id	sid	tid	token	lemma	pos
ajfa-1243	1	1	microsoft	microsoft	PROPN
ajfa-1243	1	2	word	word	PROPN
ajfa-1243	1	3	paper	paper	NOUN
ajfa-1243	1	4	-	-	PUNCT
ajfa-1243	1	5	writer2	writer2	VERB
ajfa-1243	1	6	-	-	ADJ
ajfa-1243	1	7	new	new	ADJ
ajfa-1243	1	8	asian	asian	ADJ
ajfa-1243	1	9	journal	journal	NOUN
ajfa-1243	1	10	of	of	ADP
ajfa-1243	1	11	finance	finance	PROPN
ajfa-1243	1	12	&	&	CCONJ
ajfa-1243	1	13	accounting	accounting	PROPN
ajfa-1243	1	14	issn	issn	PROPN
ajfa-1243	1	15	1946	1946	NUM
ajfa-1243	1	16	-	-	PUNCT
ajfa-1243	1	17	052x	052x	NOUN
ajfa-1243	1	18	2012	2012	NUM
ajfa-1243	1	19	,	,	PUNCT
ajfa-1243	1	20	vol	vol	NOUN
ajfa-1243	1	21	.	.	PROPN
ajfa-1243	1	22	4	4	NUM
ajfa-1243	1	23	,	,	PUNCT
ajfa-1243	1	24	no	no	INTJ
ajfa-1243	1	25	.	.	NOUN
ajfa-1243	1	26	1	1	NUM
ajfa-1243	1	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	1	28	52	52	NUM
ajfa-1243	1	29	the	the	DET
ajfa-1243	1	30	global	global	ADJ
ajfa-1243	1	31	financial	financial	ADJ
ajfa-1243	1	32	crisis	crisis	NOUN
ajfa-1243	1	33	impact	impact	NOUN
ajfa-1243	1	34	on	on	ADP
ajfa-1243	1	35	ethnic	ethnic	ADJ
ajfa-1243	1	36	diversity	diversity	NOUN
ajfa-1243	1	37	of	of	ADP
ajfa-1243	1	38	sri	sri	PROPN
ajfa-1243	1	39	lanka	lanka	PROPN
ajfa-1243	1	40	boards	board	NOUN
ajfa-1243	1	41	nirosha	nirosha	PROPN
ajfa-1243	1	42	hewa	hewa	PROPN
ajfa-1243	1	43	wellalage	wellalage	NOUN
ajfa-1243	1	44	(	(	PUNCT
ajfa-1243	1	45	corresponding	correspond	VERB
ajfa-1243	1	46	author	author	NOUN
ajfa-1243	1	47	)	)	PUNCT
ajfa-1243	1	48	department	department	NOUN
ajfa-1243	1	49	of	of	ADP
ajfa-1243	1	50	finance	finance	NOUN
ajfa-1243	1	51	,	,	PUNCT
ajfa-1243	1	52	university	university	NOUN
ajfa-1243	1	53	of	of	ADP
ajfa-1243	1	54	waikato	waikato	PROPN
ajfa-1243	1	55	management	management	PROPN
ajfa-1243	1	56	school	school	PROPN
ajfa-1243	1	57	hamilton	hamilton	PROPN
ajfa-1243	1	58	,	,	PUNCT
ajfa-1243	1	59	new	new	PROPN
ajfa-1243	1	60	zealand	zealand	PROPN
ajfa-1243	1	61	tel	tel	PROPN
ajfa-1243	1	62	:	:	PUNCT
ajfa-1243	1	63	64-(7)-838	64-(7)-838	NOUN
ajfa-1243	1	64	-	-	SYM
ajfa-1243	1	65	4466	4466	NUM
ajfa-1243	1	66	ext	ext	NOUN
ajfa-1243	1	67	6687	6687	NUM
ajfa-1243	1	68	e	e	NOUN
ajfa-1243	1	69	-	-	NOUN
ajfa-1243	1	70	mail	mail	NOUN
ajfa-1243	1	71	:	:	PUNCT
ajfa-1243	1	72	nirosha@waikato.ac.nz	nirosha@waikato.ac.nz	PROPN
ajfa-1243	1	73	stuart	stuart	PROPN
ajfa-1243	1	74	locke	locke	PROPN
ajfa-1243	1	75	and	and	CCONJ
ajfa-1243	1	76	frank	frank	PROPN
