id	sid	tid	token	lemma	pos
ajfa-10871	1	1	microsoft	microsoft	PROPN
ajfa-10871	1	2	word	word	NOUN
ajfa-10871	1	3	10871	10871	NUM
ajfa-10871	1	4	-	-	SYM
ajfa-10871	1	5	40081	40081	NUM
ajfa-10871	1	6	-	-	PUNCT
ajfa-10871	1	7	1	1	NUM
ajfa-10871	1	8	-	-	PUNCT
ajfa-10871	1	9	sm	sm	NOUN
ajfa-10871	1	10	-	-	ADJ
ajfa-10871	1	11	new	new	ADJ
ajfa-10871	1	12	asian	asian	ADJ
ajfa-10871	1	13	journal	journal	NOUN
ajfa-10871	1	14	of	of	ADP
ajfa-10871	1	15	finance	finance	PROPN
ajfa-10871	1	16	&	&	CCONJ
ajfa-10871	1	17	accounting	accounting	PROPN
ajfa-10871	1	18	issn	issn	PROPN
ajfa-10871	1	19	1946	1946	NUM
ajfa-10871	1	20	-	-	PUNCT
ajfa-10871	1	21	052x	052x	PROPN
ajfa-10871	1	22	2017	2017	NUM
ajfa-10871	1	23	,	,	PUNCT
ajfa-10871	1	24	vol	vol	NOUN
ajfa-10871	1	25	.	.	NOUN
ajfa-10871	1	26	9	9	NUM
ajfa-10871	1	27	,	,	PUNCT
ajfa-10871	1	28	no	no	INTJ
ajfa-10871	1	29	.	.	NOUN
ajfa-10871	1	30	1	1	NUM
ajfa-10871	1	31	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	1	32	166	166	NUM
ajfa-10871	1	33	stock	stock	NOUN
ajfa-10871	1	34	market	market	NOUN
ajfa-10871	1	35	investors	investor	NOUN
ajfa-10871	1	36	’	'	PUNCT
ajfa-10871	1	37	guide	guide	NOUN
ajfa-10871	1	38	to	to	ADP
ajfa-10871	1	39	corporate	corporate	ADJ
ajfa-10871	1	40	dividend	dividend	NOUN
ajfa-10871	1	41	policy	policy	NOUN
ajfa-10871	1	42	:	:	PUNCT
ajfa-10871	1	43	evidence	evidence	NOUN
ajfa-10871	1	44	from	from	ADP
ajfa-10871	1	45	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	1	46	and	and	CCONJ
ajfa-10871	1	47	chemicals	chemical	NOUN
ajfa-10871	1	48	industries	industry	NOUN
ajfa-10871	1	49	in	in	ADP
ajfa-10871	1	50	bangladesh	bangladesh	NOUN
ajfa-10871	1	51	tanbir	tanbir	NOUN
ajfa-10871	1	52	ahmed	ahmed	PROPN
ajfa-10871	1	53	chowdhury	chowdhury	PROPN
ajfa-10871	1	54	dept	dept	PROPN
ajfa-10871	1	55	.	.	PROPN
ajfa-10871	1	56	of	of	ADP
ajfa-10871	1	57	business	business	PROPN
ajfa-10871	1	58	administration	administration	PROPN
ajfa-10871	1	59	,	,	PUNCT
ajfa-10871	1	60	east	east	PROPN
ajfa-10871	1	61	west	west	PROPN
ajfa-10871	1	62	university	university	PROPN
ajfa-10871	1	63	a/2	a/2	NOUN
ajfa-10871	1	64	,	,	PUNCT
ajfa-10871	1	65	jahurul	jahurul	NOUN
ajfa-10871	1	66	islam	islam	PROPN
ajfa-10871	1	67	city	city	PROPN
ajfa-10871	1	68	gate	gate	PROPN
ajfa-10871	1	69	,	,	PUNCT
ajfa-10871	1	70	aftab	aftab	PROPN
ajfa-10871	1	71	nagar	nagar	PROPN
ajfa-10871	1	72	main	main	PROPN
ajfa-10871	1	73	rd	rd	PROPN
ajfa-10871	1	74	,	,	PUNCT
ajfa-10871	1	75	dhaka-1212	dhaka-1212	ADJ
ajfa-10871	1	76	,	,	PUNCT
ajfa-10871	1	77	bangladesh	bangladesh	NOUN
ajfa-10871	1	78	tel	tel	NOUN
ajfa-10871	1	79	:	:	PUNCT
ajfa-10871	1	80	88	88	NUM
ajfa-10871	1	81	-	-	PUNCT
ajfa-10871	1	82	017	017	NUM
ajfa-10871	1	83	-	-	PUNCT
ajfa-10871	1	84	4842	4842	NUM
ajfa-10871	1	85	-	-	SYM
ajfa-10871	1	86	7741	7741	NUM
ajfa-10871	1	87	e	e	NOUN
ajfa-10871	1	88	-	-	NOUN
ajfa-10871	1	89	mail	mail	NOUN
ajfa-10871	1	90	:	:	PUNCT
ajfa-10871	1	91	tanbir@ewubd.edu	tanbir@ewubd.edu	PROPN
ajfa-10871	1	92	jannatunnesa	jannatunnesa	PROPN
ajfa-10871	1	93	(	(	PUNCT
ajfa-10871	1	94	corresponding	corresponding	ADJ
ajfa-10871	1	95	author	author	NOUN
ajfa-10871	1	96	)	)	PUNCT
ajfa-10871	1	97	dept	dept	NOUN
ajfa-10871	1	98	.	.	PROPN
ajfa-10871	1	99	of	of	ADP
ajfa-10871	1	100	business	business	PROPN
ajfa-10871	1	101	administration	administration	PROPN
ajfa-10871	1	102	,	,	PUNCT
ajfa-10871	1	103	east	east	PROPN
ajfa-10871	1	104	west	west	PROPN
ajfa-10871	1	105	university	university	PROPN
ajfa-10871	1	106	a/2	a/2	NOUN
ajfa-10871	1	107	,	,	PUNCT
ajfa-10871	1	108	jahurul	jahurul	NOUN
ajfa-10871	1	109	islam	islam	PROPN
ajfa-10871	1	110	city	city	PROPN
ajfa-10871	1	111	gate	gate	PROPN
ajfa-10871	1	112	,	,	PUNCT
ajfa-10871	1	113	aftab	aftab	PROPN
ajfa-10871	1	114	nagar	nagar	PROPN
ajfa-10871	1	115	main	main	PROPN
ajfa-10871	1	116	rd	rd	PROPN
ajfa-10871	1	117	,	,	PUNCT
ajfa-10871	1	118	dhaka-1212	dhaka-1212	ADJ
ajfa-10871	1	119	,	,	PUNCT
ajfa-10871	1	120	bangladesh	bangladesh	NOUN
ajfa-10871	1	121	tel	tel	NOUN
ajfa-10871	1	122	:	:	PUNCT
ajfa-10871	1	123	88	88	NUM
ajfa-10871	1	124	-	-	PUNCT
ajfa-10871	1	125	017	017	NUM
ajfa-10871	1	126	-	-	PUNCT
ajfa-10871	1	127	1110	1110	NUM
ajfa-10871	1	128	-	-	PUNCT
ajfa-10871	1	129	7944	7944	NUM
ajfa-10871	1	130	e	e	NOUN
ajfa-10871	1	131	-	-	NOUN
ajfa-10871	1	132	mail	mail	NOUN
ajfa-10871	1	133	:	:	PUNCT
ajfa-10871	1	134	moniducbl68@yahoo.com	moniducbl68@yahoo.com	X
ajfa-10871	1	135	received	receive	VERB
ajfa-10871	1	136	:	:	PUNCT
ajfa-10871	1	137	march	march	PROPN
ajfa-10871	1	138	2	2	NUM
ajfa-10871	1	139	,	,	PUNCT
ajfa-10871	1	140	2017	2017	NUM
ajfa-10871	1	141	accepted	accept	VERB
ajfa-10871	1	142	:	:	PUNCT
ajfa-10871	1	143	march	march	PROPN
ajfa-10871	1	144	25	25	NUM
ajfa-10871	1	145	,	,	PUNCT
ajfa-10871	1	146	2017	2017	NUM
ajfa-10871	1	147	published	publish	VERB
ajfa-10871	1	148	:	:	PUNCT
ajfa-10871	1	149	june	june	PROPN
ajfa-10871	1	150	1	1	NUM
ajfa-10871	1	151	,	,	PUNCT
ajfa-10871	1	152	2017	2017	NUM
ajfa-10871	1	153	doi:10.5296	doi:10.5296	NOUN
ajfa-10871	1	154	/	/	SYM
ajfa-10871	1	155	ajfa.v9i1.10871	ajfa.v9i1.10871	SYM
ajfa-10871	1	156	url	url	PROPN
ajfa-10871	1	157	:	:	PUNCT
ajfa-10871	1	158	https://doi.org/10.5296/ajfa.v9i1.10871	https://doi.org/10.5296/ajfa.v9i1.10871	PROPN
ajfa-10871	1	159	abstract	abstract	ADJ
ajfa-10871	1	160	dividend	dividend	NOUN
ajfa-10871	1	161	policy	policy	NOUN
ajfa-10871	1	162	has	have	AUX
ajfa-10871	1	163	been	be	AUX
ajfa-10871	1	164	an	an	DET
ajfa-10871	1	165	important	important	ADJ
ajfa-10871	1	166	component	component	NOUN
ajfa-10871	1	167	in	in	ADP
ajfa-10871	1	168	the	the	DET
ajfa-10871	1	169	arena	arena	NOUN
ajfa-10871	1	170	of	of	ADP
ajfa-10871	1	171	financial	financial	ADJ
ajfa-10871	1	172	literature	literature	NOUN
ajfa-10871	1	173	and	and	CCONJ
ajfa-10871	1	174	providing	provide	VERB
ajfa-10871	1	175	evidence	evidence	NOUN
ajfa-10871	1	176	that	that	PRON
ajfa-10871	1	177	dividend	dividend	NOUN
ajfa-10871	1	178	payout	payout	NOUN
ajfa-10871	1	179	decisions	decision	NOUN
ajfa-10871	1	180	are	be	AUX
ajfa-10871	1	181	affected	affect	VERB
ajfa-10871	1	182	by	by	ADP
ajfa-10871	1	183	various	various	ADJ
ajfa-10871	1	184	factors	factor	NOUN
ajfa-10871	1	185	.	.	PUNCT
ajfa-10871	2	1	numerous	numerous	ADJ
ajfa-10871	2	2	studies	study	NOUN
ajfa-10871	2	3	have	have	AUX
ajfa-10871	2	4	been	be	AUX
ajfa-10871	2	5	conducted	conduct	VERB
ajfa-10871	2	6	so	so	ADV
ajfa-10871	2	7	far	far	ADV
ajfa-10871	2	8	on	on	ADP
ajfa-10871	2	9	corporate	corporate	ADJ
ajfa-10871	2	10	dividend	dividend	NOUN
ajfa-10871	2	11	policy	policy	NOUN
ajfa-10871	2	12	in	in	ADP
ajfa-10871	2	13	bangladesh	bangladesh	NOUN
ajfa-10871	2	14	.	.	PUNCT
ajfa-10871	3	1	the	the	DET
ajfa-10871	3	2	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	3	3	and	and	CCONJ
ajfa-10871	3	4	chemicals	chemical	NOUN
ajfa-10871	3	5	industries	industry	NOUN
ajfa-10871	3	6	of	of	ADP
ajfa-10871	3	7	bangladesh	bangladesh	NOUN
ajfa-10871	3	8	offer	offer	VERB
ajfa-10871	3	9	a	a	DET
ajfa-10871	3	10	lot	lot	NOUN
ajfa-10871	3	11	of	of	ADP
ajfa-10871	3	12	investment	investment	NOUN
ajfa-10871	3	13	panorama	panorama	NOUN
ajfa-10871	3	14	for	for	ADP
ajfa-10871	3	15	the	the	DET
ajfa-10871	3	16	retail	retail	ADJ
ajfa-10871	3	17	investors	investor	NOUN
ajfa-10871	3	18	.	.	PUNCT
ajfa-10871	4	1	this	this	DET
ajfa-10871	4	2	research	research	NOUN
ajfa-10871	4	3	has	have	AUX
ajfa-10871	4	4	been	be	AUX
ajfa-10871	4	5	an	an	DET
ajfa-10871	4	6	endeavor	endeavor	NOUN
ajfa-10871	4	7	to	to	PART
ajfa-10871	4	8	determine	determine	VERB
ajfa-10871	4	9	the	the	DET
ajfa-10871	4	10	factors	factor	NOUN
ajfa-10871	4	11	affecting	affect	VERB
ajfa-10871	4	12	the	the	DET
ajfa-10871	4	13	dividend	dividend	NOUN
ajfa-10871	4	14	policy	policy	NOUN
ajfa-10871	4	15	of	of	ADP
ajfa-10871	4	16	these	these	DET
ajfa-10871	4	17	promising	promising	ADJ
ajfa-10871	4	18	industries	industry	NOUN
ajfa-10871	4	19	,	,	PUNCT
ajfa-10871	4	20	and	and	CCONJ
ajfa-10871	4	21	guide	guide	VERB
ajfa-10871	4	22	the	the	DET
ajfa-10871	4	23	investment	investment	NOUN
ajfa-10871	4	24	decisions	decision	NOUN
ajfa-10871	4	25	of	of	ADP
ajfa-10871	4	26	the	the	DET
ajfa-10871	4	27	equity	equity	NOUN
ajfa-10871	4	28	investors	investor	NOUN
ajfa-10871	4	29	.	.	PUNCT
ajfa-10871	5	1	in	in	ADP
ajfa-10871	5	2	this	this	DET
ajfa-10871	5	3	attempt	attempt	NOUN
ajfa-10871	5	4	,	,	PUNCT
ajfa-10871	5	5	this	this	DET
ajfa-10871	5	6	study	study	NOUN
ajfa-10871	5	7	is	be	AUX
ajfa-10871	5	8	also	also	ADV
ajfa-10871	5	9	a	a	DET
ajfa-10871	5	10	unique	unique	ADJ
ajfa-10871	5	11	one	one	NOUN
ajfa-10871	5	12	to	to	PART
ajfa-10871	5	13	incorporate	incorporate	VERB
ajfa-10871	5	14	the	the	DET
ajfa-10871	5	15	chemicals	chemical	NOUN
ajfa-10871	5	16	industry	industry	NOUN
ajfa-10871	5	17	along	along	ADP
ajfa-10871	5	18	with	with	ADP
ajfa-10871	5	19	the	the	DET
ajfa-10871	5	20	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	5	21	industry	industry	NOUN
ajfa-10871	5	22	as	as	SCONJ
ajfa-10871	5	23	both	both	CCONJ
ajfa-10871	5	24	the	the	DET
ajfa-10871	5	25	industries	industry	NOUN
ajfa-10871	5	26	constitute	constitute	VERB
ajfa-10871	5	27	the	the	DET
ajfa-10871	5	28	'	'	PUNCT
ajfa-10871	5	29	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	5	30	and	and	CCONJ
ajfa-10871	5	31	chemicals	chemical	NOUN
ajfa-10871	5	32	sector	sector	NOUN
ajfa-10871	5	33	'	'	PUNCT
ajfa-10871	5	34	listed	list	VERB
ajfa-10871	5	35	in	in	ADP
ajfa-10871	5	36	the	the	DET
ajfa-10871	5	37	stock	stock	NOUN
ajfa-10871	5	38	market	market	NOUN
ajfa-10871	5	39	of	of	ADP
ajfa-10871	5	40	bangladesh	bangladesh	NOUN
ajfa-10871	5	41	.	.	PUNCT
ajfa-10871	6	1	the	the	DET
ajfa-10871	6	2	study	study	NOUN
ajfa-10871	6	3	is	be	AUX
ajfa-10871	6	4	a	a	DET
ajfa-10871	6	5	quantitative	quantitative	ADJ
ajfa-10871	6	6	one	one	NUM
ajfa-10871	6	7	based	base	VERB
ajfa-10871	6	8	on	on	ADP
ajfa-10871	6	9	secondary	secondary	ADJ
ajfa-10871	6	10	data	datum	NOUN
ajfa-10871	6	11	.	.	PUNCT
ajfa-10871	7	1	it	it	PRON
ajfa-10871	7	2	comprises	comprise	VERB
ajfa-10871	7	3	of	of	ADP
ajfa-10871	7	4	different	different	ADJ
ajfa-10871	7	5	statistical	statistical	ADJ
ajfa-10871	7	6	analyses	analysis	NOUN
ajfa-10871	7	7	such	such	ADJ
ajfa-10871	7	8	as	as	ADP
ajfa-10871	7	9	descriptive	descriptive	ADJ
ajfa-10871	7	10	statistics	statistic	NOUN
ajfa-10871	7	11	,	,	PUNCT
ajfa-10871	7	12	correlation	correlation	NOUN
ajfa-10871	7	13	matrix	matrix	NOUN
ajfa-10871	7	14	and	and	CCONJ
ajfa-10871	7	15	multiple	multiple	ADJ
ajfa-10871	7	16	linear	linear	ADJ
ajfa-10871	7	17	regression	regression	NOUN
ajfa-10871	7	18	analysis	analysis	NOUN
ajfa-10871	7	19	,	,	PUNCT
ajfa-10871	7	20	etc	etc	X
ajfa-10871	7	21	.	.	X
ajfa-10871	7	22	firm	firm	ADJ
ajfa-10871	7	23	size	size	NOUN
ajfa-10871	7	24	,	,	PUNCT
ajfa-10871	7	25	growth	growth	NOUN
ajfa-10871	7	26	,	,	PUNCT
ajfa-10871	7	27	liquidity	liquidity	NOUN
ajfa-10871	7	28	,	,	PUNCT
ajfa-10871	7	29	profitability	profitability	NOUN
ajfa-10871	7	30	,	,	PUNCT
ajfa-10871	7	31	last	last	ADJ
ajfa-10871	7	32	year	year	NOUN
ajfa-10871	7	33	's	's	PART
ajfa-10871	7	34	dividend	dividend	NOUN
ajfa-10871	7	35	and	and	CCONJ
ajfa-10871	7	36	p	p	X
ajfa-10871	7	37	/	/	SYM
ajfa-10871	7	38	e	e	NOUN
ajfa-10871	7	39	ratio	ratio	NOUN
ajfa-10871	7	40	are	be	AUX
ajfa-10871	7	41	used	use	VERB
ajfa-10871	7	42	as	as	ADP
ajfa-10871	7	43	dependent	dependent	ADJ
ajfa-10871	7	44	variables	variable	NOUN
ajfa-10871	7	45	.	.	PUNCT
ajfa-10871	8	1	besides	besides	SCONJ
ajfa-10871	8	2	,	,	PUNCT
ajfa-10871	8	3	ownership	ownership	NOUN
ajfa-10871	8	4	structure	structure	NOUN
ajfa-10871	8	5	,	,	PUNCT
ajfa-10871	8	6	firm	firm	ADJ
ajfa-10871	8	7	age	age	NOUN
ajfa-10871	8	8	,	,	PUNCT
ajfa-10871	8	9	market	market	NOUN
ajfa-10871	8	10	share	share	NOUN
ajfa-10871	8	11	,	,	PUNCT
ajfa-10871	8	12	and	and	CCONJ
ajfa-10871	8	13	risk	risk	NOUN
ajfa-10871	8	14	are	be	AUX
ajfa-10871	8	15	used	use	VERB
ajfa-10871	8	16	as	as	ADP
ajfa-10871	8	17	control	control	NOUN
ajfa-10871	8	18	variables	variable	NOUN
ajfa-10871	8	19	.	.	PUNCT
ajfa-10871	9	1	the	the	DET
ajfa-10871	9	2	study	study	NOUN
ajfa-10871	9	3	explores	explore	VERB
ajfa-10871	9	4	that	that	SCONJ
ajfa-10871	9	5	firm	firm	ADJ
ajfa-10871	9	6	size	size	NOUN
ajfa-10871	9	7	has	have	VERB
ajfa-10871	9	8	significant	significant	ADJ
ajfa-10871	9	9	negative	negative	ADJ
ajfa-10871	9	10	and	and	CCONJ
ajfa-10871	9	11	last	last	ADJ
ajfa-10871	9	12	year	year	NOUN
ajfa-10871	9	13	’s	’s	PART
ajfa-10871	9	14	dividend	dividend	NOUN
ajfa-10871	9	15	asian	asian	PROPN
ajfa-10871	9	16	journal	journal	PROPN
ajfa-10871	9	17	of	of	ADP
ajfa-10871	9	18	finance	finance	PROPN
ajfa-10871	9	19	&	&	CCONJ
ajfa-10871	9	20	accounting	accounting	PROPN
ajfa-10871	9	21	issn	issn	PROPN
ajfa-10871	9	22	1946	1946	NUM
ajfa-10871	9	23	-	-	PUNCT
ajfa-10871	9	24	052x	052x	PROPN
ajfa-10871	9	25	2017	2017	NUM
ajfa-10871	9	26	,	,	PUNCT
ajfa-10871	9	27	vol	vol	NOUN
ajfa-10871	9	28	.	.	NOUN
ajfa-10871	10	1	9	9	NUM
ajfa-10871	10	2	,	,	PUNCT
ajfa-10871	10	3	no	no	INTJ
ajfa-10871	10	4	.	.	NOUN
ajfa-10871	10	5	1	1	NUM
ajfa-10871	10	6	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10871	10	7	167	167	NUM
ajfa-10871	10	8	has	have	VERB
ajfa-10871	10	9	significant	significant	ADJ
ajfa-10871	10	10	positive	positive	ADJ
ajfa-10871	10	11	relationship	relationship	NOUN
ajfa-10871	10	12	with	with	ADP
ajfa-10871	10	13	dividend	dividend	NOUN
ajfa-10871	10	14	payout	payout	NOUN
ajfa-10871	10	15	.	.	PUNCT
ajfa-10871	11	1	however	however	ADV
ajfa-10871	11	2	,	,	PUNCT
ajfa-10871	11	3	dividend	dividend	NOUN
ajfa-10871	11	4	payout	payout	NOUN
ajfa-10871	11	5	does	do	AUX
ajfa-10871	11	6	not	not	PART
ajfa-10871	11	7	depend	depend	VERB
ajfa-10871	11	8	on	on	ADP
ajfa-10871	11	9	firm	firm	ADJ
ajfa-10871	11	10	growth	growth	NOUN
ajfa-10871	11	11	,	,	PUNCT
ajfa-10871	11	12	liquidity	liquidity	NOUN
ajfa-10871	11	13	,	,	PUNCT
ajfa-10871	11	14	profitability	profitability	NOUN
ajfa-10871	11	15	and	and	CCONJ
ajfa-10871	11	16	p	p	NOUN
ajfa-10871	11	17	/	/	SYM
ajfa-10871	11	18	e	e	NOUN
ajfa-10871	11	19	ratio	ratio	NOUN
ajfa-10871	11	20	of	of	ADP
ajfa-10871	11	21	a	a	DET
ajfa-10871	11	22	firm	firm	NOUN
ajfa-10871	11	23	.	.	PUNCT
ajfa-10871	12	1	the	the	DET
ajfa-10871	12	2	research	research	NOUN
ajfa-10871	12	3	outcome	outcome	NOUN
ajfa-10871	12	4	may	may	AUX
ajfa-10871	12	5	have	have	VERB
ajfa-10871	12	6	important	important	ADJ
ajfa-10871	12	7	implications	implication	NOUN
ajfa-10871	12	8	for	for	ADP
ajfa-10871	12	9	the	the	DET
ajfa-10871	12	10	improvement	improvement	NOUN
ajfa-10871	12	11	of	of	ADP
ajfa-10871	12	12	investors	investor	NOUN
ajfa-10871	12	13	'	'	PART
ajfa-10871	12	14	perceptions	perception	NOUN
ajfa-10871	12	15	,	,	PUNCT
ajfa-10871	12	16	which	which	PRON
ajfa-10871	12	17	may	may	AUX
ajfa-10871	12	18	assist	assist	VERB
ajfa-10871	12	19	them	they	PRON
ajfa-10871	12	20	in	in	ADP
ajfa-10871	12	21	their	their	PRON
ajfa-10871	12	22	investment	investment	NOUN
ajfa-10871	12	23	decisions	decision	NOUN
ajfa-10871	12	24	in	in	ADP
ajfa-10871	12	25	the	the	DET
ajfa-10871	12	26	researched	research	VERB
ajfa-10871	12	27	industries	industry	NOUN
ajfa-10871	12	28	.	.	PUNCT
ajfa-10871	13	1	certainly	certainly	ADV
ajfa-10871	13	2	more	more	ADJ
ajfa-10871	13	3	work	work	NOUN
ajfa-10871	13	4	lies	lie	VERB
ajfa-10871	13	5	ahead	ahead	ADV
ajfa-10871	13	6	to	to	PART
ajfa-10871	13	7	add	add	VERB
ajfa-10871	13	8	to	to	ADP
ajfa-10871	13	9	explanations	explanation	NOUN
ajfa-10871	13	10	for	for	ADP
ajfa-10871	13	11	why	why	SCONJ
ajfa-10871	13	12	some	some	PRON
ajfa-10871	13	13	of	of	ADP
ajfa-10871	13	14	the	the	DET
ajfa-10871	13	15	factors	factor	NOUN
ajfa-10871	13	16	affect	affect	VERB
ajfa-10871	13	17	the	the	DET
ajfa-10871	13	18	dividend	dividend	NOUN
ajfa-10871	13	19	policy	policy	NOUN
ajfa-10871	13	20	of	of	ADP
ajfa-10871	13	21	the	the	DET
ajfa-10871	13	22	industries	industry	NOUN
ajfa-10871	13	23	,	,	PUNCT
ajfa-10871	13	24	while	while	SCONJ
ajfa-10871	13	25	others	other	NOUN
ajfa-10871	13	26	have	have	VERB
ajfa-10871	13	27	no	no	DET
ajfa-10871	13	28	significant	significant	ADJ
ajfa-10871	13	29	impact	impact	NOUN
ajfa-10871	13	30	thereon	thereon	NOUN
ajfa-10871	13	31	.	.	PUNCT
ajfa-10871	14	1	keywords	keyword	NOUN
ajfa-10871	14	2	:	:	PUNCT
ajfa-10871	14	3	dividend	dividend	NOUN
ajfa-10871	14	4	policy	policy	NOUN
ajfa-10871	14	5	,	,	PUNCT
ajfa-10871	14	6	multiple	multiple	ADJ
ajfa-10871	14	7	regression	regression	NOUN
ajfa-10871	14	8	analysis	analysis	NOUN
ajfa-10871	14	9	,	,	PUNCT
ajfa-10871	14	10	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	14	11	and	and	CCONJ
ajfa-10871	14	12	chemicals	chemical	NOUN
ajfa-10871	14	13	industries	industry	NOUN
ajfa-10871	14	14	,	,	PUNCT
ajfa-10871	14	15	investors	investor	NOUN
ajfa-10871	14	16	asian	asian	PROPN
ajfa-10871	14	17	journal	journal	PROPN
ajfa-10871	14	18	of	of	ADP
ajfa-10871	14	19	finance	finance	PROPN
ajfa-10871	14	20	&	&	CCONJ
ajfa-10871	14	21	accounting	accounting	PROPN
ajfa-10871	14	22	issn	issn	PROPN
ajfa-10871	14	23	1946	1946	NUM
ajfa-10871	14	24	-	-	PUNCT
ajfa-10871	14	25	052x	052x	PROPN
ajfa-10871	14	26	2017	2017	NUM
ajfa-10871	14	27	,	,	PUNCT
ajfa-10871	14	28	vol	vol	NOUN
ajfa-10871	14	29	.	.	NOUN
ajfa-10871	14	30	9	9	NUM
ajfa-10871	14	31	,	,	PUNCT
ajfa-10871	14	32	no	no	INTJ
ajfa-10871	14	33	.	.	NOUN
ajfa-10871	14	34	1	1	NUM
ajfa-10871	14	35	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	14	36	168	168	NUM
ajfa-10871	14	37	1	1	NUM
ajfa-10871	14	38	.	.	PUNCT
ajfa-10871	15	1	introduction	introduction	NOUN
ajfa-10871	15	2	dividend	dividend	NOUN
ajfa-10871	15	3	policy	policy	NOUN
ajfa-10871	15	4	has	have	AUX
ajfa-10871	15	5	been	be	AUX
ajfa-10871	15	6	an	an	DET
ajfa-10871	15	7	important	important	ADJ
ajfa-10871	15	8	component	component	NOUN
ajfa-10871	15	9	in	in	ADP
ajfa-10871	15	10	the	the	DET
ajfa-10871	15	11	arena	arena	NOUN
ajfa-10871	15	12	of	of	ADP
ajfa-10871	15	13	financial	financial	ADJ
ajfa-10871	15	14	literature	literature	NOUN
ajfa-10871	15	15	and	and	CCONJ
ajfa-10871	15	16	providing	provide	VERB
ajfa-10871	15	17	evidence	evidence	NOUN
ajfa-10871	15	18	that	that	PRON
ajfa-10871	15	19	dividend	dividend	NOUN
ajfa-10871	15	20	payout	payout	NOUN
ajfa-10871	15	21	decisions	decision	NOUN
ajfa-10871	15	22	are	be	AUX
ajfa-10871	15	23	affected	affect	VERB
ajfa-10871	15	24	by	by	ADP
ajfa-10871	15	25	various	various	ADJ
ajfa-10871	15	26	factors	factor	NOUN
ajfa-10871	15	27	.	.	PUNCT
ajfa-10871	16	1	the	the	DET
ajfa-10871	16	2	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	16	3	and	and	CCONJ
ajfa-10871	16	4	chemicals	chemical	NOUN
ajfa-10871	16	5	industries	industry	NOUN
ajfa-10871	16	6	of	of	ADP
ajfa-10871	16	7	bangladesh	bangladesh	NOUN
ajfa-10871	16	8	offer	offer	VERB
ajfa-10871	16	9	a	a	DET
ajfa-10871	16	10	lot	lot	NOUN
ajfa-10871	16	11	of	of	ADP
ajfa-10871	16	12	investment	investment	NOUN
ajfa-10871	16	13	panorama	panorama	NOUN
ajfa-10871	16	14	in	in	ADP
ajfa-10871	16	15	the	the	DET
ajfa-10871	16	16	stock	stock	NOUN
ajfa-10871	16	17	market	market	NOUN
ajfa-10871	16	18	,	,	PUNCT
ajfa-10871	16	19	especially	especially	ADV
ajfa-10871	16	20	for	for	ADP
ajfa-10871	16	21	the	the	DET
ajfa-10871	16	22	retail	retail	ADJ
ajfa-10871	16	23	investors	investor	NOUN
ajfa-10871	16	24	.	.	PUNCT
ajfa-10871	17	1	this	this	DET
ajfa-10871	17	2	research	research	NOUN
ajfa-10871	17	3	has	have	AUX
ajfa-10871	17	4	been	be	AUX
ajfa-10871	17	5	an	an	DET
ajfa-10871	17	6	endeavor	endeavor	NOUN
ajfa-10871	17	7	to	to	PART
ajfa-10871	17	8	determine	determine	VERB
ajfa-10871	17	9	the	the	DET
ajfa-10871	17	10	factors	factor	NOUN
ajfa-10871	17	11	affecting	affect	VERB
ajfa-10871	17	12	the	the	DET
ajfa-10871	17	13	dividend	dividend	NOUN
ajfa-10871	17	14	policy	policy	NOUN
ajfa-10871	17	15	of	of	ADP
ajfa-10871	17	16	these	these	DET
ajfa-10871	17	17	promising	promising	ADJ
ajfa-10871	17	18	industries	industry	NOUN
ajfa-10871	17	19	of	of	ADP
ajfa-10871	17	20	the	the	DET
ajfa-10871	17	21	country	country	NOUN
ajfa-10871	17	22	.	.	PUNCT
ajfa-10871	18	1	the	the	DET
ajfa-10871	18	2	relevance	relevance	NOUN
ajfa-10871	18	3	and	and	CCONJ
ajfa-10871	18	4	irrelevance	irrelevance	NOUN
ajfa-10871	18	5	of	of	ADP
ajfa-10871	18	6	dividend	dividend	NOUN
ajfa-10871	18	7	policy	policy	NOUN
ajfa-10871	18	8	have	have	AUX
ajfa-10871	18	9	been	be	AUX
ajfa-10871	18	10	analyzed	analyze	VERB
ajfa-10871	18	11	by	by	ADP
ajfa-10871	18	12	finance	finance	NOUN
ajfa-10871	18	13	scholars	scholar	NOUN
ajfa-10871	18	14	based	base	VERB
ajfa-10871	18	15	on	on	ADP
ajfa-10871	18	16	a	a	DET
ajfa-10871	18	17	number	number	NOUN
ajfa-10871	18	18	of	of	ADP
ajfa-10871	18	19	dividend	dividend	NOUN
ajfa-10871	18	20	policy	policy	NOUN
ajfa-10871	18	21	theories	theory	NOUN
ajfa-10871	18	22	(	(	PUNCT
ajfa-10871	18	23	miller	miller	PROPN
ajfa-10871	18	24	and	and	CCONJ
ajfa-10871	18	25	modigliani	modigliani	PROPN
ajfa-10871	18	26	,	,	PUNCT
ajfa-10871	18	27	1961	1961	NUM
ajfa-10871	18	28	;	;	PUNCT
ajfa-10871	18	29	gordon	gordon	PROPN
ajfa-10871	18	30	,	,	PUNCT
ajfa-10871	18	31	1956	1956	NUM
ajfa-10871	18	32	;	;	PUNCT
ajfa-10871	18	33	linter	linter	NOUN
ajfa-10871	18	34	,	,	PUNCT
ajfa-10871	18	35	1959	1959	NUM
ajfa-10871	18	36	)	)	PUNCT
ajfa-10871	18	37	.	.	PUNCT
ajfa-10871	19	1	however	however	ADV
ajfa-10871	19	2	,	,	PUNCT
ajfa-10871	19	3	studies	study	NOUN
ajfa-10871	19	4	revealed	reveal	VERB
ajfa-10871	19	5	that	that	SCONJ
ajfa-10871	19	6	investors	investor	NOUN
ajfa-10871	19	7	expect	expect	VERB
ajfa-10871	19	8	firms	firm	NOUN
ajfa-10871	19	9	to	to	PART
ajfa-10871	19	10	be	be	AUX
ajfa-10871	19	11	fairly	fairly	ADV
ajfa-10871	19	12	valued	value	VERB
ajfa-10871	19	13	irrespective	irrespective	ADV
ajfa-10871	19	14	of	of	ADP
ajfa-10871	19	15	the	the	DET
ajfa-10871	19	16	dividend	dividend	NOUN
ajfa-10871	19	17	policies	policy	NOUN
ajfa-10871	19	18	followed	follow	VERB
ajfa-10871	19	19	by	by	ADP
ajfa-10871	19	20	the	the	DET
ajfa-10871	19	21	firms	firm	NOUN
ajfa-10871	19	22	.	.	PUNCT
ajfa-10871	20	1	current	current	ADJ
ajfa-10871	20	2	dividend	dividend	NOUN
ajfa-10871	20	3	decreases	decrease	VERB
ajfa-10871	20	4	the	the	DET
ajfa-10871	20	5	shareholders	shareholder	NOUN
ajfa-10871	20	6	'	'	PART
ajfa-10871	20	7	uncertainty	uncertainty	NOUN
ajfa-10871	20	8	,	,	PUNCT
ajfa-10871	20	9	which	which	PRON
ajfa-10871	20	10	contributes	contribute	VERB
ajfa-10871	20	11	to	to	ADP
ajfa-10871	20	12	the	the	DET
ajfa-10871	20	13	company	company	NOUN
ajfa-10871	20	14	’s	’s	PART
ajfa-10871	20	15	higher	high	ADJ
ajfa-10871	20	16	stock	stock	NOUN
ajfa-10871	20	17	value	value	NOUN
ajfa-10871	20	18	and	and	CCONJ
ajfa-10871	20	19	in	in	ADP
ajfa-10871	20	20	turn	turn	NOUN
ajfa-10871	20	21	higher	high	ADJ
ajfa-10871	20	22	value	value	NOUN
ajfa-10871	20	23	of	of	ADP
ajfa-10871	20	24	the	the	DET
ajfa-10871	20	25	firm	firm	NOUN
ajfa-10871	20	26	(	(	PUNCT
ajfa-10871	20	27	gitman	gitman	NOUN
ajfa-10871	20	28	,	,	PUNCT
ajfa-10871	20	29	2009	2009	NUM
ajfa-10871	20	30	)	)	PUNCT
ajfa-10871	20	31	.	.	PUNCT
ajfa-10871	21	1	therefore	therefore	ADV
ajfa-10871	21	2	,	,	PUNCT
ajfa-10871	21	3	research	research	NOUN
ajfa-10871	21	4	concentrated	concentrate	VERB
ajfa-10871	21	5	on	on	ADP
ajfa-10871	21	6	studies	study	NOUN
ajfa-10871	21	7	relating	relate	VERB
ajfa-10871	21	8	to	to	PART
ajfa-10871	21	9	dividend	dividend	VERB
ajfa-10871	21	10	policy	policy	NOUN
ajfa-10871	21	11	and	and	CCONJ
ajfa-10871	21	12	the	the	DET
ajfa-10871	21	13	value	value	NOUN
ajfa-10871	21	14	of	of	ADP
ajfa-10871	21	15	the	the	DET
ajfa-10871	21	16	firm	firm	NOUN
ajfa-10871	21	17	as	as	ADV
ajfa-10871	21	18	well	well	ADV
ajfa-10871	21	19	as	as	ADP
ajfa-10871	21	20	the	the	DET
ajfa-10871	21	21	wealth	wealth	NOUN
ajfa-10871	21	22	of	of	ADP
ajfa-10871	21	23	shareholders	shareholder	NOUN
ajfa-10871	21	24	(	(	PUNCT
ajfa-10871	21	25	baker	baker	PROPN
ajfa-10871	21	26	and	and	CCONJ
ajfa-10871	21	27	powell	powell	PROPN
ajfa-10871	21	28	,	,	PUNCT
ajfa-10871	21	29	1999	1999	NUM
ajfa-10871	21	30	;	;	PUNCT
ajfa-10871	21	31	omran	omran	PROPN
ajfa-10871	21	32	&	&	CCONJ
ajfa-10871	21	33	pointon	pointon	PROPN
ajfa-10871	21	34	,	,	PUNCT
ajfa-10871	21	35	2004	2004	NUM
ajfa-10871	21	36	)	)	PUNCT
ajfa-10871	21	37	.	.	PUNCT
ajfa-10871	22	1	numerous	numerous	ADJ
ajfa-10871	22	2	studies	study	NOUN
ajfa-10871	22	3	examined	examine	VERB
ajfa-10871	22	4	the	the	DET
ajfa-10871	22	5	individual	individual	ADJ
ajfa-10871	22	6	factors	factor	NOUN
ajfa-10871	22	7	affecting	affect	VERB
ajfa-10871	22	8	dividend	dividend	NOUN
ajfa-10871	22	9	policy	policy	NOUN
ajfa-10871	22	10	with	with	ADP
ajfa-10871	22	11	detailed	detailed	ADJ
ajfa-10871	22	12	analyses	analysis	NOUN
ajfa-10871	22	13	and	and	CCONJ
ajfa-10871	22	14	interpretations	interpretation	NOUN
ajfa-10871	22	15	,	,	PUNCT
ajfa-10871	22	16	especially	especially	ADV
ajfa-10871	22	17	in	in	ADP
ajfa-10871	22	18	the	the	DET
ajfa-10871	22	19	developed	develop	VERB
ajfa-10871	22	20	globe	globe	NOUN
ajfa-10871	22	21	.	.	PUNCT
ajfa-10871	23	1	nevertheless	nevertheless	ADV
ajfa-10871	23	2	,	,	PUNCT
ajfa-10871	23	3	hardly	hardly	ADV
ajfa-10871	23	4	any	any	DET
ajfa-10871	23	5	research	research	NOUN
ajfa-10871	23	6	attempts	attempt	NOUN
ajfa-10871	23	7	have	have	AUX
ajfa-10871	23	8	been	be	AUX
ajfa-10871	23	9	taken	take	VERB
ajfa-10871	23	10	so	so	ADV
ajfa-10871	23	11	far	far	ADV
ajfa-10871	23	12	in	in	ADP
ajfa-10871	23	13	this	this	DET
ajfa-10871	23	14	context	context	NOUN
ajfa-10871	23	15	in	in	ADP
ajfa-10871	23	16	bangladesh	bangladesh	NOUN
ajfa-10871	23	17	,	,	PUNCT
ajfa-10871	23	18	particularly	particularly	ADV
ajfa-10871	23	19	for	for	ADP
ajfa-10871	23	20	the	the	DET
ajfa-10871	23	21	stock	stock	NOUN
ajfa-10871	23	22	market	market	NOUN
ajfa-10871	23	23	investors	investor	NOUN
ajfa-10871	23	24	.	.	PUNCT
ajfa-10871	24	1	the	the	DET
ajfa-10871	24	2	study	study	NOUN
ajfa-10871	24	3	intends	intend	VERB
ajfa-10871	24	4	to	to	PART
ajfa-10871	24	5	depict	depict	VERB
ajfa-10871	24	6	the	the	DET
ajfa-10871	24	7	determinants	determinant	NOUN
ajfa-10871	24	8	of	of	ADP
ajfa-10871	24	9	corporate	corporate	ADJ
ajfa-10871	24	10	dividend	dividend	NOUN
ajfa-10871	24	11	policy	policy	NOUN
ajfa-10871	24	12	,	,	PUNCT
ajfa-10871	24	13	especially	especially	ADV
ajfa-10871	24	14	as	as	ADP
ajfa-10871	24	15	a	a	DET
ajfa-10871	24	16	basic	basic	ADJ
ajfa-10871	24	17	guideline	guideline	NOUN
ajfa-10871	24	18	for	for	ADP
ajfa-10871	24	19	the	the	DET
ajfa-10871	24	20	actual	actual	ADJ
ajfa-10871	24	21	and	and	CCONJ
ajfa-10871	24	22	potential	potential	ADJ
ajfa-10871	24	23	investors	investor	NOUN
ajfa-10871	24	24	in	in	ADP
ajfa-10871	24	25	the	the	DET
ajfa-10871	24	26	stock	stock	NOUN
ajfa-10871	24	27	market	market	NOUN
ajfa-10871	24	28	.	.	PUNCT
ajfa-10871	25	1	in	in	ADP
ajfa-10871	25	2	this	this	DET
ajfa-10871	25	3	regard	regard	NOUN
ajfa-10871	25	4	,	,	PUNCT
ajfa-10871	25	5	this	this	DET
ajfa-10871	25	6	study	study	NOUN
ajfa-10871	25	7	proceeds	proceed	VERB
ajfa-10871	25	8	to	to	PART
ajfa-10871	25	9	examine	examine	VERB
ajfa-10871	25	10	the	the	DET
ajfa-10871	25	11	relationship	relationship	NOUN
ajfa-10871	25	12	of	of	ADP
ajfa-10871	25	13	dividend	dividend	NOUN
ajfa-10871	25	14	payout	payout	NOUN
ajfa-10871	25	15	with	with	ADP
ajfa-10871	25	16	a	a	DET
ajfa-10871	25	17	number	number	NOUN
ajfa-10871	25	18	of	of	ADP
ajfa-10871	25	19	firm	firm	ADJ
ajfa-10871	25	20	-	-	PUNCT
ajfa-10871	25	21	specific	specific	ADJ
ajfa-10871	25	22	factors	factor	NOUN
ajfa-10871	25	23	,	,	PUNCT
ajfa-10871	25	24	with	with	ADP
ajfa-10871	25	25	explicit	explicit	ADJ
ajfa-10871	25	26	focus	focus	NOUN
ajfa-10871	25	27	on	on	ADP
ajfa-10871	25	28	both	both	CCONJ
ajfa-10871	25	29	the	the	DET
ajfa-10871	25	30	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	25	31	and	and	CCONJ
ajfa-10871	25	32	chemicals	chemical	NOUN
ajfa-10871	25	33	industries	industry	NOUN
ajfa-10871	25	34	of	of	ADP
ajfa-10871	25	35	bangladesh	bangladesh	PROPN
ajfa-10871	25	36	.	.	PUNCT
ajfa-10871	26	1	the	the	DET
ajfa-10871	26	2	study	study	NOUN
ajfa-10871	26	3	is	be	AUX
ajfa-10871	26	4	a	a	DET
ajfa-10871	26	5	quantitative	quantitative	ADJ
ajfa-10871	26	6	one	one	NUM
ajfa-10871	26	7	comprising	comprising	NOUN
ajfa-10871	26	8	of	of	ADP
ajfa-10871	26	9	different	different	ADJ
ajfa-10871	26	10	statistical	statistical	ADJ
ajfa-10871	26	11	analyses	analysis	NOUN
ajfa-10871	26	12	.	.	PUNCT
ajfa-10871	27	1	in	in	ADP
ajfa-10871	27	2	order	order	NOUN
ajfa-10871	27	3	to	to	PART
ajfa-10871	27	4	construct	construct	VERB
ajfa-10871	27	5	the	the	DET
ajfa-10871	27	6	theoretical	theoretical	ADJ
ajfa-10871	27	7	framework	framework	NOUN
ajfa-10871	27	8	,	,	PUNCT
ajfa-10871	27	9	relevant	relevant	ADJ
ajfa-10871	27	10	secondary	secondary	ADJ
ajfa-10871	27	11	data	datum	NOUN
ajfa-10871	27	12	have	have	AUX
ajfa-10871	27	13	been	be	AUX
ajfa-10871	27	14	used	use	VERB
ajfa-10871	27	15	from	from	ADP
ajfa-10871	27	16	different	different	ADJ
ajfa-10871	27	17	sources	source	NOUN
ajfa-10871	27	18	such	such	ADJ
ajfa-10871	27	19	as	as	ADP
ajfa-10871	27	20	journal	journal	NOUN
ajfa-10871	27	21	articles	article	NOUN
ajfa-10871	27	22	,	,	PUNCT
ajfa-10871	27	23	websites	website	NOUN
ajfa-10871	27	24	,	,	PUNCT
ajfa-10871	27	25	books	book	NOUN
ajfa-10871	27	26	,	,	PUNCT
ajfa-10871	27	27	etc	etc	X
ajfa-10871	27	28	.	.	X
ajfa-10871	27	29	besides	besides	SCONJ
ajfa-10871	27	30	,	,	PUNCT
ajfa-10871	27	31	the	the	DET
ajfa-10871	27	32	dataset	dataset	NOUN
ajfa-10871	27	33	for	for	ADP
ajfa-10871	27	34	the	the	DET
ajfa-10871	27	35	statistical	statistical	ADJ
ajfa-10871	27	36	analysis	analysis	NOUN
ajfa-10871	27	37	consists	consist	VERB
ajfa-10871	27	38	of	of	ADP
ajfa-10871	27	39	mainly	mainly	ADV
ajfa-10871	27	40	secondary	secondary	ADJ
ajfa-10871	27	41	data	datum	NOUN
ajfa-10871	27	42	collected	collect	VERB
ajfa-10871	27	43	from	from	ADP
ajfa-10871	27	44	the	the	DET
ajfa-10871	27	45	websites	website	NOUN
ajfa-10871	27	46	of	of	ADP
ajfa-10871	27	47	dse	dse	PROPN
ajfa-10871	27	48	and	and	CCONJ
ajfa-10871	27	49	annual	annual	ADJ
ajfa-10871	27	50	reports	report	NOUN
ajfa-10871	27	51	of	of	ADP
ajfa-10871	27	52	sample	sample	NOUN
ajfa-10871	27	53	companies	company	NOUN
ajfa-10871	27	54	.	.	PUNCT
ajfa-10871	28	1	a	a	DET
ajfa-10871	28	2	total	total	NOUN
ajfa-10871	28	3	of	of	ADP
ajfa-10871	28	4	15	15	NUM
ajfa-10871	28	5	companies	company	NOUN
ajfa-10871	28	6	are	be	AUX
ajfa-10871	28	7	selected	select	VERB
ajfa-10871	28	8	from	from	ADP
ajfa-10871	28	9	both	both	DET
ajfa-10871	28	10	the	the	DET
ajfa-10871	28	11	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	28	12	and	and	CCONJ
ajfa-10871	28	13	chemicals	chemical	NOUN
ajfa-10871	28	14	companies	company	NOUN
ajfa-10871	28	15	listed	list	VERB
ajfa-10871	28	16	under	under	ADP
ajfa-10871	28	17	the	the	DET
ajfa-10871	28	18	sector	sector	NOUN
ajfa-10871	28	19	titled	title	VERB
ajfa-10871	28	20	'	'	PUNCT
ajfa-10871	28	21	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	28	22	and	and	CCONJ
ajfa-10871	28	23	chemicals	chemical	NOUN
ajfa-10871	28	24	'	'	PUNCT
ajfa-10871	28	25	in	in	ADP
ajfa-10871	28	26	dhaka	dhaka	PROPN
ajfa-10871	28	27	stock	stock	PROPN
ajfa-10871	28	28	exchange	exchange	PROPN
ajfa-10871	28	29	(	(	PUNCT
ajfa-10871	28	30	dse	dse	PROPN
ajfa-10871	28	31	)	)	PUNCT
ajfa-10871	28	32	,	,	PUNCT
ajfa-10871	28	33	the	the	DET
ajfa-10871	28	34	main	main	ADJ
ajfa-10871	28	35	stock	stock	NOUN
ajfa-10871	28	36	exchange	exchange	NOUN
ajfa-10871	28	37	of	of	ADP
ajfa-10871	28	38	bangladesh	bangladesh	PROPN
ajfa-10871	28	39	.	.	PUNCT
ajfa-10871	29	1	a	a	DET
ajfa-10871	29	2	number	number	NOUN
ajfa-10871	29	3	of	of	ADP
ajfa-10871	29	4	variables	variable	NOUN
ajfa-10871	29	5	have	have	AUX
ajfa-10871	29	6	been	be	AUX
ajfa-10871	29	7	scrutinized	scrutinize	VERB
ajfa-10871	29	8	based	base	VERB
ajfa-10871	29	9	on	on	ADP
ajfa-10871	29	10	empirical	empirical	ADJ
ajfa-10871	29	11	studies	study	NOUN
ajfa-10871	29	12	,	,	PUNCT
ajfa-10871	29	13	and	and	CCONJ
ajfa-10871	29	14	have	have	AUX
ajfa-10871	29	15	been	be	AUX
ajfa-10871	29	16	analyzed	analyze	VERB
ajfa-10871	29	17	using	use	VERB
ajfa-10871	29	18	basic	basic	ADJ
ajfa-10871	29	19	descriptive	descriptive	ADJ
ajfa-10871	29	20	statistics	statistic	NOUN
ajfa-10871	29	21	.	.	PUNCT
ajfa-10871	30	1	in	in	ADP
ajfa-10871	30	2	order	order	NOUN
ajfa-10871	30	3	to	to	PART
ajfa-10871	30	4	examine	examine	VERB
ajfa-10871	30	5	the	the	DET
ajfa-10871	30	6	relative	relative	ADJ
ajfa-10871	30	7	influence	influence	NOUN
ajfa-10871	30	8	of	of	ADP
ajfa-10871	30	9	each	each	PRON
ajfa-10871	30	10	of	of	ADP
ajfa-10871	30	11	the	the	DET
ajfa-10871	30	12	factors	factor	NOUN
ajfa-10871	30	13	on	on	ADP
ajfa-10871	30	14	a	a	DET
ajfa-10871	30	15	firm	firm	NOUN
ajfa-10871	30	16	's	's	PART
ajfa-10871	30	17	dividend	dividend	NOUN
ajfa-10871	30	18	payout	payout	NOUN
ajfa-10871	30	19	,	,	PUNCT
ajfa-10871	30	20	several	several	ADJ
ajfa-10871	30	21	hypotheses	hypothesis	NOUN
ajfa-10871	30	22	have	have	AUX
ajfa-10871	30	23	been	be	AUX
ajfa-10871	30	24	formulated	formulate	VERB
ajfa-10871	30	25	and	and	CCONJ
ajfa-10871	30	26	tested	test	VERB
ajfa-10871	30	27	using	use	VERB
ajfa-10871	30	28	correlation	correlation	NOUN
ajfa-10871	30	29	matrix	matrix	NOUN
ajfa-10871	30	30	and	and	CCONJ
ajfa-10871	30	31	multiple	multiple	ADJ
ajfa-10871	30	32	regression	regression	NOUN
ajfa-10871	30	33	analysis	analysis	NOUN
ajfa-10871	30	34	.	.	PUNCT
ajfa-10871	31	1	the	the	DET
ajfa-10871	31	2	study	study	NOUN
ajfa-10871	31	3	outcomes	outcome	NOUN
ajfa-10871	31	4	may	may	AUX
ajfa-10871	31	5	offer	offer	VERB
ajfa-10871	31	6	important	important	ADJ
ajfa-10871	31	7	guidelines	guideline	NOUN
ajfa-10871	31	8	to	to	ADP
ajfa-10871	31	9	the	the	DET
ajfa-10871	31	10	actual	actual	ADJ
ajfa-10871	31	11	and	and	CCONJ
ajfa-10871	31	12	prospective	prospective	ADJ
ajfa-10871	31	13	stock	stock	NOUN
ajfa-10871	31	14	market	market	NOUN
ajfa-10871	31	15	investors	investor	NOUN
ajfa-10871	31	16	,	,	PUNCT
ajfa-10871	31	17	especially	especially	ADV
ajfa-10871	31	18	those	those	PRON
ajfa-10871	31	19	interested	interested	ADJ
ajfa-10871	31	20	in	in	ADP
ajfa-10871	31	21	the	the	DET
ajfa-10871	31	22	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	31	23	and	and	CCONJ
ajfa-10871	31	24	chemicals	chemical	NOUN
ajfa-10871	31	25	sectors	sector	NOUN
ajfa-10871	31	26	of	of	ADP
ajfa-10871	31	27	dse	dse	PROPN
ajfa-10871	31	28	.	.	PUNCT
ajfa-10871	32	1	among	among	ADP
ajfa-10871	32	2	the	the	DET
ajfa-10871	32	3	other	other	ADJ
ajfa-10871	32	4	stakeholders	stakeholder	NOUN
ajfa-10871	32	5	,	,	PUNCT
ajfa-10871	32	6	regulators	regulator	NOUN
ajfa-10871	32	7	in	in	ADP
ajfa-10871	32	8	the	the	DET
ajfa-10871	32	9	capital	capital	NOUN
ajfa-10871	32	10	market	market	NOUN
ajfa-10871	32	11	,	,	PUNCT
ajfa-10871	32	12	corporations	corporation	NOUN
ajfa-10871	32	13	'	'	PART
ajfa-10871	32	14	management	management	NOUN
ajfa-10871	32	15	,	,	PUNCT
ajfa-10871	32	16	stock	stock	NOUN
ajfa-10871	32	17	dealers	dealer	NOUN
ajfa-10871	32	18	and	and	CCONJ
ajfa-10871	32	19	brokers	broker	NOUN
ajfa-10871	32	20	,	,	PUNCT
ajfa-10871	32	21	etc	etc	X
ajfa-10871	32	22	.	.	X
ajfa-10871	32	23	can	can	AUX
ajfa-10871	32	24	also	also	ADV
ajfa-10871	32	25	be	be	AUX
ajfa-10871	32	26	informed	inform	VERB
ajfa-10871	32	27	of	of	ADP
ajfa-10871	32	28	the	the	DET
ajfa-10871	32	29	results	result	NOUN
ajfa-10871	32	30	of	of	ADP
ajfa-10871	32	31	the	the	DET
ajfa-10871	32	32	investigation	investigation	NOUN
ajfa-10871	32	33	and	and	CCONJ
ajfa-10871	32	34	concentrate	concentrate	VERB
ajfa-10871	32	35	on	on	ADP
ajfa-10871	32	36	necessary	necessary	ADJ
ajfa-10871	32	37	policy	policy	NOUN
ajfa-10871	32	38	implications	implication	NOUN
ajfa-10871	32	39	accordingly	accordingly	ADV
ajfa-10871	32	40	.	.	PUNCT
ajfa-10871	33	1	asian	asian	ADJ
ajfa-10871	33	2	journal	journal	PROPN
ajfa-10871	33	3	of	of	ADP
ajfa-10871	33	4	finance	finance	PROPN
ajfa-10871	33	5	&	&	CCONJ
ajfa-10871	33	6	accounting	accounting	PROPN
ajfa-10871	33	7	issn	issn	PROPN
ajfa-10871	33	8	1946	1946	NUM
ajfa-10871	33	9	-	-	PUNCT
ajfa-10871	33	10	052x	052x	PROPN
ajfa-10871	33	11	2017	2017	NUM
ajfa-10871	33	12	,	,	PUNCT
ajfa-10871	33	13	vol	vol	NOUN
ajfa-10871	33	14	.	.	NOUN
ajfa-10871	33	15	9	9	NUM
ajfa-10871	33	16	,	,	PUNCT
ajfa-10871	33	17	no	no	INTJ
ajfa-10871	33	18	.	.	NOUN
ajfa-10871	33	19	1	1	NUM
ajfa-10871	33	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	33	21	169	169	NUM
ajfa-10871	33	22	the	the	DET
ajfa-10871	33	23	rest	rest	NOUN
ajfa-10871	33	24	of	of	ADP
ajfa-10871	33	25	the	the	DET
ajfa-10871	33	26	document	document	NOUN
ajfa-10871	33	27	is	be	AUX
ajfa-10871	33	28	organized	organize	VERB
ajfa-10871	33	29	as	as	SCONJ
ajfa-10871	33	30	follows	follow	VERB
ajfa-10871	33	31	.	.	PUNCT
ajfa-10871	34	1	section	section	NOUN
ajfa-10871	34	2	2	2	NUM
ajfa-10871	34	3	consists	consist	VERB
ajfa-10871	34	4	of	of	ADP
ajfa-10871	34	5	the	the	DET
ajfa-10871	34	6	objective	objective	NOUN
ajfa-10871	34	7	of	of	ADP
ajfa-10871	34	8	the	the	DET
ajfa-10871	34	9	study	study	NOUN
ajfa-10871	34	10	and	and	CCONJ
ajfa-10871	34	11	research	research	NOUN
ajfa-10871	34	12	questions	question	NOUN
ajfa-10871	34	13	.	.	PUNCT
ajfa-10871	35	1	section	section	NOUN
ajfa-10871	35	2	3	3	NUM
ajfa-10871	35	3	discusses	discuss	VERB
ajfa-10871	35	4	the	the	DET
ajfa-10871	35	5	rationale	rationale	NOUN
ajfa-10871	35	6	for	for	ADP
ajfa-10871	35	7	the	the	DET
ajfa-10871	35	8	study	study	NOUN
ajfa-10871	35	9	.	.	PUNCT
ajfa-10871	36	1	section	section	NOUN
ajfa-10871	36	2	4	4	NUM
ajfa-10871	36	3	constructs	construct	VERB
ajfa-10871	36	4	the	the	DET
ajfa-10871	36	5	literature	literature	PROPN
ajfa-10871	36	6	review	review	PROPN
ajfa-10871	36	7	.	.	PUNCT
ajfa-10871	37	1	section	section	NOUN
ajfa-10871	37	2	5	5	NUM
ajfa-10871	37	3	reports	report	VERB
ajfa-10871	37	4	the	the	DET
ajfa-10871	37	5	empirical	empirical	ADJ
ajfa-10871	37	6	methodology	methodology	NOUN
ajfa-10871	37	7	including	include	VERB
ajfa-10871	37	8	sample	sample	NOUN
ajfa-10871	37	9	and	and	CCONJ
ajfa-10871	37	10	data	datum	NOUN
ajfa-10871	37	11	collection	collection	NOUN
ajfa-10871	37	12	,	,	PUNCT
ajfa-10871	37	13	and	and	CCONJ
ajfa-10871	37	14	statistical	statistical	ADJ
ajfa-10871	37	15	analyses	analysis	NOUN
ajfa-10871	37	16	.	.	PUNCT
ajfa-10871	38	1	section	section	NOUN
ajfa-10871	38	2	6	6	NUM
ajfa-10871	38	3	illustrates	illustrate	VERB
ajfa-10871	38	4	the	the	DET
ajfa-10871	38	5	approaches	approach	NOUN
ajfa-10871	38	6	to	to	PART
ajfa-10871	38	7	investigate	investigate	VERB
ajfa-10871	38	8	a	a	DET
ajfa-10871	38	9	number	number	NOUN
ajfa-10871	38	10	of	of	ADP
ajfa-10871	38	11	variables	variable	NOUN
ajfa-10871	38	12	in	in	ADP
ajfa-10871	38	13	terms	term	NOUN
ajfa-10871	38	14	of	of	ADP
ajfa-10871	38	15	their	their	PRON
ajfa-10871	38	16	influence	influence	NOUN
ajfa-10871	38	17	on	on	ADP
ajfa-10871	38	18	corporate	corporate	ADJ
ajfa-10871	38	19	dividend	dividend	NOUN
ajfa-10871	38	20	policy	policy	NOUN
ajfa-10871	38	21	of	of	ADP
ajfa-10871	38	22	the	the	DET
ajfa-10871	38	23	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	38	24	and	and	CCONJ
ajfa-10871	38	25	chemicals	chemical	NOUN
ajfa-10871	38	26	industries	industry	NOUN
ajfa-10871	38	27	of	of	ADP
ajfa-10871	38	28	bangladesh	bangladesh	PROPN
ajfa-10871	38	29	.	.	PUNCT
ajfa-10871	39	1	section	section	NOUN
ajfa-10871	39	2	7	7	NUM
ajfa-10871	39	3	consists	consist	VERB
ajfa-10871	39	4	of	of	ADP
ajfa-10871	39	5	empirical	empirical	ADJ
ajfa-10871	39	6	analysis	analysis	NOUN
ajfa-10871	39	7	comprising	comprising	NOUN
ajfa-10871	39	8	of	of	ADP
ajfa-10871	39	9	a	a	DET
ajfa-10871	39	10	number	number	NOUN
ajfa-10871	39	11	of	of	ADP
ajfa-10871	39	12	statistical	statistical	ADJ
ajfa-10871	39	13	analyses	analysis	NOUN
ajfa-10871	39	14	.	.	PUNCT
ajfa-10871	40	1	section	section	NOUN
ajfa-10871	40	2	8	8	NUM
ajfa-10871	40	3	presents	present	VERB
ajfa-10871	40	4	possible	possible	ADJ
ajfa-10871	40	5	contributions	contribution	NOUN
ajfa-10871	40	6	and	and	CCONJ
ajfa-10871	40	7	implications	implication	NOUN
ajfa-10871	40	8	of	of	ADP
ajfa-10871	40	9	the	the	DET
ajfa-10871	40	10	research	research	NOUN
ajfa-10871	40	11	outcome	outcome	NOUN
ajfa-10871	40	12	.	.	PUNCT
ajfa-10871	41	1	section	section	NOUN
ajfa-10871	41	2	9	9	NUM
ajfa-10871	41	3	concludes	conclude	VERB
ajfa-10871	41	4	.	.	PUNCT
ajfa-10871	42	1	section	section	NOUN
ajfa-10871	42	2	10	10	NUM
ajfa-10871	42	3	outlines	outline	VERB
ajfa-10871	42	4	some	some	DET
ajfa-10871	42	5	limitations	limitation	NOUN
ajfa-10871	42	6	of	of	ADP
ajfa-10871	42	7	the	the	DET
ajfa-10871	42	8	study	study	NOUN
ajfa-10871	42	9	as	as	ADV
ajfa-10871	42	10	well	well	ADV
ajfa-10871	42	11	as	as	ADP
ajfa-10871	42	12	probable	probable	ADJ
ajfa-10871	42	13	approaches	approach	NOUN
ajfa-10871	42	14	to	to	ADP
ajfa-10871	42	15	future	future	ADJ
ajfa-10871	42	16	research	research	NOUN
ajfa-10871	42	17	.	.	PUNCT
ajfa-10871	43	1	2	2	X
ajfa-10871	43	2	.	.	X
ajfa-10871	43	3	objective	objective	NOUN
ajfa-10871	43	4	of	of	ADP
ajfa-10871	43	5	the	the	DET
ajfa-10871	43	6	study	study	NOUN
ajfa-10871	43	7	it	it	PRON
ajfa-10871	43	8	is	be	AUX
ajfa-10871	43	9	important	important	ADJ
ajfa-10871	43	10	to	to	PART
ajfa-10871	43	11	ascertain	ascertain	VERB
ajfa-10871	43	12	the	the	DET
ajfa-10871	43	13	factors	factor	NOUN
ajfa-10871	43	14	that	that	PRON
ajfa-10871	43	15	influence	influence	VERB
ajfa-10871	43	16	corporation	corporation	NOUN
ajfa-10871	43	17	's	's	PART
ajfa-10871	43	18	dividend	dividend	NOUN
ajfa-10871	43	19	policy	policy	NOUN
ajfa-10871	43	20	,	,	PUNCT
ajfa-10871	43	21	which	which	PRON
ajfa-10871	43	22	in	in	ADP
ajfa-10871	43	23	turn	turn	NOUN
ajfa-10871	43	24	may	may	AUX
ajfa-10871	43	25	control	control	VERB
ajfa-10871	43	26	the	the	DET
ajfa-10871	43	27	equity	equity	NOUN
ajfa-10871	43	28	investment	investment	NOUN
ajfa-10871	43	29	decisions	decision	NOUN
ajfa-10871	43	30	of	of	ADP
ajfa-10871	43	31	individual	individual	ADJ
ajfa-10871	43	32	investors	investor	NOUN
ajfa-10871	43	33	.	.	PUNCT
ajfa-10871	44	1	an	an	DET
ajfa-10871	44	2	understanding	understanding	NOUN
ajfa-10871	44	3	of	of	ADP
ajfa-10871	44	4	these	these	DET
ajfa-10871	44	5	factors	factor	NOUN
ajfa-10871	44	6	can	can	AUX
ajfa-10871	44	7	dig	dig	VERB
ajfa-10871	44	8	up	up	ADP
ajfa-10871	44	9	investors	investor	NOUN
ajfa-10871	44	10	’	'	PUNCT
ajfa-10871	44	11	notion	notion	NOUN
ajfa-10871	44	12	to	to	ADP
ajfa-10871	44	13	such	such	DET
ajfa-10871	44	14	an	an	DET
ajfa-10871	44	15	extent	extent	NOUN
ajfa-10871	44	16	that	that	PRON
ajfa-10871	44	17	brings	bring	VERB
ajfa-10871	44	18	stability	stability	NOUN
ajfa-10871	44	19	in	in	ADP
ajfa-10871	44	20	their	their	PRON
ajfa-10871	44	21	investment	investment	NOUN
ajfa-10871	44	22	.	.	PUNCT
ajfa-10871	45	1	thus	thus	ADV
ajfa-10871	45	2	,	,	PUNCT
ajfa-10871	45	3	the	the	DET
ajfa-10871	45	4	study	study	NOUN
ajfa-10871	45	5	intended	intend	VERB
ajfa-10871	45	6	to	to	PART
ajfa-10871	45	7	analyze	analyze	VERB
ajfa-10871	45	8	the	the	DET
ajfa-10871	45	9	potential	potential	ADJ
ajfa-10871	45	10	determinants	determinant	NOUN
ajfa-10871	45	11	of	of	ADP
ajfa-10871	45	12	dividend	dividend	NOUN
ajfa-10871	45	13	policy	policy	NOUN
ajfa-10871	45	14	in	in	ADP
ajfa-10871	45	15	the	the	DET
ajfa-10871	45	16	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	45	17	and	and	CCONJ
ajfa-10871	45	18	chemicals	chemical	NOUN
ajfa-10871	45	19	industries	industry	NOUN
ajfa-10871	45	20	of	of	ADP
ajfa-10871	45	21	bangladesh	bangladesh	PROPN
ajfa-10871	45	22	.	.	PUNCT
ajfa-10871	46	1	therefore	therefore	ADV
ajfa-10871	46	2	,	,	PUNCT
ajfa-10871	46	3	the	the	DET
ajfa-10871	46	4	research	research	NOUN
ajfa-10871	46	5	questions	question	NOUN
ajfa-10871	46	6	are	be	AUX
ajfa-10871	46	7	:	:	PUNCT
ajfa-10871	46	8	1	1	X
ajfa-10871	46	9	.	.	X
ajfa-10871	47	1	what	what	PRON
ajfa-10871	47	2	are	be	AUX
ajfa-10871	47	3	the	the	DET
ajfa-10871	47	4	factors	factor	NOUN
ajfa-10871	47	5	(	(	PUNCT
ajfa-10871	47	6	variables	variable	NOUN
ajfa-10871	47	7	)	)	PUNCT
ajfa-10871	47	8	that	that	PRON
ajfa-10871	47	9	specifically	specifically	ADV
ajfa-10871	47	10	affect	affect	VERB
ajfa-10871	47	11	the	the	DET
ajfa-10871	47	12	dividend	dividend	NOUN
ajfa-10871	47	13	policy	policy	NOUN
ajfa-10871	47	14	of	of	ADP
ajfa-10871	47	15	these	these	DET
ajfa-10871	47	16	industries	industry	NOUN
ajfa-10871	47	17	?	?	PUNCT
ajfa-10871	48	1	2	2	X
ajfa-10871	48	2	.	.	X
ajfa-10871	48	3	what	what	PRON
ajfa-10871	48	4	is	be	AUX
ajfa-10871	48	5	the	the	DET
ajfa-10871	48	6	relative	relative	ADJ
ajfa-10871	48	7	importance	importance	NOUN
ajfa-10871	48	8	of	of	ADP
ajfa-10871	48	9	every	every	DET
ajfa-10871	48	10	individual	individual	ADJ
ajfa-10871	48	11	determinant	determinant	ADJ
ajfa-10871	48	12	on	on	ADP
ajfa-10871	48	13	the	the	DET
ajfa-10871	48	14	dividend	dividend	NOUN
ajfa-10871	48	15	payout	payout	NOUN
ajfa-10871	48	16	simultaneously	simultaneously	ADV
ajfa-10871	48	17	?	?	PUNCT
ajfa-10871	49	1	3	3	X
ajfa-10871	49	2	.	.	X
ajfa-10871	49	3	rationale	rationale	NOUN
ajfa-10871	49	4	for	for	ADP
ajfa-10871	49	5	the	the	DET
ajfa-10871	49	6	study	study	NOUN
ajfa-10871	49	7	most	most	ADJ
ajfa-10871	49	8	of	of	ADP
ajfa-10871	49	9	the	the	DET
ajfa-10871	49	10	studies	study	NOUN
ajfa-10871	49	11	conducted	conduct	VERB
ajfa-10871	49	12	so	so	ADV
ajfa-10871	49	13	far	far	ADV
ajfa-10871	49	14	focused	focus	VERB
ajfa-10871	49	15	only	only	ADV
ajfa-10871	49	16	on	on	ADP
ajfa-10871	49	17	the	the	DET
ajfa-10871	49	18	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	49	19	industry	industry	NOUN
ajfa-10871	49	20	,	,	PUNCT
ajfa-10871	49	21	and	and	CCONJ
ajfa-10871	49	22	mainly	mainly	ADV
ajfa-10871	49	23	on	on	ADP
ajfa-10871	49	24	perspectives	perspective	NOUN
ajfa-10871	49	25	such	such	ADJ
ajfa-10871	49	26	as	as	ADP
ajfa-10871	49	27	performance	performance	NOUN
ajfa-10871	49	28	analysis	analysis	NOUN
ajfa-10871	49	29	,	,	PUNCT
ajfa-10871	49	30	problems	problem	NOUN
ajfa-10871	49	31	and	and	CCONJ
ajfa-10871	49	32	prospects	prospect	NOUN
ajfa-10871	49	33	of	of	ADP
ajfa-10871	49	34	the	the	DET
ajfa-10871	49	35	sector	sector	NOUN
ajfa-10871	49	36	,	,	PUNCT
ajfa-10871	49	37	the	the	DET
ajfa-10871	49	38	impact	impact	NOUN
ajfa-10871	49	39	of	of	ADP
ajfa-10871	49	40	trips	trip	NOUN
ajfa-10871	49	41	agreement	agreement	NOUN
ajfa-10871	49	42	,	,	PUNCT
ajfa-10871	49	43	etc	etc	X
ajfa-10871	49	44	.	.	X
ajfa-10871	49	45	dividend	dividend	NOUN
ajfa-10871	49	46	policy	policy	NOUN
ajfa-10871	49	47	of	of	ADP
ajfa-10871	49	48	an	an	DET
ajfa-10871	49	49	industry	industry	NOUN
ajfa-10871	49	50	,	,	PUNCT
ajfa-10871	49	51	however	however	ADV
ajfa-10871	49	52	,	,	PUNCT
ajfa-10871	49	53	concentrates	concentrate	VERB
ajfa-10871	49	54	on	on	ADP
ajfa-10871	49	55	the	the	DET
ajfa-10871	49	56	determination	determination	NOUN
ajfa-10871	49	57	of	of	ADP
ajfa-10871	49	58	level	level	NOUN
ajfa-10871	49	59	of	of	ADP
ajfa-10871	49	60	dividends	dividend	NOUN
ajfa-10871	49	61	for	for	ADP
ajfa-10871	49	62	its	its	PRON
ajfa-10871	49	63	shareholders	shareholder	NOUN
ajfa-10871	49	64	.	.	PUNCT
ajfa-10871	50	1	thus	thus	ADV
ajfa-10871	50	2	,	,	PUNCT
ajfa-10871	50	3	an	an	DET
ajfa-10871	50	4	understanding	understanding	NOUN
ajfa-10871	50	5	of	of	ADP
ajfa-10871	50	6	the	the	DET
ajfa-10871	50	7	dividend	dividend	NOUN
ajfa-10871	50	8	policy	policy	NOUN
ajfa-10871	50	9	of	of	ADP
ajfa-10871	50	10	a	a	DET
ajfa-10871	50	11	particular	particular	ADJ
ajfa-10871	50	12	industry	industry	NOUN
ajfa-10871	50	13	bears	bear	VERB
ajfa-10871	50	14	significance	significance	NOUN
ajfa-10871	50	15	for	for	ADP
ajfa-10871	50	16	the	the	DET
ajfa-10871	50	17	stock	stock	NOUN
ajfa-10871	50	18	market	market	NOUN
ajfa-10871	50	19	investors	investor	NOUN
ajfa-10871	50	20	.	.	PUNCT
ajfa-10871	51	1	nevertheless	nevertheless	ADV
ajfa-10871	51	2	,	,	PUNCT
ajfa-10871	51	3	very	very	ADV
ajfa-10871	51	4	few	few	ADJ
ajfa-10871	51	5	studies	study	NOUN
ajfa-10871	51	6	have	have	AUX
ajfa-10871	51	7	been	be	AUX
ajfa-10871	51	8	conducted	conduct	VERB
ajfa-10871	51	9	on	on	ADP
ajfa-10871	51	10	the	the	DET
ajfa-10871	51	11	dividend	dividend	NOUN
ajfa-10871	51	12	policy	policy	NOUN
ajfa-10871	51	13	of	of	ADP
ajfa-10871	51	14	corporations	corporation	NOUN
ajfa-10871	51	15	of	of	ADP
ajfa-10871	51	16	bangladesh	bangladesh	NOUN
ajfa-10871	51	17	,	,	PUNCT
ajfa-10871	51	18	especially	especially	ADV
ajfa-10871	51	19	for	for	ADP
ajfa-10871	51	20	capital	capital	NOUN
ajfa-10871	51	21	market	market	NOUN
ajfa-10871	51	22	investors	investor	NOUN
ajfa-10871	51	23	.	.	PUNCT
ajfa-10871	52	1	this	this	DET
ajfa-10871	52	2	study	study	NOUN
ajfa-10871	52	3	concentrated	concentrate	VERB
ajfa-10871	52	4	utterly	utterly	ADV
ajfa-10871	52	5	on	on	ADP
ajfa-10871	52	6	the	the	DET
ajfa-10871	52	7	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	52	8	and	and	CCONJ
ajfa-10871	52	9	chemicals	chemical	NOUN
ajfa-10871	52	10	industries	industry	NOUN
ajfa-10871	52	11	of	of	ADP
ajfa-10871	52	12	bangladesh	bangladesh	NOUN
ajfa-10871	52	13	in	in	ADP
ajfa-10871	52	14	order	order	NOUN
ajfa-10871	52	15	to	to	PART
ajfa-10871	52	16	identify	identify	VERB
ajfa-10871	52	17	the	the	DET
ajfa-10871	52	18	relative	relative	ADJ
ajfa-10871	52	19	significance	significance	NOUN
ajfa-10871	52	20	of	of	ADP
ajfa-10871	52	21	some	some	DET
ajfa-10871	52	22	recognized	recognize	VERB
ajfa-10871	52	23	factors	factor	NOUN
ajfa-10871	52	24	that	that	PRON
ajfa-10871	52	25	affect	affect	VERB
ajfa-10871	52	26	dividend	dividend	NOUN
ajfa-10871	52	27	policy	policy	NOUN
ajfa-10871	52	28	.	.	PUNCT
ajfa-10871	53	1	this	this	DET
ajfa-10871	53	2	research	research	NOUN
ajfa-10871	53	3	will	will	AUX
ajfa-10871	53	4	instill	instill	VERB
ajfa-10871	53	5	value	value	NOUN
ajfa-10871	53	6	to	to	ADP
ajfa-10871	53	7	the	the	DET
ajfa-10871	53	8	existing	exist	VERB
ajfa-10871	53	9	financial	financial	ADJ
ajfa-10871	53	10	literature	literature	NOUN
ajfa-10871	53	11	in	in	ADP
ajfa-10871	53	12	bangladesh	bangladesh	NOUN
ajfa-10871	53	13	,	,	PUNCT
ajfa-10871	53	14	especially	especially	ADV
ajfa-10871	53	15	in	in	ADP
ajfa-10871	53	16	the	the	DET
ajfa-10871	53	17	context	context	NOUN
ajfa-10871	53	18	of	of	ADP
ajfa-10871	53	19	corporate	corporate	ADJ
ajfa-10871	53	20	dividend	dividend	NOUN
ajfa-10871	53	21	policy	policy	NOUN
ajfa-10871	53	22	.	.	PUNCT
ajfa-10871	54	1	from	from	ADP
ajfa-10871	54	2	this	this	DET
ajfa-10871	54	3	research	research	NOUN
ajfa-10871	54	4	,	,	PUNCT
ajfa-10871	54	5	stock	stock	NOUN
ajfa-10871	54	6	market	market	NOUN
ajfa-10871	54	7	investors	investor	NOUN
ajfa-10871	54	8	can	can	AUX
ajfa-10871	54	9	enlighten	enlighten	VERB
