id	sid	tid	token	lemma	pos
ajfa-11537	1	1	microsoft	microsoft	PROPN
ajfa-11537	1	2	word	word	NOUN
ajfa-11537	1	3	11537	11537	NUM
ajfa-11537	1	4	-	-	SYM
ajfa-11537	1	5	42531	42531	NUM
ajfa-11537	1	6	-	-	PUNCT
ajfa-11537	1	7	1	1	NUM
ajfa-11537	1	8	-	-	PUNCT
ajfa-11537	1	9	sm	sm	NOUN
ajfa-11537	1	10	-	-	PUNCT
ajfa-11537	1	11	writer3	writer3	NOUN
ajfa-11537	1	12	-	-	PUNCT
ajfa-11537	1	13	new	new	ADJ
ajfa-11537	1	14	asian	asian	ADJ
ajfa-11537	1	15	journal	journal	NOUN
ajfa-11537	1	16	of	of	ADP
ajfa-11537	1	17	finance	finance	PROPN
ajfa-11537	1	18	&	&	CCONJ
ajfa-11537	1	19	accounting	accounting	PROPN
ajfa-11537	1	20	issn	issn	PROPN
ajfa-11537	1	21	1946	1946	NUM
ajfa-11537	1	22	-	-	PUNCT
ajfa-11537	1	23	052x	052x	PROPN
ajfa-11537	1	24	2017	2017	NUM
ajfa-11537	1	25	,	,	PUNCT
ajfa-11537	1	26	vol	vol	NOUN
ajfa-11537	1	27	.	.	NOUN
ajfa-11537	1	28	9	9	NUM
ajfa-11537	1	29	,	,	PUNCT
ajfa-11537	1	30	no	no	NOUN
ajfa-11537	1	31	.	.	NOUN
ajfa-11537	1	32	2	2	NUM
ajfa-11537	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	1	34	254	254	NUM
ajfa-11537	1	35	the	the	DET
ajfa-11537	1	36	impact	impact	NOUN
ajfa-11537	1	37	of	of	ADP
ajfa-11537	1	38	“	"	PUNCT
ajfa-11537	1	39	offer	offer	NOUN
ajfa-11537	1	40	for	for	ADP
ajfa-11537	1	41	sale	sale	NOUN
ajfa-11537	1	42	”	"	PUNCT
ajfa-11537	1	43	by	by	ADP
ajfa-11537	1	44	existing	exist	VERB
ajfa-11537	1	45	shareholders	shareholder	NOUN
ajfa-11537	1	46	in	in	ADP
ajfa-11537	1	47	an	an	DET
ajfa-11537	1	48	ipo	ipo	NOUN
ajfa-11537	1	49	on	on	ADP
ajfa-11537	1	50	initial	initial	ADJ
ajfa-11537	1	51	aftermarket	aftermarket	NOUN
ajfa-11537	1	52	performance	performance	NOUN
ajfa-11537	1	53	norliza	norliza	PROPN
ajfa-11537	1	54	che	che	PROPN
ajfa-11537	1	55	-	-	ADJ
ajfa-11537	1	56	yahya	yahya	ADJ
ajfa-11537	1	57	faculty	faculty	NOUN
ajfa-11537	1	58	of	of	ADP
ajfa-11537	1	59	business	business	NOUN
ajfa-11537	1	60	and	and	CCONJ
ajfa-11537	1	61	management	management	NOUN
ajfa-11537	1	62	universiti	universiti	PROPN
ajfa-11537	1	63	teknologi	teknologi	PROPN
ajfa-11537	1	64	mara	mara	PROPN
ajfa-11537	1	65	,	,	PUNCT
ajfa-11537	1	66	puncak	puncak	PROPN
ajfa-11537	1	67	alam	alam	PROPN
ajfa-11537	1	68	campus	campus	PROPN
ajfa-11537	1	69	,	,	PUNCT
ajfa-11537	1	70	malaysia	malaysia	PROPN
ajfa-11537	1	71	e	e	NOUN
ajfa-11537	1	72	-	-	NOUN
ajfa-11537	1	73	mail	mail	NOUN
ajfa-11537	1	74	:	:	PUNCT
ajfa-11537	1	75	norliza9911@puncakalam.uitm.edu.my	norliza9911@puncakalam.uitm.edu.my	PUNCT
ajfa-11537	1	76	ahmad	ahmad	PROPN
ajfa-11537	1	77	husni	husni	PROPN
ajfa-11537	1	78	mohd	mohd	PROPN
ajfa-11537	1	79	rashid	rashid	PROPN
ajfa-11537	1	80	faculty	faculty	NOUN
ajfa-11537	1	81	of	of	ADP
ajfa-11537	1	82	business	business	NOUN
ajfa-11537	1	83	and	and	CCONJ
ajfa-11537	1	84	management	management	NOUN
ajfa-11537	1	85	universiti	universiti	PROPN
ajfa-11537	1	86	teknologi	teknologi	PROPN
ajfa-11537	1	87	mara	mara	PROPN
ajfa-11537	1	88	,	,	PUNCT
ajfa-11537	1	89	puncak	puncak	PROPN
ajfa-11537	1	90	alam	alam	PROPN
ajfa-11537	1	91	campus	campus	PROPN
ajfa-11537	1	92	,	,	PUNCT
ajfa-11537	1	93	malaysia	malaysia	PROPN
ajfa-11537	1	94	e	e	NOUN
ajfa-11537	1	95	-	-	NOUN
ajfa-11537	1	96	mail	mail	NOUN
ajfa-11537	1	97	:	:	PUNCT
ajfa-11537	1	98	ahmadhusni@salam.uitm.edu.my	ahmadhusni@salam.uitm.edu.my	PROPN
ajfa-11537	1	99	ibrahim	ibrahim	PROPN
ajfa-11537	1	100	a.	a.	PROPN
ajfa-11537	1	101	rahman	rahman	PROPN
ajfa-11537	1	102	faculty	faculty	PROPN
ajfa-11537	1	103	of	of	ADP
ajfa-11537	1	104	business	business	NOUN
ajfa-11537	1	105	and	and	CCONJ
ajfa-11537	1	106	management	management	NOUN
ajfa-11537	1	107	universiti	universiti	PROPN
ajfa-11537	1	108	teknologi	teknologi	PROPN
ajfa-11537	1	109	mara	mara	PROPN
ajfa-11537	1	110	,	,	PUNCT
ajfa-11537	1	111	puncak	puncak	PROPN
ajfa-11537	1	112	alam	alam	PROPN
ajfa-11537	1	113	campus	campus	PROPN
ajfa-11537	1	114	,	,	PUNCT
ajfa-11537	1	115	malaysia	malaysia	PROPN
ajfa-11537	1	116	e	e	NOUN
ajfa-11537	1	117	-	-	NOUN
ajfa-11537	1	118	mail	mail	NOUN
ajfa-11537	1	119	:	:	PUNCT
ajfa-11537	1	120	ibrahim014@salam.uitm.edu.my	ibrahim014@salam.uitm.edu.my	PROPN
ajfa-11537	1	121	siti	siti	PROPN
ajfa-11537	1	122	norbaya	norbaya	PROPN
ajfa-11537	2	1	mohd	mohd	PROPN
ajfa-11537	2	2	rashid	rashid	PROPN
ajfa-11537	2	3	faculty	faculty	PROPN
ajfa-11537	2	4	of	of	ADP
ajfa-11537	2	5	business	business	NOUN
ajfa-11537	2	6	and	and	CCONJ
ajfa-11537	2	7	management	management	NOUN
ajfa-11537	2	8	universiti	universiti	PROPN
ajfa-11537	2	9	teknologi	teknologi	PROPN
ajfa-11537	2	10	mara	mara	PROPN
ajfa-11537	2	11	,	,	PUNCT
ajfa-11537	2	12	puncak	puncak	PROPN
ajfa-11537	2	13	alam	alam	PROPN
ajfa-11537	2	14	campus	campus	PROPN
ajfa-11537	2	15	,	,	PUNCT
ajfa-11537	2	16	malaysia	malaysia	PROPN
ajfa-11537	2	17	e	e	NOUN
ajfa-11537	2	18	-	-	NOUN
ajfa-11537	2	19	mail	mail	NOUN
ajfa-11537	2	20	:	:	PUNCT
ajfa-11537	2	21	norbaya@uitm.edu.my	norbaya@uitm.edu.my	PROPN
ajfa-11537	2	22	received	receive	VERB
ajfa-11537	2	23	:	:	PUNCT
ajfa-11537	2	24	july	july	PROPN
ajfa-11537	2	25	12	12	NUM
ajfa-11537	2	26	,	,	PUNCT
ajfa-11537	2	27	2017	2017	NUM
ajfa-11537	2	28	accepted	accept	VERB
ajfa-11537	2	29	:	:	PUNCT
ajfa-11537	2	30	october	october	PROPN
ajfa-11537	2	31	11	11	NUM
ajfa-11537	2	32	,	,	PUNCT
ajfa-11537	2	33	2017	2017	NUM
ajfa-11537	2	34	published	publish	VERB
ajfa-11537	2	35	:	:	PUNCT
ajfa-11537	2	36	december	december	PROPN
ajfa-11537	2	37	1	1	NUM
ajfa-11537	2	38	,	,	PUNCT
ajfa-11537	2	39	2017	2017	NUM
ajfa-11537	2	40	doi:10.5296	doi:10.5296	NOUN
ajfa-11537	2	41	/	/	SYM
ajfa-11537	2	42	ajfa.v9i2.11537	ajfa.v9i2.11537	PUNCT
ajfa-11537	2	43	url	url	NOUN
ajfa-11537	2	44	:	:	PUNCT
ajfa-11537	2	45	https://doi.org/10.5296/ajfa.v9i2.11537	https://doi.org/10.5296/ajfa.v9i2.11537	PROPN
ajfa-11537	2	46	asian	asian	ADJ
ajfa-11537	2	47	journal	journal	NOUN
ajfa-11537	2	48	of	of	ADP
ajfa-11537	2	49	finance	finance	PROPN
ajfa-11537	2	50	&	&	CCONJ
ajfa-11537	2	51	accounting	accounting	PROPN
ajfa-11537	2	52	issn	issn	PROPN
ajfa-11537	2	53	1946	1946	NUM
ajfa-11537	2	54	-	-	PUNCT
ajfa-11537	2	55	052x	052x	PROPN
ajfa-11537	2	56	2017	2017	NUM
ajfa-11537	2	57	,	,	PUNCT
ajfa-11537	2	58	vol	vol	NOUN
ajfa-11537	2	59	.	.	NOUN
ajfa-11537	3	1	9	9	NUM
ajfa-11537	3	2	,	,	PUNCT
ajfa-11537	3	3	no	no	INTJ
ajfa-11537	3	4	.	.	NOUN
ajfa-11537	3	5	2	2	NUM
ajfa-11537	3	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	3	7	255	255	NUM
ajfa-11537	3	8	abstract	abstract	NOUN
ajfa-11537	3	9	this	this	DET
ajfa-11537	3	10	study	study	NOUN
ajfa-11537	3	11	examines	examine	VERB
ajfa-11537	3	12	the	the	DET
ajfa-11537	3	13	impact	impact	NOUN
ajfa-11537	3	14	of	of	ADP
ajfa-11537	3	15	“	"	PUNCT
ajfa-11537	3	16	offer	offer	NOUN
ajfa-11537	3	17	for	for	ADP
ajfa-11537	3	18	sale	sale	NOUN
ajfa-11537	3	19	”	"	PUNCT
ajfa-11537	3	20	by	by	ADP
ajfa-11537	3	21	existing	exist	VERB
ajfa-11537	3	22	shareholders	shareholder	NOUN
ajfa-11537	3	23	in	in	ADP
ajfa-11537	3	24	an	an	DET
ajfa-11537	3	25	ipo	ipo	NOUN
ajfa-11537	3	26	on	on	ADP
ajfa-11537	3	27	initial	initial	ADJ
ajfa-11537	3	28	aftermarket	aftermarket	NOUN
ajfa-11537	3	29	performance	performance	NOUN
ajfa-11537	3	30	.	.	PUNCT
ajfa-11537	4	1	the	the	DET
ajfa-11537	4	2	“	"	PUNCT
ajfa-11537	4	3	offer	offer	NOUN
ajfa-11537	4	4	for	for	ADP
ajfa-11537	4	5	sale	sale	NOUN
ajfa-11537	4	6	”	"	PUNCT
ajfa-11537	4	7	is	be	AUX
ajfa-11537	4	8	measured	measure	VERB
ajfa-11537	4	9	by	by	ADP
ajfa-11537	4	10	the	the	DET
ajfa-11537	4	11	proportion	proportion	NOUN
ajfa-11537	4	12	of	of	ADP
ajfa-11537	4	13	shares	share	NOUN
ajfa-11537	4	14	offered	offer	VERB
ajfa-11537	4	15	to	to	PART
ajfa-11537	4	16	public	public	VERB
ajfa-11537	4	17	from	from	ADP
ajfa-11537	4	18	the	the	DET
ajfa-11537	4	19	sale	sale	NOUN
ajfa-11537	4	20	of	of	ADP
ajfa-11537	4	21	the	the	DET
ajfa-11537	4	22	existing	exist	VERB
ajfa-11537	4	23	shareholdings	shareholding	NOUN
ajfa-11537	4	24	against	against	ADP
ajfa-11537	4	25	the	the	DET
ajfa-11537	4	26	total	total	ADJ
ajfa-11537	4	27	number	number	NOUN
ajfa-11537	4	28	of	of	ADP
ajfa-11537	4	29	shares	share	NOUN
ajfa-11537	4	30	offered	offer	VERB
ajfa-11537	4	31	during	during	ADP
ajfa-11537	4	32	ipo	ipo	NOUN
ajfa-11537	4	33	.	.	PUNCT
ajfa-11537	5	1	the	the	DET
ajfa-11537	5	2	“	"	PUNCT
ajfa-11537	5	3	offer	offer	NOUN
ajfa-11537	5	4	for	for	ADP
ajfa-11537	5	5	sale	sale	NOUN
ajfa-11537	5	6	”	"	PUNCT
ajfa-11537	5	7	activity	activity	NOUN
ajfa-11537	5	8	suggests	suggest	VERB
ajfa-11537	5	9	that	that	PRON
ajfa-11537	5	10	proceed	proceed	VERB
ajfa-11537	5	11	from	from	ADP
ajfa-11537	5	12	the	the	DET
ajfa-11537	5	13	shares	share	NOUN
ajfa-11537	5	14	sold	sell	VERB
ajfa-11537	5	15	to	to	ADP
ajfa-11537	5	16	investors	investor	NOUN
ajfa-11537	5	17	at	at	ADP
ajfa-11537	5	18	an	an	DET
ajfa-11537	5	19	ipo	ipo	NOUN
ajfa-11537	5	20	would	would	AUX
ajfa-11537	5	21	go	go	VERB
ajfa-11537	5	22	into	into	ADP
ajfa-11537	5	23	the	the	DET
ajfa-11537	5	24	pocket	pocket	NOUN
ajfa-11537	5	25	of	of	ADP
ajfa-11537	5	26	the	the	DET
ajfa-11537	5	27	existing	exist	VERB
ajfa-11537	5	28	shareholders	shareholder	NOUN
ajfa-11537	5	29	.	.	PUNCT
ajfa-11537	6	1	that	that	PRON
ajfa-11537	6	2	is	is	ADV
ajfa-11537	6	3	,	,	PUNCT
ajfa-11537	6	4	the	the	DET
ajfa-11537	6	5	proceed	proceed	NOUN
ajfa-11537	6	6	does	do	AUX
ajfa-11537	6	7	not	not	PART
ajfa-11537	6	8	actually	actually	ADV
ajfa-11537	6	9	meet	meet	VERB
ajfa-11537	6	10	the	the	DET
ajfa-11537	6	11	goals	goal	NOUN
ajfa-11537	6	12	of	of	ADP
ajfa-11537	6	13	the	the	DET
ajfa-11537	6	14	ipo	ipo	NOUN
ajfa-11537	6	15	which	which	PRON
ajfa-11537	6	16	is	be	AUX
ajfa-11537	6	17	to	to	PART
ajfa-11537	6	18	raise	raise	VERB
ajfa-11537	6	19	fund	fund	NOUN
ajfa-11537	6	20	.	.	PUNCT
ajfa-11537	7	1	the	the	DET
ajfa-11537	7	2	new	new	ADJ
ajfa-11537	7	3	investors	investor	NOUN
ajfa-11537	7	4	expect	expect	VERB
ajfa-11537	7	5	new	new	ADJ
ajfa-11537	7	6	cash	cash	NOUN
ajfa-11537	7	7	inflows	inflow	NOUN
ajfa-11537	7	8	for	for	ADP
ajfa-11537	7	9	the	the	DET
ajfa-11537	7	10	firm	firm	NOUN
ajfa-11537	7	11	to	to	PART
ajfa-11537	7	12	finance	finance	VERB
ajfa-11537	7	13	new	new	ADJ
ajfa-11537	7	14	projects	project	NOUN
ajfa-11537	7	15	and	and	CCONJ
ajfa-11537	7	16	to	to	PART
ajfa-11537	7	17	secure	secure	VERB
ajfa-11537	7	18	its	its	PRON
ajfa-11537	7	19	sustainable	sustainable	ADJ
ajfa-11537	7	20	growth	growth	NOUN
ajfa-11537	7	21	.	.	PUNCT
ajfa-11537	8	1	ipo	ipo	NOUN
ajfa-11537	8	2	firms	firm	NOUN
ajfa-11537	8	3	that	that	PRON
ajfa-11537	8	4	go	go	VERB
ajfa-11537	8	5	public	public	ADJ
ajfa-11537	8	6	mainly	mainly	ADV
ajfa-11537	8	7	through	through	ADP
ajfa-11537	8	8	“	"	PUNCT
ajfa-11537	8	9	offer	offer	VERB
ajfa-11537	8	10	for	for	ADP
ajfa-11537	8	11	sale	sale	NOUN
ajfa-11537	8	12	”	"	PUNCT
ajfa-11537	8	13	activity	activity	NOUN
ajfa-11537	8	14	are	be	AUX
ajfa-11537	8	15	expected	expect	VERB
ajfa-11537	8	16	to	to	PART
ajfa-11537	8	17	receive	receive	VERB
ajfa-11537	8	18	less	less	ADJ
ajfa-11537	8	19	demand	demand	NOUN
ajfa-11537	8	20	during	during	ADP
ajfa-11537	8	21	the	the	DET
ajfa-11537	8	22	ipo	ipo	NOUN
ajfa-11537	8	23	from	from	ADP
ajfa-11537	8	24	the	the	DET
ajfa-11537	8	25	potential	potential	ADJ
ajfa-11537	8	26	investors	investor	NOUN
ajfa-11537	8	27	.	.	PUNCT
ajfa-11537	9	1	in	in	ADP
ajfa-11537	9	2	other	other	ADJ
ajfa-11537	9	3	words	word	NOUN
ajfa-11537	9	4	,	,	PUNCT
ajfa-11537	9	5	the	the	DET
ajfa-11537	9	6	investors	investor	NOUN
ajfa-11537	9	7	prefer	prefer	VERB
ajfa-11537	9	8	to	to	PART
ajfa-11537	9	9	invest	invest	VERB
ajfa-11537	9	10	more	more	ADJ
ajfa-11537	9	11	in	in	ADP
ajfa-11537	9	12	ipo	ipo	NOUN
ajfa-11537	9	13	firms	firm	NOUN
ajfa-11537	9	14	that	that	PRON
ajfa-11537	9	15	offer	offer	VERB
ajfa-11537	9	16	entirely	entirely	ADV
ajfa-11537	9	17	newly	newly	ADV
ajfa-11537	9	18	issued	issue	VERB
ajfa-11537	9	19	shares	share	NOUN
ajfa-11537	9	20	rather	rather	ADV
ajfa-11537	9	21	than	than	ADP
ajfa-11537	9	22	those	those	PRON
ajfa-11537	9	23	that	that	PRON
ajfa-11537	9	24	offer	offer	VERB
ajfa-11537	9	25	a	a	DET
ajfa-11537	9	26	combination	combination	NOUN
ajfa-11537	9	27	of	of	ADP
ajfa-11537	9	28	“	"	PUNCT
ajfa-11537	9	29	public	public	ADJ
ajfa-11537	9	30	issue	issue	NOUN
ajfa-11537	9	31	”	"	PUNCT
ajfa-11537	9	32	and	and	CCONJ
ajfa-11537	9	33	“	"	PUNCT
ajfa-11537	9	34	offer	offer	VERB
ajfa-11537	9	35	for	for	ADP
ajfa-11537	9	36	sale	sale	NOUN
ajfa-11537	9	37	”	"	PUNCT
ajfa-11537	9	38	.	.	PUNCT
ajfa-11537	10	1	firms	firm	NOUN
ajfa-11537	10	2	which	which	PRON
ajfa-11537	10	3	their	their	PRON
ajfa-11537	10	4	shares	share	NOUN
ajfa-11537	10	5	are	be	AUX
ajfa-11537	10	6	offered	offer	VERB
ajfa-11537	10	7	through	through	ADP
ajfa-11537	10	8	“	"	PUNCT
ajfa-11537	10	9	offer	offer	VERB
ajfa-11537	10	10	for	for	ADP
ajfa-11537	10	11	sale	sale	NOUN
ajfa-11537	10	12	”	"	PUNCT
ajfa-11537	10	13	activity	activity	NOUN
ajfa-11537	10	14	are	be	AUX
ajfa-11537	10	15	predicted	predict	VERB
ajfa-11537	10	16	to	to	PART
ajfa-11537	10	17	produce	produce	VERB
ajfa-11537	10	18	poor	poor	ADJ
ajfa-11537	10	19	initial	initial	ADJ
ajfa-11537	10	20	aftermarket	aftermarket	NOUN
ajfa-11537	10	21	performance	performance	NOUN
ajfa-11537	10	22	relative	relative	ADJ
ajfa-11537	10	23	to	to	ADP
ajfa-11537	10	24	firms	firm	NOUN
ajfa-11537	10	25	which	which	PRON
ajfa-11537	10	26	their	their	PRON
ajfa-11537	10	27	shares	share	NOUN
ajfa-11537	10	28	are	be	AUX
ajfa-11537	10	29	newly	newly	ADV
ajfa-11537	10	30	issued	issue	VERB
ajfa-11537	10	31	.	.	PUNCT
ajfa-11537	11	1	employing	employ	VERB
ajfa-11537	11	2	a	a	DET
ajfa-11537	11	3	sample	sample	NOUN
ajfa-11537	11	4	of	of	ADP
ajfa-11537	11	5	419	419	NUM
ajfa-11537	11	6	malaysian	malaysian	ADJ
ajfa-11537	11	7	ipos	ipos	NOUN
ajfa-11537	11	8	issued	issue	VERB
ajfa-11537	11	9	from	from	ADP
ajfa-11537	11	10	january	january	PROPN
ajfa-11537	11	11	2000	2000	NUM
ajfa-11537	11	12	to	to	ADP
ajfa-11537	11	13	december	december	PROPN
ajfa-11537	11	14	2015	2015	NUM
ajfa-11537	11	15	,	,	PUNCT
ajfa-11537	11	16	regression	regression	NOUN
ajfa-11537	11	17	results	result	NOUN
ajfa-11537	11	18	of	of	ADP
ajfa-11537	11	19	this	this	DET
ajfa-11537	11	20	study	study	NOUN
ajfa-11537	11	21	reveal	reveal	VERB
ajfa-11537	11	22	that	that	SCONJ
ajfa-11537	11	23	firms	firm	NOUN
ajfa-11537	11	24	which	which	PRON
ajfa-11537	11	25	their	their	PRON
ajfa-11537	11	26	shares	share	NOUN
ajfa-11537	11	27	are	be	AUX
ajfa-11537	11	28	offered	offer	VERB
ajfa-11537	11	29	highly	highly	ADV
ajfa-11537	11	30	through	through	ADP
ajfa-11537	11	31	“	"	PUNCT
ajfa-11537	11	32	offer	offer	VERB
ajfa-11537	11	33	for	for	ADP
ajfa-11537	11	34	sale	sale	NOUN
ajfa-11537	11	35	”	"	PUNCT
ajfa-11537	11	36	report	report	NOUN
ajfa-11537	11	37	poor	poor	ADJ
ajfa-11537	11	38	initial	initial	ADJ
ajfa-11537	11	39	aftermarket	aftermarket	NOUN
ajfa-11537	11	40	performance	performance	NOUN
ajfa-11537	11	41	.	.	PUNCT
ajfa-11537	12	1	keywords	keyword	NOUN
ajfa-11537	12	2	:	:	PUNCT
ajfa-11537	12	3	offer	offer	VERB
ajfa-11537	12	4	for	for	ADP
ajfa-11537	12	5	sale	sale	NOUN
ajfa-11537	12	6	,	,	PUNCT
ajfa-11537	12	7	initial	initial	ADJ
ajfa-11537	12	8	aftermarket	aftermarket	NOUN
ajfa-11537	12	9	performance	performance	NOUN
ajfa-11537	12	10	,	,	PUNCT
ajfa-11537	12	11	malaysian	malaysian	ADJ
ajfa-11537	12	12	ipo	ipo	PROPN
ajfa-11537	12	13	market	market	NOUN
ajfa-11537	12	14	asian	asian	PROPN
ajfa-11537	12	15	journal	journal	NOUN
ajfa-11537	12	16	of	of	ADP
ajfa-11537	12	17	finance	finance	PROPN
ajfa-11537	12	18	&	&	CCONJ
ajfa-11537	12	19	accounting	accounting	PROPN
ajfa-11537	12	20	issn	issn	PROPN
ajfa-11537	12	21	1946	1946	NUM
ajfa-11537	12	22	-	-	PUNCT
ajfa-11537	12	23	052x	052x	PROPN
ajfa-11537	12	24	2017	2017	NUM
ajfa-11537	12	25	,	,	PUNCT
ajfa-11537	12	26	vol	vol	NOUN
ajfa-11537	12	27	.	.	NOUN
ajfa-11537	13	1	9	9	NUM
ajfa-11537	13	2	,	,	PUNCT
ajfa-11537	13	3	no	no	NOUN
ajfa-11537	13	4	.	.	NOUN
ajfa-11537	13	5	2	2	NUM
ajfa-11537	13	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	13	7	256	256	NUM
ajfa-11537	13	8	introduction	introduction	NOUN
ajfa-11537	13	9	malaysian	malaysian	ADJ
ajfa-11537	13	10	economic	economic	ADJ
ajfa-11537	13	11	performance	performance	NOUN
ajfa-11537	13	12	has	have	AUX
ajfa-11537	13	13	shown	show	VERB
ajfa-11537	13	14	tremendous	tremendous	ADJ
ajfa-11537	13	15	growth	growth	NOUN
ajfa-11537	13	16	since	since	SCONJ
ajfa-11537	13	17	malaysia	malaysia	PROPN
ajfa-11537	13	18	become	become	VERB
ajfa-11537	13	19	independence	independence	NOUN
ajfa-11537	13	20	in	in	ADP
ajfa-11537	13	21	1957	1957	NUM
ajfa-11537	13	22	.	.	PUNCT
ajfa-11537	14	1	at	at	ADP
ajfa-11537	14	2	an	an	DET
ajfa-11537	14	3	average	average	NOUN
ajfa-11537	14	4	of	of	ADP
ajfa-11537	14	5	gdp	gdp	NOUN
ajfa-11537	14	6	6	6	NUM
ajfa-11537	14	7	%	%	NOUN
ajfa-11537	14	8	growth	growth	NOUN
ajfa-11537	14	9	per	per	ADP
ajfa-11537	14	10	year	year	NOUN
ajfa-11537	14	11	from	from	ADP
ajfa-11537	14	12	1970s	1970s	NUM
ajfa-11537	14	13	to	to	ADP
ajfa-11537	14	14	2005	2005	NUM
ajfa-11537	14	15	,	,	PUNCT
ajfa-11537	14	16	the	the	DET
ajfa-11537	14	17	economy	economy	NOUN
ajfa-11537	14	18	sustained	sustain	VERB
ajfa-11537	14	19	rapid	rapid	ADJ
ajfa-11537	14	20	growth	growth	NOUN
ajfa-11537	14	21	of	of	ADP
ajfa-11537	14	22	8	8	NUM
ajfa-11537	14	23	%	%	NOUN
ajfa-11537	14	24	annually	annually	ADV
ajfa-11537	14	25	.	.	PUNCT
ajfa-11537	15	1	the	the	DET
ajfa-11537	15	2	creation	creation	NOUN
ajfa-11537	15	3	of	of	ADP
ajfa-11537	15	4	funds	fund	NOUN
ajfa-11537	15	5	is	be	AUX
ajfa-11537	15	6	needed	need	VERB
ajfa-11537	15	7	to	to	PART
ajfa-11537	15	8	support	support	VERB
ajfa-11537	15	9	the	the	DET
ajfa-11537	15	10	growth	growth	NOUN
ajfa-11537	15	11	,	,	PUNCT
ajfa-11537	15	12	and	and	CCONJ
ajfa-11537	15	13	malaysia	malaysia	PROPN
ajfa-11537	15	14	is	be	AUX
ajfa-11537	15	15	so	so	ADV
ajfa-11537	15	16	accustomed	accustomed	ADJ
ajfa-11537	15	17	to	to	PART
ajfa-11537	15	18	build	build	VERB
ajfa-11537	15	19	the	the	DET
ajfa-11537	15	20	economy	economy	NOUN
ajfa-11537	15	21	and	and	CCONJ
ajfa-11537	15	22	trade	trade	NOUN
ajfa-11537	15	23	from	from	ADP
ajfa-11537	15	24	the	the	DET
ajfa-11537	15	25	flow	flow	NOUN
ajfa-11537	15	26	of	of	ADP
ajfa-11537	15	27	capitals	capital	NOUN
ajfa-11537	15	28	across	across	ADP
ajfa-11537	15	29	the	the	DET
ajfa-11537	15	30	globe	globe	NOUN
ajfa-11537	15	31	.	.	PUNCT
ajfa-11537	16	1	private	private	ADJ
ajfa-11537	16	2	sector	sector	NOUN
ajfa-11537	16	3	activity	activity	NOUN
ajfa-11537	16	4	remained	remain	VERB
ajfa-11537	16	5	the	the	DET
ajfa-11537	16	6	key	key	ADJ
ajfa-11537	16	7	driver	driver	NOUN
ajfa-11537	16	8	of	of	ADP
ajfa-11537	16	9	growth	growth	NOUN
ajfa-11537	16	10	expanding	expand	VERB
ajfa-11537	16	11	at	at	ADP
ajfa-11537	16	12	a	a	DET
ajfa-11537	16	13	very	very	ADV
ajfa-11537	16	14	fast	fast	ADJ
ajfa-11537	16	15	pace	pace	NOUN
ajfa-11537	16	16	.	.	PUNCT
ajfa-11537	17	1	private	private	ADJ
ajfa-11537	17	2	investment	investment	NOUN
ajfa-11537	17	3	grew	grew	AUX
ajfa-11537	17	4	mainly	mainly	ADV
ajfa-11537	17	5	driven	drive	VERB
ajfa-11537	17	6	by	by	ADP
ajfa-11537	17	7	continuous	continuous	ADJ
ajfa-11537	17	8	capital	capital	NOUN
ajfa-11537	17	9	spending	spending	NOUN
ajfa-11537	17	10	especially	especially	ADV
ajfa-11537	17	11	in	in	ADP
ajfa-11537	17	12	the	the	DET
ajfa-11537	17	13	services	service	NOUN
ajfa-11537	17	14	and	and	CCONJ
ajfa-11537	17	15	manufacturing	manufacturing	NOUN
ajfa-11537	17	16	sector	sector	NOUN
ajfa-11537	17	17	.	.	PUNCT
ajfa-11537	18	1	as	as	SCONJ
ajfa-11537	18	2	private	private	ADJ
ajfa-11537	18	3	sector	sector	NOUN
ajfa-11537	18	4	continues	continue	VERB
ajfa-11537	18	5	to	to	PART
ajfa-11537	18	6	grow	grow	VERB
ajfa-11537	18	7	,	,	PUNCT
ajfa-11537	18	8	companies	company	NOUN
ajfa-11537	18	9	will	will	AUX
ajfa-11537	18	10	be	be	AUX
ajfa-11537	18	11	focusing	focus	VERB
ajfa-11537	18	12	on	on	ADP
ajfa-11537	18	13	need	need	NOUN
ajfa-11537	18	14	to	to	PART
ajfa-11537	18	15	raise	raise	VERB
ajfa-11537	18	16	funds	fund	NOUN
ajfa-11537	18	17	in	in	ADP
ajfa-11537	18	18	order	order	NOUN
ajfa-11537	18	19	to	to	PART
ajfa-11537	18	20	complement	complement	VERB
ajfa-11537	18	21	the	the	DET
ajfa-11537	18	22	government	government	NOUN
ajfa-11537	18	23	and	and	CCONJ
ajfa-11537	18	24	businesses	business	NOUN
ajfa-11537	18	25	.	.	PUNCT
ajfa-11537	19	1	most	most	ADJ
ajfa-11537	19	2	business	business	NOUN
ajfa-11537	19	3	fails	fail	VERB
ajfa-11537	19	4	because	because	SCONJ
ajfa-11537	19	5	they	they	PRON
ajfa-11537	19	6	lack	lack	VERB
ajfa-11537	19	7	the	the	DET
ajfa-11537	19	8	cash	cash	NOUN
ajfa-11537	19	9	to	to	PART
ajfa-11537	19	10	get	get	VERB
ajfa-11537	19	11	through	through	ADP
ajfa-11537	19	12	the	the	DET
ajfa-11537	19	13	early	early	ADJ
ajfa-11537	19	14	stages	stage	NOUN
ajfa-11537	19	15	of	of	ADP
ajfa-11537	19	16	their	their	PRON
ajfa-11537	19	17	existences	existence	NOUN
ajfa-11537	19	18	.	.	PUNCT
ajfa-11537	20	1	capital	capital	NOUN
ajfa-11537	20	2	is	be	AUX
ajfa-11537	20	3	crucial	crucial	ADJ
ajfa-11537	20	4	at	at	ADP
ajfa-11537	20	5	the	the	DET
ajfa-11537	20	6	start	start	NOUN
ajfa-11537	20	7	of	of	ADP
ajfa-11537	20	8	the	the	DET
ajfa-11537	20	9	company	company	NOUN
ajfa-11537	20	10	life	life	NOUN
ajfa-11537	20	11	as	as	SCONJ
ajfa-11537	20	12	it	it	PRON
ajfa-11537	20	13	enables	enable	VERB
ajfa-11537	20	14	the	the	DET
ajfa-11537	20	15	business	business	NOUN
ajfa-11537	20	16	to	to	PART
ajfa-11537	20	17	turn	turn	VERB
ajfa-11537	20	18	ideas	idea	NOUN
ajfa-11537	20	19	to	to	ADP
ajfa-11537	20	20	reality	reality	NOUN
ajfa-11537	20	21	.	.	PUNCT
ajfa-11537	21	1	the	the	DET
ajfa-11537	21	2	seed	seed	NOUN
ajfa-11537	21	3	capital	capital	NOUN
ajfa-11537	21	4	may	may	AUX
ajfa-11537	21	5	be	be	AUX
ajfa-11537	21	6	used	use	VERB
ajfa-11537	21	7	to	to	PART
ajfa-11537	21	8	hire	hire	VERB
ajfa-11537	21	9	key	key	ADJ
ajfa-11537	21	10	staff	staff	NOUN
ajfa-11537	21	11	,	,	PUNCT
ajfa-11537	21	12	purchase	purchase	VERB
ajfa-11537	21	13	inventory	inventory	NOUN
ajfa-11537	21	14	or	or	CCONJ
ajfa-11537	21	15	market	market	VERB
ajfa-11537	21	16	the	the	DET
ajfa-11537	21	17	company	company	NOUN
ajfa-11537	21	18	and	and	CCONJ
ajfa-11537	21	19	its	its	PRON
ajfa-11537	21	20	ideas	idea	NOUN
ajfa-11537	21	21	.	.	PUNCT
ajfa-11537	22	1	all	all	DET
ajfa-11537	22	2	these	these	PRON
ajfa-11537	22	3	require	require	VERB
ajfa-11537	22	4	cash	cash	NOUN
ajfa-11537	22	5	and	and	CCONJ
ajfa-11537	22	6	for	for	ADP
ajfa-11537	22	7	these	these	PRON
ajfa-11537	22	8	the	the	DET
ajfa-11537	22	9	reasons	reason	NOUN
ajfa-11537	22	10	companies	company	NOUN
ajfa-11537	22	11	raise	raise	VERB
ajfa-11537	22	12	investment	investment	NOUN
ajfa-11537	22	13	strategizing	strategize	VERB
ajfa-11537	22	14	the	the	DET
ajfa-11537	22	15	future	future	ADJ
ajfa-11537	22	16	growth	growth	NOUN
ajfa-11537	22	17	chart	chart	NOUN
ajfa-11537	22	18	for	for	ADP
ajfa-11537	22	19	the	the	DET
ajfa-11537	22	20	companies	company	NOUN
ajfa-11537	22	21	.	.	PUNCT
ajfa-11537	23	1	the	the	DET
ajfa-11537	23	2	question	question	NOUN
ajfa-11537	23	3	that	that	PRON
ajfa-11537	23	4	will	will	AUX
ajfa-11537	23	5	be	be	AUX
ajfa-11537	23	6	raised	raise	VERB
ajfa-11537	23	7	is	be	AUX
ajfa-11537	23	8	,	,	PUNCT
ajfa-11537	23	9	what	what	PRON
ajfa-11537	23	10	the	the	DET
ajfa-11537	23	11	companies	company	NOUN
ajfa-11537	23	12	sell	sell	VERB
ajfa-11537	23	13	that	that	PRON
ajfa-11537	23	14	attracted	attract	VERB
ajfa-11537	23	15	investors	investor	NOUN
ajfa-11537	23	16	to	to	PART
ajfa-11537	23	17	lend	lend	VERB
ajfa-11537	23	18	money	money	NOUN
ajfa-11537	23	19	to	to	ADP
ajfa-11537	23	20	the	the	DET
ajfa-11537	23	21	company	company	NOUN
ajfa-11537	23	22	?	?	PUNCT
ajfa-11537	24	1	raising	raise	VERB
ajfa-11537	24	2	funds	fund	NOUN
ajfa-11537	24	3	through	through	ADP
ajfa-11537	24	4	ipos	ipos	NOUN
ajfa-11537	24	5	is	be	AUX
ajfa-11537	24	6	a	a	DET
ajfa-11537	24	7	very	very	ADV
ajfa-11537	24	8	popular	popular	ADJ
ajfa-11537	24	9	ways	way	NOUN
ajfa-11537	24	10	to	to	PART
ajfa-11537	24	11	raise	raise	VERB
ajfa-11537	24	12	funds	fund	NOUN
ajfa-11537	24	13	for	for	ADP
ajfa-11537	24	14	a	a	DET
ajfa-11537	24	15	company	company	NOUN
ajfa-11537	24	16	.	.	PUNCT
ajfa-11537	25	1	ipos	ipos	PROPN
ajfa-11537	25	2	is	be	AUX
ajfa-11537	25	3	where	where	SCONJ
ajfa-11537	25	4	a	a	DET
ajfa-11537	25	5	private	private	ADJ
ajfa-11537	25	6	company	company	NOUN
ajfa-11537	25	7	going	go	VERB
ajfa-11537	25	8	public	public	ADJ
ajfa-11537	25	9	by	by	ADP
ajfa-11537	25	10	selling	sell	VERB
ajfa-11537	25	11	its	its	PRON
ajfa-11537	25	12	share	share	NOUN
ajfa-11537	25	13	to	to	ADP
ajfa-11537	25	14	the	the	DET
ajfa-11537	25	15	public	public	NOUN
ajfa-11537	25	16	in	in	ADP
ajfa-11537	25	17	an	an	DET
ajfa-11537	25	18	initial	initial	ADJ
ajfa-11537	25	19	public	public	ADJ
ajfa-11537	25	20	offering	offering	NOUN
ajfa-11537	25	21	.	.	PUNCT
ajfa-11537	26	1	the	the	DET
ajfa-11537	26	2	public	public	ADJ
ajfa-11537	26	3	offerings	offering	NOUN
ajfa-11537	26	4	will	will	AUX
ajfa-11537	26	5	be	be	AUX
ajfa-11537	26	6	done	do	VERB
ajfa-11537	26	7	thru	thru	ADP
ajfa-11537	26	8	an	an	DET
ajfa-11537	26	9	investment	investment	NOUN
ajfa-11537	26	10	bank	bank	NOUN
ajfa-11537	26	11	appointed	appoint	VERB
ajfa-11537	26	12	by	by	ADP
ajfa-11537	26	13	the	the	DET
ajfa-11537	26	14	company	company	NOUN
ajfa-11537	26	15	.	.	PUNCT
ajfa-11537	27	1	it	it	PRON
ajfa-11537	27	2	will	will	AUX
ajfa-11537	27	3	go	go	VERB
ajfa-11537	27	4	through	through	ADP
ajfa-11537	27	5	a	a	DET
ajfa-11537	27	6	complex	complex	ADJ
ajfa-11537	27	7	process	process	NOUN
ajfa-11537	27	8	in	in	ADP
ajfa-11537	27	9	trying	try	VERB
ajfa-11537	27	10	to	to	PART
ajfa-11537	27	11	determine	determine	VERB
ajfa-11537	27	12	the	the	DET
ajfa-11537	27	13	marketability	marketability	NOUN
ajfa-11537	27	14	and	and	CCONJ
ajfa-11537	27	15	saleability	saleability	NOUN
ajfa-11537	27	16	of	of	ADP
ajfa-11537	27	17	the	the	DET
ajfa-11537	27	18	shares	share	NOUN
ajfa-11537	27	19	offered	offer	VERB
ajfa-11537	27	20	.	.	PUNCT
ajfa-11537	28	1	the	the	DET
ajfa-11537	28	2	advantages	advantage	NOUN
ajfa-11537	28	3	of	of	ADP
ajfa-11537	28	4	issuing	issue	VERB
ajfa-11537	28	5	ipos	ipos	NOUN
ajfa-11537	28	6	is	be	AUX
ajfa-11537	28	7	that	that	SCONJ
ajfa-11537	28	8	the	the	DET
ajfa-11537	28	9	company	company	NOUN
ajfa-11537	28	10	may	may	AUX
ajfa-11537	28	11	grow	grow	VERB
ajfa-11537	28	12	its	its	PRON
ajfa-11537	28	13	business	business	NOUN
ajfa-11537	28	14	without	without	ADP
ajfa-11537	28	15	taking	take	VERB
ajfa-11537	28	16	any	any	DET
ajfa-11537	28	17	debt	debt	NOUN
ajfa-11537	28	18	financing	financing	NOUN
ajfa-11537	28	19	that	that	PRON
ajfa-11537	28	20	will	will	AUX
ajfa-11537	28	21	avoid	avoid	VERB
ajfa-11537	28	22	the	the	DET
ajfa-11537	28	23	company	company	NOUN
ajfa-11537	28	24	from	from	ADP
ajfa-11537	28	25	paying	pay	VERB
ajfa-11537	28	26	interest	interest	NOUN
ajfa-11537	28	27	and	and	CCONJ
ajfa-11537	28	28	required	require	VERB
ajfa-11537	28	29	to	to	PART
ajfa-11537	28	30	service	service	NOUN
ajfa-11537	28	31	interest	interest	NOUN
ajfa-11537	28	32	payment	payment	NOUN
ajfa-11537	28	33	.	.	PUNCT
ajfa-11537	29	1	with	with	ADP
ajfa-11537	29	2	the	the	DET
ajfa-11537	29	3	money	money	NOUN
ajfa-11537	29	4	on	on	ADP
ajfa-11537	29	5	the	the	DET
ajfa-11537	29	6	coffer	coffer	NOUN
ajfa-11537	29	7	from	from	ADP
ajfa-11537	29	8	the	the	DET
ajfa-11537	29	9	selling	selling	NOUN
ajfa-11537	29	10	of	of	ADP
ajfa-11537	29	11	stock	stock	NOUN
ajfa-11537	29	12	,	,	PUNCT
ajfa-11537	29	13	company	company	NOUN
ajfa-11537	29	14	will	will	AUX
ajfa-11537	29	15	also	also	ADV
ajfa-11537	29	16	be	be	AUX
ajfa-11537	29	17	able	able	ADJ
ajfa-11537	29	18	to	to	PART
ajfa-11537	29	19	give	give	VERB
ajfa-11537	29	20	better	well	ADJ
ajfa-11537	29	21	compensation	compensation	NOUN
ajfa-11537	29	22	to	to	ADP
ajfa-11537	29	23	their	their	PRON
ajfa-11537	29	24	manager	manager	NOUN
ajfa-11537	29	25	,	,	PUNCT
ajfa-11537	29	26	owner	owner	NOUN
ajfa-11537	29	27	and	and	CCONJ
ajfa-11537	29	28	founder	founder	NOUN
ajfa-11537	29	29	of	of	ADP
ajfa-11537	29	30	the	the	DET
ajfa-11537	29	31	company	company	NOUN
ajfa-11537	29	32	.	.	PUNCT
ajfa-11537	30	1	once	once	SCONJ
ajfa-11537	30	2	it	it	PRON
ajfa-11537	30	3	become	become	VERB
ajfa-11537	30	4	a	a	DET
ajfa-11537	30	5	public	public	ADJ
ajfa-11537	30	6	company	company	NOUN
ajfa-11537	30	7	,	,	PUNCT
ajfa-11537	30	8	additional	additional	ADJ
ajfa-11537	30	9	business	business	NOUN
ajfa-11537	30	10	will	will	AUX
ajfa-11537	30	11	be	be	AUX
ajfa-11537	30	12	made	make	VERB
ajfa-11537	30	13	easier	easy	ADJ
ajfa-11537	30	14	and	and	CCONJ
ajfa-11537	30	15	especially	especially	ADV
ajfa-11537	30	16	if	if	SCONJ
ajfa-11537	30	17	the	the	DET
ajfa-11537	30	18	company	company	NOUN
ajfa-11537	30	19	become	become	VERB
ajfa-11537	30	20	more	more	ADV
ajfa-11537	30	21	successful	successful	ADJ
ajfa-11537	30	22	.	.	PUNCT
ajfa-11537	31	1	what	what	PRON
ajfa-11537	31	2	will	will	AUX
ajfa-11537	31	3	companies	company	NOUN
ajfa-11537	31	4	’	'	PUNCT
ajfa-11537	31	5	sell	sell	VERB
ajfa-11537	31	6	that	that	PRON
ajfa-11537	31	7	will	will	AUX
ajfa-11537	31	8	attract	attract	VERB
ajfa-11537	31	9	the	the	DET
ajfa-11537	31	10	investor	investor	NOUN
ajfa-11537	31	11	to	to	PART
ajfa-11537	31	12	purchase	purchase	VERB
ajfa-11537	31	13	the	the	DET
ajfa-11537	31	14	shares	share	NOUN
ajfa-11537	31	15	.	.	PUNCT
ajfa-11537	32	1	companies	company	NOUN
ajfa-11537	32	2	finance	finance	VERB
ajfa-11537	32	3	their	their	PRON
ajfa-11537	32	4	investment	investment	NOUN
ajfa-11537	32	5	opportunities	opportunity	NOUN
ajfa-11537	32	6	in	in	ADP
ajfa-11537	32	7	the	the	DET
ajfa-11537	32	8	form	form	NOUN
ajfa-11537	32	9	of	of	ADP
ajfa-11537	32	10	real	real	ADJ
ajfa-11537	32	11	assets	asset	NOUN
ajfa-11537	32	12	,	,	PUNCT
ajfa-11537	32	13	inventory	inventory	NOUN
ajfa-11537	32	14	and	and	CCONJ
ajfa-11537	32	15	capital	capital	NOUN
ajfa-11537	32	16	expenses	expense	NOUN
ajfa-11537	32	17	.	.	PUNCT
ajfa-11537	33	1	the	the	DET
ajfa-11537	33	2	proceed	proceed	NOUN
ajfa-11537	33	3	of	of	ADP
ajfa-11537	33	4	the	the	DET
ajfa-11537	33	5	ipos	ipos	NOUN
ajfa-11537	33	6	will	will	AUX
ajfa-11537	33	7	provide	provide	VERB
ajfa-11537	33	8	cash	cash	NOUN
ajfa-11537	33	9	flow	flow	NOUN
ajfa-11537	33	10	for	for	ADP
ajfa-11537	33	11	the	the	DET
ajfa-11537	33	12	companies	company	NOUN
ajfa-11537	33	13	that	that	PRON
ajfa-11537	33	14	can	can	AUX
ajfa-11537	33	15	be	be	AUX
ajfa-11537	33	16	used	use	VERB
ajfa-11537	33	17	to	to	PART
ajfa-11537	33	18	finance	finance	VERB
ajfa-11537	33	19	new	new	ADJ
ajfa-11537	33	20	positive	positive	ADJ
ajfa-11537	33	21	npv	npv	NOUN
ajfa-11537	33	22	projects	project	NOUN
ajfa-11537	33	23	that	that	PRON
ajfa-11537	33	24	can	can	AUX
ajfa-11537	33	25	be	be	AUX
ajfa-11537	33	26	lead	lead	ADJ
ajfa-11537	33	27	to	to	ADP
ajfa-11537	33	28	further	further	ADJ
ajfa-11537	33	29	growth	growth	NOUN
ajfa-11537	33	30	for	for	ADP
ajfa-11537	33	31	the	the	DET
ajfa-11537	33	32	company	company	NOUN
ajfa-11537	33	33	(	(	PUNCT
ajfa-11537	33	34	garfinkel,1993	garfinkel,1993	PROPN
ajfa-11537	33	35	)	)	PUNCT
ajfa-11537	33	36	.	.	PUNCT
ajfa-11537	34	1	this	this	PRON
ajfa-11537	34	2	can	can	AUX
ajfa-11537	34	3	be	be	AUX
ajfa-11537	34	4	translated	translate	VERB
ajfa-11537	34	5	into	into	ADP
