id	sid	tid	token	lemma	pos
ajfa-11193	1	1	microsoft	microsoft	PROPN
ajfa-11193	1	2	word	word	NOUN
ajfa-11193	1	3	11193	11193	NUM
ajfa-11193	1	4	-	-	SYM
ajfa-11193	1	5	41277	41277	NUM
ajfa-11193	1	6	-	-	PUNCT
ajfa-11193	1	7	1	1	NUM
ajfa-11193	1	8	-	-	PUNCT
ajfa-11193	1	9	sm	sm	NOUN
ajfa-11193	1	10	-	-	PUNCT
ajfa-11193	1	11	writer2	writer2	VERB
ajfa-11193	1	12	-	-	ADJ
ajfa-11193	1	13	new	new	ADJ
ajfa-11193	1	14	asian	asian	ADJ
ajfa-11193	1	15	journal	journal	NOUN
ajfa-11193	1	16	of	of	ADP
ajfa-11193	1	17	finance	finance	PROPN
ajfa-11193	1	18	&	&	CCONJ
ajfa-11193	1	19	accounting	accounting	PROPN
ajfa-11193	1	20	issn	issn	PROPN
ajfa-11193	1	21	1946	1946	NUM
ajfa-11193	1	22	-	-	PUNCT
ajfa-11193	1	23	052x	052x	PROPN
ajfa-11193	1	24	2017	2017	NUM
ajfa-11193	1	25	,	,	PUNCT
ajfa-11193	1	26	vol	vol	NOUN
ajfa-11193	1	27	.	.	NOUN
ajfa-11193	1	28	9	9	NUM
ajfa-11193	1	29	,	,	PUNCT
ajfa-11193	1	30	no	no	INTJ
ajfa-11193	1	31	.	.	NOUN
ajfa-11193	1	32	1	1	NUM
ajfa-11193	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	1	34	396	396	NUM
ajfa-11193	1	35	factors	factor	NOUN
ajfa-11193	1	36	affecting	affect	VERB
ajfa-11193	1	37	the	the	DET
ajfa-11193	1	38	profitability	profitability	NOUN
ajfa-11193	1	39	of	of	ADP
ajfa-11193	1	40	indonesian	indonesian	ADJ
ajfa-11193	1	41	real	real	ADJ
ajfa-11193	1	42	estate	estate	NOUN
ajfa-11193	1	43	publicly	publicly	ADV
ajfa-11193	1	44	-	-	PUNCT
ajfa-11193	1	45	listed	list	VERB
ajfa-11193	1	46	companies	company	NOUN
ajfa-11193	1	47	dr	dr	PROPN
ajfa-11193	1	48	.	.	PROPN
ajfa-11193	1	49	john	john	PROPN
ajfa-11193	1	50	francis	francis	PROPN
ajfa-11193	1	51	t.	t.	PROPN
ajfa-11193	1	52	diaz	diaz	PROPN
ajfa-11193	1	53	,	,	PUNCT
ajfa-11193	1	54	associate	associate	ADJ
ajfa-11193	1	55	professor	professor	NOUN
ajfa-11193	1	56	dept	dept	NOUN
ajfa-11193	1	57	.	.	PROPN
ajfa-11193	1	58	of	of	ADP
ajfa-11193	1	59	finance	finance	PROPN
ajfa-11193	1	60	,	,	PUNCT
ajfa-11193	1	61	chung	chung	PROPN
ajfa-11193	1	62	yuan	yuan	PROPN
ajfa-11193	1	63	christian	christian	PROPN
ajfa-11193	1	64	university	university	PROPN
ajfa-11193	2	1	no	no	INTJ
ajfa-11193	2	2	.	.	NOUN
ajfa-11193	2	3	200	200	NUM
ajfa-11193	2	4	,	,	PUNCT
ajfa-11193	2	5	zhongbei	zhongbei	NOUN
ajfa-11193	2	6	road	road	NOUN
ajfa-11193	2	7	,	,	PUNCT
ajfa-11193	2	8	zhongli	zhongli	NOUN
ajfa-11193	2	9	district	district	NOUN
ajfa-11193	2	10	,	,	PUNCT
ajfa-11193	2	11	taoyuan	taoyuan	PROPN
ajfa-11193	2	12	city	city	PROPN
ajfa-11193	2	13	,	,	PUNCT
ajfa-11193	2	14	taiwan	taiwan	PROPN
ajfa-11193	2	15	tel	tel	PROPN
ajfa-11193	2	16	:	:	PUNCT
ajfa-11193	2	17	1	1	NUM
ajfa-11193	2	18	-	-	NUM
ajfa-11193	2	19	416	416	NUM
ajfa-11193	2	20	-	-	PUNCT
ajfa-11193	2	21	777	777	NUM
ajfa-11193	2	22	-	-	SYM
ajfa-11193	2	23	7777	7777	NUM
ajfa-11193	2	24	e	e	NOUN
ajfa-11193	2	25	-	-	NOUN
ajfa-11193	2	26	mail	mail	NOUN
ajfa-11193	2	27	:	:	PUNCT
ajfa-11193	2	28	johnfrancis_diaz@yahoo.com	johnfrancis_diaz@yahoo.com	PROPN
ajfa-11193	2	29	martha	martha	PROPN
ajfa-11193	2	30	christianie	christianie	PROPN
ajfa-11193	2	31	tjokro	tjokro	PROPN
ajfa-11193	2	32	hindro	hindro	PROPN
ajfa-11193	2	33	dept	dept	PROPN
ajfa-11193	2	34	.	.	PROPN
ajfa-11193	2	35	of	of	ADP
ajfa-11193	2	36	business	business	NOUN
ajfa-11193	2	37	,	,	PUNCT
ajfa-11193	2	38	chung	chung	PROPN
ajfa-11193	2	39	yuan	yuan	PROPN
ajfa-11193	2	40	christian	christian	PROPN
ajfa-11193	2	41	university	university	PROPN
ajfa-11193	2	42	no	no	INTJ
ajfa-11193	2	43	.	.	NOUN
ajfa-11193	2	44	200	200	NUM
ajfa-11193	2	45	,	,	PUNCT
ajfa-11193	2	46	zhongbei	zhongbei	NOUN
ajfa-11193	2	47	road	road	NOUN
ajfa-11193	2	48	,	,	PUNCT
ajfa-11193	2	49	zhongli	zhongli	NOUN
ajfa-11193	2	50	district	district	NOUN
ajfa-11193	2	51	,	,	PUNCT
ajfa-11193	2	52	taoyuan	taoyuan	PROPN
ajfa-11193	2	53	city	city	PROPN
ajfa-11193	2	54	,	,	PUNCT
ajfa-11193	2	55	taiwan	taiwan	PROPN
ajfa-11193	2	56	tel	tel	PROPN
ajfa-11193	2	57	:	:	PUNCT
ajfa-11193	2	58	886	886	NUM
ajfa-11193	2	59	-	-	SYM
ajfa-11193	2	60	0975349102	0975349102	NUM
ajfa-11193	2	61	e	e	NOUN
ajfa-11193	2	62	-	-	NOUN
ajfa-11193	2	63	mail	mail	NOUN
ajfa-11193	2	64	:	:	PUNCT
ajfa-11193	2	65	martha.christianie@yahoo.com	martha.christianie@yahoo.com	NOUN
ajfa-11193	2	66	received	receive	VERB
ajfa-11193	2	67	:	:	PUNCT
ajfa-11193	2	68	may	may	AUX
ajfa-11193	2	69	8	8	NUM
ajfa-11193	2	70	,	,	PUNCT
ajfa-11193	2	71	2017	2017	NUM
ajfa-11193	2	72	accepted	accept	VERB
ajfa-11193	2	73	:	:	PUNCT
ajfa-11193	2	74	june	june	PROPN
ajfa-11193	2	75	12	12	NUM
ajfa-11193	2	76	,	,	PUNCT
ajfa-11193	2	77	2017	2017	NUM
ajfa-11193	2	78	published	publish	VERB
ajfa-11193	2	79	:	:	PUNCT
ajfa-11193	2	80	june	june	PROPN
ajfa-11193	2	81	12	12	NUM
ajfa-11193	2	82	,	,	PUNCT
ajfa-11193	2	83	2017	2017	NUM
ajfa-11193	2	84	doi:10.5296	doi:10.5296	NOUN
ajfa-11193	2	85	/	/	SYM
ajfa-11193	2	86	ajfa.v9i1.11193	ajfa.v9i1.11193	NUM
ajfa-11193	2	87	url	url	PROPN
ajfa-11193	2	88	:	:	PUNCT
ajfa-11193	2	89	http://dx.doi.org/10.5296/ajfa.v9i1.11193	http://dx.doi.org/10.5296/ajfa.v9i1.11193	NOUN
ajfa-11193	2	90	abstract	abstract	VERB
ajfa-11193	2	91	the	the	DET
ajfa-11193	2	92	research	research	NOUN
ajfa-11193	2	93	studies	study	VERB
ajfa-11193	2	94	the	the	DET
ajfa-11193	2	95	relationship	relationship	NOUN
ajfa-11193	2	96	between	between	ADP
ajfa-11193	2	97	eight	eight	NUM
ajfa-11193	2	98	firm	firm	ADJ
ajfa-11193	2	99	-	-	PUNCT
ajfa-11193	2	100	specific	specific	ADJ
ajfa-11193	2	101	factors	factor	NOUN
ajfa-11193	2	102	on	on	ADP
ajfa-11193	2	103	the	the	DET
ajfa-11193	2	104	profitability	profitability	NOUN
ajfa-11193	2	105	of	of	ADP
ajfa-11193	2	106	large-	large-	ADV
ajfa-11193	2	107	,	,	PUNCT
ajfa-11193	2	108	medium-	medium-	ADJ
ajfa-11193	2	109	,	,	PUNCT
ajfa-11193	2	110	and	and	CCONJ
ajfa-11193	2	111	small	small	ADJ
ajfa-11193	2	112	-	-	PUNCT
ajfa-11193	2	113	scale	scale	NOUN
ajfa-11193	2	114	real	real	ADJ
ajfa-11193	2	115	estate	estate	NOUN
ajfa-11193	2	116	indonesian	indonesian	ADJ
ajfa-11193	2	117	companies	company	NOUN
ajfa-11193	2	118	.	.	PUNCT
ajfa-11193	3	1	the	the	DET
ajfa-11193	3	2	data	datum	NOUN
ajfa-11193	3	3	uses	use	VERB
ajfa-11193	3	4	forty	forty	NUM
ajfa-11193	3	5	-	-	PUNCT
ajfa-11193	3	6	seven	seven	NUM
ajfa-11193	3	7	real	real	ADJ
ajfa-11193	3	8	estate	estate	NOUN
ajfa-11193	3	9	companies	company	NOUN
ajfa-11193	3	10	listed	list	VERB
ajfa-11193	3	11	in	in	ADP
ajfa-11193	3	12	the	the	DET
ajfa-11193	3	13	indonesian	indonesian	ADJ
ajfa-11193	3	14	stock	stock	PROPN
ajfa-11193	3	15	exchange	exchange	NOUN
ajfa-11193	3	16	from	from	ADP
ajfa-11193	3	17	2010	2010	NUM
ajfa-11193	3	18	to	to	ADP
ajfa-11193	3	19	2014	2014	NUM
ajfa-11193	3	20	.	.	PUNCT
ajfa-11193	4	1	the	the	DET
ajfa-11193	4	2	study	study	NOUN
ajfa-11193	4	3	utilized	utilize	VERB
ajfa-11193	4	4	multiple	multiple	ADJ
ajfa-11193	4	5	linear	linear	ADJ
ajfa-11193	4	6	panel	panel	NOUN
ajfa-11193	4	7	regression	regression	NOUN
ajfa-11193	4	8	models	model	NOUN
ajfa-11193	4	9	,	,	PUNCT
ajfa-11193	4	10	namely	namely	ADV
ajfa-11193	4	11	,	,	PUNCT
ajfa-11193	4	12	ordinary	ordinary	ADJ
ajfa-11193	4	13	least	least	ADJ
ajfa-11193	4	14	squares	square	NOUN
ajfa-11193	4	15	(	(	PUNCT
ajfa-11193	4	16	ols	ol	NOUN
ajfa-11193	4	17	)	)	PUNCT
ajfa-11193	4	18	,	,	PUNCT
ajfa-11193	4	19	fixed	fix	VERB
ajfa-11193	4	20	effects	effect	NOUN
ajfa-11193	4	21	(	(	PUNCT
ajfa-11193	4	22	fe	fe	NOUN
ajfa-11193	4	23	)	)	PUNCT
ajfa-11193	4	24	and	and	CCONJ
ajfa-11193	4	25	random	random	ADJ
ajfa-11193	4	26	effects	effect	NOUN
ajfa-11193	4	27	(	(	PUNCT
ajfa-11193	4	28	re	re	NOUN
ajfa-11193	4	29	)	)	PUNCT
ajfa-11193	4	30	in	in	ADP
ajfa-11193	4	31	examining	examine	VERB
ajfa-11193	4	32	the	the	DET
ajfa-11193	4	33	effect	effect	NOUN
ajfa-11193	4	34	on	on	ADP
ajfa-11193	4	35	the	the	DET
ajfa-11193	4	36	return	return	NOUN
ajfa-11193	4	37	on	on	ADP
ajfa-11193	4	38	asset	asset	NOUN
ajfa-11193	4	39	of	of	ADP
ajfa-11193	4	40	firm	firm	ADJ
ajfa-11193	4	41	-	-	PUNCT
ajfa-11193	4	42	specific	specific	ADJ
ajfa-11193	4	43	factors	factor	NOUN
ajfa-11193	4	44	,	,	PUNCT
ajfa-11193	4	45	which	which	PRON
ajfa-11193	4	46	include	include	VERB
ajfa-11193	4	47	:	:	PUNCT
ajfa-11193	4	48	number	number	NOUN
ajfa-11193	4	49	of	of	ADP
ajfa-11193	4	50	days	day	NOUN
ajfa-11193	4	51	account	account	NOUN
ajfa-11193	4	52	receivables	receivable	NOUN
ajfa-11193	4	53	,	,	PUNCT
ajfa-11193	4	54	number	number	NOUN
ajfa-11193	4	55	of	of	ADP
ajfa-11193	4	56	days	day	NOUN
ajfa-11193	4	57	inventory	inventory	NOUN
ajfa-11193	4	58	,	,	PUNCT
ajfa-11193	4	59	number	number	NOUN
ajfa-11193	4	60	of	of	ADP
ajfa-11193	4	61	days	day	NOUN
ajfa-11193	4	62	of	of	ADP
ajfa-11193	4	63	account	account	NOUN
ajfa-11193	4	64	payable	payable	ADJ
ajfa-11193	4	65	,	,	PUNCT
ajfa-11193	4	66	size	size	NOUN
ajfa-11193	4	67	of	of	ADP
ajfa-11193	4	68	the	the	DET
ajfa-11193	4	69	company	company	NOUN
ajfa-11193	4	70	,	,	PUNCT
ajfa-11193	4	71	current	current	ADJ
ajfa-11193	4	72	ratio	ratio	NOUN
ajfa-11193	4	73	,	,	PUNCT
ajfa-11193	4	74	debt	debt	NOUN
ajfa-11193	4	75	ratio	ratio	NOUN
ajfa-11193	4	76	,	,	PUNCT
ajfa-11193	4	77	sales	sale	NOUN
ajfa-11193	4	78	growth	growth	NOUN
ajfa-11193	4	79	,	,	PUNCT
ajfa-11193	4	80	and	and	CCONJ
ajfa-11193	4	81	tangibility	tangibility	NOUN
ajfa-11193	4	82	.	.	PUNCT
ajfa-11193	5	1	empirical	empirical	ADJ
ajfa-11193	5	2	findings	finding	NOUN
ajfa-11193	5	3	show	show	VERB
ajfa-11193	5	4	that	that	SCONJ
ajfa-11193	5	5	the	the	DET
ajfa-11193	5	6	number	number	NOUN
ajfa-11193	5	7	of	of	ADP
ajfa-11193	5	8	days	day	NOUN
ajfa-11193	5	9	account	account	NOUN
ajfa-11193	5	10	receivable	receivable	NOUN
ajfa-11193	5	11	has	have	VERB
ajfa-11193	5	12	negative	negative	ADJ
ajfa-11193	5	13	relationship	relationship	NOUN
ajfa-11193	5	14	with	with	ADP
ajfa-11193	5	15	profitability	profitability	NOUN
ajfa-11193	5	16	,	,	PUNCT
ajfa-11193	5	17	but	but	CCONJ
ajfa-11193	5	18	it	it	PRON
ajfa-11193	5	19	has	have	VERB
ajfa-11193	5	20	no	no	DET
ajfa-11193	5	21	effect	effect	NOUN
ajfa-11193	5	22	on	on	ADP
ajfa-11193	5	23	medium	medium	ADJ
ajfa-11193	5	24	-	-	PUNCT
ajfa-11193	5	25	size	size	NOUN
ajfa-11193	5	26	indonesian	indonesian	ADJ
ajfa-11193	5	27	real	real	ADJ
ajfa-11193	5	28	estate	estate	NOUN
ajfa-11193	5	29	companies	company	NOUN
ajfa-11193	5	30	.	.	PUNCT
ajfa-11193	6	1	the	the	DET
ajfa-11193	6	2	factor	factor	NOUN
ajfa-11193	6	3	number	number	NOUN
ajfa-11193	6	4	of	of	ADP
ajfa-11193	6	5	days	day	NOUN
ajfa-11193	6	6	inventories	inventory	NOUN
ajfa-11193	6	7	has	have	VERB
ajfa-11193	6	8	negative	negative	ADJ
ajfa-11193	6	9	relationship	relationship	NOUN
ajfa-11193	6	10	in	in	ADP
ajfa-11193	6	11	small	small	ADJ
ajfa-11193	6	12	-	-	PUNCT
ajfa-11193	6	13	size	size	NOUN
ajfa-11193	6	14	companies	company	NOUN
ajfa-11193	6	15	,	,	PUNCT
ajfa-11193	6	16	but	but	CCONJ
ajfa-11193	6	17	the	the	DET
ajfa-11193	6	18	inverse	inverse	NOUN
ajfa-11193	6	19	is	be	AUX
ajfa-11193	6	20	true	true	ADJ
ajfa-11193	6	21	for	for	ADP
ajfa-11193	6	22	large	large	ADJ
ajfa-11193	6	23	companies	company	NOUN
ajfa-11193	6	24	,	,	PUNCT
ajfa-11193	6	25	because	because	SCONJ
ajfa-11193	6	26	large	large	ADJ
ajfa-11193	6	27	real	real	ADJ
ajfa-11193	6	28	estate	estate	NOUN
ajfa-11193	6	29	firms	firm	NOUN
ajfa-11193	6	30	have	have	VERB
ajfa-11193	6	31	more	more	ADJ
ajfa-11193	6	32	liquid	liquid	ADJ
ajfa-11193	6	33	assets	asset	NOUN
ajfa-11193	6	34	that	that	PRON
ajfa-11193	6	35	covers	cover	VERB
ajfa-11193	6	36	maintenance	maintenance	NOUN
ajfa-11193	6	37	costs	cost	NOUN
ajfa-11193	6	38	related	relate	VERB
ajfa-11193	6	39	to	to	ADP
ajfa-11193	6	40	real	real	ADJ
ajfa-11193	6	41	estate	estate	NOUN
ajfa-11193	6	42	inventories	inventory	NOUN
ajfa-11193	6	43	.	.	PUNCT
ajfa-11193	7	1	size	size	NOUN
ajfa-11193	7	2	and	and	CCONJ
ajfa-11193	7	3	sales	sale	NOUN
ajfa-11193	7	4	growth	growth	NOUN
ajfa-11193	7	5	have	have	VERB
ajfa-11193	7	6	positive	positive	ADJ
ajfa-11193	7	7	relationship	relationship	NOUN
ajfa-11193	7	8	on	on	ADP
ajfa-11193	7	9	profitability	profitability	NOUN
ajfa-11193	7	10	for	for	ADP
ajfa-11193	7	11	both	both	CCONJ
ajfa-11193	7	12	large	large	ADJ
ajfa-11193	7	13	and	and	CCONJ
ajfa-11193	7	14	small	small	ADJ
ajfa-11193	7	15	indonesian	indonesian	ADJ
ajfa-11193	7	16	real	real	ADJ
ajfa-11193	7	17	estate	estate	NOUN
ajfa-11193	7	18	firms	firm	NOUN
ajfa-11193	7	19	.	.	PUNCT
ajfa-11193	8	1	on	on	ADP
ajfa-11193	8	2	one	one	NUM
ajfa-11193	8	3	hand	hand	NOUN
ajfa-11193	8	4	,	,	PUNCT
ajfa-11193	8	5	current	current	ADJ
ajfa-11193	8	6	ratio	ratio	NOUN
ajfa-11193	8	7	has	have	VERB
ajfa-11193	8	8	positive	positive	ADJ
ajfa-11193	8	9	relationship	relationship	NOUN
ajfa-11193	8	10	in	in	ADP
ajfa-11193	8	11	large	large	ADJ
ajfa-11193	8	12	companies	company	NOUN
ajfa-11193	8	13	,	,	PUNCT
ajfa-11193	8	14	while	while	SCONJ
ajfa-11193	8	15	a	a	DET
ajfa-11193	8	16	negative	negative	ADJ
ajfa-11193	8	17	relationship	relationship	NOUN
ajfa-11193	8	18	was	be	AUX
ajfa-11193	8	19	found	find	VERB
ajfa-11193	8	20	in	in	ADP
ajfa-11193	8	21	small	small	ADJ
ajfa-11193	8	22	companies	company	NOUN
ajfa-11193	8	23	,	,	PUNCT
ajfa-11193	8	24	because	because	SCONJ
ajfa-11193	8	25	of	of	ADP
ajfa-11193	8	26	the	the	DET
ajfa-11193	8	27	lower	low	ADJ
ajfa-11193	8	28	current	current	ADJ
ajfa-11193	8	29	asset	asset	NOUN
ajfa-11193	8	30	base	base	NOUN
ajfa-11193	8	31	usually	usually	ADV
ajfa-11193	8	32	being	be	AUX
ajfa-11193	8	33	experienced	experience	VERB
ajfa-11193	8	34	by	by	ADP
ajfa-11193	8	35	smaller	small	ADJ
ajfa-11193	8	36	real	real	ADJ
ajfa-11193	8	37	estate	estate	NOUN
ajfa-11193	8	38	firms	firm	NOUN
ajfa-11193	8	39	.	.	PUNCT
ajfa-11193	9	1	asian	asian	ADJ
ajfa-11193	9	2	journal	journal	PROPN
ajfa-11193	9	3	of	of	ADP
ajfa-11193	9	4	finance	finance	PROPN
ajfa-11193	9	5	&	&	CCONJ
ajfa-11193	9	6	accounting	accounting	PROPN
ajfa-11193	9	7	issn	issn	PROPN
ajfa-11193	9	8	1946	1946	NUM
ajfa-11193	9	9	-	-	PUNCT
ajfa-11193	9	10	052x	052x	PROPN
ajfa-11193	9	11	2017	2017	NUM
ajfa-11193	9	12	,	,	PUNCT
ajfa-11193	9	13	vol	vol	NOUN
ajfa-11193	9	14	.	.	NOUN
ajfa-11193	9	15	9	9	NUM
ajfa-11193	9	16	,	,	PUNCT
ajfa-11193	9	17	no	no	INTJ
ajfa-11193	9	18	.	.	NOUN
ajfa-11193	9	19	1	1	NUM
ajfa-11193	9	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	9	21	397	397	NUM
ajfa-11193	9	22	lastly	lastly	ADV
ajfa-11193	9	23	,	,	PUNCT
ajfa-11193	9	24	tangibility	tangibility	NOUN
ajfa-11193	9	25	has	have	VERB
ajfa-11193	9	26	negative	negative	ADJ
ajfa-11193	9	27	relationship	relationship	NOUN
ajfa-11193	9	28	with	with	ADP
ajfa-11193	9	29	profitability	profitability	NOUN
ajfa-11193	9	30	for	for	ADP
ajfa-11193	9	31	large	large	ADJ
ajfa-11193	9	32	companies	company	NOUN
ajfa-11193	9	33	,	,	PUNCT
ajfa-11193	9	34	while	while	SCONJ
ajfa-11193	9	35	the	the	DET
ajfa-11193	9	36	opposite	opposite	NOUN
ajfa-11193	9	37	is	be	AUX
ajfa-11193	9	38	true	true	ADJ
ajfa-11193	9	39	for	for	ADP
ajfa-11193	9	40	medium	medium	ADJ
ajfa-11193	9	41	-	-	PUNCT
ajfa-11193	9	42	sized	sized	ADJ
ajfa-11193	9	43	real	real	ADJ
ajfa-11193	9	44	estate	estate	NOUN
ajfa-11193	9	45	firms	firm	NOUN
ajfa-11193	9	46	.	.	PUNCT
ajfa-11193	10	1	findings	finding	NOUN
ajfa-11193	10	2	of	of	ADP
ajfa-11193	10	3	this	this	DET
ajfa-11193	10	4	research	research	NOUN
ajfa-11193	10	5	are	be	AUX
ajfa-11193	10	6	strong	strong	ADJ
ajfa-11193	10	7	in	in	ADP
ajfa-11193	10	8	using	use	VERB
ajfa-11193	10	9	two	two	NUM
ajfa-11193	10	10	panel	panel	NOUN
ajfa-11193	10	11	regression	regression	NOUN
ajfa-11193	10	12	models	model	NOUN
ajfa-11193	10	13	,	,	PUNCT
ajfa-11193	10	14	and	and	CCONJ
ajfa-11193	10	15	can	can	AUX
ajfa-11193	10	16	help	help	VERB
ajfa-11193	10	17	real	real	ADJ
ajfa-11193	10	18	estate	estate	NOUN
ajfa-11193	10	19	managers	manager	NOUN
ajfa-11193	10	20	have	have	VERB
ajfa-11193	10	21	a	a	DET
ajfa-11193	10	22	general	general	ADJ
ajfa-11193	10	23	perspective	perspective	NOUN
ajfa-11193	10	24	regarding	regard	VERB
ajfa-11193	10	25	determinants	determinant	NOUN
ajfa-11193	10	26	of	of	ADP
ajfa-11193	10	27	profitability	profitability	NOUN
ajfa-11193	10	28	in	in	ADP
ajfa-11193	10	29	the	the	DET
ajfa-11193	10	30	expanding	expand	VERB
ajfa-11193	10	31	indonesian	indonesian	ADJ
ajfa-11193	10	32	market	market	NOUN
ajfa-11193	10	33	.	.	PUNCT
ajfa-11193	11	1	this	this	DET
ajfa-11193	11	2	study	study	NOUN
ajfa-11193	11	3	also	also	ADV
ajfa-11193	11	4	provides	provide	VERB
ajfa-11193	11	5	fresh	fresh	ADJ
ajfa-11193	11	6	perspectives	perspective	NOUN
ajfa-11193	11	7	in	in	ADP
ajfa-11193	11	8	creating	create	VERB
ajfa-11193	11	9	suitable	suitable	ADJ
ajfa-11193	11	10	strategies	strategy	NOUN
ajfa-11193	11	11	to	to	ADP
ajfa-11193	11	12	controlling	control	VERB
ajfa-11193	11	13	factors	factor	NOUN
ajfa-11193	11	14	that	that	PRON
ajfa-11193	11	15	maximizes	maximize	VERB
ajfa-11193	11	16	profitability	profitability	NOUN
ajfa-11193	11	17	.	.	PUNCT
ajfa-11193	12	1	keywords	keyword	NOUN
ajfa-11193	12	2	:	:	PUNCT
ajfa-11193	12	3	profitability	profitability	NOUN
ajfa-11193	12	4	,	,	PUNCT
ajfa-11193	12	5	real	real	ADJ
ajfa-11193	12	6	estate	estate	NOUN
ajfa-11193	12	7	indonesia	indonesia	PROPN
ajfa-11193	12	8	,	,	PUNCT
ajfa-11193	12	9	return	return	VERB
ajfa-11193	12	10	on	on	ADP
ajfa-11193	12	11	asset	asset	NOUN
ajfa-11193	12	12	asian	asian	ADJ
ajfa-11193	12	13	journal	journal	NOUN
ajfa-11193	12	14	of	of	ADP
ajfa-11193	12	15	finance	finance	PROPN
ajfa-11193	12	16	&	&	CCONJ
ajfa-11193	12	17	accounting	accounting	PROPN
ajfa-11193	12	18	issn	issn	PROPN
ajfa-11193	12	19	1946	1946	NUM
ajfa-11193	12	20	-	-	PUNCT
ajfa-11193	12	21	052x	052x	PROPN
ajfa-11193	12	22	2017	2017	NUM
ajfa-11193	12	23	,	,	PUNCT
ajfa-11193	12	24	vol	vol	NOUN
ajfa-11193	12	25	.	.	NOUN
ajfa-11193	13	1	9	9	NUM
ajfa-11193	13	2	,	,	PUNCT
ajfa-11193	13	3	no	no	INTJ
ajfa-11193	13	4	.	.	NOUN
ajfa-11193	13	5	1	1	NUM
ajfa-11193	13	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	13	7	398	398	NUM
ajfa-11193	13	8	1	1	NUM
ajfa-11193	13	9	.	.	PUNCT
ajfa-11193	14	1	introduction	introduction	NOUN
ajfa-11193	14	2	the	the	DET
ajfa-11193	14	3	recovering	recover	VERB
ajfa-11193	14	4	global	global	ADJ
ajfa-11193	14	5	economy	economy	NOUN
ajfa-11193	14	6	,	,	PUNCT
ajfa-11193	14	7	particularly	particularly	ADV
ajfa-11193	14	8	of	of	ADP
ajfa-11193	14	9	the	the	DET
ajfa-11193	14	10	us	us	PROPN
ajfa-11193	14	11	has	have	AUX
ajfa-11193	14	12	been	be	AUX
ajfa-11193	14	13	setting	set	VERB
ajfa-11193	14	14	an	an	DET
ajfa-11193	14	15	uptrend	uptrend	NOUN
ajfa-11193	14	16	for	for	ADP
ajfa-11193	14	17	the	the	DET
ajfa-11193	14	18	real	real	ADJ
ajfa-11193	14	19	estate	estate	NOUN
ajfa-11193	14	20	industry	industry	NOUN
ajfa-11193	14	21	where	where	SCONJ
ajfa-11193	14	22	prices	price	NOUN
ajfa-11193	14	23	are	be	AUX
ajfa-11193	14	24	seen	see	VERB
ajfa-11193	14	25	to	to	PART
ajfa-11193	14	26	be	be	AUX
ajfa-11193	14	27	reaching	reach	VERB
ajfa-11193	14	28	equilibrium	equilibrium	NOUN
ajfa-11193	14	29	levels	level	NOUN
ajfa-11193	14	30	.	.	PUNCT
ajfa-11193	15	1	indeed	indeed	ADV
ajfa-11193	15	2	,	,	PUNCT
ajfa-11193	15	3	the	the	DET
ajfa-11193	15	4	subprime	subprime	ADJ
ajfa-11193	15	5	mortgage	mortgage	NOUN
ajfa-11193	15	6	crisis	crisis	NOUN
ajfa-11193	15	7	of	of	ADP
ajfa-11193	15	8	2008	2008	NUM
ajfa-11193	15	9	became	become	VERB
ajfa-11193	15	10	the	the	DET
ajfa-11193	15	11	biggest	big	ADJ
ajfa-11193	15	12	blow	blow	NOUN
ajfa-11193	15	13	to	to	ADP
ajfa-11193	15	14	the	the	DET
ajfa-11193	15	15	seem	seem	VERB
ajfa-11193	15	16	-	-	PUNCT
ajfa-11193	15	17	to	to	PART
ajfa-11193	15	18	-	-	PUNCT
ajfa-11193	15	19	be	be	AUX
ajfa-11193	15	20	-	-	PUNCT
ajfa-11193	15	21	invincible	invincible	ADJ
ajfa-11193	15	22	real	real	ADJ
ajfa-11193	15	23	estate	estate	NOUN
ajfa-11193	15	24	industry	industry	NOUN
ajfa-11193	15	25	in	in	ADP
ajfa-11193	15	26	recent	recent	ADJ
ajfa-11193	15	27	years	year	NOUN
ajfa-11193	15	28	.	.	PUNCT
ajfa-11193	16	1	however	however	ADV
ajfa-11193	16	2	,	,	PUNCT
ajfa-11193	16	3	investors	investor	NOUN
ajfa-11193	16	4	,	,	PUNCT
ajfa-11193	16	5	traders	trader	NOUN
ajfa-11193	16	6	,	,	PUNCT
ajfa-11193	16	7	speculators	speculator	NOUN
ajfa-11193	16	8	and	and	CCONJ
ajfa-11193	16	9	even	even	ADV
ajfa-11193	16	10	scholars	scholar	NOUN
ajfa-11193	16	11	are	be	AUX
ajfa-11193	16	12	keeping	keep	VERB
ajfa-11193	16	13	an	an	DET
ajfa-11193	16	14	eye	eye	NOUN
ajfa-11193	16	15	on	on	ADP
ajfa-11193	16	16	the	the	DET
ajfa-11193	16	17	industry	industry	NOUN
ajfa-11193	16	18	’s	’s	PART
ajfa-11193	16	19	current	current	ADJ
ajfa-11193	16	20	profitability	profitability	NOUN
ajfa-11193	16	21	because	because	SCONJ
ajfa-11193	16	22	of	of	ADP
ajfa-11193	16	23	the	the	DET
ajfa-11193	16	24	returning	return	VERB
ajfa-11193	16	25	prospect	prospect	NOUN
ajfa-11193	16	26	that	that	SCONJ
ajfa-11193	16	27	real	real	ADJ
ajfa-11193	16	28	estate	estate	NOUN
ajfa-11193	16	29	industry	industry	NOUN
ajfa-11193	16	30	still	still	ADV
ajfa-11193	16	31	has	have	AUX
ajfa-11193	16	32	a	a	DET
ajfa-11193	16	33	greater	great	ADJ
ajfa-11193	16	34	and	and	CCONJ
ajfa-11193	16	35	more	more	ADV
ajfa-11193	16	36	solid	solid	ADJ
ajfa-11193	16	37	value	value	NOUN
ajfa-11193	16	38	compared	compare	VERB
ajfa-11193	16	39	to	to	ADP
ajfa-11193	16	40	other	other	ADJ
ajfa-11193	16	41	investments	investment	NOUN
ajfa-11193	16	42	in	in	ADP
ajfa-11193	16	43	the	the	DET
ajfa-11193	16	44	long	long	ADJ
ajfa-11193	16	45	-	-	PUNCT
ajfa-11193	16	46	term	term	NOUN
ajfa-11193	16	47	.	.	PUNCT
ajfa-11193	17	1	the	the	DET
ajfa-11193	17	2	industry	industry	NOUN
ajfa-11193	17	3	is	be	AUX
ajfa-11193	17	4	experiencing	experience	VERB
ajfa-11193	17	5	renewed	renew	VERB
ajfa-11193	17	6	liquidity	liquidity	NOUN
ajfa-11193	17	7	,	,	PUNCT
ajfa-11193	17	8	because	because	SCONJ
ajfa-11193	17	9	of	of	ADP
ajfa-11193	17	10	the	the	DET
ajfa-11193	17	11	growing	grow	VERB
ajfa-11193	17	12	optimism	optimism	NOUN
ajfa-11193	17	13	in	in	ADP
ajfa-11193	17	14	the	the	DET
ajfa-11193	17	15	future	future	ADJ
ajfa-11193	17	16	prospects	prospect	NOUN
ajfa-11193	17	17	of	of	ADP
ajfa-11193	17	18	the	the	DET
ajfa-11193	17	19	industry	industry	NOUN
ajfa-11193	17	20	.	.	PUNCT
ajfa-11193	18	1	according	accord	VERB
ajfa-11193	18	2	to	to	ADP
ajfa-11193	18	3	an	an	DET
ajfa-11193	18	4	online	online	ADJ
ajfa-11193	18	5	survey	survey	NOUN
ajfa-11193	18	6	of	of	ADP
ajfa-11193	18	7	4,555	4,555	NUM
ajfa-11193	18	8	real	real	ADJ
ajfa-11193	18	9	estate	estate	NOUN
ajfa-11193	18	10	executives	executive	NOUN
ajfa-11193	18	11	conducted	conduct	VERB
ajfa-11193	18	12	by	by	ADP
ajfa-11193	18	13	the	the	DET
ajfa-11193	18	14	national	national	PROPN
ajfa-11193	18	15	association	association	PROPN
ajfa-11193	18	16	of	of	ADP
ajfa-11193	18	17	realtors	realtor	NOUN
ajfa-11193	18	18	profile	profile	VERB
ajfa-11193	18	19	of	of	ADP
ajfa-11193	18	20	real	real	ADJ
ajfa-11193	18	21	estate	estate	NOUN
ajfa-11193	18	22	firms	firm	NOUN
ajfa-11193	18	23	of	of	ADP
ajfa-11193	18	24	2015	2015	NUM
ajfa-11193	18	25	,	,	PUNCT
ajfa-11193	18	26	69	69	NUM
ajfa-11193	18	27	%	%	NOUN
ajfa-11193	18	28	of	of	ADP
ajfa-11193	18	29	residential	residential	ADJ
ajfa-11193	18	30	real	real	ADJ
ajfa-11193	18	31	estate	estate	NOUN
ajfa-11193	18	32	firms	firm	NOUN
ajfa-11193	18	33	are	be	AUX
ajfa-11193	18	34	very	very	ADV
ajfa-11193	18	35	positive	positive	ADJ
ajfa-11193	18	36	of	of	ADP
ajfa-11193	18	37	the	the	DET
ajfa-11193	18	38	industry	industry	NOUN
ajfa-11193	18	39	,	,	PUNCT
ajfa-11193	18	40	and	and	CCONJ
ajfa-11193	18	41	are	be	AUX
ajfa-11193	18	42	expecting	expect	VERB
ajfa-11193	18	43	an	an	DET
ajfa-11193	18	44	increase	increase	NOUN
ajfa-11193	18	45	in	in	ADP
ajfa-11193	18	46	their	their	PRON
ajfa-11193	18	47	net	net	ADJ
ajfa-11193	18	48	income	income	NOUN
ajfa-11193	18	49	next	next	ADJ
ajfa-11193	18	50	year	year	NOUN
ajfa-11193	18	51	.	.	PUNCT
ajfa-11193	19	1	however	however	ADV
ajfa-11193	19	2	,	,	PUNCT
ajfa-11193	19	3	46	46	NUM
ajfa-11193	19	4	%	%	NOUN
ajfa-11193	19	5	still	still	ADV
ajfa-11193	19	6	cited	cite	VERB
ajfa-11193	19	7	that	that	SCONJ
ajfa-11193	19	8	keeping	keep	VERB
ajfa-11193	19	9	liquidity	liquidity	NOUN
ajfa-11193	19	10	and	and	CCONJ
ajfa-11193	19	11	profitability	profitability	NOUN
ajfa-11193	19	12	may	may	AUX
ajfa-11193	19	13	still	still	ADV
ajfa-11193	19	14	be	be	AUX
ajfa-11193	19	15	the	the	DET
ajfa-11193	19	16	big	big	ADJ
ajfa-11193	19	17	challenges	challenge	NOUN
ajfa-11193	19	18	in	in	ADP
ajfa-11193	19	19	the	the	DET
ajfa-11193	19	20	next	next	ADJ
ajfa-11193	19	21	two	two	NUM
ajfa-11193	19	22	years	year	NOUN
ajfa-11193	19	23	,	,	PUNCT
ajfa-11193	19	24	because	because	SCONJ
ajfa-11193	19	25	of	of	ADP
ajfa-11193	19	26	the	the	DET
ajfa-11193	19	27	shock	shock	NOUN
ajfa-11193	19	28	caused	cause	VERB
ajfa-11193	19	29	by	by	ADP
ajfa-11193	19	30	the	the	DET
ajfa-11193	19	31	recent	recent	ADJ
ajfa-11193	19	32	crisis	crisis	NOUN
ajfa-11193	19	33	.	.	PUNCT
ajfa-11193	20	1	the	the	DET
ajfa-11193	20	2	subprime	subprime	ADJ
ajfa-11193	20	3	meltdown	meltdown	NOUN
ajfa-11193	20	4	made	make	VERB
ajfa-11193	20	5	industry	industry	NOUN
ajfa-11193	20	6	players	player	NOUN
ajfa-11193	20	7	very	very	ADV
ajfa-11193	20	8	cautious	cautious	ADJ
ajfa-11193	20	9	in	in	ADP
ajfa-11193	20	10	maintaining	maintain	VERB
ajfa-11193	20	11	sufficient	sufficient	ADJ
ajfa-11193	20	12	inventories	inventory	NOUN
ajfa-11193	20	13	,	,	PUNCT
ajfa-11193	20	14	and	and	CCONJ
ajfa-11193	20	15	in	in	ADP
ajfa-11193	20	16	monitoring	monitor	VERB
ajfa-11193	20	17	local	local	ADJ
ajfa-11193	20	18	and	and	CCONJ
ajfa-11193	20	19	regional	regional	ADJ
ajfa-11193	20	20	economic	economic	ADJ
ajfa-11193	20	21	conditions	condition	NOUN
ajfa-11193	20	22	.	.	PUNCT
ajfa-11193	21	1	liquidity	liquidity	NOUN
ajfa-11193	21	2	and	and	CCONJ
ajfa-11193	21	3	profitability	profitability	NOUN
ajfa-11193	21	4	as	as	SCONJ
ajfa-11193	21	5	the	the	DET
ajfa-11193	21	6	major	major	ADJ
ajfa-11193	21	7	concerns	concern	NOUN
ajfa-11193	21	8	nowadays	nowadays	ADV
ajfa-11193	21	9	have	have	AUX
ajfa-11193	21	10	been	be	AUX
ajfa-11193	21	11	studied	study	VERB
ajfa-11193	21	12	by	by	ADP
ajfa-11193	21	13	gitman	gitman	PROPN
ajfa-11193	21	14	(	(	PUNCT
ajfa-11193	21	15	1974	1974	NUM
ajfa-11193	21	16	)	)	PUNCT
ajfa-11193	21	17	,	,	PUNCT
ajfa-11193	21	18	and	and	CCONJ
ajfa-11193	21	19	introduced	introduce	VERB
ajfa-11193	21	20	the	the	DET
ajfa-11193	21	21	model	model	NOUN
ajfa-11193	21	22	to	to	PART
ajfa-11193	21	23	measure	measure	VERB
ajfa-11193	21	24	liquidity	liquidity	NOUN
ajfa-11193	21	25	with	with	ADP
ajfa-11193	21	26	its	its	PRON
ajfa-11193	21	27	study	study	NOUN
ajfa-11193	21	28	of	of	ADP
ajfa-11193	21	29	the	the	DET
ajfa-11193	21	30	cash	cash	NOUN
ajfa-11193	21	31	conversion	conversion	NOUN
ajfa-11193	21	32	cycle	cycle	NOUN
ajfa-11193	21	33	(	(	PUNCT
ajfa-11193	21	34	ccc	ccc	PROPN
ajfa-11193	21	35	)	)	PUNCT
ajfa-11193	21	36	,	,	PUNCT
ajfa-11193	21	37	which	which	PRON
ajfa-11193	21	38	offers	offer	VERB
ajfa-11193	21	39	a	a	DET
ajfa-11193	21	40	potential	potential	ADJ
ajfa-11193	21	41	gauge	gauge	NOUN
ajfa-11193	21	42	for	for	ADP
ajfa-11193	21	43	businesses	business	NOUN
ajfa-11193	21	44	with	with	ADP
ajfa-11193	21	45	longer	long	ADJ
ajfa-11193	21	46	cycles	cycle	NOUN
ajfa-11193	21	47	.	.	PUNCT
ajfa-11193	22	1	ccc	ccc	PROPN
ajfa-11193	22	2	measures	measure	VERB
ajfa-11193	22	3	the	the	DET
ajfa-11193	22	4	number	number	NOUN
ajfa-11193	22	5	of	of	ADP
ajfa-11193	22	6	days	day	NOUN
ajfa-11193	22	7	accounts	account	VERB
ajfa-11193	22	8	receivable	receivable	ADJ
ajfa-11193	22	9	,	,	PUNCT
ajfa-11193	22	10	the	the	DET
ajfa-11193	22	11	number	number	NOUN
ajfa-11193	22	12	of	of	ADP
ajfa-11193	22	13	days	day	NOUN
ajfa-11193	22	14	inventories	inventory	NOUN
ajfa-11193	22	15	,	,	PUNCT
ajfa-11193	22	16	and	and	CCONJ
ajfa-11193	22	17	the	the	DET
ajfa-11193	22	18	number	number	NOUN
ajfa-11193	22	19	of	of	ADP
ajfa-11193	22	20	days	day	NOUN
ajfa-11193	22	21	accounts	account	VERB
ajfa-11193	22	22	payable	payable	ADJ
ajfa-11193	22	23	,	,	PUNCT
ajfa-11193	22	24	and	and	CCONJ
ajfa-11193	22	25	the	the	DET
ajfa-11193	22	26	study	study	NOUN
ajfa-11193	22	27	of	of	ADP
ajfa-11193	22	28	deloof	deloof	NOUN
ajfa-11193	22	29	(	(	PUNCT
ajfa-11193	22	30	2003	2003	NUM
ajfa-11193	22	31	)	)	PUNCT
ajfa-11193	22	32	has	have	AUX
ajfa-11193	22	33	proven	prove	VERB
ajfa-11193	22	34	that	that	SCONJ
ajfa-11193	22	35	ccc	ccc	PROPN
ajfa-11193	22	36	influences	influence	VERB
ajfa-11193	22	37	the	the	DET
ajfa-11193	22	38	profitability	profitability	NOUN
ajfa-11193	22	39	of	of	ADP
ajfa-11193	22	40	a	a	DET
ajfa-11193	22	41	company	company	NOUN
ajfa-11193	22	42	.	.	PUNCT
ajfa-11193	23	1	in	in	ADP
ajfa-11193	23	2	terms	term	NOUN
ajfa-11193	23	3	of	of	ADP
ajfa-11193	23	4	real	real	ADJ
ajfa-11193	23	5	estate	estate	NOUN
ajfa-11193	23	6	and	and	CCONJ
ajfa-11193	23	7	construction	construction	NOUN
ajfa-11193	23	8	industries	industry	NOUN
ajfa-11193	23	9	,	,	PUNCT
ajfa-11193	23	10	mehta	mehta	PROPN
ajfa-11193	23	11	(	(	PUNCT
ajfa-11193	23	12	2014	2014	NUM
ajfa-11193	23	13	)	)	PUNCT
ajfa-11193	23	14	examined	examine	VERB
ajfa-11193	23	15	publicly	publicly	ADV
ajfa-11193	23	16	-	-	PUNCT
ajfa-11193	23	17	listed	list	VERB
ajfa-11193	23	18	companies	company	NOUN
ajfa-11193	23	19	in	in	ADP
ajfa-11193	23	20	the	the	DET
ajfa-11193	23	21	abu	abu	PROPN
ajfa-11193	23	22	dhabi	dhabi	PROPN
ajfa-11193	23	23	stock	stock	PROPN
ajfa-11193	23	24	exchange	exchange	PROPN
ajfa-11193	23	25	and	and	CCONJ
ajfa-11193	23	26	showed	show	VERB
ajfa-11193	23	27	that	that	SCONJ
ajfa-11193	23	28	with	with	ADP
ajfa-11193	23	29	longer	long	ADJ
ajfa-11193	23	30	ccc	ccc	NOUN
ajfa-11193	23	31	,	,	PUNCT
ajfa-11193	23	32	the	the	PRON
ajfa-11193	23	33	lesser	less	ADJ
ajfa-11193	23	34	the	the	DET
ajfa-11193	23	35	profitability	profitability	NOUN
ajfa-11193	23	36	of	of	ADP
ajfa-11193	23	37	the	the	DET
ajfa-11193	23	38	companies	company	NOUN
ajfa-11193	23	39	.	.	PUNCT
ajfa-11193	24	1	moreover	moreover	ADV
ajfa-11193	24	2	,	,	PUNCT
ajfa-11193	24	3	hammes	hamme	NOUN
ajfa-11193	24	4	and	and	CCONJ
ajfa-11193	24	5	chen	chen	PROPN
ajfa-11193	24	6	(	(	PUNCT
ajfa-11193	24	7	2005	2005	NUM
ajfa-11193	24	8	)	)	PUNCT
ajfa-11193	24	9	earlier	early	ADV
ajfa-11193	24	10	noticed	notice	VERB
ajfa-11193	24	11	that	that	SCONJ
ajfa-11193	24	12	the	the	DET
ajfa-11193	24	13	determinants	determinant	NOUN
ajfa-11193	24	14	of	of	ADP
ajfa-11193	24	15	firm	firm	NOUN
ajfa-11193	24	16	’s	’s	PART
ajfa-11193	24	17	profitability	profitability	NOUN
ajfa-11193	24	18	in	in	ADP
ajfa-11193	24	19	one	one	NUM
ajfa-11193	24	20	country	country	NOUN
ajfa-11193	24	21	compare	compare	VERB
ajfa-11193	24	22	to	to	ADP
ajfa-11193	24	23	the	the	DET
ajfa-11193	24	24	others	other	NOUN
ajfa-11193	24	25	could	could	AUX
ajfa-11193	24	26	be	be	AUX
ajfa-11193	24	27	the	the	DET
ajfa-11193	24	28	same	same	ADJ
ajfa-11193	24	29	,	,	PUNCT
ajfa-11193	24	30	but	but	CCONJ
ajfa-11193	24	31	the	the	DET
ajfa-11193	24	32	result	result	NOUN
ajfa-11193	24	33	in	in	ADP
ajfa-11193	24	34	the	the	DET
ajfa-11193	24	35	different	different	ADJ
ajfa-11193	24	36	aspects	aspect	NOUN
ajfa-11193	24	37	like	like	ADP
ajfa-11193	24	38	liquidity	liquidity	NOUN
ajfa-11193	24	39	and	and	CCONJ
ajfa-11193	24	40	leverage	leverage	NOUN
ajfa-11193	24	41	depend	depend	VERB
ajfa-11193	24	42	on	on	ADP
ajfa-11193	24	43	the	the	DET
ajfa-11193	24	44	general	general	ADJ
ajfa-11193	24	45	economic	economic	ADJ
ajfa-11193	24	46	conditions	condition	NOUN
ajfa-11193	24	47	of	of	ADP
ajfa-11193	24	48	a	a	DET
ajfa-11193	24	49	country	country	NOUN
ajfa-11193	24	50	.	.	PUNCT
ajfa-11193	25	1	this	this	PRON
ajfa-11193	25	2	was	be	AUX
ajfa-11193	25	3	supported	support	VERB
ajfa-11193	25	4	by	by	ADP
ajfa-11193	25	5	their	their	PRON
ajfa-11193	25	6	study	study	NOUN
ajfa-11193	25	7	regarding	regard	VERB
ajfa-11193	25	8	private	private	ADJ
ajfa-11193	25	9	property	property	NOUN
ajfa-11193	25	10	companies	company	NOUN
ajfa-11193	25	11	in	in	ADP
ajfa-11193	25	12	13	13	NUM
ajfa-11193	25	13	european	european	ADJ
ajfa-11193	25	14	countries	country	NOUN
ajfa-11193	25	15	.	.	PUNCT
ajfa-11193	26	1	companies	company	NOUN
ajfa-11193	26	2	with	with	ADP
ajfa-11193	26	3	businesses	business	NOUN
ajfa-11193	26	4	related	relate	VERB
ajfa-11193	26	5	to	to	ADP
ajfa-11193	26	6	the	the	DET
ajfa-11193	26	7	real	real	ADJ
ajfa-11193	26	8	estate	estate	NOUN
ajfa-11193	26	9	and	and	CCONJ
ajfa-11193	26	10	property	property	NOUN
ajfa-11193	26	11	sectors	sector	NOUN
ajfa-11193	26	12	in	in	ADP
ajfa-11193	26	13	indonesia	indonesia	PROPN
ajfa-11193	26	14	are	be	AUX
ajfa-11193	26	15	still	still	ADV
ajfa-11193	26	16	expected	expect	VERB
ajfa-11193	26	17	to	to	PART
ajfa-11193	26	18	be	be	AUX
ajfa-11193	26	19	promising	promise	VERB
ajfa-11193	26	20	and	and	CCONJ
ajfa-11193	26	21	profitable	profitable	ADJ
ajfa-11193	26	22	for	for	ADP
ajfa-11193	26	23	two	two	NUM
ajfa-11193	26	24	main	main	ADJ
ajfa-11193	26	25	reasons	reason	NOUN
ajfa-11193	26	26	:	:	PUNCT
ajfa-11193	26	27	a	a	X
ajfa-11193	26	28	)	)	PUNCT
ajfa-11193	26	29	property	property	NOUN
ajfa-11193	26	30	prices	price	NOUN
ajfa-11193	26	31	in	in	ADP
ajfa-11193	26	32	indonesia	indonesia	PROPN
ajfa-11193	26	33	are	be	AUX
ajfa-11193	26	34	still	still	ADV
ajfa-11193	26	35	among	among	ADP
ajfa-11193	26	36	the	the	DET
ajfa-11193	26	37	cheapest	cheap	ADJ
ajfa-11193	26	38	in	in	ADP
ajfa-11193	26	39	the	the	DET
ajfa-11193	26	40	southeast	southeast	ADJ
ajfa-11193	26	41	asian	asian	ADJ
ajfa-11193	26	42	region	region	NOUN
ajfa-11193	26	43	;	;	PUNCT
ajfa-11193	26	44	and	and	CCONJ
ajfa-11193	26	45	b	b	X
ajfa-11193	26	46	)	)	PUNCT
ajfa-11193	26	47	a	a	DET
ajfa-11193	26	48	high	high	ADJ
ajfa-11193	26	49	demand	demand	NOUN
ajfa-11193	26	50	for	for	ADP
ajfa-11193	26	51	property	property	NOUN
ajfa-11193	26	52	is	be	AUX
ajfa-11193	26	53	still	still	ADV
ajfa-11193	26	54	present	present	ADJ
ajfa-11193	26	55	due	due	ADP
ajfa-11193	26	56	to	to	ADP
ajfa-11193	26	57	the	the	DET
ajfa-11193	26	58	large	large	ADJ
ajfa-11193	26	59	and	and	CCONJ
ajfa-11193	26	60	young	young	ADJ
ajfa-11193	26	61	indonesian	indonesian	ADJ
ajfa-11193	26	62	population	population	NOUN
ajfa-11193	26	63	.	.	PUNCT
ajfa-11193	27	1	these	these	PRON
ajfa-11193	27	2	mean	mean	VERB
ajfa-11193	27	3	that	that	SCONJ
ajfa-11193	27	4	properties	property	NOUN
ajfa-11193	27	5	are	be	AUX
ajfa-11193	27	6	still	still	ADV
ajfa-11193	27	7	affordable	affordable	ADJ
ajfa-11193	27	8	,	,	PUNCT
ajfa-11193	27	9	and	and	CCONJ
ajfa-11193	27	10	many	many	ADJ
ajfa-11193	27	11	more	more	ADJ
ajfa-11193	27	12	first	first	ADJ
ajfa-11193	27	13	house	house	NOUN
ajfa-11193	27	14	buyers	buyer	NOUN
ajfa-11193	27	15	are	be	AUX
ajfa-11193	27	16	yet	yet	ADV
ajfa-11193	27	17	to	to	PART
ajfa-11193	27	18	be	be	AUX
ajfa-11193	27	19	expected	expect	VERB
ajfa-11193	27	20	.	.	PUNCT
ajfa-11193	28	1	in	in	ADP
ajfa-11193	28	2	the	the	DET
ajfa-11193	28	3	beginning	beginning	NOUN
ajfa-11193	28	4	of	of	ADP
ajfa-11193	28	5	2012	2012	NUM
ajfa-11193	28	6	and	and	CCONJ
ajfa-11193	28	7	the	the	DET
ajfa-11193	28	8	first	first	ADJ
ajfa-11193	28	9	half	half	NOUN
ajfa-11193	28	10	of	of	ADP
ajfa-11193	28	11	2013	2013	NUM
ajfa-11193	28	12	,	,	PUNCT
ajfa-11193	28	13	indonesian	indonesian	ADJ
ajfa-11193	28	14	property	property	NOUN
ajfa-11193	28	15	developers	developer	NOUN
ajfa-11193	28	16	experienced	experience	VERB
ajfa-11193	28	17	a	a	DET
ajfa-11193	28	18	rapid	rapid	ADJ
ajfa-11193	28	19	growth	growth	NOUN
ajfa-11193	28	20	.	.	PUNCT
ajfa-11193	29	1	twenty	twenty	NUM
ajfa-11193	29	2	-	-	PUNCT
ajfa-11193	29	3	six	six	NUM
ajfa-11193	29	4	out	out	ADP
ajfa-11193	29	5	of	of	ADP
ajfa-11193	29	6	the	the	DET
ajfa-11193	29	7	forty	forty	NUM
ajfa-11193	29	8	-	-	PUNCT
ajfa-11193	29	9	five	five	NUM
ajfa-11193	29	10	real	real	ADJ
ajfa-11193	29	11	estate	estate	NOUN
ajfa-11193	29	12	companies	company	NOUN
ajfa-11193	29	13	experienced	experience	VERB
ajfa-11193	29	14	more	more	ADJ
ajfa-11193	29	15	than	than	ADP
ajfa-11193	29	16	50	50	NUM
ajfa-11193	29	17	%	%	NOUN
ajfa-11193	29	18	growth	growth	NOUN
ajfa-11193	29	19	on	on	ADP
ajfa-11193	29	20	profit	profit	NOUN
ajfa-11193	29	21	.	.	PUNCT
ajfa-11193	30	1	accordingly	accordingly	ADV
ajfa-11193	30	2	,	,	PUNCT
ajfa-11193	30	3	property	property	NOUN
ajfa-11193	30	4	prices	price	NOUN
ajfa-11193	30	5	rose	rise	VERB
ajfa-11193	30	6	nearly	nearly	ADV
ajfa-11193	30	7	30	30	NUM
ajfa-11193	30	8	%	%	NOUN
ajfa-11193	30	9	per	per	ADP
ajfa-11193	30	10	year	year	NOUN
ajfa-11193	30	11	between	between	ADP
ajfa-11193	30	12	2011	2011	NUM
ajfa-11193	30	13	and	and	CCONJ
ajfa-11193	30	14	2013	2013	NUM
ajfa-11193	30	15	.	.	PUNCT
ajfa-11193	31	1	this	this	DET
ajfa-11193	31	2	property	property	NOUN
ajfa-11193	31	3	boom	boom	NOUN
ajfa-11193	31	4	was	be	AUX
ajfa-11193	31	5	attributed	attribute	VERB
ajfa-11193	31	6	with	with	ADP
ajfa-11193	31	7	the	the	DET
ajfa-11193	31	8	strong	strong	ADJ
ajfa-11193	31	9	demand	demand	NOUN
ajfa-11193	31	10	,	,	PUNCT
ajfa-11193	31	11	and	and	CCONJ
ajfa-11193	31	12	increased	increase	VERB
ajfa-11193	31	13	demographic	demographic	ADJ
ajfa-11193	31	14	income	income	NOUN
ajfa-11193	31	15	.	.	PUNCT
ajfa-11193	32	1	middle	middle	ADJ
ajfa-11193	32	2	class	class	NOUN
ajfa-11193	32	3	consumers	consumer	NOUN
ajfa-11193	32	4	are	be	AUX
ajfa-11193	32	5	the	the	DET
ajfa-11193	32	6	biggest	big	ADJ
ajfa-11193	32	7	drivers	driver	NOUN
ajfa-11193	32	8	in	in	ADP
ajfa-11193	32	9	the	the	DET
ajfa-11193	32	10	residential	residential	ADJ
ajfa-11193	32	11	segment	segment	NOUN
ajfa-11193	32	12	,	,	PUNCT
ajfa-11193	32	13	and	and	CCONJ
ajfa-11193	32	14	became	become	VERB
ajfa-11193	32	15	the	the	DET
ajfa-11193	32	16	largest	large	ADJ
ajfa-11193	32	17	contributor	contributor	NOUN
ajfa-11193	32	18	to	to	ADP
ajfa-11193	32	19	indonesia	indonesia	PROPN
ajfa-11193	32	20	’s	’s	PART
ajfa-11193	32	21	property	property	NOUN
ajfa-11193	32	22	growth	growth	NOUN
ajfa-11193	32	23	;	;	PUNCT
ajfa-11193	32	24	about	about	ADV
ajfa-11193	32	25	60	60	NUM
ajfa-11193	32	26	%	%	NOUN
ajfa-11193	32	27	of	of	ADP
ajfa-11193	32	28	the	the	DET
ajfa-11193	32	29	total	total	ADJ
ajfa-11193	32	30	property	property	NOUN
ajfa-11193	32	31	sector	sector	NOUN
ajfa-11193	32	32	.	.	PUNCT
ajfa-11193	33	1	the	the	DET
ajfa-11193	33	2	expansion	expansion	NOUN
ajfa-11193	33	3	of	of	ADP
ajfa-11193	33	4	population	population	NOUN
ajfa-11193	33	5	complementing	complement	VERB
ajfa-11193	33	6	with	with	ADP
ajfa-11193	33	7	increasing	increase	VERB
ajfa-11193	33	8	urbanization	urbanization	NOUN
ajfa-11193	33	9	create	create	VERB
ajfa-11193	33	10	more	more	ADJ
ajfa-11193	33	11	asian	asian	ADJ
ajfa-11193	33	12	journal	journal	NOUN
ajfa-11193	33	13	of	of	ADP
ajfa-11193	33	14	finance	finance	PROPN
ajfa-11193	33	15	&	&	CCONJ
ajfa-11193	33	16	accounting	accounting	PROPN
ajfa-11193	33	17	issn	issn	PROPN
ajfa-11193	33	18	1946	1946	NUM
ajfa-11193	33	19	-	-	PUNCT
ajfa-11193	33	20	052x	052x	PROPN
ajfa-11193	33	21	2017	2017	NUM
ajfa-11193	33	22	,	,	PUNCT
ajfa-11193	33	23	vol	vol	NOUN
ajfa-11193	33	24	.	.	NOUN
ajfa-11193	34	1	9	9	NUM
ajfa-11193	34	2	,	,	PUNCT
ajfa-11193	34	3	no	no	INTJ
ajfa-11193	34	4	.	.	NOUN
ajfa-11193	34	5	1	1	NUM
ajfa-11193	34	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	34	7	399	399	NUM
ajfa-11193	34	8	demands	demand	NOUN
ajfa-11193	34	9	in	in	ADP
ajfa-11193	34	10	the	the	DET
ajfa-11193	34	11	future	future	NOUN
ajfa-11193	34	12	,	,	PUNCT
ajfa-11193	34	13	especially	especially	ADV
ajfa-11193	34	14	that	that	SCONJ
ajfa-11193	34	15	50	50	NUM
ajfa-11193	34	16	%	%	NOUN
ajfa-11193	34	17	of	of	ADP
ajfa-11193	34	18	indonesia	indonesia	PROPN
ajfa-11193	34	19	’s	’s	PART
ajfa-11193	34	20	population	population	NOUN
ajfa-11193	34	21	is	be	AUX
ajfa-11193	34	22	below	below	ADP
ajfa-11193	34	23	the	the	DET
ajfa-11193	34	24	age	age	NOUN
ajfa-11193	34	25	of	of	ADP
ajfa-11193	34	26	30	30	NUM
ajfa-11193	34	27	,	,	PUNCT
ajfa-11193	34	28	which	which	PRON
ajfa-11193	34	29	is	be	AUX
ajfa-11193	34	30	the	the	DET
ajfa-11193	34	31	future	future	ADJ
ajfa-11193	34	32	consumers	consumer	NOUN
ajfa-11193	34	33	of	of	ADP
ajfa-11193	34	34	real	real	ADJ
ajfa-11193	34	35	estate	estate	NOUN
ajfa-11193	34	36	.	.	PUNCT
ajfa-11193	35	1	the	the	DET
ajfa-11193	35	2	united	united	PROPN
ajfa-11193	35	3	nations	nations	PROPN
ajfa-11193	35	4	(	(	PUNCT
ajfa-11193	35	5	un	un	PROPN
ajfa-11193	35	6	)	)	PUNCT
ajfa-11193	35	7	predicted	predict	VERB
ajfa-11193	35	8	that	that	SCONJ
ajfa-11193	35	9	by	by	ADP
ajfa-11193	35	10	2050	2050	NUM
ajfa-11193	35	11	,	,	PUNCT
ajfa-11193	35	12	two	two	NUM
ajfa-11193	35	13	-	-	PUNCT
ajfa-11193	35	14	thirds	third	NOUN
ajfa-11193	35	15	of	of	ADP
ajfa-11193	35	16	indonesia	indonesia	PROPN
ajfa-11193	35	17	’s	’s	PART
ajfa-11193	35	18	population	population	NOUN
ajfa-11193	35	19	is	be	AUX
ajfa-11193	35	20	expected	expect	VERB
ajfa-11193	35	21	to	to	PART
ajfa-11193	35	22	live	live	VERB
ajfa-11193	35	23	in	in	ADP
ajfa-11193	35	24	urban	urban	ADJ
ajfa-11193	35	25	areas	area	NOUN
ajfa-11193	35	26	(	(	PUNCT
ajfa-11193	35	27	schaar	schaar	NOUN
ajfa-11193	35	28	,	,	PUNCT
ajfa-11193	35	29	2015	2015	NUM
ajfa-11193	35	30	)	)	PUNCT
ajfa-11193	35	31	.	.	PUNCT
ajfa-11193	36	1	this	this	DET
ajfa-11193	36	2	trend	trend	NOUN
ajfa-11193	36	3	,	,	PUNCT
ajfa-11193	36	4	coupled	couple	VERB
ajfa-11193	36	5	with	with	ADP
ajfa-11193	36	6	limited	limited	ADJ
ajfa-11193	36	7	land	land	NOUN
ajfa-11193	36	8	in	in	ADP
ajfa-11193	36	9	urban	urban	ADJ
ajfa-11193	36	10	areas	area	NOUN
ajfa-11193	36	11	will	will	AUX
ajfa-11193	36	12	tend	tend	VERB
ajfa-11193	36	13	to	to	PART
ajfa-11193	36	14	make	make	VERB
ajfa-11193	36	15	prices	price	NOUN
ajfa-11193	36	16	to	to	PART
ajfa-11193	36	17	increase	increase	VERB
ajfa-11193	36	18	rapidly	rapidly	ADV
ajfa-11193	36	19	making	make	VERB
ajfa-11193	36	20	developers	developer	NOUN
ajfa-11193	36	21	to	to	PART
ajfa-11193	36	22	focus	focus	VERB
ajfa-11193	36	23	on	on	ADP
ajfa-11193	36	24	vertical	vertical	ADJ
ajfa-11193	36	25	residential	residential	ADJ
ajfa-11193	36	26	development	development	NOUN
ajfa-11193	36	27	,	,	PUNCT
ajfa-11193	36	28	such	such	ADJ
ajfa-11193	36	29	as	as	ADP
ajfa-11193	36	30	apartments	apartment	NOUN
ajfa-11193	36	31	and	and	CCONJ
ajfa-11193	36	32	condominiums	condominium	NOUN
ajfa-11193	36	33	.	.	PUNCT
ajfa-11193	37	1	the	the	DET
ajfa-11193	37	2	other	other	ADJ
ajfa-11193	37	3	factor	factor	NOUN
ajfa-11193	37	4	causing	cause	VERB
ajfa-11193	37	5	the	the	DET
ajfa-11193	37	6	property	property	NOUN
ajfa-11193	37	7	boom	boom	NOUN
ajfa-11193	37	8	was	be	AUX
ajfa-11193	37	9	the	the	DET
ajfa-11193	37	10	bank	bank	PROPN
ajfa-11193	37	11	indonesia	indonesia	PROPN
ajfa-11193	37	12	(	(	PUNCT
ajfa-11193	37	13	bi	bi	PROPN
ajfa-11193	37	14	)	)	PUNCT
ajfa-11193	37	15	,	,	PUNCT
ajfa-11193	37	16	the	the	DET
ajfa-11193	37	17	country	country	NOUN
ajfa-11193	37	18	’s	’s	PART
ajfa-11193	37	19	central	central	PROPN
ajfa-11193	37	20	bank	bank	NOUN
ajfa-11193	37	21	’s	’s	PART
ajfa-11193	37	22	easy	easy	ADJ
ajfa-11193	37	23	credit	credit	NOUN
ajfa-11193	37	24	policy	policy	NOUN
ajfa-11193	37	25	.	.	PUNCT
ajfa-11193	38	1	from	from	ADP
ajfa-11193	38	2	february	february	PROPN
ajfa-11193	38	3	2012	2012	NUM
ajfa-11193	38	4	until	until	ADP
ajfa-11193	38	5	the	the	DET
ajfa-11193	38	6	middle	middle	NOUN
ajfa-11193	38	7	of	of	ADP
ajfa-11193	38	8	2013	2013	NUM
ajfa-11193	38	9	,	,	PUNCT
ajfa-11193	38	10	the	the	DET
ajfa-11193	38	11	central	central	PROPN
ajfa-11193	38	12	bank	bank	NOUN
ajfa-11193	38	13	’s	’s	PART
ajfa-11193	38	14	rate	rate	NOUN
ajfa-11193	38	15	was	be	AUX
ajfa-11193	38	16	5.75	5.75	NUM
ajfa-11193	38	17	%	%	NOUN
ajfa-11193	38	18	,	,	PUNCT
ajfa-11193	38	19	which	which	PRON
ajfa-11193	38	20	is	be	AUX
ajfa-11193	38	21	considered	consider	VERB
ajfa-11193	38	22	a	a	DET
ajfa-11193	38	23	low	low	ADJ
ajfa-11193	38	24	-	-	PUNCT
ajfa-11193	38	25	policy	policy	NOUN
ajfa-11193	38	26	rate	rate	NOUN
ajfa-11193	38	27	for	for	ADP
ajfa-11193	38	28	the	the	DET
ajfa-11193	38	29	country	country	NOUN
ajfa-11193	38	30	as	as	ADP
ajfa-11193	38	31	the	the	DET
ajfa-11193	38	32	southeast	southeast	PROPN
ajfa-11193	38	33	asia	asia	PROPN
ajfa-11193	38	34	’s	’s	PART
ajfa-11193	38	35	largest	large	ADJ
ajfa-11193	38	36	economy	economy	NOUN
ajfa-11193	38	37	.	.	PUNCT
ajfa-11193	39	1	this	this	DET
ajfa-11193	39	2	condition	condition	NOUN
ajfa-11193	39	3	also	also	ADV
ajfa-11193	39	4	pushed	push	VERB
ajfa-11193	39	5	commercial	commercial	ADJ
ajfa-11193	39	6	banks	bank	NOUN
ajfa-11193	39	7	rose	rise	VERB
ajfa-11193	39	8	their	their	PRON
ajfa-11193	39	9	mortgage	mortgage	NOUN
ajfa-11193	39	10	loans	loan	NOUN
ajfa-11193	39	11	.	.	PUNCT
ajfa-11193	40	1	according	accord	VERB
ajfa-11193	40	2	to	to	ADP
ajfa-11193	40	3	schaar	schaar	NOUN
ajfa-11193	40	4	(	(	PUNCT
ajfa-11193	40	5	2015	2015	NUM
ajfa-11193	40	6	)	)	PUNCT
ajfa-11193	40	7	,	,	PUNCT
ajfa-11193	40	8	about	about	ADV
ajfa-11193	40	9	46	46	NUM
ajfa-11193	40	10	%	%	NOUN
ajfa-11193	40	11	of	of	ADP
ajfa-11193	40	12	banks	bank	NOUN
ajfa-11193	40	13	’	'	PUNCT
ajfa-11193	40	14	total	total	ADJ
ajfa-11193	40	15	credit	credit	NOUN
ajfa-11193	40	16	was	be	AUX
ajfa-11193	40	17	allocated	allocate	VERB
ajfa-11193	40	18	to	to	ADP
ajfa-11193	40	19	consumers	consumer	NOUN
ajfa-11193	40	20	’	’	PART
ajfa-11193	40	21	mortgage	mortgage	NOUN
ajfa-11193	40	22	loans	loan	NOUN
ajfa-11193	40	23	since	since	SCONJ
ajfa-11193	40	24	may	may	PROPN
ajfa-11193	40	25	of	of	ADP
ajfa-11193	40	26	2013	2013	NUM
ajfa-11193	40	27	.	.	PUNCT
ajfa-11193	41	1	however	however	ADV
ajfa-11193	41	2	,	,	PUNCT
ajfa-11193	41	3	bi	bi	PROPN
ajfa-11193	41	4	became	become	VERB
ajfa-11193	41	5	more	more	ADV
ajfa-11193	41	6	cautious	cautious	ADJ
ajfa-11193	41	7	about	about	ADP
ajfa-11193	41	8	the	the	DET
ajfa-11193	41	9	rapid	rapid	ADJ
ajfa-11193	41	10	increase	increase	NOUN
ajfa-11193	41	11	in	in	ADP
ajfa-11193	41	12	mortgage	mortgage	NOUN
ajfa-11193	41	13	loans	loan	NOUN
ajfa-11193	41	14	,	,	PUNCT
ajfa-11193	41	15	because	because	SCONJ
ajfa-11193	41	16	the	the	DET
ajfa-11193	41	17	general	general	ADJ
ajfa-11193	41	18	economy	economy	NOUN
ajfa-11193	41	19	experiences	experience	VERB
ajfa-11193	41	20	a	a	DET
ajfa-11193	41	21	slow	slow	ADJ
ajfa-11193	41	22	growth	growth	NOUN
ajfa-11193	41	23	in	in	ADP
ajfa-11193	41	24	the	the	DET
ajfa-11193	41	25	second	second	ADJ
ajfa-11193	41	26	half	half	NOUN
ajfa-11193	41	27	of	of	ADP
ajfa-11193	41	28	2013	2013	NUM
ajfa-11193	41	29	.	.	PUNCT
ajfa-11193	42	1	bi	bi	PROPN
ajfa-11193	42	2	decided	decide	VERB
ajfa-11193	42	3	to	to	PART
ajfa-11193	42	4	be	be	AUX
ajfa-11193	42	5	stricter	strict	ADJ
ajfa-11193	42	6	with	with	ADP
ajfa-11193	42	7	their	their	PRON
ajfa-11193	42	8	low	low	ADJ
ajfa-11193	42	9	-	-	PUNCT
ajfa-11193	42	10	rate	rate	NOUN
ajfa-11193	42	11	policy	policy	NOUN
ajfa-11193	42	12	,	,	PUNCT
ajfa-11193	42	13	and	and	CCONJ
ajfa-11193	42	14	implemented	implement	VERB
ajfa-11193	42	15	the	the	DET
ajfa-11193	42	16	following	follow	VERB
ajfa-11193	42	17	measures	measure	NOUN
ajfa-11193	42	18	:	:	PUNCT
ajfa-11193	42	19	a	a	X
ajfa-11193	42	20	)	)	PUNCT
ajfa-11193	42	21	raised	raise	VERB
ajfa-11193	42	22	the	the	DET
ajfa-11193	42	23	minimum	minimum	NOUN
ajfa-11193	42	24	down	down	ADJ
ajfa-11193	42	25	payment	payment	NOUN
ajfa-11193	42	26	requirement	requirement	NOUN
ajfa-11193	42	27	for	for	ADP
ajfa-11193	42	28	property	property	NOUN
ajfa-11193	42	29	purchases	purchase	NOUN
ajfa-11193	42	30	,	,	PUNCT
ajfa-11193	42	31	b	b	X
ajfa-11193	42	32	)	)	PUNCT
ajfa-11193	42	33	restricted	restrict	VERB
ajfa-11193	42	34	mortgages	mortgage	NOUN
ajfa-11193	42	35	for	for	ADP
ajfa-11193	42	36	second	second	ADJ
ajfa-11193	42	37	home	home	NOUN
ajfa-11193	42	38	ownership	ownership	NOUN
ajfa-11193	42	39	to	to	PART
ajfa-11193	42	40	prevent	prevent	VERB
ajfa-11193	42	41	excessive	excessive	ADJ
ajfa-11193	42	42	increase	increase	NOUN
ajfa-11193	42	43	of	of	ADP
ajfa-11193	42	44	housing	housing	NOUN
ajfa-11193	42	45	debt	debt	NOUN
ajfa-11193	42	46	,	,	PUNCT
ajfa-11193	42	47	and	and	CCONJ
ajfa-11193	42	48	c	c	X
ajfa-11193	42	49	)	)	PUNCT
ajfa-11193	42	50	banks	bank	NOUN
ajfa-11193	42	51	were	be	AUX
ajfa-11193	42	52	prohibited	prohibit	VERB
ajfa-11193	42	53	to	to	PART
ajfa-11193	42	54	provide	provide	VERB
ajfa-11193	42	55	loans	loan	NOUN
ajfa-11193	42	56	for	for	ADP
ajfa-11193	42	57	purchasing	purchase	VERB
ajfa-11193	42	58	property	property	NOUN
ajfa-11193	42	59	that	that	PRON
ajfa-11193	42	60	was	be	AUX
ajfa-11193	42	61	still	still	ADV
ajfa-11193	42	62	under	under	ADP
ajfa-11193	42	63	construction	construction	NOUN
ajfa-11193	42	64	.	.	PUNCT
ajfa-11193	43	1	moreover	moreover	ADV
ajfa-11193	43	2	,	,	PUNCT
ajfa-11193	43	3	bi	bi	NOUN
ajfa-11193	43	4	raised	raise	VERB
ajfa-11193	43	5	its	its	PRON
ajfa-11193	43	6	rate	rate	NOUN
ajfa-11193	43	7	between	between	ADP
ajfa-11193	43	8	june	june	PROPN
ajfa-11193	43	9	2013	2013	NUM
ajfa-11193	43	10	and	and	CCONJ
ajfa-11193	43	11	november	november	PROPN
ajfa-11193	43	12	2013	2013	NUM
ajfa-11193	43	13	to	to	ADP
ajfa-11193	43	14	7.50	7.50	NUM
ajfa-11193	43	15	%	%	NOUN
ajfa-11193	43	16	,	,	PUNCT
ajfa-11193	43	17	in	in	ADP
ajfa-11193	43	18	order	order	NOUN
ajfa-11193	43	19	to	to	PART
ajfa-11193	43	20	resist	resist	VERB
ajfa-11193	43	21	the	the	DET
ajfa-11193	43	22	high	high	ADJ
ajfa-11193	43	23	inflation	inflation	NOUN
ajfa-11193	43	24	,	,	PUNCT
ajfa-11193	43	25	to	to	PART
ajfa-11193	43	26	lessen	lessen	VERB
ajfa-11193	43	27	the	the	DET
ajfa-11193	43	28	country	country	NOUN
ajfa-11193	43	29	’s	’s	PART
ajfa-11193	43	30	wide	wide	ADJ
ajfa-11193	43	31	current	current	ADJ
ajfa-11193	43	32	account	account	NOUN
ajfa-11193	43	33	deficit	deficit	NOUN
ajfa-11193	43	34	,	,	PUNCT
ajfa-11193	43	35	and	and	CCONJ
ajfa-11193	43	36	to	to	PART
ajfa-11193	43	37	manage	manage	VERB
ajfa-11193	43	38	the	the	DET
ajfa-11193	43	39	uncertain	uncertain	ADJ
ajfa-11193	43	40	international	international	ADJ
ajfa-11193	43	41	climate	climate	NOUN
ajfa-11193	43	42	.	.	PUNCT
ajfa-11193	44	1	furthermore	furthermore	ADV
ajfa-11193	44	2	,	,	PUNCT
ajfa-11193	44	3	bi	bi	PROPN
ajfa-11193	44	4	’s	’s	PART
ajfa-11193	44	5	survey	survey	NOUN
ajfa-11193	44	6	showed	show	VERB
ajfa-11193	44	7	a	a	DET
ajfa-11193	44	8	sharp	sharp	ADJ
ajfa-11193	44	9	drop	drop	NOUN
ajfa-11193	44	10	in	in	ADP
ajfa-11193	44	11	residential	residential	ADJ
ajfa-11193	44	12	property	property	NOUN
ajfa-11193	44	13	sales	sale	NOUN
ajfa-11193	44	14	,	,	PUNCT
ajfa-11193	44	15	from	from	ADP
ajfa-11193	44	16	40.1	40.1	NUM
ajfa-11193	44	17	%	%	NOUN
ajfa-11193	44	18	in	in	ADP
ajfa-11193	44	19	the	the	DET
ajfa-11193	44	20	fourth	fourth	ADJ
ajfa-11193	44	21	quarter	quarter	NOUN
ajfa-11193	44	22	of	of	ADP
ajfa-11193	44	23	2014	2014	NUM
ajfa-11193	44	24	to	to	ADP
ajfa-11193	44	25	26.6	26.6	NUM
ajfa-11193	44	26	%	%	NOUN
ajfa-11193	44	27	in	in	ADP
ajfa-11193	44	28	the	the	DET
ajfa-11193	44	29	first	first	ADJ
ajfa-11193	44	30	quarter	quarter	NOUN
ajfa-11193	44	31	of	of	ADP
ajfa-11193	44	32	2015	2015	NUM
ajfa-11193	44	33	.	.	PUNCT
ajfa-11193	45	1	given	give	VERB
ajfa-11193	45	2	all	all	DET
ajfa-11193	45	3	these	these	DET
ajfa-11193	45	4	trends	trend	NOUN
ajfa-11193	45	5	in	in	ADP
ajfa-11193	45	6	the	the	DET
ajfa-11193	45	7	indonesian	indonesian	ADJ
ajfa-11193	45	8	real	real	ADJ
ajfa-11193	45	9	estate	estate	NOUN
ajfa-11193	45	10	and	and	CCONJ
ajfa-11193	45	11	property	property	NOUN
ajfa-11193	45	12	sectors	sector	NOUN
ajfa-11193	45	13	,	,	PUNCT
ajfa-11193	45	14	companies	company	NOUN
ajfa-11193	45	15	control	control	VERB
ajfa-11193	45	16	their	their	PRON
ajfa-11193	45	17	leverage	leverage	NOUN
ajfa-11193	45	18	due	due	ADP
ajfa-11193	45	19	to	to	ADP
ajfa-11193	45	20	the	the	DET
ajfa-11193	45	21	high	high	ADJ
ajfa-11193	45	22	interest	interest	NOUN
ajfa-11193	45	23	rate	rate	NOUN
ajfa-11193	45	24	to	to	PART
ajfa-11193	45	25	avoid	avoid	VERB
ajfa-11193	45	26	negatively	negatively	ADV
ajfa-11193	45	27	affecting	affect	VERB
ajfa-11193	45	28	firm	firm	ADJ
ajfa-11193	45	29	performance	performance	NOUN
ajfa-11193	45	30	.	.	PUNCT
ajfa-11193	46	1	according	accord	VERB
ajfa-11193	46	2	to	to	ADP
ajfa-11193	46	3	mayasari	mayasari	PROPN
ajfa-11193	46	4	(	(	PUNCT
ajfa-11193	46	5	2012	2012	NUM
ajfa-11193	46	6	)	)	PUNCT
ajfa-11193	46	7	,	,	PUNCT
ajfa-11193	46	8	leverage	leverage	NOUN
ajfa-11193	46	9	has	have	VERB
ajfa-11193	46	10	adverse	adverse	ADJ
ajfa-11193	46	11	effects	effect	NOUN
ajfa-11193	46	12	on	on	ADP
ajfa-11193	46	13	the	the	DET
ajfa-11193	46	14	firm	firm	NOUN
ajfa-11193	46	15	’s	’s	PART
ajfa-11193	46	16	profitability	profitability	NOUN
ajfa-11193	46	17	,	,	PUNCT
ajfa-11193	46	18	because	because	SCONJ
ajfa-11193	46	19	it	it	PRON
ajfa-11193	46	20	may	may	AUX
ajfa-11193	46	21	control	control	VERB
ajfa-11193	46	22	a	a	DET
ajfa-11193	46	23	firm	firm	NOUN
ajfa-11193	46	24	’s	’s	PART
ajfa-11193	46	25	liquidity	liquidity	NOUN
ajfa-11193	46	26	due	due	ADP
ajfa-11193	46	27	to	to	ADP
ajfa-11193	46	28	interest	interest	NOUN
ajfa-11193	46	29	and	and	CCONJ
ajfa-11193	46	30	principal	principal	ADJ
ajfa-11193	46	31	obligations	obligation	NOUN
ajfa-11193	46	32	.	.	PUNCT
ajfa-11193	47	1	the	the	DET
ajfa-11193	47	2	study	study	NOUN
ajfa-11193	47	3	also	also	ADV
ajfa-11193	47	4	found	find	VERB
ajfa-11193	47	5	that	that	SCONJ
ajfa-11193	47	6	liquidity	liquidity	NOUN
ajfa-11193	47	7	has	have	VERB
ajfa-11193	47	8	positive	positive	ADJ
ajfa-11193	47	9	relationship	relationship	NOUN
ajfa-11193	47	10	with	with	ADP
ajfa-11193	47	11	the	the	DET
ajfa-11193	47	12	profitability	profitability	NOUN
ajfa-11193	47	13	,	,	PUNCT
ajfa-11193	47	14	which	which	PRON
ajfa-11193	47	15	means	mean	VERB
ajfa-11193	47	16	that	that	SCONJ
ajfa-11193	47	17	the	the	DET
ajfa-11193	47	18	more	more	ADJ
ajfa-11193	47	19	cash	cash	NOUN
ajfa-11193	47	20	or	or	CCONJ
ajfa-11193	47	21	cash	cash	NOUN
ajfa-11193	47	22	-	-	PUNCT
ajfa-11193	47	23	related	relate	VERB
ajfa-11193	47	24	assets	asset	NOUN
ajfa-11193	47	25	the	the	DET
ajfa-11193	47	26	company	company	NOUN
ajfa-11193	47	27	own	own	VERB
ajfa-11193	47	28	,	,	PUNCT
ajfa-11193	47	29	the	the	PRON
ajfa-11193	47	30	higher	high	ADJ
ajfa-11193	47	31	the	the	DET
ajfa-11193	47	32	profit	profit	NOUN
ajfa-11193	47	33	they	they	PRON
ajfa-11193	47	34	could	could	AUX
ajfa-11193	47	35	generate	generate	VERB
ajfa-11193	47	36	.	.	PUNCT
ajfa-11193	48	1	the	the	DET
ajfa-11193	48	2	study	study	NOUN
ajfa-11193	48	3	is	be	AUX
ajfa-11193	48	4	motivated	motivate	VERB
ajfa-11193	48	5	by	by	ADP
ajfa-11193	48	6	the	the	DET
ajfa-11193	48	7	projected	project	VERB
ajfa-11193	48	8	boom	boom	NOUN
ajfa-11193	48	9	of	of	ADP
ajfa-11193	48	10	the	the	DET
ajfa-11193	48	11	indonesian	indonesian	ADJ
ajfa-11193	48	12	real	real	ADJ
ajfa-11193	48	13	estate	estate	NOUN
ajfa-11193	48	14	industry	industry	NOUN
ajfa-11193	48	15	in	in	ADP
ajfa-11193	48	16	the	the	DET
ajfa-11193	48	17	future	future	NOUN
ajfa-11193	48	18	.	.	PUNCT
ajfa-11193	49	1	indonesia	indonesia	PROPN
ajfa-11193	49	2	’s	’s	PART
ajfa-11193	49	3	high	high	ADJ
ajfa-11193	49	4	demographic	demographic	ADJ
ajfa-11193	49	5	growth	growth	NOUN
ajfa-11193	49	6	,	,	PUNCT
ajfa-11193	49	7	increasing	increase	VERB
ajfa-11193	49	8	income	income	NOUN
ajfa-11193	49	9	levels	level	NOUN
ajfa-11193	49	10	,	,	PUNCT
ajfa-11193	49	11	and	and	CCONJ
ajfa-11193	49	12	relatively	relatively	ADV
ajfa-11193	49	13	cheaper	cheap	ADJ
ajfa-11193	49	14	real	real	ADJ
ajfa-11193	49	15	estate	estate	NOUN
ajfa-11193	49	16	properties	property	NOUN
ajfa-11193	49	17	provide	provide	VERB
ajfa-11193	49	18	great	great	ADJ
ajfa-11193	49	19	opportunities	opportunity	NOUN
ajfa-11193	49	20	for	for	ADP
ajfa-11193	49	21	real	real	ADJ
ajfa-11193	49	22	estate	estate	NOUN
ajfa-11193	49	23	companies	company	NOUN
ajfa-11193	49	24	to	to	PART
ajfa-11193	49	25	gain	gain	VERB
ajfa-11193	49	26	higher	high	ADJ
ajfa-11193	49	27	liquidity	liquidity	NOUN
ajfa-11193	49	28	and	and	CCONJ
ajfa-11193	49	29	profitability	profitability	NOUN
ajfa-11193	49	30	in	in	ADP
ajfa-11193	49	31	the	the	DET
ajfa-11193	49	32	future	future	NOUN
ajfa-11193	49	33	.	.	PUNCT
ajfa-11193	50	1	the	the	DET
ajfa-11193	50	2	lack	lack	NOUN
ajfa-11193	50	3	of	of	ADP
ajfa-11193	50	4	empirical	empirical	ADJ
ajfa-11193	50	5	literature	literature	NOUN
ajfa-11193	50	6	in	in	ADP
ajfa-11193	50	7	determining	determine	VERB
ajfa-11193	50	8	the	the	DET
ajfa-11193	50	9	factors	factor	NOUN
ajfa-11193	50	10	that	that	SCONJ
ajfa-11193	50	11	affecting	affect	VERB
ajfa-11193	50	12	profitability	profitability	NOUN
ajfa-11193	50	13	of	of	ADP
ajfa-11193	50	14	indonesia	indonesia	PROPN
ajfa-11193	50	15	’s	’s	PART
ajfa-11193	50	16	real	real	ADJ
ajfa-11193	50	17	estate	estate	NOUN
ajfa-11193	50	18	is	be	AUX
ajfa-11193	50	19	also	also	ADV
ajfa-11193	50	20	one	one	NUM
ajfa-11193	50	21	of	of	ADP
ajfa-11193	50	22	the	the	DET
ajfa-11193	50	23	main	main	ADJ
ajfa-11193	50	24	motivations	motivation	NOUN
ajfa-11193	50	25	of	of	ADP
ajfa-11193	50	26	the	the	DET
ajfa-11193	50	27	study	study	NOUN
ajfa-11193	50	28	,	,	PUNCT
ajfa-11193	50	29	thus	thus	ADV
ajfa-11193	50	30	,	,	PUNCT
ajfa-11193	50	31	this	this	DET
ajfa-11193	50	32	paper	paper	NOUN
ajfa-11193	50	33	contributes	contribute	VERB
ajfa-11193	50	34	to	to	ADP
ajfa-11193	50	35	the	the	DET
ajfa-11193	50	36	literature	literature	NOUN
ajfa-11193	50	37	by	by	ADP
ajfa-11193	50	38	identifying	identify	VERB
ajfa-11193	50	39	these	these	DET
ajfa-11193	50	40	factors	factor	NOUN
ajfa-11193	50	41	using	use	VERB
ajfa-11193	50	42	ordinary	ordinary	ADJ
ajfa-11193	50	43	least	least	ADJ
ajfa-11193	50	44	squares	square	NOUN
ajfa-11193	50	45	(	(	PUNCT
ajfa-11193	50	46	ols	ol	NOUN
ajfa-11193	50	47	)	)	PUNCT
ajfa-11193	50	48	model	model	NOUN
ajfa-11193	50	49	.	.	PUNCT
ajfa-11193	51	1	the	the	DET
ajfa-11193	51	2	broader	broad	ADJ
ajfa-11193	51	3	objective	objective	NOUN
ajfa-11193	51	4	of	of	ADP
ajfa-11193	51	5	this	this	DET
ajfa-11193	51	6	research	research	NOUN
ajfa-11193	51	7	is	be	AUX
ajfa-11193	51	8	to	to	PART
ajfa-11193	51	9	identify	identify	VERB
ajfa-11193	51	10	significant	significant	ADJ
ajfa-11193	51	11	factors	factor	NOUN
ajfa-11193	51	12	affecting	affect	VERB
ajfa-11193	51	13	profitability	profitability	NOUN
ajfa-11193	51	14	of	of	ADP
ajfa-11193	51	15	indonesia	indonesia	PROPN
ajfa-11193	51	16	’s	’s	PART
ajfa-11193	51	17	real	real	ADJ
ajfa-11193	51	18	estate	estate	NOUN
ajfa-11193	51	19	industry	industry	NOUN
ajfa-11193	51	20	;	;	PUNCT
ajfa-11193	51	21	and	and	CCONJ
ajfa-11193	51	22	the	the	DET
ajfa-11193	51	23	three	three	NUM
ajfa-11193	51	24	specific	specific	ADJ
ajfa-11193	51	25	objectives	objective	NOUN
ajfa-11193	51	26	are	be	AUX
ajfa-11193	51	27	:	:	PUNCT
ajfa-11193	51	28	•	•	INTJ
ajfa-11193	51	29	to	to	PART
ajfa-11193	51	30	identify	identify	VERB
ajfa-11193	51	31	significant	significant	ADJ
ajfa-11193	51	32	positive	positive	ADJ
ajfa-11193	51	33	and	and	CCONJ
ajfa-11193	51	34	negative	negative	ADJ
ajfa-11193	51	35	relationships	relationship	NOUN
ajfa-11193	51	36	between	between	ADP
ajfa-11193	51	37	real	real	ADJ
ajfa-11193	51	38	estate	estate	NOUN
ajfa-11193	51	39	company	company	NOUN
ajfa-11193	51	40	’s	’s	PART
ajfa-11193	51	41	profitability	profitability	NOUN
ajfa-11193	51	42	and	and	CCONJ
ajfa-11193	51	43	related	related	ADJ
ajfa-11193	51	44	factors	factor	NOUN
ajfa-11193	51	45	;	;	PUNCT
ajfa-11193	51	46	•	•	ADP
ajfa-11193	51	47	to	to	PART
ajfa-11193	51	48	determine	determine	VERB
ajfa-11193	51	49	which	which	DET
ajfa-11193	51	50	firm	firm	ADJ
ajfa-11193	51	51	-	-	PUNCT
ajfa-11193	51	52	specific	specific	ADJ
ajfa-11193	51	53	factors	factor	NOUN
ajfa-11193	51	54	have	have	VERB
ajfa-11193	51	55	stronger	strong	ADJ
ajfa-11193	51	56	influence	influence	NOUN
ajfa-11193	51	57	on	on	ADP
ajfa-11193	51	58	profitability	profitability	NOUN
ajfa-11193	51	59	based	base	VERB
ajfa-11193	51	60	asian	asian	ADJ
ajfa-11193	51	61	journal	journal	NOUN
ajfa-11193	51	62	of	of	ADP
ajfa-11193	51	63	finance	finance	PROPN
ajfa-11193	51	64	&	&	CCONJ
ajfa-11193	51	65	accounting	accounting	PROPN
ajfa-11193	51	66	issn	issn	PROPN
ajfa-11193	51	67	1946	1946	NUM
ajfa-11193	51	68	-	-	PUNCT
ajfa-11193	51	69	052x	052x	PROPN
ajfa-11193	51	70	2017	2017	NUM
ajfa-11193	51	71	,	,	PUNCT
ajfa-11193	51	72	vol	vol	NOUN
ajfa-11193	51	73	.	.	NOUN
ajfa-11193	51	74	9	9	NUM
ajfa-11193	51	75	,	,	PUNCT
ajfa-11193	51	76	no	no	INTJ
ajfa-11193	51	77	.	.	NOUN
ajfa-11193	51	78	1	1	NUM
ajfa-11193	51	79	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	51	80	400	400	NUM
ajfa-11193	51	81	on	on	ADP
ajfa-11193	51	82	the	the	DET
ajfa-11193	51	83	coefficients	coefficient	NOUN
ajfa-11193	51	84	’	'	PUNCT
ajfa-11193	51	85	outcome	outcome	NOUN
ajfa-11193	51	86	;	;	PUNCT
ajfa-11193	51	87	and	and	CCONJ
ajfa-11193	51	88	•	•	ADP
ajfa-11193	51	89	to	to	PART
ajfa-11193	51	90	examine	examine	VERB
ajfa-11193	51	91	if	if	SCONJ
ajfa-11193	51	92	there	there	PRON
ajfa-11193	51	93	are	be	VERB
ajfa-11193	51	94	differences	difference	NOUN
ajfa-11193	51	95	on	on	ADP
ajfa-11193	51	96	the	the	DET
ajfa-11193	51	97	significant	significant	ADJ
ajfa-11193	51	98	factors	factor	NOUN
ajfa-11193	51	99	determining	determine	VERB
ajfa-11193	51	100	the	the	DET
ajfa-11193	51	101	profitability	profitability	NOUN
ajfa-11193	51	102	of	of	ADP
ajfa-11193	51	103	large-	large-	ADV
ajfa-11193	51	104	,	,	PUNCT
ajfa-11193	51	105	medium-	medium-	ADJ
ajfa-11193	51	106	,	,	PUNCT
ajfa-11193	51	107	and	and	CCONJ
ajfa-11193	51	108	smallcompanies	smallcompanie	NOUN
ajfa-11193	51	109	based	base	VERB
ajfa-11193	51	110	on	on	ADP
ajfa-11193	51	111	market	market	NOUN
ajfa-11193	51	112	capitalization	capitalization	NOUN
ajfa-11193	51	113	.	.	PUNCT
ajfa-11193	52	1	this	this	DET
ajfa-11193	52	2	study	study	NOUN
ajfa-11193	52	3	’s	’s	PART
ajfa-11193	52	4	objectives	objective	NOUN
ajfa-11193	52	5	will	will	AUX
ajfa-11193	52	6	provide	provide	VERB
ajfa-11193	52	7	more	more	ADV
ajfa-11193	52	8	empirical	empirical	ADJ
ajfa-11193	52	9	evidence	evidence	NOUN
ajfa-11193	52	10	in	in	ADP
ajfa-11193	52	11	determining	determine	VERB
ajfa-11193	52	12	financial	financial	ADJ
ajfa-11193	52	13	factors	factor	NOUN
ajfa-11193	52	14	that	that	SCONJ
ajfa-11193	52	15	management	management	NOUN
ajfa-11193	52	16	can	can	AUX
ajfa-11193	52	17	utilize	utilize	VERB
ajfa-11193	52	18	to	to	PART
ajfa-11193	52	19	better	well	ADV
ajfa-11193	52	20	understand	understand	VERB
ajfa-11193	52	21	changes	change	NOUN
ajfa-11193	52	22	in	in	ADP
ajfa-11193	52	23	company	company	NOUN
ajfa-11193	52	24	profitability	profitability	NOUN
ajfa-11193	52	25	.	.	PUNCT
ajfa-11193	53	1	also	also	ADV
ajfa-11193	53	2	,	,	PUNCT
ajfa-11193	53	3	the	the	DET
ajfa-11193	53	4	more	more	ADV
ajfa-11193	53	5	recent	recent	ADJ
ajfa-11193	53	6	data	datum	NOUN
ajfa-11193	53	7	range	range	NOUN
ajfa-11193	53	8	,	,	PUNCT
ajfa-11193	53	9	extended	extended	ADJ
ajfa-11193	53	10	variables	variable	NOUN
ajfa-11193	53	11	considered	consider	VERB
ajfa-11193	53	12	(	(	PUNCT
ajfa-11193	53	13	i.e.	i.e.	X
ajfa-11193	53	14	,	,	PUNCT
ajfa-11193	53	15	three	three	NUM
ajfa-11193	53	16	components	component	NOUN
ajfa-11193	53	17	of	of	ADP
ajfa-11193	53	18	ccc	ccc	PROPN
ajfa-11193	53	19	,	,	PUNCT
ajfa-11193	53	20	current	current	ADJ
ajfa-11193	53	21	ratio	ratio	NOUN
ajfa-11193	53	22	,	,	PUNCT
ajfa-11193	53	23	and	and	CCONJ
ajfa-11193	53	24	tangibility	tangibility	NOUN
ajfa-11193	53	25	)	)	PUNCT
ajfa-11193	53	26	,	,	PUNCT
ajfa-11193	53	27	and	and	CCONJ
ajfa-11193	53	28	dividing	divide	VERB
ajfa-11193	53	29	real	real	ADJ
ajfa-11193	53	30	estate	estate	NOUN
ajfa-11193	53	31	firms	firm	NOUN
ajfa-11193	53	32	into	into	ADP
ajfa-11193	53	33	three	three	NUM
ajfa-11193	53	34	major	major	ADJ
ajfa-11193	53	35	categories	category	NOUN
ajfa-11193	53	36	make	make	VERB
ajfa-11193	53	37	-	-	PUNCT
ajfa-11193	53	38	up	up	ADP
ajfa-11193	53	39	the	the	DET
ajfa-11193	53	40	distinction	distinction	NOUN
ajfa-11193	53	41	of	of	ADP
ajfa-11193	53	42	this	this	DET
ajfa-11193	53	43	paper	paper	NOUN
ajfa-11193	53	44	from	from	ADP
ajfa-11193	53	45	the	the	DET
ajfa-11193	53	46	previous	previous	ADJ
ajfa-11193	53	47	studies	study	NOUN
ajfa-11193	53	48	of	of	ADP
ajfa-11193	53	49	azlina	azlina	PROPN
ajfa-11193	53	50	(	(	PUNCT
ajfa-11193	53	51	2009	2009	NUM
ajfa-11193	53	52	)	)	PUNCT
ajfa-11193	53	53	,	,	PUNCT
ajfa-11193	53	54	apriliyani	apriliyani	X
ajfa-11193	53	55	(	(	PUNCT
ajfa-11193	53	56	2011	2011	NUM
ajfa-11193	53	57	)	)	PUNCT
ajfa-11193	53	58	,	,	PUNCT
ajfa-11193	53	59	and	and	CCONJ
ajfa-11193	53	60	karina	karina	PROPN
ajfa-11193	53	61	and	and	CCONJ
ajfa-11193	53	62	khafid	khafid	PROPN
ajfa-11193	53	63	(	(	PUNCT
ajfa-11193	53	64	2015	2015	NUM
ajfa-11193	53	65	)	)	PUNCT
ajfa-11193	53	66	,	,	PUNCT
ajfa-11193	53	67	in	in	ADP
ajfa-11193	53	68	indonesia	indonesia	PROPN
ajfa-11193	53	69	.	.	PUNCT
ajfa-11193	54	1	findings	finding	NOUN
ajfa-11193	54	2	can	can	AUX
ajfa-11193	54	3	also	also	ADV
ajfa-11193	54	4	benefit	benefit	VERB
ajfa-11193	54	5	managers	manager	NOUN
ajfa-11193	54	6	of	of	ADP
ajfa-11193	54	7	real	real	ADJ
ajfa-11193	54	8	estate	estate	NOUN
ajfa-11193	54	9	companies	company	NOUN
ajfa-11193	54	10	in	in	ADP
ajfa-11193	54	11	controlling	control	VERB
ajfa-11193	54	12	certain	certain	ADJ
ajfa-11193	54	13	financial	financial	ADJ
