id	sid	tid	token	lemma	pos
ajfa-11810	1	1	microsoft	microsoft	PROPN
ajfa-11810	1	2	word	word	NOUN
ajfa-11810	1	3	11810	11810	NUM
ajfa-11810	1	4	-	-	PUNCT
ajfa-11810	1	5	writer2	writer2	VERB
ajfa-11810	1	6	-	-	ADJ
ajfa-11810	1	7	new	new	ADJ
ajfa-11810	1	8	asian	asian	ADJ
ajfa-11810	1	9	journal	journal	NOUN
ajfa-11810	1	10	of	of	ADP
ajfa-11810	1	11	finance	finance	PROPN
ajfa-11810	1	12	&	&	CCONJ
ajfa-11810	1	13	accounting	accounting	PROPN
ajfa-11810	1	14	issn	issn	PROPN
ajfa-11810	1	15	1946	1946	NUM
ajfa-11810	1	16	-	-	PUNCT
ajfa-11810	1	17	052x	052x	NOUN
ajfa-11810	1	18	2018	2018	NUM
ajfa-11810	1	19	,	,	PUNCT
ajfa-11810	1	20	vol	vol	NOUN
ajfa-11810	1	21	.	.	PROPN
ajfa-11810	1	22	10	10	NUM
ajfa-11810	1	23	,	,	PUNCT
ajfa-11810	1	24	no	no	INTJ
ajfa-11810	1	25	.	.	NOUN
ajfa-11810	1	26	1	1	NUM
ajfa-11810	1	27	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	1	28	81	81	NUM
ajfa-11810	1	29	motivating	motivating	NOUN
ajfa-11810	1	30	capital	capital	NOUN
ajfa-11810	1	31	investment	investment	NOUN
ajfa-11810	1	32	by	by	ADP
ajfa-11810	1	33	using	use	VERB
ajfa-11810	1	34	the	the	DET
ajfa-11810	1	35	audit	audit	NOUN
ajfa-11810	1	36	process	process	NOUN
ajfa-11810	1	37	to	to	PART
ajfa-11810	1	38	increase	increase	VERB
ajfa-11810	1	39	financial	financial	ADJ
ajfa-11810	1	40	transparency	transparency	NOUN
ajfa-11810	1	41	j.	j.	PROPN
ajfa-11810	1	42	reid	reid	PROPN
ajfa-11810	1	43	cummings	cummings	PROPN
ajfa-11810	1	44	,	,	PUNCT
ajfa-11810	1	45	d.b.a	d.b.a	NOUN
ajfa-11810	1	46	.	.	PUNCT
ajfa-11810	2	1	(	(	PUNCT
ajfa-11810	2	2	corresponding	correspond	VERB
ajfa-11810	2	3	author	author	NOUN
ajfa-11810	2	4	)	)	PUNCT
ajfa-11810	2	5	university	university	PROPN
ajfa-11810	2	6	of	of	ADP
ajfa-11810	2	7	south	south	PROPN
ajfa-11810	2	8	alabama	alabama	PROPN
ajfa-11810	2	9	5811	5811	NUM
ajfa-11810	2	10	usa	usa	PROPN
ajfa-11810	2	11	south	south	PROPN
ajfa-11810	2	12	drive	drive	PROPN
ajfa-11810	2	13	,	,	PUNCT
ajfa-11810	2	14	mcob	mcob	NOUN
ajfa-11810	2	15	126	126	NUM
ajfa-11810	2	16	,	,	PUNCT
ajfa-11810	2	17	mobile	mobile	NOUN
ajfa-11810	2	18	,	,	PUNCT
ajfa-11810	2	19	alabama	alabama	PROPN
ajfa-11810	2	20	36688	36688	NUM
ajfa-11810	2	21	e	e	NOUN
ajfa-11810	2	22	-	-	NOUN
ajfa-11810	2	23	mail	mail	NOUN
ajfa-11810	2	24	:	:	PUNCT
ajfa-11810	2	25	cummings@southalabama.edu	cummings@southalabama.edu	PROPN
ajfa-11810	3	1	gabriel	gabriel	PROPN
ajfa-11810	3	2	g.	g.	PROPN
ajfa-11810	3	3	ramirez	ramirez	PROPN
ajfa-11810	3	4	,	,	PUNCT
ajfa-11810	3	5	ph.d	ph.d	PROPN
ajfa-11810	3	6	.	.	PUNCT
ajfa-11810	4	1	kennesaw	kennesaw	PROPN
ajfa-11810	4	2	state	state	PROPN
ajfa-11810	4	3	university	university	PROPN
ajfa-11810	4	4	divesh	divesh	PROPN
ajfa-11810	4	5	s.	s.	PROPN
ajfa-11810	4	6	sharma	sharma	PROPN
ajfa-11810	4	7	,	,	PUNCT
ajfa-11810	4	8	ph.d	ph.d	PROPN
ajfa-11810	4	9	.	.	PUNCT
ajfa-11810	5	1	kennesaw	kennesaw	PROPN
ajfa-11810	5	2	state	state	PROPN
ajfa-11810	5	3	university	university	PROPN
ajfa-11810	5	4	kyre	kyre	PROPN
ajfa-11810	5	5	d.	d.	PROPN
ajfa-11810	5	6	lahtinen	lahtinen	PROPN
ajfa-11810	5	7	,	,	PUNCT
ajfa-11810	5	8	ph.d	ph.d	PROPN
ajfa-11810	5	9	.	.	PUNCT
ajfa-11810	6	1	university	university	PROPN
ajfa-11810	6	2	of	of	ADP
ajfa-11810	6	3	south	south	PROPN
ajfa-11810	6	4	alabama	alabama	PROPN
ajfa-11810	6	5	received	receive	VERB
ajfa-11810	6	6	:	:	PUNCT
ajfa-11810	7	1	sep	sep	INTJ
ajfa-11810	7	2	.	.	PROPN
ajfa-11810	7	3	5	5	NUM
ajfa-11810	7	4	,	,	PUNCT
ajfa-11810	7	5	2017	2017	NUM
ajfa-11810	7	6	accepted	accept	VERB
ajfa-11810	7	7	:	:	PUNCT
ajfa-11810	7	8	march	march	PROPN
ajfa-11810	7	9	10	10	NUM
ajfa-11810	7	10	,	,	PUNCT
ajfa-11810	7	11	2018	2018	NUM
ajfa-11810	7	12	published	publish	VERB
ajfa-11810	7	13	:	:	PUNCT
ajfa-11810	7	14	june	june	PROPN
ajfa-11810	7	15	1	1	NUM
ajfa-11810	7	16	,	,	PUNCT
ajfa-11810	7	17	2018	2018	NUM
ajfa-11810	7	18	doi:10.5296	doi:10.5296	NOUN
ajfa-11810	7	19	/	/	SYM
ajfa-11810	7	20	ajfa.v10i1.11810	ajfa.v10i1.11810	PROPN
ajfa-11810	7	21	url	url	NOUN
ajfa-11810	7	22	:	:	PUNCT
ajfa-11810	7	23	https://doi.org/10.5296/ajfa.v10i1.11810	https://doi.org/10.5296/ajfa.v10i1.11810	NUM
ajfa-11810	7	24	abstract	abstract	ADV
ajfa-11810	7	25	this	this	DET
ajfa-11810	7	26	study	study	NOUN
ajfa-11810	7	27	examines	examine	VERB
ajfa-11810	7	28	the	the	DET
ajfa-11810	7	29	relationship	relationship	NOUN
ajfa-11810	7	30	between	between	ADP
ajfa-11810	7	31	reits	reit	NOUN
ajfa-11810	7	32	’	'	PUNCT
ajfa-11810	7	33	uses	use	NOUN
ajfa-11810	7	34	of	of	ADP
ajfa-11810	7	35	the	the	DET
ajfa-11810	7	36	audit	audit	NOUN
ajfa-11810	7	37	process	process	NOUN
ajfa-11810	7	38	to	to	PART
ajfa-11810	7	39	increase	increase	VERB
ajfa-11810	7	40	financial	financial	ADJ
ajfa-11810	7	41	transparency	transparency	NOUN
ajfa-11810	7	42	,	,	PUNCT
ajfa-11810	7	43	and	and	CCONJ
ajfa-11810	7	44	their	their	PRON
ajfa-11810	7	45	ability	ability	NOUN
ajfa-11810	7	46	to	to	PART
ajfa-11810	7	47	attract	attract	VERB
ajfa-11810	7	48	and/or	and/or	CCONJ
ajfa-11810	7	49	maintain	maintain	VERB
ajfa-11810	7	50	reasonable	reasonable	ADJ
ajfa-11810	7	51	access	access	NOUN
ajfa-11810	7	52	to	to	ADP
ajfa-11810	7	53	capital	capital	NOUN
ajfa-11810	7	54	investment	investment	NOUN
ajfa-11810	7	55	.	.	PUNCT
ajfa-11810	8	1	we	we	PRON
ajfa-11810	8	2	find	find	VERB
ajfa-11810	8	3	that	that	SCONJ
ajfa-11810	8	4	capital	capital	NOUN
ajfa-11810	8	5	investment	investment	NOUN
ajfa-11810	8	6	is	be	AUX
ajfa-11810	8	7	positively	positively	ADV
ajfa-11810	8	8	and	and	CCONJ
ajfa-11810	8	9	significantly	significantly	ADV
ajfa-11810	8	10	associated	associate	VERB
ajfa-11810	8	11	with	with	ADP
ajfa-11810	8	12	auditor	auditor	NOUN
ajfa-11810	8	13	quality	quality	PROPN
ajfa-11810	8	14	,	,	PUNCT
ajfa-11810	8	15	specialization	specialization	NOUN
ajfa-11810	8	16	,	,	PUNCT
ajfa-11810	8	17	and	and	CCONJ
ajfa-11810	8	18	reputation	reputation	NOUN
ajfa-11810	8	19	.	.	PUNCT
ajfa-11810	9	1	after	after	ADP
ajfa-11810	9	2	controlling	control	VERB
ajfa-11810	9	3	for	for	ADP
ajfa-11810	9	4	the	the	DET
ajfa-11810	9	5	effects	effect	NOUN
ajfa-11810	9	6	of	of	ADP
ajfa-11810	9	7	the	the	DET
ajfa-11810	9	8	2007	2007	NUM
ajfa-11810	9	9	-	-	SYM
ajfa-11810	9	10	2008	2008	NUM
ajfa-11810	9	11	financial	financial	ADJ
ajfa-11810	9	12	crisis	crisis	NOUN
ajfa-11810	9	13	,	,	PUNCT
ajfa-11810	9	14	we	we	PRON
ajfa-11810	9	15	find	find	VERB
ajfa-11810	9	16	that	that	SCONJ
ajfa-11810	9	17	when	when	SCONJ
ajfa-11810	9	18	reits	reit	NOUN
ajfa-11810	9	19	seek	seek	VERB
ajfa-11810	9	20	to	to	PART
ajfa-11810	9	21	attract	attract	VERB
ajfa-11810	9	22	new	new	ADJ
ajfa-11810	9	23	capital	capital	NOUN
ajfa-11810	9	24	investment	investment	NOUN
ajfa-11810	9	25	,	,	PUNCT
ajfa-11810	9	26	using	use	VERB
ajfa-11810	9	27	the	the	DET
ajfa-11810	9	28	audit	audit	NOUN
ajfa-11810	9	29	process	process	NOUN
ajfa-11810	9	30	to	to	PART
ajfa-11810	9	31	increase	increase	VERB
ajfa-11810	9	32	financial	financial	ADJ
ajfa-11810	9	33	transparency	transparency	NOUN
ajfa-11810	9	34	is	be	AUX
ajfa-11810	9	35	just	just	ADV
ajfa-11810	9	36	as	as	ADV
ajfa-11810	9	37	important	important	ADJ
ajfa-11810	9	38	before	before	ADP
ajfa-11810	9	39	the	the	DET
ajfa-11810	9	40	crisis	crisis	NOUN
ajfa-11810	9	41	as	as	ADP
ajfa-11810	9	42	after	after	ADP
ajfa-11810	9	43	it	it	PRON
ajfa-11810	9	44	.	.	PUNCT
ajfa-11810	10	1	these	these	DET
ajfa-11810	10	2	findings	finding	NOUN
ajfa-11810	10	3	suggest	suggest	VERB
ajfa-11810	10	4	that	that	SCONJ
ajfa-11810	10	5	regardless	regardless	ADV
ajfa-11810	10	6	of	of	ADP
ajfa-11810	10	7	the	the	DET
ajfa-11810	10	8	economic	economic	ADJ
ajfa-11810	10	9	conditions	condition	NOUN
ajfa-11810	10	10	,	,	PUNCT
ajfa-11810	10	11	auditor	auditor	NOUN
ajfa-11810	10	12	quality	quality	NOUN
ajfa-11810	10	13	,	,	PUNCT
ajfa-11810	10	14	specialization	specialization	NOUN
ajfa-11810	10	15	,	,	PUNCT
ajfa-11810	10	16	and	and	CCONJ
ajfa-11810	10	17	reputation	reputation	NOUN
ajfa-11810	10	18	add	add	VERB
ajfa-11810	10	19	value	value	NOUN
ajfa-11810	10	20	.	.	PUNCT
ajfa-11810	11	1	keywords	keyword	NOUN
ajfa-11810	11	2	:	:	PUNCT
ajfa-11810	11	3	real	real	ADJ
ajfa-11810	11	4	estate	estate	NOUN
ajfa-11810	11	5	investment	investment	NOUN
ajfa-11810	11	6	trusts	trust	NOUN
ajfa-11810	11	7	,	,	PUNCT
ajfa-11810	11	8	financial	financial	ADJ
ajfa-11810	11	9	transparency	transparency	NOUN
ajfa-11810	11	10	,	,	PUNCT
ajfa-11810	11	11	auditor	auditor	NOUN
ajfa-11810	11	12	quality	quality	NOUN
ajfa-11810	11	13	,	,	PUNCT
ajfa-11810	11	14	auditor	auditor	NOUN
ajfa-11810	11	15	specialization	specialization	NOUN
ajfa-11810	11	16	,	,	PUNCT
ajfa-11810	11	17	auditor	auditor	NOUN
ajfa-11810	11	18	reputation	reputation	NOUN
ajfa-11810	11	19	,	,	PUNCT
ajfa-11810	11	20	capital	capital	NOUN
ajfa-11810	11	21	investment	investment	NOUN
ajfa-11810	11	22	asian	asian	ADJ
ajfa-11810	11	23	journal	journal	NOUN
ajfa-11810	11	24	of	of	ADP
ajfa-11810	11	25	finance	finance	PROPN
ajfa-11810	11	26	&	&	CCONJ
ajfa-11810	11	27	accounting	accounting	PROPN
ajfa-11810	11	28	issn	issn	PROPN
ajfa-11810	11	29	1946	1946	NUM
ajfa-11810	11	30	-	-	PUNCT
ajfa-11810	11	31	052x	052x	NOUN
ajfa-11810	11	32	2018	2018	NUM
ajfa-11810	11	33	,	,	PUNCT
ajfa-11810	11	34	vol	vol	NOUN
ajfa-11810	11	35	.	.	PROPN
ajfa-11810	11	36	10	10	NUM
ajfa-11810	11	37	,	,	PUNCT
ajfa-11810	11	38	no	no	INTJ
ajfa-11810	11	39	.	.	NOUN
ajfa-11810	11	40	1	1	NUM
ajfa-11810	11	41	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	11	42	82	82	NUM
ajfa-11810	11	43	1	1	NUM
ajfa-11810	11	44	.	.	PUNCT
ajfa-11810	12	1	introduction	introduction	NOUN
ajfa-11810	12	2	united	united	PROPN
ajfa-11810	12	3	states	states	PROPN
ajfa-11810	12	4	federal	federal	ADJ
ajfa-11810	12	5	law	law	NOUN
ajfa-11810	12	6	requires	require	VERB
ajfa-11810	12	7	real	real	ADJ
ajfa-11810	12	8	estate	estate	NOUN
ajfa-11810	12	9	investment	investment	NOUN
ajfa-11810	12	10	trusts	trust	NOUN
ajfa-11810	12	11	(	(	PUNCT
ajfa-11810	12	12	reits	reit	NOUN
ajfa-11810	12	13	)	)	PUNCT
ajfa-11810	12	14	to	to	PART
ajfa-11810	12	15	distribute	distribute	VERB
ajfa-11810	12	16	at	at	ADV
ajfa-11810	12	17	least	least	ADV
ajfa-11810	12	18	90	90	NUM
ajfa-11810	12	19	%	%	NOUN
ajfa-11810	12	20	of	of	ADP
ajfa-11810	12	21	their	their	PRON
ajfa-11810	12	22	net	net	ADJ
ajfa-11810	12	23	income	income	NOUN
ajfa-11810	12	24	to	to	ADP
ajfa-11810	12	25	shareholders	shareholder	NOUN
ajfa-11810	12	26	as	as	ADP
ajfa-11810	12	27	dividends	dividend	NOUN
ajfa-11810	12	28	(	(	PUNCT
ajfa-11810	12	29	scherrer	scherrer	X
ajfa-11810	12	30	,	,	PUNCT
ajfa-11810	12	31	2004	2004	NUM
ajfa-11810	12	32	)	)	PUNCT
ajfa-11810	12	33	.	.	PUNCT
ajfa-11810	13	1	the	the	DET
ajfa-11810	13	2	resulting	result	VERB
ajfa-11810	13	3	reduced	reduce	VERB
ajfa-11810	13	4	cash	cash	NOUN
ajfa-11810	13	5	flow	flow	NOUN
ajfa-11810	13	6	constraint	constraint	NOUN
ajfa-11810	13	7	propels	propel	VERB
ajfa-11810	13	8	reits	reit	NOUN
ajfa-11810	13	9	to	to	PART
ajfa-11810	13	10	access	access	VERB
ajfa-11810	13	11	capital	capital	NOUN
ajfa-11810	13	12	markets	market	NOUN
ajfa-11810	13	13	frequently	frequently	ADV
ajfa-11810	13	14	.	.	PUNCT
ajfa-11810	14	1	historically	historically	ADV
ajfa-11810	14	2	,	,	PUNCT
ajfa-11810	14	3	reits	reit	NOUN
ajfa-11810	14	4	’	'	PUNCT
ajfa-11810	14	5	have	have	AUX
ajfa-11810	14	6	successfully	successfully	ADV
ajfa-11810	14	7	done	do	VERB
ajfa-11810	14	8	so	so	ADV
ajfa-11810	14	9	,	,	PUNCT
ajfa-11810	14	10	possibly	possibly	ADV
ajfa-11810	14	11	due	due	ADP
ajfa-11810	14	12	to	to	ADP
ajfa-11810	14	13	investors	investor	NOUN
ajfa-11810	14	14	’	'	PUNCT
ajfa-11810	14	15	views	view	NOUN
ajfa-11810	14	16	that	that	SCONJ
ajfa-11810	14	17	reits	reit	NOUN
ajfa-11810	14	18	present	present	VERB
ajfa-11810	14	19	a	a	DET
ajfa-11810	14	20	safe	safe	ADJ
ajfa-11810	14	21	way	way	NOUN
ajfa-11810	14	22	to	to	PART
ajfa-11810	14	23	invest	invest	VERB
ajfa-11810	14	24	in	in	ADP
ajfa-11810	14	25	real	real	ADJ
ajfa-11810	14	26	estate	estate	NOUN
ajfa-11810	14	27	(	(	PUNCT
ajfa-11810	14	28	goebel	goebel	NOUN
ajfa-11810	14	29	&	&	CCONJ
ajfa-11810	14	30	kim	kim	PROPN
ajfa-11810	14	31	,	,	PUNCT
ajfa-11810	14	32	1989	1989	NUM
ajfa-11810	14	33	;	;	PUNCT
ajfa-11810	14	34	goodman	goodman	PROPN
ajfa-11810	14	35	,	,	PUNCT
ajfa-11810	14	36	2000	2000	NUM
ajfa-11810	14	37	,	,	PUNCT
ajfa-11810	14	38	2003).(note	2003).(note	PROPN
ajfa-11810	14	39	1	1	NUM
ajfa-11810	14	40	)	)	PUNCT
ajfa-11810	14	41	as	as	SCONJ
ajfa-11810	14	42	lingering	linger	VERB
ajfa-11810	14	43	economic	economic	ADJ
ajfa-11810	14	44	uncertainties	uncertainty	NOUN
ajfa-11810	14	45	hampered	hamper	VERB
ajfa-11810	14	46	financial	financial	ADJ
ajfa-11810	14	47	markets	market	NOUN
ajfa-11810	14	48	after	after	ADP
ajfa-11810	14	49	the	the	DET
ajfa-11810	14	50	2007	2007	NUM
ajfa-11810	14	51	-	-	SYM
ajfa-11810	14	52	2008	2008	NUM
ajfa-11810	14	53	financial	financial	ADJ
ajfa-11810	14	54	crisis	crisis	NOUN
ajfa-11810	14	55	,	,	PUNCT
ajfa-11810	14	56	raising	raise	VERB
ajfa-11810	14	57	new	new	ADJ
ajfa-11810	14	58	capital	capital	NOUN
ajfa-11810	14	59	proved	prove	VERB
ajfa-11810	14	60	challenging	challenge	VERB
ajfa-11810	14	61	for	for	ADP
ajfa-11810	14	62	many	many	ADJ
ajfa-11810	14	63	firms	firm	NOUN
ajfa-11810	14	64	.	.	PUNCT
ajfa-11810	15	1	even	even	ADV
ajfa-11810	15	2	though	though	SCONJ
ajfa-11810	15	3	during	during	ADP
ajfa-11810	15	4	the	the	DET
ajfa-11810	15	5	post	post	ADJ
ajfa-11810	15	6	-	-	ADJ
ajfa-11810	15	7	crisis	crisis	ADJ
ajfa-11810	15	8	period	period	NOUN
ajfa-11810	15	9	reits	reit	NOUN
ajfa-11810	15	10	continued	continue	VERB
ajfa-11810	15	11	to	to	PART
ajfa-11810	15	12	offer	offer	VERB
ajfa-11810	15	13	attractive	attractive	ADJ
ajfa-11810	15	14	investment	investment	NOUN
ajfa-11810	15	15	opportunities,(note	opportunities,(note	ADJ
ajfa-11810	15	16	2	2	NUM
ajfa-11810	15	17	)	)	PUNCT
ajfa-11810	15	18	because	because	SCONJ
ajfa-11810	15	19	many	many	ADJ
ajfa-11810	15	20	post	post	ADJ
ajfa-11810	15	21	-	-	ADJ
ajfa-11810	15	22	crisis	crisis	ADJ
ajfa-11810	15	23	real	real	ADJ
ajfa-11810	15	24	estate	estate	NOUN
ajfa-11810	15	25	markets	market	NOUN
ajfa-11810	15	26	were	be	AUX
ajfa-11810	15	27	in	in	ADP
ajfa-11810	15	28	decline	decline	NOUN
ajfa-11810	15	29	,	,	PUNCT
ajfa-11810	15	30	attracting	attract	VERB
ajfa-11810	15	31	investors	investor	NOUN
ajfa-11810	15	32	was	be	AUX
ajfa-11810	15	33	challenging	challenge	VERB
ajfa-11810	15	34	(	(	PUNCT
ajfa-11810	15	35	basse	basse	PROPN
ajfa-11810	15	36	,	,	PUNCT
ajfa-11810	15	37	friedrich	friedrich	NOUN
ajfa-11810	15	38	,	,	PUNCT
ajfa-11810	15	39	&	&	CCONJ
ajfa-11810	15	40	bea	bea	PROPN
ajfa-11810	15	41	,	,	PUNCT
ajfa-11810	15	42	2009	2009	NUM
ajfa-11810	15	43	)	)	PUNCT
ajfa-11810	15	44	.	.	PUNCT
ajfa-11810	16	1	therefore	therefore	ADV
ajfa-11810	16	2	,	,	PUNCT
ajfa-11810	16	3	because	because	SCONJ
ajfa-11810	16	4	of	of	ADP
ajfa-11810	16	5	the	the	DET
ajfa-11810	16	6	need	need	NOUN
ajfa-11810	16	7	for	for	ADP
ajfa-11810	16	8	new	new	ADJ
ajfa-11810	16	9	capital	capital	NOUN
ajfa-11810	16	10	,	,	PUNCT
ajfa-11810	16	11	it	it	PRON
ajfa-11810	16	12	was	be	AUX
ajfa-11810	16	13	important	important	ADJ
ajfa-11810	16	14	that	that	SCONJ
ajfa-11810	16	15	reits	reit	NOUN
ajfa-11810	16	16	pursue	pursue	VERB
ajfa-11810	16	17	strategies	strategy	NOUN
ajfa-11810	16	18	that	that	PRON
ajfa-11810	16	19	worked	work	VERB
ajfa-11810	16	20	to	to	PART
ajfa-11810	16	21	increase	increase	VERB
ajfa-11810	16	22	financial	financial	ADJ
ajfa-11810	16	23	transparency	transparency	NOUN
ajfa-11810	16	24	so	so	SCONJ
ajfa-11810	16	25	they	they	PRON
ajfa-11810	16	26	could	could	AUX
ajfa-11810	16	27	motivate	motivate	VERB
ajfa-11810	16	28	new	new	ADJ
ajfa-11810	16	29	capital	capital	NOUN
ajfa-11810	16	30	investment	investment	NOUN
ajfa-11810	16	31	.	.	PUNCT
ajfa-11810	17	1	the	the	DET
ajfa-11810	17	2	complexity	complexity	NOUN
ajfa-11810	17	3	of	of	ADP
ajfa-11810	17	4	a	a	DET
ajfa-11810	17	5	firm	firm	NOUN
ajfa-11810	17	6	’s	’s	PART
ajfa-11810	17	7	capital	capital	NOUN
ajfa-11810	17	8	structure	structure	NOUN
ajfa-11810	17	9	decisions	decision	NOUN
ajfa-11810	17	10	often	often	ADV
ajfa-11810	17	11	increases	increase	VERB
ajfa-11810	17	12	because	because	SCONJ
ajfa-11810	17	13	of	of	ADP
ajfa-11810	17	14	information	information	NOUN
ajfa-11810	17	15	asymmetries	asymmetry	NOUN
ajfa-11810	17	16	between	between	ADP
ajfa-11810	17	17	firm	firm	ADJ
ajfa-11810	17	18	managers	manager	NOUN
ajfa-11810	17	19	and	and	CCONJ
ajfa-11810	17	20	potential	potential	ADJ
ajfa-11810	17	21	investors	investor	NOUN
ajfa-11810	17	22	(	(	PUNCT
ajfa-11810	17	23	myers	myers	PROPN
ajfa-11810	17	24	,	,	PUNCT
ajfa-11810	17	25	1984	1984	NUM
ajfa-11810	17	26	;	;	PUNCT
ajfa-11810	17	27	titman	titman	PROPN
ajfa-11810	17	28	&	&	CCONJ
ajfa-11810	17	29	wessels	wessels	PROPN
ajfa-11810	17	30	,	,	PUNCT
ajfa-11810	17	31	1988	1988	NUM
ajfa-11810	17	32	)	)	PUNCT
ajfa-11810	17	33	.	.	PUNCT
ajfa-11810	18	1	by	by	ADP
ajfa-11810	18	2	decreasing	decrease	VERB
ajfa-11810	18	3	information	information	NOUN
ajfa-11810	18	4	asymmetries	asymmetry	NOUN
ajfa-11810	18	5	,	,	PUNCT
ajfa-11810	18	6	firms	firm	NOUN
ajfa-11810	18	7	can	can	AUX
ajfa-11810	18	8	increase	increase	VERB
ajfa-11810	18	9	their	their	PRON
ajfa-11810	18	10	financial	financial	ADJ
ajfa-11810	18	11	transparency	transparency	NOUN
ajfa-11810	18	12	;	;	PUNCT
ajfa-11810	18	13	when	when	SCONJ
ajfa-11810	18	14	they	they	PRON
ajfa-11810	18	15	do	do	VERB
ajfa-11810	18	16	so	so	ADV
ajfa-11810	18	17	successfully	successfully	ADV
ajfa-11810	18	18	,	,	PUNCT
ajfa-11810	18	19	they	they	PRON
ajfa-11810	18	20	are	be	AUX
ajfa-11810	18	21	more	more	ADV
ajfa-11810	18	22	likely	likely	ADJ
ajfa-11810	18	23	to	to	PART
ajfa-11810	18	24	motivate	motivate	VERB
ajfa-11810	18	25	new	new	ADJ
ajfa-11810	18	26	capital	capital	NOUN
ajfa-11810	18	27	investment	investment	NOUN
ajfa-11810	18	28	(	(	PUNCT
ajfa-11810	18	29	beatty	beatty	PROPN
ajfa-11810	18	30	,	,	PUNCT
ajfa-11810	18	31	1989	1989	NUM
ajfa-11810	18	32	;	;	PUNCT
ajfa-11810	18	33	carter	carter	PROPN
ajfa-11810	18	34	&	&	CCONJ
ajfa-11810	18	35	manaster	manaster	PROPN
ajfa-11810	18	36	,	,	PUNCT
ajfa-11810	18	37	1990	1990	NUM
ajfa-11810	18	38	)	)	PUNCT
ajfa-11810	18	39	.	.	PUNCT
ajfa-11810	19	1	in	in	ADP
ajfa-11810	19	2	the	the	DET
ajfa-11810	19	3	course	course	NOUN
ajfa-11810	19	4	of	of	ADP
ajfa-11810	19	5	seeking	seek	VERB
ajfa-11810	19	6	new	new	ADJ
ajfa-11810	19	7	capital	capital	NOUN
ajfa-11810	19	8	,	,	PUNCT
ajfa-11810	19	9	the	the	DET
ajfa-11810	19	10	offering	offering	NOUN
ajfa-11810	19	11	prospectus	prospectus	NOUN
ajfa-11810	19	12	is	be	AUX
ajfa-11810	19	13	a	a	DET
ajfa-11810	19	14	tool	tool	NOUN
ajfa-11810	19	15	firms	firm	NOUN
ajfa-11810	19	16	use	use	VERB
ajfa-11810	19	17	to	to	PART
ajfa-11810	19	18	send	send	VERB
ajfa-11810	19	19	signals	signal	NOUN
ajfa-11810	19	20	of	of	ADP
ajfa-11810	19	21	increased	increase	VERB
ajfa-11810	19	22	financial	financial	ADJ
ajfa-11810	19	23	transparency	transparency	NOUN
ajfa-11810	19	24	to	to	ADP
ajfa-11810	19	25	potential	potential	ADJ
ajfa-11810	19	26	investors	investor	NOUN
ajfa-11810	19	27	and	and	CCONJ
ajfa-11810	19	28	lenders	lender	NOUN
ajfa-11810	19	29	.	.	PUNCT
ajfa-11810	20	1	by	by	ADP
ajfa-11810	20	2	including	include	VERB
ajfa-11810	20	3	information	information	NOUN
ajfa-11810	20	4	beyond	beyond	ADP
ajfa-11810	20	5	that	that	PRON
ajfa-11810	20	6	which	which	PRON
ajfa-11810	20	7	is	be	AUX
ajfa-11810	20	8	required	require	VERB
ajfa-11810	20	9	by	by	ADP
ajfa-11810	20	10	regulators	regulator	NOUN
ajfa-11810	20	11	,	,	PUNCT
ajfa-11810	20	12	firms	firm	NOUN
ajfa-11810	20	13	can	can	AUX
ajfa-11810	20	14	reveal	reveal	VERB
ajfa-11810	20	15	additional	additional	ADJ
ajfa-11810	20	16	information	information	NOUN
ajfa-11810	20	17	about	about	ADP
ajfa-11810	20	18	their	their	PRON
ajfa-11810	20	19	intrinsic	intrinsic	ADJ
ajfa-11810	20	20	value	value	NOUN
ajfa-11810	20	21	,	,	PUNCT
ajfa-11810	20	22	investment	investment	NOUN
ajfa-11810	20	23	grade	grade	NOUN
ajfa-11810	20	24	,	,	PUNCT
ajfa-11810	20	25	and	and	CCONJ
ajfa-11810	20	26	future	future	ADJ
ajfa-11810	20	27	prospects	prospect	NOUN
ajfa-11810	20	28	(	(	PUNCT
ajfa-11810	20	29	deeds	deed	NOUN
ajfa-11810	20	30	,	,	PUNCT
ajfa-11810	20	31	decarolis	decaroli	NOUN
ajfa-11810	20	32	,	,	PUNCT
ajfa-11810	20	33	and	and	CCONJ
ajfa-11810	20	34	coombs	coombs	PROPN
ajfa-11810	20	35	,	,	PUNCT
ajfa-11810	20	36	1997	1997	NUM
ajfa-11810	20	37	)	)	PUNCT
ajfa-11810	20	38	.	.	PUNCT
ajfa-11810	21	1	by	by	ADP
ajfa-11810	21	2	revealing	reveal	VERB
ajfa-11810	21	3	extensive	extensive	ADJ
ajfa-11810	21	4	,	,	PUNCT
ajfa-11810	21	5	detailed	detailed	ADJ
ajfa-11810	21	6	information	information	NOUN
ajfa-11810	21	7	about	about	ADP
ajfa-11810	21	8	their	their	PRON
ajfa-11810	21	9	auditor	auditor	NOUN
ajfa-11810	21	10	,	,	PUNCT
ajfa-11810	21	11	and	and	CCONJ
ajfa-11810	21	12	audit	audit	NOUN
ajfa-11810	21	13	process	process	NOUN
ajfa-11810	21	14	,	,	PUNCT
ajfa-11810	21	15	firms	firm	NOUN
ajfa-11810	21	16	can	can	AUX
ajfa-11810	21	17	effectively	effectively	ADV
ajfa-11810	21	18	decrease	decrease	VERB
ajfa-11810	21	19	information	information	NOUN
ajfa-11810	21	20	asymmetries	asymmetry	NOUN
ajfa-11810	21	21	and	and	CCONJ
ajfa-11810	21	22	send	send	VERB
ajfa-11810	21	23	signals	signal	NOUN
ajfa-11810	21	24	about	about	ADP
ajfa-11810	21	25	their	their	PRON
ajfa-11810	21	26	increased	increase	VERB
ajfa-11810	21	27	financial	financial	ADJ
ajfa-11810	21	28	transparency	transparency	NOUN
ajfa-11810	21	29	(	(	PUNCT
ajfa-11810	21	30	danielsen	danielsen	PROPN
ajfa-11810	21	31	,	,	PUNCT
ajfa-11810	21	32	van	van	PROPN
ajfa-11810	21	33	ness	ness	PROPN
ajfa-11810	21	34	,	,	PUNCT
ajfa-11810	21	35	&	&	CCONJ
ajfa-11810	21	36	warr	warr	PROPN
ajfa-11810	21	37	,	,	PUNCT
ajfa-11810	21	38	2007	2007	NUM
ajfa-11810	21	39	;	;	PUNCT
ajfa-11810	21	40	danielsen	danielsen	PROPN
ajfa-11810	21	41	,	,	PUNCT
ajfa-11810	21	42	harrison	harrison	PROPN
ajfa-11810	21	43	,	,	PUNCT
ajfa-11810	21	44	van	van	PROPN
ajfa-11810	21	45	ness	ness	PROPN
ajfa-11810	21	46	,	,	PUNCT
ajfa-11810	21	47	&	&	CCONJ
ajfa-11810	21	48	warr	warr	PROPN
ajfa-11810	21	49	,	,	PUNCT
ajfa-11810	21	50	2009	2009	NUM
ajfa-11810	21	51	,	,	PUNCT
ajfa-11810	21	52	2014	2014	NUM
ajfa-11810	21	53	;	;	PUNCT
ajfa-11810	21	54	datar	datar	PROPN
ajfa-11810	21	55	,	,	PUNCT
ajfa-11810	21	56	feltham	feltham	PROPN
ajfa-11810	21	57	,	,	PUNCT
ajfa-11810	21	58	&	&	CCONJ
ajfa-11810	21	59	hughes	hughes	PROPN
ajfa-11810	21	60	,	,	PUNCT
ajfa-11810	21	61	1991	1991	NUM
ajfa-11810	21	62	;	;	PUNCT
ajfa-11810	21	63	feltham	feltham	PROPN
ajfa-11810	21	64	,	,	PUNCT
ajfa-11810	21	65	hughes	hughes	PROPN
ajfa-11810	21	66	,	,	PUNCT
ajfa-11810	21	67	&	&	CCONJ
ajfa-11810	21	68	simunic	simunic	ADJ
ajfa-11810	21	69	,	,	PUNCT
ajfa-11810	21	70	1991	1991	NUM
ajfa-11810	21	71	;	;	PUNCT
ajfa-11810	21	72	titman	titman	PROPN
ajfa-11810	21	73	&	&	CCONJ
ajfa-11810	21	74	trueman	trueman	PROPN
ajfa-11810	21	75	,	,	PUNCT
ajfa-11810	21	76	1986	1986	NUM
ajfa-11810	21	77	)	)	PUNCT
ajfa-11810	21	78	.	.	PUNCT
ajfa-11810	22	1	for	for	ADP
ajfa-11810	22	2	example	example	NOUN
ajfa-11810	22	3	,	,	PUNCT
ajfa-11810	22	4	research	research	NOUN
ajfa-11810	22	5	shows	show	VERB
ajfa-11810	22	6	that	that	SCONJ
ajfa-11810	22	7	firms	firm	NOUN
ajfa-11810	22	8	hire	hire	VERB
ajfa-11810	22	9	higher	high	ADJ
ajfa-11810	22	10	quality	quality	NOUN
ajfa-11810	22	11	auditors	auditor	NOUN
ajfa-11810	22	12	,	,	PUNCT
ajfa-11810	22	13	and	and	CCONJ
ajfa-11810	22	14	often	often	ADV
ajfa-11810	22	15	pay	pay	VERB
ajfa-11810	22	16	much	much	ADV
ajfa-11810	22	17	higher	high	ADJ
ajfa-11810	22	18	audit	audit	NOUN
ajfa-11810	22	19	fees	fee	NOUN
ajfa-11810	22	20	to	to	PART
ajfa-11810	22	21	signal	signal	VERB
ajfa-11810	22	22	investors	investor	NOUN
ajfa-11810	22	23	that	that	SCONJ
ajfa-11810	22	24	their	their	PRON
ajfa-11810	22	25	financial	financial	ADJ
ajfa-11810	22	26	information	information	NOUN
ajfa-11810	22	27	is	be	AUX
ajfa-11810	22	28	highly	highly	ADV
ajfa-11810	22	29	credible	credible	ADJ
ajfa-11810	22	30	(	(	PUNCT
ajfa-11810	22	31	datar	datar	ADJ
ajfa-11810	22	32	,	,	PUNCT
ajfa-11810	22	33	feltham	feltham	PROPN
ajfa-11810	22	34	,	,	PUNCT
ajfa-11810	22	35	&	&	CCONJ
ajfa-11810	22	36	hughes	hughes	PROPN
ajfa-11810	22	37	,	,	PUNCT
ajfa-11810	22	38	1991	1991	NUM
ajfa-11810	22	39	;	;	PUNCT
ajfa-11810	22	40	titman	titman	PROPN
ajfa-11810	22	41	&	&	CCONJ
ajfa-11810	22	42	trueman	trueman	PROPN
ajfa-11810	22	43	,	,	PUNCT
ajfa-11810	22	44	1986	1986	NUM
ajfa-11810	22	45	)	)	PUNCT
ajfa-11810	22	46	.	.	PUNCT
ajfa-11810	23	1	because	because	SCONJ
ajfa-11810	23	2	investors	investor	NOUN
ajfa-11810	23	3	interpret	interpret	VERB
ajfa-11810	23	4	the	the	DET
ajfa-11810	23	5	signal	signal	NOUN
ajfa-11810	23	6	to	to	PART
ajfa-11810	23	7	mean	mean	VERB
ajfa-11810	23	8	the	the	DET
ajfa-11810	23	9	auditor	auditor	NOUN
ajfa-11810	23	10	will	will	AUX
ajfa-11810	23	11	be	be	AUX
ajfa-11810	23	12	less	less	ADV
ajfa-11810	23	13	likely	likely	ADJ
ajfa-11810	23	14	to	to	PART
ajfa-11810	23	15	yield	yield	VERB
ajfa-11810	23	16	to	to	ADP
ajfa-11810	23	17	management	management	NOUN
ajfa-11810	23	18	pressures	pressure	NOUN
ajfa-11810	23	19	to	to	PART
ajfa-11810	23	20	withhold	withhold	VERB
ajfa-11810	23	21	or	or	CCONJ
ajfa-11810	23	22	obfuscate	obfuscate	VERB
ajfa-11810	23	23	negative	negative	ADJ
ajfa-11810	23	24	information	information	NOUN
ajfa-11810	23	25	,	,	PUNCT
ajfa-11810	23	26	they	they	PRON
ajfa-11810	23	27	often	often	ADV
ajfa-11810	23	28	view	view	VERB
ajfa-11810	23	29	the	the	DET
ajfa-11810	23	30	firm	firm	NOUN
ajfa-11810	23	31	as	as	ADP
ajfa-11810	23	32	being	be	AUX
ajfa-11810	23	33	more	more	ADV
ajfa-11810	23	34	financially	financially	ADV
ajfa-11810	23	35	transparent	transparent	ADJ
ajfa-11810	23	36	.	.	PUNCT
ajfa-11810	24	1	thus	thus	ADV
ajfa-11810	24	2	,	,	PUNCT
ajfa-11810	24	3	in	in	ADP
ajfa-11810	24	4	a	a	DET
ajfa-11810	24	5	sense	sense	NOUN
ajfa-11810	24	6	,	,	PUNCT
ajfa-11810	24	7	the	the	DET
ajfa-11810	24	8	firm	firm	NOUN
ajfa-11810	24	9	is	be	AUX
ajfa-11810	24	10	relying	rely	VERB
ajfa-11810	24	11	on	on	ADP
ajfa-11810	24	12	the	the	DET
ajfa-11810	24	13	reputational	reputational	ADJ
ajfa-11810	24	14	capital	capital	NOUN
ajfa-11810	24	15	of	of	ADP
ajfa-11810	24	16	the	the	DET
ajfa-11810	24	17	higher	high	ADJ
ajfa-11810	24	18	quality	quality	NOUN
ajfa-11810	24	19	,	,	PUNCT
ajfa-11810	24	20	more	more	ADV
ajfa-11810	24	21	expensive	expensive	ADJ
ajfa-11810	24	22	auditor	auditor	NOUN
ajfa-11810	24	23	to	to	PART
ajfa-11810	24	24	signal	signal	VERB
ajfa-11810	24	25	investors	investor	NOUN
ajfa-11810	24	26	that	that	SCONJ
ajfa-11810	24	27	they	they	PRON
ajfa-11810	24	28	are	be	AUX
ajfa-11810	24	29	more	more	ADV
ajfa-11810	24	30	financially	financially	ADV
ajfa-11810	24	31	transparent	transparent	ADJ
ajfa-11810	24	32	(	(	PUNCT
ajfa-11810	24	33	feltham	feltham	PROPN
ajfa-11810	24	34	,	,	PUNCT
ajfa-11810	24	35	hughes	hughes	PROPN
ajfa-11810	24	36	,	,	PUNCT
ajfa-11810	24	37	&	&	CCONJ
ajfa-11810	24	38	simunic	simunic	ADJ
ajfa-11810	24	39	,	,	PUNCT
ajfa-11810	24	40	1991	1991	NUM
ajfa-11810	24	41	)	)	PUNCT
ajfa-11810	24	42	.	.	PUNCT
ajfa-11810	25	1	if	if	SCONJ
ajfa-11810	25	2	firms	firm	NOUN
ajfa-11810	25	3	can	can	AUX
ajfa-11810	25	4	successfully	successfully	ADV
ajfa-11810	25	5	use	use	VERB
ajfa-11810	25	6	the	the	DET
ajfa-11810	25	7	audit	audit	NOUN
ajfa-11810	25	8	process	process	NOUN
ajfa-11810	25	9	to	to	PART
ajfa-11810	25	10	convey	convey	VERB
ajfa-11810	25	11	increased	increase	VERB
ajfa-11810	25	12	financial	financial	ADJ
ajfa-11810	25	13	transparency	transparency	NOUN
ajfa-11810	25	14	,	,	PUNCT
ajfa-11810	25	15	in	in	ADP
ajfa-11810	25	16	doing	do	VERB
ajfa-11810	25	17	so	so	ADV
ajfa-11810	25	18	,	,	PUNCT
ajfa-11810	25	19	logic	logic	NOUN
ajfa-11810	25	20	dictates	dictate	VERB
ajfa-11810	25	21	expectations	expectation	NOUN
ajfa-11810	25	22	of	of	ADP
ajfa-11810	25	23	heightened	heightened	ADJ
ajfa-11810	25	24	access	access	NOUN
ajfa-11810	25	25	to	to	ADP
ajfa-11810	25	26	capital	capital	NOUN
ajfa-11810	25	27	investment	investment	NOUN
ajfa-11810	25	28	.	.	PUNCT
ajfa-11810	26	1	thus	thus	ADV
ajfa-11810	26	2	far	far	ADV
ajfa-11810	26	3	,	,	PUNCT
ajfa-11810	26	4	however	however	ADV
ajfa-11810	26	5	,	,	PUNCT
ajfa-11810	26	6	there	there	PRON
ajfa-11810	26	7	has	have	AUX
ajfa-11810	26	8	been	be	AUX
ajfa-11810	26	9	no	no	DET
ajfa-11810	26	10	examination	examination	NOUN
ajfa-11810	26	11	of	of	ADP
ajfa-11810	26	12	whether	whether	SCONJ
ajfa-11810	26	13	increased	increase	VERB
ajfa-11810	26	14	transparency	transparency	NOUN
ajfa-11810	26	15	via	via	ADP
ajfa-11810	26	16	the	the	DET
ajfa-11810	26	17	auditing	auditing	NOUN
ajfa-11810	26	18	process	process	NOUN
ajfa-11810	26	19	leads	lead	VERB
ajfa-11810	26	20	to	to	ADP
ajfa-11810	26	21	better	well	ADJ
ajfa-11810	26	22	access	access	NOUN
ajfa-11810	26	23	to	to	ADP
ajfa-11810	26	24	capital	capital	NOUN
ajfa-11810	26	25	markets	market	NOUN
ajfa-11810	26	26	,	,	PUNCT
ajfa-11810	26	27	or	or	CCONJ
ajfa-11810	26	28	more	more	ADV
ajfa-11810	26	29	importantly	importantly	ADV
ajfa-11810	26	30	,	,	PUNCT
ajfa-11810	26	31	whether	whether	SCONJ
ajfa-11810	26	32	it	it	PRON
ajfa-11810	26	33	does	do	VERB
ajfa-11810	26	34	so	so	ADV
ajfa-11810	26	35	during	during	ADP
ajfa-11810	26	36	periods	period	NOUN
ajfa-11810	26	37	of	of	ADP
ajfa-11810	26	38	high	high	ADJ
ajfa-11810	26	39	capital	capital	NOUN
ajfa-11810	26	40	market	market	NOUN
ajfa-11810	26	41	illiquidity	illiquidity	NOUN
ajfa-11810	26	42	caused	cause	VERB
ajfa-11810	26	43	by	by	ADP
ajfa-11810	26	44	major	major	ADJ
ajfa-11810	26	45	financial	financial	ADJ
ajfa-11810	26	46	system	system	NOUN
ajfa-11810	26	47	shocks	shock	NOUN
ajfa-11810	26	48	.	.	PUNCT
ajfa-11810	27	1	in	in	ADP
ajfa-11810	27	2	this	this	DET
ajfa-11810	27	3	study	study	NOUN
ajfa-11810	27	4	,	,	PUNCT
ajfa-11810	27	5	we	we	PRON
ajfa-11810	27	6	examine	examine	VERB
ajfa-11810	27	7	the	the	DET
ajfa-11810	27	8	connection	connection	NOUN
ajfa-11810	27	9	between	between	ADP
ajfa-11810	27	10	reits	reit	NOUN
ajfa-11810	27	11	’	'	PUNCT
ajfa-11810	27	12	uses	use	NOUN
ajfa-11810	27	13	of	of	ADP
ajfa-11810	27	14	the	the	DET
ajfa-11810	27	15	audit	audit	NOUN
ajfa-11810	27	16	-	-	PUNCT
ajfa-11810	27	17	related	relate	VERB
ajfa-11810	27	18	attributes	attribute	NOUN
ajfa-11810	27	19	of	of	ADP
ajfa-11810	27	20	auditor	auditor	NOUN
ajfa-11810	27	21	quality	quality	NOUN
ajfa-11810	27	22	,	,	PUNCT
ajfa-11810	27	23	auditor	auditor	NOUN
ajfa-11810	27	24	specialization	specialization	NOUN
ajfa-11810	27	25	,	,	PUNCT
ajfa-11810	27	26	and	and	CCONJ
ajfa-11810	27	27	auditor	auditor	NOUN
ajfa-11810	27	28	reputation	reputation	NOUN
ajfa-11810	27	29	to	to	PART
ajfa-11810	27	30	signal	signal	VERB
ajfa-11810	27	31	increased	increase	VERB
ajfa-11810	27	32	financial	financial	ADJ
ajfa-11810	27	33	asian	asian	ADJ
ajfa-11810	27	34	journal	journal	NOUN
ajfa-11810	27	35	of	of	ADP
ajfa-11810	27	36	finance	finance	PROPN
ajfa-11810	27	37	&	&	CCONJ
ajfa-11810	27	38	accounting	accounting	PROPN
ajfa-11810	27	39	issn	issn	PROPN
ajfa-11810	27	40	1946	1946	NUM
ajfa-11810	27	41	-	-	PUNCT
ajfa-11810	27	42	052x	052x	NOUN
ajfa-11810	27	43	2018	2018	NUM
ajfa-11810	27	44	,	,	PUNCT
ajfa-11810	27	45	vol	vol	NOUN
ajfa-11810	27	46	.	.	PROPN
ajfa-11810	27	47	10	10	NUM
ajfa-11810	27	48	,	,	PUNCT
ajfa-11810	27	49	no	no	INTJ
ajfa-11810	27	50	.	.	NOUN
ajfa-11810	27	51	1	1	NUM
ajfa-11810	27	52	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	27	53	83	83	NUM
ajfa-11810	27	54	transparency	transparency	NOUN
ajfa-11810	27	55	,	,	PUNCT
ajfa-11810	27	56	and	and	CCONJ
ajfa-11810	27	57	reits	reit	NOUN
ajfa-11810	27	58	’	'	PUNCT
ajfa-11810	27	59	access	access	NOUN
ajfa-11810	27	60	to	to	ADP
ajfa-11810	27	61	capital	capital	NOUN
ajfa-11810	27	62	investment	investment	NOUN
ajfa-11810	27	63	.	.	PUNCT
ajfa-11810	28	1	this	this	PRON
ajfa-11810	28	2	is	be	AUX
ajfa-11810	28	3	an	an	DET
ajfa-11810	28	4	important	important	ADJ
ajfa-11810	28	5	issue	issue	NOUN
ajfa-11810	28	6	because	because	SCONJ
ajfa-11810	28	7	as	as	SCONJ
ajfa-11810	28	8	reits	reit	NOUN
ajfa-11810	28	9	must	must	AUX
ajfa-11810	28	10	frequently	frequently	ADV
ajfa-11810	28	11	access	access	VERB
ajfa-11810	28	12	capital	capital	NOUN
ajfa-11810	28	13	markets	market	NOUN
ajfa-11810	28	14	,	,	PUNCT
ajfa-11810	28	15	they	they	PRON
ajfa-11810	28	16	need	need	VERB
ajfa-11810	28	17	strategies	strategy	NOUN
ajfa-11810	28	18	that	that	PRON
ajfa-11810	28	19	enhance	enhance	VERB
ajfa-11810	28	20	their	their	PRON
ajfa-11810	28	21	efforts	effort	NOUN
ajfa-11810	28	22	to	to	PART
ajfa-11810	28	23	motivate	motivate	VERB
ajfa-11810	28	24	investment	investment	NOUN
ajfa-11810	28	25	.	.	PUNCT
ajfa-11810	29	1	moreover	moreover	ADV
ajfa-11810	29	2	,	,	PUNCT
ajfa-11810	29	3	for	for	ADP
ajfa-11810	29	4	reits	reit	NOUN
ajfa-11810	29	5	,	,	PUNCT
ajfa-11810	29	6	this	this	DET
ajfa-11810	29	7	issue	issue	NOUN
ajfa-11810	29	8	takes	take	VERB
ajfa-11810	29	9	on	on	ADP
ajfa-11810	29	10	added	add	VERB
ajfa-11810	29	11	significance	significance	NOUN
ajfa-11810	29	12	when	when	SCONJ
ajfa-11810	29	13	volatile	volatile	ADJ
ajfa-11810	29	14	financial	financial	ADJ
ajfa-11810	29	15	market	market	NOUN
ajfa-11810	29	16	conditions	condition	NOUN
ajfa-11810	29	17	make	make	VERB
ajfa-11810	29	18	accessing	access	VERB
ajfa-11810	29	19	capital	capital	NOUN
ajfa-11810	29	20	difficult	difficult	ADJ
ajfa-11810	29	21	.	.	PUNCT
ajfa-11810	30	1	overall	overall	ADV
ajfa-11810	30	2	,	,	PUNCT
ajfa-11810	30	3	we	we	PRON
ajfa-11810	30	4	find	find	VERB
ajfa-11810	30	5	that	that	SCONJ
ajfa-11810	30	6	capital	capital	NOUN
ajfa-11810	30	7	investment	investment	NOUN
ajfa-11810	30	8	is	be	AUX
ajfa-11810	30	9	positively	positively	ADV
ajfa-11810	30	10	and	and	CCONJ
ajfa-11810	30	11	significantly	significantly	ADV
ajfa-11810	30	12	associated	associate	VERB
ajfa-11810	30	13	with	with	ADP
ajfa-11810	30	14	three	three	NUM
ajfa-11810	30	15	commonly	commonly	ADV
ajfa-11810	30	16	used	use	VERB
ajfa-11810	30	17	audit	audit	NOUN
ajfa-11810	30	18	-	-	PUNCT
ajfa-11810	30	19	related	relate	VERB
ajfa-11810	30	20	attributes	attribute	NOUN
ajfa-11810	30	21	:	:	PUNCT
ajfa-11810	30	22	auditor	auditor	NOUN
ajfa-11810	30	23	quality	quality	NOUN
ajfa-11810	30	24	(	(	PUNCT
ajfa-11810	30	25	captured	capture	VERB
ajfa-11810	30	26	by	by	ADP
ajfa-11810	30	27	higher	high	ADJ
ajfa-11810	30	28	audit	audit	NOUN
ajfa-11810	30	29	fees	fee	NOUN
ajfa-11810	30	30	)	)	PUNCT
ajfa-11810	30	31	,	,	PUNCT
ajfa-11810	30	32	auditor	auditor	NOUN
ajfa-11810	30	33	specialization	specialization	NOUN
ajfa-11810	30	34	(	(	PUNCT
ajfa-11810	30	35	captured	capture	VERB
ajfa-11810	30	36	by	by	ADP
ajfa-11810	30	37	industry	industry	NOUN
ajfa-11810	30	38	-	-	PUNCT
ajfa-11810	30	39	audit	audit	NOUN
ajfa-11810	30	40	specialization	specialization	NOUN
ajfa-11810	30	41	)	)	PUNCT
ajfa-11810	30	42	,	,	PUNCT
ajfa-11810	30	43	and	and	CCONJ
ajfa-11810	30	44	auditor	auditor	NOUN
ajfa-11810	30	45	reputation	reputation	NOUN
ajfa-11810	30	46	(	(	PUNCT
ajfa-11810	30	47	captured	capture	VERB
ajfa-11810	30	48	by	by	ADP
ajfa-11810	30	49	the	the	DET
ajfa-11810	30	50	audit	audit	NOUN
ajfa-11810	30	51	firm	firm	NOUN
ajfa-11810	30	52	being	be	AUX
ajfa-11810	30	53	a	a	DET
ajfa-11810	30	54	big	big	ADJ
ajfa-11810	30	55	4	4	NUM
ajfa-11810	30	56	auditor	auditor	NOUN
ajfa-11810	30	57	)	)	PUNCT
ajfa-11810	30	58	.	.	PUNCT
ajfa-11810	31	1	after	after	ADP
ajfa-11810	31	2	controlling	control	VERB
ajfa-11810	31	3	for	for	ADP
ajfa-11810	31	4	the	the	DET
ajfa-11810	31	5	effects	effect	NOUN
ajfa-11810	31	6	of	of	ADP
ajfa-11810	31	7	the	the	DET
ajfa-11810	31	8	financial	financial	ADJ
ajfa-11810	31	9	crisis	crisis	NOUN
ajfa-11810	31	10	,	,	PUNCT
ajfa-11810	31	11	we	we	PRON
ajfa-11810	31	12	find	find	VERB
ajfa-11810	31	13	that	that	SCONJ
ajfa-11810	31	14	when	when	SCONJ
ajfa-11810	31	15	reits	reit	NOUN
ajfa-11810	31	16	seek	seek	VERB
ajfa-11810	31	17	to	to	PART
ajfa-11810	31	18	attract	attract	VERB
ajfa-11810	31	19	new	new	ADJ
ajfa-11810	31	20	capital	capital	NOUN
ajfa-11810	31	21	investment	investment	NOUN
ajfa-11810	31	22	,	,	PUNCT
ajfa-11810	31	23	using	use	VERB
ajfa-11810	31	24	the	the	DET
ajfa-11810	31	25	audit	audit	NOUN
ajfa-11810	31	26	process	process	NOUN
ajfa-11810	31	27	to	to	PART
ajfa-11810	31	28	increase	increase	VERB
ajfa-11810	31	29	financial	financial	ADJ
ajfa-11810	31	30	transparency	transparency	NOUN
ajfa-11810	31	31	is	be	AUX
ajfa-11810	31	32	just	just	ADV
ajfa-11810	31	33	as	as	ADV
ajfa-11810	31	34	important	important	ADJ
ajfa-11810	31	35	before	before	ADP
ajfa-11810	31	36	the	the	DET
ajfa-11810	31	37	crisis	crisis	NOUN
ajfa-11810	31	38	as	as	ADP
ajfa-11810	31	39	after	after	ADP
ajfa-11810	31	40	it	it	PRON
ajfa-11810	31	41	.	.	PUNCT
ajfa-11810	32	1	the	the	DET
ajfa-11810	32	2	remainder	remainder	NOUN
ajfa-11810	32	3	of	of	ADP
ajfa-11810	32	4	this	this	DET
ajfa-11810	32	5	paper	paper	NOUN
ajfa-11810	32	6	proceeds	proceed	NOUN
ajfa-11810	32	7	as	as	SCONJ
ajfa-11810	32	8	follows	follow	VERB
ajfa-11810	32	9	.	.	PUNCT
ajfa-11810	33	1	the	the	DET
ajfa-11810	33	2	next	next	ADJ
ajfa-11810	33	3	section	section	NOUN
ajfa-11810	33	4	discusses	discuss	VERB
ajfa-11810	33	5	existing	exist	VERB
ajfa-11810	33	6	research	research	NOUN
ajfa-11810	33	7	supporting	support	VERB
ajfa-11810	33	8	using	use	VERB
ajfa-11810	33	9	the	the	DET
ajfa-11810	33	10	audit	audit	NOUN
ajfa-11810	33	11	process	process	NOUN
ajfa-11810	33	12	to	to	PART
ajfa-11810	33	13	convey	convey	VERB
ajfa-11810	33	14	increased	increase	VERB
ajfa-11810	33	15	financial	financial	ADJ
ajfa-11810	33	16	transparency	transparency	NOUN
ajfa-11810	33	17	to	to	ADP
ajfa-11810	33	18	investors	investor	NOUN
ajfa-11810	33	19	.	.	PUNCT
ajfa-11810	34	1	the	the	DET
ajfa-11810	34	2	third	third	ADJ
ajfa-11810	34	3	section	section	NOUN
ajfa-11810	34	4	presents	present	VERB
ajfa-11810	34	5	hypotheses	hypothese	VERB
ajfa-11810	34	6	development	development	NOUN
ajfa-11810	34	7	.	.	PUNCT
ajfa-11810	35	1	the	the	DET
ajfa-11810	35	2	fourth	fourth	ADJ
ajfa-11810	35	3	section	section	NOUN
ajfa-11810	35	4	describes	describe	VERB
ajfa-11810	35	5	dataset	dataset	ADJ
ajfa-11810	35	6	construction	construction	NOUN
ajfa-11810	35	7	.	.	PUNCT
ajfa-11810	36	1	the	the	DET
ajfa-11810	36	2	fifth	fifth	ADJ
ajfa-11810	36	3	section	section	NOUN
ajfa-11810	36	4	outlines	outline	VERB
ajfa-11810	36	5	the	the	DET
ajfa-11810	36	6	study	study	NOUN
ajfa-11810	36	7	’s	’s	PART
ajfa-11810	36	8	research	research	NOUN
ajfa-11810	36	9	design	design	NOUN
ajfa-11810	36	10	and	and	CCONJ
ajfa-11810	36	11	methodology	methodology	NOUN
ajfa-11810	36	12	.	.	PUNCT
ajfa-11810	37	1	the	the	DET
ajfa-11810	37	2	sixth	sixth	ADJ
ajfa-11810	37	3	section	section	NOUN
ajfa-11810	37	4	presents	present	VERB
ajfa-11810	37	5	results	result	NOUN
ajfa-11810	37	6	and	and	CCONJ
ajfa-11810	37	7	analysis	analysis	NOUN
ajfa-11810	37	8	discussion	discussion	NOUN
ajfa-11810	37	9	.	.	PUNCT
ajfa-11810	38	1	the	the	DET
ajfa-11810	38	2	last	last	ADJ
ajfa-11810	38	3	section	section	NOUN
ajfa-11810	38	4	offers	offer	VERB
ajfa-11810	38	5	concluding	conclude	VERB
ajfa-11810	38	6	remarks	remark	NOUN
ajfa-11810	38	7	.	.	PUNCT
ajfa-11810	39	1	2	2	X
ajfa-11810	39	2	.	.	X
ajfa-11810	39	3	literature	literature	NOUN
ajfa-11810	39	4	review	review	VERB
ajfa-11810	39	5	we	we	PRON
ajfa-11810	39	6	base	base	VERB
ajfa-11810	39	7	our	our	PRON
ajfa-11810	39	8	examination	examination	NOUN
ajfa-11810	39	9	on	on	ADP
ajfa-11810	39	10	a	a	DET
ajfa-11810	39	11	wide	wide	ADV
ajfa-11810	39	12	-	-	PUNCT
ajfa-11810	39	13	ranging	range	VERB
ajfa-11810	39	14	,	,	PUNCT
ajfa-11810	39	15	well	well	ADV
ajfa-11810	39	16	-	-	PUNCT
ajfa-11810	39	17	developed	develop	VERB
ajfa-11810	39	18	body	body	NOUN
ajfa-11810	39	19	of	of	ADP
ajfa-11810	39	20	academic	academic	ADJ
ajfa-11810	39	21	literature	literature	NOUN
ajfa-11810	39	22	.	.	PUNCT
ajfa-11810	40	1	drawing	draw	VERB
ajfa-11810	40	2	on	on	ADP
ajfa-11810	40	3	economics	economic	NOUN
ajfa-11810	40	4	,	,	PUNCT
ajfa-11810	40	5	signaling	signal	VERB
ajfa-11810	40	6	theory	theory	NOUN
ajfa-11810	40	7	provides	provide	VERB
ajfa-11810	40	8	the	the	DET
ajfa-11810	40	9	foundation	foundation	NOUN
ajfa-11810	40	10	for	for	ADP
ajfa-11810	40	11	our	our	PRON
ajfa-11810	40	12	study	study	NOUN
ajfa-11810	40	13	.	.	PUNCT
ajfa-11810	41	1	guided	guide	VERB
ajfa-11810	41	2	by	by	ADP
ajfa-11810	41	3	the	the	DET
ajfa-11810	41	4	finance	finance	NOUN
ajfa-11810	41	5	literature	literature	NOUN
ajfa-11810	41	6	,	,	PUNCT
ajfa-11810	41	7	we	we	PRON
ajfa-11810	41	8	include	include	VERB
ajfa-11810	41	9	often	often	ADV
ajfa-11810	41	10	-	-	PUNCT
ajfa-11810	41	11	used	use	VERB
ajfa-11810	41	12	measures	measure	NOUN
ajfa-11810	41	13	to	to	PART
ajfa-11810	41	14	capture	capture	VERB
ajfa-11810	41	15	financial	financial	ADJ
ajfa-11810	41	16	transparency	transparency	NOUN
ajfa-11810	41	17	,	,	PUNCT
ajfa-11810	41	18	and	and	CCONJ
ajfa-11810	41	19	information	information	NOUN
ajfa-11810	41	20	asymmetry	asymmetry	NOUN
ajfa-11810	41	21	and	and	CCONJ
ajfa-11810	41	22	opacity	opacity	NOUN
ajfa-11810	41	23	.	.	PUNCT
ajfa-11810	42	1	following	follow	VERB
ajfa-11810	42	2	the	the	DET
ajfa-11810	42	3	auditing	auditing	NOUN
ajfa-11810	42	4	and	and	CCONJ
ajfa-11810	42	5	accounting	accounting	NOUN
ajfa-11810	42	6	literature	literature	NOUN
ajfa-11810	42	7	,	,	PUNCT
ajfa-11810	42	8	we	we	PRON
ajfa-11810	42	9	use	use	VERB
ajfa-11810	42	10	three	three	NUM
ajfa-11810	42	11	audit	audit	NOUN
ajfa-11810	42	12	-	-	PUNCT
ajfa-11810	42	13	related	relate	VERB
ajfa-11810	42	14	attributes	attribute	NOUN
ajfa-11810	42	15	to	to	ADP
ajfa-11810	42	16	proxy	proxy	NOUN
ajfa-11810	42	17	for	for	ADP
ajfa-11810	42	18	reits	reit	NOUN
ajfa-11810	42	19	’	'	PUNCT
ajfa-11810	42	20	efforts	effort	NOUN
ajfa-11810	42	21	to	to	PART
ajfa-11810	42	22	increase	increase	VERB
ajfa-11810	42	23	transparency	transparency	NOUN
ajfa-11810	42	24	.	.	PUNCT
ajfa-11810	43	1	finally	finally	ADV
ajfa-11810	43	2	,	,	PUNCT
ajfa-11810	43	3	we	we	PRON
ajfa-11810	43	4	take	take	VERB
ajfa-11810	43	5	into	into	ADP
ajfa-11810	43	6	account	account	NOUN
ajfa-11810	43	7	multiple	multiple	ADJ
ajfa-11810	43	8	reit	reit	NOUN
ajfa-11810	43	9	-	-	PUNCT
ajfa-11810	43	10	related	relate	VERB
ajfa-11810	43	11	regulatory	regulatory	ADJ
ajfa-11810	43	12	,	,	PUNCT
ajfa-11810	43	13	structural	structural	ADJ
ajfa-11810	43	14	,	,	PUNCT
ajfa-11810	43	15	investment	investment	NOUN
ajfa-11810	43	16	,	,	PUNCT
ajfa-11810	43	17	and	and	CCONJ
ajfa-11810	43	18	operational	operational	ADJ
ajfa-11810	43	19	characteristics	characteristic	NOUN
ajfa-11810	43	20	rooted	root	VERB
ajfa-11810	43	21	in	in	ADP
ajfa-11810	43	22	the	the	DET
ajfa-11810	43	23	real	real	ADJ
ajfa-11810	43	24	estate	estate	NOUN
ajfa-11810	43	25	literature	literature	NOUN
ajfa-11810	43	26	.	.	PUNCT
ajfa-11810	44	1	2.1	2.1	NUM
ajfa-11810	44	2	information	information	NOUN
ajfa-11810	44	3	asymmetry	asymmetry	NOUN
ajfa-11810	44	4	,	,	PUNCT
ajfa-11810	44	5	financial	financial	ADJ
ajfa-11810	44	6	transparency	transparency	NOUN
ajfa-11810	44	7	signaling	signaling	NOUN
ajfa-11810	44	8	,	,	PUNCT
ajfa-11810	44	9	liquidity	liquidity	NOUN
ajfa-11810	44	10	,	,	PUNCT
ajfa-11810	44	11	and	and	CCONJ
ajfa-11810	44	12	the	the	DET
ajfa-11810	44	13	audit	audit	NOUN
ajfa-11810	44	14	process	process	NOUN
ajfa-11810	44	15	although	although	SCONJ
ajfa-11810	44	16	providing	provide	VERB
ajfa-11810	44	17	financial	financial	ADJ
ajfa-11810	44	18	information	information	NOUN
ajfa-11810	44	19	can	can	AUX
ajfa-11810	44	20	reduce	reduce	VERB
ajfa-11810	44	21	information	information	NOUN
ajfa-11810	44	22	asymmetries	asymmetry	NOUN
ajfa-11810	44	23	between	between	ADP
ajfa-11810	44	24	firms	firm	NOUN
ajfa-11810	44	25	and	and	CCONJ
ajfa-11810	44	26	prospective	prospective	ADJ
ajfa-11810	44	27	investors	investor	NOUN
ajfa-11810	44	28	and	and	CCONJ
ajfa-11810	44	29	lenders	lender	NOUN
ajfa-11810	44	30	,	,	PUNCT
ajfa-11810	44	31	to	to	PART
ajfa-11810	44	32	be	be	AUX
ajfa-11810	44	33	effective	effective	ADJ
ajfa-11810	44	34	,	,	PUNCT
ajfa-11810	44	35	it	it	PRON
ajfa-11810	44	36	must	must	AUX
ajfa-11810	44	37	also	also	ADV
ajfa-11810	44	38	be	be	AUX
ajfa-11810	44	39	transparent	transparent	ADJ
ajfa-11810	44	40	(	(	PUNCT
ajfa-11810	44	41	bushman	bushman	PROPN
ajfa-11810	44	42	&	&	CCONJ
ajfa-11810	44	43	smith	smith	PROPN
ajfa-11810	44	44	,	,	PUNCT
ajfa-11810	44	45	2001	2001	NUM
ajfa-11810	44	46	,	,	PUNCT
ajfa-11810	44	47	2003	2003	NUM
ajfa-11810	44	48	;	;	PUNCT
ajfa-11810	44	49	diamond	diamond	NOUN
ajfa-11810	44	50	&	&	CCONJ
ajfa-11810	44	51	verrecchia	verrecchia	PROPN
ajfa-11810	44	52	,	,	PUNCT
ajfa-11810	44	53	1991	1991	NUM
ajfa-11810	44	54	;	;	PUNCT
ajfa-11810	44	55	fama	fama	PROPN
ajfa-11810	44	56	&	&	CCONJ
ajfa-11810	44	57	jensen	jensen	PROPN
ajfa-11810	44	58	,	,	PUNCT
ajfa-11810	44	59	1983	1983	NUM
ajfa-11810	44	60	)	)	PUNCT
ajfa-11810	44	61	.	.	PUNCT
ajfa-11810	45	1	to	to	PART
ajfa-11810	45	2	view	view	VERB
ajfa-11810	45	3	financial	financial	ADJ
ajfa-11810	45	4	information	information	NOUN
ajfa-11810	45	5	as	as	ADP
ajfa-11810	45	6	transparent	transparent	ADJ
ajfa-11810	45	7	,	,	PUNCT
ajfa-11810	45	8	the	the	DET
ajfa-11810	45	9	receiver	receiver	NOUN
ajfa-11810	45	10	must	must	AUX
ajfa-11810	45	11	believe	believe	VERB
ajfa-11810	45	12	that	that	SCONJ
ajfa-11810	45	13	both	both	CCONJ
ajfa-11810	45	14	the	the	DET
ajfa-11810	45	15	information	information	NOUN
ajfa-11810	45	16	itself	itself	PRON
ajfa-11810	45	17	and	and	CCONJ
ajfa-11810	45	18	its	its	PRON
ajfa-11810	45	19	sender	sender	NOUN
ajfa-11810	45	20	are	be	AUX
ajfa-11810	45	21	credible	credible	ADJ
ajfa-11810	45	22	(	(	PUNCT
ajfa-11810	45	23	spence	spence	NOUN
ajfa-11810	45	24	,	,	PUNCT
ajfa-11810	45	25	1973	1973	NUM
ajfa-11810	45	26	)	)	PUNCT
ajfa-11810	45	27	.	.	PUNCT
ajfa-11810	46	1	financial	financial	ADJ
ajfa-11810	46	2	transparency	transparency	NOUN
ajfa-11810	46	3	is	be	AUX
ajfa-11810	46	4	important	important	ADJ
ajfa-11810	46	5	to	to	ADP
ajfa-11810	46	6	investors	investor	NOUN
ajfa-11810	46	7	,	,	PUNCT
ajfa-11810	46	8	and	and	CCONJ
ajfa-11810	46	9	researchers	researcher	NOUN
ajfa-11810	46	10	show	show	VERB
ajfa-11810	46	11	that	that	SCONJ
ajfa-11810	46	12	firms	firm	NOUN
ajfa-11810	46	13	successfully	successfully	ADV
ajfa-11810	46	14	increase	increase	VERB
ajfa-11810	46	15	their	their	PRON
ajfa-11810	46	16	liquidity	liquidity	NOUN
ajfa-11810	46	17	by	by	ADP
ajfa-11810	46	18	becoming	become	VERB
ajfa-11810	46	19	more	more	ADV
ajfa-11810	46	20	financially	financially	ADV
ajfa-11810	46	21	transparent	transparent	ADJ
ajfa-11810	46	22	when	when	SCONJ
ajfa-11810	46	23	seeking	seek	VERB
ajfa-11810	46	24	new	new	ADJ
ajfa-11810	46	25	capital	capital	NOUN
ajfa-11810	46	26	investment	investment	NOUN
ajfa-11810	46	27	(	(	PUNCT
ajfa-11810	46	28	cohen	cohen	NOUN
ajfa-11810	46	29	,	,	PUNCT
ajfa-11810	46	30	krishnamoorthy	krishnamoorthy	ADJ
ajfa-11810	46	31	,	,	PUNCT
ajfa-11810	46	32	&	&	CCONJ
ajfa-11810	46	33	wright	wright	PROPN
ajfa-11810	46	34	,	,	PUNCT
ajfa-11810	46	35	2002	2002	NUM
ajfa-11810	46	36	;	;	PUNCT
ajfa-11810	46	37	danielsen	danielsen	VERB
ajfa-11810	46	38	et	et	PROPN
ajfa-11810	46	39	al	al	PROPN
ajfa-11810	46	40	.	.	PROPN
ajfa-11810	46	41	,	,	PUNCT
ajfa-11810	46	42	2014	2014	NUM
ajfa-11810	46	43	;	;	PUNCT
ajfa-11810	46	44	karamanou	karamanou	NOUN
ajfa-11810	46	45	&	&	CCONJ
ajfa-11810	46	46	vafeas	vafea	NOUN
ajfa-11810	46	47	,	,	PUNCT
ajfa-11810	46	48	2005	2005	NUM
ajfa-11810	46	49	)	)	PUNCT
ajfa-11810	46	50	.	.	PUNCT
ajfa-11810	47	1	francis	francis	PROPN
ajfa-11810	47	2	,	,	PUNCT
ajfa-11810	47	3	lys	lys	PROPN
ajfa-11810	47	4	,	,	PUNCT
ajfa-11810	47	5	and	and	CCONJ
ajfa-11810	47	6	vincent	vincent	PROPN
ajfa-11810	47	7	(	(	PUNCT
ajfa-11810	47	8	2004	2004	NUM
ajfa-11810	47	9	)	)	PUNCT
ajfa-11810	47	10	find	find	VERB
ajfa-11810	47	11	that	that	SCONJ
ajfa-11810	47	12	reits	reit	NOUN
ajfa-11810	47	13	typically	typically	ADV
ajfa-11810	47	14	experience	experience	VERB
ajfa-11810	47	15	more	more	ADV
ajfa-11810	47	16	favorable	favorable	ADJ
ajfa-11810	47	17	investor	investor	NOUN
ajfa-11810	47	18	reaction	reaction	NOUN
ajfa-11810	47	19	than	than	ADP
ajfa-11810	47	20	other	other	ADJ
ajfa-11810	47	21	types	type	NOUN
ajfa-11810	47	22	of	of	ADP
ajfa-11810	47	23	firms	firm	NOUN
ajfa-11810	47	24	when	when	SCONJ
ajfa-11810	47	25	issuing	issue	VERB
ajfa-11810	47	26	securities	security	NOUN
ajfa-11810	47	27	,	,	PUNCT
ajfa-11810	47	28	and	and	CCONJ
ajfa-11810	47	29	that	that	SCONJ
ajfa-11810	47	30	signaling	signal	VERB
ajfa-11810	47	31	plays	play	VERB
ajfa-11810	47	32	a	a	DET
ajfa-11810	47	33	significant	significant	ADJ
ajfa-11810	47	34	role	role	NOUN
ajfa-11810	47	35	in	in	ADP
ajfa-11810	47	36	the	the	DET
ajfa-11810	47	37	way	way	NOUN
ajfa-11810	47	38	investors	investor	NOUN
ajfa-11810	47	39	react	react	VERB
ajfa-11810	47	40	to	to	ADP
ajfa-11810	47	41	such	such	ADJ
ajfa-11810	47	42	offerings	offering	NOUN
ajfa-11810	47	43	.	.	PUNCT
ajfa-11810	48	1	hence	hence	ADV
ajfa-11810	48	2	,	,	PUNCT
ajfa-11810	48	3	signaling	signal	VERB
ajfa-11810	48	4	is	be	AUX
ajfa-11810	48	5	important	important	ADJ
ajfa-11810	48	6	to	to	ADP
ajfa-11810	48	7	firms	firm	NOUN
ajfa-11810	48	8	seeking	seek	VERB
ajfa-11810	48	9	to	to	PART
ajfa-11810	48	10	reduce	reduce	VERB
ajfa-11810	48	11	information	information	NOUN
ajfa-11810	48	12	asymmetries	asymmetry	NOUN
ajfa-11810	48	13	and	and	CCONJ
ajfa-11810	48	14	increase	increase	VERB
ajfa-11810	48	15	financial	financial	ADJ
ajfa-11810	48	16	transparency	transparency	NOUN
ajfa-11810	48	17	because	because	SCONJ
ajfa-11810	48	18	doing	do	VERB
ajfa-11810	48	19	so	so	ADV
ajfa-11810	48	20	enhances	enhance	VERB
ajfa-11810	48	21	their	their	PRON
ajfa-11810	48	22	abilities	ability	NOUN
ajfa-11810	48	23	to	to	PART
ajfa-11810	48	24	attract	attract	VERB
ajfa-11810	48	25	investment	investment	NOUN
ajfa-11810	48	26	.	.	PUNCT
ajfa-11810	49	1	for	for	ADP
ajfa-11810	49	2	firms	firm	NOUN
ajfa-11810	49	3	such	such	ADJ
ajfa-11810	49	4	as	as	ADP
ajfa-11810	49	5	reits	reit	NOUN
ajfa-11810	49	6	that	that	PRON
ajfa-11810	49	7	must	must	AUX
ajfa-11810	49	8	access	access	VERB
ajfa-11810	49	9	capital	capital	NOUN
ajfa-11810	49	10	often	often	ADV
ajfa-11810	49	11	to	to	PART
ajfa-11810	49	12	maintain	maintain	VERB
ajfa-11810	49	13	their	their	PRON
ajfa-11810	49	14	liquidity	liquidity	NOUN
ajfa-11810	49	15	,	,	PUNCT
ajfa-11810	49	16	successfully	successfully	ADV
ajfa-11810	49	17	signaling	signal	VERB
ajfa-11810	49	18	financial	financial	ADJ
ajfa-11810	49	19	transparency	transparency	NOUN
ajfa-11810	49	20	can	can	AUX
ajfa-11810	49	21	often	often	ADV
ajfa-11810	49	22	prove	prove	VERB
ajfa-11810	49	23	to	to	PART
ajfa-11810	49	24	be	be	AUX
ajfa-11810	49	25	critical	critical	ADJ
ajfa-11810	49	26	.	.	PUNCT
ajfa-11810	50	1	asian	asian	ADJ
ajfa-11810	50	2	journal	journal	PROPN
ajfa-11810	50	3	of	of	ADP
ajfa-11810	50	4	finance	finance	PROPN
ajfa-11810	50	5	&	&	CCONJ
ajfa-11810	50	6	accounting	accounting	PROPN
ajfa-11810	50	7	issn	issn	PROPN
ajfa-11810	50	8	1946	1946	NUM
ajfa-11810	50	9	-	-	PUNCT
ajfa-11810	50	10	052x	052x	NOUN
ajfa-11810	50	11	2018	2018	NUM
ajfa-11810	50	12	,	,	PUNCT
ajfa-11810	50	13	vol	vol	NOUN
ajfa-11810	50	14	.	.	PROPN
ajfa-11810	51	1	10	10	NUM
ajfa-11810	51	2	,	,	PUNCT
ajfa-11810	51	3	no	no	INTJ
ajfa-11810	51	4	.	.	NOUN
ajfa-11810	51	5	1	1	NUM
ajfa-11810	51	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	51	7	84	84	NUM
ajfa-11810	51	8	when	when	SCONJ
ajfa-11810	51	9	raising	raise	VERB
ajfa-11810	51	10	capital	capital	NOUN
ajfa-11810	51	11	,	,	PUNCT
ajfa-11810	51	12	firms	firm	NOUN
ajfa-11810	51	13	can	can	AUX
ajfa-11810	51	14	use	use	VERB
ajfa-11810	51	15	the	the	DET
ajfa-11810	51	16	audit	audit	NOUN
ajfa-11810	51	17	process	process	NOUN
ajfa-11810	51	18	to	to	PART
ajfa-11810	51	19	signal	signal	VERB
ajfa-11810	51	20	investors	investor	NOUN
ajfa-11810	51	21	about	about	ADP
ajfa-11810	51	22	their	their	PRON
ajfa-11810	51	23	reduced	reduce	VERB
ajfa-11810	51	24	information	information	NOUN
ajfa-11810	51	25	asymmetry	asymmetry	NOUN
ajfa-11810	51	26	and	and	CCONJ
ajfa-11810	51	27	increased	increase	VERB
ajfa-11810	51	28	financial	financial	ADJ
ajfa-11810	51	29	transparency	transparency	NOUN
ajfa-11810	51	30	(	(	PUNCT
ajfa-11810	51	31	healy	healy	PROPN
ajfa-11810	51	32	&	&	CCONJ
ajfa-11810	51	33	palepu	palepu	PROPN
ajfa-11810	51	34	,	,	PUNCT
ajfa-11810	51	35	2001	2001	NUM
ajfa-11810	51	36	)	)	PUNCT
ajfa-11810	51	37	.	.	PUNCT
ajfa-11810	52	1	firms	firm	NOUN
ajfa-11810	52	2	can	can	AUX
ajfa-11810	52	3	signal	signal	VERB
ajfa-11810	52	4	their	their	PRON
ajfa-11810	52	5	financial	financial	ADJ
ajfa-11810	52	6	transparency	transparency	NOUN
ajfa-11810	52	7	,	,	PUNCT
ajfa-11810	52	8	and	and	CCONJ
ajfa-11810	52	9	by	by	ADP
ajfa-11810	52	10	extension	extension	NOUN
ajfa-11810	52	11	,	,	PUNCT
ajfa-11810	52	12	their	their	PRON
ajfa-11810	52	13	credibility	credibility	NOUN
ajfa-11810	52	14	,	,	PUNCT
ajfa-11810	52	15	by	by	ADP
ajfa-11810	52	16	providing	provide	VERB
ajfa-11810	52	17	highly	highly	ADV
ajfa-11810	52	18	accurate	accurate	ADJ
ajfa-11810	52	19	and	and	CCONJ
ajfa-11810	52	20	reliable	reliable	ADJ
ajfa-11810	52	21	audited	audit	VERB
ajfa-11810	52	22	financial	financial	ADJ
ajfa-11810	52	23	statements	statement	NOUN
ajfa-11810	52	24	(	(	PUNCT
ajfa-11810	52	25	hope	hope	NOUN
ajfa-11810	52	26	,	,	PUNCT
ajfa-11810	52	27	thomas	thomas	PROPN
ajfa-11810	52	28	,	,	PUNCT
ajfa-11810	52	29	&	&	CCONJ
ajfa-11810	52	30	vyas	vyas	PROPN
ajfa-11810	52	31	,	,	PUNCT
ajfa-11810	52	32	2009	2009	NUM
ajfa-11810	52	33	)	)	PUNCT
ajfa-11810	52	34	.	.	PUNCT
ajfa-11810	53	1	to	to	PART
ajfa-11810	53	2	be	be	AUX
ajfa-11810	53	3	credible	credible	ADJ
ajfa-11810	53	4	,	,	PUNCT
ajfa-11810	53	5	signals	signal	NOUN
ajfa-11810	53	6	must	must	AUX
ajfa-11810	53	7	be	be	AUX
ajfa-11810	53	8	costly	costly	ADJ
ajfa-11810	53	9	and	and	CCONJ
ajfa-11810	53	10	difficult	difficult	ADJ
ajfa-11810	53	11	to	to	PART
ajfa-11810	53	12	replicate	replicate	VERB
ajfa-11810	53	13	(	(	PUNCT
ajfa-11810	53	14	spence	spence	NOUN
ajfa-11810	53	15	,	,	PUNCT
ajfa-11810	53	16	1973	1973	NUM
ajfa-11810	53	17	)	)	PUNCT
ajfa-11810	53	18	.	.	PUNCT
ajfa-11810	54	1	three	three	NUM
ajfa-11810	54	2	audit	audit	NOUN
ajfa-11810	54	3	process	process	NOUN
ajfa-11810	54	4	attributes	attribute	VERB
ajfa-11810	54	5	investors	investor	NOUN
ajfa-11810	54	6	use	use	VERB
ajfa-11810	54	7	to	to	PART
ajfa-11810	54	8	evaluate	evaluate	VERB
ajfa-11810	54	9	a	a	DET
ajfa-11810	54	10	firm	firm	NOUN
ajfa-11810	54	11	’s	’s	PART
ajfa-11810	54	12	financial	financial	ADJ
ajfa-11810	54	13	transparency	transparency	NOUN
ajfa-11810	54	14	are	be	AUX
ajfa-11810	54	15	hiring	hire	VERB
ajfa-11810	54	16	high	high	ADJ
ajfa-11810	54	17	quality	quality	NOUN
ajfa-11810	54	18	auditors	auditor	NOUN
ajfa-11810	54	19	(	(	PUNCT
ajfa-11810	54	20	costs	cost	NOUN
ajfa-11810	54	21	associated	associate	VERB
ajfa-11810	54	22	with	with	ADP
ajfa-11810	54	23	higher	high	ADJ
ajfa-11810	54	24	audit	audit	NOUN
ajfa-11810	54	25	fees	fee	NOUN
ajfa-11810	54	26	)	)	PUNCT
ajfa-11810	54	27	,	,	PUNCT
ajfa-11810	54	28	audit	audit	NOUN
ajfa-11810	54	29	industry	industry	NOUN
ajfa-11810	54	30	specialists	specialist	NOUN
ajfa-11810	54	31	(	(	PUNCT
ajfa-11810	54	32	costs	cost	NOUN
ajfa-11810	54	33	associated	associate	VERB
ajfa-11810	54	34	with	with	ADP
ajfa-11810	54	35	industry	industry	NOUN
ajfa-11810	54	36	audit	audit	NOUN
ajfa-11810	54	37	specialization	specialization	NOUN
ajfa-11810	54	38	)	)	PUNCT
ajfa-11810	54	39	,	,	PUNCT
ajfa-11810	54	40	and	and	CCONJ
ajfa-11810	54	41	audit	audit	NOUN
ajfa-11810	54	42	firms	firm	NOUN
ajfa-11810	54	43	with	with	ADP
ajfa-11810	54	44	superior	superior	ADJ
ajfa-11810	54	45	reputations	reputation	NOUN
ajfa-11810	54	46	(	(	PUNCT
ajfa-11810	54	47	costs	cost	NOUN
ajfa-11810	54	48	associated	associate	VERB
ajfa-11810	54	49	with	with	ADP
ajfa-11810	54	50	big	big	ADJ
ajfa-11810	54	51	4	4	NUM
ajfa-11810	54	52	audit	audit	NOUN
ajfa-11810	54	53	firm	firm	ADJ
ajfa-11810	54	54	status	status	NOUN
ajfa-11810	54	55	)	)	PUNCT
ajfa-11810	54	56	(	(	PUNCT
ajfa-11810	54	57	datar	datar	ADP
ajfa-11810	54	58	et	et	PROPN
ajfa-11810	54	59	al	al	PROPN
ajfa-11810	54	60	.	.	PROPN
ajfa-11810	54	61	,	,	PUNCT
ajfa-11810	54	62	1991	1991	NUM
ajfa-11810	54	63	;	;	PUNCT
ajfa-11810	54	64	titman	titman	PROPN
ajfa-11810	54	65	&	&	CCONJ
ajfa-11810	54	66	trueman	trueman	PROPN
ajfa-11810	54	67	,	,	PUNCT
ajfa-11810	54	68	1986	1986	NUM
ajfa-11810	54	69	)	)	PUNCT
ajfa-11810	54	70	.	.	PUNCT
ajfa-11810	55	1	2.2financial	2.2financial	NUM
ajfa-11810	55	2	transparency	transparency	NOUN
ajfa-11810	55	3	and	and	CCONJ
ajfa-11810	55	4	auditor	auditor	NOUN
ajfa-11810	55	5	quality	quality	NOUN
ajfa-11810	55	6	numerous	numerous	ADJ
ajfa-11810	55	7	studies	study	NOUN
ajfa-11810	55	8	use	use	VERB
ajfa-11810	55	9	audit	audit	NOUN
ajfa-11810	55	10	fees	fee	NOUN
ajfa-11810	55	11	to	to	PART
ajfa-11810	55	12	signal	signal	VERB
ajfa-11810	55	13	financial	financial	ADJ
ajfa-11810	55	14	transparency	transparency	NOUN
ajfa-11810	55	15	.	.	PUNCT
ajfa-11810	56	1	danielsen	danielsen	PROPN
ajfa-11810	56	2	et	et	PROPN
ajfa-11810	56	3	al	al	PROPN
ajfa-11810	56	4	.	.	PROPN
ajfa-11810	57	1	(	(	PUNCT
ajfa-11810	57	2	2009	2009	NUM
ajfa-11810	57	3	)	)	PUNCT
ajfa-11810	57	4	examine	examine	VERB
ajfa-11810	57	5	which	which	PRON
ajfa-11810	57	6	firms	firm	NOUN
ajfa-11810	57	7	are	be	AUX
ajfa-11810	57	8	most	most	ADV
ajfa-11810	57	9	likely	likely	ADJ
ajfa-11810	57	10	to	to	PART
ajfa-11810	57	11	benefit	benefit	VERB
ajfa-11810	57	12	from	from	ADP
ajfa-11810	57	13	a	a	DET
ajfa-11810	57	14	higher	high	ADJ
ajfa-11810	57	15	priced	price	VERB
ajfa-11810	57	16	audit	audit	NOUN
ajfa-11810	57	17	.	.	PUNCT
ajfa-11810	58	1	they	they	PRON
ajfa-11810	58	2	find	find	VERB
ajfa-11810	58	3	that	that	SCONJ
ajfa-11810	58	4	firms	firm	NOUN
ajfa-11810	58	5	that	that	PRON
ajfa-11810	58	6	signal	signal	VERB
ajfa-11810	58	7	greater	great	ADJ
ajfa-11810	58	8	financial	financial	ADJ
ajfa-11810	58	9	transparency	transparency	NOUN
ajfa-11810	58	10	through	through	ADP
ajfa-11810	58	11	heavier	heavy	ADJ
ajfa-11810	58	12	investment	investment	NOUN
ajfa-11810	58	13	in	in	ADP
ajfa-11810	58	14	audit	audit	NOUN
ajfa-11810	58	15	services	service	NOUN
ajfa-11810	58	16	reduce	reduce	VERB
ajfa-11810	58	17	their	their	PRON
ajfa-11810	58	18	capital	capital	NOUN
ajfa-11810	58	19	costs	cost	NOUN
ajfa-11810	58	20	when	when	SCONJ
ajfa-11810	58	21	offering	offer	VERB
ajfa-11810	58	22	seasoned	seasoned	ADJ
ajfa-11810	58	23	equity	equity	NOUN
ajfa-11810	58	24	issues	issue	NOUN
ajfa-11810	58	25	.	.	PUNCT
ajfa-11810	59	1	beatty	beatty	PROPN
ajfa-11810	59	2	(	(	PUNCT
ajfa-11810	59	3	1989	1989	NUM
ajfa-11810	59	4	)	)	PUNCT
ajfa-11810	59	5	finds	find	VERB
ajfa-11810	59	6	that	that	SCONJ
ajfa-11810	59	7	firms	firm	NOUN
ajfa-11810	59	8	who	who	PRON
ajfa-11810	59	9	pay	pay	VERB
ajfa-11810	59	10	a	a	DET
ajfa-11810	59	11	premium	premium	NOUN
ajfa-11810	59	12	for	for	ADP
ajfa-11810	59	13	audit	audit	NOUN
ajfa-11810	59	14	services	service	NOUN
ajfa-11810	59	15	have	have	VERB
ajfa-11810	59	16	lower	low	ADJ
ajfa-11810	59	17	initial	initial	ADJ
ajfa-11810	59	18	returns	return	NOUN
ajfa-11810	59	19	after	after	ADP
ajfa-11810	59	20	going	go	VERB
ajfa-11810	59	21	public	public	ADJ
ajfa-11810	59	22	,	,	PUNCT
ajfa-11810	59	23	which	which	PRON
ajfa-11810	59	24	suggests	suggest	VERB
ajfa-11810	59	25	that	that	SCONJ
ajfa-11810	59	26	firms	firm	NOUN
ajfa-11810	59	27	willing	willing	ADJ
ajfa-11810	59	28	to	to	PART
ajfa-11810	59	29	pay	pay	VERB
ajfa-11810	59	30	more	more	ADJ
ajfa-11810	59	31	for	for	ADP
ajfa-11810	59	32	audit	audit	NOUN
ajfa-11810	59	33	services	service	NOUN
ajfa-11810	59	34	do	do	VERB
ajfa-11810	59	35	so	so	ADV
ajfa-11810	59	36	to	to	PART
ajfa-11810	59	37	send	send	VERB
ajfa-11810	59	38	investors	investor	NOUN
ajfa-11810	59	39	signals	signal	NOUN
ajfa-11810	59	40	of	of	ADP
ajfa-11810	59	41	increased	increase	VERB
ajfa-11810	59	42	financial	financial	ADJ
ajfa-11810	59	43	transparency	transparency	NOUN
ajfa-11810	59	44	.	.	PUNCT
ajfa-11810	60	1	higgs	higgs	PROPN
ajfa-11810	60	2	and	and	CCONJ
ajfa-11810	60	3	skantz	skantz	PROPN
ajfa-11810	60	4	(	(	PUNCT
ajfa-11810	60	5	2006	2006	NUM
ajfa-11810	60	6	)	)	PUNCT
ajfa-11810	60	7	conclude	conclude	VERB
ajfa-11810	60	8	that	that	SCONJ
ajfa-11810	60	9	investors	investor	NOUN
ajfa-11810	60	10	interpret	interpret	VERB
ajfa-11810	60	11	high	high	ADJ
ajfa-11810	60	12	audit	audit	NOUN
ajfa-11810	60	13	fees	fee	NOUN
ajfa-11810	60	14	as	as	ADP
ajfa-11810	60	15	signals	signal	NOUN
ajfa-11810	60	16	of	of	ADP
ajfa-11810	60	17	a	a	DET
ajfa-11810	60	18	firm	firm	NOUN
ajfa-11810	60	19	’s	’s	PART
ajfa-11810	60	20	commitment	commitment	NOUN
ajfa-11810	60	21	to	to	ADP
ajfa-11810	60	22	high	high	ADJ
ajfa-11810	60	23	earnings	earning	NOUN
ajfa-11810	60	24	quality	quality	NOUN
ajfa-11810	60	25	.	.	PUNCT
ajfa-11810	61	1	hay	hay	PROPN
ajfa-11810	61	2	and	and	CCONJ
ajfa-11810	61	3	davis	davis	PROPN
ajfa-11810	61	4	(	(	PUNCT
ajfa-11810	61	5	2002	2002	NUM
ajfa-11810	61	6	)	)	PUNCT
ajfa-11810	61	7	find	find	VERB
ajfa-11810	61	8	that	that	SCONJ
ajfa-11810	61	9	firms	firm	NOUN
ajfa-11810	61	10	seeking	seek	VERB
ajfa-11810	61	11	higher	high	ADJ
ajfa-11810	61	12	quality	quality	NOUN
ajfa-11810	61	13	audits	audits	NOUN
ajfa-11810	61	14	do	do	VERB
ajfa-11810	61	15	so	so	ADV
ajfa-11810	61	16	for	for	ADP
ajfa-11810	61	17	signaling	signal	VERB
ajfa-11810	61	18	reasons	reason	NOUN
ajfa-11810	61	19	.	.	PUNCT
ajfa-11810	62	1	peel	peel	NOUN
ajfa-11810	62	2	and	and	CCONJ
ajfa-11810	62	3	roberts	roberts	PROPN
ajfa-11810	62	4	(	(	PUNCT
ajfa-11810	62	5	2003	2003	NUM
ajfa-11810	62	6	)	)	PUNCT
ajfa-11810	62	7	find	find	VERB
ajfa-11810	62	8	that	that	SCONJ
ajfa-11810	62	9	small	small	ADJ
ajfa-11810	62	10	firms	firm	NOUN
ajfa-11810	62	11	willingly	willingly	ADV
ajfa-11810	62	12	hire	hire	VERB
ajfa-11810	62	13	higher	high	ADJ
ajfa-11810	62	14	priced	price	VERB
ajfa-11810	62	15	audit	audit	NOUN
ajfa-11810	62	16	firms	firm	NOUN
ajfa-11810	62	17	to	to	PART
ajfa-11810	62	18	send	send	VERB
ajfa-11810	62	19	signals	signal	NOUN
ajfa-11810	62	20	of	of	ADP
ajfa-11810	62	21	operations	operation	NOUN
ajfa-11810	62	22	and	and	CCONJ
ajfa-11810	62	23	earnings	earning	NOUN
ajfa-11810	62	24	quality	quality	NOUN
ajfa-11810	62	25	to	to	ADP
ajfa-11810	62	26	investors	investor	NOUN
ajfa-11810	62	27	.	.	PUNCT
ajfa-11810	63	1	danielson	danielson	PROPN
ajfa-11810	63	2	et	et	PROPN
ajfa-11810	63	3	al	al	PROPN
ajfa-11810	63	4	.	.	PROPN
ajfa-11810	63	5	,	,	PUNCT
ajfa-11810	63	6	(	(	PUNCT
ajfa-11810	63	7	2009	2009	NUM
ajfa-11810	63	8	)	)	PUNCT
ajfa-11810	63	9	,	,	PUNCT
ajfa-11810	63	10	suggest	suggest	VERB
ajfa-11810	63	11	that	that	SCONJ
ajfa-11810	63	12	because	because	SCONJ
ajfa-11810	63	13	reits	reit	NOUN
ajfa-11810	63	14	can	can	AUX
ajfa-11810	63	15	derive	derive	VERB
ajfa-11810	63	16	benefits	benefit	NOUN
ajfa-11810	63	17	from	from	ADP
ajfa-11810	63	18	hiring	hire	VERB
ajfa-11810	63	19	high	high	ADJ
ajfa-11810	63	20	quality	quality	NOUN
ajfa-11810	63	21	auditors	auditor	NOUN
ajfa-11810	63	22	,	,	PUNCT
ajfa-11810	63	23	doing	do	VERB
ajfa-11810	63	24	so	so	ADV
ajfa-11810	63	25	to	to	PART
ajfa-11810	63	26	convey	convey	VERB
ajfa-11810	63	27	financial	financial	ADJ
ajfa-11810	63	28	transparency	transparency	NOUN
ajfa-11810	63	29	can	can	AUX
ajfa-11810	63	30	be	be	AUX
ajfa-11810	63	31	an	an	DET
ajfa-11810	63	32	important	important	ADJ
ajfa-11810	63	33	aspect	aspect	NOUN
ajfa-11810	63	34	of	of	ADP
ajfa-11810	63	35	reits	reit	NOUN
ajfa-11810	63	36	’	'	PUNCT
ajfa-11810	63	37	capital	capital	NOUN
ajfa-11810	63	38	structure	structure	NOUN
ajfa-11810	63	39	mechanisms	mechanism	NOUN
ajfa-11810	63	40	.	.	PUNCT
ajfa-11810	64	1	it	it	PRON
ajfa-11810	64	2	seems	seem	VERB
ajfa-11810	64	3	logical	logical	ADJ
ajfa-11810	64	4	,	,	PUNCT
ajfa-11810	64	5	therefore	therefore	ADV
ajfa-11810	64	6	,	,	PUNCT
ajfa-11810	64	7	that	that	SCONJ
ajfa-11810	64	8	if	if	SCONJ
ajfa-11810	64	9	using	use	VERB
ajfa-11810	64	10	vigorous	vigorous	ADJ
ajfa-11810	64	11	audit	audit	NOUN
ajfa-11810	64	12	services	service	NOUN
ajfa-11810	64	13	“	"	PUNCT
ajfa-11810	64	14	can	can	AUX
ajfa-11810	64	15	improve	improve	VERB
ajfa-11810	64	16	liquidity	liquidity	NOUN
ajfa-11810	64	17	for	for	ADP
ajfa-11810	64	18	any	any	DET
ajfa-11810	64	19	firm	firm	NOUN
ajfa-11810	64	20	,	,	PUNCT
ajfa-11810	64	21	it	it	PRON
ajfa-11810	64	22	seems	seem	VERB
ajfa-11810	64	23	especially	especially	ADV
ajfa-11810	64	24	likely	likely	ADJ
ajfa-11810	64	25	to	to	PART
ajfa-11810	64	26	do	do	VERB
ajfa-11810	64	27	so	so	ADV
ajfa-11810	64	28	for	for	ADP
ajfa-11810	64	29	reits	reit	NOUN
ajfa-11810	64	30	”	"	PUNCT
ajfa-11810	64	31	(	(	PUNCT
ajfa-11810	64	32	danielsen	danielsen	VERB
ajfa-11810	64	33	et	et	PROPN
ajfa-11810	64	34	al	al	PROPN
ajfa-11810	64	35	.	.	PROPN
ajfa-11810	64	36	,	,	PUNCT
ajfa-11810	64	37	2009	2009	NUM
ajfa-11810	64	38	,	,	PUNCT
ajfa-11810	64	39	p.	p.	NOUN
ajfa-11810	64	40	517	517	NUM
ajfa-11810	64	41	)	)	PUNCT
ajfa-11810	64	42	.	.	PUNCT
ajfa-11810	65	1	2.3financial	2.3financial	NUM
ajfa-11810	65	2	transparency	transparency	NOUN
ajfa-11810	65	3	and	and	CCONJ
ajfa-11810	65	4	auditor	auditor	NOUN
ajfa-11810	65	5	specialization	specialization	NOUN
ajfa-11810	65	6	reit	reit	PROPN
ajfa-11810	65	7	audits	audit	NOUN
ajfa-11810	65	8	are	be	AUX
ajfa-11810	65	9	complex	complex	ADJ
ajfa-11810	65	10	,	,	PUNCT
ajfa-11810	65	11	partly	partly	ADV
ajfa-11810	65	12	because	because	SCONJ
ajfa-11810	65	13	they	they	PRON
ajfa-11810	65	14	operate	operate	VERB
ajfa-11810	65	15	in	in	ADP
ajfa-11810	65	16	a	a	DET
ajfa-11810	65	17	highly	highly	ADV
ajfa-11810	65	18	regulated	regulated	ADJ
ajfa-11810	65	19	environment	environment	NOUN
ajfa-11810	65	20	,	,	PUNCT
ajfa-11810	65	21	and	and	CCONJ
ajfa-11810	65	22	partly	partly	ADV
ajfa-11810	65	23	because	because	SCONJ
ajfa-11810	65	24	the	the	DET
ajfa-11810	65	25	majority	majority	NOUN
ajfa-11810	65	26	of	of	ADP
ajfa-11810	65	27	their	their	PRON
ajfa-11810	65	28	assets	asset	NOUN
ajfa-11810	65	29	are	be	AUX
ajfa-11810	65	30	valuation	valuation	NOUN
ajfa-11810	65	31	driven	drive	VERB
ajfa-11810	65	32	.	.	PUNCT
ajfa-11810	66	1	equity	equity	NOUN
ajfa-11810	66	2	reits	reit	NOUN
ajfa-11810	66	3	hold	hold	VERB
ajfa-11810	66	4	independent	independent	ADJ
ajfa-11810	66	5	,	,	PUNCT
ajfa-11810	66	6	self	self	NOUN
ajfa-11810	66	7	-	-	PUNCT
ajfa-11810	66	8	contained	contain	VERB
ajfa-11810	66	9	property	property	NOUN
ajfa-11810	66	10	investments	investment	NOUN
ajfa-11810	66	11	,	,	PUNCT
ajfa-11810	66	12	each	each	PRON
ajfa-11810	66	13	with	with	ADP
ajfa-11810	66	14	their	their	PRON
ajfa-11810	66	15	own	own	ADJ
ajfa-11810	66	16	sources	source	NOUN
ajfa-11810	66	17	and	and	CCONJ
ajfa-11810	66	18	uses	use	NOUN
ajfa-11810	66	19	of	of	ADP
ajfa-11810	66	20	funds	fund	NOUN
ajfa-11810	66	21	,	,	PUNCT