ajfa-11537	34	6	the	the	DET
ajfa-11537	34	7	appreciation	appreciation	NOUN
ajfa-11537	34	8	of	of	ADP
ajfa-11537	34	9	shares	share	NOUN
ajfa-11537	34	10	in	in	ADP
ajfa-11537	34	11	the	the	DET
ajfa-11537	34	12	futures	future	NOUN
ajfa-11537	34	13	.	.	PUNCT
ajfa-11537	35	1	however	however	ADV
ajfa-11537	35	2	,	,	PUNCT
ajfa-11537	35	3	companies	company	NOUN
ajfa-11537	35	4	sometimes	sometimes	ADV
ajfa-11537	35	5	can	can	AUX
ajfa-11537	35	6	exploit	exploit	VERB
ajfa-11537	35	7	investors	investor	NOUN
ajfa-11537	35	8	’	'	PUNCT
ajfa-11537	35	9	lack	lack	NOUN
ajfa-11537	35	10	of	of	ADP
ajfa-11537	35	11	knowledge	knowledge	NOUN
ajfa-11537	35	12	towards	towards	ADP
ajfa-11537	35	13	the	the	DET
ajfa-11537	35	14	market	market	NOUN
ajfa-11537	35	15	by	by	ADP
ajfa-11537	35	16	overvaluing	overvalue	VERB
ajfa-11537	35	17	their	their	PRON
ajfa-11537	35	18	shares	share	NOUN
ajfa-11537	35	19	,	,	PUNCT
ajfa-11537	35	20	hoping	hope	VERB
ajfa-11537	35	21	that	that	SCONJ
ajfa-11537	35	22	they	they	PRON
ajfa-11537	35	23	will	will	AUX
ajfa-11537	35	24	get	get	VERB
ajfa-11537	35	25	more	more	ADJ
ajfa-11537	35	26	cash	cash	NOUN
ajfa-11537	35	27	flow	flow	NOUN
ajfa-11537	35	28	.	.	PUNCT
ajfa-11537	36	1	however	however	ADV
ajfa-11537	36	2	,	,	PUNCT
ajfa-11537	36	3	studies	study	NOUN
ajfa-11537	36	4	have	have	AUX
ajfa-11537	36	5	shown	show	VERB
ajfa-11537	36	6	that	that	SCONJ
ajfa-11537	36	7	overvalued	overvalue	VERB
ajfa-11537	36	8	shares	share	NOUN
ajfa-11537	36	9	will	will	AUX
ajfa-11537	36	10	experience	experience	VERB
ajfa-11537	36	11	poor	poor	ADJ
ajfa-11537	36	12	long	long	ADJ
ajfa-11537	36	13	run	run	NOUN
ajfa-11537	36	14	performance	performance	NOUN
ajfa-11537	36	15	(	(	PUNCT
ajfa-11537	36	16	kavita	kavita	PROPN
ajfa-11537	36	17	wadhwa	wadhwa	PROPN
ajfa-11537	36	18	,	,	PUNCT
ajfa-11537	36	19	v.	v.	PROPN
ajfa-11537	36	20	naggi	naggi	PROPN
ajfa-11537	36	21	reddy	reddy	PROPN
ajfa-11537	36	22	,	,	PUNCT
ajfa-11537	36	23	abhinav	abhinav	PROPN
ajfa-11537	36	24	gopal	gopal	PROPN
ajfa-11537	36	25	,	,	PUNCT
ajfa-11537	36	26	abdulkadir	abdulkadir	PROPN
ajfa-11537	36	27	mohamed	mohame	VERB
ajfa-11537	36	28	,	,	PUNCT
ajfa-11537	36	29	2016	2016	NUM
ajfa-11537	36	30	)	)	PUNCT
ajfa-11537	36	31	.	.	PUNCT
ajfa-11537	37	1	investor	investor	NOUN
ajfa-11537	37	2	chooses	choose	VERB
ajfa-11537	37	3	initial	initial	ADJ
ajfa-11537	37	4	public	public	ADJ
ajfa-11537	37	5	offering	offering	NOUN
ajfa-11537	37	6	for	for	ADP
ajfa-11537	37	7	many	many	ADJ
ajfa-11537	37	8	reasons	reason	NOUN
ajfa-11537	37	9	.	.	PUNCT
ajfa-11537	38	1	besides	besides	SCONJ
ajfa-11537	38	2	having	have	VERB
ajfa-11537	38	3	good	good	ADJ
ajfa-11537	38	4	multiples	multiple	NOUN
ajfa-11537	38	5	,	,	PUNCT
ajfa-11537	38	6	evaluating	evaluate	VERB
ajfa-11537	38	7	through	through	ADP
ajfa-11537	38	8	the	the	DET
ajfa-11537	38	9	prospectus	prospectus	NOUN
ajfa-11537	38	10	,	,	PUNCT
ajfa-11537	38	11	will	will	AUX
ajfa-11537	38	12	allow	allow	VERB
ajfa-11537	38	13	investor	investor	NOUN
ajfa-11537	38	14	to	to	PART
ajfa-11537	38	15	analyse	analyse	VERB
ajfa-11537	38	16	the	the	DET
ajfa-11537	38	17	ipo	ipo	NOUN
ajfa-11537	38	18	stock	stock	NOUN
ajfa-11537	38	19	more	more	ADV
ajfa-11537	38	20	meticulously	meticulously	ADV
ajfa-11537	38	21	and	and	CCONJ
ajfa-11537	38	22	thoroughly	thoroughly	ADV
ajfa-11537	38	23	as	as	SCONJ
ajfa-11537	38	24	to	to	PART
ajfa-11537	38	25	compare	compare	VERB
ajfa-11537	38	26	with	with	ADP
ajfa-11537	38	27	buying	buy	VERB
ajfa-11537	38	28	stock	stock	NOUN
ajfa-11537	38	29	under	under	ADP
ajfa-11537	38	30	secondary	secondary	ADJ
ajfa-11537	38	31	market	market	NOUN
ajfa-11537	38	32	.	.	PUNCT
ajfa-11537	39	1	the	the	DET
ajfa-11537	39	2	price	price	NOUN
ajfa-11537	39	3	that	that	PRON
ajfa-11537	39	4	is	be	AUX
ajfa-11537	39	5	being	be	AUX
ajfa-11537	39	6	offered	offer	VERB
ajfa-11537	39	7	and	and	CCONJ
ajfa-11537	39	8	the	the	DET
ajfa-11537	39	9	funds	fund	NOUN
ajfa-11537	39	10	collected	collect	VERB
ajfa-11537	39	11	indeed	indeed	ADV
ajfa-11537	39	12	reflect	reflect	VERB
ajfa-11537	39	13	the	the	DET
ajfa-11537	39	14	performance	performance	NOUN
ajfa-11537	39	15	and	and	CCONJ
ajfa-11537	39	16	expected	expect	VERB
ajfa-11537	39	17	future	future	ADJ
ajfa-11537	39	18	growth	growth	NOUN
ajfa-11537	39	19	of	of	ADP
ajfa-11537	39	20	the	the	DET
ajfa-11537	39	21	companies	company	NOUN
ajfa-11537	39	22	.	.	PUNCT
ajfa-11537	40	1	the	the	DET
ajfa-11537	40	2	expectation	expectation	NOUN
ajfa-11537	40	3	of	of	ADP
ajfa-11537	40	4	investor	investor	NOUN
ajfa-11537	40	5	is	be	AUX
ajfa-11537	40	6	always	always	ADV
ajfa-11537	40	7	that	that	SCONJ
ajfa-11537	40	8	the	the	DET
ajfa-11537	40	9	cash	cash	NOUN
ajfa-11537	40	10	flow	flow	NOUN
ajfa-11537	40	11	from	from	ADP
ajfa-11537	40	12	the	the	DET
ajfa-11537	40	13	ipo	ipo	NOUN
ajfa-11537	40	14	is	be	AUX
ajfa-11537	40	15	to	to	PART
ajfa-11537	40	16	be	be	AUX
ajfa-11537	40	17	plough	plough	NOUN
ajfa-11537	40	18	back	back	ADV
ajfa-11537	40	19	to	to	ADP
ajfa-11537	40	20	the	the	DET
ajfa-11537	40	21	company	company	NOUN
ajfa-11537	40	22	so	so	SCONJ
ajfa-11537	40	23	that	that	SCONJ
ajfa-11537	40	24	they	they	PRON
ajfa-11537	40	25	will	will	AUX
ajfa-11537	40	26	be	be	AUX
ajfa-11537	40	27	used	use	VERB
ajfa-11537	40	28	it	it	PRON
ajfa-11537	40	29	to	to	PART
ajfa-11537	40	30	create	create	VERB
ajfa-11537	40	31	asian	asian	ADJ
ajfa-11537	40	32	journal	journal	NOUN
ajfa-11537	40	33	of	of	ADP
ajfa-11537	40	34	finance	finance	PROPN
ajfa-11537	40	35	&	&	CCONJ
ajfa-11537	40	36	accounting	accounting	PROPN
ajfa-11537	40	37	issn	issn	PROPN
ajfa-11537	40	38	1946	1946	NUM
ajfa-11537	40	39	-	-	PUNCT
ajfa-11537	40	40	052x	052x	PROPN
ajfa-11537	40	41	2017	2017	NUM
ajfa-11537	40	42	,	,	PUNCT
ajfa-11537	40	43	vol	vol	NOUN
ajfa-11537	40	44	.	.	NOUN
ajfa-11537	40	45	9	9	NUM
ajfa-11537	40	46	,	,	PUNCT
ajfa-11537	40	47	no	no	NOUN
ajfa-11537	40	48	.	.	NOUN
ajfa-11537	40	49	2	2	NUM
ajfa-11537	40	50	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	40	51	257	257	NUM
ajfa-11537	40	52	growth	growth	NOUN
ajfa-11537	40	53	.	.	PUNCT
ajfa-11537	41	1	however	however	ADV
ajfa-11537	41	2	some	some	DET
ajfa-11537	41	3	ipos	ipos	NOUN
ajfa-11537	41	4	do	do	AUX
ajfa-11537	41	5	not	not	PART
ajfa-11537	41	6	offer	offer	VERB
ajfa-11537	41	7	entirely	entirely	ADV
ajfa-11537	41	8	new	new	ADJ
ajfa-11537	41	9	shares	share	NOUN
ajfa-11537	41	10	but	but	CCONJ
ajfa-11537	41	11	also	also	ADV
ajfa-11537	41	12	a	a	DET
ajfa-11537	41	13	proportion	proportion	NOUN
ajfa-11537	41	14	of	of	ADP
ajfa-11537	41	15	it	it	PRON
ajfa-11537	41	16	comes	come	VERB
ajfa-11537	41	17	from	from	ADP
ajfa-11537	41	18	the	the	DET
ajfa-11537	41	19	shares	share	NOUN
ajfa-11537	41	20	of	of	ADP
ajfa-11537	41	21	the	the	DET
ajfa-11537	41	22	existing	exist	VERB
ajfa-11537	41	23	shareholders	shareholder	NOUN
ajfa-11537	41	24	.	.	PUNCT
ajfa-11537	42	1	what	what	PRON
ajfa-11537	42	2	if	if	SCONJ
ajfa-11537	42	3	the	the	DET
ajfa-11537	42	4	total	total	ADJ
ajfa-11537	42	5	ipo	ipo	NOUN
ajfa-11537	42	6	raised	raise	VERB
ajfa-11537	42	7	is	be	AUX
ajfa-11537	42	8	not	not	PART
ajfa-11537	42	9	being	be	AUX
ajfa-11537	42	10	used	use	VERB
ajfa-11537	42	11	for	for	ADP
ajfa-11537	42	12	the	the	DET
ajfa-11537	42	13	future	future	ADJ
ajfa-11537	42	14	growth	growth	NOUN
ajfa-11537	42	15	of	of	ADP
ajfa-11537	42	16	the	the	DET
ajfa-11537	42	17	company	company	NOUN
ajfa-11537	42	18	?	?	PUNCT
ajfa-11537	43	1	ipos	ipos	NOUN
ajfa-11537	43	2	that	that	PRON
ajfa-11537	43	3	are	be	AUX
ajfa-11537	43	4	issued	issue	VERB
ajfa-11537	43	5	and	and	CCONJ
ajfa-11537	43	6	raised	raise	VERB
ajfa-11537	43	7	together	together	ADV
ajfa-11537	43	8	with	with	ADP
ajfa-11537	43	9	the	the	DET
ajfa-11537	43	10	“	"	PUNCT
ajfa-11537	43	11	offer	offer	NOUN
ajfa-11537	43	12	for	for	ADP
ajfa-11537	43	13	sale	sale	NOUN
ajfa-11537	43	14	”	"	PUNCT
ajfa-11537	43	15	as	as	ADP
ajfa-11537	43	16	part	part	NOUN
ajfa-11537	43	17	of	of	ADP
ajfa-11537	43	18	the	the	DET
ajfa-11537	43	19	ipo	ipo	NOUN
ajfa-11537	43	20	but	but	CCONJ
ajfa-11537	43	21	the	the	DET
ajfa-11537	43	22	offer	offer	NOUN
ajfa-11537	43	23	for	for	ADP
ajfa-11537	43	24	sale	sale	NOUN
ajfa-11537	43	25	would	would	AUX
ajfa-11537	43	26	be	be	AUX
ajfa-11537	43	27	used	use	VERB
ajfa-11537	43	28	to	to	PART
ajfa-11537	43	29	distribute	distribute	VERB
ajfa-11537	43	30	cash	cash	NOUN
ajfa-11537	43	31	to	to	ADP
ajfa-11537	43	32	the	the	DET
ajfa-11537	43	33	existing	exist	VERB
ajfa-11537	43	34	shareholders	shareholder	NOUN
ajfa-11537	43	35	.	.	PUNCT
ajfa-11537	44	1	what	what	PRON
ajfa-11537	44	2	would	would	AUX
ajfa-11537	44	3	the	the	DET
ajfa-11537	44	4	perception	perception	NOUN
ajfa-11537	44	5	of	of	ADP
ajfa-11537	44	6	the	the	DET
ajfa-11537	44	7	investors	investor	NOUN
ajfa-11537	44	8	in	in	ADP
ajfa-11537	44	9	this	this	DET
ajfa-11537	44	10	type	type	NOUN
ajfa-11537	44	11	of	of	ADP
ajfa-11537	44	12	ipo	ipo	NOUN
ajfa-11537	44	13	?	?	PUNCT
ajfa-11537	45	1	would	would	AUX
ajfa-11537	45	2	they	they	PRON
ajfa-11537	45	3	perceive	perceive	VERB
ajfa-11537	45	4	that	that	SCONJ
ajfa-11537	45	5	shareholders	shareholder	NOUN
ajfa-11537	45	6	have	have	VERB
ajfa-11537	45	7	lack	lack	NOUN
ajfa-11537	45	8	of	of	ADP
ajfa-11537	45	9	confidence	confidence	NOUN
ajfa-11537	45	10	to	to	ADP
ajfa-11537	45	11	the	the	DET
ajfa-11537	45	12	future	future	ADJ
ajfa-11537	45	13	plan	plan	NOUN
ajfa-11537	45	14	of	of	ADP
ajfa-11537	45	15	the	the	DET
ajfa-11537	45	16	company	company	NOUN
ajfa-11537	45	17	or	or	CCONJ
ajfa-11537	45	18	the	the	DET
ajfa-11537	45	19	price	price	NOUN
ajfa-11537	45	20	offered	offer	VERB
ajfa-11537	45	21	is	be	AUX
ajfa-11537	45	22	above	above	ADP
ajfa-11537	45	23	their	their	PRON
ajfa-11537	45	24	valuation	valuation	NOUN
ajfa-11537	45	25	price	price	NOUN
ajfa-11537	45	26	.	.	PUNCT
ajfa-11537	46	1	would	would	AUX
ajfa-11537	46	2	the	the	DET
ajfa-11537	46	3	negative	negative	ADJ
ajfa-11537	46	4	perception	perception	NOUN
ajfa-11537	46	5	to	to	ADP
ajfa-11537	46	6	the	the	DET
ajfa-11537	46	7	selling	selling	NOUN
ajfa-11537	46	8	of	of	ADP
ajfa-11537	46	9	ipo	ipo	NOUN
ajfa-11537	46	10	shares	share	NOUN
ajfa-11537	46	11	,	,	PUNCT
ajfa-11537	46	12	lower	low	ADJ
ajfa-11537	46	13	the	the	DET
ajfa-11537	46	14	demand	demand	NOUN
ajfa-11537	46	15	of	of	ADP
ajfa-11537	46	16	the	the	DET
ajfa-11537	46	17	ipo	ipo	NOUN
ajfa-11537	46	18	shares	share	NOUN
ajfa-11537	46	19	price	price	NOUN
ajfa-11537	46	20	in	in	ADP
ajfa-11537	46	21	the	the	DET
ajfa-11537	46	22	initial	initial	ADJ
ajfa-11537	46	23	aftermarket	aftermarket	NOUN
ajfa-11537	46	24	performances	performance	NOUN
ajfa-11537	46	25	.	.	PUNCT
ajfa-11537	47	1	can	can	AUX
ajfa-11537	47	2	it	it	PRON
ajfa-11537	47	3	have	have	VERB
ajfa-11537	47	4	an	an	DET
ajfa-11537	47	5	influence	influence	NOUN
ajfa-11537	47	6	on	on	ADP
ajfa-11537	47	7	the	the	DET
ajfa-11537	47	8	price	price	NOUN
ajfa-11537	47	9	aftermarket	aftermarket	NOUN
ajfa-11537	47	10	performance	performance	NOUN
ajfa-11537	47	11	?	?	PUNCT
ajfa-11537	48	1	we	we	PRON
ajfa-11537	48	2	would	would	AUX
ajfa-11537	48	3	like	like	VERB
ajfa-11537	48	4	to	to	PART
ajfa-11537	48	5	do	do	VERB
ajfa-11537	48	6	a	a	DET
ajfa-11537	48	7	research	research	NOUN
ajfa-11537	48	8	on	on	ADP
ajfa-11537	48	9	the	the	DET
ajfa-11537	48	10	premises	premise	NOUN
ajfa-11537	48	11	that	that	SCONJ
ajfa-11537	48	12	the	the	DET
ajfa-11537	48	13	portion	portion	NOUN
ajfa-11537	48	14	of	of	ADP
ajfa-11537	48	15	the	the	DET
ajfa-11537	48	16	ipos	ipos	NOUN
ajfa-11537	48	17	goes	go	VERB
ajfa-11537	48	18	back	back	ADV
ajfa-11537	48	19	to	to	ADP
ajfa-11537	48	20	the	the	DET
ajfa-11537	48	21	shareholders	shareholder	NOUN
ajfa-11537	48	22	will	will	AUX
ajfa-11537	48	23	carry	carry	VERB
ajfa-11537	48	24	an	an	DET
ajfa-11537	48	25	impact	impact	NOUN
ajfa-11537	48	26	to	to	ADP
ajfa-11537	48	27	the	the	DET
ajfa-11537	48	28	ipos	ipos	NOUN
ajfa-11537	48	29	sales	sale	NOUN
ajfa-11537	48	30	.	.	PUNCT
ajfa-11537	49	1	the	the	DET
ajfa-11537	49	2	remaining	remain	VERB
ajfa-11537	49	3	sections	section	NOUN
ajfa-11537	49	4	of	of	ADP
ajfa-11537	49	5	this	this	DET
ajfa-11537	49	6	paper	paper	NOUN
ajfa-11537	49	7	is	be	AUX
ajfa-11537	49	8	organized	organize	VERB
ajfa-11537	49	9	as	as	SCONJ
ajfa-11537	49	10	follows	follow	VERB
ajfa-11537	49	11	;	;	PUNCT
ajfa-11537	49	12	section	section	NOUN
ajfa-11537	49	13	2	2	NUM
ajfa-11537	49	14	reviews	review	VERB
ajfa-11537	49	15	relevant	relevant	ADJ
ajfa-11537	49	16	literature	literature	NOUN
ajfa-11537	49	17	.	.	PUNCT
ajfa-11537	50	1	section	section	NOUN
ajfa-11537	50	2	3	3	NUM
ajfa-11537	50	3	describes	describe	VERB
ajfa-11537	50	4	the	the	DET
ajfa-11537	50	5	data	datum	NOUN
ajfa-11537	50	6	and	and	CCONJ
ajfa-11537	50	7	methodology	methodology	NOUN
ajfa-11537	50	8	used	use	VERB
ajfa-11537	50	9	in	in	ADP
ajfa-11537	50	10	this	this	DET
ajfa-11537	50	11	study	study	NOUN
ajfa-11537	50	12	.	.	PUNCT
ajfa-11537	51	1	section	section	NOUN
ajfa-11537	51	2	4	4	NUM
ajfa-11537	51	3	presents	present	VERB
ajfa-11537	51	4	and	and	CCONJ
ajfa-11537	51	5	discusses	discuss	VERB
ajfa-11537	51	6	the	the	DET
ajfa-11537	51	7	empirical	empirical	ADJ
ajfa-11537	51	8	results	result	NOUN
ajfa-11537	51	9	while	while	SCONJ
ajfa-11537	51	10	section	section	NOUN
ajfa-11537	51	11	5	5	NUM
ajfa-11537	51	12	concludes	conclude	VERB
ajfa-11537	51	13	the	the	DET
ajfa-11537	51	14	findings	finding	NOUN
ajfa-11537	51	15	.	.	PUNCT
ajfa-11537	52	1	literature	literature	PROPN
ajfa-11537	52	2	review	review	VERB
ajfa-11537	52	3	ipo	ipo	PROPN
ajfa-11537	52	4	initial	initial	ADJ
ajfa-11537	52	5	aftermarket	aftermarket	NOUN
ajfa-11537	52	6	performance	performance	NOUN
ajfa-11537	52	7	worldwide	worldwide	ADV
ajfa-11537	52	8	a	a	DET
ajfa-11537	52	9	lot	lot	NOUN
ajfa-11537	52	10	of	of	ADP
ajfa-11537	52	11	investors	investor	NOUN
ajfa-11537	52	12	loves	love	VERB
ajfa-11537	52	13	a	a	DET
ajfa-11537	52	14	good	good	ADJ
ajfa-11537	52	15	ipo	ipo	NOUN
ajfa-11537	52	16	story	story	NOUN
ajfa-11537	52	17	,	,	PUNCT
ajfa-11537	52	18	whether	whether	SCONJ
ajfa-11537	52	19	it	it	PRON
ajfa-11537	52	20	’s	’	VERB
ajfa-11537	52	21	a	a	DET
ajfa-11537	52	22	company	company	NOUN
ajfa-11537	52	23	that	that	PRON
ajfa-11537	52	24	soared	soar	VERB
ajfa-11537	52	25	after	after	ADP
ajfa-11537	52	26	its	its	PRON
ajfa-11537	52	27	initial	initial	ADJ
ajfa-11537	52	28	offering	offering	NOUN
ajfa-11537	52	29	or	or	CCONJ
ajfa-11537	52	30	one	one	NUM
ajfa-11537	52	31	that	that	PRON
ajfa-11537	52	32	have	have	AUX
ajfa-11537	52	33	overinflated	overinflate	VERB
ajfa-11537	52	34	in	in	ADP
ajfa-11537	52	35	the	the	DET
ajfa-11537	52	36	early	early	ADJ
ajfa-11537	52	37	excitement	excitement	NOUN
ajfa-11537	52	38	.	.	PUNCT
ajfa-11537	53	1	mayur	mayur	PROPN
ajfa-11537	53	2	&	&	CCONJ
ajfa-11537	53	3	kumar	kumar	PROPN
ajfa-11537	53	4	(	(	PUNCT
ajfa-11537	53	5	2013	2013	NUM
ajfa-11537	53	6	)	)	PUNCT
ajfa-11537	53	7	founds	found	VERB
ajfa-11537	53	8	that	that	SCONJ
ajfa-11537	53	9	indian	indian	ADJ
ajfa-11537	53	10	firm	firm	NOUN
ajfa-11537	53	11	who	who	PRON
ajfa-11537	53	12	go	go	VERB
ajfa-11537	53	13	public	public	ADJ
ajfa-11537	53	14	want	want	VERB
ajfa-11537	53	15	to	to	PART
ajfa-11537	53	16	raise	raise	VERB
ajfa-11537	53	17	capital	capital	NOUN
ajfa-11537	53	18	for	for	ADP
ajfa-11537	53	19	their	their	PRON
ajfa-11537	53	20	growth	growth	NOUN
ajfa-11537	53	21	and	and	CCONJ
ajfa-11537	53	22	expansion	expansion	NOUN
ajfa-11537	53	23	,	,	PUNCT
ajfa-11537	53	24	diversify	diversify	VERB
ajfa-11537	53	25	the	the	DET
ajfa-11537	53	26	risk	risk	NOUN
ajfa-11537	53	27	of	of	ADP
ajfa-11537	53	28	initial	initial	ADJ
ajfa-11537	53	29	owners	owner	NOUN
ajfa-11537	53	30	and	and	CCONJ
ajfa-11537	53	31	capital	capital	NOUN
ajfa-11537	53	32	structure	structure	NOUN
ajfa-11537	53	33	rebalancing	rebalancing	NOUN
ajfa-11537	53	34	,	,	PUNCT
ajfa-11537	53	35	bring	bring	VERB
ajfa-11537	53	36	down	down	ADP
ajfa-11537	53	37	their	their	PRON
ajfa-11537	53	38	cost	cost	NOUN
ajfa-11537	53	39	of	of	ADP
ajfa-11537	53	40	capital	capital	NOUN
ajfa-11537	53	41	,	,	PUNCT
ajfa-11537	53	42	increase	increase	VERB
ajfa-11537	53	43	the	the	DET
ajfa-11537	53	44	liquidity	liquidity	NOUN
ajfa-11537	53	45	of	of	ADP
ajfa-11537	53	46	their	their	PRON
ajfa-11537	53	47	shares	share	NOUN
ajfa-11537	53	48	,	,	PUNCT
ajfa-11537	53	49	avoid	avoid	VERB
ajfa-11537	53	50	excessive	excessive	ADJ
ajfa-11537	53	51	monitoring	monitoring	NOUN
ajfa-11537	53	52	or	or	CCONJ
ajfa-11537	53	53	large	large	ADJ
ajfa-11537	53	54	shareholders	shareholder	NOUN
ajfa-11537	53	55	and	and	CCONJ
ajfa-11537	53	56	to	to	PART
ajfa-11537	53	57	seek	seek	VERB
ajfa-11537	53	58	publicity	publicity	NOUN
ajfa-11537	53	59	.	.	PUNCT
ajfa-11537	54	1	younger	young	ADJ
ajfa-11537	54	2	,	,	PUNCT
ajfa-11537	54	3	riskier	risky	ADJ
ajfa-11537	54	4	,	,	PUNCT
ajfa-11537	54	5	transparent	transparent	ADJ
ajfa-11537	54	6	,	,	PUNCT
ajfa-11537	54	7	more	more	ADV
ajfa-11537	54	8	profitable	profitable	ADJ
ajfa-11537	54	9	,	,	PUNCT
ajfa-11537	54	10	experiencing	experience	VERB
ajfa-11537	54	11	higher	high	ADJ
ajfa-11537	54	12	sales	sale	NOUN
ajfa-11537	54	13	growth	growth	NOUN
ajfa-11537	54	14	and	and	CCONJ
ajfa-11537	54	15	size	size	NOUN
ajfa-11537	54	16	of	of	ADP
ajfa-11537	54	17	the	the	DET
ajfa-11537	54	18	company	company	NOUN
ajfa-11537	54	19	will	will	AUX
ajfa-11537	54	20	become	become	VERB
ajfa-11537	54	21	larger	large	ADJ
ajfa-11537	54	22	are	be	AUX
ajfa-11537	54	23	the	the	DET
ajfa-11537	54	24	impact	impact	NOUN
ajfa-11537	54	25	to	to	ADP
ajfa-11537	54	26	those	those	DET
ajfa-11537	54	27	companies	company	NOUN
ajfa-11537	54	28	who	who	PRON
ajfa-11537	54	29	go	go	VERB
ajfa-11537	54	30	public	public	ADJ
ajfa-11537	54	31	.	.	PUNCT
ajfa-11537	55	1	however	however	ADV
ajfa-11537	55	2	,	,	PUNCT
ajfa-11537	55	3	there	there	PRON
ajfa-11537	55	4	are	be	VERB
ajfa-11537	55	5	cost	cost	NOUN
ajfa-11537	55	6	in	in	ADP
ajfa-11537	55	7	becoming	become	VERB
ajfa-11537	55	8	public	public	ADJ
ajfa-11537	55	9	which	which	PRON
ajfa-11537	55	10	are	be	AUX
ajfa-11537	55	11	information	information	NOUN
ajfa-11537	55	12	asymmetry	asymmetry	NOUN
ajfa-11537	55	13	and	and	CCONJ
ajfa-11537	55	14	adverse	adverse	ADJ
ajfa-11537	55	15	selection	selection	NOUN
ajfa-11537	55	16	cost	cost	NOUN
ajfa-11537	55	17	,	,	PUNCT
ajfa-11537	55	18	experience	experience	NOUN
ajfa-11537	55	19	loss	loss	NOUN
ajfa-11537	55	20	of	of	ADP
ajfa-11537	55	21	confidentiality	confidentiality	NOUN
ajfa-11537	55	22	,	,	PUNCT
ajfa-11537	55	23	and	and	CCONJ
ajfa-11537	55	24	bear	bear	VERB
ajfa-11537	55	25	initial	initial	ADJ
ajfa-11537	55	26	and	and	CCONJ
ajfa-11537	55	27	subsequent	subsequent	ADJ
ajfa-11537	55	28	expenses	expense	NOUN
ajfa-11537	55	29	.	.	PUNCT
ajfa-11537	56	1	investors	investor	NOUN
ajfa-11537	56	2	are	be	AUX
ajfa-11537	56	3	actively	actively	ADV
ajfa-11537	56	4	into	into	ADP
ajfa-11537	56	5	flipping	flip	VERB
ajfa-11537	56	6	activity	activity	NOUN
ajfa-11537	56	7	which	which	PRON
ajfa-11537	56	8	continue	continue	VERB
ajfa-11537	56	9	until	until	ADP
ajfa-11537	56	10	subsequent	subsequent	ADJ
ajfa-11537	56	11	week	week	NOUN
ajfa-11537	56	12	in	in	ADP
ajfa-11537	56	13	the	the	DET
ajfa-11537	56	14	malaysia	malaysia	PROPN
ajfa-11537	56	15	ipo	ipo	PROPN
ajfa-11537	56	16	market	market	NOUN
ajfa-11537	56	17	.	.	PUNCT
ajfa-11537	57	1	stock	stock	NOUN
ajfa-11537	57	2	market	market	NOUN
ajfa-11537	57	3	regulator	regulator	NOUN
ajfa-11537	57	4	need	need	VERB
ajfa-11537	57	5	to	to	PART
ajfa-11537	57	6	do	do	VERB
ajfa-11537	57	7	something	something	PRON
ajfa-11537	57	8	since	since	SCONJ
ajfa-11537	57	9	extreme	extreme	ADJ
ajfa-11537	57	10	flipping	flipping	NOUN
ajfa-11537	57	11	activity	activity	NOUN
ajfa-11537	57	12	might	might	AUX
ajfa-11537	57	13	detrimental	detrimental	VERB
ajfa-11537	57	14	the	the	DET
ajfa-11537	57	15	secondary	secondary	ADJ
ajfa-11537	57	16	ipo	ipo	NOUN
ajfa-11537	57	17	market	market	NOUN
ajfa-11537	57	18	.	.	PUNCT
ajfa-11537	58	1	abdul	abdul	PROPN
ajfa-11537	58	2	rahim	rahim	PROPN
ajfa-11537	58	3	,	,	PUNCT
ajfa-11537	58	4	sapian	sapian	PROPN
ajfa-11537	58	5	,	,	PUNCT
ajfa-11537	58	6	yong	yong	PROPN
ajfa-11537	58	7	,	,	PUNCT
ajfa-11537	58	8	&	&	CCONJ
ajfa-11537	58	9	auzairy	auzairy	PROPN
ajfa-11537	58	10	(	(	PUNCT
ajfa-11537	58	11	2013	2013	NUM
ajfa-11537	58	12	)	)	PUNCT
ajfa-11537	58	13	found	find	VERB
ajfa-11537	58	14	that	that	SCONJ
ajfa-11537	58	15	extreme	extreme	ADJ
ajfa-11537	58	16	flipping	flipping	NOUN
ajfa-11537	58	17	activity	activity	NOUN
ajfa-11537	58	18	will	will	AUX
ajfa-11537	58	19	create	create	VERB
ajfa-11537	58	20	synthetic	synthetic	ADJ
ajfa-11537	58	21	pressure	pressure	NOUN
ajfa-11537	58	22	on	on	ADP
ajfa-11537	58	23	the	the	DET
ajfa-11537	58	24	ipo	ipo	NOUN
ajfa-11537	58	25	price	price	NOUN
ajfa-11537	58	26	that	that	DET
ajfa-11537	58	27	garb	garb	NOUN
ajfa-11537	58	28	for	for	ADP
ajfa-11537	58	29	speculative	speculative	ADJ
ajfa-11537	58	30	activities	activity	NOUN
ajfa-11537	58	31	.	.	PUNCT
ajfa-11537	59	1	while	while	SCONJ
ajfa-11537	59	2	study	study	NOUN
ajfa-11537	59	3	done	do	VERB
ajfa-11537	59	4	by	by	ADP
ajfa-11537	59	5	islam	islam	PROPN
ajfa-11537	59	6	,	,	PUNCT
ajfa-11537	59	7	m.	m.	PROPN
ajfa-11537	59	8	s.	s.	PROPN
ajfa-11537	59	9	,	,	PUNCT
ajfa-11537	59	10	&	&	CCONJ
ajfa-11537	59	11	munira	munira	PROPN
ajfa-11537	59	12	s.	s.	PROPN
ajfa-11537	59	13	(	(	PUNCT
ajfa-11537	59	14	2004	2004	NUM
ajfa-11537	59	15	)	)	PUNCT
ajfa-11537	59	16	found	find	VERB
ajfa-11537	59	17	that	that	SCONJ
ajfa-11537	59	18	ipo	ipo	NOUN
ajfa-11537	59	19	flipping	flipping	NOUN
ajfa-11537	59	20	is	be	AUX
ajfa-11537	59	21	certain	certain	ADJ
ajfa-11537	59	22	in	in	ADP
ajfa-11537	59	23	the	the	DET
ajfa-11537	59	24	initial	initial	ADJ
ajfa-11537	59	25	aftermarket	aftermarket	NOUN
ajfa-11537	59	26	.	.	PUNCT
ajfa-11537	60	1	bangladesh	bangladesh	NOUN
ajfa-11537	60	2	market	market	NOUN
ajfa-11537	60	3	is	be	AUX
ajfa-11537	60	4	stimulus	stimulus	ADJ
ajfa-11537	60	5	by	by	ADP
ajfa-11537	60	6	institutional	institutional	ADJ
ajfa-11537	60	7	investors	investor	NOUN
ajfa-11537	60	8	and	and	CCONJ
ajfa-11537	60	9	issue	issue	NOUN
ajfa-11537	60	10	size	size	NOUN
ajfa-11537	60	11	.	.	PUNCT
ajfa-11537	61	1	it	it	PRON
ajfa-11537	61	2	helps	help	VERB
ajfa-11537	61	3	investor	investor	NOUN
ajfa-11537	61	4	in	in	ADP
ajfa-11537	61	5	predicting	predict	VERB
ajfa-11537	61	6	the	the	DET
ajfa-11537	61	7	liquidity	liquidity	NOUN
ajfa-11537	61	8	and	and	CCONJ
ajfa-11537	61	9	price	price	NOUN
ajfa-11537	61	10	of	of	ADP
ajfa-11537	61	11	ipo	ipo	NOUN
ajfa-11537	61	12	stock	stock	NOUN
ajfa-11537	61	13	in	in	ADP
ajfa-11537	61	14	the	the	DET
ajfa-11537	61	15	immediate	immediate	ADJ
ajfa-11537	61	16	aftermarket	aftermarket	NOUN
ajfa-11537	61	17	.	.	PUNCT
ajfa-11537	62	1	as	as	SCONJ
ajfa-11537	62	2	to	to	PART
ajfa-11537	62	3	limit	limit	VERB
ajfa-11537	62	4	the	the	DET
ajfa-11537	62	5	proportion	proportion	NOUN
ajfa-11537	62	6	of	of	ADP
ajfa-11537	62	7	institutional	institutional	ADJ
ajfa-11537	62	8	investor	investor	NOUN
ajfa-11537	62	9	preferable	preferable	ADJ
ajfa-11537	62	10	to	to	PART
ajfa-11537	62	11	do	do	VERB
ajfa-11537	62	12	flipping	flipping	NOUN
ajfa-11537	62	13	activity	activity	NOUN
ajfa-11537	62	14	,	,	PUNCT
ajfa-11537	62	15	sec	sec	PROPN
ajfa-11537	62	16	as	as	SCONJ
ajfa-11537	62	17	regulatory	regulatory	ADJ
ajfa-11537	62	18	authority	authority	NOUN
ajfa-11537	62	19	may	may	AUX
ajfa-11537	62	20	consider	consider	VERB
ajfa-11537	62	21	to	to	PART
ajfa-11537	62	22	convincing	convince	VERB
ajfa-11537	62	23	the	the	DET
ajfa-11537	62	24	issuer	issuer	NOUN
ajfa-11537	62	25	to	to	PART
ajfa-11537	62	26	allocate	allocate	VERB
ajfa-11537	62	27	lower	low	ADJ
ajfa-11537	62	28	proportion	proportion	NOUN
ajfa-11537	62	29	of	of	ADP
ajfa-11537	62	30	new	new	ADJ
ajfa-11537	62	31	issues	issue	NOUN
ajfa-11537	62	32	.	.	PUNCT
ajfa-11537	63	1	mohd	mohd	PROPN
ajfa-11537	63	2	rashid	rashid	PROPN
ajfa-11537	63	3	,	,	PUNCT
ajfa-11537	63	4	abdul	abdul	PROPN
ajfa-11537	63	5	rahim	rahim	PROPN
ajfa-11537	63	6	,	,	PUNCT
ajfa-11537	63	7	hadori	hadori	NOUN
ajfa-11537	63	8	,	,	PUNCT
ajfa-11537	63	9	&	&	CCONJ
ajfa-11537	63	10	tanha	tanha	PROPN
ajfa-11537	63	11	(	(	PUNCT
ajfa-11537	63	12	2013	2013	NUM
ajfa-11537	63	13	)	)	PUNCT
ajfa-11537	63	14	examines	examine	VERB
ajfa-11537	63	15	the	the	DET
ajfa-11537	63	16	variability	variability	NOUN
ajfa-11537	63	17	in	in	ADP
ajfa-11537	63	18	initial	initial	ADJ
ajfa-11537	63	19	return	return	NOUN
ajfa-11537	63	20	,	,	PUNCT
ajfa-11537	63	21	ipo	ipo	NOUN
ajfa-11537	63	22	volumes	volume	NOUN
ajfa-11537	63	23	,	,	PUNCT
ajfa-11537	63	24	and	and	CCONJ
ajfa-11537	63	25	market	market	NOUN
ajfa-11537	63	26	conditions	condition	NOUN
ajfa-11537	63	27	of	of	ADP
ajfa-11537	63	28	the	the	DET
ajfa-11537	63	29	ipo	ipo	NOUN
ajfa-11537	63	30	listed	list	VERB
ajfa-11537	63	31	in	in	ADP
ajfa-11537	63	32	bursa	bursa	PROPN
ajfa-11537	63	33	malaysia	malaysia	PROPN
ajfa-11537	63	34	during	during	ADP
ajfa-11537	63	35	the	the	DET
ajfa-11537	63	36	period	period	NOUN
ajfa-11537	63	37	from	from	ADP
ajfa-11537	63	38	january	january	PROPN
ajfa-11537	63	39	2000	2000	NUM
ajfa-11537	63	40	to	to	ADP
ajfa-11537	63	41	december	december	PROPN
ajfa-11537	63	42	2010	2010	NUM
ajfa-11537	63	43	.	.	PUNCT
ajfa-11537	64	1	initial	initial	ADJ
ajfa-11537	64	2	return	return	NOUN
ajfa-11537	64	3	and	and	CCONJ
ajfa-11537	64	4	market	market	NOUN
ajfa-11537	64	5	condition	condition	NOUN
ajfa-11537	64	6	may	may	AUX
ajfa-11537	64	7	give	give	VERB
ajfa-11537	64	8	a	a	DET
ajfa-11537	64	9	signal	signal	NOUN
ajfa-11537	64	10	of	of	ADP
ajfa-11537	64	11	the	the	DET
ajfa-11537	64	12	ipo	ipo	NOUN
ajfa-11537	64	13	volume	volume	NOUN
ajfa-11537	64	14	as	as	SCONJ
ajfa-11537	64	15	it	it	PRON
ajfa-11537	64	16	also	also	ADV
ajfa-11537	64	17	influence	influence	VERB
ajfa-11537	64	18	the	the	DET
ajfa-11537	64	19	decison	decison	NOUN
ajfa-11537	64	20	of	of	ADP
ajfa-11537	64	21	the	the	DET
ajfa-11537	64	22	company	company	NOUN
ajfa-11537	64	23	to	to	PART
ajfa-11537	64	24	go	go	VERB
ajfa-11537	64	25	public	public	ADJ
ajfa-11537	64	26	.	.	PUNCT
ajfa-11537	65	1	ipos	ipos	PROPN
ajfa-11537	65	2	asian	asian	PROPN
ajfa-11537	65	3	journal	journal	PROPN
ajfa-11537	65	4	of	of	ADP
ajfa-11537	65	5	finance	finance	PROPN
ajfa-11537	65	6	&	&	CCONJ
ajfa-11537	65	7	accounting	accounting	PROPN
ajfa-11537	65	8	issn	issn	PROPN
ajfa-11537	65	9	1946	1946	NUM
ajfa-11537	65	10	-	-	PUNCT
ajfa-11537	65	11	052x	052x	PROPN
ajfa-11537	65	12	2017	2017	NUM
ajfa-11537	65	13	,	,	PUNCT
ajfa-11537	65	14	vol	vol	NOUN
ajfa-11537	65	15	.	.	NOUN
ajfa-11537	65	16	9	9	NUM
ajfa-11537	65	17	,	,	PUNCT
ajfa-11537	65	18	no	no	INTJ
ajfa-11537	65	19	.	.	NOUN
ajfa-11537	65	20	2	2	NUM
ajfa-11537	65	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	65	22	258	258	NUM
ajfa-11537	65	23	are	be	AUX
ajfa-11537	65	24	risky	risky	ADJ
ajfa-11537	65	25	in	in	ADP
ajfa-11537	65	26	the	the	DET
ajfa-11537	65	27	long	long	ADJ
ajfa-11537	65	28	run	run	NOUN
ajfa-11537	65	29	and	and	CCONJ
ajfa-11537	65	30	also	also	ADV
ajfa-11537	65	31	for	for	ADP
ajfa-11537	65	32	the	the	DET
ajfa-11537	65	33	first	first	ADJ
ajfa-11537	65	34	few	few	ADJ
ajfa-11537	65	35	weeks	week	NOUN
ajfa-11537	65	36	after	after	ADP
ajfa-11537	65	37	the	the	DET
ajfa-11537	65	38	listing	listing	NOUN
ajfa-11537	65	39	.	.	PUNCT
ajfa-11537	66	1	besides	besides	SCONJ
ajfa-11537	66	2	initial	initial	ADJ
ajfa-11537	66	3	return	return	NOUN
ajfa-11537	66	4	and	and	CCONJ
ajfa-11537	66	5	market	market	NOUN
ajfa-11537	66	6	condition	condition	NOUN
ajfa-11537	66	7	,	,	PUNCT
ajfa-11537	66	8	companies	company	NOUN
ajfa-11537	66	9	also	also	ADV
ajfa-11537	66	10	study	study	VERB
ajfa-11537	66	11	on	on	ADP
ajfa-11537	66	12	market	market	NOUN
ajfa-11537	66	13	volatility	volatility	NOUN
ajfa-11537	66	14	before	before	SCONJ
ajfa-11537	66	15	they	they	PRON
ajfa-11537	66	16	make	make	VERB
ajfa-11537	66	17	decision	decision	NOUN
ajfa-11537	66	18	to	to	PART
ajfa-11537	66	19	go	go	VERB
ajfa-11537	66	20	public	public	ADJ
ajfa-11537	66	21	as	as	SCONJ
ajfa-11537	66	22	it	it	PRON
ajfa-11537	66	23	has	have	VERB
ajfa-11537	66	24	positive	positive	ADJ
ajfa-11537	66	25	relationship	relationship	NOUN
ajfa-11537	66	26	with	with	ADP
ajfa-11537	66	27	ipo	ipo	NOUN
ajfa-11537	66	28	volume	volume	NOUN
ajfa-11537	66	29	.	.	PUNCT
ajfa-11537	67	1	studied	study	VERB
ajfa-11537	67	2	done	do	VERB
ajfa-11537	67	3	by	by	ADP
ajfa-11537	67	4	sahoo	sahoo	PROPN
ajfa-11537	67	5	&	&	CCONJ
ajfa-11537	67	6	rajib	rajib	PROPN
ajfa-11537	67	7	(	(	PUNCT
ajfa-11537	67	8	2010	2010	NUM
ajfa-11537	67	9	)	)	PUNCT
ajfa-11537	67	10	on	on	ADP
ajfa-11537	67	11	92	92	NUM
ajfa-11537	67	12	indian	indian	ADJ
ajfa-11537	67	13	ipos	ipos	NOUN
ajfa-11537	67	14	issued	issue	VERB
ajfa-11537	67	15	during	during	ADP
ajfa-11537	67	16	the	the	DET
ajfa-11537	67	17	period	period	NOUN
ajfa-11537	67	18	of	of	ADP
ajfa-11537	67	19	2002	2002	NUM
ajfa-11537	67	20	to	to	ADP
ajfa-11537	67	21	2006	2006	NUM
ajfa-11537	67	22	,	,	PUNCT
ajfa-11537	67	23	it	it	PRON
ajfa-11537	67	24	shows	show	VERB
ajfa-11537	67	25	that	that	SCONJ
ajfa-11537	67	26	indian	indian	ADJ
ajfa-11537	67	27	ipos	ipos	NOUN
ajfa-11537	67	28	are	be	AUX
ajfa-11537	67	29	underpriced	underprice	VERB
ajfa-11537	67	30	on	on	ADP
ajfa-11537	67	31	the	the	DET
ajfa-11537	67	32	listing	listing	NOUN
ajfa-11537	67	33	day	day	NOUN
ajfa-11537	67	34	as	as	ADP
ajfa-11537	67	35	compared	compare	VERB
ajfa-11537	67	36	to	to	ADP
ajfa-11537	67	37	market	market	NOUN
ajfa-11537	67	38	index	index	NOUN
ajfa-11537	67	39	besides	besides	SCONJ
ajfa-11537	67	40	during	during	ADP
ajfa-11537	67	41	the	the	DET
ajfa-11537	67	42	initial	initial	ADJ
ajfa-11537	67	43	year	year	NOUN
ajfa-11537	67	44	of	of	ADP
ajfa-11537	67	45	trading	trading	NOUN
ajfa-11537	67	46	but	but	CCONJ
ajfa-11537	67	47	may	may	AUX
ajfa-11537	67	48	gain	gain	VERB
ajfa-11537	67	49	positive	positive	ADJ
ajfa-11537	67	50	market	market	NOUN
ajfa-11537	67	51	-	-	PUNCT
ajfa-11537	67	52	adjusted	adjust	VERB
ajfa-11537	67	53	return	return	NOUN
ajfa-11537	67	54	thereafter	thereafter	ADV
ajfa-11537	67	55	.	.	PUNCT
ajfa-11537	68	1	underperformance	underperformance	NOUN
ajfa-11537	68	2	of	of	ADP
ajfa-11537	68	3	the	the	DET
ajfa-11537	68	4	ipos	ipos	NOUN
ajfa-11537	68	5	are	be	AUX
ajfa-11537	68	6	due	due	ADJ
ajfa-11537	68	7	to	to	ADP
ajfa-11537	68	8	initial	initial	ADJ
ajfa-11537	68	9	day	day	NOUN
ajfa-11537	68	10	return	return	NOUN
ajfa-11537	68	11	,	,	PUNCT
ajfa-11537	68	12	offer	offer	VERB
ajfa-11537	68	13	size	size	NOUN
ajfa-11537	68	14	,	,	PUNCT
ajfa-11537	68	15	leverage	leverage	NOUN
ajfa-11537	68	16	at	at	ADP
ajfa-11537	68	17	ipo	ipo	NOUN
ajfa-11537	68	18	date	date	NOUN
ajfa-11537	68	19	,	,	PUNCT
ajfa-11537	68	20	ex	ex	NOUN
ajfa-11537	68	21	-	-	NOUN
ajfa-11537	68	22	ante	ante	NOUN
ajfa-11537	68	23	uncertantity	uncertantity	NOUN
ajfa-11537	68	24	and	and	CCONJ
ajfa-11537	68	25	timing	timing	NOUN
ajfa-11537	68	26	of	of	ADP
ajfa-11537	68	27	issue	issue	NOUN
ajfa-11537	68	28	.	.	PUNCT
ajfa-11537	69	1	traditionally	traditionally	ADV
ajfa-11537	69	2	,	,	PUNCT
ajfa-11537	69	3	jegadeesh	jegadeesh	PROPN
ajfa-11537	69	4	,	,	PUNCT
ajfa-11537	69	5	weinstein	weinstein	PROPN
ajfa-11537	69	6	&	&	CCONJ