ajfa-1243	1	77	scrimgeour	scrimgeour	PROPN
ajfa-1243	1	78	university	university	PROPN
ajfa-1243	1	79	of	of	ADP
ajfa-1243	1	80	waikato	waikato	PROPN
ajfa-1243	1	81	,	,	PUNCT
ajfa-1243	1	82	hamilton	hamilton	PROPN
ajfa-1243	1	83	,	,	PUNCT
ajfa-1243	1	84	new	new	PROPN
ajfa-1243	1	85	zealand	zealand	PROPN
ajfa-1243	1	86	received	receive	VERB
ajfa-1243	1	87	:	:	PUNCT
ajfa-1243	1	88	january	january	PROPN
ajfa-1243	1	89	5	5	NUM
ajfa-1243	1	90	,	,	PUNCT
ajfa-1243	1	91	2012	2012	NUM
ajfa-1243	1	92	accepted	accept	VERB
ajfa-1243	1	93	:	:	PUNCT
ajfa-1243	1	94	january	january	PROPN
ajfa-1243	1	95	26	26	NUM
ajfa-1243	1	96	,	,	PUNCT
ajfa-1243	1	97	2012	2012	NUM
ajfa-1243	1	98	published	publish	VERB
ajfa-1243	1	99	:	:	PUNCT
ajfa-1243	1	100	june	june	PROPN
ajfa-1243	1	101	1	1	NUM
ajfa-1243	1	102	,	,	PUNCT
ajfa-1243	1	103	2012	2012	NUM
ajfa-1243	1	104	doi:10.5296	doi:10.5296	NOUN
ajfa-1243	1	105	/	/	SYM
ajfa-1243	1	106	ajfa.v4i1.1243	ajfa.v4i1.1243	NUM
ajfa-1243	1	107	url	url	PROPN
ajfa-1243	1	108	:	:	PUNCT
ajfa-1243	1	109	http://dx.doi.org/10.5296/ajfa.v4i1.1243	http://dx.doi.org/10.5296/ajfa.v4i1.1243	PROPN
ajfa-1243	1	110	abstract	abstract	ADJ
ajfa-1243	1	111	this	this	DET
ajfa-1243	1	112	study	study	NOUN
ajfa-1243	1	113	investigates	investigate	VERB
ajfa-1243	1	114	the	the	DET
ajfa-1243	1	115	link	link	NOUN
ajfa-1243	1	116	between	between	ADP
ajfa-1243	1	117	ethnic	ethnic	ADJ
ajfa-1243	1	118	minority	minority	NOUN
ajfa-1243	1	119	directors	director	NOUN
ajfa-1243	1	120	and	and	CCONJ
ajfa-1243	1	121	agency	agency	NOUN
ajfa-1243	1	122	conflict	conflict	NOUN
ajfa-1243	1	123	in	in	ADP
ajfa-1243	1	124	sri	sri	PROPN
ajfa-1243	1	125	lankan	lankan	PROPN
ajfa-1243	1	126	listed	list	VERB
ajfa-1243	1	127	companies	company	NOUN
ajfa-1243	1	128	during	during	ADP
ajfa-1243	1	129	a	a	DET
ajfa-1243	1	130	global	global	ADJ
ajfa-1243	1	131	financial	financial	ADJ
ajfa-1243	1	132	crisis	crisis	NOUN
ajfa-1243	1	133	.	.	PUNCT
ajfa-1243	2	1	due	due	ADP
ajfa-1243	2	2	to	to	ADP
ajfa-1243	2	3	social	social	ADJ
ajfa-1243	2	4	and	and	CCONJ
ajfa-1243	2	5	economic	economic	ADJ
ajfa-1243	2	6	pressures	pressure	NOUN
ajfa-1243	2	7	in	in	ADP
ajfa-1243	2	8	recent	recent	ADJ
ajfa-1243	2	9	decades	decade	NOUN
ajfa-1243	2	10	,	,	PUNCT
ajfa-1243	2	11	ethnic	ethnic	ADJ
ajfa-1243	2	12	minorities	minority	NOUN
ajfa-1243	2	13	now	now	ADV
ajfa-1243	2	14	make	make	VERB
ajfa-1243	2	15	up	up	ADP
ajfa-1243	2	16	a	a	DET
ajfa-1243	2	17	larger	large	ADJ