ajfa-11810	66	22	and	and	CCONJ
ajfa-11810	66	23	each	each	PRON
ajfa-11810	66	24	with	with	ADP
ajfa-11810	66	25	their	their	PRON
ajfa-11810	66	26	own	own	ADJ
ajfa-11810	66	27	varying	vary	VERB
ajfa-11810	66	28	degrees	degree	NOUN
ajfa-11810	66	29	of	of	ADP
ajfa-11810	66	30	risk	risk	NOUN
ajfa-11810	66	31	.	.	PUNCT
ajfa-11810	67	1	these	these	PRON
ajfa-11810	67	2	may	may	AUX
ajfa-11810	67	3	be	be	AUX
ajfa-11810	67	4	difficult	difficult	ADJ
ajfa-11810	67	5	for	for	SCONJ
ajfa-11810	67	6	the	the	DET
ajfa-11810	67	7	auditor	auditor	NOUN
ajfa-11810	67	8	to	to	PART
ajfa-11810	67	9	understand	understand	VERB
ajfa-11810	67	10	or	or	CCONJ
ajfa-11810	67	11	value	value	NOUN
ajfa-11810	67	12	(	(	PUNCT
ajfa-11810	67	13	danielsen	danielsen	VERB
ajfa-11810	67	14	et	et	PROPN
ajfa-11810	67	15	al	al	PROPN
ajfa-11810	67	16	.	.	PROPN
ajfa-11810	67	17	,	,	PUNCT
ajfa-11810	67	18	2009	2009	NUM
ajfa-11810	67	19	;	;	PUNCT
ajfa-11810	67	20	friday	friday	PROPN
ajfa-11810	67	21	&	&	CCONJ
ajfa-11810	67	22	sirmans	sirmans	PROPN
ajfa-11810	67	23	,	,	PUNCT
ajfa-11810	67	24	1998	1998	NUM
ajfa-11810	67	25	)	)	PUNCT
ajfa-11810	67	26	.	.	PUNCT
ajfa-11810	68	1	because	because	SCONJ
ajfa-11810	68	2	mortgage	mortgage	NOUN
ajfa-11810	68	3	reits	reit	NOUN
ajfa-11810	68	4	hold	hold	VERB
ajfa-11810	68	5	myriad	myriad	ADJ
ajfa-11810	68	6	commercial	commercial	ADJ
ajfa-11810	68	7	mortgage	mortgage	NOUN
ajfa-11810	68	8	-	-	PUNCT
ajfa-11810	68	9	backed	back	VERB
ajfa-11810	68	10	securities	security	NOUN
ajfa-11810	68	11	,	,	PUNCT
ajfa-11810	68	12	real	real	ADJ
ajfa-11810	68	13	estate	estate	NOUN
ajfa-11810	68	14	mortgage	mortgage	NOUN
ajfa-11810	68	15	notes	note	NOUN
ajfa-11810	68	16	,	,	PUNCT
ajfa-11810	68	17	and	and	CCONJ
ajfa-11810	68	18	other	other	ADJ
ajfa-11810	68	19	types	type	NOUN
ajfa-11810	68	20	of	of	ADP
ajfa-11810	68	21	real	real	ADJ
ajfa-11810	68	22	estate	estate	NOUN
ajfa-11810	68	23	credit	credit	NOUN
ajfa-11810	68	24	facilities	facility	NOUN
ajfa-11810	68	25	,	,	PUNCT
ajfa-11810	68	26	without	without	ADP
ajfa-11810	68	27	a	a	DET
ajfa-11810	68	28	thorough	thorough	ADJ
ajfa-11810	68	29	understanding	understanding	NOUN
ajfa-11810	68	30	of	of	ADP
ajfa-11810	68	31	the	the	DET
ajfa-11810	68	32	specific	specific	ADJ
ajfa-11810	68	33	risks	risk	NOUN
ajfa-11810	68	34	associated	associate	VERB
ajfa-11810	68	35	with	with	ADP
ajfa-11810	68	36	each	each	DET
ajfa-11810	68	37	instrument	instrument	NOUN
ajfa-11810	68	38	within	within	ADP
ajfa-11810	68	39	the	the	DET
ajfa-11810	68	40	portfolio	portfolio	NOUN
ajfa-11810	68	41	,	,	PUNCT
ajfa-11810	68	42	auditing	audit	VERB
ajfa-11810	68	43	a	a	DET
ajfa-11810	68	44	mortgage	mortgage	NOUN
ajfa-11810	68	45	reit	reit	NOUN
ajfa-11810	68	46	might	might	AUX
ajfa-11810	68	47	prove	prove	VERB
ajfa-11810	68	48	difficult	difficult	ADJ
ajfa-11810	68	49	.	.	PUNCT
ajfa-11810	69	1	reits	reit	NOUN
ajfa-11810	69	2	can	can	AUX
ajfa-11810	69	3	signal	signal	VERB
ajfa-11810	69	4	investors	investor	NOUN
ajfa-11810	69	5	about	about	ADP
ajfa-11810	69	6	their	their	PRON
ajfa-11810	69	7	efforts	effort	NOUN
ajfa-11810	69	8	to	to	PART
ajfa-11810	69	9	increase	increase	VERB
ajfa-11810	69	10	financial	financial	ADJ
ajfa-11810	69	11	transparency	transparency	NOUN
ajfa-11810	69	12	by	by	ADP
ajfa-11810	69	13	hiring	hire	VERB
ajfa-11810	69	14	reit	reit	NOUN
ajfa-11810	69	15	industry	industry	NOUN
ajfa-11810	69	16	-	-	PUNCT
ajfa-11810	69	17	audit	audit	NOUN
ajfa-11810	69	18	specialists	specialist	NOUN
ajfa-11810	69	19	.	.	PUNCT
ajfa-11810	70	1	hiring	hire	VERB
ajfa-11810	70	2	an	an	DET
ajfa-11810	70	3	auditor	auditor	NOUN
ajfa-11810	70	4	with	with	ADP
ajfa-11810	70	5	industry	industry	NOUN
ajfa-11810	70	6	specialization	specialization	NOUN
ajfa-11810	70	7	is	be	AUX
ajfa-11810	70	8	likely	likely	ADJ
ajfa-11810	70	9	to	to	PART
ajfa-11810	70	10	play	play	VERB
ajfa-11810	70	11	an	an	DET
ajfa-11810	70	12	important	important	ADJ
ajfa-11810	70	13	role	role	NOUN
ajfa-11810	70	14	in	in	ADP
ajfa-11810	70	15	conveying	convey	VERB
ajfa-11810	70	16	financial	financial	ADJ
ajfa-11810	70	17	transparency	transparency	NOUN
ajfa-11810	70	18	to	to	ADP
ajfa-11810	70	19	the	the	DET
ajfa-11810	70	20	markets	market	NOUN
ajfa-11810	70	21	,	,	PUNCT
ajfa-11810	70	22	especially	especially	ADV
ajfa-11810	70	23	when	when	SCONJ
ajfa-11810	70	24	the	the	DET
ajfa-11810	70	25	auditee	auditee	NOUN
ajfa-11810	70	26	presents	present	VERB
ajfa-11810	70	27	a	a	DET
ajfa-11810	70	28	complex	complex	ADJ
ajfa-11810	70	29	audit	audit	NOUN
ajfa-11810	70	30	(	(	PUNCT
ajfa-11810	70	31	abdolmohammadi	abdolmohammadi	NOUN
ajfa-11810	70	32	,	,	PUNCT
ajfa-11810	70	33	searfoss	searfoss	NOUN
ajfa-11810	70	34	,	,	PUNCT
ajfa-11810	70	35	&	&	CCONJ
ajfa-11810	70	36	shanteau	shanteau	PROPN
ajfa-11810	70	37	,	,	PUNCT
ajfa-11810	70	38	2004	2004	NUM
ajfa-11810	70	39	)	)	PUNCT
ajfa-11810	70	40	.	.	PUNCT
ajfa-11810	71	1	choosing	choose	VERB
ajfa-11810	71	2	to	to	PART
ajfa-11810	71	3	specialize	specialize	VERB
ajfa-11810	71	4	in	in	ADP
ajfa-11810	71	5	a	a	DET
ajfa-11810	71	6	particular	particular	ADJ
ajfa-11810	71	7	industry	industry	NOUN
ajfa-11810	71	8	is	be	AUX
ajfa-11810	71	9	not	not	PART
ajfa-11810	71	10	a	a	DET
ajfa-11810	71	11	decision	decision	NOUN
ajfa-11810	71	12	that	that	PRON
ajfa-11810	71	13	audit	audit	NOUN
ajfa-11810	71	14	firms	firm	NOUN
ajfa-11810	71	15	take	take	VERB
ajfa-11810	71	16	lightly	lightly	ADV
ajfa-11810	71	17	,	,	PUNCT
ajfa-11810	71	18	as	as	SCONJ
ajfa-11810	71	19	doing	do	VERB
ajfa-11810	71	20	so	so	ADV
ajfa-11810	71	21	requires	require	VERB
ajfa-11810	71	22	committing	commit	VERB
ajfa-11810	71	23	substantial	substantial	ADJ
ajfa-11810	71	24	amounts	amount	NOUN
ajfa-11810	71	25	of	of	ADP
ajfa-11810	71	26	time	time	NOUN
ajfa-11810	71	27	and	and	CCONJ
ajfa-11810	71	28	money	money	NOUN
ajfa-11810	71	29	to	to	PART
ajfa-11810	71	30	train	train	VERB
ajfa-11810	71	31	audit	audit	NOUN
ajfa-11810	71	32	personnel	personnel	NOUN
ajfa-11810	71	33	on	on	ADP
ajfa-11810	71	34	the	the	DET
ajfa-11810	71	35	asian	asian	ADJ
ajfa-11810	71	36	journal	journal	NOUN
ajfa-11810	71	37	of	of	ADP
ajfa-11810	71	38	finance	finance	PROPN
ajfa-11810	71	39	&	&	CCONJ
ajfa-11810	71	40	accounting	accounting	PROPN
ajfa-11810	71	41	issn	issn	PROPN
ajfa-11810	71	42	1946	1946	NUM
ajfa-11810	71	43	-	-	PUNCT
ajfa-11810	71	44	052x	052x	NOUN
ajfa-11810	71	45	2018	2018	NUM
ajfa-11810	71	46	,	,	PUNCT
ajfa-11810	71	47	vol	vol	NOUN
ajfa-11810	71	48	.	.	PROPN
ajfa-11810	71	49	10	10	NUM
ajfa-11810	71	50	,	,	PUNCT
ajfa-11810	71	51	no	no	INTJ
ajfa-11810	71	52	.	.	NOUN
ajfa-11810	71	53	1	1	NUM
ajfa-11810	71	54	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	71	55	85	85	NUM
ajfa-11810	71	56	workings	working	NOUN
ajfa-11810	71	57	of	of	ADP
ajfa-11810	71	58	a	a	DET
ajfa-11810	71	59	particular	particular	ADJ
ajfa-11810	71	60	industry	industry	NOUN
ajfa-11810	71	61	(	(	PUNCT
ajfa-11810	71	62	lim	lim	PROPN
ajfa-11810	71	63	&	&	CCONJ
ajfa-11810	71	64	tan	tan	PROPN
ajfa-11810	71	65	,	,	PUNCT
ajfa-11810	71	66	2010	2010	NUM
ajfa-11810	71	67	)	)	PUNCT
ajfa-11810	71	68	.	.	PUNCT
ajfa-11810	72	1	because	because	SCONJ
ajfa-11810	72	2	of	of	ADP
ajfa-11810	72	3	the	the	DET
ajfa-11810	72	4	auditor	auditor	NOUN
ajfa-11810	72	5	’s	’s	PART
ajfa-11810	72	6	advanced	advanced	ADJ
ajfa-11810	72	7	knowledge	knowledge	NOUN
ajfa-11810	72	8	about	about	ADP
ajfa-11810	72	9	the	the	DET
ajfa-11810	72	10	specific	specific	ADJ
ajfa-11810	72	11	nature	nature	NOUN
ajfa-11810	72	12	of	of	ADP
ajfa-11810	72	13	an	an	DET
ajfa-11810	72	14	auditee	auditee	NOUN
ajfa-11810	72	15	’s	’s	PART
ajfa-11810	72	16	industry	industry	NOUN
ajfa-11810	72	17	,	,	PUNCT
ajfa-11810	72	18	it	it	PRON
ajfa-11810	72	19	is	be	AUX
ajfa-11810	72	20	less	less	ADV
ajfa-11810	72	21	likely	likely	ADJ
ajfa-11810	72	22	its	its	PRON
ajfa-11810	72	23	managers	manager	NOUN
ajfa-11810	72	24	will	will	AUX
ajfa-11810	72	25	deceive	deceive	VERB
ajfa-11810	72	26	or	or	CCONJ
ajfa-11810	72	27	mislead	mislead	VERB
ajfa-11810	72	28	the	the	DET
ajfa-11810	72	29	auditor	auditor	NOUN
ajfa-11810	72	30	(	(	PUNCT
ajfa-11810	72	31	solomon	solomon	PROPN
ajfa-11810	72	32	,	,	PUNCT
ajfa-11810	72	33	shields	shield	NOUN
ajfa-11810	72	34	,	,	PUNCT
ajfa-11810	72	35	&	&	CCONJ
ajfa-11810	72	36	whittington	whittington	PROPN
ajfa-11810	72	37	,	,	PUNCT
ajfa-11810	72	38	1999	1999	NUM
ajfa-11810	72	39	)	)	PUNCT
ajfa-11810	72	40	.	.	PUNCT
ajfa-11810	73	1	equally	equally	ADV
ajfa-11810	73	2	important	important	ADJ
ajfa-11810	73	3	is	be	AUX
ajfa-11810	73	4	that	that	PRON
ajfa-11810	73	5	precisely	precisely	ADV
ajfa-11810	73	6	because	because	SCONJ
ajfa-11810	73	7	of	of	ADP
ajfa-11810	73	8	the	the	DET
ajfa-11810	73	9	audit	audit	NOUN
ajfa-11810	73	10	firm	firm	NOUN
ajfa-11810	73	11	’s	’s	PART
ajfa-11810	73	12	industry	industry	NOUN
ajfa-11810	73	13	specialization	specialization	NOUN
ajfa-11810	73	14	,	,	PUNCT
ajfa-11810	73	15	safeguarding	safeguard	VERB
ajfa-11810	73	16	its	its	PRON
ajfa-11810	73	17	reputational	reputational	ADJ
ajfa-11810	73	18	capital	capital	NOUN
ajfa-11810	73	19	is	be	AUX
ajfa-11810	73	20	also	also	ADV
ajfa-11810	73	21	an	an	DET
ajfa-11810	73	22	important	important	ADJ
ajfa-11810	73	23	incentive	incentive	NOUN
ajfa-11810	73	24	for	for	SCONJ
ajfa-11810	73	25	the	the	DET
ajfa-11810	73	26	auditor	auditor	NOUN
ajfa-11810	73	27	to	to	PART
ajfa-11810	73	28	perform	perform	VERB
ajfa-11810	73	29	quality	quality	NOUN
ajfa-11810	73	30	audits	audits	NOUN
ajfa-11810	73	31	(	(	PUNCT
ajfa-11810	73	32	watts	watts	PROPN
ajfa-11810	73	33	&	&	CCONJ
ajfa-11810	73	34	zimmerman	zimmerman	PROPN
ajfa-11810	73	35	,	,	PUNCT
ajfa-11810	73	36	1983	1983	NUM
ajfa-11810	73	37	)	)	PUNCT
ajfa-11810	73	38	.	.	PUNCT
ajfa-11810	74	1	investors	investor	NOUN
ajfa-11810	74	2	understand	understand	VERB
ajfa-11810	74	3	industry	industry	NOUN
ajfa-11810	74	4	-	-	PUNCT
ajfa-11810	74	5	audit	audit	NOUN
ajfa-11810	74	6	specialists	specialist	NOUN
ajfa-11810	74	7	have	have	VERB
ajfa-11810	74	8	more	more	ADJ
ajfa-11810	74	9	to	to	PART
ajfa-11810	74	10	lose	lose	VERB
ajfa-11810	74	11	.	.	PUNCT
ajfa-11810	75	1	because	because	SCONJ
ajfa-11810	75	2	they	they	PRON
ajfa-11810	75	3	value	value	VERB
ajfa-11810	75	4	the	the	DET
ajfa-11810	75	5	significance	significance	NOUN
ajfa-11810	75	6	of	of	ADP
ajfa-11810	75	7	an	an	DET
ajfa-11810	75	8	audit	audit	NOUN
ajfa-11810	75	9	firm	firm	NOUN
ajfa-11810	75	10	’s	’s	PART
ajfa-11810	75	11	commitment	commitment	NOUN
ajfa-11810	75	12	to	to	ADP
ajfa-11810	75	13	becoming	become	VERB
ajfa-11810	75	14	an	an	DET
ajfa-11810	75	15	industry	industry	NOUN
ajfa-11810	75	16	specialist	specialist	NOUN
ajfa-11810	75	17	,	,	PUNCT
ajfa-11810	75	18	they	they	PRON
ajfa-11810	75	19	also	also	ADV
ajfa-11810	75	20	realize	realize	VERB
ajfa-11810	75	21	that	that	SCONJ
ajfa-11810	75	22	firms	firm	NOUN
ajfa-11810	75	23	often	often	ADV
ajfa-11810	75	24	hire	hire	VERB
ajfa-11810	75	25	industry	industry	NOUN
ajfa-11810	75	26	-	-	PUNCT
ajfa-11810	75	27	audit	audit	NOUN
ajfa-11810	75	28	specialists	specialist	NOUN
ajfa-11810	75	29	to	to	PART
ajfa-11810	75	30	improve	improve	VERB
ajfa-11810	75	31	their	their	PRON
ajfa-11810	75	32	disclosures	disclosure	NOUN
ajfa-11810	75	33	(	(	PUNCT
ajfa-11810	75	34	dunn	dunn	PROPN
ajfa-11810	75	35	&	&	CCONJ
ajfa-11810	75	36	mayhew	mayhew	PROPN
ajfa-11810	75	37	,	,	PUNCT
ajfa-11810	75	38	2004	2004	NUM
ajfa-11810	75	39	)	)	PUNCT
ajfa-11810	75	40	,	,	PUNCT
ajfa-11810	75	41	thereby	thereby	ADV
ajfa-11810	75	42	enhancing	enhance	VERB
ajfa-11810	75	43	their	their	PRON
ajfa-11810	75	44	transparency	transparency	NOUN
ajfa-11810	75	45	.	.	PUNCT
ajfa-11810	76	1	2.4financial	2.4financial	NUM
ajfa-11810	76	2	transparency	transparency	NOUN
ajfa-11810	76	3	and	and	CCONJ
ajfa-11810	76	4	auditor	auditor	NOUN
ajfa-11810	76	5	reputation	reputation	NOUN
ajfa-11810	76	6	auditor	auditor	NOUN
ajfa-11810	76	7	reputation	reputation	NOUN
ajfa-11810	76	8	is	be	AUX
ajfa-11810	76	9	often	often	ADV
ajfa-11810	76	10	associated	associate	VERB
ajfa-11810	76	11	with	with	ADP
ajfa-11810	76	12	auditor	auditor	NOUN
ajfa-11810	76	13	size	size	NOUN
ajfa-11810	76	14	,	,	PUNCT
ajfa-11810	76	15	because	because	SCONJ
ajfa-11810	76	16	larger	large	ADJ
ajfa-11810	76	17	audit	audit	NOUN
ajfa-11810	76	18	firms	firm	NOUN
ajfa-11810	76	19	have	have	VERB
ajfa-11810	76	20	more	more	ADJ
ajfa-11810	76	21	resources	resource	NOUN
ajfa-11810	76	22	and	and	CCONJ
ajfa-11810	76	23	can	can	AUX
ajfa-11810	76	24	provide	provide	VERB
ajfa-11810	76	25	higher	high	ADJ
ajfa-11810	76	26	quality	quality	NOUN
ajfa-11810	76	27	audits	audits	NOUN
ajfa-11810	76	28	than	than	ADP
ajfa-11810	76	29	smaller	small	ADJ
ajfa-11810	76	30	audit	audit	NOUN
ajfa-11810	76	31	firms	firm	NOUN
ajfa-11810	76	32	can	can	AUX
ajfa-11810	76	33	(	(	PUNCT
ajfa-11810	76	34	deangelo	deangelo	PROPN
ajfa-11810	76	35	,	,	PUNCT
ajfa-11810	76	36	1981	1981	NUM
ajfa-11810	76	37	)	)	PUNCT
ajfa-11810	76	38	.	.	PUNCT
ajfa-11810	77	1	simunic	simunic	PROPN
ajfa-11810	77	2	and	and	CCONJ
ajfa-11810	77	3	stein	stein	PROPN
ajfa-11810	77	4	(	(	PUNCT
ajfa-11810	77	5	1987	1987	NUM
ajfa-11810	77	6	)	)	PUNCT
ajfa-11810	77	7	,	,	PUNCT
ajfa-11810	77	8	beatty	beatty	PROPN
ajfa-11810	77	9	(	(	PUNCT
ajfa-11810	77	10	1989	1989	NUM
ajfa-11810	77	11	)	)	PUNCT
ajfa-11810	77	12	,	,	PUNCT
ajfa-11810	77	13	and	and	CCONJ
ajfa-11810	77	14	chan	chan	PROPN
ajfa-11810	77	15	,	,	PUNCT
ajfa-11810	77	16	ezzamel	ezzamel	NOUN
ajfa-11810	77	17	,	,	PUNCT
ajfa-11810	77	18	and	and	CCONJ
ajfa-11810	77	19	gwilliam	gwilliam	NOUN
ajfa-11810	77	20	(	(	PUNCT
ajfa-11810	77	21	1993	1993	NUM
ajfa-11810	77	22	)	)	PUNCT
ajfa-11810	77	23	show	show	VERB
ajfa-11810	77	24	that	that	SCONJ
ajfa-11810	77	25	large	large	ADJ
ajfa-11810	77	26	audit	audit	NOUN
ajfa-11810	77	27	firms	firm	NOUN
ajfa-11810	77	28	charge	charge	VERB
ajfa-11810	77	29	higher	high	ADJ
ajfa-11810	77	30	audit	audit	NOUN
ajfa-11810	77	31	fees	fee	NOUN
ajfa-11810	77	32	than	than	ADP
ajfa-11810	77	33	their	their	PRON
ajfa-11810	77	34	smaller	small	ADJ
ajfa-11810	77	35	competitors	competitor	NOUN
ajfa-11810	77	36	because	because	SCONJ
ajfa-11810	77	37	of	of	ADP
ajfa-11810	77	38	the	the	DET
ajfa-11810	77	39	demand	demand	NOUN
ajfa-11810	77	40	for	for	ADP
ajfa-11810	77	41	their	their	PRON
ajfa-11810	77	42	higher	high	ADJ
ajfa-11810	77	43	quality	quality	NOUN
ajfa-11810	77	44	services	service	NOUN
ajfa-11810	77	45	,	,	PUNCT
ajfa-11810	77	46	generally	generally	ADV
ajfa-11810	77	47	driven	drive	VERB
ajfa-11810	77	48	by	by	ADP
ajfa-11810	77	49	their	their	PRON
ajfa-11810	77	50	higher	high	ADJ
ajfa-11810	77	51	audit	audit	NOUN
ajfa-11810	77	52	quality	quality	NOUN
ajfa-11810	77	53	reputation	reputation	NOUN
ajfa-11810	77	54	.	.	PUNCT
ajfa-11810	78	1	audit	audit	NOUN
ajfa-11810	78	2	firm	firm	ADJ
ajfa-11810	78	3	size	size	NOUN
ajfa-11810	78	4	and	and	CCONJ
ajfa-11810	78	5	reputation	reputation	NOUN
ajfa-11810	78	6	are	be	AUX
ajfa-11810	78	7	also	also	ADV
ajfa-11810	78	8	likely	likely	ADJ
ajfa-11810	78	9	to	to	PART
ajfa-11810	78	10	convey	convey	VERB
ajfa-11810	78	11	information	information	NOUN
ajfa-11810	78	12	about	about	ADP
ajfa-11810	78	13	the	the	DET
ajfa-11810	78	14	financial	financial	ADJ
ajfa-11810	78	15	transparency	transparency	NOUN
ajfa-11810	78	16	of	of	ADP
ajfa-11810	78	17	the	the	DET
ajfa-11810	78	18	auditee	auditee	NOUN
ajfa-11810	78	19	.	.	PUNCT
ajfa-11810	79	1	because	because	SCONJ
ajfa-11810	79	2	hiring	hire	VERB
ajfa-11810	79	3	auditors	auditor	NOUN
ajfa-11810	79	4	with	with	ADP
ajfa-11810	79	5	higher	high	ADJ
ajfa-11810	79	6	quality	quality	NOUN
ajfa-11810	79	7	reputations	reputation	NOUN
ajfa-11810	79	8	is	be	AUX
ajfa-11810	79	9	costly	costly	ADJ
ajfa-11810	79	10	,	,	PUNCT
ajfa-11810	79	11	firms	firm	NOUN
ajfa-11810	79	12	often	often	ADV
ajfa-11810	79	13	do	do	VERB
ajfa-11810	79	14	so	so	ADV
ajfa-11810	79	15	as	as	ADP
ajfa-11810	79	16	a	a	DET
ajfa-11810	79	17	way	way	NOUN
ajfa-11810	79	18	of	of	ADP
ajfa-11810	79	19	signaling	signal	VERB
ajfa-11810	79	20	increased	increase	VERB
ajfa-11810	79	21	financial	financial	ADJ
ajfa-11810	79	22	transparency	transparency	NOUN
ajfa-11810	79	23	to	to	ADP
ajfa-11810	79	24	investors	investor	NOUN
ajfa-11810	79	25	(	(	PUNCT
ajfa-11810	79	26	titman	titman	NOUN
ajfa-11810	79	27	and	and	CCONJ
ajfa-11810	79	28	trueman	trueman	NOUN
ajfa-11810	79	29	,	,	PUNCT
ajfa-11810	79	30	1986	1986	NUM
ajfa-11810	79	31	;	;	PUNCT
ajfa-11810	79	32	feltham	feltham	PROPN
ajfa-11810	79	33	et	et	PROPN
ajfa-11810	79	34	al	al	PROPN
ajfa-11810	79	35	.	.	PROPN
ajfa-11810	79	36	,	,	PUNCT
ajfa-11810	79	37	1991	1991	NUM
ajfa-11810	79	38	)	)	PUNCT
ajfa-11810	79	39	.	.	PUNCT
ajfa-11810	80	1	when	when	SCONJ
ajfa-11810	80	2	firms	firm	NOUN
ajfa-11810	80	3	hire	hire	VERB
ajfa-11810	80	4	auditors	auditor	NOUN
ajfa-11810	80	5	with	with	ADP
ajfa-11810	80	6	higher	high	ADJ
ajfa-11810	80	7	quality	quality	NOUN
ajfa-11810	80	8	reputations	reputation	NOUN
ajfa-11810	80	9	(	(	PUNCT
ajfa-11810	80	10	such	such	ADJ
ajfa-11810	80	11	as	as	ADP
ajfa-11810	80	12	big	big	ADJ
ajfa-11810	80	13	4	4	NUM
ajfa-11810	80	14	firms	firm	NOUN
ajfa-11810	80	15	)	)	PUNCT
ajfa-11810	80	16	,	,	PUNCT
ajfa-11810	80	17	they	they	PRON
ajfa-11810	80	18	also	also	ADV
ajfa-11810	80	19	benefit	benefit	VERB
ajfa-11810	80	20	from	from	ADP
ajfa-11810	80	21	the	the	DET
ajfa-11810	80	22	reputational	reputational	ADJ
ajfa-11810	80	23	quality	quality	NOUN
ajfa-11810	80	24	of	of	ADP
ajfa-11810	80	25	the	the	DET
ajfa-11810	80	26	audit	audit	NOUN
ajfa-11810	80	27	firm	firm	NOUN
ajfa-11810	80	28	(	(	PUNCT
ajfa-11810	80	29	danielson	danielson	PROPN
ajfa-11810	80	30	et	et	PROPN
ajfa-11810	80	31	al	al	PROPN
ajfa-11810	80	32	.	.	PROPN
ajfa-11810	80	33	,	,	PUNCT
ajfa-11810	80	34	2007	2007	NUM
ajfa-11810	80	35	)	)	PUNCT
ajfa-11810	80	36	.	.	PUNCT
ajfa-11810	81	1	when	when	SCONJ
ajfa-11810	81	2	information	information	NOUN
ajfa-11810	81	3	asymmetry	asymmetry	NOUN
ajfa-11810	81	4	is	be	AUX
ajfa-11810	81	5	high	high	ADJ
ajfa-11810	81	6	,	,	PUNCT
ajfa-11810	81	7	such	such	ADJ
ajfa-11810	81	8	as	as	ADP
ajfa-11810	81	9	when	when	SCONJ
ajfa-11810	81	10	a	a	DET
ajfa-11810	81	11	firm	firm	NOUN
ajfa-11810	81	12	is	be	AUX
ajfa-11810	81	13	preparing	prepare	VERB
ajfa-11810	81	14	to	to	PART
ajfa-11810	81	15	issue	issue	VERB
ajfa-11810	81	16	equity	equity	NOUN
ajfa-11810	81	17	for	for	ADP
ajfa-11810	81	18	the	the	DET
ajfa-11810	81	19	first	first	ADJ
ajfa-11810	81	20	time	time	NOUN
ajfa-11810	81	21	,	,	PUNCT
ajfa-11810	81	22	firms	firm	NOUN
ajfa-11810	81	23	are	be	AUX
ajfa-11810	81	24	more	more	ADV
ajfa-11810	81	25	likely	likely	ADJ
ajfa-11810	81	26	to	to	PART
ajfa-11810	81	27	engage	engage	VERB
ajfa-11810	81	28	a	a	DET
ajfa-11810	81	29	larger	large	ADJ
ajfa-11810	81	30	audit	audit	NOUN
ajfa-11810	81	31	firm	firm	NOUN
ajfa-11810	81	32	(	(	PUNCT
ajfa-11810	81	33	e.g.	e.g.	ADV
ajfa-11810	81	34	big	big	ADJ
ajfa-11810	81	35	4	4	NUM
ajfa-11810	81	36	auditor	auditor	NOUN
ajfa-11810	81	37	)	)	PUNCT
ajfa-11810	81	38	to	to	PART
ajfa-11810	81	39	signal	signal	VERB
ajfa-11810	81	40	financial	financial	ADJ
ajfa-11810	81	41	transparency	transparency	NOUN
ajfa-11810	81	42	.	.	PUNCT
ajfa-11810	82	1	balvers	balver	NOUN
ajfa-11810	82	2	et	et	PROPN
ajfa-11810	82	3	al	al	PROPN
ajfa-11810	82	4	.	.	PROPN
ajfa-11810	82	5	(	(	PUNCT
ajfa-11810	82	6	1988	1988	NUM
ajfa-11810	82	7	)	)	PUNCT
ajfa-11810	82	8	and	and	CCONJ
ajfa-11810	82	9	firth	firth	PROPN
ajfa-11810	82	10	and	and	CCONJ
ajfa-11810	82	11	smith	smith	PROPN
ajfa-11810	82	12	(	(	PUNCT
ajfa-11810	82	13	1992	1992	NUM
ajfa-11810	82	14	)	)	PUNCT
ajfa-11810	82	15	find	find	VERB
ajfa-11810	82	16	that	that	SCONJ
ajfa-11810	82	17	firms	firm	NOUN
ajfa-11810	82	18	experience	experience	VERB
ajfa-11810	82	19	less	less	ADV
ajfa-11810	82	20	initial	initial	ADJ
ajfa-11810	82	21	public	public	ADJ
ajfa-11810	82	22	offering	offering	NOUN
ajfa-11810	82	23	underpricing	underprice	VERB
ajfa-11810	82	24	when	when	SCONJ
ajfa-11810	82	25	they	they	PRON
ajfa-11810	82	26	hire	hire	VERB
ajfa-11810	82	27	larger	large	ADJ
ajfa-11810	82	28	audit	audit	NOUN
ajfa-11810	82	29	firms	firm	NOUN
ajfa-11810	82	30	.	.	PUNCT
ajfa-11810	83	1	as	as	SCONJ
ajfa-11810	83	2	investors	investor	NOUN
ajfa-11810	83	3	’	’	PART
ajfa-11810	83	4	perceptions	perception	NOUN
ajfa-11810	83	5	of	of	ADP
ajfa-11810	83	6	higher	high	ADJ
ajfa-11810	83	7	quality	quality	NOUN
ajfa-11810	83	8	auditor	auditor	NOUN
ajfa-11810	83	9	reputation	reputation	NOUN
ajfa-11810	83	10	add	add	VERB
ajfa-11810	83	11	credibility	credibility	NOUN
ajfa-11810	83	12	to	to	ADP
ajfa-11810	83	13	the	the	DET
ajfa-11810	83	14	audit	audit	NOUN
ajfa-11810	83	15	process	process	NOUN
ajfa-11810	83	16	and	and	CCONJ
ajfa-11810	83	17	enhance	enhance	VERB
ajfa-11810	83	18	financial	financial	ADJ
ajfa-11810	83	19	transparency	transparency	NOUN
ajfa-11810	83	20	,	,	PUNCT
ajfa-11810	83	21	it	it	PRON
ajfa-11810	83	22	is	be	AUX
ajfa-11810	83	23	more	more	ADV
ajfa-11810	83	24	likely	likely	ADJ
ajfa-11810	83	25	that	that	SCONJ
ajfa-11810	83	26	investors	investor	NOUN
ajfa-11810	83	27	will	will	AUX
ajfa-11810	83	28	view	view	VERB
ajfa-11810	83	29	firms	firm	NOUN
ajfa-11810	83	30	that	that	PRON
ajfa-11810	83	31	hire	hire	VERB
ajfa-11810	83	32	auditors	auditor	NOUN
ajfa-11810	83	33	with	with	ADP
ajfa-11810	83	34	higher	high	ADJ
ajfa-11810	83	35	quality	quality	NOUN
ajfa-11810	83	36	reputations	reputation	NOUN
ajfa-11810	83	37	more	more	ADV
ajfa-11810	83	38	favorably	favorably	ADV
ajfa-11810	83	39	than	than	ADP
ajfa-11810	83	40	those	those	PRON
ajfa-11810	83	41	that	that	PRON
ajfa-11810	83	42	do	do	VERB
ajfa-11810	83	43	not	not	PART
ajfa-11810	83	44	.	.	PUNCT
ajfa-11810	84	1	2.5	2.5	NUM
ajfa-11810	84	2	reits	reit	NOUN
ajfa-11810	84	3	’	'	PUNCT
ajfa-11810	84	4	capital	capital	NOUN
ajfa-11810	84	5	access	access	NOUN
ajfa-11810	84	6	and	and	CCONJ
ajfa-11810	84	7	the	the	DET
ajfa-11810	84	8	financial	financial	ADJ
ajfa-11810	84	9	crisis	crisis	NOUN
ajfa-11810	84	10	reits	reit	NOUN
ajfa-11810	84	11	operate	operate	VERB
ajfa-11810	84	12	in	in	ADP
ajfa-11810	84	13	a	a	DET
ajfa-11810	84	14	highly	highly	ADV
ajfa-11810	84	15	regulated	regulated	ADJ
ajfa-11810	84	16	environment	environment	NOUN
ajfa-11810	84	17	.	.	PUNCT
ajfa-11810	85	1	even	even	ADV
ajfa-11810	85	2	the	the	DET
ajfa-11810	85	3	simplest	simple	ADJ
ajfa-11810	85	4	of	of	ADP
ajfa-11810	85	5	reits	reit	NOUN
ajfa-11810	85	6	are	be	AUX
ajfa-11810	85	7	complex	complex	ADJ
ajfa-11810	85	8	in	in	ADP
ajfa-11810	85	9	structure	structure	NOUN
ajfa-11810	85	10	,	,	PUNCT
ajfa-11810	85	11	owning	own	VERB
ajfa-11810	85	12	and	and	CCONJ
ajfa-11810	85	13	operating	operate	VERB
ajfa-11810	85	14	their	their	PRON
ajfa-11810	85	15	assets	asset	NOUN
ajfa-11810	85	16	through	through	ADP
ajfa-11810	85	17	a	a	DET
ajfa-11810	85	18	vast	vast	ADJ
ajfa-11810	85	19	network	network	NOUN
ajfa-11810	85	20	of	of	ADP
ajfa-11810	85	21	subsidiaries	subsidiary	NOUN
ajfa-11810	85	22	,	,	PUNCT
ajfa-11810	85	23	partnerships	partnership	NOUN
ajfa-11810	85	24	,	,	PUNCT
ajfa-11810	85	25	and	and	CCONJ
ajfa-11810	85	26	joint	joint	ADJ
ajfa-11810	85	27	venture	venture	NOUN
ajfa-11810	85	28	arrangements	arrangement	NOUN
ajfa-11810	85	29	.	.	PUNCT
ajfa-11810	86	1	because	because	SCONJ
ajfa-11810	86	2	of	of	ADP
ajfa-11810	86	3	their	their	PRON
ajfa-11810	86	4	multifaceted	multifaceted	ADJ
ajfa-11810	86	5	nature	nature	NOUN
ajfa-11810	86	6	,	,	PUNCT
ajfa-11810	86	7	reits	reit	NOUN
ajfa-11810	86	8	routinely	routinely	ADV
ajfa-11810	86	9	face	face	VERB
ajfa-11810	86	10	persistent	persistent	ADJ
ajfa-11810	86	11	and	and	CCONJ
ajfa-11810	86	12	difficult	difficult	ADJ
ajfa-11810	86	13	challenges	challenge	NOUN
ajfa-11810	86	14	of	of	ADP
ajfa-11810	86	15	minimizing	minimize	VERB
ajfa-11810	86	16	information	information	NOUN
ajfa-11810	86	17	asymmetries	asymmetry	NOUN
ajfa-11810	86	18	between	between	ADP
ajfa-11810	86	19	themselves	themselves	PRON
ajfa-11810	86	20	and	and	CCONJ
ajfa-11810	86	21	investors	investor	NOUN
ajfa-11810	86	22	.	.	PUNCT
ajfa-11810	87	1	financial	financial	ADJ
ajfa-11810	87	2	market	market	NOUN
ajfa-11810	87	3	volatility	volatility	NOUN
ajfa-11810	87	4	after	after	SCONJ
ajfa-11810	87	5	the	the	DET
ajfa-11810	87	6	crisis	crisis	NOUN
ajfa-11810	87	7	exacerbated	exacerbate	VERB
ajfa-11810	87	8	these	these	DET
ajfa-11810	87	9	difficulties	difficulty	NOUN
ajfa-11810	87	10	(	(	PUNCT
ajfa-11810	87	11	hardin	hardin	PROPN
ajfa-11810	87	12	&	&	CCONJ
ajfa-11810	87	13	wu	wu	PROPN
ajfa-11810	87	14	,	,	PUNCT
ajfa-11810	87	15	2010	2010	NUM
ajfa-11810	87	16	)	)	PUNCT
ajfa-11810	87	17	.	.	PUNCT
ajfa-11810	88	1	because	because	SCONJ
ajfa-11810	88	2	of	of	ADP
ajfa-11810	88	3	their	their	PRON
ajfa-11810	88	4	frequent	frequent	ADJ
ajfa-11810	88	5	need	need	NOUN
ajfa-11810	88	6	for	for	ADP
ajfa-11810	88	7	capital	capital	NOUN
ajfa-11810	88	8	investment	investment	NOUN
ajfa-11810	88	9	,	,	PUNCT
ajfa-11810	88	10	after	after	ADP
ajfa-11810	88	11	the	the	DET
ajfa-11810	88	12	crisis	crisis	NOUN
ajfa-11810	88	13	it	it	PRON
ajfa-11810	88	14	was	be	AUX
ajfa-11810	88	15	especially	especially	ADV
ajfa-11810	88	16	critical	critical	ADJ
ajfa-11810	88	17	for	for	SCONJ
ajfa-11810	88	18	reits	reit	NOUN
ajfa-11810	88	19	to	to	PART
ajfa-11810	88	20	find	find	VERB
ajfa-11810	88	21	ways	way	NOUN
ajfa-11810	88	22	to	to	PART
ajfa-11810	88	23	meet	meet	VERB
ajfa-11810	88	24	and	and	CCONJ
ajfa-11810	88	25	overcome	overcome	VERB
ajfa-11810	88	26	these	these	DET
ajfa-11810	88	27	challenges	challenge	NOUN
ajfa-11810	88	28	.	.	PUNCT
ajfa-11810	89	1	by	by	ADP
ajfa-11810	89	2	hiring	hire	VERB
ajfa-11810	89	3	higher	high	ADJ
ajfa-11810	89	4	quality	quality	NOUN
ajfa-11810	89	5	auditors	auditor	NOUN
ajfa-11810	89	6	,	,	PUNCT
ajfa-11810	89	7	industry	industry	NOUN
ajfa-11810	89	8	-	-	PUNCT
ajfa-11810	89	9	audit	audit	NOUN
ajfa-11810	89	10	specialists	specialist	NOUN
ajfa-11810	89	11	,	,	PUNCT
ajfa-11810	89	12	and/or	and/or	CCONJ
ajfa-11810	89	13	auditors	auditor	NOUN
ajfa-11810	89	14	with	with	ADP
ajfa-11810	89	15	superior	superior	ADJ
ajfa-11810	89	16	reputations	reputation	NOUN
ajfa-11810	89	17	,	,	PUNCT
ajfa-11810	89	18	reits	reit	NOUN
ajfa-11810	89	19	could	could	AUX
ajfa-11810	89	20	take	take	VERB
ajfa-11810	89	21	steps	step	NOUN
ajfa-11810	89	22	designed	design	VERB
ajfa-11810	89	23	to	to	PART
ajfa-11810	89	24	reduce	reduce	VERB
ajfa-11810	89	25	information	information	NOUN
ajfa-11810	89	26	asymmetries	asymmetry	NOUN
ajfa-11810	89	27	,	,	PUNCT
ajfa-11810	89	28	and	and	CCONJ
ajfa-11810	89	29	,	,	PUNCT
ajfa-11810	89	30	more	more	ADV
ajfa-11810	89	31	importantly	importantly	ADV
ajfa-11810	89	32	,	,	PUNCT
ajfa-11810	89	33	send	send	VERB
ajfa-11810	89	34	clear	clear	ADJ
ajfa-11810	89	35	financial	financial	ADJ
ajfa-11810	89	36	transparency	transparency	NOUN
ajfa-11810	89	37	signals	signal	NOUN
ajfa-11810	89	38	to	to	ADP
ajfa-11810	89	39	investors	investor	NOUN
ajfa-11810	89	40	in	in	ADP
ajfa-11810	89	41	order	order	NOUN
ajfa-11810	89	42	to	to	PART
ajfa-11810	89	43	motivate	motivate	VERB
ajfa-11810	89	44	new	new	ADJ
ajfa-11810	89	45	capital	capital	NOUN
ajfa-11810	89	46	investment	investment	NOUN
ajfa-11810	89	47	.	.	PUNCT
ajfa-11810	90	1	asian	asian	ADJ
ajfa-11810	90	2	journal	journal	PROPN
ajfa-11810	90	3	of	of	ADP
ajfa-11810	90	4	finance	finance	PROPN
ajfa-11810	90	5	&	&	CCONJ
ajfa-11810	90	6	accounting	accounting	PROPN
ajfa-11810	90	7	issn	issn	PROPN
ajfa-11810	90	8	1946	1946	NUM
ajfa-11810	90	9	-	-	PUNCT
ajfa-11810	90	10	052x	052x	NOUN
ajfa-11810	90	11	2018	2018	NUM
ajfa-11810	90	12	,	,	PUNCT
ajfa-11810	90	13	vol	vol	NOUN
ajfa-11810	90	14	.	.	PROPN
ajfa-11810	91	1	10	10	NUM
ajfa-11810	91	2	,	,	PUNCT
ajfa-11810	91	3	no	no	INTJ
ajfa-11810	91	4	.	.	NOUN
ajfa-11810	91	5	1	1	NUM
ajfa-11810	91	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	91	7	86	86	NUM
ajfa-11810	91	8	3	3	NUM
ajfa-11810	91	9	.	.	PUNCT
ajfa-11810	91	10	methodology	methodology	NOUN
ajfa-11810	91	11	exogenous	exogenous	ADJ
ajfa-11810	91	12	events	event	NOUN
ajfa-11810	91	13	such	such	ADJ
ajfa-11810	91	14	as	as	ADP
ajfa-11810	91	15	the	the	DET
ajfa-11810	91	16	financial	financial	ADJ
ajfa-11810	91	17	crisis	crisis	NOUN
ajfa-11810	91	18	can	can	AUX
ajfa-11810	91	19	shock	shock	VERB
ajfa-11810	91	20	and	and	CCONJ
ajfa-11810	91	21	disrupt	disrupt	VERB
ajfa-11810	91	22	capital	capital	NOUN
ajfa-11810	91	23	markets	market	NOUN
ajfa-11810	91	24	.	.	PUNCT
ajfa-11810	92	1	as	as	SCONJ
ajfa-11810	92	2	many	many	ADJ
ajfa-11810	92	3	investors	investor	NOUN
ajfa-11810	92	4	respond	respond	VERB
ajfa-11810	92	5	to	to	ADP
ajfa-11810	92	6	such	such	ADJ
ajfa-11810	92	7	shocks	shock	NOUN
ajfa-11810	92	8	by	by	ADP
ajfa-11810	92	9	moving	move	VERB
ajfa-11810	92	10	money	money	NOUN
ajfa-11810	92	11	from	from	ADP
ajfa-11810	92	12	equities	equity	NOUN
ajfa-11810	92	13	and	and	CCONJ
ajfa-11810	92	14	corporate	corporate	ADJ
ajfa-11810	92	15	debt	debt	NOUN
ajfa-11810	92	16	into	into	ADP
ajfa-11810	92	17	safer	safe	ADJ
ajfa-11810	92	18	investments	investment	NOUN
ajfa-11810	92	19	such	such	ADJ
ajfa-11810	92	20	as	as	ADP
ajfa-11810	92	21	government	government	NOUN
ajfa-11810	92	22	debt	debt	NOUN
ajfa-11810	92	23	and	and	CCONJ
ajfa-11810	92	24	cash	cash	NOUN
ajfa-11810	92	25	,	,	PUNCT
ajfa-11810	92	26	often	often	ADV
ajfa-11810	92	27	the	the	DET
ajfa-11810	92	28	result	result	NOUN
ajfa-11810	92	29	is	be	AUX
ajfa-11810	92	30	substantially	substantially	ADV
ajfa-11810	92	31	increased	increase	VERB
ajfa-11810	92	32	capital	capital	NOUN
ajfa-11810	92	33	market	market	NOUN
ajfa-11810	92	34	illiquidity	illiquidity	NOUN
ajfa-11810	92	35	.	.	PUNCT
ajfa-11810	93	1	the	the	DET
ajfa-11810	93	2	severity	severity	NOUN
ajfa-11810	93	3	of	of	ADP
ajfa-11810	93	4	the	the	DET
ajfa-11810	93	5	financial	financial	ADJ
ajfa-11810	93	6	crisis	crisis	NOUN
ajfa-11810	93	7	’	'	PUNCT
ajfa-11810	93	8	shock	shock	NOUN
ajfa-11810	93	9	to	to	ADP
ajfa-11810	93	10	the	the	DET
ajfa-11810	93	11	financial	financial	ADJ
ajfa-11810	93	12	system	system	NOUN
ajfa-11810	93	13	,	,	PUNCT
ajfa-11810	93	14	and	and	CCONJ
ajfa-11810	93	15	the	the	DET
ajfa-11810	93	16	ensuing	ensue	VERB
ajfa-11810	93	17	post	post	ADJ
ajfa-11810	93	18	-	-	ADJ
ajfa-11810	93	19	crisis	crisis	ADJ
ajfa-11810	93	20	market	market	NOUN
ajfa-11810	93	21	conditions	condition	NOUN
ajfa-11810	93	22	caused	cause	VERB
ajfa-11810	93	23	major	major	ADJ
ajfa-11810	93	24	problems	problem	NOUN
ajfa-11810	93	25	for	for	ADP
ajfa-11810	93	26	many	many	ADJ
ajfa-11810	93	27	firms	firm	NOUN
ajfa-11810	93	28	needing	need	VERB
ajfa-11810	93	29	to	to	PART
ajfa-11810	93	30	raise	raise	VERB
ajfa-11810	93	31	new	new	ADJ
ajfa-11810	93	32	capital	capital	NOUN
ajfa-11810	93	33	.	.	PUNCT
ajfa-11810	94	1	after	after	ADP
ajfa-11810	94	2	the	the	DET
ajfa-11810	94	3	crisis	crisis	NOUN
ajfa-11810	94	4	,	,	PUNCT
ajfa-11810	94	5	values	value	NOUN
ajfa-11810	94	6	in	in	ADP
ajfa-11810	94	7	many	many	ADJ
ajfa-11810	94	8	real	real	ADJ
ajfa-11810	94	9	estate	estate	NOUN
ajfa-11810	94	10	market	market	NOUN
ajfa-11810	94	11	values	value	NOUN
ajfa-11810	94	12	were	be	AUX
ajfa-11810	94	13	declining	decline	VERB
ajfa-11810	94	14	and	and	CCONJ
ajfa-11810	94	15	investors	investor	NOUN
ajfa-11810	94	16	were	be	AUX
ajfa-11810	94	17	generally	generally	ADV
ajfa-11810	94	18	shying	shy	VERB
ajfa-11810	94	19	away	away	ADV
ajfa-11810	94	20	from	from	ADP
ajfa-11810	94	21	real	real	ADJ
ajfa-11810	94	22	estate	estate	NOUN
ajfa-11810	94	23	investments	investment	NOUN
ajfa-11810	94	24	(	(	PUNCT
ajfa-11810	94	25	delisle	delisle	PROPN
ajfa-11810	94	26	,	,	PUNCT
ajfa-11810	94	27	2007	2007	NUM
ajfa-11810	94	28	,	,	PUNCT
ajfa-11810	94	29	2008	2008	NUM
ajfa-11810	94	30	)	)	PUNCT
ajfa-11810	94	31	.	.	PUNCT
ajfa-11810	95	1	thus	thus	ADV
ajfa-11810	95	2	,	,	PUNCT
ajfa-11810	95	3	for	for	ADP
ajfa-11810	95	4	reits	reit	NOUN
ajfa-11810	95	5	,	,	PUNCT
ajfa-11810	95	6	attracting	attract	VERB
ajfa-11810	95	7	new	new	ADJ
ajfa-11810	95	8	capital	capital	NOUN
ajfa-11810	95	9	in	in	ADP
ajfa-11810	95	10	such	such	DET
ajfa-11810	95	11	an	an	DET
ajfa-11810	95	12	environment	environment	NOUN
ajfa-11810	95	13	was	be	AUX
ajfa-11810	95	14	likely	likely	ADV
ajfa-11810	95	15	quite	quite	ADV
ajfa-11810	95	16	difficult	difficult	ADJ
ajfa-11810	95	17	.	.	PUNCT
ajfa-11810	96	1	3.1	3.1	NUM
ajfa-11810	96	2	hypothesis	hypothesis	NOUN
ajfa-11810	96	3	development	development	NOUN
ajfa-11810	96	4	earlier	early	ADV
ajfa-11810	96	5	,	,	PUNCT
ajfa-11810	96	6	we	we	PRON
ajfa-11810	96	7	highlight	highlight	VERB
ajfa-11810	96	8	several	several	ADJ
ajfa-11810	96	9	studies	study	NOUN
ajfa-11810	96	10	that	that	PRON
ajfa-11810	96	11	examine	examine	VERB
ajfa-11810	96	12	the	the	DET
ajfa-11810	96	13	different	different	ADJ
ajfa-11810	96	14	ways	way	NOUN
ajfa-11810	96	15	firms	firm	NOUN
ajfa-11810	96	16	signal	signal	VERB
ajfa-11810	96	17	financial	financial	ADJ
ajfa-11810	96	18	transparency	transparency	NOUN
ajfa-11810	96	19	to	to	ADP
ajfa-11810	96	20	investors	investor	NOUN
ajfa-11810	96	21	to	to	PART
ajfa-11810	96	22	attract	attract	VERB
ajfa-11810	96	23	new	new	ADJ
ajfa-11810	96	24	capital	capital	NOUN
ajfa-11810	96	25	investment	investment	NOUN
ajfa-11810	96	26	.	.	PUNCT
ajfa-11810	97	1	in	in	ADP
ajfa-11810	97	2	this	this	DET
ajfa-11810	97	3	study	study	NOUN
ajfa-11810	97	4	,	,	PUNCT
ajfa-11810	97	5	we	we	PRON
ajfa-11810	97	6	use	use	VERB
ajfa-11810	97	7	a	a	DET
ajfa-11810	97	8	two	two	NUM
ajfa-11810	97	9	-	-	PUNCT
ajfa-11810	97	10	part	part	NOUN
ajfa-11810	97	11	approach	approach	NOUN
ajfa-11810	97	12	to	to	PART
ajfa-11810	97	13	examine	examine	VERB
ajfa-11810	97	14	the	the	DET
ajfa-11810	97	15	relationship	relationship	NOUN
ajfa-11810	97	16	between	between	ADP
ajfa-11810	97	17	reits	reit	NOUN
ajfa-11810	97	18	’	'	PUNCT
ajfa-11810	97	19	use	use	NOUN
ajfa-11810	97	20	of	of	ADP
ajfa-11810	97	21	the	the	DET
ajfa-11810	97	22	audit	audit	NOUN
ajfa-11810	97	23	process	process	NOUN
ajfa-11810	97	24	to	to	PART
ajfa-11810	97	25	signal	signal	VERB
ajfa-11810	97	26	increased	increase	VERB
ajfa-11810	97	27	financial	financial	ADJ
ajfa-11810	97	28	transparency	transparency	NOUN
ajfa-11810	97	29	and	and	CCONJ
ajfa-11810	97	30	their	their	PRON
ajfa-11810	97	31	access	access	NOUN
ajfa-11810	97	32	to	to	ADP
ajfa-11810	97	33	new	new	ADJ
ajfa-11810	97	34	capital	capital	NOUN
ajfa-11810	97	35	.	.	PUNCT
ajfa-11810	98	1	in	in	ADP
ajfa-11810	98	2	the	the	DET
ajfa-11810	98	3	first	first	ADJ
ajfa-11810	98	4	part	part	NOUN
ajfa-11810	98	5	of	of	ADP
ajfa-11810	98	6	the	the	DET
ajfa-11810	98	7	analysis	analysis	NOUN
ajfa-11810	98	8	,	,	PUNCT
ajfa-11810	98	9	we	we	PRON
ajfa-11810	98	10	examine	examine	VERB
ajfa-11810	98	11	the	the	DET
ajfa-11810	98	12	relationship	relationship	NOUN
ajfa-11810	98	13	between	between	ADP
ajfa-11810	98	14	reits	reit	NOUN
ajfa-11810	98	15	’	'	PUNCT
ajfa-11810	98	16	use	use	NOUN
ajfa-11810	98	17	of	of	ADP
ajfa-11810	98	18	the	the	DET
ajfa-11810	98	19	audit	audit	NOUN
ajfa-11810	98	20	process	process	NOUN
ajfa-11810	98	21	and	and	CCONJ
ajfa-11810	98	22	their	their	PRON
ajfa-11810	98	23	access	access	NOUN
ajfa-11810	98	24	to	to	ADP
ajfa-11810	98	25	new	new	ADJ
ajfa-11810	98	26	capital	capital	NOUN
ajfa-11810	98	27	,	,	PUNCT
ajfa-11810	98	28	posited	posit	VERB
ajfa-11810	98	29	by	by	ADP
ajfa-11810	98	30	the	the	DET
ajfa-11810	98	31	following	follow	VERB
ajfa-11810	98	32	hypothesis	hypothesis	NOUN
ajfa-11810	98	33	:	:	PUNCT
ajfa-11810	98	34	hypothesis	hypothesis	NOUN
ajfa-11810	98	35	1	1	NUM
ajfa-11810	98	36	:	:	PUNCT
ajfa-11810	98	37	there	there	PRON
ajfa-11810	98	38	is	be	VERB
ajfa-11810	98	39	a	a	DET
ajfa-11810	98	40	positive	positive	ADJ
ajfa-11810	98	41	association	association	NOUN
ajfa-11810	98	42	between	between	ADP
ajfa-11810	98	43	the	the	DET
ajfa-11810	98	44	audit	audit	NOUN
ajfa-11810	98	45	process	process	NOUN
ajfa-11810	98	46	and	and	CCONJ
ajfa-11810	98	47	(	(	PUNCT
ajfa-11810	98	48	a	a	X
ajfa-11810	98	49	)	)	PUNCT
ajfa-11810	98	50	equity	equity	NOUN
ajfa-11810	98	51	investment	investment	NOUN
ajfa-11810	98	52	in	in	ADP
ajfa-11810	98	53	reits	reit	NOUN
ajfa-11810	98	54	,	,	PUNCT
ajfa-11810	98	55	(	(	PUNCT
ajfa-11810	98	56	b	b	X
ajfa-11810	98	57	)	)	PUNCT
ajfa-11810	98	58	debt	debt	NOUN
ajfa-11810	98	59	investment	investment	NOUN
ajfa-11810	98	60	in	in	ADP
ajfa-11810	98	61	reits	reit	NOUN
ajfa-11810	98	62	;	;	PUNCT
ajfa-11810	98	63	and	and	CCONJ
ajfa-11810	98	64	(	(	PUNCT
ajfa-11810	98	65	c	c	NOUN
ajfa-11810	98	66	)	)	PUNCT
ajfa-11810	98	67	combined	combined	ADJ
ajfa-11810	98	68	equity	equity	NOUN
ajfa-11810	98	69	and	and	CCONJ
ajfa-11810	98	70	debt	debt	NOUN
ajfa-11810	98	71	investment	investment	NOUN
ajfa-11810	98	72	in	in	ADP
ajfa-11810	98	73	reits	reit	NOUN
ajfa-11810	98	74	.	.	PUNCT
ajfa-11810	99	1	in	in	ADP
ajfa-11810	99	2	the	the	DET
ajfa-11810	99	3	second	second	ADJ
ajfa-11810	99	4	part	part	NOUN
ajfa-11810	99	5	of	of	ADP
ajfa-11810	99	6	the	the	DET
ajfa-11810	99	7	analysis	analysis	NOUN
ajfa-11810	99	8	,	,	PUNCT
ajfa-11810	99	9	we	we	PRON
ajfa-11810	99	10	examine	examine	VERB
ajfa-11810	99	11	the	the	DET
ajfa-11810	99	12	relationship	relationship	NOUN
ajfa-11810	99	13	between	between	ADP
ajfa-11810	99	14	reits	reit	NOUN
ajfa-11810	99	15	’	'	PUNCT
ajfa-11810	99	16	use	use	NOUN
ajfa-11810	99	17	of	of	ADP
ajfa-11810	99	18	the	the	DET
ajfa-11810	99	19	audit	audit	NOUN
ajfa-11810	99	20	process	process	NOUN
ajfa-11810	99	21	and	and	CCONJ
ajfa-11810	99	22	their	their	PRON
ajfa-11810	99	23	access	access	NOUN
ajfa-11810	99	24	to	to	ADP
ajfa-11810	99	25	new	new	ADJ
ajfa-11810	99	26	capital	capital	NOUN
ajfa-11810	99	27	,	,	PUNCT
ajfa-11810	99	28	accounting	account	VERB
ajfa-11810	99	29	for	for	ADP
ajfa-11810	99	30	possible	possible	ADJ
ajfa-11810	99	31	mediating	mediating	NOUN
ajfa-11810	99	32	effects	effect	NOUN
ajfa-11810	99	33	of	of	ADP
ajfa-11810	99	34	the	the	DET
ajfa-11810	99	35	financial	financial	ADJ
ajfa-11810	99	36	crisis	crisis	NOUN
ajfa-11810	99	37	,	,	PUNCT
ajfa-11810	99	38	posited	posit	VERB
ajfa-11810	99	39	by	by	ADP
ajfa-11810	99	40	the	the	DET
ajfa-11810	99	41	following	follow	VERB
ajfa-11810	99	42	hypothesis	hypothesis	NOUN
ajfa-11810	99	43	:	:	PUNCT
ajfa-11810	99	44	hypothesis	hypothesis	NOUN
ajfa-11810	99	45	2	2	NUM
ajfa-11810	99	46	:	:	PUNCT
ajfa-11810	99	47	the	the	DET
ajfa-11810	99	48	financial	financial	ADJ
ajfa-11810	99	49	crisis	crisis	NOUN
ajfa-11810	99	50	of	of	ADP
ajfa-11810	99	51	2007	2007	NUM
ajfa-11810	99	52	-	-	SYM
ajfa-11810	99	53	2008	2008	NUM
ajfa-11810	99	54	positively	positively	ADV
ajfa-11810	99	55	influenced	influence	VERB
ajfa-11810	99	56	the	the	DET
ajfa-11810	99	57	relationship	relationship	NOUN
ajfa-11810	99	58	between	between	ADP
ajfa-11810	99	59	the	the	DET
ajfa-11810	99	60	audit	audit	NOUN
ajfa-11810	99	61	process	process	NOUN
ajfa-11810	99	62	and	and	CCONJ
ajfa-11810	99	63	(	(	PUNCT
ajfa-11810	99	64	a	a	X
ajfa-11810	99	65	)	)	PUNCT
ajfa-11810	99	66	equity	equity	NOUN
ajfa-11810	99	67	investment	investment	NOUN
ajfa-11810	99	68	in	in	ADP
ajfa-11810	99	69	reits	reit	NOUN
ajfa-11810	99	70	,	,	PUNCT
ajfa-11810	99	71	(	(	PUNCT
ajfa-11810	99	72	b	b	X
ajfa-11810	99	73	)	)	PUNCT
ajfa-11810	99	74	debt	debt	NOUN
ajfa-11810	99	75	investment	investment	NOUN
ajfa-11810	99	76	in	in	ADP
ajfa-11810	99	77	reits	reit	NOUN
ajfa-11810	99	78	,	,	PUNCT
ajfa-11810	99	79	and	and	CCONJ
ajfa-11810	99	80	(	(	PUNCT
ajfa-11810	99	81	c	c	NOUN
ajfa-11810	99	82	)	)	PUNCT
ajfa-11810	99	83	combined	combined	ADJ
ajfa-11810	99	84	equity	equity	NOUN
ajfa-11810	99	85	and	and	CCONJ
ajfa-11810	99	86	debt	debt	NOUN
ajfa-11810	99	87	investment	investment	NOUN
ajfa-11810	99	88	in	in	ADP
ajfa-11810	99	89	reits	reit	NOUN
ajfa-11810	99	90	.	.	PUNCT
ajfa-11810	100	1	3.2	3.2	NUM
ajfa-11810	100	2	data	datum	NOUN
ajfa-11810	100	3	selection	selection	NOUN
ajfa-11810	100	4	and	and	CCONJ
ajfa-11810	100	5	sample	sample	NOUN
ajfa-11810	100	6	construction	construction	NOUN
ajfa-11810	100	7	after	after	ADP
ajfa-11810	100	8	compiling	compile	VERB
ajfa-11810	100	9	a	a	DET
ajfa-11810	100	10	list	list	NOUN
ajfa-11810	100	11	of	of	ADP
ajfa-11810	100	12	publicly	publicly	ADV
ajfa-11810	100	13	traded	trade	VERB
ajfa-11810	100	14	reits	reit	NOUN
ajfa-11810	100	15	that	that	PRON
ajfa-11810	100	16	operated	operate	VERB
ajfa-11810	100	17	at	at	ADP
ajfa-11810	100	18	some	some	DET
ajfa-11810	100	19	point	point	NOUN
ajfa-11810	100	20	during	during	ADP
ajfa-11810	100	21	the	the	DET
ajfa-11810	100	22	period	period	NOUN
ajfa-11810	100	23	2002	2002	NUM
ajfa-11810	100	24	-	-	SYM
ajfa-11810	100	25	2011	2011	NUM
ajfa-11810	100	26	,	,	PUNCT
ajfa-11810	100	27	we	we	PRON
ajfa-11810	100	28	reduce	reduce	VERB
ajfa-11810	100	29	the	the	DET
ajfa-11810	100	30	sample	sample	NOUN
ajfa-11810	100	31	to	to	PART
ajfa-11810	100	32	include	include	VERB
ajfa-11810	100	33	only	only	ADV
ajfa-11810	100	34	those	those	DET
ajfa-11810	100	35	reits	reit	NOUN
ajfa-11810	100	36	that	that	PRON
ajfa-11810	100	37	operated	operate	VERB
ajfa-11810	100	38	in	in	ADP
ajfa-11810	100	39	and	and	CCONJ
ajfa-11810	100	40	elected	elect	VERB
ajfa-11810	100	41	reit	reit	NOUN
ajfa-11810	100	42	status	status	NOUN
ajfa-11810	100	43	for	for	ADP
ajfa-11810	100	44	each	each	DET
ajfa-11810	100	45	year	year	NOUN
ajfa-11810	100	46	during	during	ADP
ajfa-11810	100	47	the	the	DET
ajfa-11810	100	48	study	study	NOUN
ajfa-11810	100	49	period	period	NOUN
ajfa-11810	100	50	.	.	PUNCT
ajfa-11810	101	1	(	(	PUNCT
ajfa-11810	101	2	note	note	NOUN
ajfa-11810	101	3	3	3	X
ajfa-11810	101	4	)	)	PUNCT
ajfa-11810	101	5	we	we	PRON
ajfa-11810	101	6	then	then	ADV
ajfa-11810	101	7	review	review	VERB
ajfa-11810	101	8	each	each	DET
ajfa-11810	101	9	reit	reit	NOUN
ajfa-11810	101	10	’s	’s	PART
ajfa-11810	101	11	annual	annual	ADJ
ajfa-11810	101	12	report	report	NOUN
ajfa-11810	101	13	to	to	PART
ajfa-11810	101	14	determine	determine	VERB
ajfa-11810	101	15	the	the	DET
ajfa-11810	101	16	total	total	ADJ
ajfa-11810	101	17	number	number	NOUN
ajfa-11810	101	18	of	of	ADP
ajfa-11810	101	19	subsidiaries	subsidiary	NOUN
ajfa-11810	101	20	owned	own	VERB
ajfa-11810	101	21	or	or	CCONJ
ajfa-11810	101	22	operated	operate	VERB
ajfa-11810	101	23	,	,	PUNCT
ajfa-11810	101	24	and	and	CCONJ
ajfa-11810	101	25	properties	property	NOUN
ajfa-11810	101	26	owned	own	VERB
ajfa-11810	101	27	or	or	CCONJ
ajfa-11810	101	28	controlled	control	VERB
ajfa-11810	101	29	,	,	PUNCT
ajfa-11810	101	30	respectively.(note	respectively.(note	VERB
ajfa-11810	101	31	4	4	NUM
ajfa-11810	101	32	)	)	PUNCT
ajfa-11810	101	33	we	we	PRON
ajfa-11810	101	34	collect	collect	VERB
ajfa-11810	101	35	financialand	financialand	NOUN
ajfa-11810	101	36	audit	audit	NOUN
ajfa-11810	101	37	-	-	PUNCT
ajfa-11810	101	38	related	relate	VERB
ajfa-11810	101	39	information	information	NOUN
ajfa-11810	101	40	from	from	ADP
ajfa-11810	101	41	the	the	DET
ajfa-11810	101	42	center	center	NOUN
ajfa-11810	101	43	for	for	ADP
ajfa-11810	101	44	research	research	NOUN
ajfa-11810	101	45	and	and	CCONJ
ajfa-11810	101	46	security	security	NOUN
ajfa-11810	101	47	prices	price	NOUN
ajfa-11810	101	48	(	(	PUNCT
ajfa-11810	101	49	crsp	crsp	NOUN
ajfa-11810	101	50	)	)	PUNCT
ajfa-11810	101	51	,	,	PUNCT
ajfa-11810	101	52	compustat	compustat	NOUN
ajfa-11810	101	53	,	,	PUNCT
ajfa-11810	101	54	and	and	CCONJ
ajfa-11810	101	55	audit	audit	NOUN
ajfa-11810	101	56	analytics	analytic	NOUN
ajfa-11810	101	57	databases	database	NOUN
ajfa-11810	101	58	.	.	PUNCT
ajfa-11810	102	1	(	(	PUNCT
ajfa-11810	102	2	note	note	NOUN
ajfa-11810	102	3	5	5	NUM
ajfa-11810	102	4	)	)	PUNCT
ajfa-11810	102	5	because	because	SCONJ
ajfa-11810	102	6	crsp	crsp	ADJ
ajfa-11810	102	7	,	,	PUNCT
ajfa-11810	102	8	compustat	compustat	NOUN
ajfa-11810	102	9	,	,	PUNCT
ajfa-11810	102	10	and	and	CCONJ
ajfa-11810	102	11	audit	audit	NOUN
ajfa-11810	102	12	analytics	analytic	NOUN
ajfa-11810	102	13	databases	database	NOUN
ajfa-11810	102	14	do	do	AUX
ajfa-11810	102	15	not	not	PART
ajfa-11810	102	16	have	have	VERB
ajfa-11810	102	17	a	a	DET
ajfa-11810	102	18	common	common	ADJ
ajfa-11810	102	19	identifier	identifier	NOUN
ajfa-11810	102	20	,	,	PUNCT
ajfa-11810	102	21	we	we	PRON
ajfa-11810	102	22	hand	hand	AUX
ajfa-11810	102	23	match	match	VERB
ajfa-11810	102	24	all	all	DET
ajfa-11810	102	25	necessary	necessary	ADJ
ajfa-11810	102	26	reits	reit	NOUN
ajfa-11810	102	27	’	'	PUNCT
ajfa-11810	102	28	financial	financial	ADJ
ajfa-11810	102	29	,	,	PUNCT
ajfa-11810	102	30	accounting	accounting	NOUN
ajfa-11810	102	31	,	,	PUNCT
ajfa-11810	102	32	audit	audit	NOUN
ajfa-11810	102	33	,	,	PUNCT
ajfa-11810	102	34	and	and	CCONJ
ajfa-11810	102	35	other	other	ADJ
ajfa-11810	102	36	firm	firm	ADJ
ajfa-11810	102	37	-	-	PUNCT
ajfa-11810	102	38	specific	specific	ADJ
ajfa-11810	102	39	data	datum	NOUN
ajfa-11810	102	40	to	to	PART
ajfa-11810	102	41	construct	construct	VERB
ajfa-11810	102	42	the	the	DET
ajfa-11810	102	43	final	final	ADJ
ajfa-11810	102	44	data	datum	NOUN
ajfa-11810	102	45	sample	sample	NOUN
ajfa-11810	102	46	comprised	comprise	VERB
ajfa-11810	102	47	of	of	ADP
ajfa-11810	102	48	98	98	NUM
ajfa-11810	102	49	publicly	publicly	ADV
ajfa-11810	102	50	traded	trade	VERB
ajfa-11810	102	51	reits	reit	NOUN
ajfa-11810	102	52	.	.	PUNCT
ajfa-11810	103	1	because	because	SCONJ
ajfa-11810	103	2	27	27	NUM
ajfa-11810	103	3	of	of	ADP
ajfa-11810	103	4	the	the	DET
ajfa-11810	103	5	980	980	NUM
ajfa-11810	103	6	firm	firm	ADJ
ajfa-11810	103	7	year	year	NOUN
ajfa-11810	103	8	observations	observation	NOUN
ajfa-11810	103	9	had	have	VERB
ajfa-11810	103	10	missing	missing	ADJ
ajfa-11810	103	11	items	item	NOUN
ajfa-11810	103	12	,	,	PUNCT
ajfa-11810	103	13	the	the	DET
ajfa-11810	103	14	final	final	ADJ
ajfa-11810	103	15	dataset	dataset	NOUN
ajfa-11810	103	16	includes	include	VERB
ajfa-11810	103	17	953	953	NUM
ajfa-11810	103	18	firm	firm	ADJ
ajfa-11810	103	19	year	year	NOUN
ajfa-11810	103	20	observations	observation	NOUN
ajfa-11810	103	21	.	.	PUNCT
ajfa-11810	104	1	table	table	NOUN
ajfa-11810	104	2	1	1	NUM
ajfa-11810	104	3	below	below	ADP
ajfa-11810	104	4	lists	list	NOUN
ajfa-11810	104	5	and	and	CCONJ
ajfa-11810	104	6	describes	describe	VERB
ajfa-11810	104	7	the	the	DET
ajfa-11810	104	8	variables	variable	NOUN
ajfa-11810	104	9	used	use	VERB
ajfa-11810	104	10	in	in	ADP
ajfa-11810	104	11	the	the	DET
ajfa-11810	104	12	analysis	analysis	NOUN
ajfa-11810	104	13	.	.	PUNCT
ajfa-11810	105	1	asian	asian	ADJ
ajfa-11810	105	2	journal	journal	PROPN
ajfa-11810	105	3	of	of	ADP
ajfa-11810	105	4	finance	finance	PROPN
ajfa-11810	105	5	&	&	CCONJ
ajfa-11810	105	6	accounting	accounting	PROPN
ajfa-11810	105	7	issn	issn	PROPN
ajfa-11810	105	8	1946	1946	NUM
ajfa-11810	105	9	-	-	PUNCT
ajfa-11810	105	10	052x	052x	NOUN
ajfa-11810	105	11	2018	2018	NUM
ajfa-11810	105	12	,	,	PUNCT
ajfa-11810	105	13	vol	vol	NOUN
ajfa-11810	105	14	.	.	PROPN
ajfa-11810	106	1	10	10	NUM
ajfa-11810	106	2	,	,	PUNCT
ajfa-11810	106	3	no	no	INTJ
ajfa-11810	106	4	.	.	NOUN
ajfa-11810	106	5	1	1	NUM
ajfa-11810	106	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	106	7	87	87	NUM
ajfa-11810	106	8	table	table	NOUN
ajfa-11810	106	9	1	1	NUM
ajfa-11810	106	10	.	.	PUNCT
ajfa-11810	106	11	description	description	NOUN
ajfa-11810	106	12	of	of	ADP
ajfa-11810	106	13	variables	variable	NOUN
ajfa-11810	106	14	variable	variable	ADJ
ajfa-11810	106	15	variable	variable	ADJ
ajfa-11810	106	16	description	description	NOUN
ajfa-11810	106	17	log(equity	log(equity	NOUN
ajfa-11810	106	18	investment	investment	NOUN
ajfa-11810	106	19	)	)	PUNCT
ajfa-11810	106	20	natural	natural	ADJ
ajfa-11810	106	21	log	log	NOUN
ajfa-11810	106	22	of	of	ADP
ajfa-11810	106	23	(	(	PUNCT
ajfa-11810	106	24	proceeds	proceed	NOUN
ajfa-11810	106	25	from	from	ADP
ajfa-11810	106	26	common	common	ADJ
ajfa-11810	106	27	and	and	CCONJ
ajfa-11810	106	28	preferred	preferred	ADJ
ajfa-11810	106	29	stock	stock	NOUN
ajfa-11810	106	30	issuance	issuance	NOUN
ajfa-11810	106	31	+	+	CCONJ
ajfa-11810	106	32	1)1	1)1	NUM
ajfa-11810	106	33	log(debt	log(debt	NOUN
ajfa-11810	106	34	investment	investment	NOUN
ajfa-11810	106	35	)	)	PUNCT
ajfa-11810	106	36	natural	natural	ADJ
ajfa-11810	106	37	log	log	NOUN
ajfa-11810	106	38	of	of	ADP
ajfa-11810	106	39	(	(	PUNCT
ajfa-11810	106	40	proceeds	proceed	NOUN
ajfa-11810	106	41	from	from	ADP
ajfa-11810	106	42	debt	debt	NOUN
ajfa-11810	106	43	issuance	issuance	NOUN
ajfa-11810	106	44	+	+	CCONJ
ajfa-11810	106	45	1)1	1)1	NUM
ajfa-11810	106	46	log(equity	log(equity	NOUN
ajfa-11810	106	47	&	&	CCONJ
ajfa-11810	106	48	debt	debt	NOUN
ajfa-11810	106	49	investment	investment	NOUN
ajfa-11810	106	50	)	)	PUNCT
ajfa-11810	106	51	total	total	ADJ
ajfa-11810	106	52	value	value	NOUN
ajfa-11810	106	53	of	of	ADP
ajfa-11810	106	54	log(equity	log(equity	NOUN
ajfa-11810	106	55	investment	investment	NOUN
ajfa-11810	106	56	)	)	PUNCT
ajfa-11810	106	57	and	and	CCONJ
ajfa-11810	106	58	log(debt	log(debt	ADP
ajfa-11810	106	59	investment	investment	NOUN
ajfa-11810	106	60	)	)	PUNCT
ajfa-11810	106	61	as	as	SCONJ
ajfa-11810	106	62	defined	define	VERB
ajfa-11810	106	63	above	above	ADP
ajfa-11810	106	64	log(audit	log(audit	NOUN
ajfa-11810	106	65	fees	fee	NOUN
ajfa-11810	106	66	)	)	PUNCT
ajfa-11810	106	67	natural	natural	ADJ
ajfa-11810	106	68	log	log	NOUN
ajfa-11810	106	69	of	of	ADP
ajfa-11810	106	70	(	(	PUNCT
ajfa-11810	106	71	total	total	ADJ
ajfa-11810	106	72	audit	audit	NOUN
ajfa-11810	106	73	fees	fee	NOUN
ajfa-11810	106	74	+	+	CCONJ
ajfa-11810	107	1	1)2	1)2	NUM
ajfa-11810	107	2	specialist	specialist	NOUN
ajfa-11810	107	3	a	a	DET
ajfa-11810	107	4	dummy	dummy	ADJ
ajfa-11810	107	5	variable	variable	NOUN
ajfa-11810	107	6	taking	take	VERB
ajfa-11810	107	7	the	the	DET
ajfa-11810	107	8	value	value	NOUN
ajfa-11810	107	9	of	of	ADP
ajfa-11810	107	10	1	1	NUM
ajfa-11810	107	11	if	if	SCONJ
ajfa-11810	107	12	the	the	DET
ajfa-11810	107	13	auditor	auditor	NOUN
ajfa-11810	107	14	employed	employ	VERB
ajfa-11810	107	15	by	by	ADP
ajfa-11810	107	16	an	an	DET
ajfa-11810	107	17	individual	individual	ADJ
ajfa-11810	107	18	reit	reit	NOUN
ajfa-11810	107	19	performs	perform	VERB
ajfa-11810	107	20	more	more	ADJ
ajfa-11810	107	21	than	than	ADP
ajfa-11810	107	22	30	30	NUM
ajfa-11810	107	23	%	%	NOUN
ajfa-11810	107	24	of	of	ADP
ajfa-11810	107	25	all	all	DET
ajfa-11810	107	26	reit	reit	NOUN
ajfa-11810	107	27	audits	audits	NOUN
ajfa-11810	107	28	in	in	ADP
ajfa-11810	107	29	the	the	DET
ajfa-11810	107	30	sample	sample	NOUN
ajfa-11810	107	31	,	,	PUNCT
ajfa-11810	107	32	and	and	CCONJ
ajfa-11810	107	33	0	0	NUM
ajfa-11810	107	34	otherwise3	otherwise3	NOUN
ajfa-11810	107	35	big	big	ADJ
ajfa-11810	107	36	4	4	NUM
ajfa-11810	107	37	auditor	auditor	NOUN
ajfa-11810	107	38	a	a	DET
ajfa-11810	107	39	dummy	dummy	ADJ
ajfa-11810	107	40	variable	variable	NOUN
ajfa-11810	107	41	taking	take	VERB
ajfa-11810	107	42	the	the	DET
ajfa-11810	107	43	value	value	NOUN
ajfa-11810	107	44	of	of	ADP
ajfa-11810	107	45	1	1	NUM
ajfa-11810	107	46	if	if	SCONJ
ajfa-11810	107	47	the	the	DET
ajfa-11810	107	48	auditor	auditor	NOUN
ajfa-11810	107	49	ranks	rank	VERB
ajfa-11810	107	50	as	as	ADP
ajfa-11810	107	51	a	a	DET
ajfa-11810	107	52	big	big	ADJ
ajfa-11810	107	53	4	4	NUM
ajfa-11810	107	54	audit	audit	NOUN
ajfa-11810	107	55	firm	firm	NOUN
ajfa-11810	107	56	,	,	PUNCT
ajfa-11810	107	57	and	and	CCONJ
ajfa-11810	107	58	0	0	NUM
ajfa-11810	107	59	otherwise4	otherwise4	NOUN
ajfa-11810	107	60	bid	bid	NOUN
ajfa-11810	107	61	-	-	PUNCT
ajfa-11810	107	62	ask	ask	NOUN
ajfa-11810	107	63	spread	spread	VERB
ajfa-11810	107	64	the	the	DET
ajfa-11810	107	65	standard	standard	ADJ
ajfa-11810	107	66	deviation	deviation	NOUN
ajfa-11810	107	67	of	of	ADP
ajfa-11810	107	68	the	the	DET
ajfa-11810	107	69	mean	mean	ADJ
ajfa-11810	107	70	annual	annual	ADJ
ajfa-11810	107	71	bid	bid	NOUN
ajfa-11810	107	72	-	-	PUNCT
ajfa-11810	107	73	ask	ask	NOUN
ajfa-11810	107	74	spread	spread	VERB
ajfa-11810	107	75	log(intan	log(intan	PROPN
ajfa-11810	107	76	.	.	PUNCT
ajfa-11810	108	1	assets	asset	NOUN
ajfa-11810	108	2	)	)	PUNCT
ajfa-11810	108	3	natural	natural	ADJ
ajfa-11810	108	4	log	log	NOUN
ajfa-11810	108	5	of	of	ADP
ajfa-11810	108	6	(	(	PUNCT
ajfa-11810	108	7	intangible	intangible	ADJ
ajfa-11810	108	8	assets	asset	NOUN
ajfa-11810	108	9	+	+	CCONJ
ajfa-11810	108	10	1	1	X
ajfa-11810	108	11	)	)	PUNCT
ajfa-11810	108	12	book	book	NOUN
ajfa-11810	108	13	-	-	PUNCT
ajfa-11810	108	14	to	to	ADP
ajfa-11810	108	15	-	-	PUNCT
ajfa-11810	108	16	market	market	NOUN
ajfa-11810	108	17	computed	compute	VERB
ajfa-11810	108	18	as	as	ADP
ajfa-11810	108	19	book	book	NOUN
ajfa-11810	108	20	value	value	NOUN
ajfa-11810	108	21	divided	divide	VERB
ajfa-11810	108	22	by	by	ADP
ajfa-11810	108	23	market	market	NOUN
ajfa-11810	108	24	value	value	NOUN
ajfa-11810	108	25	return	return	NOUN
ajfa-11810	108	26	on	on	ADP
ajfa-11810	108	27	assets	asset	NOUN
ajfa-11810	108	28	net	net	NOUN
ajfa-11810	108	29	annual	annual	ADJ
ajfa-11810	108	30	income1	income1	NOUN
ajfa-11810	108	31	divided	divide	VERB
ajfa-11810	108	32	by	by	ADP
ajfa-11810	108	33	total	total	ADJ
ajfa-11810	108	34	assets	asset	NOUN
ajfa-11810	108	35	leverage	leverage	NOUN
ajfa-11810	108	36	total	total	ADJ
ajfa-11810	108	37	assets	asset	NOUN
ajfa-11810	108	38	divided	divide	VERB
ajfa-11810	108	39	by	by	ADP
ajfa-11810	108	40	total	total	ADJ
ajfa-11810	108	41	liabilities	liability	NOUN
ajfa-11810	108	42	initial	initial	ADJ
ajfa-11810	108	43	a	a	DET
ajfa-11810	108	44	dummy	dummy	ADJ
ajfa-11810	108	45	variable	variable	NOUN
ajfa-11810	108	46	taking	take	VERB
ajfa-11810	108	47	the	the	DET
ajfa-11810	108	48	value	value	NOUN
ajfa-11810	108	49	of	of	ADP
ajfa-11810	108	50	1	1	NUM
ajfa-11810	108	51	if	if	SCONJ
ajfa-11810	108	52	an	an	DET
ajfa-11810	108	53	individual	individual	ADJ
ajfa-11810	108	54	reit	reit	NOUN
ajfa-11810	108	55	's	's	PART
ajfa-11810	108	56	audit	audit	NOUN
ajfa-11810	108	57	firm	firm	NOUN
ajfa-11810	108	58	is	be	AUX
ajfa-11810	108	59	in	in	ADP
ajfa-11810	108	60	either	either	CCONJ
ajfa-11810	108	61	the	the	DET
ajfa-11810	108	62	first	first	ADJ
ajfa-11810	108	63	or	or	CCONJ
ajfa-11810	108	64	second	second	ADJ
ajfa-11810	108	65	year	year	NOUN
ajfa-11810	108	66	of	of	ADP
ajfa-11810	108	67	engagement	engagement	NOUN
ajfa-11810	108	68	,	,	PUNCT
ajfa-11810	108	69	and	and	CCONJ
ajfa-11810	108	70	0	0	NUM
ajfa-11810	108	71	otherwise3	otherwise3	ADJ
ajfa-11810	108	72	log(other	log(other	ADJ
ajfa-11810	108	73	fees	fee	NOUN
ajfa-11810	108	74	)	)	PUNCT
ajfa-11810	108	75	natural	natural	ADJ
ajfa-11810	108	76	log	log	NOUN
ajfa-11810	108	77	of	of	ADP
ajfa-11810	108	78	(	(	PUNCT
ajfa-11810	108	79	all	all	DET
ajfa-11810	108	80	non	non	ADJ
ajfa-11810	108	81	-	-	ADJ
ajfa-11810	108	82	audit	audit	ADJ
ajfa-11810	108	83	fees	fee	NOUN
ajfa-11810	108	84	=	=	SYM
ajfa-11810	108	85	income	income	NOUN
ajfa-11810	108	86	tax	tax	NOUN
ajfa-11810	108	87	preparation	preparation	NOUN
ajfa-11810	108	88	services	service	NOUN
ajfa-11810	108	89	+	+	CCONJ
ajfa-11810	108	90	information	information	NOUN
ajfa-11810	108	91	systems	system	NOUN
ajfa-11810	108	92	consulting	consult	VERB
ajfa-11810	108	93	+	+	CCONJ
ajfa-11810	108	94	benefits	benefit	NOUN
ajfa-11810	108	95	administration	administration	NOUN
ajfa-11810	108	96	+	+	CCONJ
ajfa-11810	108	97	other	other	ADJ
ajfa-11810	108	98	non	non	ADJ
ajfa-11810	108	99	-	-	ADJ
ajfa-11810	108	100	audit	audit	ADJ
ajfa-11810	108	101	fees	fee	NOUN
ajfa-11810	108	102	+	+	CCONJ
ajfa-11810	108	103	1)2	1)2	NUM
ajfa-11810	108	104	log(properties	log(propertie	NOUN
ajfa-11810	108	105	)	)	PUNCT
ajfa-11810	108	106	the	the	DET
ajfa-11810	108	107	natural	natural	ADJ
ajfa-11810	108	108	log	log	NOUN
ajfa-11810	108	109	of	of	ADP
ajfa-11810	108	110	(	(	PUNCT
ajfa-11810	108	111	total	total	ADJ
ajfa-11810	108	112	number	number	NOUN
ajfa-11810	108	113	of	of	ADP
ajfa-11810	108	114	properties	property	NOUN
ajfa-11810	108	115	owned	own	VERB
ajfa-11810	108	116	or	or	CCONJ
ajfa-11810	108	117	controlled	control	VERB
ajfa-11810	108	118	by	by	ADP
ajfa-11810	108	119	the	the	DET
ajfa-11810	108	120	individual	individual	ADJ
ajfa-11810	108	121	reits	reit	NOUN
ajfa-11810	108	122	or	or	CCONJ
ajfa-11810	108	123	their	their	PRON
ajfa-11810	108	124	respective	respective	ADJ
ajfa-11810	108	125	subsidiaries	subsidiary	NOUN
ajfa-11810	108	126	as	as	SCONJ
ajfa-11810	108	127	reported	report	VERB
ajfa-11810	108	128	in	in	ADP
ajfa-11810	108	129	their	their	PRON
ajfa-11810	108	130	annual	annual	ADJ
ajfa-11810	108	131	10	10	NUM
ajfa-11810	108	132	-	-	PUNCT
ajfa-11810	108	133	k	k	NOUN
ajfa-11810	108	134	report	report	NOUN
ajfa-11810	108	135	+	+	X
ajfa-11810	108	136	1)5	1)5	NUM
ajfa-11810	108	137	asian	asian	ADJ
ajfa-11810	108	138	journal	journal	NOUN
ajfa-11810	108	139	of	of	ADP
ajfa-11810	108	140	finance	finance	PROPN
ajfa-11810	108	141	&	&	CCONJ
ajfa-11810	108	142	accounting	accounting	PROPN
ajfa-11810	108	143	issn	issn	PROPN
ajfa-11810	108	144	1946	1946	NUM
ajfa-11810	108	145	-	-	PUNCT
ajfa-11810	108	146	052x	052x	NOUN
ajfa-11810	108	147	2018	2018	NUM
ajfa-11810	108	148	,	,	PUNCT
ajfa-11810	108	149	vol	vol	NOUN
ajfa-11810	108	150	.	.	PROPN
ajfa-11810	108	151	10	10	NUM
ajfa-11810	108	152	,	,	PUNCT
ajfa-11810	108	153	no	no	INTJ
ajfa-11810	108	154	.	.	NOUN
ajfa-11810	108	155	1	1	NUM
ajfa-11810	108	156	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	108	157	88	88	NUM
ajfa-11810	108	158	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	108	159	)	)	PUNCT
ajfa-11810	108	160	the	the	DET
ajfa-11810	108	161	natural	natural	ADJ
ajfa-11810	108	162	log	log	NOUN
ajfa-11810	108	163	of	of	ADP
ajfa-11810	108	164	(	(	PUNCT
ajfa-11810	108	165	total	total	ADJ
ajfa-11810	108	166	number	number	NOUN
ajfa-11810	108	167	of	of	ADP
ajfa-11810	108	168	subsidiaries	subsidiary	NOUN
ajfa-11810	108	169	owned	own	VERB
ajfa-11810	108	170	or	or	CCONJ
ajfa-11810	108	171	controlled	control	VERB
ajfa-11810	108	172	by	by	ADP
ajfa-11810	108	173	the	the	DET
ajfa-11810	108	174	individual	individual	ADJ
ajfa-11810	108	175	reits	reit	NOUN
ajfa-11810	108	176	or	or	CCONJ
ajfa-11810	108	177	their	their	PRON
ajfa-11810	108	178	respective	respective	ADJ
ajfa-11810	108	179	subsidiaries	subsidiary	NOUN
ajfa-11810	108	180	as	as	SCONJ
ajfa-11810	108	181	reported	report	VERB
ajfa-11810	108	182	in	in	ADP
ajfa-11810	108	183	their	their	PRON
ajfa-11810	108	184	annual	annual	ADJ
ajfa-11810	108	185	10	10	NUM
ajfa-11810	108	186	-	-	PUNCT
ajfa-11810	108	187	k	k	NOUN
ajfa-11810	108	188	report	report	NOUN
ajfa-11810	108	189	+	+	X
ajfa-11810	108	190	1)5	1)5	NUM
ajfa-11810	108	191	foreign	foreign	ADJ
ajfa-11810	108	192	a	a	DET
ajfa-11810	108	193	dummy	dummy	ADJ
ajfa-11810	108	194	variable	variable	NOUN
ajfa-11810	108	195	taking	take	VERB
ajfa-11810	108	196	the	the	DET
ajfa-11810	108	197	value	value	NOUN
ajfa-11810	108	198	of	of	ADP
ajfa-11810	108	199	1	1	NUM
ajfa-11810	108	200	if	if	SCONJ
ajfa-11810	108	201	an	an	DET
ajfa-11810	108	202	individual	individual	ADJ
ajfa-11810	108	203	reit	reit	NOUN
ajfa-11810	108	204	has	have	VERB
ajfa-11810	108	205	operations	operation	NOUN
ajfa-11810	108	206	outside	outside	ADP
ajfa-11810	108	207	of	of	ADP
ajfa-11810	108	208	the	the	DET
ajfa-11810	108	209	united	united	PROPN
ajfa-11810	108	210	states	states	PROPN
ajfa-11810	108	211	as	as	SCONJ
ajfa-11810	108	212	reported	report	VERB
ajfa-11810	108	213	in	in	ADP
ajfa-11810	108	214	crsp	crsp	PROPN
ajfa-11810	108	215	/	/	SYM
ajfa-11810	108	216	compustat	compustat	NOUN
ajfa-11810	108	217	database	database	NOUN
ajfa-11810	108	218	,	,	PUNCT
ajfa-11810	108	219	and	and	CCONJ
ajfa-11810	108	220	0	0	NUM
ajfa-11810	108	221	otherwise	otherwise	ADV
ajfa-11810	108	222	extra	extra	ADJ
ajfa-11810	108	223	/	/	SYM
ajfa-11810	108	224	disc	disc	NOUN
ajfa-11810	108	225	items	item	NOUN
ajfa-11810	108	226	a	a	DET
ajfa-11810	108	227	dummy	dummy	ADJ
ajfa-11810	108	228	variable	variable	NOUN
ajfa-11810	108	229	taking	take	VERB
ajfa-11810	108	230	the	the	DET
ajfa-11810	108	231	value	value	NOUN
ajfa-11810	108	232	of	of	ADP
ajfa-11810	108	233	1	1	NUM
ajfa-11810	108	234	if	if	SCONJ
ajfa-11810	108	235	an	an	DET
ajfa-11810	108	236	individual	individual	ADJ
ajfa-11810	108	237	reit	reit	NOUN
ajfa-11810	108	238	has	have	VERB
ajfa-11810	108	239	extraordinary	extraordinary	ADJ
ajfa-11810	108	240	items	item	NOUN
ajfa-11810	108	241	and/or	and/or	CCONJ
ajfa-11810	108	242	discontinued	discontinue	VERB
ajfa-11810	108	243	operations	operation	NOUN
ajfa-11810	108	244	as	as	SCONJ
ajfa-11810	108	245	reported	report	VERB
ajfa-11810	108	246	in	in	ADP
ajfa-11810	108	247	the	the	DET
ajfa-11810	108	248	crsp	crsp	ADJ
ajfa-11810	108	249	/	/	SYM
ajfa-11810	108	250	compustat	compustat	NOUN
ajfa-11810	108	251	database	database	NOUN
ajfa-11810	108	252	,	,	PUNCT
ajfa-11810	108	253	and	and	CCONJ
ajfa-11810	108	254	0	0	NUM
ajfa-11810	108	255	otherwise	otherwise	ADV
ajfa-11810	108	256	reit	reit	NOUN
ajfa-11810	108	257	type	type	VERB
ajfa-11810	108	258	a	a	DET
ajfa-11810	108	259	dummy	dummy	ADJ
ajfa-11810	108	260	variable	variable	NOUN
ajfa-11810	108	261	taking	take	VERB
ajfa-11810	108	262	the	the	DET
ajfa-11810	108	263	value	value	NOUN
ajfa-11810	108	264	of	of	ADP
ajfa-11810	108	265	1	1	NUM
ajfa-11810	108	266	if	if	SCONJ
ajfa-11810	108	267	an	an	DET
ajfa-11810	108	268	individual	individual	ADJ
ajfa-11810	108	269	reit	reit	NOUN
ajfa-11810	108	270	is	be	AUX
ajfa-11810	108	271	y	y	NOUN
ajfa-11810	108	272	-	-	PUNCT
ajfa-11810	108	273	type	type	NOUN
ajfa-11810	108	274	,	,	PUNCT
ajfa-11810	108	275	and	and	CCONJ
ajfa-11810	108	276	0	0	NUM
ajfa-11810	108	277	otherwise6	otherwise6	NOUN
ajfa-11810	108	278	notes:1log	notes:1log	NOUN
ajfa-11810	108	279	values	value	NOUN
ajfa-11810	108	280	computed	compute	VERB
ajfa-11810	108	281	on	on	ADP
ajfa-11810	108	282	values	value	NOUN
ajfa-11810	108	283	reported	report	VERB
ajfa-11810	108	284	in	in	ADP
ajfa-11810	108	285	the	the	DET
ajfa-11810	108	286	compustat	compustat	NOUN
ajfa-11810	108	287	database	database	NOUN
ajfa-11810	108	288	.	.	PUNCT
ajfa-11810	109	1	2log	2log	NOUN
ajfa-11810	109	2	values	value	NOUN
ajfa-11810	109	3	computed	compute	VERB
ajfa-11810	109	4	on	on	ADP
ajfa-11810	109	5	values	value	NOUN
ajfa-11810	109	6	reported	report	VERB
ajfa-11810	109	7	in	in	ADP
ajfa-11810	109	8	the	the	DET
ajfa-11810	109	9	audit	audit	NOUN
ajfa-11810	109	10	analytics	analytic	NOUN
ajfa-11810	109	11	database	database	NOUN
ajfa-11810	109	12	.	.	PUNCT
ajfa-11810	110	1	3specific	3specific	NUM
ajfa-11810	110	2	reit	reit	NOUN
ajfa-11810	110	3	audit	audit	NOUN
ajfa-11810	110	4	and	and	CCONJ
ajfa-11810	110	5	auditor	auditor	NOUN
ajfa-11810	110	6	information	information	NOUN
ajfa-11810	110	7	reported	report	VERB
ajfa-11810	110	8	in	in	ADP
ajfa-11810	110	9	the	the	DET
ajfa-11810	110	10	audit	audit	NOUN
ajfa-11810	110	11	analytics	analytic	NOUN
ajfa-11810	110	12	database	database	NOUN
ajfa-11810	110	13	.	.	PUNCT
ajfa-11810	111	1	4the	4the	NUM
ajfa-11810	111	2	group	group	NOUN
ajfa-11810	111	3	of	of	ADP
ajfa-11810	111	4	audit	audit	NOUN
ajfa-11810	111	5	firms	firm	NOUN
ajfa-11810	111	6	currently	currently	ADV
ajfa-11810	111	7	known	know	VERB
ajfa-11810	111	8	as	as	ADP
ajfa-11810	111	9	the	the	DET
ajfa-11810	111	10	“	"	PUNCT
ajfa-11810	111	11	big	big	ADJ
ajfa-11810	111	12	4	4	NUM
ajfa-11810	111	13	”	"	PUNCT
ajfa-11810	111	14	includes	include	VERB
ajfa-11810	111	15	pricewaterhousecoopers	pricewaterhousecooper	NOUN
ajfa-11810	111	16	,	,	PUNCT
ajfa-11810	111	17	deloitte	deloitte	PROPN
ajfa-11810	111	18	&	&	CCONJ
ajfa-11810	111	19	touche	touche	PROPN
ajfa-11810	111	20	,	,	PUNCT
ajfa-11810	111	21	ernst	ernst	PROPN
ajfa-11810	111	22	&	&	CCONJ
ajfa-11810	111	23	young	young	PROPN
ajfa-11810	111	24	,	,	PUNCT
ajfa-11810	111	25	and	and	CCONJ
ajfa-11810	111	26	kpmg	kpmg	PROPN
ajfa-11810	111	27	,	,	PUNCT
ajfa-11810	111	28	ranked	rank	VERB
ajfa-11810	111	29	"	"	PUNCT
ajfa-11810	111	30	1	1	NUM
ajfa-11810	111	31	"	"	PUNCT
ajfa-11810	111	32	through	through	ADP
ajfa-11810	111	33	"	"	PUNCT
ajfa-11810	111	34	4	4	NUM
ajfa-11810	111	35	"	"	PUNCT
ajfa-11810	111	36	based	base	VERB
ajfa-11810	111	37	on	on	ADP
ajfa-11810	111	38	annual	annual	ADJ
ajfa-11810	111	39	revenues	revenue	NOUN
ajfa-11810	111	40	,	,	PUNCT
ajfa-11810	111	41	respectively	respectively	ADV
ajfa-11810	111	42	,	,	PUNCT
ajfa-11810	111	43	as	as	SCONJ
ajfa-11810	111	44	reported	report	VERB
ajfa-11810	111	45	at	at	ADP
ajfa-11810	111	46	http://www.big4.com	http://www.big4.com	PROPN
ajfa-11810	111	47	.	.	PUNCT
ajfa-11810	112	1	5specific	5specific	NUM
ajfa-11810	112	2	,	,	PUNCT
ajfa-11810	112	3	individual	individual	ADJ
ajfa-11810	112	4	reit	reit	NOUN
ajfa-11810	112	5	10	10	NUM
ajfa-11810	112	6	-	-	PUNCT
ajfa-11810	112	7	k	k	NOUN
ajfa-11810	112	8	annual	annual	ADJ
ajfa-11810	112	9	reports	report	NOUN
ajfa-11810	112	10	accessed	access	VERB
ajfa-11810	112	11	at	at	ADP
ajfa-11810	112	12	http://www.sec.gov.6reit	http://www.sec.gov.6reit	ADJ
ajfa-11810	112	13	type	type	NOUN
ajfa-11810	112	14	indicates	indicate	VERB
ajfa-11810	112	15	type	type	NOUN
ajfa-11810	112	16	of	of	ADP
ajfa-11810	112	17	reit	reit	NOUN
ajfa-11810	112	18	industry	industry	NOUN
ajfa-11810	112	19	classification	classification	NOUN
ajfa-11810	112	20	including	include	VERB
ajfa-11810	112	21	multifamily	multifamily	ADV
ajfa-11810	112	22	,	,	PUNCT
ajfa-11810	112	23	manufacturing	manufacturing	NOUN
ajfa-11810	112	24	,	,	PUNCT
ajfa-11810	112	25	healthcare	healthcare	PROPN
ajfa-11810	112	26	,	,	PUNCT
ajfa-11810	112	27	shopping	shopping	NOUN
ajfa-11810	112	28	center	center	NOUN
ajfa-11810	112	29	,	,	PUNCT
ajfa-11810	112	30	freestanding	freestanding	NOUN
ajfa-11810	112	31	,	,	PUNCT
ajfa-11810	112	32	regional	regional	ADJ
ajfa-11810	112	33	mall	mall	NOUN
ajfa-11810	112	34	,	,	PUNCT
ajfa-11810	112	35	lodging	lodging	NOUN
ajfa-11810	112	36	/	/	SYM
ajfa-11810	112	37	resort	resort	NOUN
ajfa-11810	112	38	,	,	PUNCT
ajfa-11810	112	39	diversified	diversified	ADJ
ajfa-11810	112	40	,	,	PUNCT
ajfa-11810	112	41	office	office	NOUN
ajfa-11810	112	42	,	,	PUNCT
ajfa-11810	112	43	industrial	industrial	ADJ
ajfa-11810	112	44	,	,	PUNCT
ajfa-11810	112	45	office	office	NOUN
ajfa-11810	112	46	/	/	SYM
ajfa-11810	112	47	industrial	industrial	ADJ
ajfa-11810	112	48	mixed	mixed	ADJ
ajfa-11810	112	49	,	,	PUNCT
ajfa-11810	112	50	self	self	NOUN
ajfa-11810	112	51	-	-	PUNCT
ajfa-11810	112	52	storage	storage	NOUN
ajfa-11810	112	53	,	,	PUNCT
ajfa-11810	112	54	commercial	commercial	ADJ
ajfa-11810	112	55	mortgage	mortgage	NOUN
ajfa-11810	112	56	,	,	PUNCT
ajfa-11810	112	57	and	and	CCONJ
ajfa-11810	112	58	residential	residential	ADJ
ajfa-11810	112	59	mortgage	mortgage	NOUN
ajfa-11810	112	60	.	.	PUNCT
ajfa-11810	113	1	as	as	SCONJ
ajfa-11810	113	2	shown	show	VERB
ajfa-11810	113	3	in	in	ADP
ajfa-11810	113	4	table	table	NOUN
ajfa-11810	113	5	2	2	NUM
ajfa-11810	113	6	below	below	ADP
ajfa-11810	113	7	,	,	PUNCT
ajfa-11810	113	8	17.35	17.35	NUM
ajfa-11810	113	9	%	%	NOUN
ajfa-11810	113	10	of	of	ADP
ajfa-11810	113	11	the	the	DET
ajfa-11810	113	12	reits	reit	NOUN
ajfa-11810	113	13	in	in	ADP
ajfa-11810	113	14	the	the	DET
ajfa-11810	113	15	sample	sample	NOUN