ajfa-11537	69	7	welch	welch	PROPN
ajfa-11537	69	8	(	(	PUNCT
ajfa-11537	69	9	1993	1993	NUM
ajfa-11537	69	10	)	)	PUNCT
ajfa-11537	69	11	found	find	VERB
ajfa-11537	69	12	that	that	SCONJ
ajfa-11537	69	13	ipo	ipo	NOUN
ajfa-11537	69	14	underpricing	underpricing	NOUN
ajfa-11537	69	15	and	and	CCONJ
ajfa-11537	69	16	the	the	DET
ajfa-11537	69	17	probability	probability	NOUN
ajfa-11537	69	18	and	and	CCONJ
ajfa-11537	69	19	size	size	NOUN
ajfa-11537	69	20	of	of	ADP
ajfa-11537	69	21	subsequent	subsequent	ADJ
ajfa-11537	69	22	seasoned	season	VERB
ajfa-11537	69	23	offerings	offering	NOUN
ajfa-11537	69	24	has	have	VERB
ajfa-11537	69	25	a	a	DET
ajfa-11537	69	26	positive	positive	ADJ
ajfa-11537	69	27	relationship	relationship	NOUN
ajfa-11537	69	28	.	.	PUNCT
ajfa-11537	70	1	those	those	DET
ajfa-11537	70	2	firms	firm	NOUN
ajfa-11537	70	3	are	be	AUX
ajfa-11537	70	4	likely	likely	ADJ
ajfa-11537	70	5	to	to	PART
ajfa-11537	70	6	issue	issue	VERB
ajfa-11537	70	7	seasoned	seasoned	ADJ
ajfa-11537	70	8	equity	equity	NOUN
ajfa-11537	70	9	within	within	ADP
ajfa-11537	70	10	three	three	NUM
ajfa-11537	70	11	years	year	NOUN
ajfa-11537	70	12	of	of	ADP
ajfa-11537	70	13	their	their	PRON
ajfa-11537	70	14	ipos	ipos	NOUN
ajfa-11537	70	15	in	in	ADP
ajfa-11537	70	16	a	a	DET
ajfa-11537	70	17	large	large	ADJ
ajfa-11537	70	18	amount	amount	NOUN
ajfa-11537	70	19	when	when	SCONJ
ajfa-11537	70	20	they	they	PRON
ajfa-11537	70	21	experience	experience	VERB
ajfa-11537	70	22	relatively	relatively	ADV
ajfa-11537	70	23	larger	large	ADJ
ajfa-11537	70	24	ipo	ipo	NOUN
ajfa-11537	70	25	-	-	PUNCT
ajfa-11537	70	26	date	date	NOUN
ajfa-11537	70	27	returns	return	NOUN
ajfa-11537	70	28	.	.	PUNCT
ajfa-11537	71	1	abdul	abdul	PROPN
ajfa-11537	71	2	rahim	rahim	PROPN
ajfa-11537	71	3	et	et	PROPN
ajfa-11537	71	4	.	.	PUNCT
ajfa-11537	72	1	al	al	PROPN
ajfa-11537	72	2	(	(	PUNCT
ajfa-11537	72	3	2012	2012	NUM
ajfa-11537	72	4	)	)	PUNCT
ajfa-11537	72	5	studied	study	VERB
ajfa-11537	72	6	the	the	DET
ajfa-11537	72	7	winner	winner	NOUN
ajfa-11537	72	8	’s	’s	PART
ajfa-11537	72	9	curse	curse	ADJ
ajfa-11537	72	10	hypothesis	hypothesis	NOUN
ajfa-11537	72	11	in	in	ADP
ajfa-11537	72	12	a	a	DET
ajfa-11537	72	13	sample	sample	NOUN
ajfa-11537	72	14	of	of	ADP
ajfa-11537	72	15	384	384	NUM
ajfa-11537	72	16	ipos	ipos	NOUN
ajfa-11537	72	17	listed	list	VERB
ajfa-11537	72	18	on	on	ADP
ajfa-11537	72	19	bursa	bursa	PROPN
ajfa-11537	72	20	malaysia	malaysia	PROPN
ajfa-11537	72	21	from	from	ADP
ajfa-11537	72	22	1999	1999	NUM
ajfa-11537	72	23	to	to	ADP
ajfa-11537	72	24	2008	2008	NUM
ajfa-11537	72	25	.	.	PUNCT
ajfa-11537	73	1	when	when	SCONJ
ajfa-11537	73	2	the	the	DET
ajfa-11537	73	3	ipos	ipos	NOUN
ajfa-11537	73	4	are	be	AUX
ajfa-11537	73	5	overpriced	overpriced	ADJ
ajfa-11537	73	6	,	,	PUNCT
ajfa-11537	73	7	investors	investor	NOUN
ajfa-11537	73	8	are	be	AUX
ajfa-11537	73	9	more	more	ADV
ajfa-11537	73	10	likely	likely	ADJ
ajfa-11537	73	11	to	to	PART
ajfa-11537	73	12	gain	gain	VERB
ajfa-11537	73	13	more	more	ADJ
ajfa-11537	73	14	in	in	ADP
ajfa-11537	73	15	their	their	PRON
ajfa-11537	73	16	subscription	subscription	NOUN
ajfa-11537	73	17	.	.	PUNCT
ajfa-11537	74	1	investors	investor	NOUN
ajfa-11537	74	2	are	be	AUX
ajfa-11537	74	3	advisable	advisable	ADJ
ajfa-11537	74	4	to	to	PART
ajfa-11537	74	5	gather	gather	VERB
ajfa-11537	74	6	all	all	DET
ajfa-11537	74	7	available	available	ADJ
ajfa-11537	74	8	information	information	NOUN
ajfa-11537	74	9	that	that	PRON
ajfa-11537	74	10	may	may	AUX
ajfa-11537	74	11	influence	influence	VERB
ajfa-11537	74	12	the	the	DET
ajfa-11537	74	13	ipos	ipos	NOUN
ajfa-11537	74	14	performance	performance	NOUN
ajfa-11537	74	15	before	before	ADP
ajfa-11537	74	16	making	make	VERB
ajfa-11537	74	17	decision	decision	NOUN
ajfa-11537	74	18	to	to	PART
ajfa-11537	74	19	subscribe	subscribe	VERB
ajfa-11537	74	20	any	any	DET
ajfa-11537	74	21	ipos	ipos	NOUN
ajfa-11537	74	22	.	.	PUNCT
ajfa-11537	75	1	besides	besides	SCONJ
ajfa-11537	75	2	that	that	PRON
ajfa-11537	75	3	,	,	PUNCT
ajfa-11537	75	4	during	during	ADP
ajfa-11537	75	5	the	the	DET
ajfa-11537	75	6	participation	participation	NOUN
ajfa-11537	75	7	of	of	ADP
ajfa-11537	75	8	institutional	institutional	ADJ
ajfa-11537	75	9	investors	investor	NOUN
ajfa-11537	75	10	in	in	ADP
ajfa-11537	75	11	the	the	DET
ajfa-11537	75	12	ipos	ipos	NOUN
ajfa-11537	75	13	,	,	PUNCT
ajfa-11537	75	14	uninformed	uninformed	ADJ
ajfa-11537	75	15	investors	investor	NOUN
ajfa-11537	75	16	are	be	AUX
ajfa-11537	75	17	willingly	willingly	ADJ
ajfa-11537	75	18	to	to	PART
ajfa-11537	75	19	pay	pay	VERB
ajfa-11537	75	20	high	high	ADJ
ajfa-11537	75	21	offer	offer	NOUN
ajfa-11537	75	22	price	price	NOUN
ajfa-11537	75	23	and	and	CCONJ
ajfa-11537	75	24	accept	accept	VERB
ajfa-11537	75	25	lower	low	ADJ
ajfa-11537	75	26	initial	initial	ADJ
ajfa-11537	75	27	returns	return	NOUN
ajfa-11537	75	28	since	since	SCONJ
ajfa-11537	75	29	they	they	PRON
ajfa-11537	75	30	are	be	AUX
ajfa-11537	75	31	confidence	confidence	NOUN
ajfa-11537	75	32	on	on	ADP
ajfa-11537	75	33	the	the	DET
ajfa-11537	75	34	performance	performance	NOUN
ajfa-11537	75	35	of	of	ADP
ajfa-11537	75	36	the	the	DET
ajfa-11537	75	37	ipos	ipos	NOUN
ajfa-11537	75	38	.	.	PUNCT
ajfa-11537	76	1	but	but	CCONJ
ajfa-11537	76	2	,	,	PUNCT
ajfa-11537	76	3	to	to	PART
ajfa-11537	76	4	make	make	VERB
ajfa-11537	76	5	the	the	DET
ajfa-11537	76	6	non	non	ADJ
ajfa-11537	76	7	-	-	ADJ
ajfa-11537	76	8	private	private	ADJ
ajfa-11537	76	9	placement	placement	NOUN
ajfa-11537	76	10	ipos	ipos	NOUN
ajfa-11537	76	11	are	be	AUX
ajfa-11537	76	12	fully	fully	ADV
ajfa-11537	76	13	subscribed	subscribe	VERB
ajfa-11537	76	14	,	,	PUNCT
ajfa-11537	76	15	uninformed	uninformed	ADJ
ajfa-11537	76	16	investors	investor	NOUN
ajfa-11537	76	17	need	need	VERB
ajfa-11537	76	18	to	to	PART
ajfa-11537	76	19	be	be	AUX
ajfa-11537	76	20	persuade	persuade	ADJ
ajfa-11537	76	21	with	with	ADP
ajfa-11537	76	22	larger	large	ADJ
ajfa-11537	76	23	initial	initial	ADJ
ajfa-11537	76	24	returns	return	NOUN
ajfa-11537	76	25	during	during	ADP
ajfa-11537	76	26	the	the	DET
ajfa-11537	76	27	absence	absence	NOUN
ajfa-11537	76	28	of	of	ADP
ajfa-11537	76	29	informed	informed	ADJ
ajfa-11537	76	30	investors	investor	NOUN
ajfa-11537	76	31	.	.	PUNCT
ajfa-11537	77	1	offer	offer	VERB
ajfa-11537	77	2	for	for	ADP
ajfa-11537	77	3	sale	sale	NOUN
ajfa-11537	77	4	and	and	CCONJ
ajfa-11537	77	5	hypothesis	hypothesis	NOUN
ajfa-11537	77	6	a	a	DET
ajfa-11537	77	7	longer	long	ADV
ajfa-11537	77	8	lockup	lockup	NOUN
ajfa-11537	77	9	period	period	NOUN
ajfa-11537	77	10	may	may	AUX
ajfa-11537	77	11	give	give	VERB
ajfa-11537	77	12	a	a	DET
ajfa-11537	77	13	signal	signal	NOUN
ajfa-11537	77	14	to	to	PART
ajfa-11537	77	15	venture	venture	VERB
ajfa-11537	77	16	capital	capital	NOUN
ajfa-11537	77	17	(	(	PUNCT
ajfa-11537	77	18	vc	vc	NOUN
ajfa-11537	77	19	)	)	PUNCT
ajfa-11537	77	20	and	and	CCONJ
ajfa-11537	77	21	the	the	DET
ajfa-11537	77	22	reputation	reputation	NOUN
ajfa-11537	77	23	of	of	ADP
ajfa-11537	77	24	underwriter	underwriter	NOUN
ajfa-11537	77	25	backing	backing	NOUN
ajfa-11537	77	26	(	(	PUNCT
ajfa-11537	77	27	j.d	j.d	PROPN
ajfa-11537	77	28	.	.	PROPN
ajfa-11537	77	29	arthurs	arthurs	PROPN
ajfa-11537	77	30	et	et	PROPN
ajfa-11537	77	31	al	al	PROPN
ajfa-11537	77	32	.	.	PROPN
ajfa-11537	77	33	,	,	PUNCT
ajfa-11537	77	34	2009	2009	NUM
ajfa-11537	77	35	)	)	PUNCT
ajfa-11537	77	36	.	.	PUNCT
ajfa-11537	78	1	underpricing	underprice	VERB
ajfa-11537	78	2	can	can	AUX
ajfa-11537	78	3	be	be	AUX
ajfa-11537	78	4	avoided	avoid	VERB
ajfa-11537	78	5	when	when	SCONJ
ajfa-11537	78	6	the	the	DET
ajfa-11537	78	7	lockup	lockup	NOUN
ajfa-11537	78	8	period	period	NOUN
ajfa-11537	78	9	is	be	AUX
ajfa-11537	78	10	longer	long	ADJ
ajfa-11537	78	11	.	.	PUNCT
ajfa-11537	79	1	however	however	ADV
ajfa-11537	79	2	,	,	PUNCT
ajfa-11537	79	3	during	during	ADP
ajfa-11537	79	4	a	a	DET
ajfa-11537	79	5	longer	long	ADJ
ajfa-11537	79	6	lockup	lockup	NOUN
ajfa-11537	79	7	period	period	NOUN
ajfa-11537	79	8	,	,	PUNCT
ajfa-11537	79	9	managers	manager	NOUN
ajfa-11537	79	10	with	with	ADP
ajfa-11537	79	11	sizeable	sizeable	ADJ
ajfa-11537	79	12	ownership	ownership	NOUN
ajfa-11537	79	13	may	may	AUX
ajfa-11537	79	14	resort	resort	VERB
ajfa-11537	79	15	to	to	ADP
ajfa-11537	79	16	risky	risky	ADJ
ajfa-11537	79	17	decisions	decision	NOUN
ajfa-11537	79	18	since	since	SCONJ
ajfa-11537	79	19	they	they	PRON
ajfa-11537	79	20	afraid	afraid	VERB
ajfa-11537	79	21	a	a	DET
ajfa-11537	79	22	certain	certain	ADJ
ajfa-11537	79	23	loss	loss	NOUN
ajfa-11537	79	24	of	of	ADP
ajfa-11537	79	25	wealth	wealth	NOUN
ajfa-11537	79	26	.	.	PUNCT
ajfa-11537	80	1	but	but	CCONJ
ajfa-11537	80	2	,	,	PUNCT
ajfa-11537	80	3	managers	manager	NOUN
ajfa-11537	80	4	may	may	AUX
ajfa-11537	80	5	become	become	VERB
ajfa-11537	80	6	risk	risk	NOUN
ajfa-11537	80	7	averse	averse	ADJ
ajfa-11537	80	8	and	and	CCONJ
ajfa-11537	80	9	avoid	avoid	VERB
ajfa-11537	80	10	making	make	VERB
ajfa-11537	80	11	risky	risky	ADJ
ajfa-11537	80	12	decisions	decision	NOUN
ajfa-11537	80	13	during	during	ADP
ajfa-11537	80	14	shorter	short	ADJ
ajfa-11537	80	15	lockup	lockup	NOUN
ajfa-11537	80	16	period	period	NOUN
ajfa-11537	80	17	.	.	PUNCT
ajfa-11537	81	1	mohd	mohd	PROPN
ajfa-11537	81	2	rashid	rashid	PROPN
ajfa-11537	81	3	,	,	PUNCT
ajfa-11537	81	4	abdul	abdul	PROPN
ajfa-11537	81	5	-	-	PUNCT
ajfa-11537	81	6	rahim	rahim	PROPN
ajfa-11537	81	7	,	,	PUNCT
ajfa-11537	81	8	&	&	CCONJ
ajfa-11537	81	9	yong	yong	PROPN
ajfa-11537	81	10	(	(	PUNCT
ajfa-11537	81	11	2014	2014	NUM
ajfa-11537	81	12	)	)	PUNCT
ajfa-11537	81	13	examines	examine	VERB
ajfa-11537	81	14	the	the	DET
ajfa-11537	81	15	issue	issue	NOUN
ajfa-11537	81	16	of	of	ADP
ajfa-11537	81	17	lock	lock	NOUN
ajfa-11537	81	18	-	-	PUNCT
ajfa-11537	81	19	up	up	ADP
ajfa-11537	81	20	provisions	provision	NOUN
ajfa-11537	81	21	(	(	PUNCT
ajfa-11537	81	22	ratio	ratio	NOUN
ajfa-11537	81	23	and	and	CCONJ
ajfa-11537	81	24	period	period	NOUN
ajfa-11537	81	25	)	)	PUNCT
ajfa-11537	81	26	in	in	ADP
ajfa-11537	81	27	ipos	ipos	NOUN
ajfa-11537	81	28	and	and	CCONJ
ajfa-11537	81	29	their	their	PRON
ajfa-11537	81	30	relationship	relationship	NOUN
ajfa-11537	81	31	with	with	ADP
ajfa-11537	81	32	initial	initial	ADJ
ajfa-11537	81	33	returns	return	NOUN
ajfa-11537	81	34	using	use	VERB
ajfa-11537	81	35	a	a	DET
ajfa-11537	81	36	dataset	dataset	NOUN
ajfa-11537	81	37	from	from	ADP
ajfa-11537	81	38	bursa	bursa	NOUN
ajfa-11537	81	39	malaysia	malaysia	PROPN
ajfa-11537	81	40	spanning	span	VERB
ajfa-11537	81	41	the	the	DET
ajfa-11537	81	42	period	period	NOUN
ajfa-11537	81	43	from	from	ADP
ajfa-11537	81	44	january	january	PROPN
ajfa-11537	81	45	.	.	PUNCT
ajfa-11537	82	1	examines	examine	VERB
ajfa-11537	82	2	whether	whether	SCONJ
ajfa-11537	82	3	the	the	DET
ajfa-11537	82	4	lock	lock	NOUN
ajfa-11537	82	5	-	-	PUNCT
ajfa-11537	82	6	up	up	ADP
ajfa-11537	82	7	ratio	ratio	NOUN
ajfa-11537	82	8	and	and	CCONJ
ajfa-11537	82	9	lock	lock	NOUN
ajfa-11537	82	10	-	-	PUNCT
ajfa-11537	82	11	up	up	ADP
ajfa-11537	82	12	period	period	NOUN
ajfa-11537	82	13	affect	affect	VERB
ajfa-11537	82	14	the	the	DET
ajfa-11537	82	15	initial	initial	ADJ
ajfa-11537	82	16	returns	return	NOUN
ajfa-11537	82	17	,	,	PUNCT
ajfa-11537	82	18	using	use	VERB
ajfa-11537	82	19	a	a	DET
ajfa-11537	82	20	sample	sample	NOUN
ajfa-11537	82	21	of	of	ADP
ajfa-11537	82	22	384	384	NUM
ajfa-11537	82	23	ipos	ipos	NOUN
ajfa-11537	82	24	listed	list	VERB
ajfa-11537	82	25	on	on	ADP
ajfa-11537	82	26	bursa	bursa	PROPN
ajfa-11537	82	27	malaysia	malaysia	PROPN
ajfa-11537	82	28	between	between	ADP
ajfa-11537	82	29	2000	2000	NUM
ajfa-11537	82	30	and	and	CCONJ
ajfa-11537	82	31	2012	2012	NUM
ajfa-11537	82	32	.	.	PUNCT
ajfa-11537	83	1	the	the	DET
ajfa-11537	83	2	results	result	NOUN
ajfa-11537	83	3	of	of	ADP
ajfa-11537	83	4	the	the	DET
ajfa-11537	83	5	cross	cross	ADJ
ajfa-11537	83	6	-	-	ADJ
ajfa-11537	83	7	sectional	sectional	ADJ
ajfa-11537	83	8	multiple	multiple	ADJ
ajfa-11537	83	9	regression	regression	NOUN
ajfa-11537	83	10	show	show	VERB
ajfa-11537	83	11	that	that	SCONJ
ajfa-11537	83	12	the	the	DET
ajfa-11537	83	13	lock	lock	NOUN
ajfa-11537	83	14	-	-	PUNCT
ajfa-11537	83	15	up	up	ADP
ajfa-11537	83	16	period	period	NOUN
ajfa-11537	83	17	is	be	AUX
ajfa-11537	83	18	significantly	significantly	ADV
ajfa-11537	83	19	positive	positive	ADJ
ajfa-11537	83	20	in	in	ADP
ajfa-11537	83	21	explaining	explain	VERB
ajfa-11537	83	22	ipo	ipo	NOUN
ajfa-11537	83	23	initial	initial	ADJ
ajfa-11537	83	24	returns	return	NOUN
ajfa-11537	83	25	,	,	PUNCT
ajfa-11537	83	26	but	but	CCONJ
ajfa-11537	83	27	the	the	DET
ajfa-11537	83	28	lock	lock	NOUN
ajfa-11537	83	29	-	-	PUNCT
ajfa-11537	83	30	up	up	ADP
ajfa-11537	83	31	ratio	ratio	NOUN
ajfa-11537	83	32	is	be	AUX
ajfa-11537	83	33	not	not	PART
ajfa-11537	83	34	.	.	PUNCT
ajfa-11537	84	1	the	the	DET
ajfa-11537	84	2	findings	finding	NOUN
ajfa-11537	84	3	provide	provide	VERB
ajfa-11537	84	4	new	new	ADJ
ajfa-11537	84	5	insights	insight	NOUN
ajfa-11537	84	6	for	for	ADP
ajfa-11537	84	7	testing	test	VERB
ajfa-11537	84	8	the	the	DET
ajfa-11537	84	9	signaling	signal	VERB
ajfa-11537	84	10	content	content	NOUN
ajfa-11537	84	11	of	of	ADP
ajfa-11537	84	12	lock	lock	NOUN
ajfa-11537	84	13	-	-	PUNCT
ajfa-11537	84	14	up	up	ADP
ajfa-11537	84	15	provisions	provision	NOUN
ajfa-11537	84	16	,	,	PUNCT
ajfa-11537	84	17	particularly	particularly	ADV
ajfa-11537	84	18	in	in	ADP
ajfa-11537	84	19	a	a	DET
ajfa-11537	84	20	setting	setting	NOUN
ajfa-11537	84	21	characterized	characterize	VERB
ajfa-11537	84	22	by	by	ADP
ajfa-11537	84	23	high	high	ADJ
ajfa-11537	84	24	information	information	NOUN
ajfa-11537	84	25	asymmetry	asymmetry	NOUN
ajfa-11537	84	26	,	,	PUNCT
ajfa-11537	84	27	lock	lock	NOUN
ajfa-11537	84	28	-	-	PUNCT
ajfa-11537	84	29	up	up	ADP
ajfa-11537	84	30	ratios	ratio	NOUN
ajfa-11537	84	31	and	and	CCONJ
ajfa-11537	84	32	lock	lock	NOUN
ajfa-11537	84	33	-	-	PUNCT
ajfa-11537	84	34	up	up	ADP
ajfa-11537	84	35	periods	period	NOUN
ajfa-11537	84	36	are	be	AUX
ajfa-11537	84	37	predicted	predict	VERB
ajfa-11537	84	38	to	to	PART
ajfa-11537	84	39	have	have	VERB
ajfa-11537	84	40	a	a	DET
ajfa-11537	84	41	positive	positive	ADJ
ajfa-11537	84	42	influence	influence	NOUN
ajfa-11537	84	43	on	on	ADP
ajfa-11537	84	44	the	the	DET
ajfa-11537	84	45	initial	initial	ADJ
ajfa-11537	84	46	returns	return	NOUN
ajfa-11537	84	47	of	of	ADP
ajfa-11537	84	48	ipos	ipos	NOUN
ajfa-11537	84	49	based	base	VERB
ajfa-11537	84	50	on	on	ADP
ajfa-11537	84	51	the	the	DET
ajfa-11537	84	52	risk	risk	NOUN
ajfa-11537	84	53	-	-	PUNCT
ajfa-11537	84	54	signaling	signal	VERB
ajfa-11537	84	55	hypothesis	hypothesis	NOUN
ajfa-11537	84	56	.	.	PUNCT
ajfa-11537	85	1	study	study	NOUN
ajfa-11537	85	2	on	on	ADP
ajfa-11537	85	3	moderating	moderate	VERB
ajfa-11537	85	4	effect	effect	NOUN
ajfa-11537	85	5	of	of	ADP
ajfa-11537	85	6	information	information	NOUN
ajfa-11537	85	7	asymmetry	asymmetry	NOUN
ajfa-11537	85	8	on	on	ADP
ajfa-11537	85	9	the	the	DET
ajfa-11537	85	10	relationship	relationship	NOUN
ajfa-11537	85	11	between	between	ADP
ajfa-11537	85	12	parameters	parameter	NOUN
ajfa-11537	85	13	of	of	ADP
ajfa-11537	85	14	lockup	lockup	NOUN
ajfa-11537	85	15	provision	provision	NOUN
ajfa-11537	85	16	and	and	CCONJ
ajfa-11537	85	17	flipping	flip	VERB
ajfa-11537	85	18	activity	activity	NOUN
ajfa-11537	85	19	of	of	ADP
ajfa-11537	85	20	malaysian	malaysian	ADJ
ajfa-11537	85	21	ipos	ipos	PROPN
ajfa-11537	85	22	has	have	AUX
ajfa-11537	85	23	been	be	AUX
ajfa-11537	85	24	done	do	VERB
ajfa-11537	85	25	by	by	ADP
ajfa-11537	85	26	abdul	abdul	PROPN
ajfa-11537	85	27	-	-	PUNCT
ajfa-11537	85	28	rahim	rahim	PROPN
ajfa-11537	85	29	&	&	CCONJ
ajfa-11537	85	30	che	che	PROPN
ajfa-11537	85	31	yahya	yahya	PROPN
ajfa-11537	85	32	(	(	PUNCT
ajfa-11537	85	33	2015	2015	NUM
ajfa-11537	85	34	)	)	PUNCT
ajfa-11537	85	35	.	.	PUNCT
ajfa-11537	86	1	lock	lock	NOUN
ajfa-11537	86	2	-	-	PUNCT
ajfa-11537	86	3	up	up	ADP
ajfa-11537	86	4	provision	provision	NOUN
ajfa-11537	86	5	is	be	AUX
ajfa-11537	86	6	to	to	PART
ajfa-11537	86	7	promote	promote	VERB
ajfa-11537	86	8	committment	committment	NOUN
ajfa-11537	86	9	among	among	ADP
ajfa-11537	86	10	the	the	DET
ajfa-11537	86	11	major	major	ADJ
ajfa-11537	86	12	asian	asian	ADJ
ajfa-11537	86	13	journal	journal	NOUN
ajfa-11537	86	14	of	of	ADP
ajfa-11537	86	15	finance	finance	PROPN
ajfa-11537	86	16	&	&	CCONJ
ajfa-11537	86	17	accounting	accounting	PROPN
ajfa-11537	86	18	issn	issn	PROPN
ajfa-11537	86	19	1946	1946	NUM
ajfa-11537	86	20	-	-	PUNCT
ajfa-11537	86	21	052x	052x	PROPN
ajfa-11537	86	22	2017	2017	NUM
ajfa-11537	86	23	,	,	PUNCT
ajfa-11537	86	24	vol	vol	NOUN
ajfa-11537	86	25	.	.	NOUN
ajfa-11537	86	26	9	9	NUM
ajfa-11537	86	27	,	,	PUNCT
ajfa-11537	86	28	no	no	NOUN
ajfa-11537	86	29	.	.	NOUN
ajfa-11537	86	30	2	2	NUM
ajfa-11537	86	31	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	86	32	259	259	NUM
ajfa-11537	86	33	shareholders	shareholder	NOUN
ajfa-11537	86	34	as	as	ADP
ajfa-11537	86	35	not	not	PART
ajfa-11537	86	36	to	to	PART
ajfa-11537	86	37	sell	sell	VERB
ajfa-11537	86	38	their	their	PRON
ajfa-11537	86	39	shares	share	NOUN
ajfa-11537	86	40	after	after	ADP
ajfa-11537	86	41	the	the	DET
ajfa-11537	86	42	process	process	NOUN
ajfa-11537	86	43	of	of	ADP
ajfa-11537	86	44	the	the	DET
ajfa-11537	86	45	ipo	ipo	NOUN
ajfa-11537	86	46	but	but	CCONJ
ajfa-11537	86	47	also	also	ADV
ajfa-11537	86	48	it	it	PRON
ajfa-11537	86	49	provide	provide	VERB
ajfa-11537	86	50	signal	signal	NOUN
ajfa-11537	86	51	on	on	ADP
ajfa-11537	86	52	the	the	DET
ajfa-11537	86	53	initial	initial	ADJ
ajfa-11537	86	54	return	return	NOUN
ajfa-11537	86	55	.	.	PUNCT
ajfa-11537	87	1	this	this	DET
ajfa-11537	87	2	study	study	NOUN
ajfa-11537	87	3	founds	found	VERB
ajfa-11537	87	4	that	that	SCONJ
ajfa-11537	87	5	the	the	DET
ajfa-11537	87	6	lockup	lockup	NOUN
ajfa-11537	87	7	provision	provision	NOUN
ajfa-11537	87	8	has	have	VERB
ajfa-11537	87	9	a	a	DET
ajfa-11537	87	10	greater	great	ADJ
ajfa-11537	87	11	influence	influence	NOUN
ajfa-11537	87	12	on	on	ADP
ajfa-11537	87	13	flipping	flip	VERB
ajfa-11537	87	14	activity	activity	NOUN
ajfa-11537	87	15	in	in	ADP
ajfa-11537	87	16	higher	high	ADJ
ajfa-11537	87	17	than	than	ADP
ajfa-11537	87	18	lower	low	ADJ
ajfa-11537	87	19	information	information	NOUN
ajfa-11537	87	20	asymmetry	asymmetry	NOUN
ajfa-11537	87	21	companies	company	NOUN
ajfa-11537	87	22	.	.	PUNCT
ajfa-11537	88	1	both	both	DET
ajfa-11537	88	2	lockup	lockup	NOUN
ajfa-11537	88	3	ratio	ratio	NOUN
ajfa-11537	88	4	and	and	CCONJ
ajfa-11537	88	5	lockup	lockup	NOUN
ajfa-11537	88	6	period	period	NOUN
ajfa-11537	88	7	have	have	VERB
ajfa-11537	88	8	significantly	significantly	ADV
ajfa-11537	88	9	negative	negative	ADJ
ajfa-11537	88	10	impacts	impact	NOUN
ajfa-11537	88	11	on	on	ADP
ajfa-11537	88	12	flipping	flip	VERB
ajfa-11537	88	13	activities	activity	NOUN
ajfa-11537	88	14	.	.	PUNCT
ajfa-11537	89	1	the	the	DET
ajfa-11537	89	2	results	result	NOUN
ajfa-11537	89	3	imply	imply	VERB
ajfa-11537	89	4	that	that	SCONJ
ajfa-11537	89	5	investors	investor	NOUN
ajfa-11537	89	6	have	have	VERB
ajfa-11537	89	7	a	a	DET
ajfa-11537	89	8	greater	great	ADJ
ajfa-11537	89	9	tendency	tendency	NOUN
ajfa-11537	89	10	to	to	PART
ajfa-11537	89	11	flip	flip	VERB
ajfa-11537	89	12	during	during	ADP
ajfa-11537	89	13	the	the	DET
ajfa-11537	89	14	post-2008	post-2008	NOUN
ajfa-11537	89	15	revision	revision	NOUN
ajfa-11537	89	16	period	period	NOUN
ajfa-11537	89	17	when	when	SCONJ
ajfa-11537	89	18	major	major	ADJ
ajfa-11537	89	19	shareholders	shareholder	NOUN
ajfa-11537	89	20	are	be	AUX
ajfa-11537	89	21	perceived	perceive	VERB
ajfa-11537	89	22	to	to	PART
ajfa-11537	89	23	be	be	AUX
ajfa-11537	89	24	less	less	ADV
ajfa-11537	89	25	strongly	strongly	ADV
ajfa-11537	89	26	accounted	account	VERB
ajfa-11537	89	27	for	for	ADP
ajfa-11537	89	28	their	their	PRON
ajfa-11537	89	29	firms‟	firms‟	NOUN
ajfa-11537	89	30	performance	performance	NOUN
ajfa-11537	89	31	.	.	PUNCT
ajfa-11537	90	1	the	the	DET
ajfa-11537	90	2	results	result	NOUN
ajfa-11537	90	3	also	also	ADV
ajfa-11537	90	4	show	show	VERB
ajfa-11537	90	5	that	that	SCONJ
ajfa-11537	90	6	information	information	NOUN
ajfa-11537	90	7	asymmetry	asymmetry	NOUN
ajfa-11537	90	8	moderates	moderate	VERB
ajfa-11537	90	9	the	the	DET
ajfa-11537	90	10	negative	negative	ADJ
ajfa-11537	90	11	relationship	relationship	NOUN
ajfa-11537	90	12	between	between	ADP
ajfa-11537	90	13	lockup	lockup	NOUN
ajfa-11537	90	14	provision	provision	NOUN
ajfa-11537	90	15	and	and	CCONJ
ajfa-11537	90	16	flipping	flipping	NOUN
ajfa-11537	90	17	activity	activity	NOUN
ajfa-11537	90	18	,	,	PUNCT
ajfa-11537	90	19	specifically	specifically	ADV
ajfa-11537	90	20	,	,	PUNCT
ajfa-11537	90	21	in	in	ADP
ajfa-11537	90	22	regards	regard	NOUN
ajfa-11537	90	23	to	to	ADP
ajfa-11537	90	24	lockup	lockup	NOUN
ajfa-11537	90	25	period	period	NOUN
ajfa-11537	90	26	.	.	PUNCT
ajfa-11537	91	1	research	research	NOUN
ajfa-11537	91	2	methodology	methodology	NOUN
ajfa-11537	91	3	sample	sample	NOUN
ajfa-11537	91	4	size	size	NOUN
ajfa-11537	91	5	and	and	CCONJ
ajfa-11537	91	6	procedures	procedure	VERB
ajfa-11537	91	7	the	the	DET
ajfa-11537	91	8	population	population	NOUN
ajfa-11537	91	9	of	of	ADP
ajfa-11537	91	10	this	this	DET
ajfa-11537	91	11	study	study	NOUN
ajfa-11537	91	12	is	be	AUX
ajfa-11537	91	13	all	all	DET
ajfa-11537	91	14	ipos	ipos	NOUN
ajfa-11537	91	15	listed	list	VERB
ajfa-11537	91	16	on	on	ADP
ajfa-11537	91	17	bursa	bursa	PROPN
ajfa-11537	91	18	malaysia	malaysia	PROPN
ajfa-11537	91	19	from	from	ADP
ajfa-11537	91	20	january	january	PROPN
ajfa-11537	91	21	2000	2000	NUM
ajfa-11537	91	22	to	to	ADP
ajfa-11537	91	23	december	december	PROPN
ajfa-11537	91	24	2015	2015	NUM
ajfa-11537	91	25	.	.	PUNCT
ajfa-11537	92	1	there	there	PRON
ajfa-11537	92	2	were	be	VERB
ajfa-11537	92	3	540	540	NUM
ajfa-11537	92	4	ipos	ipos	NOUN
ajfa-11537	92	5	listed	list	VERB
ajfa-11537	92	6	during	during	ADP
ajfa-11537	92	7	this	this	DET
ajfa-11537	92	8	period	period	NOUN
ajfa-11537	92	9	.	.	PUNCT
ajfa-11537	93	1	the	the	DET
ajfa-11537	93	2	final	final	ADJ
ajfa-11537	93	3	sample	sample	NOUN
ajfa-11537	93	4	of	of	ADP
ajfa-11537	93	5	this	this	DET
ajfa-11537	93	6	study	study	NOUN
ajfa-11537	93	7	consists	consist	VERB
ajfa-11537	93	8	of	of	ADP
ajfa-11537	93	9	419	419	NUM
ajfa-11537	93	10	ipos	ipos	NOUN
ajfa-11537	93	11	,	,	PUNCT
ajfa-11537	93	12	which	which	PRON
ajfa-11537	93	13	is	be	AUX
ajfa-11537	93	14	77.59	77.59	NUM
ajfa-11537	93	15	per	per	ADP
ajfa-11537	93	16	cent	cent	NOUN
ajfa-11537	93	17	of	of	ADP
ajfa-11537	93	18	the	the	DET
ajfa-11537	93	19	total	total	ADJ
ajfa-11537	93	20	population	population	NOUN
ajfa-11537	93	21	.	.	PUNCT
ajfa-11537	94	1	this	this	DET
ajfa-11537	94	2	study	study	NOUN
ajfa-11537	94	3	starts	start	VERB
ajfa-11537	94	4	the	the	DET
ajfa-11537	94	5	sample	sample	NOUN
ajfa-11537	94	6	period	period	NOUN
ajfa-11537	94	7	in	in	ADP
ajfa-11537	94	8	2000	2000	NUM
ajfa-11537	94	9	to	to	PART
ajfa-11537	94	10	reduce	reduce	VERB
ajfa-11537	94	11	the	the	DET
ajfa-11537	94	12	noise	noise	NOUN
ajfa-11537	94	13	from	from	ADP
ajfa-11537	94	14	the	the	DET
ajfa-11537	94	15	1997/98	1997/98	ADJ
ajfa-11537	94	16	asian	asian	ADJ
ajfa-11537	94	17	financial	financial	ADJ
ajfa-11537	94	18	crisis	crisis	NOUN
ajfa-11537	94	19	on	on	ADP
ajfa-11537	94	20	the	the	DET
ajfa-11537	94	21	analysis	analysis	NOUN
ajfa-11537	94	22	.	.	PUNCT
ajfa-11537	95	1	the	the	DET
ajfa-11537	95	2	sample	sample	NOUN
ajfa-11537	95	3	period	period	NOUN
ajfa-11537	95	4	ends	end	VERB
ajfa-11537	95	5	in	in	ADP
ajfa-11537	95	6	2015	2015	NUM
ajfa-11537	95	7	as	as	SCONJ
ajfa-11537	95	8	that	that	PRON
ajfa-11537	95	9	is	be	AUX
ajfa-11537	95	10	the	the	DET
ajfa-11537	95	11	latest	late	ADJ
ajfa-11537	95	12	coverage	coverage	NOUN
ajfa-11537	95	13	year	year	NOUN
ajfa-11537	95	14	the	the	DET
ajfa-11537	95	15	analysis	analysis	NOUN
ajfa-11537	95	16	could	could	AUX
ajfa-11537	95	17	achieve	achieve	VERB
ajfa-11537	95	18	as	as	ADP
ajfa-11537	95	19	some	some	DET
ajfa-11537	95	20	information	information	NOUN
ajfa-11537	95	21	(	(	PUNCT
ajfa-11537	95	22	e.g.	e.g.	ADV
ajfa-11537	95	23	,	,	PUNCT
ajfa-11537	95	24	proportion	proportion	NOUN
ajfa-11537	95	25	of	of	ADP
ajfa-11537	95	26	lock	lock	NOUN
ajfa-11537	95	27	-	-	PUNCT
ajfa-11537	95	28	up	up	ADP
ajfa-11537	95	29	shares	share	NOUN
ajfa-11537	95	30	)	)	PUNCT
ajfa-11537	95	31	need	need	VERB
ajfa-11537	95	32	to	to	PART
ajfa-11537	95	33	be	be	AUX
ajfa-11537	95	34	validated	validate	VERB
ajfa-11537	95	35	with	with	ADP
ajfa-11537	95	36	information	information	NOUN
ajfa-11537	95	37	provided	provide	VERB
ajfa-11537	95	38	by	by	ADP
ajfa-11537	95	39	ipo	ipo	PROPN
ajfa-11537	95	40	issuer	issuer	NOUN
ajfa-11537	95	41	in	in	ADP
ajfa-11537	95	42	its	its	PRON
ajfa-11537	95	43	first	first	ADJ
ajfa-11537	95	44	annual	annual	ADJ
ajfa-11537	95	45	report	report	NOUN
ajfa-11537	95	46	a	a	DET
ajfa-11537	95	47	year	year	NOUN
ajfa-11537	95	48	after	after	ADP
ajfa-11537	95	49	the	the	DET
ajfa-11537	95	50	listing	listing	NOUN
ajfa-11537	95	51	.	.	PUNCT
ajfa-11537	96	1	all	all	DET
ajfa-11537	96	2	rare	rare	ADJ
ajfa-11537	96	3	type	type	NOUN
ajfa-11537	96	4	ipos	ipos	NOUN
ajfa-11537	96	5	(	(	PUNCT
ajfa-11537	96	6	i.e.	i.e.	X
ajfa-11537	96	7	,	,	PUNCT
ajfa-11537	96	8	restricted	restrict	VERB
ajfa-11537	96	9	offer	offer	NOUN
ajfa-11537	96	10	for	for	ADP
ajfa-11537	96	11	sale	sale	NOUN
ajfa-11537	96	12	,	,	PUNCT
ajfa-11537	96	13	restricted	restrict	VERB
ajfa-11537	96	14	public	public	ADJ
ajfa-11537	96	15	issue	issue	NOUN
ajfa-11537	96	16	,	,	PUNCT
ajfa-11537	96	17	restricted	restrict	VERB
ajfa-11537	96	18	for	for	ADP
ajfa-11537	96	19	sale	sale	NOUN
ajfa-11537	96	20	to	to	ADP
ajfa-11537	96	21	eligible	eligible	ADJ
ajfa-11537	96	22	employees	employee	NOUN
ajfa-11537	96	23	,	,	PUNCT
ajfa-11537	96	24	special	special	ADJ
ajfa-11537	96	25	and	and	CCONJ
ajfa-11537	96	26	restricted	restricted	ADJ
ajfa-11537	96	27	issue	issue	NOUN
ajfa-11537	96	28	to	to	ADP
ajfa-11537	96	29	bumiputra	bumiputra	PROPN
ajfa-11537	96	30	investors	investor	NOUN
ajfa-11537	96	31	,	,	PUNCT
ajfa-11537	96	32	tender	tender	NOUN
ajfa-11537	96	33	offer	offer	NOUN
ajfa-11537	96	34	and	and	CCONJ
ajfa-11537	96	35	special	special	ADJ
ajfa-11537	96	36	issue	issue	NOUN
ajfa-11537	96	37	)	)	PUNCT
ajfa-11537	96	38	and	and	CCONJ
ajfa-11537	96	39	ipos	ipos	NOUN
ajfa-11537	96	40	with	with	ADP
ajfa-11537	96	41	missing	miss	VERB
ajfa-11537	96	42	value	value	NOUN
ajfa-11537	96	43	were	be	AUX
ajfa-11537	96	44	omitted	omit	VERB
ajfa-11537	96	45	.	.	PUNCT
ajfa-11537	97	1	similarly	similarly	ADV
ajfa-11537	97	2	,	,	PUNCT
ajfa-11537	97	3	ipos	ipos	PROPN
ajfa-11537	97	4	issued	issue	VERB
ajfa-11537	97	5	by	by	ADP
ajfa-11537	97	6	financial	financial	ADJ
ajfa-11537	97	7	and	and	CCONJ
ajfa-11537	97	8	insurance	insurance	NOUN
ajfa-11537	97	9	firms	firm	NOUN
ajfa-11537	97	10	due	due	ADP
ajfa-11537	97	11	to	to	ADP
ajfa-11537	97	12	differences	difference	NOUN
ajfa-11537	97	13	in	in	ADP
ajfa-11537	97	14	the	the	DET
ajfa-11537	97	15	regulatory	regulatory	ADJ
ajfa-11537	97	16	structure	structure	NOUN
ajfa-11537	97	17	of	of	ADP
ajfa-11537	97	18	the	the	DET
ajfa-11537	97	19	industry	industry	NOUN
ajfa-11537	97	20	(	(	PUNCT
ajfa-11537	97	21	schaub	schaub	PROPN
ajfa-11537	97	22	et	et	PROPN
ajfa-11537	97	23	al	al	PROPN
ajfa-11537	97	24	.	.	PROPN
ajfa-11537	97	25	,	,	PUNCT
ajfa-11537	97	26	2003	2003	NUM
ajfa-11537	97	27	)	)	PUNCT
ajfa-11537	97	28	.	.	PUNCT
ajfa-11537	98	1	data	datum	NOUN
ajfa-11537	98	2	for	for	ADP
ajfa-11537	98	3	this	this	DET
ajfa-11537	98	4	study	study	NOUN
ajfa-11537	98	5	were	be	AUX
ajfa-11537	98	6	sourced	source	VERB
ajfa-11537	98	7	from	from	ADP
ajfa-11537	98	8	prospectuses	prospectus	NOUN
ajfa-11537	98	9	of	of	ADP
ajfa-11537	98	10	the	the	DET
ajfa-11537	98	11	ipo	ipo	PROPN
ajfa-11537	98	12	issuers	issuer	NOUN
ajfa-11537	98	13	,	,	PUNCT
ajfa-11537	98	14	the	the	DET
ajfa-11537	98	15	website	website	NOUN
ajfa-11537	98	16	of	of	ADP
ajfa-11537	98	17	bursa	bursa	PROPN
ajfa-11537	98	18	malaysia	malaysia	PROPN
ajfa-11537	98	19	and	and	CCONJ
ajfa-11537	98	20	the	the	DET
ajfa-11537	98	21	database	database	NOUN
ajfa-11537	98	22	of	of	ADP
ajfa-11537	98	23	datastream	datastream	NOUN
ajfa-11537	98	24	.	.	PUNCT
ajfa-11537	99	1	variables	variable	NOUN
ajfa-11537	99	2	definition	definition	NOUN
ajfa-11537	99	3	and	and	CCONJ
ajfa-11537	99	4	analytical	analytical	ADJ
ajfa-11537	99	5	methods	method	NOUN
ajfa-11537	99	6	initial	initial	ADJ
ajfa-11537	99	7	return	return	VERB
ajfa-11537	99	8	the	the	DET
ajfa-11537	99	9	independent	independent	ADJ
ajfa-11537	99	10	variable	variable	NOUN
ajfa-11537	99	11	of	of	ADP
ajfa-11537	99	12	this	this	DET
ajfa-11537	99	13	study	study	NOUN
ajfa-11537	99	14	,	,	PUNCT
ajfa-11537	99	15	initial	initial	ADJ
ajfa-11537	99	16	return	return	NOUN
ajfa-11537	99	17	(	(	PUNCT
ajfa-11537	99	18	return	return	NOUN
ajfa-11537	99	19	)	)	PUNCT
ajfa-11537	99	20	,	,	PUNCT
ajfa-11537	99	21	is	be	AUX
ajfa-11537	99	22	measured	measure	VERB
ajfa-11537	99	23	as	as	ADP
ajfa-11537	99	24	the	the	DET
ajfa-11537	99	25	percentage	percentage	NOUN
ajfa-11537	99	26	change	change	NOUN
ajfa-11537	99	27	in	in	ADP
ajfa-11537	99	28	price	price	NOUN
ajfa-11537	99	29	,	,	PUNCT
ajfa-11537	99	30	between	between	ADP
ajfa-11537	99	31	the	the	DET
ajfa-11537	99	32	closing	closing	NOUN
ajfa-11537	99	33	price	price	NOUN
ajfa-11537	99	34	on	on	ADP
ajfa-11537	99	35	the	the	DET
ajfa-11537	99	36	first	first	ADJ
ajfa-11537	99	37	day	day	NOUN
ajfa-11537	99	38	of	of	ADP
ajfa-11537	99	39	trading	trading	NOUN
ajfa-11537	99	40	and	and	CCONJ
ajfa-11537	99	41	the	the	DET
ajfa-11537	99	42	offer	offer	NOUN
ajfa-11537	99	43	price	price	NOUN
ajfa-11537	99	44	.	.	PUNCT
ajfa-11537	100	1	to	to	PART
ajfa-11537	100	2	reduce	reduce	VERB
ajfa-11537	100	3	market	market	NOUN
ajfa-11537	100	4	interference	interference	NOUN
ajfa-11537	100	5	and	and	CCONJ
ajfa-11537	100	6	noise	noise	NOUN
ajfa-11537	100	7	on	on	ADP
ajfa-11537	100	8	the	the	DET
ajfa-11537	100	9	return	return	NOUN
ajfa-11537	100	10	of	of	ADP
ajfa-11537	100	11	a	a	DET
ajfa-11537	100	12	stock	stock	NOUN
ajfa-11537	100	13	,	,	PUNCT
ajfa-11537	100	14	this	this	DET
ajfa-11537	100	15	study	study	NOUN
ajfa-11537	100	16	re	re	NOUN
ajfa-11537	100	17	-	-	NOUN
ajfa-11537	100	18	measure	measure	ADJ
ajfa-11537	100	19	initial	initial	ADJ
ajfa-11537	100	20	return	return	NOUN
ajfa-11537	100	21	using	use	VERB
ajfa-11537	100	22	the	the	DET
ajfa-11537	100	23	percentage	percentage	NOUN
ajfa-11537	100	24	change	change	NOUN
ajfa-11537	100	25	in	in	ADP
ajfa-11537	100	26	opening	opening	NOUN
ajfa-11537	100	27	price	price	NOUN
ajfa-11537	100	28	on	on	ADP
ajfa-11537	100	29	the	the	DET
ajfa-11537	100	30	first	first	ADJ
ajfa-11537	100	31	day	day	NOUN
ajfa-11537	100	32	of	of	ADP
ajfa-11537	100	33	trading	trading	NOUN
ajfa-11537	100	34	and	and	CCONJ
ajfa-11537	100	35	the	the	DET
ajfa-11537	100	36	offer	offer	NOUN
ajfa-11537	100	37	price	price	NOUN
ajfa-11537	100	38	(	(	PUNCT
ajfa-11537	100	39	mohd	mohd	PROPN
ajfa-11537	100	40	rashid	rashid	PROPN
ajfa-11537	100	41	et	et	PROPN
ajfa-11537	100	42	al	al	PROPN
ajfa-11537	100	43	.	.	PROPN
ajfa-11537	100	44	,	,	PUNCT
ajfa-11537	100	45	2014	2014	NUM
ajfa-11537	100	46	;	;	PUNCT