ajfa-1243	2	18	proportion	proportion	NOUN
ajfa-1243	2	19	of	of	ADP
ajfa-1243	2	20	directors	director	NOUN
ajfa-1243	2	21	on	on	ADP
ajfa-1243	2	22	corporate	corporate	ADJ
ajfa-1243	2	23	boards	board	NOUN
ajfa-1243	2	24	in	in	ADP
ajfa-1243	2	25	sri	sri	PROPN
ajfa-1243	2	26	lanka	lanka	PROPN
ajfa-1243	2	27	.	.	PUNCT
ajfa-1243	3	1	in	in	ADP
ajfa-1243	3	2	addition	addition	NOUN
ajfa-1243	3	3	,	,	PUNCT
ajfa-1243	3	4	the	the	DET
ajfa-1243	3	5	global	global	ADJ
ajfa-1243	3	6	financial	financial	ADJ
ajfa-1243	3	7	crisis	crisis	NOUN
ajfa-1243	3	8	has	have	AUX
ajfa-1243	3	9	increased	increase	VERB
ajfa-1243	3	10	demand	demand	NOUN
ajfa-1243	3	11	for	for	ADP
ajfa-1243	3	12	boards	board	NOUN
ajfa-1243	3	13	to	to	PART
ajfa-1243	3	14	strengthen	strengthen	VERB
ajfa-1243	3	15	their	their	PRON
ajfa-1243	3	16	ethnic	ethnic	ADJ
ajfa-1243	3	17	diversity	diversity	NOUN
ajfa-1243	3	18	in	in	ADP
ajfa-1243	3	19	workplaces	workplace	NOUN
ajfa-1243	3	20	.	.	PUNCT
ajfa-1243	4	1	this	this	DET
ajfa-1243	4	2	study	study	NOUN
ajfa-1243	4	3	shows	show	VERB
ajfa-1243	4	4	that	that	SCONJ
ajfa-1243	4	5	while	while	SCONJ
ajfa-1243	4	6	sri	sri	ADJ
ajfa-1243	4	7	lankan	lankan	PROPN
ajfa-1243	4	8	boards	board	NOUN
ajfa-1243	4	9	increased	increase	VERB
ajfa-1243	4	10	the	the	DET
ajfa-1243	4	11	number	number	NOUN
ajfa-1243	4	12	of	of	ADP
ajfa-1243	4	13	ethnic	ethnic	ADJ
ajfa-1243	4	14	minority	minority	NOUN
ajfa-1243	4	15	directors	director	NOUN
ajfa-1243	4	16	during	during	ADP
ajfa-1243	4	17	the	the	DET
ajfa-1243	4	18	global	global	ADJ
ajfa-1243	4	19	financial	financial	ADJ
ajfa-1243	4	20	crisis	crisis	NOUN
ajfa-1243	4	21	,	,	PUNCT
ajfa-1243	4	22	heterogeneous	heterogeneous	ADJ
ajfa-1243	4	23	boards	board	NOUN
ajfa-1243	4	24	increased	increase	VERB
ajfa-1243	4	25	company	company	NOUN
ajfa-1243	4	26	agency	agency	NOUN
ajfa-1243	4	27	costs	cost	NOUN
ajfa-1243	4	28	.	.	PUNCT
ajfa-1243	5	1	this	this	DET
ajfa-1243	5	2	evidence	evidence	NOUN
ajfa-1243	5	3	provides	provide	VERB
ajfa-1243	5	4	insights	insight	NOUN
ajfa-1243	5	5	for	for	ADP
ajfa-1243	5	6	governments	government	NOUN
ajfa-1243	5	7	and	and	CCONJ
ajfa-1243	5	8	policy	policy	NOUN
ajfa-1243	5	9	makers	maker	NOUN
ajfa-1243	5	10	as	as	SCONJ
ajfa-1243	5	11	they	they	PRON
ajfa-1243	5	12	consider	consider	VERB
ajfa-1243	5	13	board	board	NOUN
ajfa-1243	5	14	ethnic	ethnic	ADJ
ajfa-1243	5	15	diversification	diversification	NOUN
ajfa-1243	5	16	in	in	ADP
ajfa-1243	5	17	an	an	DET
ajfa-1243	5	18	emerging	emerge	VERB