ajfa-11810	113	16	hold	hold	VERB
ajfa-11810	113	17	a	a	DET
ajfa-11810	113	18	diversified	diversified	ADJ
ajfa-11810	113	19	portfolio	portfolio	NOUN
ajfa-11810	113	20	of	of	ADP
ajfa-11810	113	21	properties	property	NOUN
ajfa-11810	113	22	.	.	PUNCT
ajfa-11810	114	1	there	there	PRON
ajfa-11810	114	2	are	be	VERB
ajfa-11810	114	3	11	11	NUM
ajfa-11810	114	4	multifamily	multifamily	ADJ
ajfa-11810	114	5	and	and	CCONJ
ajfa-11810	114	6	11	11	NUM
ajfa-11810	114	7	residential	residential	ADJ
ajfa-11810	114	8	reits	reit	NOUN
ajfa-11810	114	9	,	,	PUNCT
ajfa-11810	114	10	accounting	account	VERB
ajfa-11810	114	11	for	for	ADP
ajfa-11810	114	12	22.44	22.44	NUM
ajfa-11810	114	13	%	%	NOUN
ajfa-11810	114	14	of	of	ADP
ajfa-11810	114	15	the	the	DET
ajfa-11810	114	16	sample	sample	NOUN
ajfa-11810	114	17	.	.	PUNCT
ajfa-11810	115	1	office	office	NOUN
ajfa-11810	115	2	,	,	PUNCT
ajfa-11810	115	3	healthcare	healthcare	PROPN
ajfa-11810	115	4	,	,	PUNCT
ajfa-11810	115	5	and	and	CCONJ
ajfa-11810	115	6	lodging	lodging	NOUN
ajfa-11810	115	7	and	and	CCONJ
ajfa-11810	115	8	resort	resort	NOUN
ajfa-11810	115	9	reits	reit	NOUN
ajfa-11810	115	10	comprise	comprise	VERB
ajfa-11810	115	11	27.6	27.6	NUM
ajfa-11810	115	12	%	%	NOUN
ajfa-11810	115	13	of	of	ADP
ajfa-11810	115	14	the	the	DET
ajfa-11810	115	15	sample	sample	NOUN
ajfa-11810	115	16	with	with	ADP
ajfa-11810	115	17	nine	nine	NUM
ajfa-11810	115	18	properties	property	NOUN
ajfa-11810	115	19	each	each	PRON
ajfa-11810	115	20	.	.	PUNCT
ajfa-11810	116	1	asian	asian	ADJ
ajfa-11810	116	2	journal	journal	PROPN
ajfa-11810	116	3	of	of	ADP
ajfa-11810	116	4	finance	finance	PROPN
ajfa-11810	116	5	&	&	CCONJ
ajfa-11810	116	6	accounting	accounting	PROPN
ajfa-11810	116	7	issn	issn	PROPN
ajfa-11810	116	8	1946	1946	NUM
ajfa-11810	116	9	-	-	PUNCT
ajfa-11810	116	10	052x	052x	NOUN
ajfa-11810	116	11	2018	2018	NUM
ajfa-11810	116	12	,	,	PUNCT
ajfa-11810	116	13	vol	vol	NOUN
ajfa-11810	116	14	.	.	PROPN
ajfa-11810	117	1	10	10	NUM
ajfa-11810	117	2	,	,	PUNCT
ajfa-11810	117	3	no	no	INTJ
ajfa-11810	117	4	.	.	NOUN
ajfa-11810	117	5	1	1	NUM
ajfa-11810	117	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	117	7	89	89	NUM
ajfa-11810	117	8	table	table	NOUN
ajfa-11810	117	9	2	2	NUM
ajfa-11810	117	10	.	.	PUNCT
ajfa-11810	118	1	reit	reit	NOUN
ajfa-11810	118	2	-	-	PUNCT
ajfa-11810	118	3	type	type	NOUN
ajfa-11810	118	4	distributions	distribution	NOUN
ajfa-11810	118	5	reit	reit	PROPN
ajfa-11810	118	6	specialization	specialization	PROPN
ajfa-11810	118	7	reit	reit	PROPN
ajfa-11810	118	8	type	type	NOUN
ajfa-11810	118	9	#	#	NOUN
ajfa-11810	118	10	of	of	ADP
ajfa-11810	118	11	reits	reit	NOUN
ajfa-11810	118	12	in	in	ADP
ajfa-11810	118	13	sample	sample	NOUN
ajfa-11810	118	14	%	%	NOUN
ajfa-11810	118	15	of	of	ADP
ajfa-11810	118	16	reits	reit	NOUN
ajfa-11810	118	17	in	in	ADP
ajfa-11810	118	18	sample	sample	NOUN
ajfa-11810	118	19	diversified	diversify	VERB
ajfa-11810	118	20	portfolio	portfolio	NOUN
ajfa-11810	118	21	of	of	ADP
ajfa-11810	118	22	properties	property	NOUN
ajfa-11810	118	23	equity	equity	VERB
ajfa-11810	118	24	17	17	NUM
ajfa-11810	118	25	17.35	17.35	NUM
ajfa-11810	118	26	%	%	NOUN
ajfa-11810	118	27	multifamily	multifamily	ADJ
ajfa-11810	118	28	residential	residential	ADJ
ajfa-11810	118	29	properties	property	NOUN
ajfa-11810	118	30	equity	equity	VERB
ajfa-11810	118	31	11	11	NUM
ajfa-11810	118	32	11.22	11.22	NUM
ajfa-11810	118	33	%	%	NOUN
ajfa-11810	118	34	retail	retail	ADJ
ajfa-11810	118	35	shopping	shopping	NOUN
ajfa-11810	118	36	center	center	NOUN
ajfa-11810	118	37	properties	property	NOUN
ajfa-11810	118	38	equity	equity	VERB
ajfa-11810	118	39	11	11	NUM
ajfa-11810	118	40	11.22	11.22	NUM
ajfa-11810	118	41	%	%	NOUN
ajfa-11810	118	42	office	office	NOUN
ajfa-11810	118	43	properties	property	NOUN
ajfa-11810	118	44	equity	equity	NOUN
ajfa-11810	118	45	9	9	NUM
ajfa-11810	118	46	9.18	9.18	NUM
ajfa-11810	118	47	%	%	NOUN
ajfa-11810	118	48	healthcare	healthcare	NOUN
ajfa-11810	118	49	properties	property	NOUN
ajfa-11810	118	50	equity	equity	NOUN
ajfa-11810	118	51	9	9	NUM
ajfa-11810	118	52	9.18	9.18	NUM
ajfa-11810	118	53	%	%	NOUN
ajfa-11810	118	54	lodging	lodging	NOUN
ajfa-11810	118	55	&	&	CCONJ
ajfa-11810	118	56	resort	resort	NOUN
ajfa-11810	118	57	properties	property	NOUN
ajfa-11810	118	58	equity	equity	NOUN
ajfa-11810	118	59	9	9	NUM
ajfa-11810	118	60	9.18	9.18	NUM
ajfa-11810	118	61	%	%	NOUN
ajfa-11810	118	62	retail	retail	ADJ
ajfa-11810	118	63	regional	regional	ADJ
ajfa-11810	118	64	mall	mall	NOUN
ajfa-11810	118	65	properties	property	NOUN
ajfa-11810	118	66	equity	equity	NOUN
ajfa-11810	118	67	6	6	NUM
ajfa-11810	118	68	6.12	6.12	NUM
ajfa-11810	118	69	%	%	NOUN
ajfa-11810	118	70	residential	residential	ADJ
ajfa-11810	118	71	mortgage	mortgage	NOUN
ajfa-11810	118	72	investments	investment	NOUN
ajfa-11810	118	73	mortgage	mortgage	NOUN
ajfa-11810	118	74	6	6	NUM
ajfa-11810	118	75	6.12	6.12	NUM
ajfa-11810	118	76	%	%	NOUN
ajfa-11810	118	77	office	office	NOUN
ajfa-11810	118	78	&	&	CCONJ
ajfa-11810	118	79	industrial	industrial	ADJ
ajfa-11810	118	80	properties	property	NOUN
ajfa-11810	118	81	equity	equity	NOUN
ajfa-11810	118	82	5	5	NUM
ajfa-11810	118	83	5.10	5.10	NUM
ajfa-11810	118	84	%	%	NOUN
ajfa-11810	118	85	freestanding	freestande	VERB
ajfa-11810	118	86	single	single	ADJ
ajfa-11810	118	87	-	-	PUNCT
ajfa-11810	118	88	tenant	tenant	NOUN
ajfa-11810	118	89	properties	property	NOUN
ajfa-11810	118	90	equity	equity	NOUN
ajfa-11810	118	91	4	4	NUM
ajfa-11810	118	92	4.08	4.08	NUM
ajfa-11810	118	93	%	%	NOUN
ajfa-11810	118	94	industrial	industrial	ADJ
ajfa-11810	118	95	properties	property	NOUN
ajfa-11810	118	96	equity	equity	NOUN
ajfa-11810	118	97	4	4	NUM
ajfa-11810	118	98	4.08	4.08	NUM
ajfa-11810	118	99	%	%	NOUN
ajfa-11810	118	100	residential	residential	ADJ
ajfa-11810	118	101	manufactured	manufacture	VERB
ajfa-11810	118	102	home	home	NOUN
ajfa-11810	118	103	properties	property	NOUN
ajfa-11810	118	104	equity	equity	NOUN
ajfa-11810	118	105	3	3	NUM
ajfa-11810	118	106	3.06	3.06	NUM
ajfa-11810	118	107	%	%	NOUN
ajfa-11810	118	108	commercial	commercial	ADJ
ajfa-11810	118	109	mortgage	mortgage	NOUN
ajfa-11810	118	110	investments	investment	NOUN
ajfa-11810	118	111	mortgage	mortgage	NOUN
ajfa-11810	118	112	3	3	NUM
ajfa-11810	118	113	3.06	3.06	NUM
ajfa-11810	118	114	%	%	NOUN
ajfa-11810	118	115	self	self	NOUN
ajfa-11810	118	116	-	-	PUNCT
ajfa-11810	118	117	storage	storage	NOUN
ajfa-11810	118	118	&	&	CCONJ
ajfa-11810	118	119	mini	mini	NOUN
ajfa-11810	118	120	-	-	NOUN
ajfa-11810	118	121	warehouse	warehouse	NOUN
ajfa-11810	118	122	properties	property	NOUN
ajfa-11810	118	123	equity	equity	NOUN
ajfa-11810	118	124	1	1	NUM
ajfa-11810	118	125	1.02	1.02	NUM
ajfa-11810	118	126	%	%	NOUN
ajfa-11810	118	127	totals	total	NOUN
ajfa-11810	118	128	98	98	NUM
ajfa-11810	118	129	100.00	100.00	NUM
ajfa-11810	118	130	%	%	NOUN
ajfa-11810	118	131	notes:98	notes:98	ADV
ajfa-11810	118	132	reits	reit	NOUN
ajfa-11810	118	133	maintained	maintain	VERB
ajfa-11810	118	134	reit	reit	NOUN
ajfa-11810	118	135	status	status	NOUN
ajfa-11810	118	136	during	during	ADP
ajfa-11810	118	137	the	the	DET
ajfa-11810	118	138	entire	entire	ADJ
ajfa-11810	118	139	sample	sample	NOUN
ajfa-11810	118	140	period	period	NOUN
ajfa-11810	118	141	of	of	ADP
ajfa-11810	118	142	2002	2002	NUM
ajfa-11810	118	143	-	-	SYM
ajfa-11810	118	144	2011	2011	NUM
ajfa-11810	118	145	as	as	SCONJ
ajfa-11810	118	146	confirmed	confirm	VERB
ajfa-11810	118	147	in	in	ADP
ajfa-11810	118	148	specific	specific	ADJ
ajfa-11810	118	149	,	,	PUNCT
ajfa-11810	118	150	individual	individual	ADJ
ajfa-11810	118	151	reit	reit	NOUN
ajfa-11810	118	152	10	10	NUM
ajfa-11810	118	153	-	-	PUNCT
ajfa-11810	118	154	k	k	NOUN
ajfa-11810	118	155	annual	annual	ADJ
ajfa-11810	118	156	reports	report	NOUN
ajfa-11810	118	157	.	.	PUNCT
ajfa-11810	119	1	table	table	NOUN
ajfa-11810	119	2	3	3	NUM
ajfa-11810	119	3	below	below	ADP
ajfa-11810	119	4	presents	present	NOUN
ajfa-11810	119	5	selected	select	VERB
ajfa-11810	119	6	financial	financial	ADJ
ajfa-11810	119	7	data	datum	NOUN
ajfa-11810	119	8	for	for	ADP
ajfa-11810	119	9	the	the	DET
ajfa-11810	119	10	reits	reit	NOUN
ajfa-11810	119	11	in	in	ADP
ajfa-11810	119	12	the	the	DET
ajfa-11810	119	13	sample	sample	NOUN
ajfa-11810	119	14	.	.	PUNCT
ajfa-11810	120	1	total	total	ADJ
ajfa-11810	120	2	assets	asset	NOUN
ajfa-11810	120	3	and	and	CCONJ
ajfa-11810	120	4	liabilities	liability	NOUN
ajfa-11810	120	5	average	average	VERB
ajfa-11810	120	6	$	$	SYM
ajfa-11810	120	7	4.19	4.19	NUM
ajfa-11810	120	8	and	and	CCONJ
ajfa-11810	120	9	$	$	SYM
ajfa-11810	120	10	2.83	2.83	NUM
ajfa-11810	120	11	billion	billion	NUM
ajfa-11810	120	12	,	,	PUNCT
ajfa-11810	120	13	respectively	respectively	ADV
ajfa-11810	120	14	,	,	PUNCT
ajfa-11810	120	15	while	while	SCONJ
ajfa-11810	120	16	average	average	ADJ
ajfa-11810	120	17	stockholder	stockholder	NOUN
ajfa-11810	120	18	equity	equity	NOUN
ajfa-11810	120	19	and	and	CCONJ
ajfa-11810	120	20	long	long	ADJ
ajfa-11810	120	21	-	-	PUNCT
ajfa-11810	120	22	term	term	NOUN
ajfa-11810	120	23	debt	debt	NOUN
ajfa-11810	120	24	are	be	AUX
ajfa-11810	120	25	$	$	SYM
ajfa-11810	120	26	1.25	1.25	NUM
ajfa-11810	120	27	and	and	CCONJ
ajfa-11810	120	28	$	$	SYM
ajfa-11810	120	29	1.85	1.85	NUM
ajfa-11810	120	30	billion	billion	NUM
ajfa-11810	120	31	,	,	PUNCT
ajfa-11810	120	32	respectively	respectively	ADV
ajfa-11810	120	33	.	.	PUNCT
ajfa-11810	121	1	on	on	ADP
ajfa-11810	121	2	average	average	ADJ
ajfa-11810	121	3	,	,	PUNCT
ajfa-11810	121	4	reits	reit	NOUN
ajfa-11810	121	5	have	have	VERB
ajfa-11810	121	6	net	net	ADJ
ajfa-11810	121	7	income	income	NOUN
ajfa-11810	121	8	of	of	ADP
ajfa-11810	121	9	$	$	SYM
ajfa-11810	121	10	89.73	89.73	NUM
ajfa-11810	121	11	million	million	NUM
ajfa-11810	121	12	,	,	PUNCT
ajfa-11810	121	13	on	on	ADP
ajfa-11810	121	14	annual	annual	ADJ
ajfa-11810	121	15	revenues	revenue	NOUN
ajfa-11810	121	16	of	of	ADP
ajfa-11810	121	17	$	$	SYM
ajfa-11810	121	18	581.79	581.79	NUM
ajfa-11810	121	19	million	million	NUM
ajfa-11810	121	20	.	.	PUNCT
ajfa-11810	122	1	mean	mean	VERB
ajfa-11810	122	2	equity	equity	NOUN
ajfa-11810	122	3	investment	investment	NOUN
ajfa-11810	122	4	in	in	ADP
ajfa-11810	122	5	reits	reit	NOUN
ajfa-11810	122	6	is	be	AUX
ajfa-11810	122	7	$	$	SYM
ajfa-11810	122	8	133.28	133.28	NUM
ajfa-11810	122	9	million	million	NUM
ajfa-11810	122	10	,	,	PUNCT
ajfa-11810	122	11	while	while	SCONJ
ajfa-11810	122	12	debt	debt	NOUN
ajfa-11810	122	13	investment	investment	NOUN
ajfa-11810	122	14	averages	average	VERB
ajfa-11810	122	15	$	$	SYM
ajfa-11810	122	16	2.47	2.47	NUM
ajfa-11810	122	17	billion	billion	NUM
ajfa-11810	122	18	.	.	PUNCT
ajfa-11810	123	1	asian	asian	ADJ
ajfa-11810	123	2	journal	journal	PROPN
ajfa-11810	123	3	of	of	ADP
ajfa-11810	123	4	finance	finance	PROPN
ajfa-11810	123	5	&	&	CCONJ
ajfa-11810	123	6	accounting	accounting	PROPN
ajfa-11810	123	7	issn	issn	PROPN
ajfa-11810	123	8	1946	1946	NUM
ajfa-11810	123	9	-	-	PUNCT
ajfa-11810	123	10	052x	052x	NOUN
ajfa-11810	123	11	2018	2018	NUM
ajfa-11810	123	12	,	,	PUNCT
ajfa-11810	123	13	vol	vol	NOUN
ajfa-11810	123	14	.	.	PROPN
ajfa-11810	124	1	10	10	NUM
ajfa-11810	124	2	,	,	PUNCT
ajfa-11810	124	3	no	no	INTJ
ajfa-11810	124	4	.	.	NOUN
ajfa-11810	124	5	1	1	NUM
ajfa-11810	124	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	124	7	90	90	NUM
ajfa-11810	124	8	table	table	NOUN
ajfa-11810	124	9	3	3	NUM
ajfa-11810	124	10	.	.	PUNCT
ajfa-11810	124	11	selected	select	VERB
ajfa-11810	124	12	reit	reit	PROPN
ajfa-11810	124	13	summary	summary	PROPN
ajfa-11810	124	14	statistics	statistic	NOUN
ajfa-11810	124	15	variable	variable	NOUN
ajfa-11810	124	16	n	n	PRON
ajfa-11810	124	17	mean	mean	VERB
ajfa-11810	124	18	std	std	PROPN
ajfa-11810	124	19	.	.	PUNCT
ajfa-11810	125	1	dev	dev	PROPN
ajfa-11810	125	2	.	.	PUNCT
ajfa-11810	126	1	25th	25th	ADJ
ajfa-11810	126	2	median	median	PROPN
ajfa-11810	126	3	75th	75th	ADJ
ajfa-11810	126	4	total	total	ADJ
ajfa-11810	126	5	assets	asset	NOUN
ajfa-11810	126	6	953	953	NUM
ajfa-11810	126	7	4191.31	4191.31	NUM
ajfa-11810	126	8	6981.59	6981.59	NUM
ajfa-11810	126	9	999.01	999.01	NUM
ajfa-11810	126	10	2252.66	2252.66	NUM
ajfa-11810	126	11	4749.60	4749.60	NUM
ajfa-11810	126	12	intangible	intangible	ADJ
ajfa-11810	126	13	assets	asset	NOUN
ajfa-11810	126	14	953	953	NUM
ajfa-11810	126	15	51.73	51.73	NUM
ajfa-11810	126	16	245.25	245.25	NUM
ajfa-11810	126	17	0.00	0.00	NUM
ajfa-11810	126	18	0.00	0.00	NUM
ajfa-11810	126	19	11.90	11.90	NUM
ajfa-11810	126	20	total	total	ADJ
ajfa-11810	126	21	liabilities	liability	NOUN
ajfa-11810	126	22	953	953	NUM
ajfa-11810	126	23	2829.91	2829.91	NUM
ajfa-11810	126	24	5725.35	5725.35	NUM
ajfa-11810	126	25	521.51	521.51	NUM
ajfa-11810	126	26	1408.01	1408.01	NUM
ajfa-11810	126	27	2993.72	2993.72	NUM
ajfa-11810	126	28	long	long	ADJ
ajfa-11810	126	29	term	term	NOUN
ajfa-11810	126	30	debt	debt	NOUN
ajfa-11810	126	31	953	953	NUM
ajfa-11810	126	32	1854.77	1854.77	NUM
ajfa-11810	126	33	2572.82	2572.82	NUM
ajfa-11810	126	34	327.08	327.08	NUM
ajfa-11810	126	35	1047.55	1047.55	NUM
ajfa-11810	126	36	2206.24	2206.24	NUM
ajfa-11810	126	37	annual	annual	ADJ
ajfa-11810	126	38	revenues	revenue	NOUN
ajfa-11810	126	39	953	953	NUM
ajfa-11810	126	40	581.79	581.79	NUM
ajfa-11810	126	41	888.24	888.24	NUM
ajfa-11810	126	42	137.81	137.81	NUM
ajfa-11810	126	43	298.01	298.01	NUM
ajfa-11810	126	44	642.39	642.39	NUM
ajfa-11810	126	45	earnings	earning	NOUN
ajfa-11810	126	46	before	before	ADP
ajfa-11810	126	47	interest	interest	NOUN
ajfa-11810	126	48	&	&	CCONJ
ajfa-11810	126	49	taxes	taxis	NOUN
ajfa-11810	126	50	953	953	NUM
ajfa-11810	126	51	190.09	190.09	NUM
ajfa-11810	126	52	315.80	315.80	NUM
ajfa-11810	126	53	45.44	45.44	NUM
ajfa-11810	126	54	103.90	103.90	NUM
ajfa-11810	126	55	226.28	226.28	NUM
ajfa-11810	126	56	net	net	ADJ
ajfa-11810	126	57	income	income	NOUN
ajfa-11810	126	58	953	953	NUM
ajfa-11810	126	59	89.73	89.73	NUM
ajfa-11810	126	60	219.60	219.60	NUM
ajfa-11810	126	61	12.09	12.09	NUM
ajfa-11810	126	62	45.56	45.56	NUM
ajfa-11810	126	63	128.61	128.61	NUM
ajfa-11810	126	64	stockholder	stockholder	NOUN
ajfa-11810	126	65	equity	equity	NOUN
ajfa-11810	126	66	953	953	NUM
ajfa-11810	126	67	1253.45	1253.45	NUM
ajfa-11810	126	68	1615.30	1615.30	NUM
ajfa-11810	126	69	302.20	302.20	NUM
ajfa-11810	126	70	774.85	774.85	NUM
ajfa-11810	126	71	1538.09	1538.09	NUM
ajfa-11810	126	72	equity	equity	NOUN
ajfa-11810	126	73	investment1	investment1	NOUN
ajfa-11810	126	74	953	953	NUM
ajfa-11810	126	75	133.28	133.28	NUM
ajfa-11810	126	76	314.73	314.73	NUM
ajfa-11810	126	77	1.16	1.16	NUM
ajfa-11810	126	78	32.63	32.63	NUM
ajfa-11810	126	79	158.19	158.19	NUM
ajfa-11810	126	80	debt	debt	NOUN
ajfa-11810	126	81	investment1	investment1	NOUN
ajfa-11810	126	82	953	953	NUM
ajfa-11810	126	83	2465.17	2465.17	NUM
ajfa-11810	126	84	4998.52	4998.52	NUM
ajfa-11810	126	85	453.69	453.69	NUM
ajfa-11810	126	86	1248.33	1248.33	NUM
ajfa-11810	126	87	2557.69	2557.69	NUM
ajfa-11810	126	88	equity	equity	NOUN
ajfa-11810	126	89	&	&	CCONJ
ajfa-11810	126	90	debt	debt	NOUN
ajfa-11810	126	91	investment1	investment1	NOUN
ajfa-11810	127	1	953	953	NUM
ajfa-11810	127	2	2598.26	2598.26	NUM
ajfa-11810	127	3	5196.16	5196.16	NUM
ajfa-11810	127	4	487.60	487.60	NUM
ajfa-11810	127	5	1354.85	1354.85	NUM
ajfa-11810	127	6	2719.49	2719.49	NUM
ajfa-11810	127	7	audit	audit	NOUN
ajfa-11810	127	8	fees2	fees2	NOUN
ajfa-11810	128	1	953	953	NUM
ajfa-11810	129	1	895.94	895.94	NUM
ajfa-11810	129	2	976.44	976.44	NUM
ajfa-11810	129	3	341.35	341.35	NUM
ajfa-11810	129	4	666.85	666.85	NUM
ajfa-11810	129	5	1060.50	1060.50	NUM
ajfa-11810	129	6	other	other	ADJ
ajfa-11810	129	7	fees2	fees2	NOUN
ajfa-11810	129	8	953	953	NUM
ajfa-11810	129	9	420.02	420.02	NUM
ajfa-11810	129	10	885.92	885.92	NUM
ajfa-11810	129	11	47.00	47.00	NUM
ajfa-11810	129	12	159.55	159.55	NUM
ajfa-11810	129	13	378.76	378.76	NUM
ajfa-11810	129	14	properties3	properties3	PROPN
ajfa-11810	130	1	953	953	NUM
ajfa-11810	130	2	245.79	245.79	NUM
ajfa-11810	130	3	369.18	369.18	NUM
ajfa-11810	130	4	32.00	32.00	NUM
ajfa-11810	130	5	111.00	111.00	NUM
ajfa-11810	130	6	273.00	273.00	NUM
ajfa-11810	130	7	subsidiaries3	subsidiaries3	NOUN
ajfa-11810	131	1	953	953	NUM
ajfa-11810	131	2	137.12	137.12	NUM
ajfa-11810	131	3	284.99	284.99	NUM
ajfa-11810	131	4	14.00	14.00	NUM
ajfa-11810	131	5	45.00	45.00	NUM
ajfa-11810	131	6	147.00	147.00	NUM
ajfa-11810	131	7	notes	note	NOUN
ajfa-11810	131	8	:	:	PUNCT
ajfa-11810	131	9	all	all	DET
ajfa-11810	131	10	information	information	NOUN
ajfa-11810	131	11	is	be	AUX
ajfa-11810	131	12	for	for	ADP
ajfa-11810	131	13	the	the	DET
ajfa-11810	131	14	entire	entire	ADJ
ajfa-11810	131	15	sample	sample	NOUN
ajfa-11810	131	16	period	period	NOUN
ajfa-11810	131	17	of	of	ADP
ajfa-11810	131	18	2002	2002	NUM
ajfa-11810	131	19	-	-	SYM
ajfa-11810	131	20	2011	2011	NUM
ajfa-11810	131	21	.	.	PUNCT
ajfa-11810	132	1	audit	audit	NOUN
ajfa-11810	132	2	fees	fee	NOUN
ajfa-11810	132	3	and	and	CCONJ
ajfa-11810	132	4	other	other	ADJ
ajfa-11810	132	5	fees	fee	NOUN
ajfa-11810	132	6	expressed	express	VERB
ajfa-11810	132	7	in	in	ADP
ajfa-11810	132	8	$	$	SYM
ajfa-11810	132	9	0,000	0,000	NUM
ajfa-11810	132	10	’s	’s	PART
ajfa-11810	132	11	;	;	PUNCT
ajfa-11810	132	12	all	all	DET
ajfa-11810	132	13	other	other	ADJ
ajfa-11810	132	14	financial	financial	ADJ
ajfa-11810	132	15	data	datum	NOUN
ajfa-11810	132	16	presented	present	VERB
ajfa-11810	132	17	in	in	ADP
ajfa-11810	132	18	$	$	SYM
ajfa-11810	132	19	0,000,000	0,000,000	NUM
ajfa-11810	132	20	’s	’s	NOUN
ajfa-11810	132	21	.	.	PUNCT
ajfa-11810	133	1	1financial	1financial	NUM
ajfa-11810	133	2	data	datum	NOUN
ajfa-11810	133	3	are	be	AUX
ajfa-11810	133	4	as	as	SCONJ
ajfa-11810	133	5	reported	report	VERB
ajfa-11810	133	6	in	in	ADP
ajfa-11810	133	7	the	the	DET
ajfa-11810	133	8	crsp	crsp	ADJ
ajfa-11810	133	9	/	/	SYM
ajfa-11810	133	10	compustat	compustat	NOUN
ajfa-11810	133	11	databases	database	NOUN
ajfa-11810	133	12	.	.	PUNCT
ajfa-11810	134	1	2audit	2audit	NUM
ajfa-11810	134	2	and	and	CCONJ
ajfa-11810	134	3	other	other	ADJ
ajfa-11810	134	4	fees	fee	NOUN
ajfa-11810	134	5	are	be	AUX
ajfa-11810	134	6	as	as	SCONJ
ajfa-11810	134	7	reported	report	VERB
ajfa-11810	134	8	in	in	ADP
ajfa-11810	134	9	the	the	DET
ajfa-11810	134	10	audit	audit	NOUN
ajfa-11810	134	11	analytics	analytic	NOUN
ajfa-11810	134	12	database	database	NOUN
ajfa-11810	134	13	.	.	PUNCT
ajfa-11810	135	1	3properties	3properties	NUM
ajfa-11810	135	2	and	and	CCONJ
ajfa-11810	135	3	subsidiaries	subsidiary	NOUN
ajfa-11810	135	4	information	information	NOUN
ajfa-11810	135	5	are	be	AUX
ajfa-11810	135	6	as	as	SCONJ
ajfa-11810	135	7	reported	report	VERB
ajfa-11810	135	8	in	in	ADP
ajfa-11810	135	9	each	each	PRON
ajfa-11810	135	10	of	of	ADP
ajfa-11810	135	11	the	the	DET
ajfa-11810	135	12	reits	reit	NOUN
ajfa-11810	135	13	'	'	PART
ajfa-11810	135	14	annual	annual	ADJ
ajfa-11810	135	15	reports	report	NOUN
ajfa-11810	135	16	available	available	ADJ
ajfa-11810	135	17	at	at	ADP
ajfa-11810	135	18	http://www.sec.gov	http://www.sec.gov	PROPN
ajfa-11810	135	19	.	.	PUNCT
ajfa-11810	136	1	3.3	3.3	NUM
ajfa-11810	136	2	research	research	NOUN
ajfa-11810	136	3	design	design	NOUN
ajfa-11810	136	4	and	and	CCONJ
ajfa-11810	136	5	methodology	methodology	NOUN
ajfa-11810	136	6	in	in	ADP
ajfa-11810	136	7	our	our	PRON
ajfa-11810	136	8	examination	examination	NOUN
ajfa-11810	136	9	of	of	ADP
ajfa-11810	136	10	the	the	DET
ajfa-11810	136	11	relationship	relationship	NOUN
ajfa-11810	136	12	between	between	ADP
ajfa-11810	136	13	reits	reit	NOUN
ajfa-11810	136	14	’	'	PUNCT
ajfa-11810	136	15	use	use	NOUN
ajfa-11810	136	16	of	of	ADP
ajfa-11810	136	17	the	the	DET
ajfa-11810	136	18	audit	audit	NOUN
ajfa-11810	136	19	process	process	NOUN
ajfa-11810	136	20	to	to	PART
ajfa-11810	136	21	signal	signal	VERB
ajfa-11810	136	22	asian	asian	ADJ
ajfa-11810	136	23	journal	journal	NOUN
ajfa-11810	136	24	of	of	ADP
ajfa-11810	136	25	finance	finance	PROPN
ajfa-11810	136	26	&	&	CCONJ
ajfa-11810	136	27	accounting	accounting	PROPN
ajfa-11810	136	28	issn	issn	PROPN
ajfa-11810	136	29	1946	1946	NUM
ajfa-11810	136	30	-	-	PUNCT
ajfa-11810	136	31	052x	052x	NOUN
ajfa-11810	136	32	2018	2018	NUM
ajfa-11810	136	33	,	,	PUNCT
ajfa-11810	136	34	vol	vol	NOUN
ajfa-11810	136	35	.	.	PROPN
ajfa-11810	136	36	10	10	NUM
ajfa-11810	136	37	,	,	PUNCT
ajfa-11810	136	38	no	no	INTJ
ajfa-11810	136	39	.	.	NOUN
ajfa-11810	136	40	1	1	NUM
ajfa-11810	136	41	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	136	42	91	91	NUM
ajfa-11810	136	43	financial	financial	ADJ
ajfa-11810	136	44	transparency	transparency	NOUN
ajfa-11810	136	45	and	and	CCONJ
ajfa-11810	136	46	their	their	PRON
ajfa-11810	136	47	access	access	NOUN
ajfa-11810	136	48	to	to	ADP
ajfa-11810	136	49	capital	capital	NOUN
ajfa-11810	136	50	investment	investment	NOUN
ajfa-11810	136	51	,	,	PUNCT
ajfa-11810	136	52	the	the	DET
ajfa-11810	136	53	outcome	outcome	NOUN
ajfa-11810	136	54	of	of	ADP
ajfa-11810	136	55	interest	interest	NOUN
ajfa-11810	136	56	is	be	AUX
ajfa-11810	136	57	capital	capital	NOUN
ajfa-11810	136	58	investment	investment	NOUN
ajfa-11810	136	59	,	,	PUNCT
ajfa-11810	136	60	for	for	ADP
ajfa-11810	136	61	which	which	PRON
ajfa-11810	136	62	we	we	PRON
ajfa-11810	136	63	proxy	proxy	VERB
ajfa-11810	136	64	by	by	ADP
ajfa-11810	136	65	using	use	VERB
ajfa-11810	136	66	three	three	NUM
ajfa-11810	136	67	investment	investment	NOUN
ajfa-11810	136	68	measures	measure	NOUN
ajfa-11810	136	69	:	:	PUNCT
ajfa-11810	136	70	equity	equity	NOUN
ajfa-11810	136	71	,	,	PUNCT
ajfa-11810	136	72	debt	debt	NOUN
ajfa-11810	136	73	,	,	PUNCT
ajfa-11810	136	74	and	and	CCONJ
ajfa-11810	136	75	combined	combined	ADJ
ajfa-11810	136	76	equity	equity	NOUN
ajfa-11810	136	77	and	and	CCONJ
ajfa-11810	136	78	debt	debt	NOUN
ajfa-11810	136	79	investment	investment	NOUN
ajfa-11810	136	80	.	.	PUNCT
ajfa-11810	137	1	we	we	PRON
ajfa-11810	137	2	incorporate	incorporate	VERB
ajfa-11810	137	3	the	the	DET
ajfa-11810	137	4	audit	audit	NOUN
ajfa-11810	137	5	-	-	PUNCT
ajfa-11810	137	6	related	relate	VERB
ajfa-11810	137	7	attributes	attribute	NOUN
ajfa-11810	137	8	of	of	ADP
ajfa-11810	137	9	auditor	auditor	NOUN
ajfa-11810	137	10	quality	quality	NOUN
ajfa-11810	137	11	and	and	CCONJ
ajfa-11810	137	12	auditor	auditor	NOUN
ajfa-11810	137	13	reputation	reputation	NOUN
ajfa-11810	137	14	(	(	PUNCT
ajfa-11810	137	15	following	follow	VERB
ajfa-11810	137	16	danielson	danielson	PROPN
ajfa-11810	137	17	et	et	PROPN
ajfa-11810	137	18	al	al	PROPN
ajfa-11810	137	19	.	.	PROPN
ajfa-11810	137	20	,	,	PUNCT
ajfa-11810	137	21	2009	2009	NUM
ajfa-11810	137	22	)	)	PUNCT
ajfa-11810	137	23	,	,	PUNCT
ajfa-11810	137	24	with	with	SCONJ
ajfa-11810	137	25	auditor	auditor	NOUN
ajfa-11810	137	26	specialization	specialization	NOUN
ajfa-11810	137	27	to	to	PART
ajfa-11810	137	28	capture	capture	VERB
ajfa-11810	137	29	audit	audit	NOUN
ajfa-11810	137	30	process	process	NOUN
ajfa-11810	137	31	transparency	transparency	NOUN
ajfa-11810	137	32	.	.	PUNCT
ajfa-11810	138	1	in	in	ADP
ajfa-11810	138	2	the	the	DET
ajfa-11810	138	3	first	first	ADJ
ajfa-11810	138	4	part	part	NOUN
ajfa-11810	138	5	of	of	ADP
ajfa-11810	138	6	the	the	DET
ajfa-11810	138	7	analysis	analysis	NOUN
ajfa-11810	138	8	,	,	PUNCT
ajfa-11810	138	9	the	the	DET
ajfa-11810	138	10	study	study	NOUN
ajfa-11810	138	11	period	period	NOUN
ajfa-11810	138	12	is	be	AUX
ajfa-11810	138	13	much	much	ADV
ajfa-11810	138	14	broader	broad	ADJ
ajfa-11810	138	15	,	,	PUNCT
ajfa-11810	138	16	covering	cover	VERB
ajfa-11810	138	17	the	the	DET
ajfa-11810	138	18	years	year	NOUN
ajfa-11810	138	19	of	of	ADP
ajfa-11810	138	20	2002	2002	NUM
ajfa-11810	138	21	-	-	SYM
ajfa-11810	138	22	2011	2011	NUM
ajfa-11810	138	23	.	.	PUNCT
ajfa-11810	139	1	in	in	ADP
ajfa-11810	139	2	the	the	DET
ajfa-11810	139	3	second	second	ADJ
ajfa-11810	139	4	part	part	NOUN
ajfa-11810	139	5	of	of	ADP
ajfa-11810	139	6	the	the	DET
ajfa-11810	139	7	analysis	analysis	NOUN
ajfa-11810	139	8	,	,	PUNCT
ajfa-11810	139	9	we	we	PRON
ajfa-11810	139	10	gauge	gauge	VERB
ajfa-11810	139	11	the	the	DET
ajfa-11810	139	12	impact	impact	NOUN
ajfa-11810	139	13	of	of	ADP
ajfa-11810	139	14	the	the	DET
ajfa-11810	139	15	financial	financial	ADJ
ajfa-11810	139	16	crisis	crisis	NOUN
ajfa-11810	139	17	.	.	PUNCT
ajfa-11810	140	1	3.3.1	3.3.1	NUM
ajfa-11810	140	2	empirical	empirical	ADJ
ajfa-11810	140	3	model	model	NOUN
ajfa-11810	140	4	–	–	PUNCT
ajfa-11810	140	5	part	part	NOUN
ajfa-11810	140	6	1	1	NUM
ajfa-11810	140	7	in	in	ADP
ajfa-11810	140	8	addition	addition	NOUN
ajfa-11810	140	9	to	to	ADP
ajfa-11810	140	10	the	the	DET
ajfa-11810	140	11	variables	variable	NOUN
ajfa-11810	140	12	we	we	PRON
ajfa-11810	140	13	use	use	VERB
ajfa-11810	140	14	to	to	PART
ajfa-11810	140	15	capture	capture	VERB
ajfa-11810	140	16	the	the	DET
ajfa-11810	140	17	transparency	transparency	NOUN
ajfa-11810	140	18	dimension	dimension	NOUN
ajfa-11810	140	19	as	as	SCONJ
ajfa-11810	140	20	detailed	detailed	ADJ
ajfa-11810	140	21	below	below	ADV
ajfa-11810	140	22	,	,	PUNCT
ajfa-11810	140	23	we	we	PRON
ajfa-11810	140	24	include	include	VERB
ajfa-11810	140	25	three	three	NUM
ajfa-11810	140	26	additional	additional	ADJ
ajfa-11810	140	27	vectors	vector	NOUN
ajfa-11810	140	28	of	of	ADP
ajfa-11810	140	29	variables	variable	NOUN
ajfa-11810	140	30	to	to	PART
ajfa-11810	140	31	capture	capture	VERB
ajfa-11810	140	32	the	the	DET
ajfa-11810	140	33	dimensions	dimension	NOUN
ajfa-11810	140	34	of	of	ADP
ajfa-11810	140	35	firm	firm	ADJ
ajfa-11810	140	36	characteristics	characteristic	NOUN
ajfa-11810	140	37	,	,	PUNCT
ajfa-11810	140	38	auditor	auditor	NOUN
ajfa-11810	140	39	relationship	relationship	NOUN
ajfa-11810	140	40	,	,	PUNCT
ajfa-11810	140	41	and	and	CCONJ
ajfa-11810	140	42	reit	reit	PROPN
ajfa-11810	140	43	complexity	complexity	NOUN
ajfa-11810	140	44	.	.	PUNCT
ajfa-11810	141	1	we	we	PRON
ajfa-11810	141	2	also	also	ADV
ajfa-11810	141	3	use	use	VERB
ajfa-11810	141	4	a	a	DET
ajfa-11810	141	5	number	number	NOUN
ajfa-11810	141	6	of	of	ADP
ajfa-11810	141	7	dummy	dummy	ADJ
ajfa-11810	141	8	variables	variable	NOUN
ajfa-11810	141	9	to	to	PART
ajfa-11810	141	10	control	control	VERB
ajfa-11810	141	11	for	for	ADP
ajfa-11810	141	12	effects	effect	NOUN
ajfa-11810	141	13	related	relate	VERB
ajfa-11810	141	14	to	to	ADP
ajfa-11810	141	15	specific	specific	ADJ
ajfa-11810	141	16	reit	reit	NOUN
ajfa-11810	141	17	-	-	PUNCT
ajfa-11810	141	18	types	type	NOUN
ajfa-11810	141	19	and/or	and/or	CCONJ
ajfa-11810	141	20	changes	change	NOUN
ajfa-11810	141	21	across	across	ADP
ajfa-11810	141	22	time	time	NOUN
ajfa-11810	141	23	.	.	PUNCT
ajfa-11810	142	1	the	the	DET
ajfa-11810	142	2	empirical	empirical	ADJ
ajfa-11810	142	3	model	model	NOUN
ajfa-11810	142	4	for	for	ADP
ajfa-11810	142	5	the	the	DET
ajfa-11810	142	6	first	first	ADJ
ajfa-11810	142	7	part	part	NOUN
ajfa-11810	142	8	of	of	ADP
ajfa-11810	142	9	the	the	DET
ajfa-11810	142	10	analysis	analysis	NOUN
ajfa-11810	142	11	takes	take	VERB
ajfa-11810	142	12	the	the	DET
ajfa-11810	142	13	following	follow	VERB
ajfa-11810	142	14	form	form	NOUN
ajfa-11810	142	15	:	:	PUNCT
ajfa-11810	142	16	capital	capital	NOUN
ajfa-11810	142	17	investment	investment	NOUN
ajfa-11810	142	18	=	=	PUNCT
ajfa-11810	142	19	ᶂ	ᶂ	X
ajfa-11810	142	20	{	{	PUNCT
ajfa-11810	142	21	transparency	transparency	NOUN
ajfa-11810	142	22	,	,	PUNCT
ajfa-11810	142	23	firm	firm	ADJ
ajfa-11810	142	24	characteristics	characteristic	NOUN
ajfa-11810	142	25	,	,	PUNCT
ajfa-11810	142	26	auditor	auditor	NOUN
ajfa-11810	142	27	relationship	relationship	NOUN
ajfa-11810	142	28	,	,	PUNCT
ajfa-11810	142	29	reit	reit	NOUN
ajfa-11810	142	30	complexity	complexity	PROPN
ajfa-11810	142	31	}	}	PUNCT
ajfa-11810	142	32	.	.	PUNCT
ajfa-11810	143	1	(	(	PUNCT
ajfa-11810	143	2	1	1	X
ajfa-11810	143	3	)	)	PUNCT
ajfa-11810	143	4	3.3.2	3.3.2	NUM
ajfa-11810	143	5	transparency	transparency	NOUN
ajfa-11810	143	6	vector	vector	NOUN
ajfa-11810	143	7	earlier	early	ADV
ajfa-11810	143	8	,	,	PUNCT
ajfa-11810	143	9	we	we	PRON
ajfa-11810	143	10	mention	mention	VERB
ajfa-11810	143	11	research	research	NOUN
ajfa-11810	143	12	findings	finding	NOUN
ajfa-11810	143	13	that	that	SCONJ
ajfa-11810	143	14	firms	firm	NOUN
ajfa-11810	143	15	often	often	ADV
ajfa-11810	143	16	pay	pay	VERB
ajfa-11810	143	17	higher	high	ADJ
ajfa-11810	143	18	audit	audit	NOUN
ajfa-11810	143	19	fees	fee	NOUN
ajfa-11810	143	20	to	to	PART
ajfa-11810	143	21	hire	hire	VERB
ajfa-11810	143	22	higher	high	ADJ
ajfa-11810	143	23	quality	quality	NOUN
ajfa-11810	143	24	auditors	auditor	NOUN
ajfa-11810	143	25	to	to	PART
ajfa-11810	143	26	signal	signal	VERB
ajfa-11810	143	27	investors	investor	NOUN
ajfa-11810	143	28	that	that	SCONJ
ajfa-11810	143	29	their	their	PRON
ajfa-11810	143	30	financial	financial	ADJ
ajfa-11810	143	31	information	information	NOUN
ajfa-11810	143	32	is	be	AUX
ajfa-11810	143	33	highly	highly	ADV
ajfa-11810	143	34	credible	credible	ADJ
ajfa-11810	143	35	(	(	PUNCT
ajfa-11810	143	36	datar	datar	ADJ
ajfa-11810	143	37	,	,	PUNCT
ajfa-11810	143	38	feltham	feltham	PROPN
ajfa-11810	143	39	,	,	PUNCT
ajfa-11810	143	40	&	&	CCONJ
ajfa-11810	143	41	hughes	hughes	PROPN
ajfa-11810	143	42	,	,	PUNCT
ajfa-11810	143	43	1991	1991	NUM
ajfa-11810	143	44	;	;	PUNCT
ajfa-11810	143	45	titman	titman	PROPN
ajfa-11810	143	46	&	&	CCONJ
ajfa-11810	143	47	trueman	trueman	PROPN
ajfa-11810	143	48	,	,	PUNCT
ajfa-11810	143	49	1986	1986	NUM
ajfa-11810	143	50	)	)	PUNCT
ajfa-11810	143	51	.	.	PUNCT
ajfa-11810	144	1	therefore	therefore	ADV
ajfa-11810	144	2	,	,	PUNCT
ajfa-11810	144	3	the	the	DET
ajfa-11810	144	4	central	central	ADJ
ajfa-11810	144	5	piece	piece	NOUN
ajfa-11810	144	6	of	of	ADP
ajfa-11810	144	7	the	the	DET
ajfa-11810	144	8	investigation	investigation	NOUN
ajfa-11810	144	9	centers	center	NOUN
ajfa-11810	144	10	on	on	ADP
ajfa-11810	144	11	transparency	transparency	NOUN
ajfa-11810	144	12	.	.	PUNCT
ajfa-11810	145	1	to	to	PART
ajfa-11810	145	2	proxy	proxy	VERB
ajfa-11810	145	3	for	for	ADP
ajfa-11810	145	4	auditor	auditor	NOUN
ajfa-11810	145	5	quality	quality	NOUN
ajfa-11810	145	6	,	,	PUNCT
ajfa-11810	145	7	we	we	PRON
ajfa-11810	145	8	use	use	VERB
ajfa-11810	145	9	the	the	DET
ajfa-11810	145	10	variable	variable	ADJ
ajfa-11810	145	11	log(audit	log(audit	NOUN
ajfa-11810	145	12	fees),(note	fees),(note	VERB
ajfa-11810	145	13	6	6	NUM
ajfa-11810	145	14	)	)	PUNCT
ajfa-11810	145	15	which	which	PRON
ajfa-11810	145	16	is	be	AUX
ajfa-11810	145	17	the	the	DET
ajfa-11810	145	18	natural	natural	ADJ
ajfa-11810	145	19	log	log	NOUN
ajfa-11810	145	20	of	of	ADP
ajfa-11810	145	21	the	the	DET
ajfa-11810	145	22	sum	sum	NOUN
ajfa-11810	145	23	of	of	ADP
ajfa-11810	145	24	one	one	NUM
ajfa-11810	145	25	and	and	CCONJ
ajfa-11810	145	26	audit	audit	NOUN
ajfa-11810	145	27	fees.(note	fees.(note	VERB
ajfa-11810	145	28	7	7	NUM
ajfa-11810	145	29	)	)	PUNCT
ajfa-11810	145	30	to	to	PART
ajfa-11810	145	31	capture	capture	VERB
ajfa-11810	145	32	auditor	auditor	NOUN
ajfa-11810	145	33	specialization	specialization	NOUN
ajfa-11810	145	34	,	,	PUNCT
ajfa-11810	145	35	we	we	PRON
ajfa-11810	145	36	use	use	VERB
ajfa-11810	145	37	the	the	DET
ajfa-11810	145	38	variable	variable	ADJ
ajfa-11810	145	39	specialist,(note	specialist,(note	NOUN
ajfa-11810	145	40	8)	8)	NUM
ajfa-11810	145	41	a	a	DET
ajfa-11810	145	42	dummy	dummy	ADJ
ajfa-11810	145	43	variable	variable	NOUN
ajfa-11810	145	44	that	that	PRON
ajfa-11810	145	45	takes	take	VERB
ajfa-11810	145	46	the	the	DET
ajfa-11810	145	47	value	value	NOUN
ajfa-11810	145	48	of	of	ADP
ajfa-11810	145	49	one	one	NUM
ajfa-11810	145	50	if	if	SCONJ
ajfa-11810	145	51	the	the	DET
ajfa-11810	145	52	auditing	auditing	NOUN
ajfa-11810	145	53	firm	firm	NOUN
ajfa-11810	145	54	has	have	AUX
ajfa-11810	145	55	performed	perform	VERB
ajfa-11810	145	56	audits	audits	NOUN
ajfa-11810	145	57	on	on	ADP
ajfa-11810	145	58	more	more	ADJ
ajfa-11810	145	59	than	than	ADP
ajfa-11810	145	60	30	30	NUM
ajfa-11810	145	61	%	%	NOUN
ajfa-11810	145	62	of	of	ADP
ajfa-11810	145	63	the	the	DET
ajfa-11810	145	64	audits	audits	NOUN
ajfa-11810	145	65	in	in	ADP
ajfa-11810	145	66	the	the	DET
ajfa-11810	145	67	entire	entire	ADJ
ajfa-11810	145	68	sample	sample	NOUN
ajfa-11810	145	69	in	in	ADP
ajfa-11810	145	70	each	each	DET
ajfa-11810	145	71	year	year	NOUN
ajfa-11810	145	72	,	,	PUNCT
ajfa-11810	145	73	and	and	CCONJ
ajfa-11810	145	74	zero	zero	NUM
ajfa-11810	145	75	otherwise	otherwise	ADV
ajfa-11810	145	76	.	.	PUNCT
ajfa-11810	146	1	finally	finally	ADV
ajfa-11810	146	2	,	,	PUNCT
ajfa-11810	146	3	to	to	PART
ajfa-11810	146	4	proxy	proxy	VERB
ajfa-11810	146	5	for	for	ADP
ajfa-11810	146	6	auditor	auditor	NOUN
ajfa-11810	146	7	reputation	reputation	NOUN
ajfa-11810	146	8	,	,	PUNCT
ajfa-11810	146	9	we	we	PRON
ajfa-11810	146	10	use	use	VERB
ajfa-11810	146	11	the	the	DET
ajfa-11810	146	12	variable	variable	ADJ
ajfa-11810	146	13	big	big	ADJ
ajfa-11810	146	14	4	4	NUM
ajfa-11810	146	15	auditor	auditor	NOUN
ajfa-11810	146	16	,	,	PUNCT
ajfa-11810	146	17	(	(	PUNCT
ajfa-11810	146	18	note	note	NOUN
ajfa-11810	146	19	9	9	NUM
ajfa-11810	146	20	)	)	PUNCT
ajfa-11810	146	21	a	a	DET
ajfa-11810	146	22	dummy	dummy	ADJ
ajfa-11810	146	23	variable	variable	NOUN
ajfa-11810	146	24	that	that	PRON
ajfa-11810	146	25	takes	take	VERB
ajfa-11810	146	26	the	the	DET
ajfa-11810	146	27	value	value	NOUN
ajfa-11810	146	28	of	of	ADP
ajfa-11810	146	29	one	one	NUM
ajfa-11810	146	30	if	if	SCONJ
ajfa-11810	146	31	the	the	DET
ajfa-11810	146	32	auditor	auditor	NOUN
ajfa-11810	146	33	ranks	rank	VERB
ajfa-11810	146	34	as	as	ADP
ajfa-11810	146	35	one	one	NUM
ajfa-11810	146	36	of	of	ADP
ajfa-11810	146	37	the	the	DET
ajfa-11810	146	38	big	big	ADJ
ajfa-11810	146	39	4	4	NUM
ajfa-11810	146	40	audit	audit	NOUN
ajfa-11810	146	41	firms	firm	NOUN
ajfa-11810	146	42	,	,	PUNCT
ajfa-11810	146	43	and	and	CCONJ
ajfa-11810	146	44	zero	zero	NUM
ajfa-11810	146	45	otherwise	otherwise	ADV
ajfa-11810	146	46	.	.	PUNCT
ajfa-11810	147	1	table	table	NOUN
ajfa-11810	147	2	4	4	NUM
ajfa-11810	147	3	below	below	ADP
ajfa-11810	147	4	presents	present	VERB
ajfa-11810	147	5	the	the	DET
ajfa-11810	147	6	reit	reit	NOUN
ajfa-11810	147	7	auditors	auditor	NOUN
ajfa-11810	147	8	contained	contain	VERB
ajfa-11810	147	9	in	in	ADP
ajfa-11810	147	10	the	the	DET
ajfa-11810	147	11	sample	sample	NOUN
ajfa-11810	147	12	,	,	PUNCT
ajfa-11810	147	13	as	as	ADV
ajfa-11810	147	14	well	well	ADV
ajfa-11810	147	15	as	as	ADP
ajfa-11810	147	16	number	number	NOUN
ajfa-11810	147	17	of	of	ADP
ajfa-11810	147	18	audits	audits	NOUN
ajfa-11810	147	19	performed	perform	VERB
ajfa-11810	147	20	,	,	PUNCT
ajfa-11810	147	21	percentage	percentage	NOUN
ajfa-11810	147	22	of	of	ADP
ajfa-11810	147	23	reit	reit	PROPN
ajfa-11810	147	24	audits	audits	PROPN
ajfa-11810	147	25	performed	perform	VERB
ajfa-11810	147	26	,	,	PUNCT
ajfa-11810	147	27	and	and	CCONJ
ajfa-11810	147	28	fees	fee	NOUN
ajfa-11810	147	29	paid	pay	VERB
ajfa-11810	147	30	to	to	ADP
ajfa-11810	147	31	the	the	DET
ajfa-11810	147	32	auditors	auditor	NOUN
ajfa-11810	147	33	.	.	PUNCT
ajfa-11810	148	1	asian	asian	ADJ
ajfa-11810	148	2	journal	journal	PROPN
ajfa-11810	148	3	of	of	ADP
ajfa-11810	148	4	finance	finance	PROPN
ajfa-11810	148	5	&	&	CCONJ
ajfa-11810	148	6	accounting	accounting	PROPN
ajfa-11810	148	7	issn	issn	PROPN
ajfa-11810	148	8	1946	1946	NUM
ajfa-11810	148	9	-	-	PUNCT
ajfa-11810	148	10	052x	052x	NOUN
ajfa-11810	148	11	2018	2018	NUM
ajfa-11810	148	12	,	,	PUNCT
ajfa-11810	148	13	vol	vol	NOUN
ajfa-11810	148	14	.	.	PROPN
ajfa-11810	148	15	10	10	NUM
ajfa-11810	148	16	,	,	PUNCT
ajfa-11810	148	17	no	no	INTJ
ajfa-11810	148	18	.	.	NOUN
ajfa-11810	148	19	1	1	NUM
ajfa-11810	148	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	148	21	92	92	NUM
ajfa-11810	148	22	table	table	NOUN
ajfa-11810	148	23	4	4	NUM
ajfa-11810	148	24	.	.	PUNCT
ajfa-11810	149	1	reit	reit	NOUN
ajfa-11810	149	2	auditors	auditor	NOUN
ajfa-11810	149	3	.	.	PUNCT
ajfa-11810	150	1	reit	reit	PROPN
ajfa-11810	150	2	auditor	auditor	PROPN
ajfa-11810	150	3	name	name	PROPN
ajfa-11810	150	4	reit	reit	PROPN
ajfa-11810	150	5	auditor	auditor	PROPN
ajfa-11810	150	6	rank	rank	PROPN
ajfa-11810	150	7	#	#	PROPN
ajfa-11810	150	8	reit	reit	PROPN
ajfa-11810	150	9	audits	audits	NOUN
ajfa-11810	150	10	%	%	NOUN
ajfa-11810	150	11	of	of	ADP
ajfa-11810	150	12	reit	reit	PROPN
ajfa-11810	150	13	audits	audits	PROPN
ajfa-11810	150	14	total	total	PROPN
ajfa-11810	150	15	reit	reit	PROPN
ajfa-11810	150	16	audit	audit	NOUN
ajfa-11810	150	17	fees	fee	NOUN
ajfa-11810	150	18	(	(	PUNCT
ajfa-11810	150	19	$	$	SYM
ajfa-11810	150	20	,	,	PUNCT
ajfa-11810	150	21	000s	000s	NUM
ajfa-11810	150	22	)	)	PUNCT
ajfa-11810	150	23	average	average	ADJ
ajfa-11810	150	24	per	per	ADP
ajfa-11810	150	25	-	-	PUNCT
ajfa-11810	150	26	audit	audit	NOUN
ajfa-11810	150	27	fees	fee	NOUN
ajfa-11810	150	28	(	(	PUNCT
ajfa-11810	150	29	$	$	SYM
ajfa-11810	150	30	,	,	PUNCT
ajfa-11810	150	31	000s	000s	NUM
ajfa-11810	150	32	)	)	PUNCT
ajfa-11810	150	33	ernst	ernst	PROPN
ajfa-11810	150	34	&	&	CCONJ
ajfa-11810	150	35	young	young	ADJ
ajfa-11810	150	36	1	1	NUM
ajfa-11810	150	37	317	317	NUM
ajfa-11810	150	38	33.37	33.37	NUM
ajfa-11810	150	39	%	%	NOUN
ajfa-11810	150	40	361,702	361,702	NUM
ajfa-11810	150	41	1,141	1,141	NUM
ajfa-11810	150	42	kpmg	kpmg	PROPN
ajfa-11810	150	43	2	2	NUM
ajfa-11810	150	44	168	168	NUM
ajfa-11810	150	45	17.86	17.86	NUM
ajfa-11810	150	46	%	%	NOUN
ajfa-11810	150	47	133,336	133,336	NUM
ajfa-11810	150	48	794	794	NUM
ajfa-11810	150	49	pricewaterhousecoopers	pricewaterhousecooper	NOUN
ajfa-11810	150	50	3	3	NUM
ajfa-11810	150	51	163	163	NUM
ajfa-11810	150	52	17.04	17.04	NUM
ajfa-11810	150	53	%	%	NOUN
ajfa-11810	150	54	139,498	139,498	NUM
ajfa-11810	150	55	856	856	NUM
ajfa-11810	150	56	deloitte	deloitte	PROPN
ajfa-11810	150	57	&	&	CCONJ
ajfa-11810	150	58	touche	touche	PROPN
ajfa-11810	150	59	4	4	NUM
ajfa-11810	150	60	118	118	NUM
ajfa-11810	150	61	12.04	12.04	NUM
ajfa-11810	150	62	%	%	NOUN
ajfa-11810	150	63	128,541	128,541	NUM
ajfa-11810	150	64	1,089	1,089	NUM
ajfa-11810	150	65	bdo	bdo	NOUN
ajfa-11810	150	66	usa	usa	PROPN
ajfa-11810	150	67	5	5	NUM
ajfa-11810	150	68	69	69	NUM
ajfa-11810	150	69	7.04	7.04	NUM
ajfa-11810	150	70	%	%	NOUN
ajfa-11810	150	71	42,508	42,508	NUM
ajfa-11810	150	72	616	616	NUM
ajfa-11810	150	73	grant	grant	VERB
ajfa-11810	150	74	thornton	thornton	PROPN
ajfa-11810	150	75	6	6	NUM
ajfa-11810	150	76	43	43	NUM
ajfa-11810	150	77	5.00	5.00	NUM
ajfa-11810	150	78	%	%	NOUN
ajfa-11810	150	79	29,249	29,249	NUM
ajfa-11810	150	80	680	680	NUM
ajfa-11810	150	81	pkf	pkf	NOUN
ajfa-11810	150	82	o’connor	o’connor	ADV
ajfa-11810	150	83	davies	davie	VERB
ajfa-11810	150	84	7	7	NUM
ajfa-11810	150	85	14	14	NUM
ajfa-11810	150	86	1.43	1.43	NUM
ajfa-11810	150	87	%	%	NOUN
ajfa-11810	150	88	3,077	3,077	NUM
ajfa-11810	150	89	220	220	NUM
ajfa-11810	150	90	reznick	reznick	NOUN
ajfa-11810	150	91	group	group	NOUN
ajfa-11810	150	92	8	8	NUM
ajfa-11810	150	93	14	14	NUM
ajfa-11810	150	94	1.43	1.43	NUM
ajfa-11810	150	95	%	%	NOUN
ajfa-11810	150	96	1,736	1,736	NUM
ajfa-11810	150	97	124	124	NUM
ajfa-11810	150	98	berenfeld	berenfeld	VERB
ajfa-11810	150	99	spritzer	spritzer	NOUN
ajfa-11810	150	100	shechter	shechter	NOUN
ajfa-11810	150	101	&	&	CCONJ
ajfa-11810	150	102	sheer	sheer	ADJ
ajfa-11810	150	103	9	9	NUM
ajfa-11810	150	104	8	8	NUM
ajfa-11810	150	105	0.82	0.82	NUM
ajfa-11810	150	106	%	%	NOUN
ajfa-11810	150	107	667	667	NUM
ajfa-11810	150	108	83	83	NUM
ajfa-11810	150	109	swalm	swalm	NOUN
ajfa-11810	150	110	&	&	CCONJ
ajfa-11810	150	111	associates	associate	NOUN
ajfa-11810	150	112	10	10	NUM
ajfa-11810	150	113	8	8	NUM
ajfa-11810	150	114	0.82	0.82	NUM
ajfa-11810	150	115	%	%	NOUN
ajfa-11810	150	116	451	451	NUM
ajfa-11810	150	117	56	56	NUM
ajfa-11810	150	118	mcgladrey	mcgladrey	PROPN
ajfa-11810	150	119	&	&	CCONJ
ajfa-11810	150	120	pullen	pullen	PROPN
ajfa-11810	150	121	11	11	NUM
ajfa-11810	150	122	7	7	NUM
ajfa-11810	150	123	0.71	0.71	NUM
ajfa-11810	150	124	%	%	NOUN
ajfa-11810	150	125	1,662	1,662	NUM
ajfa-11810	150	126	237	237	NUM
ajfa-11810	150	127	burr	burr	NOUN
ajfa-11810	150	128	pilger	pilger	NOUN
ajfa-11810	150	129	mayer	mayer	PROPN
ajfa-11810	150	130	12	12	NUM
ajfa-11810	150	131	6	6	NUM
ajfa-11810	150	132	0.61	0.61	NUM
ajfa-11810	150	133	%	%	NOUN
ajfa-11810	150	134	1,690	1,690	NUM
ajfa-11810	150	135	282	282	NUM
ajfa-11810	150	136	calvetti	calvetti	PROPN
ajfa-11810	150	137	ferguson	ferguson	PROPN
ajfa-11810	150	138	&	&	CCONJ
ajfa-11810	150	139	wagner	wagner	PROPN
ajfa-11810	150	140	13	13	NUM
ajfa-11810	150	141	5	5	NUM
ajfa-11810	150	142	0.51	0.51	NUM
ajfa-11810	150	143	%	%	NOUN
ajfa-11810	150	144	7,286	7,286	NUM
ajfa-11810	150	145	1,457	1,457	NUM
ajfa-11810	150	146	moss	moss	NOUN
ajfa-11810	150	147	adams	adam	NOUN
ajfa-11810	150	148	14	14	NUM
ajfa-11810	150	149	5	5	NUM
ajfa-11810	150	150	0.51	0.51	NUM
ajfa-11810	150	151	%	%	NOUN
ajfa-11810	150	152	653	653	NUM
ajfa-11810	150	153	131	131	NUM
ajfa-11810	150	154	donaldson	donaldson	PROPN
ajfa-11810	150	155	holman	holman	PROPN
ajfa-11810	150	156	&	&	CCONJ
ajfa-11810	150	157	west	west	PROPN
ajfa-11810	150	158	15	15	NUM
ajfa-11810	150	159	2	2	NUM
ajfa-11810	150	160	0.20	0.20	NUM
ajfa-11810	150	161	%	%	NOUN
ajfa-11810	150	162	1,402	1,402	NUM
ajfa-11810	150	163	701	701	NUM
ajfa-11810	150	164	epstein	epstein	PROPN
ajfa-11810	150	165	weber	weber	PROPN
ajfa-11810	150	166	&	&	CCONJ
ajfa-11810	150	167	conover	conover	PROPN
ajfa-11810	150	168	16	16	NUM
ajfa-11810	150	169	2	2	NUM
ajfa-11810	150	170	0.20	0.20	NUM
ajfa-11810	150	171	%	%	NOUN
ajfa-11810	150	172	154	154	NUM
ajfa-11810	150	173	77	77	NUM
ajfa-11810	150	174	moore	moore	NOUN
ajfa-11810	150	175	stephens	stephen	VERB
ajfa-11810	150	176	17	17	NUM
ajfa-11810	150	177	1	1	NUM
ajfa-11810	150	178	0.10	0.10	NUM
ajfa-11810	150	179	%	%	NOUN
ajfa-11810	150	180	79	79	NUM
ajfa-11810	150	181	79	79	NUM
ajfa-11810	150	182	cherry	cherry	NOUN
ajfa-11810	150	183	bekaert	bekaert	PROPN
ajfa-11810	150	184	&	&	CCONJ
ajfa-11810	150	185	holland	holland	PROPN
ajfa-11810	150	186	18	18	NUM
ajfa-11810	150	187	1	1	NUM
ajfa-11810	150	188	0.10	0.10	NUM
ajfa-11810	150	189	%	%	NOUN
ajfa-11810	150	190	77	77	NUM
ajfa-11810	150	191	77	77	NUM
ajfa-11810	150	192	brady	brady	PROPN
ajfa-11810	150	193	martz	martz	PROPN
ajfa-11810	150	194	&	&	CCONJ
ajfa-11810	150	195	associates	associates	PROPN
ajfa-11810	150	196	19	19	NUM
ajfa-11810	150	197	1	1	NUM
ajfa-11810	150	198	0.10	0.10	NUM
ajfa-11810	150	199	%	%	NOUN
ajfa-11810	150	200	51	51	NUM
ajfa-11810	150	201	51	51	NUM
ajfa-11810	150	202	farmer	farmer	NOUN
ajfa-11810	150	203	fuqua	fuqua	PROPN
ajfa-11810	150	204	&	&	CCONJ
ajfa-11810	150	205	huff	huff	PROPN
ajfa-11810	150	206	20	20	NUM
ajfa-11810	150	207	1	1	NUM
ajfa-11810	150	208	0.10	0.10	NUM
ajfa-11810	150	209	%	%	NOUN
ajfa-11810	150	210	10	10	NUM
ajfa-11810	150	211	10	10	NUM
ajfa-11810	150	212	totals	total	NOUN
ajfa-11810	150	213	953	953	NUM
ajfa-11810	150	214	100.00	100.00	NUM
ajfa-11810	150	215	%	%	NOUN
ajfa-11810	150	216	853,829	853,829	NUM
ajfa-11810	150	217	896	896	NUM
ajfa-11810	150	218	notes	note	NOUN
ajfa-11810	150	219	:	:	PUNCT
ajfa-11810	150	220	reit	reit	NOUN
ajfa-11810	150	221	auditor	auditor	PROPN
ajfa-11810	150	222	rank	rank	PROPN
ajfa-11810	150	223	ranked	rank	VERB
ajfa-11810	150	224	first	first	ADV
ajfa-11810	150	225	by	by	ADP
ajfa-11810	150	226	the	the	DET
ajfa-11810	150	227	number	number	NOUN
ajfa-11810	150	228	of	of	ADP
ajfa-11810	150	229	reit	reit	PROPN
ajfa-11810	150	230	audits	audit	NOUN
ajfa-11810	150	231	performed	perform	VERB
ajfa-11810	150	232	and	and	CCONJ
ajfa-11810	150	233	then	then	ADV
ajfa-11810	150	234	by	by	ADP
ajfa-11810	150	235	the	the	DET
ajfa-11810	150	236	total	total	ADJ
ajfa-11810	150	237	audit	audit	NOUN
ajfa-11810	150	238	fees	fee	NOUN
ajfa-11810	150	239	for	for	ADP
ajfa-11810	150	240	reit	reit	PROPN
ajfa-11810	150	241	auditsas	auditsa	NOUN
ajfa-11810	150	242	reported	report	VERB
ajfa-11810	150	243	in	in	ADP
ajfa-11810	150	244	audit	audit	NOUN
ajfa-11810	150	245	analytics	analytic	NOUN
ajfa-11810	150	246	database	database	NOUN
ajfa-11810	150	247	.	.	PUNCT
ajfa-11810	151	1	previously	previously	ADV
ajfa-11810	151	2	,	,	PUNCT
ajfa-11810	151	3	we	we	PRON
ajfa-11810	151	4	discuss	discuss	VERB
ajfa-11810	151	5	the	the	DET
ajfa-11810	151	6	association	association	NOUN
ajfa-11810	151	7	between	between	ADP
ajfa-11810	151	8	information	information	NOUN
ajfa-11810	151	9	asymmetry	asymmetry	NOUN
ajfa-11810	151	10	,	,	PUNCT
ajfa-11810	151	11	financial	financial	ADJ
ajfa-11810	151	12	transparency	transparency	NOUN
ajfa-11810	151	13	,	,	PUNCT
ajfa-11810	151	14	and	and	CCONJ
ajfa-11810	151	15	the	the	DET
ajfa-11810	151	16	bid	bid	NOUN
ajfa-11810	151	17	-	-	PUNCT
ajfa-11810	151	18	ask	ask	NOUN
ajfa-11810	151	19	spread	spread	NOUN
ajfa-11810	151	20	.	.	PUNCT
ajfa-11810	152	1	researchers	researcher	NOUN
ajfa-11810	152	2	frequently	frequently	ADV
ajfa-11810	152	3	use	use	VERB
ajfa-11810	152	4	bid	bid	NOUN
ajfa-11810	152	5	-	-	PUNCT
ajfa-11810	152	6	ask	ask	NOUN
ajfa-11810	152	7	spread	spread	NOUN
ajfa-11810	152	8	as	as	ADP
ajfa-11810	152	9	an	an	DET
ajfa-11810	152	10	indicator	indicator	NOUN
ajfa-11810	152	11	of	of	ADP
ajfa-11810	152	12	transparency	transparency	NOUN
ajfa-11810	152	13	(	(	PUNCT
ajfa-11810	152	14	bagehot	bagehot	NOUN
ajfa-11810	152	15	,	,	PUNCT
ajfa-11810	152	16	1971	1971	NUM
ajfa-11810	152	17	;	;	PUNCT
ajfa-11810	152	18	demsetz	demsetz	VERB
ajfa-11810	152	19	,	,	PUNCT
ajfa-11810	152	20	1968	1968	NUM
ajfa-11810	152	21	)	)	PUNCT
ajfa-11810	152	22	.	.	PUNCT
ajfa-11810	153	1	intangible	intangible	ADJ
ajfa-11810	153	2	assets	asset	NOUN
ajfa-11810	153	3	are	be	AUX
ajfa-11810	153	4	difficult	difficult	ADJ
ajfa-11810	153	5	to	to	ADP
ajfa-11810	153	6	asian	asian	ADJ
ajfa-11810	153	7	journal	journal	NOUN
ajfa-11810	153	8	of	of	ADP
ajfa-11810	153	9	finance	finance	PROPN
ajfa-11810	153	10	&	&	CCONJ
ajfa-11810	153	11	accounting	accounting	PROPN
ajfa-11810	153	12	issn	issn	PROPN
ajfa-11810	153	13	1946	1946	NUM
ajfa-11810	153	14	-	-	PUNCT
ajfa-11810	153	15	052x	052x	NOUN
ajfa-11810	153	16	2018	2018	NUM
ajfa-11810	153	17	,	,	PUNCT
ajfa-11810	153	18	vol	vol	NOUN
ajfa-11810	153	19	.	.	PROPN
ajfa-11810	154	1	10	10	NUM
ajfa-11810	154	2	,	,	PUNCT
ajfa-11810	154	3	no	no	INTJ
ajfa-11810	154	4	.	.	NOUN
ajfa-11810	154	5	1	1	NUM
ajfa-11810	154	6	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11810	154	7	93	93	NUM
ajfa-11810	154	8	define	define	NOUN
ajfa-11810	154	9	or	or	CCONJ
ajfa-11810	154	10	value	value	NOUN
ajfa-11810	154	11	,	,	PUNCT
ajfa-11810	154	12	aggravated	aggravate	VERB
ajfa-11810	154	13	by	by	ADP
ajfa-11810	154	14	the	the	DET
ajfa-11810	154	15	fact	fact	NOUN
ajfa-11810	154	16	that	that	SCONJ
ajfa-11810	154	17	firms	firm	NOUN
ajfa-11810	154	18	often	often	ADV
ajfa-11810	154	19	choose	choose	VERB
ajfa-11810	154	20	not	not	PART
ajfa-11810	154	21	to	to	PART
ajfa-11810	154	22	reveal	reveal	VERB
ajfa-11810	154	23	certain	certain	ADJ
ajfa-11810	154	24	information	information	NOUN
ajfa-11810	154	25	that	that	SCONJ
ajfa-11810	154	26	they	they	PRON
ajfa-11810	154	27	view	view	VERB
ajfa-11810	154	28	as	as	ADP
ajfa-11810	154	29	proprietary	proprietary	ADJ
ajfa-11810	154	30	.	.	PUNCT
ajfa-11810	155	1	researchers	researcher	NOUN
ajfa-11810	155	2	commonly	commonly	ADV
ajfa-11810	155	3	use	use	VERB
ajfa-11810	155	4	intangible	intangible	ADJ
ajfa-11810	155	5	assets	asset	NOUN
ajfa-11810	155	6	to	to	PART
ajfa-11810	155	7	proxy	proxy	VERB
ajfa-11810	155	8	for	for	ADP
ajfa-11810	155	9	information	information	NOUN
ajfa-11810	155	10	asymmetry	asymmetry	NOUN
ajfa-11810	155	11	or	or	CCONJ
ajfa-11810	155	12	opacity	opacity	NOUN
ajfa-11810	155	13	.	.	PUNCT
ajfa-11810	156	1	therefore	therefore	ADV
ajfa-11810	156	2	,	,	PUNCT
ajfa-11810	156	3	we	we	PRON
ajfa-11810	156	4	include	include	VERB
ajfa-11810	156	5	two	two	NUM
ajfa-11810	156	6	additional	additional	ADJ
ajfa-11810	156	7	variables	variable	NOUN
ajfa-11810	156	8	within	within	ADP
ajfa-11810	156	9	the	the	DET
ajfa-11810	156	10	transparency	transparency	NOUN
ajfa-11810	156	11	vector	vector	NOUN
ajfa-11810	156	12	:	:	PUNCT
ajfa-11810	156	13	bid	bid	NOUN
ajfa-11810	156	14	-	-	PUNCT
ajfa-11810	156	15	ask	ask	NOUN
ajfa-11810	156	16	spread	spread	NOUN
ajfa-11810	156	17	,	,	PUNCT
ajfa-11810	156	18	which	which	PRON
ajfa-11810	156	19	we	we	PRON
ajfa-11810	156	20	construct	construct	VERB
ajfa-11810	156	21	using	use	VERB
ajfa-11810	156	22	the	the	DET
ajfa-11810	156	23	standard	standard	ADJ
ajfa-11810	156	24	deviation	deviation	NOUN
ajfa-11810	156	25	of	of	ADP
ajfa-11810	156	26	the	the	DET
ajfa-11810	156	27	mean	mean	ADJ
ajfa-11810	156	28	annual	annual	ADJ
ajfa-11810	156	29	bid	bid	NOUN
ajfa-11810	156	30	-	-	PUNCT
ajfa-11810	156	31	ask	ask	NOUN
ajfa-11810	156	32	spread	spread	NOUN
ajfa-11810	156	33	of	of	ADP
ajfa-11810	156	34	each	each	DET
ajfa-11810	156	35	reit	reit	NOUN
ajfa-11810	156	36	’s	’s	PART
ajfa-11810	156	37	stock	stock	NOUN
ajfa-11810	156	38	price	price	NOUN
ajfa-11810	156	39	;	;	PUNCT
ajfa-11810	156	40	and	and	CCONJ
ajfa-11810	156	41	log(intang	log(intang	PROPN
ajfa-11810	156	42	assets	asset	NOUN
ajfa-11810	156	43	)	)	PUNCT
ajfa-11810	156	44	,	,	PUNCT
ajfa-11810	156	45	which	which	PRON
ajfa-11810	156	46	is	be	AUX
ajfa-11810	156	47	the	the	DET
ajfa-11810	156	48	natural	natural	ADJ
ajfa-11810	156	49	log	log	NOUN
ajfa-11810	156	50	of	of	ADP
ajfa-11810	156	51	the	the	DET
ajfa-11810	156	52	sum	sum	NOUN
ajfa-11810	156	53	of	of	ADP
ajfa-11810	156	54	one	one	NUM
ajfa-11810	156	55	and	and	CCONJ
ajfa-11810	156	56	the	the	DET
ajfa-11810	156	57	total	total	ADJ
ajfa-11810	156	58	value	value	NOUN
ajfa-11810	156	59	of	of	ADP
ajfa-11810	156	60	each	each	DET
ajfa-11810	156	61	reit	reit	NOUN
ajfa-11810	156	62	’s	’s	PART
ajfa-11810	156	63	intangible	intangible	ADJ
ajfa-11810	156	64	assets.(note	assets.(note	NUM
ajfa-11810	156	65	10	10	NUM
ajfa-11810	156	66	)	)	PUNCT
ajfa-11810	156	67	3.3.3	3.3.3	NUM
ajfa-11810	156	68	firm	firm	ADJ
ajfa-11810	156	69	characteristics	characteristic	NOUN
ajfa-11810	156	70	vector	vector	NOUN
ajfa-11810	156	71	within	within	ADP
ajfa-11810	156	72	the	the	DET
ajfa-11810	156	73	sample	sample	NOUN
ajfa-11810	156	74	,	,	PUNCT
ajfa-11810	156	75	reits	reit	NOUN
ajfa-11810	156	76	vary	vary	VERB
ajfa-11810	156	77	by	by	ADP
ajfa-11810	156	78	type	type	NOUN
ajfa-11810	156	79	,	,	PUNCT
ajfa-11810	156	80	size	size	NOUN
ajfa-11810	156	81	,	,	PUNCT
ajfa-11810	156	82	and	and	CCONJ
ajfa-11810	156	83	industry	industry	NOUN
ajfa-11810	156	84	focus	focus	NOUN
ajfa-11810	156	85	.	.	PUNCT
ajfa-11810	157	1	to	to	PART
ajfa-11810	157	2	capture	capture	VERB
ajfa-11810	157	3	and	and	CCONJ
ajfa-11810	157	4	control	control	VERB
ajfa-11810	157	5	for	for	ADP
ajfa-11810	157	6	the	the	DET
ajfa-11810	157	7	differences	difference	NOUN
ajfa-11810	157	8	between	between	ADP
ajfa-11810	157	9	them	they	PRON
ajfa-11810	157	10	,	,	PUNCT
ajfa-11810	157	11	we	we	PRON
ajfa-11810	157	12	use	use	VERB
ajfa-11810	157	13	variables	variable	NOUN
ajfa-11810	157	14	within	within	ADP
ajfa-11810	157	15	the	the	DET
ajfa-11810	157	16	firm	firm	ADJ
ajfa-11810	157	17	characteristics	characteristic	NOUN
ajfa-11810	157	18	vector	vector	NOUN
ajfa-11810	157	19	.	.	PUNCT
ajfa-11810	158	1	first	first	ADV
ajfa-11810	158	2	in	in	ADP
ajfa-11810	158	3	the	the	DET
ajfa-11810	158	4	group	group	NOUN
ajfa-11810	158	5	is	be	AUX
ajfa-11810	158	6	book	book	NOUN
ajfa-11810	158	7	-	-	PUNCT
ajfa-11810	158	8	to	to	ADP
ajfa-11810	158	9	-	-	PUNCT
ajfa-11810	158	10	market	market	NOUN
ajfa-11810	158	11	,	,	PUNCT
ajfa-11810	158	12	which	which	PRON
ajfa-11810	158	13	we	we	PRON
ajfa-11810	158	14	calculate	calculate	VERB
ajfa-11810	158	15	by	by	ADP
ajfa-11810	158	16	dividing	divide	VERB
ajfa-11810	158	17	book	book	NOUN
ajfa-11810	158	18	value	value	NOUN
ajfa-11810	158	19	(	(	PUNCT
ajfa-11810	158	20	total	total	ADJ
ajfa-11810	158	21	assets	asset	NOUN
ajfa-11810	158	22	minus	minus	ADP
ajfa-11810	158	23	total	total	ADJ
ajfa-11810	158	24	liabilities	liability	NOUN
ajfa-11810	158	25	and	and	CCONJ
ajfa-11810	158	26	total	total	ADJ
ajfa-11810	158	27	intangible	intangible	ADJ
ajfa-11810	158	28	assets	asset	NOUN
ajfa-11810	158	29	)	)	PUNCT
ajfa-11810	158	30	by	by	ADP
ajfa-11810	158	31	market	market	NOUN
ajfa-11810	158	32	value	value	NOUN
ajfa-11810	158	33	(	(	PUNCT
ajfa-11810	158	34	common	common	ADJ
ajfa-11810	158	35	shares	share	NOUN
ajfa-11810	158	36	outstanding	outstanding	ADJ
ajfa-11810	158	37	at	at	ADP
ajfa-11810	158	38	year	year	NOUN
ajfa-11810	158	39	’s	’s	PART
ajfa-11810	158	40	end	end	NOUN
ajfa-11810	158	41	multiplied	multiply	VERB
ajfa-11810	158	42	by	by	ADP
ajfa-11810	158	43	share	share	NOUN
ajfa-11810	158	44	price	price	NOUN
ajfa-11810	158	45	at	at	ADP
ajfa-11810	158	46	year	year	NOUN
ajfa-11810	158	47	’s	’s	PART
ajfa-11810	158	48	end	end	NOUN
ajfa-11810	158	49	)	)	PUNCT
ajfa-11810	158	50	.	.	PUNCT
ajfa-11810	159	1	the	the	DET
ajfa-11810	159	2	second	second	ADJ
ajfa-11810	159	3	variable	variable	NOUN
ajfa-11810	159	4	is	be	AUX
ajfa-11810	159	5	return	return	NOUN
ajfa-11810	159	6	-	-	PUNCT
ajfa-11810	159	7	on	on	ADP
ajfa-11810	159	8	-	-	PUNCT
ajfa-11810	159	9	assets	asset	NOUN
ajfa-11810	159	10	,	,	PUNCT
ajfa-11810	159	11	the	the	DET
ajfa-11810	159	12	result	result	NOUN
ajfa-11810	159	13	of	of	ADP
ajfa-11810	159	14	dividing	divide	VERB
ajfa-11810	159	15	net	net	ADJ
ajfa-11810	159	16	income	income	NOUN
ajfa-11810	159	17	by	by	ADP
ajfa-11810	159	18	total	total	ADJ
ajfa-11810	159	19	assets	asset	NOUN
ajfa-11810	159	20	.	.	PUNCT
ajfa-11810	160	1	rounding	round	VERB
ajfa-11810	160	2	out	out	ADP
ajfa-11810	160	3	the	the	DET
ajfa-11810	160	4	firm	firm	ADJ
ajfa-11810	160	5	characteristics	characteristic	NOUN
ajfa-11810	160	6	vector	vector	NOUN
ajfa-11810	160	7	is	be	AUX
ajfa-11810	160	8	leverage	leverage	NOUN
ajfa-11810	160	9	,	,	PUNCT
ajfa-11810	160	10	which	which	PRON
ajfa-11810	160	11	we	we	PRON
ajfa-11810	160	12	compute	compute	VERB
ajfa-11810	160	13	by	by	ADP
ajfa-11810	160	14	dividing	divide	VERB
ajfa-11810	160	15	total	total	ADJ
ajfa-11810	160	16	liabilities	liability	NOUN
ajfa-11810	160	17	by	by	ADP
ajfa-11810	160	18	total	total	ADJ
ajfa-11810	160	19	assets	asset	NOUN
ajfa-11810	160	20	.	.	PUNCT
ajfa-11810	161	1	3.3.4	3.3.4	NUM
ajfa-11810	161	2	auditor	auditor	NOUN
ajfa-11810	161	3	relationship	relationship	NOUN
ajfa-11810	161	4	vector	vector	NOUN
ajfa-11810	161	5	in	in	ADP
ajfa-11810	161	6	addition	addition	NOUN
ajfa-11810	161	7	to	to	ADP
ajfa-11810	161	8	the	the	DET
ajfa-11810	161	9	three	three	NUM
ajfa-11810	161	10	audit	audit	NOUN
ajfa-11810	161	11	-	-	PUNCT
ajfa-11810	161	12	related	relate	VERB
ajfa-11810	161	13	attributes	attribute	NOUN
ajfa-11810	161	14	of	of	ADP
ajfa-11810	161	15	auditor	auditor	NOUN
ajfa-11810	161	16	quality	quality	NOUN
ajfa-11810	161	17	,	,	PUNCT
ajfa-11810	161	18	specialization	specialization	NOUN
ajfa-11810	161	19	,	,	PUNCT
ajfa-11810	161	20	and	and	CCONJ
ajfa-11810	161	21	reputation	reputation	NOUN
ajfa-11810	161	22	,	,	PUNCT
ajfa-11810	161	23	we	we	PRON
ajfa-11810	161	24	also	also	ADV
ajfa-11810	161	25	use	use	VERB
ajfa-11810	161	26	a	a	DET
ajfa-11810	161	27	vector	vector	NOUN
ajfa-11810	161	28	of	of	ADP
ajfa-11810	161	29	two	two	NUM
ajfa-11810	161	30	additional	additional	ADJ
ajfa-11810	161	31	observable	observable	ADJ
ajfa-11810	161	32	variables	variable	NOUN
ajfa-11810	161	33	to	to	PART
ajfa-11810	161	34	control	control	VERB
ajfa-11810	161	35	for	for	ADP
ajfa-11810	161	36	other	other	ADJ
ajfa-11810	161	37	aspects	aspect	NOUN
ajfa-11810	161	38	of	of	ADP
ajfa-11810	161	39	the	the	DET
ajfa-11810	161	40	relationship	relationship	NOUN
ajfa-11810	161	41	between	between	ADP
ajfa-11810	161	42	the	the	DET
ajfa-11810	161	43	audit	audit	NOUN
ajfa-11810	161	44	firm	firm	NOUN
ajfa-11810	161	45	and	and	CCONJ
ajfa-11810	161	46	its	its	PRON
ajfa-11810	161	47	client	client	NOUN
ajfa-11810	161	48	.	.	PUNCT
ajfa-11810	162	1	investors	investor	NOUN
ajfa-11810	162	2	understand	understand	VERB
ajfa-11810	162	3	that	that	SCONJ
ajfa-11810	162	4	over	over	ADP
ajfa-11810	162	5	time	time	NOUN
ajfa-11810	162	6	auditors	auditor	NOUN
ajfa-11810	162	7	gain	gain	VERB
ajfa-11810	162	8	significant	significant	ADJ
ajfa-11810	162	9	understanding	understanding	NOUN
ajfa-11810	162	10	about	about	ADP
ajfa-11810	162	11	the	the	DET
ajfa-11810	162	12	nature	nature	NOUN
ajfa-11810	162	13	of	of	ADP
ajfa-11810	162	14	their	their	PRON
ajfa-11810	162	15	clients	client	NOUN
ajfa-11810	162	16	’	’	PART
ajfa-11810	162	17	business	business	NOUN
ajfa-11810	162	18	operations	operation	NOUN
ajfa-11810	162	19	(	(	PUNCT
ajfa-11810	162	20	aicpa	aicpa	PROPN
ajfa-11810	162	21	,	,	PUNCT
ajfa-11810	162	22	1978	1978	NUM
ajfa-11810	162	23	;	;	PUNCT
ajfa-11810	162	24	bells	bell	NOUN
ajfa-11810	162	25	,	,	PUNCT
ajfa-11810	162	26	marrs	marrs	PROPN
ajfa-11810	162	27	,	,	PUNCT
ajfa-11810	162	28	solomon	solomon	PROPN
ajfa-11810	162	29	,	,	PUNCT
ajfa-11810	162	30	&	&	CCONJ
ajfa-11810	162	31	thomas	thomas	PROPN
ajfa-11810	162	32	,	,	PUNCT
ajfa-11810	162	33	1997	1997	NUM
ajfa-11810	162	34	)	)	PUNCT
ajfa-11810	162	35	,	,	PUNCT
ajfa-11810	162	36	and	and	CCONJ
ajfa-11810	162	37	numerous	numerous	ADJ
ajfa-11810	162	38	researchers	researcher	NOUN
ajfa-11810	162	39	find	find	VERB
ajfa-11810	162	40	a	a	DET
ajfa-11810	162	41	positive	positive	ADJ
ajfa-11810	162	42	association	association	NOUN
ajfa-11810	162	43	between	between	ADP
ajfa-11810	162	44	auditor	auditor	NOUN
ajfa-11810	162	45	tenure	tenure	NOUN
ajfa-11810	162	46	and	and	CCONJ
ajfa-11810	162	47	audit	audit	NOUN
ajfa-11810	162	48	quality	quality	NOUN
ajfa-11810	162	49	(	(	PUNCT
ajfa-11810	162	50	geiger	geiger	PROPN
ajfa-11810	162	51	&	&	CCONJ
ajfa-11810	162	52	raghunanandan	raghunanandan	PROPN
ajfa-11810	162	53	,	,	PUNCT
ajfa-11810	162	54	2002	2002	NUM
ajfa-11810	162	55	;	;	PUNCT
ajfa-11810	162	56	johnson	johnson	PROPN
ajfa-11810	162	57	,	,	PUNCT
ajfa-11810	162	58	khurana	khurana	PROPN
ajfa-11810	162	59	&	&	CCONJ
ajfa-11810	162	60	reynolds	reynolds	PROPN
ajfa-11810	162	61	,	,	PUNCT
ajfa-11810	162	62	2002	2002	NUM
ajfa-11810	162	63	;	;	PUNCT
ajfa-11810	162	64	myers	myers	PROPN
ajfa-11810	162	65	,	,	PUNCT
ajfa-11810	162	66	myers	myers	PROPN
ajfa-11810	162	67	,	,	PUNCT
ajfa-11810	162	68	&	&	CCONJ
ajfa-11810	162	69	omer	omer	PROPN
ajfa-11810	162	70	,	,	PUNCT
ajfa-11810	162	71	2003	2003	NUM
ajfa-11810	162	72	;	;	PUNCT
ajfa-11810	162	73	mansi	mansi	PROPN
ajfa-11810	162	74	,	,	PUNCT
ajfa-11810	162	75	maxwell	maxwell	PROPN
ajfa-11810	162	76	,	,	PUNCT
ajfa-11810	162	77	&	&	CCONJ
ajfa-11810	162	78	miller	miller	PROPN
ajfa-11810	162	79	,	,	PUNCT
ajfa-11810	162	80	2004	2004	NUM
ajfa-11810	162	81	)	)	PUNCT
ajfa-11810	162	82	.	.	PUNCT
ajfa-11810	163	1	to	to	PART
ajfa-11810	163	2	control	control	VERB
ajfa-11810	163	3	for	for	ADP
ajfa-11810	163	4	the	the	DET
ajfa-11810	163	5	possible	possible	ADJ
ajfa-11810	163	6	learning	learning	NOUN
ajfa-11810	163	7	curve	curve	NOUN
ajfa-11810	163	8	facing	face	VERB
ajfa-11810	163	9	a	a	DET
ajfa-11810	163	10	new	new	ADJ
ajfa-11810	163	11	auditor	auditor	NOUN
ajfa-11810	163	12	,	,	PUNCT
ajfa-11810	163	13	in	in	ADP
ajfa-11810	163	14	the	the	DET
ajfa-11810	163	15	auditor	auditor	NOUN
ajfa-11810	163	16	relationship	relationship	NOUN
ajfa-11810	163	17	vector	vector	NOUN
ajfa-11810	163	18	we	we	PRON
ajfa-11810	163	19	include	include	VERB
ajfa-11810	163	20	initial	initial	ADJ
ajfa-11810	163	21	,	,	PUNCT
ajfa-11810	163	22	a	a	DET
ajfa-11810	163	23	dummy	dummy	ADJ
ajfa-11810	163	24	variable	variable	NOUN
ajfa-11810	163	25	taking	take	VERB
ajfa-11810	163	26	the	the	DET
ajfa-11810	163	27	value	value	NOUN
ajfa-11810	163	28	of	of	ADP
ajfa-11810	163	29	one	one	NUM
ajfa-11810	163	30	if	if	SCONJ
ajfa-11810	163	31	the	the	DET
ajfa-11810	163	32	current	current	ADJ
ajfa-11810	163	33	auditor	auditor	NOUN
ajfa-11810	163	34	is	be	AUX
ajfa-11810	163	35	in	in	ADP
ajfa-11810	163	36	either	either	CCONJ
ajfa-11810	163	37	the	the	DET
ajfa-11810	163	38	first	first	ADJ
ajfa-11810	163	39	or	or	CCONJ
ajfa-11810	163	40	second	second	ADJ
ajfa-11810	163	41	year	year	NOUN
ajfa-11810	163	42	of	of	ADP
ajfa-11810	163	43	engagement	engagement	NOUN
ajfa-11810	163	44	,	,	PUNCT
ajfa-11810	163	45	and	and	CCONJ
ajfa-11810	163	46	zero	zero	NUM
ajfa-11810	163	47	otherwise	otherwise	ADV
ajfa-11810	163	48	.	.	PUNCT
ajfa-11810	164	1	audit	audit	NOUN
ajfa-11810	164	2	firms	firm	NOUN
ajfa-11810	164	3	commonly	commonly	ADV
ajfa-11810	164	4	provide	provide	VERB
ajfa-11810	164	5	clients	client	NOUN
ajfa-11810	164	6	with	with	ADP
ajfa-11810	164	7	non	non	ADJ
ajfa-11810	164	8	-	-	ADJ
ajfa-11810	164	9	audit	audit	ADJ
ajfa-11810	164	10	services	service	NOUN
ajfa-11810	164	11	such	such	ADJ
ajfa-11810	164	12	as	as	ADP
ajfa-11810	164	13	tax	tax	NOUN
ajfa-11810	164	14	preparation	preparation	NOUN
ajfa-11810	164	15	,	,	PUNCT
ajfa-11810	164	16	risk	risk	NOUN
ajfa-11810	164	17	management	management	NOUN
ajfa-11810	164	18	,	,	PUNCT
ajfa-11810	164	19	and	and	CCONJ
ajfa-11810	164	20	pension	pension	NOUN
ajfa-11810	164	21	plan	plan	NOUN
ajfa-11810	164	22	administration	administration	NOUN
ajfa-11810	164	23	consulting	consulting	NOUN
ajfa-11810	164	24	services	service	NOUN
ajfa-11810	164	25	.	.	PUNCT
ajfa-11810	165	1	fees	fee	NOUN
ajfa-11810	165	2	for	for	ADP
ajfa-11810	165	3	these	these	DET
ajfa-11810	165	4	types	type	NOUN
ajfa-11810	165	5	of	of	ADP
ajfa-11810	165	6	services	service	NOUN
ajfa-11810	165	7	can	can	AUX
ajfa-11810	165	8	often	often	ADV
ajfa-11810	165	9	exceed	exceed	VERB
ajfa-11810	165	10	those	those	PRON
ajfa-11810	165	11	paid	pay	VERB
ajfa-11810	165	12	for	for	ADP
ajfa-11810	165	13	audits	audits	NOUN
ajfa-11810	165	14	.	.	PUNCT
ajfa-11810	166	1	some	some	DET
ajfa-11810	166	2	researchers	researcher	NOUN
ajfa-11810	166	3	theorize	theorize	VERB
ajfa-11810	166	4	that	that	SCONJ
ajfa-11810	166	5	audit	audit	NOUN
ajfa-11810	166	6	firms	firm	NOUN
ajfa-11810	166	7	price	price	NOUN
ajfa-11810	166	8	audit	audit	NOUN
ajfa-11810	166	9	services	service	NOUN
ajfa-11810	166	10	somewhat	somewhat	ADV
ajfa-11810	166	11	as	as	ADP
ajfa-11810	166	12	a	a	DET
ajfa-11810	166	13	‘	'	PUNCT
ajfa-11810	166	14	loss	loss	NOUN
ajfa-11810	166	15	-	-	PUNCT
ajfa-11810	166	16	leader	leader	NOUN
ajfa-11810	166	17	’	'	PUNCT
ajfa-11810	166	18	in	in	ADP
ajfa-11810	166	19	order	order	NOUN
ajfa-11810	166	20	to	to	PART
ajfa-11810	166	21	gain	gain	VERB
ajfa-11810	166	22	a	a	DET
ajfa-11810	166	23	foothold	foothold	NOUN
ajfa-11810	166	24	in	in	ADP
ajfa-11810	166	25	to	to	ADP
ajfa-11810	166	26	a	a	DET
ajfa-11810	166	27	firm	firm	NOUN
ajfa-11810	166	28	,	,	PUNCT
ajfa-11810	166	29	thus	thus	ADV
ajfa-11810	166	30	paving	pave	VERB
ajfa-11810	166	31	the	the	DET
ajfa-11810	166	32	way	way	NOUN
ajfa-11810	166	33	for	for	ADP
ajfa-11810	166	34	the	the	DET
ajfa-11810	166	35	provision	provision	NOUN
ajfa-11810	166	36	of	of	ADP
ajfa-11810	166	37	more	more	ADV
ajfa-11810	166	38	profitable	profitable	ADJ
ajfa-11810	166	39	‘	'	PUNCT
ajfa-11810	166	40	non	non	ADJ
ajfa-11810	166	41	-	-	ADJ
ajfa-11810	166	42	audit	audit	ADJ
ajfa-11810	166	43	’	'	PUNCT
ajfa-11810	166	44	services	service	NOUN
ajfa-11810	166	45	(	(	PUNCT
ajfa-11810	166	46	antle	antle	ADJ
ajfa-11810	166	47	,	,	PUNCT
ajfa-11810	166	48	gordon	gordon	PROPN
ajfa-11810	166	49	,	,	PUNCT
ajfa-11810	166	50	narayanamoorthy	narayanamoorthy	ADJ
ajfa-11810	166	51	,	,	PUNCT
ajfa-11810	166	52	&	&	CCONJ
ajfa-11810	166	53	zhou	zhou	PROPN
ajfa-11810	166	54	,	,	PUNCT
ajfa-11810	166	55	2006	2006	NUM
ajfa-11810	166	56	;	;	PUNCT
ajfa-11810	166	57	knechel	knechel	PROPN
ajfa-11810	166	58	&	&	CCONJ
ajfa-11810	166	59	sharma	sharma	PROPN
ajfa-11810	166	60	2012	2012	NUM
ajfa-11810	166	61	)	)	PUNCT
ajfa-11810	166	62	.	.	PUNCT
ajfa-11810	167	1	even	even	ADV
ajfa-11810	167	2	so	so	ADV
ajfa-11810	167	3	,	,	PUNCT
ajfa-11810	167	4	regulators	regulator	NOUN
ajfa-11810	167	5	have	have	AUX
ajfa-11810	167	6	long	long	ADV
ajfa-11810	167	7	had	have	VERB
ajfa-11810	167	8	concerns	concern	NOUN
ajfa-11810	167	9	about	about	ADP
ajfa-11810	167	10	the	the	DET
ajfa-11810	167	11	relationship	relationship	NOUN
ajfa-11810	167	12	between	between	ADP
ajfa-11810	167	13	an	an	DET
ajfa-11810	167	14	auditor	auditor	NOUN
ajfa-11810	167	15	and	and	CCONJ
ajfa-11810	167	16	its	its	PRON
ajfa-11810	167	17	client	client	NOUN
ajfa-11810	167	18	,	,	PUNCT
ajfa-11810	167	19	and	and	CCONJ
ajfa-11810	167	20	the	the	DET
ajfa-11810	167	21	relationship	relationship	NOUN
ajfa-11810	167	22	’s	’s	PART
ajfa-11810	167	23	impact	impact	NOUN
ajfa-11810	167	24	on	on	ADP
ajfa-11810	167	25	firm	firm	ADJ
ajfa-11810	167	26	transparency	transparency	NOUN
ajfa-11810	167	27	.	.	PUNCT
ajfa-11810	168	1	in	in	ADP
ajfa-11810	168	2	2001	2001	NUM
ajfa-11810	168	3	,	,	PUNCT
ajfa-11810	168	4	the	the	DET
ajfa-11810	168	5	u.s	u.s	PROPN
ajfa-11810	168	6	.	.	PROPN
ajfa-11810	168	7	securities	securities	PROPN
ajfa-11810	168	8	and	and	CCONJ
ajfa-11810	168	9	exchange	exchange	PROPN
ajfa-11810	168	10	commission	commission	NOUN
ajfa-11810	168	11	began	begin	VERB
ajfa-11810	168	12	requiring	require	VERB
ajfa-11810	168	13	full	full	ADJ
ajfa-11810	168	14	disclosure	disclosure	NOUN
ajfa-11810	168	15	of	of	ADP
ajfa-11810	168	16	audit	audit	NOUN
ajfa-11810	168	17	and	and	CCONJ
ajfa-11810	168	18	non	non	ADJ
ajfa-11810	168	19	-	-	ADJ
ajfa-11810	168	20	audit	audit	ADJ
ajfa-11810	168	21	fees	fee	NOUN
ajfa-11810	168	22	amidst	amidst	ADP
ajfa-11810	168	23	concerns	concern	NOUN
ajfa-11810	168	24	over	over	ADP
ajfa-11810	168	25	firm	firm	ADJ
ajfa-11810	168	26	transparency	transparency	NOUN
ajfa-11810	168	27	,	,	PUNCT
ajfa-11810	168	28	audit	audit	NOUN
ajfa-11810	168	29	and	and	CCONJ
ajfa-11810	168	30	non	non	ADJ
ajfa-11810	168	31	-	-	ADJ
ajfa-11810	168	32	audit	audit	ADJ
ajfa-11810	168	33	fees	fee	NOUN
ajfa-11810	168	34	,	,	PUNCT
ajfa-11810	168	35	and	and	CCONJ
ajfa-11810	168	36	auditor	auditor	NOUN
ajfa-11810	168	37	independence	independence	NOUN
ajfa-11810	168	38	(	(	PUNCT
ajfa-11810	168	39	danielson	danielson	PROPN
ajfa-11810	168	40	et	et	PROPN
ajfa-11810	168	41	al	al	PROPN
ajfa-11810	168	42	.	.	PROPN
ajfa-11810	168	43	,	,	PUNCT
ajfa-11810	168	44	2009	2009	NUM
ajfa-11810	168	45	)	)	PUNCT
ajfa-11810	168	46	.	.	PUNCT
ajfa-11810	169	1	less	less	ADJ
ajfa-11810	169	2	than	than	ADP
ajfa-11810	169	3	two	two	NUM
ajfa-11810	169	4	years	year	NOUN
ajfa-11810	169	5	later	later	ADV
ajfa-11810	169	6	,	,	PUNCT
ajfa-11810	169	7	the	the	DET
ajfa-11810	169	8	u.s	u.s	PROPN
ajfa-11810	169	9	.	.	PROPN
ajfa-11810	169	10	congress	congress	PROPN
ajfa-11810	169	11	went	go	VERB
ajfa-11810	169	12	even	even	ADV
ajfa-11810	169	13	further	far	ADV
ajfa-11810	169	14	when	when	SCONJ
ajfa-11810	169	15	they	they	PRON
ajfa-11810	169	16	passed	pass	VERB
ajfa-11810	169	17	the	the	DET
ajfa-11810	169	18	sarbanes	sarbanes	PROPN
ajfa-11810	169	19	-	-	PUNCT
ajfa-11810	169	20	oxley	oxley	ADJ
ajfa-11810	169	21	act	act	NOUN
ajfa-11810	169	22	of	of	ADP
ajfa-11810	169	23	2002	2002	NUM
ajfa-11810	169	24	,	,	PUNCT