ajfa-11193	54	14	variables	variable	NOUN
ajfa-11193	54	15	that	that	PRON
ajfa-11193	54	16	will	will	AUX
ajfa-11193	54	17	help	help	VERB
ajfa-11193	54	18	corporate	corporate	ADJ
ajfa-11193	54	19	strategies	strategy	NOUN
ajfa-11193	54	20	in	in	ADP
ajfa-11193	54	21	order	order	NOUN
ajfa-11193	54	22	to	to	PART
ajfa-11193	54	23	minimize	minimize	VERB
ajfa-11193	54	24	losses	loss	NOUN
ajfa-11193	54	25	and	and	CCONJ
ajfa-11193	54	26	maximize	maximize	VERB
ajfa-11193	54	27	gains	gain	NOUN
ajfa-11193	54	28	.	.	PUNCT
ajfa-11193	55	1	the	the	DET
ajfa-11193	55	2	paper	paper	NOUN
ajfa-11193	55	3	is	be	AUX
ajfa-11193	55	4	organized	organize	VERB
ajfa-11193	55	5	as	as	SCONJ
ajfa-11193	55	6	follows	follow	VERB
ajfa-11193	55	7	.	.	PUNCT
ajfa-11193	56	1	this	this	DET
ajfa-11193	56	2	section	section	NOUN
ajfa-11193	56	3	discussed	discuss	VERB
ajfa-11193	56	4	the	the	DET
ajfa-11193	56	5	background	background	NOUN
ajfa-11193	56	6	of	of	ADP
ajfa-11193	56	7	the	the	DET
ajfa-11193	56	8	study	study	NOUN
ajfa-11193	56	9	;	;	PUNCT
ajfa-11193	56	10	section	section	NOUN
ajfa-11193	56	11	2	2	NUM
ajfa-11193	56	12	reviews	review	VERB
ajfa-11193	56	13	the	the	DET
ajfa-11193	56	14	related	relate	VERB
ajfa-11193	56	15	literature	literature	NOUN
ajfa-11193	56	16	;	;	PUNCT
ajfa-11193	56	17	section	section	NOUN
ajfa-11193	56	18	3	3	NUM
ajfa-11193	56	19	defines	define	VERB
ajfa-11193	56	20	the	the	DET
ajfa-11193	56	21	variables	variable	NOUN
ajfa-11193	56	22	and	and	CCONJ
ajfa-11193	56	23	related	related	ADJ
ajfa-11193	56	24	hypotheses	hypothesis	NOUN
ajfa-11193	56	25	;	;	PUNCT
ajfa-11193	56	26	section	section	NOUN
ajfa-11193	56	27	4	4	NUM
ajfa-11193	56	28	presents	present	VERB
ajfa-11193	56	29	the	the	DET
ajfa-11193	56	30	data	datum	NOUN
ajfa-11193	56	31	and	and	CCONJ
ajfa-11193	56	32	explains	explain	VERB
ajfa-11193	56	33	the	the	DET
ajfa-11193	56	34	methodologies	methodology	NOUN
ajfa-11193	56	35	of	of	ADP
ajfa-11193	56	36	the	the	DET
ajfa-11193	56	37	research	research	NOUN
ajfa-11193	56	38	;	;	PUNCT
ajfa-11193	56	39	section	section	NOUN
ajfa-11193	56	40	5	5	NUM
ajfa-11193	56	41	explains	explain	VERB
ajfa-11193	56	42	the	the	DET
ajfa-11193	56	43	empirical	empirical	ADJ
ajfa-11193	56	44	result	result	NOUN
ajfa-11193	56	45	;	;	PUNCT
ajfa-11193	56	46	and	and	CCONJ
ajfa-11193	56	47	section	section	NOUN
ajfa-11193	56	48	6	6	NUM
ajfa-11193	56	49	provides	provide	VERB
ajfa-11193	56	50	the	the	DET
ajfa-11193	56	51	conclusions	conclusion	NOUN
ajfa-11193	56	52	,	,	PUNCT
ajfa-11193	56	53	and	and	CCONJ
ajfa-11193	56	54	limitations	limitation	NOUN
ajfa-11193	56	55	of	of	ADP
ajfa-11193	56	56	this	this	DET
ajfa-11193	56	57	study	study	NOUN
ajfa-11193	56	58	.	.	PUNCT
ajfa-11193	57	1	2	2	X
ajfa-11193	57	2	.	.	X
ajfa-11193	57	3	literature	literature	NOUN
ajfa-11193	57	4	review	review	VERB
ajfa-11193	57	5	previous	previous	ADJ
ajfa-11193	57	6	studies	study	NOUN
ajfa-11193	57	7	provide	provide	VERB
ajfa-11193	57	8	empirical	empirical	ADJ
ajfa-11193	57	9	evidences	evidence	NOUN
ajfa-11193	57	10	revealing	reveal	VERB
ajfa-11193	57	11	the	the	DET
ajfa-11193	57	12	relationship	relationship	NOUN
ajfa-11193	57	13	between	between	ADP
ajfa-11193	57	14	profitability	profitability	NOUN
ajfa-11193	57	15	and	and	CCONJ
ajfa-11193	57	16	its	its	PRON
ajfa-11193	57	17	different	different	ADJ
ajfa-11193	57	18	factors	factor	NOUN
ajfa-11193	57	19	in	in	ADP
ajfa-11193	57	20	several	several	ADJ
ajfa-11193	57	21	types	type	NOUN
ajfa-11193	57	22	of	of	ADP
ajfa-11193	57	23	industries	industry	NOUN
ajfa-11193	57	24	including	include	VERB
ajfa-11193	57	25	the	the	DET
ajfa-11193	57	26	real	real	ADJ
ajfa-11193	57	27	estate	estate	NOUN
ajfa-11193	57	28	industry	industry	NOUN
ajfa-11193	57	29	.	.	PUNCT
ajfa-11193	58	1	these	these	DET
ajfa-11193	58	2	researches	research	NOUN
ajfa-11193	58	3	will	will	AUX
ajfa-11193	58	4	be	be	AUX
ajfa-11193	58	5	discussed	discuss	VERB
ajfa-11193	58	6	in	in	ADP
ajfa-11193	58	7	the	the	DET
ajfa-11193	58	8	following	follow	VERB
ajfa-11193	58	9	sections	section	NOUN
ajfa-11193	58	10	:	:	PUNCT
ajfa-11193	58	11	first	first	ADV
ajfa-11193	58	12	,	,	PUNCT
ajfa-11193	58	13	reviews	review	NOUN
ajfa-11193	58	14	literature	literature	NOUN
ajfa-11193	58	15	that	that	PRON
ajfa-11193	58	16	discusses	discuss	VERB
ajfa-11193	58	17	factors	factor	NOUN
ajfa-11193	58	18	affecting	affect	VERB
ajfa-11193	58	19	profitability	profitability	NOUN
ajfa-11193	58	20	;	;	PUNCT
ajfa-11193	58	21	second	second	ADV
ajfa-11193	58	22	,	,	PUNCT
ajfa-11193	58	23	covers	cover	VERB
ajfa-11193	58	24	studies	study	NOUN
ajfa-11193	58	25	on	on	ADP
ajfa-11193	58	26	factors	factor	NOUN
ajfa-11193	58	27	affecting	affect	VERB
ajfa-11193	58	28	profitability	profitability	NOUN
ajfa-11193	58	29	of	of	ADP
ajfa-11193	58	30	real	real	ADJ
ajfa-11193	58	31	estate	estate	NOUN
ajfa-11193	58	32	firms	firm	NOUN
ajfa-11193	58	33	in	in	ADP
ajfa-11193	58	34	other	other	ADJ
ajfa-11193	58	35	countries	country	NOUN
ajfa-11193	58	36	;	;	PUNCT
ajfa-11193	58	37	and	and	CCONJ
ajfa-11193	58	38	lastly	lastly	ADV
ajfa-11193	58	39	,	,	PUNCT
ajfa-11193	58	40	features	feature	VERB
ajfa-11193	58	41	profitability	profitability	NOUN
ajfa-11193	58	42	of	of	ADP
ajfa-11193	58	43	various	various	ADJ
ajfa-11193	58	44	industries	industry	NOUN
ajfa-11193	58	45	in	in	ADP
ajfa-11193	58	46	indonesia	indonesia	PROPN
ajfa-11193	58	47	.	.	PUNCT
ajfa-11193	59	1	2.1	2.1	NUM
ajfa-11193	59	2	proxy	proxy	NOUN
ajfa-11193	59	3	variables	variable	NOUN
ajfa-11193	59	4	affecting	affect	VERB
ajfa-11193	59	5	profitability	profitability	NOUN
ajfa-11193	59	6	a	a	DET
ajfa-11193	59	7	set	set	NOUN
ajfa-11193	59	8	of	of	ADP
ajfa-11193	59	9	literature	literature	NOUN
ajfa-11193	59	10	has	have	AUX
ajfa-11193	59	11	examined	examine	VERB
ajfa-11193	59	12	the	the	DET
ajfa-11193	59	13	effect	effect	NOUN
ajfa-11193	59	14	of	of	ADP
ajfa-11193	59	15	ccc	ccc	PROPN
ajfa-11193	59	16	as	as	ADP
ajfa-11193	59	17	a	a	DET
ajfa-11193	59	18	proxy	proxy	NOUN
ajfa-11193	59	19	for	for	ADP
ajfa-11193	59	20	firm	firm	ADJ
ajfa-11193	59	21	profitability	profitability	NOUN
ajfa-11193	59	22	.	.	PUNCT
ajfa-11193	60	1	shin	shin	PROPN
ajfa-11193	60	2	and	and	CCONJ
ajfa-11193	60	3	soenen	soenen	NOUN
ajfa-11193	60	4	(	(	PUNCT
ajfa-11193	60	5	1998	1998	NUM
ajfa-11193	60	6	)	)	PUNCT
ajfa-11193	60	7	examined	examine	VERB
ajfa-11193	60	8	the	the	DET
ajfa-11193	60	9	relationship	relationship	NOUN
ajfa-11193	60	10	of	of	ADP
ajfa-11193	60	11	net	net	ADJ
ajfa-11193	60	12	trade	trade	NOUN
ajfa-11193	60	13	cycle	cycle	NOUN
ajfa-11193	60	14	(	(	PUNCT
ajfa-11193	60	15	ntc	ntc	NOUN
ajfa-11193	60	16	)	)	PUNCT
ajfa-11193	60	17	with	with	ADP
ajfa-11193	60	18	profitability	profitability	NOUN
ajfa-11193	60	19	,	,	PUNCT
ajfa-11193	60	20	and	and	CCONJ
ajfa-11193	60	21	showed	show	VERB
ajfa-11193	60	22	strong	strong	ADJ
ajfa-11193	60	23	negative	negative	ADJ
ajfa-11193	60	24	relation	relation	NOUN
ajfa-11193	60	25	between	between	ADP
ajfa-11193	60	26	the	the	DET
ajfa-11193	60	27	length	length	NOUN
ajfa-11193	60	28	of	of	ADP
ajfa-11193	60	29	ntc	ntc	NOUN
ajfa-11193	60	30	and	and	CCONJ
ajfa-11193	60	31	profitability	profitability	NOUN
ajfa-11193	60	32	.	.	PUNCT
ajfa-11193	61	1	same	same	ADJ
ajfa-11193	61	2	results	result	NOUN
ajfa-11193	61	3	were	be	AUX
ajfa-11193	61	4	shown	show	VERB
ajfa-11193	61	5	in	in	ADP
ajfa-11193	61	6	deloof	deloof	NOUN
ajfa-11193	61	7	(	(	PUNCT
ajfa-11193	61	8	2003	2003	NUM
ajfa-11193	61	9	)	)	PUNCT
ajfa-11193	61	10	,	,	PUNCT
ajfa-11193	61	11	and	and	CCONJ
ajfa-11193	61	12	lazaridis	lazaridi	NOUN
ajfa-11193	61	13	and	and	CCONJ
ajfa-11193	61	14	tryfonidis	tryfonidi	NOUN
ajfa-11193	61	15	(	(	PUNCT
ajfa-11193	61	16	2006	2006	NUM
ajfa-11193	61	17	)	)	PUNCT
ajfa-11193	61	18	,	,	PUNCT
ajfa-11193	61	19	wherein	wherein	SCONJ
ajfa-11193	61	20	they	they	PRON
ajfa-11193	61	21	used	use	VERB
ajfa-11193	61	22	ccc	ccc	PROPN
ajfa-11193	61	23	and	and	CCONJ
ajfa-11193	61	24	its	its	PRON
ajfa-11193	61	25	components	component	NOUN
ajfa-11193	61	26	to	to	PART
ajfa-11193	61	27	be	be	AUX
ajfa-11193	61	28	tested	test	VERB
ajfa-11193	61	29	toward	toward	ADP
ajfa-11193	61	30	gross	gross	ADJ
ajfa-11193	61	31	operating	operating	NOUN
ajfa-11193	61	32	income	income	NOUN
ajfa-11193	61	33	(	(	PUNCT
ajfa-11193	61	34	goi	goi	PROPN
ajfa-11193	61	35	)	)	PUNCT
ajfa-11193	61	36	as	as	ADP
ajfa-11193	61	37	a	a	DET
ajfa-11193	61	38	proxy	proxy	NOUN
ajfa-11193	61	39	for	for	ADP
ajfa-11193	61	40	profitability	profitability	NOUN
ajfa-11193	61	41	.	.	PUNCT
ajfa-11193	62	1	on	on	ADP
ajfa-11193	62	2	one	one	NUM
ajfa-11193	62	3	hand	hand	NOUN
ajfa-11193	62	4	,	,	PUNCT
ajfa-11193	62	5	garcia	garcia	PROPN
ajfa-11193	62	6	-	-	PUNCT
ajfa-11193	62	7	teruel	teruel	PROPN
ajfa-11193	62	8	and	and	CCONJ
ajfa-11193	62	9	martinez	martinez	PROPN
ajfa-11193	62	10	-	-	PUNCT
ajfa-11193	62	11	solano	solano	PROPN
ajfa-11193	62	12	(	(	PUNCT
ajfa-11193	62	13	2007	2007	NUM
ajfa-11193	62	14	)	)	PUNCT
ajfa-11193	62	15	investigated	investigate	VERB
ajfa-11193	62	16	return	return	NOUN
ajfa-11193	62	17	on	on	ADP
ajfa-11193	62	18	asset	asset	NOUN
ajfa-11193	62	19	(	(	PUNCT
ajfa-11193	62	20	roa	roa	NOUN
ajfa-11193	62	21	)	)	PUNCT
ajfa-11193	62	22	to	to	PART
ajfa-11193	62	23	stand	stand	VERB
ajfa-11193	62	24	for	for	ADP
ajfa-11193	62	25	profitability	profitability	NOUN
ajfa-11193	62	26	,	,	PUNCT
ajfa-11193	62	27	and	and	CCONJ
ajfa-11193	62	28	revealed	reveal	VERB
ajfa-11193	62	29	the	the	DET
ajfa-11193	62	30	same	same	ADJ
ajfa-11193	62	31	results	result	NOUN
ajfa-11193	62	32	,	,	PUNCT
ajfa-11193	62	33	negative	negative	ADJ
ajfa-11193	62	34	relationship	relationship	NOUN
ajfa-11193	62	35	between	between	ADP
ajfa-11193	62	36	the	the	DET
ajfa-11193	62	37	number	number	NOUN
ajfa-11193	62	38	of	of	ADP
ajfa-11193	62	39	days	day	NOUN
ajfa-11193	62	40	accounts	account	VERB
ajfa-11193	62	41	receivable	receivable	ADJ
ajfa-11193	62	42	and	and	CCONJ
ajfa-11193	62	43	inventories	inventory	NOUN
ajfa-11193	62	44	.	.	PUNCT
ajfa-11193	63	1	in	in	ADP
ajfa-11193	63	2	addition	addition	NOUN
ajfa-11193	63	3	,	,	PUNCT
ajfa-11193	63	4	enqvist	enqvist	NOUN
ajfa-11193	63	5	et	et	PROPN
ajfa-11193	63	6	al	al	PROPN
ajfa-11193	63	7	.	.	PROPN
ajfa-11193	64	1	(	(	PUNCT
ajfa-11193	64	2	2014	2014	NUM
ajfa-11193	64	3	)	)	PUNCT
ajfa-11193	64	4	investigated	investigate	VERB
ajfa-11193	64	5	the	the	DET
ajfa-11193	64	6	role	role	NOUN
ajfa-11193	64	7	of	of	ADP
ajfa-11193	64	8	business	business	NOUN
ajfa-11193	64	9	cycles	cycle	NOUN
ajfa-11193	64	10	on	on	ADP
ajfa-11193	64	11	the	the	DET
ajfa-11193	64	12	working	work	VERB
ajfa-11193	64	13	capital	capital	NOUN
ajfa-11193	64	14	–	–	PUNCT
ajfa-11193	64	15	profitability	profitability	NOUN
ajfa-11193	64	16	relationship	relationship	NOUN
ajfa-11193	64	17	,	,	PUNCT
ajfa-11193	64	18	and	and	CCONJ
ajfa-11193	64	19	showed	show	VERB
ajfa-11193	64	20	that	that	SCONJ
ajfa-11193	64	21	the	the	DET
ajfa-11193	64	22	negative	negative	ADJ
ajfa-11193	64	23	impact	impact	NOUN
ajfa-11193	64	24	of	of	ADP
ajfa-11193	64	25	business	business	NOUN
ajfa-11193	64	26	cycle	cycle	NOUN
ajfa-11193	64	27	is	be	AUX
ajfa-11193	64	28	more	more	ADV
ajfa-11193	64	29	obvious	obvious	ADJ
ajfa-11193	64	30	in	in	ADP
ajfa-11193	64	31	economic	economic	ADJ
ajfa-11193	64	32	downturns	downturn	NOUN
ajfa-11193	64	33	relative	relative	ADJ
ajfa-11193	64	34	to	to	ADP
ajfa-11193	64	35	economic	economic	ADJ
ajfa-11193	64	36	booms	boom	NOUN
ajfa-11193	64	37	.	.	PUNCT
ajfa-11193	65	1	the	the	DET
ajfa-11193	65	2	significance	significance	NOUN
ajfa-11193	65	3	of	of	ADP
ajfa-11193	65	4	efficient	efficient	ADJ
ajfa-11193	65	5	inventory	inventory	NOUN
ajfa-11193	65	6	management	management	NOUN
ajfa-11193	65	7	and	and	CCONJ
ajfa-11193	65	8	accounts	account	VERB
ajfa-11193	65	9	receivables	receivables	NOUN
ajfa-11193	65	10	conversion	conversion	NOUN
ajfa-11193	65	11	periods	period	NOUN
ajfa-11193	65	12	is	be	AUX
ajfa-11193	65	13	negatively	negatively	ADV
ajfa-11193	65	14	related	relate	VERB
ajfa-11193	65	15	to	to	ADP
ajfa-11193	65	16	corporate	corporate	ADJ
ajfa-11193	65	17	profitability	profitability	NOUN
ajfa-11193	65	18	,	,	PUNCT
ajfa-11193	65	19	and	and	CCONJ
ajfa-11193	65	20	also	also	ADV
ajfa-11193	65	21	is	be	AUX
ajfa-11193	65	22	also	also	ADV
ajfa-11193	65	23	magnified	magnify	VERB
ajfa-11193	65	24	during	during	ADP
ajfa-11193	65	25	periods	period	NOUN
ajfa-11193	65	26	of	of	ADP
ajfa-11193	65	27	economic	economic	ADJ
ajfa-11193	65	28	downturns	downturn	NOUN
ajfa-11193	65	29	.	.	PUNCT
ajfa-11193	66	1	obert	obert	ADJ
ajfa-11193	66	2	and	and	CCONJ
ajfa-11193	66	3	olawale	olawale	ADJ
ajfa-11193	66	4	(	(	PUNCT
ajfa-11193	66	5	2010	2010	NUM
ajfa-11193	66	6	)	)	PUNCT
ajfa-11193	66	7	investigated	investigate	VERB
ajfa-11193	66	8	the	the	DET
ajfa-11193	66	9	impact	impact	NOUN
ajfa-11193	66	10	of	of	ADP
ajfa-11193	66	11	the	the	DET
ajfa-11193	66	12	use	use	NOUN
ajfa-11193	66	13	of	of	ADP
ajfa-11193	66	14	debt	debt	NOUN
ajfa-11193	66	15	on	on	ADP
ajfa-11193	66	16	the	the	DET
ajfa-11193	66	17	profitability	profitability	NOUN
ajfa-11193	66	18	of	of	ADP
ajfa-11193	66	19	small	small	ADJ
ajfa-11193	66	20	manufacturing	manufacturing	NOUN
ajfa-11193	66	21	firms	firm	NOUN
ajfa-11193	66	22	,	,	PUNCT
ajfa-11193	66	23	and	and	CCONJ
ajfa-11193	66	24	found	find	VERB
ajfa-11193	66	25	that	that	SCONJ
ajfa-11193	66	26	there	there	PRON
ajfa-11193	66	27	was	be	VERB
ajfa-11193	66	28	a	a	DET
ajfa-11193	66	29	negative	negative	ADJ
ajfa-11193	66	30	relationship	relationship	NOUN
ajfa-11193	66	31	between	between	ADP
ajfa-11193	66	32	debt	debt	NOUN
ajfa-11193	66	33	usage	usage	NOUN
ajfa-11193	66	34	and	and	CCONJ
ajfa-11193	66	35	the	the	DET
ajfa-11193	66	36	value	value	NOUN
ajfa-11193	66	37	of	of	ADP
ajfa-11193	66	38	the	the	DET
ajfa-11193	66	39	firm	firm	NOUN
ajfa-11193	66	40	.	.	PUNCT
ajfa-11193	67	1	similar	similar	ADJ
ajfa-11193	67	2	research	research	NOUN
ajfa-11193	67	3	about	about	ADP
ajfa-11193	67	4	the	the	DET
ajfa-11193	67	5	impact	impact	NOUN
ajfa-11193	67	6	of	of	ADP
ajfa-11193	67	7	debt	debt	NOUN
ajfa-11193	67	8	level	level	NOUN
ajfa-11193	67	9	on	on	ADP
ajfa-11193	67	10	asian	asian	ADJ
ajfa-11193	67	11	journal	journal	NOUN
ajfa-11193	67	12	of	of	ADP
ajfa-11193	67	13	finance	finance	PROPN
ajfa-11193	67	14	&	&	CCONJ
ajfa-11193	67	15	accounting	accounting	PROPN
ajfa-11193	67	16	issn	issn	PROPN
ajfa-11193	67	17	1946	1946	NUM
ajfa-11193	67	18	-	-	PUNCT
ajfa-11193	67	19	052x	052x	PROPN
ajfa-11193	67	20	2017	2017	NUM
ajfa-11193	67	21	,	,	PUNCT
ajfa-11193	67	22	vol	vol	NOUN
ajfa-11193	67	23	.	.	NOUN
ajfa-11193	67	24	9	9	NUM
ajfa-11193	67	25	,	,	PUNCT
ajfa-11193	67	26	no	no	INTJ
ajfa-11193	67	27	.	.	NOUN
ajfa-11193	67	28	1	1	NUM
ajfa-11193	67	29	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	67	30	401	401	NUM
ajfa-11193	67	31	profitability	profitability	NOUN
ajfa-11193	67	32	in	in	ADP
ajfa-11193	67	33	three	three	NUM
ajfa-11193	67	34	classes	class	NOUN
ajfa-11193	67	35	(	(	PUNCT
ajfa-11193	67	36	i.e.	i.e.	X
ajfa-11193	67	37	,	,	PUNCT
ajfa-11193	67	38	small	small	ADJ
ajfa-11193	67	39	,	,	PUNCT
ajfa-11193	67	40	medium	medium	ADJ
ajfa-11193	67	41	and	and	CCONJ
ajfa-11193	67	42	large	large	ADJ
ajfa-11193	67	43	capitalization	capitalization	NOUN
ajfa-11193	67	44	)	)	PUNCT
ajfa-11193	67	45	of	of	ADP
ajfa-11193	67	46	company	company	NOUN
ajfa-11193	67	47	size	size	NOUN
ajfa-11193	67	48	,	,	PUNCT
ajfa-11193	67	49	conducted	conduct	VERB
ajfa-11193	67	50	by	by	ADP
ajfa-11193	67	51	kebewar	kebewar	PROPN
ajfa-11193	67	52	(	(	PUNCT
ajfa-11193	67	53	2013	2013	NUM
ajfa-11193	67	54	)	)	PUNCT
ajfa-11193	67	55	,	,	PUNCT
ajfa-11193	67	56	found	find	VERB
ajfa-11193	67	57	that	that	SCONJ
ajfa-11193	67	58	the	the	DET
ajfa-11193	67	59	debt	debt	NOUN
ajfa-11193	67	60	negatively	negatively	ADV
ajfa-11193	67	61	affects	affect	VERB
ajfa-11193	67	62	profitability	profitability	NOUN
ajfa-11193	67	63	.	.	PUNCT
ajfa-11193	68	1	this	this	DET
ajfa-11193	68	2	finding	finding	NOUN
ajfa-11193	68	3	corresponds	correspond	VERB
ajfa-11193	68	4	to	to	ADP
ajfa-11193	68	5	shin	shin	NOUN
ajfa-11193	68	6	and	and	CCONJ
ajfa-11193	68	7	soenen	soenen	NOUN
ajfa-11193	68	8	(	(	PUNCT
ajfa-11193	68	9	1998	1998	NUM
ajfa-11193	68	10	)	)	PUNCT
ajfa-11193	68	11	,	,	PUNCT
ajfa-11193	68	12	deloof	deloof	NOUN
ajfa-11193	68	13	(	(	PUNCT
ajfa-11193	68	14	2003	2003	NUM
ajfa-11193	68	15	)	)	PUNCT
ajfa-11193	68	16	,	,	PUNCT
ajfa-11193	68	17	lazaridis	lazaridi	NOUN
ajfa-11193	68	18	and	and	CCONJ
ajfa-11193	68	19	tryfonidis	tryfonidi	NOUN
ajfa-11193	68	20	(	(	PUNCT
ajfa-11193	68	21	2006	2006	NUM
ajfa-11193	68	22	)	)	PUNCT
ajfa-11193	68	23	,	,	PUNCT
ajfa-11193	68	24	garcia	garcia	PROPN
ajfa-11193	68	25	-	-	PUNCT
ajfa-11193	68	26	teruel	teruel	PROPN
ajfa-11193	68	27	and	and	CCONJ
ajfa-11193	68	28	martinez	martinez	PROPN
ajfa-11193	68	29	-	-	PUNCT
ajfa-11193	68	30	solano	solano	PROPN
ajfa-11193	68	31	(	(	PUNCT
ajfa-11193	68	32	2007	2007	NUM
ajfa-11193	68	33	)	)	PUNCT
ajfa-11193	68	34	,	,	PUNCT
ajfa-11193	68	35	and	and	CCONJ
ajfa-11193	68	36	pervan	pervan	NOUN
ajfa-11193	68	37	and	and	CCONJ
ajfa-11193	68	38	višić	višić	PROPN
ajfa-11193	68	39	(	(	PUNCT
ajfa-11193	68	40	2012	2012	NUM
ajfa-11193	68	41	)	)	PUNCT
ajfa-11193	68	42	.	.	PUNCT
ajfa-11193	69	1	however	however	ADV
ajfa-11193	69	2	,	,	PUNCT
ajfa-11193	69	3	burja	burja	ADV
ajfa-11193	69	4	(	(	PUNCT
ajfa-11193	69	5	2011	2011	NUM
ajfa-11193	69	6	)	)	PUNCT
ajfa-11193	69	7	found	find	VERB
ajfa-11193	69	8	the	the	DET
ajfa-11193	69	9	opposite	opposite	ADJ
ajfa-11193	69	10	,	,	PUNCT
ajfa-11193	69	11	wherein	wherein	SCONJ
ajfa-11193	69	12	debt	debt	NOUN
ajfa-11193	69	13	ratio	ratio	NOUN
ajfa-11193	69	14	is	be	AUX
ajfa-11193	69	15	positively	positively	ADV
ajfa-11193	69	16	related	relate	VERB
ajfa-11193	69	17	to	to	ADP
ajfa-11193	69	18	profitability	profitability	NOUN
ajfa-11193	69	19	because	because	SCONJ
ajfa-11193	69	20	of	of	ADP
ajfa-11193	69	21	properly	properly	ADV
ajfa-11193	69	22	managing	manage	VERB
ajfa-11193	69	23	the	the	DET
ajfa-11193	69	24	advantage	advantage	NOUN
ajfa-11193	69	25	of	of	ADP
ajfa-11193	69	26	leverage	leverage	NOUN
ajfa-11193	69	27	.	.	PUNCT
ajfa-11193	70	1	pervan	pervan	PROPN
ajfa-11193	70	2	and	and	CCONJ
ajfa-11193	70	3	višić	višić	PROPN
ajfa-11193	70	4	(	(	PUNCT
ajfa-11193	70	5	2012	2012	NUM
ajfa-11193	70	6	)	)	PUNCT
ajfa-11193	70	7	on	on	ADP
ajfa-11193	70	8	the	the	DET
ajfa-11193	70	9	other	other	ADJ
ajfa-11193	70	10	hand	hand	NOUN
ajfa-11193	70	11	,	,	PUNCT
ajfa-11193	70	12	focused	focus	VERB
ajfa-11193	70	13	on	on	ADP
ajfa-11193	70	14	firm	firm	ADJ
ajfa-11193	70	15	size	size	NOUN
ajfa-11193	70	16	,	,	PUNCT
ajfa-11193	70	17	and	and	CCONJ
ajfa-11193	70	18	found	find	VERB
ajfa-11193	70	19	that	that	DET
ajfa-11193	70	20	size	size	NOUN
ajfa-11193	70	21	has	have	VERB
ajfa-11193	70	22	a	a	DET
ajfa-11193	70	23	significant	significant	ADJ
ajfa-11193	70	24	positive	positive	ADJ
ajfa-11193	70	25	influence	influence	NOUN
ajfa-11193	70	26	on	on	ADP
ajfa-11193	70	27	firm	firm	NOUN
ajfa-11193	70	28	’s	’s	PART
ajfa-11193	70	29	profitability	profitability	NOUN
ajfa-11193	70	30	.	.	PUNCT
ajfa-11193	71	1	in	in	ADP
ajfa-11193	71	2	addition	addition	NOUN
ajfa-11193	71	3	,	,	PUNCT
ajfa-11193	71	4	asset	asset	NOUN
ajfa-11193	71	5	turnover	turnover	NOUN
ajfa-11193	71	6	has	have	VERB
ajfa-11193	71	7	positive	positive	ADJ
ajfa-11193	71	8	significant	significant	ADJ
ajfa-11193	71	9	influence	influence	NOUN
ajfa-11193	71	10	and	and	CCONJ
ajfa-11193	71	11	debt	debt	NOUN
ajfa-11193	71	12	ratio	ratio	NOUN
ajfa-11193	71	13	has	have	VERB
ajfa-11193	71	14	negative	negative	ADJ
ajfa-11193	71	15	significant	significant	ADJ
ajfa-11193	71	16	influence	influence	NOUN
ajfa-11193	71	17	on	on	ADP
ajfa-11193	71	18	firms	firm	NOUN
ajfa-11193	71	19	’	’	PART
ajfa-11193	71	20	performance	performance	NOUN
ajfa-11193	71	21	while	while	SCONJ
ajfa-11193	71	22	current	current	ADJ
ajfa-11193	71	23	ratio	ratio	NOUN
ajfa-11193	71	24	does	do	AUX
ajfa-11193	71	25	n’t	not	PART
ajfa-11193	71	26	prove	prove	VERB
ajfa-11193	71	27	to	to	PART
ajfa-11193	71	28	be	be	AUX
ajfa-11193	71	29	an	an	DET
ajfa-11193	71	30	important	important	ADJ
ajfa-11193	71	31	explanatory	explanatory	ADJ
ajfa-11193	71	32	variable	variable	NOUN
ajfa-11193	71	33	of	of	ADP
ajfa-11193	71	34	firms	firm	NOUN
ajfa-11193	71	35	’	’	PART
ajfa-11193	71	36	profitability	profitability	NOUN
ajfa-11193	71	37	.	.	PUNCT
ajfa-11193	72	1	burja	burja	PROPN
ajfa-11193	72	2	(	(	PUNCT
ajfa-11193	72	3	2011	2011	NUM
ajfa-11193	72	4	)	)	PUNCT
ajfa-11193	72	5	also	also	ADV
ajfa-11193	72	6	analyzed	analyze	VERB
ajfa-11193	72	7	profitability	profitability	NOUN
ajfa-11193	72	8	,	,	PUNCT
ajfa-11193	72	9	and	and	CCONJ
ajfa-11193	72	10	found	find	VERB
ajfa-11193	72	11	negative	negative	ADJ
ajfa-11193	72	12	relationship	relationship	NOUN
ajfa-11193	72	13	between	between	ADP
ajfa-11193	72	14	the	the	DET
ajfa-11193	72	15	variable	variable	ADJ
ajfa-11193	72	16	and	and	CCONJ
ajfa-11193	72	17	fixed	fix	VERB
ajfa-11193	72	18	asset	asset	NOUN
ajfa-11193	72	19	and	and	CCONJ
ajfa-11193	72	20	expense	expense	NOUN
ajfa-11193	72	21	ratios	ratio	NOUN
ajfa-11193	72	22	.	.	PUNCT
ajfa-11193	73	1	however	however	ADV
ajfa-11193	73	2	,	,	PUNCT
ajfa-11193	73	3	the	the	DET
ajfa-11193	73	4	efficiency	efficiency	NOUN
ajfa-11193	73	5	of	of	ADP
ajfa-11193	73	6	managing	manage	VERB
ajfa-11193	73	7	inventories	inventory	NOUN
ajfa-11193	73	8	,	,	PUNCT
ajfa-11193	73	9	debt	debt	NOUN
ajfa-11193	73	10	levels	level	NOUN
ajfa-11193	73	11	,	,	PUNCT
ajfa-11193	73	12	and	and	CCONJ
ajfa-11193	73	13	efficiency	efficiency	NOUN
ajfa-11193	73	14	of	of	ADP
ajfa-11193	73	15	managing	manage	VERB
ajfa-11193	73	16	capital	capital	NOUN
ajfa-11193	73	17	have	have	VERB
ajfa-11193	73	18	positive	positive	ADJ
ajfa-11193	73	19	effect	effect	NOUN
ajfa-11193	73	20	on	on	ADP
ajfa-11193	73	21	profitability	profitability	NOUN
ajfa-11193	73	22	.	.	PUNCT
ajfa-11193	74	1	in	in	ADP
ajfa-11193	74	2	an	an	DET
ajfa-11193	74	3	earlier	early	ADJ
ajfa-11193	74	4	study	study	NOUN
ajfa-11193	74	5	,	,	PUNCT
ajfa-11193	74	6	zubairi	zubairi	PROPN
ajfa-11193	74	7	(	(	PUNCT
ajfa-11193	74	8	2010	2010	NUM
ajfa-11193	74	9	)	)	PUNCT
ajfa-11193	74	10	research	research	NOUN
ajfa-11193	74	11	results	result	NOUN
ajfa-11193	74	12	showed	show	VERB
ajfa-11193	74	13	a	a	DET
ajfa-11193	74	14	positive	positive	ADJ
ajfa-11193	74	15	relationship	relationship	NOUN
ajfa-11193	74	16	between	between	ADP
ajfa-11193	74	17	profitability	profitability	NOUN
ajfa-11193	74	18	and	and	CCONJ
ajfa-11193	74	19	average	average	ADJ
ajfa-11193	74	20	share	share	NOUN
ajfa-11193	74	21	price	price	NOUN
ajfa-11193	74	22	,	,	PUNCT
ajfa-11193	74	23	liquidity	liquidity	NOUN
ajfa-11193	74	24	,	,	PUNCT
ajfa-11193	74	25	growth	growth	NOUN
ajfa-11193	74	26	of	of	ADP
ajfa-11193	74	27	revenue	revenue	NOUN
ajfa-11193	74	28	,	,	PUNCT
ajfa-11193	74	29	and	and	CCONJ
ajfa-11193	74	30	economic	economic	ADJ
ajfa-11193	74	31	factor	factor	NOUN
ajfa-11193	74	32	,	,	PUNCT
ajfa-11193	74	33	gdp	gdp	NOUN
ajfa-11193	74	34	growth	growth	NOUN
ajfa-11193	74	35	.	.	PUNCT
ajfa-11193	75	1	but	but	CCONJ
ajfa-11193	75	2	the	the	DET
ajfa-11193	75	3	relationship	relationship	NOUN
ajfa-11193	75	4	between	between	ADP
ajfa-11193	75	5	profitability	profitability	NOUN
ajfa-11193	75	6	and	and	CCONJ
ajfa-11193	75	7	financial	financial	ADJ
ajfa-11193	75	8	leverage	leverage	NOUN
ajfa-11193	75	9	is	be	AUX
ajfa-11193	75	10	negative	negative	ADJ
ajfa-11193	75	11	.	.	PUNCT
ajfa-11193	76	1	2.2	2.2	NUM
ajfa-11193	76	2	factors	factor	NOUN
ajfa-11193	76	3	affecting	affect	VERB
ajfa-11193	76	4	profitability	profitability	NOUN
ajfa-11193	76	5	of	of	ADP
ajfa-11193	76	6	real	real	ADJ
ajfa-11193	76	7	estate	estate	NOUN
ajfa-11193	76	8	firms	firm	NOUN
ajfa-11193	76	9	globally	globally	ADV
ajfa-11193	76	10	hammes	hamme	VERB
ajfa-11193	76	11	and	and	CCONJ
ajfa-11193	76	12	chen	chen	PROPN
ajfa-11193	76	13	(	(	PUNCT
ajfa-11193	76	14	2005	2005	NUM
ajfa-11193	76	15	)	)	PUNCT
ajfa-11193	76	16	conducted	conduct	VERB
ajfa-11193	76	17	research	research	NOUN
ajfa-11193	76	18	to	to	PART
ajfa-11193	76	19	discover	discover	VERB
ajfa-11193	76	20	factors	factor	NOUN
ajfa-11193	76	21	that	that	PRON
ajfa-11193	76	22	influence	influence	VERB
ajfa-11193	76	23	profitability	profitability	NOUN
ajfa-11193	76	24	of	of	ADP
ajfa-11193	76	25	real	real	ADJ
ajfa-11193	76	26	estate	estate	NOUN
ajfa-11193	76	27	firms	firm	NOUN
ajfa-11193	76	28	in	in	ADP
ajfa-11193	76	29	european	european	ADJ
ajfa-11193	76	30	countries	country	NOUN
ajfa-11193	76	31	.	.	PUNCT
ajfa-11193	77	1	generally	generally	ADV
ajfa-11193	77	2	,	,	PUNCT
ajfa-11193	77	3	the	the	DET
ajfa-11193	77	4	study	study	NOUN
ajfa-11193	77	5	found	find	VERB
ajfa-11193	77	6	that	that	SCONJ
ajfa-11193	77	7	borrowing	borrowing	NOUN
ajfa-11193	77	8	has	have	VERB
ajfa-11193	77	9	a	a	DET
ajfa-11193	77	10	negative	negative	ADJ
ajfa-11193	77	11	effect	effect	NOUN
ajfa-11193	77	12	,	,	PUNCT
ajfa-11193	77	13	while	while	SCONJ
ajfa-11193	77	14	firm	firm	ADJ
ajfa-11193	77	15	size	size	NOUN
ajfa-11193	77	16	firm	firm	NOUN
ajfa-11193	77	17	has	have	VERB
ajfa-11193	77	18	a	a	DET
ajfa-11193	77	19	weak	weak	ADJ
ajfa-11193	77	20	positive	positive	ADJ
ajfa-11193	77	21	effect	effect	NOUN
ajfa-11193	77	22	on	on	ADP
ajfa-11193	77	23	performance	performance	NOUN
ajfa-11193	77	24	except	except	SCONJ
ajfa-11193	77	25	for	for	ADP
ajfa-11193	77	26	austria	austria	PROPN
ajfa-11193	77	27	,	,	PUNCT
ajfa-11193	77	28	which	which	PRON
ajfa-11193	77	29	has	have	VERB
ajfa-11193	77	30	a	a	DET
ajfa-11193	77	31	negative	negative	ADJ
ajfa-11193	77	32	effect	effect	NOUN
ajfa-11193	77	33	.	.	PUNCT
ajfa-11193	78	1	also	also	ADV
ajfa-11193	78	2	,	,	PUNCT
ajfa-11193	78	3	in	in	ADP
ajfa-11193	78	4	most	most	ADJ
ajfa-11193	78	5	european	european	ADJ
ajfa-11193	78	6	countries	country	NOUN
ajfa-11193	78	7	tangibility	tangibility	NOUN
ajfa-11193	78	8	factor	factor	NOUN
ajfa-11193	78	9	was	be	AUX
ajfa-11193	78	10	positively	positively	ADV
ajfa-11193	78	11	related	relate	VERB
ajfa-11193	78	12	to	to	ADP
ajfa-11193	78	13	borrowing	borrowing	NOUN
ajfa-11193	78	14	,	,	PUNCT
ajfa-11193	78	15	but	but	CCONJ
ajfa-11193	78	16	not	not	PART
ajfa-11193	78	17	to	to	ADP
ajfa-11193	78	18	profitability	profitability	NOUN
ajfa-11193	78	19	.	.	PUNCT
ajfa-11193	79	1	in	in	ADP
ajfa-11193	79	2	an	an	DET
ajfa-11193	79	3	earlier	early	ADJ
ajfa-11193	79	4	study	study	NOUN
ajfa-11193	79	5	of	of	ADP
ajfa-11193	79	6	the	the	DET
ajfa-11193	79	7	same	same	ADJ
ajfa-11193	79	8	authors	author	NOUN
ajfa-11193	79	9	,	,	PUNCT
ajfa-11193	79	10	hammes	hamme	NOUN
ajfa-11193	79	11	and	and	CCONJ
ajfa-11193	79	12	chen	chen	PROPN
ajfa-11193	79	13	(	(	PUNCT
ajfa-11193	79	14	2004	2004	NUM
ajfa-11193	79	15	)	)	PUNCT
ajfa-11193	79	16	analyzed	analyze	VERB
ajfa-11193	79	17	the	the	DET
ajfa-11193	79	18	performance	performance	NOUN
ajfa-11193	79	19	of	of	ADP
ajfa-11193	79	20	the	the	DET
ajfa-11193	79	21	swedish	swedish	ADJ
ajfa-11193	79	22	real	real	ADJ
ajfa-11193	79	23	estate	estate	NOUN
ajfa-11193	79	24	industry	industry	NOUN
ajfa-11193	79	25	,	,	PUNCT
ajfa-11193	79	26	and	and	CCONJ
ajfa-11193	79	27	showed	show	VERB
ajfa-11193	79	28	that	that	SCONJ
ajfa-11193	79	29	firm	firm	ADJ
ajfa-11193	79	30	performance	performance	NOUN
ajfa-11193	79	31	could	could	AUX
ajfa-11193	79	32	be	be	AUX
ajfa-11193	79	33	explained	explain	VERB
ajfa-11193	79	34	by	by	ADP
ajfa-11193	79	35	capital	capital	NOUN
ajfa-11193	79	36	structure	structure	NOUN
ajfa-11193	79	37	,	,	PUNCT
ajfa-11193	79	38	size	size	NOUN
ajfa-11193	79	39	,	,	PUNCT
ajfa-11193	79	40	age	age	NOUN
ajfa-11193	79	41	,	,	PUNCT
ajfa-11193	79	42	tangibility	tangibility	NOUN
ajfa-11193	79	43	and	and	CCONJ
ajfa-11193	79	44	debt	debt	NOUN
ajfa-11193	79	45	ratio	ratio	NOUN
ajfa-11193	79	46	.	.	PUNCT
ajfa-11193	80	1	in	in	ADP
ajfa-11193	80	2	addition	addition	NOUN
ajfa-11193	80	3	,	,	PUNCT
ajfa-11193	80	4	tangible	tangible	ADJ
ajfa-11193	80	5	assets	asset	NOUN
ajfa-11193	80	6	(	(	PUNCT
ajfa-11193	80	7	i.e.	i.e.	X
ajfa-11193	80	8	,	,	PUNCT
ajfa-11193	80	9	plant	plant	NOUN
ajfa-11193	80	10	and	and	CCONJ
ajfa-11193	80	11	equipment	equipment	NOUN
ajfa-11193	80	12	)	)	PUNCT
ajfa-11193	80	13	contribute	contribute	VERB
ajfa-11193	80	14	to	to	ADP
ajfa-11193	80	15	the	the	DET
ajfa-11193	80	16	profitability	profitability	NOUN
ajfa-11193	80	17	of	of	ADP
ajfa-11193	80	18	a	a	DET
ajfa-11193	80	19	firm	firm	NOUN
ajfa-11193	80	20	serving	serve	VERB
ajfa-11193	80	21	as	as	ADP
ajfa-11193	80	22	collateral	collateral	NOUN
ajfa-11193	80	23	for	for	ADP
ajfa-11193	80	24	bank	bank	NOUN
ajfa-11193	80	25	loans	loan	NOUN
ajfa-11193	80	26	.	.	PUNCT
ajfa-11193	81	1	however	however	ADV
ajfa-11193	81	2	,	,	PUNCT
ajfa-11193	81	3	excessive	excessive	ADJ
ajfa-11193	81	4	tangible	tangible	ADJ
ajfa-11193	81	5	assets	asset	NOUN
ajfa-11193	81	6	were	be	AUX
ajfa-11193	81	7	negatively	negatively	ADV
ajfa-11193	81	8	related	relate	VERB
ajfa-11193	81	9	to	to	ADP
ajfa-11193	81	10	profitability	profitability	NOUN
ajfa-11193	81	11	in	in	ADP
ajfa-11193	81	12	the	the	DET
ajfa-11193	81	13	short	short	ADJ
ajfa-11193	81	14	-	-	PUNCT
ajfa-11193	81	15	term	term	NOUN
ajfa-11193	81	16	,	,	PUNCT
ajfa-11193	81	17	because	because	SCONJ
ajfa-11193	81	18	of	of	ADP
ajfa-11193	81	19	the	the	DET
ajfa-11193	81	20	expensive	expensive	ADJ
ajfa-11193	81	21	maintenance	maintenance	NOUN
ajfa-11193	81	22	inherent	inherent	ADJ
ajfa-11193	81	23	with	with	ADP
ajfa-11193	81	24	these	these	DET
ajfa-11193	81	25	assets	asset	NOUN
ajfa-11193	81	26	.	.	PUNCT
ajfa-11193	82	1	studies	study	NOUN
ajfa-11193	82	2	in	in	ADP
ajfa-11193	82	3	the	the	DET
ajfa-11193	82	4	middle	middle	PROPN
ajfa-11193	82	5	east	east	PROPN
ajfa-11193	82	6	and	and	CCONJ
ajfa-11193	82	7	africa	africa	PROPN
ajfa-11193	82	8	were	be	AUX
ajfa-11193	82	9	also	also	ADV
ajfa-11193	82	10	present	present	ADJ
ajfa-11193	82	11	.	.	PUNCT
ajfa-11193	83	1	for	for	ADP
ajfa-11193	83	2	example	example	NOUN
ajfa-11193	83	3	,	,	PUNCT
ajfa-11193	83	4	mehta	mehta	PROPN
ajfa-11193	83	5	(	(	PUNCT
ajfa-11193	83	6	2014	2014	NUM
ajfa-11193	83	7	)	)	PUNCT
ajfa-11193	83	8	investigated	investigate	VERB
ajfa-11193	83	9	the	the	DET
ajfa-11193	83	10	relationship	relationship	NOUN
ajfa-11193	83	11	of	of	ADP
ajfa-11193	83	12	working	work	VERB
ajfa-11193	83	13	capital	capital	NOUN
ajfa-11193	83	14	management	management	NOUN
ajfa-11193	83	15	and	and	CCONJ
ajfa-11193	83	16	the	the	DET
ajfa-11193	83	17	profitability	profitability	NOUN
ajfa-11193	83	18	in	in	ADP
ajfa-11193	83	19	the	the	DET
ajfa-11193	83	20	real	real	ADJ
ajfa-11193	83	21	estate	estate	NOUN
ajfa-11193	83	22	and	and	CCONJ
ajfa-11193	83	23	construction	construction	NOUN
ajfa-11193	83	24	sectors	sector	NOUN
ajfa-11193	83	25	of	of	ADP
ajfa-11193	83	26	the	the	DET
ajfa-11193	83	27	united	united	PROPN
ajfa-11193	83	28	arab	arab	PROPN
ajfa-11193	83	29	emirates	emirates	PROPN
ajfa-11193	83	30	(	(	PUNCT
ajfa-11193	83	31	uae	uae	PROPN
ajfa-11193	83	32	)	)	PUNCT
ajfa-11193	83	33	.	.	PUNCT
ajfa-11193	84	1	the	the	DET
ajfa-11193	84	2	results	result	NOUN
ajfa-11193	84	3	showed	show	VERB
ajfa-11193	84	4	a	a	DET
ajfa-11193	84	5	significant	significant	ADJ
ajfa-11193	84	6	negative	negative	ADJ
ajfa-11193	84	7	relationship	relationship	NOUN
ajfa-11193	84	8	between	between	ADP
ajfa-11193	84	9	profitability	profitability	NOUN
ajfa-11193	84	10	and	and	CCONJ
ajfa-11193	84	11	the	the	DET
ajfa-11193	84	12	length	length	NOUN
ajfa-11193	84	13	of	of	ADP
ajfa-11193	84	14	the	the	DET
ajfa-11193	84	15	firm	firm	NOUN
ajfa-11193	84	16	’s	’s	PART
ajfa-11193	84	17	cash	cash	NOUN
ajfa-11193	84	18	conversion	conversion	NOUN
ajfa-11193	84	19	cycle	cycle	NOUN
ajfa-11193	84	20	.	.	PUNCT
ajfa-11193	85	1	this	this	PRON
ajfa-11193	85	2	means	mean	VERB
ajfa-11193	85	3	that	that	SCONJ
ajfa-11193	85	4	the	the	PRON
ajfa-11193	85	5	longer	long	ADJ
ajfa-11193	85	6	the	the	DET
ajfa-11193	85	7	cash	cash	NOUN
ajfa-11193	85	8	conversion	conversion	NOUN
ajfa-11193	85	9	cycle	cycle	NOUN
ajfa-11193	85	10	,	,	PUNCT
ajfa-11193	85	11	the	the	DET
ajfa-11193	85	12	lesser	less	ADJ
ajfa-11193	85	13	will	will	AUX
ajfa-11193	85	14	be	be	AUX
ajfa-11193	85	15	the	the	DET
ajfa-11193	85	16	profitability	profitability	NOUN
ajfa-11193	85	17	.	.	PUNCT
ajfa-11193	86	1	in	in	ADP
ajfa-11193	86	2	jordan	jordan	PROPN
ajfa-11193	86	3	,	,	PUNCT
ajfa-11193	86	4	dahmash	dahmash	NOUN
ajfa-11193	86	5	(	(	PUNCT
ajfa-11193	86	6	2014	2014	NUM
ajfa-11193	86	7	)	)	PUNCT
ajfa-11193	86	8	studied	study	VERB
ajfa-11193	86	9	about	about	ADP
ajfa-11193	86	10	the	the	DET
ajfa-11193	86	11	effect	effect	NOUN
ajfa-11193	86	12	of	of	ADP
ajfa-11193	86	13	size	size	NOUN
ajfa-11193	86	14	on	on	ADP
ajfa-11193	86	15	the	the	DET
ajfa-11193	86	16	profitability	profitability	NOUN
ajfa-11193	86	17	of	of	ADP
ajfa-11193	86	18	listed	list	VERB
ajfa-11193	86	19	companies	company	NOUN
ajfa-11193	86	20	in	in	ADP
ajfa-11193	86	21	the	the	DET
ajfa-11193	86	22	amman	amman	PROPN
ajfa-11193	86	23	stock	stock	PROPN
ajfa-11193	86	24	exchange	exchange	PROPN
ajfa-11193	86	25	.	.	PUNCT
ajfa-11193	87	1	the	the	DET
ajfa-11193	87	2	results	result	NOUN
ajfa-11193	87	3	indicated	indicate	VERB
ajfa-11193	87	4	that	that	SCONJ
ajfa-11193	87	5	total	total	ADJ
ajfa-11193	87	6	assets	asset	NOUN
ajfa-11193	87	7	has	have	VERB
ajfa-11193	87	8	an	an	DET
ajfa-11193	87	9	insignificant	insignificant	ADJ
ajfa-11193	87	10	coefficient	coefficient	NOUN
ajfa-11193	87	11	values	value	NOUN
ajfa-11193	87	12	in	in	ADP
ajfa-11193	87	13	relation	relation	NOUN
ajfa-11193	87	14	to	to	ADP
ajfa-11193	87	15	company	company	NOUN
ajfa-11193	87	16	size	size	NOUN
ajfa-11193	87	17	for	for	ADP
ajfa-11193	87	18	real	real	ADJ
ajfa-11193	87	19	estate	estate	NOUN
ajfa-11193	87	20	companies	company	NOUN
ajfa-11193	87	21	.	.	PUNCT
ajfa-11193	88	1	in	in	ADP
ajfa-11193	88	2	africa	africa	PROPN
ajfa-11193	88	3	,	,	PUNCT
ajfa-11193	88	4	the	the	DET
ajfa-11193	88	5	study	study	NOUN
ajfa-11193	88	6	of	of	ADP
ajfa-11193	88	7	emoh	emoh	NOUN
ajfa-11193	88	8	and	and	CCONJ
ajfa-11193	88	9	uzuanje	uzuanje	PROPN
ajfa-11193	88	10	(	(	PUNCT
ajfa-11193	88	11	2015	2015	NUM
ajfa-11193	88	12	)	)	PUNCT
ajfa-11193	88	13	research	research	NOUN
ajfa-11193	88	14	about	about	ADP
ajfa-11193	88	15	the	the	DET
ajfa-11193	88	16	influence	influence	NOUN
ajfa-11193	88	17	of	of	ADP
ajfa-11193	88	18	increasing	increase	VERB
ajfa-11193	88	19	cost	cost	NOUN
ajfa-11193	88	20	of	of	ADP
ajfa-11193	88	21	capital	capital	NOUN
ajfa-11193	88	22	on	on	ADP
ajfa-11193	88	23	the	the	DET
ajfa-11193	88	24	profitability	profitability	NOUN
ajfa-11193	88	25	of	of	ADP
ajfa-11193	88	26	real	real	ADJ
ajfa-11193	88	27	estate	estate	NOUN
ajfa-11193	88	28	developments	development	NOUN
ajfa-11193	88	29	in	in	ADP
ajfa-11193	88	30	a	a	DET
ajfa-11193	88	31	particular	particular	ADJ
ajfa-11193	88	32	locale	locale	NOUN
ajfa-11193	88	33	in	in	ADP
ajfa-11193	88	34	nigeria	nigeria	PROPN
ajfa-11193	88	35	,	,	PUNCT
ajfa-11193	88	36	benin	benin	PROPN
ajfa-11193	88	37	city	city	PROPN
ajfa-11193	88	38	.	.	PUNCT
ajfa-11193	89	1	the	the	DET
ajfa-11193	89	2	study	study	NOUN
ajfa-11193	89	3	showed	show	VERB
ajfa-11193	89	4	that	that	SCONJ
ajfa-11193	89	5	cost	cost	NOUN
ajfa-11193	89	6	of	of	ADP
ajfa-11193	89	7	capital	capital	NOUN
ajfa-11193	89	8	negatively	negatively	ADV
ajfa-11193	89	9	affects	affect	VERB
ajfa-11193	89	10	rate	rate	NOUN
ajfa-11193	89	11	of	of	ADP
ajfa-11193	89	12	returns	return	NOUN
ajfa-11193	89	13	,	,	PUNCT
ajfa-11193	89	14	which	which	PRON
ajfa-11193	89	15	implied	imply	VERB
ajfa-11193	89	16	that	that	SCONJ
ajfa-11193	89	17	increasing	increase	VERB
ajfa-11193	89	18	cost	cost	NOUN
ajfa-11193	89	19	of	of	ADP
ajfa-11193	89	20	capital	capital	NOUN
ajfa-11193	89	21	reduced	reduce	VERB
ajfa-11193	89	22	profit	profit	NOUN
ajfa-11193	89	23	levels	level	NOUN
ajfa-11193	89	24	of	of	ADP
ajfa-11193	89	25	real	real	ADJ
ajfa-11193	89	26	estate	estate	NOUN
ajfa-11193	89	27	developers	developer	NOUN
ajfa-11193	89	28	.	.	PUNCT
ajfa-11193	90	1	asian	asian	ADJ
ajfa-11193	90	2	journal	journal	PROPN
ajfa-11193	90	3	of	of	ADP
ajfa-11193	90	4	finance	finance	PROPN
ajfa-11193	90	5	&	&	CCONJ
ajfa-11193	90	6	accounting	accounting	PROPN
ajfa-11193	90	7	issn	issn	PROPN
ajfa-11193	90	8	1946	1946	NUM
ajfa-11193	90	9	-	-	PUNCT
ajfa-11193	90	10	052x	052x	PROPN
ajfa-11193	90	11	2017	2017	NUM
ajfa-11193	90	12	,	,	PUNCT
ajfa-11193	90	13	vol	vol	NOUN
ajfa-11193	90	14	.	.	NOUN
ajfa-11193	90	15	9	9	NUM
ajfa-11193	90	16	,	,	PUNCT
ajfa-11193	90	17	no	no	INTJ
ajfa-11193	90	18	.	.	NOUN
ajfa-11193	90	19	1	1	NUM
ajfa-11193	90	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	90	21	402	402	NUM
ajfa-11193	90	22	in	in	ADP
ajfa-11193	90	23	asia	asia	PROPN
ajfa-11193	90	24	,	,	PUNCT
ajfa-11193	90	25	malaysia	malaysia	PROPN
ajfa-11193	90	26	’s	’s	PART
ajfa-11193	90	27	real	real	ADJ
ajfa-11193	90	28	estate	estate	NOUN
ajfa-11193	90	29	industry	industry	NOUN
ajfa-11193	90	30	has	have	AUX
ajfa-11193	90	31	been	be	AUX
ajfa-11193	90	32	highlighted	highlight	VERB
ajfa-11193	90	33	in	in	ADP
ajfa-11193	90	34	two	two	NUM
ajfa-11193	90	35	studies	study	NOUN
ajfa-11193	90	36	.	.	PUNCT
ajfa-11193	91	1	a	a	DET
ajfa-11193	91	2	unique	unique	ADJ
ajfa-11193	91	3	relationship	relationship	NOUN
ajfa-11193	91	4	was	be	AUX
ajfa-11193	91	5	established	establish	VERB
ajfa-11193	91	6	by	by	ADP
ajfa-11193	91	7	jarad	jarad	PROPN
ajfa-11193	91	8	and	and	CCONJ
ajfa-11193	91	9	sulaiman	sulaiman	PROPN
ajfa-11193	91	10	(	(	PUNCT
ajfa-11193	91	11	2011	2011	NUM
ajfa-11193	91	12	)	)	PUNCT
ajfa-11193	91	13	who	who	PRON
ajfa-11193	91	14	investigated	investigate	VERB
ajfa-11193	91	15	the	the	DET
ajfa-11193	91	16	connection	connection	NOUN
ajfa-11193	91	17	between	between	ADP
ajfa-11193	91	18	design	design	NOUN
ajfa-11193	91	19	as	as	ADP
ajfa-11193	91	20	strategy	strategy	NOUN
ajfa-11193	91	21	of	of	ADP
ajfa-11193	91	22	real	real	ADJ
ajfa-11193	91	23	estate	estate	NOUN
ajfa-11193	91	24	firms	firm	NOUN
ajfa-11193	91	25	and	and	CCONJ
ajfa-11193	91	26	its	its	PRON
ajfa-11193	91	27	relation	relation	NOUN
ajfa-11193	91	28	to	to	ADP
ajfa-11193	91	29	their	their	PRON
ajfa-11193	91	30	profitability	profitability	NOUN
ajfa-11193	91	31	.	.	PUNCT
ajfa-11193	92	1	the	the	DET
ajfa-11193	92	2	results	result	NOUN
ajfa-11193	92	3	showed	show	VERB
ajfa-11193	92	4	that	that	SCONJ
ajfa-11193	92	5	design	design	NOUN
ajfa-11193	92	6	innovativeness	innovativeness	NOUN
ajfa-11193	92	7	was	be	AUX
ajfa-11193	92	8	positively	positively	ADV
ajfa-11193	92	9	correlated	correlate	VERB
ajfa-11193	92	10	with	with	ADP
ajfa-11193	92	11	profitability	profitability	NOUN
ajfa-11193	92	12	.	.	PUNCT
ajfa-11193	93	1	on	on	ADP
ajfa-11193	93	2	one	one	NUM
ajfa-11193	93	3	hand	hand	NOUN
ajfa-11193	93	4	,	,	PUNCT
ajfa-11193	93	5	mahmood	mahmood	PROPN
ajfa-11193	93	6	and	and	CCONJ
ajfa-11193	93	7	zakaria	zakaria	PROPN
ajfa-11193	93	8	(	(	PUNCT
ajfa-11193	93	9	2007	2007	NUM
ajfa-11193	93	10	)	)	PUNCT
ajfa-11193	93	11	also	also	ADV
ajfa-11193	93	12	studied	study	VERB
ajfa-11193	93	13	malaysian	malaysian	ADJ
ajfa-11193	93	14	property	property	NOUN
ajfa-11193	93	15	developers	developer	NOUN
ajfa-11193	93	16	and	and	CCONJ
ajfa-11193	93	17	constructors	constructor	NOUN
ajfa-11193	93	18	with	with	ADP
ajfa-11193	93	19	regards	regard	NOUN
ajfa-11193	93	20	to	to	ADP
ajfa-11193	93	21	profitability	profitability	NOUN
ajfa-11193	93	22	and	and	CCONJ
ajfa-11193	93	23	capital	capital	NOUN
ajfa-11193	93	24	structure	structure	NOUN
ajfa-11193	93	25	.	.	PUNCT
ajfa-11193	94	1	the	the	DET
ajfa-11193	94	2	findings	finding	NOUN
ajfa-11193	94	3	indicated	indicate	VERB
ajfa-11193	94	4	that	that	SCONJ
ajfa-11193	94	5	financial	financial	ADJ
ajfa-11193	94	6	leverage	leverage	NOUN
ajfa-11193	94	7	was	be	AUX
ajfa-11193	94	8	negatively	negatively	ADV
ajfa-11193	94	9	related	relate	VERB
ajfa-11193	94	10	with	with	ADP
ajfa-11193	94	11	net	net	ADJ
ajfa-11193	94	12	profit	profit	NOUN
ajfa-11193	94	13	margins	margin	NOUN
ajfa-11193	94	14	and	and	CCONJ
ajfa-11193	94	15	price	price	NOUN
ajfa-11193	94	16	earning	earning	NOUN
ajfa-11193	94	17	ratio	ratio	NOUN
ajfa-11193	94	18	for	for	ADP
ajfa-11193	94	19	both	both	DET
ajfa-11193	94	20	property	property	NOUN
ajfa-11193	94	21	and	and	CCONJ
ajfa-11193	94	22	construction	construction	NOUN
ajfa-11193	94	23	sectors	sector	NOUN
ajfa-11193	94	24	.	.	PUNCT
ajfa-11193	95	1	the	the	DET
ajfa-11193	95	2	greater	great	ADJ
ajfa-11193	95	3	china	china	PROPN
ajfa-11193	95	4	region	region	NOUN
ajfa-11193	95	5	also	also	ADV
ajfa-11193	95	6	had	have	VERB
ajfa-11193	95	7	its	its	PRON
ajfa-11193	95	8	shares	share	NOUN
ajfa-11193	95	9	of	of	ADP
ajfa-11193	95	10	studies	study	NOUN
ajfa-11193	95	11	about	about	ADP
ajfa-11193	95	12	factors	factor	NOUN
ajfa-11193	95	13	affecting	affect	VERB
ajfa-11193	95	14	the	the	DET
ajfa-11193	95	15	profitability	profitability	NOUN
ajfa-11193	95	16	of	of	ADP
ajfa-11193	95	17	real	real	ADJ
ajfa-11193	95	18	estate	estate	NOUN
ajfa-11193	95	19	firms	firm	NOUN
ajfa-11193	95	20	.	.	PUNCT
ajfa-11193	96	1	feng	feng	PROPN
ajfa-11193	96	2	and	and	CCONJ
ajfa-11193	96	3	guo	guo	PROPN
ajfa-11193	96	4	(	(	PUNCT
ajfa-11193	96	5	2015	2015	NUM
ajfa-11193	96	6	)	)	PUNCT
ajfa-11193	96	7	analyzed	analyze	VERB
ajfa-11193	96	8	the	the	DET
ajfa-11193	96	9	relationship	relationship	NOUN
ajfa-11193	96	10	between	between	ADP
ajfa-11193	96	11	capital	capital	NOUN
ajfa-11193	96	12	structure	structure	NOUN
ajfa-11193	96	13	and	and	CCONJ
ajfa-11193	96	14	financial	financial	ADJ
ajfa-11193	96	15	performance	performance	NOUN
ajfa-11193	96	16	of	of	ADP
ajfa-11193	96	17	real	real	ADJ
ajfa-11193	96	18	estate	estate	NOUN
ajfa-11193	96	19	listed	list	VERB
ajfa-11193	96	20	companies	company	NOUN
ajfa-11193	96	21	in	in	ADP
ajfa-11193	96	22	shanghai	shanghai	PROPN
ajfa-11193	96	23	,	,	PUNCT
ajfa-11193	96	24	and	and	CCONJ
ajfa-11193	96	25	showed	show	VERB
ajfa-11193	96	26	that	that	SCONJ
ajfa-11193	96	27	the	the	DET
ajfa-11193	96	28	high	high	ADJ
ajfa-11193	96	29	debt	debt	NOUN
ajfa-11193	96	30	ratio	ratio	NOUN
ajfa-11193	96	31	is	be	AUX
ajfa-11193	96	32	negatively	negatively	ADV
ajfa-11193	96	33	related	relate	VERB
ajfa-11193	96	34	to	to	ADP
ajfa-11193	96	35	its	its	PRON
ajfa-11193	96	36	financial	financial	ADJ
ajfa-11193	96	37	performance	performance	NOUN
ajfa-11193	96	38	.	.	PUNCT
ajfa-11193	97	1	wu	wu	PROPN
ajfa-11193	97	2	and	and	CCONJ
ajfa-11193	97	3	hsieh	hsieh	PROPN
ajfa-11193	97	4	(	(	PUNCT
ajfa-11193	97	5	2006	2006	NUM
ajfa-11193	97	6	)	)	PUNCT
ajfa-11193	97	7	analyzed	analyze	VERB
ajfa-11193	97	8	the	the	DET
ajfa-11193	97	9	correlation	correlation	NOUN
ajfa-11193	97	10	between	between	ADP
ajfa-11193	97	11	debt	debt	NOUN
ajfa-11193	97	12	ratios	ratio	NOUN
ajfa-11193	97	13	and	and	CCONJ
ajfa-11193	97	14	corporate	corporate	ADJ
ajfa-11193	97	15	performance	performance	NOUN
ajfa-11193	97	16	of	of	ADP
ajfa-11193	97	17	taiwanese	taiwanese	ADJ
ajfa-11193	97	18	property	property	NOUN
ajfa-11193	97	19	development	development	NOUN
ajfa-11193	97	20	firms	firm	NOUN
ajfa-11193	97	21	during	during	ADP
ajfa-11193	97	22	economic	economic	ADJ
ajfa-11193	97	23	contractions	contraction	NOUN
ajfa-11193	97	24	.	.	PUNCT
ajfa-11193	98	1	the	the	DET
ajfa-11193	98	2	study	study	NOUN
ajfa-11193	98	3	found	find	VERB
ajfa-11193	98	4	that	that	SCONJ
ajfa-11193	98	5	industry	industry	NOUN
ajfa-11193	98	6	profits	profit	NOUN
ajfa-11193	98	7	decline	decline	VERB
ajfa-11193	98	8	during	during	ADP
ajfa-11193	98	9	periods	period	NOUN
ajfa-11193	98	10	of	of	ADP
ajfa-11193	98	11	contraction	contraction	NOUN
ajfa-11193	98	12	.	.	PUNCT
ajfa-11193	99	1	moreover	moreover	ADV
ajfa-11193	99	2	,	,	PUNCT
ajfa-11193	99	3	industry	industry	NOUN
ajfa-11193	99	4	characteristics	characteristic	NOUN
ajfa-11193	99	5	and	and	CCONJ
ajfa-11193	99	6	short	short	ADJ
ajfa-11193	99	7	-	-	PUNCT
ajfa-11193	99	8	term	term	NOUN
ajfa-11193	99	9	debt	debt	NOUN
ajfa-11193	99	10	ratio	ratio	NOUN
ajfa-11193	99	11	has	have	VERB
ajfa-11193	99	12	positive	positive	ADJ
ajfa-11193	99	13	correlation	correlation	NOUN
ajfa-11193	99	14	,	,	PUNCT
ajfa-11193	99	15	however	however	ADV
ajfa-11193	99	16	a	a	DET
ajfa-11193	99	17	negative	negative	ADJ
ajfa-11193	99	18	correlation	correlation	NOUN
ajfa-11193	99	19	exists	exist	VERB
ajfa-11193	99	20	between	between	ADP
ajfa-11193	99	21	stock	stock	NOUN
ajfa-11193	99	22	dividend	dividend	NOUN
ajfa-11193	99	23	policy	policy	NOUN
ajfa-11193	99	24	and	and	CCONJ
ajfa-11193	99	25	operating	operate	VERB
ajfa-11193	99	26	risk	risk	NOUN
ajfa-11193	99	27	in	in	ADP
ajfa-11193	99	28	terms	term	NOUN
ajfa-11193	99	29	of	of	ADP
ajfa-11193	99	30	total	total	ADJ
ajfa-11193	99	31	debt	debt	NOUN
ajfa-11193	99	32	and	and	CCONJ
ajfa-11193	99	33	short	short	ADJ
ajfa-11193	99	34	-	-	PUNCT
ajfa-11193	99	35	term	term	NOUN
ajfa-11193	99	36	debt	debt	NOUN
ajfa-11193	99	37	ratios	ratio	NOUN
ajfa-11193	99	38	.	.	PUNCT
ajfa-11193	100	1	in	in	ADP
ajfa-11193	100	2	addition	addition	NOUN
ajfa-11193	100	3	,	,	PUNCT
ajfa-11193	100	4	lee	lee	PROPN
ajfa-11193	100	5	(	(	PUNCT
ajfa-11193	100	6	2009	2009	NUM
ajfa-11193	100	7	)	)	PUNCT
ajfa-11193	100	8	investigated	investigate	VERB
ajfa-11193	100	9	the	the	DET
ajfa-11193	100	10	factors	factor	NOUN
ajfa-11193	100	11	that	that	PRON
ajfa-11193	100	12	influence	influence	VERB
ajfa-11193	100	13	the	the	DET
ajfa-11193	100	14	profitability	profitability	NOUN
ajfa-11193	100	15	of	of	ADP
ajfa-11193	100	16	construction	construction	NOUN
ajfa-11193	100	17	companies	company	NOUN
ajfa-11193	100	18	in	in	ADP
ajfa-11193	100	19	hong	hong	PROPN
ajfa-11193	100	20	kong	kong	PROPN
ajfa-11193	100	21	.	.	PUNCT
ajfa-11193	101	1	the	the	DET
ajfa-11193	101	2	results	result	NOUN
ajfa-11193	101	3	indicated	indicate	VERB
ajfa-11193	101	4	negative	negative	ADJ
ajfa-11193	101	5	relationship	relationship	NOUN
ajfa-11193	101	6	between	between	ADP
ajfa-11193	101	7	the	the	DET
ajfa-11193	101	8	company	company	NOUN
ajfa-11193	101	9	size	size	NOUN
ajfa-11193	101	10	and	and	CCONJ
ajfa-11193	101	11	profit	profit	NOUN
ajfa-11193	101	12	margin	margin	NOUN
ajfa-11193	101	13	.	.	PUNCT
ajfa-11193	102	1	also	also	ADV
ajfa-11193	102	2	,	,	PUNCT
ajfa-11193	102	3	the	the	DET
ajfa-11193	102	4	degree	degree	NOUN
ajfa-11193	102	5	of	of	ADP
ajfa-11193	102	6	sub	sub	ADJ
ajfa-11193	102	7	-	-	ADJ
ajfa-11193	102	8	contracting	contracting	NOUN
ajfa-11193	102	9	and	and	CCONJ
ajfa-11193	102	10	the	the	DET
ajfa-11193	102	11	level	level	NOUN
ajfa-11193	102	12	of	of	ADP
ajfa-11193	102	13	material	material	NOUN
ajfa-11193	102	14	content	content	NOUN
ajfa-11193	102	15	have	have	VERB
ajfa-11193	102	16	significant	significant	ADJ
ajfa-11193	102	17	negative	negative	ADJ
ajfa-11193	102	18	impact	impact	NOUN
ajfa-11193	102	19	on	on	ADP
ajfa-11193	102	20	profitability	profitability	NOUN
ajfa-11193	102	21	.	.	PUNCT
ajfa-11193	103	1	2.3	2.3	NUM
ajfa-11193	103	2	determinants	determinant	NOUN
ajfa-11193	103	3	of	of	ADP
ajfa-11193	103	4	profitability	profitability	NOUN
ajfa-11193	103	5	in	in	ADP
ajfa-11193	103	6	various	various	ADJ
ajfa-11193	103	7	indonesian	indonesian	ADJ
ajfa-11193	103	8	industries	industry	NOUN
ajfa-11193	103	9	empirical	empirical	ADJ
ajfa-11193	103	10	studies	study	NOUN
ajfa-11193	103	11	that	that	PRON
ajfa-11193	103	12	examined	examine	VERB
ajfa-11193	103	13	firms	firm	NOUN
ajfa-11193	103	14	of	of	ADP
ajfa-11193	103	15	various	various	ADJ
ajfa-11193	103	16	industries	industry	NOUN
ajfa-11193	103	17	in	in	ADP
ajfa-11193	103	18	indonesia	indonesia	PROPN
ajfa-11193	103	19	showed	show	VERB
ajfa-11193	103	20	various	various	ADJ
ajfa-11193	103	21	results	result	NOUN
ajfa-11193	103	22	about	about	ADP
ajfa-11193	103	23	factors	factor	NOUN
ajfa-11193	103	24	that	that	PRON
ajfa-11193	103	25	influence	influence	NOUN
ajfa-11193	103	26	firm	firm	NOUN
ajfa-11193	103	27	’s	’s	PART
ajfa-11193	103	28	profitability	profitability	NOUN
ajfa-11193	103	29	.	.	PUNCT
ajfa-11193	104	1	in	in	ADP
ajfa-11193	104	2	the	the	DET
ajfa-11193	104	3	financial	financial	ADJ
ajfa-11193	104	4	industry	industry	NOUN
ajfa-11193	104	5	,	,	PUNCT
ajfa-11193	104	6	martani	martani	NOUN
ajfa-11193	104	7	and	and	CCONJ
ajfa-11193	104	8	munaiseche	munaiseche	NOUN
ajfa-11193	104	9	(	(	PUNCT
ajfa-11193	104	10	2010	2010	NUM
ajfa-11193	104	11	)	)	PUNCT
ajfa-11193	104	12	examined	examine	VERB
ajfa-11193	104	13	the	the	DET
ajfa-11193	104	14	determinants	determinant	NOUN
ajfa-11193	104	15	of	of	ADP
ajfa-11193	104	16	profitability	profitability	NOUN
ajfa-11193	104	17	of	of	ADP
ajfa-11193	104	18	indonesian	indonesian	ADJ
ajfa-11193	104	19	financial	financial	ADJ
ajfa-11193	104	20	companies	company	NOUN
ajfa-11193	104	21	,	,	PUNCT
ajfa-11193	104	22	which	which	PRON
ajfa-11193	104	23	considered	consider	VERB
ajfa-11193	104	24	both	both	CCONJ
ajfa-11193	104	25	internal	internal	ADJ
ajfa-11193	104	26	and	and	CCONJ
ajfa-11193	104	27	external	external	ADJ
ajfa-11193	104	28	factors	factor	NOUN
ajfa-11193	104	29	.	.	PUNCT
ajfa-11193	105	1	the	the	DET
ajfa-11193	105	2	study	study	NOUN
ajfa-11193	105	3	showed	show	VERB
ajfa-11193	105	4	that	that	SCONJ
ajfa-11193	105	5	operation	operation	NOUN
ajfa-11193	105	6	expense	expense	NOUN
ajfa-11193	105	7	,	,	PUNCT
ajfa-11193	105	8	company	company	NOUN
ajfa-11193	105	9	size	size	NOUN
ajfa-11193	105	10	and	and	CCONJ
ajfa-11193	105	11	inflation	inflation	NOUN
ajfa-11193	105	12	have	have	VERB
ajfa-11193	105	13	negative	negative	ADJ
ajfa-11193	105	14	effects	effect	NOUN
ajfa-11193	105	15	on	on	ADP
ajfa-11193	105	16	profitability	profitability	NOUN
ajfa-11193	105	17	,	,	PUNCT
ajfa-11193	105	18	while	while	SCONJ
ajfa-11193	105	19	credit	credit	NOUN
ajfa-11193	105	20	risk	risk	NOUN
ajfa-11193	105	21	has	have	VERB
ajfa-11193	105	22	positive	positive	ADJ
ajfa-11193	105	23	effect	effect	NOUN
ajfa-11193	105	24	.	.	PUNCT
ajfa-11193	106	1	another	another	DET
ajfa-11193	106	2	study	study	NOUN
ajfa-11193	106	3	of	of	ADP
ajfa-11193	106	4	maberya	maberya	NOUN
ajfa-11193	106	5	and	and	CCONJ
ajfa-11193	106	6	suaryana	suaryana	NOUN
ajfa-11193	106	7	(	(	PUNCT
ajfa-11193	106	8	2009	2009	NUM
ajfa-11193	106	9	)	)	PUNCT
ajfa-11193	106	10	investigated	investigate	VERB
ajfa-11193	106	11	publicly	publicly	ADV
ajfa-11193	106	12	-	-	PUNCT
ajfa-11193	106	13	listed	list	VERB
ajfa-11193	106	14	banks	bank	NOUN
ajfa-11193	106	15	about	about	ADP
ajfa-11193	106	16	the	the	DET
ajfa-11193	106	17	effects	effect	NOUN
ajfa-11193	106	18	of	of	ADP
ajfa-11193	106	19	company	company	NOUN
ajfa-11193	106	20	size	size	NOUN
ajfa-11193	106	21	,	,	PUNCT
ajfa-11193	106	22	and	and	CCONJ
ajfa-11193	106	23	debt	debt	NOUN
ajfa-11193	106	24	to	to	ADP
ajfa-11193	106	25	equity	equity	NOUN
ajfa-11193	106	26	ratio	ratio	NOUN
ajfa-11193	106	27	on	on	ADP
ajfa-11193	106	28	profitability	profitability	NOUN
ajfa-11193	106	29	,	,	PUNCT
ajfa-11193	106	30	and	and	CCONJ
ajfa-11193	106	31	included	include	VERB
ajfa-11193	106	32	the	the	DET
ajfa-11193	106	33	moderating	moderate	VERB
ajfa-11193	106	34	variable	variable	NOUN
ajfa-11193	106	35	,	,	PUNCT
ajfa-11193	106	36	earnings	earning	NOUN
ajfa-11193	106	37	growth	growth	NOUN
ajfa-11193	106	38	.	.	PUNCT
ajfa-11193	107	1	results	result	NOUN
ajfa-11193	107	2	showed	show	VERB
ajfa-11193	107	3	that	that	SCONJ
ajfa-11193	107	4	with	with	ADP
ajfa-11193	107	5	the	the	DET
ajfa-11193	107	6	moderating	moderate	VERB
ajfa-11193	107	7	variable	variable	NOUN
ajfa-11193	107	8	,	,	PUNCT
ajfa-11193	107	9	company	company	NOUN
ajfa-11193	107	10	size	size	NOUN
ajfa-11193	107	11	did	do	AUX
ajfa-11193	107	12	not	not	PART
ajfa-11193	107	13	influence	influence	VERB
ajfa-11193	107	14	the	the	DET
ajfa-11193	107	15	profitability	profitability	NOUN
ajfa-11193	107	16	,	,	PUNCT
ajfa-11193	107	17	while	while	SCONJ
ajfa-11193	107	18	debt	debt	NOUN
ajfa-11193	107	19	to	to	ADP
ajfa-11193	107	20	equity	equity	NOUN
ajfa-11193	107	21	ratio	ratio	NOUN
ajfa-11193	107	22	negatively	negatively	ADV
ajfa-11193	107	23	affected	affect	VERB
ajfa-11193	107	24	profitability	profitability	NOUN
ajfa-11193	107	25	.	.	PUNCT
ajfa-11193	108	1	however	however	ADV
ajfa-11193	108	2	,	,	PUNCT
ajfa-11193	108	3	kusumajaya	kusumajaya	PROPN
ajfa-11193	108	4	(	(	PUNCT
ajfa-11193	108	5	2011	2011	NUM
ajfa-11193	108	6	)	)	PUNCT
ajfa-11193	108	7	examined	examine	VERB
ajfa-11193	108	8	manufacturing	manufacturing	NOUN
ajfa-11193	108	9	companies	company	NOUN
ajfa-11193	108	10	,	,	PUNCT
ajfa-11193	108	11	and	and	CCONJ
ajfa-11193	108	12	showed	show	VERB
ajfa-11193	108	13	that	that	SCONJ
ajfa-11193	108	14	capital	capital	NOUN
ajfa-11193	108	15	structure	structure	NOUN
ajfa-11193	108	16	,	,	PUNCT
ajfa-11193	108	17	which	which	PRON
ajfa-11193	108	18	was	be	AUX
ajfa-11193	108	19	represented	represent	VERB
ajfa-11193	108	20	by	by	ADP
ajfa-11193	108	21	debt	debt	NOUN
ajfa-11193	108	22	equity	equity	NOUN
ajfa-11193	108	23	ratio	ratio	NOUN
ajfa-11193	108	24	,	,	PUNCT
ajfa-11193	108	25	positively	positively	ADV
ajfa-11193	108	26	affected	affect	VERB
ajfa-11193	108	27	profitability	profitability	NOUN
ajfa-11193	108	28	and	and	CCONJ
ajfa-11193	108	29	corporate	corporate	ADJ
ajfa-11193	108	30	value	value	NOUN
ajfa-11193	108	31	.	.	PUNCT
ajfa-11193	109	1	the	the	DET
ajfa-11193	109	2	other	other	ADJ
ajfa-11193	109	3	empirical	empirical	ADJ
ajfa-11193	109	4	study	study	NOUN
ajfa-11193	109	5	on	on	ADP
ajfa-11193	109	6	the	the	DET
ajfa-11193	109	7	manufacturing	manufacturing	NOUN
ajfa-11193	109	8	industry	industry	NOUN
ajfa-11193	109	9	was	be	AUX
ajfa-11193	109	10	provided	provide	VERB
ajfa-11193	109	11	by	by	ADP
ajfa-11193	109	12	ismiati	ismiati	PROPN
ajfa-11193	109	13	et	et	PROPN
ajfa-11193	109	14	al	al	PROPN
ajfa-11193	109	15	.	.	PROPN
ajfa-11193	110	1	(	(	PUNCT
ajfa-11193	110	2	2013	2013	NUM
ajfa-11193	110	3	)	)	PUNCT
ajfa-11193	110	4	,	,	PUNCT
ajfa-11193	110	5	which	which	PRON
ajfa-11193	110	6	showed	show	VERB
ajfa-11193	110	7	a	a	DET
ajfa-11193	110	8	negative	negative	ADJ
ajfa-11193	110	9	relationship	relationship	NOUN
ajfa-11193	110	10	between	between	ADP
ajfa-11193	110	11	working	work	VERB
ajfa-11193	110	12	capital	capital	NOUN
ajfa-11193	110	13	turnover	turnover	NOUN
ajfa-11193	110	14	and	and	CCONJ
ajfa-11193	110	15	profitability	profitability	NOUN
ajfa-11193	110	16	of	of	ADP
ajfa-11193	110	17	indonesian	indonesian	ADJ
ajfa-11193	110	18	manufacturing	manufacturing	NOUN
ajfa-11193	110	19	companies	company	NOUN
ajfa-11193	110	20	.	.	PUNCT
ajfa-11193	111	1	in	in	ADP
ajfa-11193	111	2	other	other	ADJ
ajfa-11193	111	3	types	type	NOUN
ajfa-11193	111	4	of	of	ADP
ajfa-11193	111	5	businesses	business	NOUN
ajfa-11193	111	6	,	,	PUNCT
ajfa-11193	111	7	margaretha	margaretha	ADJ
ajfa-11193	111	8	and	and	CCONJ
ajfa-11193	111	9	supartika	supartika	PROPN
ajfa-11193	111	10	(	(	PUNCT
ajfa-11193	111	11	2015	2015	NUM
ajfa-11193	111	12	)	)	PUNCT
ajfa-11193	111	13	conducted	conduct	VERB
ajfa-11193	111	14	research	research	NOUN
ajfa-11193	111	15	on	on	ADP
ajfa-11193	111	16	the	the	DET
ajfa-11193	111	17	profitability	profitability	NOUN
ajfa-11193	111	18	of	of	ADP
ajfa-11193	111	19	small	small	ADJ
ajfa-11193	111	20	to	to	PART
ajfa-11193	111	21	medium	medium	ADJ
ajfa-11193	111	22	enterprises	enterprise	NOUN
ajfa-11193	111	23	(	(	PUNCT
ajfa-11193	111	24	smes	sme	NOUN
ajfa-11193	111	25	)	)	PUNCT
ajfa-11193	111	26	and	and	CCONJ
ajfa-11193	111	27	found	find	VERB
ajfa-11193	111	28	that	that	DET
ajfa-11193	111	29	firm	firm	ADJ
ajfa-11193	111	30	size	size	NOUN
ajfa-11193	111	31	,	,	PUNCT
ajfa-11193	111	32	growth	growth	NOUN
ajfa-11193	111	33	opportunities	opportunity	NOUN
ajfa-11193	111	34	,	,	PUNCT
ajfa-11193	111	35	and	and	CCONJ
ajfa-11193	111	36	lagged	lag	VERB
ajfa-11193	111	37	profitability	profitability	NOUN
ajfa-11193	111	38	have	have	VERB
ajfa-11193	111	39	negative	negative	ADJ
ajfa-11193	111	40	effects	effect	NOUN
ajfa-11193	111	41	on	on	ADP
ajfa-11193	111	42	profitability	profitability	NOUN
ajfa-11193	111	43	,	,	PUNCT
ajfa-11193	111	44	while	while	SCONJ
ajfa-11193	111	45	firm	firm	ADJ
ajfa-11193	111	46	productivity	productivity	NOUN
ajfa-11193	111	47	and	and	CCONJ
ajfa-11193	111	48	industry	industry	NOUN
ajfa-11193	111	49	affiliations	affiliation	NOUN
ajfa-11193	111	50	have	have	VERB
ajfa-11193	111	51	positive	positive	ADJ
ajfa-11193	111	52	impacts	impact	NOUN
ajfa-11193	111	53	on	on	ADP
ajfa-11193	111	54	profitability	profitability	NOUN
ajfa-11193	111	55	.	.	PUNCT
ajfa-11193	112	1	studies	study	NOUN
ajfa-11193	112	2	on	on	ADP
ajfa-11193	112	3	property	property	NOUN
ajfa-11193	112	4	and	and	CCONJ
ajfa-11193	112	5	real	real	ADJ
ajfa-11193	112	6	estate	estate	NOUN
ajfa-11193	112	7	industry	industry	NOUN
ajfa-11193	112	8	in	in	ADP
ajfa-11193	112	9	indonesia	indonesia	PROPN
ajfa-11193	112	10	are	be	AUX
ajfa-11193	112	11	also	also	ADV
ajfa-11193	112	12	present	present	ADJ
ajfa-11193	112	13	.	.	PUNCT
ajfa-11193	113	1	for	for	ADP
ajfa-11193	113	2	example	example	NOUN
ajfa-11193	113	3	,	,	PUNCT
ajfa-11193	113	4	azlina	azlina	PROPN
ajfa-11193	113	5	asian	asian	PROPN
ajfa-11193	113	6	journal	journal	PROPN
ajfa-11193	113	7	of	of	ADP
ajfa-11193	113	8	finance	finance	PROPN
ajfa-11193	113	9	&	&	CCONJ
ajfa-11193	113	10	accounting	accounting	PROPN
ajfa-11193	113	11	issn	issn	PROPN
ajfa-11193	113	12	1946	1946	NUM
ajfa-11193	113	13	-	-	PUNCT
ajfa-11193	113	14	052x	052x	PROPN
ajfa-11193	113	15	2017	2017	NUM
ajfa-11193	113	16	,	,	PUNCT
ajfa-11193	113	17	vol	vol	NOUN
ajfa-11193	113	18	.	.	NOUN
ajfa-11193	114	1	9	9	NUM
ajfa-11193	114	2	,	,	PUNCT
ajfa-11193	114	3	no	no	INTJ
ajfa-11193	114	4	.	.	NOUN
ajfa-11193	114	5	1	1	NUM
ajfa-11193	114	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	114	7	403	403	NUM
ajfa-11193	114	8	(	(	PUNCT
ajfa-11193	114	9	2009	2009	NUM
ajfa-11193	114	10	)	)	PUNCT
ajfa-11193	114	11	revealed	reveal	VERB
ajfa-11193	114	12	that	that	SCONJ
ajfa-11193	114	13	working	work	VERB
ajfa-11193	114	14	capital	capital	NOUN
ajfa-11193	114	15	turnover	turnover	NOUN
ajfa-11193	114	16	and	and	CCONJ
ajfa-11193	114	17	debt	debt	NOUN
ajfa-11193	114	18	to	to	ADP
ajfa-11193	114	19	equity	equity	NOUN
ajfa-11193	114	20	ratio	ratio	NOUN
ajfa-11193	114	21	positively	positively	ADV
ajfa-11193	114	22	influenced	influence	VERB
ajfa-11193	114	23	the	the	DET
ajfa-11193	114	24	profitability	profitability	NOUN
ajfa-11193	114	25	of	of	ADP
ajfa-11193	114	26	real	real	ADJ
ajfa-11193	114	27	estate	estate	NOUN
ajfa-11193	114	28	companies	company	NOUN
ajfa-11193	114	29	.	.	PUNCT
ajfa-11193	115	1	also	also	ADV
ajfa-11193	115	2	,	,	PUNCT
ajfa-11193	115	3	apriliyani	apriliyani	PROPN
ajfa-11193	115	4	(	(	PUNCT
ajfa-11193	115	5	2011	2011	NUM
ajfa-11193	115	6	)	)	PUNCT
ajfa-11193	115	7	showed	show	VERB
ajfa-11193	115	8	a	a	DET
ajfa-11193	115	9	decreased	decrease	VERB
ajfa-11193	115	10	condition	condition	NOUN
ajfa-11193	115	11	for	for	ADP
ajfa-11193	115	12	profitability	profitability	NOUN
ajfa-11193	115	13	in	in	ADP
ajfa-11193	115	14	relation	relation	NOUN
ajfa-11193	115	15	to	to	ADP
ajfa-11193	115	16	asset	asset	NOUN
ajfa-11193	115	17	structure	structure	NOUN
ajfa-11193	115	18	,	,	PUNCT
ajfa-11193	115	19	and	and	CCONJ
ajfa-11193	115	20	the	the	DET
ajfa-11193	115	21	size	size	NOUN
ajfa-11193	115	22	of	of	ADP
ajfa-11193	115	23	the	the	DET
ajfa-11193	115	24	company	company	NOUN
ajfa-11193	115	25	in	in	ADP
ajfa-11193	115	26	2004	2004	NUM
ajfa-11193	115	27	and	and	CCONJ
ajfa-11193	115	28	2008	2008	NUM
ajfa-11193	115	29	because	because	SCONJ
ajfa-11193	115	30	of	of	ADP
ajfa-11193	115	31	the	the	DET
ajfa-11193	115	32	financial	financial	ADJ
ajfa-11193	115	33	crisis	crisis	NOUN
ajfa-11193	115	34	.	.	PUNCT
ajfa-11193	116	1	moreover	moreover	ADV
ajfa-11193	116	2	,	,	PUNCT
ajfa-11193	116	3	profitability	profitability	NOUN
ajfa-11193	116	4	,	,	PUNCT
ajfa-11193	116	5	asset	asset	NOUN
ajfa-11193	116	6	structure	structure	NOUN
ajfa-11193	116	7	,	,	PUNCT
ajfa-11193	116	8	and	and	CCONJ
ajfa-11193	116	9	company	company	NOUN
ajfa-11193	116	10	size	size	VERB
ajfa-11193	116	11	positive	positive	ADJ
ajfa-11193	116	12	significantly	significantly	ADV
ajfa-11193	116	13	influence	influence	VERB
ajfa-11193	116	14	the	the	DET
ajfa-11193	116	15	capital	capital	NOUN
ajfa-11193	116	16	structure	structure	NOUN
ajfa-11193	116	17	.	.	PUNCT
ajfa-11193	117	1	limbago	limbago	PROPN
ajfa-11193	117	2	and	and	CCONJ
ajfa-11193	117	3	juniarti	juniarti	PROPN
ajfa-11193	117	4	(	(	PUNCT
ajfa-11193	117	5	2014	2014	NUM
ajfa-11193	117	6	)	)	PUNCT
ajfa-11193	117	7	showed	show	VERB
ajfa-11193	117	8	that	that	DET
ajfa-11193	117	9	size	size	NOUN
ajfa-11193	117	10	,	,	PUNCT
ajfa-11193	117	11	sales	sale	NOUN
ajfa-11193	117	12	growth	growth	NOUN
ajfa-11193	117	13	and	and	CCONJ
ajfa-11193	117	14	proxy	proxy	ADJ
ajfa-11193	117	15	variable	variable	NOUN
ajfa-11193	117	16	for	for	ADP
ajfa-11193	117	17	family	family	NOUN
ajfa-11193	117	18	control	control	NOUN
ajfa-11193	117	19	have	have	VERB
ajfa-11193	117	20	positive	positive	ADJ
ajfa-11193	117	21	significant	significant	ADJ
ajfa-11193	117	22	effects	effect	NOUN
ajfa-11193	117	23	on	on	ADP
ajfa-11193	117	24	profitability	profitability	NOUN
ajfa-11193	117	25	,	,	PUNCT
ajfa-11193	117	26	but	but	CCONJ
ajfa-11193	117	27	not	not	PART
ajfa-11193	117	28	on	on	ADP
ajfa-11193	117	29	the	the	DET
ajfa-11193	117	30	firm	firm	NOUN
ajfa-11193	117	31	’s	’s	PART
ajfa-11193	117	32	value	value	NOUN
ajfa-11193	117	33	of	of	ADP
ajfa-11193	117	34	family	family	NOUN
ajfa-11193	117	35	-	-	PUNCT
ajfa-11193	117	36	controlled	control	VERB
ajfa-11193	117	37	companies	company	NOUN
ajfa-11193	117	38	.	.	PUNCT
ajfa-11193	118	1	on	on	ADP
ajfa-11193	118	2	the	the	DET
ajfa-11193	118	3	other	other	ADJ
ajfa-11193	118	4	hand	hand	NOUN
ajfa-11193	118	5	,	,	PUNCT
ajfa-11193	118	6	leverage	leverage	NOUN
ajfa-11193	118	7	had	have	VERB
ajfa-11193	118	8	no	no	DET
ajfa-11193	118	9	effect	effect	NOUN
ajfa-11193	118	10	on	on	ADP
ajfa-11193	118	11	profitability	profitability	NOUN
ajfa-11193	118	12	,	,	PUNCT
ajfa-11193	118	13	but	but	CCONJ
ajfa-11193	118	14	had	have	VERB
ajfa-11193	118	15	significant	significant	ADJ
ajfa-11193	118	16	positive	positive	ADJ
ajfa-11193	118	17	effect	effect	NOUN
ajfa-11193	118	18	on	on	ADP
ajfa-11193	118	19	the	the	DET
ajfa-11193	118	20	firm	firm	NOUN
ajfa-11193	118	21	’s	’s	PART
ajfa-11193	118	22	value	value	NOUN
ajfa-11193	118	23	.	.	PUNCT
ajfa-11193	119	1	karina	karina	PROPN
ajfa-11193	119	2	and	and	CCONJ
ajfa-11193	119	3	khafid	khafid	PROPN
ajfa-11193	119	4	(	(	PUNCT
ajfa-11193	119	5	2015	2015	NUM
ajfa-11193	119	6	)	)	PUNCT
ajfa-11193	119	7	showed	show	VERB
ajfa-11193	119	8	that	that	SCONJ
ajfa-11193	119	9	the	the	DET
ajfa-11193	119	10	size	size	NOUN
ajfa-11193	119	11	of	of	ADP
ajfa-11193	119	12	real	real	ADJ
ajfa-11193	119	13	estate	estate	NOUN
ajfa-11193	119	14	companies	company	NOUN
ajfa-11193	119	15	and	and	CCONJ
ajfa-11193	119	16	receivable	receivable	ADJ
ajfa-11193	119	17	turnover	turnover	NOUN
ajfa-11193	119	18	ratio	ratio	NOUN
ajfa-11193	119	19	has	have	VERB
ajfa-11193	119	20	positive	positive	ADJ
ajfa-11193	119	21	relationship	relationship	NOUN
ajfa-11193	119	22	.	.	PUNCT
ajfa-11193	120	1	another	another	DET
ajfa-11193	120	2	study	study	NOUN
ajfa-11193	120	3	of	of	ADP
ajfa-11193	120	4	mayasari	mayasari	NOUN
ajfa-11193	120	5	(	(	PUNCT
ajfa-11193	120	6	2012	2012	NUM
ajfa-11193	120	7	)	)	PUNCT
ajfa-11193	120	8	found	find	VERB
ajfa-11193	120	9	that	that	PRON
ajfa-11193	120	10	has	have	VERB
ajfa-11193	120	11	negative	negative	ADJ
ajfa-11193	120	12	significant	significant	ADJ
ajfa-11193	120	13	relationship	relationship	NOUN
ajfa-11193	120	14	with	with	ADP
ajfa-11193	120	15	profitability	profitability	NOUN
ajfa-11193	120	16	.	.	PUNCT
ajfa-11193	121	1	however	however	ADV
ajfa-11193	121	2	,	,	PUNCT
ajfa-11193	121	3	leverage	leverage	NOUN
ajfa-11193	121	4	and	and	CCONJ
ajfa-11193	121	5	liquidity	liquidity	NOUN
ajfa-11193	121	6	have	have	VERB
ajfa-11193	121	7	positive	positive	ADJ
ajfa-11193	121	8	significant	significant	ADJ
ajfa-11193	121	9	effects	effect	NOUN
ajfa-11193	121	10	.	.	PUNCT
ajfa-11193	122	1	3	3	X
ajfa-11193	122	2	.	.	X
ajfa-11193	122	3	variable	variable	ADJ
ajfa-11193	122	4	description	description	NOUN
ajfa-11193	122	5	and	and	CCONJ
ajfa-11193	122	6	hypotheses	hypothesis	NOUN
ajfa-11193	122	7	from	from	ADP
ajfa-11193	122	8	the	the	DET
ajfa-11193	122	9	various	various	ADJ
ajfa-11193	122	10	empirical	empirical	ADJ
ajfa-11193	122	11	studies	study	NOUN
ajfa-11193	122	12	investigating	investigate	VERB
ajfa-11193	122	13	factors	factor	NOUN
ajfa-11193	122	14	influencing	influence	VERB
ajfa-11193	122	15	profitability	profitability	NOUN
ajfa-11193	122	16	of	of	ADP
ajfa-11193	122	17	several	several	ADJ
ajfa-11193	122	18	industries	industry	NOUN
ajfa-11193	122	19	,	,	PUNCT
ajfa-11193	122	20	this	this	DET
ajfa-11193	122	21	research	research	NOUN
ajfa-11193	122	22	considers	consider	VERB
ajfa-11193	122	23	eight	eight	NUM
ajfa-11193	122	24	factors	factor	NOUN
ajfa-11193	122	25	that	that	PRON
ajfa-11193	122	26	may	may	AUX
