taiwan	taiwan	PROPN
ajfa-10763	1	75	tel	tel	PROPN
ajfa-10763	1	76	:	:	PUNCT
ajfa-10763	1	77	886	886	NUM
ajfa-10763	1	78	-	-	SYM
ajfa-10763	1	79	4	4	NUM
ajfa-10763	1	80	-	-	PUNCT
ajfa-10763	1	81	2451	2451	NUM
ajfa-10763	1	82	-	-	SYM
ajfa-10763	1	83	7250	7250	NUM
ajfa-10763	1	84	ext.4322	ext.4322	ADP
ajfa-10763	1	85	e	e	NOUN
ajfa-10763	1	86	-	-	NOUN
ajfa-10763	1	87	mail	mail	NOUN
ajfa-10763	1	88	:	:	PUNCT
ajfa-10763	1	89	hwhsu@fcu.edu.tw	hwhsu@fcu.edu.tw	PROPN
ajfa-10763	1	90	received	receive	VERB
ajfa-10763	1	91	:	:	PUNCT
ajfa-10763	1	92	jan	jan	PROPN
ajfa-10763	1	93	.	.	PROPN
ajfa-10763	1	94	22	22	NUM
ajfa-10763	1	95	,	,	PUNCT
ajfa-10763	1	96	2017	2017	NUM
ajfa-10763	1	97	accepted	accept	VERB
ajfa-10763	1	98	:	:	PUNCT
ajfa-10763	1	99	february	february	PROPN
ajfa-10763	1	100	25	25	NUM
ajfa-10763	1	101	,	,	PUNCT
ajfa-10763	1	102	2017	2017	NUM
ajfa-10763	1	103	published	publish	VERB
ajfa-10763	1	104	:	:	PUNCT
ajfa-10763	1	105	june	june	PROPN
ajfa-10763	1	106	1	1	NUM
ajfa-10763	1	107	,	,	PUNCT
ajfa-10763	1	108	2017	2017	NUM
ajfa-10763	1	109	doi:10.5296	doi:10.5296	NOUN
ajfa-10763	1	110	/	/	SYM
ajfa-10763	1	111	ajfa.v9i1.10763	ajfa.v9i1.10763	PROPN
ajfa-10763	1	112	url	url	PROPN
ajfa-10763	1	113	:	:	PUNCT
ajfa-10763	1	114	https://doi.org/10.5296/ajfa.v9i1.10763	https://doi.org/10.5296/ajfa.v9i1.10763	X
ajfa-10763	1	115	abstract	abstract	ADV
ajfa-10763	1	116	this	this	DET
ajfa-10763	1	117	project	project	NOUN
ajfa-10763	1	118	examines	examine	VERB
ajfa-10763	1	119	whether	whether	SCONJ
ajfa-10763	1	120	ceo	ceo	NOUN
ajfa-10763	1	121	overconfidence	overconfidence	NOUN
ajfa-10763	1	122	affects	affect	VERB
ajfa-10763	1	123	firm	firm	NOUN
ajfa-10763	1	124	's	's	PART
ajfa-10763	1	125	fair	fair	ADJ
ajfa-10763	1	126	value	value	NOUN
ajfa-10763	1	127	reporting	reporting	NOUN
ajfa-10763	1	128	.	.	PUNCT
ajfa-10763	2	1	moreover	moreover	ADV
ajfa-10763	2	2	,	,	PUNCT
ajfa-10763	2	3	prior	prior	ADJ
ajfa-10763	2	4	literature	literature	NOUN
ajfa-10763	2	5	indicates	indicate	VERB
ajfa-10763	2	6	effective	effective	ADJ
ajfa-10763	2	7	corporate	corporate	ADJ
ajfa-10763	2	8	governance	governance	NOUN
ajfa-10763	2	9	mechanisms	mechanism	NOUN
ajfa-10763	2	10	ameliorate	ameliorate	VERB
ajfa-10763	2	11	the	the	DET
ajfa-10763	2	12	adverse	adverse	ADJ
ajfa-10763	2	13	impact	impact	NOUN
ajfa-10763	2	14	of	of	ADP
ajfa-10763	2	15	ceo	ceo	NOUN
ajfa-10763	2	16	overconfidence	overconfidence	NOUN
ajfa-10763	2	17	.	.	PUNCT
ajfa-10763	3	1	thus	thus	ADV
ajfa-10763	3	2	,	,	PUNCT
ajfa-10763	3	3	this	this	DET
ajfa-10763	3	4	paper	paper	NOUN
ajfa-10763	3	5	further	far	ADV
ajfa-10763	3	6	investigates	investigate	VERB
ajfa-10763	3	7	whether	whether	SCONJ
ajfa-10763	3	8	effective	effective	ADJ
ajfa-10763	3	9	corporate	corporate	ADJ
ajfa-10763	3	10	governance	governance	NOUN
ajfa-10763	3	11	will	will	AUX
ajfa-10763	3	12	mitigate	mitigate	VERB
ajfa-10763	3	13	the	the	DET
ajfa-10763	3	14	association	association	NOUN
ajfa-10763	3	15	between	between	ADP
ajfa-10763	3	16	ceo	ceo	NOUN
ajfa-10763	3	17	overconfidence	overconfidence	NOUN
ajfa-10763	3	18	and	and	CCONJ
ajfa-10763	3	19	level	level	NOUN
ajfa-10763	3	20	3	3	NUM
ajfa-10763	3	21	fair	fair	ADJ
ajfa-10763	3	22	values	value	NOUN
ajfa-10763	3	23	.	.	PUNCT
ajfa-10763	4	1	using	use	VERB
ajfa-10763	4	2	a	a	DET
ajfa-10763	4	3	us	us	PROPN
ajfa-10763	4	4	sample	sample	NOUN
ajfa-10763	4	5	drawn	draw	VERB
ajfa-10763	4	6	from	from	ADP
ajfa-10763	4	7	2008	2008	NUM
ajfa-10763	4	8	to	to	ADP
ajfa-10763	4	9	2011	2011	NUM
ajfa-10763	4	10	,	,	PUNCT
ajfa-10763	4	11	the	the	DET
ajfa-10763	4	12	results	result	NOUN
ajfa-10763	4	13	of	of	ADP
ajfa-10763	4	14	this	this	DET
ajfa-10763	4	15	paper	paper	NOUN
ajfa-10763	4	16	show	show	VERB
ajfa-10763	4	17	that	that	SCONJ
ajfa-10763	4	18	firms	firm	NOUN
ajfa-10763	4	19	with	with	ADP
ajfa-10763	4	20	higher	high	ADJ
ajfa-10763	4	21	ceo	ceo	NOUN
ajfa-10763	4	22	overconfidence	overconfidence	NOUN
ajfa-10763	4	23	report	report	VERB
ajfa-10763	4	24	more	more	ADJ
ajfa-10763	4	25	level	level	NOUN
ajfa-10763	4	26	3	3	NUM
ajfa-10763	4	27	fair	fair	ADJ
ajfa-10763	4	28	values	value	NOUN
ajfa-10763	4	29	and	and	CCONJ
ajfa-10763	4	30	gains	gain	NOUN
ajfa-10763	4	31	from	from	ADP
ajfa-10763	4	32	level	level	NOUN
ajfa-10763	4	33	3	3	NUM
ajfa-10763	4	34	fair	fair	ADJ
ajfa-10763	4	35	values	value	NOUN
ajfa-10763	4	36	.	.	PUNCT
ajfa-10763	5	1	the	the	DET
ajfa-10763	5	2	results	result	NOUN
ajfa-10763	5	3	also	also	ADV
ajfa-10763	5	4	indicates	indicate	VERB
ajfa-10763	5	5	that	that	SCONJ
ajfa-10763	5	6	the	the	DET
ajfa-10763	5	7	positive	positive	ADJ
ajfa-10763	5	8	relationship	relationship	NOUN
ajfa-10763	5	9	between	between	ADP
ajfa-10763	5	10	higher	high	ADJ
ajfa-10763	5	11	ceo	ceo	NOUN
ajfa-10763	5	12	overconfidence	overconfidence	NOUN
ajfa-10763	5	13	and	and	CCONJ
ajfa-10763	5	14	level	level	NOUN
ajfa-10763	5	15	3	3	NUM
ajfa-10763	5	16	fair	fair	ADJ
ajfa-10763	5	17	values	value	NOUN
ajfa-10763	5	18	reporting	reporting	NOUN
ajfa-10763	5	19	is	be	AUX
ajfa-10763	5	20	attenuated	attenuate	VERB
ajfa-10763	5	21	for	for	ADP
ajfa-10763	5	22	firms	firm	NOUN
ajfa-10763	5	23	with	with	ADP
ajfa-10763	5	24	high	high	ADJ
ajfa-10763	5	25	corporate	corporate	ADJ
ajfa-10763	5	26	governance	governance	NOUN
ajfa-10763	5	27	.	.	PUNCT
ajfa-10763	6	1	keywords	keyword	NOUN
ajfa-10763	6	2	:	:	PUNCT
ajfa-10763	6	3	ceo	ceo	NOUN
ajfa-10763	6	4	overconfidence	overconfidence	NOUN
ajfa-10763	6	5	,	,	PUNCT
ajfa-10763	6	6	fair	fair	ADJ
ajfa-10763	6	7	value	value	NOUN
ajfa-10763	6	8	reporting	reporting	NOUN
ajfa-10763	6	9	,	,	PUNCT
ajfa-10763	6	10	and	and	CCONJ
ajfa-10763	6	11	corporate	corporate	ADJ
ajfa-10763	6	12	governance	governance	NOUN
ajfa-10763	6	13	,	,	PUNCT
ajfa-10763	6	14	sfas	sfas	NOUN
ajfa-10763	6	15	no	no	INTJ
ajfa-10763	6	16	.	.	PROPN
ajfa-10763	7	1	157	157	NUM
ajfa-10763	7	2	,	,	PUNCT
ajfa-10763	7	3	level	level	NOUN
ajfa-10763	7	4	3	3	NUM
ajfa-10763	7	5	fair	fair	ADJ
ajfa-10763	7	6	values	value	NOUN
ajfa-10763	7	7	.	.	PUNCT
ajfa-10763	8	1	1	1	NUM
ajfa-10763	8	2	the	the	DET
ajfa-10763	8	3	author	author	NOUN
ajfa-10763	8	4	acknowledges	acknowledge	VERB
ajfa-10763	8	5	the	the	DET
ajfa-10763	8	6	financial	financial	ADJ
ajfa-10763	8	7	support	support	NOUN
ajfa-10763	8	8	of	of	ADP
ajfa-10763	8	9	ministry	ministry	PROPN
ajfa-10763	8	10	of	of	ADP
ajfa-10763	8	11	science	science	NOUN
ajfa-10763	8	12	and	and	CCONJ
ajfa-10763	8	13	technology	technology	NOUN
ajfa-10763	8	14	,	,	PUNCT
ajfa-10763	8	15	r.o.c	r.o.c	NOUN
ajfa-10763	8	16	.	.	PUNCT
ajfa-10763	9	1	(	(	PUNCT
ajfa-10763	9	2	project	project	NOUN
ajfa-10763	9	3	number	number	NOUN
ajfa-10763	9	4	most	most	ADV
ajfa-10763	9	5	104	104	NUM
ajfa-10763	9	6	-	-	PUNCT
ajfa-10763	9	7	2410	2410	NUM
ajfa-10763	9	8	-	-	PUNCT
ajfa-10763	9	9	h-035	h-035	NUM
ajfa-10763	9	10	-	-	PUNCT
ajfa-10763	9	11	016-	016-	NUM
ajfa-10763	9	12	)	)	PUNCT
ajfa-10763	9	13	.	.	PUNCT
ajfa-10763	10	1	asian	asian	ADJ
ajfa-10763	10	2	journal	journal	PROPN
ajfa-10763	10	3	of	of	ADP
ajfa-10763	10	4	finance	finance	PROPN
ajfa-10763	10	5	&	&	CCONJ
ajfa-10763	10	6	accounting	accounting	PROPN
ajfa-10763	10	7	issn	issn	PROPN
ajfa-10763	10	8	1946	1946	NUM
ajfa-10763	10	9	-	-	PUNCT
ajfa-10763	10	10	052x	052x	PROPN
ajfa-10763	10	11	2017	2017	NUM
ajfa-10763	10	12	,	,	PUNCT
ajfa-10763	10	13	vol	vol	NOUN
ajfa-10763	10	14	.	.	NOUN
ajfa-10763	10	15	9	9	NUM
ajfa-10763	10	16	,	,	PUNCT
ajfa-10763	10	17	no	no	INTJ
ajfa-10763	10	18	.	.	NOUN
ajfa-10763	10	19	1	1	NUM
ajfa-10763	10	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	10	21	137	137	NUM
ajfa-10763	10	22	1	1	NUM
ajfa-10763	10	23	.	.	PUNCT
ajfa-10763	11	1	introduction	introduction	NOUN
ajfa-10763	11	2	current	current	ADJ
ajfa-10763	11	3	accounting	accounting	NOUN
ajfa-10763	11	4	principles	principle	NOUN
ajfa-10763	11	5	around	around	ADP
ajfa-10763	11	6	the	the	DET
ajfa-10763	11	7	world	world	NOUN
ajfa-10763	11	8	,	,	PUNCT
ajfa-10763	11	9	including	include	VERB
ajfa-10763	11	10	the	the	DET
ajfa-10763	11	11	u.s.a	u.s.a	NOUN
ajfa-10763	11	12	.	.	PROPN
ajfa-10763	11	13	’s	’s	PART
ajfa-10763	11	14	generally	generally	ADV
ajfa-10763	11	15	accepted	accept	VERB
ajfa-10763	11	16	accounting	accounting	NOUN
ajfa-10763	11	17	principles	principle	NOUN
ajfa-10763	11	18	(	(	PUNCT
ajfa-10763	11	19	gaap	gaap	PROPN
ajfa-10763	11	20	)	)	PUNCT
ajfa-10763	11	21	and	and	CCONJ
ajfa-10763	11	22	international	international	ADJ
ajfa-10763	11	23	financial	financial	ADJ
ajfa-10763	11	24	reporting	reporting	NOUN
ajfa-10763	11	25	standards	standard	NOUN
ajfa-10763	11	26	(	(	PUNCT
ajfa-10763	11	27	ifrss	ifrss	NOUN
ajfa-10763	11	28	)	)	PUNCT
ajfa-10763	11	29	,	,	PUNCT
ajfa-10763	11	30	are	be	AUX
ajfa-10763	11	31	highly	highly	ADV
ajfa-10763	11	32	reliant	reliant	ADJ
ajfa-10763	11	33	on	on	ADP
ajfa-10763	11	34	the	the	DET
ajfa-10763	11	35	fair	fair	ADJ
ajfa-10763	11	36	value	value	NOUN
ajfa-10763	11	37	principle	principle	NOUN
ajfa-10763	11	38	.	.	PUNCT
ajfa-10763	12	1	fair	fair	ADJ
ajfa-10763	12	2	value	value	NOUN
ajfa-10763	12	3	information	information	NOUN
ajfa-10763	12	4	is	be	AUX
ajfa-10763	12	5	favored	favor	VERB
ajfa-10763	12	6	due	due	ADP
ajfa-10763	12	7	to	to	ADP
ajfa-10763	12	8	its	its	PRON
ajfa-10763	12	9	greater	great	ADJ
ajfa-10763	12	10	relevance	relevance	NOUN
ajfa-10763	12	11	(	(	PUNCT
ajfa-10763	12	12	barlev	barlev	NOUN
ajfa-10763	12	13	and	and	CCONJ
ajfa-10763	12	14	haddad	haddad	PROPN
ajfa-10763	12	15	,	,	PUNCT
ajfa-10763	12	16	2003	2003	NUM
ajfa-10763	12	17	)	)	PUNCT
ajfa-10763	12	18	and	and	CCONJ
ajfa-10763	12	19	the	the	DET
ajfa-10763	12	20	assistance	assistance	NOUN
ajfa-10763	12	21	that	that	PRON
ajfa-10763	12	22	it	it	PRON
ajfa-10763	12	23	provides	provide	VERB
ajfa-10763	12	24	in	in	ADP
ajfa-10763	12	25	encouraging	encourage	VERB
ajfa-10763	12	26	prompt	prompt	ADJ
ajfa-10763	12	27	corrective	corrective	ADJ
ajfa-10763	12	28	actions	action	NOUN
ajfa-10763	12	29	(	(	PUNCT
ajfa-10763	12	30	laux	laux	PROPN
ajfa-10763	12	31	and	and	CCONJ
ajfa-10763	12	32	leuz	leuz	PROPN
ajfa-10763	12	33	,	,	PUNCT
ajfa-10763	12	34	2009	2009	NUM
ajfa-10763	12	35	)	)	PUNCT
ajfa-10763	12	36	.	.	PUNCT
ajfa-10763	13	1	however	however	ADV
ajfa-10763	13	2	,	,	PUNCT
ajfa-10763	13	3	fair	fair	ADJ
ajfa-10763	13	4	value	value	NOUN
ajfa-10763	13	5	information	information	NOUN
ajfa-10763	13	6	has	have	VERB
ajfa-10763	13	7	some	some	DET
ajfa-10763	13	8	reliability	reliability	NOUN
ajfa-10763	13	9	issues	issue	NOUN
ajfa-10763	13	10	given	give	VERB
ajfa-10763	13	11	its	its	PRON
ajfa-10763	13	12	greater	great	ADJ
ajfa-10763	13	13	estimation	estimation	NOUN
ajfa-10763	13	14	error	error	NOUN
ajfa-10763	13	15	and	and	CCONJ
ajfa-10763	13	16	its	its	PRON
ajfa-10763	13	17	elicited	elicited	ADJ
ajfa-10763	13	18	managerial	managerial	ADJ
ajfa-10763	13	19	incentive	incentive	NOUN
ajfa-10763	13	20	of	of	ADP
ajfa-10763	13	21	manipulation	manipulation	NOUN
ajfa-10763	13	22	(	(	PUNCT
ajfa-10763	13	23	e.g.	e.g.	ADV
ajfa-10763	13	24	,	,	PUNCT
ajfa-10763	13	25	dechow	dechow	ADJ
ajfa-10763	13	26	et	et	PROPN
ajfa-10763	13	27	al	al	PROPN
ajfa-10763	13	28	.	.	PROPN
ajfa-10763	13	29	,	,	PUNCT
ajfa-10763	13	30	2010)2	2010)2	NUM
ajfa-10763	13	31	.	.	PUNCT
ajfa-10763	14	1	given	give	VERB
ajfa-10763	14	2	the	the	DET
ajfa-10763	14	3	ongoing	ongoing	ADJ
ajfa-10763	14	4	debate	debate	NOUN
ajfa-10763	14	5	as	as	ADP
ajfa-10763	14	6	to	to	ADP
ajfa-10763	14	7	whether	whether	SCONJ
ajfa-10763	14	8	fair	fair	ADJ
ajfa-10763	14	9	values	value	NOUN
ajfa-10763	14	10	can	can	AUX
ajfa-10763	14	11	be	be	AUX
ajfa-10763	14	12	measured	measure	VERB
ajfa-10763	14	13	with	with	ADP
ajfa-10763	14	14	sufficient	sufficient	ADJ
ajfa-10763	14	15	reliability	reliability	NOUN
ajfa-10763	14	16	and	and	CCONJ
ajfa-10763	14	17	whether	whether	SCONJ
ajfa-10763	14	18	they	they	PRON
ajfa-10763	14	19	can	can	AUX
ajfa-10763	14	20	be	be	AUX
ajfa-10763	14	21	opportunistically	opportunistically	ADV
ajfa-10763	14	22	manipulated	manipulate	VERB
ajfa-10763	14	23	,	,	PUNCT
ajfa-10763	14	24	the	the	DET
ajfa-10763	14	25	financial	financial	ADJ
ajfa-10763	14	26	accounting	accounting	NOUN
ajfa-10763	14	27	standards	standards	PROPN
ajfa-10763	14	28	board	board	NOUN
ajfa-10763	14	29	(	(	PUNCT
ajfa-10763	14	30	fasb	fasb	PROPN
ajfa-10763	14	31	)	)	PUNCT
ajfa-10763	14	32	issued	issue	VERB
ajfa-10763	14	33	sfas	sfas	NOUN
ajfa-10763	15	1	no	no	INTJ
ajfa-10763	15	2	.	.	PROPN
ajfa-10763	15	3	157	157	NUM
ajfa-10763	15	4	,	,	PUNCT
ajfa-10763	15	5	which	which	PRON
ajfa-10763	15	6	became	become	VERB
ajfa-10763	15	7	effective	effective	ADJ
ajfa-10763	15	8	for	for	ADP
ajfa-10763	15	9	fiscal	fiscal	ADJ
ajfa-10763	15	10	years	year	NOUN
ajfa-10763	15	11	beginning	begin	VERB
ajfa-10763	15	12	after	after	ADP
ajfa-10763	15	13	november	november	PROPN
ajfa-10763	15	14	15	15	NUM
ajfa-10763	15	15	,	,	PUNCT
ajfa-10763	15	16	2007	2007	NUM
ajfa-10763	15	17	.	.	PUNCT
ajfa-10763	16	1	sfas	sfas	PROPN
ajfa-10763	16	2	no	no	INTJ
ajfa-10763	16	3	.	.	PROPN
ajfa-10763	17	1	157	157	NUM
ajfa-10763	17	2	offers	offer	VERB
ajfa-10763	17	3	a	a	DET
ajfa-10763	17	4	uniform	uniform	ADJ
ajfa-10763	17	5	definition	definition	NOUN
ajfa-10763	17	6	of	of	ADP
ajfa-10763	17	7	fair	fair	ADJ
ajfa-10763	17	8	value	value	NOUN
ajfa-10763	17	9	,	,	PUNCT
ajfa-10763	17	10	develops	develop	VERB
ajfa-10763	17	11	a	a	DET
ajfa-10763	17	12	framework	framework	NOUN
ajfa-10763	17	13	for	for	ADP
ajfa-10763	17	14	measuring	measure	VERB
ajfa-10763	17	15	this	this	PRON
ajfa-10763	17	16	,	,	PUNCT
ajfa-10763	17	17	and	and	CCONJ
ajfa-10763	17	18	expands	expand	VERB
ajfa-10763	17	19	disclosure	disclosure	NOUN
ajfa-10763	17	20	about	about	ADP
ajfa-10763	17	21	fair	fair	ADJ
ajfa-10763	17	22	value	value	NOUN
ajfa-10763	17	23	measurements	measurement	NOUN
ajfa-10763	17	24	.	.	PUNCT
ajfa-10763	18	1	one	one	NUM
ajfa-10763	18	2	of	of	ADP
ajfa-10763	18	3	the	the	DET
ajfa-10763	18	4	requirements	requirement	NOUN
ajfa-10763	18	5	of	of	ADP
ajfa-10763	18	6	sfas	sfas	NOUN
ajfa-10763	18	7	no	no	INTJ
ajfa-10763	18	8	.	.	PROPN
ajfa-10763	19	1	157	157	NUM
ajfa-10763	19	2	is	be	AUX
ajfa-10763	19	3	the	the	DET
ajfa-10763	19	4	mandatory	mandatory	ADJ
ajfa-10763	19	5	disclosure	disclosure	NOUN
ajfa-10763	19	6	of	of	ADP
ajfa-10763	19	7	the	the	DET
ajfa-10763	19	8	fair	fair	ADJ
ajfa-10763	19	9	value	value	NOUN
ajfa-10763	19	10	estimates	estimate	NOUN
ajfa-10763	19	11	based	base	VERB
ajfa-10763	19	12	on	on	ADP
ajfa-10763	19	13	a	a	DET
ajfa-10763	19	14	three	three	NUM
ajfa-10763	19	15	-	-	PUNCT
ajfa-10763	19	16	level	level	NOUN
ajfa-10763	19	17	hierarchy	hierarchy	NOUN
ajfa-10763	19	18	,	,	PUNCT
ajfa-10763	19	19	which	which	PRON
ajfa-10763	19	20	is	be	AUX
ajfa-10763	19	21	of	of	ADP
ajfa-10763	19	22	particular	particular	ADJ
ajfa-10763	19	23	interest	interest	NOUN
ajfa-10763	19	24	to	to	ADP
ajfa-10763	19	25	the	the	DET
ajfa-10763	19	26	current	current	ADJ
ajfa-10763	19	27	study	study	NOUN
ajfa-10763	19	28	.	.	PUNCT
ajfa-10763	20	1	specifically	specifically	ADV
ajfa-10763	20	2	,	,	PUNCT
ajfa-10763	20	3	fas	fas	PROPN
ajfa-10763	20	4	no	no	NOUN
ajfa-10763	20	5	.	.	PUNCT
ajfa-10763	21	1	157	157	NUM
ajfa-10763	21	2	requires	require	VERB
ajfa-10763	21	3	firms	firm	NOUN
ajfa-10763	21	4	to	to	PART
ajfa-10763	21	5	report	report	VERB
ajfa-10763	21	6	the	the	DET
ajfa-10763	21	7	fair	fair	ADJ
ajfa-10763	21	8	value	value	NOUN
ajfa-10763	21	9	of	of	ADP
ajfa-10763	21	10	their	their	PRON
ajfa-10763	21	11	assets	asset	NOUN
ajfa-10763	21	12	and	and	CCONJ
ajfa-10763	21	13	liabilities	liability	NOUN
ajfa-10763	21	14	,	,	PUNCT
ajfa-10763	21	15	and	and	CCONJ
ajfa-10763	21	16	it	it	PRON
ajfa-10763	21	17	prioritizes	prioritize	VERB
ajfa-10763	21	18	the	the	DET
ajfa-10763	21	19	inputs	input	NOUN
ajfa-10763	21	20	to	to	ADP
ajfa-10763	21	21	valuation	valuation	NOUN
ajfa-10763	21	22	techniques	technique	NOUN
ajfa-10763	21	23	into	into	ADP
ajfa-10763	21	24	three	three	NUM
ajfa-10763	21	25	levels	level	NOUN
ajfa-10763	21	26	.	.	PUNCT
ajfa-10763	22	1	(	(	PUNCT
ajfa-10763	22	2	1	1	X
ajfa-10763	22	3	)	)	PUNCT
ajfa-10763	22	4	level	level	NOUN
ajfa-10763	22	5	1	1	NUM
ajfa-10763	22	6	inputs	input	NOUN
ajfa-10763	22	7	are	be	AUX
ajfa-10763	22	8	quoted	quote	VERB
ajfa-10763	22	9	prices	price	NOUN
ajfa-10763	22	10	(	(	PUNCT
ajfa-10763	22	11	unadjusted	unadjuste	VERB
ajfa-10763	22	12	)	)	PUNCT
ajfa-10763	22	13	in	in	ADP
ajfa-10763	22	14	active	active	ADJ
ajfa-10763	22	15	markets	market	NOUN
ajfa-10763	22	16	for	for	ADP
ajfa-10763	22	17	identical	identical	ADJ
ajfa-10763	22	18	assets	asset	NOUN
ajfa-10763	22	19	or	or	CCONJ
ajfa-10763	22	20	liabilities	liability	NOUN
ajfa-10763	22	21	that	that	SCONJ
ajfa-10763	22	22	the	the	DET
ajfa-10763	22	23	reporting	reporting	NOUN
ajfa-10763	22	24	entity	entity	NOUN
ajfa-10763	22	25	has	have	AUX
ajfa-10763	22	26	the	the	DET
ajfa-10763	22	27	ability	ability	NOUN
ajfa-10763	22	28	to	to	PART
ajfa-10763	22	29	access	access	VERB
ajfa-10763	22	30	at	at	ADP
ajfa-10763	22	31	the	the	DET
ajfa-10763	22	32	measurement	measurement	NOUN
ajfa-10763	22	33	date	date	NOUN
ajfa-10763	22	34	.	.	PUNCT
ajfa-10763	23	1	(	(	PUNCT
ajfa-10763	23	2	2	2	X
ajfa-10763	23	3	)	)	PUNCT
ajfa-10763	23	4	level	level	NOUN
ajfa-10763	23	5	2	2	NUM
ajfa-10763	23	6	inputs	input	NOUN
ajfa-10763	23	7	are	be	AUX
ajfa-10763	23	8	indirectly	indirectly	ADV
ajfa-10763	23	9	observable	observable	ADJ
ajfa-10763	23	10	inputs	input	NOUN
ajfa-10763	23	11	from	from	ADP
ajfa-10763	23	12	quoted	quote	VERB
ajfa-10763	23	13	prices	price	NOUN
ajfa-10763	23	14	of	of	ADP
ajfa-10763	23	15	comparable	comparable	ADJ
ajfa-10763	23	16	items	item	NOUN
ajfa-10763	23	17	in	in	ADP
ajfa-10763	23	18	active	active	ADJ
ajfa-10763	23	19	markets	market	NOUN
ajfa-10763	23	20	,	,	PUNCT
ajfa-10763	23	21	identical	identical	ADJ
ajfa-10763	23	22	items	item	NOUN
ajfa-10763	23	23	in	in	ADP
ajfa-10763	23	24	inactive	inactive	ADJ
ajfa-10763	23	25	markets	market	NOUN
ajfa-10763	23	26	,	,	PUNCT
ajfa-10763	23	27	or	or	CCONJ
ajfa-10763	23	28	other	other	ADJ
ajfa-10763	23	29	market	market	NOUN
ajfa-10763	23	30	-	-	PUNCT
ajfa-10763	23	31	related	relate	VERB
ajfa-10763	23	32	information	information	NOUN
ajfa-10763	23	33	.	.	PUNCT
ajfa-10763	24	1	(	(	PUNCT
ajfa-10763	24	2	3	3	X
ajfa-10763	24	3	)	)	PUNCT
ajfa-10763	24	4	level	level	NOUN
ajfa-10763	24	5	3	3	NUM
ajfa-10763	24	6	inputs	input	NOUN
ajfa-10763	24	7	are	be	AUX
ajfa-10763	24	8	unobservable	unobservable	ADJ
ajfa-10763	24	9	inputs	input	NOUN
ajfa-10763	24	10	or	or	CCONJ
ajfa-10763	24	11	firm	firm	NOUN
ajfa-10763	24	12	-	-	PUNCT
ajfa-10763	24	13	generated	generate	VERB
ajfa-10763	24	14	inputs	input	NOUN
ajfa-10763	24	15	.	.	PUNCT
ajfa-10763	25	1	level	level	NOUN
ajfa-10763	25	2	3	3	NUM
ajfa-10763	25	3	inputs	input	NOUN
ajfa-10763	25	4	generate	generate	VERB
ajfa-10763	25	5	mark	mark	NOUN
ajfa-10763	25	6	-	-	PUNCT
ajfa-10763	25	7	to	to	ADP
ajfa-10763	25	8	-	-	PUNCT
ajfa-10763	25	9	model	model	NOUN
ajfa-10763	25	10	valuations	valuation	NOUN
ajfa-10763	25	11	that	that	PRON
ajfa-10763	25	12	are	be	AUX
ajfa-10763	25	13	largely	largely	ADV
ajfa-10763	25	14	undisciplined	undisciplined	ADJ
ajfa-10763	25	15	by	by	ADP
ajfa-10763	25	16	market	market	NOUN
ajfa-10763	25	17	information	information	NOUN
ajfa-10763	25	18	.	.	PUNCT
ajfa-10763	26	1	due	due	ADP
ajfa-10763	26	2	to	to	ADP
ajfa-10763	26	3	the	the	DET
ajfa-10763	26	4	high	high	ADJ
ajfa-10763	26	5	subjectivity	subjectivity	NOUN
ajfa-10763	26	6	of	of	ADP
ajfa-10763	26	7	level	level	NOUN
ajfa-10763	26	8	3	3	NUM
ajfa-10763	26	9	inputs	input	NOUN
ajfa-10763	26	10	,	,	PUNCT
ajfa-10763	26	11	sfas	sfas	NOUN
ajfa-10763	26	12	no	no	INTJ
ajfa-10763	26	13	.	.	PUNCT
ajfa-10763	27	1	157	157	NUM
ajfa-10763	27	2	requires	require	VERB
ajfa-10763	27	3	expanded	expand	VERB
ajfa-10763	27	4	disclosures	disclosure	NOUN
ajfa-10763	27	5	for	for	ADP
ajfa-10763	27	6	level	level	NOUN
ajfa-10763	27	7	3	3	NUM
ajfa-10763	27	8	fair	fair	ADJ
ajfa-10763	27	9	values3	values3	NOUN
ajfa-10763	27	10	.	.	PUNCT
ajfa-10763	28	1	many	many	ADJ
ajfa-10763	28	2	studies	study	NOUN
ajfa-10763	28	3	center	center	VERB
ajfa-10763	28	4	on	on	ADP
ajfa-10763	28	5	the	the	DET
ajfa-10763	28	6	fair	fair	ADJ
ajfa-10763	28	7	value	value	NOUN
ajfa-10763	28	8	estimates	estimate	NOUN
ajfa-10763	28	9	presented	present	VERB
ajfa-10763	28	10	under	under	ADP
ajfa-10763	28	11	the	the	DET
ajfa-10763	28	12	three	three	NUM
ajfa-10763	28	13	-	-	PUNCT
ajfa-10763	28	14	level	level	NOUN
ajfa-10763	28	15	fair	fair	ADJ
ajfa-10763	28	16	value	value	NOUN
ajfa-10763	28	17	hierarchy	hierarchy	NOUN
ajfa-10763	28	18	and	and	CCONJ
ajfa-10763	28	19	demonstrate	demonstrate	VERB
ajfa-10763	28	20	the	the	DET
ajfa-10763	28	21	usefulness	usefulness	NOUN
ajfa-10763	28	22	of	of	ADP
ajfa-10763	28	23	these	these	DET
ajfa-10763	28	24	estimates	estimate	NOUN
ajfa-10763	28	25	in	in	ADP
ajfa-10763	28	26	valuing	value	VERB
ajfa-10763	28	27	firms	firm	NOUN
ajfa-10763	28	28	and	and	CCONJ
ajfa-10763	28	29	accessing	access	VERB
ajfa-10763	28	30	risk	risk	NOUN
ajfa-10763	28	31	from	from	ADP
ajfa-10763	28	32	perspectives	perspective	NOUN
ajfa-10763	28	33	of	of	ADP
ajfa-10763	28	34	external	external	ADJ
ajfa-10763	28	35	users	user	NOUN
ajfa-10763	28	36	(	(	PUNCT
ajfa-10763	28	37	e.g.	e.g.	ADV
ajfa-10763	28	38	,	,	PUNCT
ajfa-10763	28	39	kolev	kolev	NOUN
ajfa-10763	28	40	,	,	PUNCT
ajfa-10763	28	41	2008	2008	NUM
ajfa-10763	28	42	;	;	PUNCT
ajfa-10763	28	43	song	song	NOUN
ajfa-10763	28	44	et	et	PROPN
ajfa-10763	28	45	al	al	PROPN
ajfa-10763	28	46	.	.	PROPN
ajfa-10763	28	47	,	,	PUNCT
ajfa-10763	28	48	2010	2010	NUM
ajfa-10763	28	49	;	;	PUNCT
ajfa-10763	28	50	riedl	riedl	PROPN
ajfa-10763	28	51	and	and	CCONJ
ajfa-10763	28	52	serafeim	serafeim	NOUN
ajfa-10763	28	53	,	,	PUNCT
ajfa-10763	28	54	2011	2011	NUM
ajfa-10763	28	55	)	)	PUNCT
ajfa-10763	28	56	.	.	PUNCT
ajfa-10763	29	1	however	however	ADV
ajfa-10763	29	2	,	,	PUNCT
ajfa-10763	29	3	the	the	DET
ajfa-10763	29	4	relation	relation	NOUN
ajfa-10763	29	5	between	between	ADP
ajfa-10763	29	6	ceo	ceo	NOUN
ajfa-10763	29	7	overconfidence	overconfidence	NOUN
ajfa-10763	29	8	and	and	CCONJ
ajfa-10763	29	9	fair	fair	ADJ
ajfa-10763	29	10	value	value	NOUN
ajfa-10763	29	11	reporting	reporting	NOUN
ajfa-10763	29	12	is	be	AUX
ajfa-10763	29	13	unclear	unclear	ADJ
ajfa-10763	29	14	and	and	CCONJ
ajfa-10763	29	15	has	have	AUX
ajfa-10763	29	16	received	receive	VERB
ajfa-10763	29	17	less	less	ADJ
ajfa-10763	29	18	attention	attention	NOUN
ajfa-10763	29	19	in	in	ADP
ajfa-10763	29	20	the	the	DET
ajfa-10763	29	21	literature	literature	NOUN
ajfa-10763	29	22	.	.	PUNCT
ajfa-10763	30	1	prior	prior	ADJ
ajfa-10763	30	2	research	research	NOUN
ajfa-10763	30	3	indicates	indicate	VERB
ajfa-10763	30	4	that	that	SCONJ
ajfa-10763	30	5	ceo	ceo	NOUN
ajfa-10763	30	6	overconfidence	overconfidence	NOUN
ajfa-10763	30	7	affects	affect	VERB
ajfa-10763	30	8	corporate	corporate	ADJ
ajfa-10763	30	9	investment	investment	NOUN
ajfa-10763	30	10	(	(	PUNCT
ajfa-10763	30	11	malmendier	malmendier	NOUN
ajfa-10763	30	12	and	and	CCONJ
ajfa-10763	30	13	tate	tate	NOUN
ajfa-10763	30	14	,	,	PUNCT
ajfa-10763	30	15	2008	2008	NUM
ajfa-10763	30	16	)	)	PUNCT
ajfa-10763	30	17	,	,	PUNCT
ajfa-10763	30	18	financing	financing	NOUN
ajfa-10763	30	19	,	,	PUNCT
ajfa-10763	30	20	dividend	dividend	NOUN
ajfa-10763	30	21	policies	policy	NOUN
ajfa-10763	30	22	(	(	PUNCT
ajfa-10763	30	23	malmendier	malmendier	NOUN
ajfa-10763	30	24	and	and	CCONJ
ajfa-10763	30	25	tate	tate	NOUN
ajfa-10763	30	26	,	,	PUNCT
ajfa-10763	30	27	2008	2008	NUM
ajfa-10763	30	28	;	;	PUNCT
ajfa-10763	30	29	cordeiro	cordeiro	PROPN
ajfa-10763	30	30	,	,	PUNCT
ajfa-10763	30	31	2009	2009	NUM
ajfa-10763	30	32	;	;	PUNCT
ajfa-10763	30	33	deshmukh	deshmukh	PROPN
ajfa-10763	30	34	,	,	PUNCT
ajfa-10763	30	35	goel	goel	PROPN
ajfa-10763	30	36	,	,	PUNCT
ajfa-10763	30	37	and	and	CCONJ
ajfa-10763	30	38	howe	howe	NOUN
ajfa-10763	30	39	,	,	PUNCT
ajfa-10763	30	40	2013	2013	NUM
ajfa-10763	30	41	;	;	PUNCT
ajfa-10763	30	42	malmendier	malmendier	NOUN
ajfa-10763	30	43	,	,	PUNCT
ajfa-10763	30	44	tate	tate	ADJ
ajfa-10763	30	45	,	,	PUNCT
ajfa-10763	30	46	and	and	CCONJ
ajfa-10763	30	47	yan	yan	PROPN
ajfa-10763	30	48	,	,	PUNCT
ajfa-10763	30	49	2011	2011	NUM
ajfa-10763	30	50	;	;	PUNCT
ajfa-10763	30	51	hirshleifer	hirshleifer	NOUN
ajfa-10763	30	52	,	,	PUNCT
ajfa-10763	30	53	low	low	ADJ
ajfa-10763	30	54	,	,	PUNCT
ajfa-10763	30	55	and	and	CCONJ
ajfa-10763	30	56	teoh	teoh	PROPN
ajfa-10763	30	57	,	,	PUNCT
ajfa-10763	30	58	2012	2012	NUM
ajfa-10763	30	59	)	)	PUNCT
ajfa-10763	30	60	,	,	PUNCT
ajfa-10763	30	61	the	the	DET
ajfa-10763	30	62	likelihood	likelihood	NOUN
ajfa-10763	30	63	of	of	ADP
ajfa-10763	30	64	an	an	DET
ajfa-10763	30	65	accounting	accounting	NOUN
ajfa-10763	30	66	and	and	CCONJ
ajfa-10763	30	67	auditing	auditing	NOUN
ajfa-10763	30	68	enforcement	enforcement	NOUN
ajfa-10763	30	69	release	release	NOUN
ajfa-10763	30	70	(	(	PUNCT
ajfa-10763	30	71	schrand	schrand	NOUN
ajfa-10763	30	72	and	and	CCONJ
ajfa-10763	30	73	zechman	zechman	NOUN
ajfa-10763	30	74	,	,	PUNCT
ajfa-10763	30	75	2012	2012	NUM
ajfa-10763	30	76	)	)	PUNCT
ajfa-10763	30	77	,	,	PUNCT
ajfa-10763	30	78	and	and	CCONJ
ajfa-10763	30	79	the	the	DET
ajfa-10763	30	80	likelihood	likelihood	NOUN
ajfa-10763	30	81	of	of	ADP
ajfa-10763	30	82	issuing	issue	VERB
ajfa-10763	30	83	overly	overly	ADV
ajfa-10763	30	84	optimistic	optimistic	ADJ
ajfa-10763	30	85	management	management	NOUN
ajfa-10763	30	86	earnings	earning	NOUN
ajfa-10763	30	87	forecasts	forecast	NOUN
ajfa-10763	30	88	(	(	PUNCT
ajfa-10763	30	89	hribar	hribar	NOUN
ajfa-10763	30	90	and	and	CCONJ
ajfa-10763	30	91	yang	yang	PROPN
ajfa-10763	30	92	,	,	PUNCT
ajfa-10763	30	93	2016	2016	NUM
ajfa-10763	30	94	;	;	PUNCT
ajfa-10763	30	95	libby	libby	PROPN
ajfa-10763	30	96	and	and	CCONJ
ajfa-10763	30	97	rennekamp	rennekamp	NOUN
ajfa-10763	30	98	,	,	PUNCT
ajfa-10763	30	99	2012	2012	NUM
ajfa-10763	30	100	)	)	PUNCT
ajfa-10763	30	101	.	.	PUNCT
ajfa-10763	31	1	this	this	DET
ajfa-10763	31	2	study	study	NOUN
ajfa-10763	31	3	extends	extend	VERB
ajfa-10763	31	4	this	this	DET
ajfa-10763	31	5	line	line	NOUN
ajfa-10763	31	6	of	of	ADP
ajfa-10763	31	7	research	research	NOUN
ajfa-10763	31	8	by	by	ADP
ajfa-10763	31	9	investigating	investigate	VERB
ajfa-10763	31	10	the	the	DET
ajfa-10763	31	11	effects	effect	NOUN
ajfa-10763	31	12	of	of	ADP
ajfa-10763	31	13	managerial	managerial	ADJ
ajfa-10763	31	14	overconfidence	overconfidence	NOUN
ajfa-10763	31	15	on	on	ADP
ajfa-10763	31	16	fair	fair	ADJ
ajfa-10763	31	17	value	value	NOUN
ajfa-10763	31	18	reporting	reporting	NOUN
ajfa-10763	31	19	.	.	PUNCT
ajfa-10763	32	1	2as	2as	PROPN
ajfa-10763	32	2	suggested	suggest	VERB
ajfa-10763	32	3	by	by	ADP
ajfa-10763	32	4	dechow	dechow	PROPN
ajfa-10763	32	5	et	et	PROPN
ajfa-10763	32	6	al	al	PROPN
ajfa-10763	32	7	.	.	PUNCT
ajfa-10763	33	1	(	(	PUNCT
ajfa-10763	33	2	2010	2010	NUM
ajfa-10763	33	3	)	)	PUNCT
ajfa-10763	33	4	,	,	PUNCT
ajfa-10763	33	5	fair	fair	ADJ
ajfa-10763	33	6	values	value	NOUN
ajfa-10763	33	7	may	may	AUX
ajfa-10763	33	8	not	not	PART
ajfa-10763	33	9	be	be	AUX
ajfa-10763	33	10	measured	measure	VERB
ajfa-10763	33	11	with	with	ADP
ajfa-10763	33	12	sufficient	sufficient	ADJ
ajfa-10763	33	13	reliability	reliability	NOUN
ajfa-10763	33	14	,	,	PUNCT
ajfa-10763	33	15	but	but	CCONJ
ajfa-10763	33	16	they	they	PRON
ajfa-10763	33	17	provide	provide	VERB
ajfa-10763	33	18	ample	ample	ADJ
ajfa-10763	33	19	opportunity	opportunity	NOUN
ajfa-10763	33	20	to	to	PART
ajfa-10763	33	21	manipulate	manipulate	VERB
ajfa-10763	33	22	earnings	earning	NOUN
ajfa-10763	33	23	.	.	PUNCT
ajfa-10763	34	1	3	3	NUM
ajfa-10763	34	2	fas	fas	NOUN
ajfa-10763	34	3	no	no	NOUN
ajfa-10763	34	4	.	.	PROPN
ajfa-10763	35	1	157	157	NUM
ajfa-10763	35	2	requires	require	VERB
ajfa-10763	35	3	expanded	expand	VERB
ajfa-10763	35	4	disclosures	disclosure	NOUN
ajfa-10763	35	5	for	for	ADP
ajfa-10763	35	6	level	level	NOUN
ajfa-10763	35	7	3	3	NUM
ajfa-10763	35	8	fair	fair	ADJ
ajfa-10763	35	9	values	value	NOUN
ajfa-10763	35	10	because	because	SCONJ
ajfa-10763	35	11	of	of	ADP
ajfa-10763	35	12	their	their	PRON
ajfa-10763	35	13	higher	high	ADJ
ajfa-10763	35	14	subjectivity	subjectivity	NOUN
ajfa-10763	35	15	.	.	PUNCT
ajfa-10763	36	1	firms	firm	NOUN
ajfa-10763	36	2	are	be	AUX
ajfa-10763	36	3	required	require	VERB
ajfa-10763	36	4	to	to	PART
ajfa-10763	36	5	provide	provide	VERB
ajfa-10763	36	6	reconciliation	reconciliation	NOUN
ajfa-10763	36	7	about	about	ADP
ajfa-10763	36	8	the	the	DET
ajfa-10763	36	9	beginning	beginning	NOUN
ajfa-10763	36	10	and	and	CCONJ
ajfa-10763	36	11	ending	end	VERB
ajfa-10763	36	12	balances	balance	NOUN
ajfa-10763	36	13	of	of	ADP
ajfa-10763	36	14	level	level	NOUN
ajfa-10763	36	15	3	3	NUM
ajfa-10763	36	16	assets	asset	NOUN
ajfa-10763	36	17	and	and	CCONJ
ajfa-10763	36	18	liabilities	liability	NOUN
ajfa-10763	36	19	.	.	PUNCT
ajfa-10763	37	1	to	to	PART
ajfa-10763	37	2	do	do	VERB
ajfa-10763	37	3	so	so	ADV
ajfa-10763	37	4	,	,	PUNCT
ajfa-10763	37	5	they	they	PRON
ajfa-10763	37	6	are	be	AUX
ajfa-10763	37	7	required	require	VERB
ajfa-10763	37	8	to	to	ADP
ajfa-10763	37	9	separately	separately	ADV
ajfa-10763	37	10	present	present	ADJ
ajfa-10763	37	11	changes	change	NOUN
ajfa-10763	37	12	attributable	attributable	ADJ
ajfa-10763	37	13	to	to	ADP
ajfa-10763	37	14	(	(	PUNCT
ajfa-10763	37	15	i	i	NOUN
ajfa-10763	37	16	)	)	PUNCT
ajfa-10763	37	17	total	total	NOUN
ajfa-10763	37	18	realized	realize	VERB
ajfa-10763	37	19	and	and	CCONJ
ajfa-10763	37	20	unrealized	unrealized	ADJ
ajfa-10763	37	21	gains	gain	NOUN
ajfa-10763	37	22	or	or	CCONJ
ajfa-10763	37	23	losses	loss	NOUN
ajfa-10763	37	24	for	for	ADP
ajfa-10763	37	25	the	the	DET
ajfa-10763	37	26	period	period	NOUN
ajfa-10763	37	27	,	,	PUNCT
ajfa-10763	37	28	(	(	PUNCT
ajfa-10763	37	29	ii	ii	NOUN
ajfa-10763	37	30	)	)	PUNCT
ajfa-10763	37	31	purchases	purchase	NOUN
ajfa-10763	37	32	,	,	PUNCT
ajfa-10763	37	33	sales	sale	NOUN
ajfa-10763	37	34	,	,	PUNCT
ajfa-10763	37	35	issuances	issuance	NOUN
ajfa-10763	37	36	and	and	CCONJ
ajfa-10763	37	37	net	net	ADJ
ajfa-10763	37	38	settlements	settlement	NOUN
ajfa-10763	37	39	of	of	ADP
ajfa-10763	37	40	level	level	NOUN
ajfa-10763	37	41	3	3	NUM
ajfa-10763	37	42	assets	asset	NOUN
ajfa-10763	37	43	and	and	CCONJ
ajfa-10763	37	44	liabilities	liability	NOUN
ajfa-10763	37	45	,	,	PUNCT
ajfa-10763	37	46	and	and	CCONJ
ajfa-10763	37	47	(	(	PUNCT
ajfa-10763	37	48	iii	iii	X
ajfa-10763	37	49	)	)	PUNCT
ajfa-10763	37	50	transfers	transfer	NOUN
ajfa-10763	37	51	in	in	ADP
ajfa-10763	37	52	and/or	and/or	CCONJ
ajfa-10763	37	53	out	out	ADP
ajfa-10763	37	54	of	of	ADP
ajfa-10763	37	55	level	level	NOUN
ajfa-10763	37	56	3	3	NUM
ajfa-10763	37	57	fair	fair	ADJ
ajfa-10763	37	58	values	value	NOUN
ajfa-10763	37	59	.	.	PUNCT
ajfa-10763	38	1	the	the	DET
ajfa-10763	38	2	quantitative	quantitative	ADJ
ajfa-10763	38	3	disclosures	disclosure	NOUN
ajfa-10763	38	4	take	take	VERB
ajfa-10763	38	5	the	the	DET
ajfa-10763	38	6	form	form	NOUN
ajfa-10763	38	7	of	of	ADP
ajfa-10763	38	8	a	a	DET
ajfa-10763	38	9	reconciliation	reconciliation	NOUN
ajfa-10763	38	10	table	table	NOUN
ajfa-10763	38	11	.	.	PUNCT
ajfa-10763	39	1	the	the	DET
ajfa-10763	39	2	appendix	appendix	NOUN
ajfa-10763	39	3	provides	provide	VERB
ajfa-10763	39	4	an	an	DET
ajfa-10763	39	5	example	example	NOUN
ajfa-10763	39	6	of	of	ADP
ajfa-10763	39	7	fas	fas	PROPN
ajfa-10763	39	8	no	no	PROPN
ajfa-10763	39	9	.	.	PROPN
ajfa-10763	40	1	157	157	NUM
ajfa-10763	40	2	fair	fair	ADJ
ajfa-10763	40	3	value	value	NOUN
ajfa-10763	40	4	measurement	measurement	NOUN
ajfa-10763	40	5	disclosures	disclosure	NOUN
ajfa-10763	40	6	from	from	ADP
ajfa-10763	40	7	a	a	DET
ajfa-10763	40	8	yearly	yearly	ADJ
ajfa-10763	40	9	report	report	NOUN
ajfa-10763	40	10	filed	file	VERB
ajfa-10763	40	11	by	by	ADP
ajfa-10763	40	12	the	the	DET
ajfa-10763	40	13	pnc	pnc	PROPN
ajfa-10763	40	14	financial	financial	PROPN
ajfa-10763	40	15	services	services	PROPN
ajfa-10763	40	16	group	group	PROPN
ajfa-10763	40	17	,	,	PUNCT
ajfa-10763	40	18	inc	inc	PROPN
ajfa-10763	40	19	.	.	PROPN
ajfa-10763	40	20	asian	asian	PROPN
ajfa-10763	40	21	journal	journal	PROPN
ajfa-10763	40	22	of	of	ADP
ajfa-10763	40	23	finance	finance	PROPN
ajfa-10763	40	24	&	&	CCONJ
ajfa-10763	40	25	accounting	accounting	PROPN
ajfa-10763	40	26	issn	issn	PROPN
ajfa-10763	40	27	1946	1946	NUM
ajfa-10763	40	28	-	-	PUNCT
ajfa-10763	40	29	052x	052x	PROPN
ajfa-10763	40	30	2017	2017	NUM
ajfa-10763	40	31	,	,	PUNCT
ajfa-10763	40	32	vol	vol	NOUN
ajfa-10763	40	33	.	.	NOUN
ajfa-10763	40	34	9	9	NUM
ajfa-10763	40	35	,	,	PUNCT
ajfa-10763	40	36	no	no	INTJ
ajfa-10763	40	37	.	.	NOUN
ajfa-10763	40	38	1	1	NUM
ajfa-10763	40	39	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	40	40	138	138	NUM
ajfa-10763	40	41	because	because	SCONJ
ajfa-10763	40	42	level	level	NOUN
ajfa-10763	40	43	3	3	NUM
ajfa-10763	40	44	fair	fair	ADJ
ajfa-10763	40	45	assets	asset	NOUN
ajfa-10763	40	46	are	be	AUX
ajfa-10763	40	47	risky	risky	ADJ
ajfa-10763	40	48	assets	asset	NOUN
ajfa-10763	40	49	(	(	PUNCT
ajfa-10763	40	50	riedl	riedl	PROPN
ajfa-10763	40	51	and	and	CCONJ
ajfa-10763	40	52	serafeim	serafeim	NOUN
ajfa-10763	40	53	,	,	PUNCT
ajfa-10763	40	54	2011	2011	NUM
ajfa-10763	40	55	)	)	PUNCT
ajfa-10763	40	56	,	,	PUNCT
ajfa-10763	40	57	i	i	PRON
ajfa-10763	40	58	expect	expect	VERB
ajfa-10763	40	59	the	the	DET
ajfa-10763	40	60	high	high	ADJ
ajfa-10763	40	61	overconfident	overconfident	ADJ
ajfa-10763	40	62	ceos	ceos	NOUN
ajfa-10763	40	63	are	be	AUX
ajfa-10763	40	64	more	more	ADV
ajfa-10763	40	65	likely	likely	ADJ
ajfa-10763	40	66	to	to	PART
ajfa-10763	40	67	keep	keep	VERB
ajfa-10763	40	68	level	level	NOUN
ajfa-10763	40	69	3	3	NUM
ajfa-10763	40	70	fair	fair	ADJ
ajfa-10763	40	71	assets	asset	NOUN
ajfa-10763	40	72	because	because	SCONJ
ajfa-10763	40	73	they	they	PRON
ajfa-10763	40	74	overestimate	overestimate	VERB
ajfa-10763	40	75	the	the	DET
ajfa-10763	40	76	returns	return	NOUN
ajfa-10763	40	77	to	to	ADP
ajfa-10763	40	78	their	their	PRON
ajfa-10763	40	79	investment	investment	NOUN
ajfa-10763	40	80	projects	project	NOUN
ajfa-10763	40	81	(	(	PUNCT
ajfa-10763	40	82	malmendier	malmendier	NOUN
ajfa-10763	40	83	and	and	CCONJ
ajfa-10763	40	84	tate	tate	NOUN
ajfa-10763	40	85	,	,	PUNCT
ajfa-10763	40	86	2005	2005	NUM
ajfa-10763	40	87	)	)	PUNCT
ajfa-10763	40	88	.	.	PUNCT
ajfa-10763	41	1	therefore	therefore	ADV
ajfa-10763	41	2	,	,	PUNCT
ajfa-10763	41	3	the	the	DET
ajfa-10763	41	4	first	first	ADJ
ajfa-10763	41	5	objective	objective	NOUN
ajfa-10763	41	6	in	in	ADP
ajfa-10763	41	7	this	this	DET
ajfa-10763	41	8	paper	paper	NOUN
ajfa-10763	41	9	is	be	AUX
ajfa-10763	41	10	to	to	PART
ajfa-10763	41	11	determine	determine	VERB
ajfa-10763	41	12	whether	whether	SCONJ
ajfa-10763	41	13	there	there	PRON
ajfa-10763	41	14	exists	exist	VERB
ajfa-10763	41	15	a	a	DET
ajfa-10763	41	16	positive	positive	ADJ
ajfa-10763	41	17	relationship	relationship	NOUN
ajfa-10763	41	18	between	between	ADP
ajfa-10763	41	19	ceo	ceo	NOUN
ajfa-10763	41	20	overconfidence	overconfidence	NOUN
ajfa-10763	41	21	and	and	CCONJ
ajfa-10763	41	22	level	level	NOUN
ajfa-10763	41	23	3	3	NUM
ajfa-10763	41	24	fair	fair	ADJ
ajfa-10763	41	25	assets	asset	NOUN
ajfa-10763	41	26	.	.	PUNCT
ajfa-10763	42	1	hsieh	hsieh	PROPN
ajfa-10763	42	2	et	et	PROPN
ajfa-10763	42	3	al	al	PROPN
ajfa-10763	42	4	.	.	PROPN
ajfa-10763	43	1	(	(	PUNCT
ajfa-10763	43	2	2014	2014	NUM
ajfa-10763	43	3	)	)	PUNCT
ajfa-10763	43	4	indicate	indicate	VERB
ajfa-10763	43	5	that	that	SCONJ
ajfa-10763	43	6	overconfident	overconfident	ADJ
ajfa-10763	43	7	ceos	ceos	NOUN
ajfa-10763	43	8	will	will	AUX
ajfa-10763	43	9	seek	seek	VERB
ajfa-10763	43	10	to	to	PART
ajfa-10763	43	11	achieve	achieve	VERB
ajfa-10763	43	12	their	their	PRON
ajfa-10763	43	13	unrealistically	unrealistically	ADV
ajfa-10763	43	14	high	high	ADJ
ajfa-10763	43	15	expectations	expectation	NOUN
ajfa-10763	43	16	and	and	CCONJ
ajfa-10763	43	17	will	will	AUX
ajfa-10763	43	18	be	be	AUX
ajfa-10763	43	19	more	more	ADV
ajfa-10763	43	20	likely	likely	ADJ
ajfa-10763	43	21	to	to	PART
ajfa-10763	43	22	engage	engage	VERB
ajfa-10763	43	23	in	in	ADP
ajfa-10763	43	24	managing	manage	VERB
ajfa-10763	43	25	earnings	earning	NOUN
ajfa-10763	43	26	.	.	PUNCT
ajfa-10763	44	1	since	since	SCONJ
ajfa-10763	44	2	level	level	NOUN
ajfa-10763	44	3	3	3	NUM
ajfa-10763	44	4	fair	fair	ADJ
ajfa-10763	44	5	values	value	NOUN
ajfa-10763	44	6	is	be	AUX
ajfa-10763	44	7	subject	subject	ADJ
ajfa-10763	44	8	to	to	ADP
ajfa-10763	44	9	the	the	DET
ajfa-10763	44	10	highest	high	ADJ
ajfa-10763	44	11	level	level	NOUN
ajfa-10763	44	12	of	of	ADP
ajfa-10763	44	13	managerial	managerial	ADJ
ajfa-10763	44	14	discretion	discretion	NOUN
ajfa-10763	44	15	and	and	CCONJ
ajfa-10763	44	16	provide	provide	VERB
ajfa-10763	44	17	management	management	NOUN
ajfa-10763	44	18	with	with	ADP
ajfa-10763	44	19	discretion	discretion	NOUN
ajfa-10763	44	20	to	to	PART
ajfa-10763	44	21	determine	determine	VERB
ajfa-10763	44	22	the	the	DET
ajfa-10763	44	23	gains	gain	NOUN
ajfa-10763	44	24	from	from	ADP
ajfa-10763	44	25	level	level	NOUN
ajfa-10763	44	26	3	3	NUM
ajfa-10763	44	27	fair	fair	ADJ
ajfa-10763	44	28	values	value	NOUN
ajfa-10763	44	29	(	(	PUNCT
ajfa-10763	44	30	chong	chong	PROPN
ajfa-10763	44	31	et	et	PROPN
ajfa-10763	44	32	al	al	PROPN
ajfa-10763	44	33	.	.	PROPN
ajfa-10763	44	34	2012	2012	NUM
ajfa-10763	44	35	)	)	PUNCT
ajfa-10763	44	36	.	.	PUNCT
ajfa-10763	45	1	thus	thus	ADV
ajfa-10763	45	2	,	,	PUNCT
ajfa-10763	45	3	the	the	DET
ajfa-10763	45	4	second	second	ADJ
ajfa-10763	45	5	purpose	purpose	NOUN
ajfa-10763	45	6	of	of	ADP
ajfa-10763	45	7	this	this	DET
ajfa-10763	45	8	paper	paper	NOUN
ajfa-10763	45	9	is	be	AUX
ajfa-10763	45	10	to	to	PART
ajfa-10763	45	11	examine	examine	VERB
ajfa-10763	45	12	whether	whether	SCONJ
ajfa-10763	45	13	high	high	ADJ
ajfa-10763	45	14	overconfident	overconfident	ADJ
ajfa-10763	45	15	ceo	ceo	NOUN
ajfa-10763	45	16	are	be	AUX
ajfa-10763	45	17	more	more	ADV
ajfa-10763	45	18	likely	likely	ADJ
ajfa-10763	45	19	to	to	PART
ajfa-10763	45	20	manage	manage	VERB
ajfa-10763	45	21	earnings	earning	NOUN
ajfa-10763	45	22	through	through	ADP
ajfa-10763	45	23	gains	gain	NOUN
ajfa-10763	45	24	from	from	ADP
ajfa-10763	45	25	level	level	NOUN
ajfa-10763	45	26	3	3	NUM
ajfa-10763	45	27	fair	fair	ADJ
ajfa-10763	45	28	values	value	NOUN
ajfa-10763	45	29	.	.	PUNCT
ajfa-10763	46	1	moreover	moreover	ADV
ajfa-10763	46	2	,	,	PUNCT
ajfa-10763	46	3	prior	prior	ADJ
ajfa-10763	46	4	literature	literature	NOUN
ajfa-10763	46	5	indicates	indicate	VERB
ajfa-10763	46	6	effective	effective	ADJ
ajfa-10763	46	7	corporate	corporate	ADJ
ajfa-10763	46	8	governance	governance	NOUN
ajfa-10763	46	9	mechanisms	mechanism	NOUN
ajfa-10763	46	10	ameliorate	ameliorate	VERB
ajfa-10763	46	11	the	the	DET
ajfa-10763	46	12	adverse	adverse	ADJ
ajfa-10763	46	13	impact	impact	NOUN
ajfa-10763	46	14	of	of	ADP
ajfa-10763	46	15	ceo	ceo	NOUN
ajfa-10763	46	16	overconfidence	overconfidence	NOUN
ajfa-10763	46	17	(	(	PUNCT
ajfa-10763	46	18	goel	goel	PROPN
ajfa-10763	46	19	and	and	CCONJ
ajfa-10763	46	20	thakor	thakor	PROPN
ajfa-10763	46	21	,	,	PUNCT
ajfa-10763	46	22	2008	2008	NUM
ajfa-10763	46	23	;	;	PUNCT
ajfa-10763	46	24	heaton	heaton	PROPN
ajfa-10763	46	25	,	,	PUNCT
ajfa-10763	46	26	2002	2002	NUM
ajfa-10763	46	27	)	)	PUNCT
ajfa-10763	46	28	.	.	PUNCT
ajfa-10763	47	1	for	for	ADP
ajfa-10763	47	2	example	example	NOUN
ajfa-10763	47	3	,	,	PUNCT
ajfa-10763	47	4	goel	goel	PROPN
ajfa-10763	47	5	and	and	CCONJ
ajfa-10763	47	6	thakor	thakor	PROPN
ajfa-10763	47	7	(	(	PUNCT
ajfa-10763	47	8	2008	2008	NUM
ajfa-10763	47	9	)	)	PUNCT
ajfa-10763	47	10	indicate	indicate	VERB
ajfa-10763	47	11	that	that	SCONJ
ajfa-10763	47	12	board	board	NOUN
ajfa-10763	47	13	fires	fire	VERB
ajfa-10763	47	14	the	the	DET
ajfa-10763	47	15	ceo	ceo	NOUN
ajfa-10763	47	16	if	if	SCONJ
ajfa-10763	47	17	she	she	PRON
ajfa-10763	47	18	is	be	AUX
ajfa-10763	47	19	too	too	ADV
ajfa-10763	47	20	overconfident	overconfident	ADJ
ajfa-10763	47	21	.	.	PUNCT
ajfa-10763	48	1	therefore	therefore	ADV
ajfa-10763	48	2	,	,	PUNCT
ajfa-10763	48	3	the	the	DET
ajfa-10763	48	4	third	third	ADJ
ajfa-10763	48	5	objective	objective	NOUN
ajfa-10763	48	6	is	be	AUX
ajfa-10763	48	7	to	to	PART
ajfa-10763	48	8	investigate	investigate	VERB
ajfa-10763	48	9	whether	whether	SCONJ
ajfa-10763	48	10	effective	effective	ADJ
ajfa-10763	48	11	corporate	corporate	ADJ
ajfa-10763	48	12	governance	governance	NOUN
ajfa-10763	48	13	will	will	AUX
ajfa-10763	48	14	mitigate	mitigate	VERB
ajfa-10763	48	15	the	the	DET
ajfa-10763	48	16	positive	positive	ADJ
ajfa-10763	48	17	association	association	NOUN
ajfa-10763	48	18	between	between	ADP
ajfa-10763	48	19	high	high	ADJ
ajfa-10763	48	20	ceo	ceo	NOUN
ajfa-10763	48	21	overconfidence	overconfidence	NOUN
ajfa-10763	48	22	and	and	CCONJ
ajfa-10763	48	23	level	level	NOUN
ajfa-10763	48	24	3	3	NUM
ajfa-10763	48	25	fair	fair	ADJ
ajfa-10763	48	26	values	value	NOUN
ajfa-10763	48	27	.	.	PUNCT
ajfa-10763	49	1	the	the	DET
ajfa-10763	49	2	fourth	fourth	ADJ
ajfa-10763	49	3	objective	objective	NOUN
ajfa-10763	49	4	is	be	AUX
ajfa-10763	49	5	to	to	PART
ajfa-10763	49	6	examine	examine	VERB
ajfa-10763	49	7	whether	whether	SCONJ
ajfa-10763	49	8	effective	effective	ADJ
ajfa-10763	49	9	corporate	corporate	ADJ
ajfa-10763	49	10	governance	governance	NOUN
ajfa-10763	49	11	will	will	AUX
ajfa-10763	49	12	mitigate	mitigate	VERB
ajfa-10763	49	13	the	the	DET
ajfa-10763	49	14	positive	positive	ADJ
ajfa-10763	49	15	association	association	NOUN
ajfa-10763	49	16	between	between	ADP
ajfa-10763	49	17	high	high	ADJ
ajfa-10763	49	18	ceo	ceo	NOUN
ajfa-10763	49	19	overconfidence	overconfidence	NOUN
ajfa-10763	49	20	and	and	CCONJ
ajfa-10763	49	21	gains	gain	NOUN
ajfa-10763	49	22	from	from	ADP
ajfa-10763	49	23	level	level	NOUN
ajfa-10763	49	24	3	3	NUM
ajfa-10763	49	25	fair	fair	ADJ
ajfa-10763	49	26	values	value	NOUN
ajfa-10763	49	27	.	.	PUNCT
ajfa-10763	50	1	using	use	VERB
ajfa-10763	50	2	a	a	DET
ajfa-10763	50	3	us	us	PROPN
ajfa-10763	50	4	sample	sample	NOUN