ajfa-11810	169	25	which	which	PRON
ajfa-11810	169	26	established	establish	VERB
ajfa-11810	169	27	stringent	stringent	ADJ
ajfa-11810	169	28	new	new	ADJ
ajfa-11810	169	29	standards	standard	NOUN
ajfa-11810	169	30	designed	design	VERB
ajfa-11810	169	31	to	to	PART
ajfa-11810	169	32	enhance	enhance	VERB
ajfa-11810	169	33	auditor	auditor	NOUN
ajfa-11810	169	34	independence	independence	NOUN
ajfa-11810	169	35	and	and	CCONJ
ajfa-11810	169	36	limit	limit	VERB
ajfa-11810	169	37	conflicts	conflict	NOUN
ajfa-11810	169	38	of	of	ADP
ajfa-11810	169	39	interest	interest	NOUN
ajfa-11810	169	40	(	(	PUNCT
ajfa-11810	169	41	naiker	naiker	NOUN
ajfa-11810	169	42	,	,	PUNCT
ajfa-11810	169	43	sharma	sharma	PROPN
ajfa-11810	169	44	,	,	PUNCT
ajfa-11810	169	45	&	&	CCONJ
ajfa-11810	169	46	sharma	sharma	PROPN
ajfa-11810	169	47	,	,	PUNCT
ajfa-11810	169	48	2013	2013	NUM
ajfa-11810	169	49	)	)	PUNCT
ajfa-11810	169	50	.	.	PUNCT
ajfa-11810	170	1	because	because	SCONJ
ajfa-11810	170	2	the	the	DET
ajfa-11810	170	3	rationale	rationale	NOUN
ajfa-11810	170	4	is	be	AUX
ajfa-11810	170	5	that	that	SCONJ
ajfa-11810	170	6	high	high	ADJ
ajfa-11810	170	7	non	non	ADJ
ajfa-11810	170	8	-	-	ADJ
ajfa-11810	170	9	audit	audit	ADJ
ajfa-11810	170	10	fees	fee	NOUN
ajfa-11810	170	11	weaken	weaken	VERB
ajfa-11810	170	12	auditor	auditor	NOUN
ajfa-11810	170	13	independence	independence	NOUN
ajfa-11810	170	14	,	,	PUNCT
ajfa-11810	170	15	and	and	CCONJ
ajfa-11810	170	16	hence	hence	ADV
ajfa-11810	170	17	,	,	PUNCT
ajfa-11810	170	18	by	by	ADP
ajfa-11810	170	19	asian	asian	ADJ
ajfa-11810	170	20	journal	journal	PROPN
ajfa-11810	170	21	of	of	ADP
ajfa-11810	170	22	finance	finance	PROPN
ajfa-11810	170	23	&	&	CCONJ
ajfa-11810	170	24	accounting	accounting	PROPN
ajfa-11810	170	25	issn	issn	PROPN
ajfa-11810	170	26	1946	1946	NUM
ajfa-11810	170	27	-	-	PUNCT
ajfa-11810	170	28	052x	052x	NOUN
ajfa-11810	170	29	2018	2018	NUM
ajfa-11810	170	30	,	,	PUNCT
ajfa-11810	170	31	vol	vol	NOUN
ajfa-11810	170	32	.	.	PROPN
ajfa-11810	171	1	10	10	NUM
ajfa-11810	171	2	,	,	PUNCT
ajfa-11810	171	3	no	no	INTJ
ajfa-11810	171	4	.	.	NOUN
ajfa-11810	171	5	1	1	NUM
ajfa-11810	171	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	171	7	94	94	NUM
ajfa-11810	171	8	extension	extension	NOUN
ajfa-11810	171	9	,	,	PUNCT
ajfa-11810	171	10	reduce	reduce	VERB
ajfa-11810	171	11	audit	audit	NOUN
ajfa-11810	171	12	quality	quality	NOUN
ajfa-11810	171	13	,	,	PUNCT
ajfa-11810	171	14	non	non	ADJ
ajfa-11810	171	15	-	-	ADJ
ajfa-11810	171	16	audit	audit	ADJ
ajfa-11810	171	17	fees	fee	NOUN
ajfa-11810	171	18	can	can	AUX
ajfa-11810	171	19	influence	influence	VERB
ajfa-11810	171	20	investors	investor	NOUN
ajfa-11810	171	21	’	’	PART
ajfa-11810	171	22	perceptions	perception	NOUN
ajfa-11810	171	23	of	of	ADP
ajfa-11810	171	24	firm	firm	ADJ
ajfa-11810	171	25	transparency	transparency	NOUN
ajfa-11810	171	26	.	.	PUNCT
ajfa-11810	172	1	although	although	SCONJ
ajfa-11810	172	2	the	the	DET
ajfa-11810	172	3	research	research	NOUN
ajfa-11810	172	4	in	in	ADP
ajfa-11810	172	5	this	this	DET
ajfa-11810	172	6	paper	paper	NOUN
ajfa-11810	172	7	does	do	AUX
ajfa-11810	172	8	not	not	PART
ajfa-11810	172	9	specifically	specifically	ADV
ajfa-11810	172	10	explore	explore	VERB
ajfa-11810	172	11	the	the	DET
ajfa-11810	172	12	impact	impact	NOUN
ajfa-11810	172	13	of	of	ADP
ajfa-11810	172	14	non	non	ADJ
ajfa-11810	172	15	-	-	ADJ
ajfa-11810	172	16	audit	audit	ADJ
ajfa-11810	172	17	fees	fee	NOUN
ajfa-11810	172	18	,	,	PUNCT
ajfa-11810	172	19	we	we	PRON
ajfa-11810	172	20	include	include	VERB
ajfa-11810	172	21	the	the	DET
ajfa-11810	172	22	variable	variable	ADJ
ajfa-11810	172	23	log(other	log(other	ADJ
ajfa-11810	172	24	fees	fee	NOUN
ajfa-11810	172	25	)	)	PUNCT
ajfa-11810	172	26	,	,	PUNCT
ajfa-11810	172	27	the	the	DET
ajfa-11810	172	28	natural	natural	ADJ
ajfa-11810	172	29	log	log	NOUN
ajfa-11810	172	30	of	of	ADP
ajfa-11810	172	31	the	the	DET
ajfa-11810	172	32	sum	sum	NOUN
ajfa-11810	172	33	of	of	ADP
ajfa-11810	172	34	non	non	ADJ
ajfa-11810	172	35	-	-	ADJ
ajfa-11810	172	36	audit	audit	ADJ
ajfa-11810	172	37	fees	fee	NOUN
ajfa-11810	172	38	and	and	CCONJ
ajfa-11810	172	39	one	one	NUM
ajfa-11810	172	40	,	,	PUNCT
ajfa-11810	172	41	(	(	PUNCT
ajfa-11810	172	42	note	note	NOUN
ajfa-11810	172	43	11	11	NUM
ajfa-11810	172	44	)	)	PUNCT
ajfa-11810	172	45	to	to	PART
ajfa-11810	172	46	control	control	VERB
ajfa-11810	172	47	for	for	ADP
ajfa-11810	172	48	the	the	DET
ajfa-11810	172	49	impact	impact	NOUN
ajfa-11810	172	50	of	of	ADP
ajfa-11810	172	51	non	non	ADJ
ajfa-11810	172	52	-	-	ADJ
ajfa-11810	172	53	audit	audit	ADJ
ajfa-11810	172	54	fees	fee	NOUN
ajfa-11810	172	55	.	.	PUNCT
ajfa-11810	173	1	3.3.5	3.3.5	NUM
ajfa-11810	173	2	reit	reit	PROPN
ajfa-11810	173	3	complexity	complexity	NOUN
ajfa-11810	173	4	vector	vector	NOUN
ajfa-11810	173	5	as	as	SCONJ
ajfa-11810	173	6	we	we	PRON
ajfa-11810	173	7	discuss	discuss	VERB
ajfa-11810	173	8	earlier	early	ADV
ajfa-11810	173	9	,	,	PUNCT
ajfa-11810	173	10	auditing	auditing	NOUN
ajfa-11810	173	11	reits	reit	NOUN
ajfa-11810	173	12	is	be	AUX
ajfa-11810	173	13	often	often	ADV
ajfa-11810	173	14	a	a	DET
ajfa-11810	173	15	complex	complex	ADJ
ajfa-11810	173	16	process	process	NOUN
ajfa-11810	173	17	,	,	PUNCT
ajfa-11810	173	18	partly	partly	ADV
ajfa-11810	173	19	because	because	SCONJ
ajfa-11810	173	20	reits	reit	NOUN
ajfa-11810	173	21	operate	operate	VERB
ajfa-11810	173	22	in	in	ADP
ajfa-11810	173	23	a	a	DET
ajfa-11810	173	24	highly	highly	ADV
ajfa-11810	173	25	regulated	regulated	ADJ
ajfa-11810	173	26	environment	environment	NOUN
ajfa-11810	173	27	,	,	PUNCT
ajfa-11810	173	28	and	and	CCONJ
ajfa-11810	173	29	partly	partly	ADV
ajfa-11810	173	30	because	because	SCONJ
ajfa-11810	173	31	of	of	ADP
ajfa-11810	173	32	the	the	DET
ajfa-11810	173	33	means	mean	NOUN
ajfa-11810	173	34	used	use	VERB
ajfa-11810	173	35	to	to	PART
ajfa-11810	173	36	value	value	VERB
ajfa-11810	173	37	investments	investment	NOUN
ajfa-11810	173	38	within	within	ADP
ajfa-11810	173	39	their	their	PRON
ajfa-11810	173	40	portfolios	portfolio	NOUN
ajfa-11810	173	41	.	.	PUNCT
ajfa-11810	174	1	we	we	PRON
ajfa-11810	174	2	include	include	VERB
ajfa-11810	174	3	a	a	DET
ajfa-11810	174	4	number	number	NOUN
ajfa-11810	174	5	of	of	ADP
ajfa-11810	174	6	observable	observable	ADJ
ajfa-11810	174	7	variables	variable	NOUN
ajfa-11810	174	8	within	within	ADP
ajfa-11810	174	9	the	the	DET
ajfa-11810	174	10	reit	reit	PROPN
ajfa-11810	174	11	complexity	complexity	PROPN
ajfa-11810	174	12	vector	vector	NOUN
ajfa-11810	174	13	to	to	PART
ajfa-11810	174	14	capture	capture	VERB
ajfa-11810	174	15	the	the	DET
ajfa-11810	174	16	complex	complex	ADJ
ajfa-11810	174	17	asset	asset	NOUN
ajfa-11810	174	18	types	type	NOUN
ajfa-11810	174	19	and/or	and/or	CCONJ
ajfa-11810	174	20	corporate	corporate	ADJ
ajfa-11810	174	21	structures	structure	NOUN
ajfa-11810	174	22	associated	associate	VERB
ajfa-11810	174	23	with	with	ADP
ajfa-11810	174	24	the	the	DET
ajfa-11810	174	25	reits	reit	NOUN
ajfa-11810	174	26	within	within	ADP
ajfa-11810	174	27	the	the	DET
ajfa-11810	174	28	sample	sample	NOUN
ajfa-11810	174	29	.	.	PUNCT
ajfa-11810	175	1	the	the	DET
ajfa-11810	175	2	variables	variable	NOUN
ajfa-11810	175	3	we	we	PRON
ajfa-11810	175	4	use	use	VERB
ajfa-11810	175	5	include	include	VERB
ajfa-11810	175	6	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	175	7	)	)	PUNCT
ajfa-11810	175	8	,	,	PUNCT
ajfa-11810	175	9	the	the	DET
ajfa-11810	175	10	natural	natural	ADJ
ajfa-11810	175	11	log	log	NOUN
ajfa-11810	175	12	of	of	ADP
ajfa-11810	175	13	the	the	DET
ajfa-11810	175	14	sum	sum	NOUN
ajfa-11810	175	15	of	of	ADP
ajfa-11810	175	16	one	one	NUM
ajfa-11810	175	17	and	and	CCONJ
ajfa-11810	175	18	the	the	DET
ajfa-11810	175	19	total	total	ADJ
ajfa-11810	175	20	number	number	NOUN
ajfa-11810	175	21	of	of	ADP
ajfa-11810	175	22	subsidiaries	subsidiary	NOUN
ajfa-11810	175	23	owned	own	VERB
ajfa-11810	175	24	or	or	CCONJ
ajfa-11810	175	25	controlled	control	VERB
ajfa-11810	175	26	by	by	ADP
ajfa-11810	175	27	the	the	DET
ajfa-11810	175	28	reit	reit	NOUN
ajfa-11810	175	29	;	;	PUNCT
ajfa-11810	175	30	(	(	PUNCT
ajfa-11810	175	31	note	note	NOUN
ajfa-11810	175	32	12	12	NUM
ajfa-11810	175	33	)	)	PUNCT
ajfa-11810	175	34	log(properties	log(propertie	NOUN
ajfa-11810	175	35	)	)	PUNCT
ajfa-11810	175	36	,	,	PUNCT
ajfa-11810	175	37	the	the	DET
ajfa-11810	175	38	natural	natural	ADJ
ajfa-11810	175	39	log	log	NOUN
ajfa-11810	175	40	of	of	ADP
ajfa-11810	175	41	the	the	DET
ajfa-11810	175	42	sum	sum	NOUN
ajfa-11810	175	43	of	of	ADP
ajfa-11810	175	44	one	one	NUM
ajfa-11810	175	45	and	and	CCONJ
ajfa-11810	175	46	the	the	DET
ajfa-11810	175	47	total	total	ADJ
ajfa-11810	175	48	number	number	NOUN
ajfa-11810	175	49	of	of	ADP
ajfa-11810	175	50	properties	property	NOUN
ajfa-11810	175	51	owned	own	VERB
ajfa-11810	175	52	or	or	CCONJ
ajfa-11810	175	53	controlled	control	VERB
ajfa-11810	175	54	by	by	ADP
ajfa-11810	175	55	the	the	DET
ajfa-11810	175	56	reit	reit	NOUN
ajfa-11810	175	57	or	or	CCONJ
ajfa-11810	175	58	one	one	NUM
ajfa-11810	175	59	of	of	ADP
ajfa-11810	175	60	its	its	PRON
ajfa-11810	175	61	subsidiaries;(note	subsidiaries;(note	NUM
ajfa-11810	175	62	13	13	NUM
ajfa-11810	175	63	)	)	PUNCT
ajfa-11810	175	64	foreign	foreign	NOUN
ajfa-11810	175	65	,	,	PUNCT
ajfa-11810	175	66	a	a	DET
ajfa-11810	175	67	dummy	dummy	ADJ
ajfa-11810	175	68	variable	variable	NOUN
ajfa-11810	175	69	taking	take	VERB
ajfa-11810	175	70	the	the	DET
ajfa-11810	175	71	value	value	NOUN
ajfa-11810	175	72	of	of	ADP
ajfa-11810	175	73	one	one	NUM
ajfa-11810	175	74	if	if	SCONJ
ajfa-11810	175	75	the	the	DET
ajfa-11810	175	76	reit	reit	NOUN
ajfa-11810	175	77	conducts	conduct	VERB
ajfa-11810	175	78	business	business	NOUN
ajfa-11810	175	79	outside	outside	ADP
ajfa-11810	175	80	of	of	ADP
ajfa-11810	175	81	the	the	DET
ajfa-11810	175	82	united	united	PROPN
ajfa-11810	175	83	states	states	PROPN
ajfa-11810	175	84	,	,	PUNCT
ajfa-11810	175	85	and	and	CCONJ
ajfa-11810	175	86	zero	zero	NUM
ajfa-11810	175	87	otherwise	otherwise	ADV
ajfa-11810	175	88	;	;	PUNCT
ajfa-11810	175	89	and	and	CCONJ
ajfa-11810	175	90	extra	extra	ADJ
ajfa-11810	175	91	/	/	SYM
ajfa-11810	175	92	disc	disc	NOUN
ajfa-11810	175	93	items	item	NOUN
ajfa-11810	175	94	,	,	PUNCT
ajfa-11810	175	95	a	a	DET
ajfa-11810	175	96	dummy	dummy	ADJ
ajfa-11810	175	97	variable	variable	NOUN
ajfa-11810	175	98	taking	take	VERB
ajfa-11810	175	99	the	the	DET
ajfa-11810	175	100	value	value	NOUN
ajfa-11810	175	101	of	of	ADP
ajfa-11810	175	102	one	one	NUM
ajfa-11810	175	103	if	if	SCONJ
ajfa-11810	175	104	the	the	DET
ajfa-11810	175	105	reit	reit	NOUN
ajfa-11810	175	106	has	have	VERB
ajfa-11810	175	107	extraordinary	extraordinary	ADJ
ajfa-11810	175	108	items	item	NOUN
ajfa-11810	175	109	or	or	CCONJ
ajfa-11810	175	110	discontinued	discontinue	VERB
ajfa-11810	175	111	operations	operation	NOUN
ajfa-11810	175	112	,	,	PUNCT
ajfa-11810	175	113	and	and	CCONJ
ajfa-11810	175	114	zero	zero	NUM
ajfa-11810	175	115	otherwise.within	otherwise.within	ADP
ajfa-11810	175	116	the	the	DET
ajfa-11810	175	117	sample	sample	NOUN
ajfa-11810	175	118	,	,	PUNCT
ajfa-11810	175	119	there	there	PRON
ajfa-11810	175	120	are	be	VERB
ajfa-11810	175	121	12	12	NUM
ajfa-11810	175	122	different	different	ADJ
ajfa-11810	175	123	equity	equity	NOUN
ajfa-11810	175	124	reits	reit	NOUN
ajfa-11810	175	125	and	and	CCONJ
ajfa-11810	175	126	2	2	NUM
ajfa-11810	175	127	different	different	ADJ
ajfa-11810	175	128	mortgage	mortgage	NOUN
ajfa-11810	175	129	reits	reit	NOUN
ajfa-11810	175	130	,	,	PUNCT
ajfa-11810	175	131	so	so	SCONJ
ajfa-11810	175	132	for	for	ADP
ajfa-11810	175	133	robustness	robustness	NOUN
ajfa-11810	175	134	,	,	PUNCT
ajfa-11810	175	135	we	we	PRON
ajfa-11810	175	136	also	also	ADV
ajfa-11810	175	137	use	use	VERB
ajfa-11810	175	138	dummy	dummy	ADJ
ajfa-11810	175	139	variables	variable	NOUN
ajfa-11810	175	140	to	to	PART
ajfa-11810	175	141	control	control	VERB
ajfa-11810	175	142	for	for	ADP
ajfa-11810	175	143	each	each	PRON
ajfa-11810	175	144	of	of	ADP
ajfa-11810	175	145	the	the	DET
ajfa-11810	175	146	different	different	ADJ
ajfa-11810	175	147	reit	reit	NOUN
ajfa-11810	175	148	-	-	PUNCT
ajfa-11810	175	149	types	type	NOUN
ajfa-11810	175	150	.	.	PUNCT
ajfa-11810	176	1	3.3.6	3.3.6	NUM
ajfa-11810	176	2	testable	testable	ADJ
ajfa-11810	176	3	equation	equation	NOUN
ajfa-11810	176	4	for	for	ADP
ajfa-11810	176	5	hypotheses	hypothesis	NOUN
ajfa-11810	176	6	1	1	NUM
ajfa-11810	176	7	-	-	SYM
ajfa-11810	176	8	3	3	NUM
ajfa-11810	176	9	to	to	PART
ajfa-11810	176	10	test	test	VERB
ajfa-11810	176	11	each	each	PRON
ajfa-11810	176	12	of	of	ADP
ajfa-11810	176	13	hypotheses	hypothesis	NOUN
ajfa-11810	176	14	1	1	NUM
ajfa-11810	176	15	-	-	SYM
ajfa-11810	176	16	3	3	NUM
ajfa-11810	176	17	,	,	PUNCT
ajfa-11810	176	18	we	we	PRON
ajfa-11810	176	19	conduct	conduct	VERB
ajfa-11810	176	20	four	four	NUM
ajfa-11810	176	21	separate	separate	ADJ
ajfa-11810	176	22	estimations	estimation	NOUN
ajfa-11810	176	23	.	.	PUNCT
ajfa-11810	177	1	in	in	ADP
ajfa-11810	177	2	the	the	DET
ajfa-11810	177	3	first	first	ADJ
ajfa-11810	177	4	three	three	NUM
ajfa-11810	177	5	estimations	estimation	NOUN
ajfa-11810	177	6	,	,	PUNCT
ajfa-11810	177	7	we	we	PRON
ajfa-11810	177	8	individually	individually	ADV
ajfa-11810	177	9	test	test	VERB
ajfa-11810	177	10	each	each	PRON
ajfa-11810	177	11	of	of	ADP
ajfa-11810	177	12	the	the	DET
ajfa-11810	177	13	audit	audit	NOUN
ajfa-11810	177	14	-	-	PUNCT
ajfa-11810	177	15	related	relate	VERB
ajfa-11810	177	16	attributes	attribute	NOUN
ajfa-11810	177	17	.	.	PUNCT
ajfa-11810	178	1	in	in	ADP
ajfa-11810	178	2	the	the	DET
ajfa-11810	178	3	fourth	fourth	ADJ
ajfa-11810	178	4	estimation	estimation	NOUN
ajfa-11810	178	5	,	,	PUNCT
ajfa-11810	178	6	we	we	PRON
ajfa-11810	178	7	combine	combine	VERB
ajfa-11810	178	8	all	all	DET
ajfa-11810	178	9	attributes	attribute	NOUN
ajfa-11810	178	10	together	together	ADV
ajfa-11810	178	11	.	.	PUNCT
ajfa-11810	179	1	we	we	PRON
ajfa-11810	179	2	do	do	VERB
ajfa-11810	179	3	this	this	PRON
ajfa-11810	179	4	to	to	PART
ajfa-11810	179	5	account	account	VERB
ajfa-11810	179	6	for	for	ADP
ajfa-11810	179	7	any	any	DET
ajfa-11810	179	8	potential	potential	ADJ
ajfa-11810	179	9	collinearity	collinearity	NOUN
ajfa-11810	179	10	problems	problem	NOUN
ajfa-11810	179	11	that	that	PRON
ajfa-11810	179	12	may	may	AUX
ajfa-11810	179	13	occur	occur	VERB
ajfa-11810	179	14	from	from	ADP
ajfa-11810	179	15	grouping	group	VERB
ajfa-11810	179	16	all	all	DET
ajfa-11810	179	17	variables	variable	NOUN
ajfa-11810	179	18	within	within	ADP
ajfa-11810	179	19	the	the	DET
ajfa-11810	179	20	same	same	ADJ
ajfa-11810	179	21	model	model	NOUN
ajfa-11810	179	22	.	.	PUNCT
ajfa-11810	180	1	again	again	ADV
ajfa-11810	180	2	,	,	PUNCT
ajfa-11810	180	3	using	use	VERB
ajfa-11810	180	4	data	datum	NOUN
ajfa-11810	180	5	from	from	ADP
ajfa-11810	180	6	all	all	DET
ajfa-11810	180	7	reits	reit	NOUN
ajfa-11810	180	8	during	during	ADP
ajfa-11810	180	9	the	the	DET
ajfa-11810	180	10	entire	entire	ADJ
ajfa-11810	180	11	sample	sample	NOUN
ajfa-11810	180	12	period	period	NOUN
ajfa-11810	180	13	,	,	PUNCT
ajfa-11810	180	14	the	the	DET
ajfa-11810	180	15	outcome	outcome	NOUN
ajfa-11810	180	16	of	of	ADP
ajfa-11810	180	17	interest	interest	NOUN
ajfa-11810	180	18	is	be	AUX
ajfa-11810	180	19	capital	capital	NOUN
ajfa-11810	180	20	investment	investment	NOUN
ajfa-11810	180	21	,	,	PUNCT
ajfa-11810	180	22	which	which	PRON
ajfa-11810	180	23	we	we	PRON
ajfa-11810	180	24	capture	capture	VERB
ajfa-11810	180	25	using	use	VERB
ajfa-11810	180	26	equity	equity	NOUN
ajfa-11810	180	27	,	,	PUNCT
ajfa-11810	180	28	debt	debt	NOUN
ajfa-11810	180	29	,	,	PUNCT
ajfa-11810	180	30	and	and	CCONJ
ajfa-11810	180	31	combined	combined	ADJ
ajfa-11810	180	32	equity	equity	NOUN
ajfa-11810	180	33	and	and	CCONJ
ajfa-11810	180	34	debt	debt	NOUN
ajfa-11810	180	35	investment	investment	NOUN
ajfa-11810	180	36	,	,	PUNCT
ajfa-11810	180	37	using	use	VERB
ajfa-11810	180	38	the	the	DET
ajfa-11810	180	39	testable	testable	ADJ
ajfa-11810	180	40	form	form	NOUN
ajfa-11810	180	41	of	of	ADP
ajfa-11810	180	42	equation	equation	NOUN
ajfa-11810	180	43	(	(	PUNCT
ajfa-11810	180	44	1	1	NUM
ajfa-11810	180	45	)	)	PUNCT
ajfa-11810	180	46	as	as	SCONJ
ajfa-11810	180	47	follows	follow	VERB
ajfa-11810	180	48	:	:	PUNCT
ajfa-11810	180	49	capital	capital	NOUN
ajfa-11810	180	50	investment	investment	NOUN
ajfa-11810	180	51	=	=	NOUN
ajfa-11810	180	52	β0+β1∙log(audit	β0+β1∙log(audit	NOUN
ajfa-11810	180	53	fees)+β2∙specialist	fees)+β2∙specialist	VERB
ajfa-11810	180	54	+	+	CCONJ
ajfa-11810	180	55	β3∙big	β3∙big	PROPN
ajfa-11810	180	56	4	4	NUM
ajfa-11810	180	57	auditor	auditor	NOUN
ajfa-11810	180	58	+	+	NOUN
ajfa-11810	180	59	β4∙bid	β4∙bid	NOUN
ajfa-11810	180	60	-	-	PUNCT
ajfa-11810	180	61	ask	ask	NOUN
ajfa-11810	180	62	spread	spread	VERB
ajfa-11810	180	63	+	+	CCONJ
ajfa-11810	180	64	β5∙log(intan	β5∙log(intan	ADJ
ajfa-11810	180	65	assets	asset	NOUN
ajfa-11810	180	66	)	)	PUNCT
ajfa-11810	181	1	+	+	CCONJ
ajfa-11810	181	2	β6∙book	β6∙book	NOUN
ajfa-11810	181	3	-	-	PUNCT
ajfa-11810	181	4	to	to	ADP
ajfa-11810	181	5	-	-	PUNCT
ajfa-11810	181	6	market	market	NOUN
ajfa-11810	181	7	+	+	CCONJ
ajfa-11810	181	8	β7∙return	β7∙return	NOUN
ajfa-11810	181	9	-	-	PUNCT
ajfa-11810	181	10	on	on	ADP
ajfa-11810	181	11	-	-	PUNCT
ajfa-11810	181	12	assets	asset	NOUN
ajfa-11810	181	13	+	+	NUM
ajfa-11810	181	14	β8∙leverage+β9∙initial+β10∙log(otherfees)+β11∙log(properties	β8∙leverage+β9∙initial+β10∙log(otherfees)+β11∙log(propertie	NOUN
ajfa-11810	181	15	)	)	PUNCT
ajfa-11810	181	16	+	+	CCONJ
ajfa-11810	181	17	β12∙log(subsidiaries	β12∙log(subsidiarie	NOUN
ajfa-11810	181	18	)	)	PUNCT
ajfa-11810	182	1	+	+	CCONJ
ajfa-11810	182	2	β13∙foreign	β13∙foreign	ADJ
ajfa-11810	182	3	+	+	CCONJ
ajfa-11810	182	4	β14∙extra	β14∙extra	ADJ
ajfa-11810	182	5	/	/	SYM
ajfa-11810	182	6	disc	disc	NOUN
ajfa-11810	182	7	items	item	NOUN
ajfa-11810	182	8	+	+	CCONJ
ajfa-11810	182	9	β15	β15	NUM
ajfa-11810	182	10	-	-	PUNCT
ajfa-11810	182	11	26∙reit	26∙reit	NOUN
ajfa-11810	182	12	type	type	NOUN
ajfa-11810	182	13	+	+	CCONJ
ajfa-11810	182	14	ε	ε	PROPN
ajfa-11810	182	15	.	.	PUNCT
ajfa-11810	183	1	(	(	PUNCT
ajfa-11810	183	2	2	2	NUM
ajfa-11810	183	3	)	)	PUNCT
ajfa-11810	183	4	3.3.7empirical	3.3.7empirical	ADJ
ajfa-11810	183	5	model	model	NOUN
ajfa-11810	183	6	–	–	PUNCT
ajfa-11810	183	7	part	part	NOUN
ajfa-11810	183	8	2	2	NUM
ajfa-11810	183	9	thus	thus	ADV
ajfa-11810	183	10	far	far	ADV
ajfa-11810	183	11	,	,	PUNCT
ajfa-11810	183	12	the	the	DET
ajfa-11810	183	13	research	research	NOUN
ajfa-11810	183	14	question	question	NOUN
ajfa-11810	183	15	examines	examine	VERB
ajfa-11810	183	16	the	the	DET
ajfa-11810	183	17	relationship	relationship	NOUN
ajfa-11810	183	18	between	between	ADP
ajfa-11810	183	19	reits	reit	NOUN
ajfa-11810	183	20	’	'	PUNCT
ajfa-11810	183	21	use	use	NOUN
ajfa-11810	183	22	of	of	ADP
ajfa-11810	183	23	the	the	DET
ajfa-11810	183	24	audit	audit	NOUN
ajfa-11810	183	25	process	process	NOUN
ajfa-11810	183	26	as	as	ADP
ajfa-11810	183	27	a	a	DET
ajfa-11810	183	28	means	means	NOUN
ajfa-11810	183	29	to	to	PART
ajfa-11810	183	30	convey	convey	VERB
ajfa-11810	183	31	increased	increase	VERB
ajfa-11810	183	32	financial	financial	ADJ
ajfa-11810	183	33	transparency	transparency	NOUN
ajfa-11810	183	34	and	and	CCONJ
ajfa-11810	183	35	access	access	NOUN
ajfa-11810	183	36	to	to	ADP
ajfa-11810	183	37	capital	capital	NOUN
ajfa-11810	183	38	investment	investment	NOUN
ajfa-11810	183	39	.	.	PUNCT
ajfa-11810	184	1	in	in	ADP
ajfa-11810	184	2	the	the	DET
ajfa-11810	184	3	second	second	ADJ
ajfa-11810	184	4	part	part	NOUN
ajfa-11810	184	5	of	of	ADP
ajfa-11810	184	6	the	the	DET
ajfa-11810	184	7	analysis	analysis	NOUN
ajfa-11810	184	8	,	,	PUNCT
ajfa-11810	184	9	we	we	PRON
ajfa-11810	184	10	consider	consider	VERB
ajfa-11810	184	11	the	the	DET
ajfa-11810	184	12	impact	impact	NOUN
ajfa-11810	184	13	of	of	ADP
ajfa-11810	184	14	the	the	DET
ajfa-11810	184	15	financial	financial	ADJ
ajfa-11810	184	16	crisis	crisis	NOUN
ajfa-11810	184	17	.	.	PUNCT
ajfa-11810	185	1	after	after	ADP
ajfa-11810	185	2	adding	add	VERB
ajfa-11810	185	3	a	a	DET
ajfa-11810	185	4	fifth	fifth	ADJ
ajfa-11810	185	5	vector	vector	NOUN
ajfa-11810	185	6	,	,	PUNCT
ajfa-11810	185	7	financial	financial	ADJ
ajfa-11810	185	8	crisis	crisis	NOUN
ajfa-11810	185	9	,	,	PUNCT
ajfa-11810	185	10	the	the	DET
ajfa-11810	185	11	extended	extended	ADJ
ajfa-11810	185	12	empirical	empirical	ADJ
ajfa-11810	185	13	model	model	NOUN
ajfa-11810	185	14	takes	take	VERB
ajfa-11810	185	15	the	the	DET
ajfa-11810	185	16	following	follow	VERB
ajfa-11810	185	17	form	form	NOUN
ajfa-11810	185	18	:	:	PUNCT
ajfa-11810	185	19	capital	capital	NOUN
ajfa-11810	185	20	investment	investment	NOUN
ajfa-11810	185	21	=	=	PUNCT
ajfa-11810	185	22	ᶂ	ᶂ	X
ajfa-11810	185	23	{	{	PUNCT
ajfa-11810	185	24	transparency	transparency	NOUN
ajfa-11810	185	25	,	,	PUNCT
ajfa-11810	185	26	firm	firm	ADJ
ajfa-11810	185	27	characteristics	characteristic	NOUN
ajfa-11810	185	28	,	,	PUNCT
ajfa-11810	185	29	auditor	auditor	NOUN
ajfa-11810	185	30	relationship	relationship	NOUN
ajfa-11810	185	31	,	,	PUNCT
ajfa-11810	185	32	reit	reit	NOUN
ajfa-11810	185	33	complexity	complexity	NOUN
ajfa-11810	185	34	,	,	PUNCT
ajfa-11810	185	35	financial	financial	ADJ
ajfa-11810	185	36	crisis	crisis	NOUN
ajfa-11810	185	37	}	}	PUNCT
ajfa-11810	185	38	.	.	PUNCT
ajfa-11810	186	1	(	(	PUNCT
ajfa-11810	186	2	3	3	X
ajfa-11810	186	3	)	)	PUNCT
ajfa-11810	186	4	asian	asian	ADJ
ajfa-11810	186	5	journal	journal	NOUN
ajfa-11810	186	6	of	of	ADP
ajfa-11810	186	7	finance	finance	PROPN
ajfa-11810	186	8	&	&	CCONJ
ajfa-11810	186	9	accounting	accounting	PROPN
ajfa-11810	186	10	issn	issn	PROPN
ajfa-11810	186	11	1946	1946	NUM
ajfa-11810	186	12	-	-	PUNCT
ajfa-11810	186	13	052x	052x	NOUN
ajfa-11810	186	14	2018	2018	NUM
ajfa-11810	186	15	,	,	PUNCT
ajfa-11810	186	16	vol	vol	NOUN
ajfa-11810	186	17	.	.	PROPN
ajfa-11810	186	18	10	10	NUM
ajfa-11810	186	19	,	,	PUNCT
ajfa-11810	186	20	no	no	INTJ
ajfa-11810	186	21	.	.	NOUN
ajfa-11810	186	22	1	1	NUM
ajfa-11810	186	23	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	186	24	95	95	NUM
ajfa-11810	186	25	3.3.8	3.3.8	NUM
ajfa-11810	186	26	financial	financial	ADJ
ajfa-11810	186	27	crisis	crisis	NOUN
ajfa-11810	186	28	vector	vector	NOUN
ajfa-11810	186	29	using	use	VERB
ajfa-11810	186	30	the	the	DET
ajfa-11810	186	31	model	model	NOUN
ajfa-11810	186	32	shown	show	VERB
ajfa-11810	186	33	in	in	ADP
ajfa-11810	186	34	the	the	DET
ajfa-11810	186	35	form	form	NOUN
ajfa-11810	186	36	of	of	ADP
ajfa-11810	186	37	equation	equation	NOUN
ajfa-11810	186	38	(	(	PUNCT
ajfa-11810	186	39	2	2	NUM
ajfa-11810	186	40	)	)	PUNCT
ajfa-11810	186	41	,	,	PUNCT
ajfa-11810	186	42	we	we	PRON
ajfa-11810	186	43	add	add	VERB
ajfa-11810	186	44	additional	additional	ADJ
ajfa-11810	186	45	variables	variable	NOUN
ajfa-11810	186	46	within	within	ADP
ajfa-11810	186	47	the	the	DET
ajfa-11810	186	48	financial	financial	ADJ
ajfa-11810	186	49	crisis	crisis	NOUN
ajfa-11810	186	50	vector	vector	NOUN
ajfa-11810	186	51	to	to	PART
ajfa-11810	186	52	investigate	investigate	VERB
ajfa-11810	186	53	the	the	DET
ajfa-11810	186	54	interactive	interactive	ADJ
ajfa-11810	186	55	effects	effect	NOUN
ajfa-11810	186	56	between	between	ADP
ajfa-11810	186	57	the	the	DET
ajfa-11810	186	58	crisis	crisis	NOUN
ajfa-11810	186	59	and	and	CCONJ
ajfa-11810	186	60	each	each	PRON
ajfa-11810	186	61	of	of	ADP
ajfa-11810	186	62	the	the	DET
ajfa-11810	186	63	audit	audit	NOUN
ajfa-11810	186	64	-	-	PUNCT
ajfa-11810	186	65	related	relate	VERB
ajfa-11810	186	66	attributes	attribute	NOUN
ajfa-11810	186	67	.	.	PUNCT
ajfa-11810	187	1	the	the	DET
ajfa-11810	187	2	first	first	ADJ
ajfa-11810	187	3	variable	variable	NOUN
ajfa-11810	187	4	added	add	VERB
ajfa-11810	187	5	is	be	AUX
ajfa-11810	187	6	crisis	crisis	NOUN
ajfa-11810	187	7	,	,	PUNCT
ajfa-11810	187	8	a	a	DET
ajfa-11810	187	9	dummy	dummy	ADJ
ajfa-11810	187	10	variable	variable	NOUN
ajfa-11810	187	11	that	that	PRON
ajfa-11810	187	12	takes	take	VERB
ajfa-11810	187	13	the	the	DET
ajfa-11810	187	14	value	value	NOUN
ajfa-11810	187	15	of	of	ADP
ajfa-11810	187	16	one	one	NUM
ajfa-11810	187	17	for	for	ADP
ajfa-11810	187	18	the	the	DET
ajfa-11810	187	19	period	period	NOUN
ajfa-11810	187	20	2008	2008	NUM
ajfa-11810	187	21	-	-	SYM
ajfa-11810	187	22	2011	2011	NUM
ajfa-11810	187	23	,	,	PUNCT
ajfa-11810	187	24	and	and	CCONJ
ajfa-11810	187	25	zero	zero	NUM
ajfa-11810	187	26	for	for	ADP
ajfa-11810	187	27	the	the	DET
ajfa-11810	187	28	period	period	NOUN
ajfa-11810	187	29	2002	2002	NUM
ajfa-11810	187	30	-	-	SYM
ajfa-11810	187	31	2007	2007	NUM
ajfa-11810	187	32	.	.	PUNCT
ajfa-11810	188	1	we	we	PRON
ajfa-11810	188	2	also	also	ADV
ajfa-11810	188	3	add	add	VERB
ajfa-11810	188	4	three	three	NUM
ajfa-11810	188	5	interaction	interaction	NOUN
ajfa-11810	188	6	terms	term	NOUN
ajfa-11810	188	7	.	.	PUNCT
ajfa-11810	189	1	first	first	ADV
ajfa-11810	189	2	,	,	PUNCT
ajfa-11810	189	3	we	we	PRON
ajfa-11810	189	4	use	use	VERB
ajfa-11810	189	5	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	189	6	fees	fee	NOUN
ajfa-11810	189	7	)	)	PUNCT
ajfa-11810	189	8	,	,	PUNCT
ajfa-11810	189	9	which	which	PRON
ajfa-11810	189	10	captures	capture	VERB
ajfa-11810	189	11	the	the	DET
ajfa-11810	189	12	interaction	interaction	NOUN
ajfa-11810	189	13	between	between	ADP
ajfa-11810	189	14	crisis	crisis	NOUN
ajfa-11810	189	15	and	and	CCONJ
ajfa-11810	189	16	log(audit	log(audit	NOUN
ajfa-11810	189	17	fees	fee	NOUN
ajfa-11810	189	18	)	)	PUNCT
ajfa-11810	189	19	,	,	PUNCT
ajfa-11810	189	20	to	to	PART
ajfa-11810	189	21	measure	measure	VERB
ajfa-11810	189	22	whether	whether	SCONJ
ajfa-11810	189	23	or	or	CCONJ
ajfa-11810	189	24	not	not	PART
ajfa-11810	189	25	the	the	DET
ajfa-11810	189	26	relationship	relationship	NOUN
ajfa-11810	189	27	between	between	ADP
ajfa-11810	189	28	audit	audit	NOUN
ajfa-11810	189	29	fees	fee	NOUN
ajfa-11810	189	30	and	and	CCONJ
ajfa-11810	189	31	capital	capital	NOUN
ajfa-11810	189	32	investment	investment	NOUN
ajfa-11810	189	33	is	be	AUX
ajfa-11810	189	34	affected	affect	VERB
ajfa-11810	189	35	by	by	ADP
ajfa-11810	189	36	the	the	DET
ajfa-11810	189	37	financial	financial	ADJ
ajfa-11810	189	38	crisis	crisis	NOUN
ajfa-11810	189	39	.	.	PUNCT
ajfa-11810	190	1	second	second	ADJ
ajfa-11810	190	2	,	,	PUNCT
ajfa-11810	190	3	we	we	PRON
ajfa-11810	190	4	use	use	VERB
ajfa-11810	190	5	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	190	6	,	,	PUNCT
ajfa-11810	190	7	which	which	PRON
ajfa-11810	190	8	captures	capture	VERB
ajfa-11810	190	9	the	the	DET
ajfa-11810	190	10	interaction	interaction	NOUN
ajfa-11810	190	11	between	between	ADP
ajfa-11810	190	12	crisis	crisis	NOUN
ajfa-11810	190	13	and	and	CCONJ
ajfa-11810	190	14	specialist	specialist	NOUN
ajfa-11810	190	15	,	,	PUNCT
ajfa-11810	190	16	to	to	PART
ajfa-11810	190	17	measure	measure	VERB
ajfa-11810	190	18	whether	whether	SCONJ
ajfa-11810	190	19	or	or	CCONJ
ajfa-11810	190	20	not	not	PART
ajfa-11810	190	21	the	the	DET
ajfa-11810	190	22	relationship	relationship	NOUN
ajfa-11810	190	23	between	between	ADP
ajfa-11810	190	24	industry	industry	NOUN
ajfa-11810	190	25	-	-	PUNCT
ajfa-11810	190	26	audit	audit	NOUN
ajfa-11810	190	27	specialist	specialist	NOUN
ajfa-11810	190	28	and	and	CCONJ
ajfa-11810	190	29	capital	capital	NOUN
ajfa-11810	190	30	investment	investment	NOUN
ajfa-11810	190	31	is	be	AUX
ajfa-11810	190	32	affected	affect	VERB
ajfa-11810	190	33	by	by	ADP
ajfa-11810	190	34	the	the	DET
ajfa-11810	190	35	financial	financial	ADJ
ajfa-11810	190	36	crisis	crisis	NOUN
ajfa-11810	190	37	.	.	PUNCT
ajfa-11810	191	1	third	third	ADJ
ajfa-11810	191	2	,	,	PUNCT
ajfa-11810	191	3	we	we	PRON
ajfa-11810	191	4	use	use	VERB
ajfa-11810	191	5	crisis*big	crisis*big	ADJ
ajfa-11810	191	6	4	4	NUM
ajfa-11810	191	7	auditor	auditor	NOUN
ajfa-11810	191	8	,	,	PUNCT
ajfa-11810	191	9	which	which	PRON
ajfa-11810	191	10	captures	capture	VERB
ajfa-11810	191	11	the	the	DET
ajfa-11810	191	12	interaction	interaction	NOUN
ajfa-11810	191	13	between	between	ADP
ajfa-11810	191	14	crisis	crisis	NOUN
ajfa-11810	191	15	and	and	CCONJ
ajfa-11810	191	16	big	big	ADJ
ajfa-11810	191	17	4	4	NUM
ajfa-11810	191	18	auditor	auditor	NOUN
ajfa-11810	191	19	,	,	PUNCT
ajfa-11810	191	20	to	to	PART
ajfa-11810	191	21	measure	measure	VERB
ajfa-11810	191	22	whether	whether	SCONJ
ajfa-11810	191	23	or	or	CCONJ
ajfa-11810	191	24	not	not	PART
ajfa-11810	191	25	the	the	DET
ajfa-11810	191	26	relationship	relationship	NOUN
ajfa-11810	191	27	between	between	ADP
ajfa-11810	191	28	big	big	ADJ
ajfa-11810	191	29	4	4	NUM
ajfa-11810	191	30	auditor	auditor	NOUN
ajfa-11810	191	31	and	and	CCONJ
ajfa-11810	191	32	capital	capital	NOUN
ajfa-11810	191	33	investment	investment	NOUN
ajfa-11810	191	34	is	be	AUX
ajfa-11810	191	35	affected	affect	VERB
ajfa-11810	191	36	by	by	ADP
ajfa-11810	191	37	the	the	DET
ajfa-11810	191	38	financial	financial	ADJ
ajfa-11810	191	39	crisis	crisis	NOUN
ajfa-11810	191	40	.	.	PUNCT
ajfa-11810	192	1	the	the	DET
ajfa-11810	192	2	testable	testable	ADJ
ajfa-11810	192	3	form	form	NOUN
ajfa-11810	192	4	of	of	ADP
ajfa-11810	192	5	equation	equation	NOUN
ajfa-11810	192	6	(	(	PUNCT
ajfa-11810	192	7	3	3	X
ajfa-11810	192	8	)	)	PUNCT
ajfa-11810	192	9	is	be	AUX
ajfa-11810	192	10	as	as	SCONJ
ajfa-11810	192	11	follows	follow	VERB
ajfa-11810	192	12	:	:	PUNCT
ajfa-11810	192	13	capital	capital	NOUN
ajfa-11810	192	14	investment	investment	NOUN
ajfa-11810	192	15	=	=	PUNCT
ajfa-11810	193	1	β0	β0	PROPN
ajfa-11810	193	2	+	+	CCONJ
ajfa-11810	193	3	β1∙crisis	β1∙crisis	PUNCT
ajfa-11810	194	1	+	+	CCONJ
ajfa-11810	194	2	β2∙log(audit	β2∙log(audit	NOUN
ajfa-11810	194	3	fees	fee	NOUN
ajfa-11810	194	4	)	)	PUNCT
ajfa-11810	195	1	+	+	NUM
ajfa-11810	195	2	β3∙crisis*log(audit	β3∙crisis*log(audit	NOUN
ajfa-11810	195	3	fees	fee	NOUN
ajfa-11810	195	4	)	)	PUNCT
ajfa-11810	196	1	+	+	CCONJ
ajfa-11810	196	2	β4∙specialist	β4∙specialist	SYM
ajfa-11810	197	1	+	+	NUM
ajfa-11810	197	2	β5∙crisis*specialist	β5∙crisis*specialist	ADJ
ajfa-11810	197	3	+	+	CCONJ
ajfa-11810	197	4	β6∙big	β6∙big	SYM
ajfa-11810	197	5	4	4	NUM
ajfa-11810	197	6	auditor	auditor	NOUN
ajfa-11810	197	7	+	+	CCONJ
ajfa-11810	197	8	β7∙crisis*big	β7∙crisis*big	ADJ
ajfa-11810	197	9	4	4	NUM
ajfa-11810	197	10	auditor	auditor	NOUN
ajfa-11810	197	11	+	+	CCONJ
ajfa-11810	197	12	β8∙bid	β8∙bid	NOUN
ajfa-11810	197	13	-	-	PUNCT
ajfa-11810	197	14	ask	ask	NOUN
ajfa-11810	197	15	spread	spread	VERB
ajfa-11810	197	16	+	+	CCONJ
ajfa-11810	197	17	β9∙log(intan	β9∙log(intan	ADJ
ajfa-11810	197	18	assets	asset	NOUN
ajfa-11810	197	19	)	)	PUNCT
ajfa-11810	198	1	+	+	CCONJ
ajfa-11810	198	2	β10∙book	β10∙book	ADJ
ajfa-11810	198	3	-	-	PUNCT
ajfa-11810	198	4	to	to	ADP
ajfa-11810	198	5	-	-	PUNCT
ajfa-11810	198	6	market	market	NOUN
ajfa-11810	198	7	+	+	CCONJ
ajfa-11810	198	8	β11∙return	β11∙return	NOUN
ajfa-11810	198	9	-	-	PUNCT
ajfa-11810	198	10	on	on	ADP
ajfa-11810	198	11	-	-	PUNCT
ajfa-11810	198	12	assets	asset	NOUN
ajfa-11810	198	13	+	+	CCONJ
ajfa-11810	198	14	β12∙leverage	β12∙leverage	NOUN
ajfa-11810	198	15	+	+	CCONJ
ajfa-11810	198	16	β13∙initial	β13∙initial	ADJ
ajfa-11810	198	17	+	+	CCONJ
ajfa-11810	198	18	β14∙log(other	β14∙log(other	ADJ
ajfa-11810	198	19	fees	fee	NOUN
ajfa-11810	198	20	)	)	PUNCT
ajfa-11810	199	1	+	+	CCONJ
ajfa-11810	199	2	β15∙log(properties	β15∙log(propertie	NOUN
ajfa-11810	199	3	)	)	PUNCT
ajfa-11810	199	4	+	+	CCONJ
ajfa-11810	199	5	β16∙log(subsidiaries	β16∙log(subsidiarie	NOUN
ajfa-11810	199	6	)	)	PUNCT
ajfa-11810	199	7	+	+	CCONJ
ajfa-11810	199	8	β17∙foreign+	β17∙foreign+	NOUN
ajfa-11810	199	9	β18∙extra	β18∙extra	ADJ
ajfa-11810	199	10	/	/	SYM
ajfa-11810	199	11	disc	disc	NOUN
ajfa-11810	199	12	items	item	NOUN
ajfa-11810	199	13	+	+	CCONJ
ajfa-11810	199	14	β19	β19	NUM
ajfa-11810	199	15	-	-	PUNCT
ajfa-11810	199	16	30∙reit	30∙reit	NUM
ajfa-11810	199	17	type	type	NOUN
ajfa-11810	199	18	+	+	CCONJ
ajfa-11810	199	19	ε	ε	PROPN
ajfa-11810	199	20	.	.	PUNCT
ajfa-11810	199	21	(	(	PUNCT
ajfa-11810	199	22	4	4	X
ajfa-11810	199	23	)	)	PUNCT
ajfa-11810	199	24	we	we	PRON
ajfa-11810	199	25	test	test	VERB
ajfa-11810	199	26	each	each	DET
ajfa-11810	199	27	hypothesis	hypothesis	NOUN
ajfa-11810	199	28	using	use	VERB
ajfa-11810	199	29	robust	robust	ADJ
ajfa-11810	199	30	regression	regression	NOUN
ajfa-11810	199	31	estimations	estimation	NOUN
ajfa-11810	199	32	.	.	PUNCT
ajfa-11810	200	1	we	we	PRON
ajfa-11810	200	2	also	also	ADV
ajfa-11810	200	3	account	account	VERB
ajfa-11810	200	4	for	for	ADP
ajfa-11810	200	5	the	the	DET
ajfa-11810	200	6	possibility	possibility	NOUN
ajfa-11810	200	7	of	of	ADP
ajfa-11810	200	8	any	any	DET
ajfa-11810	200	9	firmor	firmor	ADJ
ajfa-11810	200	10	time	time	NOUN
ajfa-11810	200	11	-	-	PUNCT
ajfa-11810	200	12	related	relate	VERB
ajfa-11810	200	13	invariant	invariant	ADJ
ajfa-11810	200	14	characteristics	characteristic	NOUN
ajfa-11810	200	15	affecting	affect	VERB
ajfa-11810	200	16	the	the	DET
ajfa-11810	200	17	reits	reit	NOUN
ajfa-11810	200	18	within	within	ADP
ajfa-11810	200	19	the	the	DET
ajfa-11810	200	20	sample	sample	NOUN
ajfa-11810	200	21	.	.	PUNCT
ajfa-11810	201	1	for	for	ADP
ajfa-11810	201	2	example	example	NOUN
ajfa-11810	201	3	,	,	PUNCT
ajfa-11810	201	4	a	a	DET
ajfa-11810	201	5	diversified	diversified	ADJ
ajfa-11810	201	6	reit	reit	NOUN
ajfa-11810	201	7	that	that	PRON
ajfa-11810	201	8	invests	invest	VERB
ajfa-11810	201	9	in	in	ADP
ajfa-11810	201	10	different	different	ADJ
ajfa-11810	201	11	types	type	NOUN
ajfa-11810	201	12	of	of	ADP
ajfa-11810	201	13	properties	property	NOUN
ajfa-11810	201	14	,	,	PUNCT
ajfa-11810	201	15	such	such	ADJ
ajfa-11810	201	16	as	as	ADP
ajfa-11810	201	17	regional	regional	ADJ
ajfa-11810	201	18	shopping	shopping	NOUN
ajfa-11810	201	19	malls	mall	NOUN
ajfa-11810	201	20	,	,	PUNCT
ajfa-11810	201	21	office	office	NOUN
ajfa-11810	201	22	properties	property	NOUN
ajfa-11810	201	23	,	,	PUNCT
ajfa-11810	201	24	or	or	CCONJ
ajfa-11810	201	25	timberland	timberland	NOUN
ajfa-11810	201	26	,	,	PUNCT
ajfa-11810	201	27	may	may	AUX
ajfa-11810	201	28	have	have	VERB
ajfa-11810	201	29	entirely	entirely	ADV
ajfa-11810	201	30	different	different	ADJ
ajfa-11810	201	31	factors	factor	NOUN
ajfa-11810	201	32	affecting	affect	VERB
ajfa-11810	201	33	their	their	PRON
ajfa-11810	201	34	abilities	ability	NOUN
ajfa-11810	201	35	to	to	PART
ajfa-11810	201	36	raise	raise	VERB
ajfa-11810	201	37	capital	capital	NOUN
ajfa-11810	201	38	,	,	PUNCT
ajfa-11810	201	39	than	than	ADP
ajfa-11810	201	40	for	for	ADP
ajfa-11810	201	41	example	example	NOUN
ajfa-11810	201	42	,	,	PUNCT
ajfa-11810	201	43	a	a	DET
ajfa-11810	201	44	reit	reit	NOUN
ajfa-11810	201	45	that	that	PRON
ajfa-11810	201	46	only	only	ADV
ajfa-11810	201	47	invests	invest	NOUN
ajfa-11810	201	48	in	in	ADP
ajfa-11810	201	49	one	one	NUM
ajfa-11810	201	50	type	type	NOUN
ajfa-11810	201	51	of	of	ADP
ajfa-11810	201	52	property	property	NOUN
ajfa-11810	201	53	.	.	PUNCT
ajfa-11810	202	1	likewise	likewise	ADV
ajfa-11810	202	2	,	,	PUNCT
ajfa-11810	202	3	as	as	SCONJ
ajfa-11810	202	4	business	business	NOUN
ajfa-11810	202	5	cycles	cycle	NOUN
ajfa-11810	202	6	change	change	VERB
ajfa-11810	202	7	over	over	ADP
ajfa-11810	202	8	time	time	NOUN
ajfa-11810	202	9	,	,	PUNCT
ajfa-11810	202	10	it	it	PRON
ajfa-11810	202	11	is	be	AUX
ajfa-11810	202	12	possible	possible	ADJ
ajfa-11810	202	13	that	that	SCONJ
ajfa-11810	202	14	a	a	DET
ajfa-11810	202	15	reit	reit	NOUN
ajfa-11810	202	16	that	that	PRON
ajfa-11810	202	17	invests	invest	VERB
ajfa-11810	202	18	strictly	strictly	ADV
ajfa-11810	202	19	in	in	ADP
ajfa-11810	202	20	one	one	NUM
ajfa-11810	202	21	property	property	NOUN
ajfa-11810	202	22	type	type	NOUN
ajfa-11810	202	23	,	,	PUNCT
ajfa-11810	202	24	for	for	ADP
ajfa-11810	202	25	example	example	NOUN
ajfa-11810	202	26	retail	retail	ADJ
ajfa-11810	202	27	properties	property	NOUN
ajfa-11810	202	28	,	,	PUNCT
ajfa-11810	202	29	may	may	AUX
ajfa-11810	202	30	experience	experience	VERB
ajfa-11810	202	31	different	different	ADJ
ajfa-11810	202	32	investor	investor	NOUN
ajfa-11810	202	33	responses	response	NOUN
ajfa-11810	202	34	when	when	SCONJ
ajfa-11810	202	35	seeking	seek	VERB
ajfa-11810	202	36	equity	equity	NOUN
ajfa-11810	202	37	as	as	SCONJ
ajfa-11810	202	38	opposed	oppose	VERB
ajfa-11810	202	39	to	to	ADP
ajfa-11810	202	40	another	another	DET
ajfa-11810	202	41	type	type	NOUN
ajfa-11810	202	42	of	of	ADP
ajfa-11810	202	43	reit	reit	NOUN
ajfa-11810	202	44	.	.	PUNCT
ajfa-11810	203	1	this	this	PRON
ajfa-11810	203	2	may	may	AUX
ajfa-11810	203	3	be	be	AUX
ajfa-11810	203	4	due	due	ADJ
ajfa-11810	203	5	to	to	ADP
ajfa-11810	203	6	one	one	NUM
ajfa-11810	203	7	particular	particular	ADJ
ajfa-11810	203	8	property	property	NOUN
ajfa-11810	203	9	sector	sector	NOUN
ajfa-11810	203	10	falling	fall	VERB
ajfa-11810	203	11	out	out	ADP
ajfa-11810	203	12	of	of	ADP
ajfa-11810	203	13	favor	favor	NOUN
ajfa-11810	203	14	as	as	ADP
ajfa-11810	203	15	an	an	DET
ajfa-11810	203	16	investment	investment	NOUN
ajfa-11810	203	17	,	,	PUNCT
ajfa-11810	203	18	or	or	CCONJ
ajfa-11810	203	19	having	have	VERB
ajfa-11810	203	20	trouble	trouble	NOUN
ajfa-11810	203	21	at	at	ADP
ajfa-11810	203	22	one	one	NUM
ajfa-11810	203	23	point	point	NOUN
ajfa-11810	203	24	in	in	ADP
ajfa-11810	203	25	time	time	NOUN
ajfa-11810	203	26	versus	versus	ADP
ajfa-11810	203	27	other	other	ADJ
ajfa-11810	203	28	types	type	NOUN
ajfa-11810	203	29	of	of	ADP
ajfa-11810	203	30	reits	reit	NOUN
ajfa-11810	203	31	in	in	ADP
ajfa-11810	203	32	the	the	DET
ajfa-11810	203	33	same	same	ADJ
ajfa-11810	203	34	period	period	NOUN
ajfa-11810	203	35	.	.	PUNCT
ajfa-11810	204	1	therefore	therefore	ADV
ajfa-11810	204	2	,	,	PUNCT
ajfa-11810	204	3	in	in	ADP
ajfa-11810	204	4	addition	addition	NOUN
ajfa-11810	204	5	to	to	ADP
ajfa-11810	204	6	using	use	VERB
ajfa-11810	204	7	dummy	dummy	ADJ
ajfa-11810	204	8	variables	variable	NOUN
ajfa-11810	204	9	for	for	ADP
ajfa-11810	204	10	each	each	DET
ajfa-11810	204	11	firm	firm	ADJ
ajfa-11810	204	12	year	year	NOUN
ajfa-11810	204	13	to	to	PART
ajfa-11810	204	14	account	account	VERB
ajfa-11810	204	15	for	for	ADP
ajfa-11810	204	16	changes	change	NOUN
ajfa-11810	204	17	over	over	ADP
ajfa-11810	204	18	time	time	NOUN
ajfa-11810	204	19	,	,	PUNCT
ajfa-11810	204	20	we	we	PRON
ajfa-11810	204	21	also	also	ADV
ajfa-11810	204	22	use	use	VERB
ajfa-11810	204	23	dummies	dummy	NOUN
ajfa-11810	204	24	to	to	PART
ajfa-11810	204	25	control	control	VERB
ajfa-11810	204	26	for	for	ADP
ajfa-11810	204	27	the	the	DET
ajfa-11810	204	28	different	different	ADJ
ajfa-11810	204	29	types	type	NOUN
ajfa-11810	204	30	of	of	ADP
ajfa-11810	204	31	reits	reit	NOUN
ajfa-11810	204	32	within	within	ADP
ajfa-11810	204	33	the	the	DET
ajfa-11810	204	34	sample	sample	NOUN
ajfa-11810	204	35	.	.	PUNCT
ajfa-11810	205	1	4	4	X
ajfa-11810	205	2	.	.	NOUN
ajfa-11810	205	3	results	result	NOUN
ajfa-11810	205	4	and	and	CCONJ
ajfa-11810	205	5	discussion	discussion	NOUN
ajfa-11810	205	6	4.1	4.1	NUM
ajfa-11810	205	7	descriptive	descriptive	ADJ
ajfa-11810	205	8	statistics	statistic	NOUN
ajfa-11810	205	9	table	table	NOUN
ajfa-11810	205	10	3	3	NUM
ajfa-11810	205	11	referenced	reference	VERB
ajfa-11810	205	12	above	above	ADV
ajfa-11810	205	13	shows	show	VERB
ajfa-11810	205	14	that	that	SCONJ
ajfa-11810	205	15	on	on	ADP
ajfa-11810	205	16	average	average	ADJ
ajfa-11810	205	17	,	,	PUNCT
ajfa-11810	205	18	reits	reit	NOUN
ajfa-11810	205	19	issue	issue	VERB
ajfa-11810	205	20	$	$	SYM
ajfa-11810	205	21	133	133	NUM
ajfa-11810	205	22	million	million	NUM
ajfa-11810	205	23	in	in	ADP
ajfa-11810	205	24	equity	equity	NOUN
ajfa-11810	205	25	and	and	CCONJ
ajfa-11810	205	26	$	$	SYM
ajfa-11810	205	27	2,465	2,465	NUM
ajfa-11810	205	28	million	million	NUM
ajfa-11810	205	29	in	in	ADP
ajfa-11810	205	30	debt	debt	NOUN
ajfa-11810	205	31	annually	annually	ADV
ajfa-11810	205	32	,	,	PUNCT
ajfa-11810	205	33	for	for	ADP
ajfa-11810	205	34	a	a	DET
ajfa-11810	205	35	combined	combine	VERB
ajfa-11810	205	36	annual	annual	ADJ
ajfa-11810	205	37	total	total	NOUN
ajfa-11810	205	38	of	of	ADP
ajfa-11810	205	39	$	$	SYM
ajfa-11810	205	40	2,598	2,598	NUM
ajfa-11810	205	41	million	million	NUM
ajfa-11810	205	42	.	.	PUNCT
ajfa-11810	206	1	audit	audit	NOUN
ajfa-11810	206	2	fees	fee	NOUN
ajfa-11810	206	3	and	and	CCONJ
ajfa-11810	206	4	non	non	ADJ
ajfa-11810	206	5	-	-	ADJ
ajfa-11810	206	6	audit	audit	ADJ
ajfa-11810	206	7	fees	fee	NOUN
ajfa-11810	206	8	average	average	VERB
ajfa-11810	206	9	$	$	SYM
ajfa-11810	206	10	895,938	895,938	NUM
ajfa-11810	206	11	thousand	thousand	NUM
ajfa-11810	206	12	and	and	CCONJ
ajfa-11810	206	13	$	$	SYM
ajfa-11810	206	14	420,018	420,018	NUM
ajfa-11810	206	15	thousand	thousand	NUM
ajfa-11810	206	16	,	,	PUNCT
ajfa-11810	206	17	respectively	respectively	ADV
ajfa-11810	206	18	.	.	PUNCT
ajfa-11810	207	1	reits	reit	NOUN
ajfa-11810	207	2	in	in	ADP
ajfa-11810	207	3	the	the	DET
ajfa-11810	207	4	sample	sample	NOUN
ajfa-11810	207	5	own	own	VERB
ajfa-11810	207	6	an	an	DET
ajfa-11810	207	7	average	average	NOUN
ajfa-11810	207	8	of	of	ADP
ajfa-11810	207	9	246	246	NUM
ajfa-11810	207	10	properties	property	NOUN
ajfa-11810	207	11	,	,	PUNCT
ajfa-11810	207	12	and	and	CCONJ
ajfa-11810	207	13	have	have	VERB
ajfa-11810	207	14	137	137	NUM
ajfa-11810	207	15	subsidiaries	subsidiary	NOUN
ajfa-11810	207	16	.	.	PUNCT
ajfa-11810	208	1	table	table	NOUN
ajfa-11810	208	2	5	5	NUM
ajfa-11810	208	3	below	below	ADP
ajfa-11810	208	4	presents	present	VERB
ajfa-11810	208	5	descriptive	descriptive	ADJ
ajfa-11810	208	6	statistics	statistic	NOUN
ajfa-11810	208	7	for	for	ADP
ajfa-11810	208	8	all	all	DET
ajfa-11810	208	9	variables	variable	NOUN
ajfa-11810	208	10	that	that	SCONJ
ajfa-11810	208	11	we	we	PRON
ajfa-11810	208	12	use	use	VERB
ajfa-11810	208	13	in	in	ADP
ajfa-11810	208	14	the	the	DET
ajfa-11810	208	15	regression	regression	NOUN
ajfa-11810	208	16	analyses	analysis	NOUN
ajfa-11810	208	17	.	.	PUNCT
ajfa-11810	209	1	more	more	ADJ
ajfa-11810	209	2	than	than	ADP
ajfa-11810	209	3	a	a	DET
ajfa-11810	209	4	third	third	NOUN
ajfa-11810	209	5	of	of	ADP
ajfa-11810	209	6	the	the	DET
ajfa-11810	209	7	firms	firm	NOUN
ajfa-11810	209	8	in	in	ADP
ajfa-11810	209	9	the	the	DET
ajfa-11810	209	10	sample	sample	NOUN
ajfa-11810	209	11	use	use	VERB
ajfa-11810	209	12	a	a	DET
ajfa-11810	209	13	reit	reit	NOUN
ajfa-11810	209	14	industry	industry	NOUN
ajfa-11810	209	15	-	-	PUNCT
ajfa-11810	209	16	audit	audit	NOUN
ajfa-11810	209	17	specialist	specialist	NOUN
ajfa-11810	209	18	,	,	PUNCT
ajfa-11810	209	19	nearly	nearly	ADV
ajfa-11810	209	20	all	all	PRON
ajfa-11810	209	21	use	use	VERB
ajfa-11810	209	22	a	a	DET
ajfa-11810	209	23	big	big	ADJ
ajfa-11810	209	24	4	4	NUM
ajfa-11810	209	25	auditor	auditor	NOUN
ajfa-11810	209	26	,	,	PUNCT
ajfa-11810	209	27	and	and	CCONJ
ajfa-11810	209	28	close	close	ADJ
ajfa-11810	209	29	to	to	PART
ajfa-11810	209	30	20	20	NUM
ajfa-11810	209	31	%	%	NOUN
ajfa-11810	209	32	of	of	ADP
ajfa-11810	209	33	auditors	auditor	NOUN
ajfa-11810	209	34	are	be	AUX
ajfa-11810	209	35	in	in	ADP
ajfa-11810	209	36	their	their	PRON
ajfa-11810	209	37	first	first	ADJ
ajfa-11810	209	38	or	or	CCONJ
ajfa-11810	209	39	second	second	ADJ
ajfa-11810	209	40	year	year	NOUN
ajfa-11810	209	41	of	of	ADP
ajfa-11810	209	42	engagement	engagement	NOUN
ajfa-11810	209	43	.	.	PUNCT
ajfa-11810	210	1	only	only	ADV
ajfa-11810	210	2	a	a	DET
ajfa-11810	210	3	fraction	fraction	NOUN
ajfa-11810	210	4	asian	asian	ADJ
ajfa-11810	210	5	journal	journal	NOUN
ajfa-11810	210	6	of	of	ADP
ajfa-11810	210	7	finance	finance	PROPN
ajfa-11810	210	8	&	&	CCONJ
ajfa-11810	210	9	accounting	accounting	PROPN
ajfa-11810	210	10	issn	issn	PROPN
ajfa-11810	210	11	1946	1946	NUM
ajfa-11810	210	12	-	-	PUNCT
ajfa-11810	210	13	052x	052x	NOUN
ajfa-11810	210	14	2018	2018	NUM
ajfa-11810	210	15	,	,	PUNCT
ajfa-11810	210	16	vol	vol	NOUN
ajfa-11810	210	17	.	.	PROPN
ajfa-11810	210	18	10	10	NUM
ajfa-11810	210	19	,	,	PUNCT
ajfa-11810	210	20	no	no	INTJ
ajfa-11810	210	21	.	.	NOUN
ajfa-11810	210	22	1	1	NUM
ajfa-11810	210	23	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	210	24	96	96	NUM
ajfa-11810	210	25	of	of	ADP
ajfa-11810	210	26	reits	reit	NOUN
ajfa-11810	210	27	conducts	conduct	VERB
ajfa-11810	210	28	foreign	foreign	ADJ
ajfa-11810	210	29	operations	operation	NOUN
ajfa-11810	210	30	.	.	PUNCT
ajfa-11810	211	1	slightly	slightly	ADV
ajfa-11810	211	2	more	more	ADJ
ajfa-11810	211	3	than	than	ADP
ajfa-11810	211	4	half	half	NOUN
ajfa-11810	211	5	of	of	ADP
ajfa-11810	211	6	the	the	DET
ajfa-11810	211	7	audits	audits	NOUN
ajfa-11810	211	8	report	report	NOUN
ajfa-11810	211	9	either	either	CCONJ
ajfa-11810	211	10	an	an	DET
ajfa-11810	211	11	extraordinary	extraordinary	ADJ
ajfa-11810	211	12	item	item	NOUN
ajfa-11810	211	13	(	(	PUNCT
ajfa-11810	211	14	a	a	DET
ajfa-11810	211	15	net	net	ADJ
ajfa-11810	211	16	income	income	NOUN
ajfa-11810	211	17	adjustment	adjustment	NOUN
ajfa-11810	211	18	made	make	VERB
ajfa-11810	211	19	due	due	ADJ
ajfa-11810	211	20	to	to	ADP
ajfa-11810	211	21	an	an	DET
ajfa-11810	211	22	unusual	unusual	ADJ
ajfa-11810	211	23	or	or	CCONJ
ajfa-11810	211	24	infrequent	infrequent	ADJ
ajfa-11810	211	25	occurrence	occurrence	NOUN
ajfa-11810	211	26	,	,	PUNCT
ajfa-11810	211	27	such	such	ADJ
ajfa-11810	211	28	as	as	ADP
ajfa-11810	211	29	a	a	DET
ajfa-11810	211	30	loss	loss	NOUN
ajfa-11810	211	31	due	due	ADP
ajfa-11810	211	32	to	to	ADP
ajfa-11810	211	33	a	a	DET
ajfa-11810	211	34	hurricane	hurricane	NOUN
ajfa-11810	211	35	)	)	PUNCT
ajfa-11810	211	36	,	,	PUNCT
ajfa-11810	211	37	or	or	CCONJ
ajfa-11810	211	38	a	a	DET
ajfa-11810	211	39	discontinued	discontinued	ADJ
ajfa-11810	211	40	operation	operation	NOUN
ajfa-11810	211	41	(	(	PUNCT
ajfa-11810	211	42	a	a	DET
ajfa-11810	211	43	net	net	ADJ
ajfa-11810	211	44	income	income	NOUN
ajfa-11810	211	45	adjustment	adjustment	NOUN
ajfa-11810	211	46	made	make	VERB
ajfa-11810	211	47	because	because	SCONJ
ajfa-11810	211	48	a	a	DET
ajfa-11810	211	49	portion	portion	NOUN
ajfa-11810	211	50	of	of	ADP
ajfa-11810	211	51	a	a	DET
ajfa-11810	211	52	company	company	NOUN
ajfa-11810	211	53	’s	’s	PART
ajfa-11810	211	54	operation	operation	NOUN
ajfa-11810	211	55	is	be	AUX
ajfa-11810	211	56	discontinued	discontinue	VERB
ajfa-11810	211	57	,	,	PUNCT
ajfa-11810	211	58	such	such	ADJ
ajfa-11810	211	59	as	as	ADP
ajfa-11810	211	60	due	due	ADJ
ajfa-11810	211	61	to	to	ADP
ajfa-11810	211	62	the	the	DET
ajfa-11810	211	63	sale	sale	NOUN
ajfa-11810	211	64	of	of	ADP
ajfa-11810	211	65	an	an	DET
ajfa-11810	211	66	asset	asset	NOUN
ajfa-11810	211	67	)	)	PUNCT
ajfa-11810	211	68	.	.	PUNCT
ajfa-11810	212	1	table	table	NOUN
ajfa-11810	212	2	5	5	NUM
ajfa-11810	212	3	.	.	PUNCT
ajfa-11810	212	4	descriptive	descriptive	ADJ
ajfa-11810	212	5	statistics	statistic	NOUN
ajfa-11810	212	6	:	:	PUNCT
ajfa-11810	212	7	dependent	dependent	ADJ
ajfa-11810	212	8	&	&	CCONJ
ajfa-11810	212	9	independent	independent	ADJ
ajfa-11810	212	10	variables	variable	NOUN
ajfa-11810	212	11	variable	variable	ADJ
ajfa-11810	212	12	n	n	PRON
ajfa-11810	212	13	mean	mean	VERB
ajfa-11810	212	14	std	std	PROPN
ajfa-11810	212	15	.	.	PUNCT
ajfa-11810	213	1	dev	dev	PROPN
ajfa-11810	213	2	.	.	PUNCT
ajfa-11810	214	1	25th	25th	ADJ
ajfa-11810	214	2	median	median	PROPN
ajfa-11810	214	3	75th	75th	ADJ
ajfa-11810	214	4	log(equity	log(equity	NOUN
ajfa-11810	214	5	investment	investment	NOUN
ajfa-11810	214	6	)	)	PUNCT
ajfa-11810	215	1	953	953	NUM
ajfa-11810	215	2	3.132471	3.132471	NUM
ajfa-11810	215	3	2.217645	2.217645	NUM
ajfa-11810	215	4	0.77	0.77	NUM
ajfa-11810	215	5	3.52	3.52	NUM
ajfa-11810	215	6	5.07	5.07	NUM
ajfa-11810	215	7	log(debt	log(debt	NOUN
ajfa-11810	215	8	investment	investment	NOUN
ajfa-11810	215	9	)	)	PUNCT
ajfa-11810	215	10	953	953	NUM
ajfa-11810	216	1	6.792827	6.792827	NUM
ajfa-11810	216	2	1.707107	1.707107	NUM
ajfa-11810	216	3	6.12	6.12	NUM
ajfa-11810	216	4	7.13	7.13	NUM
ajfa-11810	216	5	7.85	7.85	NUM
ajfa-11810	216	6	log(equity	log(equity	NOUN
ajfa-11810	216	7	&	&	CCONJ
ajfa-11810	216	8	debt	debt	NOUN
ajfa-11810	216	9	investment	investment	NOUN
ajfa-11810	216	10	)	)	PUNCT
ajfa-11810	216	11	953	953	NUM
ajfa-11810	217	1	6.880828	6.880828	NUM
ajfa-11810	217	2	1.680798	1.680798	NUM
ajfa-11810	217	3	6.19	6.19	NUM
ajfa-11810	217	4	7.21	7.21	NUM
ajfa-11810	217	5	7.91	7.91	NUM
ajfa-11810	217	6	log(audit	log(audit	NOUN
ajfa-11810	217	7	fees	fee	NOUN
ajfa-11810	217	8	)	)	PUNCT
ajfa-11810	217	9	953	953	NUM
ajfa-11810	217	10	13.28539	13.28539	NUM
ajfa-11810	217	11	0.9523914	0.9523914	NUM
ajfa-11810	217	12	12.74	12.74	NUM
ajfa-11810	217	13	13.41	13.41	NUM
ajfa-11810	217	14	13.87	13.87	NUM
ajfa-11810	217	15	specialist	specialist	NOUN
ajfa-11810	217	16	953	953	NUM
ajfa-11810	217	17	0.3326338	0.3326338	NUM
ajfa-11810	217	18	0.471404	0.471404	NUM
ajfa-11810	217	19	0.00	0.00	NUM
ajfa-11810	217	20	0.00	0.00	NUM
ajfa-11810	217	21	1.00	1.00	NUM
ajfa-11810	217	22	big	big	ADJ
ajfa-11810	217	23	4	4	NUM
ajfa-11810	217	24	auditor	auditor	NOUN
ajfa-11810	217	25	953	953	NUM
ajfa-11810	217	26	0.9223505	0.9223505	NUM
ajfa-11810	217	27	0.2677598	0.2677598	NUM
ajfa-11810	217	28	1.00	1.00	NUM
ajfa-11810	217	29	1.00	1.00	NUM
ajfa-11810	217	30	1.00	1.00	NUM
ajfa-11810	217	31	bid	bid	NOUN
ajfa-11810	217	32	-	-	PUNCT
ajfa-11810	217	33	ask	ask	NOUN
ajfa-11810	217	34	spread	spread	VERB
ajfa-11810	217	35	953	953	NUM
ajfa-11810	217	36	0.0043952	0.0043952	NUM
ajfa-11810	217	37	0.00625	0.00625	NUM
ajfa-11810	217	38	0.00	0.00	NUM
ajfa-11810	217	39	0.00	0.00	NUM
ajfa-11810	217	40	0.00	0.00	NUM
ajfa-11810	217	41	log(intangible	log(intangible	ADJ
ajfa-11810	217	42	assets	asset	NOUN
ajfa-11810	217	43	)	)	PUNCT
ajfa-11810	217	44	953	953	NUM
ajfa-11810	218	1	1.351846	1.351846	NUM
ajfa-11810	218	2	1.936908	1.936908	NUM
ajfa-11810	218	3	0.00	0.00	NUM
ajfa-11810	218	4	0.00	0.00	NUM
ajfa-11810	218	5	2.56	2.56	NUM
ajfa-11810	218	6	book	book	NOUN
ajfa-11810	218	7	-	-	PUNCT
ajfa-11810	218	8	to	to	ADP
ajfa-11810	218	9	-	-	PUNCT
ajfa-11810	218	10	market	market	NOUN
ajfa-11810	218	11	ratio	ratio	NOUN
ajfa-11810	218	12	953	953	NUM
ajfa-11810	218	13	0.5723122	0.5723122	NUM
ajfa-11810	218	14	2.181254	2.181254	NUM
ajfa-11810	218	15	0.35	0.35	NUM
ajfa-11810	218	16	0.52	0.52	NUM
ajfa-11810	218	17	0.72	0.72	NUM
ajfa-11810	218	18	return	return	NOUN
ajfa-11810	218	19	on	on	ADP
ajfa-11810	218	20	assets	asset	NOUN
ajfa-11810	218	21	953	953	NUM
ajfa-11810	218	22	0.0263103	0.0263103	NUM
ajfa-11810	218	23	0.0562677	0.0562677	NUM
ajfa-11810	218	24	0.01	0.01	NUM
ajfa-11810	218	25	0.03	0.03	NUM
ajfa-11810	218	26	0.05	0.05	NUM
ajfa-11810	218	27	leverage	leverage	NOUN
ajfa-11810	218	28	953	953	NUM
ajfa-11810	218	29	0.6018785	0.6018785	NUM
ajfa-11810	218	30	0.1928988	0.1928988	NUM
ajfa-11810	218	31	0.50	0.50	NUM
ajfa-11810	218	32	0.59	0.59	NUM
ajfa-11810	218	33	0.70	0.70	NUM
ajfa-11810	218	34	initial	initial	ADJ
ajfa-11810	218	35	953	953	NUM
ajfa-11810	218	36	0.1867786	0.1867786	NUM
ajfa-11810	218	37	0.3899383	0.3899383	NUM
ajfa-11810	218	38	0.00	0.00	NUM
ajfa-11810	218	39	0.00	0.00	NUM
ajfa-11810	218	40	0.00	0.00	NUM
ajfa-11810	218	41	log(other	log(other	ADJ
ajfa-11810	218	42	fees	fee	NOUN
ajfa-11810	218	43	)	)	PUNCT
ajfa-11810	218	44	953	953	NUM
ajfa-11810	218	45	11.27902	11.27902	NUM
ajfa-11810	218	46	3.13359	3.13359	NUM
ajfa-11810	218	47	10.76	10.76	NUM
ajfa-11810	218	48	11.98	11.98	NUM
ajfa-11810	218	49	12.84	12.84	NUM
ajfa-11810	218	50	log(properties	log(propertie	NOUN
ajfa-11810	218	51	)	)	PUNCT
ajfa-11810	218	52	953	953	NUM
ajfa-11810	218	53	4.258593	4.258593	NUM
ajfa-11810	218	54	2.04574	2.04574	NUM
ajfa-11810	218	55	3.50	3.50	NUM
ajfa-11810	218	56	4.72	4.72	NUM
ajfa-11810	218	57	5.61	5.61	NUM
ajfa-11810	218	58	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	218	59	)	)	PUNCT
ajfa-11810	218	60	953	953	NUM
ajfa-11810	219	1	3.805615	3.805615	NUM
ajfa-11810	219	2	1.611061	1.611061	NUM
ajfa-11810	219	3	2.71	2.71	NUM
ajfa-11810	219	4	3.83	3.83	NUM
ajfa-11810	219	5	5.00	5.00	NUM
ajfa-11810	219	6	foreign	foreign	ADJ
ajfa-11810	219	7	953	953	NUM
ajfa-11810	219	8	0.0209864	0.0209864	NUM
ajfa-11810	219	9	0.1434138	0.1434138	NUM
ajfa-11810	219	10	0.00	0.00	NUM
ajfa-11810	219	11	0.00	0.00	NUM
ajfa-11810	219	12	0.00	0.00	NUM
ajfa-11810	219	13	extra	extra	ADJ
ajfa-11810	219	14	.	.	PUNCT
ajfa-11810	219	15	&	&	CCONJ
ajfa-11810	219	16	disc	disc	PROPN
ajfa-11810	219	17	.	.	PUNCT
ajfa-11810	220	1	items	item	NOUN
ajfa-11810	220	2	953	953	NUM
ajfa-11810	220	3	0.5299056	0.5299056	NUM
ajfa-11810	220	4	0.4993669	0.4993669	NUM
ajfa-11810	220	5	0.00	0.00	NUM
ajfa-11810	220	6	1.00	1.00	NUM
ajfa-11810	220	7	1.00	1.00	NUM
ajfa-11810	220	8	notes	note	NOUN
ajfa-11810	220	9	:	:	PUNCT
ajfa-11810	220	10	the	the	DET
ajfa-11810	220	11	table	table	NOUN
ajfa-11810	220	12	above	above	ADP
ajfa-11810	220	13	presents	present	VERB
ajfa-11810	220	14	descriptive	descriptive	ADJ
ajfa-11810	220	15	statistics	statistic	NOUN
ajfa-11810	220	16	for	for	ADP
ajfa-11810	220	17	the	the	DET
ajfa-11810	220	18	variables	variable	NOUN
ajfa-11810	220	19	used	use	VERB
ajfa-11810	220	20	in	in	ADP
ajfa-11810	220	21	the	the	DET
ajfa-11810	220	22	regressions	regression	NOUN
ajfa-11810	220	23	(	(	PUNCT
ajfa-11810	220	24	except	except	SCONJ
ajfa-11810	220	25	for	for	ADP
ajfa-11810	220	26	reit	reit	NOUN
ajfa-11810	220	27	-	-	PUNCT
ajfa-11810	220	28	type	type	NOUN
ajfa-11810	220	29	and	and	CCONJ
ajfa-11810	220	30	year	year	NOUN
ajfa-11810	220	31	dummies	dummy	NOUN
ajfa-11810	220	32	)	)	PUNCT
ajfa-11810	220	33	.	.	PUNCT
ajfa-11810	221	1	4.2	4.2	NUM
ajfa-11810	221	2	results	result	NOUN
ajfa-11810	221	3	of	of	ADP
ajfa-11810	221	4	hypothesis	hypothesis	NOUN
ajfa-11810	221	5	testing	testing	NOUN
ajfa-11810	221	6	in	in	ADP
ajfa-11810	221	7	the	the	DET
ajfa-11810	221	8	initial	initial	ADJ
ajfa-11810	221	9	empirical	empirical	ADJ
ajfa-11810	221	10	analysis	analysis	NOUN
ajfa-11810	221	11	,	,	PUNCT
ajfa-11810	221	12	we	we	PRON
ajfa-11810	221	13	test	test	VERB
ajfa-11810	221	14	hypotheses	hypothese	VERB
ajfa-11810	221	15	1	1	X
ajfa-11810	221	16	.	.	PUNCT
ajfa-11810	222	1	we	we	PRON
ajfa-11810	222	2	expect	expect	VERB
ajfa-11810	222	3	to	to	PART
ajfa-11810	222	4	find	find	VERB
ajfa-11810	222	5	a	a	DET
ajfa-11810	222	6	positive	positive	ADJ
ajfa-11810	222	7	relationship	relationship	NOUN
ajfa-11810	222	8	between	between	ADP
ajfa-11810	222	9	the	the	DET
ajfa-11810	222	10	audit	audit	NOUN
ajfa-11810	222	11	process	process	NOUN
ajfa-11810	222	12	and	and	CCONJ
ajfa-11810	222	13	equity	equity	NOUN
ajfa-11810	222	14	,	,	PUNCT
ajfa-11810	222	15	debt	debt	NOUN
ajfa-11810	222	16	,	,	PUNCT
ajfa-11810	222	17	and	and	CCONJ
ajfa-11810	222	18	combined	combined	ADJ
ajfa-11810	222	19	equity	equity	NOUN
ajfa-11810	222	20	and	and	CCONJ
ajfa-11810	222	21	debt	debt	NOUN
ajfa-11810	222	22	capital	capital	NOUN
ajfa-11810	222	23	investment	investment	NOUN
ajfa-11810	222	24	in	in	ADP
ajfa-11810	222	25	reits	reit	NOUN
ajfa-11810	222	26	,	,	PUNCT
ajfa-11810	222	27	respectively	respectively	ADV
ajfa-11810	222	28	.	.	PUNCT
ajfa-11810	223	1	positive	positive	ADJ
ajfa-11810	223	2	and	and	CCONJ
ajfa-11810	223	3	significant	significant	ADJ
ajfa-11810	223	4	coefficients	coefficient	NOUN
ajfa-11810	223	5	for	for	ADP
ajfa-11810	223	6	individual	individual	ADJ
ajfa-11810	223	7	audit	audit	NOUN
ajfa-11810	223	8	-	-	PUNCT
ajfa-11810	223	9	related	relate	VERB
ajfa-11810	223	10	attributes	attribute	NOUN
ajfa-11810	223	11	would	would	AUX
ajfa-11810	223	12	indicate	indicate	VERB
ajfa-11810	223	13	support	support	NOUN
ajfa-11810	223	14	for	for	ADP
ajfa-11810	223	15	the	the	DET
ajfa-11810	223	16	hypotheses	hypothesis	NOUN
ajfa-11810	223	17	with	with	ADP
ajfa-11810	223	18	respect	respect	NOUN
ajfa-11810	223	19	to	to	ADP
ajfa-11810	223	20	each	each	DET
ajfa-11810	223	21	attribute	attribute	NOUN
ajfa-11810	223	22	.	.	PUNCT
ajfa-11810	224	1	in	in	ADP
ajfa-11810	224	2	the	the	DET
ajfa-11810	224	3	extended	extended	ADJ
ajfa-11810	224	4	empirical	empirical	ADJ
ajfa-11810	224	5	analysis	analysis	NOUN
ajfa-11810	224	6	,	,	PUNCT
ajfa-11810	224	7	we	we	PRON
ajfa-11810	224	8	test	test	VERB
ajfa-11810	224	9	hypotheses	hypothesis	NOUN
ajfa-11810	224	10	2	2	X
ajfa-11810	224	11	.	.	X
ajfa-11810	225	1	we	we	PRON
ajfa-11810	225	2	expect	expect	VERB
ajfa-11810	225	3	to	to	PART
ajfa-11810	225	4	find	find	VERB
ajfa-11810	225	5	that	that	SCONJ
ajfa-11810	225	6	capital	capital	NOUN
ajfa-11810	225	7	investment	investment	NOUN
ajfa-11810	225	8	is	be	AUX
ajfa-11810	225	9	lower	low	ADJ
ajfa-11810	225	10	for	for	ADP
ajfa-11810	225	11	all	all	DET
ajfa-11810	225	12	reits	reit	NOUN
ajfa-11810	225	13	after	after	ADP
ajfa-11810	225	14	the	the	DET
ajfa-11810	225	15	financial	financial	ADJ
ajfa-11810	225	16	crisis	crisis	NOUN
ajfa-11810	225	17	because	because	SCONJ
ajfa-11810	225	18	of	of	ADP
ajfa-11810	225	19	the	the	DET
ajfa-11810	225	20	significant	significant	ADJ
ajfa-11810	225	21	asian	asian	ADJ
ajfa-11810	225	22	journal	journal	NOUN
ajfa-11810	225	23	of	of	ADP
ajfa-11810	225	24	finance	finance	PROPN
ajfa-11810	225	25	&	&	CCONJ
ajfa-11810	225	26	accounting	accounting	PROPN
ajfa-11810	225	27	issn	issn	PROPN
ajfa-11810	225	28	1946	1946	NUM
ajfa-11810	225	29	-	-	PUNCT
ajfa-11810	225	30	052x	052x	NOUN
ajfa-11810	225	31	2018	2018	NUM
ajfa-11810	225	32	,	,	PUNCT
ajfa-11810	225	33	vol	vol	NOUN
ajfa-11810	225	34	.	.	PROPN
ajfa-11810	225	35	10	10	NUM
ajfa-11810	225	36	,	,	PUNCT
ajfa-11810	225	37	no	no	INTJ
ajfa-11810	225	38	.	.	NOUN
ajfa-11810	225	39	1	1	NUM
ajfa-11810	225	40	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	225	41	97	97	NUM
ajfa-11810	225	42	drop	drop	NOUN
ajfa-11810	225	43	in	in	ADP
ajfa-11810	225	44	financial	financial	ADJ
ajfa-11810	225	45	markets	market	NOUN
ajfa-11810	225	46	activity	activity	NOUN
ajfa-11810	225	47	after	after	ADP
ajfa-11810	225	48	the	the	DET
ajfa-11810	225	49	crisis	crisis	NOUN
ajfa-11810	225	50	.	.	PUNCT
ajfa-11810	226	1	negative	negative	ADJ
ajfa-11810	226	2	and	and	CCONJ
ajfa-11810	226	3	significant	significant	ADJ
ajfa-11810	226	4	coefficients	coefficient	NOUN
ajfa-11810	226	5	for	for	ADP
ajfa-11810	226	6	the	the	DET
ajfa-11810	226	7	financial	financial	ADJ
ajfa-11810	226	8	crisis	crisis	NOUN
ajfa-11810	226	9	dummy	dummy	NOUN
ajfa-11810	226	10	would	would	AUX
ajfa-11810	226	11	confirm	confirm	VERB
ajfa-11810	226	12	this	this	DET
ajfa-11810	226	13	expectation	expectation	NOUN
ajfa-11810	226	14	.	.	PUNCT
ajfa-11810	227	1	we	we	PRON
ajfa-11810	227	2	also	also	ADV
ajfa-11810	227	3	expect	expect	VERB
ajfa-11810	227	4	to	to	PART
ajfa-11810	227	5	find	find	VERB
ajfa-11810	227	6	that	that	SCONJ
ajfa-11810	227	7	after	after	ADP
ajfa-11810	227	8	the	the	DET
ajfa-11810	227	9	crisis	crisis	NOUN
ajfa-11810	227	10	,	,	PUNCT
ajfa-11810	227	11	reits	reit	NOUN
ajfa-11810	227	12	that	that	PRON
ajfa-11810	227	13	utilize	utilize	VERB
ajfa-11810	227	14	the	the	DET
ajfa-11810	227	15	audit	audit	NOUN
ajfa-11810	227	16	process	process	NOUN
ajfa-11810	227	17	to	to	PART
ajfa-11810	227	18	increase	increase	VERB
ajfa-11810	227	19	financial	financial	ADJ
ajfa-11810	227	20	transparency	transparency	NOUN
ajfa-11810	227	21	would	would	AUX
ajfa-11810	227	22	experience	experience	VERB
ajfa-11810	227	23	greater	great	ADJ
ajfa-11810	227	24	equity	equity	NOUN
ajfa-11810	227	25	,	,	PUNCT
ajfa-11810	227	26	debt	debt	NOUN
ajfa-11810	227	27	,	,	PUNCT
ajfa-11810	227	28	and	and	CCONJ
ajfa-11810	227	29	combined	combined	ADJ
ajfa-11810	227	30	equity	equity	NOUN
ajfa-11810	227	31	and	and	CCONJ
ajfa-11810	227	32	debt	debt	NOUN
ajfa-11810	227	33	capital	capital	NOUN
ajfa-11810	227	34	investment	investment	NOUN
ajfa-11810	227	35	than	than	ADP
ajfa-11810	227	36	reits	reit	NOUN
ajfa-11810	227	37	that	that	PRON
ajfa-11810	227	38	did	do	AUX
ajfa-11810	227	39	not	not	PART
ajfa-11810	227	40	do	do	VERB
ajfa-11810	227	41	so	so	ADV
ajfa-11810	227	42	.	.	PUNCT
ajfa-11810	228	1	positive	positive	ADJ
ajfa-11810	228	2	and	and	CCONJ
ajfa-11810	228	3	significant	significant	ADJ
ajfa-11810	228	4	coefficients	coefficient	NOUN
ajfa-11810	228	5	for	for	ADP
ajfa-11810	228	6	the	the	DET
ajfa-11810	228	7	interaction	interaction	NOUN
ajfa-11810	228	8	terms	term	NOUN
ajfa-11810	228	9	will	will	AUX
ajfa-11810	228	10	confirm	confirm	VERB
ajfa-11810	228	11	these	these	DET
ajfa-11810	228	12	expectations	expectation	NOUN
ajfa-11810	228	13	,	,	PUNCT
ajfa-11810	228	14	and	and	CCONJ
ajfa-11810	228	15	allow	allow	VERB
ajfa-11810	228	16	interpretation	interpretation	NOUN
ajfa-11810	228	17	of	of	ADP
ajfa-11810	228	18	the	the	DET
ajfa-11810	228	19	main	main	ADJ
ajfa-11810	228	20	effects	effect	NOUN
ajfa-11810	228	21	of	of	ADP
ajfa-11810	228	22	the	the	DET
ajfa-11810	228	23	individual	individual	ADJ
ajfa-11810	228	24	audit	audit	NOUN
ajfa-11810	228	25	-	-	PUNCT
ajfa-11810	228	26	related	relate	VERB
ajfa-11810	228	27	attributes	attribute	NOUN
ajfa-11810	228	28	.	.	PUNCT
ajfa-11810	229	1	4.2.1	4.2.1	NUM
ajfa-11810	229	2	hypothesis	hypothesis	NOUN
ajfa-11810	229	3	1	1	NUM
ajfa-11810	229	4	results	result	NOUN
ajfa-11810	229	5	table	table	NOUN
ajfa-11810	229	6	6	6	NUM
ajfa-11810	229	7	below	below	ADV
ajfa-11810	229	8	shows	show	VERB
ajfa-11810	229	9	the	the	DET
ajfa-11810	229	10	results	result	NOUN
ajfa-11810	229	11	for	for	ADP
ajfa-11810	229	12	testing	test	VERB
ajfa-11810	229	13	hypothesis	hypothesis	NOUN
ajfa-11810	229	14	1(a	1(a	NUM
ajfa-11810	229	15	)	)	PUNCT
ajfa-11810	229	16	that	that	SCONJ
ajfa-11810	229	17	there	there	PRON
ajfa-11810	229	18	is	be	VERB
ajfa-11810	229	19	a	a	DET
ajfa-11810	229	20	positive	positive	ADJ
ajfa-11810	229	21	association	association	NOUN
ajfa-11810	229	22	between	between	ADP
ajfa-11810	229	23	the	the	DET
ajfa-11810	229	24	audit	audit	NOUN
ajfa-11810	229	25	process	process	NOUN
ajfa-11810	229	26	and	and	CCONJ
ajfa-11810	229	27	equity	equity	NOUN
ajfa-11810	229	28	investment	investment	NOUN
ajfa-11810	229	29	in	in	ADP
ajfa-11810	229	30	reits	reit	NOUN
ajfa-11810	229	31	.	.	PUNCT
ajfa-11810	230	1	in	in	ADP
ajfa-11810	230	2	models	model	NOUN
ajfa-11810	230	3	1a	1a	PROPN
ajfa-11810	230	4	and	and	CCONJ
ajfa-11810	230	5	1b	1b	NUM
ajfa-11810	230	6	,	,	PUNCT
ajfa-11810	230	7	the	the	DET
ajfa-11810	230	8	coefficients	coefficient	NOUN
ajfa-11810	230	9	for	for	ADP
ajfa-11810	230	10	log(audit	log(audit	NOUN
ajfa-11810	230	11	fees	fee	NOUN
ajfa-11810	230	12	)	)	PUNCT
ajfa-11810	230	13	and	and	CCONJ
ajfa-11810	230	14	specialist	specialist	NOUN
ajfa-11810	230	15	are	be	AUX
ajfa-11810	230	16	positive	positive	ADJ
ajfa-11810	230	17	and	and	CCONJ
ajfa-11810	230	18	significant	significant	ADJ
ajfa-11810	230	19	(	(	PUNCT
ajfa-11810	230	20	log(audit	log(audit	NOUN
ajfa-11810	230	21	fees	fee	NOUN
ajfa-11810	230	22	)	)	PUNCT
ajfa-11810	230	23	,	,	PUNCT
ajfa-11810	230	24	β	β	X
ajfa-11810	230	25	=	=	PUNCT
ajfa-11810	230	26	0.421	0.421	NUM
ajfa-11810	230	27	and	and	CCONJ
ajfa-11810	230	28	specialist	specialist	NOUN
ajfa-11810	230	29	,	,	PUNCT
ajfa-11810	230	30	β	β	X
ajfa-11810	230	31	=	=	SYM
ajfa-11810	230	32	0.358	0.358	NUM
ajfa-11810	230	33	,	,	PUNCT
ajfa-11810	230	34	respectively	respectively	ADV
ajfa-11810	230	35	)	)	PUNCT
ajfa-11810	230	36	.	.	PUNCT
ajfa-11810	231	1	model	model	NOUN
ajfa-11810	231	2	1d	1d	NUM
ajfa-11810	231	3	yields	yield	NOUN
ajfa-11810	231	4	similar	similar	ADJ
ajfa-11810	231	5	results	result	NOUN
ajfa-11810	231	6	(	(	PUNCT
ajfa-11810	231	7	log(audit	log(audit	NOUN
ajfa-11810	231	8	fees	fee	NOUN
ajfa-11810	231	9	)	)	PUNCT
ajfa-11810	231	10	,	,	PUNCT
ajfa-11810	231	11	β	β	X
ajfa-11810	231	12	=	=	SYM
ajfa-11810	231	13	0.409	0.409	NUM
ajfa-11810	231	14	and	and	CCONJ
ajfa-11810	231	15	specialist	specialist	NOUN
ajfa-11810	231	16	,	,	PUNCT
ajfa-11810	231	17	β	β	X
ajfa-11810	231	18	=	=	SYM
ajfa-11810	231	19	0.278	0.278	NUM
ajfa-11810	231	20	,	,	PUNCT
ajfa-11810	231	21	respectively	respectively	ADV
ajfa-11810	231	22	)	)	PUNCT
ajfa-11810	231	23	.	.	PUNCT
ajfa-11810	232	1	these	these	DET
ajfa-11810	232	2	results	result	NOUN
ajfa-11810	232	3	provide	provide	VERB
ajfa-11810	232	4	partial	partial	ADJ
ajfa-11810	232	5	support	support	NOUN
ajfa-11810	232	6	for	for	ADP
ajfa-11810	232	7	the	the	DET
ajfa-11810	232	8	hypothesis	hypothesis	NOUN
ajfa-11810	232	9	,	,	PUNCT
ajfa-11810	232	10	suggesting	suggest	VERB
ajfa-11810	232	11	that	that	SCONJ
ajfa-11810	232	12	investors	investor	NOUN
ajfa-11810	232	13	view	view	VERB
ajfa-11810	232	14	reits	reit	NOUN
ajfa-11810	232	15	that	that	PRON
ajfa-11810	232	16	either	either	CCONJ
ajfa-11810	232	17	pay	pay	VERB
ajfa-11810	232	18	higher	high	ADJ
ajfa-11810	232	19	audit	audit	NOUN
ajfa-11810	232	20	fees	fee	NOUN
ajfa-11810	232	21	or	or	CCONJ
ajfa-11810	232	22	engage	engage	VERB
ajfa-11810	232	23	industry	industry	NOUN
ajfa-11810	232	24	-	-	PUNCT
ajfa-11810	232	25	audit	audit	NOUN
ajfa-11810	232	26	specialists	specialist	NOUN
ajfa-11810	232	27	as	as	ADP
ajfa-11810	232	28	more	more	ADV
ajfa-11810	232	29	transparent	transparent	ADJ
ajfa-11810	232	30	,	,	PUNCT
ajfa-11810	232	31	and	and	CCONJ
ajfa-11810	232	32	are	be	AUX
ajfa-11810	232	33	willing	willing	ADJ
ajfa-11810	232	34	to	to	PART
ajfa-11810	232	35	provide	provide	VERB
ajfa-11810	232	36	equity	equity	NOUN
ajfa-11810	232	37	investment	investment	NOUN
ajfa-11810	232	38	.	.	PUNCT
ajfa-11810	233	1	table	table	NOUN
ajfa-11810	233	2	6	6	NUM
ajfa-11810	233	3	.	.	PUNCT
ajfa-11810	234	1	results	result	NOUN
ajfa-11810	234	2	of	of	ADP
ajfa-11810	234	3	ols	ol	NOUN
ajfa-11810	234	4	regression	regression	NOUN
ajfa-11810	234	5	testing	test	VERB
ajfa-11810	234	6	the	the	DET
ajfa-11810	234	7	expectation	expectation	NOUN
ajfa-11810	234	8	of	of	ADP
ajfa-11810	234	9	a	a	DET
ajfa-11810	234	10	positive	positive	ADJ
ajfa-11810	234	11	association	association	NOUN
ajfa-11810	234	12	between	between	ADP
ajfa-11810	234	13	audit	audit	NOUN
ajfa-11810	234	14	-	-	PUNCT
ajfa-11810	234	15	related	relate	VERB
ajfa-11810	234	16	attributes	attribute	NOUN
ajfa-11810	234	17	and	and	CCONJ
ajfa-11810	234	18	equity	equity	NOUN
ajfa-11810	234	19	investment	investment	NOUN
ajfa-11810	234	20	in	in	ADP
ajfa-11810	234	21	reits	reits	PROPN
ajfa-11810	234	22	variable	variable	PROPN
ajfa-11810	234	23	model	model	PROPN
ajfa-11810	234	24	1a	1a	PROPN
ajfa-11810	234	25	model	model	PROPN
ajfa-11810	234	26	1b	1b	PROPN
ajfa-11810	234	27	model	model	PROPN
ajfa-11810	234	28	1c	1c	NUM
ajfa-11810	234	29	model	model	NOUN
ajfa-11810	234	30	1d	1d	PROPN
ajfa-11810	234	31	coefficient	coefficient	NOUN
ajfa-11810	234	32	coefficient	coefficient	NOUN
ajfa-11810	234	33	coefficient	coefficient	NOUN
ajfa-11810	234	34	coefficient	coefficient	NOUN
ajfa-11810	235	1	[	[	X
ajfa-11810	235	2	t	t	NOUN
ajfa-11810	235	3	-	-	PUNCT
ajfa-11810	235	4	statistic	statistic	NOUN
ajfa-11810	235	5	]	]	X
ajfa-11810	236	1	[	[	X
ajfa-11810	236	2	t	t	NOUN
ajfa-11810	236	3	-	-	PUNCT
ajfa-11810	236	4	statistic	statistic	NOUN
ajfa-11810	236	5	]	]	X
ajfa-11810	237	1	[	[	X
ajfa-11810	237	2	t	t	NOUN
ajfa-11810	237	3	-	-	PUNCT
ajfa-11810	237	4	statistic	statistic	NOUN
ajfa-11810	237	5	]	]	X
ajfa-11810	238	1	[	[	X
ajfa-11810	238	2	t	t	NOUN