ajfa-10871	54	10	themselves	themselves	PRON
ajfa-10871	54	11	with	with	ADP
ajfa-10871	54	12	the	the	DET
ajfa-10871	54	13	understanding	understanding	NOUN
ajfa-10871	54	14	of	of	ADP
ajfa-10871	54	15	the	the	DET
ajfa-10871	54	16	factors	factor	NOUN
ajfa-10871	54	17	that	that	PRON
ajfa-10871	54	18	should	should	AUX
ajfa-10871	54	19	methodically	methodically	ADV
ajfa-10871	54	20	influence	influence	VERB
ajfa-10871	54	21	a	a	DET
ajfa-10871	54	22	firm	firm	NOUN
ajfa-10871	54	23	's	's	PART
ajfa-10871	54	24	dividend	dividend	NOUN
ajfa-10871	54	25	policy	policy	NOUN
ajfa-10871	54	26	in	in	ADP
ajfa-10871	54	27	the	the	DET
ajfa-10871	54	28	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	54	29	and	and	CCONJ
ajfa-10871	54	30	chemicals	chemical	NOUN
ajfa-10871	54	31	industries	industry	NOUN
ajfa-10871	54	32	in	in	ADP
ajfa-10871	54	33	bangladesh	bangladesh	NOUN
ajfa-10871	54	34	.	.	PUNCT
ajfa-10871	55	1	thus	thus	ADV
ajfa-10871	55	2	,	,	PUNCT
ajfa-10871	55	3	the	the	DET
ajfa-10871	55	4	study	study	NOUN
ajfa-10871	55	5	has	have	VERB
ajfa-10871	55	6	important	important	ADJ
ajfa-10871	55	7	implications	implication	NOUN
ajfa-10871	55	8	for	for	ADP
ajfa-10871	55	9	the	the	DET
ajfa-10871	55	10	improvement	improvement	NOUN
ajfa-10871	55	11	of	of	ADP
ajfa-10871	55	12	investors	investor	NOUN
ajfa-10871	55	13	'	'	PART
ajfa-10871	55	14	perceptions	perception	NOUN
ajfa-10871	55	15	,	,	PUNCT
ajfa-10871	55	16	which	which	PRON
ajfa-10871	55	17	may	may	AUX
ajfa-10871	55	18	assist	assist	VERB
ajfa-10871	55	19	them	they	PRON
ajfa-10871	55	20	in	in	ADP
ajfa-10871	55	21	their	their	PRON
ajfa-10871	55	22	capital	capital	NOUN
ajfa-10871	55	23	market	market	NOUN
ajfa-10871	55	24	investment	investment	NOUN
ajfa-10871	55	25	decisions	decision	NOUN
ajfa-10871	55	26	.	.	PUNCT
ajfa-10871	56	1	the	the	DET
ajfa-10871	56	2	study	study	NOUN
ajfa-10871	56	3	is	be	AUX
ajfa-10871	56	4	also	also	ADV
ajfa-10871	56	5	expected	expect	VERB
ajfa-10871	56	6	to	to	PART
ajfa-10871	56	7	offer	offer	VERB
ajfa-10871	56	8	an	an	DET
ajfa-10871	56	9	opportunity	opportunity	NOUN
ajfa-10871	56	10	to	to	ADP
ajfa-10871	56	11	the	the	DET
ajfa-10871	56	12	respective	respective	ADJ
ajfa-10871	56	13	company	company	NOUN
ajfa-10871	56	14	'	'	PART
ajfa-10871	56	15	management	management	NOUN
ajfa-10871	56	16	,	,	PUNCT
ajfa-10871	56	17	capital	capital	NOUN
ajfa-10871	56	18	market	market	NOUN
ajfa-10871	56	19	regulators	regulator	NOUN
ajfa-10871	56	20	,	,	PUNCT
ajfa-10871	56	21	stock	stock	NOUN
ajfa-10871	56	22	brokers	broker	NOUN
ajfa-10871	56	23	and	and	CCONJ
ajfa-10871	56	24	dealers	dealer	NOUN
ajfa-10871	56	25	,	,	PUNCT
ajfa-10871	56	26	researches	research	NOUN
ajfa-10871	56	27	,	,	PUNCT
ajfa-10871	56	28	etc	etc	X
ajfa-10871	56	29	.	.	X
ajfa-10871	56	30	to	to	PART
ajfa-10871	56	31	apply	apply	VERB
ajfa-10871	56	32	the	the	DET
ajfa-10871	56	33	knowledge	knowledge	NOUN
ajfa-10871	56	34	of	of	ADP
ajfa-10871	56	35	the	the	DET
ajfa-10871	56	36	research	research	NOUN
ajfa-10871	56	37	findings	finding	NOUN
ajfa-10871	56	38	in	in	ADP
ajfa-10871	56	39	their	their	PRON
ajfa-10871	56	40	respective	respective	ADJ
ajfa-10871	56	41	work	work	NOUN
ajfa-10871	56	42	arena	arena	NOUN
ajfa-10871	56	43	.	.	PUNCT
ajfa-10871	57	1	asian	asian	ADJ
ajfa-10871	57	2	journal	journal	PROPN
ajfa-10871	57	3	of	of	ADP
ajfa-10871	57	4	finance	finance	PROPN
ajfa-10871	57	5	&	&	CCONJ
ajfa-10871	57	6	accounting	accounting	PROPN
ajfa-10871	57	7	issn	issn	PROPN
ajfa-10871	57	8	1946	1946	NUM
ajfa-10871	57	9	-	-	PUNCT
ajfa-10871	57	10	052x	052x	PROPN
ajfa-10871	57	11	2017	2017	NUM
ajfa-10871	57	12	,	,	PUNCT
ajfa-10871	57	13	vol	vol	NOUN
ajfa-10871	57	14	.	.	NOUN
ajfa-10871	57	15	9	9	NUM
ajfa-10871	57	16	,	,	PUNCT
ajfa-10871	57	17	no	no	INTJ
ajfa-10871	57	18	.	.	NOUN
ajfa-10871	57	19	1	1	NUM
ajfa-10871	57	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	57	21	170	170	NUM
ajfa-10871	57	22	4	4	NUM
ajfa-10871	57	23	.	.	PUNCT
ajfa-10871	57	24	literature	literature	NOUN
ajfa-10871	57	25	review	review	PROPN
ajfa-10871	57	26	dividend	dividend	NOUN
ajfa-10871	57	27	policy	policy	NOUN
ajfa-10871	57	28	decision	decision	NOUN
ajfa-10871	57	29	is	be	AUX
ajfa-10871	57	30	one	one	NUM
ajfa-10871	57	31	of	of	ADP
ajfa-10871	57	32	the	the	DET
ajfa-10871	57	33	most	most	ADV
ajfa-10871	57	34	controversial	controversial	ADJ
ajfa-10871	57	35	concerns	concern	NOUN
ajfa-10871	57	36	in	in	ADP
ajfa-10871	57	37	modern	modern	ADJ
ajfa-10871	57	38	corporate	corporate	ADJ
ajfa-10871	57	39	finance	finance	NOUN
ajfa-10871	57	40	.	.	PUNCT
ajfa-10871	58	1	as	as	SCONJ
ajfa-10871	58	2	stated	state	VERB
ajfa-10871	58	3	by	by	ADP
ajfa-10871	58	4	black	black	ADJ
ajfa-10871	58	5	(	(	PUNCT
ajfa-10871	58	6	1976	1976	NUM
ajfa-10871	58	7	)	)	PUNCT
ajfa-10871	58	8	,	,	PUNCT
ajfa-10871	58	9	"	"	PUNCT
ajfa-10871	58	10	the	the	PRON
ajfa-10871	58	11	harder	hard	ADJ
ajfa-10871	58	12	we	we	PRON
ajfa-10871	58	13	look	look	VERB
ajfa-10871	58	14	at	at	ADP
ajfa-10871	58	15	dividend	dividend	NOUN
ajfa-10871	58	16	,	,	PUNCT
ajfa-10871	58	17	the	the	PRON
ajfa-10871	58	18	more	more	ADV
ajfa-10871	58	19	it	it	PRON
ajfa-10871	58	20	seems	seem	VERB
ajfa-10871	58	21	like	like	ADP
ajfa-10871	58	22	a	a	DET
ajfa-10871	58	23	puzzle	puzzle	NOUN
ajfa-10871	58	24	with	with	ADP
ajfa-10871	58	25	pieces	piece	NOUN
ajfa-10871	58	26	that	that	PRON
ajfa-10871	58	27	just	just	ADV
ajfa-10871	58	28	do	do	AUX
ajfa-10871	58	29	n’t	not	PART
ajfa-10871	58	30	fit	fit	VERB
ajfa-10871	58	31	together	together	ADV
ajfa-10871	58	32	.	.	PUNCT
ajfa-10871	58	33	"	"	PUNCT
ajfa-10871	59	1	according	accord	VERB
ajfa-10871	59	2	to	to	ADP
ajfa-10871	59	3	saravanakumar	saravanakumar	PROPN
ajfa-10871	59	4	(	(	PUNCT
ajfa-10871	59	5	2011	2011	NUM
ajfa-10871	59	6	)	)	PUNCT
ajfa-10871	59	7	,	,	PUNCT
ajfa-10871	59	8	dividend	dividend	NOUN
ajfa-10871	59	9	declaration	declaration	NOUN
ajfa-10871	59	10	is	be	AUX
ajfa-10871	59	11	a	a	DET
ajfa-10871	59	12	critical	critical	ADJ
ajfa-10871	59	13	decision	decision	NOUN
ajfa-10871	59	14	,	,	PUNCT
ajfa-10871	59	15	and	and	CCONJ
ajfa-10871	59	16	dividends	dividend	NOUN
ajfa-10871	59	17	play	play	VERB
ajfa-10871	59	18	a	a	DET
ajfa-10871	59	19	vital	vital	ADJ
ajfa-10871	59	20	role	role	NOUN
ajfa-10871	59	21	in	in	ADP
ajfa-10871	59	22	influencing	influence	VERB
ajfa-10871	59	23	the	the	DET
ajfa-10871	59	24	growth	growth	NOUN
ajfa-10871	59	25	of	of	ADP
ajfa-10871	59	26	the	the	DET
ajfa-10871	59	27	company	company	NOUN
ajfa-10871	59	28	through	through	ADP
ajfa-10871	59	29	retained	retain	VERB
ajfa-10871	59	30	earnings	earning	NOUN
ajfa-10871	59	31	and	and	CCONJ
ajfa-10871	59	32	market	market	NOUN
ajfa-10871	59	33	value	value	NOUN
ajfa-10871	59	34	of	of	ADP
ajfa-10871	59	35	the	the	DET
ajfa-10871	59	36	equity	equity	NOUN
ajfa-10871	59	37	shares	share	NOUN
ajfa-10871	59	38	.	.	PUNCT
ajfa-10871	60	1	a	a	DET
ajfa-10871	60	2	number	number	NOUN
ajfa-10871	60	3	of	of	ADP
ajfa-10871	60	4	studies	study	NOUN
ajfa-10871	60	5	have	have	AUX
ajfa-10871	60	6	been	be	AUX
ajfa-10871	60	7	carried	carry	VERB
ajfa-10871	60	8	out	out	ADP
ajfa-10871	60	9	on	on	ADP
ajfa-10871	60	10	dividend	dividend	NOUN
ajfa-10871	60	11	policy	policy	NOUN
ajfa-10871	60	12	so	so	ADV
ajfa-10871	60	13	far	far	ADV
ajfa-10871	60	14	in	in	ADP
ajfa-10871	60	15	different	different	ADJ
ajfa-10871	60	16	countries	country	NOUN
ajfa-10871	60	17	of	of	ADP
ajfa-10871	60	18	the	the	DET
ajfa-10871	60	19	world	world	NOUN
ajfa-10871	60	20	(	(	PUNCT
ajfa-10871	60	21	agyei	agyei	ADJ
ajfa-10871	60	22	and	and	CCONJ
ajfa-10871	60	23	marfo	marfo	ADJ
ajfa-10871	60	24	-	-	PUNCT
ajfa-10871	60	25	yiadom	yiadom	NOUN
ajfa-10871	60	26	,	,	PUNCT
ajfa-10871	60	27	2011	2011	NUM
ajfa-10871	60	28	;	;	PUNCT
ajfa-10871	60	29	ahmed	ahmed	PROPN
ajfa-10871	60	30	and	and	CCONJ
ajfa-10871	60	31	javid	javid	PROPN
ajfa-10871	60	32	,	,	PUNCT
ajfa-10871	60	33	2008	2008	NUM
ajfa-10871	60	34	;	;	PUNCT
ajfa-10871	60	35	al‐deehani	al‐deehani	PROPN
ajfa-10871	60	36	,	,	PUNCT
ajfa-10871	60	37	2003	2003	NUM
ajfa-10871	60	38	;	;	PUNCT
ajfa-10871	60	39	al	al	PROPN
ajfa-10871	60	40	-	-	PUNCT
ajfa-10871	60	41	malkawi	malkawi	PROPN
ajfa-10871	60	42	,	,	PUNCT
ajfa-10871	60	43	rafferty	rafferty	PROPN
ajfa-10871	60	44	,	,	PUNCT
ajfa-10871	60	45	and	and	CCONJ
ajfa-10871	60	46	pillai	pillai	PROPN
ajfa-10871	60	47	,	,	PUNCT
ajfa-10871	60	48	2010	2010	NUM
ajfa-10871	60	49	;	;	PUNCT
ajfa-10871	60	50	almazan	almazan	PROPN
ajfa-10871	60	51	,	,	PUNCT
ajfa-10871	60	52	et	et	PROPN
ajfa-10871	60	53	al	al	PROPN
ajfa-10871	60	54	.	.	PROPN
ajfa-10871	60	55	,	,	PUNCT
ajfa-10871	60	56	2010	2010	NUM
ajfa-10871	60	57	;	;	PUNCT
ajfa-10871	60	58	amidu	amidu	ADJ
ajfa-10871	60	59	and	and	CCONJ
ajfa-10871	60	60	abor	abor	NOUN
ajfa-10871	60	61	,	,	PUNCT
ajfa-10871	60	62	2006	2006	NUM
ajfa-10871	60	63	;	;	PUNCT
ajfa-10871	60	64	anand	anand	PROPN
ajfa-10871	60	65	,	,	PUNCT
ajfa-10871	60	66	2004	2004	NUM
ajfa-10871	60	67	;	;	PUNCT
ajfa-10871	60	68	anil	anil	PROPN
ajfa-10871	60	69	and	and	CCONJ
ajfa-10871	60	70	kapoor	kapoor	PROPN
ajfa-10871	60	71	,	,	PUNCT
ajfa-10871	60	72	2008	2008	NUM
ajfa-10871	60	73	;	;	PUNCT
ajfa-10871	60	74	arnott	arnott	PROPN
ajfa-10871	60	75	&	&	CCONJ
ajfa-10871	60	76	asness	asness	PROPN
ajfa-10871	60	77	2003	2003	NUM
ajfa-10871	60	78	;	;	PUNCT
ajfa-10871	60	79	baker	baker	PROPN
ajfa-10871	60	80	,	,	PUNCT
ajfa-10871	60	81	farrelly	farrelly	NOUN
ajfa-10871	60	82	and	and	CCONJ
ajfa-10871	60	83	edelman	edelman	NOUN
ajfa-10871	60	84	,	,	PUNCT
ajfa-10871	60	85	1985	1985	NUM
ajfa-10871	60	86	;	;	PUNCT
ajfa-10871	60	87	baker	baker	PROPN
ajfa-10871	60	88	and	and	CCONJ
ajfa-10871	60	89	powell	powell	PROPN
ajfa-10871	60	90	,	,	PUNCT
ajfa-10871	60	91	2000	2000	NUM
ajfa-10871	60	92	;	;	PUNCT
ajfa-10871	60	93	chen	chen	PROPN
ajfa-10871	60	94	and	and	CCONJ
ajfa-10871	60	95	dhiensiri	dhiensiri	PROPN
ajfa-10871	60	96	,	,	PUNCT
ajfa-10871	60	97	2009	2009	NUM
ajfa-10871	60	98	;	;	PUNCT
ajfa-10871	60	99	farsio	farsio	NOUN
ajfa-10871	60	100	,	,	PUNCT
ajfa-10871	60	101	geary	geary	NOUN
ajfa-10871	60	102	,	,	PUNCT
ajfa-10871	60	103	and	and	CCONJ
ajfa-10871	60	104	moser	moser	PROPN
ajfa-10871	60	105	,	,	PUNCT
ajfa-10871	60	106	2004	2004	NUM
ajfa-10871	60	107	;	;	PUNCT
ajfa-10871	60	108	gillet	gillet	NOUN
ajfa-10871	60	109	,	,	PUNCT
ajfa-10871	60	110	lapointe	lapointe	PROPN
ajfa-10871	60	111	,	,	PUNCT
ajfa-10871	60	112	and	and	CCONJ
ajfa-10871	60	113	raimbourg	raimbourg	PROPN
ajfa-10871	60	114	,	,	PUNCT
ajfa-10871	60	115	2008	2008	NUM
ajfa-10871	60	116	;	;	PUNCT
ajfa-10871	60	117	pandey	pandey	PROPN
ajfa-10871	60	118	,	,	PUNCT
ajfa-10871	60	119	2003	2003	NUM
ajfa-10871	60	120	)	)	PUNCT
ajfa-10871	60	121	.	.	PUNCT
ajfa-10871	61	1	alli	alli	PROPN
ajfa-10871	61	2	,	,	PUNCT
ajfa-10871	61	3	khan	khan	PROPN
ajfa-10871	61	4	and	and	CCONJ
ajfa-10871	61	5	ramirez	ramirez	PROPN
ajfa-10871	61	6	(	(	PUNCT
ajfa-10871	61	7	1993	1993	NUM
ajfa-10871	61	8	)	)	PUNCT
ajfa-10871	61	9	supported	support	VERB
ajfa-10871	61	10	the	the	DET
ajfa-10871	61	11	residual	residual	ADJ
ajfa-10871	61	12	theory	theory	NOUN
ajfa-10871	61	13	of	of	ADP
ajfa-10871	61	14	dividends	dividend	NOUN
ajfa-10871	61	15	,	,	PUNCT
ajfa-10871	61	16	pecking	pecking	NOUN
ajfa-10871	61	17	order	order	NOUN
ajfa-10871	61	18	argument	argument	NOUN
ajfa-10871	61	19	,	,	PUNCT
ajfa-10871	61	20	tax	tax	NOUN
ajfa-10871	61	21	clientele	clientele	PROPN
ajfa-10871	61	22	argument	argument	NOUN
ajfa-10871	61	23	,	,	PUNCT
ajfa-10871	61	24	and	and	CCONJ
ajfa-10871	61	25	the	the	DET
ajfa-10871	61	26	function	function	NOUN
ajfa-10871	61	27	of	of	ADP
ajfa-10871	61	28	dividends	dividend	NOUN
ajfa-10871	61	29	in	in	ADP
ajfa-10871	61	30	reducing	reduce	VERB
ajfa-10871	61	31	the	the	DET
ajfa-10871	61	32	agency	agency	NOUN
ajfa-10871	61	33	cost	cost	NOUN
ajfa-10871	61	34	.	.	PUNCT
ajfa-10871	62	1	however	however	ADV
ajfa-10871	62	2	,	,	PUNCT
ajfa-10871	62	3	the	the	DET
ajfa-10871	62	4	study	study	NOUN
ajfa-10871	62	5	of	of	ADP
ajfa-10871	62	6	denis	denis	PROPN
ajfa-10871	62	7	and	and	CCONJ
ajfa-10871	62	8	osobov	osobov	PROPN
ajfa-10871	62	9	(	(	PUNCT
ajfa-10871	62	10	2008	2008	NUM
ajfa-10871	62	11	)	)	PUNCT
ajfa-10871	62	12	highlighted	highlight	VERB
ajfa-10871	62	13	the	the	DET
ajfa-10871	62	14	agency	agency	NOUN
ajfa-10871	62	15	cost	cost	NOUN
ajfa-10871	62	16	-	-	PUNCT
ajfa-10871	62	17	based	base	VERB
ajfa-10871	62	18	lifecycle	lifecycle	NOUN
ajfa-10871	62	19	theories	theory	NOUN
ajfa-10871	62	20	but	but	CCONJ
ajfa-10871	62	21	kept	keep	VERB
ajfa-10871	62	22	reservation	reservation	NOUN
ajfa-10871	62	23	on	on	ADP
ajfa-10871	62	24	signaling	signal	VERB
ajfa-10871	62	25	,	,	PUNCT
ajfa-10871	62	26	clientele	clientele	NOUN
ajfa-10871	62	27	,	,	PUNCT
ajfa-10871	62	28	and	and	CCONJ
ajfa-10871	62	29	catering	catering	NOUN
ajfa-10871	62	30	explanations	explanation	NOUN
ajfa-10871	62	31	for	for	ADP
ajfa-10871	62	32	dividends	dividend	NOUN
ajfa-10871	62	33	.	.	PUNCT
ajfa-10871	63	1	according	accord	VERB
ajfa-10871	63	2	to	to	ADP
ajfa-10871	63	3	the	the	DET
ajfa-10871	63	4	demonstration	demonstration	NOUN
ajfa-10871	63	5	of	of	ADP
ajfa-10871	63	6	hardin	hardin	PROPN
ajfa-10871	63	7	and	and	CCONJ
ajfa-10871	63	8	hill	hill	PROPN
ajfa-10871	63	9	(	(	PUNCT
ajfa-10871	63	10	2008	2008	NUM
ajfa-10871	63	11	)	)	PUNCT
ajfa-10871	63	12	,	,	PUNCT
ajfa-10871	63	13	higher	high	ADJ
ajfa-10871	63	14	dividend	dividend	NOUN
ajfa-10871	63	15	payment	payment	NOUN
ajfa-10871	63	16	can	can	AUX
ajfa-10871	63	17	contribute	contribute	VERB
ajfa-10871	63	18	towards	towards	ADP
ajfa-10871	63	19	reducing	reduce	VERB
ajfa-10871	63	20	agency	agency	NOUN
ajfa-10871	63	21	costs	cost	NOUN
ajfa-10871	63	22	,	,	PUNCT
ajfa-10871	63	23	reinforcing	reinforce	VERB
ajfa-10871	63	24	operating	operating	NOUN
ajfa-10871	63	25	performance	performance	NOUN
ajfa-10871	63	26	,	,	PUNCT
ajfa-10871	63	27	executing	execute	VERB
ajfa-10871	63	28	a	a	DET
ajfa-10871	63	29	stock	stock	NOUN
ajfa-10871	63	30	repurchase	repurchase	NOUN
ajfa-10871	63	31	plan	plan	NOUN
ajfa-10871	63	32	and	and	CCONJ
ajfa-10871	63	33	assisting	assist	VERB
ajfa-10871	63	34	the	the	DET
ajfa-10871	63	35	access	access	NOUN
ajfa-10871	63	36	to	to	ADP
ajfa-10871	63	37	short	short	ADJ
ajfa-10871	63	38	-	-	PUNCT
ajfa-10871	63	39	term	term	NOUN
ajfa-10871	63	40	bank	bank	NOUN
ajfa-10871	63	41	debt	debt	NOUN
ajfa-10871	63	42	.	.	PUNCT
ajfa-10871	64	1	researches	research	NOUN
ajfa-10871	64	2	intended	intend	VERB
ajfa-10871	64	3	to	to	PART
ajfa-10871	64	4	identify	identify	VERB
ajfa-10871	64	5	the	the	DET
ajfa-10871	64	6	expected	expect	VERB
ajfa-10871	64	7	influence	influence	NOUN
ajfa-10871	64	8	of	of	ADP
ajfa-10871	64	9	variables	variable	NOUN
ajfa-10871	64	10	on	on	ADP
ajfa-10871	64	11	the	the	DET
ajfa-10871	64	12	dividend	dividend	NOUN
ajfa-10871	64	13	policy	policy	NOUN
ajfa-10871	64	14	of	of	ADP
ajfa-10871	64	15	firms	firm	NOUN
ajfa-10871	64	16	listed	list	VERB
ajfa-10871	64	17	in	in	ADP
ajfa-10871	64	18	different	different	ADJ
ajfa-10871	64	19	stock	stock	NOUN
ajfa-10871	64	20	exchanges	exchange	NOUN
ajfa-10871	64	21	(	(	PUNCT
ajfa-10871	64	22	al	al	PROPN
ajfa-10871	64	23	-	-	PUNCT
ajfa-10871	64	24	twairjy	twairjy	NOUN
ajfa-10871	64	25	,	,	PUNCT
ajfa-10871	64	26	2007	2007	NUM
ajfa-10871	64	27	;	;	PUNCT
ajfa-10871	64	28	baker	baker	PROPN
ajfa-10871	64	29	,	,	PUNCT
ajfa-10871	64	30	rafique	rafique	PROPN
ajfa-10871	64	31	,	,	PUNCT
ajfa-10871	64	32	2012	2012	NUM
ajfa-10871	64	33	;	;	PUNCT
ajfa-10871	64	34	kim	kim	PROPN
ajfa-10871	64	35	and	and	CCONJ
ajfa-10871	64	36	wonsiksul	wonsiksul	PROPN
ajfa-10871	64	37	,	,	PUNCT
ajfa-10871	64	38	2010	2010	NUM
ajfa-10871	64	39	;	;	PUNCT
ajfa-10871	64	40	veit	veit	PROPN
ajfa-10871	64	41	and	and	CCONJ
ajfa-10871	64	42	powell	powell	PROPN
ajfa-10871	64	43	,	,	PUNCT
ajfa-10871	64	44	2001	2001	NUM
ajfa-10871	64	45	)	)	PUNCT
ajfa-10871	64	46	.	.	PUNCT
ajfa-10871	65	1	the	the	DET
ajfa-10871	65	2	research	research	NOUN
ajfa-10871	65	3	of	of	ADP
ajfa-10871	65	4	moradi	moradi	NOUN
ajfa-10871	65	5	,	,	PUNCT
ajfa-10871	65	6	salehi	salehi	PROPN
ajfa-10871	65	7	&	&	CCONJ
ajfa-10871	65	8	honarmand	honarmand	PROPN
ajfa-10871	65	9	(	(	PUNCT
ajfa-10871	65	10	2010	2010	NUM
ajfa-10871	65	11	)	)	PUNCT
ajfa-10871	65	12	on	on	ADP
ajfa-10871	65	13	all	all	DET
ajfa-10871	65	14	listed	list	VERB
ajfa-10871	65	15	companies	company	NOUN
ajfa-10871	65	16	in	in	ADP
ajfa-10871	65	17	the	the	DET
ajfa-10871	65	18	tehran	tehran	PROPN
ajfa-10871	65	19	stock	stock	PROPN
ajfa-10871	65	20	exchange	exchange	PROPN
ajfa-10871	65	21	revealed	reveal	VERB
ajfa-10871	65	22	a	a	DET
ajfa-10871	65	23	positive	positive	ADJ
ajfa-10871	65	24	relationship	relationship	NOUN
ajfa-10871	65	25	of	of	ADP
ajfa-10871	65	26	dividend	dividend	NOUN
ajfa-10871	65	27	with	with	ADP
ajfa-10871	65	28	profitability	profitability	NOUN
ajfa-10871	65	29	;	;	PUNCT
ajfa-10871	65	30	and	and	CCONJ
ajfa-10871	65	31	a	a	DET
ajfa-10871	65	32	negative	negative	ADJ
ajfa-10871	65	33	relationship	relationship	NOUN
ajfa-10871	65	34	of	of	ADP
ajfa-10871	65	35	dividend	dividend	NOUN
ajfa-10871	65	36	with	with	ADP
ajfa-10871	65	37	p	p	X
ajfa-10871	65	38	/	/	SYM
ajfa-10871	65	39	e	e	NOUN
ajfa-10871	65	40	,	,	PUNCT
ajfa-10871	65	41	beta	beta	ADJ
ajfa-10871	65	42	rate	rate	NOUN
ajfa-10871	65	43	and	and	CCONJ
ajfa-10871	65	44	debt	debt	NOUN
ajfa-10871	65	45	ratio	ratio	NOUN
ajfa-10871	65	46	.	.	PUNCT
ajfa-10871	66	1	in	in	ADP
ajfa-10871	66	2	another	another	DET
ajfa-10871	66	3	study	study	NOUN
ajfa-10871	66	4	,	,	PUNCT
ajfa-10871	66	5	kumar	kumar	PROPN
ajfa-10871	66	6	and	and	CCONJ
ajfa-10871	66	7	jha	jha	PROPN
ajfa-10871	66	8	(	(	PUNCT
ajfa-10871	66	9	2012	2012	NUM
ajfa-10871	66	10	)	)	PUNCT
ajfa-10871	66	11	worked	work	VERB
ajfa-10871	66	12	on	on	ADP
ajfa-10871	66	13	the	the	DET
ajfa-10871	66	14	indian	indian	ADJ
ajfa-10871	66	15	information	information	NOUN
ajfa-10871	66	16	technology	technology	NOUN
ajfa-10871	66	17	sector	sector	NOUN
ajfa-10871	66	18	listed	list	VERB
ajfa-10871	66	19	at	at	ADP
ajfa-10871	66	20	bombay	bombay	PROPN
ajfa-10871	66	21	stock	stock	PROPN
ajfa-10871	66	22	exchange	exchange	PROPN
ajfa-10871	66	23	(	(	PUNCT
ajfa-10871	66	24	bse	bse	PROPN
ajfa-10871	66	25	)	)	PUNCT
ajfa-10871	66	26	and	and	CCONJ
ajfa-10871	66	27	found	find	VERB
ajfa-10871	66	28	that	that	SCONJ
ajfa-10871	66	29	net	net	ADJ
ajfa-10871	66	30	profit	profit	NOUN
ajfa-10871	66	31	after	after	ADP
ajfa-10871	66	32	tax	tax	NOUN
ajfa-10871	66	33	,	,	PUNCT
ajfa-10871	66	34	cash	cash	NOUN
ajfa-10871	66	35	flow	flow	NOUN
ajfa-10871	66	36	and	and	CCONJ
ajfa-10871	66	37	amount	amount	NOUN
ajfa-10871	66	38	of	of	ADP
ajfa-10871	66	39	depreciation	depreciation	NOUN
ajfa-10871	66	40	charged	charge	VERB
ajfa-10871	66	41	have	have	VERB
ajfa-10871	66	42	significant	significant	ADJ
ajfa-10871	66	43	impact	impact	NOUN
ajfa-10871	66	44	on	on	ADP
ajfa-10871	66	45	the	the	DET
ajfa-10871	66	46	equity	equity	NOUN
ajfa-10871	66	47	dividend	dividend	NOUN
ajfa-10871	66	48	.	.	PUNCT
ajfa-10871	67	1	besides	besides	SCONJ
ajfa-10871	67	2	,	,	PUNCT
ajfa-10871	67	3	zameer	zameer	NOUN
ajfa-10871	67	4	,	,	PUNCT
ajfa-10871	67	5	et	et	PROPN
ajfa-10871	67	6	al	al	PROPN
ajfa-10871	67	7	(	(	PUNCT
ajfa-10871	67	8	2013	2013	NUM
ajfa-10871	67	9	)	)	PUNCT
ajfa-10871	67	10	studied	study	VERB
ajfa-10871	67	11	a	a	DET
ajfa-10871	67	12	sample	sample	NOUN
ajfa-10871	67	13	of	of	ADP
ajfa-10871	67	14	27	27	NUM
ajfa-10871	67	15	foreign	foreign	ADJ
ajfa-10871	67	16	and	and	CCONJ
ajfa-10871	67	17	domestic	domestic	ADJ
ajfa-10871	67	18	banks	bank	NOUN
ajfa-10871	67	19	operating	operate	VERB
ajfa-10871	67	20	in	in	ADP
ajfa-10871	67	21	pakistan	pakistan	PROPN
ajfa-10871	67	22	listed	list	VERB
ajfa-10871	67	23	at	at	ADP
ajfa-10871	67	24	different	different	ADJ
ajfa-10871	67	25	stock	stock	NOUN
ajfa-10871	67	26	exchanges	exchange	NOUN
ajfa-10871	67	27	.	.	PUNCT
ajfa-10871	68	1	the	the	DET
ajfa-10871	68	2	results	result	NOUN
ajfa-10871	68	3	of	of	ADP
ajfa-10871	68	4	the	the	DET
ajfa-10871	68	5	research	research	NOUN
ajfa-10871	68	6	demonstrated	demonstrate	VERB
ajfa-10871	68	7	that	that	SCONJ
ajfa-10871	68	8	profitability	profitability	NOUN
ajfa-10871	68	9	,	,	PUNCT
ajfa-10871	68	10	last	last	ADJ
ajfa-10871	68	11	year	year	NOUN
ajfa-10871	68	12	dividend	dividend	NOUN
ajfa-10871	68	13	and	and	CCONJ
ajfa-10871	68	14	ownership	ownership	NOUN
ajfa-10871	68	15	structure	structure	NOUN
ajfa-10871	68	16	have	have	VERB
ajfa-10871	68	17	significant	significant	ADJ
ajfa-10871	68	18	positive	positive	ADJ
ajfa-10871	68	19	impact	impact	NOUN
ajfa-10871	68	20	and	and	CCONJ
ajfa-10871	68	21	liquidity	liquidity	NOUN
ajfa-10871	68	22	has	have	VERB
ajfa-10871	68	23	significant	significant	ADJ
ajfa-10871	68	24	negative	negative	ADJ
ajfa-10871	68	25	impact	impact	NOUN
ajfa-10871	68	26	on	on	ADP
ajfa-10871	68	27	the	the	DET
ajfa-10871	68	28	dividend	dividend	NOUN
ajfa-10871	68	29	payout	payout	NOUN
ajfa-10871	68	30	of	of	ADP
ajfa-10871	68	31	the	the	DET
ajfa-10871	68	32	banking	banking	NOUN
ajfa-10871	68	33	industry	industry	NOUN
ajfa-10871	68	34	.	.	PUNCT
ajfa-10871	69	1	researchers	researcher	NOUN
ajfa-10871	69	2	intended	intend	VERB
ajfa-10871	69	3	to	to	PART
ajfa-10871	69	4	identify	identify	VERB
ajfa-10871	69	5	the	the	DET
ajfa-10871	69	6	influence	influence	NOUN
ajfa-10871	69	7	of	of	ADP
ajfa-10871	69	8	numerous	numerous	ADJ
ajfa-10871	69	9	variables	variable	NOUN
ajfa-10871	69	10	on	on	ADP
ajfa-10871	69	11	the	the	DET
ajfa-10871	69	12	dividend	dividend	NOUN
ajfa-10871	69	13	payout	payout	NOUN
ajfa-10871	69	14	of	of	ADP
ajfa-10871	69	15	corporations	corporation	NOUN
ajfa-10871	69	16	.	.	PUNCT
ajfa-10871	70	1	rozeff	rozeff	NOUN
ajfa-10871	70	2	(	(	PUNCT
ajfa-10871	70	3	1982	1982	NUM
ajfa-10871	70	4	)	)	PUNCT
ajfa-10871	70	5	found	find	VERB
ajfa-10871	70	6	an	an	DET
ajfa-10871	70	7	inverse	inverse	NOUN
ajfa-10871	70	8	relationship	relationship	NOUN
ajfa-10871	70	9	of	of	ADP
ajfa-10871	70	10	dividend	dividend	NOUN
ajfa-10871	70	11	payment	payment	NOUN
ajfa-10871	70	12	with	with	ADP
ajfa-10871	70	13	a	a	DET
ajfa-10871	70	14	corporations	corporation	NOUN
ajfa-10871	70	15	'	'	PART
ajfa-10871	70	16	future	future	ADJ
ajfa-10871	70	17	growth	growth	NOUN
ajfa-10871	70	18	in	in	ADP
ajfa-10871	70	19	sales	sale	NOUN
ajfa-10871	70	20	,	,	PUNCT
ajfa-10871	70	21	beta	beta	NOUN
ajfa-10871	70	22	rate	rate	NOUN
ajfa-10871	70	23	,	,	PUNCT
ajfa-10871	70	24	and	and	CCONJ
ajfa-10871	70	25	management	management	NOUN
ajfa-10871	70	26	ownership	ownership	NOUN
ajfa-10871	70	27	ratio	ratio	NOUN
ajfa-10871	70	28	,	,	PUNCT
ajfa-10871	70	29	and	and	CCONJ
ajfa-10871	70	30	a	a	DET
ajfa-10871	70	31	positive	positive	ADJ
ajfa-10871	70	32	relationship	relationship	NOUN
ajfa-10871	70	33	with	with	ADP
ajfa-10871	70	34	the	the	DET
ajfa-10871	70	35	number	number	NOUN
ajfa-10871	70	36	of	of	ADP
ajfa-10871	70	37	shareholders	shareholder	NOUN
ajfa-10871	70	38	.	.	PUNCT
ajfa-10871	71	1	the	the	DET
ajfa-10871	71	2	study	study	NOUN
ajfa-10871	71	3	also	also	ADV
ajfa-10871	71	4	confirmed	confirm	VERB
ajfa-10871	71	5	that	that	SCONJ
ajfa-10871	71	6	a	a	DET
ajfa-10871	71	7	corporation	corporation	NOUN
ajfa-10871	71	8	's	's	PART
ajfa-10871	71	9	investment	investment	NOUN
ajfa-10871	71	10	policies	policy	NOUN
ajfa-10871	71	11	also	also	ADV
ajfa-10871	71	12	affect	affect	VERB
ajfa-10871	71	13	its	its	PRON
ajfa-10871	71	14	dividend	dividend	NOUN
ajfa-10871	71	15	policy	policy	NOUN
ajfa-10871	71	16	.	.	PUNCT
ajfa-10871	72	1	dhanani	dhanani	PROPN
ajfa-10871	72	2	(	(	PUNCT
ajfa-10871	72	3	2005	2005	NUM
ajfa-10871	72	4	)	)	PUNCT
ajfa-10871	72	5	identified	identify	VERB
ajfa-10871	72	6	that	that	PRON
ajfa-10871	72	7	dividend	dividend	NOUN
ajfa-10871	72	8	policy	policy	NOUN
ajfa-10871	72	9	of	of	ADP
ajfa-10871	72	10	a	a	DET
ajfa-10871	72	11	company	company	NOUN
ajfa-10871	72	12	may	may	AUX
ajfa-10871	72	13	vary	vary	VERB
ajfa-10871	72	14	significantly	significantly	ADV
ajfa-10871	72	15	depending	depend	VERB
ajfa-10871	72	16	on	on	ADP
ajfa-10871	72	17	firm	firm	ADJ
ajfa-10871	72	18	size	size	NOUN
ajfa-10871	72	19	,	,	PUNCT
ajfa-10871	72	20	industry	industry	NOUN
ajfa-10871	72	21	sector	sector	NOUN
ajfa-10871	72	22	,	,	PUNCT
ajfa-10871	72	23	growth	growth	NOUN
ajfa-10871	72	24	prospects	prospect	NOUN
ajfa-10871	72	25	,	,	PUNCT
ajfa-10871	72	26	ownership	ownership	NOUN
ajfa-10871	72	27	structure	structure	NOUN
ajfa-10871	72	28	,	,	PUNCT
ajfa-10871	72	29	and	and	CCONJ
ajfa-10871	72	30	information	information	NOUN
ajfa-10871	72	31	indiscretion	indiscretion	NOUN
ajfa-10871	72	32	.	.	PUNCT
ajfa-10871	73	1	according	accord	VERB
ajfa-10871	73	2	to	to	ADP
ajfa-10871	73	3	banerjee	banerjee	PROPN
ajfa-10871	73	4	,	,	PUNCT
ajfa-10871	73	5	gatchev	gatchev	ADJ
ajfa-10871	73	6	and	and	CCONJ
ajfa-10871	73	7	spindr	spindr	NOUN
ajfa-10871	73	8	(	(	PUNCT
ajfa-10871	73	9	2007	2007	NUM
ajfa-10871	73	10	)	)	PUNCT
ajfa-10871	73	11	,	,	PUNCT
ajfa-10871	73	12	more	more	ADV
ajfa-10871	73	13	liquid	liquid	ADJ
ajfa-10871	73	14	common	common	ADJ
ajfa-10871	73	15	stock	stock	NOUN
ajfa-10871	73	16	holders	holder	NOUN
ajfa-10871	73	17	are	be	AUX
ajfa-10871	73	18	less	less	ADV
ajfa-10871	73	19	likely	likely	ADJ
ajfa-10871	73	20	to	to	PART
ajfa-10871	73	21	receive	receive	VERB
ajfa-10871	73	22	cash	cash	NOUN
ajfa-10871	73	23	dividend	dividend	NOUN
ajfa-10871	73	24	and	and	CCONJ
ajfa-10871	73	25	vice	vice	NOUN
ajfa-10871	73	26	versa	versa	ADV
ajfa-10871	73	27	;	;	PUNCT
ajfa-10871	73	28	and	and	CCONJ
ajfa-10871	73	29	historical	historical	ADJ
ajfa-10871	73	30	liquidity	liquidity	NOUN
ajfa-10871	73	31	has	have	VERB
ajfa-10871	73	32	a	a	DET
ajfa-10871	73	33	noteworthy	noteworthy	ADJ
ajfa-10871	73	34	part	part	NOUN
ajfa-10871	73	35	in	in	ADP
ajfa-10871	73	36	the	the	DET
ajfa-10871	73	37	initiation	initiation	NOUN
ajfa-10871	73	38	and	and	CCONJ
ajfa-10871	73	39	exclusion	exclusion	NOUN
ajfa-10871	73	40	of	of	ADP
ajfa-10871	73	41	dividend	dividend	NOUN
ajfa-10871	73	42	.	.	PUNCT
ajfa-10871	74	1	besides	besides	SCONJ
ajfa-10871	74	2	,	,	PUNCT
ajfa-10871	74	3	papadopoulos	papadopoulo	NOUN
ajfa-10871	74	4	and	and	CCONJ
ajfa-10871	74	5	charalambidis	charalambidi	NOUN
ajfa-10871	74	6	(	(	PUNCT
ajfa-10871	74	7	2007	2007	NUM
ajfa-10871	74	8	)	)	PUNCT
ajfa-10871	74	9	found	find	VERB
ajfa-10871	74	10	asian	asian	ADJ
ajfa-10871	74	11	journal	journal	NOUN
ajfa-10871	74	12	of	of	ADP
ajfa-10871	74	13	finance	finance	PROPN
ajfa-10871	74	14	&	&	CCONJ
ajfa-10871	74	15	accounting	accounting	PROPN
ajfa-10871	74	16	issn	issn	PROPN
ajfa-10871	74	17	1946	1946	NUM
ajfa-10871	74	18	-	-	PUNCT
ajfa-10871	74	19	052x	052x	PROPN
ajfa-10871	74	20	2017	2017	NUM
ajfa-10871	74	21	,	,	PUNCT
ajfa-10871	74	22	vol	vol	NOUN
ajfa-10871	74	23	.	.	NOUN
ajfa-10871	75	1	9	9	NUM
ajfa-10871	75	2	,	,	PUNCT
ajfa-10871	75	3	no	no	INTJ
ajfa-10871	75	4	.	.	NOUN
ajfa-10871	75	5	1	1	NUM
ajfa-10871	75	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	75	7	171	171	NUM
ajfa-10871	75	8	cash	cash	NOUN
ajfa-10871	75	9	flow	flow	NOUN
ajfa-10871	75	10	of	of	ADP
ajfa-10871	75	11	the	the	DET
ajfa-10871	75	12	firm	firm	NOUN
ajfa-10871	75	13	as	as	ADP
ajfa-10871	75	14	the	the	DET
ajfa-10871	75	15	key	key	ADJ
ajfa-10871	75	16	determinant	determinant	NOUN
ajfa-10871	75	17	of	of	ADP
ajfa-10871	75	18	dividend	dividend	NOUN
ajfa-10871	75	19	policy	policy	NOUN
ajfa-10871	75	20	.	.	PUNCT
ajfa-10871	76	1	as	as	SCONJ
ajfa-10871	76	2	stated	state	VERB
ajfa-10871	76	3	by	by	ADP
ajfa-10871	76	4	gupta	gupta	PROPN
ajfa-10871	76	5	and	and	CCONJ
ajfa-10871	76	6	banga	banga	PROPN
ajfa-10871	76	7	(	(	PUNCT
ajfa-10871	76	8	2010	2010	NUM
ajfa-10871	76	9	)	)	PUNCT
ajfa-10871	76	10	,	,	PUNCT
ajfa-10871	76	11	a	a	DET
ajfa-10871	76	12	corporation	corporation	NOUN
ajfa-10871	76	13	's	's	PART
ajfa-10871	76	14	dividend	dividend	NOUN
ajfa-10871	76	15	payment	payment	NOUN
ajfa-10871	76	16	decisions	decision	NOUN
ajfa-10871	76	17	are	be	AUX
ajfa-10871	76	18	influence	influence	NOUN
ajfa-10871	76	19	by	by	ADP
ajfa-10871	76	20	its	its	PRON
ajfa-10871	76	21	leverage	leverage	NOUN
ajfa-10871	76	22	,	,	PUNCT
ajfa-10871	76	23	liquidity	liquidity	NOUN
ajfa-10871	76	24	,	,	PUNCT
ajfa-10871	76	25	profitability	profitability	NOUN
ajfa-10871	76	26	,	,	PUNCT
ajfa-10871	76	27	growth	growth	NOUN
ajfa-10871	76	28	and	and	CCONJ
ajfa-10871	76	29	ownership	ownership	NOUN
ajfa-10871	76	30	structure	structure	NOUN
ajfa-10871	76	31	.	.	PUNCT
ajfa-10871	77	1	saravanakumar	saravanakumar	PROPN
ajfa-10871	77	2	(	(	PUNCT
ajfa-10871	77	3	2011	2011	NUM
ajfa-10871	77	4	)	)	PUNCT
ajfa-10871	77	5	intended	intend	VERB
ajfa-10871	77	6	to	to	PART
ajfa-10871	77	7	determine	determine	VERB
ajfa-10871	77	8	the	the	DET
ajfa-10871	77	9	relationship	relationship	NOUN
ajfa-10871	77	10	of	of	ADP
ajfa-10871	77	11	corporate	corporate	ADJ
ajfa-10871	77	12	dividend	dividend	NOUN
ajfa-10871	77	13	decisions	decision	NOUN
ajfa-10871	77	14	with	with	ADP
ajfa-10871	77	15	factors	factor	NOUN
ajfa-10871	77	16	such	such	ADJ
ajfa-10871	77	17	as	as	ADP
ajfa-10871	77	18	net	net	ADJ
ajfa-10871	77	19	profits	profit	NOUN
ajfa-10871	77	20	,	,	PUNCT
ajfa-10871	77	21	liquidity	liquidity	NOUN
ajfa-10871	77	22	and	and	CCONJ
ajfa-10871	77	23	reserve	reserve	NOUN
ajfa-10871	77	24	position	position	NOUN
ajfa-10871	77	25	,	,	PUNCT
ajfa-10871	77	26	share	share	NOUN
ajfa-10871	77	27	prices	price	NOUN
ajfa-10871	77	28	,	,	PUNCT
ajfa-10871	77	29	investors	investor	NOUN
ajfa-10871	77	30	'	'	PART
ajfa-10871	77	31	expectations	expectation	NOUN
ajfa-10871	77	32	,	,	PUNCT
ajfa-10871	77	33	volume	volume	NOUN
ajfa-10871	77	34	of	of	ADP
ajfa-10871	77	35	sales	sale	NOUN
ajfa-10871	77	36	,	,	PUNCT
ajfa-10871	77	37	windfall	windfall	NOUN
ajfa-10871	77	38	gains	gain	NOUN
ajfa-10871	77	39	,	,	PUNCT
ajfa-10871	77	40	etc	etc	X
ajfa-10871	77	41	.	.	X
ajfa-10871	77	42	poshakwale	poshakwale	PROPN
ajfa-10871	77	43	,	,	PUNCT
ajfa-10871	77	44	patra	patra	PROPN
ajfa-10871	77	45	and	and	CCONJ
ajfa-10871	77	46	ow	ow	PROPN
ajfa-10871	77	47	-	-	PUNCT
ajfa-10871	77	48	yong	yong	PROPN
ajfa-10871	77	49	(	(	PUNCT
ajfa-10871	77	50	2012	2012	NUM
ajfa-10871	77	51	)	)	PUNCT
ajfa-10871	77	52	found	find	VERB
ajfa-10871	77	53	positive	positive	ADJ
ajfa-10871	77	54	relationship	relationship	NOUN
ajfa-10871	77	55	of	of	ADP
ajfa-10871	77	56	size	size	NOUN
ajfa-10871	77	57	,	,	PUNCT
ajfa-10871	77	58	profitability	profitability	NOUN
ajfa-10871	77	59	and	and	CCONJ
ajfa-10871	77	60	liquidity	liquidity	NOUN
ajfa-10871	77	61	with	with	ADP
ajfa-10871	77	62	dividend	dividend	NOUN
ajfa-10871	77	63	payment	payment	NOUN
ajfa-10871	77	64	,	,	PUNCT
ajfa-10871	77	65	but	but	CCONJ
ajfa-10871	77	66	negative	negative	ADJ
ajfa-10871	77	67	relationship	relationship	NOUN
ajfa-10871	77	68	of	of	ADP
ajfa-10871	77	69	investment	investment	NOUN
ajfa-10871	77	70	opportunities	opportunity	NOUN
ajfa-10871	77	71	,	,	PUNCT
ajfa-10871	77	72	financial	financial	ADJ
ajfa-10871	77	73	leverage	leverage	NOUN
ajfa-10871	77	74	and	and	CCONJ
ajfa-10871	77	75	business	business	NOUN
ajfa-10871	77	76	risk	risk	NOUN
ajfa-10871	77	77	.	.	PUNCT
ajfa-10871	78	1	badu	badu	PROPN
ajfa-10871	78	2	(	(	PUNCT
ajfa-10871	78	3	2013	2013	NUM
ajfa-10871	78	4	)	)	PUNCT
ajfa-10871	78	5	found	find	VERB
ajfa-10871	78	6	from	from	ADP
ajfa-10871	78	7	his	his	PRON
ajfa-10871	78	8	study	study	NOUN
ajfa-10871	78	9	that	that	SCONJ
ajfa-10871	78	10	the	the	DET
ajfa-10871	78	11	major	major	ADJ
ajfa-10871	78	12	determinants	determinant	NOUN
ajfa-10871	78	13	of	of	ADP
ajfa-10871	78	14	dividend	dividend	NOUN
ajfa-10871	78	15	policy	policy	NOUN
ajfa-10871	78	16	of	of	ADP
ajfa-10871	78	17	financial	financial	ADJ
ajfa-10871	78	18	institutions	institution	NOUN
ajfa-10871	78	19	in	in	ADP
ajfa-10871	78	20	ghana	ghana	PROPN
ajfa-10871	78	21	are	be	AUX
ajfa-10871	78	22	age	age	NOUN
ajfa-10871	78	23	of	of	ADP
ajfa-10871	78	24	the	the	DET
ajfa-10871	78	25	firm	firm	NOUN
ajfa-10871	78	26	,	,	PUNCT
ajfa-10871	78	27	collateral	collateral	NOUN
ajfa-10871	78	28	and	and	CCONJ
ajfa-10871	78	29	liquidity	liquidity	NOUN
ajfa-10871	78	30	.	.	PUNCT
ajfa-10871	79	1	table	table	NOUN
ajfa-10871	79	2	1	1	NUM
ajfa-10871	79	3	reviews	review	NOUN
ajfa-10871	79	4	several	several	ADJ
ajfa-10871	79	5	factors	factor	NOUN
ajfa-10871	79	6	related	relate	VERB
ajfa-10871	79	7	to	to	ADP
ajfa-10871	79	8	corporate	corporate	ADJ
ajfa-10871	79	9	dividend	dividend	NOUN
ajfa-10871	79	10	policy	policy	NOUN
ajfa-10871	79	11	and	and	CCONJ
ajfa-10871	79	12	summarizes	summarize	NOUN
ajfa-10871	79	13	existing	exist	VERB
ajfa-10871	79	14	empirical	empirical	ADJ
ajfa-10871	79	15	evidence	evidence	NOUN
ajfa-10871	79	16	from	from	ADP
ajfa-10871	79	17	the	the	DET
ajfa-10871	79	18	financial	financial	ADJ
ajfa-10871	79	19	literatures	literature	NOUN
ajfa-10871	79	20	.	.	PUNCT
ajfa-10871	80	1	previous	previous	ADJ
ajfa-10871	80	2	studies	study	NOUN
ajfa-10871	80	3	revealed	reveal	VERB
ajfa-10871	80	4	that	that	SCONJ
ajfa-10871	80	5	dividend	dividend	NOUN
ajfa-10871	80	6	policy	policy	NOUN
ajfa-10871	80	7	may	may	AUX
ajfa-10871	80	8	have	have	VERB
ajfa-10871	80	9	impact	impact	NOUN
ajfa-10871	80	10	on	on	ADP
ajfa-10871	80	11	shareholders	shareholder	NOUN
ajfa-10871	80	12	wealth	wealth	NOUN
ajfa-10871	80	13	or	or	CCONJ
ajfa-10871	80	14	firm	firm	ADJ
ajfa-10871	80	15	value	value	NOUN
ajfa-10871	80	16	(	(	PUNCT
ajfa-10871	80	17	adesola	adesola	PROPN
ajfa-10871	80	18	&	&	CCONJ
ajfa-10871	80	19	okwong	okwong	PROPN
ajfa-10871	80	20	,	,	PUNCT
ajfa-10871	80	21	2009	2009	NUM
ajfa-10871	80	22	;	;	PUNCT
ajfa-10871	80	23	afza	afza	PROPN
ajfa-10871	80	24	and	and	CCONJ
ajfa-10871	80	25	mirza	mirza	PROPN
ajfa-10871	80	26	,	,	PUNCT
ajfa-10871	80	27	2010	2010	NUM
ajfa-10871	80	28	;	;	PUNCT
ajfa-10871	80	29	aharony	aharony	NOUN
ajfa-10871	80	30	,	,	PUNCT
ajfa-10871	80	31	and	and	CCONJ
ajfa-10871	80	32	swary	swary	ADJ
ajfa-10871	80	33	,	,	PUNCT
ajfa-10871	80	34	1980	1980	NUM
ajfa-10871	80	35	;	;	PUNCT
ajfa-10871	80	36	amidu	amidu	ADJ
ajfa-10871	80	37	,	,	PUNCT
ajfa-10871	80	38	2007	2007	NUM
ajfa-10871	80	39	;	;	PUNCT
ajfa-10871	80	40	black	black	ADJ
ajfa-10871	80	41	and	and	CCONJ
ajfa-10871	80	42	scholes	schole	NOUN
ajfa-10871	80	43	,	,	PUNCT
ajfa-10871	80	44	1974	1974	NUM
ajfa-10871	80	45	;	;	PUNCT
ajfa-10871	80	46	brennan	brennan	PROPN
ajfa-10871	80	47	and	and	CCONJ
ajfa-10871	80	48	thakor	thakor	NOUN
ajfa-10871	80	49	,	,	PUNCT
ajfa-10871	80	50	1990	1990	NUM
ajfa-10871	80	51	;	;	PUNCT
ajfa-10871	80	52	gordon	gordon	PROPN
ajfa-10871	80	53	,	,	PUNCT
ajfa-10871	80	54	1959	1959	NUM
ajfa-10871	80	55	;	;	PUNCT
ajfa-10871	80	56	malcolm	malcolm	PROPN
ajfa-10871	80	57	and	and	CCONJ
ajfa-10871	80	58	wurgler	wurgler	NOUN
ajfa-10871	80	59	,	,	PUNCT
ajfa-10871	80	60	2004	2004	NUM
ajfa-10871	81	1	[	[	X
ajfa-10871	81	2	a	a	X
ajfa-10871	81	3	]	]	X
ajfa-10871	81	4	,	,	PUNCT
ajfa-10871	81	5	[	[	X
ajfa-10871	81	6	b	b	X
ajfa-10871	81	7	]	]	X
ajfa-10871	81	8	;	;	PUNCT
ajfa-10871	81	9	travlos	travlo	NOUN
ajfa-10871	81	10	,	,	PUNCT
ajfa-10871	81	11	trigeorgis	trigeorgis	NOUN
ajfa-10871	81	12	and	and	CCONJ
ajfa-10871	81	13	vafeas	vafea	NOUN
ajfa-10871	81	14	,	,	PUNCT
ajfa-10871	81	15	2001	2001	NUM
ajfa-10871	81	16	)	)	PUNCT
ajfa-10871	81	17	.	.	PUNCT
ajfa-10871	82	1	such	such	ADJ
ajfa-10871	82	2	influence	influence	NOUN
ajfa-10871	82	3	of	of	ADP
ajfa-10871	82	4	dividend	dividend	NOUN
ajfa-10871	82	5	policy	policy	NOUN
ajfa-10871	82	6	may	may	AUX
ajfa-10871	82	7	be	be	AUX
ajfa-10871	82	8	evident	evident	ADJ
ajfa-10871	82	9	with	with	ADP
ajfa-10871	82	10	respect	respect	NOUN
ajfa-10871	82	11	to	to	ADP
ajfa-10871	82	12	the	the	DET
ajfa-10871	82	13	firm	firm	NOUN
ajfa-10871	82	14	's	's	PART
ajfa-10871	82	15	capital	capital	NOUN
ajfa-10871	82	16	structure	structure	NOUN
ajfa-10871	82	17	or	or	CCONJ
ajfa-10871	82	18	investment	investment	NOUN
ajfa-10871	82	19	decisions	decision	NOUN
ajfa-10871	82	20	(	(	PUNCT
ajfa-10871	82	21	aivazian	aivazian	ADJ
ajfa-10871	82	22	,	,	PUNCT
ajfa-10871	82	23	booth	booth	NOUN
ajfa-10871	82	24	and	and	CCONJ
ajfa-10871	82	25	clearly	clearly	ADV
ajfa-10871	82	26	,	,	PUNCT
ajfa-10871	82	27	2003	2003	NUM
ajfa-10871	82	28	;	;	PUNCT
ajfa-10871	82	29	baker	baker	PROPN
ajfa-10871	82	30	,	,	PUNCT
ajfa-10871	82	31	veit	veit	PROPN
ajfa-10871	82	32	and	and	CCONJ
ajfa-10871	82	33	powell	powell	PROPN
ajfa-10871	82	34	,	,	PUNCT
ajfa-10871	82	35	2001	2001	NUM
ajfa-10871	82	36	;	;	PUNCT
ajfa-10871	82	37	faulkender	faulkender	NOUN
ajfa-10871	82	38	,	,	PUNCT
ajfa-10871	82	39	milbourn	milbourn	NOUN
ajfa-10871	82	40	,	,	PUNCT
ajfa-10871	82	41	and	and	CCONJ
ajfa-10871	82	42	thakor	thakor	NOUN
ajfa-10871	82	43	,	,	PUNCT
ajfa-10871	82	44	2006	2006	NUM
ajfa-10871	82	45	)	)	PUNCT
ajfa-10871	82	46	;	;	PUNCT
ajfa-10871	82	47	reduced	reduce	VERB
ajfa-10871	82	48	agency	agency	NOUN
ajfa-10871	82	49	problems	problem	NOUN
ajfa-10871	82	50	(	(	PUNCT
ajfa-10871	82	51	bartram	bartram	PROPN
ajfa-10871	82	52	et	et	PROPN
ajfa-10871	82	53	al	al	PROPN
ajfa-10871	82	54	.	.	PROPN
ajfa-10871	82	55	,	,	PUNCT
ajfa-10871	82	56	2009	2009	NUM
ajfa-10871	82	57	;	;	PUNCT
ajfa-10871	82	58	deangelo	deangelo	PROPN
ajfa-10871	82	59	,	,	PUNCT
ajfa-10871	82	60	deangelo	deangelo	PROPN
ajfa-10871	82	61	and	and	CCONJ
ajfa-10871	82	62	stulz	stulz	ADJ
ajfa-10871	82	63	,	,	PUNCT
ajfa-10871	82	64	2006	2006	NUM
ajfa-10871	82	65	)	)	PUNCT
ajfa-10871	82	66	;	;	PUNCT
ajfa-10871	82	67	tax	tax	NOUN
ajfa-10871	82	68	treatment	treatment	NOUN
ajfa-10871	82	69	(	(	PUNCT
ajfa-10871	82	70	alli	alli	PROPN
ajfa-10871	82	71	,	,	PUNCT
ajfa-10871	82	72	khan	khan	PROPN
ajfa-10871	82	73	and	and	CCONJ
ajfa-10871	82	74	ramirez	ramirez	PROPN
ajfa-10871	82	75	,	,	PUNCT
ajfa-10871	82	76	1993	1993	NUM
ajfa-10871	82	77	;	;	PUNCT
ajfa-10871	82	78	howatt	howatt	NOUN
ajfa-10871	82	79	,	,	PUNCT
ajfa-10871	82	80	et	et	PROPN
ajfa-10871	82	81	al	al	PROPN
ajfa-10871	82	82	.	.	PROPN
ajfa-10871	82	83	,	,	PUNCT
ajfa-10871	82	84	2009	2009	NUM
ajfa-10871	82	85	;	;	PUNCT
ajfa-10871	82	86	singhania	singhania	NOUN
ajfa-10871	82	87	,	,	PUNCT
ajfa-10871	82	88	2006	2006	NUM
ajfa-10871	82	89	)	)	PUNCT
ajfa-10871	82	90	,	,	PUNCT
ajfa-10871	82	91	etc	etc	X
ajfa-10871	82	92	.	.	X
ajfa-10871	82	93	akhigbe	akhigbe	NOUN
ajfa-10871	82	94	and	and	CCONJ
ajfa-10871	82	95	madura	madura	NOUN
ajfa-10871	82	96	(	(	PUNCT
ajfa-10871	82	97	1996	1996	NUM
ajfa-10871	82	98	)	)	PUNCT
ajfa-10871	82	99	found	find	VERB
ajfa-10871	82	100	positive	positive	ADJ
ajfa-10871	82	101	drive	drive	NOUN
ajfa-10871	82	102	of	of	ADP
ajfa-10871	82	103	dividend	dividend	NOUN
ajfa-10871	82	104	instigations	instigation	NOUN
ajfa-10871	82	105	as	as	ADV
ajfa-10871	82	106	well	well	ADV
ajfa-10871	82	107	as	as	ADP
ajfa-10871	82	108	negative	negative	ADJ
ajfa-10871	82	109	impact	impact	NOUN
ajfa-10871	82	110	of	of	ADP
ajfa-10871	82	111	dividend	dividend	NOUN
ajfa-10871	82	112	omissions	omission	NOUN
ajfa-10871	82	113	on	on	ADP
ajfa-10871	82	114	share	share	NOUN
ajfa-10871	82	115	price	price	NOUN
ajfa-10871	82	116	in	in	ADP
ajfa-10871	82	117	the	the	DET
ajfa-10871	82	118	long	long	ADJ
ajfa-10871	82	119	run	run	NOUN
ajfa-10871	82	120	.	.	PUNCT
ajfa-10871	83	1	according	accord	VERB
ajfa-10871	83	2	to	to	ADP
ajfa-10871	83	3	ramachandran	ramachandran	NOUN
ajfa-10871	83	4	and	and	CCONJ
ajfa-10871	83	5	packkirisamy	packkirisamy	ADJ
ajfa-10871	83	6	(	(	PUNCT
ajfa-10871	83	7	2010	2010	NUM
ajfa-10871	83	8	)	)	PUNCT
ajfa-10871	83	9	,	,	PUNCT
ajfa-10871	83	10	considering	consider	VERB
ajfa-10871	83	11	retained	retain	VERB
ajfa-10871	83	12	earnings	earning	NOUN
ajfa-10871	83	13	as	as	ADP
ajfa-10871	83	14	the	the	DET
ajfa-10871	83	15	lowest	low	ADJ
ajfa-10871	83	16	cost	cost	NOUN
ajfa-10871	83	17	source	source	NOUN
ajfa-10871	83	18	of	of	ADP
ajfa-10871	83	19	capital	capital	NOUN
ajfa-10871	83	20	,	,	PUNCT
ajfa-10871	83	21	managers	manager	NOUN
ajfa-10871	83	22	may	may	AUX
ajfa-10871	83	23	prefer	prefer	VERB
ajfa-10871	83	24	lower	low	ADJ
ajfa-10871	83	25	dividend	dividend	NOUN
ajfa-10871	83	26	payout	payout	NOUN
ajfa-10871	83	27	ratio	ratio	NOUN
ajfa-10871	83	28	in	in	ADP
ajfa-10871	83	29	situations	situation	NOUN
ajfa-10871	83	30	of	of	ADP
ajfa-10871	83	31	higher	high	ADJ
ajfa-10871	83	32	capital	capital	NOUN
ajfa-10871	83	33	requirements	requirement	NOUN
ajfa-10871	83	34	.	.	PUNCT
ajfa-10871	84	1	however	however	ADV
ajfa-10871	84	2	,	,	PUNCT
ajfa-10871	84	3	they	they	PRON
ajfa-10871	84	4	must	must	AUX
ajfa-10871	84	5	also	also	ADV
ajfa-10871	84	6	recognize	recognize	VERB
ajfa-10871	84	7	investors	investor	NOUN
ajfa-10871	84	8	'	'	PART
ajfa-10871	84	9	expectations	expectation	NOUN
ajfa-10871	84	10	about	about	ADP
ajfa-10871	84	11	dividend	dividend	NOUN
ajfa-10871	84	12	yield	yield	NOUN
ajfa-10871	84	13	,	,	PUNCT
ajfa-10871	84	14	and	and	CCONJ
ajfa-10871	84	15	thus	thus	ADV
ajfa-10871	84	16	,	,	PUNCT
ajfa-10871	84	17	declare	declare	VERB
ajfa-10871	84	18	at	at	ADP
ajfa-10871	84	19	least	least	ADJ
ajfa-10871	84	20	reasonable	reasonable	ADJ
ajfa-10871	84	21	rate	rate	NOUN
ajfa-10871	84	22	of	of	ADP
ajfa-10871	84	23	dividend	dividend	NOUN
ajfa-10871	84	24	.	.	PUNCT
ajfa-10871	85	1	empirical	empirical	ADJ
ajfa-10871	85	2	studies	study	NOUN
ajfa-10871	85	3	used	use	VERB
ajfa-10871	85	4	different	different	ADJ
ajfa-10871	85	5	mathematical	mathematical	ADJ
ajfa-10871	85	6	and	and	CCONJ
ajfa-10871	85	7	statistical	statistical	ADJ
ajfa-10871	85	8	tools	tool	NOUN
ajfa-10871	85	9	to	to	PART
ajfa-10871	85	10	examine	examine	VERB
ajfa-10871	85	11	dividend	dividend	NOUN
ajfa-10871	85	12	determinants	determinant	NOUN
ajfa-10871	85	13	.	.	PUNCT
ajfa-10871	86	1	kumar	kumar	PROPN
ajfa-10871	86	2	and	and	CCONJ
ajfa-10871	86	3	jha	jha	PROPN
ajfa-10871	86	4	(	(	PUNCT
ajfa-10871	86	5	2012	2012	NUM
ajfa-10871	86	6	)	)	PUNCT
ajfa-10871	86	7	used	use	VERB
ajfa-10871	86	8	regression	regression	NOUN
ajfa-10871	86	9	models	model	NOUN
ajfa-10871	86	10	,	,	PUNCT
ajfa-10871	86	11	lintner	lintner	PROPN
ajfa-10871	86	12	’s	’s	PART
ajfa-10871	86	13	model	model	NOUN
ajfa-10871	86	14	(	(	PUNCT
ajfa-10871	86	15	1956	1956	NUM
ajfa-10871	86	16	)	)	PUNCT
ajfa-10871	86	17	,	,	PUNCT
ajfa-10871	86	18	darling	darling	NOUN
ajfa-10871	86	19	’s	’s	PART
ajfa-10871	86	20	model	model	NOUN
ajfa-10871	86	21	(	(	PUNCT
ajfa-10871	86	22	1957	1957	NUM
ajfa-10871	86	23	)	)	PUNCT
ajfa-10871	86	24	,	,	PUNCT
ajfa-10871	86	25	brittain	brittain	PROPN
ajfa-10871	86	26	’s	’s	PART
ajfa-10871	86	27	cash	cash	NOUN
ajfa-10871	86	28	flow	flow	NOUN
ajfa-10871	86	29	model	model	NOUN
ajfa-10871	86	30	(	(	PUNCT
ajfa-10871	86	31	1966	1966	NUM
ajfa-10871	86	32	)	)	PUNCT
ajfa-10871	86	33	and	and	CCONJ
ajfa-10871	86	34	brittain	brittain	PROPN
ajfa-10871	86	35	’s	’s	PART
ajfa-10871	86	36	explicit	explicit	ADJ
ajfa-10871	86	37	depreciation	depreciation	NOUN
ajfa-10871	86	38	model	model	NOUN
ajfa-10871	86	39	(	(	PUNCT
ajfa-10871	86	40	1966	1966	NUM
ajfa-10871	86	41	)	)	PUNCT
ajfa-10871	86	42	.	.	PUNCT
ajfa-10871	87	1	other	other	ADJ
ajfa-10871	87	2	studies	study	NOUN
ajfa-10871	87	3	observed	observe	VERB
ajfa-10871	87	4	dividend	dividend	NOUN
ajfa-10871	87	5	determinants	determinant	NOUN
ajfa-10871	87	6	using	use	VERB
ajfa-10871	87	7	panel	panel	NOUN
ajfa-10871	87	8	regression	regression	NOUN
ajfa-10871	87	9	(	(	PUNCT
ajfa-10871	87	10	amidu	amidu	ADJ
ajfa-10871	87	11	,	,	PUNCT
ajfa-10871	87	12	2007	2007	NUM
ajfa-10871	87	13	)	)	PUNCT
ajfa-10871	87	14	;	;	PUNCT
ajfa-10871	87	15	categorical	categorical	ADJ
ajfa-10871	87	16	and	and	CCONJ
ajfa-10871	87	17	regression	regression	VERB
ajfa-10871	87	18	analysis	analysis	NOUN
ajfa-10871	87	19	(	(	PUNCT
ajfa-10871	87	20	nissim	nissim	PROPN
ajfa-10871	87	21	&	&	CCONJ
ajfa-10871	87	22	ziv	ziv	PROPN
ajfa-10871	87	23	,	,	PUNCT
ajfa-10871	87	24	2001	2001	NUM
ajfa-10871	87	25	)	)	PUNCT
ajfa-10871	87	26	,	,	PUNCT
ajfa-10871	87	27	generalized	generalize	VERB
ajfa-10871	87	28	method	method	NOUN
ajfa-10871	87	29	of	of	ADP
ajfa-10871	87	30	moments	moment	NOUN
ajfa-10871	87	31	(	(	PUNCT
ajfa-10871	87	32	poshakwale	poshakwale	PROPN
ajfa-10871	87	33	,	,	PUNCT
ajfa-10871	87	34	patra	patra	PROPN
ajfa-10871	87	35	and	and	CCONJ
ajfa-10871	87	36	ow	ow	PROPN
ajfa-10871	87	37	-	-	PUNCT
ajfa-10871	87	38	yong	yong	PROPN
ajfa-10871	87	39	,	,	PUNCT
ajfa-10871	87	40	2012	2012	NUM
ajfa-10871	87	41	)	)	PUNCT
ajfa-10871	87	42	,	,	PUNCT
ajfa-10871	87	43	etc	etc	X
ajfa-10871	87	44	.	.	X
ajfa-10871	87	45	numerous	numerous	ADJ
ajfa-10871	87	46	researches	research	NOUN
ajfa-10871	87	47	have	have	AUX
ajfa-10871	87	48	spotted	spot	VERB
ajfa-10871	87	49	light	light	NOUN
ajfa-10871	87	50	on	on	ADP
ajfa-10871	87	51	the	the	DET
ajfa-10871	87	52	dividend	dividend	NOUN
ajfa-10871	87	53	policy	policy	NOUN
ajfa-10871	87	54	of	of	ADP
ajfa-10871	87	55	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	87	56	industry	industry	NOUN
ajfa-10871	87	57	.	.	PUNCT
ajfa-10871	88	1	khan	khan	PROPN
ajfa-10871	88	2	(	(	PUNCT
ajfa-10871	88	3	2012	2012	NUM
ajfa-10871	88	4	)	)	PUNCT
ajfa-10871	88	5	has	have	AUX
ajfa-10871	88	6	presented	present	VERB
ajfa-10871	88	7	that	that	PRON
ajfa-10871	88	8	dividend	dividend	NOUN
ajfa-10871	88	9	irrelevance	irrelevance	NOUN
ajfa-10871	88	10	theory	theory	NOUN
ajfa-10871	88	11	is	be	AUX
ajfa-10871	88	12	not	not	PART
ajfa-10871	88	13	pertinent	pertinent	ADJ
ajfa-10871	88	14	to	to	ADP
ajfa-10871	88	15	the	the	DET
ajfa-10871	88	16	chemical	chemical	NOUN
ajfa-10871	88	17	and	and	CCONJ
ajfa-10871	88	18	pharmaceutical	pharmaceutical	NOUN
ajfa-10871	88	19	sector	sector	NOUN
ajfa-10871	88	20	of	of	ADP
ajfa-10871	88	21	pakistan	pakistan	PROPN
ajfa-10871	88	22	.	.	PUNCT
ajfa-10871	89	1	alam	alam	PROPN
ajfa-10871	89	2	and	and	CCONJ
ajfa-10871	89	3	hossain	hossain	PROPN
ajfa-10871	89	4	(	(	PUNCT
ajfa-10871	89	5	2012	2012	NUM
ajfa-10871	89	6	)	)	PUNCT
ajfa-10871	89	7	made	make	VERB
ajfa-10871	89	8	a	a	DET
ajfa-10871	89	9	comparative	comparative	ADJ
ajfa-10871	89	10	study	study	NOUN
ajfa-10871	89	11	on	on	ADP
ajfa-10871	89	12	the	the	DET
ajfa-10871	89	13	dividend	dividend	NOUN
ajfa-10871	89	14	policy	policy	NOUN
ajfa-10871	89	15	of	of	ADP
ajfa-10871	89	16	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	89	17	industry	industry	NOUN
ajfa-10871	89	18	of	of	ADP
ajfa-10871	89	19	uk	uk	PROPN
ajfa-10871	89	20	and	and	CCONJ
ajfa-10871	89	21	bangladesh	bangladesh	NOUN
ajfa-10871	89	22	,	,	PUNCT
ajfa-10871	89	23	and	and	CCONJ
ajfa-10871	89	24	revealed	reveal	VERB
ajfa-10871	89	25	that	that	SCONJ
ajfa-10871	89	26	for	for	ADP
ajfa-10871	89	27	the	the	DET
ajfa-10871	89	28	uk	uk	PROPN
ajfa-10871	89	29	based	base	VERB
ajfa-10871	89	30	companies	company	NOUN
ajfa-10871	89	31	,	,	PUNCT
ajfa-10871	89	32	dividend	dividend	NOUN
ajfa-10871	89	33	rate	rate	NOUN
ajfa-10871	89	34	is	be	AUX
ajfa-10871	89	35	a	a	DET
ajfa-10871	89	36	positive	positive	ADJ
ajfa-10871	89	37	function	function	NOUN
ajfa-10871	89	38	of	of	ADP
ajfa-10871	89	39	leverage	leverage	NOUN
ajfa-10871	89	40	,	,	PUNCT
ajfa-10871	89	41	profitability	profitability	NOUN
ajfa-10871	89	42	and	and	CCONJ
ajfa-10871	89	43	market	market	NOUN
ajfa-10871	89	44	capitalization	capitalization	NOUN
ajfa-10871	89	45	;	;	PUNCT
ajfa-10871	89	46	whereas	whereas	SCONJ
ajfa-10871	89	47	dividend	dividend	NOUN
ajfa-10871	89	48	rate	rate	NOUN
ajfa-10871	89	49	is	be	AUX
ajfa-10871	89	50	a	a	DET
ajfa-10871	89	51	reverse	reverse	ADJ
ajfa-10871	89	52	function	function	NOUN
ajfa-10871	89	53	of	of	ADP
ajfa-10871	89	54	liquidity	liquidity	NOUN
ajfa-10871	89	55	and	and	CCONJ
ajfa-10871	89	56	growth	growth	NOUN
ajfa-10871	89	57	.	.	PUNCT
ajfa-10871	90	1	on	on	ADP
ajfa-10871	90	2	the	the	DET
ajfa-10871	90	3	other	other	ADJ
ajfa-10871	90	4	hand	hand	NOUN
ajfa-10871	90	5	,	,	PUNCT
ajfa-10871	90	6	liquidity	liquidity	NOUN
ajfa-10871	90	7	,	,	PUNCT
ajfa-10871	90	8	leverage	leverage	NOUN
ajfa-10871	90	9	,	,	PUNCT
ajfa-10871	90	10	profitability	profitability	NOUN
ajfa-10871	90	11	and	and	CCONJ
ajfa-10871	90	12	market	market	NOUN
ajfa-10871	90	13	capitalization	capitalization	NOUN
ajfa-10871	90	14	have	have	VERB
ajfa-10871	90	15	negative	negative	ADJ
ajfa-10871	90	16	influence	influence	NOUN
ajfa-10871	90	17	on	on	ADP
ajfa-10871	90	18	the	the	DET
ajfa-10871	90	19	dividend	dividend	NOUN
ajfa-10871	90	20	rate	rate	NOUN
ajfa-10871	90	21	,	,	PUNCT
ajfa-10871	90	22	while	while	SCONJ
ajfa-10871	90	23	growth	growth	NOUN
ajfa-10871	90	24	has	have	VERB
ajfa-10871	90	25	positive	positive	ADJ
ajfa-10871	90	26	influence	influence	NOUN
ajfa-10871	90	27	in	in	ADP
ajfa-10871	90	28	case	case	NOUN
ajfa-10871	90	29	of	of	ADP
ajfa-10871	90	30	a	a	DET
ajfa-10871	90	31	bangladeshi	bangladeshi	ADJ
ajfa-10871	90	32	companies	company	NOUN
ajfa-10871	90	33	.	.	PUNCT
ajfa-10871	91	1	however	however	ADV
ajfa-10871	91	2	,	,	PUNCT
ajfa-10871	91	3	in	in	ADP
ajfa-10871	91	4	bangladesh	bangladesh	NOUN
ajfa-10871	91	5	very	very	ADV
ajfa-10871	91	6	few	few	ADJ
ajfa-10871	91	7	researches	research	NOUN
ajfa-10871	91	8	focused	focus	VERB
ajfa-10871	91	9	on	on	ADP
ajfa-10871	91	10	the	the	DET
ajfa-10871	91	11	application	application	NOUN
ajfa-10871	91	12	of	of	ADP
ajfa-10871	91	13	dividend	dividend	NOUN
ajfa-10871	91	14	policy	policy	NOUN
ajfa-10871	91	15	theories	theory	NOUN
ajfa-10871	91	16	on	on	ADP
ajfa-10871	91	17	companies	company	NOUN
ajfa-10871	91	18	of	of	ADP
ajfa-10871	91	19	a	a	DET
ajfa-10871	91	20	particular	particular	ADJ
ajfa-10871	91	21	industry	industry	NOUN
ajfa-10871	91	22	listed	list	VERB
ajfa-10871	91	23	in	in	ADP
ajfa-10871	91	24	a	a	DET
ajfa-10871	91	25	stock	stock	NOUN
ajfa-10871	91	26	exchange	exchange	NOUN
ajfa-10871	91	27	.	.	PUNCT
ajfa-10871	92	1	moreover	moreover	ADV
ajfa-10871	92	2	,	,	PUNCT
ajfa-10871	92	3	in	in	ADP
ajfa-10871	92	4	case	case	NOUN
ajfa-10871	92	5	of	of	ADP
ajfa-10871	92	6	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	92	7	industry	industry	NOUN
ajfa-10871	92	8	of	of	ADP
ajfa-10871	92	9	bangladesh	bangladesh	NOUN
ajfa-10871	92	10	,	,	PUNCT
ajfa-10871	92	11	a	a	DET
ajfa-10871	92	12	number	number	NOUN
ajfa-10871	92	13	of	of	ADP
ajfa-10871	92	14	research	research	NOUN
ajfa-10871	92	15	efforts	effort	NOUN
ajfa-10871	92	16	asian	asian	ADJ
ajfa-10871	92	17	journal	journal	NOUN
ajfa-10871	92	18	of	of	ADP
ajfa-10871	92	19	finance	finance	PROPN
ajfa-10871	92	20	&	&	CCONJ
ajfa-10871	92	21	accounting	accounting	PROPN
ajfa-10871	92	22	issn	issn	PROPN
ajfa-10871	92	23	1946	1946	NUM
ajfa-10871	92	24	-	-	PUNCT
ajfa-10871	92	25	052x	052x	PROPN
ajfa-10871	92	26	2017	2017	NUM
ajfa-10871	92	27	,	,	PUNCT
ajfa-10871	92	28	vol	vol	NOUN
ajfa-10871	92	29	.	.	NOUN
ajfa-10871	92	30	9	9	NUM
ajfa-10871	92	31	,	,	PUNCT
ajfa-10871	92	32	no	no	INTJ
ajfa-10871	92	33	.	.	NOUN
ajfa-10871	92	34	1	1	NUM