ajfa-11193	122	27	influence	influence	VERB
ajfa-11193	122	28	profitability	profitability	NOUN
ajfa-11193	122	29	of	of	ADP
ajfa-11193	122	30	indonesian	indonesian	ADJ
ajfa-11193	122	31	real	real	ADJ
ajfa-11193	122	32	estate	estate	NOUN
ajfa-11193	122	33	companies	company	NOUN
ajfa-11193	122	34	.	.	PUNCT
ajfa-11193	123	1	the	the	DET
ajfa-11193	123	2	definitions	definition	NOUN
ajfa-11193	123	3	and	and	CCONJ
ajfa-11193	123	4	hypotheses	hypothesis	NOUN
ajfa-11193	123	5	of	of	ADP
ajfa-11193	123	6	each	each	DET
ajfa-11193	123	7	variable	variable	NOUN
ajfa-11193	123	8	are	be	AUX
ajfa-11193	123	9	discussed	discuss	VERB
ajfa-11193	123	10	below	below	ADV
ajfa-11193	123	11	,	,	PUNCT
ajfa-11193	123	12	while	while	SCONJ
ajfa-11193	123	13	formulas	formula	NOUN
ajfa-11193	123	14	,	,	PUNCT
ajfa-11193	123	15	and	and	CCONJ
ajfa-11193	123	16	expected	expect	VERB
ajfa-11193	123	17	relationship	relationship	NOUN
ajfa-11193	123	18	are	be	AUX
ajfa-11193	123	19	summarized	summarize	VERB
ajfa-11193	123	20	in	in	ADP
ajfa-11193	123	21	table	table	NOUN
ajfa-11193	123	22	1	1	NUM
ajfa-11193	123	23	.	.	PUNCT
ajfa-11193	123	24	a	a	X
ajfa-11193	123	25	)	)	PUNCT
ajfa-11193	123	26	return	return	NOUN
ajfa-11193	123	27	on	on	ADP
ajfa-11193	123	28	asset	asset	NOUN
ajfa-11193	123	29	(	(	PUNCT
ajfa-11193	123	30	roa	roa	PROPN
ajfa-11193	123	31	)	)	PUNCT
ajfa-11193	123	32	roa	roa	PROPN
ajfa-11193	123	33	is	be	AUX
ajfa-11193	123	34	a	a	DET
ajfa-11193	123	35	measure	measure	NOUN
ajfa-11193	123	36	of	of	ADP
ajfa-11193	123	37	profitability	profitability	NOUN
ajfa-11193	123	38	per	per	ADP
ajfa-11193	123	39	unit	unit	NOUN
ajfa-11193	123	40	of	of	ADP
ajfa-11193	123	41	assets	asset	NOUN
ajfa-11193	123	42	(	(	PUNCT
ajfa-11193	123	43	net	net	ADJ
ajfa-11193	123	44	income	income	NOUN
ajfa-11193	123	45	/	/	SYM
ajfa-11193	123	46	total	total	ADJ
ajfa-11193	123	47	assets	asset	NOUN
ajfa-11193	123	48	)	)	PUNCT
ajfa-11193	123	49	.	.	PUNCT
ajfa-11193	124	1	it	it	PRON
ajfa-11193	124	2	reflects	reflect	VERB
ajfa-11193	124	3	financial	financial	ADJ
ajfa-11193	124	4	performance	performance	NOUN
ajfa-11193	124	5	of	of	ADP
ajfa-11193	124	6	a	a	DET
ajfa-11193	124	7	firm	firm	NOUN
ajfa-11193	124	8	by	by	ADP
ajfa-11193	124	9	measuring	measure	VERB
ajfa-11193	124	10	how	how	SCONJ
ajfa-11193	124	11	efficiently	efficiently	ADV
ajfa-11193	124	12	a	a	DET
ajfa-11193	124	13	firm	firm	NOUN
ajfa-11193	124	14	creates	create	VERB
ajfa-11193	124	15	profits	profit	NOUN
ajfa-11193	124	16	using	use	VERB
ajfa-11193	124	17	its	its	PRON
ajfa-11193	124	18	assets	asset	NOUN
ajfa-11193	124	19	during	during	ADP
ajfa-11193	124	20	a	a	DET
ajfa-11193	124	21	year	year	NOUN
ajfa-11193	124	22	.	.	PUNCT
ajfa-11193	125	1	it	it	PRON
ajfa-11193	125	2	shows	show	VERB
ajfa-11193	125	3	the	the	DET
ajfa-11193	125	4	ability	ability	NOUN
ajfa-11193	125	5	of	of	ADP
ajfa-11193	125	6	the	the	DET
ajfa-11193	125	7	firm	firm	NOUN
ajfa-11193	125	8	's	's	PART
ajfa-11193	125	9	management	management	NOUN
ajfa-11193	125	10	to	to	PART
ajfa-11193	125	11	produce	produce	VERB
ajfa-11193	125	12	profit	profit	NOUN
ajfa-11193	125	13	from	from	ADP
ajfa-11193	125	14	the	the	DET
ajfa-11193	125	15	company	company	NOUN
ajfa-11193	125	16	's	's	PART
ajfa-11193	125	17	assets	asset	NOUN
ajfa-11193	125	18	(	(	PUNCT
ajfa-11193	125	19	aissa	aissa	ADJ
ajfa-11193	125	20	and	and	CCONJ
ajfa-11193	125	21	goaied	goaie	VERB
ajfa-11193	125	22	,	,	PUNCT
ajfa-11193	125	23	2016	2016	NUM
ajfa-11193	125	24	)	)	PUNCT
ajfa-11193	125	25	.	.	PUNCT
ajfa-11193	126	1	in	in	ADP
ajfa-11193	126	2	the	the	DET
ajfa-11193	126	3	previous	previous	ADJ
ajfa-11193	126	4	studies	study	NOUN
ajfa-11193	126	5	,	,	PUNCT
ajfa-11193	126	6	garcia	garcia	PROPN
ajfa-11193	126	7	-	-	PUNCT
ajfa-11193	126	8	teruel	teruel	PROPN
ajfa-11193	126	9	and	and	CCONJ
ajfa-11193	126	10	martinez	martinez	PROPN
ajfa-11193	126	11	-	-	PUNCT
ajfa-11193	126	12	solano	solano	PROPN
ajfa-11193	126	13	(	(	PUNCT
ajfa-11193	126	14	2007	2007	NUM
ajfa-11193	126	15	)	)	PUNCT
ajfa-11193	126	16	,	,	PUNCT
ajfa-11193	126	17	zubairi	zubairi	NOUN
ajfa-11193	126	18	(	(	PUNCT
ajfa-11193	126	19	2010	2010	NUM
ajfa-11193	126	20	)	)	PUNCT
ajfa-11193	126	21	,	,	PUNCT
ajfa-11193	126	22	and	and	CCONJ
ajfa-11193	126	23	enqvist	enqvist	NOUN
ajfa-11193	126	24	et	et	PROPN
ajfa-11193	126	25	al	al	PROPN
ajfa-11193	126	26	.	.	PROPN
ajfa-11193	126	27	(	(	PUNCT
ajfa-11193	126	28	2014	2014	NUM
ajfa-11193	126	29	)	)	PUNCT
ajfa-11193	126	30	used	use	VERB
ajfa-11193	126	31	roa	roa	NOUN
ajfa-11193	126	32	as	as	ADP
ajfa-11193	126	33	a	a	DET
ajfa-11193	126	34	proxy	proxy	NOUN
ajfa-11193	126	35	for	for	ADP
ajfa-11193	126	36	company	company	NOUN
ajfa-11193	126	37	profitability	profitability	NOUN
ajfa-11193	126	38	.	.	PUNCT
ajfa-11193	127	1	since	since	SCONJ
ajfa-11193	127	2	roa	roa	PROPN
ajfa-11193	127	3	gauge	gauge	NOUN
ajfa-11193	127	4	in	in	ADP
ajfa-11193	127	5	total	total	ADJ
ajfa-11193	127	6	assets	asset	NOUN
ajfa-11193	127	7	,	,	PUNCT
ajfa-11193	127	8	which	which	PRON
ajfa-11193	127	9	includes	include	VERB
ajfa-11193	127	10	the	the	DET
ajfa-11193	127	11	operating	operate	VERB
ajfa-11193	127	12	assets	asset	NOUN
ajfa-11193	127	13	,	,	PUNCT
ajfa-11193	127	14	it	it	PRON
ajfa-11193	127	15	can	can	AUX
ajfa-11193	127	16	be	be	AUX
ajfa-11193	127	17	used	use	VERB
ajfa-11193	127	18	to	to	PART
ajfa-11193	127	19	measure	measure	VERB
ajfa-11193	127	20	the	the	DET
ajfa-11193	127	21	overall	overall	ADJ
ajfa-11193	127	22	profitability	profitability	NOUN
ajfa-11193	127	23	of	of	ADP
ajfa-11193	127	24	a	a	DET
ajfa-11193	127	25	company	company	NOUN
ajfa-11193	127	26	.	.	PUNCT
ajfa-11193	128	1	for	for	ADP
ajfa-11193	128	2	the	the	DET
ajfa-11193	128	3	purposes	purpose	NOUN
ajfa-11193	128	4	of	of	ADP
ajfa-11193	128	5	this	this	DET
ajfa-11193	128	6	research	research	NOUN
ajfa-11193	128	7	,	,	PUNCT
ajfa-11193	128	8	roa	roa	PROPN
ajfa-11193	128	9	will	will	AUX
ajfa-11193	128	10	be	be	AUX
ajfa-11193	128	11	designated	designate	VERB
ajfa-11193	128	12	as	as	ADP
ajfa-11193	128	13	the	the	DET
ajfa-11193	128	14	dependent	dependent	ADJ
ajfa-11193	128	15	variable	variable	NOUN
ajfa-11193	128	16	,	,	PUNCT
ajfa-11193	128	17	and	and	CCONJ
ajfa-11193	128	18	will	will	AUX
ajfa-11193	128	19	have	have	VERB
ajfa-11193	128	20	the	the	DET
ajfa-11193	128	21	following	following	NOUN
ajfa-11193	128	22	as	as	ADP
ajfa-11193	128	23	the	the	DET
ajfa-11193	128	24	eight	eight	NUM
ajfa-11193	128	25	independent	independent	ADJ
ajfa-11193	128	26	variables	variable	NOUN
ajfa-11193	128	27	:	:	PUNCT
ajfa-11193	128	28	b	b	X
ajfa-11193	128	29	)	)	PUNCT
ajfa-11193	128	30	cash	cash	NOUN
ajfa-11193	128	31	conversion	conversion	NOUN
ajfa-11193	128	32	cycle	cycle	NOUN
ajfa-11193	128	33	(	(	PUNCT
ajfa-11193	128	34	ccc	ccc	PROPN
ajfa-11193	128	35	)	)	PUNCT
ajfa-11193	128	36	ccc	ccc	PROPN
ajfa-11193	128	37	is	be	AUX
ajfa-11193	128	38	a	a	DET
ajfa-11193	128	39	measure	measure	NOUN
ajfa-11193	128	40	of	of	ADP
ajfa-11193	128	41	ongoing	ongoing	ADJ
ajfa-11193	128	42	liquidity	liquidity	NOUN
ajfa-11193	128	43	,	,	PUNCT
ajfa-11193	128	44	as	as	SCONJ
ajfa-11193	128	45	introduced	introduce	VERB
ajfa-11193	128	46	by	by	ADP
ajfa-11193	128	47	gitman	gitman	PROPN
ajfa-11193	128	48	(	(	PUNCT
ajfa-11193	128	49	1974	1974	NUM
ajfa-11193	128	50	)	)	PUNCT
ajfa-11193	128	51	.	.	PUNCT
ajfa-11193	129	1	it	it	PRON
ajfa-11193	129	2	quantifies	quantify	VERB
ajfa-11193	129	3	the	the	DET
ajfa-11193	129	4	days	day	NOUN
ajfa-11193	129	5	between	between	ADP
ajfa-11193	129	6	the	the	DET
ajfa-11193	129	7	expenditure	expenditure	NOUN
ajfa-11193	129	8	of	of	ADP
ajfa-11193	129	9	raw	raw	ADJ
ajfa-11193	129	10	material	material	NOUN
ajfa-11193	129	11	procurement	procurement	NOUN
ajfa-11193	129	12	and	and	CCONJ
ajfa-11193	129	13	the	the	DET
ajfa-11193	129	14	collection	collection	NOUN
ajfa-11193	129	15	of	of	ADP
ajfa-11193	129	16	finished	finish	VERB
ajfa-11193	129	17	goods	good	NOUN
ajfa-11193	129	18	’	'	PUNCT
ajfa-11193	129	19	sales	sale	NOUN
ajfa-11193	129	20	.	.	PUNCT
ajfa-11193	130	1	enqvist	enqvist	NOUN
ajfa-11193	130	2	et	et	PROPN
ajfa-11193	130	3	al	al	PROPN
ajfa-11193	130	4	.	.	PROPN
ajfa-11193	131	1	(	(	PUNCT
ajfa-11193	131	2	2014	2014	NUM
ajfa-11193	131	3	)	)	PUNCT
ajfa-11193	131	4	explained	explain	VERB
ajfa-11193	131	5	that	that	SCONJ
ajfa-11193	131	6	the	the	DET
ajfa-11193	131	7	shorter	short	ADJ
ajfa-11193	131	8	time	time	NOUN
ajfa-11193	131	9	of	of	ADP
ajfa-11193	131	10	ccc	ccc	PROPN
ajfa-11193	131	11	,	,	PUNCT
ajfa-11193	131	12	the	the	PRON
ajfa-11193	131	13	higher	high	ADJ
ajfa-11193	131	14	the	the	DET
ajfa-11193	131	15	profitability	profitability	NOUN
ajfa-11193	131	16	,	,	PUNCT
ajfa-11193	131	17	since	since	SCONJ
ajfa-11193	131	18	short	short	ADJ
ajfa-11193	131	19	ccc	ccc	PROPN
ajfa-11193	131	20	indicates	indicate	VERB
ajfa-11193	131	21	quick	quick	ADJ
ajfa-11193	131	22	collection	collection	NOUN
ajfa-11193	131	23	of	of	ADP
ajfa-11193	131	24	receivables	receivables	NOUN
ajfa-11193	131	25	and	and	CCONJ
ajfa-11193	131	26	delays	delay	NOUN
ajfa-11193	131	27	in	in	ADP
ajfa-11193	131	28	payments	payment	NOUN
ajfa-11193	131	29	to	to	ADP
ajfa-11193	131	30	suppliers	supplier	NOUN
ajfa-11193	131	31	,	,	PUNCT
ajfa-11193	131	32	thus	thus	ADV
ajfa-11193	131	33	,	,	PUNCT
ajfa-11193	131	34	increases	increase	VERB
ajfa-11193	131	35	efficiency	efficiency	NOUN
ajfa-11193	131	36	of	of	ADP
ajfa-11193	131	37	working	work	VERB
ajfa-11193	131	38	capital	capital	NOUN
ajfa-11193	131	39	management	management	NOUN
ajfa-11193	131	40	.	.	PUNCT
ajfa-11193	132	1	the	the	DET
ajfa-11193	132	2	ccc	ccc	PROPN
ajfa-11193	132	3	aims	aim	VERB
ajfa-11193	132	4	to	to	PART
ajfa-11193	132	5	shorten	shorten	VERB
ajfa-11193	132	6	the	the	DET
ajfa-11193	132	7	a	a	NOUN
ajfa-11193	132	8	)	)	PUNCT
ajfa-11193	132	9	number	number	NOUN
ajfa-11193	132	10	of	of	ADP
ajfa-11193	132	11	days	day	NOUN
ajfa-11193	132	12	account	account	NOUN
ajfa-11193	132	13	receivable	receivable	NOUN
ajfa-11193	132	14	,	,	PUNCT
ajfa-11193	132	15	the	the	DET
ajfa-11193	132	16	b	b	NOUN
ajfa-11193	132	17	)	)	PUNCT
ajfa-11193	132	18	number	number	NOUN
ajfa-11193	132	19	of	of	ADP
ajfa-11193	132	20	days	day	NOUN
ajfa-11193	132	21	inventory	inventory	NOUN
ajfa-11193	132	22	;	;	PUNCT
ajfa-11193	132	23	and	and	CCONJ
ajfa-11193	132	24	the	the	DET
ajfa-11193	132	25	c	c	NOUN
ajfa-11193	132	26	)	)	PUNCT
ajfa-11193	132	27	number	number	NOUN
ajfa-11193	132	28	of	of	ADP
ajfa-11193	132	29	days	day	NOUN
ajfa-11193	132	30	account	account	NOUN
ajfa-11193	132	31	payable	payable	ADJ
ajfa-11193	132	32	.	.	PUNCT
ajfa-11193	133	1	deloof	deloof	NOUN
ajfa-11193	133	2	(	(	PUNCT
ajfa-11193	133	3	2003	2003	NUM
ajfa-11193	133	4	)	)	PUNCT
ajfa-11193	133	5	,	,	PUNCT
ajfa-11193	133	6	lazaridis	lazaridi	NOUN
ajfa-11193	133	7	and	and	CCONJ
ajfa-11193	133	8	tryfonidis	tryfonidi	NOUN
ajfa-11193	133	9	(	(	PUNCT
ajfa-11193	133	10	2006	2006	NUM
ajfa-11193	133	11	)	)	PUNCT
ajfa-11193	133	12	,	,	PUNCT
ajfa-11193	133	13	and	and	CCONJ
ajfa-11193	133	14	enqvist	enqvist	NOUN
ajfa-11193	133	15	et	et	PROPN
ajfa-11193	133	16	al	al	PROPN
ajfa-11193	133	17	.	.	PROPN
ajfa-11193	134	1	(	(	PUNCT
ajfa-11193	134	2	2014	2014	NUM
ajfa-11193	134	3	)	)	PUNCT
ajfa-11193	134	4	all	all	PRON
ajfa-11193	134	5	claim	claim	VERB
ajfa-11193	134	6	a	a	DET
ajfa-11193	134	7	negative	negative	ADJ
ajfa-11193	134	8	relationship	relationship	NOUN
ajfa-11193	134	9	between	between	ADP
ajfa-11193	134	10	the	the	DET
ajfa-11193	134	11	length	length	NOUN
ajfa-11193	134	12	of	of	ADP
ajfa-11193	134	13	ccc	ccc	PROPN
ajfa-11193	134	14	,	,	PUNCT
ajfa-11193	134	15	and	and	CCONJ
ajfa-11193	134	16	corporate	corporate	ADJ
ajfa-11193	134	17	profitability	profitability	NOUN
ajfa-11193	134	18	.	.	PUNCT
ajfa-11193	135	1	thus	thus	ADV
ajfa-11193	135	2	,	,	PUNCT
ajfa-11193	135	3	this	this	DET
ajfa-11193	135	4	study	study	NOUN
ajfa-11193	135	5	formulates	formulate	VERB
ajfa-11193	135	6	the	the	DET
ajfa-11193	135	7	following	follow	VERB
ajfa-11193	135	8	hypotheses	hypothesis	NOUN
ajfa-11193	135	9	:	:	PUNCT
ajfa-11193	135	10	h01	h01	NOUN
ajfa-11193	135	11	:	:	PUNCT
ajfa-11193	135	12	ccc	ccc	PROPN
ajfa-11193	135	13	components	component	NOUN
ajfa-11193	135	14	(	(	PUNCT
ajfa-11193	135	15	number	number	NOUN
ajfa-11193	135	16	of	of	ADP
ajfa-11193	135	17	days	day	NOUN
ajfa-11193	135	18	accounts	account	VERB
ajfa-11193	135	19	receivable	receivable	ADJ
ajfa-11193	135	20	,	,	PUNCT
ajfa-11193	135	21	number	number	NOUN
ajfa-11193	135	22	of	of	ADP
ajfa-11193	135	23	days	day	NOUN
ajfa-11193	135	24	in	in	ADP
ajfa-11193	135	25	inventory	inventory	NOUN
ajfa-11193	135	26	,	,	PUNCT
ajfa-11193	135	27	and	and	CCONJ
ajfa-11193	135	28	number	number	NOUN
ajfa-11193	135	29	of	of	ADP
ajfa-11193	135	30	days	day	NOUN
ajfa-11193	135	31	accounts	account	VERB
ajfa-11193	135	32	payable	payable	ADJ
ajfa-11193	135	33	)	)	PUNCT
ajfa-11193	135	34	have	have	VERB
ajfa-11193	135	35	no	no	DET
ajfa-11193	135	36	effect	effect	NOUN
ajfa-11193	135	37	on	on	ADP
ajfa-11193	135	38	profitability	profitability	NOUN
ajfa-11193	135	39	.	.	PUNCT
ajfa-11193	136	1	asian	asian	ADJ
ajfa-11193	136	2	journal	journal	PROPN
ajfa-11193	136	3	of	of	ADP
ajfa-11193	136	4	finance	finance	PROPN
ajfa-11193	136	5	&	&	CCONJ
ajfa-11193	136	6	accounting	accounting	PROPN
ajfa-11193	136	7	issn	issn	PROPN
ajfa-11193	136	8	1946	1946	NUM
ajfa-11193	136	9	-	-	PUNCT
ajfa-11193	136	10	052x	052x	PROPN
ajfa-11193	136	11	2017	2017	NUM
ajfa-11193	136	12	,	,	PUNCT
ajfa-11193	136	13	vol	vol	NOUN
ajfa-11193	136	14	.	.	NOUN
ajfa-11193	136	15	9	9	NUM
ajfa-11193	136	16	,	,	PUNCT
ajfa-11193	136	17	no	no	INTJ
ajfa-11193	136	18	.	.	NOUN
ajfa-11193	136	19	1	1	NUM
ajfa-11193	136	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	136	21	404	404	NUM
ajfa-11193	136	22	h1	h1	NOUN
ajfa-11193	136	23	:	:	PUNCT
ajfa-11193	136	24	ccc	ccc	PROPN
ajfa-11193	136	25	components	component	NOUN
ajfa-11193	136	26	(	(	PUNCT
ajfa-11193	136	27	number	number	NOUN
ajfa-11193	136	28	of	of	ADP
ajfa-11193	136	29	days	day	NOUN
ajfa-11193	136	30	accounts	account	VERB
ajfa-11193	136	31	receivable	receivable	ADJ
ajfa-11193	136	32	,	,	PUNCT
ajfa-11193	136	33	number	number	NOUN
ajfa-11193	136	34	of	of	ADP
ajfa-11193	136	35	days	day	NOUN
ajfa-11193	136	36	in	in	ADP
ajfa-11193	136	37	inventory	inventory	NOUN
ajfa-11193	136	38	,	,	PUNCT
ajfa-11193	136	39	and	and	CCONJ
ajfa-11193	136	40	number	number	NOUN
ajfa-11193	136	41	of	of	ADP
ajfa-11193	136	42	days	day	NOUN
ajfa-11193	136	43	accounts	account	VERB
ajfa-11193	136	44	payable	payable	ADJ
ajfa-11193	136	45	)	)	PUNCT
ajfa-11193	136	46	have	have	VERB
ajfa-11193	136	47	negative	negative	ADJ
ajfa-11193	136	48	relationship	relationship	NOUN
ajfa-11193	136	49	with	with	ADP
ajfa-11193	136	50	the	the	DET
ajfa-11193	136	51	profitability	profitability	NOUN
ajfa-11193	136	52	.	.	PUNCT
ajfa-11193	137	1	c	c	X
ajfa-11193	137	2	)	)	PUNCT
ajfa-11193	137	3	size	size	NOUN
ajfa-11193	137	4	size	size	NOUN
ajfa-11193	137	5	will	will	AUX
ajfa-11193	137	6	be	be	AUX
ajfa-11193	137	7	measured	measure	VERB
ajfa-11193	137	8	by	by	ADP
ajfa-11193	137	9	the	the	DET
ajfa-11193	137	10	company	company	NOUN
ajfa-11193	137	11	’s	’s	PART
ajfa-11193	137	12	total	total	ADJ
ajfa-11193	137	13	asset	asset	NOUN
ajfa-11193	137	14	.	.	PUNCT
ajfa-11193	138	1	it	it	PRON
ajfa-11193	138	2	is	be	AUX
ajfa-11193	138	3	assumed	assume	VERB
ajfa-11193	138	4	that	that	SCONJ
ajfa-11193	138	5	huge	huge	ADJ
ajfa-11193	138	6	companies	company	NOUN
ajfa-11193	138	7	with	with	ADP
ajfa-11193	138	8	bigger	big	ADJ
ajfa-11193	138	9	assets	asset	NOUN
ajfa-11193	138	10	optimize	optimize	VERB
ajfa-11193	138	11	operations	operation	NOUN
ajfa-11193	138	12	to	to	PART
ajfa-11193	138	13	create	create	VERB
ajfa-11193	138	14	more	more	ADJ
ajfa-11193	138	15	profit	profit	NOUN
ajfa-11193	138	16	.	.	PUNCT
ajfa-11193	139	1	according	accord	VERB
ajfa-11193	139	2	to	to	ADP
ajfa-11193	139	3	the	the	DET
ajfa-11193	139	4	studies	study	NOUN
ajfa-11193	139	5	of	of	ADP
ajfa-11193	139	6	deloof	deloof	NOUN
ajfa-11193	139	7	(	(	PUNCT
ajfa-11193	139	8	2003	2003	NUM
ajfa-11193	139	9	)	)	PUNCT
ajfa-11193	139	10	,	,	PUNCT
ajfa-11193	139	11	lazaridis	lazaridi	NOUN
ajfa-11193	139	12	and	and	CCONJ
ajfa-11193	139	13	tryfonidis	tryfonidi	NOUN
ajfa-11193	139	14	(	(	PUNCT
ajfa-11193	139	15	2006	2006	NUM
ajfa-11193	139	16	)	)	PUNCT
ajfa-11193	139	17	,	,	PUNCT
ajfa-11193	139	18	and	and	CCONJ
ajfa-11193	139	19	garcia	garcia	PROPN
ajfa-11193	139	20	-	-	PUNCT
ajfa-11193	139	21	teruel	teruel	PROPN
ajfa-11193	139	22	and	and	CCONJ
ajfa-11193	139	23	martinez	martinez	PROPN
ajfa-11193	139	24	-	-	PUNCT
ajfa-11193	139	25	solano	solano	PROPN
ajfa-11193	139	26	(	(	PUNCT
ajfa-11193	139	27	2007	2007	NUM
ajfa-11193	139	28	)	)	PUNCT
ajfa-11193	139	29	,	,	PUNCT
ajfa-11193	139	30	the	the	DET
ajfa-11193	139	31	relationship	relationship	NOUN
ajfa-11193	139	32	between	between	ADP
ajfa-11193	139	33	company	company	NOUN
ajfa-11193	139	34	size	size	NOUN
ajfa-11193	139	35	and	and	CCONJ
ajfa-11193	139	36	profitability	profitability	NOUN
ajfa-11193	139	37	is	be	AUX
ajfa-11193	139	38	positive	positive	ADJ
ajfa-11193	139	39	,	,	PUNCT
ajfa-11193	139	40	which	which	PRON
ajfa-11193	139	41	means	mean	VERB
ajfa-11193	139	42	that	that	SCONJ
ajfa-11193	139	43	the	the	PRON
ajfa-11193	139	44	bigger	big	ADJ
ajfa-11193	139	45	the	the	DET
ajfa-11193	139	46	company	company	NOUN
ajfa-11193	139	47	,	,	PUNCT
ajfa-11193	139	48	the	the	DET
ajfa-11193	139	49	higher	high	ADJ
ajfa-11193	139	50	profitability	profitability	NOUN
ajfa-11193	139	51	the	the	DET
ajfa-11193	139	52	company	company	NOUN
ajfa-11193	139	53	has	have	VERB
ajfa-11193	139	54	than	than	ADP
ajfa-11193	139	55	smaller	small	ADJ
ajfa-11193	139	56	firms	firm	NOUN
ajfa-11193	139	57	.	.	PUNCT
ajfa-11193	140	1	however	however	ADV
ajfa-11193	140	2	,	,	PUNCT
ajfa-11193	140	3	enqvist	enqvist	NOUN
ajfa-11193	140	4	et	et	PROPN
ajfa-11193	140	5	al	al	PROPN
ajfa-11193	140	6	.	.	PROPN
ajfa-11193	141	1	(	(	PUNCT
ajfa-11193	141	2	2014	2014	NUM
ajfa-11193	141	3	)	)	PUNCT
ajfa-11193	141	4	showed	show	VERB
ajfa-11193	141	5	a	a	DET
ajfa-11193	141	6	result	result	NOUN
ajfa-11193	141	7	of	of	ADP
ajfa-11193	141	8	negative	negative	ADJ
ajfa-11193	141	9	relationship	relationship	NOUN
ajfa-11193	141	10	between	between	ADP
ajfa-11193	141	11	the	the	DET
ajfa-11193	141	12	size	size	NOUN
ajfa-11193	141	13	and	and	CCONJ
ajfa-11193	141	14	profitability	profitability	NOUN
ajfa-11193	141	15	.	.	PUNCT
ajfa-11193	142	1	for	for	ADP
ajfa-11193	142	2	the	the	DET
ajfa-11193	142	3	purposes	purpose	NOUN
ajfa-11193	142	4	of	of	ADP
ajfa-11193	142	5	this	this	DET
ajfa-11193	142	6	study	study	NOUN
ajfa-11193	142	7	,	,	PUNCT
ajfa-11193	142	8	we	we	PRON
ajfa-11193	142	9	’ll	’ll	AUX
ajfa-11193	142	10	be	be	AUX
ajfa-11193	142	11	going	go	VERB
ajfa-11193	142	12	with	with	ADP
ajfa-11193	142	13	the	the	DET
ajfa-11193	142	14	following	follow	VERB
ajfa-11193	142	15	hypotheses	hypothesis	NOUN
ajfa-11193	142	16	:	:	PUNCT
ajfa-11193	142	17	h02	h02	NOUN
ajfa-11193	142	18	:	:	PUNCT
ajfa-11193	142	19	size	size	NOUN
ajfa-11193	142	20	of	of	ADP
ajfa-11193	142	21	the	the	DET
ajfa-11193	142	22	company	company	NOUN
ajfa-11193	142	23	has	have	VERB
ajfa-11193	142	24	no	no	DET
ajfa-11193	142	25	effect	effect	NOUN
ajfa-11193	142	26	on	on	ADP
ajfa-11193	142	27	profitability	profitability	NOUN
ajfa-11193	142	28	.	.	PUNCT
ajfa-11193	143	1	h2	h2	NOUN
ajfa-11193	143	2	:	:	PUNCT
ajfa-11193	143	3	size	size	NOUN
ajfa-11193	143	4	of	of	ADP
ajfa-11193	143	5	the	the	DET
ajfa-11193	143	6	company	company	NOUN
ajfa-11193	143	7	has	have	VERB
ajfa-11193	143	8	positive	positive	ADJ
ajfa-11193	143	9	relationship	relationship	NOUN
ajfa-11193	143	10	with	with	ADP
ajfa-11193	143	11	profitability	profitability	NOUN
ajfa-11193	143	12	.	.	PUNCT
ajfa-11193	144	1	d	d	X
ajfa-11193	144	2	)	)	PUNCT
ajfa-11193	144	3	current	current	ADJ
ajfa-11193	144	4	ratio	ratio	NOUN
ajfa-11193	144	5	current	current	ADJ
ajfa-11193	144	6	ratio	ratio	NOUN
ajfa-11193	144	7	is	be	AUX
ajfa-11193	144	8	an	an	DET
ajfa-11193	144	9	indicator	indicator	NOUN
ajfa-11193	144	10	of	of	ADP
ajfa-11193	144	11	a	a	DET
ajfa-11193	144	12	company	company	NOUN
ajfa-11193	144	13	’s	’s	PART
ajfa-11193	144	14	short	short	ADJ
ajfa-11193	144	15	-	-	PUNCT
ajfa-11193	144	16	term	term	NOUN
ajfa-11193	144	17	liquidity	liquidity	NOUN
ajfa-11193	144	18	,	,	PUNCT
ajfa-11193	144	19	and	and	CCONJ
ajfa-11193	144	20	is	be	AUX
ajfa-11193	144	21	measured	measure	VERB
ajfa-11193	144	22	by	by	ADP
ajfa-11193	144	23	:	:	PUNCT
ajfa-11193	144	24	current	current	ADJ
ajfa-11193	144	25	asset	asset	NOUN
ajfa-11193	144	26	/	/	SYM
ajfa-11193	144	27	current	current	ADJ
ajfa-11193	144	28	liabilities	liability	NOUN
ajfa-11193	144	29	.	.	PUNCT
ajfa-11193	145	1	the	the	PRON
ajfa-11193	145	2	higher	high	ADJ
ajfa-11193	145	3	the	the	DET
ajfa-11193	145	4	ratio	ratio	NOUN
ajfa-11193	145	5	,	,	PUNCT
ajfa-11193	145	6	the	the	PRON
ajfa-11193	145	7	more	more	ADV
ajfa-11193	145	8	capable	capable	ADJ
ajfa-11193	145	9	the	the	DET
ajfa-11193	145	10	company	company	NOUN
ajfa-11193	145	11	is	be	AUX
ajfa-11193	145	12	to	to	PART
ajfa-11193	145	13	pay	pay	VERB
ajfa-11193	145	14	back	back	ADP
ajfa-11193	145	15	its	its	PRON
ajfa-11193	145	16	current	current	ADJ
ajfa-11193	145	17	liabilities	liability	NOUN
ajfa-11193	145	18	and	and	CCONJ
ajfa-11193	145	19	continue	continue	VERB
ajfa-11193	145	20	its	its	PRON
ajfa-11193	145	21	daily	daily	ADJ
ajfa-11193	145	22	operations	operation	NOUN
ajfa-11193	145	23	.	.	PUNCT
ajfa-11193	146	1	previous	previous	ADJ
ajfa-11193	146	2	studies	study	NOUN
ajfa-11193	146	3	,	,	PUNCT
ajfa-11193	146	4	such	such	ADJ
ajfa-11193	146	5	as	as	ADP
ajfa-11193	146	6	zubairi	zubairi	PROPN
ajfa-11193	146	7	(	(	PUNCT
ajfa-11193	146	8	2010	2010	NUM
ajfa-11193	146	9	)	)	PUNCT
ajfa-11193	146	10	and	and	CCONJ
ajfa-11193	146	11	enqvist	enqvist	NOUN
ajfa-11193	146	12	et	et	PROPN
ajfa-11193	146	13	al	al	PROPN
ajfa-11193	146	14	.	.	PROPN
ajfa-11193	146	15	(	(	PUNCT
ajfa-11193	146	16	2014	2014	NUM
ajfa-11193	146	17	)	)	PUNCT
ajfa-11193	146	18	proposed	propose	VERB
ajfa-11193	146	19	positive	positive	ADJ
ajfa-11193	146	20	relationship	relationship	NOUN
ajfa-11193	146	21	between	between	ADP
ajfa-11193	146	22	current	current	ADJ
ajfa-11193	146	23	ratio	ratio	NOUN
ajfa-11193	146	24	and	and	CCONJ
ajfa-11193	146	25	profitability	profitability	NOUN
ajfa-11193	146	26	,	,	PUNCT
ajfa-11193	146	27	because	because	SCONJ
ajfa-11193	146	28	of	of	ADP
ajfa-11193	146	29	maintained	maintain	VERB
ajfa-11193	146	30	liquidity	liquidity	NOUN
ajfa-11193	146	31	in	in	ADP
ajfa-11193	146	32	the	the	DET
ajfa-11193	146	33	short	short	ADJ
ajfa-11193	146	34	-	-	PUNCT
ajfa-11193	146	35	run	run	NOUN
ajfa-11193	146	36	.	.	PUNCT
ajfa-11193	147	1	thus	thus	ADV
ajfa-11193	147	2	,	,	PUNCT
ajfa-11193	147	3	this	this	DET
ajfa-11193	147	4	paper	paper	NOUN
ajfa-11193	147	5	suggests	suggest	VERB
ajfa-11193	147	6	the	the	DET
ajfa-11193	147	7	following	follow	VERB
ajfa-11193	147	8	hypotheses	hypothesis	NOUN
ajfa-11193	147	9	:	:	PUNCT
ajfa-11193	147	10	h03	h03	NOUN
ajfa-11193	147	11	:	:	PUNCT
ajfa-11193	147	12	current	current	ADJ
ajfa-11193	147	13	ratio	ratio	NOUN
ajfa-11193	147	14	has	have	AUX
ajfa-11193	147	15	no	no	DET
ajfa-11193	147	16	effect	effect	NOUN
ajfa-11193	147	17	on	on	ADP
ajfa-11193	147	18	profitability	profitability	NOUN
ajfa-11193	147	19	.	.	PUNCT
ajfa-11193	148	1	h3	h3	NOUN
ajfa-11193	148	2	:	:	PUNCT
ajfa-11193	148	3	current	current	ADJ
ajfa-11193	148	4	ratio	ratio	NOUN
ajfa-11193	148	5	has	have	VERB
ajfa-11193	148	6	positive	positive	ADJ
ajfa-11193	148	7	relationship	relationship	NOUN
ajfa-11193	148	8	with	with	ADP
ajfa-11193	148	9	profitability	profitability	NOUN
ajfa-11193	148	10	.	.	PUNCT
ajfa-11193	149	1	e	e	X
ajfa-11193	149	2	)	)	PUNCT
ajfa-11193	149	3	debt	debt	NOUN
ajfa-11193	149	4	ratio	ratio	NOUN
ajfa-11193	149	5	debt	debt	NOUN
ajfa-11193	149	6	ratio	ratio	NOUN
ajfa-11193	149	7	indicates	indicate	VERB
ajfa-11193	149	8	the	the	DET
ajfa-11193	149	9	percentage	percentage	NOUN
ajfa-11193	149	10	of	of	ADP
ajfa-11193	149	11	company	company	NOUN
ajfa-11193	149	12	’s	’s	PART
ajfa-11193	149	13	assets	asset	NOUN
ajfa-11193	149	14	that	that	PRON
ajfa-11193	149	15	are	be	AUX
ajfa-11193	149	16	supported	support	VERB
ajfa-11193	149	17	by	by	ADP
ajfa-11193	149	18	external	external	ADJ
ajfa-11193	149	19	financing	financing	NOUN
ajfa-11193	149	20	(	(	PUNCT
ajfa-11193	149	21	shortand	shortand	NOUN
ajfa-11193	149	22	long	long	ADJ
ajfa-11193	149	23	-	-	PUNCT
ajfa-11193	149	24	term	term	NOUN
ajfa-11193	149	25	debt	debt	NOUN
ajfa-11193	149	26	)	)	PUNCT
ajfa-11193	149	27	.	.	PUNCT
ajfa-11193	150	1	the	the	PRON
ajfa-11193	150	2	higher	high	ADJ
ajfa-11193	150	3	the	the	DET
ajfa-11193	150	4	ratio	ratio	NOUN
ajfa-11193	150	5	,	,	PUNCT
ajfa-11193	150	6	the	the	PRON
ajfa-11193	150	7	greater	great	ADJ
ajfa-11193	150	8	the	the	DET
ajfa-11193	150	9	amount	amount	NOUN
ajfa-11193	150	10	of	of	ADP
ajfa-11193	150	11	debt	debt	NOUN
ajfa-11193	150	12	used	use	VERB
ajfa-11193	150	13	to	to	PART
ajfa-11193	150	14	operate	operate	VERB
ajfa-11193	150	15	and	and	CCONJ
ajfa-11193	150	16	generate	generate	VERB
ajfa-11193	150	17	profits	profit	NOUN
ajfa-11193	150	18	.	.	PUNCT
ajfa-11193	151	1	a	a	DET
ajfa-11193	151	2	firm	firm	NOUN
ajfa-11193	151	3	needs	need	VERB
ajfa-11193	151	4	to	to	PART
ajfa-11193	151	5	maintain	maintain	VERB
ajfa-11193	151	6	a	a	DET
ajfa-11193	151	7	manageable	manageable	ADJ
ajfa-11193	151	8	optimal	optimal	ADJ
ajfa-11193	151	9	debt	debt	NOUN
ajfa-11193	151	10	ratio	ratio	NOUN
ajfa-11193	151	11	to	to	PART
ajfa-11193	151	12	reduce	reduce	VERB
ajfa-11193	151	13	the	the	DET
ajfa-11193	151	14	cost	cost	NOUN
ajfa-11193	151	15	of	of	ADP
ajfa-11193	151	16	capital	capital	NOUN
ajfa-11193	151	17	,	,	PUNCT
ajfa-11193	151	18	which	which	PRON
ajfa-11193	151	19	also	also	ADV
ajfa-11193	151	20	means	mean	VERB
ajfa-11193	151	21	maximizing	maximize	VERB
ajfa-11193	151	22	firm	firm	NOUN
ajfa-11193	151	23	’s	’s	PART
ajfa-11193	151	24	profitability	profitability	NOUN
ajfa-11193	151	25	(	(	PUNCT
ajfa-11193	151	26	modigliani	modigliani	PROPN
ajfa-11193	151	27	and	and	CCONJ
ajfa-11193	151	28	miller	miller	PROPN
ajfa-11193	151	29	,	,	PUNCT
ajfa-11193	151	30	1963	1963	NUM
ajfa-11193	151	31	)	)	PUNCT
ajfa-11193	151	32	.	.	PUNCT
ajfa-11193	152	1	several	several	ADJ
ajfa-11193	152	2	previous	previous	ADJ
ajfa-11193	152	3	studies	study	NOUN
ajfa-11193	152	4	like	like	ADP
ajfa-11193	152	5	deloof	deloof	NOUN
ajfa-11193	152	6	(	(	PUNCT
ajfa-11193	152	7	2003	2003	NUM
ajfa-11193	152	8	)	)	PUNCT
ajfa-11193	152	9	,	,	PUNCT
ajfa-11193	152	10	kebewar	kebewar	PROPN
ajfa-11193	152	11	(	(	PUNCT
ajfa-11193	152	12	2013	2013	NUM
ajfa-11193	152	13	)	)	PUNCT
ajfa-11193	152	14	,	,	PUNCT
ajfa-11193	152	15	and	and	CCONJ
ajfa-11193	152	16	enqvist	enqvist	NOUN
ajfa-11193	152	17	et	et	PROPN
ajfa-11193	152	18	al	al	PROPN
ajfa-11193	152	19	.	.	PROPN
ajfa-11193	152	20	(	(	PUNCT
ajfa-11193	152	21	2014	2014	NUM
ajfa-11193	152	22	)	)	PUNCT
ajfa-11193	152	23	showed	show	VERB
ajfa-11193	152	24	a	a	DET
ajfa-11193	152	25	negative	negative	ADJ
ajfa-11193	152	26	relationship	relationship	NOUN
ajfa-11193	152	27	between	between	ADP
ajfa-11193	152	28	higher	high	ADJ
ajfa-11193	152	29	debt	debt	NOUN
ajfa-11193	152	30	ratio	ratio	NOUN
ajfa-11193	152	31	and	and	CCONJ
ajfa-11193	152	32	profitability	profitability	NOUN
ajfa-11193	152	33	.	.	PUNCT
ajfa-11193	153	1	therefore	therefore	ADV
ajfa-11193	153	2	,	,	PUNCT
ajfa-11193	153	3	this	this	DET
ajfa-11193	153	4	study	study	NOUN
ajfa-11193	153	5	creates	create	VERB
ajfa-11193	153	6	the	the	DET
ajfa-11193	153	7	following	follow	VERB
ajfa-11193	153	8	hypotheses	hypothesis	NOUN
ajfa-11193	153	9	:	:	PUNCT
ajfa-11193	153	10	h04	h04	NOUN
ajfa-11193	153	11	:	:	PUNCT
ajfa-11193	153	12	debt	debt	NOUN
ajfa-11193	153	13	ratio	ratio	NOUN
ajfa-11193	153	14	has	have	VERB
ajfa-11193	153	15	no	no	DET
ajfa-11193	153	16	effect	effect	NOUN
ajfa-11193	153	17	on	on	ADP
ajfa-11193	153	18	the	the	DET
ajfa-11193	153	19	profitability	profitability	NOUN
ajfa-11193	153	20	.	.	PUNCT
ajfa-11193	154	1	h4	h4	NOUN
ajfa-11193	154	2	:	:	PUNCT
ajfa-11193	154	3	debt	debt	NOUN
ajfa-11193	154	4	ratio	ratio	NOUN
ajfa-11193	154	5	has	have	VERB
ajfa-11193	154	6	negative	negative	ADJ
ajfa-11193	154	7	relationship	relationship	NOUN
ajfa-11193	154	8	with	with	ADP
ajfa-11193	154	9	the	the	DET
ajfa-11193	154	10	profitability	profitability	NOUN
ajfa-11193	154	11	.	.	PUNCT
ajfa-11193	155	1	f	f	X
ajfa-11193	155	2	)	)	PUNCT
ajfa-11193	155	3	sales	sale	NOUN
ajfa-11193	155	4	growth	growth	NOUN
ajfa-11193	155	5	sales	sale	NOUN
ajfa-11193	155	6	growth	growth	NOUN
ajfa-11193	155	7	is	be	AUX
ajfa-11193	155	8	the	the	DET
ajfa-11193	155	9	primary	primary	ADJ
ajfa-11193	155	10	factor	factor	NOUN
ajfa-11193	155	11	that	that	PRON
ajfa-11193	155	12	improves	improve	VERB
ajfa-11193	155	13	profitability	profitability	NOUN
ajfa-11193	155	14	.	.	PUNCT
ajfa-11193	156	1	firms	firm	NOUN
ajfa-11193	156	2	with	with	ADP
ajfa-11193	156	3	high	high	ADJ
ajfa-11193	156	4	sales	sale	NOUN
ajfa-11193	156	5	growth	growth	NOUN
ajfa-11193	156	6	opportunities	opportunity	NOUN
ajfa-11193	156	7	are	be	AUX
ajfa-11193	156	8	expected	expect	VERB
ajfa-11193	156	9	to	to	PART
ajfa-11193	156	10	have	have	VERB
ajfa-11193	156	11	a	a	DET
ajfa-11193	156	12	high	high	ADJ
ajfa-11193	156	13	performance	performance	NOUN
ajfa-11193	156	14	ratio	ratio	NOUN
ajfa-11193	156	15	,	,	PUNCT
ajfa-11193	156	16	as	as	SCONJ
ajfa-11193	156	17	growth	growth	NOUN
ajfa-11193	156	18	firms	firm	NOUN
ajfa-11193	156	19	are	be	AUX
ajfa-11193	156	20	able	able	ADJ
ajfa-11193	156	21	to	to	PART
ajfa-11193	156	22	generate	generate	VERB
ajfa-11193	156	23	profit	profit	NOUN
ajfa-11193	156	24	from	from	ADP
ajfa-11193	156	25	investment	investment	NOUN
ajfa-11193	156	26	.	.	PUNCT
ajfa-11193	157	1	previous	previous	ADJ
ajfa-11193	157	2	studies	study	NOUN
ajfa-11193	157	3	,	,	PUNCT
ajfa-11193	157	4	such	such	ADJ
ajfa-11193	157	5	as	as	ADP
ajfa-11193	157	6	shin	shin	NOUN
ajfa-11193	157	7	and	and	CCONJ
ajfa-11193	157	8	soenen	soenen	NOUN
ajfa-11193	157	9	(	(	PUNCT
ajfa-11193	157	10	1998	1998	NUM
ajfa-11193	157	11	)	)	PUNCT
ajfa-11193	157	12	,	,	PUNCT
ajfa-11193	157	13	garcia	garcia	PROPN
ajfa-11193	157	14	-	-	PUNCT
ajfa-11193	157	15	teruel	teruel	PROPN
ajfa-11193	157	16	and	and	CCONJ
ajfa-11193	157	17	martinez	martinez	PROPN
ajfa-11193	157	18	-	-	PUNCT
ajfa-11193	157	19	solano	solano	PROPN
ajfa-11193	157	20	(	(	PUNCT
ajfa-11193	157	21	2007	2007	NUM
ajfa-11193	157	22	)	)	PUNCT
ajfa-11193	157	23	,	,	PUNCT
ajfa-11193	157	24	and	and	CCONJ
ajfa-11193	157	25	zubairi	zubairi	NOUN
ajfa-11193	157	26	(	(	PUNCT
ajfa-11193	157	27	2010	2010	NUM
ajfa-11193	157	28	)	)	PUNCT
ajfa-11193	157	29	,	,	PUNCT
ajfa-11193	157	30	showed	show	VERB
ajfa-11193	157	31	a	a	DET
ajfa-11193	157	32	positive	positive	ADJ
ajfa-11193	157	33	asian	asian	ADJ
ajfa-11193	157	34	journal	journal	NOUN
ajfa-11193	157	35	of	of	ADP
ajfa-11193	157	36	finance	finance	PROPN
ajfa-11193	157	37	&	&	CCONJ
ajfa-11193	157	38	accounting	accounting	PROPN
ajfa-11193	157	39	issn	issn	PROPN
ajfa-11193	157	40	1946	1946	NUM
ajfa-11193	157	41	-	-	PUNCT
ajfa-11193	157	42	052x	052x	PROPN
ajfa-11193	157	43	2017	2017	NUM
ajfa-11193	157	44	,	,	PUNCT
ajfa-11193	157	45	vol	vol	NOUN
ajfa-11193	157	46	.	.	NOUN
ajfa-11193	157	47	9	9	NUM
ajfa-11193	157	48	,	,	PUNCT
ajfa-11193	157	49	no	no	INTJ
ajfa-11193	157	50	.	.	NOUN
ajfa-11193	157	51	1	1	NUM
ajfa-11193	157	52	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	157	53	405	405	NUM
ajfa-11193	157	54	relationship	relationship	NOUN
ajfa-11193	157	55	between	between	ADP
ajfa-11193	157	56	sales	sale	NOUN
ajfa-11193	157	57	growth	growth	NOUN
ajfa-11193	157	58	and	and	CCONJ
ajfa-11193	157	59	profitability	profitability	NOUN
ajfa-11193	157	60	.	.	PUNCT
ajfa-11193	158	1	thus	thus	ADV
ajfa-11193	158	2	,	,	PUNCT
ajfa-11193	158	3	this	this	DET
ajfa-11193	158	4	paper	paper	NOUN
ajfa-11193	158	5	suggests	suggest	VERB
ajfa-11193	158	6	the	the	DET
ajfa-11193	158	7	following	follow	VERB
ajfa-11193	158	8	hypotheses	hypothesis	NOUN
ajfa-11193	158	9	:	:	PUNCT
ajfa-11193	158	10	h05	h05	NOUN
ajfa-11193	158	11	:	:	PUNCT
ajfa-11193	158	12	sales	sale	NOUN
ajfa-11193	158	13	growth	growth	NOUN
ajfa-11193	158	14	has	have	VERB
ajfa-11193	158	15	no	no	DET
ajfa-11193	158	16	effect	effect	NOUN
ajfa-11193	158	17	on	on	ADP
ajfa-11193	158	18	profitability	profitability	NOUN
ajfa-11193	158	19	.	.	PUNCT
ajfa-11193	159	1	h5	h5	NOUN
ajfa-11193	159	2	:	:	PUNCT
ajfa-11193	159	3	sales	sale	NOUN
ajfa-11193	159	4	growth	growth	NOUN
ajfa-11193	159	5	has	have	VERB
ajfa-11193	159	6	positive	positive	ADJ
ajfa-11193	159	7	relationship	relationship	NOUN
ajfa-11193	159	8	with	with	ADP
ajfa-11193	159	9	profitability	profitability	NOUN
ajfa-11193	159	10	.	.	PUNCT
ajfa-11193	160	1	g	g	NOUN
ajfa-11193	160	2	)	)	PUNCT
ajfa-11193	160	3	tangibility	tangibility	NOUN
ajfa-11193	160	4	tangibility	tangibility	NOUN
ajfa-11193	160	5	of	of	ADP
ajfa-11193	160	6	real	real	ADJ
ajfa-11193	160	7	estate	estate	NOUN
ajfa-11193	160	8	firms	firm	NOUN
ajfa-11193	160	9	refers	refer	VERB
ajfa-11193	160	10	to	to	ADP
ajfa-11193	160	11	the	the	DET
ajfa-11193	160	12	tangible	tangible	ADJ
ajfa-11193	160	13	assets	asset	NOUN
ajfa-11193	160	14	or	or	CCONJ
ajfa-11193	160	15	the	the	DET
ajfa-11193	160	16	fixed	fix	VERB
ajfa-11193	160	17	and	and	CCONJ
ajfa-11193	160	18	current	current	ADJ
ajfa-11193	160	19	assets	asset	NOUN
ajfa-11193	160	20	that	that	PRON
ajfa-11193	160	21	they	they	PRON
ajfa-11193	160	22	have	have	VERB
ajfa-11193	160	23	in	in	ADP
ajfa-11193	160	24	a	a	DET
ajfa-11193	160	25	particular	particular	ADJ
ajfa-11193	160	26	accounting	accounting	NOUN
ajfa-11193	160	27	year	year	NOUN
ajfa-11193	160	28	.	.	PUNCT
ajfa-11193	161	1	fixed	fix	VERB
ajfa-11193	161	2	assets	asset	NOUN
ajfa-11193	161	3	include	include	VERB
ajfa-11193	161	4	property	property	NOUN
ajfa-11193	161	5	,	,	PUNCT
ajfa-11193	161	6	plant	plant	NOUN
ajfa-11193	161	7	and	and	CCONJ
ajfa-11193	161	8	equipment	equipment	NOUN
ajfa-11193	161	9	,	,	PUNCT
ajfa-11193	161	10	while	while	SCONJ
ajfa-11193	161	11	current	current	ADJ
ajfa-11193	161	12	assets	asset	NOUN
ajfa-11193	161	13	include	include	VERB
ajfa-11193	161	14	real	real	ADJ
ajfa-11193	161	15	estate	estate	NOUN
ajfa-11193	161	16	assets	asset	NOUN
ajfa-11193	161	17	as	as	ADP
ajfa-11193	161	18	inventory	inventory	NOUN
ajfa-11193	161	19	.	.	PUNCT
ajfa-11193	162	1	firms	firm	NOUN
ajfa-11193	162	2	with	with	ADP
ajfa-11193	162	3	high	high	ADJ
ajfa-11193	162	4	levels	level	NOUN
ajfa-11193	162	5	of	of	ADP
ajfa-11193	162	6	tangible	tangible	ADJ
ajfa-11193	162	7	assets	asset	NOUN
ajfa-11193	162	8	tend	tend	VERB
ajfa-11193	162	9	to	to	PART
ajfa-11193	162	10	be	be	AUX
ajfa-11193	162	11	less	less	ADV
ajfa-11193	162	12	profitable	profitable	ADJ
ajfa-11193	162	13	,	,	PUNCT
ajfa-11193	162	14	because	because	SCONJ
ajfa-11193	162	15	according	accord	VERB
ajfa-11193	162	16	to	to	ADP
ajfa-11193	162	17	kebewar	kebewar	PROPN
ajfa-11193	162	18	(	(	PUNCT
ajfa-11193	162	19	2013	2013	NUM
ajfa-11193	162	20	)	)	PUNCT
ajfa-11193	162	21	,	,	PUNCT
ajfa-11193	162	22	these	these	DET
ajfa-11193	162	23	firms	firm	NOUN
ajfa-11193	162	24	have	have	VERB
ajfa-11193	162	25	less	less	ADJ
ajfa-11193	162	26	sales	sale	NOUN
ajfa-11193	162	27	innovation	innovation	NOUN
ajfa-11193	162	28	,	,	PUNCT
ajfa-11193	162	29	low	low	ADJ
ajfa-11193	162	30	research	research	NOUN
ajfa-11193	162	31	and	and	CCONJ
ajfa-11193	162	32	development	development	NOUN
ajfa-11193	162	33	,	,	PUNCT
ajfa-11193	162	34	and	and	CCONJ
ajfa-11193	162	35	lower	low	ADJ
ajfa-11193	162	36	investment	investment	NOUN
ajfa-11193	162	37	opportunities	opportunity	NOUN
ajfa-11193	162	38	in	in	ADP
ajfa-11193	162	39	the	the	DET
ajfa-11193	162	40	long	long	ADJ
ajfa-11193	162	41	term	term	NOUN
ajfa-11193	162	42	.	.	PUNCT
ajfa-11193	163	1	the	the	DET
ajfa-11193	163	2	papers	paper	NOUN
ajfa-11193	163	3	of	of	ADP
ajfa-11193	163	4	hammes	hamme	NOUN
ajfa-11193	163	5	and	and	CCONJ
ajfa-11193	163	6	chen	chen	PROPN
ajfa-11193	163	7	(	(	PUNCT
ajfa-11193	163	8	2004	2004	NUM
ajfa-11193	163	9	)	)	PUNCT
ajfa-11193	163	10	and	and	CCONJ
ajfa-11193	163	11	kebewar	kebewar	PROPN
ajfa-11193	163	12	(	(	PUNCT
ajfa-11193	163	13	2013	2013	NUM
ajfa-11193	163	14	)	)	PUNCT
ajfa-11193	163	15	proposed	propose	VERB
ajfa-11193	163	16	that	that	SCONJ
ajfa-11193	163	17	there	there	PRON
ajfa-11193	163	18	is	be	VERB
ajfa-11193	163	19	negative	negative	ADJ
ajfa-11193	163	20	relationship	relationship	NOUN
ajfa-11193	163	21	between	between	ADP
ajfa-11193	163	22	tangibility	tangibility	NOUN
ajfa-11193	163	23	and	and	CCONJ
ajfa-11193	163	24	profitability	profitability	NOUN
ajfa-11193	163	25	.	.	PUNCT
ajfa-11193	164	1	therefore	therefore	ADV
ajfa-11193	164	2	,	,	PUNCT
ajfa-11193	164	3	this	this	DET
ajfa-11193	164	4	study	study	NOUN
ajfa-11193	164	5	suggests	suggest	VERB
ajfa-11193	164	6	the	the	DET
ajfa-11193	164	7	following	follow	VERB
ajfa-11193	164	8	hypotheses	hypothesis	NOUN
ajfa-11193	164	9	:	:	PUNCT
ajfa-11193	164	10	h06	h06	NOUN
ajfa-11193	164	11	:	:	PUNCT
ajfa-11193	164	12	tangibility	tangibility	NOUN
ajfa-11193	164	13	has	have	AUX
ajfa-11193	164	14	no	no	DET
ajfa-11193	164	15	effect	effect	NOUN
ajfa-11193	164	16	on	on	ADP
ajfa-11193	164	17	profitability	profitability	NOUN
ajfa-11193	164	18	.	.	PUNCT
ajfa-11193	165	1	h6	h6	NOUN
ajfa-11193	165	2	:	:	PUNCT
ajfa-11193	165	3	tangibility	tangibility	NOUN
ajfa-11193	165	4	has	have	VERB
ajfa-11193	165	5	negative	negative	ADJ
ajfa-11193	165	6	relationship	relationship	NOUN
ajfa-11193	165	7	with	with	ADP
ajfa-11193	165	8	profitability	profitability	NOUN
ajfa-11193	165	9	.	.	PUNCT
ajfa-11193	166	1	asian	asian	ADJ
ajfa-11193	166	2	journal	journal	PROPN
ajfa-11193	166	3	of	of	ADP
ajfa-11193	166	4	finance	finance	PROPN
ajfa-11193	166	5	&	&	CCONJ
ajfa-11193	166	6	accounting	accounting	PROPN
ajfa-11193	166	7	issn	issn	PROPN
ajfa-11193	166	8	1946	1946	NUM
ajfa-11193	166	9	-	-	PUNCT
ajfa-11193	166	10	052x	052x	PROPN
ajfa-11193	166	11	2017	2017	NUM
ajfa-11193	166	12	,	,	PUNCT
ajfa-11193	166	13	vol	vol	NOUN
ajfa-11193	166	14	.	.	NOUN
ajfa-11193	166	15	9	9	NUM
ajfa-11193	166	16	,	,	PUNCT
ajfa-11193	166	17	no	no	INTJ
ajfa-11193	166	18	.	.	NOUN
ajfa-11193	166	19	1	1	NUM
ajfa-11193	166	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	166	21	406	406	NUM
ajfa-11193	166	22	table	table	NOUN
ajfa-11193	166	23	1	1	NUM
ajfa-11193	166	24	.	.	PUNCT
ajfa-11193	167	1	summary	summary	NOUN
ajfa-11193	167	2	of	of	ADP
ajfa-11193	167	3	variables	variable	NOUN
ajfa-11193	167	4	description	description	NOUN
ajfa-11193	167	5	independent	independent	ADJ
ajfa-11193	167	6	variables	variable	NOUN
ajfa-11193	167	7	abbreviation	abbreviation	NOUN
ajfa-11193	167	8	description	description	NOUN
ajfa-11193	167	9	formula	formula	NOUN
ajfa-11193	167	10	expected	expect	VERB
ajfa-11193	167	11	relationship	relationship	NOUN
ajfa-11193	167	12	with	with	ADP
ajfa-11193	167	13	return	return	NOUN
ajfa-11193	167	14	on	on	ADP
ajfa-11193	167	15	asset	asset	NOUN
ajfa-11193	167	16	roa	roa	NOUN
ajfa-11193	167	17	proxy	proxy	NOUN
ajfa-11193	167	18	for	for	ADP
ajfa-11193	167	19	profitability	profitability	NOUN
ajfa-11193	167	20	net	net	ADJ
ajfa-11193	167	21	income	income	NOUN
ajfa-11193	167	22	/	/	SYM
ajfa-11193	167	23	total	total	ADJ
ajfa-11193	167	24	assets	asset	NOUN
ajfa-11193	167	25	dependent	dependent	ADJ
ajfa-11193	167	26	variable	variable	ADJ
ajfa-11193	167	27	no	no	INTJ
ajfa-11193	167	28	.	.	PUNCT
ajfa-11193	167	29	of	of	ADP
ajfa-11193	167	30	days	day	NOUN
ajfa-11193	167	31	account	account	PROPN
ajfa-11193	167	32	receivable	receivable	ADJ
ajfa-11193	167	33	ar	ar	NOUN
ajfa-11193	167	34	amount	amount	NOUN
ajfa-11193	167	35	of	of	ADP
ajfa-11193	167	36	days	day	NOUN
ajfa-11193	167	37	to	to	PART
ajfa-11193	167	38	collect	collect	VERB
ajfa-11193	167	39	payments	payment	NOUN
ajfa-11193	167	40	(	(	PUNCT
ajfa-11193	167	41	account	account	NOUN
ajfa-11193	167	42	receivable	receivable	ADJ
ajfa-11193	167	43	/	/	SYM
ajfa-11193	167	44	sales	sale	NOUN
ajfa-11193	167	45	)	)	PUNCT
ajfa-11193	167	46	x	x	SYM
ajfa-11193	167	47	365	365	NUM
ajfa-11193	167	48	negative	negative	ADJ
ajfa-11193	167	49	(	(	PUNCT
ajfa-11193	167	50	-	-	PUNCT
ajfa-11193	167	51	)	)	PUNCT
ajfa-11193	167	52	no	no	NOUN
ajfa-11193	167	53	.	.	NOUN
ajfa-11193	167	54	of	of	ADP
ajfa-11193	167	55	days	day	NOUN
ajfa-11193	167	56	inventory	inventory	NOUN
ajfa-11193	167	57	in	in	ADP
ajfa-11193	167	58	amount	amount	NOUN
ajfa-11193	167	59	of	of	ADP
ajfa-11193	167	60	days	day	NOUN
ajfa-11193	167	61	to	to	PART
ajfa-11193	167	62	hold	hold	VERB
ajfa-11193	167	63	the	the	DET
ajfa-11193	167	64	inventory	inventory	NOUN
ajfa-11193	167	65	(	(	PUNCT
ajfa-11193	167	66	inventory	inventory	NOUN
ajfa-11193	167	67	/	/	SYM
ajfa-11193	167	68	cost	cost	NOUN
ajfa-11193	167	69	of	of	ADP
ajfa-11193	167	70	good	good	ADJ
ajfa-11193	167	71	sold	sell	VERB
ajfa-11193	167	72	)	)	PUNCT
ajfa-11193	167	73	x	x	SYM
ajfa-11193	167	74	365	365	NUM
ajfa-11193	167	75	negative	negative	ADJ
ajfa-11193	167	76	(	(	PUNCT
ajfa-11193	167	77	-	-	PUNCT
ajfa-11193	167	78	)	)	PUNCT
ajfa-11193	167	79	no	no	NOUN
ajfa-11193	167	80	.	.	NOUN
ajfa-11193	168	1	of	of	ADP
ajfa-11193	168	2	days	day	NOUN
ajfa-11193	168	3	account	account	VERB
ajfa-11193	168	4	payable	payable	ADJ
ajfa-11193	168	5	ap	ap	PROPN
ajfa-11193	168	6	amount	amount	NOUN
ajfa-11193	168	7	of	of	ADP
ajfa-11193	168	8	days	day	NOUN
ajfa-11193	168	9	to	to	PART
ajfa-11193	168	10	pay	pay	VERB
ajfa-11193	168	11	the	the	DET
ajfa-11193	168	12	supplier	supplier	NOUN
ajfa-11193	168	13	(	(	PUNCT
ajfa-11193	168	14	account	account	NOUN
ajfa-11193	168	15	payables	payable	NOUN
ajfa-11193	168	16	/	/	SYM
ajfa-11193	168	17	cost	cost	NOUN
ajfa-11193	168	18	of	of	ADP
ajfa-11193	168	19	good	good	ADJ
ajfa-11193	168	20	sold	sell	VERB
ajfa-11193	168	21	)	)	PUNCT
ajfa-11193	168	22	x	x	SYM
ajfa-11193	168	23	365	365	NUM
ajfa-11193	168	24	negative	negative	ADJ
ajfa-11193	168	25	(	(	PUNCT
ajfa-11193	168	26	-	-	PUNCT
ajfa-11193	168	27	)	)	PUNCT
ajfa-11193	168	28	size	size	NOUN
ajfa-11193	168	29	size	size	NOUN
ajfa-11193	168	30	natural	natural	ADJ
ajfa-11193	168	31	logarithm	logarithm	NOUN
ajfa-11193	168	32	of	of	ADP
ajfa-11193	168	33	sales	sale	NOUN
ajfa-11193	168	34	ln	ln	ADJ
ajfa-11193	168	35	(	(	PUNCT
ajfa-11193	168	36	sales	sale	NOUN
ajfa-11193	168	37	)	)	PUNCT
ajfa-11193	168	38	positive	positive	ADJ
ajfa-11193	168	39	(	(	PUNCT
ajfa-11193	168	40	+	+	ADJ
ajfa-11193	168	41	)	)	PUNCT
ajfa-11193	168	42	current	current	ADJ
ajfa-11193	168	43	ratio	ratio	NOUN
ajfa-11193	168	44	cr	cr	PROPN
ajfa-11193	168	45	indicator	indicator	NOUN
ajfa-11193	168	46	of	of	ADP
ajfa-11193	168	47	a	a	DET
ajfa-11193	168	48	company	company	NOUN
ajfa-11193	168	49	’s	’s	PART
ajfa-11193	168	50	liquidity	liquidity	NOUN
ajfa-11193	168	51	current	current	ADJ
ajfa-11193	168	52	asset	asset	NOUN
ajfa-11193	168	53	/	/	SYM
ajfa-11193	168	54	current	current	ADJ
ajfa-11193	168	55	liabilities	liability	NOUN
ajfa-11193	168	56	positive	positive	ADJ
ajfa-11193	168	57	(	(	PUNCT
ajfa-11193	168	58	+	+	ADJ
ajfa-11193	168	59	)	)	PUNCT
ajfa-11193	168	60	debt	debt	NOUN
ajfa-11193	168	61	ratio	ratio	NOUN
ajfa-11193	168	62	dr	dr	PROPN
ajfa-11193	168	63	percentage	percentage	NOUN
ajfa-11193	168	64	of	of	ADP
ajfa-11193	168	65	external	external	ADJ
ajfa-11193	168	66	financing	financing	NOUN
ajfa-11193	168	67	total	total	ADJ
ajfa-11193	168	68	debt	debt	NOUN
ajfa-11193	168	69	/	/	SYM
ajfa-11193	168	70	total	total	ADJ
ajfa-11193	168	71	asset	asset	NOUN
ajfa-11193	168	72	negative	negative	ADJ
ajfa-11193	168	73	(	(	PUNCT
ajfa-11193	168	74	-	-	PUNCT
ajfa-11193	168	75	)	)	PUNCT
ajfa-11193	168	76	sales	sale	NOUN
ajfa-11193	168	77	growth	growth	NOUN
ajfa-11193	168	78	sg	sg	ADP
ajfa-11193	168	79	company	company	NOUN
ajfa-11193	168	80	’s	’s	PART
ajfa-11193	168	81	growth	growth	NOUN
ajfa-11193	168	82	opportunities	opportunity	NOUN
ajfa-11193	168	83	(	(	PUNCT
ajfa-11193	168	84	sales1	sales1	NOUN
ajfa-11193	168	85	–	–	PUNCT
ajfa-11193	168	86	sales0)/	sales0)/	NOUN
ajfa-11193	168	87	sales0	sales0	VERB
ajfa-11193	168	88	positive	positive	ADJ
ajfa-11193	168	89	(	(	PUNCT
ajfa-11193	168	90	+	+	ADJ
ajfa-11193	168	91	)	)	PUNCT
ajfa-11193	168	92	tangibility	tangibility	PROPN
ajfa-11193	168	93	tang	tang	PROPN
ajfa-11193	168	94	fixed	fix	VERB
ajfa-11193	168	95	and	and	CCONJ
ajfa-11193	168	96	current	current	ADJ
ajfa-11193	168	97	tangible	tangible	ADJ
ajfa-11193	168	98	assets	asset	NOUN
ajfa-11193	168	99	net	net	ADJ
ajfa-11193	168	100	tangible	tangible	ADJ
ajfa-11193	168	101	asset/	asset/	NUM
ajfa-11193	168	102	total	total	ADJ
ajfa-11193	168	103	asset	asset	NOUN
ajfa-11193	168	104	negative	negative	ADJ
ajfa-11193	168	105	(	(	PUNCT
ajfa-11193	168	106	-	-	PUNCT
ajfa-11193	168	107	)	)	SYM
ajfa-11193	168	108	4	4	NUM
ajfa-11193	168	109	.	.	X
ajfa-11193	169	1	data	datum	NOUN
ajfa-11193	169	2	and	and	CCONJ
ajfa-11193	169	3	methodology	methodology	NOUN
ajfa-11193	169	4	4.1	4.1	NUM
ajfa-11193	169	5	data	datum	NOUN
ajfa-11193	169	6	and	and	CCONJ
ajfa-11193	169	7	sample	sample	NOUN
ajfa-11193	169	8	selection	selection	NOUN
ajfa-11193	169	9	this	this	DET
ajfa-11193	169	10	study	study	NOUN
ajfa-11193	169	11	collects	collect	VERB
ajfa-11193	169	12	yearly	yearly	ADJ
ajfa-11193	169	13	financial	financial	ADJ
ajfa-11193	169	14	statement	statement	NOUN
ajfa-11193	169	15	,	,	PUNCT
ajfa-11193	169	16	includes	include	VERB
ajfa-11193	169	17	balance	balance	NOUN
ajfa-11193	169	18	sheet	sheet	NOUN
ajfa-11193	169	19	,	,	PUNCT
ajfa-11193	169	20	income	income	NOUN
ajfa-11193	169	21	statement	statement	NOUN
ajfa-11193	169	22	,	,	PUNCT
ajfa-11193	169	23	and	and	CCONJ
ajfa-11193	169	24	cash	cash	NOUN
ajfa-11193	169	25	flow	flow	NOUN
ajfa-11193	169	26	of	of	ADP
ajfa-11193	169	27	listed	list	VERB
ajfa-11193	169	28	property	property	NOUN
ajfa-11193	169	29	and	and	CCONJ
ajfa-11193	169	30	real	real	ADJ
ajfa-11193	169	31	estate	estate	NOUN
ajfa-11193	169	32	companies	company	NOUN
ajfa-11193	169	33	in	in	ADP
ajfa-11193	169	34	indonesia	indonesia	PROPN
ajfa-11193	169	35	stock	stock	PROPN
ajfa-11193	169	36	exchange	exchange	PROPN
ajfa-11193	169	37	(	(	PUNCT
ajfa-11193	169	38	idx	idx	PROPN
ajfa-11193	169	39	)	)	PUNCT
ajfa-11193	169	40	from	from	ADP
ajfa-11193	169	41	2010	2010	NUM
ajfa-11193	169	42	to	to	ADP
ajfa-11193	169	43	2014	2014	NUM
ajfa-11193	169	44	.	.	PUNCT
ajfa-11193	170	1	the	the	DET
ajfa-11193	170	2	financial	financial	ADJ
ajfa-11193	170	3	report	report	NOUN
ajfa-11193	170	4	was	be	AUX
ajfa-11193	170	5	obtained	obtain	VERB
ajfa-11193	170	6	from	from	ADP
ajfa-11193	170	7	the	the	DET
ajfa-11193	170	8	website	website	NOUN
ajfa-11193	170	9	of	of	ADP
ajfa-11193	170	10	idx	idx	PROPN
ajfa-11193	170	11	(	(	PUNCT
ajfa-11193	170	12	http://www.idx.co.id	http://www.idx.co.id	PROPN
ajfa-11193	170	13	)	)	PUNCT
ajfa-11193	170	14	.	.	PUNCT
ajfa-11193	171	1	there	there	PRON
ajfa-11193	171	2	are	be	VERB
ajfa-11193	171	3	60	60	NUM
ajfa-11193	171	4	listed	list	VERB
ajfa-11193	171	5	companies	company	NOUN
ajfa-11193	171	6	,	,	PUNCT
ajfa-11193	171	7	but	but	CCONJ
ajfa-11193	171	8	the	the	DET
ajfa-11193	171	9	companies	company	NOUN
ajfa-11193	171	10	with	with	ADP
ajfa-11193	171	11	unavailable	unavailable	ADJ
ajfa-11193	171	12	data	datum	NOUN
ajfa-11193	171	13	of	of	ADP
ajfa-11193	171	14	the	the	DET
ajfa-11193	171	15	year	year	NOUN
ajfa-11193	171	16	financial	financial	ADJ
ajfa-11193	171	17	report	report	NOUN
ajfa-11193	171	18	are	be	AUX
ajfa-11193	171	19	excluded	exclude	VERB
ajfa-11193	171	20	.	.	PUNCT
ajfa-11193	172	1	this	this	DET
ajfa-11193	172	2	study	study	NOUN
ajfa-11193	172	3	examined	examine	VERB
ajfa-11193	172	4	47	47	NUM
ajfa-11193	172	5	real	real	ADJ
ajfa-11193	172	6	estate	estate	NOUN
ajfa-11193	172	7	companies	company	NOUN
ajfa-11193	172	8	with	with	ADP
ajfa-11193	172	9	5	5	NUM
ajfa-11193	172	10	-	-	PUNCT
ajfa-11193	172	11	year	year	NOUN
ajfa-11193	172	12	dataset	dataset	NOUN
ajfa-11193	172	13	of	of	ADP
ajfa-11193	172	14	financial	financial	ADJ
ajfa-11193	172	15	statements	statement	NOUN
ajfa-11193	172	16	and	and	CCONJ
ajfa-11193	172	17	was	be	AUX
ajfa-11193	172	18	categorized	categorize	VERB
ajfa-11193	172	19	into	into	ADP
ajfa-11193	172	20	large	large	ADJ
ajfa-11193	172	21	,	,	PUNCT
ajfa-11193	172	22	medium	medium	ADJ
ajfa-11193	172	23	,	,	PUNCT
ajfa-11193	172	24	and	and	CCONJ
ajfa-11193	172	25	small	small	ADJ
ajfa-11193	172	26	groups	group	NOUN
ajfa-11193	172	27	of	of	ADP
ajfa-11193	172	28	companies	company	NOUN
ajfa-11193	172	29	.	.	PUNCT
ajfa-11193	173	1	the	the	DET
ajfa-11193	173	2	size	size	NOUN
ajfa-11193	173	3	is	be	AUX
ajfa-11193	173	4	classified	classify	VERB
ajfa-11193	173	5	by	by	ADP
ajfa-11193	173	6	the	the	DET
ajfa-11193	173	7	companies	company	NOUN
ajfa-11193	173	8	’	’	PART
ajfa-11193	173	9	total	total	ADJ
ajfa-11193	173	10	market	market	NOUN
ajfa-11193	173	11	capitalization	capitalization	NOUN
ajfa-11193	173	12	as	as	ADP
ajfa-11193	173	13	of	of	ADP
ajfa-11193	173	14	december	december	PROPN
ajfa-11193	173	15	2014	2014	NUM
ajfa-11193	173	16	.	.	PUNCT
ajfa-11193	174	1	this	this	DET
ajfa-11193	174	2	paper	paper	NOUN
ajfa-11193	174	3	follows	follow	VERB
ajfa-11193	174	4	the	the	DET
ajfa-11193	174	5	classification	classification	NOUN
ajfa-11193	174	6	set	set	VERB
ajfa-11193	174	7	by	by	ADP
ajfa-11193	174	8	ardiyan	ardiyan	PROPN
ajfa-11193	174	9	(	(	PUNCT
ajfa-11193	174	10	2011	2011	NUM
ajfa-11193	174	11	)	)	PUNCT
ajfa-11193	174	12	of	of	ADP
ajfa-11193	174	13	indonesian	indonesian	ADJ
ajfa-11193	174	14	firms	firm	NOUN
ajfa-11193	174	15	.	.	PUNCT
ajfa-11193	175	1	large	large	ADJ
ajfa-11193	175	2	-	-	PUNCT
ajfa-11193	175	3	scale	scale	NOUN
ajfa-11193	175	4	companies	company	NOUN
ajfa-11193	175	5	have	have	VERB
ajfa-11193	175	6	more	more	ADJ
ajfa-11193	175	7	than	than	ADP
ajfa-11193	175	8	idr	idr	VERB
ajfa-11193	175	9	5	5	NUM
ajfa-11193	175	10	trillion	trillion	NUM
ajfa-11193	175	11	(	(	PUNCT
ajfa-11193	175	12	about	about	ADP
ajfa-11193	175	13	usd	usd	NOUN
ajfa-11193	175	14	0.4	0.4	NUM
ajfa-11193	175	15	billion	billion	NUM
ajfa-11193	175	16	)	)	PUNCT
ajfa-11193	175	17	of	of	ADP
ajfa-11193	175	18	market	market	NOUN
ajfa-11193	175	19	capitalization	capitalization	NOUN
ajfa-11193	175	20	;	;	PUNCT
ajfa-11193	175	21	medium	medium	ADJ
ajfa-11193	175	22	companies	company	NOUN
ajfa-11193	175	23	have	have	AUX
ajfa-11193	175	24	idr	idr	PROPN
ajfa-11193	175	25	1	1	NUM
ajfa-11193	175	26	-	-	SYM
ajfa-11193	175	27	5	5	NUM
ajfa-11193	175	28	trillion	trillion	NUM
ajfa-11193	175	29	(	(	PUNCT
ajfa-11193	175	30	about	about	ADP
ajfa-11193	175	31	usd	usd	NOUN
ajfa-11193	175	32	0.08	0.08	NUM
ajfa-11193	175	33	0.4	0.4	NUM
ajfa-11193	175	34	asian	asian	ADJ
ajfa-11193	175	35	journal	journal	NOUN
ajfa-11193	175	36	of	of	ADP
ajfa-11193	175	37	finance	finance	PROPN
ajfa-11193	175	38	&	&	CCONJ
ajfa-11193	175	39	accounting	accounting	PROPN
ajfa-11193	175	40	issn	issn	PROPN
ajfa-11193	175	41	1946	1946	NUM
ajfa-11193	175	42	-	-	PUNCT
ajfa-11193	175	43	052x	052x	PROPN
ajfa-11193	175	44	2017	2017	NUM
ajfa-11193	175	45	,	,	PUNCT
ajfa-11193	175	46	vol	vol	NOUN
ajfa-11193	175	47	.	.	NOUN
ajfa-11193	176	1	9	9	NUM
ajfa-11193	176	2	,	,	PUNCT
ajfa-11193	176	3	no	no	INTJ
ajfa-11193	176	4	.	.	NOUN
ajfa-11193	176	5	1	1	NUM
ajfa-11193	176	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	176	7	407	407	NUM
ajfa-11193	176	8	billion	billion	NUM
ajfa-11193	176	9	)	)	PUNCT
ajfa-11193	176	10	,	,	PUNCT
ajfa-11193	176	11	and	and	CCONJ
ajfa-11193	176	12	small	small	ADJ
ajfa-11193	176	13	companies	company	NOUN
ajfa-11193	176	14	have	have	VERB
ajfa-11193	176	15	less	less	ADJ
ajfa-11193	176	16	than	than	SCONJ
ajfa-11193	176	17	idr	idr	VERB
ajfa-11193	176	18	1	1	NUM
ajfa-11193	176	19	trillion	trillion	NUM
ajfa-11193	176	20	(	(	PUNCT
ajfa-11193	176	21	about	about	ADP
ajfa-11193	176	22	usd	usd	NOUN
ajfa-11193	176	23	0.08	0.08	NUM
ajfa-11193	176	24	billion	billion	NUM
ajfa-11193	176	25	)	)	PUNCT
ajfa-11193	176	26	.	.	PUNCT
ajfa-11193	177	1	the	the	DET
ajfa-11193	177	2	complete	complete	ADJ
ajfa-11193	177	3	list	list	NOUN
ajfa-11193	177	4	of	of	ADP
ajfa-11193	177	5	companies	company	NOUN
ajfa-11193	177	6	under	under	ADP
ajfa-11193	177	7	study	study	NOUN
ajfa-11193	177	8	can	can	AUX
ajfa-11193	177	9	be	be	AUX
ajfa-11193	177	10	found	find	VERB
ajfa-11193	177	11	on	on	ADP
ajfa-11193	177	12	appendix	appendix	ADJ
ajfa-11193	177	13	tables	table	NOUN
ajfa-11193	177	14	a	a	DET
ajfa-11193	177	15	to	to	ADP
ajfa-11193	177	16	c.	c.	NOUN
ajfa-11193	177	17	table	table	NOUN
ajfa-11193	177	18	2	2	NUM
ajfa-11193	177	19	presents	present	VERB
ajfa-11193	177	20	the	the	DET
ajfa-11193	177	21	descriptive	descriptive	ADJ
ajfa-11193	177	22	statistics	statistic	NOUN
ajfa-11193	177	23	for	for	ADP
ajfa-11193	177	24	the	the	DET
ajfa-11193	177	25	variables	variable	NOUN
ajfa-11193	177	26	used	use	VERB
ajfa-11193	177	27	in	in	ADP
ajfa-11193	177	28	this	this	DET
ajfa-11193	177	29	study	study	NOUN
ajfa-11193	177	30	.	.	PUNCT
ajfa-11193	178	1	in	in	ADP
ajfa-11193	178	2	general	general	ADJ
ajfa-11193	178	3	,	,	PUNCT
ajfa-11193	178	4	the	the	DET
ajfa-11193	178	5	average	average	ADJ
ajfa-11193	178	6	roa	roa	NOUN
ajfa-11193	178	7	of	of	ADP
ajfa-11193	178	8	indonesian	indonesian	ADJ
ajfa-11193	178	9	real	real	ADJ
ajfa-11193	178	10	estate	estate	NOUN
ajfa-11193	178	11	companies	company	NOUN
ajfa-11193	178	12	is	be	AUX
ajfa-11193	178	13	6	6	NUM
ajfa-11193	178	14	%	%	NOUN
ajfa-11193	178	15	with	with	ADP
ajfa-11193	178	16	data	datum	NOUN
ajfa-11193	178	17	variations	variation	NOUN
ajfa-11193	178	18	of	of	ADP
ajfa-11193	178	19	5	5	NUM
ajfa-11193	178	20	%	%	NOUN
ajfa-11193	178	21	.	.	PUNCT
ajfa-11193	179	1	the	the	DET
ajfa-11193	179	2	average	average	ADJ
ajfa-11193	179	3	accounts	account	NOUN
ajfa-11193	179	4	receivables	receivables	NOUN
ajfa-11193	179	5	,	,	PUNCT
ajfa-11193	179	6	inventory	inventory	NOUN
ajfa-11193	179	7	,	,	PUNCT
ajfa-11193	179	8	and	and	CCONJ
ajfa-11193	179	9	account	account	NOUN
ajfa-11193	179	10	payables	payable	NOUN
ajfa-11193	179	11	conversion	conversion	NOUN
ajfa-11193	179	12	periods	period	NOUN
ajfa-11193	179	13	are	be	AUX
ajfa-11193	179	14	80.36	80.36	NUM
ajfa-11193	179	15	days	day	NOUN
ajfa-11193	179	16	,	,	PUNCT
ajfa-11193	179	17	777.54	777.54	NUM
ajfa-11193	179	18	days	day	NOUN
ajfa-11193	179	19	,	,	PUNCT
ajfa-11193	179	20	and	and	CCONJ
ajfa-11193	179	21	73.71	73.71	NUM
ajfa-11193	179	22	days	day	NOUN
ajfa-11193	179	23	,	,	PUNCT
ajfa-11193	179	24	respectively	respectively	ADV
ajfa-11193	179	25	.	.	PUNCT
ajfa-11193	180	1	for	for	ADP
ajfa-11193	180	2	company	company	NOUN
ajfa-11193	180	3	sizes	size	NOUN
ajfa-11193	180	4	,	,	PUNCT
ajfa-11193	180	5	the	the	DET
ajfa-11193	180	6	average	average	NOUN
ajfa-11193	180	7	of	of	ADP
ajfa-11193	180	8	the	the	DET
ajfa-11193	180	9	total	total	ADJ
ajfa-11193	180	10	asset	asset	NOUN
ajfa-11193	180	11	is	be	AUX
ajfa-11193	180	12	idr	idr	VERB
ajfa-11193	180	13	5.23	5.23	NUM
ajfa-11193	180	14	trillion	trillion	NUM
ajfa-11193	180	15	(	(	PUNCT
ajfa-11193	180	16	usd	usd	NOUN
ajfa-11193	180	17	396.89	396.89	NUM
ajfa-11193	180	18	million	million	NUM
ajfa-11193	180	19	)	)	PUNCT
ajfa-11193	180	20	with	with	ADP
ajfa-11193	180	21	dispersion	dispersion	NOUN
ajfa-11193	180	22	of	of	ADP
ajfa-11193	180	23	around	around	X
ajfa-11193	180	24	idr	idr	PROPN
ajfa-11193	180	25	6.12	6.12	NUM
ajfa-11193	180	26	trillion	trillion	NUM
ajfa-11193	180	27	(	(	PUNCT
ajfa-11193	180	28	usd	usd	NOUN
ajfa-11193	180	29	464.26	464.26	NUM
ajfa-11193	180	30	million	million	NUM
ajfa-11193	180	31	)	)	PUNCT
ajfa-11193	180	32	.	.	PUNCT
ajfa-11193	181	1	on	on	ADP
ajfa-11193	181	2	average	average	ADJ
ajfa-11193	181	3	,	,	PUNCT
ajfa-11193	181	4	current	current	ADJ
ajfa-11193	181	5	ratio	ratio	NOUN
ajfa-11193	181	6	of	of	ADP
ajfa-11193	181	7	all	all	DET
ajfa-11193	181	8	companies	company	NOUN
ajfa-11193	181	9	is	be	AUX
ajfa-11193	181	10	2.61	2.61	NUM
ajfa-11193	181	11	with	with	ADP
ajfa-11193	181	12	data	datum	NOUN
ajfa-11193	181	13	variations	variation	NOUN
ajfa-11193	181	14	of	of	ADP
ajfa-11193	181	15	4.65	4.65	NUM
ajfa-11193	181	16	,	,	PUNCT
ajfa-11193	181	17	and	and	CCONJ
ajfa-11193	181	18	42	42	NUM
ajfa-11193	181	19	%	%	NOUN
ajfa-11193	181	20	of	of	ADP
ajfa-11193	181	21	the	the	DET
ajfa-11193	181	22	company	company	NOUN
ajfa-11193	181	23	’s	’s	PART
ajfa-11193	181	24	assets	asset	NOUN
ajfa-11193	181	25	are	be	AUX
ajfa-11193	181	26	financed	finance	VERB
ajfa-11193	181	27	with	with	ADP
ajfa-11193	181	28	debt	debt	NOUN
ajfa-11193	181	29	with	with	ADP
ajfa-11193	181	30	a	a	DET
ajfa-11193	181	31	disparity	disparity	NOUN
ajfa-11193	181	32	of	of	ADP
ajfa-11193	181	33	around	around	ADV
ajfa-11193	181	34	19	19	NUM
ajfa-11193	181	35	%	%	NOUN
ajfa-11193	181	36	.	.	PUNCT
ajfa-11193	182	1	for	for	ADP
ajfa-11193	182	2	sales	sale	NOUN
ajfa-11193	182	3	growth	growth	NOUN
ajfa-11193	182	4	and	and	CCONJ
ajfa-11193	182	5	tangibility	tangibility	NOUN
ajfa-11193	182	6	,	,	PUNCT
ajfa-11193	182	7	the	the	DET
ajfa-11193	182	8	average	average	ADJ
ajfa-11193	182	9	values	value	NOUN
ajfa-11193	182	10	are	be	AUX
ajfa-11193	182	11	38	38	NUM
ajfa-11193	182	12	%	%	NOUN
ajfa-11193	182	13	and	and	CCONJ
ajfa-11193	182	14	31	31	NUM
ajfa-11193	182	15	%	%	NOUN
ajfa-11193	182	16	,	,	PUNCT
ajfa-11193	182	17	respectively	respectively	ADV
ajfa-11193	182	18	.	.	PUNCT
ajfa-11193	183	1	4.2	4.2	NUM
ajfa-11193	183	2	methodology	methodology	NOUN
ajfa-11193	183	3	this	this	DET
ajfa-11193	183	4	study	study	NOUN
ajfa-11193	183	5	examines	examine	VERB
ajfa-11193	183	6	8	8	NUM
ajfa-11193	183	7	firm	firm	ADJ
ajfa-11193	183	8	-	-	PUNCT
ajfa-11193	183	9	specific	specific	ADJ
ajfa-11193	183	10	factors	factor	NOUN
ajfa-11193	183	11	that	that	PRON
ajfa-11193	183	12	determine	determine	VERB
ajfa-11193	183	13	the	the	DET
ajfa-11193	183	14	profitability	profitability	NOUN
ajfa-11193	183	15	of	of	ADP
ajfa-11193	183	16	real	real	ADJ
ajfa-11193	183	17	estate	estate	NOUN
ajfa-11193	183	18	companies	company	NOUN
ajfa-11193	183	19	.	.	PUNCT
ajfa-11193	184	1	those	those	DET
ajfa-11193	184	2	factors	factor	NOUN
ajfa-11193	184	3	are	be	AUX
ajfa-11193	184	4	:	:	PUNCT
ajfa-11193	184	5	number	number	NOUN
ajfa-11193	184	6	of	of	ADP
ajfa-11193	184	7	days	day	NOUN
ajfa-11193	184	8	account	account	NOUN
ajfa-11193	184	9	receivable	receivable	ADJ
ajfa-11193	184	10	(	(	PUNCT
ajfa-11193	184	11	ar	ar	NOUN
ajfa-11193	184	12	)	)	PUNCT
ajfa-11193	184	13	,	,	PUNCT
ajfa-11193	184	14	number	number	NOUN
ajfa-11193	184	15	of	of	ADP
ajfa-11193	184	16	days	day	NOUN
ajfa-11193	184	17	inventories	inventory	NOUN
ajfa-11193	184	18	(	(	PUNCT
ajfa-11193	184	19	in	in	ADP
ajfa-11193	184	20	)	)	PUNCT
ajfa-11193	184	21	,	,	PUNCT
ajfa-11193	184	22	number	number	NOUN
ajfa-11193	184	23	of	of	ADP
ajfa-11193	184	24	days	day	NOUN
ajfa-11193	184	25	account	account	NOUN
ajfa-11193	184	26	payable	payable	ADJ
ajfa-11193	184	27	(	(	PUNCT
ajfa-11193	184	28	ap	ap	PROPN
ajfa-11193	184	29	)	)	PUNCT
ajfa-11193	184	30	or	or	CCONJ
ajfa-11193	184	31	collectively	collectively	ADV
ajfa-11193	184	32	known	know	VERB
ajfa-11193	184	33	as	as	ADP
ajfa-11193	184	34	the	the	DET
ajfa-11193	184	35	ccc	ccc	NOUN
ajfa-11193	184	36	;	;	PUNCT
ajfa-11193	184	37	size	size	NOUN
ajfa-11193	184	38	(	(	PUNCT
ajfa-11193	184	39	size	size	NOUN
ajfa-11193	184	40	)	)	PUNCT
ajfa-11193	184	41	,	,	PUNCT
ajfa-11193	184	42	current	current	ADJ
ajfa-11193	184	43	ratio	ratio	NOUN
ajfa-11193	184	44	(	(	PUNCT
ajfa-11193	184	45	cr	cr	NOUN
ajfa-11193	184	46	)	)	PUNCT
ajfa-11193	184	47	,	,	PUNCT
ajfa-11193	184	48	debt	debt	NOUN
ajfa-11193	184	49	ratio	ratio	NOUN
ajfa-11193	184	50	(	(	PUNCT
ajfa-11193	184	51	dr	dr	PROPN
ajfa-11193	184	52	)	)	PUNCT
ajfa-11193	184	53	,	,	PUNCT
ajfa-11193	184	54	sales	sale	NOUN
ajfa-11193	184	55	growth	growth	NOUN
ajfa-11193	184	56	(	(	PUNCT
ajfa-11193	184	57	sg	sg	PROPN
ajfa-11193	184	58	)	)	PUNCT
ajfa-11193	184	59	,	,	PUNCT
ajfa-11193	184	60	and	and	CCONJ
ajfa-11193	184	61	tangibility	tangibility	NOUN
ajfa-11193	184	62	(	(	PUNCT
ajfa-11193	184	63	tang	tang	PROPN
ajfa-11193	184	64	)	)	PUNCT
ajfa-11193	184	65	.	.	PUNCT
ajfa-11193	185	1	these	these	DET
ajfa-11193	185	2	variables	variable	NOUN
ajfa-11193	185	3	are	be	AUX
ajfa-11193	185	4	tested	test	VERB
ajfa-11193	185	5	against	against	ADP
ajfa-11193	185	6	return	return	NOUN
ajfa-11193	185	7	on	on	ADP
ajfa-11193	185	8	asset	asset	NOUN
ajfa-11193	185	9	(	(	PUNCT
ajfa-11193	185	10	roa	roa	PROPN
ajfa-11193	185	11	)	)	PUNCT
ajfa-11193	185	12	as	as	ADP
ajfa-11193	185	13	a	a	DET
ajfa-11193	185	14	proxy	proxy	NOUN
ajfa-11193	185	15	for	for	ADP
ajfa-11193	185	16	profitability	profitability	NOUN
ajfa-11193	185	17	,	,	PUNCT
ajfa-11193	185	18	and	and	CCONJ
ajfa-11193	185	19	the	the	DET
ajfa-11193	185	20	general	general	ADJ
ajfa-11193	185	21	null	null	ADJ
ajfa-11193	185	22	and	and	CCONJ
ajfa-11193	185	23	alternative	alternative	ADJ
ajfa-11193	185	24	hypotheses	hypothesis	NOUN
ajfa-11193	185	25	are	be	AUX
ajfa-11193	185	26	:	:	PUNCT
ajfa-11193	185	27	•	•	NUM
ajfa-11193	185	28	h0	h0	PROPN
ajfa-11193	185	29	:	:	PUNCT
ajfa-11193	185	30	independent	independent	ADJ
ajfa-11193	185	31	variables	variable	NOUN
ajfa-11193	185	32	have	have	VERB
ajfa-11193	185	33	no	no	DET
ajfa-11193	185	34	explanatory	explanatory	ADJ
ajfa-11193	185	35	power	power	NOUN
ajfa-11193	185	36	on	on	ADP
ajfa-11193	185	37	profitability	profitability	NOUN
ajfa-11193	185	38	of	of	ADP
ajfa-11193	185	39	indonesian	indonesian	ADJ
ajfa-11193	185	40	real	real	ADJ
ajfa-11193	185	41	estate	estate	NOUN
ajfa-11193	185	42	companies	company	NOUN
ajfa-11193	185	43	(	(	PUNCT
ajfa-11193	185	44	βi	βi	NOUN
ajfa-11193	185	45	=	=	SYM
ajfa-11193	185	46	0	0	NUM
ajfa-11193	185	47	)	)	PUNCT
ajfa-11193	185	48	•	•	NOUN
ajfa-11193	185	49	h1	h1	PROPN
ajfa-11193	185	50	:	:	PUNCT
ajfa-11193	185	51	independent	independent	ADJ
ajfa-11193	185	52	variables	variable	NOUN
ajfa-11193	185	53	have	have	VERB
ajfa-11193	185	54	explanatory	explanatory	ADJ
ajfa-11193	185	55	power	power	NOUN
ajfa-11193	185	56	on	on	ADP
ajfa-11193	185	57	profitability	profitability	NOUN
ajfa-11193	185	58	of	of	ADP
ajfa-11193	185	59	indonesian	indonesian	ADJ
ajfa-11193	185	60	real	real	ADJ
ajfa-11193	185	61	estate	estate	NOUN
ajfa-11193	185	62	companies	company	NOUN
ajfa-11193	185	63	(	(	PUNCT
ajfa-11193	185	64	βi	βi	PROPN
ajfa-11193	185	65	≠	≠	PROPN
ajfa-11193	185	66	0	0	NUM
ajfa-11193	185	67	)	)	PUNCT
ajfa-11193	185	68	the	the	DET
ajfa-11193	185	69	hypotheses	hypothesis	NOUN
ajfa-11193	185	70	testing	testing	NOUN
ajfa-11193	185	71	use	use	VERB
ajfa-11193	185	72	multiple	multiple	ADJ
ajfa-11193	185	73	regression	regression	NOUN
ajfa-11193	185	74	,	,	PUNCT
ajfa-11193	185	75	and	and	CCONJ
ajfa-11193	185	76	the	the	DET
ajfa-11193	185	77	estimation	estimation	NOUN
ajfa-11193	185	78	of	of	ADP
ajfa-11193	185	79	regression	regression	NOUN
ajfa-11193	185	80	model	model	NOUN
ajfa-11193	185	81	is	be	AUX
ajfa-11193	185	82	as	as	SCONJ
ajfa-11193	185	83	follows	follow	VERB
ajfa-11193	185	84	:	:	PUNCT
ajfa-11193	186	1	roai	roai	NOUN
ajfa-11193	186	2	,	,	PUNCT
ajfa-11193	186	3	t	t	PROPN
ajfa-11193	186	4	=	=	SYM
ajfa-11193	186	5	β0	β0	PROPN
ajfa-11193	187	1	+	+	CCONJ
ajfa-11193	187	2	β1ari	β1ari	NUM
ajfa-11193	187	3	,	,	PUNCT
ajfa-11193	187	4	t	t	PROPN
ajfa-11193	187	5	+	+	CCONJ
ajfa-11193	187	6	β2ini	β2ini	NUM
ajfa-11193	187	7	,	,	PUNCT
ajfa-11193	187	8	t	t	NOUN
ajfa-11193	187	9	+	+	CCONJ
ajfa-11193	187	10	β3api	β3api	NUM
ajfa-11193	187	11	,	,	PUNCT
ajfa-11193	187	12	t	t	NOUN
ajfa-11193	187	13	+	+	CCONJ
ajfa-11193	187	14	β4sizei	β4sizei	NUM
ajfa-11193	187	15	,	,	PUNCT
ajfa-11193	187	16	t	t	PROPN
ajfa-11193	187	17	+	+	X
ajfa-11193	187	18	β5cri	β5cri	PROPN
ajfa-11193	187	19	,	,	PUNCT
ajfa-11193	187	20	t	t	NOUN
ajfa-11193	187	21	+	+	CCONJ
ajfa-11193	187	22	β6dri	β6dri	NUM
ajfa-11193	187	23	,	,	PUNCT
ajfa-11193	187	24	t	t	PROPN
ajfa-11193	187	25	+	+	NUM
ajfa-11193	187	26	β7sgi	β7sgi	NUM
ajfa-11193	187	27	,	,	PUNCT
ajfa-11193	187	28	t	t	PROPN
ajfa-11193	187	29	+	+	CCONJ
ajfa-11193	187	30	β8tangi	β8tangi	PROPN
ajfa-11193	187	31	,	,	PUNCT
ajfa-11193	187	32	t	t	PROPN
ajfa-11193	187	33	+	+	CCONJ
ajfa-11193	187	34	εi	εi	VERB
ajfa-11193	187	35	,	,	PUNCT
ajfa-11193	187	36	t	t	NOUN
ajfa-11193	187	37	the	the	DET
ajfa-11193	187	38	results	result	NOUN
ajfa-11193	187	39	on	on	ADP
ajfa-11193	187	40	the	the	DET
ajfa-11193	187	41	coefficients	coefficient	NOUN
ajfa-11193	187	42	from	from	ADP
ajfa-11193	187	43	the	the	DET
ajfa-11193	187	44	regression	regression	NOUN
ajfa-11193	187	45	are	be	AUX
ajfa-11193	187	46	expected	expect	VERB
ajfa-11193	187	47	to	to	PART
ajfa-11193	187	48	show	show	VERB
ajfa-11193	187	49	whether	whether	SCONJ
ajfa-11193	187	50	a	a	DET
ajfa-11193	187	51	positive	positive	ADJ
ajfa-11193	187	52	or	or	CCONJ
ajfa-11193	187	53	negative	negative	ADJ
ajfa-11193	187	54	relationship	relationship	NOUN
