id	sid	tid	token	lemma	pos
ajfa-12237	1	1	microsoft	microsoft	PROPN
ajfa-12237	1	2	word	word	NOUN
ajfa-12237	1	3	12237	12237	NUM
ajfa-12237	1	4	-	-	SYM
ajfa-12237	1	5	45025	45025	NUM
ajfa-12237	1	6	-	-	PUNCT
ajfa-12237	1	7	1	1	NUM
ajfa-12237	1	8	-	-	PUNCT
ajfa-12237	1	9	sm	sm	NOUN
ajfa-12237	1	10	-	-	PUNCT
ajfa-12237	1	11	writer2	writer2	VERB
ajfa-12237	1	12	-	-	ADJ
ajfa-12237	1	13	new	new	ADJ
ajfa-12237	1	14	asian	asian	ADJ
ajfa-12237	1	15	journal	journal	NOUN
ajfa-12237	1	16	of	of	ADP
ajfa-12237	1	17	finance	finance	PROPN
ajfa-12237	1	18	&	&	CCONJ
ajfa-12237	1	19	accounting	accounting	PROPN
ajfa-12237	1	20	issn	issn	PROPN
ajfa-12237	1	21	1946	1946	NUM
ajfa-12237	1	22	-	-	PUNCT
ajfa-12237	1	23	052x	052x	PROPN
ajfa-12237	1	24	2017	2017	NUM
ajfa-12237	1	25	,	,	PUNCT
ajfa-12237	1	26	vol	vol	NOUN
ajfa-12237	1	27	.	.	NOUN
ajfa-12237	1	28	9	9	NUM
ajfa-12237	1	29	,	,	PUNCT
ajfa-12237	1	30	no	no	NOUN
ajfa-12237	1	31	.	.	NOUN
ajfa-12237	1	32	2	2	NUM
ajfa-12237	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	1	34	307	307	NUM
ajfa-12237	1	35	sme	sme	NOUN
ajfa-12237	1	36	growth	growth	NOUN
ajfa-12237	1	37	:	:	PUNCT
ajfa-12237	1	38	the	the	DET
ajfa-12237	1	39	role	role	NOUN
ajfa-12237	1	40	of	of	ADP
ajfa-12237	1	41	government	government	NOUN
ajfa-12237	1	42	grant	grant	NOUN
ajfa-12237	1	43	andrea	andrea	PROPN
ajfa-12237	1	44	quintiliani	quintiliani	PROPN
ajfa-12237	1	45	assistant	assistant	PROPN
ajfa-12237	1	46	professor	professor	PROPN
ajfa-12237	1	47	department	department	PROPN
ajfa-12237	1	48	of	of	ADP
ajfa-12237	1	49	law	law	PROPN
ajfa-12237	1	50	and	and	CCONJ
ajfa-12237	1	51	economic	economic	ADJ
ajfa-12237	1	52	sciences	science	NOUN
ajfa-12237	1	53	,	,	PUNCT
ajfa-12237	1	54	pegaso	pegaso	NOUN
ajfa-12237	1	55	telematic	telematic	ADJ
ajfa-12237	1	56	university	university	NOUN
ajfa-12237	1	57	,	,	PUNCT
ajfa-12237	1	58	naples	naples	PROPN
ajfa-12237	1	59	,	,	PUNCT
ajfa-12237	1	60	italy	italy	PROPN
ajfa-12237	1	61	e	e	PROPN
ajfa-12237	1	62	-	-	NOUN
ajfa-12237	1	63	mail	mail	NOUN
ajfa-12237	1	64	:	:	PUNCT
ajfa-12237	1	65	andrea.quintiliani@unipegaso.it	andrea.quintiliani@unipegaso.it	PROPN
ajfa-12237	1	66	received	receive	VERB
ajfa-12237	1	67	:	:	PUNCT
ajfa-12237	1	68	oct	oct	PROPN
ajfa-12237	1	69	.	.	PROPN
ajfa-12237	1	70	7	7	NUM
ajfa-12237	1	71	,	,	PUNCT
ajfa-12237	1	72	2017	2017	NUM
ajfa-12237	1	73	accepted	accept	VERB
ajfa-12237	1	74	:	:	PUNCT
ajfa-12237	1	75	nov	nov	PROPN
ajfa-12237	1	76	.	.	PROPN
ajfa-12237	1	77	24	24	NUM
ajfa-12237	1	78	,	,	PUNCT
ajfa-12237	1	79	2017	2017	NUM
ajfa-12237	1	80	published	publish	VERB
ajfa-12237	1	81	:	:	PUNCT
ajfa-12237	1	82	december	december	PROPN
ajfa-12237	1	83	1	1	NUM
ajfa-12237	1	84	,	,	PUNCT
ajfa-12237	1	85	2017	2017	NUM
ajfa-12237	1	86	doi:10.5296	doi:10.5296	NOUN
ajfa-12237	1	87	/	/	SYM
ajfa-12237	1	88	ajfa.v9i2.12237	ajfa.v9i2.12237	NUM
ajfa-12237	1	89	url	url	PROPN
ajfa-12237	1	90	:	:	PUNCT
ajfa-12237	1	91	https://doi.org/10.5296/ajfa.v9i2.12237	https://doi.org/10.5296/ajfa.v9i2.12237	PROPN
ajfa-12237	1	92	abstract	abstract	ADJ
ajfa-12237	1	93	the	the	DET
ajfa-12237	1	94	objectives	objective	NOUN
ajfa-12237	1	95	of	of	ADP
ajfa-12237	1	96	this	this	DET
ajfa-12237	1	97	research	research	NOUN
ajfa-12237	1	98	are	be	AUX
ajfa-12237	1	99	two	two	NUM
ajfa-12237	1	100	:	:	PUNCT
ajfa-12237	1	101	to	to	PART
ajfa-12237	1	102	understand	understand	VERB
ajfa-12237	1	103	,	,	PUNCT
ajfa-12237	1	104	if	if	SCONJ
ajfa-12237	1	105	government	government	NOUN
ajfa-12237	1	106	grants	grant	NOUN
ajfa-12237	1	107	create	create	VERB
ajfa-12237	1	108	favorable	favorable	ADJ
ajfa-12237	1	109	conditions	condition	NOUN
ajfa-12237	1	110	for	for	ADP
ajfa-12237	1	111	enterprises	enterprise	NOUN
ajfa-12237	1	112	which	which	PRON
ajfa-12237	1	113	mean	mean	VERB
ajfa-12237	1	114	to	to	PART
ajfa-12237	1	115	promote	promote	VERB
ajfa-12237	1	116	diversification	diversification	NOUN
ajfa-12237	1	117	process	process	NOUN
ajfa-12237	1	118	by	by	ADP
ajfa-12237	1	119	increasing	increase	VERB
ajfa-12237	1	120	range	range	NOUN
ajfa-12237	1	121	of	of	ADP
ajfa-12237	1	122	company	company	NOUN
ajfa-12237	1	123	products	product	NOUN
ajfa-12237	1	124	;	;	PUNCT
ajfa-12237	1	125	and	and	CCONJ
ajfa-12237	1	126	to	to	PART
ajfa-12237	1	127	understand	understand	VERB
ajfa-12237	1	128	if	if	SCONJ
ajfa-12237	1	129	diversification	diversification	NOUN
ajfa-12237	1	130	strategy	strategy	NOUN
ajfa-12237	1	131	,	,	PUNCT
ajfa-12237	1	132	stimulated	stimulate	VERB
ajfa-12237	1	133	by	by	ADP
ajfa-12237	1	134	public	public	ADJ
ajfa-12237	1	135	grants	grant	NOUN
ajfa-12237	1	136	,	,	PUNCT
ajfa-12237	1	137	can	can	AUX
ajfa-12237	1	138	lead	lead	VERB
ajfa-12237	1	139	to	to	ADP
ajfa-12237	1	140	a	a	DET
ajfa-12237	1	141	growth	growth	NOUN
ajfa-12237	1	142	of	of	ADP
ajfa-12237	1	143	company	company	NOUN
ajfa-12237	1	144	value	value	NOUN
ajfa-12237	1	145	.	.	PUNCT
ajfa-12237	2	1	this	this	DET
ajfa-12237	2	2	research	research	NOUN
ajfa-12237	2	3	is	be	AUX
ajfa-12237	2	4	carried	carry	VERB
ajfa-12237	2	5	out	out	ADP
ajfa-12237	2	6	through	through	ADP
ajfa-12237	2	7	the	the	DET
ajfa-12237	2	8	balance	balance	NOUN
ajfa-12237	2	9	sheets	sheet	NOUN
ajfa-12237	2	10	of	of	ADP
ajfa-12237	2	11	the	the	DET
ajfa-12237	2	12	data	data	NOUN
ajfa-12237	2	13	-	-	PUNCT
ajfa-12237	2	14	base	base	NOUN
ajfa-12237	2	15	aida	aida	NOUN
ajfa-12237	2	16	and	and	CCONJ
ajfa-12237	2	17	analysis	analysis	NOUN
ajfa-12237	2	18	of	of	ADP
ajfa-12237	2	19	questionnaires	questionnaire	NOUN
ajfa-12237	2	20	submitted	submit	VERB
ajfa-12237	2	21	to	to	ADP
ajfa-12237	2	22	a	a	DET
ajfa-12237	2	23	sample	sample	NOUN
ajfa-12237	2	24	of	of	ADP
ajfa-12237	2	25	100	100	NUM
ajfa-12237	2	26	small	small	ADJ
ajfa-12237	2	27	and	and	CCONJ
ajfa-12237	2	28	medium	medium	ADJ
ajfa-12237	2	29	-	-	PUNCT
ajfa-12237	2	30	sized	sized	ADJ
ajfa-12237	2	31	enterprises	enterprise	NOUN
ajfa-12237	2	32	located	locate	VERB
ajfa-12237	2	33	in	in	ADP
ajfa-12237	2	34	molise	molise	PROPN
ajfa-12237	2	35	region	region	PROPN
ajfa-12237	2	36	(	(	PUNCT
ajfa-12237	2	37	italy	italy	PROPN
ajfa-12237	2	38	)	)	PUNCT
ajfa-12237	2	39	,	,	PUNCT
ajfa-12237	2	40	operating	operate	VERB
ajfa-12237	2	41	in	in	ADP
ajfa-12237	2	42	the	the	DET
ajfa-12237	2	43	agro	agro	ADJ
ajfa-12237	2	44	-	-	PUNCT
ajfa-12237	2	45	alimentary	alimentary	ADJ
ajfa-12237	2	46	sector	sector	NOUN
ajfa-12237	2	47	,	,	PUNCT
ajfa-12237	2	48	and	and	CCONJ
ajfa-12237	2	49	which	which	PRON
ajfa-12237	2	50	benefited	benefit	VERB
ajfa-12237	2	51	from	from	ADP
ajfa-12237	2	52	public	public	ADJ
ajfa-12237	2	53	grants	grant	NOUN
ajfa-12237	2	54	during	during	ADP
ajfa-12237	2	55	the	the	DET
ajfa-12237	2	56	period	period	NOUN
ajfa-12237	2	57	2007	2007	NUM
ajfa-12237	2	58	-	-	SYM
ajfa-12237	2	59	2008	2008	NUM
ajfa-12237	2	60	.	.	PUNCT
ajfa-12237	3	1	the	the	DET
ajfa-12237	3	2	analysis	analysis	NOUN
ajfa-12237	3	3	covering	cover	VERB
ajfa-12237	3	4	the	the	DET
ajfa-12237	3	5	period	period	NOUN
ajfa-12237	3	6	2003	2003	NUM
ajfa-12237	3	7	-	-	SYM
ajfa-12237	3	8	2014	2014	NUM
ajfa-12237	3	9	.	.	PUNCT
ajfa-12237	4	1	the	the	DET
ajfa-12237	4	2	empirical	empirical	ADJ
ajfa-12237	4	3	evidence	evidence	NOUN
ajfa-12237	4	4	from	from	ADP
ajfa-12237	4	5	january	january	PROPN
ajfa-12237	4	6	2003	2003	NUM
ajfa-12237	4	7	to	to	ADP
ajfa-12237	4	8	december	december	PROPN
ajfa-12237	4	9	2014	2014	NUM
ajfa-12237	4	10	indicates	indicate	VERB
ajfa-12237	4	11	a	a	DET
ajfa-12237	4	12	strong	strong	ADJ
ajfa-12237	4	13	relationship	relationship	NOUN
ajfa-12237	4	14	between	between	ADP
ajfa-12237	4	15	government	government	NOUN
ajfa-12237	4	16	grant	grant	NOUN
ajfa-12237	4	17	,	,	PUNCT
ajfa-12237	4	18	strategy	strategy	NOUN
ajfa-12237	4	19	diversification	diversification	NOUN
ajfa-12237	4	20	and	and	CCONJ
ajfa-12237	4	21	growth	growth	NOUN
ajfa-12237	4	22	of	of	ADP
ajfa-12237	4	23	enterprise	enterprise	NOUN
ajfa-12237	4	24	value	value	NOUN
ajfa-12237	4	25	.	.	PUNCT
ajfa-12237	5	1	it	it	PRON
ajfa-12237	5	2	should	should	AUX
ajfa-12237	5	3	be	be	AUX
ajfa-12237	5	4	emphasized	emphasize	VERB
ajfa-12237	5	5	that	that	SCONJ
ajfa-12237	5	6	present	present	ADJ
ajfa-12237	5	7	work	work	NOUN
ajfa-12237	5	8	limits	limit	VERB
ajfa-12237	5	9	its	its	PRON
ajfa-12237	5	10	field	field	NOUN
ajfa-12237	5	11	of	of	ADP
ajfa-12237	5	12	investigation	investigation	NOUN
ajfa-12237	5	13	to	to	ADP
ajfa-12237	5	14	a	a	DET
ajfa-12237	5	15	few	few	ADJ
ajfa-12237	5	16	variables	variable	NOUN
ajfa-12237	5	17	without	without	ADP
ajfa-12237	5	18	fully	fully	ADV
ajfa-12237	5	19	addressing	address	VERB
ajfa-12237	5	20	other	other	ADJ
ajfa-12237	5	21	elements	element	NOUN
ajfa-12237	5	22	of	of	ADP
ajfa-12237	5	23	uncertainty	uncertainty	NOUN
ajfa-12237	5	24	that	that	PRON
ajfa-12237	5	25	may	may	AUX
ajfa-12237	5	26	adversely	adversely	ADV
ajfa-12237	5	27	affect	affect	VERB
ajfa-12237	5	28	on	on	ADP
ajfa-12237	5	29	sme	sme	PROPN
ajfa-12237	5	30	’s	’s	PART
ajfa-12237	5	31	eva	eva	PROPN
ajfa-12237	5	32	.	.	PUNCT
ajfa-12237	6	1	this	this	DET
ajfa-12237	6	2	work	work	NOUN
ajfa-12237	6	3	will	will	AUX
ajfa-12237	6	4	be	be	AUX
ajfa-12237	6	5	useful	useful	ADJ
ajfa-12237	6	6	to	to	PART
ajfa-12237	6	7	stimulate	stimulate	VERB
ajfa-12237	6	8	debate	debate	NOUN
ajfa-12237	6	9	on	on	ADP
ajfa-12237	6	10	policies	policy	NOUN
ajfa-12237	6	11	to	to	PART
ajfa-12237	6	12	support	support	VERB
ajfa-12237	6	13	smes	sme	NOUN
ajfa-12237	6	14	.	.	PUNCT
ajfa-12237	7	1	the	the	DET
ajfa-12237	7	2	originality	originality	NOUN
ajfa-12237	7	3	of	of	ADP
ajfa-12237	7	4	this	this	DET
ajfa-12237	7	5	study	study	NOUN
ajfa-12237	7	6	is	be	AUX
ajfa-12237	7	7	the	the	DET
ajfa-12237	7	8	correlation	correlation	NOUN
ajfa-12237	7	9	between	between	ADP
ajfa-12237	7	10	public	public	ADJ
ajfa-12237	7	11	grants	grant	NOUN
ajfa-12237	7	12	,	,	PUNCT
ajfa-12237	7	13	corporate	corporate	ADJ
ajfa-12237	7	14	strategies	strategy	NOUN
ajfa-12237	7	15	and	and	CCONJ
ajfa-12237	7	16	added	add	VERB
ajfa-12237	7	17	economic	economic	ADJ
ajfa-12237	7	18	value	value	NOUN
ajfa-12237	7	19	.	.	PUNCT
ajfa-12237	8	1	keywords	keyword	NOUN
ajfa-12237	8	2	:	:	PUNCT
ajfa-12237	8	3	diversification	diversification	NOUN
ajfa-12237	8	4	strategy	strategy	NOUN
ajfa-12237	8	5	,	,	PUNCT
ajfa-12237	8	6	financial	financial	ADJ
ajfa-12237	8	7	performance	performance	NOUN
ajfa-12237	8	8	,	,	PUNCT
ajfa-12237	8	9	government	government	NOUN
ajfa-12237	8	10	grant	grant	NOUN
ajfa-12237	8	11	,	,	PUNCT
ajfa-12237	8	12	eva	eva	PROPN
ajfa-12237	8	13	,	,	PUNCT
ajfa-12237	8	14	enterprise	enterprise	NOUN
ajfa-12237	8	15	value	value	NOUN
ajfa-12237	8	16	jel	jel	PROPN
ajfa-12237	8	17	classification	classification	NOUN
ajfa-12237	8	18	:	:	PUNCT
ajfa-12237	8	19	g32	g32	NOUN
ajfa-12237	8	20	,	,	PUNCT
ajfa-12237	8	21	g38	g38	NOUN
ajfa-12237	8	22	,	,	PUNCT
ajfa-12237	8	23	l25	l25	NOUN
ajfa-12237	8	24	asian	asian	ADJ
ajfa-12237	8	25	journal	journal	PROPN
ajfa-12237	8	26	of	of	ADP
ajfa-12237	8	27	finance	finance	PROPN
ajfa-12237	8	28	&	&	CCONJ
ajfa-12237	8	29	accounting	accounting	PROPN
ajfa-12237	8	30	issn	issn	PROPN
ajfa-12237	8	31	1946	1946	NUM
ajfa-12237	8	32	-	-	PUNCT
ajfa-12237	8	33	052x	052x	PROPN
ajfa-12237	8	34	2017	2017	NUM
ajfa-12237	8	35	,	,	PUNCT
ajfa-12237	8	36	vol	vol	NOUN
ajfa-12237	8	37	.	.	NOUN
ajfa-12237	8	38	9	9	NUM
ajfa-12237	8	39	,	,	PUNCT
ajfa-12237	8	40	no	no	NOUN
ajfa-12237	8	41	.	.	NOUN
ajfa-12237	8	42	2	2	NUM
ajfa-12237	8	43	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	8	44	308	308	NUM
ajfa-12237	8	45	1	1	NUM
ajfa-12237	8	46	.	.	PUNCT
ajfa-12237	9	1	introduction	introduction	NOUN
ajfa-12237	9	2	in	in	ADP
ajfa-12237	9	3	business	business	NOUN
ajfa-12237	9	4	literature	literature	NOUN
ajfa-12237	9	5	there	there	PRON
ajfa-12237	9	6	is	be	VERB
ajfa-12237	9	7	a	a	DET
ajfa-12237	9	8	significant	significant	ADJ
ajfa-12237	9	9	presence	presence	NOUN
ajfa-12237	9	10	of	of	ADP
ajfa-12237	9	11	studies	study	NOUN
ajfa-12237	9	12	regarding	regard	VERB
ajfa-12237	9	13	product	product	NOUN
ajfa-12237	9	14	differentiation	differentiation	NOUN
ajfa-12237	9	15	and	and	CCONJ
ajfa-12237	9	16	optimizing	optimize	VERB
ajfa-12237	9	17	resources	resource	NOUN
ajfa-12237	9	18	to	to	PART
ajfa-12237	9	19	attain	attain	VERB
ajfa-12237	9	20	it	it	PRON
ajfa-12237	9	21	,	,	PUNCT
ajfa-12237	9	22	as	as	SCONJ
ajfa-12237	9	23	diversification	diversification	NOUN
ajfa-12237	9	24	is	be	AUX
ajfa-12237	9	25	too	too	ADV
ajfa-12237	9	26	expensive	expensive	ADJ
ajfa-12237	9	27	to	to	PART
ajfa-12237	9	28	carry	carry	VERB
ajfa-12237	9	29	out	out	ADP
ajfa-12237	9	30	and	and	CCONJ
ajfa-12237	9	31	often	often	ADV
ajfa-12237	9	32	requires	require	VERB
ajfa-12237	9	33	vast	vast	ADJ
ajfa-12237	9	34	resources	resource	NOUN
ajfa-12237	9	35	(	(	PUNCT
ajfa-12237	9	36	internal	internal	ADJ
ajfa-12237	9	37	and	and	CCONJ
ajfa-12237	9	38	external	external	ADJ
ajfa-12237	9	39	)	)	PUNCT
ajfa-12237	9	40	.	.	PUNCT
ajfa-12237	10	1	however	however	ADV
ajfa-12237	10	2	,	,	PUNCT
ajfa-12237	10	3	the	the	DET
ajfa-12237	10	4	analyses	analysis	NOUN
ajfa-12237	10	5	which	which	PRON
ajfa-12237	10	6	investigate	investigate	VERB
ajfa-12237	10	7	the	the	DET
ajfa-12237	10	8	role	role	NOUN
ajfa-12237	10	9	of	of	ADP
ajfa-12237	10	10	financing	financing	NOUN
ajfa-12237	10	11	of	of	ADP
ajfa-12237	10	12	these	these	DET
ajfa-12237	10	13	diversification	diversification	NOUN
ajfa-12237	10	14	strategies	strategy	NOUN
ajfa-12237	10	15	,	,	PUNCT
ajfa-12237	10	16	has	have	AUX
ajfa-12237	10	17	been	be	AUX
ajfa-12237	10	18	less	less	ADV
ajfa-12237	10	19	explored	explore	VERB
ajfa-12237	10	20	.	.	PUNCT
ajfa-12237	11	1	as	as	ADP
ajfa-12237	11	2	a	a	DET
ajfa-12237	11	3	result	result	NOUN
ajfa-12237	11	4	,	,	PUNCT
ajfa-12237	11	5	it	it	PRON
ajfa-12237	11	6	seemed	seem	VERB
ajfa-12237	11	7	interesting	interesting	ADJ
ajfa-12237	11	8	to	to	PART
ajfa-12237	11	9	examine	examine	VERB
ajfa-12237	11	10	the	the	DET
ajfa-12237	11	11	links	link	NOUN
ajfa-12237	11	12	between	between	ADP
ajfa-12237	11	13	the	the	DET
ajfa-12237	11	14	politics	politic	NOUN
ajfa-12237	11	15	of	of	ADP
ajfa-12237	11	16	diversification	diversification	NOUN
ajfa-12237	11	17	and	and	CCONJ
ajfa-12237	11	18	the	the	DET
ajfa-12237	11	19	characteristics	characteristic	NOUN
ajfa-12237	11	20	of	of	ADP
ajfa-12237	11	21	the	the	DET
ajfa-12237	11	22	financial	financial	ADJ
ajfa-12237	11	23	resources	resource	NOUN
ajfa-12237	11	24	,	,	PUNCT
ajfa-12237	11	25	which	which	PRON
ajfa-12237	11	26	they	they	PRON
ajfa-12237	11	27	sustained	sustain	VERB
ajfa-12237	11	28	with	with	ADP
ajfa-12237	11	29	a	a	DET
ajfa-12237	11	30	particular	particular	ADJ
ajfa-12237	11	31	regard	regard	NOUN
ajfa-12237	11	32	to	to	ADP
ajfa-12237	11	33	government	government	NOUN
ajfa-12237	11	34	grant	grant	NOUN
ajfa-12237	11	35	.	.	PUNCT
ajfa-12237	12	1	most	most	ADV
ajfa-12237	12	2	famous	famous	ADJ
ajfa-12237	12	3	studies	study	NOUN
ajfa-12237	12	4	have	have	AUX
ajfa-12237	12	5	demonstrated	demonstrate	VERB
ajfa-12237	12	6	that	that	SCONJ
ajfa-12237	12	7	financing	financing	NOUN
ajfa-12237	12	8	decisions	decision	NOUN
ajfa-12237	12	9	could	could	AUX
ajfa-12237	12	10	be	be	AUX
ajfa-12237	12	11	“	"	PUNCT
ajfa-12237	12	12	irrelevant	irrelevant	ADJ
ajfa-12237	12	13	”	"	PUNCT
ajfa-12237	12	14	in	in	ADP
ajfa-12237	12	15	the	the	DET
ajfa-12237	12	16	process	process	NOUN
ajfa-12237	12	17	of	of	ADP
ajfa-12237	12	18	company	company	NOUN
ajfa-12237	12	19	strategies	strategy	NOUN
ajfa-12237	12	20	(	(	PUNCT
ajfa-12237	12	21	modigliani	modigliani	NOUN
ajfa-12237	12	22	and	and	CCONJ
ajfa-12237	12	23	miller	miller	PROPN
ajfa-12237	12	24	,	,	PUNCT
ajfa-12237	12	25	1958	1958	NUM
ajfa-12237	12	26	)	)	PUNCT
ajfa-12237	12	27	,	,	PUNCT
ajfa-12237	12	28	but	but	CCONJ
ajfa-12237	12	29	a	a	DET
ajfa-12237	12	30	change	change	NOUN
ajfa-12237	12	31	in	in	ADP
ajfa-12237	12	32	the	the	DET
ajfa-12237	12	33	company	company	NOUN
ajfa-12237	12	34	working	working	NOUN
ajfa-12237	12	35	conditions	condition	NOUN
ajfa-12237	12	36	has	have	AUX
ajfa-12237	12	37	shown	show	VERB
ajfa-12237	12	38	that	that	SCONJ
ajfa-12237	12	39	these	these	DET
ajfa-12237	12	40	decisions	decision	NOUN
ajfa-12237	12	41	can	can	AUX
ajfa-12237	12	42	affect	affect	VERB
ajfa-12237	12	43	the	the	DET
ajfa-12237	12	44	value	value	NOUN
ajfa-12237	12	45	of	of	ADP
ajfa-12237	12	46	the	the	DET
ajfa-12237	12	47	company	company	NOUN
ajfa-12237	12	48	,	,	PUNCT
ajfa-12237	12	49	because	because	SCONJ
ajfa-12237	12	50	of	of	ADP
ajfa-12237	12	51	market	market	NOUN
ajfa-12237	12	52	imperfections	imperfection	NOUN
ajfa-12237	12	53	,	,	PUNCT
ajfa-12237	12	54	highlighting	highlight	VERB
ajfa-12237	12	55	the	the	DET
ajfa-12237	12	56	role	role	NOUN
ajfa-12237	12	57	of	of	ADP
ajfa-12237	12	58	finance	finance	NOUN
ajfa-12237	12	59	in	in	ADP
ajfa-12237	12	60	the	the	DET
ajfa-12237	12	61	implementation	implementation	NOUN
ajfa-12237	12	62	of	of	ADP
ajfa-12237	12	63	business	business	NOUN
ajfa-12237	12	64	strategies	strategy	NOUN
ajfa-12237	12	65	(	(	PUNCT
ajfa-12237	12	66	myers	myer	NOUN
ajfa-12237	12	67	and	and	CCONJ
ajfa-12237	12	68	majluf	majluf	NOUN
ajfa-12237	12	69	,	,	PUNCT
ajfa-12237	12	70	1984	1984	NUM
ajfa-12237	12	71	)	)	PUNCT
ajfa-12237	12	72	.	.	PUNCT
ajfa-12237	13	1	a	a	DET
ajfa-12237	13	2	large	large	ADJ
ajfa-12237	13	3	number	number	NOUN
ajfa-12237	13	4	of	of	ADP
ajfa-12237	13	5	studies	study	NOUN
ajfa-12237	13	6	have	have	AUX
ajfa-12237	13	7	supported	support	VERB
ajfa-12237	13	8	a	a	DET
ajfa-12237	13	9	link	link	NOUN
ajfa-12237	13	10	between	between	ADP
ajfa-12237	13	11	decisions	decision	NOUN
ajfa-12237	13	12	and	and	CCONJ
ajfa-12237	13	13	financing	financing	NOUN
ajfa-12237	13	14	sources	source	NOUN
ajfa-12237	13	15	in	in	ADP
ajfa-12237	13	16	the	the	DET
ajfa-12237	13	17	formulation	formulation	NOUN
ajfa-12237	13	18	of	of	ADP
ajfa-12237	13	19	a	a	DET
ajfa-12237	13	20	business	business	NOUN
ajfa-12237	13	21	strategy	strategy	NOUN
ajfa-12237	13	22	(	(	PUNCT
ajfa-12237	13	23	barton	barton	PROPN
ajfa-12237	13	24	and	and	CCONJ
ajfa-12237	13	25	gordon	gordon	PROPN
ajfa-12237	13	26	,	,	PUNCT
ajfa-12237	13	27	1988	1988	NUM
ajfa-12237	13	28	;	;	PUNCT
ajfa-12237	13	29	bromiley	bromiley	NOUN
ajfa-12237	13	30	,	,	PUNCT
ajfa-12237	13	31	1990	1990	NUM
ajfa-12237	13	32	;	;	PUNCT
ajfa-12237	13	33	chatterjee	chatterjee	NOUN
ajfa-12237	13	34	,	,	PUNCT
ajfa-12237	13	35	1990	1990	NUM
ajfa-12237	13	36	;	;	PUNCT
ajfa-12237	13	37	chatterjee	chatterjee	NOUN
ajfa-12237	13	38	and	and	CCONJ
ajfa-12237	13	39	wernerfelt	wernerfelt	PROPN
ajfa-12237	13	40	,	,	PUNCT
ajfa-12237	13	41	1991	1991	NUM
ajfa-12237	13	42	;	;	PUNCT
ajfa-12237	13	43	kochhar	kochhar	PROPN
ajfa-12237	13	44	,	,	PUNCT
ajfa-12237	13	45	1996	1996	NUM
ajfa-12237	13	46	)	)	PUNCT
ajfa-12237	13	47	enhancing	enhance	VERB
ajfa-12237	13	48	the	the	DET
ajfa-12237	13	49	importance	importance	NOUN
ajfa-12237	13	50	of	of	ADP
ajfa-12237	13	51	funding	funding	NOUN
ajfa-12237	13	52	in	in	ADP
ajfa-12237	13	53	firms	firm	NOUN
ajfa-12237	13	54	development	development	NOUN
ajfa-12237	13	55	strategies	strategy	NOUN
ajfa-12237	13	56	(	(	PUNCT
ajfa-12237	13	57	jensen	jensen	PROPN
ajfa-12237	13	58	,	,	PUNCT
ajfa-12237	13	59	1986	1986	NUM
ajfa-12237	13	60	)	)	PUNCT
ajfa-12237	13	61	.	.	PUNCT
ajfa-12237	14	1	on	on	ADP
ajfa-12237	14	2	the	the	DET
ajfa-12237	14	3	other	other	ADJ
ajfa-12237	14	4	hand	hand	NOUN
ajfa-12237	14	5	,	,	PUNCT
ajfa-12237	14	6	a	a	DET
ajfa-12237	14	7	series	series	NOUN
ajfa-12237	14	8	of	of	ADP
ajfa-12237	14	9	studies	study	NOUN
ajfa-12237	14	10	postulated	postulate	VERB
ajfa-12237	14	11	that	that	SCONJ
ajfa-12237	14	12	diversification	diversification	NOUN
ajfa-12237	14	13	is	be	AUX
ajfa-12237	14	14	not	not	PART
ajfa-12237	14	15	associated	associate	VERB
ajfa-12237	14	16	to	to	ADP
ajfa-12237	14	17	the	the	DET
ajfa-12237	14	18	type	type	NOUN
ajfa-12237	14	19	of	of	ADP
ajfa-12237	14	20	funding	funding	NOUN
ajfa-12237	14	21	(	(	PUNCT
ajfa-12237	14	22	ramanujam	ramanujam	NOUN
ajfa-12237	14	23	and	and	CCONJ
ajfa-12237	14	24	varadarajan	varadarajan	ADJ
ajfa-12237	14	25	,	,	PUNCT
ajfa-12237	14	26	1989	1989	NUM
ajfa-12237	14	27	;	;	PUNCT
ajfa-12237	14	28	chatterjee	chatterjee	NOUN
ajfa-12237	14	29	and	and	CCONJ
ajfa-12237	14	30	singh	singh	PROPN
ajfa-12237	14	31	,	,	PUNCT
ajfa-12237	14	32	1995	1995	NUM
ajfa-12237	14	33	)	)	PUNCT
ajfa-12237	14	34	or	or	CCONJ
ajfa-12237	14	35	that	that	SCONJ
ajfa-12237	14	36	the	the	DET
ajfa-12237	14	37	nature	nature	NOUN
ajfa-12237	14	38	of	of	ADP
ajfa-12237	14	39	diversification	diversification	NOUN
ajfa-12237	14	40	depends	depend	VERB
ajfa-12237	14	41	,	,	PUNCT
ajfa-12237	14	42	in	in	ADP
ajfa-12237	14	43	part	part	NOUN
ajfa-12237	14	44	,	,	PUNCT
ajfa-12237	14	45	on	on	ADP
ajfa-12237	14	46	the	the	DET
ajfa-12237	14	47	financing	financing	NOUN
ajfa-12237	14	48	sources	source	NOUN
ajfa-12237	14	49	available	available	ADJ
ajfa-12237	14	50	to	to	ADP
ajfa-12237	14	51	the	the	DET
ajfa-12237	14	52	firm	firm	NOUN
ajfa-12237	14	53	(	(	PUNCT
ajfa-12237	14	54	chatterjee	chatterjee	PROPN
ajfa-12237	14	55	and	and	CCONJ
ajfa-12237	14	56	wernerfelt	wernerfelt	PROPN
ajfa-12237	14	57	,	,	PUNCT
ajfa-12237	14	58	1991	1991	NUM
ajfa-12237	14	59	)	)	PUNCT
ajfa-12237	14	60	.	.	PUNCT
ajfa-12237	15	1	given	give	VERB
ajfa-12237	15	2	the	the	DET
ajfa-12237	15	3	necessity	necessity	NOUN
ajfa-12237	15	4	and	and	CCONJ
ajfa-12237	15	5	the	the	DET
ajfa-12237	15	6	substantial	substantial	ADJ
ajfa-12237	15	7	endowment	endowment	NOUN
ajfa-12237	15	8	of	of	ADP
ajfa-12237	15	9	financing	financing	NOUN
ajfa-12237	15	10	sources	source	NOUN
ajfa-12237	15	11	required	require	VERB
ajfa-12237	15	12	by	by	ADP
ajfa-12237	15	13	a	a	DET
ajfa-12237	15	14	strategic	strategic	ADJ
ajfa-12237	15	15	process	process	NOUN
ajfa-12237	15	16	of	of	ADP
ajfa-12237	15	17	product	product	NOUN
ajfa-12237	15	18	differentiation	differentiation	NOUN
ajfa-12237	15	19	,	,	PUNCT
ajfa-12237	15	20	many	many	ADJ
ajfa-12237	15	21	companies	company	NOUN
ajfa-12237	15	22	must	must	AUX
ajfa-12237	15	23	turn	turn	VERB
ajfa-12237	15	24	to	to	ADP
ajfa-12237	15	25	external	external	ADJ
ajfa-12237	15	26	financing	financing	NOUN
ajfa-12237	15	27	.	.	PUNCT
ajfa-12237	16	1	finally	finally	ADV
ajfa-12237	16	2	,	,	PUNCT
ajfa-12237	16	3	from	from	ADP
ajfa-12237	16	4	a	a	DET