ajfa-11810	238	3	-	-	PUNCT
ajfa-11810	238	4	statistic	statistic	NOUN
ajfa-11810	238	5	]	]	PUNCT
ajfa-11810	238	6	log(audit	log(audit	NOUN
ajfa-11810	238	7	fees	fee	NOUN
ajfa-11810	238	8	)	)	PUNCT
ajfa-11810	238	9	0.421	0.421	NUM
ajfa-11810	238	10	*	*	PUNCT
ajfa-11810	238	11	*	*	PUNCT
ajfa-11810	238	12	*	*	PUNCT
ajfa-11810	238	13	0.409	0.409	NUM
ajfa-11810	238	14	*	*	PUNCT
ajfa-11810	238	15	*	*	PUNCT
ajfa-11810	238	16	*	*	PUNCT
ajfa-11810	239	1	[	[	X
ajfa-11810	239	2	3.701	3.701	NUM
ajfa-11810	239	3	]	]	PUNCT
ajfa-11810	240	1	[	[	X
ajfa-11810	240	2	3.341	3.341	NUM
ajfa-11810	240	3	]	]	PUNCT
ajfa-11810	240	4	specialist	specialist	NOUN
ajfa-11810	240	5	0.358	0.358	NUM
ajfa-11810	240	6	*	*	PUNCT
ajfa-11810	240	7	*	*	PUNCT
ajfa-11810	240	8	0.278	0.278	NUM
ajfa-11810	240	9	*	*	PUNCT
ajfa-11810	240	10	[	[	X
ajfa-11810	240	11	2.383	2.383	NUM
ajfa-11810	240	12	]	]	PUNCT
ajfa-11810	240	13	[	[	X
ajfa-11810	240	14	1.841	1.841	NUM
ajfa-11810	240	15	]	]	X
ajfa-11810	240	16	big	big	ADJ
ajfa-11810	240	17	4	4	NUM
ajfa-11810	240	18	auditor	auditor	NOUN
ajfa-11810	240	19	0.155	0.155	NUM
ajfa-11810	240	20	-0.218	-0.218	NOUN
ajfa-11810	241	1	[	[	X
ajfa-11810	241	2	0.620	0.620	NUM
ajfa-11810	241	3	]	]	X
ajfa-11810	242	1	[	[	X
ajfa-11810	242	2	-0.794	-0.794	X
ajfa-11810	242	3	]	]	X
ajfa-11810	242	4	bid	bid	NOUN
ajfa-11810	242	5	-	-	PUNCT
ajfa-11810	242	6	ask	ask	NOUN
ajfa-11810	242	7	spread	spread	NOUN
ajfa-11810	242	8	-71.044	-71.044	PROPN
ajfa-11810	242	9	*	*	PUNCT
ajfa-11810	242	10	*	*	PUNCT
ajfa-11810	242	11	*	*	PUNCT
ajfa-11810	242	12	-84.971	-84.971	PUNCT
ajfa-11810	242	13	*	*	PUNCT
ajfa-11810	242	14	*	*	PUNCT
ajfa-11810	242	15	*	*	PUNCT
ajfa-11810	242	16	-83.848	-83.848	NOUN
ajfa-11810	242	17	*	*	PUNCT
ajfa-11810	242	18	*	*	PUNCT
ajfa-11810	242	19	*	*	PUNCT
ajfa-11810	242	20	-74.153	-74.153	NOUN
ajfa-11810	242	21	*	*	PUNCT
ajfa-11810	242	22	*	*	PUNCT
ajfa-11810	242	23	*	*	PUNCT
ajfa-11810	243	1	[	[	X
ajfa-11810	243	2	-6.059	-6.059	X
ajfa-11810	243	3	]	]	X
ajfa-11810	244	1	[	[	X
ajfa-11810	244	2	-7.530	-7.530	X
ajfa-11810	244	3	]	]	X
ajfa-11810	245	1	[	[	X
ajfa-11810	245	2	-6.619	-6.619	X
ajfa-11810	245	3	]	]	X
ajfa-11810	245	4	[	[	X
ajfa-11810	245	5	-5.950	-5.950	X
ajfa-11810	245	6	]	]	X
ajfa-11810	245	7	log(intan	log(intan	PROPN
ajfa-11810	245	8	.	.	PUNCT
ajfa-11810	246	1	assets	asset	NOUN
ajfa-11810	246	2	)	)	PUNCT
ajfa-11810	246	3	0.082	0.082	NUM
ajfa-11810	246	4	*	*	SYM
ajfa-11810	246	5	0.111	0.111	NUM
ajfa-11810	246	6	*	*	PUNCT
ajfa-11810	246	7	*	*	PUNCT
ajfa-11810	246	8	0.110	0.110	NUM
ajfa-11810	246	9	*	*	NOUN
ajfa-11810	246	10	*	*	PUNCT
ajfa-11810	246	11	0.084	0.084	NUM
ajfa-11810	246	12	*	*	PUNCT
ajfa-11810	247	1	[	[	X
ajfa-11810	247	2	1.896	1.896	NUM
ajfa-11810	247	3	]	]	PUNCT
ajfa-11810	248	1	[	[	X
ajfa-11810	248	2	2.526	2.526	NUM
ajfa-11810	248	3	]	]	PUNCT
ajfa-11810	249	1	[	[	X
ajfa-11810	249	2	2.515	2.515	NUM
ajfa-11810	249	3	]	]	PUNCT
ajfa-11810	250	1	[	[	X
ajfa-11810	250	2	1.916	1.916	NUM
ajfa-11810	250	3	]	]	PUNCT
ajfa-11810	250	4	book	book	NOUN
ajfa-11810	250	5	-	-	PUNCT
ajfa-11810	250	6	to	to	ADP
ajfa-11810	250	7	-	-	PUNCT
ajfa-11810	250	8	market	market	NOUN
ajfa-11810	250	9	0.064	0.064	NUM
ajfa-11810	250	10	*	*	NOUN
ajfa-11810	250	11	*	*	PUNCT
ajfa-11810	250	12	*	*	PUNCT
ajfa-11810	250	13	0.062	0.062	NUM
ajfa-11810	250	14	*	*	PUNCT
ajfa-11810	250	15	*	*	PUNCT
ajfa-11810	250	16	*	*	PUNCT
ajfa-11810	250	17	0.058	0.058	NUM
ajfa-11810	250	18	*	*	PUNCT
ajfa-11810	250	19	*	*	PUNCT
ajfa-11810	250	20	*	*	PUNCT
ajfa-11810	250	21	0.067	0.067	NUM
ajfa-11810	250	22	*	*	PUNCT
ajfa-11810	250	23	*	*	PUNCT
ajfa-11810	250	24	*	*	PUNCT
ajfa-11810	251	1	[	[	X
ajfa-11810	251	2	3.353	3.353	NUM
ajfa-11810	251	3	]	]	PUNCT
ajfa-11810	251	4	[	[	X
ajfa-11810	251	5	3.301	3.301	NUM
ajfa-11810	251	6	]	]	PUNCT
ajfa-11810	252	1	[	[	X
ajfa-11810	252	2	3.185	3.185	NUM
ajfa-11810	252	3	]	]	PUNCT
ajfa-11810	252	4	[	[	X
ajfa-11810	252	5	3.434	3.434	NUM
ajfa-11810	252	6	]	]	PUNCT
ajfa-11810	252	7	return	return	NOUN
ajfa-11810	252	8	on	on	ADP
ajfa-11810	252	9	assets	asset	NOUN
ajfa-11810	252	10	-0.496	-0.496	PUNCT
ajfa-11810	252	11	-0.762	-0.762	NOUN
ajfa-11810	252	12	-0.696	-0.696	X
ajfa-11810	252	13	-0.576	-0.576	NOUN
ajfa-11810	252	14	asian	asian	ADJ
ajfa-11810	252	15	journal	journal	NOUN
ajfa-11810	252	16	of	of	ADP
ajfa-11810	252	17	finance	finance	PROPN
ajfa-11810	252	18	&	&	CCONJ
ajfa-11810	252	19	accounting	accounting	PROPN
ajfa-11810	252	20	issn	issn	PROPN
ajfa-11810	252	21	1946	1946	NUM
ajfa-11810	252	22	-	-	PUNCT
ajfa-11810	252	23	052x	052x	NOUN
ajfa-11810	252	24	2018	2018	NUM
ajfa-11810	252	25	,	,	PUNCT
ajfa-11810	252	26	vol	vol	NOUN
ajfa-11810	252	27	.	.	PROPN
ajfa-11810	253	1	10	10	NUM
ajfa-11810	253	2	,	,	PUNCT
ajfa-11810	253	3	no	no	INTJ
ajfa-11810	253	4	.	.	NOUN
ajfa-11810	253	5	1	1	NUM
ajfa-11810	253	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	253	7	98	98	NUM
ajfa-11810	254	1	[	[	NOUN
ajfa-11810	254	2	-0.472	-0.472	X
ajfa-11810	254	3	]	]	X
ajfa-11810	255	1	[	[	X
ajfa-11810	255	2	-0.716	-0.716	X
ajfa-11810	255	3	]	]	X
ajfa-11810	255	4	[	[	X
ajfa-11810	255	5	-0.668	-0.668	X
ajfa-11810	255	6	]	]	X
ajfa-11810	255	7	[	[	X
ajfa-11810	255	8	-0.535	-0.535	X
ajfa-11810	255	9	]	]	X
ajfa-11810	255	10	leverage	leverage	NOUN
ajfa-11810	255	11	-0.331	-0.331	NUM
ajfa-11810	255	12	-0.096	-0.096	NOUN
ajfa-11810	255	13	-0.084	-0.084	PUNCT
ajfa-11810	255	14	-0.313	-0.313	PUNCT
ajfa-11810	256	1	[	[	X
ajfa-11810	256	2	-0.753	-0.753	X
ajfa-11810	256	3	]	]	X
ajfa-11810	257	1	[	[	X
ajfa-11810	257	2	-0.222	-0.222	X
ajfa-11810	257	3	]	]	X
ajfa-11810	258	1	[	[	X
ajfa-11810	258	2	-0.191	-0.191	X
ajfa-11810	258	3	]	]	X
ajfa-11810	259	1	[	[	X
ajfa-11810	259	2	-0.713	-0.713	X
ajfa-11810	259	3	]	]	X
ajfa-11810	259	4	initial	initial	ADJ
ajfa-11810	259	5	auditor	auditor	NOUN
ajfa-11810	259	6	year	year	NOUN
ajfa-11810	259	7	0.058	0.058	NUM
ajfa-11810	259	8	0.036	0.036	NUM
ajfa-11810	259	9	0.038	0.038	NUM
ajfa-11810	259	10	0.044	0.044	NUM
ajfa-11810	260	1	[	[	X
ajfa-11810	260	2	0.331	0.331	NUM
ajfa-11810	260	3	]	]	PUNCT
ajfa-11810	261	1	[	[	X
ajfa-11810	261	2	0.206	0.206	NUM
ajfa-11810	261	3	]	]	X
ajfa-11810	261	4	[	[	X
ajfa-11810	261	5	0.215	0.215	X
ajfa-11810	261	6	]	]	X
ajfa-11810	261	7	[	[	X
ajfa-11810	261	8	0.247	0.247	NUM
ajfa-11810	261	9	]	]	PUNCT
ajfa-11810	261	10	log(other	log(other	ADJ
ajfa-11810	261	11	fees	fee	NOUN
ajfa-11810	261	12	)	)	PUNCT
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ajfa-11810	261	14	*	*	PUNCT
ajfa-11810	261	15	*	*	PUNCT
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ajfa-11810	261	17	*	*	PUNCT
ajfa-11810	261	18	*	*	PUNCT
ajfa-11810	261	19	*	*	PUNCT
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ajfa-11810	261	21	*	*	PUNCT
ajfa-11810	261	22	*	*	PUNCT
ajfa-11810	261	23	*	*	PUNCT
ajfa-11810	261	24	0.048	0.048	NUM
ajfa-11810	261	25	*	*	PUNCT
ajfa-11810	262	1	[	[	X
ajfa-11810	262	2	2.002	2.002	NUM
ajfa-11810	262	3	]	]	X
ajfa-11810	262	4	[	[	X
ajfa-11810	262	5	2.789	2.789	NUM
ajfa-11810	262	6	]	]	PUNCT
ajfa-11810	263	1	[	[	X
ajfa-11810	263	2	2.938	2.938	NUM
ajfa-11810	263	3	]	]	PUNCT
ajfa-11810	263	4	[	[	X
ajfa-11810	263	5	1.920	1.920	NUM
ajfa-11810	263	6	]	]	SYM
ajfa-11810	263	7	log(properties	log(propertie	NOUN
ajfa-11810	263	8	)	)	PUNCT
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ajfa-11810	263	10	*	*	PUNCT
ajfa-11810	263	11	*	*	PUNCT
ajfa-11810	263	12	*	*	PUNCT
ajfa-11810	263	13	0.208	0.208	NUM
ajfa-11810	263	14	*	*	PUNCT
ajfa-11810	263	15	*	*	PUNCT
ajfa-11810	263	16	*	*	PUNCT
ajfa-11810	263	17	0.233	0.233	NUM
ajfa-11810	263	18	*	*	PUNCT
ajfa-11810	263	19	*	*	PUNCT
ajfa-11810	263	20	*	*	PUNCT
ajfa-11810	263	21	0.191	0.191	NUM
ajfa-11810	263	22	*	*	PUNCT
ajfa-11810	263	23	*	*	PUNCT
ajfa-11810	263	24	*	*	PUNCT
ajfa-11810	264	1	[	[	X
ajfa-11810	264	2	4.029	4.029	NUM
ajfa-11810	264	3	]	]	PUNCT
ajfa-11810	265	1	[	[	X
ajfa-11810	265	2	3.901	3.901	NUM
ajfa-11810	265	3	]	]	PUNCT
ajfa-11810	266	1	[	[	X
ajfa-11810	266	2	4.419	4.419	NUM
ajfa-11810	266	3	]	]	PUNCT
ajfa-11810	267	1	[	[	X
ajfa-11810	267	2	3.651	3.651	NUM
ajfa-11810	267	3	]	]	PUNCT
ajfa-11810	267	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	267	5	)	)	PUNCT
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ajfa-11810	267	7	*	*	PUNCT
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ajfa-11810	267	9	*	*	PUNCT
ajfa-11810	267	10	*	*	PUNCT
ajfa-11810	267	11	*	*	PUNCT
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ajfa-11810	267	13	*	*	PUNCT
ajfa-11810	267	14	*	*	PUNCT
ajfa-11810	267	15	*	*	PUNCT
ajfa-11810	267	16	0.126	0.126	PUNCT
ajfa-11810	267	17	*	*	PUNCT
ajfa-11810	267	18	*	*	PUNCT
ajfa-11810	268	1	[	[	X
ajfa-11810	268	2	1.774	1.774	NUM
ajfa-11810	268	3	]	]	X
ajfa-11810	268	4	[	[	X
ajfa-11810	268	5	3.444	3.444	NUM
ajfa-11810	268	6	]	]	PUNCT
ajfa-11810	268	7	[	[	X
ajfa-11810	268	8	3.027	3.027	NUM
ajfa-11810	268	9	]	]	PUNCT
ajfa-11810	269	1	[	[	X
ajfa-11810	269	2	2.114	2.114	NUM
ajfa-11810	269	3	]	]	PUNCT
ajfa-11810	269	4	foreign	foreign	ADJ
ajfa-11810	269	5	operations	operation	NOUN
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ajfa-11810	269	8	-0.355	-0.355	PUNCT
ajfa-11810	269	9	-0.759	-0.759	PUNCT
ajfa-11810	270	1	[	[	X
ajfa-11810	270	2	-1.321	-1.321	X
ajfa-11810	270	3	]	]	X
ajfa-11810	271	1	[	[	X
ajfa-11810	271	2	-0.797	-0.797	X
ajfa-11810	271	3	]	]	X
ajfa-11810	272	1	[	[	X
ajfa-11810	272	2	-0.667	-0.667	X
ajfa-11810	272	3	]	]	X
ajfa-11810	273	1	[	[	X
ajfa-11810	273	2	-1.391	-1.391	X
ajfa-11810	273	3	]	]	X
ajfa-11810	273	4	extra	extra	ADJ
ajfa-11810	273	5	/	/	SYM
ajfa-11810	273	6	disc	disc	NOUN
ajfa-11810	273	7	items	item	NOUN
ajfa-11810	273	8	-0.011	-0.011	PUNCT
ajfa-11810	273	9	0.064	0.064	NUM
ajfa-11810	273	10	0.043	0.043	NUM
ajfa-11810	273	11	0.010	0.010	NUM
ajfa-11810	274	1	[	[	X
ajfa-11810	274	2	-0.082	-0.082	X
ajfa-11810	274	3	]	]	X
ajfa-11810	275	1	[	[	X
ajfa-11810	275	2	0.456	0.456	NUM
ajfa-11810	275	3	]	]	X
ajfa-11810	276	1	[	[	X
ajfa-11810	276	2	0.301	0.301	NUM
ajfa-11810	276	3	]	]	X
ajfa-11810	277	1	[	[	X
ajfa-11810	277	2	0.071	0.071	NUM
ajfa-11810	277	3	]	]	X
ajfa-11810	277	4	constant	constant	ADJ
ajfa-11810	277	5	-2.029	-2.029	NOUN
ajfa-11810	277	6	2.474	2.474	NUM
ajfa-11810	277	7	*	*	PUNCT
ajfa-11810	277	8	*	*	PUNCT
ajfa-11810	277	9	*	*	PUNCT
ajfa-11810	277	10	2.484	2.484	NUM
ajfa-11810	277	11	*	*	PUNCT
ajfa-11810	277	12	*	*	PUNCT
ajfa-11810	277	13	*	*	PUNCT
ajfa-11810	277	14	-1.811	-1.811	PUNCT
ajfa-11810	278	1	[	[	X
ajfa-11810	278	2	-1.517	-1.517	X
ajfa-11810	278	3	]	]	X
ajfa-11810	279	1	[	[	X
ajfa-11810	279	2	4.789	4.789	NUM
ajfa-11810	279	3	]	]	X
ajfa-11810	279	4	[	[	X
ajfa-11810	279	5	4.441	4.441	NUM
ajfa-11810	279	6	]	]	PUNCT
ajfa-11810	279	7	[	[	X
ajfa-11810	279	8	-1.331	-1.331	X
ajfa-11810	279	9	]	]	X
ajfa-11810	279	10	#	#	NOUN
ajfa-11810	279	11	observations	observation	NOUN
ajfa-11810	279	12	953	953	NUM
ajfa-11810	279	13	953	953	NUM
ajfa-11810	279	14	953	953	NUM
ajfa-11810	279	15	953	953	NUM
ajfa-11810	279	16	f	f	PROPN
ajfa-11810	279	17	17.759	17.759	NUM
ajfa-11810	279	18	16.396	16.396	NUM
ajfa-11810	279	19	16.651	16.651	NUM
ajfa-11810	279	20	17.103	17.103	NUM
ajfa-11810	279	21	adjusted	adjust	VERB
ajfa-11810	279	22	r2	r2	NOUN
ajfa-11810	279	23	0.261	0.261	NUM
ajfa-11810	279	24	0.255	0.255	NUM
ajfa-11810	279	25	0.250	0.250	NUM
ajfa-11810	279	26	0.263	0.263	NUM
ajfa-11810	279	27	notes	note	NOUN
ajfa-11810	279	28	:	:	PUNCT
ajfa-11810	279	29	in	in	ADP
ajfa-11810	279	30	all	all	DET
ajfa-11810	279	31	models	model	NOUN
ajfa-11810	279	32	,	,	PUNCT
ajfa-11810	279	33	the	the	DET
ajfa-11810	279	34	dependent	dependent	ADJ
ajfa-11810	279	35	variable	variable	NOUN
ajfa-11810	279	36	is	be	AUX
ajfa-11810	279	37	log(equity	log(equity	NOUN
ajfa-11810	279	38	investment	investment	NOUN
ajfa-11810	279	39	)	)	PUNCT
ajfa-11810	279	40	,	,	PUNCT
ajfa-11810	279	41	with	with	ADP
ajfa-11810	279	42	the	the	DET
ajfa-11810	279	43	model	model	NOUN
ajfa-11810	279	44	variation	variation	NOUN
ajfa-11810	279	45	being	be	AUX
ajfa-11810	279	46	the	the	DET
ajfa-11810	279	47	respective	respective	ADJ
ajfa-11810	279	48	inclusion	inclusion	NOUN
ajfa-11810	279	49	or	or	CCONJ
ajfa-11810	279	50	exclusion	exclusion	NOUN
ajfa-11810	279	51	of	of	ADP
ajfa-11810	279	52	log(audit	log(audit	NOUN
ajfa-11810	279	53	fees	fee	NOUN
ajfa-11810	279	54	)	)	PUNCT
ajfa-11810	279	55	,	,	PUNCT
ajfa-11810	279	56	specialist	specialist	NOUN
ajfa-11810	279	57	,	,	PUNCT
ajfa-11810	279	58	and	and	CCONJ
ajfa-11810	279	59	big	big	ADJ
ajfa-11810	279	60	4	4	NUM
ajfa-11810	279	61	auditor	auditor	NOUN
ajfa-11810	279	62	.	.	PUNCT
ajfa-11810	280	1	bid	bid	NOUN
ajfa-11810	280	2	-	-	PUNCT
ajfa-11810	280	3	ask	ask	NOUN
ajfa-11810	280	4	spread	spread	NOUN
ajfa-11810	280	5	is	be	AUX
ajfa-11810	280	6	an	an	DET
ajfa-11810	280	7	often	often	ADV
ajfa-11810	280	8	-	-	PUNCT
ajfa-11810	280	9	used	use	VERB
ajfa-11810	280	10	measure	measure	NOUN
ajfa-11810	280	11	to	to	PART
ajfa-11810	280	12	capture	capture	VERB
ajfa-11810	280	13	transparency	transparency	NOUN
ajfa-11810	280	14	.	.	PUNCT
ajfa-11810	281	1	log(intan	log(intan	PROPN
ajfa-11810	281	2	.	.	PUNCT
ajfa-11810	282	1	assets	asset	NOUN
ajfa-11810	282	2	)	)	PUNCT
ajfa-11810	282	3	captures	capture	VERB
ajfa-11810	282	4	firm	firm	NOUN
ajfa-11810	282	5	's	's	PART
ajfa-11810	282	6	level	level	NOUN
ajfa-11810	282	7	of	of	ADP
ajfa-11810	282	8	information	information	NOUN
ajfa-11810	282	9	asymmetry	asymmetry	NOUN
ajfa-11810	282	10	or	or	CCONJ
ajfa-11810	282	11	opacity.book	opacity.book	PROPN
ajfa-11810	282	12	-	-	PUNCT
ajfa-11810	282	13	to	to	ADP
ajfa-11810	282	14	-	-	PUNCT
ajfa-11810	282	15	market	market	NOUN
ajfa-11810	282	16	,	,	PUNCT
ajfa-11810	282	17	return	return	VERB
ajfa-11810	282	18	on	on	ADP
ajfa-11810	282	19	assets	asset	NOUN
ajfa-11810	282	20	,	,	PUNCT
ajfa-11810	282	21	and	and	CCONJ
ajfa-11810	282	22	leverage	leverage	NOUN
ajfa-11810	282	23	capture	capture	VERB
ajfa-11810	282	24	individual	individual	ADJ
ajfa-11810	282	25	reit	reit	PROPN
ajfa-11810	282	26	firm	firm	PROPN
ajfa-11810	282	27	characteristics	characteristic	NOUN
ajfa-11810	282	28	.	.	PUNCT
ajfa-11810	283	1	initial	initial	ADJ
ajfa-11810	283	2	and	and	CCONJ
ajfa-11810	283	3	log(other	log(other	ADJ
ajfa-11810	283	4	fees	fee	NOUN
ajfa-11810	283	5	)	)	PUNCT
ajfa-11810	283	6	capture	capture	VERB
ajfa-11810	283	7	individual	individual	ADJ
ajfa-11810	283	8	reit	reit	PROPN
ajfa-11810	283	9	-	-	PUNCT
ajfa-11810	283	10	auditor	auditor	NOUN
ajfa-11810	283	11	relationships	relationship	NOUN
ajfa-11810	283	12	.	.	PUNCT
ajfa-11810	284	1	log(properties	log(propertie	NOUN
ajfa-11810	284	2	)	)	PUNCT
ajfa-11810	284	3	,	,	PUNCT
ajfa-11810	284	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	284	5	)	)	PUNCT
ajfa-11810	284	6	,	,	PUNCT
ajfa-11810	284	7	foreign	foreign	ADJ
ajfa-11810	284	8	,	,	PUNCT
ajfa-11810	284	9	and	and	CCONJ
ajfa-11810	284	10	extra	extra	ADJ
ajfa-11810	284	11	/	/	SYM
ajfa-11810	284	12	disc	disc	NOUN
ajfa-11810	284	13	items	item	NOUN
ajfa-11810	284	14	capture	capture	VERB
ajfa-11810	284	15	firm	firm	ADJ
ajfa-11810	284	16	complexity	complexity	NOUN
ajfa-11810	284	17	.	.	PUNCT
ajfa-11810	285	1	reit	reit	PROPN
ajfa-11810	285	2	type	type	NOUN
ajfa-11810	285	3	and	and	CCONJ
ajfa-11810	285	4	year	year	NOUN
ajfa-11810	285	5	dummies	dummy	NOUN
ajfa-11810	285	6	not	not	PART
ajfa-11810	285	7	reported	report	VERB
ajfa-11810	285	8	.	.	PUNCT
ajfa-11810	286	1	regression	regression	NOUN
ajfa-11810	286	2	estimations	estimation	NOUN
ajfa-11810	286	3	are	be	AUX
ajfa-11810	286	4	robust	robust	ADJ
ajfa-11810	286	5	and	and	CCONJ
ajfa-11810	286	6	statistical	statistical	ADJ
ajfa-11810	286	7	significance	significance	NOUN
ajfa-11810	286	8	shown	show	VERB
ajfa-11810	286	9	as	as	ADP
ajfa-11810	286	10	:	:	PUNCT
ajfa-11810	286	11	*	*	PUNCT
ajfa-11810	286	12	p	p	X
ajfa-11810	286	13	<	<	X
ajfa-11810	286	14	0.05	0.05	NUM
ajfa-11810	286	15	,	,	PUNCT
ajfa-11810	286	16	*	*	PUNCT
ajfa-11810	286	17	*	*	PUNCT
ajfa-11810	286	18	p	p	X
ajfa-11810	286	19	<	<	X
ajfa-11810	286	20	0.01	0.01	NUM
ajfa-11810	286	21	,	,	PUNCT
ajfa-11810	286	22	*	*	PUNCT
ajfa-11810	286	23	*	*	PUNCT
ajfa-11810	286	24	*	*	PUNCT
ajfa-11810	287	1	p	p	X
ajfa-11810	287	2	<	<	X
ajfa-11810	287	3	0.001	0.001	NUM
ajfa-11810	287	4	,	,	PUNCT
ajfa-11810	287	5	respectively	respectively	ADV
ajfa-11810	287	6	.	.	PUNCT
ajfa-11810	287	7	table	table	NOUN
ajfa-11810	287	8	7	7	NUM
ajfa-11810	287	9	below	below	ADV
ajfa-11810	287	10	shows	show	VERB
ajfa-11810	287	11	the	the	DET
ajfa-11810	287	12	results	result	NOUN
ajfa-11810	287	13	for	for	ADP
ajfa-11810	287	14	testing	testing	NOUN
ajfa-11810	287	15	hypothesis	hypothesis	NOUN
ajfa-11810	287	16	1(b	1(b	NUM
ajfa-11810	287	17	)	)	PUNCT
ajfa-11810	287	18	that	that	SCONJ
ajfa-11810	287	19	there	there	PRON
ajfa-11810	287	20	is	be	VERB
ajfa-11810	287	21	a	a	DET
ajfa-11810	287	22	positive	positive	ADJ
ajfa-11810	287	23	association	association	NOUN
ajfa-11810	287	24	between	between	ADP
ajfa-11810	287	25	the	the	DET
ajfa-11810	287	26	audit	audit	NOUN
ajfa-11810	287	27	process	process	NOUN
ajfa-11810	287	28	and	and	CCONJ
ajfa-11810	287	29	debt	debt	NOUN
ajfa-11810	287	30	investment	investment	NOUN
ajfa-11810	287	31	in	in	ADP
ajfa-11810	287	32	reits	reit	NOUN
ajfa-11810	287	33	.	.	PUNCT
ajfa-11810	288	1	results	result	NOUN
ajfa-11810	288	2	show	show	VERB
ajfa-11810	288	3	stronger	strong	ADJ
ajfa-11810	288	4	,	,	PUNCT
ajfa-11810	288	5	albeit	albeit	SCONJ
ajfa-11810	288	6	still	still	ADV
ajfa-11810	288	7	partial	partial	ADJ
ajfa-11810	288	8	support	support	NOUN
ajfa-11810	288	9	for	for	ADP
ajfa-11810	288	10	the	the	DET
ajfa-11810	288	11	hypothesis	hypothesis	NOUN
ajfa-11810	288	12	.	.	PUNCT
ajfa-11810	289	1	in	in	ADP
ajfa-11810	289	2	models	model	NOUN
ajfa-11810	289	3	2a	2a	NUM
ajfa-11810	289	4	,	,	PUNCT
ajfa-11810	289	5	2b	2b	NOUN
ajfa-11810	289	6	,	,	PUNCT
ajfa-11810	289	7	and	and	CCONJ
ajfa-11810	289	8	2c	2c	NOUN
ajfa-11810	289	9	,	,	PUNCT
ajfa-11810	289	10	the	the	DET
ajfa-11810	289	11	coefficients	coefficient	NOUN
ajfa-11810	289	12	for	for	ADP
ajfa-11810	289	13	each	each	PRON
ajfa-11810	289	14	of	of	ADP
ajfa-11810	289	15	the	the	DET
ajfa-11810	289	16	audit	audit	NOUN
ajfa-11810	289	17	-	-	PUNCT
ajfa-11810	289	18	related	relate	VERB
ajfa-11810	289	19	attributes	attribute	NOUN
ajfa-11810	289	20	are	be	AUX
ajfa-11810	289	21	positive	positive	ADJ
ajfa-11810	289	22	and	and	CCONJ
ajfa-11810	289	23	significant	significant	ADJ
ajfa-11810	289	24	(	(	PUNCT
ajfa-11810	289	25	log(audit	log(audit	NOUN
ajfa-11810	289	26	fees	fee	NOUN
ajfa-11810	289	27	)	)	PUNCT
ajfa-11810	289	28	,	,	PUNCT
ajfa-11810	289	29	β	β	X
ajfa-11810	289	30	=	=	SYM
ajfa-11810	289	31	0.697	0.697	NUM
ajfa-11810	289	32	;	;	PUNCT
ajfa-11810	289	33	specialist	specialist	NOUN
ajfa-11810	289	34	,	,	PUNCT
ajfa-11810	289	35	β	β	X
ajfa-11810	289	36	=	=	NOUN
ajfa-11810	289	37	0.368	0.368	NUM
ajfa-11810	289	38	;	;	PUNCT
ajfa-11810	289	39	and	and	CCONJ
ajfa-11810	289	40	,	,	PUNCT
ajfa-11810	289	41	big	big	ADJ
ajfa-11810	289	42	4	4	NUM
ajfa-11810	289	43	auditor	auditor	NOUN
ajfa-11810	289	44	,	,	PUNCT
ajfa-11810	289	45	β	β	NOUN
ajfa-11810	289	46	=	=	SYM
ajfa-11810	289	47	0.454	0.454	NUM
ajfa-11810	289	48	,	,	PUNCT
ajfa-11810	289	49	respectively	respectively	ADV
ajfa-11810	289	50	)	)	PUNCT
ajfa-11810	289	51	,	,	PUNCT
ajfa-11810	289	52	while	while	SCONJ
ajfa-11810	289	53	in	in	ADP
ajfa-11810	289	54	model	model	NOUN
ajfa-11810	289	55	2d	2d	NOUN
ajfa-11810	289	56	,	,	PUNCT
ajfa-11810	289	57	only	only	ADV
ajfa-11810	289	58	the	the	DET
ajfa-11810	289	59	coefficients	coefficient	NOUN
ajfa-11810	289	60	asian	asian	ADJ
ajfa-11810	289	61	journal	journal	NOUN
ajfa-11810	289	62	of	of	ADP
ajfa-11810	289	63	finance	finance	PROPN
ajfa-11810	289	64	&	&	CCONJ
ajfa-11810	289	65	accounting	accounting	PROPN
ajfa-11810	289	66	issn	issn	PROPN
ajfa-11810	289	67	1946	1946	NUM
ajfa-11810	289	68	-	-	PUNCT
ajfa-11810	289	69	052x	052x	NOUN
ajfa-11810	289	70	2018	2018	NUM
ajfa-11810	289	71	,	,	PUNCT
ajfa-11810	289	72	vol	vol	NOUN
ajfa-11810	289	73	.	.	PROPN
ajfa-11810	290	1	10	10	NUM
ajfa-11810	290	2	,	,	PUNCT
ajfa-11810	290	3	no	no	INTJ
ajfa-11810	290	4	.	.	NOUN
ajfa-11810	290	5	1	1	NUM
ajfa-11810	290	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	290	7	99	99	NUM
ajfa-11810	290	8	for	for	ADP
ajfa-11810	290	9	log(audit	log(audit	NOUN
ajfa-11810	290	10	fees	fee	NOUN
ajfa-11810	290	11	)	)	PUNCT
ajfa-11810	290	12	and	and	CCONJ
ajfa-11810	290	13	specialist	specialist	NOUN
ajfa-11810	290	14	are	be	AUX
ajfa-11810	290	15	positive	positive	ADJ
ajfa-11810	290	16	and	and	CCONJ
ajfa-11810	290	17	significant	significant	ADJ
ajfa-11810	290	18	(	(	PUNCT
ajfa-11810	290	19	β	β	X
ajfa-11810	290	20	=	=	SYM
ajfa-11810	290	21	0.679	0.679	NUM
ajfa-11810	290	22	and	and	CCONJ
ajfa-11810	290	23	β	β	X
ajfa-11810	290	24	=	=	SYM
ajfa-11810	290	25	0.218	0.218	NUM
ajfa-11810	290	26	,	,	PUNCT
ajfa-11810	290	27	respectively	respectively	ADV
ajfa-11810	290	28	)	)	PUNCT
ajfa-11810	290	29	.	.	PUNCT
ajfa-11810	291	1	when	when	SCONJ
ajfa-11810	291	2	viewed	view	VERB
ajfa-11810	291	3	independently	independently	ADV
ajfa-11810	291	4	of	of	ADP
ajfa-11810	291	5	each	each	DET
ajfa-11810	291	6	other	other	ADJ
ajfa-11810	291	7	,	,	PUNCT
ajfa-11810	291	8	these	these	DET
ajfa-11810	291	9	results	result	NOUN
ajfa-11810	291	10	suggest	suggest	VERB
ajfa-11810	291	11	that	that	SCONJ
ajfa-11810	291	12	investors	investor	NOUN
ajfa-11810	291	13	are	be	AUX
ajfa-11810	291	14	willing	willing	ADJ
ajfa-11810	291	15	to	to	PART
ajfa-11810	291	16	invest	invest	VERB
ajfa-11810	291	17	in	in	ADP
ajfa-11810	291	18	reit	reit	NOUN
ajfa-11810	291	19	debt	debt	NOUN
ajfa-11810	291	20	when	when	SCONJ
ajfa-11810	291	21	reits	reit	NOUN
ajfa-11810	291	22	increase	increase	VERB
ajfa-11810	291	23	their	their	PRON
ajfa-11810	291	24	financial	financial	ADJ
ajfa-11810	291	25	transparency	transparency	NOUN
ajfa-11810	291	26	(	(	PUNCT
ajfa-11810	291	27	as	as	SCONJ
ajfa-11810	291	28	captured	capture	VERB
ajfa-11810	291	29	by	by	ADP
ajfa-11810	291	30	higher	high	ADJ
ajfa-11810	291	31	audit	audit	NOUN
ajfa-11810	291	32	fees	fee	NOUN
ajfa-11810	291	33	or	or	CCONJ
ajfa-11810	291	34	hiring	hire	VERB
ajfa-11810	291	35	industry	industry	NOUN
ajfa-11810	291	36	-	-	PUNCT
ajfa-11810	291	37	audit	audit	NOUN
ajfa-11810	291	38	specialists	specialist	NOUN
ajfa-11810	291	39	or	or	CCONJ
ajfa-11810	291	40	hiring	hire	VERB
ajfa-11810	291	41	auditors	auditor	NOUN
ajfa-11810	291	42	with	with	ADP
ajfa-11810	291	43	higher	high	ADJ
ajfa-11810	291	44	reputations	reputation	NOUN
ajfa-11810	291	45	)	)	PUNCT
ajfa-11810	291	46	.	.	PUNCT
ajfa-11810	292	1	table	table	NOUN
ajfa-11810	292	2	7	7	NUM
ajfa-11810	292	3	.	.	PUNCT
ajfa-11810	293	1	results	result	NOUN
ajfa-11810	293	2	of	of	ADP
ajfa-11810	293	3	ols	ol	NOUN
ajfa-11810	293	4	regression	regression	NOUN
ajfa-11810	293	5	testing	test	VERB
ajfa-11810	293	6	the	the	DET
ajfa-11810	293	7	expectation	expectation	NOUN
ajfa-11810	293	8	of	of	ADP
ajfa-11810	293	9	a	a	DET
ajfa-11810	293	10	positive	positive	ADJ
ajfa-11810	293	11	association	association	NOUN
ajfa-11810	293	12	between	between	ADP
ajfa-11810	293	13	audit	audit	NOUN
ajfa-11810	293	14	-	-	PUNCT
ajfa-11810	293	15	related	relate	VERB
ajfa-11810	293	16	attributes	attribute	NOUN
ajfa-11810	293	17	and	and	CCONJ
ajfa-11810	293	18	debt	debt	NOUN
ajfa-11810	293	19	investment	investment	NOUN
ajfa-11810	293	20	in	in	ADP
ajfa-11810	293	21	reits	reits	PROPN
ajfa-11810	293	22	variable	variable	ADJ
ajfa-11810	293	23	model	model	PROPN
ajfa-11810	293	24	2a	2a	PROPN
ajfa-11810	293	25	model	model	PROPN
ajfa-11810	293	26	2b	2b	PROPN
ajfa-11810	293	27	model	model	PROPN
ajfa-11810	293	28	2c	2c	NUM
ajfa-11810	293	29	model	model	NOUN
ajfa-11810	293	30	2d	2d	PROPN
ajfa-11810	293	31	coefficient	coefficient	PROPN
ajfa-11810	293	32	coefficient	coefficient	NOUN
ajfa-11810	293	33	coefficient	coefficient	NOUN
ajfa-11810	293	34	coefficient	coefficient	NOUN
ajfa-11810	294	1	[	[	X
ajfa-11810	294	2	t	t	NOUN
ajfa-11810	294	3	-	-	PUNCT
ajfa-11810	294	4	statistic	statistic	NOUN
ajfa-11810	294	5	]	]	X
ajfa-11810	295	1	[	[	X
ajfa-11810	295	2	t	t	NOUN
ajfa-11810	295	3	-	-	PUNCT
ajfa-11810	295	4	statistic	statistic	NOUN
ajfa-11810	295	5	]	]	X
ajfa-11810	296	1	[	[	X
ajfa-11810	296	2	t	t	NOUN
ajfa-11810	296	3	-	-	PUNCT
ajfa-11810	296	4	statistic	statistic	NOUN
ajfa-11810	296	5	]	]	X
ajfa-11810	297	1	[	[	X
ajfa-11810	297	2	t	t	NOUN
ajfa-11810	297	3	-	-	PUNCT
ajfa-11810	297	4	statistic	statistic	NOUN
ajfa-11810	297	5	]	]	PUNCT
ajfa-11810	297	6	log(audit	log(audit	NOUN
ajfa-11810	297	7	fees	fee	NOUN
ajfa-11810	297	8	)	)	PUNCT
ajfa-11810	297	9	0.697	0.697	NUM
ajfa-11810	297	10	*	*	PUNCT
ajfa-11810	297	11	*	*	PUNCT
ajfa-11810	297	12	*	*	PUNCT
ajfa-11810	297	13	0.679	0.679	NUM
ajfa-11810	297	14	*	*	PUNCT
ajfa-11810	297	15	*	*	PUNCT
ajfa-11810	297	16	*	*	PUNCT
ajfa-11810	298	1	[	[	X
ajfa-11810	298	2	10.701	10.701	NUM
ajfa-11810	298	3	]	]	X
ajfa-11810	298	4	[	[	X
ajfa-11810	298	5	9.740	9.740	NUM
ajfa-11810	298	6	]	]	PUNCT
ajfa-11810	298	7	specialist	specialist	NOUN
ajfa-11810	298	8	0.368	0.368	NUM
ajfa-11810	298	9	*	*	PUNCT
ajfa-11810	298	10	*	*	PUNCT
ajfa-11810	298	11	*	*	PUNCT
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ajfa-11810	298	13	*	*	PUNCT
ajfa-11810	298	14	*	*	PUNCT
ajfa-11810	298	15	*	*	PUNCT
ajfa-11810	299	1	[	[	X
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ajfa-11810	299	3	]	]	PUNCT
ajfa-11810	299	4	[	[	X
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ajfa-11810	299	6	]	]	X
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ajfa-11810	299	8	4	4	NUM
ajfa-11810	299	9	auditor	auditor	NOUN
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ajfa-11810	299	12	*	*	PUNCT
ajfa-11810	299	13	*	*	PUNCT
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ajfa-11810	300	1	[	[	X
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ajfa-11810	300	3	]	]	PUNCT
ajfa-11810	300	4	[	[	X
ajfa-11810	300	5	-0.929	-0.929	X
ajfa-11810	300	6	]	]	X
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ajfa-11810	300	8	-	-	PUNCT
ajfa-11810	300	9	ask	ask	NOUN
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ajfa-11810	300	12	*	*	PUNCT
ajfa-11810	300	13	*	*	PUNCT
ajfa-11810	300	14	*	*	PUNCT
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ajfa-11810	300	16	*	*	PUNCT
ajfa-11810	300	17	*	*	PUNCT
ajfa-11810	300	18	*	*	PUNCT
ajfa-11810	300	19	-63.406	-63.406	NOUN
ajfa-11810	300	20	*	*	PUNCT
ajfa-11810	300	21	*	*	PUNCT
ajfa-11810	300	22	*	*	PUNCT
ajfa-11810	300	23	-47.313	-47.313	PUNCT
ajfa-11810	300	24	*	*	PUNCT
ajfa-11810	300	25	*	*	PUNCT
ajfa-11810	300	26	*	*	PUNCT
ajfa-11810	301	1	[	[	X
ajfa-11810	301	2	-6.644	-6.644	X
ajfa-11810	301	3	]	]	X
ajfa-11810	302	1	[	[	X
ajfa-11810	302	2	-9.230	-9.230	X
ajfa-11810	302	3	]	]	X
ajfa-11810	303	1	[	[	X
ajfa-11810	303	2	-8.171	-8.171	X
ajfa-11810	303	3	]	]	X
ajfa-11810	304	1	[	[	X
ajfa-11810	304	2	-6.795	-6.795	X
ajfa-11810	304	3	]	]	X
ajfa-11810	304	4	log(intan	log(intan	PROPN
ajfa-11810	304	5	.	.	PUNCT
ajfa-11810	305	1	assets	asset	NOUN
ajfa-11810	305	2	)	)	PUNCT
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ajfa-11810	305	4	0.074	0.074	NUM
ajfa-11810	305	5	*	*	PUNCT
ajfa-11810	305	6	*	*	PUNCT
ajfa-11810	305	7	*	*	PUNCT
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ajfa-11810	305	9	*	*	PUNCT
ajfa-11810	305	10	*	*	PUNCT
ajfa-11810	305	11	*	*	PUNCT
ajfa-11810	305	12	0.029	0.029	NUM
ajfa-11810	306	1	[	[	X
ajfa-11810	306	2	1.263	1.263	NUM
ajfa-11810	306	3	]	]	PUNCT
ajfa-11810	307	1	[	[	X
ajfa-11810	307	2	3.253	3.253	NUM
ajfa-11810	307	3	]	]	PUNCT
ajfa-11810	308	1	[	[	X
ajfa-11810	308	2	3.186	3.186	NUM
ajfa-11810	308	3	]	]	PUNCT
ajfa-11810	308	4	[	[	X
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ajfa-11810	308	6	]	]	PUNCT
ajfa-11810	308	7	book	book	NOUN
ajfa-11810	308	8	-	-	PUNCT
ajfa-11810	308	9	to	to	ADP
ajfa-11810	308	10	-	-	PUNCT
ajfa-11810	308	11	market	market	NOUN
ajfa-11810	308	12	0.071	0.071	NUM
ajfa-11810	308	13	*	*	PUNCT
ajfa-11810	308	14	*	*	PUNCT
ajfa-11810	308	15	*	*	PUNCT
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ajfa-11810	308	17	*	*	PUNCT
ajfa-11810	308	18	*	*	PUNCT
ajfa-11810	308	19	*	*	PUNCT
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ajfa-11810	308	21	*	*	PUNCT
ajfa-11810	308	22	*	*	PUNCT
ajfa-11810	308	23	*	*	PUNCT
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ajfa-11810	308	25	*	*	PUNCT
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ajfa-11810	308	27	*	*	PUNCT
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ajfa-11810	309	3	]	]	PUNCT
ajfa-11810	310	1	[	[	X
ajfa-11810	310	2	4.513	4.513	NUM
ajfa-11810	310	3	]	]	PUNCT
ajfa-11810	311	1	[	[	X
ajfa-11810	311	2	4.294	4.294	NUM
ajfa-11810	311	3	]	]	PUNCT
ajfa-11810	311	4	[	[	X
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ajfa-11810	311	6	]	]	PUNCT
ajfa-11810	311	7	return	return	NOUN
ajfa-11810	311	8	on	on	ADP
ajfa-11810	311	9	assets	asset	NOUN
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ajfa-11810	311	11	0.321	0.321	NUM
ajfa-11810	311	12	0.454	0.454	NUM
ajfa-11810	311	13	0.690	0.690	NUM
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ajfa-11810	312	2	1.529	1.529	NUM
ajfa-11810	312	3	]	]	PUNCT
ajfa-11810	312	4	[	[	X
ajfa-11810	312	5	0.629	0.629	NUM
ajfa-11810	312	6	]	]	X
ajfa-11810	312	7	[	[	X
ajfa-11810	312	8	0.900	0.900	NUM
ajfa-11810	312	9	]	]	PUNCT
ajfa-11810	312	10	[	[	X
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ajfa-11810	312	12	]	]	PUNCT
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ajfa-11810	312	17	*	*	PUNCT
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ajfa-11810	312	19	*	*	PUNCT
ajfa-11810	312	20	*	*	PUNCT
ajfa-11810	312	21	*	*	PUNCT
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ajfa-11810	312	24	*	*	PUNCT
ajfa-11810	312	25	*	*	PUNCT
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ajfa-11810	312	28	*	*	PUNCT
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ajfa-11810	313	2	13.367	13.367	NUM
ajfa-11810	313	3	]	]	X
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ajfa-11810	313	6	]	]	X
ajfa-11810	313	7	[	[	X
ajfa-11810	313	8	13.628	13.628	X
ajfa-11810	313	9	]	]	X
ajfa-11810	313	10	[	[	X
ajfa-11810	313	11	13.382	13.382	NUM
ajfa-11810	313	12	]	]	X
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ajfa-11810	313	17	0.035	0.035	NUM
ajfa-11810	313	18	0.070	0.070	NUM
ajfa-11810	313	19	0.076	0.076	NUM
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ajfa-11810	315	3	]	]	X
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ajfa-11810	315	9	)	)	PUNCT
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ajfa-11810	316	1	[	[	X
ajfa-11810	316	2	0.246	0.246	NUM
ajfa-11810	316	3	]	]	X
ajfa-11810	317	1	[	[	X
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ajfa-11810	317	3	]	]	PUNCT
ajfa-11810	318	1	[	[	X
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ajfa-11810	319	3	]	]	PUNCT
ajfa-11810	319	4	log(properties	log(propertie	NOUN
ajfa-11810	319	5	)	)	PUNCT
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ajfa-11810	319	8	*	*	PUNCT
ajfa-11810	319	9	*	*	PUNCT
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ajfa-11810	319	11	*	*	PUNCT
ajfa-11810	319	12	*	*	PUNCT
ajfa-11810	319	13	*	*	PUNCT
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ajfa-11810	319	15	*	*	PUNCT
ajfa-11810	319	16	*	*	PUNCT
ajfa-11810	319	17	*	*	NOUN
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ajfa-11810	319	19	*	*	PUNCT
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ajfa-11810	319	21	*	*	PUNCT
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ajfa-11810	321	3	]	]	PUNCT
ajfa-11810	322	1	[	[	X
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ajfa-11810	322	3	]	]	PUNCT
ajfa-11810	323	1	[	[	X
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ajfa-11810	323	3	]	]	PUNCT
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ajfa-11810	323	8	&	&	CCONJ
ajfa-11810	323	9	accounting	accounting	PROPN
ajfa-11810	323	10	issn	issn	PROPN
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ajfa-11810	323	12	-	-	PUNCT
ajfa-11810	323	13	052x	052x	NOUN
ajfa-11810	323	14	2018	2018	NUM
ajfa-11810	323	15	,	,	PUNCT
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ajfa-11810	323	19	,	,	PUNCT
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ajfa-11810	323	21	.	.	NOUN
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ajfa-11810	323	25	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	323	26	)	)	PUNCT
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ajfa-11810	323	29	*	*	PUNCT
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ajfa-11810	323	31	*	*	PUNCT
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ajfa-11810	324	6	*	*	PUNCT
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ajfa-11810	325	3	]	]	PUNCT
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ajfa-11810	326	3	]	]	PUNCT
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ajfa-11810	327	3	]	]	PUNCT
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ajfa-11810	328	3	]	]	PUNCT
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ajfa-11810	328	8	0.271	0.271	NUM
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ajfa-11810	329	3	]	]	X
ajfa-11810	330	1	[	[	X
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ajfa-11810	330	3	]	]	PUNCT
ajfa-11810	331	1	[	[	X
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ajfa-11810	331	3	]	]	PUNCT
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ajfa-11810	331	6	]	]	X
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ajfa-11810	331	8	/	/	SYM
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ajfa-11810	331	13	*	*	PUNCT
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ajfa-11810	331	23	*	*	PUNCT
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ajfa-11810	331	25	*	*	PUNCT
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ajfa-11810	332	3	]	]	PUNCT
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ajfa-11810	332	6	]	]	X
ajfa-11810	332	7	[	[	X
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ajfa-11810	332	9	]	]	PUNCT
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ajfa-11810	333	8	*	*	PUNCT
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ajfa-11810	333	10	*	*	PUNCT
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ajfa-11810	333	20	*	*	PUNCT
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ajfa-11810	335	1	[	[	X
ajfa-11810	335	2	9.261	9.261	NUM
ajfa-11810	335	3	]	]	PUNCT
ajfa-11810	336	1	[	[	X
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ajfa-11810	336	3	]	]	PUNCT
ajfa-11810	337	1	[	[	X
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ajfa-11810	337	3	]	]	X
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ajfa-11810	337	7	953	953	NUM
ajfa-11810	337	8	953	953	NUM
ajfa-11810	337	9	953	953	NUM
ajfa-11810	337	10	f	f	PROPN
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ajfa-11810	337	12	60.441	60.441	NUM
ajfa-11810	337	13	61.604	61.604	NUM
ajfa-11810	337	14	79.313	79.313	NUM
ajfa-11810	337	15	adjusted	adjust	VERB
ajfa-11810	337	16	r2	r2	NOUN
ajfa-11810	337	17	0.713	0.713	ADP
ajfa-11810	337	18	0.670	0.670	NUM
ajfa-11810	337	19	0.665	0.665	NUM
ajfa-11810	337	20	0.715	0.715	NUM
ajfa-11810	337	21	notes	note	NOUN
ajfa-11810	337	22	:	:	PUNCT
ajfa-11810	337	23	in	in	ADP
ajfa-11810	337	24	all	all	DET
ajfa-11810	337	25	models	model	NOUN
ajfa-11810	337	26	,	,	PUNCT
ajfa-11810	337	27	the	the	DET
ajfa-11810	337	28	dependent	dependent	ADJ
ajfa-11810	337	29	variable	variable	NOUN
ajfa-11810	337	30	is	be	AUX
ajfa-11810	337	31	log(debt	log(debt	ADP
ajfa-11810	337	32	investment	investment	NOUN
ajfa-11810	337	33	)	)	PUNCT
ajfa-11810	337	34	,	,	PUNCT
ajfa-11810	337	35	with	with	ADP
ajfa-11810	337	36	the	the	DET
ajfa-11810	337	37	model	model	NOUN
ajfa-11810	337	38	variation	variation	NOUN
ajfa-11810	337	39	being	be	AUX
ajfa-11810	337	40	the	the	DET
ajfa-11810	337	41	respective	respective	ADJ
ajfa-11810	337	42	inclusion	inclusion	NOUN
ajfa-11810	337	43	or	or	CCONJ
ajfa-11810	337	44	exclusion	exclusion	NOUN
ajfa-11810	337	45	of	of	ADP
ajfa-11810	337	46	log(audit	log(audit	NOUN
ajfa-11810	337	47	fees	fee	NOUN
ajfa-11810	337	48	)	)	PUNCT
ajfa-11810	337	49	,	,	PUNCT
ajfa-11810	337	50	specialist	specialist	NOUN
ajfa-11810	337	51	,	,	PUNCT
ajfa-11810	337	52	and	and	CCONJ
ajfa-11810	337	53	big	big	ADJ
ajfa-11810	337	54	4	4	NUM
ajfa-11810	337	55	auditor	auditor	NOUN
ajfa-11810	337	56	.	.	PUNCT
ajfa-11810	338	1	bid	bid	NOUN
ajfa-11810	338	2	-	-	PUNCT
ajfa-11810	338	3	ask	ask	NOUN
ajfa-11810	338	4	spread	spread	NOUN
ajfa-11810	338	5	is	be	AUX
ajfa-11810	338	6	an	an	DET
ajfa-11810	338	7	often	often	ADV
ajfa-11810	338	8	-	-	PUNCT
ajfa-11810	338	9	used	use	VERB
ajfa-11810	338	10	measure	measure	NOUN
ajfa-11810	338	11	to	to	PART
ajfa-11810	338	12	capture	capture	VERB
ajfa-11810	338	13	transparency	transparency	NOUN
ajfa-11810	338	14	.	.	PUNCT
ajfa-11810	339	1	log(intan	log(intan	PROPN
ajfa-11810	339	2	.	.	PUNCT
ajfa-11810	340	1	assets	asset	NOUN
ajfa-11810	340	2	)	)	PUNCT
ajfa-11810	340	3	captures	capture	VERB
ajfa-11810	340	4	firm	firm	NOUN
ajfa-11810	340	5	's	's	PART
ajfa-11810	340	6	level	level	NOUN
ajfa-11810	340	7	of	of	ADP
ajfa-11810	340	8	information	information	NOUN
ajfa-11810	340	9	asymmetry	asymmetry	NOUN
ajfa-11810	340	10	or	or	CCONJ
ajfa-11810	340	11	opacity.book	opacity.book	PROPN
ajfa-11810	340	12	-	-	PUNCT
ajfa-11810	340	13	to	to	ADP
ajfa-11810	340	14	-	-	PUNCT
ajfa-11810	340	15	market	market	NOUN
ajfa-11810	340	16	,	,	PUNCT
ajfa-11810	340	17	return	return	VERB
ajfa-11810	340	18	on	on	ADP
ajfa-11810	340	19	assets	asset	NOUN
ajfa-11810	340	20	,	,	PUNCT
ajfa-11810	340	21	and	and	CCONJ
ajfa-11810	340	22	leverage	leverage	NOUN
ajfa-11810	340	23	capture	capture	VERB
ajfa-11810	340	24	individual	individual	ADJ
ajfa-11810	340	25	reit	reit	PROPN
ajfa-11810	340	26	firm	firm	PROPN
ajfa-11810	340	27	characteristics	characteristic	NOUN
ajfa-11810	340	28	.	.	PUNCT
ajfa-11810	341	1	initial	initial	ADJ
ajfa-11810	341	2	and	and	CCONJ
ajfa-11810	341	3	log(other	log(other	ADJ
ajfa-11810	341	4	fees	fee	NOUN
ajfa-11810	341	5	)	)	PUNCT
ajfa-11810	341	6	capture	capture	VERB
ajfa-11810	341	7	individual	individual	ADJ
ajfa-11810	341	8	reit	reit	PROPN
ajfa-11810	341	9	-	-	PUNCT
ajfa-11810	341	10	auditor	auditor	NOUN
ajfa-11810	341	11	relationships	relationship	NOUN
ajfa-11810	341	12	.	.	PUNCT
ajfa-11810	342	1	log(properties	log(propertie	NOUN
ajfa-11810	342	2	)	)	PUNCT
ajfa-11810	342	3	,	,	PUNCT
ajfa-11810	342	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	342	5	)	)	PUNCT
ajfa-11810	342	6	,	,	PUNCT
ajfa-11810	342	7	foreign	foreign	ADJ
ajfa-11810	342	8	,	,	PUNCT
ajfa-11810	342	9	and	and	CCONJ
ajfa-11810	342	10	extra	extra	ADJ
ajfa-11810	342	11	/	/	SYM
ajfa-11810	342	12	disc	disc	NOUN
ajfa-11810	342	13	items	item	NOUN
ajfa-11810	342	14	capture	capture	VERB
ajfa-11810	342	15	firm	firm	ADJ
ajfa-11810	342	16	complexity	complexity	NOUN
ajfa-11810	342	17	.	.	PUNCT
ajfa-11810	343	1	reit	reit	PROPN
ajfa-11810	343	2	type	type	NOUN
ajfa-11810	343	3	and	and	CCONJ
ajfa-11810	343	4	year	year	NOUN
ajfa-11810	343	5	dummies	dummy	NOUN
ajfa-11810	343	6	not	not	PART
ajfa-11810	343	7	reported	report	VERB
ajfa-11810	343	8	.	.	PUNCT
ajfa-11810	344	1	regression	regression	NOUN
ajfa-11810	344	2	estimations	estimation	NOUN
ajfa-11810	344	3	are	be	AUX
ajfa-11810	344	4	robust	robust	ADJ
ajfa-11810	344	5	and	and	CCONJ
ajfa-11810	344	6	statistical	statistical	ADJ
ajfa-11810	344	7	significance	significance	NOUN
ajfa-11810	344	8	shown	show	VERB
ajfa-11810	344	9	as	as	ADP
ajfa-11810	344	10	:	:	PUNCT
ajfa-11810	344	11	*	*	PUNCT
ajfa-11810	344	12	p	p	X
ajfa-11810	344	13	<	<	X
ajfa-11810	344	14	0.05	0.05	NUM
ajfa-11810	344	15	,	,	PUNCT
ajfa-11810	344	16	*	*	PUNCT
ajfa-11810	344	17	*	*	PUNCT
ajfa-11810	344	18	p	p	X
ajfa-11810	344	19	<	<	X
ajfa-11810	344	20	0.01	0.01	NUM
ajfa-11810	344	21	,	,	PUNCT
ajfa-11810	344	22	*	*	PUNCT
ajfa-11810	344	23	*	*	PUNCT
ajfa-11810	344	24	*	*	PUNCT
ajfa-11810	345	1	p	p	X
ajfa-11810	345	2	<	<	X
ajfa-11810	345	3	0.001	0.001	NUM
ajfa-11810	345	4	,	,	PUNCT
ajfa-11810	345	5	respectively	respectively	ADV
ajfa-11810	345	6	.	.	PUNCT
ajfa-11810	345	7	table	table	NOUN
ajfa-11810	345	8	8	8	NUM
ajfa-11810	345	9	below	below	ADV
ajfa-11810	345	10	shows	show	VERB
ajfa-11810	345	11	the	the	DET
ajfa-11810	345	12	results	result	NOUN
ajfa-11810	345	13	of	of	ADP
ajfa-11810	345	14	testing	test	VERB
ajfa-11810	345	15	hypothesis	hypothesis	NOUN
ajfa-11810	345	16	1(c	1(c	NUM
ajfa-11810	345	17	)	)	PUNCT
ajfa-11810	345	18	that	that	SCONJ
ajfa-11810	345	19	there	there	PRON
ajfa-11810	345	20	is	be	VERB
ajfa-11810	345	21	a	a	DET
ajfa-11810	345	22	positive	positive	ADJ
ajfa-11810	345	23	association	association	NOUN
ajfa-11810	345	24	between	between	ADP
ajfa-11810	345	25	the	the	DET
ajfa-11810	345	26	audit	audit	NOUN
ajfa-11810	345	27	process	process	NOUN
ajfa-11810	345	28	and	and	CCONJ
ajfa-11810	345	29	combined	combine	VERB
ajfa-11810	345	30	equity	equity	NOUN
ajfa-11810	345	31	and	and	CCONJ
ajfa-11810	345	32	debt	debt	NOUN
ajfa-11810	345	33	investment	investment	NOUN
ajfa-11810	345	34	in	in	ADP
ajfa-11810	345	35	reits	reit	NOUN
ajfa-11810	345	36	.	.	PUNCT
ajfa-11810	346	1	in	in	ADP
ajfa-11810	346	2	models	model	NOUN
ajfa-11810	346	3	3a	3a	NUM
ajfa-11810	346	4	,	,	PUNCT
ajfa-11810	346	5	3b	3b	NUM
ajfa-11810	346	6	,	,	PUNCT
ajfa-11810	346	7	and	and	CCONJ
ajfa-11810	346	8	3c	3c	NUM
ajfa-11810	346	9	,	,	PUNCT
ajfa-11810	346	10	the	the	DET
ajfa-11810	346	11	coefficients	coefficient	NOUN
ajfa-11810	346	12	for	for	ADP
ajfa-11810	346	13	log(audit	log(audit	NOUN
ajfa-11810	346	14	fees	fee	NOUN
ajfa-11810	346	15	)	)	PUNCT
ajfa-11810	346	16	,	,	PUNCT
ajfa-11810	346	17	specialist	specialist	NOUN
ajfa-11810	346	18	,	,	PUNCT
ajfa-11810	346	19	and	and	CCONJ
ajfa-11810	346	20	big	big	ADJ
ajfa-11810	346	21	4	4	NUM
ajfa-11810	346	22	auditor	auditor	NOUN
ajfa-11810	346	23	are	be	AUX
ajfa-11810	346	24	all	all	ADV
ajfa-11810	346	25	positive	positive	ADJ
ajfa-11810	346	26	and	and	CCONJ
ajfa-11810	346	27	significant	significant	ADJ
ajfa-11810	346	28	(	(	PUNCT
ajfa-11810	346	29	β	β	X
ajfa-11810	346	30	=	=	SYM
ajfa-11810	346	31	0.693	0.693	NUM
ajfa-11810	346	32	,	,	PUNCT
ajfa-11810	346	33	β	β	X
ajfa-11810	346	34	=	=	PUNCT
ajfa-11810	346	35	0.384	0.384	NUM
ajfa-11810	346	36	,	,	PUNCT
ajfa-11810	346	37	and	and	CCONJ
ajfa-11810	346	38	β	β	X
ajfa-11810	346	39	=	=	SYM
ajfa-11810	346	40	0.497	0.497	NUM
ajfa-11810	346	41	,	,	PUNCT
ajfa-11810	346	42	respectively	respectively	ADV
ajfa-11810	346	43	)	)	PUNCT
ajfa-11810	346	44	.	.	PUNCT
ajfa-11810	347	1	however	however	ADV
ajfa-11810	347	2	,	,	PUNCT
ajfa-11810	347	3	in	in	ADP
ajfa-11810	347	4	model	model	NOUN
ajfa-11810	347	5	3d	3d	NOUN
ajfa-11810	347	6	,	,	PUNCT
ajfa-11810	347	7	only	only	ADV
ajfa-11810	347	8	the	the	DET
ajfa-11810	347	9	coefficients	coefficient	NOUN
ajfa-11810	347	10	for	for	ADP
ajfa-11810	347	11	log(audit	log(audit	NOUN
ajfa-11810	347	12	fees	fee	NOUN
ajfa-11810	347	13	)	)	PUNCT
ajfa-11810	347	14	and	and	CCONJ
ajfa-11810	347	15	specialist	specialist	NOUN
ajfa-11810	347	16	are	be	AUX
ajfa-11810	347	17	positive	positive	ADJ
ajfa-11810	347	18	and	and	CCONJ
ajfa-11810	347	19	significant	significant	ADJ
ajfa-11810	347	20	(	(	PUNCT
ajfa-11810	347	21	β	β	X
ajfa-11810	347	22	=	=	X
ajfa-11810	347	23	0.668	0.668	NUM
ajfa-11810	347	24	and	and	CCONJ
ajfa-11810	347	25	β	β	X
ajfa-11810	347	26	=	=	NOUN
ajfa-11810	347	27	0.234	0.234	NUM
ajfa-11810	347	28	,	,	PUNCT
ajfa-11810	347	29	respectively	respectively	ADV
ajfa-11810	347	30	)	)	PUNCT
ajfa-11810	347	31	.	.	PUNCT
ajfa-11810	348	1	these	these	DET
ajfa-11810	348	2	results	result	NOUN
ajfa-11810	348	3	suggest	suggest	VERB
ajfa-11810	348	4	that	that	SCONJ
ajfa-11810	348	5	investors	investor	NOUN
ajfa-11810	348	6	are	be	AUX
ajfa-11810	348	7	willing	willing	ADJ
ajfa-11810	348	8	to	to	PART
ajfa-11810	348	9	invest	invest	VERB
ajfa-11810	348	10	in	in	ADP
ajfa-11810	348	11	reit	reit	PROPN
ajfa-11810	348	12	equity	equity	NOUN
ajfa-11810	348	13	and	and	CCONJ
ajfa-11810	348	14	debt	debt	NOUN
ajfa-11810	348	15	when	when	SCONJ
ajfa-11810	348	16	reits	reit	NOUN
ajfa-11810	348	17	increase	increase	VERB
ajfa-11810	348	18	their	their	PRON
ajfa-11810	348	19	financial	financial	ADJ
ajfa-11810	348	20	transparency	transparency	NOUN
ajfa-11810	348	21	(	(	PUNCT
ajfa-11810	348	22	either	either	CCONJ
ajfa-11810	348	23	as	as	SCONJ
ajfa-11810	348	24	captured	capture	VERB
ajfa-11810	348	25	by	by	ADP
ajfa-11810	348	26	higher	high	ADJ
ajfa-11810	348	27	audit	audit	NOUN
ajfa-11810	348	28	fees	fee	NOUN
ajfa-11810	348	29	,	,	PUNCT
ajfa-11810	348	30	hiring	hire	VERB
ajfa-11810	348	31	industry	industry	NOUN
ajfa-11810	348	32	-	-	PUNCT
ajfa-11810	348	33	audit	audit	NOUN
ajfa-11810	348	34	specialists	specialist	NOUN
ajfa-11810	348	35	,	,	PUNCT
ajfa-11810	348	36	or	or	CCONJ
ajfa-11810	348	37	hiring	hire	VERB
ajfa-11810	348	38	auditors	auditor	NOUN
ajfa-11810	348	39	with	with	ADP
ajfa-11810	348	40	higher	high	ADJ
ajfa-11810	348	41	reputations	reputation	NOUN
ajfa-11810	348	42	)	)	PUNCT
ajfa-11810	348	43	.	.	PUNCT
ajfa-11810	349	1	asian	asian	ADJ
ajfa-11810	349	2	journal	journal	PROPN
ajfa-11810	349	3	of	of	ADP
ajfa-11810	349	4	finance	finance	PROPN
ajfa-11810	349	5	&	&	CCONJ
ajfa-11810	349	6	accounting	accounting	PROPN
ajfa-11810	349	7	issn	issn	PROPN
ajfa-11810	349	8	1946	1946	NUM
ajfa-11810	349	9	-	-	PUNCT
ajfa-11810	349	10	052x	052x	NOUN
ajfa-11810	349	11	2018	2018	NUM
ajfa-11810	349	12	,	,	PUNCT
ajfa-11810	349	13	vol	vol	NOUN
ajfa-11810	349	14	.	.	PROPN
ajfa-11810	349	15	10	10	NUM
ajfa-11810	349	16	,	,	PUNCT
ajfa-11810	349	17	no	no	INTJ
ajfa-11810	349	18	.	.	NOUN
ajfa-11810	349	19	1	1	NUM
ajfa-11810	349	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	349	21	101	101	NUM
ajfa-11810	349	22	table	table	NOUN
ajfa-11810	349	23	8	8	NUM
ajfa-11810	349	24	.	.	PUNCT
ajfa-11810	350	1	results	result	NOUN
ajfa-11810	350	2	of	of	ADP
ajfa-11810	350	3	ols	ol	NOUN
ajfa-11810	350	4	regression	regression	NOUN
ajfa-11810	350	5	testing	test	VERB
ajfa-11810	350	6	the	the	DET
ajfa-11810	350	7	expectation	expectation	NOUN
ajfa-11810	350	8	of	of	ADP
ajfa-11810	350	9	a	a	DET
ajfa-11810	350	10	positive	positive	ADJ
ajfa-11810	350	11	association	association	NOUN
ajfa-11810	350	12	between	between	ADP
ajfa-11810	350	13	audit	audit	NOUN
ajfa-11810	350	14	-	-	PUNCT
ajfa-11810	350	15	related	relate	VERB
ajfa-11810	350	16	attributes	attribute	NOUN
ajfa-11810	350	17	and	and	CCONJ
ajfa-11810	350	18	combined	combine	VERB
ajfa-11810	350	19	equity	equity	NOUN
ajfa-11810	350	20	and	and	CCONJ
ajfa-11810	350	21	debt	debt	NOUN
ajfa-11810	350	22	investment	investment	NOUN
ajfa-11810	350	23	in	in	ADP
ajfa-11810	350	24	reits	reits	PROPN
ajfa-11810	350	25	variable	variable	ADJ
ajfa-11810	350	26	model	model	PROPN
ajfa-11810	350	27	3a	3a	PROPN
ajfa-11810	350	28	model	model	PROPN
ajfa-11810	350	29	3b	3b	PROPN
ajfa-11810	350	30	model	model	NOUN
ajfa-11810	350	31	3c	3c	NUM
ajfa-11810	350	32	model	model	NOUN
ajfa-11810	350	33	3d	3d	PROPN
ajfa-11810	350	34	coefficient	coefficient	PROPN
ajfa-11810	350	35	coefficient	coefficient	NOUN
ajfa-11810	350	36	coefficient	coefficient	NOUN
ajfa-11810	350	37	coefficient	coefficient	NOUN
ajfa-11810	351	1	[	[	X
ajfa-11810	351	2	t	t	NOUN
ajfa-11810	351	3	-	-	PUNCT
ajfa-11810	351	4	statistic	statistic	NOUN
ajfa-11810	351	5	]	]	X
ajfa-11810	352	1	[	[	X
ajfa-11810	352	2	t	t	NOUN
ajfa-11810	352	3	-	-	PUNCT
ajfa-11810	352	4	statistic	statistic	NOUN
ajfa-11810	352	5	]	]	X
ajfa-11810	353	1	[	[	X
ajfa-11810	353	2	t	t	NOUN
ajfa-11810	353	3	-	-	PUNCT
ajfa-11810	353	4	statistic	statistic	NOUN
ajfa-11810	353	5	]	]	X
ajfa-11810	354	1	[	[	X
ajfa-11810	354	2	t	t	NOUN
ajfa-11810	354	3	-	-	PUNCT
ajfa-11810	354	4	statistic	statistic	NOUN
ajfa-11810	354	5	]	]	PUNCT
ajfa-11810	354	6	log(audit	log(audit	NOUN
ajfa-11810	354	7	fees	fee	NOUN
ajfa-11810	354	8	)	)	PUNCT
ajfa-11810	354	9	0.693	0.693	NUM
ajfa-11810	354	10	*	*	PUNCT
ajfa-11810	354	11	*	*	PUNCT
ajfa-11810	354	12	*	*	PUNCT
ajfa-11810	354	13	0.668	0.668	NUM
ajfa-11810	354	14	*	*	PUNCT
ajfa-11810	354	15	*	*	PUNCT
ajfa-11810	354	16	*	*	PUNCT
ajfa-11810	355	1	[	[	X
ajfa-11810	355	2	10.499	10.499	NUM
ajfa-11810	355	3	]	]	X
ajfa-11810	355	4	[	[	X
ajfa-11810	355	5	9.447	9.447	NUM
ajfa-11810	355	6	]	]	PUNCT
ajfa-11810	355	7	specialist	specialist	NOUN
ajfa-11810	355	8	0.384	0.384	NUM
ajfa-11810	355	9	*	*	PUNCT
ajfa-11810	355	10	*	*	PUNCT
ajfa-11810	355	11	*	*	PUNCT
ajfa-11810	355	12	0.234	0.234	NUM
ajfa-11810	355	13	*	*	PUNCT
ajfa-11810	355	14	*	*	PUNCT
ajfa-11810	355	15	*	*	PUNCT
ajfa-11810	356	1	[	[	X
ajfa-11810	356	2	5.613	5.613	NUM
ajfa-11810	356	3	]	]	PUNCT
ajfa-11810	356	4	[	[	X
ajfa-11810	356	5	3.541	3.541	NUM
ajfa-11810	356	6	]	]	X
ajfa-11810	356	7	big	big	ADJ
ajfa-11810	356	8	4	4	NUM
ajfa-11810	356	9	auditor	auditor	NOUN
ajfa-11810	356	10	0.497	0.497	NUM
ajfa-11810	356	11	*	*	PUNCT
ajfa-11810	356	12	*	*	PUNCT
ajfa-11810	356	13	*	*	PUNCT
ajfa-11810	356	14	-0.057	-0.057	PUNCT
ajfa-11810	357	1	[	[	X
ajfa-11810	357	2	4.228	4.228	NUM
ajfa-11810	357	3	]	]	X
ajfa-11810	357	4	[	[	X
ajfa-11810	357	5	-0.501	-0.501	X
ajfa-11810	357	6	]	]	X
ajfa-11810	357	7	bid	bid	NOUN
ajfa-11810	357	8	-	-	PUNCT
ajfa-11810	357	9	ask	ask	NOUN
ajfa-11810	357	10	spread	spread	NOUN
ajfa-11810	357	11	-48.196	-48.196	NOUN
ajfa-11810	357	12	*	*	PUNCT
ajfa-11810	357	13	*	*	PUNCT
ajfa-11810	357	14	*	*	PUNCT
ajfa-11810	357	15	-72.102	-72.102	NOUN
ajfa-11810	357	16	*	*	PUNCT
ajfa-11810	357	17	*	*	PUNCT
ajfa-11810	357	18	*	*	PUNCT
ajfa-11810	357	19	-64.863	-64.863	PUNCT
ajfa-11810	357	20	*	*	PUNCT
ajfa-11810	357	21	*	*	PUNCT
ajfa-11810	357	22	*	*	PUNCT
ajfa-11810	357	23	-49.043	-49.043	NOUN
ajfa-11810	357	24	*	*	PUNCT
ajfa-11810	357	25	*	*	PUNCT
ajfa-11810	357	26	*	*	PUNCT
ajfa-11810	358	1	[	[	X
ajfa-11810	358	2	-6.971	-6.971	X
ajfa-11810	358	3	]	]	X
ajfa-11810	359	1	[	[	X
ajfa-11810	359	2	-9.466	-9.466	X
ajfa-11810	359	3	]	]	X
ajfa-11810	360	1	[	[	X
ajfa-11810	360	2	-8.317	-8.317	X
ajfa-11810	360	3	]	]	X
ajfa-11810	360	4	[	[	X
ajfa-11810	360	5	-7.003	-7.003	X
ajfa-11810	360	6	]	]	X
ajfa-11810	360	7	log(intan	log(intan	ADJ
ajfa-11810	360	8	.	.	PUNCT
ajfa-11810	361	1	assets	asset	NOUN
ajfa-11810	361	2	)	)	PUNCT
ajfa-11810	361	3	0.032	0.032	NUM
ajfa-11810	361	4	0.078	0.078	NUM
ajfa-11810	361	5	*	*	PUNCT
ajfa-11810	361	6	*	*	PUNCT
ajfa-11810	361	7	*	*	PUNCT
ajfa-11810	361	8	0.076	0.076	NUM
ajfa-11810	361	9	*	*	PUNCT
ajfa-11810	361	10	*	*	PUNCT
ajfa-11810	361	11	*	*	NOUN
ajfa-11810	361	12	0.034	0.034	NUM
ajfa-11810	362	1	[	[	X
ajfa-11810	362	2	1.457	1.457	NUM
ajfa-11810	362	3	]	]	PUNCT
ajfa-11810	362	4	[	[	X
ajfa-11810	362	5	3.430	3.430	NUM
ajfa-11810	362	6	]	]	PUNCT
ajfa-11810	363	1	[	[	X
ajfa-11810	363	2	3.361	3.361	NUM
ajfa-11810	363	3	]	]	PUNCT
ajfa-11810	364	1	[	[	X
ajfa-11810	364	2	1.540	1.540	NUM
ajfa-11810	364	3	]	]	PUNCT
ajfa-11810	364	4	book	book	NOUN
ajfa-11810	364	5	-	-	PUNCT
ajfa-11810	364	6	to	to	ADP
ajfa-11810	364	7	-	-	PUNCT
ajfa-11810	364	8	market	market	NOUN
ajfa-11810	364	9	0.062	0.062	NUM
ajfa-11810	364	10	*	*	NOUN
ajfa-11810	364	11	*	*	PUNCT
ajfa-11810	364	12	*	*	PUNCT
ajfa-11810	364	13	0.056	0.056	NUM
ajfa-11810	364	14	*	*	PUNCT
ajfa-11810	364	15	*	*	PUNCT
ajfa-11810	364	16	*	*	PUNCT
ajfa-11810	364	17	0.053	0.053	NUM
ajfa-11810	364	18	*	*	PUNCT
ajfa-11810	364	19	*	*	PUNCT
ajfa-11810	364	20	*	*	PUNCT
ajfa-11810	364	21	0.064	0.064	NUM
ajfa-11810	364	22	*	*	PUNCT
ajfa-11810	364	23	*	*	PUNCT
ajfa-11810	364	24	*	*	PUNCT
ajfa-11810	365	1	[	[	X
ajfa-11810	365	2	4.249	4.249	NUM
ajfa-11810	365	3	]	]	PUNCT
ajfa-11810	365	4	[	[	X
ajfa-11810	365	5	4.175	4.175	NUM
ajfa-11810	365	6	]	]	PUNCT
ajfa-11810	366	1	[	[	X
ajfa-11810	366	2	3.935	3.935	NUM
ajfa-11810	366	3	]	]	X
ajfa-11810	367	1	[	[	X
ajfa-11810	367	2	4.322	4.322	NUM
ajfa-11810	367	3	]	]	PUNCT
ajfa-11810	367	4	return	return	NOUN
ajfa-11810	367	5	on	on	ADP
ajfa-11810	367	6	assets	asset	NOUN
ajfa-11810	367	7	0.484	0.484	NUM
ajfa-11810	367	8	0.065	0.065	NUM
ajfa-11810	367	9	0.209	0.209	NUM
ajfa-11810	367	10	0.438	0.438	NUM
ajfa-11810	367	11	[	[	X
ajfa-11810	367	12	0.959	0.959	NUM
ajfa-11810	367	13	]	]	PUNCT
ajfa-11810	368	1	[	[	X
ajfa-11810	368	2	0.121	0.121	NUM
ajfa-11810	368	3	]	]	PUNCT
ajfa-11810	369	1	[	[	X
ajfa-11810	369	2	0.404	0.404	X
ajfa-11810	369	3	]	]	PUNCT
ajfa-11810	370	1	[	[	X
ajfa-11810	370	2	0.846	0.846	NUM
ajfa-11810	370	3	]	]	PUNCT
ajfa-11810	370	4	leverage	leverage	NOUN
ajfa-11810	370	5	3.468	3.468	NUM
ajfa-11810	370	6	*	*	SYM
ajfa-11810	370	7	*	*	PUNCT
ajfa-11810	370	8	*	*	PUNCT
ajfa-11810	370	9	3.879	3.879	NUM
ajfa-11810	370	10	*	*	PUNCT
ajfa-11810	370	11	*	*	PUNCT
ajfa-11810	370	12	*	*	PUNCT
ajfa-11810	370	13	3.828	3.828	NUM
ajfa-11810	370	14	*	*	PUNCT
ajfa-11810	370	15	*	*	PUNCT
ajfa-11810	370	16	*	*	PUNCT
ajfa-11810	370	17	3.468	3.468	NUM
ajfa-11810	370	18	*	*	PUNCT
ajfa-11810	370	19	*	*	PUNCT
ajfa-11810	370	20	*	*	PUNCT
ajfa-11810	371	1	[	[	X
ajfa-11810	371	2	11.731	11.731	NUM
ajfa-11810	371	3	]	]	X
ajfa-11810	372	1	[	[	X
ajfa-11810	372	2	12.393	12.393	NUM
ajfa-11810	372	3	]	]	X
ajfa-11810	373	1	[	[	X
ajfa-11810	373	2	12.124	12.124	NUM
ajfa-11810	373	3	]	]	X
ajfa-11810	373	4	[	[	X
ajfa-11810	373	5	11.722	11.722	NUM
ajfa-11810	373	6	]	]	PUNCT
ajfa-11810	373	7	initial	initial	ADJ
ajfa-11810	373	8	auditor	auditor	NOUN
ajfa-11810	373	9	year	year	NOUN
ajfa-11810	373	10	0.079	0.079	NUM
ajfa-11810	373	11	0.035	0.035	NUM
ajfa-11810	373	12	0.075	0.075	NUM
ajfa-11810	373	13	0.081	0.081	NUM
ajfa-11810	373	14	[	[	X
ajfa-11810	373	15	1.057	1.057	NUM
ajfa-11810	373	16	]	]	PUNCT
ajfa-11810	374	1	[	[	X
ajfa-11810	374	2	0.436	0.436	NUM
ajfa-11810	374	3	]	]	PUNCT
ajfa-11810	375	1	[	[	X
ajfa-11810	375	2	0.893	0.893	NUM
ajfa-11810	375	3	]	]	PUNCT
ajfa-11810	375	4	[	[	X
ajfa-11810	375	5	1.051	1.051	NUM
ajfa-11810	375	6	]	]	PUNCT
ajfa-11810	375	7	log(other	log(other	ADJ
ajfa-11810	375	8	fees	fee	NOUN
ajfa-11810	375	9	)	)	PUNCT
ajfa-11810	375	10	0.008	0.008	NUM
ajfa-11810	375	11	0.038	0.038	NUM
ajfa-11810	375	12	*	*	PUNCT
ajfa-11810	375	13	*	*	PUNCT
ajfa-11810	375	14	*	*	PUNCT
ajfa-11810	375	15	0.041	0.041	NUM
ajfa-11810	375	16	*	*	PUNCT
ajfa-11810	375	17	*	*	PUNCT
ajfa-11810	375	18	*	*	PUNCT
ajfa-11810	375	19	0.006	0.006	NUM
ajfa-11810	376	1	[	[	X
ajfa-11810	376	2	0.883	0.883	NUM
ajfa-11810	376	3	]	]	X
ajfa-11810	377	1	[	[	X
ajfa-11810	377	2	4.091	4.091	NUM
ajfa-11810	377	3	]	]	PUNCT
ajfa-11810	378	1	[	[	X
ajfa-11810	378	2	4.268	4.268	NUM
ajfa-11810	378	3	]	]	X
ajfa-11810	378	4	[	[	X
ajfa-11810	378	5	0.699	0.699	NUM
ajfa-11810	378	6	]	]	SYM
ajfa-11810	378	7	log(properties	log(propertie	NOUN
ajfa-11810	378	8	)	)	PUNCT
ajfa-11810	378	9	0.244	0.244	NUM
ajfa-11810	378	10	*	*	PUNCT
ajfa-11810	378	11	*	*	PUNCT
ajfa-11810	378	12	*	*	PUNCT
ajfa-11810	378	13	0.258	0.258	NUM
ajfa-11810	378	14	*	*	PUNCT
ajfa-11810	378	15	*	*	PUNCT
ajfa-11810	378	16	*	*	PUNCT
ajfa-11810	378	17	0.282	0.282	NUM
ajfa-11810	378	18	*	*	PUNCT
ajfa-11810	378	19	*	*	PUNCT
ajfa-11810	378	20	*	*	PUNCT
ajfa-11810	378	21	0.228	0.228	NUM
ajfa-11810	378	22	*	*	PUNCT
ajfa-11810	378	23	*	*	PUNCT
ajfa-11810	378	24	*	*	PUNCT
ajfa-11810	379	1	[	[	X
ajfa-11810	379	2	5.404	5.404	NUM
ajfa-11810	379	3	]	]	PUNCT
ajfa-11810	380	1	[	[	X
ajfa-11810	380	2	5.449	5.449	X
ajfa-11810	380	3	]	]	X
ajfa-11810	381	1	[	[	X
ajfa-11810	381	2	5.986	5.986	NUM
ajfa-11810	381	3	]	]	PUNCT
ajfa-11810	381	4	[	[	X
ajfa-11810	381	5	5.0370	5.0370	NUM
ajfa-11810	381	6	]	]	PUNCT
ajfa-11810	381	7	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	381	8	)	)	PUNCT
ajfa-11810	381	9	0.074	0.074	NUM
ajfa-11810	381	10	*	*	PUNCT
ajfa-11810	381	11	*	*	X
ajfa-11810	381	12	0.205	0.205	NUM
ajfa-11810	381	13	*	*	PUNCT
ajfa-11810	381	14	*	*	PUNCT
ajfa-11810	381	15	*	*	PUNCT
ajfa-11810	381	16	0.177	0.177	NUM
ajfa-11810	381	17	*	*	PUNCT
ajfa-11810	381	18	*	*	PUNCT
ajfa-11810	381	19	*	*	PUNCT
ajfa-11810	381	20	0.091	0.091	NUM
ajfa-11810	381	21	*	*	PUNCT
ajfa-11810	381	22	*	*	PUNCT
ajfa-11810	381	23	*	*	PUNCT
ajfa-11810	382	1	[	[	X
ajfa-11810	382	2	2.305	2.305	NUM
ajfa-11810	382	3	]	]	X
ajfa-11810	383	1	[	[	X
ajfa-11810	383	2	5.954	5.954	NUM
ajfa-11810	383	3	]	]	PUNCT
ajfa-11810	383	4	[	[	X
ajfa-11810	383	5	5.099	5.099	NUM
ajfa-11810	383	6	]	]	PUNCT
ajfa-11810	383	7	[	[	X
ajfa-11810	383	8	2.781	2.781	NUM
ajfa-11810	383	9	]	]	X
ajfa-11810	383	10	foreign	foreign	ADJ
ajfa-11810	383	11	operations	operation	NOUN
ajfa-11810	383	12	-0.388	-0.388	VERB
ajfa-11810	383	13	0.098	0.098	NUM
ajfa-11810	383	14	0.191	0.191	NUM
ajfa-11810	383	15	-0.420	-0.420	PUNCT
ajfa-11810	383	16	asian	asian	ADJ
ajfa-11810	383	17	journal	journal	NOUN
ajfa-11810	383	18	of	of	ADP
ajfa-11810	383	19	finance	finance	PROPN
ajfa-11810	383	20	&	&	CCONJ
ajfa-11810	383	21	accounting	accounting	PROPN
ajfa-11810	383	22	issn	issn	PROPN
ajfa-11810	383	23	1946	1946	NUM
ajfa-11810	383	24	-	-	PUNCT
ajfa-11810	383	25	052x	052x	NOUN
ajfa-11810	383	26	2018	2018	NUM
ajfa-11810	383	27	,	,	PUNCT
ajfa-11810	383	28	vol	vol	NOUN
ajfa-11810	383	29	.	.	PROPN
ajfa-11810	384	1	10	10	NUM
ajfa-11810	384	2	,	,	PUNCT
ajfa-11810	384	3	no	no	INTJ
ajfa-11810	384	4	.	.	NOUN
ajfa-11810	384	5	1	1	NUM
ajfa-11810	384	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	384	7	102	102	NUM
ajfa-11810	385	1	[	[	X
ajfa-11810	385	2	-1.561	-1.561	X
ajfa-11810	385	3	]	]	X
ajfa-11810	386	1	[	[	X
ajfa-11810	386	2	0.331	0.331	NUM
ajfa-11810	386	3	]	]	X
ajfa-11810	387	1	[	[	X
ajfa-11810	387	2	0.734	0.734	NUM
ajfa-11810	387	3	]	]	X
ajfa-11810	388	1	[	[	X
ajfa-11810	388	2	-1.565	-1.565	X
ajfa-11810	388	3	]	]	X
ajfa-11810	388	4	extra	extra	ADJ
ajfa-11810	388	5	/	/	SYM
ajfa-11810	388	6	disc	disc	NOUN
ajfa-11810	388	7	items	item	NOUN
ajfa-11810	388	8	0.138	0.138	NUM
ajfa-11810	388	9	*	*	PUNCT
ajfa-11810	388	10	0.253	0.253	NUM
ajfa-11810	388	11	*	*	PUNCT
ajfa-11810	388	12	*	*	PUNCT
ajfa-11810	388	13	*	*	PUNCT
ajfa-11810	388	14	0.218	0.218	NUM
ajfa-11810	388	15	*	*	PUNCT
ajfa-11810	388	16	*	*	PUNCT
ajfa-11810	388	17	*	*	PUNCT
ajfa-11810	388	18	0.154	0.154	NUM
ajfa-11810	388	19	*	*	PUNCT
ajfa-11810	388	20	*	*	PUNCT
ajfa-11810	389	1	[	[	X
ajfa-11810	389	2	1.885	1.885	NUM
ajfa-11810	389	3	]	]	PUNCT
ajfa-11810	389	4	[	[	X
ajfa-11810	389	5	3.291	3.291	NUM
ajfa-11810	389	6	]	]	X
ajfa-11810	390	1	[	[	X
ajfa-11810	390	2	2.812	2.812	NUM
ajfa-11810	390	3	]	]	PUNCT
ajfa-11810	391	1	[	[	X
ajfa-11810	391	2	2.117	2.117	NUM
ajfa-11810	391	3	]	]	PUNCT
ajfa-11810	391	4	constant	constant	ADJ
ajfa-11810	391	5	-3.670	-3.670	NOUN
ajfa-11810	391	6	*	*	PUNCT
ajfa-11810	391	7	*	*	PUNCT
ajfa-11810	391	8	*	*	PUNCT
ajfa-11810	391	9	3.834	3.834	NUM
ajfa-11810	391	10	*	*	PUNCT
ajfa-11810	391	11	*	*	PUNCT
ajfa-11810	391	12	*	*	PUNCT
ajfa-11810	391	13	3.533	3.533	NUM
ajfa-11810	391	14	*	*	PUNCT
ajfa-11810	391	15	*	*	PUNCT
ajfa-11810	391	16	*	*	PUNCT
ajfa-11810	391	17	-3.443	-3.443	PUNCT
ajfa-11810	391	18	*	*	PUNCT
ajfa-11810	391	19	*	*	PUNCT
ajfa-11810	391	20	*	*	PUNCT
ajfa-11810	392	1	[	[	X
ajfa-11810	392	2	-4.203	-4.203	X
ajfa-11810	392	3	]	]	X
ajfa-11810	393	1	[	[	X
ajfa-11810	393	2	10.082	10.082	NUM
ajfa-11810	393	3	]	]	X
ajfa-11810	394	1	[	[	X
ajfa-11810	394	2	8.875	8.875	NUM
ajfa-11810	394	3	]	]	PUNCT
ajfa-11810	395	1	[	[	X
ajfa-11810	395	2	-3.876	-3.876	X
ajfa-11810	395	3	]	]	X
ajfa-11810	395	4	#	#	NOUN
ajfa-11810	395	5	observations	observation	NOUN
ajfa-11810	395	6	953	953	NUM
ajfa-11810	395	7	953	953	NUM
ajfa-11810	395	8	953	953	NUM
ajfa-11810	395	9	953	953	NUM
ajfa-11810	395	10	f	f	NOUN
ajfa-11810	395	11	75.038	75.038	NUM
ajfa-11810	395	12	57.086	57.086	NUM
ajfa-11810	395	13	58.786	58.786	NUM
ajfa-11810	395	14	74.847	74.847	NUM
ajfa-11810	395	15	adjusted	adjust	VERB
ajfa-11810	395	16	r2	r2	NOUN
ajfa-11810	395	17	0.700	0.700	NUM
ajfa-11810	395	18	0.657	0.657	NUM
ajfa-11810	395	19	0.652	0.652	NUM
ajfa-11810	395	20	0.702	0.702	NUM
ajfa-11810	395	21	notes	note	NOUN
ajfa-11810	395	22	:	:	PUNCT
ajfa-11810	395	23	in	in	ADP
ajfa-11810	395	24	all	all	DET
ajfa-11810	395	25	models	model	NOUN
ajfa-11810	395	26	,	,	PUNCT
ajfa-11810	395	27	the	the	DET
ajfa-11810	395	28	dependent	dependent	ADJ
ajfa-11810	395	29	variable	variable	NOUN
ajfa-11810	395	30	is	be	AUX
ajfa-11810	395	31	log(equity	log(equity	NOUN
ajfa-11810	395	32	&	&	CCONJ
ajfa-11810	395	33	debt	debt	NOUN
ajfa-11810	395	34	investment	investment	NOUN
ajfa-11810	395	35	)	)	PUNCT
ajfa-11810	395	36	,	,	PUNCT
ajfa-11810	395	37	with	with	ADP
ajfa-11810	395	38	the	the	DET
ajfa-11810	395	39	model	model	NOUN
ajfa-11810	395	40	variation	variation	NOUN
ajfa-11810	395	41	being	be	AUX
ajfa-11810	395	42	the	the	DET
ajfa-11810	395	43	respective	respective	ADJ
ajfa-11810	395	44	inclusion	inclusion	NOUN
ajfa-11810	395	45	or	or	CCONJ
ajfa-11810	395	46	exclusion	exclusion	NOUN
ajfa-11810	395	47	of	of	ADP
ajfa-11810	395	48	log(audit	log(audit	NOUN
ajfa-11810	395	49	fees	fee	NOUN
ajfa-11810	395	50	)	)	PUNCT
ajfa-11810	395	51	,	,	PUNCT
ajfa-11810	395	52	specialist	specialist	NOUN
ajfa-11810	395	53	,	,	PUNCT
ajfa-11810	395	54	and	and	CCONJ
ajfa-11810	395	55	big	big	ADJ
ajfa-11810	395	56	4	4	NUM
ajfa-11810	395	57	auditor	auditor	NOUN
ajfa-11810	395	58	.	.	PUNCT
ajfa-11810	396	1	bid	bid	NOUN
ajfa-11810	396	2	-	-	PUNCT
ajfa-11810	396	3	ask	ask	NOUN
ajfa-11810	396	4	spread	spread	NOUN
ajfa-11810	396	5	is	be	AUX
ajfa-11810	396	6	an	an	DET
ajfa-11810	396	7	often	often	ADV
ajfa-11810	396	8	-	-	PUNCT
ajfa-11810	396	9	used	use	VERB
ajfa-11810	396	10	measure	measure	NOUN
ajfa-11810	396	11	to	to	PART
ajfa-11810	396	12	capture	capture	VERB
ajfa-11810	396	13	transparency	transparency	NOUN
ajfa-11810	396	14	.	.	PUNCT
ajfa-11810	397	1	log(intan.assets	log(intan.asset	NOUN
ajfa-11810	397	2	)	)	PUNCT
ajfa-11810	397	3	captures	capture	VERB
ajfa-11810	397	4	firm	firm	NOUN
ajfa-11810	397	5	's	's	PART
ajfa-11810	397	6	level	level	NOUN
ajfa-11810	397	7	of	of	ADP
ajfa-11810	397	8	information	information	NOUN
ajfa-11810	397	9	asymmetry	asymmetry	NOUN
ajfa-11810	397	10	or	or	CCONJ
ajfa-11810	397	11	opacity.book	opacity.book	PROPN
ajfa-11810	397	12	-	-	PUNCT
ajfa-11810	397	13	to	to	ADP
ajfa-11810	397	14	-	-	PUNCT
ajfa-11810	397	15	market	market	NOUN
ajfa-11810	397	16	,	,	PUNCT
ajfa-11810	397	17	return	return	VERB
ajfa-11810	397	18	on	on	ADP
ajfa-11810	397	19	assets	asset	NOUN
ajfa-11810	397	20	,	,	PUNCT
ajfa-11810	397	21	and	and	CCONJ
ajfa-11810	397	22	leverage	leverage	NOUN
ajfa-11810	397	23	capture	capture	VERB
ajfa-11810	397	24	individual	individual	ADJ
ajfa-11810	397	25	reit	reit	PROPN
ajfa-11810	397	26	firm	firm	PROPN
ajfa-11810	397	27	characteristics	characteristic	NOUN
ajfa-11810	397	28	.	.	PUNCT
ajfa-11810	398	1	initial	initial	ADJ
ajfa-11810	398	2	and	and	CCONJ
ajfa-11810	398	3	log(other	log(other	ADJ
ajfa-11810	398	4	fees	fee	NOUN
ajfa-11810	398	5	)	)	PUNCT
ajfa-11810	398	6	capture	capture	VERB
ajfa-11810	398	7	individual	individual	ADJ
ajfa-11810	398	8	reit	reit	PROPN
ajfa-11810	398	9	-	-	PUNCT
ajfa-11810	398	10	auditor	auditor	NOUN
ajfa-11810	398	11	relationships	relationship	NOUN
ajfa-11810	398	12	.	.	PUNCT
ajfa-11810	399	1	log(properties	log(propertie	NOUN
ajfa-11810	399	2	)	)	PUNCT
ajfa-11810	399	3	,	,	PUNCT
ajfa-11810	399	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	399	5	)	)	PUNCT
ajfa-11810	399	6	,	,	PUNCT
ajfa-11810	399	7	foreign	foreign	ADJ
ajfa-11810	399	8	,	,	PUNCT
ajfa-11810	399	9	and	and	CCONJ
ajfa-11810	399	10	extra	extra	ADJ
ajfa-11810	399	11	/	/	SYM
ajfa-11810	399	12	disc	disc	NOUN
ajfa-11810	399	13	items	item	NOUN
ajfa-11810	399	14	capture	capture	VERB
ajfa-11810	399	15	firm	firm	ADJ
ajfa-11810	399	16	complexity	complexity	NOUN
ajfa-11810	399	17	.	.	PUNCT
ajfa-11810	400	1	reit	reit	PROPN
ajfa-11810	400	2	type	type	NOUN
ajfa-11810	400	3	and	and	CCONJ
ajfa-11810	400	4	year	year	NOUN
ajfa-11810	400	5	dummies	dummy	NOUN
ajfa-11810	400	6	not	not	PART
ajfa-11810	400	7	reported	report	VERB
ajfa-11810	400	8	.	.	PUNCT
ajfa-11810	401	1	regression	regression	NOUN
ajfa-11810	401	2	estimations	estimation	NOUN
ajfa-11810	401	3	are	be	AUX
ajfa-11810	401	4	robust	robust	ADJ
ajfa-11810	401	5	and	and	CCONJ
ajfa-11810	401	6	statistical	statistical	ADJ
ajfa-11810	401	7	significance	significance	NOUN
ajfa-11810	401	8	shown	show	VERB
ajfa-11810	401	9	as	as	ADP
ajfa-11810	401	10	:	:	PUNCT
ajfa-11810	401	11	*	*	PUNCT
ajfa-11810	401	12	p	p	X
ajfa-11810	401	13	<	<	X
ajfa-11810	401	14	0.05	0.05	NUM
ajfa-11810	401	15	,	,	PUNCT
ajfa-11810	401	16	*	*	PUNCT
ajfa-11810	401	17	*	*	PUNCT
ajfa-11810	401	18	p	p	X
ajfa-11810	401	19	<	<	X
ajfa-11810	401	20	0.01	0.01	NUM
ajfa-11810	401	21	,	,	PUNCT
ajfa-11810	401	22	*	*	PUNCT
ajfa-11810	401	23	*	*	PUNCT
ajfa-11810	401	24	*	*	PUNCT
ajfa-11810	402	1	p	p	X
ajfa-11810	402	2	<	<	X
ajfa-11810	402	3	0.001	0.001	NUM
ajfa-11810	402	4	,	,	PUNCT
ajfa-11810	402	5	respectively	respectively	ADV
ajfa-11810	402	6	.	.	PUNCT
ajfa-11810	403	1	4.2.2	4.2.2	NUM
ajfa-11810	403	2	hypothesis	hypothesis	NOUN
ajfa-11810	403	3	2	2	NUM
ajfa-11810	403	4	results	result	VERB
ajfa-11810	403	5	table	table	NOUN
ajfa-11810	403	6	9	9	NUM
ajfa-11810	403	7	below	below	ADV
ajfa-11810	403	8	shows	show	VERB
ajfa-11810	403	9	the	the	DET
ajfa-11810	403	10	results	result	NOUN
ajfa-11810	403	11	for	for	ADP
ajfa-11810	403	12	testing	testing	NOUN
ajfa-11810	403	13	hypothesis	hypothesis	NOUN
ajfa-11810	403	14	2(a	2(a	NUM
ajfa-11810	403	15	)	)	PUNCT
ajfa-11810	403	16	that	that	SCONJ
ajfa-11810	403	17	the	the	DET
ajfa-11810	403	18	financial	financial	ADJ
ajfa-11810	403	19	crisis	crisis	NOUN
ajfa-11810	403	20	positively	positively	ADV
ajfa-11810	403	21	influenced	influence	VERB
ajfa-11810	403	22	the	the	DET
ajfa-11810	403	23	relationship	relationship	NOUN
ajfa-11810	403	24	between	between	ADP
ajfa-11810	403	25	the	the	DET
ajfa-11810	403	26	audit	audit	NOUN
ajfa-11810	403	27	process	process	NOUN
ajfa-11810	403	28	and	and	CCONJ
ajfa-11810	403	29	equity	equity	NOUN
ajfa-11810	403	30	investment	investment	NOUN
ajfa-11810	403	31	in	in	ADP
ajfa-11810	403	32	reits	reit	NOUN
ajfa-11810	403	33	.	.	PUNCT
ajfa-11810	404	1	as	as	SCONJ
ajfa-11810	404	2	stated	state	VERB
ajfa-11810	404	3	earlier	early	ADV
ajfa-11810	404	4	,	,	PUNCT
ajfa-11810	404	5	the	the	DET
ajfa-11810	404	6	financial	financial	ADJ
ajfa-11810	404	7	crisis	crisis	NOUN
ajfa-11810	404	8	caused	cause	VERB
ajfa-11810	404	9	major	major	ADJ
ajfa-11810	404	10	disruptions	disruption	NOUN
ajfa-11810	404	11	in	in	ADP
ajfa-11810	404	12	the	the	DET
ajfa-11810	404	13	capital	capital	NOUN
ajfa-11810	404	14	markets	market	NOUN
ajfa-11810	404	15	,	,	PUNCT
ajfa-11810	404	16	resulting	result	VERB
ajfa-11810	404	17	in	in	ADP
ajfa-11810	404	18	capital	capital	NOUN
ajfa-11810	404	19	flight	flight	NOUN
ajfa-11810	404	20	,	,	PUNCT
ajfa-11810	404	21	and	and	CCONJ
ajfa-11810	404	22	conditions	condition	NOUN
ajfa-11810	404	23	of	of	ADP
ajfa-11810	404	24	severe	severe	ADJ