ajfa-10763	50	5	drawn	draw	VERB
ajfa-10763	50	6	from	from	ADP
ajfa-10763	50	7	2008	2008	NUM
ajfa-10763	50	8	to	to	ADP
ajfa-10763	50	9	2011	2011	NUM
ajfa-10763	50	10	,	,	PUNCT
ajfa-10763	50	11	the	the	DET
ajfa-10763	50	12	results	result	NOUN
ajfa-10763	50	13	of	of	ADP
ajfa-10763	50	14	this	this	DET
ajfa-10763	50	15	paper	paper	NOUN
ajfa-10763	50	16	show	show	VERB
ajfa-10763	50	17	that	that	SCONJ
ajfa-10763	50	18	firms	firm	NOUN
ajfa-10763	50	19	with	with	ADP
ajfa-10763	50	20	higher	high	ADJ
ajfa-10763	50	21	ceo	ceo	NOUN
ajfa-10763	50	22	overconfidence	overconfidence	NOUN
ajfa-10763	50	23	report	report	VERB
ajfa-10763	50	24	more	more	ADJ
ajfa-10763	50	25	level	level	NOUN
ajfa-10763	50	26	3	3	NUM
ajfa-10763	50	27	fair	fair	ADJ
ajfa-10763	50	28	values	value	NOUN
ajfa-10763	50	29	and	and	CCONJ
ajfa-10763	50	30	gains	gain	NOUN
ajfa-10763	50	31	from	from	ADP
ajfa-10763	50	32	level	level	NOUN
ajfa-10763	50	33	3	3	NUM
ajfa-10763	50	34	fair	fair	ADJ
ajfa-10763	50	35	values	value	NOUN
ajfa-10763	50	36	.	.	PUNCT
ajfa-10763	51	1	the	the	DET
ajfa-10763	51	2	results	result	NOUN
ajfa-10763	51	3	also	also	ADV
ajfa-10763	51	4	indicates	indicate	VERB
ajfa-10763	51	5	that	that	SCONJ
ajfa-10763	51	6	the	the	DET
ajfa-10763	51	7	positive	positive	ADJ
ajfa-10763	51	8	relationship	relationship	NOUN
ajfa-10763	51	9	between	between	ADP
ajfa-10763	51	10	higher	high	ADJ
ajfa-10763	51	11	ceo	ceo	NOUN
ajfa-10763	51	12	overconfidence	overconfidence	NOUN
ajfa-10763	51	13	and	and	CCONJ
ajfa-10763	51	14	level	level	NOUN
ajfa-10763	51	15	3	3	NUM
ajfa-10763	51	16	fair	fair	ADJ
ajfa-10763	51	17	values	value	NOUN
ajfa-10763	51	18	reporting	reporting	NOUN
ajfa-10763	51	19	is	be	AUX
ajfa-10763	51	20	attenuated	attenuate	VERB
ajfa-10763	51	21	for	for	ADP
ajfa-10763	51	22	firms	firm	NOUN
ajfa-10763	51	23	with	with	ADP
ajfa-10763	51	24	high	high	ADJ
ajfa-10763	51	25	corporate	corporate	ADJ
ajfa-10763	51	26	governance	governance	NOUN
ajfa-10763	51	27	.	.	PUNCT
ajfa-10763	52	1	this	this	DET
ajfa-10763	52	2	paper	paper	NOUN
ajfa-10763	52	3	contributes	contribute	VERB
ajfa-10763	52	4	to	to	ADP
ajfa-10763	52	5	the	the	DET
ajfa-10763	52	6	literature	literature	NOUN
ajfa-10763	52	7	by	by	ADP
ajfa-10763	52	8	demonstrating	demonstrate	VERB
ajfa-10763	52	9	that	that	SCONJ
ajfa-10763	52	10	ceo	ceo	NOUN
ajfa-10763	52	11	overconfidence	overconfidence	NOUN
ajfa-10763	52	12	significantly	significantly	ADV
ajfa-10763	52	13	affects	affect	VERB
ajfa-10763	52	14	fair	fair	ADJ
ajfa-10763	52	15	value	value	NOUN
ajfa-10763	52	16	reporting	reporting	NOUN
ajfa-10763	52	17	.	.	PUNCT
ajfa-10763	53	1	to	to	ADP
ajfa-10763	53	2	our	our	PRON
ajfa-10763	53	3	knowledge	knowledge	NOUN
ajfa-10763	53	4	,	,	PUNCT
ajfa-10763	53	5	prior	prior	ADJ
ajfa-10763	53	6	work	work	NOUN
ajfa-10763	53	7	has	have	AUX
ajfa-10763	53	8	not	not	PART
ajfa-10763	53	9	demonstrated	demonstrate	VERB
ajfa-10763	53	10	the	the	DET
ajfa-10763	53	11	presence	presence	NOUN
ajfa-10763	53	12	of	of	ADP
ajfa-10763	53	13	these	these	DET
ajfa-10763	53	14	effects	effect	NOUN
ajfa-10763	53	15	.	.	PUNCT
ajfa-10763	54	1	in	in	ADP
ajfa-10763	54	2	related	related	ADJ
ajfa-10763	54	3	work	work	NOUN
ajfa-10763	54	4	,	,	PUNCT
ajfa-10763	54	5	malmendier	malmendier	NOUN
ajfa-10763	54	6	and	and	CCONJ
ajfa-10763	54	7	tate	tate	NOUN
ajfa-10763	54	8	(	(	PUNCT
ajfa-10763	54	9	2005	2005	NUM
ajfa-10763	54	10	)	)	PUNCT
ajfa-10763	54	11	show	show	VERB
ajfa-10763	54	12	that	that	SCONJ
ajfa-10763	54	13	overconfidence	overconfidence	NOUN
ajfa-10763	54	14	affects	affect	VERB
ajfa-10763	54	15	their	their	PRON
ajfa-10763	54	16	investment	investment	NOUN
ajfa-10763	54	17	projects	project	NOUN
ajfa-10763	54	18	.	.	PUNCT
ajfa-10763	55	1	this	this	DET
ajfa-10763	55	2	paper	paper	NOUN
ajfa-10763	55	3	extends	extend	VERB
ajfa-10763	55	4	and	and	CCONJ
ajfa-10763	55	5	complements	complement	VERB
ajfa-10763	55	6	their	their	PRON
ajfa-10763	55	7	work	work	NOUN
ajfa-10763	55	8	.	.	PUNCT
ajfa-10763	56	1	this	this	DET
ajfa-10763	56	2	study	study	NOUN
ajfa-10763	56	3	also	also	ADV
ajfa-10763	56	4	extends	extend	VERB
ajfa-10763	56	5	the	the	DET
ajfa-10763	56	6	literature	literature	NOUN
ajfa-10763	56	7	by	by	ADP
ajfa-10763	56	8	investigating	investigate	VERB
ajfa-10763	56	9	whether	whether	SCONJ
ajfa-10763	56	10	earnings	earning	NOUN
ajfa-10763	56	11	management	management	NOUN
ajfa-10763	56	12	is	be	AUX
ajfa-10763	56	13	associated	associate	VERB
ajfa-10763	56	14	with	with	ADP
ajfa-10763	56	15	an	an	DET
ajfa-10763	56	16	individual	individual	ADJ
ajfa-10763	56	17	characteristic	characteristic	NOUN
ajfa-10763	56	18	of	of	ADP
ajfa-10763	56	19	the	the	DET
ajfa-10763	56	20	ceo	ceo	NOUN
ajfa-10763	56	21	,	,	PUNCT
ajfa-10763	56	22	termed	term	VERB
ajfa-10763	56	23	“	"	PUNCT
ajfa-10763	56	24	overconfidence	overconfidence	NOUN
ajfa-10763	56	25	”	"	PUNCT
ajfa-10763	56	26	by	by	ADP
ajfa-10763	56	27	prior	prior	ADJ
ajfa-10763	56	28	finance	finance	NOUN
ajfa-10763	56	29	research	research	NOUN
ajfa-10763	56	30	(	(	PUNCT
ajfa-10763	56	31	malmendier	malmendier	NOUN
ajfa-10763	56	32	and	and	CCONJ
ajfa-10763	56	33	tate	tate	NOUN
ajfa-10763	56	34	,	,	PUNCT
ajfa-10763	56	35	2005	2005	NUM
ajfa-10763	56	36	)	)	PUNCT
ajfa-10763	56	37	.	.	PUNCT
ajfa-10763	57	1	second	second	ADV
ajfa-10763	57	2	,	,	PUNCT
ajfa-10763	57	3	my	my	PRON
ajfa-10763	57	4	study	study	NOUN
ajfa-10763	57	5	contributes	contribute	VERB
ajfa-10763	57	6	to	to	ADP
ajfa-10763	57	7	the	the	DET
ajfa-10763	57	8	literature	literature	NOUN
ajfa-10763	57	9	by	by	ADP
ajfa-10763	57	10	examining	examine	VERB
ajfa-10763	57	11	directly	directly	ADV
ajfa-10763	57	12	the	the	DET
ajfa-10763	57	13	association	association	NOUN
ajfa-10763	57	14	between	between	ADP
ajfa-10763	57	15	the	the	DET
ajfa-10763	57	16	strength	strength	NOUN
ajfa-10763	57	17	of	of	ADP
ajfa-10763	57	18	corporate	corporate	ADJ
ajfa-10763	57	19	governance	governance	NOUN
ajfa-10763	57	20	and	and	CCONJ
ajfa-10763	57	21	managerial	managerial	ADJ
ajfa-10763	57	22	fair	fair	ADJ
ajfa-10763	57	23	value	value	NOUN
ajfa-10763	57	24	reporting	reporting	NOUN
ajfa-10763	57	25	behavior	behavior	NOUN
ajfa-10763	57	26	.	.	PUNCT
ajfa-10763	58	1	the	the	DET
ajfa-10763	58	2	remainder	remainder	NOUN
ajfa-10763	58	3	of	of	ADP
ajfa-10763	58	4	the	the	DET
ajfa-10763	58	5	paper	paper	NOUN
ajfa-10763	58	6	is	be	AUX
ajfa-10763	58	7	organized	organize	VERB
ajfa-10763	58	8	as	as	SCONJ
ajfa-10763	58	9	follows	follow	VERB
ajfa-10763	58	10	.	.	PUNCT
ajfa-10763	59	1	section	section	NOUN
ajfa-10763	59	2	2	2	NUM
ajfa-10763	59	3	presents	present	VERB
ajfa-10763	59	4	the	the	DET
ajfa-10763	59	5	discussion	discussion	NOUN
ajfa-10763	59	6	of	of	ADP
ajfa-10763	59	7	the	the	DET
ajfa-10763	59	8	previous	previous	ADJ
ajfa-10763	59	9	literature	literature	NOUN
ajfa-10763	59	10	and	and	CCONJ
ajfa-10763	59	11	develops	develop	VERB
ajfa-10763	59	12	the	the	DET
ajfa-10763	59	13	hypotheses	hypothesis	NOUN
ajfa-10763	59	14	.	.	PUNCT
ajfa-10763	60	1	section	section	NOUN
ajfa-10763	60	2	3	3	NUM
ajfa-10763	60	3	presents	present	VERB
ajfa-10763	60	4	the	the	DET
ajfa-10763	60	5	research	research	NOUN
ajfa-10763	60	6	design	design	NOUN
ajfa-10763	60	7	and	and	CCONJ
ajfa-10763	60	8	variable	variable	ADJ
ajfa-10763	60	9	definitions	definition	NOUN
ajfa-10763	60	10	.	.	PUNCT
ajfa-10763	61	1	2	2	X
ajfa-10763	61	2	.	.	X
ajfa-10763	61	3	literature	literature	NOUN
ajfa-10763	61	4	review	review	PROPN
ajfa-10763	61	5	and	and	CCONJ
ajfa-10763	61	6	hypothesis	hypothesis	NOUN
ajfa-10763	61	7	development	development	NOUN
ajfa-10763	61	8	2.1	2.1	NUM
ajfa-10763	61	9	the	the	DET
ajfa-10763	61	10	relationship	relationship	NOUN
ajfa-10763	61	11	between	between	ADP
ajfa-10763	61	12	ceo	ceo	NOUN
ajfa-10763	61	13	overconfidence	overconfidence	NOUN
ajfa-10763	61	14	and	and	CCONJ
ajfa-10763	61	15	level	level	NOUN
ajfa-10763	61	16	3	3	NUM
ajfa-10763	61	17	fair	fair	ADJ
ajfa-10763	61	18	values	value	NOUN
ajfa-10763	61	19	according	accord	VERB
ajfa-10763	61	20	to	to	ADP
ajfa-10763	61	21	prior	prior	ADJ
ajfa-10763	61	22	literature	literature	NOUN
ajfa-10763	61	23	,	,	PUNCT
ajfa-10763	61	24	overconfidence	overconfidence	NOUN
ajfa-10763	61	25	is	be	AUX
ajfa-10763	61	26	the	the	DET
ajfa-10763	61	27	tendency	tendency	NOUN
ajfa-10763	61	28	of	of	ADP
ajfa-10763	61	29	individuals	individual	NOUN
ajfa-10763	61	30	to	to	PART
ajfa-10763	61	31	overestimate	overestimate	VERB
ajfa-10763	61	32	their	their	PRON
ajfa-10763	61	33	knowledge	knowledge	NOUN
ajfa-10763	61	34	,	,	PUNCT
ajfa-10763	61	35	abilities	ability	NOUN
ajfa-10763	61	36	and	and	CCONJ
ajfa-10763	61	37	the	the	DET
ajfa-10763	61	38	precision	precision	NOUN
ajfa-10763	61	39	of	of	ADP
ajfa-10763	61	40	their	their	PRON
ajfa-10763	61	41	information	information	NOUN
ajfa-10763	61	42	,	,	PUNCT
ajfa-10763	61	43	leading	lead	VERB
ajfa-10763	61	44	to	to	ADP
ajfa-10763	61	45	expectations	expectation	NOUN
ajfa-10763	61	46	of	of	ADP
ajfa-10763	61	47	more	more	ADJ
ajfa-10763	61	48	desirable	desirable	ADJ
ajfa-10763	61	49	outcomes	outcome	NOUN
ajfa-10763	61	50	than	than	ADP
ajfa-10763	61	51	a	a	DET
ajfa-10763	61	52	realistic	realistic	ADJ
ajfa-10763	61	53	evaluation	evaluation	NOUN
ajfa-10763	61	54	would	would	AUX
ajfa-10763	61	55	suggest	suggest	VERB
ajfa-10763	61	56	(	(	PUNCT
ajfa-10763	61	57	bhandari	bhandari	NOUN
ajfa-10763	61	58	and	and	CCONJ
ajfa-10763	61	59	deaves	deaf	NOUN
ajfa-10763	61	60	,	,	PUNCT
ajfa-10763	61	61	asian	asian	ADJ
ajfa-10763	61	62	journal	journal	NOUN
ajfa-10763	61	63	of	of	ADP
ajfa-10763	61	64	finance	finance	PROPN
ajfa-10763	61	65	&	&	CCONJ
ajfa-10763	61	66	accounting	accounting	PROPN
ajfa-10763	61	67	issn	issn	PROPN
ajfa-10763	61	68	1946	1946	NUM
ajfa-10763	61	69	-	-	PUNCT
ajfa-10763	61	70	052x	052x	PROPN
ajfa-10763	61	71	2017	2017	NUM
ajfa-10763	61	72	,	,	PUNCT
ajfa-10763	61	73	vol	vol	NOUN
ajfa-10763	61	74	.	.	NOUN
ajfa-10763	62	1	9	9	NUM
ajfa-10763	62	2	,	,	PUNCT
ajfa-10763	62	3	no	no	INTJ
ajfa-10763	62	4	.	.	NOUN
ajfa-10763	62	5	1	1	NUM
ajfa-10763	62	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	62	7	139	139	NUM
ajfa-10763	62	8	2006	2006	NUM
ajfa-10763	62	9	)	)	PUNCT
ajfa-10763	62	10	.	.	PUNCT
ajfa-10763	63	1	overconfident	overconfident	ADJ
ajfa-10763	63	2	ceos	ceo	NOUN
ajfa-10763	63	3	have	have	VERB
ajfa-10763	63	4	unrealistically	unrealistically	ADV
ajfa-10763	63	5	high	high	ADJ
ajfa-10763	63	6	expectations	expectation	NOUN
ajfa-10763	63	7	of	of	ADP
ajfa-10763	63	8	their	their	PRON
ajfa-10763	63	9	company	company	NOUN
ajfa-10763	63	10	’s	’s	PART
ajfa-10763	63	11	future	future	ADJ
ajfa-10763	63	12	performance	performance	NOUN
ajfa-10763	63	13	(	(	PUNCT
ajfa-10763	63	14	hackbarth	hackbarth	NOUN
ajfa-10763	63	15	,	,	PUNCT
ajfa-10763	63	16	2003	2003	NUM
ajfa-10763	63	17	;	;	PUNCT
ajfa-10763	63	18	wong	wong	PROPN
ajfa-10763	63	19	,	,	PUNCT
ajfa-10763	63	20	2008	2008	NUM
ajfa-10763	63	21	;	;	PUNCT
ajfa-10763	63	22	baker	baker	NOUN
ajfa-10763	63	23	,	,	PUNCT
ajfa-10763	63	24	ruback	ruback	NOUN
ajfa-10763	63	25	,	,	PUNCT
ajfa-10763	63	26	and	and	CCONJ
ajfa-10763	63	27	wurgler	wurgler	NOUN
ajfa-10763	63	28	,	,	PUNCT
ajfa-10763	63	29	2007	2007	NUM
ajfa-10763	63	30	)	)	PUNCT
ajfa-10763	63	31	,	,	PUNCT
ajfa-10763	63	32	issue	issue	VERB
ajfa-10763	63	33	more	more	ADV
ajfa-10763	63	34	optimistic	optimistic	ADJ
ajfa-10763	63	35	earnings	earning	NOUN
ajfa-10763	63	36	forecasts	forecast	NOUN
ajfa-10763	63	37	(	(	PUNCT
ajfa-10763	63	38	hilary	hilary	NOUN
ajfa-10763	63	39	and	and	CCONJ
ajfa-10763	63	40	hsu	hsu	PROPN
ajfa-10763	63	41	,	,	PUNCT
ajfa-10763	63	42	2011	2011	NUM
ajfa-10763	63	43	;	;	PUNCT
ajfa-10763	63	44	hribar	hribar	NOUN
ajfa-10763	63	45	and	and	CCONJ
ajfa-10763	63	46	yang	yang	PROPN
ajfa-10763	63	47	,	,	PUNCT
ajfa-10763	63	48	2016	2016	NUM
ajfa-10763	63	49	;	;	PUNCT
ajfa-10763	63	50	libby	libby	PROPN
ajfa-10763	63	51	and	and	CCONJ
ajfa-10763	63	52	rennekamp	rennekamp	NOUN
ajfa-10763	63	53	,	,	PUNCT
ajfa-10763	63	54	2012	2012	NUM
ajfa-10763	63	55	)	)	PUNCT
ajfa-10763	63	56	,	,	PUNCT
ajfa-10763	63	57	have	have	VERB
ajfa-10763	63	58	a	a	DET
ajfa-10763	63	59	belief	belief	NOUN
ajfa-10763	63	60	that	that	SCONJ
ajfa-10763	63	61	they	they	PRON
ajfa-10763	63	62	can	can	AUX
ajfa-10763	63	63	ensure	ensure	VERB
ajfa-10763	63	64	that	that	SCONJ
ajfa-10763	63	65	high	high	ADJ
ajfa-10763	63	66	performance	performance	NOUN
ajfa-10763	63	67	is	be	AUX
ajfa-10763	63	68	achieved	achieve	VERB
ajfa-10763	63	69	(	(	PUNCT
ajfa-10763	63	70	malmendier	malmendier	NOUN
ajfa-10763	63	71	and	and	CCONJ
ajfa-10763	63	72	tate	tate	NOUN
ajfa-10763	63	73	,	,	PUNCT
ajfa-10763	63	74	2005	2005	NUM
ajfa-10763	63	75	)	)	PUNCT
ajfa-10763	63	76	,	,	PUNCT
ajfa-10763	63	77	overvalue	overvalue	VERB
ajfa-10763	63	78	their	their	PRON
ajfa-10763	63	79	firm	firm	NOUN
ajfa-10763	63	80	’s	’s	PART
ajfa-10763	63	81	projects	project	NOUN
ajfa-10763	63	82	(	(	PUNCT
ajfa-10763	63	83	heaton	heaton	PROPN
ajfa-10763	63	84	,	,	PUNCT
ajfa-10763	63	85	2002	2002	NUM
ajfa-10763	63	86	)	)	PUNCT
ajfa-10763	63	87	,	,	PUNCT
ajfa-10763	63	88	pay	pay	VERB
ajfa-10763	63	89	less	less	ADJ
ajfa-10763	63	90	dividends	dividend	NOUN
ajfa-10763	63	91	(	(	PUNCT
ajfa-10763	63	92	cordeiro	cordeiro	PROPN
ajfa-10763	63	93	,	,	PUNCT
ajfa-10763	63	94	2009	2009	NUM
ajfa-10763	63	95	;	;	PUNCT
ajfa-10763	63	96	deshmukh	deshmukh	PROPN
ajfa-10763	63	97	et	et	PROPN
ajfa-10763	63	98	al	al	PROPN
ajfa-10763	63	99	.	.	PROPN
ajfa-10763	63	100	,	,	PUNCT
ajfa-10763	63	101	2013	2013	NUM
ajfa-10763	63	102	)	)	PUNCT
ajfa-10763	63	103	,	,	PUNCT
ajfa-10763	63	104	underestimate	underestimate	VERB
ajfa-10763	63	105	the	the	DET
ajfa-10763	63	106	impact	impact	NOUN
ajfa-10763	63	107	of	of	ADP
ajfa-10763	63	108	negative	negative	ADJ
ajfa-10763	63	109	events	event	NOUN
ajfa-10763	63	110	on	on	ADP
ajfa-10763	63	111	his	his	PRON
ajfa-10763	63	112	/	/	SYM
ajfa-10763	63	113	her	her	PRON
ajfa-10763	63	114	firm	firm	NOUN
ajfa-10763	63	115	’s	’s	PART
ajfa-10763	63	116	cash	cash	NOUN
ajfa-10763	63	117	flows	flow	NOUN
ajfa-10763	63	118	(	(	PUNCT
ajfa-10763	63	119	heaton	heaton	PROPN
ajfa-10763	63	120	,	,	PUNCT
ajfa-10763	63	121	2002	2002	NUM
ajfa-10763	63	122	;	;	PUNCT
ajfa-10763	63	123	malmendier	malmendier	NOUN
ajfa-10763	63	124	and	and	CCONJ
ajfa-10763	63	125	tate	tate	NOUN
ajfa-10763	63	126	,	,	PUNCT
ajfa-10763	63	127	2005	2005	NUM
ajfa-10763	63	128	)	)	PUNCT
ajfa-10763	63	129	,	,	PUNCT
ajfa-10763	63	130	and	and	CCONJ
ajfa-10763	63	131	are	be	AUX
ajfa-10763	63	132	more	more	ADV
ajfa-10763	63	133	likely	likely	ADJ
ajfa-10763	63	134	to	to	PART
ajfa-10763	63	135	have	have	VERB
ajfa-10763	63	136	financial	financial	ADJ
ajfa-10763	63	137	misstatements	misstatement	NOUN
ajfa-10763	63	138	that	that	PRON
ajfa-10763	63	139	are	be	AUX
ajfa-10763	63	140	later	later	ADV
ajfa-10763	63	141	the	the	DET
ajfa-10763	63	142	subject	subject	NOUN
ajfa-10763	63	143	of	of	ADP
ajfa-10763	63	144	sec	sec	PROPN
ajfa-10763	63	145	enforcement	enforcement	NOUN
ajfa-10763	63	146	actions	action	NOUN
ajfa-10763	63	147	(	(	PUNCT
ajfa-10763	63	148	schrand	schrand	NOUN
ajfa-10763	63	149	and	and	CCONJ
ajfa-10763	63	150	zechman	zechman	NOUN
ajfa-10763	63	151	,	,	PUNCT
ajfa-10763	63	152	2012	2012	NUM
ajfa-10763	63	153	)	)	PUNCT
ajfa-10763	63	154	.	.	PUNCT
ajfa-10763	64	1	in	in	ADP
ajfa-10763	64	2	summary	summary	NOUN
ajfa-10763	64	3	,	,	PUNCT
ajfa-10763	64	4	prior	prior	ADJ
ajfa-10763	64	5	literature	literature	NOUN
ajfa-10763	64	6	documents	document	NOUN
ajfa-10763	64	7	that	that	PRON
ajfa-10763	64	8	overconfidence	overconfidence	NOUN
ajfa-10763	64	9	affects	affect	VERB
ajfa-10763	64	10	corporate	corporate	ADJ
ajfa-10763	64	11	investment	investment	NOUN
ajfa-10763	64	12	,	,	PUNCT
ajfa-10763	64	13	financing	financing	NOUN
ajfa-10763	64	14	,	,	PUNCT
ajfa-10763	64	15	dividend	dividend	NOUN
ajfa-10763	64	16	policies	policy	NOUN
ajfa-10763	64	17	,	,	PUNCT
ajfa-10763	64	18	accounting	accounting	NOUN
ajfa-10763	64	19	choices	choice	NOUN
ajfa-10763	64	20	,	,	PUNCT
ajfa-10763	64	21	and	and	CCONJ
ajfa-10763	64	22	firm	firm	ADJ
ajfa-10763	64	23	performance	performance	NOUN
ajfa-10763	64	24	.	.	PUNCT
ajfa-10763	65	1	as	as	SCONJ
ajfa-10763	65	2	we	we	PRON
ajfa-10763	65	3	know	know	VERB
ajfa-10763	65	4	,	,	PUNCT
ajfa-10763	65	5	the	the	DET
ajfa-10763	65	6	managers	manager	NOUN
ajfa-10763	65	7	are	be	AUX
ajfa-10763	65	8	the	the	DET
ajfa-10763	65	9	key	key	ADJ
ajfa-10763	65	10	decision	decision	NOUN
ajfa-10763	65	11	-	-	PUNCT
ajfa-10763	65	12	makers	maker	NOUN
ajfa-10763	65	13	presiding	preside	VERB
ajfa-10763	65	14	over	over	ADP
ajfa-10763	65	15	investment	investment	NOUN
ajfa-10763	65	16	,	,	PUNCT
ajfa-10763	65	17	financing	financing	NOUN
ajfa-10763	65	18	,	,	PUNCT
ajfa-10763	65	19	and	and	CCONJ
ajfa-10763	65	20	operating	operating	NOUN
ajfa-10763	65	21	decisions	decision	NOUN
ajfa-10763	65	22	.	.	PUNCT
ajfa-10763	66	1	there	there	PRON
ajfa-10763	66	2	are	be	VERB
ajfa-10763	66	3	two	two	NUM
ajfa-10763	66	4	decisions	decision	NOUN
ajfa-10763	66	5	that	that	PRON
ajfa-10763	66	6	managers	manager	NOUN
ajfa-10763	66	7	must	must	AUX
ajfa-10763	66	8	make	make	VERB
ajfa-10763	66	9	with	with	ADP
ajfa-10763	66	10	respect	respect	NOUN
ajfa-10763	66	11	to	to	ADP
ajfa-10763	66	12	level	level	VERB
ajfa-10763	66	13	3	3	NUM
ajfa-10763	66	14	instruments	instrument	NOUN
ajfa-10763	66	15	(	(	PUNCT
ajfa-10763	66	16	kohlbeck	kohlbeck	PROPN
ajfa-10763	66	17	and	and	CCONJ
ajfa-10763	66	18	valencia	valencia	PROPN
ajfa-10763	66	19	,	,	PUNCT
ajfa-10763	66	20	2014	2014	NUM
ajfa-10763	66	21	)	)	PUNCT
ajfa-10763	66	22	.	.	PUNCT
ajfa-10763	67	1	first	first	ADV
ajfa-10763	67	2	,	,	PUNCT
ajfa-10763	67	3	the	the	DET
ajfa-10763	67	4	management	management	NOUN
ajfa-10763	67	5	must	must	AUX
ajfa-10763	67	6	decide	decide	VERB
ajfa-10763	67	7	whether	whether	SCONJ
ajfa-10763	67	8	level	level	NOUN
ajfa-10763	67	9	3	3	NUM
ajfa-10763	67	10	classification	classification	NOUN
ajfa-10763	67	11	is	be	AUX
ajfa-10763	67	12	appropriate	appropriate	ADJ
ajfa-10763	67	13	.	.	PUNCT
ajfa-10763	68	1	second	second	ADJ
ajfa-10763	68	2	,	,	PUNCT
ajfa-10763	68	3	the	the	DET
ajfa-10763	68	4	management	management	NOUN
ajfa-10763	68	5	must	must	AUX
ajfa-10763	68	6	decide	decide	VERB
ajfa-10763	68	7	what	what	PRON
ajfa-10763	68	8	inputs	input	NOUN
ajfa-10763	68	9	should	should	AUX
ajfa-10763	68	10	be	be	AUX
ajfa-10763	68	11	used	use	VERB
ajfa-10763	68	12	in	in	ADP
ajfa-10763	68	13	place	place	NOUN
ajfa-10763	68	14	of	of	ADP
ajfa-10763	68	15	observable	observable	ADJ
ajfa-10763	68	16	inputs	input	NOUN
ajfa-10763	68	17	once	once	SCONJ
ajfa-10763	68	18	it	it	PRON
ajfa-10763	68	19	has	have	AUX
ajfa-10763	68	20	been	be	AUX
ajfa-10763	68	21	determined	determine	VERB
ajfa-10763	68	22	that	that	DET
ajfa-10763	68	23	level	level	NOUN
ajfa-10763	68	24	3	3	NUM
ajfa-10763	68	25	classification	classification	NOUN
ajfa-10763	68	26	is	be	AUX
ajfa-10763	68	27	appropriate	appropriate	ADJ
ajfa-10763	68	28	.	.	PUNCT
ajfa-10763	69	1	sfas	sfas	NOUN
ajfa-10763	69	2	157	157	NUM
ajfa-10763	69	3	encourages	encourage	VERB
ajfa-10763	69	4	the	the	DET
ajfa-10763	69	5	use	use	NOUN
ajfa-10763	69	6	of	of	ADP
ajfa-10763	69	7	level	level	NOUN
ajfa-10763	69	8	3	3	NUM
ajfa-10763	69	9	valuations	valuation	NOUN
ajfa-10763	69	10	when	when	SCONJ
ajfa-10763	69	11	quoted	quote	VERB
ajfa-10763	69	12	market	market	NOUN
ajfa-10763	69	13	values	value	NOUN
ajfa-10763	69	14	do	do	AUX
ajfa-10763	69	15	not	not	PART
ajfa-10763	69	16	originate	originate	VERB
ajfa-10763	69	17	from	from	ADP
ajfa-10763	69	18	orderly	orderly	ADJ
ajfa-10763	69	19	markets	market	NOUN
ajfa-10763	69	20	,	,	PUNCT
ajfa-10763	69	21	but	but	CCONJ
ajfa-10763	69	22	the	the	DET
ajfa-10763	69	23	standard	standard	NOUN
ajfa-10763	69	24	does	do	AUX
ajfa-10763	69	25	not	not	PART
ajfa-10763	69	26	make	make	VERB
ajfa-10763	69	27	clear	clear	ADJ
ajfa-10763	69	28	the	the	DET
ajfa-10763	69	29	characteristics	characteristic	NOUN
ajfa-10763	69	30	that	that	PRON
ajfa-10763	69	31	identify	identify	VERB
ajfa-10763	69	32	an	an	DET
ajfa-10763	69	33	unorderly	unorderly	ADJ
ajfa-10763	69	34	market	market	NOUN
ajfa-10763	69	35	,	,	PUNCT
ajfa-10763	69	36	leaving	leave	VERB
ajfa-10763	69	37	managers	manager	NOUN
ajfa-10763	69	38	considerable	considerable	ADJ
ajfa-10763	69	39	discretion	discretion	NOUN
ajfa-10763	69	40	over	over	ADP
ajfa-10763	69	41	when	when	SCONJ
ajfa-10763	69	42	and	and	CCONJ
ajfa-10763	69	43	which	which	PRON
ajfa-10763	69	44	financial	financial	ADJ
ajfa-10763	69	45	instruments	instrument	NOUN
ajfa-10763	69	46	to	to	PART
ajfa-10763	69	47	use	use	VERB
ajfa-10763	69	48	level	level	NOUN
ajfa-10763	69	49	3	3	NUM
ajfa-10763	69	50	methods	method	NOUN
ajfa-10763	69	51	on	on	ADP
ajfa-10763	69	52	.	.	PUNCT
ajfa-10763	70	1	since	since	SCONJ
ajfa-10763	70	2	level	level	NOUN
ajfa-10763	70	3	3	3	NUM
ajfa-10763	70	4	fair	fair	ADJ
ajfa-10763	70	5	values	value	NOUN
ajfa-10763	70	6	are	be	AUX
ajfa-10763	70	7	less	less	ADV
ajfa-10763	70	8	observable	observable	ADJ
ajfa-10763	70	9	,	,	PUNCT
ajfa-10763	70	10	making	make	VERB
ajfa-10763	70	11	it	it	PRON
ajfa-10763	70	12	more	more	ADV
ajfa-10763	70	13	difficult	difficult	ADJ
ajfa-10763	70	14	compared	compare	VERB
ajfa-10763	70	15	to	to	PART
ajfa-10763	70	16	level	level	VERB
ajfa-10763	70	17	1	1	NUM
ajfa-10763	70	18	fair	fair	ADJ
ajfa-10763	70	19	values	value	NOUN
ajfa-10763	70	20	for	for	SCONJ
ajfa-10763	70	21	investors	investor	NOUN
ajfa-10763	70	22	to	to	PART
ajfa-10763	70	23	link	link	VERB
ajfa-10763	70	24	their	their	PRON
ajfa-10763	70	25	performance	performance	NOUN
ajfa-10763	70	26	to	to	ADP
ajfa-10763	70	27	managerial	managerial	ADJ
ajfa-10763	70	28	decisions	decision	NOUN
ajfa-10763	70	29	,	,	PUNCT
ajfa-10763	70	30	reducing	reduce	VERB
ajfa-10763	70	31	the	the	DET
ajfa-10763	70	32	efficiency	efficiency	NOUN
ajfa-10763	70	33	of	of	ADP
ajfa-10763	70	34	these	these	DET
ajfa-10763	70	35	activities	activity	NOUN
ajfa-10763	70	36	.	.	PUNCT
ajfa-10763	71	1	thus	thus	ADV
ajfa-10763	71	2	,	,	PUNCT
ajfa-10763	71	3	the	the	DET
ajfa-10763	71	4	decision	decision	NOUN
ajfa-10763	71	5	to	to	PART
ajfa-10763	71	6	keep	keep	VERB
ajfa-10763	71	7	level	level	NOUN
ajfa-10763	71	8	3	3	NUM
ajfa-10763	71	9	fair	fair	ADJ
ajfa-10763	71	10	values	value	NOUN
ajfa-10763	71	11	can	can	AUX
ajfa-10763	71	12	be	be	AUX
ajfa-10763	71	13	considered	consider	VERB
ajfa-10763	71	14	an	an	DET
ajfa-10763	71	15	investment	investment	NOUN
ajfa-10763	71	16	in	in	ADP
ajfa-10763	71	17	a	a	DET
ajfa-10763	71	18	risky	risky	ADJ
ajfa-10763	71	19	project	project	NOUN
ajfa-10763	71	20	.	.	PUNCT
ajfa-10763	72	1	for	for	ADP
ajfa-10763	72	2	example	example	NOUN
ajfa-10763	72	3	,	,	PUNCT
ajfa-10763	72	4	altamuro	altamuro	NOUN
ajfa-10763	72	5	and	and	CCONJ
ajfa-10763	72	6	zhang	zhang	PROPN
ajfa-10763	72	7	(	(	PUNCT
ajfa-10763	72	8	2013	2013	NUM
ajfa-10763	72	9	)	)	PUNCT
ajfa-10763	72	10	indicate	indicate	VERB
ajfa-10763	72	11	that	that	DET
ajfa-10763	72	12	level	level	NOUN
ajfa-10763	72	13	3	3	NUM
ajfa-10763	72	14	fair	fair	ADJ
ajfa-10763	72	15	values	value	NOUN
ajfa-10763	72	16	better	well	ADV
ajfa-10763	72	17	reflect	reflect	VERB
ajfa-10763	72	18	the	the	DET
ajfa-10763	72	19	firms	firm	NOUN
ajfa-10763	72	20	'	'	PART
ajfa-10763	72	21	risk	risk	NOUN
ajfa-10763	72	22	characteristics	characteristic	NOUN
ajfa-10763	72	23	.	.	PUNCT
ajfa-10763	73	1	because	because	SCONJ
ajfa-10763	73	2	overconfident	overconfident	ADJ
ajfa-10763	73	3	managers	manager	NOUN
ajfa-10763	73	4	may	may	AUX
ajfa-10763	73	5	overestimate	overestimate	VERB
ajfa-10763	73	6	the	the	DET
ajfa-10763	73	7	returns	return	NOUN
ajfa-10763	73	8	to	to	ADP
ajfa-10763	73	9	their	their	PRON
ajfa-10763	73	10	investment	investment	NOUN
ajfa-10763	73	11	projects	project	NOUN
ajfa-10763	73	12	(	(	PUNCT
ajfa-10763	73	13	malmendier	malmendier	NOUN
ajfa-10763	73	14	and	and	CCONJ
ajfa-10763	73	15	tate	tate	NOUN
ajfa-10763	73	16	,	,	PUNCT
ajfa-10763	73	17	2005	2005	NUM
ajfa-10763	73	18	)	)	PUNCT
ajfa-10763	73	19	,	,	PUNCT
ajfa-10763	73	20	this	this	DET
ajfa-10763	73	21	study	study	NOUN
ajfa-10763	73	22	expects	expect	VERB
ajfa-10763	73	23	that	that	SCONJ
ajfa-10763	73	24	the	the	DET
ajfa-10763	73	25	ceos	ceos	NOUN
ajfa-10763	73	26	may	may	AUX
ajfa-10763	73	27	choose	choose	VERB
ajfa-10763	73	28	to	to	PART
ajfa-10763	73	29	classify	classify	VERB
ajfa-10763	73	30	more	more	ADJ
ajfa-10763	73	31	items	item	NOUN
ajfa-10763	73	32	as	as	ADP
ajfa-10763	73	33	level	level	NOUN
ajfa-10763	73	34	3	3	NUM
ajfa-10763	73	35	instruments	instrument	NOUN
ajfa-10763	73	36	when	when	SCONJ
ajfa-10763	73	37	they	they	PRON
ajfa-10763	73	38	are	be	AUX
ajfa-10763	73	39	overconfident	overconfident	ADJ
ajfa-10763	73	40	.	.	PUNCT
ajfa-10763	74	1	accordingly	accordingly	ADV
ajfa-10763	74	2	,	,	PUNCT
ajfa-10763	74	3	the	the	DET
ajfa-10763	74	4	first	first	ADJ
ajfa-10763	74	5	hypothesis	hypothesis	NOUN
ajfa-10763	74	6	is	be	AUX
ajfa-10763	74	7	as	as	SCONJ
ajfa-10763	74	8	follows	follow	VERB
ajfa-10763	74	9	:	:	PUNCT
ajfa-10763	74	10	h1	h1	NOUN
ajfa-10763	74	11	:	:	PUNCT
ajfa-10763	74	12	firms	firm	NOUN
ajfa-10763	74	13	with	with	ADP
ajfa-10763	74	14	higher	high	ADJ
ajfa-10763	74	15	ceo	ceo	NOUN
ajfa-10763	74	16	overconfidence	overconfidence	NOUN
ajfa-10763	74	17	is	be	AUX
ajfa-10763	74	18	more	more	ADV
ajfa-10763	74	19	likely	likely	ADJ
ajfa-10763	74	20	to	to	PART
ajfa-10763	74	21	report	report	VERB
ajfa-10763	74	22	level	level	NOUN
ajfa-10763	74	23	3	3	NUM
ajfa-10763	74	24	fair	fair	ADJ
ajfa-10763	74	25	values	value	NOUN
ajfa-10763	74	26	.	.	PUNCT
ajfa-10763	75	1	2.2	2.2	NUM
ajfa-10763	75	2	the	the	DET
ajfa-10763	75	3	relationship	relationship	NOUN
ajfa-10763	75	4	between	between	ADP
ajfa-10763	75	5	ceo	ceo	NOUN
ajfa-10763	75	6	overconfidence	overconfidence	NOUN
ajfa-10763	75	7	and	and	CCONJ
ajfa-10763	75	8	gains	gain	NOUN
ajfa-10763	75	9	from	from	ADP
ajfa-10763	75	10	level	level	NOUN
ajfa-10763	75	11	3	3	NUM
ajfa-10763	75	12	fair	fair	ADJ
ajfa-10763	75	13	values	value	NOUN
ajfa-10763	75	14	prior	prior	ADJ
ajfa-10763	75	15	literature	literature	NOUN
ajfa-10763	75	16	indicates	indicate	VERB
ajfa-10763	75	17	that	that	SCONJ
ajfa-10763	75	18	gains	gain	NOUN
ajfa-10763	75	19	/	/	SYM
ajfa-10763	75	20	losses	loss	NOUN
ajfa-10763	75	21	from	from	ADP
ajfa-10763	75	22	fair	fair	ADJ
ajfa-10763	75	23	values	value	NOUN
ajfa-10763	75	24	may	may	AUX
ajfa-10763	75	25	become	become	VERB
ajfa-10763	75	26	a	a	DET
ajfa-10763	75	27	tool	tool	NOUN
ajfa-10763	75	28	for	for	ADP
ajfa-10763	75	29	earnings	earning	NOUN
ajfa-10763	75	30	management	management	NOUN
ajfa-10763	75	31	.	.	PUNCT
ajfa-10763	76	1	for	for	ADP
ajfa-10763	76	2	example	example	NOUN
ajfa-10763	76	3	,	,	PUNCT
ajfa-10763	76	4	barth	barth	NOUN
ajfa-10763	76	5	et	et	PROPN
ajfa-10763	76	6	al	al	PROPN
ajfa-10763	76	7	.	.	PROPN
ajfa-10763	77	1	(	(	PUNCT
ajfa-10763	77	2	1998	1998	NUM
ajfa-10763	77	3	)	)	PUNCT
ajfa-10763	77	4	indicate	indicate	VERB
ajfa-10763	77	5	that	that	SCONJ
ajfa-10763	77	6	the	the	DET
ajfa-10763	77	7	managers	manager	NOUN
ajfa-10763	77	8	have	have	VERB
ajfa-10763	77	9	greater	great	ADJ
ajfa-10763	77	10	subjectivity	subjectivity	NOUN
ajfa-10763	77	11	in	in	ADP
ajfa-10763	77	12	reporting	report	VERB
ajfa-10763	77	13	fair	fair	ADJ
ajfa-10763	77	14	values	value	NOUN
ajfa-10763	77	15	and	and	CCONJ
ajfa-10763	77	16	may	may	AUX
ajfa-10763	77	17	use	use	VERB
ajfa-10763	77	18	their	their	PRON
ajfa-10763	77	19	private	private	ADJ
ajfa-10763	77	20	information	information	NOUN
ajfa-10763	77	21	to	to	PART
ajfa-10763	77	22	credibly	credibly	ADV
ajfa-10763	77	23	report	report	VERB
ajfa-10763	77	24	fair	fair	ADJ
ajfa-10763	77	25	values	value	NOUN
ajfa-10763	77	26	.	.	PUNCT
ajfa-10763	78	1	therefore	therefore	ADV
ajfa-10763	78	2	,	,	PUNCT
ajfa-10763	78	3	managers	manager	NOUN
ajfa-10763	78	4	may	may	AUX
ajfa-10763	78	5	manipulate	manipulate	VERB
ajfa-10763	78	6	inputs	input	NOUN
ajfa-10763	78	7	for	for	ADP
ajfa-10763	78	8	fair	fair	ADJ
ajfa-10763	78	9	values	value	NOUN
ajfa-10763	78	10	for	for	ADP
ajfa-10763	78	11	their	their	PRON
ajfa-10763	78	12	own	own	ADJ
ajfa-10763	78	13	interests	interest	NOUN
ajfa-10763	78	14	(	(	PUNCT
ajfa-10763	78	15	aboody	aboody	NOUN
ajfa-10763	78	16	et	et	PROPN
ajfa-10763	78	17	al	al	PROPN
ajfa-10763	78	18	.	.	PROPN
ajfa-10763	78	19	2006	2006	NUM
ajfa-10763	78	20	;	;	PUNCT
ajfa-10763	78	21	bartov	bartov	PROPN
ajfa-10763	78	22	et	et	PROPN
ajfa-10763	78	23	al	al	PROPN
ajfa-10763	78	24	.	.	PROPN
ajfa-10763	78	25	2007	2007	NUM
ajfa-10763	78	26	)	)	PUNCT
ajfa-10763	78	27	.	.	PUNCT
ajfa-10763	79	1	fiechter	fiechter	NOUN
ajfa-10763	79	2	and	and	CCONJ
ajfa-10763	79	3	meyer	meyer	PROPN
ajfa-10763	79	4	(	(	PUNCT
ajfa-10763	79	5	2011	2011	NUM
ajfa-10763	79	6	)	)	PUNCT
ajfa-10763	79	7	provide	provide	VERB
ajfa-10763	79	8	evidences	evidence	NOUN
ajfa-10763	79	9	that	that	SCONJ
ajfa-10763	79	10	banks	bank	NOUN
ajfa-10763	79	11	with	with	ADP
ajfa-10763	79	12	pre	pre	ADJ
ajfa-10763	79	13	-	-	ADJ
ajfa-10763	79	14	managed	manage	VERB
ajfa-10763	79	15	net	net	ADJ
ajfa-10763	79	16	income	income	NOUN
ajfa-10763	79	17	below	below	ADP
ajfa-10763	79	18	the	the	DET
ajfa-10763	79	19	10th	10th	ADJ
ajfa-10763	79	20	percentile	percentile	NOUN
ajfa-10763	79	21	have	have	AUX
ajfa-10763	79	22	higher	high	ADJ
ajfa-10763	79	23	discretionary	discretionary	ADJ
ajfa-10763	79	24	level	level	NOUN
ajfa-10763	79	25	3	3	NUM
ajfa-10763	79	26	unrealized	unrealized	ADJ
ajfa-10763	79	27	losses	loss	NOUN
ajfa-10763	79	28	than	than	ADP
ajfa-10763	79	29	the	the	DET
ajfa-10763	79	30	control	control	NOUN
ajfa-10763	79	31	group	group	NOUN
ajfa-10763	79	32	.	.	PUNCT
ajfa-10763	80	1	the	the	DET
ajfa-10763	80	2	evidence	evidence	NOUN
ajfa-10763	80	3	is	be	AUX
ajfa-10763	80	4	consistent	consistent	ADJ
ajfa-10763	80	5	with	with	ADP
ajfa-10763	80	6	big	big	ADJ
ajfa-10763	80	7	bath	bath	NOUN
ajfa-10763	80	8	behavior	behavior	NOUN
ajfa-10763	80	9	with	with	ADP
ajfa-10763	80	10	respect	respect	NOUN
ajfa-10763	80	11	to	to	ADP
ajfa-10763	80	12	losses	loss	NOUN
ajfa-10763	80	13	of	of	ADP
ajfa-10763	80	14	level	level	NOUN
ajfa-10763	80	15	3	3	NUM
ajfa-10763	80	16	fair	fair	ADJ
ajfa-10763	80	17	values	value	NOUN
ajfa-10763	80	18	.	.	PUNCT
ajfa-10763	81	1	dechow	dechow	ADJ
ajfa-10763	81	2	et	et	PROPN
ajfa-10763	81	3	al	al	PROPN
ajfa-10763	81	4	.	.	PROPN
ajfa-10763	82	1	(	(	PUNCT
ajfa-10763	82	2	2010	2010	NUM
ajfa-10763	82	3	)	)	PUNCT
ajfa-10763	82	4	find	find	VERB
ajfa-10763	82	5	that	that	SCONJ
ajfa-10763	82	6	reported	report	VERB
ajfa-10763	82	7	gains	gain	NOUN
ajfa-10763	82	8	on	on	ADP
ajfa-10763	82	9	retained	retain	VERB
ajfa-10763	82	10	interests	interest	NOUN
ajfa-10763	82	11	of	of	ADP
ajfa-10763	82	12	securitized	securitize	VERB
ajfa-10763	82	13	receivables	receivables	NOUN
ajfa-10763	82	14	are	be	AUX
ajfa-10763	82	15	higher	high	ADJ
ajfa-10763	82	16	for	for	ADP
ajfa-10763	82	17	firms	firm	NOUN
ajfa-10763	82	18	with	with	ADP
ajfa-10763	82	19	low	low	ADJ
ajfa-10763	82	20	pre	pre	ADJ
ajfa-10763	82	21	-	-	ADJ
ajfa-10763	82	22	securitization	securitization	ADJ
ajfa-10763	82	23	earnings	earning	NOUN
ajfa-10763	82	24	and	and	CCONJ
ajfa-10763	82	25	negative	negative	ADJ
ajfa-10763	82	26	earnings	earning	NOUN
ajfa-10763	82	27	changes	change	NOUN
ajfa-10763	82	28	.	.	PUNCT
ajfa-10763	83	1	valencia	valencia	PROPN
ajfa-10763	83	2	(	(	PUNCT
ajfa-10763	83	3	2011	2011	NUM
ajfa-10763	83	4	)	)	PUNCT
ajfa-10763	83	5	indicates	indicate	VERB
ajfa-10763	83	6	that	that	SCONJ
ajfa-10763	83	7	managers	manager	NOUN
ajfa-10763	83	8	'	'	PART
ajfa-10763	83	9	decisions	decision	NOUN
ajfa-10763	83	10	to	to	PART
ajfa-10763	83	11	exercise	exercise	VERB
ajfa-10763	83	12	opportunistic	opportunistic	ADJ
ajfa-10763	83	13	behavior	behavior	NOUN
ajfa-10763	83	14	with	with	ADP
ajfa-10763	83	15	respect	respect	NOUN
ajfa-10763	83	16	to	to	PART
ajfa-10763	83	17	level	level	VERB
ajfa-10763	83	18	3	3	NUM
ajfa-10763	83	19	instruments	instrument	NOUN
ajfa-10763	83	20	asian	asian	ADJ
ajfa-10763	83	21	journal	journal	NOUN
ajfa-10763	83	22	of	of	ADP
ajfa-10763	83	23	finance	finance	PROPN
ajfa-10763	83	24	&	&	CCONJ
ajfa-10763	83	25	accounting	accounting	PROPN
ajfa-10763	83	26	issn	issn	PROPN
ajfa-10763	83	27	1946	1946	NUM
ajfa-10763	83	28	-	-	PUNCT
ajfa-10763	83	29	052x	052x	PROPN
ajfa-10763	83	30	2017	2017	NUM
ajfa-10763	83	31	,	,	PUNCT
ajfa-10763	83	32	vol	vol	NOUN
ajfa-10763	83	33	.	.	NOUN
ajfa-10763	84	1	9	9	NUM
ajfa-10763	84	2	,	,	PUNCT
ajfa-10763	84	3	no	no	INTJ
ajfa-10763	84	4	.	.	NOUN
ajfa-10763	84	5	1	1	NUM
ajfa-10763	84	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	84	7	140	140	NUM
ajfa-10763	84	8	may	may	AUX
ajfa-10763	84	9	involve	involve	VERB
ajfa-10763	84	10	the	the	DET
ajfa-10763	84	11	use	use	NOUN
ajfa-10763	84	12	of	of	ADP
ajfa-10763	84	13	discretion	discretion	NOUN
ajfa-10763	84	14	regarding	regard	VERB
ajfa-10763	84	15	the	the	DET
ajfa-10763	84	16	fair	fair	ADJ
ajfa-10763	84	17	-	-	PUNCT
ajfa-10763	84	18	value	value	NOUN
ajfa-10763	84	19	estimates	estimate	NOUN
ajfa-10763	84	20	they	they	PRON
ajfa-10763	84	21	make	make	VERB
ajfa-10763	84	22	at	at	ADP
ajfa-10763	84	23	each	each	DET
ajfa-10763	84	24	reporting	reporting	NOUN
ajfa-10763	84	25	period	period	NOUN
ajfa-10763	84	26	.	.	PUNCT
ajfa-10763	85	1	in	in	ADP
ajfa-10763	85	2	summary	summary	NOUN
ajfa-10763	85	3	,	,	PUNCT
ajfa-10763	85	4	the	the	DET
ajfa-10763	85	5	findings	finding	NOUN
ajfa-10763	85	6	of	of	ADP
ajfa-10763	85	7	extant	extant	ADJ
ajfa-10763	85	8	literature	literature	NOUN
ajfa-10763	85	9	documented	document	VERB
ajfa-10763	85	10	that	that	SCONJ
ajfa-10763	85	11	managers	manager	NOUN
ajfa-10763	85	12	use	use	VERB
ajfa-10763	85	13	their	their	PRON
ajfa-10763	85	14	discretion	discretion	NOUN
ajfa-10763	85	15	on	on	ADP
ajfa-10763	85	16	fair	fair	ADJ
ajfa-10763	85	17	values	value	NOUN
ajfa-10763	85	18	to	to	PART
ajfa-10763	85	19	manage	manage	VERB
ajfa-10763	85	20	earnings	earning	NOUN
ajfa-10763	85	21	.	.	PUNCT
ajfa-10763	86	1	from	from	ADP
ajfa-10763	86	2	the	the	DET
ajfa-10763	86	3	viewpoint	viewpoint	NOUN
ajfa-10763	86	4	of	of	ADP
ajfa-10763	86	5	ceo	ceo	NOUN
ajfa-10763	86	6	overconfidence	overconfidence	NOUN
ajfa-10763	86	7	,	,	PUNCT
ajfa-10763	86	8	hsieh	hsieh	PROPN
ajfa-10763	86	9	et	et	PROPN
ajfa-10763	86	10	al	al	PROPN
ajfa-10763	86	11	.	.	PROPN
ajfa-10763	87	1	(	(	PUNCT
ajfa-10763	87	2	2014	2014	NUM
ajfa-10763	87	3	)	)	PUNCT
ajfa-10763	87	4	indicate	indicate	VERB
ajfa-10763	87	5	that	that	SCONJ
ajfa-10763	87	6	overconfident	overconfident	ADJ
ajfa-10763	87	7	ceos	ceos	NOUN
ajfa-10763	87	8	will	will	AUX
ajfa-10763	87	9	seek	seek	VERB
ajfa-10763	87	10	to	to	PART
ajfa-10763	87	11	achieve	achieve	VERB
ajfa-10763	87	12	their	their	PRON
ajfa-10763	87	13	unrealistically	unrealistically	ADV
ajfa-10763	87	14	high	high	ADJ
ajfa-10763	87	15	expectations	expectation	NOUN
ajfa-10763	87	16	and	and	CCONJ
ajfa-10763	87	17	will	will	AUX
ajfa-10763	87	18	be	be	AUX
ajfa-10763	87	19	more	more	ADV
ajfa-10763	87	20	likely	likely	ADJ
ajfa-10763	87	21	to	to	PART
ajfa-10763	87	22	engage	engage	VERB
ajfa-10763	87	23	in	in	ADP
ajfa-10763	87	24	managing	manage	VERB
ajfa-10763	87	25	earnings	earning	NOUN
ajfa-10763	87	26	.	.	PUNCT
ajfa-10763	88	1	since	since	SCONJ
ajfa-10763	88	2	level	level	NOUN
ajfa-10763	88	3	3	3	NUM
ajfa-10763	88	4	fair	fair	ADJ
ajfa-10763	88	5	values	value	NOUN
ajfa-10763	88	6	is	be	AUX
ajfa-10763	88	7	subject	subject	ADJ
ajfa-10763	88	8	to	to	ADP
ajfa-10763	88	9	the	the	DET
ajfa-10763	88	10	highest	high	ADJ
ajfa-10763	88	11	level	level	NOUN
ajfa-10763	88	12	of	of	ADP
ajfa-10763	88	13	managerial	managerial	ADJ
ajfa-10763	88	14	discretion	discretion	NOUN
ajfa-10763	88	15	,	,	PUNCT
ajfa-10763	88	16	this	this	PRON
ajfa-10763	88	17	is	be	AUX
ajfa-10763	88	18	expected	expect	VERB
ajfa-10763	88	19	to	to	PART
ajfa-10763	88	20	be	be	AUX
ajfa-10763	88	21	an	an	DET
ajfa-10763	88	22	avenue	avenue	NOUN
ajfa-10763	88	23	for	for	ADP
ajfa-10763	88	24	earnings	earning	NOUN
ajfa-10763	88	25	management	management	NOUN
ajfa-10763	88	26	(	(	PUNCT
ajfa-10763	88	27	chong	chong	PROPN
ajfa-10763	88	28	et	et	PROPN
ajfa-10763	88	29	al	al	PROPN
ajfa-10763	88	30	.	.	PROPN
ajfa-10763	88	31	2012	2012	NUM
ajfa-10763	88	32	)	)	PUNCT
ajfa-10763	88	33	.	.	PUNCT
ajfa-10763	89	1	therefore	therefore	ADV
ajfa-10763	89	2	,	,	PUNCT
ajfa-10763	89	3	overconfident	overconfident	ADJ
ajfa-10763	89	4	ceo	ceo	NOUN
ajfa-10763	89	5	can	can	AUX
ajfa-10763	89	6	use	use	VERB
ajfa-10763	89	7	the	the	DET
ajfa-10763	89	8	discretion	discretion	NOUN
ajfa-10763	89	9	allowed	allow	VERB
ajfa-10763	89	10	in	in	ADP
ajfa-10763	89	11	level	level	NOUN
ajfa-10763	89	12	3	3	NUM
ajfa-10763	89	13	fair	fair	ADJ
ajfa-10763	89	14	values	value	NOUN
ajfa-10763	89	15	to	to	PART
ajfa-10763	89	16	boost	boost	VERB
ajfa-10763	89	17	earnings	earning	NOUN
ajfa-10763	89	18	because	because	SCONJ
ajfa-10763	89	19	gains	gain	NOUN
ajfa-10763	89	20	on	on	ADP
ajfa-10763	89	21	level	level	NOUN
ajfa-10763	89	22	3	3	NUM
ajfa-10763	89	23	fair	fair	ADJ
ajfa-10763	89	24	values	value	NOUN
ajfa-10763	89	25	increase	increase	VERB
ajfa-10763	89	26	reported	report	VERB
ajfa-10763	89	27	earnings	earning	NOUN
ajfa-10763	89	28	.	.	PUNCT
ajfa-10763	90	1	according	accord	VERB
ajfa-10763	90	2	to	to	ADP
ajfa-10763	90	3	above	above	ADP
ajfa-10763	90	4	discussion	discussion	NOUN
ajfa-10763	90	5	,	,	PUNCT
ajfa-10763	90	6	this	this	DET
ajfa-10763	90	7	paper	paper	NOUN
ajfa-10763	90	8	develops	develop	VERB
ajfa-10763	90	9	the	the	DET
ajfa-10763	90	10	second	second	ADJ
ajfa-10763	90	11	hypothesis	hypothesis	NOUN
ajfa-10763	90	12	:	:	PUNCT
ajfa-10763	90	13	h2	h2	NOUN
ajfa-10763	90	14	:	:	PUNCT
ajfa-10763	90	15	firms	firm	NOUN
ajfa-10763	90	16	with	with	ADP
ajfa-10763	90	17	higher	high	ADJ
ajfa-10763	90	18	ceo	ceo	NOUN
ajfa-10763	90	19	overconfidence	overconfidence	NOUN
ajfa-10763	90	20	is	be	AUX
ajfa-10763	90	21	more	more	ADV
ajfa-10763	90	22	likely	likely	ADJ
ajfa-10763	90	23	to	to	PART
ajfa-10763	90	24	report	report	VERB
ajfa-10763	90	25	gains	gain	NOUN
ajfa-10763	90	26	from	from	ADP
ajfa-10763	90	27	level	level	NOUN
ajfa-10763	90	28	3	3	NUM
ajfa-10763	90	29	fair	fair	ADJ
ajfa-10763	90	30	values	value	NOUN
ajfa-10763	90	31	.	.	PUNCT
ajfa-10763	91	1	2.3	2.3	NUM
ajfa-10763	91	2	the	the	DET
ajfa-10763	91	3	relationship	relationship	NOUN
ajfa-10763	91	4	between	between	ADP
ajfa-10763	91	5	ceo	ceo	NOUN
ajfa-10763	91	6	overconfidence	overconfidence	NOUN
ajfa-10763	91	7	and	and	CCONJ
ajfa-10763	91	8	fair	fair	ADJ
ajfa-10763	91	9	value	value	NOUN
ajfa-10763	91	10	reporting	reporting	NOUN
ajfa-10763	91	11	-	-	PUNCT
ajfa-10763	91	12	the	the	DET
ajfa-10763	91	13	moderating	moderate	VERB
ajfa-10763	91	14	effect	effect	NOUN
ajfa-10763	91	15	of	of	ADP
ajfa-10763	91	16	corporate	corporate	ADJ
ajfa-10763	91	17	governance	governance	NOUN
ajfa-10763	91	18	larcker	larcker	NOUN
ajfa-10763	91	19	et	et	PROPN
ajfa-10763	91	20	al	al	PROPN
ajfa-10763	91	21	.	.	PROPN
ajfa-10763	91	22	(	(	PUNCT
ajfa-10763	91	23	2007	2007	NUM
ajfa-10763	91	24	)	)	PUNCT
ajfa-10763	91	25	indicate	indicate	VERB
ajfa-10763	91	26	that	that	SCONJ
ajfa-10763	91	27	the	the	DET
ajfa-10763	91	28	corporate	corporate	ADJ
ajfa-10763	91	29	governance	governance	NOUN
ajfa-10763	91	30	refers	refer	VERB
ajfa-10763	91	31	to	to	ADP
ajfa-10763	91	32	the	the	DET
ajfa-10763	91	33	set	set	NOUN
ajfa-10763	91	34	of	of	ADP
ajfa-10763	91	35	mechanisms	mechanism	NOUN
ajfa-10763	91	36	that	that	PRON
ajfa-10763	91	37	influence	influence	VERB
ajfa-10763	91	38	the	the	DET
ajfa-10763	91	39	decisions	decision	NOUN
ajfa-10763	91	40	made	make	VERB
ajfa-10763	91	41	by	by	ADP
ajfa-10763	91	42	managers	manager	NOUN
ajfa-10763	91	43	when	when	SCONJ
ajfa-10763	91	44	there	there	PRON
ajfa-10763	91	45	is	be	VERB
ajfa-10763	91	46	a	a	DET
ajfa-10763	91	47	separation	separation	NOUN
ajfa-10763	91	48	of	of	ADP
ajfa-10763	91	49	ownership	ownership	NOUN
ajfa-10763	91	50	and	and	CCONJ
ajfa-10763	91	51	control	control	NOUN
ajfa-10763	91	52	.	.	PUNCT
ajfa-10763	92	1	prior	prior	ADJ
ajfa-10763	92	2	literature	literature	NOUN
ajfa-10763	92	3	has	have	AUX
ajfa-10763	92	4	examined	examine	VERB
ajfa-10763	92	5	the	the	DET
ajfa-10763	92	6	effects	effect	NOUN
ajfa-10763	92	7	of	of	ADP
ajfa-10763	92	8	a	a	DET
ajfa-10763	92	9	variety	variety	NOUN
ajfa-10763	92	10	of	of	ADP
ajfa-10763	92	11	corporate	corporate	ADJ
ajfa-10763	92	12	governance	governance	NOUN
ajfa-10763	92	13	mechanisms	mechanism	NOUN
ajfa-10763	92	14	on	on	ADP
ajfa-10763	92	15	managerial	managerial	ADJ
ajfa-10763	92	16	decision	decision	NOUN
ajfa-10763	92	17	-	-	PUNCT
ajfa-10763	92	18	making	making	NOUN
ajfa-10763	92	19	or	or	CCONJ
ajfa-10763	92	20	constrain	constrain	VERB
ajfa-10763	92	21	executive	executive	ADJ
ajfa-10763	92	22	behavior	behavior	NOUN
ajfa-10763	92	23	(	(	PUNCT
ajfa-10763	92	24	morck	morck	PROPN
ajfa-10763	92	25	et	et	PROPN
ajfa-10763	92	26	al	al	PROPN
ajfa-10763	92	27	.	.	PROPN
ajfa-10763	92	28	,	,	PUNCT
ajfa-10763	92	29	1988	1988	NUM
ajfa-10763	92	30	;	;	PUNCT
ajfa-10763	92	31	byrd	byrd	PROPN
ajfa-10763	92	32	and	and	CCONJ
ajfa-10763	92	33	hickman	hickman	PROPN
ajfa-10763	92	34	,	,	PUNCT
ajfa-10763	92	35	1992	1992	NUM
ajfa-10763	92	36	;	;	PUNCT
ajfa-10763	92	37	brickley	brickley	PROPN
ajfa-10763	92	38	et	et	PROPN
ajfa-10763	92	39	al	al	PROPN
ajfa-10763	92	40	.	.	PROPN
ajfa-10763	92	41	,	,	PUNCT
ajfa-10763	92	42	1994	1994	NUM
ajfa-10763	92	43	;	;	PUNCT
ajfa-10763	92	44	yermack	yermack	NOUN
ajfa-10763	92	45	,	,	PUNCT
ajfa-10763	92	46	1996	1996	NUM
ajfa-10763	92	47	;	;	PUNCT
ajfa-10763	92	48	core	core	NOUN
ajfa-10763	92	49	et	et	PROPN
ajfa-10763	92	50	al	al	PROPN
ajfa-10763	92	51	.	.	PROPN
ajfa-10763	92	52	,	,	PUNCT
ajfa-10763	92	53	1999	1999	NUM
ajfa-10763	92	54	;	;	PUNCT
ajfa-10763	92	55	klein	klein	PROPN
ajfa-10763	92	56	,	,	PUNCT
ajfa-10763	92	57	2002	2002	NUM
ajfa-10763	92	58	;	;	PUNCT
ajfa-10763	92	59	and	and	CCONJ
ajfa-10763	92	60	gompers	gomper	NOUN
ajfa-10763	92	61	et	et	PROPN
ajfa-10763	92	62	al	al	PROPN
ajfa-10763	92	63	.	.	PROPN