ajfa-10871	92	35	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	92	36	172	172	NUM
ajfa-10871	92	37	table	table	NOUN
ajfa-10871	92	38	1	1	NUM
ajfa-10871	92	39	.	.	PUNCT
ajfa-10871	93	1	summary	summary	NOUN
ajfa-10871	93	2	of	of	ADP
ajfa-10871	93	3	empirical	empirical	ADJ
ajfa-10871	93	4	evidence	evidence	NOUN
ajfa-10871	93	5	on	on	ADP
ajfa-10871	93	6	factors	factor	NOUN
ajfa-10871	93	7	affecting	affect	VERB
ajfa-10871	93	8	corporate	corporate	ADJ
ajfa-10871	93	9	dividend	dividend	NOUN
ajfa-10871	93	10	policy	policy	NOUN
ajfa-10871	93	11	literature	literature	NOUN
ajfa-10871	93	12	variable	variable	NOUN
ajfa-10871	93	13	significant	significant	ADJ
ajfa-10871	93	14	positive	positive	ADJ
ajfa-10871	93	15	significant	significant	ADJ
ajfa-10871	93	16	negative	negative	ADJ
ajfa-10871	93	17	insignificant	insignificant	ADJ
ajfa-10871	93	18	adedeji	adedeji	NOUN
ajfa-10871	93	19	,	,	PUNCT
ajfa-10871	93	20	1998	1998	NUM
ajfa-10871	93	21	investment	investment	NOUN
ajfa-10871	93	22	negative	negative	ADJ
ajfa-10871	93	23	financial	financial	ADJ
ajfa-10871	93	24	leverage	leverage	NOUN
ajfa-10871	93	25	positive	positive	ADJ
ajfa-10871	93	26	agyei	agyei	NOUN
ajfa-10871	93	27	and	and	CCONJ
ajfa-10871	93	28	marfo	marfo	ADJ
ajfa-10871	93	29	-	-	PUNCT
ajfa-10871	93	30	yiadom	yiadom	NOUN
ajfa-10871	93	31	,	,	PUNCT
ajfa-10871	93	32	2011	2011	NUM
ajfa-10871	93	33	firm	firm	ADJ
ajfa-10871	93	34	performance	performance	NOUN
ajfa-10871	93	35	significant	significant	ADJ
ajfa-10871	93	36	positive	positive	ADJ
ajfa-10871	93	37	growth	growth	NOUN
ajfa-10871	93	38	positive	positive	ADJ
ajfa-10871	93	39	profitability	profitability	NOUN
ajfa-10871	93	40	positive	positive	ADJ
ajfa-10871	93	41	ahmed	ahmed	NOUN
ajfa-10871	93	42	and	and	CCONJ
ajfa-10871	93	43	javid	javid	PROPN
ajfa-10871	93	44	,	,	PUNCT
ajfa-10871	93	45	2008	2008	NUM
ajfa-10871	93	46	free	free	ADJ
ajfa-10871	93	47	cash	cash	NOUN
ajfa-10871	93	48	flows	flow	VERB
ajfa-10871	93	49	positive	positive	ADJ
ajfa-10871	93	50	ownership	ownership	NOUN
ajfa-10871	93	51	concentration	concentration	NOUN
ajfa-10871	93	52	positive	positive	ADJ
ajfa-10871	93	53	market	market	NOUN
ajfa-10871	93	54	liquidity	liquidity	NOUN
ajfa-10871	93	55	positive	positive	ADJ
ajfa-10871	93	56	leverage	leverage	NOUN
ajfa-10871	93	57	negative	negative	ADJ
ajfa-10871	93	58	market	market	NOUN
ajfa-10871	93	59	capitalization	capitalization	NOUN
ajfa-10871	93	60	negative	negative	ADJ
ajfa-10871	93	61	size	size	NOUN
ajfa-10871	93	62	of	of	ADP
ajfa-10871	93	63	the	the	DET
ajfa-10871	93	64	firms	firm	NOUN
ajfa-10871	93	65	negative	negative	ADJ
ajfa-10871	93	66	al	al	PROPN
ajfa-10871	93	67	-	-	PUNCT
ajfa-10871	93	68	twairjy	twairjy	NOUN
ajfa-10871	93	69	,	,	PUNCT
ajfa-10871	93	70	2007	2007	NUM
ajfa-10871	93	71	leverage	leverage	NOUN
ajfa-10871	93	72	significant	significant	ADJ
ajfa-10871	93	73	negative	negative	ADJ
ajfa-10871	93	74	cash	cash	NOUN
ajfa-10871	93	75	per	per	ADP
ajfa-10871	93	76	share	share	NOUN
ajfa-10871	93	77	significant	significant	ADJ
ajfa-10871	93	78	positive	positive	ADJ
ajfa-10871	93	79	share	share	NOUN
ajfa-10871	93	80	book	book	NOUN
ajfa-10871	93	81	value	value	NOUN
ajfa-10871	93	82	significant	significant	ADJ
ajfa-10871	93	83	positive	positive	ADJ
ajfa-10871	93	84	al	al	PROPN
ajfa-10871	93	85	-	-	PUNCT
ajfa-10871	93	86	najjar	najjar	PROPN
ajfa-10871	93	87	and	and	CCONJ
ajfa-10871	93	88	hussainey	hussainey	NOUN
ajfa-10871	93	89	,	,	PUNCT
ajfa-10871	93	90	2009	2009	NUM
ajfa-10871	93	91	number	number	NOUN
ajfa-10871	93	92	of	of	ADP
ajfa-10871	93	93	outside	outside	ADJ
ajfa-10871	93	94	directors	director	NOUN
ajfa-10871	93	95	on	on	ADP
ajfa-10871	93	96	the	the	DET
ajfa-10871	93	97	board	board	NOUN
ajfa-10871	93	98	of	of	ADP
ajfa-10871	93	99	directors	director	NOUN
ajfa-10871	93	100	negative	negative	ADJ
ajfa-10871	93	101	amidu	amidu	ADV
ajfa-10871	93	102	and	and	CCONJ
ajfa-10871	93	103	abor	abor	NOUN
ajfa-10871	93	104	,	,	PUNCT
ajfa-10871	93	105	2006	2006	NUM
ajfa-10871	93	106	profitability	profitability	NOUN
ajfa-10871	93	107	significant	significant	ADJ
ajfa-10871	93	108	positive	positive	ADJ
ajfa-10871	93	109	cash	cash	NOUN
ajfa-10871	93	110	flow	flow	NOUN
ajfa-10871	93	111	significant	significant	ADJ
ajfa-10871	93	112	positive	positive	ADJ
ajfa-10871	93	113	tax	tax	NOUN
ajfa-10871	93	114	positive	positive	ADJ
ajfa-10871	93	115	risk	risk	NOUN
ajfa-10871	93	116	negative	negative	ADJ
ajfa-10871	93	117	asian	asian	ADJ
ajfa-10871	93	118	journal	journal	NOUN
ajfa-10871	93	119	of	of	ADP
ajfa-10871	93	120	finance	finance	PROPN
ajfa-10871	93	121	&	&	CCONJ
ajfa-10871	93	122	accounting	accounting	PROPN
ajfa-10871	93	123	issn	issn	PROPN
ajfa-10871	93	124	1946	1946	NUM
ajfa-10871	93	125	-	-	PUNCT
ajfa-10871	93	126	052x	052x	PROPN
ajfa-10871	93	127	2017	2017	NUM
ajfa-10871	93	128	,	,	PUNCT
ajfa-10871	93	129	vol	vol	NOUN
ajfa-10871	93	130	.	.	NOUN
ajfa-10871	94	1	9	9	NUM
ajfa-10871	94	2	,	,	PUNCT
ajfa-10871	94	3	no	no	INTJ
ajfa-10871	94	4	.	.	NOUN
ajfa-10871	94	5	1	1	NUM
ajfa-10871	94	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	94	7	173	173	NUM
ajfa-10871	94	8	table	table	NOUN
ajfa-10871	94	9	1	1	NUM
ajfa-10871	94	10	.	.	PUNCT
ajfa-10871	95	1	summary	summary	NOUN
ajfa-10871	95	2	of	of	ADP
ajfa-10871	95	3	empirical	empirical	ADJ
ajfa-10871	95	4	evidence	evidence	NOUN
ajfa-10871	95	5	on	on	ADP
ajfa-10871	95	6	factors	factor	NOUN
ajfa-10871	95	7	affecting	affect	VERB
ajfa-10871	95	8	corporate	corporate	ADJ
ajfa-10871	95	9	dividend	dividend	NOUN
ajfa-10871	95	10	policy	policy	NOUN
ajfa-10871	95	11	literature	literature	NOUN
ajfa-10871	95	12	variable	variable	NOUN
ajfa-10871	95	13	significant	significant	ADJ
ajfa-10871	95	14	positive	positive	ADJ
ajfa-10871	95	15	significant	significant	ADJ
ajfa-10871	95	16	negative	negative	ADJ
ajfa-10871	95	17	insignificant	insignificant	ADJ
ajfa-10871	95	18	institutional	institutional	ADJ
ajfa-10871	95	19	holding	hold	VERB
ajfa-10871	95	20	negative	negative	ADJ
ajfa-10871	95	21	growth	growth	NOUN
ajfa-10871	95	22	significant	significant	ADJ
ajfa-10871	95	23	negative	negative	ADJ
ajfa-10871	95	24	market‐to‐book	market‐to‐book	PROPN
ajfa-10871	95	25	value	value	NOUN
ajfa-10871	95	26	.	.	PUNCT
ajfa-10871	96	1	significant	significant	ADJ
ajfa-10871	96	2	negative	negative	ADJ
ajfa-10871	96	3	amidu	amidu	ADJ
ajfa-10871	96	4	,	,	PUNCT
ajfa-10871	96	5	2007	2007	NUM
ajfa-10871	96	6	return	return	NOUN
ajfa-10871	96	7	on	on	ADP
ajfa-10871	96	8	assets	asset	NOUN
ajfa-10871	96	9	negative	negative	ADJ
ajfa-10871	96	10	leverage	leverage	NOUN
ajfa-10871	96	11	negative	negative	ADJ
ajfa-10871	96	12	chen	chen	PROPN
ajfa-10871	96	13	and	and	CCONJ
ajfa-10871	96	14	dhiensiri	dhiensiri	PROPN
ajfa-10871	96	15	,	,	PUNCT
ajfa-10871	96	16	2009	2009	NUM
ajfa-10871	96	17	growth	growth	NOUN
ajfa-10871	96	18	negative	negative	ADJ
ajfa-10871	96	19	diamond	diamond	NOUN
ajfa-10871	96	20	,	,	PUNCT
ajfa-10871	96	21	1989	1989	NUM
ajfa-10871	96	22	age	age	NOUN
ajfa-10871	96	23	negative	negative	ADJ
ajfa-10871	96	24	d’souza	d’souza	PROPN
ajfa-10871	96	25	,	,	PUNCT
ajfa-10871	96	26	1999	1999	NUM
ajfa-10871	96	27	market	market	NOUN
ajfa-10871	96	28	risk	risk	NOUN
ajfa-10871	96	29	significant	significant	ADJ
ajfa-10871	96	30	negative	negative	ADJ
ajfa-10871	96	31	institutional	institutional	ADJ
ajfa-10871	96	32	ownership	ownership	NOUN
ajfa-10871	96	33	of	of	ADP
ajfa-10871	96	34	a	a	DET
ajfa-10871	96	35	firm	firm	NOUN
ajfa-10871	96	36	’s	’s	PART
ajfa-10871	96	37	shares	share	NOUN
ajfa-10871	96	38	significant	significant	ADJ
ajfa-10871	96	39	negative	negative	ADJ
ajfa-10871	96	40	howatt	howatt	NOUN
ajfa-10871	96	41	et	et	PROPN
ajfa-10871	96	42	al	al	PROPN
ajfa-10871	96	43	.	.	PROPN
ajfa-10871	96	44	,	,	PUNCT
ajfa-10871	96	45	2009	2009	NUM
ajfa-10871	96	46	changes	change	NOUN
ajfa-10871	96	47	in	in	ADP
ajfa-10871	96	48	earnings	earning	NOUN
ajfa-10871	96	49	per	per	ADP
ajfa-10871	96	50	share	share	NOUN
ajfa-10871	96	51	positive	positive	PROPN
ajfa-10871	96	52	jensen	jensen	PROPN
ajfa-10871	96	53	,	,	PUNCT
ajfa-10871	96	54	solberg	solberg	PROPN
ajfa-10871	96	55	,	,	PUNCT
ajfa-10871	96	56	&	&	CCONJ
ajfa-10871	96	57	zorn	zorn	PROPN
ajfa-10871	96	58	,	,	PUNCT
ajfa-10871	96	59	1992	1992	NUM
ajfa-10871	96	60	high	high	ADJ
ajfa-10871	96	61	insider	insider	NOUN
ajfa-10871	96	62	ownership	ownership	NOUN
ajfa-10871	96	63	firms	firm	NOUN
ajfa-10871	96	64	negative	negative	ADJ
ajfa-10871	96	65	la	la	ADP
ajfa-10871	96	66	porta	porta	NOUN
ajfa-10871	96	67	et	et	PROPN
ajfa-10871	96	68	al	al	PROPN
ajfa-10871	96	69	.	.	PROPN
ajfa-10871	96	70	,	,	PUNCT
ajfa-10871	96	71	2000	2000	NUM
ajfa-10871	96	72	growth	growth	NOUN
ajfa-10871	96	73	negative	negative	ADJ
ajfa-10871	96	74	liquidity/	liquidity/	NUM
ajfa-10871	96	75	cash	cash	NOUN
ajfa-10871	96	76	flow	flow	NOUN
ajfa-10871	96	77	positive	positive	ADJ
ajfa-10871	96	78	nnadi	nnadi	NOUN
ajfa-10871	96	79	&	&	CCONJ
ajfa-10871	96	80	akpomi	akpomi	PROPN
ajfa-10871	96	81	,	,	PUNCT
ajfa-10871	96	82	2005	2005	NUM
ajfa-10871	96	83	tax	tax	NOUN
ajfa-10871	96	84	significant	significant	ADJ
ajfa-10871	96	85	positive	positive	ADJ
ajfa-10871	96	86	naceur	naceur	ADV
ajfa-10871	96	87	,	,	PUNCT
ajfa-10871	96	88	goaied	goaie	VERB
ajfa-10871	96	89	&	&	CCONJ
ajfa-10871	96	90	belanes	belane	NOUN
ajfa-10871	96	91	,	,	PUNCT
ajfa-10871	96	92	2006	2006	NUM
ajfa-10871	96	93	profitability	profitability	NOUN
ajfa-10871	96	94	positive	positive	ADJ
ajfa-10871	96	95	free	free	ADJ
ajfa-10871	96	96	cash	cash	NOUN
ajfa-10871	96	97	flows	flow	VERB
ajfa-10871	96	98	positive	positive	ADJ
ajfa-10871	96	99	growth	growth	NOUN
ajfa-10871	96	100	positive	positive	ADJ
ajfa-10871	96	101	asian	asian	ADJ
ajfa-10871	96	102	journal	journal	NOUN
ajfa-10871	96	103	of	of	ADP
ajfa-10871	96	104	finance	finance	PROPN
ajfa-10871	96	105	&	&	CCONJ
ajfa-10871	96	106	accounting	accounting	PROPN
ajfa-10871	96	107	issn	issn	PROPN
ajfa-10871	96	108	1946	1946	NUM
ajfa-10871	96	109	-	-	PUNCT
ajfa-10871	96	110	052x	052x	PROPN
ajfa-10871	96	111	2017	2017	NUM
ajfa-10871	96	112	,	,	PUNCT
ajfa-10871	96	113	vol	vol	NOUN
ajfa-10871	96	114	.	.	NOUN
ajfa-10871	97	1	9	9	NUM
ajfa-10871	97	2	,	,	PUNCT
ajfa-10871	97	3	no	no	INTJ
ajfa-10871	97	4	.	.	NOUN
ajfa-10871	97	5	1	1	NUM
ajfa-10871	97	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	97	7	174	174	NUM
ajfa-10871	97	8	table	table	NOUN
ajfa-10871	97	9	1	1	NUM
ajfa-10871	97	10	.	.	PUNCT
ajfa-10871	97	11	summary	summary	NOUN
ajfa-10871	97	12	of	of	ADP
ajfa-10871	97	13	empirical	empirical	ADJ
ajfa-10871	97	14	evidence	evidence	NOUN
ajfa-10871	97	15	on	on	ADP
ajfa-10871	97	16	factors	factor	NOUN
ajfa-10871	97	17	affecting	affect	VERB
ajfa-10871	97	18	corporate	corporate	ADJ
ajfa-10871	97	19	dividend	dividend	NOUN
ajfa-10871	97	20	policy	policy	NOUN
ajfa-10871	97	21	literature	literature	NOUN
ajfa-10871	97	22	variable	variable	NOUN
ajfa-10871	97	23	significant	significant	ADJ
ajfa-10871	97	24	positive	positive	ADJ
ajfa-10871	97	25	significant	significant	ADJ
ajfa-10871	97	26	negative	negative	ADJ
ajfa-10871	97	27	insignificant	insignificant	ADJ
ajfa-10871	97	28	ownership	ownership	NOUN
ajfa-10871	97	29	concentration	concentration	NOUN
ajfa-10871	97	30	no	no	DET
ajfa-10871	97	31	impact	impact	NOUN
ajfa-10871	97	32	financial	financial	ADJ
ajfa-10871	97	33	leverage	leverage	NOUN
ajfa-10871	97	34	no	no	DET
ajfa-10871	97	35	impact	impact	NOUN
ajfa-10871	97	36	liquidity	liquidity	NOUN
ajfa-10871	97	37	of	of	ADP
ajfa-10871	97	38	stock	stock	NOUN
ajfa-10871	97	39	market	market	NOUN
ajfa-10871	97	40	negative	negative	ADJ
ajfa-10871	97	41	size	size	NOUN
ajfa-10871	97	42	negative	negative	ADJ
ajfa-10871	97	43	naceur	naceur	ADV
ajfa-10871	97	44	et	et	PROPN
ajfa-10871	97	45	al	al	PROPN
ajfa-10871	97	46	.	.	PROPN
ajfa-10871	97	47	,	,	PUNCT
ajfa-10871	97	48	2006	2006	NUM
ajfa-10871	97	49	liquidity/	liquidity/	NUM
ajfa-10871	97	50	cash	cash	NOUN
ajfa-10871	97	51	flow	flow	NOUN
ajfa-10871	97	52	positive	positive	ADJ
ajfa-10871	97	53	nissim	nissim	NOUN
ajfa-10871	97	54	&	&	CCONJ
ajfa-10871	97	55	ziv	ziv	PROPN
ajfa-10871	97	56	,	,	PUNCT
ajfa-10871	97	57	2001	2001	NUM
ajfa-10871	97	58	earnings	earning	NOUN
ajfa-10871	97	59	changes	change	NOUN
ajfa-10871	97	60	positive	positive	ADJ
ajfa-10871	97	61	pandey	pandey	PROPN
ajfa-10871	97	62	,	,	PUNCT
ajfa-10871	97	63	2003	2003	NUM
ajfa-10871	97	64	earnings	earning	NOUN
ajfa-10871	97	65	positive	positive	ADJ
ajfa-10871	97	66	patra	patra	PROPN
ajfa-10871	97	67	,	,	PUNCT
ajfa-10871	97	68	poshakwale	poshakwale	PROPN
ajfa-10871	97	69	&	&	CCONJ
ajfa-10871	97	70	ow	ow	PROPN
ajfa-10871	97	71	-	-	PUNCT
ajfa-10871	97	72	yong	yong	PROPN
ajfa-10871	97	73	,	,	PUNCT
ajfa-10871	97	74	2012	2012	NUM
ajfa-10871	97	75	size	size	NOUN
ajfa-10871	97	76	positive	positive	ADJ
ajfa-10871	97	77	profitability	profitability	NOUN
ajfa-10871	97	78	positive	positive	ADJ
ajfa-10871	97	79	liquidity	liquidity	NOUN
ajfa-10871	97	80	positive	positive	ADJ
ajfa-10871	97	81	investment	investment	NOUN
ajfa-10871	97	82	opportunities	opportunity	NOUN
ajfa-10871	97	83	negative	negative	ADJ
ajfa-10871	97	84	financial	financial	ADJ
ajfa-10871	97	85	leverage	leverage	NOUN
ajfa-10871	97	86	negative	negative	ADJ
ajfa-10871	97	87	business	business	NOUN
ajfa-10871	97	88	risk	risk	NOUN
ajfa-10871	97	89	negative	negative	ADJ
ajfa-10871	97	90	rozeff	rozeff	NOUN
ajfa-10871	97	91	,	,	PUNCT
ajfa-10871	97	92	1982	1982	NUM
ajfa-10871	97	93	agency	agency	NOUN
ajfa-10871	97	94	costs	cost	VERB
ajfa-10871	97	95	negative	negative	ADJ
ajfa-10871	97	96	transactions	transaction	NOUN
ajfa-10871	97	97	cost	cost	NOUN
ajfa-10871	97	98	of	of	ADP
ajfa-10871	97	99	external	external	ADJ
ajfa-10871	97	100	financing	financing	NOUN
ajfa-10871	97	101	positive	positive	ADJ
ajfa-10871	97	102	zameer	zameer	NOUN
ajfa-10871	97	103	,	,	PUNCT
ajfa-10871	97	104	et	et	PROPN
ajfa-10871	97	105	al	al	PROPN
ajfa-10871	97	106	,	,	PUNCT
ajfa-10871	97	107	2013	2013	NUM
ajfa-10871	97	108	profitability	profitability	NOUN
ajfa-10871	97	109	significant	significant	ADJ
ajfa-10871	97	110	positive	positive	ADJ
ajfa-10871	97	111	last	last	ADJ
ajfa-10871	97	112	year	year	NOUN
ajfa-10871	97	113	dividend	dividend	VERB
ajfa-10871	97	114	significant	significant	ADJ
ajfa-10871	97	115	positive	positive	ADJ
ajfa-10871	97	116	ownership	ownership	NOUN
ajfa-10871	97	117	structure	structure	NOUN
ajfa-10871	97	118	significant	significant	ADJ
ajfa-10871	97	119	positive	positive	ADJ
ajfa-10871	97	120	asian	asian	ADJ
ajfa-10871	97	121	journal	journal	NOUN
ajfa-10871	97	122	of	of	ADP
ajfa-10871	97	123	finance	finance	PROPN
ajfa-10871	97	124	&	&	CCONJ
ajfa-10871	97	125	accounting	accounting	PROPN
ajfa-10871	97	126	issn	issn	PROPN
ajfa-10871	97	127	1946	1946	NUM
ajfa-10871	97	128	-	-	PUNCT
ajfa-10871	97	129	052x	052x	PROPN
ajfa-10871	97	130	2017	2017	NUM
ajfa-10871	97	131	,	,	PUNCT
ajfa-10871	97	132	vol	vol	NOUN
ajfa-10871	97	133	.	.	NOUN
ajfa-10871	98	1	9	9	NUM
ajfa-10871	98	2	,	,	PUNCT
ajfa-10871	98	3	no	no	INTJ
ajfa-10871	98	4	.	.	NOUN
ajfa-10871	98	5	1	1	NUM
ajfa-10871	98	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	98	7	175	175	NUM
ajfa-10871	98	8	table	table	NOUN
ajfa-10871	98	9	1	1	NUM
ajfa-10871	98	10	.	.	PUNCT
ajfa-10871	98	11	summary	summary	NOUN
ajfa-10871	98	12	of	of	ADP
ajfa-10871	98	13	empirical	empirical	ADJ
ajfa-10871	98	14	evidence	evidence	NOUN
ajfa-10871	98	15	on	on	ADP
ajfa-10871	98	16	factors	factor	NOUN
ajfa-10871	98	17	affecting	affect	VERB
ajfa-10871	98	18	corporate	corporate	ADJ
ajfa-10871	98	19	dividend	dividend	NOUN
ajfa-10871	98	20	policy	policy	NOUN
ajfa-10871	98	21	literature	literature	NOUN
ajfa-10871	98	22	variable	variable	NOUN
ajfa-10871	98	23	significant	significant	ADJ
ajfa-10871	98	24	positive	positive	ADJ
ajfa-10871	98	25	significant	significant	ADJ
ajfa-10871	98	26	negative	negative	ADJ
ajfa-10871	98	27	insignificant	insignificant	ADJ
ajfa-10871	98	28	zameer	zameer	NOUN
ajfa-10871	98	29	,	,	PUNCT
ajfa-10871	98	30	et	et	PROPN
ajfa-10871	98	31	al	al	PROPN
ajfa-10871	98	32	,	,	PUNCT
ajfa-10871	98	33	2013	2013	NUM
ajfa-10871	98	34	liquidity	liquidity	NOUN
ajfa-10871	98	35	significant	significant	ADJ
ajfa-10871	98	36	negative	negative	ADJ
ajfa-10871	98	37	size	size	NOUN
ajfa-10871	98	38	no	no	DET
ajfa-10871	98	39	impact	impact	NOUN
ajfa-10871	98	40	leverage	leverage	NOUN
ajfa-10871	98	41	no	no	DET
ajfa-10871	98	42	impact	impact	NOUN
ajfa-10871	98	43	agency	agency	NOUN
ajfa-10871	98	44	cost	cost	VERB
ajfa-10871	98	45	no	no	DET
ajfa-10871	98	46	impact	impact	NOUN
ajfa-10871	98	47	growth	growth	NOUN
ajfa-10871	98	48	no	no	DET
ajfa-10871	98	49	impact	impact	NOUN
ajfa-10871	98	50	risk	risk	NOUN
ajfa-10871	98	51	no	no	DET
ajfa-10871	98	52	impact	impact	NOUN
ajfa-10871	98	53	have	have	AUX
ajfa-10871	98	54	been	be	AUX
ajfa-10871	98	55	employed	employ	VERB
ajfa-10871	98	56	so	so	ADV
ajfa-10871	98	57	far	far	ADV
ajfa-10871	98	58	,	,	PUNCT
ajfa-10871	98	59	especially	especially	ADV
ajfa-10871	98	60	focusing	focus	VERB
ajfa-10871	98	61	on	on	ADP
ajfa-10871	98	62	the	the	DET
ajfa-10871	98	63	performance	performance	NOUN
ajfa-10871	98	64	,	,	PUNCT
ajfa-10871	98	65	problems	problem	NOUN
ajfa-10871	98	66	and	and	CCONJ
ajfa-10871	98	67	prospects	prospect	NOUN
ajfa-10871	98	68	,	,	PUNCT
ajfa-10871	98	69	dividend	dividend	NOUN
ajfa-10871	98	70	determinants	determinant	NOUN
ajfa-10871	98	71	,	,	PUNCT
ajfa-10871	98	72	etc	etc	X
ajfa-10871	98	73	.	.	X
ajfa-10871	99	1	(	(	PUNCT
ajfa-10871	99	2	alam	alam	PROPN
ajfa-10871	99	3	and	and	CCONJ
ajfa-10871	99	4	hossain	hossain	PROPN
ajfa-10871	99	5	,	,	PUNCT
ajfa-10871	99	6	2012	2012	NUM
ajfa-10871	99	7	;	;	PUNCT
ajfa-10871	99	8	azam	azam	PROPN
ajfa-10871	99	9	,	,	PUNCT
ajfa-10871	99	10	and	and	CCONJ
ajfa-10871	99	11	richardson	richardson	PROPN
ajfa-10871	99	12	,	,	PUNCT
ajfa-10871	99	13	2010	2010	NUM
ajfa-10871	99	14	;	;	PUNCT
ajfa-10871	99	15	dcci	dcci	PROPN
ajfa-10871	99	16	,	,	PUNCT
ajfa-10871	99	17	2008	2008	NUM
ajfa-10871	99	18	;	;	PUNCT
ajfa-10871	99	19	habib	habib	PROPN
ajfa-10871	99	20	,	,	PUNCT
ajfa-10871	99	21	and	and	CCONJ
ajfa-10871	99	22	alam	alam	PROPN
ajfa-10871	99	23	,	,	PUNCT
ajfa-10871	99	24	2011	2011	NUM
ajfa-10871	99	25	;	;	PUNCT
ajfa-10871	99	26	islam	islam	PROPN
ajfa-10871	99	27	and	and	CCONJ
ajfa-10871	99	28	mili	mili	PROPN
ajfa-10871	99	29	,	,	PUNCT
ajfa-10871	99	30	2012	2012	NUM
ajfa-10871	99	31	;	;	PUNCT
ajfa-10871	99	32	majumder	majumder	NOUN
ajfa-10871	99	33	and	and	CCONJ
ajfa-10871	99	34	rahman	rahman	PROPN
ajfa-10871	99	35	,	,	PUNCT
ajfa-10871	99	36	2011	2011	NUM
ajfa-10871	99	37	;	;	PUNCT
ajfa-10871	99	38	saad	saad	PROPN
ajfa-10871	99	39	,	,	PUNCT
ajfa-10871	99	40	2012	2012	NUM
ajfa-10871	99	41	;	;	PUNCT
ajfa-10871	99	42	vanduzer	vanduzer	NOUN
ajfa-10871	99	43	,	,	PUNCT
ajfa-10871	99	44	2003	2003	NUM
ajfa-10871	99	45	;	;	PUNCT
ajfa-10871	99	46	world	world	PROPN
ajfa-10871	99	47	bank	bank	PROPN
ajfa-10871	99	48	,	,	PUNCT
ajfa-10871	99	49	2008	2008	NUM
ajfa-10871	99	50	)	)	PUNCT
ajfa-10871	99	51	.	.	PUNCT
ajfa-10871	100	1	however	however	ADV
ajfa-10871	100	2	,	,	PUNCT
ajfa-10871	100	3	studies	study	NOUN
ajfa-10871	100	4	hardly	hardly	ADV
ajfa-10871	100	5	worked	work	VERB
ajfa-10871	100	6	on	on	ADP
ajfa-10871	100	7	the	the	DET
ajfa-10871	100	8	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	100	9	dividend	dividend	NOUN
ajfa-10871	100	10	policy	policy	NOUN
ajfa-10871	100	11	determinants	determinant	NOUN
ajfa-10871	100	12	,	,	PUNCT
ajfa-10871	100	13	particularly	particularly	ADV
ajfa-10871	100	14	focusing	focus	VERB
ajfa-10871	100	15	on	on	ADP
ajfa-10871	100	16	the	the	DET
ajfa-10871	100	17	interest	interest	NOUN
ajfa-10871	100	18	of	of	ADP
ajfa-10871	100	19	the	the	DET
ajfa-10871	100	20	stock	stock	NOUN
ajfa-10871	100	21	market	market	NOUN
ajfa-10871	100	22	investors	investor	NOUN
ajfa-10871	100	23	.	.	PUNCT
ajfa-10871	101	1	unlike	unlike	ADP
ajfa-10871	101	2	earlier	early	ADJ
ajfa-10871	101	3	studies	study	NOUN
ajfa-10871	101	4	,	,	PUNCT
ajfa-10871	101	5	this	this	DET
ajfa-10871	101	6	study	study	NOUN
ajfa-10871	101	7	attempted	attempt	VERB
ajfa-10871	101	8	to	to	PART
ajfa-10871	101	9	examine	examine	VERB
ajfa-10871	101	10	the	the	DET
ajfa-10871	101	11	dividend	dividend	NOUN
ajfa-10871	101	12	policy	policy	NOUN
ajfa-10871	101	13	determinants	determinant	NOUN
ajfa-10871	101	14	of	of	ADP
ajfa-10871	101	15	the	the	DET
ajfa-10871	101	16	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	101	17	and	and	CCONJ
ajfa-10871	101	18	chemicals	chemical	NOUN
ajfa-10871	101	19	industries	industry	NOUN
ajfa-10871	101	20	,	,	PUNCT
ajfa-10871	101	21	and	and	CCONJ
ajfa-10871	101	22	guide	guide	VERB
ajfa-10871	101	23	the	the	DET
ajfa-10871	101	24	equity	equity	NOUN
ajfa-10871	101	25	market	market	NOUN
ajfa-10871	101	26	investors	investor	NOUN
ajfa-10871	101	27	in	in	ADP
ajfa-10871	101	28	making	make	VERB
ajfa-10871	101	29	their	their	PRON
ajfa-10871	101	30	investment	investment	NOUN
ajfa-10871	101	31	decisions	decision	NOUN
ajfa-10871	101	32	.	.	PUNCT
ajfa-10871	102	1	in	in	ADP
ajfa-10871	102	2	this	this	DET
ajfa-10871	102	3	attempt	attempt	NOUN
ajfa-10871	102	4	,	,	PUNCT
ajfa-10871	102	5	this	this	DET
ajfa-10871	102	6	study	study	NOUN
ajfa-10871	102	7	is	be	AUX
ajfa-10871	102	8	also	also	ADV
ajfa-10871	102	9	a	a	DET
ajfa-10871	102	10	unique	unique	ADJ
ajfa-10871	102	11	one	one	NOUN
ajfa-10871	102	12	to	to	PART
ajfa-10871	102	13	incorporate	incorporate	VERB
ajfa-10871	102	14	the	the	DET
ajfa-10871	102	15	chemicals	chemical	NOUN
ajfa-10871	102	16	industry	industry	NOUN
ajfa-10871	102	17	along	along	ADP
ajfa-10871	102	18	with	with	ADP
ajfa-10871	102	19	the	the	DET
ajfa-10871	102	20	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	102	21	industry	industry	NOUN
ajfa-10871	102	22	as	as	SCONJ
ajfa-10871	102	23	both	both	CCONJ
ajfa-10871	102	24	the	the	DET
ajfa-10871	102	25	industries	industry	NOUN
ajfa-10871	102	26	constitute	constitute	VERB
ajfa-10871	102	27	the	the	DET
ajfa-10871	102	28	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	102	29	and	and	CCONJ
ajfa-10871	102	30	chemicals	chemical	NOUN
ajfa-10871	102	31	sector	sector	NOUN
ajfa-10871	102	32	listed	list	VERB
ajfa-10871	102	33	in	in	ADP
ajfa-10871	102	34	the	the	DET
ajfa-10871	102	35	stock	stock	NOUN
ajfa-10871	102	36	market	market	NOUN
ajfa-10871	102	37	of	of	ADP
ajfa-10871	102	38	bangladesh	bangladesh	NOUN
ajfa-10871	102	39	.	.	PUNCT
ajfa-10871	103	1	5	5	X
ajfa-10871	103	2	.	.	X
ajfa-10871	103	3	methodology	methodology	NOUN
ajfa-10871	103	4	this	this	DET
ajfa-10871	103	5	study	study	NOUN
ajfa-10871	103	6	is	be	AUX
ajfa-10871	103	7	an	an	DET
ajfa-10871	103	8	investigative	investigative	ADJ
ajfa-10871	103	9	one	one	NOUN
ajfa-10871	103	10	and	and	CCONJ
ajfa-10871	103	11	it	it	PRON
ajfa-10871	103	12	deliberated	deliberate	VERB
ajfa-10871	103	13	largely	largely	ADV
ajfa-10871	103	14	on	on	ADP
ajfa-10871	103	15	the	the	DET
ajfa-10871	103	16	analysis	analysis	NOUN
ajfa-10871	103	17	of	of	ADP
ajfa-10871	103	18	dividend	dividend	NOUN
ajfa-10871	103	19	policy	policy	NOUN
ajfa-10871	103	20	and	and	CCONJ
ajfa-10871	103	21	its	its	PRON
ajfa-10871	103	22	determinants	determinant	NOUN
ajfa-10871	103	23	in	in	ADP
ajfa-10871	103	24	the	the	DET
ajfa-10871	103	25	context	context	NOUN
ajfa-10871	103	26	of	of	ADP
ajfa-10871	103	27	the	the	DET
ajfa-10871	103	28	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	103	29	and	and	CCONJ
ajfa-10871	103	30	chemicals	chemical	NOUN
ajfa-10871	103	31	industries	industry	NOUN
ajfa-10871	103	32	in	in	ADP
ajfa-10871	103	33	bangladesh	bangladesh	NOUN
ajfa-10871	103	34	.	.	PUNCT
ajfa-10871	104	1	at	at	ADP
ajfa-10871	104	2	present	present	ADJ
ajfa-10871	104	3	28	28	NUM
ajfa-10871	104	4	companies	company	NOUN
ajfa-10871	104	5	are	be	AUX
ajfa-10871	104	6	listed	list	VERB
ajfa-10871	104	7	under	under	ADP
ajfa-10871	104	8	the	the	DET
ajfa-10871	104	9	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	104	10	and	and	CCONJ
ajfa-10871	104	11	chemicals	chemical	NOUN
ajfa-10871	104	12	sector	sector	NOUN
ajfa-10871	104	13	in	in	ADP
ajfa-10871	104	14	dse	dse	PROPN
ajfa-10871	104	15	.	.	PUNCT
ajfa-10871	105	1	the	the	DET
ajfa-10871	105	2	data	datum	NOUN
ajfa-10871	105	3	set	set	VERB
ajfa-10871	105	4	consists	consist	VERB
ajfa-10871	105	5	of	of	ADP
ajfa-10871	105	6	a	a	DET
ajfa-10871	105	7	sample	sample	NOUN
ajfa-10871	105	8	of	of	ADP
ajfa-10871	105	9	15	15	NUM
ajfa-10871	105	10	companies	company	NOUN
ajfa-10871	105	11	among	among	ADP
ajfa-10871	105	12	these	these	DET
ajfa-10871	105	13	listed	list	VERB
ajfa-10871	105	14	companies	company	NOUN
ajfa-10871	105	15	.	.	PUNCT
ajfa-10871	106	1	table	table	NOUN
ajfa-10871	106	2	2	2	NUM
ajfa-10871	106	3	presents	present	VERB
ajfa-10871	106	4	a	a	DET
ajfa-10871	106	5	list	list	NOUN
ajfa-10871	106	6	of	of	ADP
ajfa-10871	106	7	the	the	DET
ajfa-10871	106	8	sample	sample	NOUN
ajfa-10871	106	9	companies	company	NOUN
ajfa-10871	106	10	as	as	ADV
ajfa-10871	106	11	well	well	ADV
ajfa-10871	106	12	as	as	ADP
ajfa-10871	106	13	their	their	PRON
ajfa-10871	106	14	short	short	ADJ
ajfa-10871	106	15	names	name	NOUN
ajfa-10871	106	16	used	use	VERB
ajfa-10871	106	17	in	in	ADP
ajfa-10871	106	18	the	the	DET
ajfa-10871	106	19	data	datum	NOUN
ajfa-10871	106	20	set	set	VERB
ajfa-10871	106	21	.	.	PUNCT
ajfa-10871	107	1	the	the	DET
ajfa-10871	107	2	research	research	NOUN
ajfa-10871	107	3	covered	cover	VERB
ajfa-10871	107	4	a	a	DET
ajfa-10871	107	5	time	time	NOUN
ajfa-10871	107	6	period	period	NOUN
ajfa-10871	107	7	of	of	ADP
ajfa-10871	107	8	fourteen	fourteen	NUM
ajfa-10871	107	9	years	year	NOUN
ajfa-10871	107	10	from	from	ADP
ajfa-10871	107	11	2001	2001	NUM
ajfa-10871	107	12	to	to	ADP
ajfa-10871	107	13	2014	2014	NUM
ajfa-10871	107	14	.	.	PUNCT
ajfa-10871	108	1	the	the	DET
ajfa-10871	108	2	study	study	NOUN
ajfa-10871	108	3	used	use	VERB
ajfa-10871	108	4	mostly	mostly	ADV
ajfa-10871	108	5	secondary	secondary	ADJ
ajfa-10871	108	6	data	datum	NOUN
ajfa-10871	108	7	and	and	CCONJ
ajfa-10871	108	8	the	the	DET
ajfa-10871	108	9	database	database	NOUN
ajfa-10871	108	10	has	have	AUX
ajfa-10871	108	11	been	be	AUX
ajfa-10871	108	12	developed	develop	VERB
ajfa-10871	108	13	based	base	VERB
ajfa-10871	108	14	on	on	ADP
ajfa-10871	108	15	the	the	DET
ajfa-10871	108	16	secondary	secondary	ADJ
ajfa-10871	108	17	data	datum	NOUN
ajfa-10871	108	18	collected	collect	VERB
ajfa-10871	108	19	from	from	ADP
ajfa-10871	108	20	the	the	DET
ajfa-10871	108	21	annual	annual	ADJ
ajfa-10871	108	22	reports	report	NOUN
ajfa-10871	108	23	of	of	ADP
ajfa-10871	108	24	concerned	concerned	ADJ
ajfa-10871	108	25	companies	company	NOUN
ajfa-10871	108	26	,	,	PUNCT
ajfa-10871	108	27	monthly	monthly	ADJ
ajfa-10871	108	28	publications	publication	NOUN
ajfa-10871	108	29	of	of	ADP
ajfa-10871	108	30	dse	dse	PROPN
ajfa-10871	108	31	,	,	PUNCT
ajfa-10871	108	32	websites	website	NOUN
ajfa-10871	108	33	of	of	ADP
ajfa-10871	108	34	dse	dse	PROPN
ajfa-10871	108	35	and	and	CCONJ
ajfa-10871	108	36	relevant	relevant	ADJ
ajfa-10871	108	37	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	108	38	and	and	CCONJ
ajfa-10871	108	39	chemicals	chemical	NOUN
ajfa-10871	108	40	companies	company	NOUN
ajfa-10871	108	41	,	,	PUNCT
ajfa-10871	108	42	etc	etc	X
ajfa-10871	108	43	.	.	X
ajfa-10871	108	44	various	various	ADJ
ajfa-10871	108	45	books	book	NOUN
ajfa-10871	108	46	,	,	PUNCT
ajfa-10871	108	47	journals	journal	NOUN
ajfa-10871	108	48	and	and	CCONJ
ajfa-10871	108	49	online	online	ADJ
ajfa-10871	108	50	publications	publication	NOUN
ajfa-10871	108	51	are	be	AUX
ajfa-10871	108	52	consulted	consult	VERB
ajfa-10871	108	53	in	in	ADP
ajfa-10871	108	54	developing	develop	VERB
ajfa-10871	108	55	the	the	DET
ajfa-10871	108	56	variables	variable	NOUN
ajfa-10871	108	57	and	and	CCONJ
ajfa-10871	108	58	attributes	attribute	NOUN
ajfa-10871	108	59	.	.	PUNCT
ajfa-10871	109	1	pertinent	pertinent	ADJ
ajfa-10871	109	2	information	information	NOUN
ajfa-10871	109	3	from	from	ADP
ajfa-10871	109	4	such	such	ADJ
ajfa-10871	109	5	sources	source	NOUN
ajfa-10871	109	6	also	also	ADV
ajfa-10871	109	7	supported	support	VERB
ajfa-10871	109	8	the	the	DET
ajfa-10871	109	9	construction	construction	NOUN
ajfa-10871	109	10	of	of	ADP
ajfa-10871	109	11	the	the	DET
ajfa-10871	109	12	theoretical	theoretical	ADJ
ajfa-10871	109	13	framework	framework	NOUN
ajfa-10871	109	14	related	relate	VERB
ajfa-10871	109	15	to	to	ADP
ajfa-10871	109	16	the	the	DET
ajfa-10871	109	17	dividend	dividend	NOUN
ajfa-10871	109	18	policy	policy	NOUN
ajfa-10871	109	19	of	of	ADP
ajfa-10871	109	20	the	the	DET
ajfa-10871	109	21	asian	asian	ADJ
ajfa-10871	109	22	journal	journal	NOUN
ajfa-10871	109	23	of	of	ADP
ajfa-10871	109	24	finance	finance	PROPN
ajfa-10871	109	25	&	&	CCONJ
ajfa-10871	109	26	accounting	accounting	PROPN
ajfa-10871	109	27	issn	issn	PROPN
ajfa-10871	109	28	1946	1946	NUM
ajfa-10871	109	29	-	-	PUNCT
ajfa-10871	109	30	052x	052x	PROPN
ajfa-10871	109	31	2017	2017	NUM
ajfa-10871	109	32	,	,	PUNCT
ajfa-10871	109	33	vol	vol	NOUN
ajfa-10871	109	34	.	.	NOUN
ajfa-10871	109	35	9	9	NUM
ajfa-10871	109	36	,	,	PUNCT
ajfa-10871	109	37	no	no	INTJ
ajfa-10871	109	38	.	.	NOUN
ajfa-10871	109	39	1	1	NUM
ajfa-10871	109	40	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	109	41	176	176	NUM
ajfa-10871	109	42	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	109	43	and	and	CCONJ
ajfa-10871	109	44	chemicals	chemical	NOUN
ajfa-10871	109	45	industries	industry	NOUN
ajfa-10871	109	46	,	,	PUNCT
ajfa-10871	109	47	and	and	CCONJ
ajfa-10871	109	48	the	the	DET
ajfa-10871	109	49	determinants	determinant	NOUN
ajfa-10871	109	50	thereof	thereof	ADV
ajfa-10871	109	51	.	.	PUNCT
ajfa-10871	110	1	table	table	NOUN
ajfa-10871	110	2	2	2	NUM
ajfa-10871	110	3	.	.	PUNCT
ajfa-10871	110	4	sample	sample	NOUN
ajfa-10871	110	5	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	110	6	and	and	CCONJ
ajfa-10871	110	7	chemicals	chemical	NOUN
ajfa-10871	110	8	companies	company	NOUN
ajfa-10871	110	9	and	and	CCONJ
ajfa-10871	110	10	short	short	ADJ
ajfa-10871	110	11	names	name	NOUN
ajfa-10871	110	12	used	use	VERB
ajfa-10871	110	13	sl	sl	INTJ
ajfa-10871	110	14	.	.	PUNCT
ajfa-10871	111	1	no	no	INTJ
ajfa-10871	111	2	.	.	PUNCT
ajfa-10871	112	1	company	company	NOUN
ajfa-10871	112	2	name	name	VERB
ajfa-10871	112	3	short	short	ADJ
ajfa-10871	112	4	name	name	NOUN
ajfa-10871	113	1	sl	sl	INTJ
ajfa-10871	113	2	.	.	PUNCT
ajfa-10871	114	1	no	no	INTJ
ajfa-10871	114	2	.	.	PUNCT
ajfa-10871	115	1	company	company	NOUN
ajfa-10871	115	2	name	name	VERB
ajfa-10871	115	3	short	short	ADJ
ajfa-10871	115	4	name	name	NOUN
ajfa-10871	115	5	1	1	NUM
ajfa-10871	115	6	aci	aci	PROPN
ajfa-10871	115	7	limited	limited	PROPN
ajfa-10871	115	8	aci	aci	PROPN
ajfa-10871	115	9	9	9	NUM
ajfa-10871	115	10	renata	renata	PROPN
ajfa-10871	115	11	limited	limited	ADJ
ajfa-10871	115	12	renata	renata	PROPN
ajfa-10871	115	13	2	2	NUM
ajfa-10871	115	14	ambee	ambee	PROPN
ajfa-10871	115	15	pharmaceuticals	pharmaceuticals	PROPN
ajfa-10871	115	16	ltd	ltd	PROPN
ajfa-10871	115	17	.	.	PROPN
ajfa-10871	115	18	ambph	ambph	PROPN
ajfa-10871	115	19	10	10	NUM
ajfa-10871	115	20	square	square	ADJ
ajfa-10871	115	21	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	115	22	limited	limit	VERB
ajfa-10871	115	23	sqrph	sqrph	PROPN
ajfa-10871	115	24	3	3	NUM
ajfa-10871	115	25	beximco	beximco	PROPN
ajfa-10871	115	26	pharmaceuticals	pharmaceuticals	PROPN
ajfa-10871	115	27	ltd	ltd	PROPN
ajfa-10871	115	28	(	(	PUNCT
ajfa-10871	115	29	bpl	bpl	PROPN
ajfa-10871	115	30	)	)	PUNCT
ajfa-10871	115	31	bexph	bexph	NOUN
ajfa-10871	115	32	11	11	NUM
ajfa-10871	115	33	reckitt	reckitt	NOUN
ajfa-10871	115	34	benckiser	benckiser	PROPN
ajfa-10871	115	35	reckben	reckben	PROPN
ajfa-10871	115	36	4	4	NUM
ajfa-10871	115	37	glaxo	glaxo	PROPN
ajfa-10871	115	38	smithkline	smithkline	PROPN
ajfa-10871	115	39	glaxo	glaxo	PROPN
ajfa-10871	115	40	12	12	NUM
ajfa-10871	115	41	kohinnor	kohinnor	PROPN
ajfa-10871	115	42	chemicals	chemical	NOUN
ajfa-10871	115	43	kochem	kochem	PROPN
ajfa-10871	115	44	5	5	NUM
ajfa-10871	115	45	the	the	DET
ajfa-10871	115	46	ibn	ibn	PROPN
ajfa-10871	115	47	-	-	PUNCT
ajfa-10871	115	48	sina	sina	PROPN
ajfa-10871	115	49	pharmaceutical	pharmaceutical	PROPN
ajfa-10871	115	50	industry	industry	PROPN
ajfa-10871	115	51	ltd	ltd	PROPN
ajfa-10871	115	52	.	.	PROPN
ajfa-10871	115	53	ibnsina	ibnsina	PROPN
ajfa-10871	115	54	13	13	NUM
ajfa-10871	115	55	keya	keya	NOUN
ajfa-10871	115	56	cosmetics	cosmetic	NOUN
ajfa-10871	115	57	keyacos	keyacos	PROPN
ajfa-10871	115	58	6	6	NUM
ajfa-10871	115	59	libra	libra	PROPN
ajfa-10871	115	60	infusion	infusion	PROPN
ajfa-10871	115	61	ltd	ltd	PROPN
ajfa-10871	115	62	.	.	PROPN
ajfa-10871	116	1	libra	libra	PROPN
ajfa-10871	116	2	14	14	NUM
ajfa-10871	116	3	beximco	beximco	ADJ
ajfa-10871	116	4	synthetics	synthetic	NOUN
ajfa-10871	116	5	bsynth	bsynth	NOUN
ajfa-10871	116	6	7	7	NUM
ajfa-10871	116	7	orion	orion	PROPN
ajfa-10871	116	8	infusion	infusion	PROPN
ajfa-10871	116	9	ltd	ltd	PROPN
ajfa-10871	116	10	.	.	PROPN
ajfa-10871	117	1	orion	orion	PROPN
ajfa-10871	117	2	15	15	NUM
ajfa-10871	117	3	imam	imam	PROPN
ajfa-10871	117	4	button	button	NOUN
ajfa-10871	117	5	ibutton	ibutton	NOUN
ajfa-10871	117	6	8	8	NUM
ajfa-10871	117	7	pharma	pharma	PROPN
ajfa-10871	117	8	aids	aids	PROPN
ajfa-10871	117	9	phaid	phaid	VERB
ajfa-10871	117	10	the	the	DET
ajfa-10871	117	11	study	study	NOUN
ajfa-10871	117	12	indented	indent	VERB
ajfa-10871	117	13	to	to	PART
ajfa-10871	117	14	recognize	recognize	VERB
ajfa-10871	117	15	and	and	CCONJ
ajfa-10871	117	16	evaluate	evaluate	VERB
ajfa-10871	117	17	the	the	DET
ajfa-10871	117	18	relative	relative	ADJ
ajfa-10871	117	19	explanatory	explanatory	ADJ
ajfa-10871	117	20	power	power	NOUN
ajfa-10871	117	21	of	of	ADP
ajfa-10871	117	22	firm	firm	ADJ
ajfa-10871	117	23	characteristics	characteristic	NOUN
ajfa-10871	117	24	on	on	ADP
ajfa-10871	117	25	dividend	dividend	NOUN
ajfa-10871	117	26	policy	policy	NOUN
ajfa-10871	117	27	.	.	PUNCT
ajfa-10871	118	1	particularly	particularly	ADV
ajfa-10871	118	2	this	this	DET
ajfa-10871	118	3	research	research	NOUN
ajfa-10871	118	4	explored	explore	VERB
ajfa-10871	118	5	the	the	DET
ajfa-10871	118	6	influence	influence	NOUN
ajfa-10871	118	7	of	of	ADP
ajfa-10871	118	8	firm	firm	ADJ
ajfa-10871	118	9	-	-	PUNCT
ajfa-10871	118	10	specific	specific	ADJ
ajfa-10871	118	11	factors	factor	NOUN
ajfa-10871	118	12	(	(	PUNCT
ajfa-10871	118	13	size	size	NOUN
ajfa-10871	118	14	,	,	PUNCT
ajfa-10871	118	15	growth	growth	NOUN
ajfa-10871	118	16	,	,	PUNCT
ajfa-10871	118	17	liquidity	liquidity	NOUN
ajfa-10871	118	18	,	,	PUNCT
ajfa-10871	118	19	profitability	profitability	NOUN
ajfa-10871	118	20	,	,	PUNCT
ajfa-10871	118	21	last	last	ADJ
ajfa-10871	118	22	year	year	NOUN
ajfa-10871	118	23	's	's	PART
ajfa-10871	118	24	dividend	dividend	NOUN
ajfa-10871	118	25	,	,	PUNCT
ajfa-10871	118	26	p	p	X
ajfa-10871	118	27	/	/	SYM
ajfa-10871	118	28	e	e	NOUN
ajfa-10871	118	29	ratio	ratio	NOUN
ajfa-10871	118	30	)	)	PUNCT
ajfa-10871	118	31	on	on	ADP
ajfa-10871	118	32	dividend	dividend	NOUN
ajfa-10871	118	33	payout	payout	NOUN
ajfa-10871	118	34	.	.	PUNCT
ajfa-10871	119	1	the	the	DET
ajfa-10871	119	2	study	study	NOUN
ajfa-10871	119	3	involved	involve	VERB
ajfa-10871	119	4	the	the	DET
ajfa-10871	119	5	tabulation	tabulation	NOUN
ajfa-10871	119	6	,	,	PUNCT
ajfa-10871	119	7	analysis	analysis	NOUN
ajfa-10871	119	8	and	and	CCONJ
ajfa-10871	119	9	interpretation	interpretation	NOUN
ajfa-10871	119	10	of	of	ADP
ajfa-10871	119	11	collected	collect	VERB
ajfa-10871	119	12	data	datum	NOUN
ajfa-10871	119	13	;	;	PUNCT
ajfa-10871	119	14	and	and	CCONJ
ajfa-10871	119	15	the	the	DET
ajfa-10871	119	16	data	datum	NOUN
ajfa-10871	119	17	analysis	analysis	NOUN
ajfa-10871	119	18	process	process	NOUN
ajfa-10871	119	19	consists	consist	VERB
ajfa-10871	119	20	of	of	ADP
ajfa-10871	119	21	descriptive	descriptive	ADJ
ajfa-10871	119	22	statistics	statistic	NOUN
ajfa-10871	119	23	,	,	PUNCT
ajfa-10871	119	24	correlation	correlation	NOUN
ajfa-10871	119	25	matrix	matrix	NOUN
ajfa-10871	119	26	and	and	CCONJ
ajfa-10871	119	27	multiple	multiple	ADJ
ajfa-10871	119	28	linear	linear	ADJ
ajfa-10871	119	29	regression	regression	NOUN
ajfa-10871	119	30	analysis	analysis	NOUN
ajfa-10871	119	31	.	.	PUNCT
ajfa-10871	120	1	in	in	ADP
ajfa-10871	120	2	order	order	NOUN
ajfa-10871	120	3	to	to	PART
ajfa-10871	120	4	find	find	VERB
ajfa-10871	120	5	out	out	ADP
ajfa-10871	120	6	the	the	DET
ajfa-10871	120	7	key	key	ADJ
ajfa-10871	120	8	factors	factor	NOUN
ajfa-10871	120	9	that	that	PRON
ajfa-10871	120	10	affect	affect	VERB
ajfa-10871	120	11	the	the	DET
ajfa-10871	120	12	dividend	dividend	NOUN
ajfa-10871	120	13	policy	policy	NOUN
ajfa-10871	120	14	of	of	ADP
ajfa-10871	120	15	the	the	DET
ajfa-10871	120	16	firms	firm	NOUN
ajfa-10871	120	17	,	,	PUNCT
ajfa-10871	120	18	the	the	DET
ajfa-10871	120	19	research	research	NOUN
ajfa-10871	120	20	took	take	VERB
ajfa-10871	120	21	a	a	DET
ajfa-10871	120	22	number	number	NOUN
ajfa-10871	120	23	of	of	ADP
ajfa-10871	120	24	hypotheses	hypothesis	NOUN
ajfa-10871	120	25	and	and	CCONJ
ajfa-10871	120	26	used	use	VERB
ajfa-10871	120	27	multiple	multiple	ADJ
ajfa-10871	120	28	regression	regression	NOUN
ajfa-10871	120	29	analysis	analysis	NOUN
ajfa-10871	120	30	to	to	PART
ajfa-10871	120	31	test	test	VERB
ajfa-10871	120	32	those	those	DET
ajfa-10871	120	33	hypotheses	hypothesis	NOUN
ajfa-10871	120	34	statistically	statistically	ADV
ajfa-10871	120	35	.	.	PUNCT
ajfa-10871	121	1	6	6	X
ajfa-10871	121	2	.	.	X
ajfa-10871	121	3	determinants	determinant	NOUN
ajfa-10871	121	4	of	of	ADP
ajfa-10871	121	5	dividend	dividend	NOUN
ajfa-10871	121	6	policy	policy	NOUN
ajfa-10871	121	7	of	of	ADP
ajfa-10871	121	8	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	121	9	and	and	CCONJ
ajfa-10871	121	10	chemicals	chemical	NOUN
ajfa-10871	121	11	industries	industry	NOUN
ajfa-10871	121	12	in	in	ADP
ajfa-10871	121	13	bangladesh	bangladesh	PROPN
ajfa-10871	121	14	6.1	6.1	NUM
ajfa-10871	121	15	hypothesis	hypothesis	NOUN
ajfa-10871	121	16	development	development	NOUN
ajfa-10871	121	17	the	the	DET
ajfa-10871	121	18	key	key	ADJ
ajfa-10871	121	19	intent	intent	NOUN
ajfa-10871	121	20	of	of	ADP
ajfa-10871	121	21	this	this	DET
ajfa-10871	121	22	study	study	NOUN
ajfa-10871	121	23	is	be	AUX
ajfa-10871	121	24	to	to	PART
ajfa-10871	121	25	recognize	recognize	VERB
ajfa-10871	121	26	the	the	DET
ajfa-10871	121	27	determinants	determinant	NOUN
ajfa-10871	121	28	of	of	ADP
ajfa-10871	121	29	dividend	dividend	NOUN
ajfa-10871	121	30	policy	policy	NOUN
ajfa-10871	121	31	of	of	ADP
ajfa-10871	121	32	the	the	DET
ajfa-10871	121	33	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	121	34	and	and	CCONJ
ajfa-10871	121	35	chemicals	chemical	NOUN
ajfa-10871	121	36	companies	company	NOUN
ajfa-10871	121	37	in	in	ADP
ajfa-10871	121	38	bangladesh	bangladesh	NOUN
ajfa-10871	121	39	.	.	PUNCT
ajfa-10871	122	1	variables	variable	NOUN
ajfa-10871	122	2	and	and	CCONJ
ajfa-10871	122	3	their	their	PRON
ajfa-10871	122	4	proxies	proxy	NOUN
ajfa-10871	122	5	are	be	AUX
ajfa-10871	122	6	selected	select	VERB
ajfa-10871	122	7	on	on	ADP
ajfa-10871	122	8	the	the	DET
ajfa-10871	122	9	basis	basis	NOUN
ajfa-10871	122	10	of	of	ADP
ajfa-10871	122	11	empirical	empirical	ADJ
ajfa-10871	122	12	researches	research	NOUN
ajfa-10871	122	13	carried	carry	VERB
ajfa-10871	122	14	out	out	ADP
ajfa-10871	122	15	worldwide	worldwide	ADV
ajfa-10871	122	16	to	to	PART
ajfa-10871	122	17	show	show	VERB
ajfa-10871	122	18	the	the	DET
ajfa-10871	122	19	relationship	relationship	NOUN
ajfa-10871	122	20	between	between	ADP
ajfa-10871	122	21	dividend	dividend	NOUN
ajfa-10871	122	22	policy	policy	NOUN
ajfa-10871	122	23	and	and	CCONJ
ajfa-10871	122	24	its	its	PRON
ajfa-10871	122	25	determining	determine	VERB
ajfa-10871	122	26	factors	factor	NOUN
ajfa-10871	122	27	.	.	PUNCT
ajfa-10871	123	1	the	the	DET
ajfa-10871	123	2	variables	variable	NOUN
ajfa-10871	123	3	focused	focus	VERB
ajfa-10871	123	4	in	in	ADP
ajfa-10871	123	5	this	this	DET
ajfa-10871	123	6	study	study	NOUN
ajfa-10871	123	7	include	include	VERB
ajfa-10871	123	8	:	:	PUNCT
ajfa-10871	123	9	firm	firm	ADJ
ajfa-10871	123	10	size	size	NOUN
ajfa-10871	123	11	,	,	PUNCT
ajfa-10871	123	12	firm	firm	ADJ
ajfa-10871	123	13	growth	growth	NOUN
ajfa-10871	123	14	,	,	PUNCT
ajfa-10871	123	15	liquidity	liquidity	NOUN
ajfa-10871	123	16	,	,	PUNCT
ajfa-10871	123	17	profitability	profitability	NOUN
ajfa-10871	123	18	,	,	PUNCT
ajfa-10871	123	19	last	last	ADJ
ajfa-10871	123	20	year	year	NOUN
ajfa-10871	123	21	's	's	PART
ajfa-10871	123	22	dividend	dividend	NOUN
ajfa-10871	123	23	,	,	PUNCT
ajfa-10871	123	24	p	p	X
ajfa-10871	123	25	/	/	SYM
ajfa-10871	123	26	e	e	NOUN
ajfa-10871	123	27	ratio	ratio	NOUN
ajfa-10871	123	28	,	,	PUNCT
ajfa-10871	123	29	ownership	ownership	NOUN
ajfa-10871	123	30	structure	structure	NOUN
ajfa-10871	123	31	,	,	PUNCT
ajfa-10871	123	32	firm	firm	ADJ
ajfa-10871	123	33	age	age	NOUN
ajfa-10871	123	34	,	,	PUNCT
ajfa-10871	123	35	market	market	NOUN
ajfa-10871	123	36	share	share	NOUN
ajfa-10871	123	37	,	,	PUNCT
ajfa-10871	123	38	and	and	CCONJ
ajfa-10871	123	39	risk	risk	NOUN
ajfa-10871	123	40	.	.	PUNCT
ajfa-10871	124	1	6.1.1	6.1.1	NUM
ajfa-10871	124	2	dividend	dividend	NOUN
ajfa-10871	124	3	payout	payout	NOUN
ajfa-10871	124	4	only	only	ADV
ajfa-10871	124	5	final	final	ADJ
ajfa-10871	124	6	cash	cash	NOUN
ajfa-10871	124	7	dividends	dividend	NOUN
ajfa-10871	124	8	paid	pay	VERB
ajfa-10871	124	9	by	by	ADP
ajfa-10871	124	10	the	the	DET
ajfa-10871	124	11	companies	company	NOUN
ajfa-10871	124	12	have	have	AUX
ajfa-10871	124	13	been	be	AUX
ajfa-10871	124	14	considered	consider	VERB
ajfa-10871	124	15	here	here	ADV
ajfa-10871	124	16	,	,	PUNCT
ajfa-10871	124	17	and	and	CCONJ
ajfa-10871	124	18	stock	stock	NOUN
ajfa-10871	124	19	dividend	dividend	NOUN
ajfa-10871	124	20	and	and	CCONJ
ajfa-10871	124	21	stock	stock	NOUN
ajfa-10871	124	22	repurchases	repurchase	NOUN
ajfa-10871	124	23	by	by	ADP
ajfa-10871	124	24	the	the	DET
ajfa-10871	124	25	companies	company	NOUN
ajfa-10871	124	26	have	have	AUX
ajfa-10871	124	27	been	be	AUX
ajfa-10871	124	28	ignored	ignore	VERB
ajfa-10871	124	29	.	.	PUNCT
ajfa-10871	125	1	previous	previous	ADJ
ajfa-10871	125	2	studies	study	NOUN
ajfa-10871	125	3	mostly	mostly	ADV
ajfa-10871	125	4	used	use	VERB
ajfa-10871	125	5	dividend	dividend	NOUN
ajfa-10871	125	6	payout	payout	NOUN
ajfa-10871	125	7	ratio	ratio	NOUN
ajfa-10871	125	8	as	as	ADP
ajfa-10871	125	9	a	a	DET
ajfa-10871	125	10	determinant	determinant	NOUN
ajfa-10871	125	11	of	of	ADP
ajfa-10871	125	12	dividend	dividend	NOUN
ajfa-10871	125	13	(	(	PUNCT
ajfa-10871	125	14	chen	chen	PROPN
ajfa-10871	125	15	,	,	PUNCT
ajfa-10871	125	16	jian	jian	PROPN
ajfa-10871	125	17	and	and	CCONJ
ajfa-10871	125	18	xu	xu	PROPN
ajfa-10871	125	19	,	,	PUNCT
ajfa-10871	125	20	2009	2009	NUM
ajfa-10871	125	21	;	;	PUNCT
ajfa-10871	125	22	holder	holder	NOUN
ajfa-10871	125	23	et	et	PROPN
ajfa-10871	125	24	al	al	PROPN
ajfa-10871	125	25	.	.	PROPN
ajfa-10871	125	26	,	,	PUNCT
ajfa-10871	125	27	1998	1998	NUM
ajfa-10871	125	28	;	;	PUNCT
ajfa-10871	125	29	jensen	jensen	PROPN
ajfa-10871	125	30	,	,	PUNCT
ajfa-10871	125	31	solberg	solberg	PROPN
ajfa-10871	125	32	and	and	CCONJ
ajfa-10871	125	33	zorn	zorn	NOUN
ajfa-10871	125	34	,	,	PUNCT
ajfa-10871	125	35	1992	1992	NUM
ajfa-10871	125	36	;	;	PUNCT
ajfa-10871	125	37	lloyd	lloyd	PROPN
ajfa-10871	125	38	,	,	PUNCT
ajfa-10871	125	39	jahera	jahera	NOUN
ajfa-10871	125	40	and	and	CCONJ
ajfa-10871	125	41	page	page	NOUN
ajfa-10871	125	42	,	,	PUNCT
ajfa-10871	125	43	1985	1985	NUM
ajfa-10871	125	44	)	)	PUNCT
ajfa-10871	125	45	.	.	PUNCT
ajfa-10871	126	1	this	this	DET
ajfa-10871	126	2	study	study	NOUN
ajfa-10871	126	3	also	also	ADV
ajfa-10871	126	4	used	use	VERB
ajfa-10871	126	5	dividend	dividend	NOUN
ajfa-10871	126	6	payout	payout	NOUN
ajfa-10871	126	7	ratio	ratio	NOUN
ajfa-10871	126	8	as	as	ADP
ajfa-10871	126	9	the	the	DET
ajfa-10871	126	10	dependent	dependent	ADJ
ajfa-10871	126	11	variable	variable	NOUN
ajfa-10871	126	12	because	because	SCONJ
ajfa-10871	126	13	the	the	DET
ajfa-10871	126	14	dividend	dividend	NOUN
ajfa-10871	126	15	payout	payout	NOUN
ajfa-10871	126	16	ratio	ratio	NOUN
ajfa-10871	126	17	considers	consider	VERB
ajfa-10871	126	18	both	both	PRON
ajfa-10871	126	19	dividend	dividend	VERB
ajfa-10871	126	20	payout	payout	NOUN
ajfa-10871	126	21	and	and	CCONJ
ajfa-10871	126	22	dividend	dividend	NOUN
ajfa-10871	126	23	retention	retention	NOUN
ajfa-10871	126	24	.	.	PUNCT
ajfa-10871	127	1	asian	asian	ADJ
ajfa-10871	127	2	journal	journal	PROPN
ajfa-10871	127	3	of	of	ADP
ajfa-10871	127	4	finance	finance	PROPN
ajfa-10871	127	5	&	&	CCONJ
ajfa-10871	127	6	accounting	accounting	PROPN
ajfa-10871	127	7	issn	issn	PROPN
ajfa-10871	127	8	1946	1946	NUM
ajfa-10871	127	9	-	-	PUNCT
ajfa-10871	127	10	052x	052x	PROPN
ajfa-10871	127	11	2017	2017	NUM
ajfa-10871	127	12	,	,	PUNCT
ajfa-10871	127	13	vol	vol	NOUN
ajfa-10871	127	14	.	.	NOUN
ajfa-10871	127	15	9	9	NUM
ajfa-10871	127	16	,	,	PUNCT
ajfa-10871	127	17	no	no	INTJ
ajfa-10871	127	18	.	.	NOUN
ajfa-10871	127	19	1	1	NUM
ajfa-10871	127	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	127	21	177	177	NUM
ajfa-10871	127	22	6.1.2	6.1.2	NUM
ajfa-10871	127	23	firm	firm	ADJ
ajfa-10871	127	24	size	size	NOUN
ajfa-10871	127	25	firm	firm	NOUN
ajfa-10871	127	26	size	size	NOUN
ajfa-10871	127	27	is	be	AUX
ajfa-10871	127	28	one	one	NUM
ajfa-10871	127	29	of	of	ADP
ajfa-10871	127	30	the	the	DET
ajfa-10871	127	31	most	most	ADV
ajfa-10871	127	32	acknowledged	acknowledge	VERB
ajfa-10871	127	33	determinants	determinant	NOUN
ajfa-10871	127	34	of	of	ADP
ajfa-10871	127	35	a	a	DET
ajfa-10871	127	36	firm	firm	NOUN
ajfa-10871	127	37	's	's	PART
ajfa-10871	127	38	dividend	dividend	NOUN
ajfa-10871	127	39	policy	policy	NOUN
ajfa-10871	127	40	.	.	PUNCT
ajfa-10871	128	1	"	"	PUNCT
ajfa-10871	128	2	the	the	DET
ajfa-10871	128	3	idea	idea	NOUN
ajfa-10871	128	4	that	that	SCONJ
ajfa-10871	128	5	firm	firm	ADJ
ajfa-10871	128	6	size	size	NOUN
ajfa-10871	128	7	and	and	CCONJ
ajfa-10871	128	8	dividend	dividend	NOUN
ajfa-10871	128	9	payout	payout	NOUN
ajfa-10871	128	10	are	be	AUX
ajfa-10871	128	11	positively	positively	ADV
ajfa-10871	128	12	correlated	correlate	VERB
ajfa-10871	128	13	is	be	AUX
ajfa-10871	128	14	generally	generally	ADV
ajfa-10871	128	15	accepted	accept	VERB
ajfa-10871	128	16	by	by	ADP
ajfa-10871	128	17	many	many	ADJ
ajfa-10871	128	18	financial	financial	ADJ
ajfa-10871	128	19	economists	economist	NOUN
ajfa-10871	128	20	"	"	PUNCT
ajfa-10871	128	21	(	(	PUNCT
ajfa-10871	128	22	redding	redd	VERB
ajfa-10871	128	23	,	,	PUNCT
ajfa-10871	128	24	1997	1997	NUM
ajfa-10871	128	25	)	)	PUNCT
ajfa-10871	128	26	.	.	PUNCT
ajfa-10871	129	1	the	the	DET
ajfa-10871	129	2	result	result	NOUN
ajfa-10871	129	3	of	of	ADP
ajfa-10871	129	4	this	this	DET
ajfa-10871	129	5	study	study	NOUN
ajfa-10871	129	6	shows	show	VERB
ajfa-10871	129	7	that	that	SCONJ
ajfa-10871	129	8	large	large	ADJ
ajfa-10871	129	9	companies	company	NOUN
ajfa-10871	129	10	are	be	AUX
ajfa-10871	129	11	indeed	indeed	ADV
ajfa-10871	129	12	more	more	ADV
ajfa-10871	129	13	likely	likely	ADJ
ajfa-10871	129	14	to	to	PART
ajfa-10871	129	15	pay	pay	VERB
ajfa-10871	129	16	dividends	dividend	NOUN
ajfa-10871	129	17	than	than	ADP
ajfa-10871	129	18	small	small	ADJ
ajfa-10871	129	19	companies	company	NOUN
ajfa-10871	129	20	.	.	PUNCT
ajfa-10871	130	1	larger	large	ADJ
ajfa-10871	130	2	firms	firm	NOUN
ajfa-10871	130	3	have	have	VERB
ajfa-10871	130	4	better	well	ADJ
ajfa-10871	130	5	access	access	NOUN
ajfa-10871	130	6	to	to	ADP
ajfa-10871	130	7	capital	capital	NOUN
ajfa-10871	130	8	market	market	NOUN
ajfa-10871	130	9	which	which	PRON
ajfa-10871	130	10	allows	allow	VERB
ajfa-10871	130	11	them	they	PRON
ajfa-10871	130	12	to	to	PART
ajfa-10871	130	13	be	be	AUX
ajfa-10871	130	14	less	less	ADV
ajfa-10871	130	15	dependent	dependent	ADJ
ajfa-10871	130	16	on	on	ADP
ajfa-10871	130	17	retained	retain	VERB
ajfa-10871	130	18	earnings	earning	NOUN
ajfa-10871	130	19	for	for	ADP
ajfa-10871	130	20	internal	internal	ADJ
ajfa-10871	130	21	financing	financing	NOUN
ajfa-10871	130	22	and	and	CCONJ
ajfa-10871	130	23	thus	thus	ADV
ajfa-10871	130	24	,	,	PUNCT
ajfa-10871	130	25	pay	pay	VERB
ajfa-10871	130	26	more	more	ADJ
ajfa-10871	130	27	dividends	dividend	NOUN
ajfa-10871	130	28	.	.	PUNCT
ajfa-10871	131	1	the	the	DET
ajfa-10871	131	2	positive	positive	ADJ
ajfa-10871	131	3	relationship	relationship	NOUN
ajfa-10871	131	4	between	between	ADP
ajfa-10871	131	5	firm	firm	ADJ
ajfa-10871	131	6	size	size	NOUN
ajfa-10871	131	7	and	and	CCONJ
ajfa-10871	131	8	dividend	dividend	NOUN
ajfa-10871	131	9	payout	payout	NOUN
ajfa-10871	131	10	is	be	AUX
ajfa-10871	131	11	also	also	ADV
ajfa-10871	131	12	supported	support	VERB
ajfa-10871	131	13	by	by	ADP
ajfa-10871	131	14	a	a	DET
ajfa-10871	131	15	growing	grow	VERB
ajfa-10871	131	16	number	number	NOUN
ajfa-10871	131	17	of	of	ADP
ajfa-10871	131	18	studies	study	NOUN
ajfa-10871	131	19	(	(	PUNCT
ajfa-10871	131	20	adedeji	adedeji	NOUN
ajfa-10871	131	21	,	,	PUNCT
ajfa-10871	131	22	1998	1998	NUM
ajfa-10871	131	23	;	;	PUNCT
ajfa-10871	131	24	al	al	PROPN
ajfa-10871	131	25	-	-	PUNCT
ajfa-10871	131	26	kuwari	kuwari	PROPN
ajfa-10871	131	27	,	,	PUNCT
ajfa-10871	131	28	2007	2007	NUM
ajfa-10871	131	29	;	;	PUNCT
ajfa-10871	131	30	al	al	PROPN
ajfa-10871	131	31	-	-	PUNCT
ajfa-10871	131	32	shubiri	shubiri	PROPN
ajfa-10871	131	33	,	,	PUNCT
ajfa-10871	131	34	2011	2011	NUM
ajfa-10871	131	35	;	;	PUNCT
ajfa-10871	131	36	al	al	PROPN
ajfa-10871	131	37	-	-	PUNCT
ajfa-10871	131	38	twaijry	twaijry	PROPN
ajfa-10871	131	39	,	,	PUNCT
ajfa-10871	131	40	2007	2007	NUM
ajfa-10871	131	41	;	;	PUNCT
ajfa-10871	131	42	anupam	anupam	NOUN
ajfa-10871	131	43	,	,	PUNCT
ajfa-10871	131	44	2012	2012	NUM
ajfa-10871	131	45	;	;	PUNCT
ajfa-10871	131	46	gaver	gaver	NOUN
ajfa-10871	131	47	and	and	CCONJ
ajfa-10871	131	48	gaver	gaver	NOUN
ajfa-10871	131	49	,	,	PUNCT
ajfa-10871	131	50	1993	1993	NUM
ajfa-10871	131	51	;	;	PUNCT
ajfa-10871	131	52	mahira	mahira	NOUN
ajfa-10871	131	53	,	,	PUNCT
ajfa-10871	131	54	2012	2012	NUM
ajfa-10871	131	55	;	;	PUNCT
ajfa-10871	131	56	vogt	vogt	PROPN
ajfa-10871	131	57	,	,	PUNCT
ajfa-10871	131	58	1994	1994	NUM
ajfa-10871	131	59	)	)	PUNCT
ajfa-10871	131	60	.	.	PUNCT
ajfa-10871	132	1	other	other	ADJ
ajfa-10871	132	2	studies	study	NOUN
ajfa-10871	132	3	related	relate	VERB
ajfa-10871	132	4	dividend	dividend	NOUN
ajfa-10871	132	5	and	and	CCONJ
ajfa-10871	132	6	firm	firm	ADJ
ajfa-10871	132	7	size	size	NOUN