ajfa-11810	404	25	illiquidity	illiquidity	NOUN
ajfa-11810	404	26	.	.	PUNCT
ajfa-11810	405	1	therefore	therefore	ADV
ajfa-11810	405	2	,	,	PUNCT
ajfa-11810	405	3	we	we	PRON
ajfa-11810	405	4	expect	expect	VERB
ajfa-11810	405	5	to	to	PART
ajfa-11810	405	6	find	find	VERB
ajfa-11810	405	7	that	that	SCONJ
ajfa-11810	405	8	there	there	PRON
ajfa-11810	405	9	was	be	VERB
ajfa-11810	405	10	less	less	ADJ
ajfa-11810	405	11	equity	equity	NOUN
ajfa-11810	405	12	investment	investment	NOUN
ajfa-11810	405	13	for	for	ADP
ajfa-11810	405	14	all	all	DET
ajfa-11810	405	15	reits	reit	NOUN
ajfa-11810	405	16	post	post	NOUN
ajfa-11810	405	17	crisis	crisis	NOUN
ajfa-11810	405	18	.	.	PUNCT
ajfa-11810	406	1	thus	thus	ADV
ajfa-11810	406	2	,	,	PUNCT
ajfa-11810	406	3	an	an	DET
ajfa-11810	406	4	important	important	ADJ
ajfa-11810	406	5	question	question	NOUN
ajfa-11810	406	6	is	be	AUX
ajfa-11810	406	7	how	how	SCONJ
ajfa-11810	406	8	reits	reit	NOUN
ajfa-11810	406	9	differentiate	differentiate	VERB
ajfa-11810	406	10	themselves	themselves	PRON
ajfa-11810	406	11	from	from	ADP
ajfa-11810	406	12	others	other	NOUN
ajfa-11810	406	13	seeking	seek	VERB
ajfa-11810	406	14	capital	capital	NOUN
ajfa-11810	406	15	under	under	ADP
ajfa-11810	406	16	such	such	ADJ
ajfa-11810	406	17	restricted	restricted	ADJ
ajfa-11810	406	18	market	market	NOUN
ajfa-11810	406	19	conditions	condition	NOUN
ajfa-11810	406	20	.	.	PUNCT
ajfa-11810	407	1	across	across	ADP
ajfa-11810	407	2	all	all	DET
ajfa-11810	407	3	models	model	NOUN
ajfa-11810	407	4	,	,	PUNCT
ajfa-11810	407	5	there	there	PRON
ajfa-11810	407	6	is	be	VERB
ajfa-11810	407	7	no	no	DET
ajfa-11810	407	8	statistical	statistical	ADJ
ajfa-11810	407	9	significance	significance	NOUN
ajfa-11810	407	10	for	for	ADP
ajfa-11810	407	11	crisis	crisis	NOUN
ajfa-11810	407	12	.	.	PUNCT
ajfa-11810	408	1	this	this	DET
ajfa-11810	408	2	result	result	NOUN
ajfa-11810	408	3	provides	provide	VERB
ajfa-11810	408	4	no	no	DET
ajfa-11810	408	5	support	support	NOUN
ajfa-11810	408	6	for	for	ADP
ajfa-11810	408	7	our	our	PRON
ajfa-11810	408	8	expectation	expectation	NOUN
ajfa-11810	408	9	that	that	SCONJ
ajfa-11810	408	10	equity	equity	NOUN
ajfa-11810	408	11	capital	capital	NOUN
ajfa-11810	408	12	investment	investment	NOUN
ajfa-11810	408	13	is	be	AUX
ajfa-11810	408	14	lower	low	ADJ
ajfa-11810	408	15	for	for	ADP
ajfa-11810	408	16	all	all	DET
ajfa-11810	408	17	reits	reit	NOUN
ajfa-11810	408	18	after	after	ADP
ajfa-11810	408	19	the	the	DET
ajfa-11810	408	20	financial	financial	ADJ
ajfa-11810	408	21	crisis	crisis	NOUN
ajfa-11810	408	22	due	due	ADP
ajfa-11810	408	23	to	to	ADP
ajfa-11810	408	24	financial	financial	ADJ
ajfa-11810	408	25	market	market	NOUN
ajfa-11810	408	26	decline	decline	NOUN
ajfa-11810	408	27	.	.	PUNCT
ajfa-11810	409	1	additionally	additionally	ADV
ajfa-11810	409	2	,	,	PUNCT
ajfa-11810	409	3	there	there	PRON
ajfa-11810	409	4	is	be	VERB
ajfa-11810	409	5	no	no	DET
ajfa-11810	409	6	statistical	statistical	ADJ
ajfa-11810	409	7	significance	significance	NOUN
ajfa-11810	409	8	for	for	ADP
ajfa-11810	409	9	the	the	DET
ajfa-11810	409	10	interaction	interaction	NOUN
ajfa-11810	409	11	terms	term	NOUN
ajfa-11810	409	12	crisis*audit	crisis*audit	NOUN
ajfa-11810	409	13	fees	fee	NOUN
ajfa-11810	409	14	,	,	PUNCT
ajfa-11810	409	15	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	409	16	,	,	PUNCT
ajfa-11810	409	17	and	and	CCONJ
ajfa-11810	409	18	crisis*big	crisis*big	ADJ
ajfa-11810	409	19	4	4	NUM
ajfa-11810	409	20	auditor	auditor	NOUN
ajfa-11810	409	21	.	.	PUNCT
ajfa-11810	410	1	accordingly	accordingly	ADV
ajfa-11810	410	2	,	,	PUNCT
ajfa-11810	410	3	we	we	PRON
ajfa-11810	410	4	are	be	AUX
ajfa-11810	410	5	unable	unable	ADJ
ajfa-11810	410	6	to	to	PART
ajfa-11810	410	7	interpret	interpret	VERB
ajfa-11810	410	8	the	the	DET
ajfa-11810	410	9	main	main	ADJ
ajfa-11810	410	10	effects	effect	NOUN
ajfa-11810	410	11	of	of	ADP
ajfa-11810	410	12	the	the	DET
ajfa-11810	410	13	individual	individual	ADJ
ajfa-11810	410	14	audit	audit	NOUN
ajfa-11810	410	15	-	-	PUNCT
ajfa-11810	410	16	related	relate	VERB
ajfa-11810	410	17	attributes	attribute	NOUN
ajfa-11810	410	18	.	.	PUNCT
ajfa-11810	411	1	a	a	DET
ajfa-11810	411	2	reasonable	reasonable	ADJ
ajfa-11810	411	3	inference	inference	NOUN
ajfa-11810	411	4	from	from	ADP
ajfa-11810	411	5	these	these	DET
ajfa-11810	411	6	results	result	NOUN
ajfa-11810	411	7	is	be	AUX
ajfa-11810	411	8	that	that	SCONJ
ajfa-11810	411	9	when	when	SCONJ
ajfa-11810	411	10	seeking	seek	VERB
ajfa-11810	411	11	equity	equity	NOUN
ajfa-11810	411	12	investment	investment	NOUN
ajfa-11810	411	13	,	,	PUNCT
ajfa-11810	411	14	using	use	VERB
ajfa-11810	411	15	the	the	DET
ajfa-11810	411	16	audit	audit	NOUN
ajfa-11810	411	17	process	process	NOUN
ajfa-11810	411	18	as	as	ADP
ajfa-11810	411	19	a	a	DET
ajfa-11810	411	20	means	means	NOUN
ajfa-11810	411	21	of	of	ADP
ajfa-11810	411	22	increasing	increase	VERB
ajfa-11810	411	23	financial	financial	ADJ
ajfa-11810	411	24	transparency	transparency	NOUN
ajfa-11810	411	25	is	be	AUX
ajfa-11810	411	26	important	important	ADJ
ajfa-11810	411	27	irrespective	irrespective	ADV
ajfa-11810	411	28	of	of	ADP
ajfa-11810	411	29	the	the	DET
ajfa-11810	411	30	state	state	NOUN
ajfa-11810	411	31	of	of	ADP
ajfa-11810	411	32	the	the	DET
ajfa-11810	411	33	economy	economy	NOUN
ajfa-11810	411	34	.	.	PUNCT
ajfa-11810	412	1	asian	asian	ADJ
ajfa-11810	412	2	journal	journal	PROPN
ajfa-11810	412	3	of	of	ADP
ajfa-11810	412	4	finance	finance	PROPN
ajfa-11810	412	5	&	&	CCONJ
ajfa-11810	412	6	accounting	accounting	PROPN
ajfa-11810	412	7	issn	issn	PROPN
ajfa-11810	412	8	1946	1946	NUM
ajfa-11810	412	9	-	-	PUNCT
ajfa-11810	412	10	052x	052x	NOUN
ajfa-11810	412	11	2018	2018	NUM
ajfa-11810	412	12	,	,	PUNCT
ajfa-11810	412	13	vol	vol	NOUN
ajfa-11810	412	14	.	.	PROPN
ajfa-11810	412	15	10	10	NUM
ajfa-11810	412	16	,	,	PUNCT
ajfa-11810	412	17	no	no	INTJ
ajfa-11810	412	18	.	.	NOUN
ajfa-11810	412	19	1	1	NUM
ajfa-11810	412	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	412	21	103	103	NUM
ajfa-11810	412	22	table	table	NOUN
ajfa-11810	412	23	9	9	NUM
ajfa-11810	412	24	.	.	PUNCT
ajfa-11810	413	1	results	result	NOUN
ajfa-11810	413	2	of	of	ADP
ajfa-11810	413	3	ols	ol	NOUN
ajfa-11810	413	4	regression	regression	NOUN
ajfa-11810	413	5	testing	test	VERB
ajfa-11810	413	6	the	the	DET
ajfa-11810	413	7	expectation	expectation	NOUN
ajfa-11810	413	8	that	that	SCONJ
ajfa-11810	413	9	the	the	DET
ajfa-11810	413	10	financial	financial	ADJ
ajfa-11810	413	11	crisis	crisis	NOUN
ajfa-11810	413	12	of	of	ADP
ajfa-11810	413	13	2007	2007	NUM
ajfa-11810	413	14	-	-	SYM
ajfa-11810	413	15	2008	2008	NUM
ajfa-11810	413	16	positively	positively	ADV
ajfa-11810	413	17	influenced	influence	VERB
ajfa-11810	413	18	the	the	DET
ajfa-11810	413	19	relationship	relationship	NOUN
ajfa-11810	413	20	between	between	ADP
ajfa-11810	413	21	audit	audit	NOUN
ajfa-11810	413	22	-	-	PUNCT
ajfa-11810	413	23	related	relate	VERB
ajfa-11810	413	24	attributes	attribute	NOUN
ajfa-11810	413	25	and	and	CCONJ
ajfa-11810	413	26	equity	equity	NOUN
ajfa-11810	413	27	investment	investment	NOUN
ajfa-11810	413	28	in	in	ADP
ajfa-11810	413	29	reits	reits	PROPN
ajfa-11810	413	30	variable	variable	ADJ
ajfa-11810	413	31	model	model	PROPN
ajfa-11810	413	32	4a	4a	PROPN
ajfa-11810	413	33	model	model	PROPN
ajfa-11810	413	34	4b	4b	PROPN
ajfa-11810	413	35	model	model	PROPN
ajfa-11810	413	36	4c	4c	PROPN
ajfa-11810	413	37	model	model	PROPN
ajfa-11810	413	38	4d	4d	PROPN
ajfa-11810	413	39	coefficient	coefficient	PROPN
ajfa-11810	413	40	coefficient	coefficient	NOUN
ajfa-11810	413	41	coefficient	coefficient	NOUN
ajfa-11810	413	42	coefficient	coefficient	NOUN
ajfa-11810	414	1	[	[	X
ajfa-11810	414	2	t	t	NOUN
ajfa-11810	414	3	-	-	PUNCT
ajfa-11810	414	4	statistic	statistic	NOUN
ajfa-11810	414	5	]	]	X
ajfa-11810	415	1	[	[	X
ajfa-11810	415	2	t	t	NOUN
ajfa-11810	415	3	-	-	PUNCT
ajfa-11810	415	4	statistic	statistic	NOUN
ajfa-11810	415	5	]	]	X
ajfa-11810	416	1	[	[	X
ajfa-11810	416	2	t	t	NOUN
ajfa-11810	416	3	-	-	PUNCT
ajfa-11810	416	4	statistic	statistic	NOUN
ajfa-11810	416	5	]	]	X
ajfa-11810	417	1	[	[	X
ajfa-11810	417	2	t	t	NOUN
ajfa-11810	417	3	-	-	PUNCT
ajfa-11810	417	4	statistic	statistic	NOUN
ajfa-11810	417	5	]	]	PUNCT
ajfa-11810	417	6	crisis	crisis	NOUN
ajfa-11810	417	7	-1.045	-1.045	ADV
ajfa-11810	417	8	0.172	0.172	NUM
ajfa-11810	417	9	0.198	0.198	NUM
ajfa-11810	417	10	-1.153	-1.153	NOUN
ajfa-11810	418	1	[	[	X
ajfa-11810	418	2	-0.502	-0.502	X
ajfa-11810	418	3	]	]	PUNCT
ajfa-11810	419	1	[	[	X
ajfa-11810	419	2	0.559	0.559	X
ajfa-11810	419	3	]	]	X
ajfa-11810	420	1	[	[	X
ajfa-11810	420	2	0.451	0.451	NUM
ajfa-11810	420	3	]	]	X
ajfa-11810	420	4	[	[	X
ajfa-11810	420	5	-0.471	-0.471	X
ajfa-11810	420	6	]	]	X
ajfa-11810	420	7	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	420	8	fees	fee	NOUN
ajfa-11810	420	9	)	)	PUNCT
ajfa-11810	420	10	0.067	0.067	NUM
ajfa-11810	420	11	0.069	0.069	NUM
ajfa-11810	421	1	[	[	X
ajfa-11810	421	2	0.424	0.424	NUM
ajfa-11810	421	3	]	]	PUNCT
ajfa-11810	421	4	[	[	X
ajfa-11810	421	5	0.331	0.331	NUM
ajfa-11810	421	6	]	]	PUNCT
ajfa-11810	421	7	log(audit	log(audit	NOUN
ajfa-11810	421	8	fees	fee	NOUN
ajfa-11810	421	9	)	)	PUNCT
ajfa-11810	421	10	0.403	0.403	NUM
ajfa-11810	421	11	*	*	PUNCT
ajfa-11810	421	12	*	*	PUNCT
ajfa-11810	421	13	*	*	PUNCT
ajfa-11810	421	14	0.394	0.394	NUM
ajfa-11810	421	15	*	*	PUNCT
ajfa-11810	421	16	*	*	PUNCT
ajfa-11810	421	17	*	*	PUNCT
ajfa-11810	422	1	[	[	X
ajfa-11810	422	2	3.432	3.432	NUM
ajfa-11810	422	3	]	]	PUNCT
ajfa-11810	422	4	[	[	X
ajfa-11810	422	5	3.062	3.062	NUM
ajfa-11810	422	6	]	]	SYM
ajfa-11810	422	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	422	8	-0.025	-0.025	NOUN
ajfa-11810	422	9	-0.015	-0.015	PUNCT
ajfa-11810	423	1	[	[	X
ajfa-11810	423	2	-0.086	-0.086	X
ajfa-11810	423	3	]	]	X
ajfa-11810	424	1	[	[	X
ajfa-11810	424	2	-0.050	-0.050	X
ajfa-11810	424	3	]	]	X
ajfa-11810	424	4	specialist	specialist	NOUN
ajfa-11810	424	5	0.368	0.368	NUM
ajfa-11810	424	6	*	*	PUNCT
ajfa-11810	424	7	*	*	PUNCT
ajfa-11810	424	8	0.282	0.282	NUM
ajfa-11810	425	1	[	[	X
ajfa-11810	425	2	2.0136	2.0136	NUM
ajfa-11810	425	3	]	]	PUNCT
ajfa-11810	426	1	[	[	X
ajfa-11810	426	2	1.525	1.525	NUM
ajfa-11810	426	3	]	]	PUNCT
ajfa-11810	426	4	crisis*big	crisis*big	ADJ
ajfa-11810	426	5	4	4	NUM
ajfa-11810	426	6	auditor	auditor	NOUN
ajfa-11810	426	7	0.001	0.001	NUM
ajfa-11810	426	8	0.049	0.049	NUM
ajfa-11810	427	1	[	[	X
ajfa-11810	427	2	0.003	0.003	NUM
ajfa-11810	427	3	]	]	X
ajfa-11810	427	4	[	[	X
ajfa-11810	427	5	0.095	0.095	NUM
ajfa-11810	427	6	]	]	X
ajfa-11810	427	7	big	big	ADJ
ajfa-11810	427	8	4	4	NUM
ajfa-11810	427	9	auditor	auditor	NOUN
ajfa-11810	427	10	0.154	0.154	NUM
ajfa-11810	427	11	-0.264	-0.264	PUNCT
ajfa-11810	427	12	[	[	X
ajfa-11810	427	13	0.519	0.519	NUM
ajfa-11810	427	14	]	]	X
ajfa-11810	427	15	[	[	X
ajfa-11810	427	16	-0.795	-0.795	X
ajfa-11810	427	17	]	]	X
ajfa-11810	427	18	bid	bid	NOUN
ajfa-11810	427	19	-	-	PUNCT
ajfa-11810	427	20	ask	ask	NOUN
ajfa-11810	427	21	spread	spread	NOUN
ajfa-11810	427	22	-70.079	-70.079	NOUN
ajfa-11810	428	1	*	*	PUNCT
ajfa-11810	428	2	*	*	PUNCT
ajfa-11810	429	1	*	*	PUNCT
ajfa-11810	429	2	-85.004	-85.004	X
ajfa-11810	429	3	*	*	PUNCT
ajfa-11810	429	4	*	*	PUNCT
ajfa-11810	429	5	*	*	PUNCT
ajfa-11810	429	6	-83.845	-83.845	NOUN
ajfa-11810	429	7	*	*	PUNCT
ajfa-11810	429	8	*	*	PUNCT
ajfa-11810	429	9	*	*	PUNCT
ajfa-11810	429	10	-73.322	-73.322	X
ajfa-11810	429	11	*	*	PUNCT
ajfa-11810	429	12	*	*	PUNCT
ajfa-11810	429	13	*	*	PUNCT
ajfa-11810	430	1	[	[	X
ajfa-11810	430	2	-5.760	-5.760	X
ajfa-11810	430	3	]	]	X
ajfa-11810	431	1	[	[	X
ajfa-11810	431	2	-7.523	-7.523	X
ajfa-11810	431	3	]	]	X
ajfa-11810	432	1	[	[	X
ajfa-11810	432	2	-6.582	-6.582	X
ajfa-11810	432	3	]	]	X
ajfa-11810	433	1	[	[	X
ajfa-11810	433	2	-5.750	-5.750	X
ajfa-11810	433	3	]	]	X
ajfa-11810	433	4	log(intan	log(intan	PROPN
ajfa-11810	433	5	.	.	PUNCT
ajfa-11810	434	1	assets	asset	NOUN
ajfa-11810	434	2	)	)	PUNCT
ajfa-11810	434	3	0.082	0.082	NUM
ajfa-11810	434	4	*	*	SYM
ajfa-11810	434	5	0.111	0.111	NUM
ajfa-11810	434	6	*	*	PUNCT
ajfa-11810	434	7	*	*	PUNCT
ajfa-11810	434	8	0.110	0.110	NUM
ajfa-11810	434	9	*	*	PUNCT
ajfa-11810	434	10	*	*	PUNCT
ajfa-11810	434	11	0.083	0.083	NUM
ajfa-11810	434	12	*	*	PUNCT
ajfa-11810	435	1	[	[	X
ajfa-11810	435	2	1.868	1.868	NUM
ajfa-11810	435	3	]	]	PUNCT
ajfa-11810	435	4	[	[	X
ajfa-11810	435	5	2.521	2.521	NUM
ajfa-11810	435	6	]	]	PUNCT
ajfa-11810	436	1	[	[	X
ajfa-11810	436	2	2.512	2.512	NUM
ajfa-11810	436	3	]	]	X
ajfa-11810	437	1	[	[	X
ajfa-11810	437	2	1.876	1.876	NUM
ajfa-11810	437	3	]	]	PUNCT
ajfa-11810	437	4	book	book	NOUN
ajfa-11810	437	5	-	-	PUNCT
ajfa-11810	437	6	to	to	ADP
ajfa-11810	437	7	-	-	PUNCT
ajfa-11810	437	8	market	market	NOUN
ajfa-11810	437	9	0.066	0.066	NUM
ajfa-11810	437	10	*	*	PUNCT
ajfa-11810	437	11	*	*	PUNCT
ajfa-11810	437	12	*	*	PUNCT
ajfa-11810	437	13	0.061	0.061	NUM
ajfa-11810	437	14	*	*	PUNCT
ajfa-11810	437	15	*	*	PUNCT
ajfa-11810	437	16	*	*	PUNCT
ajfa-11810	437	17	0.058	0.058	NUM
ajfa-11810	437	18	*	*	PUNCT
ajfa-11810	437	19	*	*	PUNCT
ajfa-11810	437	20	*	*	PUNCT
ajfa-11810	437	21	0.068	0.068	NUM
ajfa-11810	437	22	*	*	PUNCT
ajfa-11810	437	23	*	*	PUNCT
ajfa-11810	437	24	*	*	PUNCT
ajfa-11810	438	1	[	[	X
ajfa-11810	438	2	3.334	3.334	NUM
ajfa-11810	438	3	]	]	PUNCT
ajfa-11810	438	4	[	[	X
ajfa-11810	438	5	3.265	3.265	NUM
ajfa-11810	438	6	]	]	PUNCT
ajfa-11810	439	1	[	[	X
ajfa-11810	439	2	3.177	3.177	NUM
ajfa-11810	439	3	]	]	PUNCT
ajfa-11810	439	4	[	[	X
ajfa-11810	439	5	3.395	3.395	NUM
ajfa-11810	439	6	]	]	PUNCT
ajfa-11810	439	7	return	return	NOUN
ajfa-11810	439	8	on	on	ADP
ajfa-11810	439	9	assets	asset	NOUN
ajfa-11810	439	10	-0.533	-0.533	PUNCT
ajfa-11810	439	11	-0.757	-0.757	PUNCT
ajfa-11810	439	12	-0.697	-0.697	X
ajfa-11810	439	13	-0.613	-0.613	PUNCT
ajfa-11810	440	1	[	[	X
ajfa-11810	440	2	-0.507	-0.507	X
ajfa-11810	440	3	]	]	X
ajfa-11810	441	1	[	[	X
ajfa-11810	441	2	-0.710	-0.710	X
ajfa-11810	441	3	]	]	X
ajfa-11810	441	4	[	[	X
ajfa-11810	441	5	-0.668	-0.668	X
ajfa-11810	441	6	]	]	X
ajfa-11810	441	7	[	[	X
ajfa-11810	441	8	-0.569	-0.569	X
ajfa-11810	441	9	]	]	X
ajfa-11810	441	10	leverage	leverage	NOUN
ajfa-11810	441	11	-0.341	-0.341	PUNCT
ajfa-11810	441	12	-0.098	-0.098	PUNCT
ajfa-11810	441	13	-0.084	-0.084	NOUN
ajfa-11810	441	14	-0.325	-0.325	X
ajfa-11810	442	1	[	[	X
ajfa-11810	442	2	-0.776	-0.776	X
ajfa-11810	442	3	]	]	X
ajfa-11810	443	1	[	[	X
ajfa-11810	443	2	-0.225	-0.225	X
ajfa-11810	443	3	]	]	X
ajfa-11810	444	1	[	[	X
ajfa-11810	444	2	-0.190	-0.190	X
ajfa-11810	444	3	]	]	X
ajfa-11810	444	4	[	[	X
ajfa-11810	444	5	-0.734	-0.734	X
ajfa-11810	444	6	]	]	X
ajfa-11810	444	7	initial	initial	ADJ
ajfa-11810	444	8	auditor	auditor	NOUN
ajfa-11810	444	9	year	year	NOUN
ajfa-11810	444	10	0.054	0.054	NUM
ajfa-11810	444	11	0.036	0.036	NUM
ajfa-11810	444	12	0.038	0.038	NUM
ajfa-11810	444	13	0.036	0.036	NUM
ajfa-11810	444	14	asian	asian	ADJ
ajfa-11810	444	15	journal	journal	NOUN
ajfa-11810	444	16	of	of	ADP
ajfa-11810	444	17	finance	finance	PROPN
ajfa-11810	444	18	&	&	CCONJ
ajfa-11810	444	19	accounting	accounting	PROPN
ajfa-11810	444	20	issn	issn	PROPN
ajfa-11810	444	21	1946	1946	NUM
ajfa-11810	444	22	-	-	PUNCT
ajfa-11810	444	23	052x	052x	NOUN
ajfa-11810	444	24	2018	2018	NUM
ajfa-11810	444	25	,	,	PUNCT
ajfa-11810	444	26	vol	vol	NOUN
ajfa-11810	444	27	.	.	PROPN
ajfa-11810	444	28	10	10	NUM
ajfa-11810	444	29	,	,	PUNCT
ajfa-11810	444	30	no	no	INTJ
ajfa-11810	444	31	.	.	NOUN
ajfa-11810	444	32	1	1	NUM
ajfa-11810	444	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	444	34	104	104	NUM
ajfa-11810	445	1	[	[	X
ajfa-11810	445	2	0.307	0.307	NUM
ajfa-11810	445	3	]	]	PUNCT
ajfa-11810	446	1	[	[	X
ajfa-11810	446	2	0.205	0.205	X
ajfa-11810	446	3	]	]	PUNCT
ajfa-11810	447	1	[	[	X
ajfa-11810	447	2	0.214	0.214	NUM
ajfa-11810	447	3	]	]	X
ajfa-11810	448	1	[	[	X
ajfa-11810	448	2	0.204	0.204	NUM
ajfa-11810	448	3	]	]	X
ajfa-11810	448	4	log(other	log(other	ADJ
ajfa-11810	448	5	fees	fee	NOUN
ajfa-11810	448	6	)	)	PUNCT
ajfa-11810	448	7	0.050	0.050	NUM
ajfa-11810	448	8	*	*	PUNCT
ajfa-11810	448	9	*	*	PUNCT
ajfa-11810	448	10	0.066	0.066	NUM
ajfa-11810	448	11	*	*	PUNCT
ajfa-11810	448	12	*	*	PUNCT
ajfa-11810	448	13	*	*	PUNCT
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ajfa-11810	448	15	*	*	PUNCT
ajfa-11810	448	16	*	*	PUNCT
ajfa-11810	448	17	*	*	PUNCT
ajfa-11810	448	18	0.047	0.047	NUM
ajfa-11810	448	19	*	*	PUNCT
ajfa-11810	448	20	[	[	X
ajfa-11810	448	21	1.993	1.993	NUM
ajfa-11810	448	22	]	]	PUNCT
ajfa-11810	449	1	[	[	X
ajfa-11810	449	2	2.783	2.783	NUM
ajfa-11810	449	3	]	]	PUNCT
ajfa-11810	450	1	[	[	X
ajfa-11810	450	2	2.935	2.935	NUM
ajfa-11810	450	3	]	]	PUNCT
ajfa-11810	451	1	[	[	X
ajfa-11810	451	2	1.904	1.904	NUM
ajfa-11810	451	3	]	]	SYM
ajfa-11810	451	4	log(properties	log(propertie	NOUN
ajfa-11810	451	5	)	)	PUNCT
ajfa-11810	451	6	0.208	0.208	NUM
ajfa-11810	451	7	*	*	PUNCT
ajfa-11810	451	8	*	*	PUNCT
ajfa-11810	451	9	*	*	NOUN
ajfa-11810	451	10	0.207	0.207	NUM
ajfa-11810	451	11	*	*	PUNCT
ajfa-11810	451	12	*	*	PUNCT
ajfa-11810	451	13	*	*	PUNCT
ajfa-11810	451	14	0.233	0.233	NUM
ajfa-11810	451	15	*	*	PUNCT
ajfa-11810	451	16	*	*	PUNCT
ajfa-11810	451	17	*	*	PUNCT
ajfa-11810	451	18	0.190	0.190	NUM
ajfa-11810	451	19	*	*	PUNCT
ajfa-11810	451	20	*	*	PUNCT
ajfa-11810	451	21	*	*	PUNCT
ajfa-11810	452	1	[	[	X
ajfa-11810	452	2	4.014	4.014	X
ajfa-11810	452	3	]	]	X
ajfa-11810	453	1	[	[	X
ajfa-11810	453	2	3.885	3.885	NUM
ajfa-11810	453	3	]	]	X
ajfa-11810	454	1	[	[	X
ajfa-11810	454	2	4.417	4.417	NUM
ajfa-11810	454	3	]	]	PUNCT
ajfa-11810	455	1	[	[	X
ajfa-11810	455	2	3.625	3.625	NUM
ajfa-11810	455	3	]	]	PUNCT
ajfa-11810	455	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	455	5	)	)	PUNCT
ajfa-11810	455	6	0.105	0.105	NUM
ajfa-11810	455	7	*	*	NOUN
ajfa-11810	455	8	0.192	0.192	NUM
ajfa-11810	455	9	*	*	PUNCT
ajfa-11810	455	10	*	*	PUNCT
ajfa-11810	455	11	*	*	PUNCT
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ajfa-11810	455	13	*	*	PUNCT
ajfa-11810	455	14	*	*	PUNCT
ajfa-11810	455	15	*	*	PUNCT
ajfa-11810	455	16	0.124	0.124	NUM
ajfa-11810	455	17	*	*	PUNCT
ajfa-11810	455	18	*	*	PUNCT
ajfa-11810	456	1	[	[	X
ajfa-11810	456	2	1.753	1.753	NUM
ajfa-11810	456	3	]	]	X
ajfa-11810	456	4	[	[	X
ajfa-11810	456	5	3.441	3.441	NUM
ajfa-11810	456	6	]	]	PUNCT
ajfa-11810	456	7	[	[	X
ajfa-11810	456	8	3.024	3.024	NUM
ajfa-11810	456	9	]	]	PUNCT
ajfa-11810	456	10	[	[	X
ajfa-11810	456	11	2.080	2.080	NUM
ajfa-11810	456	12	]	]	X
ajfa-11810	456	13	foreign	foreign	ADJ
ajfa-11810	456	14	operations	operation	NOUN
ajfa-11810	456	15	-0.708	-0.708	PUNCT
ajfa-11810	456	16	-0.437	-0.437	X
ajfa-11810	456	17	-0.355	-0.355	PUNCT
ajfa-11810	456	18	-0.764	-0.764	PUNCT
ajfa-11810	457	1	[	[	X
ajfa-11810	457	2	-1.333	-1.333	X
ajfa-11810	457	3	]	]	X
ajfa-11810	458	1	[	[	X
ajfa-11810	458	2	-0.798	-0.798	X
ajfa-11810	458	3	]	]	X
ajfa-11810	459	1	[	[	X
ajfa-11810	459	2	-0.666	-0.666	X
ajfa-11810	459	3	]	]	X
ajfa-11810	460	1	[	[	X
ajfa-11810	460	2	-1.398	-1.398	X
ajfa-11810	460	3	]	]	X
ajfa-11810	460	4	extra	extra	ADJ
ajfa-11810	460	5	/	/	SYM
ajfa-11810	460	6	disc	disc	NOUN
ajfa-11810	460	7	items	item	NOUN
ajfa-11810	460	8	-0.011	-0.011	PUNCT
ajfa-11810	460	9	0.064	0.064	NUM
ajfa-11810	460	10	0.043	0.043	NUM
ajfa-11810	460	11	0.011	0.011	NUM
ajfa-11810	460	12	[	[	X
ajfa-11810	460	13	-0.076	-0.076	X
ajfa-11810	460	14	]	]	X
ajfa-11810	461	1	[	[	X
ajfa-11810	461	2	0.456	0.456	NUM
ajfa-11810	461	3	]	]	X
ajfa-11810	462	1	[	[	X
ajfa-11810	462	2	0.301	0.301	NUM
ajfa-11810	462	3	]	]	PUNCT
ajfa-11810	463	1	[	[	X
ajfa-11810	463	2	0.081	0.081	NUM
ajfa-11810	463	3	]	]	X
ajfa-11810	463	4	constant	constant	ADJ
ajfa-11810	463	5	-1.803	-1.803	NOUN
ajfa-11810	463	6	2.472	2.472	NUM
ajfa-11810	463	7	*	*	PUNCT
ajfa-11810	463	8	*	*	PUNCT
ajfa-11810	463	9	*	*	PUNCT
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ajfa-11810	463	11	*	*	PUNCT
ajfa-11810	463	12	*	*	PUNCT
ajfa-11810	463	13	*	*	PUNCT
ajfa-11810	463	14	-1.574	-1.574	PUNCT
ajfa-11810	464	1	[	[	X
ajfa-11810	464	2	-1.300	-1.300	X
ajfa-11810	464	3	]	]	X
ajfa-11810	465	1	[	[	X
ajfa-11810	465	2	4.784	4.784	NUM
ajfa-11810	465	3	]	]	PUNCT
ajfa-11810	466	1	[	[	X
ajfa-11810	466	2	4.261	4.261	NUM
ajfa-11810	466	3	]	]	PUNCT
ajfa-11810	467	1	[	[	X
ajfa-11810	467	2	-1.113	-1.113	X
ajfa-11810	467	3	]	]	X
ajfa-11810	467	4	#	#	NOUN
ajfa-11810	467	5	observations	observation	NOUN
ajfa-11810	467	6	953	953	NUM
ajfa-11810	467	7	953	953	NUM
ajfa-11810	467	8	953	953	NUM
ajfa-11810	467	9	953	953	NUM
ajfa-11810	467	10	f	f	NOUN
ajfa-11810	467	11	17.221	17.221	NUM
ajfa-11810	467	12	15.887	15.887	NUM
ajfa-11810	467	13	16.217	16.217	NUM
ajfa-11810	467	14	15.737	15.737	NUM
ajfa-11810	467	15	adjusted	adjust	VERB
ajfa-11810	467	16	r2	r2	NOUN
ajfa-11810	467	17	0.261	0.261	NUM
ajfa-11810	467	18	0.254	0.254	NUM
ajfa-11810	467	19	0.250	0.250	NUM
ajfa-11810	467	20	0.261	0.261	NUM
ajfa-11810	467	21	notes	note	NOUN
ajfa-11810	467	22	:	:	PUNCT
ajfa-11810	467	23	in	in	ADP
ajfa-11810	467	24	all	all	DET
ajfa-11810	467	25	models	model	NOUN
ajfa-11810	467	26	,	,	PUNCT
ajfa-11810	467	27	the	the	DET
ajfa-11810	467	28	dependent	dependent	ADJ
ajfa-11810	467	29	variable	variable	NOUN
ajfa-11810	467	30	is	be	AUX
ajfa-11810	467	31	log(equity	log(equity	NOUN
ajfa-11810	467	32	investment	investment	NOUN
ajfa-11810	467	33	)	)	PUNCT
ajfa-11810	467	34	.	.	PUNCT
ajfa-11810	468	1	in	in	ADP
ajfa-11810	468	2	model	model	NOUN
ajfa-11810	468	3	4a	4a	NOUN
ajfa-11810	468	4	,	,	PUNCT
ajfa-11810	468	5	crisis	crisis	NOUN
ajfa-11810	468	6	and	and	CCONJ
ajfa-11810	468	7	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	468	8	fees	fee	NOUN
ajfa-11810	468	9	)	)	PUNCT
ajfa-11810	468	10	are	be	AUX
ajfa-11810	468	11	added	add	VERB
ajfa-11810	468	12	to	to	PART
ajfa-11810	468	13	examine	examine	VERB
ajfa-11810	468	14	the	the	DET
ajfa-11810	468	15	impact	impact	NOUN
ajfa-11810	468	16	of	of	ADP
ajfa-11810	468	17	audit	audit	NOUN
ajfa-11810	468	18	fees	fee	NOUN
ajfa-11810	468	19	on	on	ADP
ajfa-11810	468	20	post	post	ADJ
ajfa-11810	468	21	-	-	ADJ
ajfa-11810	468	22	crisis	crisis	ADJ
ajfa-11810	468	23	equity	equity	NOUN
ajfa-11810	468	24	investment	investment	NOUN
ajfa-11810	468	25	.	.	PUNCT
ajfa-11810	469	1	in	in	ADP
ajfa-11810	469	2	model	model	NOUN
ajfa-11810	469	3	4b	4b	PROPN
ajfa-11810	469	4	,	,	PUNCT
ajfa-11810	469	5	crisis	crisis	NOUN
ajfa-11810	469	6	and	and	CCONJ
ajfa-11810	469	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	469	8	are	be	AUX
ajfa-11810	469	9	added	add	VERB
ajfa-11810	469	10	to	to	PART
ajfa-11810	469	11	examine	examine	VERB
ajfa-11810	469	12	the	the	DET
ajfa-11810	469	13	impact	impact	NOUN
ajfa-11810	469	14	of	of	ADP
ajfa-11810	469	15	auditor	auditor	NOUN
ajfa-11810	469	16	specialization	specialization	NOUN
ajfa-11810	469	17	on	on	ADP
ajfa-11810	469	18	post	post	ADJ
ajfa-11810	469	19	-	-	ADJ
ajfa-11810	469	20	crisis	crisis	ADJ
ajfa-11810	469	21	equity	equity	NOUN
ajfa-11810	469	22	investment	investment	NOUN
ajfa-11810	469	23	.	.	PUNCT
ajfa-11810	470	1	in	in	ADP
ajfa-11810	470	2	model	model	NOUN
ajfa-11810	470	3	4c	4c	NOUN
ajfa-11810	470	4	,	,	PUNCT
ajfa-11810	470	5	crisis	crisis	NOUN
ajfa-11810	470	6	and	and	CCONJ
ajfa-11810	470	7	crisis*big	crisis*big	ADJ
ajfa-11810	470	8	4	4	NUM
ajfa-11810	470	9	auditor	auditor	NOUN
ajfa-11810	470	10	are	be	AUX
ajfa-11810	470	11	added	add	VERB
ajfa-11810	470	12	to	to	PART
ajfa-11810	470	13	examine	examine	VERB
ajfa-11810	470	14	the	the	DET
ajfa-11810	470	15	impact	impact	NOUN
ajfa-11810	470	16	of	of	ADP
ajfa-11810	470	17	auditor	auditor	NOUN
ajfa-11810	470	18	reputation	reputation	NOUN
ajfa-11810	470	19	on	on	ADP
ajfa-11810	470	20	post	post	ADJ
ajfa-11810	470	21	-	-	ADJ
ajfa-11810	470	22	crisis	crisis	ADJ
ajfa-11810	470	23	equity	equity	NOUN
ajfa-11810	470	24	investment	investment	NOUN
ajfa-11810	470	25	.	.	PUNCT
ajfa-11810	471	1	in	in	ADP
ajfa-11810	471	2	model	model	NOUN
ajfa-11810	471	3	4d	4d	NUM
ajfa-11810	471	4	,	,	PUNCT
ajfa-11810	471	5	crisis	crisis	NOUN
ajfa-11810	471	6	and	and	CCONJ
ajfa-11810	471	7	all	all	DET
ajfa-11810	471	8	three	three	NUM
ajfa-11810	471	9	interaction	interaction	NOUN
ajfa-11810	471	10	terms	term	NOUN
ajfa-11810	471	11	are	be	AUX
ajfa-11810	471	12	included	include	VERB
ajfa-11810	471	13	to	to	PART
ajfa-11810	471	14	examine	examine	VERB
ajfa-11810	471	15	the	the	DET
ajfa-11810	471	16	impact	impact	NOUN
ajfa-11810	471	17	of	of	ADP
ajfa-11810	471	18	the	the	DET
ajfa-11810	471	19	audit	audit	NOUN
ajfa-11810	471	20	-	-	PUNCT
ajfa-11810	471	21	related	relate	VERB
ajfa-11810	471	22	attributes	attribute	NOUN
ajfa-11810	471	23	of	of	ADP
ajfa-11810	471	24	auditor	auditor	NOUN
ajfa-11810	471	25	quality	quality	NOUN
ajfa-11810	471	26	,	,	PUNCT
ajfa-11810	471	27	specialization	specialization	NOUN
ajfa-11810	471	28	,	,	PUNCT
ajfa-11810	471	29	and	and	CCONJ
ajfa-11810	471	30	reputation	reputation	NOUN
ajfa-11810	471	31	on	on	ADP
ajfa-11810	471	32	post	post	ADJ
ajfa-11810	471	33	-	-	ADJ
ajfa-11810	471	34	crisis	crisis	ADJ
ajfa-11810	471	35	equity	equity	NOUN
ajfa-11810	471	36	investment	investment	NOUN
ajfa-11810	471	37	.	.	PUNCT
ajfa-11810	472	1	bid	bid	NOUN
ajfa-11810	472	2	-	-	PUNCT
ajfa-11810	472	3	ask	ask	NOUN
ajfa-11810	472	4	spread	spread	NOUN
ajfa-11810	472	5	is	be	AUX
ajfa-11810	472	6	an	an	DET
ajfa-11810	472	7	often	often	ADV
ajfa-11810	472	8	-	-	PUNCT
ajfa-11810	472	9	used	use	VERB
ajfa-11810	472	10	measure	measure	NOUN
ajfa-11810	472	11	to	to	PART
ajfa-11810	472	12	capture	capture	VERB
ajfa-11810	472	13	transparency	transparency	NOUN
ajfa-11810	472	14	.	.	PUNCT
ajfa-11810	473	1	log(intan	log(intan	PROPN
ajfa-11810	473	2	.	.	PUNCT
ajfa-11810	474	1	assets	asset	NOUN
ajfa-11810	474	2	)	)	PUNCT
ajfa-11810	474	3	captures	capture	VERB
ajfa-11810	474	4	firm	firm	NOUN
ajfa-11810	474	5	's	's	PART
ajfa-11810	474	6	level	level	NOUN
ajfa-11810	474	7	of	of	ADP
ajfa-11810	474	8	information	information	NOUN
ajfa-11810	474	9	asymmetry	asymmetry	NOUN
ajfa-11810	474	10	or	or	CCONJ
ajfa-11810	474	11	opacity.book	opacity.book	PROPN
ajfa-11810	474	12	-	-	PUNCT
ajfa-11810	474	13	to	to	ADP
ajfa-11810	474	14	-	-	PUNCT
ajfa-11810	474	15	market	market	NOUN
ajfa-11810	474	16	,	,	PUNCT
ajfa-11810	474	17	return	return	VERB
ajfa-11810	474	18	on	on	ADP
ajfa-11810	474	19	assets	asset	NOUN
ajfa-11810	474	20	,	,	PUNCT
ajfa-11810	474	21	and	and	CCONJ
ajfa-11810	474	22	leverage	leverage	NOUN
ajfa-11810	474	23	capture	capture	VERB
ajfa-11810	474	24	individual	individual	ADJ
ajfa-11810	474	25	reit	reit	PROPN
ajfa-11810	474	26	firm	firm	NOUN
ajfa-11810	474	27	characteristics.initial	characteristics.initial	PROPN
ajfa-11810	474	28	and	and	CCONJ
ajfa-11810	474	29	log(other	log(other	ADJ
ajfa-11810	474	30	fees	fee	NOUN
ajfa-11810	474	31	)	)	PUNCT
ajfa-11810	474	32	are	be	AUX
ajfa-11810	474	33	used	use	VERB
ajfa-11810	474	34	to	to	PART
ajfa-11810	474	35	capture	capture	VERB
ajfa-11810	474	36	individual	individual	ADJ
ajfa-11810	474	37	reit	reit	NOUN
ajfa-11810	474	38	-	-	PUNCT
ajfa-11810	474	39	auditor	auditor	NOUN
ajfa-11810	474	40	relationships	relationship	NOUN
ajfa-11810	474	41	.	.	PUNCT
ajfa-11810	475	1	log(properties	log(propertie	NOUN
ajfa-11810	475	2	)	)	PUNCT
ajfa-11810	475	3	,	,	PUNCT
ajfa-11810	475	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	475	5	)	)	PUNCT
ajfa-11810	475	6	,	,	PUNCT
ajfa-11810	475	7	foreign	foreign	ADJ
ajfa-11810	475	8	,	,	PUNCT
ajfa-11810	475	9	and	and	CCONJ
ajfa-11810	475	10	extra	extra	ADJ
ajfa-11810	475	11	/	/	SYM
ajfa-11810	475	12	disc	disc	NOUN
ajfa-11810	475	13	items	item	NOUN
ajfa-11810	475	14	capture	capture	VERB
ajfa-11810	475	15	firm	firm	ADJ
ajfa-11810	475	16	complexity	complexity	NOUN
ajfa-11810	475	17	.	.	PUNCT
ajfa-11810	476	1	reit	reit	PROPN
ajfa-11810	476	2	type	type	NOUN
ajfa-11810	476	3	and	and	CCONJ
ajfa-11810	476	4	year	year	NOUN
ajfa-11810	476	5	dummies	dummy	NOUN
ajfa-11810	476	6	not	not	PART
ajfa-11810	476	7	reported	report	VERB
ajfa-11810	476	8	.	.	PUNCT
ajfa-11810	477	1	regression	regression	NOUN
ajfa-11810	477	2	estimations	estimation	NOUN
ajfa-11810	477	3	are	be	AUX
ajfa-11810	477	4	robust	robust	ADJ
ajfa-11810	477	5	and	and	CCONJ
ajfa-11810	477	6	statistical	statistical	ADJ
ajfa-11810	477	7	significance	significance	NOUN
ajfa-11810	477	8	shown	show	VERB
ajfa-11810	477	9	as	as	ADP
ajfa-11810	477	10	:	:	PUNCT
ajfa-11810	477	11	*	*	PUNCT
ajfa-11810	477	12	p	p	X
ajfa-11810	477	13	<	<	X
ajfa-11810	477	14	0.05	0.05	NUM
ajfa-11810	477	15	,	,	PUNCT
ajfa-11810	477	16	*	*	PUNCT
ajfa-11810	477	17	*	*	PUNCT
ajfa-11810	477	18	p	p	X
ajfa-11810	477	19	<	<	X
ajfa-11810	477	20	0.01	0.01	NUM
ajfa-11810	477	21	,	,	PUNCT
ajfa-11810	477	22	*	*	PUNCT
ajfa-11810	477	23	*	*	PUNCT
ajfa-11810	477	24	*	*	PUNCT
ajfa-11810	478	1	p	p	X
ajfa-11810	478	2	<	<	X
ajfa-11810	478	3	0.001	0.001	NUM
ajfa-11810	478	4	,	,	PUNCT
ajfa-11810	478	5	respectively	respectively	ADV
ajfa-11810	478	6	.	.	PUNCT
ajfa-11810	478	7	table	table	NOUN
ajfa-11810	478	8	10	10	NUM
ajfa-11810	478	9	below	below	ADV
ajfa-11810	478	10	shows	show	VERB
ajfa-11810	478	11	the	the	DET
ajfa-11810	478	12	results	result	NOUN
ajfa-11810	478	13	for	for	ADP
ajfa-11810	478	14	testing	test	VERB
ajfa-11810	478	15	hypothesis	hypothesis	NOUN
ajfa-11810	478	16	2(b	2(b	NUM
ajfa-11810	478	17	)	)	PUNCT
ajfa-11810	478	18	that	that	SCONJ
ajfa-11810	478	19	the	the	DET
ajfa-11810	478	20	financial	financial	ADJ
ajfa-11810	478	21	crisis	crisis	NOUN
ajfa-11810	478	22	positively	positively	ADV
ajfa-11810	478	23	influenced	influence	VERB
ajfa-11810	478	24	the	the	DET
ajfa-11810	478	25	relationship	relationship	NOUN
ajfa-11810	478	26	between	between	ADP
ajfa-11810	478	27	the	the	DET
ajfa-11810	478	28	audit	audit	NOUN
ajfa-11810	478	29	process	process	NOUN
ajfa-11810	478	30	and	and	CCONJ
ajfa-11810	478	31	debt	debt	NOUN
ajfa-11810	478	32	investment	investment	NOUN
ajfa-11810	478	33	in	in	ADP
ajfa-11810	478	34	reits	reit	NOUN
ajfa-11810	478	35	.	.	PUNCT
ajfa-11810	479	1	only	only	ADV
ajfa-11810	479	2	in	in	ADP
ajfa-11810	479	3	model	model	ADJ
ajfa-11810	479	4	5c	5c	NUM
ajfa-11810	479	5	is	be	AUX
ajfa-11810	479	6	the	the	DET
ajfa-11810	479	7	crisis	crisis	NOUN
ajfa-11810	479	8	dummy	dummy	ADJ
ajfa-11810	479	9	coefficient	coefficient	NOUN
ajfa-11810	479	10	is	be	AUX
ajfa-11810	479	11	positive	positive	ADJ
ajfa-11810	479	12	and	and	CCONJ
ajfa-11810	479	13	significant	significant	ADJ
ajfa-11810	479	14	(	(	PUNCT
ajfa-11810	479	15	β	β	X
ajfa-11810	479	16	=	=	NOUN
ajfa-11810	479	17	0.552	0.552	NUM
ajfa-11810	479	18	)	)	PUNCT
ajfa-11810	479	19	.	.	PUNCT
ajfa-11810	480	1	this	this	PRON
ajfa-11810	480	2	suggests	suggest	VERB
ajfa-11810	480	3	that	that	SCONJ
ajfa-11810	480	4	reits	reit	NOUN
ajfa-11810	480	5	relied	rely	VERB
ajfa-11810	480	6	more	more	ADV
ajfa-11810	480	7	heavily	heavily	ADV
ajfa-11810	480	8	on	on	ADP
ajfa-11810	480	9	debt	debt	NOUN
ajfa-11810	480	10	capital	capital	NOUN
ajfa-11810	480	11	after	after	ADP
ajfa-11810	480	12	the	the	DET
ajfa-11810	480	13	crisis	crisis	NOUN
ajfa-11810	480	14	than	than	ADP
ajfa-11810	480	15	before	before	ADP
ajfa-11810	480	16	it	it	PRON
ajfa-11810	480	17	.	.	PUNCT
ajfa-11810	481	1	additionally	additionally	ADV
ajfa-11810	481	2	,	,	PUNCT
ajfa-11810	481	3	the	the	DET
ajfa-11810	481	4	coefficient	coefficient	NOUN
ajfa-11810	481	5	for	for	ADP
ajfa-11810	481	6	the	the	DET
ajfa-11810	481	7	interaction	interaction	NOUN
ajfa-11810	481	8	term	term	NOUN
ajfa-11810	481	9	crisis*big	crisis*big	ADJ
ajfa-11810	481	10	4	4	NUM
ajfa-11810	481	11	auditor	auditor	NOUN
ajfa-11810	481	12	is	be	AUX
ajfa-11810	481	13	negative	negative	ADJ
ajfa-11810	481	14	and	and	CCONJ
ajfa-11810	481	15	significant	significant	ADJ
ajfa-11810	481	16	(	(	PUNCT
ajfa-11810	481	17	β	β	X
ajfa-11810	481	18	=	=	PUNCT
ajfa-11810	481	19	-0.544	-0.544	NUM
ajfa-11810	481	20	)	)	PUNCT
ajfa-11810	481	21	.	.	PUNCT
ajfa-11810	482	1	this	this	PRON
ajfa-11810	482	2	suggests	suggest	VERB
ajfa-11810	482	3	that	that	SCONJ
ajfa-11810	482	4	even	even	ADV
ajfa-11810	482	5	though	though	SCONJ
ajfa-11810	482	6	reits	reit	NOUN
ajfa-11810	482	7	relied	rely	VERB
ajfa-11810	482	8	more	more	ADV
ajfa-11810	482	9	heavily	heavily	ADV
ajfa-11810	482	10	on	on	ADP
ajfa-11810	482	11	debt	debt	NOUN
ajfa-11810	482	12	asian	asian	ADJ
ajfa-11810	482	13	journal	journal	NOUN
ajfa-11810	482	14	of	of	ADP
ajfa-11810	482	15	finance	finance	PROPN
ajfa-11810	482	16	&	&	CCONJ
ajfa-11810	482	17	accounting	accounting	PROPN
ajfa-11810	482	18	issn	issn	PROPN
ajfa-11810	482	19	1946	1946	NUM
ajfa-11810	482	20	-	-	PUNCT
ajfa-11810	482	21	052x	052x	NOUN
ajfa-11810	482	22	2018	2018	NUM
ajfa-11810	482	23	,	,	PUNCT
ajfa-11810	482	24	vol	vol	NOUN
ajfa-11810	482	25	.	.	PROPN
ajfa-11810	482	26	10	10	NUM
ajfa-11810	482	27	,	,	PUNCT
ajfa-11810	482	28	no	no	INTJ
ajfa-11810	482	29	.	.	NOUN
ajfa-11810	482	30	1	1	NUM
ajfa-11810	482	31	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	482	32	105	105	NUM
ajfa-11810	482	33	capital	capital	NOUN
ajfa-11810	482	34	after	after	ADP
ajfa-11810	482	35	the	the	DET
ajfa-11810	482	36	crisis	crisis	NOUN
ajfa-11810	482	37	than	than	ADP
ajfa-11810	482	38	before	before	ADP
ajfa-11810	482	39	it	it	PRON
ajfa-11810	482	40	,	,	PUNCT
ajfa-11810	482	41	auditor	auditor	NOUN
ajfa-11810	482	42	reputation	reputation	NOUN
ajfa-11810	482	43	was	be	AUX
ajfa-11810	482	44	of	of	ADP
ajfa-11810	482	45	less	less	ADJ
ajfa-11810	482	46	importance	importance	NOUN
ajfa-11810	482	47	.	.	PUNCT
ajfa-11810	483	1	there	there	PRON
ajfa-11810	483	2	is	be	VERB
ajfa-11810	483	3	no	no	DET
ajfa-11810	483	4	statistical	statistical	ADJ
ajfa-11810	483	5	significance	significance	NOUN
ajfa-11810	483	6	for	for	ADP
ajfa-11810	483	7	the	the	DET
ajfa-11810	483	8	interactive	interactive	ADJ
ajfa-11810	483	9	terms	term	NOUN
ajfa-11810	483	10	for	for	ADP
ajfa-11810	483	11	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	483	12	and	and	CCONJ
ajfa-11810	483	13	crisis*big4	crisis*big4	PROPN
ajfa-11810	483	14	auditor	auditor	NOUN
ajfa-11810	483	15	.	.	PUNCT
ajfa-11810	483	16	table	table	NOUN
ajfa-11810	483	17	10	10	NUM
ajfa-11810	483	18	.	.	PUNCT
ajfa-11810	484	1	results	result	NOUN
ajfa-11810	484	2	of	of	ADP
ajfa-11810	484	3	ols	ol	NOUN
ajfa-11810	484	4	regression	regression	NOUN
ajfa-11810	484	5	testing	test	VERB
ajfa-11810	484	6	the	the	DET
ajfa-11810	484	7	expectation	expectation	NOUN
ajfa-11810	484	8	that	that	SCONJ
ajfa-11810	484	9	the	the	DET
ajfa-11810	484	10	financial	financial	ADJ
ajfa-11810	484	11	crisis	crisis	NOUN
ajfa-11810	484	12	of	of	ADP
ajfa-11810	484	13	2007	2007	NUM
ajfa-11810	484	14	-	-	SYM
ajfa-11810	484	15	2008	2008	NUM
ajfa-11810	484	16	positively	positively	ADV
ajfa-11810	484	17	influenced	influence	VERB
ajfa-11810	484	18	the	the	DET
ajfa-11810	484	19	relationship	relationship	NOUN
ajfa-11810	484	20	between	between	ADP
ajfa-11810	484	21	audit	audit	NOUN
ajfa-11810	484	22	-	-	PUNCT
ajfa-11810	484	23	related	relate	VERB
ajfa-11810	484	24	attributes	attribute	NOUN
ajfa-11810	484	25	and	and	CCONJ
ajfa-11810	484	26	debt	debt	NOUN
ajfa-11810	484	27	investment	investment	NOUN
ajfa-11810	484	28	in	in	ADP
ajfa-11810	484	29	reits	reits	PROPN
ajfa-11810	484	30	variable	variable	ADJ
ajfa-11810	484	31	model	model	NOUN
ajfa-11810	484	32	5a	5a	NUM
ajfa-11810	484	33	model	model	NOUN
ajfa-11810	484	34	5b	5b	NUM
ajfa-11810	484	35	model	model	NOUN
ajfa-11810	484	36	5c	5c	PROPN
ajfa-11810	484	37	model	model	NOUN
ajfa-11810	485	1	5d	5d	PROPN
ajfa-11810	485	2	coefficient	coefficient	NOUN
ajfa-11810	485	3	coefficient	coefficient	NOUN
ajfa-11810	485	4	coefficient	coefficient	NOUN
ajfa-11810	485	5	coefficient	coefficient	NOUN
ajfa-11810	486	1	[	[	X
ajfa-11810	486	2	t	t	NOUN
ajfa-11810	486	3	-	-	PUNCT
ajfa-11810	486	4	statistic	statistic	NOUN
ajfa-11810	486	5	]	]	X
ajfa-11810	487	1	[	[	X
ajfa-11810	487	2	t	t	NOUN
ajfa-11810	487	3	-	-	PUNCT
ajfa-11810	487	4	statistic	statistic	NOUN
ajfa-11810	487	5	]	]	X
ajfa-11810	488	1	[	[	X
ajfa-11810	488	2	t	t	NOUN
ajfa-11810	488	3	-	-	PUNCT
ajfa-11810	488	4	statistic	statistic	NOUN
ajfa-11810	488	5	]	]	X
ajfa-11810	489	1	[	[	X
ajfa-11810	489	2	t	t	NOUN
ajfa-11810	489	3	-	-	PUNCT
ajfa-11810	489	4	statistic	statistic	NOUN
ajfa-11810	489	5	]	]	PUNCT
ajfa-11810	489	6	crisis	crisis	NOUN
ajfa-11810	489	7	0.084	0.084	NUM
ajfa-11810	489	8	-0.086	-0.086	NUM
ajfa-11810	489	9	0.552	0.552	NUM
ajfa-11810	489	10	*	*	PUNCT
ajfa-11810	489	11	*	*	PUNCT
ajfa-11810	490	1	-0.109	-0.109	PUNCT
ajfa-11810	491	1	[	[	X
ajfa-11810	491	2	0.070	0.070	X
ajfa-11810	491	3	]	]	PUNCT
ajfa-11810	492	1	[	[	X
ajfa-11810	492	2	-0.489	-0.489	X
ajfa-11810	492	3	]	]	X
ajfa-11810	492	4	[	[	X
ajfa-11810	492	5	2.200	2.200	NUM
ajfa-11810	492	6	]	]	PUNCT
ajfa-11810	493	1	[	[	X
ajfa-11810	493	2	-0.079	-0.079	X
ajfa-11810	493	3	]	]	X
ajfa-11810	493	4	crisis*audit	crisis*audit	NOUN
ajfa-11810	493	5	fees	fee	NOUN
ajfa-11810	493	6	-0.052	-0.052	PRON
ajfa-11810	493	7	-0.018	-0.018	PUNCT
ajfa-11810	494	1	[	[	X
ajfa-11810	494	2	-0.581	-0.581	X
ajfa-11810	494	3	]	]	X
ajfa-11810	494	4	[	[	X
ajfa-11810	494	5	-0.162	-0.162	X
ajfa-11810	494	6	]	]	X
ajfa-11810	494	7	log(audit	log(audit	NOUN
ajfa-11810	494	8	fees	fee	NOUN
ajfa-11810	494	9	)	)	PUNCT
ajfa-11810	494	10	0.711	0.711	NUM
ajfa-11810	494	11	*	*	PUNCT
ajfa-11810	494	12	*	*	PUNCT
ajfa-11810	494	13	*	*	PUNCT
ajfa-11810	494	14	0.679	0.679	NUM
ajfa-11810	494	15	*	*	PUNCT
ajfa-11810	494	16	*	*	PUNCT
ajfa-11810	494	17	*	*	PUNCT
ajfa-11810	495	1	[	[	X
ajfa-11810	495	2	10.767	10.767	NUM
ajfa-11810	495	3	]	]	X
ajfa-11810	495	4	[	[	X
ajfa-11810	495	5	9.302	9.302	NUM
ajfa-11810	495	6	]	]	X
ajfa-11810	495	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	495	8	0.099	0.099	NUM
ajfa-11810	495	9	0.197	0.197	NUM
ajfa-11810	495	10	[	[	X
ajfa-11810	495	11	0.712	0.712	NUM
ajfa-11810	495	12	]	]	X
ajfa-11810	495	13	[	[	X
ajfa-11810	495	14	1.469	1.469	NUM
ajfa-11810	495	15	]	]	PUNCT
ajfa-11810	495	16	specialist	specialist	NOUN
ajfa-11810	495	17	0.327	0.327	NOUN
ajfa-11810	495	18	*	*	PUNCT
ajfa-11810	495	19	*	*	PUNCT
ajfa-11810	495	20	*	*	PUNCT
ajfa-11810	495	21	0.140	0.140	NUM
ajfa-11810	495	22	*	*	PUNCT
ajfa-11810	496	1	[	[	X
ajfa-11810	496	2	3.851	3.851	NUM
ajfa-11810	496	3	]	]	PUNCT
ajfa-11810	496	4	[	[	X
ajfa-11810	496	5	1.748	1.748	NUM
ajfa-11810	496	6	]	]	X
ajfa-11810	496	7	crisis*big	crisis*big	ADJ
ajfa-11810	496	8	4	4	NUM
ajfa-11810	496	9	auditor	auditor	NOUN
ajfa-11810	496	10	-0.544	-0.544	NOUN
ajfa-11810	496	11	*	*	PUNCT
ajfa-11810	496	12	*	*	PUNCT
ajfa-11810	496	13	*	*	PUNCT
ajfa-11810	496	14	-0.341	-0.341	PUNCT
ajfa-11810	497	1	[	[	X
ajfa-11810	497	2	-2.880	-2.880	X
ajfa-11810	497	3	]	]	X
ajfa-11810	497	4	[	[	X
ajfa-11810	497	5	-1.480	-1.480	X
ajfa-11810	497	6	]	]	X
ajfa-11810	497	7	big	big	ADJ
ajfa-11810	497	8	4	4	NUM
ajfa-11810	497	9	auditor	auditor	NOUN
ajfa-11810	497	10	0.745	0.745	NUM
ajfa-11810	497	11	*	*	PUNCT
ajfa-11810	497	12	*	*	PUNCT
ajfa-11810	498	1	*	*	PUNCT
ajfa-11810	498	2	0.077	0.077	NUM
ajfa-11810	499	1	[	[	X
ajfa-11810	499	2	4.945	4.945	NUM
ajfa-11810	499	3	]	]	PUNCT
ajfa-11810	500	1	[	[	X
ajfa-11810	500	2	0.496	0.496	NUM
ajfa-11810	500	3	]	]	X
ajfa-11810	500	4	bid	bid	NOUN
ajfa-11810	500	5	-	-	PUNCT
ajfa-11810	500	6	ask	ask	NOUN
ajfa-11810	500	7	spread	spread	NOUN
ajfa-11810	500	8	-46.561	-46.561	PROPN
ajfa-11810	500	9	*	*	PUNCT
ajfa-11810	500	10	*	*	PUNCT
ajfa-11810	500	11	*	*	PUNCT
ajfa-11810	501	1	-69.823	-69.823	PUNCT
ajfa-11810	501	2	*	*	PUNCT
ajfa-11810	501	3	*	*	PUNCT
ajfa-11810	501	4	*	*	PUNCT
ajfa-11810	502	1	-64.600	-64.600	X
ajfa-11810	502	2	*	*	PUNCT
ajfa-11810	502	3	*	*	PUNCT
ajfa-11810	502	4	*	*	PUNCT
ajfa-11810	503	1	-48.270	-48.270	PUNCT
ajfa-11810	503	2	*	*	PUNCT
ajfa-11810	503	3	*	*	PUNCT
ajfa-11810	503	4	*	*	PUNCT
ajfa-11810	504	1	[	[	X
ajfa-11810	504	2	-6.944	-6.944	X
ajfa-11810	504	3	]	]	X
ajfa-11810	505	1	[	[	X
ajfa-11810	505	2	-9.182	-9.182	X
ajfa-11810	505	3	]	]	X
ajfa-11810	506	1	[	[	X
ajfa-11810	506	2	-8.667	-8.667	NOUN
ajfa-11810	506	3	]	]	X
ajfa-11810	507	1	[	[	X
ajfa-11810	507	2	-7.190	-7.190	X
ajfa-11810	507	3	]	]	X
ajfa-11810	507	4	log(intan	log(intan	PROPN
ajfa-11810	507	5	.	.	PUNCT
ajfa-11810	508	1	assets	asset	NOUN
ajfa-11810	508	2	)	)	PUNCT
ajfa-11810	508	3	0.028	0.028	NUM
ajfa-11810	508	4	0.072	0.072	NUM
ajfa-11810	508	5	*	*	PUNCT
ajfa-11810	508	6	*	*	PUNCT
ajfa-11810	508	7	*	*	PUNCT
ajfa-11810	508	8	0.074	0.074	NUM
ajfa-11810	508	9	*	*	PUNCT
ajfa-11810	508	10	*	*	PUNCT
ajfa-11810	508	11	*	*	PUNCT
ajfa-11810	508	12	0.028	0.028	NUM
ajfa-11810	509	1	[	[	X
ajfa-11810	509	2	1.280	1.280	NUM
ajfa-11810	509	3	]	]	PUNCT
ajfa-11810	510	1	[	[	X
ajfa-11810	510	2	3.214	3.214	NUM
ajfa-11810	510	3	]	]	PUNCT
ajfa-11810	511	1	[	[	X
ajfa-11810	511	2	3.227	3.227	NUM
ajfa-11810	511	3	]	]	PUNCT
ajfa-11810	511	4	[	[	X
ajfa-11810	511	5	1.266	1.266	NUM
ajfa-11810	511	6	]	]	PUNCT
ajfa-11810	511	7	book	book	NOUN
ajfa-11810	511	8	-	-	PUNCT
ajfa-11810	511	9	to	to	ADP
ajfa-11810	511	10	-	-	PUNCT
ajfa-11810	511	11	market	market	NOUN
ajfa-11810	511	12	0.070	0.070	NOUN
ajfa-11810	511	13	*	*	PUNCT
ajfa-11810	511	14	*	*	PUNCT
ajfa-11810	511	15	*	*	PUNCT
ajfa-11810	511	16	0.065	0.065	NUM
ajfa-11810	511	17	*	*	PUNCT
ajfa-11810	511	18	*	*	PUNCT
ajfa-11810	511	19	*	*	PUNCT
ajfa-11810	511	20	0.059	0.059	NUM
ajfa-11810	511	21	*	*	PUNCT
ajfa-11810	511	22	*	*	PUNCT
ajfa-11810	511	23	*	*	PUNCT
ajfa-11810	511	24	0.074	0.074	NUM
ajfa-11810	511	25	*	*	PUNCT
ajfa-11810	511	26	*	*	PUNCT
ajfa-11810	511	27	*	*	PUNCT
ajfa-11810	512	1	[	[	X
ajfa-11810	512	2	4.353	4.353	NUM
ajfa-11810	512	3	]	]	PUNCT
ajfa-11810	513	1	[	[	X
ajfa-11810	513	2	4.613	4.613	NUM
ajfa-11810	513	3	]	]	PUNCT
ajfa-11810	514	1	[	[	X
ajfa-11810	514	2	4.335	4.335	NUM
ajfa-11810	514	3	]	]	PUNCT
ajfa-11810	515	1	[	[	X
ajfa-11810	515	2	4.585	4.585	NUM
ajfa-11810	515	3	]	]	PUNCT
ajfa-11810	515	4	return	return	NOUN
ajfa-11810	515	5	on	on	ADP
ajfa-11810	515	6	assets	asset	NOUN
ajfa-11810	515	7	0.769	0.769	NUM
ajfa-11810	515	8	0.304	0.304	NUM
ajfa-11810	515	9	0.461	0.461	NUM
ajfa-11810	515	10	0.666	0.666	NUM
ajfa-11810	516	1	[	[	X
ajfa-11810	516	2	1.584	1.584	NUM
ajfa-11810	516	3	]	]	PUNCT
ajfa-11810	517	1	[	[	X
ajfa-11810	517	2	0.597	0.597	NUM
ajfa-11810	517	3	]	]	X
ajfa-11810	517	4	[	[	X
ajfa-11810	517	5	0.914	0.914	NUM
ajfa-11810	517	6	]	]	PUNCT
ajfa-11810	517	7	[	[	X
ajfa-11810	517	8	1.358	1.358	NUM
ajfa-11810	517	9	]	]	PUNCT
ajfa-11810	517	10	leverage	leverage	NOUN
ajfa-11810	517	11	3.954	3.954	NUM
ajfa-11810	517	12	*	*	PUNCT
ajfa-11810	517	13	*	*	PUNCT
ajfa-11810	517	14	*	*	PUNCT
ajfa-11810	517	15	4.368	4.368	NUM
ajfa-11810	517	16	*	*	PUNCT
ajfa-11810	517	17	*	*	PUNCT
ajfa-11810	517	18	*	*	PUNCT
ajfa-11810	518	1	4.333	4.333	NUM
ajfa-11810	518	2	*	*	PUNCT
ajfa-11810	518	3	*	*	PUNCT
ajfa-11810	518	4	*	*	PUNCT
ajfa-11810	518	5	3.980	3.980	NUM
ajfa-11810	518	6	*	*	X
ajfa-11810	518	7	*	*	PUNCT
ajfa-11810	518	8	*	*	PUNCT
ajfa-11810	518	9	asian	asian	ADJ
ajfa-11810	518	10	journal	journal	NOUN
ajfa-11810	518	11	of	of	ADP
ajfa-11810	518	12	finance	finance	PROPN
ajfa-11810	518	13	&	&	CCONJ
ajfa-11810	518	14	accounting	accounting	PROPN
ajfa-11810	518	15	issn	issn	PROPN
ajfa-11810	518	16	1946	1946	NUM
ajfa-11810	518	17	-	-	PUNCT
ajfa-11810	518	18	052x	052x	NOUN
ajfa-11810	518	19	2018	2018	NUM
ajfa-11810	518	20	,	,	PUNCT
ajfa-11810	518	21	vol	vol	NOUN
ajfa-11810	518	22	.	.	PROPN
ajfa-11810	518	23	10	10	NUM
ajfa-11810	518	24	,	,	PUNCT
ajfa-11810	518	25	no	no	INTJ
ajfa-11810	518	26	.	.	NOUN
ajfa-11810	518	27	1	1	NUM
ajfa-11810	518	28	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	518	29	106	106	NUM
ajfa-11810	519	1	[	[	X
ajfa-11810	519	2	13.562	13.562	NUM
ajfa-11810	519	3	]	]	X
ajfa-11810	519	4	[	[	X
ajfa-11810	519	5	14.014	14.014	NUM
ajfa-11810	519	6	]	]	X
ajfa-11810	519	7	[	[	X
ajfa-11810	519	8	13.672	13.672	NUM
ajfa-11810	519	9	]	]	X
ajfa-11810	519	10	[	[	X
ajfa-11810	519	11	13.693	13.693	X
ajfa-11810	519	12	]	]	X
ajfa-11810	519	13	initial	initial	ADJ
ajfa-11810	519	14	auditor	auditor	NOUN
ajfa-11810	519	15	year	year	NOUN
ajfa-11810	519	16	0.083	0.083	NUM
ajfa-11810	519	17	0.036	0.036	NUM
ajfa-11810	519	18	0.086	0.086	NUM
ajfa-11810	519	19	0.088	0.088	NUM
ajfa-11810	520	1	[	[	X
ajfa-11810	520	2	1.121	1.121	NUM
ajfa-11810	520	3	]	]	PUNCT
ajfa-11810	521	1	[	[	X
ajfa-11810	521	2	0.444	0.444	NUM
ajfa-11810	521	3	]	]	PUNCT
ajfa-11810	522	1	[	[	X
ajfa-11810	522	2	1.031	1.031	NUM
ajfa-11810	522	3	]	]	PUNCT
ajfa-11810	522	4	[	[	X
ajfa-11810	522	5	1.158	1.158	NUM
ajfa-11810	522	6	]	]	PUNCT
ajfa-11810	522	7	log(other	log(other	ADJ
ajfa-11810	522	8	fees	fee	NOUN
ajfa-11810	522	9	)	)	PUNCT
ajfa-11810	522	10	0.002	0.002	NUM
ajfa-11810	522	11	0.032	0.032	NUM
ajfa-11810	522	12	*	*	PUNCT
ajfa-11810	522	13	*	*	PUNCT
ajfa-11810	522	14	*	*	PUNCT
ajfa-11810	522	15	0.035	0.035	NUM
ajfa-11810	522	16	*	*	PUNCT
ajfa-11810	522	17	*	*	PUNCT
ajfa-11810	522	18	*	*	PUNCT
ajfa-11810	522	19	0.001	0.001	NUM
ajfa-11810	523	1	[	[	X
ajfa-11810	523	2	0.263	0.263	NUM
ajfa-11810	523	3	]	]	X
ajfa-11810	524	1	[	[	X
ajfa-11810	524	2	3.562	3.562	NUM
ajfa-11810	524	3	]	]	PUNCT
ajfa-11810	525	1	[	[	X
ajfa-11810	525	2	3.731	3.731	NUM
ajfa-11810	525	3	]	]	PUNCT
ajfa-11810	526	1	[	[	X
ajfa-11810	526	2	0.0570	0.0570	NUM
ajfa-11810	526	3	]	]	PUNCT
ajfa-11810	526	4	log(properties	log(propertie	NOUN
ajfa-11810	526	5	)	)	PUNCT
ajfa-11810	526	6	0.252	0.252	NUM
ajfa-11810	526	7	*	*	PUNCT
ajfa-11810	526	8	*	*	PUNCT
ajfa-11810	526	9	*	*	PUNCT
ajfa-11810	526	10	0.267	0.267	NUM
ajfa-11810	526	11	*	*	PUNCT
ajfa-11810	526	12	*	*	PUNCT
ajfa-11810	526	13	*	*	PUNCT
ajfa-11810	526	14	0.289	0.289	NUM
ajfa-11810	526	15	*	*	PUNCT
ajfa-11810	526	16	*	*	PUNCT
ajfa-11810	526	17	*	*	PUNCT
ajfa-11810	526	18	0.238	0.238	NUM
ajfa-11810	526	19	*	*	PUNCT
ajfa-11810	526	20	*	*	PUNCT
ajfa-11810	526	21	*	*	PUNCT
ajfa-11810	527	1	[	[	X
ajfa-11810	527	2	5.600	5.600	NUM
ajfa-11810	527	3	]	]	PUNCT
ajfa-11810	528	1	[	[	X
ajfa-11810	528	2	5.669	5.669	NUM
ajfa-11810	528	3	]	]	PUNCT
ajfa-11810	529	1	[	[	X
ajfa-11810	529	2	6.214	6.214	NUM
ajfa-11810	529	3	]	]	PUNCT
ajfa-11810	530	1	[	[	X
ajfa-11810	530	2	5.273	5.273	NUM
ajfa-11810	530	3	]	]	PUNCT
ajfa-11810	530	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	530	5	)	)	PUNCT
ajfa-11810	530	6	0.065	0.065	NUM
ajfa-11810	530	7	*	*	PUNCT
ajfa-11810	530	8	*	*	PUNCT
ajfa-11810	530	9	0.194	0.194	NUM
ajfa-11810	530	10	*	*	PUNCT
ajfa-11810	530	11	*	*	PUNCT
ajfa-11810	530	12	*	*	PUNCT
ajfa-11810	530	13	0.169	0.169	NUM
ajfa-11810	530	14	*	*	PUNCT
ajfa-11810	530	15	*	*	PUNCT
ajfa-11810	530	16	*	*	PUNCT
ajfa-11810	530	17	0.081	0.081	NUM
ajfa-11810	530	18	*	*	PUNCT
ajfa-11810	530	19	*	*	PUNCT
ajfa-11810	531	1	[	[	X
ajfa-11810	531	2	2.067	2.067	NUM
ajfa-11810	531	3	]	]	PUNCT
ajfa-11810	532	1	[	[	X
ajfa-11810	532	2	5.660	5.660	NUM
ajfa-11810	532	3	]	]	PUNCT
ajfa-11810	533	1	[	[	X
ajfa-11810	533	2	4.894	4.894	NUM
ajfa-11810	533	3	]	]	PUNCT
ajfa-11810	533	4	[	[	X
ajfa-11810	533	5	2.537	2.537	NUM
ajfa-11810	533	6	]	]	X
ajfa-11810	533	7	foreign	foreign	ADJ
ajfa-11810	533	8	operations	operation	NOUN
ajfa-11810	533	9	-0.307	-0.307	NUM
ajfa-11810	533	10	0.184	0.184	NUM
ajfa-11810	533	11	0.244	0.244	NUM
ajfa-11810	533	12	-0.354	-0.354	NOUN
ajfa-11810	534	1	[	[	X
ajfa-11810	534	2	-1.204	-1.204	X
ajfa-11810	534	3	]	]	X
ajfa-11810	535	1	[	[	X
ajfa-11810	535	2	0.612	0.612	X
ajfa-11810	535	3	]	]	X
ajfa-11810	536	1	[	[	X
ajfa-11810	536	2	0.908	0.908	NUM
ajfa-11810	536	3	]	]	PUNCT
ajfa-11810	537	1	[	[	X
ajfa-11810	537	2	-1.290	-1.290	X
ajfa-11810	537	3	]	]	X
ajfa-11810	537	4	extra	extra	ADJ
ajfa-11810	537	5	/	/	SYM
ajfa-11810	537	6	disc	disc	NOUN
ajfa-11810	537	7	items	item	NOUN
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ajfa-11810	537	9	*	*	SYM
ajfa-11810	537	10	*	*	PUNCT
ajfa-11810	537	11	0.292	0.292	NUM
ajfa-11810	537	12	*	*	PUNCT
ajfa-11810	537	13	*	*	PUNCT
ajfa-11810	537	14	*	*	PUNCT
ajfa-11810	537	15	0.257	0.257	NUM
ajfa-11810	537	16	*	*	PUNCT
ajfa-11810	537	17	*	*	PUNCT
ajfa-11810	537	18	*	*	PUNCT
ajfa-11810	537	19	0.191	0.191	NUM
ajfa-11810	537	20	*	*	PUNCT
ajfa-11810	537	21	*	*	PUNCT
ajfa-11810	537	22	*	*	PUNCT
ajfa-11810	538	1	[	[	X
ajfa-11810	538	2	2.450	2.450	NUM
ajfa-11810	538	3	]	]	X
ajfa-11810	538	4	[	[	X
ajfa-11810	538	5	3.828	3.828	NUM
ajfa-11810	538	6	]	]	PUNCT
ajfa-11810	539	1	[	[	X
ajfa-11810	539	2	3.333	3.333	NUM
ajfa-11810	539	3	]	]	PUNCT
ajfa-11810	540	1	[	[	X
ajfa-11810	540	2	2.667	2.667	NUM
ajfa-11810	540	3	]	]	PUNCT
ajfa-11810	540	4	constant	constant	ADJ
ajfa-11810	540	5	-4.253	-4.253	PUNCT
ajfa-11810	540	6	*	*	PUNCT
ajfa-11810	540	7	*	*	PUNCT
ajfa-11810	540	8	*	*	PUNCT
ajfa-11810	540	9	3.484	3.484	NUM
ajfa-11810	540	10	*	*	PUNCT
ajfa-11810	540	11	*	*	PUNCT
ajfa-11810	540	12	*	*	PUNCT
ajfa-11810	540	13	2.922	2.922	NUM
ajfa-11810	540	14	*	*	PUNCT
ajfa-11810	540	15	*	*	PUNCT
ajfa-11810	540	16	*	*	PUNCT
ajfa-11810	540	17	-4.056	-4.056	PUNCT
ajfa-11810	540	18	*	*	PUNCT
ajfa-11810	540	19	*	*	PUNCT
ajfa-11810	540	20	*	*	PUNCT
ajfa-11810	541	1	[	[	X
ajfa-11810	541	2	-5.014	-5.014	X
ajfa-11810	541	3	]	]	X
ajfa-11810	542	1	[	[	X
ajfa-11810	542	2	9.249	9.249	NUM
ajfa-11810	542	3	]	]	PUNCT
ajfa-11810	543	1	[	[	X
ajfa-11810	543	2	7.077	7.077	NUM
ajfa-11810	543	3	]	]	PUNCT
ajfa-11810	543	4	[	[	X
ajfa-11810	543	5	-4.773	-4.773	X
ajfa-11810	543	6	]	]	X
ajfa-11810	543	7	#	#	NOUN
ajfa-11810	543	8	observations	observation	NOUN
ajfa-11810	543	9	953	953	NUM
ajfa-11810	543	10	953	953	NUM
ajfa-11810	543	11	953	953	NUM
ajfa-11810	543	12	953	953	NUM
ajfa-11810	543	13	f	f	NOUN
ajfa-11810	543	14	78.253	78.253	NUM
ajfa-11810	543	15	58.569	58.569	NUM
ajfa-11810	543	16	65.637	65.637	NUM
ajfa-11810	543	17	78.513	78.513	NUM
ajfa-11810	543	18	adjusted	adjust	VERB
ajfa-11810	543	19	r2	r2	NOUN
ajfa-11810	543	20	0.713	0.713	ADP
ajfa-11810	543	21	0.670	0.670	NUM
ajfa-11810	543	22	0.666	0.666	NUM
ajfa-11810	543	23	0.716	0.716	NUM
ajfa-11810	543	24	notes	note	NOUN
ajfa-11810	543	25	:	:	PUNCT
ajfa-11810	543	26	in	in	ADP
ajfa-11810	543	27	all	all	DET
ajfa-11810	543	28	models	model	NOUN
ajfa-11810	543	29	,	,	PUNCT
ajfa-11810	543	30	the	the	DET
ajfa-11810	543	31	dependent	dependent	ADJ
ajfa-11810	543	32	variable	variable	NOUN
ajfa-11810	543	33	is	be	AUX
ajfa-11810	543	34	log(debt	log(debt	ADP
ajfa-11810	543	35	investment	investment	NOUN
ajfa-11810	543	36	)	)	PUNCT
ajfa-11810	543	37	.	.	PUNCT
ajfa-11810	544	1	in	in	ADP
ajfa-11810	544	2	model	model	NOUN
ajfa-11810	544	3	5a	5a	NUM
ajfa-11810	544	4	,	,	PUNCT
ajfa-11810	544	5	crisis	crisis	NOUN
ajfa-11810	544	6	and	and	CCONJ
ajfa-11810	544	7	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	544	8	fees	fee	NOUN
ajfa-11810	544	9	)	)	PUNCT
ajfa-11810	544	10	are	be	AUX
ajfa-11810	544	11	added	add	VERB
ajfa-11810	544	12	to	to	PART
ajfa-11810	544	13	examine	examine	VERB
ajfa-11810	544	14	the	the	DET
ajfa-11810	544	15	impact	impact	NOUN
ajfa-11810	544	16	of	of	ADP
ajfa-11810	544	17	audit	audit	NOUN
ajfa-11810	544	18	fees	fee	NOUN
ajfa-11810	544	19	on	on	ADP
ajfa-11810	544	20	post	post	ADJ
ajfa-11810	544	21	-	-	ADJ
ajfa-11810	544	22	crisis	crisis	ADJ
ajfa-11810	544	23	equity	equity	NOUN
ajfa-11810	544	24	investment	investment	NOUN
ajfa-11810	544	25	.	.	PUNCT
ajfa-11810	545	1	in	in	ADP
ajfa-11810	545	2	model	model	NOUN
ajfa-11810	545	3	5b	5b	NUM
ajfa-11810	545	4	,	,	PUNCT
ajfa-11810	545	5	crisis	crisis	NOUN
ajfa-11810	545	6	and	and	CCONJ
ajfa-11810	545	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	545	8	are	be	AUX
ajfa-11810	545	9	added	add	VERB
ajfa-11810	545	10	to	to	PART
ajfa-11810	545	11	examine	examine	VERB
ajfa-11810	545	12	the	the	DET
ajfa-11810	545	13	impact	impact	NOUN
ajfa-11810	545	14	of	of	ADP
ajfa-11810	545	15	auditor	auditor	NOUN
ajfa-11810	545	16	specialization	specialization	NOUN
ajfa-11810	545	17	on	on	ADP
ajfa-11810	545	18	post	post	ADJ
ajfa-11810	545	19	-	-	ADJ
ajfa-11810	545	20	crisis	crisis	ADJ
ajfa-11810	545	21	equity	equity	NOUN
ajfa-11810	545	22	investment	investment	NOUN
ajfa-11810	545	23	.	.	PUNCT
ajfa-11810	546	1	in	in	ADP
ajfa-11810	546	2	model	model	NOUN
ajfa-11810	546	3	5c	5c	NOUN
ajfa-11810	546	4	,	,	PUNCT
ajfa-11810	546	5	crisis	crisis	NOUN
ajfa-11810	546	6	and	and	CCONJ
ajfa-11810	546	7	crisis*big	crisis*big	ADJ
ajfa-11810	546	8	4	4	NUM
ajfa-11810	546	9	auditor	auditor	NOUN
ajfa-11810	546	10	are	be	AUX
ajfa-11810	546	11	added	add	VERB
ajfa-11810	546	12	to	to	PART
ajfa-11810	546	13	examine	examine	VERB
ajfa-11810	546	14	the	the	DET
ajfa-11810	546	15	impact	impact	NOUN
ajfa-11810	546	16	of	of	ADP
ajfa-11810	546	17	auditor	auditor	NOUN
ajfa-11810	546	18	reputation	reputation	NOUN
ajfa-11810	546	19	on	on	ADP
ajfa-11810	546	20	post	post	ADJ
ajfa-11810	546	21	-	-	ADJ
ajfa-11810	546	22	crisis	crisis	ADJ
ajfa-11810	546	23	equity	equity	NOUN
ajfa-11810	546	24	investment	investment	NOUN
ajfa-11810	546	25	.	.	PUNCT
ajfa-11810	547	1	in	in	ADP
ajfa-11810	547	2	model	model	NOUN
ajfa-11810	547	3	5d	5d	NUM
ajfa-11810	547	4	,	,	PUNCT
ajfa-11810	547	5	crisis	crisis	NOUN
ajfa-11810	547	6	and	and	CCONJ
ajfa-11810	547	7	all	all	DET
ajfa-11810	547	8	three	three	NUM
ajfa-11810	547	9	interaction	interaction	NOUN
ajfa-11810	547	10	terms	term	NOUN
ajfa-11810	547	11	are	be	AUX
ajfa-11810	547	12	included	include	VERB
ajfa-11810	547	13	to	to	PART
ajfa-11810	547	14	examine	examine	VERB
ajfa-11810	547	15	the	the	DET
ajfa-11810	547	16	impact	impact	NOUN
ajfa-11810	547	17	of	of	ADP
ajfa-11810	547	18	the	the	DET
ajfa-11810	547	19	audit	audit	NOUN
ajfa-11810	547	20	-	-	PUNCT
ajfa-11810	547	21	related	relate	VERB
ajfa-11810	547	22	attributes	attribute	NOUN
ajfa-11810	547	23	of	of	ADP
ajfa-11810	547	24	auditor	auditor	NOUN
ajfa-11810	547	25	quality	quality	NOUN
ajfa-11810	547	26	,	,	PUNCT
ajfa-11810	547	27	specialization	specialization	NOUN
ajfa-11810	547	28	,	,	PUNCT
ajfa-11810	547	29	and	and	CCONJ
ajfa-11810	547	30	reputation	reputation	NOUN
ajfa-11810	547	31	on	on	ADP
ajfa-11810	547	32	post	post	ADJ
ajfa-11810	547	33	-	-	ADJ
ajfa-11810	547	34	crisis	crisis	ADJ
ajfa-11810	547	35	equity	equity	NOUN
ajfa-11810	547	36	investment	investment	NOUN
ajfa-11810	547	37	.	.	PUNCT
ajfa-11810	548	1	bid	bid	NOUN
ajfa-11810	548	2	-	-	PUNCT
ajfa-11810	548	3	ask	ask	NOUN
ajfa-11810	548	4	spread	spread	NOUN
ajfa-11810	548	5	is	be	AUX
ajfa-11810	548	6	an	an	DET
ajfa-11810	548	7	often	often	ADV
ajfa-11810	548	8	-	-	PUNCT
ajfa-11810	548	9	used	use	VERB
ajfa-11810	548	10	measure	measure	NOUN
ajfa-11810	548	11	to	to	PART
ajfa-11810	548	12	capture	capture	VERB
ajfa-11810	548	13	transparency	transparency	NOUN
ajfa-11810	548	14	.	.	PUNCT
ajfa-11810	549	1	log(intan	log(intan	PROPN
ajfa-11810	549	2	.	.	PUNCT
ajfa-11810	550	1	assets	asset	NOUN
ajfa-11810	550	2	)	)	PUNCT
ajfa-11810	550	3	captures	capture	VERB
ajfa-11810	550	4	firm	firm	NOUN
ajfa-11810	550	5	's	's	PART
ajfa-11810	550	6	level	level	NOUN
ajfa-11810	550	7	of	of	ADP
ajfa-11810	550	8	information	information	NOUN
ajfa-11810	550	9	asymmetry	asymmetry	NOUN
ajfa-11810	550	10	or	or	CCONJ
ajfa-11810	550	11	opacity.book	opacity.book	PROPN
ajfa-11810	550	12	-	-	PUNCT
ajfa-11810	550	13	to	to	ADP
ajfa-11810	550	14	-	-	PUNCT
ajfa-11810	550	15	market	market	NOUN
ajfa-11810	550	16	,	,	PUNCT
ajfa-11810	550	17	return	return	VERB
ajfa-11810	550	18	on	on	ADP
ajfa-11810	550	19	assets	asset	NOUN
ajfa-11810	550	20	,	,	PUNCT
ajfa-11810	550	21	and	and	CCONJ
ajfa-11810	550	22	leverage	leverage	NOUN
ajfa-11810	550	23	capture	capture	VERB
ajfa-11810	550	24	individual	individual	ADJ
ajfa-11810	550	25	reit	reit	PROPN
ajfa-11810	550	26	firm	firm	NOUN
ajfa-11810	550	27	characteristics.initial	characteristics.initial	PROPN
ajfa-11810	550	28	and	and	CCONJ
ajfa-11810	550	29	log(other	log(other	ADJ
ajfa-11810	550	30	fees	fee	NOUN
ajfa-11810	550	31	)	)	PUNCT
ajfa-11810	550	32	are	be	AUX
ajfa-11810	550	33	used	use	VERB
ajfa-11810	550	34	to	to	PART
ajfa-11810	550	35	capture	capture	VERB
ajfa-11810	550	36	individual	individual	ADJ
ajfa-11810	550	37	reit	reit	NOUN
ajfa-11810	550	38	-	-	PUNCT
ajfa-11810	550	39	auditor	auditor	NOUN
ajfa-11810	550	40	relationships	relationship	NOUN
ajfa-11810	550	41	.	.	PUNCT
ajfa-11810	551	1	log(properties	log(propertie	NOUN
ajfa-11810	551	2	)	)	PUNCT
ajfa-11810	551	3	,	,	PUNCT
ajfa-11810	551	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	551	5	)	)	PUNCT
ajfa-11810	551	6	,	,	PUNCT
ajfa-11810	551	7	foreign	foreign	ADJ
ajfa-11810	551	8	,	,	PUNCT
ajfa-11810	551	9	and	and	CCONJ
ajfa-11810	551	10	extra	extra	ADJ
ajfa-11810	551	11	/	/	SYM
ajfa-11810	551	12	disc	disc	NOUN
ajfa-11810	551	13	items	item	NOUN
ajfa-11810	551	14	capture	capture	VERB
ajfa-11810	551	15	firm	firm	ADJ
ajfa-11810	551	16	complexity	complexity	NOUN
ajfa-11810	551	17	.	.	PUNCT
ajfa-11810	552	1	reit	reit	PROPN
ajfa-11810	552	2	type	type	NOUN
ajfa-11810	552	3	and	and	CCONJ
ajfa-11810	552	4	year	year	NOUN
ajfa-11810	552	5	dummies	dummy	NOUN
ajfa-11810	552	6	not	not	PART
ajfa-11810	552	7	reported	report	VERB
ajfa-11810	552	8	.	.	PUNCT
ajfa-11810	553	1	regression	regression	NOUN
ajfa-11810	553	2	estimations	estimation	NOUN
ajfa-11810	553	3	are	be	AUX
ajfa-11810	553	4	robust	robust	ADJ
ajfa-11810	553	5	and	and	CCONJ
ajfa-11810	553	6	statistical	statistical	ADJ
ajfa-11810	553	7	significance	significance	NOUN
ajfa-11810	553	8	shown	show	VERB
ajfa-11810	553	9	as	as	ADP
ajfa-11810	553	10	:	:	PUNCT
ajfa-11810	553	11	*	*	PUNCT
ajfa-11810	553	12	p	p	X
ajfa-11810	553	13	<	<	X
ajfa-11810	553	14	0.05	0.05	NUM
ajfa-11810	553	15	,	,	PUNCT
ajfa-11810	553	16	*	*	PUNCT
ajfa-11810	553	17	*	*	PUNCT
ajfa-11810	553	18	p	p	X
ajfa-11810	553	19	<	<	X
ajfa-11810	553	20	0.01	0.01	NUM
ajfa-11810	553	21	,	,	PUNCT
ajfa-11810	553	22	*	*	PUNCT
ajfa-11810	553	23	*	*	PUNCT
ajfa-11810	553	24	*	*	PUNCT
ajfa-11810	554	1	p	p	X
ajfa-11810	554	2	<	<	X
ajfa-11810	554	3	0.001	0.001	NUM
ajfa-11810	554	4	,	,	PUNCT
ajfa-11810	554	5	respectively	respectively	ADV
ajfa-11810	554	6	.	.	PUNCT
ajfa-11810	554	7	table	table	NOUN
ajfa-11810	554	8	11	11	NUM
ajfa-11810	554	9	below	below	ADV
ajfa-11810	554	10	shows	show	VERB
ajfa-11810	554	11	the	the	DET
ajfa-11810	554	12	results	result	NOUN
ajfa-11810	554	13	for	for	ADP
ajfa-11810	554	14	testing	test	VERB
ajfa-11810	554	15	hypothesis	hypothesis	NOUN
ajfa-11810	554	16	2(c	2(c	NUM
ajfa-11810	554	17	)	)	PUNCT
ajfa-11810	554	18	that	that	SCONJ
ajfa-11810	554	19	the	the	DET
ajfa-11810	554	20	financial	financial	ADJ
ajfa-11810	554	21	crisis	crisis	NOUN
ajfa-11810	554	22	positively	positively	ADV
ajfa-11810	554	23	influenced	influence	VERB
ajfa-11810	554	24	the	the	DET
ajfa-11810	554	25	relationship	relationship	NOUN
ajfa-11810	554	26	between	between	ADP
ajfa-11810	554	27	the	the	DET
ajfa-11810	554	28	audit	audit	NOUN
ajfa-11810	554	29	process	process	NOUN
ajfa-11810	554	30	and	and	CCONJ
ajfa-11810	554	31	combined	combine	VERB
ajfa-11810	554	32	equity	equity	NOUN
ajfa-11810	554	33	and	and	CCONJ
ajfa-11810	554	34	debt	debt	NOUN
ajfa-11810	554	35	investment	investment	NOUN
ajfa-11810	554	36	in	in	ADP
ajfa-11810	554	37	reits	reit	NOUN
ajfa-11810	554	38	.	.	PUNCT
ajfa-11810	555	1	the	the	DET
ajfa-11810	555	2	results	result	NOUN
ajfa-11810	555	3	are	be	AUX
ajfa-11810	555	4	similar	similar	ADJ
ajfa-11810	555	5	to	to	ADP
ajfa-11810	555	6	those	those	PRON
ajfa-11810	555	7	found	find	VERB
ajfa-11810	555	8	in	in	ADP
ajfa-11810	555	9	model	model	NOUN
ajfa-11810	555	10	5	5	NUM
ajfa-11810	555	11	,	,	PUNCT
ajfa-11810	555	12	with	with	ADP
ajfa-11810	555	13	a	a	DET
ajfa-11810	555	14	positive	positive	ADJ
ajfa-11810	555	15	,	,	PUNCT
ajfa-11810	555	16	asian	asian	ADJ
ajfa-11810	555	17	journal	journal	NOUN
ajfa-11810	555	18	of	of	ADP
ajfa-11810	555	19	finance	finance	PROPN
ajfa-11810	555	20	&	&	CCONJ
ajfa-11810	555	21	accounting	accounting	PROPN
ajfa-11810	555	22	issn	issn	PROPN
ajfa-11810	555	23	1946	1946	NUM
ajfa-11810	555	24	-	-	PUNCT
ajfa-11810	555	25	052x	052x	NOUN
ajfa-11810	555	26	2018	2018	NUM
ajfa-11810	555	27	,	,	PUNCT
ajfa-11810	555	28	vol	vol	NOUN
ajfa-11810	555	29	.	.	PROPN
ajfa-11810	555	30	10	10	NUM
ajfa-11810	555	31	,	,	PUNCT
ajfa-11810	555	32	no	no	INTJ
ajfa-11810	555	33	.	.	NOUN
ajfa-11810	555	34	1	1	NUM
ajfa-11810	555	35	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	555	36	107	107	NUM
ajfa-11810	555	37	significant	significant	ADJ
ajfa-11810	555	38	coefficient	coefficient	NOUN
ajfa-11810	555	39	for	for	ADP
ajfa-11810	555	40	crisis	crisis	NOUN
ajfa-11810	555	41	(	(	PUNCT
ajfa-11810	555	42	β	β	X
ajfa-11810	555	43	=	=	SYM
ajfa-11810	555	44	0.552	0.552	NUM
ajfa-11810	555	45	)	)	PUNCT
ajfa-11810	555	46	in	in	ADP
ajfa-11810	555	47	model	model	NOUN
ajfa-11810	555	48	6c	6c	NOUN
ajfa-11810	555	49	,	,	PUNCT
ajfa-11810	555	50	suggesting	suggest	VERB
ajfa-11810	555	51	that	that	SCONJ
ajfa-11810	555	52	reits	reit	NOUN
ajfa-11810	555	53	relied	rely	VERB
ajfa-11810	555	54	more	more	ADV
ajfa-11810	555	55	heavily	heavily	ADV
ajfa-11810	555	56	on	on	ADP
ajfa-11810	555	57	combined	combined	ADJ
ajfa-11810	555	58	equity	equity	NOUN
ajfa-11810	555	59	and	and	CCONJ
ajfa-11810	555	60	debt	debt	NOUN
ajfa-11810	555	61	capital	capital	NOUN
ajfa-11810	555	62	after	after	ADP
ajfa-11810	555	63	the	the	DET
ajfa-11810	555	64	crisis	crisis	NOUN
ajfa-11810	555	65	than	than	ADP
ajfa-11810	555	66	before	before	ADP
ajfa-11810	555	67	it	it	PRON
ajfa-11810	555	68	.	.	PUNCT
ajfa-11810	556	1	again	again	ADV
ajfa-11810	556	2	,	,	PUNCT
ajfa-11810	556	3	similar	similar	ADJ
ajfa-11810	556	4	to	to	ADP
ajfa-11810	556	5	model	model	NOUN
ajfa-11810	556	6	5	5	NUM
ajfa-11810	556	7	,	,	PUNCT
ajfa-11810	556	8	the	the	DET
ajfa-11810	556	9	crisis*big	crisis*big	ADJ
ajfa-11810	556	10	4	4	NUM
ajfa-11810	556	11	auditor	auditor	NOUN
ajfa-11810	556	12	interaction	interaction	NOUN
ajfa-11810	556	13	term	term	NOUN
ajfa-11810	556	14	coefficient	coefficient	NOUN
ajfa-11810	556	15	is	be	AUX
ajfa-11810	556	16	negative	negative	ADJ
ajfa-11810	556	17	and	and	CCONJ
ajfa-11810	556	18	significant	significant	ADJ
ajfa-11810	556	19	in	in	ADP
ajfa-11810	556	20	model	model	NOUN
ajfa-11810	556	21	6c	6c	PROPN
ajfa-11810	556	22	(	(	PUNCT
ajfa-11810	556	23	β	β	X
ajfa-11810	556	24	=	=	SYM
ajfa-11810	556	25	-0.528	-0.528	PROPN
ajfa-11810	556	26	)	)	PUNCT
ajfa-11810	556	27	.	.	PUNCT
ajfa-11810	557	1	these	these	DET
ajfa-11810	557	2	findings	finding	NOUN
ajfa-11810	557	3	point	point	VERB
ajfa-11810	557	4	to	to	ADP
ajfa-11810	557	5	a	a	DET
ajfa-11810	557	6	heavier	heavy	ADJ
ajfa-11810	557	7	reliance	reliance	NOUN
ajfa-11810	557	8	upon	upon	SCONJ
ajfa-11810	557	9	combined	combine	VERB
ajfa-11810	557	10	equity	equity	NOUN
ajfa-11810	557	11	and	and	CCONJ
ajfa-11810	557	12	debt	debt	NOUN
ajfa-11810	557	13	capital	capital	NOUN
ajfa-11810	557	14	after	after	ADP
ajfa-11810	557	15	the	the	DET
ajfa-11810	557	16	crisis	crisis	NOUN
ajfa-11810	557	17	than	than	ADP
ajfa-11810	557	18	before	before	ADP
ajfa-11810	557	19	it	it	PRON
ajfa-11810	557	20	,	,	PUNCT
ajfa-11810	557	21	yet	yet	CCONJ
ajfa-11810	557	22	at	at	ADP
ajfa-11810	557	23	the	the	DET
ajfa-11810	557	24	same	same	ADJ
ajfa-11810	557	25	time	time	NOUN
ajfa-11810	557	26	,	,	PUNCT
ajfa-11810	557	27	auditor	auditor	NOUN
ajfa-11810	557	28	reputation	reputation	NOUN
ajfa-11810	557	29	was	be	AUX
ajfa-11810	557	30	of	of	ADP
ajfa-11810	557	31	less	less	ADJ
ajfa-11810	557	32	importance	importance	NOUN
ajfa-11810	557	33	.	.	PUNCT
ajfa-11810	558	1	neither	neither	PRON
ajfa-11810	558	2	of	of	ADP
ajfa-11810	558	3	the	the	DET
ajfa-11810	558	4	interactive	interactive	ADJ
ajfa-11810	558	5	terms	term	NOUN
ajfa-11810	558	6	crisis*specialist	crisis*specialist	VERB
ajfa-11810	558	7	and	and	CCONJ
ajfa-11810	558	8	crisis*big4	crisis*big4	PROPN
ajfa-11810	558	9	auditor	auditor	NOUN
ajfa-11810	558	10	produced	produce	VERB
ajfa-11810	558	11	significant	significant	ADJ
ajfa-11810	558	12	results	result	NOUN
ajfa-11810	558	13	.	.	PUNCT
ajfa-11810	559	1	table	table	NOUN
ajfa-11810	559	2	11	11	NUM
ajfa-11810	559	3	.	.	PUNCT
ajfa-11810	560	1	results	result	NOUN
ajfa-11810	560	2	of	of	ADP
ajfa-11810	560	3	ols	ol	NOUN
ajfa-11810	560	4	regression	regression	NOUN
ajfa-11810	560	5	testing	test	VERB
ajfa-11810	560	6	the	the	DET
ajfa-11810	560	7	expectation	expectation	NOUN
ajfa-11810	560	8	that	that	SCONJ
ajfa-11810	560	9	the	the	DET
ajfa-11810	560	10	financial	financial	ADJ
ajfa-11810	560	11	crisis	crisis	NOUN
ajfa-11810	560	12	of	of	ADP
ajfa-11810	560	13	2007	2007	NUM
ajfa-11810	560	14	-	-	SYM
ajfa-11810	560	15	2008	2008	NUM
ajfa-11810	560	16	positively	positively	ADV
ajfa-11810	560	17	influenced	influence	VERB
ajfa-11810	560	18	the	the	DET
ajfa-11810	560	19	relationship	relationship	NOUN
ajfa-11810	560	20	between	between	ADP
ajfa-11810	560	21	audit	audit	NOUN
ajfa-11810	560	22	-	-	PUNCT
ajfa-11810	560	23	related	relate	VERB
ajfa-11810	560	24	attributes	attribute	NOUN
ajfa-11810	560	25	and	and	CCONJ
ajfa-11810	560	26	combined	combine	VERB
ajfa-11810	560	27	equity	equity	NOUN
ajfa-11810	560	28	and	and	CCONJ
ajfa-11810	560	29	debt	debt	NOUN
ajfa-11810	560	30	investment	investment	NOUN
ajfa-11810	560	31	in	in	ADP
ajfa-11810	560	32	reits	reits	PROPN
ajfa-11810	560	33	variable	variable	ADJ
ajfa-11810	560	34	model	model	NOUN
ajfa-11810	560	35	6a	6a	PROPN
ajfa-11810	560	36	model	model	NOUN
ajfa-11810	560	37	6b	6b	PROPN
ajfa-11810	560	38	model	model	PROPN
ajfa-11810	560	39	6c	6c	PROPN
ajfa-11810	560	40	model	model	NOUN
ajfa-11810	561	1	6d	6d	NUM
ajfa-11810	561	2	coefficient	coefficient	NOUN
ajfa-11810	561	3	coefficient	coefficient	NOUN
ajfa-11810	561	4	coefficient	coefficient	NOUN
ajfa-11810	561	5	coefficient	coefficient	NOUN
ajfa-11810	562	1	[	[	X
ajfa-11810	562	2	t	t	NOUN
ajfa-11810	562	3	-	-	PUNCT
ajfa-11810	562	4	statistic	statistic	NOUN
ajfa-11810	562	5	]	]	X
ajfa-11810	563	1	[	[	X
ajfa-11810	563	2	t	t	NOUN
ajfa-11810	563	3	-	-	PUNCT
ajfa-11810	563	4	statistic	statistic	NOUN
ajfa-11810	563	5	]	]	X
ajfa-11810	564	1	[	[	X
ajfa-11810	564	2	t	t	NOUN
ajfa-11810	564	3	-	-	PUNCT
ajfa-11810	564	4	statistic	statistic	NOUN
ajfa-11810	564	5	]	]	X
ajfa-11810	565	1	[	[	X
ajfa-11810	565	2	t	t	NOUN
ajfa-11810	565	3	-	-	PUNCT
ajfa-11810	565	4	statistic	statistic	NOUN
ajfa-11810	565	5	]	]	PUNCT
ajfa-11810	565	6	crisis	crisis	NOUN
ajfa-11810	565	7	-0.129	-0.129	NUM
ajfa-11810	565	8	-0.074	-0.074	PUNCT
ajfa-11810	565	9	0.552	0.552	PRON
ajfa-11810	565	10	*	*	PUNCT
ajfa-11810	565	11	*	*	NOUN
ajfa-11810	565	12	-0.287	-0.287	PUNCT
ajfa-11810	566	1	[	[	X
ajfa-11810	566	2	-0.107	-0.107	X
ajfa-11810	566	3	]	]	X
ajfa-11810	567	1	[	[	X
ajfa-11810	567	2	-0.420	-0.420	X
ajfa-11810	567	3	]	]	X
ajfa-11810	567	4	[	[	X
ajfa-11810	567	5	2.216	2.216	NUM
ajfa-11810	567	6	]	]	PUNCT
ajfa-11810	567	7	[	[	X
ajfa-11810	567	8	-0.207	-0.207	X
ajfa-11810	567	9	]	]	X
ajfa-11810	567	10	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	567	11	fees	fee	NOUN
ajfa-11810	567	12	)	)	PUNCT
ajfa-11810	567	13	-0.035	-0.035	VERB
ajfa-11810	567	14	-0.002	-0.002	PUNCT
ajfa-11810	568	1	[	[	X
ajfa-11810	568	2	-0.392	-0.392	X