ajfa-10763	92	64	,	,	PUNCT
ajfa-10763	92	65	2003	2003	NUM
ajfa-10763	92	66	)	)	PUNCT
ajfa-10763	92	67	.	.	PUNCT
ajfa-10763	93	1	for	for	ADP
ajfa-10763	93	2	example	example	NOUN
ajfa-10763	93	3	,	,	PUNCT
ajfa-10763	93	4	baysinger	baysinger	NOUN
ajfa-10763	93	5	et	et	PROPN
ajfa-10763	93	6	al	al	PROPN
ajfa-10763	93	7	.	.	PROPN
ajfa-10763	94	1	(	(	PUNCT
ajfa-10763	94	2	1991	1991	NUM
ajfa-10763	94	3	)	)	PUNCT
ajfa-10763	94	4	find	find	VERB
ajfa-10763	94	5	that	that	SCONJ
ajfa-10763	94	6	the	the	DET
ajfa-10763	94	7	percentage	percentage	NOUN
ajfa-10763	94	8	of	of	ADP
ajfa-10763	94	9	inside	inside	ADJ
ajfa-10763	94	10	directors	director	NOUN
ajfa-10763	94	11	on	on	ADP
ajfa-10763	94	12	a	a	DET
ajfa-10763	94	13	board	board	NOUN
ajfa-10763	94	14	and	and	CCONJ
ajfa-10763	94	15	the	the	DET
ajfa-10763	94	16	percentage	percentage	NOUN
ajfa-10763	94	17	of	of	ADP
ajfa-10763	94	18	institutional	institutional	ADJ
ajfa-10763	94	19	ownership	ownership	NOUN
ajfa-10763	94	20	are	be	AUX
ajfa-10763	94	21	positively	positively	ADV
ajfa-10763	94	22	associated	associate	VERB
ajfa-10763	94	23	with	with	ADP
ajfa-10763	94	24	r&d	r&d	NOUN
ajfa-10763	94	25	spending	spending	NOUN
ajfa-10763	94	26	.	.	PUNCT
ajfa-10763	95	1	chen	chen	PROPN
ajfa-10763	95	2	and	and	CCONJ
ajfa-10763	95	3	chung	chung	PROPN
ajfa-10763	95	4	(	(	PUNCT
ajfa-10763	95	5	2009	2009	NUM
ajfa-10763	95	6	)	)	PUNCT
ajfa-10763	95	7	examines	examine	VERB
ajfa-10763	95	8	the	the	DET
ajfa-10763	95	9	impact	impact	NOUN
ajfa-10763	95	10	of	of	ADP
ajfa-10763	95	11	corporate	corporate	ADJ
ajfa-10763	95	12	governance	governance	NOUN
ajfa-10763	95	13	on	on	ADP
ajfa-10763	95	14	the	the	DET
ajfa-10763	95	15	cash	cash	NOUN
ajfa-10763	95	16	-	-	PUNCT
ajfa-10763	95	17	holding	hold	VERB
ajfa-10763	95	18	policies	policy	NOUN
ajfa-10763	95	19	of	of	ADP
ajfa-10763	95	20	firms	firm	NOUN
ajfa-10763	95	21	with	with	ADP
ajfa-10763	95	22	different	different	ADJ
ajfa-10763	95	23	investment	investment	NOUN
ajfa-10763	95	24	opportunities	opportunity	NOUN
ajfa-10763	95	25	.	.	PUNCT
ajfa-10763	96	1	they	they	PRON
ajfa-10763	96	2	find	find	VERB
ajfa-10763	96	3	ceo	ceo	NOUN
ajfa-10763	96	4	ownership	ownership	NOUN
ajfa-10763	96	5	and	and	CCONJ
ajfa-10763	96	6	board	board	NOUN
ajfa-10763	96	7	independence	independence	NOUN
ajfa-10763	96	8	affect	affect	VERB
ajfa-10763	96	9	the	the	DET
ajfa-10763	96	10	cash	cash	NOUN
ajfa-10763	96	11	holdings	holding	NOUN
ajfa-10763	96	12	in	in	ADP
ajfa-10763	96	13	listed	list	VERB
ajfa-10763	96	14	new	new	ADJ
ajfa-10763	96	15	economy	economy	NOUN
ajfa-10763	96	16	and	and	CCONJ
ajfa-10763	96	17	old	old	ADJ
ajfa-10763	96	18	economy	economy	NOUN
ajfa-10763	96	19	firms	firm	NOUN
ajfa-10763	96	20	differently	differently	ADV
ajfa-10763	96	21	.	.	PUNCT
ajfa-10763	97	1	conyon	conyon	NOUN
ajfa-10763	97	2	and	and	CCONJ
ajfa-10763	97	3	florou	florou	PROPN
ajfa-10763	97	4	(	(	PUNCT
ajfa-10763	97	5	2004	2004	NUM
ajfa-10763	97	6	)	)	PUNCT
ajfa-10763	97	7	find	find	VERB
ajfa-10763	97	8	that	that	SCONJ
ajfa-10763	97	9	stock	stock	NOUN
ajfa-10763	97	10	compensation	compensation	NOUN
ajfa-10763	97	11	of	of	ADP
ajfa-10763	97	12	outside	outside	ADJ
ajfa-10763	97	13	directors	director	NOUN
ajfa-10763	97	14	and	and	CCONJ
ajfa-10763	97	15	executives	executive	NOUN
ajfa-10763	97	16	positively	positively	ADV
ajfa-10763	97	17	affects	affect	VERB
ajfa-10763	97	18	investment	investment	NOUN
ajfa-10763	97	19	in	in	ADP
ajfa-10763	97	20	fixed	fix	VERB
ajfa-10763	97	21	capital	capital	NOUN
ajfa-10763	97	22	during	during	ADP
ajfa-10763	97	23	the	the	DET
ajfa-10763	97	24	ceo	ceo	NOUN
ajfa-10763	97	25	’s	’s	PART
ajfa-10763	97	26	final	final	ADJ
ajfa-10763	97	27	year	year	NOUN
ajfa-10763	97	28	.	.	PUNCT
ajfa-10763	98	1	to	to	PART
ajfa-10763	98	2	summarize	summarize	VERB
ajfa-10763	98	3	,	,	PUNCT
ajfa-10763	98	4	the	the	DET
ajfa-10763	98	5	above	above	ADJ
ajfa-10763	98	6	literature	literature	NOUN
ajfa-10763	98	7	indicates	indicate	VERB
ajfa-10763	98	8	corporate	corporate	ADJ
ajfa-10763	98	9	governance	governance	NOUN
ajfa-10763	98	10	will	will	AUX
ajfa-10763	98	11	monitor	monitor	VERB
ajfa-10763	98	12	the	the	DET
ajfa-10763	98	13	managerial	managerial	ADJ
ajfa-10763	98	14	behavior	behavior	NOUN
ajfa-10763	98	15	.	.	PUNCT
ajfa-10763	99	1	for	for	ADP
ajfa-10763	99	2	firms	firm	NOUN
ajfa-10763	99	3	with	with	ADP
ajfa-10763	99	4	more	more	ADV
ajfa-10763	99	5	strong	strong	ADJ
ajfa-10763	99	6	corporate	corporate	ADJ
ajfa-10763	99	7	governance	governance	NOUN
ajfa-10763	99	8	mechanisms	mechanism	NOUN
ajfa-10763	99	9	,	,	PUNCT
ajfa-10763	99	10	information	information	NOUN
ajfa-10763	99	11	asymmetry	asymmetry	NOUN
ajfa-10763	99	12	problems	problem	NOUN
ajfa-10763	99	13	associated	associate	VERB
ajfa-10763	99	14	with	with	ADP
ajfa-10763	99	15	fair	fair	ADJ
ajfa-10763	99	16	values	value	NOUN
ajfa-10763	99	17	may	may	AUX
ajfa-10763	99	18	be	be	AUX
ajfa-10763	99	19	lower	low	ADJ
ajfa-10763	99	20	,	,	PUNCT
ajfa-10763	99	21	leading	lead	VERB
ajfa-10763	99	22	to	to	ADP
ajfa-10763	99	23	less	less	ADV
ajfa-10763	99	24	severe	severe	ADJ
ajfa-10763	99	25	moral	moral	ADJ
ajfa-10763	99	26	hazard	hazard	NOUN
ajfa-10763	99	27	problems	problem	NOUN
ajfa-10763	99	28	,	,	PUNCT
ajfa-10763	99	29	and	and	CCONJ
ajfa-10763	99	30	therefore	therefore	ADV
ajfa-10763	99	31	higher	high	ADJ
ajfa-10763	99	32	value	value	NOUN
ajfa-10763	99	33	relevance	relevance	NOUN
ajfa-10763	99	34	of	of	ADP
ajfa-10763	99	35	these	these	DET
ajfa-10763	99	36	disclosures	disclosure	NOUN
ajfa-10763	99	37	.	.	PUNCT
ajfa-10763	100	1	for	for	ADP
ajfa-10763	100	2	example	example	NOUN
ajfa-10763	100	3	,	,	PUNCT
ajfa-10763	100	4	song	song	NOUN
ajfa-10763	100	5	et	et	PROPN
ajfa-10763	100	6	al	al	PROPN
ajfa-10763	100	7	.	.	PROPN
ajfa-10763	101	1	(	(	PUNCT
ajfa-10763	101	2	2010	2010	NUM
ajfa-10763	101	3	)	)	PUNCT
ajfa-10763	101	4	provide	provide	VERB
ajfa-10763	101	5	evidences	evidence	NOUN
ajfa-10763	101	6	that	that	PRON
ajfa-10763	101	7	support	support	VERB
ajfa-10763	101	8	the	the	DET
ajfa-10763	101	9	relevance	relevance	NOUN
ajfa-10763	101	10	of	of	ADP
ajfa-10763	101	11	fair	fair	ADJ
ajfa-10763	101	12	value	value	NOUN
ajfa-10763	101	13	measurements	measurement	NOUN
ajfa-10763	101	14	under	under	ADP
ajfa-10763	101	15	fas	fas	PROPN
ajfa-10763	101	16	no	no	PROPN
ajfa-10763	101	17	.	.	PROPN
ajfa-10763	101	18	157	157	NUM
ajfa-10763	101	19	,	,	PUNCT
ajfa-10763	101	20	but	but	CCONJ
ajfa-10763	101	21	weaker	weak	ADJ
ajfa-10763	101	22	corporate	corporate	ADJ
ajfa-10763	101	23	governance	governance	NOUN
ajfa-10763	101	24	mechanisms	mechanism	NOUN
ajfa-10763	101	25	may	may	AUX
ajfa-10763	101	26	reduce	reduce	VERB
ajfa-10763	101	27	the	the	DET
ajfa-10763	101	28	relevance	relevance	NOUN
ajfa-10763	101	29	of	of	ADP
ajfa-10763	101	30	these	these	DET
ajfa-10763	101	31	measures	measure	NOUN
ajfa-10763	101	32	.	.	PUNCT
ajfa-10763	102	1	thus	thus	ADV
ajfa-10763	102	2	,	,	PUNCT
ajfa-10763	102	3	corporate	corporate	ADJ
ajfa-10763	102	4	governance	governance	NOUN
ajfa-10763	102	5	may	may	AUX
ajfa-10763	102	6	also	also	ADV
ajfa-10763	102	7	affect	affect	VERB
ajfa-10763	102	8	the	the	DET
ajfa-10763	102	9	managerial	managerial	ADJ
ajfa-10763	102	10	fair	fair	ADJ
ajfa-10763	102	11	value	value	NOUN
ajfa-10763	102	12	reporting	reporting	NOUN
ajfa-10763	102	13	.	.	PUNCT
ajfa-10763	103	1	prior	prior	ADJ
ajfa-10763	103	2	literature	literature	NOUN
ajfa-10763	103	3	indicates	indicate	VERB
ajfa-10763	103	4	effective	effective	ADJ
ajfa-10763	103	5	corporate	corporate	ADJ
ajfa-10763	103	6	governance	governance	NOUN
ajfa-10763	103	7	mechanisms	mechanism	NOUN
ajfa-10763	103	8	ameliorate	ameliorate	VERB
ajfa-10763	103	9	the	the	DET
ajfa-10763	103	10	adverse	adverse	ADJ
ajfa-10763	103	11	impact	impact	NOUN
ajfa-10763	103	12	of	of	ADP
ajfa-10763	103	13	ceo	ceo	NOUN
ajfa-10763	103	14	overconfidence	overconfidence	NOUN
ajfa-10763	103	15	(	(	PUNCT
ajfa-10763	103	16	goel	goel	PROPN
ajfa-10763	103	17	and	and	CCONJ
ajfa-10763	103	18	thakor	thakor	PROPN
ajfa-10763	103	19	,	,	PUNCT
ajfa-10763	103	20	2008	2008	NUM
ajfa-10763	103	21	;	;	PUNCT
ajfa-10763	103	22	liu	liu	PROPN
ajfa-10763	103	23	and	and	CCONJ
ajfa-10763	103	24	taffler	taffler	PROPN
ajfa-10763	103	25	,	,	PUNCT
ajfa-10763	103	26	2008	2008	NUM
ajfa-10763	103	27	;	;	PUNCT
ajfa-10763	103	28	heaton	heaton	PROPN
ajfa-10763	103	29	,	,	PUNCT
ajfa-10763	103	30	2002	2002	NUM
ajfa-10763	103	31	)	)	PUNCT
ajfa-10763	103	32	.	.	PUNCT
ajfa-10763	104	1	goel	goel	PROPN
ajfa-10763	104	2	and	and	CCONJ
ajfa-10763	104	3	thakor	thakor	PROPN
ajfa-10763	104	4	(	(	PUNCT
ajfa-10763	104	5	2008	2008	NUM
ajfa-10763	104	6	)	)	PUNCT
ajfa-10763	104	7	indicate	indicate	VERB
ajfa-10763	104	8	that	that	SCONJ
ajfa-10763	104	9	board	board	NOUN
ajfa-10763	104	10	fires	fire	VERB
ajfa-10763	104	11	the	the	DET
ajfa-10763	104	12	ceo	ceo	NOUN
ajfa-10763	104	13	if	if	SCONJ
ajfa-10763	104	14	she	she	PRON
ajfa-10763	104	15	is	be	AUX
ajfa-10763	104	16	too	too	ADV
ajfa-10763	104	17	overconfident	overconfident	ADJ
ajfa-10763	104	18	.	.	PUNCT
ajfa-10763	105	1	therefore	therefore	ADV
ajfa-10763	105	2	,	,	PUNCT
ajfa-10763	105	3	i	i	PRON
ajfa-10763	105	4	expect	expect	VERB
ajfa-10763	105	5	the	the	DET
ajfa-10763	105	6	corporate	corporate	ADJ
ajfa-10763	105	7	governance	governance	NOUN
ajfa-10763	105	8	will	will	AUX
ajfa-10763	105	9	mitigate	mitigate	VERB
ajfa-10763	105	10	the	the	DET
ajfa-10763	105	11	positive	positive	ADJ
ajfa-10763	105	12	association	association	NOUN
ajfa-10763	105	13	between	between	ADP
ajfa-10763	105	14	ceo	ceo	NOUN
ajfa-10763	105	15	overconfidence	overconfidence	NOUN
ajfa-10763	105	16	and	and	CCONJ
ajfa-10763	105	17	level	level	NOUN
ajfa-10763	105	18	3	3	NUM
ajfa-10763	105	19	fair	fair	ADJ
ajfa-10763	105	20	values	value	NOUN
ajfa-10763	105	21	.	.	PUNCT
ajfa-10763	106	1	in	in	ADP
ajfa-10763	106	2	addition	addition	NOUN
ajfa-10763	106	3	,	,	PUNCT
ajfa-10763	106	4	i	i	PRON
ajfa-10763	106	5	expect	expect	VERB
ajfa-10763	106	6	effective	effective	ADJ
ajfa-10763	106	7	corporate	corporate	ADJ
ajfa-10763	106	8	asian	asian	ADJ
ajfa-10763	106	9	journal	journal	NOUN
ajfa-10763	106	10	of	of	ADP
ajfa-10763	106	11	finance	finance	PROPN
ajfa-10763	106	12	&	&	CCONJ
ajfa-10763	106	13	accounting	accounting	PROPN
ajfa-10763	106	14	issn	issn	PROPN
ajfa-10763	106	15	1946	1946	NUM
ajfa-10763	106	16	-	-	PUNCT
ajfa-10763	106	17	052x	052x	PROPN
ajfa-10763	106	18	2017	2017	NUM
ajfa-10763	106	19	,	,	PUNCT
ajfa-10763	106	20	vol	vol	NOUN
ajfa-10763	106	21	.	.	NOUN
ajfa-10763	106	22	9	9	NUM
ajfa-10763	106	23	,	,	PUNCT
ajfa-10763	106	24	no	no	INTJ
ajfa-10763	106	25	.	.	NOUN
ajfa-10763	106	26	1	1	NUM
ajfa-10763	106	27	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	106	28	141	141	NUM
ajfa-10763	106	29	governance	governance	NOUN
ajfa-10763	106	30	will	will	AUX
ajfa-10763	106	31	mitigate	mitigate	VERB
ajfa-10763	106	32	the	the	DET
ajfa-10763	106	33	positive	positive	ADJ
ajfa-10763	106	34	association	association	NOUN
ajfa-10763	106	35	between	between	ADP
ajfa-10763	106	36	ceo	ceo	NOUN
ajfa-10763	106	37	overconfidence	overconfidence	NOUN
ajfa-10763	106	38	and	and	CCONJ
ajfa-10763	106	39	gains	gain	NOUN
ajfa-10763	106	40	from	from	ADP
ajfa-10763	106	41	level	level	NOUN
ajfa-10763	106	42	3	3	NUM
ajfa-10763	106	43	fair	fair	ADJ
ajfa-10763	106	44	values	value	NOUN
ajfa-10763	106	45	.	.	PUNCT
ajfa-10763	107	1	therefore	therefore	ADV
ajfa-10763	107	2	,	,	PUNCT
ajfa-10763	107	3	the	the	DET
ajfa-10763	107	4	third	third	ADJ
ajfa-10763	107	5	and	and	CCONJ
ajfa-10763	107	6	fourth	fourth	ADJ
ajfa-10763	107	7	hypotheses	hypothesis	NOUN
ajfa-10763	107	8	are	be	AUX
ajfa-10763	107	9	formulated	formulate	VERB
ajfa-10763	107	10	:	:	PUNCT
ajfa-10763	107	11	h3	h3	VERB
ajfa-10763	107	12	:	:	PUNCT
ajfa-10763	107	13	the	the	DET
ajfa-10763	107	14	positive	positive	ADJ
ajfa-10763	107	15	relationship	relationship	NOUN
ajfa-10763	107	16	between	between	ADP
ajfa-10763	107	17	high	high	ADJ
ajfa-10763	107	18	ceo	ceo	NOUN
ajfa-10763	107	19	overconfidence	overconfidence	NOUN
ajfa-10763	107	20	and	and	CCONJ
ajfa-10763	107	21	level	level	NOUN
ajfa-10763	107	22	3	3	NUM
ajfa-10763	107	23	fair	fair	ADJ
ajfa-10763	107	24	values	value	NOUN
ajfa-10763	107	25	is	be	AUX
ajfa-10763	107	26	attenuated	attenuate	VERB
ajfa-10763	107	27	for	for	ADP
ajfa-10763	107	28	firms	firm	NOUN
ajfa-10763	107	29	with	with	ADP
ajfa-10763	107	30	high	high	ADJ
ajfa-10763	107	31	corporate	corporate	ADJ
ajfa-10763	107	32	governance	governance	NOUN
ajfa-10763	107	33	.	.	PUNCT
ajfa-10763	108	1	h4	h4	NOUN
ajfa-10763	108	2	:	:	PUNCT
ajfa-10763	108	3	the	the	DET
ajfa-10763	108	4	positive	positive	ADJ
ajfa-10763	108	5	relationship	relationship	NOUN
ajfa-10763	108	6	between	between	ADP
ajfa-10763	108	7	high	high	ADJ
ajfa-10763	108	8	ceo	ceo	NOUN
ajfa-10763	108	9	overconfidence	overconfidence	NOUN
ajfa-10763	108	10	and	and	CCONJ
ajfa-10763	108	11	gains	gain	NOUN
ajfa-10763	108	12	from	from	ADP
ajfa-10763	108	13	level	level	NOUN
ajfa-10763	108	14	3	3	NUM
ajfa-10763	108	15	fair	fair	ADJ
ajfa-10763	108	16	values	value	NOUN
ajfa-10763	108	17	is	be	AUX
ajfa-10763	108	18	attenuated	attenuate	VERB
ajfa-10763	108	19	for	for	ADP
ajfa-10763	108	20	firms	firm	NOUN
ajfa-10763	108	21	with	with	ADP
ajfa-10763	108	22	high	high	ADJ
ajfa-10763	108	23	corporate	corporate	ADJ
ajfa-10763	108	24	governance	governance	NOUN
ajfa-10763	108	25	.	.	PUNCT
ajfa-10763	109	1	3	3	X
ajfa-10763	109	2	.	.	X
ajfa-10763	109	3	research	research	NOUN
ajfa-10763	109	4	design	design	NOUN
ajfa-10763	109	5	3.1	3.1	NUM
ajfa-10763	109	6	regression	regression	NOUN
ajfa-10763	109	7	models	model	NOUN
ajfa-10763	109	8	and	and	CCONJ
ajfa-10763	109	9	variable	variable	ADJ
ajfa-10763	109	10	definitions	definition	NOUN
ajfa-10763	109	11	3.1.1	3.1.1	NUM
ajfa-10763	109	12	test	test	NOUN
ajfa-10763	109	13	of	of	ADP
ajfa-10763	109	14	hypothesis	hypothesis	NOUN
ajfa-10763	109	15	1	1	NUM
ajfa-10763	109	16	in	in	ADP
ajfa-10763	109	17	hypothesis	hypothesis	NOUN
ajfa-10763	109	18	1	1	NUM
ajfa-10763	109	19	,	,	PUNCT
ajfa-10763	109	20	it	it	PRON
ajfa-10763	109	21	is	be	AUX
ajfa-10763	109	22	expected	expect	VERB
ajfa-10763	109	23	that	that	SCONJ
ajfa-10763	109	24	high	high	ADJ
ajfa-10763	109	25	ceo	ceo	NOUN
ajfa-10763	109	26	overconfidence	overconfidence	NOUN
ajfa-10763	109	27	is	be	AUX
ajfa-10763	109	28	positively	positively	ADV
ajfa-10763	109	29	associated	associate	VERB
ajfa-10763	109	30	with	with	ADP
ajfa-10763	109	31	level	level	NOUN
ajfa-10763	109	32	3	3	NUM
ajfa-10763	109	33	fair	fair	ADJ
ajfa-10763	109	34	values	value	NOUN
ajfa-10763	109	35	.	.	PUNCT
ajfa-10763	110	1	following	follow	VERB
ajfa-10763	110	2	chong	chong	PROPN
ajfa-10763	110	3	et	et	PROPN
ajfa-10763	110	4	al	al	PROPN
ajfa-10763	110	5	.	.	PROPN
ajfa-10763	111	1	(	(	PUNCT
ajfa-10763	111	2	2012	2012	NUM
ajfa-10763	111	3	)	)	PUNCT
ajfa-10763	111	4	,	,	PUNCT
ajfa-10763	111	5	the	the	DET
ajfa-10763	111	6	basic	basic	ADJ
ajfa-10763	111	7	equation	equation	NOUN
ajfa-10763	111	8	is	be	AUX
ajfa-10763	111	9	developed	develop	VERB
ajfa-10763	111	10	as	as	SCONJ
ajfa-10763	111	11	follows	follow	VERB
ajfa-10763	111	12	:	:	PUNCT
ajfa-10763	111	13	i	i	PRON
ajfa-10763	111	14	,	,	PUNCT
ajfa-10763	111	15	t	t	PROPN
ajfa-10763	111	16	0	0	NUM
ajfa-10763	111	17	1	1	NUM
ajfa-10763	111	18	,	,	PUNCT
ajfa-10763	111	19	2	2	NUM
ajfa-10763	111	20	,	,	PUNCT
ajfa-10763	111	21	3	3	NUM
ajfa-10763	111	22	,	,	PUNCT
ajfa-10763	111	23	4	4	NUM
ajfa-10763	111	24	,	,	PUNCT
ajfa-10763	111	25	5	5	NUM
ajfa-10763	111	26	,	,	PUNCT
ajfa-10763	111	27	6	6	NUM
ajfa-10763	111	28	,	,	PUNCT
ajfa-10763	111	29	7	7	NUM
ajfa-10763	111	30	,	,	PUNCT
ajfa-10763	111	31	8	8	NUM
ajfa-10763	111	32	,	,	PUNCT
ajfa-10763	111	33	level3	level3	PROPN
ajfa-10763	111	34	_	_	PUNCT
ajfa-10763	112	1	_	_	PUNCT
ajfa-10763	113	1	+	+	PUNCT
ajfa-10763	113	2	(	(	PUNCT
ajfa-10763	113	3	1	1	X
ajfa-10763	113	4	)	)	PUNCT
ajfa-10763	113	5	i	i	PRON
ajfa-10763	113	6	t	t	VERB
ajfa-10763	114	1	i	i	PRON
ajfa-10763	114	2	t	t	X
ajfa-10763	115	1	i	i	PRON
ajfa-10763	115	2	t	t	X
ajfa-10763	116	1	i	i	PRON
ajfa-10763	116	2	t	t	X
ajfa-10763	117	1	i	i	PRON
ajfa-10763	117	2	t	t	X
ajfa-10763	118	1	i	i	PRON
ajfa-10763	118	2	t	t	X
ajfa-10763	119	1	i	i	PRON
ajfa-10763	119	2	t	t	X
ajfa-10763	120	1	i	i	PRON
ajfa-10763	120	2	t	t	X
ajfa-10763	120	3	hi	hi	INTJ
ajfa-10763	120	4	over	over	ADP
ajfa-10763	120	5	hi	hi	INTJ
ajfa-10763	120	6	gindex	gindex	NOUN
ajfa-10763	120	7	size	size	NOUN
ajfa-10763	120	8	lev	lev	PROPN
ajfa-10763	120	9	roa	roa	PROPN
ajfa-10763	120	10	ocf	ocf	PROPN
ajfa-10763	120	11	afll	afll	PROPN
ajfa-10763	120	12	pfll	pfll	PROPN
ajfa-10763	121	1	α	α	PROPN
ajfa-10763	121	2	α	α	NOUN
ajfa-10763	121	3	α	α	NOUN
ajfa-10763	121	4	α	α	NOUN
ajfa-10763	121	5	α	α	NOUN
ajfa-10763	121	6	α	α	NOUN
ajfa-10763	121	7	α	α	NOUN
ajfa-10763	121	8	α	α	NOUN
ajfa-10763	121	9	α	α	NOUN
ajfa-10763	121	10	ε	ε	PROPN
ajfa-10763	122	1	=	=	PUNCT
ajfa-10763	123	1	+	+	PUNCT
ajfa-10763	124	1	+	+	PUNCT
ajfa-10763	124	2	+	+	PUNCT
ajfa-10763	124	3	+	+	PUNCT
ajfa-10763	124	4	+	+	PUNCT
ajfa-10763	124	5	+	+	PUNCT
ajfa-10763	124	6	+	+	X
ajfa-10763	124	7	+	+	CCONJ
ajfa-10763	124	8	where	where	SCONJ
ajfa-10763	124	9	,	,	PUNCT
ajfa-10763	124	10	level3	level3	PROPN
ajfa-10763	124	11	=	=	PUNCT
ajfa-10763	125	1	the	the	DET
ajfa-10763	125	2	net	net	ADJ
ajfa-10763	125	3	assets	asset	NOUN
ajfa-10763	125	4	at	at	ADP
ajfa-10763	125	5	level	level	NOUN
ajfa-10763	125	6	3	3	NUM
ajfa-10763	125	7	input	input	NOUN
ajfa-10763	125	8	divided	divide	VERB
ajfa-10763	125	9	by	by	ADP
ajfa-10763	125	10	the	the	DET
ajfa-10763	125	11	net	net	ADJ
ajfa-10763	125	12	assets	asset	NOUN
ajfa-10763	125	13	at	at	ADP
ajfa-10763	125	14	fair	fair	ADJ
ajfa-10763	125	15	value	value	NOUN
ajfa-10763	125	16	.	.	PUNCT
ajfa-10763	126	1	hi_over	hi_over	ADV
ajfa-10763	126	2	=	=	PRON
ajfa-10763	126	3	the	the	DET
ajfa-10763	126	4	variable	variable	NOUN
ajfa-10763	126	5	equals	equal	VERB
ajfa-10763	126	6	one	one	NUM
ajfa-10763	126	7	if	if	SCONJ
ajfa-10763	126	8	the	the	DET
ajfa-10763	126	9	ceo	ceo	NOUN
ajfa-10763	126	10	overconfidence	overconfidence	NOUN
ajfa-10763	126	11	score	score	NOUN
ajfa-10763	126	12	of	of	ADP
ajfa-10763	126	13	the	the	DET
ajfa-10763	126	14	firm	firm	NOUN
ajfa-10763	126	15	is	be	AUX
ajfa-10763	126	16	above	above	ADP
ajfa-10763	126	17	the	the	DET
ajfa-10763	126	18	median	median	ADJ
ajfa-10763	126	19	score	score	NOUN
ajfa-10763	126	20	for	for	ADP
ajfa-10763	126	21	the	the	DET
ajfa-10763	126	22	sample	sample	NOUN
ajfa-10763	126	23	,	,	PUNCT
ajfa-10763	126	24	and	and	CCONJ
ajfa-10763	126	25	zero	zero	NUM
ajfa-10763	126	26	otherwise	otherwise	ADV
ajfa-10763	126	27	.	.	PUNCT
ajfa-10763	127	1	hi_gindex	hi_gindex	NOUN
ajfa-10763	127	2	=	=	NOUN
ajfa-10763	128	1	the	the	DET
ajfa-10763	128	2	variable	variable	NOUN
ajfa-10763	128	3	equals	equal	VERB
ajfa-10763	128	4	one	one	NUM
ajfa-10763	128	5	if	if	SCONJ
ajfa-10763	128	6	the	the	DET
ajfa-10763	128	7	corporate	corporate	ADJ
ajfa-10763	128	8	governance	governance	NOUN
ajfa-10763	128	9	score	score	NOUN
ajfa-10763	128	10	of	of	ADP
ajfa-10763	128	11	the	the	DET
ajfa-10763	128	12	firm	firm	NOUN
ajfa-10763	128	13	is	be	AUX
ajfa-10763	128	14	above	above	ADP
ajfa-10763	128	15	the	the	DET
ajfa-10763	128	16	median	median	ADJ
ajfa-10763	128	17	score	score	NOUN
ajfa-10763	128	18	for	for	ADP
ajfa-10763	128	19	the	the	DET
ajfa-10763	128	20	sample	sample	NOUN
ajfa-10763	128	21	,	,	PUNCT
ajfa-10763	128	22	and	and	CCONJ
ajfa-10763	128	23	zero	zero	NUM
ajfa-10763	128	24	otherwise	otherwise	ADV
ajfa-10763	128	25	.	.	PUNCT
ajfa-10763	129	1	size	size	NOUN
ajfa-10763	129	2	=	=	PUNCT
ajfa-10763	129	3	the	the	DET
ajfa-10763	129	4	logarithm	logarithm	NOUN
ajfa-10763	129	5	of	of	ADP
ajfa-10763	129	6	total	total	ADJ
ajfa-10763	129	7	assets	asset	NOUN
ajfa-10763	129	8	.	.	PUNCT
ajfa-10763	130	1	lev	lev	NOUN
ajfa-10763	130	2	=	=	PUNCT
ajfa-10763	130	3	the	the	DET
ajfa-10763	130	4	ratio	ratio	NOUN
ajfa-10763	130	5	of	of	ADP
ajfa-10763	130	6	total	total	ADJ
ajfa-10763	130	7	liability	liability	NOUN
ajfa-10763	130	8	to	to	ADP
ajfa-10763	130	9	total	total	ADJ
ajfa-10763	130	10	assets	asset	NOUN
ajfa-10763	130	11	.	.	PUNCT
ajfa-10763	131	1	roa	roa	PROPN
ajfa-10763	132	1	=	=	PRON
ajfa-10763	133	1	the	the	DET
ajfa-10763	133	2	net	net	ADJ
ajfa-10763	133	3	income	income	NOUN
ajfa-10763	133	4	divided	divide	VERB
ajfa-10763	133	5	by	by	ADP
ajfa-10763	133	6	the	the	DET
ajfa-10763	133	7	total	total	ADJ
ajfa-10763	133	8	assets	asset	NOUN
ajfa-10763	133	9	.	.	PUNCT
ajfa-10763	134	1	ocf	ocf	PROPN
ajfa-10763	134	2	=	=	PUNCT
ajfa-10763	135	1	the	the	DET
ajfa-10763	135	2	operating	operate	VERB
ajfa-10763	135	3	cash	cash	NOUN
ajfa-10763	135	4	flows	flow	NOUN
ajfa-10763	135	5	scaled	scale	VERB
ajfa-10763	135	6	by	by	ADP
ajfa-10763	135	7	the	the	DET
ajfa-10763	135	8	total	total	ADJ
ajfa-10763	135	9	assets	asset	NOUN
ajfa-10763	135	10	.	.	PUNCT
ajfa-10763	136	1	afll	afll	ADV
ajfa-10763	137	1	=	=	PUNCT
ajfa-10763	138	1	the	the	DET
ajfa-10763	138	2	allowance	allowance	NOUN
ajfa-10763	138	3	for	for	ADP
ajfa-10763	138	4	loan	loan	NOUN
ajfa-10763	138	5	loss	loss	NOUN
ajfa-10763	138	6	scaled	scale	VERB
ajfa-10763	138	7	by	by	ADP
ajfa-10763	138	8	the	the	DET
ajfa-10763	138	9	total	total	ADJ
ajfa-10763	138	10	assets	asset	NOUN
ajfa-10763	138	11	.	.	PUNCT
ajfa-10763	139	1	pfll	pfll	PROPN
ajfa-10763	139	2	=	=	PUNCT
ajfa-10763	140	1	the	the	DET
ajfa-10763	140	2	provision	provision	NOUN
ajfa-10763	140	3	for	for	ADP
ajfa-10763	140	4	loan	loan	NOUN
ajfa-10763	140	5	loss	loss	NOUN
ajfa-10763	140	6	scaled	scale	VERB
ajfa-10763	140	7	by	by	ADP
ajfa-10763	140	8	the	the	DET
ajfa-10763	140	9	net	net	ADJ
ajfa-10763	140	10	income	income	NOUN
ajfa-10763	140	11	.	.	PUNCT
ajfa-10763	141	1	the	the	DET
ajfa-10763	141	2	variable	variable	NOUN
ajfa-10763	141	3	of	of	ADP
ajfa-10763	141	4	interest	interest	NOUN
ajfa-10763	141	5	in	in	ADP
ajfa-10763	141	6	this	this	DET
ajfa-10763	141	7	hypothesis	hypothesis	NOUN
ajfa-10763	141	8	is	be	AUX
ajfa-10763	141	9	hi_over	hi_over	ADV
ajfa-10763	141	10	.	.	PUNCT
ajfa-10763	142	1	if	if	SCONJ
ajfa-10763	142	2	firms	firm	NOUN
ajfa-10763	142	3	with	with	ADP
ajfa-10763	142	4	higher	high	ADJ
ajfa-10763	142	5	ceo	ceo	NOUN
ajfa-10763	142	6	overconfidence	overconfidence	NOUN
ajfa-10763	142	7	is	be	AUX
ajfa-10763	142	8	more	more	ADV
ajfa-10763	142	9	likely	likely	ADJ
ajfa-10763	142	10	to	to	PART
ajfa-10763	142	11	use	use	VERB
ajfa-10763	142	12	more	more	ADJ
ajfa-10763	142	13	level	level	NOUN
ajfa-10763	142	14	3	3	NUM
ajfa-10763	142	15	fair	fair	ADJ
ajfa-10763	142	16	values	value	NOUN
ajfa-10763	142	17	,	,	PUNCT
ajfa-10763	142	18	the	the	DET
ajfa-10763	142	19	coefficient	coefficient	NOUN
ajfa-10763	142	20	on	on	ADP
ajfa-10763	142	21	α1	α1	PROPN
ajfa-10763	142	22	will	will	AUX
ajfa-10763	142	23	be	be	AUX
ajfa-10763	142	24	significantly	significantly	ADV
ajfa-10763	142	25	positive	positive	ADJ
ajfa-10763	142	26	.	.	PUNCT
ajfa-10763	143	1	3.1.2	3.1.2	NUM
ajfa-10763	143	2	test	test	NOUN
ajfa-10763	143	3	of	of	ADP
ajfa-10763	143	4	hypothesis	hypothesis	NOUN
ajfa-10763	143	5	2	2	NUM
ajfa-10763	143	6	in	in	ADP
ajfa-10763	143	7	hypothesis	hypothesis	NOUN
ajfa-10763	143	8	2	2	NUM
ajfa-10763	143	9	,	,	PUNCT
ajfa-10763	143	10	it	it	PRON
ajfa-10763	143	11	is	be	AUX
ajfa-10763	143	12	expected	expect	VERB
ajfa-10763	143	13	that	that	SCONJ
ajfa-10763	143	14	ceo	ceo	NOUN
ajfa-10763	143	15	overconfidence	overconfidence	NOUN
ajfa-10763	143	16	is	be	AUX
ajfa-10763	143	17	positively	positively	ADV
ajfa-10763	143	18	associated	associate	VERB
ajfa-10763	143	19	with	with	ADP
ajfa-10763	143	20	gains	gain	NOUN
ajfa-10763	143	21	from	from	ADP
ajfa-10763	143	22	level	level	NOUN
ajfa-10763	143	23	3	3	NUM
ajfa-10763	143	24	fair	fair	ADJ
ajfa-10763	143	25	values	value	NOUN
ajfa-10763	143	26	.	.	PUNCT
ajfa-10763	144	1	following	follow	VERB
ajfa-10763	144	2	chong	chong	PROPN
ajfa-10763	144	3	et	et	PROPN
ajfa-10763	144	4	al	al	PROPN
ajfa-10763	144	5	.	.	PROPN
ajfa-10763	145	1	(	(	PUNCT
ajfa-10763	145	2	2012	2012	NUM
ajfa-10763	145	3	)	)	PUNCT
ajfa-10763	145	4	,	,	PUNCT
ajfa-10763	145	5	the	the	DET
ajfa-10763	145	6	basic	basic	ADJ
ajfa-10763	145	7	equation	equation	NOUN
ajfa-10763	145	8	is	be	AUX
ajfa-10763	145	9	developed	develop	VERB
ajfa-10763	145	10	as	as	SCONJ
ajfa-10763	145	11	follows	follow	VERB
ajfa-10763	145	12	:	:	PUNCT
ajfa-10763	145	13	asian	asian	ADJ
ajfa-10763	145	14	journal	journal	NOUN
ajfa-10763	145	15	of	of	ADP
ajfa-10763	145	16	finance	finance	PROPN
ajfa-10763	145	17	&	&	CCONJ
ajfa-10763	145	18	accounting	accounting	PROPN
ajfa-10763	145	19	issn	issn	PROPN
ajfa-10763	145	20	1946	1946	NUM
ajfa-10763	145	21	-	-	PUNCT
ajfa-10763	145	22	052x	052x	PROPN
ajfa-10763	145	23	2017	2017	NUM
ajfa-10763	145	24	,	,	PUNCT
ajfa-10763	145	25	vol	vol	NOUN
ajfa-10763	145	26	.	.	NOUN
ajfa-10763	146	1	9	9	NUM
ajfa-10763	146	2	,	,	PUNCT
ajfa-10763	146	3	no	no	INTJ
ajfa-10763	146	4	.	.	NOUN
ajfa-10763	146	5	1	1	NUM
ajfa-10763	146	6	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10763	146	7	142	142	NUM
ajfa-10763	146	8	i	i	PROPN
ajfa-10763	146	9	,	,	PUNCT
ajfa-10763	146	10	t	t	PROPN
ajfa-10763	146	11	0	0	NUM
ajfa-10763	146	12	1	1	NUM
ajfa-10763	146	13	,	,	PUNCT
ajfa-10763	146	14	2	2	NUM
ajfa-10763	146	15	,	,	PUNCT
ajfa-10763	146	16	3	3	NUM
ajfa-10763	146	17	,	,	PUNCT
ajfa-10763	146	18	4	4	NUM
ajfa-10763	146	19	,	,	PUNCT
ajfa-10763	146	20	5	5	NUM
ajfa-10763	146	21	,	,	PUNCT
ajfa-10763	146	22	6	6	NUM
ajfa-10763	146	23	,	,	PUNCT
ajfa-10763	146	24	7	7	NUM
ajfa-10763	146	25	,	,	PUNCT
ajfa-10763	146	26	8	8	NUM
ajfa-10763	146	27	,	,	PUNCT
ajfa-10763	146	28	level3_gain	level3_gain	PROPN
ajfa-10763	146	29	_	_	PUNCT
ajfa-10763	147	1	_	_	PUNCT
ajfa-10763	148	1	+	+	PUNCT
ajfa-10763	148	2	(	(	PUNCT
ajfa-10763	148	3	2	2	X
ajfa-10763	148	4	)	)	PUNCT
ajfa-10763	148	5	i	i	PRON
ajfa-10763	148	6	t	t	VERB
ajfa-10763	149	1	i	i	PRON
ajfa-10763	149	2	t	t	X
ajfa-10763	150	1	i	i	PRON
ajfa-10763	150	2	t	t	X
ajfa-10763	151	1	i	i	PRON
ajfa-10763	151	2	t	t	X
ajfa-10763	152	1	i	i	PRON
ajfa-10763	152	2	t	t	X
ajfa-10763	153	1	i	i	PRON
ajfa-10763	153	2	t	t	X
ajfa-10763	154	1	i	i	PRON
ajfa-10763	154	2	t	t	X
ajfa-10763	155	1	i	i	PRON
ajfa-10763	155	2	t	t	X
ajfa-10763	155	3	hi	hi	INTJ
ajfa-10763	155	4	over	over	ADP
ajfa-10763	155	5	hi	hi	INTJ
ajfa-10763	155	6	gindex	gindex	NOUN
ajfa-10763	155	7	size	size	NOUN
ajfa-10763	155	8	lev	lev	PROPN
ajfa-10763	155	9	roa	roa	PROPN
ajfa-10763	155	10	ocf	ocf	PROPN
ajfa-10763	155	11	afll	afll	PROPN
ajfa-10763	155	12	pfll	pfll	PROPN
ajfa-10763	155	13	β	β	X
ajfa-10763	155	14	β	β	X
ajfa-10763	155	15	β	β	X
ajfa-10763	155	16	β	β	X
ajfa-10763	155	17	β	β	X
ajfa-10763	155	18	β	β	X
ajfa-10763	155	19	β	β	X
ajfa-10763	155	20	β	β	X
ajfa-10763	155	21	β	β	X
ajfa-10763	155	22	ε	ε	X
ajfa-10763	155	23	=	=	PUNCT
ajfa-10763	156	1	+	+	PUNCT
ajfa-10763	157	1	+	+	PUNCT
ajfa-10763	157	2	+	+	PUNCT
ajfa-10763	157	3	+	+	PUNCT
ajfa-10763	157	4	+	+	PUNCT
ajfa-10763	157	5	+	+	PUNCT
ajfa-10763	157	6	+	+	X
ajfa-10763	157	7	+	+	CCONJ
ajfa-10763	157	8	where	where	SCONJ
ajfa-10763	157	9	,	,	PUNCT
ajfa-10763	157	10	level3_gain	level3_gain	PROPN
ajfa-10763	157	11	=	=	PUNCT
ajfa-10763	158	1	the	the	DET
ajfa-10763	158	2	gains	gain	NOUN
ajfa-10763	158	3	from	from	ADP
ajfa-10763	158	4	level	level	NOUN
ajfa-10763	158	5	3	3	NUM
ajfa-10763	158	6	fair	fair	ADJ
ajfa-10763	158	7	assets	asset	NOUN
ajfa-10763	158	8	scaled	scale	VERB
ajfa-10763	158	9	by	by	ADP
ajfa-10763	158	10	the	the	DET
ajfa-10763	158	11	net	net	ADJ
ajfa-10763	158	12	assets	asset	NOUN
ajfa-10763	158	13	at	at	ADP
ajfa-10763	158	14	fair	fair	ADJ
ajfa-10763	158	15	value	value	NOUN
ajfa-10763	158	16	.	.	PUNCT
ajfa-10763	159	1	hi_over	hi_over	ADV
ajfa-10763	159	2	=	=	PRON
ajfa-10763	159	3	the	the	DET
ajfa-10763	159	4	variable	variable	NOUN
ajfa-10763	159	5	equals	equal	VERB
ajfa-10763	159	6	one	one	NUM
ajfa-10763	159	7	if	if	SCONJ
ajfa-10763	159	8	the	the	DET
ajfa-10763	159	9	ceo	ceo	NOUN
ajfa-10763	159	10	overconfidence	overconfidence	NOUN
ajfa-10763	159	11	score	score	NOUN
ajfa-10763	159	12	of	of	ADP
ajfa-10763	159	13	the	the	DET
ajfa-10763	159	14	firm	firm	NOUN
ajfa-10763	159	15	is	be	AUX
ajfa-10763	159	16	above	above	ADP
ajfa-10763	159	17	the	the	DET
ajfa-10763	159	18	median	median	ADJ
ajfa-10763	159	19	score	score	NOUN
ajfa-10763	159	20	for	for	ADP
ajfa-10763	159	21	the	the	DET
ajfa-10763	159	22	sample	sample	NOUN
ajfa-10763	159	23	,	,	PUNCT
ajfa-10763	159	24	and	and	CCONJ
ajfa-10763	159	25	zero	zero	NUM
ajfa-10763	159	26	otherwise	otherwise	ADV
ajfa-10763	159	27	.	.	PUNCT
ajfa-10763	160	1	hi_gindex	hi_gindex	NOUN
ajfa-10763	160	2	=	=	NOUN
ajfa-10763	161	1	the	the	DET
ajfa-10763	161	2	variable	variable	NOUN
ajfa-10763	161	3	equals	equal	VERB
ajfa-10763	161	4	one	one	NUM
ajfa-10763	161	5	if	if	SCONJ
ajfa-10763	161	6	the	the	DET
ajfa-10763	161	7	corporate	corporate	ADJ
ajfa-10763	161	8	governance	governance	NOUN
ajfa-10763	161	9	score	score	NOUN
ajfa-10763	161	10	of	of	ADP
ajfa-10763	161	11	the	the	DET
ajfa-10763	161	12	firm	firm	NOUN
ajfa-10763	161	13	is	be	AUX
ajfa-10763	161	14	above	above	ADP
ajfa-10763	161	15	the	the	DET
ajfa-10763	161	16	median	median	ADJ
ajfa-10763	161	17	score	score	NOUN
ajfa-10763	161	18	for	for	ADP
ajfa-10763	161	19	the	the	DET
ajfa-10763	161	20	sample	sample	NOUN
ajfa-10763	161	21	,	,	PUNCT
ajfa-10763	161	22	and	and	CCONJ
ajfa-10763	161	23	zero	zero	NUM
ajfa-10763	161	24	otherwise	otherwise	ADV
ajfa-10763	161	25	.	.	PUNCT
ajfa-10763	162	1	size	size	NOUN
ajfa-10763	162	2	=	=	PUNCT
ajfa-10763	162	3	the	the	DET
ajfa-10763	162	4	logarithm	logarithm	NOUN
ajfa-10763	162	5	of	of	ADP
ajfa-10763	162	6	total	total	ADJ
ajfa-10763	162	7	assets	asset	NOUN
ajfa-10763	162	8	.	.	PUNCT
ajfa-10763	163	1	lev	lev	NOUN
ajfa-10763	163	2	=	=	PUNCT
ajfa-10763	163	3	the	the	DET
ajfa-10763	163	4	ratio	ratio	NOUN
ajfa-10763	163	5	of	of	ADP
ajfa-10763	163	6	total	total	ADJ
ajfa-10763	163	7	liability	liability	NOUN
ajfa-10763	163	8	to	to	ADP
ajfa-10763	163	9	total	total	ADJ
ajfa-10763	163	10	assets	asset	NOUN
ajfa-10763	163	11	.	.	PUNCT
ajfa-10763	164	1	roa	roa	PROPN
ajfa-10763	165	1	=	=	PRON
ajfa-10763	166	1	the	the	DET
ajfa-10763	166	2	net	net	ADJ
ajfa-10763	166	3	income	income	NOUN
ajfa-10763	166	4	divided	divide	VERB
ajfa-10763	166	5	by	by	ADP
ajfa-10763	166	6	the	the	DET
ajfa-10763	166	7	total	total	ADJ
ajfa-10763	166	8	assets	asset	NOUN
ajfa-10763	166	9	.	.	PUNCT
ajfa-10763	167	1	ocf	ocf	PROPN
ajfa-10763	167	2	=	=	PUNCT
ajfa-10763	168	1	the	the	DET
ajfa-10763	168	2	operating	operate	VERB
ajfa-10763	168	3	cash	cash	NOUN
ajfa-10763	168	4	flows	flow	NOUN
ajfa-10763	168	5	scaled	scale	VERB
ajfa-10763	168	6	by	by	ADP
ajfa-10763	168	7	the	the	DET
ajfa-10763	168	8	total	total	ADJ
ajfa-10763	168	9	assets	asset	NOUN
ajfa-10763	168	10	.	.	PUNCT
ajfa-10763	169	1	afll	afll	ADV
ajfa-10763	170	1	=	=	PUNCT
ajfa-10763	171	1	the	the	DET
ajfa-10763	171	2	allowance	allowance	NOUN
ajfa-10763	171	3	for	for	ADP
ajfa-10763	171	4	loan	loan	NOUN
ajfa-10763	171	5	loss	loss	NOUN
ajfa-10763	171	6	scaled	scale	VERB
ajfa-10763	171	7	by	by	ADP
ajfa-10763	171	8	the	the	DET
ajfa-10763	171	9	total	total	ADJ
ajfa-10763	171	10	assets	asset	NOUN
ajfa-10763	171	11	.	.	PUNCT
ajfa-10763	172	1	pfll	pfll	PROPN
ajfa-10763	172	2	=	=	PUNCT
ajfa-10763	173	1	the	the	DET
ajfa-10763	173	2	provision	provision	NOUN
ajfa-10763	173	3	for	for	ADP
ajfa-10763	173	4	loan	loan	NOUN
ajfa-10763	173	5	loss	loss	NOUN
ajfa-10763	173	6	scaled	scale	VERB
ajfa-10763	173	7	by	by	ADP
ajfa-10763	173	8	the	the	DET
ajfa-10763	173	9	net	net	ADJ
ajfa-10763	173	10	income	income	NOUN
ajfa-10763	173	11	.	.	PUNCT
ajfa-10763	174	1	the	the	DET
ajfa-10763	174	2	variable	variable	NOUN
ajfa-10763	174	3	of	of	ADP
ajfa-10763	174	4	interest	interest	NOUN
ajfa-10763	174	5	in	in	ADP
ajfa-10763	174	6	this	this	DET
ajfa-10763	174	7	hypothesis	hypothesis	NOUN
ajfa-10763	174	8	is	be	AUX
ajfa-10763	174	9	hi_over	hi_over	ADV
ajfa-10763	174	10	.	.	PUNCT
ajfa-10763	175	1	if	if	SCONJ
ajfa-10763	175	2	firms	firm	NOUN
ajfa-10763	175	3	with	with	ADP
ajfa-10763	175	4	higher	high	ADJ
ajfa-10763	175	5	ceo	ceo	NOUN
ajfa-10763	175	6	overconfidence	overconfidence	NOUN
ajfa-10763	175	7	is	be	AUX
ajfa-10763	175	8	more	more	ADV
ajfa-10763	175	9	likely	likely	ADJ
ajfa-10763	175	10	to	to	PART
ajfa-10763	175	11	report	report	VERB
ajfa-10763	175	12	more	more	ADJ
ajfa-10763	175	13	gains	gain	NOUN
ajfa-10763	175	14	from	from	ADP
ajfa-10763	175	15	level	level	NOUN
ajfa-10763	175	16	3	3	NUM
ajfa-10763	175	17	fair	fair	ADJ
ajfa-10763	175	18	values	value	NOUN
ajfa-10763	175	19	,	,	PUNCT
ajfa-10763	175	20	the	the	DET
ajfa-10763	175	21	coefficient	coefficient	NOUN
ajfa-10763	175	22	on	on	ADP
ajfa-10763	175	23	β1	β1	PROPN
ajfa-10763	175	24	will	will	AUX
ajfa-10763	175	25	be	be	AUX
ajfa-10763	175	26	significantly	significantly	ADV
ajfa-10763	175	27	positive	positive	ADJ
ajfa-10763	175	28	.	.	PUNCT
ajfa-10763	176	1	3.1.2	3.1.2	NUM
ajfa-10763	176	2	test	test	NOUN
ajfa-10763	176	3	of	of	ADP
ajfa-10763	176	4	hypothesis	hypothesis	NOUN
ajfa-10763	176	5	3	3	NUM
ajfa-10763	176	6	in	in	ADP
ajfa-10763	176	7	hypothesis	hypothesis	NOUN
ajfa-10763	176	8	3	3	NUM
ajfa-10763	176	9	,	,	PUNCT
ajfa-10763	176	10	it	it	PRON
ajfa-10763	176	11	is	be	AUX
ajfa-10763	176	12	expected	expect	VERB
ajfa-10763	176	13	that	that	SCONJ
ajfa-10763	176	14	the	the	DET
ajfa-10763	176	15	positive	positive	ADJ
ajfa-10763	176	16	relationship	relationship	NOUN
ajfa-10763	176	17	between	between	ADP
ajfa-10763	176	18	high	high	ADJ
ajfa-10763	176	19	ceo	ceo	NOUN
ajfa-10763	176	20	overconfidence	overconfidence	NOUN
ajfa-10763	176	21	and	and	CCONJ
ajfa-10763	176	22	level	level	NOUN
ajfa-10763	176	23	3	3	NUM
ajfa-10763	176	24	fair	fair	ADJ
ajfa-10763	176	25	values	value	NOUN
ajfa-10763	176	26	is	be	AUX
ajfa-10763	176	27	weaker	weak	ADJ
ajfa-10763	176	28	for	for	ADP
ajfa-10763	176	29	firms	firm	NOUN
ajfa-10763	176	30	with	with	ADP
ajfa-10763	176	31	stronger	strong	ADJ
ajfa-10763	176	32	corporate	corporate	ADJ
ajfa-10763	176	33	governance	governance	NOUN
ajfa-10763	176	34	.	.	PUNCT
ajfa-10763	177	1	modifying	modify	VERB
ajfa-10763	177	2	equation	equation	NOUN
ajfa-10763	177	3	(	(	PUNCT
ajfa-10763	177	4	1	1	NUM
ajfa-10763	177	5	)	)	PUNCT
ajfa-10763	177	6	,	,	PUNCT
ajfa-10763	177	7	equation	equation	NOUN
ajfa-10763	177	8	(	(	PUNCT
ajfa-10763	177	9	2	2	X
ajfa-10763	177	10	)	)	PUNCT
ajfa-10763	177	11	is	be	AUX
ajfa-10763	177	12	as	as	SCONJ
ajfa-10763	177	13	follows	follow	VERB
ajfa-10763	177	14	:	:	PUNCT
ajfa-10763	178	1	i	i	PRON
ajfa-10763	178	2	,	,	PUNCT
ajfa-10763	178	3	t	t	PROPN
ajfa-10763	178	4	0	0	NUM
ajfa-10763	178	5	1	1	NUM
ajfa-10763	178	6	,	,	PUNCT
ajfa-10763	178	7	2	2	NUM
ajfa-10763	178	8	,	,	PUNCT
ajfa-10763	178	9	3	3	NUM
ajfa-10763	178	10	,	,	PUNCT
ajfa-10763	178	11	,	,	PUNCT
ajfa-10763	178	12	4	4	NUM
ajfa-10763	178	13	,	,	PUNCT
ajfa-10763	178	14	5	5	NUM
ajfa-10763	178	15	,	,	PUNCT
ajfa-10763	178	16	6	6	NUM
ajfa-10763	178	17	,	,	PUNCT
ajfa-10763	178	18	7	7	NUM
ajfa-10763	178	19	,	,	PUNCT
ajfa-10763	178	20	8	8	NUM
ajfa-10763	178	21	,	,	PUNCT
ajfa-10763	178	22	9	9	NUM
ajfa-10763	178	23	,	,	PUNCT
ajfa-10763	178	24	level3	level3	PROPN
ajfa-10763	178	25	_	_	PUNCT
ajfa-10763	179	1	_	_	PUNCT
ajfa-10763	180	1	_	_	PUNCT
ajfa-10763	181	1	_	_	PUNCT
ajfa-10763	182	1	+	+	PUNCT
ajfa-10763	182	2	(	(	PUNCT
ajfa-10763	182	3	3	3	X
ajfa-10763	182	4	)	)	PUNCT
ajfa-10763	182	5	i	i	PRON
ajfa-10763	182	6	t	t	VERB
ajfa-10763	183	1	i	i	PRON
ajfa-10763	183	2	t	t	X
ajfa-10763	184	1	i	i	PRON
ajfa-10763	184	2	t	t	X
ajfa-10763	185	1	i	i	PRON
ajfa-10763	185	2	t	t	X
ajfa-10763	186	1	i	i	PRON
ajfa-10763	186	2	t	t	X
ajfa-10763	187	1	i	i	PRON
ajfa-10763	187	2	t	t	X
ajfa-10763	188	1	i	i	PRON
ajfa-10763	188	2	t	t	X
ajfa-10763	189	1	i	i	PRON
ajfa-10763	189	2	t	t	X
ajfa-10763	190	1	i	i	PRON
ajfa-10763	190	2	t	t	X
ajfa-10763	191	1	i	i	PRON
ajfa-10763	191	2	t	t	X
ajfa-10763	191	3	hi	hi	INTJ
ajfa-10763	191	4	over	over	ADP
ajfa-10763	191	5	hi	hi	INTJ
ajfa-10763	192	1	gindex	gindex	NOUN
ajfa-10763	192	2	hi	hi	INTJ
ajfa-10763	192	3	gindex	gindex	PROPN
ajfa-10763	192	4	hi	hi	INTJ
ajfa-10763	192	5	over	over	ADP
ajfa-10763	192	6	lgta	lgta	PROPN
ajfa-10763	192	7	lev	lev	PROPN
ajfa-10763	192	8	roa	roa	PROPN
ajfa-10763	192	9	ocf	ocf	PROPN
ajfa-10763	192	10	afll	afll	PROPN
ajfa-10763	192	11	pfll	pfll	PROPN
ajfa-10763	192	12	γ	γ	PROPN
ajfa-10763	192	13	γ	γ	PROPN
ajfa-10763	192	14	γ	γ	PROPN
ajfa-10763	192	15	γ	γ	PROPN
ajfa-10763	192	16	γ	γ	PROPN
ajfa-10763	192	17	γ	γ	PROPN
ajfa-10763	192	18	γ	γ	PROPN
ajfa-10763	192	19	γ	γ	X
ajfa-10763	192	20	γ	γ	X
ajfa-10763	192	21	γ	γ	X
ajfa-10763	192	22	ε	ε	PROPN
ajfa-10763	192	23	=	=	PUNCT
ajfa-10763	193	1	+	+	PUNCT
ajfa-10763	194	1	+	+	CCONJ
ajfa-10763	194	2	+	+	NUM
ajfa-10763	194	3	×	×	NOUN
ajfa-10763	194	4	+	+	X
ajfa-10763	194	5	+	+	PUNCT
ajfa-10763	194	6	+	+	PUNCT
ajfa-10763	194	7	+	+	PUNCT
ajfa-10763	195	1	+	+	X
ajfa-10763	195	2	+	+	CCONJ
ajfa-10763	195	3	where	where	SCONJ
ajfa-10763	195	4	,	,	PUNCT
ajfa-10763	195	5	level3	level3	PROPN
ajfa-10763	195	6	=	=	PUNCT
ajfa-10763	196	1	the	the	DET
ajfa-10763	196	2	net	net	ADJ
ajfa-10763	196	3	assets	asset	NOUN
ajfa-10763	196	4	at	at	ADP
ajfa-10763	196	5	level	level	NOUN
ajfa-10763	196	6	3	3	NUM
ajfa-10763	196	7	input	input	NOUN
ajfa-10763	196	8	divided	divide	VERB
ajfa-10763	196	9	by	by	ADP
ajfa-10763	196	10	the	the	DET
ajfa-10763	196	11	net	net	ADJ
ajfa-10763	196	12	assets	asset	NOUN
ajfa-10763	196	13	at	at	ADP
ajfa-10763	196	14	fair	fair	ADJ
ajfa-10763	196	15	value	value	NOUN
ajfa-10763	196	16	.	.	PUNCT
ajfa-10763	197	1	hi_over	hi_over	ADV
ajfa-10763	197	2	=	=	PRON
ajfa-10763	197	3	the	the	DET
ajfa-10763	197	4	variable	variable	NOUN
ajfa-10763	197	5	equals	equal	VERB
ajfa-10763	197	6	one	one	NUM
ajfa-10763	197	7	if	if	SCONJ
ajfa-10763	197	8	the	the	DET
ajfa-10763	197	9	ceo	ceo	NOUN
ajfa-10763	197	10	overconfidence	overconfidence	NOUN
ajfa-10763	197	11	score	score	NOUN
ajfa-10763	197	12	of	of	ADP
ajfa-10763	197	13	the	the	DET
ajfa-10763	197	14	firm	firm	NOUN
ajfa-10763	197	15	is	be	AUX
ajfa-10763	197	16	above	above	ADP
ajfa-10763	197	17	the	the	DET
ajfa-10763	197	18	median	median	ADJ
ajfa-10763	197	19	score	score	NOUN
ajfa-10763	197	20	for	for	ADP
ajfa-10763	197	21	the	the	DET
ajfa-10763	197	22	sample	sample	NOUN
ajfa-10763	197	23	,	,	PUNCT
ajfa-10763	197	24	and	and	CCONJ
ajfa-10763	197	25	zero	zero	NUM
ajfa-10763	197	26	otherwise	otherwise	ADV
ajfa-10763	197	27	.	.	PUNCT
ajfa-10763	198	1	hi_gindex	hi_gindex	NOUN
ajfa-10763	198	2	=	=	NOUN
ajfa-10763	199	1	the	the	DET
ajfa-10763	199	2	variable	variable	NOUN
ajfa-10763	199	3	equals	equal	VERB
ajfa-10763	199	4	one	one	NUM
ajfa-10763	199	5	if	if	SCONJ
ajfa-10763	199	6	the	the	DET
ajfa-10763	199	7	corporate	corporate	ADJ
ajfa-10763	199	8	governance	governance	NOUN
ajfa-10763	199	9	score	score	NOUN
ajfa-10763	199	10	of	of	ADP
ajfa-10763	199	11	the	the	DET
ajfa-10763	199	12	firm	firm	NOUN
ajfa-10763	199	13	is	be	AUX
ajfa-10763	199	14	above	above	ADP
ajfa-10763	199	15	the	the	DET
ajfa-10763	199	16	median	median	ADJ
ajfa-10763	199	17	score	score	NOUN
ajfa-10763	199	18	for	for	ADP
ajfa-10763	199	19	the	the	DET
ajfa-10763	199	20	sample	sample	NOUN
ajfa-10763	199	21	,	,	PUNCT
ajfa-10763	199	22	and	and	CCONJ
ajfa-10763	199	23	zero	zero	NUM
ajfa-10763	199	24	otherwise	otherwise	ADV
ajfa-10763	199	25	.	.	PUNCT
ajfa-10763	200	1	lgta	lgta	PROPN
ajfa-10763	201	1	=	=	PUNCT
ajfa-10763	202	1	the	the	DET
ajfa-10763	202	2	logarithm	logarithm	NOUN
ajfa-10763	202	3	of	of	ADP
ajfa-10763	202	4	total	total	ADJ
ajfa-10763	202	5	assets	asset	NOUN
ajfa-10763	202	6	.	.	PUNCT
ajfa-10763	203	1	lev	lev	NOUN
ajfa-10763	203	2	=	=	PUNCT
ajfa-10763	203	3	the	the	DET
ajfa-10763	203	4	ratio	ratio	NOUN
ajfa-10763	203	5	of	of	ADP
ajfa-10763	203	6	total	total	ADJ
ajfa-10763	203	7	liability	liability	NOUN
ajfa-10763	203	8	to	to	ADP
ajfa-10763	203	9	total	total	ADJ
ajfa-10763	203	10	assets	asset	NOUN
ajfa-10763	203	11	.	.	PUNCT
ajfa-10763	204	1	roa	roa	PROPN
ajfa-10763	205	1	=	=	PRON
ajfa-10763	206	1	the	the	DET
ajfa-10763	206	2	net	net	ADJ
ajfa-10763	206	3	income	income	NOUN
ajfa-10763	206	4	divided	divide	VERB
ajfa-10763	206	5	by	by	ADP
ajfa-10763	206	6	the	the	DET
ajfa-10763	206	7	total	total	ADJ
ajfa-10763	206	8	assets	asset	NOUN
ajfa-10763	206	9	.	.	PUNCT
ajfa-10763	207	1	ocf	ocf	PROPN
ajfa-10763	207	2	=	=	PUNCT
ajfa-10763	208	1	the	the	DET
ajfa-10763	208	2	operating	operate	VERB
ajfa-10763	208	3	cash	cash	NOUN
ajfa-10763	208	4	flows	flow	NOUN
ajfa-10763	208	5	scaled	scale	VERB
ajfa-10763	208	6	by	by	ADP
ajfa-10763	208	7	the	the	DET
ajfa-10763	208	8	total	total	ADJ
ajfa-10763	208	9	assets	asset	NOUN
ajfa-10763	208	10	.	.	PUNCT
ajfa-10763	209	1	afll	afll	ADV
ajfa-10763	210	1	=	=	PUNCT
ajfa-10763	211	1	the	the	DET
ajfa-10763	211	2	allowance	allowance	NOUN
ajfa-10763	211	3	for	for	ADP
ajfa-10763	211	4	loan	loan	NOUN
ajfa-10763	211	5	loss	loss	NOUN
ajfa-10763	211	6	scaled	scale	VERB
ajfa-10763	211	7	by	by	ADP
ajfa-10763	211	8	the	the	DET
ajfa-10763	211	9	total	total	ADJ
ajfa-10763	211	10	assets	asset	NOUN
ajfa-10763	211	11	.	.	PUNCT
ajfa-10763	212	1	pfll	pfll	PROPN
ajfa-10763	212	2	=	=	PUNCT
ajfa-10763	213	1	the	the	DET
ajfa-10763	213	2	provision	provision	NOUN
ajfa-10763	213	3	for	for	ADP
ajfa-10763	213	4	loan	loan	NOUN
ajfa-10763	213	5	loss	loss	NOUN
ajfa-10763	213	6	scaled	scale	VERB
ajfa-10763	213	7	by	by	ADP
ajfa-10763	213	8	the	the	DET
ajfa-10763	213	9	net	net	ADJ
ajfa-10763	213	10	income	income	NOUN
ajfa-10763	213	11	.	.	PUNCT
ajfa-10763	214	1	asian	asian	ADJ
ajfa-10763	214	2	journal	journal	PROPN
ajfa-10763	214	3	of	of	ADP
ajfa-10763	214	4	finance	finance	PROPN
ajfa-10763	214	5	&	&	CCONJ
ajfa-10763	214	6	accounting	accounting	PROPN
ajfa-10763	214	7	issn	issn	PROPN
ajfa-10763	214	8	1946	1946	NUM
ajfa-10763	214	9	-	-	PUNCT
ajfa-10763	214	10	052x	052x	PROPN
ajfa-10763	214	11	2017	2017	NUM
ajfa-10763	214	12	,	,	PUNCT
ajfa-10763	214	13	vol	vol	NOUN