ajfa-12237	16	5	methodological	methodological	ADJ
ajfa-12237	16	6	point	point	NOUN
ajfa-12237	16	7	of	of	ADP
ajfa-12237	16	8	view	view	NOUN
ajfa-12237	16	9	,	,	PUNCT
ajfa-12237	16	10	the	the	DET
ajfa-12237	16	11	importance	importance	NOUN
ajfa-12237	16	12	of	of	ADP
ajfa-12237	16	13	studies	study	NOUN
ajfa-12237	16	14	analyzing	analyze	VERB
ajfa-12237	16	15	the	the	DET
ajfa-12237	16	16	company	company	NOUN
ajfa-12237	16	17	value	value	NOUN
ajfa-12237	16	18	generated	generate	VERB
ajfa-12237	16	19	by	by	ADP
ajfa-12237	16	20	diversification	diversification	NOUN
ajfa-12237	16	21	(	(	PUNCT
ajfa-12237	16	22	guatri	guatri	NOUN
ajfa-12237	16	23	,	,	PUNCT
ajfa-12237	16	24	1991	1991	NUM
ajfa-12237	16	25	;	;	PUNCT
ajfa-12237	16	26	ezzamel	ezzamel	NOUN
ajfa-12237	16	27	,	,	PUNCT
ajfa-12237	16	28	1996	1996	NUM
ajfa-12237	16	29	;	;	PUNCT
ajfa-12237	16	30	donna	donna	PROPN
ajfa-12237	16	31	,	,	PUNCT
ajfa-12237	16	32	1999	1999	NUM
ajfa-12237	16	33	;	;	PUNCT
ajfa-12237	16	34	bennet	bennet	PROPN
ajfa-12237	16	35	stewart	stewart	PROPN
ajfa-12237	16	36	,	,	PUNCT
ajfa-12237	16	37	2000	2000	NUM
ajfa-12237	16	38	;	;	PUNCT
ajfa-12237	16	39	copeland	copeland	PROPN
ajfa-12237	16	40	et	et	PROPN
ajfa-12237	16	41	al	al	PROPN
ajfa-12237	16	42	.	.	PROPN
ajfa-12237	16	43	,	,	PUNCT
ajfa-12237	16	44	2002	2002	NUM
ajfa-12237	16	45	;	;	PUNCT
ajfa-12237	16	46	di	di	X
ajfa-12237	16	47	lazzaro	lazzaro	PROPN
ajfa-12237	16	48	,	,	PUNCT
ajfa-12237	16	49	2003	2003	NUM
ajfa-12237	16	50	;	;	PUNCT
ajfa-12237	16	51	lothian	lothian	PROPN
ajfa-12237	16	52	,	,	PUNCT
ajfa-12237	16	53	2005	2005	NUM
ajfa-12237	16	54	)	)	PUNCT
ajfa-12237	16	55	appears	appear	VERB
ajfa-12237	16	56	relevant	relevant	ADJ
ajfa-12237	16	57	because	because	SCONJ
ajfa-12237	16	58	the	the	DET
ajfa-12237	16	59	instruments	instrument	NOUN
ajfa-12237	16	60	for	for	ADP
ajfa-12237	16	61	measuring	measure	VERB
ajfa-12237	16	62	strategic	strategic	ADJ
ajfa-12237	16	63	performances	performance	NOUN
ajfa-12237	16	64	induced	induce	VERB
ajfa-12237	16	65	by	by	ADP
ajfa-12237	16	66	government	government	NOUN
ajfa-12237	16	67	grant	grant	NOUN
ajfa-12237	16	68	,	,	PUNCT
ajfa-12237	16	69	object	object	NOUN
ajfa-12237	16	70	of	of	ADP
ajfa-12237	16	71	the	the	DET
ajfa-12237	16	72	study	study	NOUN
ajfa-12237	16	73	,	,	PUNCT
ajfa-12237	16	74	can	can	AUX
ajfa-12237	16	75	be	be	AUX
ajfa-12237	16	76	placed	place	VERB
ajfa-12237	16	77	in	in	ADP
ajfa-12237	16	78	this	this	DET
ajfa-12237	16	79	work	work	NOUN
ajfa-12237	16	80	.	.	PUNCT
ajfa-12237	17	1	in	in	ADP
ajfa-12237	17	2	this	this	DET
ajfa-12237	17	3	work	work	NOUN
ajfa-12237	17	4	we	we	PRON
ajfa-12237	17	5	use	use	VERB
ajfa-12237	17	6	economic	economic	ADJ
ajfa-12237	17	7	value	value	NOUN
ajfa-12237	17	8	added	add	VERB
ajfa-12237	17	9	(	(	PUNCT
ajfa-12237	17	10	eva	eva	PROPN
ajfa-12237	17	11	)	)	PUNCT
ajfa-12237	17	12	as	as	ADP
ajfa-12237	17	13	indicator	indicator	NOUN
ajfa-12237	17	14	of	of	ADP
ajfa-12237	17	15	performance	performance	NOUN
ajfa-12237	17	16	to	to	PART
ajfa-12237	17	17	evaluate	evaluate	VERB
ajfa-12237	17	18	the	the	DET
ajfa-12237	17	19	value	value	NOUN
ajfa-12237	17	20	generated	generate	VERB
ajfa-12237	17	21	by	by	ADP
ajfa-12237	17	22	corporate	corporate	ADJ
ajfa-12237	17	23	strategies	strategy	NOUN
ajfa-12237	17	24	.	.	PUNCT
ajfa-12237	18	1	economic	economic	ADJ
ajfa-12237	18	2	value	value	NOUN
ajfa-12237	18	3	added	add	VERB
ajfa-12237	18	4	is	be	AUX
ajfa-12237	18	5	an	an	DET
ajfa-12237	18	6	important	important	ADJ
ajfa-12237	18	7	indicator	indicator	NOUN
ajfa-12237	18	8	to	to	PART
ajfa-12237	18	9	measure	measure	VERB
ajfa-12237	18	10	the	the	DET
ajfa-12237	18	11	creation	creation	NOUN
ajfa-12237	18	12	of	of	ADP
ajfa-12237	18	13	current	current	ADJ
ajfa-12237	18	14	and	and	CCONJ
ajfa-12237	18	15	potential	potential	ADJ
ajfa-12237	18	16	value	value	NOUN
ajfa-12237	18	17	,	,	PUNCT
ajfa-12237	18	18	therefore	therefore	ADV
ajfa-12237	18	19	,	,	PUNCT
ajfa-12237	18	20	to	to	PART
ajfa-12237	18	21	give	give	VERB
ajfa-12237	18	22	concrete	concrete	ADJ
ajfa-12237	18	23	implementation	implementation	NOUN
ajfa-12237	18	24	to	to	ADP
ajfa-12237	18	25	the	the	DET
ajfa-12237	18	26	business	business	NOUN
ajfa-12237	18	27	strategies	strategy	NOUN
ajfa-12237	18	28	that	that	PRON
ajfa-12237	18	29	have	have	VERB
ajfa-12237	18	30	the	the	DET
ajfa-12237	18	31	founding	found	VERB
ajfa-12237	18	32	objective	objective	NOUN
ajfa-12237	18	33	in	in	ADP
ajfa-12237	18	34	the	the	DET
ajfa-12237	18	35	creation	creation	NOUN
ajfa-12237	18	36	of	of	ADP
ajfa-12237	18	37	value	value	NOUN
ajfa-12237	18	38	.	.	PUNCT
ajfa-12237	19	1	as	as	SCONJ
ajfa-12237	19	2	evidenced	evidence	VERB
ajfa-12237	19	3	by	by	ADP
ajfa-12237	19	4	study	study	NOUN
ajfa-12237	19	5	of	of	ADP
ajfa-12237	19	6	unnisa	unnisa	NOUN
ajfa-12237	19	7	and	and	CCONJ
ajfa-12237	19	8	janakiramudu	janakiramudu	NOUN
ajfa-12237	19	9	(	(	PUNCT
ajfa-12237	19	10	2014	2014	NUM
ajfa-12237	19	11	):	):	PUNCT
ajfa-12237	19	12	«	«	PUNCT
ajfa-12237	19	13	economic	economic	ADJ
ajfa-12237	19	14	value	value	NOUN
ajfa-12237	19	15	added	add	VERB
ajfa-12237	19	16	(	(	PUNCT
ajfa-12237	19	17	eva	eva	PROPN
ajfa-12237	19	18	)	)	PUNCT
ajfa-12237	19	19	is	be	AUX
ajfa-12237	19	20	the	the	DET
ajfa-12237	19	21	best	well	ADV
ajfa-12237	19	22	available	available	ADJ
ajfa-12237	19	23	measure	measure	NOUN
ajfa-12237	19	24	for	for	ADP
ajfa-12237	19	25	evaluating	evaluate	VERB
ajfa-12237	19	26	shareholders	shareholder	NOUN
ajfa-12237	19	27	value	value	NOUN
ajfa-12237	19	28	.	.	PUNCT
ajfa-12237	20	1	it	it	PRON
ajfa-12237	20	2	is	be	AUX
ajfa-12237	20	3	a	a	DET
ajfa-12237	20	4	measure	measure	NOUN
ajfa-12237	20	5	of	of	ADP
ajfa-12237	20	6	economic	economic	ADJ
ajfa-12237	20	7	profit	profit	NOUN
ajfa-12237	20	8	and	and	CCONJ
ajfa-12237	20	9	not	not	PART
ajfa-12237	20	10	accounting	accounting	NOUN
ajfa-12237	20	11	profit	profit	NOUN
ajfa-12237	20	12	.	.	PUNCT
ajfa-12237	21	1	eva	eva	PROPN
ajfa-12237	21	2	calculation	calculation	NOUN
ajfa-12237	21	3	shows	show	VERB
ajfa-12237	21	4	the	the	DET
ajfa-12237	21	5	difference	difference	NOUN
ajfa-12237	21	6	between	between	ADP
ajfa-12237	21	7	the	the	DET
ajfa-12237	21	8	cost	cost	NOUN
ajfa-12237	21	9	of	of	ADP
ajfa-12237	21	10	capital	capital	NOUN
ajfa-12237	21	11	and	and	CCONJ
ajfa-12237	21	12	the	the	DET
ajfa-12237	21	13	return	return	NOUN
ajfa-12237	21	14	on	on	ADP
ajfa-12237	21	15	that	that	DET
ajfa-12237	21	16	capital	capital	NOUN
ajfa-12237	21	17	.	.	PUNCT
ajfa-12237	22	1	the	the	DET
ajfa-12237	22	2	shareholders	shareholder	NOUN
ajfa-12237	22	3	of	of	ADP
ajfa-12237	22	4	the	the	DET
ajfa-12237	22	5	company	company	NOUN
ajfa-12237	22	6	invest	invest	VERB
ajfa-12237	22	7	with	with	ADP
ajfa-12237	22	8	the	the	DET
ajfa-12237	22	9	aim	aim	NOUN
ajfa-12237	22	10	of	of	ADP
ajfa-12237	22	11	getting	get	VERB
ajfa-12237	22	12	return	return	NOUN
ajfa-12237	22	13	and	and	CCONJ
ajfa-12237	22	14	increase	increase	VERB
ajfa-12237	22	15	in	in	ADP
ajfa-12237	22	16	the	the	DET
ajfa-12237	22	17	value	value	NOUN
ajfa-12237	22	18	»	»	NOUN
ajfa-12237	22	19	.	.	PUNCT
ajfa-12237	23	1	for	for	ADP
ajfa-12237	23	2	further	further	ADJ
ajfa-12237	23	3	information	information	NOUN
ajfa-12237	23	4	on	on	ADP
ajfa-12237	23	5	economic	economic	ADJ
ajfa-12237	23	6	value	value	NOUN
ajfa-12237	23	7	added	add	VERB
ajfa-12237	23	8	concept	concept	NOUN
ajfa-12237	23	9	,	,	PUNCT
ajfa-12237	23	10	following	follow	VERB
ajfa-12237	23	11	studies	study	NOUN
ajfa-12237	23	12	are	be	AUX
ajfa-12237	23	13	suggested	suggest	VERB
ajfa-12237	23	14	:	:	PUNCT
ajfa-12237	23	15	asian	asian	ADJ
ajfa-12237	23	16	journal	journal	NOUN
ajfa-12237	23	17	of	of	ADP
ajfa-12237	23	18	finance	finance	PROPN
ajfa-12237	23	19	&	&	CCONJ
ajfa-12237	23	20	accounting	accounting	PROPN
ajfa-12237	23	21	issn	issn	PROPN
ajfa-12237	23	22	1946	1946	NUM
ajfa-12237	23	23	-	-	PUNCT
ajfa-12237	23	24	052x	052x	PROPN
ajfa-12237	23	25	2017	2017	NUM
ajfa-12237	23	26	,	,	PUNCT
ajfa-12237	23	27	vol	vol	NOUN
ajfa-12237	23	28	.	.	NOUN
ajfa-12237	24	1	9	9	NUM
ajfa-12237	24	2	,	,	PUNCT
ajfa-12237	24	3	no	no	NOUN
ajfa-12237	24	4	.	.	NOUN
ajfa-12237	24	5	2	2	NUM
ajfa-12237	24	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	24	7	309	309	NUM
ajfa-12237	24	8	bennet	bennet	NOUN
ajfa-12237	24	9	stewart	stewart	PROPN
ajfa-12237	24	10	,	,	PUNCT
ajfa-12237	24	11	1991	1991	NUM
ajfa-12237	24	12	;	;	PUNCT
ajfa-12237	24	13	brealey	brealey	NOUN
ajfa-12237	24	14	and	and	CCONJ
ajfa-12237	24	15	myers	myer	NOUN
ajfa-12237	24	16	,	,	PUNCT
ajfa-12237	24	17	1991	1991	NUM
ajfa-12237	24	18	;	;	PUNCT
ajfa-12237	24	19	stern	stern	PROPN
ajfa-12237	24	20	et	et	PROPN
ajfa-12237	24	21	al	al	PROPN
ajfa-12237	24	22	.	.	PROPN
ajfa-12237	24	23	,	,	PUNCT
ajfa-12237	24	24	2001	2001	NUM
ajfa-12237	24	25	;	;	PUNCT
ajfa-12237	24	26	grant	grant	NOUN
ajfa-12237	24	27	,	,	PUNCT
ajfa-12237	24	28	2003	2003	NUM
ajfa-12237	24	29	;	;	PUNCT
ajfa-12237	24	30	ray	ray	NOUN
ajfa-12237	24	31	,	,	PUNCT
ajfa-12237	24	32	2012	2012	NUM
ajfa-12237	24	33	;	;	PUNCT
ajfa-12237	24	34	shil	shil	NOUN
ajfa-12237	24	35	,	,	PUNCT
ajfa-12237	24	36	2009	2009	NUM
ajfa-12237	24	37	)	)	PUNCT
ajfa-12237	24	38	.	.	PUNCT
ajfa-12237	25	1	based	base	VERB
ajfa-12237	25	2	on	on	ADP
ajfa-12237	25	3	aforementioned	aforementioned	ADJ
ajfa-12237	25	4	scenario	scenario	NOUN
ajfa-12237	25	5	this	this	DET
ajfa-12237	25	6	study	study	NOUN
ajfa-12237	25	7	focusing	focus	VERB
ajfa-12237	25	8	on	on	ADP
ajfa-12237	25	9	the	the	DET
ajfa-12237	25	10	analysis	analysis	NOUN
ajfa-12237	25	11	of	of	ADP
ajfa-12237	25	12	relationships	relationship	NOUN
ajfa-12237	25	13	between	between	ADP
ajfa-12237	25	14	diversification	diversification	NOUN
ajfa-12237	25	15	strategies	strategy	NOUN
ajfa-12237	25	16	,	,	PUNCT
ajfa-12237	25	17	government	government	NOUN
ajfa-12237	25	18	grant	grant	NOUN
ajfa-12237	25	19	and	and	CCONJ
ajfa-12237	25	20	company	company	NOUN
ajfa-12237	25	21	value	value	NOUN
ajfa-12237	25	22	.	.	PUNCT
ajfa-12237	26	1	in	in	ADP
ajfa-12237	26	2	particular	particular	ADJ
ajfa-12237	26	3	,	,	PUNCT
ajfa-12237	26	4	the	the	DET
ajfa-12237	26	5	following	follow	VERB
ajfa-12237	26	6	research	research	NOUN
ajfa-12237	26	7	questions	question	NOUN
ajfa-12237	26	8	are	be	AUX
ajfa-12237	26	9	formulated	formulate	VERB
ajfa-12237	26	10	as	as	ADP
ajfa-12237	26	11	below	below	ADV
ajfa-12237	26	12	:	:	PUNCT
ajfa-12237	26	13	1	1	X
ajfa-12237	26	14	)	)	PUNCT
ajfa-12237	26	15	is	be	AUX
ajfa-12237	26	16	there	there	PRON
ajfa-12237	26	17	a	a	DET
ajfa-12237	26	18	direct	direct	ADJ
ajfa-12237	26	19	relationship	relationship	NOUN
ajfa-12237	26	20	between	between	ADP
ajfa-12237	26	21	government	government	NOUN
ajfa-12237	26	22	grant	grant	NOUN
ajfa-12237	26	23	given	give	VERB
ajfa-12237	26	24	to	to	ADP
ajfa-12237	26	25	the	the	DET
ajfa-12237	26	26	firm	firm	NOUN
ajfa-12237	26	27	and	and	CCONJ
ajfa-12237	26	28	the	the	DET
ajfa-12237	26	29	diversification	diversification	NOUN
ajfa-12237	26	30	strategy	strategy	NOUN
ajfa-12237	26	31	adopted	adopt	VERB
ajfa-12237	26	32	?	?	PUNCT
ajfa-12237	27	1	2	2	X
ajfa-12237	27	2	)	)	PUNCT
ajfa-12237	27	3	is	be	AUX
ajfa-12237	27	4	it	it	PRON
ajfa-12237	27	5	possible	possible	ADJ
ajfa-12237	27	6	to	to	PART
ajfa-12237	27	7	measure	measure	VERB
ajfa-12237	27	8	quantitatively	quantitatively	ADV
ajfa-12237	27	9	the	the	DET
ajfa-12237	27	10	benefits	benefit	NOUN
ajfa-12237	27	11	that	that	PRON
ajfa-12237	27	12	diversification	diversification	NOUN
ajfa-12237	27	13	strategy	strategy	NOUN
ajfa-12237	27	14	can	can	AUX
ajfa-12237	27	15	bring	bring	VERB
ajfa-12237	27	16	to	to	ADP
ajfa-12237	27	17	the	the	DET
ajfa-12237	27	18	growth	growth	NOUN
ajfa-12237	27	19	of	of	ADP
ajfa-12237	27	20	company	company	NOUN
ajfa-12237	27	21	value	value	NOUN
ajfa-12237	27	22	?	?	PUNCT
ajfa-12237	28	1	2	2	X
ajfa-12237	28	2	.	.	X
ajfa-12237	28	3	method	method	VERB
ajfa-12237	28	4	this	this	DET
ajfa-12237	28	5	project	project	NOUN
ajfa-12237	28	6	,	,	PUNCT
ajfa-12237	28	7	initiated	initiate	VERB
ajfa-12237	28	8	in	in	ADP
ajfa-12237	28	9	2015	2015	NUM
ajfa-12237	28	10	,	,	PUNCT
ajfa-12237	28	11	analysed	analyse	VERB
ajfa-12237	28	12	a	a	DET
ajfa-12237	28	13	sample	sample	NOUN
ajfa-12237	28	14	of	of	ADP
ajfa-12237	28	15	enterprises	enterprise	NOUN
ajfa-12237	28	16	of	of	ADP
ajfa-12237	28	17	the	the	DET
ajfa-12237	28	18	molise	molise	PROPN
ajfa-12237	28	19	region	region	NOUN
ajfa-12237	28	20	,	,	PUNCT
ajfa-12237	28	21	operating	operate	VERB
ajfa-12237	28	22	in	in	ADP
ajfa-12237	28	23	the	the	DET
ajfa-12237	28	24	agro	agro	ADJ
ajfa-12237	28	25	-	-	PUNCT
ajfa-12237	28	26	alimentary	alimentary	ADJ
ajfa-12237	28	27	industry	industry	NOUN
ajfa-12237	28	28	,	,	PUNCT
ajfa-12237	28	29	to	to	PART
ajfa-12237	28	30	collect	collect	VERB
ajfa-12237	28	31	qualitative	qualitative	ADJ
ajfa-12237	28	32	data	datum	NOUN
ajfa-12237	28	33	such	such	ADJ
ajfa-12237	28	34	as	as	ADP
ajfa-12237	28	35	:	:	PUNCT
ajfa-12237	28	36	the	the	DET
ajfa-12237	28	37	institutional	institutional	ADJ
ajfa-12237	28	38	and	and	CCONJ
ajfa-12237	28	39	organisational	organisational	ADJ
ajfa-12237	28	40	set	set	NOUN
ajfa-12237	28	41	-	-	PUNCT
ajfa-12237	28	42	up	up	NOUN
ajfa-12237	28	43	,	,	PUNCT
ajfa-12237	28	44	the	the	DET
ajfa-12237	28	45	competitive	competitive	ADJ
ajfa-12237	28	46	level	level	NOUN
ajfa-12237	28	47	in	in	ADP
ajfa-12237	28	48	the	the	DET
ajfa-12237	28	49	markets	market	NOUN
ajfa-12237	28	50	,	,	PUNCT
ajfa-12237	28	51	development	development	NOUN
ajfa-12237	28	52	strategies	strategy	NOUN
ajfa-12237	28	53	and	and	CCONJ
ajfa-12237	28	54	the	the	DET
ajfa-12237	28	55	modalities	modality	NOUN
ajfa-12237	28	56	to	to	PART
ajfa-12237	28	57	access	access	VERB
ajfa-12237	28	58	government	government	NOUN
ajfa-12237	28	59	grants	grant	NOUN
ajfa-12237	28	60	.	.	PUNCT
ajfa-12237	29	1	qualitative	qualitative	ADJ
ajfa-12237	29	2	data	datum	NOUN
ajfa-12237	29	3	have	have	AUX
ajfa-12237	29	4	been	be	AUX
ajfa-12237	29	5	collected	collect	VERB
ajfa-12237	29	6	through	through	ADP
ajfa-12237	29	7	questionnaires	questionnaire	NOUN
ajfa-12237	29	8	.	.	PUNCT
ajfa-12237	30	1	the	the	DET
ajfa-12237	30	2	enterprises	enterprise	NOUN
ajfa-12237	30	3	,	,	PUNCT
ajfa-12237	30	4	which	which	PRON
ajfa-12237	30	5	participated	participate	VERB
ajfa-12237	30	6	in	in	ADP
ajfa-12237	30	7	this	this	DET
ajfa-12237	30	8	project	project	NOUN
ajfa-12237	30	9	,	,	PUNCT
ajfa-12237	30	10	belong	belong	VERB
ajfa-12237	30	11	to	to	ADP
ajfa-12237	30	12	a	a	DET
ajfa-12237	30	13	sample	sample	NOUN
ajfa-12237	30	14	of	of	ADP
ajfa-12237	30	15	180	180	NUM
ajfa-12237	30	16	companies	company	NOUN
ajfa-12237	30	17	selected	select	VERB
ajfa-12237	30	18	according	accord	VERB
ajfa-12237	30	19	to	to	ADP
ajfa-12237	30	20	the	the	DET
ajfa-12237	30	21	following	follow	VERB
ajfa-12237	30	22	research	research	NOUN
ajfa-12237	30	23	criteria	criterion	NOUN
ajfa-12237	30	24	:	:	PUNCT
ajfa-12237	30	25	a	a	X
ajfa-12237	30	26	)	)	PUNCT
ajfa-12237	30	27	the	the	DET
ajfa-12237	30	28	enterprises	enterprise	NOUN
ajfa-12237	30	29	were	be	AUX
ajfa-12237	30	30	working	work	VERB
ajfa-12237	30	31	in	in	ADP
ajfa-12237	30	32	the	the	DET
ajfa-12237	30	33	agro	agro	ADJ
ajfa-12237	30	34	-	-	PUNCT
ajfa-12237	30	35	alimentary	alimentary	ADJ
ajfa-12237	30	36	industry	industry	NOUN
ajfa-12237	30	37	;	;	PUNCT
ajfa-12237	30	38	b	b	X
ajfa-12237	30	39	)	)	PUNCT
ajfa-12237	30	40	they	they	PRON
ajfa-12237	30	41	were	be	AUX
ajfa-12237	30	42	operating	operate	VERB
ajfa-12237	30	43	between	between	ADP
ajfa-12237	30	44	2003	2003	NUM
ajfa-12237	30	45	and	and	CCONJ
ajfa-12237	30	46	2014	2014	NUM
ajfa-12237	30	47	;	;	PUNCT
ajfa-12237	30	48	c	c	X
ajfa-12237	30	49	)	)	PUNCT
ajfa-12237	30	50	they	they	PRON
ajfa-12237	30	51	were	be	AUX
ajfa-12237	30	52	not	not	PART
ajfa-12237	30	53	dependent	dependent	ADJ
ajfa-12237	30	54	by	by	ADP
ajfa-12237	30	55	parent	parent	NOUN
ajfa-12237	30	56	companies	company	NOUN
ajfa-12237	30	57	.	.	PUNCT
ajfa-12237	31	1	this	this	DET
ajfa-12237	31	2	further	further	ADJ
ajfa-12237	31	3	research	research	NOUN
ajfa-12237	31	4	key	key	NOUN
ajfa-12237	31	5	has	have	AUX
ajfa-12237	31	6	allowed	allow	VERB
ajfa-12237	31	7	the	the	DET
ajfa-12237	31	8	balance	balance	NOUN
ajfa-12237	31	9	sheet	sheet	NOUN
ajfa-12237	31	10	analyst	analyst	NOUN
ajfa-12237	31	11	to	to	PART
ajfa-12237	31	12	get	get	VERB
ajfa-12237	31	13	around	around	ADP
ajfa-12237	31	14	problems	problem	NOUN
ajfa-12237	31	15	related	relate	VERB
ajfa-12237	31	16	to	to	ADP
ajfa-12237	31	17	intra	intra	ADJ
ajfa-12237	31	18	-	-	ADJ
ajfa-12237	31	19	group	group	NOUN
ajfa-12237	31	20	transactions	transaction	NOUN
ajfa-12237	31	21	;	;	PUNCT
ajfa-12237	31	22	d	d	X
ajfa-12237	31	23	)	)	PUNCT
ajfa-12237	31	24	they	they	PRON
ajfa-12237	31	25	were	be	AUX
ajfa-12237	31	26	small	small	ADJ
ajfa-12237	31	27	and	and	CCONJ
ajfa-12237	31	28	medium	medium	ADJ
ajfa-12237	31	29	-	-	PUNCT
ajfa-12237	31	30	sized	sized	ADJ
ajfa-12237	31	31	.	.	PUNCT
ajfa-12237	32	1	all	all	PRON
ajfa-12237	32	2	of	of	ADP
ajfa-12237	32	3	the	the	DET
ajfa-12237	32	4	interviewed	interview	VERB
ajfa-12237	32	5	enterprises	enterprise	NOUN
ajfa-12237	32	6	respect	respect	VERB
ajfa-12237	32	7	quantitative	quantitative	ADJ
ajfa-12237	32	8	parameters	parameter	NOUN
ajfa-12237	32	9	imposed	impose	VERB
ajfa-12237	32	10	by	by	ADP
ajfa-12237	32	11	the	the	DET
ajfa-12237	32	12	european	european	PROPN
ajfa-12237	32	13	union	union	PROPN
ajfa-12237	32	14	for	for	ADP
ajfa-12237	32	15	the	the	DET
ajfa-12237	32	16	classification	classification	NOUN
ajfa-12237	32	17	of	of	ADP
ajfa-12237	32	18	small	small	ADJ
ajfa-12237	32	19	and	and	CCONJ
ajfa-12237	32	20	medium	medium	ADJ
ajfa-12237	32	21	-	-	PUNCT
ajfa-12237	32	22	sized	sized	ADJ
ajfa-12237	32	23	enterprises	enterprise	NOUN
ajfa-12237	32	24	(	(	PUNCT
ajfa-12237	32	25	number	number	NOUN
ajfa-12237	32	26	of	of	ADP
ajfa-12237	32	27	employees	employee	NOUN
ajfa-12237	32	28	under	under	ADP
ajfa-12237	32	29	250	250	NUM
ajfa-12237	32	30	and	and	CCONJ
ajfa-12237	32	31	turnover	turnover	NOUN
ajfa-12237	32	32	less	less	ADJ
ajfa-12237	32	33	than	than	ADP
ajfa-12237	32	34	40	40	NUM
ajfa-12237	32	35	million	million	NUM
ajfa-12237	32	36	euro	euro	NOUN
ajfa-12237	32	37	)	)	PUNCT
ajfa-12237	32	38	;	;	PUNCT
ajfa-12237	32	39	e	e	X
ajfa-12237	32	40	)	)	PUNCT
ajfa-12237	32	41	they	they	PRON
ajfa-12237	32	42	have	have	AUX
ajfa-12237	32	43	benefitted	benefit	VERB
ajfa-12237	32	44	from	from	ADP
ajfa-12237	32	45	government	government	NOUN
ajfa-12237	32	46	grants	grant	NOUN
ajfa-12237	32	47	in	in	ADP
ajfa-12237	32	48	the	the	DET
ajfa-12237	32	49	period	period	NOUN
ajfa-12237	32	50	2007	2007	NUM
ajfa-12237	32	51	-	-	SYM
ajfa-12237	32	52	2008	2008	NUM
ajfa-12237	32	53	(	(	PUNCT
ajfa-12237	32	54	interest	interest	NOUN
ajfa-12237	32	55	subsidies	subsidy	NOUN
ajfa-12237	32	56	,	,	PUNCT
ajfa-12237	32	57	operating	operating	NOUN
ajfa-12237	32	58	expenses	expense	NOUN
ajfa-12237	32	59	subsidies	subsidy	NOUN
ajfa-12237	32	60	,	,	PUNCT
ajfa-12237	32	61	capital	capital	NOUN
ajfa-12237	32	62	subsidies	subsidy	NOUN
ajfa-12237	32	63	and	and	CCONJ
ajfa-12237	32	64	investment	investment	NOUN
ajfa-12237	32	65	subsidies	subsidy	NOUN
ajfa-12237	32	66	)	)	PUNCT
ajfa-12237	32	67	.	.	PUNCT
ajfa-12237	33	1	the	the	DET
ajfa-12237	33	2	interest	interest	NOUN
ajfa-12237	33	3	subsidy	subsidy	NOUN
ajfa-12237	33	4	is	be	AUX
ajfa-12237	33	5	a	a	DET
ajfa-12237	33	6	benefit	benefit	NOUN
ajfa-12237	33	7	,	,	PUNCT
ajfa-12237	33	8	generally	generally	ADV
ajfa-12237	33	9	middle	middle	ADJ
ajfa-12237	33	10	or	or	CCONJ
ajfa-12237	33	11	long	long	ADJ
ajfa-12237	33	12	term	term	NOUN
ajfa-12237	33	13	,	,	PUNCT
ajfa-12237	33	14	conceded	concede	VERB
ajfa-12237	33	15	against	against	ADP
ajfa-12237	33	16	a	a	DET
ajfa-12237	33	17	financing	financing	NOUN
ajfa-12237	33	18	granted	grant	VERB
ajfa-12237	33	19	by	by	ADP
ajfa-12237	33	20	authorized	authorize	VERB
ajfa-12237	33	21	subjects	subject	NOUN
ajfa-12237	33	22	working	work	VERB
ajfa-12237	33	23	in	in	ADP
ajfa-12237	33	24	the	the	DET
ajfa-12237	33	25	banking	banking	NOUN
ajfa-12237	33	26	system	system	NOUN
ajfa-12237	33	27	.	.	PUNCT
ajfa-12237	34	1	it	it	PRON
ajfa-12237	34	2	can	can	AUX
ajfa-12237	34	3	be	be	AUX
ajfa-12237	34	4	issued	issue	VERB
ajfa-12237	34	5	in	in	ADP
ajfa-12237	34	6	two	two	NUM
ajfa-12237	34	7	ways	way	NOUN
ajfa-12237	34	8	.	.	PUNCT
ajfa-12237	35	1	in	in	ADP
ajfa-12237	35	2	the	the	DET
ajfa-12237	35	3	first	first	ADJ
ajfa-12237	35	4	case	case	NOUN
ajfa-12237	35	5	,	,	PUNCT
ajfa-12237	35	6	it	it	PRON
ajfa-12237	35	7	acts	act	VERB
ajfa-12237	35	8	upon	upon	SCONJ
ajfa-12237	35	9	the	the	DET
ajfa-12237	35	10	financial	financial	ADJ
ajfa-12237	35	11	contract	contract	NOUN
ajfa-12237	35	12	initially	initially	ADV
ajfa-12237	35	13	stipulated	stipulate	VERB
ajfa-12237	35	14	according	accord	VERB
ajfa-12237	35	15	to	to	ADP
ajfa-12237	35	16	market	market	NOUN
ajfa-12237	35	17	conditions	condition	NOUN
ajfa-12237	35	18	,	,	PUNCT
ajfa-12237	35	19	cutting	cut	VERB
ajfa-12237	35	20	down	down	ADP
ajfa-12237	35	21	interest	interest	NOUN
ajfa-12237	35	22	rates	rate	NOUN
ajfa-12237	35	23	.	.	PUNCT
ajfa-12237	36	1	in	in	ADP
ajfa-12237	36	2	the	the	DET
ajfa-12237	36	3	second	second	ADJ
ajfa-12237	36	4	case	case	NOUN
ajfa-12237	36	5	,	,	PUNCT
ajfa-12237	36	6	the	the	DET
ajfa-12237	36	7	financing	financing	NOUN
ajfa-12237	36	8	provides	provide	VERB
ajfa-12237	36	9	a	a	DET
ajfa-12237	36	10	soft	soft	ADJ
ajfa-12237	36	11	tax	tax	NOUN
ajfa-12237	36	12	from	from	ADP
ajfa-12237	36	13	the	the	DET
ajfa-12237	36	14	beginning	beginning	NOUN
ajfa-12237	36	15	.	.	PUNCT
ajfa-12237	37	1	subsidies	subsidy	NOUN
ajfa-12237	37	2	for	for	ADP
ajfa-12237	37	3	operating	operating	NOUN
ajfa-12237	37	4	costs	cost	NOUN
ajfa-12237	37	5	have	have	VERB
ajfa-12237	37	6	the	the	DET
ajfa-12237	37	7	function	function	NOUN
ajfa-12237	37	8	to	to	PART
ajfa-12237	37	9	cut	cut	VERB
ajfa-12237	37	10	down	down	ADP
ajfa-12237	37	11	on	on	ADP
ajfa-12237	37	12	operating	operating	NOUN
ajfa-12237	37	13	costs	cost	NOUN
ajfa-12237	37	14	,	,	PUNCT
ajfa-12237	37	15	capital	capital	NOUN
ajfa-12237	37	16	subsidies	subsidy	NOUN
ajfa-12237	37	17	aim	aim	VERB
ajfa-12237	37	18	to	to	PART
ajfa-12237	37	19	enlarge	enlarge	VERB
ajfa-12237	37	20	the	the	DET
ajfa-12237	37	21	enterprise	enterprise	NOUN