ajfa-11537	100	47	2016	2016	NUM
ajfa-11537	100	48	;	;	PUNCT
ajfa-11537	100	49	yong	yong	PROPN
ajfa-11537	100	50	,	,	PUNCT
ajfa-11537	100	51	2010	2010	NUM
ajfa-11537	100	52	)	)	PUNCT
ajfa-11537	100	53	.	.	PUNCT
ajfa-11537	101	1	as	as	SCONJ
ajfa-11537	101	2	suggested	suggest	VERB
ajfa-11537	101	3	in	in	ADP
ajfa-11537	101	4	yong	yong	PROPN
ajfa-11537	101	5	(	(	PUNCT
ajfa-11537	101	6	2010	2010	NUM
ajfa-11537	101	7	)	)	PUNCT
ajfa-11537	101	8	.	.	PUNCT
ajfa-11537	102	1	the	the	DET
ajfa-11537	102	2	opening	opening	NOUN
ajfa-11537	102	3	price	price	NOUN
ajfa-11537	102	4	is	be	AUX
ajfa-11537	102	5	more	more	ADV
ajfa-11537	102	6	able	able	ADJ
ajfa-11537	102	7	to	to	PART
ajfa-11537	102	8	capture	capture	VERB
ajfa-11537	102	9	the	the	DET
ajfa-11537	102	10	first	first	ADJ
ajfa-11537	102	11	reaction	reaction	NOUN
ajfa-11537	102	12	of	of	ADP
ajfa-11537	102	13	investors	investor	NOUN
ajfa-11537	102	14	upon	upon	SCONJ
ajfa-11537	102	15	the	the	DET
ajfa-11537	102	16	listing	listing	NOUN
ajfa-11537	102	17	of	of	ADP
ajfa-11537	102	18	an	an	DET
ajfa-11537	102	19	ipo	ipo	NOUN
ajfa-11537	102	20	.	.	PUNCT
ajfa-11537	103	1	the	the	DET
ajfa-11537	103	2	measure	measure	NOUN
ajfa-11537	103	3	is	be	AUX
ajfa-11537	103	4	shown	show	VERB
ajfa-11537	103	5	as	as	SCONJ
ajfa-11537	103	6	follows	follow	VERB
ajfa-11537	103	7	:	:	PUNCT
ajfa-11537	103	8	100x	100x	NUM
ajfa-11537	103	9	p	p	NOUN
ajfa-11537	103	10	ppreturn	ppreturn	NOUN
ajfa-11537	103	11	i	i	PRON
ajfa-11537	103	12	ii	ii	NOUN
ajfa-11537	103	13	offer	offer	VERB
ajfa-11537	103	14	offeropen	offeropen	ADJ
ajfa-11537	103	15	iopen	iopen	NOUN
ajfa-11537	103	16			PROPN
ajfa-11537	103	17			NOUN
ajfa-11537	103	18			PROPN
ajfa-11537	103	19			PROPN
ajfa-11537	103	20			PROPN
ajfa-11537	104	1	=	=	NUM
ajfa-11537	104	2	−	−	PROPN
ajfa-11537	104	3	(	(	PUNCT
ajfa-11537	104	4	1a	1a	NOUN
ajfa-11537	104	5	)	)	PUNCT
ajfa-11537	104	6	100x	100x	NUM
ajfa-11537	104	7	p	p	NOUN
ajfa-11537	104	8	ppreturn	ppreturn	NOUN
ajfa-11537	104	9	i	i	PROPN
ajfa-11537	104	10	ii	ii	NOUN
ajfa-11537	104	11	offer	offer	VERB
ajfa-11537	104	12	offerclo	offerclo	VERB
ajfa-11537	104	13	iclose	iclose	ADP
ajfa-11537	104	14			PROPN
ajfa-11537	104	15			NOUN
ajfa-11537	104	16			PROPN
ajfa-11537	104	17			PROPN
ajfa-11537	104	18			PROPN
ajfa-11537	105	1	=	=	NUM
ajfa-11537	105	2	−	−	PROPN
ajfa-11537	105	3	(	(	PUNCT
ajfa-11537	105	4	1b	1b	NUM
ajfa-11537	105	5	)	)	PUNCT
ajfa-11537	105	6	asian	asian	ADJ
ajfa-11537	105	7	journal	journal	NOUN
ajfa-11537	105	8	of	of	ADP
ajfa-11537	105	9	finance	finance	PROPN
ajfa-11537	105	10	&	&	CCONJ
ajfa-11537	105	11	accounting	accounting	PROPN
ajfa-11537	105	12	issn	issn	PROPN
ajfa-11537	105	13	1946	1946	NUM
ajfa-11537	105	14	-	-	PUNCT
ajfa-11537	105	15	052x	052x	PROPN
ajfa-11537	105	16	2017	2017	NUM
ajfa-11537	105	17	,	,	PUNCT
ajfa-11537	105	18	vol	vol	NOUN
ajfa-11537	105	19	.	.	NOUN
ajfa-11537	105	20	9	9	NUM
ajfa-11537	105	21	,	,	PUNCT
ajfa-11537	105	22	no	no	NOUN
ajfa-11537	105	23	.	.	NOUN
ajfa-11537	105	24	2	2	NUM
ajfa-11537	105	25	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	105	26	260	260	NUM
ajfa-11537	105	27	where	where	SCONJ
ajfa-11537	105	28	,	,	PUNCT
ajfa-11537	105	29	popeni	popeni	NOUN
ajfa-11537	105	30	=	=	SYM
ajfa-11537	105	31	opening	opening	NOUN
ajfa-11537	105	32	price	price	NOUN
ajfa-11537	105	33	on	on	ADP
ajfa-11537	105	34	the	the	DET
ajfa-11537	105	35	first	first	ADJ
ajfa-11537	105	36	trading	trading	NOUN
ajfa-11537	105	37	day	day	NOUN
ajfa-11537	105	38	for	for	ADP
ajfa-11537	105	39	the	the	DET
ajfa-11537	105	40	ith	ith	PROPN
ajfa-11537	105	41	issuer	issuer	NOUN
ajfa-11537	105	42	,	,	PUNCT
ajfa-11537	105	43	pcloi	pcloi	NOUN
ajfa-11537	105	44	=	=	PUNCT
ajfa-11537	105	45	closing	close	VERB
ajfa-11537	105	46	price	price	NOUN
ajfa-11537	105	47	on	on	ADP
ajfa-11537	105	48	the	the	DET
ajfa-11537	105	49	first	first	ADJ
ajfa-11537	105	50	trading	trading	NOUN
ajfa-11537	105	51	day	day	NOUN
ajfa-11537	105	52	for	for	ADP
ajfa-11537	105	53	the	the	DET
ajfa-11537	105	54	ith	ith	PROPN
ajfa-11537	105	55	issuer	issuer	NOUN
ajfa-11537	105	56	,	,	PUNCT
ajfa-11537	105	57	and	and	CCONJ
ajfa-11537	105	58	pofferi	pofferi	NOUN
ajfa-11537	105	59	=	=	SYM
ajfa-11537	105	60	offer	offer	NOUN
ajfa-11537	105	61	price	price	NOUN
ajfa-11537	105	62	for	for	ADP
ajfa-11537	105	63	the	the	DET
ajfa-11537	105	64	ith	ith	PROPN
ajfa-11537	105	65	issuer	issuer	NOUN
ajfa-11537	105	66	.	.	PUNCT
ajfa-11537	106	1	offer	offer	VERB
ajfa-11537	106	2	for	for	ADP
ajfa-11537	106	3	sale	sale	NOUN
ajfa-11537	106	4	the	the	DET
ajfa-11537	106	5	main	main	ADJ
ajfa-11537	106	6	independent	independent	ADJ
ajfa-11537	106	7	variable	variable	NOUN
ajfa-11537	106	8	of	of	ADP
ajfa-11537	106	9	this	this	DET
ajfa-11537	106	10	study	study	NOUN
ajfa-11537	106	11	,	,	PUNCT
ajfa-11537	106	12	offer	offer	VERB
ajfa-11537	106	13	for	for	ADP
ajfa-11537	106	14	sale	sale	NOUN
ajfa-11537	106	15	(	(	PUNCT
ajfa-11537	106	16	ofsale	ofsale	NOUN
ajfa-11537	106	17	)	)	PUNCT
ajfa-11537	106	18	,	,	PUNCT
ajfa-11537	106	19	is	be	AUX
ajfa-11537	106	20	defined	define	VERB
ajfa-11537	106	21	as	as	ADP
ajfa-11537	106	22	the	the	DET
ajfa-11537	106	23	selling	selling	NOUN
ajfa-11537	106	24	down	down	ADP
ajfa-11537	106	25	one	one	NUM
ajfa-11537	106	26	or	or	CCONJ
ajfa-11537	106	27	more	more	ADJ
ajfa-11537	106	28	shareholdings	shareholding	NOUN
ajfa-11537	106	29	of	of	ADP
ajfa-11537	106	30	a	a	DET
ajfa-11537	106	31	firm	firm	NOUN
ajfa-11537	106	32	by	by	ADP
ajfa-11537	106	33	existing	exist	VERB
ajfa-11537	106	34	shareholders	shareholder	NOUN
ajfa-11537	106	35	during	during	ADP
ajfa-11537	106	36	ipo	ipo	PROPN
ajfa-11537	106	37	(	(	PUNCT
ajfa-11537	106	38	espinasse	espinasse	ADJ
ajfa-11537	106	39	,	,	PUNCT
ajfa-11537	106	40	2011	2011	NUM
ajfa-11537	106	41	)	)	PUNCT
ajfa-11537	106	42	and	and	CCONJ
ajfa-11537	106	43	is	be	AUX
ajfa-11537	106	44	measured	measure	VERB
ajfa-11537	106	45	by	by	ADP
ajfa-11537	106	46	the	the	DET
ajfa-11537	106	47	ratio	ratio	NOUN
ajfa-11537	106	48	of	of	ADP
ajfa-11537	106	49	total	total	ADJ
ajfa-11537	106	50	number	number	NOUN
ajfa-11537	106	51	of	of	ADP
ajfa-11537	106	52	shares	share	NOUN
ajfa-11537	106	53	offered	offer	VERB
ajfa-11537	106	54	or	or	CCONJ
ajfa-11537	106	55	sold	sell	VERB
ajfa-11537	106	56	by	by	ADP
ajfa-11537	106	57	existing	exist	VERB
ajfa-11537	106	58	shareholders	shareholder	NOUN
ajfa-11537	106	59	to	to	PART
ajfa-11537	106	60	total	total	ADJ
ajfa-11537	106	61	shares	share	NOUN
ajfa-11537	106	62	offered	offer	VERB
ajfa-11537	106	63	in	in	ADP
ajfa-11537	106	64	an	an	DET
ajfa-11537	106	65	ipo	ipo	NOUN
ajfa-11537	106	66	(	(	PUNCT
ajfa-11537	106	67	bildic	bildic	PROPN
ajfa-11537	106	68	&	&	CCONJ
ajfa-11537	106	69	yilmaz	yilmaz	PROPN
ajfa-11537	106	70	,	,	PUNCT
ajfa-11537	106	71	2008	2008	NUM
ajfa-11537	106	72	)	)	PUNCT
ajfa-11537	106	73	.	.	PUNCT
ajfa-11537	107	1	the	the	DET
ajfa-11537	107	2	measure	measure	NOUN
ajfa-11537	107	3	is	be	AUX
ajfa-11537	107	4	shown	show	VERB
ajfa-11537	107	5	as	as	SCONJ
ajfa-11537	107	6	follows	follow	VERB
ajfa-11537	107	7	:	:	PUNCT
ajfa-11537	108	1	iii	iii	NUM
ajfa-11537	108	2	noshinofsaofsale	noshinofsaofsale	ADJ
ajfa-11537	108	3	/=	/=	PROPN
ajfa-11537	108	4	(	(	PUNCT
ajfa-11537	108	5	2	2	NUM
ajfa-11537	108	6	)	)	PUNCT
ajfa-11537	108	7	where	where	SCONJ
ajfa-11537	108	8	,	,	PUNCT
ajfa-11537	108	9	nofsai	nofsai	NOUN
ajfa-11537	108	10	=	=	NOUN
ajfa-11537	108	11	offer	offer	NOUN
ajfa-11537	108	12	for	for	ADP
ajfa-11537	108	13	sale	sale	NOUN
ajfa-11537	108	14	of	of	ADP
ajfa-11537	108	15	the	the	DET
ajfa-11537	108	16	ith	ith	PROPN
ajfa-11537	108	17	issuer	issuer	NOUN
ajfa-11537	108	18	,	,	PUNCT
ajfa-11537	108	19	and	and	CCONJ
ajfa-11537	108	20	noshii	noshii	ADJ
ajfa-11537	108	21	=	=	SYM
ajfa-11537	108	22	total	total	ADJ
ajfa-11537	108	23	number	number	NOUN
ajfa-11537	108	24	of	of	ADP
ajfa-11537	108	25	shares	share	NOUN
ajfa-11537	108	26	offered	offer	VERB
ajfa-11537	108	27	for	for	ADP
ajfa-11537	108	28	the	the	DET
ajfa-11537	108	29	ith	ith	PROPN
ajfa-11537	108	30	issuer	issuer	NOUN
ajfa-11537	108	31	.	.	PUNCT
ajfa-11537	109	1	control	control	NOUN
ajfa-11537	109	2	variables	variable	VERB
ajfa-11537	109	3	the	the	DET
ajfa-11537	109	4	control	control	NOUN
ajfa-11537	109	5	variables	variable	NOUN
ajfa-11537	109	6	of	of	ADP
ajfa-11537	109	7	this	this	DET
ajfa-11537	109	8	study	study	NOUN
ajfa-11537	109	9	comprises	comprise	NOUN
ajfa-11537	109	10	of	of	ADP
ajfa-11537	109	11	demand	demand	NOUN
ajfa-11537	109	12	of	of	ADP
ajfa-11537	109	13	ipo	ipo	PROPN
ajfa-11537	109	14	(	(	PUNCT
ajfa-11537	109	15	demand	demand	NOUN
ajfa-11537	109	16	)	)	PUNCT
ajfa-11537	109	17	which	which	PRON
ajfa-11537	109	18	is	be	AUX
ajfa-11537	109	19	measured	measure	VERB
ajfa-11537	109	20	by	by	ADP
ajfa-11537	109	21	subscription	subscription	NOUN
ajfa-11537	109	22	ratio	ratio	NOUN
ajfa-11537	109	23	.	.	PUNCT
ajfa-11537	110	1	the	the	DET
ajfa-11537	110	2	initial	initial	ADJ
ajfa-11537	110	3	return	return	NOUN
ajfa-11537	110	4	is	be	AUX
ajfa-11537	110	5	expected	expect	VERB
ajfa-11537	110	6	to	to	PART
ajfa-11537	110	7	be	be	AUX
ajfa-11537	110	8	significantly	significantly	ADV
ajfa-11537	110	9	positively	positively	ADV
ajfa-11537	110	10	related	relate	VERB
ajfa-11537	110	11	to	to	PART
ajfa-11537	110	12	return	return	VERB
ajfa-11537	110	13	because	because	SCONJ
ajfa-11537	110	14	investors	investor	NOUN
ajfa-11537	110	15	perceive	perceive	VERB
ajfa-11537	110	16	that	that	SCONJ
ajfa-11537	110	17	the	the	DET
ajfa-11537	110	18	highly	highly	ADV
ajfa-11537	110	19	demanded	demand	VERB
ajfa-11537	110	20	ipos	ipos	NOUN
ajfa-11537	110	21	indicate	indicate	VERB
ajfa-11537	110	22	the	the	DET
ajfa-11537	110	23	value	value	NOUN
ajfa-11537	110	24	of	of	ADP
ajfa-11537	110	25	the	the	DET
ajfa-11537	110	26	shares	share	NOUN
ajfa-11537	110	27	at	at	ADP
ajfa-11537	110	28	the	the	DET
ajfa-11537	110	29	early	early	ADJ
ajfa-11537	110	30	listing	listing	NOUN
ajfa-11537	110	31	days	day	NOUN
ajfa-11537	110	32	as	as	ADV
ajfa-11537	110	33	well	well	ADV
ajfa-11537	110	34	as	as	ADP
ajfa-11537	110	35	the	the	DET
ajfa-11537	110	36	quality	quality	NOUN
ajfa-11537	110	37	of	of	ADP
ajfa-11537	110	38	the	the	DET
ajfa-11537	110	39	issuing	issue	VERB
ajfa-11537	110	40	firms	firm	NOUN
ajfa-11537	110	41	(	(	PUNCT
ajfa-11537	110	42	abdul	abdul	PROPN
ajfa-11537	110	43	rahim	rahim	PROPN
ajfa-11537	110	44	et	et	PROPN
ajfa-11537	110	45	al	al	PROPN
ajfa-11537	110	46	.	.	PROPN
ajfa-11537	110	47	,	,	PUNCT
ajfa-11537	110	48	2013	2013	NUM
ajfa-11537	110	49	;	;	PUNCT
ajfa-11537	110	50	islam	islam	PROPN
ajfa-11537	110	51	&	&	CCONJ
ajfa-11537	110	52	munira	munira	PROPN
ajfa-11537	110	53	2004	2004	NUM
ajfa-11537	110	54	)	)	PUNCT
ajfa-11537	110	55	.	.	PUNCT
ajfa-11537	111	1	accordingly	accordingly	ADV
ajfa-11537	111	2	,	,	PUNCT
ajfa-11537	111	3	investors	investor	NOUN
ajfa-11537	111	4	are	be	AUX
ajfa-11537	111	5	more	more	ADV
ajfa-11537	111	6	likely	likely	ADV
ajfa-11537	111	7	join	join	VERB
ajfa-11537	111	8	the	the	DET
ajfa-11537	111	9	pool	pool	NOUN
ajfa-11537	111	10	to	to	PART
ajfa-11537	111	11	subscribe	subscribe	VERB
ajfa-11537	111	12	for	for	ADP
ajfa-11537	111	13	the	the	DET
ajfa-11537	111	14	shares	share	NOUN
ajfa-11537	111	15	.	.	PUNCT
ajfa-11537	112	1	the	the	DET
ajfa-11537	112	2	demand	demand	NOUN
ajfa-11537	112	3	-	-	PUNCT
ajfa-11537	112	4	supply	supply	NOUN
ajfa-11537	112	5	theory	theory	NOUN
ajfa-11537	112	6	would	would	AUX
ajfa-11537	112	7	suggest	suggest	VERB
ajfa-11537	112	8	that	that	SCONJ
ajfa-11537	112	9	the	the	DET
ajfa-11537	112	10	higher	high	ADJ
ajfa-11537	112	11	demand	demand	NOUN
ajfa-11537	112	12	will	will	AUX
ajfa-11537	112	13	result	result	VERB
ajfa-11537	112	14	in	in	ADP
ajfa-11537	112	15	higher	high	ADJ
ajfa-11537	112	16	ipo	ipo	NOUN
ajfa-11537	112	17	price	price	NOUN
ajfa-11537	112	18	.	.	PUNCT
ajfa-11537	113	1	next	next	ADJ
ajfa-11537	113	2	,	,	PUNCT
ajfa-11537	113	3	supply	supply	NOUN
ajfa-11537	113	4	of	of	ADP
ajfa-11537	113	5	ipo	ipo	PROPN
ajfa-11537	113	6	(	(	PUNCT
ajfa-11537	113	7	supply	supply	NOUN
ajfa-11537	113	8	)	)	PUNCT
ajfa-11537	113	9	is	be	AUX
ajfa-11537	113	10	measured	measure	VERB
ajfa-11537	113	11	as	as	ADP
ajfa-11537	113	12	the	the	DET
ajfa-11537	113	13	natural	natural	ADJ
ajfa-11537	113	14	log	log	NOUN
ajfa-11537	113	15	of	of	ADP
ajfa-11537	113	16	the	the	DET
ajfa-11537	113	17	total	total	ADJ
ajfa-11537	113	18	number	number	NOUN
ajfa-11537	113	19	of	of	ADP
ajfa-11537	113	20	shares	share	NOUN
ajfa-11537	113	21	offered	offer	VERB
ajfa-11537	113	22	for	for	ADP
ajfa-11537	113	23	an	an	DET
ajfa-11537	113	24	ipo	ipo	NOUN
ajfa-11537	113	25	multiplied	multiply	VERB
ajfa-11537	113	26	by	by	ADP
ajfa-11537	113	27	its	its	PRON
ajfa-11537	113	28	offer	offer	NOUN
ajfa-11537	113	29	price	price	NOUN
ajfa-11537	113	30	(	(	PUNCT
ajfa-11537	113	31	ln	ln	ADJ
ajfa-11537	113	32	(	(	PUNCT
ajfa-11537	113	33	noshi	noshi	NOUN
ajfa-11537	113	34	x	x	SYM
ajfa-11537	113	35	pofferi	pofferi	NOUN
ajfa-11537	113	36	)	)	PUNCT
ajfa-11537	113	37	)	)	PUNCT
ajfa-11537	113	38	(	(	PUNCT
ajfa-11537	113	39	bayley	bayley	PROPN
ajfa-11537	113	40	,	,	PUNCT
ajfa-11537	113	41	lee	lee	PROPN
ajfa-11537	113	42	,	,	PUNCT
ajfa-11537	113	43	&	&	CCONJ
ajfa-11537	113	44	walter	walter	PROPN
ajfa-11537	113	45	,	,	PUNCT
ajfa-11537	113	46	2006	2006	NUM
ajfa-11537	113	47	;	;	PUNCT
ajfa-11537	113	48	chong	chong	PROPN
ajfa-11537	113	49	,	,	PUNCT
ajfa-11537	113	50	ali	ali	PROPN
ajfa-11537	113	51	,	,	PUNCT
ajfa-11537	113	52	&	&	CCONJ
ajfa-11537	113	53	ahmad	ahmad	PROPN
ajfa-11537	113	54	,	,	PUNCT
ajfa-11537	113	55	2009	2009	NUM
ajfa-11537	113	56	)	)	PUNCT
ajfa-11537	113	57	.	.	PUNCT
ajfa-11537	114	1	larger	large	ADJ
ajfa-11537	114	2	offer	offer	NOUN
ajfa-11537	114	3	size	size	NOUN
ajfa-11537	114	4	indicates	indicate	VERB
ajfa-11537	114	5	a	a	DET
ajfa-11537	114	6	larger	large	ADJ
ajfa-11537	114	7	supply	supply	NOUN
ajfa-11537	114	8	of	of	ADP
ajfa-11537	114	9	the	the	DET
ajfa-11537	114	10	ipo	ipo	NOUN
ajfa-11537	114	11	that	that	PRON
ajfa-11537	114	12	ceteris	ceteris	VERB
ajfa-11537	114	13	paribus	paribus	NOUN
ajfa-11537	114	14	,	,	PUNCT
ajfa-11537	114	15	more	more	ADJ
ajfa-11537	114	16	subscription	subscription	NOUN
ajfa-11537	114	17	applications	application	NOUN
ajfa-11537	114	18	will	will	AUX
ajfa-11537	114	19	be	be	AUX
ajfa-11537	114	20	fulfilled	fulfil	VERB
ajfa-11537	114	21	during	during	ADP
ajfa-11537	114	22	allotment	allotment	NOUN
ajfa-11537	114	23	stage	stage	NOUN
ajfa-11537	114	24	and	and	CCONJ
ajfa-11537	114	25	less	less	ADJ
ajfa-11537	114	26	will	will	AUX
ajfa-11537	114	27	be	be	AUX
ajfa-11537	114	28	demanded	demand	VERB
ajfa-11537	114	29	during	during	ADP
ajfa-11537	114	30	the	the	DET
ajfa-11537	114	31	first	first	ADJ
ajfa-11537	114	32	few	few	ADJ
ajfa-11537	114	33	trading	trading	NOUN
ajfa-11537	114	34	days	day	NOUN
ajfa-11537	114	35	(	(	PUNCT
ajfa-11537	114	36	sapian	sapian	PROPN
ajfa-11537	114	37	,	,	PUNCT
ajfa-11537	114	38	abdul	abdul	PROPN
ajfa-11537	114	39	rahim	rahim	PROPN
ajfa-11537	114	40	,	,	PUNCT
ajfa-11537	114	41	&	&	CCONJ
ajfa-11537	114	42	yong	yong	PROPN
ajfa-11537	114	43	,	,	PUNCT
ajfa-11537	114	44	2012	2012	NUM
ajfa-11537	114	45	)	)	PUNCT
ajfa-11537	114	46	.	.	PUNCT
ajfa-11537	115	1	this	this	DET
ajfa-11537	115	2	argument	argument	NOUN
ajfa-11537	115	3	leads	lead	VERB
ajfa-11537	115	4	to	to	ADP
ajfa-11537	115	5	the	the	DET
ajfa-11537	115	6	expectation	expectation	NOUN
ajfa-11537	115	7	that	that	SCONJ
ajfa-11537	115	8	larger	large	ADJ
ajfa-11537	115	9	issue	issue	NOUN
ajfa-11537	115	10	will	will	AUX
ajfa-11537	115	11	result	result	VERB
ajfa-11537	115	12	in	in	ADP
ajfa-11537	115	13	lower	low	ADJ
ajfa-11537	115	14	initial	initial	ADJ
ajfa-11537	115	15	return	return	NOUN
ajfa-11537	115	16	.	.	PUNCT
ajfa-11537	116	1	market	market	NOUN
ajfa-11537	116	2	condition	condition	NOUN
ajfa-11537	116	3	(	(	PUNCT
ajfa-11537	116	4	mkt	mkt	NOUN
ajfa-11537	116	5	)	)	PUNCT
ajfa-11537	116	6	signifies	signify	VERB
ajfa-11537	116	7	the	the	DET
ajfa-11537	116	8	overall	overall	ADJ
ajfa-11537	116	9	performance	performance	NOUN
ajfa-11537	116	10	of	of	ADP
ajfa-11537	116	11	the	the	DET
ajfa-11537	116	12	stock	stock	NOUN
ajfa-11537	116	13	market	market	NOUN
ajfa-11537	116	14	.	.	PUNCT
ajfa-11537	117	1	market	market	NOUN
ajfa-11537	117	2	condition	condition	NOUN
ajfa-11537	117	3	is	be	AUX
ajfa-11537	117	4	measured	measure	VERB
ajfa-11537	117	5	by	by	ADP
ajfa-11537	117	6	the	the	DET
ajfa-11537	117	7	average	average	ADJ
ajfa-11537	117	8	one	one	NUM
ajfa-11537	117	9	week	week	NOUN
ajfa-11537	117	10	returns	return	NOUN
ajfa-11537	117	11	of	of	ADP
ajfa-11537	117	12	ftse	ftse	PROPN
ajfa-11537	117	13	bursa	bursa	PROPN
ajfa-11537	117	14	malaysia	malaysia	PROPN
ajfa-11537	117	15	emas	emas	PROPN
ajfa-11537	117	16	index	index	PROPN
ajfa-11537	117	17	.	.	PUNCT
ajfa-11537	118	1	a	a	DET
ajfa-11537	118	2	positive	positive	ADJ
ajfa-11537	118	3	preaverage	preaverage	NOUN
ajfa-11537	118	4	market	market	NOUN
ajfa-11537	118	5	return	return	NOUN
ajfa-11537	118	6	suggests	suggest	VERB
ajfa-11537	118	7	that	that	SCONJ
ajfa-11537	118	8	the	the	DET
ajfa-11537	118	9	investors	investor	NOUN
ajfa-11537	118	10	are	be	AUX
ajfa-11537	118	11	optimistic	optimistic	ADJ
ajfa-11537	118	12	and	and	CCONJ
ajfa-11537	118	13	confident	confident	ADJ
ajfa-11537	118	14	about	about	ADP
ajfa-11537	118	15	the	the	DET
ajfa-11537	118	16	present	present	ADJ
ajfa-11537	118	17	market	market	NOUN
ajfa-11537	118	18	outlook	outlook	NOUN
ajfa-11537	118	19	which	which	PRON
ajfa-11537	118	20	in	in	ADP
ajfa-11537	118	21	turn	turn	NOUN
ajfa-11537	118	22	affects	affect	VERB
ajfa-11537	118	23	positively	positively	ADV
ajfa-11537	118	24	on	on	ADP
ajfa-11537	118	25	their	their	PRON
ajfa-11537	118	26	attitude	attitude	NOUN
ajfa-11537	118	27	toward	toward	ADP
ajfa-11537	118	28	initial	initial	ADJ
ajfa-11537	118	29	return	return	NOUN
ajfa-11537	118	30	of	of	ADP
ajfa-11537	118	31	the	the	DET
ajfa-11537	118	32	new	new	ADJ
ajfa-11537	118	33	issues	issue	NOUN
ajfa-11537	118	34	(	(	PUNCT
ajfa-11537	118	35	chong	chong	PROPN
ajfa-11537	118	36	et	et	PROPN
ajfa-11537	118	37	al	al	PROPN
ajfa-11537	118	38	.	.	PROPN
ajfa-11537	118	39	,	,	PUNCT
ajfa-11537	118	40	2009	2009	NUM
ajfa-11537	118	41	;	;	PUNCT
ajfa-11537	118	42	ritter	ritter	PROPN
ajfa-11537	118	43	&	&	CCONJ
ajfa-11537	118	44	welch	welch	PROPN
ajfa-11537	118	45	,	,	PUNCT
ajfa-11537	118	46	2002	2002	NUM
ajfa-11537	118	47	)	)	PUNCT
ajfa-11537	118	48	.	.	PUNCT
ajfa-11537	119	1	therefore	therefore	ADV
ajfa-11537	119	2	,	,	PUNCT
ajfa-11537	119	3	a	a	DET
ajfa-11537	119	4	asian	asian	ADJ
ajfa-11537	119	5	journal	journal	NOUN
ajfa-11537	119	6	of	of	ADP
ajfa-11537	119	7	finance	finance	PROPN
ajfa-11537	119	8	&	&	CCONJ
ajfa-11537	119	9	accounting	accounting	PROPN
ajfa-11537	119	10	issn	issn	PROPN
ajfa-11537	119	11	1946	1946	NUM
ajfa-11537	119	12	-	-	PUNCT
ajfa-11537	119	13	052x	052x	PROPN
ajfa-11537	119	14	2017	2017	NUM
ajfa-11537	119	15	,	,	PUNCT
ajfa-11537	119	16	vol	vol	NOUN
ajfa-11537	119	17	.	.	NOUN
ajfa-11537	119	18	9	9	NUM
ajfa-11537	119	19	,	,	PUNCT
ajfa-11537	119	20	no	no	NOUN
ajfa-11537	119	21	.	.	NOUN
ajfa-11537	119	22	2	2	NUM
ajfa-11537	119	23	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	119	24	261	261	NUM
ajfa-11537	119	25	positive	positive	ADJ
ajfa-11537	119	26	relationship	relationship	NOUN
ajfa-11537	119	27	between	between	ADP
ajfa-11537	119	28	mkt	mkt	PROPN
ajfa-11537	119	29	and	and	CCONJ
ajfa-11537	119	30	retutn	retutn	NOUN
ajfa-11537	119	31	is	be	AUX
ajfa-11537	119	32	expected	expect	VERB
ajfa-11537	119	33	.	.	PUNCT
ajfa-11537	120	1	next	next	ADJ
ajfa-11537	120	2	control	control	NOUN
ajfa-11537	120	3	variable	variable	NOUN
ajfa-11537	120	4	of	of	ADP
ajfa-11537	120	5	this	this	DET
ajfa-11537	120	6	study	study	NOUN
ajfa-11537	120	7	,	,	PUNCT
ajfa-11537	120	8	investors	investor	NOUN
ajfa-11537	120	9	’	’	PART
ajfa-11537	120	10	sentiment	sentiment	NOUN
ajfa-11537	120	11	reflected	reflect	VERB
ajfa-11537	120	12	by	by	ADP
ajfa-11537	120	13	heurestic	heurestic	ADJ
ajfa-11537	120	14	representative	representative	NOUN
ajfa-11537	120	15	,	,	PUNCT
ajfa-11537	120	16	is	be	AUX
ajfa-11537	120	17	measured	measure	VERB
ajfa-11537	120	18	by	by	ADP
ajfa-11537	120	19	the	the	DET
ajfa-11537	120	20	average	average	ADJ
ajfa-11537	120	21	returns	return	NOUN
ajfa-11537	120	22	on	on	ADP
ajfa-11537	120	23	the	the	DET
ajfa-11537	120	24	opening	opening	NOUN
ajfa-11537	120	25	trading	trading	NOUN
ajfa-11537	120	26	day	day	NOUN
ajfa-11537	120	27	of	of	ADP
ajfa-11537	120	28	the	the	DET
ajfa-11537	120	29	three	three	NUM
ajfa-11537	120	30	most	most	ADV
ajfa-11537	120	31	recent	recent	ADJ
ajfa-11537	120	32	new	new	ADJ
ajfa-11537	120	33	issues	issue	NOUN
ajfa-11537	120	34	listed	list	VERB
ajfa-11537	120	35	prior	prior	ADV
ajfa-11537	120	36	to	to	ADP
ajfa-11537	120	37	an	an	DET
ajfa-11537	120	38	ipo	ipo	NOUN
ajfa-11537	120	39	.	.	PUNCT
ajfa-11537	121	1	unlike	unlike	ADP
ajfa-11537	121	2	the	the	DET
ajfa-11537	121	3	overall	overall	ADJ
ajfa-11537	121	4	stock	stock	NOUN
ajfa-11537	121	5	market	market	NOUN
ajfa-11537	121	6	condition	condition	NOUN
ajfa-11537	121	7	(	(	PUNCT
ajfa-11537	121	8	mkt	mkt	PROPN
ajfa-11537	121	9	)	)	PUNCT
ajfa-11537	121	10	,	,	PUNCT
ajfa-11537	121	11	heuristic	heuristic	ADJ
ajfa-11537	121	12	representative	representative	NOUN
ajfa-11537	121	13	signifies	signify	VERB
ajfa-11537	121	14	the	the	DET
ajfa-11537	121	15	investor	investor	NOUN
ajfa-11537	121	16	sentiment	sentiment	NOUN
ajfa-11537	121	17	in	in	ADP
ajfa-11537	121	18	a	a	DET
ajfa-11537	121	19	smaller	small	ADJ
ajfa-11537	121	20	scope	scope	NOUN
ajfa-11537	121	21	i.e.	i.e.	X
ajfa-11537	121	22	,	,	PUNCT
ajfa-11537	121	23	how	how	SCONJ
ajfa-11537	121	24	investors	investor	NOUN
ajfa-11537	121	25	evaluate	evaluate	VERB
ajfa-11537	121	26	an	an	DET
ajfa-11537	121	27	ipo	ipo	NOUN
ajfa-11537	121	28	(	(	PUNCT
ajfa-11537	121	29	winner	winner	NOUN
ajfa-11537	121	30	or	or	CCONJ
ajfa-11537	121	31	loser	loser	NOUN
ajfa-11537	121	32	)	)	PUNCT
ajfa-11537	121	33	and/or	and/or	CCONJ
ajfa-11537	121	34	a	a	DET
ajfa-11537	121	35	market	market	NOUN
ajfa-11537	121	36	(	(	PUNCT
ajfa-11537	121	37	bull	bull	NOUN
ajfa-11537	121	38	or	or	CCONJ
ajfa-11537	121	39	bear	bear	NOUN
ajfa-11537	121	40	)	)	PUNCT
ajfa-11537	121	41	based	base	VERB
ajfa-11537	121	42	on	on	ADP
ajfa-11537	121	43	what	what	PRON
ajfa-11537	121	44	has	have	AUX
ajfa-11537	121	45	happened	happen	VERB
ajfa-11537	121	46	in	in	ADP
ajfa-11537	121	47	the	the	DET
ajfa-11537	121	48	most	most	ADV
ajfa-11537	121	49	recent	recent	ADJ
ajfa-11537	121	50	period	period	NOUN
ajfa-11537	121	51	.	.	PUNCT
ajfa-11537	122	1	positive	positive	ADJ
ajfa-11537	122	2	(	(	PUNCT
ajfa-11537	122	3	negative	negative	ADJ
ajfa-11537	122	4	)	)	PUNCT
ajfa-11537	122	5	mean	mean	NOUN
ajfa-11537	122	6	initial	initial	ADJ
ajfa-11537	122	7	returns	return	NOUN
ajfa-11537	122	8	of	of	ADP
ajfa-11537	122	9	the	the	DET
ajfa-11537	122	10	three	three	NUM
ajfa-11537	122	11	most	most	ADV
ajfa-11537	122	12	recently	recently	ADV
ajfa-11537	122	13	issued	issue	VERB
ajfa-11537	122	14	ipos	ipos	NOUN
ajfa-11537	122	15	tend	tend	VERB
ajfa-11537	122	16	to	to	PART
ajfa-11537	122	17	elicit	elicit	VERB
ajfa-11537	122	18	optimistic	optimistic	ADJ
ajfa-11537	122	19	(	(	PUNCT
ajfa-11537	122	20	pessimistic	pessimistic	ADJ
ajfa-11537	122	21	)	)	PUNCT
ajfa-11537	122	22	sentiment	sentiment	NOUN
ajfa-11537	122	23	among	among	ADP
ajfa-11537	122	24	the	the	DET
ajfa-11537	122	25	investors	investor	NOUN
ajfa-11537	122	26	(	(	PUNCT
ajfa-11537	122	27	bayley	bayley	PROPN
ajfa-11537	122	28	et	et	PROPN
ajfa-11537	122	29	al	al	PROPN
ajfa-11537	122	30	.	.	PROPN
ajfa-11537	122	31	,	,	PUNCT
ajfa-11537	122	32	2006	2006	NUM
ajfa-11537	122	33	;	;	PUNCT
ajfa-11537	122	34	chong	chong	PROPN
ajfa-11537	122	35	et	et	PROPN
ajfa-11537	122	36	al	al	PROPN
ajfa-11537	122	37	.	.	PROPN
ajfa-11537	122	38	,	,	PUNCT
ajfa-11537	122	39	2011	2011	NUM
ajfa-11537	122	40	)	)	PUNCT
ajfa-11537	122	41	.	.	PUNCT
ajfa-11537	123	1	similarly	similarly	ADV
ajfa-11537	123	2	,	,	PUNCT
ajfa-11537	123	3	this	this	PRON
ajfa-11537	123	4	suggests	suggest	VERB
ajfa-11537	123	5	that	that	SCONJ
ajfa-11537	123	6	the	the	DET
ajfa-11537	123	7	optimism	optimism	NOUN
ajfa-11537	123	8	among	among	ADP
ajfa-11537	123	9	market	market	NOUN
ajfa-11537	123	10	players	player	NOUN
ajfa-11537	123	11	,	,	PUNCT
ajfa-11537	123	12	which	which	PRON
ajfa-11537	123	13	allows	allow	VERB
ajfa-11537	123	14	for	for	ADP
ajfa-11537	123	15	higher	high	ADJ
ajfa-11537	123	16	prices	price	NOUN
ajfa-11537	123	17	(	(	PUNCT
ajfa-11537	123	18	or	or	CCONJ
ajfa-11537	123	19	initial	initial	ADJ
ajfa-11537	123	20	return	return	NOUN
ajfa-11537	123	21	)	)	PUNCT
ajfa-11537	123	22	.	.	PUNCT
ajfa-11537	124	1	underwriters	underwriter	NOUN
ajfa-11537	124	2	’	’	PART
ajfa-11537	124	3	reputation	reputation	NOUN
ajfa-11537	124	4	(	(	PUNCT
ajfa-11537	124	5	undrep	undrep	NOUN
ajfa-11537	124	6	)	)	PUNCT
ajfa-11537	124	7	usually	usually	ADV
ajfa-11537	124	8	reflects	reflect	VERB
ajfa-11537	124	9	the	the	DET
ajfa-11537	124	10	credibility	credibility	NOUN
ajfa-11537	124	11	of	of	ADP
ajfa-11537	124	12	investment	investment	NOUN
ajfa-11537	124	13	banks	bank	NOUN
ajfa-11537	124	14	in	in	ADP
ajfa-11537	124	15	pricing	pricing	NOUN
ajfa-11537	124	16	,	,	PUNCT
ajfa-11537	124	17	selling	sell	VERB
ajfa-11537	124	18	and	and	CCONJ
ajfa-11537	124	19	certifying	certify	VERB
ajfa-11537	124	20	an	an	DET
ajfa-11537	124	21	ipo	ipo	NOUN
ajfa-11537	124	22	.	.	PUNCT
ajfa-11537	125	1	a	a	DET
ajfa-11537	125	2	credible	credible	ADJ
ajfa-11537	125	3	investment	investment	NOUN
ajfa-11537	125	4	bank	bank	NOUN
ajfa-11537	125	5	is	be	AUX
ajfa-11537	125	6	supposed	suppose	VERB
ajfa-11537	125	7	to	to	PART
ajfa-11537	125	8	have	have	VERB
ajfa-11537	125	9	the	the	DET
ajfa-11537	125	10	experiences	experience	NOUN
ajfa-11537	125	11	and	and	CCONJ
ajfa-11537	125	12	expertise	expertise	NOUN
ajfa-11537	125	13	that	that	PRON
ajfa-11537	125	14	are	be	AUX
ajfa-11537	125	15	necessary	necessary	ADJ
ajfa-11537	125	16	to	to	PART
ajfa-11537	125	17	estimate	estimate	VERB
ajfa-11537	125	18	the	the	DET
ajfa-11537	125	19	true	true	ADJ
ajfa-11537	125	20	value	value	NOUN
ajfa-11537	125	21	and	and	CCONJ
ajfa-11537	125	22	quality	quality	NOUN
ajfa-11537	125	23	of	of	ADP
ajfa-11537	125	24	the	the	DET
ajfa-11537	125	25	issuing	issue	VERB
ajfa-11537	125	26	company	company	NOUN
ajfa-11537	125	27	.	.	PUNCT
ajfa-11537	126	1	therefore	therefore	ADV
ajfa-11537	126	2	,	,	PUNCT
ajfa-11537	126	3	the	the	DET
ajfa-11537	126	4	use	use	NOUN
ajfa-11537	126	5	of	of	ADP
ajfa-11537	126	6	a	a	DET
ajfa-11537	126	7	reputable	reputable	ADJ
ajfa-11537	126	8	underwriter	underwriter	NOUN
ajfa-11537	126	9	is	be	AUX
ajfa-11537	126	10	expected	expect	VERB
ajfa-11537	126	11	to	to	PART
ajfa-11537	126	12	reduce	reduce	VERB
ajfa-11537	126	13	the	the	DET
ajfa-11537	126	14	severity	severity	NOUN
ajfa-11537	126	15	of	of	ADP
ajfa-11537	126	16	information	information	NOUN
ajfa-11537	126	17	asymmetry	asymmetry	NOUN
ajfa-11537	126	18	between	between	ADP
ajfa-11537	126	19	the	the	DET
ajfa-11537	126	20	insiders	insider	NOUN
ajfa-11537	126	21	and	and	CCONJ
ajfa-11537	126	22	the	the	DET
ajfa-11537	126	23	outside	outside	ADJ
ajfa-11537	126	24	investors	investor	NOUN
ajfa-11537	126	25	(	(	PUNCT
ajfa-11537	126	26	yung	yung	PROPN
ajfa-11537	126	27	&	&	CCONJ
ajfa-11537	126	28	zender	zender	PROPN
ajfa-11537	126	29	2010	2010	NUM
ajfa-11537	126	30	)	)	PUNCT
ajfa-11537	126	31	such	such	ADJ
ajfa-11537	126	32	that	that	DET
ajfa-11537	126	33	increase	increase	VERB
ajfa-11537	126	34	the	the	DET
ajfa-11537	126	35	confidence	confidence	NOUN
ajfa-11537	126	36	of	of	ADP
ajfa-11537	126	37	investors	investor	NOUN
ajfa-11537	126	38	in	in	ADP
ajfa-11537	126	39	investing	invest	VERB
ajfa-11537	126	40	in	in	ADP
ajfa-11537	126	41	some	some	DET
ajfa-11537	126	42	firms	firm	NOUN
ajfa-11537	126	43	.	.	PUNCT
ajfa-11537	127	1	with	with	ADP
ajfa-11537	127	2	that	that	DET
ajfa-11537	127	3	concept	concept	NOUN
ajfa-11537	127	4	in	in	ADP
ajfa-11537	127	5	mind	mind	NOUN
ajfa-11537	127	6	,	,	PUNCT
ajfa-11537	127	7	this	this	DET
ajfa-11537	127	8	study	study	NOUN
ajfa-11537	127	9	expect	expect	VERB
ajfa-11537	127	10	a	a	DET
ajfa-11537	127	11	positive	positive	ADJ
ajfa-11537	127	12	relationship	relationship	NOUN
ajfa-11537	127	13	between	between	ADP
ajfa-11537	127	14	undrep	undrep	NOUN
ajfa-11537	127	15	and	and	CCONJ
ajfa-11537	127	16	initial	initial	ADJ
ajfa-11537	127	17	return	return	NOUN
ajfa-11537	127	18	.	.	PUNCT
ajfa-11537	128	1	this	this	DET
ajfa-11537	128	2	study	study	NOUN
ajfa-11537	128	3	measures	measure	VERB
ajfa-11537	128	4	the	the	DET
ajfa-11537	128	5	underwriter	underwriter	NOUN
ajfa-11537	128	6	reputation	reputation	NOUN
ajfa-11537	128	7	using	use	VERB
ajfa-11537	128	8	its	its	PRON
ajfa-11537	128	9	market	market	NOUN
ajfa-11537	128	10	shares	share	NOUN
ajfa-11537	128	11	on	on	ADP
ajfa-11537	128	12	a	a	DET
ajfa-11537	128	13	particular	particular	ADJ
ajfa-11537	128	14	year	year	NOUN
ajfa-11537	128	15	.	.	PUNCT
ajfa-11537	129	1	specifically	specifically	ADV
ajfa-11537	129	2	,	,	PUNCT
ajfa-11537	129	3	the	the	DET
ajfa-11537	129	4	market	market	NOUN
ajfa-11537	129	5	shares	share	NOUN
ajfa-11537	129	6	of	of	ADP
ajfa-11537	129	7	underwriter	underwriter	NOUN
ajfa-11537	129	8	is	be	AUX
ajfa-11537	129	9	percentage	percentage	NOUN
ajfa-11537	129	10	of	of	ADP
ajfa-11537	129	11	the	the	DET
ajfa-11537	129	12	total	total	ADJ
ajfa-11537	129	13	amount	amount	NOUN
ajfa-11537	129	14	of	of	ADP
ajfa-11537	129	15	shares	share	NOUN
ajfa-11537	129	16	underwritten	underwrite	VERB
ajfa-11537	129	17	by	by	ADP
ajfa-11537	129	18	the	the	DET
ajfa-11537	129	19	underwriter	underwriter	NOUN
ajfa-11537	129	20	against	against	ADP
ajfa-11537	129	21	the	the	DET
ajfa-11537	129	22	total	total	ADJ
ajfa-11537	129	23	amount	amount	NOUN
ajfa-11537	129	24	of	of	ADP
ajfa-11537	129	25	shares	share	NOUN
ajfa-11537	129	26	underwritten	underwrite	VERB
ajfa-11537	129	27	by	by	ADP
ajfa-11537	129	28	all	all	DET
ajfa-11537	129	29	underwriters	underwriter	NOUN
ajfa-11537	129	30	in	in	ADP
ajfa-11537	129	31	the	the	DET
ajfa-11537	129	32	specific	specific	ADJ
ajfa-11537	129	33	listing	listing	NOUN
ajfa-11537	129	34	year	year	NOUN
ajfa-11537	129	35	.	.	PUNCT
ajfa-11537	130	1	as	as	SCONJ
ajfa-11537	130	2	suggested	suggest	VERB
ajfa-11537	130	3	by	by	ADP
ajfa-11537	130	4	fang	fang	X
ajfa-11537	130	5	(	(	PUNCT
ajfa-11537	130	6	2005	2005	NUM
ajfa-11537	130	7	)	)	PUNCT
ajfa-11537	130	8	,	,	PUNCT
ajfa-11537	130	9	the	the	DET
ajfa-11537	130	10	market	market	NOUN
ajfa-11537	130	11	share	share	NOUN
ajfa-11537	130	12	is	be	AUX
ajfa-11537	130	13	a	a	DET
ajfa-11537	130	14	preferable	preferable	ADJ
ajfa-11537	130	15	indicator	indicator	NOUN
ajfa-11537	130	16	as	as	SCONJ
ajfa-11537	130	17	it	it	PRON
ajfa-11537	130	18	naturally	naturally	ADV
ajfa-11537	130	19	reflects	reflect	VERB
ajfa-11537	130	20	the	the	DET
ajfa-11537	130	21	‘	'	PUNCT
ajfa-11537	130	22	brand	brand	NOUN
ajfa-11537	130	23	name	name	NOUN
ajfa-11537	130	24	’	'	PUNCT
ajfa-11537	130	25	and	and	CCONJ
ajfa-11537	130	26	the	the	DET
ajfa-11537	130	27	‘	'	PUNCT