ajfa-11193	187	55	exist	exist	VERB
ajfa-11193	187	56	between	between	ADP
ajfa-11193	187	57	the	the	DET
ajfa-11193	187	58	independent	independent	ADJ
ajfa-11193	187	59	and	and	CCONJ
ajfa-11193	187	60	dependent	dependent	ADJ
ajfa-11193	187	61	variables	variable	NOUN
ajfa-11193	187	62	.	.	PUNCT
ajfa-11193	188	1	furthermore	furthermore	ADV
ajfa-11193	188	2	,	,	PUNCT
ajfa-11193	188	3	the	the	DET
ajfa-11193	188	4	significance	significance	NOUN
ajfa-11193	188	5	of	of	ADP
ajfa-11193	188	6	the	the	DET
ajfa-11193	188	7	coefficients	coefficient	NOUN
ajfa-11193	188	8	will	will	AUX
ajfa-11193	188	9	be	be	AUX
ajfa-11193	188	10	analyzed	analyze	VERB
ajfa-11193	188	11	by	by	ADP
ajfa-11193	188	12	comparing	compare	VERB
ajfa-11193	188	13	the	the	DET
ajfa-11193	188	14	p	p	ADJ
ajfa-11193	188	15	values	value	NOUN
ajfa-11193	188	16	with	with	ADP
ajfa-11193	188	17	α	α	NOUN
ajfa-11193	188	18	=	=	SYM
ajfa-11193	188	19	10	10	NUM
ajfa-11193	188	20	%	%	NOUN
ajfa-11193	188	21	,	,	PUNCT
ajfa-11193	188	22	5	5	NUM
ajfa-11193	188	23	%	%	NOUN
ajfa-11193	188	24	,	,	PUNCT
ajfa-11193	188	25	and	and	CCONJ
ajfa-11193	188	26	1	1	NUM
ajfa-11193	188	27	%	%	NOUN
ajfa-11193	188	28	levels	level	NOUN
ajfa-11193	188	29	of	of	ADP
ajfa-11193	188	30	significance	significance	NOUN
ajfa-11193	188	31	.	.	PUNCT
ajfa-11193	189	1	asian	asian	ADJ
ajfa-11193	189	2	journal	journal	PROPN
ajfa-11193	189	3	of	of	ADP
ajfa-11193	189	4	finance	finance	PROPN
ajfa-11193	189	5	&	&	CCONJ
ajfa-11193	189	6	accounting	accounting	PROPN
ajfa-11193	189	7	issn	issn	PROPN
ajfa-11193	189	8	1946	1946	NUM
ajfa-11193	189	9	-	-	PUNCT
ajfa-11193	189	10	052x	052x	PROPN
ajfa-11193	189	11	2017	2017	NUM
ajfa-11193	189	12	,	,	PUNCT
ajfa-11193	189	13	vol	vol	NOUN
ajfa-11193	189	14	.	.	NOUN
ajfa-11193	189	15	9	9	NUM
ajfa-11193	189	16	,	,	PUNCT
ajfa-11193	189	17	no	no	INTJ
ajfa-11193	189	18	.	.	NOUN
ajfa-11193	189	19	1	1	NUM
ajfa-11193	189	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	189	21	408	408	NUM
ajfa-11193	189	22	table	table	NOUN
ajfa-11193	189	23	2	2	NUM
ajfa-11193	189	24	.	.	PUNCT
ajfa-11193	190	1	summary	summary	NOUN
ajfa-11193	190	2	statistics	statistic	NOUN
ajfa-11193	190	3	*	*	NOUN
ajfa-11193	190	4	size	size	NOUN
ajfa-11193	190	5	is	be	AUX
ajfa-11193	190	6	in	in	ADP
ajfa-11193	190	7	billion	billion	NUM
ajfa-11193	190	8	of	of	ADP
ajfa-11193	190	9	rupiah	rupiah	NOUN
ajfa-11193	190	10	variables	variable	NOUN
ajfa-11193	190	11	used	use	VERB
ajfa-11193	190	12	will	will	AUX
ajfa-11193	190	13	be	be	AUX
ajfa-11193	190	14	initially	initially	ADV
ajfa-11193	190	15	checked	check	VERB
ajfa-11193	190	16	using	use	VERB
ajfa-11193	190	17	the	the	DET
ajfa-11193	190	18	multicollinearity	multicollinearity	NOUN
ajfa-11193	190	19	test	test	NOUN
ajfa-11193	190	20	to	to	PART
ajfa-11193	190	21	check	check	VERB
ajfa-11193	190	22	whether	whether	SCONJ
ajfa-11193	190	23	two	two	NUM
ajfa-11193	190	24	or	or	CCONJ
ajfa-11193	190	25	more	more	ADJ
ajfa-11193	190	26	explanatory	explanatory	ADJ
ajfa-11193	190	27	variables	variable	NOUN
ajfa-11193	190	28	are	be	AUX
ajfa-11193	190	29	highly	highly	ADV
ajfa-11193	190	30	linearly	linearly	ADV
ajfa-11193	190	31	related	relate	VERB
ajfa-11193	190	32	.	.	PUNCT
ajfa-11193	191	1	multicollinearity	multicollinearity	NOUN
ajfa-11193	191	2	problem	problem	NOUN
ajfa-11193	191	3	exist	exist	VERB
ajfa-11193	191	4	if	if	SCONJ
ajfa-11193	191	5	the	the	DET
ajfa-11193	191	6	coefficient	coefficient	NOUN
ajfa-11193	191	7	from	from	ADP
ajfa-11193	191	8	the	the	DET
ajfa-11193	191	9	pearson	pearson	NOUN
ajfa-11193	191	10	correlation	correlation	NOUN
ajfa-11193	191	11	matrix	matrix	NOUN
ajfa-11193	191	12	is	be	AUX
ajfa-11193	191	13	higher	high	ADJ
ajfa-11193	191	14	than	than	ADP
ajfa-11193	191	15	0.8	0.8	NUM
ajfa-11193	191	16	.	.	PUNCT
ajfa-11193	192	1	in	in	ADP
ajfa-11193	192	2	addition	addition	NOUN
ajfa-11193	192	3	,	,	PUNCT
ajfa-11193	192	4	heteroscedasticity	heteroscedasticity	NOUN
ajfa-11193	192	5	test	test	NOUN
ajfa-11193	192	6	is	be	AUX
ajfa-11193	192	7	important	important	ADJ
ajfa-11193	192	8	to	to	PART
ajfa-11193	192	9	check	check	VERB
ajfa-11193	192	10	possible	possible	ADJ
ajfa-11193	192	11	disturbance	disturbance	NOUN
ajfa-11193	192	12	in	in	ADP
ajfa-11193	192	13	the	the	DET
ajfa-11193	192	14	variance	variance	NOUN
ajfa-11193	192	15	.	.	PUNCT
ajfa-11193	193	1	to	to	PART
ajfa-11193	193	2	detect	detect	VERB
ajfa-11193	193	3	heteroscedasticity	heteroscedasticity	NOUN
ajfa-11193	193	4	,	,	PUNCT
ajfa-11193	193	5	white	white	PROPN
ajfa-11193	193	6	’s	’s	PART
ajfa-11193	193	7	general	general	ADJ
ajfa-11193	193	8	test	test	NOUN
ajfa-11193	193	9	will	will	AUX
ajfa-11193	193	10	be	be	AUX
ajfa-11193	193	11	applied	apply	VERB
ajfa-11193	193	12	.	.	PUNCT
ajfa-11193	194	1	if	if	SCONJ
ajfa-11193	194	2	the	the	DET
ajfa-11193	194	3	p	p	PROPN
ajfa-11193	194	4	value	value	NOUN
ajfa-11193	194	5	of	of	ADP
ajfa-11193	194	6	the	the	DET
ajfa-11193	194	7	computed	computed	ADJ
ajfa-11193	194	8	chi	chi	ADJ
ajfa-11193	194	9	-	-	PUNCT
ajfa-11193	194	10	square	square	ADJ
ajfa-11193	194	11	value	value	NOUN
ajfa-11193	194	12	is	be	AUX
ajfa-11193	194	13	low	low	ADJ
ajfa-11193	194	14	,	,	PUNCT
ajfa-11193	194	15	it	it	PRON
ajfa-11193	194	16	means	mean	VERB
ajfa-11193	194	17	that	that	SCONJ
ajfa-11193	194	18	there	there	PRON
ajfa-11193	194	19	is	be	VERB
ajfa-11193	194	20	heteroscedasticity	heteroscedasticity	NOUN
ajfa-11193	194	21	.	.	PUNCT
ajfa-11193	195	1	on	on	ADP
ajfa-11193	195	2	the	the	DET
ajfa-11193	195	3	other	other	ADJ
ajfa-11193	195	4	hand	hand	NOUN
ajfa-11193	195	5	,	,	PUNCT
ajfa-11193	195	6	if	if	SCONJ
ajfa-11193	195	7	the	the	DET
ajfa-11193	195	8	p	p	NOUN
ajfa-11193	195	9	value	value	NOUN
ajfa-11193	195	10	is	be	AUX
ajfa-11193	195	11	large	large	ADJ
ajfa-11193	195	12	(	(	PUNCT
ajfa-11193	195	13	i.e.	i.e.	X
ajfa-11193	195	14	,	,	PUNCT
ajfa-11193	195	15	above	above	ADP
ajfa-11193	195	16	10	10	NUM
ajfa-11193	195	17	%	%	NOUN
ajfa-11193	195	18	)	)	PUNCT
ajfa-11193	195	19	,	,	PUNCT
ajfa-11193	195	20	it	it	PRON
ajfa-11193	195	21	means	mean	VERB
ajfa-11193	195	22	that	that	SCONJ
ajfa-11193	195	23	heteroscedasticity	heteroscedasticity	NOUN
ajfa-11193	195	24	does	do	AUX
ajfa-11193	195	25	not	not	PART
ajfa-11193	195	26	exist	exist	VERB
ajfa-11193	195	27	.	.	PUNCT
ajfa-11193	196	1	this	this	DET
ajfa-11193	196	2	research	research	NOUN
ajfa-11193	196	3	will	will	AUX
ajfa-11193	196	4	then	then	ADV
ajfa-11193	196	5	run	run	VERB
ajfa-11193	196	6	two	two	NUM
ajfa-11193	196	7	classes	class	NOUN
ajfa-11193	196	8	of	of	ADP
ajfa-11193	196	9	estimator	estimator	NOUN
ajfa-11193	196	10	approaches	approach	NOUN
ajfa-11193	196	11	to	to	PART
ajfa-11193	196	12	determine	determine	VERB
ajfa-11193	196	13	which	which	DET
ajfa-11193	196	14	model	model	NOUN
ajfa-11193	196	15	fits	fit	VERB
ajfa-11193	196	16	the	the	DET
ajfa-11193	196	17	panel	panel	NOUN
ajfa-11193	196	18	data	datum	NOUN
ajfa-11193	196	19	.	.	PUNCT
ajfa-11193	197	1	first	first	ADV
ajfa-11193	197	2	,	,	PUNCT
ajfa-11193	197	3	the	the	DET
ajfa-11193	197	4	correlation	correlation	NOUN
ajfa-11193	197	5	between	between	ADP
ajfa-11193	197	6	error	error	NOUN
ajfa-11193	197	7	term	term	NOUN
ajfa-11193	197	8	and	and	CCONJ
ajfa-11193	197	9	variables	variable	NOUN
ajfa-11193	197	10	is	be	AUX
ajfa-11193	197	11	assumed	assume	VERB
ajfa-11193	197	12	with	with	ADP
ajfa-11193	197	13	the	the	DET
ajfa-11193	197	14	fixed	fix	VERB
ajfa-11193	197	15	effects	effect	NOUN
ajfa-11193	197	16	model	model	NOUN
ajfa-11193	197	17	and	and	CCONJ
ajfa-11193	197	18	then	then	ADV
ajfa-11193	197	19	terminates	terminate	VERB
ajfa-11193	197	20	the	the	DET
ajfa-11193	197	21	specific	specific	ADJ
ajfa-11193	197	22	effect	effect	NOUN
ajfa-11193	197	23	of	of	ADP
ajfa-11193	197	24	time	time	NOUN
ajfa-11193	197	25	-	-	PUNCT
ajfa-11193	197	26	invariant	invariant	ADJ
ajfa-11193	197	27	features	feature	NOUN
ajfa-11193	197	28	.	.	PUNCT
ajfa-11193	198	1	it	it	PRON
ajfa-11193	198	2	aims	aim	VERB
ajfa-11193	198	3	to	to	PART
ajfa-11193	198	4	assign	assign	VERB
ajfa-11193	198	5	the	the	DET
ajfa-11193	198	6	net	net	ADJ
ajfa-11193	198	7	effect	effect	NOUN
ajfa-11193	198	8	of	of	ADP
ajfa-11193	198	9	the	the	DET
ajfa-11193	198	10	explanatory	explanatory	ADJ
ajfa-11193	198	11	variables	variable	NOUN
ajfa-11193	198	12	,	,	PUNCT
ajfa-11193	198	13	and	and	CCONJ
ajfa-11193	198	14	also	also	ADV
ajfa-11193	198	15	to	to	PART
ajfa-11193	198	16	discover	discover	VERB
ajfa-11193	198	17	the	the	DET
ajfa-11193	198	18	uniqueness	uniqueness	NOUN
ajfa-11193	198	19	of	of	ADP
ajfa-11193	198	20	these	these	DET
ajfa-11193	198	21	features	feature	NOUN
ajfa-11193	198	22	without	without	ADP
ajfa-11193	198	23	correlating	correlate	VERB
ajfa-11193	198	24	them	they	PRON
ajfa-11193	198	25	with	with	ADP
ajfa-11193	198	26	other	other	ADJ
ajfa-11193	198	27	individual	individual	ADJ
ajfa-11193	198	28	characteristics	characteristic	NOUN
ajfa-11193	198	29	.	.	PUNCT
ajfa-11193	199	1	the	the	DET
ajfa-11193	199	2	equation	equation	NOUN
ajfa-11193	199	3	for	for	ADP
ajfa-11193	199	4	the	the	DET
ajfa-11193	199	5	fixed	fix	VERB
ajfa-11193	199	6	effect	effect	NOUN
ajfa-11193	199	7	model	model	NOUN
ajfa-11193	199	8	is	be	AUX
ajfa-11193	199	9	:	:	PUNCT
ajfa-11193	199	10	yit	yit	PROPN
ajfa-11193	199	11	=	=	SYM
ajfa-11193	199	12	αi	αi	NOUN
ajfa-11193	200	1	+	+	CCONJ
ajfa-11193	200	2	β1ari	β1ari	PROPN
ajfa-11193	200	3	,	,	PUNCT
ajfa-11193	200	4	t	t	PROPN
ajfa-11193	200	5	+	+	CCONJ
ajfa-11193	200	6	β2ini	β2ini	NUM
ajfa-11193	200	7	,	,	PUNCT
ajfa-11193	200	8	t	t	NOUN
ajfa-11193	200	9	+	+	CCONJ
ajfa-11193	200	10	β3api	β3api	NUM
ajfa-11193	200	11	,	,	PUNCT
ajfa-11193	200	12	t	t	NOUN
ajfa-11193	200	13	+	+	CCONJ
ajfa-11193	200	14	β4sizei	β4sizei	NUM
ajfa-11193	200	15	,	,	PUNCT
ajfa-11193	200	16	t	t	PROPN
ajfa-11193	200	17	+	+	X
ajfa-11193	200	18	β5cri	β5cri	PROPN
ajfa-11193	200	19	,	,	PUNCT
ajfa-11193	200	20	t	t	NOUN
ajfa-11193	200	21	+	+	CCONJ
ajfa-11193	200	22	β6dri	β6dri	NUM
ajfa-11193	200	23	,	,	PUNCT
ajfa-11193	200	24	t	t	PROPN
ajfa-11193	200	25	+	+	NUM
ajfa-11193	200	26	β7sgi	β7sgi	NUM
ajfa-11193	200	27	,	,	PUNCT
ajfa-11193	200	28	t	t	PROPN
ajfa-11193	200	29	+	+	CCONJ
ajfa-11193	200	30	β8tangi	β8tangi	PROPN
ajfa-11193	200	31	,	,	PUNCT
ajfa-11193	200	32	t	t	PROPN
ajfa-11193	200	33	+	+	CCONJ
ajfa-11193	200	34	uit	uit	PROPN
ajfa-11193	200	35	category	category	PROPN
ajfa-11193	200	36	roa	roa	PROPN
ajfa-11193	200	37	ar	ar	PROPN
ajfa-11193	200	38	in	in	ADP
ajfa-11193	200	39	ap	ap	PROPN
ajfa-11193	200	40	size	size	PROPN
ajfa-11193	200	41	*	*	PROPN
ajfa-11193	200	42	cr	cr	PROPN
ajfa-11193	200	43	dr	dr	PROPN
ajfa-11193	200	44	sg	sg	PROPN
ajfa-11193	200	45	tang	tang	PROPN
ajfa-11193	200	46	a	a	DET
ajfa-11193	200	47	llsiz	llsiz	NOUN
ajfa-11193	200	48	e	e	NOUN
ajfa-11193	200	49	mean	mean	VERB
ajfa-11193	200	50	0.06	0.06	NUM
ajfa-11193	200	51	80.36	80.36	NUM
ajfa-11193	200	52	777.54	777.54	NUM
ajfa-11193	200	53	73.71	73.71	NUM
ajfa-11193	200	54	5,230.96	5,230.96	NUM
ajfa-11193	200	55	2.61	2.61	NUM
ajfa-11193	200	56	0.42	0.42	NUM
ajfa-11193	200	57	0.38	0.38	NUM
ajfa-11193	200	58	0.31	0.31	NUM
ajfa-11193	200	59	median	median	NOUN
ajfa-11193	200	60	0.05	0.05	NUM
ajfa-11193	200	61	38.60	38.60	NUM
ajfa-11193	200	62	498.89	498.89	NUM
ajfa-11193	200	63	43.35	43.35	NUM
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ajfa-11193	200	66	0.43	0.43	NUM
ajfa-11193	200	67	0.21	0.21	NUM
ajfa-11193	200	68	0.26	0.26	NUM
ajfa-11193	200	69	std	std	NOUN
ajfa-11193	200	70	.	.	PUNCT
ajfa-11193	201	1	dev	dev	PROPN
ajfa-11193	201	2	.	.	PROPN
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ajfa-11193	202	5	6,118.93	6,118.93	NUM
ajfa-11193	202	6	4.65	4.65	NUM
ajfa-11193	202	7	0.19	0.19	NUM
ajfa-11193	202	8	1.06	1.06	NUM
ajfa-11193	202	9	0.19	0.19	NUM
ajfa-11193	202	10	min	min	NOUN
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ajfa-11193	202	12	0.00	0.00	NUM
ajfa-11193	202	13	0.00	0.00	NUM
ajfa-11193	202	14	0.00	0.00	NUM
ajfa-11193	202	15	2.23	2.23	NUM
ajfa-11193	202	16	0.19	0.19	NUM
ajfa-11193	202	17	0.02	0.02	NUM
ajfa-11193	202	18	-1.00	-1.00	NUM
ajfa-11193	202	19	0.03	0.03	NUM
ajfa-11193	202	20	max	max	PROPN
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ajfa-11193	202	25	37,761.22	37,761.22	NOUN
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ajfa-11193	202	28	11.97	11.97	NUM
ajfa-11193	202	29	0.85	0.85	NUM
ajfa-11193	202	30	la	la	X
ajfa-11193	202	31	rg	rg	PROPN
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ajfa-11193	202	33	e	e	PROPN
ajfa-11193	202	34	mean	mean	VERB
ajfa-11193	202	35	0.07	0.07	NUM
ajfa-11193	202	36	42.83	42.83	NUM
ajfa-11193	202	37	596.38	596.38	NUM
ajfa-11193	202	38	69.24	69.24	NUM
ajfa-11193	202	39	8,339.83	8,339.83	NUM
ajfa-11193	202	40	1.92	1.92	NUM
ajfa-11193	202	41	0.48	0.48	NUM
ajfa-11193	202	42	0.37	0.37	NUM
ajfa-11193	202	43	0.29	0.29	NUM
ajfa-11193	202	44	median	median	NOUN
ajfa-11193	202	45	0.06	0.06	NUM
ajfa-11193	202	46	31.36	31.36	NUM
ajfa-11193	202	47	406.12	406.12	NUM
ajfa-11193	202	48	41.27	41.27	NUM
ajfa-11193	202	49	6,102.35	6,102.35	NUM
ajfa-11193	202	50	1.40	1.40	NUM
ajfa-11193	202	51	0.50	0.50	NUM
ajfa-11193	202	52	0.26	0.26	NUM
ajfa-11193	202	53	0.24	0.24	NUM
ajfa-11193	202	54	std	std	NOUN
ajfa-11193	202	55	.	.	PUNCT
ajfa-11193	203	1	dev	dev	PROPN
ajfa-11193	203	2	.	.	PROPN
ajfa-11193	203	3	0.05	0.05	NUM
ajfa-11193	203	4	49.35	49.35	NUM
ajfa-11193	203	5	789.50	789.50	NUM
ajfa-11193	203	6	79.65	79.65	NUM
ajfa-11193	203	7	6,546.34	6,546.34	NUM
ajfa-11193	203	8	1.43	1.43	NUM
ajfa-11193	203	9	0.19	0.19	NUM
ajfa-11193	203	10	0.55	0.55	NUM
ajfa-11193	203	11	0.16	0.16	NUM
ajfa-11193	203	12	min	min	NOUN
ajfa-11193	203	13	0.00	0.00	NUM
ajfa-11193	203	14	2.11	2.11	NUM
ajfa-11193	203	15	0.00	0.00	NUM
ajfa-11193	203	16	0.00	0.00	NUM
ajfa-11193	203	17	1,187.41	1,187.41	NUM
ajfa-11193	203	18	0.39	0.39	NUM
ajfa-11193	203	19	0.07	0.07	NUM
ajfa-11193	203	20	-0.65	-0.65	NUM
ajfa-11193	203	21	0.04	0.04	NUM
ajfa-11193	203	22	max	max	NOUN
ajfa-11193	203	23	0.32	0.32	NUM
ajfa-11193	203	24	420.31	420.31	NUM
ajfa-11193	203	25	6,499.60	6,499.60	NUM
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ajfa-11193	203	27	37,761.22	37,761.22	NOUN
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ajfa-11193	203	30	4.05	4.05	NUM
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ajfa-11193	203	32	m	m	NOUN
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ajfa-11193	203	35	m	m	PROPN
ajfa-11193	203	36	-s	-s	INTJ
ajfa-11193	203	37	iz	iz	INTJ
ajfa-11193	203	38	e	e	NOUN
ajfa-11193	203	39	mean	mean	VERB
ajfa-11193	203	40	0.05	0.05	NUM
ajfa-11193	203	41	82.18	82.18	NUM
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ajfa-11193	203	46	0.36	0.36	NUM
ajfa-11193	203	47	0.45	0.45	NUM
ajfa-11193	203	48	0.35	0.35	NUM
ajfa-11193	203	49	median	median	NOUN
ajfa-11193	203	50	0.04	0.04	NUM
ajfa-11193	203	51	53.38	53.38	NUM
ajfa-11193	203	52	499.84	499.84	NUM
ajfa-11193	203	53	54.56	54.56	NUM
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ajfa-11193	203	58	0.26	0.26	NUM
ajfa-11193	203	59	std	std	NOUN
ajfa-11193	203	60	.	.	PUNCT
ajfa-11193	204	1	dev	dev	PROPN
ajfa-11193	204	2	.	.	PROPN
ajfa-11193	205	1	0.05	0.05	NUM
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ajfa-11193	205	9	0.23	0.23	NUM
ajfa-11193	205	10	min	min	NOUN
ajfa-11193	205	11	-0.08	-0.08	NUM
ajfa-11193	205	12	0.00	0.00	NUM
ajfa-11193	205	13	0.00	0.00	NUM
ajfa-11193	205	14	8.25	8.25	NUM
ajfa-11193	205	15	2.23	2.23	NUM
ajfa-11193	205	16	0.24	0.24	NUM
ajfa-11193	205	17	0.02	0.02	NUM
ajfa-11193	205	18	-1.00	-1.00	NUM
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ajfa-11193	205	20	max	max	NOUN
ajfa-11193	205	21	0.20	0.20	NUM
ajfa-11193	205	22	311.85	311.85	NUM
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ajfa-11193	205	25	17,707.95	17,707.95	NUM
ajfa-11193	205	26	59.71	59.71	NUM
ajfa-11193	205	27	0.71	0.71	NUM
ajfa-11193	205	28	11.97	11.97	NUM
ajfa-11193	205	29	0.85	0.85	NUM
ajfa-11193	205	30	sm	sm	PROPN
ajfa-11193	205	31	al	al	PROPN
ajfa-11193	205	32	l	l	PROPN
ajfa-11193	205	33	-	-	PROPN
ajfa-11193	205	34	s	s	X
ajfa-11193	205	35	iz	iz	AUX
ajfa-11193	205	36	e	e	NOUN
ajfa-11193	205	37	mean	mean	NOUN
ajfa-11193	205	38	0.03	0.03	NUM
ajfa-11193	205	39	153.75	153.75	NUM
ajfa-11193	205	40	869.50	869.50	NUM
ajfa-11193	205	41	79.95	79.95	NUM
ajfa-11193	205	42	816.91	816.91	NUM
ajfa-11193	205	43	2.72	2.72	NUM
ajfa-11193	205	44	0.36	0.36	NUM
ajfa-11193	205	45	0.31	0.31	NUM
ajfa-11193	205	46	0.32	0.32	NUM
ajfa-11193	205	47	median	median	NOUN
ajfa-11193	205	48	0.03	0.03	NUM
ajfa-11193	205	49	38.68	38.68	NUM
ajfa-11193	205	50	657.88	657.88	NUM
ajfa-11193	205	51	37.11	37.11	NUM
ajfa-11193	205	52	612.94	612.94	NUM
ajfa-11193	205	53	1.76	1.76	NUM
ajfa-11193	205	54	0.33	0.33	NUM
ajfa-11193	205	55	0.05	0.05	NUM
ajfa-11193	205	56	0.28	0.28	NUM
ajfa-11193	205	57	std	std	NOUN
ajfa-11193	205	58	.	.	PUNCT
ajfa-11193	206	1	dev	dev	PROPN
ajfa-11193	206	2	.	.	PROPN
ajfa-11193	207	1	0.06	0.06	NUM
ajfa-11193	208	1	321.13	321.13	NUM
ajfa-11193	208	2	996.82	996.82	NUM
ajfa-11193	208	3	138.15	138.15	NUM
ajfa-11193	208	4	772.43	772.43	NUM
ajfa-11193	208	5	3.07	3.07	NUM
ajfa-11193	208	6	0.16	0.16	NUM
ajfa-11193	208	7	1.15	1.15	NUM
ajfa-11193	208	8	0.19	0.19	NUM
ajfa-11193	208	9	min	min	NOUN
ajfa-11193	208	10	-0.10	-0.10	NUM
ajfa-11193	208	11	0.00	0.00	NUM
ajfa-11193	208	12	0.00	0.00	NUM
ajfa-11193	208	13	0.00	0.00	NUM
ajfa-11193	208	14	92.33	92.33	NUM
ajfa-11193	208	15	0.19	0.19	NUM
ajfa-11193	208	16	0.07	0.07	NUM
ajfa-11193	208	17	-0.60	-0.60	NUM
ajfa-11193	208	18	0.03	0.03	NUM
ajfa-11193	208	19	max	max	NOUN
ajfa-11193	208	20	0.19	0.19	NUM
ajfa-11193	208	21	1,544.44	1,544.44	NUM
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ajfa-11193	208	23	816.78	816.78	NUM
ajfa-11193	208	24	3,156.29	3,156.29	NUM
ajfa-11193	208	25	18.99	18.99	NUM
ajfa-11193	208	26	0.74	0.74	NUM
ajfa-11193	208	27	8.43	8.43	NUM
ajfa-11193	208	28	0.76	0.76	NUM
ajfa-11193	208	29	asian	asian	ADJ
ajfa-11193	208	30	journal	journal	NOUN
ajfa-11193	208	31	of	of	ADP
ajfa-11193	208	32	finance	finance	PROPN
ajfa-11193	208	33	&	&	CCONJ
ajfa-11193	208	34	accounting	accounting	PROPN
ajfa-11193	208	35	issn	issn	PROPN
ajfa-11193	208	36	1946	1946	NUM
ajfa-11193	208	37	-	-	PUNCT
ajfa-11193	208	38	052x	052x	PROPN
ajfa-11193	208	39	2017	2017	NUM
ajfa-11193	208	40	,	,	PUNCT
ajfa-11193	208	41	vol	vol	NOUN
ajfa-11193	208	42	.	.	NOUN
ajfa-11193	208	43	9	9	NUM
ajfa-11193	208	44	,	,	PUNCT
ajfa-11193	208	45	no	no	INTJ
ajfa-11193	208	46	.	.	NOUN
ajfa-11193	208	47	1	1	NUM
ajfa-11193	208	48	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	208	49	409	409	NUM
ajfa-11193	208	50	as	as	ADP
ajfa-11193	208	51	αi	αi	PRON
ajfa-11193	208	52	is	be	AUX
ajfa-11193	208	53	the	the	DET
ajfa-11193	208	54	unknown	unknown	ADJ
ajfa-11193	208	55	intercept	intercept	NOUN
ajfa-11193	208	56	for	for	ADP
ajfa-11193	208	57	each	each	DET
ajfa-11193	208	58	entity	entity	NOUN
ajfa-11193	208	59	and	and	CCONJ
ajfa-11193	208	60	uit	uit	NOUN
ajfa-11193	208	61	is	be	AUX
ajfa-11193	208	62	the	the	DET
ajfa-11193	208	63	error	error	NOUN
ajfa-11193	208	64	term	term	NOUN
ajfa-11193	208	65	.	.	PUNCT
ajfa-11193	209	1	second	second	ADJ
ajfa-11193	209	2	,	,	PUNCT
ajfa-11193	209	3	the	the	DET
ajfa-11193	209	4	random	random	ADJ
ajfa-11193	209	5	effects	effect	NOUN
ajfa-11193	209	6	model	model	NOUN
ajfa-11193	209	7	assumes	assume	VERB
ajfa-11193	209	8	that	that	SCONJ
ajfa-11193	209	9	the	the	DET
ajfa-11193	209	10	variations	variation	NOUN
ajfa-11193	209	11	across	across	ADP
ajfa-11193	209	12	the	the	DET
ajfa-11193	209	13	entities	entity	NOUN
ajfa-11193	209	14	are	be	AUX
ajfa-11193	209	15	random	random	ADJ
ajfa-11193	209	16	and	and	CCONJ
ajfa-11193	209	17	uncorrelated	uncorrelate	VERB
ajfa-11193	209	18	with	with	ADP
ajfa-11193	209	19	the	the	DET
ajfa-11193	209	20	explanatory	explanatory	ADJ
ajfa-11193	209	21	variables	variable	NOUN
ajfa-11193	209	22	.	.	PUNCT
ajfa-11193	210	1	this	this	DET
ajfa-11193	210	2	model	model	NOUN
ajfa-11193	210	3	also	also	ADV
ajfa-11193	210	4	considers	consider	VERB
ajfa-11193	210	5	the	the	DET
ajfa-11193	210	6	inclusion	inclusion	NOUN
ajfa-11193	210	7	of	of	ADP
ajfa-11193	210	8	the	the	DET
ajfa-11193	210	9	time	time	NOUN
ajfa-11193	210	10	-	-	PUNCT
ajfa-11193	210	11	invariant	invariant	ADJ
ajfa-11193	210	12	variables	variable	NOUN
ajfa-11193	210	13	.	.	PUNCT
ajfa-11193	211	1	the	the	DET
ajfa-11193	211	2	equation	equation	NOUN
ajfa-11193	211	3	for	for	ADP
ajfa-11193	211	4	the	the	DET
ajfa-11193	211	5	random	random	ADJ
ajfa-11193	211	6	effect	effect	NOUN
ajfa-11193	211	7	model	model	NOUN
ajfa-11193	211	8	is	be	AUX
ajfa-11193	211	9	:	:	PUNCT
ajfa-11193	211	10	yi	yi	PROPN
ajfa-11193	211	11	,	,	PUNCT
ajfa-11193	211	12	t	t	PROPN
ajfa-11193	211	13	=	=	PUNCT
ajfa-11193	211	14	αi	αi	NOUN
ajfa-11193	211	15	+	+	CCONJ
ajfa-11193	212	1	β1ari	β1ari	PROPN
ajfa-11193	212	2	,	,	PUNCT
ajfa-11193	212	3	t	t	PROPN
ajfa-11193	212	4	+	+	CCONJ
ajfa-11193	212	5	β2ini	β2ini	NUM
ajfa-11193	212	6	,	,	PUNCT
ajfa-11193	212	7	t	t	NOUN
ajfa-11193	212	8	+	+	CCONJ
ajfa-11193	212	9	β3api	β3api	NUM
ajfa-11193	212	10	,	,	PUNCT
ajfa-11193	212	11	t	t	NOUN
ajfa-11193	212	12	+	+	CCONJ
ajfa-11193	212	13	β4sizei	β4sizei	NUM
ajfa-11193	212	14	,	,	PUNCT
ajfa-11193	212	15	t	t	PROPN
ajfa-11193	212	16	+	+	X
ajfa-11193	212	17	β5cri	β5cri	PROPN
ajfa-11193	212	18	,	,	PUNCT
ajfa-11193	212	19	t	t	NOUN
ajfa-11193	212	20	+	+	CCONJ
ajfa-11193	212	21	β6dri	β6dri	NUM
ajfa-11193	212	22	,	,	PUNCT
ajfa-11193	212	23	t	t	PROPN
ajfa-11193	212	24	+	+	NUM
ajfa-11193	212	25	β7sgi	β7sgi	NUM
ajfa-11193	212	26	,	,	PUNCT
ajfa-11193	212	27	t	t	PROPN
ajfa-11193	212	28	+	+	CCONJ
ajfa-11193	212	29	β8tangi	β8tangi	PROPN
ajfa-11193	212	30	,	,	PUNCT
ajfa-11193	212	31	t	t	PROPN
ajfa-11193	212	32	+	+	CCONJ
ajfa-11193	212	33	ui	ui	PROPN
ajfa-11193	212	34	,	,	PUNCT
ajfa-11193	212	35	t	t	PROPN
ajfa-11193	212	36	+	+	CCONJ
ajfa-11193	212	37	εi	εi	VERB
ajfa-11193	212	38	,	,	PUNCT
ajfa-11193	212	39	t	t	NOUN
ajfa-11193	212	40	as	as	ADP
ajfa-11193	212	41	αi	αi	PRON
ajfa-11193	212	42	is	be	AUX
ajfa-11193	212	43	the	the	DET
ajfa-11193	212	44	unknown	unknown	ADJ
ajfa-11193	212	45	intercept	intercept	NOUN
ajfa-11193	212	46	for	for	ADP
ajfa-11193	212	47	each	each	DET
ajfa-11193	212	48	entity	entity	NOUN
ajfa-11193	212	49	,	,	PUNCT
ajfa-11193	212	50	uit	uit	PROPN
ajfa-11193	212	51	is	be	AUX
ajfa-11193	212	52	the	the	DET
ajfa-11193	212	53	error	error	NOUN
ajfa-11193	212	54	term	term	NOUN
ajfa-11193	212	55	between	between	ADP
ajfa-11193	212	56	entity	entity	NOUN
ajfa-11193	212	57	,	,	PUNCT
ajfa-11193	212	58	and	and	CCONJ
ajfa-11193	212	59	εi	εi	VERB
ajfa-11193	212	60	,	,	PUNCT
ajfa-11193	212	61	t	t	PROPN
ajfa-11193	212	62	is	be	AUX
ajfa-11193	212	63	the	the	DET
ajfa-11193	212	64	error	error	NOUN
ajfa-11193	212	65	term	term	NOUN
ajfa-11193	212	66	within	within	ADP
ajfa-11193	212	67	entity	entity	NOUN
ajfa-11193	212	68	.	.	PUNCT
ajfa-11193	213	1	this	this	DET
ajfa-11193	213	2	research	research	NOUN
ajfa-11193	213	3	continued	continue	VERB
ajfa-11193	213	4	to	to	ADP
ajfa-11193	213	5	the	the	DET
ajfa-11193	213	6	hausman	hausman	PROPN
ajfa-11193	213	7	test	test	NOUN
ajfa-11193	213	8	to	to	PART
ajfa-11193	213	9	investigate	investigate	VERB
ajfa-11193	213	10	whether	whether	SCONJ
ajfa-11193	213	11	fixed	fix	VERB
ajfa-11193	213	12	effect	effect	NOUN
ajfa-11193	213	13	model	model	NOUN
ajfa-11193	213	14	or	or	CCONJ
ajfa-11193	213	15	the	the	DET
ajfa-11193	213	16	random	random	ADJ
ajfa-11193	213	17	effects	effect	NOUN
ajfa-11193	213	18	model	model	NOUN
ajfa-11193	213	19	is	be	AUX
ajfa-11193	213	20	suitable	suitable	ADJ
ajfa-11193	213	21	.	.	PUNCT
ajfa-11193	214	1	the	the	DET
ajfa-11193	214	2	proposed	propose	VERB
ajfa-11193	214	3	hypotheses	hypothesis	NOUN
ajfa-11193	214	4	from	from	ADP
ajfa-11193	214	5	hausman	hausman	ADJ
ajfa-11193	214	6	test	test	NOUN
ajfa-11193	214	7	are	be	AUX
ajfa-11193	214	8	:	:	PUNCT
ajfa-11193	214	9	•	•	NUM
ajfa-11193	214	10	h0	h0	PROPN
ajfa-11193	214	11	:	:	PUNCT
ajfa-11193	214	12	the	the	DET
ajfa-11193	214	13	random	random	ADJ
ajfa-11193	214	14	effects	effect	NOUN
ajfa-11193	214	15	are	be	AUX
ajfa-11193	214	16	uncorrelated	uncorrelate	VERB
ajfa-11193	214	17	with	with	ADP
ajfa-11193	214	18	the	the	DET
ajfa-11193	214	19	explanatory	explanatory	ADJ
ajfa-11193	214	20	variables	variable	NOUN
ajfa-11193	214	21	(	(	PUNCT
ajfa-11193	214	22	i.e.	i.e.	X
ajfa-11193	214	23	,	,	PUNCT
ajfa-11193	214	24	random	random	ADJ
ajfa-11193	214	25	effects	effect	NOUN
ajfa-11193	214	26	model	model	NOUN
ajfa-11193	214	27	is	be	AUX
ajfa-11193	214	28	preferred	prefer	VERB
ajfa-11193	214	29	)	)	PUNCT
ajfa-11193	214	30	•	•	ADP
ajfa-11193	214	31	h1	h1	PROPN
ajfa-11193	214	32	:	:	PUNCT
ajfa-11193	214	33	the	the	DET
ajfa-11193	214	34	random	random	ADJ
ajfa-11193	214	35	effects	effect	NOUN
ajfa-11193	214	36	are	be	AUX
ajfa-11193	214	37	correlated	correlate	VERB
ajfa-11193	214	38	with	with	ADP
ajfa-11193	214	39	the	the	DET
ajfa-11193	214	40	explanatory	explanatory	ADJ
ajfa-11193	214	41	variables	variable	NOUN
ajfa-11193	214	42	(	(	PUNCT
ajfa-11193	214	43	i.e.	i.e.	X
ajfa-11193	214	44	,	,	PUNCT
ajfa-11193	214	45	fixed	fix	VERB
ajfa-11193	214	46	effects	effect	NOUN
ajfa-11193	214	47	model	model	NOUN
ajfa-11193	214	48	is	be	AUX
ajfa-11193	214	49	preferred	prefer	VERB
ajfa-11193	214	50	)	)	PUNCT
ajfa-11193	214	51	.	.	PUNCT
ajfa-11193	215	1	following	follow	VERB
ajfa-11193	215	2	the	the	DET
ajfa-11193	215	3	test	test	NOUN
ajfa-11193	215	4	above	above	ADV
ajfa-11193	215	5	,	,	PUNCT
ajfa-11193	215	6	this	this	DET
ajfa-11193	215	7	study	study	NOUN
ajfa-11193	215	8	will	will	AUX
ajfa-11193	215	9	analyze	analyze	VERB
ajfa-11193	215	10	the	the	DET
ajfa-11193	215	11	final	final	ADJ
ajfa-11193	215	12	results	result	NOUN
ajfa-11193	215	13	of	of	ADP
ajfa-11193	215	14	the	the	DET
ajfa-11193	215	15	regression	regression	NOUN
ajfa-11193	215	16	based	base	VERB
ajfa-11193	215	17	on	on	ADP
ajfa-11193	215	18	the	the	DET
ajfa-11193	215	19	consistency	consistency	NOUN
ajfa-11193	215	20	of	of	ADP
ajfa-11193	215	21	the	the	DET
ajfa-11193	215	22	panel	panel	NOUN
ajfa-11193	215	23	data	datum	NOUN
ajfa-11193	215	24	with	with	ADP
ajfa-11193	215	25	the	the	DET
ajfa-11193	215	26	previous	previous	ADJ
ajfa-11193	215	27	findings	finding	NOUN
ajfa-11193	215	28	of	of	ADP
ajfa-11193	215	29	the	the	DET
ajfa-11193	215	30	related	related	ADJ
ajfa-11193	215	31	literature	literature	NOUN
ajfa-11193	215	32	.	.	PUNCT
ajfa-11193	216	1	5	5	X
ajfa-11193	216	2	.	.	X
ajfa-11193	216	3	empirical	empirical	ADJ
ajfa-11193	216	4	result	result	VERB
ajfa-11193	216	5	5.1	5.1	NUM
ajfa-11193	216	6	initial	initial	ADJ
ajfa-11193	216	7	screenings	screening	NOUN
ajfa-11193	216	8	and	and	CCONJ
ajfa-11193	216	9	findings	finding	NOUN
ajfa-11193	216	10	summary	summary	VERB
ajfa-11193	216	11	multicollinearity	multicollinearity	NOUN
ajfa-11193	216	12	test	test	NOUN
ajfa-11193	216	13	was	be	AUX
ajfa-11193	216	14	used	use	VERB
ajfa-11193	216	15	to	to	PART
ajfa-11193	216	16	examine	examine	VERB
ajfa-11193	216	17	whether	whether	SCONJ
ajfa-11193	216	18	two	two	NUM
ajfa-11193	216	19	or	or	CCONJ
ajfa-11193	216	20	more	more	ADJ
ajfa-11193	216	21	explanatory	explanatory	ADJ
ajfa-11193	216	22	variables	variable	NOUN
ajfa-11193	216	23	are	be	AUX
ajfa-11193	216	24	hlinearly	hlinearly	ADV
ajfa-11193	216	25	related	relate	VERB
ajfa-11193	216	26	by	by	ADP
ajfa-11193	216	27	observing	observe	VERB
ajfa-11193	216	28	the	the	DET
ajfa-11193	216	29	pearson	pearson	NOUN
ajfa-11193	216	30	correlation	correlation	NOUN
ajfa-11193	216	31	coefficient	coefficient	NOUN
ajfa-11193	216	32	matrix	matrix	NOUN
ajfa-11193	216	33	.	.	PUNCT
ajfa-11193	217	1	multicollinearity	multicollinearity	NOUN
ajfa-11193	217	2	exists	exist	VERB
ajfa-11193	217	3	if	if	SCONJ
ajfa-11193	217	4	the	the	DET
ajfa-11193	217	5	coefficient	coefficient	NOUN
ajfa-11193	217	6	exceeds	exceed	VERB
ajfa-11193	217	7	0.8	0.8	NUM
ajfa-11193	217	8	.	.	PUNCT
ajfa-11193	217	9	table	table	NOUN
ajfa-11193	217	10	3	3	NUM
ajfa-11193	217	11	shows	show	VERB
ajfa-11193	217	12	the	the	DET
ajfa-11193	217	13	correlation	correlation	NOUN
ajfa-11193	217	14	matrix	matrix	NOUN
ajfa-11193	217	15	between	between	ADP
ajfa-11193	217	16	variables	variable	NOUN
ajfa-11193	217	17	in	in	ADP
ajfa-11193	217	18	the	the	DET
ajfa-11193	217	19	four	four	NUM
ajfa-11193	217	20	groups	group	NOUN
ajfa-11193	217	21	of	of	ADP
ajfa-11193	217	22	data	datum	NOUN
ajfa-11193	217	23	analyses	analysis	NOUN
ajfa-11193	217	24	.	.	PUNCT
ajfa-11193	218	1	the	the	DET
ajfa-11193	218	2	study	study	NOUN
ajfa-11193	218	3	found	find	VERB
ajfa-11193	218	4	that	that	SCONJ
ajfa-11193	218	5	there	there	PRON
ajfa-11193	218	6	is	be	VERB
ajfa-11193	218	7	no	no	DET
ajfa-11193	218	8	relationship	relationship	NOUN
ajfa-11193	218	9	coefficient	coefficient	NOUN
ajfa-11193	218	10	exceeding	exceed	VERB
ajfa-11193	218	11	0.8	0.8	NUM
ajfa-11193	218	12	,	,	PUNCT
ajfa-11193	218	13	which	which	PRON
ajfa-11193	218	14	means	mean	VERB
ajfa-11193	218	15	that	that	SCONJ
ajfa-11193	218	16	multicollinearity	multicollinearity	NOUN
ajfa-11193	218	17	problem	problem	NOUN
ajfa-11193	218	18	does	do	AUX
ajfa-11193	218	19	not	not	PART
ajfa-11193	218	20	exist	exist	VERB
ajfa-11193	218	21	and	and	CCONJ
ajfa-11193	218	22	all	all	DET
ajfa-11193	218	23	variables	variable	NOUN
ajfa-11193	218	24	are	be	AUX
ajfa-11193	218	25	reliable	reliable	ADJ
ajfa-11193	218	26	as	as	ADP
ajfa-11193	218	27	explanatory	explanatory	ADJ
ajfa-11193	218	28	factors	factor	NOUN
ajfa-11193	218	29	of	of	ADP
ajfa-11193	218	30	profitability	profitability	NOUN
ajfa-11193	218	31	.	.	PUNCT
ajfa-11193	219	1	asian	asian	ADJ
ajfa-11193	219	2	journal	journal	PROPN
ajfa-11193	219	3	of	of	ADP
ajfa-11193	219	4	finance	finance	PROPN
ajfa-11193	219	5	&	&	CCONJ
ajfa-11193	219	6	accounting	accounting	PROPN
ajfa-11193	219	7	issn	issn	PROPN
ajfa-11193	219	8	1946	1946	NUM
ajfa-11193	219	9	-	-	PUNCT
ajfa-11193	219	10	052x	052x	PROPN
ajfa-11193	219	11	2017	2017	NUM
ajfa-11193	219	12	,	,	PUNCT
ajfa-11193	219	13	vol	vol	NOUN
ajfa-11193	219	14	.	.	NOUN
ajfa-11193	219	15	9	9	NUM
ajfa-11193	219	16	,	,	PUNCT
ajfa-11193	219	17	no	no	INTJ
ajfa-11193	219	18	.	.	NOUN
ajfa-11193	219	19	1	1	NUM
ajfa-11193	219	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	219	21	410	410	NUM
ajfa-11193	219	22	table	table	NOUN
ajfa-11193	219	23	3	3	NUM
ajfa-11193	219	24	.	.	PUNCT
ajfa-11193	219	25	correlation	correlation	NOUN
ajfa-11193	219	26	matrix	matrix	NOUN
ajfa-11193	219	27	of	of	ADP
ajfa-11193	219	28	the	the	DET
ajfa-11193	219	29	eight	eight	NUM
ajfa-11193	219	30	firm	firm	ADJ
ajfa-11193	219	31	-	-	PUNCT
ajfa-11193	219	32	specific	specific	ADJ
ajfa-11193	219	33	independent	independent	ADJ
ajfa-11193	219	34	variables	variable	NOUN
ajfa-11193	219	35	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	219	36	was	be	AUX
ajfa-11193	219	37	conducted	conduct	VERB
ajfa-11193	219	38	to	to	PART
ajfa-11193	219	39	check	check	VERB
ajfa-11193	219	40	the	the	DET
ajfa-11193	219	41	disturbance	disturbance	NOUN
ajfa-11193	219	42	in	in	ADP
ajfa-11193	219	43	variance	variance	NOUN
ajfa-11193	219	44	.	.	PUNCT
ajfa-11193	220	1	if	if	SCONJ
ajfa-11193	220	2	the	the	DET
ajfa-11193	220	3	p	p	NOUN
ajfa-11193	220	4	-	-	PUNCT
ajfa-11193	220	5	value	value	NOUN
ajfa-11193	220	6	of	of	ADP
ajfa-11193	220	7	computed	computed	ADJ
ajfa-11193	220	8	chi	chi	ADJ
ajfa-11193	220	9	-	-	PUNCT
ajfa-11193	220	10	square	square	ADJ
ajfa-11193	220	11	value	value	NOUN
ajfa-11193	220	12	is	be	AUX
ajfa-11193	220	13	low	low	ADJ
ajfa-11193	220	14	(	(	PUNCT
ajfa-11193	220	15	less	less	ADJ
ajfa-11193	220	16	than	than	ADP
ajfa-11193	220	17	10	10	NUM
ajfa-11193	220	18	%	%	NOUN
ajfa-11193	220	19	)	)	PUNCT
ajfa-11193	220	20	,	,	PUNCT
ajfa-11193	220	21	it	it	PRON
ajfa-11193	220	22	means	mean	VERB
ajfa-11193	220	23	that	that	SCONJ
ajfa-11193	220	24	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	220	25	exists	exist	VERB
ajfa-11193	220	26	.	.	PUNCT
ajfa-11193	221	1	table	table	NOUN
ajfa-11193	221	2	4	4	NUM
ajfa-11193	221	3	shows	show	VERB
ajfa-11193	221	4	the	the	DET
ajfa-11193	221	5	p	p	NOUN
ajfa-11193	221	6	-	-	PUNCT
ajfa-11193	221	7	values	value	NOUN
ajfa-11193	221	8	of	of	ADP
ajfa-11193	221	9	computed	computed	ADJ
ajfa-11193	221	10	chi	chi	ADJ
ajfa-11193	221	11	-	-	PUNCT
ajfa-11193	221	12	square	square	ADJ
ajfa-11193	221	13	value	value	NOUN
ajfa-11193	221	14	obtained	obtain	VERB
ajfa-11193	221	15	from	from	ADP
ajfa-11193	221	16	white	white	PROPN
ajfa-11193	221	17	’s	’s	PART
ajfa-11193	221	18	general	general	ADJ
ajfa-11193	221	19	test	test	NOUN
ajfa-11193	221	20	.	.	PUNCT
ajfa-11193	222	1	in	in	ADP
ajfa-11193	222	2	all	all	DET
ajfa-11193	222	3	size	size	NOUN
ajfa-11193	222	4	and	and	CCONJ
ajfa-11193	222	5	large	large	ADJ
ajfa-11193	222	6	companies	company	NOUN
ajfa-11193	222	7	group	group	NOUN
ajfa-11193	222	8	,	,	PUNCT
ajfa-11193	222	9	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	222	10	exist	exist	VERB
ajfa-11193	222	11	because	because	SCONJ
ajfa-11193	222	12	the	the	DET
ajfa-11193	222	13	p	p	NOUN
ajfa-11193	222	14	-	-	PUNCT
ajfa-11193	222	15	value	value	NOUN
ajfa-11193	222	16	is	be	AUX
ajfa-11193	222	17	very	very	ADV
ajfa-11193	222	18	low	low	ADJ
ajfa-11193	222	19	,	,	PUNCT
ajfa-11193	222	20	but	but	CCONJ
ajfa-11193	222	21	in	in	ADP
ajfa-11193	222	22	medium	medium	ADJ
ajfa-11193	222	23	and	and	CCONJ
ajfa-11193	222	24	small	small	ADJ
ajfa-11193	222	25	companies	company	NOUN
ajfa-11193	222	26	groups	group	NOUN
ajfa-11193	222	27	,	,	PUNCT
ajfa-11193	222	28	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	222	29	does	do	AUX
ajfa-11193	222	30	not	not	PART
ajfa-11193	222	31	exist	exist	VERB
ajfa-11193	222	32	because	because	SCONJ
ajfa-11193	222	33	the	the	DET
ajfa-11193	222	34	p	p	NOUN
ajfa-11193	222	35	-	-	PUNCT
ajfa-11193	222	36	value	value	NOUN
ajfa-11193	222	37	exceeds	exceed	VERB
ajfa-11193	222	38	10	10	NUM
ajfa-11193	222	39	%	%	NOUN
ajfa-11193	222	40	.	.	PUNCT
ajfa-11193	223	1	for	for	ADP
ajfa-11193	223	2	all	all	DET
ajfa-11193	223	3	size	size	NOUN
ajfa-11193	223	4	and	and	CCONJ
ajfa-11193	223	5	large	large	ADJ
ajfa-11193	223	6	companies	company	NOUN
ajfa-11193	223	7	groups	group	NOUN
ajfa-11193	223	8	,	,	PUNCT
ajfa-11193	223	9	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	223	10	corrected	correct	VERB
ajfa-11193	223	11	model	model	NOUN
ajfa-11193	223	12	was	be	AUX
ajfa-11193	223	13	applied	apply	VERB
ajfa-11193	223	14	.	.	PUNCT
ajfa-11193	224	1	category	category	NOUN
ajfa-11193	224	2	variables	variable	NOUN
ajfa-11193	224	3	ar	ar	PROPN
ajfa-11193	224	4	in	in	ADP
ajfa-11193	224	5	ap	ap	PROPN
ajfa-11193	224	6	size	size	NOUN
ajfa-11193	224	7	cr	cr	PROPN
ajfa-11193	224	8	dr	dr	PROPN
ajfa-11193	224	9	sg	sg	PROPN
ajfa-11193	224	10	tang	tang	PROPN
ajfa-11193	224	11	a	a	DET
ajfa-11193	224	12	llsiz	llsiz	PROPN
ajfa-11193	224	13	e	e	PROPN
ajfa-11193	224	14	ar	ar	NOUN
ajfa-11193	224	15	1.000	1.000	NUM
ajfa-11193	224	16	0.344	0.344	NUM
ajfa-11193	224	17	0.641	0.641	NUM
ajfa-11193	224	18	-0.291	-0.291	NUM
ajfa-11193	224	19	0.025	0.025	NUM
ajfa-11193	224	20	-0.106	-0.106	CCONJ
ajfa-11193	224	21	-0.083	-0.083	NOUN
ajfa-11193	224	22	0.204	0.204	NUM
ajfa-11193	224	23	in	in	ADP
ajfa-11193	224	24	1.000	1.000	NUM
ajfa-11193	224	25	0.513	0.513	NUM
ajfa-11193	224	26	-0.284	-0.284	NOUN
ajfa-11193	224	27	0.321	0.321	NUM
ajfa-11193	224	28	-0.190	-0.190	NUM
ajfa-11193	224	29	-0.070	-0.070	NUM
ajfa-11193	224	30	0.410	0.410	NUM
ajfa-11193	224	31	ap	ap	PROPN
ajfa-11193	224	32	1.000	1.000	NUM
ajfa-11193	224	33	-0.066	-0.066	NOUN
ajfa-11193	224	34	0.137	0.137	NUM
ajfa-11193	224	35	0.072	0.072	NUM
ajfa-11193	224	36	-0.048	-0.048	NOUN
ajfa-11193	224	37	0.120	0.120	NUM
ajfa-11193	224	38	size	size	NOUN
ajfa-11193	224	39	1.000	1.000	NUM
ajfa-11193	224	40	-0.271	-0.271	ADP
ajfa-11193	224	41	0.514	0.514	NUM
ajfa-11193	224	42	0.009	0.009	NUM
ajfa-11193	224	43	-0.156	-0.156	NUM
ajfa-11193	224	44	cr	cr	ADP
ajfa-11193	224	45	1.000	1.000	NUM
ajfa-11193	224	46	-0.312	-0.312	NUM
ajfa-11193	224	47	0.085	0.085	NUM
ajfa-11193	224	48	-0.037	-0.037	PUNCT
ajfa-11193	224	49	dr	dr	PROPN
ajfa-11193	224	50	1.000	1.000	NUM
ajfa-11193	224	51	-0.141	-0.141	NOUN
ajfa-11193	224	52	-0.140	-0.140	NOUN
ajfa-11193	224	53	sg	sg	ADP
ajfa-11193	224	54	1.000	1.000	NUM
ajfa-11193	224	55	-0.126	-0.126	NOUN
ajfa-11193	224	56	tang	tang	PROPN
ajfa-11193	224	57	1.000	1.000	NUM
ajfa-11193	224	58	la	la	X
ajfa-11193	224	59	rg	rg	PROPN
ajfa-11193	224	60	esiz	esiz	PROPN
ajfa-11193	224	61	e	e	PROPN
ajfa-11193	224	62	ar	ar	PROPN
ajfa-11193	224	63	1.000	1.000	NUM
ajfa-11193	224	64	0.063	0.063	NUM
ajfa-11193	224	65	0.511	0.511	NUM
ajfa-11193	224	66	-0.121	-0.121	SYM
ajfa-11193	224	67	-0.006	-0.006	X
ajfa-11193	224	68	0.037	0.037	NUM
ajfa-11193	224	69	-0.018	-0.018	PUNCT
ajfa-11193	224	70	-0.194	-0.194	NOUN
ajfa-11193	224	71	in	in	ADP
ajfa-11193	224	72	1.000	1.000	NUM
ajfa-11193	224	73	0.301	0.301	NUM
ajfa-11193	224	74	-0.136	-0.136	PUNCT
ajfa-11193	224	75	0.047	0.047	NUM
ajfa-11193	224	76	-0.128	-0.128	NUM
ajfa-11193	224	77	-0.089	-0.089	PUNCT
ajfa-11193	224	78	0.292	0.292	NUM
ajfa-11193	224	79	ap	ap	PROPN
ajfa-11193	224	80	1.000	1.000	NUM
ajfa-11193	224	81	0.221	0.221	NUM
ajfa-11193	224	82	-0.134	-0.134	NUM
ajfa-11193	224	83	0.388	0.388	NUM
ajfa-11193	224	84	-0.101	-0.101	NOUN
ajfa-11193	224	85	-0.214	-0.214	PUNCT
ajfa-11193	224	86	size	size	NOUN
ajfa-11193	224	87	1.000	1.000	NUM
ajfa-11193	224	88	-0.134	-0.134	NUM
ajfa-11193	224	89	0.680	0.680	NUM
ajfa-11193	224	90	-0.106	-0.106	NUM
ajfa-11193	224	91	-0.217	-0.217	PUNCT
ajfa-11193	224	92	cr	cr	ADP
ajfa-11193	224	93	1.000	1.000	NUM
ajfa-11193	224	94	-0.412	-0.412	PUNCT
ajfa-11193	224	95	0.034	0.034	NUM
ajfa-11193	224	96	0.173	0.173	NUM
ajfa-11193	224	97	dr	dr	PROPN
ajfa-11193	224	98	1.000	1.000	NUM
ajfa-11193	224	99	-0.119	-0.119	NUM
ajfa-11193	224	100	-0.175	-0.175	PUNCT
ajfa-11193	224	101	sg	sg	ADP
ajfa-11193	224	102	1.000	1.000	NUM
ajfa-11193	224	103	-0.076	-0.076	NOUN
ajfa-11193	224	104	tang	tang	PROPN
ajfa-11193	224	105	1.000	1.000	NUM
ajfa-11193	224	106	m	m	NOUN
ajfa-11193	224	107	ed	ed	NOUN
ajfa-11193	224	108	iu	iu	ADP
ajfa-11193	224	109	m	m	PROPN
ajfa-11193	224	110	-s	-s	INTJ
ajfa-11193	224	111	iz	iz	INTJ
ajfa-11193	224	112	e	e	NOUN
ajfa-11193	224	113	ar	ar	VERB
ajfa-11193	224	114	1.000	1.000	NUM
ajfa-11193	224	115	0.492	0.492	NUM
ajfa-11193	224	116	0.640	0.640	NUM
ajfa-11193	224	117	0.229	0.229	NUM
ajfa-11193	224	118	-0.031	-0.031	NUM
ajfa-11193	224	119	-0.131	-0.131	PUNCT
ajfa-11193	224	120	-0.131	-0.131	X
ajfa-11193	224	121	0.319	0.319	NUM
ajfa-11193	224	122	in	in	ADP
ajfa-11193	224	123	1.000	1.000	NUM
ajfa-11193	224	124	0.804	0.804	NUM
ajfa-11193	224	125	-0.263	-0.263	PUNCT
ajfa-11193	224	126	0.458	0.458	NUM
ajfa-11193	224	127	-0.411	-0.411	PUNCT
ajfa-11193	224	128	-0.072	-0.072	NOUN
ajfa-11193	224	129	0.266	0.266	NUM
ajfa-11193	224	130	ap	ap	PROPN
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ajfa-11193	224	132	-0.051	-0.051	NUM
ajfa-11193	224	133	0.411	0.411	NUM
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ajfa-11193	224	135	-0.125	-0.125	NOUN
ajfa-11193	224	136	0.226	0.226	NUM
ajfa-11193	224	137	size	size	NOUN
ajfa-11193	224	138	1.000	1.000	NUM
ajfa-11193	224	139	-0.287	-0.287	NOUN
ajfa-11193	224	140	0.241	0.241	NUM
ajfa-11193	224	141	0.023	0.023	NUM
ajfa-11193	224	142	0.120	0.120	NUM
ajfa-11193	224	143	cr	cr	ADP
ajfa-11193	224	144	1.000	1.000	NUM
ajfa-11193	224	145	-0.296	-0.296	NUM
ajfa-11193	224	146	0.123	0.123	NUM
ajfa-11193	224	147	-0.148	-0.148	NOUN
ajfa-11193	224	148	dr	dr	PROPN
ajfa-11193	224	149	1.000	1.000	NUM
ajfa-11193	224	150	-0.258	-0.258	PRON
ajfa-11193	224	151	-0.316	-0.316	PROPN
ajfa-11193	224	152	sg	sg	ADP
ajfa-11193	224	153	1.000	1.000	NUM
ajfa-11193	224	154	-0.163	-0.163	NOUN
ajfa-11193	224	155	tang	tang	NOUN
ajfa-11193	224	156	1.000	1.000	NUM
ajfa-11193	225	1	sm	sm	PROPN
ajfa-11193	225	2	al	al	PROPN
ajfa-11193	225	3	l	l	PROPN
ajfa-11193	225	4	-	-	PROPN
ajfa-11193	225	5	s	s	X
ajfa-11193	225	6	iz	iz	ADJ
ajfa-11193	225	7	e	e	NOUN
ajfa-11193	225	8	ar	ar	NOUN
ajfa-11193	225	9	1.000	1.000	NUM
ajfa-11193	225	10	0.545	0.545	NUM
ajfa-11193	225	11	0.782	0.782	NUM
ajfa-11193	225	12	-0.400	-0.400	NOUN
ajfa-11193	225	13	0.039	0.039	NUM
ajfa-11193	225	14	-0.080	-0.080	PUNCT
ajfa-11193	225	15	-0.111	-0.111	X
ajfa-11193	225	16	0.361	0.361	NUM
ajfa-11193	225	17	in	in	ADP
ajfa-11193	225	18	1.000	1.000	NUM
ajfa-11193	225	19	0.635	0.635	NUM
ajfa-11193	225	20	-0.367	-0.367	NOUN
ajfa-11193	225	21	0.031	0.031	NUM
ajfa-11193	225	22	0.175	0.175	NUM
ajfa-11193	225	23	-0.075	-0.075	NUM
ajfa-11193	225	24	0.759	0.759	NUM
ajfa-11193	225	25	ap	ap	PROPN
ajfa-11193	225	26	1.000	1.000	NUM
ajfa-11193	225	27	-0.290	-0.290	NUM
ajfa-11193	225	28	0.069	0.069	NUM
ajfa-11193	225	29	-0.109	-0.109	NUM
ajfa-11193	225	30	0.019	0.019	NUM
ajfa-11193	225	31	0.390	0.390	NUM
ajfa-11193	225	32	size	size	NOUN
ajfa-11193	225	33	1.000	1.000	NUM
ajfa-11193	225	34	-0.410	-0.410	NOUN
ajfa-11193	225	35	0.366	0.366	NUM
ajfa-11193	225	36	0.062	0.062	NUM
ajfa-11193	225	37	-0.383	-0.383	NOUN
ajfa-11193	225	38	cr	cr	ADP
ajfa-11193	225	39	1.000	1.000	NUM
ajfa-11193	225	40	-0.555	-0.555	NOUN
ajfa-11193	225	41	-0.031	-0.031	PUNCT
ajfa-11193	225	42	-0.017	-0.017	PROPN
ajfa-11193	225	43	dr	dr	PROPN
ajfa-11193	225	44	1.000	1.000	NUM
ajfa-11193	225	45	-0.096	-0.096	NUM
ajfa-11193	225	46	0.237	0.237	NUM
ajfa-11193	225	47	sg	sg	ADP
ajfa-11193	225	48	1.000	1.000	NUM
ajfa-11193	225	49	-0.141	-0.141	X
ajfa-11193	225	50	tang	tang	NOUN
ajfa-11193	225	51	1.000	1.000	NUM
ajfa-11193	225	52	asian	asian	ADJ
ajfa-11193	225	53	journal	journal	NOUN
ajfa-11193	225	54	of	of	ADP
ajfa-11193	225	55	finance	finance	PROPN
ajfa-11193	225	56	&	&	CCONJ
ajfa-11193	225	57	accounting	accounting	PROPN
ajfa-11193	225	58	issn	issn	PROPN
ajfa-11193	225	59	1946	1946	NUM
ajfa-11193	225	60	-	-	PUNCT
ajfa-11193	225	61	052x	052x	PROPN
ajfa-11193	225	62	2017	2017	NUM
ajfa-11193	225	63	,	,	PUNCT
ajfa-11193	225	64	vol	vol	NOUN
ajfa-11193	225	65	.	.	NOUN
ajfa-11193	225	66	9	9	NUM
ajfa-11193	225	67	,	,	PUNCT
ajfa-11193	225	68	no	no	INTJ
ajfa-11193	225	69	.	.	NOUN
ajfa-11193	225	70	1	1	NUM
ajfa-11193	225	71	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	225	72	411	411	NUM
ajfa-11193	225	73	table	table	NOUN
ajfa-11193	225	74	4	4	NUM
ajfa-11193	225	75	.	.	PUNCT
ajfa-11193	225	76	white	white	PROPN
ajfa-11193	225	77	’s	’s	PART
ajfa-11193	225	78	general	general	ADJ
ajfa-11193	225	79	test	test	NOUN
ajfa-11193	225	80	result	result	NOUN
ajfa-11193	225	81	category	category	NOUN
ajfa-11193	225	82	p	p	NOUN
ajfa-11193	225	83	-	-	PUNCT
ajfa-11193	225	84	value	value	NOUN
ajfa-11193	225	85	null	null	ADJ
ajfa-11193	225	86	hypothesis	hypothesis	NOUN
ajfa-11193	225	87	(	(	PUNCT
ajfa-11193	225	88	no	no	DET
ajfa-11193	225	89	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	225	90	)	)	PUNCT
ajfa-11193	225	91	all	all	DET
ajfa-11193	225	92	-	-	PUNCT
ajfa-11193	225	93	size	size	NOUN
ajfa-11193	225	94	p(chi	p(chi	NOUN
ajfa-11193	225	95	-	-	PUNCT
ajfa-11193	225	96	square(44	square(44	NOUN
ajfa-11193	225	97	)	)	PUNCT
ajfa-11193	225	98	>	>	X
ajfa-11193	225	99	104.373828	104.373828	NUM
ajfa-11193	225	100	)	)	PUNCT
ajfa-11193	225	101	=	=	SYM
ajfa-11193	225	102	0.000001	0.000001	NUM
ajfa-11193	225	103	reject	reject	VERB
ajfa-11193	225	104	large	large	ADJ
ajfa-11193	225	105	-	-	PUNCT
ajfa-11193	225	106	size	size	NOUN
ajfa-11193	225	107	p(chi	p(chi	NOUN
ajfa-11193	225	108	-	-	PUNCT
ajfa-11193	225	109	square(44	square(44	NOUN
ajfa-11193	225	110	)	)	PUNCT
ajfa-11193	225	111	>	>	X
ajfa-11193	225	112	92.304009	92.304009	NUM
ajfa-11193	225	113	)	)	PUNCT
ajfa-11193	226	1	=	=	SYM
ajfa-11193	226	2	0.000028	0.000028	NUM
ajfa-11193	226	3	reject	reject	VERB
ajfa-11193	226	4	medium	medium	ADJ
ajfa-11193	226	5	-	-	PUNCT
ajfa-11193	226	6	size	size	NOUN
ajfa-11193	226	7	p(chi	p(chi	NOUN
ajfa-11193	226	8	-	-	PUNCT
ajfa-11193	226	9	square(44	square(44	NOUN
ajfa-11193	226	10	)	)	PUNCT
ajfa-11193	226	11	>	>	X
ajfa-11193	226	12	43.635248	43.635248	NUM
ajfa-11193	226	13	)	)	PUNCT
ajfa-11193	226	14	=	=	SYM
ajfa-11193	227	1	0.487156	0.487156	NUM
ajfa-11193	227	2	accept	accept	VERB
ajfa-11193	227	3	small	small	ADJ
ajfa-11193	227	4	-	-	PUNCT
ajfa-11193	227	5	size	size	NOUN
ajfa-11193	227	6	p(chi	p(chi	NOUN
ajfa-11193	227	7	-	-	PUNCT
ajfa-11193	227	8	square(44	square(44	NOUN
ajfa-11193	227	9	)	)	PUNCT
ajfa-11193	227	10	>	>	X
ajfa-11193	227	11	49.728857	49.728857	NUM
ajfa-11193	227	12	)	)	PUNCT
ajfa-11193	228	1	=	=	SYM
ajfa-11193	228	2	0.255769	0.255769	NUM
ajfa-11193	228	3	accept	accept	VERB
ajfa-11193	228	4	the	the	DET
ajfa-11193	228	5	study	study	NOUN
ajfa-11193	228	6	used	use	VERB
ajfa-11193	228	7	three	three	NUM
ajfa-11193	228	8	multiple	multiple	ADJ
ajfa-11193	228	9	linear	linear	ADJ
ajfa-11193	228	10	panel	panel	NOUN
ajfa-11193	228	11	regression	regression	NOUN
ajfa-11193	228	12	models	model	NOUN
ajfa-11193	228	13	,	,	PUNCT
ajfa-11193	228	14	namely	namely	ADV
ajfa-11193	228	15	,	,	PUNCT
ajfa-11193	228	16	ols	ols	PROPN
ajfa-11193	228	17	,	,	PUNCT
ajfa-11193	228	18	fe	fe	X
ajfa-11193	228	19	and	and	CCONJ
ajfa-11193	228	20	re	re	NOUN
ajfa-11193	228	21	models	model	NOUN
ajfa-11193	228	22	,	,	PUNCT
ajfa-11193	228	23	and	and	CCONJ
ajfa-11193	228	24	the	the	DET
ajfa-11193	228	25	hausman	hausman	ADJ
ajfa-11193	228	26	test	test	NOUN
ajfa-11193	228	27	was	be	AUX
ajfa-11193	228	28	utilized	utilize	VERB
ajfa-11193	228	29	to	to	PART
ajfa-11193	228	30	examine	examine	VERB
ajfa-11193	228	31	whether	whether	SCONJ
ajfa-11193	228	32	the	the	DET
ajfa-11193	228	33	fe	fe	PROPN
ajfa-11193	228	34	model	model	NOUN
ajfa-11193	228	35	or	or	CCONJ
ajfa-11193	228	36	the	the	DET
ajfa-11193	228	37	re	re	PROPN
ajfa-11193	228	38	model	model	NOUN
ajfa-11193	228	39	is	be	AUX
ajfa-11193	228	40	suitable	suitable	ADJ
ajfa-11193	228	41	.	.	PUNCT
ajfa-11193	229	1	the	the	DET
ajfa-11193	229	2	null	null	ADJ
ajfa-11193	229	3	hypothesis	hypothesis	NOUN
ajfa-11193	229	4	(	(	PUNCT
ajfa-11193	229	5	random	random	ADJ
ajfa-11193	229	6	effects	effect	NOUN
ajfa-11193	229	7	model	model	NOUN
ajfa-11193	229	8	is	be	AUX
ajfa-11193	229	9	preferred	prefer	VERB
ajfa-11193	229	10	)	)	PUNCT
ajfa-11193	229	11	is	be	AUX
ajfa-11193	229	12	rejected	reject	VERB
ajfa-11193	229	13	when	when	SCONJ
ajfa-11193	229	14	the	the	DET
ajfa-11193	229	15	p	p	NOUN
ajfa-11193	229	16	-	-	PUNCT
ajfa-11193	229	17	value	value	NOUN
ajfa-11193	229	18	is	be	AUX
ajfa-11193	229	19	greater	great	ADJ
ajfa-11193	229	20	than	than	ADP
ajfa-11193	229	21	10	10	NUM
ajfa-11193	229	22	%	%	NOUN
ajfa-11193	229	23	.	.	PUNCT
ajfa-11193	230	1	the	the	DET
ajfa-11193	230	2	log	log	NOUN
ajfa-11193	230	3	-	-	PUNCT
ajfa-11193	230	4	likelihood	likelihood	NOUN
ajfa-11193	230	5	value	value	NOUN
ajfa-11193	230	6	will	will	AUX
ajfa-11193	230	7	be	be	AUX
ajfa-11193	230	8	also	also	ADV
ajfa-11193	230	9	utilized	utilize	VERB
ajfa-11193	230	10	to	to	PART
ajfa-11193	230	11	determine	determine	VERB
ajfa-11193	230	12	the	the	DET
ajfa-11193	230	13	best	good	ADJ
ajfa-11193	230	14	fitting	fitting	ADJ
ajfa-11193	230	15	models	model	NOUN
ajfa-11193	230	16	based	base	VERB
ajfa-11193	230	17	on	on	ADP
ajfa-11193	230	18	the	the	DET
ajfa-11193	230	19	applications	application	NOUN
ajfa-11193	230	20	of	of	ADP
ajfa-11193	230	21	chen	chen	PROPN
ajfa-11193	230	22	and	and	CCONJ
ajfa-11193	230	23	diaz	diaz	PROPN
ajfa-11193	230	24	(	(	PUNCT
ajfa-11193	230	25	2014	2014	NUM
ajfa-11193	230	26	)	)	PUNCT
ajfa-11193	230	27	.	.	PUNCT
ajfa-11193	231	1	table	table	NOUN
ajfa-11193	231	2	5	5	NUM
ajfa-11193	231	3	provides	provide	VERB
ajfa-11193	231	4	the	the	DET
ajfa-11193	231	5	summary	summary	NOUN
ajfa-11193	231	6	of	of	ADP
ajfa-11193	231	7	the	the	DET
ajfa-11193	231	8	main	main	ADJ
ajfa-11193	231	9	findings	finding	NOUN
ajfa-11193	231	10	of	of	ADP
ajfa-11193	231	11	the	the	DET
ajfa-11193	231	12	relationship	relationship	NOUN
ajfa-11193	231	13	(	(	PUNCT
ajfa-11193	231	14	i.e.	i.e.	X
ajfa-11193	231	15	,	,	PUNCT
ajfa-11193	231	16	positive	positive	ADJ
ajfa-11193	231	17	and	and	CCONJ
ajfa-11193	231	18	negative	negative	ADJ
ajfa-11193	231	19	)	)	PUNCT
ajfa-11193	231	20	found	find	VERB
ajfa-11193	231	21	in	in	ADP
ajfa-11193	231	22	this	this	DET
ajfa-11193	231	23	study	study	NOUN
ajfa-11193	231	24	.	.	PUNCT
ajfa-11193	232	1	5.2	5.2	NUM
ajfa-11193	232	2	result	result	NOUN
ajfa-11193	232	3	of	of	ADP
ajfa-11193	232	4	all	all	DET
ajfa-11193	232	5	-	-	PUNCT
ajfa-11193	232	6	size	size	NOUN
ajfa-11193	232	7	market	market	NOUN
ajfa-11193	232	8	capitalization	capitalization	NOUN
ajfa-11193	232	9	companies	company	NOUN
ajfa-11193	232	10	table	table	VERB
ajfa-11193	232	11	6	6	NUM
ajfa-11193	232	12	presents	present	NOUN
ajfa-11193	232	13	comparison	comparison	NOUN
ajfa-11193	232	14	results	result	NOUN
ajfa-11193	232	15	of	of	ADP
ajfa-11193	232	16	the	the	DET
ajfa-11193	232	17	ols	ols	PROPN
ajfa-11193	232	18	,	,	PUNCT
ajfa-11193	232	19	fe	fe	NOUN
ajfa-11193	232	20	,	,	PUNCT
ajfa-11193	232	21	and	and	CCONJ
ajfa-11193	232	22	re	re	NOUN
ajfa-11193	232	23	models	model	NOUN
ajfa-11193	232	24	in	in	ADP
ajfa-11193	232	25	determining	determine	VERB
ajfa-11193	232	26	the	the	DET
ajfa-11193	232	27	significant	significant	ADJ
ajfa-11193	232	28	factors	factor	NOUN
ajfa-11193	232	29	that	that	PRON
ajfa-11193	232	30	affect	affect	VERB
ajfa-11193	232	31	the	the	DET
ajfa-11193	232	32	roa	roa	NOUN
ajfa-11193	232	33	of	of	ADP
ajfa-11193	232	34	indonesian	indonesian	ADJ
ajfa-11193	232	35	real	real	ADJ
ajfa-11193	232	36	estate	estate	NOUN
ajfa-11193	232	37	companies	company	NOUN
ajfa-11193	232	38	.	.	PUNCT
ajfa-11193	233	1	based	base	VERB
ajfa-11193	233	2	on	on	ADP
ajfa-11193	233	3	hausman	hausman	PROPN
ajfa-11193	233	4	test	test	NOUN
ajfa-11193	233	5	,	,	PUNCT
ajfa-11193	233	6	the	the	DET
ajfa-11193	233	7	p	p	NOUN
ajfa-11193	233	8	-	-	PUNCT
ajfa-11193	233	9	value	value	NOUN
ajfa-11193	233	10	is	be	AUX
ajfa-11193	233	11	smaller	small	ADJ
ajfa-11193	233	12	than	than	ADP
ajfa-11193	233	13	5	5	NUM
ajfa-11193	233	14	%	%	NOUN
ajfa-11193	233	15	,	,	PUNCT
ajfa-11193	233	16	which	which	PRON
ajfa-11193	233	17	indicates	indicate	VERB
ajfa-11193	233	18	that	that	SCONJ
ajfa-11193	233	19	the	the	DET
ajfa-11193	233	20	null	null	ADJ
ajfa-11193	233	21	hypothesis	hypothesis	NOUN
ajfa-11193	233	22	is	be	AUX
ajfa-11193	233	23	rejected	reject	VERB
ajfa-11193	233	24	,	,	PUNCT
ajfa-11193	233	25	and	and	CCONJ
ajfa-11193	233	26	the	the	DET
ajfa-11193	233	27	fe	fe	NOUN
ajfa-11193	233	28	model	model	NOUN
ajfa-11193	233	29	is	be	AUX
ajfa-11193	233	30	preferred	prefer	VERB
ajfa-11193	233	31	.	.	PUNCT
ajfa-11193	234	1	the	the	DET
ajfa-11193	234	2	significant	significant	ADJ
ajfa-11193	234	3	result	result	NOUN
ajfa-11193	234	4	from	from	ADP
ajfa-11193	234	5	ols	ol	NOUN
ajfa-11193	234	6	model	model	NOUN
ajfa-11193	234	7	indicates	indicate	VERB
ajfa-11193	234	8	negative	negative	ADJ
ajfa-11193	234	9	relationship	relationship	NOUN
ajfa-11193	234	10	between	between	ADP
ajfa-11193	234	11	the	the	DET
ajfa-11193	234	12	number	number	NOUN
ajfa-11193	234	13	of	of	ADP
ajfa-11193	234	14	days	day	NOUN
ajfa-11193	234	15	account	account	NOUN
ajfa-11193	234	16	receivable	receivable	NOUN
ajfa-11193	234	17	and	and	CCONJ
ajfa-11193	234	18	profitability	profitability	NOUN
ajfa-11193	234	19	of	of	ADP
ajfa-11193	234	20	indonesian	indonesian	ADJ
ajfa-11193	234	21	real	real	ADJ
ajfa-11193	234	22	estate	estate	NOUN
ajfa-11193	234	23	companies	company	NOUN
ajfa-11193	234	24	.	.	PUNCT
ajfa-11193	235	1	this	this	PRON
ajfa-11193	235	2	is	be	AUX
ajfa-11193	235	3	in	in	ADP
ajfa-11193	235	4	-	-	PUNCT
ajfa-11193	235	5	line	line	NOUN
ajfa-11193	235	6	with	with	ADP
ajfa-11193	235	7	the	the	DET
ajfa-11193	235	8	alternative	alternative	ADJ
ajfa-11193	235	9	hypothesis	hypothesis	NOUN
ajfa-11193	235	10	,	,	PUNCT
ajfa-11193	235	11	and	and	CCONJ
ajfa-11193	235	12	the	the	DET
ajfa-11193	235	13	previous	previous	ADJ
ajfa-11193	235	14	studies	study	NOUN
ajfa-11193	235	15	of	of	ADP
ajfa-11193	235	16	shin	shin	NOUN
ajfa-11193	235	17	and	and	CCONJ
ajfa-11193	235	18	soenen	soenen	NOUN
ajfa-11193	235	19	(	(	PUNCT
ajfa-11193	235	20	1998	1998	NUM
ajfa-11193	235	21	)	)	PUNCT
ajfa-11193	235	22	,	,	PUNCT
ajfa-11193	235	23	deloof	deloof	NOUN
ajfa-11193	235	24	(	(	PUNCT
ajfa-11193	235	25	2003	2003	NUM
ajfa-11193	235	26	)	)	PUNCT
ajfa-11193	235	27	and	and	CCONJ
ajfa-11193	235	28	enqvist	enqvist	NOUN
ajfa-11193	235	29	et	et	PROPN
ajfa-11193	235	30	al	al	PROPN
ajfa-11193	235	31	.	.	PROPN
ajfa-11193	236	1	(	(	PUNCT
ajfa-11193	236	2	2014	2014	NUM
ajfa-11193	236	3	)	)	PUNCT
ajfa-11193	236	4	stating	state	VERB
ajfa-11193	236	5	that	that	SCONJ
ajfa-11193	236	6	a	a	DET
ajfa-11193	236	7	long	long	ADJ
ajfa-11193	236	8	account	account	NOUN
ajfa-11193	236	9	receivable	receivable	NOUN
ajfa-11193	236	10	negatively	negatively	ADV
ajfa-11193	236	11	affects	affect	VERB
ajfa-11193	236	12	liquidity	liquidity	NOUN
ajfa-11193	236	13	because	because	SCONJ
ajfa-11193	236	14	of	of	ADP
ajfa-11193	236	15	the	the	DET
ajfa-11193	236	16	firm	firm	NOUN
ajfa-11193	236	17	’s	’s	PART
ajfa-11193	236	18	slow	slow	ADJ
ajfa-11193	236	19	collection	collection	NOUN
ajfa-11193	236	20	.	.	PUNCT
ajfa-11193	237	1	hence	hence	ADV
ajfa-11193	237	2	,	,	PUNCT
ajfa-11193	237	3	this	this	DET
ajfa-11193	237	4	study	study	NOUN
ajfa-11193	237	5	suggests	suggest	VERB
ajfa-11193	237	6	that	that	SCONJ
ajfa-11193	237	7	indonesian	indonesian	ADJ
ajfa-11193	237	8	real	real	ADJ
ajfa-11193	237	9	estate	estate	NOUN
ajfa-11193	237	10	companies	company	NOUN
ajfa-11193	237	11	shorten	shorten	VERB
ajfa-11193	237	12	their	their	PRON
ajfa-11193	237	13	number	number	NOUN
ajfa-11193	237	14	of	of	ADP
ajfa-11193	237	15	days	day	NOUN
ajfa-11193	237	16	account	account	NOUN
ajfa-11193	237	17	receivable	receivable	ADJ
ajfa-11193	237	18	by	by	ADP
ajfa-11193	237	19	offering	offer	VERB
ajfa-11193	237	20	early	early	ADJ
ajfa-11193	237	21	payment	payment	NOUN
ajfa-11193	237	22	discounts	discount	NOUN
ajfa-11193	237	23	to	to	ADP
ajfa-11193	237	24	customers	customer	NOUN
ajfa-11193	237	25	to	to	PART
ajfa-11193	237	26	streamline	streamline	VERB
ajfa-11193	237	27	the	the	DET
ajfa-11193	237	28	ccc	ccc	NOUN
ajfa-11193	237	29	and	and	CCONJ
ajfa-11193	237	30	create	create	VERB
ajfa-11193	237	31	more	more	ADJ
ajfa-11193	237	32	liquidity	liquidity	NOUN
ajfa-11193	237	33	.	.	PUNCT
ajfa-11193	238	1	the	the	DET
ajfa-11193	238	2	variable	variable	ADJ
ajfa-11193	238	3	number	number	NOUN
ajfa-11193	238	4	of	of	ADP
ajfa-11193	238	5	days	day	NOUN
ajfa-11193	238	6	inventories	inventory	NOUN
ajfa-11193	238	7	has	have	VERB
ajfa-11193	238	8	positive	positive	ADJ
ajfa-11193	238	9	significant	significant	ADJ
ajfa-11193	238	10	relationship	relationship	NOUN
ajfa-11193	238	11	with	with	ADP
ajfa-11193	238	12	profitability	profitability	NOUN
ajfa-11193	238	13	based	base	VERB
ajfa-11193	238	14	on	on	ADP
ajfa-11193	238	15	the	the	DET
ajfa-11193	238	16	ols	ol	NOUN
ajfa-11193	238	17	model	model	NOUN
ajfa-11193	238	18	,	,	PUNCT
ajfa-11193	238	19	which	which	PRON
ajfa-11193	238	20	means	mean	VERB
ajfa-11193	238	21	that	that	SCONJ
ajfa-11193	238	22	higher	high	ADJ
ajfa-11193	238	23	inventories	inventory	NOUN
ajfa-11193	238	24	help	help	VERB
ajfa-11193	238	25	companies	company	NOUN
ajfa-11193	238	26	generate	generate	VERB
ajfa-11193	238	27	better	well	ADJ
ajfa-11193	238	28	profit	profit	NOUN
ajfa-11193	238	29	.	.	PUNCT
ajfa-11193	239	1	this	this	DET
ajfa-11193	239	2	finding	finding	NOUN
ajfa-11193	239	3	is	be	AUX
ajfa-11193	239	4	not	not	PART
ajfa-11193	239	5	consistent	consistent	ADJ
ajfa-11193	239	6	with	with	ADP
ajfa-11193	239	7	the	the	DET
ajfa-11193	239	8	previous	previous	ADJ
ajfa-11193	239	9	studies	study	NOUN
ajfa-11193	239	10	of	of	ADP
ajfa-11193	239	11	shin	shin	NOUN
ajfa-11193	239	12	and	and	CCONJ
ajfa-11193	239	13	soenen	soenen	NOUN
ajfa-11193	239	14	(	(	PUNCT
ajfa-11193	239	15	1998	1998	NUM
ajfa-11193	239	16	)	)	PUNCT
ajfa-11193	239	17	and	and	CCONJ
ajfa-11193	239	18	enqvist	enqvist	NOUN
ajfa-11193	239	19	et	et	PROPN
ajfa-11193	239	20	al	al	PROPN
ajfa-11193	239	21	.	.	PROPN
ajfa-11193	240	1	(	(	PUNCT
ajfa-11193	240	2	2014	2014	NUM
ajfa-11193	240	3	)	)	PUNCT
ajfa-11193	240	4	,	,	PUNCT
ajfa-11193	240	5	and	and	CCONJ
ajfa-11193	240	6	also	also	ADV
ajfa-11193	240	7	contradicts	contradict	VERB
ajfa-11193	240	8	with	with	ADP
ajfa-11193	240	9	the	the	DET
ajfa-11193	240	10	alternative	alternative	ADJ
ajfa-11193	240	11	hypothesis	hypothesis	NOUN
ajfa-11193	240	12	.	.	PUNCT
ajfa-11193	241	1	however	however	ADV
ajfa-11193	241	2	,	,	PUNCT
ajfa-11193	241	3	deloof	deloof	NOUN
ajfa-11193	241	4	(	(	PUNCT
ajfa-11193	241	5	2003	2003	NUM
ajfa-11193	241	6	)	)	PUNCT
ajfa-11193	241	7	argued	argue	VERB
ajfa-11193	241	8	that	that	SCONJ
ajfa-11193	241	9	larger	large	ADJ
ajfa-11193	241	10	inventories	inventory	NOUN
ajfa-11193	241	11	can	can	AUX
ajfa-11193	241	12	prevent	prevent	VERB
ajfa-11193	241	13	stock	stock	NOUN
ajfa-11193	241	14	-	-	PUNCT
ajfa-11193	241	15	outs	out	NOUN
ajfa-11193	241	16	that	that	PRON
ajfa-11193	241	17	results	result	VERB
ajfa-11193	241	18	to	to	ADP
ajfa-11193	241	19	additional	additional	ADJ
ajfa-11193	241	20	sales	sale	NOUN
ajfa-11193	241	21	.	.	PUNCT
ajfa-11193	242	1	hence	hence	ADV
ajfa-11193	242	2	,	,	PUNCT
ajfa-11193	242	3	this	this	DET
ajfa-11193	242	4	study	study	NOUN
ajfa-11193	242	5	argues	argue	VERB
ajfa-11193	242	6	that	that	SCONJ
ajfa-11193	242	7	indonesian	indonesian	ADJ
ajfa-11193	242	8	real	real	ADJ
ajfa-11193	242	9	estate	estate	NOUN
ajfa-11193	242	10	companies	company	NOUN
ajfa-11193	242	11	in	in	ADP
ajfa-11193	242	12	general	general	ADJ
ajfa-11193	242	13	can	can	AUX
ajfa-11193	242	14	still	still	ADV
ajfa-11193	242	15	maintain	maintain	VERB
ajfa-11193	242	16	a	a	DET
ajfa-11193	242	17	healthy	healthy	ADJ
ajfa-11193	242	18	higher	high	ADJ
ajfa-11193	242	19	level	level	NOUN
ajfa-11193	242	20	of	of	ADP
ajfa-11193	242	21	inventories	inventory	NOUN
ajfa-11193	242	22	to	to	PART
ajfa-11193	242	23	serve	serve	VERB
ajfa-11193	242	24	higher	high	ADJ
ajfa-11193	242	25	unexpected	unexpected	ADJ
ajfa-11193	242	26	demand	demand	NOUN
ajfa-11193	242	27	,	,	PUNCT
ajfa-11193	242	28	but	but	CCONJ
ajfa-11193	242	29	this	this	PRON
ajfa-11193	242	30	should	should	AUX
ajfa-11193	242	31	be	be	AUX
ajfa-11193	242	32	compensated	compensate	VERB
ajfa-11193	242	33	by	by	ADP
ajfa-11193	242	34	higher	high	ADJ
ajfa-11193	242	35	liquid	liquid	ADJ
ajfa-11193	242	36	assets	asset	NOUN
ajfa-11193	242	37	like	like	ADP
ajfa-11193	242	38	cash	cash	NOUN
ajfa-11193	242	39	or	or	CCONJ
ajfa-11193	242	40	near	near	ADP
ajfa-11193	242	41	cash	cash	NOUN
ajfa-11193	242	42	securities	security	NOUN
ajfa-11193	242	43	to	to	PART
ajfa-11193	242	44	support	support	VERB
ajfa-11193	242	45	the	the	DET
ajfa-11193	242	46	maintenance	maintenance	NOUN
ajfa-11193	242	47	of	of	ADP
ajfa-11193	242	48	real	real	ADJ
ajfa-11193	242	49	estate	estate	NOUN
ajfa-11193	242	50	properties	property	NOUN
ajfa-11193	242	51	.	.	PUNCT
ajfa-11193	243	1	size	size	NOUN
ajfa-11193	243	2	has	have	VERB
ajfa-11193	243	3	significant	significant	ADJ
ajfa-11193	243	4	positive	positive	ADJ
ajfa-11193	243	5	relationship	relationship	NOUN
ajfa-11193	243	6	with	with	ADP
ajfa-11193	243	7	profitability	profitability	NOUN
ajfa-11193	243	8	as	as	ADP
ajfa-11193	243	9	per	per	ADP
ajfa-11193	243	10	the	the	DET
ajfa-11193	243	11	results	result	NOUN
ajfa-11193	243	12	of	of	ADP
ajfa-11193	243	13	both	both	CCONJ
ajfa-11193	243	14	the	the	DET
ajfa-11193	243	15	ols	ol	NOUN
ajfa-11193	243	16	and	and	CCONJ
ajfa-11193	243	17	the	the	DET
ajfa-11193	243	18	fe	fe	NOUN
ajfa-11193	243	19	models	model	NOUN
ajfa-11193	243	20	,	,	PUNCT
ajfa-11193	243	21	and	and	CCONJ
ajfa-11193	243	22	is	be	AUX
ajfa-11193	243	23	consistent	consistent	ADJ
ajfa-11193	243	24	with	with	ADP
ajfa-11193	243	25	the	the	DET
ajfa-11193	243	26	alternative	alternative	ADJ
ajfa-11193	243	27	hypothesis	hypothesis	NOUN
ajfa-11193	243	28	of	of	ADP
ajfa-11193	243	29	the	the	DET
ajfa-11193	243	30	study	study	NOUN
ajfa-11193	243	31	and	and	CCONJ
ajfa-11193	243	32	supports	support	VERB
ajfa-11193	243	33	the	the	DET
ajfa-11193	243	34	previous	previous	ADJ
ajfa-11193	243	35	findings	finding	NOUN
ajfa-11193	243	36	of	of	ADP
ajfa-11193	243	37	deloof	deloof	NOUN
ajfa-11193	243	38	(	(	PUNCT
ajfa-11193	243	39	2003	2003	NUM
ajfa-11193	243	40	)	)	PUNCT
ajfa-11193	243	41	,	,	PUNCT
ajfa-11193	243	42	garcia	garcia	PROPN
ajfa-11193	243	43	-	-	PUNCT
ajfa-11193	243	44	teruel	teruel	PROPN
ajfa-11193	243	45	and	and	CCONJ
ajfa-11193	243	46	martinez	martinez	PROPN
ajfa-11193	243	47	-	-	PUNCT
ajfa-11193	243	48	solano	solano	PROPN
ajfa-11193	243	49	(	(	PUNCT
ajfa-11193	243	50	2007	2007	NUM
ajfa-11193	243	51	)	)	PUNCT
ajfa-11193	243	52	,	,	PUNCT
ajfa-11193	243	53	and	and	CCONJ
ajfa-11193	243	54	asian	asian	ADJ
ajfa-11193	243	55	journal	journal	NOUN
ajfa-11193	243	56	of	of	ADP
ajfa-11193	243	57	finance	finance	PROPN
ajfa-11193	243	58	&	&	CCONJ
ajfa-11193	243	59	accounting	accounting	PROPN
ajfa-11193	243	60	issn	issn	PROPN
ajfa-11193	243	61	1946	1946	NUM
ajfa-11193	243	62	-	-	PUNCT
ajfa-11193	243	63	052x	052x	PROPN
ajfa-11193	243	64	2017	2017	NUM
ajfa-11193	243	65	,	,	PUNCT
ajfa-11193	243	66	vol	vol	NOUN
ajfa-11193	243	67	.	.	NOUN
ajfa-11193	243	68	9	9	NUM
ajfa-11193	243	69	,	,	PUNCT
ajfa-11193	243	70	no	no	INTJ
ajfa-11193	243	71	.	.	NOUN
ajfa-11193	243	72	1	1	NUM
ajfa-11193	243	73	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11193	243	74	412	412	NUM
ajfa-11193	243	75	pervan	pervan	NOUN
ajfa-11193	243	76	and	and	CCONJ
ajfa-11193	243	77	višić	višić	ADJ
ajfa-11193	243	78	(	(	PUNCT
ajfa-11193	243	79	2012	2012	NUM
ajfa-11193	243	80	)	)	PUNCT
ajfa-11193	243	81	.	.	PUNCT
ajfa-11193	244	1	these	these	DET
ajfa-11193	244	2	papers	paper	NOUN
ajfa-11193	244	3	claimed	claim	VERB
ajfa-11193	244	4	that	that	SCONJ
ajfa-11193	244	5	large	large	ADJ
ajfa-11193	244	6	companies	company	NOUN
ajfa-11193	244	7	can	can	AUX
ajfa-11193	244	8	benefit	benefit	VERB
ajfa-11193	244	9	from	from	ADP
ajfa-11193	244	10	its	its	PRON
ajfa-11193	244	11	size	size	NOUN
ajfa-11193	244	12	because	because	SCONJ
ajfa-11193	244	13	of	of	ADP
ajfa-11193	244	14	bigger	big	ADJ
ajfa-11193	244	15	asset	asset	NOUN
ajfa-11193	244	16	base	base	NOUN
ajfa-11193	244	17	that	that	PRON
ajfa-11193	244	18	transforms	transform	VERB
ajfa-11193	244	19	to	to	ADP
ajfa-11193	244	20	more	more	ADJ
ajfa-11193	244	21	productivity	productivity	NOUN
ajfa-11193	244	22	.	.	PUNCT
ajfa-11193	245	1	they	they	PRON
ajfa-11193	245	2	also	also	ADV
ajfa-11193	245	3	have	have	VERB
ajfa-11193	245	4	larger	large	ADJ
ajfa-11193	245	5	network	network	NOUN
ajfa-11193	245	6	that	that	PRON
ajfa-11193	245	7	reaches	reach	VERB
ajfa-11193	245	8	more	more	ADJ
ajfa-11193	245	9	clients	client	NOUN
ajfa-11193	245	10	,	,	PUNCT
ajfa-11193	245	11	and	and	CCONJ
ajfa-11193	245	12	higher	high	ADJ
ajfa-11193	245	13	market	market	NOUN
ajfa-11193	245	14	power	power	NOUN
ajfa-11193	245	15	that	that	PRON
ajfa-11193	245	16	allows	allow	VERB
ajfa-11193	245	17	them	they	PRON
ajfa-11193	245	18	to	to	PART
ajfa-11193	245	19	charge	charge	VERB
ajfa-11193	245	20	premium	premium	NOUN
ajfa-11193	245	21	prices	price	NOUN
ajfa-11193	245	22	,	,	PUNCT
ajfa-11193	245	23	thus	thus	ADV
ajfa-11193	245	24	higher	high	ADJ
ajfa-11193	245	25	profits	profit	NOUN
ajfa-11193	245	26	.	.	PUNCT
ajfa-11193	246	1	table	table	NOUN
ajfa-11193	246	2	5	5	NUM
ajfa-11193	246	3	.	.	PUNCT
ajfa-11193	247	1	summary	summary	NOUN
ajfa-11193	247	2	of	of	ADP
ajfa-11193	247	3	the	the	DET
ajfa-11193	247	4	relationship	relationship	NOUN
ajfa-11193	247	5	between	between	ADP
ajfa-11193	247	6	the	the	DET
ajfa-11193	247	7	dependent	dependent	ADJ
ajfa-11193	247	8	and	and	CCONJ
ajfa-11193	247	9	independent	independent	ADJ
ajfa-11193	247	10	variables	variable	NOUN
ajfa-11193	247	11	note	note	VERB
ajfa-11193	247	12	:	:	PUNCT
ajfa-11193	247	13	*	*	PUNCT
ajfa-11193	247	14	means	mean	VERB
ajfa-11193	247	15	significant	significant	ADJ
ajfa-11193	247	16	results	result	NOUN
ajfa-11193	247	17	current	current	ADJ
ajfa-11193	247	18	ratio	ratio	NOUN
ajfa-11193	247	19	has	have	VERB
ajfa-11193	247	20	a	a	DET
ajfa-11193	247	21	negative	negative	ADJ
ajfa-11193	247	22	significant	significant	ADJ
ajfa-11193	247	23	relationship	relationship	NOUN
ajfa-11193	247	24	based	base	VERB
ajfa-11193	247	25	on	on	ADP
ajfa-11193	247	26	the	the	DET
ajfa-11193	247	27	ols	ol	NOUN
ajfa-11193	247	28	model	model	NOUN
ajfa-11193	247	29	alone	alone	ADV
ajfa-11193	247	30	.	.	PUNCT
ajfa-11193	248	1	this	this	PRON
ajfa-11193	248	2	is	be	AUX
ajfa-11193	248	3	beyond	beyond	ADP
ajfa-11193	248	4	the	the	DET
ajfa-11193	248	5	expectations	expectation	NOUN
ajfa-11193	248	6	of	of	ADP
ajfa-11193	248	7	the	the	DET
ajfa-11193	248	8	study	study	NOUN
ajfa-11193	248	9	and	and	CCONJ
ajfa-11193	248	10	inconsistent	inconsistent	ADJ
ajfa-11193	248	11	with	with	ADP