ajfa-12237	37	22	wealth	wealth	NOUN
ajfa-12237	37	23	but	but	CCONJ
ajfa-12237	37	24	do	do	AUX
ajfa-12237	37	25	not	not	PART
ajfa-12237	37	26	oblige	oblige	VERB
ajfa-12237	37	27	a	a	DET
ajfa-12237	37	28	specific	specific	ADJ
ajfa-12237	37	29	investment	investment	NOUN
ajfa-12237	37	30	while	while	SCONJ
ajfa-12237	37	31	investment	investment	NOUN
ajfa-12237	37	32	subsidies	subsidy	NOUN
ajfa-12237	37	33	are	be	AUX
ajfa-12237	37	34	granted	grant	VERB
ajfa-12237	37	35	specifically	specifically	ADV
ajfa-12237	37	36	in	in	ADP
ajfa-12237	37	37	relation	relation	NOUN
ajfa-12237	37	38	to	to	ADP
ajfa-12237	37	39	the	the	DET
ajfa-12237	37	40	acquisition	acquisition	NOUN
ajfa-12237	37	41	of	of	ADP
ajfa-12237	37	42	depreciable	depreciable	ADJ
ajfa-12237	37	43	assets	asset	NOUN
ajfa-12237	37	44	.	.	PUNCT
ajfa-12237	38	1	asian	asian	ADJ
ajfa-12237	38	2	journal	journal	PROPN
ajfa-12237	38	3	of	of	ADP
ajfa-12237	38	4	finance	finance	PROPN
ajfa-12237	38	5	&	&	CCONJ
ajfa-12237	38	6	accounting	accounting	PROPN
ajfa-12237	38	7	issn	issn	PROPN
ajfa-12237	38	8	1946	1946	NUM
ajfa-12237	38	9	-	-	PUNCT
ajfa-12237	38	10	052x	052x	PROPN
ajfa-12237	38	11	2017	2017	NUM
ajfa-12237	38	12	,	,	PUNCT
ajfa-12237	38	13	vol	vol	NOUN
ajfa-12237	38	14	.	.	NOUN
ajfa-12237	38	15	9	9	NUM
ajfa-12237	38	16	,	,	PUNCT
ajfa-12237	38	17	no	no	INTJ
ajfa-12237	38	18	.	.	NOUN
ajfa-12237	38	19	2	2	NUM
ajfa-12237	38	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	38	21	310	310	NUM
ajfa-12237	38	22	presently	presently	ADV
ajfa-12237	38	23	,	,	PUNCT
ajfa-12237	38	24	the	the	DET
ajfa-12237	38	25	research	research	NOUN
ajfa-12237	38	26	has	have	AUX
ajfa-12237	38	27	overall	overall	ADV
ajfa-12237	38	28	updated	update	VERB
ajfa-12237	38	29	the	the	DET
ajfa-12237	38	30	database	database	NOUN
ajfa-12237	38	31	of	of	ADP
ajfa-12237	38	32	100	100	NUM
ajfa-12237	38	33	enterprises	enterprise	NOUN
ajfa-12237	38	34	from	from	ADP
ajfa-12237	38	35	the	the	DET
ajfa-12237	38	36	molise	molise	PROPN
ajfa-12237	38	37	region	region	NOUN
ajfa-12237	38	38	while	while	SCONJ
ajfa-12237	38	39	for	for	ADP
ajfa-12237	38	40	the	the	DET
ajfa-12237	38	41	remaining	remain	VERB
ajfa-12237	38	42	80	80	NUM
ajfa-12237	38	43	enterprises	enterprise	NOUN
ajfa-12237	38	44	the	the	DET
ajfa-12237	38	45	interview	interview	NOUN
ajfa-12237	38	46	phase	phase	NOUN
ajfa-12237	38	47	has	have	VERB
ajfa-12237	38	48	yet	yet	ADV
ajfa-12237	38	49	to	to	PART
ajfa-12237	38	50	be	be	AUX
ajfa-12237	38	51	completed	complete	VERB
ajfa-12237	38	52	.	.	PUNCT
ajfa-12237	39	1	research	research	NOUN
ajfa-12237	39	2	data	datum	NOUN
ajfa-12237	39	3	were	be	AUX
ajfa-12237	39	4	collected	collect	VERB
ajfa-12237	39	5	using	use	VERB
ajfa-12237	39	6	questionnaires	questionnaire	NOUN
ajfa-12237	39	7	and	and	CCONJ
ajfa-12237	39	8	balance	balance	NOUN
ajfa-12237	39	9	sheets	sheet	NOUN
ajfa-12237	39	10	.	.	PUNCT
ajfa-12237	40	1	the	the	DET
ajfa-12237	40	2	questions	question	NOUN
ajfa-12237	40	3	on	on	ADP
ajfa-12237	40	4	the	the	DET
ajfa-12237	40	5	questionnaire	questionnaire	NOUN
ajfa-12237	40	6	with	with	ADP
ajfa-12237	40	7	fixed	fix	VERB
ajfa-12237	40	8	answers	answer	NOUN
ajfa-12237	40	9	were	be	AUX
ajfa-12237	40	10	directed	direct	VERB
ajfa-12237	40	11	to	to	PART
ajfa-12237	40	12	investigate	investigate	VERB
ajfa-12237	40	13	:	:	PUNCT
ajfa-12237	40	14	−	−	PUNCT
ajfa-12237	40	15	competitive	competitive	ADJ
ajfa-12237	40	16	characteristics	characteristic	NOUN
ajfa-12237	40	17	;	;	PUNCT
ajfa-12237	40	18	−	−	NUM
ajfa-12237	40	19	organizational	organizational	ADJ
ajfa-12237	40	20	structure	structure	NOUN
ajfa-12237	40	21	;	;	PUNCT
ajfa-12237	40	22	−	−	PROPN
ajfa-12237	40	23	adopted	adopt	VERB
ajfa-12237	40	24	development	development	NOUN
ajfa-12237	40	25	strategies	strategy	NOUN
ajfa-12237	40	26	;	;	PUNCT
ajfa-12237	40	27	−	−	NUM
ajfa-12237	40	28	qualitative	qualitative	ADJ
ajfa-12237	40	29	and	and	CCONJ
ajfa-12237	40	30	quantitative	quantitative	ADJ
ajfa-12237	40	31	variables	variable	NOUN
ajfa-12237	40	32	concerning	concern	VERB
ajfa-12237	40	33	government	government	NOUN
ajfa-12237	40	34	grants	grant	NOUN
ajfa-12237	40	35	.	.	PUNCT
ajfa-12237	41	1	3	3	X
ajfa-12237	41	2	.	.	X
ajfa-12237	41	3	results	result	VERB
ajfa-12237	41	4	the	the	DET
ajfa-12237	41	5	quantitative	quantitative	ADJ
ajfa-12237	41	6	analysis	analysis	NOUN
ajfa-12237	41	7	of	of	ADP
ajfa-12237	41	8	the	the	DET
ajfa-12237	41	9	enterprise	enterprise	NOUN
ajfa-12237	41	10	balance	balance	NOUN
ajfa-12237	41	11	sheet	sheet	NOUN
ajfa-12237	41	12	.	.	PUNCT
ajfa-12237	42	1	in	in	SCONJ
ajfa-12237	42	2	order	order	NOUN
ajfa-12237	42	3	to	to	PART
ajfa-12237	42	4	develop	develop	VERB
ajfa-12237	42	5	the	the	DET
ajfa-12237	42	6	quantitative	quantitative	ADJ
ajfa-12237	42	7	analyses	analysis	NOUN
ajfa-12237	42	8	of	of	ADP
ajfa-12237	42	9	the	the	DET
ajfa-12237	42	10	study	study	NOUN
ajfa-12237	42	11	,	,	PUNCT
ajfa-12237	42	12	a	a	DET
ajfa-12237	42	13	known	know	VERB
ajfa-12237	42	14	method	method	NOUN
ajfa-12237	42	15	of	of	ADP
ajfa-12237	42	16	calculating	calculate	VERB
ajfa-12237	42	17	company	company	NOUN
ajfa-12237	42	18	value	value	NOUN
ajfa-12237	42	19	eva	eva	PROPN
ajfa-12237	42	20	economic	economic	ADJ
ajfa-12237	42	21	value	value	NOUN
ajfa-12237	42	22	added	add	VERB
ajfa-12237	42	23	–	–	PUNCT
ajfa-12237	42	24	has	have	AUX
ajfa-12237	42	25	been	be	AUX
ajfa-12237	42	26	used	use	VERB
ajfa-12237	42	27	(	(	PUNCT
ajfa-12237	42	28	bennet	bennet	PROPN
ajfa-12237	42	29	stewart	stewart	PROPN
ajfa-12237	42	30	,	,	PUNCT
ajfa-12237	42	31	2000	2000	NUM
ajfa-12237	42	32	)	)	PUNCT
ajfa-12237	42	33	.	.	PUNCT
ajfa-12237	43	1	the	the	DET
ajfa-12237	43	2	fundamental	fundamental	ADJ
ajfa-12237	43	3	concept	concept	NOUN
ajfa-12237	43	4	,	,	PUNCT
ajfa-12237	43	5	on	on	ADP
ajfa-12237	43	6	which	which	PRON
ajfa-12237	43	7	modern	modern	ADJ
ajfa-12237	43	8	financial	financial	ADJ
ajfa-12237	43	9	theory	theory	NOUN
ajfa-12237	43	10	is	be	AUX
ajfa-12237	43	11	based	base	VERB
ajfa-12237	43	12	,	,	PUNCT
ajfa-12237	43	13	is	be	AUX
ajfa-12237	43	14	that	that	SCONJ
ajfa-12237	43	15	an	an	DET
ajfa-12237	43	16	enterprise	enterprise	NOUN
ajfa-12237	43	17	is	be	AUX
ajfa-12237	43	18	economically	economically	ADV
ajfa-12237	43	19	profitable	profitable	ADJ
ajfa-12237	43	20	if	if	SCONJ
ajfa-12237	43	21	it	it	PRON
ajfa-12237	43	22	produces	produce	VERB
ajfa-12237	43	23	a	a	DET
ajfa-12237	43	24	superior	superior	ADJ
ajfa-12237	43	25	return	return	NOUN
ajfa-12237	43	26	to	to	ADP
ajfa-12237	43	27	the	the	DET
ajfa-12237	43	28	financial	financial	ADJ
ajfa-12237	43	29	funds	fund	NOUN
ajfa-12237	43	30	it	it	PRON
ajfa-12237	43	31	uses	use	VERB
ajfa-12237	43	32	.	.	PUNCT
ajfa-12237	44	1	even	even	ADV
ajfa-12237	44	2	if	if	SCONJ
ajfa-12237	44	3	this	this	DET
ajfa-12237	44	4	statement	statement	NOUN
ajfa-12237	44	5	seems	seem	VERB
ajfa-12237	44	6	obvious	obvious	ADJ
ajfa-12237	44	7	,	,	PUNCT
ajfa-12237	44	8	even	even	ADV
ajfa-12237	44	9	more	more	ADV
ajfa-12237	44	10	often	often	ADV
ajfa-12237	44	11	the	the	DET
ajfa-12237	44	12	success	success	NOUN
ajfa-12237	44	13	of	of	ADP
ajfa-12237	44	14	an	an	DET
ajfa-12237	44	15	enterprise	enterprise	NOUN
ajfa-12237	44	16	is	be	AUX
ajfa-12237	44	17	measured	measure	VERB
ajfa-12237	44	18	with	with	ADP
ajfa-12237	44	19	regards	regard	NOUN
ajfa-12237	44	20	to	to	ADP
ajfa-12237	44	21	profitable	profitable	ADJ
ajfa-12237	44	22	gains	gain	NOUN
ajfa-12237	44	23	,	,	PUNCT
ajfa-12237	44	24	return	return	VERB
ajfa-12237	44	25	on	on	ADP
ajfa-12237	44	26	equity	equity	NOUN
ajfa-12237	44	27	(	(	PUNCT
ajfa-12237	44	28	roe	roe	PROPN
ajfa-12237	44	29	)	)	PUNCT
ajfa-12237	44	30	,	,	PUNCT
ajfa-12237	44	31	rate	rate	NOUN
ajfa-12237	44	32	of	of	ADP
ajfa-12237	44	33	growth	growth	NOUN
ajfa-12237	44	34	,	,	PUNCT
ajfa-12237	44	35	cash	cash	NOUN
ajfa-12237	44	36	-	-	PUNCT
ajfa-12237	44	37	flow	flow	NOUN
ajfa-12237	44	38	,	,	PUNCT
ajfa-12237	44	39	gross	gross	ADJ
ajfa-12237	44	40	operative	operative	ADJ
ajfa-12237	44	41	margin	margin	NOUN
ajfa-12237	44	42	,	,	PUNCT
ajfa-12237	44	43	market	market	NOUN
ajfa-12237	44	44	share	share	NOUN
ajfa-12237	44	45	and	and	CCONJ
ajfa-12237	44	46	in	in	ADP
ajfa-12237	44	47	the	the	DET
ajfa-12237	44	48	case	case	NOUN
ajfa-12237	44	49	of	of	ADP
ajfa-12237	44	50	listed	list	VERB
ajfa-12237	44	51	enterprises	enterprise	NOUN
ajfa-12237	44	52	the	the	DET
ajfa-12237	44	53	relationship	relationship	NOUN
ajfa-12237	44	54	between	between	ADP
ajfa-12237	44	55	price	price	NOUN
ajfa-12237	44	56	and	and	CCONJ
ajfa-12237	44	57	earnings	earning	NOUN
ajfa-12237	44	58	(	(	PUNCT
ajfa-12237	44	59	p	p	X
ajfa-12237	44	60	/	/	SYM
ajfa-12237	44	61	e	e	NOUN
ajfa-12237	44	62	)	)	PUNCT
ajfa-12237	44	63	,	,	PUNCT
ajfa-12237	44	64	and	and	CCONJ
ajfa-12237	44	65	earnings	earning	NOUN
ajfa-12237	44	66	per	per	ADP
ajfa-12237	44	67	share	share	NOUN
ajfa-12237	44	68	(	(	PUNCT
ajfa-12237	44	69	eps	eps	PROPN
ajfa-12237	44	70	)	)	PUNCT
ajfa-12237	44	71	.	.	PUNCT
ajfa-12237	45	1	even	even	ADV
ajfa-12237	45	2	if	if	SCONJ
ajfa-12237	45	3	all	all	PRON
ajfa-12237	45	4	of	of	ADP
ajfa-12237	45	5	these	these	DET
ajfa-12237	45	6	elements	element	NOUN
ajfa-12237	45	7	are	be	AUX
ajfa-12237	45	8	relevant	relevant	ADJ
ajfa-12237	45	9	to	to	ADP
ajfa-12237	45	10	the	the	DET
ajfa-12237	45	11	performance	performance	NOUN
ajfa-12237	45	12	evaluation	evaluation	NOUN
ajfa-12237	45	13	,	,	PUNCT
ajfa-12237	45	14	none	none	NOUN
ajfa-12237	45	15	of	of	ADP
ajfa-12237	45	16	them	they	PRON
ajfa-12237	45	17	refers	refer	VERB
ajfa-12237	45	18	directly	directly	ADV
ajfa-12237	45	19	to	to	ADP
ajfa-12237	45	20	the	the	DET
ajfa-12237	45	21	concept	concept	NOUN
ajfa-12237	45	22	here	here	ADV
ajfa-12237	45	23	expressed	express	VERB
ajfa-12237	45	24	and	and	CCONJ
ajfa-12237	45	25	it	it	PRON
ajfa-12237	45	26	is	be	AUX
ajfa-12237	45	27	highly	highly	ADV
ajfa-12237	45	28	possible	possible	ADJ
ajfa-12237	45	29	that	that	SCONJ
ajfa-12237	45	30	enterprises	enterprise	NOUN
ajfa-12237	45	31	with	with	ADP
ajfa-12237	45	32	a	a	DET
ajfa-12237	45	33	high	high	ADJ
ajfa-12237	45	34	growth	growth	NOUN
ajfa-12237	45	35	level	level	NOUN
ajfa-12237	45	36	of	of	ADP
ajfa-12237	45	37	roe	roe	NOUN
ajfa-12237	45	38	,	,	PUNCT
ajfa-12237	45	39	p	p	X
ajfa-12237	45	40	/	/	SYM
ajfa-12237	45	41	e	e	NOUN
ajfa-12237	45	42	,	,	PUNCT
ajfa-12237	45	43	etc	etc	X
ajfa-12237	45	44	.	.	X
ajfa-12237	45	45	do	do	AUX
ajfa-12237	45	46	not	not	PART
ajfa-12237	45	47	have	have	VERB
ajfa-12237	45	48	a	a	DET
ajfa-12237	45	49	high	high	ADJ
ajfa-12237	45	50	economic	economic	ADJ
ajfa-12237	45	51	return	return	NOUN
ajfa-12237	45	52	rate	rate	NOUN
ajfa-12237	45	53	.	.	PUNCT
ajfa-12237	46	1	on	on	ADP
ajfa-12237	46	2	the	the	DET
ajfa-12237	46	3	contrary	contrary	NOUN
ajfa-12237	46	4	,	,	PUNCT
ajfa-12237	46	5	eva	eva	NOUN
ajfa-12237	46	6	measures	measure	NOUN
ajfa-12237	46	7	economic	economic	ADJ
ajfa-12237	46	8	return	return	NOUN
ajfa-12237	46	9	directly	directly	ADV
ajfa-12237	46	10	,	,	PUNCT
ajfa-12237	46	11	eva	eva	NOUN
ajfa-12237	46	12	=	=	SYM
ajfa-12237	46	13	k×(r	k×(r	NOUN
ajfa-12237	46	14	-	-	PUNCT
ajfa-12237	46	15	c	c	NOUN
ajfa-12237	46	16	)	)	PUNCT
ajfa-12237	46	17	(	(	PUNCT
ajfa-12237	46	18	1	1	X
ajfa-12237	46	19	)	)	PUNCT
ajfa-12237	46	20	where	where	SCONJ
ajfa-12237	46	21	“	"	PUNCT
ajfa-12237	46	22	k	k	X
ajfa-12237	46	23	”	"	PUNCT
ajfa-12237	46	24	stands	stand	VERB
ajfa-12237	46	25	for	for	ADP
ajfa-12237	46	26	the	the	DET
ajfa-12237	46	27	invested	invest	VERB
ajfa-12237	46	28	capital	capital	NOUN
ajfa-12237	46	29	(	(	PUNCT
ajfa-12237	46	30	financial	financial	ADJ
ajfa-12237	46	31	resources	resource	NOUN
ajfa-12237	46	32	used	use	VERB
ajfa-12237	46	33	in	in	ADP
ajfa-12237	46	34	the	the	DET
ajfa-12237	46	35	enterprise	enterprise	NOUN
ajfa-12237	46	36	)	)	PUNCT
ajfa-12237	46	37	,	,	PUNCT
ajfa-12237	46	38	“	"	PUNCT
ajfa-12237	46	39	r	r	NOUN
ajfa-12237	46	40	”	"	PUNCT
ajfa-12237	46	41	is	be	AUX
ajfa-12237	46	42	the	the	DET
ajfa-12237	46	43	rate	rate	NOUN
ajfa-12237	46	44	of	of	ADP
ajfa-12237	46	45	return	return	NOUN
ajfa-12237	46	46	on	on	ADP
ajfa-12237	46	47	invested	invest	VERB
ajfa-12237	46	48	capital	capital	NOUN
ajfa-12237	46	49	and	and	CCONJ
ajfa-12237	46	50	“	"	PUNCT
ajfa-12237	46	51	c	c	NOUN
ajfa-12237	46	52	”	"	PUNCT
ajfa-12237	46	53	(	(	PUNCT
ajfa-12237	46	54	or	or	CCONJ
ajfa-12237	46	55	wacc	wacc	PROPN
ajfa-12237	46	56	)	)	PUNCT
ajfa-12237	46	57	is	be	AUX
ajfa-12237	46	58	the	the	DET
ajfa-12237	46	59	cost	cost	NOUN
ajfa-12237	46	60	of	of	ADP
ajfa-12237	46	61	the	the	DET
ajfa-12237	46	62	capital	capital	NOUN
ajfa-12237	46	63	.	.	PUNCT
ajfa-12237	47	1	the	the	DET
ajfa-12237	47	2	capital	capital	NOUN
ajfa-12237	47	3	invested	invest	VERB
ajfa-12237	47	4	is	be	AUX
ajfa-12237	47	5	the	the	DET
ajfa-12237	47	6	sum	sum	NOUN
ajfa-12237	47	7	of	of	ADP
ajfa-12237	47	8	the	the	DET
ajfa-12237	47	9	economic	economic	ADJ
ajfa-12237	47	10	value	value	NOUN
ajfa-12237	47	11	of	of	ADP
ajfa-12237	47	12	money	money	NOUN
ajfa-12237	47	13	invested	invest	VERB
ajfa-12237	47	14	in	in	ADP
ajfa-12237	47	15	various	various	ADJ
ajfa-12237	47	16	forms	form	NOUN
ajfa-12237	47	17	in	in	ADP
ajfa-12237	47	18	the	the	DET
ajfa-12237	47	19	enterprise	enterprise	NOUN
ajfa-12237	47	20	while	while	SCONJ
ajfa-12237	47	21	the	the	DET
ajfa-12237	47	22	rate	rate	NOUN
ajfa-12237	47	23	of	of	ADP
ajfa-12237	47	24	return	return	NOUN
ajfa-12237	47	25	on	on	ADP
ajfa-12237	47	26	invested	invest	VERB
ajfa-12237	47	27	capital	capital	NOUN
ajfa-12237	47	28	is	be	AUX
ajfa-12237	47	29	calculated	calculate	VERB
ajfa-12237	47	30	by	by	ADP
ajfa-12237	47	31	dividing	divide	VERB
ajfa-12237	47	32	the	the	DET
ajfa-12237	47	33	net	net	ADJ
ajfa-12237	47	34	operating	operating	NOUN
ajfa-12237	47	35	profit	profit	NOUN
ajfa-12237	47	36	after	after	ADP
ajfa-12237	47	37	taxes	taxis	NOUN
ajfa-12237	47	38	(	(	PUNCT
ajfa-12237	47	39	nopat	nopat	PROPN
ajfa-12237	47	40	)	)	PUNCT
ajfa-12237	47	41	for	for	ADP
ajfa-12237	47	42	the	the	DET
ajfa-12237	47	43	invested	invest	VERB
ajfa-12237	47	44	capital	capital	NOUN
ajfa-12237	47	45	.	.	PUNCT
ajfa-12237	48	1	nopat	nopat	PROPN
ajfa-12237	48	2	in	in	ADP
ajfa-12237	48	3	return	return	NOUN
ajfa-12237	48	4	can	can	AUX
ajfa-12237	48	5	be	be	AUX
ajfa-12237	48	6	seen	see	VERB
ajfa-12237	48	7	as	as	ADP
ajfa-12237	48	8	the	the	DET
ajfa-12237	48	9	difference	difference	NOUN
ajfa-12237	48	10	between	between	ADP
ajfa-12237	48	11	net	net	ADJ
ajfa-12237	48	12	operating	operating	NOUN
ajfa-12237	48	13	profits	profit	NOUN
ajfa-12237	48	14	(	(	PUNCT
ajfa-12237	48	15	inclusive	inclusive	NOUN
ajfa-12237	48	16	of	of	ADP
ajfa-12237	48	17	amortization	amortization	NOUN
ajfa-12237	48	18	)	)	PUNCT
ajfa-12237	48	19	and	and	CCONJ
ajfa-12237	48	20	“	"	PUNCT
ajfa-12237	48	21	cash	cash	NOUN
ajfa-12237	48	22	operating	operate	VERB
ajfa-12237	48	23	taxes”.even	taxes”.even	VERB
ajfa-12237	48	24	nopat	nopat	PROPN
ajfa-12237	48	25	is	be	AUX
ajfa-12237	48	26	subject	subject	ADJ
ajfa-12237	48	27	to	to	ADP
ajfa-12237	48	28	a	a	DET
ajfa-12237	48	29	multiplicity	multiplicity	NOUN
ajfa-12237	48	30	of	of	ADP
ajfa-12237	48	31	adjustments	adjustment	NOUN
ajfa-12237	48	32	,	,	PUNCT
ajfa-12237	48	33	which	which	PRON
ajfa-12237	48	34	vary	vary	VERB
ajfa-12237	48	35	according	accord	VERB
ajfa-12237	48	36	to	to	ADP
ajfa-12237	48	37	the	the	DET
ajfa-12237	48	38	method	method	NOUN
ajfa-12237	48	39	of	of	ADP
ajfa-12237	48	40	accounting	accounting	NOUN
ajfa-12237	48	41	used	use	VERB
ajfa-12237	48	42	for	for	ADP
ajfa-12237	48	43	the	the	DET
ajfa-12237	48	44	stock	stock	NOUN
ajfa-12237	48	45	,	,	PUNCT
ajfa-12237	48	46	to	to	ADP
ajfa-12237	48	47	the	the	DET
ajfa-12237	48	48	presence	presence	NOUN
ajfa-12237	48	49	in	in	ADP
ajfa-12237	48	50	the	the	DET
ajfa-12237	48	51	balance	balance	NOUN
ajfa-12237	48	52	of	of	ADP
ajfa-12237	48	53	amortization	amortization	NOUN
ajfa-12237	48	54	for	for	ADP
ajfa-12237	48	55	the	the	DET
ajfa-12237	48	56	start	start	NOUN
ajfa-12237	48	57	-	-	PUNCT
ajfa-12237	48	58	up	up	NOUN
ajfa-12237	48	59	of	of	ADP
ajfa-12237	48	60	acquired	acquire	VERB
ajfa-12237	48	61	societies	society	NOUN
ajfa-12237	48	62	,	,	PUNCT
ajfa-12237	48	63	the	the	DET
ajfa-12237	48	64	capitalization	capitalization	NOUN
ajfa-12237	48	65	of	of	ADP
ajfa-12237	48	66	research	research	NOUN
ajfa-12237	48	67	costs	cost	NOUN
ajfa-12237	48	68	.	.	PUNCT
ajfa-12237	49	1	this	this	PRON
ajfa-12237	49	2	is	be	AUX
ajfa-12237	49	3	naturally	naturally	ADV
ajfa-12237	49	4	only	only	ADV
ajfa-12237	49	5	an	an	DET
ajfa-12237	49	6	indication	indication	NOUN
ajfa-12237	49	7	:	:	PUNCT
ajfa-12237	49	8	the	the	DET
ajfa-12237	49	9	true	true	ADJ
ajfa-12237	49	10	objective	objective	NOUN
ajfa-12237	49	11	is	be	AUX
ajfa-12237	49	12	to	to	PART
ajfa-12237	49	13	single	single	VERB
ajfa-12237	49	14	out	out	ADP
ajfa-12237	49	15	the	the	DET
ajfa-12237	49	16	relationship	relationship	NOUN
ajfa-12237	49	17	between	between	ADP
ajfa-12237	49	18	enterprise	enterprise	NOUN
ajfa-12237	49	19	debt	debt	NOUN
ajfa-12237	49	20	and	and	CCONJ
ajfa-12237	49	21	capital	capital	NOUN
ajfa-12237	49	22	in	in	ADP
ajfa-12237	49	23	an	an	DET
ajfa-12237	49	24	average	average	ADJ
ajfa-12237	49	25	period	period	NOUN
ajfa-12237	49	26	.	.	PUNCT
ajfa-12237	50	1	nopat	nopat	PROPN
ajfa-12237	50	2	is	be	AUX
ajfa-12237	50	3	therefore	therefore	ADV
ajfa-12237	50	4	a	a	DET
ajfa-12237	50	5	measure	measure	NOUN
ajfa-12237	50	6	of	of	ADP
ajfa-12237	50	7	the	the	DET
ajfa-12237	50	8	earning	earn	VERB
ajfa-12237	50	9	performance	performance	NOUN
ajfa-12237	50	10	of	of	ADP
ajfa-12237	50	11	an	an	DET
ajfa-12237	50	12	enterprise	enterprise	NOUN
ajfa-12237	50	13	,	,	PUNCT
ajfa-12237	50	14	which	which	PRON
ajfa-12237	50	15	contrary	contrary	ADJ
ajfa-12237	50	16	to	to	ADP
ajfa-12237	50	17	roe	roe	PROPN
ajfa-12237	50	18	,	,	PUNCT
ajfa-12237	50	19	it	it	PRON
ajfa-12237	50	20	is	be	AUX
ajfa-12237	50	21	independent	independent	ADJ
ajfa-12237	50	22	from	from	ADP
ajfa-12237	50	23	financial	financial	ADJ
ajfa-12237	50	24	structure	structure	NOUN
ajfa-12237	50	25	.	.	PUNCT
ajfa-12237	51	1	it	it	PRON
ajfa-12237	51	2	can	can	AUX
ajfa-12237	51	3	be	be	AUX
ajfa-12237	51	4	easily	easily	ADV
ajfa-12237	51	5	shown	show	VERB
ajfa-12237	51	6	that	that	SCONJ
ajfa-12237	51	7	with	with	ADP
ajfa-12237	51	8	equal	equal	ADJ
ajfa-12237	51	9	operating	operating	NOUN
ajfa-12237	51	10	results	result	NOUN
ajfa-12237	51	11	,	,	PUNCT
ajfa-12237	51	12	an	an	DET
ajfa-12237	51	13	indebted	indebted	ADJ
ajfa-12237	51	14	enterprise	enterprise	NOUN
ajfa-12237	51	15	asian	asian	ADJ
ajfa-12237	51	16	journal	journal	NOUN
ajfa-12237	51	17	of	of	ADP
ajfa-12237	51	18	finance	finance	PROPN
ajfa-12237	51	19	&	&	CCONJ
ajfa-12237	51	20	accounting	accounting	PROPN
ajfa-12237	51	21	issn	issn	PROPN
ajfa-12237	51	22	1946	1946	NUM
ajfa-12237	51	23	-	-	PUNCT
ajfa-12237	51	24	052x	052x	PROPN
ajfa-12237	51	25	2017	2017	NUM
ajfa-12237	51	26	,	,	PUNCT
ajfa-12237	51	27	vol	vol	NOUN
ajfa-12237	51	28	.	.	NOUN
ajfa-12237	51	29	9	9	NUM
ajfa-12237	51	30	,	,	PUNCT
ajfa-12237	51	31	no	no	NOUN
ajfa-12237	51	32	.	.	NOUN
ajfa-12237	51	33	2	2	NUM
ajfa-12237	51	34	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	51	35	311	311	NUM
ajfa-12237	51	36	tends	tend	VERB
ajfa-12237	51	37	to	to	PART
ajfa-12237	51	38	show	show	VERB
ajfa-12237	51	39	a	a	DET
ajfa-12237	51	40	higher	high	ADJ
ajfa-12237	51	41	roe	roe	NOUN
ajfa-12237	51	42	and	and	CCONJ
ajfa-12237	51	43	vice	vice	NOUN
ajfa-12237	51	44	versa	versa	ADV
ajfa-12237	51	45	.	.	PUNCT
ajfa-12237	52	1	nopat	nopat	PROPN
ajfa-12237	52	2	in	in	ADP
ajfa-12237	52	3	this	this	DET
ajfa-12237	52	4	case	case	NOUN
ajfa-12237	52	5	would	would	AUX
ajfa-12237	52	6	remain	remain	VERB
ajfa-12237	52	7	unvaried	unvaried	ADJ
ajfa-12237	52	8	.	.	PUNCT
ajfa-12237	53	1	the	the	DET
ajfa-12237	53	2	rate	rate	NOUN
ajfa-12237	53	3	of	of	ADP
ajfa-12237	53	4	capital	capital	NOUN
ajfa-12237	53	5	return	return	NOUN
ajfa-12237	53	6	(	(	PUNCT
ajfa-12237	53	7	r	r	NOUN
ajfa-12237	53	8	)	)	PUNCT
ajfa-12237	53	9	can	can	AUX
ajfa-12237	53	10	therefore	therefore	ADV
ajfa-12237	53	11	be	be	AUX
ajfa-12237	53	12	calculated	calculate	VERB
ajfa-12237	53	13	as	as	ADP
ajfa-12237	53	14	:	:	PUNCT
ajfa-12237	53	15	r	r	NOUN
ajfa-12237	53	16	=	=	SYM
ajfa-12237	53	17	nopat÷k	nopat÷k	NOUN
ajfa-12237	53	18	.	.	PUNCT
ajfa-12237	54	1	the	the	DET
ajfa-12237	54	2	cost	cost	NOUN
ajfa-12237	54	3	of	of	ADP
ajfa-12237	54	4	capital	capital	NOUN
ajfa-12237	54	5	represents	represent	VERB
ajfa-12237	54	6	conceptually	conceptually	ADV
ajfa-12237	54	7	the	the	DET
ajfa-12237	54	8	minimum	minimum	ADJ
ajfa-12237	54	9	return	return	NOUN
ajfa-12237	54	10	requested	request	VERB
ajfa-12237	54	11	by	by	ADP
ajfa-12237	54	12	shareholders	shareholder	NOUN
ajfa-12237	54	13	and	and	CCONJ
ajfa-12237	54	14	creditors	creditor	NOUN
ajfa-12237	54	15	to	to	PART
ajfa-12237	54	16	compensate	compensate	VERB
ajfa-12237	54	17	the	the	DET
ajfa-12237	54	18	risk	risk	NOUN
ajfa-12237	54	19	they	they	PRON
ajfa-12237	54	20	run	run	VERB
ajfa-12237	54	21	and	and	CCONJ
ajfa-12237	54	22	can	can	AUX
ajfa-12237	54	23	be	be	AUX
ajfa-12237	54	24	calculated	calculate	VERB
ajfa-12237	54	25	in	in	ADP
ajfa-12237	54	26	various	various	ADJ
ajfa-12237	54	27	ways	way	NOUN
ajfa-12237	54	28	.	.	PUNCT
ajfa-12237	55	1	this	this	DET
ajfa-12237	55	2	study	study	NOUN
ajfa-12237	55	3	used	use	VERB
ajfa-12237	55	4	a	a	DET
ajfa-12237	55	5	method	method	NOUN
ajfa-12237	55	6	commonly	commonly	ADV
ajfa-12237	55	7	used	use	VERB
ajfa-12237	55	8	by	by	ADP
ajfa-12237	55	9	external	external	ADJ
ajfa-12237	55	10	financial	financial	ADJ
ajfa-12237	55	11	analysists	analysist	NOUN
ajfa-12237	55	12	called	call	VERB
ajfa-12237	55	13	capm	capm	PROPN
ajfa-12237	55	14	(	(	PUNCT
ajfa-12237	55	15	capital	capital	NOUN
ajfa-12237	55	16	asset	asset	NOUN
ajfa-12237	55	17	pricing	pricing	NOUN
ajfa-12237	55	18	model	model	NOUN
ajfa-12237	55	19	)	)	PUNCT
ajfa-12237	55	20	in	in	ADP
ajfa-12237	55	21	circulation	circulation	NOUN
ajfa-12237	55	22	for	for	ADP
ajfa-12237	55	23	more	more	ADJ
ajfa-12237	55	24	than	than	ADP
ajfa-12237	55	25	a	a	PRON
ajfa-12237	55	26	quarter	quarter	NOUN
ajfa-12237	55	27	of	of	ADP
ajfa-12237	55	28	a	a	DET
ajfa-12237	55	29	century	century	NOUN
ajfa-12237	55	30	,	,	PUNCT
ajfa-12237	55	31	but	but	CCONJ
ajfa-12237	55	32	still	still	ADV