ajfa-1243	5	19	and	and	CCONJ
ajfa-1243	5	20	highly	highly	ADV
ajfa-1243	5	21	uncertain	uncertain	ADJ
ajfa-1243	5	22	environment	environment	NOUN
ajfa-1243	5	23	.	.	PUNCT
ajfa-1243	6	1	keywords	keyword	NOUN
ajfa-1243	6	2	:	:	PUNCT
ajfa-1243	6	3	ethnic	ethnic	ADJ
ajfa-1243	6	4	minority	minority	NOUN
ajfa-1243	6	5	directors	director	NOUN
ajfa-1243	6	6	,	,	PUNCT
ajfa-1243	6	7	board	board	NOUN
ajfa-1243	6	8	structure	structure	NOUN
ajfa-1243	6	9	,	,	PUNCT
ajfa-1243	6	10	agency	agency	NOUN
ajfa-1243	6	11	costs	cost	NOUN
ajfa-1243	6	12	,	,	PUNCT
ajfa-1243	6	13	sri	sri	PROPN
ajfa-1243	6	14	lanka	lanka	PROPN
ajfa-1243	6	15	jel	jel	PROPN
ajfa-1243	6	16	classification	classification	PROPN
ajfa-1243	6	17	:	:	PUNCT
ajfa-1243	6	18	g34	g34	PROPN
ajfa-1243	6	19	asian	asian	PROPN
ajfa-1243	6	20	journal	journal	PROPN
ajfa-1243	6	21	of	of	ADP
ajfa-1243	6	22	finance	finance	PROPN
ajfa-1243	6	23	&	&	CCONJ
ajfa-1243	6	24	accounting	accounting	PROPN
ajfa-1243	6	25	issn	issn	PROPN
ajfa-1243	6	26	1946	1946	NUM
ajfa-1243	6	27	-	-	PUNCT
ajfa-1243	6	28	052x	052x	NOUN
ajfa-1243	6	29	2012	2012	NUM
ajfa-1243	6	30	,	,	PUNCT
ajfa-1243	6	31	vol	vol	NOUN
ajfa-1243	6	32	.	.	PROPN
ajfa-1243	6	33	4	4	NUM
ajfa-1243	6	34	,	,	PUNCT
ajfa-1243	6	35	no	no	INTJ
ajfa-1243	6	36	.	.	NOUN
ajfa-1243	6	37	1	1	NUM
ajfa-1243	6	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	6	39	53	53	NUM
ajfa-1243	6	40	1	1	NUM
ajfa-1243	6	41	.	.	PUNCT
ajfa-1243	7	1	introduction	introduction	NOUN
ajfa-1243	7	2	the	the	DET
ajfa-1243	7	3	large	large	ADJ
ajfa-1243	7	4	corporate	corporate	ADJ
ajfa-1243	7	5	failures	failure	NOUN
ajfa-1243	7	6	that	that	PRON
ajfa-1243	7	7	occurred	occur	VERB
ajfa-1243	7	8	at	at	ADP
ajfa-1243	7	9	the	the	DET
ajfa-1243	7	10	beginning	beginning	NOUN
ajfa-1243	7	11	of	of	ADP
ajfa-1243	7	12	the	the	DET
ajfa-1243	7	13	21st	21st	ADJ
ajfa-1243	7	14	century	century	NOUN
ajfa-1243	7	15	may	may	AUX
ajfa-1243	7	16	have	have	VERB
ajfa-1243	7	17	damaged	damage	VERB
ajfa-1243	7	18	confidence	confidence	NOUN
ajfa-1243	7	19	in	in	ADP
ajfa-1243	7	20	many	many	ADJ
ajfa-1243	7	21	economies	economy	NOUN
ajfa-1243	7	22	.	.	PUNCT
ajfa-1243	8	1	fraud	fraud	NOUN
ajfa-1243	8	2	and	and	CCONJ
ajfa-1243	8	3	bribery	bribery	NOUN
ajfa-1243	8	4	were	be	AUX
ajfa-1243	8	5	seen	see	VERB
ajfa-1243	8	6	as	as	ADP
ajfa-1243	8	7	contributing	contribute	VERB
ajfa-1243	8	8	to	to	ADP
ajfa-1243	8	9	company	company	NOUN
ajfa-1243	8	10	collapses	collapse	NOUN