ajfa-11193	248	12	the	the	DET
ajfa-11193	248	13	alternative	alternative	ADJ
ajfa-11193	248	14	hypotheses	hypothesis	NOUN
ajfa-11193	248	15	.	.	PUNCT
ajfa-11193	249	1	however	however	ADV
ajfa-11193	249	2	,	,	PUNCT
ajfa-11193	249	3	this	this	DET
ajfa-11193	249	4	result	result	NOUN
ajfa-11193	249	5	finds	find	VERB
ajfa-11193	249	6	support	support	NOUN
ajfa-11193	249	7	from	from	ADP
ajfa-11193	249	8	the	the	DET
ajfa-11193	249	9	previous	previous	ADJ
ajfa-11193	249	10	studies	study	NOUN
ajfa-11193	249	11	of	of	ADP
ajfa-11193	249	12	vieira	vieira	PROPN
ajfa-11193	249	13	(	(	PUNCT
ajfa-11193	249	14	2010	2010	NUM
ajfa-11193	249	15	)	)	PUNCT
ajfa-11193	249	16	,	,	PUNCT
ajfa-11193	249	17	who	who	PRON
ajfa-11193	249	18	argued	argue	VERB
ajfa-11193	249	19	that	that	SCONJ
ajfa-11193	249	20	high	high	ADJ
ajfa-11193	249	21	current	current	ADJ
ajfa-11193	249	22	ratio	ratio	NOUN
ajfa-11193	249	23	is	be	AUX
ajfa-11193	249	24	undesirable	undesirable	ADJ
ajfa-11193	249	25	due	due	ADP
ajfa-11193	249	26	to	to	ADP
ajfa-11193	249	27	the	the	DET
ajfa-11193	249	28	additional	additional	ADJ
ajfa-11193	249	29	cost	cost	NOUN
ajfa-11193	249	30	of	of	ADP
ajfa-11193	249	31	maintaining	maintain	VERB
ajfa-11193	249	32	what	what	PRON
ajfa-11193	249	33	’s	’s	AUX
ajfa-11193	249	34	being	be	AUX
ajfa-11193	249	35	generated	generate	VERB
ajfa-11193	249	36	by	by	ADP
ajfa-11193	249	37	the	the	DET
ajfa-11193	249	38	current	current	ADJ
ajfa-11193	249	39	asset	asset	NOUN
ajfa-11193	249	40	,	,	PUNCT
ajfa-11193	249	41	which	which	PRON
ajfa-11193	249	42	lead	lead	VERB
ajfa-11193	249	43	to	to	ADP
ajfa-11193	249	44	decreased	decrease	VERB
ajfa-11193	249	45	profitability	profitability	NOUN
ajfa-11193	249	46	.	.	PUNCT
ajfa-11193	250	1	a	a	DET
ajfa-11193	250	2	later	later	ADJ
ajfa-11193	250	3	study	study	NOUN
ajfa-11193	250	4	of	of	ADP
ajfa-11193	250	5	pervan	pervan	PROPN
ajfa-11193	250	6	and	and	CCONJ
ajfa-11193	250	7	višić	višić	PROPN
ajfa-11193	250	8	(	(	PUNCT
ajfa-11193	250	9	2012	2012	NUM
ajfa-11193	250	10	)	)	PUNCT
ajfa-11193	250	11	supported	support	VERB
ajfa-11193	250	12	this	this	DET
ajfa-11193	250	13	claim	claim	NOUN
ajfa-11193	250	14	,	,	PUNCT
ajfa-11193	250	15	who	who	PRON
ajfa-11193	250	16	explained	explain	VERB
ajfa-11193	250	17	that	that	SCONJ
ajfa-11193	250	18	liquidity	liquidity	NOUN
ajfa-11193	250	19	and	and	CCONJ
ajfa-11193	250	20	profitability	profitability	NOUN
ajfa-11193	250	21	compliment	compliment	NOUN
ajfa-11193	250	22	each	each	DET
ajfa-11193	250	23	other	other	ADJ
ajfa-11193	250	24	up	up	ADP
ajfa-11193	250	25	to	to	ADP
ajfa-11193	250	26	a	a	DET
ajfa-11193	250	27	certain	certain	ADJ
ajfa-11193	250	28	level	level	NOUN
ajfa-11193	250	29	,	,	PUNCT
ajfa-11193	250	30	then	then	ADV
ajfa-11193	250	31	profitability	profitability	NOUN
ajfa-11193	250	32	will	will	AUX
ajfa-11193	250	33	remain	remain	VERB
ajfa-11193	250	34	constant	constant	ADJ
ajfa-11193	250	35	even	even	ADV
ajfa-11193	250	36	when	when	SCONJ
ajfa-11193	250	37	liquidity	liquidity	NOUN
ajfa-11193	250	38	improves	improve	VERB
ajfa-11193	250	39	and	and	CCONJ
ajfa-11193	250	40	exceeds	exceed	VERB
ajfa-11193	250	41	a	a	DET
ajfa-11193	250	42	certain	certain	ADJ
ajfa-11193	250	43	level	level	NOUN
ajfa-11193	250	44	.	.	PUNCT
ajfa-11193	251	1	these	these	DET
ajfa-11193	251	2	explanations	explanation	NOUN
ajfa-11193	251	3	are	be	AUX
ajfa-11193	251	4	all	all	ADV
ajfa-11193	251	5	related	related	ADJ
ajfa-11193	251	6	with	with	ADP
ajfa-11193	251	7	piling	pile	VERB
ajfa-11193	251	8	inventories	inventory	NOUN
ajfa-11193	251	9	,	,	PUNCT
ajfa-11193	251	10	which	which	PRON
ajfa-11193	251	11	is	be	AUX
ajfa-11193	251	12	a	a	DET
ajfa-11193	251	13	huge	huge	ADJ
ajfa-11193	251	14	part	part	NOUN
ajfa-11193	251	15	of	of	ADP
ajfa-11193	251	16	real	real	ADJ
ajfa-11193	251	17	estate	estate	NOUN
ajfa-11193	251	18	companies	company	NOUN
ajfa-11193	251	19	’	'	PUNCT
ajfa-11193	251	20	current	current	ADJ
ajfa-11193	251	21	assets	asset	NOUN
ajfa-11193	251	22	,	,	PUNCT
ajfa-11193	251	23	and	and	CCONJ
ajfa-11193	251	24	the	the	DET
ajfa-11193	251	25	culprit	culprit	NOUN
ajfa-11193	251	26	in	in	ADP
ajfa-11193	251	27	increasing	increase	VERB
ajfa-11193	251	28	maintenance	maintenance	NOUN
ajfa-11193	251	29	costs	cost	NOUN
ajfa-11193	251	30	.	.	PUNCT
ajfa-11193	252	1	thus	thus	ADV
ajfa-11193	252	2	,	,	PUNCT
ajfa-11193	252	3	this	this	DET
ajfa-11193	252	4	paper	paper	NOUN
ajfa-11193	252	5	suggests	suggest	VERB
ajfa-11193	252	6	to	to	PART
ajfa-11193	252	7	pull	pull	VERB
ajfa-11193	252	8	down	down	ADP
ajfa-11193	252	9	the	the	DET
ajfa-11193	252	10	cost	cost	NOUN
ajfa-11193	252	11	of	of	ADP
ajfa-11193	252	12	inventories	inventory	NOUN
ajfa-11193	252	13	for	for	ADP
ajfa-11193	252	14	all	all	DET
ajfa-11193	252	15	indonesian	indonesian	ADJ
ajfa-11193	252	16	real	real	ADJ
ajfa-11193	252	17	estate	estate	NOUN
ajfa-11193	252	18	firms	firm	NOUN
ajfa-11193	252	19	by	by	ADP
ajfa-11193	252	20	making	make	VERB
ajfa-11193	252	21	routine	routine	ADJ
ajfa-11193	252	22	demand	demand	NOUN
ajfa-11193	252	23	forecast	forecast	NOUN
ajfa-11193	252	24	to	to	PART
ajfa-11193	252	25	reduce	reduce	VERB
ajfa-11193	252	26	overstocks	overstock	NOUN
ajfa-11193	252	27	of	of	ADP
ajfa-11193	252	28	real	real	ADJ
ajfa-11193	252	29	estate	estate	NOUN
ajfa-11193	252	30	properties	property	NOUN
ajfa-11193	252	31	,	,	PUNCT
ajfa-11193	252	32	but	but	CCONJ
ajfa-11193	252	33	should	should	AUX
ajfa-11193	252	34	still	still	ADV
ajfa-11193	252	35	maintain	maintain	VERB
ajfa-11193	252	36	a	a	DET
ajfa-11193	252	37	reasonable	reasonable	ADJ
ajfa-11193	252	38	amount	amount	NOUN
ajfa-11193	252	39	of	of	ADP
ajfa-11193	252	40	cash	cash	NOUN
ajfa-11193	252	41	to	to	PART
ajfa-11193	252	42	support	support	VERB
ajfa-11193	252	43	a	a	DET
ajfa-11193	252	44	smooth	smooth	NOUN
ajfa-11193	252	45	-	-	PUNCT
ajfa-11193	252	46	running	running	NOUN
ajfa-11193	252	47	of	of	ADP
ajfa-11193	252	48	day	day	NOUN
ajfa-11193	252	49	-	-	PUNCT
ajfa-11193	252	50	to	to	ADP
ajfa-11193	252	51	-	-	PUNCT
ajfa-11193	252	52	day	day	NOUN
ajfa-11193	252	53	operations	operation	NOUN
ajfa-11193	252	54	.	.	PUNCT
ajfa-11193	253	1	ar	ar	PROPN
ajfa-11193	253	2	in	in	ADP
ajfa-11193	253	3	ap	ap	PROPN
ajfa-11193	253	4	size	size	NOUN
ajfa-11193	253	5	cr	cr	PROPN
ajfa-11193	253	6	dr	dr	PROPN
ajfa-11193	253	7	sg	sg	PROPN
ajfa-11193	253	8	tang	tang	PROPN
ajfa-11193	253	9	expectation	expectation	NOUN
ajfa-11193	253	10	+	+	CCONJ
ajfa-11193	254	1	+	+	CCONJ
ajfa-11193	254	2	+	+	CCONJ
ajfa-11193	254	3	a	a	DET
ajfa-11193	254	4	llsiz	llsiz	NOUN
ajfa-11193	254	5	e	e	NOUN
ajfa-11193	254	6	ols	ol	NOUN
ajfa-11193	254	7	-	-	PUNCT
ajfa-11193	254	8	*	*	PUNCT
ajfa-11193	255	1	+	+	PUNCT
ajfa-11193	255	2	*	*	PUNCT
ajfa-11193	255	3	+	+	NOUN
ajfa-11193	255	4	*	*	X
ajfa-11193	255	5	-	-	PUNCT
ajfa-11193	255	6	*	*	PUNCT
ajfa-11193	256	1	+	+	PUNCT
ajfa-11193	257	1	+	+	ADJ
ajfa-11193	257	2	*	*	AUX
ajfa-11193	257	3	fixed	fix	VERB
ajfa-11193	258	1	+	+	X
ajfa-11193	258	2	+	+	PROPN
ajfa-11193	258	3	*	*	ADJ
ajfa-11193	258	4	+	+	NOUN
ajfa-11193	258	5	*	*	X
ajfa-11193	258	6	-	-	PUNCT
ajfa-11193	258	7	*	*	PUNCT
ajfa-11193	258	8	+	+	PROPN
ajfa-11193	258	9	*	*	ADJ
ajfa-11193	258	10	-	-	PUNCT
ajfa-11193	258	11	*	*	ADJ
ajfa-11193	258	12	random	random	ADJ
ajfa-11193	258	13	-	-	PUNCT
ajfa-11193	258	14	*	*	PUNCT
ajfa-11193	259	1	+	+	PUNCT
ajfa-11193	260	1	+	+	PUNCT
ajfa-11193	260	2	+	+	ADJ
ajfa-11193	260	3	*	*	X
ajfa-11193	260	4	-	-	PUNCT
ajfa-11193	260	5	*	*	PUNCT
ajfa-11193	261	1	+	+	PUNCT
ajfa-11193	261	2	+	+	PUNCT
ajfa-11193	261	3	la	la	X
ajfa-11193	261	4	rg	rg	PROPN
ajfa-11193	261	5	esiz	esiz	PROPN
ajfa-11193	261	6	e	e	PROPN
ajfa-11193	261	7	ols	ols	PROPN
ajfa-11193	261	8	-	-	PUNCT
ajfa-11193	261	9	*	*	PUNCT
ajfa-11193	262	1	+	+	NOUN
ajfa-11193	262	2	*	*	X
ajfa-11193	262	3	-	-	PUNCT
ajfa-11193	262	4	*	*	PUNCT
ajfa-11193	262	5	+	+	PUNCT
ajfa-11193	262	6	*	*	PUNCT
ajfa-11193	262	7	+	+	NOUN
ajfa-11193	262	8	*	*	ADJ
ajfa-11193	262	9	-	-	PUNCT
ajfa-11193	262	10	*	*	VERB
ajfa-11193	262	11	fixed	fix	VERB
ajfa-11193	262	12	+	+	X
ajfa-11193	262	13	+	+	PROPN
ajfa-11193	262	14	*	*	PUNCT
ajfa-11193	262	15	+	+	NOUN
ajfa-11193	262	16	*	*	PUNCT
ajfa-11193	262	17	+	+	PUNCT
ajfa-11193	262	18	*	*	PUNCT
ajfa-11193	262	19	+	+	NOUN
ajfa-11193	262	20	*	*	X
ajfa-11193	262	21	-	-	PUNCT
ajfa-11193	262	22	*	*	PUNCT
ajfa-11193	262	23	+	+	PROPN
ajfa-11193	262	24	*	*	ADJ
ajfa-11193	262	25	-	-	PUNCT
ajfa-11193	262	26	*	*	ADJ
ajfa-11193	262	27	random	random	ADJ
ajfa-11193	262	28	-	-	PUNCT
ajfa-11193	262	29	*	*	PUNCT
ajfa-11193	262	30	+	+	PUNCT
ajfa-11193	262	31	*	*	PUNCT
ajfa-11193	263	1	+	+	PUNCT
ajfa-11193	263	2	+	+	ADJ
ajfa-11193	263	3	*	*	ADJ
ajfa-11193	263	4	+	+	NUM
ajfa-11193	263	5	-	-	PUNCT
ajfa-11193	263	6	*	*	PUNCT
ajfa-11193	263	7	+	+	PROPN
ajfa-11193	263	8	*	*	ADJ
ajfa-11193	263	9	-	-	PUNCT
ajfa-11193	263	10	*	*	VERB
ajfa-11193	263	11	m	m	NOUN
ajfa-11193	263	12	ed	ed	NOUN
ajfa-11193	263	13	iu	iu	ADP
ajfa-11193	263	14	m	m	PROPN
ajfa-11193	263	15	-s	-s	INTJ
ajfa-11193	263	16	iz	iz	INTJ
ajfa-11193	263	17	e	e	NOUN
ajfa-11193	263	18	ols	ol	NOUN
ajfa-11193	263	19	+	+	X
ajfa-11193	263	20	+	+	PUNCT
ajfa-11193	263	21	+	+	ADJ
ajfa-11193	263	22	*	*	AUX
ajfa-11193	263	23	fixed	fix	VERB
ajfa-11193	263	24	+	+	NOUN
ajfa-11193	263	25	*	*	X
ajfa-11193	263	26	+	+	ADJ
ajfa-11193	263	27	+	+	CCONJ
ajfa-11193	263	28	random	random	ADJ
ajfa-11193	263	29	+	+	NOUN
ajfa-11193	264	1	+	+	PUNCT
ajfa-11193	265	1	+	+	PROPN
ajfa-11193	265	2	*	*	PROPN
ajfa-11193	265	3	sm	sm	PROPN
ajfa-11193	265	4	al	al	PROPN
ajfa-11193	265	5	l	l	PROPN
ajfa-11193	265	6	-	-	PROPN
ajfa-11193	265	7	s	s	X
ajfa-11193	265	8	iz	iz	ADP
ajfa-11193	265	9	e	e	NOUN
ajfa-11193	265	10	ols	ol	NOUN
ajfa-11193	265	11	-	-	PUNCT
ajfa-11193	265	12	*	*	PUNCT
ajfa-11193	265	13	+	+	PUNCT
ajfa-11193	266	1	+	+	ADJ
ajfa-11193	266	2	*	*	X
ajfa-11193	266	3	-	-	PUNCT
ajfa-11193	266	4	*	*	PUNCT
ajfa-11193	266	5	+	+	CCONJ
ajfa-11193	266	6	+	+	CCONJ
ajfa-11193	266	7	fixed	fixed	ADJ
ajfa-11193	266	8	+	+	NOUN
ajfa-11193	266	9	-	-	PUNCT
ajfa-11193	266	10	*	*	PUNCT
ajfa-11193	266	11	+	+	PROPN
ajfa-11193	266	12	*	*	ADJ
ajfa-11193	266	13	+	+	NUM
ajfa-11193	266	14	-	-	ADJ
ajfa-11193	266	15	*	*	PUNCT
ajfa-11193	266	16	-	-	PUNCT
ajfa-11193	266	17	*	*	PUNCT
ajfa-11193	266	18	+	+	PUNCT
ajfa-11193	266	19	*	*	X
ajfa-11193	266	20	+	+	CCONJ
ajfa-11193	266	21	random	random	ADJ
ajfa-11193	266	22	+	+	X
ajfa-11193	267	1	+	+	PUNCT
ajfa-11193	267	2	+	+	ADJ
ajfa-11193	267	3	*	*	ADJ
ajfa-11193	267	4	-	-	PUNCT
ajfa-11193	267	5	*	*	PUNCT
ajfa-11193	267	6	-	-	PUNCT
ajfa-11193	267	7	*	*	PUNCT
ajfa-11193	267	8	+	+	CCONJ
ajfa-11193	267	9	+	+	CCONJ
ajfa-11193	267	10	asian	asian	ADJ
ajfa-11193	267	11	journal	journal	NOUN
ajfa-11193	267	12	of	of	ADP
ajfa-11193	267	13	finance	finance	PROPN
ajfa-11193	267	14	&	&	CCONJ
ajfa-11193	267	15	accounting	accounting	PROPN
ajfa-11193	267	16	issn	issn	PROPN
ajfa-11193	267	17	1946	1946	NUM
ajfa-11193	267	18	-	-	PUNCT
ajfa-11193	267	19	052x	052x	PROPN
ajfa-11193	267	20	2017	2017	NUM
ajfa-11193	267	21	,	,	PUNCT
ajfa-11193	267	22	vol	vol	NOUN
ajfa-11193	267	23	.	.	NOUN
ajfa-11193	267	24	9	9	NUM
ajfa-11193	267	25	,	,	PUNCT
ajfa-11193	267	26	no	no	INTJ
ajfa-11193	267	27	.	.	NOUN
ajfa-11193	267	28	1	1	NUM
ajfa-11193	267	29	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	267	30	413	413	NUM
ajfa-11193	267	31	table	table	NOUN
ajfa-11193	267	32	6	6	NUM
ajfa-11193	267	33	.	.	PUNCT
ajfa-11193	267	34	multiple	multiple	ADJ
ajfa-11193	267	35	regression	regression	NOUN
ajfa-11193	267	36	results	result	NOUN
ajfa-11193	267	37	for	for	ADP
ajfa-11193	267	38	all	all	DET
ajfa-11193	267	39	indonesian	indonesian	ADJ
ajfa-11193	267	40	real	real	ADJ
ajfa-11193	267	41	estate	estate	NOUN
ajfa-11193	267	42	companies	company	NOUN
ajfa-11193	267	43	group	group	NOUN
ajfa-11193	267	44	(	(	PUNCT
ajfa-11193	267	45	all	all	DET
ajfa-11193	267	46	sizes	size	NOUN
ajfa-11193	267	47	)	)	PUNCT
ajfa-11193	267	48	ols	ol	NOUN
ajfa-11193	267	49	(	(	PUNCT
ajfa-11193	267	50	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	267	51	corrected	correct	VERB
ajfa-11193	267	52	)	)	PUNCT
ajfa-11193	267	53	fe	fe	X
ajfa-11193	267	54	re	re	X
ajfa-11193	267	55	ar	ar	PROPN
ajfa-11193	267	56	−0.000	−0.000	NOUN
ajfa-11193	267	57	*	*	PUNCT
ajfa-11193	267	58	*	*	PUNCT
ajfa-11193	267	59	*	*	PUNCT
ajfa-11193	267	60	(	(	PUNCT
ajfa-11193	267	61	0.000	0.000	NUM
ajfa-11193	267	62	)	)	PUNCT
ajfa-11193	267	63	−0.000	−0.000	NOUN
ajfa-11193	267	64	(	(	PUNCT
ajfa-11193	267	65	0.449	0.449	NUM
ajfa-11193	267	66	)	)	PUNCT
ajfa-11193	267	67	−0.000	−0.000	NOUN
ajfa-11193	267	68	*	*	PUNCT
ajfa-11193	267	69	*	*	PUNCT
ajfa-11193	267	70	*	*	PUNCT
ajfa-11193	267	71	(	(	PUNCT
ajfa-11193	267	72	0.001	0.001	NUM
ajfa-11193	267	73	)	)	PUNCT
ajfa-11193	267	74	in	in	ADP
ajfa-11193	267	75	0.000	0.000	NUM
ajfa-11193	267	76	*	*	PUNCT
ajfa-11193	267	77	(	(	PUNCT
ajfa-11193	267	78	0.050	0.050	NUM
ajfa-11193	267	79	)	)	PUNCT
ajfa-11193	267	80	0.000	0.000	NUM
ajfa-11193	267	81	(	(	PUNCT
ajfa-11193	267	82	0.147	0.147	NUM
ajfa-11193	267	83	)	)	PUNCT
ajfa-11193	267	84	0.000	0.000	NUM
ajfa-11193	267	85	(	(	PUNCT
ajfa-11193	267	86	0.401	0.401	NUM
ajfa-11193	267	87	)	)	PUNCT
ajfa-11193	267	88	ap	ap	NOUN
ajfa-11193	267	89	−0.000	−0.000	NOUN
ajfa-11193	267	90	(	(	PUNCT
ajfa-11193	267	91	0.817	0.817	NUM
ajfa-11193	267	92	)	)	PUNCT
ajfa-11193	267	93	0.000	0.000	NUM
ajfa-11193	268	1	*	*	PUNCT
ajfa-11193	268	2	*	*	PUNCT
ajfa-11193	268	3	*	*	PUNCT
ajfa-11193	268	4	(	(	PUNCT
ajfa-11193	268	5	0.008	0.008	NUM
ajfa-11193	268	6	)	)	PUNCT
ajfa-11193	268	7	0.000	0.000	NUM
ajfa-11193	268	8	(	(	PUNCT
ajfa-11193	268	9	0.346	0.346	NUM
ajfa-11193	268	10	)	)	PUNCT
ajfa-11193	268	11	size	size	NOUN
ajfa-11193	268	12	0.004	0.004	NUM
ajfa-11193	268	13	*	*	PUNCT
ajfa-11193	268	14	*	*	PUNCT
ajfa-11193	268	15	(	(	PUNCT
ajfa-11193	268	16	0.033	0.033	NUM
ajfa-11193	268	17	)	)	PUNCT
ajfa-11193	268	18	0.012	0.012	NUM
ajfa-11193	268	19	*	*	PUNCT
ajfa-11193	269	1	*	*	PUNCT
ajfa-11193	269	2	*	*	PUNCT
ajfa-11193	269	3	(	(	PUNCT
ajfa-11193	269	4	0.004	0.004	NUM
ajfa-11193	269	5	)	)	PUNCT
ajfa-11193	269	6	0.011	0.011	NUM
ajfa-11193	269	7	*	*	PUNCT
ajfa-11193	269	8	*	*	PUNCT
ajfa-11193	269	9	*	*	PUNCT
ajfa-11193	269	10	(	(	PUNCT
ajfa-11193	269	11	0.000	0.000	NUM
ajfa-11193	269	12	)	)	PUNCT
ajfa-11193	269	13	cr	cr	NOUN
ajfa-11193	269	14	−0.002	−0.002	NOUN
ajfa-11193	270	1	*	*	PUNCT
ajfa-11193	270	2	*	*	PUNCT
ajfa-11193	270	3	*	*	PUNCT
ajfa-11193	270	4	(	(	PUNCT
ajfa-11193	270	5	0.000	0.000	NUM
ajfa-11193	270	6	)	)	PUNCT
ajfa-11193	270	7	−0.000	−0.000	NOUN
ajfa-11193	270	8	(	(	PUNCT
ajfa-11193	270	9	0.590	0.590	NUM
ajfa-11193	270	10	)	)	PUNCT
ajfa-11193	270	11	−0.001	−0.001	NOUN
ajfa-11193	270	12	(	(	PUNCT
ajfa-11193	270	13	0.173	0.173	NUM
ajfa-11193	270	14	)	)	PUNCT
ajfa-11193	270	15	dr	dr	PROPN
ajfa-11193	270	16	−0.014	−0.014	PROPN
ajfa-11193	270	17	(	(	PUNCT
ajfa-11193	270	18	0.396	0.396	NUM
ajfa-11193	270	19	)	)	PUNCT
ajfa-11193	270	20	−0.140	−0.140	NOUN
ajfa-11193	271	1	*	*	PUNCT
ajfa-11193	271	2	*	*	PUNCT
ajfa-11193	271	3	*	*	PUNCT
ajfa-11193	271	4	(	(	PUNCT
ajfa-11193	271	5	0.000	0.000	NUM
ajfa-11193	271	6	)	)	PUNCT
ajfa-11193	271	7	−0.077	−0.077	PROPN
ajfa-11193	272	1	*	*	PUNCT
ajfa-11193	272	2	*	*	PUNCT
ajfa-11193	272	3	*	*	PUNCT
ajfa-11193	272	4	(	(	PUNCT
ajfa-11193	272	5	0.0024	0.0024	NUM
ajfa-11193	272	6	)	)	PUNCT
ajfa-11193	272	7	sg	sg	ADP
ajfa-11193	272	8	0.004	0.004	NUM
ajfa-11193	272	9	(	(	PUNCT
ajfa-11193	272	10	0.249	0.249	NUM
ajfa-11193	272	11	)	)	PUNCT
ajfa-11193	272	12	0.009	0.009	NUM
ajfa-11193	273	1	*	*	PUNCT
ajfa-11193	273	2	*	*	PUNCT
ajfa-11193	273	3	(	(	PUNCT
ajfa-11193	273	4	0.013	0.013	NUM
ajfa-11193	273	5	)	)	PUNCT
ajfa-11193	273	6	0.003	0.003	NUM
ajfa-11193	273	7	(	(	PUNCT
ajfa-11193	273	8	0.377	0.377	NUM
ajfa-11193	273	9	)	)	PUNCT
ajfa-11193	273	10	tang	tang	NOUN
ajfa-11193	273	11	0.0221136	0.0221136	NUM
ajfa-11193	273	12	*	*	PUNCT
ajfa-11193	273	13	(	(	PUNCT
ajfa-11193	273	14	0.0857	0.0857	NUM
ajfa-11193	273	15	)	)	PUNCT
ajfa-11193	273	16	−0.062	−0.062	NOUN
ajfa-11193	274	1	*	*	PUNCT
ajfa-11193	274	2	*	*	PUNCT
ajfa-11193	274	3	(	(	PUNCT
ajfa-11193	274	4	0.044	0.044	NUM
ajfa-11193	274	5	)	)	PUNCT
ajfa-11193	274	6	0.004	0.004	NUM
ajfa-11193	274	7	(	(	PUNCT
ajfa-11193	274	8	0.873	0.873	NUM
ajfa-11193	274	9	)	)	PUNCT
ajfa-11193	274	10	constant	constant	ADJ
ajfa-11193	274	11	−0.056	−0.056	PROPN
ajfa-11193	274	12	(	(	PUNCT
ajfa-11193	274	13	0.276	0.276	NUM
ajfa-11193	274	14	)	)	PUNCT
ajfa-11193	274	15	−0.206	−0.206	NOUN
ajfa-11193	274	16	*	*	PUNCT
ajfa-11193	274	17	(	(	PUNCT
ajfa-11193	274	18	0.066	0.066	NUM
ajfa-11193	274	19	)	)	PUNCT
ajfa-11193	274	20	−0.201	−0.201	NOUN
ajfa-11193	274	21	*	*	PUNCT
ajfa-11193	275	1	*	*	PUNCT
ajfa-11193	275	2	*	*	PUNCT
ajfa-11193	275	3	(	(	PUNCT
ajfa-11193	275	4	0.005	0.005	NUM
ajfa-11193	275	5	)	)	PUNCT
ajfa-11193	275	6	r	r	NOUN
ajfa-11193	275	7	-	-	PUNCT
ajfa-11193	275	8	squared	square	VERB
ajfa-11193	275	9	0.441	0.441	NUM
ajfa-11193	275	10	0.233	0.233	NUM
ajfa-11193	275	11	log	log	NOUN
ajfa-11193	275	12	-	-	PUNCT
ajfa-11193	275	13	likelihood	likelihood	NOUN
ajfa-11193	275	14	−483.817	−483.817	NOUN
ajfa-11193	275	15	462.284	462.284	PROPN
ajfa-11193	275	16	375.919	375.919	NUM
ajfa-11193	275	17	hausman	hausman	ADJ
ajfa-11193	275	18	test	test	NOUN
ajfa-11193	275	19	(	(	PUNCT
ajfa-11193	275	20	p	p	NOUN
ajfa-11193	275	21	-	-	PUNCT
ajfa-11193	275	22	value	value	NOUN
ajfa-11193	275	23	)	)	PUNCT
ajfa-11193	276	1	44.713	44.713	NUM
ajfa-11193	277	1	*	*	PUNCT
ajfa-11193	277	2	*	*	PUNCT
ajfa-11193	277	3	*	*	PUNCT
ajfa-11193	277	4	(	(	PUNCT
ajfa-11193	277	5	0.000	0.000	NUM
ajfa-11193	277	6	)	)	PUNCT
ajfa-11193	277	7	note	note	NOUN
ajfa-11193	277	8	:	:	PUNCT
ajfa-11193	278	1	*	*	PUNCT
ajfa-11193	278	2	,	,	PUNCT
ajfa-11193	278	3	*	*	PUNCT
ajfa-11193	278	4	*	*	PUNCT
ajfa-11193	278	5	and	and	CCONJ
ajfa-11193	278	6	*	*	PUNCT
ajfa-11193	278	7	*	*	PUNCT
ajfa-11193	278	8	*	*	NOUN
ajfa-11193	278	9	are	be	AUX
ajfa-11193	278	10	significance	significance	NOUN
ajfa-11193	278	11	at	at	ADP
ajfa-11193	278	12	the	the	DET
ajfa-11193	278	13	10	10	NUM
ajfa-11193	278	14	,	,	PUNCT
ajfa-11193	278	15	5	5	NUM
ajfa-11193	278	16	and	and	CCONJ
ajfa-11193	278	17	1	1	NUM
ajfa-11193	278	18	%	%	NOUN
ajfa-11193	278	19	levels	level	NOUN
ajfa-11193	278	20	,	,	PUNCT
ajfa-11193	278	21	respectively	respectively	ADV
ajfa-11193	278	22	;	;	PUNCT
ajfa-11193	278	23	p	p	X
ajfa-11193	278	24	-	-	PUNCT
ajfa-11193	278	25	values	value	NOUN
ajfa-11193	278	26	are	be	AUX
ajfa-11193	278	27	in	in	ADP
ajfa-11193	278	28	parentheses	parenthesis	NOUN
ajfa-11193	278	29	based	base	VERB
ajfa-11193	278	30	on	on	ADP
ajfa-11193	278	31	the	the	DET
ajfa-11193	278	32	ols	ol	NOUN
ajfa-11193	278	33	model	model	NOUN
ajfa-11193	278	34	,	,	PUNCT
ajfa-11193	278	35	tangibility	tangibility	NOUN
ajfa-11193	278	36	positively	positively	ADV
ajfa-11193	278	37	affects	affect	VERB
ajfa-11193	278	38	profitability	profitability	NOUN
ajfa-11193	278	39	for	for	ADP
ajfa-11193	278	40	all	all	DET
ajfa-11193	278	41	indonesian	indonesian	ADJ
ajfa-11193	278	42	real	real	ADJ
ajfa-11193	278	43	estate	estate	NOUN
ajfa-11193	278	44	companies	company	NOUN
ajfa-11193	278	45	.	.	PUNCT
ajfa-11193	279	1	tangibility	tangibility	NOUN
ajfa-11193	279	2	has	have	VERB
ajfa-11193	279	3	positive	positive	ADJ
ajfa-11193	279	4	significant	significant	ADJ
ajfa-11193	279	5	relationship	relationship	NOUN
ajfa-11193	279	6	with	with	ADP
ajfa-11193	279	7	roa	roa	PROPN
ajfa-11193	279	8	,	,	PUNCT
ajfa-11193	279	9	which	which	PRON
ajfa-11193	279	10	is	be	AUX
ajfa-11193	279	11	the	the	DET
ajfa-11193	279	12	proxy	proxy	NOUN
ajfa-11193	279	13	for	for	ADP
ajfa-11193	279	14	profitability	profitability	NOUN
ajfa-11193	279	15	.	.	PUNCT
ajfa-11193	280	1	this	this	PRON
ajfa-11193	280	2	means	mean	VERB
ajfa-11193	280	3	that	that	SCONJ
ajfa-11193	280	4	higher	high	ADJ
ajfa-11193	280	5	tangible	tangible	ADJ
ajfa-11193	280	6	assets	asset	NOUN
ajfa-11193	280	7	can	can	AUX
ajfa-11193	280	8	result	result	VERB
ajfa-11193	280	9	in	in	ADP
ajfa-11193	280	10	higher	high	ADJ
ajfa-11193	280	11	profitability	profitability	NOUN
ajfa-11193	280	12	,	,	PUNCT
ajfa-11193	280	13	which	which	PRON
ajfa-11193	280	14	is	be	AUX
ajfa-11193	280	15	not	not	PART
ajfa-11193	280	16	actually	actually	ADV
ajfa-11193	280	17	consistent	consistent	ADJ
ajfa-11193	280	18	with	with	ADP
ajfa-11193	280	19	the	the	DET
ajfa-11193	280	20	initial	initial	ADJ
ajfa-11193	280	21	findings	finding	NOUN
ajfa-11193	280	22	of	of	ADP
ajfa-11193	280	23	kebewar	kebewar	PROPN
ajfa-11193	280	24	(	(	PUNCT
ajfa-11193	280	25	2013	2013	NUM
ajfa-11193	280	26	)	)	PUNCT
ajfa-11193	280	27	,	,	PUNCT
ajfa-11193	280	28	and	and	CCONJ
ajfa-11193	280	29	also	also	ADV
ajfa-11193	280	30	not	not	PART
ajfa-11193	280	31	in	in	ADP
ajfa-11193	280	32	-	-	PUNCT
ajfa-11193	280	33	line	line	NOUN
ajfa-11193	280	34	with	with	ADP
ajfa-11193	280	35	the	the	DET
ajfa-11193	280	36	alternative	alternative	ADJ
ajfa-11193	280	37	hypothesis	hypothesis	NOUN
ajfa-11193	280	38	of	of	ADP
ajfa-11193	280	39	the	the	DET
ajfa-11193	280	40	study	study	NOUN
ajfa-11193	280	41	.	.	PUNCT
ajfa-11193	281	1	a	a	DET
ajfa-11193	281	2	plausible	plausible	ADJ
ajfa-11193	281	3	reason	reason	NOUN
ajfa-11193	281	4	is	be	AUX
ajfa-11193	281	5	that	that	SCONJ
ajfa-11193	281	6	tangible	tangible	ADJ
ajfa-11193	281	7	asset	asset	NOUN
ajfa-11193	281	8	benefits	benefit	VERB
ajfa-11193	281	9	the	the	DET
ajfa-11193	281	10	company	company	NOUN
ajfa-11193	281	11	as	as	ADP
ajfa-11193	281	12	collateral	collateral	NOUN
ajfa-11193	281	13	of	of	ADP
ajfa-11193	281	14	bank	bank	NOUN
ajfa-11193	281	15	loan	loan	NOUN
ajfa-11193	281	16	which	which	PRON
ajfa-11193	281	17	can	can	AUX
ajfa-11193	281	18	help	help	VERB
ajfa-11193	281	19	the	the	DET
ajfa-11193	281	20	company	company	NOUN
ajfa-11193	281	21	borrow	borrow	VERB
ajfa-11193	281	22	funds	fund	NOUN
ajfa-11193	281	23	to	to	PART
ajfa-11193	281	24	expand	expand	VERB
ajfa-11193	281	25	and	and	CCONJ
ajfa-11193	281	26	create	create	VERB
ajfa-11193	281	27	more	more	ADJ
ajfa-11193	281	28	profits	profit	NOUN
ajfa-11193	281	29	based	base	VERB
ajfa-11193	281	30	on	on	ADP
ajfa-11193	281	31	hammes	hamme	NOUN
ajfa-11193	281	32	and	and	CCONJ
ajfa-11193	281	33	chen	chen	PROPN
ajfa-11193	281	34	(	(	PUNCT
ajfa-11193	281	35	2004	2004	NUM
ajfa-11193	281	36	)	)	PUNCT
ajfa-11193	281	37	.	.	PUNCT
ajfa-11193	282	1	on	on	ADP
ajfa-11193	282	2	one	one	NUM
ajfa-11193	282	3	hand	hand	NOUN
ajfa-11193	282	4	,	,	PUNCT
ajfa-11193	282	5	tangibility	tangibility	NOUN
ajfa-11193	282	6	based	base	VERB
ajfa-11193	282	7	on	on	ADP
ajfa-11193	282	8	the	the	DET
ajfa-11193	282	9	fe	fe	PROPN
ajfa-11193	282	10	model	model	NOUN
ajfa-11193	282	11	shows	show	VERB
ajfa-11193	282	12	a	a	DET
ajfa-11193	282	13	negatively	negatively	ADV
ajfa-11193	282	14	relationship	relationship	NOUN
ajfa-11193	282	15	with	with	ADP
ajfa-11193	282	16	profitability	profitability	NOUN
ajfa-11193	282	17	,	,	PUNCT
ajfa-11193	282	18	which	which	PRON
ajfa-11193	282	19	means	mean	VERB
ajfa-11193	282	20	that	that	SCONJ
ajfa-11193	282	21	high	high	ADJ
ajfa-11193	282	22	tangible	tangible	ADJ
ajfa-11193	282	23	assets	asset	NOUN
ajfa-11193	282	24	lead	lead	VERB
ajfa-11193	282	25	to	to	ADP
ajfa-11193	282	26	declining	decline	VERB
ajfa-11193	282	27	profitability	profitability	NOUN
ajfa-11193	282	28	.	.	PUNCT
ajfa-11193	283	1	this	this	DET
ajfa-11193	283	2	result	result	NOUN
ajfa-11193	283	3	conforms	conform	VERB
ajfa-11193	283	4	to	to	ADP
ajfa-11193	283	5	the	the	DET
ajfa-11193	283	6	alternative	alternative	ADJ
ajfa-11193	283	7	hypothesis	hypothesis	NOUN
ajfa-11193	283	8	of	of	ADP
ajfa-11193	283	9	the	the	DET
ajfa-11193	283	10	study	study	NOUN
ajfa-11193	283	11	,	,	PUNCT
ajfa-11193	283	12	and	and	CCONJ
ajfa-11193	283	13	the	the	DET
ajfa-11193	283	14	previous	previous	ADJ
ajfa-11193	283	15	paper	paper	NOUN
ajfa-11193	283	16	of	of	ADP
ajfa-11193	283	17	hammes	hamme	NOUN
ajfa-11193	283	18	and	and	CCONJ
ajfa-11193	283	19	chen	chen	PROPN
ajfa-11193	283	20	(	(	PUNCT
ajfa-11193	283	21	2004	2004	NUM
ajfa-11193	283	22	)	)	PUNCT
ajfa-11193	283	23	.	.	PUNCT
ajfa-11193	284	1	the	the	DET
ajfa-11193	284	2	study	study	NOUN
ajfa-11193	284	3	explained	explain	VERB
ajfa-11193	284	4	that	that	SCONJ
ajfa-11193	284	5	profitability	profitability	NOUN
ajfa-11193	284	6	decreases	decrease	VERB
ajfa-11193	284	7	when	when	SCONJ
ajfa-11193	284	8	a	a	DET
ajfa-11193	284	9	company	company	NOUN
ajfa-11193	284	10	puts	put	VERB
ajfa-11193	284	11	too	too	ADV
ajfa-11193	284	12	much	much	ADJ
ajfa-11193	284	13	investment	investment	NOUN
ajfa-11193	284	14	in	in	ADP
ajfa-11193	284	15	fixed	fix	VERB
ajfa-11193	284	16	asset	asset	NOUN
ajfa-11193	284	17	,	,	PUNCT
ajfa-11193	284	18	because	because	SCONJ
ajfa-11193	284	19	of	of	ADP
ajfa-11193	284	20	the	the	DET
ajfa-11193	284	21	higher	high	ADJ
ajfa-11193	284	22	maintenance	maintenance	NOUN
ajfa-11193	284	23	cost	cost	NOUN
ajfa-11193	284	24	that	that	PRON
ajfa-11193	284	25	reduces	reduce	VERB
ajfa-11193	284	26	profitability	profitability	NOUN
ajfa-11193	284	27	.	.	PUNCT
ajfa-11193	285	1	therefore	therefore	ADV
ajfa-11193	285	2	,	,	PUNCT
ajfa-11193	285	3	this	this	DET
ajfa-11193	285	4	study	study	NOUN
ajfa-11193	285	5	suggests	suggest	VERB
ajfa-11193	285	6	that	that	SCONJ
ajfa-11193	285	7	indonesian	indonesian	ADJ
ajfa-11193	285	8	real	real	ADJ
ajfa-11193	285	9	estate	estate	NOUN
ajfa-11193	285	10	companies	company	NOUN
ajfa-11193	285	11	should	should	AUX
ajfa-11193	285	12	minimize	minimize	VERB
ajfa-11193	285	13	the	the	DET
ajfa-11193	285	14	acquisition	acquisition	NOUN
ajfa-11193	285	15	unproductive	unproductive	ADJ
ajfa-11193	285	16	property	property	NOUN
ajfa-11193	285	17	,	,	PUNCT
ajfa-11193	285	18	plant	plant	NOUN
ajfa-11193	285	19	and	and	CCONJ
ajfa-11193	285	20	equipment	equipment	NOUN
ajfa-11193	285	21	,	,	PUNCT
ajfa-11193	285	22	because	because	SCONJ
ajfa-11193	285	23	these	these	PRON
ajfa-11193	285	24	lead	lead	VERB
ajfa-11193	285	25	to	to	ADP
ajfa-11193	285	26	more	more	ADJ
ajfa-11193	285	27	costs	cost	NOUN
ajfa-11193	285	28	instead	instead	ADV
ajfa-11193	285	29	of	of	ADP
ajfa-11193	285	30	revenues	revenue	NOUN
ajfa-11193	285	31	in	in	ADP
ajfa-11193	285	32	the	the	DET
ajfa-11193	285	33	asian	asian	ADJ
ajfa-11193	285	34	journal	journal	NOUN
ajfa-11193	285	35	of	of	ADP
ajfa-11193	285	36	finance	finance	PROPN
ajfa-11193	285	37	&	&	CCONJ
ajfa-11193	285	38	accounting	accounting	PROPN
ajfa-11193	285	39	issn	issn	PROPN
ajfa-11193	285	40	1946	1946	NUM
ajfa-11193	285	41	-	-	PUNCT
ajfa-11193	285	42	052x	052x	PROPN
ajfa-11193	285	43	2017	2017	NUM
ajfa-11193	285	44	,	,	PUNCT
ajfa-11193	285	45	vol	vol	NOUN
ajfa-11193	285	46	.	.	NOUN
ajfa-11193	285	47	9	9	NUM
ajfa-11193	285	48	,	,	PUNCT
ajfa-11193	285	49	no	no	INTJ
ajfa-11193	285	50	.	.	NOUN
ajfa-11193	285	51	1	1	NUM
ajfa-11193	285	52	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	285	53	414	414	NUM
ajfa-11193	285	54	future	future	NOUN
ajfa-11193	285	55	.	.	PUNCT
ajfa-11193	286	1	based	base	VERB
ajfa-11193	286	2	on	on	ADP
ajfa-11193	286	3	the	the	DET
ajfa-11193	286	4	fe	fe	PROPN
ajfa-11193	286	5	model	model	NOUN
ajfa-11193	286	6	,	,	PUNCT
ajfa-11193	286	7	days	day	NOUN
ajfa-11193	286	8	account	account	NOUN
ajfa-11193	286	9	payable	payable	ADJ
ajfa-11193	286	10	has	have	VERB
ajfa-11193	286	11	positive	positive	ADJ
ajfa-11193	286	12	significant	significant	ADJ
ajfa-11193	286	13	relationship	relationship	NOUN
ajfa-11193	286	14	with	with	ADP
ajfa-11193	286	15	profitability	profitability	NOUN
ajfa-11193	286	16	.	.	PUNCT
ajfa-11193	287	1	this	this	DET
ajfa-11193	287	2	result	result	NOUN
ajfa-11193	287	3	does	do	AUX
ajfa-11193	287	4	not	not	PART
ajfa-11193	287	5	correspond	correspond	VERB
ajfa-11193	287	6	to	to	ADP
ajfa-11193	287	7	the	the	DET
ajfa-11193	287	8	alternative	alternative	ADJ
ajfa-11193	287	9	hypothesis	hypothesis	NOUN
ajfa-11193	287	10	of	of	ADP
ajfa-11193	287	11	the	the	DET
ajfa-11193	287	12	study	study	NOUN
ajfa-11193	287	13	,	,	PUNCT
ajfa-11193	287	14	but	but	CCONJ
ajfa-11193	287	15	is	be	AUX
ajfa-11193	287	16	consistent	consistent	ADJ
ajfa-11193	287	17	with	with	ADP
ajfa-11193	287	18	previous	previous	ADJ
ajfa-11193	287	19	findings	finding	NOUN
ajfa-11193	287	20	of	of	ADP
ajfa-11193	287	21	deloof	deloof	NOUN
ajfa-11193	287	22	(	(	PUNCT
ajfa-11193	287	23	2003	2003	NUM
ajfa-11193	287	24	)	)	PUNCT
ajfa-11193	287	25	.	.	PUNCT
ajfa-11193	288	1	having	have	VERB
ajfa-11193	288	2	longer	long	ADJ
ajfa-11193	288	3	periods	period	NOUN
ajfa-11193	288	4	to	to	PART
ajfa-11193	288	5	pay	pay	VERB
ajfa-11193	288	6	suppliers	supplier	NOUN
ajfa-11193	288	7	can	can	AUX
ajfa-11193	288	8	make	make	VERB
ajfa-11193	288	9	indonesian	indonesian	ADJ
ajfa-11193	288	10	real	real	ADJ
ajfa-11193	288	11	estate	estate	NOUN
ajfa-11193	288	12	companies	company	NOUN
ajfa-11193	288	13	more	more	ADV
ajfa-11193	288	14	liquid	liquid	ADJ
ajfa-11193	288	15	,	,	PUNCT
ajfa-11193	288	16	and	and	CCONJ
ajfa-11193	288	17	may	may	AUX
ajfa-11193	288	18	increase	increase	VERB
ajfa-11193	288	19	profitability	profitability	NOUN
ajfa-11193	288	20	.	.	PUNCT
ajfa-11193	289	1	in	in	ADP
ajfa-11193	289	2	-	-	PUNCT
ajfa-11193	289	3	line	line	NOUN
ajfa-11193	289	4	with	with	ADP
ajfa-11193	289	5	this	this	DET
ajfa-11193	289	6	result	result	NOUN
ajfa-11193	289	7	,	,	PUNCT
ajfa-11193	289	8	the	the	DET
ajfa-11193	289	9	paper	paper	NOUN
ajfa-11193	289	10	suggests	suggest	VERB
ajfa-11193	289	11	that	that	SCONJ
ajfa-11193	289	12	companies	company	NOUN
ajfa-11193	289	13	should	should	AUX
ajfa-11193	289	14	better	well	ADV
ajfa-11193	289	15	build	build	VERB
ajfa-11193	289	16	good	good	ADJ
ajfa-11193	289	17	business	business	NOUN
ajfa-11193	289	18	relationships	relationship	NOUN
ajfa-11193	289	19	with	with	ADP
ajfa-11193	289	20	suppliers	supplier	NOUN
ajfa-11193	289	21	to	to	PART
ajfa-11193	289	22	bargain	bargain	VERB
ajfa-11193	289	23	for	for	ADP
ajfa-11193	289	24	longer	long	ADJ
ajfa-11193	289	25	payment	payment	NOUN
ajfa-11193	289	26	terms	term	NOUN
ajfa-11193	289	27	,	,	PUNCT
ajfa-11193	289	28	because	because	SCONJ
ajfa-11193	289	29	constantly	constantly	ADV
ajfa-11193	289	30	extending	extend	VERB
ajfa-11193	289	31	days	day	NOUN
ajfa-11193	289	32	account	account	NOUN
ajfa-11193	289	33	payable	payable	ADJ
ajfa-11193	289	34	may	may	AUX
ajfa-11193	289	35	lead	lead	VERB
ajfa-11193	289	36	to	to	ADP
ajfa-11193	289	37	bad	bad	ADJ
ajfa-11193	289	38	relationships	relationship	NOUN
ajfa-11193	289	39	with	with	ADP
ajfa-11193	289	40	suppliers	supplier	NOUN
ajfa-11193	289	41	that	that	PRON
ajfa-11193	289	42	may	may	AUX
ajfa-11193	289	43	negatively	negatively	ADV
ajfa-11193	289	44	affect	affect	VERB
ajfa-11193	289	45	firms	firm	NOUN
ajfa-11193	289	46	in	in	ADP
ajfa-11193	289	47	the	the	DET
ajfa-11193	289	48	long	long	ADV
ajfa-11193	289	49	-	-	PUNCT
ajfa-11193	289	50	run	run	NOUN
ajfa-11193	289	51	.	.	PUNCT
ajfa-11193	290	1	debt	debt	NOUN
ajfa-11193	290	2	ratio	ratio	NOUN
ajfa-11193	290	3	on	on	ADP
ajfa-11193	290	4	the	the	DET
ajfa-11193	290	5	other	other	ADJ
ajfa-11193	290	6	hand	hand	NOUN
ajfa-11193	290	7	has	have	VERB
ajfa-11193	290	8	significant	significant	ADJ
ajfa-11193	290	9	negative	negative	ADJ
ajfa-11193	290	10	relationship	relationship	NOUN
ajfa-11193	290	11	with	with	ADP
ajfa-11193	290	12	profitability	profitability	NOUN
ajfa-11193	290	13	based	base	VERB
ajfa-11193	290	14	on	on	ADP
ajfa-11193	290	15	both	both	CCONJ
ajfa-11193	290	16	the	the	DET
ajfa-11193	290	17	fe	fe	PROPN
ajfa-11193	290	18	model	model	NOUN
ajfa-11193	290	19	.	.	PUNCT
ajfa-11193	291	1	this	this	PRON
ajfa-11193	291	2	again	again	ADV
ajfa-11193	291	3	corresponds	correspond	VERB
ajfa-11193	291	4	to	to	ADP
ajfa-11193	291	5	the	the	DET
ajfa-11193	291	6	alternative	alternative	ADJ
ajfa-11193	291	7	hypothesis	hypothesis	NOUN
ajfa-11193	291	8	and	and	CCONJ
ajfa-11193	291	9	previous	previous	ADJ
ajfa-11193	291	10	researches	research	NOUN
ajfa-11193	291	11	of	of	ADP
ajfa-11193	291	12	deloof	deloof	NOUN
ajfa-11193	291	13	(	(	PUNCT
ajfa-11193	291	14	2003	2003	NUM
ajfa-11193	291	15	)	)	PUNCT
ajfa-11193	291	16	,	,	PUNCT
ajfa-11193	291	17	kebewar	kebewar	PROPN
ajfa-11193	291	18	(	(	PUNCT
ajfa-11193	291	19	2013	2013	NUM
ajfa-11193	291	20	)	)	PUNCT
ajfa-11193	291	21	,	,	PUNCT
ajfa-11193	291	22	and	and	CCONJ
ajfa-11193	291	23	enqvist	enqvist	ADJ
ajfa-11193	291	24	et	et	PROPN
ajfa-11193	291	25	al	al	PROPN
ajfa-11193	291	26	(	(	PUNCT
ajfa-11193	291	27	2014	2014	NUM
ajfa-11193	291	28	)	)	PUNCT
ajfa-11193	291	29	.	.	PUNCT
ajfa-11193	292	1	modigliani	modigliani	PROPN
ajfa-11193	292	2	and	and	CCONJ
ajfa-11193	292	3	miller	miller	PROPN
ajfa-11193	292	4	(	(	PUNCT
ajfa-11193	292	5	1963	1963	NUM
ajfa-11193	292	6	)	)	PUNCT
ajfa-11193	292	7	earlier	early	ADV
ajfa-11193	292	8	explained	explain	VERB
ajfa-11193	292	9	that	that	SCONJ
ajfa-11193	292	10	the	the	DET
ajfa-11193	292	11	optimal	optimal	ADJ
ajfa-11193	292	12	debt	debt	NOUN
ajfa-11193	292	13	ratio	ratio	NOUN
ajfa-11193	292	14	should	should	AUX
ajfa-11193	292	15	reduce	reduce	VERB
ajfa-11193	292	16	the	the	DET
ajfa-11193	292	17	total	total	ADJ
ajfa-11193	292	18	cost	cost	NOUN
ajfa-11193	292	19	of	of	ADP
ajfa-11193	292	20	capital	capital	NOUN
ajfa-11193	292	21	to	to	ADP
ajfa-11193	292	22	the	the	DET
ajfa-11193	292	23	point	point	NOUN
ajfa-11193	292	24	of	of	ADP
ajfa-11193	292	25	maximizing	maximize	VERB
ajfa-11193	292	26	profitability	profitability	NOUN
ajfa-11193	292	27	.	.	PUNCT
ajfa-11193	293	1	this	this	DET
ajfa-11193	293	2	paper	paper	NOUN
ajfa-11193	293	3	suggests	suggest	VERB
ajfa-11193	293	4	that	that	SCONJ
ajfa-11193	293	5	indonesian	indonesian	ADJ
ajfa-11193	293	6	real	real	ADJ
ajfa-11193	293	7	estate	estate	NOUN
ajfa-11193	293	8	companies	company	NOUN
ajfa-11193	293	9	should	should	AUX
ajfa-11193	293	10	reduce	reduce	VERB
ajfa-11193	293	11	the	the	DET
ajfa-11193	293	12	amount	amount	NOUN
ajfa-11193	293	13	of	of	ADP
ajfa-11193	293	14	debt	debt	NOUN
ajfa-11193	293	15	,	,	PUNCT
ajfa-11193	293	16	because	because	SCONJ
ajfa-11193	293	17	of	of	ADP
ajfa-11193	293	18	the	the	DET
ajfa-11193	293	19	debilitating	debilitate	VERB
ajfa-11193	293	20	consequence	consequence	NOUN
ajfa-11193	293	21	of	of	ADP
ajfa-11193	293	22	paying	pay	VERB
ajfa-11193	293	23	interest	interest	NOUN
ajfa-11193	293	24	and	and	CCONJ
ajfa-11193	293	25	principal	principal	NOUN
ajfa-11193	293	26	when	when	SCONJ
ajfa-11193	293	27	the	the	DET
ajfa-11193	293	28	firm	firm	NOUN
ajfa-11193	293	29	is	be	AUX
ajfa-11193	293	30	not	not	PART
ajfa-11193	293	31	doing	do	VERB
ajfa-11193	293	32	well	well	ADV
ajfa-11193	293	33	.	.	PUNCT
ajfa-11193	294	1	loans	loan	NOUN
ajfa-11193	294	2	also	also	ADV
ajfa-11193	294	3	carry	carry	VERB
ajfa-11193	294	4	conditions	condition	NOUN
ajfa-11193	294	5	that	that	PRON
ajfa-11193	294	6	limit	limit	VERB
ajfa-11193	294	7	the	the	DET
ajfa-11193	294	8	flexibility	flexibility	NOUN
ajfa-11193	294	9	of	of	ADP
ajfa-11193	294	10	real	real	ADJ
ajfa-11193	294	11	estate	estate	NOUN
ajfa-11193	294	12	companies	company	NOUN
ajfa-11193	294	13	in	in	ADP
ajfa-11193	294	14	running	run	VERB
ajfa-11193	294	15	the	the	DET
ajfa-11193	294	16	firm	firm	NOUN
ajfa-11193	294	17	.	.	PUNCT
ajfa-11193	295	1	sales	sale	NOUN
ajfa-11193	295	2	growth	growth	NOUN
ajfa-11193	295	3	of	of	ADP
ajfa-11193	295	4	all	all	DET
ajfa-11193	295	5	indonesian	indonesian	ADJ
ajfa-11193	295	6	real	real	ADJ
ajfa-11193	295	7	estate	estate	NOUN
ajfa-11193	295	8	companies	company	NOUN
ajfa-11193	295	9	has	have	VERB
ajfa-11193	295	10	positive	positive	ADJ
ajfa-11193	295	11	significant	significant	ADJ
ajfa-11193	295	12	relationship	relationship	NOUN
ajfa-11193	295	13	with	with	ADP
ajfa-11193	295	14	profitability	profitability	NOUN
ajfa-11193	295	15	based	base	VERB
ajfa-11193	295	16	on	on	ADP
ajfa-11193	295	17	the	the	DET
ajfa-11193	295	18	fe	fe	PROPN
ajfa-11193	295	19	model	model	NOUN
ajfa-11193	295	20	.	.	PUNCT
ajfa-11193	296	1	this	this	PRON
ajfa-11193	296	2	again	again	ADV
ajfa-11193	296	3	corresponds	correspond	VERB
ajfa-11193	296	4	to	to	ADP
ajfa-11193	296	5	the	the	DET
ajfa-11193	296	6	alternative	alternative	ADJ
ajfa-11193	296	7	hypothesis	hypothesis	NOUN
ajfa-11193	296	8	and	and	CCONJ
ajfa-11193	296	9	supports	support	VERB
ajfa-11193	296	10	the	the	DET
ajfa-11193	296	11	findings	finding	NOUN
ajfa-11193	296	12	of	of	ADP
ajfa-11193	296	13	garcia	garcia	PROPN
ajfa-11193	296	14	-	-	PUNCT
ajfa-11193	296	15	teruel	teruel	PROPN
ajfa-11193	296	16	and	and	CCONJ
ajfa-11193	296	17	martinez	martinez	PROPN
ajfa-11193	296	18	-	-	PUNCT
ajfa-11193	296	19	solano	solano	PROPN
ajfa-11193	296	20	(	(	PUNCT
ajfa-11193	296	21	2007	2007	NUM
ajfa-11193	296	22	)	)	PUNCT
ajfa-11193	296	23	,	,	PUNCT
ajfa-11193	296	24	and	and	CCONJ
ajfa-11193	296	25	limbago	limbago	PROPN
ajfa-11193	296	26	and	and	CCONJ
ajfa-11193	296	27	juniarti	juniarti	PROPN
ajfa-11193	296	28	(	(	PUNCT
ajfa-11193	296	29	2014	2014	NUM
ajfa-11193	296	30	)	)	PUNCT
ajfa-11193	296	31	.	.	PUNCT
ajfa-11193	297	1	this	this	DET
ajfa-11193	297	2	paper	paper	NOUN
ajfa-11193	297	3	suggests	suggest	VERB
ajfa-11193	297	4	that	that	SCONJ
ajfa-11193	297	5	real	real	ADJ
ajfa-11193	297	6	estate	estate	NOUN
ajfa-11193	297	7	companies	company	NOUN
ajfa-11193	297	8	,	,	PUNCT
ajfa-11193	297	9	can	can	AUX
ajfa-11193	297	10	better	well	ADV
ajfa-11193	297	11	boost	boost	VERB
ajfa-11193	297	12	sales	sale	NOUN
ajfa-11193	297	13	by	by	ADP
ajfa-11193	297	14	offering	offer	VERB
ajfa-11193	297	15	discounts	discount	NOUN
ajfa-11193	297	16	and	and	CCONJ
ajfa-11193	297	17	more	more	ADV
ajfa-11193	297	18	flexible	flexible	ADJ
ajfa-11193	297	19	payment	payment	NOUN
ajfa-11193	297	20	terms	term	NOUN
ajfa-11193	297	21	to	to	PART
ajfa-11193	297	22	attract	attract	VERB
ajfa-11193	297	23	more	more	ADJ
ajfa-11193	297	24	customers	customer	NOUN
ajfa-11193	297	25	.	.	PUNCT
ajfa-11193	298	1	in	in	ADP
ajfa-11193	298	2	comparing	compare	VERB
ajfa-11193	298	3	the	the	DET
ajfa-11193	298	4	results	result	NOUN
ajfa-11193	298	5	of	of	ADP
ajfa-11193	298	6	the	the	DET
ajfa-11193	298	7	ols	ol	NOUN
ajfa-11193	298	8	and	and	CCONJ
ajfa-11193	298	9	fe	fe	NOUN
ajfa-11193	298	10	models	model	NOUN
ajfa-11193	298	11	,	,	PUNCT
ajfa-11193	298	12	this	this	DET
ajfa-11193	298	13	research	research	NOUN
ajfa-11193	298	14	favors	favor	VERB
ajfa-11193	298	15	the	the	DET
ajfa-11193	298	16	results	result	NOUN
ajfa-11193	298	17	of	of	ADP
ajfa-11193	298	18	the	the	DET
ajfa-11193	298	19	fe	fe	PROPN
ajfa-11193	298	20	model	model	NOUN
ajfa-11193	298	21	as	as	ADP
ajfa-11193	298	22	the	the	DET
ajfa-11193	298	23	better	well	ADV
ajfa-11193	298	24	fitting	fitting	ADJ
ajfa-11193	298	25	model	model	NOUN
ajfa-11193	298	26	for	for	ADP
ajfa-11193	298	27	all	all	DET
ajfa-11193	298	28	indonesian	indonesian	ADJ
ajfa-11193	298	29	real	real	ADJ
ajfa-11193	298	30	estate	estate	NOUN
ajfa-11193	298	31	companies	company	NOUN
ajfa-11193	298	32	group	group	NOUN
ajfa-11193	298	33	,	,	PUNCT
ajfa-11193	298	34	because	because	SCONJ
ajfa-11193	298	35	of	of	ADP
ajfa-11193	298	36	the	the	DET
ajfa-11193	298	37	higher	high	ADJ
ajfa-11193	298	38	log	log	NOUN
ajfa-11193	298	39	-	-	PUNCT
ajfa-11193	298	40	likelihood	likelihood	NOUN
ajfa-11193	298	41	value	value	NOUN
ajfa-11193	298	42	.	.	PUNCT
ajfa-11193	299	1	5.3	5.3	NUM
ajfa-11193	299	2	result	result	NOUN
ajfa-11193	299	3	of	of	ADP
ajfa-11193	299	4	large	large	ADJ
ajfa-11193	299	5	-	-	PUNCT
ajfa-11193	299	6	size	size	NOUN
ajfa-11193	299	7	market	market	NOUN
ajfa-11193	299	8	capitalization	capitalization	NOUN
ajfa-11193	299	9	companies	company	NOUN
ajfa-11193	299	10	table	table	VERB
ajfa-11193	299	11	7	7	NUM
ajfa-11193	299	12	illustrates	illustrate	VERB
ajfa-11193	299	13	the	the	DET
ajfa-11193	299	14	comparison	comparison	NOUN
ajfa-11193	299	15	of	of	ADP
ajfa-11193	299	16	findings	finding	NOUN
ajfa-11193	299	17	for	for	ADP
ajfa-11193	299	18	the	the	DET
ajfa-11193	299	19	ols	ols	PROPN
ajfa-11193	299	20	,	,	PUNCT
ajfa-11193	299	21	fe	fe	NOUN
ajfa-11193	299	22	,	,	PUNCT
ajfa-11193	299	23	and	and	CCONJ
ajfa-11193	299	24	re	re	NOUN
ajfa-11193	299	25	models	model	NOUN
ajfa-11193	299	26	in	in	ADP
ajfa-11193	299	27	determining	determine	VERB
ajfa-11193	299	28	the	the	DET
ajfa-11193	299	29	significant	significant	ADJ
ajfa-11193	299	30	variables	variable	NOUN
ajfa-11193	299	31	factors	factor	NOUN
ajfa-11193	299	32	that	that	PRON
ajfa-11193	299	33	affect	affect	VERB
ajfa-11193	299	34	the	the	DET
ajfa-11193	299	35	profitability	profitability	NOUN
ajfa-11193	299	36	of	of	ADP
ajfa-11193	299	37	large	large	ADJ
ajfa-11193	299	38	indonesian	indonesian	ADJ
ajfa-11193	299	39	real	real	ADJ
ajfa-11193	299	40	estate	estate	NOUN
ajfa-11193	299	41	companies	company	NOUN
ajfa-11193	299	42	.	.	PUNCT
ajfa-11193	300	1	based	base	VERB
ajfa-11193	300	2	on	on	ADP
ajfa-11193	300	3	hausman	hausman	PROPN
ajfa-11193	300	4	test	test	NOUN
ajfa-11193	300	5	,	,	PUNCT
ajfa-11193	300	6	the	the	DET
ajfa-11193	300	7	p	p	NOUN
ajfa-11193	300	8	-	-	PUNCT
ajfa-11193	300	9	value	value	NOUN
ajfa-11193	300	10	is	be	AUX
ajfa-11193	300	11	again	again	ADV
ajfa-11193	300	12	smaller	small	ADJ
ajfa-11193	300	13	than	than	ADP
ajfa-11193	300	14	5	5	NUM
ajfa-11193	300	15	%	%	NOUN
ajfa-11193	300	16	,	,	PUNCT
ajfa-11193	300	17	which	which	PRON
ajfa-11193	300	18	indicates	indicate	VERB
ajfa-11193	300	19	that	that	SCONJ
ajfa-11193	300	20	the	the	DET
ajfa-11193	300	21	null	null	ADJ
ajfa-11193	300	22	hypothesis	hypothesis	NOUN
ajfa-11193	300	23	is	be	AUX
ajfa-11193	300	24	rejected	reject	VERB
ajfa-11193	300	25	,	,	PUNCT
ajfa-11193	300	26	and	and	CCONJ
ajfa-11193	300	27	the	the	DET
ajfa-11193	300	28	fe	fe	NOUN
ajfa-11193	300	29	model	model	NOUN
ajfa-11193	300	30	is	be	AUX
ajfa-11193	300	31	preferred	prefer	VERB
ajfa-11193	300	32	.	.	PUNCT
ajfa-11193	301	1	the	the	DET
ajfa-11193	301	2	significant	significant	ADJ
ajfa-11193	301	3	result	result	NOUN
ajfa-11193	301	4	from	from	ADP
ajfa-11193	301	5	ols	ol	NOUN
ajfa-11193	301	6	model	model	NOUN
ajfa-11193	301	7	indicates	indicate	VERB
ajfa-11193	301	8	negative	negative	ADJ
ajfa-11193	301	9	relationship	relationship	NOUN
ajfa-11193	301	10	between	between	ADP
ajfa-11193	301	11	number	number	NOUN
ajfa-11193	301	12	of	of	ADP
ajfa-11193	301	13	days	day	NOUN
ajfa-11193	301	14	ar	ar	NOUN
ajfa-11193	301	15	and	and	CCONJ
ajfa-11193	301	16	profitability	profitability	NOUN
ajfa-11193	301	17	of	of	ADP
ajfa-11193	301	18	large	large	ADJ
ajfa-11193	301	19	indonesian	indonesian	ADJ
ajfa-11193	301	20	real	real	ADJ
ajfa-11193	301	21	estate	estate	NOUN
ajfa-11193	301	22	companies	company	NOUN
ajfa-11193	301	23	.	.	PUNCT
ajfa-11193	302	1	this	this	PRON
ajfa-11193	302	2	is	be	AUX
ajfa-11193	302	3	similar	similar	ADJ
ajfa-11193	302	4	with	with	ADP
ajfa-11193	302	5	the	the	DET
ajfa-11193	302	6	results	result	NOUN
ajfa-11193	302	7	with	with	ADP
ajfa-11193	302	8	the	the	DET
ajfa-11193	302	9	studies	study	NOUN
ajfa-11193	302	10	of	of	ADP
ajfa-11193	302	11	shin	shin	NOUN
ajfa-11193	302	12	and	and	CCONJ
ajfa-11193	302	13	soenen	soenen	NOUN
ajfa-11193	302	14	(	(	PUNCT
ajfa-11193	302	15	1998	1998	NUM
ajfa-11193	302	16	)	)	PUNCT
ajfa-11193	302	17	,	,	PUNCT
ajfa-11193	302	18	deloof	deloof	NOUN
ajfa-11193	302	19	(	(	PUNCT
ajfa-11193	302	20	2003	2003	NUM
ajfa-11193	302	21	)	)	PUNCT
ajfa-11193	302	22	and	and	CCONJ
ajfa-11193	302	23	enqvist	enqvist	NOUN
ajfa-11193	302	24	et	et	PROPN
ajfa-11193	302	25	al	al	PROPN
ajfa-11193	302	26	.	.	PROPN
ajfa-11193	303	1	(	(	PUNCT
ajfa-11193	303	2	2014	2014	NUM
ajfa-11193	303	3	)	)	PUNCT
ajfa-11193	303	4	,	,	PUNCT
ajfa-11193	303	5	and	and	CCONJ
ajfa-11193	303	6	the	the	DET
ajfa-11193	303	7	findings	finding	NOUN
ajfa-11193	303	8	for	for	ADP
ajfa-11193	303	9	all	all	DET
ajfa-11193	303	10	indonesian	indonesian	ADJ
ajfa-11193	303	11	real	real	ADJ
ajfa-11193	303	12	estate	estate	NOUN
ajfa-11193	303	13	companies	company	NOUN
ajfa-11193	303	14	.	.	PUNCT
ajfa-11193	304	1	the	the	DET
ajfa-11193	304	2	paper	paper	NOUN
ajfa-11193	304	3	believes	believe	VERB
ajfa-11193	304	4	that	that	SCONJ
ajfa-11193	304	5	flexible	flexible	ADJ
ajfa-11193	304	6	payments	payment	NOUN
ajfa-11193	304	7	terms	term	NOUN
ajfa-11193	304	8	and	and	CCONJ
ajfa-11193	304	9	discounts	discount	NOUN
ajfa-11193	304	10	to	to	ADP
ajfa-11193	304	11	customer	customer	NOUN
ajfa-11193	304	12	as	as	SCONJ
ajfa-11193	304	13	earlier	early	ADV
ajfa-11193	304	14	suggested	suggest	VERB
ajfa-11193	304	15	are	be	AUX
ajfa-11193	304	16	better	well	ADV
ajfa-11193	304	17	handled	handle	VERB
ajfa-11193	304	18	by	by	ADP
ajfa-11193	304	19	larger	large	ADJ
ajfa-11193	304	20	firms	firm	NOUN
ajfa-11193	304	21	because	because	SCONJ
ajfa-11193	304	22	of	of	ADP
ajfa-11193	304	23	larger	large	ADJ
ajfa-11193	304	24	current	current	ADJ
ajfa-11193	304	25	asset	asset	NOUN
ajfa-11193	304	26	base	base	NOUN
ajfa-11193	304	27	like	like	ADP
ajfa-11193	304	28	cash	cash	NOUN
ajfa-11193	304	29	and	and	CCONJ
ajfa-11193	304	30	near	near	ADJ
ajfa-11193	304	31	-	-	PUNCT
ajfa-11193	304	32	cash	cash	NOUN
ajfa-11193	304	33	assets	asset	NOUN
ajfa-11193	304	34	like	like	ADP
ajfa-11193	304	35	short	short	ADJ
ajfa-11193	304	36	-	-	PUNCT
ajfa-11193	304	37	term	term	NOUN
ajfa-11193	304	38	marketable	marketable	ADJ
ajfa-11193	304	39	securities	security	NOUN
ajfa-11193	304	40	.	.	PUNCT
ajfa-11193	305	1	asian	asian	ADJ
ajfa-11193	305	2	journal	journal	PROPN
ajfa-11193	305	3	of	of	ADP
ajfa-11193	305	4	finance	finance	PROPN
ajfa-11193	305	5	&	&	CCONJ
ajfa-11193	305	6	accounting	accounting	PROPN
ajfa-11193	305	7	issn	issn	PROPN
ajfa-11193	305	8	1946	1946	NUM
ajfa-11193	305	9	-	-	PUNCT
ajfa-11193	305	10	052x	052x	PROPN
ajfa-11193	305	11	2017	2017	NUM
ajfa-11193	305	12	,	,	PUNCT
ajfa-11193	305	13	vol	vol	NOUN
ajfa-11193	305	14	.	.	NOUN
ajfa-11193	305	15	9	9	NUM
ajfa-11193	305	16	,	,	PUNCT
ajfa-11193	305	17	no	no	INTJ
ajfa-11193	305	18	.	.	NOUN
ajfa-11193	305	19	1	1	NUM
ajfa-11193	305	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	305	21	415	415	NUM
ajfa-11193	305	22	table	table	NOUN
ajfa-11193	305	23	7	7	NUM
ajfa-11193	305	24	.	.	PUNCT
ajfa-11193	305	25	multiple	multiple	ADJ
ajfa-11193	305	26	regression	regression	NOUN
ajfa-11193	305	27	result	result	NOUN
ajfa-11193	305	28	for	for	ADP
ajfa-11193	305	29	large	large	ADJ
ajfa-11193	305	30	indonesian	indonesian	ADJ
ajfa-11193	305	31	real	real	ADJ
ajfa-11193	305	32	estate	estate	NOUN
ajfa-11193	305	33	companies	company	NOUN
ajfa-11193	305	34	firm	firm	ADJ
ajfa-11193	305	35	-	-	PUNCT
ajfa-11193	305	36	specific	specific	ADJ
ajfa-11193	305	37	variables	variable	NOUN
ajfa-11193	305	38	ols	ol	NOUN
ajfa-11193	305	39	(	(	PUNCT
ajfa-11193	305	40	heteroskedasticity	heteroskedasticity	NOUN
ajfa-11193	305	41	corrected	correct	VERB
ajfa-11193	305	42	)	)	PUNCT
ajfa-11193	305	43	fe	fe	X
ajfa-11193	305	44	re	re	X
ajfa-11193	305	45	ar	ar	PROPN
ajfa-11193	305	46	−0.000	−0.000	NOUN
ajfa-11193	305	47	*	*	PUNCT
ajfa-11193	305	48	*	*	PUNCT
ajfa-11193	305	49	*	*	PUNCT
ajfa-11193	305	50	(	(	PUNCT
ajfa-11193	305	51	0.002	0.002	NUM
ajfa-11193	305	52	)	)	PUNCT
ajfa-11193	305	53	0.000	0.000	NUM
ajfa-11193	305	54	(	(	PUNCT
ajfa-11193	305	55	0.990	0.990	NUM
ajfa-11193	305	56	)	)	PUNCT
ajfa-11193	305	57	−0.000	−0.000	NOUN
ajfa-11193	305	58	*	*	PUNCT
ajfa-11193	305	59	(	(	PUNCT
ajfa-11193	305	60	0.091	0.091	NUM
ajfa-11193	305	61	)	)	PUNCT
ajfa-11193	305	62	in	in	ADP
ajfa-11193	305	63	0.000	0.000	NUM
ajfa-11193	305	64	*	*	PUNCT
ajfa-11193	305	65	(	(	PUNCT
ajfa-11193	305	66	0.079	0.079	NUM
ajfa-11193	305	67	)	)	PUNCT
ajfa-11193	305	68	0.000	0.000	NUM
ajfa-11193	306	1	*	*	PUNCT
ajfa-11193	306	2	*	*	PUNCT
ajfa-11193	306	3	(	(	PUNCT
ajfa-11193	306	4	0.0157	0.0157	NUM
ajfa-11193	306	5	)	)	PUNCT
ajfa-11193	306	6	0.000	0.000	NUM
ajfa-11193	307	1	*	*	PUNCT
ajfa-11193	307	2	*	*	PUNCT
ajfa-11193	307	3	(	(	PUNCT
ajfa-11193	307	4	0.012	0.012	NUM
ajfa-11193	307	5	)	)	PUNCT
ajfa-11193	307	6	ap	ap	NOUN
ajfa-11193	308	1	−0.000	−0.000	NOUN
ajfa-11193	308	2	*	*	PUNCT
ajfa-11193	309	1	*	*	PUNCT
ajfa-11193	309	2	(	(	PUNCT
ajfa-11193	309	3	0.013	0.013	NUM
ajfa-11193	309	4	)	)	PUNCT
ajfa-11193	309	5	0.000	0.000	NUM
ajfa-11193	310	1	*	*	PUNCT
ajfa-11193	310	2	*	*	PUNCT
ajfa-11193	310	3	(	(	PUNCT
ajfa-11193	310	4	0.027	0.027	NUM
ajfa-11193	310	5	)	)	PUNCT
ajfa-11193	310	6	0.000	0.000	NUM
ajfa-11193	310	7	(	(	PUNCT
ajfa-11193	310	8	0.164	0.164	NUM
ajfa-11193	310	9	)	)	PUNCT
ajfa-11193	310	10	size	size	NOUN
ajfa-11193	310	11	0.006	0.006	NUM
ajfa-11193	310	12	*	*	PUNCT
ajfa-11193	310	13	(	(	PUNCT
ajfa-11193	310	14	0.094	0.094	NUM
ajfa-11193	310	15	)	)	PUNCT
ajfa-11193	310	16	0.039	0.039	NUM
ajfa-11193	310	17	*	*	PUNCT
ajfa-11193	310	18	*	*	PUNCT
ajfa-11193	310	19	*	*	PUNCT
ajfa-11193	310	20	(	(	PUNCT
ajfa-11193	310	21	0.000	0.000	NUM
ajfa-11193	310	22	)	)	PUNCT
ajfa-11193	310	23	0.023	0.023	NUM
ajfa-11193	310	24	*	*	PUNCT
ajfa-11193	310	25	*	*	PUNCT
ajfa-11193	310	26	*	*	PUNCT
ajfa-11193	310	27	(	(	PUNCT
ajfa-11193	310	28	0.0003	0.0003	NUM
ajfa-11193	310	29	)	)	PUNCT
ajfa-11193	310	30	cr	cr	NOUN
ajfa-11193	310	31	−0.001	−0.001	PROPN
ajfa-11193	310	32	(	(	PUNCT
ajfa-11193	310	33	0.687	0.687	NUM
ajfa-11193	310	34	)	)	PUNCT
ajfa-11193	310	35	0.012	0.012	NUM
ajfa-11193	310	36	*	*	PUNCT
ajfa-11193	310	37	*	*	PUNCT
ajfa-11193	310	38	*	*	PUNCT
ajfa-11193	310	39	(	(	PUNCT
ajfa-11193	310	40	0.001	0.001	NUM
ajfa-11193	310	41	)	)	PUNCT
ajfa-11193	310	42	0.003	0.003	NUM
ajfa-11193	310	43	(	(	PUNCT
ajfa-11193	310	44	0.288	0.288	NUM
ajfa-11193	310	45	)	)	PUNCT
ajfa-11193	310	46	dr	dr	PROPN
ajfa-11193	310	47	−0.030	−0.030	PROPN
ajfa-11193	310	48	(	(	PUNCT
ajfa-11193	310	49	0.252	0.252	NUM
ajfa-11193	310	50	)	)	PUNCT
ajfa-11193	310	51	−0.123	−0.123	NOUN
ajfa-11193	310	52	*	*	PUNCT
ajfa-11193	310	53	*	*	PUNCT
ajfa-11193	310	54	*	*	PUNCT
ajfa-11193	310	55	(	(	PUNCT
ajfa-11193	310	56	0.004	0.004	NUM
ajfa-11193	310	57	)	)	PUNCT
ajfa-11193	310	58	−0.136	−0.136	NOUN
ajfa-11193	311	1	*	*	PUNCT
ajfa-11193	311	2	*	*	PUNCT
ajfa-11193	311	3	*	*	PUNCT
ajfa-11193	311	4	(	(	PUNCT
ajfa-11193	311	5	0.001	0.001	NUM
ajfa-11193	311	6	)	)	PUNCT
ajfa-11193	311	7	sg	sg	ADP
ajfa-11193	311	8	0.015	0.015	NUM
ajfa-11193	311	9	*	*	PUNCT
ajfa-11193	311	10	*	*	PUNCT
ajfa-11193	311	11	(	(	PUNCT
ajfa-11193	311	12	0.022	0.022	NUM
ajfa-11193	311	13	)	)	PUNCT
ajfa-11193	311	14	0.033	0.033	NUM
ajfa-11193	312	1	*	*	PUNCT
ajfa-11193	312	2	*	*	PUNCT
ajfa-11193	312	3	*	*	PUNCT
ajfa-11193	312	4	(	(	PUNCT
ajfa-11193	312	5	0.000	0.000	NUM
ajfa-11193	312	6	)	)	PUNCT
ajfa-11193	313	1	0.029	0.029	NUM
ajfa-11193	313	2	*	*	PUNCT
ajfa-11193	313	3	*	*	PUNCT
ajfa-11193	313	4	*	*	PUNCT
ajfa-11193	313	5	(	(	PUNCT
ajfa-11193	313	6	0.000	0.000	NUM
ajfa-11193	313	7	)	)	PUNCT
ajfa-11193	313	8	tang	tang	NOUN
ajfa-11193	314	1	−0.065	−0.065	NOUN
ajfa-11193	315	1	*	*	PUNCT
ajfa-11193	316	1	*	*	PUNCT
ajfa-11193	316	2	(	(	PUNCT
ajfa-11193	316	3	0.017	0.017	NUM
ajfa-11193	316	4	)	)	PUNCT
ajfa-11193	316	5	−0.074	−0.074	PROPN
ajfa-11193	317	1	*	*	PUNCT
ajfa-11193	317	2	*	*	PUNCT
ajfa-11193	317	3	(	(	PUNCT
ajfa-11193	317	4	0.044	0.044	NUM
ajfa-11193	317	5	)	)	PUNCT
ajfa-11193	317	6	−0.058	−0.058	NOUN
ajfa-11193	317	7	*	*	PUNCT
ajfa-11193	317	8	(	(	PUNCT
ajfa-11193	317	9	0.081	0.081	NUM
ajfa-11193	317	10	)	)	PUNCT
ajfa-11193	317	11	constant	constant	ADJ
ajfa-11193	317	12	−0.058	−0.058	PROPN
ajfa-11193	317	13	(	(	PUNCT
ajfa-11193	317	14	0.516	0.516	NUM
ajfa-11193	317	15	)	)	PUNCT
ajfa-11193	317	16	−1.01446	−1.01446	NOUN
ajfa-11193	317	17	*	*	PUNCT
ajfa-11193	317	18	*	*	PUNCT
ajfa-11193	317	19	*	*	PUNCT
ajfa-11193	317	20	(	(	PUNCT
ajfa-11193	317	21	0.000	0.000	X
ajfa-11193	317	22	)	)	PUNCT
ajfa-11193	317	23	−0.520	−0.520	NOUN
ajfa-11193	318	1	*	*	PUNCT
ajfa-11193	319	1	*	*	PUNCT
ajfa-11193	319	2	*	*	PUNCT
ajfa-11193	319	3	(	(	PUNCT
ajfa-11193	319	4	0.003	0.003	NUM
ajfa-11193	319	5	)	)	PUNCT
ajfa-11193	319	6	r	r	NOUN
ajfa-11193	319	7	-	-	PUNCT
ajfa-11193	319	8	squared	square	VERB
ajfa-11193	319	9	0.348	0.348	NUM
ajfa-11193	319	10	0.618	0.618	NUM
ajfa-11193	319	11	log	log	NOUN
ajfa-11193	319	12	-	-	PUNCT
ajfa-11193	319	13	likelihood	likelihood	NOUN
ajfa-11193	319	14	−228.964	−228.964	PROPN
ajfa-11193	319	15	273.640	273.640	NUM
ajfa-11193	319	16	194.490	194.490	NUM
ajfa-11193	319	17	hausman	hausman	ADJ
ajfa-11193	319	18	test	test	NOUN
ajfa-11193	319	19	(	(	PUNCT
ajfa-11193	319	20	p	p	NOUN
ajfa-11193	319	21	-	-	PUNCT
ajfa-11193	319	22	value	value	NOUN
ajfa-11193	319	23	)	)	PUNCT
ajfa-11193	319	24	62.016	62.016	NUM
ajfa-11193	319	25	*	*	PUNCT
ajfa-11193	319	26	*	*	PUNCT
ajfa-11193	319	27	*	*	PUNCT
ajfa-11193	319	28	(	(	PUNCT
ajfa-11193	319	29	0.000	0.000	NUM
ajfa-11193	319	30	)	)	PUNCT
ajfa-11193	319	31	note	note	NOUN
ajfa-11193	319	32	:	:	PUNCT
ajfa-11193	320	1	*	*	PUNCT
ajfa-11193	320	2	,	,	PUNCT
ajfa-11193	320	3	*	*	PUNCT
ajfa-11193	320	4	*	*	PUNCT
ajfa-11193	320	5	and	and	CCONJ
ajfa-11193	320	6	*	*	PUNCT
ajfa-11193	320	7	*	*	PUNCT
ajfa-11193	320	8	*	*	NOUN
ajfa-11193	320	9	are	be	AUX
ajfa-11193	320	10	significance	significance	NOUN
ajfa-11193	320	11	at	at	ADP
ajfa-11193	320	12	the	the	DET
ajfa-11193	320	13	10	10	NUM
ajfa-11193	320	14	,	,	PUNCT
ajfa-11193	320	15	5	5	NUM
ajfa-11193	320	16	and	and	CCONJ
ajfa-11193	320	17	1	1	NUM
ajfa-11193	320	18	%	%	NOUN
ajfa-11193	320	19	levels	level	NOUN
ajfa-11193	320	20	,	,	PUNCT
ajfa-11193	320	21	respectively	respectively	ADV
ajfa-11193	320	22	;	;	PUNCT
ajfa-11193	320	23	p	p	X
ajfa-11193	320	24	-	-	PUNCT
ajfa-11193	320	25	values	value	NOUN
ajfa-11193	320	26	are	be	AUX
ajfa-11193	320	27	in	in	ADP
ajfa-11193	320	28	parentheses	parenthesis	NOUN
ajfa-11193	320	29	the	the	DET
ajfa-11193	320	30	number	number	NOUN
ajfa-11193	320	31	of	of	ADP
ajfa-11193	320	32	days	day	NOUN
ajfa-11193	320	33	inventories	inventory	NOUN
ajfa-11193	320	34	also	also	ADV
ajfa-11193	320	35	has	have	VERB
ajfa-11193	320	36	positive	positive	ADJ
ajfa-11193	320	37	significant	significant	ADJ
ajfa-11193	320	38	relationship	relationship	NOUN
ajfa-11193	320	39	with	with	ADP
ajfa-11193	320	40	profitability	profitability	NOUN
ajfa-11193	320	41	in	in	ADP
ajfa-11193	320	42	both	both	CCONJ
ajfa-11193	320	43	the	the	DET
ajfa-11193	320	44	ols	ol	NOUN
ajfa-11193	320	45	and	and	CCONJ
ajfa-11193	320	46	the	the	DET
ajfa-11193	320	47	fe	fe	NOUN
ajfa-11193	320	48	models	model	NOUN
ajfa-11193	320	49	and	and	CCONJ
ajfa-11193	320	50	also	also	ADV
ajfa-11193	320	51	conforms	conform	VERB
ajfa-11193	320	52	with	with	ADP
ajfa-11193	320	53	the	the	DET
ajfa-11193	320	54	previous	previous	ADJ
ajfa-11193	320	55	studies	study	NOUN
ajfa-11193	320	56	of	of	ADP
ajfa-11193	320	57	shin	shin	NOUN
ajfa-11193	320	58	and	and	CCONJ
ajfa-11193	320	59	soenen	soenen	NOUN
ajfa-11193	320	60	(	(	PUNCT
ajfa-11193	320	61	1998	1998	NUM
ajfa-11193	320	62	)	)	PUNCT
ajfa-11193	320	63	and	and	CCONJ
ajfa-11193	320	64	enqvist	enqvist	NOUN
ajfa-11193	320	65	et	et	PROPN
ajfa-11193	320	66	al	al	PROPN
ajfa-11193	320	67	.	.	PROPN
ajfa-11193	321	1	(	(	PUNCT
ajfa-11193	321	2	2014	2014	NUM
ajfa-11193	321	3	)	)	PUNCT
ajfa-11193	321	4	,	,	PUNCT
ajfa-11193	321	5	and	and	CCONJ
ajfa-11193	321	6	the	the	DET
ajfa-11193	321	7	results	result	NOUN
ajfa-11193	321	8	for	for	ADP
ajfa-11193	321	9	all	all	DET
ajfa-11193	321	10	real	real	ADJ
ajfa-11193	321	11	estate	estate	NOUN
ajfa-11193	321	12	companies	company	NOUN
ajfa-11193	321	13	.	.	PUNCT
ajfa-11193	322	1	the	the	DET
ajfa-11193	322	2	initial	initial	ADJ
ajfa-11193	322	3	suggestion	suggestion	NOUN
ajfa-11193	322	4	of	of	ADP
ajfa-11193	322	5	this	this	DET
ajfa-11193	322	6	paper	paper	NOUN
ajfa-11193	322	7	again	again	ADV
ajfa-11193	322	8	favors	favor	VERB
ajfa-11193	322	9	large	large	ADJ
ajfa-11193	322	10	companies	company	NOUN
ajfa-11193	322	11	,	,	PUNCT
ajfa-11193	322	12	because	because	SCONJ
ajfa-11193	322	13	of	of	ADP
ajfa-11193	322	14	their	their	PRON
ajfa-11193	322	15	ability	ability	NOUN
ajfa-11193	322	16	to	to	PART
ajfa-11193	322	17	maintain	maintain	VERB
ajfa-11193	322	18	higher	high	ADJ
ajfa-11193	322	19	liquid	liquid	ADJ
ajfa-11193	322	20	assets	asset	NOUN
ajfa-11193	322	21	that	that	PRON
ajfa-11193	322	22	supports	support	VERB
ajfa-11193	322	23	maintenance	maintenance	NOUN
ajfa-11193	322	24	costs	cost	NOUN
ajfa-11193	322	25	related	relate	VERB
ajfa-11193	322	26	to	to	ADP
ajfa-11193	322	27	real	real	ADJ
ajfa-11193	322	28	estate	estate	NOUN
ajfa-11193	322	29	inventories	inventory	NOUN
ajfa-11193	322	30	.	.	PUNCT
ajfa-11193	323	1	the	the	DET
ajfa-11193	323	2	number	number	NOUN
ajfa-11193	323	3	of	of	ADP
ajfa-11193	323	4	days	day	NOUN
ajfa-11193	323	5	account	account	NOUN
ajfa-11193	323	6	payable	payable	ADJ
ajfa-11193	323	7	has	have	VERB
ajfa-11193	323	8	negative	negative	ADJ
ajfa-11193	323	9	relationship	relationship	NOUN
ajfa-11193	323	10	with	with	ADP
ajfa-11193	323	11	roa	roa	PROPN
ajfa-11193	323	12	based	base	VERB
ajfa-11193	323	13	on	on	ADP
ajfa-11193	323	14	the	the	DET
ajfa-11193	323	15	ols	ol	NOUN
ajfa-11193	323	16	model	model	NOUN
ajfa-11193	323	17	,	,	PUNCT
ajfa-11193	323	18	which	which	PRON
ajfa-11193	323	19	means	mean	VERB
ajfa-11193	323	20	that	that	SCONJ
ajfa-11193	323	21	the	the	DET
ajfa-11193	323	22	longer	long	ADJ
ajfa-11193	323	23	days	day	NOUN
ajfa-11193	323	24	of	of	ADP
ajfa-11193	323	25	account	account	NOUN
ajfa-11193	323	26	payable	payable	ADJ
ajfa-11193	323	27	,	,	PUNCT
ajfa-11193	323	28	the	the	DET
ajfa-11193	323	29	lesser	less	ADJ
ajfa-11193	323	30	company	company	NOUN
ajfa-11193	323	31	produces	produce	VERB
ajfa-11193	323	32	profits	profit	NOUN
ajfa-11193	323	33	.	.	PUNCT
ajfa-11193	324	1	this	this	PRON
ajfa-11193	324	2	corresponds	correspond	VERB
ajfa-11193	324	3	to	to	ADP
ajfa-11193	324	4	the	the	DET
ajfa-11193	324	5	alternative	alternative	ADJ
ajfa-11193	324	6	hypotheses	hypothesis	NOUN
ajfa-11193	324	7	,	,	PUNCT
ajfa-11193	324	8	and	and	CCONJ
ajfa-11193	324	9	also	also	ADV
ajfa-11193	324	10	confirms	confirm	VERB
ajfa-11193	324	11	the	the	DET
ajfa-11193	324	12	study	study	NOUN
ajfa-11193	324	13	of	of	ADP
ajfa-11193	324	14	enqvist	enqvist	PROPN
ajfa-11193	324	15	et	et	PROPN
ajfa-11193	324	16	al	al	PROPN
ajfa-11193	324	17	.	.	PROPN
ajfa-11193	325	1	(	(	PUNCT
ajfa-11193	325	2	2014	2014	NUM
ajfa-11193	325	3	)	)	PUNCT
ajfa-11193	325	4	,	,	PUNCT
ajfa-11193	325	5	which	which	PRON
ajfa-11193	325	6	explained	explain	VERB
ajfa-11193	325	7	that	that	SCONJ
ajfa-11193	325	8	huge	huge	ADJ
ajfa-11193	325	9	cash	cash	NOUN
ajfa-11193	325	10	discounts	discount	NOUN
ajfa-11193	325	11	being	be	AUX
ajfa-11193	325	12	availed	avail	VERB
ajfa-11193	325	13	by	by	ADP
ajfa-11193	325	14	large	large	ADJ
ajfa-11193	325	15	real	real	ADJ
ajfa-11193	325	16	estate	estate	NOUN
ajfa-11193	325	17	companies	company	NOUN
ajfa-11193	325	18	on	on	ADP
ajfa-11193	325	19	the	the	DET
ajfa-11193	325	20	early	early	ADJ
ajfa-11193	325	21	settlement	settlement	NOUN
ajfa-11193	325	22	of	of	ADP
ajfa-11193	325	23	payables	payable	NOUN
ajfa-11193	325	24	can	can	AUX
ajfa-11193	325	25	be	be	AUX
ajfa-11193	325	26	source	source	NOUN
ajfa-11193	325	27	of	of	ADP
ajfa-11193	325	28	financing	financing	NOUN
ajfa-11193	325	29	that	that	PRON
ajfa-11193	325	30	increases	increase	VERB
ajfa-11193	325	31	cash	cash	NOUN
ajfa-11193	325	32	holdings	holding	NOUN
ajfa-11193	325	33	.	.	PUNCT
ajfa-11193	326	1	accordingly	accordingly	ADV
ajfa-11193	326	2	,	,	PUNCT
ajfa-11193	326	3	this	this	DET
ajfa-11193	326	4	study	study	NOUN
ajfa-11193	326	5	suggests	suggest	VERB
ajfa-11193	326	6	that	that	SCONJ
ajfa-11193	326	7	large	large	ADJ
ajfa-11193	326	8	indonesian	indonesian	ADJ
ajfa-11193	326	9	companies	company	NOUN
ajfa-11193	326	10	to	to	PART
ajfa-11193	326	11	avail	avail	VERB
ajfa-11193	326	12	of	of	ADP
ajfa-11193	326	13	cash	cash	NOUN
ajfa-11193	326	14	discount	discount	NOUN
ajfa-11193	326	15	deals	deal	NOUN
ajfa-11193	326	16	from	from	ADP
ajfa-11193	326	17	suppliers	supplier	NOUN
ajfa-11193	326	18	,	,	PUNCT
ajfa-11193	326	19	and	and	CCONJ
ajfa-11193	326	20	maintain	maintain	VERB
ajfa-11193	326	21	closer	close	ADJ
ajfa-11193	326	22	business	business	NOUN
ajfa-11193	326	23	relationship	relationship	NOUN
ajfa-11193	326	24	that	that	PRON
ajfa-11193	326	25	may	may	AUX
ajfa-11193	326	26	increase	increase	VERB
ajfa-11193	326	27	asian	asian	ADJ
ajfa-11193	326	28	journal	journal	NOUN
ajfa-11193	326	29	of	of	ADP
ajfa-11193	326	30	finance	finance	PROPN
ajfa-11193	326	31	&	&	CCONJ
ajfa-11193	326	32	accounting	accounting	PROPN
ajfa-11193	326	33	issn	issn	PROPN
ajfa-11193	326	34	1946	1946	NUM
ajfa-11193	326	35	-	-	PUNCT
ajfa-11193	326	36	052x	052x	PROPN
ajfa-11193	326	37	2017	2017	NUM
ajfa-11193	326	38	,	,	PUNCT
ajfa-11193	326	39	vol	vol	NOUN
ajfa-11193	326	40	.	.	NOUN
ajfa-11193	326	41	9	9	NUM
ajfa-11193	326	42	,	,	PUNCT
ajfa-11193	326	43	no	no	INTJ
ajfa-11193	326	44	.	.	NOUN
ajfa-11193	326	45	1	1	NUM
ajfa-11193	326	46	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	326	47	416	416	NUM
ajfa-11193	326	48	positive	positive	ADJ
ajfa-11193	326	49	goodwill	goodwill	NOUN
ajfa-11193	326	50	in	in	ADP
ajfa-11193	326	51	the	the	DET
ajfa-11193	326	52	future	future	NOUN
ajfa-11193	326	53	.	.	PUNCT
ajfa-11193	327	1	on	on	ADP
ajfa-11193	327	2	the	the	DET
ajfa-11193	327	3	other	other	ADJ
ajfa-11193	327	4	hand	hand	NOUN
ajfa-11193	327	5	,	,	PUNCT
ajfa-11193	327	6	based	base	VERB
ajfa-11193	327	7	on	on	ADP
ajfa-11193	327	8	the	the	DET
ajfa-11193	327	9	fe	fe	PROPN
ajfa-11193	327	10	model	model	NOUN
ajfa-11193	327	11	,	,	PUNCT
ajfa-11193	327	12	days	day	NOUN
ajfa-11193	327	13	account	account	NOUN
ajfa-11193	327	14	payable	payable	ADJ
ajfa-11193	327	15	has	have	VERB
ajfa-11193	327	16	positive	positive	ADJ
ajfa-11193	327	17	significant	significant	ADJ
ajfa-11193	327	18	relationship	relationship	NOUN
ajfa-11193	327	19	with	with	ADP
ajfa-11193	327	20	profitability	profitability	NOUN
ajfa-11193	327	21	,	,	PUNCT
ajfa-11193	327	22	which	which	PRON
ajfa-11193	327	23	is	be	AUX
ajfa-11193	327	24	also	also	ADV
ajfa-11193	327	25	consistent	consistent	ADJ
ajfa-11193	327	26	with	with	ADP
ajfa-11193	327	27	previous	previous	ADJ
ajfa-11193	327	28	findings	finding	NOUN
ajfa-11193	327	29	of	of	ADP
ajfa-11193	327	30	deloof	deloof	NOUN
ajfa-11193	327	31	(	(	PUNCT
ajfa-11193	327	32	2003	2003	NUM
ajfa-11193	327	33	)	)	PUNCT
ajfa-11193	327	34	,	,	PUNCT
ajfa-11193	327	35	and	and	CCONJ
ajfa-11193	327	36	similar	similar	ADJ
ajfa-11193	327	37	with	with	ADP
ajfa-11193	327	38	the	the	DET
ajfa-11193	327	39	findings	finding	NOUN
ajfa-11193	327	40	for	for	ADP
ajfa-11193	327	41	all	all	DET
ajfa-11193	327	42	real	real	ADJ
ajfa-11193	327	43	estate	estate	NOUN
ajfa-11193	327	44	companies	company	NOUN
ajfa-11193	327	45	.	.	PUNCT
ajfa-11193	328	1	this	this	DET
ajfa-11193	328	2	paper	paper	NOUN
ajfa-11193	328	3	believes	believe	VERB
ajfa-11193	328	4	that	that	SCONJ
ajfa-11193	328	5	large	large	ADJ
ajfa-11193	328	6	companies	company	NOUN
ajfa-11193	328	7	have	have	VERB
ajfa-11193	328	8	better	well	ADJ
ajfa-11193	328	9	bargaining	bargaining	NOUN
ajfa-11193	328	10	power	power	NOUN
ajfa-11193	328	11	over	over	ADP
ajfa-11193	328	12	with	with	ADP
ajfa-11193	328	13	suppliers	supplier	NOUN
ajfa-11193	328	14	over	over	ADP
ajfa-11193	328	15	other	other	ADJ
ajfa-11193	328	16	companies	company	NOUN
ajfa-11193	328	17	because	because	SCONJ
ajfa-11193	328	18	of	of	ADP
ajfa-11193	328	19	their	their	PRON
ajfa-11193	328	20	larger	large	ADJ
ajfa-11193	328	21	network	network	NOUN
ajfa-11193	328	22	and	and	CCONJ
ajfa-11193	328	23	better	well	ADJ
ajfa-11193	328	24	reputation	reputation	NOUN
ajfa-11193	328	25	in	in	ADP
ajfa-11193	328	26	the	the	DET
ajfa-11193	328	27	industry	industry	NOUN
ajfa-11193	328	28	.	.	PUNCT
ajfa-11193	329	1	size	size	NOUN
ajfa-11193	329	2	has	have	VERB
ajfa-11193	329	3	significant	significant	ADJ
ajfa-11193	329	4	positive	positive	ADJ
ajfa-11193	329	5	relationship	relationship	NOUN
ajfa-11193	329	6	with	with	ADP
ajfa-11193	329	7	profitability	profitability	NOUN
ajfa-11193	329	8	as	as	ADP
ajfa-11193	329	9	per	per	ADP
ajfa-11193	329	10	the	the	DET
ajfa-11193	329	11	results	result	NOUN
ajfa-11193	329	12	of	of	ADP
ajfa-11193	329	13	both	both	CCONJ
ajfa-11193	329	14	the	the	DET
ajfa-11193	329	15	ols	ol	NOUN
ajfa-11193	329	16	and	and	CCONJ
ajfa-11193	329	17	the	the	DET
ajfa-11193	329	18	fe	fe	PROPN
ajfa-11193	329	19	models	model	NOUN
ajfa-11193	329	20	,	,	PUNCT
ajfa-11193	329	21	supports	support	VERB
ajfa-11193	329	22	the	the	DET
ajfa-11193	329	23	previous	previous	ADJ
ajfa-11193	329	24	findings	finding	NOUN
ajfa-11193	329	25	of	of	ADP
ajfa-11193	329	26	deloof	deloof	NOUN
ajfa-11193	329	27	(	(	PUNCT
ajfa-11193	329	28	2003	2003	NUM
ajfa-11193	329	29	)	)	PUNCT
ajfa-11193	329	30	,	,	PUNCT
ajfa-11193	329	31	garcia	garcia	PROPN
ajfa-11193	329	32	-	-	PUNCT
ajfa-11193	329	33	teruel	teruel	PROPN
ajfa-11193	329	34	and	and	CCONJ
ajfa-11193	329	35	martinez	martinez	PROPN
ajfa-11193	329	36	-	-	PUNCT
ajfa-11193	329	37	solano	solano	PROPN
ajfa-11193	329	38	(	(	PUNCT
ajfa-11193	329	39	2007	2007	NUM
ajfa-11193	329	40	)	)	PUNCT
ajfa-11193	329	41	,	,	PUNCT