ajfa-10871	132	8	to	to	ADP
ajfa-10871	132	9	transaction	transaction	NOUN
ajfa-10871	132	10	cost	cost	NOUN
ajfa-10871	132	11	(	(	PUNCT
ajfa-10871	132	12	alli	alli	PROPN
ajfa-10871	132	13	,	,	PUNCT
ajfa-10871	132	14	khan	khan	PROPN
ajfa-10871	132	15	and	and	CCONJ
ajfa-10871	132	16	ramirez	ramirez	PROPN
ajfa-10871	132	17	,	,	PUNCT
ajfa-10871	132	18	1993	1993	NUM
ajfa-10871	132	19	)	)	PUNCT
ajfa-10871	132	20	.	.	PUNCT
ajfa-10871	133	1	large	large	ADJ
ajfa-10871	133	2	firms	firm	NOUN
ajfa-10871	133	3	can	can	AUX
ajfa-10871	133	4	raise	raise	VERB
ajfa-10871	133	5	financing	financing	NOUN
ajfa-10871	133	6	by	by	ADP
ajfa-10871	133	7	paying	pay	VERB
ajfa-10871	133	8	lower	low	ADJ
ajfa-10871	133	9	transaction	transaction	NOUN
ajfa-10871	133	10	costs	cost	NOUN
ajfa-10871	133	11	than	than	ADP
ajfa-10871	133	12	smaller	small	ADJ
ajfa-10871	133	13	firms	firm	NOUN
ajfa-10871	133	14	,	,	PUNCT
ajfa-10871	133	15	and	and	CCONJ
ajfa-10871	133	16	can	can	AUX
ajfa-10871	133	17	pay	pay	VERB
ajfa-10871	133	18	more	more	ADJ
ajfa-10871	133	19	dividends	dividend	NOUN
ajfa-10871	133	20	.	.	PUNCT
ajfa-10871	134	1	on	on	ADP
ajfa-10871	134	2	the	the	DET
ajfa-10871	134	3	basis	basis	NOUN
ajfa-10871	134	4	of	of	ADP
ajfa-10871	134	5	the	the	DET
ajfa-10871	134	6	theoretical	theoretical	ADJ
ajfa-10871	134	7	outline	outline	NOUN
ajfa-10871	134	8	and	and	CCONJ
ajfa-10871	134	9	the	the	DET
ajfa-10871	134	10	literature	literature	PROPN
ajfa-10871	134	11	review	review	PROPN
ajfa-10871	134	12	,	,	PUNCT
ajfa-10871	134	13	the	the	DET
ajfa-10871	134	14	first	first	ADJ
ajfa-10871	134	15	hypothesis	hypothesis	NOUN
ajfa-10871	134	16	is	be	AUX
ajfa-10871	134	17	developed	develop	VERB
ajfa-10871	134	18	as	as	ADP
ajfa-10871	134	19	:	:	PUNCT
ajfa-10871	134	20	hypothesis	hypothesis	NOUN
ajfa-10871	134	21	1	1	NUM
ajfa-10871	134	22	:	:	PUNCT
ajfa-10871	134	23	there	there	PRON
ajfa-10871	134	24	is	be	VERB
ajfa-10871	134	25	a	a	DET
ajfa-10871	134	26	significant	significant	ADJ
ajfa-10871	134	27	association	association	NOUN
ajfa-10871	134	28	between	between	ADP
ajfa-10871	134	29	firm	firm	ADJ
ajfa-10871	134	30	size	size	NOUN
ajfa-10871	134	31	and	and	CCONJ
ajfa-10871	134	32	dividend	dividend	NOUN
ajfa-10871	134	33	payout	payout	NOUN
ajfa-10871	134	34	.	.	PUNCT
ajfa-10871	135	1	6.1.3	6.1.3	NUM
ajfa-10871	135	2	firm	firm	ADJ
ajfa-10871	135	3	growth	growth	NOUN
ajfa-10871	135	4	firm	firm	NOUN
ajfa-10871	135	5	growth	growth	NOUN
ajfa-10871	135	6	enlightens	enlighten	VERB
ajfa-10871	135	7	historical	historical	ADJ
ajfa-10871	135	8	achievement	achievement	NOUN
ajfa-10871	135	9	of	of	ADP
ajfa-10871	135	10	a	a	DET
ajfa-10871	135	11	firm	firm	NOUN
ajfa-10871	135	12	as	as	ADV
ajfa-10871	135	13	well	well	ADV
ajfa-10871	135	14	as	as	ADP
ajfa-10871	135	15	predicts	predict	VERB
ajfa-10871	135	16	what	what	PRON
ajfa-10871	135	17	is	be	AUX
ajfa-10871	135	18	expected	expect	VERB
ajfa-10871	135	19	to	to	PART
ajfa-10871	135	20	materialize	materialize	VERB
ajfa-10871	135	21	in	in	ADP
ajfa-10871	135	22	future	future	NOUN
ajfa-10871	135	23	.	.	PUNCT
ajfa-10871	136	1	different	different	ADJ
ajfa-10871	136	2	stages	stage	NOUN
ajfa-10871	136	3	of	of	ADP
ajfa-10871	136	4	development	development	NOUN
ajfa-10871	136	5	and	and	CCONJ
ajfa-10871	136	6	growth	growth	NOUN
ajfa-10871	136	7	of	of	ADP
ajfa-10871	136	8	the	the	DET
ajfa-10871	136	9	firm	firm	ADJ
ajfa-10871	136	10	influence	influence	NOUN
ajfa-10871	136	11	dividend	dividend	NOUN
ajfa-10871	136	12	payout	payout	NOUN
ajfa-10871	136	13	.	.	PUNCT
ajfa-10871	137	1	a	a	DET
ajfa-10871	137	2	number	number	NOUN
ajfa-10871	137	3	of	of	ADP
ajfa-10871	137	4	studies	study	NOUN
ajfa-10871	137	5	revealed	reveal	VERB
ajfa-10871	137	6	inverse	inverse	NOUN
ajfa-10871	137	7	relationship	relationship	NOUN
ajfa-10871	137	8	between	between	ADP
ajfa-10871	137	9	dividend	dividend	NOUN
ajfa-10871	137	10	payment	payment	NOUN
ajfa-10871	137	11	and	and	CCONJ
ajfa-10871	137	12	growth	growth	NOUN
ajfa-10871	137	13	opportunities	opportunity	NOUN
ajfa-10871	137	14	(	(	PUNCT
ajfa-10871	137	15	gaver	gaver	NOUN
ajfa-10871	137	16	,	,	PUNCT
ajfa-10871	137	17	and	and	CCONJ
ajfa-10871	137	18	gaver	gaver	PROPN
ajfa-10871	137	19	,	,	PUNCT
ajfa-10871	137	20	1993	1993	NUM
ajfa-10871	137	21	;	;	PUNCT
ajfa-10871	137	22	higgins	higgins	PROPN
ajfa-10871	137	23	,	,	PUNCT
ajfa-10871	137	24	1981	1981	NUM
ajfa-10871	137	25	)	)	PUNCT
ajfa-10871	137	26	.	.	PUNCT
ajfa-10871	138	1	firms	firm	NOUN
ajfa-10871	138	2	having	have	VERB
ajfa-10871	138	3	higher	high	ADJ
ajfa-10871	138	4	growth	growth	NOUN
ajfa-10871	138	5	opportunities	opportunity	NOUN
ajfa-10871	138	6	use	use	VERB
ajfa-10871	138	7	internally	internally	ADV
ajfa-10871	138	8	generated	generate	VERB
ajfa-10871	138	9	funds	fund	NOUN
ajfa-10871	138	10	to	to	PART
ajfa-10871	138	11	finance	finance	VERB
ajfa-10871	138	12	their	their	PRON
ajfa-10871	138	13	investment	investment	NOUN
ajfa-10871	138	14	projects	project	NOUN
ajfa-10871	138	15	and	and	CCONJ
ajfa-10871	138	16	hence	hence	ADV
ajfa-10871	138	17	,	,	PUNCT
ajfa-10871	138	18	cut	cut	VERB
ajfa-10871	138	19	or	or	CCONJ
ajfa-10871	138	20	reduce	reduce	VERB
ajfa-10871	138	21	dividend	dividend	NOUN
ajfa-10871	138	22	payments	payment	NOUN
ajfa-10871	138	23	.	.	PUNCT
ajfa-10871	139	1	on	on	ADP
ajfa-10871	139	2	the	the	DET
ajfa-10871	139	3	other	other	ADJ
ajfa-10871	139	4	hand	hand	NOUN
ajfa-10871	139	5	,	,	PUNCT
ajfa-10871	139	6	firms	firm	NOUN
ajfa-10871	139	7	having	have	VERB
ajfa-10871	139	8	low	low	ADJ
ajfa-10871	139	9	growth	growth	NOUN
ajfa-10871	139	10	opportunities	opportunity	NOUN
ajfa-10871	139	11	and	and	CCONJ
ajfa-10871	139	12	fewer	few	ADJ
ajfa-10871	139	13	investment	investment	NOUN
ajfa-10871	139	14	projects	project	NOUN
ajfa-10871	139	15	are	be	AUX
ajfa-10871	139	16	exposed	expose	VERB
ajfa-10871	139	17	to	to	ADP
ajfa-10871	139	18	low	low	ADJ
ajfa-10871	139	19	incentive	incentive	NOUN
ajfa-10871	139	20	to	to	PART
ajfa-10871	139	21	retain	retain	VERB
ajfa-10871	139	22	more	more	ADJ
ajfa-10871	139	23	.	.	PUNCT
ajfa-10871	140	1	such	such	ADJ
ajfa-10871	140	2	firms	firm	NOUN
ajfa-10871	140	3	remove	remove	VERB
ajfa-10871	140	4	resources	resource	NOUN
ajfa-10871	140	5	by	by	ADP
ajfa-10871	140	6	paying	pay	VERB
ajfa-10871	140	7	more	more	ADJ
ajfa-10871	140	8	dividends	dividend	NOUN
ajfa-10871	140	9	and	and	CCONJ
ajfa-10871	140	10	reduce	reduce	VERB
ajfa-10871	140	11	the	the	DET
ajfa-10871	140	12	agency	agency	NOUN
ajfa-10871	140	13	costs	cost	NOUN
ajfa-10871	140	14	of	of	ADP
ajfa-10871	140	15	free	free	ADJ
ajfa-10871	140	16	cash	cash	NOUN
ajfa-10871	140	17	flows	flow	NOUN
ajfa-10871	140	18	(	(	PUNCT
ajfa-10871	140	19	al	al	PROPN
ajfa-10871	140	20	-	-	PUNCT
ajfa-10871	140	21	malkawi	malkawi	PROPN
ajfa-10871	140	22	,	,	PUNCT
ajfa-10871	140	23	2007	2007	NUM
ajfa-10871	140	24	;	;	PUNCT
ajfa-10871	140	25	d’souza	d’souza	PROPN
ajfa-10871	140	26	,	,	PUNCT
ajfa-10871	140	27	1999	1999	NUM
ajfa-10871	140	28	)	)	PUNCT
ajfa-10871	140	29	.	.	PUNCT
ajfa-10871	141	1	kania	kania	PROPN
ajfa-10871	141	2	(	(	PUNCT
ajfa-10871	141	3	2005	2005	NUM
ajfa-10871	141	4	)	)	PUNCT
ajfa-10871	141	5	found	find	VERB
ajfa-10871	141	6	positive	positive	ADJ
ajfa-10871	141	7	correlation	correlation	NOUN
ajfa-10871	141	8	between	between	ADP
ajfa-10871	141	9	growth	growth	NOUN
ajfa-10871	141	10	and	and	CCONJ
ajfa-10871	141	11	level	level	NOUN
ajfa-10871	141	12	of	of	ADP
ajfa-10871	141	13	dividend	dividend	NOUN
ajfa-10871	141	14	payment	payment	NOUN
ajfa-10871	141	15	.	.	PUNCT
ajfa-10871	142	1	following	follow	VERB
ajfa-10871	142	2	empirical	empirical	ADJ
ajfa-10871	142	3	research	research	NOUN
ajfa-10871	142	4	,	,	PUNCT
ajfa-10871	142	5	sales	sale	NOUN
ajfa-10871	142	6	/	/	SYM
ajfa-10871	142	7	revenues	revenue	NOUN
ajfa-10871	142	8	is	be	AUX
ajfa-10871	142	9	used	use	VERB
ajfa-10871	142	10	as	as	ADP
ajfa-10871	142	11	a	a	DET
ajfa-10871	142	12	proxy	proxy	NOUN
ajfa-10871	142	13	variable	variable	NOUN
ajfa-10871	142	14	for	for	ADP
ajfa-10871	142	15	growth	growth	NOUN
ajfa-10871	142	16	opportunities	opportunity	NOUN
ajfa-10871	142	17	in	in	ADP
ajfa-10871	142	18	this	this	DET
ajfa-10871	142	19	study	study	NOUN
ajfa-10871	142	20	.	.	PUNCT
ajfa-10871	143	1	since	since	SCONJ
ajfa-10871	143	2	previous	previous	ADJ
ajfa-10871	143	3	studies	study	NOUN
ajfa-10871	143	4	portray	portray	VERB
ajfa-10871	143	5	both	both	CCONJ
ajfa-10871	143	6	negative	negative	ADJ
ajfa-10871	143	7	and	and	CCONJ
ajfa-10871	143	8	positive	positive	ADJ
ajfa-10871	143	9	relationship	relationship	NOUN
ajfa-10871	143	10	between	between	ADP
ajfa-10871	143	11	the	the	DET
ajfa-10871	143	12	dividend	dividend	NOUN
ajfa-10871	143	13	and	and	CCONJ
ajfa-10871	143	14	sales	sale	NOUN
ajfa-10871	143	15	growth	growth	NOUN
ajfa-10871	143	16	,	,	PUNCT
ajfa-10871	143	17	the	the	DET
ajfa-10871	143	18	second	second	ADJ
ajfa-10871	143	19	hypothesis	hypothesis	NOUN
ajfa-10871	143	20	is	be	AUX
ajfa-10871	143	21	:	:	PUNCT
ajfa-10871	143	22	hypothesis	hypothesis	NOUN
ajfa-10871	143	23	2	2	NUM
ajfa-10871	143	24	:	:	PUNCT
ajfa-10871	143	25	there	there	PRON
ajfa-10871	143	26	is	be	VERB
ajfa-10871	143	27	a	a	DET
ajfa-10871	143	28	significant	significant	ADJ
ajfa-10871	143	29	relationship	relationship	NOUN
ajfa-10871	143	30	between	between	ADP
ajfa-10871	143	31	firm	firm	ADJ
ajfa-10871	143	32	growth	growth	NOUN
ajfa-10871	143	33	and	and	CCONJ
ajfa-10871	143	34	dividend	dividend	NOUN
ajfa-10871	143	35	payout	payout	NOUN
ajfa-10871	143	36	.	.	PUNCT
ajfa-10871	144	1	6.1.4	6.1.4	NUM
ajfa-10871	144	2	liquidity	liquidity	NOUN
ajfa-10871	144	3	liquidity	liquidity	NOUN
ajfa-10871	144	4	position	position	NOUN
ajfa-10871	144	5	of	of	ADP
ajfa-10871	144	6	a	a	DET
ajfa-10871	144	7	company	company	NOUN
ajfa-10871	144	8	for	for	ADP
ajfa-10871	144	9	dividend	dividend	NOUN
ajfa-10871	144	10	payment	payment	NOUN
ajfa-10871	144	11	is	be	AUX
ajfa-10871	144	12	another	another	DET
ajfa-10871	144	13	vital	vital	ADJ
ajfa-10871	144	14	determinant	determinant	NOUN
ajfa-10871	144	15	of	of	ADP
ajfa-10871	144	16	dividend	dividend	NOUN
ajfa-10871	144	17	policy	policy	NOUN
ajfa-10871	144	18	.	.	PUNCT
ajfa-10871	145	1	a	a	DET
ajfa-10871	145	2	number	number	NOUN
ajfa-10871	145	3	of	of	ADP
ajfa-10871	145	4	studies	study	NOUN
ajfa-10871	145	5	found	find	VERB
ajfa-10871	145	6	positive	positive	ADJ
ajfa-10871	145	7	relationship	relationship	NOUN
ajfa-10871	145	8	between	between	ADP
ajfa-10871	145	9	liquidity	liquidity	NOUN
ajfa-10871	145	10	and	and	CCONJ
ajfa-10871	145	11	payout	payout	NOUN
ajfa-10871	145	12	ratio	ratio	NOUN
ajfa-10871	145	13	(	(	PUNCT
ajfa-10871	145	14	ahmed	ahmed	PROPN
ajfa-10871	145	15	and	and	CCONJ
ajfa-10871	145	16	javed	javed	ADJ
ajfa-10871	145	17	,	,	PUNCT
ajfa-10871	145	18	2008	2008	NUM
ajfa-10871	145	19	;	;	PUNCT
ajfa-10871	145	20	ahmed	ahmed	PROPN
ajfa-10871	145	21	and	and	CCONJ
ajfa-10871	145	22	carlos	carlos	PROPN
ajfa-10871	145	23	,	,	PUNCT
ajfa-10871	145	24	2008	2008	NUM
ajfa-10871	145	25	;	;	PUNCT
ajfa-10871	145	26	amidu	amidu	PROPN
ajfa-10871	145	27	and	and	CCONJ
ajfa-10871	145	28	abor	abor	NOUN
ajfa-10871	145	29	,	,	PUNCT
ajfa-10871	145	30	2006	2006	NUM
ajfa-10871	145	31	;	;	PUNCT
ajfa-10871	145	32	anil	anil	PROPN
ajfa-10871	145	33	and	and	CCONJ
ajfa-10871	145	34	kapoor	kapoor	PROPN
ajfa-10871	145	35	,	,	PUNCT
ajfa-10871	145	36	2008	2008	NUM
ajfa-10871	145	37	;	;	PUNCT
ajfa-10871	145	38	benito	benito	PROPN
ajfa-10871	145	39	and	and	CCONJ
ajfa-10871	145	40	young	young	ADJ
ajfa-10871	145	41	,	,	PUNCT
ajfa-10871	145	42	2001	2001	NUM
ajfa-10871	145	43	;	;	PUNCT
ajfa-10871	145	44	gunasekarage	gunasekarage	NOUN
ajfa-10871	145	45	and	and	CCONJ
ajfa-10871	145	46	power	power	NOUN
ajfa-10871	145	47	,	,	PUNCT
ajfa-10871	145	48	2006	2006	NUM
ajfa-10871	145	49	)	)	PUNCT
ajfa-10871	145	50	.	.	PUNCT
ajfa-10871	146	1	this	this	DET
ajfa-10871	146	2	positive	positive	ADJ
ajfa-10871	146	3	relationship	relationship	NOUN
ajfa-10871	146	4	explains	explain	VERB
ajfa-10871	146	5	that	that	SCONJ
ajfa-10871	146	6	firms	firm	NOUN
ajfa-10871	146	7	with	with	ADP
ajfa-10871	146	8	high	high	ADJ
ajfa-10871	146	9	liquidity	liquidity	NOUN
ajfa-10871	146	10	are	be	AUX
ajfa-10871	146	11	in	in	ADP
ajfa-10871	146	12	position	position	NOUN
ajfa-10871	146	13	to	to	PART
ajfa-10871	146	14	pay	pay	VERB
ajfa-10871	146	15	higher	high	ADJ
ajfa-10871	146	16	dividends	dividend	NOUN
ajfa-10871	146	17	,	,	PUNCT
ajfa-10871	146	18	while	while	SCONJ
ajfa-10871	146	19	firms	firm	NOUN
ajfa-10871	146	20	with	with	ADP
ajfa-10871	146	21	poor	poor	ADJ
ajfa-10871	146	22	liquidity	liquidity	NOUN
ajfa-10871	146	23	are	be	AUX
ajfa-10871	146	24	forced	force	VERB
ajfa-10871	146	25	to	to	PART
ajfa-10871	146	26	reduce	reduce	VERB
ajfa-10871	146	27	or	or	CCONJ
ajfa-10871	146	28	cut	cut	VERB
ajfa-10871	146	29	dividends	dividend	NOUN
ajfa-10871	146	30	.	.	PUNCT
ajfa-10871	147	1	some	some	DET
ajfa-10871	147	2	other	other	ADJ
ajfa-10871	147	3	studies	study	NOUN
ajfa-10871	147	4	found	find	VERB
ajfa-10871	147	5	reverse	reverse	ADJ
ajfa-10871	147	6	relationship	relationship	NOUN
ajfa-10871	147	7	between	between	ADP
ajfa-10871	147	8	liquidity	liquidity	NOUN
ajfa-10871	147	9	and	and	CCONJ
ajfa-10871	147	10	dividend	dividend	NOUN
ajfa-10871	147	11	payout	payout	NOUN
ajfa-10871	147	12	ratios	ratio	NOUN
ajfa-10871	147	13	(	(	PUNCT
ajfa-10871	147	14	barclay	barclay	PROPN
ajfa-10871	147	15	et	et	PROPN
ajfa-10871	147	16	al	al	PROPN
ajfa-10871	147	17	.	.	PROPN
ajfa-10871	147	18	1995	1995	NUM
ajfa-10871	147	19	;	;	PUNCT
ajfa-10871	147	20	marfo	marfo	ADJ
ajfa-10871	147	21	-	-	PUNCT
ajfa-10871	147	22	yiadom	yiadom	NOUN
ajfa-10871	147	23	and	and	CCONJ
ajfa-10871	147	24	agyei	agyei	NOUN
ajfa-10871	147	25	,	,	PUNCT
ajfa-10871	147	26	2011	2011	NUM
ajfa-10871	147	27	)	)	PUNCT
ajfa-10871	147	28	.	.	PUNCT
ajfa-10871	148	1	the	the	DET
ajfa-10871	148	2	negative	negative	ADJ
ajfa-10871	148	3	relationship	relationship	NOUN
ajfa-10871	148	4	explains	explain	VERB
ajfa-10871	148	5	that	that	SCONJ
ajfa-10871	148	6	increasing	increase	VERB
ajfa-10871	148	7	dividend	dividend	NOUN
ajfa-10871	148	8	payout	payout	NOUN
ajfa-10871	148	9	ratios	ratio	NOUN
ajfa-10871	148	10	reduce	reduce	VERB
ajfa-10871	148	11	the	the	DET
ajfa-10871	148	12	liquidity	liquidity	NOUN
ajfa-10871	148	13	;	;	PUNCT
ajfa-10871	148	14	because	because	SCONJ
ajfa-10871	148	15	higher	high	ADJ
ajfa-10871	148	16	return	return	NOUN
ajfa-10871	148	17	on	on	ADP
ajfa-10871	148	18	equity	equity	NOUN
ajfa-10871	148	19	stimulates	stimulate	NOUN
ajfa-10871	148	20	the	the	DET
ajfa-10871	148	21	firm	firm	NOUN
ajfa-10871	148	22	to	to	PART
ajfa-10871	148	23	retain	retain	VERB
ajfa-10871	148	24	more	more	ADJ
ajfa-10871	148	25	for	for	ADP
ajfa-10871	148	26	reinvestment	reinvestment	NOUN
ajfa-10871	148	27	purpose	purpose	NOUN
ajfa-10871	148	28	and	and	CCONJ
ajfa-10871	148	29	thus	thus	ADV
ajfa-10871	148	30	,	,	PUNCT
ajfa-10871	148	31	lower	lower	VERB
ajfa-10871	148	32	the	the	DET
ajfa-10871	148	33	dividend	dividend	NOUN
ajfa-10871	148	34	.	.	PUNCT
ajfa-10871	149	1	the	the	DET
ajfa-10871	149	2	third	third	ADJ
ajfa-10871	149	3	hypothesis	hypothesis	NOUN
ajfa-10871	149	4	of	of	ADP
ajfa-10871	149	5	asian	asian	ADJ
ajfa-10871	149	6	journal	journal	NOUN
ajfa-10871	149	7	of	of	ADP
ajfa-10871	149	8	finance	finance	PROPN
ajfa-10871	149	9	&	&	CCONJ
ajfa-10871	149	10	accounting	accounting	PROPN
ajfa-10871	149	11	issn	issn	PROPN
ajfa-10871	149	12	1946	1946	NUM
ajfa-10871	149	13	-	-	PUNCT
ajfa-10871	149	14	052x	052x	PROPN
ajfa-10871	149	15	2017	2017	NUM
ajfa-10871	149	16	,	,	PUNCT
ajfa-10871	149	17	vol	vol	NOUN
ajfa-10871	149	18	.	.	NOUN
ajfa-10871	149	19	9	9	NUM
ajfa-10871	149	20	,	,	PUNCT
ajfa-10871	149	21	no	no	INTJ
ajfa-10871	149	22	.	.	NOUN
ajfa-10871	149	23	1	1	NUM
ajfa-10871	149	24	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	149	25	178	178	NUM
ajfa-10871	149	26	this	this	DET
ajfa-10871	149	27	study	study	NOUN
ajfa-10871	149	28	is	be	AUX
ajfa-10871	149	29	:	:	PUNCT
ajfa-10871	149	30	hypothesis	hypothesis	NOUN
ajfa-10871	149	31	3	3	NUM
ajfa-10871	149	32	:	:	PUNCT
ajfa-10871	149	33	liquidity	liquidity	NOUN
ajfa-10871	149	34	has	have	VERB
ajfa-10871	149	35	a	a	DET
ajfa-10871	149	36	significant	significant	ADJ
ajfa-10871	149	37	relationship	relationship	NOUN
ajfa-10871	149	38	with	with	ADP
ajfa-10871	149	39	dividend	dividend	NOUN
ajfa-10871	149	40	payout	payout	NOUN
ajfa-10871	149	41	.	.	PUNCT
ajfa-10871	150	1	6.1.5	6.1.5	NUM
ajfa-10871	150	2	profitability	profitability	NOUN
ajfa-10871	150	3	profitability	profitability	NOUN
ajfa-10871	150	4	can	can	AUX
ajfa-10871	150	5	be	be	AUX
ajfa-10871	150	6	termed	term	VERB
ajfa-10871	150	7	as	as	ADP
ajfa-10871	150	8	the	the	DET
ajfa-10871	150	9	capacity	capacity	NOUN
ajfa-10871	150	10	of	of	ADP
ajfa-10871	150	11	a	a	DET
ajfa-10871	150	12	firm	firm	NOUN
ajfa-10871	150	13	to	to	PART
ajfa-10871	150	14	generate	generate	VERB
ajfa-10871	150	15	profit	profit	NOUN
ajfa-10871	150	16	.	.	PUNCT
ajfa-10871	151	1	profitability	profitability	NOUN
ajfa-10871	151	2	is	be	AUX
ajfa-10871	151	3	exposed	expose	VERB
ajfa-10871	151	4	to	to	PART
ajfa-10871	151	5	be	be	AUX
ajfa-10871	151	6	one	one	NUM
ajfa-10871	151	7	of	of	ADP
ajfa-10871	151	8	the	the	DET
ajfa-10871	151	9	most	most	ADV
ajfa-10871	151	10	critical	critical	ADJ
ajfa-10871	151	11	determinants	determinant	NOUN
ajfa-10871	151	12	of	of	ADP
ajfa-10871	151	13	the	the	DET
ajfa-10871	151	14	dividend	dividend	NOUN
ajfa-10871	151	15	policy	policy	NOUN
ajfa-10871	151	16	of	of	ADP
ajfa-10871	151	17	firms	firm	NOUN
ajfa-10871	151	18	(	(	PUNCT
ajfa-10871	151	19	al	al	PROPN
ajfa-10871	151	20	-	-	PUNCT
ajfa-10871	151	21	najjar	najjar	PROPN
ajfa-10871	151	22	and	and	CCONJ
ajfa-10871	151	23	hussainey	hussainey	NOUN
ajfa-10871	151	24	,	,	PUNCT
ajfa-10871	151	25	2009	2009	NUM
ajfa-10871	151	26	)	)	PUNCT
ajfa-10871	151	27	.	.	PUNCT
ajfa-10871	152	1	highly	highly	ADV
ajfa-10871	152	2	profitable	profitable	ADJ
ajfa-10871	152	3	firms	firm	NOUN
ajfa-10871	152	4	can	can	AUX
ajfa-10871	152	5	pay	pay	VERB
ajfa-10871	152	6	more	more	ADJ
ajfa-10871	152	7	dividends	dividend	NOUN
ajfa-10871	152	8	,	,	PUNCT
ajfa-10871	152	9	while	while	SCONJ
ajfa-10871	152	10	less	less	ADV
ajfa-10871	152	11	profitable	profitable	ADJ
ajfa-10871	152	12	firms	firm	NOUN
ajfa-10871	152	13	find	find	VERB
ajfa-10871	152	14	it	it	PRON
ajfa-10871	152	15	difficult	difficult	ADJ
ajfa-10871	152	16	to	to	PART
ajfa-10871	152	17	pay	pay	VERB
ajfa-10871	152	18	dividends	dividend	NOUN
ajfa-10871	152	19	.	.	PUNCT
ajfa-10871	153	1	the	the	DET
ajfa-10871	153	2	studies	study	NOUN
ajfa-10871	153	3	of	of	ADP
ajfa-10871	153	4	linter	linter	NOUN
ajfa-10871	153	5	,	,	PUNCT
ajfa-10871	153	6	1956	1956	NUM
ajfa-10871	153	7	;	;	PUNCT
ajfa-10871	153	8	baker	baker	PROPN
ajfa-10871	153	9	et	et	PROPN
ajfa-10871	153	10	al	al	PROPN
ajfa-10871	153	11	.	.	PROPN
ajfa-10871	153	12	1985	1985	NUM
ajfa-10871	153	13	;	;	PUNCT
ajfa-10871	153	14	matthias	matthias	PROPN
ajfa-10871	153	15	,	,	PUNCT
ajfa-10871	153	16	nnadi	nnadi	NOUN
ajfa-10871	153	17	and	and	CCONJ
ajfa-10871	153	18	meg	meg	NOUN
ajfa-10871	153	19	,	,	PUNCT
ajfa-10871	153	20	2008	2008	NUM
ajfa-10871	153	21	depicted	depict	VERB
ajfa-10871	153	22	that	that	PRON
ajfa-10871	153	23	dividend	dividend	NOUN
ajfa-10871	153	24	payment	payment	NOUN
ajfa-10871	153	25	pattern	pattern	NOUN
ajfa-10871	153	26	of	of	ADP
ajfa-10871	153	27	firms	firm	NOUN
ajfa-10871	153	28	are	be	AUX
ajfa-10871	153	29	influenced	influence	VERB
ajfa-10871	153	30	by	by	ADP
ajfa-10871	153	31	current	current	ADJ
ajfa-10871	153	32	earnings	earning	NOUN
ajfa-10871	153	33	and	and	CCONJ
ajfa-10871	153	34	the	the	DET
ajfa-10871	153	35	previous	previous	ADJ
ajfa-10871	153	36	year	year	NOUN
ajfa-10871	153	37	dividends	dividend	NOUN
ajfa-10871	153	38	.	.	PUNCT
ajfa-10871	154	1	however	however	ADV
ajfa-10871	154	2	,	,	PUNCT
ajfa-10871	154	3	pruitt	pruitt	PROPN
ajfa-10871	154	4	and	and	CCONJ
ajfa-10871	154	5	gitman	gitman	PROPN
ajfa-10871	154	6	,	,	PUNCT
ajfa-10871	154	7	1991	1991	NUM
ajfa-10871	154	8	argued	argue	VERB
ajfa-10871	154	9	that	that	SCONJ
ajfa-10871	154	10	both	both	CCONJ
ajfa-10871	154	11	current	current	ADJ
ajfa-10871	154	12	and	and	CCONJ
ajfa-10871	154	13	past	past	ADJ
ajfa-10871	154	14	year	year	NOUN
ajfa-10871	154	15	profits	profit	NOUN
ajfa-10871	154	16	determine	determine	VERB
ajfa-10871	154	17	dividend	dividend	NOUN
ajfa-10871	154	18	payments	payment	NOUN
ajfa-10871	154	19	.	.	PUNCT
ajfa-10871	155	1	a	a	DET
ajfa-10871	155	2	considerable	considerable	ADJ
ajfa-10871	155	3	number	number	NOUN
ajfa-10871	155	4	of	of	ADP
ajfa-10871	155	5	other	other	ADJ
ajfa-10871	155	6	studies	study	NOUN
ajfa-10871	155	7	also	also	ADV
ajfa-10871	155	8	found	find	VERB
ajfa-10871	155	9	positive	positive	ADJ
ajfa-10871	155	10	relationship	relationship	NOUN
ajfa-10871	155	11	between	between	ADP
ajfa-10871	155	12	dividend	dividend	NOUN
ajfa-10871	155	13	payout	payout	NOUN
ajfa-10871	155	14	and	and	CCONJ
ajfa-10871	155	15	profitability	profitability	NOUN
ajfa-10871	155	16	of	of	ADP
ajfa-10871	155	17	firms	firm	NOUN
ajfa-10871	155	18	(	(	PUNCT
ajfa-10871	155	19	amidu	amidu	ADJ
ajfa-10871	155	20	and	and	CCONJ
ajfa-10871	155	21	abor	abor	NOUN
ajfa-10871	155	22	,	,	PUNCT
ajfa-10871	155	23	2006	2006	NUM
ajfa-10871	155	24	;	;	PUNCT
ajfa-10871	155	25	baker	baker	PROPN
ajfa-10871	155	26	and	and	CCONJ
ajfa-10871	155	27	powell	powell	PROPN
ajfa-10871	155	28	,	,	PUNCT
ajfa-10871	155	29	2000	2000	NUM
ajfa-10871	155	30	;	;	PUNCT
ajfa-10871	155	31	fama	fama	PROPN
ajfa-10871	155	32	and	and	CCONJ
ajfa-10871	155	33	french	french	ADJ
ajfa-10871	155	34	,	,	PUNCT
ajfa-10871	155	35	2001	2001	NUM
ajfa-10871	155	36	;	;	PUNCT
ajfa-10871	155	37	han	han	PROPN
ajfa-10871	155	38	,	,	PUNCT
ajfa-10871	155	39	lee	lee	PROPN
ajfa-10871	155	40	and	and	CCONJ
ajfa-10871	155	41	suck	suck	VERB
ajfa-10871	155	42	,	,	PUNCT
ajfa-10871	155	43	1999	1999	NUM
ajfa-10871	155	44	;	;	PUNCT
ajfa-10871	155	45	jensen	jensen	PROPN
ajfa-10871	155	46	,	,	PUNCT
ajfa-10871	155	47	solberg	solberg	PROPN
ajfa-10871	155	48	and	and	CCONJ
ajfa-10871	155	49	zorn	zorn	NOUN
ajfa-10871	155	50	,	,	PUNCT
ajfa-10871	155	51	1992	1992	NUM
ajfa-10871	155	52	;	;	PUNCT
ajfa-10871	155	53	kohli	kohli	PROPN
ajfa-10871	155	54	,	,	PUNCT
ajfa-10871	155	55	sharma	sharma	PROPN
ajfa-10871	155	56	and	and	CCONJ
ajfa-10871	155	57	sood	sood	PROPN
ajfa-10871	155	58	,	,	PUNCT
ajfa-10871	155	59	2011	2011	NUM
ajfa-10871	155	60	)	)	PUNCT
ajfa-10871	155	61	.	.	PUNCT
ajfa-10871	156	1	based	base	VERB
ajfa-10871	156	2	on	on	ADP
ajfa-10871	156	3	the	the	DET
ajfa-10871	156	4	theory	theory	NOUN
ajfa-10871	156	5	and	and	CCONJ
ajfa-10871	156	6	past	past	ADJ
ajfa-10871	156	7	research	research	NOUN
ajfa-10871	156	8	findings	finding	NOUN
ajfa-10871	156	9	,	,	PUNCT
ajfa-10871	156	10	the	the	DET
ajfa-10871	156	11	fourth	fourth	ADJ
ajfa-10871	156	12	hypothesis	hypothesis	NOUN
ajfa-10871	156	13	is	be	AUX
ajfa-10871	156	14	:	:	PUNCT
ajfa-10871	156	15	hypothesis	hypothesis	NOUN
ajfa-10871	156	16	4	4	NUM
ajfa-10871	156	17	:	:	PUNCT
ajfa-10871	156	18	there	there	PRON
ajfa-10871	156	19	is	be	VERB
ajfa-10871	156	20	a	a	DET
ajfa-10871	156	21	significant	significant	ADJ
ajfa-10871	156	22	relationship	relationship	NOUN
ajfa-10871	156	23	between	between	ADP
ajfa-10871	156	24	profitability	profitability	NOUN
ajfa-10871	156	25	and	and	CCONJ
ajfa-10871	156	26	dividend	dividend	NOUN
ajfa-10871	156	27	payout	payout	NOUN
ajfa-10871	156	28	.	.	PUNCT
ajfa-10871	157	1	6.1.6	6.1.6	NUM
ajfa-10871	157	2	last	last	ADJ
ajfa-10871	157	3	year	year	NOUN
ajfa-10871	157	4	dividend	dividend	NOUN
ajfa-10871	157	5	rehman	rehman	NOUN
ajfa-10871	157	6	(	(	PUNCT
ajfa-10871	157	7	2012	2012	NUM
ajfa-10871	157	8	)	)	PUNCT
ajfa-10871	157	9	found	find	VERB
ajfa-10871	157	10	that	that	SCONJ
ajfa-10871	157	11	last	last	ADJ
ajfa-10871	157	12	year	year	NOUN
ajfa-10871	157	13	dividend	dividend	NOUN
ajfa-10871	157	14	has	have	VERB
ajfa-10871	157	15	significant	significant	ADJ
ajfa-10871	157	16	impact	impact	NOUN
ajfa-10871	157	17	on	on	ADP
ajfa-10871	157	18	the	the	DET
ajfa-10871	157	19	dividend	dividend	NOUN
ajfa-10871	157	20	payout	payout	NOUN
ajfa-10871	157	21	of	of	ADP
ajfa-10871	157	22	current	current	ADJ
ajfa-10871	157	23	period	period	NOUN
ajfa-10871	157	24	,	,	PUNCT
ajfa-10871	157	25	and	and	CCONJ
ajfa-10871	157	26	firms	firm	NOUN
ajfa-10871	157	27	strive	strive	VERB
ajfa-10871	157	28	to	to	PART
ajfa-10871	157	29	increase	increase	VERB
ajfa-10871	157	30	the	the	DET
ajfa-10871	157	31	payout	payout	ADJ
ajfa-10871	157	32	ratio	ratio	NOUN
ajfa-10871	157	33	for	for	ADP
ajfa-10871	157	34	the	the	DET
ajfa-10871	157	35	subsequent	subsequent	ADJ
ajfa-10871	157	36	years	year	NOUN
ajfa-10871	157	37	rather	rather	ADV
ajfa-10871	157	38	than	than	ADP
ajfa-10871	157	39	reducing	reduce	VERB
ajfa-10871	157	40	it	it	PRON
ajfa-10871	157	41	.	.	PUNCT
ajfa-10871	158	1	according	accord	VERB
ajfa-10871	158	2	to	to	ADP
ajfa-10871	158	3	zameer	zameer	PROPN
ajfa-10871	158	4	et	et	NOUN
ajfa-10871	158	5	al	al	PROPN
ajfa-10871	158	6	.	.	PROPN
ajfa-10871	158	7	,	,	PUNCT
ajfa-10871	158	8	2013	2013	NUM
ajfa-10871	158	9	and	and	CCONJ
ajfa-10871	158	10	lintner	lintner	NOUN
ajfa-10871	158	11	,	,	PUNCT
ajfa-10871	158	12	1965	1965	NUM
ajfa-10871	158	13	,	,	PUNCT
ajfa-10871	158	14	firms	firm	NOUN
ajfa-10871	158	15	try	try	VERB
ajfa-10871	158	16	to	to	PART
ajfa-10871	158	17	maintain	maintain	VERB
ajfa-10871	158	18	previous	previous	ADJ
ajfa-10871	158	19	pay	pay	NOUN
ajfa-10871	158	20	out	out	ADP
ajfa-10871	158	21	pattern	pattern	NOUN
ajfa-10871	158	22	to	to	PART
ajfa-10871	158	23	ensure	ensure	VERB
ajfa-10871	158	24	a	a	DET
ajfa-10871	158	25	stable	stable	ADJ
ajfa-10871	158	26	dividend	dividend	NOUN
ajfa-10871	158	27	payout	payout	NOUN
ajfa-10871	158	28	and	and	CCONJ
ajfa-10871	158	29	to	to	PART
ajfa-10871	158	30	progressively	progressively	ADV
ajfa-10871	158	31	increase	increase	VERB
ajfa-10871	158	32	the	the	DET
ajfa-10871	158	33	dividend	dividend	NOUN
ajfa-10871	158	34	payout	payout	NOUN
ajfa-10871	158	35	ratio	ratio	NOUN
ajfa-10871	158	36	.	.	PUNCT
ajfa-10871	159	1	these	these	DET
ajfa-10871	159	2	findings	finding	NOUN
ajfa-10871	159	3	point	point	VERB
ajfa-10871	159	4	out	out	ADP
ajfa-10871	159	5	that	that	SCONJ
ajfa-10871	159	6	previous	previous	ADJ
ajfa-10871	159	7	year	year	NOUN
ajfa-10871	159	8	dividends	dividend	NOUN
ajfa-10871	159	9	positively	positively	ADV
ajfa-10871	159	10	affect	affect	VERB
ajfa-10871	159	11	current	current	ADJ
ajfa-10871	159	12	year	year	NOUN
ajfa-10871	159	13	dividends	dividend	NOUN
ajfa-10871	159	14	and	and	CCONJ
ajfa-10871	159	15	therefore	therefore	ADV
ajfa-10871	159	16	,	,	PUNCT
ajfa-10871	159	17	the	the	DET
ajfa-10871	159	18	fifth	fifth	ADJ
ajfa-10871	159	19	hypothesis	hypothesis	NOUN
ajfa-10871	159	20	becomes	become	VERB
ajfa-10871	159	21	:	:	PUNCT
ajfa-10871	159	22	hypothesis	hypothesis	NOUN
ajfa-10871	159	23	5	5	NUM
ajfa-10871	159	24	:	:	PUNCT
ajfa-10871	159	25	last	last	ADJ
ajfa-10871	159	26	year	year	NOUN
ajfa-10871	159	27	dividend	dividend	NOUN
ajfa-10871	159	28	has	have	VERB
ajfa-10871	159	29	a	a	DET
ajfa-10871	159	30	significant	significant	ADJ
ajfa-10871	159	31	relationship	relationship	NOUN
ajfa-10871	159	32	with	with	ADP
ajfa-10871	159	33	dividend	dividend	NOUN
ajfa-10871	159	34	payout	payout	NOUN
ajfa-10871	159	35	.	.	PUNCT
ajfa-10871	160	1	6.1.7	6.1.7	NUM
ajfa-10871	160	2	price	price	NOUN
ajfa-10871	160	3	to	to	ADP
ajfa-10871	160	4	earnings	earning	NOUN
ajfa-10871	160	5	(	(	PUNCT
ajfa-10871	160	6	p	p	X
ajfa-10871	160	7	/	/	SYM
ajfa-10871	160	8	e	e	NOUN
ajfa-10871	160	9	)	)	PUNCT
ajfa-10871	160	10	ratio	ratio	NOUN
ajfa-10871	160	11	scholarly	scholarly	ADJ
ajfa-10871	160	12	research	research	NOUN
ajfa-10871	160	13	considered	consider	VERB
ajfa-10871	160	14	dividend	dividend	NOUN
ajfa-10871	160	15	payout	payout	NOUN
ajfa-10871	160	16	of	of	ADP
ajfa-10871	160	17	a	a	DET
ajfa-10871	160	18	company	company	NOUN
ajfa-10871	160	19	to	to	PART
ajfa-10871	160	20	have	have	VERB
ajfa-10871	160	21	substantial	substantial	ADJ
ajfa-10871	160	22	impact	impact	NOUN
ajfa-10871	160	23	on	on	ADP
ajfa-10871	160	24	the	the	DET
ajfa-10871	160	25	price	price	NOUN
ajfa-10871	160	26	of	of	ADP
ajfa-10871	160	27	its	its	PRON
ajfa-10871	160	28	shares	share	NOUN
ajfa-10871	160	29	in	in	ADP
ajfa-10871	160	30	the	the	DET
ajfa-10871	160	31	equity	equity	NOUN
ajfa-10871	160	32	market	market	NOUN
ajfa-10871	160	33	(	(	PUNCT
ajfa-10871	160	34	banz	banz	NOUN
ajfa-10871	160	35	,	,	PUNCT
ajfa-10871	160	36	1981	1981	NUM
ajfa-10871	160	37	;	;	PUNCT
ajfa-10871	160	38	howatt	howatt	NOUN
ajfa-10871	160	39	et	et	PROPN
ajfa-10871	160	40	al	al	PROPN
ajfa-10871	160	41	.	.	PROPN
ajfa-10871	160	42	,	,	PUNCT
ajfa-10871	160	43	2009	2009	NUM
ajfa-10871	160	44	;	;	PUNCT
ajfa-10871	160	45	miller	miller	PROPN
ajfa-10871	160	46	and	and	CCONJ
ajfa-10871	160	47	modigliani	modigliani	PROPN
ajfa-10871	160	48	,	,	PUNCT
ajfa-10871	160	49	1961	1961	NUM
ajfa-10871	160	50	;	;	PUNCT
ajfa-10871	160	51	ohlson	ohlson	NOUN
ajfa-10871	160	52	and	and	CCONJ
ajfa-10871	160	53	juettner	juettner	NOUN
ajfa-10871	160	54	-	-	PUNCT
ajfa-10871	160	55	nauroth	nauroth	ADJ
ajfa-10871	160	56	,	,	PUNCT
ajfa-10871	160	57	2005	2005	NUM
ajfa-10871	160	58	)	)	PUNCT
ajfa-10871	160	59	.	.	PUNCT
ajfa-10871	161	1	studies	study	NOUN
ajfa-10871	161	2	also	also	ADV
ajfa-10871	161	3	focused	focus	VERB
ajfa-10871	161	4	on	on	ADP
ajfa-10871	161	5	the	the	DET
ajfa-10871	161	6	relationship	relationship	NOUN
ajfa-10871	161	7	between	between	ADP
ajfa-10871	161	8	earnings	earning	NOUN
ajfa-10871	161	9	of	of	ADP
ajfa-10871	161	10	a	a	DET
ajfa-10871	161	11	corporation	corporation	NOUN
ajfa-10871	161	12	and	and	CCONJ
ajfa-10871	161	13	its	its	PRON
ajfa-10871	161	14	dividend	dividend	NOUN
ajfa-10871	161	15	policy	policy	NOUN
ajfa-10871	161	16	(	(	PUNCT
ajfa-10871	161	17	pandey	pandey	PROPN
ajfa-10871	161	18	,	,	PUNCT
ajfa-10871	161	19	2003	2003	NUM
ajfa-10871	161	20	;	;	PUNCT
ajfa-10871	161	21	nissim	nissim	PROPN
ajfa-10871	161	22	&	&	CCONJ
ajfa-10871	161	23	ziv	ziv	PROPN
ajfa-10871	161	24	,	,	PUNCT
ajfa-10871	161	25	2001	2001	NUM
ajfa-10871	161	26	)	)	PUNCT
ajfa-10871	161	27	.	.	PUNCT
ajfa-10871	162	1	based	base	VERB
ajfa-10871	162	2	on	on	ADP
ajfa-10871	162	3	the	the	DET
ajfa-10871	162	4	empirical	empirical	ADJ
ajfa-10871	162	5	literature	literature	NOUN
ajfa-10871	162	6	,	,	PUNCT
ajfa-10871	162	7	the	the	DET
ajfa-10871	162	8	sixth	sixth	ADJ
ajfa-10871	162	9	hypothesis	hypothesis	NOUN
ajfa-10871	162	10	becomes	become	VERB
ajfa-10871	162	11	:	:	PUNCT
ajfa-10871	162	12	hypothesis	hypothesis	NOUN
ajfa-10871	162	13	6	6	NUM
ajfa-10871	162	14	:	:	PUNCT
ajfa-10871	162	15	there	there	PRON
ajfa-10871	162	16	is	be	VERB
ajfa-10871	162	17	significant	significant	ADJ
ajfa-10871	162	18	relationship	relationship	NOUN
ajfa-10871	162	19	between	between	ADP
ajfa-10871	162	20	p	p	PROPN
ajfa-10871	162	21	/	/	SYM
ajfa-10871	162	22	e	e	NOUN
ajfa-10871	162	23	ratio	ratio	NOUN
ajfa-10871	162	24	and	and	CCONJ
ajfa-10871	162	25	dividend	dividend	NOUN
ajfa-10871	162	26	payout	payout	NOUN
ajfa-10871	162	27	.	.	PUNCT
ajfa-10871	163	1	besides	besides	SCONJ
ajfa-10871	163	2	the	the	DET
ajfa-10871	163	3	variables	variable	NOUN
ajfa-10871	163	4	scrutinized	scrutinize	VERB
ajfa-10871	163	5	as	as	ADP
ajfa-10871	163	6	determinants	determinant	NOUN
ajfa-10871	163	7	of	of	ADP
ajfa-10871	163	8	dividend	dividend	NOUN
ajfa-10871	163	9	payout	payout	NOUN
ajfa-10871	163	10	,	,	PUNCT
ajfa-10871	163	11	some	some	DET
ajfa-10871	163	12	other	other	ADJ
ajfa-10871	163	13	variables	variable	NOUN
ajfa-10871	163	14	such	such	ADJ
ajfa-10871	163	15	as	as	ADP
ajfa-10871	163	16	ownership	ownership	NOUN
ajfa-10871	163	17	structure	structure	NOUN
ajfa-10871	163	18	,	,	PUNCT
ajfa-10871	163	19	firm	firm	ADJ
ajfa-10871	163	20	age	age	NOUN
ajfa-10871	163	21	,	,	PUNCT
ajfa-10871	163	22	market	market	NOUN
ajfa-10871	163	23	share	share	NOUN
ajfa-10871	163	24	and	and	CCONJ
ajfa-10871	163	25	risk	risk	NOUN
ajfa-10871	163	26	have	have	AUX
ajfa-10871	163	27	been	be	AUX
ajfa-10871	163	28	used	use	VERB
ajfa-10871	163	29	in	in	ADP
ajfa-10871	163	30	the	the	DET
ajfa-10871	163	31	study	study	NOUN
ajfa-10871	163	32	as	as	ADP
ajfa-10871	163	33	control	control	NOUN
ajfa-10871	163	34	variables	variable	NOUN
ajfa-10871	163	35	.	.	PUNCT
ajfa-10871	164	1	6.2	6.2	NUM
ajfa-10871	164	2	model	model	NOUN
ajfa-10871	164	3	specification	specification	NOUN
ajfa-10871	164	4	linear	linear	ADJ
ajfa-10871	164	5	multiple	multiple	ADJ
ajfa-10871	164	6	regression	regression	NOUN
ajfa-10871	164	7	model	model	NOUN
ajfa-10871	164	8	has	have	AUX
ajfa-10871	164	9	been	be	AUX
ajfa-10871	164	10	used	use	VERB
ajfa-10871	164	11	for	for	ADP
ajfa-10871	164	12	testing	test	VERB
ajfa-10871	164	13	the	the	DET
ajfa-10871	164	14	hypotheses	hypothesis	NOUN
ajfa-10871	164	15	presented	present	VERB
ajfa-10871	164	16	here	here	ADV
ajfa-10871	164	17	.	.	PUNCT
ajfa-10871	165	1	the	the	DET
ajfa-10871	165	2	dependent	dependent	ADJ
ajfa-10871	165	3	variable	variable	NOUN
ajfa-10871	165	4	of	of	ADP
ajfa-10871	165	5	the	the	DET
ajfa-10871	165	6	model	model	NOUN
ajfa-10871	165	7	is	be	AUX
ajfa-10871	165	8	dividend	dividend	NOUN
ajfa-10871	165	9	payout	payout	NOUN
ajfa-10871	165	10	ratio	ratio	NOUN
ajfa-10871	165	11	(	(	PUNCT
ajfa-10871	165	12	div	div	PROPN
ajfa-10871	165	13	)	)	PUNCT
ajfa-10871	165	14	and	and	CCONJ
ajfa-10871	165	15	the	the	DET
ajfa-10871	165	16	independent	independent	ADJ
ajfa-10871	165	17	variables	variable	NOUN
ajfa-10871	165	18	are	be	AUX
ajfa-10871	165	19	firm	firm	ADJ
ajfa-10871	165	20	size	size	NOUN
ajfa-10871	165	21	(	(	PUNCT
ajfa-10871	165	22	size	size	NOUN
ajfa-10871	165	23	)	)	PUNCT
ajfa-10871	165	24	,	,	PUNCT
ajfa-10871	165	25	firm	firm	ADJ
ajfa-10871	165	26	growth	growth	NOUN
ajfa-10871	165	27	(	(	PUNCT
ajfa-10871	165	28	grth	grth	PROPN
ajfa-10871	165	29	)	)	PUNCT
ajfa-10871	165	30	,	,	PUNCT
ajfa-10871	165	31	liquidity	liquidity	NOUN
ajfa-10871	165	32	(	(	PUNCT
ajfa-10871	165	33	liq	liq	NOUN
ajfa-10871	165	34	)	)	PUNCT
ajfa-10871	165	35	,	,	PUNCT
ajfa-10871	165	36	profitability	profitability	NOUN
ajfa-10871	165	37	(	(	PUNCT
ajfa-10871	165	38	prof	prof	NOUN
ajfa-10871	165	39	)	)	PUNCT
ajfa-10871	165	40	,	,	PUNCT
ajfa-10871	165	41	last	last	ADJ
ajfa-10871	165	42	asian	asian	ADJ
ajfa-10871	165	43	journal	journal	NOUN
ajfa-10871	165	44	of	of	ADP
ajfa-10871	165	45	finance	finance	PROPN
ajfa-10871	165	46	&	&	CCONJ
ajfa-10871	165	47	accounting	accounting	PROPN
ajfa-10871	165	48	issn	issn	PROPN
ajfa-10871	165	49	1946	1946	NUM
ajfa-10871	165	50	-	-	PUNCT
ajfa-10871	165	51	052x	052x	PROPN
ajfa-10871	165	52	2017	2017	NUM
ajfa-10871	165	53	,	,	PUNCT
ajfa-10871	165	54	vol	vol	NOUN
ajfa-10871	165	55	.	.	NOUN
ajfa-10871	166	1	9	9	NUM
ajfa-10871	166	2	,	,	PUNCT
ajfa-10871	166	3	no	no	INTJ
ajfa-10871	166	4	.	.	NOUN
ajfa-10871	166	5	1	1	NUM
ajfa-10871	166	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	166	7	179	179	NUM
ajfa-10871	166	8	year	year	NOUN
ajfa-10871	166	9	dividend	dividend	NOUN
ajfa-10871	166	10	(	(	PUNCT
ajfa-10871	166	11	divt-1	divt-1	PROPN
ajfa-10871	166	12	)	)	PUNCT
ajfa-10871	166	13	and	and	CCONJ
ajfa-10871	166	14	price	price	NOUN
ajfa-10871	166	15	to	to	ADP
ajfa-10871	166	16	earnings	earning	NOUN
ajfa-10871	166	17	ratio	ratio	NOUN
ajfa-10871	166	18	(	(	PUNCT
ajfa-10871	166	19	p	p	NOUN
ajfa-10871	166	20	/	/	SYM
ajfa-10871	166	21	e	e	NOUN
ajfa-10871	166	22	ratio	ratio	NOUN
ajfa-10871	166	23	)	)	PUNCT
ajfa-10871	166	24	.	.	PUNCT
ajfa-10871	167	1	the	the	DET
ajfa-10871	167	2	control	control	NOUN
ajfa-10871	167	3	variables	variable	NOUN
ajfa-10871	167	4	used	use	VERB
ajfa-10871	167	5	here	here	ADV
ajfa-10871	167	6	are	be	AUX
ajfa-10871	167	7	ownership	ownership	NOUN
ajfa-10871	167	8	structure	structure	NOUN
ajfa-10871	167	9	(	(	PUNCT
ajfa-10871	167	10	own	own	ADJ
ajfa-10871	167	11	)	)	PUNCT
ajfa-10871	167	12	,	,	PUNCT
ajfa-10871	167	13	firm	firm	ADJ
ajfa-10871	167	14	age	age	NOUN
ajfa-10871	167	15	(	(	PUNCT
ajfa-10871	167	16	age	age	NOUN
ajfa-10871	167	17	)	)	PUNCT
ajfa-10871	167	18	,	,	PUNCT
ajfa-10871	167	19	market	market	NOUN
ajfa-10871	167	20	share	share	NOUN
ajfa-10871	167	21	(	(	PUNCT
ajfa-10871	167	22	mktshr	mktshr	NOUN
ajfa-10871	167	23	)	)	PUNCT
ajfa-10871	167	24	and	and	CCONJ
ajfa-10871	167	25	risk	risk	NOUN
ajfa-10871	167	26	(	(	PUNCT
ajfa-10871	167	27	risk	risk	NOUN
ajfa-10871	167	28	)	)	PUNCT
ajfa-10871	167	29	.	.	PUNCT
ajfa-10871	168	1	therefore	therefore	ADV
ajfa-10871	168	2	,	,	PUNCT
ajfa-10871	168	3	the	the	DET
ajfa-10871	168	4	regression	regression	NOUN
ajfa-10871	168	5	equation	equation	NOUN
ajfa-10871	168	6	is	be	AUX
ajfa-10871	168	7	as	as	SCONJ
ajfa-10871	168	8	follows	follow	VERB
ajfa-10871	168	9	:	:	PUNCT
ajfa-10871	169	1	div	div	X
ajfa-10871	169	2	=	=	SYM
ajfa-10871	169	3	β0	β0	PROPN
ajfa-10871	169	4	+	+	CCONJ
ajfa-10871	169	5	β1	β1	PROPN
ajfa-10871	169	6	(	(	PUNCT
ajfa-10871	169	7	size	size	NOUN
ajfa-10871	169	8	)	)	PUNCT
ajfa-10871	170	1	+	+	CCONJ
ajfa-10871	170	2	β2	β2	NOUN
ajfa-10871	170	3	(	(	PUNCT
ajfa-10871	170	4	grth	grth	PROPN
ajfa-10871	170	5	)	)	PUNCT
ajfa-10871	170	6	+	+	CCONJ
ajfa-10871	170	7	β3	β3	ADJ
ajfa-10871	170	8	(	(	PUNCT
ajfa-10871	170	9	liq	liq	NOUN
ajfa-10871	170	10	)	)	PUNCT
ajfa-10871	170	11	+	+	CCONJ
ajfa-10871	170	12	β4	β4	PROPN
ajfa-10871	170	13	(	(	PUNCT
ajfa-10871	170	14	prof	prof	NOUN
ajfa-10871	170	15	)	)	PUNCT
ajfa-10871	170	16	+	+	CCONJ
ajfa-10871	171	1	β5	β5	NOUN
ajfa-10871	171	2	(	(	PUNCT
ajfa-10871	171	3	divt-1	divt-1	PROPN
ajfa-10871	171	4	)	)	PUNCT
ajfa-10871	171	5	+	+	NUM
ajfa-10871	171	6	β6	β6	PROPN
ajfa-10871	171	7	(	(	PUNCT
ajfa-10871	171	8	p	p	X
ajfa-10871	171	9	/	/	SYM
ajfa-10871	171	10	e	e	NOUN
ajfa-10871	171	11	ratio	ratio	NOUN
ajfa-10871	171	12	)	)	PUNCT
ajfa-10871	172	1	+	+	CCONJ
ajfa-10871	172	2	β7	β7	ADJ
ajfa-10871	172	3	(	(	PUNCT
ajfa-10871	172	4	own	own	ADJ
ajfa-10871	172	5	)	)	PUNCT
ajfa-10871	173	1	+	+	CCONJ
ajfa-10871	173	2	β8	β8	ADJ
ajfa-10871	173	3	(	(	PUNCT
ajfa-10871	173	4	age	age	NOUN
ajfa-10871	173	5	)	)	PUNCT
ajfa-10871	174	1	+	+	NUM
ajfa-10871	174	2	β9	β9	ADJ
ajfa-10871	174	3	(	(	PUNCT
ajfa-10871	174	4	mktshr	mktshr	NOUN
ajfa-10871	174	5	)	)	PUNCT
ajfa-10871	175	1	+	+	NUM
ajfa-10871	175	2	β10	β10	NOUN
ajfa-10871	175	3	(	(	PUNCT
ajfa-10871	175	4	risk	risk	NOUN
ajfa-10871	175	5	)	)	PUNCT
ajfa-10871	176	1	+	+	CCONJ
ajfa-10871	176	2	e0	e0	PROPN
ajfa-10871	176	3	6.3	6.3	NUM
ajfa-10871	176	4	variable	variable	ADJ
ajfa-10871	176	5	definition	definition	NOUN
ajfa-10871	176	6	1	1	NUM
ajfa-10871	176	7	.	.	PUNCT
ajfa-10871	176	8	firm	firm	ADJ
ajfa-10871	176	9	size	size	NOUN
ajfa-10871	176	10	(	(	PUNCT
ajfa-10871	176	11	size	size	NOUN
ajfa-10871	176	12	)	)	PUNCT
ajfa-10871	176	13	is	be	AUX
ajfa-10871	176	14	an	an	DET
ajfa-10871	176	15	algebraic	algebraic	ADJ
ajfa-10871	176	16	expression	expression	NOUN
ajfa-10871	176	17	of	of	ADP
ajfa-10871	176	18	the	the	DET
ajfa-10871	176	19	natural	natural	ADJ
ajfa-10871	176	20	logarithm	logarithm	NOUN
ajfa-10871	176	21	of	of	ADP
ajfa-10871	176	22	firms	firm	NOUN
ajfa-10871	176	23	’	’	PART
ajfa-10871	176	24	total	total	ADJ
ajfa-10871	176	25	asset	asset	NOUN
ajfa-10871	176	26	.	.	PUNCT
ajfa-10871	177	1	2	2	X
ajfa-10871	177	2	.	.	X
ajfa-10871	177	3	growth	growth	NOUN
ajfa-10871	177	4	rate	rate	NOUN
ajfa-10871	177	5	(	(	PUNCT
ajfa-10871	177	6	grow	grow	VERB
ajfa-10871	177	7	)	)	PUNCT
ajfa-10871	177	8	is	be	AUX
ajfa-10871	177	9	measured	measure	VERB
ajfa-10871	177	10	as	as	ADP
ajfa-10871	177	11	the	the	DET
ajfa-10871	177	12	growth	growth	NOUN
ajfa-10871	177	13	rate	rate	NOUN
ajfa-10871	177	14	of	of	ADP
ajfa-10871	177	15	sales	sale	NOUN
ajfa-10871	177	16	3	3	NUM
ajfa-10871	177	17	.	.	PUNCT
ajfa-10871	178	1	liquidity	liquidity	NOUN
ajfa-10871	178	2	(	(	PUNCT
ajfa-10871	178	3	liq	liq	NOUN
ajfa-10871	178	4	)	)	PUNCT
ajfa-10871	178	5	is	be	AUX
ajfa-10871	178	6	measured	measure	VERB
ajfa-10871	178	7	as	as	ADP
ajfa-10871	178	8	a	a	DET
ajfa-10871	178	9	natural	natural	ADJ
ajfa-10871	178	10	logarithm	logarithm	NOUN
ajfa-10871	178	11	of	of	ADP
ajfa-10871	178	12	a	a	DET
ajfa-10871	178	13	firm	firm	NOUN
ajfa-10871	178	14	’s	’s	PART
ajfa-10871	178	15	cash	cash	NOUN
ajfa-10871	178	16	flow	flow	NOUN
ajfa-10871	178	17	from	from	ADP
ajfa-10871	178	18	operations	operation	NOUN
ajfa-10871	178	19	.	.	PUNCT
ajfa-10871	179	1	4	4	X
ajfa-10871	179	2	.	.	X
ajfa-10871	179	3	return	return	VERB
ajfa-10871	179	4	on	on	ADP
ajfa-10871	179	5	equity	equity	NOUN
ajfa-10871	179	6	(	(	PUNCT
ajfa-10871	179	7	roe	roe	PROPN
ajfa-10871	179	8	)	)	PUNCT
ajfa-10871	179	9	has	have	AUX
ajfa-10871	179	10	been	be	AUX
ajfa-10871	179	11	used	use	VERB
ajfa-10871	179	12	as	as	ADP
ajfa-10871	179	13	a	a	DET
ajfa-10871	179	14	proxy	proxy	NOUN
ajfa-10871	179	15	for	for	ADP
ajfa-10871	179	16	profitability	profitability	NOUN
ajfa-10871	179	17	(	(	PUNCT
ajfa-10871	179	18	prof	prof	NOUN
ajfa-10871	179	19	)	)	PUNCT
ajfa-10871	179	20	.	.	PUNCT
ajfa-10871	180	1	roe	roe	PROPN
ajfa-10871	180	2	is	be	AUX
ajfa-10871	180	3	calculated	calculate	VERB
ajfa-10871	180	4	as	as	ADP
ajfa-10871	180	5	:	:	PUNCT
ajfa-10871	180	6	return	return	VERB
ajfa-10871	180	7	on	on	ADP
ajfa-10871	180	8	equity	equity	NOUN
ajfa-10871	180	9	=	=	SYM
ajfa-10871	180	10	net	net	ADJ
ajfa-10871	180	11	income	income	NOUN
ajfa-10871	180	12	/	/	SYM
ajfa-10871	180	13	shareholder	shareholder	NOUN
ajfa-10871	180	14	's	's	PART
ajfa-10871	180	15	equity	equity	NOUN
ajfa-10871	180	16	.	.	PUNCT
ajfa-10871	181	1	5	5	X
ajfa-10871	181	2	.	.	X
ajfa-10871	181	3	last	last	ADJ
ajfa-10871	181	4	year	year	NOUN
ajfa-10871	181	5	's	's	PART
ajfa-10871	181	6	dividend	dividend	NOUN
ajfa-10871	181	7	is	be	AUX
ajfa-10871	181	8	used	use	VERB
ajfa-10871	181	9	as	as	ADP
ajfa-10871	181	10	a	a	DET
ajfa-10871	181	11	proxy	proxy	NOUN
ajfa-10871	181	12	for	for	ADP
ajfa-10871	181	13	last	last	ADJ
ajfa-10871	181	14	year	year	NOUN
ajfa-10871	181	15	dividend	dividend	NOUN
ajfa-10871	181	16	(	(	PUNCT
ajfa-10871	181	17	divt-1	divt-1	PROPN
ajfa-10871	181	18	)	)	PUNCT
ajfa-10871	181	19	6	6	NUM
ajfa-10871	181	20	.	.	X
ajfa-10871	181	21	price	price	NOUN
ajfa-10871	181	22	to	to	ADP
ajfa-10871	181	23	earnings	earning	NOUN
ajfa-10871	181	24	ratio	ratio	NOUN
ajfa-10871	181	25	(	(	PUNCT
ajfa-10871	181	26	p	p	NOUN
ajfa-10871	181	27	/	/	SYM
ajfa-10871	181	28	e	e	NOUN
ajfa-10871	181	29	ratio	ratio	NOUN
ajfa-10871	181	30	)	)	PUNCT
ajfa-10871	181	31	is	be	AUX
ajfa-10871	181	32	calculated	calculate	VERB
ajfa-10871	181	33	as	as	ADP
ajfa-10871	181	34	:	:	PUNCT
ajfa-10871	181	35	p	p	X
ajfa-10871	181	36	/	/	SYM
ajfa-10871	181	37	e	e	NOUN
ajfa-10871	181	38	ratio	ratio	NOUN
ajfa-10871	181	39	=	=	NOUN
ajfa-10871	181	40	price	price	NOUN
ajfa-10871	181	41	per	per	ADP
ajfa-10871	181	42	share	share	NOUN
ajfa-10871	181	43	/	/	SYM
ajfa-10871	181	44	earnings	earning	NOUN
ajfa-10871	181	45	per	per	ADP
ajfa-10871	181	46	share	share	NOUN
ajfa-10871	181	47	(	(	PUNCT
ajfa-10871	181	48	eps	eps	PROPN
ajfa-10871	181	49	)	)	PUNCT
ajfa-10871	181	50	7	7	NUM
ajfa-10871	181	51	.	.	PUNCT
ajfa-10871	181	52	natural	natural	ADJ
ajfa-10871	181	53	logarithm	logarithm	NOUN
ajfa-10871	181	54	of	of	ADP
ajfa-10871	181	55	no	no	NOUN
ajfa-10871	181	56	.	.	PROPN
ajfa-10871	181	57	of	of	ADP
ajfa-10871	181	58	shareholders	shareholder	NOUN
ajfa-10871	181	59	is	be	AUX
ajfa-10871	181	60	used	use	VERB
ajfa-10871	181	61	as	as	ADP
ajfa-10871	181	62	a	a	DET
ajfa-10871	181	63	proxy	proxy	NOUN
ajfa-10871	181	64	for	for	ADP
ajfa-10871	181	65	ownership	ownership	NOUN
ajfa-10871	181	66	structure	structure	NOUN
ajfa-10871	181	67	(	(	PUNCT
ajfa-10871	181	68	own	own	ADJ
ajfa-10871	181	69	)	)	PUNCT
ajfa-10871	181	70	8	8	NUM
ajfa-10871	181	71	.	.	X
ajfa-10871	182	1	age	age	NOUN
ajfa-10871	182	2	of	of	ADP
ajfa-10871	182	3	each	each	PRON
ajfa-10871	182	4	of	of	ADP
ajfa-10871	182	5	the	the	DET
ajfa-10871	182	6	sample	sample	NOUN
ajfa-10871	182	7	firms	firm	NOUN
ajfa-10871	182	8	(	(	PUNCT
ajfa-10871	182	9	age	age	NOUN
ajfa-10871	182	10	)	)	PUNCT
ajfa-10871	182	11	is	be	AUX
ajfa-10871	182	12	considered	consider	VERB
ajfa-10871	182	13	from	from	ADP
ajfa-10871	182	14	the	the	DET
ajfa-10871	182	15	year	year	NOUN
ajfa-10871	182	16	of	of	ADP
ajfa-10871	182	17	its	its	PRON
ajfa-10871	182	18	listing	listing	NOUN
ajfa-10871	182	19	in	in	ADP
ajfa-10871	182	20	the	the	DET
ajfa-10871	182	21	dse	dse	PROPN
ajfa-10871	182	22	till	till	SCONJ
ajfa-10871	182	23	2014	2014	NUM
ajfa-10871	182	24	.	.	PUNCT
ajfa-10871	183	1	firm	firm	ADJ
ajfa-10871	183	2	age	age	NOUN
ajfa-10871	183	3	is	be	AUX
ajfa-10871	183	4	measured	measure	VERB
ajfa-10871	183	5	as	as	ADP
ajfa-10871	183	6	a	a	DET
ajfa-10871	183	7	natural	natural	ADJ
ajfa-10871	183	8	logarithm	logarithm	NOUN
ajfa-10871	183	9	of	of	ADP
ajfa-10871	183	10	a	a	DET
ajfa-10871	183	11	firm	firm	NOUN
ajfa-10871	183	12	's	's	PART
ajfa-10871	183	13	listing	listing	NOUN
ajfa-10871	183	14	age	age	NOUN
ajfa-10871	183	15	in	in	ADP
ajfa-10871	183	16	dse	dse	PROPN
ajfa-10871	183	17	.	.	PROPN
ajfa-10871	184	1	9	9	X
ajfa-10871	184	2	.	.	X
ajfa-10871	184	3	market	market	NOUN
ajfa-10871	184	4	share	share	NOUN
ajfa-10871	184	5	(	(	PUNCT
ajfa-10871	184	6	mktshr	mktshr	NOUN
ajfa-10871	184	7	)	)	PUNCT
ajfa-10871	184	8	is	be	AUX
ajfa-10871	184	9	calculated	calculate	VERB
ajfa-10871	184	10	as	as	ADP
ajfa-10871	184	11	sales	sale	NOUN
ajfa-10871	184	12	revenue	revenue	NOUN
ajfa-10871	184	13	of	of	ADP
ajfa-10871	184	14	individual	individual	ADJ
ajfa-10871	184	15	firms	firm	NOUN
ajfa-10871	184	16	for	for	ADP
ajfa-10871	184	17	a	a	DET
ajfa-10871	184	18	given	give	VERB
ajfa-10871	184	19	year	year	NOUN
ajfa-10871	184	20	divided	divide	VERB
ajfa-10871	184	21	by	by	ADP
ajfa-10871	184	22	the	the	DET
ajfa-10871	184	23	total	total	ADJ
ajfa-10871	184	24	sales	sale	NOUN
ajfa-10871	184	25	revenue	revenue	NOUN
ajfa-10871	184	26	of	of	ADP
ajfa-10871	184	27	all	all	DET
ajfa-10871	184	28	the	the	DET
ajfa-10871	184	29	firms	firm	NOUN
ajfa-10871	184	30	included	include	VERB
ajfa-10871	184	31	in	in	ADP
ajfa-10871	184	32	the	the	DET
ajfa-10871	184	33	data	datum	NOUN
ajfa-10871	184	34	set	set	VERB
ajfa-10871	184	35	for	for	ADP
ajfa-10871	184	36	the	the	DET
ajfa-10871	184	37	same	same	ADJ
ajfa-10871	184	38	year	year	NOUN
ajfa-10871	184	39	.	.	PUNCT
ajfa-10871	185	1	10	10	NUM
ajfa-10871	185	2	.	.	X
ajfa-10871	186	1	variability	variability	NOUN
ajfa-10871	186	2	in	in	ADP
ajfa-10871	186	3	profitability	profitability	NOUN
ajfa-10871	186	4	is	be	AUX
ajfa-10871	186	5	measured	measure	VERB
ajfa-10871	186	6	by	by	ADP
ajfa-10871	186	7	the	the	DET
ajfa-10871	186	8	standard	standard	ADJ
ajfa-10871	186	9	deviation	deviation	NOUN
ajfa-10871	186	10	of	of	ADP
ajfa-10871	186	11	roe	roe	NOUN
ajfa-10871	186	12	,	,	PUNCT
ajfa-10871	186	13	which	which	PRON
ajfa-10871	186	14	is	be	AUX
ajfa-10871	186	15	used	use	VERB
ajfa-10871	186	16	as	as	ADP
ajfa-10871	186	17	proxy	proxy	NOUN
ajfa-10871	186	18	for	for	ADP
ajfa-10871	186	19	risk	risk	NOUN
ajfa-10871	186	20	(	(	PUNCT
ajfa-10871	186	21	risk	risk	NOUN
ajfa-10871	186	22	)	)	PUNCT
ajfa-10871	186	23	11	11	NUM
ajfa-10871	186	24	.	.	PUNCT
ajfa-10871	187	1	dividend	dividend	NOUN
ajfa-10871	187	2	is	be	AUX
ajfa-10871	187	3	expressed	express	VERB
ajfa-10871	187	4	as	as	ADP
ajfa-10871	187	5	dividend	dividend	NOUN
ajfa-10871	187	6	payout	payout	NOUN
ajfa-10871	187	7	ratio	ratio	NOUN
ajfa-10871	187	8	which	which	PRON
ajfa-10871	187	9	is	be	AUX
ajfa-10871	187	10	calculated	calculate	VERB
ajfa-10871	187	11	as	as	ADP
ajfa-10871	187	12	dividend	dividend	NOUN
ajfa-10871	187	13	divided	divide	VERB
ajfa-10871	187	14	by	by	ADP
ajfa-10871	187	15	net	net	ADJ
ajfa-10871	187	16	income	income	NOUN
ajfa-10871	187	17	of	of	ADP
ajfa-10871	187	18	the	the	DET
ajfa-10871	187	19	firm	firm	NOUN
ajfa-10871	187	20	.	.	PUNCT
ajfa-10871	188	1	7	7	X
ajfa-10871	188	2	.	.	X
ajfa-10871	188	3	empirical	empirical	ADJ
ajfa-10871	188	4	analysis	analysis	NOUN
ajfa-10871	188	5	the	the	DET
ajfa-10871	188	6	empirical	empirical	ADJ
ajfa-10871	188	7	research	research	NOUN
ajfa-10871	188	8	griped	gripe	VERB
ajfa-10871	188	9	an	an	DET
ajfa-10871	188	10	examination	examination	NOUN
ajfa-10871	188	11	of	of	ADP
ajfa-10871	188	12	determinants	determinant	NOUN
ajfa-10871	188	13	of	of	ADP
ajfa-10871	188	14	dividend	dividend	NOUN
ajfa-10871	188	15	policy	policy	NOUN
ajfa-10871	188	16	of	of	ADP
ajfa-10871	188	17	the	the	DET
ajfa-10871	188	18	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	188	19	and	and	CCONJ
ajfa-10871	188	20	chemicals	chemical	NOUN
ajfa-10871	188	21	industries	industry	NOUN
ajfa-10871	188	22	of	of	ADP
ajfa-10871	188	23	bangladesh	bangladesh	PROPN
ajfa-10871	188	24	.	.	PUNCT
ajfa-10871	189	1	the	the	DET
ajfa-10871	189	2	result	result	NOUN
ajfa-10871	189	3	of	of	ADP
ajfa-10871	189	4	the	the	DET
ajfa-10871	189	5	study	study	NOUN
ajfa-10871	189	6	is	be	AUX
ajfa-10871	189	7	illustrated	illustrate	VERB
ajfa-10871	189	8	through	through	ADP
ajfa-10871	189	9	the	the	DET
ajfa-10871	189	10	relationship	relationship	NOUN
ajfa-10871	189	11	of	of	ADP
ajfa-10871	189	12	a	a	DET
ajfa-10871	189	13	number	number	NOUN
ajfa-10871	189	14	of	of	ADP
ajfa-10871	189	15	scrutinized	scrutinize	VERB
ajfa-10871	189	16	variables	variable	NOUN
ajfa-10871	189	17	to	to	PART
ajfa-10871	189	18	dividend	dividend	VERB
ajfa-10871	189	19	payout	payout	NOUN
ajfa-10871	189	20	,	,	PUNCT
ajfa-10871	189	21	an	an	DET
ajfa-10871	189	22	indicator	indicator	NOUN
ajfa-10871	189	23	of	of	ADP
ajfa-10871	189	24	dividend	dividend	NOUN
ajfa-10871	189	25	policy	policy	NOUN
ajfa-10871	189	26	.	.	PUNCT
ajfa-10871	190	1	7.1	7.1	NUM
ajfa-10871	190	2	descriptive	descriptive	ADJ
ajfa-10871	190	3	statistics	statistic	NOUN
ajfa-10871	190	4	table	table	NOUN
ajfa-10871	190	5	3	3	NUM
ajfa-10871	190	6	depicts	depict	VERB
ajfa-10871	190	7	the	the	DET
ajfa-10871	190	8	descriptive	descriptive	ADJ
ajfa-10871	190	9	statistics	statistic	NOUN
ajfa-10871	190	10	of	of	ADP
ajfa-10871	190	11	data	datum	NOUN
ajfa-10871	190	12	after	after	ADP
ajfa-10871	190	13	normalization	normalization	NOUN
ajfa-10871	190	14	of	of	ADP
ajfa-10871	190	15	firm	firm	ADJ
ajfa-10871	190	16	size	size	NOUN
ajfa-10871	190	17	,	,	PUNCT
ajfa-10871	190	18	liquidity	liquidity	NOUN
ajfa-10871	190	19	,	,	PUNCT
ajfa-10871	190	20	last	last	ADJ
ajfa-10871	190	21	year	year	NOUN
ajfa-10871	190	22	's	's	PART
ajfa-10871	190	23	dividend	dividend	NOUN
ajfa-10871	190	24	,	,	PUNCT
ajfa-10871	190	25	number	number	NOUN
ajfa-10871	190	26	of	of	ADP
ajfa-10871	190	27	shareholders	shareholder	NOUN