ajfa-11537	130	28	goodwill	goodwill	NOUN
ajfa-11537	130	29	’	'	PUNCT
ajfa-11537	130	30	of	of	ADP
ajfa-11537	130	31	an	an	DET
ajfa-11537	130	32	underwriter	underwriter	NOUN
ajfa-11537	130	33	.	.	PUNCT
ajfa-11537	131	1	institutional	institutional	ADJ
ajfa-11537	131	2	investors	investor	NOUN
ajfa-11537	131	3	are	be	AUX
ajfa-11537	131	4	perceived	perceive	VERB
ajfa-11537	131	5	to	to	PART
ajfa-11537	131	6	be	be	AUX
ajfa-11537	131	7	informationally	informationally	ADV
ajfa-11537	131	8	opaque	opaque	ADJ
ajfa-11537	131	9	that	that	SCONJ
ajfa-11537	131	10	they	they	PRON
ajfa-11537	131	11	should	should	AUX
ajfa-11537	131	12	only	only	ADV
ajfa-11537	131	13	invest	invest	VERB
ajfa-11537	131	14	in	in	ADP
ajfa-11537	131	15	companies	company	NOUN
ajfa-11537	131	16	with	with	ADP
ajfa-11537	131	17	good	good	ADJ
ajfa-11537	131	18	prospects	prospect	NOUN
ajfa-11537	131	19	of	of	ADP
ajfa-11537	131	20	future	future	ADJ
ajfa-11537	131	21	cash	cash	NOUN
ajfa-11537	131	22	flows	flow	NOUN
ajfa-11537	131	23	(	(	PUNCT
ajfa-11537	131	24	aggarwal	aggarwal	NOUN
ajfa-11537	131	25	,	,	PUNCT
ajfa-11537	131	26	2003	2003	NUM
ajfa-11537	131	27	;	;	PUNCT
ajfa-11537	131	28	gounopoulos	gounopoulo	NOUN
ajfa-11537	131	29	,	,	PUNCT
ajfa-11537	131	30	2006	2006	NUM
ajfa-11537	131	31	)	)	PUNCT
ajfa-11537	131	32	.	.	PUNCT
ajfa-11537	132	1	this	this	DET
ajfa-11537	132	2	study	study	NOUN
ajfa-11537	132	3	argues	argue	VERB
ajfa-11537	132	4	that	that	SCONJ
ajfa-11537	132	5	the	the	DET
ajfa-11537	132	6	involvement	involvement	NOUN
ajfa-11537	132	7	of	of	ADP
ajfa-11537	132	8	institutional	institutional	ADJ
ajfa-11537	132	9	investors	investor	NOUN
ajfa-11537	132	10	is	be	AUX
ajfa-11537	132	11	an	an	DET
ajfa-11537	132	12	ipo	ipo	NOUN
ajfa-11537	132	13	could	could	AUX
ajfa-11537	132	14	be	be	AUX
ajfa-11537	132	15	interpreted	interpret	VERB
ajfa-11537	132	16	as	as	ADP
ajfa-11537	132	17	a	a	DET
ajfa-11537	132	18	signal	signal	NOUN
ajfa-11537	132	19	of	of	ADP
ajfa-11537	132	20	quality	quality	NOUN
ajfa-11537	132	21	of	of	ADP
ajfa-11537	132	22	the	the	DET
ajfa-11537	132	23	issuing	issue	VERB
ajfa-11537	132	24	companies	company	NOUN
ajfa-11537	132	25	.	.	PUNCT
ajfa-11537	133	1	measuring	measure	VERB
ajfa-11537	133	2	the	the	DET
ajfa-11537	133	3	institutional	institutional	ADJ
ajfa-11537	133	4	investors	investor	NOUN
ajfa-11537	133	5	’	'	PUNCT
ajfa-11537	133	6	involvement	involvement	NOUN
ajfa-11537	133	7	using	use	VERB
ajfa-11537	133	8	the	the	DET
ajfa-11537	133	9	proportion	proportion	NOUN
ajfa-11537	133	10	of	of	ADP
ajfa-11537	133	11	ipos	ipos	NOUN
ajfa-11537	133	12	offered	offer	VERB
ajfa-11537	133	13	to	to	ADP
ajfa-11537	133	14	the	the	DET
ajfa-11537	133	15	institutional	institutional	ADJ
ajfa-11537	133	16	investors	investor	NOUN
ajfa-11537	133	17	against	against	ADP
ajfa-11537	133	18	the	the	DET
ajfa-11537	133	19	total	total	ADJ
ajfa-11537	133	20	number	number	NOUN
ajfa-11537	133	21	of	of	ADP
ajfa-11537	133	22	shares	share	NOUN
ajfa-11537	133	23	offered	offer	VERB
ajfa-11537	133	24	,	,	PUNCT
ajfa-11537	133	25	this	this	DET
ajfa-11537	133	26	study	study	NOUN
ajfa-11537	133	27	expects	expect	VERB
ajfa-11537	133	28	a	a	DET
ajfa-11537	133	29	positive	positive	ADJ
ajfa-11537	133	30	relationship	relationship	NOUN
ajfa-11537	133	31	between	between	ADP
ajfa-11537	133	32	institutional	institutional	ADJ
ajfa-11537	133	33	investors	investor	NOUN
ajfa-11537	133	34	’	’	PART
ajfa-11537	133	35	involvement	involvement	NOUN
ajfa-11537	133	36	and	and	CCONJ
ajfa-11537	133	37	initial	initial	ADJ
ajfa-11537	133	38	return	return	NOUN
ajfa-11537	133	39	.	.	PUNCT
ajfa-11537	134	1	next	next	ADJ
ajfa-11537	134	2	is	be	AUX
ajfa-11537	134	3	lock	lock	NOUN
ajfa-11537	134	4	-	-	PUNCT
ajfa-11537	134	5	up	up	ADP
ajfa-11537	134	6	provision	provision	NOUN
ajfa-11537	134	7	’s	’s	PART
ajfa-11537	134	8	(	(	PUNCT
ajfa-11537	134	9	lock	lock	NOUN
ajfa-11537	134	10	-	-	PUNCT
ajfa-11537	134	11	up	up	ADP
ajfa-11537	134	12	ratio	ratio	NOUN
ajfa-11537	134	13	)	)	PUNCT
ajfa-11537	134	14	.	.	PUNCT
ajfa-11537	135	1	lock	lock	NOUN
ajfa-11537	135	2	-	-	PUNCT
ajfa-11537	135	3	up	up	ADP
ajfa-11537	135	4	ratio	ratio	NOUN
ajfa-11537	135	5	(	(	PUNCT
ajfa-11537	135	6	lockup	lockup	NOUN
ajfa-11537	135	7	)	)	PUNCT
ajfa-11537	135	8	is	be	AUX
ajfa-11537	135	9	defined	define	VERB
ajfa-11537	135	10	as	as	ADP
ajfa-11537	135	11	the	the	DET
ajfa-11537	135	12	percentage	percentage	NOUN
ajfa-11537	135	13	of	of	ADP
ajfa-11537	135	14	shares	share	NOUN
ajfa-11537	135	15	locked	lock	VERB
ajfa-11537	135	16	by	by	ADP
ajfa-11537	135	17	promoters	promoter	NOUN
ajfa-11537	135	18	.	.	PUNCT
ajfa-11537	136	1	lock	lock	NOUN
ajfa-11537	136	2	-	-	PUNCT
ajfa-11537	136	3	up	up	ADP
ajfa-11537	136	4	provision	provision	NOUN
ajfa-11537	136	5	has	have	AUX
ajfa-11537	136	6	been	be	AUX
ajfa-11537	136	7	implemented	implement	VERB
ajfa-11537	136	8	on	on	ADP
ajfa-11537	136	9	a	a	DET
ajfa-11537	136	10	mandatory	mandatory	ADJ
ajfa-11537	136	11	basis	basis	NOUN
ajfa-11537	136	12	on	on	ADP
ajfa-11537	136	13	major	major	ADJ
ajfa-11537	136	14	shareholders	shareholder	NOUN
ajfa-11537	136	15	(	(	PUNCT
ajfa-11537	136	16	i.e.	i.e.	X
ajfa-11537	136	17	,	,	PUNCT
ajfa-11537	136	18	promoters	promoter	NOUN
ajfa-11537	136	19	)	)	PUNCT
ajfa-11537	136	20	of	of	ADP
ajfa-11537	136	21	ipo	ipo	PROPN
ajfa-11537	136	22	issuers	issuer	NOUN
ajfa-11537	136	23	in	in	ADP
ajfa-11537	136	24	malaysia	malaysia	PROPN
ajfa-11537	136	25	since	since	SCONJ
ajfa-11537	136	26	3	3	NUM
ajfa-11537	136	27	may	may	PROPN
ajfa-11537	136	28	1999	1999	NUM
ajfa-11537	136	29	.	.	PUNCT
ajfa-11537	137	1	in	in	ADP
ajfa-11537	137	2	detail	detail	NOUN
ajfa-11537	137	3	,	,	PUNCT
ajfa-11537	137	4	the	the	DET
ajfa-11537	137	5	malaysian	malaysian	ADJ
ajfa-11537	137	6	capital	capital	NOUN
ajfa-11537	137	7	market	market	NOUN
ajfa-11537	137	8	regulator	regulator	NOUN
ajfa-11537	137	9	,	,	PUNCT
ajfa-11537	137	10	the	the	DET
ajfa-11537	137	11	securities	security	NOUN
ajfa-11537	137	12	commission	commission	PROPN
ajfa-11537	137	13	(	(	PUNCT
ajfa-11537	137	14	sc	sc	PROPN
ajfa-11537	137	15	)	)	PUNCT
ajfa-11537	137	16	has	have	AUX
ajfa-11537	137	17	set	set	VERB
ajfa-11537	137	18	a	a	DET
ajfa-11537	137	19	minimum	minimum	ADJ
ajfa-11537	137	20	percentage	percentage	NOUN
ajfa-11537	137	21	(	(	PUNCT
ajfa-11537	137	22	e.g.	e.g.	ADV
ajfa-11537	137	23	,	,	PUNCT
ajfa-11537	137	24	45	45	NUM
ajfa-11537	137	25	per	per	ADP
ajfa-11537	137	26	cent	cent	NOUN
ajfa-11537	137	27	of	of	ADP
ajfa-11537	137	28	the	the	DET
ajfa-11537	137	29	total	total	ADJ
ajfa-11537	137	30	shares	share	NOUN
ajfa-11537	137	31	outstanding	outstanding	ADJ
ajfa-11537	137	32	)	)	PUNCT
ajfa-11537	137	33	that	that	PRON
ajfa-11537	137	34	need	need	VERB
ajfa-11537	137	35	to	to	PART
ajfa-11537	137	36	be	be	AUX
ajfa-11537	137	37	retained	retain	VERB
ajfa-11537	137	38	by	by	ADP
ajfa-11537	137	39	the	the	DET
ajfa-11537	137	40	promoters	promoter	NOUN
ajfa-11537	137	41	for	for	ADP
ajfa-11537	137	42	a	a	DET
ajfa-11537	137	43	certain	certain	ADJ
ajfa-11537	137	44	length	length	NOUN
ajfa-11537	137	45	of	of	ADP
ajfa-11537	137	46	time	time	NOUN
ajfa-11537	137	47	upon	upon	SCONJ
ajfa-11537	137	48	the	the	DET
ajfa-11537	137	49	listing	listing	NOUN
ajfa-11537	137	50	of	of	ADP
ajfa-11537	137	51	the	the	DET
ajfa-11537	137	52	shares	share	NOUN
ajfa-11537	137	53	.	.	PUNCT
ajfa-11537	138	1	while	while	SCONJ
ajfa-11537	138	2	there	there	PRON
ajfa-11537	138	3	is	be	VERB
ajfa-11537	138	4	an	an	DET
ajfa-11537	138	5	argument	argument	NOUN
ajfa-11537	138	6	that	that	SCONJ
ajfa-11537	138	7	the	the	DET
ajfa-11537	138	8	mandatory	mandatory	ADJ
ajfa-11537	138	9	ruling	ruling	NOUN
ajfa-11537	138	10	will	will	AUX
ajfa-11537	138	11	cause	cause	VERB
ajfa-11537	138	12	lock	lock	NOUN
ajfa-11537	138	13	-	-	PUNCT
ajfa-11537	138	14	up	up	ADP
ajfa-11537	138	15	provision	provision	NOUN
ajfa-11537	138	16	to	to	PART
ajfa-11537	138	17	be	be	AUX
ajfa-11537	138	18	irrelevant	irrelevant	ADJ
ajfa-11537	138	19	to	to	ADP
ajfa-11537	138	20	investors	investor	NOUN
ajfa-11537	138	21	because	because	SCONJ
ajfa-11537	138	22	it	it	PRON
ajfa-11537	138	23	becomes	become	VERB
ajfa-11537	138	24	a	a	DET
ajfa-11537	138	25	norm	norm	NOUN
ajfa-11537	138	26	to	to	ADP
ajfa-11537	138	27	all	all	DET
ajfa-11537	138	28	ipos	ipos	NOUN
ajfa-11537	138	29	,	,	PUNCT
ajfa-11537	138	30	this	this	DET
ajfa-11537	138	31	study	study	NOUN
ajfa-11537	138	32	argues	argue	VERB
ajfa-11537	138	33	that	that	SCONJ
ajfa-11537	138	34	the	the	DET
ajfa-11537	138	35	case	case	NOUN
ajfa-11537	138	36	is	be	AUX
ajfa-11537	138	37	different	different	ADJ
ajfa-11537	138	38	in	in	ADP
ajfa-11537	138	39	malaysia	malaysia	PROPN
ajfa-11537	138	40	.	.	PUNCT
ajfa-11537	139	1	this	this	PRON
ajfa-11537	139	2	is	be	AUX
ajfa-11537	139	3	because	because	SCONJ
ajfa-11537	139	4	promoters	promoter	NOUN
ajfa-11537	139	5	of	of	ADP
ajfa-11537	139	6	most	most	ADJ
ajfa-11537	139	7	ipo	ipo	NOUN
ajfa-11537	139	8	issuers	issuer	NOUN
ajfa-11537	139	9	in	in	ADP
ajfa-11537	139	10	malaysia	malaysia	PROPN
ajfa-11537	139	11	voluntarily	voluntarily	ADV
ajfa-11537	139	12	lock	lock	VERB
ajfa-11537	139	13	more	more	ADJ
ajfa-11537	139	14	shares	share	NOUN
ajfa-11537	139	15	than	than	SCONJ
ajfa-11537	139	16	mandated	mandate	VERB
ajfa-11537	139	17	by	by	ADP
ajfa-11537	139	18	the	the	DET
ajfa-11537	139	19	sc	sc	PROPN
ajfa-11537	139	20	.	.	PUNCT
ajfa-11537	140	1	this	this	DET
ajfa-11537	140	2	study	study	NOUN
ajfa-11537	140	3	observes	observe	VERB
ajfa-11537	140	4	there	there	PRON
ajfa-11537	140	5	are	be	VERB
ajfa-11537	140	6	promoters	promoter	NOUN
ajfa-11537	140	7	of	of	ADP
ajfa-11537	140	8	ipo	ipo	NOUN
ajfa-11537	140	9	issue	issue	NOUN
ajfa-11537	140	10	who	who	PRON
ajfa-11537	140	11	voluntarily	voluntarily	ADV
ajfa-11537	140	12	lock	lock	NOUN
ajfa-11537	140	13	-	-	PUNCT
ajfa-11537	140	14	up	up	NOUN
ajfa-11537	140	15	84	84	NUM
ajfa-11537	140	16	per	per	ADP
ajfa-11537	140	17	cent	cent	NOUN
ajfa-11537	140	18	of	of	ADP
ajfa-11537	140	19	their	their	PRON
ajfa-11537	140	20	shares	share	NOUN
ajfa-11537	140	21	despite	despite	SCONJ
ajfa-11537	140	22	the	the	DET
ajfa-11537	140	23	45	45	NUM
ajfa-11537	140	24	per	per	NOUN
ajfa-11537	140	25	cent	cent	NOUN
ajfa-11537	140	26	requirement	requirement	NOUN
ajfa-11537	140	27	.	.	PUNCT
ajfa-11537	141	1	the	the	DET
ajfa-11537	141	2	voluntary	voluntary	ADJ
ajfa-11537	141	3	act	act	NOUN
ajfa-11537	141	4	in	in	ADP
ajfa-11537	141	5	the	the	DET
ajfa-11537	141	6	practice	practice	NOUN
ajfa-11537	141	7	of	of	ADP
ajfa-11537	141	8	the	the	DET
ajfa-11537	141	9	lock	lock	NOUN
ajfa-11537	141	10	-	-	PUNCT
ajfa-11537	141	11	up	up	ADP
ajfa-11537	141	12	provision	provision	NOUN
ajfa-11537	141	13	carries	carry	VERB
ajfa-11537	141	14	an	an	DET
ajfa-11537	141	15	important	important	ADJ
ajfa-11537	141	16	signal	signal	NOUN
ajfa-11537	141	17	(	(	PUNCT
ajfa-11537	141	18	arthurs	arthurs	PROPN
ajfa-11537	141	19	et	et	PROPN
ajfa-11537	141	20	asian	asian	PROPN
ajfa-11537	141	21	journal	journal	PROPN
ajfa-11537	141	22	of	of	ADP
ajfa-11537	141	23	finance	finance	PROPN
ajfa-11537	141	24	&	&	CCONJ
ajfa-11537	141	25	accounting	accounting	PROPN
ajfa-11537	141	26	issn	issn	PROPN
ajfa-11537	141	27	1946	1946	NUM
ajfa-11537	141	28	-	-	PUNCT
ajfa-11537	141	29	052x	052x	PROPN
ajfa-11537	141	30	2017	2017	NUM
ajfa-11537	141	31	,	,	PUNCT
ajfa-11537	141	32	vol	vol	NOUN
ajfa-11537	141	33	.	.	NOUN
ajfa-11537	141	34	9	9	NUM
ajfa-11537	141	35	,	,	PUNCT
ajfa-11537	141	36	no	no	INTJ
ajfa-11537	141	37	.	.	NOUN
ajfa-11537	141	38	2	2	NUM
ajfa-11537	141	39	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11537	141	40	262	262	NUM
ajfa-11537	141	41	al	al	PROPN
ajfa-11537	141	42	.	.	PROPN
ajfa-11537	141	43	,	,	PUNCT
ajfa-11537	141	44	2009	2009	NUM
ajfa-11537	141	45	;	;	PUNCT
ajfa-11537	141	46	hakim	hakim	PROPN
ajfa-11537	141	47	,	,	PUNCT
ajfa-11537	141	48	lypny	lypny	NOUN
ajfa-11537	141	49	,	,	PUNCT
ajfa-11537	141	50	&	&	CCONJ
ajfa-11537	141	51	bharbra	bharbra	PROPN
ajfa-11537	141	52	,	,	PUNCT
ajfa-11537	141	53	2012	2012	NUM
ajfa-11537	141	54	)	)	PUNCT
ajfa-11537	141	55	because	because	SCONJ
ajfa-11537	141	56	it	it	PRON
ajfa-11537	141	57	reflects	reflect	VERB
ajfa-11537	141	58	the	the	DET
ajfa-11537	141	59	behaviour	behaviour	NOUN
ajfa-11537	141	60	of	of	ADP
ajfa-11537	141	61	the	the	DET
ajfa-11537	141	62	firms	firm	NOUN
ajfa-11537	141	63	.	.	PUNCT
ajfa-11537	142	1	based	base	VERB
ajfa-11537	142	2	on	on	ADP
ajfa-11537	142	3	signalling	signal	VERB
ajfa-11537	142	4	theory	theory	NOUN
ajfa-11537	142	5	,	,	PUNCT
ajfa-11537	142	6	lock	lock	NOUN
ajfa-11537	142	7	-	-	PUNCT
ajfa-11537	142	8	up	up	ADP
ajfa-11537	142	9	ratio	ratio	NOUN
ajfa-11537	142	10	could	could	AUX
ajfa-11537	142	11	reflect	reflect	VERB
ajfa-11537	142	12	quality	quality	NOUN
ajfa-11537	142	13	of	of	ADP
ajfa-11537	142	14	the	the	DET
ajfa-11537	142	15	ipos	ipos	NOUN
ajfa-11537	142	16	(	(	PUNCT
ajfa-11537	142	17	mohan	mohan	PROPN
ajfa-11537	142	18	&	&	CCONJ
ajfa-11537	142	19	chen	chen	PROPN
ajfa-11537	142	20	,	,	PUNCT
ajfa-11537	142	21	2001	2001	NUM
ajfa-11537	142	22	;	;	PUNCT
ajfa-11537	142	23	wan	wan	PROPN
ajfa-11537	142	24	-	-	PUNCT
ajfa-11537	142	25	hussin	hussin	PROPN
ajfa-11537	142	26	,	,	PUNCT
ajfa-11537	142	27	2005	2005	NUM
ajfa-11537	142	28	)	)	PUNCT
ajfa-11537	142	29	.	.	PUNCT
ajfa-11537	143	1	a	a	DET
ajfa-11537	143	2	higher	high	ADJ
ajfa-11537	143	3	lock	lock	NOUN
ajfa-11537	143	4	-	-	PUNCT
ajfa-11537	143	5	up	up	ADP
ajfa-11537	143	6	ratio	ratio	NOUN
ajfa-11537	143	7	infers	infer	NOUN
ajfa-11537	143	8	that	that	PRON
ajfa-11537	143	9	affected	affect	VERB
ajfa-11537	143	10	shareholders	shareholder	NOUN
ajfa-11537	143	11	agree	agree	VERB
ajfa-11537	143	12	to	to	PART
ajfa-11537	143	13	retain	retain	VERB
ajfa-11537	143	14	their	their	PRON
ajfa-11537	143	15	shareholdings	shareholding	NOUN
ajfa-11537	143	16	in	in	ADP
ajfa-11537	143	17	the	the	DET
ajfa-11537	143	18	firms	firm	NOUN
ajfa-11537	143	19	despite	despite	SCONJ
ajfa-11537	143	20	the	the	DET
ajfa-11537	143	21	high	high	ADJ
ajfa-11537	143	22	initial	initial	ADJ
ajfa-11537	143	23	return	return	NOUN
ajfa-11537	143	24	in	in	ADP
ajfa-11537	143	25	the	the	DET
ajfa-11537	143	26	immediate	immediate	ADJ
ajfa-11537	143	27	aftermarket	aftermarket	NOUN
ajfa-11537	143	28	.	.	PUNCT
ajfa-11537	144	1	hence	hence	ADV
ajfa-11537	144	2	,	,	PUNCT
ajfa-11537	144	3	the	the	DET
ajfa-11537	144	4	investors	investor	NOUN
ajfa-11537	144	5	will	will	AUX
ajfa-11537	144	6	be	be	AUX
ajfa-11537	144	7	more	more	ADV
ajfa-11537	144	8	confident	confident	ADJ
ajfa-11537	144	9	in	in	ADP
ajfa-11537	144	10	the	the	DET
ajfa-11537	144	11	ipo	ipo	PROPN
ajfa-11537	144	12	issuer	issuer	NOUN
ajfa-11537	144	13	(	(	PUNCT
ajfa-11537	144	14	arthurs	arthurs	PROPN
ajfa-11537	144	15	et	et	PROPN
ajfa-11537	144	16	al	al	PROPN
ajfa-11537	144	17	.	.	PROPN
ajfa-11537	144	18	,	,	PUNCT
ajfa-11537	144	19	2009	2009	NUM
ajfa-11537	144	20	;	;	PUNCT
ajfa-11537	144	21	georgen	georgen	PROPN
ajfa-11537	144	22	et	et	PROPN
ajfa-11537	144	23	al	al	PROPN
ajfa-11537	144	24	.	.	PROPN
ajfa-11537	144	25	,	,	PUNCT
ajfa-11537	144	26	2006	2006	NUM
ajfa-11537	144	27	;	;	PUNCT
ajfa-11537	144	28	islam	islam	PROPN
ajfa-11537	144	29	and	and	CCONJ
ajfa-11537	144	30	munira	munira	PROPN
ajfa-11537	144	31	,	,	PUNCT
ajfa-11537	144	32	2004	2004	NUM
ajfa-11537	144	33	)	)	PUNCT
ajfa-11537	144	34	.	.	PUNCT
ajfa-11537	145	1	subsequently	subsequently	ADV
ajfa-11537	145	2	,	,	PUNCT
ajfa-11537	145	3	the	the	DET
ajfa-11537	145	4	higher	high	ADJ
ajfa-11537	145	5	is	be	AUX
ajfa-11537	145	6	the	the	DET
ajfa-11537	145	7	lock	lock	NOUN
ajfa-11537	145	8	-	-	PUNCT
ajfa-11537	145	9	up	up	ADP
ajfa-11537	145	10	ratio	ratio	NOUN
ajfa-11537	145	11	,	,	PUNCT
ajfa-11537	145	12	the	the	DET
ajfa-11537	145	13	higher	high	ADJ
ajfa-11537	145	14	is	be	AUX
ajfa-11537	145	15	the	the	DET
ajfa-11537	145	16	initial	initial	ADJ
ajfa-11537	145	17	return	return	NOUN
ajfa-11537	145	18	.	.	PUNCT
ajfa-11537	146	1	the	the	DET
ajfa-11537	146	2	list	list	NOUN
ajfa-11537	146	3	of	of	ADP
ajfa-11537	146	4	control	control	NOUN
ajfa-11537	146	5	variables	variable	NOUN
ajfa-11537	146	6	,	,	PUNCT
ajfa-11537	146	7	predicted	predict	VERB
ajfa-11537	146	8	sign	sign	NOUN
ajfa-11537	146	9	and	and	CCONJ
ajfa-11537	146	10	relevant	relevant	ADJ
ajfa-11537	146	11	literature	literature	NOUN
ajfa-11537	146	12	supporting	support	VERB
ajfa-11537	146	13	employment	employment	NOUN
ajfa-11537	146	14	and	and	CCONJ
ajfa-11537	146	15	prediction	prediction	NOUN
ajfa-11537	146	16	on	on	ADP
ajfa-11537	146	17	sign	sign	NOUN
ajfa-11537	146	18	of	of	ADP
ajfa-11537	146	19	these	these	DET
ajfa-11537	146	20	control	control	NOUN
ajfa-11537	146	21	variables	variable	NOUN
ajfa-11537	146	22	are	be	AUX
ajfa-11537	146	23	summarised	summarise	VERB
ajfa-11537	146	24	in	in	ADP
ajfa-11537	146	25	table	table	NOUN
ajfa-11537	146	26	1	1	NUM
ajfa-11537	146	27	.	.	PUNCT
ajfa-11537	146	28	table	table	NOUN
ajfa-11537	146	29	1	1	NUM
ajfa-11537	146	30	.	.	PUNCT
ajfa-11537	147	1	summary	summary	NOUN
ajfa-11537	147	2	of	of	ADP
ajfa-11537	147	3	control	control	NOUN
ajfa-11537	147	4	variables	variable	NOUN
ajfa-11537	147	5	and	and	CCONJ
ajfa-11537	147	6	expected	expect	VERB
ajfa-11537	147	7	sign	sign	NOUN
ajfa-11537	147	8	no	no	INTJ
ajfa-11537	147	9	.	.	PUNCT
ajfa-11537	147	10	control	control	PROPN
ajfa-11537	147	11	variable	variable	ADJ
ajfa-11537	147	12	exp	exp	PROPN
ajfa-11537	147	13	.	.	PUNCT
ajfa-11537	148	1	sign	sign	PROPN
ajfa-11537	148	2	.	.	PUNCT
ajfa-11537	149	1	(	(	PUNCT
ajfa-11537	149	2	return	return	NOUN
ajfa-11537	149	3	)	)	PUNCT
ajfa-11537	149	4	past	past	ADP
ajfa-11537	149	5	studies	study	NOUN
ajfa-11537	149	6	1	1	NUM
ajfa-11537	149	7	.	.	PUNCT
ajfa-11537	150	1	demand	demand	NOUN
ajfa-11537	150	2	of	of	ADP
ajfa-11537	150	3	ipo	ipo	PROPN
ajfa-11537	150	4	(	(	PUNCT
ajfa-11537	150	5	demand	demand	NOUN
ajfa-11537	150	6	)	)	PUNCT
ajfa-11537	151	1	+	+	ADP
ajfa-11537	151	2	ve	ve	VERB
ajfa-11537	151	3	abdul	abdul	PROPN
ajfa-11537	151	4	rahim	rahim	PROPN
ajfa-11537	151	5	et	et	PROPN
ajfa-11537	151	6	al	al	PROPN
ajfa-11537	151	7	.	.	PROPN
ajfa-11537	151	8	,	,	PUNCT
ajfa-11537	151	9	2013	2013	NUM
ajfa-11537	151	10	,	,	PUNCT
ajfa-11537	151	11	islam	islam	PROPN
ajfa-11537	151	12	and	and	CCONJ
ajfa-11537	151	13	munira	munira	PROPN
ajfa-11537	151	14	(	(	PUNCT
ajfa-11537	151	15	2004	2004	NUM
ajfa-11537	151	16	)	)	PUNCT
ajfa-11537	151	17	2	2	NUM
ajfa-11537	151	18	.	.	X
ajfa-11537	151	19	supply	supply	NOUN
ajfa-11537	151	20	of	of	ADP
ajfa-11537	151	21	ipo	ipo	PROPN
ajfa-11537	151	22	(	(	PUNCT
ajfa-11537	151	23	supply	supply	NOUN
ajfa-11537	151	24	)	)	PUNCT
ajfa-11537	151	25	-ve	-ve	NOUN
ajfa-11537	151	26	bayley	bayley	PROPN
ajfa-11537	151	27	et	et	PROPN
ajfa-11537	151	28	al	al	PROPN
ajfa-11537	151	29	.	.	PROPN
ajfa-11537	151	30	(	(	PUNCT
ajfa-11537	151	31	2006	2006	NUM
ajfa-11537	151	32	)	)	PUNCT
ajfa-11537	151	33	,	,	PUNCT
ajfa-11537	151	34	chong	chong	PROPN
ajfa-11537	151	35	et	et	PROPN
ajfa-11537	151	36	al	al	PROPN
ajfa-11537	151	37	.	.	PROPN
ajfa-11537	152	1	(	(	PUNCT
ajfa-11537	152	2	2009	2009	NUM
ajfa-11537	152	3	)	)	PUNCT
ajfa-11537	153	1	,	,	PUNCT
ajfa-11537	153	2	tran	tran	PROPN
ajfa-11537	153	3	et	et	PROPN
ajfa-11537	153	4	al	al	PROPN
ajfa-11537	153	5	.	.	PROPN
ajfa-11537	153	6	(	(	PUNCT
ajfa-11537	153	7	2007	2007	NUM
ajfa-11537	153	8	)	)	PUNCT
ajfa-11537	153	9	,	,	PUNCT
ajfa-11537	153	10	sapian	sapian	PROPN
ajfa-11537	153	11	et	et	PROPN
ajfa-11537	153	12	al	al	PROPN
ajfa-11537	153	13	.	.	PROPN
ajfa-11537	153	14	(	(	PUNCT
ajfa-11537	153	15	2012	2012	NUM
ajfa-11537	153	16	)	)	PUNCT
ajfa-11537	153	17	3	3	NUM
ajfa-11537	153	18	.	.	PUNCT
ajfa-11537	153	19	stock	stock	NOUN
ajfa-11537	153	20	market	market	NOUN
ajfa-11537	153	21	condition	condition	NOUN
ajfa-11537	153	22	(	(	PUNCT
ajfa-11537	153	23	mktlook	mktlook	NOUN
ajfa-11537	153	24	)	)	PUNCT
ajfa-11537	154	1	+	+	ADP
ajfa-11537	154	2	ve	ve	VERB
ajfa-11537	154	3	chong	chong	PROPN
ajfa-11537	154	4	et	et	PROPN
ajfa-11537	154	5	al	al	PROPN
ajfa-11537	154	6	.	.	PROPN
ajfa-11537	155	1	(	(	PUNCT
ajfa-11537	155	2	2009	2009	NUM
ajfa-11537	155	3	)	)	PUNCT
ajfa-11537	155	4	,	,	PUNCT
ajfa-11537	155	5	ritter	ritter	NOUN
ajfa-11537	155	6	and	and	CCONJ
ajfa-11537	155	7	welch	welch	PROPN
ajfa-11537	155	8	(	(	PUNCT
ajfa-11537	155	9	2002	2002	NUM
ajfa-11537	155	10	)	)	PUNCT
ajfa-11537	155	11	4	4	NUM
ajfa-11537	155	12	.	.	PUNCT
ajfa-11537	156	1	investors	investor	NOUN
ajfa-11537	156	2	sentiment	sentiment	NOUN
ajfa-11537	156	3	(	(	PUNCT
ajfa-11537	156	4	heurep	heurep	NOUN
ajfa-11537	156	5	)	)	PUNCT
ajfa-11537	156	6	+	+	ADP
ajfa-11537	156	7	ve	ve	AUX
ajfa-11537	156	8	bayley	bayley	PROPN
ajfa-11537	156	9	et	et	PROPN
ajfa-11537	156	10	al	al	PROPN
ajfa-11537	156	11	.	.	PROPN
ajfa-11537	156	12	(	(	PUNCT
ajfa-11537	156	13	2006	2006	NUM
ajfa-11537	156	14	)	)	PUNCT
ajfa-11537	156	15	,	,	PUNCT
ajfa-11537	156	16	chong	chong	PROPN
ajfa-11537	156	17	et	et	PROPN
ajfa-11537	156	18	al	al	PROPN
ajfa-11537	156	19	.	.	PROPN
ajfa-11537	157	1	(	(	PUNCT
ajfa-11537	157	2	2011	2011	NUM
ajfa-11537	157	3	)	)	PUNCT
ajfa-11537	157	4	5	5	NUM
ajfa-11537	157	5	.	.	PUNCT
ajfa-11537	158	1	underwriter	underwriter	NOUN
ajfa-11537	158	2	reputation	reputation	NOUN
ajfa-11537	158	3	(	(	PUNCT
ajfa-11537	158	4	undrep	undrep	NOUN
ajfa-11537	158	5	)	)	PUNCT
ajfa-11537	159	1	+	+	PROPN
ajfa-11537	159	2	ve	ve	VERB
ajfa-11537	159	3	fang	fang	X
ajfa-11537	159	4	(	(	PUNCT
ajfa-11537	159	5	2005	2005	NUM
ajfa-11537	159	6	)	)	PUNCT
ajfa-11537	159	7	,	,	PUNCT
ajfa-11537	159	8	yung	yung	PROPN
ajfa-11537	159	9	&	&	CCONJ
ajfa-11537	159	10	zender	zender	PROPN
ajfa-11537	159	11	(	(	PUNCT
ajfa-11537	159	12	2010	2010	NUM
ajfa-11537	159	13	)	)	PUNCT
ajfa-11537	159	14	6	6	NUM
ajfa-11537	159	15	.	.	PUNCT
ajfa-11537	159	16	institutional	institutional	ADJ
ajfa-11537	159	17	investors	investor	NOUN
ajfa-11537	159	18	’	'	PUNCT
ajfa-11537	159	19	involvement	involvement	NOUN
ajfa-11537	159	20	(	(	PUNCT
ajfa-11537	159	21	insvol	insvol	NOUN
ajfa-11537	159	22	)	)	PUNCT
ajfa-11537	160	1	+	+	ADP
ajfa-11537	160	2	ve	ve	VERB
ajfa-11537	160	3	aggarwal	aggarwal	NOUN
ajfa-11537	160	4	(	(	PUNCT
ajfa-11537	160	5	2003	2003	NUM
ajfa-11537	160	6	)	)	PUNCT
ajfa-11537	160	7	,	,	PUNCT
ajfa-11537	160	8	gounopoulos	gounopoulos	NOUN
ajfa-11537	160	9	(	(	PUNCT
ajfa-11537	160	10	2006	2006	NUM
ajfa-11537	160	11	)	)	PUNCT
ajfa-11537	160	12	7	7	NUM
ajfa-11537	160	13	.	.	PUNCT
ajfa-11537	160	14	lock	lock	NOUN
ajfa-11537	160	15	-	-	PUNCT
ajfa-11537	160	16	up	up	ADP
ajfa-11537	160	17	ratio	ratio	NOUN
ajfa-11537	160	18	(	(	PUNCT
ajfa-11537	160	19	lurat	lurat	PROPN
ajfa-11537	160	20	)	)	PUNCT
ajfa-11537	161	1	+	+	PROPN
ajfa-11537	161	2	ve	ve	VERB
ajfa-11537	161	3	islam	islam	PROPN
ajfa-11537	161	4	and	and	CCONJ
ajfa-11537	161	5	munira	munira	PROPN
ajfa-11537	161	6	(	(	PUNCT
ajfa-11537	161	7	2004	2004	NUM
ajfa-11537	161	8	)	)	PUNCT
ajfa-11537	161	9	,	,	PUNCT
ajfa-11537	161	10	mohan	mohan	PROPN
ajfa-11537	161	11	and	and	CCONJ
ajfa-11537	161	12	chen	chen	PROPN
ajfa-11537	161	13	(	(	PUNCT
ajfa-11537	161	14	2001	2001	NUM
ajfa-11537	161	15	)	)	PUNCT
ajfa-11537	161	16	,	,	PUNCT
ajfa-11537	161	17	wan	wan	PROPN
ajfa-11537	161	18	-	-	PUNCT
ajfa-11537	161	19	hussin	hussin	PROPN
ajfa-11537	161	20	(	(	PUNCT
ajfa-11537	161	21	2005	2005	NUM
ajfa-11537	161	22	)	)	PUNCT
ajfa-11537	161	23	note	note	NOUN
ajfa-11537	161	24	:	:	PUNCT
ajfa-11537	162	1	+	+	X
ajfa-11537	162	2	ve	ve	AUX
ajfa-11537	162	3	indicates	indicate	VERB
ajfa-11537	162	4	an	an	DET
ajfa-11537	162	5	expectation	expectation	NOUN
ajfa-11537	162	6	on	on	ADP
ajfa-11537	162	7	the	the	DET
ajfa-11537	162	8	positive	positive	ADJ
ajfa-11537	162	9	relationship	relationship	NOUN
ajfa-11537	162	10	while	while	SCONJ
ajfa-11537	162	11	-ve	-ve	NOUN
ajfa-11537	162	12	indicates	indicate	VERB
ajfa-11537	162	13	an	an	DET
ajfa-11537	162	14	expectation	expectation	NOUN
ajfa-11537	162	15	on	on	ADP
ajfa-11537	162	16	the	the	DET
ajfa-11537	162	17	negative	negative	ADJ
ajfa-11537	162	18	relationship	relationship	NOUN
ajfa-11537	162	19	.	.	PUNCT
ajfa-11537	163	1	estimation	estimation	NOUN
ajfa-11537	163	2	models	model	VERB
ajfa-11537	163	3	the	the	DET
ajfa-11537	163	4	following	follow	VERB
ajfa-11537	163	5	multiple	multiple	ADJ
ajfa-11537	163	6	regression	regression	NOUN
ajfa-11537	163	7	equations	equation	NOUN
ajfa-11537	163	8	are	be	AUX
ajfa-11537	163	9	applied	apply	VERB
ajfa-11537	163	10	to	to	PART
ajfa-11537	163	11	examine	examine	VERB
ajfa-11537	163	12	the	the	DET
ajfa-11537	163	13	influence	influence	NOUN
ajfa-11537	163	14	of	of	ADP
ajfa-11537	163	15	offer	offer	NOUN
ajfa-11537	163	16	-	-	PUNCT
ajfa-11537	163	17	for	for	ADP
ajfa-11537	163	18	-	-	PUNCT
ajfa-11537	163	19	sale	sale	NOUN
ajfa-11537	163	20	on	on	ADP
ajfa-11537	163	21	initial	initial	ADJ
ajfa-11537	163	22	return	return	NOUN
ajfa-11537	163	23	using	use	VERB
ajfa-11537	163	24	two	two	NUM
ajfa-11537	163	25	measurements	measurement	NOUN
ajfa-11537	163	26	;	;	PUNCT
ajfa-11537	163	27	εcvofsaleβαireturn	εcvofsaleβαireturn	NOUN
ajfa-11537	163	28	j	j	PROPN
ajfa-11537	163	29	jjiiopen	jjiiopen	VERB
ajfa-11537	163	30	+	+	PROPN
ajfa-11537	163	31	+	+	ADJ
ajfa-11537	163	32	+	+	NOUN
ajfa-11537	163	33	=	=	NOUN
ajfa-11537	163	34			X
ajfa-11537	163	35	=	=	PUNCT
ajfa-11537	163	36	7	7	NUM
ajfa-11537	163	37	1	1	NUM
ajfa-11537	163	38	1	1	NUM
ajfa-11537	163	39	)	)	PUNCT
ajfa-11537	163	40	(	(	PUNCT
ajfa-11537	163	41	β	β	X
ajfa-11537	163	42	(	(	PUNCT
ajfa-11537	163	43	3a	3a	NUM
ajfa-11537	163	44	)	)	PUNCT
ajfa-11537	163	45	εcvofsaleβαireturn	εcvofsaleβαireturn	NOUN
ajfa-11537	163	46	j	j	PROPN
ajfa-11537	163	47	jjiiclose	jjiiclose	VERB
ajfa-11537	164	1	+	+	PROPN
ajfa-11537	164	2	+	+	ADJ
ajfa-11537	164	3	+	+	NOUN
ajfa-11537	164	4	=	=	NOUN
ajfa-11537	164	5			X
ajfa-11537	164	6	=	=	PUNCT
ajfa-11537	164	7	7	7	NUM
ajfa-11537	164	8	1	1	NUM
ajfa-11537	164	9	1	1	NUM
ajfa-11537	164	10	)	)	PUNCT
ajfa-11537	164	11	(	(	PUNCT
ajfa-11537	164	12	β	β	X
ajfa-11537	164	13	(	(	PUNCT
ajfa-11537	164	14	3b	3b	NUM
ajfa-11537	164	15	)	)	PUNCT
ajfa-11537	164	16	asian	asian	ADJ
ajfa-11537	164	17	journal	journal	NOUN
ajfa-11537	164	18	of	of	ADP
ajfa-11537	164	19	finance	finance	PROPN
ajfa-11537	164	20	&	&	CCONJ
ajfa-11537	164	21	accounting	accounting	PROPN
ajfa-11537	164	22	issn	issn	PROPN
ajfa-11537	164	23	1946	1946	NUM
ajfa-11537	164	24	-	-	PUNCT
ajfa-11537	164	25	052x	052x	PROPN
ajfa-11537	164	26	2017	2017	NUM
ajfa-11537	164	27	,	,	PUNCT
ajfa-11537	164	28	vol	vol	NOUN
ajfa-11537	164	29	.	.	NOUN
ajfa-11537	164	30	9	9	NUM
ajfa-11537	164	31	,	,	PUNCT
ajfa-11537	164	32	no	no	NOUN
ajfa-11537	164	33	.	.	NOUN
ajfa-11537	164	34	2	2	NUM
ajfa-11537	164	35	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11537	164	36	263	263	NUM
ajfa-11537	165	1	where	where	SCONJ
ajfa-11537	165	2	,	,	PUNCT
ajfa-11537	165	3	α	α	PROPN
ajfa-11537	165	4	is	be	AUX
ajfa-11537	165	5	the	the	DET
ajfa-11537	165	6	regression	regression	NOUN
ajfa-11537	165	7	intercept	intercept	NOUN
ajfa-11537	165	8	,	,	PUNCT
ajfa-11537	165	9	β	β	X
ajfa-11537	165	10	is	be	AUX
ajfa-11537	165	11	the	the	DET
ajfa-11537	165	12	estimated	estimate	VERB
ajfa-11537	165	13	coefficient	coefficient	NOUN
ajfa-11537	165	14	of	of	ADP
ajfa-11537	165	15	the	the	DET
ajfa-11537	165	16	respective	respective	ADJ
ajfa-11537	165	17	predictor	predictor	NOUN
ajfa-11537	165	18	variable	variable	NOUN
ajfa-11537	165	19	,	,	PUNCT
ajfa-11537	165	20	cvi	cvi	PROPN
ajfa-11537	165	21	,	,	PUNCT
ajfa-11537	165	22	j	j	PROPN
ajfa-11537	165	23	is	be	AUX
ajfa-11537	165	24	the	the	DET
ajfa-11537	165	25	control	control	NOUN
ajfa-11537	165	26	variables	variable	NOUN
ajfa-11537	165	27	from	from	ADP
ajfa-11537	165	28	j	j	PROPN
ajfa-11537	165	29	=	=	SYM
ajfa-11537	165	30	1	1	NUM
ajfa-11537	165	31	,	,	PUNCT
ajfa-11537	165	32	…	…	PUNCT
ajfa-11537	165	33	,	,	PUNCT
ajfa-11537	165	34	8	8	NUM
ajfa-11537	165	35	for	for	ADP
ajfa-11537	165	36	the	the	DET
ajfa-11537	165	37	ith	ith	PROPN
ajfa-11537	165	38	ipo	ipo	PROPN
ajfa-11537	165	39	,	,	PUNCT
ajfa-11537	165	40	while	while	SCONJ
ajfa-11537	165	41	the	the	DET
ajfa-11537	165	42	remaining	remain	VERB
ajfa-11537	165	43	variables	variable	NOUN
ajfa-11537	165	44	are	be	AUX
ajfa-11537	165	45	as	as	ADP
ajfa-11537	165	46	defined	define	VERB
ajfa-11537	165	47	in	in	ADP
ajfa-11537	165	48	earlier	early	ADJ
ajfa-11537	165	49	section	section	NOUN
ajfa-11537	165	50	and	and	CCONJ
ajfa-11537	165	51	ε	ε	PROPN
ajfa-11537	165	52	is	be	AUX
ajfa-11537	165	53	the	the	DET
ajfa-11537	165	54	error	error	NOUN
ajfa-11537	165	55	term	term	NOUN
ajfa-11537	165	56	.	.	PUNCT
ajfa-11537	166	1	empirical	empirical	ADJ
ajfa-11537	166	2	results	result	NOUN
ajfa-11537	166	3	and	and	CCONJ
ajfa-11537	166	4	discussion	discussion	NOUN
ajfa-11537	166	5	preliminary	preliminary	ADJ
ajfa-11537	166	6	results	result	NOUN
ajfa-11537	166	7	table	table	VERB
ajfa-11537	166	8	2	2	NUM
ajfa-11537	166	9	presents	present	VERB
ajfa-11537	166	10	the	the	DET
ajfa-11537	166	11	descriptive	descriptive	ADJ
ajfa-11537	166	12	statistics	statistic	NOUN
ajfa-11537	166	13	of	of	ADP
ajfa-11537	166	14	419	419	NUM
ajfa-11537	166	15	malaysian	malaysian	ADJ
ajfa-11537	166	16	ipos	ipos	NOUN
ajfa-11537	166	17	,	,	PUNCT
ajfa-11537	166	18	listed	list	VERB
ajfa-11537	166	19	from	from	ADP
ajfa-11537	166	20	2000	2000	NUM
ajfa-11537	166	21	to	to	ADP
ajfa-11537	166	22	2015	2015	NUM
ajfa-11537	166	23	.	.	PUNCT
ajfa-11537	167	1	the	the	DET
ajfa-11537	167	2	average	average	ADJ
ajfa-11537	167	3	return	return	NOUN
ajfa-11537	167	4	(	(	PUNCT
ajfa-11537	167	5	opening	opening	NOUN
ajfa-11537	167	6	price	price	NOUN
ajfa-11537	167	7	)	)	PUNCT
ajfa-11537	167	8	is	be	AUX
ajfa-11537	167	9	0.28	0.28	NUM
ajfa-11537	167	10	percent	percent	NOUN
ajfa-11537	167	11	from	from	ADP
ajfa-11537	167	12	a	a	DET
ajfa-11537	167	13	minimum	minimum	NOUN
ajfa-11537	167	14	of	of	ADP
ajfa-11537	167	15	-0.68	-0.68	NOUN
ajfa-11537	167	16	percent	percent	NOUN
ajfa-11537	167	17	to	to	ADP
ajfa-11537	167	18	a	a	DET
ajfa-11537	167	19	maximum	maximum	NOUN
ajfa-11537	167	20	of	of	ADP
ajfa-11537	167	21	4.04	4.04	NUM
ajfa-11537	167	22	percent	percent	NOUN
ajfa-11537	167	23	.	.	PUNCT
ajfa-11537	168	1	while	while	SCONJ
ajfa-11537	168	2	the	the	DET
ajfa-11537	168	3	avarage	avarage	NOUN
ajfa-11537	168	4	return	return	NOUN
ajfa-11537	168	5	(	(	PUNCT
ajfa-11537	168	6	closing	closing	NOUN
ajfa-11537	168	7	price	price	NOUN
ajfa-11537	168	8	)	)	PUNCT
ajfa-11537	168	9	is	be	AUX
ajfa-11537	168	10	0.29	0.29	NUM
ajfa-11537	168	11	percent	percent	NOUN
ajfa-11537	168	12	ranging	range	VERB
ajfa-11537	168	13	from	from	ADP
ajfa-11537	168	14	-0.68	-0.68	NOUN
ajfa-11537	168	15	percent	percent	NOUN
ajfa-11537	168	16	to	to	ADP
ajfa-11537	168	17	3.60	3.60	NUM
ajfa-11537	168	18	percent	percent	NOUN
ajfa-11537	168	19	.	.	PUNCT
ajfa-11537	169	1	for	for	ADP
ajfa-11537	169	2	explanatory	explanatory	ADJ
ajfa-11537	169	3	variables	variable	NOUN
ajfa-11537	169	4	,	,	PUNCT
ajfa-11537	169	5	mean	mean	NOUN
ajfa-11537	169	6	of	of	ADP
ajfa-11537	169	7	offer	offer	NOUN
ajfa-11537	169	8	for	for	ADP
ajfa-11537	169	9	sale	sale	NOUN
ajfa-11537	169	10	ratio	ratio	NOUN
ajfa-11537	169	11	is	be	AUX
ajfa-11537	169	12	0.25	0.25	NUM
ajfa-11537	169	13	percent	percent	NOUN