ajfa-11193	329	42	and	and	CCONJ
ajfa-11193	329	43	pervan	pervan	NOUN
ajfa-11193	329	44	and	and	CCONJ
ajfa-11193	329	45	višić	višić	PROPN
ajfa-11193	329	46	(	(	PUNCT
ajfa-11193	329	47	2012	2012	NUM
ajfa-11193	329	48	)	)	PUNCT
ajfa-11193	329	49	;	;	PUNCT
ajfa-11193	329	50	and	and	CCONJ
ajfa-11193	329	51	is	be	AUX
ajfa-11193	329	52	consistent	consistent	ADJ
ajfa-11193	329	53	with	with	ADP
ajfa-11193	329	54	the	the	DET
ajfa-11193	329	55	findings	finding	NOUN
ajfa-11193	329	56	for	for	ADP
ajfa-11193	329	57	all	all	DET
ajfa-11193	329	58	indonesian	indonesian	ADJ
ajfa-11193	329	59	real	real	ADJ
ajfa-11193	329	60	estate	estate	NOUN
ajfa-11193	329	61	firms	firm	NOUN
ajfa-11193	329	62	.	.	PUNCT
ajfa-11193	330	1	this	this	DET
ajfa-11193	330	2	paper	paper	NOUN
ajfa-11193	330	3	favors	favor	VERB
ajfa-11193	330	4	larger	large	ADJ
ajfa-11193	330	5	firms	firm	NOUN
ajfa-11193	330	6	because	because	SCONJ
ajfa-11193	330	7	of	of	ADP
ajfa-11193	330	8	their	their	PRON
ajfa-11193	330	9	bigger	big	ADJ
ajfa-11193	330	10	business	business	NOUN
ajfa-11193	330	11	network	network	NOUN
ajfa-11193	330	12	,	,	PUNCT
ajfa-11193	330	13	and	and	CCONJ
ajfa-11193	330	14	higher	high	ADJ
ajfa-11193	330	15	market	market	NOUN
ajfa-11193	330	16	power	power	NOUN
ajfa-11193	330	17	that	that	PRON
ajfa-11193	330	18	allows	allow	VERB
ajfa-11193	330	19	them	they	PRON
ajfa-11193	330	20	to	to	PART
ajfa-11193	330	21	be	be	AUX
ajfa-11193	330	22	more	more	ADV
ajfa-11193	330	23	flexible	flexible	ADJ
ajfa-11193	330	24	in	in	ADP
ajfa-11193	330	25	operating	operate	VERB
ajfa-11193	330	26	their	their	PRON
ajfa-11193	330	27	business	business	NOUN
ajfa-11193	330	28	over	over	ADP
ajfa-11193	330	29	its	its	PRON
ajfa-11193	330	30	smaller	small	ADJ
ajfa-11193	330	31	competitors	competitor	NOUN
ajfa-11193	330	32	.	.	PUNCT
ajfa-11193	331	1	sales	sale	NOUN
ajfa-11193	331	2	growth	growth	NOUN
ajfa-11193	331	3	for	for	ADP
ajfa-11193	331	4	large	large	ADJ
ajfa-11193	331	5	indonesian	indonesian	ADJ
ajfa-11193	331	6	real	real	ADJ
ajfa-11193	331	7	estate	estate	NOUN
ajfa-11193	331	8	companies	company	NOUN
ajfa-11193	331	9	also	also	ADV
ajfa-11193	331	10	has	have	VERB
ajfa-11193	331	11	positive	positive	ADJ
ajfa-11193	331	12	significant	significant	ADJ
ajfa-11193	331	13	relationship	relationship	NOUN
ajfa-11193	331	14	with	with	ADP
ajfa-11193	331	15	profitability	profitability	NOUN
ajfa-11193	331	16	for	for	ADP
ajfa-11193	331	17	both	both	CCONJ
ajfa-11193	331	18	the	the	DET
ajfa-11193	331	19	ols	ol	NOUN
ajfa-11193	331	20	and	and	CCONJ
ajfa-11193	331	21	the	the	DET
ajfa-11193	331	22	fe	fe	NOUN
ajfa-11193	331	23	models	model	NOUN
ajfa-11193	331	24	,	,	PUNCT
ajfa-11193	331	25	which	which	PRON
ajfa-11193	331	26	is	be	AUX
ajfa-11193	331	27	consistent	consistent	ADJ
ajfa-11193	331	28	to	to	ADP
ajfa-11193	331	29	the	the	DET
ajfa-11193	331	30	fe	fe	PROPN
ajfa-11193	331	31	model	model	NOUN
ajfa-11193	331	32	findings	finding	NOUN
ajfa-11193	331	33	for	for	ADP
ajfa-11193	331	34	all	all	DET
ajfa-11193	331	35	real	real	ADJ
ajfa-11193	331	36	estate	estate	NOUN
ajfa-11193	331	37	company	company	NOUN
ajfa-11193	331	38	group	group	NOUN
ajfa-11193	331	39	.	.	PUNCT
ajfa-11193	332	1	this	this	PRON
ajfa-11193	332	2	again	again	ADV
ajfa-11193	332	3	corresponds	correspond	VERB
ajfa-11193	332	4	to	to	ADP
ajfa-11193	332	5	the	the	DET
ajfa-11193	332	6	alternative	alternative	ADJ
ajfa-11193	332	7	hypothesis	hypothesis	NOUN
ajfa-11193	332	8	and	and	CCONJ
ajfa-11193	332	9	supports	support	VERB
ajfa-11193	332	10	the	the	DET
ajfa-11193	332	11	findings	finding	NOUN
ajfa-11193	332	12	of	of	ADP
ajfa-11193	332	13	garcia	garcia	PROPN
ajfa-11193	332	14	-	-	PUNCT
ajfa-11193	332	15	teruel	teruel	PROPN
ajfa-11193	332	16	and	and	CCONJ
ajfa-11193	332	17	martinez	martinez	PROPN
ajfa-11193	332	18	-	-	PUNCT
ajfa-11193	332	19	solano	solano	PROPN
ajfa-11193	332	20	(	(	PUNCT
ajfa-11193	332	21	2007	2007	NUM
ajfa-11193	332	22	)	)	PUNCT
ajfa-11193	332	23	,	,	PUNCT
ajfa-11193	332	24	and	and	CCONJ
ajfa-11193	332	25	limbago	limbago	PROPN
ajfa-11193	332	26	and	and	CCONJ
ajfa-11193	332	27	juniarti	juniarti	PROPN
ajfa-11193	332	28	(	(	PUNCT
ajfa-11193	332	29	2014	2014	NUM
ajfa-11193	332	30	)	)	PUNCT
ajfa-11193	332	31	.	.	PUNCT
ajfa-11193	333	1	this	this	DET
ajfa-11193	333	2	study	study	NOUN
ajfa-11193	333	3	suggests	suggest	VERB
ajfa-11193	333	4	that	that	SCONJ
ajfa-11193	333	5	large	large	ADJ
ajfa-11193	333	6	companies	company	NOUN
ajfa-11193	333	7	,	,	PUNCT
ajfa-11193	333	8	given	give	VERB
ajfa-11193	333	9	their	their	PRON
ajfa-11193	333	10	more	more	ADV
ajfa-11193	333	11	liquid	liquid	ADJ
ajfa-11193	333	12	and	and	CCONJ
ajfa-11193	333	13	established	establish	VERB
ajfa-11193	333	14	situation	situation	NOUN
ajfa-11193	333	15	,	,	PUNCT
ajfa-11193	333	16	can	can	AUX
ajfa-11193	333	17	better	well	ADV
ajfa-11193	333	18	boost	boost	VERB
ajfa-11193	333	19	sales	sale	NOUN
ajfa-11193	333	20	by	by	ADP
ajfa-11193	333	21	offering	offer	VERB
ajfa-11193	333	22	discounts	discount	NOUN
ajfa-11193	333	23	and	and	CCONJ
ajfa-11193	333	24	more	more	ADV
ajfa-11193	333	25	flexible	flexible	ADJ
ajfa-11193	333	26	payment	payment	NOUN
ajfa-11193	333	27	terms	term	NOUN
ajfa-11193	333	28	to	to	PART
ajfa-11193	333	29	attract	attract	VERB
ajfa-11193	333	30	more	more	ADJ
ajfa-11193	333	31	customers	customer	NOUN
ajfa-11193	333	32	.	.	PUNCT
ajfa-11193	334	1	tangibility	tangibility	NOUN
ajfa-11193	334	2	findings	finding	NOUN
ajfa-11193	334	3	of	of	ADP
ajfa-11193	334	4	both	both	CCONJ
ajfa-11193	334	5	the	the	DET
ajfa-11193	334	6	ols	ol	NOUN
ajfa-11193	334	7	and	and	CCONJ
ajfa-11193	334	8	the	the	DET
ajfa-11193	334	9	fe	fe	NOUN
ajfa-11193	334	10	models	model	NOUN
ajfa-11193	334	11	show	show	VERB
ajfa-11193	334	12	that	that	SCONJ
ajfa-11193	334	13	the	the	DET
ajfa-11193	334	14	variable	variable	NOUN
ajfa-11193	334	15	is	be	AUX
ajfa-11193	334	16	negatively	negatively	ADV
ajfa-11193	334	17	related	relate	VERB
ajfa-11193	334	18	to	to	ADP
ajfa-11193	334	19	the	the	DET
ajfa-11193	334	20	profitability	profitability	NOUN
ajfa-11193	334	21	of	of	ADP
ajfa-11193	334	22	large	large	ADJ
ajfa-11193	334	23	indonesian	indonesian	ADJ
ajfa-11193	334	24	real	real	ADJ
ajfa-11193	334	25	estate	estate	NOUN
ajfa-11193	334	26	companies	company	NOUN
ajfa-11193	334	27	,	,	PUNCT
ajfa-11193	334	28	which	which	PRON
ajfa-11193	334	29	means	mean	VERB
ajfa-11193	334	30	that	that	SCONJ
ajfa-11193	334	31	high	high	ADJ
ajfa-11193	334	32	tangible	tangible	ADJ
ajfa-11193	334	33	assets	asset	NOUN
ajfa-11193	334	34	lead	lead	VERB
ajfa-11193	334	35	to	to	ADP
ajfa-11193	334	36	declining	decline	VERB
ajfa-11193	334	37	profitability	profitability	NOUN
ajfa-11193	334	38	.	.	PUNCT
ajfa-11193	335	1	this	this	PRON
ajfa-11193	335	2	conforms	conform	VERB
ajfa-11193	335	3	to	to	ADP
ajfa-11193	335	4	the	the	DET
ajfa-11193	335	5	alternative	alternative	ADJ
ajfa-11193	335	6	hypothesis	hypothesis	NOUN
ajfa-11193	335	7	of	of	ADP
ajfa-11193	335	8	the	the	DET
ajfa-11193	335	9	study	study	NOUN
ajfa-11193	335	10	,	,	PUNCT
ajfa-11193	335	11	and	and	CCONJ
ajfa-11193	335	12	the	the	DET
ajfa-11193	335	13	previous	previous	ADJ
ajfa-11193	335	14	paper	paper	NOUN
ajfa-11193	335	15	of	of	ADP
ajfa-11193	335	16	hammes	hamme	NOUN
ajfa-11193	335	17	and	and	CCONJ
ajfa-11193	335	18	chen	chen	PROPN
ajfa-11193	335	19	(	(	PUNCT
ajfa-11193	335	20	2004	2004	NUM
ajfa-11193	335	21	)	)	PUNCT
ajfa-11193	335	22	.	.	PUNCT
ajfa-11193	336	1	the	the	DET
ajfa-11193	336	2	study	study	NOUN
ajfa-11193	336	3	explained	explain	VERB
ajfa-11193	336	4	that	that	SCONJ
ajfa-11193	336	5	profitability	profitability	NOUN
ajfa-11193	336	6	decreases	decrease	VERB
ajfa-11193	336	7	when	when	SCONJ
ajfa-11193	336	8	a	a	DET
ajfa-11193	336	9	company	company	NOUN
ajfa-11193	336	10	puts	put	VERB
ajfa-11193	336	11	too	too	ADV
ajfa-11193	336	12	much	much	ADJ
ajfa-11193	336	13	investment	investment	NOUN
ajfa-11193	336	14	in	in	ADP
ajfa-11193	336	15	fixed	fix	VERB
ajfa-11193	336	16	asset	asset	NOUN
ajfa-11193	336	17	,	,	PUNCT
ajfa-11193	336	18	because	because	SCONJ
ajfa-11193	336	19	of	of	ADP
ajfa-11193	336	20	the	the	DET
ajfa-11193	336	21	higher	high	ADJ
ajfa-11193	336	22	maintenance	maintenance	NOUN
ajfa-11193	336	23	cost	cost	NOUN
ajfa-11193	336	24	that	that	PRON
ajfa-11193	336	25	reduces	reduce	VERB
ajfa-11193	336	26	profitability	profitability	NOUN
ajfa-11193	336	27	.	.	PUNCT
ajfa-11193	337	1	therefore	therefore	ADV
ajfa-11193	337	2	,	,	PUNCT
ajfa-11193	337	3	this	this	DET
ajfa-11193	337	4	study	study	NOUN
ajfa-11193	337	5	suggests	suggest	VERB
ajfa-11193	337	6	that	that	SCONJ
ajfa-11193	337	7	large	large	ADJ
ajfa-11193	337	8	indonesian	indonesian	ADJ
ajfa-11193	337	9	real	real	ADJ
ajfa-11193	337	10	estate	estate	NOUN
ajfa-11193	337	11	companies	company	NOUN
ajfa-11193	337	12	should	should	AUX
ajfa-11193	337	13	minimize	minimize	VERB
ajfa-11193	337	14	the	the	DET
ajfa-11193	337	15	acquisition	acquisition	NOUN
ajfa-11193	337	16	unproductive	unproductive	ADJ
ajfa-11193	337	17	property	property	NOUN
ajfa-11193	337	18	,	,	PUNCT
ajfa-11193	337	19	plant	plant	NOUN
ajfa-11193	337	20	and	and	CCONJ
ajfa-11193	337	21	equipment	equipment	NOUN
ajfa-11193	337	22	,	,	PUNCT
ajfa-11193	337	23	because	because	SCONJ
ajfa-11193	337	24	these	these	PRON
ajfa-11193	337	25	lead	lead	VERB
ajfa-11193	337	26	to	to	ADP
ajfa-11193	337	27	more	more	ADJ
ajfa-11193	337	28	costs	cost	NOUN
ajfa-11193	337	29	instead	instead	ADV
ajfa-11193	337	30	of	of	ADP
ajfa-11193	337	31	revenues	revenue	NOUN
ajfa-11193	337	32	in	in	ADP
ajfa-11193	337	33	the	the	DET
ajfa-11193	337	34	future	future	NOUN
ajfa-11193	337	35	.	.	PUNCT
ajfa-11193	338	1	the	the	DET
ajfa-11193	338	2	fe	fe	PROPN
ajfa-11193	338	3	model	model	NOUN
ajfa-11193	338	4	alone	alone	ADV
ajfa-11193	338	5	finds	find	VERB
ajfa-11193	338	6	current	current	ADJ
ajfa-11193	338	7	ratio	ratio	NOUN
ajfa-11193	338	8	to	to	PART
ajfa-11193	338	9	be	be	AUX
ajfa-11193	338	10	positively	positively	ADV
ajfa-11193	338	11	related	relate	VERB
ajfa-11193	338	12	with	with	ADP
ajfa-11193	338	13	the	the	DET
ajfa-11193	338	14	roa	roa	NOUN
ajfa-11193	338	15	,	,	PUNCT
ajfa-11193	338	16	which	which	PRON
ajfa-11193	338	17	means	mean	VERB
ajfa-11193	338	18	that	that	SCONJ
ajfa-11193	338	19	the	the	DET
ajfa-11193	338	20	more	more	ADV
ajfa-11193	338	21	liquid	liquid	ADJ
ajfa-11193	338	22	the	the	DET
ajfa-11193	338	23	company	company	NOUN
ajfa-11193	338	24	is	be	AUX
ajfa-11193	338	25	,	,	PUNCT
ajfa-11193	338	26	the	the	DET
ajfa-11193	338	27	higher	high	ADJ
ajfa-11193	338	28	profit	profit	NOUN
ajfa-11193	338	29	the	the	DET
ajfa-11193	338	30	company	company	NOUN
ajfa-11193	338	31	can	can	AUX
ajfa-11193	338	32	create	create	VERB
ajfa-11193	338	33	.	.	PUNCT
ajfa-11193	339	1	this	this	PRON
ajfa-11193	339	2	is	be	AUX
ajfa-11193	339	3	not	not	PART
ajfa-11193	339	4	consistent	consistent	ADJ
ajfa-11193	339	5	with	with	ADP
ajfa-11193	339	6	the	the	DET
ajfa-11193	339	7	ols	ol	NOUN
ajfa-11193	339	8	model	model	NOUN
ajfa-11193	339	9	findings	finding	NOUN
ajfa-11193	339	10	for	for	ADP
ajfa-11193	339	11	all	all	DET
ajfa-11193	339	12	real	real	ADJ
ajfa-11193	339	13	estate	estate	NOUN
ajfa-11193	339	14	group	group	NOUN
ajfa-11193	339	15	,	,	PUNCT
ajfa-11193	339	16	but	but	CCONJ
ajfa-11193	339	17	corresponds	correspond	VERB
ajfa-11193	339	18	to	to	ADP
ajfa-11193	339	19	the	the	DET
ajfa-11193	339	20	alternative	alternative	ADJ
ajfa-11193	339	21	hypothesis	hypothesis	NOUN
ajfa-11193	339	22	of	of	ADP
ajfa-11193	339	23	the	the	DET
ajfa-11193	339	24	study	study	NOUN
ajfa-11193	339	25	and	and	CCONJ
ajfa-11193	339	26	to	to	ADP
ajfa-11193	339	27	the	the	DET
ajfa-11193	339	28	paper	paper	NOUN
ajfa-11193	339	29	of	of	ADP
ajfa-11193	339	30	enqvist	enqvist	NOUN
ajfa-11193	339	31	et	et	PROPN
ajfa-11193	339	32	al	al	PROPN
ajfa-11193	339	33	.	.	PROPN
ajfa-11193	340	1	(	(	PUNCT
ajfa-11193	340	2	2014	2014	NUM
ajfa-11193	340	3	)	)	PUNCT
ajfa-11193	340	4	.	.	PUNCT
ajfa-11193	341	1	the	the	DET
ajfa-11193	341	2	research	research	NOUN
ajfa-11193	341	3	explained	explain	VERB
ajfa-11193	341	4	that	that	SCONJ
ajfa-11193	341	5	the	the	DET
ajfa-11193	341	6	larger	large	ADJ
ajfa-11193	341	7	the	the	DET
ajfa-11193	341	8	ratio	ratio	NOUN
ajfa-11193	341	9	means	mean	VERB
ajfa-11193	341	10	the	the	PRON
ajfa-11193	341	11	more	more	ADV
ajfa-11193	341	12	capable	capable	ADJ
ajfa-11193	341	13	the	the	DET
ajfa-11193	341	14	company	company	NOUN
ajfa-11193	341	15	is	be	AUX
ajfa-11193	341	16	liquid	liquid	ADJ
ajfa-11193	341	17	and	and	CCONJ
ajfa-11193	341	18	can	can	AUX
ajfa-11193	341	19	cover	cover	VERB
ajfa-11193	341	20	current	current	ADJ
ajfa-11193	341	21	liabilities	liability	NOUN
ajfa-11193	341	22	,	,	PUNCT
ajfa-11193	341	23	which	which	PRON
ajfa-11193	341	24	is	be	AUX
ajfa-11193	341	25	necessary	necessary	ADJ
ajfa-11193	341	26	for	for	ADP
ajfa-11193	341	27	the	the	DET
ajfa-11193	341	28	smoother	smooth	ADJ
ajfa-11193	341	29	running	running	NOUN
ajfa-11193	341	30	of	of	ADP
ajfa-11193	341	31	daily	daily	ADJ
ajfa-11193	341	32	operations	operation	NOUN
ajfa-11193	341	33	without	without	ADP
ajfa-11193	341	34	pressure	pressure	NOUN
ajfa-11193	341	35	from	from	ADP
ajfa-11193	341	36	lenders	lender	NOUN
ajfa-11193	341	37	.	.	PUNCT
ajfa-11193	342	1	higher	high	ADJ
ajfa-11193	342	2	current	current	ADJ
ajfa-11193	342	3	assets	asset	NOUN
ajfa-11193	342	4	will	will	AUX
ajfa-11193	342	5	benefit	benefit	VERB
ajfa-11193	342	6	the	the	DET
ajfa-11193	342	7	company	company	NOUN
ajfa-11193	342	8	in	in	ADP
ajfa-11193	342	9	being	be	AUX
ajfa-11193	342	10	more	more	ADV
ajfa-11193	342	11	flexible	flexible	ADJ
ajfa-11193	342	12	and	and	CCONJ
ajfa-11193	342	13	in	in	ADP
ajfa-11193	342	14	getting	get	VERB
ajfa-11193	342	15	more	more	ADJ
ajfa-11193	342	16	investments	investment	NOUN
ajfa-11193	342	17	in	in	ADP
ajfa-11193	342	18	the	the	DET
ajfa-11193	342	19	future	future	NOUN
ajfa-11193	342	20	,	,	PUNCT
ajfa-11193	342	21	which	which	PRON
ajfa-11193	342	22	increases	increase	VERB
ajfa-11193	342	23	the	the	DET
ajfa-11193	342	24	profitability	profitability	NOUN
ajfa-11193	342	25	.	.	PUNCT
ajfa-11193	343	1	it	it	PRON
ajfa-11193	343	2	is	be	AUX
ajfa-11193	343	3	suggested	suggest	VERB
ajfa-11193	343	4	that	that	SCONJ
ajfa-11193	343	5	large	large	ADJ
ajfa-11193	343	6	indonesian	indonesian	ADJ
ajfa-11193	343	7	real	real	ADJ
ajfa-11193	343	8	estate	estate	NOUN
ajfa-11193	343	9	companies	company	NOUN
ajfa-11193	343	10	maintain	maintain	VERB
ajfa-11193	343	11	a	a	DET
ajfa-11193	343	12	higher	high	ADJ
ajfa-11193	343	13	ratio	ratio	NOUN
ajfa-11193	343	14	by	by	ADP
ajfa-11193	343	15	keeping	keep	VERB
ajfa-11193	343	16	current	current	ADJ
ajfa-11193	343	17	assets	asset	NOUN
ajfa-11193	343	18	revolving	revolve	VERB
ajfa-11193	343	19	,	,	PUNCT
ajfa-11193	343	20	particularly	particularly	ADV
ajfa-11193	343	21	account	account	NOUN
ajfa-11193	343	22	receivables	receivables	NOUN
ajfa-11193	343	23	and	and	CCONJ
ajfa-11193	343	24	inventories	inventory	NOUN
ajfa-11193	343	25	and	and	CCONJ
ajfa-11193	343	26	paying	pay	VERB
ajfa-11193	343	27	off	off	ADP
ajfa-11193	343	28	liabilities	liability	NOUN
ajfa-11193	343	29	,	,	PUNCT
ajfa-11193	343	30	especially	especially	ADV
ajfa-11193	343	31	those	those	PRON
ajfa-11193	343	32	with	with	ADP
ajfa-11193	343	33	higher	high	ADJ
ajfa-11193	343	34	interest	interest	NOUN
ajfa-11193	343	35	rates	rate	NOUN
ajfa-11193	343	36	whenever	whenever	SCONJ
ajfa-11193	343	37	necessary	necessary	ADJ
ajfa-11193	343	38	.	.	PUNCT
ajfa-11193	344	1	debt	debt	NOUN
ajfa-11193	344	2	ratio	ratio	NOUN
ajfa-11193	344	3	has	have	VERB
ajfa-11193	344	4	a	a	DET
ajfa-11193	344	5	negative	negative	ADJ
ajfa-11193	344	6	significant	significant	ADJ
ajfa-11193	344	7	relationship	relationship	NOUN
ajfa-11193	344	8	with	with	ADP
ajfa-11193	344	9	profitability	profitability	NOUN
ajfa-11193	344	10	based	base	VERB
ajfa-11193	344	11	on	on	ADP
ajfa-11193	344	12	the	the	DET
ajfa-11193	344	13	results	result	NOUN
ajfa-11193	344	14	of	of	ADP
ajfa-11193	344	15	the	the	DET
ajfa-11193	344	16	fe	fe	PROPN
ajfa-11193	344	17	model	model	NOUN
ajfa-11193	344	18	.	.	PUNCT
ajfa-11193	345	1	this	this	DET
ajfa-11193	345	2	finding	finding	NOUN
ajfa-11193	345	3	supports	support	VERB
ajfa-11193	345	4	the	the	DET
ajfa-11193	345	5	alternative	alternative	ADJ
ajfa-11193	345	6	hypothesis	hypothesis	NOUN
ajfa-11193	345	7	and	and	CCONJ
ajfa-11193	345	8	the	the	DET
ajfa-11193	345	9	conclusions	conclusion	NOUN
ajfa-11193	345	10	of	of	ADP
ajfa-11193	345	11	deloof	deloof	ADJ
ajfa-11193	345	12	asian	asian	ADJ
ajfa-11193	345	13	journal	journal	PROPN
ajfa-11193	345	14	of	of	ADP
ajfa-11193	345	15	finance	finance	PROPN
ajfa-11193	345	16	&	&	CCONJ
ajfa-11193	345	17	accounting	accounting	PROPN
ajfa-11193	345	18	issn	issn	PROPN
ajfa-11193	345	19	1946	1946	NUM
ajfa-11193	345	20	-	-	PUNCT
ajfa-11193	345	21	052x	052x	PROPN
ajfa-11193	345	22	2017	2017	NUM
ajfa-11193	345	23	,	,	PUNCT
ajfa-11193	345	24	vol	vol	NOUN
ajfa-11193	345	25	.	.	NOUN
ajfa-11193	346	1	9	9	NUM
ajfa-11193	346	2	,	,	PUNCT
ajfa-11193	346	3	no	no	INTJ
ajfa-11193	346	4	.	.	NOUN
ajfa-11193	346	5	1	1	NUM
ajfa-11193	346	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	346	7	417	417	NUM
ajfa-11193	346	8	(	(	PUNCT
ajfa-11193	346	9	2003	2003	NUM
ajfa-11193	346	10	)	)	PUNCT
ajfa-11193	346	11	,	,	PUNCT
ajfa-11193	346	12	kebewar	kebewar	PROPN
ajfa-11193	346	13	(	(	PUNCT
ajfa-11193	346	14	2013	2013	NUM
ajfa-11193	346	15	)	)	PUNCT
ajfa-11193	346	16	,	,	PUNCT
ajfa-11193	346	17	and	and	CCONJ
ajfa-11193	346	18	enqvist	enqvist	NOUN
ajfa-11193	346	19	et	et	PROPN
ajfa-11193	346	20	al	al	PROPN
ajfa-11193	346	21	.	.	PROPN
ajfa-11193	347	1	(	(	PUNCT
ajfa-11193	347	2	2014	2014	NUM
ajfa-11193	347	3	)	)	PUNCT
ajfa-11193	347	4	.	.	PUNCT
ajfa-11193	348	1	it	it	PRON
ajfa-11193	348	2	is	be	AUX
ajfa-11193	348	3	explained	explain	VERB
ajfa-11193	348	4	that	that	SCONJ
ajfa-11193	348	5	high	high	ADJ
ajfa-11193	348	6	debt	debt	NOUN
ajfa-11193	348	7	ratio	ratio	NOUN
ajfa-11193	348	8	decreases	decrease	VERB
ajfa-11193	348	9	profitability	profitability	NOUN
ajfa-11193	348	10	,	,	PUNCT
ajfa-11193	348	11	because	because	SCONJ
ajfa-11193	348	12	of	of	ADP
ajfa-11193	348	13	the	the	DET
ajfa-11193	348	14	high	high	ADJ
ajfa-11193	348	15	cost	cost	NOUN
ajfa-11193	348	16	of	of	ADP
ajfa-11193	348	17	capital	capital	NOUN
ajfa-11193	348	18	and	and	CCONJ
ajfa-11193	348	19	the	the	DET
ajfa-11193	348	20	restrictions	restriction	NOUN
ajfa-11193	348	21	being	be	AUX
ajfa-11193	348	22	set	set	VERB
ajfa-11193	348	23	by	by	ADP
ajfa-11193	348	24	lending	lend	VERB
ajfa-11193	348	25	institutions	institution	NOUN
ajfa-11193	348	26	with	with	ADP
ajfa-11193	348	27	regards	regard	NOUN
ajfa-11193	348	28	to	to	ADP
ajfa-11193	348	29	the	the	DET
ajfa-11193	348	30	use	use	NOUN
ajfa-11193	348	31	of	of	ADP
ajfa-11193	348	32	money	money	NOUN
ajfa-11193	348	33	.	.	PUNCT
ajfa-11193	349	1	the	the	DET
ajfa-11193	349	2	study	study	NOUN
ajfa-11193	349	3	advises	advise	VERB
ajfa-11193	349	4	that	that	SCONJ
ajfa-11193	349	5	large	large	ADJ
ajfa-11193	349	6	real	real	ADJ
ajfa-11193	349	7	estate	estate	NOUN
ajfa-11193	349	8	companies	company	NOUN
ajfa-11193	349	9	can	can	AUX
ajfa-11193	349	10	restructure	restructure	VERB
ajfa-11193	349	11	their	their	PRON
ajfa-11193	349	12	debts	debt	NOUN
ajfa-11193	349	13	by	by	ADP
ajfa-11193	349	14	replacing	replace	VERB
ajfa-11193	349	15	existing	exist	VERB
ajfa-11193	349	16	loans	loan	NOUN
ajfa-11193	349	17	with	with	ADP
ajfa-11193	349	18	lower	low	ADJ
ajfa-11193	349	19	interest	interest	NOUN
ajfa-11193	349	20	rate	rate	NOUN
ajfa-11193	349	21	borrowings	borrowing	NOUN
ajfa-11193	349	22	,	,	PUNCT
ajfa-11193	349	23	or	or	CCONJ
ajfa-11193	349	24	find	find	VERB
ajfa-11193	349	25	an	an	DET
ajfa-11193	349	26	investor	investor	NOUN
ajfa-11193	349	27	and	and	CCONJ
ajfa-11193	349	28	finance	finance	NOUN
ajfa-11193	349	29	operations	operation	NOUN
ajfa-11193	349	30	by	by	ADP
ajfa-11193	349	31	using	use	VERB
ajfa-11193	349	32	equity	equity	NOUN
ajfa-11193	349	33	.	.	PUNCT
ajfa-11193	350	1	in	in	ADP
ajfa-11193	350	2	comparing	compare	VERB
ajfa-11193	350	3	the	the	DET
ajfa-11193	350	4	findings	finding	NOUN
ajfa-11193	350	5	of	of	ADP
ajfa-11193	350	6	the	the	DET
ajfa-11193	350	7	ols	ol	NOUN
ajfa-11193	350	8	and	and	CCONJ
ajfa-11193	350	9	fe	fe	NOUN
ajfa-11193	350	10	models	model	NOUN
ajfa-11193	350	11	,	,	PUNCT
ajfa-11193	350	12	this	this	DET
ajfa-11193	350	13	study	study	NOUN
ajfa-11193	350	14	prefers	prefer	VERB
ajfa-11193	350	15	the	the	DET
ajfa-11193	350	16	results	result	NOUN
ajfa-11193	350	17	of	of	ADP
ajfa-11193	350	18	the	the	DET
ajfa-11193	350	19	fe	fe	PROPN
ajfa-11193	350	20	model	model	NOUN
ajfa-11193	350	21	as	as	ADP
ajfa-11193	350	22	the	the	DET
ajfa-11193	350	23	better	well	ADJ
ajfa-11193	350	24	fitting	fitting	ADJ
ajfa-11193	350	25	model	model	NOUN
ajfa-11193	350	26	for	for	ADP
ajfa-11193	350	27	large	large	ADJ
ajfa-11193	350	28	indonesian	indonesian	ADJ
ajfa-11193	350	29	real	real	ADJ
ajfa-11193	350	30	estate	estate	NOUN
ajfa-11193	350	31	companies	company	NOUN
ajfa-11193	350	32	group	group	NOUN
ajfa-11193	350	33	,	,	PUNCT
ajfa-11193	350	34	because	because	SCONJ
ajfa-11193	350	35	of	of	ADP
ajfa-11193	350	36	the	the	DET
ajfa-11193	350	37	higher	high	ADJ
ajfa-11193	350	38	log	log	NOUN
ajfa-11193	350	39	-	-	PUNCT
ajfa-11193	350	40	likelihood	likelihood	NOUN
ajfa-11193	350	41	value	value	NOUN
ajfa-11193	350	42	.	.	PUNCT
ajfa-11193	351	1	5.4	5.4	NUM
ajfa-11193	351	2	result	result	NOUN
ajfa-11193	351	3	of	of	ADP
ajfa-11193	351	4	medium	medium	ADJ
ajfa-11193	351	5	-	-	PUNCT
ajfa-11193	351	6	size	size	NOUN
ajfa-11193	351	7	market	market	NOUN
ajfa-11193	351	8	capitalization	capitalization	NOUN
ajfa-11193	351	9	companies	company	NOUN
ajfa-11193	351	10	table	table	VERB
ajfa-11193	351	11	8	8	NUM
ajfa-11193	351	12	illustrates	illustrate	VERB
ajfa-11193	351	13	the	the	DET
ajfa-11193	351	14	comparison	comparison	NOUN
ajfa-11193	351	15	of	of	ADP
ajfa-11193	351	16	findings	finding	NOUN
ajfa-11193	351	17	for	for	ADP
ajfa-11193	351	18	the	the	DET
ajfa-11193	351	19	ols	ols	PROPN
ajfa-11193	351	20	,	,	PUNCT
ajfa-11193	351	21	fe	fe	NOUN
ajfa-11193	351	22	,	,	PUNCT
ajfa-11193	351	23	and	and	CCONJ
ajfa-11193	351	24	re	re	NOUN
ajfa-11193	351	25	models	model	NOUN
ajfa-11193	351	26	in	in	ADP
ajfa-11193	351	27	determining	determine	VERB
ajfa-11193	351	28	the	the	DET
ajfa-11193	351	29	significant	significant	ADJ
ajfa-11193	351	30	variables	variable	NOUN
ajfa-11193	351	31	factors	factor	NOUN
ajfa-11193	351	32	that	that	PRON
ajfa-11193	351	33	affect	affect	VERB
ajfa-11193	351	34	the	the	DET
ajfa-11193	351	35	roa	roa	PROPN
ajfa-11193	351	36	medium	medium	ADJ
ajfa-11193	351	37	-	-	PUNCT
ajfa-11193	351	38	size	size	NOUN
ajfa-11193	351	39	indonesian	indonesian	ADJ
ajfa-11193	351	40	real	real	ADJ
ajfa-11193	351	41	estate	estate	NOUN
ajfa-11193	351	42	companies	company	NOUN
ajfa-11193	351	43	.	.	PUNCT
ajfa-11193	352	1	based	base	VERB
ajfa-11193	352	2	on	on	ADP
ajfa-11193	352	3	hausman	hausman	PROPN
ajfa-11193	352	4	test	test	NOUN
ajfa-11193	352	5	,	,	PUNCT
ajfa-11193	352	6	the	the	DET
ajfa-11193	352	7	p	p	NOUN
ajfa-11193	352	8	-	-	PUNCT
ajfa-11193	352	9	value	value	NOUN
ajfa-11193	352	10	is	be	AUX
ajfa-11193	352	11	again	again	ADV
ajfa-11193	352	12	smaller	small	ADJ
ajfa-11193	352	13	than	than	ADP
ajfa-11193	352	14	5	5	NUM
ajfa-11193	352	15	%	%	NOUN
ajfa-11193	352	16	,	,	PUNCT
ajfa-11193	352	17	which	which	PRON
ajfa-11193	352	18	indicates	indicate	VERB
ajfa-11193	352	19	that	that	SCONJ
ajfa-11193	352	20	the	the	DET
ajfa-11193	352	21	null	null	ADJ
ajfa-11193	352	22	hypothesis	hypothesis	NOUN
ajfa-11193	352	23	is	be	AUX
ajfa-11193	352	24	rejected	reject	VERB
ajfa-11193	352	25	,	,	PUNCT
ajfa-11193	352	26	and	and	CCONJ
ajfa-11193	352	27	the	the	DET
ajfa-11193	352	28	fe	fe	NOUN
ajfa-11193	352	29	model	model	NOUN
ajfa-11193	352	30	is	be	AUX
ajfa-11193	352	31	preferred	prefer	VERB
ajfa-11193	352	32	.	.	PUNCT
ajfa-11193	353	1	table	table	NOUN
ajfa-11193	353	2	8	8	NUM
ajfa-11193	353	3	.	.	PUNCT
ajfa-11193	354	1	multiple	multiple	ADJ
ajfa-11193	354	2	regression	regression	NOUN
ajfa-11193	354	3	result	result	NOUN
ajfa-11193	354	4	for	for	ADP
ajfa-11193	354	5	medium	medium	ADJ
ajfa-11193	354	6	indonesian	indonesian	ADJ
ajfa-11193	354	7	real	real	ADJ
ajfa-11193	354	8	estate	estate	NOUN
ajfa-11193	354	9	companies	company	NOUN
ajfa-11193	354	10	firm	firm	ADJ
ajfa-11193	354	11	-	-	PUNCT
ajfa-11193	354	12	specific	specific	ADJ
ajfa-11193	354	13	variables	variable	NOUN
ajfa-11193	354	14	ols	ols	X
ajfa-11193	354	15	fe	fe	X
ajfa-11193	354	16	re	re	X
ajfa-11193	354	17	ar	ar	PROPN
ajfa-11193	354	18	−0.000	−0.000	NOUN
ajfa-11193	354	19	(	(	PUNCT
ajfa-11193	354	20	0.286	0.286	NUM
ajfa-11193	354	21	)	)	PUNCT
ajfa-11193	354	22	−0.000	−0.000	NOUN
ajfa-11193	354	23	(	(	PUNCT
ajfa-11193	354	24	0.756	0.756	NUM
ajfa-11193	354	25	)	)	PUNCT
ajfa-11193	354	26	−0.000	−0.000	NOUN
ajfa-11193	354	27	(	(	PUNCT
ajfa-11193	354	28	0.270	0.270	NUM
ajfa-11193	354	29	)	)	PUNCT
ajfa-11193	354	30	in	in	ADP
ajfa-11193	354	31	−0.000	−0.000	NOUN
ajfa-11193	354	32	(	(	PUNCT
ajfa-11193	354	33	0.219	0.219	NUM
ajfa-11193	354	34	)	)	PUNCT
ajfa-11193	354	35	−0.000	−0.000	NOUN
ajfa-11193	354	36	(	(	PUNCT
ajfa-11193	354	37	0.334	0.334	NUM
ajfa-11193	354	38	)	)	PUNCT
ajfa-11193	354	39	−0.000	−0.000	NOUN
ajfa-11193	354	40	(	(	PUNCT
ajfa-11193	354	41	0.1321	0.1321	NUM
ajfa-11193	354	42	)	)	PUNCT
ajfa-11193	354	43	ap	ap	NOUN
ajfa-11193	355	1	−0.000	−0.000	NOUN
ajfa-11193	355	2	(	(	PUNCT
ajfa-11193	355	3	0.632	0.632	NUM
ajfa-11193	355	4	)	)	PUNCT
ajfa-11193	355	5	0.000	0.000	NUM
ajfa-11193	356	1	*	*	PUNCT
ajfa-11193	356	2	(	(	PUNCT
ajfa-11193	356	3	0.059	0.059	NUM
ajfa-11193	356	4	)	)	PUNCT
ajfa-11193	356	5	−0.000	−0.000	NOUN
ajfa-11193	356	6	(	(	PUNCT
ajfa-11193	356	7	0.979	0.979	NUM
ajfa-11193	356	8	)	)	PUNCT
ajfa-11193	356	9	size	size	NOUN
ajfa-11193	356	10	0.000	0.000	NUM
ajfa-11193	356	11	(	(	PUNCT
ajfa-11193	356	12	0.883	0.883	NUM
ajfa-11193	356	13	)	)	PUNCT
ajfa-11193	356	14	−0.000	−0.000	NOUN
ajfa-11193	356	15	(	(	PUNCT
ajfa-11193	356	16	0.929	0.929	NUM
ajfa-11193	356	17	)	)	PUNCT
ajfa-11193	356	18	0.000	0.000	NUM
ajfa-11193	356	19	(	(	PUNCT
ajfa-11193	356	20	0.938	0.938	NUM
ajfa-11193	356	21	)	)	PUNCT
ajfa-11193	356	22	cr	cr	ADP
ajfa-11193	356	23	0.000	0.000	NUM
ajfa-11193	356	24	(	(	PUNCT
ajfa-11193	356	25	0.810	0.810	NUM
ajfa-11193	356	26	)	)	PUNCT
ajfa-11193	356	27	−0.000	−0.000	NOUN
ajfa-11193	356	28	(	(	PUNCT
ajfa-11193	356	29	0.527	0.527	NUM
ajfa-11193	356	30	)	)	PUNCT
ajfa-11193	356	31	0.000	0.000	NUM
ajfa-11193	356	32	(	(	PUNCT
ajfa-11193	356	33	0.885	0.885	NUM
ajfa-11193	356	34	)	)	PUNCT
ajfa-11193	356	35	dr	dr	PROPN
ajfa-11193	356	36	−0.000	−0.000	NOUN
ajfa-11193	356	37	(	(	PUNCT
ajfa-11193	356	38	0.993	0.993	NUM
ajfa-11193	356	39	)	)	PUNCT
ajfa-11193	357	1	−0.022	−0.022	PROPN
ajfa-11193	357	2	(	(	PUNCT
ajfa-11193	357	3	0.688	0.688	NUM
ajfa-11193	357	4	)	)	PUNCT
ajfa-11193	357	5	−0.001	−0.001	NOUN
ajfa-11193	357	6	(	(	PUNCT
ajfa-11193	357	7	0.979	0.979	NUM
ajfa-11193	357	8	)	)	PUNCT
ajfa-11193	357	9	sg	sg	ADP
ajfa-11193	357	10	−0.003	−0.003	PROPN
ajfa-11193	357	11	(	(	PUNCT
ajfa-11193	357	12	0.411	0.411	NUM
ajfa-11193	357	13	)	)	PUNCT
ajfa-11193	357	14	0.002	0.002	NUM
ajfa-11193	357	15	(	(	PUNCT
ajfa-11193	357	16	0.620	0.620	NUM
ajfa-11193	357	17	)	)	PUNCT
ajfa-11193	357	18	−0.003	−0.003	NOUN
ajfa-11193	357	19	(	(	PUNCT
ajfa-11193	357	20	0.466	0.466	NUM
ajfa-11193	357	21	)	)	PUNCT
ajfa-11193	357	22	tang	tang	NOUN
ajfa-11193	358	1	0.097	0.097	NUM
ajfa-11193	358	2	*	*	PUNCT
ajfa-11193	359	1	*	*	PUNCT
ajfa-11193	359	2	*	*	PUNCT
ajfa-11193	359	3	(	(	PUNCT
ajfa-11193	359	4	0.002	0.002	NUM
ajfa-11193	359	5	)	)	PUNCT
ajfa-11193	359	6	0.019	0.019	NUM
ajfa-11193	359	7	(	(	PUNCT
ajfa-11193	359	8	0.738	0.738	NUM
ajfa-11193	359	9	)	)	PUNCT
ajfa-11193	359	10	0.094	0.094	NUM
ajfa-11193	359	11	*	*	PUNCT
ajfa-11193	359	12	*	*	PUNCT
ajfa-11193	359	13	*	*	PUNCT
ajfa-11193	359	14	(	(	PUNCT
ajfa-11193	359	15	0.004	0.004	NUM
ajfa-11193	359	16	)	)	PUNCT
ajfa-11193	359	17	constant	constant	ADJ
ajfa-11193	359	18	0.024	0.024	NUM
ajfa-11193	359	19	(	(	PUNCT
ajfa-11193	359	20	0.800	0.800	NUM
ajfa-11193	359	21	)	)	PUNCT
ajfa-11193	359	22	0.050	0.050	NUM
ajfa-11193	359	23	(	(	PUNCT
ajfa-11193	359	24	0.638	0.638	NUM
ajfa-11193	359	25	)	)	PUNCT
ajfa-11193	359	26	0.030	0.030	NUM
ajfa-11193	359	27	(	(	PUNCT
ajfa-11193	359	28	0.755	0.755	NUM
ajfa-11193	359	29	)	)	PUNCT
ajfa-11193	359	30	r	r	NOUN
ajfa-11193	359	31	-	-	PUNCT
ajfa-11193	359	32	squared	square	VERB
ajfa-11193	359	33	0.342	0.342	NUM
ajfa-11193	359	34	0.112	0.112	NUM
ajfa-11193	359	35	log	log	NOUN
ajfa-11193	359	36	-	-	PUNCT
ajfa-11193	359	37	likelihood	likelihood	NOUN
ajfa-11193	359	38	101.609	101.609	NUM
ajfa-11193	359	39	127.324	127.324	NUM
ajfa-11193	359	40	101.439	101.439	NUM
ajfa-11193	359	41	hausman	hausman	ADJ
ajfa-11193	359	42	test	test	NOUN
ajfa-11193	359	43	(	(	PUNCT
ajfa-11193	359	44	p	p	NOUN
ajfa-11193	359	45	-	-	PUNCT
ajfa-11193	359	46	value	value	NOUN
ajfa-11193	359	47	)	)	PUNCT
ajfa-11193	359	48	63.303	63.303	NUM
ajfa-11193	359	49	*	*	PUNCT
ajfa-11193	359	50	*	*	PUNCT
ajfa-11193	359	51	*	*	PUNCT
ajfa-11193	359	52	(	(	PUNCT
ajfa-11193	359	53	0.000	0.000	NUM
ajfa-11193	359	54	)	)	PUNCT
ajfa-11193	359	55	note	note	NOUN
ajfa-11193	359	56	:	:	PUNCT
ajfa-11193	359	57	*	*	PUNCT
ajfa-11193	359	58	,	,	PUNCT
ajfa-11193	359	59	*	*	PUNCT
ajfa-11193	359	60	*	*	PUNCT
ajfa-11193	359	61	and	and	CCONJ
ajfa-11193	359	62	*	*	PUNCT
ajfa-11193	359	63	*	*	PUNCT
ajfa-11193	359	64	*	*	NOUN
ajfa-11193	359	65	are	be	AUX
ajfa-11193	359	66	significance	significance	NOUN
ajfa-11193	359	67	at	at	ADP
ajfa-11193	359	68	the	the	DET
ajfa-11193	359	69	10	10	NUM
ajfa-11193	359	70	,	,	PUNCT
ajfa-11193	359	71	5	5	NUM
ajfa-11193	359	72	and	and	CCONJ
ajfa-11193	359	73	1	1	NUM
ajfa-11193	359	74	%	%	NOUN
ajfa-11193	359	75	levels	level	NOUN
ajfa-11193	359	76	,	,	PUNCT
ajfa-11193	359	77	respectively	respectively	ADV
ajfa-11193	359	78	;	;	PUNCT
ajfa-11193	359	79	p	p	X
ajfa-11193	359	80	-	-	PUNCT
ajfa-11193	359	81	values	value	NOUN
ajfa-11193	359	82	are	be	AUX
ajfa-11193	359	83	in	in	ADP
ajfa-11193	359	84	parentheses	parenthesis	NOUN
ajfa-11193	359	85	asian	asian	ADJ
ajfa-11193	359	86	journal	journal	NOUN
ajfa-11193	359	87	of	of	ADP
ajfa-11193	359	88	finance	finance	PROPN
ajfa-11193	359	89	&	&	CCONJ
ajfa-11193	359	90	accounting	accounting	PROPN
ajfa-11193	359	91	issn	issn	PROPN
ajfa-11193	359	92	1946	1946	NUM
ajfa-11193	359	93	-	-	PUNCT
ajfa-11193	359	94	052x	052x	PROPN
ajfa-11193	359	95	2017	2017	NUM
ajfa-11193	359	96	,	,	PUNCT
ajfa-11193	359	97	vol	vol	NOUN
ajfa-11193	359	98	.	.	NOUN
ajfa-11193	360	1	9	9	NUM
ajfa-11193	360	2	,	,	PUNCT
ajfa-11193	360	3	no	no	INTJ
ajfa-11193	360	4	.	.	NOUN
ajfa-11193	360	5	1	1	NUM
ajfa-11193	360	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	360	7	418	418	NUM
ajfa-11193	360	8	based	base	VERB
ajfa-11193	360	9	on	on	ADP
ajfa-11193	360	10	the	the	DET
ajfa-11193	360	11	ols	ol	NOUN
ajfa-11193	360	12	model	model	NOUN
ajfa-11193	361	1	,	,	PUNCT
ajfa-11193	361	2	tangibility	tangibility	NOUN
ajfa-11193	361	3	is	be	AUX
ajfa-11193	361	4	the	the	DET
ajfa-11193	361	5	only	only	ADJ
ajfa-11193	361	6	significant	significant	ADJ
ajfa-11193	361	7	variable	variable	NOUN
ajfa-11193	361	8	that	that	PRON
ajfa-11193	361	9	affects	affect	VERB
ajfa-11193	361	10	profitability	profitability	NOUN
ajfa-11193	361	11	for	for	ADP
ajfa-11193	361	12	medium	medium	ADJ
ajfa-11193	361	13	-	-	PUNCT
ajfa-11193	361	14	scale	scale	NOUN
ajfa-11193	361	15	indonesian	indonesian	ADJ
ajfa-11193	361	16	real	real	ADJ
ajfa-11193	361	17	estate	estate	NOUN
ajfa-11193	361	18	companies	company	NOUN
ajfa-11193	361	19	.	.	PUNCT
ajfa-11193	362	1	tangibility	tangibility	NOUN
ajfa-11193	362	2	has	have	VERB
ajfa-11193	362	3	positive	positive	ADJ
ajfa-11193	362	4	significant	significant	ADJ
ajfa-11193	362	5	relationship	relationship	NOUN
ajfa-11193	362	6	with	with	ADP
ajfa-11193	362	7	roa	roa	PROPN
ajfa-11193	362	8	,	,	PUNCT
ajfa-11193	362	9	which	which	PRON
ajfa-11193	362	10	is	be	AUX
ajfa-11193	362	11	not	not	PART
ajfa-11193	362	12	consistent	consistent	ADJ
ajfa-11193	362	13	with	with	ADP
ajfa-11193	362	14	the	the	DET
ajfa-11193	362	15	findings	finding	NOUN
ajfa-11193	362	16	for	for	ADP
ajfa-11193	362	17	large	large	ADJ
ajfa-11193	362	18	indonesian	indonesian	ADJ
ajfa-11193	362	19	real	real	ADJ
ajfa-11193	362	20	estate	estate	NOUN
ajfa-11193	362	21	companies	company	NOUN
ajfa-11193	362	22	.	.	PUNCT
ajfa-11193	363	1	this	this	PRON
ajfa-11193	363	2	means	mean	VERB
ajfa-11193	363	3	that	that	SCONJ
ajfa-11193	363	4	higher	high	ADJ
ajfa-11193	363	5	tangible	tangible	ADJ
ajfa-11193	363	6	assets	asset	NOUN
ajfa-11193	363	7	can	can	AUX
ajfa-11193	363	8	result	result	VERB
ajfa-11193	363	9	in	in	ADP
ajfa-11193	363	10	higher	high	ADJ
ajfa-11193	363	11	profitability	profitability	NOUN
ajfa-11193	363	12	,	,	PUNCT
ajfa-11193	363	13	which	which	PRON
ajfa-11193	363	14	is	be	AUX
ajfa-11193	363	15	not	not	PART
ajfa-11193	363	16	actually	actually	ADV
ajfa-11193	363	17	consistent	consistent	ADJ
ajfa-11193	363	18	with	with	ADP
ajfa-11193	363	19	the	the	DET
ajfa-11193	363	20	initial	initial	ADJ
ajfa-11193	363	21	findings	finding	NOUN
ajfa-11193	363	22	of	of	ADP
ajfa-11193	363	23	kebewar	kebewar	PROPN
ajfa-11193	363	24	(	(	PUNCT
ajfa-11193	363	25	2013	2013	NUM
ajfa-11193	363	26	)	)	PUNCT
ajfa-11193	363	27	,	,	PUNCT
ajfa-11193	363	28	and	and	CCONJ
ajfa-11193	363	29	with	with	ADP
ajfa-11193	363	30	the	the	DET
ajfa-11193	363	31	alternative	alternative	ADJ
ajfa-11193	363	32	hypothesis	hypothesis	NOUN
ajfa-11193	363	33	of	of	ADP
ajfa-11193	363	34	this	this	DET
ajfa-11193	363	35	study	study	NOUN
ajfa-11193	363	36	.	.	PUNCT
ajfa-11193	364	1	a	a	DET
ajfa-11193	364	2	plausible	plausible	ADJ
ajfa-11193	364	3	reason	reason	NOUN
ajfa-11193	364	4	is	be	AUX
ajfa-11193	364	5	that	that	SCONJ
ajfa-11193	364	6	tangible	tangible	ADJ
ajfa-11193	364	7	asset	asset	NOUN
ajfa-11193	364	8	benefits	benefit	VERB
ajfa-11193	364	9	the	the	DET
ajfa-11193	364	10	company	company	NOUN
ajfa-11193	364	11	as	as	ADP
ajfa-11193	364	12	collateral	collateral	NOUN
ajfa-11193	364	13	of	of	ADP
ajfa-11193	364	14	bank	bank	NOUN
ajfa-11193	364	15	loan	loan	NOUN
ajfa-11193	364	16	which	which	PRON
ajfa-11193	364	17	can	can	AUX
ajfa-11193	364	18	help	help	VERB
ajfa-11193	364	19	the	the	DET
ajfa-11193	364	20	company	company	NOUN
ajfa-11193	364	21	borrow	borrow	VERB
ajfa-11193	364	22	funds	fund	NOUN
ajfa-11193	364	23	to	to	PART
ajfa-11193	364	24	expand	expand	VERB
ajfa-11193	364	25	and	and	CCONJ
ajfa-11193	364	26	create	create	VERB
ajfa-11193	364	27	more	more	ADJ
ajfa-11193	364	28	profits	profit	NOUN
ajfa-11193	364	29	based	base	VERB
ajfa-11193	364	30	on	on	ADP
ajfa-11193	364	31	hammes	hamme	NOUN
ajfa-11193	364	32	and	and	CCONJ
ajfa-11193	364	33	chen	chen	PROPN
ajfa-11193	364	34	(	(	PUNCT
ajfa-11193	364	35	2004	2004	NUM
ajfa-11193	364	36	)	)	PUNCT
ajfa-11193	364	37	.	.	PUNCT
ajfa-11193	365	1	thus	thus	ADV
ajfa-11193	365	2	,	,	PUNCT
ajfa-11193	365	3	this	this	DET
ajfa-11193	365	4	study	study	NOUN
ajfa-11193	365	5	encourages	encourage	VERB
ajfa-11193	365	6	medium	medium	ADJ
ajfa-11193	365	7	-	-	PUNCT
ajfa-11193	365	8	size	size	NOUN
ajfa-11193	365	9	companies	company	NOUN
ajfa-11193	365	10	to	to	PART
ajfa-11193	365	11	raise	raise	VERB
ajfa-11193	365	12	their	their	PRON
ajfa-11193	365	13	fixed	fix	VERB
ajfa-11193	365	14	asset	asset	NOUN
ajfa-11193	365	15	,	,	PUNCT
ajfa-11193	365	16	such	such	ADJ
ajfa-11193	365	17	as	as	ADP
ajfa-11193	365	18	purchasing	purchase	VERB
ajfa-11193	365	19	more	more	ADJ
ajfa-11193	365	20	equipment	equipment	NOUN
ajfa-11193	365	21	or	or	CCONJ
ajfa-11193	365	22	building	building	NOUN
ajfa-11193	365	23	for	for	ADP
ajfa-11193	365	24	office	office	NOUN
ajfa-11193	365	25	,	,	PUNCT
ajfa-11193	365	26	as	as	ADP
ajfa-11193	365	27	a	a	DET
ajfa-11193	365	28	support	support	NOUN
ajfa-11193	365	29	for	for	ADP
ajfa-11193	365	30	getting	get	VERB
ajfa-11193	365	31	more	more	ADJ
ajfa-11193	365	32	cash	cash	NOUN
ajfa-11193	365	33	in	in	ADP
ajfa-11193	365	34	the	the	DET
ajfa-11193	365	35	form	form	NOUN
ajfa-11193	365	36	of	of	ADP
ajfa-11193	365	37	bank	bank	NOUN
ajfa-11193	365	38	loans	loan	NOUN
ajfa-11193	365	39	.	.	PUNCT
ajfa-11193	366	1	on	on	ADP
ajfa-11193	366	2	the	the	DET
ajfa-11193	366	3	other	other	ADJ
ajfa-11193	366	4	hand	hand	NOUN
ajfa-11193	366	5	,	,	PUNCT
ajfa-11193	366	6	based	base	VERB
ajfa-11193	366	7	on	on	ADP
ajfa-11193	366	8	the	the	DET
ajfa-11193	366	9	fe	fe	PROPN
ajfa-11193	366	10	model	model	NOUN
ajfa-11193	366	11	,	,	PUNCT
ajfa-11193	366	12	the	the	DET
ajfa-11193	366	13	number	number	NOUN
ajfa-11193	366	14	of	of	ADP
ajfa-11193	366	15	days	day	NOUN
ajfa-11193	366	16	account	account	NOUN
ajfa-11193	366	17	payable	payable	ADJ
ajfa-11193	366	18	is	be	AUX
ajfa-11193	366	19	also	also	ADV
ajfa-11193	366	20	the	the	DET
ajfa-11193	366	21	only	only	ADJ
ajfa-11193	366	22	significant	significant	ADJ
ajfa-11193	366	23	variable	variable	NOUN
ajfa-11193	366	24	that	that	PRON
ajfa-11193	366	25	positively	positively	ADV
ajfa-11193	366	26	affects	affect	VERB
ajfa-11193	366	27	profitability	profitability	NOUN
ajfa-11193	366	28	for	for	ADP
ajfa-11193	366	29	medium	medium	ADJ
ajfa-11193	366	30	-	-	PUNCT
ajfa-11193	366	31	scale	scale	NOUN
ajfa-11193	366	32	indonesian	indonesian	ADJ
ajfa-11193	366	33	real	real	ADJ
ajfa-11193	366	34	estate	estate	NOUN
ajfa-11193	366	35	companies	company	NOUN
ajfa-11193	366	36	.	.	PUNCT
ajfa-11193	367	1	this	this	DET
ajfa-11193	367	2	finding	finding	NOUN
ajfa-11193	367	3	is	be	AUX
ajfa-11193	367	4	similar	similar	ADJ
ajfa-11193	367	5	to	to	ADP
ajfa-11193	367	6	the	the	DET
ajfa-11193	367	7	result	result	NOUN
ajfa-11193	367	8	of	of	ADP
ajfa-11193	367	9	the	the	DET
ajfa-11193	367	10	fe	fe	PROPN
ajfa-11193	367	11	model	model	NOUN
ajfa-11193	367	12	in	in	ADP
ajfa-11193	367	13	the	the	DET
ajfa-11193	367	14	large	large	ADJ
ajfa-11193	367	15	companies	company	NOUN
ajfa-11193	367	16	group	group	NOUN
ajfa-11193	367	17	;	;	PUNCT
ajfa-11193	367	18	and	and	CCONJ
ajfa-11193	367	19	is	be	AUX
ajfa-11193	367	20	consistent	consistent	ADJ
ajfa-11193	367	21	with	with	ADP
ajfa-11193	367	22	the	the	DET
ajfa-11193	367	23	previous	previous	ADJ
ajfa-11193	367	24	study	study	NOUN
ajfa-11193	367	25	of	of	ADP
ajfa-11193	367	26	lazaridis	lazaridi	NOUN
ajfa-11193	367	27	and	and	CCONJ
ajfa-11193	367	28	tryfonidis	tryfonidi	NOUN
ajfa-11193	367	29	(	(	PUNCT
ajfa-11193	367	30	2006	2006	NUM
ajfa-11193	367	31	)	)	PUNCT
ajfa-11193	367	32	,	,	PUNCT
ajfa-11193	367	33	however	however	ADV
ajfa-11193	367	34	goes	go	VERB
ajfa-11193	367	35	against	against	ADP
ajfa-11193	367	36	the	the	DET
ajfa-11193	367	37	alternative	alternative	ADJ
ajfa-11193	367	38	hypotheses	hypothesis	NOUN
ajfa-11193	367	39	of	of	ADP
ajfa-11193	367	40	decreasing	decrease	VERB
ajfa-11193	367	41	days	day	NOUN
ajfa-11193	367	42	in	in	ADP
ajfa-11193	367	43	account	account	NOUN
ajfa-11193	367	44	payable	payable	ADJ
ajfa-11193	367	45	.	.	PUNCT
ajfa-11193	368	1	the	the	DET
ajfa-11193	368	2	paper	paper	NOUN
ajfa-11193	368	3	similarly	similarly	ADV
ajfa-11193	368	4	suggests	suggest	VERB
ajfa-11193	368	5	that	that	SCONJ
ajfa-11193	368	6	medium	medium	ADJ
ajfa-11193	368	7	-	-	PUNCT
ajfa-11193	368	8	scale	scale	NOUN
ajfa-11193	368	9	indonesian	indonesian	ADJ
ajfa-11193	368	10	real	real	ADJ
ajfa-11193	368	11	estate	estate	NOUN
ajfa-11193	368	12	companies	company	NOUN
ajfa-11193	368	13	should	should	AUX
ajfa-11193	368	14	have	have	VERB
ajfa-11193	368	15	better	well	ADJ
ajfa-11193	368	16	business	business	NOUN
ajfa-11193	368	17	relationships	relationship	NOUN
ajfa-11193	368	18	with	with	ADP
ajfa-11193	368	19	the	the	DET
ajfa-11193	368	20	supplier	supplier	NOUN
ajfa-11193	368	21	for	for	ADP
ajfa-11193	368	22	better	well	ADJ
ajfa-11193	368	23	negotiations	negotiation	NOUN
ajfa-11193	368	24	in	in	ADP
ajfa-11193	368	25	having	have	VERB
ajfa-11193	368	26	longer	long	ADJ
ajfa-11193	368	27	payment	payment	NOUN
ajfa-11193	368	28	terms	term	NOUN
ajfa-11193	368	29	.	.	PUNCT
ajfa-11193	369	1	in	in	ADP
ajfa-11193	369	2	comparing	compare	VERB
ajfa-11193	369	3	the	the	DET
ajfa-11193	369	4	results	result	NOUN
ajfa-11193	369	5	of	of	ADP
ajfa-11193	369	6	the	the	DET
ajfa-11193	369	7	ols	ol	NOUN
ajfa-11193	369	8	and	and	CCONJ
ajfa-11193	369	9	fe	fe	NOUN
ajfa-11193	369	10	models	model	NOUN
ajfa-11193	369	11	,	,	PUNCT
ajfa-11193	369	12	this	this	DET
ajfa-11193	369	13	paper	paper	NOUN
ajfa-11193	369	14	favors	favor	VERB
ajfa-11193	369	15	the	the	DET
ajfa-11193	369	16	findings	finding	NOUN
ajfa-11193	369	17	of	of	ADP
ajfa-11193	369	18	the	the	DET
ajfa-11193	369	19	fe	fe	PROPN
ajfa-11193	369	20	model	model	NOUN
ajfa-11193	369	21	as	as	ADP
ajfa-11193	369	22	the	the	DET
ajfa-11193	369	23	better	well	ADJ
ajfa-11193	369	24	fitting	fitting	ADJ
ajfa-11193	369	25	model	model	NOUN
ajfa-11193	369	26	for	for	ADP
ajfa-11193	369	27	medium	medium	ADJ
ajfa-11193	369	28	-	-	PUNCT
ajfa-11193	369	29	size	size	NOUN
ajfa-11193	369	30	indonesian	indonesian	ADJ
ajfa-11193	369	31	real	real	ADJ
ajfa-11193	369	32	estate	estate	NOUN
ajfa-11193	369	33	companies	company	NOUN
ajfa-11193	369	34	group	group	NOUN
ajfa-11193	369	35	,	,	PUNCT
ajfa-11193	369	36	because	because	SCONJ
ajfa-11193	369	37	of	of	ADP
ajfa-11193	369	38	the	the	DET
ajfa-11193	369	39	higher	high	ADJ
ajfa-11193	369	40	log	log	NOUN
ajfa-11193	369	41	-	-	PUNCT
ajfa-11193	369	42	likelihood	likelihood	NOUN
ajfa-11193	369	43	value	value	NOUN
ajfa-11193	369	44	.	.	PUNCT
ajfa-11193	370	1	5.5	5.5	NUM
ajfa-11193	370	2	result	result	NOUN
ajfa-11193	370	3	of	of	ADP
ajfa-11193	370	4	small	small	ADJ
ajfa-11193	370	5	-	-	PUNCT
ajfa-11193	370	6	size	size	NOUN
ajfa-11193	370	7	market	market	NOUN
ajfa-11193	370	8	capitalization	capitalization	NOUN
ajfa-11193	370	9	companies	company	NOUN
ajfa-11193	370	10	table	table	VERB
ajfa-11193	370	11	9	9	NUM
ajfa-11193	370	12	shows	show	VERB
ajfa-11193	370	13	the	the	DET
ajfa-11193	370	14	comparison	comparison	NOUN
ajfa-11193	370	15	of	of	ADP
ajfa-11193	370	16	findings	finding	NOUN
ajfa-11193	370	17	for	for	ADP
ajfa-11193	370	18	the	the	DET
ajfa-11193	370	19	ols	ols	PROPN
ajfa-11193	370	20	,	,	PUNCT
ajfa-11193	370	21	fe	fe	NOUN
ajfa-11193	370	22	,	,	PUNCT
ajfa-11193	370	23	and	and	CCONJ
ajfa-11193	370	24	re	re	NOUN
ajfa-11193	370	25	models	model	NOUN
ajfa-11193	370	26	in	in	ADP
ajfa-11193	370	27	determining	determine	VERB
ajfa-11193	370	28	the	the	DET
ajfa-11193	370	29	significant	significant	ADJ
ajfa-11193	370	30	variables	variable	NOUN
ajfa-11193	370	31	factors	factor	NOUN
ajfa-11193	370	32	that	that	PRON
ajfa-11193	370	33	affect	affect	VERB
ajfa-11193	370	34	the	the	DET
ajfa-11193	370	35	profitability	profitability	NOUN
ajfa-11193	370	36	of	of	ADP
ajfa-11193	370	37	small	small	ADJ
ajfa-11193	370	38	indonesian	indonesian	ADJ
ajfa-11193	370	39	real	real	ADJ
ajfa-11193	370	40	estate	estate	NOUN
ajfa-11193	370	41	companies	company	NOUN
ajfa-11193	370	42	.	.	PUNCT
ajfa-11193	371	1	based	base	VERB
ajfa-11193	371	2	on	on	ADP
ajfa-11193	371	3	hausman	hausman	PROPN
ajfa-11193	371	4	test	test	NOUN
ajfa-11193	371	5	,	,	PUNCT
ajfa-11193	371	6	the	the	DET
ajfa-11193	371	7	p	p	NOUN
ajfa-11193	371	8	-	-	PUNCT
ajfa-11193	371	9	value	value	NOUN
ajfa-11193	371	10	is	be	AUX
ajfa-11193	371	11	again	again	ADV
ajfa-11193	371	12	smaller	small	ADJ
ajfa-11193	371	13	than	than	ADP
ajfa-11193	371	14	5	5	NUM
ajfa-11193	371	15	%	%	NOUN
ajfa-11193	371	16	,	,	PUNCT
ajfa-11193	371	17	which	which	PRON
ajfa-11193	371	18	indicates	indicate	VERB
ajfa-11193	371	19	that	that	SCONJ
ajfa-11193	371	20	the	the	DET
ajfa-11193	371	21	null	null	ADJ
ajfa-11193	371	22	hypothesis	hypothesis	NOUN
ajfa-11193	371	23	is	be	AUX
ajfa-11193	371	24	rejected	reject	VERB
ajfa-11193	371	25	,	,	PUNCT
ajfa-11193	371	26	and	and	CCONJ
ajfa-11193	371	27	the	the	DET
ajfa-11193	371	28	fe	fe	NOUN
ajfa-11193	371	29	model	model	NOUN
ajfa-11193	371	30	is	be	AUX
ajfa-11193	371	31	again	again	ADV
ajfa-11193	371	32	preferred	prefer	VERB
ajfa-11193	371	33	.	.	PUNCT
ajfa-11193	372	1	in	in	ADP
ajfa-11193	372	2	ols	ol	NOUN
ajfa-11193	372	3	model	model	NOUN
ajfa-11193	372	4	,	,	PUNCT
ajfa-11193	372	5	the	the	DET
ajfa-11193	372	6	number	number	NOUN
ajfa-11193	372	7	of	of	ADP
ajfa-11193	372	8	days	day	NOUN
ajfa-11193	372	9	account	account	NOUN
ajfa-11193	372	10	receivable	receivable	ADJ
ajfa-11193	372	11	variable	variable	NOUN
ajfa-11193	372	12	has	have	VERB
ajfa-11193	372	13	negative	negative	ADJ
ajfa-11193	372	14	significant	significant	ADJ
ajfa-11193	372	15	relationship	relationship	NOUN
ajfa-11193	372	16	with	with	ADP
ajfa-11193	372	17	the	the	DET
ajfa-11193	372	18	profitability	profitability	NOUN
ajfa-11193	372	19	of	of	ADP
ajfa-11193	372	20	small	small	ADJ
ajfa-11193	372	21	indonesian	indonesian	ADJ
ajfa-11193	372	22	real	real	ADJ
ajfa-11193	372	23	estate	estate	NOUN
ajfa-11193	372	24	companies	company	NOUN
ajfa-11193	372	25	,	,	PUNCT
ajfa-11193	372	26	and	and	CCONJ
ajfa-11193	372	27	this	this	PRON
ajfa-11193	372	28	is	be	AUX
ajfa-11193	372	29	similar	similar	ADJ
ajfa-11193	372	30	with	with	ADP
ajfa-11193	372	31	the	the	DET
ajfa-11193	372	32	findings	finding	NOUN
ajfa-11193	372	33	for	for	ADP
ajfa-11193	372	34	large	large	ADJ
ajfa-11193	372	35	real	real	ADJ
ajfa-11193	372	36	estate	estate	NOUN
ajfa-11193	372	37	firms	firm	NOUN
ajfa-11193	372	38	.	.	PUNCT
ajfa-11193	373	1	this	this	DET
ajfa-11193	373	2	result	result	NOUN
ajfa-11193	373	3	is	be	AUX
ajfa-11193	373	4	consistent	consistent	ADJ
ajfa-11193	373	5	with	with	ADP
ajfa-11193	373	6	the	the	DET
ajfa-11193	373	7	alternative	alternative	ADJ
ajfa-11193	373	8	hypotheses	hypothesis	NOUN
ajfa-11193	373	9	,	,	PUNCT
ajfa-11193	373	10	and	and	CCONJ
ajfa-11193	373	11	previous	previous	ADJ
ajfa-11193	373	12	studies	study	NOUN
ajfa-11193	373	13	of	of	ADP
ajfa-11193	373	14	shin	shin	NOUN
ajfa-11193	373	15	and	and	CCONJ
ajfa-11193	373	16	soenen	soenen	NOUN
ajfa-11193	373	17	(	(	PUNCT
ajfa-11193	373	18	1998	1998	NUM
ajfa-11193	373	19	)	)	PUNCT
ajfa-11193	373	20	,	,	PUNCT
ajfa-11193	373	21	deloof	deloof	NOUN
ajfa-11193	373	22	(	(	PUNCT
ajfa-11193	373	23	2003	2003	NUM
ajfa-11193	373	24	)	)	PUNCT
ajfa-11193	373	25	and	and	CCONJ
ajfa-11193	373	26	enqvist	enqvist	NOUN
ajfa-11193	373	27	et	et	PROPN
ajfa-11193	373	28	al	al	PROPN
ajfa-11193	373	29	.	.	PROPN
ajfa-11193	374	1	(	(	PUNCT
ajfa-11193	374	2	2014	2014	NUM
ajfa-11193	374	3	)	)	PUNCT
ajfa-11193	374	4	.	.	PUNCT
ajfa-11193	375	1	these	these	DET
ajfa-11193	375	2	previous	previous	ADJ
ajfa-11193	375	3	literature	literature	NOUN
ajfa-11193	375	4	stated	state	VERB
ajfa-11193	375	5	that	that	SCONJ
ajfa-11193	375	6	long	long	ADJ
ajfa-11193	375	7	account	account	NOUN
ajfa-11193	375	8	receivable	receivable	ADJ
ajfa-11193	375	9	cycles	cycle	NOUN
ajfa-11193	375	10	,	,	PUNCT
ajfa-11193	375	11	increase	increase	VERB
ajfa-11193	375	12	the	the	DET
ajfa-11193	375	13	ccc	ccc	NOUN
ajfa-11193	375	14	,	,	PUNCT
ajfa-11193	375	15	which	which	PRON
ajfa-11193	375	16	leads	lead	VERB
ajfa-11193	375	17	to	to	ADP
ajfa-11193	375	18	decreased	decrease	VERB
ajfa-11193	375	19	efficiency	efficiency	NOUN
ajfa-11193	375	20	and	and	CCONJ
ajfa-11193	375	21	profitability	profitability	NOUN
ajfa-11193	375	22	.	.	PUNCT
ajfa-11193	376	1	hence	hence	ADV
ajfa-11193	376	2	,	,	PUNCT
ajfa-11193	376	3	this	this	DET
ajfa-11193	376	4	study	study	NOUN
ajfa-11193	376	5	suggests	suggest	VERB
ajfa-11193	376	6	that	that	SCONJ
ajfa-11193	376	7	small	small	ADJ
ajfa-11193	376	8	indonesian	indonesian	ADJ
ajfa-11193	376	9	real	real	ADJ
ajfa-11193	376	10	estate	estate	NOUN
ajfa-11193	376	11	companies	company	NOUN
ajfa-11193	376	12	reduce	reduce	VERB
ajfa-11193	376	13	the	the	DET
ajfa-11193	376	14	number	number	NOUN
ajfa-11193	376	15	of	of	ADP
ajfa-11193	376	16	days	day	NOUN
ajfa-11193	376	17	account	account	VERB
ajfa-11193	376	18	receivable	receivable	ADJ
ajfa-11193	376	19	to	to	ADP
ajfa-11193	376	20	a	a	DET
ajfa-11193	376	21	reasonable	reasonable	ADJ
ajfa-11193	376	22	minimum	minimum	NOUN
ajfa-11193	376	23	that	that	PRON
ajfa-11193	376	24	wo	will	AUX
ajfa-11193	376	25	n’t	not	PART
ajfa-11193	376	26	sacrifice	sacrifice	VERB
ajfa-11193	376	27	customer	customer	NOUN
ajfa-11193	376	28	relations	relation	NOUN
ajfa-11193	376	29	.	.	PUNCT
ajfa-11193	377	1	these	these	DET
ajfa-11193	377	2	companies	company	NOUN
ajfa-11193	377	3	should	should	AUX
ajfa-11193	377	4	encourage	encourage	VERB
ajfa-11193	377	5	customers	customer	NOUN
ajfa-11193	377	6	to	to	PART
ajfa-11193	377	7	pay	pay	VERB
ajfa-11193	377	8	early	early	ADV
ajfa-11193	377	9	by	by	ADP
ajfa-11193	377	10	offering	offer	VERB
ajfa-11193	377	11	payment	payment	NOUN
ajfa-11193	377	12	discounts	discount	NOUN
ajfa-11193	377	13	.	.	PUNCT
ajfa-11193	378	1	sending	send	VERB
ajfa-11193	378	2	notices	notice	NOUN
ajfa-11193	378	3	and	and	CCONJ
ajfa-11193	378	4	invoices	invoice	NOUN
ajfa-11193	378	5	immediately	immediately	ADV
ajfa-11193	378	6	upon	upon	SCONJ
ajfa-11193	378	7	the	the	DET
ajfa-11193	378	8	completion	completion	NOUN
ajfa-11193	378	9	of	of	ADP
ajfa-11193	378	10	construction	construction	NOUN
ajfa-11193	378	11	projects	project	NOUN
ajfa-11193	378	12	also	also	ADV
ajfa-11193	378	13	is	be	AUX
ajfa-11193	378	14	a	a	DET
ajfa-11193	378	15	prerogative	prerogative	NOUN
ajfa-11193	378	16	,	,	PUNCT
ajfa-11193	378	17	because	because	SCONJ
ajfa-11193	378	18	customers	customer	NOUN
ajfa-11193	378	19	pay	pay	VERB
ajfa-11193	378	20	bills	bill	NOUN
ajfa-11193	378	21	sooner	soon	ADV
ajfa-11193	378	22	after	after	SCONJ
ajfa-11193	378	23	they	they	PRON
ajfa-11193	378	24	have	have	AUX
ajfa-11193	378	25	received	receive	VERB
ajfa-11193	378	26	invoices	invoice	NOUN
ajfa-11193	378	27	closer	close	ADV
ajfa-11193	378	28	to	to	ADP
ajfa-11193	378	29	the	the	DET
ajfa-11193	378	30	performance	performance	NOUN
ajfa-11193	378	31	of	of	ADP
ajfa-11193	378	32	services	service	NOUN
ajfa-11193	378	33	rendered	render	VERB
ajfa-11193	378	34	.	.	PUNCT
ajfa-11193	379	1	asian	asian	ADJ
ajfa-11193	379	2	journal	journal	PROPN
ajfa-11193	379	3	of	of	ADP
ajfa-11193	379	4	finance	finance	PROPN
ajfa-11193	379	5	&	&	CCONJ
ajfa-11193	379	6	accounting	accounting	PROPN
ajfa-11193	379	7	issn	issn	PROPN
ajfa-11193	379	8	1946	1946	NUM
ajfa-11193	379	9	-	-	PUNCT
ajfa-11193	379	10	052x	052x	PROPN
ajfa-11193	379	11	2017	2017	NUM
ajfa-11193	379	12	,	,	PUNCT
ajfa-11193	379	13	vol	vol	NOUN
ajfa-11193	379	14	.	.	NOUN
ajfa-11193	379	15	9	9	NUM
ajfa-11193	379	16	,	,	PUNCT
ajfa-11193	379	17	no	no	INTJ
ajfa-11193	379	18	.	.	NOUN
ajfa-11193	379	19	1	1	NUM
ajfa-11193	379	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	379	21	419	419	NUM
ajfa-11193	379	22	table	table	NOUN
ajfa-11193	379	23	9	9	NUM
ajfa-11193	379	24	.	.	PUNCT
ajfa-11193	379	25	multiple	multiple	ADJ
ajfa-11193	379	26	regression	regression	NOUN
ajfa-11193	379	27	results	result	NOUN
ajfa-11193	379	28	for	for	ADP
ajfa-11193	379	29	small	small	ADJ
ajfa-11193	379	30	indonesian	indonesian	ADJ
ajfa-11193	379	31	real	real	ADJ
ajfa-11193	379	32	estate	estate	NOUN
ajfa-11193	379	33	companies	company	NOUN
ajfa-11193	379	34	firm	firm	ADJ
ajfa-11193	379	35	-	-	PUNCT
ajfa-11193	379	36	specific	specific	ADJ
ajfa-11193	379	37	variables	variable	NOUN
ajfa-11193	379	38	ols	ols	X
ajfa-11193	379	39	fe	fe	X
ajfa-11193	379	40	re	re	X
ajfa-11193	379	41	ar	ar	PROPN
ajfa-11193	379	42	-0.000	-0.000	PROPN
ajfa-11193	379	43	*	*	PUNCT
ajfa-11193	379	44	(	(	PUNCT
ajfa-11193	379	45	0.056	0.056	NUM
ajfa-11193	379	46	)	)	PUNCT
ajfa-11193	379	47	0.000	0.000	NUM
ajfa-11193	379	48	(	(	PUNCT
ajfa-11193	379	49	0.113	0.113	NUM
ajfa-11193	379	50	)	)	PUNCT
ajfa-11193	379	51	0.000	0.000	NUM
ajfa-11193	379	52	(	(	PUNCT
ajfa-11193	379	53	0.224	0.224	NUM
ajfa-11193	379	54	)	)	PUNCT
ajfa-11193	379	55	in	in	ADP
ajfa-11193	379	56	0.000	0.000	NUM
ajfa-11193	379	57	(	(	PUNCT
ajfa-11193	379	58	0.717	0.717	NUM
ajfa-11193	379	59	)	)	PUNCT
ajfa-11193	380	1	−0.000	−0.000	NOUN
ajfa-11193	381	1	*	*	PUNCT
ajfa-11193	381	2	*	*	PUNCT
ajfa-11193	381	3	(	(	PUNCT
ajfa-11193	381	4	0.029	0.029	NUM
ajfa-11193	381	5	)	)	PUNCT
ajfa-11193	381	6	−0.000	−0.000	NOUN
ajfa-11193	381	7	(	(	PUNCT
ajfa-11193	381	8	0.591	0.591	NUM
ajfa-11193	381	9	)	)	PUNCT
ajfa-11193	381	10	ap	ap	NOUN
ajfa-11193	382	1	−0.000	−0.000	NOUN
ajfa-11193	382	2	(	(	PUNCT
ajfa-11193	382	3	0.666	0.666	NUM
ajfa-11193	382	4	)	)	PUNCT
ajfa-11193	382	5	0.000	0.000	NUM
ajfa-11193	383	1	*	*	PUNCT
ajfa-11193	383	2	*	*	PUNCT
ajfa-11193	383	3	(	(	PUNCT
ajfa-11193	383	4	0.017	0.017	NUM
ajfa-11193	383	5	)	)	PUNCT
ajfa-11193	383	6	0.000	0.000	NUM
ajfa-11193	383	7	(	(	PUNCT
ajfa-11193	383	8	0.843	0.843	NUM
ajfa-11193	383	9	)	)	PUNCT
ajfa-11193	383	10	size	size	NOUN
ajfa-11193	383	11	0.012	0.012	NUM
ajfa-11193	383	12	*	*	PUNCT
ajfa-11193	383	13	(	(	PUNCT
ajfa-11193	383	14	0.084	0.084	NUM
ajfa-11193	383	15	)	)	PUNCT
ajfa-11193	383	16	0.028	0.028	NUM
ajfa-11193	383	17	(	(	PUNCT
ajfa-11193	383	18	0.170	0.170	NUM
ajfa-11193	383	19	)	)	PUNCT
ajfa-11193	383	20	0.018	0.018	NUM
ajfa-11193	383	21	*	*	PUNCT
ajfa-11193	383	22	(	(	PUNCT
ajfa-11193	383	23	0.083	0.083	NUM
ajfa-11193	383	24	)	)	PUNCT
ajfa-11193	383	25	cr	cr	PROPN
ajfa-11193	383	26	−0.004	−0.004	PROPN
ajfa-11193	383	27	(	(	PUNCT
ajfa-11193	383	28	0.157	0.157	NUM
ajfa-11193	383	29	)	)	PUNCT
ajfa-11193	383	30	−0.005	−0.005	NOUN
ajfa-11193	383	31	*	*	PUNCT
ajfa-11193	383	32	(	(	PUNCT
ajfa-11193	383	33	0.078	0.078	NUM
ajfa-11193	383	34	)	)	PUNCT
ajfa-11193	383	35	−0.005	−0.005	NOUN
ajfa-11193	383	36	*	*	PUNCT
ajfa-11193	383	37	(	(	PUNCT
ajfa-11193	383	38	0.077	0.077	NUM
ajfa-11193	383	39	)	)	PUNCT
ajfa-11193	383	40	dr	dr	PROPN
ajfa-11193	383	41	−0.102	−0.102	PROPN
ajfa-11193	383	42	*	*	PUNCT
ajfa-11193	383	43	(	(	PUNCT
ajfa-11193	383	44	0.080	0.080	X
ajfa-11193	383	45	)	)	PUNCT
ajfa-11193	383	46	−0.318	−0.318	NOUN
ajfa-11193	384	1	*	*	PUNCT
ajfa-11193	384	2	*	*	PUNCT
ajfa-11193	384	3	*	*	PUNCT
ajfa-11193	384	4	(	(	PUNCT
ajfa-11193	384	5	0.0003	0.0003	NUM
ajfa-11193	384	6	)	)	PUNCT
ajfa-11193	384	7	−0.197	−0.197	NOUN
ajfa-11193	385	1	*	*	PUNCT
ajfa-11193	385	2	*	*	PUNCT
ajfa-11193	385	3	*	*	PUNCT
ajfa-11193	385	4	(	(	PUNCT
ajfa-11193	385	5	0.006	0.006	NUM
ajfa-11193	385	6	)	)	PUNCT
ajfa-11193	385	7	sg	sg	ADP
ajfa-11193	385	8	0.002	0.002	NUM
ajfa-11193	385	9	(	(	PUNCT
ajfa-11193	385	10	0.771	0.771	NUM
ajfa-11193	385	11	)	)	PUNCT
ajfa-11193	385	12	0.023	0.023	NUM
ajfa-11193	385	13	*	*	PUNCT
ajfa-11193	385	14	(	(	PUNCT
ajfa-11193	385	15	0.052	0.052	NUM
ajfa-11193	385	16	)	)	PUNCT
ajfa-11193	385	17	0.002	0.002	NUM
ajfa-11193	385	18	(	(	PUNCT
ajfa-11193	385	19	0.744	0.744	NUM
ajfa-11193	385	20	)	)	PUNCT
ajfa-11193	385	21	tang	tang	NOUN
ajfa-11193	385	22	0.088	0.088	NUM
ajfa-11193	385	23	(	(	PUNCT
ajfa-11193	385	24	0.123	0.123	NUM
ajfa-11193	385	25	)	)	PUNCT
ajfa-11193	385	26	0.073	0.073	NUM
ajfa-11193	385	27	(	(	PUNCT
ajfa-11193	385	28	0.270	0.270	NUM
ajfa-11193	385	29	)	)	PUNCT
ajfa-11193	385	30	0.094	0.094	NUM
ajfa-11193	385	31	(	(	PUNCT
ajfa-11193	385	32	0.122	0.122	NUM
ajfa-11193	385	33	)	)	PUNCT
ajfa-11193	385	34	constant	constant	ADJ
ajfa-11193	385	35	−0.254	−0.254	NOUN
ajfa-11193	385	36	(	(	PUNCT
ajfa-11193	385	37	0.170	0.170	NUM
ajfa-11193	385	38	)	)	PUNCT
ajfa-11193	385	39	−0.597	−0.597	NOUN
ajfa-11193	385	40	(	(	PUNCT
ajfa-11193	385	41	0.253	0.253	NUM
ajfa-11193	385	42	)	)	PUNCT
ajfa-11193	386	1	−0.356	−0.356	NOUN
ajfa-11193	386	2	(	(	PUNCT
ajfa-11193	386	3	0.177	0.177	NUM
ajfa-11193	386	4	)	)	PUNCT
ajfa-11193	386	5	r	r	NOUN
ajfa-11193	386	6	-	-	PUNCT
ajfa-11193	386	7	squared	square	VERB
ajfa-11193	386	8	0.302	0.302	NUM
ajfa-11193	386	9	0.476	0.476	NUM
ajfa-11193	386	10	log	log	NOUN
ajfa-11193	386	11	-	-	PUNCT
ajfa-11193	386	12	likelihood	likelihood	NOUN
ajfa-11193	386	13	98.664	98.664	NUM
ajfa-11193	386	14	119.843	119.843	NUM
ajfa-11193	386	15	93.830	93.830	NUM
ajfa-11193	386	16	hausman	hausman	ADJ
ajfa-11193	386	17	test	test	NOUN
ajfa-11193	386	18	(	(	PUNCT
ajfa-11193	386	19	p	p	NOUN
ajfa-11193	386	20	-	-	PUNCT
ajfa-11193	386	21	value	value	NOUN
ajfa-11193	386	22	)	)	PUNCT
ajfa-11193	386	23	26.026	26.026	NUM
ajfa-11193	386	24	*	*	PUNCT
ajfa-11193	386	25	*	*	PUNCT
ajfa-11193	386	26	*	*	PUNCT
ajfa-11193	386	27	(	(	PUNCT
ajfa-11193	386	28	0.001	0.001	NUM
ajfa-11193	386	29	)	)	PUNCT
ajfa-11193	386	30	note	note	NOUN
ajfa-11193	386	31	:	:	PUNCT
ajfa-11193	386	32	*	*	PUNCT
ajfa-11193	386	33	,	,	PUNCT
ajfa-11193	386	34	*	*	PUNCT
ajfa-11193	386	35	*	*	PUNCT
ajfa-11193	386	36	and	and	CCONJ
ajfa-11193	386	37	*	*	PUNCT
ajfa-11193	386	38	*	*	PUNCT
ajfa-11193	386	39	*	*	NOUN
ajfa-11193	386	40	are	be	AUX
ajfa-11193	386	41	significance	significance	NOUN
ajfa-11193	386	42	at	at	ADP
ajfa-11193	386	43	the	the	DET
ajfa-11193	386	44	10	10	NUM
ajfa-11193	386	45	,	,	PUNCT
ajfa-11193	386	46	5	5	NUM
ajfa-11193	386	47	and	and	CCONJ
ajfa-11193	386	48	1	1	NUM
ajfa-11193	386	49	%	%	NOUN
ajfa-11193	386	50	levels	level	NOUN
ajfa-11193	386	51	,	,	PUNCT
ajfa-11193	386	52	respectively	respectively	ADV
ajfa-11193	386	53	;	;	PUNCT
ajfa-11193	386	54	p	p	X
ajfa-11193	386	55	-	-	PUNCT
ajfa-11193	386	56	values	value	NOUN
ajfa-11193	386	57	are	be	AUX
ajfa-11193	386	58	in	in	ADP
ajfa-11193	386	59	parentheses	parenthesis	NOUN
ajfa-11193	386	60	the	the	DET
ajfa-11193	386	61	size	size	NOUN
ajfa-11193	386	62	variable	variable	NOUN
ajfa-11193	386	63	has	have	VERB
ajfa-11193	386	64	significant	significant	ADJ
ajfa-11193	386	65	positive	positive	ADJ
ajfa-11193	386	66	relationship	relationship	NOUN
ajfa-11193	386	67	,	,	PUNCT
ajfa-11193	386	68	and	and	CCONJ
ajfa-11193	386	69	is	be	AUX
ajfa-11193	386	70	also	also	ADV
ajfa-11193	386	71	consistent	consistent	ADJ
ajfa-11193	386	72	with	with	ADP
ajfa-11193	386	73	the	the	DET
ajfa-11193	386	74	alternative	alternative	ADJ
ajfa-11193	386	75	hypotheses	hypothesis	NOUN
ajfa-11193	386	76	,	,	PUNCT
ajfa-11193	386	77	with	with	ADP
ajfa-11193	386	78	all	all	PRON
ajfa-11193	386	79	of	of	ADP
ajfa-11193	386	80	the	the	DET
ajfa-11193	386	81	previous	previous	ADJ
ajfa-11193	386	82	results	result	NOUN
ajfa-11193	386	83	for	for	ADP
ajfa-11193	386	84	large	large	ADJ
ajfa-11193	386	85	and	and	CCONJ
ajfa-11193	386	86	all	all	PRON
ajfa-11193	386	87	real	real	ADJ
ajfa-11193	386	88	estate	estate	NOUN
ajfa-11193	386	89	groups	group	NOUN
ajfa-11193	386	90	,	,	PUNCT
ajfa-11193	386	91	and	and	CCONJ
ajfa-11193	386	92	the	the	DET
ajfa-11193	386	93	findings	finding	NOUN
ajfa-11193	386	94	of	of	ADP
ajfa-11193	386	95	lazaridis	lazaridi	NOUN
ajfa-11193	386	96	and	and	CCONJ
ajfa-11193	386	97	tryfonidis	tryfonidi	NOUN
ajfa-11193	386	98	(	(	PUNCT
ajfa-11193	386	99	2006	2006	NUM
ajfa-11193	386	100	)	)	PUNCT
ajfa-11193	386	101	,	,	PUNCT
ajfa-11193	386	102	and	and	CCONJ
ajfa-11193	386	103	pervan	pervan	NOUN
ajfa-11193	386	104	and	and	CCONJ
ajfa-11193	386	105	višić	višić	PROPN
ajfa-11193	386	106	(	(	PUNCT
ajfa-11193	386	107	2012	2012	NUM
ajfa-11193	386	108	)	)	PUNCT
ajfa-11193	386	109	.	.	PUNCT
ajfa-11193	387	1	these	these	DET
ajfa-11193	387	2	studies	study	NOUN
ajfa-11193	387	3	stated	state	VERB
ajfa-11193	387	4	that	that	SCONJ
ajfa-11193	387	5	growing	grow	VERB
ajfa-11193	387	6	asset	asset	NOUN
ajfa-11193	387	7	base	base	NOUN
ajfa-11193	387	8	of	of	ADP
ajfa-11193	387	9	small	small	ADJ
ajfa-11193	387	10	indonesian	indonesian	ADJ
ajfa-11193	387	11	real	real	ADJ
ajfa-11193	387	12	estate	estate	NOUN
ajfa-11193	387	13	companies	company	NOUN
ajfa-11193	387	14	,	,	PUNCT
ajfa-11193	387	15	will	will	AUX
ajfa-11193	387	16	lead	lead	VERB
ajfa-11193	387	17	to	to	ADP
ajfa-11193	387	18	higher	high	ADJ
ajfa-11193	387	19	profitability	profitability	NOUN
ajfa-11193	387	20	because	because	SCONJ
ajfa-11193	387	21	the	the	DET
ajfa-11193	387	22	total	total	ADJ
ajfa-11193	387	23	asset	asset	NOUN
ajfa-11193	387	24	owned	own	VERB
ajfa-11193	387	25	can	can	AUX
ajfa-11193	387	26	optimize	optimize	VERB
ajfa-11193	387	27	operations	operation	NOUN
ajfa-11193	387	28	,	,	PUNCT
ajfa-11193	387	29	which	which	PRON
ajfa-11193	387	30	increases	increase	VERB
ajfa-11193	387	31	the	the	DET
ajfa-11193	387	32	bottom	bottom	ADJ
ajfa-11193	387	33	line	line	NOUN
ajfa-11193	387	34	.	.	PUNCT
ajfa-11193	388	1	the	the	DET
ajfa-11193	388	2	paper	paper	NOUN
ajfa-11193	388	3	urges	urge	VERB
ajfa-11193	388	4	small	small	ADJ
ajfa-11193	388	5	real	real	ADJ
ajfa-11193	388	6	estate	estate	NOUN
ajfa-11193	388	7	companies	company	NOUN
ajfa-11193	388	8	to	to	PART
ajfa-11193	388	9	purchase	purchase	VERB
ajfa-11193	388	10	more	more	ADJ
ajfa-11193	388	11	equipment	equipment	NOUN
ajfa-11193	388	12	to	to	PART
ajfa-11193	388	13	accelerate	accelerate	VERB
ajfa-11193	388	14	company	company	NOUN
ajfa-11193	388	15	operations	operation	NOUN
ajfa-11193	388	16	,	,	PUNCT
ajfa-11193	388	17	or	or	CCONJ
ajfa-11193	388	18	sell	sell	VERB
ajfa-11193	388	19	equipment	equipment	NOUN
ajfa-11193	388	20	that	that	PRON
ajfa-11193	388	21	are	be	AUX
ajfa-11193	388	22	no	no	ADV
ajfa-11193	388	23	longer	long	ADV
ajfa-11193	388	24	productive	productive	ADJ
ajfa-11193	388	25	in	in	ADP
ajfa-11193	388	26	order	order	NOUN
ajfa-11193	388	27	to	to	PART
ajfa-11193	388	28	save	save	VERB
ajfa-11193	388	29	and	and	CCONJ
ajfa-11193	388	30	gain	gain	VERB
ajfa-11193	388	31	more	more	ADJ
ajfa-11193	388	32	cash	cash	NOUN
ajfa-11193	388	33	.	.	PUNCT
ajfa-11193	389	1	debt	debt	NOUN
ajfa-11193	389	2	ratio	ratio	NOUN
ajfa-11193	389	3	on	on	ADP
ajfa-11193	389	4	the	the	DET
ajfa-11193	389	5	other	other	ADJ
ajfa-11193	389	6	hand	hand	NOUN
ajfa-11193	389	7	has	have	VERB
ajfa-11193	389	8	significant	significant	ADJ
ajfa-11193	389	9	negative	negative	ADJ
ajfa-11193	389	10	relationship	relationship	NOUN
ajfa-11193	389	11	with	with	ADP
ajfa-11193	389	12	profitability	profitability	NOUN
ajfa-11193	389	13	based	base	VERB
ajfa-11193	389	14	on	on	ADP
ajfa-11193	389	15	both	both	CCONJ
ajfa-11193	389	16	the	the	DET
ajfa-11193	389	17	ols	ol	NOUN
ajfa-11193	389	18	and	and	CCONJ
ajfa-11193	389	19	fe	fe	NOUN
ajfa-11193	389	20	models	model	NOUN
ajfa-11193	389	21	,	,	PUNCT
ajfa-11193	389	22	and	and	CCONJ
ajfa-11193	389	23	similar	similar	ADJ
ajfa-11193	389	24	with	with	ADP
ajfa-11193	389	25	the	the	DET
ajfa-11193	389	26	results	result	NOUN
ajfa-11193	389	27	for	for	ADP
ajfa-11193	389	28	large	large	ADJ
ajfa-11193	389	29	real	real	ADJ
ajfa-11193	389	30	estate	estate	NOUN
ajfa-11193	389	31	companies	company	NOUN
ajfa-11193	389	32	.	.	PUNCT
ajfa-11193	390	1	this	this	PRON
ajfa-11193	390	2	again	again	ADV
ajfa-11193	390	3	corresponds	correspond	VERB
ajfa-11193	390	4	to	to	ADP
ajfa-11193	390	5	the	the	DET
ajfa-11193	390	6	alternative	alternative	ADJ
ajfa-11193	390	7	hypotheses	hypothesis	NOUN
ajfa-11193	390	8	and	and	CCONJ
ajfa-11193	390	9	previous	previous	ADJ
ajfa-11193	390	10	researches	research	NOUN
ajfa-11193	390	11	of	of	ADP
ajfa-11193	390	12	deloof	deloof	NOUN
ajfa-11193	390	13	(	(	PUNCT
ajfa-11193	390	14	2003	2003	NUM
ajfa-11193	390	15	)	)	PUNCT
ajfa-11193	390	16	,	,	PUNCT
ajfa-11193	390	17	kebewar	kebewar	PROPN
ajfa-11193	390	18	(	(	PUNCT
ajfa-11193	390	19	2013	2013	NUM
ajfa-11193	390	20	)	)	PUNCT
ajfa-11193	390	21	,	,	PUNCT
ajfa-11193	390	22	and	and	CCONJ
ajfa-11193	390	23	enqvist	enqvist	ADJ
ajfa-11193	390	24	et	et	PROPN
ajfa-11193	390	25	al	al	PROPN
ajfa-11193	390	26	(	(	PUNCT
ajfa-11193	390	27	2014	2014	NUM
ajfa-11193	390	28	)	)	PUNCT
ajfa-11193	390	29	.	.	PUNCT
ajfa-11193	391	1	modigliani	modigliani	PROPN
ajfa-11193	391	2	and	and	CCONJ
ajfa-11193	391	3	miller	miller	PROPN
ajfa-11193	391	4	(	(	PUNCT
ajfa-11193	391	5	1963	1963	NUM
ajfa-11193	391	6	)	)	PUNCT
ajfa-11193	391	7	earlier	early	ADV
ajfa-11193	391	8	explained	explain	VERB
ajfa-11193	391	9	that	that	SCONJ
ajfa-11193	391	10	the	the	DET
ajfa-11193	391	11	optimal	optimal	ADJ
ajfa-11193	391	12	debt	debt	NOUN
ajfa-11193	391	13	ratio	ratio	NOUN
ajfa-11193	391	14	should	should	AUX
ajfa-11193	391	15	reduce	reduce	VERB
ajfa-11193	391	16	the	the	DET
ajfa-11193	391	17	total	total	ADJ
ajfa-11193	391	18	cost	cost	NOUN
ajfa-11193	391	19	of	of	ADP
ajfa-11193	391	20	capital	capital	NOUN
ajfa-11193	391	21	to	to	ADP
ajfa-11193	391	22	the	the	DET
ajfa-11193	391	23	point	point	NOUN
ajfa-11193	391	24	of	of	ADP
ajfa-11193	391	25	maximizing	maximize	VERB
ajfa-11193	391	26	profitability	profitability	NOUN
ajfa-11193	391	27	.	.	PUNCT
ajfa-11193	392	1	this	this	DET
ajfa-11193	392	2	paper	paper	NOUN
ajfa-11193	392	3	suggests	suggest	VERB
ajfa-11193	392	4	that	that	SCONJ
ajfa-11193	392	5	small	small	ADJ
ajfa-11193	392	6	real	real	ADJ
ajfa-11193	392	7	estate	estate	NOUN
ajfa-11193	392	8	companies	company	NOUN
ajfa-11193	392	9	should	should	AUX
ajfa-11193	392	10	reduce	reduce	VERB
ajfa-11193	392	11	asian	asian	ADJ
ajfa-11193	392	12	journal	journal	NOUN
ajfa-11193	392	13	of	of	ADP
ajfa-11193	392	14	finance	finance	PROPN
ajfa-11193	392	15	&	&	CCONJ