ajfa-10871	190	28	and	and	CCONJ
ajfa-10871	190	29	firm	firm	ADJ
ajfa-10871	190	30	listing	list	VERB
ajfa-10871	190	31	age	age	NOUN
ajfa-10871	190	32	.	.	PUNCT
ajfa-10871	191	1	the	the	DET
ajfa-10871	191	2	table	table	NOUN
ajfa-10871	191	3	lists	list	VERB
ajfa-10871	191	4	the	the	DET
ajfa-10871	191	5	mean	mean	ADJ
ajfa-10871	191	6	,	,	PUNCT
ajfa-10871	191	7	median	median	ADJ
ajfa-10871	191	8	,	,	PUNCT
ajfa-10871	191	9	standard	standard	ADJ
ajfa-10871	191	10	deviation	deviation	NOUN
ajfa-10871	191	11	(	(	PUNCT
ajfa-10871	191	12	sd	sd	NOUN
ajfa-10871	191	13	)	)	PUNCT
ajfa-10871	191	14	,	,	PUNCT
ajfa-10871	191	15	sample	sample	NOUN
ajfa-10871	191	16	variance	variance	NOUN
ajfa-10871	191	17	(	(	PUNCT
ajfa-10871	191	18	variance	variance	NOUN
ajfa-10871	191	19	)	)	PUNCT
ajfa-10871	191	20	,	,	PUNCT
ajfa-10871	191	21	minimum	minimum	NOUN
ajfa-10871	191	22	(	(	PUNCT
ajfa-10871	191	23	min	min	NOUN
ajfa-10871	191	24	)	)	PUNCT
ajfa-10871	191	25	and	and	CCONJ
ajfa-10871	191	26	maximum	maximum	ADJ
ajfa-10871	191	27	(	(	PUNCT
ajfa-10871	191	28	max	max	PROPN
ajfa-10871	191	29	)	)	PUNCT
ajfa-10871	191	30	values	value	NOUN
ajfa-10871	191	31	of	of	ADP
ajfa-10871	191	32	each	each	PRON
ajfa-10871	191	33	of	of	ADP
ajfa-10871	191	34	the	the	DET
ajfa-10871	191	35	variables	variable	NOUN
ajfa-10871	191	36	.	.	PUNCT
ajfa-10871	192	1	the	the	DET
ajfa-10871	192	2	mean	mean	NOUN
ajfa-10871	192	3	of	of	ADP
ajfa-10871	192	4	the	the	DET
ajfa-10871	192	5	dividend	dividend	NOUN
ajfa-10871	192	6	payout	payout	NOUN
ajfa-10871	192	7	ratio	ratio	NOUN
ajfa-10871	192	8	of	of	ADP
ajfa-10871	192	9	the	the	DET
ajfa-10871	192	10	sample	sample	NOUN
ajfa-10871	192	11	firms	firm	NOUN
ajfa-10871	192	12	signifies	signify	VERB
ajfa-10871	192	13	that	that	SCONJ
ajfa-10871	192	14	on	on	ADP
ajfa-10871	192	15	an	an	DET
ajfa-10871	192	16	average	average	ADJ
ajfa-10871	192	17	49	49	NUM
ajfa-10871	192	18	%	%	NOUN
ajfa-10871	192	19	asian	asian	ADJ
ajfa-10871	192	20	journal	journal	NOUN
ajfa-10871	192	21	of	of	ADP
ajfa-10871	192	22	finance	finance	PROPN
ajfa-10871	192	23	&	&	CCONJ
ajfa-10871	192	24	accounting	accounting	PROPN
ajfa-10871	192	25	issn	issn	PROPN
ajfa-10871	192	26	1946	1946	NUM
ajfa-10871	192	27	-	-	PUNCT
ajfa-10871	192	28	052x	052x	PROPN
ajfa-10871	192	29	2017	2017	NUM
ajfa-10871	192	30	,	,	PUNCT
ajfa-10871	192	31	vol	vol	NOUN
ajfa-10871	192	32	.	.	NOUN
ajfa-10871	192	33	9	9	NUM
ajfa-10871	192	34	,	,	PUNCT
ajfa-10871	192	35	no	no	INTJ
ajfa-10871	192	36	.	.	NOUN
ajfa-10871	192	37	1	1	NUM
ajfa-10871	192	38	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	192	39	180	180	NUM
ajfa-10871	192	40	table	table	NOUN
ajfa-10871	192	41	3	3	NUM
ajfa-10871	192	42	.	.	PUNCT
ajfa-10871	192	43	descriptive	descriptive	ADJ
ajfa-10871	192	44	statistics	statistic	NOUN
ajfa-10871	192	45	div	div	X
ajfa-10871	192	46	size	size	NOUN
ajfa-10871	192	47	(	(	PUNCT
ajfa-10871	192	48	n.	n.	NOUN
ajfa-10871	192	49	log	log	PROPN
ajfa-10871	192	50	)	)	PUNCT
ajfa-10871	192	51	grth	grth	PROPN
ajfa-10871	192	52	liq	liq	NOUN
ajfa-10871	192	53	(	(	PUNCT
ajfa-10871	192	54	n.	n.	NOUN
ajfa-10871	192	55	log	log	PROPN
ajfa-10871	192	56	)	)	PUNCT
ajfa-10871	192	57	prof	prof	NOUN
ajfa-10871	192	58	(	(	PUNCT
ajfa-10871	192	59	roe	roe	NOUN
ajfa-10871	192	60	)	)	PUNCT
ajfa-10871	192	61	divt-1	divt-1	PROPN
ajfa-10871	192	62	(	(	PUNCT
ajfa-10871	192	63	n.	n.	NOUN
ajfa-10871	192	64	log	log	PROPN
ajfa-10871	192	65	)	)	PUNCT
ajfa-10871	192	66	p	p	X
ajfa-10871	192	67	/	/	SYM
ajfa-10871	192	68	e	e	NOUN
ajfa-10871	192	69	ratio	ratio	NOUN
ajfa-10871	192	70	own	own	ADJ
ajfa-10871	192	71	(	(	PUNCT
ajfa-10871	192	72	n.	n.	NOUN
ajfa-10871	192	73	log	log	NOUN
ajfa-10871	192	74	)	)	PUNCT
ajfa-10871	192	75	age	age	NOUN
ajfa-10871	192	76	(	(	PUNCT
ajfa-10871	192	77	n.	n.	NOUN
ajfa-10871	192	78	log	log	NOUN
ajfa-10871	192	79	)	)	PUNCT
ajfa-10871	192	80	mktshr	mktshr	NOUN
ajfa-10871	192	81	risk	risk	NOUN
ajfa-10871	192	82	mean	mean	VERB
ajfa-10871	192	83	0.49	0.49	NUM
ajfa-10871	192	84	9.03	9.03	NUM
ajfa-10871	192	85	0.15	0.15	NUM
ajfa-10871	192	86	7.07	7.07	NUM
ajfa-10871	192	87	0.16	0.16	NUM
ajfa-10871	192	88	6.84	6.84	NUM
ajfa-10871	192	89	46.3	46.3	NUM
ajfa-10871	192	90	3.6	3.6	NUM
ajfa-10871	192	91	1.23	1.23	NUM
ajfa-10871	192	92	0.07	0.07	NUM
ajfa-10871	192	93	0.25	0.25	NUM
ajfa-10871	192	94	median	median	NOUN
ajfa-10871	192	95	0.43	0.43	NUM
ajfa-10871	192	96	9.01	9.01	NUM
ajfa-10871	192	97	0.13	0.13	NUM
ajfa-10871	193	1	7.81	7.81	NUM
ajfa-10871	193	2	0.14	0.14	NUM
ajfa-10871	193	3	7.3	7.3	NUM
ajfa-10871	193	4	16.56	16.56	NUM
ajfa-10871	193	5	3.62	3.62	NUM
ajfa-10871	193	6	1.26	1.26	NUM
ajfa-10871	193	7	0.04	0.04	NUM
ajfa-10871	193	8	0.06	0.06	NUM
ajfa-10871	193	9	sd	sd	ADP
ajfa-10871	193	10	0.49	0.49	NUM
ajfa-10871	193	11	0.68	0.68	NUM
ajfa-10871	193	12	0.23	0.23	NUM
ajfa-10871	193	13	2.73	2.73	NUM
ajfa-10871	193	14	0.48	0.48	NUM
ajfa-10871	193	15	2.09	2.09	NUM
ajfa-10871	193	16	108.7	108.7	NUM
ajfa-10871	193	17	0.71	0.71	NUM
ajfa-10871	193	18	0.25	0.25	NUM
ajfa-10871	193	19	0.08	0.08	NUM
ajfa-10871	193	20	0.39	0.39	NUM
ajfa-10871	193	21	sample	sample	NOUN
ajfa-10871	193	22	variance	variance	NOUN
ajfa-10871	193	23	0.24	0.24	NUM
ajfa-10871	193	24	0.46	0.46	NUM
ajfa-10871	193	25	0.05	0.05	NUM
ajfa-10871	193	26	7.43	7.43	NUM
ajfa-10871	193	27	0.23	0.23	NUM
ajfa-10871	193	28	4.36	4.36	NUM
ajfa-10871	193	29	11818	11818	NUM
ajfa-10871	193	30	0.51	0.51	NUM
ajfa-10871	193	31	0.06	0.06	NUM
ajfa-10871	193	32	0.01	0.01	NUM
ajfa-10871	193	33	0.16	0.16	NUM
ajfa-10871	193	34	minimum	minimum	NOUN
ajfa-10871	193	35	-1.23	-1.23	NUM
ajfa-10871	193	36	7.76	7.76	NUM
ajfa-10871	193	37	-0.36	-0.36	NOUN
ajfa-10871	193	38	0	0	NUM
ajfa-10871	194	1	-1.87	-1.87	NUM
ajfa-10871	194	2	0	0	NUM
ajfa-10871	194	3	-95.4	-95.4	NUM
ajfa-10871	194	4	0	0	NUM
ajfa-10871	194	5	0	0	NUM
ajfa-10871	194	6	0	0	NUM
ajfa-10871	194	7	0.01	0.01	NUM
ajfa-10871	194	8	maximum	maximum	NOUN
ajfa-10871	194	9	4.66	4.66	NUM
ajfa-10871	194	10	10.46	10.46	NUM
ajfa-10871	194	11	1.4	1.4	NUM
ajfa-10871	194	12	9.75	9.75	NUM
ajfa-10871	194	13	5.44	5.44	NUM
ajfa-10871	194	14	8.97	8.97	NUM
ajfa-10871	194	15	723.5	723.5	NUM
ajfa-10871	194	16	4.97	4.97	NUM
ajfa-10871	194	17	1.58	1.58	NUM
ajfa-10871	194	18	0.29	0.29	NUM
ajfa-10871	194	19	1.47	1.47	NUM
ajfa-10871	194	20	count	count	NOUN
ajfa-10871	194	21	210	210	NUM
ajfa-10871	194	22	210	210	NUM
ajfa-10871	194	23	210	210	NUM
ajfa-10871	194	24	210	210	NUM
ajfa-10871	194	25	210	210	NUM
ajfa-10871	194	26	210	210	NUM
ajfa-10871	194	27	210	210	NUM
ajfa-10871	194	28	210	210	NUM
ajfa-10871	194	29	210	210	NUM
ajfa-10871	194	30	210	210	NUM
ajfa-10871	194	31	210	210	NUM
ajfa-10871	194	32	confidence	confidence	NOUN
ajfa-10871	194	33	level	level	NOUN
ajfa-10871	194	34	(	(	PUNCT
ajfa-10871	194	35	95	95	NUM
ajfa-10871	194	36	%	%	NOUN
ajfa-10871	194	37	)	)	PUNCT
ajfa-10871	194	38	0.07	0.07	NUM
ajfa-10871	194	39	0.09	0.09	NUM
ajfa-10871	194	40	0.03	0.03	NUM
ajfa-10871	194	41	0.37	0.37	NUM
ajfa-10871	194	42	0.07	0.07	NUM
ajfa-10871	194	43	0.28	0.28	NUM
ajfa-10871	194	44	14.79	14.79	NUM
ajfa-10871	194	45	0.1	0.1	NUM
ajfa-10871	194	46	0.03	0.03	NUM
ajfa-10871	194	47	0.01	0.01	NUM
ajfa-10871	194	48	0.05	0.05	NUM
ajfa-10871	194	49	of	of	ADP
ajfa-10871	194	50	the	the	DET
ajfa-10871	194	51	net	net	ADJ
ajfa-10871	194	52	profits	profit	NOUN
ajfa-10871	194	53	are	be	AUX
ajfa-10871	194	54	distributed	distribute	VERB
ajfa-10871	194	55	by	by	ADP
ajfa-10871	194	56	the	the	DET
ajfa-10871	194	57	firms	firm	NOUN
ajfa-10871	194	58	as	as	ADP
ajfa-10871	194	59	dividend	dividend	NOUN
ajfa-10871	194	60	.	.	PUNCT
ajfa-10871	195	1	the	the	DET
ajfa-10871	195	2	standard	standard	ADJ
ajfa-10871	195	3	deviation	deviation	NOUN
ajfa-10871	195	4	of	of	ADP
ajfa-10871	195	5	dividend	dividend	NOUN
ajfa-10871	195	6	payout	payout	NOUN
ajfa-10871	195	7	ratio	ratio	NOUN
ajfa-10871	195	8	is	be	AUX
ajfa-10871	195	9	49	49	NUM
ajfa-10871	195	10	%	%	NOUN
ajfa-10871	195	11	,	,	PUNCT
ajfa-10871	195	12	which	which	PRON
ajfa-10871	195	13	indicates	indicate	VERB
ajfa-10871	195	14	a	a	DET
ajfa-10871	195	15	high	high	ADJ
ajfa-10871	195	16	dispersion	dispersion	NOUN
ajfa-10871	195	17	of	of	ADP
ajfa-10871	195	18	the	the	DET
ajfa-10871	195	19	dividend	dividend	NOUN
ajfa-10871	195	20	payout	payout	NOUN
ajfa-10871	195	21	ratio	ratio	NOUN
ajfa-10871	195	22	among	among	ADP
ajfa-10871	195	23	the	the	DET
ajfa-10871	195	24	firms	firm	NOUN
ajfa-10871	195	25	in	in	ADP
ajfa-10871	195	26	the	the	DET
ajfa-10871	195	27	industry	industry	NOUN
ajfa-10871	195	28	.	.	PUNCT
ajfa-10871	196	1	average	average	ADJ
ajfa-10871	196	2	p	p	X
ajfa-10871	196	3	/	/	SYM
ajfa-10871	196	4	e	e	NOUN
ajfa-10871	196	5	ratio	ratio	NOUN
ajfa-10871	196	6	of	of	ADP
ajfa-10871	196	7	the	the	DET
ajfa-10871	196	8	industry	industry	NOUN
ajfa-10871	196	9	is	be	AUX
ajfa-10871	196	10	46.30	46.30	NUM
ajfa-10871	196	11	with	with	ADP
ajfa-10871	196	12	a	a	DET
ajfa-10871	196	13	significantly	significantly	ADV
ajfa-10871	196	14	high	high	ADJ
ajfa-10871	196	15	standard	standard	ADJ
ajfa-10871	196	16	deviation	deviation	NOUN
ajfa-10871	196	17	of	of	ADP
ajfa-10871	196	18	108.71	108.71	NUM
ajfa-10871	196	19	.	.	PUNCT
ajfa-10871	197	1	industry	industry	NOUN
ajfa-10871	197	2	average	average	ADJ
ajfa-10871	197	3	profitability	profitability	NOUN
ajfa-10871	197	4	,	,	PUNCT
ajfa-10871	197	5	as	as	SCONJ
ajfa-10871	197	6	measured	measure	VERB
ajfa-10871	197	7	by	by	ADP
ajfa-10871	197	8	roe	roe	PROPN
ajfa-10871	197	9	is	be	AUX
ajfa-10871	197	10	0.1644793	0.1644793	NUM
ajfa-10871	197	11	;	;	PUNCT
ajfa-10871	197	12	while	while	SCONJ
ajfa-10871	197	13	,	,	PUNCT
ajfa-10871	197	14	company	company	NOUN
ajfa-10871	197	15	roe	roe	NOUN
ajfa-10871	197	16	is	be	AUX
ajfa-10871	197	17	maximum	maximum	ADJ
ajfa-10871	197	18	5.44	5.44	NUM
ajfa-10871	197	19	and	and	CCONJ
ajfa-10871	197	20	minimum	minimum	NOUN
ajfa-10871	197	21	-1.87	-1.87	ADJ
ajfa-10871	197	22	.	.	PUNCT
ajfa-10871	198	1	maximum	maximum	ADJ
ajfa-10871	198	2	market	market	NOUN
ajfa-10871	198	3	share	share	NOUN
ajfa-10871	198	4	held	hold	VERB
ajfa-10871	198	5	by	by	ADP
ajfa-10871	198	6	a	a	DET
ajfa-10871	198	7	particular	particular	ADJ
ajfa-10871	198	8	company	company	NOUN
ajfa-10871	198	9	is	be	AUX
ajfa-10871	198	10	29.12	29.12	NUM
ajfa-10871	198	11	%	%	NOUN
ajfa-10871	198	12	.	.	PUNCT
ajfa-10871	199	1	on	on	ADP
ajfa-10871	199	2	the	the	DET
ajfa-10871	199	3	other	other	ADJ
ajfa-10871	199	4	hand	hand	NOUN
ajfa-10871	199	5	,	,	PUNCT
ajfa-10871	199	6	the	the	DET
ajfa-10871	199	7	minimum	minimum	ADJ
ajfa-10871	199	8	market	market	NOUN
ajfa-10871	199	9	share	share	NOUN
ajfa-10871	199	10	constitutes	constitute	VERB
ajfa-10871	199	11	0.054	0.054	NUM
ajfa-10871	199	12	%	%	NOUN
ajfa-10871	199	13	.	.	PUNCT
ajfa-10871	200	1	industry	industry	NOUN
ajfa-10871	200	2	average	average	ADJ
ajfa-10871	200	3	growth	growth	NOUN
ajfa-10871	200	4	rate	rate	NOUN
ajfa-10871	200	5	is	be	AUX
ajfa-10871	200	6	14.55	14.55	NUM
ajfa-10871	200	7	%	%	NOUN
ajfa-10871	200	8	,	,	PUNCT
ajfa-10871	200	9	whereas	whereas	SCONJ
ajfa-10871	200	10	,	,	PUNCT
ajfa-10871	200	11	average	average	ADJ
ajfa-10871	200	12	risk	risk	NOUN
ajfa-10871	200	13	is	be	AUX
ajfa-10871	200	14	about	about	ADV
ajfa-10871	200	15	25	25	NUM
ajfa-10871	200	16	%	%	NOUN
ajfa-10871	200	17	.	.	PUNCT
ajfa-10871	201	1	7.2	7.2	NUM
ajfa-10871	201	2	correlation	correlation	NOUN
ajfa-10871	201	3	matrix	matrix	NOUN
ajfa-10871	201	4	before	before	SCONJ
ajfa-10871	201	5	the	the	DET
ajfa-10871	201	6	multiple	multiple	ADJ
ajfa-10871	201	7	regression	regression	NOUN
ajfa-10871	201	8	is	be	AUX
ajfa-10871	201	9	run	run	VERB
ajfa-10871	201	10	,	,	PUNCT
ajfa-10871	201	11	the	the	DET
ajfa-10871	201	12	existence	existence	NOUN
ajfa-10871	201	13	of	of	ADP
ajfa-10871	201	14	multicollinearity	multicollinearity	NOUN
ajfa-10871	201	15	among	among	ADP
ajfa-10871	201	16	all	all	DET
ajfa-10871	201	17	employed	employ	VERB
ajfa-10871	201	18	table	table	NOUN
ajfa-10871	201	19	4	4	NUM
ajfa-10871	201	20	.	.	PUNCT
ajfa-10871	201	21	correlation	correlation	NOUN
ajfa-10871	201	22	matrix	matrix	NOUN
ajfa-10871	201	23	div	div	NOUN
ajfa-10871	201	24	size	size	NOUN
ajfa-10871	201	25	(	(	PUNCT
ajfa-10871	201	26	n.	n.	NOUN
ajfa-10871	201	27	log	log	PROPN
ajfa-10871	201	28	)	)	PUNCT
ajfa-10871	201	29	grt	grt	NOUN
ajfa-10871	202	1	h	h	NOUN
ajfa-10871	202	2	liq	liq	NOUN
ajfa-10871	202	3	(	(	PUNCT
ajfa-10871	202	4	n.	n.	NOUN
ajfa-10871	202	5	log	log	PROPN
ajfa-10871	202	6	)	)	PUNCT
ajfa-10871	202	7	prof	prof	NOUN
ajfa-10871	202	8	(	(	PUNCT
ajfa-10871	202	9	roe	roe	NOUN
ajfa-10871	202	10	)	)	PUNCT
ajfa-10871	202	11	divt-1	divt-1	PROPN
ajfa-10871	203	1	(	(	PUNCT
ajfa-10871	203	2	n.	n.	NOUN
ajfa-10871	203	3	log	log	PROPN
ajfa-10871	203	4	)	)	PUNCT
ajfa-10871	203	5	p	p	X
ajfa-10871	203	6	/	/	SYM
ajfa-10871	203	7	e	e	NOUN
ajfa-10871	203	8	ratio	ratio	NOUN
ajfa-10871	203	9	ow	ow	PROPN
ajfa-10871	203	10	n	n	PROPN
ajfa-10871	203	11	(	(	PUNCT
ajfa-10871	203	12	n.	n.	NOUN
ajfa-10871	203	13	log	log	NOUN
ajfa-10871	203	14	)	)	PUNCT
ajfa-10871	203	15	age	age	NOUN
ajfa-10871	203	16	(	(	PUNCT
ajfa-10871	203	17	n.	n.	NOUN
ajfa-10871	203	18	log	log	PROPN
ajfa-10871	203	19	)	)	PUNCT
ajfa-10871	203	20	mkt	mkt	PROPN
ajfa-10871	203	21	shr	shr	PROPN
ajfa-10871	203	22	risk	risk	NOUN
ajfa-10871	203	23	div	div	NOUN
ajfa-10871	203	24	1	1	NUM
ajfa-10871	203	25	size	size	NOUN
ajfa-10871	203	26	(	(	PUNCT
ajfa-10871	203	27	n.	n.	NOUN
ajfa-10871	203	28	log	log	PROPN
ajfa-10871	203	29	)	)	PUNCT
ajfa-10871	203	30	-0.21	-0.21	PROPN
ajfa-10871	203	31	1	1	NUM
ajfa-10871	203	32	grth	grth	PROPN
ajfa-10871	203	33	-0.02	-0.02	NUM
ajfa-10871	203	34	0.07	0.07	NUM
ajfa-10871	203	35	1	1	NUM
ajfa-10871	203	36	liq	liq	NOUN
ajfa-10871	203	37	(	(	PUNCT
ajfa-10871	203	38	n.	n.	NOUN
ajfa-10871	203	39	log	log	PROPN
ajfa-10871	203	40	)	)	PUNCT
ajfa-10871	203	41	0.02	0.02	NUM
ajfa-10871	203	42	0.4	0.4	NUM
ajfa-10871	203	43	0.19	0.19	NUM
ajfa-10871	203	44	1	1	NUM
ajfa-10871	203	45	prof	prof	NOUN
ajfa-10871	203	46	(	(	PUNCT
ajfa-10871	203	47	roe	roe	PROPN
ajfa-10871	203	48	)	)	PUNCT
ajfa-10871	203	49	-0.07	-0.07	NUM
ajfa-10871	204	1	0.04	0.04	NUM
ajfa-10871	204	2	0.1	0.1	NUM
ajfa-10871	204	3	0.14	0.14	NUM
ajfa-10871	204	4	1	1	NUM
ajfa-10871	204	5	divt-1	divt-1	PROPN
ajfa-10871	204	6	(	(	PUNCT
ajfa-10871	204	7	n.	n.	NOUN
ajfa-10871	204	8	log	log	PROPN
ajfa-10871	204	9	)	)	PUNCT
ajfa-10871	204	10	0.12	0.12	NUM
ajfa-10871	204	11	0.42	0.42	NUM
ajfa-10871	204	12	0.24	0.24	NUM
ajfa-10871	204	13	0.34	0.34	NUM
ajfa-10871	204	14	0.19	0.19	NUM
ajfa-10871	204	15	1	1	NUM
ajfa-10871	204	16	p	p	NOUN
ajfa-10871	204	17	/	/	SYM
ajfa-10871	204	18	e	e	NOUN
ajfa-10871	204	19	ratio	ratio	NOUN
ajfa-10871	204	20	0.18	0.18	NUM
ajfa-10871	204	21	-0.02	-0.02	NUM
ajfa-10871	204	22	0	0	NUM
ajfa-10871	204	23	0.1	0.1	NUM
ajfa-10871	204	24	0.05	0.05	NUM
ajfa-10871	204	25	0.1	0.1	NUM
ajfa-10871	204	26	1	1	NUM
ajfa-10871	204	27	own	own	ADJ
ajfa-10871	204	28	(	(	PUNCT
ajfa-10871	204	29	n.	n.	NOUN
ajfa-10871	204	30	log	log	PROPN
ajfa-10871	204	31	)	)	PUNCT
ajfa-10871	204	32	-0.06	-0.06	PROPN
ajfa-10871	204	33	0.54	0.54	NUM
ajfa-10871	204	34	0.1	0.1	NUM
ajfa-10871	204	35	0.26	0.26	NUM
ajfa-10871	204	36	0.01	0.01	NUM
ajfa-10871	204	37	0.25	0.25	NUM
ajfa-10871	204	38	0.08	0.08	NUM
ajfa-10871	204	39	1	1	NUM
ajfa-10871	204	40	age	age	NOUN
ajfa-10871	204	41	(	(	PUNCT
ajfa-10871	204	42	n.	n.	NOUN
ajfa-10871	204	43	log	log	PROPN
ajfa-10871	204	44	)	)	PUNCT
ajfa-10871	204	45	-0.05	-0.05	NOUN
ajfa-10871	204	46	0.26	0.26	NUM
ajfa-10871	204	47	-0.08	-0.08	NUM
ajfa-10871	204	48	0.27	0.27	NUM
ajfa-10871	204	49	0.09	0.09	NUM
ajfa-10871	204	50	0.24	0.24	NUM
ajfa-10871	204	51	0.05	0.05	NUM
ajfa-10871	204	52	0.05	0.05	NUM
ajfa-10871	204	53	1	1	NUM
ajfa-10871	204	54	mktshr	mktshr	NOUN
ajfa-10871	204	55	-0.18	-0.18	NUM
ajfa-10871	204	56	0.78	0.78	NUM
ajfa-10871	204	57	0.09	0.09	NUM
ajfa-10871	204	58	0.38	0.38	NUM
ajfa-10871	204	59	0.04	0.04	NUM
ajfa-10871	204	60	0.44	0.44	NUM
ajfa-10871	204	61	-0.12	-0.12	NUM
ajfa-10871	204	62	0.49	0.49	NUM
ajfa-10871	204	63	0.17	0.17	NUM
ajfa-10871	204	64	1	1	NUM
ajfa-10871	204	65	risk	risk	NOUN
ajfa-10871	204	66	0	0	NUM
ajfa-10871	204	67	-0.29	-0.29	NUM
ajfa-10871	204	68	0.04	0.04	NUM
ajfa-10871	204	69	-0.04	-0.04	NUM
ajfa-10871	204	70	0.14	0.14	NUM
ajfa-10871	204	71	-0.09	-0.09	NUM
ajfa-10871	204	72	0.13	0.13	NUM
ajfa-10871	204	73	0.01	0.01	NUM
ajfa-10871	204	74	0.05	0.05	NUM
ajfa-10871	204	75	-0.26	-0.26	NOUN
ajfa-10871	204	76	1	1	NUM
ajfa-10871	204	77	asian	asian	ADJ
ajfa-10871	204	78	journal	journal	NOUN
ajfa-10871	204	79	of	of	ADP
ajfa-10871	204	80	finance	finance	PROPN
ajfa-10871	204	81	&	&	CCONJ
ajfa-10871	204	82	accounting	accounting	PROPN
ajfa-10871	204	83	issn	issn	PROPN
ajfa-10871	204	84	1946	1946	NUM
ajfa-10871	204	85	-	-	PUNCT
ajfa-10871	204	86	052x	052x	PROPN
ajfa-10871	204	87	2017	2017	NUM
ajfa-10871	204	88	,	,	PUNCT
ajfa-10871	204	89	vol	vol	NOUN
ajfa-10871	204	90	.	.	NOUN
ajfa-10871	204	91	9	9	NUM
ajfa-10871	204	92	,	,	PUNCT
ajfa-10871	204	93	no	no	INTJ
ajfa-10871	204	94	.	.	NOUN
ajfa-10871	204	95	1	1	NUM
ajfa-10871	204	96	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	204	97	181	181	NUM
ajfa-10871	204	98	independent	independent	ADJ
ajfa-10871	204	99	variables	variable	NOUN
ajfa-10871	204	100	and	and	CCONJ
ajfa-10871	204	101	the	the	DET
ajfa-10871	204	102	dependent	dependent	ADJ
ajfa-10871	204	103	variable	variable	NOUN
ajfa-10871	204	104	has	have	AUX
ajfa-10871	204	105	been	be	AUX
ajfa-10871	204	106	tasted	taste	VERB
ajfa-10871	204	107	using	use	VERB
ajfa-10871	204	108	correlation	correlation	NOUN
ajfa-10871	204	109	matrix	matrix	NOUN
ajfa-10871	204	110	.	.	PUNCT
ajfa-10871	205	1	the	the	DET
ajfa-10871	205	2	correlation	correlation	NOUN
ajfa-10871	205	3	matrix	matrix	NOUN
ajfa-10871	205	4	,	,	PUNCT
ajfa-10871	205	5	comprised	comprise	VERB
ajfa-10871	205	6	of	of	ADP
ajfa-10871	205	7	the	the	DET
ajfa-10871	205	8	normalized	normalize	VERB
ajfa-10871	205	9	value	value	NOUN
ajfa-10871	205	10	of	of	ADP
ajfa-10871	205	11	the	the	DET
ajfa-10871	205	12	variables	variable	NOUN
ajfa-10871	205	13	,	,	PUNCT
ajfa-10871	205	14	has	have	AUX
ajfa-10871	205	15	been	be	AUX
ajfa-10871	205	16	presented	present	VERB
ajfa-10871	205	17	in	in	ADP
ajfa-10871	205	18	table	table	NOUN
ajfa-10871	205	19	4	4	NUM
ajfa-10871	205	20	.	.	PUNCT
ajfa-10871	206	1	the	the	DET
ajfa-10871	206	2	matrix	matrix	NOUN
ajfa-10871	206	3	illustrates	illustrate	VERB
ajfa-10871	206	4	low	low	ADJ
ajfa-10871	206	5	correlation	correlation	NOUN
ajfa-10871	206	6	among	among	ADP
ajfa-10871	206	7	the	the	DET
ajfa-10871	206	8	scrutinized	scrutinize	VERB
ajfa-10871	206	9	variables	variable	NOUN
ajfa-10871	206	10	(	(	PUNCT
ajfa-10871	206	11	less	less	ADJ
ajfa-10871	206	12	than	than	ADP
ajfa-10871	206	13	0.8	0.8	NUM
ajfa-10871	206	14	)	)	PUNCT
ajfa-10871	206	15	which	which	PRON
ajfa-10871	206	16	symbolizes	symbolize	VERB
ajfa-10871	206	17	no	no	DET
ajfa-10871	206	18	multicollinearity	multicollinearity	NOUN
ajfa-10871	206	19	problem	problem	NOUN
ajfa-10871	206	20	.	.	PUNCT
ajfa-10871	207	1	7.3	7.3	NUM
ajfa-10871	207	2	multiple	multiple	ADJ
ajfa-10871	207	3	regression	regression	NOUN
ajfa-10871	207	4	analysis	analysis	NOUN
ajfa-10871	207	5	the	the	DET
ajfa-10871	207	6	study	study	NOUN
ajfa-10871	207	7	investigates	investigate	VERB
ajfa-10871	207	8	the	the	DET
ajfa-10871	207	9	factors	factor	NOUN
ajfa-10871	207	10	affecting	affect	VERB
ajfa-10871	207	11	the	the	DET
ajfa-10871	207	12	dividend	dividend	NOUN
ajfa-10871	207	13	policy	policy	NOUN
ajfa-10871	207	14	of	of	ADP
ajfa-10871	207	15	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	207	16	and	and	CCONJ
ajfa-10871	207	17	chemicals	chemical	NOUN
ajfa-10871	207	18	industries	industry	NOUN
ajfa-10871	207	19	by	by	ADP
ajfa-10871	207	20	testing	test	VERB
ajfa-10871	207	21	a	a	DET
ajfa-10871	207	22	number	number	NOUN
ajfa-10871	207	23	of	of	ADP
ajfa-10871	207	24	hypotheses	hypothesis	NOUN
ajfa-10871	207	25	using	use	VERB
ajfa-10871	207	26	multiple	multiple	ADJ
ajfa-10871	207	27	regression	regression	NOUN
ajfa-10871	207	28	analysis	analysis	NOUN
ajfa-10871	207	29	.	.	PUNCT
ajfa-10871	208	1	summary	summary	NOUN
ajfa-10871	208	2	statistics	statistic	NOUN
ajfa-10871	208	3	of	of	ADP
ajfa-10871	208	4	the	the	DET
ajfa-10871	208	5	regression	regression	NOUN
ajfa-10871	208	6	analysis	analysis	NOUN
ajfa-10871	208	7	is	be	AUX
ajfa-10871	208	8	illustrated	illustrate	VERB
ajfa-10871	208	9	in	in	ADP
ajfa-10871	208	10	table	table	NOUN
ajfa-10871	208	11	5	5	NUM
ajfa-10871	208	12	.	.	PUNCT
ajfa-10871	209	1	the	the	DET
ajfa-10871	209	2	coefficient	coefficient	NOUN
ajfa-10871	209	3	of	of	ADP
ajfa-10871	209	4	determination	determination	NOUN
ajfa-10871	209	5	(	(	PUNCT
ajfa-10871	209	6	r2	r2	PROPN
ajfa-10871	209	7	)	)	PUNCT
ajfa-10871	209	8	is	be	AUX
ajfa-10871	209	9	0.158394789	0.158394789	NUM
ajfa-10871	209	10	which	which	PRON
ajfa-10871	209	11	indicates	indicate	VERB
ajfa-10871	209	12	that	that	SCONJ
ajfa-10871	209	13	about	about	ADP
ajfa-10871	209	14	15.83	15.83	NUM
ajfa-10871	209	15	%	%	NOUN
ajfa-10871	209	16	of	of	ADP
ajfa-10871	209	17	the	the	DET
ajfa-10871	209	18	changes	change	NOUN
ajfa-10871	209	19	in	in	ADP
ajfa-10871	209	20	the	the	DET
ajfa-10871	209	21	dependent	dependent	ADJ
ajfa-10871	209	22	variable	variable	NOUN
ajfa-10871	209	23	,	,	PUNCT
ajfa-10871	209	24	that	that	PRON
ajfa-10871	209	25	is	be	AUX
ajfa-10871	209	26	dividend	dividend	NOUN
ajfa-10871	209	27	payout	payout	NOUN
ajfa-10871	209	28	,	,	PUNCT
ajfa-10871	209	29	are	be	AUX
ajfa-10871	209	30	explained	explain	VERB
ajfa-10871	209	31	by	by	ADP
ajfa-10871	209	32	the	the	DET
ajfa-10871	209	33	changes	change	NOUN
ajfa-10871	209	34	in	in	ADP
ajfa-10871	209	35	the	the	DET
ajfa-10871	209	36	independent	independent	ADJ
ajfa-10871	209	37	and	and	CCONJ
ajfa-10871	209	38	control	control	NOUN
ajfa-10871	209	39	variables	variable	NOUN
ajfa-10871	209	40	of	of	ADP
ajfa-10871	209	41	the	the	DET
ajfa-10871	209	42	model	model	NOUN
ajfa-10871	209	43	.	.	PUNCT
ajfa-10871	210	1	among	among	ADP
ajfa-10871	210	2	the	the	DET
ajfa-10871	210	3	dependent	dependent	ADJ
ajfa-10871	210	4	variables	variable	NOUN
ajfa-10871	210	5	,	,	PUNCT
ajfa-10871	210	6	firm	firm	ADJ
ajfa-10871	210	7	size	size	NOUN
ajfa-10871	210	8	(	(	PUNCT
ajfa-10871	210	9	size	size	NOUN
ajfa-10871	210	10	)	)	PUNCT
ajfa-10871	210	11	has	have	VERB
ajfa-10871	210	12	low	low	ADJ
ajfa-10871	210	13	p	p	NOUN
ajfa-10871	210	14	-	-	PUNCT
ajfa-10871	210	15	value	value	NOUN
ajfa-10871	210	16	(	(	PUNCT
ajfa-10871	210	17	<	<	NOUN
ajfa-10871	210	18	0.05	0.05	NUM
ajfa-10871	210	19	)	)	PUNCT
ajfa-10871	210	20	which	which	PRON
ajfa-10871	210	21	indicates	indicate	VERB
ajfa-10871	210	22	the	the	DET
ajfa-10871	210	23	acceptance	acceptance	NOUN
ajfa-10871	210	24	of	of	ADP
ajfa-10871	210	25	the	the	DET
ajfa-10871	210	26	first	first	ADJ
ajfa-10871	210	27	hypothesis	hypothesis	NOUN
ajfa-10871	210	28	.	.	PUNCT
ajfa-10871	211	1	therefore	therefore	ADV
ajfa-10871	211	2	,	,	PUNCT
ajfa-10871	211	3	dividend	dividend	VERB
ajfa-10871	211	4	payout	payout	NOUN
ajfa-10871	211	5	of	of	ADP
ajfa-10871	211	6	bangladesh	bangladesh	NOUN
ajfa-10871	211	7	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	211	8	and	and	CCONJ
ajfa-10871	211	9	chemicals	chemical	NOUN
ajfa-10871	211	10	industries	industry	NOUN
ajfa-10871	211	11	depends	depend	VERB
ajfa-10871	211	12	significantly	significantly	ADV
ajfa-10871	211	13	on	on	ADP
ajfa-10871	211	14	the	the	DET
ajfa-10871	211	15	size	size	NOUN
ajfa-10871	211	16	of	of	ADP
ajfa-10871	211	17	a	a	DET
ajfa-10871	211	18	firm	firm	NOUN
ajfa-10871	211	19	.	.	PUNCT
ajfa-10871	212	1	the	the	DET
ajfa-10871	212	2	coefficient	coefficient	NOUN
ajfa-10871	212	3	of	of	ADP
ajfa-10871	212	4	firm	firm	ADJ
ajfa-10871	212	5	size	size	NOUN
ajfa-10871	212	6	is	be	AUX
ajfa-10871	212	7	-0.23177	-0.23177	NOUN
ajfa-10871	212	8	which	which	PRON
ajfa-10871	212	9	indicates	indicate	VERB
ajfa-10871	212	10	that	that	SCONJ
ajfa-10871	212	11	if	if	SCONJ
ajfa-10871	212	12	firm	firm	ADJ
ajfa-10871	212	13	size	size	NOUN
ajfa-10871	212	14	increase	increase	NOUN
ajfa-10871	212	15	by	by	ADP
ajfa-10871	212	16	1	1	NUM
ajfa-10871	212	17	unit	unit	NOUN
ajfa-10871	212	18	,	,	PUNCT
ajfa-10871	212	19	dividend	dividend	NOUN
ajfa-10871	212	20	payout	payout	NOUN
ajfa-10871	212	21	decreases	decrease	NOUN
ajfa-10871	212	22	by	by	ADP
ajfa-10871	212	23	0.23	0.23	NUM
ajfa-10871	212	24	units	unit	NOUN
ajfa-10871	212	25	.	.	PUNCT
ajfa-10871	213	1	therefore	therefore	ADV
ajfa-10871	213	2	,	,	PUNCT
ajfa-10871	213	3	dividend	dividend	VERB
ajfa-10871	213	4	payout	payout	NOUN
ajfa-10871	213	5	of	of	ADP
ajfa-10871	213	6	bangladesh	bangladesh	NOUN
ajfa-10871	213	7	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	213	8	and	and	CCONJ
ajfa-10871	213	9	chemicals	chemical	NOUN
ajfa-10871	213	10	industries	industry	NOUN
ajfa-10871	213	11	has	have	VERB
ajfa-10871	213	12	significant	significant	ADJ
ajfa-10871	213	13	negative	negative	ADJ
ajfa-10871	213	14	relationship	relationship	NOUN
ajfa-10871	213	15	with	with	ADP
ajfa-10871	213	16	size	size	NOUN
ajfa-10871	213	17	of	of	ADP
ajfa-10871	213	18	firm	firm	NOUN
ajfa-10871	213	19	.	.	PUNCT
ajfa-10871	214	1	the	the	DET
ajfa-10871	214	2	result	result	NOUN
ajfa-10871	214	3	supports	support	VERB
ajfa-10871	214	4	the	the	DET
ajfa-10871	214	5	findings	finding	NOUN
ajfa-10871	214	6	of	of	ADP
ajfa-10871	214	7	ahmed	ahmed	PROPN
ajfa-10871	214	8	and	and	CCONJ
ajfa-10871	214	9	javid	javid	PROPN
ajfa-10871	214	10	,	,	PUNCT
ajfa-10871	214	11	(	(	PUNCT
ajfa-10871	214	12	2008	2008	NUM
ajfa-10871	214	13	)	)	PUNCT
ajfa-10871	214	14	.	.	PUNCT
ajfa-10871	215	1	hence	hence	ADV
ajfa-10871	215	2	,	,	PUNCT
ajfa-10871	215	3	as	as	SCONJ
ajfa-10871	215	4	firms	firm	NOUN
ajfa-10871	215	5	become	become	VERB
ajfa-10871	215	6	larger	large	ADJ
ajfa-10871	215	7	,	,	PUNCT
ajfa-10871	215	8	investors	investor	NOUN
ajfa-10871	215	9	should	should	AUX
ajfa-10871	215	10	expect	expect	VERB
ajfa-10871	215	11	a	a	DET
ajfa-10871	215	12	lower	low	ADJ
ajfa-10871	215	13	divided	divide	VERB
ajfa-10871	215	14	and	and	CCONJ
ajfa-10871	215	15	vice	vice	ADV
ajfa-10871	215	16	versa	versa	ADV
ajfa-10871	215	17	.	.	PUNCT
ajfa-10871	216	1	last	last	ADJ
ajfa-10871	216	2	year	year	NOUN
ajfa-10871	216	3	’s	’s	PART
ajfa-10871	216	4	dividend	dividend	NOUN
ajfa-10871	216	5	(	(	PUNCT
ajfa-10871	216	6	divt-1	divt-1	PROPN
ajfa-10871	216	7	)	)	PUNCT
ajfa-10871	216	8	is	be	AUX
ajfa-10871	216	9	another	another	DET
ajfa-10871	216	10	variable	variable	NOUN
ajfa-10871	216	11	having	have	VERB
ajfa-10871	216	12	a	a	DET
ajfa-10871	216	13	low	low	ADJ
ajfa-10871	216	14	p	p	NOUN
ajfa-10871	216	15	-	-	PUNCT
ajfa-10871	216	16	value	value	NOUN
ajfa-10871	216	17	which	which	PRON
ajfa-10871	216	18	indicates	indicate	VERB
ajfa-10871	216	19	that	that	SCONJ
ajfa-10871	216	20	the	the	DET
ajfa-10871	216	21	fifth	fifth	ADJ
ajfa-10871	216	22	hypothesis	hypothesis	NOUN
ajfa-10871	216	23	has	have	AUX
ajfa-10871	216	24	been	be	AUX
ajfa-10871	216	25	accepted	accept	VERB
ajfa-10871	216	26	.	.	PUNCT
ajfa-10871	217	1	the	the	DET
ajfa-10871	217	2	positive	positive	ADJ
ajfa-10871	217	3	coefficient	coefficient	NOUN
ajfa-10871	217	4	of	of	ADP
ajfa-10871	217	5	the	the	DET
ajfa-10871	217	6	variable	variable	NOUN
ajfa-10871	217	7	(	(	PUNCT
ajfa-10871	217	8	0.0679	0.0679	NUM
ajfa-10871	217	9	)	)	PUNCT
ajfa-10871	217	10	indicates	indicate	VERB
ajfa-10871	217	11	a	a	DET
ajfa-10871	217	12	positive	positive	ADJ
ajfa-10871	217	13	relationship	relationship	NOUN
ajfa-10871	217	14	between	between	ADP
ajfa-10871	217	15	dividend	dividend	NOUN
ajfa-10871	217	16	payout	payout	NOUN
ajfa-10871	217	17	and	and	CCONJ
ajfa-10871	217	18	divt-1	divt-1	NOUN
ajfa-10871	217	19	.	.	PUNCT
ajfa-10871	218	1	thus	thus	ADV
ajfa-10871	218	2	,	,	PUNCT
ajfa-10871	218	3	dividend	dividend	NOUN
ajfa-10871	218	4	payout	payout	NOUN
ajfa-10871	218	5	has	have	VERB
ajfa-10871	218	6	significant	significant	ADJ
ajfa-10871	218	7	positive	positive	ADJ
ajfa-10871	218	8	relationship	relationship	NOUN
ajfa-10871	218	9	with	with	ADP
ajfa-10871	218	10	last	last	ADJ
ajfa-10871	218	11	year	year	NOUN
ajfa-10871	218	12	’s	’s	PART
ajfa-10871	218	13	dividend	dividend	NOUN
ajfa-10871	218	14	payment	payment	NOUN
ajfa-10871	218	15	by	by	ADP
ajfa-10871	218	16	the	the	DET
ajfa-10871	218	17	firms	firm	NOUN
ajfa-10871	218	18	.	.	PUNCT
ajfa-10871	219	1	this	this	DET
ajfa-10871	219	2	outcome	outcome	NOUN
ajfa-10871	219	3	is	be	AUX
ajfa-10871	219	4	consistent	consistent	ADJ
ajfa-10871	219	5	with	with	ADP
ajfa-10871	219	6	naceu	naceu	NOUN
ajfa-10871	219	7	,	,	PUNCT
ajfa-10871	219	8	goaied	goaie	VERB
ajfa-10871	219	9	and	and	CCONJ
ajfa-10871	219	10	belanes	belane	NOUN
ajfa-10871	219	11	’s	’s	PART
ajfa-10871	219	12	(	(	PUNCT
ajfa-10871	219	13	2006	2006	NUM
ajfa-10871	219	14	)	)	PUNCT
ajfa-10871	219	15	,	,	PUNCT
ajfa-10871	219	16	who	who	PRON
ajfa-10871	219	17	analyzed	analyze	VERB
ajfa-10871	219	18	tunisian	tunisian	ADJ
ajfa-10871	219	19	firms	firm	NOUN
ajfa-10871	219	20	and	and	CCONJ
ajfa-10871	219	21	found	find	VERB
ajfa-10871	219	22	that	that	SCONJ
ajfa-10871	219	23	the	the	DET
ajfa-10871	219	24	level	level	NOUN
ajfa-10871	219	25	of	of	ADP
ajfa-10871	219	26	dividend	dividend	NOUN
ajfa-10871	219	27	payment	payment	NOUN
ajfa-10871	219	28	depends	depend	VERB
ajfa-10871	219	29	on	on	ADP
ajfa-10871	219	30	both	both	CCONJ
ajfa-10871	219	31	the	the	DET
ajfa-10871	219	32	current	current	ADJ
ajfa-10871	219	33	earnings	earning	NOUN
ajfa-10871	219	34	as	as	ADV
ajfa-10871	219	35	well	well	ADV
ajfa-10871	219	36	as	as	ADP
ajfa-10871	219	37	historical	historical	ADJ
ajfa-10871	219	38	dividends	dividend	NOUN
ajfa-10871	219	39	.	.	PUNCT
ajfa-10871	220	1	thus	thus	ADV
ajfa-10871	220	2	,	,	PUNCT
ajfa-10871	220	3	more	more	ADV
ajfa-10871	220	4	stable	stable	ADJ
ajfa-10871	220	5	earnings	earning	NOUN
ajfa-10871	220	6	and	and	CCONJ
ajfa-10871	220	7	rapid	rapid	ADJ
ajfa-10871	220	8	growth	growth	NOUN
ajfa-10871	220	9	of	of	ADP
ajfa-10871	220	10	profitable	profitable	ADJ
ajfa-10871	220	11	companies	company	NOUN
ajfa-10871	220	12	contribute	contribute	VERB
ajfa-10871	220	13	to	to	ADP
ajfa-10871	220	14	larger	large	ADJ
ajfa-10871	220	15	free	free	ADJ
ajfa-10871	220	16	cash	cash	NOUN
ajfa-10871	220	17	flows	flow	NOUN
ajfa-10871	220	18	and	and	CCONJ
ajfa-10871	220	19	assist	assist	VERB
ajfa-10871	220	20	in	in	ADP
ajfa-10871	220	21	paying	pay	VERB
ajfa-10871	220	22	higher	high	ADJ
ajfa-10871	220	23	dividend	dividend	NOUN
ajfa-10871	220	24	.	.	PUNCT
ajfa-10871	221	1	conversely	conversely	ADV
ajfa-10871	221	2	,	,	PUNCT
ajfa-10871	221	3	firm	firm	ADJ
ajfa-10871	221	4	growth	growth	NOUN
ajfa-10871	221	5	,	,	PUNCT
ajfa-10871	221	6	liquidity	liquidity	NOUN
ajfa-10871	221	7	,	,	PUNCT
ajfa-10871	221	8	profitability	profitability	NOUN
ajfa-10871	221	9	and	and	CCONJ
ajfa-10871	221	10	p	p	NOUN
ajfa-10871	221	11	/	/	SYM
ajfa-10871	221	12	e	e	NOUN
ajfa-10871	221	13	ratio	ratio	NOUN
ajfa-10871	221	14	have	have	VERB
ajfa-10871	221	15	larger	large	ADJ
ajfa-10871	221	16	p	p	NOUN
ajfa-10871	221	17	-	-	PUNCT
ajfa-10871	221	18	values	value	NOUN
ajfa-10871	221	19	(	(	PUNCT
ajfa-10871	221	20	≥	≥	NOUN
ajfa-10871	221	21	0.05	0.05	NUM
ajfa-10871	221	22	)	)	PUNCT
ajfa-10871	221	23	which	which	PRON
ajfa-10871	221	24	leads	lead	VERB
ajfa-10871	221	25	to	to	ADP
ajfa-10871	221	26	the	the	DET
ajfa-10871	221	27	rejection	rejection	NOUN
ajfa-10871	221	28	of	of	ADP
ajfa-10871	221	29	the	the	DET
ajfa-10871	221	30	second	second	ADJ
ajfa-10871	221	31	,	,	PUNCT
ajfa-10871	221	32	third	third	ADJ
ajfa-10871	221	33	,	,	PUNCT
ajfa-10871	221	34	fourth	fourth	ADJ
ajfa-10871	221	35	and	and	CCONJ
ajfa-10871	221	36	sixth	sixth	ADJ
ajfa-10871	221	37	hypotheses	hypothesis	NOUN
ajfa-10871	221	38	.	.	PUNCT
ajfa-10871	222	1	thus	thus	ADV
ajfa-10871	222	2	,	,	PUNCT
ajfa-10871	222	3	firm	firm	ADJ
ajfa-10871	222	4	growth	growth	NOUN
ajfa-10871	222	5	,	,	PUNCT
ajfa-10871	222	6	liquidity	liquidity	NOUN
ajfa-10871	222	7	,	,	PUNCT
ajfa-10871	222	8	profitability	profitability	NOUN
ajfa-10871	222	9	and	and	CCONJ
ajfa-10871	222	10	p	p	NOUN
ajfa-10871	222	11	/	/	SYM
ajfa-10871	222	12	e	e	NOUN
ajfa-10871	222	13	ratio	ratio	NOUN
ajfa-10871	222	14	have	have	AUX
ajfa-10871	222	15	been	be	AUX
ajfa-10871	222	16	found	find	VERB
ajfa-10871	222	17	to	to	PART
ajfa-10871	222	18	have	have	VERB
ajfa-10871	222	19	no	no	DET
ajfa-10871	222	20	significant	significant	ADJ
ajfa-10871	222	21	relationship	relationship	NOUN
ajfa-10871	222	22	with	with	ADP
ajfa-10871	222	23	dividend	dividend	NOUN
ajfa-10871	222	24	payout	payout	NOUN
ajfa-10871	222	25	of	of	ADP
ajfa-10871	222	26	the	the	DET
ajfa-10871	222	27	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	222	28	and	and	CCONJ
ajfa-10871	222	29	chemicals	chemical	NOUN
ajfa-10871	222	30	industries	industry	NOUN
ajfa-10871	222	31	.	.	PUNCT
ajfa-10871	223	1	empirically	empirically	ADV
ajfa-10871	223	2	researchers	researcher	NOUN
ajfa-10871	223	3	explored	explore	VERB
ajfa-10871	223	4	liquidity	liquidity	NOUN
ajfa-10871	223	5	to	to	PART
ajfa-10871	223	6	have	have	VERB
ajfa-10871	223	7	no	no	DET
ajfa-10871	223	8	significant	significant	ADJ
ajfa-10871	223	9	impact	impact	NOUN
ajfa-10871	223	10	on	on	ADP
ajfa-10871	223	11	dividend	dividend	NOUN
ajfa-10871	223	12	policy	policy	NOUN
ajfa-10871	223	13	(	(	PUNCT
ajfa-10871	223	14	adedeji	adedeji	NOUN
ajfa-10871	223	15	,	,	PUNCT
ajfa-10871	223	16	1998	1998	NUM
ajfa-10871	223	17	;	;	PUNCT
ajfa-10871	223	18	anupam	anupam	NOUN
ajfa-10871	223	19	,	,	PUNCT
ajfa-10871	223	20	2012	2012	NUM
ajfa-10871	223	21	)	)	PUNCT
ajfa-10871	223	22	.	.	PUNCT
ajfa-10871	224	1	besides	besides	SCONJ
ajfa-10871	224	2	,	,	PUNCT
ajfa-10871	224	3	zameer	zameer	NOUN
ajfa-10871	224	4	,	,	PUNCT
ajfa-10871	224	5	et	et	PROPN
ajfa-10871	224	6	al	al	PROPN
ajfa-10871	224	7	(	(	PUNCT
ajfa-10871	224	8	2013	2013	NUM
ajfa-10871	224	9	)	)	PUNCT
ajfa-10871	224	10	explored	explore	VERB
ajfa-10871	224	11	firm	firm	ADJ
ajfa-10871	224	12	growth	growth	NOUN
ajfa-10871	224	13	to	to	PART
ajfa-10871	224	14	have	have	VERB
ajfa-10871	224	15	no	no	DET
ajfa-10871	224	16	impact	impact	NOUN
ajfa-10871	224	17	on	on	ADP
ajfa-10871	224	18	dividend	dividend	NOUN
ajfa-10871	224	19	payout	payout	NOUN
ajfa-10871	224	20	.	.	PUNCT
ajfa-10871	225	1	in	in	ADP
ajfa-10871	225	2	addition	addition	NOUN
ajfa-10871	225	3	,	,	PUNCT
ajfa-10871	225	4	all	all	DET
ajfa-10871	225	5	the	the	DET
ajfa-10871	225	6	control	control	NOUN
ajfa-10871	225	7	variables	variable	NOUN
ajfa-10871	225	8	in	in	ADP
ajfa-10871	225	9	the	the	DET
ajfa-10871	225	10	study	study	NOUN
ajfa-10871	225	11	have	have	VERB
ajfa-10871	225	12	higher	high	ADJ
ajfa-10871	225	13	p	p	NOUN
ajfa-10871	225	14	values	value	NOUN
ajfa-10871	225	15	which	which	PRON
ajfa-10871	225	16	represent	represent	VERB
ajfa-10871	225	17	that	that	DET
ajfa-10871	225	18	dividend	dividend	NOUN
ajfa-10871	225	19	policy	policy	NOUN
ajfa-10871	225	20	of	of	ADP
ajfa-10871	225	21	a	a	DET
ajfa-10871	225	22	firm	firm	NOUN
ajfa-10871	225	23	does	do	AUX
ajfa-10871	225	24	not	not	PART
ajfa-10871	225	25	depend	depend	VERB
ajfa-10871	225	26	directly	directly	ADV
ajfa-10871	225	27	on	on	ADP
ajfa-10871	225	28	the	the	DET
ajfa-10871	225	29	factors	factor	NOUN
ajfa-10871	225	30	like	like	ADP
ajfa-10871	225	31	no	no	INTJ
ajfa-10871	225	32	.	.	PUNCT
ajfa-10871	225	33	of	of	ADP
ajfa-10871	225	34	shareholders	shareholder	NOUN
ajfa-10871	225	35	,	,	PUNCT
ajfa-10871	225	36	firm	firm	ADJ
ajfa-10871	225	37	age	age	NOUN
ajfa-10871	225	38	,	,	PUNCT
ajfa-10871	225	39	market	market	NOUN
ajfa-10871	225	40	share	share	NOUN
ajfa-10871	225	41	and	and	CCONJ
ajfa-10871	225	42	risk	risk	NOUN
ajfa-10871	225	43	.	.	PUNCT
ajfa-10871	226	1	therefore	therefore	ADV
ajfa-10871	226	2	,	,	PUNCT
ajfa-10871	226	3	changes	change	NOUN
ajfa-10871	226	4	in	in	ADP
ajfa-10871	226	5	these	these	DET
ajfa-10871	226	6	variables	variable	NOUN
ajfa-10871	226	7	do	do	AUX
ajfa-10871	226	8	not	not	PART
ajfa-10871	226	9	impact	impact	VERB
ajfa-10871	226	10	the	the	DET
ajfa-10871	226	11	dividend	dividend	NOUN
ajfa-10871	226	12	payout	payout	NOUN
ajfa-10871	226	13	of	of	ADP
ajfa-10871	226	14	the	the	DET
ajfa-10871	226	15	industry	industry	NOUN
ajfa-10871	226	16	.	.	PUNCT
ajfa-10871	227	1	asian	asian	ADJ
ajfa-10871	227	2	journal	journal	PROPN
ajfa-10871	227	3	of	of	ADP
ajfa-10871	227	4	finance	finance	PROPN
ajfa-10871	227	5	&	&	CCONJ
ajfa-10871	227	6	accounting	accounting	PROPN
ajfa-10871	227	7	issn	issn	PROPN
ajfa-10871	227	8	1946	1946	NUM
ajfa-10871	227	9	-	-	PUNCT
ajfa-10871	227	10	052x	052x	PROPN
ajfa-10871	227	11	2017	2017	NUM
ajfa-10871	227	12	,	,	PUNCT
ajfa-10871	227	13	vol	vol	NOUN
ajfa-10871	227	14	.	.	NOUN
ajfa-10871	227	15	9	9	NUM
ajfa-10871	227	16	,	,	PUNCT
ajfa-10871	227	17	no	no	INTJ
ajfa-10871	227	18	.	.	NOUN
ajfa-10871	227	19	1	1	NUM
ajfa-10871	227	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	227	21	182	182	NUM
ajfa-10871	227	22	table	table	NOUN
ajfa-10871	227	23	5	5	NUM
ajfa-10871	227	24	.	.	PUNCT
ajfa-10871	227	25	multiple	multiple	ADJ
ajfa-10871	227	26	regression	regression	NOUN
ajfa-10871	227	27	analysis	analysis	NOUN
ajfa-10871	227	28	summary	summary	NOUN
ajfa-10871	227	29	output	output	NOUN
ajfa-10871	227	30	regression	regression	NOUN
ajfa-10871	227	31	statistics	statistic	NOUN
ajfa-10871	227	32	multiple	multiple	ADJ
ajfa-10871	227	33	r	r	NOUN
ajfa-10871	227	34	0.4	0.4	NUM
ajfa-10871	227	35	r	r	NOUN
ajfa-10871	227	36	square	square	NOUN
ajfa-10871	227	37	0.16	0.16	NUM
ajfa-10871	227	38	adjusted	adjust	VERB
ajfa-10871	227	39	r	r	NOUN
ajfa-10871	227	40	square	square	ADJ
ajfa-10871	227	41	0.12	0.12	NUM
ajfa-10871	227	42	standard	standard	ADJ
ajfa-10871	227	43	error	error	NOUN
ajfa-10871	227	44	0.46	0.46	NUM
ajfa-10871	227	45	observations	observation	NOUN
ajfa-10871	227	46	210	210	NUM
ajfa-10871	227	47	anova	anova	PROPN
ajfa-10871	227	48	df	df	PROPN
ajfa-10871	227	49	ss	ss	PROPN
ajfa-10871	228	1	ms	ms	PROPN
ajfa-10871	228	2	f	f	PROPN
ajfa-10871	228	3	significance	significance	NOUN
ajfa-10871	228	4	f	f	PROPN
ajfa-10871	228	5	regression	regression	VERB
ajfa-10871	228	6	10	10	NUM
ajfa-10871	228	7	7.98	7.98	NUM
ajfa-10871	228	8	0.8	0.8	NUM
ajfa-10871	228	9	3.75	3.75	NUM
ajfa-10871	228	10	0.00	0.00	NUM
ajfa-10871	228	11	residual	residual	ADJ
ajfa-10871	228	12	199	199	NUM
ajfa-10871	228	13	42.39	42.39	NUM
ajfa-10871	228	14	0.21	0.21	NUM
ajfa-10871	228	15	total	total	NOUN
ajfa-10871	228	16	209	209	NUM
ajfa-10871	228	17	50.37	50.37	NUM
ajfa-10871	228	18	coefficients	coefficient	NOUN
ajfa-10871	228	19	standard	standard	ADJ
ajfa-10871	228	20	error	error	NOUN
ajfa-10871	228	21	t	t	NOUN
ajfa-10871	228	22	stat	stat	NOUN
ajfa-10871	228	23	p	p	ADJ
ajfa-10871	228	24	-	-	PUNCT
ajfa-10871	228	25	value	value	NOUN
ajfa-10871	228	26	lowe	lowe	NOUN
ajfa-10871	228	27	r	r	NOUN
ajfa-10871	228	28	95	95	NUM
ajfa-10871	228	29	%	%	NOUN
ajfa-10871	228	30	upper	upper	ADJ
ajfa-10871	228	31	95	95	NUM
ajfa-10871	228	32	%	%	NOUN
ajfa-10871	228	33	lower	low	ADJ
ajfa-10871	228	34	95.0	95.0	NUM
ajfa-10871	228	35	%	%	NOUN
ajfa-10871	228	36	upper	upper	ADJ
ajfa-10871	228	37	95.0	95.0	NUM
ajfa-10871	228	38	%	%	NOUN
ajfa-10871	228	39	intercept	intercept	NOUN
ajfa-10871	228	40	1.99	1.99	NUM
ajfa-10871	228	41	0.67	0.67	NUM
ajfa-10871	228	42	2.96	2.96	NUM
ajfa-10871	228	43	0	0	NUM
ajfa-10871	228	44	0.67	0.67	NUM
ajfa-10871	228	45	3.31	3.31	NUM
ajfa-10871	228	46	0.67	0.67	NUM
ajfa-10871	228	47	3.31	3.31	NUM
ajfa-10871	228	48	firm	firm	ADJ
ajfa-10871	228	49	size	size	NOUN
ajfa-10871	228	50	(	(	PUNCT
ajfa-10871	228	51	natural	natural	ADJ
ajfa-10871	228	52	log	log	NOUN
ajfa-10871	228	53	)	)	PUNCT
ajfa-10871	228	54	-0.23	-0.23	NUM
ajfa-10871	229	1	0.08	0.08	NUM
ajfa-10871	229	2	-2.73	-2.73	NUM
ajfa-10871	229	3	0.01	0.01	NUM
ajfa-10871	229	4	-0.4	-0.4	NUM
ajfa-10871	229	5	-0.06	-0.06	PROPN
ajfa-10871	229	6	-0.4	-0.4	NUM
ajfa-10871	229	7	-0.06	-0.06	PROPN
ajfa-10871	229	8	firm	firm	ADJ
ajfa-10871	229	9	growth	growth	NOUN
ajfa-10871	229	10	-0.14	-0.14	NUM
ajfa-10871	229	11	0.15	0.15	NUM
ajfa-10871	229	12	-0.95	-0.95	NUM
ajfa-10871	229	13	0.34	0.34	NUM
ajfa-10871	229	14	-0.43	-0.43	NUM
ajfa-10871	229	15	0.15	0.15	NUM
ajfa-10871	229	16	-0.43	-0.43	NUM
ajfa-10871	229	17	0.15	0.15	NUM
ajfa-10871	229	18	liquidity	liquidity	NOUN
ajfa-10871	229	19	(	(	PUNCT
ajfa-10871	229	20	natural	natural	ADJ
ajfa-10871	229	21	log	log	NOUN
ajfa-10871	229	22	)	)	PUNCT
ajfa-10871	229	23	0.02	0.02	NUM
ajfa-10871	229	24	0.01	0.01	NUM
ajfa-10871	229	25	1.35	1.35	NUM
ajfa-10871	229	26	0.18	0.18	NUM
ajfa-10871	229	27	-0.01	-0.01	NUM
ajfa-10871	229	28	0.05	0.05	NUM
ajfa-10871	229	29	-0.01	-0.01	NUM
ajfa-10871	229	30	0.05	0.05	NUM
ajfa-10871	229	31	return	return	NOUN
ajfa-10871	229	32	on	on	ADP
ajfa-10871	229	33	equity	equity	NOUN
ajfa-10871	229	34	-0.11	-0.11	NUM
ajfa-10871	229	35	0.07	0.07	NUM
ajfa-10871	229	36	-1.6	-1.6	NUM
ajfa-10871	229	37	0.11	0.11	NUM
ajfa-10871	229	38	-0.25	-0.25	NUM
ajfa-10871	229	39	0.03	0.03	NUM
ajfa-10871	229	40	-0.25	-0.25	NUM
ajfa-10871	229	41	0.03	0.03	NUM
ajfa-10871	229	42	last	last	ADJ
ajfa-10871	229	43	year	year	NOUN
ajfa-10871	229	44	's	's	PART
ajfa-10871	229	45	dividend	dividend	NOUN
ajfa-10871	229	46	(	(	PUNCT
ajfa-10871	229	47	natural	natural	ADJ
ajfa-10871	229	48	log	log	NOUN
ajfa-10871	229	49	)	)	PUNCT
ajfa-10871	229	50	0.07	0.07	NUM
ajfa-10871	229	51	0.02	0.02	NUM
ajfa-10871	229	52	3.67	3.67	NUM
ajfa-10871	229	53	0	0	NUM
ajfa-10871	229	54	0.03	0.03	NUM
ajfa-10871	229	55	0.1	0.1	NUM
ajfa-10871	229	56	0.03	0.03	NUM
ajfa-10871	229	57	0.1	0.1	NUM
ajfa-10871	229	58	p	p	NOUN
ajfa-10871	229	59	/	/	SYM
ajfa-10871	229	60	e	e	NOUN
ajfa-10871	229	61	ratio	ratio	NOUN
ajfa-10871	229	62	0	0	NUM
ajfa-10871	229	63	0	0	NUM
ajfa-10871	229	64	1.94	1.94	NUM
ajfa-10871	229	65	0.05	0.05	NUM
ajfa-10871	229	66	0	0	NUM
ajfa-10871	229	67	0	0	NUM
ajfa-10871	229	68	0	0	NUM
ajfa-10871	229	69	0	0	NUM
ajfa-10871	230	1	no	no	NOUN
ajfa-10871	230	2	.	.	NOUN
ajfa-10871	230	3	of	of	ADP
ajfa-10871	230	4	shareholders	shareholder	NOUN
ajfa-10871	230	5	(	(	PUNCT
ajfa-10871	230	6	natural	natural	ADJ
ajfa-10871	230	7	log	log	NOUN
ajfa-10871	230	8	)	)	PUNCT
ajfa-10871	231	1	0.05	0.05	NUM
ajfa-10871	231	2	0.06	0.06	NUM
ajfa-10871	231	3	0.96	0.96	NUM
ajfa-10871	231	4	0.34	0.34	NUM
ajfa-10871	231	5	-0.06	-0.06	NUM
ajfa-10871	231	6	0.16	0.16	NUM
ajfa-10871	231	7	-0.06	-0.06	NUM
ajfa-10871	231	8	0.16	0.16	NUM
ajfa-10871	231	9	firm	firm	NOUN
ajfa-10871	231	10	listing	list	VERB
ajfa-10871	231	11	age	age	NOUN
ajfa-10871	231	12	(	(	PUNCT
ajfa-10871	231	13	natural	natural	ADJ
ajfa-10871	231	14	log	log	NOUN
ajfa-10871	231	15	)	)	PUNCT
ajfa-10871	231	16	-0.08	-0.08	NUM
ajfa-10871	231	17	0.14	0.14	NUM
ajfa-10871	231	18	-0.57	-0.57	NOUN
ajfa-10871	231	19	0.57	0.57	NUM
ajfa-10871	231	20	-0.36	-0.36	NUM
ajfa-10871	231	21	0.2	0.2	NUM
ajfa-10871	231	22	-0.36	-0.36	NUM
ajfa-10871	231	23	0.2	0.2	NUM
ajfa-10871	231	24	market	market	NOUN
ajfa-10871	231	25	share	share	NOUN
ajfa-10871	231	26	-0.85	-0.85	NOUN
ajfa-10871	231	27	0.73	0.73	NUM
ajfa-10871	231	28	-1.17	-1.17	NUM
ajfa-10871	231	29	0.24	0.24	NUM
ajfa-10871	231	30	-2.28	-2.28	NUM
ajfa-10871	231	31	0.58	0.58	NUM
ajfa-10871	231	32	-2.28	-2.28	NOUN
ajfa-10871	231	33	0.58	0.58	NUM
ajfa-10871	231	34	risk	risk	NOUN
ajfa-10871	231	35	-0.11	-0.11	NUM
ajfa-10871	231	36	0.09	0.09	NUM
ajfa-10871	231	37	-1.26	-1.26	NUM
ajfa-10871	231	38	0.21	0.21	NUM
ajfa-10871	231	39	-0.29	-0.29	NUM
ajfa-10871	231	40	0.06	0.06	NUM
ajfa-10871	231	41	-0.29	-0.29	NUM
ajfa-10871	231	42	0.06	0.06	NUM
ajfa-10871	231	43	8	8	NUM
ajfa-10871	231	44	.	.	PUNCT
ajfa-10871	232	1	contribution	contribution	NOUN
ajfa-10871	232	2	and	and	CCONJ
ajfa-10871	232	3	practical	practical	ADJ
ajfa-10871	232	4	implications	implication	NOUN
ajfa-10871	232	5	numerous	numerous	ADJ
ajfa-10871	232	6	research	research	NOUN
ajfa-10871	232	7	works	work	NOUN
ajfa-10871	232	8	have	have	AUX
ajfa-10871	232	9	been	be	AUX
ajfa-10871	232	10	carried	carry	VERB
ajfa-10871	232	11	out	out	ADP
ajfa-10871	232	12	in	in	ADP
ajfa-10871	232	13	this	this	DET
ajfa-10871	232	14	field	field	NOUN
ajfa-10871	232	15	,	,	PUNCT
ajfa-10871	232	16	especially	especially	ADV
ajfa-10871	232	17	covering	cover	VERB
ajfa-10871	232	18	the	the	DET
ajfa-10871	232	19	developed	developed	ADJ
ajfa-10871	232	20	world	world	NOUN
ajfa-10871	232	21	.	.	PUNCT
ajfa-10871	233	1	such	such	ADJ
ajfa-10871	233	2	studies	study	NOUN
ajfa-10871	233	3	have	have	VERB
ajfa-10871	233	4	noteworthy	noteworthy	ADJ
ajfa-10871	233	5	contribution	contribution	NOUN
ajfa-10871	233	6	to	to	ADP
ajfa-10871	233	7	the	the	DET
ajfa-10871	233	8	financial	financial	ADJ
ajfa-10871	233	9	literature	literature	NOUN
ajfa-10871	233	10	of	of	ADP
ajfa-10871	233	11	developing	develop	VERB
ajfa-10871	233	12	countries	country	NOUN
ajfa-10871	233	13	like	like	ADP
ajfa-10871	233	14	bangladesh	bangladesh	PROPN
ajfa-10871	233	15	.	.	PUNCT
ajfa-10871	234	1	however	however	ADV
ajfa-10871	234	2	,	,	PUNCT
ajfa-10871	234	3	their	their	PRON
ajfa-10871	234	4	outcomes	outcome	NOUN
ajfa-10871	234	5	may	may	AUX
ajfa-10871	234	6	not	not	PART
ajfa-10871	234	7	have	have	VERB
ajfa-10871	234	8	direct	direct	ADJ
ajfa-10871	234	9	implications	implication	NOUN
ajfa-10871	234	10	in	in	ADP
ajfa-10871	234	11	bangladesh	bangladesh	PROPN
ajfa-10871	234	12	context	context	NOUN
ajfa-10871	234	13	due	due	ADP
ajfa-10871	234	14	to	to	ADP
ajfa-10871	234	15	dissimilarity	dissimilarity	NOUN
ajfa-10871	234	16	of	of	ADP
ajfa-10871	234	17	cultural	cultural	ADJ
ajfa-10871	234	18	,	,	PUNCT
ajfa-10871	234	19	political	political	ADJ
ajfa-10871	234	20	,	,	PUNCT
ajfa-10871	234	21	and	and	CCONJ
ajfa-10871	234	22	economic	economic	ADJ
ajfa-10871	234	23	asian	asian	ADJ
ajfa-10871	234	24	journal	journal	NOUN
ajfa-10871	234	25	of	of	ADP
ajfa-10871	234	26	finance	finance	PROPN
ajfa-10871	234	27	&	&	CCONJ
ajfa-10871	234	28	accounting	accounting	PROPN
ajfa-10871	234	29	issn	issn	PROPN
ajfa-10871	234	30	1946	1946	NUM
ajfa-10871	234	31	-	-	PUNCT
ajfa-10871	234	32	052x	052x	PROPN
ajfa-10871	234	33	2017	2017	NUM
ajfa-10871	234	34	,	,	PUNCT
ajfa-10871	234	35	vol	vol	NOUN
ajfa-10871	234	36	.	.	NOUN
ajfa-10871	235	1	9	9	NUM
ajfa-10871	235	2	,	,	PUNCT
ajfa-10871	235	3	no	no	INTJ
ajfa-10871	235	4	.	.	NOUN
ajfa-10871	235	5	1	1	NUM
ajfa-10871	235	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	235	7	183	183	NUM
ajfa-10871	235	8	arrangements	arrangement	NOUN
ajfa-10871	235	9	.	.	PUNCT
ajfa-10871	236	1	the	the	DET
ajfa-10871	236	2	upshot	upshot	NOUN
ajfa-10871	236	3	of	of	ADP
ajfa-10871	236	4	the	the	DET
ajfa-10871	236	5	research	research	NOUN
ajfa-10871	236	6	is	be	AUX
ajfa-10871	236	7	expected	expect	VERB
ajfa-10871	236	8	to	to	PART
ajfa-10871	236	9	offer	offer	VERB
ajfa-10871	236	10	unique	unique	ADJ
ajfa-10871	236	11	hub	hub	NOUN
ajfa-10871	236	12	to	to	ADP
ajfa-10871	236	13	investors	investor	NOUN
ajfa-10871	236	14	,	,	PUNCT
ajfa-10871	236	15	especially	especially	ADV
ajfa-10871	236	16	in	in	ADP
ajfa-10871	236	17	their	their	PRON
ajfa-10871	236	18	security	security	NOUN
ajfa-10871	236	19	selection	selection	NOUN
ajfa-10871	236	20	process	process	NOUN
ajfa-10871	236	21	.	.	PUNCT
ajfa-10871	237	1	moreover	moreover	ADV
ajfa-10871	237	2	,	,	PUNCT
ajfa-10871	237	3	policy	policy	NOUN
ajfa-10871	237	4	makers	maker	NOUN
ajfa-10871	237	5	and	and	CCONJ
ajfa-10871	237	6	management	management	NOUN
ajfa-10871	237	7	authority	authority	NOUN
ajfa-10871	237	8	of	of	ADP
ajfa-10871	237	9	bangladeshi	bangladeshi	ADJ
ajfa-10871	237	10	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	237	11	and	and	CCONJ
ajfa-10871	237	12	chemicals	chemical	NOUN
ajfa-10871	237	13	companies	company	NOUN
ajfa-10871	237	14	may	may	AUX
ajfa-10871	237	15	want	want	VERB
ajfa-10871	237	16	to	to	PART
ajfa-10871	237	17	re	re	VERB
ajfa-10871	237	18	-	-	VERB
ajfa-10871	237	19	sketch	sketch	VERB
ajfa-10871	237	20	their	their	PRON
ajfa-10871	237	21	dividend	dividend	NOUN
ajfa-10871	237	22	policies	policy	NOUN
ajfa-10871	237	23	based	base	VERB
ajfa-10871	237	24	on	on	ADP
ajfa-10871	237	25	the	the	DET
ajfa-10871	237	26	outcomes	outcome	NOUN
ajfa-10871	237	27	of	of	ADP
ajfa-10871	237	28	the	the	DET
ajfa-10871	237	29	study	study	NOUN
ajfa-10871	237	30	in	in	ADP
ajfa-10871	237	31	order	order	NOUN
ajfa-10871	237	32	to	to	PART
ajfa-10871	237	33	draw	draw	VERB
ajfa-10871	237	34	the	the	DET
ajfa-10871	237	35	attention	attention	NOUN
ajfa-10871	237	36	of	of	ADP
ajfa-10871	237	37	equity	equity	NOUN
ajfa-10871	237	38	investors	investor	NOUN
ajfa-10871	237	39	towards	towards	ADP
ajfa-10871	237	40	their	their	PRON
ajfa-10871	237	41	companies	company	NOUN
ajfa-10871	237	42	.	.	PUNCT
ajfa-10871	238	1	investment	investment	NOUN
ajfa-10871	238	2	consultants	consultant	NOUN
ajfa-10871	238	3	can	can	AUX
ajfa-10871	238	4	edify	edify	VERB
ajfa-10871	238	5	themselves	themselves	PRON
ajfa-10871	238	6	based	base	VERB
ajfa-10871	238	7	on	on	ADP
ajfa-10871	238	8	the	the	DET
ajfa-10871	238	9	outcomes	outcome	NOUN
ajfa-10871	238	10	of	of	ADP
ajfa-10871	238	11	the	the	DET
ajfa-10871	238	12	study	study	NOUN
ajfa-10871	238	13	and	and	CCONJ
ajfa-10871	238	14	guide	guide	VERB
ajfa-10871	238	15	their	their	PRON
ajfa-10871	238	16	clients	client	NOUN
ajfa-10871	238	17	accordingly	accordingly	ADV
ajfa-10871	238	18	.	.	PUNCT
ajfa-10871	239	1	regulators	regulator	NOUN
ajfa-10871	239	2	in	in	ADP
ajfa-10871	239	3	the	the	DET
ajfa-10871	239	4	stock	stock	NOUN
ajfa-10871	239	5	market	market	NOUN
ajfa-10871	239	6	can	can	AUX
ajfa-10871	239	7	also	also	ADV
ajfa-10871	239	8	be	be	AUX
ajfa-10871	239	9	aware	aware	ADJ
ajfa-10871	239	10	of	of	ADP
ajfa-10871	239	11	the	the	DET
ajfa-10871	239	12	impact	impact	NOUN
ajfa-10871	239	13	of	of	ADP
ajfa-10871	239	14	the	the	DET
ajfa-10871	239	15	examined	examine	VERB
ajfa-10871	239	16	factors	factor	NOUN
ajfa-10871	239	17	on	on	ADP
ajfa-10871	239	18	the	the	DET
ajfa-10871	239	19	dividend	dividend	NOUN
ajfa-10871	239	20	payout	payout	NOUN
ajfa-10871	239	21	of	of	ADP
ajfa-10871	239	22	such	such	DET
ajfa-10871	239	23	a	a	DET
ajfa-10871	239	24	promising	promising	ADJ
ajfa-10871	239	25	sector	sector	NOUN
ajfa-10871	239	26	listed	list	VERB
ajfa-10871	239	27	in	in	ADP
ajfa-10871	239	28	bangladesh	bangladesh	NOUN
ajfa-10871	239	29	stock	stock	NOUN
ajfa-10871	239	30	market	market	NOUN
ajfa-10871	239	31	;	;	PUNCT
ajfa-10871	239	32	which	which	PRON
ajfa-10871	239	33	may	may	AUX
ajfa-10871	239	34	help	help	VERB
ajfa-10871	239	35	them	they	PRON
ajfa-10871	239	36	in	in	ADP