ajfa-12237	55	33	used	use	VERB
ajfa-12237	55	34	.	.	PUNCT
ajfa-12237	56	1	the	the	DET
ajfa-12237	56	2	relationship	relationship	NOUN
ajfa-12237	56	3	between	between	ADP
ajfa-12237	56	4	enterprise	enterprise	NOUN
ajfa-12237	56	5	debt	debt	NOUN
ajfa-12237	56	6	and	and	CCONJ
ajfa-12237	56	7	capital	capital	NOUN
ajfa-12237	56	8	is	be	AUX
ajfa-12237	56	9	calculated	calculate	VERB
ajfa-12237	56	10	on	on	ADP
ajfa-12237	56	11	a	a	DET
ajfa-12237	56	12	time	time	NOUN
ajfa-12237	56	13	of	of	ADP
ajfa-12237	56	14	2	2	NUM
ajfa-12237	56	15	years	year	NOUN
ajfa-12237	56	16	(	(	PUNCT
ajfa-12237	56	17	about	about	ADP
ajfa-12237	56	18	this	this	DET
ajfa-12237	56	19	aspect	aspect	NOUN
ajfa-12237	56	20	,	,	PUNCT
ajfa-12237	56	21	it	it	PRON
ajfa-12237	56	22	is	be	AUX
ajfa-12237	56	23	only	only	ADV
ajfa-12237	56	24	an	an	DET
ajfa-12237	56	25	indication	indication	NOUN
ajfa-12237	56	26	;	;	PUNCT
ajfa-12237	56	27	the	the	DET
ajfa-12237	56	28	true	true	ADJ
ajfa-12237	56	29	aim	aim	NOUN
ajfa-12237	56	30	is	be	AUX
ajfa-12237	56	31	the	the	DET
ajfa-12237	56	32	individuation	individuation	NOUN
ajfa-12237	56	33	of	of	ADP
ajfa-12237	56	34	ratio	ratio	NOUN
ajfa-12237	56	35	debt	debt	NOUN
ajfa-12237	56	36	-	-	PUNCT
ajfa-12237	56	37	capital	capital	NOUN
ajfa-12237	56	38	of	of	ADP
ajfa-12237	56	39	enterprise	enterprise	NOUN
ajfa-12237	56	40	of	of	ADP
ajfa-12237	56	41	middle	middle	ADJ
ajfa-12237	56	42	period	period	NOUN
ajfa-12237	56	43	)	)	PUNCT
ajfa-12237	56	44	and	and	CCONJ
ajfa-12237	56	45	then	then	ADV
ajfa-12237	56	46	the	the	DET
ajfa-12237	56	47	remuneration	remuneration	NOUN
ajfa-12237	56	48	requested	request	VERB
ajfa-12237	56	49	by	by	ADP
ajfa-12237	56	50	the	the	DET
ajfa-12237	56	51	enterprise	enterprise	NOUN
ajfa-12237	56	52	shareholders	shareholder	NOUN
ajfa-12237	56	53	is	be	AUX
ajfa-12237	56	54	calculated	calculate	VERB
ajfa-12237	56	55	in	in	ADP
ajfa-12237	56	56	the	the	DET
ajfa-12237	56	57	following	following	ADJ
ajfa-12237	56	58	way	way	NOUN
ajfa-12237	56	59	:	:	PUNCT
ajfa-12237	56	60	y	y	NOUN
ajfa-12237	56	61	=	=	SYM
ajfa-12237	56	62	rf+β×(rm	rf+β×(rm	PROPN
ajfa-12237	56	63	-	-	PUNCT
ajfa-12237	56	64	rf	rf	NOUN
ajfa-12237	56	65	)	)	PUNCT
ajfa-12237	56	66	(	(	PUNCT
ajfa-12237	56	67	2	2	X
ajfa-12237	56	68	)	)	PUNCT
ajfa-12237	56	69	where	where	SCONJ
ajfa-12237	56	70	“	"	PUNCT
ajfa-12237	56	71	rf	rf	X
ajfa-12237	56	72	”	"	PUNCT
ajfa-12237	56	73	represents	represent	VERB
ajfa-12237	56	74	the	the	DET
ajfa-12237	56	75	return	return	NOUN
ajfa-12237	56	76	on	on	ADP
ajfa-12237	56	77	long	long	ADJ
ajfa-12237	56	78	-	-	PUNCT
ajfa-12237	56	79	term	term	NOUN
ajfa-12237	56	80	government	government	NOUN
ajfa-12237	56	81	securities	security	NOUN
ajfa-12237	56	82	,	,	PUNCT
ajfa-12237	56	83	“	"	PUNCT
ajfa-12237	56	84	rm	rm	NOUN
ajfa-12237	56	85	”	"	PUNCT
ajfa-12237	56	86	represents	represent	VERB
ajfa-12237	56	87	the	the	DET
ajfa-12237	56	88	rate	rate	NOUN
ajfa-12237	56	89	of	of	ADP
ajfa-12237	56	90	return	return	NOUN
ajfa-12237	56	91	on	on	ADP
ajfa-12237	56	92	the	the	DET
ajfa-12237	56	93	stock	stock	NOUN
ajfa-12237	56	94	market	market	NOUN
ajfa-12237	56	95	and	and	CCONJ
ajfa-12237	56	96	“	"	PUNCT
ajfa-12237	56	97	β	β	NOUN
ajfa-12237	56	98	”	"	PUNCT
ajfa-12237	56	99	represents	represent	VERB
ajfa-12237	56	100	the	the	DET
ajfa-12237	56	101	riskiness	riskiness	NOUN
ajfa-12237	56	102	of	of	ADP
ajfa-12237	56	103	the	the	DET
ajfa-12237	56	104	enterprise	enterprise	NOUN
ajfa-12237	56	105	with	with	ADP
ajfa-12237	56	106	regard	regard	NOUN
ajfa-12237	56	107	to	to	ADP
ajfa-12237	56	108	the	the	DET
ajfa-12237	56	109	stock	stock	NOUN
ajfa-12237	56	110	market	market	NOUN
ajfa-12237	56	111	.	.	PUNCT
ajfa-12237	57	1	the	the	DET
ajfa-12237	57	2	return	return	NOUN
ajfa-12237	57	3	on	on	ADP
ajfa-12237	57	4	long	long	ADJ
ajfa-12237	57	5	-	-	PUNCT
ajfa-12237	57	6	term	term	NOUN
ajfa-12237	57	7	government	government	NOUN
ajfa-12237	57	8	securities	security	NOUN
ajfa-12237	57	9	affects	affect	VERB
ajfa-12237	57	10	the	the	DET
ajfa-12237	57	11	average	average	ADJ
ajfa-12237	57	12	interest	interest	NOUN
ajfa-12237	57	13	rate	rate	NOUN
ajfa-12237	57	14	of	of	ADP
ajfa-12237	57	15	ten	ten	NUM
ajfa-12237	57	16	-	-	PUNCT
ajfa-12237	57	17	year	year	NOUN
ajfa-12237	57	18	treasury	treasury	NOUN
ajfa-12237	57	19	bonds	bond	NOUN
ajfa-12237	57	20	.	.	PUNCT
ajfa-12237	58	1	the	the	DET
ajfa-12237	58	2	source	source	NOUN
ajfa-12237	58	3	of	of	ADP
ajfa-12237	58	4	data	data	NOUN
ajfa-12237	58	5	is	be	AUX
ajfa-12237	58	6	the	the	DET
ajfa-12237	58	7	state	state	PROPN
ajfa-12237	58	8	treasury	treasury	PROPN
ajfa-12237	58	9	’s	’s	PART
ajfa-12237	58	10	official	official	ADJ
ajfa-12237	58	11	internet	internet	NOUN
ajfa-12237	58	12	site	site	NOUN
ajfa-12237	58	13	.	.	PUNCT
ajfa-12237	59	1	the	the	DET
ajfa-12237	59	2	rate	rate	NOUN
ajfa-12237	59	3	of	of	ADP
ajfa-12237	59	4	return	return	NOUN
ajfa-12237	59	5	on	on	ADP
ajfa-12237	59	6	the	the	DET
ajfa-12237	59	7	stock	stock	NOUN
ajfa-12237	59	8	market	market	NOUN
ajfa-12237	59	9	is	be	AUX
ajfa-12237	59	10	calculated	calculate	VERB
ajfa-12237	59	11	as	as	ADP
ajfa-12237	59	12	average	average	NOUN
ajfa-12237	59	13	of	of	ADP
ajfa-12237	59	14	roe	roe	NOUN
ajfa-12237	59	15	on	on	ADP
ajfa-12237	59	16	the	the	DET
ajfa-12237	59	17	balance	balance	NOUN
ajfa-12237	59	18	data	datum	NOUN
ajfa-12237	59	19	and	and	CCONJ
ajfa-12237	59	20	afferent	afferent	NOUN
ajfa-12237	59	21	to	to	ADP
ajfa-12237	59	22	italian	italian	ADJ
ajfa-12237	59	23	agro	agro	ADJ
ajfa-12237	59	24	-	-	PUNCT
ajfa-12237	59	25	alimentary	alimentary	ADJ
ajfa-12237	59	26	industry	industry	NOUN
ajfa-12237	59	27	.	.	PUNCT
ajfa-12237	60	1	most	most	ADJ
ajfa-12237	60	2	of	of	ADP
ajfa-12237	60	3	the	the	DET
ajfa-12237	60	4	data	datum	NOUN
ajfa-12237	60	5	used	use	VERB
ajfa-12237	60	6	in	in	ADP
ajfa-12237	60	7	the	the	DET
ajfa-12237	60	8	work	work	NOUN
ajfa-12237	60	9	are	be	AUX
ajfa-12237	60	10	taken	take	VERB
ajfa-12237	60	11	from	from	ADP
ajfa-12237	60	12	databases	database	NOUN
ajfa-12237	60	13	aida	aida	NOUN
ajfa-12237	60	14	by	by	ADP
ajfa-12237	60	15	bureau	bureau	PROPN
ajfa-12237	60	16	van	van	PROPN
ajfa-12237	60	17	dijk	dijk	PROPN
ajfa-12237	60	18	.	.	PUNCT
ajfa-12237	61	1	for	for	ADP
ajfa-12237	61	2	this	this	DET
ajfa-12237	61	3	study	study	NOUN
ajfa-12237	61	4	beta	beta	NOUN
ajfa-12237	61	5	is	be	AUX
ajfa-12237	61	6	calculated	calculate	VERB
ajfa-12237	61	7	with	with	ADP
ajfa-12237	61	8	the	the	DET
ajfa-12237	61	9	aid	aid	NOUN
ajfa-12237	61	10	of	of	ADP
ajfa-12237	61	11	aswath	aswath	ADJ
ajfa-12237	61	12	damodaran	damodaran	NOUN
ajfa-12237	61	13	database	database	NOUN
ajfa-12237	61	14	(	(	PUNCT
ajfa-12237	61	15	food	food	NOUN
ajfa-12237	61	16	processing	processing	NOUN
ajfa-12237	61	17	sector).if	sector).if	PROPN
ajfa-12237	61	18	β>1	β>1	NOUN
ajfa-12237	61	19	the	the	DET
ajfa-12237	61	20	enterprise	enterprise	NOUN
ajfa-12237	61	21	is	be	AUX
ajfa-12237	61	22	riskier	risky	ADJ
ajfa-12237	61	23	than	than	ADP
ajfa-12237	61	24	the	the	DET
ajfa-12237	61	25	market	market	NOUN
ajfa-12237	61	26	and	and	CCONJ
ajfa-12237	61	27	viceversa	viceversa	ADJ
ajfa-12237	61	28	if	if	SCONJ
ajfa-12237	61	29	β<1	β<1	NOUN
ajfa-12237	61	30	.	.	PUNCT
ajfa-12237	62	1	even	even	ADV
ajfa-12237	62	2	if	if	SCONJ
ajfa-12237	62	3	this	this	DET
ajfa-12237	62	4	formula	formula	NOUN
ajfa-12237	62	5	regards	regard	VERB
ajfa-12237	62	6	the	the	DET
ajfa-12237	62	7	stock	stock	NOUN
ajfa-12237	62	8	market	market	NOUN
ajfa-12237	62	9	,	,	PUNCT
ajfa-12237	62	10	it	it	PRON
ajfa-12237	62	11	can	can	AUX
ajfa-12237	62	12	also	also	ADV
ajfa-12237	62	13	be	be	AUX
ajfa-12237	62	14	used	use	VERB
ajfa-12237	62	15	to	to	PART
ajfa-12237	62	16	calculate	calculate	VERB
ajfa-12237	62	17	enterprise	enterprise	NOUN
ajfa-12237	62	18	value	value	NOUN
ajfa-12237	62	19	of	of	ADP
ajfa-12237	62	20	unlisted	unlisted	ADJ
ajfa-12237	62	21	companies	company	NOUN
ajfa-12237	62	22	by	by	ADP
ajfa-12237	62	23	making	make	VERB
ajfa-12237	62	24	some	some	DET
ajfa-12237	62	25	adjustments	adjustment	NOUN
ajfa-12237	62	26	.	.	PUNCT
ajfa-12237	63	1	for	for	ADP
ajfa-12237	63	2	both	both	CCONJ
ajfa-12237	63	3	the	the	DET
ajfa-12237	63	4	“	"	PUNCT
ajfa-12237	63	5	rf	rf	NOUN
ajfa-12237	63	6	”	"	PUNCT
ajfa-12237	63	7	and	and	CCONJ
ajfa-12237	63	8	the	the	DET
ajfa-12237	63	9	“	"	PUNCT
ajfa-12237	63	10	rm	rm	NOUN
ajfa-12237	63	11	”	"	PUNCT
ajfa-12237	63	12	,	,	PUNCT
ajfa-12237	63	13	it	it	PRON
ajfa-12237	63	14	is	be	AUX
ajfa-12237	63	15	appropriate	appropriate	ADJ
ajfa-12237	63	16	to	to	PART
ajfa-12237	63	17	calculate	calculate	VERB
ajfa-12237	63	18	an	an	DET
ajfa-12237	63	19	average	average	NOUN
ajfa-12237	63	20	of	of	ADP
ajfa-12237	63	21	a	a	DET
ajfa-12237	63	22	time	time	NOUN
ajfa-12237	63	23	horizon	horizon	NOUN
ajfa-12237	63	24	of	of	ADP
ajfa-12237	63	25	at	at	ADV
ajfa-12237	63	26	least	least	ADV
ajfa-12237	63	27	three	three	NUM
ajfa-12237	63	28	years	year	NOUN
ajfa-12237	63	29	.	.	PUNCT
ajfa-12237	64	1	at	at	ADP
ajfa-12237	64	2	this	this	DET
ajfa-12237	64	3	point	point	NOUN
ajfa-12237	64	4	,	,	PUNCT
ajfa-12237	64	5	the	the	DET
ajfa-12237	64	6	average	average	ADJ
ajfa-12237	64	7	cost	cost	NOUN
ajfa-12237	64	8	of	of	ADP
ajfa-12237	64	9	capital	capital	NOUN
ajfa-12237	64	10	after	after	ADP
ajfa-12237	64	11	taxes	taxis	NOUN
ajfa-12237	64	12	is	be	AUX
ajfa-12237	64	13	calculated	calculate	VERB
ajfa-12237	64	14	in	in	ADP
ajfa-12237	64	15	the	the	DET
ajfa-12237	64	16	following	following	ADJ
ajfa-12237	64	17	way	way	NOUN
ajfa-12237	64	18	:	:	PUNCT
ajfa-12237	64	19	c	c	X
ajfa-12237	64	20	=	=	PUNCT
ajfa-12237	65	1	[	[	X
ajfa-12237	65	2	(	(	PUNCT
ajfa-12237	65	3	k	k	NOUN
ajfa-12237	65	4	-	-	PROPN
ajfa-12237	65	5	d	d	NOUN
ajfa-12237	65	6	)	)	PUNCT
ajfa-12237	65	7	×	×	NOUN
ajfa-12237	65	8	y	y	PROPN
ajfa-12237	65	9	+	+	PROPN
ajfa-12237	66	1	d	d	PROPN
ajfa-12237	66	2	×	×	PROPN
ajfa-12237	66	3	b	b	PROPN
ajfa-12237	66	4	×	×	NOUN
ajfa-12237	66	5	(	(	PUNCT
ajfa-12237	66	6	1	1	NUM
ajfa-12237	66	7	-	-	PUNCT
ajfa-12237	66	8	t	t	NOUN
ajfa-12237	66	9	)	)	PUNCT
ajfa-12237	66	10	]	]	PUNCT
ajfa-12237	67	1	÷	÷	PUNCT
ajfa-12237	67	2	k	k	X
ajfa-12237	67	3	(	(	PUNCT
ajfa-12237	67	4	3	3	NUM
ajfa-12237	67	5	)	)	PUNCT
ajfa-12237	67	6	where	where	SCONJ
ajfa-12237	67	7	“	"	PUNCT
ajfa-12237	67	8	d	d	X
ajfa-12237	67	9	”	"	PUNCT
ajfa-12237	67	10	represents	represent	VERB
ajfa-12237	67	11	the	the	DET
ajfa-12237	67	12	average	average	NOUN
ajfa-12237	67	13	of	of	ADP
ajfa-12237	67	14	total	total	ADJ
ajfa-12237	67	15	enterprise	enterprise	NOUN
ajfa-12237	67	16	debt	debt	NOUN
ajfa-12237	67	17	in	in	ADP
ajfa-12237	67	18	two	two	NUM
ajfa-12237	67	19	years	year	NOUN
ajfa-12237	67	20	and	and	CCONJ
ajfa-12237	67	21	“	"	PUNCT
ajfa-12237	67	22	t	t	PROPN
ajfa-12237	67	23	”	"	PUNCT
ajfa-12237	67	24	is	be	AUX
ajfa-12237	67	25	the	the	DET
ajfa-12237	67	26	rate	rate	NOUN
ajfa-12237	67	27	fiscal	fiscal	ADJ
ajfa-12237	67	28	taxation	taxation	NOUN
ajfa-12237	67	29	.	.	PUNCT
ajfa-12237	68	1	emerging	emerge	VERB
ajfa-12237	68	2	data	datum	NOUN
ajfa-12237	68	3	from	from	ADP
ajfa-12237	68	4	the	the	DET
ajfa-12237	68	5	sample	sample	NOUN
ajfa-12237	68	6	.	.	PUNCT
ajfa-12237	69	1	the	the	DET
ajfa-12237	69	2	following	follow	VERB
ajfa-12237	69	3	charts	chart	NOUN
ajfa-12237	69	4	show	show	VERB
ajfa-12237	69	5	the	the	DET
ajfa-12237	69	6	calculation	calculation	NOUN
ajfa-12237	69	7	of	of	ADP
ajfa-12237	69	8	all	all	DET
ajfa-12237	69	9	the	the	DET
ajfa-12237	69	10	dimensions	dimension	NOUN
ajfa-12237	69	11	presented	present	VERB
ajfa-12237	69	12	up	up	ADP
ajfa-12237	69	13	to	to	ADP
ajfa-12237	69	14	now	now	ADV
ajfa-12237	69	15	and	and	CCONJ
ajfa-12237	69	16	afferent	afferent	VERB
ajfa-12237	69	17	to	to	ADP
ajfa-12237	69	18	the	the	DET
ajfa-12237	69	19	aggregate	aggregate	ADJ
ajfa-12237	69	20	enterprise	enterprise	NOUN
ajfa-12237	69	21	sample	sample	NOUN
ajfa-12237	69	22	.	.	PUNCT
ajfa-12237	70	1	it	it	PRON
ajfa-12237	70	2	is	be	AUX
ajfa-12237	70	3	presumed	presume	VERB
ajfa-12237	70	4	that	that	SCONJ
ajfa-12237	70	5	the	the	DET
ajfa-12237	70	6	data	datum	NOUN
ajfa-12237	70	7	has	have	AUX
ajfa-12237	70	8	been	be	AUX
ajfa-12237	70	9	“	"	PUNCT
ajfa-12237	70	10	adjusted	adjust	VERB
ajfa-12237	70	11	”	"	PUNCT
ajfa-12237	70	12	according	accord	VERB
ajfa-12237	70	13	to	to	ADP
ajfa-12237	70	14	the	the	DET
ajfa-12237	70	15	preceding	precede	VERB
ajfa-12237	70	16	description	description	NOUN
ajfa-12237	70	17	.	.	PUNCT
ajfa-12237	71	1	according	accord	VERB
ajfa-12237	71	2	to	to	ADP
ajfa-12237	71	3	the	the	DET
ajfa-12237	71	4	calculations	calculation	NOUN
ajfa-12237	71	5	,	,	PUNCT
ajfa-12237	71	6	the	the	DET
ajfa-12237	71	7	aggregate	aggregate	NOUN
ajfa-12237	71	8	in	in	ADP
ajfa-12237	71	9	question	question	NOUN
ajfa-12237	71	10	realized	realize	VERB
ajfa-12237	71	11	the	the	DET
ajfa-12237	71	12	following	following	NOUN
ajfa-12237	71	13	:	:	PUNCT
ajfa-12237	71	14	−	−	PROPN
ajfa-12237	71	15	in	in	ADP
ajfa-12237	71	16	the	the	DET
ajfa-12237	71	17	period	period	NOUN
ajfa-12237	71	18	2003	2003	NUM
ajfa-12237	71	19	-	-	SYM
ajfa-12237	71	20	2004	2004	NUM
ajfa-12237	71	21	a	a	DET
ajfa-12237	71	22	negative	negative	ADJ
ajfa-12237	71	23	eva	eva	NOUN
ajfa-12237	71	24	equal	equal	ADJ
ajfa-12237	71	25	to	to	ADP
ajfa-12237	71	26	-2.242.499	-2.242.499	VERB
ajfa-12237	71	27	with	with	ADP
ajfa-12237	71	28	a	a	DET
ajfa-12237	71	29	capital	capital	NOUN
ajfa-12237	71	30	return	return	NOUN
ajfa-12237	71	31	inferior	inferior	ADJ
ajfa-12237	71	32	to	to	ADP
ajfa-12237	71	33	1.37	1.37	NUM
ajfa-12237	71	34	%	%	NOUN
ajfa-12237	71	35	with	with	ADP
ajfa-12237	71	36	respect	respect	NOUN
ajfa-12237	71	37	to	to	ADP
ajfa-12237	71	38	its	its	PRON
ajfa-12237	71	39	cost	cost	NOUN
ajfa-12237	71	40	(	(	PUNCT
ajfa-12237	71	41	-1.37	-1.37	NOUN
ajfa-12237	71	42	=	=	NOUN
ajfa-12237	71	43	2.84	2.84	NUM
ajfa-12237	71	44	-	-	NUM
ajfa-12237	71	45	4.21	4.21	NUM
ajfa-12237	71	46	)	)	PUNCT
ajfa-12237	71	47	;	;	PUNCT
ajfa-12237	71	48	asian	asian	ADJ
ajfa-12237	71	49	journal	journal	NOUN
ajfa-12237	71	50	of	of	ADP
ajfa-12237	71	51	finance	finance	PROPN
ajfa-12237	71	52	&	&	CCONJ
ajfa-12237	71	53	accounting	accounting	PROPN
ajfa-12237	71	54	issn	issn	PROPN
ajfa-12237	71	55	1946	1946	NUM
ajfa-12237	71	56	-	-	PUNCT
ajfa-12237	71	57	052x	052x	PROPN
ajfa-12237	71	58	2017	2017	NUM
ajfa-12237	71	59	,	,	PUNCT
ajfa-12237	71	60	vol	vol	NOUN
ajfa-12237	71	61	.	.	NOUN
ajfa-12237	71	62	9	9	NUM
ajfa-12237	71	63	,	,	PUNCT
ajfa-12237	71	64	no	no	NOUN
ajfa-12237	71	65	.	.	NOUN
ajfa-12237	71	66	2	2	NUM
ajfa-12237	71	67	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	71	68	312	312	NUM
ajfa-12237	71	69	−	−	NOUN
ajfa-12237	71	70	in	in	ADP
ajfa-12237	71	71	the	the	DET
ajfa-12237	71	72	period	period	NOUN
ajfa-12237	71	73	2005	2005	NUM
ajfa-12237	71	74	-	-	SYM
ajfa-12237	71	75	2006	2006	NUM
ajfa-12237	71	76	a	a	DET
ajfa-12237	71	77	negative	negative	ADJ
ajfa-12237	71	78	eva	eva	NOUN
ajfa-12237	71	79	equal	equal	ADJ
ajfa-12237	71	80	to	to	ADP
ajfa-12237	71	81	-6.236.067	-6.236.067	NOUN
ajfa-12237	71	82	with	with	ADP
ajfa-12237	71	83	a	a	DET
ajfa-12237	71	84	capital	capital	NOUN
ajfa-12237	71	85	return	return	NOUN
ajfa-12237	71	86	inferior	inferior	ADJ
ajfa-12237	71	87	to	to	ADP
ajfa-12237	71	88	3.63	3.63	NUM
ajfa-12237	71	89	%	%	NOUN
ajfa-12237	71	90	with	with	ADP
ajfa-12237	71	91	respect	respect	NOUN
ajfa-12237	71	92	to	to	ADP
ajfa-12237	71	93	its	its	PRON
ajfa-12237	71	94	cost	cost	NOUN
ajfa-12237	71	95	(	(	PUNCT
ajfa-12237	71	96	-3.63	-3.63	NOUN
ajfa-12237	71	97	=	=	ADJ
ajfa-12237	71	98	-0.33	-0.33	NOUN
ajfa-12237	71	99	-	-	PUNCT
ajfa-12237	71	100	3.30	3.30	NUM
ajfa-12237	71	101	)	)	PUNCT
ajfa-12237	71	102	;	;	PUNCT
ajfa-12237	71	103	−	−	PROPN
ajfa-12237	71	104	in	in	ADP
ajfa-12237	71	105	the	the	DET
ajfa-12237	71	106	period	period	NOUN
ajfa-12237	71	107	2007	2007	NUM
ajfa-12237	71	108	-	-	SYM
ajfa-12237	71	109	2008	2008	NUM
ajfa-12237	71	110	a	a	DET
ajfa-12237	71	111	negative	negative	ADJ
ajfa-12237	71	112	eva	eva	NOUN
ajfa-12237	71	113	equal	equal	ADJ
ajfa-12237	71	114	to	to	AUX
ajfa-12237	71	115	-2.866.099	-2.866.099	VERB
ajfa-12237	71	116	with	with	ADP
ajfa-12237	71	117	a	a	DET
ajfa-12237	71	118	capital	capital	NOUN
ajfa-12237	71	119	return	return	NOUN
ajfa-12237	71	120	inferior	inferior	ADJ
ajfa-12237	71	121	to	to	ADP
ajfa-12237	71	122	2.37	2.37	NUM
ajfa-12237	71	123	%	%	NOUN
ajfa-12237	71	124	with	with	ADP
ajfa-12237	71	125	respect	respect	NOUN
ajfa-12237	71	126	to	to	ADP
ajfa-12237	71	127	its	its	PRON
ajfa-12237	71	128	cost	cost	NOUN
ajfa-12237	71	129	(	(	PUNCT
ajfa-12237	71	130	-2.37	-2.37	NOUN
ajfa-12237	71	131	=	=	NUM
ajfa-12237	71	132	1.75	1.75	NUM
ajfa-12237	71	133	-	-	SYM
ajfa-12237	71	134	4.12	4.12	NUM
ajfa-12237	71	135	)	)	PUNCT
ajfa-12237	71	136	;	;	PUNCT
ajfa-12237	71	137	−	−	PROPN
ajfa-12237	71	138	in	in	ADP
ajfa-12237	71	139	the	the	DET
ajfa-12237	71	140	period	period	NOUN
ajfa-12237	71	141	2009	2009	NUM
ajfa-12237	71	142	-	-	SYM
ajfa-12237	71	143	2010	2010	NUM
ajfa-12237	71	144	a	a	DET
ajfa-12237	71	145	positive	positive	ADJ
ajfa-12237	71	146	eva	eva	NOUN
ajfa-12237	71	147	equal	equal	ADJ
ajfa-12237	71	148	to	to	ADP
ajfa-12237	71	149	683.038	683.038	NUM
ajfa-12237	71	150	with	with	ADP
ajfa-12237	71	151	a	a	DET
ajfa-12237	71	152	capital	capital	NOUN
ajfa-12237	71	153	return	return	NOUN
ajfa-12237	71	154	superior	superior	ADJ
ajfa-12237	71	155	to	to	ADP
ajfa-12237	71	156	0.82	0.82	NUM
ajfa-12237	71	157	%	%	NOUN
ajfa-12237	71	158	with	with	ADP
ajfa-12237	71	159	respect	respect	NOUN
ajfa-12237	71	160	to	to	ADP
ajfa-12237	71	161	its	its	PRON
ajfa-12237	71	162	cost	cost	NOUN
ajfa-12237	71	163	(	(	PUNCT
ajfa-12237	71	164	0.82	0.82	NUM
ajfa-12237	71	165	=	=	SYM
ajfa-12237	71	166	6.54	6.54	NUM
ajfa-12237	71	167	-	-	SYM
ajfa-12237	71	168	5.72	5.72	NUM
ajfa-12237	71	169	)	)	PUNCT
ajfa-12237	71	170	;	;	PUNCT
ajfa-12237	71	171	−	−	PROPN
ajfa-12237	71	172	in	in	ADP
ajfa-12237	71	173	the	the	DET
ajfa-12237	71	174	period	period	NOUN
ajfa-12237	71	175	2011	2011	NUM
ajfa-12237	71	176	-	-	SYM
ajfa-12237	71	177	2012	2012	NUM
ajfa-12237	71	178	a	a	DET
ajfa-12237	71	179	positive	positive	ADJ
ajfa-12237	71	180	eva	eva	NOUN
ajfa-12237	71	181	equal	equal	ADJ
ajfa-12237	71	182	to	to	ADP
ajfa-12237	71	183	5.300.169	5.300.169	NUM
ajfa-12237	71	184	with	with	ADP
ajfa-12237	71	185	a	a	DET
ajfa-12237	71	186	capital	capital	NOUN
ajfa-12237	71	187	return	return	NOUN
ajfa-12237	71	188	superior	superior	ADJ
ajfa-12237	71	189	to	to	ADP
ajfa-12237	71	190	2.24	2.24	NUM
ajfa-12237	71	191	%	%	NOUN
ajfa-12237	71	192	with	with	ADP
ajfa-12237	71	193	respect	respect	NOUN
ajfa-12237	71	194	to	to	ADP
ajfa-12237	71	195	its	its	PRON
ajfa-12237	71	196	cost	cost	NOUN
ajfa-12237	71	197	(	(	PUNCT
ajfa-12237	71	198	2.24	2.24	NUM
ajfa-12237	71	199	=	=	SYM
ajfa-12237	71	200	5.02	5.02	NUM
ajfa-12237	71	201	-	-	SYM
ajfa-12237	71	202	2.78	2.78	NUM
ajfa-12237	71	203	)	)	PUNCT
ajfa-12237	71	204	;	;	PUNCT
ajfa-12237	71	205	−	−	PROPN
ajfa-12237	71	206	in	in	ADP
ajfa-12237	71	207	the	the	DET
ajfa-12237	71	208	period	period	NOUN
ajfa-12237	71	209	2013	2013	NUM
ajfa-12237	71	210	-	-	SYM
ajfa-12237	71	211	2014a	2014a	NUM
ajfa-12237	71	212	negative	negative	ADJ
ajfa-12237	71	213	eva	eva	PROPN
ajfa-12237	71	214	equal	equal	ADJ
ajfa-12237	71	215	to	to	ADP
ajfa-12237	71	216	-4.693.099	-4.693.099	VERB
ajfa-12237	71	217	with	with	ADP
ajfa-12237	71	218	a	a	DET
ajfa-12237	71	219	capital	capital	NOUN
ajfa-12237	71	220	return	return	NOUN
ajfa-12237	71	221	inferior	inferior	ADJ
ajfa-12237	71	222	to	to	ADP
ajfa-12237	71	223	1.14	1.14	NUM
ajfa-12237	71	224	%	%	NOUN
ajfa-12237	71	225	with	with	ADP
ajfa-12237	71	226	respect	respect	NOUN
ajfa-12237	71	227	to	to	ADP
ajfa-12237	71	228	its	its	PRON
ajfa-12237	71	229	cost	cost	NOUN
ajfa-12237	71	230	(	(	PUNCT
ajfa-12237	71	231	-1.14	-1.14	NOUN
ajfa-12237	71	232	=	=	NOUN
ajfa-12237	71	233	2.32	2.32	NUM
ajfa-12237	71	234	-	-	SYM
ajfa-12237	71	235	3.46	3.46	NUM
ajfa-12237	71	236	)	)	PUNCT
ajfa-12237	71	237	.	.	PUNCT
ajfa-12237	72	1	the	the	DET
ajfa-12237	72	2	application	application	NOUN
ajfa-12237	72	3	of	of	ADP
ajfa-12237	72	4	the	the	DET
ajfa-12237	72	5	formula	formula	NOUN
ajfa-12237	72	6	of	of	ADP
ajfa-12237	72	7	value	value	NOUN
ajfa-12237	72	8	creation	creation	NOUN
ajfa-12237	72	9	allows	allow	VERB
ajfa-12237	72	10	the	the	DET
ajfa-12237	72	11	assessment	assessment	NOUN
ajfa-12237	72	12	of	of	ADP
ajfa-12237	72	13	which	which	PRON
ajfa-12237	72	14	enterprises	enterprise	NOUN
ajfa-12237	72	15	create	create	VERB
ajfa-12237	72	16	value	value	NOUN
ajfa-12237	72	17	and	and	CCONJ
ajfa-12237	72	18	which	which	PRON
ajfa-12237	72	19	destroy	destroy	VERB
ajfa-12237	72	20	it	it	PRON
ajfa-12237	72	21	(	(	PUNCT
ajfa-12237	72	22	tab	tab	NOUN
ajfa-12237	72	23	.	.	PUNCT
ajfa-12237	72	24	1	1	NUM
ajfa-12237	72	25	;	;	PUNCT
ajfa-12237	72	26	tab.2	tab.2	NUM
ajfa-12237	72	27	)	)	PUNCT
ajfa-12237	72	28	.	.	PUNCT
ajfa-12237	73	1	table	table	NOUN
ajfa-12237	73	2	1	1	NUM
ajfa-12237	73	3	.	.	PUNCT
ajfa-12237	74	1	estimation	estimation	NOUN
ajfa-12237	74	2	results	result	NOUN
ajfa-12237	74	3	of	of	ADP
ajfa-12237	74	4	eva	eva	NOUN
ajfa-12237	74	5	period	period	NOUN
ajfa-12237	74	6	k	k	PROPN
ajfa-12237	74	7	r	r	NOUN
ajfa-12237	74	8	c	c	PROPN
ajfa-12237	74	9	nopat	nopat	PROPN
ajfa-12237	74	10	eva	eva	PROPN
ajfa-12237	74	11	2003	2003	NUM
ajfa-12237	74	12	-	-	SYM
ajfa-12237	74	13	2004	2004	NUM
ajfa-12237	74	14	1.636.860,58	1.636.860,58	NUM
ajfa-12237	74	15	2,84	2,84	NUM
ajfa-12237	74	16	4,21	4,21	NUM
ajfa-12237	74	17	4.648.684,06	4.648.684,06	NUM
ajfa-12237	75	1	-2.242.499,00	-2.242.499,00	NUM
ajfa-12237	75	2	2005	2005	NUM
ajfa-12237	75	3	-	-	SYM
ajfa-12237	75	4	2006	2006	NUM
ajfa-12237	75	5	2.099.685,86	2.099.685,86	NUM
ajfa-12237	75	6	0,33	0,33	PROPN
ajfa-12237	75	7	3,3	3,3	NUM
ajfa-12237	75	8	692.896,33	692.896,33	NUM
ajfa-12237	75	9	-6.236.067,00	-6.236.067,00	PROPN
ajfa-12237	75	10	2007	2007	NUM
ajfa-12237	75	11	-	-	SYM
ajfa-12237	75	12	2008	2008	NUM
ajfa-12237	75	13	1.209.324,47	1.209.324,47	NUM
ajfa-12237	75	14	1,75	1,75	NUM
ajfa-12237	75	15	4,12	4,12	NUM
ajfa-12237	75	16	2.116.317,83	2.116.317,83	NUM
ajfa-12237	75	17	-2.866.099,00	-2.866.099,00	NUM
ajfa-12237	75	18	2009	2009	NUM
ajfa-12237	75	19	-	-	SYM
ajfa-12237	75	20	2010	2010	NUM
ajfa-12237	75	21	832.973,17	832.973,17	NOUN
ajfa-12237	75	22	6,54	6,54	NUM