ajfa-1243	8	11	.	.	PUNCT
ajfa-1243	9	1	europe	europe	PROPN
ajfa-1243	9	2	was	be	AUX
ajfa-1243	9	3	significantly	significantly	ADV
ajfa-1243	9	4	impacted	impact	VERB
ajfa-1243	9	5	by	by	ADP
ajfa-1243	9	6	the	the	DET
ajfa-1243	9	7	global	global	ADJ
ajfa-1243	9	8	financial	financial	ADJ
ajfa-1243	9	9	crisis	crisis	NOUN
ajfa-1243	9	10	in	in	ADP
ajfa-1243	9	11	2007	2007	NUM
ajfa-1243	9	12	.	.	PUNCT
ajfa-1243	10	1	it	it	PRON
ajfa-1243	10	2	affected	affect	VERB
ajfa-1243	10	3	the	the	DET
ajfa-1243	10	4	asian	asian	ADJ
ajfa-1243	10	5	region	region	NOUN
ajfa-1243	10	6	in	in	ADP
ajfa-1243	10	7	late	late	ADJ
ajfa-1243	10	8	2008	2008	NUM
ajfa-1243	10	9	and	and	CCONJ
ajfa-1243	10	10	led	lead	VERB
ajfa-1243	10	11	to	to	ADP
ajfa-1243	10	12	the	the	DET
ajfa-1243	10	13	realisation	realisation	NOUN
ajfa-1243	10	14	that	that	SCONJ
ajfa-1243	10	15	if	if	SCONJ
ajfa-1243	10	16	boards	board	NOUN
ajfa-1243	10	17	wanted	want	VERB
ajfa-1243	10	18	to	to	PART
ajfa-1243	10	19	improve	improve	VERB
ajfa-1243	10	20	their	their	PRON
ajfa-1243	10	21	corporate	corporate	ADJ
ajfa-1243	10	22	governance	governance	NOUN
ajfa-1243	10	23	practices	practice	NOUN
ajfa-1243	10	24	they	they	PRON
ajfa-1243	10	25	needed	need	VERB
ajfa-1243	10	26	to	to	PART
ajfa-1243	10	27	diversify	diversify	VERB
ajfa-1243	10	28	their	their	PRON
ajfa-1243	10	29	composition	composition	NOUN
ajfa-1243	10	30	.	.	PUNCT
ajfa-1243	11	1	as	as	ADP
ajfa-1243	11	2	a	a	DET
ajfa-1243	11	3	result	result	NOUN
ajfa-1243	11	4	,	,	PUNCT
ajfa-1243	11	5	corporate	corporate	ADJ
ajfa-1243	11	6	board	board	NOUN
ajfa-1243	11	7	structure	structure	NOUN
ajfa-1243	11	8	has	have	AUX
ajfa-1243	11	9	been	be	AUX
ajfa-1243	11	10	debated	debate	VERB
ajfa-1243	11	11	extensively	extensively	ADV
ajfa-1243	11	12	and	and	CCONJ
ajfa-1243	11	13	subsequently	subsequently	ADV
ajfa-1243	11	14	improved	improve	VERB
ajfa-1243	11	15	in	in	ADP
ajfa-1243	11	16	several	several	ADJ
ajfa-1243	11	17	countries	country	NOUN
ajfa-1243	11	18	.	.	PUNCT
ajfa-1243	12	1	legislation	legislation	NOUN
ajfa-1243	12	2	includes	include	VERB
ajfa-1243	12	3	the	the	DET
ajfa-1243	12	4	higgs	higgs	PROPN
ajfa-1243	12	5	review	review	PROPN
ajfa-1243	12	6	(	(	PUNCT
ajfa-1243	12	7	2003	2003	NUM
ajfa-1243	12	8	)	)	PUNCT
ajfa-1243	12	9	,	,	PUNCT
ajfa-1243	12	10	and	and	CCONJ
ajfa-1243	12	11	corporate	corporate	ADJ
ajfa-1243	12	12	governance	governance	NOUN
ajfa-1243	12	13	best	good	ADJ
ajfa-1243	12	14	practice	practice	NOUN