ajfa-11537	169	14	which	which	PRON
ajfa-11537	169	15	ranges	range	VERB
ajfa-11537	169	16	from	from	ADP
ajfa-11537	169	17	a	a	DET
ajfa-11537	169	18	minium	minium	NOUN
ajfa-11537	169	19	of	of	ADP
ajfa-11537	169	20	nil	nil	NOUN
ajfa-11537	169	21	to	to	ADP
ajfa-11537	169	22	a	a	DET
ajfa-11537	169	23	maximum	maximum	NOUN
ajfa-11537	169	24	of	of	ADP
ajfa-11537	169	25	1.00	1.00	NUM
ajfa-11537	169	26	percent	percent	NOUN
ajfa-11537	169	27	.	.	PUNCT
ajfa-11537	170	1	table	table	NOUN
ajfa-11537	170	2	2	2	NUM
ajfa-11537	170	3	.	.	X
ajfa-11537	170	4	profile	profile	NOUN
ajfa-11537	170	5	of	of	ADP
ajfa-11537	170	6	sample	sample	NOUN
ajfa-11537	170	7	ipos	ipos	NOUN
ajfa-11537	170	8	,	,	PUNCT
ajfa-11537	170	9	2000	2000	NUM
ajfa-11537	170	10	–	–	PUNCT
ajfa-11537	170	11	2015	2015	NUM
ajfa-11537	170	12	items	item	NOUN
ajfa-11537	170	13	mean	mean	VERB
ajfa-11537	170	14	median	median	PROPN
ajfa-11537	170	15	min	min	PROPN
ajfa-11537	170	16	.	.	PROPN
ajfa-11537	170	17	max	max	PROPN
ajfa-11537	170	18	.	.	PUNCT
ajfa-11537	171	1	std	std	PROPN
ajfa-11537	171	2	.	.	PUNCT
ajfa-11537	172	1	dev	dev	PROPN
ajfa-11537	172	2	.	.	PROPN
ajfa-11537	172	3	return	return	NOUN
ajfa-11537	172	4	(	(	PUNCT
ajfa-11537	172	5	open	open	ADJ
ajfa-11537	172	6	price	price	NOUN
ajfa-11537	172	7	)	)	PUNCT
ajfa-11537	172	8	(	(	PUNCT
ajfa-11537	172	9	%	%	INTJ
ajfa-11537	172	10	)	)	PUNCT
ajfa-11537	172	11	0.28	0.28	NUM
ajfa-11537	172	12	0.15	0.15	NUM
ajfa-11537	172	13	-0.68	-0.68	NOUN
ajfa-11537	172	14	4.04	4.04	NUM
ajfa-11537	172	15	0.55	0.55	NUM
ajfa-11537	172	16	return	return	NOUN
ajfa-11537	172	17	(	(	PUNCT
ajfa-11537	172	18	close	close	ADJ
ajfa-11537	172	19	price	price	NOUN
ajfa-11537	172	20	)	)	PUNCT
ajfa-11537	172	21	(	(	PUNCT
ajfa-11537	172	22	%	%	INTJ
ajfa-11537	172	23	)	)	PUNCT
ajfa-11537	172	24	0.29	0.29	NUM
ajfa-11537	172	25	0.15	0.15	NUM
ajfa-11537	172	26	-0.68	-0.68	NOUN
ajfa-11537	172	27	3.60	3.60	NUM
ajfa-11537	172	28	0.48	0.48	NUM
ajfa-11537	172	29	offer	offer	NOUN
ajfa-11537	172	30	for	for	ADP
ajfa-11537	172	31	sale	sale	NOUN
ajfa-11537	172	32	(	(	PUNCT
ajfa-11537	172	33	%	%	NOUN
ajfa-11537	172	34	)	)	PUNCT
ajfa-11537	172	35	0.25	0.25	NUM
ajfa-11537	172	36	0.00	0.00	NUM
ajfa-11537	172	37	0.00	0.00	NUM
ajfa-11537	172	38	1.00	1.00	NUM
ajfa-11537	172	39	0.31	0.31	NUM
ajfa-11537	172	40	osr	osr	NOUN
ajfa-11537	172	41	31.00	31.00	NUM
ajfa-11537	172	42	14.72	14.72	NUM
ajfa-11537	172	43	-0.89	-0.89	NUM
ajfa-11537	172	44	377.95	377.95	NUM
ajfa-11537	172	45	47.54	47.54	NUM
ajfa-11537	172	46	offer	offer	NOUN
ajfa-11537	172	47	size	size	NOUN
ajfa-11537	172	48	(	(	PUNCT
ajfa-11537	172	49	rm	rm	NOUN
ajfa-11537	172	50	)	)	PUNCT
ajfa-11537	172	51	1.76e+0	1.76e+0	NUM
ajfa-11537	172	52	8	8	NUM
ajfa-11537	172	53	19560000	19560000	NUM
ajfa-11537	172	54	2400000	2400000	NUM
ajfa-11537	172	55	1.25e+10	1.25e+10	NUM
ajfa-11537	172	56	9.14e+	9.14e+	NUM
ajfa-11537	172	57	08	08	NUM
ajfa-11537	173	1	mean	mean	NOUN
ajfa-11537	173	2	klci	klci	NOUN
ajfa-11537	173	3	(	(	PUNCT
ajfa-11537	173	4	%	%	INTJ
ajfa-11537	173	5	)	)	PUNCT
ajfa-11537	173	6	0.01	0.01	NUM
ajfa-11537	173	7	0.04	0.04	NUM
ajfa-11537	173	8	-1.56	-1.56	NUM
ajfa-11537	173	9	1.07	1.07	NUM
ajfa-11537	173	10	0.36	0.36	NUM
ajfa-11537	173	11	heu	heu	PROPN
ajfa-11537	173	12	.	.	PUNCT
ajfa-11537	174	1	rep	rep	PROPN
ajfa-11537	174	2	(	(	PUNCT
ajfa-11537	174	3	investor	investor	NOUN
ajfa-11537	174	4	sentiment	sentiment	NOUN
ajfa-11537	174	5	)	)	PUNCT
ajfa-11537	174	6	(	(	PUNCT
ajfa-11537	174	7	%	%	INTJ
ajfa-11537	174	8	)	)	PUNCT
ajfa-11537	174	9	0.30	0.30	NUM
ajfa-11537	174	10	0.16	0.16	NUM
ajfa-11537	174	11	-0.38	-0.38	NUM
ajfa-11537	174	12	3.17	3.17	NUM
ajfa-11537	174	13	0.43	0.43	NUM
ajfa-11537	174	14	underwriter	underwriter	NOUN
ajfa-11537	174	15	mkt	mkt	PROPN
ajfa-11537	174	16	share	share	VERB
ajfa-11537	174	17	7.80	7.80	NUM
ajfa-11537	174	18	2.70	2.70	NUM
ajfa-11537	174	19	0.00	0.00	NUM
ajfa-11537	174	20	90.80	90.80	NUM
ajfa-11537	174	21	11.78	11.78	NUM
ajfa-11537	174	22	inst	inst	NOUN
ajfa-11537	174	23	.	.	PUNCT
ajfa-11537	175	1	investor	investor	NOUN
ajfa-11537	175	2	involvement	involvement	NOUN
ajfa-11537	175	3	(	(	PUNCT
ajfa-11537	175	4	%	%	INTJ
ajfa-11537	175	5	)	)	PUNCT
ajfa-11537	175	6	0.45	0.45	NUM
ajfa-11537	175	7	0.53	0.53	NUM
ajfa-11537	175	8	0.00	0.00	NUM
ajfa-11537	175	9	1.00	1.00	NUM
ajfa-11537	175	10	0.33	0.33	NUM
ajfa-11537	175	11	lock	lock	NOUN
ajfa-11537	175	12	-	-	PUNCT
ajfa-11537	175	13	up	up	ADP
ajfa-11537	175	14	shares	share	NOUN
ajfa-11537	175	15	(	(	PUNCT
ajfa-11537	175	16	%	%	INTJ
ajfa-11537	175	17	)	)	PUNCT
ajfa-11537	175	18	0.56	0.56	NUM
ajfa-11537	175	19	0.55	0.55	NUM
ajfa-11537	175	20	0.00	0.00	NUM
ajfa-11537	175	21	0.84	0.84	NUM
ajfa-11537	175	22	0.10	0.10	NUM
ajfa-11537	175	23	note	note	NOUN
ajfa-11537	175	24	:	:	PUNCT
ajfa-11537	175	25	sample	sample	NOUN
ajfa-11537	175	26	size	size	NOUN
ajfa-11537	175	27	,	,	PUNCT
ajfa-11537	175	28	n	n	NOUN
ajfa-11537	175	29	=	=	SYM
ajfa-11537	175	30	419	419	NUM
ajfa-11537	175	31	for	for	ADP
ajfa-11537	175	32	the	the	DET
ajfa-11537	175	33	period	period	NOUN
ajfa-11537	175	34	from	from	ADP
ajfa-11537	175	35	january	january	PROPN
ajfa-11537	175	36	2000	2000	NUM
ajfa-11537	175	37	to	to	ADP
ajfa-11537	175	38	december	december	PROPN
ajfa-11537	175	39	2015	2015	NUM
ajfa-11537	175	40	.	.	PUNCT
ajfa-11537	176	1	initial	initial	ADJ
ajfa-11537	176	2	return	return	NOUN
ajfa-11537	176	3	(	(	PUNCT
ajfa-11537	176	4	return	return	NOUN
ajfa-11537	176	5	)	)	PUNCT
ajfa-11537	176	6	is	be	AUX
ajfa-11537	176	7	measured	measure	VERB
ajfa-11537	176	8	as	as	ADP
ajfa-11537	176	9	the	the	DET
ajfa-11537	176	10	percentage	percentage	NOUN
ajfa-11537	176	11	change	change	NOUN
ajfa-11537	176	12	in	in	ADP
ajfa-11537	176	13	price	price	NOUN
ajfa-11537	176	14	,	,	PUNCT
ajfa-11537	176	15	between	between	ADP
ajfa-11537	176	16	the	the	DET
ajfa-11537	176	17	closing	closing	NOUN
ajfa-11537	176	18	price	price	NOUN
ajfa-11537	176	19	on	on	ADP
ajfa-11537	176	20	the	the	DET
ajfa-11537	176	21	first	first	ADJ
ajfa-11537	176	22	day	day	NOUN
ajfa-11537	176	23	of	of	ADP
ajfa-11537	176	24	trading	trading	NOUN
ajfa-11537	176	25	and	and	CCONJ
ajfa-11537	176	26	the	the	DET
ajfa-11537	176	27	offer	offer	NOUN
ajfa-11537	176	28	price	price	NOUN
ajfa-11537	176	29	.	.	PUNCT
ajfa-11537	176	30	.	.	PUNCT
ajfa-11537	177	1	popeni	popeni	NOUN
ajfa-11537	177	2	is	be	AUX
ajfa-11537	177	3	an	an	DET
ajfa-11537	177	4	opening	opening	NOUN
ajfa-11537	177	5	price	price	NOUN
ajfa-11537	177	6	on	on	ADP
ajfa-11537	177	7	the	the	DET
ajfa-11537	177	8	first	first	ADJ
ajfa-11537	177	9	trading	trading	NOUN
ajfa-11537	177	10	day	day	NOUN
ajfa-11537	177	11	(	(	PUNCT
ajfa-11537	177	12	see	see	VERB
ajfa-11537	177	13	.	.	PUNCT
ajfa-11537	178	1	eq	eq	X
ajfa-11537	178	2	.	.	PUNCT
ajfa-11537	178	3	1a	1a	NUM
ajfa-11537	178	4	)	)	PUNCT
ajfa-11537	178	5	,	,	PUNCT
ajfa-11537	178	6	while	while	SCONJ
ajfa-11537	178	7	pcloi	pcloi	NOUN
ajfa-11537	178	8	is	be	AUX
ajfa-11537	178	9	a	a	DET
ajfa-11537	178	10	closing	closing	NOUN
ajfa-11537	178	11	price	price	NOUN
ajfa-11537	178	12	on	on	ADP
ajfa-11537	178	13	the	the	DET
ajfa-11537	178	14	first	first	ADJ
ajfa-11537	178	15	trading	trading	NOUN
ajfa-11537	178	16	day	day	NOUN
ajfa-11537	178	17	(	(	PUNCT
ajfa-11537	178	18	see	see	VERB
ajfa-11537	178	19	.	.	PUNCT
ajfa-11537	179	1	eq	eq	X
ajfa-11537	179	2	.	.	PROPN
ajfa-11537	179	3	1b	1b	NUM
ajfa-11537	179	4	)	)	PUNCT
ajfa-11537	179	5	.	.	PUNCT
ajfa-11537	180	1	both	both	DET
ajfa-11537	180	2	price	price	NOUN
ajfa-11537	180	3	is	be	AUX
ajfa-11537	180	4	used	use	VERB
ajfa-11537	180	5	to	to	PART
ajfa-11537	180	6	calculate	calculate	VERB
ajfa-11537	180	7	initial	initial	ADJ
ajfa-11537	180	8	return	return	NOUN
ajfa-11537	180	9	(	(	PUNCT
ajfa-11537	180	10	return	return	NOUN
ajfa-11537	180	11	)	)	PUNCT
ajfa-11537	180	12	.	.	PUNCT
ajfa-11537	181	1	table	table	NOUN
ajfa-11537	181	2	3	3	NUM
ajfa-11537	181	3	presents	present	NOUN
ajfa-11537	181	4	correlations	correlation	NOUN
ajfa-11537	181	5	among	among	ADP
ajfa-11537	181	6	independent	independent	ADJ
ajfa-11537	181	7	variables	variable	NOUN
ajfa-11537	181	8	which	which	PRON
ajfa-11537	181	9	are	be	AUX
ajfa-11537	181	10	below	below	ADP
ajfa-11537	181	11	0.90	0.90	NUM
ajfa-11537	181	12	cut	cut	VERB
ajfa-11537	181	13	-	-	PUNCT
ajfa-11537	181	14	off	off	ADP
ajfa-11537	181	15	point	point	NOUN
ajfa-11537	181	16	(	(	PUNCT
ajfa-11537	181	17	aeteriou	aeteriou	PROPN
ajfa-11537	181	18	&	&	CCONJ
ajfa-11537	181	19	hall	hall	PROPN
ajfa-11537	181	20	,	,	PUNCT
ajfa-11537	181	21	2007	2007	NUM
ajfa-11537	181	22	)	)	PUNCT
ajfa-11537	181	23	for	for	ADP
ajfa-11537	181	24	any	any	DET
ajfa-11537	181	25	severe	severe	ADJ
ajfa-11537	181	26	threat	threat	NOUN
ajfa-11537	181	27	of	of	ADP
ajfa-11537	181	28	multicollinearity	multicollinearity	NOUN
ajfa-11537	181	29	.	.	PUNCT
ajfa-11537	182	1	an	an	DET
ajfa-11537	182	2	exception	exception	NOUN
ajfa-11537	182	3	is	be	AUX
ajfa-11537	182	4	the	the	DET
ajfa-11537	182	5	0.268	0.268	NUM
ajfa-11537	182	6	correlation	correlation	NOUN
ajfa-11537	182	7	between	between	ADP
ajfa-11537	182	8	underwriter	underwriter	NOUN
ajfa-11537	182	9	market	market	NOUN
ajfa-11537	182	10	share	share	NOUN
ajfa-11537	182	11	and	and	CCONJ
ajfa-11537	182	12	institutional	institutional	ADJ
ajfa-11537	182	13	investor	investor	NOUN
ajfa-11537	182	14	involvement	involvement	NOUN
ajfa-11537	182	15	,	,	PUNCT
ajfa-11537	182	16	two	two	NUM
ajfa-11537	182	17	parameters	parameter	NOUN
ajfa-11537	182	18	of	of	ADP
ajfa-11537	182	19	initial	initial	ADJ
ajfa-11537	182	20	return	return	NOUN
ajfa-11537	182	21	,	,	PUNCT
ajfa-11537	182	22	which	which	PRON
ajfa-11537	182	23	indicate	indicate	VERB
ajfa-11537	182	24	the	the	DET
ajfa-11537	182	25	possibility	possibility	NOUN
ajfa-11537	182	26	of	of	ADP
ajfa-11537	182	27	high	high	ADJ
ajfa-11537	182	28	correlation	correlation	NOUN
ajfa-11537	182	29	between	between	ADP
ajfa-11537	182	30	two	two	NUM
ajfa-11537	182	31	main	main	ADJ
ajfa-11537	182	32	independent	independent	ADJ
ajfa-11537	182	33	variables	variable	NOUN
ajfa-11537	182	34	.	.	PUNCT
ajfa-11537	183	1	asian	asian	ADJ
ajfa-11537	183	2	journal	journal	PROPN
ajfa-11537	183	3	of	of	ADP
ajfa-11537	183	4	finance	finance	PROPN
ajfa-11537	183	5	&	&	CCONJ
ajfa-11537	183	6	accounting	accounting	PROPN
ajfa-11537	183	7	issn	issn	PROPN
ajfa-11537	183	8	1946	1946	NUM
ajfa-11537	183	9	-	-	PUNCT
ajfa-11537	183	10	052x	052x	PROPN
ajfa-11537	183	11	2017	2017	NUM
ajfa-11537	183	12	,	,	PUNCT
ajfa-11537	183	13	vol	vol	NOUN
ajfa-11537	183	14	.	.	NOUN
ajfa-11537	183	15	9	9	NUM
ajfa-11537	183	16	,	,	PUNCT
ajfa-11537	183	17	no	no	NOUN
ajfa-11537	183	18	.	.	NOUN
ajfa-11537	183	19	2	2	NUM
ajfa-11537	183	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	183	21	264	264	NUM
ajfa-11537	183	22	table	table	NOUN
ajfa-11537	183	23	3	3	NUM
ajfa-11537	183	24	.	.	PUNCT
ajfa-11537	183	25	correlation	correlation	NOUN
ajfa-11537	183	26	matrix	matrix	NOUN
ajfa-11537	183	27	variables	variable	VERB
ajfa-11537	183	28	1	1	NUM
ajfa-11537	183	29	2	2	NUM
ajfa-11537	183	30	3	3	NUM
ajfa-11537	183	31	4	4	NUM
ajfa-11537	183	32	5	5	NUM
ajfa-11537	183	33	6	6	NUM
ajfa-11537	183	34	7	7	NUM
ajfa-11537	183	35	8	8	NUM
ajfa-11537	183	36	9	9	NUM
ajfa-11537	183	37	10	10	NUM
ajfa-11537	183	38	1	1	NUM
ajfa-11537	183	39	.	.	PUNCT
ajfa-11537	184	1	returnopen	returnopen	VERB
ajfa-11537	184	2	1	1	NUM
ajfa-11537	184	3	0.804	0.804	NUM
ajfa-11537	184	4	-0.201	-0.201	NOUN
ajfa-11537	184	5	0.315	0.315	NUM
ajfa-11537	184	6	-0.192	-0.192	NUM
ajfa-11537	184	7	0.90	0.90	NUM
ajfa-11537	184	8	0.211	0.211	NUM
ajfa-11537	184	9	0.063	0.063	NUM
ajfa-11537	184	10	0.025	0.025	NUM
ajfa-11537	184	11	-0.140	-0.140	NOUN
ajfa-11537	184	12	2	2	NUM
ajfa-11537	184	13	.	.	PUNCT
ajfa-11537	184	14	returnclose	returnclose	ADJ
ajfa-11537	184	15	1	1	NUM
ajfa-11537	184	16	-0.208	-0.208	NOUN
ajfa-11537	184	17	0.427	0.427	NUM
ajfa-11537	184	18	-0.222	-0.222	NOUN
ajfa-11537	184	19	0.129	0.129	NUM
ajfa-11537	184	20	0.277	0.277	NUM
ajfa-11537	184	21	0.046	0.046	NUM
ajfa-11537	184	22	0.060	0.060	NUM
ajfa-11537	184	23	-0.060	-0.060	NOUN
ajfa-11537	184	24	3	3	NUM
ajfa-11537	184	25	.	.	PUNCT
ajfa-11537	184	26	ofsale	ofsale	NOUN
ajfa-11537	184	27	1	1	NUM
ajfa-11537	184	28	-0.223	-0.223	NUM
ajfa-11537	184	29	0.384	0.384	NUM
ajfa-11537	184	30	-0.001	-0.001	NOUN
ajfa-11537	184	31	-0.063	-0.063	NOUN
ajfa-11537	184	32	0.022	0.022	NUM
ajfa-11537	184	33	-0.255	-0.255	PUNCT
ajfa-11537	184	34	0.016	0.016	NUM
ajfa-11537	184	35	4	4	NUM
ajfa-11537	184	36	.	.	PUNCT
ajfa-11537	185	1	demand	demand	NOUN
ajfa-11537	185	2	1	1	NUM
ajfa-11537	185	3	-0.250	-0.250	NUM
ajfa-11537	185	4	-0.002	-0.002	PUNCT
ajfa-11537	186	1	0.178	0.178	NUM
ajfa-11537	186	2	-0.103	-0.103	NUM
ajfa-11537	186	3	0.221	0.221	NUM
ajfa-11537	186	4	-0.097	-0.097	SYM
ajfa-11537	186	5	5	5	NUM
ajfa-11537	186	6	.	.	PUNCT
ajfa-11537	186	7	supply	supply	NOUN
ajfa-11537	186	8	1	1	NUM
ajfa-11537	186	9	-0.031	-0.031	NOUN
ajfa-11537	186	10	-0.032	-0.032	ADP
ajfa-11537	186	11	0.243	0.243	NUM
ajfa-11537	186	12	-0.274	-0.274	NOUN
ajfa-11537	186	13	0.054	0.054	NUM
ajfa-11537	186	14	6	6	NUM
ajfa-11537	186	15	.	.	PUNCT
ajfa-11537	187	1	mktlook	mktlook	NOUN
ajfa-11537	187	2	1	1	NUM
ajfa-11537	187	3	0.106	0.106	NUM
ajfa-11537	187	4	-0.049	-0.049	PUNCT
ajfa-11537	187	5	0.053	0.053	NUM
ajfa-11537	187	6	-0.031	-0.031	NOUN
ajfa-11537	187	7	7	7	X
ajfa-11537	187	8	.	.	PUNCT
ajfa-11537	187	9	heurep	heurep	NOUN
ajfa-11537	187	10	1	1	NUM
ajfa-11537	187	11	0.159	0.159	NUM
ajfa-11537	187	12	-0.131	-0.131	NUM
ajfa-11537	187	13	-0.117	-0.117	PROPN
ajfa-11537	187	14	8	8	NUM
ajfa-11537	187	15	.	.	PUNCT
ajfa-11537	188	1	undrep	undrep	NOUN
ajfa-11537	188	2	1	1	NUM
ajfa-11537	188	3	-0.268	-0.268	SYM
ajfa-11537	188	4	0.028	0.028	NUM
ajfa-11537	188	5	9	9	NUM
ajfa-11537	188	6	.	.	PUNCT
ajfa-11537	188	7	insvol	insvol	NOUN
ajfa-11537	188	8	1	1	NUM
ajfa-11537	188	9	0.026	0.026	NUM
ajfa-11537	188	10	10	10	NUM
ajfa-11537	188	11	.	.	PUNCT
ajfa-11537	189	1	lurat	lurat	PROPN
ajfa-11537	189	2	1	1	NUM
ajfa-11537	189	3	notes	note	VERB
ajfa-11537	189	4	:	:	PUNCT
ajfa-11537	189	5	abbreviations	abbreviation	NOUN
ajfa-11537	189	6	returnopen	returnopen	ADJ
ajfa-11537	189	7	=	=	PUNCT
ajfa-11537	189	8	return	return	NOUN
ajfa-11537	189	9	using	use	VERB
ajfa-11537	189	10	percentage	percentage	NOUN
ajfa-11537	189	11	change	change	NOUN
ajfa-11537	189	12	in	in	ADP
ajfa-11537	189	13	opening	opening	NOUN
ajfa-11537	189	14	price	price	NOUN
ajfa-11537	189	15	on	on	ADP
ajfa-11537	189	16	the	the	DET
ajfa-11537	189	17	first	first	ADJ
ajfa-11537	189	18	day	day	NOUN
ajfa-11537	189	19	of	of	ADP
ajfa-11537	189	20	trading	trading	NOUN
ajfa-11537	189	21	and	and	CCONJ
ajfa-11537	189	22	the	the	DET
ajfa-11537	189	23	offer	offer	NOUN
ajfa-11537	189	24	price	price	NOUN
ajfa-11537	189	25	;	;	PUNCT
ajfa-11537	189	26	returnclose	returnclose	ADJ
ajfa-11537	189	27	=	=	SYM
ajfa-11537	189	28	return	return	NOUN
ajfa-11537	189	29	using	use	VERB
ajfa-11537	189	30	percentage	percentage	NOUN
ajfa-11537	189	31	change	change	NOUN
ajfa-11537	189	32	in	in	ADP
ajfa-11537	189	33	closing	closing	NOUN
ajfa-11537	189	34	price	price	NOUN
ajfa-11537	189	35	on	on	ADP
ajfa-11537	189	36	the	the	DET
ajfa-11537	189	37	first	first	ADJ
ajfa-11537	189	38	day	day	NOUN
ajfa-11537	189	39	of	of	ADP
ajfa-11537	189	40	trading	trading	NOUN
ajfa-11537	189	41	and	and	CCONJ
ajfa-11537	189	42	the	the	DET
ajfa-11537	189	43	offer	offer	NOUN
ajfa-11537	189	44	price	price	NOUN
ajfa-11537	189	45	;	;	PUNCT
ajfa-11537	189	46	ofsale	ofsale	NOUN
ajfa-11537	189	47	=	=	NOUN
ajfa-11537	189	48	offer	offer	NOUN
ajfa-11537	189	49	for	for	ADP
ajfa-11537	189	50	sale	sale	NOUN
ajfa-11537	189	51	;	;	PUNCT
ajfa-11537	189	52	demand	demand	NOUN
ajfa-11537	189	53	=	=	SYM
ajfa-11537	189	54	demanf	demanf	NOUN
ajfa-11537	189	55	of	of	ADP
ajfa-11537	189	56	ipo	ipo	NOUN
ajfa-11537	189	57	;	;	PUNCT
ajfa-11537	189	58	supply	supply	NOUN
ajfa-11537	189	59	=	=	SYM
ajfa-11537	189	60	supply	supply	NOUN
ajfa-11537	189	61	of	of	ADP
ajfa-11537	189	62	ipo	ipo	NOUN
ajfa-11537	189	63	;	;	PUNCT
ajfa-11537	189	64	mktlook	mktlook	NOUN
ajfa-11537	189	65	=	=	PUNCT
ajfa-11537	189	66	stock	stock	NOUN
ajfa-11537	189	67	market	market	NOUN
ajfa-11537	189	68	condition	condition	NOUN
ajfa-11537	189	69	;	;	PUNCT
ajfa-11537	189	70	heurep	heurep	NOUN
ajfa-11537	189	71	=	=	PUNCT
ajfa-11537	189	72	investors	investor	NOUN
ajfa-11537	189	73	sentiment	sentiment	NOUN
ajfa-11537	189	74	;	;	PUNCT
ajfa-11537	189	75	undrep	undrep	ADJ
ajfa-11537	189	76	=	=	NOUN
ajfa-11537	189	77	underwriter	underwriter	NOUN
ajfa-11537	189	78	reputation	reputation	NOUN
ajfa-11537	189	79	;	;	PUNCT
ajfa-11537	189	80	insvol	insvol	NOUN
ajfa-11537	189	81	=	=	SYM
ajfa-11537	189	82	institutional	institutional	ADJ
ajfa-11537	189	83	investors	investor	NOUN
ajfa-11537	189	84	’	'	PUNCT
ajfa-11537	189	85	involvement	involvement	NOUN
ajfa-11537	189	86	;	;	PUNCT
ajfa-11537	189	87	lurat	lurat	PROPN
ajfa-11537	189	88	=	=	NOUN
ajfa-11537	189	89	lock	lock	NOUN
ajfa-11537	189	90	-	-	PUNCT
ajfa-11537	189	91	up	up	ADP
ajfa-11537	189	92	ratio	ratio	NOUN
ajfa-11537	189	93	;	;	PUNCT
ajfa-11537	189	94	and	and	CCONJ
ajfa-11537	189	95	the	the	DET
ajfa-11537	189	96	numbers	number	NOUN
ajfa-11537	189	97	in	in	ADP
ajfa-11537	189	98	column	column	NOUN
ajfa-11537	189	99	headings	heading	NOUN
ajfa-11537	189	100	correspond	correspond	VERB
ajfa-11537	189	101	with	with	ADP
ajfa-11537	189	102	the	the	DET
ajfa-11537	189	103	number	number	NOUN
ajfa-11537	189	104	of	of	ADP
ajfa-11537	189	105	variables	variable	NOUN
ajfa-11537	189	106	in	in	ADP
ajfa-11537	189	107	row	row	NOUN
ajfa-11537	189	108	.	.	PUNCT
ajfa-11537	190	1	main	main	ADJ
ajfa-11537	190	2	empirical	empirical	ADJ
ajfa-11537	190	3	results	result	NOUN
ajfa-11537	190	4	the	the	DET
ajfa-11537	190	5	main	main	ADJ
ajfa-11537	190	6	results	result	NOUN
ajfa-11537	190	7	of	of	ADP
ajfa-11537	190	8	this	this	DET
ajfa-11537	190	9	study	study	NOUN
ajfa-11537	190	10	are	be	AUX
ajfa-11537	190	11	presented	present	VERB
ajfa-11537	190	12	in	in	ADP
ajfa-11537	190	13	table	table	NOUN
ajfa-11537	190	14	4	4	NUM
ajfa-11537	190	15	using	use	VERB
ajfa-11537	190	16	two	two	NUM
ajfa-11537	190	17	model	model	NOUN
ajfa-11537	190	18	specifications	specification	NOUN
ajfa-11537	190	19	.	.	PUNCT
ajfa-11537	191	1	model	model	NOUN
ajfa-11537	191	2	a	a	DET
ajfa-11537	191	3	reports	report	NOUN
ajfa-11537	191	4	regression	regression	NOUN
ajfa-11537	191	5	result	result	NOUN
ajfa-11537	191	6	when	when	SCONJ
ajfa-11537	191	7	the	the	DET
ajfa-11537	191	8	initial	initial	ADJ
ajfa-11537	191	9	return	return	NOUN
ajfa-11537	191	10	is	be	AUX
ajfa-11537	191	11	using	use	VERB
ajfa-11537	191	12	percentage	percentage	NOUN
ajfa-11537	191	13	change	change	NOUN
ajfa-11537	191	14	in	in	ADP
ajfa-11537	191	15	opening	opening	NOUN
ajfa-11537	191	16	price	price	NOUN
ajfa-11537	191	17	on	on	ADP
ajfa-11537	191	18	the	the	DET
ajfa-11537	191	19	first	first	ADJ
ajfa-11537	191	20	day	day	NOUN
ajfa-11537	191	21	trading	trading	NOUN
ajfa-11537	191	22	and	and	CCONJ
ajfa-11537	191	23	the	the	DET
ajfa-11537	191	24	offer	offer	NOUN
ajfa-11537	191	25	price	price	NOUN
ajfa-11537	191	26	while	while	SCONJ
ajfa-11537	191	27	model	model	PROPN
ajfa-11537	191	28	b	b	PROPN
ajfa-11537	191	29	presents	present	VERB
ajfa-11537	191	30	initial	initial	ADJ
ajfa-11537	191	31	return	return	NOUN
ajfa-11537	191	32	is	be	AUX
ajfa-11537	191	33	using	use	VERB
ajfa-11537	191	34	percentage	percentage	NOUN
ajfa-11537	191	35	change	change	NOUN
ajfa-11537	191	36	in	in	ADP
ajfa-11537	191	37	closing	closing	NOUN
ajfa-11537	191	38	price	price	NOUN
ajfa-11537	191	39	on	on	ADP
ajfa-11537	191	40	the	the	DET
ajfa-11537	191	41	first	first	ADJ
ajfa-11537	191	42	day	day	NOUN
ajfa-11537	191	43	trading	trading	NOUN
ajfa-11537	191	44	and	and	CCONJ
ajfa-11537	191	45	the	the	DET
ajfa-11537	191	46	offer	offer	NOUN
ajfa-11537	191	47	price	price	NOUN
ajfa-11537	191	48	.	.	PUNCT
ajfa-11537	192	1	to	to	PART
ajfa-11537	192	2	begin	begin	VERB
ajfa-11537	192	3	with	with	ADP
ajfa-11537	192	4	,	,	PUNCT
ajfa-11537	192	5	the	the	DET
ajfa-11537	192	6	two	two	NUM
ajfa-11537	192	7	models	model	NOUN
ajfa-11537	192	8	in	in	ADP
ajfa-11537	192	9	table	table	NOUN
ajfa-11537	192	10	4	4	NUM
ajfa-11537	192	11	satisfy	satisfy	NOUN
ajfa-11537	192	12	all	all	DET
ajfa-11537	192	13	ols	ol	NOUN
ajfa-11537	192	14	assumptions	assumption	NOUN
ajfa-11537	192	15	relating	relate	VERB
ajfa-11537	192	16	to	to	ADP
ajfa-11537	192	17	heteroskedaticity	heteroskedaticity	NOUN
ajfa-11537	192	18	(	(	PUNCT
ajfa-11537	192	19	white	white	PROPN
ajfa-11537	192	20	’s	’s	PART
ajfa-11537	192	21	general	general	ADJ
ajfa-11537	192	22	test	test	NOUN
ajfa-11537	192	23	)	)	PUNCT
ajfa-11537	192	24	and	and	CCONJ
ajfa-11537	192	25	model	model	NOUN
ajfa-11537	192	26	specification	specification	NOUN
ajfa-11537	192	27	(	(	PUNCT
ajfa-11537	192	28	ramsey	ramsey	NOUN
ajfa-11537	192	29	’	'	PUNCT
ajfa-11537	192	30	test	test	NOUN
ajfa-11537	192	31	)	)	PUNCT
ajfa-11537	192	32	.	.	PUNCT
ajfa-11537	193	1	in	in	ADP
ajfa-11537	193	2	regard	regard	NOUN
ajfa-11537	193	3	to	to	ADP
ajfa-11537	193	4	autocorrelation	autocorrelation	NOUN
ajfa-11537	193	5	,	,	PUNCT
ajfa-11537	193	6	the	the	DET
ajfa-11537	193	7	durbin	durbin	NOUN
ajfa-11537	193	8	-	-	PUNCT
ajfa-11537	193	9	watson	watson	NOUN
ajfa-11537	193	10	d	d	PROPN
ajfa-11537	193	11	statistics	statistic	NOUN
ajfa-11537	193	12	in	in	ADP
ajfa-11537	193	13	model	model	NOUN
ajfa-11537	193	14	a	a	PRON
ajfa-11537	193	15	and	and	CCONJ
ajfa-11537	193	16	model	model	NOUN
ajfa-11537	193	17	b	b	PROPN
ajfa-11537	193	18	record	record	NOUN
ajfa-11537	193	19	values	value	NOUN
ajfa-11537	193	20	of	of	ADP
ajfa-11537	193	21	less	less	ADJ
ajfa-11537	193	22	than	than	ADP
ajfa-11537	193	23	2	2	NUM
ajfa-11537	193	24	,	,	PUNCT
ajfa-11537	193	25	indicating	indicate	VERB
ajfa-11537	193	26	the	the	DET
ajfa-11537	193	27	potential	potential	ADJ
ajfa-11537	193	28	existence	existence	NOUN
ajfa-11537	193	29	of	of	ADP
ajfa-11537	193	30	autocorrelation	autocorrelation	NOUN
ajfa-11537	193	31	.	.	PUNCT
ajfa-11537	194	1	hence	hence	ADV
ajfa-11537	194	2	,	,	PUNCT
ajfa-11537	194	3	the	the	DET
ajfa-11537	194	4	newey	newey	PROPN
ajfa-11537	194	5	-	-	PUNCT
ajfa-11537	194	6	west	west	PROPN
ajfa-11537	194	7	is	be	AUX
ajfa-11537	194	8	employed	employ	VERB
ajfa-11537	194	9	to	to	PART
ajfa-11537	194	10	correct	correct	VERB
ajfa-11537	194	11	for	for	ADP
ajfa-11537	194	12	the	the	DET
ajfa-11537	194	13	threat	threat	NOUN
ajfa-11537	194	14	of	of	ADP
ajfa-11537	194	15	autocorrelation	autocorrelation	NOUN
ajfa-11537	194	16	.	.	PUNCT
ajfa-11537	195	1	overall	overall	ADV
ajfa-11537	195	2	,	,	PUNCT
ajfa-11537	195	3	model	model	VERB
ajfa-11537	195	4	a	a	DET
ajfa-11537	195	5	produces	produce	VERB
ajfa-11537	195	6	an	an	DET
ajfa-11537	195	7	adjusted	adjusted	ADJ
ajfa-11537	195	8	r	r	NOUN
ajfa-11537	195	9	-	-	PUNCT
ajfa-11537	195	10	squared	square	VERB
ajfa-11537	195	11	of	of	ADP
ajfa-11537	195	12	24.88	24.88	NUM
ajfa-11537	195	13	percent	percent	NOUN
ajfa-11537	195	14	which	which	PRON
ajfa-11537	195	15	is	be	AUX
ajfa-11537	195	16	higher	high	ADJ
ajfa-11537	195	17	than	than	ADP
ajfa-11537	195	18	an	an	DET
ajfa-11537	195	19	adjusted	adjusted	ADJ
ajfa-11537	195	20	r	r	NOUN
ajfa-11537	195	21	-	-	PUNCT
ajfa-11537	195	22	squared	square	VERB
ajfa-11537	195	23	of	of	ADP
ajfa-11537	195	24	15.45	15.45	NUM
ajfa-11537	195	25	percent	percent	NOUN
ajfa-11537	195	26	in	in	ADP
ajfa-11537	195	27	model	model	NOUN
ajfa-11537	195	28	b.	b.	PROPN
ajfa-11537	196	1	the	the	DET
ajfa-11537	196	2	two	two	NUM
ajfa-11537	196	3	figures	figure	NOUN
ajfa-11537	196	4	indicate	indicate	VERB
ajfa-11537	196	5	that	that	SCONJ
ajfa-11537	196	6	collectively	collectively	ADV
ajfa-11537	196	7	,	,	PUNCT
ajfa-11537	196	8	all	all	DET
ajfa-11537	196	9	explanatory	explanatory	ADJ
ajfa-11537	196	10	variables	variable	NOUN
ajfa-11537	196	11	tested	test	VERB
ajfa-11537	196	12	in	in	ADP
ajfa-11537	196	13	this	this	DET
ajfa-11537	196	14	study	study	NOUN
ajfa-11537	196	15	are	be	AUX
ajfa-11537	196	16	able	able	ADJ
ajfa-11537	196	17	to	to	PART
ajfa-11537	196	18	explain	explain	VERB
ajfa-11537	196	19	at	at	ADP
ajfa-11537	196	20	least	least	ADJ
ajfa-11537	196	21	the	the	DET
ajfa-11537	196	22	24.88	24.88	NUM
ajfa-11537	196	23	percent	percent	NOUN
ajfa-11537	196	24	and	and	CCONJ
ajfa-11537	196	25	15.45	15.45	NUM
ajfa-11537	196	26	percent	percent	NOUN
ajfa-11537	196	27	of	of	ADP
ajfa-11537	196	28	the	the	DET
ajfa-11537	196	29	variations	variation	NOUN
ajfa-11537	196	30	in	in	ADP
ajfa-11537	196	31	ipo	ipo	PROPN
ajfa-11537	196	32	initial	initial	ADJ
ajfa-11537	196	33	returns	return	NOUN
ajfa-11537	196	34	(	(	PUNCT
ajfa-11537	196	35	offer	offer	VERB
ajfa-11537	196	36	to	to	PART
ajfa-11537	196	37	open	open	VERB
ajfa-11537	196	38	price	price	NOUN
ajfa-11537	196	39	)	)	PUNCT
ajfa-11537	196	40	and	and	CCONJ
ajfa-11537	196	41	ipo	ipo	PROPN
ajfa-11537	196	42	initial	initial	ADJ
ajfa-11537	196	43	return	return	NOUN
ajfa-11537	196	44	(	(	PUNCT
ajfa-11537	196	45	offer	offer	VERB
ajfa-11537	196	46	to	to	PART
ajfa-11537	196	47	close	close	VERB
ajfa-11537	196	48	price	price	NOUN
ajfa-11537	196	49	)	)	PUNCT
ajfa-11537	196	50	,	,	PUNCT
ajfa-11537	196	51	accordingly	accordingly	ADV
ajfa-11537	196	52	.	.	PUNCT
ajfa-11537	197	1	the	the	DET
ajfa-11537	197	2	f	f	PROPN
ajfa-11537	197	3	-	-	PUNCT
ajfa-11537	197	4	statistics	statistic	NOUN
ajfa-11537	197	5	verufy	verufy	NOUN
ajfa-11537	197	6	the	the	DET
ajfa-11537	197	7	goodness	goodness	NOUN
ajfa-11537	197	8	-	-	PUNCT
ajfa-11537	197	9	of	of	ADP
ajfa-11537	197	10	-	-	PUNCT
ajfa-11537	197	11	fits	fit	NOUN
ajfa-11537	197	12	of	of	ADP
ajfa-11537	197	13	both	both	PRON
ajfa-11537	197	14	of	of	ADP
ajfa-11537	197	15	the	the	DET
ajfa-11537	197	16	models	model	NOUN
ajfa-11537	197	17	are	be	AUX
ajfa-11537	197	18	satisfactory	satisfactory	ADJ
ajfa-11537	197	19	(	(	PUNCT
ajfa-11537	197	20	p	p	X
ajfa-11537	197	21	<	<	X
ajfa-11537	197	22	0.01	0.01	NUM
ajfa-11537	197	23	)	)	PUNCT
ajfa-11537	197	24	.	.	PUNCT
ajfa-11537	198	1	in	in	ADP
ajfa-11537	198	2	terms	term	NOUN
ajfa-11537	198	3	of	of	ADP
ajfa-11537	198	4	the	the	DET
ajfa-11537	198	5	factors	factor	NOUN
ajfa-11537	198	6	that	that	PRON
ajfa-11537	198	7	have	have	VERB
ajfa-11537	198	8	significnt	significnt	ADJ
ajfa-11537	198	9	coefficient	coefficient	NOUN
ajfa-11537	198	10	in	in	ADP
ajfa-11537	198	11	both	both	DET
ajfa-11537	198	12	models	model	NOUN
ajfa-11537	198	13	,	,	PUNCT
ajfa-11537	198	14	only	only	ADV
ajfa-11537	198	15	lock	lock	VERB
ajfa-11537	198	16	up	up	ADP
ajfa-11537	198	17	shares	share	NOUN
ajfa-11537	198	18	do	do	AUX
ajfa-11537	198	19	not	not	PART
ajfa-11537	198	20	have	have	VERB
ajfa-11537	198	21	significant	significant	ADJ
ajfa-11537	198	22	relationship	relationship	NOUN
ajfa-11537	198	23	.	.	PUNCT
ajfa-11537	199	1	refering	refer	VERB
ajfa-11537	199	2	to	to	ADP
ajfa-11537	199	3	table	table	NOUN
ajfa-11537	199	4	4	4	NUM
ajfa-11537	199	5	,	,	PUNCT
ajfa-11537	199	6	a	a	DET
ajfa-11537	199	7	negative	negative	ADJ
ajfa-11537	199	8	coeffficient	coeffficient	NOUN
ajfa-11537	199	9	sign	sign	NOUN
ajfa-11537	199	10	for	for	ADP
ajfa-11537	199	11	offer	offer	NOUN
ajfa-11537	199	12	for	for	ADP
ajfa-11537	199	13	sale	sale	NOUN
ajfa-11537	199	14	in	in	ADP
ajfa-11537	199	15	shown	show	VERB
ajfa-11537	199	16	in	in	ADP
ajfa-11537	199	17	both	both	DET
ajfa-11537	199	18	model	model	NOUN
ajfa-11537	199	19	a	a	PRON
ajfa-11537	199	20	and	and	CCONJ
ajfa-11537	199	21	model	model	PROPN
ajfa-11537	199	22	b.	b.	PROPN
ajfa-11537	199	23	for	for	ADP
ajfa-11537	199	24	demand	demand	NOUN
ajfa-11537	199	25	,	,	PUNCT
ajfa-11537	199	26	also	also	ADV
ajfa-11537	199	27	positive	positive	ADJ
ajfa-11537	199	28	coefficient	coefficient	NOUN
ajfa-11537	199	29	sign	sign	NOUN
ajfa-11537	199	30	is	be	AUX
ajfa-11537	199	31	found	find	VERB
ajfa-11537	199	32	in	in	ADP
ajfa-11537	199	33	both	both	DET
ajfa-11537	199	34	models	model	NOUN
ajfa-11537	199	35	.	.	PUNCT
ajfa-11537	200	1	the	the	DET
ajfa-11537	200	2	result	result	NOUN
ajfa-11537	200	3	implies	imply	VERB
ajfa-11537	200	4	that	that	SCONJ
ajfa-11537	200	5	when	when	SCONJ
ajfa-11537	200	6	there	there	PRON
ajfa-11537	200	7	is	be	VERB
ajfa-11537	200	8	a	a	DET
ajfa-11537	200	9	high	high	ADJ
ajfa-11537	200	10	demand	demand	NOUN
ajfa-11537	200	11	on	on	ADP
ajfa-11537	200	12	the	the	DET
ajfa-11537	200	13	ipos	ipos	NOUN
ajfa-11537	200	14	,	,	PUNCT
ajfa-11537	200	15	it	it	PRON
ajfa-11537	200	16	will	will	AUX
ajfa-11537	200	17	influence	influence	VERB
ajfa-11537	200	18	a	a	DET
ajfa-11537	200	19	positive	positive	ADJ
ajfa-11537	200	20	return	return	NOUN
ajfa-11537	200	21	of	of	ADP
ajfa-11537	200	22	the	the	DET
ajfa-11537	200	23	asian	asian	ADJ
ajfa-11537	200	24	journal	journal	NOUN
ajfa-11537	200	25	of	of	ADP
ajfa-11537	200	26	finance	finance	PROPN
ajfa-11537	200	27	&	&	CCONJ
ajfa-11537	200	28	accounting	accounting	PROPN
ajfa-11537	200	29	issn	issn	PROPN
ajfa-11537	200	30	1946	1946	NUM
ajfa-11537	200	31	-	-	PUNCT
ajfa-11537	200	32	052x	052x	PROPN
ajfa-11537	200	33	2017	2017	NUM
ajfa-11537	200	34	,	,	PUNCT
ajfa-11537	200	35	vol	vol	NOUN
ajfa-11537	200	36	.	.	NOUN
ajfa-11537	200	37	9	9	NUM
ajfa-11537	200	38	,	,	PUNCT
ajfa-11537	200	39	no	no	NOUN
ajfa-11537	200	40	.	.	NOUN
ajfa-11537	200	41	2	2	NUM
ajfa-11537	200	42	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11537	200	43	265	265	NUM
ajfa-11537	200	44	ipos	ipos	NOUN
ajfa-11537	200	45	and	and	CCONJ
ajfa-11537	200	46	it	it	PRON
ajfa-11537	200	47	is	be	AUX
ajfa-11537	200	48	in	in	ADP
ajfa-11537	200	49	line	line	NOUN
ajfa-11537	200	50	with	with	ADP
ajfa-11537	200	51	the	the	DET
ajfa-11537	200	52	prediction	prediction	NOUN
ajfa-11537	200	53	.	.	PUNCT
ajfa-11537	201	1	while	while	SCONJ
ajfa-11537	201	2	supply	supply	NOUN
ajfa-11537	201	3	has	have	VERB
ajfa-11537	201	4	a	a	DET
ajfa-11537	201	5	negative	negative	ADJ
ajfa-11537	201	6	coefficient	coefficient	NOUN
ajfa-11537	201	7	sign	sign	NOUN
ajfa-11537	201	8	in	in	ADP
ajfa-11537	201	9	both	both	DET
ajfa-11537	201	10	models	model	NOUN
ajfa-11537	201	11	it	it	PRON
ajfa-11537	201	12	indicates	indicate	VERB
ajfa-11537	201	13	that	that	SCONJ
ajfa-11537	201	14	when	when	SCONJ
ajfa-11537	201	15	there	there	PRON
ajfa-11537	201	16	are	be	VERB
ajfa-11537	201	17	too	too	ADV
ajfa-11537	201	18	many	many	ADJ
ajfa-11537	201	19	supply	supply	NOUN
ajfa-11537	201	20	number	number	NOUN
ajfa-11537	201	21	of	of	ADP
ajfa-11537	201	22	ipos	ipos	NOUN
ajfa-11537	201	23	,	,	PUNCT
ajfa-11537	201	24	it	it	PRON
ajfa-11537	201	25	will	will	AUX
ajfa-11537	201	26	reduce	reduce	VERB
ajfa-11537	201	27	amount	amount	NOUN
ajfa-11537	201	28	of	of	ADP
ajfa-11537	201	29	initial	initial	ADJ
ajfa-11537	201	30	return	return	NOUN
ajfa-11537	201	31	of	of	ADP
ajfa-11537	201	32	the	the	DET
ajfa-11537	201	33	ipos	ipos	NOUN
ajfa-11537	201	34	.	.	PUNCT
ajfa-11537	202	1	market	market	NOUN
ajfa-11537	202	2	outlook	outlook	NOUN
ajfa-11537	202	3	also	also	ADV
ajfa-11537	202	4	have	have	VERB
ajfa-11537	202	5	a	a	DET
ajfa-11537	202	6	positive	positive	ADJ
ajfa-11537	202	7	coefficient	coefficient	NOUN
ajfa-11537	202	8	since	since	SCONJ
ajfa-11537	202	9	when	when	SCONJ