ajfa-12237	75	23	5,72	5,72	NUM
ajfa-12237	75	24	5.447.644,54	5.447.644,54	NUM
ajfa-12237	75	25	683.038,00	683.038,00	NUM
ajfa-12237	75	26	2011	2011	NUM
ajfa-12237	75	27	-	-	SYM
ajfa-12237	75	28	2012	2012	NUM
ajfa-12237	75	29	2.366.146,88	2.366.146,88	NUM
ajfa-12237	75	30	5,02	5,02	NUM
ajfa-12237	75	31	2,78	2,78	NUM
ajfa-12237	75	32	11.878.057,31	11.878.057,31	NUM
ajfa-12237	75	33	5.300.169,00	5.300.169,00	NUM
ajfa-12237	75	34	2013	2013	NUM
ajfa-12237	75	35	-	-	SYM
ajfa-12237	75	36	2014	2014	NUM
ajfa-12237	75	37	4.116.753,51	4.116.753,51	NUM
ajfa-12237	75	38	2,32	2,32	NUM
ajfa-12237	75	39	3,46	3,46	NUM
ajfa-12237	75	40	9.550.868,14	9.550.868,14	NOUN
ajfa-12237	76	1	-4.693.099,00	-4.693.099,00	PUNCT
ajfa-12237	76	2	source	source	NOUN
ajfa-12237	76	3	:	:	PUNCT
ajfa-12237	76	4	our	our	PRON
ajfa-12237	76	5	elaboration	elaboration	NOUN
ajfa-12237	76	6	on	on	ADP
ajfa-12237	76	7	“	"	PUNCT
ajfa-12237	76	8	aida	aida	PROPN
ajfa-12237	76	9	”	"	PUNCT
ajfa-12237	76	10	data	datum	NOUN
ajfa-12237	76	11	table	table	NOUN
ajfa-12237	76	12	2	2	NUM
ajfa-12237	76	13	.	.	PUNCT
ajfa-12237	76	14	financial	financial	ADJ
ajfa-12237	76	15	statements	statement	NOUN
ajfa-12237	76	16	data	datum	NOUN
ajfa-12237	76	17	period	period	NOUN
ajfa-12237	76	18	net	net	ADJ
ajfa-12237	76	19	income	income	NOUN
ajfa-12237	76	20	net	net	ADJ
ajfa-12237	76	21	cash	cash	NOUN
ajfa-12237	76	22	flow	flow	NOUN
ajfa-12237	76	23	equity	equity	NOUN
ajfa-12237	76	24	capital	capital	NOUN
ajfa-12237	76	25	total	total	ADJ
ajfa-12237	76	26	assets	asset	NOUN
ajfa-12237	76	27	roe	roe	PROPN
ajfa-12237	76	28	roa	roa	PROPN
ajfa-12237	76	29	2003	2003	NUM
ajfa-12237	76	30	-	-	SYM
ajfa-12237	76	31	2004	2004	NUM
ajfa-12237	76	32	18.260,00	18.260,00	NUM
ajfa-12237	76	33	1.022.710,49	1.022.710,49	NUM
ajfa-12237	76	34	1.489.543,13	1.489.543,13	NUM
ajfa-12237	76	35	2.127.918,76	2.127.918,76	NUM
ajfa-12237	76	36	1,23	1,23	NUM
ajfa-12237	76	37	%	%	NOUN
ajfa-12237	76	38	0,86	0,86	NOUN
ajfa-12237	76	39	%	%	NOUN
ajfa-12237	76	40	2005	2005	NUM
ajfa-12237	76	41	-	-	SYM
ajfa-12237	76	42	2006	2006	NUM
ajfa-12237	76	43	15.210,00	15.210,00	NUM
ajfa-12237	76	44	152.437,19	152.437,19	NUM
ajfa-12237	76	45	1.910.714,13	1.910.714,13	NUM
ajfa-12237	76	46	2.729.591,62	2.729.591,62	NUM
ajfa-12237	76	47	0,80	0,80	NUM
ajfa-12237	76	48	%	%	NOUN
ajfa-12237	76	49	0,56	0,56	NOUN
ajfa-12237	76	50	%	%	NOUN
ajfa-12237	76	51	2007	2007	NUM
ajfa-12237	76	52	-	-	SYM
ajfa-12237	76	53	2008	2008	NUM
ajfa-12237	76	54	22.000,00	22.000,00	NUM
ajfa-12237	76	55	465.589,92	465.589,92	NOUN
ajfa-12237	76	56	1.100.485,27	1.100.485,27	NUM
ajfa-12237	76	57	1.572.121,81	1.572.121,81	NUM
ajfa-12237	76	58	2,00	2,00	NUM
ajfa-12237	76	59	%	%	NOUN
ajfa-12237	76	60	1,40	1,40	NUM
ajfa-12237	76	61	%	%	NOUN
ajfa-12237	76	62	2009	2009	NUM
ajfa-12237	76	63	-	-	SYM
ajfa-12237	76	64	2010	2010	NUM
ajfa-12237	76	65	72.589,00	72.589,00	NUM
ajfa-12237	76	66	1.198.481,80	1.198.481,80	NUM
ajfa-12237	76	67	758.005,59	758.005,59	NUM
ajfa-12237	76	68	1.082.865,12	1.082.865,12	NUM
ajfa-12237	76	69	9,58	9,58	NUM
ajfa-12237	76	70	%	%	NOUN
ajfa-12237	76	71	6,70	6,70	NOUN
ajfa-12237	76	72	%	%	NOUN
ajfa-12237	76	73	2011	2011	NUM
ajfa-12237	76	74	-	-	SYM
ajfa-12237	76	75	2012	2012	NUM
ajfa-12237	76	76	225.879,00	225.879,00	NUM
ajfa-12237	76	77	2.613.172,61	2.613.172,61	NUM
ajfa-12237	76	78	2.153.193,66	2.153.193,66	NUM
ajfa-12237	76	79	3.075.990,94	3.075.990,94	NUM
ajfa-12237	76	80	10,49	10,49	NUM
ajfa-12237	76	81	%	%	NOUN
ajfa-12237	76	82	7,34	7,34	NUM
ajfa-12237	76	83	%	%	NOUN
ajfa-12237	76	84	2013	2013	NUM
ajfa-12237	76	85	-	-	SYM
ajfa-12237	76	86	2014	2014	NUM
ajfa-12237	76	87	61.458,00	61.458,00	NUM
ajfa-12237	76	88	764.069,45	764.069,45	NUM
ajfa-12237	76	89	3.746.245,69	3.746.245,69	NUM
ajfa-12237	76	90	5.351.779,56	5.351.779,56	NUM
ajfa-12237	76	91	1,64	1,64	NUM
ajfa-12237	76	92	%	%	NOUN
ajfa-12237	76	93	1,15	1,15	NUM
ajfa-12237	76	94	%	%	NOUN
ajfa-12237	76	95	source	source	NOUN
ajfa-12237	76	96	:	:	PUNCT
ajfa-12237	76	97	our	our	PRON
ajfa-12237	76	98	elaboration	elaboration	NOUN
ajfa-12237	76	99	on	on	ADP
ajfa-12237	76	100	“	"	PUNCT
ajfa-12237	76	101	aida	aida	PROPN
ajfa-12237	76	102	”	"	PUNCT
ajfa-12237	76	103	data	datum	NOUN
ajfa-12237	76	104	the	the	DET
ajfa-12237	76	105	next	next	ADJ
ajfa-12237	76	106	step	step	NOUN
ajfa-12237	76	107	in	in	ADP
ajfa-12237	76	108	the	the	DET
ajfa-12237	76	109	investigative	investigative	ADJ
ajfa-12237	76	110	methodology	methodology	NOUN
ajfa-12237	76	111	is	be	AUX
ajfa-12237	76	112	to	to	PART
ajfa-12237	76	113	single	single	VERB
ajfa-12237	76	114	out	out	ADP
ajfa-12237	76	115	how	how	SCONJ
ajfa-12237	76	116	enterprise	enterprise	NOUN
ajfa-12237	76	117	profits	profit	NOUN
ajfa-12237	76	118	,	,	PUNCT
ajfa-12237	76	119	directly	directly	ADV
ajfa-12237	76	120	responsible	responsible	ADJ
ajfa-12237	76	121	for	for	ADP
ajfa-12237	76	122	the	the	DET
ajfa-12237	76	123	measure	measure	NOUN
ajfa-12237	76	124	of	of	ADP
ajfa-12237	76	125	enterprise	enterprise	NOUN
ajfa-12237	76	126	value	value	NOUN
ajfa-12237	76	127	,	,	PUNCT
ajfa-12237	76	128	are	be	AUX
ajfa-12237	76	129	referable	referable	ADJ
ajfa-12237	76	130	to	to	ADP
ajfa-12237	76	131	phenomena	phenomenon	NOUN
ajfa-12237	76	132	linked	link	VERB
ajfa-12237	76	133	to	to	ADP
ajfa-12237	76	134	the	the	DET
ajfa-12237	76	135	generating	generating	NOUN
ajfa-12237	76	136	processes	process	NOUN
ajfa-12237	76	137	of	of	ADP
ajfa-12237	76	138	diversification	diversification	NOUN
ajfa-12237	76	139	.	.	PUNCT
ajfa-12237	77	1	for	for	ADP
ajfa-12237	77	2	this	this	DET
ajfa-12237	77	3	purpose	purpose	NOUN
ajfa-12237	77	4	,	,	PUNCT
ajfa-12237	77	5	figure	figure	NOUN
ajfa-12237	77	6	1	1	NUM
ajfa-12237	77	7	singles	single	NOUN
ajfa-12237	77	8	out	out	ADP
ajfa-12237	77	9	the	the	DET
ajfa-12237	77	10	variables	variable	NOUN
ajfa-12237	77	11	,	,	PUNCT
ajfa-12237	77	12	which	which	PRON
ajfa-12237	77	13	influence	influence	VERB
ajfa-12237	77	14	enterprise	enterprise	NOUN
ajfa-12237	77	15	value	value	NOUN
ajfa-12237	77	16	and	and	CCONJ
ajfa-12237	77	17	our	our	PRON
ajfa-12237	77	18	suggested	suggested	ADJ
ajfa-12237	77	19	model	model	NOUN
ajfa-12237	77	20	for	for	ADP
ajfa-12237	77	21	the	the	DET
ajfa-12237	77	22	investigation	investigation	NOUN
ajfa-12237	77	23	.	.	PUNCT
ajfa-12237	78	1	asian	asian	ADJ
ajfa-12237	78	2	journal	journal	PROPN
ajfa-12237	78	3	of	of	ADP
ajfa-12237	78	4	finance	finance	PROPN
ajfa-12237	78	5	&	&	CCONJ
ajfa-12237	78	6	accounting	accounting	PROPN
ajfa-12237	78	7	issn	issn	PROPN
ajfa-12237	78	8	1946	1946	NUM
ajfa-12237	78	9	-	-	PUNCT
ajfa-12237	78	10	052x	052x	PROPN
ajfa-12237	78	11	2017	2017	NUM
ajfa-12237	78	12	,	,	PUNCT
ajfa-12237	78	13	vol	vol	NOUN
ajfa-12237	78	14	.	.	NOUN
ajfa-12237	78	15	9	9	NUM
ajfa-12237	78	16	,	,	PUNCT
ajfa-12237	78	17	no	no	INTJ
ajfa-12237	78	18	.	.	NOUN
ajfa-12237	78	19	2	2	NUM
ajfa-12237	78	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	78	21	313	313	NUM
ajfa-12237	78	22	figure	figure	NOUN
ajfa-12237	78	23	1	1	NUM
ajfa-12237	78	24	.	.	PUNCT
ajfa-12237	79	1	generators	generator	NOUN
ajfa-12237	79	2	of	of	ADP
ajfa-12237	79	3	enterprise	enterprise	NOUN
ajfa-12237	79	4	value	value	NOUN
ajfa-12237	79	5	in	in	ADP
ajfa-12237	79	6	the	the	DET
ajfa-12237	79	7	construction	construction	NOUN
ajfa-12237	79	8	of	of	ADP
ajfa-12237	79	9	a	a	DET
ajfa-12237	79	10	theoretical	theoretical	ADJ
ajfa-12237	79	11	model	model	NOUN
ajfa-12237	79	12	,	,	PUNCT
ajfa-12237	79	13	the	the	DET
ajfa-12237	79	14	value	value	NOUN
ajfa-12237	79	15	is	be	AUX
ajfa-12237	79	16	the	the	DET
ajfa-12237	79	17	result	result	NOUN
ajfa-12237	79	18	of	of	ADP
ajfa-12237	79	19	a	a	DET
ajfa-12237	79	20	series	series	NOUN
ajfa-12237	79	21	of	of	ADP
ajfa-12237	79	22	phenomena	phenomenon	NOUN
ajfa-12237	79	23	expressed	express	VERB
ajfa-12237	79	24	qualitatively	qualitatively	ADV
ajfa-12237	79	25	and	and	CCONJ
ajfa-12237	79	26	quantitatively	quantitatively	ADV
ajfa-12237	79	27	by	by	ADP
ajfa-12237	79	28	enterprise	enterprise	NOUN
ajfa-12237	79	29	management	management	NOUN
ajfa-12237	79	30	and	and	CCONJ
ajfa-12237	79	31	absolutely	absolutely	ADV
ajfa-12237	79	32	interdependent	interdependent	ADJ
ajfa-12237	79	33	.	.	PUNCT
ajfa-12237	80	1	the	the	DET
ajfa-12237	80	2	presumption	presumption	NOUN
ajfa-12237	80	3	of	of	ADP
ajfa-12237	80	4	the	the	DET
ajfa-12237	80	5	analysis	analysis	NOUN
ajfa-12237	80	6	is	be	AUX
ajfa-12237	80	7	that	that	SCONJ
ajfa-12237	80	8	functional	functional	ADJ
ajfa-12237	80	9	managing	managing	NOUN
ajfa-12237	80	10	facts	fact	NOUN
ajfa-12237	80	11	which	which	PRON
ajfa-12237	80	12	generate	generate	VERB
ajfa-12237	80	13	diversification	diversification	NOUN
ajfa-12237	80	14	and	and	CCONJ
ajfa-12237	80	15	measurable	measurable	ADJ
ajfa-12237	80	16	with	with	ADP
ajfa-12237	80	17	the	the	DET
ajfa-12237	80	18	aid	aid	NOUN
ajfa-12237	80	19	of	of	ADP
ajfa-12237	80	20	micro	micro	NOUN
ajfa-12237	80	21	-	-	NOUN
ajfa-12237	80	22	drivers	driver	NOUN
ajfa-12237	80	23	(	(	PUNCT
ajfa-12237	80	24	having	have	VERB
ajfa-12237	80	25	no	no	DET
ajfa-12237	80	26	financial	financial	ADJ
ajfa-12237	80	27	value	value	NOUN
ajfa-12237	80	28	)	)	PUNCT
ajfa-12237	80	29	influence	influence	NOUN
ajfa-12237	80	30	the	the	DET
ajfa-12237	80	31	macro	macro	NOUN
ajfa-12237	80	32	-	-	NOUN
ajfa-12237	80	33	drivers	driver	NOUN
ajfa-12237	80	34	(	(	PUNCT
ajfa-12237	80	35	having	have	VERB
ajfa-12237	80	36	economical	economical	ADJ
ajfa-12237	80	37	-	-	PUNCT
ajfa-12237	80	38	financial	financial	ADJ
ajfa-12237	80	39	value	value	NOUN
ajfa-12237	80	40	)	)	PUNCT
ajfa-12237	80	41	as	as	SCONJ
ajfa-12237	80	42	they	they	PRON
ajfa-12237	80	43	are	be	AUX
ajfa-12237	80	44	destroyers	destroyer	NOUN
ajfa-12237	80	45	and/or	and/or	CCONJ
ajfa-12237	80	46	generators	generator	NOUN
ajfa-12237	80	47	of	of	ADP
ajfa-12237	80	48	value	value	NOUN
ajfa-12237	80	49	.	.	PUNCT
ajfa-12237	81	1	in	in	ADP
ajfa-12237	81	2	the	the	DET
ajfa-12237	81	3	sphere	sphere	NOUN
ajfa-12237	81	4	of	of	ADP
ajfa-12237	81	5	diversification	diversification	NOUN
ajfa-12237	81	6	measurement	measurement	NOUN
ajfa-12237	81	7	,	,	PUNCT
ajfa-12237	81	8	the	the	DET
ajfa-12237	81	9	value	value	NOUN
ajfa-12237	81	10	micro	micro	NOUN
ajfa-12237	81	11	-	-	NOUN
ajfa-12237	81	12	drivers	driver	NOUN
ajfa-12237	81	13	are	be	AUX
ajfa-12237	81	14	indicators	indicator	NOUN
ajfa-12237	81	15	of	of	ADP
ajfa-12237	81	16	performance	performance	NOUN
ajfa-12237	81	17	with	with	ADP
ajfa-12237	81	18	regards	regard	NOUN
ajfa-12237	81	19	to	to	ADP
ajfa-12237	81	20	output	output	NOUN
ajfa-12237	81	21	parameters	parameter	NOUN
ajfa-12237	81	22	and	and	CCONJ
ajfa-12237	81	23	analyzed	analyze	VERB
ajfa-12237	81	24	at	at	ADP
ajfa-12237	81	25	the	the	DET
ajfa-12237	81	26	end	end	NOUN
ajfa-12237	81	27	of	of	ADP
ajfa-12237	81	28	the	the	DET
ajfa-12237	81	29	assessment	assessment	NOUN
ajfa-12237	81	30	of	of	ADP
ajfa-12237	81	31	the	the	DET
ajfa-12237	81	32	level	level	NOUN
ajfa-12237	81	33	of	of	ADP
ajfa-12237	81	34	efficiency	efficiency	NOUN
ajfa-12237	81	35	of	of	ADP
ajfa-12237	81	36	an	an	DET
ajfa-12237	81	37	enterprise	enterprise	NOUN
ajfa-12237	81	38	system	system	NOUN
ajfa-12237	81	39	expressed	express	VERB
ajfa-12237	81	40	as	as	ADP
ajfa-12237	81	41	level	level	NOUN
ajfa-12237	81	42	of	of	ADP
ajfa-12237	81	43	growth	growth	NOUN
ajfa-12237	81	44	of	of	ADP
ajfa-12237	81	45	enterprise	enterprise	NOUN
ajfa-12237	81	46	value	value	NOUN
ajfa-12237	81	47	.	.	PUNCT
ajfa-12237	82	1	the	the	DET
ajfa-12237	82	2	following	follow	VERB
ajfa-12237	82	3	step	step	NOUN
ajfa-12237	82	4	in	in	ADP
ajfa-12237	82	5	defining	define	VERB
ajfa-12237	82	6	the	the	DET
ajfa-12237	82	7	investigation	investigation	NOUN
ajfa-12237	82	8	is	be	AUX
ajfa-12237	82	9	to	to	PART
ajfa-12237	82	10	establish	establish	VERB
ajfa-12237	82	11	a	a	DET
ajfa-12237	82	12	relationship	relationship	NOUN
ajfa-12237	82	13	between	between	ADP
ajfa-12237	82	14	macro	macro	NOUN
ajfa-12237	82	15	-	-	NOUN
ajfa-12237	82	16	drivers	driver	NOUN
ajfa-12237	82	17	and	and	CCONJ
ajfa-12237	82	18	series	series	PROPN
ajfa-12237	82	19	value	value	PROPN
ajfa-12237	82	20	micro	micro	NOUN
ajfa-12237	82	21	-	-	NOUN
ajfa-12237	82	22	drivers	driver	NOUN
ajfa-12237	82	23	.	.	PUNCT
ajfa-12237	83	1	our	our	PRON
ajfa-12237	83	2	research	research	NOUN
ajfa-12237	83	3	,	,	PUNCT
ajfa-12237	83	4	with	with	ADP
ajfa-12237	83	5	regards	regard	NOUN
ajfa-12237	83	6	to	to	ADP
ajfa-12237	83	7	a	a	DET
ajfa-12237	83	8	theoretical	theoretical	ADJ
ajfa-12237	83	9	model	model	NOUN
ajfa-12237	83	10	projected	project	VERB
ajfa-12237	83	11	and	and	CCONJ
ajfa-12237	83	12	used	use	VERB
ajfa-12237	83	13	to	to	PART
ajfa-12237	83	14	demonstrate	demonstrate	VERB
ajfa-12237	83	15	the	the	DET
ajfa-12237	83	16	relational	relational	ADJ
ajfa-12237	83	17	logic	logic	NOUN
ajfa-12237	83	18	of	of	ADP
ajfa-12237	83	19	cause	cause	NOUN
ajfa-12237	83	20	and	and	CCONJ
ajfa-12237	83	21	effect	effect	NOUN
ajfa-12237	83	22	,	,	PUNCT
ajfa-12237	83	23	where	where	SCONJ
ajfa-12237	83	24	financial	financial	ADJ
ajfa-12237	83	25	incentives	incentive	VERB
ajfa-12237	83	26	activators	activator	NOUN
ajfa-12237	83	27	of	of	ADP
ajfa-12237	83	28	diversification	diversification	NOUN
ajfa-12237	83	29	strategies	strategy	NOUN
ajfa-12237	83	30	(	(	PUNCT
ajfa-12237	83	31	and	and	CCONJ
ajfa-12237	83	32	demonstrable	demonstrable	ADJ
ajfa-12237	83	33	with	with	ADP
ajfa-12237	83	34	the	the	DET
ajfa-12237	83	35	questionnaires	questionnaire	NOUN
ajfa-12237	83	36	)	)	PUNCT
ajfa-12237	83	37	,	,	PUNCT
ajfa-12237	83	38	produce	produce	VERB
ajfa-12237	83	39	effects	effect	NOUN
ajfa-12237	83	40	on	on	ADP
ajfa-12237	83	41	the	the	DET
ajfa-12237	83	42	enterprise	enterprise	NOUN
ajfa-12237	83	43	value	value	NOUN
ajfa-12237	83	44	creation	creation	NOUN
ajfa-12237	83	45	,	,	PUNCT
ajfa-12237	83	46	focuses	focus	VERB
ajfa-12237	83	47	the	the	DET
ajfa-12237	83	48	investigation	investigation	NOUN
ajfa-12237	83	49	on	on	ADP
ajfa-12237	83	50	the	the	DET
ajfa-12237	83	51	demonstration	demonstration	NOUN
ajfa-12237	83	52	of	of	ADP
ajfa-12237	83	53	the	the	DET
ajfa-12237	83	54	relations	relation	NOUN
ajfa-12237	83	55	relating	relate	VERB
ajfa-12237	83	56	solely	solely	ADV
ajfa-12237	83	57	to	to	ADP
ajfa-12237	83	58	rate	rate	NOUN
ajfa-12237	83	59	of	of	ADP
ajfa-12237	83	60	growth	growth	NOUN
ajfa-12237	83	61	of	of	ADP
ajfa-12237	83	62	the	the	DET
ajfa-12237	83	63	turnover	turnover	NOUN
ajfa-12237	83	64	linked	link	VERB
ajfa-12237	83	65	to	to	ADP
ajfa-12237	83	66	the	the	DET
ajfa-12237	83	67	magnitude	magnitude	NOUN
ajfa-12237	83	68	of	of	ADP
ajfa-12237	83	69	the	the	DET
ajfa-12237	83	70	range	range	NOUN
ajfa-12237	83	71	of	of	ADP
ajfa-12237	83	72	company	company	NOUN
ajfa-12237	83	73	products	product	NOUN
ajfa-12237	83	74	.	.	PUNCT
ajfa-12237	84	1	survey	survey	NOUN
ajfa-12237	84	2	questionnaires	questionnaire	NOUN
ajfa-12237	84	3	highlighted	highlight	VERB
ajfa-12237	84	4	,	,	PUNCT
ajfa-12237	84	5	in	in	ADP
ajfa-12237	84	6	synthesis	synthesis	NOUN
ajfa-12237	84	7	,	,	PUNCT
ajfa-12237	84	8	how	how	SCONJ
ajfa-12237	84	9	government	government	NOUN
ajfa-12237	84	10	grants	grant	NOUN
ajfa-12237	84	11	have	have	VERB
ajfa-12237	84	12	a	a	DET
ajfa-12237	84	13	significant	significant	ADJ
ajfa-12237	84	14	impact	impact	NOUN
ajfa-12237	84	15	on	on	ADP
ajfa-12237	84	16	extent	extent	NOUN
ajfa-12237	84	17	product	product	NOUN
ajfa-12237	84	18	range	range	NOUN
ajfa-12237	84	19	.	.	PUNCT
ajfa-12237	85	1	the	the	DET
ajfa-12237	85	2	results	result	NOUN
ajfa-12237	85	3	are	be	AUX
ajfa-12237	85	4	given	give	VERB
ajfa-12237	85	5	table	table	NOUN
ajfa-12237	85	6	3	3	NUM
ajfa-12237	85	7	.	.	PUNCT
ajfa-12237	85	8	asian	asian	ADJ
ajfa-12237	85	9	journal	journal	PROPN
ajfa-12237	85	10	of	of	ADP
ajfa-12237	85	11	finance	finance	PROPN
ajfa-12237	85	12	&	&	CCONJ
ajfa-12237	85	13	accounting	accounting	PROPN
ajfa-12237	85	14	issn	issn	PROPN
ajfa-12237	85	15	1946	1946	NUM
ajfa-12237	85	16	-	-	PUNCT
ajfa-12237	85	17	052x	052x	PROPN
ajfa-12237	85	18	2017	2017	NUM
ajfa-12237	85	19	,	,	PUNCT
ajfa-12237	85	20	vol	vol	NOUN
ajfa-12237	85	21	.	.	NOUN
ajfa-12237	86	1	9	9	NUM
ajfa-12237	86	2	,	,	PUNCT
ajfa-12237	86	3	no	no	INTJ
ajfa-12237	86	4	.	.	NOUN
ajfa-12237	86	5	2	2	NUM
ajfa-12237	86	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	86	7	314	314	NUM
ajfa-12237	86	8	table	table	NOUN
ajfa-12237	86	9	3	3	NUM
ajfa-12237	86	10	.	.	X
ajfa-12237	86	11	correlation	correlation	NOUN
ajfa-12237	86	12	between	between	ADP
ajfa-12237	86	13	“	"	PUNCT
ajfa-12237	86	14	government	government	NOUN
ajfa-12237	86	15	grant	grant	NOUN
ajfa-12237	86	16	”	"	PUNCT
ajfa-12237	86	17	and	and	CCONJ
ajfa-12237	86	18	“	"	PUNCT
ajfa-12237	86	19	extent	extent	NOUN
ajfa-12237	86	20	product	product	NOUN
ajfa-12237	86	21	range	range	NOUN
ajfa-12237	86	22	”	"	PUNCT
ajfa-12237	86	23	variable	variable	ADJ
ajfa-12237	86	24	regression	regression	NOUN
ajfa-12237	86	25	coefficients	coefficient	NOUN
ajfa-12237	86	26	(	(	PUNCT
ajfa-12237	86	27	t	t	NOUN
ajfa-12237	86	28	-	-	PUNCT
ajfa-12237	86	29	statistics	statistic	NOUN
ajfa-12237	86	30	in	in	ADP
ajfa-12237	86	31	parentheses	parenthesis	NOUN
ajfa-12237	86	32	)	)	PUNCT
ajfa-12237	86	33	statistical	statistical	ADJ
ajfa-12237	86	34	relationship	relationship	NOUN
ajfa-12237	86	35	between	between	ADP
ajfa-12237	86	36	government	government	NOUN
ajfa-12237	86	37	grant	grant	NOUN
ajfa-12237	86	38	andextent	andextent	NOUN
ajfa-12237	86	39	product	product	NOUN
ajfa-12237	86	40	range	range	VERB
ajfa-12237	86	41	12.5	12.5	NUM
ajfa-12237	86	42	(	(	PUNCT
ajfa-12237	86	43	16.8	16.8	NUM
ajfa-12237	86	44	)	)	PUNCT
ajfa-12237	86	45	adjusted	adjust	VERB
ajfa-12237	86	46	-	-	PUNCT
ajfa-12237	86	47	r2	r2	NOUN
ajfa-12237	86	48	0.3810	0.3810	NUM
ajfa-12237	86	49	source	source	NOUN
ajfa-12237	86	50	:	:	PUNCT
ajfa-12237	86	51	our	our	PRON
ajfa-12237	86	52	elaboration	elaboration	NOUN
ajfa-12237	86	53	on	on	ADP
ajfa-12237	86	54	survey	survey	NOUN
ajfa-12237	86	55	questionnaires	questionnaire	NOUN
ajfa-12237	86	56	to	to	PART
ajfa-12237	86	57	understand	understand	VERB
ajfa-12237	86	58	how	how	SCONJ
ajfa-12237	86	59	the	the	DET
ajfa-12237	86	60	value	value	NOUN
ajfa-12237	86	61	driver	driver	NOUN
ajfa-12237	86	62	(	(	PUNCT
ajfa-12237	86	63	turnover	turnover	NOUN
ajfa-12237	86	64	)	)	PUNCT
ajfa-12237	86	65	relates	relate	VERB
ajfa-12237	86	66	to	to	ADP
ajfa-12237	86	67	diversification	diversification	NOUN
ajfa-12237	86	68	(	(	PUNCT
ajfa-12237	86	69	magnitude	magnitude	NOUN
ajfa-12237	86	70	of	of	ADP
ajfa-12237	86	71	product	product	NOUN
ajfa-12237	86	72	range	range	NOUN
ajfa-12237	86	73	)	)	PUNCT
ajfa-12237	86	74	,	,	PUNCT
ajfa-12237	86	75	the	the	DET
ajfa-12237	86	76	investigation	investigation	NOUN
ajfa-12237	86	77	uses	use	VERB
ajfa-12237	86	78	an	an	DET
ajfa-12237	86	79	econometric	econometric	ADJ
ajfa-12237	86	80	model	model	NOUN
ajfa-12237	86	81	which	which	PRON
ajfa-12237	86	82	allows	allow	VERB
ajfa-12237	86	83	to	to	PART
ajfa-12237	86	84	evaluate	evaluate	VERB
ajfa-12237	86	85	the	the	DET
ajfa-12237	86	86	effect	effect	NOUN
ajfa-12237	86	87	of	of	ADP
ajfa-12237	86	88	value	value	NOUN
ajfa-12237	86	89	creation	creation	NOUN
ajfa-12237	86	90	following	follow	VERB
ajfa-12237	86	91	a	a	DET
ajfa-12237	86	92	change	change	NOUN
ajfa-12237	86	93	in	in	ADP
ajfa-12237	86	94	the	the	DET
ajfa-12237	86	95	parameter	parameter	NOUN
ajfa-12237	86	96	measuring	measure	VERB
ajfa-12237	86	97	diversification	diversification	NOUN
ajfa-12237	86	98	in	in	ADP
ajfa-12237	86	99	the	the	DET
ajfa-12237	86	100	sample	sample	NOUN
ajfa-12237	86	101	enterprises	enterprise	NOUN
ajfa-12237	86	102	.	.	PUNCT
ajfa-12237	87	1	for	for	ADP
ajfa-12237	87	2	this	this	DET
ajfa-12237	87	3	purpose	purpose	NOUN
ajfa-12237	87	4	,	,	PUNCT
ajfa-12237	87	5	statistical	statistical	ADJ
ajfa-12237	87	6	instruments	instrument	NOUN
ajfa-12237	87	7	directed	direct	VERB
ajfa-12237	87	8	to	to	PART
ajfa-12237	87	9	investigate	investigate	VERB
ajfa-12237	87	10	the	the	DET
ajfa-12237	87	11	sensitivity	sensitivity	NOUN
ajfa-12237	87	12	(	(	PUNCT
ajfa-12237	87	13	ß	ß	NOUN
ajfa-12237	87	14	)	)	PUNCT
ajfa-12237	87	15	of	of	ADP
ajfa-12237	87	16	the	the	DET
ajfa-12237	87	17	independent	independent	ADJ
ajfa-12237	87	18	variable	variable	NOUN
ajfa-12237	87	19	(	(	PUNCT
ajfa-12237	87	20	micro	micro	NOUN
ajfa-12237	87	21	-	-	NOUN
ajfa-12237	87	22	driver	driver	NOUN
ajfa-12237	87	23	)	)	PUNCT
ajfa-12237	87	24	compared	compare	VERB
ajfa-12237	87	25	to	to	ADP
ajfa-12237	87	26	the	the	DET
ajfa-12237	87	27	dependent	dependent	ADJ
ajfa-12237	87	28	variable	variable	NOUN
ajfa-12237	87	29	(	(	PUNCT
ajfa-12237	87	30	macro	macro	NOUN
ajfa-12237	87	31	-	-	NOUN
ajfa-12237	87	32	driver	driver	NOUN
ajfa-12237	87	33	)	)	PUNCT
ajfa-12237	87	34	is	be	AUX
ajfa-12237	87	35	used	use	VERB
ajfa-12237	87	36	and	and	CCONJ
ajfa-12237	87	37	it	it	PRON
ajfa-12237	87	38	is	be	AUX
ajfa-12237	87	39	represented	represent	VERB
ajfa-12237	87	40	in	in	ADP
ajfa-12237	87	41	the	the	DET
ajfa-12237	87	42	equation	equation	NOUN
ajfa-12237	87	43	of	of	ADP
ajfa-12237	87	44	straight	straight	ADJ
ajfa-12237	87	45	-	-	PUNCT
ajfa-12237	87	46	line	line	NOUN
ajfa-12237	87	47	regression	regression	NOUN
ajfa-12237	87	48	:	:	PUNCT
ajfa-12237	87	49	y	y	PROPN
ajfa-12237	87	50	=	=	PUNCT
ajfa-12237	87	51	a	a	PROPN
ajfa-12237	87	52	–	–	PUNCT
ajfa-12237	87	53	βx	βx	X
ajfa-12237	87	54	(	(	PUNCT
ajfa-12237	87	55	4	4	X
ajfa-12237	87	56	)	)	PUNCT
ajfa-12237	87	57	the	the	DET
ajfa-12237	87	58	sensitivity	sensitivity	NOUN
ajfa-12237	87	59	,	,	PUNCT
ajfa-12237	87	60	about	about	ADP
ajfa-12237	87	61	the	the	DET
ajfa-12237	87	62	demonstration	demonstration	NOUN
ajfa-12237	87	63	,	,	PUNCT
ajfa-12237	87	64	is	be	AUX
ajfa-12237	87	65	calculated	calculate	VERB
ajfa-12237	87	66	with	with	ADP
ajfa-12237	87	67	the	the	DET
ajfa-12237	87	68	following	follow	VERB
ajfa-12237	87	69	formula	formula	NOUN
ajfa-12237	87	70	:	:	PUNCT
ajfa-12237	87	71	β	β	X
ajfa-12237	87	72	=	=	PUNCT
ajfa-12237	87	73	(	(	PUNCT
ajfa-12237	87	74	/	/	SYM
ajfa-12237	87	75	,	,	PUNCT
ajfa-12237	87	76	)	)	PUNCT
ajfa-12237	87	77	(	(	PUNCT
ajfa-12237	87	78	/	/	SYM
ajfa-12237	87	79	)	)	PUNCT
ajfa-12237	87	80	(	(	PUNCT
ajfa-12237	87	81	5	5	X
ajfa-12237	87	82	)	)	PUNCT
ajfa-12237	87	83	the	the	DET