ajfa-10763	214	14	.	.	NOUN
ajfa-10763	214	15	9	9	NUM
ajfa-10763	214	16	,	,	PUNCT
ajfa-10763	214	17	no	no	INTJ
ajfa-10763	214	18	.	.	NOUN
ajfa-10763	214	19	1	1	NUM
ajfa-10763	214	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	214	21	143	143	NUM
ajfa-10763	214	22	the	the	DET
ajfa-10763	214	23	variable	variable	NOUN
ajfa-10763	214	24	of	of	ADP
ajfa-10763	214	25	interest	interest	NOUN
ajfa-10763	214	26	in	in	ADP
ajfa-10763	214	27	this	this	DET
ajfa-10763	214	28	hypothesis	hypothesis	NOUN
ajfa-10763	214	29	is	be	AUX
ajfa-10763	214	30	_	_	NOUN
ajfa-10763	215	1	_	_	PUNCT
ajfa-10763	215	2	hi	hi	INTJ
ajfa-10763	216	1	gindex	gindex	NOUN
ajfa-10763	216	2	hi	hi	INTJ
ajfa-10763	216	3	over×	over×	PROPN
ajfa-10763	216	4	.	.	PUNCT
ajfa-10763	217	1	if	if	SCONJ
ajfa-10763	217	2	strong	strong	ADJ
ajfa-10763	217	3	corporate	corporate	ADJ
ajfa-10763	217	4	governance	governance	NOUN
ajfa-10763	217	5	causes	cause	VERB
ajfa-10763	217	6	overconfident	overconfident	ADJ
ajfa-10763	217	7	ceo	ceo	NOUN
ajfa-10763	217	8	to	to	PART
ajfa-10763	217	9	use	use	VERB
ajfa-10763	217	10	less	less	ADJ
ajfa-10763	217	11	level	level	NOUN
ajfa-10763	217	12	3	3	NUM
ajfa-10763	217	13	fair	fair	ADJ
ajfa-10763	217	14	values	value	NOUN
ajfa-10763	217	15	,	,	PUNCT
ajfa-10763	217	16	the	the	DET
ajfa-10763	217	17	coefficient	coefficient	NOUN
ajfa-10763	217	18	on	on	ADP
ajfa-10763	217	19	γ3	γ3	NOUN
ajfa-10763	217	20	will	will	AUX
ajfa-10763	217	21	be	be	AUX
ajfa-10763	217	22	significantly	significantly	ADV
ajfa-10763	217	23	negative	negative	ADJ
ajfa-10763	217	24	.	.	PUNCT
ajfa-10763	218	1	3.1.2	3.1.2	NUM
ajfa-10763	218	2	test	test	NOUN
ajfa-10763	218	3	of	of	ADP
ajfa-10763	218	4	hypothesis	hypothesis	NOUN
ajfa-10763	218	5	4	4	NUM
ajfa-10763	218	6	in	in	ADP
ajfa-10763	218	7	hypothesis	hypothesis	NOUN
ajfa-10763	218	8	4	4	NUM
ajfa-10763	218	9	,	,	PUNCT
ajfa-10763	218	10	it	it	PRON
ajfa-10763	218	11	is	be	AUX
ajfa-10763	218	12	expected	expect	VERB
ajfa-10763	218	13	that	that	SCONJ
ajfa-10763	218	14	the	the	DET
ajfa-10763	218	15	positive	positive	ADJ
ajfa-10763	218	16	relationship	relationship	NOUN
ajfa-10763	218	17	between	between	ADP
ajfa-10763	218	18	ceo	ceo	NOUN
ajfa-10763	218	19	overconfidence	overconfidence	NOUN
ajfa-10763	218	20	and	and	CCONJ
ajfa-10763	218	21	gains	gain	NOUN
ajfa-10763	218	22	from	from	ADP
ajfa-10763	218	23	level	level	NOUN
ajfa-10763	218	24	3	3	NUM
ajfa-10763	218	25	fair	fair	ADJ
ajfa-10763	218	26	values	value	NOUN
ajfa-10763	218	27	is	be	AUX
ajfa-10763	218	28	weaker	weak	ADJ
ajfa-10763	218	29	for	for	ADP
ajfa-10763	218	30	firms	firm	NOUN
ajfa-10763	218	31	with	with	ADP
ajfa-10763	218	32	stronger	strong	ADJ
ajfa-10763	218	33	corporate	corporate	ADJ
ajfa-10763	218	34	governance	governance	NOUN
ajfa-10763	218	35	.	.	PUNCT
ajfa-10763	219	1	modifying	modify	VERB
ajfa-10763	219	2	equation	equation	NOUN
ajfa-10763	219	3	(	(	PUNCT
ajfa-10763	219	4	2	2	NUM
ajfa-10763	219	5	)	)	PUNCT
ajfa-10763	219	6	,	,	PUNCT
ajfa-10763	219	7	equation	equation	NOUN
ajfa-10763	219	8	(	(	PUNCT
ajfa-10763	219	9	4	4	NUM
ajfa-10763	219	10	)	)	PUNCT
ajfa-10763	219	11	is	be	AUX
ajfa-10763	219	12	as	as	SCONJ
ajfa-10763	219	13	follows	follow	VERB
ajfa-10763	219	14	:	:	PUNCT
ajfa-10763	220	1	i	i	PRON
ajfa-10763	220	2	,	,	PUNCT
ajfa-10763	220	3	t	t	PROPN
ajfa-10763	220	4	0	0	NUM
ajfa-10763	220	5	1	1	NUM
ajfa-10763	220	6	,	,	PUNCT
ajfa-10763	220	7	2	2	NUM
ajfa-10763	220	8	,	,	PUNCT
ajfa-10763	220	9	3	3	NUM
ajfa-10763	220	10	,	,	PUNCT
ajfa-10763	220	11	,	,	PUNCT
ajfa-10763	220	12	4	4	NUM
ajfa-10763	220	13	,	,	PUNCT
ajfa-10763	220	14	5	5	NUM
ajfa-10763	220	15	,	,	PUNCT
ajfa-10763	220	16	6	6	NUM
ajfa-10763	220	17	,	,	PUNCT
ajfa-10763	220	18	7	7	NUM
ajfa-10763	220	19	,	,	PUNCT
ajfa-10763	220	20	8	8	NUM
ajfa-10763	220	21	,	,	PUNCT
ajfa-10763	220	22	9	9	NUM
ajfa-10763	220	23	,	,	PUNCT
ajfa-10763	220	24	level3_gain	level3_gain	PROPN
ajfa-10763	220	25	_	_	PUNCT
ajfa-10763	221	1	_	_	PUNCT
ajfa-10763	222	1	_	_	PUNCT
ajfa-10763	223	1	_	_	PUNCT
ajfa-10763	224	1	+	+	PUNCT
ajfa-10763	224	2	(	(	PUNCT
ajfa-10763	224	3	4	4	X
ajfa-10763	224	4	)	)	PUNCT
ajfa-10763	224	5	i	i	PRON
ajfa-10763	224	6	t	t	VERB
ajfa-10763	225	1	i	i	PRON
ajfa-10763	225	2	t	t	X
ajfa-10763	226	1	i	i	PRON
ajfa-10763	226	2	t	t	X
ajfa-10763	227	1	i	i	PRON
ajfa-10763	227	2	t	t	X
ajfa-10763	228	1	i	i	PRON
ajfa-10763	228	2	t	t	X
ajfa-10763	229	1	i	i	PRON
ajfa-10763	229	2	t	t	X
ajfa-10763	230	1	i	i	PRON
ajfa-10763	230	2	t	t	X
ajfa-10763	231	1	i	i	PRON
ajfa-10763	231	2	t	t	X
ajfa-10763	232	1	i	i	PRON
ajfa-10763	232	2	t	t	X
ajfa-10763	233	1	i	i	PRON
ajfa-10763	233	2	t	t	X
ajfa-10763	233	3	hi	hi	INTJ
ajfa-10763	233	4	over	over	ADP
ajfa-10763	233	5	hi	hi	INTJ
ajfa-10763	234	1	gindex	gindex	NOUN
ajfa-10763	234	2	hi	hi	INTJ
ajfa-10763	234	3	gindex	gindex	PROPN
ajfa-10763	234	4	hi	hi	INTJ
ajfa-10763	234	5	over	over	ADP
ajfa-10763	234	6	size	size	NOUN
ajfa-10763	234	7	lev	lev	PROPN
ajfa-10763	234	8	roa	roa	PROPN
ajfa-10763	234	9	ocf	ocf	PROPN
ajfa-10763	234	10	afll	afll	ADV
ajfa-10763	234	11	pfll	pfll	PROPN
ajfa-10763	235	1	λ	λ	PROPN
ajfa-10763	235	2	λ	λ	X
ajfa-10763	235	3	λ	λ	X
ajfa-10763	235	4	λ	λ	X
ajfa-10763	235	5	λ	λ	X
ajfa-10763	235	6	λ	λ	X
ajfa-10763	235	7	λ	λ	X
ajfa-10763	235	8	λ	λ	X
ajfa-10763	235	9	λ	λ	X
ajfa-10763	235	10	λ	λ	X
ajfa-10763	235	11	ε	ε	X
ajfa-10763	235	12	=	=	PUNCT
ajfa-10763	236	1	+	+	PUNCT
ajfa-10763	237	1	+	+	CCONJ
ajfa-10763	237	2	+	+	NUM
ajfa-10763	237	3	×	×	NOUN
ajfa-10763	237	4	+	+	X
ajfa-10763	237	5	+	+	PUNCT
ajfa-10763	237	6	+	+	PUNCT
ajfa-10763	237	7	+	+	PUNCT
ajfa-10763	238	1	+	+	X
ajfa-10763	238	2	+	+	CCONJ
ajfa-10763	238	3	where	where	SCONJ
ajfa-10763	238	4	,	,	PUNCT
ajfa-10763	238	5	level3_gain	level3_gain	PROPN
ajfa-10763	238	6	=	=	PUNCT
ajfa-10763	239	1	the	the	DET
ajfa-10763	239	2	gains	gain	NOUN
ajfa-10763	239	3	from	from	ADP
ajfa-10763	239	4	level	level	NOUN
ajfa-10763	239	5	3	3	NUM
ajfa-10763	239	6	fair	fair	ADJ
ajfa-10763	239	7	assets	asset	NOUN
ajfa-10763	239	8	scaled	scale	VERB
ajfa-10763	239	9	by	by	ADP
ajfa-10763	239	10	the	the	DET
ajfa-10763	239	11	net	net	ADJ
ajfa-10763	239	12	assets	asset	NOUN
ajfa-10763	239	13	at	at	ADP
ajfa-10763	239	14	fair	fair	ADJ
ajfa-10763	239	15	value	value	NOUN
ajfa-10763	239	16	.	.	PUNCT
ajfa-10763	240	1	hi_over	hi_over	ADV
ajfa-10763	240	2	=	=	PRON
ajfa-10763	240	3	the	the	DET
ajfa-10763	240	4	variable	variable	NOUN
ajfa-10763	240	5	equals	equal	VERB
ajfa-10763	240	6	one	one	NUM
ajfa-10763	240	7	if	if	SCONJ
ajfa-10763	240	8	the	the	DET
ajfa-10763	240	9	ceo	ceo	NOUN
ajfa-10763	240	10	overconfidence	overconfidence	NOUN
ajfa-10763	240	11	score	score	NOUN
ajfa-10763	240	12	of	of	ADP
ajfa-10763	240	13	the	the	DET
ajfa-10763	240	14	firm	firm	NOUN
ajfa-10763	240	15	is	be	AUX
ajfa-10763	240	16	above	above	ADP
ajfa-10763	240	17	the	the	DET
ajfa-10763	240	18	median	median	ADJ
ajfa-10763	240	19	score	score	NOUN
ajfa-10763	240	20	for	for	ADP
ajfa-10763	240	21	the	the	DET
ajfa-10763	240	22	sample	sample	NOUN
ajfa-10763	240	23	,	,	PUNCT
ajfa-10763	240	24	and	and	CCONJ
ajfa-10763	240	25	zero	zero	NUM
ajfa-10763	240	26	otherwise	otherwise	ADV
ajfa-10763	240	27	.	.	PUNCT
ajfa-10763	241	1	hi_gindex	hi_gindex	NOUN
ajfa-10763	241	2	=	=	NOUN
ajfa-10763	242	1	the	the	DET
ajfa-10763	242	2	variable	variable	NOUN
ajfa-10763	242	3	equals	equal	VERB
ajfa-10763	242	4	one	one	NUM
ajfa-10763	242	5	if	if	SCONJ
ajfa-10763	242	6	the	the	DET
ajfa-10763	242	7	corporate	corporate	ADJ
ajfa-10763	242	8	governance	governance	NOUN
ajfa-10763	242	9	score	score	NOUN
ajfa-10763	242	10	of	of	ADP
ajfa-10763	242	11	the	the	DET
ajfa-10763	242	12	firm	firm	NOUN
ajfa-10763	242	13	is	be	AUX
ajfa-10763	242	14	above	above	ADP
ajfa-10763	242	15	the	the	DET
ajfa-10763	242	16	median	median	ADJ
ajfa-10763	242	17	score	score	NOUN
ajfa-10763	242	18	for	for	ADP
ajfa-10763	242	19	the	the	DET
ajfa-10763	242	20	sample	sample	NOUN
ajfa-10763	242	21	,	,	PUNCT
ajfa-10763	242	22	and	and	CCONJ
ajfa-10763	242	23	zero	zero	NUM
ajfa-10763	242	24	otherwise	otherwise	ADV
ajfa-10763	242	25	.	.	PUNCT
ajfa-10763	243	1	size	size	NOUN
ajfa-10763	243	2	=	=	PUNCT
ajfa-10763	243	3	the	the	DET
ajfa-10763	243	4	logarithm	logarithm	NOUN
ajfa-10763	243	5	of	of	ADP
ajfa-10763	243	6	total	total	ADJ
ajfa-10763	243	7	assets	asset	NOUN
ajfa-10763	243	8	.	.	PUNCT
ajfa-10763	244	1	lev	lev	NOUN
ajfa-10763	244	2	=	=	PUNCT
ajfa-10763	244	3	the	the	DET
ajfa-10763	244	4	ratio	ratio	NOUN
ajfa-10763	244	5	of	of	ADP
ajfa-10763	244	6	total	total	ADJ
ajfa-10763	244	7	liability	liability	NOUN
ajfa-10763	244	8	to	to	ADP
ajfa-10763	244	9	total	total	ADJ
ajfa-10763	244	10	assets	asset	NOUN
ajfa-10763	244	11	.	.	PUNCT
ajfa-10763	245	1	roa	roa	PROPN
ajfa-10763	246	1	=	=	PRON
ajfa-10763	247	1	the	the	DET
ajfa-10763	247	2	net	net	ADJ
ajfa-10763	247	3	income	income	NOUN
ajfa-10763	247	4	divided	divide	VERB
ajfa-10763	247	5	by	by	ADP
ajfa-10763	247	6	the	the	DET
ajfa-10763	247	7	total	total	ADJ
ajfa-10763	247	8	assets	asset	NOUN
ajfa-10763	247	9	.	.	PUNCT
ajfa-10763	248	1	ocf	ocf	PROPN
ajfa-10763	248	2	=	=	PUNCT
ajfa-10763	249	1	the	the	DET
ajfa-10763	249	2	operating	operate	VERB
ajfa-10763	249	3	cash	cash	NOUN
ajfa-10763	249	4	flows	flow	NOUN
ajfa-10763	249	5	scaled	scale	VERB
ajfa-10763	249	6	by	by	ADP
ajfa-10763	249	7	the	the	DET
ajfa-10763	249	8	total	total	ADJ
ajfa-10763	249	9	assets	asset	NOUN
ajfa-10763	249	10	.	.	PUNCT
ajfa-10763	250	1	afll	afll	ADV
ajfa-10763	251	1	=	=	PUNCT
ajfa-10763	252	1	the	the	DET
ajfa-10763	252	2	allowance	allowance	NOUN
ajfa-10763	252	3	for	for	ADP
ajfa-10763	252	4	loan	loan	NOUN
ajfa-10763	252	5	loss	loss	NOUN
ajfa-10763	252	6	scaled	scale	VERB
ajfa-10763	252	7	by	by	ADP
ajfa-10763	252	8	the	the	DET
ajfa-10763	252	9	total	total	ADJ
ajfa-10763	252	10	assets	asset	NOUN
ajfa-10763	252	11	.	.	PUNCT
ajfa-10763	253	1	pfll	pfll	PROPN
ajfa-10763	253	2	=	=	PUNCT
ajfa-10763	254	1	the	the	DET
ajfa-10763	254	2	provision	provision	NOUN
ajfa-10763	254	3	for	for	ADP
ajfa-10763	254	4	loan	loan	NOUN
ajfa-10763	254	5	loss	loss	NOUN
ajfa-10763	254	6	scaled	scale	VERB
ajfa-10763	254	7	by	by	ADP
ajfa-10763	254	8	the	the	DET
ajfa-10763	254	9	net	net	ADJ
ajfa-10763	254	10	income	income	NOUN
ajfa-10763	254	11	.	.	PUNCT
ajfa-10763	255	1	the	the	DET
ajfa-10763	255	2	variable	variable	NOUN
ajfa-10763	255	3	of	of	ADP
ajfa-10763	255	4	interest	interest	NOUN
ajfa-10763	255	5	in	in	ADP
ajfa-10763	255	6	this	this	DET
ajfa-10763	255	7	hypothesis	hypothesis	NOUN
ajfa-10763	255	8	is	be	AUX
ajfa-10763	255	9	_	_	NOUN
ajfa-10763	256	1	_	_	PUNCT
ajfa-10763	256	2	hi	hi	INTJ
ajfa-10763	257	1	gindex	gindex	NOUN
ajfa-10763	257	2	hi	hi	INTJ
ajfa-10763	257	3	over×	over×	PROPN
ajfa-10763	257	4	.	.	PUNCT
ajfa-10763	258	1	if	if	SCONJ
ajfa-10763	258	2	strong	strong	ADJ
ajfa-10763	258	3	corporate	corporate	ADJ
ajfa-10763	258	4	governance	governance	NOUN
ajfa-10763	258	5	causes	cause	VERB
ajfa-10763	258	6	overconfident	overconfident	ADJ
ajfa-10763	258	7	ceo	ceo	NOUN
ajfa-10763	258	8	to	to	PART
ajfa-10763	258	9	report	report	VERB
ajfa-10763	258	10	less	less	ADJ
ajfa-10763	258	11	gains	gain	NOUN
ajfa-10763	258	12	from	from	ADP
ajfa-10763	258	13	level	level	NOUN
ajfa-10763	258	14	3	3	NUM
ajfa-10763	258	15	fair	fair	ADJ
ajfa-10763	258	16	values	value	NOUN
ajfa-10763	258	17	,	,	PUNCT
ajfa-10763	258	18	the	the	DET
ajfa-10763	258	19	coefficient	coefficient	NOUN
ajfa-10763	258	20	on	on	ADP
ajfa-10763	258	21	λ3	λ3	PROPN
ajfa-10763	258	22	will	will	AUX
ajfa-10763	258	23	be	be	AUX
ajfa-10763	258	24	significantly	significantly	ADV
ajfa-10763	258	25	negative	negative	ADJ
ajfa-10763	258	26	.	.	PUNCT
ajfa-10763	259	1	3.2	3.2	NUM
ajfa-10763	259	2	variable	variable	ADJ
ajfa-10763	259	3	definitions	definition	NOUN
ajfa-10763	259	4	3.2.1	3.2.1	NUM
ajfa-10763	259	5	dependent	dependent	ADJ
ajfa-10763	259	6	variables	variable	NOUN
ajfa-10763	259	7	for	for	ADP
ajfa-10763	259	8	hypothesis	hypothesis	NOUN
ajfa-10763	259	9	1	1	NUM
ajfa-10763	259	10	and	and	CCONJ
ajfa-10763	259	11	hypothesis	hypothesis	NOUN
ajfa-10763	259	12	3	3	NUM
ajfa-10763	259	13	following	follow	VERB
ajfa-10763	259	14	chong	chong	PROPN
ajfa-10763	259	15	et	et	PROPN
ajfa-10763	259	16	al	al	PROPN
ajfa-10763	259	17	.	.	PROPN
ajfa-10763	260	1	(	(	PUNCT
ajfa-10763	260	2	2012	2012	NUM
ajfa-10763	260	3	)	)	PUNCT
ajfa-10763	260	4	,	,	PUNCT
ajfa-10763	260	5	this	this	DET
ajfa-10763	260	6	paper	paper	NOUN
ajfa-10763	260	7	computes	compute	NOUN
ajfa-10763	260	8	level	level	VERB
ajfa-10763	260	9	3	3	NUM
ajfa-10763	260	10	fair	fair	ADJ
ajfa-10763	260	11	values	value	NOUN
ajfa-10763	260	12	(	(	PUNCT
ajfa-10763	260	13	level3	level3	PROPN
ajfa-10763	260	14	)	)	PUNCT
ajfa-10763	261	1	as	as	ADP
ajfa-10763	261	2	the	the	DET
ajfa-10763	261	3	net	net	ADJ
ajfa-10763	261	4	assets	asset	NOUN
ajfa-10763	261	5	at	at	ADP
ajfa-10763	261	6	level	level	NOUN
ajfa-10763	261	7	3	3	NUM
ajfa-10763	261	8	input	input	NOUN
ajfa-10763	261	9	divided	divide	VERB
ajfa-10763	261	10	by	by	ADP
ajfa-10763	261	11	the	the	DET
ajfa-10763	261	12	net	net	ADJ
ajfa-10763	261	13	assets	asset	NOUN
ajfa-10763	261	14	at	at	ADP
ajfa-10763	261	15	fair	fair	ADJ
ajfa-10763	261	16	value	value	NOUN
ajfa-10763	261	17	.	.	PUNCT
ajfa-10763	262	1	3.2.2	3.2.2	NUM
ajfa-10763	262	2	dependent	dependent	ADJ
ajfa-10763	262	3	variables	variable	NOUN
ajfa-10763	262	4	for	for	ADP
ajfa-10763	262	5	hypothesis	hypothesis	NOUN
ajfa-10763	262	6	2	2	NUM
ajfa-10763	262	7	and	and	CCONJ
ajfa-10763	262	8	hypothesis	hypothesis	NOUN
ajfa-10763	262	9	4	4	NUM
ajfa-10763	262	10	following	follow	VERB
ajfa-10763	262	11	valencia	valencia	PROPN
ajfa-10763	262	12	(	(	PUNCT
ajfa-10763	262	13	2011	2011	NUM
ajfa-10763	262	14	)	)	PUNCT
ajfa-10763	262	15	,	,	PUNCT
ajfa-10763	262	16	this	this	DET
ajfa-10763	262	17	paper	paper	NOUN
ajfa-10763	262	18	proxies	proxie	VERB
ajfa-10763	262	19	the	the	DET
ajfa-10763	262	20	gains	gain	NOUN
ajfa-10763	262	21	from	from	ADP
ajfa-10763	262	22	level	level	NOUN
ajfa-10763	262	23	3	3	NUM
ajfa-10763	262	24	fair	fair	ADJ
ajfa-10763	262	25	values	value	NOUN
ajfa-10763	262	26	(	(	PUNCT
ajfa-10763	262	27	level3_gain	level3_gain	PROPN
ajfa-10763	262	28	)	)	PUNCT
ajfa-10763	262	29	as	as	ADP
ajfa-10763	262	30	the	the	DET
ajfa-10763	262	31	gains	gain	NOUN
ajfa-10763	262	32	from	from	ADP
ajfa-10763	262	33	level	level	NOUN
ajfa-10763	262	34	3	3	NUM
ajfa-10763	262	35	fair	fair	ADJ
ajfa-10763	262	36	assets	asset	NOUN
ajfa-10763	262	37	scaled	scale	VERB
ajfa-10763	262	38	by	by	ADP
ajfa-10763	262	39	the	the	DET
ajfa-10763	262	40	net	net	ADJ
ajfa-10763	262	41	assets	asset	NOUN
ajfa-10763	262	42	at	at	ADP
ajfa-10763	262	43	fair	fair	ADJ
ajfa-10763	262	44	value	value	NOUN
ajfa-10763	262	45	.	.	PUNCT
ajfa-10763	263	1	3.2.3	3.2.3	NUM
ajfa-10763	263	2	independent	independent	ADJ
ajfa-10763	263	3	variableshigh	variableshigh	NOUN
ajfa-10763	263	4	ceo	ceo	NOUN
ajfa-10763	263	5	overconfidence	overconfidence	NOUN
ajfa-10763	263	6	(	(	PUNCT
ajfa-10763	263	7	hi_over	hi_over	ADV
ajfa-10763	263	8	)	)	PUNCT
ajfa-10763	263	9	this	this	DET
ajfa-10763	263	10	paper	paper	NOUN
ajfa-10763	263	11	follows	follow	VERB
ajfa-10763	263	12	prior	prior	ADJ
ajfa-10763	263	13	literature	literature	NOUN
ajfa-10763	263	14	(	(	PUNCT
ajfa-10763	263	15	ahmed	ahmed	PROPN
ajfa-10763	263	16	and	and	CCONJ
ajfa-10763	263	17	duellman	duellman	NOUN
ajfa-10763	263	18	,	,	PUNCT
ajfa-10763	263	19	2013	2013	NUM
ajfa-10763	263	20	;	;	PUNCT
ajfa-10763	263	21	malmendier	malmendier	NOUN
ajfa-10763	263	22	and	and	CCONJ
ajfa-10763	263	23	tate	tate	NOUN
ajfa-10763	263	24	,	,	PUNCT
ajfa-10763	263	25	2005	2005	NUM
ajfa-10763	263	26	;	;	PUNCT
ajfa-10763	263	27	malmendier	malmendier	NOUN
ajfa-10763	263	28	and	and	CCONJ
ajfa-10763	263	29	tate	tate	NOUN
ajfa-10763	263	30	,	,	PUNCT
ajfa-10763	263	31	2008	2008	NUM
ajfa-10763	263	32	)	)	PUNCT
ajfa-10763	263	33	in	in	SCONJ
ajfa-10763	263	34	that	that	SCONJ
ajfa-10763	263	35	it	it	PRON
ajfa-10763	263	36	considers	consider	VERB
ajfa-10763	263	37	three	three	NUM
ajfa-10763	263	38	proxies	proxy	NOUN
ajfa-10763	263	39	for	for	ADP
ajfa-10763	263	40	ceo	ceo	NOUN
ajfa-10763	263	41	overconfidence	overconfidence	NOUN
ajfa-10763	263	42	:	:	PUNCT
ajfa-10763	263	43	the	the	DET
ajfa-10763	263	44	asian	asian	ADJ
ajfa-10763	263	45	journal	journal	NOUN
ajfa-10763	263	46	of	of	ADP
ajfa-10763	263	47	finance	finance	PROPN
ajfa-10763	263	48	&	&	CCONJ
ajfa-10763	263	49	accounting	accounting	PROPN
ajfa-10763	263	50	issn	issn	PROPN
ajfa-10763	263	51	1946	1946	NUM
ajfa-10763	263	52	-	-	PUNCT
ajfa-10763	263	53	052x	052x	PROPN
ajfa-10763	263	54	2017	2017	NUM
ajfa-10763	263	55	,	,	PUNCT
ajfa-10763	263	56	vol	vol	NOUN
ajfa-10763	263	57	.	.	NOUN
ajfa-10763	263	58	9	9	NUM
ajfa-10763	263	59	,	,	PUNCT
ajfa-10763	263	60	no	no	INTJ
ajfa-10763	263	61	.	.	NOUN
ajfa-10763	263	62	1	1	NUM
ajfa-10763	263	63	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	263	64	144	144	NUM
ajfa-10763	263	65	net	net	ADJ
ajfa-10763	263	66	purchases	purchase	NOUN
ajfa-10763	263	67	by	by	ADP
ajfa-10763	263	68	the	the	DET
ajfa-10763	263	69	ceo	ceo	NOUN
ajfa-10763	263	70	(	(	PUNCT
ajfa-10763	263	71	purchase	purchase	NOUN
ajfa-10763	263	72	)	)	PUNCT
ajfa-10763	263	73	,	,	PUNCT
ajfa-10763	263	74	firm	firm	NOUN
ajfa-10763	263	75	's	's	PART
ajfa-10763	263	76	capital	capital	NOUN
ajfa-10763	263	77	expenditures	expenditure	NOUN
ajfa-10763	263	78	(	(	PUNCT
ajfa-10763	263	79	capex	capex	NOUN
ajfa-10763	263	80	)	)	PUNCT
ajfa-10763	263	81	,	,	PUNCT
ajfa-10763	263	82	and	and	CCONJ
ajfa-10763	263	83	the	the	DET
ajfa-10763	263	84	amount	amount	NOUN
ajfa-10763	263	85	of	of	ADP
ajfa-10763	263	86	excess	excess	ADJ
ajfa-10763	263	87	investment	investment	NOUN
ajfa-10763	263	88	in	in	ADP
ajfa-10763	263	89	assets	asset	NOUN
ajfa-10763	263	90	(	(	PUNCT
ajfa-10763	263	91	overinvest	overinv	ADJ
ajfa-10763	263	92	)	)	PUNCT
ajfa-10763	263	93	.	.	PUNCT
ajfa-10763	264	1	these	these	DET
ajfa-10763	264	2	proxies	proxy	NOUN
ajfa-10763	264	3	measure	measure	VERB
ajfa-10763	264	4	the	the	DET
ajfa-10763	264	5	ceos	ceo	NOUN
ajfa-10763	264	6	’	'	PUNCT
ajfa-10763	264	7	stock	stock	NOUN
ajfa-10763	264	8	purchases	purchase	NOUN
ajfa-10763	264	9	and	and	CCONJ
ajfa-10763	264	10	their	their	PRON
ajfa-10763	264	11	investment	investment	NOUN
ajfa-10763	264	12	decisions	decision	NOUN
ajfa-10763	264	13	.	.	PUNCT
ajfa-10763	265	1	the	the	DET
ajfa-10763	265	2	three	three	NUM
ajfa-10763	265	3	variables	variable	NOUN
ajfa-10763	265	4	are	be	AUX
ajfa-10763	265	5	explained	explain	VERB
ajfa-10763	265	6	as	as	ADP
ajfa-10763	265	7	following	follow	VERB
ajfa-10763	265	8	:	:	PUNCT
ajfa-10763	265	9	the	the	DET
ajfa-10763	265	10	first	first	ADJ
ajfa-10763	265	11	measure	measure	NOUN
ajfa-10763	265	12	of	of	ADP
ajfa-10763	265	13	overconfidence	overconfidence	NOUN
ajfa-10763	265	14	is	be	AUX
ajfa-10763	265	15	the	the	DET
ajfa-10763	265	16	net	net	ADJ
ajfa-10763	265	17	purchases	purchase	NOUN
ajfa-10763	265	18	by	by	ADP
ajfa-10763	265	19	the	the	DET
ajfa-10763	265	20	ceo	ceo	NOUN
ajfa-10763	265	21	(	(	PUNCT
ajfa-10763	265	22	malmendier	malmendier	NOUN
ajfa-10763	265	23	and	and	CCONJ
ajfa-10763	265	24	tate	tate	NOUN
ajfa-10763	265	25	,	,	PUNCT
ajfa-10763	265	26	2005	2005	NUM
ajfa-10763	265	27	)	)	PUNCT
ajfa-10763	265	28	.	.	PUNCT
ajfa-10763	266	1	purchase	purchase	NOUN
ajfa-10763	266	2	is	be	AUX
ajfa-10763	266	3	set	set	VERB
ajfa-10763	266	4	equal	equal	ADJ
ajfa-10763	266	5	to	to	ADP
ajfa-10763	266	6	one	one	NUM
ajfa-10763	266	7	if	if	SCONJ
ajfa-10763	266	8	the	the	DET
ajfa-10763	266	9	ceo	ceo	NOUN
ajfa-10763	266	10	’s	’s	PART
ajfa-10763	266	11	net	net	ADJ
ajfa-10763	266	12	purchases	purchase	NOUN
ajfa-10763	266	13	(	(	PUNCT
ajfa-10763	266	14	purchases−sales	purchases−sale	NOUN
ajfa-10763	266	15	)	)	PUNCT
ajfa-10763	266	16	are	be	AUX
ajfa-10763	266	17	in	in	ADP
ajfa-10763	266	18	the	the	DET
ajfa-10763	266	19	top	top	ADJ
ajfa-10763	266	20	quintile	quintile	NOUN
ajfa-10763	266	21	of	of	ADP
ajfa-10763	266	22	the	the	DET
ajfa-10763	266	23	distribution	distribution	NOUN
ajfa-10763	266	24	of	of	ADP
ajfa-10763	266	25	net	net	ADJ
ajfa-10763	266	26	purchases	purchase	NOUN
ajfa-10763	266	27	by	by	ADP
ajfa-10763	266	28	all	all	DET
ajfa-10763	266	29	ceo	ceo	NOUN
ajfa-10763	266	30	and	and	CCONJ
ajfa-10763	266	31	those	those	DET
ajfa-10763	266	32	purchases	purchase	NOUN
ajfa-10763	266	33	increase	increase	VERB
ajfa-10763	266	34	their	their	PRON
ajfa-10763	266	35	ownership	ownership	NOUN
ajfa-10763	266	36	in	in	ADP
ajfa-10763	266	37	the	the	DET
ajfa-10763	266	38	firm	firm	NOUN
ajfa-10763	266	39	by	by	ADP
ajfa-10763	266	40	10	10	NUM
ajfa-10763	266	41	%	%	NOUN
ajfa-10763	266	42	during	during	ADP
ajfa-10763	266	43	the	the	DET
ajfa-10763	266	44	fiscal	fiscal	ADJ
ajfa-10763	266	45	year	year	NOUN
ajfa-10763	266	46	,	,	PUNCT
ajfa-10763	266	47	otherwise	otherwise	ADV
ajfa-10763	266	48	zero	zero	NUM
ajfa-10763	266	49	(	(	PUNCT
ajfa-10763	266	50	campbell	campbell	PROPN
ajfa-10763	266	51	et	et	PROPN
ajfa-10763	266	52	al	al	PROPN
ajfa-10763	266	53	.	.	PROPN
ajfa-10763	266	54	,	,	PUNCT
ajfa-10763	266	55	2011	2011	NUM
ajfa-10763	266	56	)	)	PUNCT
ajfa-10763	266	57	.	.	PUNCT
ajfa-10763	267	1	the	the	DET
ajfa-10763	267	2	second	second	ADJ
ajfa-10763	267	3	proxy	proxy	NOUN
ajfa-10763	267	4	for	for	ADP
ajfa-10763	267	5	overconfidence	overconfidence	NOUN
ajfa-10763	267	6	is	be	AUX
ajfa-10763	267	7	firm	firm	NOUN
ajfa-10763	267	8	's	's	PART
ajfa-10763	267	9	capital	capital	NOUN
ajfa-10763	267	10	expenditures	expenditure	NOUN
ajfa-10763	267	11	(	(	PUNCT
ajfa-10763	267	12	capex	capex	NOUN
ajfa-10763	267	13	)	)	PUNCT
ajfa-10763	267	14	.	.	PUNCT
ajfa-10763	268	1	capex	capex	PROPN
ajfa-10763	268	2	is	be	AUX
ajfa-10763	268	3	a	a	DET
ajfa-10763	268	4	dichotomous	dichotomous	ADJ
ajfa-10763	268	5	variable	variable	NOUN
ajfa-10763	268	6	set	set	VERB
ajfa-10763	268	7	equal	equal	ADJ
ajfa-10763	268	8	to	to	ADP
ajfa-10763	268	9	one	one	NUM
ajfa-10763	268	10	if	if	SCONJ
ajfa-10763	268	11	the	the	DET
ajfa-10763	268	12	capital	capital	NOUN
ajfa-10763	268	13	expenditures	expenditure	NOUN
ajfa-10763	268	14	deflated	deflate	VERB
ajfa-10763	268	15	by	by	ADP
ajfa-10763	268	16	lagged	lag	VERB
ajfa-10763	268	17	total	total	ADJ
ajfa-10763	268	18	assets	asset	NOUN
ajfa-10763	268	19	in	in	ADP
ajfa-10763	268	20	a	a	DET
ajfa-10763	268	21	given	give	VERB
ajfa-10763	268	22	year	year	NOUN
ajfa-10763	268	23	is	be	AUX
ajfa-10763	268	24	greater	great	ADJ
ajfa-10763	268	25	than	than	ADP
ajfa-10763	268	26	the	the	DET
ajfa-10763	268	27	median	median	ADJ
ajfa-10763	268	28	level	level	NOUN
ajfa-10763	268	29	of	of	ADP
ajfa-10763	268	30	capital	capital	NOUN
ajfa-10763	268	31	expenditures	expenditure	NOUN
ajfa-10763	268	32	to	to	PART
ajfa-10763	268	33	lagged	lag	VERB
ajfa-10763	268	34	total	total	ADJ
ajfa-10763	268	35	assets	asset	NOUN
ajfa-10763	268	36	for	for	ADP
ajfa-10763	268	37	the	the	DET
ajfa-10763	268	38	firm	firm	NOUN
ajfa-10763	268	39	’s	’s	PART
ajfa-10763	268	40	fama	fama	PROPN
ajfa-10763	268	41	-	-	PUNCT
ajfa-10763	268	42	french	french	NOUN
ajfa-10763	268	43	industry	industry	NOUN
ajfa-10763	268	44	in	in	ADP
ajfa-10763	268	45	that	that	DET
ajfa-10763	268	46	year	year	NOUN
ajfa-10763	268	47	,	,	PUNCT
ajfa-10763	268	48	otherwise	otherwise	ADV
ajfa-10763	268	49	zero	zero	NUM
ajfa-10763	268	50	(	(	PUNCT
ajfa-10763	268	51	ben	ben	PROPN
ajfa-10763	268	52	-	-	PUNCT
ajfa-10763	268	53	david	david	PROPN
ajfa-10763	268	54	et	et	PROPN
ajfa-10763	268	55	al	al	PROPN
ajfa-10763	268	56	.	.	PROPN
ajfa-10763	268	57	,	,	PUNCT
ajfa-10763	268	58	2010	2010	NUM
ajfa-10763	268	59	;	;	PUNCT
ajfa-10763	268	60	malmendier	malmendier	NOUN
ajfa-10763	268	61	and	and	CCONJ
ajfa-10763	268	62	tate	tate	NOUN
ajfa-10763	268	63	,	,	PUNCT
ajfa-10763	268	64	2005	2005	NUM
ajfa-10763	268	65	)	)	PUNCT
ajfa-10763	268	66	.	.	PUNCT
ajfa-10763	269	1	following	follow	VERB
ajfa-10763	269	2	schrand	schrand	NOUN
ajfa-10763	269	3	and	and	CCONJ
ajfa-10763	269	4	zechman	zechman	NOUN
ajfa-10763	269	5	(	(	PUNCT
ajfa-10763	269	6	2012	2012	NUM
ajfa-10763	269	7	)	)	PUNCT
ajfa-10763	269	8	,	,	PUNCT
ajfa-10763	269	9	the	the	DET
ajfa-10763	269	10	third	third	ADJ
ajfa-10763	269	11	proxy	proxy	NOUN
ajfa-10763	269	12	for	for	ADP
ajfa-10763	269	13	overconfidence	overconfidence	NOUN
ajfa-10763	269	14	is	be	AUX
ajfa-10763	269	15	the	the	DET
ajfa-10763	269	16	amount	amount	NOUN
ajfa-10763	269	17	of	of	ADP
ajfa-10763	269	18	excess	excess	ADJ
ajfa-10763	269	19	investment	investment	NOUN
ajfa-10763	269	20	in	in	ADP
ajfa-10763	269	21	assets	asset	NOUN
ajfa-10763	269	22	from	from	ADP
ajfa-10763	269	23	the	the	DET
ajfa-10763	269	24	residual	residual	NOUN
ajfa-10763	269	25	of	of	ADP
ajfa-10763	269	26	a	a	DET
ajfa-10763	269	27	regression	regression	NOUN
ajfa-10763	269	28	of	of	ADP
ajfa-10763	269	29	total	total	ADJ
ajfa-10763	269	30	asset	asset	NOUN
ajfa-10763	269	31	growth	growth	NOUN
ajfa-10763	269	32	on	on	ADP
ajfa-10763	269	33	sales	sale	NOUN
ajfa-10763	269	34	growth	growth	NOUN
ajfa-10763	269	35	run	run	VERB
ajfa-10763	269	36	by	by	ADP
ajfa-10763	269	37	industry	industry	NOUN
ajfa-10763	269	38	-	-	PUNCT
ajfa-10763	269	39	year	year	NOUN
ajfa-10763	269	40	(	(	PUNCT
ajfa-10763	269	41	overinvest	overinv	ADJ
ajfa-10763	269	42	)	)	PUNCT
ajfa-10763	269	43	.	.	PUNCT
ajfa-10763	270	1	overinvest	overinv	ADJ
ajfa-10763	270	2	equal	equal	ADJ
ajfa-10763	270	3	to	to	ADP
ajfa-10763	270	4	one	one	NUM
ajfa-10763	270	5	if	if	SCONJ
ajfa-10763	270	6	the	the	DET
ajfa-10763	270	7	residual	residual	ADJ
ajfa-10763	270	8	from	from	ADP
ajfa-10763	270	9	the	the	DET
ajfa-10763	270	10	excess	excess	ADJ
ajfa-10763	270	11	investment	investment	NOUN
ajfa-10763	270	12	regression	regression	NOUN
ajfa-10763	270	13	is	be	AUX
ajfa-10763	270	14	greater	great	ADJ
ajfa-10763	270	15	than	than	ADP
ajfa-10763	270	16	zero	zero	NUM
ajfa-10763	270	17	,	,	PUNCT
ajfa-10763	270	18	otherwise	otherwise	ADV
ajfa-10763	270	19	zero	zero	NUM
ajfa-10763	270	20	.	.	PUNCT
ajfa-10763	271	1	the	the	DET
ajfa-10763	271	2	three	three	NUM
ajfa-10763	271	3	measures	measure	NOUN
ajfa-10763	271	4	are	be	AUX
ajfa-10763	271	5	converted	convert	VERB
ajfa-10763	271	6	to	to	ADP
ajfa-10763	271	7	percentile	percentile	ADJ
ajfa-10763	271	8	scores	score	NOUN
ajfa-10763	271	9	from	from	ADP
ajfa-10763	271	10	which	which	PRON
ajfa-10763	271	11	an	an	DET
ajfa-10763	271	12	index	index	NOUN
ajfa-10763	271	13	,	,	PUNCT
ajfa-10763	271	14	ceo_over	ceo_over	NOUN
ajfa-10763	271	15	,	,	PUNCT
ajfa-10763	271	16	is	be	AUX
ajfa-10763	271	17	then	then	ADV
ajfa-10763	271	18	constructed	construct	VERB
ajfa-10763	271	19	to	to	PART
ajfa-10763	271	20	capture	capture	VERB
ajfa-10763	271	21	the	the	DET
ajfa-10763	271	22	combined	combined	ADJ
ajfa-10763	271	23	effect	effect	NOUN
ajfa-10763	271	24	of	of	ADP
ajfa-10763	271	25	these	these	DET
ajfa-10763	271	26	factors	factor	NOUN
ajfa-10763	271	27	.	.	PUNCT
ajfa-10763	272	1	ceo_over	ceo_over	NOUN
ajfa-10763	272	2	equals	equal	VERB
ajfa-10763	272	3	the	the	DET
ajfa-10763	272	4	average	average	NOUN
ajfa-10763	272	5	of	of	ADP
ajfa-10763	272	6	these	these	DET
ajfa-10763	272	7	three	three	NUM
ajfa-10763	272	8	percentile	percentile	ADJ
ajfa-10763	272	9	values	value	NOUN
ajfa-10763	272	10	.	.	PUNCT
ajfa-10763	273	1	the	the	DET
ajfa-10763	273	2	variable	variable	NOUN
ajfa-10763	273	3	of	of	ADP
ajfa-10763	273	4	high	high	ADJ
ajfa-10763	273	5	ceo	ceo	NOUN
ajfa-10763	273	6	overconfidence	overconfidence	NOUN
ajfa-10763	273	7	(	(	PUNCT
ajfa-10763	273	8	hi_over	hi_over	ADV
ajfa-10763	273	9	)	)	PUNCT
ajfa-10763	273	10	equals	equal	VERB
ajfa-10763	273	11	one	one	NUM
ajfa-10763	273	12	if	if	SCONJ
ajfa-10763	273	13	the	the	DET
ajfa-10763	273	14	ceo	ceo	NOUN
ajfa-10763	273	15	overconfidence	overconfidence	NOUN
ajfa-10763	273	16	score	score	NOUN
ajfa-10763	273	17	(	(	PUNCT
ajfa-10763	273	18	ceo_over	ceo_over	NOUN
ajfa-10763	273	19	)	)	PUNCT
ajfa-10763	273	20	of	of	ADP
ajfa-10763	273	21	the	the	DET
ajfa-10763	273	22	firm	firm	NOUN
ajfa-10763	273	23	is	be	AUX
ajfa-10763	273	24	above	above	ADP
ajfa-10763	273	25	the	the	DET
ajfa-10763	273	26	median	median	ADJ
ajfa-10763	273	27	score	score	NOUN
ajfa-10763	273	28	for	for	ADP
ajfa-10763	273	29	the	the	DET
ajfa-10763	273	30	sample	sample	NOUN
ajfa-10763	273	31	,	,	PUNCT
ajfa-10763	273	32	and	and	CCONJ
ajfa-10763	273	33	zero	zero	NUM
ajfa-10763	273	34	otherwise	otherwise	ADV
ajfa-10763	273	35	.	.	PUNCT
ajfa-10763	274	1	3.2.4	3.2.4	NUM
ajfa-10763	274	2	independent	independent	ADJ
ajfa-10763	274	3	variables	variable	NOUN
ajfa-10763	274	4	-	-	PUNCT
ajfa-10763	274	5	high	high	ADJ
ajfa-10763	274	6	corporate	corporate	ADJ
ajfa-10763	274	7	governance	governance	NOUN
ajfa-10763	274	8	(	(	PUNCT
ajfa-10763	274	9	hi_cg	hi_cg	PROPN
ajfa-10763	274	10	)	)	PUNCT
ajfa-10763	274	11	this	this	DET
ajfa-10763	274	12	paper	paper	NOUN
ajfa-10763	274	13	considers	consider	VERB
ajfa-10763	274	14	four	four	NUM
ajfa-10763	274	15	proxies	proxy	NOUN
ajfa-10763	274	16	for	for	ADP
ajfa-10763	274	17	corporate	corporate	ADJ
ajfa-10763	274	18	governance	governance	NOUN
ajfa-10763	274	19	score	score	NOUN
ajfa-10763	274	20	(	(	PUNCT
ajfa-10763	274	21	cg_score	cg_score	NOUN
ajfa-10763	274	22	)	)	PUNCT
ajfa-10763	274	23	as	as	ADP
ajfa-10763	274	24	following	follow	VERB
ajfa-10763	274	25	:	:	PUNCT
ajfa-10763	274	26	bd_ind	bd_ind	NOUN
ajfa-10763	274	27	is	be	AUX
ajfa-10763	274	28	the	the	DET
ajfa-10763	274	29	proportion	proportion	NOUN
ajfa-10763	274	30	of	of	ADP
ajfa-10763	274	31	independent	independent	ADJ
ajfa-10763	274	32	directors	director	NOUN
ajfa-10763	274	33	on	on	ADP
ajfa-10763	274	34	the	the	DET
ajfa-10763	274	35	board	board	NOUN
ajfa-10763	274	36	(	(	PUNCT
ajfa-10763	274	37	bradbury	bradbury	PROPN
ajfa-10763	274	38	et	et	PROPN
ajfa-10763	274	39	al	al	PROPN
ajfa-10763	274	40	.	.	PROPN
ajfa-10763	274	41	,	,	PUNCT
ajfa-10763	274	42	2006	2006	NUM
ajfa-10763	274	43	;	;	PUNCT
ajfa-10763	274	44	chen	chen	PROPN
ajfa-10763	274	45	et	et	PROPN
ajfa-10763	274	46	al	al	PROPN
ajfa-10763	274	47	.	.	PROPN
ajfa-10763	274	48	,	,	PUNCT
ajfa-10763	274	49	2007	2007	NUM
ajfa-10763	274	50	;	;	PUNCT
ajfa-10763	274	51	osma	osma	NOUN
ajfa-10763	274	52	,	,	PUNCT
ajfa-10763	274	53	2008	2008	NUM
ajfa-10763	274	54	;	;	PUNCT
ajfa-10763	274	55	visvanathan	visvanathan	PROPN
ajfa-10763	274	56	,	,	PUNCT
ajfa-10763	274	57	2008	2008	NUM
ajfa-10763	274	58	;	;	PUNCT
ajfa-10763	274	59	garven	garven	VERB
ajfa-10763	274	60	,	,	PUNCT
ajfa-10763	274	61	2009	2009	NUM
ajfa-10763	274	62	;	;	PUNCT
ajfa-10763	274	63	shiue	shiue	PROPN
ajfa-10763	274	64	,	,	PUNCT
ajfa-10763	274	65	lin	lin	PROPN
ajfa-10763	274	66	,	,	PUNCT
ajfa-10763	274	67	&	&	CCONJ
ajfa-10763	274	68	liu	liu	PROPN
ajfa-10763	274	69	,	,	PUNCT
ajfa-10763	274	70	2009	2009	NUM
ajfa-10763	274	71	)	)	PUNCT
ajfa-10763	274	72	.	.	PUNCT
ajfa-10763	275	1	the	the	DET
ajfa-10763	275	2	ceo	ceo	NOUN
ajfa-10763	275	3	/	/	SYM
ajfa-10763	275	4	chair	chair	NOUN
ajfa-10763	275	5	duality	duality	NOUN
ajfa-10763	275	6	(	(	PUNCT
ajfa-10763	275	7	nodual	nodual	ADJ
ajfa-10763	275	8	)	)	PUNCT
ajfa-10763	275	9	,	,	PUNCT
ajfa-10763	275	10	which	which	PRON
ajfa-10763	275	11	is	be	AUX
ajfa-10763	275	12	a	a	DET
ajfa-10763	275	13	dummy	dummy	ADJ
ajfa-10763	275	14	variable	variable	NOUN
ajfa-10763	275	15	that	that	PRON
ajfa-10763	275	16	equals	equal	VERB
ajfa-10763	275	17	one	one	NUM
ajfa-10763	275	18	if	if	SCONJ
ajfa-10763	275	19	the	the	DET
ajfa-10763	275	20	ceo	ceo	NOUN
ajfa-10763	275	21	does	do	AUX
ajfa-10763	275	22	not	not	PART
ajfa-10763	275	23	serve	serve	VERB
ajfa-10763	275	24	as	as	ADP
ajfa-10763	275	25	the	the	DET
ajfa-10763	275	26	board	board	NOUN
ajfa-10763	275	27	chair	chair	NOUN
ajfa-10763	275	28	,	,	PUNCT
ajfa-10763	275	29	and	and	CCONJ
ajfa-10763	275	30	zero	zero	NUM
ajfa-10763	275	31	otherwise	otherwise	ADV
ajfa-10763	275	32	(	(	PUNCT
ajfa-10763	275	33	davidson	davidson	NOUN
ajfa-10763	275	34	et	et	PROPN
ajfa-10763	275	35	al	al	PROPN
ajfa-10763	275	36	.	.	PROPN
ajfa-10763	275	37	,	,	PUNCT
ajfa-10763	275	38	2005	2005	NUM
ajfa-10763	275	39	;	;	PUNCT
ajfa-10763	275	40	bradbury	bradbury	PROPN
ajfa-10763	275	41	et	et	PROPN
ajfa-10763	275	42	al	al	PROPN
ajfa-10763	275	43	.	.	PROPN
ajfa-10763	275	44	,	,	PUNCT
ajfa-10763	275	45	2006	2006	NUM
ajfa-10763	275	46	)	)	PUNCT
ajfa-10763	275	47	.	.	PUNCT
ajfa-10763	276	1	the	the	DET
ajfa-10763	276	2	average	average	ADJ
ajfa-10763	276	3	tenure	tenure	NOUN
ajfa-10763	276	4	of	of	ADP
ajfa-10763	276	5	board	board	NOUN
ajfa-10763	276	6	members	member	NOUN
ajfa-10763	276	7	(	(	PUNCT
ajfa-10763	276	8	bd_ten	bd_ten	PROPN
ajfa-10763	276	9	)	)	PUNCT
ajfa-10763	276	10	,	,	PUNCT
ajfa-10763	276	11	measured	measure	VERB
ajfa-10763	276	12	as	as	ADP
ajfa-10763	276	13	the	the	DET
ajfa-10763	276	14	average	average	ADJ
ajfa-10763	276	15	years	year	NOUN
ajfa-10763	276	16	of	of	ADP
ajfa-10763	276	17	service	service	NOUN
ajfa-10763	276	18	of	of	ADP
ajfa-10763	276	19	board	board	NOUN
ajfa-10763	276	20	members	member	NOUN
ajfa-10763	276	21	(	(	PUNCT
ajfa-10763	276	22	garven	garven	VERB
ajfa-10763	276	23	,	,	PUNCT
ajfa-10763	276	24	2009	2009	NUM
ajfa-10763	276	25	;	;	PUNCT
ajfa-10763	276	26	shiue	shiue	VERB
ajfa-10763	276	27	et	et	PROPN
ajfa-10763	276	28	al	al	PROPN
ajfa-10763	276	29	.	.	PROPN
ajfa-10763	276	30	,	,	PUNCT
ajfa-10763	276	31	2009	2009	NUM
ajfa-10763	276	32	)	)	PUNCT
ajfa-10763	276	33	.	.	PUNCT
ajfa-10763	277	1	outside	outside	ADJ
ajfa-10763	277	2	directorships	directorship	NOUN
ajfa-10763	277	3	(	(	PUNCT
ajfa-10763	277	4	bd_dir	bd_dir	NOUN
ajfa-10763	277	5	)	)	PUNCT
ajfa-10763	277	6	,	,	PUNCT
ajfa-10763	277	7	measured	measure	VERB
ajfa-10763	277	8	as	as	ADP
ajfa-10763	277	9	the	the	DET
ajfa-10763	277	10	average	average	ADJ
ajfa-10763	277	11	number	number	NOUN
ajfa-10763	277	12	of	of	ADP
ajfa-10763	277	13	outside	outside	ADJ
ajfa-10763	277	14	directorships	directorship	NOUN
ajfa-10763	277	15	held	hold	VERB
ajfa-10763	277	16	by	by	ADP
ajfa-10763	277	17	board	board	NOUN
ajfa-10763	277	18	members	member	NOUN
ajfa-10763	277	19	(	(	PUNCT
ajfa-10763	277	20	garven	garven	VERB
ajfa-10763	277	21	,	,	PUNCT
ajfa-10763	277	22	2009	2009	NUM
ajfa-10763	277	23	)	)	PUNCT
ajfa-10763	277	24	.	.	PUNCT
ajfa-10763	278	1	the	the	DET
ajfa-10763	278	2	four	four	NUM
ajfa-10763	278	3	measures	measure	NOUN
ajfa-10763	278	4	are	be	AUX
ajfa-10763	278	5	converted	convert	VERB
ajfa-10763	278	6	to	to	ADP
ajfa-10763	278	7	percentile	percentile	ADJ
ajfa-10763	278	8	scores	score	NOUN
ajfa-10763	278	9	from	from	ADP
ajfa-10763	278	10	which	which	PRON
ajfa-10763	278	11	an	an	DET
ajfa-10763	278	12	index	index	NOUN
ajfa-10763	278	13	,	,	PUNCT
ajfa-10763	278	14	cg_score	cg_score	NUM
ajfa-10763	278	15	,	,	PUNCT
ajfa-10763	278	16	is	be	AUX
ajfa-10763	278	17	then	then	ADV
ajfa-10763	278	18	constructed	construct	VERB
ajfa-10763	278	19	to	to	PART
ajfa-10763	278	20	capture	capture	VERB
ajfa-10763	278	21	the	the	DET
ajfa-10763	278	22	combined	combined	ADJ
ajfa-10763	278	23	effect	effect	NOUN
ajfa-10763	278	24	of	of	ADP
ajfa-10763	278	25	these	these	DET
ajfa-10763	278	26	factors	factor	NOUN
ajfa-10763	278	27	.	.	PUNCT
ajfa-10763	279	1	cg_score	cg_score	NOUN
ajfa-10763	279	2	equals	equal	VERB
ajfa-10763	279	3	the	the	DET
ajfa-10763	279	4	average	average	NOUN
ajfa-10763	279	5	of	of	ADP
ajfa-10763	279	6	these	these	DET
ajfa-10763	279	7	four	four	NUM
ajfa-10763	279	8	percentile	percentile	ADJ
ajfa-10763	279	9	values	value	NOUN
ajfa-10763	279	10	.	.	PUNCT
ajfa-10763	280	1	the	the	DET
ajfa-10763	280	2	variable	variable	NOUN
ajfa-10763	280	3	of	of	ADP
ajfa-10763	280	4	high	high	ADJ
ajfa-10763	280	5	corporate	corporate	ADJ
ajfa-10763	280	6	governance	governance	NOUN
ajfa-10763	280	7	(	(	PUNCT
ajfa-10763	280	8	hi_cg	hi_cg	PROPN
ajfa-10763	280	9	)	)	PUNCT
ajfa-10763	280	10	equals	equal	VERB
ajfa-10763	280	11	one	one	NUM
ajfa-10763	280	12	if	if	SCONJ
ajfa-10763	280	13	the	the	DET
ajfa-10763	280	14	corporate	corporate	ADJ
ajfa-10763	280	15	governance	governance	NOUN
ajfa-10763	280	16	score	score	NOUN
ajfa-10763	280	17	(	(	PUNCT
ajfa-10763	280	18	cg_score	cg_score	NOUN
ajfa-10763	280	19	)	)	PUNCT
ajfa-10763	280	20	of	of	ADP
ajfa-10763	280	21	the	the	DET
ajfa-10763	280	22	firm	firm	NOUN
ajfa-10763	280	23	is	be	AUX
ajfa-10763	280	24	above	above	ADP
ajfa-10763	280	25	the	the	DET
ajfa-10763	280	26	median	median	ADJ
ajfa-10763	280	27	score	score	NOUN
ajfa-10763	280	28	for	for	ADP
ajfa-10763	280	29	the	the	DET
ajfa-10763	280	30	sample	sample	NOUN
ajfa-10763	280	31	,	,	PUNCT
ajfa-10763	280	32	and	and	CCONJ
ajfa-10763	280	33	zero	zero	NUM
ajfa-10763	280	34	otherwise	otherwise	ADV
ajfa-10763	280	35	.	.	PUNCT
ajfa-10763	281	1	3.2.5	3.2.5	NUM
ajfa-10763	281	2	control	control	NOUN
ajfa-10763	281	3	variables	variable	NOUN
ajfa-10763	281	4	this	this	DET
ajfa-10763	281	5	paper	paper	NOUN
ajfa-10763	281	6	also	also	ADV
ajfa-10763	281	7	includes	include	VERB
ajfa-10763	281	8	a	a	DET
ajfa-10763	281	9	number	number	NOUN
ajfa-10763	281	10	of	of	ADP
ajfa-10763	281	11	additional	additional	ADJ
ajfa-10763	281	12	control	control	NOUN
ajfa-10763	281	13	variables	variable	NOUN
ajfa-10763	281	14	that	that	PRON
ajfa-10763	281	15	have	have	AUX
ajfa-10763	281	16	been	be	AUX
ajfa-10763	281	17	documented	document	VERB
ajfa-10763	281	18	in	in	ADP
ajfa-10763	281	19	prior	prior	ADJ
ajfa-10763	281	20	literature	literature	NOUN
ajfa-10763	281	21	.	.	PUNCT
ajfa-10763	282	1	firm	firm	ADJ
ajfa-10763	282	2	size	size	NOUN
ajfa-10763	282	3	(	(	PUNCT
ajfa-10763	282	4	size	size	NOUN
ajfa-10763	282	5	)	)	PUNCT
ajfa-10763	282	6	,	,	PUNCT
ajfa-10763	282	7	which	which	PRON
ajfa-10763	282	8	is	be	AUX
ajfa-10763	282	9	the	the	DET
ajfa-10763	282	10	logarithm	logarithm	NOUN
ajfa-10763	282	11	of	of	ADP
ajfa-10763	282	12	total	total	ADJ
ajfa-10763	282	13	assets	asset	NOUN
ajfa-10763	282	14	and	and	CCONJ
ajfa-10763	282	15	is	be	AUX
ajfa-10763	282	16	expected	expect	VERB
ajfa-10763	282	17	to	to	PART
ajfa-10763	282	18	be	be	AUX
ajfa-10763	282	19	positively	positively	ADV
ajfa-10763	282	20	associated	associate	VERB
ajfa-10763	282	21	with	with	ADP
ajfa-10763	282	22	level	level	NOUN
ajfa-10763	282	23	3	3	NUM
ajfa-10763	282	24	fair	fair	ADJ
ajfa-10763	282	25	values	value	NOUN
ajfa-10763	282	26	(	(	PUNCT
ajfa-10763	282	27	beatty	beatty	PROPN
ajfa-10763	282	28	et	et	PROPN
ajfa-10763	282	29	al	al	PROPN
ajfa-10763	282	30	.	.	PROPN
ajfa-10763	282	31	,	,	PUNCT
ajfa-10763	282	32	2002	2002	NUM
ajfa-10763	282	33	)	)	PUNCT
ajfa-10763	282	34	.	.	PUNCT
ajfa-10763	283	1	firm	firm	ADJ
ajfa-10763	283	2	leverage	leverage	NOUN
ajfa-10763	283	3	(	(	PUNCT
ajfa-10763	283	4	lev	lev	NOUN
ajfa-10763	283	5	)	)	PUNCT
ajfa-10763	283	6	is	be	AUX
ajfa-10763	283	7	the	the	DET
ajfa-10763	283	8	ratio	ratio	NOUN
ajfa-10763	283	9	of	of	ADP
ajfa-10763	283	10	total	total	ADJ
ajfa-10763	283	11	liability	liability	NOUN
ajfa-10763	283	12	to	to	ADP
ajfa-10763	283	13	total	total	ADJ
ajfa-10763	283	14	assets	asset	NOUN
ajfa-10763	283	15	(	(	PUNCT
ajfa-10763	283	16	fiechter	fiechter	NOUN
ajfa-10763	283	17	and	and	CCONJ
ajfa-10763	283	18	meyer	meyer	PROPN
ajfa-10763	283	19	,	,	PUNCT
ajfa-10763	283	20	2011	2011	NUM
ajfa-10763	283	21	)	)	PUNCT
ajfa-10763	283	22	.	.	PUNCT
ajfa-10763	284	1	this	this	DET
ajfa-10763	284	2	paper	paper	NOUN
ajfa-10763	284	3	controls	control	VERB
ajfa-10763	284	4	the	the	DET
ajfa-10763	284	5	banks	bank	NOUN
ajfa-10763	284	6	'	'	PART
ajfa-10763	284	7	asian	asian	ADJ
ajfa-10763	284	8	journal	journal	NOUN
ajfa-10763	284	9	of	of	ADP
ajfa-10763	284	10	finance	finance	PROPN
ajfa-10763	284	11	&	&	CCONJ
ajfa-10763	284	12	accounting	accounting	PROPN
ajfa-10763	284	13	issn	issn	PROPN
ajfa-10763	284	14	1946	1946	NUM
ajfa-10763	284	15	-	-	PUNCT
ajfa-10763	284	16	052x	052x	PROPN
ajfa-10763	284	17	2017	2017	NUM
ajfa-10763	284	18	,	,	PUNCT
ajfa-10763	284	19	vol	vol	NOUN
ajfa-10763	284	20	.	.	NOUN
ajfa-10763	284	21	9	9	NUM
ajfa-10763	284	22	,	,	PUNCT
ajfa-10763	284	23	no	no	INTJ
ajfa-10763	284	24	.	.	NOUN
ajfa-10763	284	25	1	1	NUM
ajfa-10763	284	26	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	284	27	145	145	NUM
ajfa-10763	284	28	leverage	leverage	NOUN
ajfa-10763	284	29	due	due	ADP
ajfa-10763	284	30	to	to	ADP
ajfa-10763	284	31	the	the	DET
ajfa-10763	284	32	fact	fact	NOUN
ajfa-10763	284	33	that	that	SCONJ
ajfa-10763	284	34	a	a	DET
ajfa-10763	284	35	bank	bank	NOUN
ajfa-10763	284	36	's	's	PART
ajfa-10763	284	37	capital	capital	NOUN
ajfa-10763	284	38	structure	structure	NOUN
ajfa-10763	284	39	can	can	AUX
ajfa-10763	284	40	affect	affect	VERB
ajfa-10763	284	41	its	its	PRON
ajfa-10763	284	42	structure	structure	NOUN
ajfa-10763	284	43	of	of	ADP
ajfa-10763	284	44	fair	fair	ADJ
ajfa-10763	284	45	value	value	NOUN
ajfa-10763	284	46	assets	asset	NOUN
ajfa-10763	284	47	to	to	PART
ajfa-10763	284	48	meet	meet	VERB
ajfa-10763	284	49	covenants	covenant	NOUN
ajfa-10763	284	50	’	'	PUNCT
ajfa-10763	284	51	requirements	requirement	NOUN
ajfa-10763	284	52	.	.	PUNCT
ajfa-10763	285	1	in	in	ADP
ajfa-10763	285	2	addition	addition	NOUN
ajfa-10763	285	3	,	,	PUNCT
ajfa-10763	285	4	jensen	jensen	PROPN
ajfa-10763	285	5	and	and	CCONJ
ajfa-10763	285	6	meckling	meckling	NOUN
ajfa-10763	285	7	(	(	PUNCT
ajfa-10763	285	8	1976	1976	NUM
ajfa-10763	285	9	)	)	PUNCT
ajfa-10763	285	10	conclude	conclude	VERB
ajfa-10763	285	11	high	high	ADJ
ajfa-10763	285	12	-	-	PUNCT
ajfa-10763	285	13	leverage	leverage	NOUN
ajfa-10763	285	14	banks	bank	NOUN
ajfa-10763	285	15	will	will	AUX
ajfa-10763	285	16	have	have	VERB
ajfa-10763	285	17	stronger	strong	ADJ
ajfa-10763	285	18	incentives	incentive	NOUN
ajfa-10763	285	19	to	to	PART
ajfa-10763	285	20	undertake	undertake	VERB
ajfa-10763	285	21	riskier	risky	ADJ
ajfa-10763	285	22	projects	project	NOUN
ajfa-10763	285	23	(	(	PUNCT
ajfa-10763	285	24	ex	ex	NOUN
ajfa-10763	285	25	:	:	PUNCT
ajfa-10763	285	26	more	more	ADJ
ajfa-10763	285	27	level	level	NOUN
ajfa-10763	285	28	3	3	NUM
ajfa-10763	285	29	inputs	input	NOUN
ajfa-10763	285	30	)	)	PUNCT
ajfa-10763	285	31	.	.	PUNCT
ajfa-10763	286	1	firm	firm	ADJ
ajfa-10763	286	2	performance	performance	NOUN