ajfa-1243	12	15	in	in	ADP
ajfa-1243	12	16	sri	sri	PROPN
ajfa-1243	12	17	lanka	lanka	PROPN
ajfa-1243	12	18	(	(	PUNCT
ajfa-1243	12	19	2008	2008	NUM
ajfa-1243	12	20	)	)	PUNCT
ajfa-1243	12	21	which	which	PRON
ajfa-1243	12	22	recommended	recommend	VERB
ajfa-1243	12	23	more	more	ADJ
ajfa-1243	12	24	recruitment	recruitment	NOUN
ajfa-1243	12	25	of	of	ADP
ajfa-1243	12	26	non	non	ADJ
ajfa-1243	12	27	-	-	ADJ
ajfa-1243	12	28	executive	executive	ADJ
ajfa-1243	12	29	directors	director	NOUN
ajfa-1243	12	30	from	from	ADP
ajfa-1243	12	31	diverse	diverse	ADJ
ajfa-1243	12	32	backgrounds	background	NOUN
ajfa-1243	12	33	,	,	PUNCT
ajfa-1243	12	34	including	include	VERB
ajfa-1243	12	35	ethnic	ethnic	ADJ
ajfa-1243	12	36	minorities	minority	NOUN
ajfa-1243	12	37	,	,	PUNCT
ajfa-1243	12	38	to	to	PART
ajfa-1243	12	39	maintain	maintain	VERB
ajfa-1243	12	40	board	board	NOUN
ajfa-1243	12	41	independence	independence	NOUN
ajfa-1243	12	42	.	.	PUNCT
ajfa-1243	13	1	according	accord	VERB
ajfa-1243	13	2	to	to	ADP
ajfa-1243	13	3	mattis	mattis	PROPN
ajfa-1243	13	4	(	(	PUNCT
ajfa-1243	13	5	2000	2000	NUM
ajfa-1243	13	6	)	)	PUNCT
ajfa-1243	13	7	,	,	PUNCT
ajfa-1243	13	8	boards	board	NOUN
ajfa-1243	13	9	need	need	VERB
ajfa-1243	13	10	to	to	PART
ajfa-1243	13	11	represent	represent	VERB
ajfa-1243	13	12	the	the	DET
ajfa-1243	13	13	diversity	diversity	NOUN
ajfa-1243	13	14	of	of	ADP
ajfa-1243	13	15	the	the	DET
ajfa-1243	13	16	firm	firm	NOUN
ajfa-1243	13	17	’s	’s	PART
ajfa-1243	13	18	customer	customer	NOUN
ajfa-1243	13	19	base	base	NOUN
ajfa-1243	13	20	and	and	CCONJ
ajfa-1243	13	21	labour	labour	ADJ
ajfa-1243	13	22	force	force	NOUN
ajfa-1243	13	23	.	.	PUNCT
ajfa-1243	14	1	if	if	SCONJ
ajfa-1243	14	2	a	a	DET
ajfa-1243	14	3	board	board	NOUN
ajfa-1243	14	4	discriminates	discriminate	VERB
ajfa-1243	14	5	against	against	ADP
ajfa-1243	14	6	a	a	DET
ajfa-1243	14	7	specific	specific	ADJ
ajfa-1243	14	8	group	group	NOUN
ajfa-1243	14	9	,	,	PUNCT
ajfa-1243	14	10	especially	especially	ADV
ajfa-1243	14	11	ethnic	ethnic	ADJ
ajfa-1243	14	12	minorities	minority	NOUN
ajfa-1243	14	13	,	,	PUNCT
ajfa-1243	14	14	this	this	PRON
ajfa-1243	14	15	implies	imply	VERB
ajfa-1243	14	16	arbitrage	arbitrage	NOUN
ajfa-1243	14	17	possibility	possibility	NOUN
ajfa-1243	14	18	,	,	PUNCT
ajfa-1243	14	19	because	because	SCONJ
ajfa-1243	14	20	underutilised	underutilised	ADJ
ajfa-1243	14	21	valuable	valuable	ADJ
ajfa-1243	14	22	human	human	ADJ
ajfa-1243	14	23	capital	capital	NOUN