ajfa-12237	87	84	equation	equation	NOUN
ajfa-12237	87	85	of	of	ADP
ajfa-12237	87	86	straight	straight	ADJ
ajfa-12237	87	87	line	line	NOUN
ajfa-12237	87	88	regression	regression	NOUN
ajfa-12237	87	89	,	,	PUNCT
ajfa-12237	87	90	represents	represent	VERB
ajfa-12237	87	91	the	the	DET
ajfa-12237	87	92	linear	linear	ADJ
ajfa-12237	87	93	function	function	NOUN
ajfa-12237	87	94	which	which	PRON
ajfa-12237	87	95	describes	describe	VERB
ajfa-12237	87	96	in	in	ADP
ajfa-12237	87	97	the	the	DET
ajfa-12237	87	98	best	good	ADJ
ajfa-12237	87	99	of	of	ADP
ajfa-12237	87	100	ways	way	NOUN
ajfa-12237	87	101	turnover	turnover	NOUN
ajfa-12237	87	102	growth	growth	NOUN
ajfa-12237	87	103	(	(	PUNCT
ajfa-12237	87	104	the	the	DET
ajfa-12237	87	105	dependent	dependent	ADJ
ajfa-12237	87	106	variable	variable	ADJ
ajfa-12237	87	107	“	"	PUNCT
ajfa-12237	87	108	y	y	NOUN
ajfa-12237	87	109	”	"	PUNCT
ajfa-12237	87	110	in	in	ADP
ajfa-12237	87	111	the	the	DET
ajfa-12237	87	112	equation	equation	NOUN
ajfa-12237	87	113	in	in	ADP
ajfa-12237	87	114	question	question	NOUN
ajfa-12237	87	115	)	)	PUNCT
ajfa-12237	87	116	in	in	ADP
ajfa-12237	87	117	function	function	NOUN
ajfa-12237	87	118	of	of	ADP
ajfa-12237	87	119	the	the	DET
ajfa-12237	87	120	level	level	NOUN
ajfa-12237	87	121	of	of	ADP
ajfa-12237	87	122	magnitude	magnitude	NOUN
ajfa-12237	87	123	of	of	ADP
ajfa-12237	87	124	the	the	DET
ajfa-12237	87	125	range	range	NOUN
ajfa-12237	87	126	of	of	ADP
ajfa-12237	87	127	enterprise	enterprise	NOUN
ajfa-12237	87	128	products	product	NOUN
ajfa-12237	87	129	(	(	PUNCT
ajfa-12237	87	130	the	the	DET
ajfa-12237	87	131	independent	independent	ADJ
ajfa-12237	87	132	variable	variable	ADJ
ajfa-12237	87	133	“	"	PUNCT
ajfa-12237	87	134	x	x	NOUN
ajfa-12237	87	135	”	"	PUNCT
ajfa-12237	87	136	on	on	ADP
ajfa-12237	87	137	the	the	DET
ajfa-12237	87	138	right	right	ADJ
ajfa-12237	87	139	-	-	PUNCT
ajfa-12237	87	140	hand	hand	NOUN
ajfa-12237	87	141	side	side	NOUN
ajfa-12237	87	142	of	of	ADP
ajfa-12237	87	143	the	the	DET
ajfa-12237	87	144	equation	equation	NOUN
ajfa-12237	87	145	)	)	PUNCT
ajfa-12237	87	146	and	and	CCONJ
ajfa-12237	87	147	the	the	DET
ajfa-12237	87	148	curve	curve	NOUN
ajfa-12237	87	149	(	(	PUNCT
ajfa-12237	87	150	ß	ß	NOUN
ajfa-12237	87	151	)	)	PUNCT
ajfa-12237	87	152	expresses	express	VERB
ajfa-12237	87	153	its	its	PRON
ajfa-12237	87	154	sensitivity	sensitivity	NOUN
ajfa-12237	87	155	.	.	PUNCT
ajfa-12237	88	1	analyzing	analyze	VERB
ajfa-12237	88	2	and	and	CCONJ
ajfa-12237	88	3	interpreting	interpret	VERB
ajfa-12237	88	4	a	a	DET
ajfa-12237	88	5	temporal	temporal	ADJ
ajfa-12237	88	6	series	series	NOUN
ajfa-12237	88	7	(	(	PUNCT
ajfa-12237	88	8	from	from	ADP
ajfa-12237	88	9	2003	2003	NUM
ajfa-12237	88	10	to	to	ADP
ajfa-12237	88	11	2014	2014	NUM
ajfa-12237	88	12	)	)	PUNCT
ajfa-12237	88	13	,	,	PUNCT
ajfa-12237	88	14	with	with	ADP
ajfa-12237	88	15	annual	annual	ADJ
ajfa-12237	88	16	data	datum	NOUN
ajfa-12237	88	17	of	of	ADP
ajfa-12237	88	18	company	company	NOUN
ajfa-12237	88	19	turnover	turnover	NOUN
ajfa-12237	88	20	and	and	CCONJ
ajfa-12237	88	21	magnitude	magnitude	NOUN
ajfa-12237	88	22	of	of	ADP
ajfa-12237	88	23	product	product	NOUN
ajfa-12237	88	24	range	range	NOUN
ajfa-12237	88	25	with	with	ADP
ajfa-12237	88	26	relative	relative	ADJ
ajfa-12237	88	27	increase	increase	NOUN
ajfa-12237	88	28	or	or	CCONJ
ajfa-12237	88	29	decrease	decrease	VERB
ajfa-12237	88	30	percentage	percentage	NOUN
ajfa-12237	88	31	rates	rate	NOUN
ajfa-12237	88	32	,	,	PUNCT
ajfa-12237	88	33	we	we	PRON
ajfa-12237	88	34	proceed	proceed	VERB
ajfa-12237	88	35	as	as	SCONJ
ajfa-12237	88	36	follows	follow	VERB
ajfa-12237	88	37	:	:	PUNCT
ajfa-12237	88	38	−	−	PROPN
ajfa-12237	88	39	yi	yi	NOUN
ajfa-12237	88	40	=	=	NOUN
ajfa-12237	88	41	growth	growth	NOUN
ajfa-12237	88	42	rates	rate	NOUN
ajfa-12237	88	43	of	of	ADP
ajfa-12237	88	44	annual	annual	ADJ
ajfa-12237	88	45	turnover	turnover	NOUN
ajfa-12237	88	46	(	(	PUNCT
ajfa-12237	88	47	with	with	ADP
ajfa-12237	88	48	i	i	PRON
ajfa-12237	88	49	=	=	NOUN
ajfa-12237	88	50	1	1	NUM
ajfa-12237	88	51	to	to	ADP
ajfa-12237	88	52	n=789	n=789	NUM
ajfa-12237	88	53	)	)	PUNCT
ajfa-12237	88	54	;	;	PUNCT
ajfa-12237	88	55	−	−	PROPN
ajfa-12237	88	56	xi	xi	X
ajfa-12237	88	57	=	=	NOUN
ajfa-12237	88	58	growth	growth	NOUN
ajfa-12237	88	59	rate	rate	NOUN
ajfa-12237	88	60	of	of	ADP
ajfa-12237	88	61	the	the	DET
ajfa-12237	88	62	range	range	NOUN
ajfa-12237	88	63	/	/	SYM
ajfa-12237	88	64	product	product	NOUN
ajfa-12237	88	65	(	(	PUNCT
ajfa-12237	88	66	with	with	ADP
ajfa-12237	88	67	i	i	PRON
ajfa-12237	88	68	=	=	NOUN
ajfa-12237	88	69	1	1	NUM
ajfa-12237	88	70	to	to	ADP
ajfa-12237	88	71	n=789	n=789	NUM
ajfa-12237	88	72	)	)	PUNCT
ajfa-12237	88	73	.	.	PUNCT
ajfa-12237	89	1	the	the	DET
ajfa-12237	89	2	arithmetic	arithmetic	ADJ
ajfa-12237	89	3	average	average	NOUN
ajfa-12237	89	4	of	of	ADP
ajfa-12237	89	5	x	x	PUNCT
ajfa-12237	89	6	and	and	CCONJ
ajfa-12237	89	7	y	y	PROPN
ajfa-12237	89	8	is	be	AUX
ajfa-12237	89	9	calculated	calculate	VERB
ajfa-12237	89	10	as	as	ADP
ajfa-12237	89	11	:	:	PUNCT
ajfa-12237	89	12	=	=	PUNCT
ajfa-12237	89	13	∑	∑	PUNCT
ajfa-12237	89	14	=	=	SYM
ajfa-12237	89	15	0.0175	0.0175	NUM
ajfa-12237	89	16	(	(	PUNCT
ajfa-12237	89	17	6	6	NUM
ajfa-12237	89	18	)	)	PUNCT
ajfa-12237	89	19	=	=	PUNCT
ajfa-12237	90	1	∑	∑	PUNCT
ajfa-12237	90	2	=	=	SYM
ajfa-12237	90	3	0.0098	0.0098	NUM
ajfa-12237	90	4	(	(	PUNCT
ajfa-12237	90	5	7	7	NUM
ajfa-12237	90	6	)	)	PUNCT
ajfa-12237	90	7	from	from	ADP
ajfa-12237	90	8	this	this	PRON
ajfa-12237	90	9	,	,	PUNCT
ajfa-12237	90	10	the	the	DET
ajfa-12237	90	11	covariance	covariance	NOUN
ajfa-12237	90	12	is	be	AUX
ajfa-12237	90	13	equal	equal	ADJ
ajfa-12237	90	14	to	to	ADP
ajfa-12237	90	15	:	:	PUNCT
ajfa-12237	90	16	,	,	PUNCT
ajfa-12237	90	17	=	=	PUNCT
ajfa-12237	90	18	∑	∑	PUNCT
ajfa-12237	90	19	(	(	PUNCT
ajfa-12237	90	20	−	−	PROPN
ajfa-12237	90	21	)	)	PUNCT
ajfa-12237	90	22	−	−	PROPN
ajfa-12237	91	1	=	=	SYM
ajfa-12237	91	2	0.0017	0.0017	NUM
ajfa-12237	91	3	(	(	PUNCT
ajfa-12237	91	4	8)	8)	NUM
ajfa-12237	91	5	given	give	VERB
ajfa-12237	91	6	that	that	SCONJ
ajfa-12237	91	7	the	the	DET
ajfa-12237	91	8	variable	variable	NOUN
ajfa-12237	91	9	x	x	PUNCT
ajfa-12237	91	10	presents	present	VERB
ajfa-12237	91	11	n	n	PRON
ajfa-12237	91	12	modalities	modality	NOUN
ajfa-12237	91	13	x1,x2,x3	x1,x2,x3	PROPN
ajfa-12237	91	14	,	,	PUNCT
ajfa-12237	91	15	n	n	CCONJ
ajfa-12237	91	16	having	have	VERB
ajfa-12237	91	17	an	an	DET
ajfa-12237	91	18	average	average	ADJ
ajfa-12237	91	19	μx	μx	NOUN
ajfa-12237	91	20	the	the	DET
ajfa-12237	91	21	quantity	quantity	NOUN
ajfa-12237	91	22	asian	asian	ADJ
ajfa-12237	91	23	journal	journal	NOUN
ajfa-12237	91	24	of	of	ADP
ajfa-12237	91	25	finance	finance	PROPN
ajfa-12237	91	26	&	&	CCONJ
ajfa-12237	91	27	accounting	accounting	PROPN
ajfa-12237	91	28	issn	issn	PROPN
ajfa-12237	91	29	1946	1946	NUM
ajfa-12237	91	30	-	-	PUNCT
ajfa-12237	91	31	052x	052x	PROPN
ajfa-12237	91	32	2017	2017	NUM
ajfa-12237	91	33	,	,	PUNCT
ajfa-12237	91	34	vol	vol	NOUN
ajfa-12237	91	35	.	.	NOUN
ajfa-12237	91	36	9	9	NUM
ajfa-12237	91	37	,	,	PUNCT
ajfa-12237	91	38	no	no	NOUN
ajfa-12237	91	39	.	.	NOUN
ajfa-12237	91	40	2	2	NUM
ajfa-12237	91	41	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	91	42	315	315	NUM
ajfa-12237	91	43	takes	take	VERB
ajfa-12237	91	44	on	on	ADP
ajfa-12237	91	45	the	the	DET
ajfa-12237	91	46	name	name	NOUN
ajfa-12237	91	47	of	of	ADP
ajfa-12237	91	48	the	the	DET
ajfa-12237	91	49	variance	variance	NOUN
ajfa-12237	91	50	defined	define	VERB
ajfa-12237	91	51	in	in	ADP
ajfa-12237	91	52	this	this	DET
ajfa-12237	91	53	manner	manner	NOUN
ajfa-12237	91	54	:	:	PUNCT
ajfa-12237	91	55	∑	∑	PUNCT
ajfa-12237	91	56	(	(	PUNCT
ajfa-12237	91	57	)	)	PUNCT
ajfa-12237	92	1	=	=	SYM
ajfa-12237	92	2	0,0047	0,0047	NOUN
ajfa-12237	92	3	(	(	PUNCT
ajfa-12237	92	4	9	9	X
ajfa-12237	92	5	)	)	PUNCT
ajfa-12237	92	6	beta	beta	NOUN
ajfa-12237	92	7	is	be	AUX
ajfa-12237	92	8	therefore	therefore	ADV
ajfa-12237	92	9	:	:	PUNCT
ajfa-12237	92	10	β	β	X
ajfa-12237	92	11	=	=	PUNCT
ajfa-12237	92	12	(	(	PUNCT
ajfa-12237	92	13	/	/	SYM
ajfa-12237	92	14	,	,	PUNCT
ajfa-12237	92	15	)	)	PUNCT
ajfa-12237	92	16	(	(	PUNCT
ajfa-12237	92	17	/	/	SYM
ajfa-12237	92	18	)	)	PUNCT
ajfa-12237	92	19	=	=	PUNCT
ajfa-12237	92	20	..	..	PUNCT
ajfa-12237	93	1	=	=	PUNCT
ajfa-12237	93	2	0.3667	0.3667	NUM
ajfa-12237	93	3	(	(	PUNCT
ajfa-12237	93	4	10	10	NUM
ajfa-12237	93	5	)	)	PUNCT
ajfa-12237	93	6	the	the	DET
ajfa-12237	93	7	equation	equation	NOUN
ajfa-12237	93	8	of	of	ADP
ajfa-12237	93	9	straight	straight	ADJ
ajfa-12237	93	10	-	-	PUNCT
ajfa-12237	93	11	line	line	NOUN
ajfa-12237	93	12	regression	regression	NOUN
ajfa-12237	93	13	:	:	PUNCT
ajfa-12237	93	14	y	y	PROPN
ajfa-12237	93	15	=	=	PUNCT
ajfa-12237	93	16	0.3667x	0.3667x	NOUN
ajfa-12237	94	1	+	+	CCONJ
ajfa-12237	94	2	0.0034	0.0034	NUM
ajfa-12237	94	3	indicates	indicate	VERB
ajfa-12237	94	4	that	that	SCONJ
ajfa-12237	94	5	an	an	DET
ajfa-12237	94	6	increase	increase	NOUN
ajfa-12237	94	7	or	or	CCONJ
ajfa-12237	94	8	decrease	decrease	NOUN
ajfa-12237	94	9	of	of	ADP
ajfa-12237	94	10	1	1	NUM
ajfa-12237	94	11	%	%	NOUN
ajfa-12237	94	12	in	in	ADP
ajfa-12237	94	13	the	the	DET
ajfa-12237	94	14	range	range	NOUN
ajfa-12237	94	15	of	of	ADP
ajfa-12237	94	16	enterprise	enterprise	NOUN
ajfa-12237	94	17	products	product	NOUN
ajfa-12237	94	18	and	and	CCONJ
ajfa-12237	94	19	that	that	SCONJ
ajfa-12237	94	20	an	an	DET
ajfa-12237	94	21	indicator	indicator	NOUN
ajfa-12237	94	22	of	of	ADP
ajfa-12237	94	23	the	the	DET
ajfa-12237	94	24	level	level	NOUN
ajfa-12237	94	25	of	of	ADP
ajfa-12237	94	26	enterprise	enterprise	NOUN
ajfa-12237	94	27	diversification	diversification	NOUN
ajfa-12237	94	28	brings	bring	VERB
ajfa-12237	94	29	on	on	ADP
ajfa-12237	94	30	an	an	DET
ajfa-12237	94	31	increase	increase	NOUN
ajfa-12237	94	32	or	or	CCONJ
ajfa-12237	94	33	a	a	DET
ajfa-12237	94	34	decrease	decrease	NOUN
ajfa-12237	94	35	of	of	ADP
ajfa-12237	94	36	0.3667	0.3667	NUM
ajfa-12237	94	37	%	%	NOUN
ajfa-12237	94	38	of	of	ADP
ajfa-12237	94	39	turnover	turnover	NOUN
ajfa-12237	94	40	.	.	PUNCT
ajfa-12237	95	1	the	the	DET
ajfa-12237	95	2	coefficient	coefficient	NOUN
ajfa-12237	95	3	r2	r2	NOUN
ajfa-12237	95	4	=	=	PROPN
ajfa-12237	95	5	0.2286	0.2286	NUM
ajfa-12237	95	6	indicates	indicate	VERB
ajfa-12237	95	7	,	,	PUNCT
ajfa-12237	95	8	instead	instead	ADV
ajfa-12237	95	9	,	,	PUNCT
ajfa-12237	95	10	that	that	SCONJ
ajfa-12237	95	11	about	about	ADV
ajfa-12237	95	12	23	23	NUM
ajfa-12237	95	13	%	%	NOUN
ajfa-12237	95	14	of	of	ADP
ajfa-12237	95	15	turnover	turnover	NOUN
ajfa-12237	95	16	variation	variation	NOUN
ajfa-12237	95	17	is	be	AUX
ajfa-12237	95	18	“	"	PUNCT
ajfa-12237	95	19	explained	explain	VERB
ajfa-12237	95	20	”	"	PUNCT
ajfa-12237	95	21	by	by	ADP
ajfa-12237	95	22	the	the	DET
ajfa-12237	95	23	variation	variation	NOUN
ajfa-12237	95	24	in	in	ADP
ajfa-12237	95	25	product	product	NOUN
ajfa-12237	95	26	range	range	NOUN
ajfa-12237	95	27	.	.	PUNCT
ajfa-12237	96	1	to	to	PART
ajfa-12237	96	2	conclude	conclude	VERB
ajfa-12237	96	3	the	the	DET
ajfa-12237	96	4	analysis	analysis	NOUN
ajfa-12237	96	5	,	,	PUNCT
ajfa-12237	96	6	the	the	DET
ajfa-12237	96	7	coefficient	coefficient	NOUN
ajfa-12237	96	8	r2	r2	PROPN
ajfa-12237	96	9	becomes	become	VERB
ajfa-12237	96	10	a	a	DET
ajfa-12237	96	11	parameter	parameter	NOUN
ajfa-12237	96	12	to	to	PART
ajfa-12237	96	13	weigh	weigh	VERB
ajfa-12237	96	14	the	the	DET
ajfa-12237	96	15	value	value	NOUN
ajfa-12237	96	16	system	system	NOUN
ajfa-12237	96	17	of	of	ADP
ajfa-12237	96	18	the	the	DET
ajfa-12237	96	19	economic	economic	ADJ
ajfa-12237	96	20	-	-	PUNCT
ajfa-12237	96	21	financial	financial	ADJ
ajfa-12237	96	22	matrix	matrix	NOUN
ajfa-12237	96	23	and	and	CCONJ
ajfa-12237	96	24	measured	measure	VERB
ajfa-12237	96	25	by	by	ADP
ajfa-12237	96	26	eva	eva	PROPN
ajfa-12237	96	27	.	.	PROPN
ajfa-12237	97	1	from	from	ADP
ajfa-12237	97	2	this	this	PRON
ajfa-12237	97	3	,	,	PUNCT
ajfa-12237	97	4	the	the	DET
ajfa-12237	97	5	expression	expression	NOUN
ajfa-12237	97	6	of	of	ADP
ajfa-12237	97	7	the	the	DET
ajfa-12237	97	8	contribution	contribution	NOUN
ajfa-12237	97	9	level	level	NOUN
ajfa-12237	97	10	of	of	ADP
ajfa-12237	97	11	“	"	PUNCT
ajfa-12237	97	12	diversification	diversification	NOUN
ajfa-12237	97	13	”	"	PUNCT
ajfa-12237	97	14	,	,	PUNCT
ajfa-12237	97	15	on	on	ADP
ajfa-12237	97	16	company	company	NOUN
ajfa-12237	97	17	value	value	NOUN
ajfa-12237	97	18	generated	generate	VERB
ajfa-12237	97	19	or	or	CCONJ
ajfa-12237	97	20	destroyed	destroy	VERB
ajfa-12237	97	21	.	.	PUNCT
ajfa-12237	98	1	at	at	ADP
ajfa-12237	98	2	this	this	DET
ajfa-12237	98	3	point	point	NOUN
ajfa-12237	98	4	of	of	ADP
ajfa-12237	98	5	the	the	DET
ajfa-12237	98	6	analysis	analysis	NOUN
ajfa-12237	98	7	,	,	PUNCT
ajfa-12237	98	8	eva	eva	PROPN
ajfa-12237	98	9	and	and	CCONJ
ajfa-12237	98	10	the	the	DET
ajfa-12237	98	11	other	other	ADJ
ajfa-12237	98	12	parameters	parameter	NOUN
ajfa-12237	98	13	are	be	AUX
ajfa-12237	98	14	re	re	VERB
ajfa-12237	98	15	-	-	VERB
ajfa-12237	98	16	elaborated	elaborate	VERB
ajfa-12237	98	17	with	with	ADP
ajfa-12237	98	18	the	the	DET
ajfa-12237	98	19	aid	aid	NOUN
ajfa-12237	98	20	of	of	ADP
ajfa-12237	98	21	appropriate	appropriate	ADJ
ajfa-12237	98	22	weighting	weighting	NOUN
ajfa-12237	98	23	(	(	PUNCT
ajfa-12237	98	24	r2	r2	PROPN
ajfa-12237	98	25	)	)	PUNCT
ajfa-12237	98	26	and	and	CCONJ
ajfa-12237	98	27	therefore	therefore	ADV
ajfa-12237	98	28	:	:	PUNCT
ajfa-12237	98	29	nopatp	nopatp	PROPN
ajfa-12237	98	30	=	=	SYM
ajfa-12237	98	31	(	(	PUNCT
ajfa-12237	98	32	nop×	nop×	NUM
ajfa-12237	98	33	r2	r2	NOUN
ajfa-12237	98	34	)	)	PUNCT
ajfa-12237	98	35	–	–	PUNCT
ajfa-12237	98	36	cot	cot	NOUN
ajfa-12237	98	37	(	(	PUNCT
ajfa-12237	98	38	11	11	NUM
ajfa-12237	98	39	)	)	PUNCT
ajfa-12237	99	1	eva	eva	NOUN
ajfa-12237	100	1	=	=	PUNCT
ajfa-12237	100	2	k	k	PROPN
ajfa-12237	100	3	×	×	NOUN
ajfa-12237	100	4	(	(	PUNCT
ajfa-12237	100	5	rp	rp	NOUN
ajfa-12237	100	6	–	–	PUNCT
ajfa-12237	100	7	c	c	NOUN
ajfa-12237	100	8	)	)	PUNCT
ajfa-12237	100	9	(	(	PUNCT
ajfa-12237	100	10	12	12	NUM
ajfa-12237	100	11	)	)	PUNCT
ajfa-12237	100	12	nopatp	nopatp	VERB
ajfa-12237	100	13	=	=	SYM
ajfa-12237	100	14	weighted	weight	VERB
ajfa-12237	100	15	net	net	ADJ
ajfa-12237	100	16	operating	operating	NOUN
ajfa-12237	100	17	profit	profit	NOUN
ajfa-12237	100	18	after	after	ADP
ajfa-12237	100	19	tax	tax	NOUN
ajfa-12237	100	20	;	;	PUNCT
ajfa-12237	100	21	nop	nop	PROPN
ajfa-12237	100	22	=	=	SYM
ajfa-12237	100	23	net	net	ADJ
ajfa-12237	100	24	operating	operating	NOUN
ajfa-12237	100	25	profit	profit	NOUN
ajfa-12237	100	26	;	;	PUNCT
ajfa-12237	100	27	r2	r2	PROPN
ajfa-12237	100	28	=	=	PUNCT
ajfa-12237	100	29	square	square	NOUN
ajfa-12237	100	30	error	error	NOUN
ajfa-12237	100	31	;	;	PUNCT
ajfa-12237	100	32	cot	cot	NOUN
ajfa-12237	100	33	=	=	SYM
ajfa-12237	100	34	cash	cash	NOUN
ajfa-12237	100	35	operating	operating	NOUN
ajfa-12237	100	36	taxes	taxis	NOUN
ajfa-12237	100	37	;	;	PUNCT
ajfa-12237	101	1	k	k	X
ajfa-12237	101	2	=	=	SYM
ajfa-12237	101	3	capital	capital	NOUN
ajfa-12237	101	4	employed	employ	VERB
ajfa-12237	101	5	;	;	PUNCT
ajfa-12237	101	6	rp	rp	NOUN
ajfa-12237	101	7	=	=	SYM
ajfa-12237	101	8	return	return	NOUN
ajfa-12237	101	9	rate	rate	NOUN
ajfa-12237	101	10	of	of	ADP
ajfa-12237	101	11	capital	capital	NOUN
ajfa-12237	101	12	employed	employ	VERB
ajfa-12237	101	13	;	;	PUNCT
ajfa-12237	101	14	evap	evap	NOUN
ajfa-12237	101	15	=	=	PUNCT
ajfa-12237	101	16	weighted	weight	VERB
ajfa-12237	101	17	economic	economic	ADJ
ajfa-12237	101	18	value	value	NOUN
ajfa-12237	101	19	added	add	VERB
ajfa-12237	101	20	.	.	PUNCT
ajfa-12237	102	1	in	in	ADP
ajfa-12237	102	2	our	our	PRON
ajfa-12237	102	3	analysis	analysis	NOUN
ajfa-12237	102	4	,	,	PUNCT
ajfa-12237	102	5	weighted	weight	VERB
ajfa-12237	102	6	eva	eva	PROPN
ajfa-12237	102	7	singles	single	NOUN
ajfa-12237	102	8	out	out	ADP
ajfa-12237	102	9	the	the	DET
ajfa-12237	102	10	value	value	NOUN
ajfa-12237	102	11	generated	generate	VERB
ajfa-12237	102	12	by	by	ADP
ajfa-12237	102	13	the	the	DET
ajfa-12237	102	14	enterprise	enterprise	NOUN
ajfa-12237	102	15	sample	sample	NOUN
ajfa-12237	102	16	and	and	CCONJ
ajfa-12237	102	17	attributed	attribute	VERB
ajfa-12237	102	18	to	to	ADP
ajfa-12237	102	19	diversification	diversification	NOUN
ajfa-12237	102	20	;	;	PUNCT
ajfa-12237	102	21	the	the	DET
ajfa-12237	102	22	latter	latter	ADJ
ajfa-12237	102	23	measured	measure	VERB
ajfa-12237	102	24	in	in	ADP
ajfa-12237	102	25	economical	economical	ADJ
ajfa-12237	102	26	-	-	PUNCT
ajfa-12237	102	27	financial	financial	ADJ
ajfa-12237	102	28	terms	term	NOUN
ajfa-12237	102	29	by	by	ADP
ajfa-12237	102	30	the	the	DET
ajfa-12237	102	31	importance	importance	NOUN
ajfa-12237	102	32	it	it	PRON
ajfa-12237	102	33	assumes	assume	VERB
ajfa-12237	102	34	in	in	ADP
ajfa-12237	102	35	the	the	DET
ajfa-12237	102	36	construction	construction	NOUN
ajfa-12237	102	37	of	of	ADP
ajfa-12237	102	38	return	return	NOUN
ajfa-12237	102	39	rate	rate	NOUN
ajfa-12237	102	40	(	(	PUNCT
ajfa-12237	102	41	r	r	NOUN
ajfa-12237	102	42	)	)	PUNCT
ajfa-12237	102	43	,	,	PUNCT
ajfa-12237	102	44	from	from	ADP
ajfa-12237	102	45	this	this	DET
ajfa-12237	102	46	weighted	weight	VERB
ajfa-12237	102	47	(	(	PUNCT
ajfa-12237	102	48	rp	rp	NOUN
ajfa-12237	102	49	)	)	PUNCT
ajfa-12237	102	50	.	.	PUNCT
ajfa-12237	103	1	the	the	DET
ajfa-12237	103	2	value	value	NOUN
ajfa-12237	103	3	of	of	ADP
ajfa-12237	103	4	weighted	weight	VERB
ajfa-12237	103	5	eva	eva	PROPN
ajfa-12237	103	6	is	be	AUX
ajfa-12237	103	7	reported	report	VERB
ajfa-12237	103	8	as	as	SCONJ
ajfa-12237	103	9	follows	follow	VERB
ajfa-12237	103	10	(	(	PUNCT
ajfa-12237	103	11	tab	tab	NOUN
ajfa-12237	103	12	.	.	PUNCT
ajfa-12237	104	1	4	4	NUM
ajfa-12237	104	2	):	):	PUNCT
ajfa-12237	104	3	−	−	PROPN
ajfa-12237	104	4	in	in	ADP
ajfa-12237	104	5	the	the	DET
ajfa-12237	104	6	period	period	NOUN
ajfa-12237	104	7	2003	2003	NUM
ajfa-12237	104	8	-	-	SYM
ajfa-12237	104	9	2004	2004	NUM
ajfa-12237	104	10	a	a	DET
ajfa-12237	104	11	negative	negative	ADJ
ajfa-12237	104	12	evap	evap	NOUN
ajfa-12237	104	13	equal	equal	ADJ
ajfa-12237	104	14	to	to	ADP
ajfa-12237	104	15	-740.024	-740.024	NUM
ajfa-12237	104	16	;	;	PUNCT
ajfa-12237	104	17	−	−	PROPN
ajfa-12237	104	18	in	in	ADP
ajfa-12237	104	19	the	the	DET
ajfa-12237	104	20	period	period	NOUN
ajfa-12237	104	21	2005	2005	NUM
ajfa-12237	104	22	-	-	SYM
ajfa-12237	104	23	2006	2006	NUM
ajfa-12237	104	24	a	a	DET
ajfa-12237	104	25	negative	negative	ADJ
ajfa-12237	104	26	evap	evap	NOUN
ajfa-12237	104	27	equal	equal	ADJ
ajfa-12237	104	28	to	to	ADP
ajfa-12237	104	29	-2.507.903	-2.507.903	NOUN
ajfa-12237	104	30	;	;	PUNCT
ajfa-12237	104	31	−	−	PROPN
ajfa-12237	104	32	in	in	ADP
ajfa-12237	104	33	the	the	DET
ajfa-12237	104	34	period	period	NOUN
ajfa-12237	104	35	2007	2007	NUM
ajfa-12237	104	36	-	-	SYM
ajfa-12237	104	37	2008	2008	NUM
ajfa-12237	104	38	a	a	DET
ajfa-12237	104	39	negative	negative	ADJ
ajfa-12237	104	40	evap	evap	NOUN
ajfa-12237	104	41	equal	equal	ADJ
ajfa-12237	104	42	to	to	ADP
ajfa-12237	104	43	-945.813	-945.813	NUM
ajfa-12237	104	44	;	;	PUNCT
ajfa-12237	104	45	−	−	PROPN
ajfa-12237	104	46	in	in	ADP
ajfa-12237	104	47	the	the	DET
ajfa-12237	104	48	period	period	NOUN
ajfa-12237	104	49	2009	2009	NUM
ajfa-12237	104	50	-	-	SYM
ajfa-12237	104	51	2010	2010	NUM
ajfa-12237	104	52	a	a	DET
ajfa-12237	104	53	positive	positive	ADJ
ajfa-12237	104	54	evap	evap	NOUN
ajfa-12237	104	55	equal	equal	ADJ
ajfa-12237	104	56	to	to	ADP
ajfa-12237	104	57	225.402	225.402	NUM
ajfa-12237	104	58	;	;	PUNCT
ajfa-12237	104	59	−	−	PROPN
ajfa-12237	104	60	in	in	ADP
ajfa-12237	104	61	the	the	DET
ajfa-12237	104	62	period	period	NOUN
ajfa-12237	104	63	2011	2011	NUM
ajfa-12237	104	64	-	-	SYM
ajfa-12237	104	65	2012	2012	NUM
ajfa-12237	104	66	a	a	DET
ajfa-12237	104	67	positive	positive	ADJ
ajfa-12237	104	68	evap	evap	NOUN
ajfa-12237	104	69	equal	equal	ADJ
ajfa-12237	104	70	to	to	ADP
ajfa-12237	104	71	1.749.055	1.749.055	NUM
ajfa-12237	104	72	;	;	PUNCT
ajfa-12237	104	73	−	−	PROPN
ajfa-12237	104	74	in	in	ADP
ajfa-12237	104	75	the	the	DET
ajfa-12237	104	76	period	period	NOUN
ajfa-12237	104	77	2013	2013	NUM
ajfa-12237	104	78	-	-	SYM
ajfa-12237	104	79	2014	2014	NUM
ajfa-12237	104	80	a	a	DET
ajfa-12237	104	81	negative	negative	ADJ
ajfa-12237	104	82	evap	evap	NOUN
ajfa-12237	104	83	equal	equal	ADJ
ajfa-12237	104	84	to	to	ADP
ajfa-12237	104	85	-15.488.146	-15.488.146	NOUN
ajfa-12237	104	86	.	.	PUNCT
ajfa-12237	105	1	asian	asian	ADJ
ajfa-12237	105	2	journal	journal	PROPN
ajfa-12237	105	3	of	of	ADP
ajfa-12237	105	4	finance	finance	PROPN
ajfa-12237	105	5	&	&	CCONJ
ajfa-12237	105	6	accounting	accounting	PROPN
ajfa-12237	105	7	issn	issn	PROPN
ajfa-12237	105	8	1946	1946	NUM
ajfa-12237	105	9	-	-	PUNCT
ajfa-12237	105	10	052x	052x	PROPN
ajfa-12237	105	11	2017	2017	NUM
ajfa-12237	105	12	,	,	PUNCT
ajfa-12237	105	13	vol	vol	NOUN
ajfa-12237	105	14	.	.	NOUN
ajfa-12237	105	15	9	9	NUM
ajfa-12237	105	16	,	,	PUNCT
ajfa-12237	105	17	no	no	NOUN
ajfa-12237	105	18	.	.	NOUN
ajfa-12237	105	19	2	2	NUM
ajfa-12237	105	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	105	21	316	316	NUM
ajfa-12237	105	22	table	table	NOUN
ajfa-12237	105	23	4	4	NUM
ajfa-12237	105	24	.	.	PUNCT
ajfa-12237	106	1	the	the	DET
ajfa-12237	106	2	value	value	NOUN
ajfa-12237	106	3	of	of	ADP
ajfa-12237	106	4	weighted	weight	VERB
ajfa-12237	106	5	eva	eva	PROPN
ajfa-12237	106	6	period	period	NOUN
ajfa-12237	106	7	k	k	PROPN
ajfa-12237	106	8	rp	rp	PROPN
ajfa-12237	106	9	c	c	PROPN
ajfa-12237	106	10	r2	r2	PROPN
ajfa-12237	106	11	nopatp	nopatp	VERB
ajfa-12237	106	12	nop	nop	PROPN
ajfa-12237	106	13	cot	cot	PROPN
ajfa-12237	106	14	evap	evap	PROPN
ajfa-12237	106	15	2003	2003	NUM
ajfa-12237	106	16	-	-	SYM
ajfa-12237	106	17	2004	2004	NUM
ajfa-12237	106	18	207.826,61	207.826,61	NUM
ajfa-12237	106	19	0,649224	0,649224	NOUN
ajfa-12237	106	20	4,21	4,21	NUM
ajfa-12237	106	21	0,2286	0,2286	NOUN
ajfa-12237	106	22	134.926,02	134.926,02	ADJ
ajfa-12237	106	23	87.701,91	87.701,91	PROPN
ajfa-12237	106	24	-114.877,36	-114.877,36	PROPN
ajfa-12237	106	25	-740.024,00	-740.024,00	PROPN
ajfa-12237	106	26	2005	2005	NUM
ajfa-12237	106	27	-	-	SYM
ajfa-12237	106	28	2006	2006	NUM
ajfa-12237	106	29	777.749,97	777.749,97	NOUN
ajfa-12237	106	30	0,075438	0,075438	NOUN