ajfa-10763	286	3	(	(	PUNCT
ajfa-10763	286	4	roa	roa	NOUN
ajfa-10763	286	5	)	)	PUNCT
ajfa-10763	286	6	is	be	AUX
ajfa-10763	286	7	the	the	DET
ajfa-10763	286	8	net	net	ADJ
ajfa-10763	286	9	income	income	NOUN
ajfa-10763	286	10	divided	divide	VERB
ajfa-10763	286	11	by	by	ADP
ajfa-10763	286	12	the	the	DET
ajfa-10763	286	13	total	total	ADJ
ajfa-10763	286	14	assets	asset	NOUN
ajfa-10763	286	15	.	.	PUNCT
ajfa-10763	287	1	roa	roa	PROPN
ajfa-10763	287	2	is	be	AUX
ajfa-10763	287	3	expected	expect	VERB
ajfa-10763	287	4	to	to	PART
ajfa-10763	287	5	be	be	AUX
ajfa-10763	287	6	negatively	negatively	ADV
ajfa-10763	287	7	associated	associate	VERB
ajfa-10763	287	8	with	with	ADP
ajfa-10763	287	9	level	level	NOUN
ajfa-10763	287	10	3	3	NUM
ajfa-10763	287	11	fair	fair	ADJ
ajfa-10763	287	12	values	value	NOUN
ajfa-10763	287	13	because	because	SCONJ
ajfa-10763	287	14	the	the	DET
ajfa-10763	287	15	managers	manager	NOUN
ajfa-10763	287	16	have	have	VERB
ajfa-10763	287	17	a	a	DET
ajfa-10763	287	18	greater	great	ADJ
ajfa-10763	287	19	incentive	incentive	NOUN
ajfa-10763	287	20	to	to	PART
ajfa-10763	287	21	engage	engage	VERB
ajfa-10763	287	22	level	level	NOUN
ajfa-10763	287	23	3	3	NUM
ajfa-10763	287	24	inputs	input	NOUN
ajfa-10763	287	25	for	for	ADP
ajfa-10763	287	26	firms	firm	NOUN
ajfa-10763	287	27	with	with	ADP
ajfa-10763	287	28	poor	poor	ADJ
ajfa-10763	287	29	performance	performance	NOUN
ajfa-10763	287	30	(	(	PUNCT
ajfa-10763	287	31	chong	chong	PROPN
ajfa-10763	287	32	et	et	PROPN
ajfa-10763	287	33	al	al	PROPN
ajfa-10763	287	34	.	.	PROPN
ajfa-10763	287	35	,	,	PUNCT
ajfa-10763	287	36	2012	2012	NUM
ajfa-10763	287	37	)	)	PUNCT
ajfa-10763	287	38	.	.	PUNCT
ajfa-10763	288	1	firm	firm	ADJ
ajfa-10763	288	2	cash	cash	NOUN
ajfa-10763	288	3	flow	flow	NOUN
ajfa-10763	288	4	(	(	PUNCT
ajfa-10763	288	5	ocf	ocf	PROPN
ajfa-10763	288	6	)	)	PUNCT
ajfa-10763	288	7	is	be	AUX
ajfa-10763	288	8	the	the	DET
ajfa-10763	288	9	operating	operate	VERB
ajfa-10763	288	10	cash	cash	NOUN
ajfa-10763	288	11	flows	flow	NOUN
ajfa-10763	288	12	scaled	scale	VERB
ajfa-10763	288	13	by	by	ADP
ajfa-10763	288	14	the	the	DET
ajfa-10763	288	15	total	total	ADJ
ajfa-10763	288	16	assets	asset	NOUN
ajfa-10763	288	17	and	and	CCONJ
ajfa-10763	288	18	is	be	AUX
ajfa-10763	288	19	expected	expect	VERB
ajfa-10763	288	20	to	to	PART
ajfa-10763	288	21	be	be	AUX
ajfa-10763	288	22	negatively	negatively	ADV
ajfa-10763	288	23	associated	associate	VERB
ajfa-10763	288	24	with	with	ADP
ajfa-10763	288	25	level	level	NOUN
ajfa-10763	288	26	3	3	NUM
ajfa-10763	288	27	fair	fair	ADJ
ajfa-10763	288	28	values	value	NOUN
ajfa-10763	288	29	because	because	SCONJ
ajfa-10763	288	30	firms	firm	NOUN
ajfa-10763	288	31	with	with	ADP
ajfa-10763	288	32	less	less	ADJ
ajfa-10763	288	33	cash	cash	NOUN
ajfa-10763	288	34	flow	flow	NOUN
ajfa-10763	288	35	from	from	ADP
ajfa-10763	288	36	operation	operation	NOUN
ajfa-10763	288	37	to	to	PART
ajfa-10763	288	38	use	use	VERB
ajfa-10763	288	39	more	more	ADJ
ajfa-10763	288	40	level	level	NOUN
ajfa-10763	288	41	3	3	NUM
ajfa-10763	288	42	input	input	NOUN
ajfa-10763	288	43	(	(	PUNCT
ajfa-10763	288	44	chong	chong	PROPN
ajfa-10763	288	45	et	et	PROPN
ajfa-10763	288	46	al	al	PROPN
ajfa-10763	288	47	.	.	PROPN
ajfa-10763	288	48	,	,	PUNCT
ajfa-10763	288	49	2012	2012	NUM
ajfa-10763	288	50	)	)	PUNCT
ajfa-10763	288	51	.	.	PUNCT
ajfa-10763	289	1	allowance	allowance	NOUN
ajfa-10763	289	2	for	for	ADP
ajfa-10763	289	3	loan	loan	NOUN
ajfa-10763	289	4	loss	loss	NOUN
ajfa-10763	289	5	(	(	PUNCT
ajfa-10763	289	6	afll	afll	ADJ
ajfa-10763	289	7	)	)	PUNCT
ajfa-10763	289	8	,	,	PUNCT
ajfa-10763	289	9	which	which	PRON
ajfa-10763	289	10	is	be	AUX
ajfa-10763	289	11	the	the	DET
ajfa-10763	289	12	allowance	allowance	NOUN
ajfa-10763	289	13	for	for	ADP
ajfa-10763	289	14	loan	loan	NOUN
ajfa-10763	289	15	loss	loss	NOUN
ajfa-10763	289	16	scaled	scale	VERB
ajfa-10763	289	17	by	by	ADP
ajfa-10763	289	18	the	the	DET
ajfa-10763	289	19	total	total	ADJ
ajfa-10763	289	20	assets	asset	NOUN
ajfa-10763	289	21	.	.	PUNCT
ajfa-10763	290	1	loan	loan	NOUN
ajfa-10763	290	2	loss	loss	NOUN
ajfa-10763	290	3	provision	provision	NOUN
ajfa-10763	290	4	(	(	PUNCT
ajfa-10763	290	5	pfll	pfll	PROPN
ajfa-10763	290	6	)	)	PUNCT
ajfa-10763	290	7	,	,	PUNCT
ajfa-10763	290	8	which	which	PRON
ajfa-10763	290	9	is	be	AUX
ajfa-10763	290	10	the	the	DET
ajfa-10763	290	11	provision	provision	NOUN
ajfa-10763	290	12	for	for	ADP
ajfa-10763	290	13	loan	loan	NOUN
ajfa-10763	290	14	loss	loss	NOUN
ajfa-10763	290	15	scaled	scale	VERB
ajfa-10763	290	16	by	by	ADP
ajfa-10763	290	17	the	the	DET
ajfa-10763	290	18	net	net	ADJ
ajfa-10763	290	19	income	income	NOUN
ajfa-10763	290	20	and	and	CCONJ
ajfa-10763	290	21	is	be	AUX
ajfa-10763	290	22	expected	expect	VERB
ajfa-10763	290	23	to	to	PART
ajfa-10763	290	24	be	be	AUX
ajfa-10763	290	25	positively	positively	ADV
ajfa-10763	290	26	associated	associate	VERB
ajfa-10763	290	27	with	with	ADP
ajfa-10763	290	28	level	level	NOUN
ajfa-10763	290	29	3	3	NUM
ajfa-10763	290	30	fair	fair	ADJ
ajfa-10763	290	31	values	value	NOUN
ajfa-10763	290	32	(	(	PUNCT
ajfa-10763	290	33	moyer	moyer	PROPN
ajfa-10763	290	34	,	,	PUNCT
ajfa-10763	290	35	1990	1990	NUM
ajfa-10763	290	36	;	;	PUNCT
ajfa-10763	290	37	clinch	clinch	NOUN
ajfa-10763	290	38	and	and	CCONJ
ajfa-10763	290	39	magliolo	magliolo	NOUN
ajfa-10763	290	40	,	,	PUNCT
ajfa-10763	290	41	1993	1993	NUM
ajfa-10763	290	42	;	;	PUNCT
ajfa-10763	290	43	valencia	valencia	PROPN
ajfa-10763	290	44	,	,	PUNCT
ajfa-10763	290	45	2011	2011	NUM
ajfa-10763	290	46	)	)	PUNCT
ajfa-10763	290	47	.	.	PUNCT
ajfa-10763	291	1	3.3	3.3	NUM
ajfa-10763	291	2	sample	sample	NOUN
ajfa-10763	291	3	selection	selection	NOUN
ajfa-10763	291	4	and	and	CCONJ
ajfa-10763	291	5	data	datum	NOUN
ajfa-10763	291	6	sources	source	NOUN
ajfa-10763	291	7	this	this	DET
ajfa-10763	291	8	paper	paper	NOUN
ajfa-10763	291	9	focuses	focus	VERB
ajfa-10763	291	10	on	on	ADP
ajfa-10763	291	11	the	the	DET
ajfa-10763	291	12	banking	banking	NOUN
ajfa-10763	291	13	industry,4	industry,4	VERB
ajfa-10763	291	14	where	where	SCONJ
ajfa-10763	291	15	firms	firm	NOUN
ajfa-10763	291	16	have	have	VERB
ajfa-10763	291	17	significant	significant	ADJ
ajfa-10763	291	18	amounts	amount	NOUN
ajfa-10763	291	19	of	of	ADP
ajfa-10763	291	20	fair	fair	ADJ
ajfa-10763	291	21	value	value	NOUN
ajfa-10763	291	22	assets	asset	NOUN
ajfa-10763	291	23	and	and	CCONJ
ajfa-10763	291	24	liabilities	liability	NOUN
ajfa-10763	291	25	(	(	PUNCT
ajfa-10763	291	26	song	song	NOUN
ajfa-10763	291	27	et	et	PROPN
ajfa-10763	291	28	al	al	PROPN
ajfa-10763	291	29	.	.	PROPN
ajfa-10763	291	30	,	,	PUNCT
ajfa-10763	291	31	2010	2010	NUM
ajfa-10763	291	32	;	;	PUNCT
ajfa-10763	291	33	riedl	riedl	PROPN
ajfa-10763	291	34	and	and	CCONJ
ajfa-10763	291	35	serafeim	serafeim	NOUN
ajfa-10763	291	36	,	,	PUNCT
ajfa-10763	291	37	2011	2011	NUM
ajfa-10763	291	38	)	)	PUNCT
ajfa-10763	291	39	from	from	ADP
ajfa-10763	291	40	2008	2008	NUM
ajfa-10763	291	41	to	to	ADP
ajfa-10763	291	42	2011	2011	NUM
ajfa-10763	291	43	.	.	PUNCT
ajfa-10763	292	1	the	the	DET
ajfa-10763	292	2	gains	gain	NOUN
ajfa-10763	292	3	from	from	ADP
ajfa-10763	292	4	level	level	NOUN
ajfa-10763	292	5	3	3	NUM
ajfa-10763	292	6	fair	fair	ADJ
ajfa-10763	292	7	values	value	NOUN
ajfa-10763	292	8	disclosed	disclose	VERB
ajfa-10763	292	9	in	in	ADP
ajfa-10763	292	10	the	the	DET
ajfa-10763	292	11	form	form	NOUN
ajfa-10763	292	12	10	10	NUM
ajfa-10763	292	13	-	-	SYM
ajfa-10763	292	14	k	k	NOUN
ajfa-10763	292	15	are	be	AUX
ajfa-10763	292	16	hand	hand	NOUN
ajfa-10763	292	17	collected	collect	VERB
ajfa-10763	292	18	individually	individually	ADV
ajfa-10763	292	19	.	.	PUNCT
ajfa-10763	293	1	to	to	PART
ajfa-10763	293	2	be	be	AUX
ajfa-10763	293	3	included	include	VERB
ajfa-10763	293	4	in	in	ADP
ajfa-10763	293	5	the	the	DET
ajfa-10763	293	6	sample	sample	NOUN
ajfa-10763	293	7	,	,	PUNCT
ajfa-10763	293	8	firms	firm	NOUN
ajfa-10763	293	9	must	must	AUX
ajfa-10763	293	10	provide	provide	VERB
ajfa-10763	293	11	the	the	DET
ajfa-10763	293	12	fair	fair	ADJ
ajfa-10763	293	13	value	value	NOUN
ajfa-10763	293	14	hierarchy	hierarchy	NOUN
ajfa-10763	293	15	disclosure	disclosure	NOUN
ajfa-10763	293	16	for	for	ADP
ajfa-10763	293	17	the	the	DET
ajfa-10763	293	18	fiscal	fiscal	ADJ
ajfa-10763	293	19	years	year	NOUN
ajfa-10763	293	20	beginning	begin	VERB
ajfa-10763	293	21	after	after	ADP
ajfa-10763	293	22	november	november	PROPN
ajfa-10763	293	23	15	15	NUM
ajfa-10763	293	24	,	,	PUNCT
ajfa-10763	293	25	2007	2007	NUM
ajfa-10763	293	26	.	.	PUNCT
ajfa-10763	294	1	although	although	SCONJ
ajfa-10763	294	2	the	the	DET
ajfa-10763	294	3	firms	firm	NOUN
ajfa-10763	294	4	disclose	disclose	VERB
ajfa-10763	294	5	level	level	NOUN
ajfa-10763	294	6	3	3	NUM
ajfa-10763	294	7	fair	fair	ADJ
ajfa-10763	294	8	value	value	NOUN
ajfa-10763	294	9	information	information	NOUN
ajfa-10763	294	10	(	(	PUNCT
ajfa-10763	294	11	as	as	SCONJ
ajfa-10763	294	12	shown	show	VERB
ajfa-10763	294	13	in	in	ADP
ajfa-10763	294	14	appendix	appendix	NOUN
ajfa-10763	294	15	)	)	PUNCT
ajfa-10763	294	16	,	,	PUNCT
ajfa-10763	294	17	there	there	PRON
ajfa-10763	294	18	are	be	VERB
ajfa-10763	294	19	some	some	PRON
ajfa-10763	294	20	in	in	ADP
ajfa-10763	294	21	the	the	DET
ajfa-10763	294	22	sample	sample	NOUN
ajfa-10763	294	23	that	that	PRON
ajfa-10763	294	24	report	report	VERB
ajfa-10763	294	25	no	no	DET
ajfa-10763	294	26	level	level	NOUN
ajfa-10763	294	27	3	3	NUM
ajfa-10763	294	28	fair	fair	ADJ
ajfa-10763	294	29	values	value	NOUN
ajfa-10763	294	30	,	,	PUNCT
ajfa-10763	294	31	and	and	CCONJ
ajfa-10763	294	32	thus	thus	ADV
ajfa-10763	294	33	,	,	PUNCT
ajfa-10763	294	34	the	the	DET
ajfa-10763	294	35	value	value	NOUN
ajfa-10763	294	36	for	for	ADP
ajfa-10763	294	37	level	level	NOUN
ajfa-10763	294	38	3	3	NUM
ajfa-10763	294	39	fair	fair	ADJ
ajfa-10763	294	40	values	value	NOUN
ajfa-10763	294	41	may	may	AUX
ajfa-10763	294	42	be	be	AUX
ajfa-10763	294	43	zero	zero	NUM
ajfa-10763	294	44	.	.	PUNCT
ajfa-10763	295	1	however	however	ADV
ajfa-10763	295	2	,	,	PUNCT
ajfa-10763	295	3	the	the	DET
ajfa-10763	295	4	zero	zero	NUM
ajfa-10763	295	5	value	value	NOUN
ajfa-10763	295	6	for	for	ADP
ajfa-10763	295	7	the	the	DET
ajfa-10763	295	8	context	context	NOUN
ajfa-10763	295	9	is	be	AUX
ajfa-10763	295	10	meaningful	meaningful	ADJ
ajfa-10763	295	11	.	.	PUNCT
ajfa-10763	296	1	in	in	ADP
ajfa-10763	296	2	addition	addition	NOUN
ajfa-10763	296	3	,	,	PUNCT
ajfa-10763	296	4	other	other	ADJ
ajfa-10763	296	5	financial	financial	ADJ
ajfa-10763	296	6	data	datum	NOUN
ajfa-10763	296	7	,	,	PUNCT
ajfa-10763	296	8	annual	annual	ADJ
ajfa-10763	296	9	stock	stock	NOUN
ajfa-10763	296	10	returns	return	NOUN
ajfa-10763	296	11	,	,	PUNCT
ajfa-10763	296	12	ceo	ceo	NOUN
ajfa-10763	296	13	overconfidence	overconfidence	NOUN
ajfa-10763	296	14	,	,	PUNCT
ajfa-10763	296	15	and	and	CCONJ
ajfa-10763	296	16	corporate	corporate	ADJ
ajfa-10763	296	17	governance	governance	NOUN
ajfa-10763	296	18	data	datum	NOUN
ajfa-10763	296	19	are	be	AUX
ajfa-10763	296	20	obtained	obtain	VERB
ajfa-10763	296	21	from	from	ADP
ajfa-10763	296	22	compustat	compustat	NOUN
ajfa-10763	296	23	,	,	PUNCT
ajfa-10763	296	24	the	the	DET
ajfa-10763	296	25	center	center	NOUN
ajfa-10763	296	26	for	for	ADP
ajfa-10763	296	27	research	research	NOUN
ajfa-10763	296	28	in	in	ADP
ajfa-10763	296	29	security	security	NOUN
ajfa-10763	296	30	prices	price	NOUN
ajfa-10763	296	31	(	(	PUNCT
ajfa-10763	296	32	crsp	crsp	NOUN
ajfa-10763	296	33	)	)	PUNCT
ajfa-10763	296	34	,	,	PUNCT
ajfa-10763	296	35	execucomp	execucomp	NOUN
ajfa-10763	296	36	,	,	PUNCT
ajfa-10763	296	37	and	and	CCONJ
ajfa-10763	296	38	riskmetrics	riskmetric	NOUN
ajfa-10763	296	39	,	,	PUNCT
ajfa-10763	296	40	respectively	respectively	ADV
ajfa-10763	296	41	.	.	PUNCT
ajfa-10763	297	1	the	the	DET
ajfa-10763	297	2	following	follow	VERB
ajfa-10763	297	3	restrictions	restriction	NOUN
ajfa-10763	297	4	on	on	ADP
ajfa-10763	297	5	the	the	DET
ajfa-10763	297	6	sample	sample	NOUN
ajfa-10763	297	7	are	be	AUX
ajfa-10763	297	8	imposed	impose	VERB
ajfa-10763	297	9	:	:	PUNCT
ajfa-10763	297	10	(	(	PUNCT
ajfa-10763	297	11	1	1	X
ajfa-10763	297	12	)	)	PUNCT
ajfa-10763	297	13	observations	observation	NOUN
ajfa-10763	297	14	that	that	PRON
ajfa-10763	297	15	could	could	AUX
ajfa-10763	297	16	not	not	PART
ajfa-10763	297	17	be	be	AUX
ajfa-10763	297	18	matched	match	VERB
ajfa-10763	297	19	with	with	ADP
ajfa-10763	297	20	crsp	crsp	PROPN
ajfa-10763	297	21	,	,	PUNCT
ajfa-10763	297	22	(	(	PUNCT
ajfa-10763	297	23	2	2	X
ajfa-10763	297	24	)	)	PUNCT
ajfa-10763	297	25	observations	observation	NOUN
ajfa-10763	297	26	with	with	ADP
ajfa-10763	297	27	insufficient	insufficient	ADJ
ajfa-10763	297	28	compustat	compustat	NOUN
ajfa-10763	297	29	,	,	PUNCT
ajfa-10763	297	30	execucomp	execucomp	NOUN
ajfa-10763	297	31	and	and	CCONJ
ajfa-10763	297	32	riskmetrics	riskmetric	NOUN
ajfa-10763	297	33	data	datum	NOUN
ajfa-10763	297	34	and	and	CCONJ
ajfa-10763	297	35	(	(	PUNCT
ajfa-10763	297	36	3	3	X
ajfa-10763	297	37	)	)	PUNCT
ajfa-10763	297	38	outliers	outlier	NOUN
ajfa-10763	297	39	.	.	PUNCT
ajfa-10763	298	1	according	accord	VERB
ajfa-10763	298	2	to	to	ADP
ajfa-10763	298	3	kleinbaum	kleinbaum	PROPN
ajfa-10763	298	4	,	,	PUNCT
ajfa-10763	298	5	kupper	kupper	NOUN
ajfa-10763	298	6	and	and	CCONJ
ajfa-10763	298	7	muller	muller	NOUN
ajfa-10763	298	8	(	(	PUNCT
ajfa-10763	298	9	1988	1988	NUM
ajfa-10763	298	10	)	)	PUNCT
ajfa-10763	298	11	,	,	PUNCT
ajfa-10763	298	12	a	a	DET
ajfa-10763	298	13	studentized	studentize	VERB
ajfa-10763	298	14	residual	residual	ADJ
ajfa-10763	298	15	greater	great	ADJ
ajfa-10763	298	16	than	than	ADP
ajfa-10763	298	17	3.0	3.0	NUM
ajfa-10763	298	18	is	be	AUX
ajfa-10763	298	19	highly	highly	ADV
ajfa-10763	298	20	indicative	indicative	ADJ
ajfa-10763	298	21	of	of	ADP
ajfa-10763	298	22	an	an	DET
ajfa-10763	298	23	outlier	outlier	NOUN
ajfa-10763	298	24	.	.	PUNCT
ajfa-10763	299	1	4	4	X
ajfa-10763	299	2	.	.	X
ajfa-10763	299	3	empirical	empirical	ADJ
ajfa-10763	299	4	results	result	NOUN
ajfa-10763	299	5	4.1	4.1	NUM
ajfa-10763	299	6	descriptive	descriptive	ADJ
ajfa-10763	299	7	statistics	statistic	NOUN
ajfa-10763	299	8	table	table	NOUN
ajfa-10763	299	9	1	1	NUM
ajfa-10763	299	10	presents	present	VERB
ajfa-10763	299	11	descriptive	descriptive	ADJ
ajfa-10763	299	12	statistics	statistic	NOUN
ajfa-10763	299	13	for	for	ADP
ajfa-10763	299	14	the	the	DET
ajfa-10763	299	15	variables	variable	NOUN
ajfa-10763	299	16	.	.	PUNCT
ajfa-10763	300	1	the	the	DET
ajfa-10763	300	2	mean	mean	NOUN
ajfa-10763	300	3	and	and	CCONJ
ajfa-10763	300	4	median	median	NOUN
ajfa-10763	300	5	of	of	ADP
ajfa-10763	300	6	level	level	NOUN
ajfa-10763	300	7	3	3	NUM
ajfa-10763	300	8	fair	fair	ADJ
ajfa-10763	300	9	assets	asset	NOUN
ajfa-10763	300	10	(	(	PUNCT
ajfa-10763	300	11	level3	level3	PROPN
ajfa-10763	300	12	)	)	PUNCT
ajfa-10763	300	13	are	be	AUX
ajfa-10763	300	14	0.048	0.048	NUM
ajfa-10763	300	15	and	and	CCONJ
ajfa-10763	300	16	0.012	0.012	NUM
ajfa-10763	300	17	,	,	PUNCT
ajfa-10763	300	18	respectively	respectively	ADV
ajfa-10763	300	19	.	.	PUNCT
ajfa-10763	301	1	the	the	DET
ajfa-10763	301	2	results	result	NOUN
ajfa-10763	301	3	show	show	VERB
ajfa-10763	301	4	,	,	PUNCT
ajfa-10763	301	5	on	on	ADP
ajfa-10763	301	6	average	average	ADJ
ajfa-10763	301	7	,	,	PUNCT
ajfa-10763	301	8	4.8	4.8	NUM
ajfa-10763	301	9	percent	percent	NOUN
ajfa-10763	301	10	of	of	ADP
ajfa-10763	301	11	the	the	DET
ajfa-10763	301	12	assets	asset	NOUN
ajfa-10763	301	13	use	use	VERB
ajfa-10763	301	14	level	level	NOUN
ajfa-10763	301	15	3	3	NUM
ajfa-10763	301	16	fair	fair	ADJ
ajfa-10763	301	17	value	value	NOUN
ajfa-10763	301	18	.	.	PUNCT
ajfa-10763	302	1	the	the	DET
ajfa-10763	302	2	mean	mean	NOUN
ajfa-10763	302	3	of	of	ADP
ajfa-10763	302	4	gains	gain	NOUN
ajfa-10763	302	5	from	from	ADP
ajfa-10763	302	6	level	level	NOUN
ajfa-10763	302	7	3	3	NUM
ajfa-10763	302	8	fair	fair	ADJ
ajfa-10763	302	9	assets	asset	NOUN
ajfa-10763	302	10	(	(	PUNCT
ajfa-10763	302	11	level3_gain	level3_gain	PROPN
ajfa-10763	302	12	)	)	PUNCT
ajfa-10763	302	13	is	be	AUX
ajfa-10763	302	14	0.001	0.001	NUM
ajfa-10763	302	15	.	.	PUNCT
ajfa-10763	303	1	for	for	ADP
ajfa-10763	303	2	the	the	DET
ajfa-10763	303	3	ceo	ceo	NOUN
ajfa-10763	303	4	overconfidence	overconfidence	NOUN
ajfa-10763	303	5	variables	variable	VERB
ajfa-10763	303	6	,	,	PUNCT
ajfa-10763	303	7	3.5	3.5	NUM
ajfa-10763	303	8	%	%	NOUN
ajfa-10763	303	9	ceo	ceo	NOUN
ajfa-10763	303	10	’s	’s	PART
ajfa-10763	303	11	net	net	ADJ
ajfa-10763	303	12	purchase	purchase	NOUN
ajfa-10763	303	13	(	(	PUNCT
ajfa-10763	303	14	purchase	purchase	NOUN
ajfa-10763	303	15	)	)	PUNCT
ajfa-10763	303	16	are	be	AUX
ajfa-10763	303	17	in	in	ADP
ajfa-10763	303	18	the	the	DET
ajfa-10763	303	19	top	top	ADJ
ajfa-10763	303	20	quintile	quintile	NOUN
ajfa-10763	303	21	of	of	ADP
ajfa-10763	303	22	the	the	DET
ajfa-10763	303	23	distribution	distribution	NOUN
ajfa-10763	303	24	of	of	ADP
ajfa-10763	303	25	net	net	ADJ
ajfa-10763	303	26	purchases	purchase	NOUN
ajfa-10763	303	27	by	by	ADP
ajfa-10763	303	28	all	all	DET
ajfa-10763	303	29	ceo	ceo	NOUN
ajfa-10763	303	30	and	and	CCONJ
ajfa-10763	303	31	those	those	DET
ajfa-10763	303	32	purchases	purchase	NOUN
ajfa-10763	303	33	increase	increase	VERB
ajfa-10763	303	34	their	their	PRON
ajfa-10763	303	35	ownership	ownership	NOUN
ajfa-10763	303	36	in	in	ADP
ajfa-10763	303	37	the	the	DET
ajfa-10763	303	38	firm	firm	NOUN
ajfa-10763	303	39	by	by	ADP
ajfa-10763	303	40	10	10	NUM
ajfa-10763	303	41	%	%	NOUN
ajfa-10763	303	42	during	during	ADP
ajfa-10763	303	43	the	the	DET
ajfa-10763	303	44	fiscal	fiscal	ADJ
ajfa-10763	303	45	year	year	NOUN
ajfa-10763	303	46	.	.	PUNCT
ajfa-10763	304	1	49.5	49.5	NUM
ajfa-10763	304	2	%	%	NOUN
ajfa-10763	304	3	firm	firm	NOUN
ajfa-10763	304	4	's	's	PART
ajfa-10763	304	5	capital	capital	NOUN
ajfa-10763	304	6	expenditures	expenditure	NOUN
ajfa-10763	304	7	(	(	PUNCT
ajfa-10763	304	8	capex	capex	NOUN
ajfa-10763	304	9	)	)	PUNCT
ajfa-10763	304	10	in	in	ADP
ajfa-10763	304	11	a	a	DET
ajfa-10763	304	12	given	give	VERB
ajfa-10763	304	13	year	year	NOUN
ajfa-10763	304	14	is	be	AUX
ajfa-10763	304	15	greater	great	ADJ
ajfa-10763	304	16	than	than	ADP
ajfa-10763	304	17	the	the	DET
ajfa-10763	304	18	median	median	ADJ
ajfa-10763	304	19	level	level	NOUN
ajfa-10763	304	20	of	of	ADP
ajfa-10763	304	21	capital	capital	NOUN
ajfa-10763	304	22	expenditures	expenditure	NOUN
ajfa-10763	304	23	for	for	ADP
ajfa-10763	304	24	the	the	DET
ajfa-10763	304	25	firm	firm	NOUN
ajfa-10763	304	26	’s	’s	PART
ajfa-10763	304	27	fama	fama	PROPN
ajfa-10763	304	28	-	-	PUNCT
ajfa-10763	304	29	french	french	NOUN
ajfa-10763	304	30	industry	industry	NOUN
ajfa-10763	304	31	in	in	ADP
ajfa-10763	304	32	that	that	DET
ajfa-10763	304	33	year	year	NOUN
ajfa-10763	304	34	.	.	PUNCT
ajfa-10763	305	1	36	36	NUM
ajfa-10763	305	2	%	%	NOUN
ajfa-10763	305	3	firms	firm	NOUN
ajfa-10763	305	4	have	have	AUX
ajfa-10763	305	5	overinvestment	overinvestment	ADJ
ajfa-10763	305	6	(	(	PUNCT
ajfa-10763	305	7	over_invest	over_inv	ADJ
ajfa-10763	305	8	)	)	PUNCT
ajfa-10763	305	9	.	.	PUNCT
ajfa-10763	306	1	table	table	NOUN
ajfa-10763	306	2	1	1	NUM
ajfa-10763	306	3	also	also	ADV
ajfa-10763	306	4	provides	provide	VERB
ajfa-10763	306	5	the	the	DET
ajfa-10763	306	6	descriptive	descriptive	ADJ
ajfa-10763	306	7	statistics	statistic	NOUN
ajfa-10763	306	8	for	for	ADP
ajfa-10763	306	9	4sic	4sic	PROPN
ajfa-10763	306	10	codes	code	NOUN
ajfa-10763	306	11	6020	6020	NUM
ajfa-10763	306	12	,	,	PUNCT
ajfa-10763	306	13	6035	6035	NUM
ajfa-10763	306	14	and	and	CCONJ
ajfa-10763	306	15	6036	6036	NUM
ajfa-10763	306	16	.	.	PUNCT
ajfa-10763	307	1	asian	asian	ADJ
ajfa-10763	307	2	journal	journal	PROPN
ajfa-10763	307	3	of	of	ADP
ajfa-10763	307	4	finance	finance	PROPN
ajfa-10763	307	5	&	&	CCONJ
ajfa-10763	307	6	accounting	accounting	PROPN
ajfa-10763	307	7	issn	issn	PROPN
ajfa-10763	307	8	1946	1946	NUM
ajfa-10763	307	9	-	-	PUNCT
ajfa-10763	307	10	052x	052x	PROPN
ajfa-10763	307	11	2017	2017	NUM
ajfa-10763	307	12	,	,	PUNCT
ajfa-10763	307	13	vol	vol	NOUN
ajfa-10763	307	14	.	.	NOUN
ajfa-10763	307	15	9	9	NUM
ajfa-10763	307	16	,	,	PUNCT
ajfa-10763	307	17	no	no	INTJ
ajfa-10763	307	18	.	.	NOUN
ajfa-10763	307	19	1	1	NUM
ajfa-10763	307	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	307	21	146	146	NUM
ajfa-10763	307	22	corporate	corporate	ADJ
ajfa-10763	307	23	governance	governance	NOUN
ajfa-10763	307	24	variables	variable	NOUN
ajfa-10763	307	25	.	.	PUNCT
ajfa-10763	308	1	on	on	ADP
ajfa-10763	308	2	average	average	ADJ
ajfa-10763	308	3	,	,	PUNCT
ajfa-10763	308	4	76.9	76.9	NUM
ajfa-10763	308	5	%	%	NOUN
ajfa-10763	308	6	firms	firm	NOUN
ajfa-10763	308	7	have	have	VERB
ajfa-10763	308	8	independent	independent	ADJ
ajfa-10763	308	9	directors	director	NOUN
ajfa-10763	308	10	on	on	ADP
ajfa-10763	308	11	the	the	DET
ajfa-10763	308	12	board	board	NOUN
ajfa-10763	308	13	(	(	PUNCT
ajfa-10763	308	14	bd_ind	bd_ind	PROPN
ajfa-10763	308	15	)	)	PUNCT
ajfa-10763	308	16	,	,	PUNCT
ajfa-10763	308	17	42.4	42.4	NUM
ajfa-10763	308	18	%	%	NOUN
ajfa-10763	308	19	ceo	ceo	NOUN
ajfa-10763	308	20	does	do	AUX
ajfa-10763	308	21	not	not	PART
ajfa-10763	308	22	serve	serve	VERB
ajfa-10763	308	23	as	as	ADP
ajfa-10763	308	24	the	the	DET
ajfa-10763	308	25	board	board	NOUN
ajfa-10763	308	26	chair	chair	NOUN
ajfa-10763	308	27	(	(	PUNCT
ajfa-10763	308	28	nodual	nodual	ADJ
ajfa-10763	308	29	)	)	PUNCT
ajfa-10763	308	30	,	,	PUNCT
ajfa-10763	308	31	the	the	DET
ajfa-10763	308	32	average	average	ADJ
ajfa-10763	308	33	service	service	NOUN
ajfa-10763	308	34	years	year	NOUN
ajfa-10763	308	35	of	of	ADP
ajfa-10763	308	36	board	board	NOUN
ajfa-10763	308	37	members	member	NOUN
ajfa-10763	308	38	(	(	PUNCT
ajfa-10763	308	39	bod_ten	bod_ten	VERB
ajfa-10763	308	40	)	)	PUNCT
ajfa-10763	308	41	are	be	AUX
ajfa-10763	308	42	11.237	11.237	NUM
ajfa-10763	308	43	years	year	NOUN
ajfa-10763	308	44	,	,	PUNCT
ajfa-10763	308	45	the	the	DET
ajfa-10763	308	46	average	average	ADJ
ajfa-10763	308	47	number	number	NOUN
ajfa-10763	308	48	of	of	ADP
ajfa-10763	308	49	outside	outside	ADJ
ajfa-10763	308	50	directorships	directorship	NOUN
ajfa-10763	308	51	held	hold	VERB
ajfa-10763	308	52	by	by	ADP
ajfa-10763	308	53	board	board	NOUN
ajfa-10763	308	54	members(bd_dir	members(bd_dir	PROPN
ajfa-10763	308	55	)	)	PUNCT
ajfa-10763	308	56	are	be	AUX
ajfa-10763	308	57	0.368	0.368	NUM
ajfa-10763	308	58	seats	seat	NOUN
ajfa-10763	308	59	.	.	PUNCT
ajfa-10763	309	1	finally	finally	ADV
ajfa-10763	309	2	,	,	PUNCT
ajfa-10763	309	3	table	table	NOUN
ajfa-10763	309	4	1	1	NUM
ajfa-10763	309	5	also	also	ADV
ajfa-10763	309	6	provides	provide	VERB
ajfa-10763	309	7	the	the	DET
ajfa-10763	309	8	descriptive	descriptive	ADJ
ajfa-10763	309	9	statistics	statistic	NOUN
ajfa-10763	309	10	on	on	ADP
ajfa-10763	309	11	the	the	DET
ajfa-10763	309	12	control	control	NOUN
ajfa-10763	309	13	variables	variable	NOUN
ajfa-10763	309	14	.	.	PUNCT
ajfa-10763	310	1	the	the	DET
ajfa-10763	310	2	means	mean	NOUN
ajfa-10763	310	3	and	and	CCONJ
ajfa-10763	310	4	medians	median	NOUN
ajfa-10763	310	5	of	of	ADP
ajfa-10763	310	6	all	all	DET
ajfa-10763	310	7	control	control	NOUN
ajfa-10763	310	8	variables	variable	NOUN
ajfa-10763	310	9	are	be	AUX
ajfa-10763	310	10	not	not	PART
ajfa-10763	310	11	skewed	skewed	ADJ
ajfa-10763	310	12	.	.	PUNCT
ajfa-10763	311	1	table	table	NOUN
ajfa-10763	311	2	1	1	NUM
ajfa-10763	311	3	.	.	PUNCT
ajfa-10763	312	1	descriptive	descriptive	ADJ
ajfa-10763	312	2	statistics	statistic	NOUN
ajfa-10763	312	3	variables	variable	NOUN
ajfa-10763	312	4	n	n	PRON
ajfa-10763	312	5	std	std	X
ajfa-10763	312	6	mean	mean	PROPN
ajfa-10763	312	7	min	min	PROPN
ajfa-10763	312	8	q1	q1	PROPN
ajfa-10763	312	9	q2	q2	PROPN
ajfa-10763	312	10	q3	q3	PROPN
ajfa-10763	312	11	max	max	PROPN
ajfa-10763	312	12	level3	level3	PROPN
ajfa-10763	312	13	283	283	NUM
ajfa-10763	312	14	0.103	0.103	NUM
ajfa-10763	312	15	0.048	0.048	NUM
ajfa-10763	312	16	-0.080	-0.080	NOUN
ajfa-10763	312	17	0.000	0.000	NUM
ajfa-10763	312	18	0.012	0.012	NUM
ajfa-10763	312	19	0.058	0.058	NUM
ajfa-10763	312	20	1.281	1.281	NUM
ajfa-10763	312	21	level3_gain	level3_gain	PROPN
ajfa-10763	312	22	283	283	NUM
ajfa-10763	312	23	0.002	0.002	NUM
ajfa-10763	312	24	0.001	0.001	NUM
ajfa-10763	312	25	0.000	0.000	NUM
ajfa-10763	312	26	0.000	0.000	NUM
ajfa-10763	312	27	0.000	0.000	NUM
ajfa-10763	312	28	0.000	0.000	NUM
ajfa-10763	312	29	0.021	0.021	NUM
ajfa-10763	312	30	purchase	purchase	NOUN
ajfa-10763	312	31	283	283	NUM
ajfa-10763	312	32	0.185	0.185	NUM
ajfa-10763	312	33	0.035	0.035	NUM
ajfa-10763	312	34	0.000	0.000	NUM
ajfa-10763	312	35	0.000	0.000	NUM
ajfa-10763	312	36	0.000	0.000	NUM
ajfa-10763	312	37	0.000	0.000	NUM
ajfa-10763	312	38	1.000	1.000	NUM
ajfa-10763	312	39	capex	capex	NOUN
ajfa-10763	312	40	283	283	NUM
ajfa-10763	312	41	0.501	0.501	NUM
ajfa-10763	312	42	0.495	0.495	NUM
ajfa-10763	312	43	0.000	0.000	NUM
ajfa-10763	312	44	0.000	0.000	NUM
ajfa-10763	312	45	0.000	0.000	NUM
ajfa-10763	312	46	1.000	1.000	NUM
ajfa-10763	312	47	1.000	1.000	NUM
ajfa-10763	312	48	overinvest	overinv	ADJ
ajfa-10763	312	49	283	283	NUM
ajfa-10763	312	50	0.481	0.481	NUM
ajfa-10763	312	51	0.360	0.360	NUM
ajfa-10763	312	52	0.000	0.000	NUM
ajfa-10763	312	53	0.000	0.000	NUM
ajfa-10763	312	54	0.000	0.000	NUM
ajfa-10763	312	55	1.000	1.000	NUM
ajfa-10763	312	56	1.000	1.000	NUM
ajfa-10763	312	57	hi_over	hi_over	ADP
ajfa-10763	312	58	283	283	NUM
ajfa-10763	312	59	0.474	0.474	NUM
ajfa-10763	312	60	0.661	0.661	NUM
ajfa-10763	312	61	0.000	0.000	NUM
ajfa-10763	312	62	0.000	0.000	NUM
ajfa-10763	312	63	1.000	1.000	NUM
ajfa-10763	312	64	1.000	1.000	NUM
ajfa-10763	312	65	1.000	1.000	NUM
ajfa-10763	312	66	bd_ind	bd_ind	NOUN
ajfa-10763	312	67	283	283	NUM
ajfa-10763	312	68	0.118	0.118	NUM
ajfa-10763	312	69	0.769	0.769	NUM
ajfa-10763	312	70	0.333	0.333	NUM
ajfa-10763	312	71	0.667	0.667	NUM
ajfa-10763	312	72	0.800	0.800	NUM
ajfa-10763	312	73	0.857	0.857	NUM
ajfa-10763	312	74	1.000	1.000	NUM
ajfa-10763	312	75	nodual	nodual	ADJ
ajfa-10763	312	76	283	283	NUM
ajfa-10763	312	77	0.495	0.495	NUM
ajfa-10763	312	78	0.424	0.424	NUM
ajfa-10763	312	79	0.000	0.000	NUM
ajfa-10763	312	80	0.000	0.000	NUM
ajfa-10763	312	81	0.000	0.000	NUM
ajfa-10763	312	82	1.000	1.000	NUM
ajfa-10763	312	83	1.000	1.000	NUM
ajfa-10763	312	84	bod_ten	bod_ten	VERB
ajfa-10763	312	85	283	283	NUM
ajfa-10763	312	86	3.665	3.665	NUM
ajfa-10763	312	87	11.237	11.237	NUM
ajfa-10763	312	88	3.000	3.000	NUM
ajfa-10763	312	89	8.727	8.727	NUM
ajfa-10763	312	90	11.182	11.182	NUM
ajfa-10763	312	91	13.222	13.222	NUM
ajfa-10763	312	92	24.333	24.333	NUM
ajfa-10763	312	93	bd_dir	bd_dir	NOUN
ajfa-10763	312	94	283	283	NUM
ajfa-10763	312	95	0.454	0.454	NUM
ajfa-10763	312	96	0.368	0.368	NUM
ajfa-10763	312	97	0.000	0.000	NUM
ajfa-10763	312	98	0.000	0.000	NUM
ajfa-10763	312	99	0.167	0.167	NUM
ajfa-10763	312	100	0.667	0.667	NUM
ajfa-10763	312	101	2.000	2.000	NUM
ajfa-10763	312	102	hi_cg	hi_cg	NOUN
ajfa-10763	312	103	283	283	NUM
ajfa-10763	312	104	0.501	0.501	NUM
ajfa-10763	312	105	0.498	0.498	NUM
ajfa-10763	312	106	0.000	0.000	NUM
ajfa-10763	312	107	0.000	0.000	NUM
ajfa-10763	312	108	0.000	0.000	NUM
ajfa-10763	312	109	1.000	1.000	NUM
ajfa-10763	312	110	1.000	1.000	NUM
ajfa-10763	312	111	size	size	NOUN
ajfa-10763	312	112	283	283	NUM
ajfa-10763	312	113	1.476	1.476	NUM
ajfa-10763	312	114	9.647	9.647	NUM
ajfa-10763	312	115	7.731	7.731	NUM
ajfa-10763	312	116	8.618	8.618	NUM
ajfa-10763	312	117	9.365	9.365	NUM
ajfa-10763	312	118	9.997	9.997	NUM
ajfa-10763	312	119	14.633	14.633	NUM
ajfa-10763	312	120	lev	lev	NOUN
ajfa-10763	312	121	283	283	NUM
ajfa-10763	312	122	0.030	0.030	NUM
ajfa-10763	312	123	0.889	0.889	NUM
ajfa-10763	312	124	0.743	0.743	NUM
ajfa-10763	312	125	0.877	0.877	NUM
ajfa-10763	312	126	0.892	0.892	NUM
ajfa-10763	312	127	0.907	0.907	NUM
ajfa-10763	312	128	0.977	0.977	NUM
ajfa-10763	312	129	roa	roa	NOUN
ajfa-10763	312	130	283	283	NUM
ajfa-10763	312	131	0.015	0.015	NUM
ajfa-10763	312	132	0.002	0.002	NUM
ajfa-10763	312	133	-0.069	-0.069	SYM
ajfa-10763	312	134	0.001	0.001	NUM
ajfa-10763	312	135	0.007	0.007	NUM
ajfa-10763	312	136	0.009	0.009	NUM
ajfa-10763	312	137	0.037	0.037	NUM
ajfa-10763	312	138	ocf	ocf	PROPN
ajfa-10763	312	139	283	283	NUM
ajfa-10763	312	140	0.018	0.018	NUM
ajfa-10763	312	141	0.016	0.016	NUM
ajfa-10763	312	142	-0.101	-0.101	PUNCT
ajfa-10763	312	143	0.010	0.010	NUM
ajfa-10763	312	144	0.015	0.015	NUM
ajfa-10763	312	145	0.021	0.021	NUM
ajfa-10763	312	146	0.137	0.137	NUM
ajfa-10763	312	147	afll	afll	ADJ
ajfa-10763	312	148	283	283	NUM
ajfa-10763	312	149	0.008	0.008	NUM
ajfa-10763	312	150	0.013	0.013	NUM
ajfa-10763	312	151	0.000	0.000	NUM
ajfa-10763	312	152	0.008	0.008	NUM
ajfa-10763	312	153	0.011	0.011	NUM
ajfa-10763	312	154	0.017	0.017	NUM
ajfa-10763	312	155	0.050	0.050	NUM
ajfa-10763	312	156	pfll	pfll	NOUN
ajfa-10763	312	157	283	283	NUM
ajfa-10763	312	158	5.184	5.184	NUM
ajfa-10763	312	159	0.526	0.526	NUM
ajfa-10763	312	160	-21.297	-21.297	PROPN
ajfa-10763	312	161	0.037	0.037	NUM
ajfa-10763	312	162	0.372	0.372	NUM
ajfa-10763	312	163	1.198	1.198	NUM
ajfa-10763	312	164	63.647	63.647	NUM
ajfa-10763	312	165	note	note	NOUN
ajfa-10763	312	166	:	:	PUNCT
ajfa-10763	312	167	1	1	X
ajfa-10763	312	168	.	.	X
ajfa-10763	312	169	n=283	n=283	PROPN
ajfa-10763	312	170	.	.	PUNCT
ajfa-10763	313	1	2	2	X
ajfa-10763	313	2	.	.	X
ajfa-10763	313	3	variable	variable	ADJ
ajfa-10763	313	4	definitions	definition	NOUN
ajfa-10763	313	5	:	:	PUNCT
ajfa-10763	313	6	level3	level3	PROPN
ajfa-10763	313	7	is	be	AUX
ajfa-10763	313	8	measured	measure	VERB
ajfa-10763	313	9	as	as	ADP
ajfa-10763	313	10	the	the	DET
ajfa-10763	313	11	net	net	ADJ
ajfa-10763	313	12	assets	asset	NOUN
ajfa-10763	313	13	at	at	ADP
ajfa-10763	313	14	level	level	NOUN
ajfa-10763	313	15	3	3	NUM
ajfa-10763	313	16	input	input	NOUN
ajfa-10763	313	17	divided	divide	VERB
ajfa-10763	313	18	by	by	ADP
ajfa-10763	313	19	the	the	DET
ajfa-10763	313	20	total	total	ADJ
ajfa-10763	313	21	fair	fair	ADJ
ajfa-10763	313	22	value	value	NOUN
ajfa-10763	313	23	net	net	ADJ
ajfa-10763	313	24	assets	asset	NOUN
ajfa-10763	313	25	.	.	PUNCT
ajfa-10763	314	1	level3_gain	level3_gain	PRON
ajfa-10763	314	2	is	be	AUX
ajfa-10763	314	3	measured	measure	VERB
ajfa-10763	314	4	as	as	ADP
ajfa-10763	314	5	the	the	DET
ajfa-10763	314	6	gains	gain	NOUN
ajfa-10763	314	7	from	from	ADP
ajfa-10763	314	8	level	level	NOUN
ajfa-10763	314	9	3	3	NUM
ajfa-10763	314	10	fair	fair	ADJ
ajfa-10763	314	11	assets	asset	NOUN
ajfa-10763	314	12	scaled	scale	VERB
ajfa-10763	314	13	by	by	ADP
ajfa-10763	314	14	the	the	DET
ajfa-10763	314	15	total	total	ADJ
ajfa-10763	314	16	fair	fair	ADJ
ajfa-10763	314	17	value	value	NOUN
ajfa-10763	314	18	net	net	ADJ
ajfa-10763	314	19	assets	asset	NOUN
ajfa-10763	314	20	.	.	PUNCT
ajfa-10763	315	1	purchase	purchase	NOUN
ajfa-10763	315	2	is	be	AUX
ajfa-10763	315	3	set	set	VERB
ajfa-10763	315	4	equal	equal	ADJ
ajfa-10763	315	5	to	to	ADP
ajfa-10763	315	6	one	one	NUM
ajfa-10763	315	7	if	if	SCONJ
ajfa-10763	315	8	the	the	DET
ajfa-10763	315	9	ceo	ceo	NOUN
ajfa-10763	315	10	’s	’s	PART
ajfa-10763	315	11	net	net	ADJ
ajfa-10763	315	12	purchases	purchase	NOUN
ajfa-10763	315	13	are	be	AUX
ajfa-10763	315	14	in	in	ADP
ajfa-10763	315	15	the	the	DET
ajfa-10763	315	16	top	top	ADJ
ajfa-10763	315	17	quintile	quintile	NOUN
ajfa-10763	315	18	of	of	ADP
ajfa-10763	315	19	the	the	DET
ajfa-10763	315	20	distribution	distribution	NOUN
ajfa-10763	315	21	of	of	ADP
ajfa-10763	315	22	net	net	ADJ
ajfa-10763	315	23	purchases	purchase	NOUN
ajfa-10763	315	24	by	by	ADP
ajfa-10763	315	25	all	all	DET
ajfa-10763	315	26	ceo	ceo	NOUN
ajfa-10763	315	27	and	and	CCONJ
ajfa-10763	315	28	those	those	DET
ajfa-10763	315	29	purchases	purchase	NOUN
ajfa-10763	315	30	increase	increase	VERB
ajfa-10763	315	31	their	their	PRON
ajfa-10763	315	32	ownership	ownership	NOUN
ajfa-10763	315	33	in	in	ADP
ajfa-10763	315	34	the	the	DET
ajfa-10763	315	35	firm	firm	NOUN
ajfa-10763	315	36	by	by	ADP
ajfa-10763	315	37	10	10	NUM
ajfa-10763	315	38	%	%	NOUN
ajfa-10763	315	39	during	during	ADP
ajfa-10763	315	40	the	the	DET
ajfa-10763	315	41	fiscal	fiscal	ADJ
ajfa-10763	315	42	year	year	NOUN
ajfa-10763	315	43	,	,	PUNCT
ajfa-10763	315	44	otherwise	otherwise	ADV
ajfa-10763	315	45	zero	zero	NUM
ajfa-10763	315	46	.	.	PUNCT
ajfa-10763	316	1	capex	capex	NOUN
ajfa-10763	316	2	is	be	AUX
ajfa-10763	316	3	a	a	DET
ajfa-10763	316	4	dichotomous	dichotomous	ADJ
ajfa-10763	316	5	variable	variable	NOUN
ajfa-10763	316	6	set	set	VERB
ajfa-10763	316	7	equal	equal	ADJ
ajfa-10763	316	8	to	to	ADP
ajfa-10763	316	9	one	one	NUM
ajfa-10763	316	10	if	if	SCONJ
ajfa-10763	316	11	the	the	DET
ajfa-10763	316	12	capital	capital	NOUN
ajfa-10763	316	13	expenditures	expenditure	NOUN
ajfa-10763	316	14	deflated	deflate	VERB
ajfa-10763	316	15	by	by	ADP
ajfa-10763	316	16	lagged	lag	VERB
ajfa-10763	316	17	total	total	ADJ
ajfa-10763	316	18	assets	asset	NOUN
ajfa-10763	316	19	in	in	ADP
ajfa-10763	316	20	a	a	DET
ajfa-10763	316	21	given	give	VERB
ajfa-10763	316	22	year	year	NOUN
ajfa-10763	316	23	is	be	AUX
ajfa-10763	316	24	greater	great	ADJ
ajfa-10763	316	25	than	than	ADP
ajfa-10763	316	26	the	the	DET
ajfa-10763	316	27	median	median	ADJ
ajfa-10763	316	28	level	level	NOUN
ajfa-10763	316	29	of	of	ADP
ajfa-10763	316	30	capital	capital	NOUN
ajfa-10763	316	31	expenditures	expenditure	NOUN
ajfa-10763	316	32	to	to	PART
ajfa-10763	316	33	lagged	lag	VERB
ajfa-10763	316	34	total	total	ADJ
ajfa-10763	316	35	assets	asset	NOUN
ajfa-10763	316	36	for	for	ADP
ajfa-10763	316	37	the	the	DET
ajfa-10763	316	38	firm	firm	NOUN
ajfa-10763	316	39	’s	’s	PART
ajfa-10763	316	40	fama	fama	PROPN
ajfa-10763	316	41	-	-	PUNCT
ajfa-10763	316	42	french	french	NOUN
ajfa-10763	316	43	industry	industry	NOUN
ajfa-10763	316	44	in	in	ADP
ajfa-10763	316	45	that	that	DET
ajfa-10763	316	46	year	year	NOUN
ajfa-10763	316	47	,	,	PUNCT
ajfa-10763	316	48	otherwise	otherwise	ADV
ajfa-10763	316	49	zero	zero	NUM
ajfa-10763	316	50	.	.	PUNCT
ajfa-10763	317	1	overinvest	overinv	ADJ
ajfa-10763	317	2	equal	equal	ADJ
ajfa-10763	317	3	to	to	ADP
ajfa-10763	317	4	one	one	NUM
ajfa-10763	317	5	if	if	SCONJ
ajfa-10763	317	6	the	the	DET
ajfa-10763	317	7	residual	residual	ADJ
ajfa-10763	317	8	from	from	ADP
ajfa-10763	317	9	the	the	DET
ajfa-10763	317	10	excess	excess	ADJ
ajfa-10763	317	11	investment	investment	NOUN
ajfa-10763	317	12	regression	regression	NOUN
ajfa-10763	317	13	is	be	AUX
ajfa-10763	317	14	greater	great	ADJ
ajfa-10763	317	15	than	than	ADP
ajfa-10763	317	16	zero	zero	NUM
ajfa-10763	317	17	,	,	PUNCT
ajfa-10763	317	18	otherwise	otherwise	ADV
ajfa-10763	317	19	zero	zero	NUM
ajfa-10763	317	20	.	.	PUNCT
ajfa-10763	318	1	hi_over	hi_over	PROPN
ajfa-10763	318	2	equals	equal	VERB
ajfa-10763	318	3	one	one	NUM
ajfa-10763	318	4	if	if	SCONJ
ajfa-10763	318	5	the	the	DET
ajfa-10763	318	6	ceo	ceo	NOUN
ajfa-10763	318	7	overconfidence	overconfidence	NOUN
ajfa-10763	318	8	score	score	NOUN
ajfa-10763	318	9	of	of	ADP
ajfa-10763	318	10	the	the	DET
ajfa-10763	318	11	firm	firm	NOUN
ajfa-10763	318	12	is	be	AUX
ajfa-10763	318	13	above	above	ADP
ajfa-10763	318	14	the	the	DET
ajfa-10763	318	15	median	median	ADJ
ajfa-10763	318	16	score	score	NOUN
ajfa-10763	318	17	for	for	ADP
ajfa-10763	318	18	the	the	DET
ajfa-10763	318	19	sample	sample	NOUN
ajfa-10763	318	20	,	,	PUNCT
ajfa-10763	318	21	and	and	CCONJ
ajfa-10763	318	22	zero	zero	NUM
ajfa-10763	318	23	otherwise	otherwise	ADV
ajfa-10763	318	24	.	.	PUNCT
ajfa-10763	319	1	bd_ind	bd_ind	NOUN
ajfa-10763	319	2	is	be	AUX
ajfa-10763	319	3	the	the	DET
ajfa-10763	319	4	proportion	proportion	NOUN
ajfa-10763	319	5	of	of	ADP
ajfa-10763	319	6	independent	independent	ADJ
ajfa-10763	319	7	directors	director	NOUN
ajfa-10763	319	8	on	on	ADP
ajfa-10763	319	9	the	the	DET
ajfa-10763	319	10	board	board	NOUN
ajfa-10763	319	11	.	.	PUNCT
ajfa-10763	320	1	nodual	nodual	ADJ
ajfa-10763	320	2	is	be	AUX
ajfa-10763	320	3	a	a	DET
ajfa-10763	320	4	dummy	dummy	ADJ
ajfa-10763	320	5	variable	variable	NOUN
ajfa-10763	320	6	that	that	PRON
ajfa-10763	320	7	equals	equal	VERB
ajfa-10763	320	8	one	one	NUM
ajfa-10763	320	9	if	if	SCONJ
ajfa-10763	320	10	the	the	DET
ajfa-10763	320	11	ceo	ceo	NOUN
ajfa-10763	320	12	does	do	AUX
ajfa-10763	320	13	not	not	PART
ajfa-10763	320	14	serve	serve	VERB
ajfa-10763	320	15	as	as	ADP
ajfa-10763	320	16	the	the	DET
ajfa-10763	320	17	board	board	NOUN
ajfa-10763	320	18	chair	chair	NOUN
ajfa-10763	320	19	,	,	PUNCT
ajfa-10763	320	20	and	and	CCONJ
ajfa-10763	320	21	zero	zero	NUM
ajfa-10763	320	22	otherwise	otherwise	ADV
ajfa-10763	320	23	.	.	PUNCT
ajfa-10763	321	1	bd_ten	bd_ten	PROPN
ajfa-10763	321	2	is	be	AUX
ajfa-10763	321	3	measured	measure	VERB
ajfa-10763	321	4	as	as	ADP
ajfa-10763	321	5	the	the	DET
ajfa-10763	321	6	average	average	ADJ
ajfa-10763	321	7	years	year	NOUN
ajfa-10763	321	8	of	of	ADP
ajfa-10763	321	9	service	service	NOUN
ajfa-10763	321	10	of	of	ADP
ajfa-10763	321	11	board	board	NOUN
ajfa-10763	321	12	members	member	NOUN
ajfa-10763	321	13	.	.	PUNCT
ajfa-10763	322	1	bd_dir	bd_dir	PROPN
ajfa-10763	322	2	is	be	AUX
ajfa-10763	322	3	measured	measure	VERB
ajfa-10763	322	4	as	as	ADP
ajfa-10763	322	5	the	the	DET
ajfa-10763	322	6	average	average	ADJ
ajfa-10763	322	7	number	number	NOUN
ajfa-10763	322	8	of	of	ADP
ajfa-10763	322	9	outside	outside	ADJ
ajfa-10763	322	10	directorships	directorship	NOUN
ajfa-10763	322	11	held	hold	VERB
ajfa-10763	322	12	by	by	ADP
ajfa-10763	322	13	board	board	NOUN
ajfa-10763	322	14	members	member	NOUN
ajfa-10763	322	15	.	.	PUNCT
ajfa-10763	323	1	hi_cg	hi_cg	PROPN
ajfa-10763	323	2	equals	equal	VERB
ajfa-10763	323	3	one	one	NUM
ajfa-10763	323	4	if	if	SCONJ
ajfa-10763	323	5	the	the	DET
ajfa-10763	323	6	corporate	corporate	ADJ
ajfa-10763	323	7	governance	governance	NOUN
ajfa-10763	323	8	score	score	NOUN
ajfa-10763	323	9	of	of	ADP
ajfa-10763	323	10	the	the	DET
ajfa-10763	323	11	firm	firm	NOUN
ajfa-10763	323	12	is	be	AUX
ajfa-10763	323	13	above	above	ADP
ajfa-10763	323	14	the	the	DET
ajfa-10763	323	15	median	median	ADJ
ajfa-10763	323	16	score	score	NOUN
ajfa-10763	323	17	for	for	ADP
ajfa-10763	323	18	the	the	DET
ajfa-10763	323	19	sample	sample	NOUN
ajfa-10763	323	20	,	,	PUNCT
ajfa-10763	323	21	and	and	CCONJ
ajfa-10763	323	22	zero	zero	NUM
ajfa-10763	323	23	otherwise	otherwise	ADV
ajfa-10763	323	24	.	.	PUNCT
ajfa-10763	324	1	size	size	NOUN
ajfa-10763	324	2	is	be	AUX
ajfa-10763	324	3	the	the	DET
ajfa-10763	324	4	logarithm	logarithm	NOUN
ajfa-10763	324	5	of	of	ADP
ajfa-10763	324	6	total	total	ADJ
ajfa-10763	324	7	assets	asset	NOUN
ajfa-10763	324	8	.	.	PUNCT
ajfa-10763	325	1	lev	lev	NOUN
ajfa-10763	325	2	is	be	AUX
ajfa-10763	325	3	the	the	DET
ajfa-10763	325	4	ratio	ratio	NOUN
ajfa-10763	325	5	of	of	ADP
ajfa-10763	325	6	total	total	ADJ
ajfa-10763	325	7	liability	liability	NOUN
ajfa-10763	325	8	to	to	ADP
ajfa-10763	325	9	total	total	ADJ
ajfa-10763	325	10	assets	asset	NOUN
ajfa-10763	325	11	.	.	PUNCT
ajfa-10763	326	1	roa	roa	PROPN
ajfa-10763	326	2	is	be	AUX
ajfa-10763	326	3	the	the	DET
ajfa-10763	326	4	net	net	ADJ
ajfa-10763	326	5	income	income	NOUN
ajfa-10763	326	6	divided	divide	VERB
ajfa-10763	326	7	by	by	ADP
ajfa-10763	326	8	the	the	DET
ajfa-10763	326	9	total	total	ADJ
ajfa-10763	326	10	assets	asset	NOUN
ajfa-10763	326	11	.	.	PUNCT
ajfa-10763	327	1	ocf	ocf	PROPN
ajfa-10763	327	2	is	be	AUX
ajfa-10763	327	3	the	the	DET
ajfa-10763	327	4	operating	operate	VERB
ajfa-10763	327	5	cash	cash	NOUN
ajfa-10763	327	6	flows	flow	NOUN
ajfa-10763	327	7	scaled	scale	VERB
ajfa-10763	327	8	by	by	ADP
ajfa-10763	327	9	the	the	DET
ajfa-10763	327	10	total	total	ADJ
ajfa-10763	327	11	assets	asset	NOUN
ajfa-10763	327	12	.	.	PUNCT
ajfa-10763	328	1	afll	afll	PROPN
ajfa-10763	328	2	is	be	AUX
ajfa-10763	328	3	the	the	DET
ajfa-10763	328	4	allowance	allowance	NOUN
ajfa-10763	328	5	for	for	ADP
ajfa-10763	328	6	loan	loan	NOUN
ajfa-10763	328	7	loss	loss	NOUN
ajfa-10763	328	8	scaled	scale	VERB
ajfa-10763	328	9	by	by	ADP
ajfa-10763	328	10	the	the	DET
ajfa-10763	328	11	total	total	ADJ
ajfa-10763	328	12	assets	asset	NOUN
ajfa-10763	328	13	.	.	PUNCT
ajfa-10763	329	1	pfll	pfll	PROPN
ajfa-10763	329	2	is	be	AUX
ajfa-10763	329	3	the	the	DET
ajfa-10763	329	4	provision	provision	NOUN
ajfa-10763	329	5	for	for	ADP
ajfa-10763	329	6	loan	loan	NOUN
ajfa-10763	329	7	loss	loss	NOUN
ajfa-10763	329	8	scaled	scale	VERB
ajfa-10763	329	9	by	by	ADP
ajfa-10763	329	10	the	the	DET
ajfa-10763	329	11	net	net	ADJ
ajfa-10763	329	12	income	income	NOUN
ajfa-10763	329	13	.	.	PUNCT
ajfa-10763	330	1	4.2	4.2	NUM
ajfa-10763	330	2	correlation	correlation	NOUN
ajfa-10763	330	3	analyses	analysis	NOUN
ajfa-10763	330	4	table	table	NOUN
ajfa-10763	330	5	2	2	NUM
ajfa-10763	330	6	shows	show	VERB
ajfa-10763	330	7	the	the	DET
ajfa-10763	330	8	correlations	correlation	NOUN
ajfa-10763	330	9	analyses	analysis	NOUN
ajfa-10763	330	10	among	among	ADP
ajfa-10763	330	11	variables	variable	NOUN
ajfa-10763	330	12	.	.	PUNCT
ajfa-10763	331	1	the	the	DET
ajfa-10763	331	2	simple	simple	ADJ
ajfa-10763	331	3	correlations	correlation	NOUN
ajfa-10763	331	4	between	between	ADP
ajfa-10763	331	5	level3	level3	PROPN
ajfa-10763	331	6	and	and	CCONJ
ajfa-10763	331	7	level3_gain	level3_gain	PROPN
ajfa-10763	331	8	are	be	AUX
ajfa-10763	331	9	0.073	0.073	NUM
ajfa-10763	331	10	,	,	PUNCT
ajfa-10763	331	11	indicating	indicate	VERB
ajfa-10763	331	12	low	low	ADJ
ajfa-10763	331	13	correlations	correlation	NOUN
ajfa-10763	331	14	between	between	ADP
ajfa-10763	331	15	level	level	NOUN
ajfa-10763	331	16	3	3	NUM
ajfa-10763	331	17	fair	fair	ADJ
ajfa-10763	331	18	values	value	NOUN
ajfa-10763	331	19	and	and	CCONJ
ajfa-10763	331	20	gains	gain	NOUN
ajfa-10763	331	21	from	from	ADP
ajfa-10763	331	22	level	level	NOUN
ajfa-10763	331	23	3	3	NUM
ajfa-10763	331	24	fair	fair	ADJ
ajfa-10763	331	25	values	value	NOUN
ajfa-10763	331	26	.	.	PUNCT
ajfa-10763	332	1	overall	overall	ADV
ajfa-10763	332	2	,	,	PUNCT
ajfa-10763	332	3	the	the	DET
ajfa-10763	332	4	correlations	correlation	NOUN
ajfa-10763	332	5	among	among	ADP
ajfa-10763	332	6	other	other	ADJ