ajfa-11810	568	3	]	]	X
ajfa-11810	568	4	[	[	X
ajfa-11810	568	5	-0.018	-0.018	X
ajfa-11810	568	6	]	]	X
ajfa-11810	568	7	log(audit	log(audit	NOUN
ajfa-11810	568	8	fees	fee	NOUN
ajfa-11810	568	9	)	)	PUNCT
ajfa-11810	568	10	0.702	0.702	NUM
ajfa-11810	568	11	*	*	PUNCT
ajfa-11810	568	12	*	*	PUNCT
ajfa-11810	568	13	*	*	PUNCT
ajfa-11810	568	14	0.663	0.663	NUM
ajfa-11810	568	15	*	*	PUNCT
ajfa-11810	568	16	*	*	PUNCT
ajfa-11810	568	17	*	*	PUNCT
ajfa-11810	569	1	[	[	X
ajfa-11810	569	2	10.460	10.460	NUM
ajfa-11810	569	3	]	]	PUNCT
ajfa-11810	569	4	[	[	X
ajfa-11810	569	5	8.940	8.940	NUM
ajfa-11810	569	6	]	]	PUNCT
ajfa-11810	569	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	569	8	0.077	0.077	NUM
ajfa-11810	569	9	0.168	0.168	NUM
ajfa-11810	570	1	[	[	X
ajfa-11810	570	2	0.557	0.557	NUM
ajfa-11810	570	3	]	]	X
ajfa-11810	571	1	[	[	X
ajfa-11810	571	2	1.248	1.248	NUM
ajfa-11810	571	3	]	]	PUNCT
ajfa-11810	571	4	specialist	specialist	NOUN
ajfa-11810	571	5	0.353	0.353	NUM
ajfa-11810	571	6	*	*	PUNCT
ajfa-11810	571	7	*	*	PUNCT
ajfa-11810	571	8	*	*	PUNCT
ajfa-11810	571	9	0.167	0.167	NUM
ajfa-11810	571	10	*	*	PUNCT
ajfa-11810	571	11	*	*	PUNCT
ajfa-11810	572	1	[	[	X
ajfa-11810	572	2	4.109	4.109	NUM
ajfa-11810	572	3	]	]	PUNCT
ajfa-11810	573	1	[	[	X
ajfa-11810	573	2	2.059	2.059	NUM
ajfa-11810	573	3	]	]	PUNCT
ajfa-11810	573	4	crisis*big	crisis*big	ADJ
ajfa-11810	573	5	4	4	NUM
ajfa-11810	573	6	auditor	auditor	NOUN
ajfa-11810	573	7	-0.528	-0.528	PUNCT
ajfa-11810	573	8	*	*	PUNCT
ajfa-11810	573	9	*	*	PUNCT
ajfa-11810	573	10	*	*	PUNCT
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ajfa-11810	574	1	[	[	X
ajfa-11810	574	2	-2.822	-2.822	NOUN
ajfa-11810	574	3	]	]	X
ajfa-11810	575	1	[	[	X
ajfa-11810	575	2	-1.477	-1.477	X
ajfa-11810	575	3	]	]	X
ajfa-11810	575	4	big	big	ADJ
ajfa-11810	575	5	4	4	NUM
ajfa-11810	575	6	auditor	auditor	NOUN
ajfa-11810	575	7	0.778	0.778	NUM
ajfa-11810	575	8	*	*	PUNCT
ajfa-11810	575	9	*	*	PUNCT
ajfa-11810	575	10	*	*	NOUN
ajfa-11810	575	11	0.122	0.122	NUM
ajfa-11810	576	1	[	[	X
ajfa-11810	576	2	5.125	5.125	NUM
ajfa-11810	576	3	]	]	PUNCT
ajfa-11810	577	1	[	[	X
ajfa-11810	577	2	0.762	0.762	NUM
ajfa-11810	577	3	]	]	PUNCT
ajfa-11810	577	4	bid	bid	NOUN
ajfa-11810	577	5	-	-	PUNCT
ajfa-11810	577	6	ask	ask	NOUN
ajfa-11810	577	7	spread	spread	NOUN
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ajfa-11810	577	9	*	*	PUNCT
ajfa-11810	577	10	*	*	PUNCT
ajfa-11810	577	11	*	*	PUNCT
ajfa-11810	577	12	-72.003	-72.003	PROPN
ajfa-11810	577	13	*	*	PUNCT
ajfa-11810	577	14	*	*	PUNCT
ajfa-11810	577	15	*	*	PUNCT
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ajfa-11810	577	17	*	*	PUNCT
ajfa-11810	577	18	*	*	PUNCT
ajfa-11810	577	19	*	*	PUNCT
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ajfa-11810	578	2	*	*	PUNCT
ajfa-11810	578	3	*	*	PUNCT
ajfa-11810	578	4	*	*	PUNCT
ajfa-11810	579	1	[	[	X
ajfa-11810	579	2	-7.210	-7.210	X
ajfa-11810	579	3	]	]	X
ajfa-11810	580	1	[	[	X
ajfa-11810	580	2	-9.422	-9.422	X
ajfa-11810	580	3	]	]	X
ajfa-11810	581	1	[	[	X
ajfa-11810	581	2	-8.781	-8.781	X
ajfa-11810	581	3	]	]	X
ajfa-11810	581	4	[	[	X
ajfa-11810	581	5	-7.356	-7.356	X
ajfa-11810	581	6	]	]	X
ajfa-11810	581	7	log(intan	log(intan	ADJ
ajfa-11810	581	8	.	.	PUNCT
ajfa-11810	582	1	assets	asset	NOUN
ajfa-11810	582	2	)	)	PUNCT
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ajfa-11810	582	4	0.077	0.077	NUM
ajfa-11810	582	5	*	*	PUNCT
ajfa-11810	582	6	*	*	PUNCT
ajfa-11810	582	7	*	*	PUNCT
ajfa-11810	582	8	0.077	0.077	NUM
ajfa-11810	582	9	*	*	PUNCT
ajfa-11810	582	10	*	*	PUNCT
ajfa-11810	582	11	*	*	PUNCT
ajfa-11810	582	12	0.033	0.033	NUM
ajfa-11810	583	1	[	[	X
ajfa-11810	583	2	1.465	1.465	NUM
ajfa-11810	583	3	]	]	PUNCT
ajfa-11810	583	4	[	[	X
ajfa-11810	583	5	3.401	3.401	NUM
ajfa-11810	583	6	]	]	PUNCT
ajfa-11810	584	1	[	[	X
ajfa-11810	584	2	3.402	3.402	NUM
ajfa-11810	584	3	]	]	PUNCT
ajfa-11810	585	1	[	[	X
ajfa-11810	585	2	1.489	1.489	NUM
ajfa-11810	585	3	]	]	PUNCT
ajfa-11810	585	4	book	book	NOUN
ajfa-11810	585	5	-	-	PUNCT
ajfa-11810	585	6	to	to	ADP
ajfa-11810	585	7	-	-	PUNCT
ajfa-11810	585	8	market	market	NOUN
ajfa-11810	585	9	0.062	0.062	NUM
ajfa-11810	585	10	*	*	NOUN
ajfa-11810	585	11	*	*	PUNCT
ajfa-11810	585	12	*	*	PUNCT
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ajfa-11810	585	14	*	*	PUNCT
ajfa-11810	585	15	*	*	PUNCT
ajfa-11810	585	16	*	*	PUNCT
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ajfa-11810	585	18	*	*	PUNCT
ajfa-11810	585	19	*	*	PUNCT
ajfa-11810	585	20	*	*	PUNCT
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ajfa-11810	585	22	*	*	PUNCT
ajfa-11810	585	23	*	*	PUNCT
ajfa-11810	585	24	*	*	PUNCT
ajfa-11810	585	25	asian	asian	ADJ
ajfa-11810	585	26	journal	journal	NOUN
ajfa-11810	585	27	of	of	ADP
ajfa-11810	585	28	finance	finance	PROPN
ajfa-11810	585	29	&	&	CCONJ
ajfa-11810	585	30	accounting	accounting	PROPN
ajfa-11810	585	31	issn	issn	PROPN
ajfa-11810	585	32	1946	1946	NUM
ajfa-11810	585	33	-	-	PUNCT
ajfa-11810	585	34	052x	052x	NOUN
ajfa-11810	585	35	2018	2018	NUM
ajfa-11810	585	36	,	,	PUNCT
ajfa-11810	585	37	vol	vol	NOUN
ajfa-11810	585	38	.	.	PROPN
ajfa-11810	585	39	10	10	NUM
ajfa-11810	585	40	,	,	PUNCT
ajfa-11810	585	41	no	no	INTJ
ajfa-11810	585	42	.	.	NOUN
ajfa-11810	585	43	1	1	NUM
ajfa-11810	585	44	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	585	45	108	108	NUM
ajfa-11810	586	1	[	[	X
ajfa-11810	586	2	4.1009	4.1009	NUM
ajfa-11810	586	3	]	]	PUNCT
ajfa-11810	587	1	[	[	X
ajfa-11810	587	2	4.297	4.297	NUM
ajfa-11810	587	3	]	]	PUNCT
ajfa-11810	588	1	[	[	X
ajfa-11810	588	2	3.925	3.925	NUM
ajfa-11810	588	3	]	]	PUNCT
ajfa-11810	588	4	[	[	X
ajfa-11810	588	5	4.369	4.369	NUM
ajfa-11810	588	6	]	]	PUNCT
ajfa-11810	588	7	return	return	NOUN
ajfa-11810	588	8	on	on	ADP
ajfa-11810	588	9	assets	asset	NOUN
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ajfa-11810	588	11	0.051	0.051	NUM
ajfa-11810	588	12	0.216	0.216	NUM
ajfa-11810	588	13	0.410	0.410	NUM
ajfa-11810	588	14	[	[	X
ajfa-11810	588	15	0.996	0.996	NUM
ajfa-11810	588	16	]	]	X
ajfa-11810	589	1	[	[	X
ajfa-11810	589	2	0.096	0.096	NUM
ajfa-11810	589	3	]	]	X
ajfa-11810	590	1	[	[	X
ajfa-11810	590	2	0.417	0.417	NUM
ajfa-11810	590	3	]	]	X
ajfa-11810	591	1	[	[	X
ajfa-11810	591	2	0.793	0.793	NUM
ajfa-11810	591	3	]	]	PUNCT
ajfa-11810	591	4	leverage	leverage	NOUN
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ajfa-11810	591	6	*	*	NOUN
ajfa-11810	591	7	*	*	PUNCT
ajfa-11810	591	8	*	*	PUNCT
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ajfa-11810	591	10	*	*	PUNCT
ajfa-11810	591	11	*	*	PUNCT
ajfa-11810	591	12	*	*	PUNCT
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ajfa-11810	591	14	*	*	PUNCT
ajfa-11810	591	15	*	*	PUNCT
ajfa-11810	591	16	*	*	PUNCT
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ajfa-11810	591	18	*	*	PUNCT
ajfa-11810	591	19	*	*	PUNCT
ajfa-11810	591	20	*	*	PUNCT
ajfa-11810	592	1	[	[	X
ajfa-11810	592	2	11.886	11.886	X
ajfa-11810	592	3	]	]	X
ajfa-11810	592	4	[	[	X
ajfa-11810	592	5	12.472	12.472	NUM
ajfa-11810	592	6	]	]	X
ajfa-11810	592	7	[	[	X
ajfa-11810	592	8	12.171	12.171	NUM
ajfa-11810	592	9	]	]	X
ajfa-11810	592	10	[	[	X
ajfa-11810	592	11	11.974	11.974	NUM
ajfa-11810	592	12	]	]	PUNCT
ajfa-11810	592	13	initial	initial	ADJ
ajfa-11810	592	14	auditor	auditor	NOUN
ajfa-11810	592	15	year	year	NOUN
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ajfa-11810	592	17	0.036	0.036	NUM
ajfa-11810	592	18	0.090	0.090	NUM
ajfa-11810	592	19	0.091	0.091	NUM
ajfa-11810	593	1	[	[	X
ajfa-11810	593	2	1.087	1.087	NUM
ajfa-11810	593	3	]	]	X
ajfa-11810	593	4	[	[	X
ajfa-11810	593	5	0.444	0.444	NUM
ajfa-11810	593	6	]	]	PUNCT
ajfa-11810	594	1	[	[	X
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ajfa-11810	594	3	]	]	PUNCT
ajfa-11810	594	4	[	[	X
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ajfa-11810	594	6	]	]	PUNCT
ajfa-11810	594	7	log(other	log(other	ADJ
ajfa-11810	594	8	fees	fee	NOUN
ajfa-11810	594	9	)	)	PUNCT
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ajfa-11810	594	11	0.038	0.038	NUM
ajfa-11810	594	12	*	*	PUNCT
ajfa-11810	594	13	*	*	PUNCT
ajfa-11810	594	14	*	*	PUNCT
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ajfa-11810	594	16	*	*	PUNCT
ajfa-11810	594	17	*	*	PUNCT
ajfa-11810	594	18	*	*	PUNCT
ajfa-11810	594	19	0.007	0.007	NUM
ajfa-11810	595	1	[	[	X
ajfa-11810	595	2	0.892	0.892	NUM
ajfa-11810	595	3	]	]	PUNCT
ajfa-11810	596	1	[	[	X
ajfa-11810	596	2	4.103	4.103	NUM
ajfa-11810	596	3	]	]	PUNCT
ajfa-11810	597	1	[	[	X
ajfa-11810	597	2	4.235	4.235	NUM
ajfa-11810	597	3	]	]	PUNCT
ajfa-11810	597	4	[	[	X
ajfa-11810	597	5	0.713	0.713	NUM
ajfa-11810	597	6	]	]	SYM
ajfa-11810	597	7	log(properties	log(propertie	NOUN
ajfa-11810	597	8	)	)	PUNCT
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ajfa-11810	597	10	*	*	PUNCT
ajfa-11810	597	11	*	*	PUNCT
ajfa-11810	597	12	*	*	PUNCT
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ajfa-11810	597	14	*	*	PUNCT
ajfa-11810	597	15	*	*	PUNCT
ajfa-11810	597	16	*	*	PUNCT
ajfa-11810	597	17	0.281	0.281	NUM
ajfa-11810	597	18	*	*	PUNCT
ajfa-11810	597	19	*	*	PUNCT
ajfa-11810	597	20	*	*	PUNCT
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ajfa-11810	597	22	*	*	PUNCT
ajfa-11810	597	23	*	*	PUNCT
ajfa-11810	597	24	*	*	PUNCT
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ajfa-11810	598	2	5.387	5.387	NUM
ajfa-11810	598	3	]	]	PUNCT
ajfa-11810	598	4	[	[	X
ajfa-11810	598	5	5.437	5.437	NUM
ajfa-11810	598	6	]	]	PUNCT
ajfa-11810	598	7	[	[	X
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ajfa-11810	598	9	]	]	PUNCT
ajfa-11810	598	10	[	[	X
ajfa-11810	598	11	5.022	5.022	NUM
ajfa-11810	598	12	]	]	PUNCT
ajfa-11810	598	13	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	598	14	)	)	PUNCT
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ajfa-11810	598	16	*	*	PUNCT
ajfa-11810	598	17	*	*	X
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ajfa-11810	598	19	*	*	PUNCT
ajfa-11810	598	20	*	*	PUNCT
ajfa-11810	598	21	*	*	PUNCT
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ajfa-11810	598	23	*	*	PUNCT
ajfa-11810	598	24	*	*	PUNCT
ajfa-11810	598	25	*	*	PUNCT
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ajfa-11810	598	27	*	*	PUNCT
ajfa-11810	598	28	*	*	PUNCT
ajfa-11810	598	29	*	*	PUNCT
ajfa-11810	599	1	[	[	X
ajfa-11810	599	2	2.355	2.355	NUM
ajfa-11810	599	3	]	]	PUNCT
ajfa-11810	600	1	[	[	X
ajfa-11810	600	2	5.937	5.937	NUM
ajfa-11810	600	3	]	]	PUNCT
ajfa-11810	601	1	[	[	X
ajfa-11810	601	2	5.125	5.125	NUM
ajfa-11810	601	3	]	]	PUNCT
ajfa-11810	601	4	[	[	X
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ajfa-11810	601	6	]	]	X
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ajfa-11810	601	8	operations	operation	NOUN
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ajfa-11810	601	12	-0.430	-0.430	NOUN
ajfa-11810	602	1	[	[	X
ajfa-11810	602	2	-1.551	-1.551	X
ajfa-11810	602	3	]	]	X
ajfa-11810	603	1	[	[	X
ajfa-11810	603	2	0.335	0.335	NUM
ajfa-11810	603	3	]	]	PUNCT
ajfa-11810	603	4	[	[	X
ajfa-11810	603	5	0.627	0.627	X
ajfa-11810	603	6	]	]	X
ajfa-11810	604	1	[	[	X
ajfa-11810	604	2	-1.598	-1.598	X
ajfa-11810	604	3	]	]	X
ajfa-11810	604	4	extra	extra	ADJ
ajfa-11810	604	5	/	/	SYM
ajfa-11810	604	6	disc	disc	NOUN
ajfa-11810	604	7	items	item	NOUN
ajfa-11810	604	8	0.137	0.137	NUM
ajfa-11810	604	9	*	*	SYM
ajfa-11810	604	10	0.252	0.252	NUM
ajfa-11810	604	11	*	*	PUNCT
ajfa-11810	604	12	*	*	PUNCT
ajfa-11810	604	13	*	*	PUNCT
ajfa-11810	604	14	0.215	0.215	NUM
ajfa-11810	604	15	*	*	PUNCT
ajfa-11810	604	16	*	*	PUNCT
ajfa-11810	604	17	*	*	PUNCT
ajfa-11810	604	18	0.152	0.152	NUM
ajfa-11810	604	19	*	*	PUNCT
ajfa-11810	604	20	*	*	PUNCT
ajfa-11810	605	1	[	[	X
ajfa-11810	605	2	1.880	1.880	NUM
ajfa-11810	605	3	]	]	PUNCT
ajfa-11810	605	4	[	[	X
ajfa-11810	605	5	3.285	3.285	NUM
ajfa-11810	605	6	]	]	PUNCT
ajfa-11810	606	1	[	[	X
ajfa-11810	606	2	2.774	2.774	NUM
ajfa-11810	606	3	]	]	PUNCT
ajfa-11810	606	4	[	[	X
ajfa-11810	606	5	2.095	2.095	NUM
ajfa-11810	606	6	]	]	PUNCT
ajfa-11810	606	7	constant	constant	ADJ
ajfa-11810	606	8	-3.788	-3.788	NOUN
ajfa-11810	606	9	*	*	PUNCT
ajfa-11810	606	10	*	*	PUNCT
ajfa-11810	606	11	*	*	PUNCT
ajfa-11810	606	12	3.839	3.839	NUM
ajfa-11810	606	13	*	*	PUNCT
ajfa-11810	606	14	*	*	PUNCT
ajfa-11810	606	15	*	*	PUNCT
ajfa-11810	606	16	3.255	3.255	NUM
ajfa-11810	606	17	*	*	PUNCT
ajfa-11810	606	18	*	*	PUNCT
ajfa-11810	606	19	*	*	PUNCT
ajfa-11810	606	20	-3.559	-3.559	PUNCT
ajfa-11810	606	21	*	*	PUNCT
ajfa-11810	606	22	*	*	PUNCT
ajfa-11810	606	23	*	*	PUNCT
ajfa-11810	607	1	[	[	X
ajfa-11810	607	2	-4.391	-4.391	X
ajfa-11810	607	3	]	]	X
ajfa-11810	608	1	[	[	X
ajfa-11810	608	2	10.061	10.061	NUM
ajfa-11810	608	3	]	]	X
ajfa-11810	609	1	[	[	X
ajfa-11810	609	2	7.829	7.829	NUM
ajfa-11810	609	3	]	]	PUNCT
ajfa-11810	610	1	[	[	X
ajfa-11810	610	2	-4.116	-4.116	X
ajfa-11810	610	3	]	]	X
ajfa-11810	610	4	#	#	NOUN
ajfa-11810	610	5	observations	observation	NOUN
ajfa-11810	610	6	953	953	NUM
ajfa-11810	610	7	953	953	NUM
ajfa-11810	610	8	953	953	NUM
ajfa-11810	610	9	953	953	NUM
ajfa-11810	610	10	f	f	NOUN
ajfa-11810	610	11	73.080	73.080	NUM
ajfa-11810	610	12	55.324	55.324	NUM
ajfa-11810	610	13	62.526	62.526	NUM
ajfa-11810	610	14	73.510	73.510	NUM
ajfa-11810	610	15	adjusted	adjusted	ADJ
ajfa-11810	610	16	r2	r2	NOUN
ajfa-11810	610	17	0.699	0.699	NUM
ajfa-11810	610	18	0.656	0.656	NUM
ajfa-11810	610	19	0.653	0.653	NUM
ajfa-11810	610	20	0.702	0.702	NUM
ajfa-11810	610	21	notes	note	NOUN
ajfa-11810	610	22	:	:	PUNCT
ajfa-11810	610	23	in	in	ADP
ajfa-11810	610	24	all	all	DET
ajfa-11810	610	25	models	model	NOUN
ajfa-11810	610	26	,	,	PUNCT
ajfa-11810	610	27	the	the	DET
ajfa-11810	610	28	dependent	dependent	ADJ
ajfa-11810	610	29	variable	variable	NOUN
ajfa-11810	610	30	is	be	AUX
ajfa-11810	610	31	log(equity	log(equity	NOUN
ajfa-11810	610	32	&	&	CCONJ
ajfa-11810	610	33	debt	debt	NOUN
ajfa-11810	610	34	investment	investment	NOUN
ajfa-11810	610	35	)	)	PUNCT
ajfa-11810	610	36	.	.	PUNCT
ajfa-11810	611	1	in	in	ADP
ajfa-11810	611	2	model	model	NOUN
ajfa-11810	611	3	6a	6a	NOUN
ajfa-11810	611	4	,	,	PUNCT
ajfa-11810	611	5	crisis	crisis	NOUN
ajfa-11810	611	6	and	and	CCONJ
ajfa-11810	611	7	crisis*log(audit	crisis*log(audit	NOUN
ajfa-11810	611	8	fees	fee	NOUN
ajfa-11810	611	9	)	)	PUNCT
ajfa-11810	611	10	are	be	AUX
ajfa-11810	611	11	added	add	VERB
ajfa-11810	611	12	to	to	PART
ajfa-11810	611	13	examine	examine	VERB
ajfa-11810	611	14	the	the	DET
ajfa-11810	611	15	impact	impact	NOUN
ajfa-11810	611	16	of	of	ADP
ajfa-11810	611	17	audit	audit	NOUN
ajfa-11810	611	18	fees	fee	NOUN
ajfa-11810	611	19	on	on	ADP
ajfa-11810	611	20	post	post	ADJ
ajfa-11810	611	21	-	-	ADJ
ajfa-11810	611	22	crisis	crisis	ADJ
ajfa-11810	611	23	equity	equity	NOUN
ajfa-11810	611	24	investment	investment	NOUN
ajfa-11810	611	25	.	.	PUNCT
ajfa-11810	612	1	in	in	ADP
ajfa-11810	612	2	model	model	NOUN
ajfa-11810	612	3	6b	6b	NOUN
ajfa-11810	612	4	,	,	PUNCT
ajfa-11810	612	5	crisis	crisis	NOUN
ajfa-11810	612	6	and	and	CCONJ
ajfa-11810	612	7	crisis*specialist	crisis*specialist	NOUN
ajfa-11810	612	8	are	be	AUX
ajfa-11810	612	9	added	add	VERB
ajfa-11810	612	10	to	to	PART
ajfa-11810	612	11	examine	examine	VERB
ajfa-11810	612	12	the	the	DET
ajfa-11810	612	13	impact	impact	NOUN
ajfa-11810	612	14	of	of	ADP
ajfa-11810	612	15	auditor	auditor	NOUN
ajfa-11810	612	16	specialization	specialization	NOUN
ajfa-11810	612	17	on	on	ADP
ajfa-11810	612	18	post	post	ADJ
ajfa-11810	612	19	-	-	ADJ
ajfa-11810	612	20	crisis	crisis	ADJ
ajfa-11810	612	21	equity	equity	NOUN
ajfa-11810	612	22	investment	investment	NOUN
ajfa-11810	612	23	.	.	PUNCT
ajfa-11810	613	1	in	in	ADP
ajfa-11810	613	2	model	model	NOUN
ajfa-11810	613	3	6c	6c	NOUN
ajfa-11810	613	4	,	,	PUNCT
ajfa-11810	613	5	crisis	crisis	NOUN
ajfa-11810	613	6	and	and	CCONJ
ajfa-11810	613	7	crisis*big	crisis*big	ADJ
ajfa-11810	613	8	4	4	NUM
ajfa-11810	613	9	auditor	auditor	NOUN
ajfa-11810	613	10	are	be	AUX
ajfa-11810	613	11	added	add	VERB
ajfa-11810	613	12	to	to	PART
ajfa-11810	613	13	examine	examine	VERB
ajfa-11810	613	14	the	the	DET
ajfa-11810	613	15	impact	impact	NOUN
ajfa-11810	613	16	of	of	ADP
ajfa-11810	613	17	auditor	auditor	NOUN
ajfa-11810	613	18	reputation	reputation	NOUN
ajfa-11810	613	19	on	on	ADP
ajfa-11810	613	20	post	post	ADJ
ajfa-11810	613	21	-	-	ADJ
ajfa-11810	613	22	crisis	crisis	ADJ
ajfa-11810	613	23	equity	equity	NOUN
ajfa-11810	613	24	investment	investment	NOUN
ajfa-11810	613	25	.	.	PUNCT
ajfa-11810	614	1	in	in	ADP
ajfa-11810	614	2	model	model	NOUN
ajfa-11810	614	3	6d	6d	NUM
ajfa-11810	614	4	,	,	PUNCT
ajfa-11810	614	5	crisis	crisis	NOUN
ajfa-11810	614	6	and	and	CCONJ
ajfa-11810	614	7	all	all	DET
ajfa-11810	614	8	three	three	NUM
ajfa-11810	614	9	interaction	interaction	NOUN
ajfa-11810	614	10	terms	term	NOUN
ajfa-11810	614	11	are	be	AUX
ajfa-11810	614	12	included	include	VERB
ajfa-11810	614	13	to	to	PART
ajfa-11810	614	14	examine	examine	VERB
ajfa-11810	614	15	the	the	DET
ajfa-11810	614	16	impact	impact	NOUN
ajfa-11810	614	17	of	of	ADP
ajfa-11810	614	18	the	the	DET
ajfa-11810	614	19	audit	audit	NOUN
ajfa-11810	614	20	-	-	PUNCT
ajfa-11810	614	21	related	relate	VERB
ajfa-11810	614	22	attributes	attribute	NOUN
ajfa-11810	614	23	of	of	ADP
ajfa-11810	614	24	auditor	auditor	NOUN
ajfa-11810	614	25	quality	quality	NOUN
ajfa-11810	614	26	,	,	PUNCT
ajfa-11810	614	27	specialization	specialization	NOUN
ajfa-11810	614	28	,	,	PUNCT
ajfa-11810	614	29	and	and	CCONJ
ajfa-11810	614	30	reputation	reputation	NOUN
ajfa-11810	614	31	on	on	ADP
ajfa-11810	614	32	post	post	ADJ
ajfa-11810	614	33	-	-	ADJ
ajfa-11810	614	34	crisis	crisis	ADJ
ajfa-11810	614	35	equity	equity	NOUN
ajfa-11810	614	36	investment	investment	NOUN
ajfa-11810	614	37	.	.	PUNCT
ajfa-11810	615	1	bid	bid	NOUN
ajfa-11810	615	2	-	-	PUNCT
ajfa-11810	615	3	ask	ask	NOUN
ajfa-11810	615	4	spread	spread	NOUN
ajfa-11810	615	5	is	be	AUX
ajfa-11810	615	6	an	an	DET
ajfa-11810	615	7	often	often	ADV
ajfa-11810	615	8	-	-	PUNCT
ajfa-11810	615	9	used	use	VERB
ajfa-11810	615	10	measure	measure	NOUN
ajfa-11810	615	11	to	to	PART
ajfa-11810	615	12	capture	capture	VERB
ajfa-11810	615	13	transparency	transparency	NOUN
ajfa-11810	615	14	.	.	PUNCT
ajfa-11810	616	1	log(intan	log(intan	PROPN
ajfa-11810	616	2	.	.	PUNCT
ajfa-11810	617	1	assets	asset	NOUN
ajfa-11810	617	2	)	)	PUNCT
ajfa-11810	617	3	captures	capture	VERB
ajfa-11810	617	4	firm	firm	NOUN
ajfa-11810	617	5	's	's	PART
ajfa-11810	617	6	level	level	NOUN
ajfa-11810	617	7	of	of	ADP
ajfa-11810	617	8	information	information	NOUN
ajfa-11810	617	9	asymmetry	asymmetry	NOUN
ajfa-11810	617	10	or	or	CCONJ
ajfa-11810	617	11	opacity.book	opacity.book	PROPN
ajfa-11810	617	12	-	-	PUNCT
ajfa-11810	617	13	to	to	ADP
ajfa-11810	617	14	-	-	PUNCT
ajfa-11810	617	15	market	market	NOUN
ajfa-11810	617	16	,	,	PUNCT
ajfa-11810	617	17	return	return	VERB
ajfa-11810	617	18	on	on	ADP
ajfa-11810	617	19	assets	asset	NOUN
ajfa-11810	617	20	,	,	PUNCT
ajfa-11810	617	21	and	and	CCONJ
ajfa-11810	617	22	leverage	leverage	NOUN
ajfa-11810	617	23	capture	capture	VERB
ajfa-11810	617	24	individual	individual	ADJ
ajfa-11810	617	25	reit	reit	PROPN
ajfa-11810	617	26	firm	firm	NOUN
ajfa-11810	617	27	characteristics.initial	characteristics.initial	PROPN
ajfa-11810	617	28	and	and	CCONJ
ajfa-11810	617	29	log(other	log(other	ADJ
ajfa-11810	617	30	fees	fee	NOUN
ajfa-11810	617	31	)	)	PUNCT
ajfa-11810	617	32	are	be	AUX
ajfa-11810	617	33	used	use	VERB
ajfa-11810	617	34	to	to	PART
ajfa-11810	617	35	capture	capture	VERB
ajfa-11810	617	36	individual	individual	ADJ
ajfa-11810	617	37	reit	reit	NOUN
ajfa-11810	617	38	-	-	PUNCT
ajfa-11810	617	39	auditor	auditor	NOUN
ajfa-11810	617	40	relationships	relationship	NOUN
ajfa-11810	617	41	.	.	PUNCT
ajfa-11810	618	1	log(properties	log(propertie	NOUN
ajfa-11810	618	2	)	)	PUNCT
ajfa-11810	618	3	,	,	PUNCT
ajfa-11810	618	4	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	618	5	)	)	PUNCT
ajfa-11810	618	6	,	,	PUNCT
ajfa-11810	618	7	foreign	foreign	ADJ
ajfa-11810	618	8	,	,	PUNCT
ajfa-11810	618	9	and	and	CCONJ
ajfa-11810	618	10	extra	extra	ADJ
ajfa-11810	618	11	/	/	SYM
ajfa-11810	618	12	disc	disc	NOUN
ajfa-11810	618	13	items	item	NOUN
ajfa-11810	618	14	capture	capture	VERB
ajfa-11810	618	15	firm	firm	ADJ
ajfa-11810	618	16	asian	asian	ADJ
ajfa-11810	618	17	journal	journal	NOUN
ajfa-11810	618	18	of	of	ADP
ajfa-11810	618	19	finance	finance	PROPN
ajfa-11810	618	20	&	&	CCONJ
ajfa-11810	618	21	accounting	accounting	PROPN
ajfa-11810	618	22	issn	issn	PROPN
ajfa-11810	618	23	1946	1946	NUM
ajfa-11810	618	24	-	-	PUNCT
ajfa-11810	618	25	052x	052x	NOUN
ajfa-11810	618	26	2018	2018	NUM
ajfa-11810	618	27	,	,	PUNCT
ajfa-11810	618	28	vol	vol	NOUN
ajfa-11810	618	29	.	.	PROPN
ajfa-11810	619	1	10	10	NUM
ajfa-11810	619	2	,	,	PUNCT
ajfa-11810	619	3	no	no	INTJ
ajfa-11810	619	4	.	.	NOUN
ajfa-11810	619	5	1	1	NUM
ajfa-11810	619	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	619	7	109	109	NUM
ajfa-11810	619	8	complexity	complexity	NOUN
ajfa-11810	619	9	.	.	PUNCT
ajfa-11810	620	1	reit	reit	PROPN
ajfa-11810	620	2	type	type	NOUN
ajfa-11810	620	3	and	and	CCONJ
ajfa-11810	620	4	year	year	NOUN
ajfa-11810	620	5	dummies	dummy	NOUN
ajfa-11810	620	6	not	not	PART
ajfa-11810	620	7	reported	report	VERB
ajfa-11810	620	8	.	.	PUNCT
ajfa-11810	621	1	regression	regression	NOUN
ajfa-11810	621	2	estimations	estimation	NOUN
ajfa-11810	621	3	are	be	AUX
ajfa-11810	621	4	robust	robust	ADJ
ajfa-11810	621	5	and	and	CCONJ
ajfa-11810	621	6	statistical	statistical	ADJ
ajfa-11810	621	7	significance	significance	NOUN
ajfa-11810	621	8	shown	show	VERB
ajfa-11810	621	9	as	as	ADP
ajfa-11810	621	10	:	:	PUNCT
ajfa-11810	621	11	*	*	PUNCT
ajfa-11810	621	12	p	p	X
ajfa-11810	621	13	<	<	X
ajfa-11810	621	14	0.05	0.05	NUM
ajfa-11810	621	15	,	,	PUNCT
ajfa-11810	621	16	*	*	PUNCT
ajfa-11810	621	17	*	*	PUNCT
ajfa-11810	621	18	p	p	X
ajfa-11810	621	19	<	<	X
ajfa-11810	621	20	0.01	0.01	NUM
ajfa-11810	621	21	,	,	PUNCT
ajfa-11810	621	22	*	*	PUNCT
ajfa-11810	621	23	*	*	PUNCT
ajfa-11810	621	24	*	*	PUNCT
ajfa-11810	622	1	p	p	X
ajfa-11810	622	2	<	<	X
ajfa-11810	622	3	0.001	0.001	NUM
ajfa-11810	622	4	,	,	PUNCT
ajfa-11810	622	5	respectively	respectively	ADV
ajfa-11810	622	6	.	.	PUNCT
ajfa-11810	623	1	many	many	ADJ
ajfa-11810	623	2	of	of	ADP
ajfa-11810	623	3	the	the	DET
ajfa-11810	623	4	control	control	NOUN
ajfa-11810	623	5	variables	variable	NOUN
ajfa-11810	623	6	provide	provide	VERB
ajfa-11810	623	7	interesting	interesting	ADJ
ajfa-11810	623	8	results	result	NOUN
ajfa-11810	623	9	.	.	PUNCT
ajfa-11810	624	1	for	for	ADP
ajfa-11810	624	2	example	example	NOUN
ajfa-11810	624	3	,	,	PUNCT
ajfa-11810	624	4	bid	bid	NOUN
ajfa-11810	624	5	-	-	PUNCT
ajfa-11810	624	6	ask	ask	NOUN
ajfa-11810	624	7	spread	spread	NOUN
ajfa-11810	624	8	,	,	PUNCT
ajfa-11810	624	9	one	one	NUM
ajfa-11810	624	10	of	of	ADP
ajfa-11810	624	11	the	the	DET
ajfa-11810	624	12	variables	variable	NOUN
ajfa-11810	624	13	used	use	VERB
ajfa-11810	624	14	to	to	PART
ajfa-11810	624	15	capture	capture	VERB
ajfa-11810	624	16	financial	financial	ADJ
ajfa-11810	624	17	transparency	transparency	NOUN
ajfa-11810	624	18	,	,	PUNCT
ajfa-11810	624	19	is	be	AUX
ajfa-11810	624	20	also	also	ADV
ajfa-11810	624	21	negative	negative	ADJ
ajfa-11810	624	22	and	and	CCONJ
ajfa-11810	624	23	significant	significant	ADJ
ajfa-11810	624	24	in	in	ADP
ajfa-11810	624	25	all	all	DET
ajfa-11810	624	26	models	model	NOUN
ajfa-11810	624	27	.	.	PUNCT
ajfa-11810	625	1	log(intan	log(intan	ADJ
ajfa-11810	625	2	assets	asset	NOUN
ajfa-11810	625	3	)	)	PUNCT
ajfa-11810	625	4	,	,	PUNCT
ajfa-11810	625	5	our	our	PRON
ajfa-11810	625	6	proxy	proxy	NOUN
ajfa-11810	625	7	for	for	ADP
ajfa-11810	625	8	information	information	NOUN
ajfa-11810	625	9	asymmetry	asymmetry	NOUN
ajfa-11810	625	10	/	/	SYM
ajfa-11810	625	11	opacity	opacity	NOUN
ajfa-11810	625	12	,	,	PUNCT
ajfa-11810	625	13	is	be	AUX
ajfa-11810	625	14	largely	largely	ADV
ajfa-11810	625	15	positive	positive	ADJ
ajfa-11810	625	16	and	and	CCONJ
ajfa-11810	625	17	significant	significant	ADJ
ajfa-11810	625	18	,	,	PUNCT
ajfa-11810	625	19	which	which	PRON
ajfa-11810	625	20	suggests	suggest	VERB
ajfa-11810	625	21	that	that	SCONJ
ajfa-11810	625	22	when	when	SCONJ
ajfa-11810	625	23	reit	reit	PROPN
ajfa-11810	625	24	investors	investor	NOUN
ajfa-11810	625	25	view	view	VERB
ajfa-11810	625	26	reits	reit	NOUN
ajfa-11810	625	27	as	as	ADP
ajfa-11810	625	28	more	more	ADV
ajfa-11810	625	29	transparent	transparent	ADJ
ajfa-11810	625	30	(	(	PUNCT
ajfa-11810	625	31	lower	low	ADJ
ajfa-11810	625	32	bid	bid	NOUN
ajfa-11810	625	33	-	-	PUNCT
ajfa-11810	625	34	ask	ask	NOUN
ajfa-11810	625	35	spreads	spread	NOUN
ajfa-11810	625	36	)	)	PUNCT
ajfa-11810	625	37	,	,	PUNCT
ajfa-11810	625	38	or	or	CCONJ
ajfa-11810	625	39	when	when	SCONJ
ajfa-11810	625	40	they	they	PRON
ajfa-11810	625	41	perceive	perceive	VERB
ajfa-11810	625	42	lower	low	ADJ
ajfa-11810	625	43	levels	level	NOUN
ajfa-11810	625	44	of	of	ADP
ajfa-11810	625	45	information	information	NOUN
ajfa-11810	625	46	asymmetry	asymmetry	NOUN
ajfa-11810	625	47	(	(	PUNCT
ajfa-11810	625	48	lower	low	ADJ
ajfa-11810	625	49	levels	level	NOUN
ajfa-11810	625	50	of	of	ADP
ajfa-11810	625	51	intangible	intangible	ADJ
ajfa-11810	625	52	assets	asset	NOUN
ajfa-11810	625	53	)	)	PUNCT
ajfa-11810	625	54	,	,	PUNCT
ajfa-11810	625	55	they	they	PRON
ajfa-11810	625	56	are	be	AUX
ajfa-11810	625	57	more	more	ADV
ajfa-11810	625	58	inclined	inclined	ADJ
ajfa-11810	625	59	to	to	PART
ajfa-11810	625	60	invest	invest	VERB
ajfa-11810	625	61	in	in	ADP
ajfa-11810	625	62	reits	reit	NOUN
ajfa-11810	625	63	.	.	PUNCT
ajfa-11810	626	1	the	the	DET
ajfa-11810	626	2	number	number	NOUN
ajfa-11810	626	3	of	of	ADP
ajfa-11810	626	4	properties	property	NOUN
ajfa-11810	626	5	owned	own	VERB
ajfa-11810	626	6	by	by	ADP
ajfa-11810	626	7	reits	reit	NOUN
ajfa-11810	626	8	and/or	and/or	CCONJ
ajfa-11810	626	9	their	their	PRON
ajfa-11810	626	10	subsidiaries	subsidiary	NOUN
ajfa-11810	626	11	contributes	contribute	VERB
ajfa-11810	626	12	to	to	ADP
ajfa-11810	626	13	their	their	PRON
ajfa-11810	626	14	demand	demand	NOUN
ajfa-11810	626	15	for	for	ADP
ajfa-11810	626	16	capital	capital	NOUN
ajfa-11810	626	17	investment	investment	NOUN
ajfa-11810	626	18	.	.	PUNCT
ajfa-11810	627	1	to	to	PART
ajfa-11810	627	2	control	control	VERB
ajfa-11810	627	3	for	for	ADP
ajfa-11810	627	4	this	this	PRON
ajfa-11810	627	5	,	,	PUNCT
ajfa-11810	627	6	we	we	PRON
ajfa-11810	627	7	use	use	VERB
ajfa-11810	627	8	the	the	DET
ajfa-11810	627	9	variable	variable	ADJ
ajfa-11810	627	10	log(properties	log(propertie	NOUN
ajfa-11810	627	11	)	)	PUNCT
ajfa-11810	627	12	.	.	PUNCT
ajfa-11810	628	1	in	in	ADP
ajfa-11810	628	2	all	all	DET
ajfa-11810	628	3	models	model	NOUN
ajfa-11810	628	4	,	,	PUNCT
ajfa-11810	628	5	the	the	DET
ajfa-11810	628	6	coefficients	coefficient	NOUN
ajfa-11810	628	7	for	for	ADP
ajfa-11810	628	8	log(properties	log(propertie	NOUN
ajfa-11810	628	9	)	)	PUNCT
ajfa-11810	628	10	are	be	AUX
ajfa-11810	628	11	positive	positive	ADJ
ajfa-11810	628	12	and	and	CCONJ
ajfa-11810	628	13	significant	significant	ADJ
ajfa-11810	628	14	,	,	PUNCT
ajfa-11810	628	15	revealing	reveal	VERB
ajfa-11810	628	16	a	a	DET
ajfa-11810	628	17	positive	positive	ADJ
ajfa-11810	628	18	relationship	relationship	NOUN
ajfa-11810	628	19	between	between	ADP
ajfa-11810	628	20	the	the	DET
ajfa-11810	628	21	number	number	NOUN
ajfa-11810	628	22	of	of	ADP
ajfa-11810	628	23	properties	property	NOUN
ajfa-11810	628	24	owned	own	VERB
ajfa-11810	628	25	and	and	CCONJ
ajfa-11810	628	26	reit	reit	PROPN
ajfa-11810	628	27	capital	capital	NOUN
ajfa-11810	628	28	investment	investment	NOUN
ajfa-11810	628	29	.	.	PUNCT
ajfa-11810	629	1	this	this	DET
ajfa-11810	629	2	finding	finding	NOUN
ajfa-11810	629	3	is	be	AUX
ajfa-11810	629	4	not	not	PART
ajfa-11810	629	5	altogether	altogether	ADV
ajfa-11810	629	6	surprising	surprising	ADJ
ajfa-11810	629	7	.	.	PUNCT
ajfa-11810	630	1	because	because	SCONJ
ajfa-11810	630	2	reits	reit	NOUN
ajfa-11810	630	3	have	have	VERB
ajfa-11810	630	4	to	to	PART
ajfa-11810	630	5	distribute	distribute	VERB
ajfa-11810	630	6	the	the	DET
ajfa-11810	630	7	bulk	bulk	NOUN
ajfa-11810	630	8	of	of	ADP
ajfa-11810	630	9	their	their	PRON
ajfa-11810	630	10	available	available	ADJ
ajfa-11810	630	11	cash	cash	NOUN
ajfa-11810	630	12	as	as	ADP
ajfa-11810	630	13	dividends	dividend	NOUN
ajfa-11810	630	14	,	,	PUNCT
ajfa-11810	630	15	to	to	PART
ajfa-11810	630	16	acquire	acquire	VERB
ajfa-11810	630	17	additional	additional	ADJ
ajfa-11810	630	18	properties	property	NOUN
ajfa-11810	630	19	,	,	PUNCT
ajfa-11810	630	20	they	they	PRON
ajfa-11810	630	21	need	need	VERB
ajfa-11810	630	22	new	new	ADJ
ajfa-11810	630	23	capital	capital	NOUN
ajfa-11810	630	24	.	.	PUNCT
ajfa-11810	631	1	as	as	SCONJ
ajfa-11810	631	2	reits	reit	NOUN
ajfa-11810	631	3	acquire	acquire	VERB
ajfa-11810	631	4	more	more	ADJ
ajfa-11810	631	5	properties	property	NOUN
ajfa-11810	631	6	,	,	PUNCT
ajfa-11810	631	7	and	and	CCONJ
ajfa-11810	631	8	increase	increase	VERB
ajfa-11810	631	9	needs	need	NOUN
ajfa-11810	631	10	for	for	ADP
ajfa-11810	631	11	additional	additional	ADJ
ajfa-11810	631	12	capital	capital	NOUN
ajfa-11810	631	13	,	,	PUNCT
ajfa-11810	631	14	implementing	implement	VERB
ajfa-11810	631	15	strategies	strategy	NOUN
ajfa-11810	631	16	to	to	PART
ajfa-11810	631	17	lower	lower	VERB
ajfa-11810	631	18	information	information	NOUN
ajfa-11810	631	19	asymmetries	asymmetry	NOUN
ajfa-11810	631	20	and	and	CCONJ
ajfa-11810	631	21	increase	increase	VERB
ajfa-11810	631	22	financial	financial	ADJ
ajfa-11810	631	23	transparency	transparency	NOUN
ajfa-11810	631	24	takes	take	VERB
ajfa-11810	631	25	on	on	ADP
ajfa-11810	631	26	added	add	VERB
ajfa-11810	631	27	importance	importance	NOUN
ajfa-11810	631	28	.	.	PUNCT
ajfa-11810	632	1	in	in	ADP
ajfa-11810	632	2	a	a	DET
ajfa-11810	632	3	similar	similar	ADJ
ajfa-11810	632	4	fashion	fashion	NOUN
ajfa-11810	632	5	,	,	PUNCT
ajfa-11810	632	6	all	all	DET
ajfa-11810	632	7	models	model	NOUN
ajfa-11810	632	8	show	show	VERB
ajfa-11810	632	9	positive	positive	ADJ
ajfa-11810	632	10	and	and	CCONJ
ajfa-11810	632	11	significant	significant	ADJ
ajfa-11810	632	12	coefficients	coefficient	NOUN
ajfa-11810	632	13	for	for	ADP
ajfa-11810	632	14	log(subsidiaries	log(subsidiarie	NOUN
ajfa-11810	632	15	)	)	PUNCT
ajfa-11810	632	16	,	,	PUNCT
ajfa-11810	632	17	another	another	DET
ajfa-11810	632	18	reit	reit	PROPN
ajfa-11810	632	19	complexity	complexity	PROPN
ajfa-11810	632	20	indicator	indicator	NOUN
ajfa-11810	632	21	.	.	PUNCT
ajfa-11810	633	1	logically	logically	ADV
ajfa-11810	633	2	,	,	PUNCT
ajfa-11810	633	3	increased	increase	VERB
ajfa-11810	633	4	subsidiary	subsidiary	NOUN
ajfa-11810	633	5	investment	investment	NOUN
ajfa-11810	633	6	and	and	CCONJ
ajfa-11810	633	7	operation	operation	NOUN
ajfa-11810	633	8	requires	require	VERB
ajfa-11810	633	9	increased	increase	VERB
ajfa-11810	633	10	capital	capital	NOUN
ajfa-11810	633	11	investment	investment	NOUN
ajfa-11810	633	12	.	.	PUNCT
ajfa-11810	634	1	5	5	X
ajfa-11810	634	2	.	.	X
ajfa-11810	634	3	conclusion	conclusion	NOUN
ajfa-11810	634	4	existing	exist	VERB
ajfa-11810	634	5	research	research	NOUN
ajfa-11810	634	6	indicates	indicate	VERB
ajfa-11810	634	7	that	that	SCONJ
ajfa-11810	634	8	firms	firm	NOUN
ajfa-11810	634	9	use	use	VERB
ajfa-11810	634	10	the	the	DET
ajfa-11810	634	11	audit	audit	NOUN
ajfa-11810	634	12	process	process	NOUN
ajfa-11810	634	13	as	as	ADP
ajfa-11810	634	14	a	a	DET
ajfa-11810	634	15	means	means	NOUN
ajfa-11810	634	16	of	of	ADP
ajfa-11810	634	17	conveying	convey	VERB
ajfa-11810	634	18	information	information	NOUN
ajfa-11810	634	19	to	to	ADP
ajfa-11810	634	20	investors	investor	NOUN
ajfa-11810	634	21	,	,	PUNCT
ajfa-11810	634	22	often	often	ADV
ajfa-11810	634	23	in	in	ADP
ajfa-11810	634	24	attempts	attempt	NOUN
ajfa-11810	634	25	to	to	PART
ajfa-11810	634	26	signal	signal	VERB
ajfa-11810	634	27	their	their	PRON
ajfa-11810	634	28	increased	increase	VERB
ajfa-11810	634	29	financial	financial	ADJ
ajfa-11810	634	30	transparency	transparency	NOUN
ajfa-11810	634	31	.	.	PUNCT
ajfa-11810	635	1	in	in	ADP
ajfa-11810	635	2	this	this	DET
ajfa-11810	635	3	paper	paper	NOUN
ajfa-11810	635	4	,	,	PUNCT
ajfa-11810	635	5	we	we	PRON
ajfa-11810	635	6	examine	examine	VERB
ajfa-11810	635	7	how	how	SCONJ
ajfa-11810	635	8	reits	reit	NOUN
ajfa-11810	635	9	use	use	VERB
ajfa-11810	635	10	the	the	DET
ajfa-11810	635	11	audit	audit	NOUN
ajfa-11810	635	12	-	-	PUNCT
ajfa-11810	635	13	related	relate	VERB
ajfa-11810	635	14	attributes	attribute	NOUN
ajfa-11810	635	15	of	of	ADP
ajfa-11810	635	16	auditor	auditor	NOUN
ajfa-11810	635	17	quality	quality	NOUN
ajfa-11810	635	18	,	,	PUNCT
ajfa-11810	635	19	specialization	specialization	NOUN
ajfa-11810	635	20	,	,	PUNCT
ajfa-11810	635	21	and	and	CCONJ
ajfa-11810	635	22	reputation	reputation	NOUN
ajfa-11810	635	23	to	to	PART
ajfa-11810	635	24	signal	signal	VERB
ajfa-11810	635	25	or	or	CCONJ
ajfa-11810	635	26	convey	convey	VERB
ajfa-11810	635	27	financial	financial	ADJ
ajfa-11810	635	28	transparency	transparency	NOUN
ajfa-11810	635	29	to	to	ADP
ajfa-11810	635	30	potential	potential	ADJ
ajfa-11810	635	31	investors	investor	NOUN
ajfa-11810	635	32	in	in	ADP
ajfa-11810	635	33	order	order	NOUN
ajfa-11810	635	34	to	to	PART
ajfa-11810	635	35	motivate	motivate	VERB
ajfa-11810	635	36	capital	capital	NOUN
ajfa-11810	635	37	investment	investment	NOUN
ajfa-11810	635	38	.	.	PUNCT
ajfa-11810	636	1	we	we	PRON
ajfa-11810	636	2	first	first	ADV
ajfa-11810	636	3	analyze	analyze	VERB
ajfa-11810	636	4	the	the	DET
ajfa-11810	636	5	relationship	relationship	NOUN
ajfa-11810	636	6	between	between	ADP
ajfa-11810	636	7	these	these	DET
ajfa-11810	636	8	three	three	NUM
ajfa-11810	636	9	audit	audit	NOUN
ajfa-11810	636	10	-	-	PUNCT
ajfa-11810	636	11	related	relate	VERB
ajfa-11810	636	12	attributes	attribute	NOUN
ajfa-11810	636	13	and	and	CCONJ
ajfa-11810	636	14	reit	reit	PROPN
ajfa-11810	636	15	equity	equity	PROPN
ajfa-11810	636	16	,	,	PUNCT
ajfa-11810	636	17	debt	debt	NOUN
ajfa-11810	636	18	,	,	PUNCT
ajfa-11810	636	19	and	and	CCONJ
ajfa-11810	636	20	combined	combined	ADJ
ajfa-11810	636	21	equity	equity	NOUN
ajfa-11810	636	22	and	and	CCONJ
ajfa-11810	636	23	debt	debt	NOUN
ajfa-11810	636	24	capital	capital	NOUN
ajfa-11810	636	25	investment	investment	NOUN
ajfa-11810	636	26	.	.	PUNCT
ajfa-11810	637	1	we	we	PRON
ajfa-11810	637	2	then	then	ADV
ajfa-11810	637	3	analyze	analyze	VERB
ajfa-11810	637	4	this	this	DET
ajfa-11810	637	5	relationship	relationship	NOUN
ajfa-11810	637	6	by	by	ADP
ajfa-11810	637	7	considering	consider	VERB
ajfa-11810	637	8	the	the	DET
ajfa-11810	637	9	financial	financial	ADJ
ajfa-11810	637	10	crisis	crisis	NOUN
ajfa-11810	637	11	to	to	PART
ajfa-11810	637	12	investigate	investigate	VERB
ajfa-11810	637	13	whether	whether	SCONJ
ajfa-11810	637	14	the	the	DET
ajfa-11810	637	15	use	use	NOUN
ajfa-11810	637	16	of	of	ADP
ajfa-11810	637	17	these	these	DET
ajfa-11810	637	18	audit	audit	NOUN
ajfa-11810	637	19	-	-	PUNCT
ajfa-11810	637	20	related	relate	VERB
ajfa-11810	637	21	attributes	attribute	NOUN
ajfa-11810	637	22	has	have	VERB
ajfa-11810	637	23	a	a	DET
ajfa-11810	637	24	stronger	strong	ADJ
ajfa-11810	637	25	impact	impact	NOUN
ajfa-11810	637	26	on	on	ADP
ajfa-11810	637	27	capital	capital	NOUN
ajfa-11810	637	28	issuance	issuance	NOUN
ajfa-11810	637	29	after	after	ADP
ajfa-11810	637	30	the	the	DET
ajfa-11810	637	31	crisis	crisis	NOUN
ajfa-11810	637	32	.	.	PUNCT
ajfa-11810	638	1	studies	study	NOUN
ajfa-11810	638	2	confirm	confirm	VERB
ajfa-11810	638	3	that	that	SCONJ
ajfa-11810	638	4	when	when	SCONJ
ajfa-11810	638	5	firms	firm	NOUN
ajfa-11810	638	6	signal	signal	VERB
ajfa-11810	638	7	their	their	PRON
ajfa-11810	638	8	increased	increase	VERB
ajfa-11810	638	9	financial	financial	ADJ
ajfa-11810	638	10	transparency	transparency	NOUN
ajfa-11810	638	11	to	to	ADP
ajfa-11810	638	12	investors	investor	NOUN
ajfa-11810	638	13	,	,	PUNCT
ajfa-11810	638	14	they	they	PRON
ajfa-11810	638	15	improve	improve	VERB
ajfa-11810	638	16	their	their	PRON
ajfa-11810	638	17	abilities	ability	NOUN
ajfa-11810	638	18	to	to	PART
ajfa-11810	638	19	motivate	motivate	VERB
ajfa-11810	638	20	capital	capital	NOUN
ajfa-11810	638	21	investment	investment	NOUN
ajfa-11810	638	22	.	.	PUNCT
ajfa-11810	639	1	empirical	empirical	ADJ
ajfa-11810	639	2	analysis	analysis	NOUN
ajfa-11810	639	3	results	result	NOUN
ajfa-11810	639	4	show	show	VERB
ajfa-11810	639	5	a	a	DET
ajfa-11810	639	6	positive	positive	ADJ
ajfa-11810	639	7	association	association	NOUN
ajfa-11810	639	8	between	between	ADP
ajfa-11810	639	9	the	the	DET
ajfa-11810	639	10	audit	audit	NOUN
ajfa-11810	639	11	process	process	NOUN
ajfa-11810	639	12	and	and	CCONJ
ajfa-11810	639	13	increased	increase	VERB
ajfa-11810	639	14	capital	capital	NOUN
ajfa-11810	639	15	investment	investment	NOUN
ajfa-11810	639	16	before	before	ADP
ajfa-11810	639	17	the	the	DET
ajfa-11810	639	18	crisis	crisis	NOUN
ajfa-11810	639	19	.	.	PUNCT
ajfa-11810	640	1	moreover	moreover	ADV
ajfa-11810	640	2	,	,	PUNCT
ajfa-11810	640	3	notwithstanding	notwithstanding	ADP
ajfa-11810	640	4	declined	decline	VERB
ajfa-11810	640	5	use	use	NOUN
ajfa-11810	640	6	of	of	ADP
ajfa-11810	640	7	equity	equity	NOUN
ajfa-11810	640	8	and	and	CCONJ
ajfa-11810	640	9	debt	debt	NOUN
ajfa-11810	640	10	by	by	ADP
ajfa-11810	640	11	all	all	DET
ajfa-11810	640	12	reits	reit	NOUN
ajfa-11810	640	13	after	after	ADP
ajfa-11810	640	14	the	the	DET
ajfa-11810	640	15	crisis	crisis	NOUN
ajfa-11810	640	16	,	,	PUNCT
ajfa-11810	640	17	the	the	DET
ajfa-11810	640	18	results	result	NOUN
ajfa-11810	640	19	indicate	indicate	VERB
ajfa-11810	640	20	the	the	DET
ajfa-11810	640	21	existence	existence	NOUN
ajfa-11810	640	22	of	of	ADP
ajfa-11810	640	23	a	a	DET
ajfa-11810	640	24	positive	positive	ADJ
ajfa-11810	640	25	association	association	NOUN
ajfa-11810	640	26	between	between	ADP
ajfa-11810	640	27	the	the	DET
ajfa-11810	640	28	audit	audit	NOUN
ajfa-11810	640	29	process	process	NOUN
ajfa-11810	640	30	and	and	CCONJ
ajfa-11810	640	31	increased	increase	VERB
ajfa-11810	640	32	capital	capital	NOUN
ajfa-11810	640	33	investment	investment	NOUN
ajfa-11810	640	34	after	after	ADP
ajfa-11810	640	35	the	the	DET
ajfa-11810	640	36	crisis	crisis	NOUN
ajfa-11810	640	37	.	.	PUNCT
ajfa-11810	641	1	this	this	PRON
ajfa-11810	641	2	means	mean	VERB
ajfa-11810	641	3	that	that	SCONJ
ajfa-11810	641	4	regardless	regardless	ADV
ajfa-11810	641	5	of	of	ADP
ajfa-11810	641	6	whether	whether	SCONJ
ajfa-11810	641	7	the	the	DET
ajfa-11810	641	8	economy	economy	NOUN
ajfa-11810	641	9	is	be	AUX
ajfa-11810	641	10	growing	grow	VERB
ajfa-11810	641	11	or	or	CCONJ
ajfa-11810	641	12	contracting	contracting	NOUN
ajfa-11810	641	13	,	,	PUNCT
ajfa-11810	641	14	using	use	VERB
ajfa-11810	641	15	the	the	DET
ajfa-11810	641	16	audit	audit	NOUN
ajfa-11810	641	17	process	process	NOUN
ajfa-11810	641	18	to	to	PART
ajfa-11810	641	19	satisfy	satisfy	VERB
ajfa-11810	641	20	reit	reit	PROPN
ajfa-11810	641	21	investors	investor	NOUN
ajfa-11810	641	22	’	'	PUNCT
ajfa-11810	641	23	concerns	concern	NOUN
ajfa-11810	641	24	about	about	ADP
ajfa-11810	641	25	financial	financial	ADJ
ajfa-11810	641	26	transparency	transparency	NOUN
ajfa-11810	641	27	is	be	AUX
ajfa-11810	641	28	a	a	DET
ajfa-11810	641	29	wise	wise	ADJ
ajfa-11810	641	30	strategy	strategy	NOUN
ajfa-11810	641	31	.	.	PUNCT
ajfa-11810	642	1	asian	asian	ADJ
ajfa-11810	642	2	journal	journal	PROPN
ajfa-11810	642	3	of	of	ADP
ajfa-11810	642	4	finance	finance	PROPN
ajfa-11810	642	5	&	&	CCONJ
ajfa-11810	642	6	accounting	accounting	PROPN
ajfa-11810	642	7	issn	issn	PROPN
ajfa-11810	642	8	1946	1946	NUM
ajfa-11810	642	9	-	-	PUNCT
ajfa-11810	642	10	052x	052x	NOUN
ajfa-11810	642	11	2018	2018	NUM
ajfa-11810	642	12	,	,	PUNCT
ajfa-11810	642	13	vol	vol	NOUN
ajfa-11810	642	14	.	.	PROPN
ajfa-11810	643	1	10	10	NUM
ajfa-11810	643	2	,	,	PUNCT
ajfa-11810	643	3	no	no	INTJ
ajfa-11810	643	4	.	.	NOUN
ajfa-11810	643	5	1	1	NUM
ajfa-11810	643	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	643	7	110	110	NUM
ajfa-11810	643	8	references	reference	NOUN
ajfa-11810	643	9	american	american	PROPN
ajfa-11810	643	10	institute	institute	PROPN
ajfa-11810	643	11	of	of	ADP
ajfa-11810	643	12	certified	certify	VERB
ajfa-11810	643	13	public	public	ADJ
ajfa-11810	643	14	accountants	accountant	NOUN
ajfa-11810	643	15	(	(	PUNCT
ajfa-11810	643	16	aicpa	aicpa	PROPN
ajfa-11810	643	17	)	)	PUNCT
ajfa-11810	643	18	.	.	PUNCT
ajfa-11810	644	1	(	(	PUNCT
ajfa-11810	644	2	1978	1978	NUM
ajfa-11810	644	3	)	)	PUNCT
ajfa-11810	644	4	.	.	PUNCT
ajfa-11810	645	1	the	the	DET
ajfa-11810	645	2	commission	commission	NOUN
ajfa-11810	645	3	on	on	ADP
ajfa-11810	645	4	auditors	auditor	NOUN
ajfa-11810	645	5	’	’	PART
ajfa-11810	645	6	responsibilities	responsibility	NOUN
ajfa-11810	645	7	:	:	PUNCT
ajfa-11810	645	8	report	report	NOUN
ajfa-11810	645	9	,	,	PUNCT
ajfa-11810	645	10	conclusions	conclusion	NOUN
ajfa-11810	645	11	and	and	CCONJ
ajfa-11810	645	12	recommendations	recommendation	NOUN
ajfa-11810	645	13	.	.	PUNCT
ajfa-11810	646	1	the	the	DET
ajfa-11810	646	2	cohen	cohen	PROPN
ajfa-11810	646	3	commission.new	commission.new	PROPN
ajfa-11810	646	4	york	york	PROPN
ajfa-11810	646	5	:	:	PUNCT
ajfa-11810	646	6	aicpa	aicpa	PROPN
ajfa-11810	646	7	.	.	PUNCT
ajfa-11810	647	1	abdolmohammadi	abdolmohammadi	NOUN
ajfa-11810	647	2	,	,	PUNCT
ajfa-11810	647	3	m.	m.	NOUN
ajfa-11810	647	4	j.	j.	PROPN
ajfa-11810	647	5	,	,	PUNCT
ajfa-11810	647	6	d.	d.	PROPN
ajfa-11810	647	7	g.	g.	PROPN
ajfa-11810	647	8	searfoss	searfoss	PROPN
ajfa-11810	647	9	,	,	PUNCT
ajfa-11810	647	10	&	&	CCONJ
ajfa-11810	647	11	j.	j.	PROPN
ajfa-11810	647	12	shanteau	shanteau	PROPN
ajfa-11810	647	13	.	.	PUNCT
ajfa-11810	648	1	(	(	PUNCT
ajfa-11810	648	2	2004	2004	NUM
ajfa-11810	648	3	)	)	PUNCT
ajfa-11810	648	4	.	.	PUNCT
ajfa-11810	649	1	an	an	DET
ajfa-11810	649	2	investigation	investigation	NOUN
ajfa-11810	649	3	of	of	ADP
ajfa-11810	649	4	the	the	DET
ajfa-11810	649	5	attributes	attribute	NOUN
ajfa-11810	649	6	of	of	ADP
ajfa-11810	649	7	top	top	ADJ
ajfa-11810	649	8	industry	industry	NOUN
ajfa-11810	649	9	audit	audit	NOUN
ajfa-11810	649	10	specialists	specialist	NOUN
ajfa-11810	649	11	.	.	PUNCT
ajfa-11810	650	1	behavioral	behavioral	ADJ
ajfa-11810	650	2	research	research	NOUN
ajfa-11810	650	3	in	in	ADP
ajfa-11810	650	4	accounting	accounting	NOUN
ajfa-11810	650	5	,	,	PUNCT
ajfa-11810	650	6	16(1	16(1	NUM
ajfa-11810	650	7	)	)	PUNCT
ajfa-11810	650	8	,	,	PUNCT
ajfa-11810	650	9	1	1	NUM
ajfa-11810	650	10	-	-	SYM
ajfa-11810	650	11	17	17	NUM
ajfa-11810	650	12	.	.	PUNCT
ajfa-11810	651	1	https://doi.org/10.2308/bria.2004.16.1.1	https://doi.org/10.2308/bria.2004.16.1.1	X
ajfa-11810	651	2	antle	antle	PROPN
ajfa-11810	651	3	,	,	PUNCT
ajfa-11810	651	4	r.	r.	PROPN
ajfa-11810	651	5	,	,	PUNCT
ajfa-11810	651	6	e.	e.	PROPN
ajfa-11810	651	7	gordon	gordon	PROPN
ajfa-11810	651	8	,	,	PUNCT
ajfa-11810	651	9	g.	g.	PROPN
ajfa-11810	651	10	narayanamoorthy	narayanamoorthy	PROPN
ajfa-11810	651	11	,	,	PUNCT
ajfa-11810	651	12	&	&	CCONJ
ajfa-11810	651	13	l.	l.	PROPN
ajfa-11810	651	14	zhou	zhou	PROPN
ajfa-11810	651	15	.	.	PUNCT
ajfa-11810	652	1	(	(	PUNCT
ajfa-11810	652	2	2006	2006	NUM
ajfa-11810	652	3	)	)	PUNCT
ajfa-11810	652	4	.	.	PUNCT
ajfa-11810	653	1	the	the	DET
ajfa-11810	653	2	joint	joint	ADJ
ajfa-11810	653	3	determination	determination	NOUN
ajfa-11810	653	4	of	of	ADP
ajfa-11810	653	5	audit	audit	NOUN
ajfa-11810	653	6	fees	fee	NOUN
ajfa-11810	653	7	,	,	PUNCT
ajfa-11810	653	8	non	non	ADJ
ajfa-11810	653	9	-	-	ADJ
ajfa-11810	653	10	audit	audit	ADJ
ajfa-11810	653	11	fees	fee	NOUN
ajfa-11810	653	12	,	,	PUNCT
ajfa-11810	653	13	and	and	CCONJ
ajfa-11810	653	14	abnormal	abnormal	ADJ
ajfa-11810	653	15	accruals	accrual	NOUN
ajfa-11810	653	16	.	.	PUNCT
ajfa-11810	654	1	review	review	NOUN
ajfa-11810	654	2	of	of	ADP
ajfa-11810	654	3	quantitative	quantitative	ADJ
ajfa-11810	654	4	finance	finance	NOUN
ajfa-11810	654	5	and	and	CCONJ
ajfa-11810	654	6	accounting	accounting	NOUN
ajfa-11810	654	7	,	,	PUNCT
ajfa-11810	654	8	27(3	27(3	NUM
ajfa-11810	654	9	)	)	PUNCT
ajfa-11810	654	10	,	,	PUNCT
ajfa-11810	654	11	235	235	NUM
ajfa-11810	654	12	-	-	SYM
ajfa-11810	654	13	266	266	NUM
ajfa-11810	654	14	.	.	PUNCT
ajfa-11810	655	1	https://doi.org/10.1007/s11156-006-9430-y	https://doi.org/10.1007/s11156-006-9430-y	PROPN
ajfa-11810	655	2	bagehot	bagehot	NOUN
ajfa-11810	655	3	,	,	PUNCT
ajfa-11810	655	4	w.	w.	PROPN
ajfa-11810	655	5	(	(	PUNCT
ajfa-11810	655	6	1971	1971	NUM
ajfa-11810	655	7	)	)	PUNCT
ajfa-11810	655	8	.	.	PUNCT
ajfa-11810	656	1	the	the	DET
ajfa-11810	656	2	only	only	ADJ
ajfa-11810	656	3	game	game	NOUN
ajfa-11810	656	4	in	in	ADP
ajfa-11810	656	5	town.financial	town.financial	ADJ
ajfa-11810	656	6	analysts	analyst	NOUN
ajfa-11810	656	7	journal	journal	NOUN
ajfa-11810	656	8	,	,	PUNCT
ajfa-11810	656	9	51(1	51(1	NUM
ajfa-11810	656	10	)	)	PUNCT
ajfa-11810	656	11	,	,	PUNCT
ajfa-11810	656	12	12	12	NUM
ajfa-11810	656	13	-	-	SYM
ajfa-11810	656	14	14	14	NUM
ajfa-11810	656	15	.	.	PUNCT
ajfa-11810	657	1	https://doi.org/10.2469/faj.v27.n2.12	https://doi.org/10.2469/faj.v27.n2.12	PROPN
ajfa-11810	657	2	balvers	balvers	PROPN
ajfa-11810	657	3	,	,	PUNCT
ajfa-11810	657	4	r.	r.	PROPN
ajfa-11810	657	5	j.	j.	PROPN
ajfa-11810	657	6	,	,	PUNCT
ajfa-11810	657	7	b.	b.	PROPN
ajfa-11810	657	8	mcdonald	mcdonald	PROPN
ajfa-11810	657	9	,	,	PUNCT
ajfa-11810	657	10	&	&	CCONJ
ajfa-11810	657	11	r.	r.	PROPN
ajfa-11810	657	12	e.	e.	PROPN
ajfa-11810	657	13	miller	miller	PROPN
ajfa-11810	657	14	.	.	PUNCT
ajfa-11810	658	1	(	(	PUNCT
ajfa-11810	658	2	1988	1988	NUM
ajfa-11810	658	3	)	)	PUNCT
ajfa-11810	658	4	.	.	PUNCT
ajfa-11810	659	1	underpricing	underprice	VERB
ajfa-11810	659	2	of	of	ADP
ajfa-11810	659	3	new	new	ADJ
ajfa-11810	659	4	issues	issue	NOUN
ajfa-11810	659	5	and	and	CCONJ
ajfa-11810	659	6	the	the	DET
ajfa-11810	659	7	choice	choice	NOUN
ajfa-11810	659	8	of	of	ADP
ajfa-11810	659	9	auditor	auditor	NOUN
ajfa-11810	659	10	as	as	ADP
ajfa-11810	659	11	a	a	DET
ajfa-11810	659	12	signal	signal	NOUN
ajfa-11810	659	13	of	of	ADP
ajfa-11810	659	14	investment	investment	NOUN
ajfa-11810	659	15	banker	banker	NOUN
ajfa-11810	659	16	reputation	reputation	NOUN
ajfa-11810	659	17	.	.	PUNCT
ajfa-11810	660	1	the	the	DET
ajfa-11810	660	2	accounting	accounting	NOUN
ajfa-11810	660	3	review	review	NOUN
ajfa-11810	660	4	,	,	PUNCT
ajfa-11810	660	5	63(4	63(4	NOUN
ajfa-11810	660	6	)	)	PUNCT
ajfa-11810	660	7	,	,	PUNCT
ajfa-11810	660	8	605	605	NUM
ajfa-11810	660	9	-	-	SYM
ajfa-11810	660	10	622	622	NUM
ajfa-11810	660	11	.	.	PUNCT
ajfa-11810	661	1	basse	basse	PROPN
ajfa-11810	661	2	,	,	PUNCT
ajfa-11810	661	3	t.	t.	PROPN
ajfa-11810	661	4	,	,	PUNCT
ajfa-11810	661	5	m.	m.	NOUN
ajfa-11810	661	6	friedrich	friedrich	PROPN
ajfa-11810	661	7	,	,	PUNCT
ajfa-11810	661	8	&	&	CCONJ
ajfa-11810	661	9	e.	e.	PROPN
ajfa-11810	661	10	v.	v.	PROPN
ajfa-11810	661	11	bea	bea	PROPN
ajfa-11810	661	12	.	.	PUNCT
ajfa-11810	662	1	(	(	PUNCT
ajfa-11810	662	2	2009	2009	NUM
ajfa-11810	662	3	)	)	PUNCT
ajfa-11810	662	4	.	.	PUNCT
ajfa-11810	663	1	reits	reit	NOUN
ajfa-11810	663	2	and	and	CCONJ
ajfa-11810	663	3	the	the	DET
ajfa-11810	663	4	financial	financial	ADJ
ajfa-11810	663	5	crisis	crisis	NOUN
ajfa-11810	663	6	:	:	PUNCT
ajfa-11810	663	7	empirical	empirical	ADJ
ajfa-11810	663	8	evidence	evidence	NOUN
ajfa-11810	663	9	from	from	ADP
ajfa-11810	663	10	the	the	DET
ajfa-11810	663	11	u.s	u.s	PROPN
ajfa-11810	663	12	.	.	PROPN
ajfa-11810	663	13	international	international	PROPN
ajfa-11810	663	14	journal	journal	PROPN
ajfa-11810	663	15	of	of	ADP
ajfa-11810	663	16	business	business	NOUN
ajfa-11810	663	17	and	and	CCONJ
ajfa-11810	663	18	management	management	NOUN
ajfa-11810	663	19	,	,	PUNCT
ajfa-11810	663	20	4(11	4(11	NUM
ajfa-11810	663	21	)	)	PUNCT
ajfa-11810	663	22	,	,	PUNCT
ajfa-11810	663	23	1	1	NUM
ajfa-11810	663	24	-	-	SYM
ajfa-11810	663	25	10	10	NUM
ajfa-11810	663	26	.	.	PUNCT
ajfa-11810	664	1	https://doi.org/10.5539/ijbm.v4n11p3	https://doi.org/10.5539/ijbm.v4n11p3	PROPN
ajfa-11810	664	2	beatty	beatty	PROPN
ajfa-11810	664	3	,	,	PUNCT
ajfa-11810	664	4	r.	r.	PROPN
ajfa-11810	664	5	p.	p.	PROPN
ajfa-11810	664	6	(	(	PUNCT
ajfa-11810	664	7	1989).auditor	1989).auditor	NUM
ajfa-11810	664	8	reputation	reputation	NOUN
ajfa-11810	664	9	and	and	CCONJ
ajfa-11810	664	10	the	the	DET
ajfa-11810	664	11	pricing	pricing	NOUN
ajfa-11810	664	12	of	of	ADP
ajfa-11810	664	13	initial	initial	ADJ
ajfa-11810	664	14	public	public	ADJ
ajfa-11810	664	15	offerings.the	offerings.the	DET
ajfa-11810	664	16	accounting	accounting	NOUN
ajfa-11810	664	17	review	review	NOUN
ajfa-11810	664	18	,	,	PUNCT
ajfa-11810	664	19	64(4	64(4	NUM
ajfa-11810	664	20	)	)	PUNCT
ajfa-11810	664	21	,	,	PUNCT
ajfa-11810	664	22	693–709	693–709	NUM
ajfa-11810	664	23	.	.	PUNCT
ajfa-11810	665	1	bell	bell	PROPN
ajfa-11810	665	2	,	,	PUNCT
ajfa-11810	665	3	t.	t.	PROPN
ajfa-11810	665	4	,	,	PUNCT
ajfa-11810	665	5	f.	f.	PROPN
ajfa-11810	665	6	marrs	marrs	PROPN
ajfa-11810	665	7	,	,	PUNCT
ajfa-11810	665	8	i.	i.	PROPN
ajfa-11810	665	9	solomon	solomon	PROPN
ajfa-11810	665	10	,	,	PUNCT
ajfa-11810	665	11	and	and	CCONJ
ajfa-11810	665	12	h.	h.	PROPN
ajfa-11810	665	13	thomas	thomas	PROPN
ajfa-11810	665	14	.	.	PUNCT
ajfa-11810	666	1	(	(	PUNCT
ajfa-11810	666	2	1997	1997	NUM
ajfa-11810	666	3	)	)	PUNCT
ajfa-11810	666	4	.	.	PUNCT
ajfa-11810	667	1	auditing	auditing	NOUN
ajfa-11810	667	2	organizations	organization	NOUN
ajfa-11810	667	3	through	through	ADP
ajfa-11810	667	4	a	a	DET
ajfa-11810	667	5	strategic	strategic	ADJ
ajfa-11810	667	6	lens	len	NOUN
ajfa-11810	667	7	,	,	PUNCT
ajfa-11810	667	8	the	the	DET
ajfa-11810	667	9	kpmg	kpmg	PROPN
ajfa-11810	667	10	business	business	PROPN
ajfa-11810	667	11	measurement	measurement	NOUN
ajfa-11810	667	12	process	process	NOUN
ajfa-11810	667	13	.	.	PUNCT
ajfa-11810	668	1	montvale	montvale	PROPN
ajfa-11810	668	2	,	,	PUNCT
ajfa-11810	668	3	nj	nj	PROPN
ajfa-11810	668	4	:	:	PUNCT
ajfa-11810	668	5	peat	peat	NOUN
ajfa-11810	668	6	marwick	marwick	PROPN
ajfa-11810	668	7	llp	llp	PROPN
ajfa-11810	668	8	.	.	PROPN
ajfa-11810	668	9	boo	boo	PROPN
ajfa-11810	668	10	,	,	PUNCT
ajfa-11810	668	11	e.	e.	PROPN
ajfa-11810	668	12	,	,	PUNCT
ajfa-11810	668	13	&	&	CCONJ
ajfa-11810	668	14	d.	d.	PROPN
ajfa-11810	668	15	sharma	sharma	PROPN
ajfa-11810	668	16	.	.	PUNCT
ajfa-11810	669	1	(	(	PUNCT
ajfa-11810	669	2	2008	2008	NUM
ajfa-11810	669	3	)	)	PUNCT
ajfa-11810	669	4	.	.	PUNCT
ajfa-11810	670	1	effect	effect	NOUN
ajfa-11810	670	2	of	of	ADP
ajfa-11810	670	3	regulatory	regulatory	ADJ
ajfa-11810	670	4	oversight	oversight	NOUN
ajfa-11810	670	5	on	on	ADP
ajfa-11810	670	6	the	the	DET
ajfa-11810	670	7	association	association	NOUN
ajfa-11810	670	8	between	between	ADP
ajfa-11810	670	9	internal	internal	ADJ
ajfa-11810	670	10	governance	governance	NOUN
ajfa-11810	670	11	characteristics	characteristic	NOUN
ajfa-11810	670	12	and	and	CCONJ
ajfa-11810	670	13	audit	audit	NOUN
ajfa-11810	670	14	fees.accounting	fees.accounting	NOUN
ajfa-11810	670	15	and	and	CCONJ
ajfa-11810	670	16	finance	finance	NOUN
ajfa-11810	670	17	,	,	PUNCT
ajfa-11810	670	18	48(1	48(1	NOUN
ajfa-11810	670	19	)	)	PUNCT
ajfa-11810	670	20	,	,	PUNCT
ajfa-11810	670	21	51	51	NUM
ajfa-11810	670	22	-	-	SYM
ajfa-11810	670	23	71	71	NUM
ajfa-11810	670	24	.	.	PUNCT
ajfa-11810	671	1	https://doi.org/10.1111/j.1467-629x.2007.00229.x	https://doi.org/10.1111/j.1467-629x.2007.00229.x	PROPN
ajfa-11810	671	2	bushman	bushman	PROPN
ajfa-11810	671	3	,	,	PUNCT
ajfa-11810	671	4	r.	r.	PROPN
ajfa-11810	671	5	m.	m.	PROPN
ajfa-11810	671	6	,	,	PUNCT
ajfa-11810	671	7	&	&	CCONJ
ajfa-11810	671	8	a.	a.	PROPN
ajfa-11810	671	9	j.	j.	PROPN
ajfa-11810	671	10	smith.(2001	smith.(2001	PROPN
ajfa-11810	671	11	)	)	PUNCT
ajfa-11810	671	12	.	.	PUNCT
ajfa-11810	672	1	financial	financial	ADJ
ajfa-11810	672	2	accounting	accounting	NOUN
ajfa-11810	672	3	information	information	NOUN
ajfa-11810	672	4	and	and	CCONJ
ajfa-11810	672	5	corporate	corporate	ADJ
ajfa-11810	672	6	governance.journal	governance.journal	PROPN
ajfa-11810	672	7	of	of	ADP
ajfa-11810	672	8	accounting	accounting	NOUN
ajfa-11810	672	9	and	and	CCONJ
ajfa-11810	672	10	economics	economic	NOUN
ajfa-11810	672	11	,	,	PUNCT
ajfa-11810	672	12	32(1	32(1	NUM
ajfa-11810	672	13	-	-	SYM
ajfa-11810	672	14	3	3	NUM
ajfa-11810	672	15	)	)	PUNCT
ajfa-11810	672	16	,	,	PUNCT
ajfa-11810	672	17	237	237	NUM
ajfa-11810	672	18	-	-	SYM
ajfa-11810	672	19	333	333	NUM
ajfa-11810	672	20	.	.	PUNCT
ajfa-11810	673	1	bushman	bushman	PROPN
ajfa-11810	673	2	r.	r.	PROPN
ajfa-11810	673	3	m.	m.	PROPN
ajfa-11810	673	4	,	,	PUNCT
ajfa-11810	673	5	&	&	CCONJ
ajfa-11810	673	6	a.	a.	PROPN
ajfa-11810	673	7	j.	j.	PROPN
ajfa-11810	673	8	smith	smith	PROPN
ajfa-11810	673	9	.	.	PUNCT
ajfa-11810	674	1	(	(	PUNCT
ajfa-11810	674	2	2003	2003	NUM
ajfa-11810	674	3	)	)	PUNCT
ajfa-11810	674	4	.	.	PUNCT
ajfa-11810	675	1	transparency	transparency	NOUN
ajfa-11810	675	2	,	,	PUNCT
ajfa-11810	675	3	financial	financial	ADJ
ajfa-11810	675	4	accounting	accounting	NOUN
ajfa-11810	675	5	information	information	NOUN
ajfa-11810	675	6	and	and	CCONJ
ajfa-11810	675	7	corporate	corporate	ADJ
ajfa-11810	675	8	governance.federal	governance.federal	PROPN
ajfa-11810	675	9	reserve	reserve	PROPN
ajfa-11810	675	10	bank	bank	PROPN
ajfa-11810	675	11	of	of	ADP
ajfa-11810	675	12	new	new	PROPN
ajfa-11810	675	13	york	york	PROPN
ajfa-11810	675	14	’s	’s	PART
ajfa-11810	675	15	economic	economic	ADJ
ajfa-11810	675	16	policy	policy	NOUN
ajfa-11810	675	17	review	review	NOUN
ajfa-11810	675	18	,	,	PUNCT
ajfa-11810	675	19	9(1	9(1	NUM
ajfa-11810	675	20	)	)	PUNCT
ajfa-11810	675	21	,	,	PUNCT
ajfa-11810	675	22	65	65	NUM
ajfa-11810	675	23	-	-	SYM
ajfa-11810	675	24	87	87	NUM
ajfa-11810	675	25	.	.	PUNCT
ajfa-11810	676	1	https://doi.org/10.1016/s0165-4101(01)00027-1	https://doi.org/10.1016/s0165-4101(01)00027-1	PROPN
ajfa-11810	676	2	campbell	campbell	PROPN
ajfa-11810	676	3	,	,	PUNCT
ajfa-11810	676	4	j.	j.	PROPN
ajfa-11810	676	5	y.	y.	PROPN
ajfa-11810	676	6	,	,	PUNCT
ajfa-11810	676	7	&	&	CCONJ
ajfa-11810	676	8	r.	r.	PROPN
ajfa-11810	676	9	j.	j.	PROPN
ajfa-11810	676	10	shiller	shiller	PROPN
ajfa-11810	676	11	.	.	PUNCT
ajfa-11810	677	1	(	(	PUNCT
ajfa-11810	677	2	1988	1988	NUM
ajfa-11810	677	3	)	)	PUNCT
ajfa-11810	677	4	.	.	PUNCT
ajfa-11810	678	1	the	the	DET
ajfa-11810	678	2	dividend	dividend	NOUN
ajfa-11810	678	3	-	-	PUNCT
ajfa-11810	678	4	price	price	NOUN
ajfa-11810	678	5	ratio	ratio	NOUN
ajfa-11810	678	6	and	and	CCONJ
ajfa-11810	678	7	expectations	expectation	NOUN
ajfa-11810	678	8	of	of	ADP
ajfa-11810	678	9	future	future	ADJ
ajfa-11810	678	10	dividends	dividend	NOUN
ajfa-11810	678	11	and	and	CCONJ
ajfa-11810	678	12	discount	discount	NOUN
ajfa-11810	678	13	factors	factor	NOUN
ajfa-11810	678	14	.	.	PUNCT
ajfa-11810	679	1	review	review	NOUN
ajfa-11810	679	2	of	of	ADP
ajfa-11810	679	3	financial	financial	ADJ
ajfa-11810	679	4	studies	study	NOUN
ajfa-11810	679	5	,	,	PUNCT
ajfa-11810	679	6	1(3	1(3	NUM
ajfa-11810	679	7	)	)	PUNCT
ajfa-11810	679	8	,	,	PUNCT
ajfa-11810	679	9	195	195	NUM
ajfa-11810	679	10	-	-	SYM
ajfa-11810	679	11	228	228	NUM
ajfa-11810	679	12	.	.	PUNCT
ajfa-11810	679	13	https://doi.org/10.1093/rfs/1.3.195	https://doi.org/10.1093/rfs/1.3.195	PROPN
ajfa-11810	679	14	carter	carter	PROPN
ajfa-11810	679	15	,	,	PUNCT
ajfa-11810	679	16	r.	r.	PROPN
ajfa-11810	679	17	b.	b.	PROPN
ajfa-11810	679	18	,	,	PUNCT
ajfa-11810	679	19	&	&	CCONJ
ajfa-11810	679	20	s.	s.	PROPN
ajfa-11810	679	21	manaster.(1990	manaster.(1990	PROPN
ajfa-11810	679	22	)	)	PUNCT
ajfa-11810	679	23	.	.	PUNCT
ajfa-11810	680	1	initial	initial	ADJ
ajfa-11810	680	2	public	public	ADJ
ajfa-11810	680	3	offerings	offering	NOUN
ajfa-11810	680	4	and	and	CCONJ
ajfa-11810	680	5	underwriter	underwriter	NOUN
ajfa-11810	680	6	reputation.the	reputation.the	DET
ajfa-11810	680	7	journal	journal	PROPN
ajfa-11810	680	8	of	of	ADP
ajfa-11810	680	9	finance	finance	NOUN
ajfa-11810	680	10	,	,	PUNCT
ajfa-11810	680	11	45(4	45(4	NUM
ajfa-11810	680	12	)	)	PUNCT
ajfa-11810	680	13	,	,	PUNCT
ajfa-11810	680	14	1045–1067	1045–1067	NUM
ajfa-11810	680	15	.	.	PUNCT
ajfa-11810	681	1	https://doi.org/10.1111/j.1540-6261.1990.tb02426.x	https://doi.org/10.1111/j.1540-6261.1990.tb02426.x	PROPN
ajfa-11810	681	2	chan	chan	PROPN
ajfa-11810	681	3	,	,	PUNCT
ajfa-11810	681	4	p.	p.	PROPN
ajfa-11810	681	5	,	,	PUNCT
ajfa-11810	681	6	m.	m.	NOUN
ajfa-11810	681	7	ezzamel	ezzamel	PROPN
ajfa-11810	681	8	,	,	PUNCT
ajfa-11810	681	9	&	&	CCONJ
ajfa-11810	681	10	d.	d.	PROPN
ajfa-11810	681	11	gwilliam	gwilliam	PROPN
ajfa-11810	681	12	.	.	PUNCT
ajfa-11810	682	1	(	(	PUNCT
ajfa-11810	682	2	1993	1993	NUM
ajfa-11810	682	3	)	)	PUNCT
ajfa-11810	682	4	.	.	PUNCT
ajfa-11810	683	1	determinants	determinant	NOUN
ajfa-11810	683	2	of	of	ADP
ajfa-11810	683	3	audit	audit	NOUN
ajfa-11810	683	4	fees	fee	NOUN
ajfa-11810	683	5	for	for	ADP
ajfa-11810	683	6	quoted	quote	VERB
ajfa-11810	683	7	u.k	u.k	PROPN
ajfa-11810	683	8	.	.	PROPN
ajfa-11810	683	9	asian	asian	PROPN
ajfa-11810	683	10	journal	journal	PROPN
ajfa-11810	683	11	of	of	ADP
ajfa-11810	683	12	finance	finance	PROPN
ajfa-11810	683	13	&	&	CCONJ
ajfa-11810	683	14	accounting	accounting	PROPN
ajfa-11810	683	15	issn	issn	PROPN
ajfa-11810	683	16	1946	1946	NUM
ajfa-11810	683	17	-	-	PUNCT
ajfa-11810	683	18	052x	052x	NOUN
ajfa-11810	683	19	2018	2018	NUM
ajfa-11810	683	20	,	,	PUNCT
ajfa-11810	683	21	vol	vol	NOUN
ajfa-11810	683	22	.	.	PROPN
ajfa-11810	683	23	10	10	NUM
ajfa-11810	683	24	,	,	PUNCT
ajfa-11810	683	25	no	no	INTJ
ajfa-11810	683	26	.	.	NOUN
ajfa-11810	683	27	1	1	NUM
ajfa-11810	683	28	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	683	29	111	111	NUM
ajfa-11810	683	30	companies	company	NOUN
ajfa-11810	683	31	.	.	PUNCT
ajfa-11810	684	1	journal	journal	NOUN
ajfa-11810	684	2	of	of	ADP
ajfa-11810	684	3	business	business	NOUN
ajfa-11810	684	4	.	.	PUNCT
ajfa-11810	685	1	finance	finance	NOUN
ajfa-11810	685	2	and	and	CCONJ
ajfa-11810	685	3	accounting	accounting	NOUN
ajfa-11810	685	4	,	,	PUNCT
ajfa-11810	685	5	20(6	20(6	NOUN
ajfa-11810	685	6	)	)	PUNCT
ajfa-11810	685	7	,	,	PUNCT
ajfa-11810	685	8	765	765	PROPN
ajfa-11810	685	9	-	-	SYM
ajfa-11810	685	10	786	786	NUM
ajfa-11810	685	11	.	.	PUNCT
ajfa-11810	686	1	chen	chen	PROPN
ajfa-11810	686	2	,	,	PUNCT
ajfa-11810	686	3	c.	c.	PROPN
ajfa-11810	686	4	r.	r.	PROPN
ajfa-11810	686	5	,	,	PUNCT
ajfa-11810	686	6	&	&	CCONJ
ajfa-11810	686	7	t.	t.	PROPN
ajfa-11810	686	8	l.	l.	PROPN
ajfa-11810	686	9	steiner	steiner	PROPN
ajfa-11810	686	10	.	.	PUNCT
ajfa-11810	687	1	(	(	PUNCT
ajfa-11810	687	2	1999	1999	NUM
ajfa-11810	687	3	)	)	PUNCT
ajfa-11810	687	4	.	.	PUNCT
ajfa-11810	688	1	managerial	managerial	ADJ
ajfa-11810	688	2	ownership	ownership	NOUN
ajfa-11810	688	3	and	and	CCONJ
ajfa-11810	688	4	agency	agency	NOUN
ajfa-11810	688	5	conflicts	conflict	NOUN
ajfa-11810	688	6	:	:	PUNCT
ajfa-11810	688	7	a	a	DET
ajfa-11810	688	8	nonlinear	nonlinear	ADJ
ajfa-11810	688	9	simultaneous	simultaneous	ADJ
ajfa-11810	688	10	equation	equation	NOUN
ajfa-11810	688	11	analysis	analysis	NOUN
ajfa-11810	688	12	of	of	ADP
ajfa-11810	688	13	managerial	managerial	ADJ
ajfa-11810	688	14	ownership	ownership	NOUN
ajfa-11810	688	15	,	,	PUNCT
ajfa-11810	688	16	risk	risk	NOUN
ajfa-11810	688	17	taking	taking	NOUN
ajfa-11810	688	18	,	,	PUNCT
ajfa-11810	688	19	debt	debt	NOUN
ajfa-11810	688	20	policy	policy	NOUN
ajfa-11810	688	21	,	,	PUNCT
ajfa-11810	688	22	and	and	CCONJ
ajfa-11810	688	23	dividend	dividend	NOUN
ajfa-11810	688	24	policy	policy	NOUN
ajfa-11810	688	25	.	.	PUNCT
ajfa-11810	689	1	financial	financial	ADJ
ajfa-11810	689	2	review	review	PROPN
ajfa-11810	689	3	,	,	PUNCT
ajfa-11810	689	4	34(1	34(1	NUM
ajfa-11810	689	5	)	)	PUNCT
ajfa-11810	689	6	,	,	PUNCT
ajfa-11810	689	7	119	119	NUM
ajfa-11810	689	8	-	-	SYM
ajfa-11810	689	9	136	136	NUM
ajfa-11810	689	10	.	.	PUNCT
ajfa-11810	690	1	https://doi.org/10.1111/j.1540-6288.1999.tb00448.x	https://doi.org/10.1111/j.1540-6288.1999.tb00448.x	PROPN
ajfa-11810	690	2	cohen	cohen	PROPN
ajfa-11810	690	3	,	,	PUNCT
ajfa-11810	690	4	j.	j.	PROPN
ajfa-11810	690	5	,	,	PUNCT
ajfa-11810	690	6	g.	g.	PROPN
ajfa-11810	690	7	krishnamoorthy	krishnamoorthy	PROPN
ajfa-11810	690	8	,	,	PUNCT
ajfa-11810	690	9	&	&	CCONJ
ajfa-11810	690	10	a.	a.	PROPN
ajfa-11810	690	11	m.	m.	PROPN
ajfa-11810	690	12	wright.(2002	wright.(2002	PROPN
ajfa-11810	690	13	)	)	PUNCT
ajfa-11810	690	14	.	.	PUNCT
ajfa-11810	691	1	corporate	corporate	ADJ
ajfa-11810	691	2	governance	governance	NOUN
ajfa-11810	691	3	and	and	CCONJ
ajfa-11810	691	4	audit	audit	VERB
ajfa-11810	691	5	process.contemporary	process.contemporary	NUM
ajfa-11810	691	6	accounting	accounting	NOUN
ajfa-11810	691	7	research	research	NOUN
ajfa-11810	691	8	,	,	PUNCT
ajfa-11810	691	9	19(4	19(4	PROPN
ajfa-11810	691	10	)	)	PUNCT
ajfa-11810	691	11	,	,	PUNCT
ajfa-11810	691	12	573	573	NUM
ajfa-11810	691	13	-	-	SYM
ajfa-11810	691	14	594	594	NUM
ajfa-11810	691	15	.	.	PUNCT
ajfa-11810	692	1	cornett	cornett	NOUN
ajfa-11810	692	2	,	,	PUNCT
ajfa-11810	692	3	m.	m.	NOUN
ajfa-11810	692	4	m.	m.	NOUN
ajfa-11810	692	5	,	,	PUNCT
ajfa-11810	692	6	a.	a.	PROPN
ajfa-11810	692	7	j.	j.	PROPN
ajfa-11810	692	8	marcus	marcus	PROPN
ajfa-11810	692	9	,	,	PUNCT
ajfa-11810	692	10	&	&	CCONJ
ajfa-11810	692	11	h.	h.	PROPN
ajfa-11810	692	12	tehranian	tehranian	PROPN
ajfa-11810	692	13	.	.	PUNCT
ajfa-11810	693	1	(	(	PUNCT
ajfa-11810	693	2	2008	2008	NUM
ajfa-11810	693	3	)	)	PUNCT
ajfa-11810	693	4	.	.	PUNCT
ajfa-11810	694	1	corporate	corporate	ADJ
ajfa-11810	694	2	governance	governance	NOUN
ajfa-11810	694	3	and	and	CCONJ
ajfa-11810	694	4	pay	pay	NOUN
ajfa-11810	694	5	-	-	PUNCT
ajfa-11810	694	6	for	for	ADP
ajfa-11810	694	7	-	-	PUNCT
ajfa-11810	694	8	performance	performance	NOUN
ajfa-11810	694	9	:	:	PUNCT
ajfa-11810	694	10	the	the	DET
ajfa-11810	694	11	impact	impact	NOUN
ajfa-11810	694	12	of	of	ADP
ajfa-11810	694	13	earnings	earning	NOUN
ajfa-11810	694	14	management	management	NOUN
ajfa-11810	694	15	.	.	PUNCT
ajfa-11810	695	1	journal	journal	NOUN
ajfa-11810	695	2	of	of	ADP
ajfa-11810	695	3	financial	financial	ADJ
ajfa-11810	695	4	economics	economic	NOUN
ajfa-11810	695	5	,	,	PUNCT
ajfa-11810	695	6	87(2	87(2	NUM
ajfa-11810	695	7	)	)	PUNCT
ajfa-11810	695	8	,	,	PUNCT
ajfa-11810	695	9	357	357	NUM
ajfa-11810	695	10	-	-	SYM
ajfa-11810	695	11	373	373	NUM
ajfa-11810	695	12	.	.	PUNCT
ajfa-11810	696	1	danielsen	danielsen	PROPN
ajfa-11810	696	2	,	,	PUNCT
ajfa-11810	696	3	b.	b.	PROPN
ajfa-11810	696	4	r.	r.	PROPN
ajfa-11810	696	5	,	,	PUNCT
ajfa-11810	696	6	d.	d.	PROPN
ajfa-11810	696	7	m.	m.	PROPN
ajfa-11810	696	8	harrison	harrison	PROPN
ajfa-11810	696	9	,	,	PUNCT
ajfa-11810	696	10	r.	r.	PROPN
ajfa-11810	696	11	a.	a.	PROPN
ajfa-11810	696	12	van	van	PROPN
ajfa-11810	696	13	ness	ness	PROPN
ajfa-11810	696	14	,	,	PUNCT
ajfa-11810	696	15	&	&	CCONJ
ajfa-11810	696	16	r.	r.	PROPN
ajfa-11810	696	17	s.	s.	PROPN
ajfa-11810	696	18	warr.(2009	warr.(2009	PROPN
ajfa-11810	696	19	)	)	PUNCT
ajfa-11810	696	20	.	.	PUNCT
ajfa-11810	697	1	reit	reit	PROPN
ajfa-11810	697	2	auditor	auditor	PROPN
ajfa-11810	697	3	fees	fee	NOUN
ajfa-11810	697	4	and	and	CCONJ
ajfa-11810	697	5	financial	financial	ADJ
ajfa-11810	697	6	market	market	NOUN
ajfa-11810	697	7	transparency	transparency	NOUN
ajfa-11810	697	8	.	.	PUNCT
ajfa-11810	698	1	real	real	ADJ
ajfa-11810	698	2	estate	estate	NOUN
ajfa-11810	698	3	economics	economic	NOUN
ajfa-11810	698	4	,	,	PUNCT
ajfa-11810	698	5	37(3	37(3	NUM
ajfa-11810	698	6	)	)	PUNCT
ajfa-11810	698	7	,	,	PUNCT
ajfa-11810	698	8	515	515	NUM
ajfa-11810	698	9	-	-	SYM
ajfa-11810	698	10	557	557	NUM
ajfa-11810	698	11	.	.	PUNCT
ajfa-11810	699	1	danielsen	danielsen	PROPN
ajfa-11810	699	2	,	,	PUNCT
ajfa-11810	699	3	b.	b.	PROPN
ajfa-11810	699	4	r.	r.	PROPN
ajfa-11810	699	5	,	,	PUNCT
ajfa-11810	699	6	d.	d.	PROPN
ajfa-11810	699	7	m.	m.	PROPN
ajfa-11810	699	8	harrison	harrison	PROPN
ajfa-11810	699	9	,	,	PUNCT
ajfa-11810	699	10	r.	r.	PROPN
ajfa-11810	699	11	a.	a.	PROPN
ajfa-11810	699	12	van	van	PROPN
ajfa-11810	699	13	ness	ness	PROPN
ajfa-11810	699	14	,	,	PUNCT
ajfa-11810	699	15	&	&	CCONJ
ajfa-11810	699	16	r.	r.	PROPN
ajfa-11810	699	17	s.	s.	PROPN
ajfa-11810	699	18	warr	warr	PROPN
ajfa-11810	699	19	.	.	PUNCT
ajfa-11810	700	1	(	(	PUNCT
ajfa-11810	700	2	2014	2014	NUM
ajfa-11810	700	3	)	)	PUNCT
ajfa-11810	700	4	.	.	PUNCT
ajfa-11810	701	1	liquidity	liquidity	NOUN
ajfa-11810	701	2	,	,	PUNCT
ajfa-11810	701	3	accounting	accounting	NOUN
ajfa-11810	701	4	transparency	transparency	NOUN
ajfa-11810	701	5	,	,	PUNCT
ajfa-11810	701	6	and	and	CCONJ
ajfa-11810	701	7	the	the	DET
ajfa-11810	701	8	cost	cost	NOUN
ajfa-11810	701	9	of	of	ADP
ajfa-11810	701	10	capital	capital	NOUN
ajfa-11810	701	11	:	:	PUNCT
ajfa-11810	701	12	evidence	evidence	NOUN
ajfa-11810	701	13	from	from	ADP
ajfa-11810	701	14	real	real	ADJ
ajfa-11810	701	15	estate	estate	NOUN
ajfa-11810	701	16	investment	investment	NOUN
ajfa-11810	701	17	trusts	trust	NOUN
ajfa-11810	701	18	.	.	PUNCT
ajfa-11810	702	1	journal	journal	NOUN
ajfa-11810	702	2	of	of	ADP
ajfa-11810	702	3	real	real	ADJ
ajfa-11810	702	4	estate	estate	NOUN
ajfa-11810	702	5	research	research	NOUN
ajfa-11810	702	6	,	,	PUNCT
ajfa-11810	702	7	36(3	36(3	NUM
ajfa-11810	702	8	)	)	PUNCT
ajfa-11810	702	9	,	,	PUNCT
ajfa-11810	702	10	221	221	NUM
ajfa-11810	702	11	-	-	SYM
ajfa-11810	702	12	251	251	NUM
ajfa-11810	702	13	.	.	PUNCT
ajfa-11810	703	1	danielsen	danielsen	PROPN
ajfa-11810	703	2	,	,	PUNCT
ajfa-11810	703	3	b.	b.	PROPN
ajfa-11810	703	4	r.	r.	PROPN
ajfa-11810	703	5	,	,	PUNCT
ajfa-11810	703	6	r.	r.	PROPN
ajfa-11810	703	7	a.	a.	PROPN
ajfa-11810	703	8	van	van	PROPN
ajfa-11810	703	9	ness	ness	PROPN
ajfa-11810	703	10	,	,	PUNCT
ajfa-11810	703	11	and	and	CCONJ
ajfa-11810	703	12	r.	r.	PROPN
ajfa-11810	703	13	s.	s.	PROPN
ajfa-11810	703	14	warr.(2007	warr.(2007	PROPN
ajfa-11810	703	15	)	)	PUNCT
ajfa-11810	703	16	.	.	PUNCT
ajfa-11810	704	1	auditor	auditor	NOUN
ajfa-11810	704	2	fees	fee	NOUN
ajfa-11810	704	3	,	,	PUNCT
ajfa-11810	704	4	market	market	NOUN
ajfa-11810	704	5	microstructure	microstructure	NOUN
ajfa-11810	704	6	,	,	PUNCT
ajfa-11810	704	7	and	and	CCONJ
ajfa-11810	704	8	firm	firm	ADJ
ajfa-11810	704	9	transparency.journal	transparency.journal	PROPN
ajfa-11810	704	10	of	of	ADP
ajfa-11810	704	11	business	business	NOUN
ajfa-11810	704	12	finance	finance	PROPN
ajfa-11810	704	13	&	&	CCONJ
ajfa-11810	704	14	accounting	accounting	PROPN
ajfa-11810	704	15	,	,	PUNCT
ajfa-11810	704	16	34(1	34(1	NOUN
ajfa-11810	704	17	-	-	SYM
ajfa-11810	704	18	2	2	NUM
ajfa-11810	704	19	)	)	PUNCT
ajfa-11810	704	20	,	,	PUNCT
ajfa-11810	704	21	202	202	NUM
ajfa-11810	704	22	-	-	SYM
ajfa-11810	704	23	221	221	NUM
ajfa-11810	704	24	.	.	PUNCT
ajfa-11810	705	1	datar	datar	PROPN
ajfa-11810	705	2	,	,	PUNCT
ajfa-11810	705	3	s.	s.	PROPN
ajfa-11810	705	4	,	,	PUNCT
ajfa-11810	705	5	g.	g.	PROPN
ajfa-11810	705	6	feltham	feltham	PROPN
ajfa-11810	705	7	,	,	PUNCT
ajfa-11810	705	8	&	&	CCONJ
ajfa-11810	705	9	j.	j.	PROPN
ajfa-11810	705	10	hughes	hughes	PROPN
ajfa-11810	705	11	.	.	PUNCT
ajfa-11810	706	1	(	(	PUNCT