ajfa-10871	239	37	updating	update	VERB
ajfa-10871	239	38	their	their	PRON
ajfa-10871	239	39	regulations	regulation	NOUN
ajfa-10871	239	40	with	with	ADP
ajfa-10871	239	41	respect	respect	NOUN
ajfa-10871	239	42	to	to	ADP
ajfa-10871	239	43	dividend	dividend	NOUN
ajfa-10871	239	44	issues	issue	NOUN
ajfa-10871	239	45	,	,	PUNCT
ajfa-10871	239	46	and	and	CCONJ
ajfa-10871	239	47	thus	thus	ADV
ajfa-10871	239	48	,	,	PUNCT
ajfa-10871	239	49	maintaining	maintain	VERB
ajfa-10871	239	50	stability	stability	NOUN
ajfa-10871	239	51	in	in	ADP
ajfa-10871	239	52	the	the	DET
ajfa-10871	239	53	stock	stock	NOUN
ajfa-10871	239	54	market	market	NOUN
ajfa-10871	239	55	.	.	PUNCT
ajfa-10871	240	1	9	9	X
ajfa-10871	240	2	.	.	X
ajfa-10871	240	3	conclusion	conclusion	NOUN
ajfa-10871	240	4	dividend	dividend	NOUN
ajfa-10871	240	5	policy	policy	NOUN
ajfa-10871	240	6	can	can	AUX
ajfa-10871	240	7	be	be	AUX
ajfa-10871	240	8	marked	mark	VERB
ajfa-10871	240	9	as	as	ADP
ajfa-10871	240	10	a	a	DET
ajfa-10871	240	11	vital	vital	ADJ
ajfa-10871	240	12	research	research	NOUN
ajfa-10871	240	13	arena	arena	NOUN
ajfa-10871	240	14	in	in	ADP
ajfa-10871	240	15	corporate	corporate	ADJ
ajfa-10871	240	16	finance	finance	NOUN
ajfa-10871	240	17	.	.	PUNCT
ajfa-10871	241	1	this	this	DET
ajfa-10871	241	2	research	research	NOUN
ajfa-10871	241	3	is	be	AUX
ajfa-10871	241	4	an	an	DET
ajfa-10871	241	5	endeavor	endeavor	NOUN
ajfa-10871	241	6	to	to	PART
ajfa-10871	241	7	determine	determine	VERB
ajfa-10871	241	8	the	the	DET
ajfa-10871	241	9	factors	factor	NOUN
ajfa-10871	241	10	that	that	PRON
ajfa-10871	241	11	affect	affect	VERB
ajfa-10871	241	12	the	the	DET
ajfa-10871	241	13	dividend	dividend	NOUN
ajfa-10871	241	14	policy	policy	NOUN
ajfa-10871	241	15	of	of	ADP
ajfa-10871	241	16	the	the	DET
ajfa-10871	241	17	firms	firm	NOUN
ajfa-10871	241	18	in	in	ADP
ajfa-10871	241	19	the	the	DET
ajfa-10871	241	20	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	241	21	and	and	CCONJ
ajfa-10871	241	22	chemicals	chemical	NOUN
ajfa-10871	241	23	industries	industry	NOUN
ajfa-10871	241	24	.	.	PUNCT
ajfa-10871	242	1	the	the	DET
ajfa-10871	242	2	study	study	NOUN
ajfa-10871	242	3	explores	explore	VERB
ajfa-10871	242	4	that	that	SCONJ
ajfa-10871	242	5	firm	firm	ADJ
ajfa-10871	242	6	size	size	NOUN
ajfa-10871	242	7	has	have	VERB
ajfa-10871	242	8	a	a	DET
ajfa-10871	242	9	significant	significant	ADJ
ajfa-10871	242	10	and	and	CCONJ
ajfa-10871	242	11	negative	negative	ADJ
ajfa-10871	242	12	effect	effect	NOUN
ajfa-10871	242	13	on	on	ADP
ajfa-10871	242	14	the	the	DET
ajfa-10871	242	15	dividend	dividend	NOUN
ajfa-10871	242	16	policy	policy	NOUN
ajfa-10871	242	17	of	of	ADP
ajfa-10871	242	18	the	the	DET
ajfa-10871	242	19	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	242	20	and	and	CCONJ
ajfa-10871	242	21	chemicals	chemical	NOUN
ajfa-10871	242	22	industries	industry	NOUN
ajfa-10871	242	23	.	.	PUNCT
ajfa-10871	243	1	in	in	ADP
ajfa-10871	243	2	addition	addition	NOUN
ajfa-10871	243	3	,	,	PUNCT
ajfa-10871	243	4	last	last	ADJ
ajfa-10871	243	5	year	year	NOUN
ajfa-10871	243	6	's	's	PART
ajfa-10871	243	7	divided	divide	VERB
ajfa-10871	243	8	is	be	AUX
ajfa-10871	243	9	confirmed	confirm	VERB
ajfa-10871	243	10	to	to	PART
ajfa-10871	243	11	have	have	VERB
ajfa-10871	243	12	a	a	DET
ajfa-10871	243	13	significant	significant	ADJ
ajfa-10871	243	14	positive	positive	ADJ
ajfa-10871	243	15	impact	impact	NOUN
ajfa-10871	243	16	on	on	ADP
ajfa-10871	243	17	the	the	DET
ajfa-10871	243	18	dividend	dividend	NOUN
ajfa-10871	243	19	payout	payout	NOUN
ajfa-10871	243	20	of	of	ADP
ajfa-10871	243	21	the	the	DET
ajfa-10871	243	22	firms	firm	NOUN
ajfa-10871	243	23	.	.	PUNCT
ajfa-10871	244	1	however	however	ADV
ajfa-10871	244	2	,	,	PUNCT
ajfa-10871	244	3	the	the	DET
ajfa-10871	244	4	study	study	NOUN
ajfa-10871	244	5	found	find	VERB
ajfa-10871	244	6	no	no	DET
ajfa-10871	244	7	significant	significant	ADJ
ajfa-10871	244	8	relationship	relationship	NOUN
ajfa-10871	244	9	of	of	ADP
ajfa-10871	244	10	dividend	dividend	NOUN
ajfa-10871	244	11	payment	payment	NOUN
ajfa-10871	244	12	with	with	ADP
ajfa-10871	244	13	firm	firm	ADJ
ajfa-10871	244	14	growth	growth	NOUN
ajfa-10871	244	15	,	,	PUNCT
ajfa-10871	244	16	liquidity	liquidity	NOUN
ajfa-10871	244	17	,	,	PUNCT
ajfa-10871	244	18	profitability	profitability	NOUN
ajfa-10871	244	19	and	and	CCONJ
ajfa-10871	244	20	p	p	NOUN
ajfa-10871	244	21	/	/	SYM
ajfa-10871	244	22	e	e	NOUN
ajfa-10871	244	23	ratio	ratio	NOUN
ajfa-10871	244	24	.	.	PUNCT
ajfa-10871	245	1	based	base	VERB
ajfa-10871	245	2	on	on	ADP
ajfa-10871	245	3	the	the	DET
ajfa-10871	245	4	findings	finding	NOUN
ajfa-10871	245	5	of	of	ADP
ajfa-10871	245	6	the	the	DET
ajfa-10871	245	7	research	research	NOUN
ajfa-10871	245	8	,	,	PUNCT
ajfa-10871	245	9	investors	investor	NOUN
ajfa-10871	245	10	can	can	AUX
ajfa-10871	245	11	be	be	AUX
ajfa-10871	245	12	suggested	suggest	VERB
ajfa-10871	245	13	to	to	PART
ajfa-10871	245	14	focus	focus	VERB
ajfa-10871	245	15	exclusively	exclusively	ADV
ajfa-10871	245	16	on	on	ADP
ajfa-10871	245	17	the	the	DET
ajfa-10871	245	18	size	size	NOUN
ajfa-10871	245	19	of	of	ADP
ajfa-10871	245	20	the	the	DET
ajfa-10871	245	21	corporations	corporation	NOUN
ajfa-10871	245	22	and	and	CCONJ
ajfa-10871	245	23	their	their	PRON
ajfa-10871	245	24	previous	previous	ADJ
ajfa-10871	245	25	dividend	dividend	NOUN
ajfa-10871	245	26	payment	payment	NOUN
ajfa-10871	245	27	trend	trend	NOUN
ajfa-10871	245	28	while	while	SCONJ
ajfa-10871	245	29	investing	invest	VERB
ajfa-10871	245	30	in	in	ADP
ajfa-10871	245	31	the	the	DET
ajfa-10871	245	32	shares	share	NOUN
ajfa-10871	245	33	of	of	ADP
ajfa-10871	245	34	the	the	DET
ajfa-10871	245	35	companies	company	NOUN
ajfa-10871	245	36	in	in	ADP
ajfa-10871	245	37	these	these	DET
ajfa-10871	245	38	industries	industry	NOUN
ajfa-10871	245	39	.	.	PUNCT
ajfa-10871	246	1	10	10	NUM
ajfa-10871	246	2	.	.	PUNCT
ajfa-10871	246	3	limitations	limitation	NOUN
ajfa-10871	246	4	of	of	ADP
ajfa-10871	246	5	the	the	DET
ajfa-10871	246	6	study	study	NOUN
ajfa-10871	246	7	and	and	CCONJ
ajfa-10871	246	8	scope	scope	NOUN
ajfa-10871	246	9	for	for	ADP
ajfa-10871	246	10	further	further	ADJ
ajfa-10871	246	11	research	research	NOUN
ajfa-10871	246	12	the	the	DET
ajfa-10871	246	13	research	research	NOUN
ajfa-10871	246	14	is	be	AUX
ajfa-10871	246	15	based	base	VERB
ajfa-10871	246	16	on	on	ADP
ajfa-10871	246	17	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	246	18	and	and	CCONJ
ajfa-10871	246	19	chemicals	chemical	NOUN
ajfa-10871	246	20	companies	company	NOUN
ajfa-10871	246	21	listed	list	VERB
ajfa-10871	246	22	in	in	ADP
ajfa-10871	246	23	dse	dse	PROPN
ajfa-10871	246	24	.	.	PUNCT
ajfa-10871	247	1	compared	compare	VERB
ajfa-10871	247	2	to	to	ADP
ajfa-10871	247	3	the	the	DET
ajfa-10871	247	4	stock	stock	NOUN
ajfa-10871	247	5	markets	market	NOUN
ajfa-10871	247	6	of	of	ADP
ajfa-10871	247	7	developed	develop	VERB
ajfa-10871	247	8	countries	country	NOUN
ajfa-10871	247	9	around	around	ADP
ajfa-10871	247	10	the	the	DET
ajfa-10871	247	11	world	world	NOUN
ajfa-10871	247	12	,	,	PUNCT
ajfa-10871	247	13	dse	dse	PROPN
ajfa-10871	247	14	is	be	AUX
ajfa-10871	247	15	at	at	ADP
ajfa-10871	247	16	its	its	PRON
ajfa-10871	247	17	emerging	emerge	VERB
ajfa-10871	247	18	stage	stage	NOUN
ajfa-10871	247	19	.	.	PUNCT
ajfa-10871	248	1	the	the	DET
ajfa-10871	248	2	securities	securities	PROPN
ajfa-10871	248	3	and	and	CCONJ
ajfa-10871	248	4	exchange	exchange	PROPN
ajfa-10871	248	5	commission	commission	PROPN
ajfa-10871	248	6	(	(	PUNCT
ajfa-10871	248	7	sec	sec	PROPN
ajfa-10871	248	8	)	)	PUNCT
ajfa-10871	248	9	also	also	ADV
ajfa-10871	248	10	needs	need	VERB
ajfa-10871	248	11	to	to	PART
ajfa-10871	248	12	be	be	AUX
ajfa-10871	248	13	more	more	ADV
ajfa-10871	248	14	structured	structured	ADJ
ajfa-10871	248	15	and	and	CCONJ
ajfa-10871	248	16	regulated	regulate	VERB
ajfa-10871	248	17	.	.	PUNCT
ajfa-10871	249	1	corporate	corporate	ADJ
ajfa-10871	249	2	governance	governance	NOUN
ajfa-10871	249	3	is	be	AUX
ajfa-10871	249	4	yet	yet	ADV
ajfa-10871	249	5	to	to	PART
ajfa-10871	249	6	be	be	AUX
ajfa-10871	249	7	properly	properly	ADV
ajfa-10871	249	8	implemented	implement	VERB
ajfa-10871	249	9	here	here	ADV
ajfa-10871	249	10	.	.	PUNCT
ajfa-10871	250	1	different	different	ADJ
ajfa-10871	250	2	manipulation	manipulation	NOUN
ajfa-10871	250	3	,	,	PUNCT
ajfa-10871	250	4	inconsistency	inconsistency	NOUN
ajfa-10871	250	5	,	,	PUNCT
ajfa-10871	250	6	misspecification	misspecification	NOUN
ajfa-10871	250	7	and	and	CCONJ
ajfa-10871	250	8	misrepresentation	misrepresentation	NOUN
ajfa-10871	250	9	in	in	ADP
ajfa-10871	250	10	data	datum	NOUN
ajfa-10871	250	11	may	may	AUX
ajfa-10871	250	12	create	create	VERB
ajfa-10871	250	13	misleading	mislead	VERB
ajfa-10871	250	14	information	information	NOUN
ajfa-10871	250	15	for	for	ADP
ajfa-10871	250	16	investors	investor	NOUN
ajfa-10871	250	17	,	,	PUNCT
ajfa-10871	250	18	analysts	analyst	NOUN
ajfa-10871	250	19	,	,	PUNCT
ajfa-10871	250	20	professionals	professional	NOUN
ajfa-10871	250	21	and	and	CCONJ
ajfa-10871	250	22	researchers	researcher	NOUN
ajfa-10871	250	23	.	.	PUNCT
ajfa-10871	251	1	for	for	ADP
ajfa-10871	251	2	this	this	DET
ajfa-10871	251	3	study	study	NOUN
ajfa-10871	251	4	,	,	PUNCT
ajfa-10871	251	5	most	most	ADJ
ajfa-10871	251	6	of	of	ADP
ajfa-10871	251	7	the	the	DET
ajfa-10871	251	8	data	datum	NOUN
ajfa-10871	251	9	were	be	AUX
ajfa-10871	251	10	collected	collect	VERB
ajfa-10871	251	11	from	from	ADP
ajfa-10871	251	12	the	the	DET
ajfa-10871	251	13	financial	financial	ADJ
ajfa-10871	251	14	statements	statement	NOUN
ajfa-10871	251	15	of	of	ADP
ajfa-10871	251	16	the	the	DET
ajfa-10871	251	17	sample	sample	NOUN
ajfa-10871	251	18	companies	company	NOUN
ajfa-10871	251	19	,	,	PUNCT
ajfa-10871	251	20	where	where	SCONJ
ajfa-10871	251	21	data	datum	NOUN
ajfa-10871	251	22	manipulation	manipulation	NOUN
ajfa-10871	251	23	is	be	AUX
ajfa-10871	251	24	a	a	DET
ajfa-10871	251	25	common	common	ADJ
ajfa-10871	251	26	phenomenon	phenomenon	NOUN
ajfa-10871	251	27	.	.	PUNCT
ajfa-10871	252	1	due	due	ADP
ajfa-10871	252	2	to	to	ADP
ajfa-10871	252	3	the	the	DET
ajfa-10871	252	4	absence	absence	NOUN
ajfa-10871	252	5	of	of	ADP
ajfa-10871	252	6	strong	strong	ADJ
ajfa-10871	252	7	corporate	corporate	ADJ
ajfa-10871	252	8	governance	governance	NOUN
ajfa-10871	252	9	,	,	PUNCT
ajfa-10871	252	10	regulatory	regulatory	ADJ
ajfa-10871	252	11	bindings	binding	NOUN
ajfa-10871	252	12	and	and	CCONJ
ajfa-10871	252	13	accountability	accountability	NOUN
ajfa-10871	252	14	to	to	ADP
ajfa-10871	252	15	dse	dse	PROPN
ajfa-10871	252	16	and	and	CCONJ
ajfa-10871	252	17	sec	sec	PROPN
ajfa-10871	252	18	,	,	PUNCT
ajfa-10871	252	19	some	some	DET
ajfa-10871	252	20	companies	company	NOUN
ajfa-10871	252	21	get	get	VERB
ajfa-10871	252	22	the	the	DET
ajfa-10871	252	23	opportunity	opportunity	NOUN
ajfa-10871	252	24	to	to	PART
ajfa-10871	252	25	manipulate	manipulate	VERB
ajfa-10871	252	26	data	datum	NOUN
ajfa-10871	252	27	,	,	PUNCT
ajfa-10871	252	28	which	which	PRON
ajfa-10871	252	29	is	be	AUX
ajfa-10871	252	30	not	not	PART
ajfa-10871	252	31	the	the	DET
ajfa-10871	252	32	concern	concern	NOUN
ajfa-10871	252	33	of	of	ADP
ajfa-10871	252	34	this	this	DET
ajfa-10871	252	35	study	study	NOUN
ajfa-10871	252	36	.	.	PUNCT
ajfa-10871	253	1	moreover	moreover	ADV
ajfa-10871	253	2	,	,	PUNCT
ajfa-10871	253	3	although	although	SCONJ
ajfa-10871	253	4	there	there	PRON
ajfa-10871	253	5	has	have	AUX
ajfa-10871	253	6	been	be	AUX
ajfa-10871	253	7	an	an	DET
ajfa-10871	253	8	ample	ample	ADJ
ajfa-10871	253	9	amount	amount	NOUN
ajfa-10871	253	10	of	of	ADP
ajfa-10871	253	11	research	research	NOUN
ajfa-10871	253	12	regarding	regard	VERB
ajfa-10871	253	13	industry	industry	NOUN
ajfa-10871	253	14	dividend	dividend	NOUN
ajfa-10871	253	15	policy	policy	NOUN
ajfa-10871	253	16	,	,	PUNCT
ajfa-10871	253	17	limited	limit	VERB
ajfa-10871	253	18	substantial	substantial	ADJ
ajfa-10871	253	19	work	work	NOUN
ajfa-10871	253	20	has	have	AUX
ajfa-10871	253	21	been	be	AUX
ajfa-10871	253	22	done	do	VERB
ajfa-10871	253	23	thus	thus	ADV
ajfa-10871	253	24	far	far	ADV
ajfa-10871	253	25	in	in	ADP
ajfa-10871	253	26	bangladesh	bangladesh	NOUN
ajfa-10871	253	27	on	on	ADP
ajfa-10871	253	28	the	the	DET
ajfa-10871	253	29	dividend	dividend	NOUN
ajfa-10871	253	30	policy	policy	NOUN
ajfa-10871	253	31	determinants	determinant	NOUN
ajfa-10871	253	32	of	of	ADP
ajfa-10871	253	33	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	253	34	companies	company	NOUN
ajfa-10871	253	35	.	.	PUNCT
ajfa-10871	254	1	therefore	therefore	ADV
ajfa-10871	254	2	,	,	PUNCT
ajfa-10871	254	3	an	an	DET
ajfa-10871	254	4	insufficiency	insufficiency	NOUN
ajfa-10871	254	5	of	of	ADP
ajfa-10871	254	6	empirical	empirical	ADJ
ajfa-10871	254	7	literature	literature	NOUN
ajfa-10871	254	8	exists	exist	VERB
ajfa-10871	254	9	in	in	ADP
ajfa-10871	254	10	this	this	DET
ajfa-10871	254	11	arena	arena	NOUN
ajfa-10871	254	12	.	.	PUNCT
ajfa-10871	255	1	the	the	DET
ajfa-10871	255	2	study	study	NOUN
ajfa-10871	255	3	attempted	attempt	VERB
ajfa-10871	255	4	to	to	PART
ajfa-10871	255	5	paint	paint	VERB
ajfa-10871	255	6	the	the	DET
ajfa-10871	255	7	set	set	NOUN
ajfa-10871	255	8	of	of	ADP
ajfa-10871	255	9	factors	factor	NOUN
ajfa-10871	255	10	with	with	ADP
ajfa-10871	255	11	a	a	DET
ajfa-10871	255	12	deliberately	deliberately	ADV
ajfa-10871	255	13	large	large	ADJ
ajfa-10871	255	14	brush	brush	NOUN
ajfa-10871	255	15	,	,	PUNCT
ajfa-10871	255	16	given	give	VERB
ajfa-10871	255	17	its	its	PRON
ajfa-10871	255	18	objective	objective	NOUN
ajfa-10871	255	19	is	be	AUX
ajfa-10871	255	20	to	to	PART
ajfa-10871	255	21	explore	explore	VERB
ajfa-10871	255	22	the	the	DET
ajfa-10871	255	23	dividend	dividend	NOUN
ajfa-10871	255	24	determinants	determinant	NOUN
ajfa-10871	255	25	of	of	ADP
ajfa-10871	255	26	the	the	DET
ajfa-10871	255	27	pharmaceuticals	pharmaceutical	NOUN
ajfa-10871	255	28	and	and	CCONJ
ajfa-10871	255	29	chemicals	chemical	NOUN
ajfa-10871	255	30	industries	industry	NOUN
ajfa-10871	255	31	,	,	PUNCT
ajfa-10871	255	32	especially	especially	ADV
ajfa-10871	255	33	to	to	PART
ajfa-10871	255	34	guide	guide	VERB
ajfa-10871	255	35	the	the	DET
ajfa-10871	255	36	stock	stock	NOUN
ajfa-10871	255	37	market	market	NOUN
ajfa-10871	255	38	investors	investor	NOUN
ajfa-10871	255	39	.	.	PUNCT
ajfa-10871	256	1	certainly	certainly	ADV
ajfa-10871	256	2	more	more	ADJ
ajfa-10871	256	3	work	work	NOUN
ajfa-10871	256	4	lies	lie	VERB
ajfa-10871	256	5	ahead	ahead	ADV
ajfa-10871	256	6	to	to	PART
ajfa-10871	256	7	add	add	VERB
ajfa-10871	256	8	to	to	ADP
ajfa-10871	256	9	explanations	explanation	NOUN
ajfa-10871	256	10	for	for	ADP
ajfa-10871	256	11	why	why	SCONJ
ajfa-10871	256	12	some	some	PRON
ajfa-10871	256	13	of	of	ADP
ajfa-10871	256	14	the	the	DET
ajfa-10871	256	15	factors	factor	NOUN
ajfa-10871	256	16	affect	affect	VERB
ajfa-10871	256	17	the	the	DET
ajfa-10871	256	18	dividend	dividend	NOUN
ajfa-10871	256	19	policy	policy	NOUN
ajfa-10871	256	20	of	of	ADP
ajfa-10871	256	21	the	the	DET
ajfa-10871	256	22	industries	industry	NOUN
ajfa-10871	256	23	,	,	PUNCT
ajfa-10871	256	24	while	while	SCONJ
ajfa-10871	256	25	others	other	NOUN
ajfa-10871	256	26	have	have	VERB
ajfa-10871	256	27	no	no	DET
ajfa-10871	256	28	significant	significant	ADJ
ajfa-10871	256	29	impact	impact	NOUN
ajfa-10871	256	30	thereon	thereon	NOUN
ajfa-10871	256	31	.	.	PUNCT
ajfa-10871	257	1	further	further	ADJ
ajfa-10871	257	2	research	research	NOUN
ajfa-10871	257	3	can	can	AUX
ajfa-10871	257	4	also	also	ADV
ajfa-10871	257	5	be	be	AUX
ajfa-10871	257	6	done	do	VERB
ajfa-10871	257	7	in	in	ADP
ajfa-10871	257	8	order	order	NOUN
ajfa-10871	257	9	to	to	ADP
ajfa-10871	257	10	asian	asian	ADJ
ajfa-10871	257	11	journal	journal	NOUN
ajfa-10871	257	12	of	of	ADP
ajfa-10871	257	13	finance	finance	PROPN
ajfa-10871	257	14	&	&	CCONJ
ajfa-10871	257	15	accounting	accounting	PROPN
ajfa-10871	257	16	issn	issn	PROPN
ajfa-10871	257	17	1946	1946	NUM
ajfa-10871	257	18	-	-	PUNCT
ajfa-10871	257	19	052x	052x	PROPN
ajfa-10871	257	20	2017	2017	NUM
ajfa-10871	257	21	,	,	PUNCT
ajfa-10871	257	22	vol	vol	NOUN
ajfa-10871	257	23	.	.	NOUN
ajfa-10871	257	24	9	9	NUM
ajfa-10871	257	25	,	,	PUNCT
ajfa-10871	257	26	no	no	INTJ
ajfa-10871	257	27	.	.	NOUN
ajfa-10871	257	28	1	1	NUM
ajfa-10871	257	29	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	257	30	184	184	NUM
ajfa-10871	257	31	identify	identify	VERB
ajfa-10871	257	32	the	the	DET
ajfa-10871	257	33	stock	stock	NOUN
ajfa-10871	257	34	market	market	NOUN
ajfa-10871	257	35	investors	investor	NOUN
ajfa-10871	257	36	'	'	PART
ajfa-10871	257	37	view	view	NOUN
ajfa-10871	257	38	on	on	ADP
ajfa-10871	257	39	dividend	dividend	NOUN
ajfa-10871	257	40	policy	policy	NOUN
ajfa-10871	257	41	.	.	PUNCT
ajfa-10871	258	1	in	in	ADP
ajfa-10871	258	2	this	this	DET
ajfa-10871	258	3	regard	regard	NOUN
ajfa-10871	258	4	,	,	PUNCT
ajfa-10871	258	5	portfolios	portfolio	NOUN
ajfa-10871	258	6	of	of	ADP
ajfa-10871	258	7	various	various	ADJ
ajfa-10871	258	8	investors	investor	NOUN
ajfa-10871	258	9	can	can	AUX
ajfa-10871	258	10	be	be	AUX
ajfa-10871	258	11	investigated	investigate	VERB
ajfa-10871	258	12	and	and	CCONJ
ajfa-10871	258	13	analyzed	analyze	VERB
ajfa-10871	258	14	in	in	ADP
ajfa-10871	258	15	terms	term	NOUN
ajfa-10871	258	16	of	of	ADP
ajfa-10871	258	17	their	their	PRON
ajfa-10871	258	18	demographic	demographic	ADJ
ajfa-10871	258	19	and	and	CCONJ
ajfa-10871	258	20	other	other	ADJ
ajfa-10871	258	21	behavioral	behavioral	ADJ
ajfa-10871	258	22	features	feature	NOUN
ajfa-10871	258	23	.	.	PUNCT
ajfa-10871	259	1	in	in	ADP
ajfa-10871	259	2	addition	addition	NOUN
ajfa-10871	259	3	,	,	PUNCT
ajfa-10871	259	4	research	research	NOUN
ajfa-10871	259	5	efforts	effort	NOUN
ajfa-10871	259	6	can	can	AUX
ajfa-10871	259	7	also	also	ADV
ajfa-10871	259	8	be	be	AUX
ajfa-10871	259	9	employed	employ	VERB
ajfa-10871	259	10	including	include	VERB
ajfa-10871	259	11	more	more	ADJ
ajfa-10871	259	12	variables	variable	NOUN
ajfa-10871	259	13	for	for	ADP
ajfa-10871	259	14	meticulous	meticulous	ADJ
ajfa-10871	259	15	understanding	understanding	NOUN
ajfa-10871	259	16	of	of	ADP
ajfa-10871	259	17	the	the	DET
ajfa-10871	259	18	determinants	determinant	NOUN
ajfa-10871	259	19	of	of	ADP
ajfa-10871	259	20	dividend	dividend	NOUN
ajfa-10871	259	21	policy	policy	NOUN
ajfa-10871	259	22	in	in	ADP
ajfa-10871	259	23	the	the	DET
ajfa-10871	259	24	industry	industry	NOUN
ajfa-10871	259	25	.	.	PUNCT
ajfa-10871	260	1	references	reference	NOUN
ajfa-10871	260	2	:	:	PUNCT
ajfa-10871	260	3	adedeji	adedeji	NOUN
ajfa-10871	260	4	,	,	PUNCT
ajfa-10871	260	5	a.	a.	NOUN
ajfa-10871	260	6	(	(	PUNCT
ajfa-10871	260	7	1998	1998	NUM
ajfa-10871	260	8	)	)	PUNCT
ajfa-10871	260	9	.	.	PUNCT
ajfa-10871	261	1	does	do	AUX
ajfa-10871	261	2	the	the	DET
ajfa-10871	261	3	pecking	pecking	NOUN
ajfa-10871	261	4	order	order	NOUN
ajfa-10871	261	5	hypothesis	hypothesis	NOUN
ajfa-10871	261	6	explain	explain	VERB
ajfa-10871	261	7	the	the	DET
ajfa-10871	261	8	dividend	dividend	NOUN
ajfa-10871	261	9	payout	payout	NOUN
ajfa-10871	261	10	ratios	ratio	NOUN
ajfa-10871	261	11	of	of	ADP
ajfa-10871	261	12	firms	firm	NOUN
ajfa-10871	261	13	in	in	ADP
ajfa-10871	261	14	the	the	DET
ajfa-10871	261	15	uk	uk	PROPN
ajfa-10871	261	16	?	?	PUNCT
ajfa-10871	261	17	.	.	PUNCT
ajfa-10871	262	1	journal	journal	PROPN
ajfa-10871	262	2	of	of	ADP
ajfa-10871	262	3	business	business	NOUN
ajfa-10871	262	4	finance	finance	PROPN
ajfa-10871	262	5	&	&	CCONJ
ajfa-10871	262	6	accounting	accounting	NOUN
ajfa-10871	262	7	,	,	PUNCT
ajfa-10871	262	8	25(9‐10	25(9‐10	NUM
ajfa-10871	262	9	)	)	PUNCT
ajfa-10871	262	10	,	,	PUNCT
ajfa-10871	262	11	1127	1127	NUM
ajfa-10871	262	12	-	-	SYM
ajfa-10871	262	13	1155	1155	NUM
ajfa-10871	262	14	.	.	PUNCT
ajfa-10871	263	1	https://doi.org/10.1111/1468-5957.00230	https://doi.org/10.1111/1468-5957.00230	PROPN
ajfa-10871	263	2	adesola	adesola	PROPN
ajfa-10871	263	3	,	,	PUNCT
ajfa-10871	263	4	w.	w.	PROPN
ajfa-10871	263	5	a.	a.	PROPN
ajfa-10871	263	6	,	,	PUNCT
ajfa-10871	263	7	&	&	CCONJ
ajfa-10871	263	8	okwong	okwong	PROPN
ajfa-10871	263	9	,	,	PUNCT
ajfa-10871	263	10	a.	a.	PROPN
ajfa-10871	263	11	e.	e.	PROPN
ajfa-10871	263	12	(	(	PUNCT
ajfa-10871	263	13	2009	2009	NUM
ajfa-10871	263	14	)	)	PUNCT
ajfa-10871	263	15	.	.	PUNCT
ajfa-10871	264	1	an	an	DET
ajfa-10871	264	2	empirical	empirical	ADJ
ajfa-10871	264	3	study	study	NOUN
ajfa-10871	264	4	of	of	ADP
ajfa-10871	264	5	dividend	dividend	NOUN
ajfa-10871	264	6	policy	policy	NOUN
ajfa-10871	264	7	of	of	ADP
ajfa-10871	264	8	quoted	quote	VERB
ajfa-10871	264	9	companies	company	NOUN
ajfa-10871	264	10	in	in	ADP
ajfa-10871	264	11	nigeria	nigeria	PROPN
ajfa-10871	264	12	.	.	PUNCT
ajfa-10871	265	1	global	global	ADJ
ajfa-10871	265	2	journal	journal	PROPN
ajfa-10871	265	3	of	of	ADP
ajfa-10871	265	4	social	social	ADJ
ajfa-10871	265	5	sciences	science	NOUN
ajfa-10871	265	6	,	,	PUNCT
ajfa-10871	265	7	8(1	8(1	NOUN
ajfa-10871	265	8	)	)	PUNCT
ajfa-10871	265	9	,	,	PUNCT
ajfa-10871	265	10	85	85	NUM
ajfa-10871	265	11	-	-	SYM
ajfa-10871	265	12	101	101	NUM
ajfa-10871	265	13	.	.	PUNCT
ajfa-10871	266	1	https://doi.org/10.4314/gjss.v8i1.48907	https://doi.org/10.4314/gjss.v8i1.48907	PROPN
ajfa-10871	266	2	agyei	agyei	PROPN
ajfa-10871	266	3	,	,	PUNCT
ajfa-10871	266	4	s.	s.	PROPN
ajfa-10871	266	5	k.	k.	PROPN
ajfa-10871	266	6	,	,	PUNCT
ajfa-10871	266	7	&	&	CCONJ
ajfa-10871	266	8	marfo	marfo	ADJ
ajfa-10871	266	9	-	-	PUNCT
ajfa-10871	266	10	yiadom	yiadom	NOUN
ajfa-10871	266	11	,	,	PUNCT
ajfa-10871	266	12	e.	e.	PROPN
ajfa-10871	266	13	(	(	PUNCT
ajfa-10871	266	14	2011	2011	NUM
ajfa-10871	266	15	)	)	PUNCT
ajfa-10871	266	16	.	.	PUNCT
ajfa-10871	267	1	dividend	dividend	NOUN
ajfa-10871	267	2	policy	policy	NOUN
ajfa-10871	267	3	and	and	CCONJ
ajfa-10871	267	4	bank	bank	NOUN
ajfa-10871	267	5	performance	performance	NOUN
ajfa-10871	267	6	in	in	ADP
ajfa-10871	267	7	ghana	ghana	PROPN
ajfa-10871	267	8	.	.	PUNCT
ajfa-10871	268	1	international	international	ADJ
ajfa-10871	268	2	journal	journal	PROPN
ajfa-10871	268	3	of	of	ADP
ajfa-10871	268	4	economics	economic	NOUN
ajfa-10871	268	5	and	and	CCONJ
ajfa-10871	268	6	finance	finance	NOUN
ajfa-10871	268	7	,	,	PUNCT
ajfa-10871	268	8	3(4	3(4	NUM
ajfa-10871	268	9	)	)	PUNCT
ajfa-10871	268	10	,	,	PUNCT
ajfa-10871	268	11	202	202	NUM
ajfa-10871	268	12	.	.	PUNCT
ajfa-10871	269	1	https://doi.org/10.5539/ijef.v3n4p202	https://doi.org/10.5539/ijef.v3n4p202	PROPN
ajfa-10871	269	2	agyemang	agyemang	PROPN
ajfa-10871	269	3	badu	badu	PROPN
ajfa-10871	269	4	,	,	PUNCT
ajfa-10871	269	5	e.	e.	PROPN
ajfa-10871	269	6	(	(	PUNCT
ajfa-10871	269	7	2013	2013	NUM
ajfa-10871	269	8	)	)	PUNCT
ajfa-10871	269	9	.	.	PUNCT
ajfa-10871	270	1	determinants	determinant	NOUN
ajfa-10871	270	2	of	of	ADP
ajfa-10871	270	3	dividend	dividend	NOUN
ajfa-10871	270	4	payout	payout	NOUN
ajfa-10871	270	5	policy	policy	NOUN
ajfa-10871	270	6	of	of	ADP
ajfa-10871	270	7	listed	list	VERB
ajfa-10871	270	8	financial	financial	ADJ
ajfa-10871	270	9	institutions	institution	NOUN
ajfa-10871	270	10	in	in	ADP
ajfa-10871	270	11	ghana	ghana	PROPN
ajfa-10871	270	12	.	.	PUNCT
ajfa-10871	271	1	research	research	NOUN
ajfa-10871	271	2	journal	journal	PROPN
ajfa-10871	271	3	of	of	ADP
ajfa-10871	271	4	finance	finance	NOUN
ajfa-10871	271	5	and	and	CCONJ
ajfa-10871	271	6	accounting	accounting	NOUN
ajfa-10871	271	7	,	,	PUNCT
ajfa-10871	271	8	4(7	4(7	NUM
ajfa-10871	271	9	)	)	PUNCT
ajfa-10871	271	10	.	.	PUNCT
ajfa-10871	272	1	aharony	aharony	PROPN
ajfa-10871	272	2	,	,	PUNCT
ajfa-10871	272	3	j.	j.	PROPN
ajfa-10871	272	4	,	,	PUNCT
ajfa-10871	272	5	&	&	CCONJ
ajfa-10871	272	6	swary	swary	ADJ
ajfa-10871	272	7	,	,	PUNCT
ajfa-10871	272	8	i.	i.	NOUN
ajfa-10871	272	9	(	(	PUNCT
ajfa-10871	272	10	1980	1980	NUM
ajfa-10871	272	11	)	)	PUNCT
ajfa-10871	272	12	.	.	PUNCT
ajfa-10871	273	1	quarterly	quarterly	ADJ
ajfa-10871	273	2	dividend	dividend	NOUN
ajfa-10871	273	3	and	and	CCONJ
ajfa-10871	273	4	earnings	earning	NOUN
ajfa-10871	273	5	announcements	announcement	NOUN
ajfa-10871	273	6	and	and	CCONJ
ajfa-10871	273	7	stockholders	stockholder	NOUN
ajfa-10871	273	8	'	'	PART
ajfa-10871	273	9	returns	return	NOUN
ajfa-10871	273	10	:	:	PUNCT
ajfa-10871	273	11	an	an	DET
ajfa-10871	273	12	empirical	empirical	ADJ
ajfa-10871	273	13	analysis	analysis	NOUN
ajfa-10871	273	14	.	.	PUNCT
ajfa-10871	274	1	the	the	DET
ajfa-10871	274	2	journal	journal	NOUN
ajfa-10871	274	3	of	of	ADP
ajfa-10871	274	4	finance	finance	NOUN
ajfa-10871	274	5	,	,	PUNCT
ajfa-10871	274	6	35(1	35(1	NUM
ajfa-10871	274	7	)	)	PUNCT
ajfa-10871	274	8	,	,	PUNCT
ajfa-10871	274	9	1	1	NUM
ajfa-10871	274	10	-	-	SYM
ajfa-10871	274	11	12	12	NUM
ajfa-10871	274	12	.	.	PUNCT
ajfa-10871	275	1	https://doi.org/10.1111/j.1540-6261.1980.tb03466.x	https://doi.org/10.1111/j.1540-6261.1980.tb03466.x	PROPN
ajfa-10871	275	2	ahmed	ahmed	PROPN
ajfa-10871	275	3	,	,	PUNCT
ajfa-10871	275	4	h.	h.	PROPN
ajfa-10871	275	5	,	,	PUNCT
ajfa-10871	275	6	&	&	CCONJ
ajfa-10871	275	7	javid	javid	PROPN
ajfa-10871	275	8	,	,	PUNCT
ajfa-10871	275	9	a.	a.	PROPN
ajfa-10871	275	10	y.	y.	PROPN
ajfa-10871	275	11	(	(	PUNCT
ajfa-10871	275	12	2008	2008	NUM
ajfa-10871	275	13	)	)	PUNCT
ajfa-10871	275	14	.	.	PUNCT
ajfa-10871	276	1	dynamics	dynamic	NOUN
ajfa-10871	276	2	and	and	CCONJ
ajfa-10871	276	3	determinants	determinant	NOUN
ajfa-10871	276	4	of	of	ADP
ajfa-10871	276	5	dividend	dividend	NOUN
ajfa-10871	276	6	policy	policy	NOUN
ajfa-10871	276	7	in	in	ADP
ajfa-10871	276	8	pakistan	pakistan	PROPN
ajfa-10871	276	9	(	(	PUNCT
ajfa-10871	276	10	evidence	evidence	NOUN
ajfa-10871	276	11	from	from	ADP
ajfa-10871	276	12	karachi	karachi	PROPN
ajfa-10871	276	13	stock	stock	PROPN
ajfa-10871	276	14	exchange	exchange	PROPN
ajfa-10871	276	15	non	non	ADJ
ajfa-10871	276	16	-	-	ADJ
ajfa-10871	276	17	financial	financial	ADJ
ajfa-10871	276	18	listed	list	VERB
ajfa-10871	276	19	firms	firm	NOUN
ajfa-10871	276	20	)	)	PUNCT
ajfa-10871	276	21	.	.	PUNCT
ajfa-10871	277	1	international	international	ADJ
ajfa-10871	277	2	research	research	PROPN
ajfa-10871	277	3	journal	journal	NOUN
ajfa-10871	277	4	of	of	ADP
ajfa-10871	277	5	finance	finance	NOUN
ajfa-10871	277	6	and	and	CCONJ
ajfa-10871	277	7	economics	economic	NOUN
ajfa-10871	277	8	issue	issue	NOUN
ajfa-10871	277	9	,	,	PUNCT
ajfa-10871	277	10	25	25	NUM
ajfa-10871	277	11	,	,	PUNCT
ajfa-10871	277	12	148	148	NUM
ajfa-10871	277	13	-	-	SYM
ajfa-10871	277	14	171	171	NUM
ajfa-10871	277	15	.	.	PUNCT
ajfa-10871	278	1	aivazian	aivazian	ADJ
ajfa-10871	278	2	,	,	PUNCT
ajfa-10871	278	3	v.	v.	PROPN
ajfa-10871	278	4	,	,	PUNCT
ajfa-10871	278	5	booth	booth	NOUN
ajfa-10871	278	6	,	,	PUNCT
ajfa-10871	278	7	l.	l.	PROPN
ajfa-10871	278	8	,	,	PUNCT
ajfa-10871	278	9	&	&	CCONJ
ajfa-10871	278	10	cleary	cleary	PROPN
ajfa-10871	278	11	,	,	PUNCT
ajfa-10871	278	12	s.	s.	PROPN
ajfa-10871	278	13	(	(	PUNCT
ajfa-10871	278	14	2003	2003	NUM
ajfa-10871	278	15	)	)	PUNCT
ajfa-10871	278	16	.	.	PUNCT
ajfa-10871	279	1	do	do	AUX
ajfa-10871	279	2	emerging	emerge	VERB
ajfa-10871	279	3	market	market	NOUN
ajfa-10871	279	4	firms	firm	NOUN
ajfa-10871	279	5	follow	follow	VERB
ajfa-10871	279	6	different	different	ADJ
ajfa-10871	279	7	dividend	dividend	NOUN
ajfa-10871	279	8	policies	policy	NOUN
ajfa-10871	279	9	from	from	ADP
ajfa-10871	279	10	us	us	PROPN
ajfa-10871	279	11	firms	firm	NOUN
ajfa-10871	279	12	?	?	PUNCT
ajfa-10871	279	13	.	.	PUNCT
ajfa-10871	280	1	journal	journal	PROPN
ajfa-10871	280	2	of	of	ADP
ajfa-10871	280	3	financial	financial	ADJ
ajfa-10871	280	4	research	research	NOUN
ajfa-10871	280	5	,	,	PUNCT
ajfa-10871	280	6	26(3	26(3	NUM
ajfa-10871	280	7	)	)	PUNCT
ajfa-10871	280	8	,	,	PUNCT
ajfa-10871	280	9	371	371	NUM
ajfa-10871	280	10	-	-	SYM
ajfa-10871	280	11	387	387	NUM
ajfa-10871	280	12	.	.	PUNCT
ajfa-10871	281	1	https://doi.org/10.1111/1475-6803.00064	https://doi.org/10.1111/1475-6803.00064	NOUN
ajfa-10871	281	2	akhigbe	akhigbe	NOUN
ajfa-10871	281	3	,	,	PUNCT
ajfa-10871	281	4	a.	a.	PROPN
ajfa-10871	281	5	&	&	CCONJ
ajfa-10871	281	6	madura	madura	PROPN
ajfa-10871	281	7	,	,	PUNCT
ajfa-10871	281	8	j.	j.	PROPN
ajfa-10871	281	9	(	(	PUNCT
ajfa-10871	281	10	1996	1996	NUM
ajfa-10871	281	11	)	)	PUNCT
ajfa-10871	281	12	.	.	PUNCT
ajfa-10871	282	1	dividend	dividend	NOUN
ajfa-10871	282	2	policy	policy	NOUN
ajfa-10871	282	3	and	and	CCONJ
ajfa-10871	282	4	corporate	corporate	ADJ
ajfa-10871	282	5	performance	performance	NOUN
ajfa-10871	282	6	,	,	PUNCT
ajfa-10871	282	7	journal	journal	NOUN
ajfa-10871	282	8	of	of	ADP
ajfa-10871	282	9	business	business	NOUN
ajfa-10871	282	10	finance	finance	PROPN
ajfa-10871	282	11	&	&	CCONJ
ajfa-10871	282	12	accounting	accounting	PROPN
ajfa-10871	282	13	,	,	PUNCT
ajfa-10871	282	14	23	23	NUM
ajfa-10871	282	15	(	(	PUNCT
ajfa-10871	282	16	9	9	NUM
ajfa-10871	282	17	-	-	SYM
ajfa-10871	282	18	10	10	NUM
ajfa-10871	282	19	)	)	PUNCT
ajfa-10871	282	20	,	,	PUNCT
ajfa-10871	282	21	1267	1267	NUM
ajfa-10871	282	22	-1287	-1287	PROPN
ajfa-10871	282	23	.	.	PUNCT
ajfa-10871	283	1	https://doi.org/10.1111/1468-5957.00079	https://doi.org/10.1111/1468-5957.00079	PROPN
ajfa-10871	283	2	alam	alam	PROPN
ajfa-10871	283	3	,	,	PUNCT
ajfa-10871	283	4	m.	m.	NOUN
ajfa-10871	283	5	z.	z.	PROPN
ajfa-10871	283	6	,	,	PUNCT
ajfa-10871	283	7	&	&	CCONJ
ajfa-10871	283	8	hossain	hossain	PROPN
ajfa-10871	283	9	,	,	PUNCT
ajfa-10871	283	10	m.	m.	PROPN
ajfa-10871	283	11	e.	e.	PROPN
ajfa-10871	283	12	(	(	PUNCT
ajfa-10871	283	13	2012	2012	NUM
ajfa-10871	283	14	)	)	PUNCT
ajfa-10871	283	15	.	.	PUNCT
ajfa-10871	284	1	dividend	dividend	NOUN
ajfa-10871	284	2	policy	policy	NOUN
ajfa-10871	284	3	:	:	PUNCT
ajfa-10871	284	4	a	a	DET
ajfa-10871	284	5	comparative	comparative	ADJ
ajfa-10871	284	6	study	study	NOUN
ajfa-10871	284	7	of	of	ADP
ajfa-10871	284	8	uk	uk	PROPN
ajfa-10871	284	9	and	and	CCONJ
ajfa-10871	284	10	bangladesh	bangladesh	NOUN
ajfa-10871	284	11	based	base	VERB
ajfa-10871	284	12	companies	company	NOUN
ajfa-10871	284	13	.	.	PUNCT
ajfa-10871	285	1	iosr	iosr	ADJ
ajfa-10871	285	2	journal	journal	PROPN
ajfa-10871	285	3	of	of	ADP
ajfa-10871	285	4	business	business	NOUN
ajfa-10871	285	5	and	and	CCONJ
ajfa-10871	285	6	management	management	NOUN
ajfa-10871	285	7	,	,	PUNCT
ajfa-10871	285	8	1(1	1(1	NUM
ajfa-10871	285	9	)	)	PUNCT
ajfa-10871	285	10	,	,	PUNCT
ajfa-10871	285	11	57	57	NUM
ajfa-10871	285	12	-	-	SYM
ajfa-10871	285	13	67	67	NUM
ajfa-10871	285	14	.	.	PUNCT
ajfa-10871	286	1	https://doi.org/10.9790/487x-0115767	https://doi.org/10.9790/487x-0115767	PROPN
ajfa-10871	286	2	al	al	PROPN
ajfa-10871	286	3	-	-	PUNCT
ajfa-10871	286	4	deehani	deehani	ADJ
ajfa-10871	286	5	,	,	PUNCT
ajfa-10871	286	6	t.	t.	NOUN
ajfa-10871	286	7	m.	m.	NOUN
ajfa-10871	286	8	(	(	PUNCT
ajfa-10871	286	9	2003	2003	NUM
ajfa-10871	286	10	)	)	PUNCT
ajfa-10871	286	11	.	.	PUNCT
ajfa-10871	287	1	determinants	determinant	NOUN
ajfa-10871	287	2	of	of	ADP
ajfa-10871	287	3	dividend	dividend	NOUN
ajfa-10871	287	4	policy	policy	NOUN
ajfa-10871	287	5	:	:	PUNCT
ajfa-10871	287	6	the	the	DET
ajfa-10871	287	7	case	case	NOUN
ajfa-10871	287	8	of	of	ADP
ajfa-10871	287	9	kuwait	kuwait	PROPN
ajfa-10871	287	10	.	.	PUNCT
ajfa-10871	288	1	journal	journal	PROPN
ajfa-10871	288	2	of	of	ADP
ajfa-10871	288	3	economic	economic	ADJ
ajfa-10871	288	4	and	and	CCONJ
ajfa-10871	288	5	administrative	administrative	ADJ
ajfa-10871	288	6	sciences	science	NOUN
ajfa-10871	288	7	,	,	PUNCT
ajfa-10871	288	8	19(2	19(2	NUM
ajfa-10871	288	9	)	)	PUNCT
ajfa-10871	288	10	,	,	PUNCT
ajfa-10871	288	11	59	59	NUM
ajfa-10871	288	12	-	-	SYM
ajfa-10871	288	13	76	76	NUM
ajfa-10871	288	14	.	.	PUNCT
ajfa-10871	289	1	https://doi.org/10.1108/10264116200300006	https://doi.org/10.1108/10264116200300006	NUM
ajfa-10871	289	2	al	al	PROPN
ajfa-10871	289	3	-	-	PUNCT
ajfa-10871	289	4	kuwari	kuwari	PROPN
ajfa-10871	289	5	,	,	PUNCT
ajfa-10871	289	6	d.	d.	PROPN
ajfa-10871	289	7	(	(	PUNCT
ajfa-10871	289	8	2009	2009	NUM
ajfa-10871	289	9	)	)	PUNCT
ajfa-10871	289	10	,	,	PUNCT
ajfa-10871	289	11	determinants	determinant	NOUN
ajfa-10871	289	12	of	of	ADP
ajfa-10871	289	13	the	the	DET
ajfa-10871	289	14	dividend	dividend	NOUN
ajfa-10871	289	15	payout	payout	NOUN
ajfa-10871	289	16	ratio	ratio	NOUN
ajfa-10871	289	17	of	of	ADP
ajfa-10871	289	18	companies	company	NOUN
ajfa-10871	289	19	listed	list	VERB
ajfa-10871	289	20	on	on	ADP
ajfa-10871	289	21	emerging	emerge	VERB
ajfa-10871	289	22	stock	stock	NOUN
ajfa-10871	289	23	exchanges	exchange	NOUN
ajfa-10871	289	24	:	:	PUNCT
ajfa-10871	289	25	the	the	DET
ajfa-10871	289	26	case	case	NOUN
ajfa-10871	289	27	of	of	ADP
ajfa-10871	289	28	the	the	DET
ajfa-10871	289	29	gulf	gulf	PROPN
ajfa-10871	289	30	cooperation	cooperation	PROPN
ajfa-10871	289	31	council	council	PROPN
ajfa-10871	289	32	(	(	PUNCT
ajfa-10871	289	33	gcc	gcc	NOUN
ajfa-10871	289	34	)	)	PUNCT
ajfa-10871	289	35	countries	country	NOUN
ajfa-10871	289	36	.	.	PUNCT
ajfa-10871	290	1	global	global	ADJ
ajfa-10871	290	2	economy	economy	PROPN
ajfa-10871	290	3	&	&	CCONJ
ajfa-10871	290	4	finance	finance	PROPN
ajfa-10871	290	5	journal	journal	PROPN
ajfa-10871	290	6	,	,	PUNCT
ajfa-10871	290	7	2(2	2(2	NUM
ajfa-10871	290	8	)	)	PUNCT
ajfa-10871	290	9	,	,	PUNCT
ajfa-10871	290	10	38	38	NUM
ajfa-10871	290	11	-	-	SYM
ajfa-10871	290	12	63	63	NUM
ajfa-10871	290	13	.	.	PUNCT
ajfa-10871	291	1	asian	asian	ADJ
ajfa-10871	291	2	journal	journal	PROPN
ajfa-10871	291	3	of	of	ADP
ajfa-10871	291	4	finance	finance	PROPN
ajfa-10871	291	5	&	&	CCONJ
ajfa-10871	291	6	accounting	accounting	PROPN
ajfa-10871	291	7	issn	issn	PROPN
ajfa-10871	291	8	1946	1946	NUM
ajfa-10871	291	9	-	-	PUNCT
ajfa-10871	291	10	052x	052x	PROPN
ajfa-10871	291	11	2017	2017	NUM
ajfa-10871	291	12	,	,	PUNCT
ajfa-10871	291	13	vol	vol	NOUN
ajfa-10871	291	14	.	.	NOUN
ajfa-10871	291	15	9	9	NUM
ajfa-10871	291	16	,	,	PUNCT
ajfa-10871	291	17	no	no	INTJ
ajfa-10871	291	18	.	.	NOUN
ajfa-10871	291	19	1	1	NUM
ajfa-10871	291	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	291	21	185	185	NUM
ajfa-10871	291	22	al	al	PROPN
ajfa-10871	291	23	-	-	PUNCT
ajfa-10871	291	24	malkawi	malkawi	PROPN
ajfa-10871	291	25	,	,	PUNCT
ajfa-10871	291	26	h.	h.	PROPN
ajfa-10871	291	27	a.	a.	PROPN
ajfa-10871	291	28	n.	n.	PROPN
ajfa-10871	291	29	,	,	PUNCT
ajfa-10871	291	30	rafferty	rafferty	PROPN
ajfa-10871	291	31	,	,	PUNCT
ajfa-10871	291	32	m.	m.	NOUN
ajfa-10871	291	33	,	,	PUNCT
ajfa-10871	291	34	&	&	CCONJ
ajfa-10871	291	35	pillai	pillai	PROPN
ajfa-10871	291	36	,	,	PUNCT
ajfa-10871	291	37	r.	r.	PROPN
ajfa-10871	291	38	(	(	PUNCT
ajfa-10871	291	39	2010	2010	NUM
ajfa-10871	291	40	)	)	PUNCT
ajfa-10871	291	41	.	.	PUNCT
ajfa-10871	292	1	dividend	dividend	NOUN
ajfa-10871	292	2	policy	policy	NOUN
ajfa-10871	292	3	:	:	PUNCT
ajfa-10871	292	4	a	a	DET
ajfa-10871	292	5	review	review	NOUN
ajfa-10871	292	6	of	of	ADP
ajfa-10871	292	7	theories	theory	NOUN
ajfa-10871	292	8	and	and	CCONJ
ajfa-10871	292	9	empirical	empirical	ADJ
ajfa-10871	292	10	evidence	evidence	NOUN
ajfa-10871	292	11	.	.	PUNCT
ajfa-10871	293	1	international	international	ADJ
ajfa-10871	293	2	bulletin	bulletin	NOUN
ajfa-10871	293	3	of	of	ADP
ajfa-10871	293	4	business	business	NOUN
ajfa-10871	293	5	administration	administration	NOUN
ajfa-10871	293	6	,	,	PUNCT
ajfa-10871	293	7	9(1	9(1	NUM
ajfa-10871	293	8	)	)	PUNCT
ajfa-10871	293	9	,	,	PUNCT
ajfa-10871	293	10	171	171	NUM
ajfa-10871	293	11	-	-	SYM
ajfa-10871	293	12	200	200	NUM
ajfa-10871	293	13	.	.	PUNCT
ajfa-10871	294	1	al	al	PROPN
ajfa-10871	294	2	-	-	PUNCT
ajfa-10871	294	3	najjar	najjar	PROPN
ajfa-10871	294	4	,	,	PUNCT
ajfa-10871	294	5	b.	b.	PROPN
ajfa-10871	294	6	,	,	PUNCT
ajfa-10871	294	7	&	&	CCONJ
ajfa-10871	294	8	hussainey	hussainey	PROPN
ajfa-10871	294	9	,	,	PUNCT
ajfa-10871	294	10	k.	k.	PROPN
ajfa-10871	294	11	(	(	PUNCT
ajfa-10871	294	12	2009	2009	NUM
ajfa-10871	294	13	)	)	PUNCT
ajfa-10871	294	14	.	.	PUNCT
ajfa-10871	295	1	the	the	DET
ajfa-10871	295	2	association	association	NOUN
ajfa-10871	295	3	between	between	ADP
ajfa-10871	295	4	dividend	dividend	NOUN
ajfa-10871	295	5	payout	payout	NOUN
ajfa-10871	295	6	and	and	CCONJ
ajfa-10871	295	7	outside	outside	ADJ
ajfa-10871	295	8	directorships	directorship	NOUN
ajfa-10871	295	9	.	.	PUNCT
ajfa-10871	296	1	journal	journal	NOUN
ajfa-10871	296	2	of	of	ADP
ajfa-10871	296	3	applied	apply	VERB
ajfa-10871	296	4	accounting	accounting	NOUN
ajfa-10871	296	5	research	research	NOUN
ajfa-10871	296	6	,	,	PUNCT
ajfa-10871	296	7	10(1	10(1	NUM
ajfa-10871	296	8	)	)	PUNCT
ajfa-10871	296	9	,	,	PUNCT
ajfa-10871	296	10	4	4	NUM
ajfa-10871	296	11	-	-	SYM
ajfa-10871	296	12	19	19	NUM
ajfa-10871	296	13	.	.	PUNCT
ajfa-10871	296	14	https://doi.org/10.1108/09675420910963360	https://doi.org/10.1108/09675420910963360	PROPN
ajfa-10871	296	15	al	al	PROPN
ajfa-10871	296	16	-	-	PUNCT
ajfa-10871	296	17	shubiri	shubiri	PROPN
ajfa-10871	296	18	,	,	PUNCT
ajfa-10871	296	19	f.	f.	PROPN
ajfa-10871	296	20	n.	n.	PROPN
ajfa-10871	296	21	(	(	PUNCT
ajfa-10871	296	22	2011	2011	NUM
ajfa-10871	296	23	)	)	PUNCT
ajfa-10871	296	24	.	.	PUNCT
ajfa-10871	297	1	determinants	determinant	NOUN
ajfa-10871	297	2	of	of	ADP
ajfa-10871	297	3	changes	change	NOUN
ajfa-10871	297	4	dividend	dividend	NOUN
ajfa-10871	297	5	behavior	behavior	NOUN
ajfa-10871	297	6	policy	policy	NOUN
ajfa-10871	297	7	:	:	PUNCT
ajfa-10871	297	8	evidence	evidence	NOUN
ajfa-10871	297	9	from	from	ADP
ajfa-10871	297	10	the	the	DET
ajfa-10871	297	11	amman	amman	PROPN
ajfa-10871	297	12	stock	stock	PROPN
ajfa-10871	297	13	exchange	exchange	PROPN
ajfa-10871	297	14	.	.	PUNCT
ajfa-10871	298	1	far	far	PROPN
ajfa-10871	298	2	east	east	PROPN
ajfa-10871	298	3	journal	journal	PROPN
ajfa-10871	298	4	of	of	ADP
ajfa-10871	298	5	psychology	psychology	NOUN
ajfa-10871	298	6	and	and	CCONJ
ajfa-10871	298	7	business	business	NOUN
ajfa-10871	298	8	,	,	PUNCT
ajfa-10871	298	9	4(1	4(1	NOUN
ajfa-10871	298	10	)	)	PUNCT
ajfa-10871	298	11	,	,	PUNCT
ajfa-10871	298	12	1	1	NUM
ajfa-10871	298	13	-	-	SYM
ajfa-10871	298	14	15	15	NUM
ajfa-10871	298	15	.	.	PUNCT
ajfa-10871	299	1	al	al	PROPN
ajfa-10871	299	2	-	-	PUNCT
ajfa-10871	299	3	twaijry	twaijry	PROPN
ajfa-10871	299	4	,	,	PUNCT
ajfa-10871	299	5	a.	a.	NOUN
ajfa-10871	299	6	a.	a.	NOUN
ajfa-10871	299	7	(	(	PUNCT
ajfa-10871	299	8	2007	2007	NUM
ajfa-10871	299	9	)	)	PUNCT
ajfa-10871	299	10	.	.	PUNCT
ajfa-10871	300	1	dividend	dividend	NOUN
ajfa-10871	300	2	policy	policy	NOUN
ajfa-10871	300	3	and	and	CCONJ
ajfa-10871	300	4	payout	payout	NOUN
ajfa-10871	300	5	ratio	ratio	NOUN
ajfa-10871	300	6	:	:	PUNCT
ajfa-10871	300	7	evidence	evidence	NOUN
ajfa-10871	300	8	from	from	ADP
ajfa-10871	300	9	the	the	DET
ajfa-10871	300	10	kuala	kuala	PROPN
ajfa-10871	300	11	lumpur	lumpur	PROPN
ajfa-10871	300	12	stock	stock	PROPN
ajfa-10871	300	13	exchange	exchange	PROPN
ajfa-10871	300	14	.	.	PUNCT
ajfa-10871	301	1	the	the	DET
ajfa-10871	301	2	journal	journal	NOUN
ajfa-10871	301	3	of	of	ADP
ajfa-10871	301	4	risk	risk	NOUN
ajfa-10871	301	5	finance	finance	NOUN
ajfa-10871	301	6	,	,	PUNCT
ajfa-10871	301	7	8(4	8(4	NUM
ajfa-10871	301	8	)	)	PUNCT
ajfa-10871	301	9	,	,	PUNCT
ajfa-10871	301	10	349	349	NUM
ajfa-10871	301	11	-	-	SYM
ajfa-10871	301	12	363	363	NUM
ajfa-10871	301	13	.	.	PUNCT
ajfa-10871	301	14	https://doi.org/10.1108/15265940710777306	https://doi.org/10.1108/15265940710777306	PROPN
ajfa-10871	302	1	alli	alli	PROPN
ajfa-10871	302	2	,	,	PUNCT
ajfa-10871	302	3	k.	k.	PROPN
ajfa-10871	302	4	l.	l.	PROPN
ajfa-10871	302	5	,	,	PUNCT
ajfa-10871	302	6	khan	khan	PROPN
ajfa-10871	302	7	,	,	PUNCT
ajfa-10871	302	8	a.	a.	NOUN
ajfa-10871	302	9	q.	q.	PROPN
ajfa-10871	302	10	,	,	PUNCT
ajfa-10871	302	11	&	&	CCONJ
ajfa-10871	302	12	ramirez	ramirez	PROPN
ajfa-10871	302	13	,	,	PUNCT
ajfa-10871	302	14	g.	g.	PROPN
ajfa-10871	302	15	g.	g.	PROPN
ajfa-10871	302	16	(	(	PUNCT
ajfa-10871	302	17	1993	1993	NUM
ajfa-10871	302	18	)	)	PUNCT
ajfa-10871	302	19	.	.	PUNCT
ajfa-10871	303	1	determinants	determinant	NOUN
ajfa-10871	303	2	of	of	ADP
ajfa-10871	303	3	corporate	corporate	ADJ
ajfa-10871	303	4	dividend	dividend	NOUN
ajfa-10871	303	5	policy	policy	NOUN
ajfa-10871	303	6	:	:	PUNCT
ajfa-10871	303	7	a	a	DET
ajfa-10871	303	8	factorial	factorial	ADJ
ajfa-10871	303	9	analysis	analysis	NOUN
ajfa-10871	303	10	.	.	PUNCT
ajfa-10871	304	1	financial	financial	ADJ
ajfa-10871	304	2	review	review	PROPN
ajfa-10871	304	3	,	,	PUNCT
ajfa-10871	304	4	28(4	28(4	NUM
ajfa-10871	304	5	)	)	PUNCT
ajfa-10871	304	6	,	,	PUNCT
ajfa-10871	304	7	523	523	NUM
ajfa-10871	304	8	-	-	SYM
ajfa-10871	304	9	547	547	NUM
ajfa-10871	304	10	.	.	PUNCT
ajfa-10871	305	1	https://doi.org/10.1111/j.1540-6288.1993.tb01361.x	https://doi.org/10.1111/j.1540-6288.1993.tb01361.x	PROPN
ajfa-10871	305	2	almazan	almazan	PROPN
ajfa-10871	305	3	,	,	PUNCT
ajfa-10871	305	4	a.	a.	PROPN
ajfa-10871	305	5	,	,	PUNCT
ajfa-10871	305	6	de	de	X
ajfa-10871	305	7	motta	motta	PROPN
ajfa-10871	305	8	,	,	PUNCT
ajfa-10871	305	9	a.	a.	PROPN
ajfa-10871	305	10	,	,	PUNCT
ajfa-10871	305	11	titman	titman	NOUN
ajfa-10871	305	12	,	,	PUNCT
ajfa-10871	305	13	s.	s.	PROPN
ajfa-10871	305	14	,	,	PUNCT
ajfa-10871	305	15	&	&	CCONJ
ajfa-10871	305	16	uysal	uysal	PROPN
ajfa-10871	305	17	,	,	PUNCT
ajfa-10871	305	18	v.	v.	PROPN
ajfa-10871	305	19	(	(	PUNCT
ajfa-10871	305	20	2010	2010	NUM
ajfa-10871	305	21	)	)	PUNCT
ajfa-10871	305	22	.	.	PUNCT
ajfa-10871	306	1	financial	financial	ADJ
ajfa-10871	306	2	structure	structure	NOUN
ajfa-10871	306	3	,	,	PUNCT
ajfa-10871	306	4	acquisition	acquisition	NOUN
ajfa-10871	306	5	opportunities	opportunity	NOUN
ajfa-10871	306	6	,	,	PUNCT
ajfa-10871	306	7	and	and	CCONJ
ajfa-10871	306	8	firm	firm	ADJ
ajfa-10871	306	9	locations	location	NOUN
ajfa-10871	306	10	.	.	PUNCT
ajfa-10871	307	1	the	the	DET
ajfa-10871	307	2	journal	journal	NOUN
ajfa-10871	307	3	of	of	ADP
ajfa-10871	307	4	finance	finance	NOUN
ajfa-10871	307	5	,	,	PUNCT
ajfa-10871	307	6	65(2	65(2	NOUN
ajfa-10871	307	7	)	)	PUNCT
ajfa-10871	307	8	,	,	PUNCT
ajfa-10871	307	9	529	529	NUM
ajfa-10871	307	10	-	-	SYM
ajfa-10871	307	11	563	563	NUM
ajfa-10871	307	12	.	.	PUNCT
ajfa-10871	308	1	https://doi.org/10.1111/j.1540-6261.2009.01543.x	https://doi.org/10.1111/j.1540-6261.2009.01543.x	NOUN
ajfa-10871	308	2	amidu	amidu	ADJ
ajfa-10871	308	3	,	,	PUNCT
ajfa-10871	308	4	m.	m.	NOUN
ajfa-10871	308	5	,	,	PUNCT
ajfa-10871	308	6	&	&	CCONJ
ajfa-10871	308	7	abor	abor	PROPN
ajfa-10871	308	8	,	,	PUNCT
ajfa-10871	308	9	j.	j.	PROPN
ajfa-10871	308	10	(	(	PUNCT
ajfa-10871	308	11	2006	2006	NUM
ajfa-10871	308	12	)	)	PUNCT
ajfa-10871	308	13	.	.	PUNCT
ajfa-10871	309	1	determinants	determinant	NOUN
ajfa-10871	309	2	of	of	ADP
ajfa-10871	309	3	dividend	dividend	NOUN
ajfa-10871	309	4	payout	payout	NOUN
ajfa-10871	309	5	ratios	ratio	NOUN
ajfa-10871	309	6	in	in	ADP
ajfa-10871	309	7	ghana	ghana	PROPN
ajfa-10871	309	8	.	.	PUNCT
ajfa-10871	310	1	the	the	DET
ajfa-10871	310	2	journal	journal	NOUN
ajfa-10871	310	3	of	of	ADP
ajfa-10871	310	4	risk	risk	NOUN
ajfa-10871	310	5	finance	finance	NOUN
ajfa-10871	310	6	,	,	PUNCT
ajfa-10871	310	7	7(2	7(2	NUM
ajfa-10871	310	8	)	)	PUNCT
ajfa-10871	310	9	,	,	PUNCT
ajfa-10871	310	10	136	136	NUM
ajfa-10871	310	11	-	-	SYM
ajfa-10871	310	12	145	145	NUM
ajfa-10871	310	13	.	.	PUNCT
ajfa-10871	311	1	https://doi.org/10.1108/15265940610648580	https://doi.org/10.1108/15265940610648580	PROPN
ajfa-10871	311	2	amidu	amidu	ADV
ajfa-10871	311	3	,	,	PUNCT
ajfa-10871	311	4	m.	m.	NOUN
ajfa-10871	311	5	(	(	PUNCT
ajfa-10871	311	6	2007	2007	NUM
ajfa-10871	311	7	)	)	PUNCT
ajfa-10871	311	8	.	.	PUNCT
ajfa-10871	312	1	how	how	SCONJ
ajfa-10871	312	2	does	do	AUX
ajfa-10871	312	3	dividend	dividend	NOUN
ajfa-10871	312	4	policy	policy	NOUN
ajfa-10871	312	5	affect	affect	VERB
ajfa-10871	312	6	performance	performance	NOUN
ajfa-10871	312	7	of	of	ADP
ajfa-10871	312	8	the	the	DET
ajfa-10871	312	9	firm	firm	NOUN
ajfa-10871	312	10	on	on	ADP
ajfa-10871	312	11	ghana	ghana	PROPN
ajfa-10871	312	12	stock	stock	PROPN
ajfa-10871	312	13	exchange	exchange	PROPN
ajfa-10871	312	14	?	?	PUNCT
ajfa-10871	312	15	.	.	PUNCT
ajfa-10871	313	1	investment	investment	NOUN
ajfa-10871	313	2	management	management	PROPN
ajfa-10871	313	3	&	&	CCONJ
ajfa-10871	313	4	financial	financial	ADJ
ajfa-10871	313	5	innovations	innovation	NOUN
ajfa-10871	313	6	,	,	PUNCT
ajfa-10871	313	7	4(2	4(2	NUM
ajfa-10871	313	8	)	)	PUNCT
ajfa-10871	313	9	,	,	PUNCT
ajfa-10871	313	10	104	104	NUM
ajfa-10871	313	11	–	–	SYM
ajfa-10871	313	12	112	112	NUM
ajfa-10871	313	13	.	.	PUNCT
ajfa-10871	314	1	anil	anil	PROPN
ajfa-10871	314	2	,	,	PUNCT
ajfa-10871	314	3	k.	k.	PROPN
ajfa-10871	314	4	,	,	PUNCT
ajfa-10871	314	5	&	&	CCONJ
ajfa-10871	314	6	kapoor	kapoor	PROPN
ajfa-10871	314	7	,	,	PUNCT
ajfa-10871	314	8	s.	s.	PROPN
ajfa-10871	314	9	(	(	PUNCT
ajfa-10871	314	10	2008	2008	NUM
ajfa-10871	314	11	)	)	PUNCT
ajfa-10871	314	12	.	.	PUNCT
ajfa-10871	315	1	determinants	determinant	NOUN
ajfa-10871	315	2	of	of	ADP
ajfa-10871	315	3	dividend	dividend	NOUN
ajfa-10871	315	4	payout	payout	NOUN
ajfa-10871	315	5	ratios	ratio	NOUN
ajfa-10871	315	6	-	-	PUNCT
ajfa-10871	315	7	a	a	DET
ajfa-10871	315	8	study	study	NOUN
ajfa-10871	315	9	of	of	ADP
ajfa-10871	315	10	indian	indian	ADJ
ajfa-10871	315	11	information	information	NOUN
ajfa-10871	315	12	technology	technology	NOUN
ajfa-10871	315	13	sector	sector	NOUN
ajfa-10871	315	14	.	.	PUNCT
ajfa-10871	316	1	international	international	ADJ
ajfa-10871	316	2	research	research	PROPN
ajfa-10871	316	3	journal	journal	NOUN
ajfa-10871	316	4	of	of	ADP
ajfa-10871	316	5	finance	finance	NOUN
ajfa-10871	316	6	and	and	CCONJ
ajfa-10871	316	7	economics	economic	NOUN
ajfa-10871	316	8	,	,	PUNCT
ajfa-10871	316	9	15(1	15(1	NUM
ajfa-10871	316	10	)	)	PUNCT
ajfa-10871	316	11	,	,	PUNCT
ajfa-10871	316	12	63	63	NUM
ajfa-10871	316	13	-	-	SYM
ajfa-10871	316	14	71	71	NUM
ajfa-10871	316	15	.	.	PUNCT
ajfa-10871	317	1	anand	anand	PROPN
ajfa-10871	317	2	,	,	PUNCT
ajfa-10871	317	3	m.	m.	NOUN
ajfa-10871	317	4	(	(	PUNCT
ajfa-10871	317	5	2004	2004	NUM
ajfa-10871	317	6	)	)	PUNCT
ajfa-10871	317	7	.	.	PUNCT
ajfa-10871	318	1	factors	factor	NOUN
ajfa-10871	318	2	influencing	influence	VERB
ajfa-10871	318	3	dividend	dividend	NOUN
ajfa-10871	318	4	policy	policy	NOUN
ajfa-10871	318	5	decisions	decision	NOUN
ajfa-10871	318	6	of	of	ADP
ajfa-10871	318	7	corporate	corporate	ADJ
ajfa-10871	318	8	india	india	PROPN
ajfa-10871	318	9	.	.	PUNCT
ajfa-10871	319	1	the	the	DET
ajfa-10871	319	2	icfai	icfai	NUM
ajfa-10871	319	3	journal	journal	NOUN
ajfa-10871	319	4	of	of	ADP
ajfa-10871	319	5	applied	apply	VERB
ajfa-10871	319	6	finance	finance	NOUN
ajfa-10871	319	7	,	,	PUNCT
ajfa-10871	319	8	10	10	NUM
ajfa-10871	319	9	(	(	PUNCT
ajfa-10871	319	10	2	2	NUM
ajfa-10871	319	11	)	)	PUNCT
ajfa-10871	319	12	,	,	PUNCT
ajfa-10871	319	13	5–16	5–16	PROPN
ajfa-10871	319	14	.	.	PUNCT
ajfa-10871	320	1	arnott	arnott	PROPN
ajfa-10871	320	2	,	,	PUNCT
ajfa-10871	320	3	r.	r.	PROPN
ajfa-10871	320	4	d.	d.	PROPN
ajfa-10871	320	5	,	,	PUNCT
ajfa-10871	320	6	&	&	CCONJ
ajfa-10871	320	7	asness	asness	PROPN
ajfa-10871	320	8	,	,	PUNCT
ajfa-10871	320	9	c.	c.	PROPN
ajfa-10871	320	10	s.	s.	PROPN
ajfa-10871	320	11	(	(	PUNCT
ajfa-10871	320	12	2003	2003	NUM
ajfa-10871	320	13	)	)	PUNCT
ajfa-10871	320	14	.	.	PUNCT
ajfa-10871	321	1	surprise	surprise	NOUN
ajfa-10871	321	2	!	!	PUNCT
ajfa-10871	322	1	higher	high	ADJ
ajfa-10871	322	2	dividends=	dividends=	NUM
ajfa-10871	322	3	higher	high	ADJ
ajfa-10871	322	4	earnings	earning	NOUN
ajfa-10871	322	5	growth	growth	NOUN
ajfa-10871	322	6	.	.	PUNCT
ajfa-10871	323	1	financial	financial	ADJ
ajfa-10871	323	2	analysts	analyst	NOUN
ajfa-10871	323	3	journal	journal	NOUN
ajfa-10871	323	4	,	,	PUNCT
ajfa-10871	323	5	59(1	59(1	NUM
ajfa-10871	323	6	)	)	PUNCT
ajfa-10871	323	7	,	,	PUNCT
ajfa-10871	323	8	70	70	NUM
ajfa-10871	323	9	-	-	SYM
ajfa-10871	323	10	87	87	NUM
ajfa-10871	323	11	.	.	PUNCT
ajfa-10871	324	1	https://doi.org/10.2469/faj.v59.n1.2504	https://doi.org/10.2469/faj.v59.n1.2504	PROPN
ajfa-10871	324	2	azam	azam	PROPN
ajfa-10871	324	3	,	,	PUNCT
ajfa-10871	324	4	m.	m.	NOUN
ajfa-10871	324	5	m.	m.	NOUN
ajfa-10871	324	6	,	,	PUNCT
ajfa-10871	324	7	&	&	CCONJ
ajfa-10871	324	8	richardson	richardson	PROPN
ajfa-10871	324	9	,	,	PUNCT
ajfa-10871	324	10	k.	k.	PROPN
ajfa-10871	325	1	(	(	PUNCT
ajfa-10871	325	2	2010	2010	NUM
ajfa-10871	325	3	)	)	PUNCT
ajfa-10871	325	4	.	.	PUNCT
ajfa-10871	326	1	pharmaceutical	pharmaceutical	NOUN
ajfa-10871	326	2	patent	patent	NOUN
ajfa-10871	326	3	protection	protection	NOUN
ajfa-10871	326	4	and	and	CCONJ
ajfa-10871	326	5	trips	trip	NOUN
ajfa-10871	326	6	challenges	challenge	NOUN
ajfa-10871	326	7	for	for	ADP
ajfa-10871	326	8	bangladesh	bangladesh	NOUN
ajfa-10871	326	9	:	:	PUNCT
ajfa-10871	326	10	an	an	DET
ajfa-10871	326	11	appraisal	appraisal	NOUN
ajfa-10871	326	12	of	of	ADP
ajfa-10871	326	13	bangladesh	bangladesh	NOUN
ajfa-10871	326	14	's	's	PART
ajfa-10871	326	15	patent	patent	NOUN
ajfa-10871	326	16	office	office	NOUN
ajfa-10871	326	17	and	and	CCONJ
ajfa-10871	326	18	department	department	PROPN
ajfa-10871	326	19	of	of	ADP
ajfa-10871	326	20	drug	drug	PROPN
ajfa-10871	326	21	administration	administration	NOUN
ajfa-10871	326	22	.	.	PUNCT
ajfa-10871	327	1	bond	bond	NOUN
ajfa-10871	327	2	law	law	PROPN
ajfa-10871	327	3	review	review	NOUN
ajfa-10871	327	4	,	,	PUNCT
ajfa-10871	327	5	22(2	22(2	NUM
ajfa-10871	327	6	)	)	PUNCT
ajfa-10871	327	7	,	,	PUNCT
ajfa-10871	327	8	1	1	NUM
ajfa-10871	327	9	-	-	SYM
ajfa-10871	327	10	15	15	NUM
ajfa-10871	327	11	.	.	PUNCT
ajfa-10871	328	1	baker	baker	PROPN
ajfa-10871	328	2	,	,	PUNCT
ajfa-10871	328	3	h.	h.	PROPN
ajfa-10871	328	4	k.	k.	PROPN
ajfa-10871	328	5	,	,	PUNCT
ajfa-10871	328	6	farrelly	farrelly	PROPN
ajfa-10871	328	7	,	,	PUNCT
ajfa-10871	328	8	g.	g.	PROPN
ajfa-10871	328	9	e.	e.	PROPN
ajfa-10871	328	10	,	,	PUNCT
ajfa-10871	328	11	&	&	CCONJ
ajfa-10871	328	12	edelman	edelman	PROPN
ajfa-10871	328	13	,	,	PUNCT
ajfa-10871	328	14	r.	r.	PROPN
ajfa-10871	328	15	b.	b.	PROPN
ajfa-10871	328	16	(	(	PUNCT
ajfa-10871	328	17	1985	1985	NUM
ajfa-10871	328	18	)	)	PUNCT
ajfa-10871	328	19	.	.	PUNCT
ajfa-10871	329	1	a	a	DET
ajfa-10871	329	2	survey	survey	NOUN
ajfa-10871	329	3	of	of	ADP
ajfa-10871	329	4	management	management	NOUN
ajfa-10871	329	5	views	view	NOUN
ajfa-10871	329	6	on	on	ADP
ajfa-10871	329	7	dividend	dividend	NOUN
ajfa-10871	329	8	policy	policy	NOUN
ajfa-10871	329	9	.	.	PUNCT
ajfa-10871	330	1	financial	financial	ADJ
ajfa-10871	330	2	management	management	NOUN
ajfa-10871	330	3	,	,	PUNCT
ajfa-10871	330	4	14(4	14(4	NUM
ajfa-10871	330	5	)	)	PUNCT
ajfa-10871	330	6	,	,	PUNCT
ajfa-10871	330	7	78	78	NUM
ajfa-10871	330	8	-	-	SYM
ajfa-10871	330	9	84	84	NUM
ajfa-10871	330	10	.	.	PUNCT
ajfa-10871	331	1	https://doi.org/10.2307/3665062	https://doi.org/10.2307/3665062	PRON