ajfa-1243	14	24	(	(	PUNCT
ajfa-1243	14	25	gregoric	gregoric	PROPN
ajfa-1243	14	26	et	et	PROPN
ajfa-1243	14	27	al	al	PROPN
ajfa-1243	14	28	.	.	PROPN
ajfa-1243	14	29	,	,	PUNCT
ajfa-1243	14	30	2009	2009	NUM
ajfa-1243	14	31	)	)	PUNCT
ajfa-1243	14	32	.	.	PUNCT
ajfa-1243	15	1	therefore	therefore	ADV
ajfa-1243	15	2	,	,	PUNCT
ajfa-1243	15	3	a	a	DET
ajfa-1243	15	4	well	well	ADV
ajfa-1243	15	5	-	-	PUNCT
ajfa-1243	15	6	diversified	diversify	VERB
ajfa-1243	15	7	board	board	NOUN
ajfa-1243	15	8	with	with	ADP
ajfa-1243	15	9	many	many	ADJ
ajfa-1243	15	10	ethnic	ethnic	ADJ
ajfa-1243	15	11	minority	minority	NOUN
ajfa-1243	15	12	directors	director	NOUN
ajfa-1243	15	13	can	can	AUX
ajfa-1243	15	14	be	be	AUX
ajfa-1243	15	15	instrumental	instrumental	ADJ
ajfa-1243	15	16	for	for	ADP
ajfa-1243	15	17	company	company	NOUN
ajfa-1243	15	18	success	success	NOUN
ajfa-1243	15	19	in	in	ADP
ajfa-1243	15	20	financial	financial	ADJ
ajfa-1243	15	21	hard	hard	ADJ
ajfa-1243	15	22	times	time	NOUN
ajfa-1243	15	23	,	,	PUNCT
ajfa-1243	15	24	especially	especially	ADV
ajfa-1243	15	25	in	in	ADP
ajfa-1243	15	26	a	a	DET
ajfa-1243	15	27	global	global	ADJ
ajfa-1243	15	28	financial	financial	ADJ
ajfa-1243	15	29	crisis	crisis	NOUN
ajfa-1243	15	30	.	.	PUNCT
ajfa-1243	16	1	the	the	DET
ajfa-1243	16	2	global	global	ADJ
ajfa-1243	16	3	financial	financial	ADJ
ajfa-1243	16	4	crisis	crisis	NOUN
ajfa-1243	16	5	has	have	AUX
ajfa-1243	16	6	increased	increase	VERB
ajfa-1243	16	7	demand	demand	NOUN
ajfa-1243	16	8	to	to	PART
ajfa-1243	16	9	strengthen	strengthen	VERB
ajfa-1243	16	10	board	board	NOUN
ajfa-1243	16	11	ethnic	ethnic	ADJ
ajfa-1243	16	12	diversity	diversity	NOUN
ajfa-1243	16	13	in	in	ADP
ajfa-1243	16	14	the	the	DET
ajfa-1243	16	15	workplace	workplace	NOUN
ajfa-1243	16	16	,	,	PUNCT
ajfa-1243	16	17	because	because	SCONJ
ajfa-1243	16	18	during	during	ADP
ajfa-1243	16	19	the	the	DET
ajfa-1243	16	20	hard	hard	ADJ
ajfa-1243	16	21	times	times	PROPN
ajfa-1243	16	22	company	company	NOUN
ajfa-1243	16	23	willingness	willingness	NOUN
ajfa-1243	16	24	to	to	PART
ajfa-1243	16	25	follow	follow	VERB
ajfa-1243	16	26	business	business	NOUN
ajfa-1243	16	27	ethics	ethic	NOUN
ajfa-1243	16	28	which	which	PRON
ajfa-1243	16	29	are	be	AUX
ajfa-1243	16	30	watching	watch	VERB
ajfa-1243	16	31	by	by	ADP
ajfa-1243	16	32	stakeholders	stakeholder	NOUN
ajfa-1243	16	33	due	due	ADP
ajfa-1243	16	34	to	to	ADP
ajfa-1243	16	35	less	less	ADJ
ajfa-1243	16	36	incline	incline	NOUN
ajfa-1243	16	37	to	to	PART