ajfa-12237	106	31	3,3	3,3	NUM
ajfa-12237	106	32	0,2286	0,2286	NOUN
ajfa-12237	106	33	58.671,90	58.671,90	PROPN
ajfa-12237	106	34	38.136,74	38.136,74	PROPN
ajfa-12237	106	35	-49.953,84	-49.953,84	PROPN
ajfa-12237	106	36	-2.507.903,00	-2.507.903,00	ADV
ajfa-12237	106	37	2007	2007	NUM
ajfa-12237	106	38	-	-	SYM
ajfa-12237	106	39	2008	2008	NUM
ajfa-12237	106	40	254.254,22	254.254,22	NOUN
ajfa-12237	106	41	0,40005	0,40005	PROPN
ajfa-12237	106	42	4,12	4,12	NUM
ajfa-12237	106	43	0,2286	0,2286	NOUN
ajfa-12237	106	44	101.714,40	101.714,40	NUM
ajfa-12237	106	45	66.114,36	66.114,36	NUM
ajfa-12237	106	46	-86.600,66	-86.600,66	PROPN
ajfa-12237	106	47	-945.813,00	-945.813,00	PROPN
ajfa-12237	106	48	2009	2009	NUM
ajfa-12237	106	49	-	-	SYM
ajfa-12237	106	50	2010	2010	NUM
ajfa-12237	106	51	-53.350,14	-53.350,14	PROPN
ajfa-12237	106	52	1,495044	1,495044	NUM
ajfa-12237	106	53	5,72	5,72	NUM
ajfa-12237	106	54	0,2286	0,2286	NOUN
ajfa-12237	106	55	-79.760,81	-79.760,81	PROPN
ajfa-12237	106	56	-51.844,53	-51.844,53	PROPN
ajfa-12237	107	1	67.909,15	67.909,15	NUM
ajfa-12237	107	2	225.402,00	225.402,00	NUM
ajfa-12237	107	3	2011	2011	NUM
ajfa-12237	107	4	-	-	SYM
ajfa-12237	107	5	2012	2012	NUM
ajfa-12237	107	6	-1.071.443,89	-1.071.443,89	ADJ
ajfa-12237	107	7	1,147572	1,147572	NUM
ajfa-12237	107	8	2,78	2,78	ADJ
ajfa-12237	107	9	0,2286	0,2286	NOUN
ajfa-12237	107	10	-1.229.559,00	-1.229.559,00	NOUN
ajfa-12237	107	11	-799.213,35	-799.213,35	ADP
ajfa-12237	107	12	1.046.858,83	1.046.858,83	NUM
ajfa-12237	107	13	1.749.055,00	1.749.055,00	NUM
ajfa-12237	107	14	2013	2013	NUM
ajfa-12237	107	15	-	-	SYM
ajfa-12237	107	16	2014	2014	NUM
ajfa-12237	107	17	5.286.691,78	5.286.691,78	NUM
ajfa-12237	107	18	0,530352	0,530352	NOUN
ajfa-12237	107	19	3,46	3,46	PROPN
ajfa-12237	107	20	0,2286	0,2286	NUM
ajfa-12237	107	21	2.803.807,56	2.803.807,56	NUM
ajfa-12237	107	22	1.822.474,91	1.822.474,91	NUM
ajfa-12237	107	23	-2.387.189,79	-2.387.189,79	SYM
ajfa-12237	107	24	-15.488.146,00	-15.488.146,00	PUNCT
ajfa-12237	107	25	source	source	NOUN
ajfa-12237	107	26	:	:	PUNCT
ajfa-12237	107	27	our	our	PRON
ajfa-12237	107	28	elaboration	elaboration	NOUN
ajfa-12237	107	29	on	on	ADP
ajfa-12237	107	30	“	"	PUNCT
ajfa-12237	107	31	aida	aida	PROPN
ajfa-12237	107	32	”	"	PUNCT
ajfa-12237	107	33	data	datum	NOUN
ajfa-12237	107	34	the	the	DET
ajfa-12237	107	35	results	result	NOUN
ajfa-12237	107	36	indicate	indicate	VERB
ajfa-12237	107	37	the	the	DET
ajfa-12237	107	38	positive	positive	ADJ
ajfa-12237	107	39	impact	impact	NOUN
ajfa-12237	107	40	of	of	ADP
ajfa-12237	107	41	diversification	diversification	NOUN
ajfa-12237	107	42	on	on	ADP
ajfa-12237	107	43	evap	evap	NOUN
ajfa-12237	107	44	starting	start	VERB
ajfa-12237	107	45	from	from	ADP
ajfa-12237	107	46	the	the	DET
ajfa-12237	107	47	period	period	NOUN
ajfa-12237	107	48	in	in	ADP
ajfa-12237	107	49	which	which	PRON
ajfa-12237	107	50	government	government	NOUN
ajfa-12237	107	51	grant	grant	NOUN
ajfa-12237	107	52	are	be	AUX
ajfa-12237	107	53	concentrated	concentrate	VERB
ajfa-12237	107	54	(	(	PUNCT
ajfa-12237	107	55	2007	2007	NUM
ajfa-12237	107	56	-	-	SYM
ajfa-12237	107	57	2008	2008	NUM
ajfa-12237	107	58	)	)	PUNCT
ajfa-12237	107	59	.	.	PUNCT
ajfa-12237	108	1	the	the	DET
ajfa-12237	108	2	last	last	ADJ
ajfa-12237	108	3	period	period	NOUN
ajfa-12237	108	4	analyzed	analyze	VERB
ajfa-12237	108	5	(	(	PUNCT
ajfa-12237	108	6	2013	2013	NUM
ajfa-12237	108	7	-	-	SYM
ajfa-12237	108	8	2014	2014	NUM
ajfa-12237	108	9	)	)	PUNCT
ajfa-12237	108	10	shows	show	VERB
ajfa-12237	108	11	an	an	DET
ajfa-12237	108	12	inversion	inversion	NOUN
ajfa-12237	108	13	;	;	PUNCT
ajfa-12237	108	14	this	this	DET
ajfa-12237	108	15	inversion	inversion	NOUN
ajfa-12237	108	16	is	be	AUX
ajfa-12237	108	17	to	to	PART
ajfa-12237	108	18	be	be	AUX
ajfa-12237	108	19	considered	consider	VERB
ajfa-12237	108	20	attributable	attributable	ADJ
ajfa-12237	108	21	to	to	ADP
ajfa-12237	108	22	outdoor	outdoor	ADJ
ajfa-12237	108	23	environmental	environmental	ADJ
ajfa-12237	108	24	factors	factor	NOUN
ajfa-12237	108	25	that	that	PRON
ajfa-12237	108	26	have	have	AUX
ajfa-12237	108	27	not	not	PART
ajfa-12237	108	28	been	be	AUX
ajfa-12237	108	29	taken	take	VERB
ajfa-12237	108	30	into	into	ADP
ajfa-12237	108	31	account	account	NOUN
ajfa-12237	108	32	in	in	ADP
ajfa-12237	108	33	this	this	DET
ajfa-12237	108	34	study	study	NOUN
ajfa-12237	108	35	.	.	PUNCT
ajfa-12237	109	1	4	4	X
ajfa-12237	109	2	.	.	X
ajfa-12237	109	3	discussion	discussion	NOUN
ajfa-12237	109	4	this	this	DET
ajfa-12237	109	5	research	research	NOUN
ajfa-12237	109	6	has	have	AUX
ajfa-12237	109	7	explored	explore	VERB
ajfa-12237	109	8	the	the	DET
ajfa-12237	109	9	links	link	NOUN
ajfa-12237	109	10	between	between	ADP
ajfa-12237	109	11	strategic	strategic	ADJ
ajfa-12237	109	12	and	and	CCONJ
ajfa-12237	109	13	financial	financial	ADJ
ajfa-12237	109	14	management	management	NOUN
ajfa-12237	109	15	.	.	PUNCT
ajfa-12237	110	1	specifically	specifically	ADV
ajfa-12237	110	2	,	,	PUNCT
ajfa-12237	110	3	the	the	DET
ajfa-12237	110	4	theory	theory	NOUN
ajfa-12237	110	5	that	that	PRON
ajfa-12237	110	6	links	link	VERB
ajfa-12237	110	7	company	company	NOUN
ajfa-12237	110	8	diversification	diversification	NOUN
ajfa-12237	110	9	strategies	strategy	NOUN
ajfa-12237	110	10	to	to	ADP
ajfa-12237	110	11	capital	capital	NOUN
ajfa-12237	110	12	structure	structure	NOUN
ajfa-12237	110	13	was	be	AUX
ajfa-12237	110	14	questioned	question	VERB
ajfa-12237	110	15	and	and	CCONJ
ajfa-12237	110	16	experimented	experiment	VERB
ajfa-12237	110	17	.	.	PUNCT
ajfa-12237	111	1	acting	act	VERB
ajfa-12237	111	2	as	as	ADP
ajfa-12237	111	3	a	a	DET
ajfa-12237	111	4	link	link	NOUN
ajfa-12237	111	5	between	between	ADP
ajfa-12237	111	6	strategic	strategic	ADJ
ajfa-12237	111	7	research	research	NOUN
ajfa-12237	111	8	and	and	CCONJ
ajfa-12237	111	9	corporate	corporate	ADJ
ajfa-12237	111	10	finance	finance	NOUN
ajfa-12237	111	11	studies	study	NOUN
ajfa-12237	111	12	,	,	PUNCT
ajfa-12237	111	13	this	this	DET
ajfa-12237	111	14	study	study	NOUN
ajfa-12237	111	15	examined	examine	VERB
ajfa-12237	111	16	how	how	SCONJ
ajfa-12237	111	17	strategic	strategic	ADJ
ajfa-12237	111	18	decisions	decision	NOUN
ajfa-12237	111	19	linked	link	VERB
ajfa-12237	111	20	to	to	ADP
ajfa-12237	111	21	the	the	DET
ajfa-12237	111	22	product	product	NOUN
ajfa-12237	111	23	can	can	AUX
ajfa-12237	111	24	be	be	AUX
ajfa-12237	111	25	influenced	influence	VERB
ajfa-12237	111	26	by	by	ADP
ajfa-12237	111	27	financial	financial	ADJ
ajfa-12237	111	28	structure	structure	NOUN
ajfa-12237	111	29	and	and	CCONJ
ajfa-12237	111	30	specifically	specifically	ADV
ajfa-12237	111	31	,	,	PUNCT
ajfa-12237	111	32	how	how	SCONJ
ajfa-12237	111	33	government	government	NOUN
ajfa-12237	111	34	grant	grant	NOUN
ajfa-12237	111	35	intervenes	intervene	VERB
ajfa-12237	111	36	to	to	ADP
ajfa-12237	111	37	strategic	strategic	ADJ
ajfa-12237	111	38	decision	decision	NOUN
ajfa-12237	111	39	process	process	NOUN
ajfa-12237	111	40	.	.	PUNCT
ajfa-12237	112	1	results	result	NOUN
ajfa-12237	112	2	emerging	emerge	VERB
ajfa-12237	112	3	from	from	ADP
ajfa-12237	112	4	questionnaires	questionnaire	NOUN
ajfa-12237	112	5	indicate	indicate	VERB
ajfa-12237	112	6	the	the	DET
ajfa-12237	112	7	considerable	considerable	ADJ
ajfa-12237	112	8	weight	weight	NOUN
ajfa-12237	112	9	that	that	PRON
ajfa-12237	112	10	public	public	ADJ
ajfa-12237	112	11	financial	financial	ADJ
ajfa-12237	112	12	grant	grant	NOUN
ajfa-12237	112	13	have	have	VERB
ajfa-12237	112	14	in	in	ADP
ajfa-12237	112	15	conditioning	conditioning	NOUN
ajfa-12237	112	16	product	product	NOUN
ajfa-12237	112	17	policy	policy	NOUN
ajfa-12237	112	18	(	(	PUNCT
ajfa-12237	112	19	adjusted	adjust	VERB
ajfa-12237	112	20	r	r	NOUN
ajfa-12237	112	21	-	-	PUNCT
ajfa-12237	112	22	squared	square	VERB
ajfa-12237	112	23	equal	equal	ADJ
ajfa-12237	112	24	to	to	ADP
ajfa-12237	112	25	38	38	NUM
ajfa-12237	112	26	%	%	NOUN
ajfa-12237	112	27	)	)	PUNCT
ajfa-12237	112	28	.	.	PUNCT
ajfa-12237	113	1	to	to	PART
ajfa-12237	113	2	understand	understand	VERB
ajfa-12237	113	3	how	how	SCONJ
ajfa-12237	113	4	diversification	diversification	NOUN
ajfa-12237	113	5	stimulated	stimulate	VERB
ajfa-12237	113	6	by	by	ADP
ajfa-12237	113	7	government	government	NOUN
ajfa-12237	113	8	grant	grant	NOUN
ajfa-12237	113	9	,	,	PUNCT
ajfa-12237	113	10	have	have	AUX
ajfa-12237	113	11	influenced	influence	VERB
ajfa-12237	113	12	the	the	DET
ajfa-12237	113	13	enterprise	enterprise	NOUN
ajfa-12237	113	14	value	value	NOUN
ajfa-12237	113	15	,	,	PUNCT
ajfa-12237	113	16	our	our	PRON
ajfa-12237	113	17	research	research	NOUN
ajfa-12237	113	18	suggests	suggest	VERB
ajfa-12237	113	19	a	a	DET
ajfa-12237	113	20	useful	useful	ADJ
ajfa-12237	113	21	method	method	NOUN
ajfa-12237	113	22	to	to	PART
ajfa-12237	113	23	evaluate	evaluate	VERB
ajfa-12237	113	24	cause	cause	NOUN
ajfa-12237	113	25	-	-	PUNCT
ajfa-12237	113	26	effect	effect	NOUN
ajfa-12237	113	27	relationships	relationship	NOUN
ajfa-12237	113	28	and	and	CCONJ
ajfa-12237	113	29	a	a	DET
ajfa-12237	113	30	model	model	NOUN
ajfa-12237	113	31	in	in	ADP
ajfa-12237	113	32	the	the	DET
ajfa-12237	113	33	research	research	NOUN
ajfa-12237	113	34	of	of	ADP
ajfa-12237	113	35	created	create	VERB
ajfa-12237	113	36	or	or	CCONJ
ajfa-12237	113	37	destroyed	destroy	VERB
ajfa-12237	113	38	economic	economic	ADJ
ajfa-12237	113	39	value	value	NOUN
ajfa-12237	113	40	.	.	PUNCT
ajfa-12237	114	1	from	from	ADP
ajfa-12237	114	2	the	the	DET
ajfa-12237	114	3	elaboration	elaboration	NOUN
ajfa-12237	114	4	carried	carry	VERB
ajfa-12237	114	5	out	out	ADP
ajfa-12237	114	6	with	with	ADP
ajfa-12237	114	7	eva	eva	PROPN
ajfa-12237	114	8	,	,	PUNCT
ajfa-12237	114	9	appropriately	appropriately	ADV
ajfa-12237	114	10	parameterized	parameterize	VERB
ajfa-12237	114	11	,	,	PUNCT
ajfa-12237	114	12	emerges	emerge	VERB
ajfa-12237	114	13	the	the	DET
ajfa-12237	114	14	weight	weight	NOUN
ajfa-12237	114	15	of	of	ADP
ajfa-12237	114	16	diversification	diversification	NOUN
ajfa-12237	114	17	strategy	strategy	NOUN
ajfa-12237	114	18	in	in	ADP
ajfa-12237	114	19	the	the	DET
ajfa-12237	114	20	growth	growth	NOUN
ajfa-12237	114	21	or	or	CCONJ
ajfa-12237	114	22	destruction	destruction	NOUN
ajfa-12237	114	23	of	of	ADP
ajfa-12237	114	24	company	company	NOUN
ajfa-12237	114	25	value	value	NOUN
ajfa-12237	114	26	;	;	PUNCT
ajfa-12237	114	27	this	this	DET
ajfa-12237	114	28	weight	weight	NOUN
ajfa-12237	114	29	is	be	AUX
ajfa-12237	114	30	estimated	estimate	VERB
ajfa-12237	114	31	equal	equal	ADJ
ajfa-12237	114	32	to	to	ADP
ajfa-12237	114	33	23	23	NUM
ajfa-12237	114	34	%	%	NOUN
ajfa-12237	114	35	.	.	PUNCT
ajfa-12237	115	1	the	the	DET
ajfa-12237	115	2	analysis	analysis	NOUN
ajfa-12237	115	3	shows	show	VERB
ajfa-12237	115	4	favorable	favorable	ADJ
ajfa-12237	115	5	trend	trend	NOUN
ajfa-12237	115	6	of	of	ADP
ajfa-12237	115	7	evap	evap	NOUN
ajfa-12237	115	8	starting	start	VERB
ajfa-12237	115	9	from	from	ADP
ajfa-12237	115	10	the	the	DET
ajfa-12237	115	11	period	period	NOUN
ajfa-12237	115	12	in	in	ADP
ajfa-12237	115	13	which	which	PRON
ajfa-12237	115	14	government	government	NOUN
ajfa-12237	115	15	grants	grant	NOUN
ajfa-12237	115	16	are	be	AUX
ajfa-12237	115	17	provide	provide	VERB
ajfa-12237	115	18	.	.	PUNCT
ajfa-12237	116	1	therefore	therefore	ADV
ajfa-12237	116	2	,	,	PUNCT
ajfa-12237	116	3	this	this	DET
ajfa-12237	116	4	study	study	NOUN
ajfa-12237	116	5	suggests	suggest	VERB
ajfa-12237	116	6	the	the	DET
ajfa-12237	116	7	considerable	considerable	ADJ
ajfa-12237	116	8	weight	weight	NOUN
ajfa-12237	116	9	that	that	PRON
ajfa-12237	116	10	product	product	NOUN
ajfa-12237	116	11	strategy	strategy	NOUN
ajfa-12237	116	12	has	have	VERB
ajfa-12237	116	13	in	in	ADP
ajfa-12237	116	14	modifying	modify	VERB
ajfa-12237	116	15	business	business	NOUN
ajfa-12237	116	16	economic	economic	ADJ
ajfa-12237	116	17	-	-	PUNCT
ajfa-12237	116	18	financial	financial	ADJ
ajfa-12237	116	19	profiles	profile	NOUN
ajfa-12237	116	20	.	.	PUNCT
ajfa-12237	117	1	nevertheless	nevertheless	ADV
ajfa-12237	117	2	,	,	PUNCT
ajfa-12237	117	3	some	some	DET
ajfa-12237	117	4	empirical	empirical	ADJ
ajfa-12237	117	5	studies	study	NOUN
ajfa-12237	117	6	not	not	PART
ajfa-12237	117	7	sustain	sustain	VERB
ajfa-12237	117	8	this	this	DET
ajfa-12237	117	9	hypothesis	hypothesis	NOUN
ajfa-12237	117	10	(	(	PUNCT
ajfa-12237	117	11	chatterjee	chatterjee	NOUN
ajfa-12237	117	12	,	,	PUNCT
ajfa-12237	117	13	1990	1990	NUM
ajfa-12237	117	14	;	;	PUNCT
ajfa-12237	117	15	yip	yip	PROPN
ajfa-12237	117	16	,	,	PUNCT
ajfa-12237	117	17	1982	1982	NUM
ajfa-12237	117	18	)	)	PUNCT
ajfa-12237	117	19	.	.	PUNCT
ajfa-12237	118	1	this	this	DET
ajfa-12237	118	2	result	result	NOUN
ajfa-12237	118	3	is	be	AUX
ajfa-12237	118	4	in	in	ADP
ajfa-12237	118	5	accordance	accordance	NOUN
ajfa-12237	118	6	with	with	ADP
ajfa-12237	118	7	chatterjee	chatterjee	NOUN
ajfa-12237	118	8	and	and	CCONJ
ajfa-12237	118	9	singh	singh	PROPN
ajfa-12237	118	10	(	(	PUNCT
ajfa-12237	118	11	1995	1995	NUM
ajfa-12237	118	12	)	)	PUNCT
ajfa-12237	118	13	which	which	PRON
ajfa-12237	118	14	highlighted	highlight	VERB
ajfa-12237	118	15	the	the	DET
ajfa-12237	118	16	importance	importance	NOUN
ajfa-12237	118	17	of	of	ADP
ajfa-12237	118	18	diversification	diversification	NOUN
ajfa-12237	118	19	in	in	ADP
ajfa-12237	118	20	the	the	DET
ajfa-12237	118	21	growth	growth	NOUN
ajfa-12237	118	22	of	of	ADP
ajfa-12237	118	23	company	company	NOUN
ajfa-12237	118	24	value	value	NOUN
ajfa-12237	118	25	and	and	CCONJ
ajfa-12237	118	26	the	the	DET
ajfa-12237	118	27	strong	strong	ADJ
ajfa-12237	118	28	link	link	NOUN
ajfa-12237	118	29	between	between	ADP
ajfa-12237	118	30	sources	source	NOUN
ajfa-12237	118	31	of	of	ADP
ajfa-12237	118	32	financing	financing	NOUN
ajfa-12237	118	33	and	and	CCONJ
ajfa-12237	118	34	adopted	adopt	VERB
ajfa-12237	118	35	strategy	strategy	NOUN
ajfa-12237	118	36	.	.	PUNCT
ajfa-12237	119	1	according	accord	VERB
ajfa-12237	119	2	to	to	ADP
ajfa-12237	119	3	the	the	DET
ajfa-12237	119	4	studies	study	NOUN
ajfa-12237	119	5	conducted	conduct	VERB
ajfa-12237	119	6	previously	previously	ADV
ajfa-12237	119	7	(	(	PUNCT
ajfa-12237	119	8	balakrishnan	balakrishnan	PROPN
ajfa-12237	119	9	and	and	CCONJ
ajfa-12237	119	10	fox	fox	PROPN
ajfa-12237	119	11	,	,	PUNCT
ajfa-12237	119	12	1993	1993	NUM
ajfa-12237	119	13	;	;	PUNCT
ajfa-12237	119	14	barton	barton	PROPN
ajfa-12237	119	15	and	and	CCONJ
ajfa-12237	119	16	gordon	gordon	PROPN
ajfa-12237	119	17	,	,	PUNCT
ajfa-12237	119	18	1988	1988	NUM
ajfa-12237	119	19	;	;	PUNCT
ajfa-12237	119	20	bromiley	bromiley	NOUN
ajfa-12237	119	21	,	,	PUNCT
ajfa-12237	119	22	1990	1990	NUM
ajfa-12237	119	23	;	;	PUNCT
ajfa-12237	119	24	jensen	jensen	PROPN
ajfa-12237	119	25	,	,	PUNCT
ajfa-12237	119	26	1986	1986	NUM
ajfa-12237	119	27	)	)	PUNCT
ajfa-12237	119	28	,	,	PUNCT
ajfa-12237	119	29	this	this	DET
ajfa-12237	119	30	work	work	NOUN
ajfa-12237	119	31	has	have	AUX
ajfa-12237	119	32	shown	show	VERB
ajfa-12237	119	33	that	that	SCONJ
ajfa-12237	119	34	financial	financial	ADJ
ajfa-12237	119	35	strategy	strategy	NOUN
ajfa-12237	119	36	is	be	AUX
ajfa-12237	119	37	asian	asian	ADJ
ajfa-12237	119	38	journal	journal	NOUN
ajfa-12237	119	39	of	of	ADP
ajfa-12237	119	40	finance	finance	PROPN
ajfa-12237	119	41	&	&	CCONJ
ajfa-12237	119	42	accounting	accounting	PROPN
ajfa-12237	119	43	issn	issn	PROPN
ajfa-12237	119	44	1946	1946	NUM
ajfa-12237	119	45	-	-	PUNCT
ajfa-12237	119	46	052x	052x	PROPN
ajfa-12237	119	47	2017	2017	NUM
ajfa-12237	119	48	,	,	PUNCT
ajfa-12237	119	49	vol	vol	NOUN
ajfa-12237	119	50	.	.	NOUN
ajfa-12237	120	1	9	9	NUM
ajfa-12237	120	2	,	,	PUNCT
ajfa-12237	120	3	no	no	INTJ
ajfa-12237	120	4	.	.	NOUN
ajfa-12237	120	5	2	2	NUM
ajfa-12237	120	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12237	120	7	317	317	NUM
ajfa-12237	120	8	influenced	influence	VERB
ajfa-12237	120	9	by	by	ADP
ajfa-12237	120	10	diversification	diversification	NOUN
ajfa-12237	120	11	strategy	strategy	NOUN
ajfa-12237	120	12	and	and	CCONJ
ajfa-12237	120	13	that	that	SCONJ
ajfa-12237	120	14	capital	capital	NOUN
ajfa-12237	120	15	structure	structure	NOUN
ajfa-12237	120	16	influences	influence	VERB
ajfa-12237	120	17	simultaneously	simultaneously	ADV
ajfa-12237	120	18	the	the	DET
ajfa-12237	120	19	relative	relative	ADJ
ajfa-12237	120	20	diversification	diversification	NOUN
ajfa-12237	120	21	strategy	strategy	NOUN
ajfa-12237	120	22	.	.	PUNCT
ajfa-12237	121	1	moreover	moreover	ADV
ajfa-12237	121	2	,	,	PUNCT
ajfa-12237	121	3	this	this	DET
ajfa-12237	121	4	study	study	NOUN
ajfa-12237	121	5	highlights	highlight	VERB
ajfa-12237	121	6	the	the	DET
ajfa-12237	121	7	importance	importance	NOUN
ajfa-12237	121	8	of	of	ADP
ajfa-12237	121	9	diversification	diversification	NOUN
ajfa-12237	121	10	on	on	ADP
ajfa-12237	121	11	firm	firm	ADJ
ajfa-12237	121	12	value	value	NOUN
ajfa-12237	121	13	creation	creation	NOUN
ajfa-12237	121	14	.	.	PUNCT
ajfa-12237	122	1	references	reference	NOUN
ajfa-12237	122	2	balakrishnan	balakrishnan	PROPN
ajfa-12237	122	3	,	,	PUNCT
ajfa-12237	122	4	s.	s.	PROPN
ajfa-12237	122	5	,	,	PUNCT
ajfa-12237	122	6	&	&	CCONJ
ajfa-12237	122	7	fox	fox	PROPN
ajfa-12237	122	8	,	,	PUNCT
ajfa-12237	122	9	i.	i.	PROPN
ajfa-12237	122	10	(	(	PUNCT
ajfa-12237	122	11	1993	1993	NUM
ajfa-12237	122	12	)	)	PUNCT
ajfa-12237	122	13	.	.	PUNCT
ajfa-12237	123	1	asset	asset	NOUN
ajfa-12237	123	2	specificity	specificity	NOUN
ajfa-12237	123	3	,	,	PUNCT
ajfa-12237	123	4	firm	firm	ADJ
ajfa-12237	123	5	heterogeneity	heterogeneity	NOUN
ajfa-12237	123	6	and	and	CCONJ
ajfa-12237	123	7	capital	capital	NOUN
ajfa-12237	123	8	structure	structure	NOUN
ajfa-12237	123	9	.	.	PUNCT
ajfa-12237	124	1	strategic	strategic	ADJ
ajfa-12237	124	2	management	management	NOUN
ajfa-12237	124	3	journal	journal	NOUN
ajfa-12237	124	4	,	,	PUNCT
ajfa-12237	124	5	14(1	14(1	NUM
ajfa-12237	124	6	)	)	PUNCT
ajfa-12237	124	7	,	,	PUNCT
ajfa-12237	124	8	3	3	NUM
ajfa-12237	124	9	-	-	SYM
ajfa-12237	124	10	16	16	NUM
ajfa-12237	124	11	.	.	PUNCT
ajfa-12237	125	1	https://doi.org/10.1002/smj.4250140103	https://doi.org/10.1002/smj.4250140103	PROPN
ajfa-12237	125	2	.	.	PUNCT
ajfa-12237	125	3	barton	barton	PROPN
ajfa-12237	125	4	,	,	PUNCT
ajfa-12237	125	5	s.	s.	PROPN
ajfa-12237	125	6	l.	l.	PROPN
ajfa-12237	125	7	,	,	PUNCT
ajfa-12237	125	8	&	&	CCONJ
ajfa-12237	125	9	gordon	gordon	PROPN
ajfa-12237	125	10	,	,	PUNCT
ajfa-12237	125	11	p.	p.	PROPN
ajfa-12237	125	12	j.	j.	PROPN
ajfa-12237	126	1	(	(	PUNCT
ajfa-12237	126	2	1988	1988	NUM
ajfa-12237	126	3	)	)	PUNCT
ajfa-12237	126	4	.	.	PUNCT
ajfa-12237	127	1	corporate	corporate	ADJ
ajfa-12237	127	2	strategy	strategy	NOUN
ajfa-12237	127	3	and	and	CCONJ
ajfa-12237	127	4	capital	capital	NOUN
ajfa-12237	127	5	structure	structure	NOUN
ajfa-12237	127	6	.	.	PUNCT
ajfa-12237	128	1	strategic	strategic	ADJ
ajfa-12237	128	2	management	management	NOUN
ajfa-12237	128	3	journal	journal	NOUN
ajfa-12237	128	4	,	,	PUNCT
ajfa-12237	128	5	9(6	9(6	NUM
ajfa-12237	128	6	)	)	PUNCT
ajfa-12237	128	7	,	,	PUNCT
ajfa-12237	128	8	623	623	NUM
ajfa-12237	128	9	-	-	SYM
ajfa-12237	128	10	632	632	NUM
ajfa-12237	128	11	.	.	PUNCT
ajfa-12237	129	1	https://doi.org/10.1002/smj.4250090608	https://doi.org/10.1002/smj.4250090608	NOUN
ajfa-12237	129	2	.	.	PUNCT
ajfa-12237	130	1	bennet	bennet	PROPN
ajfa-12237	130	2	stewart	stewart	PROPN
ajfa-12237	130	3	,	,	PUNCT
ajfa-12237	130	4	g.	g.	PROPN
ajfa-12237	130	5	(	(	PUNCT
ajfa-12237	130	6	1991	1991	NUM
ajfa-12237	130	7	)	)	PUNCT
ajfa-12237	130	8	.	.	PUNCT
ajfa-12237	131	1	the	the	DET
ajfa-12237	131	2	quest	quest	NOUN
ajfa-12237	131	3	for	for	ADP
ajfa-12237	131	4	value	value	NOUN
ajfa-12237	131	5	.	.	PUNCT
ajfa-12237	132	1	harper	harper	NOUN
ajfa-12237	132	2	collins	collins	PROPN
ajfa-12237	132	3	publishers	publisher	NOUN
ajfa-12237	132	4	,	,	PUNCT
ajfa-12237	132	5	new	new	PROPN
ajfa-12237	132	6	york	york	PROPN
ajfa-12237	132	7	.	.	PUNCT
ajfa-12237	133	1	bennet	bennet	PROPN
ajfa-12237	133	2	stewart	stewart	PROPN
ajfa-12237	133	3	,	,	PUNCT
ajfa-12237	133	4	g.	g.	PROPN
ajfa-12237	133	5	(	(	PUNCT
ajfa-12237	133	6	2000	2000	NUM
ajfa-12237	133	7	)	)	PUNCT
ajfa-12237	133	8	.	.	PUNCT
ajfa-12237	134	1	la	la	PROPN
ajfa-12237	134	2	ricerca	ricerca	PROPN
ajfa-12237	134	3	del	del	PROPN
ajfa-12237	134	4	valore	valore	NOUN
ajfa-12237	134	5	.	.	PUNCT
ajfa-12237	135	1	una	una	PROPN
ajfa-12237	135	2	guida	guida	PROPN
ajfa-12237	135	3	per	per	ADP
ajfa-12237	135	4	il	il	PROPN
ajfa-12237	135	5	management	management	PROPN
ajfa-12237	135	6	e	e	PROPN
ajfa-12237	135	7	per	per	ADP
ajfa-12237	135	8	gli	gli	NOUN
ajfa-12237	135	9	azionisti	azionisti	NOUN
ajfa-12237	135	10	.	.	PUNCT
ajfa-12237	136	1	egea	egea	PROPN
ajfa-12237	136	2	,	,	PUNCT
ajfa-12237	136	3	milano	milano	PROPN
ajfa-12237	136	4	.	.	PUNCT
ajfa-12237	137	1	brealey	brealey	PROPN
ajfa-12237	137	2	,	,	PUNCT
ajfa-12237	137	3	r.	r.	PROPN
ajfa-12237	137	4	a.	a.	PROPN
ajfa-12237	137	5	,	,	PUNCT
ajfa-12237	137	6	&	&	CCONJ
ajfa-12237	137	7	myers	myers	PROPN
ajfa-12237	137	8	,	,	PUNCT
ajfa-12237	137	9	s.	s.	PROPN
ajfa-12237	137	10	c.	c.	PROPN
ajfa-12237	137	11	(	(	PUNCT
ajfa-12237	137	12	1991	1991	NUM
ajfa-12237	137	13	)	)	PUNCT
ajfa-12237	137	14	.	.	PUNCT
ajfa-12237	138	1	principles	principle	NOUN
ajfa-12237	138	2	of	of	ADP
ajfa-12237	138	3	corporate	corporate	ADJ
ajfa-12237	138	4	finance	finance	NOUN
ajfa-12237	138	5	.	.	PUNCT
ajfa-12237	139	1	mcgraw	mcgraw	PROPN
ajfa-12237	139	2	-	-	PUNCT
ajfa-12237	139	3	hill	hill	PROPN
ajfa-12237	139	4	,	,	PUNCT
ajfa-12237	139	5	new	new	PROPN
ajfa-12237	139	6	york	york	PROPN
ajfa-12237	139	7	.	.	PUNCT
ajfa-12237	140	1	bromiley	bromiley	PROPN
ajfa-12237	140	2	,	,	PUNCT
ajfa-12237	140	3	p.	p.	NOUN
ajfa-12237	140	4	(	(	PUNCT
ajfa-12237	140	5	1990	1990	NUM
ajfa-12237	140	6	)	)	PUNCT
ajfa-12237	140	7	.	.	PUNCT
ajfa-12237	141	1	on	on	ADP
ajfa-12237	141	2	the	the	DET
ajfa-12237	141	3	use	use	NOUN
ajfa-12237	141	4	of	of	ADP
ajfa-12237	141	5	financial	financial	ADJ
ajfa-12237	141	6	theory	theory	NOUN
ajfa-12237	141	7	in	in	ADP
ajfa-12237	141	8	strategic	strategic	ADJ
ajfa-12237	141	9	management	management	NOUN
ajfa-12237	141	10	.	.	PUNCT
ajfa-12237	142	1	advances	advance	NOUN
ajfa-12237	142	2	in	in	ADP
ajfa-12237	142	3	strategic	strategic	ADJ
ajfa-12237	142	4	management	management	NOUN
ajfa-12237	142	5	:	:	PUNCT