ajfa-11810	706	2	1991	1991	NUM
ajfa-11810	706	3	)	)	PUNCT
ajfa-11810	706	4	.	.	PUNCT
ajfa-11810	707	1	the	the	DET
ajfa-11810	707	2	role	role	NOUN
ajfa-11810	707	3	of	of	ADP
ajfa-11810	707	4	audits	audits	NOUN
ajfa-11810	707	5	and	and	CCONJ
ajfa-11810	707	6	audit	audit	NOUN
ajfa-11810	707	7	quality	quality	NOUN
ajfa-11810	707	8	in	in	ADP
ajfa-11810	707	9	valuing	value	VERB
ajfa-11810	707	10	new	new	ADJ
ajfa-11810	707	11	issues	issue	NOUN
ajfa-11810	707	12	.	.	PUNCT
ajfa-11810	708	1	journal	journal	NOUN
ajfa-11810	708	2	of	of	ADP
ajfa-11810	708	3	accounting	accounting	NOUN
ajfa-11810	708	4	and	and	CCONJ
ajfa-11810	708	5	economics	economic	NOUN
ajfa-11810	708	6	,	,	PUNCT
ajfa-11810	708	7	14(1	14(1	NUM
ajfa-11810	708	8	)	)	PUNCT
ajfa-11810	708	9	,	,	PUNCT
ajfa-11810	708	10	3	3	NUM
ajfa-11810	708	11	-	-	SYM
ajfa-11810	708	12	49	49	NUM
ajfa-11810	708	13	.	.	PUNCT
ajfa-11810	709	1	deangelo	deangelo	PROPN
ajfa-11810	709	2	,	,	PUNCT
ajfa-11810	709	3	l.	l.	PROPN
ajfa-11810	709	4	e.	e.	PROPN
ajfa-11810	709	5	(	(	PUNCT
ajfa-11810	709	6	1981	1981	NUM
ajfa-11810	709	7	)	)	PUNCT
ajfa-11810	709	8	.	.	PUNCT
ajfa-11810	710	1	auditor	auditor	NOUN
ajfa-11810	710	2	size	size	NOUN
ajfa-11810	710	3	and	and	CCONJ
ajfa-11810	710	4	quality	quality	NOUN
ajfa-11810	710	5	.	.	PUNCT
ajfa-11810	711	1	journal	journal	PROPN
ajfa-11810	711	2	of	of	ADP
ajfa-11810	711	3	accounting	accounting	NOUN
ajfa-11810	711	4	and	and	CCONJ
ajfa-11810	711	5	economics	economic	NOUN
ajfa-11810	711	6	,	,	PUNCT
ajfa-11810	711	7	3(3	3(3	NUM
ajfa-11810	711	8	)	)	PUNCT
ajfa-11810	711	9	,	,	PUNCT
ajfa-11810	711	10	183	183	NUM
ajfa-11810	711	11	-	-	SYM
ajfa-11810	711	12	199	199	NUM
ajfa-11810	711	13	.	.	PUNCT
ajfa-11810	712	1	deeds	deed	NOUN
ajfa-11810	712	2	,	,	PUNCT
ajfa-11810	712	3	d.	d.	PROPN
ajfa-11810	712	4	l.	l.	PROPN
ajfa-11810	712	5	,	,	PUNCT
ajfa-11810	712	6	d.	d.	PROPN
ajfa-11810	712	7	decarolis	decarolis	PROPN
ajfa-11810	712	8	,	,	PUNCT
ajfa-11810	712	9	&	&	CCONJ
ajfa-11810	712	10	j.	j.	PROPN
ajfa-11810	712	11	e.	e.	PROPN
ajfa-11810	712	12	coombs	coombs	PROPN
ajfa-11810	712	13	.	.	PUNCT
ajfa-11810	713	1	(	(	PUNCT
ajfa-11810	713	2	1997	1997	NUM
ajfa-11810	713	3	)	)	PUNCT
ajfa-11810	713	4	.	.	PUNCT
ajfa-11810	714	1	the	the	DET
ajfa-11810	714	2	impact	impact	NOUN
ajfa-11810	714	3	of	of	ADP
ajfa-11810	714	4	firm	firm	ADJ
ajfa-11810	714	5	-	-	PUNCT
ajfa-11810	714	6	specific	specific	ADJ
ajfa-11810	714	7	capabilities	capability	NOUN
ajfa-11810	714	8	on	on	ADP
ajfa-11810	714	9	the	the	DET
ajfa-11810	714	10	amount	amount	NOUN
ajfa-11810	714	11	of	of	ADP
ajfa-11810	714	12	capital	capital	NOUN
ajfa-11810	714	13	raised	raise	VERB
ajfa-11810	714	14	in	in	ADP
ajfa-11810	714	15	an	an	DET
ajfa-11810	714	16	initial	initial	ADJ
ajfa-11810	714	17	public	public	ADJ
ajfa-11810	714	18	offering	offering	NOUN
ajfa-11810	714	19	:	:	PUNCT
ajfa-11810	714	20	evidence	evidence	NOUN
ajfa-11810	714	21	from	from	ADP
ajfa-11810	714	22	the	the	DET
ajfa-11810	714	23	biotechnology	biotechnology	NOUN
ajfa-11810	714	24	industry	industry	NOUN
ajfa-11810	714	25	.	.	PUNCT
ajfa-11810	715	1	journal	journal	PROPN
ajfa-11810	715	2	of	of	ADP
ajfa-11810	715	3	business	business	NOUN
ajfa-11810	715	4	venturing	venturing	NOUN
ajfa-11810	715	5	,	,	PUNCT
ajfa-11810	715	6	12(1	12(1	NUM
ajfa-11810	715	7	)	)	PUNCT
ajfa-11810	715	8	,	,	PUNCT
ajfa-11810	715	9	31–46	31–46	NUM
ajfa-11810	715	10	.	.	PUNCT
ajfa-11810	715	11	delisle	delisle	PROPN
ajfa-11810	715	12	,	,	PUNCT
ajfa-11810	715	13	j.	j.	PROPN
ajfa-11810	715	14	r.	r.	PROPN
ajfa-11810	715	15	(	(	PUNCT
ajfa-11810	715	16	2007	2007	NUM
ajfa-11810	715	17	)	)	PUNCT
ajfa-11810	715	18	.	.	PUNCT
ajfa-11810	716	1	at	at	ADP
ajfa-11810	716	2	the	the	DET
ajfa-11810	716	3	crossroads	crossroad	NOUN
ajfa-11810	716	4	of	of	ADP
ajfa-11810	716	5	expansion	expansion	NOUN
ajfa-11810	716	6	and	and	CCONJ
ajfa-11810	716	7	recession	recession	NOUN
ajfa-11810	716	8	.	.	PUNCT
ajfa-11810	717	1	the	the	DET
ajfa-11810	717	2	appraisal	appraisal	NOUN
ajfa-11810	717	3	journal	journal	NOUN
ajfa-11810	717	4	,	,	PUNCT
ajfa-11810	717	5	75(4	75(4	NOUN
ajfa-11810	717	6	)	)	PUNCT
ajfa-11810	717	7	,	,	PUNCT
ajfa-11810	717	8	314	314	NUM
ajfa-11810	717	9	-	-	SYM
ajfa-11810	717	10	322	322	NUM
ajfa-11810	717	11	.	.	PUNCT
ajfa-11810	717	12	delisle	delisle	PROPN
ajfa-11810	717	13	,	,	PUNCT
ajfa-11810	717	14	j.	j.	PROPN
ajfa-11810	717	15	r.	r.	PROPN
ajfa-11810	717	16	(	(	PUNCT
ajfa-11810	717	17	2008	2008	NUM
ajfa-11810	717	18	)	)	PUNCT
ajfa-11810	717	19	.	.	PUNCT
ajfa-11810	718	1	the	the	DET
ajfa-11810	718	2	perfect	perfect	ADJ
ajfa-11810	718	3	storm	storm	NOUN
ajfa-11810	718	4	rippling	ripple	VERB
ajfa-11810	718	5	over	over	ADP
ajfa-11810	718	6	to	to	ADP
ajfa-11810	718	7	real	real	ADJ
ajfa-11810	718	8	estate	estate	NOUN
ajfa-11810	718	9	.	.	PUNCT
ajfa-11810	719	1	the	the	DET
ajfa-11810	719	2	appraisal	appraisal	NOUN
ajfa-11810	719	3	journal	journal	NOUN
ajfa-11810	719	4	,	,	PUNCT
ajfa-11810	719	5	76(3	76(3	PROPN
ajfa-11810	719	6	)	)	PUNCT
ajfa-11810	719	7	,	,	PUNCT
ajfa-11810	719	8	200	200	NUM
ajfa-11810	719	9	-	-	SYM
ajfa-11810	719	10	210	210	NUM
ajfa-11810	719	11	.	.	PUNCT
ajfa-11810	720	1	demsetz	demsetz	VERB
ajfa-11810	720	2	,	,	PUNCT
ajfa-11810	720	3	h.	h.	PROPN
ajfa-11810	720	4	(	(	PUNCT
ajfa-11810	720	5	1968	1968	NUM
ajfa-11810	720	6	)	)	PUNCT
ajfa-11810	720	7	.	.	PUNCT
ajfa-11810	721	1	the	the	DET
ajfa-11810	721	2	cost	cost	NOUN
ajfa-11810	721	3	of	of	ADP
ajfa-11810	721	4	transacting	transact	VERB
ajfa-11810	721	5	.	.	PUNCT
ajfa-11810	722	1	quarterly	quarterly	ADJ
ajfa-11810	722	2	journal	journal	NOUN
ajfa-11810	722	3	of	of	ADP
ajfa-11810	722	4	economics	economic	NOUN
ajfa-11810	722	5	,	,	PUNCT
ajfa-11810	722	6	82(1	82(1	NOUN
ajfa-11810	722	7	)	)	PUNCT
ajfa-11810	722	8	,	,	PUNCT
ajfa-11810	722	9	33	33	NUM
ajfa-11810	722	10	-	-	SYM
ajfa-11810	722	11	53	53	NUM
ajfa-11810	722	12	.	.	PUNCT
ajfa-11810	722	13	diamond	diamond	NOUN
ajfa-11810	722	14	,	,	PUNCT
ajfa-11810	722	15	d.	d.	PROPN
ajfa-11810	722	16	w.	w.	PROPN
ajfa-11810	722	17	,	,	PUNCT
ajfa-11810	722	18	&	&	CCONJ
ajfa-11810	722	19	r.	r.	PROPN
ajfa-11810	722	20	e.	e.	PROPN
ajfa-11810	722	21	verrecchia	verrecchia	PROPN
ajfa-11810	722	22	.	.	PUNCT
ajfa-11810	723	1	(	(	PUNCT
ajfa-11810	723	2	1991	1991	NUM
ajfa-11810	723	3	)	)	PUNCT
ajfa-11810	723	4	.	.	PUNCT
ajfa-11810	724	1	disclosure	disclosure	NOUN
ajfa-11810	724	2	,	,	PUNCT
ajfa-11810	724	3	liquidity	liquidity	NOUN
ajfa-11810	724	4	,	,	PUNCT
ajfa-11810	724	5	and	and	CCONJ
ajfa-11810	724	6	the	the	DET
ajfa-11810	724	7	cost	cost	NOUN
ajfa-11810	724	8	of	of	ADP
ajfa-11810	724	9	capital	capital	NOUN
ajfa-11810	724	10	.	.	PUNCT
ajfa-11810	725	1	the	the	DET
ajfa-11810	725	2	journal	journal	PROPN
ajfa-11810	725	3	of	of	ADP
ajfa-11810	725	4	finance	finance	NOUN
ajfa-11810	725	5	,	,	PUNCT
ajfa-11810	725	6	46(4	46(4	NOUN
ajfa-11810	725	7	)	)	PUNCT
ajfa-11810	725	8	,	,	PUNCT
ajfa-11810	725	9	1325	1325	NUM
ajfa-11810	725	10	-	-	SYM
ajfa-11810	725	11	1359	1359	NUM
ajfa-11810	725	12	.	.	PUNCT
ajfa-11810	726	1	fama	fama	PROPN
ajfa-11810	726	2	,	,	PUNCT
ajfa-11810	726	3	e.	e.	PROPN
ajfa-11810	726	4	f.	f.	PROPN
ajfa-11810	726	5	,	,	PUNCT
ajfa-11810	726	6	&	&	CCONJ
ajfa-11810	726	7	m.	m.	PROPN
ajfa-11810	726	8	c.	c.	PROPN
ajfa-11810	726	9	jensen.(1983	jensen.(1983	PROPN
ajfa-11810	726	10	)	)	PUNCT
ajfa-11810	726	11	.	.	PUNCT
ajfa-11810	727	1	separation	separation	NOUN
ajfa-11810	727	2	of	of	ADP
ajfa-11810	727	3	ownership	ownership	NOUN
ajfa-11810	727	4	and	and	CCONJ
ajfa-11810	727	5	control	control	NOUN
ajfa-11810	727	6	.	.	PUNCT
ajfa-11810	728	1	journal	journal	PROPN
ajfa-11810	728	2	of	of	ADP
ajfa-11810	728	3	law	law	NOUN
ajfa-11810	728	4	and	and	CCONJ
ajfa-11810	728	5	economics	economic	NOUN
ajfa-11810	728	6	,	,	PUNCT
ajfa-11810	728	7	26(june	26(june	NUM
ajfa-11810	728	8	)	)	PUNCT
ajfa-11810	728	9	,	,	PUNCT
ajfa-11810	728	10	301	301	NUM
ajfa-11810	728	11	-	-	SYM
ajfa-11810	728	12	325	325	NUM
ajfa-11810	728	13	.	.	PUNCT
ajfa-11810	729	1	feltham	feltham	PROPN
ajfa-11810	729	2	,	,	PUNCT
ajfa-11810	729	3	g.	g.	PROPN
ajfa-11810	729	4	a.	a.	PROPN
ajfa-11810	729	5	,	,	PUNCT
ajfa-11810	729	6	j.	j.	PROPN
ajfa-11810	729	7	s.	s.	PROPN
ajfa-11810	729	8	hughes	hughes	PROPN
ajfa-11810	729	9	,	,	PUNCT
ajfa-11810	729	10	&	&	CCONJ
ajfa-11810	729	11	d.	d.	PROPN
ajfa-11810	729	12	a.	a.	PROPN
ajfa-11810	729	13	simunic	simunic	PROPN
ajfa-11810	729	14	.	.	PUNCT
ajfa-11810	730	1	(	(	PUNCT
ajfa-11810	730	2	1991	1991	NUM
ajfa-11810	730	3	)	)	PUNCT
ajfa-11810	730	4	.	.	PUNCT
ajfa-11810	731	1	empirical	empirical	ADJ
ajfa-11810	731	2	assessment	assessment	NOUN
ajfa-11810	731	3	of	of	ADP
ajfa-11810	731	4	the	the	DET
ajfa-11810	731	5	impact	impact	NOUN
ajfa-11810	731	6	of	of	ADP
ajfa-11810	731	7	auditor	auditor	NOUN
ajfa-11810	731	8	quality	quality	NOUN
ajfa-11810	731	9	on	on	ADP
ajfa-11810	731	10	the	the	DET
ajfa-11810	731	11	valuation	valuation	NOUN
ajfa-11810	731	12	of	of	ADP
ajfa-11810	731	13	new	new	ADJ
ajfa-11810	731	14	issues	issue	NOUN
ajfa-11810	731	15	.	.	PUNCT
ajfa-11810	732	1	journal	journal	NOUN
ajfa-11810	732	2	of	of	ADP
ajfa-11810	732	3	accounting	accounting	NOUN
ajfa-11810	732	4	and	and	CCONJ
ajfa-11810	732	5	economics	economic	NOUN
ajfa-11810	732	6	,	,	PUNCT
ajfa-11810	732	7	14(4	14(4	NUM
ajfa-11810	732	8	)	)	PUNCT
ajfa-11810	732	9	,	,	PUNCT
ajfa-11810	732	10	375–399	375–399	NUM
ajfa-11810	732	11	.	.	PUNCT
ajfa-11810	733	1	asian	asian	ADJ
ajfa-11810	733	2	journal	journal	PROPN
ajfa-11810	733	3	of	of	ADP
ajfa-11810	733	4	finance	finance	PROPN
ajfa-11810	733	5	&	&	CCONJ
ajfa-11810	733	6	accounting	accounting	PROPN
ajfa-11810	733	7	issn	issn	PROPN
ajfa-11810	733	8	1946	1946	NUM
ajfa-11810	733	9	-	-	PUNCT
ajfa-11810	733	10	052x	052x	NOUN
ajfa-11810	733	11	2018	2018	NUM
ajfa-11810	733	12	,	,	PUNCT
ajfa-11810	733	13	vol	vol	NOUN
ajfa-11810	733	14	.	.	PROPN
ajfa-11810	733	15	10	10	NUM
ajfa-11810	733	16	,	,	PUNCT
ajfa-11810	733	17	no	no	INTJ
ajfa-11810	733	18	.	.	NOUN
ajfa-11810	733	19	1	1	NUM
ajfa-11810	733	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	733	21	112	112	NUM
ajfa-11810	733	22	firth	firth	PROPN
ajfa-11810	733	23	,	,	PUNCT
ajfa-11810	733	24	m.	m.	NOUN
ajfa-11810	733	25	,	,	PUNCT
ajfa-11810	733	26	&	&	CCONJ
ajfa-11810	733	27	a.	a.	PROPN
ajfa-11810	733	28	smith	smith	PROPN
ajfa-11810	733	29	.	.	PUNCT
ajfa-11810	734	1	(	(	PUNCT
ajfa-11810	734	2	1992	1992	NUM
ajfa-11810	734	3	)	)	PUNCT
ajfa-11810	734	4	.	.	PUNCT
ajfa-11810	735	1	selection	selection	NOUN
ajfa-11810	735	2	of	of	ADP
ajfa-11810	735	3	auditor	auditor	NOUN
ajfa-11810	735	4	firms	firm	NOUN
ajfa-11810	735	5	by	by	ADP
ajfa-11810	735	6	companies	company	NOUN
ajfa-11810	735	7	in	in	ADP
ajfa-11810	735	8	the	the	DET
ajfa-11810	735	9	new	new	ADJ
ajfa-11810	735	10	issue	issue	NOUN
ajfa-11810	735	11	market	market	NOUN
ajfa-11810	735	12	.	.	PUNCT
ajfa-11810	736	1	applied	apply	VERB
ajfa-11810	736	2	economics	economic	NOUN
ajfa-11810	736	3	,	,	PUNCT
ajfa-11810	736	4	24(2	24(2	NUM
ajfa-11810	736	5	)	)	PUNCT
ajfa-11810	736	6	,	,	PUNCT
ajfa-11810	736	7	247	247	NUM
ajfa-11810	736	8	-	-	SYM
ajfa-11810	736	9	255	255	NUM
ajfa-11810	736	10	.	.	PUNCT
ajfa-11810	737	1	francis	francis	PROPN
ajfa-11810	737	2	,	,	PUNCT
ajfa-11810	737	3	j.	j.	PROPN
ajfa-11810	737	4	,	,	PUNCT
ajfa-11810	737	5	t.	t.	PROPN
ajfa-11810	737	6	lys	lys	PROPN
ajfa-11810	737	7	,	,	PUNCT
ajfa-11810	737	8	&	&	CCONJ
ajfa-11810	737	9	l.	l.	PROPN
ajfa-11810	737	10	vincent	vincent	PROPN
ajfa-11810	737	11	,	,	PUNCT
ajfa-11810	737	12	l.	l.	PROPN
ajfa-11810	737	13	(	(	PUNCT
ajfa-11810	737	14	2004	2004	NUM
ajfa-11810	737	15	)	)	PUNCT
ajfa-11810	737	16	.	.	PUNCT
ajfa-11810	738	1	valuation	valuation	NOUN
ajfa-11810	738	2	effects	effect	NOUN
ajfa-11810	738	3	of	of	ADP
ajfa-11810	738	4	debt	debt	NOUN
ajfa-11810	738	5	and	and	CCONJ
ajfa-11810	738	6	equity	equity	NOUN
ajfa-11810	738	7	offerings	offering	NOUN
ajfa-11810	738	8	by	by	ADP
ajfa-11810	738	9	real	real	ADJ
ajfa-11810	738	10	estate	estate	NOUN
ajfa-11810	738	11	investment	investment	NOUN
ajfa-11810	738	12	trusts	trust	NOUN
ajfa-11810	738	13	.	.	PUNCT
ajfa-11810	739	1	(	(	PUNCT
ajfa-11810	739	2	working	work	VERB
ajfa-11810	739	3	paper	paper	NOUN
ajfa-11810	739	4	)	)	PUNCT
ajfa-11810	739	5	.	.	PUNCT
ajfa-11810	740	1	duke	duke	PROPN
ajfa-11810	740	2	university	university	PROPN
ajfa-11810	740	3	and	and	CCONJ
ajfa-11810	740	4	northwestern	northwestern	PROPN
ajfa-11810	740	5	university	university	NOUN
ajfa-11810	740	6	.	.	PUNCT
ajfa-11810	741	1	retrieved	retrieve	VERB
ajfa-11810	741	2	on	on	ADP
ajfa-11810	741	3	april	april	PROPN
ajfa-11810	741	4	23	23	NUM
ajfa-11810	741	5	,	,	PUNCT
ajfa-11810	741	6	2012	2012	NUM
ajfa-11810	741	7	,	,	PUNCT
ajfa-11810	741	8	from	from	ADP
ajfa-11810	741	9	http://www.kellogg.northwestern.edu/faculty/vincentl/htm/offerings.pdf	http://www.kellogg.northwestern.edu/faculty/vincentl/htm/offerings.pdf	NOUN
ajfa-11810	741	10	.	.	PUNCT
ajfa-11810	742	1	friday	friday	PROPN
ajfa-11810	742	2	,	,	PUNCT
ajfa-11810	742	3	s.	s.	PROPN
ajfa-11810	742	4	w.	w.	PROPN
ajfa-11810	742	5	,	,	PUNCT
ajfa-11810	742	6	&	&	CCONJ
ajfa-11810	742	7	s.	s.	PROPN
ajfa-11810	742	8	g.	g.	PROPN
ajfa-11810	742	9	sirmans	sirmans	PROPN
ajfa-11810	742	10	.	.	PUNCT
ajfa-11810	743	1	(	(	PUNCT
ajfa-11810	743	2	1998	1998	NUM
ajfa-11810	743	3	)	)	PUNCT
ajfa-11810	743	4	.	.	PUNCT
ajfa-11810	744	1	board	board	NOUN
ajfa-11810	744	2	of	of	ADP
ajfa-11810	744	3	director	director	NOUN
ajfa-11810	744	4	monitoring	monitoring	NOUN
ajfa-11810	744	5	and	and	CCONJ
ajfa-11810	744	6	firm	firm	ADJ
ajfa-11810	744	7	value	value	NOUN
ajfa-11810	744	8	in	in	ADP
ajfa-11810	744	9	reits	reit	NOUN
ajfa-11810	744	10	.	.	PUNCT
ajfa-11810	745	1	journal	journal	PROPN
ajfa-11810	745	2	of	of	ADP
ajfa-11810	745	3	real	real	ADJ
ajfa-11810	745	4	estate	estate	NOUN
ajfa-11810	745	5	research	research	NOUN
ajfa-11810	745	6	,	,	PUNCT
ajfa-11810	745	7	16(3	16(3	NOUN
ajfa-11810	745	8	)	)	PUNCT
ajfa-11810	745	9	,	,	PUNCT
ajfa-11810	745	10	411	411	NUM
ajfa-11810	745	11	-	-	SYM
ajfa-11810	745	12	428	428	NUM
ajfa-11810	745	13	.	.	PUNCT
ajfa-11810	746	1	geiger	geiger	PROPN
ajfa-11810	746	2	,	,	PUNCT
ajfa-11810	746	3	m.	m.	NOUN
ajfa-11810	746	4	a.	a.	PROPN
ajfa-11810	746	5	,	,	PUNCT
ajfa-11810	746	6	&	&	CCONJ
ajfa-11810	746	7	k.	k.	PROPN
ajfa-11810	746	8	raghunandan	raghunandan	PROPN
ajfa-11810	746	9	.	.	PUNCT
ajfa-11810	747	1	(	(	PUNCT
ajfa-11810	747	2	2002	2002	NUM
ajfa-11810	747	3	)	)	PUNCT
ajfa-11810	747	4	.	.	PUNCT
ajfa-11810	748	1	auditor	auditor	NOUN
ajfa-11810	748	2	tenure	tenure	NOUN
ajfa-11810	748	3	and	and	CCONJ
ajfa-11810	748	4	audit	audit	NOUN
ajfa-11810	748	5	reporting	reporting	NOUN
ajfa-11810	748	6	failures	failure	NOUN
ajfa-11810	748	7	.	.	PUNCT
ajfa-11810	749	1	auditing	audit	VERB
ajfa-11810	749	2	:	:	PUNCT
ajfa-11810	749	3	a	a	DET
ajfa-11810	749	4	journal	journal	NOUN
ajfa-11810	749	5	of	of	ADP
ajfa-11810	749	6	practice	practice	NOUN
ajfa-11810	749	7	and	and	CCONJ
ajfa-11810	749	8	theory	theory	NOUN
ajfa-11810	749	9	,	,	PUNCT
ajfa-11810	749	10	21(1	21(1	NUM
ajfa-11810	749	11	)	)	PUNCT
ajfa-11810	749	12	,	,	PUNCT
ajfa-11810	749	13	67	67	NUM
ajfa-11810	749	14	-	-	SYM
ajfa-11810	749	15	78	78	NUM
ajfa-11810	749	16	.	.	PUNCT
ajfa-11810	750	1	goebel	goebel	NOUN
ajfa-11810	750	2	,	,	PUNCT
ajfa-11810	750	3	p.	p.	PROPN
ajfa-11810	750	4	r.	r.	PROPN
ajfa-11810	750	5	,	,	PUNCT
ajfa-11810	750	6	&	&	CCONJ
ajfa-11810	750	7	k.	k.	PROPN
ajfa-11810	750	8	s.	s.	PROPN
ajfa-11810	751	1	kim	kim	PROPN
ajfa-11810	751	2	.	.	PUNCT
ajfa-11810	752	1	(	(	PUNCT
ajfa-11810	752	2	1989	1989	NUM
ajfa-11810	752	3	)	)	PUNCT
ajfa-11810	752	4	.	.	PUNCT
ajfa-11810	753	1	performance	performance	NOUN
ajfa-11810	753	2	evaluation	evaluation	NOUN
ajfa-11810	753	3	of	of	ADP
ajfa-11810	753	4	finite	finite	ADJ
ajfa-11810	753	5	-	-	ADJ
ajfa-11810	753	6	life	life	ADJ
ajfa-11810	753	7	real	real	ADJ
ajfa-11810	753	8	estate	estate	NOUN
ajfa-11810	753	9	investment	investment	NOUN
ajfa-11810	753	10	trusts	trust	NOUN
ajfa-11810	753	11	.	.	PUNCT
ajfa-11810	754	1	journal	journal	NOUN
ajfa-11810	754	2	of	of	ADP
ajfa-11810	754	3	real	real	ADJ
ajfa-11810	754	4	estate	estate	NOUN
ajfa-11810	754	5	research	research	NOUN
ajfa-11810	754	6	,	,	PUNCT
ajfa-11810	754	7	4(2	4(2	NUM
ajfa-11810	754	8	)	)	PUNCT
ajfa-11810	754	9	,	,	PUNCT
ajfa-11810	754	10	57	57	NUM
ajfa-11810	754	11	-	-	SYM
ajfa-11810	754	12	69	69	NUM
ajfa-11810	754	13	.	.	PUNCT
ajfa-11810	755	1	goodman	goodman	PROPN
ajfa-11810	755	2	,	,	PUNCT
ajfa-11810	755	3	g.	g.	PROPN
ajfa-11810	755	4	a.	a.	PROPN
ajfa-11810	755	5	(	(	PUNCT
ajfa-11810	755	6	2000	2000	NUM
ajfa-11810	755	7	)	)	PUNCT
ajfa-11810	755	8	.	.	PUNCT
ajfa-11810	756	1	german	german	ADJ
ajfa-11810	756	2	investment	investment	NOUN
ajfa-11810	756	3	in	in	ADP
ajfa-11810	756	4	u.s	u.s	PROPN
ajfa-11810	756	5	.	.	PROPN
ajfa-11810	756	6	real	real	ADJ
ajfa-11810	756	7	estate	estate	NOUN
ajfa-11810	756	8	:	:	PUNCT
ajfa-11810	756	9	the	the	DET
ajfa-11810	756	10	acceleration	acceleration	NOUN
ajfa-11810	756	11	continues	continue	VERB
ajfa-11810	756	12	.	.	PUNCT
ajfa-11810	757	1	real	real	ADJ
ajfa-11810	757	2	estate	estate	NOUN
ajfa-11810	757	3	review	review	NOUN
ajfa-11810	757	4	,	,	PUNCT
ajfa-11810	757	5	30(1	30(1	NUM
ajfa-11810	757	6	)	)	PUNCT
ajfa-11810	757	7	,	,	PUNCT
ajfa-11810	757	8	1	1	NUM
ajfa-11810	757	9	-	-	SYM
ajfa-11810	757	10	20	20	NUM
ajfa-11810	757	11	.	.	PUNCT
ajfa-11810	758	1	goodman	goodman	PROPN
ajfa-11810	758	2	,	,	PUNCT
ajfa-11810	758	3	g.	g.	PROPN
ajfa-11810	758	4	a.	a.	PROPN
ajfa-11810	758	5	(	(	PUNCT
ajfa-11810	758	6	2003	2003	NUM
ajfa-11810	758	7	)	)	PUNCT
ajfa-11810	758	8	.	.	PUNCT
ajfa-11810	759	1	homeownership	homeownership	NOUN
ajfa-11810	759	2	and	and	CCONJ
ajfa-11810	759	3	investment	investment	NOUN
ajfa-11810	759	4	in	in	ADP
ajfa-11810	759	5	real	real	ADJ
ajfa-11810	759	6	estate	estate	NOUN
ajfa-11810	759	7	stocks	stock	NOUN
ajfa-11810	759	8	.	.	PUNCT
ajfa-11810	760	1	journal	journal	NOUN
ajfa-11810	760	2	of	of	ADP
ajfa-11810	760	3	real	real	ADJ
ajfa-11810	760	4	estate	estate	NOUN
ajfa-11810	760	5	portfolio	portfolio	NOUN
ajfa-11810	760	6	management	management	NOUN
ajfa-11810	760	7	,	,	PUNCT
ajfa-11810	760	8	9(2	9(2	NUM
ajfa-11810	760	9	):	):	PUNCT
ajfa-11810	760	10	93	93	NUM
ajfa-11810	760	11	-	-	SYM
ajfa-11810	760	12	105	105	NUM
ajfa-11810	760	13	.	.	PUNCT
ajfa-11810	761	1	hair	hair	NOUN
ajfa-11810	761	2	,	,	PUNCT
ajfa-11810	761	3	j.	j.	PROPN
ajfa-11810	761	4	f.	f.	PROPN
ajfa-11810	761	5	,	,	PUNCT
ajfa-11810	761	6	jr	jr	PROPN
ajfa-11810	761	7	.	.	PROPN
ajfa-11810	761	8	,	,	PUNCT
ajfa-11810	761	9	w.	w.	PROPN
ajfa-11810	761	10	c.	c.	PROPN
ajfa-11810	761	11	black	black	PROPN
ajfa-11810	761	12	,	,	PUNCT
ajfa-11810	761	13	b.	b.	PROPN
ajfa-11810	761	14	j.	j.	PROPN
ajfa-11810	761	15	babin	babin	PROPN
ajfa-11810	761	16	,	,	PUNCT
ajfa-11810	761	17	&	&	CCONJ
ajfa-11810	761	18	r.	r.	PROPN
ajfa-11810	761	19	e.	e.	PROPN
ajfa-11810	761	20	anderson	anderson	PROPN
ajfa-11810	761	21	.	.	PUNCT
ajfa-11810	762	1	(	(	PUNCT
ajfa-11810	762	2	2002	2002	NUM
ajfa-11810	762	3	)	)	PUNCT
ajfa-11810	762	4	.	.	PUNCT
ajfa-11810	763	1	multivariate	multivariate	NOUN
ajfa-11810	763	2	data	datum	NOUN
ajfa-11810	763	3	analysis	analysis	NOUN
ajfa-11810	763	4	(	(	PUNCT
ajfa-11810	763	5	7th	7th	ADJ
ajfa-11810	763	6	ed	ed	NOUN
ajfa-11810	763	7	)	)	PUNCT
ajfa-11810	763	8	.	.	PUNCT
ajfa-11810	764	1	upper	upper	ADJ
ajfa-11810	764	2	saddle	saddle	PROPN
ajfa-11810	764	3	river	river	PROPN
ajfa-11810	764	4	,	,	PUNCT
ajfa-11810	764	5	nj	nj	PROPN
ajfa-11810	764	6	:	:	PUNCT
ajfa-11810	764	7	prentice	prentice	NOUN
ajfa-11810	764	8	-	-	PUNCT
ajfa-11810	764	9	hall	hall	NOUN
ajfa-11810	764	10	.	.	PUNCT
ajfa-11810	765	1	hardin	hardin	PROPN
ajfa-11810	765	2	,	,	PUNCT
ajfa-11810	765	3	w.	w.	PROPN
ajfa-11810	765	4	g.	g.	PROPN
ajfa-11810	765	5	,	,	PUNCT
ajfa-11810	765	6	&	&	CCONJ
ajfa-11810	765	7	z.	z.	PROPN
ajfa-11810	765	8	wu	wu	PROPN
ajfa-11810	765	9	.	.	PUNCT
ajfa-11810	766	1	(	(	PUNCT
ajfa-11810	766	2	2010	2010	NUM
ajfa-11810	766	3	)	)	PUNCT
ajfa-11810	766	4	.	.	PUNCT
ajfa-11810	767	1	banking	banking	NOUN
ajfa-11810	767	2	relationships	relationship	NOUN
ajfa-11810	767	3	and	and	CCONJ
ajfa-11810	767	4	reit	reit	PROPN
ajfa-11810	767	5	capital	capital	NOUN
ajfa-11810	767	6	structure.real	structure.real	PROPN
ajfa-11810	767	7	estate	estate	NOUN
ajfa-11810	767	8	economics	economic	NOUN
ajfa-11810	767	9	,	,	PUNCT
ajfa-11810	767	10	38(2	38(2	NOUN
ajfa-11810	767	11	)	)	PUNCT
ajfa-11810	767	12	,	,	PUNCT
ajfa-11810	767	13	257	257	NUM
ajfa-11810	767	14	-	-	SYM
ajfa-11810	767	15	284	284	NUM
ajfa-11810	767	16	.	.	PUNCT
ajfa-11810	768	1	hay	hay	PROPN
ajfa-11810	768	2	,	,	PUNCT
ajfa-11810	768	3	d.	d.	PROPN
ajfa-11810	768	4	,	,	PUNCT
ajfa-11810	768	5	and	and	CCONJ
ajfa-11810	768	6	d.	d.	PROPN
ajfa-11810	768	7	davis	davis	PROPN
ajfa-11810	768	8	.	.	PUNCT
ajfa-11810	769	1	(	(	PUNCT
ajfa-11810	769	2	2004	2004	NUM
ajfa-11810	769	3	)	)	PUNCT
ajfa-11810	769	4	.	.	PUNCT
ajfa-11810	770	1	the	the	DET
ajfa-11810	770	2	voluntary	voluntary	ADJ
ajfa-11810	770	3	choice	choice	NOUN
ajfa-11810	770	4	of	of	ADP
ajfa-11810	770	5	an	an	DET
ajfa-11810	770	6	audit	audit	NOUN
ajfa-11810	770	7	of	of	ADP
ajfa-11810	770	8	any	any	DET
ajfa-11810	770	9	level	level	NOUN
ajfa-11810	770	10	of	of	ADP
ajfa-11810	770	11	quality	quality	NOUN
ajfa-11810	770	12	.	.	PUNCT
ajfa-11810	771	1	auditing	auditing	NOUN
ajfa-11810	771	2	:	:	PUNCT
ajfa-11810	771	3	a	a	DET
ajfa-11810	771	4	journal	journal	NOUN
ajfa-11810	771	5	of	of	ADP
ajfa-11810	771	6	practice	practice	NOUN
ajfa-11810	771	7	&	&	CCONJ
ajfa-11810	771	8	theory	theory	NOUN
ajfa-11810	771	9	,	,	PUNCT
ajfa-11810	771	10	23(2	23(2	NOUN
ajfa-11810	771	11	)	)	PUNCT
ajfa-11810	771	12	,	,	PUNCT
ajfa-11810	771	13	37	37	NUM
ajfa-11810	771	14	-	-	SYM
ajfa-11810	771	15	53	53	NUM
ajfa-11810	771	16	.	.	PUNCT
ajfa-11810	772	1	healy	healy	PROPN
ajfa-11810	772	2	,	,	PUNCT
ajfa-11810	772	3	p.	p.	NOUN
ajfa-11810	772	4	m.	m.	NOUN
ajfa-11810	772	5	,	,	PUNCT
ajfa-11810	772	6	&	&	CCONJ
ajfa-11810	772	7	k.	k.	PROPN
ajfa-11810	772	8	g.	g.	PROPN
ajfa-11810	772	9	palepu	palepu	PROPN
ajfa-11810	772	10	.	.	PUNCT
ajfa-11810	773	1	(	(	PUNCT
ajfa-11810	773	2	2001	2001	NUM
ajfa-11810	773	3	)	)	PUNCT
ajfa-11810	773	4	.	.	PUNCT
ajfa-11810	774	1	information	information	NOUN
ajfa-11810	774	2	asymmetry	asymmetry	NOUN
ajfa-11810	774	3	,	,	PUNCT
ajfa-11810	774	4	corporate	corporate	ADJ
ajfa-11810	774	5	disclosure	disclosure	NOUN
ajfa-11810	774	6	,	,	PUNCT
ajfa-11810	774	7	and	and	CCONJ
ajfa-11810	774	8	the	the	DET
ajfa-11810	774	9	capital	capital	NOUN
ajfa-11810	774	10	markets	market	NOUN
ajfa-11810	774	11	:	:	PUNCT
ajfa-11810	774	12	a	a	DET
ajfa-11810	774	13	review	review	NOUN
ajfa-11810	774	14	of	of	ADP
ajfa-11810	774	15	the	the	DET
ajfa-11810	774	16	empirical	empirical	ADJ
ajfa-11810	774	17	disclosure	disclosure	NOUN
ajfa-11810	774	18	literature	literature	NOUN
ajfa-11810	774	19	.	.	PUNCT
ajfa-11810	775	1	journal	journal	PROPN
ajfa-11810	775	2	of	of	ADP
ajfa-11810	775	3	accounting	accounting	NOUN
ajfa-11810	775	4	and	and	CCONJ
ajfa-11810	775	5	economics	economic	NOUN
ajfa-11810	775	6	,	,	PUNCT
ajfa-11810	775	7	31(1	31(1	NUM
ajfa-11810	775	8	-	-	SYM
ajfa-11810	775	9	3	3	NUM
ajfa-11810	775	10	)	)	PUNCT
ajfa-11810	775	11	,	,	PUNCT
ajfa-11810	775	12	405	405	NUM
ajfa-11810	775	13	-	-	SYM
ajfa-11810	775	14	440	440	NUM
ajfa-11810	775	15	.	.	PUNCT
ajfa-11810	776	1	higgs	higgs	PROPN
ajfa-11810	776	2	,	,	PUNCT
ajfa-11810	776	3	j.	j.	PROPN
ajfa-11810	776	4	l.	l.	PROPN
ajfa-11810	776	5	,	,	PUNCT
ajfa-11810	776	6	and	and	CCONJ
ajfa-11810	776	7	t.	t.	PROPN
ajfa-11810	776	8	r.	r.	PROPN
ajfa-11810	776	9	skantz.(2006	skantz.(2006	NOUN
ajfa-11810	776	10	)	)	PUNCT
ajfa-11810	776	11	.	.	PUNCT
ajfa-11810	777	1	audit	audit	NOUN
ajfa-11810	777	2	and	and	CCONJ
ajfa-11810	777	3	nonaudit	nonaudit	PROPN
ajfa-11810	777	4	fees	fee	NOUN
ajfa-11810	777	5	and	and	CCONJ
ajfa-11810	777	6	the	the	DET
ajfa-11810	777	7	market	market	NOUN
ajfa-11810	777	8	’s	’s	PART
ajfa-11810	777	9	reaction	reaction	NOUN
ajfa-11810	777	10	to	to	ADP
ajfa-11810	777	11	earnings	earning	NOUN
ajfa-11810	777	12	announcements	announcement	NOUN
ajfa-11810	777	13	.	.	PUNCT
ajfa-11810	778	1	auditing	auditing	NOUN
ajfa-11810	778	2	:	:	PUNCT
ajfa-11810	778	3	a	a	DET
ajfa-11810	778	4	journal	journal	NOUN
ajfa-11810	778	5	of	of	ADP
ajfa-11810	778	6	practice	practice	NOUN
ajfa-11810	778	7	theory	theory	NOUN
ajfa-11810	778	8	,	,	PUNCT
ajfa-11810	778	9	25(1	25(1	NUM
ajfa-11810	778	10	)	)	PUNCT
ajfa-11810	778	11	,	,	PUNCT
ajfa-11810	778	12	1	1	NUM
ajfa-11810	778	13	-	-	SYM
ajfa-11810	778	14	26	26	NUM
ajfa-11810	778	15	.	.	PUNCT
ajfa-11810	779	1	hope	hope	NOUN
ajfa-11810	779	2	,	,	PUNCT
ajfa-11810	779	3	o.	o.	PROPN
ajfa-11810	779	4	k.	k.	PROPN
ajfa-11810	779	5	,	,	PUNCT
ajfa-11810	779	6	w.	w.	PROPN
ajfa-11810	779	7	b.	b.	PROPN
ajfa-11810	779	8	thomas	thomas	PROPN
ajfa-11810	779	9	,	,	PUNCT
ajfa-11810	779	10	&	&	CCONJ
ajfa-11810	779	11	d.	d.	PROPN
ajfa-11810	779	12	vyas	vyas	PROPN
ajfa-11810	779	13	.	.	PUNCT
ajfa-11810	780	1	(	(	PUNCT
ajfa-11810	780	2	2009	2009	NUM
ajfa-11810	780	3	)	)	PUNCT
ajfa-11810	780	4	.	.	PUNCT
ajfa-11810	781	1	transparency	transparency	NOUN
ajfa-11810	781	2	,	,	PUNCT
ajfa-11810	781	3	ownership	ownership	NOUN
ajfa-11810	781	4	,	,	PUNCT
ajfa-11810	781	5	and	and	CCONJ
ajfa-11810	781	6	financing	financing	NOUN
ajfa-11810	781	7	constraints	constraint	NOUN
ajfa-11810	781	8	in	in	ADP
ajfa-11810	781	9	private	private	ADJ
ajfa-11810	781	10	firms.(working	firms.(worke	VERB
ajfa-11810	781	11	paper).canada	paper).canada	NOUN
ajfa-11810	781	12	:	:	PUNCT
ajfa-11810	781	13	university	university	NOUN
ajfa-11810	781	14	of	of	ADP
ajfa-11810	781	15	toronto.retrieved	toronto.retrieve	VERB
ajfa-11810	781	16	on	on	ADP
ajfa-11810	781	17	october	october	PROPN
ajfa-11810	781	18	30	30	NUM
ajfa-11810	781	19	,	,	PUNCT
ajfa-11810	781	20	2012	2012	NUM
ajfa-11810	781	21	,	,	PUNCT
ajfa-11810	781	22	from	from	ADP
ajfa-11810	781	23	http://www2.accountancy.smu.edu.sg/research/seminar/pdf/olekristianhope_paper.pdf	http://www2.accountancy.smu.edu.sg/research/seminar/pdf/olekristianhope_paper.pdf	PROPN
ajfa-11810	781	24	.	.	PUNCT
ajfa-11810	782	1	johnson	johnson	PROPN
ajfa-11810	782	2	,	,	PUNCT
ajfa-11810	782	3	v.	v.	PROPN
ajfa-11810	782	4	e.	e.	PROPN
ajfa-11810	782	5	,	,	PUNCT
ajfa-11810	782	6	i.	i.	PROPN
ajfa-11810	782	7	k.	k.	PROPN
ajfa-11810	783	1	khurana	khurana	PROPN
ajfa-11810	783	2	,	,	PUNCT
ajfa-11810	783	3	&	&	CCONJ
ajfa-11810	783	4	j.	j.	PROPN
ajfa-11810	783	5	k.	k.	PROPN
ajfa-11810	783	6	reynolds	reynolds	PROPN
ajfa-11810	783	7	.	.	PUNCT
ajfa-11810	784	1	(	(	PUNCT
ajfa-11810	784	2	2002	2002	NUM
ajfa-11810	784	3	)	)	PUNCT
ajfa-11810	784	4	.	.	PUNCT
ajfa-11810	785	1	audit	audit	NOUN
ajfa-11810	785	2	-	-	PUNCT
ajfa-11810	785	3	firm	firm	NOUN
ajfa-11810	785	4	tenure	tenure	NOUN
ajfa-11810	785	5	and	and	CCONJ
ajfa-11810	785	6	the	the	DET
ajfa-11810	785	7	quality	quality	NOUN
ajfa-11810	785	8	of	of	ADP
ajfa-11810	785	9	financial	financial	ADJ
ajfa-11810	785	10	reports	report	NOUN
ajfa-11810	785	11	.	.	PUNCT
ajfa-11810	786	1	contemporary	contemporary	ADJ
ajfa-11810	786	2	accounting	accounting	NOUN
ajfa-11810	786	3	research	research	PROPN
ajfa-11810	786	4	,	,	PUNCT
ajfa-11810	786	5	19(4	19(4	PROPN
ajfa-11810	786	6	)	)	PUNCT
ajfa-11810	786	7	,	,	PUNCT
ajfa-11810	786	8	637	637	NUM
ajfa-11810	786	9	-	-	SYM
ajfa-11810	786	10	660	660	NUM
ajfa-11810	786	11	.	.	PUNCT
ajfa-11810	787	1	karamanou	karamanou	PROPN
ajfa-11810	787	2	,	,	PUNCT
ajfa-11810	787	3	i.	i.	PROPN
ajfa-11810	787	4	,	,	PUNCT
ajfa-11810	787	5	&	&	CCONJ
ajfa-11810	787	6	n.	n.	PROPN
ajfa-11810	787	7	vafeas	vafea	NOUN
ajfa-11810	787	8	.	.	PUNCT
ajfa-11810	788	1	(	(	PUNCT
ajfa-11810	788	2	2005	2005	NUM
ajfa-11810	788	3	)	)	PUNCT
ajfa-11810	788	4	.	.	PUNCT
ajfa-11810	789	1	the	the	DET
ajfa-11810	789	2	association	association	NOUN
ajfa-11810	789	3	between	between	ADP
ajfa-11810	789	4	corporate	corporate	ADJ
ajfa-11810	789	5	boards	board	NOUN
ajfa-11810	789	6	,	,	PUNCT
ajfa-11810	789	7	audit	audit	NOUN
ajfa-11810	789	8	committees	committee	NOUN
ajfa-11810	789	9	,	,	PUNCT
ajfa-11810	789	10	and	and	CCONJ
ajfa-11810	789	11	management	management	NOUN
ajfa-11810	789	12	earnings	earning	NOUN
ajfa-11810	789	13	forecasts	forecast	NOUN
ajfa-11810	789	14	:	:	PUNCT
ajfa-11810	789	15	an	an	DET
ajfa-11810	789	16	empirical	empirical	ADJ
ajfa-11810	789	17	analysis	analysis	NOUN
ajfa-11810	789	18	.	.	PUNCT
ajfa-11810	790	1	journal	journal	NOUN
ajfa-11810	790	2	of	of	ADP
ajfa-11810	790	3	accounting	accounting	NOUN
ajfa-11810	790	4	research	research	NOUN
ajfa-11810	790	5	,	,	PUNCT
ajfa-11810	790	6	43(3	43(3	NUM
ajfa-11810	790	7	)	)	PUNCT
ajfa-11810	790	8	,	,	PUNCT
ajfa-11810	790	9	453	453	NUM
ajfa-11810	790	10	-	-	SYM
ajfa-11810	790	11	486	486	NUM
ajfa-11810	790	12	.	.	PUNCT
ajfa-11810	791	1	asian	asian	ADJ
ajfa-11810	791	2	journal	journal	PROPN
ajfa-11810	791	3	of	of	ADP
ajfa-11810	791	4	finance	finance	PROPN
ajfa-11810	791	5	&	&	CCONJ
ajfa-11810	791	6	accounting	accounting	PROPN
ajfa-11810	791	7	issn	issn	PROPN
ajfa-11810	791	8	1946	1946	NUM
ajfa-11810	791	9	-	-	PUNCT
ajfa-11810	791	10	052x	052x	NOUN
ajfa-11810	791	11	2018	2018	NUM
ajfa-11810	791	12	,	,	PUNCT
ajfa-11810	791	13	vol	vol	NOUN
ajfa-11810	791	14	.	.	PROPN
ajfa-11810	792	1	10	10	NUM
ajfa-11810	792	2	,	,	PUNCT
ajfa-11810	792	3	no	no	INTJ
ajfa-11810	792	4	.	.	NOUN
ajfa-11810	792	5	1	1	NUM
ajfa-11810	792	6	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-11810	792	7	113	113	NUM
ajfa-11810	792	8	knechel	knechel	PROPN
ajfa-11810	792	9	,	,	PUNCT
ajfa-11810	792	10	w.	w.	PROPN
ajfa-11810	792	11	r.	r.	PROPN
ajfa-11810	792	12	,	,	PUNCT
ajfa-11810	792	13	&	&	CCONJ
ajfa-11810	792	14	d.	d.	PROPN
ajfa-11810	792	15	s.	s.	PROPN
ajfa-11810	792	16	sharma	sharma	PROPN
ajfa-11810	792	17	.	.	PUNCT
ajfa-11810	793	1	(	(	PUNCT
ajfa-11810	793	2	2012	2012	NUM
ajfa-11810	793	3	)	)	PUNCT
ajfa-11810	793	4	.	.	PUNCT
ajfa-11810	794	1	auditor	auditor	NOUN
ajfa-11810	794	2	-	-	PUNCT
ajfa-11810	794	3	provided	provide	VERB
ajfa-11810	794	4	nonaudit	nonaudit	NOUN
ajfa-11810	794	5	services	service	NOUN
ajfa-11810	794	6	and	and	CCONJ
ajfa-11810	794	7	audit	audit	NOUN
ajfa-11810	794	8	effectiveness	effectiveness	NOUN
ajfa-11810	794	9	and	and	CCONJ
ajfa-11810	794	10	efficiency	efficiency	NOUN
ajfa-11810	794	11	:	:	PUNCT
ajfa-11810	794	12	evidence	evidence	NOUN
ajfa-11810	794	13	from	from	ADP
ajfa-11810	794	14	pre	pre	ADJ
ajfa-11810	794	15	-	-	ADJ
ajfa-11810	794	16	and	and	CCONJ
ajfa-11810	794	17	post	post	ADJ
ajfa-11810	794	18	-	-	ADJ
ajfa-11810	794	19	sox	sox	ADJ
ajfa-11810	794	20	audit	audit	NOUN
ajfa-11810	794	21	report	report	NOUN
ajfa-11810	794	22	logs	log	NOUN
ajfa-11810	794	23	.	.	PUNCT
ajfa-11810	795	1	auditing	auditing	NOUN
ajfa-11810	795	2	:	:	PUNCT
ajfa-11810	795	3	a	a	DET
ajfa-11810	795	4	journal	journal	NOUN
ajfa-11810	795	5	of	of	ADP
ajfa-11810	795	6	practice	practice	NOUN
ajfa-11810	795	7	&	&	CCONJ
ajfa-11810	795	8	theory	theory	NOUN
ajfa-11810	795	9	,	,	PUNCT
ajfa-11810	795	10	31(4	31(4	NUM
ajfa-11810	795	11	)	)	PUNCT
ajfa-11810	795	12	,	,	PUNCT
ajfa-11810	795	13	85	85	NUM
ajfa-11810	795	14	-	-	SYM
ajfa-11810	795	15	114	114	NUM
ajfa-11810	795	16	.	.	PUNCT
ajfa-11810	796	1	mansi	mansi	PROPN
ajfa-11810	796	2	,	,	PUNCT
ajfa-11810	796	3	s.	s.	PROPN
ajfa-11810	796	4	a.	a.	PROPN
ajfa-11810	796	5	,	,	PUNCT
ajfa-11810	796	6	w.	w.	PROPN
ajfa-11810	796	7	f.	f.	PROPN
ajfa-11810	796	8	maxwell	maxwell	PROPN
ajfa-11810	796	9	,	,	PUNCT
ajfa-11810	796	10	&	&	CCONJ
ajfa-11810	796	11	d.	d.	PROPN
ajfa-11810	796	12	p.	p.	PROPN
ajfa-11810	796	13	miller	miller	PROPN
ajfa-11810	796	14	.	.	PUNCT
ajfa-11810	797	1	(	(	PUNCT
ajfa-11810	797	2	2004	2004	NUM
ajfa-11810	797	3	)	)	PUNCT
ajfa-11810	797	4	.	.	PUNCT
ajfa-11810	798	1	does	do	VERB
ajfa-11810	798	2	auditor	auditor	NOUN
ajfa-11810	798	3	quality	quality	NOUN
ajfa-11810	798	4	and	and	CCONJ
ajfa-11810	798	5	tenure	tenure	NOUN
ajfa-11810	798	6	matter	matter	NOUN
ajfa-11810	798	7	to	to	ADP
ajfa-11810	798	8	investors	investor	NOUN
ajfa-11810	798	9	?	?	PUNCT
ajfa-11810	799	1	evidence	evidence	NOUN
ajfa-11810	799	2	from	from	ADP
ajfa-11810	799	3	the	the	DET
ajfa-11810	799	4	bond	bond	NOUN
ajfa-11810	799	5	market	market	NOUN
ajfa-11810	799	6	.	.	PUNCT
ajfa-11810	800	1	journal	journal	NOUN
ajfa-11810	800	2	of	of	ADP
ajfa-11810	800	3	accounting	accounting	NOUN
ajfa-11810	800	4	research	research	NOUN
ajfa-11810	800	5	,	,	PUNCT
ajfa-11810	800	6	42(4	42(4	PROPN
ajfa-11810	800	7	)	)	PUNCT
ajfa-11810	800	8	,	,	PUNCT
ajfa-11810	800	9	755	755	NUM
ajfa-11810	800	10	-	-	SYM
ajfa-11810	800	11	793	793	NUM
ajfa-11810	800	12	.	.	PUNCT
ajfa-11810	801	1	myers	myers	PROPN
ajfa-11810	801	2	,	,	PUNCT
ajfa-11810	801	3	s.	s.	PROPN
ajfa-11810	801	4	c.	c.	PROPN
ajfa-11810	801	5	(	(	PUNCT
ajfa-11810	801	6	1984	1984	NUM
ajfa-11810	801	7	)	)	PUNCT
ajfa-11810	801	8	.	.	PUNCT
ajfa-11810	802	1	the	the	DET
ajfa-11810	802	2	capital	capital	NOUN
ajfa-11810	802	3	structure	structure	NOUN
ajfa-11810	802	4	puzzle	puzzle	NOUN
ajfa-11810	802	5	.	.	PUNCT
ajfa-11810	803	1	the	the	DET
ajfa-11810	803	2	journal	journal	PROPN
ajfa-11810	803	3	of	of	ADP
ajfa-11810	803	4	finance	finance	NOUN
ajfa-11810	803	5	,	,	PUNCT
ajfa-11810	803	6	39(3	39(3	NUM
ajfa-11810	803	7	)	)	PUNCT
ajfa-11810	803	8	,	,	PUNCT
ajfa-11810	803	9	574	574	NUM
ajfa-11810	803	10	-	-	SYM
ajfa-11810	803	11	592	592	NUM
ajfa-11810	803	12	.	.	PUNCT
ajfa-11810	804	1	myers	myers	PROPN
ajfa-11810	804	2	,	,	PUNCT
ajfa-11810	804	3	j.	j.	PROPN
ajfa-11810	804	4	n.	n.	PROPN
ajfa-11810	804	5	,	,	PUNCT
ajfa-11810	804	6	l.	l.	PROPN
ajfa-11810	804	7	a.	a.	PROPN
ajfa-11810	804	8	myers	myers	PROPN
ajfa-11810	804	9	,	,	PUNCT
ajfa-11810	804	10	&	&	CCONJ
ajfa-11810	804	11	t.	t.	PROPN
ajfa-11810	804	12	c.	c.	PROPN
ajfa-11810	804	13	omer	omer	PROPN
ajfa-11810	804	14	.	.	PUNCT
ajfa-11810	805	1	(	(	PUNCT
ajfa-11810	805	2	2003	2003	NUM
ajfa-11810	805	3	)	)	PUNCT
ajfa-11810	805	4	.	.	PUNCT
ajfa-11810	806	1	exploring	explore	VERB
ajfa-11810	806	2	the	the	DET
ajfa-11810	806	3	term	term	NOUN
ajfa-11810	806	4	of	of	ADP
ajfa-11810	806	5	the	the	DET
ajfa-11810	806	6	auditor	auditor	NOUN
ajfa-11810	806	7	-	-	PUNCT
ajfa-11810	806	8	client	client	NOUN
ajfa-11810	806	9	relationship	relationship	NOUN
ajfa-11810	806	10	and	and	CCONJ
ajfa-11810	806	11	the	the	DET
ajfa-11810	806	12	quality	quality	NOUN
ajfa-11810	806	13	of	of	ADP
ajfa-11810	806	14	earnings	earning	NOUN
ajfa-11810	806	15	,	,	PUNCT
ajfa-11810	806	16	a	a	DET
ajfa-11810	806	17	case	case	NOUN
ajfa-11810	806	18	for	for	ADP
ajfa-11810	806	19	mandatory	mandatory	ADJ
ajfa-11810	806	20	auditor	auditor	NOUN
ajfa-11810	806	21	rotation	rotation	NOUN
ajfa-11810	806	22	.	.	PUNCT
ajfa-11810	807	1	the	the	DET
ajfa-11810	807	2	accounting	accounting	NOUN
ajfa-11810	807	3	review	review	NOUN
ajfa-11810	807	4	,	,	PUNCT
ajfa-11810	807	5	78(3	78(3	NOUN
ajfa-11810	807	6	)	)	PUNCT
ajfa-11810	807	7	,	,	PUNCT
ajfa-11810	807	8	779	779	NUM
ajfa-11810	807	9	-	-	SYM
ajfa-11810	807	10	799	799	NUM
ajfa-11810	807	11	.	.	PUNCT
ajfa-11810	807	12	naiker	naiker	NOUN
ajfa-11810	807	13	,	,	PUNCT
ajfa-11810	807	14	v.	v.	PROPN
ajfa-11810	807	15	,	,	PUNCT
ajfa-11810	807	16	d.	d.	PROPN
ajfa-11810	807	17	s.	s.	PROPN
ajfa-11810	807	18	sharma	sharma	PROPN
ajfa-11810	807	19	,	,	PUNCT
ajfa-11810	807	20	&	&	CCONJ
ajfa-11810	807	21	v.	v.	PROPN
ajfa-11810	807	22	d.	d.	PROPN
ajfa-11810	807	23	sharma	sharma	PROPN
ajfa-11810	807	24	.	.	PUNCT
ajfa-11810	808	1	(	(	PUNCT
ajfa-11810	808	2	2013	2013	NUM
ajfa-11810	808	3	)	)	PUNCT
ajfa-11810	808	4	.	.	PUNCT
ajfa-11810	809	1	do	do	AUX
ajfa-11810	809	2	former	former	ADJ
ajfa-11810	809	3	audit	audit	NOUN
ajfa-11810	809	4	firm	firm	ADJ
ajfa-11810	809	5	partners	partner	NOUN
ajfa-11810	809	6	on	on	ADP
ajfa-11810	809	7	audit	audit	NOUN
ajfa-11810	809	8	committees	committee	NOUN
ajfa-11810	809	9	procure	procure	VERB
ajfa-11810	809	10	greater	great	ADJ
ajfa-11810	809	11	nonaudit	nonaudit	PROPN
ajfa-11810	809	12	services	service	NOUN
ajfa-11810	809	13	from	from	ADP
ajfa-11810	809	14	the	the	DET
ajfa-11810	809	15	auditor	auditor	NOUN
ajfa-11810	809	16	?	?	PUNCT
ajfa-11810	810	1	the	the	DET
ajfa-11810	810	2	accounting	accounting	NOUN
ajfa-11810	810	3	review	review	NOUN
ajfa-11810	810	4	,	,	PUNCT
ajfa-11810	810	5	88(1	88(1	NOUN
ajfa-11810	810	6	)	)	PUNCT
ajfa-11810	810	7	,	,	PUNCT
ajfa-11810	810	8	297	297	NUM
ajfa-11810	810	9	-	-	SYM
ajfa-11810	810	10	326	326	NUM
ajfa-11810	810	11	.	.	PUNCT
ajfa-11810	811	1	national	national	PROPN
ajfa-11810	811	2	association	association	PROPN
ajfa-11810	811	3	of	of	ADP
ajfa-11810	811	4	real	real	ADJ
ajfa-11810	811	5	estate	estate	NOUN
ajfa-11810	811	6	investment	investment	NOUN
ajfa-11810	811	7	trusts	trust	NOUN
ajfa-11810	811	8	.	.	PUNCT
ajfa-11810	812	1	(	(	PUNCT
ajfa-11810	812	2	2012	2012	NUM
ajfa-11810	812	3	)	)	PUNCT
ajfa-11810	812	4	.	.	PUNCT
ajfa-11810	813	1	retrieved	retrieve	VERB
ajfa-11810	813	2	on	on	ADP
ajfa-11810	813	3	may	may	PROPN
ajfa-11810	813	4	4	4	NUM
ajfa-11810	813	5	,	,	PUNCT
ajfa-11810	813	6	2012	2012	NUM
ajfa-11810	813	7	,	,	PUNCT
ajfa-11810	813	8	from	from	ADP
ajfa-11810	813	9	:	:	PUNCT
ajfa-11810	813	10	http	http	ADJ
ajfa-11810	813	11	:	:	PUNCT
ajfa-11810	813	12	www	www	PROPN
ajfa-11810	813	13	/	/	SYM
ajfa-11810	813	14	reit.com	reit.com	PROPN
ajfa-11810	813	15	.	.	PUNCT
ajfa-11810	814	1	peel	peel	NOUN
ajfa-11810	814	2	,	,	PUNCT
ajfa-11810	814	3	m.	m.	NOUN
ajfa-11810	814	4	j.	j.	PROPN
ajfa-11810	814	5	,	,	PUNCT
ajfa-11810	814	6	&	&	CCONJ
ajfa-11810	814	7	r.	r.	PROPN
ajfa-11810	814	8	roberts	roberts	PROPN
ajfa-11810	814	9	.	.	PUNCT
ajfa-11810	815	1	(	(	PUNCT
ajfa-11810	815	2	2003	2003	NUM
ajfa-11810	815	3	)	)	PUNCT
ajfa-11810	815	4	.	.	PUNCT
ajfa-11810	816	1	audit	audit	NOUN
ajfa-11810	816	2	fee	fee	NOUN
ajfa-11810	816	3	determinants	determinant	NOUN
ajfa-11810	816	4	and	and	CCONJ
ajfa-11810	816	5	auditor	auditor	NOUN
ajfa-11810	816	6	premiums	premium	NOUN
ajfa-11810	816	7	:	:	PUNCT
ajfa-11810	816	8	evidence	evidence	NOUN
ajfa-11810	816	9	from	from	ADP
ajfa-11810	816	10	the	the	DET
ajfa-11810	816	11	micro	micro	NOUN
ajfa-11810	816	12	-	-	NOUN
ajfa-11810	816	13	firm	firm	ADJ
ajfa-11810	816	14	sub	sub	NOUN
ajfa-11810	816	15	-	-	NOUN
ajfa-11810	816	16	market	market	NOUN
ajfa-11810	816	17	.	.	PUNCT
ajfa-11810	817	1	accounting	accounting	NOUN
ajfa-11810	817	2	and	and	CCONJ
ajfa-11810	817	3	business	business	NOUN
ajfa-11810	817	4	research	research	NOUN
ajfa-11810	817	5	,	,	PUNCT
ajfa-11810	817	6	33(3	33(3	NOUN
ajfa-11810	817	7	)	)	PUNCT
ajfa-11810	817	8	,	,	PUNCT
ajfa-11810	817	9	207	207	NUM
ajfa-11810	817	10	-	-	SYM
ajfa-11810	817	11	233	233	NUM
ajfa-11810	817	12	.	.	PUNCT
ajfa-11810	818	1	ritter	ritter	PROPN
ajfa-11810	818	2	,	,	PUNCT
ajfa-11810	818	3	j.	j.	PROPN
ajfa-11810	818	4	r.	r.	PROPN
ajfa-11810	818	5	(	(	PUNCT
ajfa-11810	818	6	1984	1984	NUM
ajfa-11810	818	7	)	)	PUNCT
ajfa-11810	818	8	.	.	PUNCT
ajfa-11810	819	1	signaling	signal	VERB
ajfa-11810	819	2	and	and	CCONJ
ajfa-11810	819	3	the	the	DET
ajfa-11810	819	4	valuation	valuation	NOUN
ajfa-11810	819	5	of	of	ADP
ajfa-11810	819	6	unseasoned	unseasoned	ADJ
ajfa-11810	819	7	new	new	ADJ
ajfa-11810	819	8	issues	issue	NOUN
ajfa-11810	819	9	:	:	PUNCT
ajfa-11810	819	10	a	a	DET
ajfa-11810	819	11	comment	comment	NOUN
ajfa-11810	819	12	.	.	PUNCT
ajfa-11810	820	1	the	the	DET
ajfa-11810	820	2	journal	journal	PROPN
ajfa-11810	820	3	of	of	ADP
ajfa-11810	820	4	finance	finance	NOUN
ajfa-11810	820	5	,	,	PUNCT
ajfa-11810	820	6	39(4	39(4	NOUN
ajfa-11810	820	7	)	)	PUNCT
ajfa-11810	820	8	,	,	PUNCT
ajfa-11810	820	9	1231	1231	NUM
ajfa-11810	820	10	-	-	SYM
ajfa-11810	820	11	1237	1237	NUM
ajfa-11810	820	12	.	.	PUNCT
ajfa-11810	821	1	scherrer	scherr	ADJ
ajfa-11810	821	2	,	,	PUNCT
ajfa-11810	821	3	p.	p.	PROPN
ajfa-11810	821	4	s.	s.	PROPN
ajfa-11810	821	5	(	(	PUNCT
ajfa-11810	821	6	2004	2004	NUM
ajfa-11810	821	7	)	)	PUNCT
ajfa-11810	821	8	.	.	PUNCT
ajfa-11810	822	1	financing	financing	NOUN
ajfa-11810	822	2	and	and	CCONJ
ajfa-11810	822	3	investing	invest	VERB
ajfa-11810	822	4	considerations	consideration	NOUN
ajfa-11810	822	5	for	for	ADP
ajfa-11810	822	6	reits	reit	NOUN
ajfa-11810	822	7	.	.	PUNCT
ajfa-11810	823	1	corporate	corporate	ADJ
ajfa-11810	823	2	governance	governance	NOUN
ajfa-11810	823	3	,	,	PUNCT
ajfa-11810	823	4	4(4	4(4	NUM
ajfa-11810	823	5	)	)	PUNCT
ajfa-11810	823	6	,	,	PUNCT
ajfa-11810	823	7	78	78	NUM
ajfa-11810	823	8	-	-	SYM
ajfa-11810	823	9	82	82	NUM
ajfa-11810	823	10	.	.	PUNCT
ajfa-11810	824	1	simunic	simunic	PROPN
ajfa-11810	824	2	,	,	PUNCT
ajfa-11810	824	3	d.	d.	PROPN
ajfa-11810	824	4	,	,	PUNCT
ajfa-11810	824	5	&	&	CCONJ
ajfa-11810	824	6	m.	m.	PROPN
ajfa-11810	824	7	stein	stein	PROPN
ajfa-11810	824	8	.	.	PUNCT
ajfa-11810	825	1	(	(	PUNCT
ajfa-11810	825	2	1987	1987	NUM
ajfa-11810	825	3	)	)	PUNCT
ajfa-11810	825	4	.	.	PUNCT
ajfa-11810	826	1	production	production	NOUN
ajfa-11810	826	2	differentiation	differentiation	NOUN
ajfa-11810	826	3	in	in	ADP
ajfa-11810	826	4	auditing	auditing	NOUN
ajfa-11810	826	5	:	:	PUNCT
ajfa-11810	826	6	a	a	DET
ajfa-11810	826	7	study	study	NOUN
ajfa-11810	826	8	of	of	ADP
ajfa-11810	826	9	auditor	auditor	NOUN
ajfa-11810	826	10	choice	choice	NOUN
ajfa-11810	826	11	in	in	ADP
ajfa-11810	826	12	the	the	DET
ajfa-11810	826	13	market	market	NOUN
ajfa-11810	826	14	for	for	ADP
ajfa-11810	826	15	new	new	ADJ
ajfa-11810	826	16	issues	issue	NOUN
ajfa-11810	826	17	.	.	PUNCT
ajfa-11810	827	1	(	(	PUNCT
ajfa-11810	827	2	canadian	canadian	ADJ
ajfa-11810	827	3	certified	certify	VERB
ajfa-11810	827	4	general	general	ADJ
ajfa-11810	827	5	accountant	accountant	NOUN
ajfa-11810	827	6	’s	’s	PART
ajfa-11810	827	7	research	research	PROPN
ajfa-11810	827	8	foundation	foundation	PROPN
ajfa-11810	827	9	,	,	PUNCT
ajfa-11810	827	10	research	research	NOUN
ajfa-11810	827	11	report).retrieved	report).retrieve	VERB
ajfa-11810	827	12	on	on	ADP
ajfa-11810	827	13	may	may	PROPN
ajfa-11810	827	14	8	8	NUM
ajfa-11810	827	15	,	,	PUNCT
ajfa-11810	827	16	2012	2012	NUM
ajfa-11810	827	17	,	,	PUNCT
ajfa-11810	827	18	from	from	ADP
ajfa-11810	827	19	http://scholar.google.com/scholar?cites=6579729753907499239&as_sdt=205&sciodt=0,1&hl	http://scholar.google.com/scholar?cites=6579729753907499239&as_sdt=205&sciodt=0,1&hl	NOUN
ajfa-11810	827	20	=	=	NOUN
ajfa-11810	827	21	en	en	X
ajfa-11810	827	22	.	.	PUNCT
ajfa-11810	827	23	solomon	solomon	PROPN
ajfa-11810	827	24	,	,	PUNCT
ajfa-11810	827	25	i.	i.	PROPN
ajfa-11810	827	26	,	,	PUNCT
ajfa-11810	827	27	m.	m.	NOUN
ajfa-11810	827	28	shields	shield	NOUN
ajfa-11810	827	29	,	,	PUNCT
ajfa-11810	827	30	&	&	CCONJ
ajfa-11810	827	31	r.	r.	PROPN
ajfa-11810	827	32	whittington	whittington	PROPN
ajfa-11810	827	33	.	.	PUNCT
ajfa-11810	828	1	(	(	PUNCT
ajfa-11810	828	2	1999	1999	NUM
ajfa-11810	828	3	)	)	PUNCT
ajfa-11810	828	4	.	.	PUNCT
ajfa-11810	829	1	what	what	PRON
ajfa-11810	829	2	do	do	AUX
ajfa-11810	829	3	industry	industry	NOUN
ajfa-11810	829	4	-	-	PUNCT
ajfa-11810	829	5	specialist	specialist	NOUN
ajfa-11810	829	6	auditors	auditor	NOUN
ajfa-11810	829	7	know	know	VERB
ajfa-11810	829	8	?	?	PUNCT
ajfa-11810	830	1	journal	journal	NOUN
ajfa-11810	830	2	of	of	ADP
ajfa-11810	830	3	accounting	accounting	NOUN
ajfa-11810	830	4	research	research	NOUN
ajfa-11810	830	5	,	,	PUNCT
ajfa-11810	830	6	37(1	37(1	NUM
ajfa-11810	830	7	)	)	PUNCT
ajfa-11810	830	8	,	,	PUNCT
ajfa-11810	830	9	191	191	NUM
ajfa-11810	830	10	-	-	SYM
ajfa-11810	830	11	208	208	NUM
ajfa-11810	830	12	.	.	PUNCT
ajfa-11810	831	1	spence	spence	NOUN
ajfa-11810	831	2	,	,	PUNCT
ajfa-11810	831	3	m.	m.	NOUN
ajfa-11810	831	4	(	(	PUNCT
ajfa-11810	831	5	1973	1973	NUM
ajfa-11810	831	6	)	)	PUNCT
ajfa-11810	831	7	.	.	PUNCT
ajfa-11810	832	1	job	job	NOUN
ajfa-11810	832	2	market	market	NOUN
ajfa-11810	832	3	signaling.quarterly	signaling.quarterly	ADV
ajfa-11810	832	4	journal	journal	NOUN
ajfa-11810	832	5	of	of	ADP
ajfa-11810	832	6	economics	economic	NOUN
ajfa-11810	832	7	,	,	PUNCT
ajfa-11810	832	8	87(3	87(3	NOUN
ajfa-11810	832	9	)	)	PUNCT
ajfa-11810	832	10	,	,	PUNCT
ajfa-11810	832	11	355	355	NUM
ajfa-11810	832	12	-	-	SYM
ajfa-11810	832	13	374	374	NUM
ajfa-11810	832	14	.	.	PUNCT
ajfa-11810	833	1	titman	titman	PROPN
ajfa-11810	833	2	,	,	PUNCT
ajfa-11810	833	3	s.	s.	PROPN
ajfa-11810	833	4	,	,	PUNCT
ajfa-11810	833	5	&	&	CCONJ
ajfa-11810	833	6	b.	b.	PROPN
ajfa-11810	833	7	trueman	trueman	PROPN
ajfa-11810	833	8	.	.	PUNCT
ajfa-11810	834	1	(	(	PUNCT
ajfa-11810	834	2	1986	1986	NUM
ajfa-11810	834	3	)	)	PUNCT
ajfa-11810	834	4	.	.	PUNCT
ajfa-11810	835	1	information	information	NOUN
ajfa-11810	835	2	quality	quality	NOUN
ajfa-11810	835	3	and	and	CCONJ
ajfa-11810	835	4	the	the	DET
ajfa-11810	835	5	valuation	valuation	NOUN
ajfa-11810	835	6	of	of	ADP
ajfa-11810	835	7	new	new	ADJ
ajfa-11810	835	8	issues	issue	NOUN
ajfa-11810	835	9	.	.	PUNCT
ajfa-11810	836	1	journal	journal	NOUN
ajfa-11810	836	2	of	of	ADP
ajfa-11810	836	3	accounting	accounting	NOUN
ajfa-11810	836	4	and	and	CCONJ
ajfa-11810	836	5	economics	economic	NOUN
ajfa-11810	836	6	,	,	PUNCT
ajfa-11810	836	7	8(2	8(2	NUM
ajfa-11810	836	8	)	)	PUNCT
ajfa-11810	836	9	,	,	PUNCT
ajfa-11810	836	10	159–172	159–172	NUM
ajfa-11810	836	11	.	.	PUNCT
ajfa-11810	837	1	watts	watts	PROPN
ajfa-11810	837	2	,	,	PUNCT
ajfa-11810	837	3	r.	r.	PROPN
ajfa-11810	837	4	l.	l.	PROPN
ajfa-11810	837	5	,	,	PUNCT
ajfa-11810	837	6	&	&	CCONJ
ajfa-11810	837	7	j.	j.	PROPN
ajfa-11810	837	8	l.	l.	PROPN
ajfa-11810	837	9	zimmerman	zimmerman	PROPN
ajfa-11810	837	10	.	.	PUNCT
ajfa-11810	838	1	(	(	PUNCT
ajfa-11810	838	2	1983	1983	NUM
ajfa-11810	838	3	)	)	PUNCT
ajfa-11810	838	4	.	.	PUNCT
ajfa-11810	839	1	agency	agency	NOUN
ajfa-11810	839	2	problems	problem	NOUN
ajfa-11810	839	3	,	,	PUNCT
ajfa-11810	839	4	auditing	auditing	NOUN
ajfa-11810	839	5	,	,	PUNCT
ajfa-11810	839	6	and	and	CCONJ
ajfa-11810	839	7	the	the	DET
ajfa-11810	839	8	theory	theory	NOUN
ajfa-11810	839	9	of	of	ADP
ajfa-11810	839	10	the	the	DET
ajfa-11810	839	11	firm	firm	NOUN
ajfa-11810	839	12	:	:	PUNCT
ajfa-11810	839	13	some	some	DET
ajfa-11810	839	14	evidence	evidence	NOUN
ajfa-11810	839	15	.	.	PUNCT
ajfa-11810	840	1	journal	journal	NOUN
ajfa-11810	840	2	of	of	ADP
ajfa-11810	840	3	law	law	NOUN
ajfa-11810	840	4	and	and	CCONJ
ajfa-11810	840	5	economics	economic	NOUN
ajfa-11810	840	6	,	,	PUNCT
ajfa-11810	840	7	26(3	26(3	NUM
ajfa-11810	840	8	)	)	PUNCT
ajfa-11810	840	9	,	,	PUNCT
ajfa-11810	840	10	613	613	NUM
ajfa-11810	840	11	-	-	SYM
ajfa-11810	840	12	633	633	NUM
ajfa-11810	840	13	.	.	PUNCT
ajfa-11810	841	1	notes	note	NOUN
ajfa-11810	841	2	note	note	VERB
ajfa-11810	841	3	1	1	NUM
ajfa-11810	841	4	.	.	PUNCT
ajfa-11810	841	5	from	from	ADP
ajfa-11810	841	6	1976	1976	NUM
ajfa-11810	841	7	-	-	SYM
ajfa-11810	841	8	2011	2011	NUM
ajfa-11810	841	9	,	,	PUNCT
ajfa-11810	841	10	the	the	DET
ajfa-11810	841	11	average	average	ADJ
ajfa-11810	841	12	annual	annual	ADJ
ajfa-11810	841	13	return	return	NOUN
ajfa-11810	841	14	of	of	ADP
ajfa-11810	841	15	the	the	DET
ajfa-11810	841	16	ftse	ftse	NOUN
ajfa-11810	841	17	-	-	PUNCT
ajfa-11810	841	18	nareit	nareit	PROPN
ajfa-11810	841	19	all	all	PROPN
ajfa-11810	841	20	-	-	PUNCT
ajfa-11810	841	21	reit	reit	PROPN
ajfa-11810	841	22	index	index	NOUN
ajfa-11810	841	23	was	be	AUX
ajfa-11810	841	24	12.98	12.98	NUM
ajfa-11810	841	25	%	%	NOUN
ajfa-11810	841	26	.	.	PUNCT
ajfa-11810	842	1	over	over	ADP
ajfa-11810	842	2	the	the	DET
ajfa-11810	842	3	same	same	ADJ
ajfa-11810	842	4	period	period	NOUN
ajfa-11810	842	5	,	,	PUNCT
ajfa-11810	842	6	the	the	DET
ajfa-11810	842	7	average	average	ADJ
ajfa-11810	842	8	annual	annual	ADJ
ajfa-11810	842	9	returns	return	NOUN
ajfa-11810	842	10	of	of	ADP
ajfa-11810	842	11	the	the	DET
ajfa-11810	842	12	s&p	s&p	PROPN
ajfa-11810	842	13	500	500	NUM
ajfa-11810	842	14	index	index	NOUN
ajfa-11810	842	15	,	,	PUNCT
ajfa-11810	842	16	the	the	DET
ajfa-11810	842	17	dow	dow	PROPN
ajfa-11810	842	18	jones	jones	PROPN
ajfa-11810	842	19	industrial	industrial	PROPN
ajfa-11810	842	20	average	average	PROPN
ajfa-11810	842	21	,	,	PUNCT
ajfa-11810	842	22	and	and	CCONJ
ajfa-11810	842	23	the	the	DET
ajfa-11810	842	24	nasdaq	nasdaq	PROPN
ajfa-11810	842	25	composite	composite	ADJ
ajfa-11810	842	26	index	index	NOUN
ajfa-11810	842	27	were	be	AUX
ajfa-11810	842	28	10.57	10.57	NUM
ajfa-11810	842	29	%	%	NOUN
ajfa-11810	842	30	,	,	PUNCT
ajfa-11810	842	31	7.40	7.40	NUM
ajfa-11810	842	32	%	%	NOUN
ajfa-11810	842	33	,	,	PUNCT
ajfa-11810	842	34	and	and	CCONJ
ajfa-11810	842	35	asian	asian	ADJ
ajfa-11810	842	36	journal	journal	NOUN
ajfa-11810	842	37	of	of	ADP
ajfa-11810	842	38	finance	finance	PROPN
ajfa-11810	842	39	&	&	CCONJ
ajfa-11810	842	40	accounting	accounting	PROPN
ajfa-11810	842	41	issn	issn	PROPN
ajfa-11810	842	42	1946	1946	NUM
ajfa-11810	842	43	-	-	PUNCT
ajfa-11810	842	44	052x	052x	NOUN
ajfa-11810	842	45	2018	2018	NUM
ajfa-11810	842	46	,	,	PUNCT
ajfa-11810	842	47	vol	vol	NOUN
ajfa-11810	842	48	.	.	PROPN
ajfa-11810	842	49	10	10	NUM
ajfa-11810	842	50	,	,	PUNCT
ajfa-11810	842	51	no	no	INTJ
ajfa-11810	842	52	.	.	NOUN
ajfa-11810	842	53	1	1	NUM
ajfa-11810	842	54	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-11810	842	55	114	114	NUM
ajfa-11810	842	56	9.83	9.83	NUM
ajfa-11810	842	57	%	%	NOUN
ajfa-11810	842	58	,	,	PUNCT
ajfa-11810	842	59	respectively	respectively	ADV
ajfa-11810	842	60	.	.	PUNCT
ajfa-11810	843	1	data	datum	NOUN
ajfa-11810	843	2	obtained	obtain	VERB
ajfa-11810	843	3	from	from	ADP
ajfa-11810	843	4	nareit	nareit	PROPN
ajfa-11810	843	5	,	,	PUNCT
ajfa-11810	843	6	available	available	ADJ
ajfa-11810	843	7	at	at	ADP
ajfa-11810	843	8	www.reit.com	www.reit.com	PROPN
ajfa-11810	843	9	.	.	PUNCT
ajfa-11810	844	1	note	note	NOUN
ajfa-11810	844	2	2	2	NUM
ajfa-11810	844	3	.	.	PUNCT
ajfa-11810	845	1	the	the	DET
ajfa-11810	845	2	average	average	ADJ
ajfa-11810	845	3	annual	annual	ADJ
ajfa-11810	845	4	returns	return	NOUN
ajfa-11810	845	5	of	of	ADP
ajfa-11810	845	6	the	the	DET
ajfa-11810	845	7	ftse	ftse	NOUN
ajfa-11810	845	8	-	-	PUNCT
ajfa-11810	845	9	nareit	nareit	PROPN
ajfa-11810	845	10	all	all	PROPN
ajfa-11810	845	11	-	-	PUNCT
ajfa-11810	845	12	reit	reit	PROPN
ajfa-11810	845	13	index	index	NOUN
ajfa-11810	845	14	in	in	ADP
ajfa-11810	845	15	the	the	DET
ajfa-11810	845	16	years	year	NOUN
ajfa-11810	845	17	2009	2009	NUM
ajfa-11810	845	18	,	,	PUNCT
ajfa-11810	845	19	2010	2010	NUM
ajfa-11810	845	20	,	,	PUNCT
ajfa-11810	845	21	and	and	CCONJ
ajfa-11810	845	22	2011	2011	NUM
ajfa-11810	845	23	,	,	PUNCT
ajfa-11810	845	24	were	be	AUX
ajfa-11810	845	25	27.45	27.45	NUM
ajfa-11810	845	26	%	%	NOUN
ajfa-11810	845	27	,	,	PUNCT
ajfa-11810	845	28	27.58	27.58	NUM
ajfa-11810	845	29	%	%	NOUN
ajfa-11810	845	30	,	,	PUNCT
ajfa-11810	845	31	and	and	CCONJ
ajfa-11810	845	32	7.28	7.28	NUM
ajfa-11810	845	33	%	%	NOUN
ajfa-11810	845	34	,	,	PUNCT
ajfa-11810	845	35	respectively	respectively	ADV
ajfa-11810	845	36	.	.	PUNCT
ajfa-11810	846	1	the	the	DET
ajfa-11810	846	2	average	average	ADJ
ajfa-11810	846	3	annual	annual	ADJ
ajfa-11810	846	4	returns	return	NOUN
ajfa-11810	846	5	of	of	ADP
ajfa-11810	846	6	the	the	DET
ajfa-11810	846	7	s&p	s&p	PROPN
ajfa-11810	846	8	500	500	NUM
ajfa-11810	846	9	index	index	NOUN
ajfa-11810	846	10	in	in	ADP
ajfa-11810	846	11	the	the	DET
ajfa-11810	846	12	years	year	NOUN
ajfa-11810	846	13	2009	2009	NUM
ajfa-11810	846	14	,	,	PUNCT
ajfa-11810	846	15	2010	2010	NUM
ajfa-11810	846	16	,	,	PUNCT
ajfa-11810	846	17	and	and	CCONJ
ajfa-11810	846	18	2011	2011	NUM
ajfa-11810	846	19	,	,	PUNCT
ajfa-11810	846	20	were	be	AUX
ajfa-11810	846	21	23.45	23.45	NUM
ajfa-11810	846	22	%	%	NOUN
ajfa-11810	846	23	,	,	PUNCT
ajfa-11810	846	24	12.78	12.78	NUM
ajfa-11810	846	25	%	%	NOUN
ajfa-11810	846	26	,	,	PUNCT
ajfa-11810	846	27	and	and	CCONJ
ajfa-11810	846	28	0.01	0.01	NUM
ajfa-11810	846	29	%	%	NOUN
ajfa-11810	846	30	,	,	PUNCT
ajfa-11810	846	31	respectively	respectively	ADV
ajfa-11810	846	32	.	.	PUNCT
ajfa-11810	847	1	the	the	DET
ajfa-11810	847	2	average	average	ADJ
ajfa-11810	847	3	annual	annual	ADJ
ajfa-11810	847	4	returns	return	NOUN
ajfa-11810	847	5	of	of	ADP
ajfa-11810	847	6	the	the	DET
ajfa-11810	847	7	dow	dow	PROPN
ajfa-11810	847	8	jones	jones	PROPN
ajfa-11810	847	9	industrial	industrial	PROPN
ajfa-11810	847	10	average	average	NOUN
ajfa-11810	847	11	in	in	ADP
ajfa-11810	847	12	the	the	DET
ajfa-11810	847	13	years	year	NOUN
ajfa-11810	847	14	2009	2009	NUM
ajfa-11810	847	15	,	,	PUNCT
ajfa-11810	847	16	2010	2010	NUM
ajfa-11810	847	17	,	,	PUNCT
ajfa-11810	847	18	and	and	CCONJ
ajfa-11810	847	19	2011	2011	NUM
ajfa-11810	847	20	,	,	PUNCT
ajfa-11810	847	21	were	be	AUX
ajfa-11810	847	22	18.82	18.82	NUM
ajfa-11810	847	23	%	%	NOUN
ajfa-11810	847	24	,	,	PUNCT
ajfa-11810	847	25	11.02	11.02	NUM
ajfa-11810	847	26	%	%	NOUN
ajfa-11810	847	27	,	,	PUNCT
ajfa-11810	847	28	and	and	CCONJ
ajfa-11810	847	29	5.53	5.53	NUM
ajfa-11810	847	30	%	%	NOUN
ajfa-11810	847	31	,	,	PUNCT
ajfa-11810	847	32	respectively	respectively	ADV
ajfa-11810	847	33	.	.	PUNCT
ajfa-11810	848	1	the	the	DET
ajfa-11810	848	2	average	average	ADJ
ajfa-11810	848	3	annual	annual	ADJ
ajfa-11810	848	4	historical	historical	ADJ
ajfa-11810	848	5	returns	return	NOUN
ajfa-11810	848	6	of	of	ADP
ajfa-11810	848	7	the	the	DET
ajfa-11810	848	8	nasdaq	nasdaq	PROPN
ajfa-11810	848	9	composite	composite	ADJ
ajfa-11810	848	10	index	index	NOUN
ajfa-11810	848	11	in	in	ADP
ajfa-11810	848	12	the	the	DET
ajfa-11810	848	13	years	year	NOUN
ajfa-11810	848	14	2009	2009	NUM
ajfa-11810	848	15	,	,	PUNCT
ajfa-11810	848	16	2010	2010	NUM
ajfa-11810	848	17	,	,	PUNCT
ajfa-11810	848	18	and	and	CCONJ
ajfa-11810	848	19	2011	2011	NUM
ajfa-11810	848	20	,	,	PUNCT
ajfa-11810	848	21	were	be	AUX
ajfa-11810	848	22	43.89	43.89	NUM
ajfa-11810	848	23	%	%	NOUN
ajfa-11810	848	24	,	,	PUNCT
ajfa-11810	848	25	16.91	16.91	NUM
ajfa-11810	848	26	%	%	NOUN
ajfa-11810	848	27	,	,	PUNCT
ajfa-11810	848	28	and	and	CCONJ
ajfa-11810	848	29	-1.80	-1.80	ADV
ajfa-11810	848	30	%	%	NOUN
ajfa-11810	848	31	,	,	PUNCT
ajfa-11810	848	32	respectively	respectively	ADV
ajfa-11810	848	33	.	.	PUNCT
ajfa-11810	849	1	data	datum	NOUN
ajfa-11810	849	2	obtained	obtain	VERB
ajfa-11810	849	3	from	from	ADP
ajfa-11810	849	4	nareit	nareit	PROPN
ajfa-11810	849	5	,	,	PUNCT
ajfa-11810	849	6	available	available	ADJ
ajfa-11810	849	7	at	at	ADP
ajfa-11810	849	8	www.reit.com	www.reit.com	PROPN
ajfa-11810	849	9	.	.	PUNCT
ajfa-11810	850	1	note	note	VERB
ajfa-11810	850	2	3	3	NUM
ajfa-11810	850	3	.	.	X
ajfa-11810	850	4	reits	reit	NOUN
ajfa-11810	850	5	must	must	AUX
ajfa-11810	850	6	annually	annually	ADV
ajfa-11810	850	7	elect	elect	VERB
ajfa-11810	850	8	reit	reit	NOUN
ajfa-11810	850	9	status	status	NOUN
ajfa-11810	850	10	,	,	PUNCT
ajfa-11810	850	11	and	and	CCONJ
ajfa-11810	850	12	disclose	disclose	VERB
ajfa-11810	850	13	their	their	PRON
ajfa-11810	850	14	election	election	NOUN
ajfa-11810	850	15	in	in	ADP
ajfa-11810	850	16	their	their	PRON
ajfa-11810	850	17	annual	annual	ADJ
ajfa-11810	850	18	proxy	proxy	ADJ
ajfa-11810	850	19	statement	statement	NOUN
ajfa-11810	850	20	.	.	PUNCT
ajfa-11810	851	1	data	datum	NOUN
ajfa-11810	851	2	available	available	ADJ
ajfa-11810	851	3	at	at	ADP
ajfa-11810	851	4	http://www.sec.gov	http://www.sec.gov	PROPN
ajfa-11810	851	5	.	.	PUNCT
ajfa-11810	852	1	note	note	VERB
ajfa-11810	853	1	4	4	NUM
ajfa-11810	853	2	.	.	X
ajfa-11810	853	3	data	datum	NOUN
ajfa-11810	853	4	available	available	ADJ
ajfa-11810	853	5	at	at	ADP
ajfa-11810	853	6	http://www.sec.gov	http://www.sec.gov	PROPN
ajfa-11810	853	7	.	.	PUNCT
ajfa-11810	854	1	note	note	NOUN
ajfa-11810	854	2	5	5	NUM
ajfa-11810	854	3	.	.	PUNCT
ajfa-11810	855	1	data	datum	NOUN
ajfa-11810	855	2	obtained	obtain	VERB
ajfa-11810	855	3	by	by	ADP
ajfa-11810	855	4	licensed	licensed	ADJ
ajfa-11810	855	5	access	access	NOUN
ajfa-11810	855	6	to	to	ADP
ajfa-11810	855	7	the	the	DET
ajfa-11810	855	8	university	university	PROPN
ajfa-11810	855	9	of	of	ADP
ajfa-11810	855	10	pennsylvania	pennsylvania	PROPN
ajfa-11810	855	11	’s	’s	PART
ajfa-11810	855	12	wharton	wharton	PROPN
ajfa-11810	855	13	research	research	PROPN
ajfa-11810	855	14	data	datum	NOUN
ajfa-11810	855	15	services	service	NOUN
ajfa-11810	855	16	,	,	PUNCT
ajfa-11810	855	17	available	available	ADJ
ajfa-11810	855	18	at	at	ADP
ajfa-11810	855	19	http://wrds-web.wharton.upenn.edu/wrds/index.cfm	http://wrds-web.wharton.upenn.edu/wrds/index.cfm	PROPN
ajfa-11810	855	20	.	.	PUNCT
ajfa-11810	856	1	note	note	VERB
ajfa-11810	856	2	6	6	NUM
ajfa-11810	856	3	.	.	PUNCT
ajfa-11810	856	4	audit	audit	NOUN
ajfa-11810	856	5	fee	fee	NOUN
ajfa-11810	856	6	information	information	NOUN
ajfa-11810	856	7	comes	come	VERB
ajfa-11810	856	8	from	from	ADP
ajfa-11810	856	9	the	the	DET
ajfa-11810	856	10	audit	audit	NOUN
ajfa-11810	856	11	analytics	analytic	NOUN
ajfa-11810	856	12	database	database	NOUN
ajfa-11810	856	13	.	.	PUNCT
ajfa-11810	857	1	note	note	VERB
ajfa-11810	857	2	7	7	NUM
ajfa-11810	857	3	.	.	PUNCT
ajfa-11810	858	1	so	so	ADV
ajfa-11810	858	2	as	as	SCONJ
ajfa-11810	858	3	not	not	PART
ajfa-11810	858	4	to	to	PART
ajfa-11810	858	5	lose	lose	VERB
ajfa-11810	858	6	zero	zero	NUM
ajfa-11810	858	7	value	value	NOUN
ajfa-11810	858	8	observations	observation	NOUN
ajfa-11810	858	9	when	when	SCONJ
ajfa-11810	858	10	log	log	NOUN
ajfa-11810	858	11	transforming	transform	VERB
ajfa-11810	858	12	variables	variable	NOUN
ajfa-11810	858	13	,	,	PUNCT
ajfa-11810	858	14	researchers	researcher	NOUN
ajfa-11810	858	15	commonly	commonly	ADV
ajfa-11810	858	16	compute	compute	VERB
ajfa-11810	858	17	the	the	DET
ajfa-11810	858	18	natural	natural	ADJ
ajfa-11810	858	19	log	log	NOUN
ajfa-11810	858	20	of	of	ADP
ajfa-11810	858	21	the	the	DET
ajfa-11810	858	22	sum	sum	NOUN
ajfa-11810	858	23	of	of	ADP
ajfa-11810	858	24	the	the	DET
ajfa-11810	858	25	variable	variable	NOUN
ajfa-11810	858	26	and	and	CCONJ
ajfa-11810	858	27	one	one	NUM
ajfa-11810	858	28	(	(	PUNCT
ajfa-11810	858	29	for	for	ADP
ajfa-11810	858	30	examples	example	NOUN
ajfa-11810	858	31	,	,	PUNCT
ajfa-11810	858	32	see	see	VERB
ajfa-11810	858	33	campbell	campbell	PROPN
ajfa-11810	858	34	&	&	CCONJ
ajfa-11810	858	35	shiller	shiller	PROPN
ajfa-11810	858	36	,	,	PUNCT
ajfa-11810	858	37	1988	1988	NUM
ajfa-11810	858	38	;	;	PUNCT
ajfa-11810	858	39	chen	chen	PROPN
ajfa-11810	858	40	&	&	CCONJ
ajfa-11810	858	41	steiner	steiner	PROPN
ajfa-11810	858	42	,	,	PUNCT
ajfa-11810	858	43	1999	1999	NUM
ajfa-11810	858	44	;	;	PUNCT
ajfa-11810	858	45	cornett	cornett	PROPN
ajfa-11810	858	46	,	,	PUNCT
ajfa-11810	858	47	marcus	marcus	PROPN
ajfa-11810	858	48	,	,	PUNCT
ajfa-11810	858	49	&	&	CCONJ
ajfa-11810	858	50	tehranian	tehranian	NOUN
ajfa-11810	858	51	,	,	PUNCT
ajfa-11810	858	52	2008	2008	NUM
ajfa-11810	858	53	;	;	PUNCT
ajfa-11810	858	54	ritter	ritter	NOUN
ajfa-11810	858	55	,	,	PUNCT
ajfa-11810	858	56	1984	1984	NUM
ajfa-11810	858	57	)	)	PUNCT
ajfa-11810	858	58	.	.	PUNCT
ajfa-11810	859	1	throughout	throughout	ADP
ajfa-11810	859	2	this	this	DET
ajfa-11810	859	3	paper	paper	NOUN
ajfa-11810	859	4	,	,	PUNCT
ajfa-11810	859	5	we	we	PRON
ajfa-11810	859	6	follow	follow	VERB
ajfa-11810	859	7	this	this	DET
ajfa-11810	859	8	approach	approach	NOUN
ajfa-11810	859	9	when	when	SCONJ
ajfa-11810	859	10	log	log	NOUN
ajfa-11810	859	11	transforming	transform	VERB
ajfa-11810	859	12	variables	variable	NOUN
ajfa-11810	859	13	.	.	PUNCT
ajfa-11810	860	1	note	note	VERB
ajfa-11810	860	2	8	8	NUM
ajfa-11810	860	3	.	.	PUNCT
ajfa-11810	861	1	for	for	ADP
ajfa-11810	861	2	the	the	DET
ajfa-11810	861	3	purposes	purpose	NOUN
ajfa-11810	861	4	of	of	ADP
ajfa-11810	861	5	this	this	DET
ajfa-11810	861	6	research	research	NOUN
ajfa-11810	861	7	,	,	PUNCT
ajfa-11810	861	8	auditor	auditor	NOUN
ajfa-11810	861	9	specialization	specialization	NOUN
ajfa-11810	861	10	includes	include	VERB
ajfa-11810	861	11	auditors	auditor	NOUN
ajfa-11810	861	12	that	that	PRON
ajfa-11810	861	13	performed	perform	VERB
ajfa-11810	861	14	30	30	NUM
ajfa-11810	861	15	%	%	NOUN
ajfa-11810	861	16	or	or	CCONJ
ajfa-11810	861	17	more	more	ADJ
ajfa-11810	861	18	of	of	ADP
ajfa-11810	861	19	all	all	DET
ajfa-11810	861	20	reit	reit	NOUN
ajfa-11810	861	21	audits	audits	NOUN
ajfa-11810	861	22	in	in	ADP
ajfa-11810	861	23	the	the	DET
ajfa-11810	861	24	sample	sample	NOUN
ajfa-11810	861	25	.	.	PUNCT
ajfa-11810	862	1	table	table	NOUN
ajfa-11810	862	2	4	4	NUM
ajfa-11810	862	3	groups	group	NOUN
ajfa-11810	862	4	all	all	DET
ajfa-11810	862	5	reit	reit	NOUN
ajfa-11810	862	6	audits	audits	NOUN
ajfa-11810	862	7	by	by	ADP
ajfa-11810	862	8	audit	audit	NOUN
ajfa-11810	862	9	firm	firm	NOUN
ajfa-11810	862	10	,	,	PUNCT
ajfa-11810	862	11	total	total	ADJ
ajfa-11810	862	12	audit	audit	NOUN
ajfa-11810	862	13	fees	fee	NOUN
ajfa-11810	862	14	,	,	PUNCT
ajfa-11810	862	15	and	and	CCONJ
ajfa-11810	862	16	average	average	ADJ
ajfa-11810	862	17	audit	audit	NOUN
ajfa-11810	862	18	fees	fee	NOUN
ajfa-11810	862	19	.	.	PUNCT
ajfa-11810	863	1	of	of	ADP
ajfa-11810	863	2	the	the	DET
ajfa-11810	863	3	980	980	NUM
ajfa-11810	863	4	total	total	ADJ
ajfa-11810	863	5	reit	reit	NOUN
ajfa-11810	863	6	audits	audits	NOUN
ajfa-11810	863	7	performed	perform	VERB
ajfa-11810	863	8	in	in	ADP
ajfa-11810	863	9	the	the	DET
ajfa-11810	863	10	sample	sample	NOUN
ajfa-11810	863	11	,	,	PUNCT
ajfa-11810	863	12	ernst	ernst	PROPN
ajfa-11810	863	13	&	&	CCONJ
ajfa-11810	863	14	young	young	PROPN
ajfa-11810	863	15	,	,	PUNCT
ajfa-11810	863	16	llp	llp	PROPN
ajfa-11810	863	17	performed	perform	VERB
ajfa-11810	863	18	327	327	NUM
ajfa-11810	863	19	,	,	PUNCT
ajfa-11810	863	20	or	or	CCONJ
ajfa-11810	863	21	33.37	33.37	NUM
ajfa-11810	863	22	%	%	NOUN
ajfa-11810	863	23	.	.	PUNCT
ajfa-11810	864	1	all	all	DET
ajfa-11810	864	2	other	other	ADJ
ajfa-11810	864	3	auditors	auditor	NOUN
ajfa-11810	864	4	each	each	PRON
ajfa-11810	864	5	performed	perform	VERB
ajfa-11810	864	6	less	less	ADJ
ajfa-11810	864	7	than	than	ADP
ajfa-11810	864	8	18	18	NUM
ajfa-11810	864	9	%	%	NOUN
ajfa-11810	864	10	of	of	ADP
ajfa-11810	864	11	the	the	DET
ajfa-11810	864	12	total	total	ADJ
ajfa-11810	864	13	number	number	NOUN
ajfa-11810	864	14	of	of	ADP
ajfa-11810	864	15	reit	reit	PROPN
ajfa-11810	864	16	audits	audits	NOUN
ajfa-11810	864	17	in	in	ADP
ajfa-11810	864	18	the	the	DET
ajfa-11810	864	19	sample	sample	NOUN
ajfa-11810	864	20	.	.	PUNCT
ajfa-11810	865	1	auditor	auditor	NOUN
ajfa-11810	865	2	rank	rank	NOUN
ajfa-11810	865	3	order	order	NOUN
ajfa-11810	865	4	is	be	AUX
ajfa-11810	865	5	by	by	ADP
ajfa-11810	865	6	percentage	percentage	NOUN
ajfa-11810	865	7	of	of	ADP
ajfa-11810	865	8	reit	reit	PROPN
ajfa-11810	865	9	audits	audits	PROPN
ajfa-11810	865	10	performed	perform	VERB
ajfa-11810	865	11	.	.	PUNCT
ajfa-11810	866	1	note	note	VERB
ajfa-11810	866	2	9	9	NUM
ajfa-11810	866	3	.	.	PUNCT
ajfa-11810	867	1	the	the	DET
ajfa-11810	867	2	group	group	NOUN
ajfa-11810	867	3	of	of	ADP
ajfa-11810	867	4	audit	audit	NOUN
ajfa-11810	867	5	firms	firm	NOUN
ajfa-11810	867	6	currently	currently	ADV
ajfa-11810	867	7	known	know	VERB
ajfa-11810	867	8	as	as	ADP
ajfa-11810	867	9	the	the	DET
ajfa-11810	867	10	“	"	PUNCT
ajfa-11810	867	11	big	big	ADJ
ajfa-11810	867	12	4	4	NUM
ajfa-11810	867	13	”	"	PUNCT
ajfa-11810	867	14	includes	include	VERB
ajfa-11810	867	15	price	price	NOUN
ajfa-11810	867	16	waterhouse	waterhouse	NOUN
ajfa-11810	867	17	coopers	cooper	NOUN
ajfa-11810	867	18	,	,	PUNCT
ajfa-11810	867	19	llp	llp	PROPN
ajfa-11810	867	20	,	,	PUNCT
ajfa-11810	867	21	deloitte	deloitte	PROPN
ajfa-11810	867	22	&	&	CCONJ
ajfa-11810	867	23	touche	touche	PROPN
ajfa-11810	867	24	,	,	PUNCT
ajfa-11810	867	25	llp	llp	PROPN
ajfa-11810	867	26	,	,	PUNCT
ajfa-11810	867	27	ernst	ernst	PROPN
ajfa-11810	867	28	&	&	CCONJ
ajfa-11810	867	29	young	young	PROPN
ajfa-11810	867	30	,	,	PUNCT
ajfa-11810	867	31	llp	llp	PROPN
ajfa-11810	867	32	and	and	CCONJ
ajfa-11810	867	33	kpmg	kpmg	PROPN
ajfa-11810	867	34	,	,	PUNCT
ajfa-11810	867	35	llp	llp	PROPN
ajfa-11810	867	36	ranked	rank	VERB
ajfa-11810	867	37	1	1	NUM
ajfa-11810	867	38	through	through	ADP
ajfa-11810	867	39	4	4	NUM
ajfa-11810	867	40	based	base	VERB
ajfa-11810	867	41	on	on	ADP
ajfa-11810	867	42	annual	annual	ADJ
ajfa-11810	867	43	revenues	revenue	NOUN
ajfa-11810	867	44	,	,	PUNCT
ajfa-11810	867	45	respectively	respectively	ADV
ajfa-11810	867	46	(	(	PUNCT
ajfa-11810	867	47	www.big4.com	www.big4.com	X
ajfa-11810	867	48	,	,	PUNCT
ajfa-11810	867	49	2012	2012	NUM
ajfa-11810	867	50	)	)	PUNCT
ajfa-11810	867	51	.	.	PUNCT
ajfa-11810	868	1	note	note	VERB
ajfa-11810	868	2	10	10	NUM
ajfa-11810	868	3	.	.	PUNCT
ajfa-11810	869	1	ibid	ibid	NOUN
ajfa-11810	869	2	,	,	PUNCT
ajfa-11810	869	3	footnote	footnote	VERB
ajfa-11810	869	4	7	7	NUM
ajfa-11810	869	5	.	.	PUNCT
ajfa-11810	869	6	note	note	NOUN
ajfa-11810	869	7	11	11	NUM
ajfa-11810	869	8	.	.	PUNCT
ajfa-11810	870	1	ibid	ibid	NOUN
ajfa-11810	870	2	,	,	PUNCT
ajfa-11810	870	3	footnote	footnote	VERB
ajfa-11810	870	4	7	7	NUM
ajfa-11810	870	5	.	.	PUNCT
ajfa-11810	870	6	note	note	NOUN
ajfa-11810	870	7	12	12	NUM
ajfa-11810	870	8	.	.	PUNCT
ajfa-11810	871	1	ibid	ibid	NOUN
ajfa-11810	871	2	,	,	PUNCT
ajfa-11810	871	3	footnote	footnote	VERB
ajfa-11810	871	4	7	7	NUM
ajfa-11810	871	5	.	.	PUNCT
ajfa-11810	871	6	note	note	NOUN
ajfa-11810	871	7	13	13	NUM
ajfa-11810	871	8	.	.	PUNCT
ajfa-11810	872	1	ibid	ibid	NOUN
ajfa-11810	872	2	,	,	PUNCT
ajfa-11810	872	3	footnote	footnote	VERB
ajfa-11810	872	4	7	7	NUM
ajfa-11810	872	5	.	.	PUNCT
ajfa-11810	873	1	copyright	copyright	NOUN
ajfa-11810	873	2	disclaimer	disclaimer	ADJ
ajfa-11810	873	3	copyright	copyright	NOUN
ajfa-11810	873	4	for	for	ADP
ajfa-11810	873	5	this	this	DET
ajfa-11810	873	6	article	article	NOUN
ajfa-11810	873	7	is	be	AUX
ajfa-11810	873	8	retained	retain	VERB
ajfa-11810	873	9	by	by	ADP
ajfa-11810	873	10	the	the	DET
ajfa-11810	873	11	author(s	author(s	PROPN
ajfa-11810	873	12	)	)	PUNCT
ajfa-11810	873	13	,	,	PUNCT
ajfa-11810	873	14	with	with	ADP
ajfa-11810	873	15	first	first	ADJ
ajfa-11810	873	16	publication	publication	NOUN
ajfa-11810	873	17	rights	right	NOUN
ajfa-11810	873	18	granted	grant	VERB
ajfa-11810	873	19	to	to	ADP
ajfa-11810	873	20	the	the	DET
ajfa-11810	873	21	journal	journal	NOUN
ajfa-11810	873	22	.	.	PUNCT
ajfa-11810	874	1	this	this	PRON
ajfa-11810	874	2	is	be	AUX
ajfa-11810	874	3	an	an	DET
ajfa-11810	874	4	open	open	ADJ
ajfa-11810	874	5	-	-	PUNCT
ajfa-11810	874	6	access	access	NOUN
ajfa-11810	874	7	article	article	NOUN
ajfa-11810	874	8	distributed	distribute	VERB
ajfa-11810	874	9	under	under	ADP
ajfa-11810	874	10	the	the	DET
ajfa-11810	874	11	terms	term	NOUN
ajfa-11810	874	12	and	and	CCONJ
ajfa-11810	874	13	conditions	condition	NOUN
ajfa-11810	874	14	of	of	ADP
ajfa-11810	874	15	the	the	DET
ajfa-11810	874	16	creative	creative	ADJ
ajfa-11810	874	17	commons	common	NOUN
ajfa-11810	874	18	attribution	attribution	NOUN
ajfa-11810	874	19	license	license	NOUN
ajfa-11810	874	20	(	(	PUNCT
ajfa-11810	874	21	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajfa-11810	874	22	)	)	PUNCT
ajfa-11810	874	23	.	.	PUNCT