ajfa-11537	202	10	the	the	DET
ajfa-11537	202	11	market	market	NOUN
ajfa-11537	202	12	condition	condition	NOUN
ajfa-11537	202	13	is	be	AUX
ajfa-11537	202	14	stable	stable	ADJ
ajfa-11537	202	15	,	,	PUNCT
ajfa-11537	202	16	the	the	DET
ajfa-11537	202	17	ipo	ipo	NOUN
ajfa-11537	202	18	will	will	AUX
ajfa-11537	202	19	also	also	ADV
ajfa-11537	202	20	perform	perform	VERB
ajfa-11537	202	21	good	good	ADJ
ajfa-11537	202	22	since	since	SCONJ
ajfa-11537	202	23	investors	investor	NOUN
ajfa-11537	202	24	prefer	prefer	VERB
ajfa-11537	202	25	to	to	PART
ajfa-11537	202	26	invest	invest	VERB
ajfa-11537	202	27	on	on	ADP
ajfa-11537	202	28	the	the	DET
ajfa-11537	202	29	ipo	ipo	NOUN
ajfa-11537	202	30	.	.	PUNCT
ajfa-11537	203	1	similarly	similarly	ADV
ajfa-11537	203	2	important	important	ADJ
ajfa-11537	203	3	is	be	AUX
ajfa-11537	203	4	the	the	DET
ajfa-11537	203	5	finding	finding	NOUN
ajfa-11537	203	6	on	on	ADP
ajfa-11537	203	7	the	the	DET
ajfa-11537	203	8	positive	positive	ADJ
ajfa-11537	203	9	significant	significant	ADJ
ajfa-11537	203	10	relationship	relationship	NOUN
ajfa-11537	203	11	for	for	ADP
ajfa-11537	203	12	investment	investment	NOUN
ajfa-11537	203	13	sentiment	sentiment	NOUN
ajfa-11537	203	14	for	for	ADP
ajfa-11537	203	15	both	both	DET
ajfa-11537	203	16	models	model	NOUN
ajfa-11537	203	17	.	.	PUNCT
ajfa-11537	204	1	this	this	PRON
ajfa-11537	204	2	is	be	AUX
ajfa-11537	204	3	due	due	ADJ
ajfa-11537	204	4	to	to	ADP
ajfa-11537	204	5	the	the	DET
ajfa-11537	204	6	when	when	SCONJ
ajfa-11537	204	7	majority	majority	NOUN
ajfa-11537	204	8	of	of	ADP
ajfa-11537	204	9	the	the	DET
ajfa-11537	204	10	investors	investor	NOUN
ajfa-11537	204	11	have	have	VERB
ajfa-11537	204	12	a	a	DET
ajfa-11537	204	13	confidence	confidence	NOUN
ajfa-11537	204	14	towards	towards	ADP
ajfa-11537	204	15	the	the	DET
ajfa-11537	204	16	potential	potential	NOUN
ajfa-11537	204	17	of	of	ADP
ajfa-11537	204	18	the	the	DET
ajfa-11537	204	19	ipo	ipo	NOUN
ajfa-11537	204	20	,	,	PUNCT
ajfa-11537	204	21	it	it	PRON
ajfa-11537	204	22	will	will	AUX
ajfa-11537	204	23	create	create	VERB
ajfa-11537	204	24	demand	demand	NOUN
ajfa-11537	204	25	which	which	PRON
ajfa-11537	204	26	lead	lead	VERB
ajfa-11537	204	27	to	to	PART
ajfa-11537	204	28	increase	increase	VERB
ajfa-11537	204	29	in	in	ADP
ajfa-11537	204	30	price	price	NOUN
ajfa-11537	204	31	of	of	ADP
ajfa-11537	204	32	the	the	DET
ajfa-11537	204	33	ipo	ipo	NOUN
ajfa-11537	204	34	and	and	CCONJ
ajfa-11537	204	35	initial	initial	ADJ
ajfa-11537	204	36	return	return	NOUN
ajfa-11537	204	37	.	.	PUNCT
ajfa-11537	205	1	underwriter	underwriter	NOUN
ajfa-11537	205	2	reputation	reputation	NOUN
ajfa-11537	205	3	also	also	ADV
ajfa-11537	205	4	proven	prove	VERB
ajfa-11537	205	5	as	as	ADP
ajfa-11537	205	6	one	one	NUM
ajfa-11537	205	7	of	of	ADP
ajfa-11537	205	8	the	the	DET
ajfa-11537	205	9	factor	factor	NOUN
ajfa-11537	205	10	that	that	PRON
ajfa-11537	205	11	may	may	AUX
ajfa-11537	205	12	influence	influence	VERB
ajfa-11537	205	13	the	the	DET
ajfa-11537	205	14	ipo	ipo	NOUN
ajfa-11537	205	15	after	after	ADP
ajfa-11537	205	16	market	market	NOUN
ajfa-11537	205	17	performance	performance	NOUN
ajfa-11537	205	18	.	.	PUNCT
ajfa-11537	206	1	when	when	SCONJ
ajfa-11537	206	2	the	the	DET
ajfa-11537	206	3	underwriter	underwriter	NOUN
ajfa-11537	206	4	has	have	VERB
ajfa-11537	206	5	a	a	DET
ajfa-11537	206	6	good	good	ADJ
ajfa-11537	206	7	reputation	reputation	NOUN
ajfa-11537	206	8	in	in	ADP
ajfa-11537	206	9	underwritting	underwritte	VERB
ajfa-11537	206	10	the	the	DET
ajfa-11537	206	11	prospectus	prospectus	NOUN
ajfa-11537	206	12	,	,	PUNCT
ajfa-11537	206	13	it	it	PRON
ajfa-11537	206	14	might	might	AUX
ajfa-11537	206	15	attract	attract	VERB
ajfa-11537	206	16	a	a	DET
ajfa-11537	206	17	lot	lot	NOUN
ajfa-11537	206	18	of	of	ADP
ajfa-11537	206	19	potential	potential	ADJ
ajfa-11537	206	20	investors	investor	NOUN
ajfa-11537	206	21	to	to	PART
ajfa-11537	206	22	invest	invest	VERB
ajfa-11537	206	23	on	on	ADP
ajfa-11537	206	24	the	the	DET
ajfa-11537	206	25	ipo	ipo	NOUN
ajfa-11537	206	26	since	since	SCONJ
ajfa-11537	206	27	the	the	DET
ajfa-11537	206	28	prospectus	prospectus	NOUN
ajfa-11537	206	29	provide	provide	VERB
ajfa-11537	206	30	good	good	ADJ
ajfa-11537	206	31	information	information	NOUN
ajfa-11537	206	32	on	on	ADP
ajfa-11537	206	33	the	the	DET
ajfa-11537	206	34	potential	potential	NOUN
ajfa-11537	206	35	of	of	ADP
ajfa-11537	206	36	company	company	NOUN
ajfa-11537	206	37	in	in	ADP
ajfa-11537	206	38	the	the	DET
ajfa-11537	206	39	future	future	NOUN
ajfa-11537	206	40	.	.	PUNCT
ajfa-11537	207	1	however	however	ADV
ajfa-11537	207	2	,	,	PUNCT
ajfa-11537	207	3	institutional	institutional	ADJ
ajfa-11537	207	4	investors	investor	NOUN
ajfa-11537	207	5	investment	investment	NOUN
ajfa-11537	207	6	have	have	VERB
ajfa-11537	207	7	a	a	DET
ajfa-11537	207	8	negative	negative	ADJ
ajfa-11537	207	9	coefficient	coefficient	NOUN
ajfa-11537	207	10	sign	sign	NOUN
ajfa-11537	207	11	in	in	ADP
ajfa-11537	207	12	both	both	DET
ajfa-11537	207	13	models	model	NOUN
ajfa-11537	207	14	.	.	PUNCT
ajfa-11537	208	1	when	when	SCONJ
ajfa-11537	208	2	the	the	DET
ajfa-11537	208	3	institutional	institutional	ADJ
ajfa-11537	208	4	investors	investor	NOUN
ajfa-11537	208	5	invest	invest	VERB
ajfa-11537	208	6	in	in	ADP
ajfa-11537	208	7	a	a	DET
ajfa-11537	208	8	big	big	ADJ
ajfa-11537	208	9	amount	amount	NOUN
ajfa-11537	208	10	on	on	ADP
ajfa-11537	208	11	the	the	DET
ajfa-11537	208	12	ipo	ipo	NOUN
ajfa-11537	208	13	,	,	PUNCT
ajfa-11537	208	14	there	there	PRON
ajfa-11537	208	15	is	be	VERB
ajfa-11537	208	16	a	a	DET
ajfa-11537	208	17	prediction	prediction	NOUN
ajfa-11537	208	18	that	that	SCONJ
ajfa-11537	208	19	at	at	ADP
ajfa-11537	208	20	any	any	DET
ajfa-11537	208	21	time	time	NOUN
ajfa-11537	208	22	they	they	PRON
ajfa-11537	208	23	might	might	AUX
ajfa-11537	208	24	sell	sell	VERB
ajfa-11537	208	25	the	the	DET
ajfa-11537	208	26	stocks	stock	NOUN
ajfa-11537	208	27	which	which	PRON
ajfa-11537	208	28	lead	lead	VERB
ajfa-11537	208	29	to	to	ADP
ajfa-11537	208	30	big	big	ADJ
ajfa-11537	208	31	impact	impact	NOUN
ajfa-11537	208	32	towards	towards	ADP
ajfa-11537	208	33	the	the	DET
ajfa-11537	208	34	after	after	ADP
ajfa-11537	208	35	market	market	NOUN
ajfa-11537	208	36	performance	performance	NOUN
ajfa-11537	208	37	especially	especially	ADV
ajfa-11537	208	38	to	to	ADP
ajfa-11537	208	39	the	the	DET
ajfa-11537	208	40	company	company	NOUN
ajfa-11537	208	41	.	.	PUNCT
ajfa-11537	209	1	some	some	PRON
ajfa-11537	209	2	of	of	ADP
ajfa-11537	209	3	the	the	DET
ajfa-11537	209	4	investors	investor	NOUN
ajfa-11537	209	5	might	might	AUX
ajfa-11537	209	6	worried	worried	VERB
ajfa-11537	209	7	when	when	SCONJ
ajfa-11537	209	8	there	there	PRON
ajfa-11537	209	9	are	be	VERB
ajfa-11537	209	10	big	big	ADJ
ajfa-11537	209	11	percentage	percentage	NOUN
ajfa-11537	209	12	of	of	ADP
ajfa-11537	209	13	institutional	institutional	ADJ
ajfa-11537	209	14	investors	investor	NOUN
ajfa-11537	209	15	investment	investment	NOUN
ajfa-11537	209	16	on	on	ADP
ajfa-11537	209	17	the	the	DET
ajfa-11537	209	18	ipo	ipo	NOUN
ajfa-11537	209	19	.	.	PUNCT
ajfa-11537	210	1	meanwhile	meanwhile	ADV
ajfa-11537	210	2	,	,	PUNCT
ajfa-11537	210	3	the	the	DET
ajfa-11537	210	4	consistency	consistency	NOUN
ajfa-11537	210	5	between	between	ADP
ajfa-11537	210	6	results	result	NOUN
ajfa-11537	210	7	and	and	CCONJ
ajfa-11537	210	8	prediction	prediction	NOUN
ajfa-11537	210	9	is	be	AUX
ajfa-11537	210	10	also	also	ADV
ajfa-11537	210	11	found	find	VERB
ajfa-11537	210	12	in	in	ADP
ajfa-11537	210	13	both	both	DET
ajfa-11537	210	14	models	model	NOUN
ajfa-11537	210	15	for	for	ADP
ajfa-11537	210	16	lock	lock	NOUN
ajfa-11537	210	17	-	-	PUNCT
ajfa-11537	210	18	up	up	ADP
ajfa-11537	210	19	period	period	NOUN
ajfa-11537	210	20	.	.	PUNCT
ajfa-11537	211	1	the	the	DET
ajfa-11537	211	2	positive	positive	ADJ
ajfa-11537	211	3	coefficient	coefficient	NOUN
ajfa-11537	211	4	sign	sign	NOUN
ajfa-11537	211	5	suggest	suggest	VERB
ajfa-11537	211	6	that	that	SCONJ
ajfa-11537	211	7	the	the	PRON
ajfa-11537	211	8	longer	long	ADJ
ajfa-11537	211	9	the	the	DET
ajfa-11537	211	10	lock	lock	NOUN
ajfa-11537	211	11	-	-	PUNCT
ajfa-11537	211	12	up	up	ADP
ajfa-11537	211	13	period	period	NOUN
ajfa-11537	211	14	might	might	AUX
ajfa-11537	211	15	give	give	VERB
ajfa-11537	211	16	a	a	DET
ajfa-11537	211	17	good	good	ADJ
ajfa-11537	211	18	signal	signal	NOUN
ajfa-11537	211	19	on	on	ADP
ajfa-11537	211	20	the	the	DET
ajfa-11537	211	21	ipo	ipo	NOUN
ajfa-11537	211	22	after	after	ADP
ajfa-11537	211	23	market	market	NOUN
ajfa-11537	211	24	performance	performance	NOUN
ajfa-11537	211	25	.	.	PUNCT
ajfa-11537	212	1	the	the	PRON
ajfa-11537	212	2	longer	long	ADJ
ajfa-11537	212	3	the	the	DET
ajfa-11537	212	4	period	period	NOUN
ajfa-11537	212	5	of	of	ADP
ajfa-11537	212	6	the	the	DET
ajfa-11537	212	7	lock	lock	NOUN
ajfa-11537	212	8	-	-	PUNCT
ajfa-11537	212	9	up	up	NOUN
ajfa-11537	212	10	,	,	PUNCT
ajfa-11537	212	11	the	the	PRON
ajfa-11537	212	12	longer	long	ADV
ajfa-11537	212	13	the	the	DET
ajfa-11537	212	14	time	time	NOUN
ajfa-11537	212	15	period	period	NOUN
ajfa-11537	212	16	that	that	PRON
ajfa-11537	212	17	the	the	DET
ajfa-11537	212	18	promoters	promoter	NOUN
ajfa-11537	212	19	would	would	AUX
ajfa-11537	212	20	remain	remain	VERB
ajfa-11537	212	21	committed	committed	ADJ
ajfa-11537	212	22	to	to	ADP
ajfa-11537	212	23	their	their	PRON
ajfa-11537	212	24	companies	company	NOUN
ajfa-11537	212	25	.	.	PUNCT
ajfa-11537	213	1	in	in	ADP
ajfa-11537	213	2	that	that	DET
ajfa-11537	213	3	sense	sense	NOUN
ajfa-11537	213	4	,	,	PUNCT
ajfa-11537	213	5	the	the	PRON
ajfa-11537	213	6	longer	long	ADJ
ajfa-11537	213	7	the	the	DET
ajfa-11537	213	8	lock	lock	NOUN
ajfa-11537	213	9	-	-	PUNCT
ajfa-11537	213	10	up	up	ADP
ajfa-11537	213	11	period	period	NOUN
ajfa-11537	213	12	will	will	AUX
ajfa-11537	213	13	affect	affect	VERB
ajfa-11537	213	14	the	the	DET
ajfa-11537	213	15	shareholders	shareholder	NOUN
ajfa-11537	213	16	’	’	PART
ajfa-11537	213	17	interest	interest	NOUN
ajfa-11537	213	18	continues	continue	VERB
ajfa-11537	213	19	to	to	PART
ajfa-11537	213	20	be	be	AUX
ajfa-11537	213	21	aligned	align	VERB
ajfa-11537	213	22	with	with	ADP
ajfa-11537	213	23	those	those	PRON
ajfa-11537	213	24	of	of	ADP
ajfa-11537	213	25	other	other	ADJ
ajfa-11537	213	26	shareholders	shareholder	NOUN
ajfa-11537	213	27	.	.	PUNCT
ajfa-11537	214	1	new	new	ADJ
ajfa-11537	214	2	and	and	CCONJ
ajfa-11537	214	3	unaffected	unaffected	ADJ
ajfa-11537	214	4	shareholders	shareholder	NOUN
ajfa-11537	214	5	will	will	AUX
ajfa-11537	214	6	be	be	AUX
ajfa-11537	214	7	more	more	ADV
ajfa-11537	214	8	willing	willing	ADJ
ajfa-11537	214	9	to	to	PART
ajfa-11537	214	10	retain	retain	VERB
ajfa-11537	214	11	shares	share	NOUN
ajfa-11537	214	12	rather	rather	ADV
ajfa-11537	214	13	than	than	ADP
ajfa-11537	214	14	to	to	PART
ajfa-11537	214	15	sell	sell	VERB
ajfa-11537	214	16	their	their	PRON
ajfa-11537	214	17	ipos	ipos	NOUN
ajfa-11537	214	18	immediately	immediately	ADV
ajfa-11537	214	19	upon	upon	SCONJ
ajfa-11537	214	20	listing	list	VERB
ajfa-11537	214	21	.	.	PUNCT
ajfa-11537	215	1	in	in	ADP
ajfa-11537	215	2	short	short	ADJ
ajfa-11537	215	3	,	,	PUNCT
ajfa-11537	215	4	lock	lock	NOUN
ajfa-11537	215	5	-	-	PUNCT
ajfa-11537	215	6	up	up	ADP
ajfa-11537	215	7	period	period	NOUN
ajfa-11537	215	8	will	will	AUX
ajfa-11537	215	9	encourages	encourage	VERB
ajfa-11537	215	10	the	the	DET
ajfa-11537	215	11	shareholders	shareholder	NOUN
ajfa-11537	215	12	to	to	PART
ajfa-11537	215	13	remain	remain	VERB
ajfa-11537	215	14	in	in	ADP
ajfa-11537	215	15	the	the	DET
ajfa-11537	215	16	company	company	NOUN
ajfa-11537	215	17	for	for	ADP
ajfa-11537	215	18	a	a	DET
ajfa-11537	215	19	longer	long	ADJ
ajfa-11537	215	20	term	term	NOUN
ajfa-11537	215	21	rather	rather	ADV
ajfa-11537	215	22	than	than	ADP
ajfa-11537	215	23	the	the	DET
ajfa-11537	215	24	signal	signal	NOUN
ajfa-11537	215	25	that	that	PRON
ajfa-11537	215	26	reflect	reflect	VERB
ajfa-11537	215	27	the	the	DET
ajfa-11537	215	28	confidence	confidence	NOUN
ajfa-11537	215	29	of	of	ADP
ajfa-11537	215	30	investors	investor	NOUN
ajfa-11537	215	31	on	on	ADP
ajfa-11537	215	32	the	the	DET
ajfa-11537	215	33	company	company	NOUN
ajfa-11537	215	34	which	which	PRON
ajfa-11537	215	35	can	can	AUX
ajfa-11537	215	36	help	help	VERB
ajfa-11537	215	37	to	to	PART
ajfa-11537	215	38	increase	increase	VERB
ajfa-11537	215	39	the	the	DET
ajfa-11537	215	40	ipo	ipo	NOUN
ajfa-11537	215	41	initial	initial	ADJ
ajfa-11537	215	42	returns	return	NOUN
ajfa-11537	215	43	.	.	PUNCT
ajfa-11537	216	1	asian	asian	ADJ
ajfa-11537	216	2	journal	journal	PROPN
ajfa-11537	216	3	of	of	ADP
ajfa-11537	216	4	finance	finance	PROPN
ajfa-11537	216	5	&	&	CCONJ
ajfa-11537	216	6	accounting	accounting	PROPN
ajfa-11537	216	7	issn	issn	PROPN
ajfa-11537	216	8	1946	1946	NUM
ajfa-11537	216	9	-	-	PUNCT
ajfa-11537	216	10	052x	052x	PROPN
ajfa-11537	216	11	2017	2017	NUM
ajfa-11537	216	12	,	,	PUNCT
ajfa-11537	216	13	vol	vol	NOUN
ajfa-11537	216	14	.	.	NOUN
ajfa-11537	216	15	9	9	NUM
ajfa-11537	216	16	,	,	PUNCT
ajfa-11537	216	17	no	no	NOUN
ajfa-11537	216	18	.	.	NOUN
ajfa-11537	216	19	2	2	NUM
ajfa-11537	216	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	216	21	266	266	NUM
ajfa-11537	216	22	table	table	NOUN
ajfa-11537	216	23	4	4	NUM
ajfa-11537	216	24	.	.	PUNCT
ajfa-11537	217	1	regression	regression	NOUN
ajfa-11537	217	2	resutls	resutls	NOUN
ajfa-11537	217	3	on	on	ADP
ajfa-11537	217	4	the	the	DET
ajfa-11537	217	5	influence	influence	NOUN
ajfa-11537	217	6	of	of	ADP
ajfa-11537	217	7	offer	offer	NOUN
ajfa-11537	217	8	for	for	ADP
ajfa-11537	217	9	sales	sale	NOUN
ajfa-11537	217	10	on	on	ADP
ajfa-11537	217	11	ipo	ipo	PROPN
ajfa-11537	217	12	after	after	ADP
ajfa-11537	217	13	market	market	NOUN
ajfa-11537	217	14	performance	performance	NOUN
ajfa-11537	217	15	model	model	NOUN
ajfa-11537	217	16	a	a	DET
ajfa-11537	217	17	:	:	PUNCT
ajfa-11537	217	18	opening	open	VERB
ajfa-11537	217	19	price	price	NOUN
ajfa-11537	217	20	model	model	NOUN
ajfa-11537	217	21	b	b	NOUN
ajfa-11537	217	22	:	:	PUNCT
ajfa-11537	217	23	closeing	close	VERB
ajfa-11537	217	24	price	price	NOUN
ajfa-11537	217	25	variables	variable	NOUN
ajfa-11537	217	26	exp	exp	NOUN
ajfa-11537	217	27	.	.	PROPN
ajfa-11537	218	1	sign	sign	NOUN
ajfa-11537	218	2	(	(	PUNCT
ajfa-11537	218	3	return	return	NOUN
ajfa-11537	218	4	)	)	PUNCT
ajfa-11537	218	5	initial	initial	ADJ
ajfa-11537	218	6	return	return	NOUN
ajfa-11537	218	7	(	(	PUNCT
ajfa-11537	218	8	offer	offer	VERB
ajfa-11537	218	9	to	to	PART
ajfa-11537	218	10	open	open	VERB
ajfa-11537	218	11	price	price	NOUN
ajfa-11537	218	12	)	)	PUNCT
ajfa-11537	218	13	initial	initial	ADJ
ajfa-11537	218	14	return	return	NOUN
ajfa-11537	218	15	)	)	PUNCT
ajfa-11537	218	16	offer	offer	VERB
ajfa-11537	218	17	to	to	PART
ajfa-11537	218	18	close	close	VERB
ajfa-11537	218	19	price	price	NOUN
ajfa-11537	218	20	)	)	PUNCT
ajfa-11537	218	21	coefficient	coefficient	NOUN
ajfa-11537	218	22	t	t	PROPN
ajfa-11537	218	23	-	-	PUNCT
ajfa-11537	218	24	statistics	statistic	NOUN
ajfa-11537	218	25	coefficient	coefficient	PROPN
ajfa-11537	218	26	t	t	PROPN
ajfa-11537	218	27	-	-	PUNCT
ajfa-11537	218	28	statistics	statistic	NOUN
ajfa-11537	218	29	main	main	ADJ
ajfa-11537	218	30	variable	variable	ADJ
ajfa-11537	218	31	returnopen	returnopen	ADJ
ajfa-11537	218	32	returnclose	returnclose	ADJ
ajfa-11537	218	33	ofsale	ofsale	NOUN
ajfa-11537	218	34	-0.108	-0.108	PUNCT
ajfa-11537	218	35	-1.991	-1.991	PUNCT
ajfa-11537	218	36	*	*	PUNCT
ajfa-11537	218	37	-0.167	-0.167	ADJ
ajfa-11537	218	38	-2.586	-2.586	ADJ
ajfa-11537	218	39	*	*	SYM
ajfa-11537	218	40	control	control	NOUN
ajfa-11537	218	41	variables	variable	NOUN
ajfa-11537	218	42	demand	demand	VERB
ajfa-11537	218	43	+	+	CCONJ
ajfa-11537	218	44	0.004	0.004	NUM
ajfa-11537	218	45	4.309	4.309	NUM
ajfa-11537	218	46	*	*	PUNCT
ajfa-11537	218	47	-0.280	-0.280	NUM
ajfa-11537	218	48	4.704	4.704	NUM
ajfa-11537	218	49	*	*	PUNCT
ajfa-11537	218	50	supply	supply	NOUN
ajfa-11537	218	51	-0.043	-0.043	NOUN
ajfa-11537	218	52	-3.340	-3.340	NOUN
ajfa-11537	218	53	*	*	PUNCT
ajfa-11537	218	54	-0.123	-0.123	PUNCT
ajfa-11537	218	55	-3.124	-3.124	NOUN
ajfa-11537	218	56	*	*	PUNCT
ajfa-11537	218	57	mktlook	mktlook	NOUN
ajfa-11537	219	1	+	+	CCONJ
ajfa-11537	220	1	0.151	0.151	NUM
ajfa-11537	220	2	2.580	2.580	NUM
ajfa-11537	220	3	*	*	PUNCT
ajfa-11537	220	4	0.023	0.023	NUM
ajfa-11537	220	5	1.697	1.697	NUM
ajfa-11537	220	6	*	*	SYM
ajfa-11537	220	7	heurep	heurep	NOUN
ajfa-11537	220	8	+	+	CCONJ
ajfa-11537	220	9	0.197	0.197	NUM
ajfa-11537	220	10	2.151	2.151	NUM
ajfa-11537	220	11	*	*	PUNCT
ajfa-11537	220	12	-0.005	-0.005	PUNCT
ajfa-11537	221	1	1.650	1.650	NUM
ajfa-11537	221	2	*	*	PUNCT
ajfa-11537	221	3	undrep	undrep	NOUN
ajfa-11537	221	4	+	+	CCONJ
ajfa-11537	221	5	0.003	0.003	NUM
ajfa-11537	221	6	1.820	1.820	NUM
ajfa-11537	221	7	*	*	NOUN
ajfa-11537	221	8	-0.030	-0.030	PUNCT
ajfa-11537	221	9	1.808	1.808	NUM
ajfa-11537	221	10	*	*	PUNCT
ajfa-11537	221	11	insvol	insvol	NOUN
ajfa-11537	221	12	+	+	NUM
ajfa-11537	221	13	-0.006	-0.006	X
ajfa-11537	221	14	-2.900	-2.900	PRON
ajfa-11537	221	15	*	*	X
ajfa-11537	221	16	-0.035	-0.035	NOUN
ajfa-11537	221	17	-3.180	-3.180	X
ajfa-11537	221	18	*	*	PUNCT
ajfa-11537	221	19	lurat	lurat	NOUN
ajfa-11537	221	20	+	+	X
ajfa-11537	221	21	0.0017	0.0017	NUM
ajfa-11537	221	22	0.100	0.100	NUM
ajfa-11537	221	23	0.011	0.011	NUM
ajfa-11537	221	24	-1.183	-1.183	PUNCT
ajfa-11537	221	25	r²	r²	VERB
ajfa-11537	221	26	0.2631	0.2631	NUM
ajfa-11537	221	27	0.1707	0.1707	NUM
ajfa-11537	221	28	adjusted	adjust	VERB
ajfa-11537	221	29	r²	r²	NOUN
ajfa-11537	221	30	0.2488	0.2488	NUM
ajfa-11537	221	31	0.1545	0.1545	NUM
ajfa-11537	221	32	f	f	NOUN
ajfa-11537	221	33	-	-	PUNCT
ajfa-11537	221	34	statistics	statistic	NOUN
ajfa-11537	221	35	18.303	18.303	NUM
ajfa-11537	221	36	10.5477	10.5477	NUM
ajfa-11537	221	37	p	p	NOUN
ajfa-11537	221	38	-	-	PUNCT
ajfa-11537	221	39	value	value	NOUN
ajfa-11537	221	40	(	(	PUNCT
ajfa-11537	221	41	f	f	NOUN
ajfa-11537	221	42	-	-	PUNCT
ajfa-11537	221	43	stats	stat	NOUN
ajfa-11537	221	44	)	)	PUNCT
ajfa-11537	221	45	0.0000	0.0000	NUM
ajfa-11537	221	46	0.0000	0.0000	NUM
ajfa-11537	221	47	durbin	durbin	ADJ
ajfa-11537	221	48	-	-	PUNCT
ajfa-11537	221	49	watson	watson	NOUN
ajfa-11537	221	50	1.660	1.660	NUM
ajfa-11537	221	51	1.7435	1.7435	NUM
ajfa-11537	221	52	vif	vif	PROPN
ajfa-11537	221	53	range	range	PROPN
ajfa-11537	221	54	ramsey	ramsey	PROPN
ajfa-11537	221	55	test	test	NOUN
ajfa-11537	221	56	:	:	PUNCT
ajfa-11537	221	57	f	f	X
ajfa-11537	221	58	-	-	PUNCT
ajfa-11537	221	59	test	test	NOUN
ajfa-11537	221	60	statistics	statistic	NOUN
ajfa-11537	221	61	0.2866	0.2866	NUM
ajfa-11537	221	62	0.776	0.776	NUM
ajfa-11537	221	63	p	p	ADJ
ajfa-11537	221	64	-	-	PUNCT
ajfa-11537	221	65	value	value	NOUN
ajfa-11537	221	66	0.5927	0.5927	NUM
ajfa-11537	221	67	0.378	0.378	NUM
ajfa-11537	221	68	notes	note	NOUN
ajfa-11537	221	69	:	:	PUNCT
ajfa-11537	221	70	sample	sample	NOUN
ajfa-11537	221	71	size	size	NOUN
ajfa-11537	221	72	(	(	PUNCT
ajfa-11537	221	73	n	n	CCONJ
ajfa-11537	221	74	)	)	PUNCT
ajfa-11537	221	75	=	=	NOUN
ajfa-11537	221	76	419	419	NUM
ajfa-11537	221	77	.	.	PUNCT
ajfa-11537	222	1	asteriks	asteriks	PROPN
ajfa-11537	223	1	*	*	PUNCT
ajfa-11537	223	2	indicate	indicate	VERB
ajfa-11537	223	3	significant	significant	ADJ
ajfa-11537	223	4	at	at	ADP
ajfa-11537	223	5	10	10	NUM
ajfa-11537	223	6	%	%	NOUN
ajfa-11537	223	7	.	.	PUNCT
ajfa-11537	224	1	conclusion	conclusion	NOUN
ajfa-11537	224	2	and	and	CCONJ
ajfa-11537	224	3	discussion	discussion	NOUN
ajfa-11537	224	4	this	this	DET
ajfa-11537	224	5	study	study	NOUN
ajfa-11537	224	6	examines	examine	VERB
ajfa-11537	224	7	the	the	DET
ajfa-11537	224	8	impact	impact	NOUN
ajfa-11537	224	9	of	of	ADP
ajfa-11537	224	10	offer	offer	NOUN
ajfa-11537	224	11	for	for	ADP
ajfa-11537	224	12	sale	sale	NOUN
ajfa-11537	224	13	on	on	ADP
ajfa-11537	224	14	the	the	DET
ajfa-11537	224	15	ipo	ipo	NOUN
ajfa-11537	224	16	after	after	ADP
ajfa-11537	224	17	market	market	NOUN
ajfa-11537	224	18	performance	performance	NOUN
ajfa-11537	224	19	.	.	PUNCT
ajfa-11537	225	1	using	use	VERB
ajfa-11537	225	2	a	a	DET
ajfa-11537	225	3	final	final	ADJ
ajfa-11537	225	4	sample	sample	NOUN
ajfa-11537	225	5	of	of	ADP
ajfa-11537	225	6	419	419	NUM
ajfa-11537	225	7	ipos	ipos	NOUN
ajfa-11537	225	8	listed	list	VERB
ajfa-11537	225	9	in	in	ADP
ajfa-11537	225	10	bursa	bursa	PROPN
ajfa-11537	225	11	malaysia	malaysia	PROPN
ajfa-11537	225	12	for	for	ADP
ajfa-11537	225	13	the	the	DET
ajfa-11537	225	14	period	period	NOUN
ajfa-11537	225	15	from	from	ADP
ajfa-11537	225	16	january	january	PROPN
ajfa-11537	225	17	2000	2000	NUM
ajfa-11537	225	18	to	to	ADP
ajfa-11537	225	19	december	december	PROPN
ajfa-11537	225	20	2015	2015	NUM
ajfa-11537	225	21	,	,	PUNCT
ajfa-11537	225	22	this	this	DET
ajfa-11537	225	23	study	study	NOUN
ajfa-11537	225	24	contributes	contribute	VERB
ajfa-11537	225	25	to	to	ADP
ajfa-11537	225	26	the	the	DET
ajfa-11537	225	27	ipo	ipo	PROPN
ajfa-11537	225	28	literature	literature	NOUN
ajfa-11537	225	29	by	by	ADP
ajfa-11537	225	30	emphasizing	emphasize	VERB
ajfa-11537	225	31	on	on	ADP
ajfa-11537	225	32	the	the	DET
ajfa-11537	225	33	role	role	NOUN
ajfa-11537	225	34	of	of	ADP
ajfa-11537	225	35	the	the	DET
ajfa-11537	225	36	offer	offer	NOUN
ajfa-11537	225	37	for	for	ADP
ajfa-11537	225	38	sale	sale	NOUN
ajfa-11537	225	39	as	as	ADP
ajfa-11537	225	40	signalling	signal	VERB
ajfa-11537	225	41	of	of	ADP
ajfa-11537	225	42	the	the	DET
ajfa-11537	225	43	performance	performance	NOUN
ajfa-11537	225	44	of	of	ADP
ajfa-11537	225	45	the	the	DET
ajfa-11537	225	46	ipo	ipo	NOUN
ajfa-11537	225	47	after	after	ADP
ajfa-11537	225	48	market	market	NOUN
ajfa-11537	225	49	.	.	PUNCT
ajfa-11537	226	1	the	the	DET
ajfa-11537	226	2	finding	finding	NOUN
ajfa-11537	226	3	of	of	ADP
ajfa-11537	226	4	this	this	DET
ajfa-11537	226	5	study	study	NOUN
ajfa-11537	226	6	shows	show	VERB
ajfa-11537	226	7	that	that	PRON
ajfa-11537	226	8	offer	offer	VERB
ajfa-11537	226	9	for	for	ADP
ajfa-11537	226	10	sale	sale	NOUN
ajfa-11537	226	11	is	be	AUX
ajfa-11537	226	12	positively	positively	ADV
ajfa-11537	226	13	and	and	CCONJ
ajfa-11537	226	14	significantly	significantly	ADV
ajfa-11537	226	15	related	relate	VERB
ajfa-11537	226	16	to	to	ADP
ajfa-11537	226	17	ipo	ipo	NOUN
ajfa-11537	226	18	after	after	ADP
ajfa-11537	226	19	market	market	NOUN
ajfa-11537	226	20	performance	performance	NOUN
ajfa-11537	226	21	.	.	PUNCT
ajfa-11537	227	1	meanwhile	meanwhile	ADV
ajfa-11537	227	2	,	,	PUNCT
ajfa-11537	227	3	this	this	DET
ajfa-11537	227	4	study	study	NOUN
ajfa-11537	227	5	finds	find	VERB
ajfa-11537	227	6	no	no	DET
ajfa-11537	227	7	significant	significant	ADJ
ajfa-11537	227	8	relationship	relationship	NOUN
ajfa-11537	227	9	between	between	ADP
ajfa-11537	227	10	lock	lock	NOUN
ajfa-11537	227	11	-	-	PUNCT
ajfa-11537	227	12	up	up	ADP
ajfa-11537	227	13	shares	share	NOUN
ajfa-11537	227	14	although	although	SCONJ
ajfa-11537	227	15	positive	positive	ADJ
ajfa-11537	227	16	sign	sign	NOUN
ajfa-11537	227	17	for	for	ADP
ajfa-11537	227	18	lock	lock	NOUN
ajfa-11537	227	19	-	-	PUNCT
ajfa-11537	227	20	up	up	ADP
ajfa-11537	227	21	shares	share	NOUN
ajfa-11537	227	22	on	on	ADP
ajfa-11537	227	23	initial	initial	ADJ
ajfa-11537	227	24	return	return	NOUN
ajfa-11537	227	25	is	be	AUX
ajfa-11537	227	26	consistent	consistent	ADJ
ajfa-11537	227	27	to	to	ADP
ajfa-11537	227	28	the	the	DET
ajfa-11537	227	29	prediction	prediction	NOUN
ajfa-11537	227	30	.	.	PUNCT
ajfa-11537	228	1	asian	asian	ADJ
ajfa-11537	228	2	journal	journal	PROPN
ajfa-11537	228	3	of	of	ADP
ajfa-11537	228	4	finance	finance	PROPN
ajfa-11537	228	5	&	&	CCONJ
ajfa-11537	228	6	accounting	accounting	PROPN
ajfa-11537	228	7	issn	issn	PROPN
ajfa-11537	228	8	1946	1946	NUM
ajfa-11537	228	9	-	-	PUNCT
ajfa-11537	228	10	052x	052x	PROPN
ajfa-11537	228	11	2017	2017	NUM
ajfa-11537	228	12	,	,	PUNCT
ajfa-11537	228	13	vol	vol	NOUN
ajfa-11537	228	14	.	.	NOUN
ajfa-11537	228	15	9	9	NUM
ajfa-11537	228	16	,	,	PUNCT
ajfa-11537	229	1	no	no	NOUN
ajfa-11537	229	2	.	.	NOUN
ajfa-11537	229	3	2	2	NUM
ajfa-11537	229	4	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	229	5	267	267	NUM
ajfa-11537	229	6	acknowledgement	acknowledgement	NOUN
ajfa-11537	229	7	the	the	DET
ajfa-11537	229	8	authors	author	NOUN
ajfa-11537	229	9	would	would	AUX
ajfa-11537	229	10	like	like	VERB
ajfa-11537	229	11	to	to	PART
ajfa-11537	229	12	acknowledge	acknowledge	VERB
ajfa-11537	229	13	that	that	SCONJ
ajfa-11537	229	14	this	this	DET
ajfa-11537	229	15	paper	paper	NOUN
ajfa-11537	229	16	is	be	AUX
ajfa-11537	229	17	part	part	NOUN
ajfa-11537	229	18	of	of	ADP
ajfa-11537	229	19	a	a	DET
ajfa-11537	229	20	research	research	NOUN
ajfa-11537	229	21	project	project	NOUN
ajfa-11537	229	22	funded	fund	VERB
ajfa-11537	229	23	by	by	ADP
ajfa-11537	229	24	research	research	NOUN
ajfa-11537	229	25	acculturation	acculturation	NOUN
ajfa-11537	229	26	grant	grant	NOUN
ajfa-11537	229	27	scheme	scheme	NOUN
ajfa-11537	229	28	(	(	PUNCT
ajfa-11537	229	29	rags	rag	NOUN
ajfa-11537	229	30	)	)	PUNCT
ajfa-11537	229	31	awarded	award	VERB
ajfa-11537	229	32	by	by	ADP
ajfa-11537	229	33	universiti	universiti	PROPN
ajfa-11537	229	34	teknologi	teknologi	PROPN
ajfa-11537	229	35	mara	mara	PROPN
ajfa-11537	229	36	(	(	PUNCT
ajfa-11537	229	37	uitm	uitm	PROPN
ajfa-11537	229	38	)	)	PUNCT
ajfa-11537	229	39	and	and	CCONJ
ajfa-11537	229	40	ministry	ministry	PROPN
ajfa-11537	229	41	of	of	ADP
ajfa-11537	229	42	higher	high	ADJ
ajfa-11537	229	43	education	education	NOUN
ajfa-11537	229	44	,	,	PUNCT
ajfa-11537	229	45	malaysia	malaysia	PROPN
ajfa-11537	229	46	and	and	CCONJ
ajfa-11537	229	47	(	(	PUNCT
ajfa-11537	229	48	rags/1/2015	rags/1/2015	NOUN
ajfa-11537	229	49	/	/	SYM
ajfa-11537	229	50	ss01	ss01	PROPN
ajfa-11537	229	51	/	/	SYM
ajfa-11537	229	52	uitm/02/1	uitm/02/1	PROPN
ajfa-11537	229	53	)	)	PUNCT
ajfa-11537	229	54	.	.	PUNCT
ajfa-11537	230	1	references	reference	NOUN
ajfa-11537	230	2	abdul	abdul	PROPN
ajfa-11537	230	3	rahim	rahim	PROPN
ajfa-11537	230	4	,	,	PUNCT
ajfa-11537	230	5	r.	r.	PROPN
ajfa-11537	230	6	,	,	PUNCT
ajfa-11537	230	7	che	che	PROPN
ajfa-11537	230	8	embi	embi	PROPN
ajfa-11537	230	9	,	,	PUNCT
ajfa-11537	230	10	n.	n.	PROPN
ajfa-11537	230	11	a.	a.	PROPN
ajfa-11537	230	12	,	,	PUNCT
ajfa-11537	230	13	&	&	CCONJ
ajfa-11537	230	14	yong	yong	PROPN
ajfa-11537	230	15	,	,	PUNCT
ajfa-11537	230	16	o.	o.	PROPN
ajfa-11537	230	17	(	(	PUNCT
ajfa-11537	230	18	2012	2012	NUM
ajfa-11537	230	19	)	)	PUNCT
ajfa-11537	230	20	.	.	PUNCT
ajfa-11537	231	1	winner	winner	NOUN
ajfa-11537	231	2	's	's	PART
ajfa-11537	231	3	curse	curse	NOUN
ajfa-11537	231	4	and	and	CCONJ
ajfa-11537	231	5	ipo	ipo	NOUN
ajfa-11537	231	6	initial	initial	ADJ
ajfa-11537	231	7	performance	performance	NOUN
ajfa-11537	231	8	.	.	PUNCT
ajfa-11537	232	1	new	new	ADJ
ajfa-11537	232	2	evidence	evidence	NOUN
ajfa-11537	232	3	from	from	ADP
ajfa-11537	232	4	malaysia	malaysia	PROPN
ajfa-11537	232	5	.	.	PUNCT
ajfa-11537	233	1	international	international	ADJ
ajfa-11537	233	2	journal	journal	PROPN
ajfa-11537	233	3	of	of	ADP
ajfa-11537	233	4	business	business	NOUN
ajfa-11537	233	5	and	and	CCONJ
ajfa-11537	233	6	management	management	NOUN
ajfa-11537	233	7	studies	study	NOUN
ajfa-11537	233	8	,	,	PUNCT
ajfa-11537	233	9	4(2	4(2	NUM
ajfa-11537	233	10	)	)	PUNCT
ajfa-11537	233	11	,	,	PUNCT
ajfa-11537	233	12	151	151	NUM
ajfa-11537	233	13	-	-	SYM
ajfa-11537	233	14	159	159	NUM
ajfa-11537	233	15	.	.	PUNCT
ajfa-11537	234	1	abdul	abdul	PROPN
ajfa-11537	234	2	rahim	rahim	PROPN
ajfa-11537	234	3	,	,	PUNCT
ajfa-11537	234	4	r.	r.	PROPN
ajfa-11537	234	5	,	,	PUNCT
ajfa-11537	234	6	sapian	sapian	PROPN
ajfa-11537	234	7	,	,	PUNCT
ajfa-11537	234	8	r.	r.	PROPN
ajfa-11537	234	9	z.	z.	PROPN
ajfa-11537	234	10	z.	z.	PROPN
ajfa-11537	234	11	,	,	PUNCT
ajfa-11537	234	12	yong	yong	PROPN
ajfa-11537	234	13	,	,	PUNCT
ajfa-11537	234	14	o.	o.	PROPN
ajfa-11537	234	15	,	,	PUNCT
ajfa-11537	234	16	&	&	CCONJ
ajfa-11537	234	17	auzairy	auzairy	PROPN
ajfa-11537	234	18	,	,	PUNCT
ajfa-11537	234	19	n.	n.	NOUN
ajfa-11537	234	20	a.	a.	PROPN
ajfa-11537	234	21	(	(	PUNCT
ajfa-11537	234	22	2013	2013	NUM
ajfa-11537	234	23	)	)	PUNCT
ajfa-11537	234	24	.	.	PUNCT
ajfa-11537	235	1	flipping	flip	VERB
ajfa-11537	235	2	activity	activity	NOUN
ajfa-11537	235	3	and	and	CCONJ
ajfa-11537	235	4	subsequent	subsequent	ADJ
ajfa-11537	235	5	aftermarket	aftermarket	NOUN
ajfa-11537	235	6	trading	trading	NOUN
ajfa-11537	235	7	in	in	ADP
ajfa-11537	235	8	malaysian	malaysian	PROPN
ajfa-11537	235	9	ipos	ipos	PROPN
ajfa-11537	235	10	.	.	PUNCT
ajfa-11537	236	1	asian	asian	PROPN
ajfa-11537	236	2	academy	academy	PROPN
ajfa-11537	236	3	of	of	ADP
ajfa-11537	236	4	management	management	PROPN
ajfa-11537	236	5	journal	journal	PROPN
ajfa-11537	236	6	of	of	ADP
ajfa-11537	236	7	accounting	accounting	NOUN
ajfa-11537	236	8	and	and	CCONJ
ajfa-11537	236	9	finance	finance	NOUN
ajfa-11537	236	10	,	,	PUNCT
ajfa-11537	236	11	9(1	9(1	NUM
ajfa-11537	236	12	)	)	PUNCT
ajfa-11537	236	13	,	,	PUNCT
ajfa-11537	236	14	113	113	NUM
ajfa-11537	236	15	-	-	SYM
ajfa-11537	236	16	128	128	NUM
ajfa-11537	236	17	.	.	PUNCT
ajfa-11537	237	1	aggarwal	aggarwal	PROPN
ajfa-11537	237	2	,	,	PUNCT
ajfa-11537	237	3	r.	r.	PROPN
ajfa-11537	237	4	(	(	PUNCT
ajfa-11537	237	5	2003	2003	NUM
ajfa-11537	237	6	)	)	PUNCT
ajfa-11537	237	7	.	.	PUNCT
ajfa-11537	238	1	allocation	allocation	NOUN
ajfa-11537	238	2	of	of	ADP
ajfa-11537	238	3	initial	initial	ADJ
ajfa-11537	238	4	public	public	ADJ
ajfa-11537	238	5	offerings	offering	NOUN
ajfa-11537	238	6	and	and	CCONJ
ajfa-11537	238	7	flipping	flipping	NOUN
ajfa-11537	238	8	activity	activity	NOUN
ajfa-11537	238	9	.	.	PUNCT
ajfa-11537	239	1	journal	journal	NOUN
ajfa-11537	239	2	of	of	ADP
ajfa-11537	239	3	financial	financial	ADJ
ajfa-11537	239	4	economics	economic	NOUN
ajfa-11537	239	5	,	,	PUNCT
ajfa-11537	239	6	68(1	68(1	NOUN
ajfa-11537	239	7	)	)	PUNCT
ajfa-11537	239	8	,	,	PUNCT
ajfa-11537	239	9	111	111	NUM
ajfa-11537	239	10	-	-	SYM
ajfa-11537	239	11	135	135	NUM
ajfa-11537	239	12	.	.	PUNCT
ajfa-11537	240	1	https://doi.org/10.1016/s0304-405x(02)00250-7	https://doi.org/10.1016/s0304-405x(02)00250-7	PROPN
ajfa-11537	240	2	arthurs	arthurs	PROPN
ajfa-11537	240	3	,	,	PUNCT
ajfa-11537	240	4	d.	d.	PROPN
ajfa-11537	240	5	j.	j.	PROPN
ajfa-11537	240	6	,	,	PUNCT
ajfa-11537	240	7	busenitz	busenitz	PROPN
ajfa-11537	240	8	,	,	PUNCT
ajfa-11537	240	9	w.	w.	PROPN
ajfa-11537	240	10	l.	l.	PROPN
ajfa-11537	240	11	,	,	PUNCT
ajfa-11537	240	12	hockisson	hockisson	PROPN
ajfa-11537	240	13	,	,	PUNCT
ajfa-11537	240	14	e.	e.	PROPN
ajfa-11537	240	15	r.	r.	PROPN
ajfa-11537	240	16	,	,	PUNCT
ajfa-11537	240	17	&	&	CCONJ
ajfa-11537	240	18	johnson	johnson	PROPN
ajfa-11537	240	19	,	,	PUNCT
ajfa-11537	240	20	a.	a.	PROPN
ajfa-11537	240	21	r.	r.	PROPN
ajfa-11537	240	22	(	(	PUNCT
ajfa-11537	240	23	2009	2009	NUM
ajfa-11537	240	24	)	)	PUNCT
ajfa-11537	240	25	.	.	PUNCT
ajfa-11537	241	1	signaling	signal	VERB
ajfa-11537	241	2	and	and	CCONJ
ajfa-11537	241	3	initial	initial	ADJ
ajfa-11537	241	4	public	public	ADJ
ajfa-11537	241	5	offerings	offering	NOUN
ajfa-11537	241	6	:	:	PUNCT
ajfa-11537	241	7	the	the	DET
ajfa-11537	241	8	use	use	NOUN