ajfa-11193	392	16	accounting	accounting	PROPN
ajfa-11193	392	17	issn	issn	PROPN
ajfa-11193	392	18	1946	1946	NUM
ajfa-11193	392	19	-	-	PUNCT
ajfa-11193	392	20	052x	052x	PROPN
ajfa-11193	392	21	2017	2017	NUM
ajfa-11193	392	22	,	,	PUNCT
ajfa-11193	392	23	vol	vol	NOUN
ajfa-11193	392	24	.	.	NOUN
ajfa-11193	392	25	9	9	NUM
ajfa-11193	392	26	,	,	PUNCT
ajfa-11193	392	27	no	no	INTJ
ajfa-11193	392	28	.	.	NOUN
ajfa-11193	392	29	1	1	NUM
ajfa-11193	392	30	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	392	31	420	420	NUM
ajfa-11193	392	32	the	the	DET
ajfa-11193	392	33	amount	amount	NOUN
ajfa-11193	392	34	of	of	ADP
ajfa-11193	392	35	debt	debt	NOUN
ajfa-11193	392	36	.	.	PUNCT
ajfa-11193	393	1	small	small	ADJ
ajfa-11193	393	2	companies	company	NOUN
ajfa-11193	393	3	planning	plan	VERB
ajfa-11193	393	4	to	to	PART
ajfa-11193	393	5	expand	expand	VERB
ajfa-11193	393	6	their	their	PRON
ajfa-11193	393	7	asset	asset	NOUN
ajfa-11193	393	8	base	base	NOUN
ajfa-11193	393	9	can	can	AUX
ajfa-11193	393	10	reduce	reduce	VERB
ajfa-11193	393	11	the	the	DET
ajfa-11193	393	12	cost	cost	NOUN
ajfa-11193	393	13	of	of	ADP
ajfa-11193	393	14	capital	capital	NOUN
ajfa-11193	393	15	by	by	ADP
ajfa-11193	393	16	raising	raise	VERB
ajfa-11193	393	17	funds	fund	NOUN
ajfa-11193	393	18	through	through	ADP
ajfa-11193	393	19	increasing	increase	VERB
ajfa-11193	393	20	sales	sale	NOUN
ajfa-11193	393	21	,	,	PUNCT
ajfa-11193	393	22	and	and	CCONJ
ajfa-11193	393	23	efficiently	efficiently	ADV
ajfa-11193	393	24	use	use	VERB
ajfa-11193	393	25	retained	retain	VERB
ajfa-11193	393	26	earning	earn	VERB
ajfa-11193	393	27	;	;	PUNCT
ajfa-11193	393	28	selling	sell	VERB
ajfa-11193	393	29	stocks	stock	NOUN
ajfa-11193	393	30	,	,	PUNCT
ajfa-11193	393	31	or	or	CCONJ
ajfa-11193	393	32	setting	set	VERB
ajfa-11193	393	33	up	up	ADP
ajfa-11193	393	34	investment	investment	NOUN
ajfa-11193	393	35	funds	fund	NOUN
ajfa-11193	393	36	to	to	PART
ajfa-11193	393	37	avoid	avoid	VERB
ajfa-11193	393	38	acquiring	acquire	VERB
ajfa-11193	393	39	more	more	ADJ
ajfa-11193	393	40	debt	debt	NOUN
ajfa-11193	393	41	.	.	PUNCT
ajfa-11193	394	1	this	this	DET
ajfa-11193	394	2	paper	paper	NOUN
ajfa-11193	394	3	additionally	additionally	ADV
ajfa-11193	394	4	suggests	suggest	VERB
ajfa-11193	394	5	that	that	SCONJ
ajfa-11193	394	6	small	small	ADJ
ajfa-11193	394	7	real	real	ADJ
ajfa-11193	394	8	estate	estate	NOUN
ajfa-11193	394	9	companies	company	NOUN
ajfa-11193	394	10	should	should	AUX
ajfa-11193	394	11	restructure	restructure	VERB
ajfa-11193	394	12	their	their	PRON
ajfa-11193	394	13	trade	trade	NOUN
ajfa-11193	394	14	credits	credit	NOUN
ajfa-11193	394	15	and	and	CCONJ
ajfa-11193	394	16	loans	loan	NOUN
ajfa-11193	394	17	,	,	PUNCT
ajfa-11193	394	18	by	by	ADP
ajfa-11193	394	19	bargaining	bargain	VERB
ajfa-11193	394	20	for	for	ADP
ajfa-11193	394	21	longer	long	ADJ
ajfa-11193	394	22	payment	payment	NOUN
ajfa-11193	394	23	terms	term	NOUN
ajfa-11193	394	24	with	with	ADP
ajfa-11193	394	25	suppliers	supplier	NOUN
ajfa-11193	394	26	,	,	PUNCT
ajfa-11193	394	27	and	and	CCONJ
ajfa-11193	394	28	replace	replace	VERB
ajfa-11193	394	29	existing	exist	VERB
ajfa-11193	394	30	loans	loan	NOUN
ajfa-11193	394	31	with	with	ADP
ajfa-11193	394	32	the	the	DET
ajfa-11193	394	33	loans	loan	NOUN
ajfa-11193	394	34	that	that	PRON
ajfa-11193	394	35	has	have	VERB
ajfa-11193	394	36	lower	low	ADJ
ajfa-11193	394	37	interest	interest	NOUN
ajfa-11193	394	38	rate	rate	NOUN
ajfa-11193	394	39	,	,	PUNCT
ajfa-11193	394	40	respectively	respectively	ADV
ajfa-11193	394	41	.	.	PUNCT
ajfa-11193	395	1	the	the	DET
ajfa-11193	395	2	number	number	NOUN
ajfa-11193	395	3	of	of	ADP
ajfa-11193	395	4	days	day	NOUN
ajfa-11193	395	5	inventories	inventory	NOUN
ajfa-11193	395	6	has	have	VERB
ajfa-11193	395	7	negative	negative	ADJ
ajfa-11193	395	8	significant	significant	ADJ
ajfa-11193	395	9	relationship	relationship	NOUN
ajfa-11193	395	10	with	with	ADP
ajfa-11193	395	11	profitability	profitability	NOUN
ajfa-11193	395	12	based	base	VERB
ajfa-11193	395	13	on	on	ADP
ajfa-11193	395	14	the	the	DET
ajfa-11193	395	15	fe	fe	PROPN
ajfa-11193	395	16	model	model	NOUN
ajfa-11193	395	17	alone	alone	ADV
ajfa-11193	395	18	.	.	PUNCT
ajfa-11193	396	1	the	the	DET
ajfa-11193	396	2	finding	finding	NOUN
ajfa-11193	396	3	is	be	AUX
ajfa-11193	396	4	consistent	consistent	ADJ
ajfa-11193	396	5	with	with	ADP
ajfa-11193	396	6	the	the	DET
ajfa-11193	396	7	alternative	alternative	ADJ
ajfa-11193	396	8	hypothesis	hypothesis	NOUN
ajfa-11193	396	9	and	and	CCONJ
ajfa-11193	396	10	previous	previous	ADJ
ajfa-11193	396	11	studies	study	NOUN
ajfa-11193	396	12	of	of	ADP
ajfa-11193	396	13	shin	shin	NOUN
ajfa-11193	396	14	and	and	CCONJ
ajfa-11193	396	15	soenen	soenen	NOUN
ajfa-11193	396	16	(	(	PUNCT
ajfa-11193	396	17	1998	1998	NUM
ajfa-11193	396	18	)	)	PUNCT
ajfa-11193	396	19	,	,	PUNCT
ajfa-11193	396	20	deloof	deloof	NOUN
ajfa-11193	396	21	(	(	PUNCT
ajfa-11193	396	22	2003	2003	NUM
ajfa-11193	396	23	)	)	PUNCT
ajfa-11193	396	24	,	,	PUNCT
ajfa-11193	396	25	and	and	CCONJ
ajfa-11193	396	26	enqvist	enqvist	NOUN
ajfa-11193	396	27	et	et	PROPN
ajfa-11193	396	28	al	al	PROPN
ajfa-11193	396	29	.	.	PROPN
ajfa-11193	397	1	(	(	PUNCT
ajfa-11193	397	2	2014	2014	NUM
ajfa-11193	397	3	)	)	PUNCT
ajfa-11193	397	4	.	.	PUNCT
ajfa-11193	398	1	these	these	DET
ajfa-11193	398	2	studies	study	NOUN
ajfa-11193	398	3	stated	state	VERB
ajfa-11193	398	4	that	that	SCONJ
ajfa-11193	398	5	excess	excess	ADJ
ajfa-11193	398	6	inventories	inventory	NOUN
ajfa-11193	398	7	indicate	indicate	VERB
ajfa-11193	398	8	decrease	decrease	NOUN
ajfa-11193	398	9	profitability	profitability	NOUN
ajfa-11193	398	10	,	,	PUNCT
ajfa-11193	398	11	and	and	CCONJ
ajfa-11193	398	12	a	a	DET
ajfa-11193	398	13	sign	sign	NOUN
ajfa-11193	398	14	of	of	ADP
ajfa-11193	398	15	efficiency	efficiency	NOUN
ajfa-11193	398	16	.	.	PUNCT
ajfa-11193	399	1	this	this	DET
ajfa-11193	399	2	paper	paper	NOUN
ajfa-11193	399	3	suggests	suggest	VERB
ajfa-11193	399	4	that	that	SCONJ
ajfa-11193	399	5	small	small	ADJ
ajfa-11193	399	6	indonesian	indonesian	ADJ
ajfa-11193	399	7	real	real	ADJ
ajfa-11193	399	8	estate	estate	NOUN
ajfa-11193	399	9	companies	company	NOUN
ajfa-11193	399	10	to	to	PART
ajfa-11193	399	11	shorten	shorten	VERB
ajfa-11193	399	12	the	the	DET
ajfa-11193	399	13	period	period	NOUN
ajfa-11193	399	14	of	of	ADP
ajfa-11193	399	15	keeping	keep	VERB
ajfa-11193	399	16	inventories	inventory	NOUN
ajfa-11193	399	17	.	.	PUNCT
ajfa-11193	400	1	these	these	DET
ajfa-11193	400	2	companies	company	NOUN
ajfa-11193	400	3	should	should	AUX
ajfa-11193	400	4	study	study	VERB
ajfa-11193	400	5	the	the	DET
ajfa-11193	400	6	average	average	ADJ
ajfa-11193	400	7	inventory	inventory	NOUN
ajfa-11193	400	8	conversion	conversion	NOUN
ajfa-11193	400	9	period	period	NOUN
ajfa-11193	400	10	to	to	PART
ajfa-11193	400	11	predict	predict	VERB
ajfa-11193	400	12	better	well	ADJ
ajfa-11193	400	13	time	time	NOUN
ajfa-11193	400	14	in	in	ADP
ajfa-11193	400	15	selling	sell	VERB
ajfa-11193	400	16	up	up	ADP
ajfa-11193	400	17	inventories	inventory	NOUN
ajfa-11193	400	18	with	with	ADP
ajfa-11193	400	19	respect	respect	NOUN
ajfa-11193	400	20	to	to	ADP
ajfa-11193	400	21	seasonal	seasonal	ADJ
ajfa-11193	400	22	demands	demand	NOUN
ajfa-11193	400	23	,	,	PUNCT
ajfa-11193	400	24	or	or	CCONJ
ajfa-11193	400	25	to	to	PART
ajfa-11193	400	26	improve	improve	VERB
ajfa-11193	400	27	commission	commission	NOUN
ajfa-11193	400	28	rates	rate	NOUN
ajfa-11193	400	29	and	and	CCONJ
ajfa-11193	400	30	benefits	benefit	NOUN
ajfa-11193	400	31	for	for	ADP
ajfa-11193	400	32	their	their	PRON
ajfa-11193	400	33	real	real	ADJ
ajfa-11193	400	34	estate	estate	NOUN
ajfa-11193	400	35	brokers	broker	NOUN
ajfa-11193	400	36	.	.	PUNCT
ajfa-11193	401	1	moreover	moreover	ADV
ajfa-11193	401	2	,	,	PUNCT
ajfa-11193	401	3	the	the	DET
ajfa-11193	401	4	number	number	NOUN
ajfa-11193	401	5	of	of	ADP
ajfa-11193	401	6	days	day	NOUN
ajfa-11193	401	7	accounts	account	NOUN
ajfa-11193	401	8	payable	payable	ADJ
ajfa-11193	401	9	has	have	VERB
ajfa-11193	401	10	a	a	DET
ajfa-11193	401	11	positive	positive	ADJ
ajfa-11193	401	12	significant	significant	ADJ
ajfa-11193	401	13	relationship	relationship	NOUN
ajfa-11193	401	14	with	with	ADP
ajfa-11193	401	15	profitability	profitability	NOUN
ajfa-11193	401	16	,	,	PUNCT
ajfa-11193	401	17	and	and	CCONJ
ajfa-11193	401	18	similar	similar	ADJ
ajfa-11193	401	19	with	with	ADP
ajfa-11193	401	20	the	the	DET
ajfa-11193	401	21	results	result	NOUN
ajfa-11193	401	22	for	for	ADP
ajfa-11193	401	23	all	all	PRON
ajfa-11193	401	24	and	and	CCONJ
ajfa-11193	401	25	large	large	ADJ
ajfa-11193	401	26	real	real	ADJ
ajfa-11193	401	27	estate	estate	NOUN
ajfa-11193	401	28	companies	company	NOUN
ajfa-11193	401	29	groups	group	NOUN
ajfa-11193	401	30	.	.	PUNCT
ajfa-11193	402	1	this	this	PRON
ajfa-11193	402	2	is	be	AUX
ajfa-11193	402	3	also	also	ADV
ajfa-11193	402	4	consistent	consistent	ADJ
ajfa-11193	402	5	with	with	ADP
ajfa-11193	402	6	the	the	DET
ajfa-11193	402	7	previous	previous	ADJ
ajfa-11193	402	8	study	study	NOUN
ajfa-11193	402	9	of	of	ADP
ajfa-11193	402	10	lazaridis	lazaridi	NOUN
ajfa-11193	402	11	and	and	CCONJ
ajfa-11193	402	12	tryfonidis	tryfonidi	NOUN
ajfa-11193	402	13	(	(	PUNCT
ajfa-11193	402	14	2006	2006	NUM
ajfa-11193	402	15	)	)	PUNCT
ajfa-11193	402	16	,	,	PUNCT
ajfa-11193	402	17	however	however	ADV
ajfa-11193	402	18	goes	go	VERB
ajfa-11193	402	19	against	against	ADP
ajfa-11193	402	20	the	the	DET
ajfa-11193	402	21	alternative	alternative	ADJ
ajfa-11193	402	22	hypotheses	hypothesis	NOUN
ajfa-11193	402	23	of	of	ADP
ajfa-11193	402	24	decreasing	decrease	VERB
ajfa-11193	402	25	days	day	NOUN
ajfa-11193	402	26	in	in	ADP
ajfa-11193	402	27	account	account	NOUN
ajfa-11193	402	28	payable	payable	ADJ
ajfa-11193	402	29	.	.	PUNCT
ajfa-11193	403	1	this	this	DET
ajfa-11193	403	2	finding	finding	NOUN
ajfa-11193	403	3	agrees	agree	VERB
ajfa-11193	403	4	with	with	ADP
ajfa-11193	403	5	the	the	DET
ajfa-11193	403	6	explanation	explanation	NOUN
ajfa-11193	403	7	of	of	ADP
ajfa-11193	403	8	enqvist	enqvist	NOUN
ajfa-11193	403	9	et	et	PROPN
ajfa-11193	403	10	al	al	PROPN
ajfa-11193	403	11	.	.	PROPN
ajfa-11193	404	1	(	(	PUNCT
ajfa-11193	404	2	2014	2014	NUM
ajfa-11193	404	3	)	)	PUNCT
ajfa-11193	405	1	that	that	SCONJ
ajfa-11193	405	2	by	by	ADP
ajfa-11193	405	3	extending	extend	VERB
ajfa-11193	405	4	period	period	NOUN
ajfa-11193	405	5	of	of	ADP
ajfa-11193	405	6	time	time	NOUN
ajfa-11193	405	7	in	in	ADP
ajfa-11193	405	8	settling	settle	VERB
ajfa-11193	405	9	payables	payable	NOUN
ajfa-11193	405	10	to	to	ADP
ajfa-11193	405	11	suppliers	supplier	NOUN
ajfa-11193	405	12	,	,	PUNCT
ajfa-11193	405	13	the	the	DET
ajfa-11193	405	14	company	company	NOUN
ajfa-11193	405	15	can	can	AUX
ajfa-11193	405	16	increase	increase	VERB
ajfa-11193	405	17	its	its	PRON
ajfa-11193	405	18	liquidity	liquidity	NOUN
ajfa-11193	405	19	that	that	PRON
ajfa-11193	405	20	may	may	AUX
ajfa-11193	405	21	be	be	AUX
ajfa-11193	405	22	channeled	channel	VERB
ajfa-11193	405	23	to	to	ADP
ajfa-11193	405	24	more	more	ADV
ajfa-11193	405	25	profitable	profitable	ADJ
ajfa-11193	405	26	ventures	venture	NOUN
ajfa-11193	405	27	.	.	PUNCT
ajfa-11193	406	1	the	the	DET
ajfa-11193	406	2	paper	paper	NOUN
ajfa-11193	406	3	suggests	suggest	VERB
ajfa-11193	406	4	that	that	SCONJ
ajfa-11193	406	5	small	small	ADJ
ajfa-11193	406	6	indonesian	indonesian	ADJ
ajfa-11193	406	7	real	real	ADJ
ajfa-11193	406	8	estate	estate	NOUN
ajfa-11193	406	9	companies	company	NOUN
ajfa-11193	406	10	should	should	AUX
ajfa-11193	406	11	have	have	VERB
ajfa-11193	406	12	better	well	ADJ
ajfa-11193	406	13	understanding	understanding	NOUN
ajfa-11193	406	14	of	of	ADP
ajfa-11193	406	15	the	the	DET
ajfa-11193	406	16	supplier	supplier	NOUN
ajfa-11193	406	17	’s	’s	PART
ajfa-11193	406	18	business	business	NOUN
ajfa-11193	406	19	to	to	PART
ajfa-11193	406	20	enable	enable	VERB
ajfa-11193	406	21	bargaining	bargaining	NOUN
ajfa-11193	406	22	for	for	ADP
ajfa-11193	406	23	longer	long	ADJ
ajfa-11193	406	24	payment	payment	NOUN
ajfa-11193	406	25	terms	term	NOUN
ajfa-11193	406	26	without	without	ADP
ajfa-11193	406	27	hurting	hurt	VERB
ajfa-11193	406	28	the	the	DET
ajfa-11193	406	29	relationship	relationship	NOUN
ajfa-11193	406	30	and	and	CCONJ
ajfa-11193	406	31	transactions	transaction	NOUN
ajfa-11193	406	32	.	.	PUNCT
ajfa-11193	407	1	the	the	DET
ajfa-11193	407	2	fe	fe	PROPN
ajfa-11193	407	3	model	model	NOUN
ajfa-11193	407	4	shows	show	VERB
ajfa-11193	407	5	that	that	SCONJ
ajfa-11193	407	6	current	current	ADJ
ajfa-11193	407	7	ratio	ratio	NOUN
ajfa-11193	407	8	has	have	VERB
ajfa-11193	407	9	a	a	DET
ajfa-11193	407	10	negative	negative	ADJ
ajfa-11193	407	11	relationship	relationship	NOUN
ajfa-11193	407	12	with	with	ADP
ajfa-11193	407	13	profitability	profitability	NOUN
ajfa-11193	407	14	,	,	PUNCT
ajfa-11193	407	15	which	which	PRON
ajfa-11193	407	16	is	be	AUX
ajfa-11193	407	17	similar	similar	ADJ
ajfa-11193	407	18	with	with	ADP
ajfa-11193	407	19	the	the	DET
ajfa-11193	407	20	ols	ols	NOUN
ajfa-11193	407	21	findings	finding	NOUN
ajfa-11193	407	22	for	for	ADP
ajfa-11193	407	23	the	the	DET
ajfa-11193	407	24	all	all	DET
ajfa-11193	407	25	companies	company	NOUN
ajfa-11193	407	26	group	group	NOUN
ajfa-11193	407	27	.	.	PUNCT
ajfa-11193	408	1	this	this	PRON
ajfa-11193	408	2	is	be	AUX
ajfa-11193	408	3	again	again	ADV
ajfa-11193	408	4	beyond	beyond	ADP
ajfa-11193	408	5	the	the	DET
ajfa-11193	408	6	expectations	expectation	NOUN
ajfa-11193	408	7	of	of	ADP
ajfa-11193	408	8	the	the	DET
ajfa-11193	408	9	study	study	NOUN
ajfa-11193	408	10	and	and	CCONJ
ajfa-11193	408	11	inconsistent	inconsistent	ADJ
ajfa-11193	408	12	with	with	ADP
ajfa-11193	408	13	the	the	DET
ajfa-11193	408	14	alternative	alternative	ADJ
ajfa-11193	408	15	hypothesis	hypothesis	NOUN
ajfa-11193	408	16	.	.	PUNCT
ajfa-11193	409	1	however	however	ADV
ajfa-11193	409	2	,	,	PUNCT
ajfa-11193	409	3	this	this	DET
ajfa-11193	409	4	result	result	NOUN
ajfa-11193	409	5	finds	find	VERB
ajfa-11193	409	6	support	support	NOUN
ajfa-11193	409	7	from	from	ADP
ajfa-11193	409	8	the	the	DET
ajfa-11193	409	9	previous	previous	ADJ
ajfa-11193	409	10	studies	study	NOUN
ajfa-11193	409	11	of	of	ADP
ajfa-11193	409	12	vieira	vieira	PROPN
ajfa-11193	409	13	(	(	PUNCT
ajfa-11193	409	14	2010	2010	NUM
ajfa-11193	409	15	)	)	PUNCT
ajfa-11193	409	16	,	,	PUNCT
ajfa-11193	409	17	and	and	CCONJ
ajfa-11193	409	18	pervan	pervan	NOUN
ajfa-11193	409	19	and	and	CCONJ
ajfa-11193	409	20	višić	višić	PROPN
ajfa-11193	409	21	(	(	PUNCT
ajfa-11193	409	22	2012	2012	NUM
ajfa-11193	409	23	)	)	PUNCT
ajfa-11193	409	24	explaining	explain	VERB
ajfa-11193	409	25	that	that	SCONJ
ajfa-11193	409	26	this	this	PRON
ajfa-11193	409	27	can	can	AUX
ajfa-11193	409	28	be	be	AUX
ajfa-11193	409	29	related	relate	VERB
ajfa-11193	409	30	with	with	ADP
ajfa-11193	409	31	piling	pile	VERB
ajfa-11193	409	32	inventories	inventory	NOUN
ajfa-11193	409	33	,	,	PUNCT
ajfa-11193	409	34	and	and	CCONJ
ajfa-11193	409	35	the	the	DET
ajfa-11193	409	36	reason	reason	NOUN
ajfa-11193	409	37	for	for	ADP
ajfa-11193	409	38	increasing	increase	VERB
ajfa-11193	409	39	maintenance	maintenance	NOUN
ajfa-11193	409	40	costs	cost	NOUN
ajfa-11193	409	41	especially	especially	ADV
ajfa-11193	409	42	for	for	ADP
ajfa-11193	409	43	small	small	ADJ
ajfa-11193	409	44	scale	scale	NOUN
ajfa-11193	409	45	realtors	realtor	NOUN
ajfa-11193	409	46	.	.	PUNCT
ajfa-11193	410	1	hence	hence	ADV
ajfa-11193	410	2	,	,	PUNCT
ajfa-11193	410	3	this	this	DET
ajfa-11193	410	4	paper	paper	NOUN
ajfa-11193	410	5	suggests	suggest	VERB
ajfa-11193	410	6	that	that	SCONJ
ajfa-11193	410	7	small	small	ADJ
ajfa-11193	410	8	indonesian	indonesian	ADJ
ajfa-11193	410	9	real	real	ADJ
ajfa-11193	410	10	estate	estate	NOUN
ajfa-11193	410	11	companies	company	NOUN
ajfa-11193	410	12	make	make	VERB
ajfa-11193	410	13	better	well	ADJ
ajfa-11193	410	14	and	and	CCONJ
ajfa-11193	410	15	more	more	ADV
ajfa-11193	410	16	efficient	efficient	ADJ
ajfa-11193	410	17	demand	demand	NOUN
ajfa-11193	410	18	forecast	forecast	NOUN
ajfa-11193	410	19	to	to	PART
ajfa-11193	410	20	reduce	reduce	VERB
ajfa-11193	410	21	overstocks	overstock	NOUN
ajfa-11193	410	22	of	of	ADP
ajfa-11193	410	23	real	real	ADJ
ajfa-11193	410	24	estate	estate	NOUN
ajfa-11193	410	25	inventories	inventory	NOUN
ajfa-11193	410	26	.	.	PUNCT
ajfa-11193	411	1	sales	sale	NOUN
ajfa-11193	411	2	growth	growth	NOUN
ajfa-11193	411	3	has	have	VERB
ajfa-11193	411	4	positive	positive	ADJ
ajfa-11193	411	5	significant	significant	ADJ
ajfa-11193	411	6	relationship	relationship	NOUN
ajfa-11193	411	7	with	with	ADP
ajfa-11193	411	8	profitability	profitability	NOUN
ajfa-11193	411	9	based	base	VERB
ajfa-11193	411	10	on	on	ADP
ajfa-11193	411	11	the	the	DET
ajfa-11193	411	12	fe	fe	PROPN
ajfa-11193	411	13	model	model	NOUN
ajfa-11193	411	14	,	,	PUNCT
ajfa-11193	411	15	and	and	CCONJ
ajfa-11193	411	16	similar	similar	ADJ
ajfa-11193	411	17	with	with	ADP
ajfa-11193	411	18	the	the	DET
ajfa-11193	411	19	results	result	NOUN
ajfa-11193	411	20	for	for	ADP
ajfa-11193	411	21	large	large	ADJ
ajfa-11193	411	22	real	real	ADJ
ajfa-11193	411	23	estate	estate	NOUN
ajfa-11193	411	24	group	group	NOUN
ajfa-11193	411	25	.	.	PUNCT
ajfa-11193	412	1	this	this	DET
ajfa-11193	412	2	finding	finding	NOUN
ajfa-11193	412	3	also	also	ADV
ajfa-11193	412	4	corresponds	correspond	VERB
ajfa-11193	412	5	to	to	ADP
ajfa-11193	412	6	the	the	DET
ajfa-11193	412	7	alternative	alternative	ADJ
ajfa-11193	412	8	hypothesis	hypothesis	NOUN
ajfa-11193	412	9	and	and	CCONJ
ajfa-11193	412	10	supports	support	VERB
ajfa-11193	412	11	the	the	DET
ajfa-11193	412	12	findings	finding	NOUN
ajfa-11193	412	13	of	of	ADP
ajfa-11193	412	14	garcia	garcia	PROPN
ajfa-11193	412	15	-	-	PUNCT
ajfa-11193	412	16	teruel	teruel	PROPN
ajfa-11193	412	17	and	and	CCONJ
ajfa-11193	412	18	martinez	martinez	PROPN
ajfa-11193	412	19	-	-	PUNCT
ajfa-11193	412	20	solano	solano	PROPN
ajfa-11193	412	21	(	(	PUNCT
ajfa-11193	412	22	2007	2007	NUM
ajfa-11193	412	23	)	)	PUNCT
ajfa-11193	412	24	,	,	PUNCT
ajfa-11193	412	25	and	and	CCONJ
ajfa-11193	412	26	limbago	limbago	PROPN
ajfa-11193	412	27	and	and	CCONJ
ajfa-11193	412	28	juniarti	juniarti	PROPN
ajfa-11193	412	29	(	(	PUNCT
ajfa-11193	412	30	2014	2014	NUM
ajfa-11193	412	31	)	)	PUNCT
ajfa-11193	412	32	.	.	PUNCT
ajfa-11193	413	1	the	the	DET
ajfa-11193	413	2	literature	literature	NOUN
ajfa-11193	413	3	explains	explain	VERB
ajfa-11193	413	4	that	that	SCONJ
ajfa-11193	413	5	higher	high	ADJ
ajfa-11193	413	6	sales	sale	NOUN
ajfa-11193	413	7	are	be	AUX
ajfa-11193	413	8	expected	expect	VERB
ajfa-11193	413	9	to	to	PART
ajfa-11193	413	10	generate	generate	VERB
ajfa-11193	413	11	higher	high	ADJ
ajfa-11193	413	12	profit	profit	NOUN
ajfa-11193	413	13	.	.	PUNCT
ajfa-11193	414	1	the	the	DET
ajfa-11193	414	2	study	study	NOUN
ajfa-11193	414	3	suggests	suggest	VERB
ajfa-11193	414	4	that	that	SCONJ
ajfa-11193	414	5	small	small	ADJ
ajfa-11193	414	6	real	real	ADJ
ajfa-11193	414	7	estate	estate	NOUN
ajfa-11193	414	8	companies	company	NOUN
ajfa-11193	414	9	should	should	AUX
ajfa-11193	414	10	be	be	AUX
ajfa-11193	414	11	more	more	ADV
ajfa-11193	414	12	aggressive	aggressive	ADJ
ajfa-11193	414	13	in	in	ADP
ajfa-11193	414	14	tapping	tap	VERB
ajfa-11193	414	15	new	new	ADJ
ajfa-11193	414	16	markets	market	NOUN
ajfa-11193	414	17	and	and	CCONJ
ajfa-11193	414	18	in	in	ADP
ajfa-11193	414	19	increasing	increase	VERB
ajfa-11193	414	20	the	the	DET
ajfa-11193	414	21	sales	sale	NOUN
ajfa-11193	414	22	through	through	ADP
ajfa-11193	414	23	innovative	innovative	ADJ
ajfa-11193	414	24	marketing	marketing	NOUN
ajfa-11193	414	25	strategy	strategy	NOUN
ajfa-11193	414	26	,	,	PUNCT
ajfa-11193	414	27	such	such	ADJ
ajfa-11193	414	28	as	as	ADP
ajfa-11193	414	29	special	special	ADJ
ajfa-11193	414	30	offers	offer	NOUN
ajfa-11193	414	31	and	and	CCONJ
ajfa-11193	414	32	discounts	discount	NOUN
ajfa-11193	414	33	.	.	PUNCT
ajfa-11193	415	1	in	in	ADP
ajfa-11193	415	2	comparing	compare	VERB
ajfa-11193	415	3	the	the	DET
ajfa-11193	415	4	findings	finding	NOUN
ajfa-11193	415	5	of	of	ADP
ajfa-11193	415	6	the	the	DET
ajfa-11193	415	7	ols	ol	NOUN
ajfa-11193	415	8	and	and	CCONJ
ajfa-11193	415	9	fe	fe	NOUN
ajfa-11193	415	10	models	model	NOUN
ajfa-11193	415	11	,	,	PUNCT
ajfa-11193	415	12	this	this	DET
ajfa-11193	415	13	study	study	NOUN
ajfa-11193	415	14	prefers	prefer	VERB
ajfa-11193	415	15	the	the	DET
ajfa-11193	415	16	results	result	NOUN
ajfa-11193	415	17	of	of	ADP
ajfa-11193	415	18	the	the	DET
ajfa-11193	415	19	fe	fe	PROPN
ajfa-11193	415	20	model	model	NOUN
ajfa-11193	415	21	as	as	ADP
ajfa-11193	415	22	the	the	DET
ajfa-11193	415	23	better	well	ADJ
ajfa-11193	415	24	fitting	fitting	ADJ
ajfa-11193	415	25	model	model	NOUN
ajfa-11193	415	26	for	for	ADP
ajfa-11193	415	27	small	small	ADJ
ajfa-11193	415	28	indonesian	indonesian	ADJ
ajfa-11193	415	29	real	real	ADJ
ajfa-11193	415	30	estate	estate	NOUN
ajfa-11193	415	31	companies	company	NOUN
ajfa-11193	415	32	group	group	NOUN
ajfa-11193	415	33	,	,	PUNCT
ajfa-11193	415	34	because	because	SCONJ
ajfa-11193	415	35	of	of	ADP
ajfa-11193	415	36	the	the	DET
ajfa-11193	415	37	higher	high	ADJ
ajfa-11193	415	38	log	log	NOUN
ajfa-11193	415	39	-	-	PUNCT
ajfa-11193	415	40	likelihood	likelihood	NOUN
ajfa-11193	415	41	value	value	NOUN
ajfa-11193	415	42	.	.	PUNCT
ajfa-11193	416	1	asian	asian	ADJ
ajfa-11193	416	2	journal	journal	PROPN
ajfa-11193	416	3	of	of	ADP
ajfa-11193	416	4	finance	finance	PROPN
ajfa-11193	416	5	&	&	CCONJ
ajfa-11193	416	6	accounting	accounting	PROPN
ajfa-11193	416	7	issn	issn	PROPN
ajfa-11193	416	8	1946	1946	NUM
ajfa-11193	416	9	-	-	PUNCT
ajfa-11193	416	10	052x	052x	PROPN
ajfa-11193	416	11	2017	2017	NUM
ajfa-11193	416	12	,	,	PUNCT
ajfa-11193	416	13	vol	vol	NOUN
ajfa-11193	416	14	.	.	NOUN
ajfa-11193	416	15	9	9	NUM
ajfa-11193	416	16	,	,	PUNCT
ajfa-11193	416	17	no	no	INTJ
ajfa-11193	416	18	.	.	NOUN
ajfa-11193	416	19	1	1	NUM
ajfa-11193	416	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	416	21	421	421	NUM
ajfa-11193	416	22	6	6	NUM
ajfa-11193	416	23	.	.	PUNCT
ajfa-11193	416	24	conclusions	conclusion	NOUN
ajfa-11193	416	25	and	and	CCONJ
ajfa-11193	416	26	limitations	limitation	NOUN
ajfa-11193	416	27	the	the	DET
ajfa-11193	416	28	paper	paper	NOUN
ajfa-11193	416	29	determines	determine	VERB
ajfa-11193	416	30	the	the	DET
ajfa-11193	416	31	effects	effect	NOUN
ajfa-11193	416	32	of	of	ADP
ajfa-11193	416	33	eight	eight	NUM
ajfa-11193	416	34	firm	firm	ADJ
ajfa-11193	416	35	-	-	PUNCT
ajfa-11193	416	36	specific	specific	ADJ
ajfa-11193	416	37	factors	factor	NOUN
ajfa-11193	416	38	on	on	ADP
ajfa-11193	416	39	the	the	DET
ajfa-11193	416	40	profitability	profitability	NOUN
ajfa-11193	416	41	of	of	ADP
ajfa-11193	416	42	large-	large-	ADV
ajfa-11193	416	43	,	,	PUNCT
ajfa-11193	416	44	medium-	medium-	ADJ
ajfa-11193	416	45	,	,	PUNCT
ajfa-11193	416	46	and	and	CCONJ
ajfa-11193	416	47	small	small	ADJ
ajfa-11193	416	48	-	-	PUNCT
ajfa-11193	416	49	scale	scale	NOUN
ajfa-11193	416	50	real	real	ADJ
ajfa-11193	416	51	estate	estate	NOUN
ajfa-11193	416	52	indonesian	indonesian	ADJ
ajfa-11193	416	53	companies	company	NOUN
ajfa-11193	416	54	.	.	PUNCT
ajfa-11193	417	1	the	the	DET
ajfa-11193	417	2	study	study	NOUN
ajfa-11193	417	3	used	use	VERB
ajfa-11193	417	4	forty	forty	NUM
ajfa-11193	417	5	-	-	PUNCT
ajfa-11193	417	6	seven	seven	NUM
ajfa-11193	417	7	real	real	ADJ
ajfa-11193	417	8	estate	estate	NOUN
ajfa-11193	417	9	companies	company	NOUN
ajfa-11193	417	10	listed	list	VERB
ajfa-11193	417	11	in	in	ADP
ajfa-11193	417	12	the	the	DET
ajfa-11193	417	13	indonesian	indonesian	ADJ
ajfa-11193	417	14	stock	stock	PROPN
ajfa-11193	417	15	exchange	exchange	PROPN
ajfa-11193	417	16	,	,	PUNCT
ajfa-11193	417	17	using	use	VERB
ajfa-11193	417	18	three	three	NUM
ajfa-11193	417	19	multiple	multiple	ADJ
ajfa-11193	417	20	linear	linear	ADJ
ajfa-11193	417	21	panel	panel	NOUN
ajfa-11193	417	22	regression	regression	NOUN
ajfa-11193	417	23	models	model	NOUN
ajfa-11193	417	24	(	(	PUNCT
ajfa-11193	417	25	i.e	i.e	PROPN
ajfa-11193	417	26	,	,	PUNCT
ajfa-11193	417	27	ols	ols	PROPN
ajfa-11193	417	28	,	,	PUNCT
ajfa-11193	417	29	fe	fe	X
ajfa-11193	417	30	and	and	CCONJ
ajfa-11193	417	31	re	re	NOUN
ajfa-11193	417	32	models	model	NOUN
ajfa-11193	417	33	)	)	PUNCT
ajfa-11193	417	34	in	in	ADP
ajfa-11193	417	35	examining	examine	VERB
ajfa-11193	417	36	the	the	DET
ajfa-11193	417	37	effect	effect	NOUN
ajfa-11193	417	38	on	on	ADP
ajfa-11193	417	39	the	the	DET
ajfa-11193	417	40	roa	roa	NOUN
ajfa-11193	417	41	.	.	PUNCT
ajfa-11193	418	1	this	this	DET
ajfa-11193	418	2	study	study	NOUN
ajfa-11193	418	3	found	find	VERB
ajfa-11193	418	4	that	that	SCONJ
ajfa-11193	418	5	the	the	DET
ajfa-11193	418	6	number	number	NOUN
ajfa-11193	418	7	of	of	ADP
ajfa-11193	418	8	days	day	NOUN
ajfa-11193	418	9	account	account	NOUN
ajfa-11193	418	10	receivable	receivable	NOUN
ajfa-11193	418	11	has	have	VERB
ajfa-11193	418	12	negative	negative	ADJ
ajfa-11193	418	13	relationship	relationship	NOUN
ajfa-11193	418	14	to	to	ADP
ajfa-11193	418	15	profitability	profitability	NOUN
ajfa-11193	418	16	;	;	PUNCT
ajfa-11193	418	17	and	and	CCONJ
ajfa-11193	418	18	it	it	PRON
ajfa-11193	418	19	is	be	AUX
ajfa-11193	418	20	advised	advise	VERB
ajfa-11193	418	21	that	that	SCONJ
ajfa-11193	418	22	real	real	ADJ
ajfa-11193	418	23	estate	estate	NOUN
ajfa-11193	418	24	companies	company	NOUN
ajfa-11193	418	25	shorten	shorten	VERB
ajfa-11193	418	26	their	their	PRON
ajfa-11193	418	27	number	number	NOUN
ajfa-11193	418	28	of	of	ADP
ajfa-11193	418	29	days	day	NOUN
ajfa-11193	418	30	account	account	NOUN
ajfa-11193	418	31	receivable	receivable	ADJ
ajfa-11193	418	32	by	by	ADP
ajfa-11193	418	33	encouraging	encourage	VERB
ajfa-11193	418	34	customers	customer	NOUN
ajfa-11193	418	35	to	to	PART
ajfa-11193	418	36	pay	pay	VERB
ajfa-11193	418	37	early	early	ADV
ajfa-11193	418	38	through	through	ADP
ajfa-11193	418	39	payment	payment	NOUN
ajfa-11193	418	40	discounts	discount	NOUN
ajfa-11193	418	41	.	.	PUNCT
ajfa-11193	419	1	the	the	DET
ajfa-11193	419	2	number	number	NOUN
ajfa-11193	419	3	of	of	ADP
ajfa-11193	419	4	days	day	NOUN
ajfa-11193	419	5	inventories	inventory	NOUN
ajfa-11193	419	6	has	have	VERB
ajfa-11193	419	7	positive	positive	ADJ
ajfa-11193	419	8	relationship	relationship	NOUN
ajfa-11193	419	9	,	,	PUNCT
ajfa-11193	419	10	and	and	CCONJ
ajfa-11193	419	11	it	it	PRON
ajfa-11193	419	12	is	be	AUX
ajfa-11193	419	13	suggested	suggest	VERB
ajfa-11193	419	14	that	that	SCONJ
ajfa-11193	419	15	real	real	ADJ
ajfa-11193	419	16	estate	estate	NOUN
ajfa-11193	419	17	companies	company	NOUN
ajfa-11193	419	18	can	can	AUX
ajfa-11193	419	19	have	have	VERB
ajfa-11193	419	20	a	a	DET
ajfa-11193	419	21	healthier	healthy	ADJ
ajfa-11193	419	22	level	level	NOUN
ajfa-11193	419	23	of	of	ADP
ajfa-11193	419	24	inventories	inventory	NOUN
ajfa-11193	419	25	to	to	PART
ajfa-11193	419	26	prevent	prevent	VERB
ajfa-11193	419	27	stock	stock	NOUN
ajfa-11193	419	28	-	-	PUNCT
ajfa-11193	419	29	out	out	NOUN
ajfa-11193	419	30	,	,	PUNCT
ajfa-11193	419	31	especially	especially	ADV
ajfa-11193	419	32	for	for	ADP
ajfa-11193	419	33	large	large	ADJ
ajfa-11193	419	34	companies	company	NOUN
ajfa-11193	419	35	that	that	PRON
ajfa-11193	419	36	are	be	AUX
ajfa-11193	419	37	more	more	ADV
ajfa-11193	419	38	capable	capable	ADJ
ajfa-11193	419	39	of	of	ADP
ajfa-11193	419	40	covering	cover	VERB
ajfa-11193	419	41	maintenance	maintenance	NOUN
ajfa-11193	419	42	costs	cost	NOUN
ajfa-11193	419	43	.	.	PUNCT
ajfa-11193	420	1	on	on	ADP
ajfa-11193	420	2	the	the	DET
ajfa-11193	420	3	contrary	contrary	NOUN
ajfa-11193	420	4	,	,	PUNCT
ajfa-11193	420	5	small	small	ADJ
ajfa-11193	420	6	indonesian	indonesian	ADJ
ajfa-11193	420	7	real	real	ADJ
ajfa-11193	420	8	estate	estate	NOUN
ajfa-11193	420	9	companies	company	NOUN
ajfa-11193	420	10	are	be	AUX
ajfa-11193	420	11	suggested	suggest	VERB
ajfa-11193	420	12	to	to	PART
ajfa-11193	420	13	shorten	shorten	VERB
ajfa-11193	420	14	the	the	DET
ajfa-11193	420	15	period	period	NOUN
ajfa-11193	420	16	of	of	ADP
ajfa-11193	420	17	keeping	keep	VERB
ajfa-11193	420	18	inventories	inventory	NOUN
ajfa-11193	420	19	by	by	ADP
ajfa-11193	420	20	calculating	calculate	VERB
ajfa-11193	420	21	the	the	DET
ajfa-11193	420	22	average	average	ADJ
ajfa-11193	420	23	inventory	inventory	NOUN
ajfa-11193	420	24	conversion	conversion	NOUN
ajfa-11193	420	25	period	period	NOUN
ajfa-11193	420	26	to	to	PART
ajfa-11193	420	27	forecast	forecast	VERB
ajfa-11193	420	28	the	the	DET
ajfa-11193	420	29	most	most	ADV
ajfa-11193	420	30	suitable	suitable	ADJ
ajfa-11193	420	31	time	time	NOUN
ajfa-11193	420	32	in	in	ADP
ajfa-11193	420	33	selling	sell	VERB
ajfa-11193	420	34	up	up	ADP
ajfa-11193	420	35	inventories	inventory	NOUN
ajfa-11193	420	36	with	with	ADP
ajfa-11193	420	37	respect	respect	NOUN
ajfa-11193	420	38	to	to	ADP
ajfa-11193	420	39	seasonal	seasonal	ADJ
ajfa-11193	420	40	demands	demand	NOUN
ajfa-11193	420	41	.	.	PUNCT
ajfa-11193	421	1	indonesian	indonesian	ADJ
ajfa-11193	421	2	real	real	ADJ
ajfa-11193	421	3	estate	estate	NOUN
ajfa-11193	421	4	companies	company	NOUN
ajfa-11193	421	5	are	be	AUX
ajfa-11193	421	6	recommended	recommend	VERB
ajfa-11193	421	7	to	to	PART
ajfa-11193	421	8	have	have	VERB
ajfa-11193	421	9	a	a	DET
ajfa-11193	421	10	better	well	ADJ
ajfa-11193	421	11	understanding	understanding	NOUN
ajfa-11193	421	12	of	of	ADP
ajfa-11193	421	13	the	the	DET
ajfa-11193	421	14	supplier	supplier	NOUN
ajfa-11193	421	15	’s	’s	PART
ajfa-11193	421	16	business	business	NOUN
ajfa-11193	421	17	cycle	cycle	NOUN
ajfa-11193	421	18	to	to	PART
ajfa-11193	421	19	have	have	AUX
ajfa-11193	421	20	better	well	ADJ
ajfa-11193	421	21	negotiations	negotiation	NOUN
ajfa-11193	421	22	for	for	ADP
ajfa-11193	421	23	longer	long	ADJ
ajfa-11193	421	24	payment	payment	NOUN
ajfa-11193	421	25	terms	term	NOUN
ajfa-11193	421	26	,	,	PUNCT
ajfa-11193	421	27	because	because	SCONJ
ajfa-11193	421	28	the	the	DET
ajfa-11193	421	29	number	number	NOUN
ajfa-11193	421	30	of	of	ADP
ajfa-11193	421	31	days	day	NOUN
ajfa-11193	421	32	account	account	NOUN
ajfa-11193	421	33	payable	payable	ADJ
ajfa-11193	421	34	has	have	VERB
ajfa-11193	421	35	positive	positive	ADJ
ajfa-11193	421	36	relationship	relationship	NOUN
ajfa-11193	421	37	to	to	ADP
ajfa-11193	421	38	profitability	profitability	NOUN
ajfa-11193	421	39	.	.	PUNCT
ajfa-11193	422	1	size	size	NOUN
ajfa-11193	422	2	and	and	CCONJ
ajfa-11193	422	3	sales	sale	NOUN
ajfa-11193	422	4	growth	growth	NOUN
ajfa-11193	422	5	have	have	VERB
ajfa-11193	422	6	consistent	consistent	ADJ
ajfa-11193	422	7	positive	positive	ADJ
ajfa-11193	422	8	relationship	relationship	NOUN
ajfa-11193	422	9	to	to	ADP
ajfa-11193	422	10	profitability	profitability	NOUN
ajfa-11193	422	11	,	,	PUNCT
ajfa-11193	422	12	which	which	PRON
ajfa-11193	422	13	means	mean	VERB
ajfa-11193	422	14	that	that	SCONJ
ajfa-11193	422	15	larger	large	ADJ
ajfa-11193	422	16	asset	asset	NOUN
ajfa-11193	422	17	base	base	NOUN
ajfa-11193	422	18	is	be	AUX
ajfa-11193	422	19	beneficial	beneficial	ADJ
ajfa-11193	422	20	because	because	SCONJ
ajfa-11193	422	21	it	it	PRON
ajfa-11193	422	22	can	can	AUX
ajfa-11193	422	23	optimize	optimize	VERB
ajfa-11193	422	24	operations	operation	NOUN
ajfa-11193	422	25	,	,	PUNCT
ajfa-11193	422	26	and	and	CCONJ
ajfa-11193	422	27	benefits	benefit	NOUN
ajfa-11193	422	28	from	from	ADP
ajfa-11193	422	29	having	have	VERB
ajfa-11193	422	30	larger	large	ADJ
ajfa-11193	422	31	network	network	NOUN
ajfa-11193	422	32	and	and	CCONJ
ajfa-11193	422	33	higher	high	ADJ
ajfa-11193	422	34	market	market	NOUN
ajfa-11193	422	35	power	power	NOUN
ajfa-11193	422	36	.	.	PUNCT
ajfa-11193	423	1	in	in	ADP
ajfa-11193	423	2	line	line	NOUN
ajfa-11193	423	3	with	with	ADP
ajfa-11193	423	4	this	this	PRON
ajfa-11193	423	5	,	,	PUNCT
ajfa-11193	423	6	this	this	DET
ajfa-11193	423	7	paper	paper	NOUN
ajfa-11193	423	8	earlier	early	ADV
ajfa-11193	423	9	suggested	suggest	VERB
ajfa-11193	423	10	that	that	SCONJ
ajfa-11193	423	11	indonesian	indonesian	ADJ
ajfa-11193	423	12	real	real	ADJ
ajfa-11193	423	13	estate	estate	NOUN
ajfa-11193	423	14	companies	company	NOUN
ajfa-11193	423	15	should	should	AUX
ajfa-11193	423	16	efficiently	efficiently	ADV
ajfa-11193	423	17	acquire	acquire	VERB
ajfa-11193	423	18	for	for	ADP
ajfa-11193	423	19	more	more	ADJ
ajfa-11193	423	20	productive	productive	ADJ
ajfa-11193	423	21	equipment	equipment	NOUN
ajfa-11193	423	22	or	or	CCONJ
ajfa-11193	423	23	sell	sell	NOUN
ajfa-11193	423	24	equipment	equipment	NOUN
ajfa-11193	423	25	that	that	PRON
ajfa-11193	423	26	is	be	AUX
ajfa-11193	423	27	no	no	PRON
ajfa-11193	423	28	longer	long	ADV
ajfa-11193	423	29	productive	productive	ADJ
ajfa-11193	423	30	.	.	PUNCT
ajfa-11193	424	1	this	this	PRON
ajfa-11193	424	2	is	be	AUX
ajfa-11193	424	3	consistent	consistent	ADJ
ajfa-11193	424	4	to	to	ADP
ajfa-11193	424	5	the	the	DET
ajfa-11193	424	6	tangibility	tangibility	NOUN
ajfa-11193	424	7	factor	factor	NOUN
ajfa-11193	424	8	having	have	VERB
ajfa-11193	424	9	a	a	DET
ajfa-11193	424	10	negative	negative	ADJ
ajfa-11193	424	11	relationship	relationship	NOUN
ajfa-11193	424	12	to	to	ADP
ajfa-11193	424	13	profitability	profitability	NOUN
ajfa-11193	424	14	.	.	PUNCT
ajfa-11193	425	1	minimizing	minimize	VERB
ajfa-11193	425	2	the	the	DET
ajfa-11193	425	3	procurement	procurement	NOUN
ajfa-11193	425	4	of	of	ADP
ajfa-11193	425	5	unproductive	unproductive	ADJ
ajfa-11193	425	6	property	property	NOUN
ajfa-11193	425	7	,	,	PUNCT
ajfa-11193	425	8	plant	plant	NOUN
ajfa-11193	425	9	and	and	CCONJ
ajfa-11193	425	10	equipment	equipment	NOUN
ajfa-11193	425	11	leads	lead	VERB
ajfa-11193	425	12	to	to	ADP
ajfa-11193	425	13	lower	low	ADJ
ajfa-11193	425	14	costs	cost	NOUN
ajfa-11193	425	15	and	and	CCONJ
ajfa-11193	425	16	savings	saving	NOUN
ajfa-11193	425	17	in	in	ADP
ajfa-11193	425	18	the	the	DET
ajfa-11193	425	19	future	future	NOUN
ajfa-11193	425	20	.	.	PUNCT
ajfa-11193	426	1	however	however	ADV
ajfa-11193	426	2	,	,	PUNCT
ajfa-11193	426	3	for	for	ADP
ajfa-11193	426	4	medium	medium	ADJ
ajfa-11193	426	5	-	-	PUNCT
ajfa-11193	426	6	size	size	NOUN
ajfa-11193	426	7	indonesian	indonesian	ADJ
ajfa-11193	426	8	real	real	ADJ
ajfa-11193	426	9	estate	estate	NOUN
ajfa-11193	426	10	companies	company	NOUN
ajfa-11193	426	11	,	,	PUNCT
ajfa-11193	426	12	it	it	PRON
ajfa-11193	426	13	suggested	suggest	VERB
ajfa-11193	426	14	to	to	PART
ajfa-11193	426	15	raise	raise	VERB
ajfa-11193	426	16	their	their	PRON
ajfa-11193	426	17	fixed	fix	VERB
ajfa-11193	426	18	assets	asset	NOUN
ajfa-11193	426	19	that	that	PRON
ajfa-11193	426	20	are	be	AUX
ajfa-11193	426	21	valuable	valuable	ADJ
ajfa-11193	426	22	as	as	ADP
ajfa-11193	426	23	loan	loan	NOUN
ajfa-11193	426	24	collateral	collateral	NOUN
ajfa-11193	426	25	,	,	PUNCT
ajfa-11193	426	26	because	because	SCONJ
ajfa-11193	426	27	the	the	DET
ajfa-11193	426	28	results	result	NOUN
ajfa-11193	426	29	show	show	VERB
ajfa-11193	426	30	tangibility	tangibility	NOUN
ajfa-11193	426	31	having	have	VERB
ajfa-11193	426	32	a	a	DET
ajfa-11193	426	33	positive	positive	ADJ
ajfa-11193	426	34	relationship	relationship	NOUN
ajfa-11193	426	35	with	with	ADP
ajfa-11193	426	36	profitability	profitability	NOUN
ajfa-11193	426	37	.	.	PUNCT
ajfa-11193	427	1	current	current	ADJ
ajfa-11193	427	2	ratio	ratio	NOUN
ajfa-11193	427	3	having	have	VERB
ajfa-11193	427	4	a	a	DET
ajfa-11193	427	5	negative	negative	ADJ
ajfa-11193	427	6	relationship	relationship	NOUN
ajfa-11193	427	7	with	with	ADP
ajfa-11193	427	8	profitability	profitability	NOUN
ajfa-11193	427	9	for	for	ADP
ajfa-11193	427	10	all	all	DET
ajfa-11193	427	11	and	and	CCONJ
ajfa-11193	427	12	small	small	ADJ
ajfa-11193	427	13	real	real	ADJ
ajfa-11193	427	14	estate	estate	NOUN
ajfa-11193	427	15	companies	company	NOUN
ajfa-11193	427	16	groups	group	NOUN
ajfa-11193	427	17	is	be	AUX
ajfa-11193	427	18	beyond	beyond	ADP
ajfa-11193	427	19	the	the	DET
ajfa-11193	427	20	expectations	expectation	NOUN
ajfa-11193	427	21	of	of	ADP
ajfa-11193	427	22	this	this	DET
ajfa-11193	427	23	research	research	NOUN
ajfa-11193	427	24	.	.	PUNCT
ajfa-11193	428	1	however	however	ADV
ajfa-11193	428	2	,	,	PUNCT
ajfa-11193	428	3	this	this	DET
ajfa-11193	428	4	study	study	NOUN
ajfa-11193	428	5	posits	posit	NOUN
ajfa-11193	428	6	that	that	SCONJ
ajfa-11193	428	7	this	this	DET
ajfa-11193	428	8	relationship	relationship	NOUN
ajfa-11193	428	9	is	be	AUX
ajfa-11193	428	10	inventory	inventory	NOUN
ajfa-11193	428	11	-	-	PUNCT
ajfa-11193	428	12	based	base	VERB
ajfa-11193	428	13	,	,	PUNCT
ajfa-11193	428	14	and	and	CCONJ
ajfa-11193	428	15	it	it	PRON
ajfa-11193	428	16	is	be	AUX
ajfa-11193	428	17	advised	advise	VERB
ajfa-11193	428	18	that	that	SCONJ
ajfa-11193	428	19	indonesian	indonesian	ADJ
ajfa-11193	428	20	real	real	ADJ
ajfa-11193	428	21	estate	estate	NOUN
ajfa-11193	428	22	companies	company	NOUN
ajfa-11193	428	23	should	should	AUX
ajfa-11193	428	24	to	to	PART
ajfa-11193	428	25	pull	pull	VERB
ajfa-11193	428	26	down	down	ADP
ajfa-11193	428	27	the	the	DET
ajfa-11193	428	28	cost	cost	NOUN
ajfa-11193	428	29	of	of	ADP
ajfa-11193	428	30	inventories	inventory	NOUN
ajfa-11193	428	31	by	by	ADP
ajfa-11193	428	32	making	make	VERB
ajfa-11193	428	33	routine	routine	ADJ
ajfa-11193	428	34	demand	demand	NOUN
ajfa-11193	428	35	forecasting	forecasting	NOUN
ajfa-11193	428	36	to	to	PART
ajfa-11193	428	37	reduce	reduce	VERB
ajfa-11193	428	38	overstock	overstock	NOUN
ajfa-11193	428	39	or	or	CCONJ
ajfa-11193	428	40	backorders	backorder	NOUN
ajfa-11193	428	41	,	,	PUNCT
ajfa-11193	428	42	but	but	CCONJ
ajfa-11193	428	43	should	should	AUX
ajfa-11193	428	44	still	still	ADV
ajfa-11193	428	45	maintain	maintain	VERB
ajfa-11193	428	46	a	a	DET
ajfa-11193	428	47	reasonable	reasonable	ADJ
ajfa-11193	428	48	amount	amount	NOUN
ajfa-11193	428	49	of	of	ADP
ajfa-11193	428	50	cash	cash	NOUN
ajfa-11193	428	51	to	to	PART
ajfa-11193	428	52	support	support	VERB
ajfa-11193	428	53	a	a	DET
ajfa-11193	428	54	smooth	smooth	NOUN
ajfa-11193	428	55	-	-	PUNCT
ajfa-11193	428	56	running	running	NOUN
ajfa-11193	428	57	of	of	ADP
ajfa-11193	428	58	day	day	NOUN
ajfa-11193	428	59	-	-	PUNCT
ajfa-11193	428	60	to	to	ADP
ajfa-11193	428	61	-	-	PUNCT
ajfa-11193	428	62	day	day	NOUN
ajfa-11193	428	63	operations	operation	NOUN
ajfa-11193	428	64	.	.	PUNCT
ajfa-11193	429	1	however	however	ADV
ajfa-11193	429	2	,	,	PUNCT
ajfa-11193	429	3	a	a	DET
ajfa-11193	429	4	positive	positive	ADJ
ajfa-11193	429	5	relationship	relationship	NOUN
ajfa-11193	429	6	prevailed	prevail	VERB
ajfa-11193	429	7	for	for	ADP
ajfa-11193	429	8	large	large	ADJ
ajfa-11193	429	9	companies	company	NOUN
ajfa-11193	429	10	,	,	PUNCT
ajfa-11193	429	11	and	and	CCONJ
ajfa-11193	429	12	the	the	DET
ajfa-11193	429	13	paper	paper	NOUN
ajfa-11193	429	14	suggested	suggest	VERB
ajfa-11193	429	15	to	to	PART
ajfa-11193	429	16	maintain	maintain	VERB
ajfa-11193	429	17	a	a	DET
ajfa-11193	429	18	higher	high	ADJ
ajfa-11193	429	19	ratio	ratio	NOUN
ajfa-11193	429	20	by	by	ADP
ajfa-11193	429	21	keeping	keep	VERB
ajfa-11193	429	22	current	current	ADJ
ajfa-11193	429	23	assets	asset	NOUN
ajfa-11193	429	24	revolving	revolve	VERB
ajfa-11193	429	25	,	,	PUNCT
ajfa-11193	429	26	particularly	particularly	ADV
ajfa-11193	429	27	ars	ar	NOUN
ajfa-11193	429	28	and	and	CCONJ
ajfa-11193	429	29	inventories	inventory	NOUN
ajfa-11193	429	30	and	and	CCONJ
ajfa-11193	429	31	paying	pay	VERB
ajfa-11193	429	32	off	off	ADP
ajfa-11193	429	33	liabilities	liability	NOUN
ajfa-11193	429	34	,	,	PUNCT
ajfa-11193	429	35	especially	especially	ADV
ajfa-11193	429	36	those	those	PRON
ajfa-11193	429	37	with	with	ADP
ajfa-11193	429	38	higher	high	ADJ
ajfa-11193	429	39	interest	interest	NOUN
ajfa-11193	429	40	rates	rate	NOUN
ajfa-11193	429	41	whenever	whenever	SCONJ
ajfa-11193	429	42	necessary	necessary	ADJ
ajfa-11193	429	43	.	.	PUNCT
ajfa-11193	430	1	in	in	ADP
ajfa-11193	430	2	line	line	NOUN
ajfa-11193	430	3	with	with	ADP
ajfa-11193	430	4	this	this	PRON
ajfa-11193	430	5	,	,	PUNCT
ajfa-11193	430	6	the	the	DET
ajfa-11193	430	7	paper	paper	NOUN
ajfa-11193	430	8	also	also	ADV
ajfa-11193	430	9	recommended	recommend	VERB
ajfa-11193	430	10	that	that	SCONJ
ajfa-11193	430	11	indonesian	indonesian	ADJ
ajfa-11193	430	12	real	real	ADJ
ajfa-11193	430	13	estate	estate	NOUN
ajfa-11193	430	14	companies	company	NOUN
ajfa-11193	430	15	maintain	maintain	VERB
ajfa-11193	430	16	lower	low	ADJ
ajfa-11193	430	17	amount	amount	NOUN
ajfa-11193	430	18	of	of	ADP
ajfa-11193	430	19	debt	debt	NOUN
ajfa-11193	430	20	,	,	PUNCT
ajfa-11193	430	21	because	because	SCONJ
ajfa-11193	430	22	debt	debt	NOUN
ajfa-11193	430	23	ratio	ratio	NOUN
ajfa-11193	430	24	has	have	VERB
ajfa-11193	430	25	negative	negative	ADJ
ajfa-11193	430	26	relationship	relationship	NOUN
ajfa-11193	430	27	to	to	ADP
ajfa-11193	430	28	profitability	profitability	NOUN
ajfa-11193	430	29	.	.	PUNCT
ajfa-11193	431	1	this	this	DET
ajfa-11193	431	2	suggestion	suggestion	NOUN
ajfa-11193	431	3	also	also	ADV
ajfa-11193	431	4	increases	increase	VERB
ajfa-11193	431	5	the	the	DET
ajfa-11193	431	6	flexibility	flexibility	NOUN
ajfa-11193	431	7	of	of	ADP
ajfa-11193	431	8	real	real	ADJ
ajfa-11193	431	9	estate	estate	NOUN
ajfa-11193	431	10	companies	company	NOUN
ajfa-11193	431	11	in	in	ADP
ajfa-11193	431	12	running	run	VERB
ajfa-11193	431	13	the	the	DET
ajfa-11193	431	14	firm	firm	NOUN
ajfa-11193	431	15	.	.	PUNCT
ajfa-11193	432	1	the	the	DET
ajfa-11193	432	2	above	above	ADJ
ajfa-11193	432	3	findings	finding	NOUN
ajfa-11193	432	4	provide	provide	VERB
ajfa-11193	432	5	a	a	DET
ajfa-11193	432	6	considerable	considerable	ADJ
ajfa-11193	432	7	perspective	perspective	NOUN
ajfa-11193	432	8	in	in	ADP
ajfa-11193	432	9	examining	examine	VERB
ajfa-11193	432	10	internal	internal	ADJ
ajfa-11193	432	11	factors	factor	NOUN
ajfa-11193	432	12	that	that	PRON
ajfa-11193	432	13	affect	affect	VERB
ajfa-11193	432	14	profitability	profitability	NOUN
ajfa-11193	432	15	of	of	ADP
ajfa-11193	432	16	indonesian	indonesian	ADJ
ajfa-11193	432	17	real	real	ADJ
ajfa-11193	432	18	estate	estate	NOUN
ajfa-11193	432	19	companies	company	NOUN
ajfa-11193	432	20	,	,	PUNCT
ajfa-11193	432	21	even	even	ADV
ajfa-11193	432	22	though	though	SCONJ
ajfa-11193	432	23	some	some	DET
ajfa-11193	432	24	results	result	NOUN
ajfa-11193	432	25	are	be	AUX
ajfa-11193	432	26	quite	quite	ADV
ajfa-11193	432	27	asian	asian	ADJ
ajfa-11193	432	28	journal	journal	NOUN
ajfa-11193	432	29	of	of	ADP
ajfa-11193	432	30	finance	finance	PROPN
ajfa-11193	432	31	&	&	CCONJ
ajfa-11193	432	32	accounting	accounting	PROPN
ajfa-11193	432	33	issn	issn	PROPN
ajfa-11193	432	34	1946	1946	NUM
ajfa-11193	432	35	-	-	PUNCT
ajfa-11193	432	36	052x	052x	PROPN
ajfa-11193	432	37	2017	2017	NUM
ajfa-11193	432	38	,	,	PUNCT
ajfa-11193	432	39	vol	vol	NOUN
ajfa-11193	432	40	.	.	NOUN
ajfa-11193	432	41	9	9	NUM
ajfa-11193	432	42	,	,	PUNCT
ajfa-11193	432	43	no	no	INTJ
ajfa-11193	432	44	.	.	NOUN
ajfa-11193	432	45	1	1	NUM
ajfa-11193	432	46	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	432	47	422	422	NUM
ajfa-11193	432	48	limiting	limit	VERB
ajfa-11193	432	49	like	like	ADP
ajfa-11193	432	50	having	have	VERB
ajfa-11193	432	51	only	only	ADV
ajfa-11193	432	52	two	two	NUM
ajfa-11193	432	53	variables	variable	NOUN
ajfa-11193	432	54	significant	significant	ADJ
ajfa-11193	432	55	for	for	ADP
ajfa-11193	432	56	the	the	DET
ajfa-11193	432	57	medium	medium	ADJ
ajfa-11193	432	58	-	-	PUNCT
ajfa-11193	432	59	size	size	NOUN
ajfa-11193	432	60	real	real	ADJ
ajfa-11193	432	61	estate	estate	NOUN
ajfa-11193	432	62	firms	firm	NOUN
ajfa-11193	432	63	.	.	PUNCT
ajfa-11193	433	1	further	further	ADJ
ajfa-11193	433	2	studies	study	NOUN
ajfa-11193	433	3	are	be	AUX
ajfa-11193	433	4	suggested	suggest	VERB
ajfa-11193	433	5	to	to	PART
ajfa-11193	433	6	examine	examine	VERB
ajfa-11193	433	7	similar	similar	ADJ
ajfa-11193	433	8	variables	variable	NOUN
ajfa-11193	433	9	using	use	VERB
ajfa-11193	433	10	other	other	ADJ
ajfa-11193	433	11	quantitative	quantitative	ADJ
ajfa-11193	433	12	methods	method	NOUN
ajfa-11193	433	13	(	(	PUNCT
ajfa-11193	433	14	e.g.	e.g.	ADV
ajfa-11193	433	15	,	,	PUNCT
ajfa-11193	433	16	grey	grey	ADJ
ajfa-11193	433	17	relational	relational	ADJ
ajfa-11193	433	18	analysis	analysis	NOUN
ajfa-11193	433	19	)	)	PUNCT
ajfa-11193	433	20	to	to	PART
ajfa-11193	433	21	determine	determine	VERB
ajfa-11193	433	22	factors	factor	NOUN
ajfa-11193	433	23	based	base	VERB
ajfa-11193	433	24	on	on	ADP
ajfa-11193	433	25	company	company	NOUN
ajfa-11193	433	26	size	size	NOUN
ajfa-11193	433	27	.	.	PUNCT
ajfa-11193	434	1	qualitative	qualitative	ADJ
ajfa-11193	434	2	type	type	NOUN
ajfa-11193	434	3	of	of	ADP
ajfa-11193	434	4	research	research	NOUN
ajfa-11193	434	5	can	can	AUX
ajfa-11193	434	6	also	also	ADV
ajfa-11193	434	7	be	be	AUX
ajfa-11193	434	8	considered	consider	VERB
ajfa-11193	434	9	for	for	SCONJ
ajfa-11193	434	10	future	future	ADJ
ajfa-11193	434	11	studies	study	NOUN
ajfa-11193	434	12	to	to	PART
ajfa-11193	434	13	personally	personally	ADV
ajfa-11193	434	14	better	well	ADV
ajfa-11193	434	15	know	know	VERB
ajfa-11193	434	16	how	how	SCONJ
ajfa-11193	434	17	managers	manager	NOUN
ajfa-11193	434	18	observe	observe	VERB
ajfa-11193	434	19	and	and	CCONJ
ajfa-11193	434	20	control	control	VERB
ajfa-11193	434	21	particular	particular	ADJ
ajfa-11193	434	22	variables	variable	NOUN
ajfa-11193	434	23	(	(	PUNCT
ajfa-11193	434	24	e.g.	e.g.	ADV
ajfa-11193	434	25	,	,	PUNCT
ajfa-11193	434	26	number	number	NOUN
ajfa-11193	434	27	of	of	ADP
ajfa-11193	434	28	days	day	NOUN
ajfa-11193	434	29	account	account	VERB
ajfa-11193	434	30	payable	payable	ADJ
ajfa-11193	434	31	and	and	CCONJ
ajfa-11193	434	32	tangibility	tangibility	NOUN
ajfa-11193	434	33	)	)	PUNCT
ajfa-11193	434	34	in	in	ADP
ajfa-11193	434	35	increasing	increase	VERB
ajfa-11193	434	36	profit	profit	NOUN
ajfa-11193	434	37	and	and	CCONJ
ajfa-11193	434	38	adding	add	VERB
ajfa-11193	434	39	value	value	NOUN
ajfa-11193	434	40	of	of	ADP
ajfa-11193	434	41	the	the	DET
ajfa-11193	434	42	firm	firm	NOUN
ajfa-11193	434	43	.	.	PUNCT
ajfa-11193	435	1	another	another	DET
ajfa-11193	435	2	limitation	limitation	NOUN
ajfa-11193	435	3	of	of	ADP
ajfa-11193	435	4	this	this	DET
ajfa-11193	435	5	study	study	NOUN
ajfa-11193	435	6	is	be	AUX
ajfa-11193	435	7	that	that	SCONJ
ajfa-11193	435	8	it	it	PRON
ajfa-11193	435	9	did	do	AUX
ajfa-11193	435	10	not	not	PART
ajfa-11193	435	11	consider	consider	VERB
ajfa-11193	435	12	external	external	ADJ
ajfa-11193	435	13	or	or	CCONJ
ajfa-11193	435	14	macroeconomic	macroeconomic	ADJ
ajfa-11193	435	15	factors	factor	NOUN
ajfa-11193	435	16	(	(	PUNCT
ajfa-11193	435	17	i.e.	i.e.	X
ajfa-11193	435	18	,	,	PUNCT
ajfa-11193	435	19	economic	economic	ADJ
ajfa-11193	435	20	status	status	NOUN
ajfa-11193	435	21	,	,	PUNCT
ajfa-11193	435	22	interest	interest	NOUN
ajfa-11193	435	23	rates	rate	NOUN
ajfa-11193	435	24	,	,	PUNCT
ajfa-11193	435	25	government	government	NOUN
ajfa-11193	435	26	regulations	regulation	NOUN
ajfa-11193	435	27	and	and	CCONJ
ajfa-11193	435	28	stock	stock	NOUN
ajfa-11193	435	29	market	market	NOUN
ajfa-11193	435	30	conditions	condition	NOUN
ajfa-11193	435	31	)	)	PUNCT
ajfa-11193	435	32	that	that	PRON
ajfa-11193	435	33	are	be	AUX
ajfa-11193	435	34	also	also	ADV
ajfa-11193	435	35	important	important	ADJ
ajfa-11193	435	36	in	in	ADP
ajfa-11193	435	37	determining	determine	VERB
ajfa-11193	435	38	profitability	profitability	NOUN
ajfa-11193	435	39	of	of	ADP
ajfa-11193	435	40	companies	company	NOUN
ajfa-11193	435	41	.	.	PUNCT
ajfa-11193	436	1	future	future	ADJ
ajfa-11193	436	2	studies	study	NOUN
ajfa-11193	436	3	can	can	AUX
ajfa-11193	436	4	further	far	ADV
ajfa-11193	436	5	consider	consider	VERB
ajfa-11193	436	6	these	these	DET
ajfa-11193	436	7	factors	factor	NOUN
ajfa-11193	436	8	,	,	PUNCT
ajfa-11193	436	9	and	and	CCONJ
ajfa-11193	436	10	can	can	AUX
ajfa-11193	436	11	also	also	ADV
ajfa-11193	436	12	extend	extend	VERB
ajfa-11193	436	13	the	the	DET
ajfa-11193	436	14	data	datum	NOUN
ajfa-11193	436	15	to	to	PART
ajfa-11193	436	16	cover	cover	VERB
ajfa-11193	436	17	private	private	ADJ
ajfa-11193	436	18	companies	company	NOUN
ajfa-11193	436	19	,	,	PUNCT
ajfa-11193	436	20	because	because	SCONJ
ajfa-11193	436	21	the	the	DET
ajfa-11193	436	22	study	study	NOUN
ajfa-11193	436	23	is	be	AUX
ajfa-11193	436	24	only	only	ADV
ajfa-11193	436	25	limited	limit	VERB
ajfa-11193	436	26	to	to	ADP
ajfa-11193	436	27	publicly	publicly	ADV
ajfa-11193	436	28	-	-	PUNCT
ajfa-11193	436	29	listed	list	VERB
ajfa-11193	436	30	companies	company	NOUN
ajfa-11193	436	31	.	.	PUNCT
ajfa-11193	437	1	future	future	ADJ
ajfa-11193	437	2	research	research	NOUN
ajfa-11193	437	3	can	can	AUX
ajfa-11193	437	4	also	also	ADV
ajfa-11193	437	5	extend	extend	VERB
ajfa-11193	437	6	the	the	DET
ajfa-11193	437	7	data	datum	NOUN
ajfa-11193	437	8	to	to	PART
ajfa-11193	437	9	cover	cover	VERB
ajfa-11193	437	10	other	other	ADJ
ajfa-11193	437	11	publicly	publicly	ADV
ajfa-11193	437	12	-	-	PUNCT
ajfa-11193	437	13	listed	list	VERB
ajfa-11193	437	14	companies	company	NOUN
ajfa-11193	437	15	(	(	PUNCT
ajfa-11193	437	16	e.g.	e.g.	ADV
ajfa-11193	437	17	,	,	PUNCT
ajfa-11193	437	18	banking	banking	NOUN
ajfa-11193	437	19	,	,	PUNCT
ajfa-11193	437	20	mining	mining	NOUN
ajfa-11193	437	21	and	and	CCONJ
ajfa-11193	437	22	transportation	transportation	NOUN
ajfa-11193	437	23	companies	company	NOUN
ajfa-11193	437	24	)	)	PUNCT
ajfa-11193	437	25	,	,	PUNCT
ajfa-11193	437	26	and	and	CCONJ
ajfa-11193	437	27	even	even	ADV
ajfa-11193	437	28	compare	compare	VERB
ajfa-11193	437	29	these	these	DET
ajfa-11193	437	30	data	datum	NOUN
ajfa-11193	437	31	with	with	ADP
ajfa-11193	437	32	other	other	ADJ
ajfa-11193	437	33	developing	develop	VERB
ajfa-11193	437	34	countries	country	NOUN
ajfa-11193	437	35	’	'	PUNCT
ajfa-11193	437	36	findings	finding	NOUN
ajfa-11193	437	37	.	.	PUNCT
ajfa-11193	438	1	references	reference	NOUN
ajfa-11193	438	2	aissa	aissa	NOUN
ajfa-11193	438	3	,	,	PUNCT
ajfa-11193	438	4	s.	s.	PROPN
ajfa-11193	438	5	b.	b.	PROPN
ajfa-11193	438	6	,	,	PUNCT
ajfa-11193	438	7	&	&	CCONJ
ajfa-11193	438	8	goaied	goaie	VERB
ajfa-11193	438	9	,	,	PUNCT
ajfa-11193	438	10	m.	m.	NOUN
ajfa-11193	438	11	(	(	PUNCT
ajfa-11193	438	12	2016	2016	NUM
ajfa-11193	438	13	)	)	PUNCT
ajfa-11193	438	14	.	.	PUNCT
ajfa-11193	439	1	determinants	determinant	NOUN
ajfa-11193	439	2	of	of	ADP
ajfa-11193	439	3	tunisian	tunisian	ADJ
ajfa-11193	439	4	hotel	hotel	NOUN
ajfa-11193	439	5	profitability	profitability	NOUN
ajfa-11193	439	6	:	:	PUNCT
ajfa-11193	439	7	the	the	DET
ajfa-11193	439	8	role	role	NOUN
ajfa-11193	439	9	of	of	ADP
ajfa-11193	439	10	managerial	managerial	ADJ
ajfa-11193	439	11	efficiency	efficiency	NOUN
ajfa-11193	439	12	.	.	PUNCT
ajfa-11193	440	1	tourism	tourism	NOUN
ajfa-11193	440	2	management	management	NOUN
ajfa-11193	440	3	,	,	PUNCT
ajfa-11193	440	4	52	52	NUM
ajfa-11193	440	5	,	,	PUNCT
ajfa-11193	440	6	478	478	NUM
ajfa-11193	440	7	-	-	SYM
ajfa-11193	440	8	487	487	NUM
ajfa-11193	440	9	.	.	PUNCT
ajfa-11193	441	1	https://doi.org/10.1016/j.tourman.2015.07.015	https://doi.org/10.1016/j.tourman.2015.07.015	NOUN
ajfa-11193	441	2	apriliyani	apriliyani	NOUN
ajfa-11193	441	3	,	,	PUNCT
ajfa-11193	441	4	m.	m.	NOUN
ajfa-11193	441	5	(	(	PUNCT
ajfa-11193	441	6	2011	2011	NUM
ajfa-11193	441	7	)	)	PUNCT
ajfa-11193	441	8	.	.	PUNCT
ajfa-11193	442	1	analisis	analisis	NOUN
ajfa-11193	442	2	profitabilitas	profitabilita	NOUN
ajfa-11193	442	3	,	,	PUNCT
ajfa-11193	442	4	struktur	struktur	PROPN
ajfa-11193	442	5	aktiva	aktiva	PROPN
ajfa-11193	442	6	,	,	PUNCT
ajfa-11193	442	7	dan	dan	PROPN
ajfa-11193	442	8	ukuran	ukuran	PROPN
ajfa-11193	442	9	perusahaan	perusahaan	PROPN
ajfa-11193	442	10	pengaruhnya	pengaruhnya	PROPN
ajfa-11193	442	11	terhadap	terhadap	PROPN
ajfa-11193	442	12	struktur	struktur	PROPN
ajfa-11193	442	13	modal	modal	NOUN
ajfa-11193	442	14	(	(	PUNCT
ajfa-11193	442	15	kasus	kasus	PROPN
ajfa-11193	442	16	pada	pada	PROPN
ajfa-11193	442	17	perusahaan	perusahaan	PROPN
ajfa-11193	442	18	real	real	PROPN
ajfa-11193	442	19	estate	estate	PROPN
ajfa-11193	442	20	dan	dan	PROPN
ajfa-11193	442	21	property	property	PROPN
ajfa-11193	442	22	yang	yang	PROPN
ajfa-11193	442	23	terdaftar	terdaftar	PROPN
ajfa-11193	442	24	di	di	PROPN
ajfa-11193	442	25	bursa	bursa	PROPN
ajfa-11193	442	26	efek	efek	PROPN
ajfa-11193	442	27	indonesia	indonesia	PROPN
ajfa-11193	442	28	periode	periode	PROPN
ajfa-11193	442	29	2003	2003	NUM
ajfa-11193	442	30	-	-	SYM
ajfa-11193	442	31	2009	2009	NUM
ajfa-11193	442	32	)	)	PUNCT
ajfa-11193	443	1	[	[	X
ajfa-11193	443	2	analysis	analysis	NOUN
ajfa-11193	443	3	the	the	DET
ajfa-11193	443	4	influence	influence	NOUN
ajfa-11193	443	5	of	of	ADP
ajfa-11193	443	6	profitability	profitability	NOUN
ajfa-11193	443	7	,	,	PUNCT
ajfa-11193	443	8	asset	asset	NOUN
ajfa-11193	443	9	structure	structure	NOUN
ajfa-11193	443	10	,	,	PUNCT
ajfa-11193	443	11	and	and	CCONJ
ajfa-11193	443	12	size	size	NOUN
ajfa-11193	443	13	of	of	ADP
ajfa-11193	443	14	the	the	DET
ajfa-11193	443	15	company	company	NOUN
ajfa-11193	443	16	to	to	ADP
ajfa-11193	443	17	capital	capital	NOUN
ajfa-11193	443	18	structure	structure	NOUN
ajfa-11193	443	19	(	(	PUNCT
ajfa-11193	443	20	the	the	DET
ajfa-11193	443	21	case	case	NOUN
ajfa-11193	443	22	of	of	ADP
ajfa-11193	443	23	listed	list	VERB
ajfa-11193	443	24	property	property	NOUN
ajfa-11193	443	25	and	and	CCONJ
ajfa-11193	443	26	real	real	ADJ
ajfa-11193	443	27	estate	estate	NOUN
ajfa-11193	443	28	companies	company	NOUN
ajfa-11193	443	29	in	in	ADP
ajfa-11193	443	30	indonesia	indonesia	PROPN
ajfa-11193	443	31	stock	stock	PROPN
ajfa-11193	443	32	exchange	exchange	PROPN
ajfa-11193	443	33	2003	2003	NUM
ajfa-11193	443	34	-	-	SYM
ajfa-11193	443	35	2009	2009	NUM
ajfa-11193	443	36	)	)	PUNCT
ajfa-11193	443	37	]	]	PUNCT
ajfa-11193	443	38	.	.	PUNCT
ajfa-11193	444	1	(	(	PUNCT
ajfa-11193	444	2	unpublished	unpublished	ADJ
ajfa-11193	444	3	undergraduate	undergraduate	NOUN
ajfa-11193	444	4	thesis	thesis	NOUN
ajfa-11193	444	5	)	)	PUNCT
ajfa-11193	444	6	.	.	PUNCT
ajfa-11193	445	1	bandung	bandung	NOUN
ajfa-11193	445	2	:	:	PUNCT
ajfa-11193	445	3	universitas	universitas	PROPN
ajfa-11193	445	4	komputer	komputer	PROPN
ajfa-11193	445	5	indonesia	indonesia	PROPN
ajfa-11193	445	6	.	.	PROPN
ajfa-11193	446	1	ardiyan	ardiyan	PROPN
ajfa-11193	446	2	,	,	PUNCT
ajfa-11193	446	3	a.	a.	NOUN
ajfa-11193	446	4	(	(	PUNCT
ajfa-11193	446	5	2011	2011	NUM
ajfa-11193	446	6	)	)	PUNCT
ajfa-11193	446	7	.	.	PUNCT
ajfa-11193	447	1	the	the	DET
ajfa-11193	447	2	master	master	NOUN
ajfa-11193	447	3	trader	trader	NOUN
ajfa-11193	447	4	:	:	PUNCT
ajfa-11193	447	5	belajar	belajar	PROPN
ajfa-11193	447	6	dari	dari	PROPN
ajfa-11193	447	7	traders	traders	PROPN
ajfa-11193	447	8	sukses	sukse	VERB
ajfa-11193	447	9	dunia	dunia	PROPN
ajfa-11193	447	10	(	(	PUNCT
ajfa-11193	447	11	2nd	2nd	ADJ
ajfa-11193	447	12	ed	ed	NOUN
ajfa-11193	447	13	.	.	PUNCT
ajfa-11193	447	14	)	)	PUNCT
ajfa-11193	448	1	[	[	X
ajfa-11193	448	2	the	the	DET
ajfa-11193	448	3	master	master	NOUN
ajfa-11193	448	4	trader	trader	NOUN
ajfa-11193	448	5	:	:	PUNCT
ajfa-11193	448	6	learn	learn	VERB
ajfa-11193	448	7	from	from	ADP
ajfa-11193	448	8	world	world	NOUN
ajfa-11193	448	9	successful	successful	ADJ
ajfa-11193	448	10	traders	trader	NOUN
ajfa-11193	448	11	(	(	PUNCT
ajfa-11193	448	12	2nd	2nd	ADJ
ajfa-11193	448	13	ed	ed	NOUN
ajfa-11193	448	14	.	.	PUNCT
ajfa-11193	448	15	)	)	PUNCT
ajfa-11193	448	16	]	]	PUNCT
ajfa-11193	448	17	.	.	PUNCT
ajfa-11193	449	1	jakarta	jakarta	PROPN
ajfa-11193	449	2	:	:	PUNCT
ajfa-11193	450	1	gramedia	gramedia	VERB
ajfa-11193	450	2	pustaka	pustaka	ADJ
ajfa-11193	450	3	utama	utama	PROPN
ajfa-11193	450	4	.	.	PUNCT
ajfa-11193	451	1	azlina	azlina	PROPN
ajfa-11193	451	2	,	,	PUNCT
ajfa-11193	451	3	n.	n.	PROPN
ajfa-11193	451	4	(	(	PUNCT
ajfa-11193	451	5	2009	2009	NUM
ajfa-11193	451	6	)	)	PUNCT
ajfa-11193	451	7	.	.	PUNCT
ajfa-11193	452	1	pengaruh	pengaruh	NOUN
ajfa-11193	452	2	tingkat	tingkat	PROPN
ajfa-11193	452	3	perputaran	perputaran	VERB
ajfa-11193	452	4	modal	modal	NOUN
ajfa-11193	452	5	kerja	kerja	PROPN
ajfa-11193	452	6	,	,	PUNCT
ajfa-11193	452	7	struktur	struktur	PROPN
ajfa-11193	452	8	modal	modal	PROPN
ajfa-11193	452	9	dan	dan	PROPN
ajfa-11193	452	10	skala	skala	PROPN
ajfa-11193	452	11	perusahaan	perusahaan	PROPN
ajfa-11193	452	12	terhadap	terhadap	PROPN
ajfa-11193	452	13	profitabilitas	profitabilitas	PROPN
ajfa-11193	453	1	[	[	X
ajfa-11193	453	2	the	the	DET
ajfa-11193	453	3	influence	influence	NOUN
ajfa-11193	453	4	of	of	ADP
ajfa-11193	453	5	capital	capital	NOUN
ajfa-11193	453	6	turnover	turnover	NOUN
ajfa-11193	453	7	,	,	PUNCT
ajfa-11193	453	8	capital	capital	NOUN
ajfa-11193	453	9	structure	structure	NOUN
ajfa-11193	453	10	and	and	CCONJ
ajfa-11193	453	11	the	the	DET
ajfa-11193	453	12	company	company	NOUN
ajfa-11193	453	13	size	size	NOUN
ajfa-11193	453	14	to	to	ADP
ajfa-11193	453	15	profitability	profitability	NOUN
ajfa-11193	453	16	]	]	PUNCT
ajfa-11193	453	17	.	.	PUNCT
ajfa-11193	454	1	pekbis	pekbis	PROPN
ajfa-11193	454	2	(	(	PUNCT
ajfa-11193	454	3	journal	journal	NOUN
ajfa-11193	454	4	of	of	ADP
ajfa-11193	454	5	economy	economy	NOUN
ajfa-11193	454	6	and	and	CCONJ
ajfa-11193	454	7	business	business	NOUN
ajfa-11193	454	8	education	education	NOUN
ajfa-11193	454	9	)	)	PUNCT
ajfa-11193	454	10	,	,	PUNCT
ajfa-11193	454	11	1(02	1(02	NUM
ajfa-11193	454	12	)	)	PUNCT
ajfa-11193	454	13	,	,	PUNCT
ajfa-11193	454	14	107	107	NUM
ajfa-11193	454	15	-	-	SYM
ajfa-11193	454	16	114	114	NUM
ajfa-11193	454	17	.	.	PUNCT
ajfa-11193	455	1	burja	burja	PROPN
ajfa-11193	455	2	,	,	PUNCT
ajfa-11193	455	3	c.	c.	PROPN
ajfa-11193	455	4	(	(	PUNCT
ajfa-11193	455	5	2011	2011	NUM
ajfa-11193	455	6	)	)	PUNCT
ajfa-11193	455	7	.	.	PUNCT
ajfa-11193	456	1	factors	factor	NOUN
ajfa-11193	456	2	influencing	influence	VERB
ajfa-11193	456	3	the	the	DET
ajfa-11193	456	4	companies	company	NOUN
ajfa-11193	456	5	’	’	PART
ajfa-11193	456	6	profitability	profitability	NOUN
ajfa-11193	456	7	.	.	PUNCT
ajfa-11193	457	1	annales	annales	PROPN
ajfa-11193	457	2	universitatis	universitatis	PROPN
ajfa-11193	457	3	apulensis	apulensis	NOUN
ajfa-11193	457	4	,	,	PUNCT
ajfa-11193	457	5	series	series	NOUN
ajfa-11193	457	6	oeconomica	oeconomica	PROPN
ajfa-11193	457	7	,	,	PUNCT
ajfa-11193	457	8	13(2	13(2	PROPN
ajfa-11193	457	9	)	)	PUNCT
ajfa-11193	457	10	,	,	PUNCT
ajfa-11193	457	11	215	215	NUM
ajfa-11193	457	12	-	-	SYM
ajfa-11193	457	13	224	224	NUM
ajfa-11193	457	14	.	.	PUNCT
ajfa-11193	458	1	chen	chen	PROPN
ajfa-11193	458	2	,	,	PUNCT
ajfa-11193	458	3	j.h	j.h	PROPN
ajfa-11193	458	4	.	.	PROPN
ajfa-11193	458	5	and	and	CCONJ
ajfa-11193	458	6	j.f	j.f	PROPN
ajfa-11193	458	7	.	.	PROPN
ajfa-11193	458	8	diaz	diaz	PROPN
ajfa-11193	458	9	.	.	PUNCT
ajfa-11193	459	1	(	(	PUNCT
ajfa-11193	459	2	2014	2014	NUM
ajfa-11193	459	3	)	)	PUNCT
ajfa-11193	459	4	.	.	PUNCT
ajfa-11193	460	1	study	study	NOUN
ajfa-11193	460	2	of	of	ADP
ajfa-11193	460	3	macroeconomic	macroeconomic	ADJ
ajfa-11193	460	4	and	and	CCONJ
ajfa-11193	460	5	monetary	monetary	ADJ
ajfa-11193	460	6	factors	factor	NOUN
ajfa-11193	460	7	in	in	ADP
ajfa-11193	460	8	reoccurring	reoccurre	VERB
ajfa-11193	460	9	economic	economic	ADJ
ajfa-11193	460	10	recessions	recession	NOUN
ajfa-11193	460	11	.	.	PUNCT
ajfa-11193	461	1	journal	journal	NOUN
ajfa-11193	461	2	of	of	ADP
ajfa-11193	461	3	applied	apply	VERB
ajfa-11193	461	4	economics	economic	NOUN
ajfa-11193	461	5	and	and	CCONJ
ajfa-11193	461	6	business	business	NOUN
ajfa-11193	461	7	research	research	NOUN
ajfa-11193	461	8	,	,	PUNCT
ajfa-11193	461	9	4(4	4(4	NUM
ajfa-11193	461	10	)	)	PUNCT
ajfa-11193	461	11	,	,	PUNCT
ajfa-11193	461	12	263	263	NUM
ajfa-11193	461	13	-	-	SYM
ajfa-11193	461	14	279	279	NUM
ajfa-11193	461	15	.	.	PUNCT
ajfa-11193	462	1	dahmash	dahmash	NOUN
ajfa-11193	462	2	,	,	PUNCT
ajfa-11193	462	3	f.	f.	PROPN
ajfa-11193	462	4	n.	n.	PROPN
ajfa-11193	462	5	(	(	PUNCT
ajfa-11193	462	6	2015	2015	NUM
ajfa-11193	462	7	)	)	PUNCT
ajfa-11193	462	8	.	.	PUNCT
ajfa-11193	463	1	size	size	NOUN
ajfa-11193	463	2	effect	effect	NOUN
ajfa-11193	463	3	on	on	ADP
ajfa-11193	463	4	company	company	NOUN
ajfa-11193	463	5	profitability	profitability	NOUN
ajfa-11193	463	6	:	:	PUNCT
ajfa-11193	463	7	evidence	evidence	NOUN
ajfa-11193	463	8	from	from	ADP
ajfa-11193	463	9	jordan	jordan	PROPN
ajfa-11193	463	10	.	.	PUNCT
ajfa-11193	464	1	international	international	ADJ
ajfa-11193	464	2	journal	journal	PROPN
ajfa-11193	464	3	of	of	ADP
ajfa-11193	464	4	business	business	NOUN
ajfa-11193	464	5	and	and	CCONJ
ajfa-11193	464	6	management	management	NOUN
ajfa-11193	464	7	,	,	PUNCT
ajfa-11193	464	8	10(2	10(2	NUM
ajfa-11193	464	9	)	)	PUNCT
ajfa-11193	464	10	,	,	PUNCT
ajfa-11193	464	11	58	58	NUM
ajfa-11193	464	12	-	-	SYM
ajfa-11193	464	13	72	72	NUM
ajfa-11193	464	14	.	.	PUNCT
ajfa-11193	465	1	https://doi.org/10.5539/ijbm.v10n2p58	https://doi.org/10.5539/ijbm.v10n2p58	NUM
ajfa-11193	465	2	asian	asian	ADJ
ajfa-11193	465	3	journal	journal	NOUN
ajfa-11193	465	4	of	of	ADP
ajfa-11193	465	5	finance	finance	PROPN
ajfa-11193	465	6	&	&	CCONJ
ajfa-11193	465	7	accounting	accounting	PROPN
ajfa-11193	465	8	issn	issn	PROPN
ajfa-11193	465	9	1946	1946	NUM
ajfa-11193	465	10	-	-	PUNCT
ajfa-11193	465	11	052x	052x	PROPN
ajfa-11193	465	12	2017	2017	NUM
ajfa-11193	465	13	,	,	PUNCT
ajfa-11193	465	14	vol	vol	NOUN
ajfa-11193	465	15	.	.	NOUN
ajfa-11193	465	16	9	9	NUM
ajfa-11193	465	17	,	,	PUNCT
ajfa-11193	465	18	no	no	INTJ
ajfa-11193	465	19	.	.	NOUN
ajfa-11193	465	20	1	1	NUM
ajfa-11193	465	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	465	22	423	423	NUM
ajfa-11193	465	23	deloof	deloof	NOUN
ajfa-11193	465	24	,	,	PUNCT
ajfa-11193	465	25	m.	m.	NOUN
ajfa-11193	465	26	(	(	PUNCT
ajfa-11193	465	27	2003	2003	NUM
ajfa-11193	465	28	)	)	PUNCT
ajfa-11193	465	29	.	.	PUNCT
ajfa-11193	466	1	does	do	AUX
ajfa-11193	466	2	working	work	VERB
ajfa-11193	466	3	capital	capital	NOUN
ajfa-11193	466	4	management	management	NOUN
ajfa-11193	466	5	affect	affect	VERB
ajfa-11193	466	6	profitability	profitability	NOUN
ajfa-11193	466	7	of	of	ADP
ajfa-11193	466	8	belgian	belgian	ADJ
ajfa-11193	466	9	firms	firm	NOUN
ajfa-11193	466	10	?	?	PUNCT
ajfa-11193	466	11	.	.	PUNCT
ajfa-11193	467	1	journal	journal	PROPN
ajfa-11193	467	2	of	of	ADP
ajfa-11193	467	3	business	business	NOUN
ajfa-11193	467	4	finance	finance	PROPN
ajfa-11193	467	5	&	&	CCONJ
ajfa-11193	467	6	accounting	accounting	PROPN
ajfa-11193	467	7	,	,	PUNCT
ajfa-11193	467	8	30(3‐4	30(3‐4	NUM
ajfa-11193	467	9	)	)	PUNCT
ajfa-11193	467	10	,	,	PUNCT
ajfa-11193	467	11	573	573	NUM
ajfa-11193	467	12	-	-	SYM
ajfa-11193	467	13	588	588	NUM
ajfa-11193	467	14	.	.	PUNCT
ajfa-11193	468	1	https://doi.org/10.1111/1468-5957.00008	https://doi.org/10.1111/1468-5957.00008	PROPN
ajfa-11193	468	2	enqvist	enqvist	NOUN
ajfa-11193	468	3	,	,	PUNCT
ajfa-11193	468	4	j.	j.	PROPN
ajfa-11193	468	5	,	,	PUNCT
ajfa-11193	468	6	graham	graham	PROPN
ajfa-11193	468	7	,	,	PUNCT
ajfa-11193	468	8	m.	m.	NOUN
ajfa-11193	468	9	,	,	PUNCT
ajfa-11193	468	10	&	&	CCONJ
ajfa-11193	468	11	nikkinen	nikkinen	PROPN
ajfa-11193	468	12	,	,	PUNCT
ajfa-11193	468	13	j.	j.	PROPN
ajfa-11193	468	14	(	(	PUNCT
ajfa-11193	468	15	2014	2014	NUM
ajfa-11193	468	16	)	)	PUNCT
ajfa-11193	468	17	.	.	PUNCT
ajfa-11193	469	1	the	the	DET
ajfa-11193	469	2	impact	impact	NOUN
ajfa-11193	469	3	of	of	ADP
ajfa-11193	469	4	working	work	VERB
ajfa-11193	469	5	capital	capital	NOUN
ajfa-11193	469	6	management	management	NOUN
ajfa-11193	469	7	on	on	ADP
ajfa-11193	469	8	firm	firm	ADJ
ajfa-11193	469	9	profitability	profitability	NOUN
ajfa-11193	469	10	in	in	ADP
ajfa-11193	469	11	different	different	ADJ
ajfa-11193	469	12	business	business	NOUN
ajfa-11193	469	13	cycles	cycle	NOUN
ajfa-11193	469	14	:	:	PUNCT
ajfa-11193	469	15	evidence	evidence	NOUN
ajfa-11193	469	16	from	from	ADP
ajfa-11193	469	17	finland	finland	PROPN
ajfa-11193	469	18	.	.	PUNCT
ajfa-11193	470	1	research	research	NOUN
ajfa-11193	470	2	in	in	ADP
ajfa-11193	470	3	international	international	ADJ
ajfa-11193	470	4	business	business	NOUN
ajfa-11193	470	5	and	and	CCONJ
ajfa-11193	470	6	finance	finance	NOUN
ajfa-11193	470	7	,	,	PUNCT
ajfa-11193	470	8	32	32	NUM
ajfa-11193	470	9	,	,	PUNCT
ajfa-11193	470	10	36	36	NUM
ajfa-11193	470	11	-	-	SYM
ajfa-11193	470	12	49	49	NUM
ajfa-11193	470	13	.	.	PUNCT
ajfa-11193	471	1	https://doi.org/10.1016/j.ribaf.2014.03.005	https://doi.org/10.1016/j.ribaf.2014.03.005	NOUN
ajfa-11193	471	2	emoh	emoh	NOUN
ajfa-11193	471	3	,	,	PUNCT
ajfa-11193	471	4	f.	f.	PROPN
ajfa-11193	471	5	i.	i.	PROPN
ajfa-11193	471	6	,	,	PUNCT
ajfa-11193	471	7	&	&	CCONJ
ajfa-11193	471	8	uzuanje	uzuanje	PROPN
ajfa-11193	471	9	,	,	PUNCT
ajfa-11193	471	10	i.	i.	PROPN
ajfa-11193	471	11	(	(	PUNCT
ajfa-11193	471	12	2015	2015	NUM
ajfa-11193	471	13	)	)	PUNCT
ajfa-11193	471	14	.	.	PUNCT
ajfa-11193	472	1	the	the	DET
ajfa-11193	472	2	effect	effect	NOUN
ajfa-11193	472	3	of	of	ADP
ajfa-11193	472	4	increasing	increase	VERB
ajfa-11193	472	5	cost	cost	NOUN
ajfa-11193	472	6	of	of	ADP
ajfa-11193	472	7	capital	capital	NOUN
ajfa-11193	472	8	on	on	ADP
ajfa-11193	472	9	the	the	DET