ajfa-10763	332	7	variables	variable	NOUN
ajfa-10763	332	8	are	be	AUX
ajfa-10763	332	9	relatively	relatively	ADV
ajfa-10763	332	10	small	small	ADJ
ajfa-10763	332	11	,	,	PUNCT
ajfa-10763	332	12	indicating	indicate	VERB
ajfa-10763	332	13	that	that	SCONJ
ajfa-10763	332	14	multi	multi	ADJ
ajfa-10763	332	15	-	-	NOUN
ajfa-10763	332	16	collinearity	collinearity	NOUN
ajfa-10763	332	17	does	do	AUX
ajfa-10763	332	18	not	not	PART
ajfa-10763	332	19	appear	appear	VERB
ajfa-10763	332	20	to	to	PART
ajfa-10763	332	21	be	be	AUX
ajfa-10763	332	22	a	a	DET
ajfa-10763	332	23	problem	problem	NOUN
ajfa-10763	332	24	in	in	ADP
ajfa-10763	332	25	the	the	DET
ajfa-10763	332	26	asian	asian	ADJ
ajfa-10763	332	27	journal	journal	NOUN
ajfa-10763	332	28	of	of	ADP
ajfa-10763	332	29	finance	finance	PROPN
ajfa-10763	332	30	&	&	CCONJ
ajfa-10763	332	31	accounting	accounting	PROPN
ajfa-10763	332	32	issn	issn	PROPN
ajfa-10763	332	33	1946	1946	NUM
ajfa-10763	332	34	-	-	PUNCT
ajfa-10763	332	35	052x	052x	PROPN
ajfa-10763	332	36	2017	2017	NUM
ajfa-10763	332	37	,	,	PUNCT
ajfa-10763	332	38	vol	vol	NOUN
ajfa-10763	332	39	.	.	NOUN
ajfa-10763	332	40	9	9	NUM
ajfa-10763	332	41	,	,	PUNCT
ajfa-10763	332	42	no	no	INTJ
ajfa-10763	332	43	.	.	NOUN
ajfa-10763	332	44	1	1	NUM
ajfa-10763	332	45	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	332	46	147	147	NUM
ajfa-10763	332	47	regression	regression	NOUN
ajfa-10763	332	48	model	model	NOUN
ajfa-10763	332	49	.	.	PUNCT
ajfa-10763	333	1	to	to	PART
ajfa-10763	333	2	check	check	VERB
ajfa-10763	333	3	for	for	ADP
ajfa-10763	333	4	the	the	DET
ajfa-10763	333	5	potential	potential	NOUN
ajfa-10763	333	6	of	of	ADP
ajfa-10763	333	7	multi	multi	NOUN
ajfa-10763	333	8	-	-	NOUN
ajfa-10763	333	9	collinearity	collinearity	NOUN
ajfa-10763	333	10	,	,	PUNCT
ajfa-10763	333	11	this	this	DET
ajfa-10763	333	12	study	study	NOUN
ajfa-10763	333	13	also	also	ADV
ajfa-10763	333	14	adopts	adopt	VERB
ajfa-10763	333	15	the	the	DET
ajfa-10763	333	16	variance	variance	NOUN
ajfa-10763	333	17	inflation	inflation	NOUN
ajfa-10763	333	18	factor	factor	NOUN
ajfa-10763	333	19	(	(	PUNCT
ajfa-10763	333	20	vif	vif	NOUN
ajfa-10763	333	21	)	)	PUNCT
ajfa-10763	333	22	in	in	ADP
ajfa-10763	333	23	all	all	DET
ajfa-10763	333	24	tests	test	NOUN
ajfa-10763	333	25	.	.	PUNCT
ajfa-10763	334	1	table	table	NOUN
ajfa-10763	334	2	2	2	NUM
ajfa-10763	334	3	.	.	PUNCT
ajfa-10763	334	4	correlation	correlation	NOUN
ajfa-10763	334	5	analysis	analysis	NOUN
ajfa-10763	334	6	level3	level3	NOUN
ajfa-10763	334	7	level3_gain	level3_gain	NUM
ajfa-10763	334	8	hi_over	hi_over	PROPN
ajfa-10763	334	9	hi_cg	hi_cg	PROPN
ajfa-10763	334	10	size	size	NOUN
ajfa-10763	334	11	lev	lev	PROPN
ajfa-10763	334	12	roa	roa	PROPN
ajfa-10763	334	13	ocf	ocf	PROPN
ajfa-10763	334	14	afll	afll	PROPN
ajfa-10763	334	15	pfll	pfll	PROPN
ajfa-10763	334	16	level3	level3	PROPN
ajfa-10763	334	17	1.000	1.000	NUM
ajfa-10763	334	18	level3_gain	level3_gain	ADP
ajfa-10763	334	19	0.073	0.073	NUM
ajfa-10763	334	20	1.000	1.000	NUM
ajfa-10763	334	21	hi_over	hi_over	ADP
ajfa-10763	334	22	0.052	0.052	NUM
ajfa-10763	334	23	0.084	0.084	NUM
ajfa-10763	334	24	1.000	1.000	NUM
ajfa-10763	334	25	hi_cg	hi_cg	NOUN
ajfa-10763	334	26	0.162	0.162	NUM
ajfa-10763	334	27	*	*	PUNCT
ajfa-10763	334	28	*	*	PUNCT
ajfa-10763	334	29	*	*	PUNCT
ajfa-10763	334	30	0.089	0.089	NUM
ajfa-10763	334	31	0.027	0.027	NUM
ajfa-10763	334	32	1.000	1.000	NUM
ajfa-10763	334	33	size	size	NOUN
ajfa-10763	334	34	0.262	0.262	NUM
ajfa-10763	334	35	*	*	PUNCT
ajfa-10763	334	36	*	*	PUNCT
ajfa-10763	334	37	*	*	X
ajfa-10763	334	38	0.313	0.313	NUM
ajfa-10763	334	39	*	*	PUNCT
ajfa-10763	334	40	*	*	PUNCT
ajfa-10763	334	41	*	*	PUNCT
ajfa-10763	334	42	-0.014	-0.014	NOUN
ajfa-10763	334	43	0.228	0.228	NUM
ajfa-10763	334	44	*	*	PUNCT
ajfa-10763	334	45	*	*	PUNCT
ajfa-10763	334	46	*	*	PUNCT
ajfa-10763	334	47	1.000	1.000	NUM
ajfa-10763	334	48	lev	lev	NOUN
ajfa-10763	334	49	0.218	0.218	NUM
ajfa-10763	334	50	*	*	PUNCT
ajfa-10763	334	51	*	*	PUNCT
ajfa-10763	334	52	*	*	PROPN
ajfa-10763	334	53	0.028	0.028	NUM
ajfa-10763	334	54	-0.038	-0.038	X
ajfa-10763	334	55	-0.079	-0.079	PUNCT
ajfa-10763	334	56	0.051	0.051	NUM
ajfa-10763	334	57	1.000	1.000	NUM
ajfa-10763	334	58	roa	roa	NOUN
ajfa-10763	334	59	-0.241	-0.241	PUNCT
ajfa-10763	334	60	*	*	PUNCT
ajfa-10763	334	61	*	*	PUNCT
ajfa-10763	334	62	*	*	PUNCT
ajfa-10763	334	63	0.043	0.043	NUM
ajfa-10763	334	64	0.151	0.151	NUM
ajfa-10763	334	65	*	*	PUNCT
ajfa-10763	334	66	*	*	PUNCT
ajfa-10763	334	67	0.033	0.033	NUM
ajfa-10763	334	68	0.015	0.015	NUM
ajfa-10763	334	69	-0.261	-0.261	NOUN
ajfa-10763	334	70	*	*	PUNCT
ajfa-10763	334	71	*	*	PUNCT
ajfa-10763	334	72	*	*	PUNCT
ajfa-10763	334	73	1.000	1.000	NUM
ajfa-10763	334	74	ocf	ocf	NOUN
ajfa-10763	334	75	-0.048	-0.048	NOUN
ajfa-10763	334	76	0.122	0.122	NUM
ajfa-10763	334	77	*	*	PUNCT
ajfa-10763	334	78	*	*	PUNCT
ajfa-10763	334	79	-0.138	-0.138	PUNCT
ajfa-10763	335	1	*	*	PUNCT
ajfa-10763	335	2	*	*	PUNCT
ajfa-10763	336	1	0.011	0.011	NUM
ajfa-10763	336	2	0.114	0.114	NUM
ajfa-10763	336	3	*	*	PUNCT
ajfa-10763	336	4	0.005	0.005	NUM
ajfa-10763	336	5	-0.058	-0.058	NUM
ajfa-10763	336	6	1.000	1.000	NUM
ajfa-10763	336	7	afll	afll	ADV
ajfa-10763	336	8	0.204	0.204	NUM
ajfa-10763	336	9	*	*	PUNCT
ajfa-10763	336	10	*	*	PUNCT
ajfa-10763	336	11	*	*	PUNCT
ajfa-10763	336	12	0.082	0.082	NUM
ajfa-10763	336	13	-0.245	-0.245	X
ajfa-10763	336	14	*	*	PUNCT
ajfa-10763	336	15	*	*	PUNCT
ajfa-10763	336	16	*	*	PUNCT
ajfa-10763	336	17	0.097	0.097	NUM
ajfa-10763	336	18	0.067	0.067	NUM
ajfa-10763	336	19	0.162	0.162	NUM
ajfa-10763	336	20	*	*	PUNCT
ajfa-10763	336	21	*	*	PUNCT
ajfa-10763	336	22	*	*	PUNCT
ajfa-10763	336	23	-0.559	-0.559	PUNCT
ajfa-10763	337	1	*	*	PUNCT
ajfa-10763	337	2	*	*	PUNCT
ajfa-10763	337	3	*	*	PUNCT
ajfa-10763	337	4	0.272	0.272	NUM
ajfa-10763	337	5	*	*	PUNCT
ajfa-10763	338	1	*	*	PUNCT
ajfa-10763	338	2	*	*	PUNCT
ajfa-10763	338	3	1.000	1.000	NUM
ajfa-10763	338	4	pfll	pfll	NOUN
ajfa-10763	338	5	0.002	0.002	NUM
ajfa-10763	338	6	0.014	0.014	NUM
ajfa-10763	338	7	-0.021	-0.021	NOUN
ajfa-10763	338	8	-0.014	-0.014	NOUN
ajfa-10763	338	9	0.113	0.113	NUM
ajfa-10763	338	10	*	*	PUNCT
ajfa-10763	338	11	-0.026	-0.026	PUNCT
ajfa-10763	339	1	0.131	0.131	NUM
ajfa-10763	339	2	*	*	PUNCT
ajfa-10763	339	3	*	*	PUNCT
ajfa-10763	339	4	-0.060	-0.060	NOUN
ajfa-10763	339	5	-0.091	-0.091	NUM
ajfa-10763	339	6	1.000	1.000	NUM
ajfa-10763	339	7	note	note	NOUN
ajfa-10763	339	8	:	:	PUNCT
ajfa-10763	339	9	1	1	X
ajfa-10763	339	10	.	.	X
ajfa-10763	339	11	pearson	pearson	PROPN
ajfa-10763	339	12	correlations	correlation	NOUN
ajfa-10763	339	13	are	be	AUX
ajfa-10763	339	14	reported	report	VERB
ajfa-10763	339	15	in	in	ADP
ajfa-10763	339	16	the	the	DET
ajfa-10763	339	17	lower	low	ADJ
ajfa-10763	339	18	diagonal	diagonal	ADJ
ajfa-10763	339	19	.	.	PUNCT
ajfa-10763	340	1	2	2	X
ajfa-10763	340	2	.	.	X
ajfa-10763	340	3	n=283	n=283	PROPN
ajfa-10763	340	4	.	.	PUNCT
ajfa-10763	341	1	3	3	X
ajfa-10763	341	2	.	.	X
ajfa-10763	341	3	see	see	VERB
ajfa-10763	341	4	table	table	NOUN
ajfa-10763	341	5	1	1	NUM
ajfa-10763	341	6	for	for	ADP
ajfa-10763	341	7	variable	variable	ADJ
ajfa-10763	341	8	definitions	definition	NOUN
ajfa-10763	341	9	.	.	PUNCT
ajfa-10763	342	1	4	4	X
ajfa-10763	342	2	.	.	X
ajfa-10763	343	1	*	*	PUNCT
ajfa-10763	343	2	*	*	PUNCT
ajfa-10763	343	3	*	*	PUNCT
ajfa-10763	343	4	,	,	PUNCT
ajfa-10763	343	5	*	*	PUNCT
ajfa-10763	343	6	*	*	PUNCT
ajfa-10763	343	7	,	,	PUNCT
ajfa-10763	343	8	and	and	CCONJ
ajfa-10763	343	9	*	*	PUNCT
ajfa-10763	343	10	indicate	indicate	VERB
ajfa-10763	343	11	significance	significance	NOUN
ajfa-10763	343	12	at	at	ADP
ajfa-10763	343	13	the	the	DET
ajfa-10763	343	14	1	1	NUM
ajfa-10763	343	15	%	%	NOUN
ajfa-10763	343	16	,	,	PUNCT
ajfa-10763	343	17	5	5	NUM
ajfa-10763	343	18	%	%	NOUN
ajfa-10763	343	19	,	,	PUNCT
ajfa-10763	343	20	and	and	CCONJ
ajfa-10763	343	21	10	10	NUM
ajfa-10763	343	22	%	%	NOUN
ajfa-10763	343	23	level	level	NOUN
ajfa-10763	343	24	,	,	PUNCT
ajfa-10763	343	25	respectively	respectively	ADV
ajfa-10763	343	26	.	.	PUNCT
ajfa-10763	344	1	4.3	4.3	NUM
ajfa-10763	344	2	regression	regression	NOUN
ajfa-10763	344	3	analyses	analyse	VERB
ajfa-10763	344	4	the	the	DET
ajfa-10763	344	5	results	result	NOUN
ajfa-10763	344	6	for	for	ADP
ajfa-10763	344	7	hypothesis	hypothesis	NOUN
ajfa-10763	344	8	one	one	NUM
ajfa-10763	344	9	in	in	ADP
ajfa-10763	344	10	this	this	DET
ajfa-10763	344	11	study	study	NOUN
ajfa-10763	344	12	are	be	AUX
ajfa-10763	344	13	shown	show	VERB
ajfa-10763	344	14	in	in	ADP
ajfa-10763	344	15	column	column	NOUN
ajfa-10763	344	16	1	1	NUM
ajfa-10763	344	17	of	of	ADP
ajfa-10763	344	18	table	table	NOUN
ajfa-10763	344	19	3	3	NUM
ajfa-10763	344	20	.	.	PUNCT
ajfa-10763	344	21	hypothesis	hypothesis	NOUN
ajfa-10763	344	22	1	1	NUM
ajfa-10763	344	23	states	state	VERB
ajfa-10763	344	24	that	that	SCONJ
ajfa-10763	344	25	firms	firm	NOUN
ajfa-10763	344	26	with	with	ADP
ajfa-10763	344	27	higher	high	ADJ
ajfa-10763	344	28	ceo	ceo	NOUN
ajfa-10763	344	29	overconfidence	overconfidence	NOUN
ajfa-10763	344	30	are	be	AUX
ajfa-10763	344	31	more	more	ADV
ajfa-10763	344	32	likely	likely	ADJ
ajfa-10763	344	33	to	to	PART
ajfa-10763	344	34	report	report	VERB
ajfa-10763	344	35	level	level	NOUN
ajfa-10763	344	36	3	3	NUM
ajfa-10763	344	37	fair	fair	ADJ
ajfa-10763	344	38	values	value	NOUN
ajfa-10763	344	39	.	.	PUNCT
ajfa-10763	345	1	column	column	NOUN
ajfa-10763	345	2	1	1	NUM
ajfa-10763	345	3	shows	show	VERB
ajfa-10763	345	4	that	that	SCONJ
ajfa-10763	345	5	hi_over	hi_over	ADV
ajfa-10763	345	6	is	be	VERB
ajfa-10763	345	7	significantly	significantly	ADV
ajfa-10763	345	8	positive	positive	ADJ
ajfa-10763	345	9	related	relate	VERB
ajfa-10763	345	10	to	to	PART
ajfa-10763	345	11	level	level	VERB
ajfa-10763	345	12	3	3	NUM
ajfa-10763	345	13	fair	fair	ADJ
ajfa-10763	345	14	values	value	NOUN
ajfa-10763	345	15	(	(	PUNCT
ajfa-10763	345	16	level3	level3	PROPN
ajfa-10763	345	17	)	)	PUNCT
ajfa-10763	345	18	.	.	PUNCT
ajfa-10763	346	1	thus	thus	ADV
ajfa-10763	346	2	,	,	PUNCT
ajfa-10763	346	3	hypothesis	hypothesis	NOUN
ajfa-10763	346	4	1	1	NUM
ajfa-10763	346	5	is	be	AUX
ajfa-10763	346	6	supported	support	VERB
ajfa-10763	346	7	.	.	PUNCT
ajfa-10763	347	1	this	this	DET
ajfa-10763	347	2	result	result	NOUN
ajfa-10763	347	3	suggests	suggest	VERB
ajfa-10763	347	4	that	that	SCONJ
ajfa-10763	347	5	high	high	ADJ
ajfa-10763	347	6	overconfident	overconfident	ADJ
ajfa-10763	347	7	ceos	ceo	NOUN
ajfa-10763	347	8	are	be	AUX
ajfa-10763	347	9	more	more	ADV
ajfa-10763	347	10	likely	likely	ADJ
ajfa-10763	347	11	to	to	PART
ajfa-10763	347	12	keep	keep	VERB
ajfa-10763	347	13	level	level	NOUN
ajfa-10763	347	14	3	3	NUM
ajfa-10763	347	15	fair	fair	ADJ
ajfa-10763	347	16	assets	asset	NOUN
ajfa-10763	347	17	because	because	SCONJ
ajfa-10763	347	18	they	they	PRON
ajfa-10763	347	19	overestimate	overestimate	VERB
ajfa-10763	347	20	the	the	DET
ajfa-10763	347	21	returns	return	NOUN
ajfa-10763	347	22	to	to	ADP
ajfa-10763	347	23	their	their	PRON
ajfa-10763	347	24	investment	investment	NOUN
ajfa-10763	347	25	projects	project	NOUN
ajfa-10763	347	26	(	(	PUNCT
ajfa-10763	347	27	malmendier	malmendier	NOUN
ajfa-10763	347	28	and	and	CCONJ
ajfa-10763	347	29	tate	tate	NOUN
ajfa-10763	347	30	,	,	PUNCT
ajfa-10763	347	31	2005	2005	NUM
ajfa-10763	347	32	)	)	PUNCT
ajfa-10763	347	33	.	.	PUNCT
ajfa-10763	348	1	regarding	regard	VERB
ajfa-10763	348	2	the	the	DET
ajfa-10763	348	3	control	control	NOUN
ajfa-10763	348	4	variables	variable	NOUN
ajfa-10763	348	5	,	,	PUNCT
ajfa-10763	348	6	size	size	NOUN
ajfa-10763	348	7	is	be	AUX
ajfa-10763	348	8	significantly	significantly	ADV
ajfa-10763	348	9	positive	positive	ADJ
ajfa-10763	348	10	indicating	indicate	VERB
ajfa-10763	348	11	that	that	SCONJ
ajfa-10763	348	12	large	large	ADJ
ajfa-10763	348	13	banks	bank	NOUN
ajfa-10763	348	14	have	have	VERB
ajfa-10763	348	15	incentives	incentive	NOUN
ajfa-10763	348	16	to	to	PART
ajfa-10763	348	17	use	use	VERB
ajfa-10763	348	18	level	level	NOUN
ajfa-10763	348	19	3	3	NUM
ajfa-10763	348	20	inputs	input	NOUN
ajfa-10763	348	21	to	to	PART
ajfa-10763	348	22	value	value	VERB
ajfa-10763	348	23	their	their	PRON
ajfa-10763	348	24	assets	asset	NOUN
ajfa-10763	348	25	.	.	PUNCT
ajfa-10763	349	1	roa	roa	PROPN
ajfa-10763	349	2	and	and	CCONJ
ajfa-10763	349	3	ocf	ocf	NOUN
ajfa-10763	349	4	are	be	AUX
ajfa-10763	349	5	significantly	significantly	ADV
ajfa-10763	349	6	negative	negative	ADJ
ajfa-10763	349	7	indicating	indicate	VERB
ajfa-10763	349	8	that	that	SCONJ
ajfa-10763	349	9	a	a	DET
ajfa-10763	349	10	lower	low	ADJ
ajfa-10763	349	11	return	return	NOUN
ajfa-10763	349	12	on	on	ADP
ajfa-10763	349	13	asset	asset	NOUN
ajfa-10763	349	14	(	(	PUNCT
ajfa-10763	349	15	roa	roa	PROPN
ajfa-10763	349	16	)	)	PUNCT
ajfa-10763	349	17	and	and	CCONJ
ajfa-10763	349	18	operating	operate	VERB
ajfa-10763	349	19	cash	cash	NOUN
ajfa-10763	349	20	flow	flow	NOUN
ajfa-10763	349	21	(	(	PUNCT
ajfa-10763	349	22	ocf	ocf	PROPN
ajfa-10763	349	23	)	)	PUNCT
ajfa-10763	349	24	are	be	AUX
ajfa-10763	349	25	associated	associate	VERB
ajfa-10763	349	26	with	with	ADP
ajfa-10763	349	27	a	a	DET
ajfa-10763	349	28	significantly	significantly	ADV
ajfa-10763	349	29	higher	high	ADJ
ajfa-10763	349	30	level	level	NOUN
ajfa-10763	349	31	3	3	NUM
ajfa-10763	349	32	fair	fair	ADJ
ajfa-10763	349	33	values	value	NOUN
ajfa-10763	349	34	,	,	PUNCT
ajfa-10763	349	35	consisting	consist	VERB
ajfa-10763	349	36	with	with	ADP
ajfa-10763	349	37	chong	chong	PROPN
ajfa-10763	349	38	et	et	PROPN
ajfa-10763	349	39	al	al	PROPN
ajfa-10763	349	40	.	.	PROPN
ajfa-10763	350	1	(	(	PUNCT
ajfa-10763	350	2	2010	2010	NUM
ajfa-10763	350	3	)	)	PUNCT
ajfa-10763	350	4	's	's	PART
ajfa-10763	350	5	finding	finding	NOUN
ajfa-10763	350	6	.	.	PUNCT
ajfa-10763	351	1	the	the	DET
ajfa-10763	351	2	results	result	NOUN
ajfa-10763	351	3	for	for	ADP
ajfa-10763	351	4	hypothesis	hypothesis	NOUN
ajfa-10763	351	5	two	two	NUM
ajfa-10763	351	6	in	in	ADP
ajfa-10763	351	7	this	this	DET
ajfa-10763	351	8	study	study	NOUN
ajfa-10763	351	9	are	be	AUX
ajfa-10763	351	10	shown	show	VERB
ajfa-10763	351	11	in	in	ADP
ajfa-10763	351	12	column	column	NOUN
ajfa-10763	351	13	2	2	NUM
ajfa-10763	351	14	of	of	ADP
ajfa-10763	351	15	table	table	NOUN
ajfa-10763	351	16	3	3	NUM
ajfa-10763	351	17	.	.	X
ajfa-10763	351	18	hypothesis	hypothesis	NOUN
ajfa-10763	351	19	two	two	NUM
ajfa-10763	351	20	states	state	NOUN
ajfa-10763	351	21	that	that	SCONJ
ajfa-10763	351	22	firms	firm	NOUN
ajfa-10763	351	23	with	with	ADP
ajfa-10763	351	24	higher	high	ADJ
ajfa-10763	351	25	ceo	ceo	NOUN
ajfa-10763	351	26	overconfidence	overconfidence	NOUN
ajfa-10763	351	27	is	be	AUX
ajfa-10763	351	28	more	more	ADV
ajfa-10763	351	29	likely	likely	ADJ
ajfa-10763	351	30	to	to	PART
ajfa-10763	351	31	report	report	VERB
ajfa-10763	351	32	gains	gain	NOUN
ajfa-10763	351	33	from	from	ADP
ajfa-10763	351	34	level	level	NOUN
ajfa-10763	351	35	3	3	NUM
ajfa-10763	351	36	fair	fair	ADJ
ajfa-10763	351	37	values	value	NOUN
ajfa-10763	351	38	.	.	PUNCT
ajfa-10763	352	1	column	column	NOUN
ajfa-10763	352	2	2	2	NUM
ajfa-10763	352	3	shows	show	VERB
ajfa-10763	352	4	that	that	SCONJ
ajfa-10763	352	5	hi_over	hi_over	ADV
ajfa-10763	352	6	is	be	VERB
ajfa-10763	352	7	significantly	significantly	ADV
ajfa-10763	352	8	positive	positive	ADJ
ajfa-10763	352	9	related	relate	VERB
ajfa-10763	352	10	to	to	ADP
ajfa-10763	352	11	gains	gain	NOUN
ajfa-10763	352	12	from	from	ADP
ajfa-10763	352	13	level	level	NOUN
ajfa-10763	352	14	3	3	NUM
ajfa-10763	352	15	fair	fair	ADJ
ajfa-10763	352	16	values	value	NOUN
ajfa-10763	352	17	(	(	PUNCT
ajfa-10763	352	18	level3_gain	level3_gain	PROPN
ajfa-10763	352	19	)	)	PUNCT
ajfa-10763	352	20	.	.	PUNCT
ajfa-10763	353	1	thus	thus	ADV
ajfa-10763	353	2	,	,	PUNCT
ajfa-10763	353	3	the	the	DET
ajfa-10763	353	4	second	second	ADJ
ajfa-10763	353	5	hypothesis	hypothesis	NOUN
ajfa-10763	353	6	is	be	AUX
ajfa-10763	353	7	supported	support	VERB
ajfa-10763	353	8	.	.	PUNCT
ajfa-10763	354	1	the	the	DET
ajfa-10763	354	2	result	result	NOUN
ajfa-10763	354	3	suggests	suggest	VERB
ajfa-10763	354	4	that	that	SCONJ
ajfa-10763	354	5	overconfident	overconfident	ADJ
ajfa-10763	354	6	ceo	ceo	NOUN
ajfa-10763	354	7	can	can	AUX
ajfa-10763	354	8	use	use	VERB
ajfa-10763	354	9	the	the	DET
ajfa-10763	354	10	discretion	discretion	NOUN
ajfa-10763	354	11	allowed	allow	VERB
ajfa-10763	354	12	in	in	ADP
ajfa-10763	354	13	level	level	NOUN
ajfa-10763	354	14	3	3	NUM
ajfa-10763	354	15	fair	fair	ADJ
ajfa-10763	354	16	values	value	NOUN
ajfa-10763	354	17	to	to	PART
ajfa-10763	354	18	boost	boost	VERB
ajfa-10763	354	19	earnings	earning	NOUN
ajfa-10763	354	20	and	and	CCONJ
ajfa-10763	354	21	thus	thus	ADV
ajfa-10763	354	22	report	report	VERB
ajfa-10763	354	23	more	more	ADJ
ajfa-10763	354	24	gains	gain	NOUN
ajfa-10763	354	25	from	from	ADP
ajfa-10763	354	26	level	level	NOUN
ajfa-10763	354	27	3	3	NUM
ajfa-10763	354	28	fair	fair	ADJ
ajfa-10763	354	29	values	value	NOUN
ajfa-10763	354	30	.	.	PUNCT
ajfa-10763	355	1	regarding	regard	VERB
ajfa-10763	355	2	the	the	DET
ajfa-10763	355	3	control	control	NOUN
ajfa-10763	355	4	variables	variable	NOUN
ajfa-10763	355	5	,	,	PUNCT
ajfa-10763	355	6	size	size	NOUN
ajfa-10763	355	7	and	and	CCONJ
ajfa-10763	355	8	roa	roa	NOUN
ajfa-10763	355	9	are	be	AUX
ajfa-10763	355	10	significantly	significantly	ADV
ajfa-10763	355	11	positive	positive	ADJ
ajfa-10763	355	12	.	.	PUNCT
ajfa-10763	356	1	the	the	DET
ajfa-10763	356	2	result	result	NOUN
ajfa-10763	356	3	indicates	indicate	VERB
ajfa-10763	356	4	that	that	SCONJ
ajfa-10763	356	5	firms	firm	NOUN
ajfa-10763	356	6	with	with	ADP
ajfa-10763	356	7	higher	high	ADJ
ajfa-10763	356	8	firm	firm	ADJ
ajfa-10763	356	9	size	size	NOUN
ajfa-10763	356	10	and	and	CCONJ
ajfa-10763	356	11	good	good	ADJ
ajfa-10763	356	12	performance	performance	NOUN
ajfa-10763	356	13	report	report	VERB
ajfa-10763	356	14	more	more	ADJ
ajfa-10763	356	15	gains	gain	NOUN
ajfa-10763	356	16	from	from	ADP
ajfa-10763	356	17	level	level	NOUN
ajfa-10763	356	18	3	3	NUM
ajfa-10763	356	19	fair	fair	ADJ
ajfa-10763	356	20	values	value	NOUN
ajfa-10763	356	21	.	.	PUNCT
ajfa-10763	357	1	hypothesis	hypothesis	NOUN
ajfa-10763	357	2	three	three	NUM
ajfa-10763	357	3	states	state	NOUN
ajfa-10763	357	4	that	that	SCONJ
ajfa-10763	357	5	the	the	DET
ajfa-10763	357	6	positive	positive	ADJ
ajfa-10763	357	7	relationship	relationship	NOUN
ajfa-10763	357	8	between	between	ADP
ajfa-10763	357	9	high	high	ADJ
ajfa-10763	357	10	ceo	ceo	NOUN
ajfa-10763	357	11	overconfidence	overconfidence	NOUN
ajfa-10763	357	12	and	and	CCONJ
ajfa-10763	357	13	level	level	NOUN
ajfa-10763	357	14	3	3	NUM
ajfa-10763	357	15	fair	fair	ADJ
ajfa-10763	357	16	values	value	NOUN
ajfa-10763	357	17	is	be	AUX
ajfa-10763	357	18	attenuated	attenuate	VERB
ajfa-10763	357	19	for	for	ADP
ajfa-10763	357	20	firms	firm	NOUN
ajfa-10763	357	21	with	with	ADP
ajfa-10763	357	22	high	high	ADJ
ajfa-10763	357	23	corporate	corporate	ADJ
ajfa-10763	357	24	governance	governance	NOUN
ajfa-10763	357	25	.	.	PUNCT
ajfa-10763	358	1	the	the	DET
ajfa-10763	358	2	results	result	NOUN
ajfa-10763	358	3	for	for	ADP
ajfa-10763	358	4	hypothesis	hypothesis	NOUN
ajfa-10763	358	5	three	three	NUM
ajfa-10763	358	6	in	in	ADP
ajfa-10763	358	7	this	this	DET
ajfa-10763	358	8	study	study	NOUN
ajfa-10763	358	9	are	be	AUX
ajfa-10763	358	10	shown	show	VERB
ajfa-10763	358	11	in	in	ADP
ajfa-10763	358	12	column	column	NOUN
ajfa-10763	358	13	3	3	NUM
ajfa-10763	358	14	of	of	ADP
ajfa-10763	358	15	table	table	NOUN
ajfa-10763	358	16	3	3	NUM
ajfa-10763	358	17	.	.	PUNCT
ajfa-10763	359	1	the	the	DET
ajfa-10763	359	2	result	result	NOUN
ajfa-10763	359	3	shows	show	VERB
ajfa-10763	359	4	that	that	SCONJ
ajfa-10763	359	5	the	the	DET
ajfa-10763	359	6	interaction	interaction	NOUN
ajfa-10763	359	7	term	term	NOUN
ajfa-10763	359	8	hi_cg×hi_over	hi_cg×hi_over	PROPN
ajfa-10763	359	9	,	,	PUNCT
ajfa-10763	359	10	which	which	PRON
ajfa-10763	359	11	captures	capture	VERB
ajfa-10763	359	12	the	the	DET
ajfa-10763	359	13	differential	differential	ADJ
ajfa-10763	359	14	impact	impact	NOUN
ajfa-10763	359	15	for	for	ADP
ajfa-10763	359	16	firms	firm	NOUN
ajfa-10763	359	17	with	with	ADP
ajfa-10763	359	18	higher	high	ADJ
ajfa-10763	359	19	corporate	corporate	ADJ
ajfa-10763	359	20	governance	governance	NOUN
ajfa-10763	359	21	,	,	PUNCT
ajfa-10763	359	22	is	be	AUX
ajfa-10763	359	23	significantly	significantly	ADV
ajfa-10763	359	24	negative	negative	ADJ
ajfa-10763	359	25	.	.	PUNCT
ajfa-10763	360	1	the	the	DET
ajfa-10763	360	2	result	result	NOUN
ajfa-10763	360	3	indicates	indicate	VERB
ajfa-10763	360	4	that	that	SCONJ
ajfa-10763	360	5	effective	effective	ADJ
ajfa-10763	360	6	asian	asian	ADJ
ajfa-10763	360	7	journal	journal	NOUN
ajfa-10763	360	8	of	of	ADP
ajfa-10763	360	9	finance	finance	PROPN
ajfa-10763	360	10	&	&	CCONJ
ajfa-10763	360	11	accounting	accounting	PROPN
ajfa-10763	360	12	issn	issn	PROPN
ajfa-10763	360	13	1946	1946	NUM
ajfa-10763	360	14	-	-	PUNCT
ajfa-10763	360	15	052x	052x	PROPN
ajfa-10763	360	16	2017	2017	NUM
ajfa-10763	360	17	,	,	PUNCT
ajfa-10763	360	18	vol	vol	NOUN
ajfa-10763	360	19	.	.	NOUN
ajfa-10763	360	20	9	9	NUM
ajfa-10763	360	21	,	,	PUNCT
ajfa-10763	360	22	no	no	INTJ
ajfa-10763	360	23	.	.	NOUN
ajfa-10763	360	24	1	1	NUM
ajfa-10763	360	25	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	360	26	148	148	NUM
ajfa-10763	360	27	corporate	corporate	ADJ
ajfa-10763	360	28	governance	governance	NOUN
ajfa-10763	360	29	mechanisms	mechanism	NOUN
ajfa-10763	360	30	ameliorate	ameliorate	VERB
ajfa-10763	360	31	the	the	DET
ajfa-10763	360	32	adverse	adverse	ADJ
ajfa-10763	360	33	impact	impact	NOUN
ajfa-10763	360	34	of	of	ADP
ajfa-10763	360	35	ceo	ceo	NOUN
ajfa-10763	360	36	overconfidence	overconfidence	NOUN
ajfa-10763	360	37	(	(	PUNCT
ajfa-10763	360	38	goel	goel	PROPN
ajfa-10763	360	39	and	and	CCONJ
ajfa-10763	360	40	thakor	thakor	PROPN
ajfa-10763	360	41	,	,	PUNCT
ajfa-10763	360	42	2008	2008	NUM
ajfa-10763	360	43	;	;	PUNCT
ajfa-10763	360	44	liu	liu	PROPN
ajfa-10763	360	45	and	and	CCONJ
ajfa-10763	360	46	taffler	taffler	PROPN
ajfa-10763	360	47	,	,	PUNCT
ajfa-10763	360	48	2008	2008	NUM
ajfa-10763	360	49	;	;	PUNCT
ajfa-10763	360	50	heaton	heaton	PROPN
ajfa-10763	360	51	,	,	PUNCT
ajfa-10763	360	52	2002	2002	NUM
ajfa-10763	360	53	)	)	PUNCT
ajfa-10763	360	54	.	.	PUNCT
ajfa-10763	361	1	therefore	therefore	ADV
ajfa-10763	361	2	,	,	PUNCT
ajfa-10763	361	3	hypothesis	hypothesis	NOUN
ajfa-10763	361	4	3	3	NUM
ajfa-10763	361	5	is	be	AUX
ajfa-10763	361	6	get	get	AUX
ajfa-10763	361	7	supported	support	VERB
ajfa-10763	361	8	.	.	PUNCT
ajfa-10763	362	1	the	the	DET
ajfa-10763	362	2	results	result	NOUN
ajfa-10763	362	3	for	for	ADP
ajfa-10763	362	4	hypothesis	hypothesis	NOUN
ajfa-10763	362	5	four	four	NUM
ajfa-10763	362	6	in	in	ADP
ajfa-10763	362	7	this	this	DET
ajfa-10763	362	8	study	study	NOUN
ajfa-10763	362	9	are	be	AUX
ajfa-10763	362	10	shown	show	VERB
ajfa-10763	362	11	in	in	ADP
ajfa-10763	362	12	column	column	NOUN
ajfa-10763	362	13	4	4	NUM
ajfa-10763	362	14	of	of	ADP
ajfa-10763	362	15	table	table	NOUN
ajfa-10763	362	16	3	3	NUM
ajfa-10763	362	17	.	.	X
ajfa-10763	362	18	hypothesis	hypothesis	NOUN
ajfa-10763	362	19	four	four	NUM
ajfa-10763	362	20	states	state	NOUN
ajfa-10763	362	21	that	that	SCONJ
ajfa-10763	362	22	the	the	DET
ajfa-10763	362	23	positive	positive	ADJ
ajfa-10763	362	24	relationship	relationship	NOUN
ajfa-10763	362	25	between	between	ADP
ajfa-10763	362	26	high	high	ADJ
ajfa-10763	362	27	ceo	ceo	NOUN
ajfa-10763	362	28	overconfidence	overconfidence	NOUN
ajfa-10763	362	29	and	and	CCONJ
ajfa-10763	362	30	gains	gain	NOUN
ajfa-10763	362	31	from	from	ADP
ajfa-10763	362	32	level	level	NOUN
ajfa-10763	362	33	3	3	NUM
ajfa-10763	362	34	fair	fair	ADJ
ajfa-10763	362	35	values	value	NOUN
ajfa-10763	362	36	is	be	AUX
ajfa-10763	362	37	attenuated	attenuate	VERB
ajfa-10763	362	38	for	for	ADP
ajfa-10763	362	39	firms	firm	NOUN
ajfa-10763	362	40	with	with	ADP
ajfa-10763	362	41	high	high	ADJ
ajfa-10763	362	42	corporate	corporate	ADJ
ajfa-10763	362	43	governance	governance	NOUN
ajfa-10763	362	44	.	.	PUNCT
ajfa-10763	363	1	column	column	NOUN
ajfa-10763	363	2	4	4	NUM
ajfa-10763	363	3	shows	show	VERB
ajfa-10763	363	4	that	that	SCONJ
ajfa-10763	363	5	the	the	DET
ajfa-10763	363	6	interaction	interaction	NOUN
ajfa-10763	363	7	term	term	NOUN
ajfa-10763	363	8	hi_cg×hi_over	hi_cg×hi_over	ADV
ajfa-10763	363	9	is	be	AUX
ajfa-10763	363	10	significantly	significantly	ADV
ajfa-10763	363	11	negative	negative	ADJ
ajfa-10763	363	12	.	.	PUNCT
ajfa-10763	364	1	the	the	DET
ajfa-10763	364	2	result	result	NOUN
ajfa-10763	364	3	indicates	indicate	VERB
ajfa-10763	364	4	that	that	SCONJ
ajfa-10763	364	5	the	the	DET
ajfa-10763	364	6	effectiveness	effectiveness	NOUN
ajfa-10763	364	7	of	of	ADP
ajfa-10763	364	8	corporate	corporate	ADJ
ajfa-10763	364	9	governance	governance	NOUN
ajfa-10763	364	10	can	can	AUX
ajfa-10763	364	11	decrease	decrease	VERB
ajfa-10763	364	12	overconfident	overconfident	ADJ
ajfa-10763	364	13	ceo	ceo	NOUN
ajfa-10763	364	14	's	's	PART
ajfa-10763	364	15	managerial	managerial	ADJ
ajfa-10763	364	16	earnings	earning	NOUN
ajfa-10763	364	17	behavior	behavior	NOUN
ajfa-10763	364	18	in	in	ADP
ajfa-10763	364	19	level	level	NOUN
ajfa-10763	364	20	3	3	NUM
ajfa-10763	364	21	fair	fair	ADJ
ajfa-10763	364	22	values	value	NOUN
ajfa-10763	364	23	to	to	PART
ajfa-10763	364	24	boost	boost	VERB
ajfa-10763	364	25	earnings	earning	NOUN
ajfa-10763	364	26	.	.	PUNCT
ajfa-10763	365	1	thus	thus	ADV
ajfa-10763	365	2	,	,	PUNCT
ajfa-10763	365	3	hypothesis	hypothesis	NOUN
ajfa-10763	365	4	4	4	NUM
ajfa-10763	365	5	is	be	AUX
ajfa-10763	365	6	supported	support	VERB
ajfa-10763	365	7	.	.	PUNCT
ajfa-10763	366	1	table	table	NOUN
ajfa-10763	366	2	3	3	NUM
ajfa-10763	366	3	.	.	PUNCT
ajfa-10763	367	1	regression	regression	NOUN
ajfa-10763	367	2	results	result	VERB
ajfa-10763	367	3	dependent	dependent	ADJ
ajfa-10763	367	4	variable	variable	ADJ
ajfa-10763	367	5	predicted	predict	VERB
ajfa-10763	367	6	sign	sign	NOUN
ajfa-10763	367	7	level3	level3	PROPN
ajfa-10763	368	1	level3_gain	level3_gain	PROPN
ajfa-10763	368	2	level3	level3	PROPN
ajfa-10763	368	3	level3_gain	level3_gain	PUNCT
ajfa-10763	369	1	intercept	intercept	NOUN
ajfa-10763	369	2	?	?	PUNCT
ajfa-10763	370	1	-0.629	-0.629	X
ajfa-10763	371	1	*	*	PUNCT
ajfa-10763	371	2	*	*	PUNCT
ajfa-10763	371	3	*	*	PUNCT
ajfa-10763	371	4	-0.007	-0.007	PUNCT
ajfa-10763	371	5	-0.591	-0.591	NOUN
ajfa-10763	371	6	*	*	PUNCT
ajfa-10763	371	7	*	*	PUNCT
ajfa-10763	371	8	*	*	PUNCT
ajfa-10763	371	9	-0.005	-0.005	PRON
ajfa-10763	371	10	(	(	PUNCT
ajfa-10763	371	11	-3.580	-3.580	X
ajfa-10763	371	12	)	)	PUNCT
ajfa-10763	371	13	(	(	PUNCT
ajfa-10763	371	14	-1.590	-1.590	PROPN
ajfa-10763	371	15	)	)	PUNCT
ajfa-10763	371	16	(	(	PUNCT
ajfa-10763	371	17	-3.370	-3.370	NOUN
ajfa-10763	371	18	)	)	PUNCT
ajfa-10763	371	19	(	(	PUNCT
ajfa-10763	371	20	-1.320	-1.320	X
ajfa-10763	371	21	)	)	PUNCT
ajfa-10763	371	22	hi_over	hi_over	PROPN
ajfa-10763	371	23	+	+	PUNCT
ajfa-10763	371	24	0.021	0.021	NUM
ajfa-10763	371	25	*	*	PUNCT
ajfa-10763	371	26	*	*	PUNCT
ajfa-10763	371	27	0.001	0.001	NUM
ajfa-10763	371	28	*	*	PUNCT
ajfa-10763	371	29	*	*	PUNCT
ajfa-10763	371	30	0.045	0.045	NUM
ajfa-10763	371	31	*	*	PUNCT
ajfa-10763	371	32	*	*	PUNCT
ajfa-10763	371	33	*	*	PUNCT
ajfa-10763	371	34	0.001	0.001	NUM
ajfa-10763	371	35	*	*	PUNCT
ajfa-10763	371	36	*	*	PUNCT
ajfa-10763	371	37	*	*	PUNCT
ajfa-10763	371	38	(	(	PUNCT
ajfa-10763	371	39	1.710	1.710	NUM
ajfa-10763	371	40	)	)	PUNCT
ajfa-10763	371	41	(	(	PUNCT
ajfa-10763	371	42	1.940	1.940	NUM
ajfa-10763	371	43	)	)	PUNCT
ajfa-10763	371	44	(	(	PUNCT
ajfa-10763	371	45	2.850	2.850	NUM
ajfa-10763	371	46	)	)	PUNCT
ajfa-10763	371	47	(	(	PUNCT
ajfa-10763	371	48	3.090	3.090	NUM
ajfa-10763	371	49	)	)	PUNCT
ajfa-10763	371	50	hi_cg	hi_cg	PROPN
ajfa-10763	371	51	?	?	PUNCT
ajfa-10763	372	1	0.024	0.024	NUM
ajfa-10763	372	2	*	*	PUNCT
ajfa-10763	372	3	*	*	PUNCT
ajfa-10763	372	4	0.0003	0.0003	NUM
ajfa-10763	372	5	0.057	0.057	NUM
ajfa-10763	372	6	*	*	PUNCT
ajfa-10763	372	7	*	*	PUNCT
ajfa-10763	372	8	*	*	PUNCT
ajfa-10763	373	1	0.001	0.001	NUM
ajfa-10763	373	2	*	*	PUNCT
ajfa-10763	373	3	*	*	PUNCT
ajfa-10763	373	4	(	(	PUNCT
ajfa-10763	373	5	2.020	2.020	NUM
ajfa-10763	373	6	)	)	PUNCT
ajfa-10763	373	7	(	(	PUNCT
ajfa-10763	373	8	0.070	0.070	NUM
ajfa-10763	373	9	)	)	PUNCT
ajfa-10763	373	10	(	(	PUNCT
ajfa-10763	373	11	3.130	3.130	NUM
ajfa-10763	373	12	)	)	PUNCT
ajfa-10763	373	13	(	(	PUNCT
ajfa-10763	373	14	1.940	1.940	NUM
ajfa-10763	373	15	)	)	PUNCT
ajfa-10763	373	16	hi_over×hi_cg	hi_over×hi_cg	NOUN
ajfa-10763	373	17	-0.053	-0.053	NOUN
ajfa-10763	373	18	*	*	PUNCT
ajfa-10763	373	19	*	*	PUNCT
ajfa-10763	373	20	-0.001	-0.001	PUNCT
ajfa-10763	374	1	*	*	PUNCT
ajfa-10763	374	2	*	*	PUNCT
ajfa-10763	374	3	*	*	PUNCT
ajfa-10763	374	4	(	(	PUNCT
ajfa-10763	374	5	-2.380	-2.380	X
ajfa-10763	374	6	)	)	PUNCT
ajfa-10763	374	7	(	(	PUNCT
ajfa-10763	374	8	-2.520	-2.520	X
ajfa-10763	374	9	)	)	PUNCT
ajfa-10763	374	10	size	size	NOUN
ajfa-10763	374	11	+	+	CCONJ
ajfa-10763	374	12	0.016	0.016	NUM
ajfa-10763	374	13	*	*	PUNCT
ajfa-10763	374	14	*	*	PUNCT
ajfa-10763	375	1	*	*	PUNCT
ajfa-10763	375	2	0.001	0.001	NUM
ajfa-10763	375	3	*	*	PUNCT
ajfa-10763	375	4	*	*	PUNCT
ajfa-10763	375	5	*	*	PUNCT
ajfa-10763	375	6	0.015	0.015	NUM
ajfa-10763	375	7	*	*	PUNCT
ajfa-10763	375	8	*	*	PUNCT
ajfa-10763	375	9	*	*	PUNCT
ajfa-10763	375	10	0.000	0.000	NUM
ajfa-10763	376	1	*	*	PUNCT
ajfa-10763	376	2	*	*	PUNCT
ajfa-10763	376	3	*	*	PUNCT
ajfa-10763	376	4	(	(	PUNCT
ajfa-10763	376	5	4.130	4.130	NUM
ajfa-10763	376	6	)	)	PUNCT
ajfa-10763	376	7	(	(	PUNCT
ajfa-10763	376	8	5.000	5.000	NUM
ajfa-10763	376	9	)	)	PUNCT
ajfa-10763	376	10	(	(	PUNCT
ajfa-10763	376	11	3.800	3.800	NUM
ajfa-10763	376	12	)	)	PUNCT
ajfa-10763	376	13	(	(	PUNCT
ajfa-10763	376	14	4.570	4.570	NUM
ajfa-10763	376	15	)	)	PUNCT
ajfa-10763	376	16	lev	lev	NOUN
ajfa-10763	376	17	+	+	CCONJ
ajfa-10763	376	18	0.545	0.545	NUM
ajfa-10763	376	19	*	*	PUNCT
ajfa-10763	376	20	*	*	PUNCT
ajfa-10763	376	21	*	*	PUNCT
ajfa-10763	376	22	0.002	0.002	NUM
ajfa-10763	376	23	0.497	0.497	NUM
ajfa-10763	376	24	*	*	PUNCT
ajfa-10763	377	1	*	*	PUNCT
ajfa-10763	377	2	0.001	0.001	NUM
ajfa-10763	377	3	(	(	PUNCT
ajfa-10763	377	4	2.790	2.790	NUM
ajfa-10763	377	5	)	)	PUNCT
ajfa-10763	377	6	(	(	PUNCT
ajfa-10763	377	7	0.400	0.400	NUM
ajfa-10763	377	8	)	)	PUNCT
ajfa-10763	377	9	(	(	PUNCT
ajfa-10763	377	10	2.550	2.550	NUM
ajfa-10763	377	11	)	)	PUNCT
ajfa-10763	377	12	(	(	PUNCT
ajfa-10763	377	13	0.120	0.120	NUM
ajfa-10763	377	14	)	)	PUNCT
ajfa-10763	377	15	roa	roa	PROPN
ajfa-10763	377	16	-1.181	-1.181	NOUN
ajfa-10763	377	17	*	*	PUNCT
ajfa-10763	377	18	*	*	NOUN
ajfa-10763	377	19	0.016	0.016	NUM
ajfa-10763	377	20	*	*	PUNCT
ajfa-10763	377	21	-1.086	-1.086	PUNCT
ajfa-10763	377	22	*	*	PUNCT
ajfa-10763	377	23	*	*	PUNCT
ajfa-10763	377	24	0.019	0.019	NUM
ajfa-10763	377	25	*	*	PUNCT
ajfa-10763	377	26	(	(	PUNCT
ajfa-10763	377	27	-2.450	-2.450	NOUN
ajfa-10763	377	28	)	)	PUNCT
ajfa-10763	377	29	(	(	PUNCT
ajfa-10763	377	30	1.430	1.430	NUM
ajfa-10763	377	31	)	)	PUNCT
ajfa-10763	377	32	(	(	PUNCT
ajfa-10763	377	33	-2.260	-2.260	X
ajfa-10763	377	34	)	)	PUNCT
ajfa-10763	377	35	(	(	PUNCT
ajfa-10763	377	36	1.640	1.640	NUM
ajfa-10763	377	37	)	)	PUNCT
ajfa-10763	377	38	ocf	ocf	NOUN
ajfa-10763	377	39	-0.609	-0.609	PUNCT
ajfa-10763	377	40	*	*	PUNCT
ajfa-10763	377	41	*	*	PUNCT
ajfa-10763	377	42	0.010	0.010	NUM
ajfa-10763	377	43	-0.720	-0.720	NOUN
ajfa-10763	377	44	*	*	PUNCT
ajfa-10763	377	45	*	*	PUNCT
ajfa-10763	377	46	0.007	0.007	NUM
ajfa-10763	377	47	(	(	PUNCT
ajfa-10763	377	48	-1.790	-1.790	NOUN
ajfa-10763	377	49	)	)	PUNCT
ajfa-10763	377	50	(	(	PUNCT
ajfa-10763	377	51	1.280	1.280	NUM
ajfa-10763	377	52	)	)	PUNCT
ajfa-10763	377	53	(	(	PUNCT
ajfa-10763	377	54	-2.120	-2.120	PUNCT
ajfa-10763	377	55	)	)	PUNCT
ajfa-10763	377	56	(	(	PUNCT
ajfa-10763	377	57	0.860	0.860	NUM
ajfa-10763	377	58	)	)	PUNCT
ajfa-10763	377	59	afll	afll	PROPN
ajfa-10763	378	1	+	+	CCONJ
ajfa-10763	379	1	1.497	1.497	NUM
ajfa-10763	379	2	*	*	PUNCT
ajfa-10763	379	3	0.037	0.037	NUM
ajfa-10763	379	4	*	*	PUNCT
ajfa-10763	379	5	1.660	1.660	NUM
ajfa-10763	379	6	*	*	PUNCT
ajfa-10763	379	7	*	*	PUNCT
ajfa-10763	379	8	0.042	0.042	NUM
ajfa-10763	379	9	*	*	PUNCT
ajfa-10763	379	10	*	*	PUNCT
ajfa-10763	379	11	(	(	PUNCT
ajfa-10763	379	12	1.560	1.560	NUM
ajfa-10763	379	13	)	)	PUNCT
ajfa-10763	379	14	(	(	PUNCT
ajfa-10763	379	15	1.640	1.640	NUM
ajfa-10763	379	16	)	)	PUNCT
ajfa-10763	379	17	(	(	PUNCT
ajfa-10763	379	18	1.740	1.740	NUM
ajfa-10763	379	19	)	)	PUNCT
ajfa-10763	379	20	(	(	PUNCT
ajfa-10763	379	21	1.860	1.860	NUM
ajfa-10763	379	22	)	)	PUNCT
ajfa-10763	379	23	pfll	pfll	NOUN
ajfa-10763	379	24	+	+	CCONJ
ajfa-10763	379	25	0.0002	0.0002	NUM
ajfa-10763	379	26	-0.000006	-0.000006	ADJ
ajfa-10763	379	27	0.0004	0.0004	NUM
ajfa-10763	379	28	-0.000002	-0.000002	NOUN
ajfa-10763	379	29	(	(	PUNCT
ajfa-10763	379	30	0.160	0.160	NUM
ajfa-10763	379	31	)	)	PUNCT
ajfa-10763	379	32	(	(	PUNCT
ajfa-10763	379	33	-0.240	-0.240	NOUN
ajfa-10763	379	34	)	)	PUNCT
ajfa-10763	379	35	(	(	PUNCT
ajfa-10763	379	36	0.370	0.370	NUM
ajfa-10763	379	37	)	)	PUNCT
ajfa-10763	379	38	(	(	PUNCT
ajfa-10763	379	39	-0.080	-0.080	NOUN
ajfa-10763	379	40	)	)	PUNCT
ajfa-10763	380	1	adj	adj	PROPN
ajfa-10763	380	2	.	.	PROPN
ajfa-10763	380	3	r2	r2	PROPN
ajfa-10763	380	4	0.164	0.164	NUM
ajfa-10763	380	5	0.101	0.101	NUM
ajfa-10763	380	6	0.178	0.178	NUM
ajfa-10763	380	7	0.118	0.118	NUM
ajfa-10763	380	8	note	note	NOUN
ajfa-10763	380	9	:	:	PUNCT
ajfa-10763	380	10	1	1	X
ajfa-10763	380	11	.	.	X
ajfa-10763	380	12	n=283	n=283	PROPN
ajfa-10763	380	13	.	.	PUNCT
ajfa-10763	381	1	2	2	X
ajfa-10763	381	2	.	.	X
ajfa-10763	381	3	see	see	VERB
ajfa-10763	381	4	table	table	NOUN
ajfa-10763	381	5	1	1	NUM
ajfa-10763	381	6	for	for	ADP
ajfa-10763	381	7	variable	variable	ADJ
ajfa-10763	381	8	definitions	definition	NOUN
ajfa-10763	381	9	.	.	PUNCT
ajfa-10763	382	1	3	3	X
ajfa-10763	382	2	.	.	X
ajfa-10763	383	1	*	*	PUNCT
ajfa-10763	384	1	*	*	PUNCT
ajfa-10763	384	2	*	*	PUNCT
ajfa-10763	384	3	,	,	PUNCT
ajfa-10763	384	4	*	*	PUNCT
ajfa-10763	384	5	*	*	PUNCT
ajfa-10763	384	6	,	,	PUNCT
ajfa-10763	384	7	and	and	CCONJ
ajfa-10763	384	8	*	*	PUNCT
ajfa-10763	384	9	indicate	indicate	VERB
ajfa-10763	384	10	significance	significance	NOUN
ajfa-10763	384	11	at	at	ADP
ajfa-10763	384	12	the	the	DET
ajfa-10763	384	13	1	1	NUM
ajfa-10763	384	14	%	%	NOUN
ajfa-10763	384	15	,	,	PUNCT
ajfa-10763	384	16	5	5	NUM
ajfa-10763	384	17	%	%	NOUN
ajfa-10763	384	18	,	,	PUNCT
ajfa-10763	384	19	and	and	CCONJ
ajfa-10763	384	20	10	10	NUM
ajfa-10763	384	21	%	%	NOUN
ajfa-10763	384	22	level	level	NOUN
ajfa-10763	384	23	,	,	PUNCT
ajfa-10763	384	24	respectively	respectively	ADV
ajfa-10763	384	25	;	;	PUNCT
ajfa-10763	384	26	one	one	NUM
ajfa-10763	384	27	-	-	PUNCT
ajfa-10763	384	28	tailed	tail	VERB
ajfa-10763	384	29	for	for	ADP
ajfa-10763	384	30	all	all	DET
ajfa-10763	384	31	coefficients	coefficient	NOUN
ajfa-10763	384	32	except	except	SCONJ
ajfa-10763	384	33	for	for	ADP
ajfa-10763	384	34	those	those	PRON
ajfa-10763	384	35	without	without	ADP
ajfa-10763	384	36	predicted	predict	VERB
ajfa-10763	384	37	signs	sign	NOUN
ajfa-10763	384	38	.	.	PUNCT
ajfa-10763	385	1	4	4	X
ajfa-10763	385	2	.	.	X
ajfa-10763	385	3	if	if	SCONJ
ajfa-10763	385	4	the	the	DET
ajfa-10763	385	5	white	white	PROPN
ajfa-10763	385	6	test	test	PROPN
ajfa-10763	385	7	statistics	statistic	NOUN
ajfa-10763	385	8	reveals	reveal	VERB
ajfa-10763	385	9	the	the	DET
ajfa-10763	385	10	heterogeneity	heterogeneity	NOUN
ajfa-10763	385	11	problem	problem	NOUN
ajfa-10763	385	12	,	,	PUNCT
ajfa-10763	385	13	the	the	DET
ajfa-10763	385	14	t	t	NOUN
ajfa-10763	385	15	-	-	PUNCT
ajfa-10763	385	16	values	value	NOUN
ajfa-10763	385	17	are	be	AUX
ajfa-10763	385	18	calculated	calculate	VERB
ajfa-10763	385	19	based	base	VERB
ajfa-10763	385	20	on	on	ADP
ajfa-10763	385	21	the	the	DET
ajfa-10763	385	22	heteroskedasticity	heteroskedasticity	NOUN
ajfa-10763	385	23	-	-	PUNCT
ajfa-10763	385	24	consistent	consistent	ADJ
ajfa-10763	385	25	covariance	covariance	NOUN
ajfa-10763	385	26	matrix	matrix	NOUN
ajfa-10763	385	27	following	follow	VERB
ajfa-10763	385	28	white	white	ADJ
ajfa-10763	385	29	(	(	PUNCT
ajfa-10763	385	30	1980	1980	NUM
ajfa-10763	385	31	)	)	PUNCT
ajfa-10763	385	32	.	.	PUNCT
ajfa-10763	386	1	5.vifs	5.vifs	NUM
ajfa-10763	386	2	are	be	AUX
ajfa-10763	386	3	all	all	ADV
ajfa-10763	386	4	smaller	small	ADJ
ajfa-10763	386	5	than	than	ADP
ajfa-10763	386	6	10	10	NUM
ajfa-10763	386	7	.	.	PUNCT
ajfa-10763	387	1	asian	asian	ADJ
ajfa-10763	387	2	journal	journal	PROPN
ajfa-10763	387	3	of	of	ADP
ajfa-10763	387	4	finance	finance	PROPN
ajfa-10763	387	5	&	&	CCONJ
ajfa-10763	387	6	accounting	accounting	PROPN
ajfa-10763	387	7	issn	issn	PROPN
ajfa-10763	387	8	1946	1946	NUM
ajfa-10763	387	9	-	-	PUNCT
ajfa-10763	387	10	052x	052x	PROPN
ajfa-10763	387	11	2017	2017	NUM
ajfa-10763	387	12	,	,	PUNCT
ajfa-10763	387	13	vol	vol	NOUN
ajfa-10763	387	14	.	.	NOUN
ajfa-10763	387	15	9	9	NUM
ajfa-10763	387	16	,	,	PUNCT
ajfa-10763	387	17	no	no	INTJ
ajfa-10763	387	18	.	.	NOUN
ajfa-10763	387	19	1	1	NUM
ajfa-10763	387	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	387	21	149	149	NUM
ajfa-10763	387	22	5	5	NUM
ajfa-10763	387	23	.	.	PUNCT
ajfa-10763	388	1	summary	summary	NOUN
ajfa-10763	388	2	and	and	CCONJ
ajfa-10763	388	3	conclusion	conclusion	NOUN
ajfa-10763	388	4	this	this	DET
ajfa-10763	388	5	paper	paper	NOUN
ajfa-10763	388	6	provides	provide	VERB
ajfa-10763	388	7	evidence	evidence	NOUN
ajfa-10763	388	8	how	how	SCONJ
ajfa-10763	388	9	ceo	ceo	NOUN
ajfa-10763	388	10	overconfidence	overconfidence	NOUN
ajfa-10763	388	11	and	and	CCONJ
ajfa-10763	388	12	corporate	corporate	ADJ
ajfa-10763	388	13	governance	governance	NOUN
ajfa-10763	388	14	affect	affect	VERB
ajfa-10763	388	15	managerial	managerial	ADJ
ajfa-10763	388	16	fair	fair	ADJ
ajfa-10763	388	17	value	value	NOUN
ajfa-10763	388	18	reporting	reporting	NOUN
ajfa-10763	388	19	behavior	behavior	NOUN
ajfa-10763	388	20	.	.	PUNCT
ajfa-10763	389	1	using	use	VERB
ajfa-10763	389	2	a	a	DET
ajfa-10763	389	3	us	us	PROPN
ajfa-10763	389	4	sample	sample	NOUN
ajfa-10763	389	5	drawn	draw	VERB
ajfa-10763	389	6	from	from	ADP
ajfa-10763	389	7	2008	2008	NUM
ajfa-10763	389	8	to	to	ADP
ajfa-10763	389	9	2011	2011	NUM
ajfa-10763	389	10	,	,	PUNCT
ajfa-10763	389	11	the	the	DET
ajfa-10763	389	12	results	result	NOUN
ajfa-10763	389	13	of	of	ADP
ajfa-10763	389	14	this	this	DET
ajfa-10763	389	15	paper	paper	NOUN
ajfa-10763	389	16	show	show	VERB
ajfa-10763	389	17	that	that	SCONJ
ajfa-10763	389	18	firms	firm	NOUN
ajfa-10763	389	19	with	with	ADP
ajfa-10763	389	20	higher	high	ADJ
ajfa-10763	389	21	ceo	ceo	NOUN
ajfa-10763	389	22	overconfidence	overconfidence	NOUN
ajfa-10763	389	23	report	report	VERB
ajfa-10763	389	24	more	more	ADJ
ajfa-10763	389	25	level	level	NOUN
ajfa-10763	389	26	3	3	NUM
ajfa-10763	389	27	fair	fair	ADJ
ajfa-10763	389	28	values	value	NOUN
ajfa-10763	389	29	and	and	CCONJ
ajfa-10763	389	30	gains	gain	NOUN
ajfa-10763	389	31	from	from	ADP
ajfa-10763	389	32	level	level	NOUN
ajfa-10763	389	33	3	3	NUM
ajfa-10763	389	34	fair	fair	ADJ
ajfa-10763	389	35	values	value	NOUN
ajfa-10763	389	36	.	.	PUNCT
ajfa-10763	390	1	the	the	DET
ajfa-10763	390	2	results	result	NOUN
ajfa-10763	390	3	also	also	ADV
ajfa-10763	390	4	indicates	indicate	VERB
ajfa-10763	390	5	that	that	SCONJ
ajfa-10763	390	6	the	the	DET
ajfa-10763	390	7	positive	positive	ADJ
ajfa-10763	390	8	relationship	relationship	NOUN
ajfa-10763	390	9	between	between	ADP
ajfa-10763	390	10	higher	high	ADJ
ajfa-10763	390	11	ceo	ceo	NOUN
ajfa-10763	390	12	overconfidence	overconfidence	NOUN
ajfa-10763	390	13	and	and	CCONJ
ajfa-10763	390	14	level	level	NOUN
ajfa-10763	390	15	3	3	NUM
ajfa-10763	390	16	fair	fair	ADJ
ajfa-10763	390	17	values	value	NOUN
ajfa-10763	390	18	reporting	reporting	NOUN
ajfa-10763	390	19	is	be	AUX
ajfa-10763	390	20	attenuated	attenuate	VERB
ajfa-10763	390	21	for	for	ADP
ajfa-10763	390	22	firms	firm	NOUN
ajfa-10763	390	23	with	with	ADP
ajfa-10763	390	24	high	high	ADJ
ajfa-10763	390	25	corporate	corporate	ADJ
ajfa-10763	390	26	governance	governance	NOUN
ajfa-10763	390	27	.	.	PUNCT
ajfa-10763	391	1	this	this	DET
ajfa-10763	391	2	paper	paper	NOUN
ajfa-10763	391	3	contributes	contribute	VERB
ajfa-10763	391	4	to	to	ADP
ajfa-10763	391	5	the	the	DET
ajfa-10763	391	6	literature	literature	NOUN
ajfa-10763	391	7	by	by	ADP
ajfa-10763	391	8	demonstrating	demonstrate	VERB
ajfa-10763	391	9	that	that	SCONJ
ajfa-10763	391	10	ceo	ceo	NOUN
ajfa-10763	391	11	overconfidence	overconfidence	NOUN
ajfa-10763	391	12	significantly	significantly	ADV
ajfa-10763	391	13	affects	affect	VERB
ajfa-10763	391	14	fair	fair	ADJ
ajfa-10763	391	15	value	value	NOUN
ajfa-10763	391	16	reporting	reporting	NOUN
ajfa-10763	391	17	.	.	PUNCT
ajfa-10763	392	1	to	to	ADP
ajfa-10763	392	2	our	our	PRON
ajfa-10763	392	3	knowledge	knowledge	NOUN
ajfa-10763	392	4	,	,	PUNCT
ajfa-10763	392	5	prior	prior	ADJ
ajfa-10763	392	6	work	work	NOUN
ajfa-10763	392	7	has	have	AUX
ajfa-10763	392	8	not	not	PART
ajfa-10763	392	9	demonstrated	demonstrate	VERB
ajfa-10763	392	10	the	the	DET
ajfa-10763	392	11	presence	presence	NOUN
ajfa-10763	392	12	of	of	ADP
ajfa-10763	392	13	these	these	DET
ajfa-10763	392	14	effects	effect	NOUN
ajfa-10763	392	15	.	.	PUNCT
ajfa-10763	393	1	in	in	ADP
ajfa-10763	393	2	addition	addition	NOUN
ajfa-10763	393	3	,	,	PUNCT
ajfa-10763	393	4	this	this	DET
ajfa-10763	393	5	study	study	NOUN
ajfa-10763	393	6	also	also	ADV
ajfa-10763	393	7	extends	extend	VERB
ajfa-10763	393	8	the	the	DET
ajfa-10763	393	9	literature	literature	NOUN
ajfa-10763	393	10	by	by	ADP
ajfa-10763	393	11	investigating	investigate	VERB
ajfa-10763	393	12	whether	whether	SCONJ
ajfa-10763	393	13	earnings	earning	NOUN
ajfa-10763	393	14	management	management	NOUN
ajfa-10763	393	15	is	be	AUX
ajfa-10763	393	16	associated	associate	VERB
ajfa-10763	393	17	with	with	ADP
ajfa-10763	393	18	an	an	DET