ajfa-10871	331	2	baker	baker	PROPN
ajfa-10871	331	3	,	,	PUNCT
ajfa-10871	331	4	h.	h.	PROPN
ajfa-10871	331	5	k.	k.	PROPN
ajfa-10871	331	6	,	,	PUNCT
ajfa-10871	331	7	&	&	CCONJ
ajfa-10871	331	8	powell	powell	PROPN
ajfa-10871	331	9	,	,	PUNCT
ajfa-10871	331	10	g.	g.	PROPN
ajfa-10871	331	11	e.	e.	PROPN
ajfa-10871	331	12	(	(	PUNCT
ajfa-10871	331	13	2000	2000	NUM
ajfa-10871	331	14	)	)	PUNCT
ajfa-10871	331	15	.	.	PUNCT
ajfa-10871	332	1	determinants	determinant	NOUN
ajfa-10871	332	2	of	of	ADP
ajfa-10871	332	3	corporate	corporate	ADJ
ajfa-10871	332	4	dividend	dividend	NOUN
ajfa-10871	332	5	policy	policy	NOUN
ajfa-10871	332	6	:	:	PUNCT
ajfa-10871	332	7	a	a	DET
ajfa-10871	332	8	survey	survey	NOUN
ajfa-10871	332	9	of	of	ADP
ajfa-10871	332	10	nyse	nyse	PROPN
ajfa-10871	332	11	firms	firm	NOUN
ajfa-10871	332	12	.	.	PUNCT
ajfa-10871	333	1	financial	financial	ADJ
ajfa-10871	333	2	practice	practice	NOUN
ajfa-10871	333	3	and	and	CCONJ
ajfa-10871	333	4	education	education	NOUN
ajfa-10871	333	5	,	,	PUNCT
ajfa-10871	333	6	10(1	10(1	NUM
ajfa-10871	333	7	)	)	PUNCT
ajfa-10871	333	8	,	,	PUNCT
ajfa-10871	333	9	29	29	NUM
ajfa-10871	333	10	-	-	SYM
ajfa-10871	333	11	40	40	NUM
ajfa-10871	333	12	.	.	PUNCT
ajfa-10871	334	1	baker	baker	PROPN
ajfa-10871	334	2	,	,	PUNCT
ajfa-10871	334	3	h.	h.	PROPN
ajfa-10871	334	4	k.	k.	PROPN
ajfa-10871	334	5	,	,	PUNCT
ajfa-10871	334	6	&	&	CCONJ
ajfa-10871	334	7	powell	powell	PROPN
ajfa-10871	334	8	,	,	PUNCT
ajfa-10871	334	9	g.	g.	PROPN
ajfa-10871	334	10	e.	e.	PROPN
ajfa-10871	334	11	(	(	PUNCT
ajfa-10871	334	12	1999	1999	NUM
ajfa-10871	334	13	)	)	PUNCT
ajfa-10871	334	14	.	.	PUNCT
ajfa-10871	335	1	how	how	SCONJ
ajfa-10871	335	2	corporate	corporate	ADJ
ajfa-10871	335	3	managers	manager	NOUN
ajfa-10871	335	4	view	view	VERB
ajfa-10871	335	5	dividend	dividend	NOUN
ajfa-10871	335	6	asian	asian	ADJ
ajfa-10871	335	7	journal	journal	NOUN
ajfa-10871	335	8	of	of	ADP
ajfa-10871	335	9	finance	finance	PROPN
ajfa-10871	335	10	&	&	CCONJ
ajfa-10871	335	11	accounting	accounting	PROPN
ajfa-10871	335	12	issn	issn	PROPN
ajfa-10871	335	13	1946	1946	NUM
ajfa-10871	335	14	-	-	PUNCT
ajfa-10871	335	15	052x	052x	PROPN
ajfa-10871	335	16	2017	2017	NUM
ajfa-10871	335	17	,	,	PUNCT
ajfa-10871	335	18	vol	vol	NOUN
ajfa-10871	335	19	.	.	NOUN
ajfa-10871	336	1	9	9	NUM
ajfa-10871	336	2	,	,	PUNCT
ajfa-10871	336	3	no	no	INTJ
ajfa-10871	336	4	.	.	NOUN
ajfa-10871	336	5	1	1	NUM
ajfa-10871	336	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	336	7	186	186	NUM
ajfa-10871	336	8	policy	policy	NOUN
ajfa-10871	336	9	.	.	PUNCT
ajfa-10871	337	1	quarterly	quarterly	ADJ
ajfa-10871	337	2	journal	journal	NOUN
ajfa-10871	337	3	of	of	ADP
ajfa-10871	337	4	business	business	NOUN
ajfa-10871	337	5	and	and	CCONJ
ajfa-10871	337	6	economics	economic	NOUN
ajfa-10871	337	7	,	,	PUNCT
ajfa-10871	337	8	17	17	NUM
ajfa-10871	337	9	-	-	SYM
ajfa-10871	337	10	35	35	NUM
ajfa-10871	337	11	.	.	PUNCT
ajfa-10871	338	1	baker	baker	PROPN
ajfa-10871	338	2	,	,	PUNCT
ajfa-10871	338	3	h.	h.	PROPN
ajfa-10871	338	4	k.	k.	PROPN
ajfa-10871	338	5	,	,	PUNCT
ajfa-10871	338	6	veit	veit	PROPN
ajfa-10871	338	7	,	,	PUNCT
ajfa-10871	338	8	e.	e.	PROPN
ajfa-10871	338	9	t.	t.	PROPN
ajfa-10871	338	10	,	,	PUNCT
ajfa-10871	338	11	&	&	CCONJ
ajfa-10871	338	12	powell	powell	PROPN
ajfa-10871	338	13	,	,	PUNCT
ajfa-10871	338	14	g.	g.	PROPN
ajfa-10871	338	15	e.	e.	PROPN
ajfa-10871	338	16	(	(	PUNCT
ajfa-10871	338	17	2001	2001	NUM
ajfa-10871	338	18	)	)	PUNCT
ajfa-10871	338	19	.	.	PUNCT
ajfa-10871	339	1	factors	factor	NOUN
ajfa-10871	339	2	influencing	influence	VERB
ajfa-10871	339	3	dividend	dividend	NOUN
ajfa-10871	339	4	policy	policy	NOUN
ajfa-10871	339	5	decisions	decision	NOUN
ajfa-10871	339	6	of	of	ADP
ajfa-10871	339	7	nasdaq	nasdaq	PROPN
ajfa-10871	339	8	firms	firm	NOUN
ajfa-10871	339	9	.	.	PUNCT
ajfa-10871	340	1	financial	financial	ADJ
ajfa-10871	340	2	review	review	PROPN
ajfa-10871	340	3	,	,	PUNCT
ajfa-10871	340	4	36(3	36(3	NUM
ajfa-10871	340	5	)	)	PUNCT
ajfa-10871	340	6	,	,	PUNCT
ajfa-10871	340	7	19	19	NUM
ajfa-10871	340	8	-	-	SYM
ajfa-10871	340	9	38	38	NUM
ajfa-10871	340	10	.	.	PUNCT
ajfa-10871	341	1	https://doi.org/10.1111/j.1540-6288.2001.tb00018.x	https://doi.org/10.1111/j.1540-6288.2001.tb00018.x	PROPN
ajfa-10871	341	2	baker	baker	PROPN
ajfa-10871	341	3	,	,	PUNCT
ajfa-10871	341	4	m.	m.	NOUN
ajfa-10871	341	5	,	,	PUNCT
ajfa-10871	341	6	&	&	CCONJ
ajfa-10871	341	7	wurgler	wurgler	PROPN
ajfa-10871	341	8	,	,	PUNCT
ajfa-10871	341	9	j.	j.	PROPN
ajfa-10871	341	10	(	(	PUNCT
ajfa-10871	341	11	2004	2004	NUM
ajfa-10871	341	12	)	)	PUNCT
ajfa-10871	341	13	.	.	PUNCT
ajfa-10871	342	1	appearing	appear	VERB
ajfa-10871	342	2	and	and	CCONJ
ajfa-10871	342	3	disappearing	disappear	VERB
ajfa-10871	342	4	dividends	dividend	NOUN
ajfa-10871	342	5	:	:	PUNCT
ajfa-10871	342	6	the	the	DET
ajfa-10871	342	7	link	link	NOUN
ajfa-10871	342	8	to	to	ADP
ajfa-10871	342	9	catering	catering	NOUN
ajfa-10871	342	10	incentives	incentive	NOUN
ajfa-10871	342	11	.	.	PUNCT
ajfa-10871	343	1	journal	journal	NOUN
ajfa-10871	343	2	of	of	ADP
ajfa-10871	343	3	financial	financial	ADJ
ajfa-10871	343	4	economics	economic	NOUN
ajfa-10871	343	5	,	,	PUNCT
ajfa-10871	343	6	73(2	73(2	NUM
ajfa-10871	343	7	)	)	PUNCT
ajfa-10871	343	8	,	,	PUNCT
ajfa-10871	343	9	271	271	NUM
ajfa-10871	343	10	-	-	SYM
ajfa-10871	343	11	288	288	NUM
ajfa-10871	343	12	.	.	PUNCT
ajfa-10871	344	1	https://doi.org/10.1016/j.jfineco.2003.08.001	https://doi.org/10.1016/j.jfineco.2003.08.001	PROPN
ajfa-10871	344	2	baker	baker	PROPN
ajfa-10871	344	3	,	,	PUNCT
ajfa-10871	344	4	m.	m.	NOUN
ajfa-10871	344	5	,	,	PUNCT
ajfa-10871	344	6	&	&	CCONJ
ajfa-10871	344	7	wurgler	wurgler	PROPN
ajfa-10871	344	8	,	,	PUNCT
ajfa-10871	344	9	j.	j.	PROPN
ajfa-10871	344	10	(	(	PUNCT
ajfa-10871	344	11	2004	2004	NUM
ajfa-10871	344	12	)	)	PUNCT
ajfa-10871	344	13	.	.	PUNCT
ajfa-10871	345	1	a	a	DET
ajfa-10871	345	2	catering	catering	NOUN
ajfa-10871	345	3	theory	theory	NOUN
ajfa-10871	345	4	of	of	ADP
ajfa-10871	345	5	dividends	dividend	NOUN
ajfa-10871	345	6	.	.	PUNCT
ajfa-10871	346	1	the	the	DET
ajfa-10871	346	2	journal	journal	NOUN
ajfa-10871	346	3	of	of	ADP
ajfa-10871	346	4	finance	finance	NOUN
ajfa-10871	346	5	,	,	PUNCT
ajfa-10871	346	6	59(3	59(3	NUM
ajfa-10871	346	7	)	)	PUNCT
ajfa-10871	346	8	,	,	PUNCT
ajfa-10871	346	9	1125	1125	NUM
ajfa-10871	346	10	-	-	SYM
ajfa-10871	346	11	1165	1165	NUM
ajfa-10871	346	12	.	.	PUNCT
ajfa-10871	347	1	https://doi.org/10.1111/j.1540-6261.2004.00658.x	https://doi.org/10.1111/j.1540-6261.2004.00658.x	VERB
ajfa-10871	347	2	banerjee	banerjee	PROPN
ajfa-10871	347	3	,	,	PUNCT
ajfa-10871	347	4	s.	s.	PROPN
ajfa-10871	347	5	,	,	PUNCT
ajfa-10871	347	6	gatchev	gatchev	PROPN
ajfa-10871	347	7	,	,	PUNCT
ajfa-10871	347	8	v.	v.	NOUN
ajfa-10871	347	9	a.	a.	PROPN
ajfa-10871	347	10	,	,	PUNCT
ajfa-10871	347	11	&	&	CCONJ
ajfa-10871	347	12	spindt	spindt	PROPN
ajfa-10871	347	13	,	,	PUNCT
ajfa-10871	347	14	p.	p.	NOUN
ajfa-10871	347	15	a.	a.	NOUN
ajfa-10871	347	16	(	(	PUNCT
ajfa-10871	347	17	2007	2007	NUM
ajfa-10871	347	18	)	)	PUNCT
ajfa-10871	347	19	.	.	PUNCT
ajfa-10871	348	1	stock	stock	NOUN
ajfa-10871	348	2	market	market	NOUN
ajfa-10871	348	3	liquidity	liquidity	NOUN
ajfa-10871	348	4	and	and	CCONJ
ajfa-10871	348	5	firm	firm	ADJ
ajfa-10871	348	6	dividend	dividend	NOUN
ajfa-10871	348	7	policy	policy	NOUN
ajfa-10871	348	8	.	.	PUNCT
ajfa-10871	349	1	journal	journal	NOUN
ajfa-10871	349	2	of	of	ADP
ajfa-10871	349	3	financial	financial	ADJ
ajfa-10871	349	4	and	and	CCONJ
ajfa-10871	349	5	quantitative	quantitative	ADJ
ajfa-10871	349	6	analysis	analysis	NOUN
ajfa-10871	349	7	,	,	PUNCT
ajfa-10871	349	8	42(02	42(02	NUM
ajfa-10871	349	9	)	)	PUNCT
ajfa-10871	349	10	,	,	PUNCT
ajfa-10871	349	11	369	369	NUM
ajfa-10871	349	12	-	-	SYM
ajfa-10871	349	13	397	397	NUM
ajfa-10871	349	14	.	.	PUNCT
ajfa-10871	350	1	https://doi.org/10.1017/s0022109000003318	https://doi.org/10.1017/s0022109000003318	NUM
ajfa-10871	350	2	banz	banz	NOUN
ajfa-10871	350	3	,	,	PUNCT
ajfa-10871	350	4	r.	r.	PROPN
ajfa-10871	350	5	w.	w.	PROPN
ajfa-10871	350	6	(	(	PUNCT
ajfa-10871	350	7	1981	1981	NUM
ajfa-10871	350	8	)	)	PUNCT
ajfa-10871	350	9	.	.	PUNCT
ajfa-10871	351	1	the	the	DET
ajfa-10871	351	2	relationship	relationship	NOUN
ajfa-10871	351	3	between	between	ADP
ajfa-10871	351	4	return	return	NOUN
ajfa-10871	351	5	and	and	CCONJ
ajfa-10871	351	6	market	market	NOUN
ajfa-10871	351	7	value	value	NOUN
ajfa-10871	351	8	of	of	ADP
ajfa-10871	351	9	common	common	ADJ
ajfa-10871	351	10	stocks	stock	NOUN
ajfa-10871	351	11	.	.	PUNCT
ajfa-10871	352	1	journal	journal	NOUN
ajfa-10871	352	2	of	of	ADP
ajfa-10871	352	3	financial	financial	ADJ
ajfa-10871	352	4	economics	economic	NOUN
ajfa-10871	352	5	,	,	PUNCT
ajfa-10871	352	6	9(1	9(1	NUM
ajfa-10871	352	7	)	)	PUNCT
ajfa-10871	352	8	,	,	PUNCT
ajfa-10871	352	9	3	3	NUM
ajfa-10871	352	10	-	-	SYM
ajfa-10871	352	11	18	18	NUM
ajfa-10871	352	12	.	.	PUNCT
ajfa-10871	353	1	https://doi.org/10.1016/0304-405x(81)90018-0	https://doi.org/10.1016/0304-405x(81)90018-0	PROPN
ajfa-10871	353	2	barclay	barclay	PROPN
ajfa-10871	353	3	,	,	PUNCT
ajfa-10871	353	4	m.	m.	NOUN
ajfa-10871	353	5	j.	j.	PROPN
ajfa-10871	353	6	,	,	PUNCT
ajfa-10871	353	7	smith	smith	PROPN
ajfa-10871	353	8	,	,	PUNCT
ajfa-10871	353	9	c.	c.	PROPN
ajfa-10871	353	10	w.	w.	PROPN
ajfa-10871	353	11	,	,	PUNCT
ajfa-10871	353	12	&	&	CCONJ
ajfa-10871	353	13	watts	watts	PROPN
ajfa-10871	353	14	,	,	PUNCT
ajfa-10871	353	15	r.	r.	PROPN
ajfa-10871	353	16	l.	l.	PROPN
ajfa-10871	353	17	(	(	PUNCT
ajfa-10871	353	18	1995	1995	NUM
ajfa-10871	353	19	)	)	PUNCT
ajfa-10871	353	20	.	.	PUNCT
ajfa-10871	354	1	the	the	DET
ajfa-10871	354	2	determinants	determinant	NOUN
ajfa-10871	354	3	of	of	ADP
ajfa-10871	354	4	corporate	corporate	ADJ
ajfa-10871	354	5	leverage	leverage	NOUN
ajfa-10871	354	6	and	and	CCONJ
ajfa-10871	354	7	dividend	dividend	NOUN
ajfa-10871	354	8	policies	policy	NOUN
ajfa-10871	354	9	.	.	PUNCT
ajfa-10871	355	1	journal	journal	NOUN
ajfa-10871	355	2	of	of	ADP
ajfa-10871	355	3	applied	apply	VERB
ajfa-10871	355	4	corporate	corporate	ADJ
ajfa-10871	355	5	finance	finance	NOUN
ajfa-10871	355	6	,	,	PUNCT
ajfa-10871	355	7	7(4	7(4	NUM
ajfa-10871	355	8	)	)	PUNCT
ajfa-10871	355	9	,	,	PUNCT
ajfa-10871	355	10	4	4	NUM
ajfa-10871	355	11	-	-	SYM
ajfa-10871	355	12	19	19	NUM
ajfa-10871	355	13	.	.	PUNCT
ajfa-10871	356	1	https://doi.org/10.1111/j.1745-6622.1995.tb00259.x	https://doi.org/10.1111/j.1745-6622.1995.tb00259.x	PROPN
ajfa-10871	356	2	ben	ben	PROPN
ajfa-10871	356	3	naceur	naceur	PROPN
ajfa-10871	356	4	,	,	PUNCT
ajfa-10871	356	5	s.	s.	PROPN
ajfa-10871	356	6	,	,	PUNCT
ajfa-10871	356	7	goaied	goaie	VERB
ajfa-10871	356	8	,	,	PUNCT
ajfa-10871	356	9	m.	m.	NOUN
ajfa-10871	356	10	,	,	PUNCT
ajfa-10871	356	11	&	&	CCONJ
ajfa-10871	356	12	belanes	belanes	PROPN
ajfa-10871	356	13	,	,	PUNCT
ajfa-10871	356	14	a.	a.	NOUN
ajfa-10871	356	15	(	(	PUNCT
ajfa-10871	356	16	2006	2006	NUM
ajfa-10871	356	17	)	)	PUNCT
ajfa-10871	356	18	.	.	PUNCT
ajfa-10871	357	1	on	on	ADP
ajfa-10871	357	2	the	the	DET
ajfa-10871	357	3	determinants	determinant	NOUN
ajfa-10871	357	4	and	and	CCONJ
ajfa-10871	357	5	dynamics	dynamic	NOUN
ajfa-10871	357	6	of	of	ADP
ajfa-10871	357	7	dividend	dividend	NOUN
ajfa-10871	357	8	policy	policy	NOUN
ajfa-10871	357	9	.	.	PUNCT
ajfa-10871	358	1	international	international	ADJ
ajfa-10871	358	2	review	review	NOUN
ajfa-10871	358	3	of	of	ADP
ajfa-10871	358	4	finance	finance	NOUN
ajfa-10871	358	5	,	,	PUNCT
ajfa-10871	358	6	6(1‐2	6(1‐2	NUM
ajfa-10871	358	7	)	)	PUNCT
ajfa-10871	358	8	,	,	PUNCT
ajfa-10871	358	9	1	1	NUM
ajfa-10871	358	10	-	-	SYM
ajfa-10871	358	11	23	23	NUM
ajfa-10871	358	12	.	.	PUNCT
ajfa-10871	359	1	https://doi.org/10.1111/j.1468-2443.2007.00057.x	https://doi.org/10.1111/j.1468-2443.2007.00057.x	PROPN
ajfa-10871	359	2	benito	benito	PROPN
ajfa-10871	359	3	,	,	PUNCT
ajfa-10871	359	4	a.	a.	PROPN
ajfa-10871	359	5	,	,	PUNCT
ajfa-10871	359	6	&	&	CCONJ
ajfa-10871	359	7	young	young	ADJ
ajfa-10871	359	8	,	,	PUNCT
ajfa-10871	359	9	g.	g.	PROPN
ajfa-10871	359	10	(	(	PUNCT
ajfa-10871	359	11	2003	2003	NUM
ajfa-10871	359	12	)	)	PUNCT
ajfa-10871	359	13	.	.	PUNCT
ajfa-10871	360	1	hard	hard	ADJ
ajfa-10871	360	2	times	time	NOUN
ajfa-10871	360	3	or	or	CCONJ
ajfa-10871	360	4	great	great	ADJ
ajfa-10871	360	5	expectations	expectation	NOUN
ajfa-10871	360	6	?	?	PUNCT
ajfa-10871	361	1	dividend	dividend	NOUN
ajfa-10871	361	2	omissions	omission	NOUN
ajfa-10871	361	3	and	and	CCONJ
ajfa-10871	361	4	dividend	dividend	NOUN
ajfa-10871	361	5	cuts	cut	NOUN
ajfa-10871	361	6	by	by	ADP
ajfa-10871	361	7	uk	uk	PROPN
ajfa-10871	361	8	firms	firm	NOUN
ajfa-10871	361	9	.	.	PUNCT
ajfa-10871	362	1	oxford	oxford	ADJ
ajfa-10871	362	2	bulletin	bulletin	NOUN
ajfa-10871	362	3	of	of	ADP
ajfa-10871	362	4	economics	economic	NOUN
ajfa-10871	362	5	and	and	CCONJ
ajfa-10871	362	6	statistics	statistic	NOUN
ajfa-10871	362	7	,	,	PUNCT
ajfa-10871	362	8	65(5	65(5	NUM
ajfa-10871	362	9	)	)	PUNCT
ajfa-10871	362	10	,	,	PUNCT
ajfa-10871	362	11	531	531	NUM
ajfa-10871	362	12	-	-	SYM
ajfa-10871	362	13	555	555	NUM
ajfa-10871	362	14	.	.	PUNCT
ajfa-10871	362	15	https://doi.org/10.1111/j.1468-0084.2003.00060.x	https://doi.org/10.1111/j.1468-0084.2003.00060.x	PROPN
ajfa-10871	362	16	black	black	PROPN
ajfa-10871	362	17	,	,	PUNCT
ajfa-10871	362	18	f.	f.	PROPN
ajfa-10871	362	19	(	(	PUNCT
ajfa-10871	362	20	1976	1976	NUM
ajfa-10871	362	21	)	)	PUNCT
ajfa-10871	362	22	.	.	PUNCT
ajfa-10871	363	1	the	the	DET
ajfa-10871	363	2	dividend	dividend	NOUN
ajfa-10871	363	3	puzzle	puzzle	NOUN
ajfa-10871	363	4	.	.	PUNCT
ajfa-10871	364	1	the	the	DET
ajfa-10871	364	2	journal	journal	PROPN
ajfa-10871	364	3	of	of	ADP
ajfa-10871	364	4	portfolio	portfolio	NOUN
ajfa-10871	364	5	management	management	NOUN
ajfa-10871	364	6	,	,	PUNCT
ajfa-10871	364	7	2(2	2(2	NUM
ajfa-10871	364	8	)	)	PUNCT
ajfa-10871	364	9	,	,	PUNCT
ajfa-10871	364	10	5	5	NUM
ajfa-10871	364	11	-	-	SYM
ajfa-10871	364	12	8	8	NUM
ajfa-10871	364	13	.	.	PUNCT
ajfa-10871	365	1	https://doi.org/10.3905/jpm.1976.408558	https://doi.org/10.3905/jpm.1976.408558	PROPN
ajfa-10871	365	2	black	black	PROPN
ajfa-10871	365	3	,	,	PUNCT
ajfa-10871	365	4	f.	f.	PROPN
ajfa-10871	365	5	,	,	PUNCT
ajfa-10871	365	6	&	&	CCONJ
ajfa-10871	365	7	scholes	scholes	PROPN
ajfa-10871	365	8	,	,	PUNCT
ajfa-10871	365	9	m.	m.	NOUN
ajfa-10871	365	10	(	(	PUNCT
ajfa-10871	365	11	1974	1974	NUM
ajfa-10871	365	12	)	)	PUNCT
ajfa-10871	365	13	.	.	PUNCT
ajfa-10871	366	1	the	the	DET
ajfa-10871	366	2	effects	effect	NOUN
ajfa-10871	366	3	of	of	ADP
ajfa-10871	366	4	dividend	dividend	NOUN
ajfa-10871	366	5	yield	yield	NOUN
ajfa-10871	366	6	and	and	CCONJ
ajfa-10871	366	7	dividend	dividend	NOUN
ajfa-10871	366	8	policy	policy	NOUN
ajfa-10871	366	9	on	on	ADP
ajfa-10871	366	10	common	common	ADJ
ajfa-10871	366	11	stock	stock	NOUN
ajfa-10871	366	12	prices	price	NOUN
ajfa-10871	366	13	and	and	CCONJ
ajfa-10871	366	14	returns	return	NOUN
ajfa-10871	366	15	.	.	PUNCT
ajfa-10871	367	1	journal	journal	NOUN
ajfa-10871	367	2	of	of	ADP
ajfa-10871	367	3	financial	financial	ADJ
ajfa-10871	367	4	economics	economic	NOUN
ajfa-10871	367	5	,	,	PUNCT
ajfa-10871	367	6	1(1	1(1	NUM
ajfa-10871	367	7	)	)	PUNCT
ajfa-10871	367	8	,	,	PUNCT
ajfa-10871	367	9	1	1	NUM
ajfa-10871	367	10	-	-	SYM
ajfa-10871	367	11	22	22	NUM
ajfa-10871	367	12	.	.	PUNCT
ajfa-10871	368	1	https://doi.org/10.1016/0304-405x(74)90006-3	https://doi.org/10.1016/0304-405x(74)90006-3	PROPN
ajfa-10871	368	2	brennan	brennan	PROPN
ajfa-10871	368	3	,	,	PUNCT
ajfa-10871	368	4	m.	m.	NOUN
ajfa-10871	368	5	j.	j.	PROPN
ajfa-10871	368	6	,	,	PUNCT
ajfa-10871	368	7	&	&	CCONJ
ajfa-10871	368	8	thakor	thakor	PROPN
ajfa-10871	368	9	,	,	PUNCT
ajfa-10871	368	10	a.	a.	PROPN
ajfa-10871	368	11	v.	v.	PROPN
ajfa-10871	368	12	(	(	PUNCT
ajfa-10871	368	13	1990	1990	NUM
ajfa-10871	368	14	)	)	PUNCT
ajfa-10871	368	15	.	.	PUNCT
ajfa-10871	369	1	shareholder	shareholder	NOUN
ajfa-10871	369	2	preferences	preference	NOUN
ajfa-10871	369	3	and	and	CCONJ
ajfa-10871	369	4	dividend	dividend	NOUN
ajfa-10871	369	5	policy	policy	NOUN
ajfa-10871	369	6	.	.	PUNCT
ajfa-10871	370	1	the	the	DET
ajfa-10871	370	2	journal	journal	PROPN
ajfa-10871	370	3	of	of	ADP
ajfa-10871	370	4	finance	finance	NOUN
ajfa-10871	370	5	,	,	PUNCT
ajfa-10871	370	6	45(4	45(4	NUM
ajfa-10871	370	7	)	)	PUNCT
ajfa-10871	370	8	,	,	PUNCT
ajfa-10871	370	9	993	993	NUM
ajfa-10871	370	10	-	-	SYM
ajfa-10871	370	11	1018	1018	NUM
ajfa-10871	370	12	.	.	PUNCT
ajfa-10871	371	1	https://doi.org/10.1111/j.1540-6261.1990.tb02424.x	https://doi.org/10.1111/j.1540-6261.1990.tb02424.x	PROPN
ajfa-10871	371	2	brittain	brittain	PROPN
ajfa-10871	371	3	,	,	PUNCT
ajfa-10871	371	4	j.	j.	PROPN
ajfa-10871	371	5	a.	a.	PROPN
ajfa-10871	371	6	(	(	PUNCT
ajfa-10871	371	7	1966	1966	NUM
ajfa-10871	371	8	)	)	PUNCT
ajfa-10871	371	9	.	.	PUNCT
ajfa-10871	372	1	corporate	corporate	ADJ
ajfa-10871	372	2	dividend	dividend	NOUN
ajfa-10871	372	3	policy	policy	NOUN
ajfa-10871	372	4	.	.	PUNCT
ajfa-10871	373	1	brookings	brookings	PROPN
ajfa-10871	373	2	institution	institution	PROPN
ajfa-10871	373	3	.	.	PUNCT
ajfa-10871	374	1	brown	brown	PROPN
ajfa-10871	374	2	,	,	PUNCT
ajfa-10871	374	3	p.	p.	PROPN
ajfa-10871	374	4	s.	s.	PROPN
ajfa-10871	374	5	,	,	PUNCT
ajfa-10871	374	6	bartram	bartram	PROPN
ajfa-10871	374	7	,	,	PUNCT
ajfa-10871	374	8	s.	s.	PROPN
ajfa-10871	374	9	,	,	PUNCT
ajfa-10871	374	10	how	how	SCONJ
ajfa-10871	374	11	,	,	PUNCT
ajfa-10871	374	12	j.	j.	PROPN
ajfa-10871	374	13	,	,	PUNCT
ajfa-10871	374	14	&	&	CCONJ
ajfa-10871	374	15	verhoeven	verhoeven	PROPN
ajfa-10871	374	16	,	,	PUNCT
ajfa-10871	374	17	p.	p.	NOUN
ajfa-10871	374	18	(	(	PUNCT
ajfa-10871	374	19	2009	2009	NUM
ajfa-10871	374	20	)	)	PUNCT
ajfa-10871	374	21	.	.	PUNCT
ajfa-10871	375	1	agency	agency	NOUN
ajfa-10871	375	2	conflicts	conflict	NOUN
ajfa-10871	375	3	and	and	CCONJ
ajfa-10871	375	4	corporate	corporate	ADJ
ajfa-10871	375	5	payout	payout	NOUN
ajfa-10871	375	6	policies	policy	NOUN
ajfa-10871	375	7	:	:	PUNCT
ajfa-10871	375	8	a	a	DET
ajfa-10871	375	9	global	global	ADJ
ajfa-10871	375	10	study	study	NOUN
ajfa-10871	375	11	.	.	PUNCT
ajfa-10871	376	1	chen	chen	PROPN
ajfa-10871	376	2	,	,	PUNCT
ajfa-10871	376	3	d.	d.	PROPN
ajfa-10871	376	4	,	,	PUNCT
ajfa-10871	376	5	jian	jian	PROPN
ajfa-10871	376	6	,	,	PUNCT
ajfa-10871	376	7	m.	m.	NOUN
ajfa-10871	376	8	,	,	PUNCT
ajfa-10871	376	9	&	&	CCONJ
ajfa-10871	376	10	xu	xu	PROPN
ajfa-10871	376	11	,	,	PUNCT
ajfa-10871	376	12	m.	m.	NOUN
ajfa-10871	376	13	(	(	PUNCT
ajfa-10871	376	14	2009	2009	NUM
ajfa-10871	376	15	)	)	PUNCT
ajfa-10871	376	16	.	.	PUNCT
ajfa-10871	377	1	dividends	dividend	NOUN
ajfa-10871	377	2	for	for	ADP
ajfa-10871	377	3	tunneling	tunnel	VERB
ajfa-10871	377	4	in	in	ADP
ajfa-10871	377	5	a	a	DET
ajfa-10871	377	6	regulated	regulated	ADJ
ajfa-10871	377	7	economy	economy	NOUN
ajfa-10871	377	8	:	:	PUNCT
ajfa-10871	377	9	the	the	DET
ajfa-10871	377	10	case	case	NOUN
ajfa-10871	377	11	of	of	ADP
ajfa-10871	377	12	china	china	PROPN
ajfa-10871	377	13	.	.	PUNCT
ajfa-10871	378	1	pacific	pacific	ADJ
ajfa-10871	378	2	-	-	PUNCT
ajfa-10871	378	3	basin	basin	NOUN
ajfa-10871	378	4	finance	finance	NOUN
ajfa-10871	378	5	journal	journal	NOUN
ajfa-10871	378	6	,	,	PUNCT
ajfa-10871	378	7	17(2	17(2	NUM
ajfa-10871	378	8	)	)	PUNCT
ajfa-10871	378	9	,	,	PUNCT
ajfa-10871	378	10	209	209	NUM
ajfa-10871	378	11	-	-	SYM
ajfa-10871	378	12	223	223	NUM
ajfa-10871	378	13	.	.	PUNCT
ajfa-10871	379	1	https://doi.org/10.1016/j.pacfin.2008.05.002	https://doi.org/10.1016/j.pacfin.2008.05.002	NOUN
ajfa-10871	379	2	asian	asian	ADJ
ajfa-10871	379	3	journal	journal	NOUN
ajfa-10871	379	4	of	of	ADP
ajfa-10871	379	5	finance	finance	PROPN
ajfa-10871	379	6	&	&	CCONJ
ajfa-10871	379	7	accounting	accounting	PROPN
ajfa-10871	379	8	issn	issn	PROPN
ajfa-10871	379	9	1946	1946	NUM
ajfa-10871	379	10	-	-	PUNCT
ajfa-10871	379	11	052x	052x	PROPN
ajfa-10871	379	12	2017	2017	NUM
ajfa-10871	379	13	,	,	PUNCT
ajfa-10871	379	14	vol	vol	NOUN
ajfa-10871	379	15	.	.	NOUN
ajfa-10871	379	16	9	9	NUM
ajfa-10871	379	17	,	,	PUNCT
ajfa-10871	379	18	no	no	INTJ
ajfa-10871	379	19	.	.	NOUN
ajfa-10871	379	20	1	1	NUM
ajfa-10871	379	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	379	22	187	187	NUM
ajfa-10871	379	23	chen	chen	PROPN
ajfa-10871	379	24	,	,	PUNCT
ajfa-10871	379	25	j.	j.	PROPN
ajfa-10871	379	26	&	&	CCONJ
ajfa-10871	379	27	dhiensiri	dhiensiri	PROPN
ajfa-10871	379	28	,	,	PUNCT
ajfa-10871	379	29	n.	n.	PROPN
ajfa-10871	379	30	(	(	PUNCT
ajfa-10871	379	31	2009	2009	NUM
ajfa-10871	379	32	)	)	PUNCT
ajfa-10871	379	33	.	.	PUNCT
ajfa-10871	380	1	determinants	determinant	NOUN
ajfa-10871	380	2	of	of	ADP
ajfa-10871	380	3	dividend	dividend	NOUN
ajfa-10871	380	4	policy	policy	NOUN
ajfa-10871	380	5	:	:	PUNCT
ajfa-10871	380	6	the	the	DET
ajfa-10871	380	7	evidence	evidence	NOUN
ajfa-10871	380	8	from	from	ADP
ajfa-10871	380	9	new	new	PROPN
ajfa-10871	380	10	zealand	zealand	PROPN
ajfa-10871	380	11	.	.	PUNCT
ajfa-10871	381	1	international	international	ADJ
ajfa-10871	381	2	research	research	PROPN
ajfa-10871	381	3	journal	journal	NOUN
ajfa-10871	381	4	of	of	ADP
ajfa-10871	381	5	finance	finance	NOUN
ajfa-10871	381	6	and	and	CCONJ
ajfa-10871	381	7	economics	economic	NOUN
ajfa-10871	381	8	,	,	PUNCT
ajfa-10871	381	9	34(34	34(34	NUM
ajfa-10871	381	10	)	)	PUNCT
ajfa-10871	381	11	,	,	PUNCT
ajfa-10871	381	12	18	18	NUM
ajfa-10871	381	13	-	-	SYM
ajfa-10871	381	14	28	28	NUM
ajfa-10871	381	15	.	.	PUNCT
ajfa-10871	382	1	darling	darling	NOUN
ajfa-10871	382	2	,	,	PUNCT
ajfa-10871	382	3	p.	p.	NOUN
ajfa-10871	382	4	g.	g.	PROPN
ajfa-10871	383	1	(	(	PUNCT
ajfa-10871	383	2	1957	1957	NUM
ajfa-10871	383	3	)	)	PUNCT
ajfa-10871	383	4	.	.	PUNCT
ajfa-10871	384	1	the	the	DET
ajfa-10871	384	2	influence	influence	NOUN
ajfa-10871	384	3	of	of	ADP
ajfa-10871	384	4	expectations	expectation	NOUN
ajfa-10871	384	5	and	and	CCONJ
ajfa-10871	384	6	liquidity	liquidity	NOUN
ajfa-10871	384	7	on	on	ADP
ajfa-10871	384	8	dividend	dividend	NOUN
ajfa-10871	384	9	policy	policy	NOUN
ajfa-10871	384	10	.	.	PUNCT
ajfa-10871	385	1	journal	journal	NOUN
ajfa-10871	385	2	of	of	ADP
ajfa-10871	385	3	political	political	ADJ
ajfa-10871	385	4	economy	economy	NOUN
ajfa-10871	385	5	,	,	PUNCT
ajfa-10871	385	6	65(3	65(3	NUM
ajfa-10871	385	7	)	)	PUNCT
ajfa-10871	385	8	,	,	PUNCT
ajfa-10871	385	9	209	209	NUM
ajfa-10871	385	10	-	-	SYM
ajfa-10871	385	11	224	224	NUM
ajfa-10871	385	12	.	.	PUNCT
ajfa-10871	386	1	https://doi.org/10.1086/257920	https://doi.org/10.1086/257920	PRON
ajfa-10871	386	2	dcci	dcci	PROPN
ajfa-10871	386	3	(	(	PUNCT
ajfa-10871	386	4	dhaka	dhaka	PROPN
ajfa-10871	386	5	chamber	chamber	PROPN
ajfa-10871	386	6	of	of	ADP
ajfa-10871	386	7	commerce	commerce	PROPN
ajfa-10871	386	8	and	and	CCONJ
ajfa-10871	386	9	industries	industry	NOUN
ajfa-10871	386	10	)	)	PUNCT
ajfa-10871	386	11	.	.	PUNCT
ajfa-10871	387	1	(	(	PUNCT
ajfa-10871	387	2	2008	2008	NUM
ajfa-10871	387	3	)	)	PUNCT
ajfa-10871	387	4	.	.	PUNCT
ajfa-10871	388	1	supply	supply	NOUN
ajfa-10871	388	2	and	and	CCONJ
ajfa-10871	388	3	demand	demand	NOUN
ajfa-10871	388	4	survey	survey	NOUN
ajfa-10871	388	5	on	on	ADP
ajfa-10871	388	6	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	388	7	and	and	CCONJ
ajfa-10871	388	8	natural	natural	ADJ
ajfa-10871	388	9	products	product	NOUN
ajfa-10871	388	10	bangladesh	bangladesh	NOUN
ajfa-10871	388	11	.	.	PUNCT
ajfa-10871	389	1	asia	asia	PROPN
ajfa-10871	389	2	health	health	PROPN
ajfa-10871	389	3	care	care	NOUN
ajfa-10871	389	4	.	.	PUNCT
ajfa-10871	390	1	malaysia	malaysia	PROPN
ajfa-10871	390	2	,	,	PUNCT
ajfa-10871	390	3	march	march	PROPN
ajfa-10871	390	4	,	,	PUNCT
ajfa-10871	390	5	2008	2008	NUM
ajfa-10871	390	6	.	.	PUNCT
ajfa-10871	391	1	international	international	ADJ
ajfa-10871	391	2	trade	trade	NOUN
ajfa-10871	391	3	centre	centre	NOUN
ajfa-10871	391	4	.	.	PUNCT
ajfa-10871	392	1	deangelo	deangelo	PROPN
ajfa-10871	392	2	,	,	PUNCT
ajfa-10871	392	3	h.	h.	PROPN
ajfa-10871	392	4	,	,	PUNCT
ajfa-10871	392	5	deangelo	deangelo	PROPN
ajfa-10871	392	6	,	,	PUNCT
ajfa-10871	392	7	l.	l.	PROPN
ajfa-10871	392	8	,	,	PUNCT
ajfa-10871	392	9	&	&	CCONJ
ajfa-10871	392	10	stulz	stulz	PROPN
ajfa-10871	392	11	,	,	PUNCT
ajfa-10871	392	12	r.	r.	PROPN
ajfa-10871	392	13	m.	m.	PROPN
ajfa-10871	392	14	(	(	PUNCT
ajfa-10871	392	15	2006	2006	NUM
ajfa-10871	392	16	)	)	PUNCT
ajfa-10871	392	17	.	.	PUNCT
ajfa-10871	393	1	dividend	dividend	NOUN
ajfa-10871	393	2	policy	policy	NOUN
ajfa-10871	393	3	and	and	CCONJ
ajfa-10871	393	4	the	the	DET
ajfa-10871	393	5	earned	earn	VERB
ajfa-10871	393	6	/	/	SYM
ajfa-10871	393	7	contributed	contribute	VERB
ajfa-10871	393	8	capital	capital	NOUN
ajfa-10871	393	9	mix	mix	NOUN
ajfa-10871	393	10	:	:	PUNCT
ajfa-10871	393	11	a	a	DET
ajfa-10871	393	12	test	test	NOUN
ajfa-10871	393	13	of	of	ADP
ajfa-10871	393	14	the	the	DET
ajfa-10871	393	15	life	life	NOUN
ajfa-10871	393	16	-	-	PUNCT
ajfa-10871	393	17	cycle	cycle	NOUN
ajfa-10871	393	18	theory	theory	NOUN
ajfa-10871	393	19	.	.	PUNCT
ajfa-10871	394	1	journal	journal	PROPN
ajfa-10871	394	2	of	of	ADP
ajfa-10871	394	3	financial	financial	ADJ
ajfa-10871	394	4	economics	economic	NOUN
ajfa-10871	394	5	,	,	PUNCT
ajfa-10871	394	6	81(2	81(2	NUM
ajfa-10871	394	7	)	)	PUNCT
ajfa-10871	394	8	,	,	PUNCT
ajfa-10871	394	9	227	227	NUM
ajfa-10871	394	10	-	-	SYM
ajfa-10871	394	11	254	254	NUM
ajfa-10871	394	12	.	.	PUNCT
ajfa-10871	395	1	https://doi.org/10.1016/j.jfineco.2005.07.005	https://doi.org/10.1016/j.jfineco.2005.07.005	NUM
ajfa-10871	395	2	denis	denis	PROPN
ajfa-10871	395	3	,	,	PUNCT
ajfa-10871	395	4	d.	d.	PROPN
ajfa-10871	395	5	j.	j.	PROPN
ajfa-10871	395	6	,	,	PUNCT
ajfa-10871	395	7	&	&	CCONJ
ajfa-10871	395	8	osobov	osobov	PROPN
ajfa-10871	395	9	,	,	PUNCT
ajfa-10871	395	10	i.	i.	NOUN
ajfa-10871	395	11	(	(	PUNCT
ajfa-10871	395	12	2008	2008	NUM
ajfa-10871	395	13	)	)	PUNCT
ajfa-10871	395	14	.	.	PUNCT
ajfa-10871	396	1	why	why	SCONJ
ajfa-10871	396	2	do	do	AUX
ajfa-10871	396	3	firms	firm	NOUN
ajfa-10871	396	4	pay	pay	VERB
ajfa-10871	396	5	dividends	dividend	NOUN
ajfa-10871	396	6	?	?	PUNCT
ajfa-10871	397	1	international	international	ADJ
ajfa-10871	397	2	evidence	evidence	NOUN
ajfa-10871	397	3	on	on	ADP
ajfa-10871	397	4	the	the	DET
ajfa-10871	397	5	determinants	determinant	NOUN
ajfa-10871	397	6	of	of	ADP
ajfa-10871	397	7	dividend	dividend	NOUN
ajfa-10871	397	8	policy	policy	NOUN
ajfa-10871	397	9	.	.	PUNCT
ajfa-10871	398	1	journal	journal	NOUN
ajfa-10871	398	2	of	of	ADP
ajfa-10871	398	3	financial	financial	ADJ
ajfa-10871	398	4	economics	economic	NOUN
ajfa-10871	398	5	,	,	PUNCT
ajfa-10871	398	6	89(1	89(1	NOUN
ajfa-10871	398	7	)	)	PUNCT
ajfa-10871	398	8	,	,	PUNCT
ajfa-10871	398	9	62	62	NUM
ajfa-10871	398	10	-	-	SYM
ajfa-10871	398	11	82	82	NUM
ajfa-10871	398	12	.	.	PUNCT
ajfa-10871	399	1	https://doi.org/10.1016/j.jfineco.2007.06.006	https://doi.org/10.1016/j.jfineco.2007.06.006	ADJ
ajfa-10871	399	2	dhanani	dhanani	NOUN
ajfa-10871	399	3	,	,	PUNCT
ajfa-10871	399	4	a.	a.	NOUN
ajfa-10871	399	5	(	(	PUNCT
ajfa-10871	399	6	2005	2005	NUM
ajfa-10871	399	7	)	)	PUNCT
ajfa-10871	399	8	.	.	PUNCT
ajfa-10871	400	1	corporate	corporate	ADJ
ajfa-10871	400	2	dividend	dividend	NOUN
ajfa-10871	400	3	policy	policy	NOUN
ajfa-10871	400	4	:	:	PUNCT
ajfa-10871	400	5	the	the	DET
ajfa-10871	400	6	views	view	NOUN
ajfa-10871	400	7	of	of	ADP
ajfa-10871	400	8	british	british	ADJ
ajfa-10871	400	9	financial	financial	ADJ
ajfa-10871	400	10	managers	manager	NOUN
ajfa-10871	400	11	.	.	PUNCT
ajfa-10871	401	1	journal	journal	PROPN
ajfa-10871	401	2	of	of	ADP
ajfa-10871	401	3	business	business	NOUN
ajfa-10871	401	4	finance	finance	PROPN
ajfa-10871	401	5	&	&	CCONJ
ajfa-10871	401	6	accounting	accounting	PROPN
ajfa-10871	401	7	,	,	PUNCT
ajfa-10871	401	8	32(7‐8	32(7‐8	NUM
ajfa-10871	401	9	)	)	PUNCT
ajfa-10871	401	10	,	,	PUNCT
ajfa-10871	401	11	1625	1625	NUM
ajfa-10871	401	12	-	-	SYM
ajfa-10871	401	13	1672	1672	NUM
ajfa-10871	401	14	.	.	PUNCT
ajfa-10871	402	1	https://doi.org/10.1111/j.0306-686x.2005.00643.x	https://doi.org/10.1111/j.0306-686x.2005.00643.x	DET
ajfa-10871	402	2	d’souza	d’souza	PROPN
ajfa-10871	402	3	,	,	PUNCT
ajfa-10871	402	4	j.	j.	PROPN
ajfa-10871	402	5	,	,	PUNCT
ajfa-10871	402	6	&	&	CCONJ
ajfa-10871	402	7	saxena	saxena	PROPN
ajfa-10871	402	8	,	,	PUNCT
ajfa-10871	402	9	a.	a.	PROPN
ajfa-10871	402	10	k.	k.	PROPN
ajfa-10871	402	11	(	(	PUNCT
ajfa-10871	402	12	1999	1999	NUM
ajfa-10871	402	13	)	)	PUNCT
ajfa-10871	402	14	.	.	PUNCT
ajfa-10871	403	1	agency	agency	NOUN
ajfa-10871	403	2	cost	cost	NOUN
ajfa-10871	403	3	,	,	PUNCT
ajfa-10871	403	4	market	market	NOUN
ajfa-10871	403	5	risk	risk	NOUN
ajfa-10871	403	6	,	,	PUNCT
ajfa-10871	403	7	investment	investment	NOUN
ajfa-10871	403	8	opportunities	opportunity	NOUN
ajfa-10871	403	9	and	and	CCONJ
ajfa-10871	403	10	dividend	dividend	NOUN
ajfa-10871	403	11	policy	policy	NOUN
ajfa-10871	403	12	–	–	PUNCT
ajfa-10871	403	13	an	an	DET
ajfa-10871	403	14	international	international	ADJ
ajfa-10871	403	15	perspective	perspective	NOUN
ajfa-10871	403	16	.	.	PUNCT
ajfa-10871	404	1	managerial	managerial	ADJ
ajfa-10871	404	2	finance	finance	NOUN
ajfa-10871	404	3	,	,	PUNCT
ajfa-10871	404	4	25(6	25(6	NOUN
ajfa-10871	404	5	)	)	PUNCT
ajfa-10871	404	6	,	,	PUNCT
ajfa-10871	404	7	35	35	NUM
ajfa-10871	404	8	-	-	SYM
ajfa-10871	404	9	43	43	NUM
ajfa-10871	404	10	.	.	PUNCT
ajfa-10871	405	1	https://doi.org/10.1108/03074359910765993	https://doi.org/10.1108/03074359910765993	X
ajfa-10871	405	2	fama	fama	PROPN
ajfa-10871	405	3	,	,	PUNCT
ajfa-10871	405	4	e.	e.	PROPN
ajfa-10871	405	5	f.	f.	PROPN
ajfa-10871	405	6	&	&	CCONJ
ajfa-10871	405	7	french	french	PROPN
ajfa-10871	405	8	,	,	PUNCT
ajfa-10871	405	9	k.	k.	PROPN
ajfa-10871	405	10	r.	r.	PROPN
ajfa-10871	405	11	(	(	PUNCT
ajfa-10871	405	12	2001	2001	NUM
ajfa-10871	405	13	)	)	PUNCT
ajfa-10871	405	14	.	.	PUNCT
ajfa-10871	406	1	disappearing	disappear	VERB
ajfa-10871	406	2	dividends	dividend	NOUN
ajfa-10871	406	3	:	:	PUNCT
ajfa-10871	406	4	changing	change	VERB
ajfa-10871	406	5	firm	firm	ADJ
ajfa-10871	406	6	characteristics	characteristic	NOUN
ajfa-10871	406	7	or	or	CCONJ
ajfa-10871	406	8	lower	low	ADJ
ajfa-10871	406	9	propensity	propensity	NOUN
ajfa-10871	406	10	to	to	PART
ajfa-10871	406	11	pay	pay	VERB
ajfa-10871	406	12	?	?	PUNCT
ajfa-10871	406	13	.	.	PUNCT
ajfa-10871	407	1	journal	journal	PROPN
ajfa-10871	407	2	of	of	ADP
ajfa-10871	407	3	financial	financial	ADJ
ajfa-10871	407	4	economics	economic	NOUN
ajfa-10871	407	5	,	,	PUNCT
ajfa-10871	407	6	60(1	60(1	NUM
ajfa-10871	407	7	)	)	PUNCT
ajfa-10871	407	8	,	,	PUNCT
ajfa-10871	407	9	3	3	NUM
ajfa-10871	407	10	-	-	SYM
ajfa-10871	407	11	43	43	NUM
ajfa-10871	407	12	.	.	PUNCT
ajfa-10871	408	1	https://doi.org/10.1016/s0304-405x(01)00038-1	https://doi.org/10.1016/s0304-405x(01)00038-1	PROPN
ajfa-10871	408	2	farsio	farsio	PROPN
ajfa-10871	408	3	,	,	PUNCT
ajfa-10871	408	4	f.	f.	PROPN
ajfa-10871	408	5	,	,	PUNCT
ajfa-10871	408	6	geary	geary	PROPN
ajfa-10871	408	7	,	,	PUNCT
ajfa-10871	408	8	a.	a.	PROPN
ajfa-10871	408	9	,	,	PUNCT
ajfa-10871	408	10	&	&	CCONJ
ajfa-10871	408	11	moser	moser	PROPN
ajfa-10871	408	12	,	,	PUNCT
ajfa-10871	408	13	j.	j.	PROPN
ajfa-10871	408	14	(	(	PUNCT
ajfa-10871	408	15	2004	2004	NUM
ajfa-10871	408	16	)	)	PUNCT
ajfa-10871	408	17	.	.	PUNCT
ajfa-10871	409	1	the	the	DET
ajfa-10871	409	2	relationship	relationship	NOUN
ajfa-10871	409	3	between	between	ADP
ajfa-10871	409	4	dividends	dividend	NOUN
ajfa-10871	409	5	and	and	CCONJ
ajfa-10871	409	6	earnings	earning	NOUN
ajfa-10871	409	7	.	.	PUNCT
ajfa-10871	410	1	journal	journal	PROPN
ajfa-10871	410	2	for	for	ADP
ajfa-10871	410	3	economic	economic	ADJ
ajfa-10871	410	4	educators	educator	NOUN
ajfa-10871	410	5	,	,	PUNCT
ajfa-10871	410	6	4(4	4(4	NUM
ajfa-10871	410	7	)	)	PUNCT
ajfa-10871	410	8	,	,	PUNCT
ajfa-10871	410	9	1	1	NUM
ajfa-10871	410	10	-	-	SYM
ajfa-10871	410	11	5	5	NUM
ajfa-10871	410	12	.	.	PUNCT
ajfa-10871	410	13	faulkender	faulkender	NOUN
ajfa-10871	410	14	,	,	PUNCT
ajfa-10871	410	15	m.	m.	NOUN
ajfa-10871	410	16	,	,	PUNCT
ajfa-10871	410	17	milbourn	milbourn	NOUN
ajfa-10871	410	18	,	,	PUNCT
ajfa-10871	410	19	t.	t.	PROPN
ajfa-10871	410	20	&	&	CCONJ
ajfa-10871	410	21	thakor	thakor	PROPN
ajfa-10871	410	22	,	,	PUNCT
ajfa-10871	410	23	a.	a.	NOUN
ajfa-10871	410	24	(	(	PUNCT
ajfa-10871	410	25	2006	2006	NUM
ajfa-10871	410	26	,	,	PUNCT
ajfa-10871	410	27	march	march	PROPN
ajfa-10871	410	28	)	)	PUNCT
ajfa-10871	410	29	.	.	PUNCT
ajfa-10871	411	1	capital	capital	NOUN
ajfa-10871	411	2	structure	structure	NOUN
ajfa-10871	411	3	and	and	CCONJ
ajfa-10871	411	4	dividend	dividend	NOUN
ajfa-10871	411	5	policy	policy	NOUN
ajfa-10871	411	6	:	:	PUNCT
ajfa-10871	411	7	two	two	NUM
ajfa-10871	411	8	sides	side	NOUN
ajfa-10871	411	9	of	of	ADP
ajfa-10871	411	10	the	the	DET
ajfa-10871	411	11	same	same	ADJ
ajfa-10871	411	12	coin	coin	NOUN
ajfa-10871	411	13	.	.	PUNCT
ajfa-10871	412	1	in	in	ADP
ajfa-10871	412	2	seminar	seminar	NOUN
ajfa-10871	412	3	participants	participant	NOUN
ajfa-10871	412	4	at	at	ADP
ajfa-10871	412	5	washington	washington	PROPN
ajfa-10871	412	6	university	university	PROPN
ajfa-10871	412	7	march	march	PROPN
ajfa-10871	412	8	(	(	PUNCT
ajfa-10871	412	9	vol	vol	NOUN
ajfa-10871	412	10	.	.	PROPN
ajfa-10871	412	11	30	30	NUM
ajfa-10871	412	12	)	)	PUNCT
ajfa-10871	412	13	.	.	PUNCT
ajfa-10871	413	1	gaver	gaver	PROPN
ajfa-10871	413	2	,	,	PUNCT
ajfa-10871	413	3	j.	j.	PROPN
ajfa-10871	413	4	j.	j.	PROPN
ajfa-10871	413	5	&	&	CCONJ
ajfa-10871	413	6	gaver	gaver	PROPN
ajfa-10871	413	7	,	,	PUNCT
ajfa-10871	413	8	k.	k.	PROPN
ajfa-10871	413	9	m.	m.	PROPN
ajfa-10871	413	10	(	(	PUNCT
ajfa-10871	413	11	1993	1993	NUM
ajfa-10871	413	12	)	)	PUNCT
ajfa-10871	413	13	.	.	PUNCT
ajfa-10871	414	1	additional	additional	ADJ
ajfa-10871	414	2	evidence	evidence	NOUN
ajfa-10871	414	3	on	on	ADP
ajfa-10871	414	4	the	the	DET
ajfa-10871	414	5	association	association	NOUN
ajfa-10871	414	6	between	between	ADP
ajfa-10871	414	7	the	the	DET
ajfa-10871	414	8	investment	investment	NOUN
ajfa-10871	414	9	opportunity	opportunity	NOUN
ajfa-10871	414	10	set	set	NOUN
ajfa-10871	414	11	and	and	CCONJ
ajfa-10871	414	12	corporate	corporate	ADJ
ajfa-10871	414	13	financing	financing	NOUN
ajfa-10871	414	14	,	,	PUNCT
ajfa-10871	414	15	dividend	dividend	NOUN
ajfa-10871	414	16	,	,	PUNCT
ajfa-10871	414	17	and	and	CCONJ
ajfa-10871	414	18	compensation	compensation	NOUN
ajfa-10871	414	19	policies	policy	NOUN
ajfa-10871	414	20	.	.	PUNCT
ajfa-10871	415	1	journal	journal	NOUN
ajfa-10871	415	2	of	of	ADP
ajfa-10871	415	3	accounting	accounting	NOUN
ajfa-10871	415	4	and	and	CCONJ
ajfa-10871	415	5	economics	economic	NOUN
ajfa-10871	415	6	,	,	PUNCT
ajfa-10871	415	7	16(1	16(1	PROPN
ajfa-10871	415	8	-	-	SYM
ajfa-10871	415	9	3	3	NUM
ajfa-10871	415	10	)	)	PUNCT
ajfa-10871	415	11	,	,	PUNCT
ajfa-10871	415	12	125	125	NUM
ajfa-10871	415	13	-	-	SYM
ajfa-10871	415	14	160	160	NUM
ajfa-10871	415	15	.	.	PUNCT
ajfa-10871	416	1	https://doi.org/10.1016/0165-4101(93)90007-3	https://doi.org/10.1016/0165-4101(93)90007-3	PROPN
ajfa-10871	416	2	gillet	gillet	PROPN
ajfa-10871	416	3	,	,	PUNCT
ajfa-10871	416	4	r.	r.	PROPN
ajfa-10871	416	5	,	,	PUNCT
ajfa-10871	416	6	lapointe	lapointe	PROPN
ajfa-10871	416	7	,	,	PUNCT
ajfa-10871	416	8	m.	m.	NOUN
ajfa-10871	416	9	a.	a.	PROPN
ajfa-10871	416	10	&	&	CCONJ
ajfa-10871	416	11	raimbourg	raimbourg	PROPN
ajfa-10871	416	12	,	,	PUNCT
ajfa-10871	416	13	p.	p.	NOUN
ajfa-10871	416	14	(	(	PUNCT
ajfa-10871	416	15	2008	2008	NUM
ajfa-10871	416	16	)	)	PUNCT
ajfa-10871	416	17	.	.	PUNCT
ajfa-10871	417	1	dividend	dividend	NOUN
ajfa-10871	417	2	policy	policy	NOUN
ajfa-10871	417	3	and	and	CCONJ
ajfa-10871	417	4	reputation	reputation	NOUN
ajfa-10871	417	5	.	.	PUNCT
ajfa-10871	418	1	journal	journal	NOUN
ajfa-10871	418	2	of	of	ADP
ajfa-10871	418	3	business	business	NOUN
ajfa-10871	418	4	finance	finance	PROPN
ajfa-10871	418	5	&	&	CCONJ
ajfa-10871	418	6	accounting	accounting	PROPN
ajfa-10871	418	7	,	,	PUNCT
ajfa-10871	418	8	35(3‐4	35(3‐4	NUM
ajfa-10871	418	9	)	)	PUNCT
ajfa-10871	418	10	,	,	PUNCT
ajfa-10871	418	11	516	516	NUM
ajfa-10871	418	12	-	-	SYM
ajfa-10871	418	13	540	540	NUM
ajfa-10871	418	14	.	.	PUNCT
ajfa-10871	419	1	https://doi.org/10.1111/j.1468-5957.2008.02074.x	https://doi.org/10.1111/j.1468-5957.2008.02074.x	PROPN
ajfa-10871	419	2	gitman	gitman	PROPN
ajfa-10871	419	3	,	,	PUNCT
ajfa-10871	419	4	l.	l.	PROPN
ajfa-10871	419	5	(	(	PUNCT
ajfa-10871	419	6	2009	2009	NUM
ajfa-10871	419	7	)	)	PUNCT
ajfa-10871	419	8	.	.	PUNCT
ajfa-10871	420	1	principles	principle	NOUN
ajfa-10871	420	2	of	of	ADP
ajfa-10871	420	3	managerial	managerial	ADJ
ajfa-10871	420	4	finance	finance	NOUN
ajfa-10871	420	5	.	.	PUNCT
ajfa-10871	421	1	pearson	pearson	PROPN
ajfa-10871	421	2	higher	high	ADJ
ajfa-10871	421	3	education	education	NOUN
ajfa-10871	421	4	.	.	PUNCT
ajfa-10871	422	1	gordon	gordon	PROPN
ajfa-10871	422	2	,	,	PUNCT
ajfa-10871	422	3	m.	m.	NOUN
ajfa-10871	422	4	j.	j.	PROPN
ajfa-10871	422	5	,	,	PUNCT
ajfa-10871	422	6	&	&	CCONJ
ajfa-10871	422	7	shapiro	shapiro	PROPN
ajfa-10871	422	8	,	,	PUNCT
ajfa-10871	422	9	e.	e.	PROPN
ajfa-10871	422	10	(	(	PUNCT
ajfa-10871	422	11	1956	1956	NUM
ajfa-10871	422	12	)	)	PUNCT
ajfa-10871	422	13	.	.	PUNCT
ajfa-10871	423	1	capital	capital	NOUN
ajfa-10871	423	2	equipment	equipment	NOUN
ajfa-10871	423	3	analysis	analysis	NOUN
ajfa-10871	423	4	:	:	PUNCT
ajfa-10871	423	5	the	the	DET
ajfa-10871	423	6	required	require	VERB
ajfa-10871	423	7	rate	rate	NOUN
ajfa-10871	423	8	of	of	ADP
ajfa-10871	423	9	profit	profit	NOUN
ajfa-10871	423	10	.	.	PUNCT
ajfa-10871	424	1	management	management	NOUN
ajfa-10871	424	2	science	science	NOUN
ajfa-10871	424	3	,	,	PUNCT
ajfa-10871	424	4	3(1	3(1	NUM
ajfa-10871	424	5	)	)	PUNCT
ajfa-10871	424	6	,	,	PUNCT
ajfa-10871	424	7	102	102	NUM
ajfa-10871	424	8	-	-	SYM
ajfa-10871	424	9	110	110	NUM
ajfa-10871	424	10	.	.	PUNCT
ajfa-10871	425	1	https://doi.org/10.1287/mnsc.3.1.102	https://doi.org/10.1287/mnsc.3.1.102	PROPN
ajfa-10871	425	2	asian	asian	ADJ
ajfa-10871	425	3	journal	journal	NOUN
ajfa-10871	425	4	of	of	ADP
ajfa-10871	425	5	finance	finance	PROPN
ajfa-10871	425	6	&	&	CCONJ
ajfa-10871	425	7	accounting	accounting	PROPN
ajfa-10871	425	8	issn	issn	PROPN
ajfa-10871	425	9	1946	1946	NUM
ajfa-10871	425	10	-	-	PUNCT
ajfa-10871	425	11	052x	052x	PROPN
ajfa-10871	425	12	2017	2017	NUM
ajfa-10871	425	13	,	,	PUNCT
ajfa-10871	425	14	vol	vol	NOUN
ajfa-10871	425	15	.	.	NOUN
ajfa-10871	425	16	9	9	NUM
ajfa-10871	425	17	,	,	PUNCT
ajfa-10871	425	18	no	no	INTJ
ajfa-10871	425	19	.	.	NOUN
ajfa-10871	425	20	1	1	NUM
ajfa-10871	425	21	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-10871	425	22	188	188	NUM
ajfa-10871	425	23	gordon	gordon	PROPN
ajfa-10871	425	24	,	,	PUNCT
ajfa-10871	425	25	m.	m.	NOUN
ajfa-10871	425	26	j.	j.	PROPN
ajfa-10871	425	27	(	(	PUNCT
ajfa-10871	425	28	1959	1959	NUM
ajfa-10871	425	29	)	)	PUNCT
ajfa-10871	425	30	.	.	PUNCT
ajfa-10871	426	1	dividends	dividend	NOUN
ajfa-10871	426	2	,	,	PUNCT
ajfa-10871	426	3	earnings	earning	NOUN
ajfa-10871	426	4	,	,	PUNCT
ajfa-10871	426	5	and	and	CCONJ
ajfa-10871	426	6	stock	stock	NOUN
ajfa-10871	426	7	prices	price	NOUN
ajfa-10871	426	8	.	.	PUNCT
ajfa-10871	427	1	the	the	DET
ajfa-10871	427	2	review	review	NOUN
ajfa-10871	427	3	of	of	ADP
ajfa-10871	427	4	economics	economic	NOUN
ajfa-10871	427	5	and	and	CCONJ
ajfa-10871	427	6	statistics	statistic	NOUN
ajfa-10871	427	7	,	,	PUNCT
ajfa-10871	427	8	99	99	NUM
ajfa-10871	427	9	-	-	SYM
ajfa-10871	427	10	105	105	NUM
ajfa-10871	427	11	.	.	PUNCT
ajfa-10871	428	1	https://doi.org/10.2307/1927792	https://doi.org/10.2307/1927792	NOUN
ajfa-10871	428	2	gunasekarage	gunasekarage	NOUN
ajfa-10871	428	3	,	,	PUNCT
ajfa-10871	428	4	a.	a.	NOUN
ajfa-10871	428	5	,	,	PUNCT
ajfa-10871	428	6	&	&	CCONJ
ajfa-10871	428	7	power	power	NOUN
ajfa-10871	428	8	,	,	PUNCT
ajfa-10871	428	9	d.	d.	PROPN
ajfa-10871	428	10	m.	m.	PROPN
ajfa-10871	428	11	(	(	PUNCT
ajfa-10871	428	12	2006	2006	NUM
ajfa-10871	428	13	)	)	PUNCT
ajfa-10871	428	14	.	.	PUNCT
ajfa-10871	429	1	anomalous	anomalous	ADJ
ajfa-10871	429	2	evidence	evidence	NOUN
ajfa-10871	429	3	in	in	ADP
ajfa-10871	429	4	dividend	dividend	NOUN
ajfa-10871	429	5	announcement	announcement	NOUN
ajfa-10871	429	6	effect	effect	NOUN
ajfa-10871	429	7	.	.	PUNCT
ajfa-10871	430	1	managerial	managerial	ADJ
ajfa-10871	430	2	finance	finance	NOUN
ajfa-10871	430	3	,	,	PUNCT
ajfa-10871	430	4	32(3	32(3	NUM
ajfa-10871	430	5	)	)	PUNCT
ajfa-10871	430	6	,	,	PUNCT
ajfa-10871	430	7	209	209	NUM
ajfa-10871	430	8	-	-	SYM
ajfa-10871	430	9	226	226	NUM
ajfa-10871	430	10	.	.	PUNCT
ajfa-10871	430	11	https://doi.org/10.1108/03074350610646726	https://doi.org/10.1108/03074350610646726	PROPN
ajfa-10871	430	12	gupta	gupta	PROPN
ajfa-10871	430	13	,	,	PUNCT
ajfa-10871	430	14	a.	a.	NOUN
ajfa-10871	430	15	,	,	PUNCT
ajfa-10871	430	16	&	&	CCONJ
ajfa-10871	430	17	banga	banga	PROPN
ajfa-10871	430	18	,	,	PUNCT
ajfa-10871	430	19	c.	c.	PROPN
ajfa-10871	430	20	(	(	PUNCT
ajfa-10871	430	21	2010	2010	NUM
ajfa-10871	430	22	)	)	PUNCT
ajfa-10871	430	23	.	.	PUNCT
ajfa-10871	431	1	the	the	DET
ajfa-10871	431	2	determinants	determinant	NOUN
ajfa-10871	431	3	of	of	ADP
ajfa-10871	431	4	dividend	dividend	NOUN
ajfa-10871	431	5	policy	policy	NOUN
ajfa-10871	431	6	.	.	PUNCT
ajfa-10871	432	1	indian	indian	PROPN
ajfa-10871	432	2	institute	institute	PROPN
ajfa-10871	432	3	of	of	ADP
ajfa-10871	432	4	management	management	NOUN
ajfa-10871	432	5	calcutta	calcutta	NOUN
ajfa-10871	432	6	,	,	PUNCT
ajfa-10871	432	7	37	37	NUM
ajfa-10871	432	8	(	(	PUNCT
ajfa-10871	432	9	2	2	NUM
ajfa-10871	432	10	)	)	PUNCT
ajfa-10871	432	11	,	,	PUNCT
ajfa-10871	432	12	63	63	NUM
ajfa-10871	432	13	-	-	SYM
ajfa-10871	432	14	77	77	NUM
ajfa-10871	432	15	.	.	PUNCT
ajfa-10871	433	1	habib	habib	PROPN
ajfa-10871	433	2	,	,	PUNCT
ajfa-10871	433	3	m.	m.	NOUN
ajfa-10871	433	4	a.	a.	PROPN
ajfa-10871	433	5	,	,	PUNCT
ajfa-10871	433	6	&	&	CCONJ
ajfa-10871	433	7	alam	alam	PROPN
ajfa-10871	433	8	,	,	PUNCT
ajfa-10871	433	9	m.	m.	NOUN
ajfa-10871	433	10	z.	z.	PROPN
ajfa-10871	433	11	(	(	PUNCT
ajfa-10871	433	12	2011	2011	NUM
ajfa-10871	433	13	)	)	PUNCT
ajfa-10871	433	14	.	.	PUNCT
ajfa-10871	434	1	business	business	NOUN
ajfa-10871	434	2	analysis	analysis	NOUN
ajfa-10871	434	3	of	of	ADP
ajfa-10871	434	4	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	434	5	firms	firm	NOUN
ajfa-10871	434	6	in	in	ADP
ajfa-10871	434	7	bangladesh	bangladesh	NOUN
ajfa-10871	434	8	:	:	PUNCT
ajfa-10871	434	9	problems	problem	NOUN
ajfa-10871	434	10	and	and	CCONJ
ajfa-10871	434	11	prospects	prospect	NOUN
ajfa-10871	434	12	.	.	PUNCT
ajfa-10871	435	1	journal	journal	NOUN
ajfa-10871	435	2	of	of	ADP
ajfa-10871	435	3	business	business	NOUN
ajfa-10871	435	4	and	and	CCONJ
ajfa-10871	435	5	technology	technology	NOUN
ajfa-10871	435	6	(	(	PUNCT
ajfa-10871	435	7	dhaka	dhaka	PROPN
ajfa-10871	435	8	)	)	PUNCT
ajfa-10871	435	9	,	,	PUNCT
ajfa-10871	435	10	6(1	6(1	NUM
ajfa-10871	435	11	)	)	PUNCT
ajfa-10871	435	12	,	,	PUNCT
ajfa-10871	435	13	61	61	NUM
ajfa-10871	435	14	-	-	SYM
ajfa-10871	435	15	77	77	NUM
ajfa-10871	435	16	.	.	PUNCT
ajfa-10871	436	1	han	han	PROPN
ajfa-10871	436	2	,	,	PUNCT
ajfa-10871	436	3	k.	k.	PROPN
ajfa-10871	436	4	c.	c.	PROPN
ajfa-10871	436	5	,	,	PUNCT
ajfa-10871	436	6	lee	lee	PROPN
ajfa-10871	436	7	,	,	PUNCT
ajfa-10871	436	8	s.	s.	PROPN
ajfa-10871	436	9	h.	h.	PROPN
ajfa-10871	436	10	,	,	PUNCT
ajfa-10871	436	11	&	&	CCONJ
ajfa-10871	436	12	suk	suk	PROPN
ajfa-10871	436	13	,	,	PUNCT
ajfa-10871	436	14	d.	d.	PROPN
ajfa-10871	436	15	y.	y.	PROPN
ajfa-10871	436	16	(	(	PUNCT
ajfa-10871	436	17	1999	1999	NUM
ajfa-10871	436	18	)	)	PUNCT
ajfa-10871	436	19	.	.	PUNCT
ajfa-10871	437	1	institutional	institutional	ADJ
ajfa-10871	437	2	shareholders	shareholder	NOUN
ajfa-10871	437	3	and	and	CCONJ
ajfa-10871	437	4	dividends	dividend	NOUN
ajfa-10871	437	5	.	.	PUNCT
ajfa-10871	438	1	journal	journal	NOUN
ajfa-10871	438	2	of	of	ADP
ajfa-10871	438	3	financial	financial	ADJ
ajfa-10871	438	4	and	and	CCONJ
ajfa-10871	438	5	strategic	strategic	ADJ
ajfa-10871	438	6	decisions	decision	NOUN
ajfa-10871	438	7	,	,	PUNCT
ajfa-10871	438	8	12(1	12(1	NUM
ajfa-10871	438	9	)	)	PUNCT
ajfa-10871	438	10	,	,	PUNCT
ajfa-10871	438	11	53	53	NUM
ajfa-10871	438	12	-	-	SYM
ajfa-10871	438	13	62	62	NUM
ajfa-10871	438	14	.	.	PUNCT
ajfa-10871	439	1	hardin	hardin	PROPN
ajfa-10871	439	2	iii	iii	PROPN
ajfa-10871	439	3	,	,	PUNCT
ajfa-10871	439	4	w.	w.	PROPN
ajfa-10871	439	5	,	,	PUNCT
ajfa-10871	439	6	&	&	CCONJ
ajfa-10871	439	7	hill	hill	PROPN
ajfa-10871	439	8	,	,	PUNCT
ajfa-10871	439	9	m.	m.	PROPN
ajfa-10871	439	10	d.	d.	PROPN
ajfa-10871	439	11	(	(	PUNCT
ajfa-10871	439	12	2008	2008	NUM
ajfa-10871	439	13	)	)	PUNCT
ajfa-10871	439	14	.	.	PUNCT
ajfa-10871	440	1	reit	reit	PROPN
ajfa-10871	440	2	dividend	dividend	NOUN
ajfa-10871	440	3	determinants	determinant	NOUN
ajfa-10871	440	4	:	:	PUNCT
ajfa-10871	440	5	excess	excess	ADJ
ajfa-10871	440	6	dividends	dividend	NOUN
ajfa-10871	440	7	and	and	CCONJ
ajfa-10871	440	8	capital	capital	NOUN
ajfa-10871	440	9	markets	market	NOUN
ajfa-10871	440	10	.	.	PUNCT
ajfa-10871	441	1	real	real	ADJ
ajfa-10871	441	2	estate	estate	NOUN
ajfa-10871	441	3	economics	economic	NOUN
ajfa-10871	441	4	,	,	PUNCT
ajfa-10871	441	5	36(2	36(2	NUM
ajfa-10871	441	6	)	)	PUNCT
ajfa-10871	441	7	,	,	PUNCT
ajfa-10871	441	8	349	349	NUM
ajfa-10871	441	9	-	-	SYM
ajfa-10871	441	10	369	369	NUM
ajfa-10871	441	11	.	.	PUNCT
ajfa-10871	442	1	https://doi.org/10.1111/j.1540-6229.2008.00216.x	https://doi.org/10.1111/j.1540-6229.2008.00216.x	VERB
ajfa-10871	442	2	higgins	higgins	PROPN
ajfa-10871	442	3	,	,	PUNCT
ajfa-10871	442	4	r.	r.	PROPN
ajfa-10871	442	5	c.	c.	PROPN
ajfa-10871	442	6	(	(	PUNCT
ajfa-10871	442	7	1981	1981	NUM
ajfa-10871	442	8	)	)	PUNCT
ajfa-10871	442	9	.	.	PUNCT
ajfa-10871	443	1	sustainable	sustainable	ADJ
ajfa-10871	443	2	growth	growth	NOUN
ajfa-10871	443	3	under	under	ADP
ajfa-10871	443	4	inflation	inflation	NOUN
ajfa-10871	443	5	.	.	PUNCT
ajfa-10871	444	1	financial	financial	ADJ
ajfa-10871	444	2	management	management	NOUN
ajfa-10871	444	3	,	,	PUNCT
ajfa-10871	444	4	36	36	NUM
ajfa-10871	444	5	-	-	SYM
ajfa-10871	444	6	40	40	NUM
ajfa-10871	444	7	.	.	PUNCT
ajfa-10871	445	1	https://doi.org/10.2307/3665217	https://doi.org/10.2307/3665217	PROPN
ajfa-10871	445	2	holder	holder	NOUN
ajfa-10871	445	3	,	,	PUNCT
ajfa-10871	445	4	m.	m.	PROPN
ajfa-10871	445	5	e.	e.	PROPN
ajfa-10871	445	6	,	,	PUNCT
ajfa-10871	445	7	langrehr	langrehr	NOUN
ajfa-10871	445	8	,	,	PUNCT
ajfa-10871	445	9	f.	f.	PROPN
ajfa-10871	445	10	w.	w.	PROPN
ajfa-10871	445	11	,	,	PUNCT
ajfa-10871	445	12	&	&	CCONJ
ajfa-10871	445	13	hexter	hexter	PROPN
ajfa-10871	445	14	,	,	PUNCT
ajfa-10871	445	15	j.	j.	PROPN
ajfa-10871	445	16	l.	l.	PROPN
ajfa-10871	445	17	(	(	PUNCT
ajfa-10871	445	18	1998	1998	NUM
ajfa-10871	445	19	)	)	PUNCT
ajfa-10871	445	20	.	.	PUNCT
ajfa-10871	446	1	dividend	dividend	NOUN
ajfa-10871	446	2	policy	policy	NOUN
ajfa-10871	446	3	determinants	determinant	NOUN
ajfa-10871	446	4	:	:	PUNCT
ajfa-10871	446	5	an	an	DET
ajfa-10871	446	6	investigation	investigation	NOUN
ajfa-10871	446	7	of	of	ADP
ajfa-10871	446	8	the	the	DET
ajfa-10871	446	9	influences	influence	NOUN
ajfa-10871	446	10	of	of	ADP
ajfa-10871	446	11	stakeholder	stakeholder	NOUN
ajfa-10871	446	12	theory	theory	NOUN
ajfa-10871	446	13	.	.	PUNCT
ajfa-10871	447	1	financial	financial	ADJ
ajfa-10871	447	2	management	management	NOUN
ajfa-10871	447	3	,	,	PUNCT
ajfa-10871	447	4	73	73	NUM
ajfa-10871	447	5	-	-	SYM
ajfa-10871	447	6	82	82	NUM
ajfa-10871	447	7	.	.	PUNCT
ajfa-10871	448	1	https://doi.org/10.2307/3666276	https://doi.org/10.2307/3666276	ADJ
ajfa-10871	448	2	howatt	howatt	NOUN
ajfa-10871	448	3	,	,	PUNCT
ajfa-10871	448	4	b.	b.	PROPN
ajfa-10871	448	5	,	,	PUNCT
ajfa-10871	448	6	zuber	zuber	PROPN
ajfa-10871	448	7	,	,	PUNCT
ajfa-10871	448	8	r.	r.	PROPN
ajfa-10871	448	9	a.	a.	PROPN
ajfa-10871	448	10	,	,	PUNCT
ajfa-10871	448	11	gandar	gandar	PROPN
ajfa-10871	448	12	,	,	PUNCT
ajfa-10871	448	13	j.	j.	PROPN
ajfa-10871	448	14	m.	m.	PROPN
ajfa-10871	448	15	,	,	PUNCT
ajfa-10871	448	16	&	&	CCONJ
ajfa-10871	448	17	lamb	lamb	PROPN
ajfa-10871	448	18	,	,	PUNCT
ajfa-10871	448	19	r.	r.	PROPN
ajfa-10871	448	20	p.	p.	PROPN
ajfa-10871	448	21	(	(	PUNCT
ajfa-10871	448	22	2009	2009	NUM
ajfa-10871	448	23	)	)	PUNCT
ajfa-10871	448	24	.	.	PUNCT
ajfa-10871	449	1	dividends	dividend	NOUN
ajfa-10871	449	2	,	,	PUNCT
ajfa-10871	449	3	earnings	earning	NOUN
ajfa-10871	449	4	volatility	volatility	NOUN
ajfa-10871	449	5	and	and	CCONJ
ajfa-10871	449	6	information	information	NOUN
ajfa-10871	449	7	.	.	PUNCT
ajfa-10871	450	1	applied	apply	VERB
ajfa-10871	450	2	financial	financial	ADJ
ajfa-10871	450	3	economics	economic	NOUN
ajfa-10871	450	4	,	,	PUNCT
ajfa-10871	450	5	19(7	19(7	PROPN
ajfa-10871	450	6	)	)	PUNCT
ajfa-10871	450	7	,	,	PUNCT
ajfa-10871	450	8	551	551	NUM
ajfa-10871	450	9	-	-	SYM
ajfa-10871	450	10	562	562	NUM
ajfa-10871	450	11	.	.	PUNCT
ajfa-10871	451	1	https://doi.org/10.1080/09603100802345397	https://doi.org/10.1080/09603100802345397	ADP
ajfa-10871	451	2	islam	islam	PROPN
ajfa-10871	451	3	,	,	PUNCT
ajfa-10871	451	4	m.	m.	NOUN
ajfa-10871	451	5	n.	n.	PROPN
ajfa-10871	451	6	,	,	PUNCT
ajfa-10871	451	7	&	&	CCONJ
ajfa-10871	451	8	mili	mili	PROPN
ajfa-10871	451	9	,	,	PUNCT
ajfa-10871	451	10	s.	s.	PROPN
ajfa-10871	451	11	a.	a.	PROPN
ajfa-10871	451	12	(	(	PUNCT
ajfa-10871	451	13	2012	2012	NUM
ajfa-10871	451	14	)	)	PUNCT
ajfa-10871	451	15	.	.	PUNCT
ajfa-10871	452	1	financial	financial	ADJ
ajfa-10871	452	2	diagnosis	diagnosis	NOUN
ajfa-10871	452	3	of	of	ADP
ajfa-10871	452	4	selected	select	VERB
ajfa-10871	452	5	listed	list	VERB
ajfa-10871	452	6	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	452	7	companies	company	NOUN
ajfa-10871	452	8	in	in	ADP
ajfa-10871	452	9	bangladesh	bangladesh	PROPN
ajfa-10871	452	10	.	.	PUNCT
ajfa-10871	453	1	european	european	PROPN
ajfa-10871	453	2	journal	journal	PROPN
ajfa-10871	453	3	of	of	ADP
ajfa-10871	453	4	business	business	NOUN
ajfa-10871	453	5	and	and	CCONJ
ajfa-10871	453	6	management	management	NOUN
ajfa-10871	453	7	,	,	PUNCT
ajfa-10871	453	8	4(4	4(4	NUM
ajfa-10871	453	9	)	)	PUNCT
ajfa-10871	453	10	,	,	PUNCT
ajfa-10871	453	11	70	70	NUM
ajfa-10871	453	12	-	-	SYM
ajfa-10871	453	13	88	88	NUM
ajfa-10871	453	14	.	.	PUNCT
ajfa-10871	454	1	jensen	jensen	PROPN
ajfa-10871	454	2	,	,	PUNCT
ajfa-10871	454	3	g.	g.	PROPN
ajfa-10871	454	4	r.	r.	PROPN
ajfa-10871	454	5	,	,	PUNCT
ajfa-10871	454	6	solberg	solberg	PROPN
ajfa-10871	454	7	,	,	PUNCT
ajfa-10871	454	8	d.	d.	PROPN
ajfa-10871	454	9	p.	p.	PROPN
ajfa-10871	454	10	,	,	PUNCT
ajfa-10871	454	11	&	&	CCONJ