ajfa-11193	472	10	profitability	profitability	NOUN
ajfa-11193	472	11	of	of	ADP
ajfa-11193	472	12	real	real	ADJ
ajfa-11193	472	13	estate	estate	NOUN
ajfa-11193	472	14	development	development	NOUN
ajfa-11193	472	15	in	in	ADP
ajfa-11193	472	16	benin	benin	PROPN
ajfa-11193	472	17	city	city	PROPN
ajfa-11193	472	18	,	,	PUNCT
ajfa-11193	472	19	nigeria	nigeria	PROPN
ajfa-11193	472	20	.	.	PUNCT
ajfa-11193	473	1	research	research	NOUN
ajfa-11193	473	2	journal	journal	PROPN
ajfa-11193	473	3	of	of	ADP
ajfa-11193	473	4	finance	finance	NOUN
ajfa-11193	473	5	and	and	CCONJ
ajfa-11193	473	6	accounting	accounting	NOUN
ajfa-11193	473	7	,	,	PUNCT
ajfa-11193	473	8	6(20	6(20	NUM
ajfa-11193	473	9	)	)	PUNCT
ajfa-11193	473	10	,	,	PUNCT
ajfa-11193	473	11	81	81	NUM
ajfa-11193	473	12	-	-	SYM
ajfa-11193	473	13	91	91	NUM
ajfa-11193	473	14	.	.	PUNCT
ajfa-11193	474	1	feng	feng	PROPN
ajfa-11193	474	2	,	,	PUNCT
ajfa-11193	474	3	y.	y.	PROPN
ajfa-11193	474	4	,	,	PUNCT
ajfa-11193	474	5	&	&	CCONJ
ajfa-11193	474	6	guo	guo	PROPN
ajfa-11193	474	7	,	,	PUNCT
ajfa-11193	474	8	y.	y.	PROPN
ajfa-11193	474	9	(	(	PUNCT
ajfa-11193	474	10	2015	2015	NUM
ajfa-11193	474	11	)	)	PUNCT
ajfa-11193	474	12	.	.	PUNCT
ajfa-11193	475	1	the	the	DET
ajfa-11193	475	2	relationship	relationship	NOUN
ajfa-11193	475	3	between	between	ADP
ajfa-11193	475	4	capital	capital	NOUN
ajfa-11193	475	5	structure	structure	NOUN
ajfa-11193	475	6	and	and	CCONJ
ajfa-11193	475	7	financial	financial	ADJ
ajfa-11193	475	8	performance	performance	NOUN
ajfa-11193	475	9	of	of	ADP
ajfa-11193	475	10	china	china	PROPN
ajfa-11193	475	11	’s	’s	PART
ajfa-11193	475	12	real	real	ADJ
ajfa-11193	475	13	estate	estate	NOUN
ajfa-11193	475	14	listed	list	VERB
ajfa-11193	475	15	companies	company	NOUN
ajfa-11193	475	16	.	.	PUNCT
ajfa-11193	476	1	journal	journal	PROPN
ajfa-11193	476	2	of	of	ADP
ajfa-11193	476	3	finance	finance	NOUN
ajfa-11193	476	4	and	and	CCONJ
ajfa-11193	476	5	economics	economic	NOUN
ajfa-11193	476	6	,	,	PUNCT
ajfa-11193	476	7	3(4	3(4	NUM
ajfa-11193	476	8	)	)	PUNCT
ajfa-11193	476	9	,	,	PUNCT
ajfa-11193	476	10	72	72	NUM
ajfa-11193	476	11	-	-	SYM
ajfa-11193	476	12	76	76	NUM
ajfa-11193	476	13	.	.	PUNCT
ajfa-11193	477	1	garcía	garcía	ADJ
ajfa-11193	477	2	-	-	PUNCT
ajfa-11193	477	3	teruel	teruel	NOUN
ajfa-11193	477	4	,	,	PUNCT
ajfa-11193	477	5	p.	p.	PROPN
ajfa-11193	477	6	j.	j.	PROPN
ajfa-11193	477	7	,	,	PUNCT
ajfa-11193	477	8	&	&	CCONJ
ajfa-11193	477	9	martinez	martinez	PROPN
ajfa-11193	477	10	-	-	PUNCT
ajfa-11193	477	11	solano	solano	PROPN
ajfa-11193	477	12	,	,	PUNCT
ajfa-11193	477	13	p.	p.	NOUN
ajfa-11193	477	14	(	(	PUNCT
ajfa-11193	477	15	2007	2007	NUM
ajfa-11193	477	16	)	)	PUNCT
ajfa-11193	477	17	.	.	PUNCT
ajfa-11193	478	1	effects	effect	NOUN
ajfa-11193	478	2	of	of	ADP
ajfa-11193	478	3	working	work	VERB
ajfa-11193	478	4	capital	capital	NOUN
ajfa-11193	478	5	management	management	NOUN
ajfa-11193	478	6	on	on	ADP
ajfa-11193	478	7	sme	sme	NOUN
ajfa-11193	478	8	profitability	profitability	NOUN
ajfa-11193	478	9	.	.	PUNCT
ajfa-11193	479	1	international	international	ADJ
ajfa-11193	479	2	journal	journal	PROPN
ajfa-11193	479	3	of	of	ADP
ajfa-11193	479	4	managerial	managerial	ADJ
ajfa-11193	479	5	finance	finance	NOUN
ajfa-11193	479	6	,	,	PUNCT
ajfa-11193	479	7	3(2	3(2	NUM
ajfa-11193	479	8	)	)	PUNCT
ajfa-11193	479	9	,	,	PUNCT
ajfa-11193	479	10	164	164	NUM
ajfa-11193	479	11	-	-	SYM
ajfa-11193	479	12	177	177	NUM
ajfa-11193	479	13	.	.	PUNCT
ajfa-11193	480	1	https://doi.org/10.1108/17439130710738718	https://doi.org/10.1108/17439130710738718	PRON
ajfa-11193	480	2	gitman	gitman	PROPN
ajfa-11193	480	3	,	,	PUNCT
ajfa-11193	480	4	l.	l.	PROPN
ajfa-11193	480	5	j.	j.	PROPN
ajfa-11193	480	6	(	(	PUNCT
ajfa-11193	480	7	1974	1974	NUM
ajfa-11193	480	8	)	)	PUNCT
ajfa-11193	480	9	.	.	PUNCT
ajfa-11193	481	1	estimating	estimate	VERB
ajfa-11193	481	2	corporate	corporate	ADJ
ajfa-11193	481	3	liquidity	liquidity	NOUN
ajfa-11193	481	4	requirements	requirement	NOUN
ajfa-11193	481	5	:	:	PUNCT
ajfa-11193	481	6	a	a	DET
ajfa-11193	481	7	simplified	simplified	ADJ
ajfa-11193	481	8	approach	approach	NOUN
ajfa-11193	481	9	.	.	PUNCT
ajfa-11193	482	1	financial	financial	ADJ
ajfa-11193	482	2	review	review	PROPN
ajfa-11193	482	3	,	,	PUNCT
ajfa-11193	482	4	9(1	9(1	NUM
ajfa-11193	482	5	)	)	PUNCT
ajfa-11193	482	6	,	,	PUNCT
ajfa-11193	482	7	79	79	NUM
ajfa-11193	482	8	-	-	SYM
ajfa-11193	482	9	88	88	NUM
ajfa-11193	482	10	.	.	PUNCT
ajfa-11193	483	1	https://doi.org/10.1111/j.1540-6288.1974.tb01453.x	https://doi.org/10.1111/j.1540-6288.1974.tb01453.x	PRON
ajfa-11193	483	2	hammes	hamme	NOUN
ajfa-11193	483	3	,	,	PUNCT
ajfa-11193	483	4	k.	k.	PROPN
ajfa-11193	483	5	,	,	PUNCT
ajfa-11193	483	6	&	&	CCONJ
ajfa-11193	483	7	chen	chen	PROPN
ajfa-11193	483	8	,	,	PUNCT
ajfa-11193	483	9	y.	y.	PROPN
ajfa-11193	483	10	(	(	PUNCT
ajfa-11193	483	11	2004	2004	NUM
ajfa-11193	483	12	)	)	PUNCT
ajfa-11193	483	13	.	.	PUNCT
ajfa-11193	484	1	performance	performance	NOUN
ajfa-11193	484	2	of	of	ADP
ajfa-11193	484	3	the	the	DET
ajfa-11193	484	4	swedish	swedish	ADJ
ajfa-11193	484	5	real	real	ADJ
ajfa-11193	484	6	estate	estate	NOUN
ajfa-11193	484	7	sector	sector	NOUN
ajfa-11193	484	8	1998	1998	NUM
ajfa-11193	484	9	-	-	SYM
ajfa-11193	484	10	2002	2002	NUM
ajfa-11193	484	11	.	.	PUNCT
ajfa-11193	485	1	working	work	VERB
ajfa-11193	485	2	papers	paper	NOUN
ajfa-11193	485	3	in	in	ADP
ajfa-11193	485	4	economics	economic	NOUN
ajfa-11193	485	5	,	,	PUNCT
ajfa-11193	485	6	124	124	NUM
ajfa-11193	485	7	,	,	PUNCT
ajfa-11193	485	8	1	1	NUM
ajfa-11193	485	9	-	-	SYM
ajfa-11193	485	10	27	27	NUM
ajfa-11193	485	11	.	.	PUNCT
ajfa-11193	486	1	hammes	hamme	NOUN
ajfa-11193	486	2	,	,	PUNCT
ajfa-11193	486	3	k.	k.	PROPN
ajfa-11193	486	4	,	,	PUNCT
ajfa-11193	486	5	&	&	CCONJ
ajfa-11193	486	6	chen	chen	PROPN
ajfa-11193	486	7	,	,	PUNCT
ajfa-11193	486	8	y.	y.	PROPN
ajfa-11193	486	9	(	(	PUNCT
ajfa-11193	486	10	2005	2005	NUM
ajfa-11193	486	11	)	)	PUNCT
ajfa-11193	486	12	.	.	PUNCT
ajfa-11193	487	1	performance	performance	NOUN
ajfa-11193	487	2	of	of	ADP
ajfa-11193	487	3	european	european	ADJ
ajfa-11193	487	4	real	real	ADJ
ajfa-11193	487	5	estate	estate	NOUN
ajfa-11193	487	6	companies	company	NOUN
ajfa-11193	487	7	:	:	PUNCT
ajfa-11193	487	8	an	an	DET
ajfa-11193	487	9	empirical	empirical	ADJ
ajfa-11193	487	10	comparison	comparison	NOUN
ajfa-11193	487	11	.	.	PUNCT
ajfa-11193	488	1	https://doi.org/10.2139/ssrn.828050	https://doi.org/10.2139/ssrn.828050	PROPN
ajfa-11193	488	2	irhansyah	irhansyah	NOUN
ajfa-11193	488	3	.	.	PUNCT
ajfa-11193	489	1	(	(	PUNCT
ajfa-11193	489	2	2014	2014	NUM
ajfa-11193	489	3	)	)	PUNCT
ajfa-11193	489	4	.	.	PUNCT
ajfa-11193	490	1	analisis	analisis	ADJ
ajfa-11193	490	2	pengaruh	pengaruh	NOUN
ajfa-11193	490	3	aktivitas	aktivitas	PROPN
ajfa-11193	490	4	dan	dan	PROPN
ajfa-11193	490	5	solvabilitas	solvabilitas	PROPN
ajfa-11193	490	6	terhadap	terhadap	PROPN
ajfa-11193	490	7	profitabilitas	profitabilitas	PROPN
ajfa-11193	490	8	pada	pada	PROPN
ajfa-11193	490	9	perusahaan	perusahaan	PROPN
ajfa-11193	490	10	pertambangan	pertambangan	PROPN
ajfa-11193	490	11	yang	yang	PROPN
ajfa-11193	490	12	terdaftar	terdaftar	PROPN
ajfa-11193	490	13	di	di	PROPN
ajfa-11193	490	14	bei	bei	X
ajfa-11193	491	1	[	[	X
ajfa-11193	491	2	analysis	analysis	NOUN
ajfa-11193	491	3	of	of	ADP
ajfa-11193	491	4	the	the	DET
ajfa-11193	491	5	influence	influence	NOUN
ajfa-11193	491	6	of	of	ADP
ajfa-11193	491	7	activity	activity	NOUN
ajfa-11193	491	8	and	and	CCONJ
ajfa-11193	491	9	solvency	solvency	NOUN
ajfa-11193	491	10	towards	towards	ADP
ajfa-11193	491	11	profitability	profitability	NOUN
ajfa-11193	491	12	in	in	ADP
ajfa-11193	491	13	mining	mining	NOUN
ajfa-11193	491	14	companies	company	NOUN
ajfa-11193	491	15	that	that	PRON
ajfa-11193	491	16	are	be	AUX
ajfa-11193	491	17	listed	list	VERB
ajfa-11193	491	18	in	in	ADP
ajfa-11193	491	19	indonesia	indonesia	PROPN
ajfa-11193	491	20	stock	stock	PROPN
ajfa-11193	491	21	exchange	exchange	PROPN
ajfa-11193	491	22	]	]	PUNCT
ajfa-11193	491	23	.	.	PUNCT
ajfa-11193	492	1	(	(	PUNCT
ajfa-11193	492	2	unpublished	unpublished	ADJ
ajfa-11193	492	3	undergraduate	undergraduate	NOUN
ajfa-11193	492	4	thesis	thesis	NOUN
ajfa-11193	492	5	)	)	PUNCT
ajfa-11193	492	6	.	.	PUNCT
ajfa-11193	493	1	pontianak	pontianak	PROPN
ajfa-11193	493	2	:	:	PUNCT
ajfa-11193	493	3	universitas	universita	NOUN
ajfa-11193	493	4	tanjungpura	tanjungpura	NOUN
ajfa-11193	493	5	.	.	PUNCT
ajfa-11193	494	1	ismiati	ismiati	PROPN
ajfa-11193	494	2	,	,	PUNCT
ajfa-11193	494	3	n.	n.	NOUN
ajfa-11193	494	4	,	,	PUNCT
ajfa-11193	494	5	puspitaningtyas	puspitaningtyas	NOUN
ajfa-11193	494	6	,	,	PUNCT
ajfa-11193	494	7	z.	z.	PROPN
ajfa-11193	494	8	,	,	PUNCT
ajfa-11193	494	9	&	&	CCONJ
ajfa-11193	494	10	sisbintari	sisbintari	NOUN
ajfa-11193	494	11	,	,	PUNCT
ajfa-11193	494	12	i.	i.	NOUN
ajfa-11193	494	13	(	(	PUNCT
ajfa-11193	494	14	2013	2013	NUM
ajfa-11193	494	15	)	)	PUNCT
ajfa-11193	494	16	.	.	PUNCT
ajfa-11193	495	1	pengaruh	pengaruh	NOUN
ajfa-11193	495	2	perputaran	perputaran	ADJ
ajfa-11193	495	3	modal	modal	NOUN
ajfa-11193	495	4	kerja	kerja	PROPN
ajfa-11193	495	5	terhadap	terhadap	PROPN
ajfa-11193	495	6	profitabilitas	profitabilitas	PROPN
ajfa-11193	495	7	perusahaan	perusahaan	PROPN
ajfa-11193	495	8	(	(	PUNCT
ajfa-11193	495	9	studi	studi	PROPN
ajfa-11193	495	10	pada	pada	PROPN
ajfa-11193	495	11	perusahaan	perusahaan	PROPN
ajfa-11193	495	12	manufaktur	manufaktur	PROPN
ajfa-11193	495	13	yang	yang	PROPN
ajfa-11193	495	14	terdaftar	terdaftar	PROPN
ajfa-11193	495	15	di	di	PROPN
ajfa-11193	495	16	bursa	bursa	PROPN
ajfa-11193	495	17	efek	efek	NOUN
ajfa-11193	495	18	indonesia	indonesia	PROPN
ajfa-11193	495	19	tahun	tahun	PROPN
ajfa-11193	495	20	2008	2008	NUM
ajfa-11193	495	21	-	-	SYM
ajfa-11193	495	22	2012	2012	NUM
ajfa-11193	495	23	)	)	PUNCT
ajfa-11193	496	1	[	[	X
ajfa-11193	496	2	influence	influence	NOUN
ajfa-11193	496	3	of	of	ADP
ajfa-11193	496	4	working	work	VERB
ajfa-11193	496	5	capital	capital	NOUN
ajfa-11193	496	6	turnover	turnover	NOUN
ajfa-11193	496	7	to	to	ADP
ajfa-11193	496	8	profitabilitas	profitabilitas	NOUN
ajfa-11193	496	9	(	(	PUNCT
ajfa-11193	496	10	studies	study	NOUN
ajfa-11193	496	11	on	on	ADP
ajfa-11193	496	12	manufacturing	manufacture	VERB
ajfa-11193	496	13	companies	company	NOUN
ajfa-11193	496	14	on	on	ADP
ajfa-11193	496	15	the	the	DET
ajfa-11193	496	16	stock	stock	NOUN
ajfa-11193	496	17	exchange	exchange	PROPN
ajfa-11193	496	18	indonesia	indonesia	PROPN
ajfa-11193	496	19	years	year	NOUN
ajfa-11193	496	20	2008	2008	NUM
ajfa-11193	496	21	-	-	SYM
ajfa-11193	496	22	2012	2012	NUM
ajfa-11193	496	23	)	)	PUNCT
ajfa-11193	496	24	]	]	PUNCT
ajfa-11193	496	25	.	.	PUNCT
ajfa-11193	497	1	(	(	PUNCT
ajfa-11193	497	2	unpublished	unpublished	ADJ
ajfa-11193	497	3	undergraduate	undergraduate	NOUN
ajfa-11193	497	4	thesis	thesis	NOUN
ajfa-11193	497	5	)	)	PUNCT
ajfa-11193	497	6	.	.	PUNCT
ajfa-11193	498	1	jember	jember	PROPN
ajfa-11193	498	2	:	:	PUNCT
ajfa-11193	498	3	universitas	universitas	PROPN
ajfa-11193	498	4	jember	jember	PROPN
ajfa-11193	498	5	.	.	PUNCT
ajfa-11193	499	1	jarad	jarad	PROPN
ajfa-11193	499	2	,	,	PUNCT
ajfa-11193	499	3	i.	i.	PROPN
ajfa-11193	499	4	a.	a.	PROPN
ajfa-11193	499	5	,	,	PUNCT
ajfa-11193	499	6	&	&	CCONJ
ajfa-11193	499	7	sulaiman	sulaiman	PROPN
ajfa-11193	499	8	,	,	PUNCT
ajfa-11193	499	9	m.	m.	NOUN
ajfa-11193	499	10	(	(	PUNCT
ajfa-11193	499	11	2011	2011	NUM
ajfa-11193	499	12	)	)	PUNCT
ajfa-11193	499	13	.	.	PUNCT
ajfa-11193	500	1	the	the	DET
ajfa-11193	500	2	impact	impact	NOUN
ajfa-11193	500	3	of	of	ADP
ajfa-11193	500	4	design	design	NOUN
ajfa-11193	500	5	innovativeness	innovativeness	NOUN
ajfa-11193	500	6	on	on	ADP
ajfa-11193	500	7	the	the	DET
ajfa-11193	500	8	profitability	profitability	NOUN
ajfa-11193	500	9	of	of	ADP
ajfa-11193	500	10	housing	housing	NOUN
ajfa-11193	500	11	developers	developer	NOUN
ajfa-11193	500	12	in	in	ADP
ajfa-11193	500	13	malaysia	malaysia	PROPN
ajfa-11193	500	14	.	.	PUNCT
ajfa-11193	501	1	world	world	PROPN
ajfa-11193	501	2	applied	apply	VERB
ajfa-11193	501	3	sciences	science	NOUN
ajfa-11193	501	4	journal	journal	NOUN
ajfa-11193	501	5	,	,	PUNCT
ajfa-11193	501	6	12	12	NUM
ajfa-11193	501	7	(	(	PUNCT
ajfa-11193	501	8	11	11	NUM
ajfa-11193	501	9	)	)	PUNCT
ajfa-11193	501	10	,	,	PUNCT
ajfa-11193	501	11	2041	2041	NUM
ajfa-11193	501	12	-	-	SYM
ajfa-11193	501	13	2052	2052	NUM
ajfa-11193	501	14	.	.	PUNCT
ajfa-11193	502	1	karina	karina	PROPN
ajfa-11193	502	2	,	,	PUNCT
ajfa-11193	502	3	f.	f.	PROPN
ajfa-11193	502	4	,	,	PUNCT
ajfa-11193	502	5	&	&	CCONJ
ajfa-11193	502	6	khafid	khafid	PROPN
ajfa-11193	502	7	,	,	PUNCT
ajfa-11193	502	8	m.	m.	NOUN
ajfa-11193	502	9	(	(	PUNCT
ajfa-11193	502	10	2015	2015	NUM
ajfa-11193	502	11	)	)	PUNCT
ajfa-11193	502	12	.	.	PUNCT
ajfa-11193	503	1	determinan	determinan	PROPN
ajfa-11193	503	2	profitabilitas	profitabilitas	PROPN
ajfa-11193	503	3	pada	pada	PROPN
ajfa-11193	503	4	perusahaan	perusahaan	PROPN
ajfa-11193	503	5	properti	properti	PROPN
ajfa-11193	503	6	dan	dan	PROPN
ajfa-11193	503	7	real	real	PROPN
ajfa-11193	503	8	estate	estate	NOUN
ajfa-11193	503	9	go	go	VERB
ajfa-11193	503	10	public	public	ADJ
ajfa-11193	503	11	di	di	X
ajfa-11193	503	12	indonesia	indonesia	PROPN
ajfa-11193	504	1	[	[	X
ajfa-11193	504	2	determinants	determinant	NOUN
ajfa-11193	504	3	of	of	ADP
ajfa-11193	504	4	profitability	profitability	NOUN
ajfa-11193	504	5	in	in	ADP
ajfa-11193	504	6	listed	list	VERB
ajfa-11193	504	7	property	property	NOUN
ajfa-11193	504	8	and	and	CCONJ
ajfa-11193	504	9	real	real	ADJ
ajfa-11193	504	10	estate	estate	NOUN
ajfa-11193	504	11	companies	company	NOUN
ajfa-11193	504	12	in	in	ADP
ajfa-11193	504	13	indonesia	indonesia	PROPN
ajfa-11193	504	14	journal	journal	PROPN
ajfa-11193	504	15	of	of	ADP
ajfa-11193	504	16	dynamics	dynamic	NOUN
ajfa-11193	504	17	of	of	ADP
ajfa-11193	504	18	accounting	accounting	NOUN
ajfa-11193	504	19	,	,	PUNCT
ajfa-11193	504	20	7(1	7(1	NUM
ajfa-11193	504	21	)	)	PUNCT
ajfa-11193	504	22	,	,	PUNCT
ajfa-11193	504	23	1	1	NUM
ajfa-11193	504	24	-	-	SYM
ajfa-11193	504	25	9	9	NUM
ajfa-11193	504	26	.	.	PUNCT
ajfa-11193	504	27	kebewar	kebewar	PROPN
ajfa-11193	504	28	,	,	PUNCT
ajfa-11193	504	29	m.	m.	NOUN
ajfa-11193	504	30	(	(	PUNCT
ajfa-11193	504	31	2013	2013	NUM
ajfa-11193	504	32	)	)	PUNCT
ajfa-11193	504	33	.	.	PUNCT
ajfa-11193	505	1	does	do	AUX
ajfa-11193	505	2	debt	debt	NOUN
ajfa-11193	505	3	affect	affect	VERB
ajfa-11193	505	4	profitability	profitability	NOUN
ajfa-11193	505	5	?	?	PUNCT
ajfa-11193	506	1	an	an	DET
ajfa-11193	506	2	empirical	empirical	ADJ
ajfa-11193	506	3	study	study	NOUN
ajfa-11193	506	4	of	of	ADP
ajfa-11193	506	5	french	french	ADJ
ajfa-11193	506	6	trade	trade	NOUN
ajfa-11193	506	7	asian	asian	PROPN
ajfa-11193	506	8	journal	journal	NOUN
ajfa-11193	506	9	of	of	ADP
ajfa-11193	506	10	finance	finance	PROPN
ajfa-11193	506	11	&	&	CCONJ
ajfa-11193	506	12	accounting	accounting	PROPN
ajfa-11193	506	13	issn	issn	PROPN
ajfa-11193	506	14	1946	1946	NUM
ajfa-11193	506	15	-	-	PUNCT
ajfa-11193	506	16	052x	052x	PROPN
ajfa-11193	506	17	2017	2017	NUM
ajfa-11193	506	18	,	,	PUNCT
ajfa-11193	506	19	vol	vol	NOUN
ajfa-11193	506	20	.	.	NOUN
ajfa-11193	506	21	9	9	NUM
ajfa-11193	506	22	,	,	PUNCT
ajfa-11193	506	23	no	no	INTJ
ajfa-11193	506	24	.	.	NOUN
ajfa-11193	506	25	1	1	NUM
ajfa-11193	506	26	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	506	27	424	424	NUM
ajfa-11193	506	28	sector	sector	NOUN
ajfa-11193	506	29	.	.	PUNCT
ajfa-11193	507	1	an	an	DET
ajfa-11193	507	2	empirical	empirical	ADJ
ajfa-11193	507	3	study	study	NOUN
ajfa-11193	507	4	of	of	ADP
ajfa-11193	507	5	french	french	ADJ
ajfa-11193	507	6	trade	trade	NOUN
ajfa-11193	507	7	sector	sector	NOUN
ajfa-11193	507	8	(	(	PUNCT
ajfa-11193	507	9	january	january	PROPN
ajfa-11193	507	10	23	23	NUM
ajfa-11193	507	11	,	,	PUNCT
ajfa-11193	507	12	2013	2013	NUM
ajfa-11193	507	13	)	)	PUNCT
ajfa-11193	507	14	.	.	PUNCT
ajfa-11193	508	1	https://doi.org/10.2139/ssrn.2205794	https://doi.org/10.2139/ssrn.2205794	PROPN
ajfa-11193	509	1	kusumajaya	kusumajaya	PROPN
ajfa-11193	509	2	,	,	PUNCT
ajfa-11193	509	3	d.	d.	PROPN
ajfa-11193	509	4	k.	k.	PROPN
ajfa-11193	510	1	o.	o.	PROPN
ajfa-11193	510	2	(	(	PUNCT
ajfa-11193	510	3	2011	2011	NUM
ajfa-11193	510	4	)	)	PUNCT
ajfa-11193	510	5	.	.	PUNCT
ajfa-11193	511	1	pengaruh	pengaruh	NOUN
ajfa-11193	511	2	struktur	struktur	PROPN
ajfa-11193	511	3	modal	modal	NOUN
ajfa-11193	511	4	dan	dan	PROPN
ajfa-11193	511	5	pertumbuhan	pertumbuhan	PROPN
ajfa-11193	511	6	perusahaan	perusahaan	PROPN
ajfa-11193	511	7	terhadap	terhadap	PROPN
ajfa-11193	511	8	profitabilitas	profitabilitas	PROPN
ajfa-11193	511	9	dan	dan	PROPN
ajfa-11193	511	10	nilai	nilai	PROPN
ajfa-11193	511	11	perusahaan	perusahaan	PROPN
ajfa-11193	511	12	pada	pada	PROPN
ajfa-11193	511	13	perusahaan	perusahaan	PROPN
ajfa-11193	511	14	manufaktur	manufaktur	PROPN
ajfa-11193	511	15	di	di	PROPN
ajfa-11193	511	16	bursa	bursa	PROPN
ajfa-11193	511	17	efek	efek	NOUN
ajfa-11193	511	18	indonesia	indonesia	PROPN
ajfa-11193	512	1	[	[	X
ajfa-11193	512	2	the	the	DET
ajfa-11193	512	3	influence	influence	NOUN
ajfa-11193	512	4	of	of	ADP
ajfa-11193	512	5	capital	capital	NOUN
ajfa-11193	512	6	structure	structure	NOUN
ajfa-11193	512	7	and	and	CCONJ
ajfa-11193	512	8	company	company	NOUN
ajfa-11193	512	9	’s	’s	PART
ajfa-11193	512	10	growth	growth	NOUN
ajfa-11193	512	11	towards	towards	ADP
ajfa-11193	512	12	profitability	profitability	NOUN
ajfa-11193	512	13	and	and	CCONJ
ajfa-11193	512	14	company	company	NOUN
ajfa-11193	512	15	’s	’s	PART
ajfa-11193	512	16	value	value	NOUN
ajfa-11193	512	17	at	at	ADP
ajfa-11193	512	18	manufacture	manufacture	NOUN
ajfa-11193	512	19	’s	’s	PART
ajfa-11193	512	20	company	company	NOUN
ajfa-11193	512	21	at	at	ADP
ajfa-11193	512	22	jakarta	jakarta	PROPN
ajfa-11193	512	23	stock	stock	PROPN
ajfa-11193	512	24	exchange	exchange	PROPN
ajfa-11193	512	25	]	]	PUNCT
ajfa-11193	512	26	.	.	PUNCT
ajfa-11193	513	1	(	(	PUNCT
ajfa-11193	513	2	unpublished	unpublished	ADJ
ajfa-11193	513	3	thesis	thesis	NOUN
ajfa-11193	513	4	)	)	PUNCT
ajfa-11193	513	5	.	.	PUNCT
ajfa-11193	514	1	denpasar	denpasar	PROPN
ajfa-11193	514	2	:	:	PUNCT
ajfa-11193	514	3	universitas	universita	VERB
ajfa-11193	514	4	udayana	udayana	ADJ
ajfa-11193	514	5	.	.	PUNCT
ajfa-11193	515	1	lazaridis	lazaridi	NOUN
ajfa-11193	515	2	,	,	PUNCT
ajfa-11193	515	3	i.	i.	PROPN
ajfa-11193	515	4	,	,	PUNCT
ajfa-11193	515	5	&	&	CCONJ
ajfa-11193	515	6	tryfonidis	tryfonidis	PROPN
ajfa-11193	515	7	,	,	PUNCT
ajfa-11193	515	8	d.	d.	PROPN
ajfa-11193	515	9	(	(	PUNCT
ajfa-11193	515	10	2006	2006	NUM
ajfa-11193	515	11	)	)	PUNCT
ajfa-11193	515	12	.	.	PUNCT
ajfa-11193	516	1	relationship	relationship	NOUN
ajfa-11193	516	2	between	between	ADP
ajfa-11193	516	3	working	work	VERB
ajfa-11193	516	4	capital	capital	NOUN
ajfa-11193	516	5	management	management	NOUN
ajfa-11193	516	6	and	and	CCONJ
ajfa-11193	516	7	profitability	profitability	NOUN
ajfa-11193	516	8	of	of	ADP
ajfa-11193	516	9	listed	list	VERB
ajfa-11193	516	10	companies	company	NOUN
ajfa-11193	516	11	in	in	ADP
ajfa-11193	516	12	the	the	DET
ajfa-11193	516	13	athens	athens	PROPN
ajfa-11193	516	14	stock	stock	PROPN
ajfa-11193	516	15	exchange	exchange	PROPN
ajfa-11193	516	16	.	.	PUNCT
ajfa-11193	517	1	journal	journal	NOUN
ajfa-11193	517	2	of	of	ADP
ajfa-11193	517	3	financial	financial	ADJ
ajfa-11193	517	4	management	management	NOUN
ajfa-11193	517	5	and	and	CCONJ
ajfa-11193	517	6	analysis	analysis	NOUN
ajfa-11193	517	7	,	,	PUNCT
ajfa-11193	517	8	19(1	19(1	NUM
ajfa-11193	517	9	)	)	PUNCT
ajfa-11193	517	10	.	.	PUNCT
ajfa-11193	518	1	lee	lee	PROPN
ajfa-11193	518	2	,	,	PUNCT
ajfa-11193	518	3	f.	f.	PROPN
ajfa-11193	518	4	p.(2009	p.(2009	PROPN
ajfa-11193	518	5	)	)	PUNCT
ajfa-11193	518	6	.	.	PUNCT
ajfa-11193	519	1	factors	factor	NOUN
ajfa-11193	519	2	affecting	affect	VERB
ajfa-11193	519	3	the	the	DET
ajfa-11193	519	4	profitability	profitability	NOUN
ajfa-11193	519	5	of	of	ADP
ajfa-11193	519	6	construction	construction	NOUN
ajfa-11193	519	7	companies	company	NOUN
ajfa-11193	519	8	in	in	ADP
ajfa-11193	519	9	hong	hong	PROPN
ajfa-11193	519	10	kong	kong	PROPN
ajfa-11193	519	11	.	.	PUNCT
ajfa-11193	520	1	(	(	PUNCT
ajfa-11193	520	2	doctoral	doctoral	ADJ
ajfa-11193	520	3	dissertation	dissertation	NOUN
ajfa-11193	520	4	)	)	PUNCT
ajfa-11193	520	5	.	.	PUNCT
ajfa-11193	521	1	pokfulan	pokfulan	PROPN
ajfa-11193	521	2	,	,	PUNCT
ajfa-11193	521	3	hongkong	hongkong	PROPN
ajfa-11193	521	4	:	:	PUNCT
ajfa-11193	521	5	the	the	DET
ajfa-11193	521	6	university	university	NOUN
ajfa-11193	521	7	of	of	ADP
ajfa-11193	521	8	hong	hong	PROPN
ajfa-11193	521	9	kong	kong	PROPN
ajfa-11193	521	10	.	.	PUNCT
ajfa-11193	522	1	limbago	limbago	PROPN
ajfa-11193	522	2	,	,	PUNCT
ajfa-11193	522	3	e.	e.	PROPN
ajfa-11193	522	4	,	,	PUNCT
ajfa-11193	522	5	&	&	CCONJ
ajfa-11193	522	6	juniarti	juniarti	PROPN
ajfa-11193	522	7	(	(	PUNCT
ajfa-11193	522	8	2014	2014	NUM
ajfa-11193	522	9	)	)	PUNCT
ajfa-11193	522	10	.	.	PUNCT
ajfa-11193	523	1	pengaruh	pengaruh	PROPN
ajfa-11193	523	2	family	family	PROPN
ajfa-11193	523	3	control	control	PROPN
ajfa-11193	523	4	terhadap	terhadap	PROPN
ajfa-11193	523	5	profitabilitas	profitabilitas	PROPN
ajfa-11193	523	6	dan	dan	PROPN
ajfa-11193	523	7	nilai	nilai	PROPN
ajfa-11193	523	8	perusahaan	perusahaan	PROPN
ajfa-11193	523	9	pada	pada	PROPN
ajfa-11193	523	10	sektor	sektor	PROPN
ajfa-11193	523	11	properti	properti	PROPN
ajfa-11193	523	12	dan	dan	PROPN
ajfa-11193	523	13	real	real	ADJ
ajfa-11193	523	14	estate	estate	NOUN
ajfa-11193	523	15	[	[	X
ajfa-11193	523	16	the	the	DET
ajfa-11193	523	17	influence	influence	NOUN
ajfa-11193	523	18	of	of	ADP
ajfa-11193	523	19	family	family	NOUN
ajfa-11193	523	20	control	control	NOUN
ajfa-11193	523	21	toward	toward	ADP
ajfa-11193	523	22	profitability	profitability	NOUN
ajfa-11193	523	23	and	and	CCONJ
ajfa-11193	523	24	company	company	NOUN
ajfa-11193	523	25	value	value	NOUN
ajfa-11193	523	26	in	in	ADP
ajfa-11193	523	27	property	property	NOUN
ajfa-11193	523	28	and	and	CCONJ
ajfa-11193	523	29	real	real	ADJ
ajfa-11193	523	30	estate	estate	NOUN
ajfa-11193	523	31	sector	sector	NOUN
ajfa-11193	523	32	]	]	PUNCT
ajfa-11193	523	33	.	.	PUNCT
ajfa-11193	524	1	business	business	NOUN
ajfa-11193	524	2	accounting	accounting	PROPN
ajfa-11193	524	3	review	review	PROPN
ajfa-11193	524	4	,	,	PUNCT
ajfa-11193	524	5	2(1	2(1	NUM
ajfa-11193	524	6	)	)	PUNCT
ajfa-11193	524	7	,	,	PUNCT
ajfa-11193	524	8	151	151	NUM
ajfa-11193	524	9	-	-	SYM
ajfa-11193	524	10	159	159	NUM
ajfa-11193	524	11	.	.	PUNCT
ajfa-11193	525	1	maberya	maberya	NOUN
ajfa-11193	525	2	,	,	PUNCT
ajfa-11193	525	3	n.	n.	PROPN
ajfa-11193	525	4	p.	p.	PROPN
ajfa-11193	525	5	e.	e.	PROPN
ajfa-11193	525	6	,	,	PUNCT
ajfa-11193	525	7	&	&	CCONJ
ajfa-11193	525	8	suaryana	suaryana	PROPN
ajfa-11193	525	9	,	,	PUNCT
ajfa-11193	525	10	a.	a.	NOUN
ajfa-11193	525	11	(	(	PUNCT
ajfa-11193	525	12	2009	2009	NUM
ajfa-11193	525	13	)	)	PUNCT
ajfa-11193	525	14	.	.	PUNCT
ajfa-11193	526	1	pengaruh	pengaruh	NOUN
ajfa-11193	526	2	pemoderasi	pemoderasi	NOUN
ajfa-11193	526	3	pertumbuhan	pertumbuhan	PROPN
ajfa-11193	526	4	laba	laba	PROPN
ajfa-11193	526	5	terhadap	terhadap	PROPN
ajfa-11193	526	6	hubungan	hubungan	PROPN
ajfa-11193	526	7	antara	antara	PROPN
ajfa-11193	526	8	ukuran	ukuran	PROPN
ajfa-11193	526	9	perusahaan	perusahaan	PROPN
ajfa-11193	526	10	,	,	PUNCT
ajfa-11193	526	11	debt	debt	NOUN
ajfa-11193	526	12	to	to	ADP
ajfa-11193	526	13	equity	equity	NOUN
ajfa-11193	526	14	ratio	ratio	PROPN
ajfa-11193	526	15	dengan	dengan	PROPN
ajfa-11193	526	16	profitabilitas	profitabilitas	PROPN
ajfa-11193	526	17	pada	pada	PROPN
ajfa-11193	526	18	perusahaan	perusahaan	PROPN
ajfa-11193	526	19	perbankan	perbankan	PROPN
ajfa-11193	526	20	yang	yang	PROPN
ajfa-11193	526	21	terdaftar	terdaftar	PROPN
ajfa-11193	526	22	di	di	PROPN
ajfa-11193	526	23	pt	pt	PROPN
ajfa-11193	526	24	.	.	PROPN
ajfa-11193	526	25	bursa	bursa	PROPN
ajfa-11193	526	26	efek	efek	NOUN
ajfa-11193	526	27	jakarta	jakarta	PROPN
ajfa-11193	527	1	[	[	X
ajfa-11193	527	2	the	the	DET
ajfa-11193	527	3	influence	influence	NOUN
ajfa-11193	527	4	of	of	ADP
ajfa-11193	527	5	profit	profit	NOUN
ajfa-11193	527	6	growth	growth	NOUN
ajfa-11193	527	7	moderating	moderate	VERB
ajfa-11193	527	8	variable	variable	NOUN
ajfa-11193	527	9	toward	toward	ADP
ajfa-11193	527	10	the	the	DET
ajfa-11193	527	11	relationship	relationship	NOUN
ajfa-11193	527	12	between	between	ADP
ajfa-11193	527	13	the	the	DET
ajfa-11193	527	14	company	company	NOUN
ajfa-11193	527	15	size	size	NOUN
ajfa-11193	527	16	,	,	PUNCT
ajfa-11193	527	17	debt	debt	NOUN
ajfa-11193	527	18	to	to	ADP
ajfa-11193	527	19	equity	equity	NOUN
ajfa-11193	527	20	ratio	ratio	NOUN
ajfa-11193	527	21	with	with	ADP
ajfa-11193	527	22	profitability	profitability	NOUN
ajfa-11193	527	23	on	on	ADP
ajfa-11193	527	24	listed	list	VERB
ajfa-11193	527	25	bank	bank	NOUN
ajfa-11193	527	26	in	in	ADP
ajfa-11193	527	27	indonesia	indonesia	PROPN
ajfa-11193	527	28	stock	stock	PROPN
ajfa-11193	527	29	exchange	exchange	PROPN
ajfa-11193	527	30	]	]	PUNCT
ajfa-11193	527	31	.	.	PUNCT
ajfa-11193	528	1	scientific	scientific	ADJ
ajfa-11193	528	2	journal	journal	NOUN
ajfa-11193	528	3	of	of	ADP
ajfa-11193	528	4	accounting	accounting	NOUN
ajfa-11193	528	5	and	and	CCONJ
ajfa-11193	528	6	business	business	NOUN
ajfa-11193	528	7	,	,	PUNCT
ajfa-11193	528	8	4(1	4(1	NOUN
ajfa-11193	528	9	)	)	PUNCT
ajfa-11193	528	10	,	,	PUNCT
ajfa-11193	528	11	1	1	NUM
ajfa-11193	528	12	-	-	SYM
ajfa-11193	528	13	16	16	NUM
ajfa-11193	528	14	.	.	PUNCT
ajfa-11193	529	1	mahmood	mahmood	PROPN
ajfa-11193	529	2	,	,	PUNCT
ajfa-11193	529	3	w.m	w.m	PROPN
ajfa-11193	529	4	.	.	PROPN
ajfa-11193	529	5	w.	w.	PROPN
ajfa-11193	529	6	,	,	PUNCT
ajfa-11193	529	7	&	&	CCONJ
ajfa-11193	529	8	zakaria	zakaria	PROPN
ajfa-11193	529	9	,	,	PUNCT
ajfa-11193	529	10	r.	r.	PROPN
ajfa-11193	529	11	(	(	PUNCT
ajfa-11193	529	12	2007	2007	NUM
ajfa-11193	529	13	)	)	PUNCT
ajfa-11193	529	14	.	.	PUNCT
ajfa-11193	530	1	profitability	profitability	NOUN
ajfa-11193	530	2	and	and	CCONJ
ajfa-11193	530	3	capital	capital	NOUN
ajfa-11193	530	4	structure	structure	NOUN
ajfa-11193	530	5	of	of	ADP
ajfa-11193	530	6	the	the	DET
ajfa-11193	530	7	property	property	NOUN
ajfa-11193	530	8	and	and	CCONJ
ajfa-11193	530	9	construction	construction	NOUN
ajfa-11193	530	10	sectors	sector	NOUN
ajfa-11193	530	11	in	in	ADP
ajfa-11193	530	12	malaysia	malaysia	PROPN
ajfa-11193	530	13	.	.	PUNCT
ajfa-11193	531	1	pacific	pacific	PROPN
ajfa-11193	531	2	rim	rim	PROPN
ajfa-11193	531	3	property	property	PROPN
ajfa-11193	531	4	research	research	NOUN
ajfa-11193	531	5	journal	journal	NOUN
ajfa-11193	531	6	,	,	PUNCT
ajfa-11193	531	7	13(1	13(1	NUM
ajfa-11193	531	8	)	)	PUNCT
ajfa-11193	531	9	,	,	PUNCT
ajfa-11193	531	10	92	92	NUM
ajfa-11193	531	11	-	-	SYM
ajfa-11193	531	12	105	105	NUM
ajfa-11193	531	13	.	.	PUNCT
ajfa-11193	532	1	https://doi.org/10.1080/14445921.2007.11104224	https://doi.org/10.1080/14445921.2007.11104224	X
ajfa-11193	533	1	margaretha	margaretha	PROPN
ajfa-11193	533	2	,	,	PUNCT
ajfa-11193	533	3	f.	f.	PROPN
ajfa-11193	533	4	,	,	PUNCT
ajfa-11193	533	5	&	&	CCONJ
ajfa-11193	533	6	supartika	supartika	PROPN
ajfa-11193	533	7	,	,	PUNCT
ajfa-11193	533	8	n.	n.	NOUN
ajfa-11193	533	9	(	(	PUNCT
ajfa-11193	533	10	2015	2015	NUM
ajfa-11193	533	11	)	)	PUNCT
ajfa-11193	533	12	.	.	PUNCT
ajfa-11193	534	1	factors	factor	NOUN
ajfa-11193	534	2	affecting	affect	VERB
ajfa-11193	534	3	profitability	profitability	NOUN
ajfa-11193	534	4	of	of	ADP
ajfa-11193	534	5	small	small	ADJ
ajfa-11193	534	6	medium	medium	ADJ
ajfa-11193	534	7	enterprises	enterprise	NOUN
ajfa-11193	534	8	(	(	PUNCT
ajfa-11193	534	9	smes	sme	NOUN
ajfa-11193	534	10	)	)	PUNCT
ajfa-11193	534	11	firm	firm	NOUN
ajfa-11193	534	12	listed	list	VERB
ajfa-11193	534	13	in	in	ADP
ajfa-11193	534	14	indonesia	indonesia	PROPN
ajfa-11193	534	15	stock	stock	PROPN
ajfa-11193	534	16	exchange	exchange	PROPN
ajfa-11193	534	17	.	.	PUNCT
ajfa-11193	535	1	journal	journal	PROPN
ajfa-11193	535	2	of	of	ADP
ajfa-11193	535	3	economics	economic	NOUN
ajfa-11193	535	4	,	,	PUNCT
ajfa-11193	535	5	business	business	NOUN
ajfa-11193	535	6	and	and	CCONJ
ajfa-11193	535	7	management	management	NOUN
ajfa-11193	535	8	,	,	PUNCT
ajfa-11193	535	9	4(2	4(2	NUM
ajfa-11193	535	10	)	)	PUNCT
ajfa-11193	535	11	,	,	PUNCT
ajfa-11193	535	12	132	132	NUM
ajfa-11193	535	13	-	-	SYM
ajfa-11193	535	14	137	137	NUM
ajfa-11193	535	15	.	.	PUNCT
ajfa-11193	536	1	https://doi.org/10.7763/joebm.2016.v4.379	https://doi.org/10.7763/joebm.2016.v4.379	PROPN
ajfa-11193	536	2	martani	martani	PROPN
ajfa-11193	536	3	,	,	PUNCT
ajfa-11193	536	4	d.	d.	PROPN
ajfa-11193	536	5	,	,	PUNCT
ajfa-11193	536	6	&	&	CCONJ
ajfa-11193	536	7	munaiseche	munaiseche	PROPN
ajfa-11193	536	8	,	,	PUNCT
ajfa-11193	536	9	r.	r.	PROPN
ajfa-11193	536	10	r.	r.	PROPN
ajfa-11193	536	11	(	(	PUNCT
ajfa-11193	536	12	2010	2010	NUM
ajfa-11193	536	13	)	)	PUNCT
ajfa-11193	536	14	.	.	PUNCT
ajfa-11193	537	1	factors	factor	NOUN
ajfa-11193	537	2	affecting	affect	VERB
ajfa-11193	537	3	profitability	profitability	NOUN
ajfa-11193	537	4	of	of	ADP
ajfa-11193	537	5	multi	multi	ADJ
ajfa-11193	537	6	-	-	ADJ
ajfa-11193	537	7	finance	finance	ADJ
ajfa-11193	537	8	company	company	NOUN
ajfa-11193	537	9	in	in	ADP
ajfa-11193	537	10	indonesia	indonesia	PROPN
ajfa-11193	537	11	.	.	PUNCT
ajfa-11193	538	1	china	china	PROPN
ajfa-11193	538	2	-	-	PUNCT
ajfa-11193	538	3	usa	usa	PROPN
ajfa-11193	538	4	business	business	PROPN
ajfa-11193	538	5	review	review	PROPN
ajfa-11193	538	6	,	,	PUNCT
ajfa-11193	538	7	9(5	9(5	NUM
ajfa-11193	538	8	)	)	PUNCT
ajfa-11193	538	9	,	,	PUNCT
ajfa-11193	538	10	53	53	NUM
ajfa-11193	538	11	.	.	PUNCT
ajfa-11193	538	12	mayasari	mayasari	PROPN
ajfa-11193	538	13	,	,	PUNCT
ajfa-11193	538	14	e.	e.	PROPN
ajfa-11193	538	15	y.	y.	PROPN
ajfa-11193	538	16	(	(	PUNCT
ajfa-11193	538	17	2012	2012	NUM
ajfa-11193	538	18	)	)	PUNCT
ajfa-11193	538	19	.	.	PUNCT
ajfa-11193	539	1	studi	studi	PROPN
ajfa-11193	539	2	profitabilitas	profitabilitas	PROPN
ajfa-11193	539	3	pada	pada	PROPN
ajfa-11193	539	4	perusahaan	perusahaan	PROPN
ajfa-11193	539	5	real	real	PROPN
ajfa-11193	539	6	estate	estate	NOUN
ajfa-11193	539	7	dan	dan	PROPN
ajfa-11193	539	8	property	property	PROPN
ajfa-11193	539	9	di	di	NOUN
ajfa-11193	539	10	bei	bei	X
ajfa-11193	540	1	[	[	X
ajfa-11193	540	2	study	study	NOUN
ajfa-11193	540	3	of	of	ADP
ajfa-11193	540	4	profitability	profitability	NOUN
ajfa-11193	540	5	in	in	ADP
ajfa-11193	540	6	real	real	ADJ
ajfa-11193	540	7	estate	estate	NOUN
ajfa-11193	540	8	and	and	CCONJ
ajfa-11193	540	9	property	property	NOUN
ajfa-11193	540	10	companies	company	NOUN
ajfa-11193	540	11	in	in	ADP
ajfa-11193	540	12	indonesia	indonesia	PROPN
ajfa-11193	540	13	stock	stock	PROPN
ajfa-11193	540	14	exchange	exchange	PROPN
ajfa-11193	540	15	]	]	PUNCT
ajfa-11193	540	16	.	.	PUNCT
ajfa-11193	541	1	accounting	account	VERB
ajfa-11193	541	2	analysis	analysis	NOUN
ajfa-11193	541	3	journal,1(2	journal,1(2	PROPN
ajfa-11193	541	4	)	)	PUNCT
ajfa-11193	541	5	,	,	PUNCT
ajfa-11193	541	6	1	1	NUM
ajfa-11193	541	7	-	-	SYM
ajfa-11193	541	8	6	6	NUM
ajfa-11193	541	9	.	.	PUNCT
ajfa-11193	542	1	mehta	mehta	PROPN
ajfa-11193	542	2	,	,	PUNCT
ajfa-11193	542	3	a.	a.	NOUN
ajfa-11193	542	4	(	(	PUNCT
ajfa-11193	542	5	2014	2014	NUM
ajfa-11193	542	6	)	)	PUNCT
ajfa-11193	542	7	.	.	PUNCT
ajfa-11193	543	1	working	work	VERB
ajfa-11193	543	2	capital	capital	NOUN
ajfa-11193	543	3	management	management	NOUN
ajfa-11193	543	4	and	and	CCONJ
ajfa-11193	543	5	profitability	profitability	NOUN
ajfa-11193	543	6	relationship	relationship	NOUN
ajfa-11193	543	7	-	-	PUNCT
ajfa-11193	543	8	evidences	evidence	NOUN
ajfa-11193	543	9	from	from	ADP
ajfa-11193	543	10	emerging	emerge	VERB
ajfa-11193	543	11	markets	market	NOUN
ajfa-11193	543	12	of	of	ADP
ajfa-11193	543	13	uae	uae	PROPN
ajfa-11193	543	14	.	.	PUNCT
ajfa-11193	544	1	international	international	PROPN
ajfa-11193	544	2	journal	journal	PROPN
ajfa-11193	544	3	of	of	ADP
ajfa-11193	544	4	management	management	NOUN
ajfa-11193	544	5	excellence	excellence	PROPN
ajfa-11193	544	6	,	,	PUNCT
ajfa-11193	544	7	2(3	2(3	NUM
ajfa-11193	544	8	)	)	PUNCT
ajfa-11193	544	9	,	,	PUNCT
ajfa-11193	544	10	195	195	NUM
ajfa-11193	544	11	-	-	SYM
ajfa-11193	544	12	202	202	NUM
ajfa-11193	544	13	.	.	PUNCT
ajfa-11193	545	1	https://doi.org/10.17722/ijme.v2i3.73	https://doi.org/10.17722/ijme.v2i3.73	PROPN
ajfa-11193	546	1	modigliani	modigliani	PROPN
ajfa-11193	546	2	,	,	PUNCT
ajfa-11193	546	3	f.	f.	PROPN
ajfa-11193	546	4	,	,	PUNCT
ajfa-11193	546	5	&	&	CCONJ
ajfa-11193	546	6	miller	miller	PROPN
ajfa-11193	546	7	,	,	PUNCT
ajfa-11193	546	8	m.	m.	NOUN
ajfa-11193	546	9	h.	h.	PROPN
ajfa-11193	546	10	(	(	PUNCT
ajfa-11193	546	11	1963	1963	NUM
ajfa-11193	546	12	)	)	PUNCT
ajfa-11193	546	13	.	.	PUNCT
ajfa-11193	547	1	corporate	corporate	ADJ
ajfa-11193	547	2	income	income	NOUN
ajfa-11193	547	3	taxes	taxis	NOUN
ajfa-11193	547	4	and	and	CCONJ
ajfa-11193	547	5	the	the	DET
ajfa-11193	547	6	cost	cost	NOUN
ajfa-11193	547	7	of	of	ADP
ajfa-11193	547	8	capital	capital	NOUN
ajfa-11193	547	9	:	:	PUNCT
ajfa-11193	547	10	a	a	DET
ajfa-11193	547	11	correction	correction	NOUN
ajfa-11193	547	12	.	.	PUNCT
ajfa-11193	548	1	the	the	DET
ajfa-11193	548	2	american	american	PROPN
ajfa-11193	548	3	economic	economic	PROPN
ajfa-11193	548	4	review	review	PROPN
ajfa-11193	548	5	,	,	PUNCT
ajfa-11193	548	6	53(3	53(3	NUM
ajfa-11193	548	7	)	)	PUNCT
ajfa-11193	548	8	,	,	PUNCT
ajfa-11193	548	9	433	433	NUM
ajfa-11193	548	10	-	-	SYM
ajfa-11193	548	11	443	443	NUM
ajfa-11193	548	12	.	.	PUNCT
ajfa-11193	549	1	asian	asian	ADJ
ajfa-11193	549	2	journal	journal	PROPN
ajfa-11193	549	3	of	of	ADP
ajfa-11193	549	4	finance	finance	PROPN
ajfa-11193	549	5	&	&	CCONJ
ajfa-11193	549	6	accounting	accounting	PROPN
ajfa-11193	549	7	issn	issn	PROPN
ajfa-11193	549	8	1946	1946	NUM
ajfa-11193	549	9	-	-	PUNCT
ajfa-11193	549	10	052x	052x	PROPN
ajfa-11193	549	11	2017	2017	NUM
ajfa-11193	549	12	,	,	PUNCT
ajfa-11193	549	13	vol	vol	NOUN
ajfa-11193	549	14	.	.	NOUN
ajfa-11193	549	15	9	9	NUM
ajfa-11193	549	16	,	,	PUNCT
ajfa-11193	549	17	no	no	INTJ
ajfa-11193	549	18	.	.	NOUN
ajfa-11193	549	19	1	1	NUM
ajfa-11193	549	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	549	21	425	425	NUM
ajfa-11193	549	22	obert	obert	ADJ
ajfa-11193	549	23	,	,	PUNCT
ajfa-11193	549	24	m.	m.	NOUN
ajfa-11193	549	25	,	,	PUNCT
ajfa-11193	549	26	&	&	CCONJ
ajfa-11193	549	27	olawale	olawale	PROPN
ajfa-11193	549	28	,	,	PUNCT
ajfa-11193	549	29	f.	f.	PROPN
ajfa-11193	549	30	(	(	PUNCT
ajfa-11193	549	31	2010	2010	NUM
ajfa-11193	549	32	)	)	PUNCT
ajfa-11193	549	33	.	.	PUNCT
ajfa-11193	550	1	does	do	AUX
ajfa-11193	550	2	debt	debt	NOUN
ajfa-11193	550	3	really	really	ADV
ajfa-11193	550	4	matter	matter	ADV
ajfa-11193	550	5	on	on	ADP
ajfa-11193	550	6	the	the	DET
ajfa-11193	550	7	profitability	profitability	NOUN
ajfa-11193	550	8	of	of	ADP
ajfa-11193	550	9	small	small	ADJ
ajfa-11193	550	10	firms	firm	NOUN
ajfa-11193	550	11	?	?	PUNCT
ajfa-11193	551	1	a	a	DET
ajfa-11193	551	2	perspective	perspective	NOUN
ajfa-11193	551	3	on	on	ADP
ajfa-11193	551	4	small	small	ADJ
ajfa-11193	551	5	manufacturing	manufacturing	NOUN
ajfa-11193	551	6	firms	firm	NOUN
ajfa-11193	551	7	in	in	ADP
ajfa-11193	551	8	bulawayo	bulawayo	PROPN
ajfa-11193	551	9	,	,	PUNCT
ajfa-11193	551	10	zimbabwe	zimbabwe	PROPN
ajfa-11193	551	11	.	.	PUNCT
ajfa-11193	551	12	african	african	ADJ
ajfa-11193	551	13	journal	journal	PROPN
ajfa-11193	551	14	of	of	ADP
ajfa-11193	551	15	business	business	NOUN
ajfa-11193	551	16	management	management	NOUN
ajfa-11193	551	17	,	,	PUNCT
ajfa-11193	551	18	4(9	4(9	NUM
ajfa-11193	551	19	)	)	PUNCT
ajfa-11193	551	20	,	,	PUNCT
ajfa-11193	551	21	1709	1709	NUM
ajfa-11193	551	22	-	-	SYM
ajfa-11193	551	23	1716	1716	NUM
ajfa-11193	551	24	.	.	PUNCT
ajfa-11193	552	1	pervan	pervan	NOUN
ajfa-11193	552	2	,	,	PUNCT
ajfa-11193	552	3	m.	m.	NOUN
ajfa-11193	552	4	,	,	PUNCT
ajfa-11193	552	5	&	&	CCONJ
ajfa-11193	552	6	višić	višić	PROPN
ajfa-11193	552	7	,	,	PUNCT
ajfa-11193	552	8	j.	j.	PROPN
ajfa-11193	552	9	(	(	PUNCT
ajfa-11193	552	10	2012	2012	NUM
ajfa-11193	552	11	)	)	PUNCT
ajfa-11193	552	12	.	.	PUNCT
ajfa-11193	553	1	influence	influence	NOUN
ajfa-11193	553	2	of	of	ADP
ajfa-11193	553	3	firm	firm	ADJ
ajfa-11193	553	4	size	size	NOUN
ajfa-11193	553	5	on	on	ADP
ajfa-11193	553	6	its	its	PRON
ajfa-11193	553	7	business	business	NOUN
ajfa-11193	553	8	success	success	NOUN
ajfa-11193	553	9	.	.	PUNCT
ajfa-11193	554	1	croatian	croatian	ADJ
ajfa-11193	554	2	operational	operational	ADJ
ajfa-11193	554	3	research	research	PROPN
ajfa-11193	554	4	review	review	PROPN
ajfa-11193	554	5	,	,	PUNCT
ajfa-11193	554	6	3(1	3(1	NUM
ajfa-11193	554	7	)	)	PUNCT
ajfa-11193	554	8	,	,	PUNCT
ajfa-11193	554	9	213	213	NUM
ajfa-11193	554	10	-	-	SYM
ajfa-11193	554	11	223	223	NUM
ajfa-11193	554	12	.	.	PUNCT
ajfa-11193	555	1	shin	shin	PROPN
ajfa-11193	555	2	,	,	PUNCT
ajfa-11193	555	3	h.	h.	PROPN
ajfa-11193	555	4	h.	h.	PROPN
ajfa-11193	555	5	,	,	PUNCT
ajfa-11193	555	6	&	&	CCONJ
ajfa-11193	555	7	soenen	soenen	PROPN
ajfa-11193	555	8	,	,	PUNCT
ajfa-11193	555	9	l.	l.	PROPN
ajfa-11193	555	10	(	(	PUNCT
ajfa-11193	555	11	1998	1998	NUM
ajfa-11193	555	12	)	)	PUNCT
ajfa-11193	555	13	.	.	PUNCT
ajfa-11193	556	1	efficiency	efficiency	NOUN
ajfa-11193	556	2	of	of	ADP
ajfa-11193	556	3	working	work	VERB
ajfa-11193	556	4	capital	capital	NOUN
ajfa-11193	556	5	management	management	NOUN
ajfa-11193	556	6	and	and	CCONJ
ajfa-11193	556	7	corporate	corporate	ADJ
ajfa-11193	556	8	profitability	profitability	NOUN
ajfa-11193	556	9	.	.	PUNCT
ajfa-11193	557	1	financial	financial	ADJ
ajfa-11193	557	2	practice	practice	NOUN
ajfa-11193	557	3	and	and	CCONJ
ajfa-11193	557	4	education	education	NOUN
ajfa-11193	557	5	,	,	PUNCT
ajfa-11193	557	6	8	8	NUM
ajfa-11193	557	7	,	,	PUNCT
ajfa-11193	557	8	37	37	NUM
ajfa-11193	557	9	-	-	SYM
ajfa-11193	557	10	45	45	NUM
ajfa-11193	557	11	.	.	PUNCT
ajfa-11193	557	12	vieira	vieira	PROPN
ajfa-11193	557	13	,	,	PUNCT
ajfa-11193	557	14	r.	r.	PROPN
ajfa-11193	557	15	s.	s.	PROPN
ajfa-11193	557	16	(	(	PUNCT
ajfa-11193	557	17	2010	2010	NUM
ajfa-11193	557	18	)	)	PUNCT
ajfa-11193	557	19	.	.	PUNCT
ajfa-11193	558	1	the	the	DET
ajfa-11193	558	2	relationship	relationship	NOUN
ajfa-11193	558	3	between	between	ADP
ajfa-11193	558	4	liquidity	liquidity	NOUN
ajfa-11193	558	5	and	and	CCONJ
ajfa-11193	558	6	profitability	profitability	NOUN
ajfa-11193	558	7	.	.	PUNCT
ajfa-11193	559	1	(	(	PUNCT
ajfa-11193	559	2	doctoral	doctoral	ADJ
ajfa-11193	559	3	dissertation	dissertation	NOUN
ajfa-11193	559	4	)	)	PUNCT
ajfa-11193	559	5	.	.	PUNCT
ajfa-11193	560	1	sweden	sweden	PROPN
ajfa-11193	560	2	:	:	PUNCT
ajfa-11193	560	3	umeå	umeå	PROPN
ajfa-11193	560	4	university	university	PROPN
ajfa-11193	560	5	.	.	PUNCT
ajfa-11193	561	1	van	van	PROPN
ajfa-11193	561	2	der	der	ADJ
ajfa-11193	561	3	schaar	schaar	NOUN
ajfa-11193	561	4	,	,	PUNCT
ajfa-11193	561	5	r.m.a	r.m.a	NOUN
ajfa-11193	561	6	.	.	PUNCT
ajfa-11193	562	1	(	(	PUNCT
ajfa-11193	562	2	2015	2015	NUM
ajfa-11193	562	3	,	,	PUNCT
ajfa-11193	562	4	july	july	PROPN
ajfa-11193	562	5	10	10	NUM
ajfa-11193	562	6	)	)	PUNCT
ajfa-11193	562	7	.	.	PUNCT
ajfa-11193	563	1	analysis	analysis	NOUN
ajfa-11193	563	2	indonesia	indonesia	PROPN
ajfa-11193	563	3	’s	’s	PART
ajfa-11193	563	4	property	property	NOUN
ajfa-11193	563	5	market	market	NOUN
ajfa-11193	563	6	;	;	PUNCT
ajfa-11193	563	7	overview	overview	NOUN
ajfa-11193	563	8	&	&	CCONJ
ajfa-11193	563	9	foreign	foreign	ADJ
ajfa-11193	563	10	ownership	ownership	NOUN
ajfa-11193	563	11	.	.	PUNCT
ajfa-11193	564	1	[	[	X
ajfa-11193	564	2	indonesia	indonesia	PROPN
ajfa-11193	564	3	-	-	PUNCT
ajfa-11193	564	4	investments	investment	NOUN
ajfa-11193	564	5	website	website	NOUN
ajfa-11193	564	6	]	]	PUNCT
ajfa-11193	564	7	.	.	PUNCT
ajfa-11193	565	1	retrieved	retrieve	VERB
ajfa-11193	565	2	from	from	ADP
ajfa-11193	565	3	http://www.indonesia-investments.com/news/news-columns/analysis-indonesia-s-property-m	http://www.indonesia-investments.com/news/news-columns/analysis-indonesia-s-property-m	PUNCT
ajfa-11193	565	4	arket	arket	NOUN
ajfa-11193	565	5	-	-	PUNCT
ajfa-11193	565	6	overview	overview	NOUN
ajfa-11193	565	7	-	-	PUNCT
ajfa-11193	565	8	foreign	foreign	ADJ
ajfa-11193	565	9	-	-	PUNCT
ajfa-11193	565	10	ownership	ownership	NOUN
ajfa-11193	565	11	/	/	SYM
ajfa-11193	565	12	item5728	item5728	PROPN
ajfa-11193	565	13	wu	wu	PROPN
ajfa-11193	565	14	,	,	PUNCT
ajfa-11193	565	15	c.	c.	PROPN
ajfa-11193	565	16	h.	h.	PROPN
ajfa-11193	565	17	,	,	PUNCT
ajfa-11193	565	18	&	&	CCONJ
ajfa-11193	565	19	hsieh	hsieh	PROPN
ajfa-11193	565	20	,	,	PUNCT
ajfa-11193	565	21	t.	t.	PROPN
ajfa-11193	565	22	y.	y.	PROPN
ajfa-11193	565	23	(	(	PUNCT
ajfa-11193	565	24	2006	2006	NUM
ajfa-11193	565	25	)	)	PUNCT
ajfa-11193	565	26	.	.	PUNCT
ajfa-11193	566	1	debt	debt	NOUN
ajfa-11193	566	2	ratio	ratio	NOUN
ajfa-11193	566	3	analysis	analysis	NOUN
ajfa-11193	566	4	of	of	ADP
ajfa-11193	566	5	taiwan	taiwan	PROPN
ajfa-11193	566	6	’s	’s	PART
ajfa-11193	566	7	property	property	NOUN
ajfa-11193	566	8	development	development	NOUN
ajfa-11193	566	9	firms	firm	NOUN
ajfa-11193	566	10	under	under	ADP
ajfa-11193	566	11	contraction	contraction	NOUN
ajfa-11193	566	12	.	.	PUNCT
ajfa-11193	567	1	journal	journal	PROPN
ajfa-11193	567	2	of	of	ADP
ajfa-11193	567	3	marine	marine	PROPN
ajfa-11193	567	4	science	science	NOUN
ajfa-11193	567	5	and	and	CCONJ
ajfa-11193	567	6	technology	technology	NOUN
ajfa-11193	567	7	,	,	PUNCT
ajfa-11193	567	8	14(4	14(4	NUM
ajfa-11193	567	9	)	)	PUNCT
ajfa-11193	567	10	,	,	PUNCT
ajfa-11193	567	11	231	231	NUM
ajfa-11193	567	12	-	-	SYM
ajfa-11193	567	13	242	242	NUM
ajfa-11193	567	14	.	.	PUNCT
ajfa-11193	568	1	zubairi	zubairi	PROPN
ajfa-11193	568	2	,	,	PUNCT
ajfa-11193	568	3	h.	h.	PROPN
ajfa-11193	568	4	j.	j.	PROPN
ajfa-11193	568	5	(	(	PUNCT
ajfa-11193	568	6	2010	2010	NUM
ajfa-11193	568	7	)	)	PUNCT
ajfa-11193	568	8	.	.	PUNCT
ajfa-11193	569	1	an	an	DET
ajfa-11193	569	2	investigation	investigation	NOUN
ajfa-11193	569	3	of	of	ADP
ajfa-11193	569	4	the	the	DET
ajfa-11193	569	5	influence	influence	NOUN
ajfa-11193	569	6	of	of	ADP
ajfa-11193	569	7	key	key	ADJ
ajfa-11193	569	8	financial	financial	ADJ
ajfa-11193	569	9	and	and	CCONJ
ajfa-11193	569	10	economic	economic	ADJ
ajfa-11193	569	11	indicators	indicator	NOUN
ajfa-11193	569	12	on	on	ADP
ajfa-11193	569	13	profitability	profitability	NOUN
ajfa-11193	569	14	of	of	ADP
ajfa-11193	569	15	cement	cement	NOUN
ajfa-11193	569	16	sector	sector	NOUN
ajfa-11193	569	17	companies	company	NOUN
ajfa-11193	569	18	in	in	ADP
ajfa-11193	569	19	pakistan	pakistan	PROPN
ajfa-11193	569	20	.	.	PUNCT
ajfa-11193	570	1	in	in	ADP
ajfa-11193	570	2	finance	finance	NOUN
ajfa-11193	570	3	and	and	CCONJ
ajfa-11193	570	4	corporate	corporate	ADJ
ajfa-11193	570	5	governance	governance	NOUN
ajfa-11193	570	6	conference	conference	NOUN
ajfa-11193	570	7	.	.	PUNCT
ajfa-11193	571	1	https://doi.org/10.2139/ssrn.1534186	https://doi.org/10.2139/ssrn.1534186	ADJ
ajfa-11193	571	2	asian	asian	ADJ
ajfa-11193	571	3	journal	journal	NOUN
ajfa-11193	571	4	of	of	ADP
ajfa-11193	571	5	finance	finance	PROPN
ajfa-11193	571	6	&	&	CCONJ
ajfa-11193	571	7	accounting	accounting	PROPN
ajfa-11193	571	8	issn	issn	PROPN
ajfa-11193	571	9	1946	1946	NUM
ajfa-11193	571	10	-	-	PUNCT
ajfa-11193	571	11	052x	052x	PROPN
ajfa-11193	571	12	2017	2017	NUM
ajfa-11193	571	13	,	,	PUNCT
ajfa-11193	571	14	vol	vol	NOUN
ajfa-11193	571	15	.	.	NOUN
ajfa-11193	572	1	9	9	NUM
ajfa-11193	572	2	,	,	PUNCT
ajfa-11193	572	3	no	no	INTJ
ajfa-11193	572	4	.	.	NOUN
ajfa-11193	572	5	1	1	NUM
ajfa-11193	572	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	572	7	426	426	NUM
ajfa-11193	572	8	appendix	appendix	ADJ
ajfa-11193	572	9	a.	a.	NOUN
ajfa-11193	572	10	list	list	NOUN
ajfa-11193	572	11	of	of	ADP
ajfa-11193	572	12	large	large	ADJ
ajfa-11193	572	13	real	real	ADJ
ajfa-11193	572	14	estate	estate	NOUN
ajfa-11193	572	15	companies	company	NOUN
ajfa-11193	572	16	selected	select	VERB
ajfa-11193	572	17	in	in	ADP
ajfa-11193	572	18	million	million	NUM
ajfa-11193	572	19	usd	usd	NOUN
ajfa-11193	572	20	(	(	PUNCT
ajfa-11193	572	21	2014/31/12	2014/31/12	NOUN
ajfa-11193	572	22	)	)	PUNCT
ajfa-11193	572	23	no	no	DET
ajfa-11193	572	24	company	company	NOUN
ajfa-11193	572	25	name	name	NOUN
ajfa-11193	572	26	code	code	PROPN
ajfa-11193	572	27	total	total	ADJ
ajfa-11193	572	28	asset	asset	NOUN
ajfa-11193	572	29	market	market	NOUN
ajfa-11193	572	30	cap	cap	NOUN
ajfa-11193	572	31	listed	list	VERB
ajfa-11193	572	32	date	date	NOUN
ajfa-11193	572	33	1	1	NUM
ajfa-11193	572	34	surya	surya	PROPN
ajfa-11193	572	35	semesta	semesta	PROPN
ajfa-11193	572	36	internusa	internusa	PROPN
ajfa-11193	572	37	ssia	ssia	NOUN
ajfa-11193	572	38	479.37	479.37	NUM
ajfa-11193	572	39	402.70	402.70	NUM
ajfa-11193	572	40	1997	1997	NUM
ajfa-11193	572	41	mar	mar	PROPN
ajfa-11193	572	42	27	27	NUM
ajfa-11193	572	43	2	2	NUM
ajfa-11193	572	44	ciputra	ciputra	ADJ
ajfa-11193	572	45	property	property	NOUN
ajfa-11193	572	46	ctrp	ctrp	NOUN
ajfa-11193	573	1	708.79	708.79	NUM
ajfa-11193	573	2	415.67	415.67	NUM
ajfa-11193	573	3	2007	2007	NUM
ajfa-11193	573	4	nov	nov	NOUN
ajfa-11193	573	5	07	07	NUM
ajfa-11193	573	6	3	3	NUM
ajfa-11193	573	7	ciputra	ciputra	PROPN
ajfa-11193	573	8	surya	surya	PROPN
ajfa-11193	573	9	ctrs	ctrs	PROPN
ajfa-11193	573	10	489.62	489.62	NUM
ajfa-11193	573	11	468.52	468.52	NUM
ajfa-11193	573	12	1999	1999	NUM
ajfa-11193	573	13	jan	jan	NOUN
ajfa-11193	573	14	15	15	NUM
ajfa-11193	573	15	4	4	NUM
ajfa-11193	573	16	kawasan	kawasan	ADJ
ajfa-11193	573	17	industri	industri	PROPN
ajfa-11193	573	18	jababeka	jababeka	PROPN
ajfa-11193	573	19	kija	kija	VERB
ajfa-11193	573	20	680.31	680.31	NUM
ajfa-11193	573	21	477.48	477.48	NUM
ajfa-11193	573	22	1995	1995	NUM
ajfa-11193	573	23	jan	jan	NOUN
ajfa-11193	573	24	10	10	NUM
ajfa-11193	573	25	5	5	NUM
ajfa-11193	573	26	adhi	adhi	PROPN
ajfa-11193	573	27	karya	karya	NOUN
ajfa-11193	573	28	adhi	adhi	VERB
ajfa-11193	573	29	836.58	836.58	NUM
ajfa-11193	573	30	501.41	501.41	NUM
ajfa-11193	573	31	2004	2004	NUM
ajfa-11193	573	32	mar	mar	PROPN
ajfa-11193	573	33	18	18	NUM
ajfa-11193	573	34	6	6	NUM
ajfa-11193	573	35	modernland	modernland	PROPN
ajfa-11193	573	36	realty	realty	PROPN
ajfa-11193	573	37	mdln	mdln	NOUN
ajfa-11193	573	38	835.62	835.62	NUM
ajfa-11193	573	39	521.29	521.29	NUM
ajfa-11193	573	40	1993	1993	NUM
ajfa-11193	573	41	jan	jan	NOUN
ajfa-11193	573	42	18	18	NUM
ajfa-11193	573	43	7	7	NUM
ajfa-11193	573	44	danayasa	danayasa	PROPN
ajfa-11193	573	45	arthatama	arthatama	NOUN
ajfa-11193	573	46	scbd	scbd	NOUN
ajfa-11193	573	47	0.45	0.45	NUM
ajfa-11193	573	48	531.45	531.45	NUM
ajfa-11193	573	49	2002	2002	NUM
ajfa-11193	573	50	apr	apr	NOUN
ajfa-11193	573	51	19	19	NUM
ajfa-11193	573	52	8	8	NUM
ajfa-11193	573	53	intiland	intiland	NOUN
ajfa-11193	573	54	development	development	PROPN
ajfa-11193	573	55	dild	dild	VERB
ajfa-11193	573	56	720.28	720.28	NUM
ajfa-11193	573	57	538.94	538.94	NUM
ajfa-11193	573	58	1991	1991	NUM
ajfa-11193	573	59	sep	sep	NOUN
ajfa-11193	573	60	04	04	NUM
ajfa-11193	573	61	9	9	NUM
ajfa-11193	573	62	agung	agung	PROPN
ajfa-11193	573	63	podomoro	podomoro	NOUN
ajfa-11193	573	64	land	land	NOUN
ajfa-11193	573	65	apln	apln	NOUN
ajfa-11193	573	66	1.89	1.89	NUM
ajfa-11193	573	67	549.34	549.34	NUM
ajfa-11193	573	68	2010	2010	NUM
ajfa-11193	573	69	nov	nov	NOUN
ajfa-11193	573	70	11	11	NUM
ajfa-11193	573	71	10	10	NUM
ajfa-11193	573	72	bekasi	bekasi	PROPN
ajfa-11193	573	73	fajar	fajar	PROPN
ajfa-11193	573	74	industrial	industrial	ADJ
ajfa-11193	573	75	estate	estate	NOUN
ajfa-11193	573	76	best	good	ADJ
ajfa-11193	573	77	292.19	292.19	NUM
ajfa-11193	573	78	563.20	563.20	NUM
ajfa-11193	573	79	2012	2012	NUM
ajfa-11193	573	80	apr	apr	NOUN
ajfa-11193	573	81	10	10	NUM
ajfa-11193	573	82	11	11	NUM
ajfa-11193	573	83	lippo	lippo	NOUN
ajfa-11193	573	84	cikarang	cikarang	NOUN
ajfa-11193	573	85	lpck	lpck	VERB
ajfa-11193	573	86	344.73	344.73	NUM
ajfa-11193	573	87	578.98	578.98	NUM
ajfa-11193	573	88	1997	1997	NUM
ajfa-11193	573	89	jul	jul	NOUN
ajfa-11193	573	90	24	24	NUM
ajfa-11193	573	91	12	12	NUM
ajfa-11193	573	92	mnc	mnc	PROPN
ajfa-11193	573	93	land	land	NOUN
ajfa-11193	573	94	kpig	kpig	PROPN
ajfa-11193	574	1	797.04	797.04	NUM
ajfa-11193	574	2	667.71	667.71	NUM
ajfa-11193	574	3	2000	2000	NUM
ajfa-11193	574	4	mar	mar	PROPN
ajfa-11193	574	5	30	30	NUM
ajfa-11193	574	6	13	13	NUM
ajfa-11193	574	7	duta	duta	NOUN
ajfa-11193	574	8	pertiwi	pertiwi	NOUN
ajfa-11193	574	9	duti	duti	NOUN
ajfa-11193	574	10	641.84	641.84	NUM
ajfa-11193	574	11	722.12	722.12	NUM
ajfa-11193	574	12	1994	1994	NUM
ajfa-11193	574	13	nov	nov	PROPN
ajfa-11193	574	14	02	02	NUM
ajfa-11193	574	15	14	14	NUM
ajfa-11193	574	16	alam	alam	PROPN
ajfa-11193	574	17	sutera	sutera	PROPN
ajfa-11193	574	18	realty	realty	PROPN
ajfa-11193	574	19	asri	asri	PROPN
ajfa-11193	574	20	1.35	1.35	NUM
ajfa-11193	574	21	880.15	880.15	NUM
ajfa-11193	574	22	2007	2007	NUM
ajfa-11193	574	23	dec	dec	PROPN
ajfa-11193	574	24	18	18	NUM
ajfa-11193	574	25	15	15	NUM
ajfa-11193	574	26	plaza	plaza	PROPN
ajfa-11193	574	27	indonesia	indonesia	PROPN
ajfa-11193	574	28	realty	realty	PROPN
ajfa-11193	574	29	plin	plin	PROPN
ajfa-11193	574	30	0.36	0.36	NUM
ajfa-11193	574	31	1064.83	1064.83	NUM
ajfa-11193	574	32	1992	1992	NUM
ajfa-11193	574	33	jun	jun	PROPN
ajfa-11193	574	34	15	15	NUM
ajfa-11193	574	35	16	16	NUM
ajfa-11193	574	36	jaya	jaya	PROPN
ajfa-11193	574	37	real	real	ADJ
ajfa-11193	574	38	property	property	NOUN
ajfa-11193	574	39	jrpt	jrpt	NOUN
ajfa-11193	574	40	0.53	0.53	NUM
ajfa-11193	574	41	1143.82	1143.82	NUM
ajfa-11193	574	42	1994	1994	NUM
ajfa-11193	574	43	jun	jun	PROPN
ajfa-11193	574	44	29	29	NUM
ajfa-11193	574	45	17	17	NUM
ajfa-11193	574	46	metropolitan	metropolitan	ADJ
ajfa-11193	574	47	kentjana	kentjana	PROPN
ajfa-11193	574	48	mkpi	mkpi	VERB
ajfa-11193	574	49	345.24	345.24	NUM
ajfa-11193	574	50	1160.40	1160.40	NUM
ajfa-11193	574	51	2009	2009	NUM
ajfa-11193	574	52	jul	jul	PROPN
ajfa-11193	574	53	10	10	NUM
ajfa-11193	574	54	18	18	NUM
ajfa-11193	574	55	pembangunan	pembangunan	NOUN
ajfa-11193	574	56	perumahan	perumahan	NOUN
ajfa-11193	574	57	ptpp	ptpp	NOUN
ajfa-11193	574	58	1,168.76	1,168.76	NUM
ajfa-11193	574	59	1384.72	1384.72	NUM
ajfa-11193	574	60	2010	2010	NUM
ajfa-11193	574	61	feb	feb	NOUN
ajfa-11193	574	62	09	09	NUM
ajfa-11193	574	63	19	19	NUM
ajfa-11193	574	64	ciputra	ciputra	PROPN
ajfa-11193	574	65	development	development	NOUN
ajfa-11193	574	66	ctra	ctra	PROPN
ajfa-11193	574	67	1,862.38	1,862.38	NUM
ajfa-11193	574	68	1516.34	1516.34	NUM
ajfa-11193	574	69	2994	2994	NUM
ajfa-11193	574	70	mar	mar	PROPN
ajfa-11193	574	71	28	28	NUM
ajfa-11193	574	72	20	20	NUM
ajfa-11193	574	73	summarecon	summarecon	NOUN
ajfa-11193	574	74	agung	agung	PROPN
ajfa-11193	574	75	smra	smra	NOUN
ajfa-11193	574	76	1.23	1.23	NUM
ajfa-11193	574	77	1754.02	1754.02	NUM
ajfa-11193	574	78	1990	1990	NUM
ajfa-11193	574	79	may	may	AUX
ajfa-11193	574	80	07	07	NUM
ajfa-11193	574	81	21	21	NUM
ajfa-11193	574	82	wijaya	wijaya	NOUN
ajfa-11193	574	83	karya	karya	PROPN
ajfa-11193	574	84	wika	wika	X
ajfa-11193	574	85	1.27	1.27	NUM
ajfa-11193	574	86	1810.04	1810.04	NUM
ajfa-11193	574	87	2007	2007	NUM
ajfa-11193	574	88	oct	oct	NOUN
ajfa-11193	574	89	29	29	NUM
ajfa-11193	574	90	22	22	NUM
ajfa-11193	574	91	lippo	lippo	NOUN
ajfa-11193	574	92	karawaci	karawaci	NOUN
ajfa-11193	574	93	lpkr	lpkr	PROPN
ajfa-11193	574	94	3,020.41	3,020.41	NUM
ajfa-11193	574	95	1882.84	1882.84	NUM
ajfa-11193	574	96	1996	1996	NUM
ajfa-11193	574	97	jun	jun	PROPN
ajfa-11193	574	98	28	28	NUM
ajfa-11193	574	99	23	23	NUM
ajfa-11193	574	100	pakuwon	pakuwon	ADJ
ajfa-11193	574	101	jati	jati	NOUN
ajfa-11193	574	102	pwon	pwon	VERB
ajfa-11193	574	103	1.34	1.34	NUM
ajfa-11193	574	104	1983.86	1983.86	NUM
ajfa-11193	574	105	1989	1989	NUM
ajfa-11193	574	106	oct	oct	NOUN
ajfa-11193	574	107	19	19	NUM
ajfa-11193	574	108	24	24	NUM
ajfa-11193	574	109	bumi	bumi	PROPN
ajfa-11193	574	110	serpong	serpong	PROPN
ajfa-11193	574	111	damai	damai	PROPN
ajfa-11193	574	112	bsde	bsde	PROPN
ajfa-11193	574	113	2,250.42	2,250.42	NUM
ajfa-11193	574	114	2652.47	2652.47	NUM
ajfa-11193	574	115	2008	2008	NUM
ajfa-11193	574	116	jun	jun	PROPN
ajfa-11193	574	117	06	06	NUM
ajfa-11193	574	118	asian	asian	ADJ
ajfa-11193	574	119	journal	journal	NOUN
ajfa-11193	574	120	of	of	ADP
ajfa-11193	574	121	finance	finance	PROPN
ajfa-11193	574	122	&	&	CCONJ
ajfa-11193	574	123	accounting	accounting	PROPN
ajfa-11193	574	124	issn	issn	PROPN
ajfa-11193	574	125	1946	1946	NUM
ajfa-11193	574	126	-	-	PUNCT
ajfa-11193	574	127	052x	052x	PROPN
ajfa-11193	574	128	2017	2017	NUM
ajfa-11193	574	129	,	,	PUNCT
ajfa-11193	574	130	vol	vol	NOUN
ajfa-11193	574	131	.	.	NOUN
ajfa-11193	574	132	9	9	NUM
ajfa-11193	574	133	,	,	PUNCT
ajfa-11193	574	134	no	no	INTJ
ajfa-11193	574	135	.	.	NOUN
ajfa-11193	574	136	1	1	NUM
ajfa-11193	574	137	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	574	138	427	427	NUM
ajfa-11193	574	139	appendix	appendix	NOUN
ajfa-11193	574	140	table	table	NOUN
ajfa-11193	574	141	b.	b.	NOUN
ajfa-11193	574	142	list	list	NOUN
ajfa-11193	574	143	of	of	ADP
ajfa-11193	574	144	medium	medium	ADJ
ajfa-11193	574	145	real	real	ADJ
ajfa-11193	574	146	estate	estate	NOUN
ajfa-11193	574	147	companies	company	NOUN
ajfa-11193	574	148	selected	select	VERB
ajfa-11193	574	149	in	in	ADP
ajfa-11193	574	150	million	million	NUM
ajfa-11193	574	151	usd	usd	NOUN
ajfa-11193	574	152	(	(	PUNCT
ajfa-11193	574	153	2014/31/12	2014/31/12	NOUN
ajfa-11193	574	154	)	)	PUNCT
ajfa-11193	574	155	no	no	DET
ajfa-11193	574	156	company	company	NOUN
ajfa-11193	574	157	name	name	NOUN
ajfa-11193	574	158	code	code	PROPN
ajfa-11193	574	159	total	total	ADJ
ajfa-11193	574	160	asset	asset	NOUN
ajfa-11193	574	161	market	market	NOUN
ajfa-11193	574	162	cap	cap	NOUN
ajfa-11193	574	163	listed	list	VERB
ajfa-11193	574	164	date	date	NOUN
ajfa-11193	574	165	1	1	X
ajfa-11193	574	166	.	.	PUNCT
ajfa-11193	574	167	bumi	bumi	PROPN
ajfa-11193	574	168	citra	citra	PROPN
ajfa-11193	574	169	permai	permai	PROPN
ajfa-11193	574	170	bcip	bcip	PROPN
ajfa-11193	574	171	47.22	47.22	NUM
ajfa-11193	574	172	88.07	88.07	NUM
ajfa-11193	574	173	2009	2009	NUM
ajfa-11193	574	174	dec	dec	PROPN
ajfa-11193	574	175	11	11	NUM
ajfa-11193	574	176	2	2	NUM
ajfa-11193	574	177	.	.	PUNCT
ajfa-11193	574	178	fortune	fortune	NOUN
ajfa-11193	574	179	mate	mate	NOUN
ajfa-11193	574	180	indonesia	indonesia	PROPN
ajfa-11193	574	181	fmii	fmii	PROPN
ajfa-11193	574	182	36.75	36.75	NUM
ajfa-11193	574	183	97.72	97.72	NUM
ajfa-11193	574	184	2000	2000	NUM
ajfa-11193	574	185	jun	jun	PROPN
ajfa-11193	574	186	30	30	NUM
ajfa-11193	574	187	3	3	NUM
ajfa-11193	574	188	.	.	PUNCT
ajfa-11193	575	1	perdana	perdana	PROPN
ajfa-11193	575	2	gapuraprima	gapuraprima	PROPN
ajfa-11193	575	3	gpra	gpra	PROPN
ajfa-11193	575	4	121.39	121.39	NUM
ajfa-11193	575	5	102.28	102.28	NUM
ajfa-11193	575	6	2007	2007	NUM
ajfa-11193	575	7	oct	oct	NOUN
ajfa-11193	575	8	10	10	NUM
ajfa-11193	575	9	4	4	NUM
ajfa-11193	575	10	.	.	PUNCT
ajfa-11193	576	1	roda	roda	PROPN
ajfa-11193	576	2	vivatex	vivatex	PROPN
ajfa-11193	576	3	rdtx	rdtx	PROPN
ajfa-11193	576	4	131.45	131.45	NUM
ajfa-11193	576	5	112.88	112.88	NUM
ajfa-11193	576	6	1990	1990	NUM
ajfa-11193	576	7	may	may	AUX
ajfa-11193	576	8	14	14	NUM
ajfa-11193	576	9	5	5	NUM
ajfa-11193	576	10	.	.	PUNCT
ajfa-11193	577	1	duta	duta	PROPN
ajfa-11193	577	2	anggada	anggada	PROPN
ajfa-11193	577	3	realty	realty	PROPN
ajfa-11193	577	4	dart	dart	PROPN
ajfa-11193	577	5	0.41	0.41	NUM
ajfa-11193	577	6	170.86	170.86	NUM
ajfa-11193	577	7	1990	1990	NUM
ajfa-11193	577	8	may	may	AUX
ajfa-11193	577	9	08	08	NUM
ajfa-11193	577	10	6	6	NUM
ajfa-11193	577	11	.	.	PUNCT
ajfa-11193	578	1	bakrieland	bakrieland	NOUN
ajfa-11193	578	2	development	development	NOUN
ajfa-11193	578	3	elty	elty	NOUN
ajfa-11193	578	4	1,160.30	1,160.30	NUM
ajfa-11193	578	5	174.06	174.06	NUM
ajfa-11193	578	6	1995	1995	NUM
ajfa-11193	578	7	oct	oct	NOUN
ajfa-11193	578	8	30	30	NUM
ajfa-11193	578	9	7	7	NUM
ajfa-11193	578	10	.	.	PUNCT
ajfa-11193	579	1	cowell	cowell	PROPN
ajfa-11193	579	2	development	development	PROPN
ajfa-11193	579	3	cowl	cowl	PROPN
ajfa-11193	579	4	294.54	294.54	NUM
ajfa-11193	579	5	243.52	243.52	NUM
ajfa-11193	579	6	2007	2007	NUM
ajfa-11193	579	7	dec	dec	PROPN
ajfa-11193	579	8	19	19	NUM
ajfa-11193	579	9	8	8	NUM
ajfa-11193	579	10	.	.	PUNCT
ajfa-11193	580	1	sentul	sentul	PROPN
ajfa-11193	580	2	city	city	PROPN
ajfa-11193	580	3	bksl	bksl	VERB
ajfa-11193	580	4	783.56	783.56	NUM
ajfa-11193	580	5	261.18	261.18	NUM
ajfa-11193	580	6	1997	1997	NUM
ajfa-11193	580	7	jul	jul	PROPN
ajfa-11193	580	8	28	28	NUM
ajfa-11193	580	9	9	9	NUM
ajfa-11193	580	10	.	.	PUNCT
ajfa-11193	580	11	metropolitan	metropolitan	ADJ
ajfa-11193	580	12	land	land	NOUN
ajfa-11193	580	13	mtla	mtla	VERB
ajfa-11193	581	1	0.26	0.26	NUM
ajfa-11193	581	2	269.78	269.78	NUM
ajfa-11193	581	3	2011	2011	NUM
ajfa-11193	581	4	jun	jun	PROPN
ajfa-11193	581	5	20	20	NUM
ajfa-11193	581	6	10	10	NUM
ajfa-11193	581	7	eureka	eureka	PROPN
ajfa-11193	581	8	prima	prima	PROPN
ajfa-11193	581	9	jakarta	jakarta	PROPN
ajfa-11193	581	10	lcgp	lcgp	PROPN
ajfa-11193	581	11	138.85	138.85	NUM
ajfa-11193	581	12	270.20	270.20	NUM
ajfa-11193	581	13	2007	2007	NUM
ajfa-11193	581	14	jul	jul	PROPN
ajfa-11193	581	15	13	13	NUM
ajfa-11193	581	16	11	11	NUM
ajfa-11193	581	17	total	total	ADJ
ajfa-11193	581	18	bangun	bangun	NOUN
ajfa-11193	581	19	persada	persada	PROPN
ajfa-11193	581	20	totl	totl	PROPN
ajfa-11193	581	21	0.20	0.20	NUM
ajfa-11193	581	22	305.49	305.49	NUM
ajfa-11193	581	23	2006	2006	NUM
ajfa-11193	581	24	jul	jul	PROPN
ajfa-11193	581	25	15	15	NUM
ajfa-11193	581	26	asian	asian	ADJ
ajfa-11193	581	27	journal	journal	NOUN
ajfa-11193	581	28	of	of	ADP
ajfa-11193	581	29	finance	finance	PROPN
ajfa-11193	581	30	&	&	CCONJ
ajfa-11193	581	31	accounting	accounting	PROPN
ajfa-11193	581	32	issn	issn	PROPN
ajfa-11193	581	33	1946	1946	NUM
ajfa-11193	581	34	-	-	PUNCT
ajfa-11193	581	35	052x	052x	PROPN
ajfa-11193	581	36	2017	2017	NUM
ajfa-11193	581	37	,	,	PUNCT
ajfa-11193	581	38	vol	vol	NOUN
ajfa-11193	581	39	.	.	NOUN
ajfa-11193	581	40	9	9	NUM
ajfa-11193	581	41	,	,	PUNCT
ajfa-11193	581	42	no	no	INTJ
ajfa-11193	581	43	.	.	NOUN
ajfa-11193	581	44	1	1	NUM
ajfa-11193	581	45	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11193	581	46	428	428	NUM
ajfa-11193	581	47	appendix	appendix	NOUN
ajfa-11193	581	48	table	table	NOUN
ajfa-11193	581	49	c.	c.	NOUN
ajfa-11193	581	50	list	list	NOUN
ajfa-11193	581	51	of	of	ADP
ajfa-11193	581	52	small	small	ADJ
ajfa-11193	581	53	real	real	ADJ
ajfa-11193	581	54	estate	estate	NOUN
ajfa-11193	581	55	companies	company	NOUN
ajfa-11193	581	56	selected	select	VERB
ajfa-11193	581	57	in	in	ADP
ajfa-11193	581	58	million	million	NUM
ajfa-11193	581	59	usd	usd	NOUN
ajfa-11193	581	60	(	(	PUNCT
ajfa-11193	581	61	2014/31/12	2014/31/12	NOUN
ajfa-11193	581	62	)	)	PUNCT
ajfa-11193	581	63	no	no	DET
ajfa-11193	581	64	company	company	NOUN
ajfa-11193	581	65	name	name	NOUN
ajfa-11193	581	66	code	code	PROPN
ajfa-11193	581	67	total	total	ADJ
ajfa-11193	581	68	asset	asset	NOUN
ajfa-11193	581	69	market	market	NOUN
ajfa-11193	581	70	cap	cap	NOUN
ajfa-11193	581	71	listed	list	VERB
ajfa-11193	581	72	date	date	NOUN
ajfa-11193	581	73	1	1	NUM
ajfa-11193	581	74	.	.	PUNCT
ajfa-11193	581	75	ristia	ristia	PROPN
ajfa-11193	581	76	bintang	bintang	PROPN
ajfa-11193	581	77	mahkotasejati	mahkotasejati	PROPN
ajfa-11193	581	78	rbms	rbms	VERB
ajfa-11193	581	79	0.01	0.01	NUM
ajfa-11193	581	80	2.30	2.30	NUM
ajfa-11193	581	81	1997	1997	NUM
ajfa-11193	581	82	dec	dec	PROPN
ajfa-11193	581	83	19	19	NUM
ajfa-11193	581	84	2	2	NUM
ajfa-11193	581	85	.	.	PUNCT
ajfa-11193	582	1	bekasi	bekasi	PROPN
ajfa-11193	582	2	asri	asri	PROPN
ajfa-11193	582	3	pemula	pemula	PROPN
ajfa-11193	582	4	bapa	bapa	VERB
ajfa-11193	582	5	14.09	14.09	NUM
ajfa-11193	582	6	2.65	2.65	NUM
ajfa-11193	582	7	2008	2008	NUM
ajfa-11193	582	8	jan	jan	PROPN
ajfa-11193	582	9	14	14	NUM
ajfa-11193	582	10	3	3	NUM
ajfa-11193	582	11	.	.	PUNCT
ajfa-11193	583	1	pudjiadi	pudjiadi	PROPN
ajfa-11193	583	2	prestige	prestige	PROPN
ajfa-11193	583	3	pudp	pudp	NOUN
ajfa-11193	583	4	32.14	32.14	NUM
ajfa-11193	583	5	11.63	11.63	NUM
ajfa-11193	583	6	1994	1994	NUM
ajfa-11193	583	7	nov	nov	PROPN
ajfa-11193	583	8	18	18	NUM
ajfa-11193	583	9	4	4	NUM
ajfa-11193	583	10	.	.	PUNCT
ajfa-11193	583	11	metro	metro	PROPN
ajfa-11193	583	12	realty	realty	PROPN
ajfa-11193	583	13	mtsm	mtsm	NOUN
ajfa-11193	583	14	7.38	7.38	NUM
ajfa-11193	583	15	12.85	12.85	NUM
ajfa-11193	583	16	1992	1992	NUM
ajfa-11193	583	17	jan	jan	NOUN
ajfa-11193	583	18	08	08	NUM
ajfa-11193	583	19	5	5	NUM
ajfa-11193	583	20	.	.	PUNCT
ajfa-11193	584	1	bhuwanatala	bhuwanatala	PROPN
ajfa-11193	584	2	indah	indah	PROPN
ajfa-11193	584	3	permai	permai	PROPN
ajfa-11193	584	4	bipp	bipp	PROPN
ajfa-11193	584	5	49.10	49.10	NUM
ajfa-11193	584	6	23.04	23.04	NUM
ajfa-11193	584	7	1995	1995	NUM
ajfa-11193	584	8	oct	oct	NOUN
ajfa-11193	584	9	23	23	NUM
ajfa-11193	584	10	6	6	NUM
ajfa-11193	584	11	.	.	PUNCT
ajfa-11193	584	12	lamicitra	lamicitra	PROPN
ajfa-11193	584	13	nusantara	nusantara	PROPN
ajfa-11193	584	14	lami	lami	PROPN
ajfa-11193	584	15	0.05	0.05	NUM
ajfa-11193	584	16	25.54	25.54	NUM
ajfa-11193	584	17	2001	2001	NUM
ajfa-11193	584	18	jul	jul	PROPN
ajfa-11193	584	19	18	18	NUM
ajfa-11193	584	20	7	7	NUM
ajfa-11193	584	21	.	.	PUNCT
ajfa-11193	585	1	megapolitan	megapolitan	ADJ
ajfa-11193	585	2	developments	development	NOUN
ajfa-11193	585	3	emde	emde	VERB
ajfa-11193	585	4	94.31	94.31	NUM
ajfa-11193	585	5	36.71	36.71	NUM
ajfa-11193	585	6	2011	2011	NUM
ajfa-11193	585	7	jan	jan	PROPN
ajfa-11193	585	8	12	12	NUM
ajfa-11193	585	9	8	8	NUM
ajfa-11193	585	10	.	.	PUNCT
ajfa-11193	586	1	suryamas	suryamas	PROPN
ajfa-11193	586	2	dutamakmur	dutamakmur	ADJ
ajfa-11193	586	3	smdm	smdm	PROPN
ajfa-11193	587	1	0.25	0.25	NUM
ajfa-11193	587	2	47.33	47.33	NUM
ajfa-11193	587	3	1995	1995	NUM
ajfa-11193	587	4	oct	oct	NOUN
ajfa-11193	587	5	12	12	NUM
ajfa-11193	587	6	9	9	NUM
ajfa-11193	587	7	.	.	PUNCT
ajfa-11193	588	1	indonesia	indonesia	PROPN
ajfa-11193	588	2	prima	prima	PROPN
ajfa-11193	588	3	property	property	PROPN
ajfa-11193	588	4	omre	omre	NOUN
ajfa-11193	588	5	65.22	65.22	NUM
ajfa-11193	588	6	47.46	47.46	NUM
ajfa-11193	588	7	1994	1994	NUM
ajfa-11193	588	8	aug	aug	NOUN
ajfa-11193	588	9	22	22	NUM
ajfa-11193	588	10	10	10	NUM
ajfa-11193	588	11	gowa	gowa	PROPN
ajfa-11193	588	12	makassar	makassar	PROPN
ajfa-11193	588	13	tourism	tourism	NOUN
ajfa-11193	588	14	development	development	PROPN
ajfa-11193	588	15	gmtd	gmtd	PROPN
ajfa-11193	588	16	121.93	121.93	NUM
ajfa-11193	588	17	49.54	49.54	NUM
ajfa-11193	588	18	2000	2000	NUM
ajfa-11193	588	19	dec	dec	PROPN
ajfa-11193	588	20	11	11	NUM
ajfa-11193	588	21	11	11	NUM
ajfa-11193	588	22	bukit	bukit	PROPN
ajfa-11193	588	23	darmo	darmo	PROPN
ajfa-11193	588	24	property	property	NOUN
ajfa-11193	588	25	bkdp	bkdp	VERB
ajfa-11193	588	26	66.32	66.32	NUM
ajfa-11193	588	27	57.34	57.34	NUM
ajfa-11193	588	28	2007	2007	NUM
ajfa-11193	588	29	jun	jun	PROPN
ajfa-11193	588	30	15	15	NUM
ajfa-11193	588	31	12	12	NUM
ajfa-11193	588	32	nusa	nusa	NOUN
ajfa-11193	588	33	konstruksi	konstruksi	PROPN
ajfa-11193	588	34	enjiniring	enjinire	VERB
ajfa-11193	588	35	dgik	dgik	PROPN
ajfa-11193	588	36	163.60	163.60	NUM
ajfa-11193	588	37	79.34	79.34	NUM
ajfa-11193	588	38	2007	2007	NUM
ajfa-11193	588	39	dec	dec	PROPN
ajfa-11193	588	40	19	19	NUM
ajfa-11193	588	41	copyright	copyright	NOUN
ajfa-11193	588	42	disclaimer	disclaimer	NOUN
ajfa-11193	588	43	copyright	copyright	NOUN
ajfa-11193	588	44	for	for	ADP
ajfa-11193	588	45	this	this	DET
ajfa-11193	588	46	article	article	NOUN
ajfa-11193	588	47	is	be	AUX
ajfa-11193	588	48	retained	retain	VERB
ajfa-11193	588	49	by	by	ADP
ajfa-11193	588	50	the	the	DET
ajfa-11193	588	51	author(s	author(s	PROPN
ajfa-11193	588	52	)	)	PUNCT
ajfa-11193	588	53	,	,	PUNCT
ajfa-11193	588	54	with	with	ADP
ajfa-11193	588	55	first	first	ADJ
ajfa-11193	588	56	publication	publication	NOUN
ajfa-11193	588	57	rights	right	NOUN
ajfa-11193	588	58	granted	grant	VERB
ajfa-11193	588	59	to	to	ADP
ajfa-11193	588	60	the	the	DET
ajfa-11193	588	61	journal	journal	NOUN
ajfa-11193	588	62	.	.	PUNCT
ajfa-11193	589	1	this	this	PRON
ajfa-11193	589	2	is	be	AUX
ajfa-11193	589	3	an	an	DET
ajfa-11193	589	4	open	open	ADJ
ajfa-11193	589	5	-	-	PUNCT
ajfa-11193	589	6	access	access	NOUN
ajfa-11193	589	7	article	article	NOUN
ajfa-11193	589	8	distributed	distribute	VERB
ajfa-11193	589	9	under	under	ADP
ajfa-11193	589	10	the	the	DET
ajfa-11193	589	11	terms	term	NOUN
ajfa-11193	589	12	and	and	CCONJ
ajfa-11193	589	13	conditions	condition	NOUN
ajfa-11193	589	14	of	of	ADP
ajfa-11193	589	15	the	the	DET
ajfa-11193	589	16	creative	creative	ADJ
ajfa-11193	589	17	commons	common	NOUN
ajfa-11193	589	18	attribution	attribution	NOUN
ajfa-11193	589	19	license	license	NOUN
ajfa-11193	589	20	(	(	PUNCT
ajfa-11193	589	21	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajfa-11193	589	22	)	)	PUNCT
ajfa-11193	589	23	.	.	PUNCT