ajfa-11537	241	9	and	and	CCONJ
ajfa-11537	241	10	impact	impact	NOUN
ajfa-11537	241	11	of	of	ADP
ajfa-11537	241	12	the	the	DET
ajfa-11537	241	13	lockup	lockup	NOUN
ajfa-11537	241	14	period	period	NOUN
ajfa-11537	241	15	.	.	PUNCT
ajfa-11537	242	1	journal	journal	NOUN
ajfa-11537	242	2	of	of	ADP
ajfa-11537	242	3	business	business	NOUN
ajfa-11537	242	4	venturing	venturing	NOUN
ajfa-11537	242	5	,	,	PUNCT
ajfa-11537	242	6	24(4	24(4	NUM
ajfa-11537	242	7	)	)	PUNCT
ajfa-11537	242	8	,	,	PUNCT
ajfa-11537	242	9	360	360	NUM
ajfa-11537	242	10	-	-	SYM
ajfa-11537	242	11	372	372	NUM
ajfa-11537	242	12	.	.	PUNCT
ajfa-11537	242	13	https://doi.org/10.1016/j.jbusvent.2008.02.004	https://doi.org/10.1016/j.jbusvent.2008.02.004	PROPN
ajfa-11537	242	14	bayley	bayley	PROPN
ajfa-11537	242	15	,	,	PUNCT
ajfa-11537	242	16	l.	l.	PROPN
ajfa-11537	242	17	,	,	PUNCT
ajfa-11537	242	18	lee	lee	PROPN
ajfa-11537	242	19	,	,	PUNCT
ajfa-11537	242	20	p.	p.	PROPN
ajfa-11537	242	21	j.	j.	PROPN
ajfa-11537	242	22	,	,	PUNCT
ajfa-11537	242	23	&	&	CCONJ
ajfa-11537	242	24	walter	walter	PROPN
ajfa-11537	242	25	,	,	PUNCT
ajfa-11537	242	26	t.	t.	PROPN
ajfa-11537	242	27	s.	s.	PROPN
ajfa-11537	242	28	(	(	PUNCT
ajfa-11537	242	29	2006	2006	NUM
ajfa-11537	242	30	)	)	PUNCT
ajfa-11537	242	31	.	.	PUNCT
ajfa-11537	243	1	ipo	ipo	PROPN
ajfa-11537	243	2	flipping	flip	VERB
ajfa-11537	243	3	in	in	ADP
ajfa-11537	243	4	australia	australia	PROPN
ajfa-11537	243	5	:	:	PUNCT
ajfa-11537	243	6	cross	cross	ADJ
ajfa-11537	243	7	-	-	ADJ
ajfa-11537	243	8	sectional	sectional	ADJ
ajfa-11537	243	9	explanations	explanation	NOUN
ajfa-11537	243	10	.	.	PUNCT
ajfa-11537	244	1	pacific	pacific	ADJ
ajfa-11537	244	2	-	-	PUNCT
ajfa-11537	244	3	basin	basin	NOUN
ajfa-11537	244	4	finance	finance	NOUN
ajfa-11537	244	5	journal	journal	NOUN
ajfa-11537	244	6	,	,	PUNCT
ajfa-11537	244	7	14(4	14(4	NUM
ajfa-11537	244	8	)	)	PUNCT
ajfa-11537	244	9	,	,	PUNCT
ajfa-11537	244	10	327	327	NUM
ajfa-11537	244	11	-	-	SYM
ajfa-11537	244	12	348	348	NUM
ajfa-11537	244	13	.	.	PUNCT
ajfa-11537	245	1	https://doi.org/10.1016/j.pacfin.2006.01.002	https://doi.org/10.1016/j.pacfin.2006.01.002	PROPN
ajfa-11537	245	2	bildik	bildik	NOUN
ajfa-11537	245	3	,	,	PUNCT
ajfa-11537	245	4	r.	r.	PROPN
ajfa-11537	245	5	,	,	PUNCT
ajfa-11537	245	6	&	&	CCONJ
ajfa-11537	245	7	yilmaz	yilmaz	PROPN
ajfa-11537	245	8	.	.	PUNCT
ajfa-11537	246	1	m.k	m.k	PROPN
ajfa-11537	246	2	.	.	PROPN
ajfa-11537	246	3	,	,	PUNCT
ajfa-11537	246	4	(	(	PUNCT
ajfa-11537	246	5	2008	2008	NUM
ajfa-11537	246	6	)	)	PUNCT
ajfa-11537	246	7	.	.	PUNCT
ajfa-11537	247	1	the	the	DET
ajfa-11537	247	2	market	market	NOUN
ajfa-11537	247	3	performance	performance	NOUN
ajfa-11537	247	4	of	of	ADP
ajfa-11537	247	5	initial	initial	ADJ
ajfa-11537	247	6	public	public	ADJ
ajfa-11537	247	7	offerings	offering	NOUN
ajfa-11537	247	8	in	in	ADP
ajfa-11537	247	9	the	the	DET
ajfa-11537	247	10	istanbul	istanbul	PROPN
ajfa-11537	247	11	stock	stock	PROPN
ajfa-11537	247	12	exchange	exchange	PROPN
ajfa-11537	247	13	.	.	PUNCT
ajfa-11537	248	1	finansal	finansal	PROPN
ajfa-11537	248	2	piyasalar	piyasalar	PROPN
ajfa-11537	248	3	,	,	PUNCT
ajfa-11537	248	4	2(2	2(2	NUM
ajfa-11537	248	5	)	)	PUNCT
ajfa-11537	248	6	,	,	PUNCT
ajfa-11537	248	7	49	49	NUM
ajfa-11537	248	8	-	-	SYM
ajfa-11537	248	9	75	75	NUM
ajfa-11537	248	10	.	.	PUNCT
ajfa-11537	249	1	che	che	PROPN
ajfa-11537	249	2	yahya	yahya	PROPN
ajfa-11537	249	3	,	,	PUNCT
ajfa-11537	249	4	n.	n.	NOUN
ajfa-11537	249	5	,	,	PUNCT
ajfa-11537	249	6	&	&	CCONJ
ajfa-11537	249	7	abdul	abdul	PROPN
ajfa-11537	249	8	rahim	rahim	PROPN
ajfa-11537	249	9	,	,	PUNCT
ajfa-11537	249	10	r.	r.	PROPN
ajfa-11537	249	11	(	(	PUNCT
ajfa-11537	249	12	2015	2015	NUM
ajfa-11537	249	13	)	)	PUNCT
ajfa-11537	249	14	.	.	PUNCT
ajfa-11537	250	1	role	role	NOUN
ajfa-11537	250	2	of	of	ADP
ajfa-11537	250	3	lockup	lockup	NOUN
ajfa-11537	250	4	provision	provision	NOUN
ajfa-11537	250	5	and	and	CCONJ
ajfa-11537	250	6	institutional	institutional	ADJ
ajfa-11537	250	7	investors‟	investors‟	NUM
ajfa-11537	250	8	participation	participation	NOUN
ajfa-11537	250	9	in	in	ADP
ajfa-11537	250	10	restricting	restrict	VERB
ajfa-11537	250	11	flipping	flipping	NOUN
ajfa-11537	250	12	activity	activity	NOUN
ajfa-11537	250	13	.	.	PUNCT
ajfa-11537	251	1	is	be	AUX
ajfa-11537	251	2	there	there	PRON
ajfa-11537	251	3	a	a	DET
ajfa-11537	251	4	moderating	moderate	VERB
ajfa-11537	251	5	effect	effect	NOUN
ajfa-11537	251	6	of	of	ADP
ajfa-11537	251	7	investor	investor	NOUN
ajfa-11537	251	8	demand	demand	NOUN
ajfa-11537	251	9	?	?	PUNCT
ajfa-11537	251	10	.	.	PUNCT
ajfa-11537	252	1	asian	asian	PROPN
ajfa-11537	252	2	academy	academy	PROPN
ajfa-11537	252	3	of	of	ADP
ajfa-11537	252	4	management	management	PROPN
ajfa-11537	252	5	journal	journal	PROPN
ajfa-11537	252	6	of	of	ADP
ajfa-11537	252	7	accounting	accounting	NOUN
ajfa-11537	252	8	and	and	CCONJ
ajfa-11537	252	9	finance	finance	NOUN
ajfa-11537	252	10	,	,	PUNCT
ajfa-11537	252	11	11(2	11(2	NOUN
ajfa-11537	252	12	)	)	PUNCT
ajfa-11537	252	13	,	,	PUNCT
ajfa-11537	252	14	1	1	NUM
ajfa-11537	252	15	-	-	SYM
ajfa-11537	252	16	29	29	NUM
ajfa-11537	252	17	.	.	PUNCT
ajfa-11537	253	1	chong	chong	PROPN
ajfa-11537	253	2	,	,	PUNCT
ajfa-11537	253	3	f.	f.	PROPN
ajfa-11537	253	4	n.	n.	PROPN
ajfa-11537	253	5	,	,	PUNCT
ajfa-11537	253	6	ahmad	ahmad	PROPN
ajfa-11537	253	7	,	,	PUNCT
ajfa-11537	253	8	z.	z.	PROPN
ajfa-11537	253	9	,	,	PUNCT
ajfa-11537	253	10	&	&	CCONJ
ajfa-11537	253	11	ali	ali	PROPN
ajfa-11537	253	12	,	,	PUNCT
ajfa-11537	253	13	r.	r.	PROPN
ajfa-11537	253	14	(	(	PUNCT
ajfa-11537	253	15	2011	2011	NUM
ajfa-11537	253	16	)	)	PUNCT
ajfa-11537	253	17	.	.	PUNCT
ajfa-11537	254	1	representative	representative	ADJ
ajfa-11537	254	2	heuristics	heuristic	NOUN
ajfa-11537	254	3	and	and	CCONJ
ajfa-11537	254	4	the	the	DET
ajfa-11537	254	5	aftermarket	aftermarket	NOUN
ajfa-11537	254	6	dynamics	dynamic	NOUN
ajfa-11537	254	7	of	of	ADP
ajfa-11537	254	8	the	the	DET
ajfa-11537	254	9	new	new	ADJ
ajfa-11537	254	10	listings	listing	NOUN
ajfa-11537	254	11	in	in	ADP
ajfa-11537	254	12	malaysia	malaysia	PROPN
ajfa-11537	254	13	.	.	PUNCT
ajfa-11537	255	1	labuan	labuan	PROPN
ajfa-11537	255	2	bulletin	bulletin	NOUN
ajfa-11537	255	3	of	of	ADP
ajfa-11537	255	4	international	international	ADJ
ajfa-11537	255	5	business	business	NOUN
ajfa-11537	255	6	and	and	CCONJ
ajfa-11537	255	7	finance	finance	NOUN
ajfa-11537	255	8	,	,	PUNCT
ajfa-11537	255	9	9	9	NUM
ajfa-11537	255	10	,	,	PUNCT
ajfa-11537	255	11	1	1	NUM
ajfa-11537	255	12	-	-	SYM
ajfa-11537	255	13	11	11	NUM
ajfa-11537	255	14	.	.	PUNCT
ajfa-11537	256	1	chong	chong	PROPN
ajfa-11537	256	2	,	,	PUNCT
ajfa-11537	256	3	f.	f.	PROPN
ajfa-11537	256	4	n.	n.	PROPN
ajfa-11537	256	5	,	,	PUNCT
ajfa-11537	256	6	ali	ali	PROPN
ajfa-11537	256	7	,	,	PUNCT
ajfa-11537	256	8	r.	r.	PROPN
ajfa-11537	256	9	,	,	PUNCT
ajfa-11537	256	10	&	&	CCONJ
ajfa-11537	256	11	ahmad	ahmad	PROPN
ajfa-11537	256	12	,	,	PUNCT
ajfa-11537	256	13	z.	z.	PROPN
ajfa-11537	256	14	(	(	PUNCT
ajfa-11537	256	15	2009	2009	NUM
ajfa-11537	256	16	)	)	PUNCT
ajfa-11537	256	17	.	.	PUNCT
ajfa-11537	257	1	does	do	AUX
ajfa-11537	257	2	noise	noise	NOUN
ajfa-11537	257	3	signal	signal	NOUN
ajfa-11537	257	4	affect	affect	VERB
ajfa-11537	257	5	flipping	flipping	NOUN
ajfa-11537	257	6	activities	activity	NOUN
ajfa-11537	257	7	.	.	PUNCT
ajfa-11537	258	1	international	international	ADJ
ajfa-11537	258	2	journal	journal	NOUN
ajfa-11537	258	3	of	of	ADP
ajfa-11537	258	4	banking	banking	NOUN
ajfa-11537	258	5	and	and	CCONJ
ajfa-11537	258	6	finance	finance	NOUN
ajfa-11537	258	7	,	,	PUNCT
ajfa-11537	258	8	6(2	6(2	NUM
ajfa-11537	258	9	)	)	PUNCT
ajfa-11537	258	10	,	,	PUNCT
ajfa-11537	258	11	111	111	NUM
ajfa-11537	258	12	-	-	SYM
ajfa-11537	258	13	127	127	NUM
ajfa-11537	258	14	.	.	PUNCT
ajfa-11537	259	1	fang	fang	PROPN
ajfa-11537	259	2	,	,	PUNCT
ajfa-11537	259	3	l.	l.	PROPN
ajfa-11537	259	4	h.	h.	PROPN
ajfa-11537	259	5	(	(	PUNCT
ajfa-11537	259	6	2005	2005	NUM
ajfa-11537	259	7	)	)	PUNCT
ajfa-11537	259	8	.	.	PUNCT
ajfa-11537	260	1	investment	investment	NOUN
ajfa-11537	260	2	bank	bank	NOUN
ajfa-11537	260	3	reputation	reputation	NOUN
ajfa-11537	260	4	and	and	CCONJ
ajfa-11537	260	5	the	the	DET
ajfa-11537	260	6	price	price	NOUN
ajfa-11537	260	7	and	and	CCONJ
ajfa-11537	260	8	quality	quality	NOUN
ajfa-11537	260	9	of	of	ADP
ajfa-11537	260	10	underwriting	underwriting	NOUN
ajfa-11537	260	11	services	service	NOUN
ajfa-11537	260	12	.	.	PUNCT
ajfa-11537	261	1	journal	journal	PROPN
ajfa-11537	261	2	of	of	ADP
ajfa-11537	261	3	finance	finance	NOUN
ajfa-11537	261	4	,	,	PUNCT
ajfa-11537	261	5	60(6	60(6	NOUN
ajfa-11537	261	6	)	)	PUNCT
ajfa-11537	261	7	,	,	PUNCT
ajfa-11537	261	8	2729	2729	NUM
ajfa-11537	261	9	-	-	SYM
ajfa-11537	261	10	2761	2761	NUM
ajfa-11537	261	11	.	.	PUNCT
ajfa-11537	262	1	https://doi.org/10.1111/j.1540-6261.2005.00815.x	https://doi.org/10.1111/j.1540-6261.2005.00815.x	NOUN
ajfa-11537	262	2	garfinkel	garfinkel	NOUN
ajfa-11537	262	3	.	.	PUNCT
ajfa-11537	263	1	(	(	PUNCT
ajfa-11537	263	2	1993	1993	NUM
ajfa-11537	263	3	)	)	PUNCT
ajfa-11537	263	4	.	.	PUNCT
ajfa-11537	264	1	ipo	ipo	PROPN
ajfa-11537	264	2	underpricing	underpricing	NOUN
ajfa-11537	264	3	,	,	PUNCT
ajfa-11537	264	4	insider	insider	NOUN
ajfa-11537	264	5	selling	selling	NOUN
ajfa-11537	264	6	and	and	CCONJ
ajfa-11537	264	7	subsequent	subsequent	ADJ
ajfa-11537	264	8	equity	equity	NOUN
ajfa-11537	264	9	offerings	offering	NOUN
ajfa-11537	264	10	:	:	PUNCT
ajfa-11537	264	11	is	be	AUX
ajfa-11537	264	12	underpricing	underprice	VERB
ajfa-11537	264	13	a	a	DET
ajfa-11537	264	14	signal	signal	NOUN
ajfa-11537	264	15	of	of	ADP
ajfa-11537	264	16	quality	quality	NOUN
ajfa-11537	264	17	?	?	PUNCT
ajfa-11537	265	1	financial	financial	ADJ
ajfa-11537	265	2	management	management	NOUN
ajfa-11537	265	3	,	,	PUNCT
ajfa-11537	265	4	22(1	22(1	NUM
ajfa-11537	265	5	)	)	PUNCT
ajfa-11537	265	6	,	,	PUNCT
ajfa-11537	265	7	74	74	NUM
ajfa-11537	265	8	-	-	SYM
ajfa-11537	265	9	83	83	NUM
ajfa-11537	265	10	.	.	PUNCT
ajfa-11537	266	1	asian	asian	ADJ
ajfa-11537	266	2	journal	journal	PROPN
ajfa-11537	266	3	of	of	ADP
ajfa-11537	266	4	finance	finance	PROPN
ajfa-11537	266	5	&	&	CCONJ
ajfa-11537	266	6	accounting	accounting	PROPN
ajfa-11537	266	7	issn	issn	PROPN
ajfa-11537	266	8	1946	1946	NUM
ajfa-11537	266	9	-	-	PUNCT
ajfa-11537	266	10	052x	052x	PROPN
ajfa-11537	266	11	2017	2017	NUM
ajfa-11537	266	12	,	,	PUNCT
ajfa-11537	266	13	vol	vol	NOUN
ajfa-11537	266	14	.	.	NOUN
ajfa-11537	266	15	9	9	NUM
ajfa-11537	266	16	,	,	PUNCT
ajfa-11537	266	17	no	no	NOUN
ajfa-11537	266	18	.	.	NOUN
ajfa-11537	266	19	2	2	NUM
ajfa-11537	266	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11537	266	21	268	268	NUM
ajfa-11537	266	22	georgen	georgen	NOUN
ajfa-11537	266	23	,	,	PUNCT
ajfa-11537	266	24	m.	m.	NOUN
ajfa-11537	266	25	,	,	PUNCT
ajfa-11537	266	26	renneboog	renneboog	NOUN
ajfa-11537	266	27	,	,	PUNCT
ajfa-11537	266	28	l.	l.	PROPN
ajfa-11537	266	29	,	,	PUNCT
ajfa-11537	266	30	&	&	CCONJ
ajfa-11537	266	31	khurshed	khurshe	VERB
ajfa-11537	266	32	,	,	PUNCT
ajfa-11537	266	33	a.	a.	NOUN
ajfa-11537	266	34	(	(	PUNCT
ajfa-11537	266	35	2006	2006	NUM
ajfa-11537	266	36	)	)	PUNCT
ajfa-11537	266	37	.	.	PUNCT
ajfa-11537	267	1	explaining	explain	VERB
ajfa-11537	267	2	the	the	DET
ajfa-11537	267	3	diversity	diversity	NOUN
ajfa-11537	267	4	in	in	ADP
ajfa-11537	267	5	shareholders	shareholder	NOUN
ajfa-11537	267	6	lockup	lockup	NOUN
ajfa-11537	267	7	agreements	agreement	NOUN
ajfa-11537	267	8	.	.	PUNCT
ajfa-11537	268	1	journal	journal	NOUN
ajfa-11537	268	2	of	of	ADP
ajfa-11537	268	3	financial	financial	ADJ
ajfa-11537	268	4	intermediation	intermediation	NOUN
ajfa-11537	268	5	,	,	PUNCT
ajfa-11537	268	6	15(2	15(2	NUM
ajfa-11537	268	7	)	)	PUNCT
ajfa-11537	268	8	,	,	PUNCT
ajfa-11537	268	9	254	254	NUM
ajfa-11537	268	10	-	-	SYM
ajfa-11537	268	11	280	280	NUM
ajfa-11537	268	12	.	.	PUNCT
ajfa-11537	269	1	https://doi.org/10.1016/j.jfi.2005.10.001	https://doi.org/10.1016/j.jfi.2005.10.001	NOUN
ajfa-11537	269	2	gounopoulos	gounopoulos	PROPN
ajfa-11537	269	3	,	,	PUNCT
ajfa-11537	269	4	d.	d.	PROPN
ajfa-11537	269	5	(	(	PUNCT
ajfa-11537	269	6	2006	2006	NUM
ajfa-11537	269	7	)	)	PUNCT
ajfa-11537	269	8	.	.	PUNCT
ajfa-11537	270	1	activity	activity	NOUN
ajfa-11537	270	2	in	in	ADP
ajfa-11537	270	3	fixed	fix	VERB
ajfa-11537	270	4	offer	offer	NOUN
ajfa-11537	270	5	price	price	NOUN
ajfa-11537	270	6	mechanism	mechanism	NOUN
ajfa-11537	270	7	allocated	allocate	VERB
ajfa-11537	270	8	ipos	ipos	NOUN
ajfa-11537	270	9	.	.	PUNCT
ajfa-11537	271	1	working	work	VERB
ajfa-11537	271	2	paper	paper	NOUN
ajfa-11537	271	3	.	.	PUNCT
ajfa-11537	272	1	university	university	NOUN
ajfa-11537	272	2	of	of	ADP
ajfa-11537	272	3	surrey	surrey	PROPN
ajfa-11537	272	4	.	.	PUNCT
ajfa-11537	273	1	united	united	PROPN
ajfa-11537	273	2	kingdom	kingdom	PROPN
ajfa-11537	273	3	.	.	PUNCT
ajfa-11537	274	1	1	1	NUM
ajfa-11537	274	2	-	-	SYM
ajfa-11537	274	3	24	24	NUM
ajfa-11537	274	4	.	.	PUNCT
ajfa-11537	275	1	https://doi.org/10.1016/b978-075067975-6.50014-1	https://doi.org/10.1016/b978-075067975-6.50014-1	PROPN
ajfa-11537	275	2	hakim	hakim	PROPN
ajfa-11537	275	3	,	,	PUNCT
ajfa-11537	275	4	t.	t.	PROPN
ajfa-11537	275	5	,	,	PUNCT
ajfa-11537	275	6	lypny	lypny	NOUN
ajfa-11537	275	7	,	,	PUNCT
ajfa-11537	275	8	g.	g.	PROPN
ajfa-11537	275	9	,	,	PUNCT
ajfa-11537	275	10	&	&	CCONJ
ajfa-11537	275	11	bhabra	bhabra	PROPN
ajfa-11537	275	12	,	,	PUNCT
ajfa-11537	275	13	h.	h.	PROPN
ajfa-11537	275	14	s.	s.	PROPN
ajfa-11537	275	15	(	(	PUNCT
ajfa-11537	275	16	2012	2012	NUM
ajfa-11537	275	17	)	)	PUNCT
ajfa-11537	275	18	.	.	PUNCT
ajfa-11537	276	1	ipo	ipo	NOUN
ajfa-11537	276	2	lockup	lockup	NOUN
ajfa-11537	276	3	expiration	expiration	NOUN
ajfa-11537	276	4	in	in	ADP
ajfa-11537	276	5	the	the	DET
ajfa-11537	276	6	middle	middle	PROPN
ajfa-11537	276	7	east	east	PROPN
ajfa-11537	276	8	and	and	CCONJ
ajfa-11537	276	9	north	north	PROPN
ajfa-11537	276	10	africa	africa	PROPN
ajfa-11537	276	11	.	.	PUNCT
ajfa-11537	277	1	journal	journal	PROPN
ajfa-11537	277	2	of	of	ADP
ajfa-11537	277	3	multinational	multinational	ADJ
ajfa-11537	277	4	financial	financial	ADJ
ajfa-11537	277	5	management	management	NOUN
ajfa-11537	277	6	,	,	PUNCT
ajfa-11537	277	7	22(5	22(5	NOUN
ajfa-11537	277	8	)	)	PUNCT
ajfa-11537	277	9	,	,	PUNCT
ajfa-11537	277	10	252	252	NUM
ajfa-11537	277	11	-	-	SYM
ajfa-11537	277	12	262	262	NUM
ajfa-11537	277	13	.	.	PUNCT
ajfa-11537	278	1	https://doi.org/10.1016/j.mulfin.2012.06.005	https://doi.org/10.1016/j.mulfin.2012.06.005	PROPN
ajfa-11537	278	2	islam	islam	PROPN
ajfa-11537	278	3	,	,	PUNCT
ajfa-11537	278	4	m.	m.	PROPN
ajfa-11537	278	5	s.	s.	PROPN
ajfa-11537	278	6	,	,	PUNCT
ajfa-11537	278	7	&	&	CCONJ
ajfa-11537	278	8	munira	munira	PROPN
ajfa-11537	278	9	s.	s.	PROPN
ajfa-11537	278	10	(	(	PUNCT
ajfa-11537	278	11	2004	2004	NUM
ajfa-11537	278	12	)	)	PUNCT
ajfa-11537	278	13	.	.	PUNCT
ajfa-11537	279	1	ipo	ipo	PROPN
ajfa-11537	279	2	flipping	flipping	NOUN
ajfa-11537	279	3	and	and	CCONJ
ajfa-11537	279	4	its	its	PRON
ajfa-11537	279	5	determinants	determinant	NOUN
ajfa-11537	279	6	in	in	ADP
ajfa-11537	279	7	bangladesh	bangladesh	NOUN
ajfa-11537	279	8	.	.	PUNCT
ajfa-11537	280	1	dhaka	dhaka	PROPN
ajfa-11537	280	2	university	university	PROPN
ajfa-11537	280	3	journal	journal	PROPN
ajfa-11537	280	4	of	of	ADP
ajfa-11537	280	5	business	business	NOUN
ajfa-11537	280	6	studies	study	NOUN
ajfa-11537	280	7	,	,	PUNCT
ajfa-11537	280	8	25(1	25(1	NUM
ajfa-11537	280	9	)	)	PUNCT
ajfa-11537	280	10	,	,	PUNCT
ajfa-11537	280	11	1	1	NUM
ajfa-11537	280	12	-	-	SYM
ajfa-11537	280	13	23	23	NUM
ajfa-11537	280	14	.	.	PUNCT
ajfa-11537	281	1	kavita	kavita	PROPN
ajfa-11537	281	2	w	w	PROPN
ajfa-11537	281	3	,	,	PUNCT
ajfa-11537	281	4	v.	v.	PROPN
ajfa-11537	281	5	,	,	PUNCT
ajfa-11537	281	6	nagi	nagi	PROPN
ajfa-11537	281	7	r	r	PROPN
ajfa-11537	281	8	,	,	PUNCT
ajfa-11537	281	9	a	a	DET
ajfa-11537	281	10	,	,	PUNCT
ajfa-11537	281	11	abdulkadir	abdulkadir	ADJ
ajfa-11537	281	12	m.	m.	NOUN
ajfa-11537	281	13	,	,	PUNCT
ajfa-11537	281	14	(	(	PUNCT
ajfa-11537	281	15	2016	2016	NUM
ajfa-11537	281	16	)	)	PUNCT
ajfa-11537	281	17	ipo	ipo	NOUN
ajfa-11537	281	18	and	and	CCONJ
ajfa-11537	281	19	seos	seo	NOUN
ajfa-11537	281	20	,	,	PUNCT
ajfa-11537	281	21	real	real	ADJ
ajfa-11537	281	22	investments	investment	NOUN
ajfa-11537	281	23	,	,	PUNCT
ajfa-11537	281	24	and	and	CCONJ
ajfa-11537	281	25	market	market	NOUN
ajfa-11537	281	26	timing	timing	NOUN
ajfa-11537	281	27	:	:	PUNCT
ajfa-11537	281	28	emerging	emerge	VERB
ajfa-11537	281	29	market	market	NOUN
ajfa-11537	281	30	evidence	evidence	NOUN
ajfa-11537	281	31	.	.	PUNCT
ajfa-11537	282	1	journal	journal	NOUN
ajfa-11537	282	2	of	of	ADP
ajfa-11537	282	3	intenational	intenational	ADJ
ajfa-11537	282	4	financial	financial	ADJ
ajfa-11537	282	5	markets	market	NOUN
ajfa-11537	282	6	,	,	PUNCT
ajfa-11537	282	7	institutional	institutional	ADJ
ajfa-11537	282	8	and	and	CCONJ
ajfa-11537	282	9	money	money	NOUN
ajfa-11537	282	10	,	,	PUNCT
ajfa-11537	282	11	45	45	NUM
ajfa-11537	282	12	,	,	PUNCT
ajfa-11537	282	13	21	21	NUM
ajfa-11537	282	14	-	-	SYM
ajfa-11537	282	15	41	41	NUM
ajfa-11537	282	16	.	.	PUNCT
ajfa-11537	283	1	https://doi.org/10.1016/j.intfin.2016.05.007	https://doi.org/10.1016/j.intfin.2016.05.007	PROPN
ajfa-11537	283	2	mohan	mohan	PROPN
ajfa-11537	283	3	,	,	PUNCT
ajfa-11537	283	4	j.	j.	PROPN
ajfa-11537	283	5	n.	n.	PROPN
ajfa-11537	283	6	,	,	PUNCT
ajfa-11537	283	7	&	&	CCONJ
ajfa-11537	283	8	chen	chen	PROPN
ajfa-11537	283	9	,	,	PUNCT
ajfa-11537	283	10	r.	r.	PROPN
ajfa-11537	283	11	c.	c.	PROPN
ajfa-11537	283	12	(	(	PUNCT
ajfa-11537	283	13	2001	2001	NUM
ajfa-11537	283	14	)	)	PUNCT
ajfa-11537	283	15	.	.	PUNCT
ajfa-11537	284	1	information	information	NOUN
ajfa-11537	284	2	content	content	NOUN
ajfa-11537	284	3	of	of	ADP
ajfa-11537	284	4	lock	lock	NOUN
ajfa-11537	284	5	-	-	PUNCT
ajfa-11537	284	6	up	up	ADP
ajfa-11537	284	7	provision	provision	NOUN
ajfa-11537	284	8	in	in	ADP
ajfa-11537	284	9	initial	initial	ADJ
ajfa-11537	284	10	public	public	ADJ
ajfa-11537	284	11	offerings	offering	NOUN
ajfa-11537	284	12	.	.	PUNCT
ajfa-11537	285	1	international	international	ADJ
ajfa-11537	285	2	review	review	NOUN
ajfa-11537	285	3	of	of	ADP
ajfa-11537	285	4	economics	economic	NOUN
ajfa-11537	285	5	and	and	CCONJ
ajfa-11537	285	6	finance	finance	NOUN
ajfa-11537	285	7	,	,	PUNCT
ajfa-11537	285	8	10(1	10(1	NUM
ajfa-11537	285	9	)	)	PUNCT
ajfa-11537	285	10	,	,	PUNCT
ajfa-11537	285	11	41	41	NUM
ajfa-11537	285	12	-	-	SYM
ajfa-11537	285	13	59	59	NUM
ajfa-11537	285	14	.	.	PUNCT
ajfa-11537	286	1	https://doi.org/10.1016/s1059-0560(00)00070-8	https://doi.org/10.1016/s1059-0560(00)00070-8	PROPN
ajfa-11537	286	2	mohd	mohd	PROPN
ajfa-11537	286	3	rashid	rashid	PROPN
ajfa-11537	286	4	,	,	PUNCT
ajfa-11537	286	5	r.	r.	PROPN
ajfa-11537	286	6	,	,	PUNCT
ajfa-11537	286	7	abdul	abdul	PROPN
ajfa-11537	286	8	rahim	rahim	PROPN
ajfa-11537	286	9	,	,	PUNCT
ajfa-11537	286	10	r.	r.	PROPN
ajfa-11537	286	11	,	,	PUNCT
ajfa-11537	286	12	&	&	CCONJ
ajfa-11537	286	13	che	che	PROPN
ajfa-11537	286	14	-	-	NOUN
ajfa-11537	286	15	yahya	yahya	PROPN
ajfa-11537	286	16	,	,	PUNCT
ajfa-11537	286	17	n.	n.	NOUN
ajfa-11537	286	18	(	(	PUNCT
ajfa-11537	286	19	2016	2016	NUM
ajfa-11537	286	20	)	)	PUNCT
ajfa-11537	286	21	.	.	PUNCT
ajfa-11537	287	1	shareholder	shareholder	NOUN
ajfa-11537	287	2	retention	retention	NOUN
ajfa-11537	287	3	influence	influence	NOUN
ajfa-11537	287	4	on	on	ADP
ajfa-11537	287	5	the	the	DET
ajfa-11537	287	6	flipping	flip	VERB
ajfa-11537	287	7	activity	activity	NOUN
ajfa-11537	287	8	of	of	ADP
ajfa-11537	287	9	malaysian	malaysian	ADJ
ajfa-11537	287	10	ipos	ipos	PROPN
ajfa-11537	287	11	.	.	PUNCT
ajfa-11537	288	1	pertanika	pertanika	PROPN
ajfa-11537	288	2	journal	journal	PROPN
ajfa-11537	288	3	of	of	ADP
ajfa-11537	288	4	social	social	ADJ
ajfa-11537	288	5	science	science	NOUN
ajfa-11537	288	6	and	and	CCONJ
ajfa-11537	288	7	humanity	humanity	NOUN
ajfa-11537	288	8	.	.	PUNCT
ajfa-11537	289	1	24(s	24(s	NUM
ajfa-11537	290	1	)	)	PUNCT
ajfa-11537	290	2	,	,	PUNCT
ajfa-11537	290	3	133	133	NUM
ajfa-11537	290	4	144	144	NUM
ajfa-11537	290	5	.	.	PUNCT
ajfa-11537	291	1	mohd	mohd	PROPN
ajfa-11537	291	2	rashid	rashid	PROPN
ajfa-11537	291	3	,	,	PUNCT
ajfa-11537	291	4	r.	r.	PROPN
ajfa-11537	291	5	,	,	PUNCT
ajfa-11537	291	6	abdul	abdul	PROPN
ajfa-11537	291	7	rahim	rahim	PROPN
ajfa-11537	291	8	,	,	PUNCT
ajfa-11537	291	9	r.	r.	PROPN
ajfa-11537	291	10	,	,	PUNCT
ajfa-11537	291	11	&	&	CCONJ
ajfa-11537	291	12	yong	yong	PROPN
ajfa-11537	291	13	,	,	PUNCT
ajfa-11537	291	14	o.	o.	PROPN
ajfa-11537	291	15	(	(	PUNCT
ajfa-11537	291	16	2014	2014	NUM
ajfa-11537	291	17	)	)	PUNCT
ajfa-11537	291	18	.	.	PUNCT
ajfa-11537	292	1	the	the	DET
ajfa-11537	292	2	influence	influence	NOUN
ajfa-11537	292	3	of	of	ADP
ajfa-11537	292	4	lock	lock	NOUN
ajfa-11537	292	5	-	-	PUNCT
ajfa-11537	292	6	up	up	ADP
ajfa-11537	292	7	provisions	provision	NOUN
ajfa-11537	292	8	on	on	ADP
ajfa-11537	292	9	ipo	ipo	NOUN
ajfa-11537	292	10	initial	initial	ADJ
ajfa-11537	292	11	returns	return	NOUN
ajfa-11537	292	12	:	:	PUNCT
ajfa-11537	292	13	evidence	evidence	NOUN
ajfa-11537	292	14	from	from	ADP
ajfa-11537	292	15	an	an	DET
ajfa-11537	292	16	emerging	emerge	VERB
ajfa-11537	292	17	market	market	NOUN
ajfa-11537	292	18	.	.	PUNCT
ajfa-11537	293	1	economic	economic	ADJ
ajfa-11537	293	2	systems	system	NOUN
ajfa-11537	293	3	,	,	PUNCT
ajfa-11537	293	4	38	38	NUM
ajfa-11537	293	5	,	,	PUNCT
ajfa-11537	293	6	487	487	NUM
ajfa-11537	293	7	-	-	SYM
ajfa-11537	293	8	501	501	NUM
ajfa-11537	293	9	.	.	PUNCT
ajfa-11537	294	1	https://doi.org/10.1016/j.ecosys.2014.03.003	https://doi.org/10.1016/j.ecosys.2014.03.003	PROPN
ajfa-11537	294	2	philippe	philippe	PROPN
ajfa-11537	294	3	.	.	PUNCT
ajfa-11537	295	1	e.	e.	PROPN
ajfa-11537	295	2	,	,	PUNCT
ajfa-11537	295	3	(	(	PUNCT
ajfa-11537	295	4	2011	2011	NUM
ajfa-11537	295	5	)	)	PUNCT
ajfa-11537	295	6	.	.	PUNCT
ajfa-11537	296	1	ipo	ipo	PROPN
ajfa-11537	296	2	.	.	PUNCT
ajfa-11537	297	1	a	a	DET
ajfa-11537	297	2	global	global	ADJ
ajfa-11537	297	3	guide	guide	NOUN
ajfa-11537	297	4	.	.	PUNCT
ajfa-11537	298	1	hong	hong	PROPN
ajfa-11537	298	2	kong	kong	PROPN
ajfa-11537	298	3	university	university	PROPN
ajfa-11537	298	4	press	press	NOUN
ajfa-11537	298	5	.	.	PUNCT
ajfa-11537	299	1	ritter	ritter	PROPN
ajfa-11537	299	2	,	,	PUNCT
ajfa-11537	299	3	j.	j.	PROPN
ajfa-11537	299	4	r.	r.	PROPN
ajfa-11537	299	5	,	,	PUNCT
ajfa-11537	299	6	&	&	CCONJ
ajfa-11537	299	7	welch	welch	PROPN
ajfa-11537	299	8	,	,	PUNCT
ajfa-11537	299	9	i.	i.	PROPN
ajfa-11537	299	10	2002	2002	NUM
ajfa-11537	299	11	.	.	PUNCT
ajfa-11537	300	1	a	a	DET
ajfa-11537	300	2	review	review	NOUN
ajfa-11537	300	3	of	of	ADP
ajfa-11537	300	4	ipo	ipo	NOUN
ajfa-11537	300	5	activity	activity	NOUN
ajfa-11537	300	6	,	,	PUNCT
ajfa-11537	300	7	pricing	pricing	NOUN
ajfa-11537	300	8	and	and	CCONJ
ajfa-11537	300	9	allocation	allocation	NOUN
ajfa-11537	300	10	.	.	PUNCT
ajfa-11537	301	1	journal	journal	PROPN
ajfa-11537	301	2	of	of	ADP
ajfa-11537	301	3	finance	finance	NOUN
ajfa-11537	301	4	,	,	PUNCT
ajfa-11537	301	5	57(4	57(4	NUM
ajfa-11537	301	6	)	)	PUNCT
ajfa-11537	301	7	,	,	PUNCT
ajfa-11537	301	8	1795	1795	NUM
ajfa-11537	301	9	-	-	SYM
ajfa-11537	301	10	1829	1829	NUM
ajfa-11537	301	11	.	.	PUNCT
ajfa-11537	302	1	https://doi.org/10.1111/1540-6261.00478	https://doi.org/10.1111/1540-6261.00478	PROPN
ajfa-11537	302	2	sapian	sapian	PROPN
ajfa-11537	302	3	,	,	PUNCT
ajfa-11537	302	4	r.	r.	PROPN
ajfa-11537	302	5	z.	z.	PROPN
ajfa-11537	302	6	z.	z.	PROPN
ajfa-11537	302	7	,	,	PUNCT
ajfa-11537	302	8	abdul	abdul	PROPN
ajfa-11537	302	9	rahim	rahim	PROPN
ajfa-11537	302	10	,	,	PUNCT
ajfa-11537	302	11	r.	r.	PROPN
ajfa-11537	302	12	,	,	PUNCT
ajfa-11537	302	13	&	&	CCONJ
ajfa-11537	302	14	yong	yong	PROPN
ajfa-11537	302	15	,	,	PUNCT
ajfa-11537	302	16	o.	o.	PROPN
ajfa-11537	302	17	(	(	PUNCT
ajfa-11537	302	18	2012	2012	NUM
ajfa-11537	302	19	)	)	PUNCT
ajfa-11537	302	20	.	.	PUNCT
ajfa-11537	303	1	underpricing	underprice	VERB
ajfa-11537	303	2	,	,	PUNCT
ajfa-11537	303	3	flipping	flip	VERB
ajfa-11537	303	4	activity	activity	NOUN
ajfa-11537	303	5	and	and	CCONJ
ajfa-11537	303	6	aftermarket	aftermarket	NOUN
ajfa-11537	303	7	liquidity	liquidity	NOUN
ajfa-11537	303	8	of	of	ADP
ajfa-11537	303	9	ipos	ipos	PROPN
ajfa-11537	303	10	.	.	PUNCT
ajfa-11537	304	1	jurnal	jurnal	ADJ
ajfa-11537	304	2	pengurusan	pengurusan	ADJ
ajfa-11537	304	3	,	,	PUNCT
ajfa-11537	304	4	34	34	NUM
ajfa-11537	304	5	,	,	PUNCT
ajfa-11537	304	6	29	29	NUM
ajfa-11537	304	7	-	-	SYM
ajfa-11537	304	8	43	43	NUM
ajfa-11537	304	9	.	.	PUNCT
ajfa-11537	305	1	schaub	schaub	PROPN
ajfa-11537	305	2	,	,	PUNCT
ajfa-11537	305	3	m.	m.	NOUN
ajfa-11537	305	4	,	,	PUNCT
ajfa-11537	305	5	casey	casey	NOUN
ajfa-11537	305	6	,	,	PUNCT
ajfa-11537	305	7	k.	k.	PROPN
ajfa-11537	305	8	,	,	PUNCT
ajfa-11537	305	9	&	&	CCONJ
ajfa-11537	305	10	washer	washer	NOUN
ajfa-11537	305	11	,	,	PUNCT
ajfa-11537	305	12	k	k	PROPN
ajfa-11537	305	13	(	(	PUNCT
ajfa-11537	305	14	2004	2004	NUM
ajfa-11537	305	15	)	)	PUNCT
ajfa-11537	305	16	.	.	PUNCT
ajfa-11537	306	1	banking	banking	NOUN
ajfa-11537	306	2	industry	industry	NOUN
ajfa-11537	306	3	ipo	ipo	NOUN
ajfa-11537	306	4	returns	return	VERB
ajfa-11537	306	5	:	:	PUNCT
ajfa-11537	306	6	a	a	DET
ajfa-11537	306	7	test	test	NOUN
ajfa-11537	306	8	of	of	ADP
ajfa-11537	306	9	the	the	DET
ajfa-11537	306	10	informational	informational	ADJ
ajfa-11537	306	11	asymmetry	asymmetry	NOUN
ajfa-11537	306	12	hypothesis	hypothesis	NOUN
ajfa-11537	306	13	.	.	PUNCT
ajfa-11537	307	1	southwest	southwest	ADJ
ajfa-11537	307	2	business	business	PROPN
ajfa-11537	307	3	and	and	CCONJ
ajfa-11537	307	4	economics	economic	NOUN
ajfa-11537	307	5	journal	journal	NOUN
ajfa-11537	307	6	,	,	PUNCT
ajfa-11537	307	7	18	18	NUM
ajfa-11537	307	8	-	-	SYM
ajfa-11537	307	9	24	24	NUM
ajfa-11537	307	10	.	.	PUNCT
ajfa-11537	308	1	tran	tran	PROPN
ajfa-11537	308	2	,	,	PUNCT
ajfa-11537	308	3	l.	l.	PROPN
ajfa-11537	308	4	h.	h.	PROPN
ajfa-11537	308	5	,	,	PUNCT
ajfa-11537	308	6	kalev	kalev	PROPN
ajfa-11537	308	7	,	,	PUNCT
ajfa-11537	308	8	p.	p.	PROPN
ajfa-11537	308	9	s.	s.	PROPN
ajfa-11537	308	10	,	,	PUNCT
ajfa-11537	308	11	&	&	CCONJ
ajfa-11537	308	12	westerholm	westerholm	PROPN
ajfa-11537	308	13	,	,	PUNCT
ajfa-11537	308	14	j.	j.	PROPN
ajfa-11537	308	15	(	(	PUNCT
ajfa-11537	308	16	2007	2007	NUM
ajfa-11537	308	17	)	)	PUNCT
ajfa-11537	308	18	.	.	PUNCT
ajfa-11537	309	1	an	an	DET
ajfa-11537	309	2	analysis	analysis	NOUN
ajfa-11537	309	3	of	of	ADP
ajfa-11537	309	4	the	the	DET
ajfa-11537	309	5	flipping	flip	VERB
ajfa-11537	309	6	activities	activity	NOUN
ajfa-11537	309	7	in	in	ADP
ajfa-11537	309	8	early	early	ADJ
ajfa-11537	309	9	aftermarket	aftermarket	NOUN
ajfa-11537	309	10	trading	trading	NOUN
ajfa-11537	309	11	.	.	PUNCT
ajfa-11537	310	1	unpublished	unpublished	ADJ
ajfa-11537	310	2	manuscript	manuscript	NOUN
ajfa-11537	310	3	.	.	PUNCT
ajfa-11537	311	1	university	university	NOUN
ajfa-11537	311	2	of	of	ADP
ajfa-11537	311	3	sydney	sydney	PROPN
ajfa-11537	311	4	.	.	PUNCT
ajfa-11537	312	1	1	1	NUM
ajfa-11537	312	2	-	-	SYM
ajfa-11537	312	3	41	41	NUM
ajfa-11537	312	4	.	.	PUNCT
ajfa-11537	313	1	wan	wan	PROPN
ajfa-11537	313	2	-	-	PUNCT
ajfa-11537	313	3	hussin	hussin	PROPN
ajfa-11537	313	4	,	,	PUNCT
ajfa-11537	313	5	n.	n.	PROPN
ajfa-11537	313	6	w.	w.	PROPN
ajfa-11537	313	7	2005	2005	NUM
ajfa-11537	313	8	.	.	PUNCT
ajfa-11537	314	1	the	the	DET
ajfa-11537	314	2	effects	effect	NOUN
ajfa-11537	314	3	of	of	ADP
ajfa-11537	314	4	owners	owner	NOUN
ajfa-11537	314	5	’	'	PUNCT
ajfa-11537	314	6	participation	participation	NOUN
ajfa-11537	314	7	and	and	CCONJ
ajfa-11537	314	8	lockup	lockup	NOUN
ajfa-11537	314	9	on	on	ADP
ajfa-11537	314	10	ipo	ipo	PROPN
ajfa-11537	314	11	underpricing	underprice	VERB
ajfa-11537	314	12	in	in	ADP
ajfa-11537	314	13	malaysian	malaysian	PROPN
ajfa-11537	314	14	.	.	PUNCT
ajfa-11537	315	1	asian	asian	PROPN
ajfa-11537	315	2	academy	academy	PROPN
ajfa-11537	315	3	of	of	ADP
ajfa-11537	315	4	management	management	PROPN
ajfa-11537	315	5	journal	journal	NOUN
ajfa-11537	315	6	,	,	PUNCT
ajfa-11537	315	7	10(1	10(1	NUM
ajfa-11537	315	8	)	)	PUNCT
ajfa-11537	315	9	,	,	PUNCT
ajfa-11537	315	10	19	19	NUM
ajfa-11537	315	11	-	-	SYM
ajfa-11537	315	12	36	36	NUM
ajfa-11537	315	13	.	.	PUNCT
ajfa-11537	316	1	yong	yong	PROPN
ajfa-11537	316	2	,	,	PUNCT
ajfa-11537	316	3	o.	o.	PROPN
ajfa-11537	316	4	(	(	PUNCT
ajfa-11537	316	5	2010	2010	NUM
ajfa-11537	316	6	)	)	PUNCT
ajfa-11537	316	7	.	.	PUNCT
ajfa-11537	317	1	initial	initial	ADJ
ajfa-11537	317	2	premium	premium	NOUN
ajfa-11537	317	3	,	,	PUNCT
ajfa-11537	317	4	flipping	flip	VERB
ajfa-11537	317	5	activity	activity	NOUN
ajfa-11537	317	6	and	and	CCONJ
ajfa-11537	317	7	opening	opening	NOUN
ajfa-11537	317	8	-	-	PUNCT
ajfa-11537	317	9	day	day	NOUN
ajfa-11537	317	10	price	price	NOUN
ajfa-11537	317	11	spread	spread	NOUN
ajfa-11537	317	12	of	of	ADP
ajfa-11537	317	13	malaysian	malaysian	ADJ
ajfa-11537	317	14	ipos	ipos	PROPN
ajfa-11537	317	15	.	.	PUNCT
ajfa-11537	318	1	capital	capital	PROPN
ajfa-11537	318	2	markets	market	NOUN
ajfa-11537	318	3	review	review	VERB
ajfa-11537	318	4	,	,	PUNCT
ajfa-11537	318	5	18(1	18(1	NUM
ajfa-11537	318	6	)	)	PUNCT
ajfa-11537	318	7	,	,	PUNCT
ajfa-11537	318	8	45	45	NUM
ajfa-11537	318	9	-	-	SYM
ajfa-11537	318	10	61	61	NUM
ajfa-11537	318	11	.	.	PUNCT
ajfa-11537	319	1	asian	asian	ADJ
ajfa-11537	319	2	journal	journal	PROPN
ajfa-11537	319	3	of	of	ADP
ajfa-11537	319	4	finance	finance	PROPN
ajfa-11537	319	5	&	&	CCONJ
ajfa-11537	319	6	accounting	accounting	PROPN
ajfa-11537	319	7	issn	issn	PROPN
ajfa-11537	319	8	1946	1946	NUM
ajfa-11537	319	9	-	-	PUNCT
ajfa-11537	319	10	052x	052x	PROPN
ajfa-11537	319	11	2017	2017	NUM
ajfa-11537	319	12	,	,	PUNCT
ajfa-11537	319	13	vol	vol	NOUN
ajfa-11537	319	14	.	.	NOUN
ajfa-11537	319	15	9	9	NUM
ajfa-11537	319	16	,	,	PUNCT
ajfa-11537	319	17	no	no	NOUN
ajfa-11537	319	18	.	.	NOUN
ajfa-11537	319	19	2	2	NUM
ajfa-11537	319	20	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11537	319	21	269	269	NUM
ajfa-11537	319	22	yung	yung	PROPN
ajfa-11537	319	23	,	,	PUNCT
ajfa-11537	319	24	c.	c.	PROPN
ajfa-11537	319	25	,	,	PUNCT
ajfa-11537	319	26	&	&	CCONJ
ajfa-11537	319	27	zender	zender	PROPN
ajfa-11537	319	28	,	,	PUNCT
ajfa-11537	319	29	f.	f.	PROPN
ajfa-11537	319	30	j.	j.	PROPN
ajfa-11537	319	31	(	(	PUNCT
ajfa-11537	319	32	2010	2010	NUM
ajfa-11537	319	33	)	)	PUNCT
ajfa-11537	319	34	.	.	PUNCT
ajfa-11537	320	1	moral	moral	ADJ
ajfa-11537	320	2	hazard	hazard	NOUN
ajfa-11537	320	3	,	,	PUNCT
ajfa-11537	320	4	information	information	NOUN
ajfa-11537	320	5	asymmetry	asymmetry	NOUN
ajfa-11537	320	6	and	and	CCONJ
ajfa-11537	320	7	ipo	ipo	NOUN
ajfa-11537	320	8	lockups	lockup	NOUN
ajfa-11537	320	9	.	.	PUNCT
ajfa-11537	321	1	journal	journal	NOUN
ajfa-11537	321	2	of	of	ADP
ajfa-11537	321	3	corporate	corporate	ADJ
ajfa-11537	321	4	finance	finance	NOUN
ajfa-11537	321	5	,	,	PUNCT
ajfa-11537	321	6	16(3	16(3	NOUN
ajfa-11537	321	7	)	)	PUNCT
ajfa-11537	321	8	,	,	PUNCT
ajfa-11537	321	9	320	320	NUM
ajfa-11537	321	10	-	-	SYM
ajfa-11537	321	11	332	332	NUM
ajfa-11537	321	12	.	.	PUNCT
ajfa-11537	322	1	https://doi.org/10.1016/j.jcorpfin.2009.12.004	https://doi.org/10.1016/j.jcorpfin.2009.12.004	NOUN