ajfa-10763	393	19	individual	individual	ADJ
ajfa-10763	393	20	characteristic	characteristic	NOUN
ajfa-10763	393	21	of	of	ADP
ajfa-10763	393	22	the	the	DET
ajfa-10763	393	23	ceo	ceo	NOUN
ajfa-10763	393	24	,	,	PUNCT
ajfa-10763	393	25	termed	term	VERB
ajfa-10763	393	26	“	"	PUNCT
ajfa-10763	393	27	overconfidence	overconfidence	NOUN
ajfa-10763	393	28	”	"	PUNCT
ajfa-10763	393	29	by	by	ADP
ajfa-10763	393	30	prior	prior	ADJ
ajfa-10763	393	31	finance	finance	NOUN
ajfa-10763	393	32	research	research	NOUN
ajfa-10763	393	33	(	(	PUNCT
ajfa-10763	393	34	malmendier	malmendier	NOUN
ajfa-10763	393	35	and	and	CCONJ
ajfa-10763	393	36	tate	tate	NOUN
ajfa-10763	393	37	,	,	PUNCT
ajfa-10763	393	38	2005	2005	NUM
ajfa-10763	393	39	)	)	PUNCT
ajfa-10763	393	40	.	.	PUNCT
ajfa-10763	394	1	second	second	ADV
ajfa-10763	394	2	,	,	PUNCT
ajfa-10763	394	3	my	my	PRON
ajfa-10763	394	4	study	study	NOUN
ajfa-10763	394	5	contributes	contribute	VERB
ajfa-10763	394	6	to	to	ADP
ajfa-10763	394	7	the	the	DET
ajfa-10763	394	8	literature	literature	NOUN
ajfa-10763	394	9	by	by	ADP
ajfa-10763	394	10	examining	examine	VERB
ajfa-10763	394	11	directly	directly	ADV
ajfa-10763	394	12	the	the	DET
ajfa-10763	394	13	association	association	NOUN
ajfa-10763	394	14	between	between	ADP
ajfa-10763	394	15	the	the	DET
ajfa-10763	394	16	strength	strength	NOUN
ajfa-10763	394	17	of	of	ADP
ajfa-10763	394	18	corporate	corporate	ADJ
ajfa-10763	394	19	governance	governance	NOUN
ajfa-10763	394	20	and	and	CCONJ
ajfa-10763	394	21	managerial	managerial	ADJ
ajfa-10763	394	22	fair	fair	ADJ
ajfa-10763	394	23	value	value	NOUN
ajfa-10763	394	24	reporting	reporting	NOUN
ajfa-10763	394	25	behavior	behavior	NOUN
ajfa-10763	394	26	.	.	PUNCT
ajfa-10763	395	1	references	reference	NOUN
ajfa-10763	395	2	aboody	aboody	PROPN
ajfa-10763	395	3	,	,	PUNCT
ajfa-10763	395	4	d.	d.	PROPN
ajfa-10763	395	5	,	,	PUNCT
ajfa-10763	395	6	barth	barth	PROPN
ajfa-10763	395	7	,	,	PUNCT
ajfa-10763	395	8	m.	m.	PROPN
ajfa-10763	395	9	e.	e.	PROPN
ajfa-10763	395	10	,	,	PUNCT
ajfa-10763	395	11	&	&	CCONJ
ajfa-10763	395	12	kasznik	kasznik	PROPN
ajfa-10763	395	13	,	,	PUNCT
ajfa-10763	395	14	r.	r.	PROPN
ajfa-10763	395	15	(	(	PUNCT
ajfa-10763	395	16	2006	2006	NUM
ajfa-10763	395	17	)	)	PUNCT
ajfa-10763	395	18	.	.	PUNCT
ajfa-10763	396	1	do	do	AUX
ajfa-10763	396	2	firms	firm	NOUN
ajfa-10763	396	3	understate	understate	VERB
ajfa-10763	396	4	stock	stock	NOUN
ajfa-10763	396	5	option	option	NOUN
ajfa-10763	396	6	-	-	PUNCT
ajfa-10763	396	7	based	base	VERB
ajfa-10763	396	8	compensation	compensation	NOUN
ajfa-10763	396	9	expense	expense	NOUN
ajfa-10763	396	10	disclosed	disclose	VERB
ajfa-10763	396	11	under	under	ADP
ajfa-10763	396	12	fas	fas	PROPN
ajfa-10763	396	13	123	123	NUM
ajfa-10763	396	14	.	.	PUNCT
ajfa-10763	397	1	review	review	NOUN
ajfa-10763	397	2	of	of	ADP
ajfa-10763	397	3	accounting	accounting	NOUN
ajfa-10763	397	4	studies	study	NOUN
ajfa-10763	397	5	,	,	PUNCT
ajfa-10763	397	6	11(4	11(4	NUM
ajfa-10763	397	7	)	)	PUNCT
ajfa-10763	397	8	,	,	PUNCT
ajfa-10763	397	9	429	429	NUM
ajfa-10763	397	10	-	-	SYM
ajfa-10763	397	11	461	461	NUM
ajfa-10763	397	12	.	.	PUNCT
ajfa-10763	398	1	http://dx.doi.org/10.1007/s11142-006-9013-0	http://dx.doi.org/10.1007/s11142-006-9013-0	PUNCT
ajfa-10763	398	2	ahmed	ahme	VERB
ajfa-10763	398	3	,	,	PUNCT
ajfa-10763	398	4	a.	a.	PROPN
ajfa-10763	398	5	s.	s.	PROPN
ajfa-10763	398	6	,	,	PUNCT
ajfa-10763	398	7	&	&	CCONJ
ajfa-10763	398	8	duellman	duellman	PROPN
ajfa-10763	398	9	,	,	PUNCT
ajfa-10763	398	10	s.	s.	PROPN
ajfa-10763	398	11	(	(	PUNCT
ajfa-10763	398	12	2013	2013	NUM
ajfa-10763	398	13	)	)	PUNCT
ajfa-10763	398	14	.	.	PUNCT
ajfa-10763	399	1	managerial	managerial	ADJ
ajfa-10763	399	2	overconfidence	overconfidence	NOUN
ajfa-10763	399	3	and	and	CCONJ
ajfa-10763	399	4	accounting	accounting	NOUN
ajfa-10763	399	5	conservatism	conservatism	NOUN
ajfa-10763	399	6	.	.	PUNCT
ajfa-10763	400	1	journal	journal	NOUN
ajfa-10763	400	2	of	of	ADP
ajfa-10763	400	3	accounting	accounting	NOUN
ajfa-10763	400	4	research	research	NOUN
ajfa-10763	400	5	,	,	PUNCT
ajfa-10763	400	6	51(1	51(1	NUM
ajfa-10763	400	7	)	)	PUNCT
ajfa-10763	400	8	,	,	PUNCT
ajfa-10763	400	9	1	1	NUM
ajfa-10763	400	10	-	-	SYM
ajfa-10763	400	11	30	30	NUM
ajfa-10763	400	12	.	.	PUNCT
ajfa-10763	401	1	http://dx.doi.org/10.1111/j.1475-679x.2012.00467.x	http://dx.doi.org/10.1111/j.1475-679x.2012.00467.x	PROPN
ajfa-10763	401	2	altamuro	altamuro	NOUN
ajfa-10763	401	3	,	,	PUNCT
ajfa-10763	401	4	j.	j.	PROPN
ajfa-10763	401	5	,	,	PUNCT
ajfa-10763	401	6	&	&	CCONJ
ajfa-10763	401	7	zhang	zhang	PROPN
ajfa-10763	401	8	,	,	PUNCT
ajfa-10763	401	9	h.	h.	PROPN
ajfa-10763	401	10	(	(	PUNCT
ajfa-10763	401	11	2013	2013	NUM
ajfa-10763	401	12	)	)	PUNCT
ajfa-10763	401	13	.	.	PUNCT
ajfa-10763	402	1	the	the	DET
ajfa-10763	402	2	financial	financial	ADJ
ajfa-10763	402	3	reporting	reporting	NOUN
ajfa-10763	402	4	of	of	ADP
ajfa-10763	402	5	fair	fair	ADJ
ajfa-10763	402	6	value	value	NOUN
ajfa-10763	402	7	based	base	VERB
ajfa-10763	402	8	on	on	ADP
ajfa-10763	402	9	managerial	managerial	ADJ
ajfa-10763	402	10	inputs	input	NOUN
ajfa-10763	402	11	versus	versus	ADP
ajfa-10763	402	12	market	market	NOUN
ajfa-10763	402	13	inputs	input	NOUN
ajfa-10763	402	14	:	:	PUNCT
ajfa-10763	402	15	evidence	evidence	NOUN
ajfa-10763	402	16	from	from	ADP
ajfa-10763	402	17	mortgage	mortgage	NOUN
ajfa-10763	402	18	servicing	servicing	NOUN
ajfa-10763	402	19	rights	right	NOUN
ajfa-10763	402	20	.	.	PUNCT
ajfa-10763	403	1	review	review	NOUN
ajfa-10763	403	2	of	of	ADP
ajfa-10763	403	3	accounting	accounting	NOUN
ajfa-10763	403	4	studies	study	NOUN
ajfa-10763	403	5	,	,	PUNCT
ajfa-10763	403	6	18	18	NUM
ajfa-10763	403	7	,	,	PUNCT
ajfa-10763	403	8	833	833	NUM
ajfa-10763	403	9	-	-	SYM
ajfa-10763	403	10	858	858	NUM
ajfa-10763	403	11	.	.	PUNCT
ajfa-10763	403	12	http://dx.doi.org/10.1007/s11142-013-9234-y	http://dx.doi.org/10.1007/s11142-013-9234-y	PROPN
ajfa-10763	403	13	baker	baker	PROPN
ajfa-10763	403	14	,	,	PUNCT
ajfa-10763	403	15	m.	m.	NOUN
ajfa-10763	403	16	,	,	PUNCT
ajfa-10763	403	17	r.	r.	PROPN
ajfa-10763	403	18	ruback	ruback	PROPN
ajfa-10763	403	19	,	,	PUNCT
ajfa-10763	403	20	&	&	CCONJ
ajfa-10763	403	21	wurgler	wurgler	PROPN
ajfa-10763	403	22	,	,	PUNCT
ajfa-10763	403	23	j.	j.	PROPN
ajfa-10763	403	24	(	(	PUNCT
ajfa-10763	403	25	2007	2007	NUM
ajfa-10763	403	26	)	)	PUNCT
ajfa-10763	403	27	.	.	PUNCT
ajfa-10763	404	1	behavioral	behavioral	ADJ
ajfa-10763	404	2	corporate	corporate	ADJ
ajfa-10763	404	3	finance	finance	NOUN
ajfa-10763	404	4	:	:	PUNCT
ajfa-10763	404	5	a	a	DET
ajfa-10763	404	6	survey	survey	NOUN
ajfa-10763	404	7	.	.	PUNCT
ajfa-10763	405	1	in	in	ADP
ajfa-10763	405	2	the	the	DET
ajfa-10763	405	3	handbook	handbook	NOUN
ajfa-10763	405	4	of	of	ADP
ajfa-10763	405	5	corporate	corporate	ADJ
ajfa-10763	405	6	finance	finance	NOUN
ajfa-10763	405	7	:	:	PUNCT
ajfa-10763	405	8	empirical	empirical	ADJ
ajfa-10763	405	9	corporate	corporate	ADJ
ajfa-10763	405	10	finance	finance	NOUN
ajfa-10763	405	11	,	,	PUNCT
ajfa-10763	405	12	edited	edit	VERB
ajfa-10763	405	13	by	by	ADP
ajfa-10763	405	14	b.	b.	PROPN
ajfa-10763	405	15	espen	espen	PROPN
ajfa-10763	405	16	eckbo	eckbo	PROPN
ajfa-10763	405	17	,	,	PUNCT
ajfa-10763	405	18	145	145	NUM
ajfa-10763	405	19	-	-	SYM
ajfa-10763	405	20	186	186	NUM
ajfa-10763	405	21	.	.	PUNCT
ajfa-10763	406	1	new	new	PROPN
ajfa-10763	406	2	york	york	PROPN
ajfa-10763	406	3	:	:	PUNCT
ajfa-10763	406	4	elsevier	elsevier	PROPN
ajfa-10763	406	5	/	/	SYM
ajfa-10763	406	6	north	north	PROPN
ajfa-10763	406	7	-	-	PUNCT
ajfa-10763	406	8	holland	holland	NOUN
ajfa-10763	406	9	.	.	PUNCT
ajfa-10763	407	1	http://dx.doi.org/10.3386/w10863	http://dx.doi.org/10.3386/w10863	ADJ
ajfa-10763	407	2	barlev	barlev	NOUN
ajfa-10763	407	3	,	,	PUNCT
ajfa-10763	407	4	b.	b.	PROPN
ajfa-10763	407	5	,	,	PUNCT
ajfa-10763	407	6	&	&	CCONJ
ajfa-10763	407	7	haddad	haddad	PROPN
ajfa-10763	407	8	,	,	PUNCT
ajfa-10763	407	9	j.	j.	PROPN
ajfa-10763	407	10	r.	r.	PROPN
ajfa-10763	407	11	(	(	PUNCT
ajfa-10763	407	12	2003	2003	NUM
ajfa-10763	407	13	)	)	PUNCT
ajfa-10763	407	14	.	.	PUNCT
ajfa-10763	408	1	fair	fair	ADJ
ajfa-10763	408	2	value	value	NOUN
ajfa-10763	408	3	accounting	accounting	NOUN
ajfa-10763	408	4	and	and	CCONJ
ajfa-10763	408	5	the	the	DET
ajfa-10763	408	6	management	management	NOUN
ajfa-10763	408	7	of	of	ADP
ajfa-10763	408	8	the	the	DET
ajfa-10763	408	9	firm	firm	NOUN
ajfa-10763	408	10	.	.	PUNCT
ajfa-10763	409	1	critical	critical	ADJ
ajfa-10763	409	2	perspectives	perspective	NOUN
ajfa-10763	409	3	on	on	ADP
ajfa-10763	409	4	accounting	account	VERB
ajfa-10763	409	5	,	,	PUNCT
ajfa-10763	409	6	14	14	NUM
ajfa-10763	409	7	,	,	PUNCT
ajfa-10763	409	8	383	383	NUM
ajfa-10763	409	9	-	-	SYM
ajfa-10763	409	10	415	415	NUM
ajfa-10763	409	11	.	.	PUNCT
ajfa-10763	410	1	http://dx.doi.org/10.1016/s1045235402001399	http://dx.doi.org/10.1016/s1045235402001399	PROPN
ajfa-10763	410	2	barth	barth	PROPN
ajfa-10763	410	3	,	,	PUNCT
ajfa-10763	410	4	m.	m.	PROPN
ajfa-10763	410	5	e.	e.	PROPN
ajfa-10763	410	6	,	,	PUNCT
ajfa-10763	410	7	&	&	CCONJ
ajfa-10763	410	8	clinch	clinch	PROPN
ajfa-10763	410	9	,	,	PUNCT
ajfa-10763	410	10	g.	g.	PROPN
ajfa-10763	410	11	(	(	PUNCT
ajfa-10763	410	12	1998	1998	NUM
ajfa-10763	410	13	)	)	PUNCT
ajfa-10763	410	14	.	.	PUNCT
ajfa-10763	411	1	revalued	revalue	VERB
ajfa-10763	411	2	financial	financial	ADJ
ajfa-10763	411	3	tangible	tangible	ADJ
ajfa-10763	411	4	,	,	PUNCT
ajfa-10763	411	5	and	and	CCONJ
ajfa-10763	411	6	intangible	intangible	ADJ
ajfa-10763	411	7	assets	asset	NOUN
ajfa-10763	411	8	:	:	PUNCT
ajfa-10763	411	9	associations	association	NOUN
ajfa-10763	411	10	with	with	ADP
ajfa-10763	411	11	share	share	NOUN
ajfa-10763	411	12	prices	price	NOUN
ajfa-10763	411	13	and	and	CCONJ
ajfa-10763	411	14	non	non	ADJ
ajfa-10763	411	15	-	-	ADJ
ajfa-10763	411	16	market	market	NOUN
ajfa-10763	411	17	-	-	PUNCT
ajfa-10763	411	18	based	base	VERB
ajfa-10763	411	19	value	value	NOUN
ajfa-10763	411	20	estimates	estimate	NOUN
ajfa-10763	411	21	.	.	PUNCT
ajfa-10763	412	1	journal	journal	NOUN
ajfa-10763	412	2	of	of	ADP
ajfa-10763	412	3	accounting	accounting	NOUN
ajfa-10763	412	4	research	research	NOUN
ajfa-10763	412	5	,	,	PUNCT
ajfa-10763	412	6	36(3	36(3	NUM
ajfa-10763	412	7	)	)	PUNCT
ajfa-10763	412	8	,	,	PUNCT
ajfa-10763	412	9	199	199	NUM
ajfa-10763	412	10	-	-	SYM
ajfa-10763	412	11	233	233	NUM
ajfa-10763	412	12	.	.	PUNCT
ajfa-10763	413	1	http://dx.doi.org/10.2307/2491314	http://dx.doi.org/10.2307/2491314	PROPN
ajfa-10763	413	2	bartov	bartov	PROPN
ajfa-10763	413	3	,	,	PUNCT
ajfa-10763	413	4	e.	e.	PROPN
ajfa-10763	413	5	,	,	PUNCT
ajfa-10763	413	6	mohanram	mohanram	PROPN
ajfa-10763	413	7	,	,	PUNCT
ajfa-10763	413	8	p.	p.	NOUN
ajfa-10763	413	9	,	,	PUNCT
ajfa-10763	413	10	&	&	CCONJ
ajfa-10763	413	11	nissim	nissim	PROPN
ajfa-10763	413	12	,	,	PUNCT
ajfa-10763	413	13	d.	d.	PROPN
ajfa-10763	413	14	(	(	PUNCT
ajfa-10763	413	15	2007	2007	NUM
ajfa-10763	413	16	)	)	PUNCT
ajfa-10763	413	17	.	.	PUNCT
ajfa-10763	414	1	managerial	managerial	ADJ
ajfa-10763	414	2	discretion	discretion	NOUN
ajfa-10763	414	3	and	and	CCONJ
ajfa-10763	414	4	the	the	DET
ajfa-10763	414	5	economic	economic	ADJ
ajfa-10763	414	6	determinations	determination	NOUN
ajfa-10763	414	7	of	of	ADP
ajfa-10763	414	8	the	the	DET
ajfa-10763	414	9	disclosed	disclose	VERB
ajfa-10763	414	10	volatility	volatility	NOUN
ajfa-10763	414	11	parameter	parameter	NOUN
ajfa-10763	414	12	for	for	ADP
ajfa-10763	414	13	valuing	value	VERB
ajfa-10763	414	14	esos	esos	PROPN
ajfa-10763	414	15	.	.	PUNCT
ajfa-10763	415	1	review	review	NOUN
ajfa-10763	415	2	of	of	ADP
ajfa-10763	415	3	accounting	accounting	NOUN
ajfa-10763	415	4	studies	study	NOUN
ajfa-10763	415	5	,	,	PUNCT
ajfa-10763	415	6	12(1	12(1	NUM
ajfa-10763	415	7	)	)	PUNCT
ajfa-10763	415	8	,	,	PUNCT
ajfa-10763	415	9	155	155	NUM
ajfa-10763	415	10	-	-	SYM
ajfa-10763	415	11	179	179	NUM
ajfa-10763	415	12	.	.	PUNCT
ajfa-10763	416	1	http://dx.doi.org/10.1007/s11142-006-9024-x	http://dx.doi.org/10.1007/s11142-006-9024-x	PROPN
ajfa-10763	417	1	asian	asian	ADJ
ajfa-10763	417	2	journal	journal	PROPN
ajfa-10763	417	3	of	of	ADP
ajfa-10763	417	4	finance	finance	PROPN
ajfa-10763	417	5	&	&	CCONJ
ajfa-10763	417	6	accounting	accounting	PROPN
ajfa-10763	417	7	issn	issn	PROPN
ajfa-10763	417	8	1946	1946	NUM
ajfa-10763	417	9	-	-	PUNCT
ajfa-10763	417	10	052x	052x	PROPN
ajfa-10763	417	11	2017	2017	NUM
ajfa-10763	417	12	,	,	PUNCT
ajfa-10763	417	13	vol	vol	NOUN
ajfa-10763	417	14	.	.	NOUN
ajfa-10763	417	15	9	9	NUM
ajfa-10763	417	16	,	,	PUNCT
ajfa-10763	417	17	no	no	INTJ
ajfa-10763	417	18	.	.	NOUN
ajfa-10763	417	19	1	1	NUM
ajfa-10763	417	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	417	21	150	150	NUM
ajfa-10763	417	22	baysinger	baysinger	NOUN
ajfa-10763	417	23	,	,	PUNCT
ajfa-10763	417	24	b.	b.	PROPN
ajfa-10763	417	25	,	,	PUNCT
ajfa-10763	417	26	kosnik	kosnik	PROPN
ajfa-10763	417	27	,	,	PUNCT
ajfa-10763	417	28	r.	r.	PROPN
ajfa-10763	417	29	&	&	CCONJ
ajfa-10763	417	30	turk	turk	PROPN
ajfa-10763	417	31	,	,	PUNCT
ajfa-10763	417	32	t.	t.	PROPN
ajfa-10763	417	33	(	(	PUNCT
ajfa-10763	417	34	1991	1991	NUM
ajfa-10763	417	35	)	)	PUNCT
ajfa-10763	417	36	.	.	PUNCT
ajfa-10763	418	1	effects	effect	NOUN
ajfa-10763	418	2	of	of	ADP
ajfa-10763	418	3	board	board	NOUN
ajfa-10763	418	4	and	and	CCONJ
ajfa-10763	418	5	ownership	ownership	NOUN
ajfa-10763	418	6	structure	structure	NOUN
ajfa-10763	418	7	on	on	ADP
ajfa-10763	418	8	corporate	corporate	ADJ
ajfa-10763	418	9	strategy	strategy	NOUN
ajfa-10763	418	10	.	.	PUNCT
ajfa-10763	419	1	academy	academy	PROPN
ajfa-10763	419	2	of	of	ADP
ajfa-10763	419	3	management	management	PROPN
ajfa-10763	419	4	journal	journal	NOUN
ajfa-10763	419	5	,	,	PUNCT
ajfa-10763	419	6	34(1	34(1	NUM
ajfa-10763	419	7	)	)	PUNCT
ajfa-10763	419	8	,	,	PUNCT
ajfa-10763	419	9	205	205	NUM
ajfa-10763	419	10	-	-	SYM
ajfa-10763	419	11	214	214	NUM
ajfa-10763	419	12	.	.	PUNCT
ajfa-10763	420	1	http://dx.doi.org/10.2307/256308	http://dx.doi.org/10.2307/256308	PROPN
ajfa-10763	420	2	bebchuk	bebchuk	PROPN
ajfa-10763	420	3	,	,	PUNCT
ajfa-10763	420	4	l.	l.	PROPN
ajfa-10763	420	5	a.	a.	PROPN
ajfa-10763	420	6	,	,	PUNCT
ajfa-10763	420	7	grinstein	grinstein	PROPN
ajfa-10763	420	8	,	,	PUNCT
ajfa-10763	420	9	y.	y.	PROPN
ajfa-10763	420	10	,	,	PUNCT
ajfa-10763	420	11	&	&	CCONJ
ajfa-10763	420	12	peyers	peyer	NOUN
ajfa-10763	420	13	,	,	PUNCT
ajfa-10763	420	14	u.	u.	PROPN
ajfa-10763	420	15	(	(	PUNCT
ajfa-10763	420	16	2010	2010	NUM
ajfa-10763	420	17	)	)	PUNCT
ajfa-10763	420	18	.	.	PUNCT
ajfa-10763	421	1	lucky	lucky	ADJ
ajfa-10763	421	2	ceos	ceos	NOUN
ajfa-10763	421	3	and	and	CCONJ
ajfa-10763	421	4	lucky	lucky	ADJ
ajfa-10763	421	5	directors	director	NOUN
ajfa-10763	421	6	.	.	PUNCT
ajfa-10763	422	1	the	the	DET
ajfa-10763	422	2	journal	journal	NOUN
ajfa-10763	422	3	of	of	ADP
ajfa-10763	422	4	finance	finance	NOUN
ajfa-10763	422	5	,	,	PUNCT
ajfa-10763	422	6	65(6	65(6	NOUN
ajfa-10763	422	7	)	)	PUNCT
ajfa-10763	422	8	,	,	PUNCT
ajfa-10763	422	9	2363	2363	NUM
ajfa-10763	422	10	-	-	SYM
ajfa-10763	422	11	2401	2401	NUM
ajfa-10763	422	12	.	.	PUNCT
ajfa-10763	423	1	http://dx.doi.org/10.1111/j.1540-6261.2010.01618.x	http://dx.doi.org/10.1111/j.1540-6261.2010.01618.x	ADJ
ajfa-10763	423	2	bédard	bédard	PROPN
ajfa-10763	423	3	,	,	PUNCT
ajfa-10763	423	4	j.	j.	PROPN
ajfa-10763	423	5	,	,	PUNCT
ajfa-10763	423	6	chtourou	chtourou	PROPN
ajfa-10763	423	7	,	,	PUNCT
ajfa-10763	423	8	s.	s.	PROPN
ajfa-10763	423	9	m.	m.	PROPN
ajfa-10763	423	10	,	,	PUNCT
ajfa-10763	423	11	&	&	CCONJ
ajfa-10763	423	12	courteau	courteau	PROPN
ajfa-10763	423	13	,	,	PUNCT
ajfa-10763	423	14	l.	l.	PROPN
ajfa-10763	423	15	(	(	PUNCT
ajfa-10763	423	16	2004	2004	NUM
ajfa-10763	423	17	)	)	PUNCT
ajfa-10763	423	18	.	.	PUNCT
ajfa-10763	424	1	the	the	DET
ajfa-10763	424	2	effect	effect	NOUN
ajfa-10763	424	3	of	of	ADP
ajfa-10763	424	4	audit	audit	NOUN
ajfa-10763	424	5	committee	committee	NOUN
ajfa-10763	424	6	expertise	expertise	NOUN
ajfa-10763	424	7	,	,	PUNCT
ajfa-10763	424	8	independence	independence	NOUN
ajfa-10763	424	9	,	,	PUNCT
ajfa-10763	424	10	and	and	CCONJ
ajfa-10763	424	11	activity	activity	NOUN
ajfa-10763	424	12	on	on	ADP
ajfa-10763	424	13	aggressive	aggressive	ADJ
ajfa-10763	424	14	earnings	earning	NOUN
ajfa-10763	424	15	management	management	NOUN
ajfa-10763	424	16	.	.	PUNCT
ajfa-10763	425	1	auditing	auditing	NOUN
ajfa-10763	425	2	:	:	PUNCT
ajfa-10763	425	3	a	a	DET
ajfa-10763	425	4	journal	journal	NOUN
ajfa-10763	425	5	of	of	ADP
ajfa-10763	425	6	practice	practice	NOUN
ajfa-10763	425	7	&	&	CCONJ
ajfa-10763	425	8	theory	theory	NOUN
ajfa-10763	425	9	,	,	PUNCT
ajfa-10763	425	10	23(2	23(2	NOUN
ajfa-10763	425	11	)	)	PUNCT
ajfa-10763	425	12	,	,	PUNCT
ajfa-10763	425	13	13	13	NUM
ajfa-10763	425	14	-	-	SYM
ajfa-10763	425	15	35	35	NUM
ajfa-10763	425	16	.	.	PUNCT
ajfa-10763	426	1	http://dx.doi.org/10.2308/aud.2004.23.2.13	http://dx.doi.org/10.2308/aud.2004.23.2.13	PROPN
ajfa-10763	426	2	ben	ben	PROPN
ajfa-10763	426	3	-	-	PUNCT
ajfa-10763	426	4	david	david	PROPN
ajfa-10763	426	5	,	,	PUNCT
ajfa-10763	426	6	i.	i.	PROPN
ajfa-10763	426	7	,	,	PUNCT
ajfa-10763	426	8	graham	graham	PROPN
ajfa-10763	426	9	,	,	PUNCT
ajfa-10763	426	10	j.	j.	PROPN
ajfa-10763	426	11	r.	r.	PROPN
ajfa-10763	426	12	,	,	PUNCT
ajfa-10763	426	13	&	&	CCONJ
ajfa-10763	426	14	harvey	harvey	PROPN
ajfa-10763	426	15	,	,	PUNCT
ajfa-10763	426	16	c.	c.	PROPN
ajfa-10763	426	17	r.	r.	PROPN
ajfa-10763	426	18	(	(	PUNCT
ajfa-10763	426	19	2010	2010	NUM
ajfa-10763	426	20	)	)	PUNCT
ajfa-10763	426	21	.	.	PUNCT
ajfa-10763	427	1	managerial	managerial	ADJ
ajfa-10763	427	2	miscalibration	miscalibration	PROPN
ajfa-10763	427	3	.	.	PUNCT
ajfa-10763	428	1	working	work	VERB
ajfa-10763	428	2	paper	paper	NOUN
ajfa-10763	428	3	,	,	PUNCT
ajfa-10763	428	4	duke	duke	PROPN
ajfa-10763	428	5	university	university	PROPN
ajfa-10763	428	6	.	.	PUNCT
ajfa-10763	429	1	http://dx.doi.org/10.1093/qje/qjt023	http://dx.doi.org/10.1093/qje/qjt023	PROPN
ajfa-10763	429	2	bhandari	bhandari	NOUN
ajfa-10763	429	3	,	,	PUNCT
ajfa-10763	429	4	g.	g.	PROPN
ajfa-10763	429	5	,	,	PUNCT
ajfa-10763	429	6	&	&	CCONJ
ajfa-10763	429	7	deaves	deaf	NOUN
ajfa-10763	429	8	,	,	PUNCT
ajfa-10763	429	9	r.	r.	PROPN
ajfa-10763	429	10	(	(	PUNCT
ajfa-10763	429	11	2006	2006	NUM
ajfa-10763	429	12	)	)	PUNCT
ajfa-10763	429	13	.	.	PUNCT
ajfa-10763	430	1	the	the	DET
ajfa-10763	430	2	demographics	demographic	NOUN
ajfa-10763	430	3	of	of	ADP
ajfa-10763	430	4	overconfidence	overconfidence	NOUN
ajfa-10763	430	5	.	.	PUNCT
ajfa-10763	431	1	the	the	DET
ajfa-10763	431	2	journal	journal	NOUN
ajfa-10763	431	3	of	of	ADP
ajfa-10763	431	4	behavioral	behavioral	ADJ
ajfa-10763	431	5	finance	finance	NOUN
ajfa-10763	431	6	,	,	PUNCT
ajfa-10763	431	7	7(1	7(1	NUM
ajfa-10763	431	8	)	)	PUNCT
ajfa-10763	431	9	,	,	PUNCT
ajfa-10763	431	10	5	5	NUM
ajfa-10763	431	11	-	-	SYM
ajfa-10763	431	12	11	11	NUM
ajfa-10763	431	13	.	.	PUNCT
ajfa-10763	432	1	http://dx.doi.org/10.1207/s15427579jpfm0701_2	http://dx.doi.org/10.1207/s15427579jpfm0701_2	PROPN
ajfa-10763	432	2	bradbury	bradbury	PROPN
ajfa-10763	432	3	,	,	PUNCT
ajfa-10763	432	4	m.	m.	PROPN
ajfa-10763	432	5	e.	e.	PROPN
ajfa-10763	432	6	,	,	PUNCT
ajfa-10763	432	7	mak	mak	PROPN
ajfa-10763	432	8	,	,	PUNCT
ajfa-10763	432	9	y.	y.	PROPN
ajfa-10763	432	10	t.	t.	PROPN
ajfa-10763	432	11	,	,	PUNCT
ajfa-10763	432	12	&	&	CCONJ
ajfa-10763	432	13	tan	tan	PROPN
ajfa-10763	432	14	,	,	PUNCT
ajfa-10763	432	15	s.	s.	PROPN
ajfa-10763	432	16	m.	m.	PROPN
ajfa-10763	432	17	(	(	PUNCT
ajfa-10763	432	18	2006	2006	NUM
ajfa-10763	432	19	)	)	PUNCT
ajfa-10763	432	20	.	.	PUNCT
ajfa-10763	433	1	board	board	NOUN
ajfa-10763	433	2	characteristics	characteristic	NOUN
ajfa-10763	433	3	,	,	PUNCT
ajfa-10763	433	4	audit	audit	NOUN
ajfa-10763	433	5	committee	committee	NOUN
ajfa-10763	433	6	characteristics	characteristic	NOUN
ajfa-10763	433	7	and	and	CCONJ
ajfa-10763	433	8	abnormal	abnormal	ADJ
ajfa-10763	433	9	accruals	accrual	NOUN
ajfa-10763	433	10	.	.	PUNCT
ajfa-10763	434	1	pacific	pacific	PROPN
ajfa-10763	434	2	accounting	accounting	PROPN
ajfa-10763	434	3	review	review	PROPN
ajfa-10763	434	4	,	,	PUNCT
ajfa-10763	434	5	18(2	18(2	NUM
ajfa-10763	434	6	)	)	PUNCT
ajfa-10763	434	7	,	,	PUNCT
ajfa-10763	434	8	47	47	NUM
ajfa-10763	434	9	-	-	SYM
ajfa-10763	434	10	68	68	NUM
ajfa-10763	434	11	.	.	PUNCT
ajfa-10763	435	1	http://dx.doi.org/10.1108/01140580610732813	http://dx.doi.org/10.1108/01140580610732813	PROPN
ajfa-10763	435	2	brickley	brickley	PROPN
ajfa-10763	435	3	,	,	PUNCT
ajfa-10763	435	4	j.	j.	PROPN
ajfa-10763	435	5	a.	a.	PROPN
ajfa-10763	435	6	,	,	PUNCT
ajfa-10763	435	7	coles	coles	PROPN
ajfa-10763	435	8	,	,	PUNCT
ajfa-10763	435	9	j.	j.	PROPN
ajfa-10763	435	10	l.	l.	PROPN
ajfa-10763	435	11	,	,	PUNCT
ajfa-10763	435	12	&	&	CCONJ
ajfa-10763	435	13	terry	terry	PROPN
ajfa-10763	435	14	,	,	PUNCT
ajfa-10763	435	15	r.	r.	PROPN
ajfa-10763	435	16	l.	l.	PROPN
ajfa-10763	435	17	(	(	PUNCT
ajfa-10763	435	18	1994	1994	NUM
ajfa-10763	435	19	)	)	PUNCT
ajfa-10763	435	20	.	.	PUNCT
ajfa-10763	436	1	outside	outside	ADJ
ajfa-10763	436	2	directors	director	NOUN
ajfa-10763	436	3	and	and	CCONJ
ajfa-10763	436	4	the	the	DET
ajfa-10763	436	5	adoption	adoption	NOUN
ajfa-10763	436	6	of	of	ADP
ajfa-10763	436	7	poison	poison	NOUN
ajfa-10763	436	8	pills	pill	NOUN
ajfa-10763	436	9	.	.	PUNCT
ajfa-10763	437	1	journal	journal	PROPN
ajfa-10763	437	2	of	of	ADP
ajfa-10763	437	3	financial	financial	ADJ
ajfa-10763	437	4	economics	economic	NOUN
ajfa-10763	437	5	,	,	PUNCT
ajfa-10763	437	6	35(3	35(3	NUM
ajfa-10763	437	7	)	)	PUNCT
ajfa-10763	437	8	,	,	PUNCT
ajfa-10763	437	9	371	371	NUM
ajfa-10763	437	10	-	-	SYM
ajfa-10763	437	11	390	390	NUM
ajfa-10763	437	12	.	.	PUNCT
ajfa-10763	438	1	http://dx.doi.org/10.1016/0304-405x(94)90038-8	http://dx.doi.org/10.1016/0304-405x(94)90038-8	PROPN
ajfa-10763	438	2	byrd	byrd	PROPN
ajfa-10763	438	3	,	,	PUNCT
ajfa-10763	438	4	j.	j.	PROPN
ajfa-10763	438	5	w.	w.	PROPN
ajfa-10763	438	6	,	,	PUNCT
ajfa-10763	438	7	&	&	CCONJ
ajfa-10763	438	8	hickman	hickman	PROPN
ajfa-10763	438	9	,	,	PUNCT
ajfa-10763	438	10	k.	k.	PROPN
ajfa-10763	438	11	a.	a.	PROPN
ajfa-10763	438	12	(	(	PUNCT
ajfa-10763	438	13	1992	1992	NUM
ajfa-10763	438	14	)	)	PUNCT
ajfa-10763	438	15	.	.	PUNCT
ajfa-10763	439	1	do	do	AUX
ajfa-10763	439	2	outside	outside	ADJ
ajfa-10763	439	3	directors	director	NOUN
ajfa-10763	439	4	monitor	monitor	VERB
ajfa-10763	439	5	managers	manager	NOUN
ajfa-10763	439	6	?	?	PUNCT
ajfa-10763	440	1	evidence	evidence	NOUN
ajfa-10763	440	2	from	from	ADP
ajfa-10763	440	3	tender	tender	ADJ
ajfa-10763	440	4	offer	offer	NOUN
ajfa-10763	440	5	bids	bid	NOUN
ajfa-10763	440	6	.	.	PUNCT
ajfa-10763	441	1	journal	journal	NOUN
ajfa-10763	441	2	of	of	ADP
ajfa-10763	441	3	financial	financial	ADJ
ajfa-10763	441	4	economics	economic	NOUN
ajfa-10763	441	5	,	,	PUNCT
ajfa-10763	441	6	32(2	32(2	NUM
ajfa-10763	441	7	)	)	PUNCT
ajfa-10763	441	8	,	,	PUNCT
ajfa-10763	441	9	195	195	NUM
ajfa-10763	441	10	-	-	SYM
ajfa-10763	441	11	221	221	NUM
ajfa-10763	441	12	.	.	PUNCT
ajfa-10763	442	1	http://dx.doi.org/10.1016/0304-405x(92)90018-s	http://dx.doi.org/10.1016/0304-405x(92)90018-s	PROPN
ajfa-10763	442	2	campbell	campbell	PROPN
ajfa-10763	442	3	,	,	PUNCT
ajfa-10763	442	4	t.	t.	PROPN
ajfa-10763	442	5	c.	c.	PROPN
ajfa-10763	442	6	,	,	PUNCT
ajfa-10763	442	7	galleyer	galleyer	NOUN
ajfa-10763	442	8	,	,	PUNCT
ajfa-10763	442	9	m.	m.	PROPN
ajfa-10763	442	10	johnson	johnson	PROPN
ajfa-10763	442	11	,	,	PUNCT
ajfa-10763	442	12	s.	s.	PROPN
ajfa-10763	442	13	a.	a.	PROPN
ajfa-10763	442	14	rutherford	rutherford	PROPN
ajfa-10763	442	15	,	,	PUNCT
ajfa-10763	442	16	j.	j.	PROPN
ajfa-10763	442	17	,	,	PUNCT
ajfa-10763	442	18	&	&	CCONJ
ajfa-10763	442	19	stanley	stanley	PROPN
ajfa-10763	442	20	,	,	PUNCT
ajfa-10763	442	21	b.	b.	PROPN
ajfa-10763	442	22	w.	w.	PROPN
ajfa-10763	442	23	(	(	PUNCT
ajfa-10763	442	24	2011	2011	NUM
ajfa-10763	442	25	)	)	PUNCT
ajfa-10763	442	26	.	.	PUNCT
ajfa-10763	443	1	ceo	ceo	NOUN
ajfa-10763	443	2	optimism	optimism	NOUN
ajfa-10763	443	3	and	and	CCONJ
ajfa-10763	443	4	forced	force	VERB
ajfa-10763	443	5	turnover	turnover	NOUN
ajfa-10763	443	6	.	.	PUNCT
ajfa-10763	444	1	journal	journal	NOUN
ajfa-10763	444	2	of	of	ADP
ajfa-10763	444	3	financial	financial	ADJ
ajfa-10763	444	4	economics	economic	NOUN
ajfa-10763	444	5	,	,	PUNCT
ajfa-10763	444	6	101	101	NUM
ajfa-10763	444	7	,	,	PUNCT
ajfa-10763	444	8	695	695	NUM
ajfa-10763	444	9	-	-	SYM
ajfa-10763	444	10	712	712	NUM
ajfa-10763	444	11	.	.	PUNCT
ajfa-10763	445	1	http://dx.doi.org/10.1016/j.jfineco.2011.03.004	http://dx.doi.org/10.1016/j.jfineco.2011.03.004	PROPN
ajfa-10763	445	2	chen	chen	PROPN
ajfa-10763	445	3	,	,	PUNCT
ajfa-10763	445	4	k.	k.	PROPN
ajfa-10763	445	5	y.	y.	PROPN
ajfa-10763	445	6	,	,	PUNCT
ajfa-10763	445	7	elder	elder	NOUN
ajfa-10763	445	8	,	,	PUNCT
ajfa-10763	445	9	r.	r.	PROPN
ajfa-10763	445	10	j.	j.	PROPN
ajfa-10763	445	11	,	,	PUNCT
ajfa-10763	445	12	&	&	CCONJ
ajfa-10763	445	13	hsieh	hsieh	PROPN
ajfa-10763	445	14	,	,	PUNCT
ajfa-10763	445	15	y.	y.	PROPN
ajfa-10763	445	16	m.	m.	PROPN
ajfa-10763	445	17	(	(	PUNCT
ajfa-10763	445	18	2007	2007	NUM
ajfa-10763	445	19	)	)	PUNCT
ajfa-10763	445	20	.	.	PUNCT
ajfa-10763	446	1	corporate	corporate	ADJ
ajfa-10763	446	2	governance	governance	NOUN
ajfa-10763	446	3	and	and	CCONJ
ajfa-10763	446	4	earnings	earning	NOUN
ajfa-10763	446	5	management	management	NOUN
ajfa-10763	446	6	:	:	PUNCT
ajfa-10763	446	7	the	the	DET
ajfa-10763	446	8	implications	implication	NOUN
ajfa-10763	446	9	of	of	ADP
ajfa-10763	446	10	corporate	corporate	ADJ
ajfa-10763	446	11	governance	governance	NOUN
ajfa-10763	446	12	best	good	ADJ
ajfa-10763	446	13	-	-	PUNCT
ajfa-10763	446	14	practice	practice	NOUN
ajfa-10763	446	15	principles	principle	NOUN
ajfa-10763	446	16	for	for	ADP
ajfa-10763	446	17	taiwanese	taiwanese	ADJ
ajfa-10763	446	18	listed	list	VERB
ajfa-10763	446	19	companies	company	NOUN
ajfa-10763	446	20	.	.	PUNCT
ajfa-10763	447	1	journal	journal	PROPN
ajfa-10763	447	2	of	of	ADP
ajfa-10763	447	3	contemporary	contemporary	PROPN
ajfa-10763	447	4	accounting	accounting	PROPN
ajfa-10763	447	5	&	&	CCONJ
ajfa-10763	447	6	economics	economic	NOUN
ajfa-10763	447	7	,	,	PUNCT
ajfa-10763	447	8	3(2	3(2	NUM
ajfa-10763	447	9	)	)	PUNCT
ajfa-10763	447	10	,	,	PUNCT
ajfa-10763	447	11	73	73	NUM
ajfa-10763	447	12	-	-	SYM
ajfa-10763	447	13	105	105	NUM
ajfa-10763	447	14	.	.	PUNCT
ajfa-10763	448	1	http://dx.doi.org/10.1016/s1815-5669(10)70024-2	http://dx.doi.org/10.1016/s1815-5669(10)70024-2	NOUN
ajfa-10763	448	2	chen	chen	PROPN
ajfa-10763	448	3	,	,	PUNCT
ajfa-10763	448	4	y.	y.	PROPN
ajfa-10763	448	5	r.	r.	PROPN
ajfa-10763	448	6	,	,	PUNCT
ajfa-10763	448	7	&	&	CCONJ
ajfa-10763	448	8	chung	chung	PROPN
ajfa-10763	448	9	,	,	PUNCT
ajfa-10763	448	10	w.	w.	PROPN
ajfa-10763	448	11	t.	t.	PROPN
ajfa-10763	448	12	(	(	PUNCT
ajfa-10763	448	13	2009	2009	NUM
ajfa-10763	448	14	)	)	PUNCT
ajfa-10763	448	15	.	.	PUNCT
ajfa-10763	449	1	alignment	alignment	NOUN
ajfa-10763	449	2	or	or	CCONJ
ajfa-10763	449	3	entrenchment	entrenchment	ADJ
ajfa-10763	449	4	?	?	PUNCT
ajfa-10763	450	1	corporate	corporate	ADJ
ajfa-10763	450	2	governance	governance	NOUN
ajfa-10763	450	3	and	and	CCONJ
ajfa-10763	450	4	cash	cash	NOUN
ajfa-10763	450	5	holdings	holding	NOUN
ajfa-10763	450	6	in	in	ADP
ajfa-10763	450	7	growing	grow	VERB
ajfa-10763	450	8	firms	firm	NOUN
ajfa-10763	450	9	.	.	PUNCT
ajfa-10763	451	1	journal	journal	PROPN
ajfa-10763	451	2	of	of	ADP
ajfa-10763	451	3	business	business	NOUN
ajfa-10763	451	4	research	research	NOUN
ajfa-10763	451	5	,	,	PUNCT
ajfa-10763	451	6	62(11	62(11	NUM
ajfa-10763	451	7	)	)	PUNCT
ajfa-10763	451	8	,	,	PUNCT
ajfa-10763	451	9	1200	1200	NUM
ajfa-10763	451	10	-	-	SYM
ajfa-10763	451	11	1206	1206	NUM
ajfa-10763	451	12	.	.	PUNCT
ajfa-10763	452	1	http://dx.doi.org/10.1016/j.jbusres.2008.06.004	http://dx.doi.org/10.1016/j.jbusres.2008.06.004	PROPN
ajfa-10763	452	2	chong	chong	PROPN
ajfa-10763	452	3	,	,	PUNCT
ajfa-10763	452	4	g.	g.	PROPN
ajfa-10763	452	5	,	,	PUNCT
ajfa-10763	452	6	huang	huang	PROPN
ajfa-10763	452	7	,	,	PUNCT
ajfa-10763	452	8	h.	h.	PROPN
ajfa-10763	452	9	,	,	PUNCT
ajfa-10763	452	10	&	&	CCONJ
ajfa-10763	452	11	zhang	zhang	PROPN
ajfa-10763	452	12	,	,	PUNCT
ajfa-10763	452	13	y.	y.	PROPN
ajfa-10763	452	14	(	(	PUNCT
ajfa-10763	452	15	2012	2012	NUM
ajfa-10763	452	16	)	)	PUNCT
ajfa-10763	452	17	.	.	PUNCT
ajfa-10763	453	1	do	do	AUX
ajfa-10763	453	2	us	we	PRON
ajfa-10763	453	3	commercial	commercial	ADJ
ajfa-10763	453	4	banks	bank	NOUN
ajfa-10763	453	5	use	use	VERB
ajfa-10763	453	6	fas	fas	NOUN
ajfa-10763	453	7	157	157	NUM
ajfa-10763	453	8	to	to	PART
ajfa-10763	453	9	manage	manage	VERB
ajfa-10763	453	10	earnings	earning	NOUN
ajfa-10763	453	11	?	?	PUNCT
ajfa-10763	454	1	international	international	ADJ
ajfa-10763	454	2	journal	journal	NOUN
ajfa-10763	454	3	of	of	ADP
ajfa-10763	454	4	accounting	accounting	NOUN
ajfa-10763	454	5	and	and	CCONJ
ajfa-10763	454	6	information	information	NOUN
ajfa-10763	454	7	management	management	NOUN
ajfa-10763	454	8	,	,	PUNCT
ajfa-10763	454	9	20(1	20(1	NUM
ajfa-10763	454	10	)	)	PUNCT
ajfa-10763	454	11	,	,	PUNCT
ajfa-10763	454	12	78	78	NUM
ajfa-10763	454	13	-	-	SYM
ajfa-10763	454	14	93	93	NUM
ajfa-10763	454	15	.	.	PUNCT
ajfa-10763	455	1	http://dx.doi.org/10.1108/18347641211201090	http://dx.doi.org/10.1108/18347641211201090	PROPN
ajfa-10763	455	2	clinch	clinch	NOUN
ajfa-10763	455	3	,	,	PUNCT
ajfa-10763	455	4	g.	g.	PROPN
ajfa-10763	455	5	,	,	PUNCT
ajfa-10763	455	6	&	&	CCONJ
ajfa-10763	455	7	magliolo	magliolo	PROPN
ajfa-10763	455	8	,	,	PUNCT
ajfa-10763	455	9	j.	j.	PROPN
ajfa-10763	455	10	(	(	PUNCT
ajfa-10763	455	11	1993	1993	NUM
ajfa-10763	455	12	)	)	PUNCT
ajfa-10763	455	13	.	.	PUNCT
ajfa-10763	456	1	ceo	ceo	NOUN
ajfa-10763	456	2	compensation	compensation	NOUN
ajfa-10763	456	3	and	and	CCONJ
ajfa-10763	456	4	components	component	NOUN
ajfa-10763	456	5	of	of	ADP
ajfa-10763	456	6	earnings	earning	NOUN
ajfa-10763	456	7	in	in	ADP
ajfa-10763	456	8	bank	bank	NOUN
ajfa-10763	456	9	holding	hold	VERB
ajfa-10763	456	10	companies	company	NOUN
ajfa-10763	456	11	.	.	PUNCT
ajfa-10763	457	1	journal	journal	NOUN
ajfa-10763	457	2	of	of	ADP
ajfa-10763	457	3	accounting	accounting	NOUN
ajfa-10763	457	4	and	and	CCONJ
ajfa-10763	457	5	economics	economic	NOUN
ajfa-10763	457	6	,	,	PUNCT
ajfa-10763	457	7	16(1	16(1	PROPN
ajfa-10763	457	8	-	-	SYM
ajfa-10763	457	9	3	3	NUM
ajfa-10763	457	10	)	)	PUNCT
ajfa-10763	457	11	,	,	PUNCT
ajfa-10763	457	12	241	241	X
ajfa-10763	457	13	-	-	SYM
ajfa-10763	457	14	272	272	NUM
ajfa-10763	457	15	.	.	PUNCT
ajfa-10763	457	16	http://dx.doi.org/10.1016/0165-4101(93)90013-6	http://dx.doi.org/10.1016/0165-4101(93)90013-6	PROPN
ajfa-10763	458	1	asian	asian	PROPN
ajfa-10763	458	2	journal	journal	PROPN
ajfa-10763	458	3	of	of	ADP
ajfa-10763	458	4	finance	finance	PROPN
ajfa-10763	458	5	&	&	CCONJ
ajfa-10763	458	6	accounting	accounting	PROPN
ajfa-10763	458	7	issn	issn	PROPN
ajfa-10763	458	8	1946	1946	NUM
ajfa-10763	458	9	-	-	PUNCT
ajfa-10763	458	10	052x	052x	PROPN
ajfa-10763	458	11	2017	2017	NUM
ajfa-10763	458	12	,	,	PUNCT
ajfa-10763	458	13	vol	vol	NOUN
ajfa-10763	458	14	.	.	NOUN
ajfa-10763	458	15	9	9	NUM
ajfa-10763	458	16	,	,	PUNCT
ajfa-10763	458	17	no	no	INTJ
ajfa-10763	458	18	.	.	NOUN
ajfa-10763	458	19	1	1	NUM
ajfa-10763	458	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	458	21	151	151	NUM
ajfa-10763	458	22	conyon	conyon	NOUN
ajfa-10763	458	23	,	,	PUNCT
ajfa-10763	458	24	m.	m.	NOUN
ajfa-10763	458	25	j.	j.	PROPN
ajfa-10763	458	26	,	,	PUNCT
ajfa-10763	458	27	&	&	CCONJ
ajfa-10763	458	28	he	he	PRON
ajfa-10763	458	29	,	,	PUNCT
ajfa-10763	458	30	l.	l.	PROPN
ajfa-10763	458	31	(	(	PUNCT
ajfa-10763	458	32	2004	2004	NUM
ajfa-10763	458	33	)	)	PUNCT
ajfa-10763	458	34	.	.	PUNCT
ajfa-10763	459	1	compensation	compensation	NOUN
ajfa-10763	459	2	committee	committee	PROPN
ajfa-10763	459	3	and	and	CCONJ
ajfa-10763	459	4	ceo	ceo	NOUN
ajfa-10763	459	5	compensation	compensation	NOUN
ajfa-10763	459	6	incentives	incentive	NOUN
ajfa-10763	459	7	in	in	ADP
ajfa-10763	459	8	u.s	u.s	PROPN
ajfa-10763	459	9	.	.	PROPN
ajfa-10763	459	10	entrepreneurial	entrepreneurial	ADJ
ajfa-10763	459	11	firms	firm	NOUN
ajfa-10763	459	12	.	.	PUNCT
ajfa-10763	460	1	journal	journal	NOUN
ajfa-10763	460	2	of	of	ADP
ajfa-10763	460	3	management	management	NOUN
ajfa-10763	460	4	accounting	accounting	NOUN
ajfa-10763	460	5	research	research	NOUN
ajfa-10763	460	6	,	,	PUNCT
ajfa-10763	460	7	16	16	NUM
ajfa-10763	460	8	,	,	PUNCT
ajfa-10763	460	9	35	35	NUM
ajfa-10763	460	10	-	-	SYM
ajfa-10763	460	11	56	56	NUM
ajfa-10763	460	12	.	.	PUNCT
ajfa-10763	460	13	http://dx.doi.org/10.2308/jmar.2004.16.1.35	http://dx.doi.org/10.2308/jmar.2004.16.1.35	PROPN
ajfa-10763	460	14	cordeiro	cordeiro	PROPN
ajfa-10763	460	15	,	,	PUNCT
ajfa-10763	460	16	l.	l.	PROPN
ajfa-10763	460	17	(	(	PUNCT
ajfa-10763	460	18	2009	2009	NUM
ajfa-10763	460	19	)	)	PUNCT
ajfa-10763	460	20	.	.	PUNCT
ajfa-10763	461	1	managerial	managerial	ADJ
ajfa-10763	461	2	overconfidence	overconfidence	NOUN
ajfa-10763	461	3	and	and	CCONJ
ajfa-10763	461	4	dividend	dividend	NOUN
ajfa-10763	461	5	policy	policy	NOUN
ajfa-10763	461	6	.	.	PUNCT
ajfa-10763	462	1	working	work	VERB
ajfa-10763	462	2	paper	paper	NOUN
ajfa-10763	462	3	,	,	PUNCT
ajfa-10763	462	4	london	london	PROPN
ajfa-10763	462	5	business	business	NOUN
ajfa-10763	462	6	school	school	NOUN
ajfa-10763	462	7	.	.	PUNCT
ajfa-10763	463	1	http://dx.doi.org/	http://dx.doi.org/	PROPN
ajfa-10763	463	2	10.2139	10.2139	NUM
ajfa-10763	463	3	/	/	SYM
ajfa-10763	463	4	ssrn.1343805	ssrn.1343805	PROPN
ajfa-10763	463	5	core	core	NOUN
ajfa-10763	463	6	,	,	PUNCT
ajfa-10763	463	7	j.	j.	PROPN
ajfa-10763	463	8	,	,	PUNCT
ajfa-10763	463	9	gua	gua	PROPN
ajfa-10763	463	10	,	,	PUNCT
ajfa-10763	463	11	w.	w.	PROPN
ajfa-10763	463	12	,	,	PUNCT
ajfa-10763	463	13	&	&	CCONJ
ajfa-10763	463	14	holthausen	holthausen	PROPN
ajfa-10763	463	15	,	,	PUNCT
ajfa-10763	463	16	r.	r.	PROPN
ajfa-10763	463	17	(	(	PUNCT
ajfa-10763	463	18	1999	1999	NUM
ajfa-10763	463	19	)	)	PUNCT
ajfa-10763	463	20	.	.	PUNCT
ajfa-10763	464	1	corporate	corporate	ADJ
ajfa-10763	464	2	governance	governance	NOUN
ajfa-10763	464	3	,	,	PUNCT
ajfa-10763	464	4	chief	chief	ADJ
ajfa-10763	464	5	executive	executive	ADJ
ajfa-10763	464	6	officer	officer	NOUN
ajfa-10763	464	7	compensation	compensation	NOUN
ajfa-10763	464	8	,	,	PUNCT
ajfa-10763	464	9	and	and	CCONJ
ajfa-10763	464	10	firm	firm	ADJ
ajfa-10763	464	11	performance	performance	NOUN
ajfa-10763	464	12	.	.	PUNCT
ajfa-10763	465	1	journal	journal	NOUN
ajfa-10763	465	2	of	of	ADP
ajfa-10763	465	3	financial	financial	ADJ
ajfa-10763	465	4	economics	economic	NOUN
ajfa-10763	465	5	,	,	PUNCT
ajfa-10763	465	6	51	51	NUM
ajfa-10763	465	7	,	,	PUNCT
ajfa-10763	465	8	371	371	NUM
ajfa-10763	465	9	-	-	SYM
ajfa-10763	465	10	406	406	NUM
ajfa-10763	465	11	.	.	PUNCT
ajfa-10763	466	1	http://dx.doi.org/10.1016/s0304-405x(98)00058-0	http://dx.doi.org/10.1016/s0304-405x(98)00058-0	PROPN
ajfa-10763	466	2	cullinan	cullinan	PROPN
ajfa-10763	466	3	,	,	PUNCT
ajfa-10763	466	4	c.	c.	PROPN
ajfa-10763	466	5	p.	p.	PROPN
ajfa-10763	466	6	,	,	PUNCT
ajfa-10763	466	7	du	du	PROPN
ajfa-10763	466	8	,	,	PUNCT
ajfa-10763	466	9	h.	h.	PROPN
ajfa-10763	466	10	,	,	PUNCT
ajfa-10763	466	11	&	&	CCONJ
ajfa-10763	466	12	wright	wright	PROPN
ajfa-10763	466	13	,	,	PUNCT
ajfa-10763	466	14	g.	g.	PROPN
ajfa-10763	466	15	b.	b.	PROPN
ajfa-10763	466	16	(	(	PUNCT
ajfa-10763	466	17	2008	2008	NUM
ajfa-10763	466	18	)	)	PUNCT
ajfa-10763	466	19	.	.	PUNCT
ajfa-10763	466	20	is	be	AUX
ajfa-10763	466	21	there	there	PRON
ajfa-10763	466	22	an	an	DET
ajfa-10763	466	23	association	association	NOUN
ajfa-10763	466	24	between	between	ADP
ajfa-10763	466	25	director	director	NOUN
ajfa-10763	466	26	option	option	NOUN
ajfa-10763	466	27	compensation	compensation	NOUN
ajfa-10763	466	28	and	and	CCONJ
ajfa-10763	466	29	the	the	DET
ajfa-10763	466	30	likelihood	likelihood	NOUN
ajfa-10763	466	31	of	of	ADP
ajfa-10763	466	32	misstatement	misstatement	NOUN
ajfa-10763	466	33	?	?	PUNCT
ajfa-10763	467	1	advances	advance	NOUN
ajfa-10763	467	2	in	in	ADP
ajfa-10763	467	3	accounting	accounting	NOUN
ajfa-10763	467	4	,	,	PUNCT
ajfa-10763	467	5	24(1	24(1	NUM
ajfa-10763	467	6	)	)	PUNCT
ajfa-10763	467	7	,	,	PUNCT
ajfa-10763	467	8	16	16	NUM
ajfa-10763	467	9	-	-	SYM
ajfa-10763	467	10	23	23	NUM
ajfa-10763	467	11	.	.	PUNCT
ajfa-10763	468	1	http://dx.doi.org/10.1016/j.adiac.2008.05.003	http://dx.doi.org/10.1016/j.adiac.2008.05.003	PROPN
ajfa-10763	468	2	dadalt	dadalt	NOUN
ajfa-10763	468	3	,	,	PUNCT
ajfa-10763	468	4	p.	p.	PROPN
ajfa-10763	468	5	j.	j.	PROPN
ajfa-10763	468	6	,	,	PUNCT
ajfa-10763	468	7	davidson	davidson	PROPN
ajfa-10763	468	8	iii	iii	PROPN
ajfa-10763	468	9	,	,	PUNCT
ajfa-10763	468	10	w.	w.	PROPN
ajfa-10763	468	11	n.	n.	PROPN
ajfa-10763	468	12	,	,	PUNCT
ajfa-10763	468	13	&	&	CCONJ
ajfa-10763	468	14	xie	xie	PROPN
ajfa-10763	468	15	,	,	PUNCT
ajfa-10763	468	16	b.	b.	PROPN
ajfa-10763	468	17	(	(	PUNCT
ajfa-10763	468	18	2003	2003	NUM
ajfa-10763	468	19	)	)	PUNCT
ajfa-10763	468	20	.	.	PUNCT
ajfa-10763	469	1	earnings	earning	NOUN
ajfa-10763	469	2	management	management	NOUN
ajfa-10763	469	3	and	and	CCONJ
ajfa-10763	469	4	corporate	corporate	ADJ
ajfa-10763	469	5	governance	governance	NOUN
ajfa-10763	469	6	:	:	PUNCT
ajfa-10763	469	7	the	the	DET
ajfa-10763	469	8	role	role	NOUN
ajfa-10763	469	9	of	of	ADP
ajfa-10763	469	10	the	the	DET
ajfa-10763	469	11	board	board	NOUN
ajfa-10763	469	12	and	and	CCONJ
ajfa-10763	469	13	the	the	DET
ajfa-10763	469	14	audit	audit	NOUN
ajfa-10763	469	15	committee	committee	NOUN
ajfa-10763	469	16	.	.	PUNCT
ajfa-10763	470	1	journal	journal	NOUN
ajfa-10763	470	2	of	of	ADP
ajfa-10763	470	3	corporate	corporate	ADJ
ajfa-10763	470	4	finance	finance	NOUN
ajfa-10763	470	5	,	,	PUNCT
ajfa-10763	470	6	9(3	9(3	NUM
ajfa-10763	470	7	)	)	PUNCT
ajfa-10763	470	8	,	,	PUNCT
ajfa-10763	470	9	295	295	NUM
ajfa-10763	470	10	-	-	SYM
ajfa-10763	470	11	316	316	NUM
ajfa-10763	470	12	.	.	PUNCT
ajfa-10763	471	1	http://dx.doi.org/10.1016/s0929-1199(02)00006-8	http://dx.doi.org/10.1016/s0929-1199(02)00006-8	PROPN
ajfa-10763	471	2	davidson	davidson	PROPN
ajfa-10763	471	3	,	,	PUNCT
ajfa-10763	471	4	r.	r.	PROPN
ajfa-10763	471	5	,	,	PUNCT
ajfa-10763	471	6	goodwin	goodwin	PROPN
ajfa-10763	471	7	-	-	PUNCT
ajfa-10763	471	8	stewart	stewart	PROPN
ajfa-10763	471	9	,	,	PUNCT
ajfa-10763	471	10	j.	j.	PROPN
ajfa-10763	471	11	,	,	PUNCT
ajfa-10763	471	12	&	&	CCONJ
ajfa-10763	471	13	kent	kent	PROPN
ajfa-10763	471	14	,	,	PUNCT
ajfa-10763	471	15	p.	p.	PROPN
ajfa-10763	471	16	(	(	PUNCT
ajfa-10763	471	17	2005	2005	NUM
ajfa-10763	471	18	)	)	PUNCT
ajfa-10763	471	19	.	.	PUNCT
ajfa-10763	472	1	internal	internal	ADJ
ajfa-10763	472	2	governance	governance	NOUN
ajfa-10763	472	3	structures	structure	NOUN
ajfa-10763	472	4	and	and	CCONJ
ajfa-10763	472	5	earnings	earning	NOUN
ajfa-10763	472	6	management	management	NOUN
ajfa-10763	472	7	.	.	PUNCT
ajfa-10763	473	1	accounting	accounting	NOUN
ajfa-10763	473	2	and	and	CCONJ
ajfa-10763	473	3	finance	finance	NOUN
ajfa-10763	473	4	,	,	PUNCT
ajfa-10763	473	5	45(2	45(2	NOUN
ajfa-10763	473	6	)	)	PUNCT
ajfa-10763	473	7	,	,	PUNCT
ajfa-10763	473	8	241	241	PROPN
ajfa-10763	473	9	-	-	SYM
ajfa-10763	473	10	267	267	NUM
ajfa-10763	473	11	.	.	PUNCT
ajfa-10763	474	1	http://dx.doi.org/10.1111/j.1467-629x.2004.00132.x	http://dx.doi.org/10.1111/j.1467-629x.2004.00132.x	ADJ
ajfa-10763	474	2	dechow	dechow	ADJ
ajfa-10763	474	3	,	,	PUNCT
ajfa-10763	474	4	p.	p.	NOUN
ajfa-10763	474	5	m.	m.	NOUN
ajfa-10763	474	6	,	,	PUNCT
ajfa-10763	474	7	myers	myers	PROPN
ajfa-10763	474	8	,	,	PUNCT
ajfa-10763	474	9	l.	l.	PROPN
ajfa-10763	474	10	,	,	PUNCT
ajfa-10763	474	11	&	&	CCONJ
ajfa-10763	474	12	shakespeare	shakespeare	PROPN
ajfa-10763	474	13	,	,	PUNCT
ajfa-10763	474	14	c.	c.	PROPN
ajfa-10763	474	15	(	(	PUNCT
ajfa-10763	474	16	2010	2010	NUM
ajfa-10763	474	17	)	)	PUNCT
ajfa-10763	474	18	.	.	PUNCT
ajfa-10763	475	1	fair	fair	ADJ
ajfa-10763	475	2	value	value	NOUN
ajfa-10763	475	3	accounting	accounting	NOUN
ajfa-10763	475	4	and	and	CCONJ
ajfa-10763	475	5	gains	gain	NOUN
ajfa-10763	475	6	from	from	ADP
ajfa-10763	475	7	asset	asset	NOUN
ajfa-10763	475	8	securitizations	securitization	NOUN
ajfa-10763	475	9	:	:	PUNCT
ajfa-10763	475	10	a	a	DET
ajfa-10763	475	11	convenient	convenient	ADJ
ajfa-10763	475	12	earnings	earning	NOUN
ajfa-10763	475	13	management	management	NOUN
ajfa-10763	475	14	tool	tool	NOUN
ajfa-10763	475	15	with	with	ADP
ajfa-10763	475	16	compensation	compensation	NOUN
ajfa-10763	475	17	side	side	NOUN
ajfa-10763	475	18	-	-	PUNCT
ajfa-10763	475	19	benefits	benefit	NOUN
ajfa-10763	475	20	.	.	PUNCT
ajfa-10763	476	1	journal	journal	NOUN
ajfa-10763	476	2	of	of	ADP
ajfa-10763	476	3	accounting	accounting	NOUN
ajfa-10763	476	4	economics	economic	NOUN
ajfa-10763	476	5	,	,	PUNCT
ajfa-10763	476	6	49	49	NUM
ajfa-10763	476	7	,	,	PUNCT
ajfa-10763	476	8	2	2	NUM
ajfa-10763	476	9	-	-	SYM
ajfa-10763	476	10	25	25	NUM
ajfa-10763	476	11	.	.	PUNCT
ajfa-10763	477	1	http://dx.doi.org/10.1016/j.jacceco.2009.09.006	http://dx.doi.org/10.1016/j.jacceco.2009.09.006	NUM
ajfa-10763	477	2	deshmukh	deshmukh	PROPN
ajfa-10763	477	3	,	,	PUNCT
ajfa-10763	477	4	s.	s.	PROPN
ajfa-10763	477	5	,	,	PUNCT
ajfa-10763	477	6	goel	goel	PROPN
ajfa-10763	477	7	,	,	PUNCT
ajfa-10763	477	8	a.	a.	PROPN
ajfa-10763	477	9	,	,	PUNCT
ajfa-10763	477	10	&	&	CCONJ
ajfa-10763	477	11	howe	howe	PROPN
ajfa-10763	477	12	,	,	PUNCT
ajfa-10763	477	13	k.	k.	PROPN
ajfa-10763	477	14	(	(	PUNCT
ajfa-10763	477	15	2013	2013	NUM
ajfa-10763	477	16	)	)	PUNCT
ajfa-10763	477	17	.	.	PUNCT
ajfa-10763	478	1	ceo	ceo	NOUN
ajfa-10763	478	2	overconfidence	overconfidence	NOUN
ajfa-10763	478	3	and	and	CCONJ
ajfa-10763	478	4	dividend	dividend	NOUN
ajfa-10763	478	5	policy	policy	NOUN
ajfa-10763	478	6	.	.	PUNCT
ajfa-10763	479	1	journal	journal	NOUN
ajfa-10763	479	2	of	of	ADP
ajfa-10763	479	3	financial	financial	ADJ
ajfa-10763	479	4	intermediation	intermediation	NOUN