ajfa-12237	142	6	a	a	DET
ajfa-12237	142	7	research	research	NOUN
ajfa-12237	142	8	annual	annual	ADJ
ajfa-12237	142	9	,	,	PUNCT
ajfa-12237	142	10	6	6	NUM
ajfa-12237	142	11	,	,	PUNCT
ajfa-12237	142	12	71	71	NUM
ajfa-12237	142	13	-	-	SYM
ajfa-12237	142	14	98	98	NUM
ajfa-12237	142	15	.	.	PUNCT
ajfa-12237	143	1	chatterjee	chatterjee	PROPN
ajfa-12237	143	2	,	,	PUNCT
ajfa-12237	143	3	s.	s.	PROPN
ajfa-12237	143	4	(	(	PUNCT
ajfa-12237	143	5	1990	1990	NUM
ajfa-12237	143	6	)	)	PUNCT
ajfa-12237	143	7	.	.	PUNCT
ajfa-12237	144	1	excess	excess	ADJ
ajfa-12237	144	2	resources	resource	NOUN
ajfa-12237	144	3	,	,	PUNCT
ajfa-12237	144	4	utilization	utilization	NOUN
ajfa-12237	144	5	costs	cost	NOUN
ajfa-12237	144	6	,	,	PUNCT
ajfa-12237	144	7	and	and	CCONJ
ajfa-12237	144	8	mode	mode	NOUN
ajfa-12237	144	9	of	of	ADP
ajfa-12237	144	10	entry	entry	NOUN
ajfa-12237	144	11	.	.	PUNCT
ajfa-12237	145	1	the	the	DET
ajfa-12237	145	2	academy	academy	PROPN
ajfa-12237	145	3	of	of	ADP
ajfa-12237	145	4	management	management	PROPN
ajfa-12237	145	5	journal	journal	NOUN
ajfa-12237	145	6	,	,	PUNCT
ajfa-12237	145	7	33(4	33(4	NUM
ajfa-12237	145	8	)	)	PUNCT
ajfa-12237	145	9	,	,	PUNCT
ajfa-12237	145	10	780	780	NUM
ajfa-12237	145	11	-	-	SYM
ajfa-12237	145	12	800	800	NUM
ajfa-12237	145	13	.	.	PUNCT
ajfa-12237	146	1	https://doi.org/10.2307/256290	https://doi.org/10.2307/256290	PROPN
ajfa-12237	146	2	.	.	PUNCT
ajfa-12237	147	1	chatterjee	chatterjee	PROPN
ajfa-12237	147	2	,	,	PUNCT
ajfa-12237	147	3	s.	s.	PROPN
ajfa-12237	147	4	,	,	PUNCT
ajfa-12237	147	5	&	&	CCONJ
ajfa-12237	147	6	singh	singh	PROPN
ajfa-12237	147	7	,	,	PUNCT
ajfa-12237	147	8	j.	j.	PROPN
ajfa-12237	147	9	(	(	PUNCT
ajfa-12237	147	10	1995	1995	NUM
ajfa-12237	147	11	)	)	PUNCT
ajfa-12237	147	12	.	.	PUNCT
ajfa-12237	148	1	the	the	DET
ajfa-12237	148	2	type	type	NOUN
ajfa-12237	148	3	of	of	ADP
ajfa-12237	148	4	entered	enter	VERB
ajfa-12237	148	5	market	market	NOUN
ajfa-12237	148	6	and	and	CCONJ
ajfa-12237	148	7	the	the	DET
ajfa-12237	148	8	mode	mode	NOUN
ajfa-12237	148	9	of	of	ADP
ajfa-12237	148	10	entry	entry	NOUN
ajfa-12237	148	11	:	:	PUNCT
ajfa-12237	148	12	an	an	DET
ajfa-12237	148	13	examination	examination	NOUN
ajfa-12237	148	14	of	of	ADP
ajfa-12237	148	15	their	their	PRON
ajfa-12237	148	16	simultaneity	simultaneity	NOUN
ajfa-12237	148	17	and	and	CCONJ
ajfa-12237	148	18	reciprocal	reciprocal	ADJ
ajfa-12237	148	19	relationship	relationship	NOUN
ajfa-12237	148	20	.	.	PUNCT
ajfa-12237	149	1	working	working	NOUN
ajfa-12237	149	2	paper	paper	NOUN
ajfa-12237	149	3	,	,	PUNCT
ajfa-12237	149	4	case	case	NOUN
ajfa-12237	149	5	western	western	PROPN
ajfa-12237	149	6	reserve	reserve	PROPN
ajfa-12237	149	7	university	university	PROPN
ajfa-12237	149	8	.	.	PUNCT
ajfa-12237	150	1	chatterjee	chatterjee	PROPN
ajfa-12237	150	2	,	,	PUNCT
ajfa-12237	150	3	s.	s.	PROPN
ajfa-12237	150	4	,	,	PUNCT
ajfa-12237	150	5	&	&	CCONJ
ajfa-12237	150	6	wernerfelt	wernerfelt	PROPN
ajfa-12237	150	7	,	,	PUNCT
ajfa-12237	150	8	b.	b.	PROPN
ajfa-12237	150	9	(	(	PUNCT
ajfa-12237	150	10	1991	1991	NUM
ajfa-12237	150	11	)	)	PUNCT
ajfa-12237	150	12	.	.	PUNCT
ajfa-12237	151	1	the	the	DET
ajfa-12237	151	2	link	link	NOUN
ajfa-12237	151	3	between	between	ADP
ajfa-12237	151	4	resources	resource	NOUN
ajfa-12237	151	5	and	and	CCONJ
ajfa-12237	151	6	type	type	NOUN
ajfa-12237	151	7	of	of	ADP
ajfa-12237	151	8	diversification	diversification	NOUN
ajfa-12237	151	9	:	:	PUNCT
ajfa-12237	151	10	theory	theory	NOUN
ajfa-12237	151	11	and	and	CCONJ
ajfa-12237	151	12	evidence	evidence	NOUN
ajfa-12237	151	13	.	.	PUNCT
ajfa-12237	152	1	strategic	strategic	ADJ
ajfa-12237	152	2	management	management	NOUN
ajfa-12237	152	3	journal	journal	NOUN
ajfa-12237	152	4	,	,	PUNCT
ajfa-12237	152	5	12(1	12(1	NUM
ajfa-12237	152	6	)	)	PUNCT
ajfa-12237	152	7	,	,	PUNCT
ajfa-12237	152	8	33	33	NUM
ajfa-12237	152	9	-	-	SYM
ajfa-12237	152	10	48	48	NUM
ajfa-12237	152	11	.	.	PUNCT
ajfa-12237	153	1	https://doi.org/10.1002/smj.4250120104	https://doi.org/10.1002/smj.4250120104	PROPN
ajfa-12237	153	2	.	.	PUNCT
ajfa-12237	153	3	copeland	copeland	PROPN
ajfa-12237	153	4	,	,	PUNCT
ajfa-12237	153	5	t.	t.	PROPN
ajfa-12237	153	6	e	e	PROPN
ajfa-12237	153	7	,	,	PUNCT
ajfa-12237	153	8	koller	koller	PROPN
ajfa-12237	153	9	,	,	PUNCT
ajfa-12237	153	10	t.	t.	PROPN
ajfa-12237	153	11	,	,	PUNCT
ajfa-12237	153	12	&	&	CCONJ
ajfa-12237	153	13	murrin	murrin	PROPN
ajfa-12237	153	14	,	,	PUNCT
ajfa-12237	153	15	j.	j.	PROPN
ajfa-12237	153	16	(	(	PUNCT
ajfa-12237	153	17	2002	2002	NUM
ajfa-12237	153	18	)	)	PUNCT
ajfa-12237	153	19	.	.	PUNCT
ajfa-12237	154	1	il	il	PROPN
ajfa-12237	154	2	valore	valore	PROPN
ajfa-12237	154	3	dell’impresa	dell’impresa	PROPN
ajfa-12237	154	4	.	.	PROPN
ajfa-12237	155	1	strategie	strategie	PROPN
ajfa-12237	155	2	di	di	X
ajfa-12237	155	3	valutazione	valutazione	PROPN
ajfa-12237	155	4	e	e	X
ajfa-12237	155	5	gestione	gestione	NOUN
ajfa-12237	155	6	.	.	PUNCT
ajfa-12237	156	1	il	il	PROPN
ajfa-12237	156	2	sole	sole	ADJ
ajfa-12237	156	3	24	24	NUM
ajfa-12237	156	4	ore	ore	NOUN
ajfa-12237	156	5	,	,	PUNCT
ajfa-12237	156	6	milano	milano	PROPN
ajfa-12237	156	7	.	.	PUNCT
ajfa-12237	157	1	di	di	PROPN
ajfa-12237	157	2	lazzaro	lazzaro	PROPN
ajfa-12237	157	3	,	,	PUNCT
ajfa-12237	157	4	f.	f.	PROPN
ajfa-12237	157	5	(	(	PUNCT
ajfa-12237	157	6	2003	2003	NUM
ajfa-12237	157	7	)	)	PUNCT
ajfa-12237	157	8	.	.	PUNCT
ajfa-12237	158	1	la	la	PROPN
ajfa-12237	158	2	performance	performance	NOUN
ajfa-12237	158	3	del	del	PROPN
ajfa-12237	158	4	valore	valore	NOUN
ajfa-12237	158	5	.	.	PUNCT
ajfa-12237	159	1	per	per	ADP
ajfa-12237	159	2	l’analisi	l’analisi	X
ajfa-12237	159	3	aziendale	aziendale	PROPN
ajfa-12237	159	4	.	.	PUNCT
ajfa-12237	159	5	giappichelli	giappichelli	PROPN
ajfa-12237	159	6	,	,	PUNCT
ajfa-12237	159	7	torino	torino	PROPN
ajfa-12237	159	8	.	.	PUNCT
ajfa-12237	159	9	donna	donna	PROPN
ajfa-12237	159	10	,	,	PUNCT
ajfa-12237	159	11	g.	g.	PROPN
ajfa-12237	159	12	(	(	PUNCT
ajfa-12237	159	13	1999	1999	NUM
ajfa-12237	159	14	)	)	PUNCT
ajfa-12237	159	15	.	.	PUNCT
ajfa-12237	160	1	la	la	PROPN
ajfa-12237	160	2	creazione	creazione	X
ajfa-12237	160	3	di	di	X
ajfa-12237	160	4	valore	valore	PROPN
ajfa-12237	160	5	nella	nella	PROPN
ajfa-12237	160	6	gestione	gestione	PROPN
ajfa-12237	160	7	dell’impresa	dell’impresa	PROPN
ajfa-12237	160	8	.	.	PROPN
ajfa-12237	160	9	carocci	carocci	PROPN
ajfa-12237	160	10	,	,	PUNCT
ajfa-12237	160	11	roma	roma	PROPN
ajfa-12237	160	12	.	.	PUNCT
ajfa-12237	160	13	ezzamel	ezzamel	PROPN
ajfa-12237	160	14	,	,	PUNCT
ajfa-12237	160	15	m.	m.	NOUN
ajfa-12237	160	16	(	(	PUNCT
ajfa-12237	160	17	1996	1996	NUM
ajfa-12237	160	18	)	)	PUNCT
ajfa-12237	160	19	.	.	PUNCT
ajfa-12237	161	1	la	la	PROPN
ajfa-12237	161	2	misurazione	misurazione	NOUN
ajfa-12237	161	3	e	e	X
ajfa-12237	161	4	la	la	X
ajfa-12237	161	5	valutazione	valutazione	X
ajfa-12237	161	6	della	della	NOUN
ajfa-12237	161	7	performance	performance	NOUN
ajfa-12237	161	8	divisionale	divisionale	NOUN
ajfa-12237	161	9	.	.	PUNCT
ajfa-12237	162	1	parametri	parametri	ADJ
ajfa-12237	162	2	contabili	contabili	NOUN
ajfa-12237	162	3	,	,	PUNCT
ajfa-12237	162	4	finanziari	finanziari	PROPN
ajfa-12237	162	5	e	e	NOUN
ajfa-12237	162	6	qualitativi	qualitativi	PROPN
ajfa-12237	162	7	.	.	PUNCT
ajfa-12237	163	1	egea	egea	PROPN
ajfa-12237	163	2	,	,	PUNCT
ajfa-12237	163	3	milano	milano	PROPN
ajfa-12237	163	4	.	.	PUNCT
ajfa-12237	164	1	grant	grant	PROPN
ajfa-12237	164	2	,	,	PUNCT
ajfa-12237	164	3	j.	j.	PROPN
ajfa-12237	164	4	l.	l.	PROPN
ajfa-12237	164	5	(	(	PUNCT
ajfa-12237	164	6	2003	2003	NUM
ajfa-12237	164	7	)	)	PUNCT
ajfa-12237	164	8	.	.	PUNCT
ajfa-12237	165	1	foundations	foundation	NOUN
ajfa-12237	165	2	of	of	ADP
ajfa-12237	165	3	economic	economic	ADJ
ajfa-12237	165	4	value	value	NOUN
ajfa-12237	165	5	added	add	VERB
ajfa-12237	165	6	.	.	PUNCT
ajfa-12237	166	1	john	john	PROPN
ajfa-12237	166	2	wiley	wiley	PROPN
ajfa-12237	166	3	and	and	CCONJ
ajfa-12237	166	4	sons	son	NOUN
ajfa-12237	166	5	,	,	PUNCT
ajfa-12237	166	6	hoboken	hoboken	PROPN
ajfa-12237	166	7	.	.	PUNCT
ajfa-12237	167	1	guatri	guatri	PROPN
ajfa-12237	167	2	,	,	PUNCT
ajfa-12237	167	3	l.	l.	PROPN
ajfa-12237	167	4	(	(	PUNCT
ajfa-12237	167	5	1991	1991	NUM
ajfa-12237	167	6	)	)	PUNCT
ajfa-12237	167	7	.	.	PUNCT
ajfa-12237	168	1	la	la	PROPN
ajfa-12237	168	2	teoria	teoria	X
ajfa-12237	168	3	di	di	X
ajfa-12237	168	4	creazione	creazione	X
ajfa-12237	168	5	del	del	PROPN
ajfa-12237	168	6	valore	valore	PROPN
ajfa-12237	168	7	:	:	PUNCT
ajfa-12237	168	8	una	una	PROPN
ajfa-12237	168	9	via	via	ADP
ajfa-12237	168	10	europea	europea	PROPN
ajfa-12237	168	11	.	.	PUNCT
ajfa-12237	169	1	egea	egea	PROPN
ajfa-12237	169	2	,	,	PUNCT
ajfa-12237	169	3	milano	milano	PROPN
ajfa-12237	169	4	.	.	PUNCT
ajfa-12237	170	1	jensen	jensen	PROPN
ajfa-12237	170	2	,	,	PUNCT
ajfa-12237	170	3	m.	m.	PROPN
ajfa-12237	170	4	c.	c.	PROPN
ajfa-12237	170	5	(	(	PUNCT
ajfa-12237	170	6	1986	1986	NUM
ajfa-12237	170	7	)	)	PUNCT
ajfa-12237	170	8	.	.	PUNCT
ajfa-12237	171	1	agency	agency	NOUN
ajfa-12237	171	2	costs	cost	NOUN
ajfa-12237	171	3	of	of	ADP
ajfa-12237	171	4	free	free	ADJ
ajfa-12237	171	5	cash	cash	NOUN
ajfa-12237	171	6	flow	flow	NOUN
ajfa-12237	171	7	,	,	PUNCT
ajfa-12237	171	8	corporate	corporate	ADJ
ajfa-12237	171	9	finance	finance	NOUN
ajfa-12237	171	10	,	,	PUNCT
ajfa-12237	171	11	and	and	CCONJ
ajfa-12237	171	12	takeovers	takeover	NOUN
ajfa-12237	171	13	.	.	PUNCT
ajfa-12237	172	1	the	the	DET
ajfa-12237	172	2	american	american	PROPN
ajfa-12237	172	3	economic	economic	PROPN
ajfa-12237	172	4	review	review	PROPN
ajfa-12237	172	5	,	,	PUNCT
ajfa-12237	172	6	76(2	76(2	NUM
ajfa-12237	172	7	)	)	PUNCT
ajfa-12237	172	8	,	,	PUNCT
ajfa-12237	172	9	323	323	NUM
ajfa-12237	172	10	-	-	SYM
ajfa-12237	172	11	329	329	NUM
ajfa-12237	172	12	.	.	PUNCT
ajfa-12237	172	13	https://doi.org/10.2139/ssrn.99580	https://doi.org/10.2139/ssrn.99580	NOUN
ajfa-12237	172	14	.	.	PUNCT
ajfa-12237	173	1	asian	asian	ADJ
ajfa-12237	173	2	journal	journal	PROPN
ajfa-12237	173	3	of	of	ADP
ajfa-12237	173	4	finance	finance	PROPN
ajfa-12237	173	5	&	&	CCONJ
ajfa-12237	173	6	accounting	accounting	PROPN
ajfa-12237	173	7	issn	issn	PROPN
ajfa-12237	173	8	1946	1946	NUM
ajfa-12237	173	9	-	-	PUNCT
ajfa-12237	173	10	052x	052x	PROPN
ajfa-12237	173	11	2017	2017	NUM
ajfa-12237	173	12	,	,	PUNCT
ajfa-12237	173	13	vol	vol	NOUN
ajfa-12237	173	14	.	.	NOUN
ajfa-12237	173	15	9	9	NUM
ajfa-12237	173	16	,	,	PUNCT
ajfa-12237	173	17	no	no	NOUN
ajfa-12237	173	18	.	.	NOUN
ajfa-12237	173	19	2	2	NUM
ajfa-12237	173	20	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-12237	173	21	318	318	NUM
ajfa-12237	173	22	kochhar	kochhar	ADJ
ajfa-12237	173	23	,	,	PUNCT
ajfa-12237	173	24	r	r	NOUN
ajfa-12237	173	25	(	(	PUNCT
ajfa-12237	173	26	1996	1996	NUM
ajfa-12237	173	27	)	)	PUNCT
ajfa-12237	173	28	.	.	PUNCT
ajfa-12237	174	1	explaining	explain	VERB
ajfa-12237	174	2	firm	firm	ADJ
ajfa-12237	174	3	capital	capital	NOUN
ajfa-12237	174	4	structure	structure	NOUN
ajfa-12237	174	5	:	:	PUNCT
ajfa-12237	174	6	the	the	DET
ajfa-12237	174	7	role	role	NOUN
ajfa-12237	174	8	of	of	ADP
ajfa-12237	174	9	agency	agency	NOUN
ajfa-12237	174	10	theory	theory	NOUN
ajfa-12237	174	11	vs.	vs.	ADP
ajfa-12237	174	12	transaction	transaction	NOUN
ajfa-12237	174	13	cost	cost	VERB
ajfa-12237	174	14	economics	economic	NOUN
ajfa-12237	174	15	.	.	PUNCT
ajfa-12237	175	1	strategic	strategic	ADJ
ajfa-12237	175	2	management	management	NOUN
ajfa-12237	175	3	journal	journal	NOUN
ajfa-12237	175	4	,	,	PUNCT
ajfa-12237	175	5	17(9	17(9	NOUN
ajfa-12237	175	6	)	)	PUNCT
ajfa-12237	175	7	,	,	PUNCT
ajfa-12237	175	8	http://dx.doi.org/10.1002/(sici)1097-0266(199611)17:9<713::aid-smj844>3.0.co;2-9	http://dx.doi.org/10.1002/(sici)1097-0266(199611)17:9<713::aid-smj844>3.0.co;2-9	NOUN
ajfa-12237	175	9	.	.	PUNCT
ajfa-12237	175	10	lothian	lothian	PROPN
ajfa-12237	175	11	,	,	PUNCT
ajfa-12237	175	12	n.	n.	PROPN
ajfa-12237	175	13	(	(	PUNCT
ajfa-12237	175	14	2005	2005	NUM
ajfa-12237	175	15	)	)	PUNCT
ajfa-12237	175	16	.	.	PUNCT
ajfa-12237	176	1	misurare	misurare	PROPN
ajfa-12237	176	2	la	la	PROPN
ajfa-12237	176	3	performance	performance	PROPN
ajfa-12237	176	4	aziendale	aziendale	PROPN
ajfa-12237	176	5	.	.	PUNCT
ajfa-12237	176	6	il	il	PROPN
ajfa-12237	176	7	ruolo	ruolo	PROPN
ajfa-12237	176	8	degli	degli	PROPN
ajfa-12237	176	9	indicatori	indicatori	PROPN
ajfa-12237	176	10	funzionali	funzionali	PROPN
ajfa-12237	176	11	.	.	PUNCT
ajfa-12237	177	1	egea	egea	PROPN
ajfa-12237	177	2	,	,	PUNCT
ajfa-12237	177	3	milano	milano	PROPN
ajfa-12237	177	4	.	.	PUNCT
ajfa-12237	178	1	modigliani	modigliani	PROPN
ajfa-12237	178	2	,	,	PUNCT
ajfa-12237	178	3	f.	f.	PROPN
ajfa-12237	178	4	,	,	PUNCT
ajfa-12237	178	5	&	&	CCONJ
ajfa-12237	178	6	miller	miller	PROPN
ajfa-12237	178	7	,	,	PUNCT
ajfa-12237	178	8	m.	m.	NOUN
ajfa-12237	178	9	h.	h.	PROPN
ajfa-12237	178	10	(	(	PUNCT
ajfa-12237	178	11	1958	1958	NUM
ajfa-12237	178	12	)	)	PUNCT
ajfa-12237	178	13	.	.	PUNCT
ajfa-12237	179	1	the	the	DET
ajfa-12237	179	2	cost	cost	NOUN
ajfa-12237	179	3	of	of	ADP
ajfa-12237	179	4	capital	capital	NOUN
ajfa-12237	179	5	,	,	PUNCT
ajfa-12237	179	6	corporation	corporation	NOUN
ajfa-12237	179	7	finance	finance	NOUN
ajfa-12237	179	8	and	and	CCONJ
ajfa-12237	179	9	the	the	DET
ajfa-12237	179	10	teory	teory	NOUN
ajfa-12237	179	11	of	of	ADP
ajfa-12237	179	12	investment	investment	NOUN
ajfa-12237	179	13	.	.	PUNCT
ajfa-12237	180	1	the	the	DET
ajfa-12237	180	2	american	american	PROPN
ajfa-12237	180	3	economic	economic	PROPN
ajfa-12237	180	4	review	review	PROPN
ajfa-12237	180	5	,	,	PUNCT
ajfa-12237	180	6	48(3	48(3	PROPN
ajfa-12237	180	7	)	)	PUNCT
ajfa-12237	180	8	,	,	PUNCT
ajfa-12237	180	9	261	261	NUM
ajfa-12237	180	10	-	-	SYM
ajfa-12237	180	11	297	297	NUM
ajfa-12237	180	12	.	.	PUNCT
ajfa-12237	181	1	myers	myers	PROPN
ajfa-12237	181	2	,	,	PUNCT
ajfa-12237	181	3	s.	s.	PROPN
ajfa-12237	181	4	c.	c.	PROPN
ajfa-12237	181	5	,	,	PUNCT
ajfa-12237	181	6	&	&	CCONJ
ajfa-12237	181	7	majluf	majluf	PROPN
ajfa-12237	181	8	,	,	PUNCT
ajfa-12237	181	9	n.	n.	PROPN
ajfa-12237	181	10	s.	s.	PROPN
ajfa-12237	181	11	(	(	PUNCT
ajfa-12237	181	12	1984	1984	NUM
ajfa-12237	181	13	)	)	PUNCT
ajfa-12237	181	14	.	.	PUNCT
ajfa-12237	182	1	corporate	corporate	ADJ
ajfa-12237	182	2	financing	financing	NOUN
ajfa-12237	182	3	and	and	CCONJ
ajfa-12237	182	4	investment	investment	NOUN
ajfa-12237	182	5	decisions	decision	NOUN
ajfa-12237	182	6	when	when	SCONJ
ajfa-12237	182	7	firms	firm	NOUN
ajfa-12237	182	8	have	have	VERB
ajfa-12237	182	9	information	information	NOUN
ajfa-12237	182	10	that	that	SCONJ
ajfa-12237	182	11	investors	investor	NOUN
ajfa-12237	182	12	do	do	AUX
ajfa-12237	182	13	not	not	PART
ajfa-12237	182	14	have	have	VERB
ajfa-12237	182	15	.	.	PUNCT
ajfa-12237	183	1	journal	journal	NOUN
ajfa-12237	183	2	of	of	ADP
ajfa-12237	183	3	financial	financial	ADJ
ajfa-12237	183	4	economics	economic	NOUN
ajfa-12237	183	5	,	,	PUNCT
ajfa-12237	183	6	13(2	13(2	PROPN
ajfa-12237	183	7	)	)	PUNCT
ajfa-12237	183	8	,	,	PUNCT
ajfa-12237	183	9	187	187	NUM
ajfa-12237	183	10	-	-	SYM
ajfa-12237	183	11	221	221	NUM
ajfa-12237	183	12	.	.	PUNCT
ajfa-12237	184	1	https://doi.org/10.1016/0304-405x(84)90023-0	https://doi.org/10.1016/0304-405x(84)90023-0	PROPN
ajfa-12237	184	2	.	.	PROPN
ajfa-12237	184	3	ramanujam	ramanujam	PROPN
ajfa-12237	184	4	,	,	PUNCT
ajfa-12237	184	5	v.	v.	ADV
ajfa-12237	184	6	,	,	PUNCT
ajfa-12237	184	7	&	&	CCONJ
ajfa-12237	184	8	varadarajan	varadarajan	ADJ
ajfa-12237	184	9	,	,	PUNCT
ajfa-12237	184	10	p.	p.	NOUN
ajfa-12237	184	11	(	(	PUNCT
ajfa-12237	184	12	1989	1989	NUM
ajfa-12237	184	13	)	)	PUNCT
ajfa-12237	184	14	.	.	PUNCT
ajfa-12237	185	1	research	research	NOUN
ajfa-12237	185	2	on	on	ADP
ajfa-12237	185	3	corporate	corporate	ADJ
ajfa-12237	185	4	diversification	diversification	NOUN
ajfa-12237	185	5	:	:	PUNCT
ajfa-12237	185	6	a	a	DET
ajfa-12237	185	7	synthesis	synthesis	NOUN
ajfa-12237	185	8	.	.	PUNCT
ajfa-12237	186	1	strategic	strategic	ADJ
ajfa-12237	186	2	management	management	NOUN
ajfa-12237	186	3	journal	journal	NOUN
ajfa-12237	186	4	,	,	PUNCT
ajfa-12237	186	5	10(6	10(6	NOUN
ajfa-12237	186	6	)	)	PUNCT
ajfa-12237	186	7	,	,	PUNCT
ajfa-12237	186	8	523	523	NUM
ajfa-12237	186	9	-	-	SYM
ajfa-12237	186	10	551	551	NUM
ajfa-12237	186	11	.	.	PUNCT
ajfa-12237	187	1	https://doi.org/10.1002/smj.4250100603	https://doi.org/10.1002/smj.4250100603	PROPN
ajfa-12237	187	2	.	.	PUNCT
ajfa-12237	187	3	ray	ray	PROPN
ajfa-12237	187	4	,	,	PUNCT
ajfa-12237	187	5	s.	s.	PROPN
ajfa-12237	187	6	(	(	PUNCT
ajfa-12237	187	7	2012	2012	NUM
ajfa-12237	187	8	)	)	PUNCT
ajfa-12237	187	9	.	.	PUNCT
ajfa-12237	188	1	efficacy	efficacy	NOUN
ajfa-12237	188	2	of	of	ADP
ajfa-12237	188	3	economic	economic	ADJ
ajfa-12237	188	4	value	value	NOUN
ajfa-12237	188	5	added	add	VERB
ajfa-12237	188	6	concept	concept	NOUN
ajfa-12237	188	7	in	in	ADP
ajfa-12237	188	8	business	business	NOUN
ajfa-12237	188	9	performance	performance	NOUN
ajfa-12237	188	10	measurement	measurement	NOUN
ajfa-12237	188	11	.	.	PUNCT
ajfa-12237	189	1	advances	advance	NOUN
ajfa-12237	189	2	in	in	ADP
ajfa-12237	189	3	information	information	NOUN
ajfa-12237	189	4	technology	technology	NOUN
ajfa-12237	189	5	and	and	CCONJ
ajfa-12237	189	6	management	management	NOUN
ajfa-12237	189	7	,	,	PUNCT
ajfa-12237	189	8	2(2	2(2	NUM
ajfa-12237	189	9	)	)	PUNCT
ajfa-12237	189	10	,	,	PUNCT
ajfa-12237	189	11	260	260	NUM
ajfa-12237	189	12	-	-	SYM
ajfa-12237	189	13	267	267	NUM
ajfa-12237	189	14	.	.	PUNCT
ajfa-12237	190	1	shil	shil	NOUN
ajfa-12237	190	2	,	,	PUNCT
ajfa-12237	190	3	n.	n.	PROPN
ajfa-12237	190	4	c.	c.	PROPN
ajfa-12237	190	5	(	(	PUNCT
ajfa-12237	190	6	2009	2009	NUM
ajfa-12237	190	7	)	)	PUNCT
ajfa-12237	190	8	.	.	PUNCT
ajfa-12237	191	1	performance	performance	NOUN
ajfa-12237	191	2	measures	measure	NOUN
ajfa-12237	191	3	:	:	PUNCT
ajfa-12237	191	4	an	an	DET
ajfa-12237	191	5	application	application	NOUN
ajfa-12237	191	6	of	of	ADP
ajfa-12237	191	7	economic	economic	ADJ
ajfa-12237	191	8	value	value	NOUN
ajfa-12237	191	9	added	add	VERB
ajfa-12237	191	10	.	.	PUNCT
ajfa-12237	192	1	international	international	ADJ
ajfa-12237	192	2	journal	journal	PROPN
ajfa-12237	192	3	of	of	ADP
ajfa-12237	192	4	business	business	NOUN
ajfa-12237	192	5	and	and	CCONJ
ajfa-12237	192	6	management	management	NOUN
ajfa-12237	192	7	,	,	PUNCT
ajfa-12237	192	8	4(3	4(3	NUM
ajfa-12237	192	9	)	)	PUNCT
ajfa-12237	192	10	,	,	PUNCT
ajfa-12237	192	11	169	169	NUM
ajfa-12237	192	12	-	-	SYM
ajfa-12237	192	13	177	177	NUM
ajfa-12237	192	14	.	.	PUNCT
ajfa-12237	193	1	http://dx.doi.org/10.5539/ijbm.v4n3p169	http://dx.doi.org/10.5539/ijbm.v4n3p169	PROPN
ajfa-12237	193	2	.	.	PUNCT
ajfa-12237	194	1	stern	stern	PROPN
ajfa-12237	194	2	,	,	PUNCT
ajfa-12237	194	3	j.	j.	PROPN
ajfa-12237	194	4	m.	m.	PROPN
ajfa-12237	194	5	,	,	PUNCT
ajfa-12237	194	6	shiely	shiely	ADV
ajfa-12237	194	7	,	,	PUNCT
ajfa-12237	194	8	j.	j.	PROPN
ajfa-12237	194	9	s.	s.	PROPN
ajfa-12237	194	10	,	,	PUNCT
ajfa-12237	194	11	&	&	CCONJ
ajfa-12237	194	12	ross	ross	PROPN
ajfa-12237	194	13	,	,	PUNCT
ajfa-12237	194	14	i.	i.	PROPN
ajfa-12237	194	15	(	(	PUNCT
ajfa-12237	194	16	2001	2001	NUM
ajfa-12237	194	17	)	)	PUNCT
ajfa-12237	194	18	.	.	PUNCT
ajfa-12237	195	1	the	the	DET
ajfa-12237	195	2	eva	eva	PROPN
ajfa-12237	195	3	challenge	challenge	NOUN
ajfa-12237	195	4	:	:	PUNCT
ajfa-12237	195	5	implementing	implement	VERB
ajfa-12237	195	6	value	value	NOUN
ajfa-12237	195	7	-	-	PUNCT
ajfa-12237	195	8	added	add	VERB
ajfa-12237	195	9	change	change	NOUN
ajfa-12237	195	10	in	in	ADP
ajfa-12237	195	11	an	an	DET
ajfa-12237	195	12	organization	organization	NOUN
ajfa-12237	195	13	.	.	PUNCT
ajfa-12237	196	1	john	john	PROPN
ajfa-12237	196	2	wiley	wiley	PROPN
ajfa-12237	196	3	and	and	CCONJ
ajfa-12237	196	4	sons	son	NOUN
ajfa-12237	196	5	,	,	PUNCT
ajfa-12237	196	6	hoboken	hoboken	PROPN
ajfa-12237	196	7	.	.	PUNCT
ajfa-12237	197	1	unnisa	unnisa	PROPN
ajfa-12237	197	2	,	,	PUNCT
ajfa-12237	197	3	n.	n.	NOUN
ajfa-12237	197	4	,	,	PUNCT
ajfa-12237	197	5	&	&	CCONJ
ajfa-12237	197	6	janakiramudu	janakiramudu	ADJ
ajfa-12237	197	7	,	,	PUNCT
ajfa-12237	197	8	p.	p.	NOUN
ajfa-12237	197	9	(	(	PUNCT
ajfa-12237	197	10	2014).is	2014).is	NUM
ajfa-12237	197	11	eva	eva	NOUN
ajfa-12237	197	12	a	a	DET
ajfa-12237	197	13	superior	superior	ADJ
ajfa-12237	197	14	measure	measure	NOUN
ajfa-12237	197	15	of	of	ADP
ajfa-12237	197	16	shareholder	shareholder	NOUN
ajfa-12237	197	17	value	value	NOUN
ajfa-12237	197	18	?	?	PUNCT
ajfa-12237	198	1	evidence	evidence	NOUN
ajfa-12237	198	2	from	from	ADP
ajfa-12237	198	3	cnx	cnx	PROPN
ajfa-12237	198	4	nifty	nifty	ADJ
ajfa-12237	198	5	constituent	constituent	NOUN
ajfa-12237	198	6	firms	firm	NOUN
ajfa-12237	198	7	.	.	PUNCT
ajfa-12237	199	1	asian	asian	ADJ
ajfa-12237	199	2	journal	journal	PROPN
ajfa-12237	199	3	of	of	ADP
ajfa-12237	199	4	finance	finance	PROPN
ajfa-12237	199	5	&	&	CCONJ
ajfa-12237	199	6	accounting	accounting	NOUN
ajfa-12237	199	7	,	,	PUNCT
ajfa-12237	199	8	6(1	6(1	NUM
ajfa-12237	199	9	)	)	PUNCT
ajfa-12237	199	10	,	,	PUNCT
ajfa-12237	199	11	388	388	NUM
ajfa-12237	199	12	-	-	SYM
ajfa-12237	199	13	401	401	NUM
ajfa-12237	199	14	.	.	PUNCT
ajfa-12237	200	1	https://doi.org/10.5296/ajfa.v6i1.5372	https://doi.org/10.5296/ajfa.v6i1.5372	PROPN
ajfa-12237	200	2	.	.	PROPN
ajfa-12237	200	3	yip	yip	PROPN
ajfa-12237	200	4	,	,	PUNCT
ajfa-12237	200	5	g.	g.	PROPN
ajfa-12237	200	6	s.	s.	PROPN
ajfa-12237	200	7	(	(	PUNCT
ajfa-12237	200	8	1982	1982	NUM
ajfa-12237	200	9	)	)	PUNCT
ajfa-12237	200	10	.	.	PUNCT
ajfa-12237	201	1	diversification	diversification	NOUN
ajfa-12237	201	2	entry	entry	NOUN
ajfa-12237	201	3	:	:	PUNCT
ajfa-12237	201	4	internal	internal	ADJ
ajfa-12237	201	5	development	development	NOUN
ajfa-12237	201	6	versus	versus	ADP
ajfa-12237	201	7	acquisition	acquisition	NOUN
ajfa-12237	201	8	.	.	PUNCT
ajfa-12237	202	1	strategic	strategic	ADJ
ajfa-12237	202	2	management	management	NOUN
ajfa-12237	202	3	journal	journal	NOUN
ajfa-12237	202	4	,	,	PUNCT
ajfa-12237	202	5	3(4	3(4	NUM
ajfa-12237	202	6	)	)	PUNCT
ajfa-12237	202	7	,	,	PUNCT
ajfa-12237	202	8	331	331	NUM
ajfa-12237	202	9	-	-	SYM
ajfa-12237	202	10	345	345	NUM
ajfa-12237	202	11	.	.	PUNCT
ajfa-12237	203	1	https://doi.org/10.1002/smj.4250030405	https://doi.org/10.1002/smj.4250030405	PROPN
ajfa-12237	203	2	.	.	PUNCT