ajfa-10871	454	12	zorn	zorn	PROPN
ajfa-10871	454	13	,	,	PUNCT
ajfa-10871	454	14	t.	t.	PROPN
ajfa-10871	454	15	s.	s.	PROPN
ajfa-10871	454	16	(	(	PUNCT
ajfa-10871	454	17	1992	1992	NUM
ajfa-10871	454	18	)	)	PUNCT
ajfa-10871	454	19	.	.	PUNCT
ajfa-10871	455	1	simultaneous	simultaneous	ADJ
ajfa-10871	455	2	determination	determination	NOUN
ajfa-10871	455	3	of	of	ADP
ajfa-10871	455	4	insider	insider	NOUN
ajfa-10871	455	5	ownership	ownership	NOUN
ajfa-10871	455	6	,	,	PUNCT
ajfa-10871	455	7	debt	debt	NOUN
ajfa-10871	455	8	,	,	PUNCT
ajfa-10871	455	9	and	and	CCONJ
ajfa-10871	455	10	dividend	dividend	NOUN
ajfa-10871	455	11	policies	policy	NOUN
ajfa-10871	455	12	.	.	PUNCT
ajfa-10871	456	1	journal	journal	NOUN
ajfa-10871	456	2	of	of	ADP
ajfa-10871	456	3	financial	financial	ADJ
ajfa-10871	456	4	and	and	CCONJ
ajfa-10871	456	5	quantitative	quantitative	ADJ
ajfa-10871	456	6	analysis	analysis	NOUN
ajfa-10871	456	7	,	,	PUNCT
ajfa-10871	456	8	27(02	27(02	NOUN
ajfa-10871	456	9	)	)	PUNCT
ajfa-10871	456	10	,	,	PUNCT
ajfa-10871	456	11	247	247	NUM
ajfa-10871	456	12	-	-	SYM
ajfa-10871	456	13	263	263	NUM
ajfa-10871	456	14	.	.	PUNCT
ajfa-10871	457	1	https://doi.org/10.2307/2331370	https://doi.org/10.2307/2331370	X
ajfa-10871	458	1	jensen	jensen	PROPN
ajfa-10871	458	2	,	,	PUNCT
ajfa-10871	458	3	m.	m.	PROPN
ajfa-10871	458	4	c.	c.	PROPN
ajfa-10871	458	5	(	(	PUNCT
ajfa-10871	458	6	1986	1986	NUM
ajfa-10871	458	7	)	)	PUNCT
ajfa-10871	458	8	.	.	PUNCT
ajfa-10871	459	1	agency	agency	NOUN
ajfa-10871	459	2	costs	cost	NOUN
ajfa-10871	459	3	of	of	ADP
ajfa-10871	459	4	free	free	ADJ
ajfa-10871	459	5	cash	cash	NOUN
ajfa-10871	459	6	flow	flow	NOUN
ajfa-10871	459	7	,	,	PUNCT
ajfa-10871	459	8	corporate	corporate	ADJ
ajfa-10871	459	9	finance	finance	NOUN
ajfa-10871	459	10	,	,	PUNCT
ajfa-10871	459	11	and	and	CCONJ
ajfa-10871	459	12	takeovers	takeover	NOUN
ajfa-10871	459	13	.	.	PUNCT
ajfa-10871	460	1	the	the	DET
ajfa-10871	460	2	american	american	PROPN
ajfa-10871	460	3	economic	economic	PROPN
ajfa-10871	460	4	review	review	PROPN
ajfa-10871	460	5	,	,	PUNCT
ajfa-10871	460	6	76(2	76(2	NUM
ajfa-10871	460	7	)	)	PUNCT
ajfa-10871	460	8	,	,	PUNCT
ajfa-10871	460	9	323	323	NUM
ajfa-10871	460	10	-	-	SYM
ajfa-10871	460	11	329	329	NUM
ajfa-10871	460	12	.	.	PUNCT
ajfa-10871	461	1	juma'h	juma'h	NUM
ajfa-10871	461	2	,	,	PUNCT
ajfa-10871	461	3	a.	a.	PROPN
ajfa-10871	461	4	h.	h.	PROPN
ajfa-10871	461	5	,	,	PUNCT
ajfa-10871	461	6	&	&	CCONJ
ajfa-10871	461	7	pacheco	pacheco	PROPN
ajfa-10871	461	8	,	,	PUNCT
ajfa-10871	461	9	c.	c.	PROPN
ajfa-10871	461	10	j.	j.	PROPN
ajfa-10871	461	11	o.	o.	PROPN
ajfa-10871	461	12	(	(	PUNCT
ajfa-10871	461	13	2008	2008	NUM
ajfa-10871	461	14	)	)	PUNCT
ajfa-10871	461	15	.	.	PUNCT
ajfa-10871	462	1	the	the	DET
ajfa-10871	462	2	financial	financial	ADJ
ajfa-10871	462	3	factors	factor	NOUN
ajfa-10871	462	4	influencing	influence	VERB
ajfa-10871	462	5	cash	cash	NOUN
ajfa-10871	462	6	dividend	dividend	NOUN
ajfa-10871	462	7	policy	policy	NOUN
ajfa-10871	462	8	:	:	PUNCT
ajfa-10871	462	9	a	a	DET
ajfa-10871	462	10	sample	sample	NOUN
ajfa-10871	462	11	of	of	ADP
ajfa-10871	462	12	us	we	PRON
ajfa-10871	462	13	manufacturing	manufacture	VERB
ajfa-10871	462	14	companies	company	NOUN
ajfa-10871	462	15	.	.	PUNCT
ajfa-10871	463	1	inter	inter	PROPN
ajfa-10871	463	2	metro	metro	PROPN
ajfa-10871	463	3	business	business	PROPN
ajfa-10871	463	4	journal	journal	PROPN
ajfa-10871	463	5	,	,	PUNCT
ajfa-10871	463	6	4(2	4(2	NUM
ajfa-10871	463	7	)	)	PUNCT
ajfa-10871	463	8	,	,	PUNCT
ajfa-10871	463	9	23	23	NUM
ajfa-10871	463	10	-	-	SYM
ajfa-10871	463	11	43	43	NUM
ajfa-10871	463	12	.	.	PUNCT
ajfa-10871	464	1	kang	kang	PROPN
ajfa-10871	464	2	,	,	PUNCT
ajfa-10871	464	3	s.	s.	PROPN
ajfa-10871	464	4	,	,	PUNCT
ajfa-10871	464	5	sul	sul	PROPN
ajfa-10871	464	6	,	,	PUNCT
ajfa-10871	464	7	w.	w.	PROPN
ajfa-10871	464	8	,	,	PUNCT
ajfa-10871	464	9	&	&	CCONJ
ajfa-10871	464	10	kim	kim	PROPN
ajfa-10871	464	11	,	,	PUNCT
ajfa-10871	464	12	s.	s.	PROPN
ajfa-10871	464	13	(	(	PUNCT
ajfa-10871	464	14	2010	2010	NUM
ajfa-10871	464	15	)	)	PUNCT
ajfa-10871	464	16	.	.	PUNCT
ajfa-10871	465	1	impact	impact	NOUN
ajfa-10871	465	2	of	of	ADP
ajfa-10871	465	3	foreign	foreign	ADJ
ajfa-10871	465	4	institutional	institutional	ADJ
ajfa-10871	465	5	investors	investor	NOUN
ajfa-10871	465	6	on	on	ADP
ajfa-10871	465	7	dividend	dividend	NOUN
ajfa-10871	465	8	policy	policy	NOUN
ajfa-10871	465	9	in	in	ADP
ajfa-10871	465	10	korea	korea	PROPN
ajfa-10871	465	11	:	:	PUNCT
ajfa-10871	465	12	a	a	DET
ajfa-10871	465	13	stock	stock	NOUN
ajfa-10871	465	14	market	market	NOUN
ajfa-10871	465	15	perspective	perspective	NOUN
ajfa-10871	465	16	.	.	PUNCT
ajfa-10871	466	1	kania	kania	PROPN
ajfa-10871	466	2	,	,	PUNCT
ajfa-10871	466	3	s.	s.	PROPN
ajfa-10871	466	4	l.	l.	PROPN
ajfa-10871	466	5	,	,	PUNCT
ajfa-10871	466	6	&	&	CCONJ
ajfa-10871	466	7	bacon	bacon	NOUN
ajfa-10871	466	8	,	,	PUNCT
ajfa-10871	466	9	f.	f.	PROPN
ajfa-10871	466	10	w.	w.	PROPN
ajfa-10871	466	11	(	(	PUNCT
ajfa-10871	466	12	2005	2005	NUM
ajfa-10871	466	13	)	)	PUNCT
ajfa-10871	466	14	.	.	PUNCT
ajfa-10871	467	1	what	what	PRON
ajfa-10871	467	2	factors	factor	NOUN
ajfa-10871	467	3	motivate	motivate	VERB
ajfa-10871	467	4	the	the	DET
ajfa-10871	467	5	corporate	corporate	ADJ
ajfa-10871	467	6	dividend	dividend	NOUN
ajfa-10871	467	7	decision	decision	NOUN
ajfa-10871	467	8	?	?	PUNCT
ajfa-10871	468	1	american	american	ADJ
ajfa-10871	468	2	society	society	NOUN
ajfa-10871	468	3	of	of	ADP
ajfa-10871	468	4	business	business	NOUN
ajfa-10871	468	5	and	and	CCONJ
ajfa-10871	468	6	behavioral	behavioral	ADJ
ajfa-10871	468	7	sciences	sciences	PROPN
ajfa-10871	468	8	e	e	NOUN
ajfa-10871	468	9	-	-	NOUN
ajfa-10871	468	10	journal	journal	NOUN
ajfa-10871	468	11	,	,	PUNCT
ajfa-10871	468	12	1(1	1(1	NUM
ajfa-10871	468	13	)	)	PUNCT
ajfa-10871	468	14	,	,	PUNCT
ajfa-10871	468	15	95–107	95–107	PROPN
ajfa-10871	468	16	.	.	PUNCT
ajfa-10871	468	17	khan	khan	PROPN
ajfa-10871	468	18	,	,	PUNCT
ajfa-10871	468	19	k.	k.	PROPN
ajfa-10871	468	20	i.	i.	PROPN
ajfa-10871	468	21	(	(	PUNCT
ajfa-10871	468	22	2012	2012	NUM
ajfa-10871	468	23	)	)	PUNCT
ajfa-10871	468	24	.	.	PUNCT
ajfa-10871	469	1	effect	effect	NOUN
ajfa-10871	469	2	of	of	ADP
ajfa-10871	469	3	dividends	dividend	NOUN
ajfa-10871	469	4	on	on	ADP
ajfa-10871	469	5	stock	stock	NOUN
ajfa-10871	469	6	prices	price	NOUN
ajfa-10871	469	7	–	–	PUNCT
ajfa-10871	469	8	a	a	DET
ajfa-10871	469	9	case	case	NOUN
ajfa-10871	469	10	of	of	ADP
ajfa-10871	469	11	chemical	chemical	ADJ
ajfa-10871	469	12	and	and	CCONJ
ajfa-10871	469	13	asian	asian	ADJ
ajfa-10871	469	14	journal	journal	NOUN
ajfa-10871	469	15	of	of	ADP
ajfa-10871	469	16	finance	finance	PROPN
ajfa-10871	469	17	&	&	CCONJ
ajfa-10871	469	18	accounting	accounting	PROPN
ajfa-10871	469	19	issn	issn	PROPN
ajfa-10871	469	20	1946	1946	NUM
ajfa-10871	469	21	-	-	PUNCT
ajfa-10871	469	22	052x	052x	PROPN
ajfa-10871	469	23	2017	2017	NUM
ajfa-10871	469	24	,	,	PUNCT
ajfa-10871	469	25	vol	vol	NOUN
ajfa-10871	469	26	.	.	NOUN
ajfa-10871	469	27	9	9	NUM
ajfa-10871	469	28	,	,	PUNCT
ajfa-10871	469	29	no	no	INTJ
ajfa-10871	469	30	.	.	NOUN
ajfa-10871	469	31	1	1	NUM
ajfa-10871	469	32	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	469	33	189	189	NUM
ajfa-10871	469	34	pharmaceutical	pharmaceutical	NOUN
ajfa-10871	469	35	industry	industry	NOUN
ajfa-10871	469	36	of	of	ADP
ajfa-10871	469	37	pakistan	pakistan	PROPN
ajfa-10871	469	38	.	.	PUNCT
ajfa-10871	470	1	management	management	NOUN
ajfa-10871	470	2	,	,	PUNCT
ajfa-10871	470	3	2(5	2(5	NUM
ajfa-10871	470	4	)	)	PUNCT
ajfa-10871	470	5	,	,	PUNCT
ajfa-10871	470	6	141	141	NUM
ajfa-10871	470	7	-	-	SYM
ajfa-10871	470	8	148	148	NUM
ajfa-10871	470	9	.	.	PUNCT
ajfa-10871	471	1	https://doi.org/10.5923/j.mm.20120205.02	https://doi.org/10.5923/j.mm.20120205.02	PROPN
ajfa-10871	471	2	kohli	kohli	PROPN
ajfa-10871	471	3	,	,	PUNCT
ajfa-10871	471	4	h.	h.	PROPN
ajfa-10871	471	5	s.	s.	PROPN
ajfa-10871	471	6	,	,	PUNCT
ajfa-10871	471	7	sharma	sharma	PROPN
ajfa-10871	471	8	,	,	PUNCT
ajfa-10871	471	9	a.	a.	PROPN
ajfa-10871	471	10	,	,	PUNCT
ajfa-10871	471	11	&	&	CCONJ
ajfa-10871	471	12	sood	sood	PROPN
ajfa-10871	471	13	,	,	PUNCT
ajfa-10871	471	14	a.	a.	NOUN
ajfa-10871	471	15	(	(	PUNCT
ajfa-10871	471	16	eds	ed	NOUN
ajfa-10871	471	17	.	.	PUNCT
ajfa-10871	471	18	)	)	PUNCT
ajfa-10871	471	19	.	.	PUNCT
ajfa-10871	472	1	(	(	PUNCT
ajfa-10871	472	2	2011	2011	NUM
ajfa-10871	472	3	)	)	PUNCT
ajfa-10871	472	4	.	.	PUNCT
ajfa-10871	473	1	asia	asia	PROPN
ajfa-10871	473	2	2050	2050	NUM
ajfa-10871	473	3	:	:	PUNCT
ajfa-10871	474	1	realizing	realize	VERB
ajfa-10871	474	2	the	the	DET
ajfa-10871	474	3	asian	asian	ADJ
ajfa-10871	474	4	century	century	NOUN
ajfa-10871	474	5	.	.	PUNCT
ajfa-10871	475	1	sage	sage	NOUN
ajfa-10871	475	2	publications	publication	NOUN
ajfa-10871	475	3	india	india	PROPN
ajfa-10871	475	4	.	.	PUNCT
ajfa-10871	476	1	kumar	kumar	PROPN
ajfa-10871	476	2	,	,	PUNCT
ajfa-10871	476	3	r.	r.	PROPN
ajfa-10871	476	4	,	,	PUNCT
ajfa-10871	476	5	&	&	CCONJ
ajfa-10871	476	6	kumar	kumar	PROPN
ajfa-10871	476	7	jha	jha	PROPN
ajfa-10871	476	8	,	,	PUNCT
ajfa-10871	476	9	p.	p.	PROPN
ajfa-10871	476	10	(	(	PUNCT
ajfa-10871	476	11	2012	2012	NUM
ajfa-10871	476	12	)	)	PUNCT
ajfa-10871	476	13	.	.	PUNCT
ajfa-10871	477	1	determinants	determinant	NOUN
ajfa-10871	477	2	of	of	ADP
ajfa-10871	477	3	corporate	corporate	ADJ
ajfa-10871	477	4	dividend	dividend	NOUN
ajfa-10871	477	5	policy	policy	NOUN
ajfa-10871	477	6	in	in	ADP
ajfa-10871	477	7	india	india	PROPN
ajfa-10871	477	8	-	-	PUNCT
ajfa-10871	477	9	a	a	DET
ajfa-10871	477	10	study	study	NOUN
ajfa-10871	477	11	of	of	ADP
ajfa-10871	477	12	listed	list	VERB
ajfa-10871	477	13	it	it	PRON
ajfa-10871	477	14	companies	company	NOUN
ajfa-10871	477	15	at	at	ADP
ajfa-10871	477	16	bse	bse	PROPN
ajfa-10871	477	17	.	.	PUNCT
ajfa-10871	478	1	la	la	PROPN
ajfa-10871	478	2	porta	porta	PROPN
ajfa-10871	478	3	,	,	PUNCT
ajfa-10871	478	4	r.	r.	PROPN
ajfa-10871	478	5	,	,	PUNCT
ajfa-10871	478	6	lopez‐de‐silanes	lopez‐de‐silanes	PROPN
ajfa-10871	478	7	,	,	PUNCT
ajfa-10871	478	8	f.	f.	PROPN
ajfa-10871	478	9	,	,	PUNCT
ajfa-10871	478	10	shleifer	shleifer	PROPN
ajfa-10871	478	11	,	,	PUNCT
ajfa-10871	478	12	a.	a.	PROPN
ajfa-10871	478	13	,	,	PUNCT
ajfa-10871	478	14	&	&	CCONJ
ajfa-10871	478	15	vishny	vishny	PROPN
ajfa-10871	478	16	,	,	PUNCT
ajfa-10871	478	17	r.	r.	PROPN
ajfa-10871	478	18	w.	w.	PROPN
ajfa-10871	478	19	(	(	PUNCT
ajfa-10871	478	20	2000	2000	NUM
ajfa-10871	478	21	)	)	PUNCT
ajfa-10871	478	22	.	.	PUNCT
ajfa-10871	479	1	agency	agency	NOUN
ajfa-10871	479	2	problems	problem	NOUN
ajfa-10871	479	3	and	and	CCONJ
ajfa-10871	479	4	dividend	dividend	NOUN
ajfa-10871	479	5	policies	policy	NOUN
ajfa-10871	479	6	around	around	ADP
ajfa-10871	479	7	the	the	DET
ajfa-10871	479	8	world	world	NOUN
ajfa-10871	479	9	.	.	PUNCT
ajfa-10871	480	1	the	the	DET
ajfa-10871	480	2	journal	journal	PROPN
ajfa-10871	480	3	of	of	ADP
ajfa-10871	480	4	finance	finance	NOUN
ajfa-10871	480	5	,	,	PUNCT
ajfa-10871	480	6	55(1	55(1	NOUN
ajfa-10871	480	7	)	)	PUNCT
ajfa-10871	480	8	,	,	PUNCT
ajfa-10871	480	9	1	1	NUM
ajfa-10871	480	10	-	-	SYM
ajfa-10871	480	11	33	33	NUM
ajfa-10871	480	12	.	.	PUNCT
ajfa-10871	481	1	https://doi.org/10.1111/0022-1082.00199	https://doi.org/10.1111/0022-1082.00199	PROPN
ajfa-10871	481	2	lintner	lintner	PROPN
ajfa-10871	481	3	,	,	PUNCT
ajfa-10871	481	4	j.	j.	PROPN
ajfa-10871	481	5	(	(	PUNCT
ajfa-10871	481	6	1956	1956	NUM
ajfa-10871	481	7	)	)	PUNCT
ajfa-10871	481	8	.	.	PUNCT
ajfa-10871	482	1	distribution	distribution	NOUN
ajfa-10871	482	2	of	of	ADP
ajfa-10871	482	3	incomes	income	NOUN
ajfa-10871	482	4	of	of	ADP
ajfa-10871	482	5	corporations	corporation	NOUN
ajfa-10871	482	6	among	among	ADP
ajfa-10871	482	7	dividends	dividend	NOUN
ajfa-10871	482	8	,	,	PUNCT
ajfa-10871	482	9	retained	retain	VERB
ajfa-10871	482	10	earnings	earning	NOUN
ajfa-10871	482	11	,	,	PUNCT
ajfa-10871	482	12	and	and	CCONJ
ajfa-10871	482	13	taxes	taxis	NOUN
ajfa-10871	482	14	.	.	PUNCT
ajfa-10871	483	1	the	the	DET
ajfa-10871	483	2	american	american	PROPN
ajfa-10871	483	3	economic	economic	PROPN
ajfa-10871	483	4	review	review	PROPN
ajfa-10871	483	5	,	,	PUNCT
ajfa-10871	483	6	46(2	46(2	NOUN
ajfa-10871	483	7	)	)	PUNCT
ajfa-10871	483	8	,	,	PUNCT
ajfa-10871	483	9	97	97	NUM
ajfa-10871	483	10	-	-	SYM
ajfa-10871	483	11	113	113	NUM
ajfa-10871	483	12	.	.	PUNCT
ajfa-10871	483	13	lintner	lintner	PROPN
ajfa-10871	483	14	,	,	PUNCT
ajfa-10871	483	15	j.	j.	PROPN
ajfa-10871	483	16	v.	v.	PROPN
ajfa-10871	483	17	(	(	PUNCT
ajfa-10871	483	18	1959	1959	NUM
ajfa-10871	483	19	)	)	PUNCT
ajfa-10871	483	20	.	.	PUNCT
ajfa-10871	484	1	the	the	DET
ajfa-10871	484	2	financing	financing	NOUN
ajfa-10871	484	3	of	of	ADP
ajfa-10871	484	4	corporations	corporation	NOUN
ajfa-10871	484	5	.	.	PUNCT
ajfa-10871	485	1	lintner	lintner	PROPN
ajfa-10871	485	2	,	,	PUNCT
ajfa-10871	485	3	j.	j.	PROPN
ajfa-10871	485	4	(	(	PUNCT
ajfa-10871	485	5	1965	1965	NUM
ajfa-10871	485	6	)	)	PUNCT
ajfa-10871	485	7	.	.	PUNCT
ajfa-10871	486	1	the	the	DET
ajfa-10871	486	2	valuation	valuation	NOUN
ajfa-10871	486	3	of	of	ADP
ajfa-10871	486	4	risk	risk	NOUN
ajfa-10871	486	5	assets	asset	NOUN
ajfa-10871	486	6	and	and	CCONJ
ajfa-10871	486	7	the	the	DET
ajfa-10871	486	8	selection	selection	NOUN
ajfa-10871	486	9	of	of	ADP
ajfa-10871	486	10	risky	risky	ADJ
ajfa-10871	486	11	investments	investment	NOUN
ajfa-10871	486	12	in	in	ADP
ajfa-10871	486	13	stock	stock	NOUN
ajfa-10871	486	14	portfolios	portfolio	NOUN
ajfa-10871	486	15	and	and	CCONJ
ajfa-10871	486	16	capital	capital	NOUN
ajfa-10871	486	17	budgets	budget	NOUN
ajfa-10871	486	18	.	.	PUNCT
ajfa-10871	487	1	the	the	DET
ajfa-10871	487	2	review	review	NOUN
ajfa-10871	487	3	of	of	ADP
ajfa-10871	487	4	economics	economic	NOUN
ajfa-10871	487	5	and	and	CCONJ
ajfa-10871	487	6	statistics	statistic	NOUN
ajfa-10871	487	7	,	,	PUNCT
ajfa-10871	487	8	47(1	47(1	NUM
ajfa-10871	487	9	)	)	PUNCT
ajfa-10871	487	10	,	,	PUNCT
ajfa-10871	487	11	13	13	NUM
ajfa-10871	487	12	-	-	SYM
ajfa-10871	487	13	37	37	NUM
ajfa-10871	487	14	.	.	PUNCT
ajfa-10871	488	1	https://doi.org/10.2307/1924119	https://doi.org/10.2307/1924119	PROPN
ajfa-10871	488	2	lloyd	lloyd	PROPN
ajfa-10871	488	3	,	,	PUNCT
ajfa-10871	488	4	w.	w.	PROPN
ajfa-10871	488	5	p.	p.	PROPN
ajfa-10871	488	6	,	,	PUNCT
ajfa-10871	488	7	jahera	jahera	PROPN
ajfa-10871	488	8	,	,	PUNCT
ajfa-10871	488	9	j.	j.	PROPN
ajfa-10871	488	10	s.	s.	PROPN
ajfa-10871	488	11	,	,	PUNCT
ajfa-10871	488	12	&	&	CCONJ
ajfa-10871	488	13	page	page	NOUN
ajfa-10871	488	14	,	,	PUNCT
ajfa-10871	488	15	d.	d.	PROPN
ajfa-10871	488	16	e.	e.	PROPN
ajfa-10871	488	17	(	(	PUNCT
ajfa-10871	488	18	1985	1985	NUM
ajfa-10871	488	19	)	)	PUNCT
ajfa-10871	488	20	.	.	PUNCT
ajfa-10871	489	1	agency	agency	NOUN
ajfa-10871	489	2	costs	cost	NOUN
ajfa-10871	489	3	and	and	CCONJ
ajfa-10871	489	4	dividend	dividend	VERB
ajfa-10871	489	5	payout	payout	ADJ
ajfa-10871	489	6	ratios	ratio	NOUN
ajfa-10871	489	7	.	.	PUNCT
ajfa-10871	490	1	quarterly	quarterly	ADJ
ajfa-10871	490	2	journal	journal	NOUN
ajfa-10871	490	3	of	of	ADP
ajfa-10871	490	4	business	business	NOUN
ajfa-10871	490	5	and	and	CCONJ
ajfa-10871	490	6	economics	economic	NOUN
ajfa-10871	490	7	,	,	PUNCT
ajfa-10871	490	8	19	19	NUM
ajfa-10871	490	9	-	-	SYM
ajfa-10871	490	10	29	29	NUM
ajfa-10871	490	11	.	.	PUNCT
ajfa-10871	491	1	https://doi.org/10.1111/j.1540-6288.1985.tb00256.x	https://doi.org/10.1111/j.1540-6288.1985.tb00256.x	PROPN
ajfa-10871	491	2	majumder	majumder	NOUN
ajfa-10871	491	3	,	,	PUNCT
ajfa-10871	491	4	t.	t.	PROPN
ajfa-10871	491	5	h.	h.	PROPN
ajfa-10871	491	6	,	,	PUNCT
ajfa-10871	491	7	&	&	CCONJ
ajfa-10871	491	8	rahman	rahman	PROPN
ajfa-10871	491	9	,	,	PUNCT
ajfa-10871	491	10	m.	m.	NOUN
ajfa-10871	491	11	m.	m.	NOUN
ajfa-10871	491	12	(	(	PUNCT
ajfa-10871	491	13	2011	2011	NUM
ajfa-10871	491	14	)	)	PUNCT
ajfa-10871	491	15	.	.	PUNCT
ajfa-10871	492	1	financial	financial	ADJ
ajfa-10871	492	2	analysis	analysis	NOUN
ajfa-10871	492	3	of	of	ADP
ajfa-10871	492	4	selected	select	VERB
ajfa-10871	492	5	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	492	6	companies	company	NOUN
ajfa-10871	492	7	in	in	ADP
ajfa-10871	492	8	bangladesh	bangladesh	PROPN
ajfa-10871	492	9	.	.	PUNCT
ajfa-10871	493	1	journal	journal	PROPN
ajfa-10871	493	2	of	of	ADP
ajfa-10871	493	3	biology	biology	NOUN
ajfa-10871	493	4	,	,	PUNCT
ajfa-10871	493	5	agriculture	agriculture	NOUN
ajfa-10871	493	6	and	and	CCONJ
ajfa-10871	493	7	healthcare	healthcare	PROPN
ajfa-10871	493	8	,	,	PUNCT
ajfa-10871	493	9	1	1	NUM
ajfa-10871	493	10	(	(	PUNCT
ajfa-10871	493	11	2	2	NUM
ajfa-10871	493	12	)	)	PUNCT
ajfa-10871	493	13	,	,	PUNCT
ajfa-10871	493	14	25	25	NUM
ajfa-10871	493	15	,	,	PUNCT
ajfa-10871	493	16	50	50	NUM
ajfa-10871	493	17	.	.	PUNCT
ajfa-10871	494	1	marfo	marfo	ADJ
ajfa-10871	494	2	-	-	PUNCT
ajfa-10871	494	3	yiadom	yiadom	NOUN
ajfa-10871	494	4	,	,	PUNCT
ajfa-10871	494	5	e.	e.	PROPN
ajfa-10871	494	6	and	and	CCONJ
ajfa-10871	494	7	agyei	agyei	PROPN
ajfa-10871	494	8	,	,	PUNCT
ajfa-10871	494	9	s.k	s.k	PROPN
ajfa-10871	494	10	.	.	PROPN
ajfa-10871	494	11	,	,	PUNCT
ajfa-10871	494	12	(	(	PUNCT
ajfa-10871	494	13	2011	2011	NUM
ajfa-10871	494	14	)	)	PUNCT
ajfa-10871	494	15	.	.	PUNCT
ajfa-10871	495	1	determinants	determinant	NOUN
ajfa-10871	495	2	of	of	ADP
ajfa-10871	495	3	dividend	dividend	NOUN
ajfa-10871	495	4	policy	policy	NOUN
ajfa-10871	495	5	of	of	ADP
ajfa-10871	495	6	banks	bank	NOUN
ajfa-10871	495	7	in	in	ADP
ajfa-10871	495	8	ghana	ghana	PROPN
ajfa-10871	495	9	.	.	PUNCT
ajfa-10871	496	1	international	international	ADJ
ajfa-10871	496	2	research	research	PROPN
ajfa-10871	496	3	journal	journal	NOUN
ajfa-10871	496	4	of	of	ADP
ajfa-10871	496	5	finance	finance	NOUN
ajfa-10871	496	6	and	and	CCONJ
ajfa-10871	496	7	economics	economic	NOUN
ajfa-10871	496	8	,	,	PUNCT
ajfa-10871	496	9	61(61	61(61	NUM
ajfa-10871	496	10	)	)	PUNCT
ajfa-10871	496	11	,	,	PUNCT
ajfa-10871	496	12	99	99	NUM
ajfa-10871	496	13	-	-	SYM
ajfa-10871	496	14	108	108	NUM
ajfa-10871	496	15	.	.	PUNCT
ajfa-10871	497	1	mehta	mehta	PROPN
ajfa-10871	497	2	,	,	PUNCT
ajfa-10871	497	3	a.	a.	NOUN
ajfa-10871	497	4	(	(	PUNCT
ajfa-10871	497	5	2012	2012	NUM
ajfa-10871	497	6	)	)	PUNCT
ajfa-10871	497	7	.	.	PUNCT
ajfa-10871	498	1	an	an	DET
ajfa-10871	498	2	empirical	empirical	ADJ
ajfa-10871	498	3	analysis	analysis	NOUN
ajfa-10871	498	4	of	of	ADP
ajfa-10871	498	5	determinants	determinant	NOUN
ajfa-10871	498	6	of	of	ADP
ajfa-10871	498	7	dividend	dividend	NOUN
ajfa-10871	498	8	policy	policy	NOUN
ajfa-10871	498	9	-	-	PUNCT
ajfa-10871	498	10	evidence	evidence	NOUN
ajfa-10871	498	11	from	from	ADP
ajfa-10871	498	12	the	the	DET
ajfa-10871	498	13	uae	uae	PROPN
ajfa-10871	498	14	companies	company	NOUN
ajfa-10871	498	15	.	.	PUNCT
ajfa-10871	499	1	global	global	ADJ
ajfa-10871	499	2	review	review	NOUN
ajfa-10871	499	3	of	of	ADP
ajfa-10871	499	4	accounting	accounting	NOUN
ajfa-10871	499	5	and	and	CCONJ
ajfa-10871	499	6	finance	finance	NOUN
ajfa-10871	499	7	,	,	PUNCT
ajfa-10871	499	8	3(1	3(1	NUM
ajfa-10871	499	9	)	)	PUNCT
ajfa-10871	499	10	,	,	PUNCT
ajfa-10871	499	11	18	18	NUM
ajfa-10871	499	12	-	-	SYM
ajfa-10871	499	13	31	31	NUM
ajfa-10871	499	14	.	.	PUNCT
ajfa-10871	500	1	miller	miller	PROPN
ajfa-10871	500	2	,	,	PUNCT
ajfa-10871	500	3	m.	m.	PROPN
ajfa-10871	500	4	h.	h.	PROPN
ajfa-10871	500	5	,	,	PUNCT
ajfa-10871	500	6	&	&	CCONJ
ajfa-10871	500	7	modigliani	modigliani	PROPN
ajfa-10871	500	8	,	,	PUNCT
ajfa-10871	500	9	f.	f.	PROPN
ajfa-10871	500	10	(	(	PUNCT
ajfa-10871	500	11	1961	1961	NUM
ajfa-10871	500	12	)	)	PUNCT
ajfa-10871	500	13	.	.	PUNCT
ajfa-10871	501	1	dividend	dividend	NOUN
ajfa-10871	501	2	policy	policy	NOUN
ajfa-10871	501	3	,	,	PUNCT
ajfa-10871	501	4	growth	growth	NOUN
ajfa-10871	501	5	,	,	PUNCT
ajfa-10871	501	6	and	and	CCONJ
ajfa-10871	501	7	the	the	DET
ajfa-10871	501	8	valuation	valuation	NOUN
ajfa-10871	501	9	of	of	ADP
ajfa-10871	501	10	shares	share	NOUN
ajfa-10871	501	11	.	.	PUNCT
ajfa-10871	502	1	the	the	DET
ajfa-10871	502	2	journal	journal	NOUN
ajfa-10871	502	3	of	of	ADP
ajfa-10871	502	4	business	business	NOUN
ajfa-10871	502	5	,	,	PUNCT
ajfa-10871	502	6	34(4	34(4	NUM
ajfa-10871	502	7	)	)	PUNCT
ajfa-10871	502	8	,	,	PUNCT
ajfa-10871	502	9	411	411	NUM
ajfa-10871	502	10	-	-	SYM
ajfa-10871	502	11	433	433	NUM
ajfa-10871	502	12	.	.	PUNCT
ajfa-10871	503	1	https://doi.org/10.1086/294442	https://doi.org/10.1086/294442	PROPN
ajfa-10871	503	2	mirza	mirza	PROPN
ajfa-10871	503	3	,	,	PUNCT
ajfa-10871	503	4	h.	h.	PROPN
ajfa-10871	503	5	h.	h.	PROPN
ajfa-10871	503	6	,	,	PUNCT
ajfa-10871	503	7	&	&	CCONJ
ajfa-10871	503	8	azfa	azfa	PROPN
ajfa-10871	503	9	,	,	PUNCT
ajfa-10871	503	10	t.	t.	PROPN
ajfa-10871	503	11	(	(	PUNCT
ajfa-10871	503	12	2010	2010	NUM
ajfa-10871	503	13	)	)	PUNCT
ajfa-10871	503	14	.	.	PUNCT
ajfa-10871	504	1	ownership	ownership	NOUN
ajfa-10871	504	2	structure	structure	NOUN
ajfa-10871	504	3	and	and	CCONJ
ajfa-10871	504	4	cash	cash	NOUN
ajfa-10871	504	5	flows	flow	NOUN
ajfa-10871	504	6	as	as	ADP
ajfa-10871	504	7	determinants	determinant	NOUN
ajfa-10871	504	8	of	of	ADP
ajfa-10871	504	9	corporate	corporate	ADJ
ajfa-10871	504	10	dividend	dividend	NOUN
ajfa-10871	504	11	policy	policy	NOUN
ajfa-10871	504	12	in	in	ADP
ajfa-10871	504	13	pakistan	pakistan	PROPN
ajfa-10871	504	14	.	.	PUNCT
ajfa-10871	505	1	international	international	ADJ
ajfa-10871	505	2	business	business	NOUN
ajfa-10871	505	3	research	research	NOUN
ajfa-10871	505	4	,	,	PUNCT
ajfa-10871	505	5	3(3	3(3	NUM
ajfa-10871	505	6	)	)	PUNCT
ajfa-10871	505	7	.	.	PUNCT
ajfa-10871	506	1	moradi	moradi	NOUN
ajfa-10871	506	2	,	,	PUNCT
ajfa-10871	506	3	m.	m.	NOUN
ajfa-10871	506	4	,	,	PUNCT
ajfa-10871	506	5	salehi	salehi	NOUN
ajfa-10871	506	6	,	,	PUNCT
ajfa-10871	506	7	m.	m.	NOUN
ajfa-10871	506	8	,	,	PUNCT
ajfa-10871	506	9	&	&	CCONJ
ajfa-10871	506	10	honarmand	honarmand	PROPN
ajfa-10871	506	11	,	,	PUNCT
ajfa-10871	506	12	s.	s.	PROPN
ajfa-10871	506	13	(	(	PUNCT
ajfa-10871	506	14	2010	2010	NUM
ajfa-10871	506	15	)	)	PUNCT
ajfa-10871	506	16	.	.	PUNCT
ajfa-10871	507	1	factors	factor	NOUN
ajfa-10871	507	2	affecting	affect	VERB
ajfa-10871	507	3	dividend	dividend	NOUN
ajfa-10871	507	4	policy	policy	NOUN
ajfa-10871	507	5	:	:	PUNCT
ajfa-10871	507	6	empirical	empirical	ADJ
ajfa-10871	507	7	evidence	evidence	NOUN
ajfa-10871	507	8	of	of	ADP
ajfa-10871	507	9	iran	iran	PROPN
ajfa-10871	507	10	.	.	PUNCT
ajfa-10871	508	1	poslovna	poslovna	NOUN
ajfa-10871	508	2	izvrsnost	izvrsnost	VERB
ajfa-10871	508	3	,	,	PUNCT
ajfa-10871	508	4	4(1	4(1	NOUN
ajfa-10871	508	5	)	)	PUNCT
ajfa-10871	508	6	,	,	PUNCT
ajfa-10871	508	7	45	45	NUM
ajfa-10871	508	8	-	-	SYM
ajfa-10871	508	9	61	61	NUM
ajfa-10871	508	10	.	.	PUNCT
ajfa-10871	509	1	nissim	nissim	PROPN
ajfa-10871	509	2	,	,	PUNCT
ajfa-10871	509	3	d.	d.	PROPN
ajfa-10871	509	4	,	,	PUNCT
ajfa-10871	509	5	&	&	CCONJ
ajfa-10871	509	6	ziv	ziv	PROPN
ajfa-10871	509	7	,	,	PUNCT
ajfa-10871	509	8	a.	a.	NOUN
ajfa-10871	509	9	(	(	PUNCT
ajfa-10871	509	10	2001	2001	NUM
ajfa-10871	509	11	)	)	PUNCT
ajfa-10871	509	12	.	.	PUNCT
ajfa-10871	510	1	dividend	dividend	NOUN
ajfa-10871	510	2	changes	change	NOUN
ajfa-10871	510	3	and	and	CCONJ
ajfa-10871	510	4	future	future	ADJ
ajfa-10871	510	5	profitability	profitability	NOUN
ajfa-10871	510	6	.	.	PUNCT
ajfa-10871	511	1	the	the	DET
ajfa-10871	511	2	journal	journal	PROPN
ajfa-10871	511	3	of	of	ADP
ajfa-10871	511	4	finance	finance	NOUN
ajfa-10871	511	5	,	,	PUNCT
ajfa-10871	511	6	56(6	56(6	NUM
ajfa-10871	511	7	)	)	PUNCT
ajfa-10871	511	8	,	,	PUNCT
ajfa-10871	511	9	2111	2111	NUM
ajfa-10871	511	10	-	-	SYM
ajfa-10871	511	11	2133	2133	NUM
ajfa-10871	511	12	.	.	PUNCT
ajfa-10871	512	1	https://doi.org/10.1111/0022-1082.00400	https://doi.org/10.1111/0022-1082.00400	PROPN
ajfa-10871	512	2	nizar	nizar	PROPN
ajfa-10871	512	3	al	al	PROPN
ajfa-10871	512	4	-	-	PUNCT
ajfa-10871	512	5	malkawi	malkawi	PROPN
ajfa-10871	512	6	,	,	PUNCT
ajfa-10871	512	7	h.	h.	PROPN
ajfa-10871	512	8	a.	a.	PROPN
ajfa-10871	512	9	(	(	PUNCT
ajfa-10871	512	10	2007	2007	NUM
ajfa-10871	512	11	)	)	PUNCT
ajfa-10871	512	12	.	.	PUNCT
ajfa-10871	513	1	determinants	determinant	NOUN
ajfa-10871	513	2	of	of	ADP
ajfa-10871	513	3	corporate	corporate	ADJ
ajfa-10871	513	4	dividend	dividend	NOUN
ajfa-10871	513	5	policy	policy	NOUN
ajfa-10871	513	6	in	in	ADP
ajfa-10871	513	7	jordan	jordan	PROPN
ajfa-10871	513	8	:	:	PUNCT
ajfa-10871	513	9	an	an	DET
ajfa-10871	513	10	application	application	NOUN
ajfa-10871	513	11	of	of	ADP
ajfa-10871	513	12	the	the	DET
ajfa-10871	513	13	tobit	tobit	NOUN
ajfa-10871	513	14	model	model	NOUN
ajfa-10871	513	15	.	.	PUNCT
ajfa-10871	514	1	journal	journal	PROPN
ajfa-10871	514	2	of	of	ADP
ajfa-10871	514	3	economic	economic	ADJ
ajfa-10871	514	4	and	and	CCONJ
ajfa-10871	514	5	administrative	administrative	ADJ
ajfa-10871	514	6	sciences	science	NOUN
ajfa-10871	514	7	,	,	PUNCT
ajfa-10871	514	8	23(2	23(2	NUM
ajfa-10871	514	9	)	)	PUNCT
ajfa-10871	514	10	,	,	PUNCT
ajfa-10871	514	11	44	44	NUM
ajfa-10871	514	12	-	-	SYM
ajfa-10871	514	13	70	70	NUM
ajfa-10871	514	14	.	.	PUNCT
ajfa-10871	515	1	https://doi.org/10.1108/10264116200700007	https://doi.org/10.1108/10264116200700007	ADJ
ajfa-10871	515	2	asian	asian	ADJ
ajfa-10871	515	3	journal	journal	NOUN
ajfa-10871	515	4	of	of	ADP
ajfa-10871	515	5	finance	finance	PROPN
ajfa-10871	515	6	&	&	CCONJ
ajfa-10871	515	7	accounting	accounting	PROPN
ajfa-10871	515	8	issn	issn	PROPN
ajfa-10871	515	9	1946	1946	NUM
ajfa-10871	515	10	-	-	PUNCT
ajfa-10871	515	11	052x	052x	PROPN
ajfa-10871	515	12	2017	2017	NUM
ajfa-10871	515	13	,	,	PUNCT
ajfa-10871	515	14	vol	vol	NOUN
ajfa-10871	515	15	.	.	NOUN
ajfa-10871	515	16	9	9	NUM
ajfa-10871	515	17	,	,	PUNCT
ajfa-10871	515	18	no	no	INTJ
ajfa-10871	515	19	.	.	NOUN
ajfa-10871	515	20	1	1	NUM
ajfa-10871	515	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	515	22	190	190	NUM
ajfa-10871	515	23	nnadi	nnadi	NOUN
ajfa-10871	515	24	,	,	PUNCT
ajfa-10871	515	25	m.	m.	NOUN
ajfa-10871	515	26	a.	a.	PROPN
ajfa-10871	515	27	,	,	PUNCT
ajfa-10871	515	28	&	&	CCONJ
ajfa-10871	515	29	akpomi	akpomi	PROPN
ajfa-10871	515	30	,	,	PUNCT
ajfa-10871	515	31	m.	m.	PROPN
ajfa-10871	515	32	e.	e.	PROPN
ajfa-10871	515	33	(	(	PUNCT
ajfa-10871	515	34	2005	2005	NUM
ajfa-10871	515	35	)	)	PUNCT
ajfa-10871	515	36	.	.	PUNCT
ajfa-10871	516	1	the	the	DET
ajfa-10871	516	2	effect	effect	NOUN
ajfa-10871	516	3	of	of	ADP
ajfa-10871	516	4	taxes	taxis	NOUN
ajfa-10871	516	5	on	on	ADP
ajfa-10871	516	6	dividend	dividend	NOUN
ajfa-10871	516	7	policy	policy	NOUN
ajfa-10871	516	8	of	of	ADP
ajfa-10871	516	9	banks	bank	NOUN
ajfa-10871	516	10	in	in	ADP
ajfa-10871	516	11	nigeria	nigeria	PROPN
ajfa-10871	516	12	.	.	PUNCT
ajfa-10871	517	1	international	international	ADJ
ajfa-10871	517	2	research	research	PROPN
ajfa-10871	517	3	journal	journal	NOUN
ajfa-10871	517	4	of	of	ADP
ajfa-10871	517	5	finance	finance	NOUN
ajfa-10871	517	6	and	and	CCONJ
ajfa-10871	517	7	economics	economic	NOUN
ajfa-10871	517	8	.	.	PUNCT
ajfa-10871	518	1	19	19	NUM
ajfa-10871	518	2	,	,	PUNCT
ajfa-10871	518	3	48	48	NUM
ajfa-10871	518	4	-	-	SYM
ajfa-10871	518	5	55	55	NUM
ajfa-10871	518	6	.	.	PUNCT
ajfa-10871	519	1	https://doi.org/10.2139/ssrn.873828	https://doi.org/10.2139/ssrn.873828	PROPN
ajfa-10871	519	2	ohlson	ohlson	PROPN
ajfa-10871	519	3	,	,	PUNCT
ajfa-10871	519	4	j.	j.	PROPN
ajfa-10871	519	5	a.	a.	PROPN
ajfa-10871	519	6	,	,	PUNCT
ajfa-10871	519	7	&	&	CCONJ
ajfa-10871	519	8	juettner	juettner	PROPN
ajfa-10871	519	9	-	-	PUNCT
ajfa-10871	519	10	nauroth	nauroth	PROPN
ajfa-10871	519	11	,	,	PUNCT
ajfa-10871	519	12	b.	b.	PROPN
ajfa-10871	519	13	e.	e.	PROPN
ajfa-10871	519	14	(	(	PUNCT
ajfa-10871	519	15	2005	2005	NUM
ajfa-10871	519	16	)	)	PUNCT
ajfa-10871	519	17	.	.	PUNCT
ajfa-10871	520	1	expected	expect	VERB
ajfa-10871	520	2	eps	eps	PROPN
ajfa-10871	520	3	and	and	CCONJ
ajfa-10871	520	4	eps	eps	PROPN
ajfa-10871	520	5	growth	growth	NOUN
ajfa-10871	520	6	as	as	ADP
ajfa-10871	520	7	determinantsof	determinantsof	ADJ
ajfa-10871	520	8	value	value	NOUN
ajfa-10871	520	9	.	.	PUNCT
ajfa-10871	521	1	review	review	NOUN
ajfa-10871	521	2	of	of	ADP
ajfa-10871	521	3	accounting	accounting	NOUN
ajfa-10871	521	4	studies	study	NOUN
ajfa-10871	521	5	,	,	PUNCT
ajfa-10871	521	6	10(2	10(2	PROPN
ajfa-10871	521	7	-	-	SYM
ajfa-10871	521	8	3	3	NUM
ajfa-10871	521	9	)	)	PUNCT
ajfa-10871	521	10	,	,	PUNCT
ajfa-10871	521	11	349	349	NUM
ajfa-10871	521	12	-	-	SYM
ajfa-10871	521	13	365	365	NUM
ajfa-10871	521	14	.	.	PUNCT
ajfa-10871	522	1	https://doi.org/10.1007/s11142-005-1535-3	https://doi.org/10.1007/s11142-005-1535-3	PROPN
ajfa-10871	522	2	omran	omran	NOUN
ajfa-10871	522	3	,	,	PUNCT
ajfa-10871	522	4	m.	m.	NOUN
ajfa-10871	522	5	,	,	PUNCT
ajfa-10871	522	6	&	&	CCONJ
ajfa-10871	522	7	pointon	pointon	PROPN
ajfa-10871	522	8	,	,	PUNCT
ajfa-10871	522	9	j.	j.	PROPN
ajfa-10871	522	10	(	(	PUNCT
ajfa-10871	522	11	2004	2004	NUM
ajfa-10871	522	12	)	)	PUNCT
ajfa-10871	522	13	.	.	PUNCT
ajfa-10871	523	1	dividend	dividend	NOUN
ajfa-10871	523	2	policy	policy	NOUN
ajfa-10871	523	3	,	,	PUNCT
ajfa-10871	523	4	trading	trading	NOUN
ajfa-10871	523	5	characteristics	characteristic	NOUN
ajfa-10871	523	6	and	and	CCONJ
ajfa-10871	523	7	share	share	NOUN
ajfa-10871	523	8	prices	price	NOUN
ajfa-10871	523	9	:	:	PUNCT
ajfa-10871	523	10	empirical	empirical	ADJ
ajfa-10871	523	11	evidence	evidence	NOUN
ajfa-10871	523	12	from	from	ADP
ajfa-10871	523	13	egyptian	egyptian	ADJ
ajfa-10871	523	14	firms	firm	NOUN
ajfa-10871	523	15	.	.	PUNCT
ajfa-10871	524	1	international	international	ADJ
ajfa-10871	524	2	journal	journal	PROPN
ajfa-10871	524	3	of	of	ADP
ajfa-10871	524	4	theoretical	theoretical	ADJ
ajfa-10871	524	5	and	and	CCONJ
ajfa-10871	524	6	applied	applied	ADJ
ajfa-10871	524	7	finance	finance	NOUN
ajfa-10871	524	8	,	,	PUNCT
ajfa-10871	524	9	7(02	7(02	NUM
ajfa-10871	524	10	)	)	PUNCT
ajfa-10871	524	11	,	,	PUNCT
ajfa-10871	524	12	121	121	NUM
ajfa-10871	524	13	-	-	SYM
ajfa-10871	524	14	133	133	NUM
ajfa-10871	524	15	.	.	PUNCT
ajfa-10871	525	1	https://doi.org/10.1142/s0219024904002384	https://doi.org/10.1142/s0219024904002384	PROPN
ajfa-10871	525	2	pandey	pandey	PROPN
ajfa-10871	525	3	,	,	PUNCT
ajfa-10871	525	4	i.	i.	PROPN
ajfa-10871	525	5	m.	m.	PROPN
ajfa-10871	525	6	(	(	PUNCT
ajfa-10871	525	7	2003	2003	NUM
ajfa-10871	525	8	)	)	PUNCT
ajfa-10871	525	9	.	.	PUNCT
ajfa-10871	526	1	corporate	corporate	ADJ
ajfa-10871	526	2	dividend	dividend	NOUN
ajfa-10871	526	3	policy	policy	NOUN
ajfa-10871	526	4	and	and	CCONJ
ajfa-10871	526	5	behaviour	behaviour	NOUN
ajfa-10871	526	6	:	:	PUNCT
ajfa-10871	526	7	the	the	DET
ajfa-10871	526	8	malaysian	malaysian	ADJ
ajfa-10871	526	9	evidence	evidence	NOUN
ajfa-10871	526	10	.	.	PUNCT
ajfa-10871	527	1	asian	asian	PROPN
ajfa-10871	527	2	academy	academy	PROPN
ajfa-10871	527	3	of	of	ADP
ajfa-10871	527	4	management	management	PROPN
ajfa-10871	527	5	journal	journal	NOUN
ajfa-10871	527	6	,	,	PUNCT
ajfa-10871	527	7	8(1	8(1	NOUN
ajfa-10871	527	8	)	)	PUNCT
ajfa-10871	527	9	,	,	PUNCT
ajfa-10871	527	10	17	17	NUM
ajfa-10871	527	11	-	-	SYM
ajfa-10871	527	12	32	32	NUM
ajfa-10871	527	13	.	.	PUNCT
ajfa-10871	528	1	papadopoulos	papadopoulos	PROPN
ajfa-10871	528	2	,	,	PUNCT
ajfa-10871	528	3	d.	d.	PROPN
ajfa-10871	528	4	l.	l.	PROPN
ajfa-10871	528	5	,	,	PUNCT
ajfa-10871	528	6	&	&	CCONJ
ajfa-10871	528	7	charalambidis	charalambidis	PROPN
ajfa-10871	528	8	,	,	PUNCT
ajfa-10871	528	9	d.	d.	PROPN
ajfa-10871	528	10	p.	p.	PROPN
ajfa-10871	528	11	(	(	PUNCT
ajfa-10871	528	12	2007	2007	NUM
ajfa-10871	528	13	)	)	PUNCT
ajfa-10871	528	14	.	.	PUNCT
ajfa-10871	529	1	focus	focus	VERB
ajfa-10871	529	2	on	on	ADP
ajfa-10871	529	3	present	present	ADJ
ajfa-10871	529	4	status	status	NOUN
ajfa-10871	529	5	and	and	CCONJ
ajfa-10871	529	6	determinants	determinant	NOUN
ajfa-10871	529	7	of	of	ADP
ajfa-10871	529	8	dividend	dividend	NOUN
ajfa-10871	529	9	payout	payout	NOUN
ajfa-10871	529	10	policy	policy	NOUN
ajfa-10871	529	11	:	:	PUNCT
ajfa-10871	529	12	athens	athens	PROPN
ajfa-10871	529	13	stock	stock	PROPN
ajfa-10871	529	14	exchange	exchange	PROPN
ajfa-10871	529	15	in	in	ADP
ajfa-10871	529	16	perspective	perspective	NOUN
ajfa-10871	529	17	.	.	PUNCT
ajfa-10871	530	1	journal	journal	NOUN
ajfa-10871	530	2	of	of	ADP
ajfa-10871	530	3	financial	financial	ADJ
ajfa-10871	530	4	management	management	NOUN
ajfa-10871	530	5	&	&	CCONJ
ajfa-10871	530	6	analysis	analysis	NOUN
ajfa-10871	530	7	,	,	PUNCT
ajfa-10871	530	8	20(2	20(2	NUM
ajfa-10871	530	9	)	)	PUNCT
ajfa-10871	530	10	,	,	PUNCT
ajfa-10871	530	11	24	24	NUM
ajfa-10871	530	12	-	-	SYM
ajfa-10871	530	13	37	37	NUM
ajfa-10871	530	14	.	.	PUNCT
ajfa-10871	531	1	patra	patra	PROPN
ajfa-10871	531	2	,	,	PUNCT
ajfa-10871	531	3	t.	t.	PROPN
ajfa-10871	531	4	,	,	PUNCT
ajfa-10871	531	5	poshakwale	poshakwale	NOUN
ajfa-10871	531	6	,	,	PUNCT
ajfa-10871	531	7	s.	s.	PROPN
ajfa-10871	531	8	,	,	PUNCT
ajfa-10871	531	9	&	&	CCONJ
ajfa-10871	531	10	ow	ow	PROPN
ajfa-10871	531	11	-	-	PUNCT
ajfa-10871	531	12	yong	yong	PROPN
ajfa-10871	531	13	,	,	PUNCT
ajfa-10871	531	14	k.	k.	PROPN
ajfa-10871	531	15	(	(	PUNCT
ajfa-10871	531	16	2012	2012	NUM
ajfa-10871	531	17	)	)	PUNCT
ajfa-10871	531	18	.	.	PUNCT
ajfa-10871	532	1	determinants	determinant	NOUN
ajfa-10871	532	2	of	of	ADP
ajfa-10871	532	3	corporate	corporate	ADJ
ajfa-10871	532	4	dividend	dividend	NOUN
ajfa-10871	532	5	policy	policy	NOUN
ajfa-10871	532	6	in	in	ADP
ajfa-10871	532	7	greece	greece	PROPN
ajfa-10871	532	8	.	.	PROPN
ajfa-10871	533	1	applied	apply	VERB
ajfa-10871	533	2	financial	financial	ADJ
ajfa-10871	533	3	economics	economic	NOUN
ajfa-10871	533	4	,	,	PUNCT
ajfa-10871	533	5	22(13	22(13	NUM
ajfa-10871	533	6	)	)	PUNCT
ajfa-10871	533	7	,	,	PUNCT
ajfa-10871	533	8	1079	1079	NUM
ajfa-10871	533	9	-	-	SYM
ajfa-10871	533	10	1087	1087	NUM
ajfa-10871	533	11	.	.	PUNCT
ajfa-10871	534	1	https://doi.org/10.1080/09603107.2011.639734	https://doi.org/10.1080/09603107.2011.639734	PROPN
ajfa-10871	534	2	pruitt	pruitt	PROPN
ajfa-10871	534	3	,	,	PUNCT
ajfa-10871	534	4	s.	s.	PROPN
ajfa-10871	534	5	w.	w.	PROPN
ajfa-10871	534	6	,	,	PUNCT
ajfa-10871	534	7	&	&	CCONJ
ajfa-10871	534	8	gitman	gitman	PROPN
ajfa-10871	534	9	,	,	PUNCT
ajfa-10871	534	10	l.	l.	PROPN
ajfa-10871	534	11	j.	j.	PROPN
ajfa-10871	534	12	(	(	PUNCT
ajfa-10871	534	13	1991	1991	NUM
ajfa-10871	534	14	)	)	PUNCT
ajfa-10871	534	15	.	.	PUNCT
ajfa-10871	535	1	the	the	DET
ajfa-10871	535	2	interactions	interaction	NOUN
ajfa-10871	535	3	between	between	ADP
ajfa-10871	535	4	the	the	DET
ajfa-10871	535	5	investment	investment	NOUN
ajfa-10871	535	6	,	,	PUNCT
ajfa-10871	535	7	financing	financing	NOUN
ajfa-10871	535	8	,	,	PUNCT
ajfa-10871	535	9	and	and	CCONJ
ajfa-10871	535	10	dividend	dividend	NOUN
ajfa-10871	535	11	decisions	decision	NOUN
ajfa-10871	535	12	of	of	ADP
ajfa-10871	535	13	major	major	ADJ
ajfa-10871	535	14	us	us	PROPN
ajfa-10871	535	15	firms	firm	NOUN
ajfa-10871	535	16	.	.	PUNCT
ajfa-10871	536	1	financial	financial	ADJ
ajfa-10871	536	2	review	review	PROPN
ajfa-10871	536	3	,	,	PUNCT
ajfa-10871	536	4	26(3	26(3	NUM
ajfa-10871	536	5	)	)	PUNCT
ajfa-10871	536	6	,	,	PUNCT
ajfa-10871	536	7	409	409	NUM
ajfa-10871	536	8	-	-	SYM
ajfa-10871	536	9	430	430	NUM
ajfa-10871	536	10	.	.	PUNCT
ajfa-10871	537	1	https://doi.org/10.1111/j.1540-6288.1991.tb00388.x	https://doi.org/10.1111/j.1540-6288.1991.tb00388.x	PROPN
ajfa-10871	537	2	rafique	rafique	PROPN
ajfa-10871	537	3	,	,	PUNCT
ajfa-10871	537	4	m.	m.	NOUN
ajfa-10871	537	5	(	(	PUNCT
ajfa-10871	537	6	2012	2012	NUM
ajfa-10871	537	7	)	)	PUNCT
ajfa-10871	537	8	.	.	PUNCT
ajfa-10871	538	1	factors	factor	NOUN
ajfa-10871	538	2	affecting	affect	VERB
ajfa-10871	538	3	dividend	dividend	NOUN
ajfa-10871	538	4	payout	payout	NOUN
ajfa-10871	538	5	:	:	PUNCT
ajfa-10871	538	6	evidence	evidence	NOUN
ajfa-10871	538	7	from	from	ADP
ajfa-10871	538	8	listed	list	VERB
ajfa-10871	538	9	non	non	ADJ
ajfa-10871	538	10	-	-	ADJ
ajfa-10871	538	11	financial	financial	ADJ
ajfa-10871	538	12	firms	firm	NOUN
ajfa-10871	538	13	of	of	ADP
ajfa-10871	538	14	karachi	karachi	PROPN
ajfa-10871	538	15	stock	stock	PROPN
ajfa-10871	538	16	exchange	exchange	PROPN
ajfa-10871	538	17	.	.	PUNCT
ajfa-10871	539	1	business	business	NOUN
ajfa-10871	539	2	management	management	NOUN
ajfa-10871	539	3	dynamics	dynamic	NOUN
ajfa-10871	539	4	,	,	PUNCT
ajfa-10871	539	5	1(11	1(11	NUM
ajfa-10871	539	6	)	)	PUNCT
ajfa-10871	539	7	,	,	PUNCT
ajfa-10871	539	8	76	76	NUM
ajfa-10871	539	9	-	-	SYM
ajfa-10871	539	10	92	92	NUM
ajfa-10871	539	11	.	.	PUNCT
ajfa-10871	540	1	ramachandran	ramachandran	PROPN
ajfa-10871	540	2	,	,	PUNCT
ajfa-10871	540	3	a.	a.	PROPN
ajfa-10871	540	4	,	,	PUNCT
ajfa-10871	540	5	&	&	CCONJ
ajfa-10871	540	6	packkirisamy	packkirisamy	PROPN
ajfa-10871	540	7	,	,	PUNCT
ajfa-10871	540	8	v.	v.	PROPN
ajfa-10871	540	9	(	(	PUNCT
ajfa-10871	540	10	2010	2010	NUM
ajfa-10871	540	11	)	)	PUNCT
ajfa-10871	540	12	.	.	PUNCT
ajfa-10871	541	1	the	the	DET
ajfa-10871	541	2	impact	impact	NOUN
ajfa-10871	541	3	of	of	ADP
ajfa-10871	541	4	firm	firm	ADJ
ajfa-10871	541	5	size	size	NOUN
ajfa-10871	541	6	on	on	ADP
ajfa-10871	541	7	dividend	dividend	NOUN
ajfa-10871	541	8	behaviour	behaviour	NOUN
ajfa-10871	541	9	:	:	PUNCT
ajfa-10871	541	10	a	a	DET
ajfa-10871	541	11	study	study	NOUN
ajfa-10871	541	12	with	with	ADP
ajfa-10871	541	13	reference	reference	NOUN
ajfa-10871	541	14	to	to	ADP
ajfa-10871	541	15	corporate	corporate	ADJ
ajfa-10871	541	16	firms	firm	NOUN
ajfa-10871	541	17	across	across	ADP
ajfa-10871	541	18	industries	industry	NOUN
ajfa-10871	541	19	in	in	ADP
ajfa-10871	541	20	india	india	PROPN
ajfa-10871	541	21	.	.	PUNCT
ajfa-10871	542	1	managing	manage	VERB
ajfa-10871	542	2	global	global	ADJ
ajfa-10871	542	3	transitions	transition	NOUN
ajfa-10871	542	4	,	,	PUNCT
ajfa-10871	542	5	8(1	8(1	NOUN
ajfa-10871	542	6	)	)	PUNCT
ajfa-10871	542	7	,	,	PUNCT
ajfa-10871	542	8	49	49	NUM
ajfa-10871	542	9	.	.	PUNCT
ajfa-10871	543	1	redding	redding	PROPN
ajfa-10871	543	2	,	,	PUNCT
ajfa-10871	543	3	l.	l.	PROPN
ajfa-10871	543	4	s.	s.	PROPN
ajfa-10871	543	5	(	(	PUNCT
ajfa-10871	543	6	1997	1997	NUM
ajfa-10871	543	7	)	)	PUNCT
ajfa-10871	543	8	.	.	PUNCT
ajfa-10871	544	1	firm	firm	ADJ
ajfa-10871	544	2	size	size	NOUN
ajfa-10871	544	3	and	and	CCONJ
ajfa-10871	544	4	dividend	dividend	NOUN
ajfa-10871	544	5	payouts	payout	NOUN
ajfa-10871	544	6	.	.	PUNCT
ajfa-10871	545	1	journal	journal	PROPN
ajfa-10871	545	2	of	of	ADP
ajfa-10871	545	3	financial	financial	ADJ
ajfa-10871	545	4	intermediation	intermediation	NOUN
ajfa-10871	545	5	,	,	PUNCT
ajfa-10871	545	6	6(3	6(3	NUM
ajfa-10871	545	7	)	)	PUNCT
ajfa-10871	545	8	,	,	PUNCT
ajfa-10871	545	9	224	224	NUM
ajfa-10871	545	10	-	-	SYM
ajfa-10871	545	11	248	248	NUM
ajfa-10871	545	12	.	.	PUNCT
ajfa-10871	546	1	https://doi.org/10.1006/jfin.1997.0221	https://doi.org/10.1006/jfin.1997.0221	PROPN
ajfa-10871	546	2	rehman	rehman	PROPN
ajfa-10871	546	3	,	,	PUNCT
ajfa-10871	546	4	a.	a.	PROPN
ajfa-10871	546	5	,	,	PUNCT
ajfa-10871	546	6	&	&	CCONJ
ajfa-10871	546	7	takumi	takumi	PROPN
ajfa-10871	546	8	,	,	PUNCT
ajfa-10871	546	9	h.	h.	PROPN
ajfa-10871	546	10	(	(	PUNCT
ajfa-10871	546	11	2012	2012	NUM
ajfa-10871	546	12	)	)	PUNCT
ajfa-10871	546	13	.	.	PUNCT
ajfa-10871	547	1	determinants	determinant	NOUN
ajfa-10871	547	2	of	of	ADP
ajfa-10871	547	3	dividend	dividend	NOUN
ajfa-10871	547	4	payout	payout	NOUN
ajfa-10871	547	5	ratio	ratio	NOUN
ajfa-10871	547	6	:	:	PUNCT
ajfa-10871	547	7	evidence	evidence	NOUN
ajfa-10871	547	8	from	from	ADP
ajfa-10871	547	9	karachi	karachi	PROPN
ajfa-10871	547	10	stock	stock	PROPN
ajfa-10871	547	11	exchange	exchange	PROPN
ajfa-10871	547	12	(	(	PUNCT
ajfa-10871	547	13	kse	kse	PROPN
ajfa-10871	547	14	)	)	PUNCT
ajfa-10871	547	15	.	.	PUNCT
ajfa-10871	548	1	journal	journal	PROPN
ajfa-10871	548	2	of	of	ADP
ajfa-10871	548	3	contemporary	contemporary	ADJ
ajfa-10871	548	4	issues	issue	NOUN
ajfa-10871	548	5	in	in	ADP
ajfa-10871	548	6	business	business	NOUN
ajfa-10871	548	7	research	research	NOUN
ajfa-10871	548	8	,	,	PUNCT
ajfa-10871	548	9	1(1	1(1	NUM
ajfa-10871	548	10	)	)	PUNCT
ajfa-10871	548	11	,	,	PUNCT
ajfa-10871	548	12	20	20	NUM
ajfa-10871	548	13	-	-	SYM
ajfa-10871	548	14	27	27	NUM
ajfa-10871	548	15	.	.	PUNCT
ajfa-10871	549	1	rozeff	rozeff	NOUN
ajfa-10871	549	2	,	,	PUNCT
ajfa-10871	549	3	m.	m.	NOUN
ajfa-10871	549	4	s.	s.	PROPN
ajfa-10871	549	5	(	(	PUNCT
ajfa-10871	549	6	1982	1982	NUM
ajfa-10871	549	7	)	)	PUNCT
ajfa-10871	549	8	.	.	PUNCT
ajfa-10871	550	1	growth	growth	NOUN
ajfa-10871	550	2	,	,	PUNCT
ajfa-10871	550	3	beta	beta	NOUN
ajfa-10871	550	4	and	and	CCONJ
ajfa-10871	550	5	agency	agency	NOUN
ajfa-10871	550	6	costs	cost	NOUN
ajfa-10871	550	7	as	as	ADP
ajfa-10871	550	8	determinants	determinant	NOUN
ajfa-10871	550	9	of	of	ADP
ajfa-10871	550	10	dividend	dividend	NOUN
ajfa-10871	550	11	payout	payout	NOUN
ajfa-10871	550	12	ratios	ratio	NOUN
ajfa-10871	550	13	.	.	PUNCT
ajfa-10871	551	1	journal	journal	NOUN
ajfa-10871	551	2	of	of	ADP
ajfa-10871	551	3	financial	financial	ADJ
ajfa-10871	551	4	research	research	NOUN
ajfa-10871	551	5	,	,	PUNCT
ajfa-10871	551	6	5(3	5(3	NUM
ajfa-10871	551	7	)	)	PUNCT
ajfa-10871	551	8	,	,	PUNCT
ajfa-10871	551	9	249	249	NUM
ajfa-10871	551	10	-	-	SYM
ajfa-10871	551	11	259	259	NUM
ajfa-10871	551	12	.	.	PUNCT
ajfa-10871	552	1	https://doi.org/10.1111/j.1475-6803.1982.tb00299.x	https://doi.org/10.1111/j.1475-6803.1982.tb00299.x	PROPN
ajfa-10871	552	2	saad	saad	NOUN
ajfa-10871	552	3	,	,	PUNCT
ajfa-10871	552	4	k.	k.	PROPN
ajfa-10871	552	5	s.	s.	PROPN
ajfa-10871	552	6	(	(	PUNCT
ajfa-10871	552	7	2012	2012	NUM
ajfa-10871	552	8	)	)	PUNCT
ajfa-10871	552	9	.	.	PUNCT
ajfa-10871	553	1	an	an	DET
ajfa-10871	553	2	overview	overview	NOUN
ajfa-10871	553	3	of	of	ADP
ajfa-10871	553	4	the	the	DET
ajfa-10871	553	5	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	553	6	sector	sector	NOUN
ajfa-10871	553	7	in	in	ADP
ajfa-10871	553	8	bangladesh	bangladesh	PROPN
ajfa-10871	553	9	.	.	PUNCT
ajfa-10871	554	1	brac	brac	PROPN
ajfa-10871	554	2	epl	epl	PROPN
ajfa-10871	554	3	stock	stock	PROPN
ajfa-10871	554	4	brokerage	brokerage	NOUN
ajfa-10871	554	5	limited	limit	VERB
ajfa-10871	554	6	,	,	PUNCT
ajfa-10871	554	7	dhaka	dhaka	PROPN
ajfa-10871	554	8	.	.	PUNCT
ajfa-10871	555	1	saravanakumar	saravanakumar	PROPN
ajfa-10871	555	2	,	,	PUNCT
ajfa-10871	555	3	s.	s.	PROPN
ajfa-10871	555	4	(	(	PUNCT
ajfa-10871	555	5	2011	2011	NUM
ajfa-10871	555	6	)	)	PUNCT
ajfa-10871	555	7	.	.	PUNCT
ajfa-10871	556	1	determinants	determinant	NOUN
ajfa-10871	556	2	of	of	ADP
ajfa-10871	556	3	corporate	corporate	ADJ
ajfa-10871	556	4	dividend	dividend	NOUN
ajfa-10871	556	5	policy	policy	NOUN
ajfa-10871	556	6	.	.	PUNCT
ajfa-10871	557	1	asia	asia	PROPN
ajfa-10871	557	2	pacific	pacific	PROPN
ajfa-10871	557	3	business	business	PROPN
ajfa-10871	557	4	review	review	PROPN
ajfa-10871	557	5	,	,	PUNCT
ajfa-10871	557	6	7(2	7(2	NUM
ajfa-10871	557	7	)	)	PUNCT
ajfa-10871	557	8	,	,	PUNCT
ajfa-10871	557	9	25	25	NUM
ajfa-10871	557	10	-	-	SYM
ajfa-10871	557	11	36	36	NUM
ajfa-10871	557	12	.	.	PUNCT
ajfa-10871	558	1	https://doi.org/10.1177/097324701100700203	https://doi.org/10.1177/097324701100700203	VERB
ajfa-10871	558	2	asian	asian	ADJ
ajfa-10871	558	3	journal	journal	NOUN
ajfa-10871	558	4	of	of	ADP
ajfa-10871	558	5	finance	finance	PROPN
ajfa-10871	558	6	&	&	CCONJ
ajfa-10871	558	7	accounting	accounting	PROPN
ajfa-10871	558	8	issn	issn	PROPN
ajfa-10871	558	9	1946	1946	NUM
ajfa-10871	558	10	-	-	PUNCT
ajfa-10871	558	11	052x	052x	PROPN
ajfa-10871	558	12	2017	2017	NUM
ajfa-10871	558	13	,	,	PUNCT
ajfa-10871	558	14	vol	vol	NOUN
ajfa-10871	558	15	.	.	NOUN
ajfa-10871	558	16	9	9	NUM
ajfa-10871	558	17	,	,	PUNCT
ajfa-10871	558	18	no	no	INTJ
ajfa-10871	558	19	.	.	NOUN
ajfa-10871	558	20	1	1	NUM
ajfa-10871	558	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-10871	558	22	191	191	NUM
ajfa-10871	558	23	singhania	singhania	NOUN
ajfa-10871	558	24	,	,	PUNCT
ajfa-10871	558	25	m.	m.	NOUN
ajfa-10871	558	26	(	(	PUNCT
ajfa-10871	558	27	2006	2006	NUM
ajfa-10871	558	28	)	)	PUNCT
ajfa-10871	558	29	.	.	PUNCT
ajfa-10871	559	1	taxation	taxation	NOUN
ajfa-10871	559	2	and	and	CCONJ
ajfa-10871	559	3	corporate	corporate	ADJ
ajfa-10871	559	4	payout	payout	NOUN
ajfa-10871	559	5	policy	policy	NOUN
ajfa-10871	559	6	.	.	PUNCT
ajfa-10871	560	1	vikalpa	vikalpa	NOUN
ajfa-10871	560	2	,	,	PUNCT
ajfa-10871	560	3	31(4	31(4	NUM
ajfa-10871	560	4	)	)	PUNCT
ajfa-10871	560	5	,	,	PUNCT
ajfa-10871	560	6	47	47	NUM
ajfa-10871	560	7	-	-	SYM
ajfa-10871	560	8	66	66	NUM
ajfa-10871	560	9	.	.	PUNCT
ajfa-10871	561	1	travlos	travlo	NOUN
ajfa-10871	561	2	,	,	PUNCT
ajfa-10871	561	3	n.	n.	NOUN
ajfa-10871	561	4	,	,	PUNCT
ajfa-10871	561	5	trigeorgis	trigeorgis	PROPN
ajfa-10871	561	6	,	,	PUNCT
ajfa-10871	561	7	l.	l.	PROPN
ajfa-10871	561	8	,	,	PUNCT
ajfa-10871	561	9	&	&	CCONJ
ajfa-10871	561	10	vafeas	vafea	NOUN
ajfa-10871	561	11	,	,	PUNCT
ajfa-10871	561	12	n.	n.	NOUN
ajfa-10871	561	13	(	(	PUNCT
ajfa-10871	561	14	2001	2001	NUM
ajfa-10871	561	15	)	)	PUNCT
ajfa-10871	561	16	.	.	PUNCT
ajfa-10871	562	1	shareholder	shareholder	NOUN
ajfa-10871	562	2	wealth	wealth	NOUN
ajfa-10871	562	3	effects	effect	NOUN
ajfa-10871	562	4	of	of	ADP
ajfa-10871	562	5	dividend	dividend	NOUN
ajfa-10871	562	6	policy	policy	NOUN
ajfa-10871	562	7	changes	change	NOUN
ajfa-10871	562	8	in	in	ADP
ajfa-10871	562	9	an	an	DET
ajfa-10871	562	10	emerging	emerge	VERB
ajfa-10871	562	11	stock	stock	NOUN
ajfa-10871	562	12	market	market	NOUN
ajfa-10871	562	13	.	.	PUNCT
ajfa-10871	563	1	multinational	multinational	ADJ
ajfa-10871	563	2	finance	finance	NOUN
ajfa-10871	563	3	journal	journal	NOUN
ajfa-10871	563	4	,	,	PUNCT
ajfa-10871	563	5	5(2	5(2	NUM
ajfa-10871	563	6	)	)	PUNCT
ajfa-10871	563	7	,	,	PUNCT
ajfa-10871	563	8	87	87	NUM
ajfa-10871	563	9	–	–	PUNCT
ajfa-10871	563	10	112	112	NUM
ajfa-10871	563	11	.	.	PUNCT
ajfa-10871	564	1	https://doi.org/10.17578/5-2-1	https://doi.org/10.17578/5-2-1	PROPN
ajfa-10871	564	2	vanduzer	vanduzer	NOUN
ajfa-10871	564	3	,	,	PUNCT
ajfa-10871	564	4	t.	t.	PROPN
ajfa-10871	564	5	(	(	PUNCT
ajfa-10871	564	6	2003	2003	NUM
ajfa-10871	564	7	)	)	PUNCT
ajfa-10871	564	8	.	.	PUNCT
ajfa-10871	565	1	trips	trip	NOUN
ajfa-10871	565	2	and	and	CCONJ
ajfa-10871	565	3	the	the	DET
ajfa-10871	565	4	pharmaceutical	pharmaceutical	NOUN
ajfa-10871	565	5	industry	industry	NOUN
ajfa-10871	565	6	in	in	ADP
ajfa-10871	565	7	bangladesh	bangladesh	NOUN
ajfa-10871	565	8	:	:	PUNCT
ajfa-10871	565	9	towards	towards	ADP
ajfa-10871	565	10	a	a	DET
ajfa-10871	565	11	national	national	ADJ
ajfa-10871	565	12	strategy	strategy	NOUN
ajfa-10871	565	13	(	(	PUNCT
ajfa-10871	565	14	no	no	INTJ
ajfa-10871	565	15	.	.	NOUN
ajfa-10871	565	16	24	24	NUM
ajfa-10871	565	17	)	)	PUNCT
ajfa-10871	565	18	.	.	PUNCT
ajfa-10871	566	1	centre	centre	NOUN
ajfa-10871	566	2	for	for	ADP
ajfa-10871	566	3	policy	policy	NOUN
ajfa-10871	566	4	dialogue	dialogue	NOUN
ajfa-10871	566	5	(	(	PUNCT
ajfa-10871	566	6	cpd	cpd	NOUN
ajfa-10871	566	7	)	)	PUNCT
ajfa-10871	566	8	.	.	PUNCT
ajfa-10871	567	1	vogt	vogt	PROPN
ajfa-10871	567	2	,	,	PUNCT
ajfa-10871	567	3	s.	s.	PROPN
ajfa-10871	567	4	c.	c.	PROPN
ajfa-10871	567	5	(	(	PUNCT
ajfa-10871	567	6	1994	1994	NUM
ajfa-10871	567	7	)	)	PUNCT
ajfa-10871	567	8	.	.	PUNCT
ajfa-10871	568	1	the	the	DET
ajfa-10871	568	2	cash	cash	NOUN
ajfa-10871	568	3	flow	flow	NOUN
ajfa-10871	568	4	/	/	SYM
ajfa-10871	568	5	investment	investment	NOUN
ajfa-10871	568	6	relationship	relationship	NOUN
ajfa-10871	568	7	:	:	PUNCT
ajfa-10871	568	8	evidence	evidence	NOUN
ajfa-10871	568	9	from	from	ADP
ajfa-10871	568	10	us	we	PRON
ajfa-10871	568	11	manufacturing	manufacturing	NOUN
ajfa-10871	568	12	firms	firm	NOUN
ajfa-10871	568	13	.	.	PUNCT
ajfa-10871	569	1	financial	financial	ADJ
ajfa-10871	569	2	management	management	NOUN
ajfa-10871	569	3	,	,	PUNCT
ajfa-10871	569	4	3	3	NUM
ajfa-10871	569	5	-	-	SYM
ajfa-10871	569	6	20	20	NUM
ajfa-10871	569	7	.	.	PUNCT
ajfa-10871	570	1	https://doi.org/10.2307/3665735	https://doi.org/10.2307/3665735	NOUN
ajfa-10871	570	2	world	world	PROPN
ajfa-10871	570	3	bank	bank	PROPN
ajfa-10871	570	4	.	.	PUNCT
ajfa-10871	571	1	(	(	PUNCT
ajfa-10871	571	2	2008	2008	NUM
ajfa-10871	571	3	)	)	PUNCT
ajfa-10871	571	4	.	.	PUNCT
ajfa-10871	572	1	public	public	ADJ
ajfa-10871	572	2	and	and	CCONJ
ajfa-10871	572	3	private	private	ADJ
ajfa-10871	572	4	sector	sector	NOUN
ajfa-10871	572	5	approaches	approach	NOUN
ajfa-10871	572	6	to	to	ADP
ajfa-10871	572	7	improving	improve	VERB
ajfa-10871	572	8	pharmaceutical	pharmaceutical	ADJ
ajfa-10871	572	9	quality	quality	NOUN
ajfa-10871	572	10	in	in	ADP
ajfa-10871	572	11	bangladesh	bangladesh	NOUN
ajfa-10871	572	12	.	.	PUNCT
ajfa-10871	573	1	dhaka	dhaka	PROPN
ajfa-10871	573	2	:	:	PUNCT
ajfa-10871	573	3	world	world	PROPN
ajfa-10871	573	4	bank	bank	PROPN
ajfa-10871	573	5	.	.	PUNCT
ajfa-10871	573	6	retrieved	retrieve	VERB
ajfa-10871	573	7	25	25	NUM
ajfa-10871	573	8	february	february	NOUN
ajfa-10871	573	9	2013	2013	NUM
ajfa-10871	573	10	from	from	ADP
ajfa-10871	573	11	http://siteresources.worldbank.org/intbangladesh/resources/pharmaceutical.pdf	http://siteresources.worldbank.org/intbangladesh/resources/pharmaceutical.pdf	PROPN
ajfa-10871	573	12	zameer	zameer	PROPN
ajfa-10871	573	13	,	,	PUNCT
ajfa-10871	573	14	h.	h.	PROPN
ajfa-10871	573	15	,	,	PUNCT
ajfa-10871	573	16	rasool	rasool	PROPN
ajfa-10871	573	17	,	,	PUNCT
ajfa-10871	573	18	s.	s.	PROPN
ajfa-10871	573	19	,	,	PUNCT
ajfa-10871	573	20	iqbal	iqbal	PROPN
ajfa-10871	573	21	,	,	PUNCT
ajfa-10871	573	22	s.	s.	PROPN
ajfa-10871	573	23	,	,	PUNCT
ajfa-10871	573	24	&	&	CCONJ
ajfa-10871	573	25	arshad	arshad	PROPN
ajfa-10871	573	26	,	,	PUNCT
ajfa-10871	573	27	u.	u.	PROPN
ajfa-10871	573	28	(	(	PUNCT
ajfa-10871	573	29	2013	2013	NUM
ajfa-10871	573	30	)	)	PUNCT
ajfa-10871	573	31	.	.	PUNCT
ajfa-10871	574	1	determinants	determinant	NOUN
ajfa-10871	574	2	of	of	ADP
ajfa-10871	574	3	dividend	dividend	NOUN
ajfa-10871	574	4	policy	policy	NOUN
ajfa-10871	574	5	:	:	PUNCT
ajfa-10871	574	6	a	a	DET
ajfa-10871	574	7	case	case	NOUN
ajfa-10871	574	8	of	of	ADP
ajfa-10871	574	9	banking	banking	NOUN
ajfa-10871	574	10	sector	sector	NOUN
ajfa-10871	574	11	in	in	ADP
ajfa-10871	574	12	pakistan	pakistan	PROPN
ajfa-10871	574	13	.	.	PUNCT
ajfa-10871	575	1	middle	middle	ADJ
ajfa-10871	575	2	-	-	PUNCT
ajfa-10871	575	3	east	east	NOUN
ajfa-10871	575	4	journal	journal	NOUN
ajfa-10871	575	5	of	of	ADP
ajfa-10871	575	6	scientific	scientific	ADJ
ajfa-10871	575	7	research	research	NOUN
ajfa-10871	575	8	,	,	PUNCT
ajfa-10871	575	9	18(3	18(3	NUM
ajfa-10871	575	10	)	)	PUNCT
ajfa-10871	575	11	,	,	PUNCT
ajfa-10871	575	12	410	410	NUM
ajfa-10871	575	13	-	-	SYM
ajfa-10871	575	14	424	424	NUM
ajfa-10871	575	15	.	.	PUNCT