ajfa-10763	479	5	,	,	PUNCT
ajfa-10763	479	6	22(3	22(3	NUM
ajfa-10763	479	7	)	)	PUNCT
ajfa-10763	479	8	,	,	PUNCT
ajfa-10763	479	9	440	440	NUM
ajfa-10763	479	10	-	-	SYM
ajfa-10763	479	11	463	463	NUM
ajfa-10763	479	12	..	..	PUNCT
ajfa-10763	479	13	http://dx.doi.org/10.1016/j.jfi.2013.02.003	http://dx.doi.org/10.1016/j.jfi.2013.02.003	PROPN
ajfa-10763	479	14	fiechter	fiechter	PROPN
ajfa-10763	479	15	,	,	PUNCT
ajfa-10763	479	16	p.	p.	PROPN
ajfa-10763	479	17	,	,	PUNCT
ajfa-10763	479	18	&	&	CCONJ
ajfa-10763	479	19	meyer	meyer	PROPN
ajfa-10763	479	20	,	,	PUNCT
ajfa-10763	479	21	c.	c.	PROPN
ajfa-10763	479	22	(	(	PUNCT
ajfa-10763	479	23	2011	2011	NUM
ajfa-10763	479	24	)	)	PUNCT
ajfa-10763	479	25	.	.	PUNCT
ajfa-10763	480	1	discretion	discretion	NOUN
ajfa-10763	480	2	in	in	ADP
ajfa-10763	480	3	fair	fair	ADJ
ajfa-10763	480	4	value	value	NOUN
ajfa-10763	480	5	measurement	measurement	NOUN
ajfa-10763	480	6	of	of	ADP
ajfa-10763	480	7	banks	bank	NOUN
ajfa-10763	480	8	during	during	ADP
ajfa-10763	480	9	the	the	DET
ajfa-10763	480	10	2008	2008	NUM
ajfa-10763	480	11	financial	financial	ADJ
ajfa-10763	480	12	crisis	crisis	NOUN
ajfa-10763	480	13	.	.	PUNCT
ajfa-10763	481	1	working	work	VERB
ajfa-10763	481	2	paper	paper	NOUN
ajfa-10763	481	3	.	.	PUNCT
ajfa-10763	482	1	university	university	NOUN
ajfa-10763	482	2	of	of	ADP
ajfa-10763	482	3	zurich	zurich	PROPN
ajfa-10763	482	4	.	.	PUNCT
ajfa-10763	483	1	garven	garven	PROPN
ajfa-10763	483	2	,	,	PUNCT
ajfa-10763	483	3	s.	s.	PROPN
ajfa-10763	483	4	a.	a.	PROPN
ajfa-10763	483	5	(	(	PUNCT
ajfa-10763	483	6	2009	2009	NUM
ajfa-10763	483	7	)	)	PUNCT
ajfa-10763	483	8	.	.	PUNCT
ajfa-10763	484	1	the	the	DET
ajfa-10763	484	2	effect	effect	NOUN
ajfa-10763	484	3	of	of	ADP
ajfa-10763	484	4	board	board	NOUN
ajfa-10763	484	5	and	and	CCONJ
ajfa-10763	484	6	audit	audit	NOUN
ajfa-10763	484	7	committee	committee	NOUN
ajfa-10763	484	8	characteristics	characteristic	NOUN
ajfa-10763	484	9	on	on	ADP
ajfa-10763	484	10	real	real	ADJ
ajfa-10763	484	11	earnings	earning	NOUN
ajfa-10763	484	12	management	management	NOUN
ajfa-10763	484	13	:	:	PUNCT
ajfa-10763	484	14	do	do	AUX
ajfa-10763	484	15	boards	board	NOUN
ajfa-10763	484	16	and	and	CCONJ
ajfa-10763	484	17	audit	audit	NOUN
ajfa-10763	484	18	committees	committee	NOUN
ajfa-10763	484	19	play	play	VERB
ajfa-10763	484	20	a	a	DET
ajfa-10763	484	21	role	role	NOUN
ajfa-10763	484	22	in	in	ADP
ajfa-10763	484	23	its	its	PRON
ajfa-10763	484	24	constraint	constraint	NOUN
ajfa-10763	484	25	?	?	PUNCT
ajfa-10763	485	1	working	work	VERB
ajfa-10763	485	2	paper	paper	NOUN
ajfa-10763	485	3	,	,	PUNCT
ajfa-10763	485	4	the	the	DET
ajfa-10763	485	5	university	university	NOUN
ajfa-10763	485	6	of	of	ADP
ajfa-10763	485	7	alabama	alabama	PROPN
ajfa-10763	485	8	.	.	PUNCT
ajfa-10763	486	1	goel	goel	PROPN
ajfa-10763	486	2	,	,	PUNCT
ajfa-10763	486	3	a.	a.	NOUN
ajfa-10763	486	4	m.	m.	NOUN
ajfa-10763	486	5	,	,	PUNCT
ajfa-10763	486	6	&	&	CCONJ
ajfa-10763	486	7	thakor	thakor	PROPN
ajfa-10763	486	8	,	,	PUNCT
ajfa-10763	486	9	a.	a.	PROPN
ajfa-10763	486	10	j.	j.	PROPN
ajfa-10763	486	11	(	(	PUNCT
ajfa-10763	486	12	2008	2008	NUM
ajfa-10763	486	13	)	)	PUNCT
ajfa-10763	486	14	.	.	PUNCT
ajfa-10763	487	1	overconfidence	overconfidence	NOUN
ajfa-10763	487	2	,	,	PUNCT
ajfa-10763	487	3	ceo	ceo	NOUN
ajfa-10763	487	4	selection	selection	NOUN
ajfa-10763	487	5	,	,	PUNCT
ajfa-10763	487	6	and	and	CCONJ
ajfa-10763	487	7	corporate	corporate	ADJ
ajfa-10763	487	8	governance	governance	NOUN
ajfa-10763	487	9	.	.	PUNCT
ajfa-10763	488	1	journal	journal	NOUN
ajfa-10763	488	2	of	of	ADP
ajfa-10763	488	3	finance	finance	NOUN
ajfa-10763	488	4	,	,	PUNCT
ajfa-10763	488	5	63	63	NUM
ajfa-10763	488	6	,	,	PUNCT
ajfa-10763	488	7	2737	2737	NUM
ajfa-10763	488	8	-	-	SYM
ajfa-10763	488	9	2784	2784	NUM
ajfa-10763	488	10	.	.	PUNCT
ajfa-10763	489	1	http://dx.doi.org/10.1111/j.1540-6261.2008.01412.x	http://dx.doi.org/10.1111/j.1540-6261.2008.01412.x	ADJ
ajfa-10763	489	2	gompers	gomper	NOUN
ajfa-10763	489	3	,	,	PUNCT
ajfa-10763	489	4	p.	p.	NOUN
ajfa-10763	489	5	a.	a.	NOUN
ajfa-10763	489	6	,	,	PUNCT
ajfa-10763	489	7	ishii	ishii	PROPN
ajfa-10763	489	8	,	,	PUNCT
ajfa-10763	489	9	j.	j.	PROPN
ajfa-10763	489	10	l.	l.	PROPN
ajfa-10763	489	11	,	,	PUNCT
ajfa-10763	489	12	&	&	CCONJ
ajfa-10763	489	13	metrick	metrick	ADJ
ajfa-10763	489	14	,	,	PUNCT
ajfa-10763	489	15	a.	a.	NOUN
ajfa-10763	489	16	(	(	PUNCT
ajfa-10763	489	17	2003	2003	NUM
ajfa-10763	489	18	)	)	PUNCT
ajfa-10763	489	19	.	.	PUNCT
ajfa-10763	490	1	corporate	corporate	ADJ
ajfa-10763	490	2	governance	governance	NOUN
ajfa-10763	490	3	and	and	CCONJ
ajfa-10763	490	4	equity	equity	NOUN
ajfa-10763	490	5	prices	price	NOUN
ajfa-10763	490	6	.	.	PUNCT
ajfa-10763	491	1	the	the	DET
ajfa-10763	491	2	quarterly	quarterly	ADJ
ajfa-10763	491	3	journal	journal	NOUN
ajfa-10763	491	4	of	of	ADP
ajfa-10763	491	5	economics	economic	NOUN
ajfa-10763	491	6	,	,	PUNCT
ajfa-10763	491	7	118(1	118(1	NUM
ajfa-10763	491	8	)	)	PUNCT
ajfa-10763	491	9	,	,	PUNCT
ajfa-10763	491	10	107	107	NUM
ajfa-10763	491	11	-	-	SYM
ajfa-10763	491	12	155	155	NUM
ajfa-10763	491	13	.	.	PUNCT
ajfa-10763	492	1	http://dx.doi.org/10.1162/00335530360535162	http://dx.doi.org/10.1162/00335530360535162	PROPN
ajfa-10763	492	2	hackbarth	hackbarth	PROPN
ajfa-10763	492	3	,	,	PUNCT
ajfa-10763	492	4	d.	d.	PROPN
ajfa-10763	492	5	(	(	PUNCT
ajfa-10763	492	6	2003	2003	NUM
ajfa-10763	492	7	)	)	PUNCT
ajfa-10763	492	8	.	.	PUNCT
ajfa-10763	493	1	corporate	corporate	ADJ
ajfa-10763	493	2	financial	financial	ADJ
ajfa-10763	493	3	decision	decision	NOUN
ajfa-10763	493	4	-	-	PUNCT
ajfa-10763	493	5	making	make	VERB
ajfa-10763	493	6	and	and	CCONJ
ajfa-10763	493	7	managerial	managerial	ADJ
ajfa-10763	493	8	traits	trait	NOUN
ajfa-10763	493	9	.	.	PUNCT
ajfa-10763	494	1	berkeley	berkeley	PROPN
ajfa-10763	494	2	,	,	PUNCT
ajfa-10763	494	3	ca	can	AUX
ajfa-10763	494	4	:	:	PUNCT
ajfa-10763	494	5	doctoral	doctoral	ADJ
ajfa-10763	494	6	dissertations	dissertation	NOUN
ajfa-10763	494	7	,	,	PUNCT
ajfa-10763	494	8	university	university	NOUN
ajfa-10763	494	9	of	of	ADP
ajfa-10763	494	10	california	california	PROPN
ajfa-10763	494	11	.	.	PUNCT
ajfa-10763	495	1	asian	asian	ADJ
ajfa-10763	495	2	journal	journal	PROPN
ajfa-10763	495	3	of	of	ADP
ajfa-10763	495	4	finance	finance	PROPN
ajfa-10763	495	5	&	&	CCONJ
ajfa-10763	495	6	accounting	accounting	PROPN
ajfa-10763	495	7	issn	issn	PROPN
ajfa-10763	495	8	1946	1946	NUM
ajfa-10763	495	9	-	-	PUNCT
ajfa-10763	495	10	052x	052x	PROPN
ajfa-10763	495	11	2017	2017	NUM
ajfa-10763	495	12	,	,	PUNCT
ajfa-10763	495	13	vol	vol	NOUN
ajfa-10763	495	14	.	.	NOUN
ajfa-10763	495	15	9	9	NUM
ajfa-10763	495	16	,	,	PUNCT
ajfa-10763	495	17	no	no	INTJ
ajfa-10763	495	18	.	.	NOUN
ajfa-10763	495	19	1	1	NUM
ajfa-10763	495	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	495	21	152	152	NUM
ajfa-10763	495	22	heaton	heaton	PROPN
ajfa-10763	495	23	,	,	PUNCT
ajfa-10763	495	24	j.	j.	PROPN
ajfa-10763	495	25	(	(	PUNCT
ajfa-10763	495	26	2002	2002	NUM
ajfa-10763	495	27	)	)	PUNCT
ajfa-10763	495	28	.	.	PUNCT
ajfa-10763	496	1	managerial	managerial	ADJ
ajfa-10763	496	2	optimism	optimism	NOUN
ajfa-10763	496	3	and	and	CCONJ
ajfa-10763	496	4	corporate	corporate	ADJ
ajfa-10763	496	5	finance	finance	NOUN
ajfa-10763	496	6	.	.	PUNCT
ajfa-10763	497	1	financial	financial	ADJ
ajfa-10763	497	2	management	management	NOUN
ajfa-10763	497	3	31	31	NUM
ajfa-10763	497	4	,	,	PUNCT
ajfa-10763	497	5	33	33	NUM
ajfa-10763	497	6	-	-	SYM
ajfa-10763	497	7	45	45	NUM
ajfa-10763	497	8	.	.	PUNCT
ajfa-10763	498	1	hilary	hilary	PROPN
ajfa-10763	498	2	,	,	PUNCT
ajfa-10763	498	3	g.	g.	PROPN
ajfa-10763	498	4	,	,	PUNCT
ajfa-10763	498	5	&	&	CCONJ
ajfa-10763	498	6	hsu	hsu	PROPN
ajfa-10763	498	7	,	,	PUNCT
ajfa-10763	498	8	c.	c.	PROPN
ajfa-10763	498	9	(	(	PUNCT
ajfa-10763	498	10	2011	2011	NUM
ajfa-10763	498	11	)	)	PUNCT
ajfa-10763	498	12	.	.	PUNCT
ajfa-10763	499	1	endogenous	endogenous	ADJ
ajfa-10763	499	2	overconfidence	overconfidence	NOUN
ajfa-10763	499	3	in	in	ADP
ajfa-10763	499	4	managerial	managerial	ADJ
ajfa-10763	499	5	forecasts	forecast	NOUN
ajfa-10763	499	6	.	.	PUNCT
ajfa-10763	500	1	journal	journal	PROPN
ajfa-10763	500	2	of	of	ADP
ajfa-10763	500	3	accounting	accounting	NOUN
ajfa-10763	500	4	and	and	CCONJ
ajfa-10763	500	5	economics	economic	NOUN
ajfa-10763	500	6	,	,	PUNCT
ajfa-10763	500	7	51	51	NUM
ajfa-10763	500	8	,	,	PUNCT
ajfa-10763	500	9	300	300	NUM
ajfa-10763	500	10	-	-	SYM
ajfa-10763	500	11	313	313	NUM
ajfa-10763	500	12	.	.	PUNCT
ajfa-10763	501	1	http://dx.doi.org/10.1016/j.jacceco.2011.01.002	http://dx.doi.org/10.1016/j.jacceco.2011.01.002	PROPN
ajfa-10763	501	2	hirshleifer	hirshleifer	PROPN
ajfa-10763	501	3	,	,	PUNCT
ajfa-10763	501	4	d.	d.	PROPN
ajfa-10763	501	5	,	,	PUNCT
ajfa-10763	501	6	low	low	ADJ
ajfa-10763	501	7	,	,	PUNCT
ajfa-10763	501	8	a.	a.	NOUN
ajfa-10763	501	9	,	,	PUNCT
ajfa-10763	501	10	&	&	CCONJ
ajfa-10763	501	11	teoh	teoh	PROPN
ajfa-10763	501	12	,	,	PUNCT
ajfa-10763	501	13	s.	s.	PROPN
ajfa-10763	501	14	(	(	PUNCT
ajfa-10763	501	15	2012	2012	NUM
ajfa-10763	501	16	)	)	PUNCT
ajfa-10763	501	17	.	.	PUNCT
ajfa-10763	501	18	are	be	AUX
ajfa-10763	501	19	overconfident	overconfident	ADJ
ajfa-10763	501	20	ceos	ceos	NOUN
ajfa-10763	501	21	better	well	ADJ
ajfa-10763	501	22	innovators	innovator	NOUN
ajfa-10763	501	23	?	?	PUNCT
ajfa-10763	502	1	journal	journal	NOUN
ajfa-10763	502	2	of	of	ADP
ajfa-10763	502	3	finance	finance	NOUN
ajfa-10763	502	4	,	,	PUNCT
ajfa-10763	502	5	67	67	NUM
ajfa-10763	502	6	,	,	PUNCT
ajfa-10763	502	7	1457	1457	NUM
ajfa-10763	502	8	-	-	SYM
ajfa-10763	502	9	1498	1498	NUM
ajfa-10763	502	10	.	.	PUNCT
ajfa-10763	503	1	http://dx.doi.org/10.1111/j.1540-6261.2012.01753.x	http://dx.doi.org/10.1111/j.1540-6261.2012.01753.x	ADJ
ajfa-10763	503	2	hribar	hribar	NOUN
ajfa-10763	503	3	,	,	PUNCT
ajfa-10763	503	4	p.	p.	PROPN
ajfa-10763	503	5	,	,	PUNCT
ajfa-10763	503	6	&	&	CCONJ
ajfa-10763	503	7	yang	yang	PROPN
ajfa-10763	503	8	,	,	PUNCT
ajfa-10763	503	9	h.	h.	PROPN
ajfa-10763	503	10	(	(	PUNCT
ajfa-10763	503	11	2016	2016	NUM
ajfa-10763	503	12	)	)	PUNCT
ajfa-10763	503	13	.	.	PUNCT
ajfa-10763	504	1	ceo	ceo	NOUN
ajfa-10763	504	2	overconfidence	overconfidence	NOUN
ajfa-10763	504	3	and	and	CCONJ
ajfa-10763	504	4	management	management	NOUN
ajfa-10763	504	5	forecasting	forecasting	NOUN
ajfa-10763	504	6	.	.	PUNCT
ajfa-10763	505	1	contemporary	contemporary	ADJ
ajfa-10763	505	2	accounting	accounting	PROPN
ajfa-10763	505	3	research	research	NOUN
ajfa-10763	505	4	,	,	PUNCT
ajfa-10763	505	5	33	33	NUM
ajfa-10763	505	6	,	,	PUNCT
ajfa-10763	505	7	204	204	NUM
ajfa-10763	505	8	-	-	SYM
ajfa-10763	505	9	227	227	NUM
ajfa-10763	505	10	.	.	PUNCT
ajfa-10763	506	1	http://dx.doi.org/10.1111/1911-3846.12144	http://dx.doi.org/10.1111/1911-3846.12144	PROPN
ajfa-10763	506	2	hsieh	hsieh	PROPN
ajfa-10763	506	3	,	,	PUNCT
ajfa-10763	506	4	t.	t.	PROPN
ajfa-10763	506	5	s.	s.	PROPN
ajfa-10763	506	6	,	,	PUNCT
ajfa-10763	506	7	bendad	bendad	PROPN
ajfa-10763	506	8	,	,	PUNCT
ajfa-10763	506	9	j.	j.	PROPN
ajfa-10763	506	10	c.	c.	PROPN
ajfa-10763	506	11	,	,	PUNCT
ajfa-10763	506	12	&	&	CCONJ
ajfa-10763	506	13	johostone	johostone	PROPN
ajfa-10763	506	14	,	,	PUNCT
ajfa-10763	506	15	k.	k.	PROPN
ajfa-10763	506	16	m.	m.	PROPN
ajfa-10763	506	17	(	(	PUNCT
ajfa-10763	506	18	2014).ceo	2014).ceo	NUM
ajfa-10763	506	19	overconfidence	overconfidence	NOUN
ajfa-10763	506	20	and	and	CCONJ
ajfa-10763	506	21	earnings	earning	NOUN
ajfa-10763	506	22	management	management	NOUN
ajfa-10763	506	23	during	during	ADP
ajfa-10763	506	24	shifting	shift	VERB
ajfa-10763	506	25	regulatory	regulatory	ADJ
ajfa-10763	506	26	regimes	regime	NOUN
ajfa-10763	506	27	.	.	PUNCT
ajfa-10763	507	1	journal	journal	PROPN
ajfa-10763	507	2	of	of	ADP
ajfa-10763	507	3	business	business	NOUN
ajfa-10763	507	4	finance	finance	PROPN
ajfa-10763	507	5	&	&	CCONJ
ajfa-10763	507	6	accounting	accounting	PROPN
ajfa-10763	507	7	,	,	PUNCT
ajfa-10763	507	8	41(9	41(9	NOUN
ajfa-10763	507	9	-	-	PUNCT
ajfa-10763	507	10	10	10	NUM
ajfa-10763	507	11	)	)	PUNCT
ajfa-10763	507	12	,	,	PUNCT
ajfa-10763	507	13	1243	1243	NUM
ajfa-10763	507	14	-	-	SYM
ajfa-10763	507	15	1268	1268	NUM
ajfa-10763	507	16	.	.	PUNCT
ajfa-10763	507	17	http://dx.doi.org/10.1111/jbfa.12089	http://dx.doi.org/10.1111/jbfa.12089	PUNCT
ajfa-10763	508	1	jensen	jensen	PROPN
ajfa-10763	508	2	,	,	PUNCT
ajfa-10763	508	3	m.	m.	NOUN
ajfa-10763	508	4	,	,	PUNCT
ajfa-10763	508	5	&	&	CCONJ
ajfa-10763	508	6	meckling	meckling	PROPN
ajfa-10763	508	7	,	,	PUNCT
ajfa-10763	508	8	w.	w.	NOUN
ajfa-10763	508	9	(	(	PUNCT
ajfa-10763	508	10	1976	1976	NUM
ajfa-10763	508	11	)	)	PUNCT
ajfa-10763	508	12	.	.	PUNCT
ajfa-10763	509	1	theory	theory	NOUN
ajfa-10763	509	2	of	of	ADP
ajfa-10763	509	3	the	the	DET
ajfa-10763	509	4	firm	firm	NOUN
ajfa-10763	509	5	:	:	PUNCT
ajfa-10763	509	6	managerial	managerial	ADJ
ajfa-10763	509	7	behavior	behavior	NOUN
ajfa-10763	509	8	,	,	PUNCT
ajfa-10763	509	9	agency	agency	NOUN
ajfa-10763	509	10	costs	cost	NOUN
ajfa-10763	509	11	,	,	PUNCT
ajfa-10763	509	12	and	and	CCONJ
ajfa-10763	509	13	capital	capital	NOUN
ajfa-10763	509	14	structure	structure	NOUN
ajfa-10763	509	15	.	.	PUNCT
ajfa-10763	510	1	journal	journal	NOUN
ajfa-10763	510	2	of	of	ADP
ajfa-10763	510	3	financial	financial	ADJ
ajfa-10763	510	4	economic	economic	ADJ
ajfa-10763	510	5	,	,	PUNCT
ajfa-10763	510	6	33	33	NUM
ajfa-10763	510	7	,	,	PUNCT
ajfa-10763	510	8	305	305	NUM
ajfa-10763	510	9	-	-	SYM
ajfa-10763	510	10	360	360	NUM
ajfa-10763	510	11	.	.	PUNCT
ajfa-10763	511	1	http://dx.doi.org/10.1016/0304-405x(76)90026-x	http://dx.doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-10763	511	2	karamanou	karamanou	PROPN
ajfa-10763	511	3	,	,	PUNCT
ajfa-10763	511	4	i.	i.	PROPN
ajfa-10763	511	5	,	,	PUNCT
ajfa-10763	511	6	&	&	CCONJ
ajfa-10763	511	7	vafeas	vafea	NOUN
ajfa-10763	511	8	,	,	PUNCT
ajfa-10763	511	9	n.	n.	NOUN
ajfa-10763	511	10	(	(	PUNCT
ajfa-10763	511	11	2005	2005	NUM
ajfa-10763	511	12	)	)	PUNCT
ajfa-10763	511	13	.	.	PUNCT
ajfa-10763	512	1	the	the	DET
ajfa-10763	512	2	association	association	NOUN
ajfa-10763	512	3	between	between	ADP
ajfa-10763	512	4	corporate	corporate	ADJ
ajfa-10763	512	5	boards	board	NOUN
ajfa-10763	512	6	,	,	PUNCT
ajfa-10763	512	7	audit	audit	NOUN
ajfa-10763	512	8	committees	committee	NOUN
ajfa-10763	512	9	,	,	PUNCT
ajfa-10763	512	10	and	and	CCONJ
ajfa-10763	512	11	management	management	NOUN
ajfa-10763	512	12	earnings	earning	NOUN
ajfa-10763	512	13	forecasts	forecast	NOUN
ajfa-10763	512	14	:	:	PUNCT
ajfa-10763	512	15	an	an	DET
ajfa-10763	512	16	empirical	empirical	ADJ
ajfa-10763	512	17	analysis	analysis	NOUN
ajfa-10763	512	18	.	.	PUNCT
ajfa-10763	513	1	journal	journal	NOUN
ajfa-10763	513	2	of	of	ADP
ajfa-10763	513	3	accounting	accounting	NOUN
ajfa-10763	513	4	research	research	NOUN
ajfa-10763	513	5	,	,	PUNCT
ajfa-10763	513	6	43(3	43(3	NUM
ajfa-10763	513	7	)	)	PUNCT
ajfa-10763	513	8	,	,	PUNCT
ajfa-10763	513	9	453	453	NUM
ajfa-10763	513	10	-	-	SYM
ajfa-10763	513	11	486	486	NUM
ajfa-10763	513	12	.	.	PUNCT
ajfa-10763	514	1	http://dx.doi.org/10.1111/j.1475-679x.2005.00177.x	http://dx.doi.org/10.1111/j.1475-679x.2005.00177.x	PROPN
ajfa-10763	514	2	klein	klein	PROPN
ajfa-10763	514	3	,	,	PUNCT
ajfa-10763	514	4	a.	a.	PROPN
ajfa-10763	514	5	(	(	PUNCT
ajfa-10763	514	6	2002	2002	NUM
ajfa-10763	514	7	)	)	PUNCT
ajfa-10763	514	8	.	.	PUNCT
ajfa-10763	515	1	audit	audit	NOUN
ajfa-10763	515	2	committee	committee	PROPN
ajfa-10763	515	3	,	,	PUNCT
ajfa-10763	515	4	board	board	NOUN
ajfa-10763	515	5	of	of	ADP
ajfa-10763	515	6	director	director	NOUN
ajfa-10763	515	7	characteristics	characteristic	NOUN
ajfa-10763	515	8	,	,	PUNCT
ajfa-10763	515	9	and	and	CCONJ
ajfa-10763	515	10	earnings	earning	NOUN
ajfa-10763	515	11	management	management	NOUN
ajfa-10763	515	12	.	.	PUNCT
ajfa-10763	516	1	journal	journal	NOUN
ajfa-10763	516	2	of	of	ADP
ajfa-10763	516	3	accounting	accounting	NOUN
ajfa-10763	516	4	and	and	CCONJ
ajfa-10763	516	5	economics	economic	NOUN
ajfa-10763	516	6	,	,	PUNCT
ajfa-10763	516	7	33(3	33(3	NOUN
ajfa-10763	516	8	)	)	PUNCT
ajfa-10763	516	9	,	,	PUNCT
ajfa-10763	516	10	375	375	NUM
ajfa-10763	516	11	-	-	SYM
ajfa-10763	516	12	400	400	NUM
ajfa-10763	516	13	.	.	PUNCT
ajfa-10763	517	1	http://dx.doi.org/10.1016/s0165-4101(02)00059-9	http://dx.doi.org/10.1016/s0165-4101(02)00059-9	PROPN
ajfa-10763	517	2	kohlbeck	kohlbeck	NOUN
ajfa-10763	517	3	,	,	PUNCT
ajfa-10763	517	4	m.	m.	NOUN
ajfa-10763	517	5	,	,	PUNCT
ajfa-10763	517	6	&	&	CCONJ
ajfa-10763	517	7	valencia	valencia	PROPN
ajfa-10763	517	8	,	,	PUNCT
ajfa-10763	517	9	a.	a.	NOUN
ajfa-10763	517	10	(	(	PUNCT
ajfa-10763	517	11	2014	2014	NUM
ajfa-10763	517	12	)	)	PUNCT
ajfa-10763	517	13	.	.	PUNCT
ajfa-10763	518	1	auditors	auditor	NOUN
ajfa-10763	518	2	influence	influence	VERB
ajfa-10763	518	3	on	on	ADP
ajfa-10763	518	4	transfers	transfer	NOUN
ajfa-10763	518	5	of	of	ADP
ajfa-10763	518	6	fair	fair	ADV
ajfa-10763	518	7	-	-	PUNCT
ajfa-10763	518	8	valued	value	VERB
ajfa-10763	518	9	instruments	instrument	NOUN
ajfa-10763	518	10	into	into	ADP
ajfa-10763	518	11	and	and	CCONJ
ajfa-10763	518	12	out	out	ADP
ajfa-10763	518	13	of	of	ADP
ajfa-10763	518	14	level	level	NOUN
ajfa-10763	518	15	3	3	NUM
ajfa-10763	518	16	classification	classification	NOUN
ajfa-10763	518	17	.	.	PUNCT
ajfa-10763	519	1	working	work	VERB
ajfa-10763	519	2	paper	paper	NOUN
ajfa-10763	519	3	,	,	PUNCT
ajfa-10763	519	4	florida	florida	PROPN
ajfa-10763	519	5	atlantic	atlantic	PROPN
ajfa-10763	519	6	university	university	PROPN
ajfa-10763	519	7	.	.	PUNCT
ajfa-10763	520	1	http://dx.doi.org/10.1016/j.adiac.2016.09.003	http://dx.doi.org/10.1016/j.adiac.2016.09.003	PROPN
ajfa-10763	520	2	kolev	kolev	NOUN
ajfa-10763	520	3	,	,	PUNCT
ajfa-10763	520	4	k.	k.	PROPN
ajfa-10763	520	5	(	(	PUNCT
ajfa-10763	520	6	2008	2008	NUM
ajfa-10763	520	7	)	)	PUNCT
ajfa-10763	520	8	.	.	PUNCT
ajfa-10763	521	1	do	do	AUX
ajfa-10763	521	2	investors	investor	NOUN
ajfa-10763	521	3	perceive	perceive	VERB
ajfa-10763	521	4	marking	mark	VERB
ajfa-10763	521	5	-	-	PUNCT
ajfa-10763	521	6	to	to	ADP
ajfa-10763	521	7	-	-	PUNCT
ajfa-10763	521	8	model	model	NOUN
ajfa-10763	521	9	as	as	ADP
ajfa-10763	521	10	marking	mark	VERB
ajfa-10763	521	11	-	-	PUNCT
ajfa-10763	521	12	to	to	ADP
ajfa-10763	521	13	-	-	PUNCT
ajfa-10763	521	14	myth	myth	NOUN
ajfa-10763	521	15	?	?	PUNCT
ajfa-10763	522	1	early	early	ADJ
ajfa-10763	522	2	evidence	evidence	NOUN
ajfa-10763	522	3	from	from	ADP
ajfa-10763	522	4	fas	fas	PROPN
ajfa-10763	522	5	157	157	NUM
ajfa-10763	522	6	disclosure	disclosure	NOUN
ajfa-10763	522	7	.	.	PUNCT
ajfa-10763	523	1	working	work	VERB
ajfa-10763	523	2	paper	paper	NOUN
ajfa-10763	523	3	,	,	PUNCT
ajfa-10763	523	4	new	new	PROPN
ajfa-10763	523	5	york	york	PROPN
ajfa-10763	523	6	university	university	PROPN
ajfa-10763	523	7	.	.	PUNCT
ajfa-10763	524	1	http://dx.doi.org/10.2139/ssrn.1336368	http://dx.doi.org/10.2139/ssrn.1336368	PROPN
ajfa-10763	524	2	larcker	larcker	PROPN
ajfa-10763	524	3	,	,	PUNCT
ajfa-10763	524	4	d.	d.	PROPN
ajfa-10763	524	5	f.	f.	PROPN
ajfa-10763	524	6	,	,	PUNCT
ajfa-10763	524	7	richardson	richardson	PROPN
ajfa-10763	524	8	,	,	PUNCT
ajfa-10763	524	9	s.	s.	PROPN
ajfa-10763	524	10	a.	a.	PROPN
ajfa-10763	524	11	,	,	PUNCT
ajfa-10763	524	12	&	&	CCONJ
ajfa-10763	524	13	tuna	tuna	PROPN
ajfa-10763	524	14	,	,	PUNCT
ajfa-10763	524	15	i.	i.	NOUN
ajfa-10763	524	16	(	(	PUNCT
ajfa-10763	524	17	2007	2007	NUM
ajfa-10763	524	18	)	)	PUNCT
ajfa-10763	524	19	.	.	PUNCT
ajfa-10763	525	1	corporate	corporate	ADJ
ajfa-10763	525	2	governance	governance	NOUN
ajfa-10763	525	3	,	,	PUNCT
ajfa-10763	525	4	accounting	account	VERB
ajfa-10763	525	5	outcomes	outcome	NOUN
ajfa-10763	525	6	,	,	PUNCT
ajfa-10763	525	7	and	and	CCONJ
ajfa-10763	525	8	organizational	organizational	ADJ
ajfa-10763	525	9	performance	performance	NOUN
ajfa-10763	525	10	.	.	PUNCT
ajfa-10763	526	1	the	the	DET
ajfa-10763	526	2	accounting	accounting	PROPN
ajfa-10763	526	3	review	review	PROPN
ajfa-10763	526	4	,	,	PUNCT
ajfa-10763	526	5	82(4	82(4	NUM
ajfa-10763	526	6	)	)	PUNCT
ajfa-10763	526	7	,	,	PUNCT
ajfa-10763	526	8	963	963	NUM
ajfa-10763	526	9	-	-	SYM
ajfa-10763	526	10	1008	1008	NUM
ajfa-10763	526	11	.	.	PUNCT
ajfa-10763	527	1	http://dx.doi.org/10.2308/accr.2007.82.4.963	http://dx.doi.org/10.2308/accr.2007.82.4.963	PROPN
ajfa-10763	527	2	laux	laux	PROPN
ajfa-10763	527	3	,	,	PUNCT
ajfa-10763	527	4	c.	c.	PROPN
ajfa-10763	527	5	,	,	PUNCT
ajfa-10763	527	6	&	&	CCONJ
ajfa-10763	527	7	leuz	leuz	PROPN
ajfa-10763	527	8	,	,	PUNCT
ajfa-10763	527	9	c.	c.	PROPN
ajfa-10763	527	10	(	(	PUNCT
ajfa-10763	527	11	2009	2009	NUM
ajfa-10763	527	12	)	)	PUNCT
ajfa-10763	527	13	.	.	PUNCT
ajfa-10763	528	1	the	the	DET
ajfa-10763	528	2	crisis	crisis	NOUN
ajfa-10763	528	3	of	of	ADP
ajfa-10763	528	4	fair	fair	ADJ
ajfa-10763	528	5	value	value	NOUN
ajfa-10763	528	6	accounting	accounting	NOUN
ajfa-10763	528	7	:	:	PUNCT
ajfa-10763	528	8	making	make	VERB
ajfa-10763	528	9	sense	sense	NOUN
ajfa-10763	528	10	of	of	ADP
ajfa-10763	528	11	the	the	DET
ajfa-10763	528	12	recent	recent	ADJ
ajfa-10763	528	13	debate	debate	NOUN
ajfa-10763	528	14	.	.	PUNCT
ajfa-10763	529	1	accounting	accounting	NOUN
ajfa-10763	529	2	,	,	PUNCT
ajfa-10763	529	3	organizations	organization	NOUN
ajfa-10763	529	4	and	and	CCONJ
ajfa-10763	529	5	society	society	NOUN
ajfa-10763	529	6	,	,	PUNCT
ajfa-10763	529	7	34(6	34(6	NOUN
ajfa-10763	529	8	-	-	SYM
ajfa-10763	529	9	7	7	NUM
ajfa-10763	529	10	)	)	PUNCT
ajfa-10763	529	11	,	,	PUNCT
ajfa-10763	529	12	826	826	NUM
ajfa-10763	529	13	-	-	SYM
ajfa-10763	529	14	834	834	NUM
ajfa-10763	529	15	.	.	PUNCT
ajfa-10763	530	1	http://dx.doi.org/10.1016/j.aos.2009.04.003	http://dx.doi.org/10.1016/j.aos.2009.04.003	PROPN
ajfa-10763	530	2	libby	libby	PROPN
ajfa-10763	530	3	,	,	PUNCT
ajfa-10763	530	4	r.	r.	PROPN
ajfa-10763	530	5	,	,	PUNCT
ajfa-10763	530	6	&	&	CCONJ
ajfa-10763	530	7	rennekamp	rennekamp	PROPN
ajfa-10763	530	8	,	,	PUNCT
ajfa-10763	530	9	k.	k.	PROPN
ajfa-10763	530	10	(	(	PUNCT
ajfa-10763	530	11	2012	2012	NUM
ajfa-10763	530	12	)	)	PUNCT
ajfa-10763	530	13	.	.	PUNCT
ajfa-10763	531	1	self	self	NOUN
ajfa-10763	531	2	-	-	PUNCT
ajfa-10763	531	3	serving	serve	VERB
ajfa-10763	531	4	attribution	attribution	NOUN
ajfa-10763	531	5	bias	bias	NOUN
ajfa-10763	531	6	,	,	PUNCT
ajfa-10763	531	7	overconfidence	overconfidence	NOUN
ajfa-10763	531	8	,	,	PUNCT
ajfa-10763	531	9	and	and	CCONJ
ajfa-10763	531	10	the	the	DET
ajfa-10763	531	11	issuance	issuance	NOUN
ajfa-10763	531	12	of	of	ADP
ajfa-10763	531	13	management	management	NOUN
ajfa-10763	531	14	forecasts	forecast	NOUN
ajfa-10763	531	15	.	.	PUNCT
ajfa-10763	532	1	journal	journal	NOUN
ajfa-10763	532	2	of	of	ADP
ajfa-10763	532	3	accounting	accounting	NOUN
ajfa-10763	532	4	research	research	NOUN
ajfa-10763	532	5	,	,	PUNCT
ajfa-10763	532	6	50	50	NUM
ajfa-10763	532	7	,	,	PUNCT
ajfa-10763	532	8	197	197	NUM
ajfa-10763	532	9	-	-	SYM
ajfa-10763	532	10	231	231	NUM
ajfa-10763	532	11	.	.	PUNCT
ajfa-10763	533	1	http://dx.doi.org/10.1111/j.1475-679x.2011.00430.x	http://dx.doi.org/10.1111/j.1475-679x.2011.00430.x	PROPN
ajfa-10763	533	2	asian	asian	ADJ
ajfa-10763	533	3	journal	journal	NOUN
ajfa-10763	533	4	of	of	ADP
ajfa-10763	533	5	finance	finance	PROPN
ajfa-10763	533	6	&	&	CCONJ
ajfa-10763	533	7	accounting	accounting	PROPN
ajfa-10763	533	8	issn	issn	PROPN
ajfa-10763	533	9	1946	1946	NUM
ajfa-10763	533	10	-	-	PUNCT
ajfa-10763	533	11	052x	052x	PROPN
ajfa-10763	533	12	2017	2017	NUM
ajfa-10763	533	13	,	,	PUNCT
ajfa-10763	533	14	vol	vol	NOUN
ajfa-10763	533	15	.	.	NOUN
ajfa-10763	533	16	9	9	NUM
ajfa-10763	533	17	,	,	PUNCT
ajfa-10763	533	18	no	no	INTJ
ajfa-10763	533	19	.	.	NOUN
ajfa-10763	533	20	1	1	NUM
ajfa-10763	533	21	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10763	533	22	153	153	NUM
ajfa-10763	533	23	lin	lin	PROPN
ajfa-10763	533	24	c.	c.	PROPN
ajfa-10763	533	25	j.	j.	PROPN
ajfa-10763	533	26	,	,	PUNCT
ajfa-10763	533	27	liu	liu	PROPN
ajfa-10763	533	28	,	,	PUNCT
ajfa-10763	533	29	y.	y.	PROPN
ajfa-10763	533	30	p.	p.	PROPN
ajfa-10763	533	31	,	,	PUNCT
ajfa-10763	533	32	&	&	CCONJ
ajfa-10763	533	33	shiue	shiue	PROPN
ajfa-10763	533	34	,	,	PUNCT
ajfa-10763	533	35	m.	m.	NOUN
ajfa-10763	533	36	j.	j.	PROPN
ajfa-10763	533	37	(	(	PUNCT
ajfa-10763	533	38	2009	2009	NUM
ajfa-10763	533	39	)	)	PUNCT
ajfa-10763	533	40	.	.	PUNCT
ajfa-10763	534	1	board	board	NOUN
ajfa-10763	534	2	characteristics	characteristic	NOUN
ajfa-10763	534	3	and	and	CCONJ
ajfa-10763	534	4	overvalued	overvalued	ADJ
ajfa-10763	534	5	equity	equity	NOUN
ajfa-10763	534	6	:	:	PUNCT
ajfa-10763	534	7	evidence	evidence	NOUN
ajfa-10763	534	8	from	from	ADP
ajfa-10763	534	9	taiwan	taiwan	PROPN
ajfa-10763	534	10	.	.	PUNCT
ajfa-10763	535	1	international	international	ADJ
ajfa-10763	535	2	research	research	PROPN
ajfa-10763	535	3	journal	journal	NOUN
ajfa-10763	535	4	of	of	ADP
ajfa-10763	535	5	finance	finance	NOUN
ajfa-10763	535	6	and	and	CCONJ
ajfa-10763	535	7	economics	economic	NOUN
ajfa-10763	535	8	,	,	PUNCT
ajfa-10763	535	9	32	32	NUM
ajfa-10763	535	10	,	,	PUNCT
ajfa-10763	535	11	104	104	NUM
ajfa-10763	535	12	-	-	SYM
ajfa-10763	535	13	113	113	NUM
ajfa-10763	535	14	.	.	PUNCT
ajfa-10763	536	1	malmendier	malmendier	NOUN
ajfa-10763	536	2	,	,	PUNCT
ajfa-10763	536	3	u.	u.	PROPN
ajfa-10763	536	4	,	,	PUNCT
ajfa-10763	536	5	&	&	CCONJ
ajfa-10763	536	6	tate	tate	PROPN
ajfa-10763	536	7	,	,	PUNCT
ajfa-10763	536	8	g.	g.	PROPN
ajfa-10763	536	9	(	(	PUNCT
ajfa-10763	536	10	2005	2005	NUM
ajfa-10763	536	11	)	)	PUNCT
ajfa-10763	536	12	.	.	PUNCT
ajfa-10763	537	1	ceo	ceo	NOUN
ajfa-10763	537	2	overconfidence	overconfidence	NOUN
ajfa-10763	537	3	and	and	CCONJ
ajfa-10763	537	4	corporate	corporate	ADJ
ajfa-10763	537	5	investment	investment	NOUN
ajfa-10763	537	6	.	.	PUNCT
ajfa-10763	538	1	journal	journal	PROPN
ajfa-10763	538	2	of	of	ADP
ajfa-10763	538	3	finance	finance	NOUN
ajfa-10763	538	4	,	,	PUNCT
ajfa-10763	538	5	60	60	NUM
ajfa-10763	538	6	,	,	PUNCT
ajfa-10763	538	7	2660	2660	NUM
ajfa-10763	538	8	-	-	SYM
ajfa-10763	538	9	2700	2700	NUM
ajfa-10763	538	10	.	.	PUNCT
ajfa-10763	539	1	http://dx.doi.org/10.1111/j.1540-6261.2005.00813.x	http://dx.doi.org/10.1111/j.1540-6261.2005.00813.x	NOUN
ajfa-10763	539	2	malmendier	malmendier	NOUN
ajfa-10763	539	3	,	,	PUNCT
ajfa-10763	539	4	u.	u.	PROPN
ajfa-10763	539	5	,	,	PUNCT
ajfa-10763	539	6	&	&	CCONJ
ajfa-10763	539	7	tate	tate	PROPN
ajfa-10763	539	8	,	,	PUNCT
ajfa-10763	539	9	g.	g.	PROPN
ajfa-10763	539	10	(	(	PUNCT
ajfa-10763	539	11	2008	2008	NUM
ajfa-10763	539	12	)	)	PUNCT
ajfa-10763	539	13	.	.	PUNCT
ajfa-10763	540	1	who	who	PRON
ajfa-10763	540	2	makes	make	VERB
ajfa-10763	540	3	acquisitions	acquisition	NOUN
ajfa-10763	540	4	?	?	PUNCT
ajfa-10763	541	1	ceo	ceo	NOUN
ajfa-10763	541	2	overconfidence	overconfidence	NOUN
ajfa-10763	541	3	and	and	CCONJ
ajfa-10763	541	4	the	the	DET
ajfa-10763	541	5	market	market	NOUN
ajfa-10763	541	6	's	's	PART
ajfa-10763	541	7	reaction	reaction	NOUN
ajfa-10763	541	8	.	.	PUNCT
ajfa-10763	542	1	journal	journal	NOUN
ajfa-10763	542	2	of	of	ADP
ajfa-10763	542	3	financial	financial	ADJ
ajfa-10763	542	4	economics	economic	NOUN
ajfa-10763	542	5	,	,	PUNCT
ajfa-10763	542	6	89(1	89(1	NOUN
ajfa-10763	542	7	)	)	PUNCT
ajfa-10763	542	8	,	,	PUNCT
ajfa-10763	542	9	20	20	NUM
ajfa-10763	542	10	-	-	SYM
ajfa-10763	542	11	43	43	NUM
ajfa-10763	542	12	.	.	PUNCT
ajfa-10763	543	1	http://dx.doi.org/10.1016/j.jfineco.2007.07.002	http://dx.doi.org/10.1016/j.jfineco.2007.07.002	NOUN
ajfa-10763	543	2	malmendier	malmendier	NOUN
ajfa-10763	543	3	,	,	PUNCT
ajfa-10763	543	4	u.	u.	PROPN
ajfa-10763	543	5	,	,	PUNCT
ajfa-10763	543	6	tate	tate	PROPN
ajfa-10763	543	7	,	,	PUNCT
ajfa-10763	543	8	g.	g.	PROPN
ajfa-10763	543	9	,	,	PUNCT
ajfa-10763	543	10	&	&	CCONJ
ajfa-10763	543	11	yan	yan	PROPN
ajfa-10763	543	12	,	,	PUNCT
ajfa-10763	543	13	j.	j.	PROPN
ajfa-10763	543	14	(	(	PUNCT
ajfa-10763	543	15	2011	2011	NUM
ajfa-10763	543	16	)	)	PUNCT
ajfa-10763	543	17	.	.	PUNCT
ajfa-10763	544	1	overconfidence	overconfidence	NOUN
ajfa-10763	544	2	and	and	CCONJ
ajfa-10763	544	3	early	early	ADJ
ajfa-10763	544	4	life	life	NOUN
ajfa-10763	544	5	experiences	experience	NOUN
ajfa-10763	544	6	:	:	PUNCT
ajfa-10763	544	7	the	the	DET
ajfa-10763	544	8	effect	effect	NOUN
ajfa-10763	544	9	of	of	ADP
ajfa-10763	544	10	managerial	managerial	ADJ
ajfa-10763	544	11	traits	trait	NOUN
ajfa-10763	544	12	on	on	ADP
ajfa-10763	544	13	corporate	corporate	ADJ
ajfa-10763	544	14	financial	financial	ADJ
ajfa-10763	544	15	policies	policy	NOUN
ajfa-10763	544	16	.	.	PUNCT
ajfa-10763	545	1	journal	journal	PROPN
ajfa-10763	545	2	of	of	ADP
ajfa-10763	545	3	finance	finance	NOUN
ajfa-10763	545	4	,	,	PUNCT
ajfa-10763	545	5	66	66	NUM
ajfa-10763	545	6	,	,	PUNCT
ajfa-10763	545	7	1687	1687	NUM
ajfa-10763	545	8	-	-	SYM
ajfa-10763	545	9	1733	1733	NUM
ajfa-10763	545	10	.	.	PUNCT
ajfa-10763	546	1	http://dx.doi.org/10.1111/j.1540-6261.2011.01685.x	http://dx.doi.org/10.1111/j.1540-6261.2011.01685.x	ADJ
ajfa-10763	546	2	morck	morck	PROPN
ajfa-10763	546	3	,	,	PUNCT
ajfa-10763	546	4	r.	r.	PROPN
ajfa-10763	546	5	,	,	PUNCT
ajfa-10763	546	6	shleifer	shleifer	PROPN
ajfa-10763	546	7	,	,	PUNCT
ajfa-10763	546	8	a.	a.	PROPN
ajfa-10763	546	9	,	,	PUNCT
ajfa-10763	546	10	&	&	CCONJ
ajfa-10763	546	11	vishny	vishny	PROPN
ajfa-10763	546	12	,	,	PUNCT
ajfa-10763	546	13	r.	r.	PROPN
ajfa-10763	546	14	w.	w.	PROPN
ajfa-10763	546	15	(	(	PUNCT
ajfa-10763	546	16	1988	1988	NUM
ajfa-10763	546	17	)	)	PUNCT
ajfa-10763	546	18	.	.	PUNCT
ajfa-10763	547	1	management	management	NOUN
ajfa-10763	547	2	ownership	ownership	NOUN
ajfa-10763	547	3	and	and	CCONJ
ajfa-10763	547	4	market	market	NOUN
ajfa-10763	547	5	valuation	valuation	NOUN
ajfa-10763	547	6	:	:	PUNCT
ajfa-10763	547	7	an	an	DET
ajfa-10763	547	8	empirical	empirical	ADJ
ajfa-10763	547	9	analysis	analysis	NOUN
ajfa-10763	547	10	.	.	PUNCT
ajfa-10763	548	1	journal	journal	NOUN
ajfa-10763	548	2	of	of	ADP
ajfa-10763	548	3	financial	financial	ADJ
ajfa-10763	548	4	economics	economic	NOUN
ajfa-10763	548	5	,	,	PUNCT
ajfa-10763	548	6	20	20	NUM
ajfa-10763	548	7	,	,	PUNCT
ajfa-10763	548	8	293	293	NUM
ajfa-10763	548	9	-	-	SYM
ajfa-10763	548	10	315	315	NUM
ajfa-10763	548	11	.	.	PUNCT
ajfa-10763	549	1	http://dx.doi.org/10.1016/0304-405x(88)90048-7	http://dx.doi.org/10.1016/0304-405x(88)90048-7	PROPN
ajfa-10763	549	2	moyer	moyer	PROPN
ajfa-10763	549	3	,	,	PUNCT
ajfa-10763	549	4	s.	s.	PROPN
ajfa-10763	549	5	(	(	PUNCT
ajfa-10763	549	6	1990	1990	NUM
ajfa-10763	549	7	)	)	PUNCT
ajfa-10763	549	8	.	.	PUNCT
ajfa-10763	550	1	capital	capital	NOUN
ajfa-10763	550	2	adequacy	adequacy	PROPN
ajfa-10763	550	3	ratio	ratio	NOUN
ajfa-10763	550	4	regulations	regulation	NOUN
ajfa-10763	550	5	and	and	CCONJ
ajfa-10763	550	6	accounting	accounting	NOUN
ajfa-10763	550	7	choices	choice	NOUN
ajfa-10763	550	8	in	in	ADP
ajfa-10763	550	9	commercial	commercial	ADJ
ajfa-10763	550	10	banks	bank	NOUN
ajfa-10763	550	11	.	.	PUNCT
ajfa-10763	551	1	journal	journal	NOUN
ajfa-10763	551	2	of	of	ADP
ajfa-10763	551	3	accounting	accounting	NOUN
ajfa-10763	551	4	and	and	CCONJ
ajfa-10763	551	5	economics	economic	NOUN
ajfa-10763	551	6	(	(	PUNCT
ajfa-10763	551	7	july	july	PROPN
ajfa-10763	551	8	)	)	PUNCT
ajfa-10763	551	9	,	,	PUNCT
ajfa-10763	551	10	123	123	NUM
ajfa-10763	551	11	-	-	SYM
ajfa-10763	551	12	154	154	NUM
ajfa-10763	551	13	.	.	PUNCT
ajfa-10763	552	1	http://dx.doi.org/10.1016/0165-4101(90)90027-2	http://dx.doi.org/10.1016/0165-4101(90)90027-2	NOUN
ajfa-10763	552	2	osma	osma	PROPN
ajfa-10763	552	3	,	,	PUNCT
ajfa-10763	552	4	b.	b.	PROPN
ajfa-10763	552	5	g.	g.	PROPN
ajfa-10763	552	6	(	(	PUNCT
ajfa-10763	552	7	2008	2008	NUM
ajfa-10763	552	8	)	)	PUNCT
ajfa-10763	552	9	.	.	PUNCT
ajfa-10763	553	1	board	board	NOUN
ajfa-10763	553	2	independence	independence	NOUN
ajfa-10763	553	3	and	and	CCONJ
ajfa-10763	553	4	real	real	ADJ
ajfa-10763	553	5	earnings	earning	NOUN
ajfa-10763	553	6	management	management	NOUN
ajfa-10763	553	7	:	:	PUNCT
ajfa-10763	553	8	the	the	DET
ajfa-10763	553	9	case	case	NOUN
ajfa-10763	553	10	of	of	ADP
ajfa-10763	553	11	r&d	r&d	NOUN
ajfa-10763	553	12	expenditure	expenditure	NOUN
ajfa-10763	553	13	.	.	PUNCT
ajfa-10763	554	1	corporate	corporate	ADJ
ajfa-10763	554	2	governance	governance	NOUN
ajfa-10763	554	3	,	,	PUNCT
ajfa-10763	554	4	16(2	16(2	NUM
ajfa-10763	554	5	)	)	PUNCT
ajfa-10763	554	6	,	,	PUNCT
ajfa-10763	554	7	116	116	NUM
ajfa-10763	554	8	-	-	SYM
ajfa-10763	554	9	131	131	NUM
ajfa-10763	554	10	.	.	PUNCT
ajfa-10763	555	1	http://dx.doi.org/10.1111/j.1467-8683.2008.00672.x	http://dx.doi.org/10.1111/j.1467-8683.2008.00672.x	PROPN
ajfa-10763	555	2	riedl	riedl	PROPN
ajfa-10763	555	3	,	,	PUNCT
ajfa-10763	555	4	e.	e.	PROPN
ajfa-10763	555	5	,	,	PUNCT
ajfa-10763	555	6	&	&	CCONJ
ajfa-10763	555	7	serafeim	serafeim	PROPN
ajfa-10763	555	8	,	,	PUNCT
ajfa-10763	555	9	g.	g.	PROPN
ajfa-10763	555	10	(	(	PUNCT
ajfa-10763	555	11	2011	2011	NUM
ajfa-10763	555	12	)	)	PUNCT
ajfa-10763	555	13	.	.	PUNCT
ajfa-10763	556	1	information	information	NOUN
ajfa-10763	556	2	risk	risk	NOUN
ajfa-10763	556	3	and	and	CCONJ
ajfa-10763	556	4	fair	fair	ADJ
ajfa-10763	556	5	values	value	NOUN
ajfa-10763	556	6	:	:	PUNCT
ajfa-10763	556	7	an	an	DET
ajfa-10763	556	8	examination	examination	NOUN
ajfa-10763	556	9	of	of	ADP
ajfa-10763	556	10	equity	equity	NOUN
ajfa-10763	556	11	betas	beta	NOUN
ajfa-10763	556	12	.	.	PUNCT
ajfa-10763	557	1	journal	journal	NOUN
ajfa-10763	557	2	of	of	ADP
ajfa-10763	557	3	accounting	accounting	NOUN
ajfa-10763	557	4	research	research	NOUN
ajfa-10763	557	5	,	,	PUNCT
ajfa-10763	557	6	49(4	49(4	NOUN
ajfa-10763	557	7	)	)	PUNCT
ajfa-10763	557	8	,	,	PUNCT
ajfa-10763	557	9	1083	1083	NUM
ajfa-10763	557	10	-	-	SYM
ajfa-10763	557	11	1122	1122	NUM
ajfa-10763	557	12	.	.	PUNCT
ajfa-10763	558	1	http://dx.doi.org/10.1111/j.1475-679x.2011.00408.x	http://dx.doi.org/10.1111/j.1475-679x.2011.00408.x	ADJ
ajfa-10763	558	2	schrand	schrand	NOUN
ajfa-10763	558	3	,	,	PUNCT
ajfa-10763	558	4	c.	c.	PROPN
ajfa-10763	558	5	m.	m.	PROPN
ajfa-10763	558	6	,	,	PUNCT
ajfa-10763	558	7	&	&	CCONJ
ajfa-10763	558	8	zechman	zechman	PROPN
ajfa-10763	558	9	,	,	PUNCT
ajfa-10763	558	10	s.	s.	PROPN
ajfa-10763	558	11	l.	l.	PROPN
ajfa-10763	558	12	(	(	PUNCT
ajfa-10763	558	13	2012	2012	NUM
ajfa-10763	558	14	)	)	PUNCT
ajfa-10763	558	15	.	.	PUNCT
ajfa-10763	559	1	executive	executive	ADJ
ajfa-10763	559	2	overconfidence	overconfidence	NOUN
ajfa-10763	559	3	and	and	CCONJ
ajfa-10763	559	4	the	the	DET
ajfa-10763	559	5	slippery	slippery	ADJ
ajfa-10763	559	6	slope	slope	NOUN
ajfa-10763	559	7	to	to	ADP
ajfa-10763	559	8	financial	financial	ADJ
ajfa-10763	559	9	misreporting	misreporting	NOUN
ajfa-10763	559	10	.	.	PUNCT
ajfa-10763	560	1	journal	journal	NOUN
ajfa-10763	560	2	of	of	ADP
ajfa-10763	560	3	accounting	accounting	NOUN
ajfa-10763	560	4	and	and	CCONJ
ajfa-10763	560	5	economics	economic	NOUN
ajfa-10763	560	6	,	,	PUNCT
ajfa-10763	560	7	53	53	NUM
ajfa-10763	560	8	,	,	PUNCT
ajfa-10763	560	9	311	311	NUM
ajfa-10763	560	10	-	-	SYM
ajfa-10763	560	11	329	329	NUM
ajfa-10763	560	12	.	.	PUNCT
ajfa-10763	561	1	http://dx.doi.org/10.1016/j.jacceco.2011.09.001	http://dx.doi.org/10.1016/j.jacceco.2011.09.001	PROPN
ajfa-10763	561	2	song	song	NOUN
ajfa-10763	561	3	,	,	PUNCT
ajfa-10763	561	4	c.	c.	PROPN
ajfa-10763	561	5	,	,	PUNCT
ajfa-10763	561	6	thomas	thomas	PROPN
ajfa-10763	561	7	,	,	PUNCT
ajfa-10763	561	8	w.	w.	PROPN
ajfa-10763	561	9	,	,	PUNCT
ajfa-10763	561	10	&	&	CCONJ
ajfa-10763	561	11	yi	yi	PROPN
ajfa-10763	561	12	,	,	PUNCT
ajfa-10763	561	13	h.	h.	PROPN
ajfa-10763	561	14	(	(	PUNCT
ajfa-10763	561	15	2010	2010	NUM
ajfa-10763	561	16	)	)	PUNCT
ajfa-10763	561	17	.	.	PUNCT
ajfa-10763	562	1	value	value	NOUN
ajfa-10763	562	2	relevance	relevance	NOUN
ajfa-10763	562	3	of	of	ADP
ajfa-10763	562	4	fas	fas	PROPN
ajfa-10763	562	5	no	no	NOUN
ajfa-10763	562	6	.	.	PROPN
ajfa-10763	563	1	157	157	NUM
ajfa-10763	563	2	fair	fair	ADJ
ajfa-10763	563	3	value	value	NOUN
ajfa-10763	563	4	hierarchy	hierarchy	NOUN
ajfa-10763	563	5	information	information	NOUN
ajfa-10763	563	6	and	and	CCONJ
ajfa-10763	563	7	the	the	DET
ajfa-10763	563	8	impact	impact	NOUN
ajfa-10763	563	9	of	of	ADP
ajfa-10763	563	10	corporate	corporate	ADJ
ajfa-10763	563	11	governance	governance	NOUN
ajfa-10763	563	12	mechanisms	mechanism	NOUN
ajfa-10763	563	13	.	.	PUNCT
ajfa-10763	564	1	the	the	DET
ajfa-10763	564	2	accounting	accounting	NOUN
ajfa-10763	564	3	review	review	NOUN
ajfa-10763	564	4	,	,	PUNCT
ajfa-10763	564	5	85(4	85(4	NUM
ajfa-10763	564	6	)	)	PUNCT
ajfa-10763	564	7	,	,	PUNCT
ajfa-10763	564	8	1375	1375	NUM
ajfa-10763	564	9	-	-	SYM
ajfa-10763	564	10	1410	1410	NUM
ajfa-10763	564	11	.	.	PUNCT
ajfa-10763	565	1	http://dx.doi.org/10.2308/accr.2010.85.4.1375	http://dx.doi.org/10.2308/accr.2010.85.4.1375	PROPN
ajfa-10763	565	2	valencia	valencia	PROPN
ajfa-10763	565	3	,	,	PUNCT
ajfa-10763	565	4	a.	a.	NOUN
ajfa-10763	565	5	(	(	PUNCT
ajfa-10763	565	6	2011	2011	NUM
ajfa-10763	565	7	)	)	PUNCT
ajfa-10763	565	8	.	.	PUNCT
ajfa-10763	566	1	opportunistic	opportunistic	ADJ
ajfa-10763	566	2	behavior	behavior	NOUN
ajfa-10763	566	3	using	use	VERB
ajfa-10763	566	4	level	level	NOUN
ajfa-10763	566	5	3	3	NUM
ajfa-10763	566	6	fair	fair	ADJ
ajfa-10763	566	7	-	-	PUNCT
ajfa-10763	566	8	values	value	NOUN
ajfa-10763	566	9	under	under	ADP
ajfa-10763	566	10	sfas	sfas	NOUN
ajfa-10763	566	11	157	157	NUM
ajfa-10763	566	12	.	.	PUNCT
ajfa-10763	567	1	unpublished	unpublished	ADJ
ajfa-10763	567	2	doctoral	doctoral	ADJ
ajfa-10763	567	3	dissertation	dissertation	NOUN
ajfa-10763	567	4	,	,	PUNCT
ajfa-10763	567	5	the	the	DET
ajfa-10763	567	6	florida	florida	PROPN
ajfa-10763	567	7	state	state	PROPN
ajfa-10763	567	8	university	university	PROPN
ajfa-10763	567	9	.	.	PUNCT
ajfa-10763	568	1	visvanathan	visvanathan	PROPN
ajfa-10763	568	2	,	,	PUNCT
ajfa-10763	568	3	g.	g.	PROPN
ajfa-10763	568	4	(	(	PUNCT
ajfa-10763	568	5	2008	2008	NUM
ajfa-10763	568	6	)	)	PUNCT
ajfa-10763	568	7	.	.	PUNCT
ajfa-10763	569	1	corporate	corporate	ADJ
ajfa-10763	569	2	governance	governance	NOUN
ajfa-10763	569	3	and	and	CCONJ
ajfa-10763	569	4	real	real	ADJ
ajfa-10763	569	5	earnings	earning	NOUN
ajfa-10763	569	6	management	management	NOUN
ajfa-10763	569	7	.	.	PUNCT
ajfa-10763	570	1	academy	academy	NOUN
ajfa-10763	570	2	of	of	ADP
ajfa-10763	570	3	accounting	accounting	PROPN
ajfa-10763	570	4	and	and	CCONJ
ajfa-10763	570	5	financial	financial	ADJ
ajfa-10763	570	6	studies	study	NOUN
ajfa-10763	570	7	journal	journal	NOUN
ajfa-10763	570	8	,	,	PUNCT
ajfa-10763	570	9	12(1	12(1	NUM
ajfa-10763	570	10	)	)	PUNCT
ajfa-10763	570	11	,	,	PUNCT
ajfa-10763	570	12	9	9	NUM
ajfa-10763	570	13	-	-	SYM
ajfa-10763	570	14	22	22	NUM
ajfa-10763	570	15	.	.	PUNCT
ajfa-10763	571	1	wong	wong	PROPN
ajfa-10763	571	2	,	,	PUNCT
ajfa-10763	571	3	w.	w.	PROPN
ajfa-10763	571	4	(	(	PUNCT
ajfa-10763	571	5	2008	2008	NUM
ajfa-10763	571	6	)	)	PUNCT
ajfa-10763	571	7	.	.	PUNCT
ajfa-10763	572	1	how	how	SCONJ
ajfa-10763	572	2	much	much	ADJ
ajfa-10763	572	3	time	time	NOUN
ajfa-10763	572	4	-	-	PUNCT
ajfa-10763	572	5	inconsistency	inconsistency	NOUN
ajfa-10763	572	6	is	be	AUX
ajfa-10763	572	7	there	there	ADV
ajfa-10763	572	8	and	and	CCONJ
ajfa-10763	572	9	does	do	AUX
ajfa-10763	572	10	it	it	PRON
ajfa-10763	572	11	matter	matter	VERB
ajfa-10763	572	12	?	?	PUNCT
ajfa-10763	573	1	evidence	evidence	NOUN
ajfa-10763	573	2	on	on	ADP
ajfa-10763	573	3	self	self	NOUN
ajfa-10763	573	4	-	-	PUNCT
ajfa-10763	573	5	awareness	awareness	NOUN
ajfa-10763	573	6	,	,	PUNCT
ajfa-10763	573	7	size	size	NOUN
ajfa-10763	573	8	,	,	PUNCT
ajfa-10763	573	9	and	and	CCONJ
ajfa-10763	573	10	effects	effect	NOUN
ajfa-10763	573	11	.	.	PUNCT
ajfa-10763	574	1	journal	journal	NOUN
ajfa-10763	574	2	of	of	ADP
ajfa-10763	574	3	economic	economic	ADJ
ajfa-10763	574	4	behavior	behavior	NOUN
ajfa-10763	574	5	&	&	CCONJ
ajfa-10763	574	6	organization	organization	PROPN
ajfa-10763	574	7	,	,	PUNCT
ajfa-10763	574	8	68(3	68(3	NOUN
ajfa-10763	574	9	-	-	PUNCT
ajfa-10763	574	10	4	4	NUM
ajfa-10763	574	11	)	)	PUNCT
ajfa-10763	574	12	,	,	PUNCT
ajfa-10763	574	13	645	645	NUM
ajfa-10763	574	14	-	-	SYM
ajfa-10763	574	15	656	656	NUM
ajfa-10763	574	16	.	.	PUNCT
ajfa-10763	575	1	http://dx.doi.org/10.1016/j.jebo.2008.09.005	http://dx.doi.org/10.1016/j.jebo.2008.09.005	PROPN
ajfa-10763	575	2	asian	asian	PROPN
ajfa-10763	575	3	journal	journal	PROPN
ajfa-10763	575	4	of	of	ADP
ajfa-10763	575	5	finance	finance	PROPN
ajfa-10763	575	6	&	&	CCONJ
ajfa-10763	575	7	accounting	accounting	PROPN
ajfa-10763	575	8	issn	issn	PROPN
ajfa-10763	575	9	1946	1946	NUM
ajfa-10763	575	10	-	-	PUNCT
ajfa-10763	575	11	052x	052x	PROPN
ajfa-10763	575	12	2017	2017	NUM
ajfa-10763	575	13	,	,	PUNCT
ajfa-10763	575	14	vol	vol	NOUN
ajfa-10763	575	15	.	.	NOUN
ajfa-10763	575	16	9	9	NUM
ajfa-10763	575	17	,	,	PUNCT
ajfa-10763	575	18	no	no	INTJ
ajfa-10763	575	19	.	.	NOUN
ajfa-10763	575	20	1	1	NUM
ajfa-10763	575	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10763	575	22	154	154	NUM
ajfa-10763	575	23	yermack	yermack	NOUN
ajfa-10763	575	24	,	,	PUNCT
ajfa-10763	575	25	d.	d.	PROPN
ajfa-10763	575	26	(	(	PUNCT
ajfa-10763	575	27	1996	1996	NUM
ajfa-10763	575	28	)	)	PUNCT
ajfa-10763	575	29	.	.	PUNCT
ajfa-10763	576	1	higher	high	ADJ
ajfa-10763	576	2	valuation	valuation	NOUN
ajfa-10763	576	3	of	of	ADP
ajfa-10763	576	4	companies	company	NOUN
ajfa-10763	576	5	with	with	ADP
ajfa-10763	576	6	a	a	DET
ajfa-10763	576	7	small	small	ADJ
ajfa-10763	576	8	board	board	NOUN
ajfa-10763	576	9	of	of	ADP
ajfa-10763	576	10	directors	director	NOUN
ajfa-10763	576	11	.	.	PUNCT
ajfa-10763	577	1	journal	journal	NOUN
ajfa-10763	577	2	of	of	ADP
ajfa-10763	577	3	financial	financial	ADJ
ajfa-10763	577	4	economics	economic	NOUN
ajfa-10763	577	5	,	,	PUNCT
ajfa-10763	577	6	40(2	40(2	NUM
ajfa-10763	577	7	)	)	PUNCT
ajfa-10763	577	8	,	,	PUNCT
ajfa-10763	577	9	185	185	NUM
ajfa-10763	577	10	-	-	SYM
ajfa-10763	577	11	212	212	NUM
ajfa-10763	577	12	.	.	PUNCT
ajfa-10763	578	1	http://dx.doi.org/10.1016/0304-405x(95)00844-5	http://dx.doi.org/10.1016/0304-405x(95)00844-5	PROPN