ajfa-1243	16	38	commit	commit	VERB
ajfa-1243	16	39	misconduct	misconduct	NOUN
ajfa-1243	16	40	.	.	PUNCT
ajfa-1243	17	1	the	the	DET
ajfa-1243	17	2	influence	influence	NOUN
ajfa-1243	17	3	of	of	ADP
ajfa-1243	17	4	different	different	ADJ
ajfa-1243	17	5	viewpoints	viewpoint	NOUN
ajfa-1243	17	6	of	of	ADP
ajfa-1243	17	7	diversified	diversify	VERB
ajfa-1243	17	8	directors	director	NOUN
ajfa-1243	17	9	can	can	AUX
ajfa-1243	17	10	improve	improve	VERB
ajfa-1243	17	11	firm	firm	ADJ
ajfa-1243	17	12	creativity	creativity	NOUN
ajfa-1243	17	13	,	,	PUNCT
ajfa-1243	17	14	especially	especially	ADV
ajfa-1243	17	15	in	in	ADP
ajfa-1243	17	16	a	a	DET
ajfa-1243	17	17	complex	complex	ADJ
ajfa-1243	17	18	and	and	CCONJ
ajfa-1243	17	19	competitive	competitive	ADJ
ajfa-1243	17	20	environment	environment	NOUN
ajfa-1243	17	21	(	(	PUNCT
ajfa-1243	17	22	macfarlane	macfarlane	NOUN
ajfa-1243	17	23	et	et	PROPN
ajfa-1243	17	24	al	al	PROPN
ajfa-1243	17	25	.	.	PROPN
ajfa-1243	17	26	,	,	PUNCT
ajfa-1243	17	27	2010	2010	NUM
ajfa-1243	17	28	)	)	PUNCT
ajfa-1243	17	29	.	.	PUNCT
ajfa-1243	18	1	however	however	ADV
ajfa-1243	18	2	,	,	PUNCT
ajfa-1243	18	3	hill	hill	PROPN
ajfa-1243	18	4	(	(	PUNCT
ajfa-1243	18	5	2004	2004	NUM
ajfa-1243	18	6	)	)	PUNCT
ajfa-1243	18	7	says	say	VERB
ajfa-1243	18	8	due	due	ADP
ajfa-1243	18	9	to	to	ADP
ajfa-1243	18	10	the	the	DET
ajfa-1243	18	11	global	global	ADJ
ajfa-1243	18	12	financial	financial	ADJ
ajfa-1243	18	13	crisis	crisis	NOUN
ajfa-1243	18	14	and	and	CCONJ
ajfa-1243	18	15	lack	lack	NOUN
ajfa-1243	18	16	of	of	ADP
ajfa-1243	18	17	financial	financial	ADJ
ajfa-1243	18	18	resources	resource	NOUN
ajfa-1243	18	19	,	,	PUNCT
ajfa-1243	18	20	few	few	ADJ
ajfa-1243	18	21	women	woman	NOUN
ajfa-1243	18	22	and	and	CCONJ
ajfa-1243	18	23	minority	minority	NOUN
ajfa-1243	18	24	ethnicities	ethnicity	NOUN
ajfa-1243	18	25	are	be	AUX
ajfa-1243	18	26	recruited	recruit	VERB
ajfa-1243	18	27	to	to	ADP
ajfa-1243	18	28	boards	board	NOUN
ajfa-1243	18	29	across	across	ADP
ajfa-1243	18	30	all	all	DET
ajfa-1243	18	31	industries	industry	NOUN
ajfa-1243	18	32	.	.	PUNCT
ajfa-1243	19	1	in	in	ADP
ajfa-1243	19	2	addition	addition	NOUN
ajfa-1243	19	3	,	,	PUNCT
ajfa-1243	19	4	there	there	PRON
ajfa-1243	19	5	is	be	VERB
ajfa-1243	19	6	a	a	DET
ajfa-1243	19	7	high	high	ADJ
ajfa-1243	19	8	financial	financial	ADJ
ajfa-1243	19	9	cost	cost	NOUN
ajfa-1243	19	10	involved	involve	VERB
ajfa-1243	19	11	in	in	ADP
ajfa-1243	19	12	recruiting	recruit	VERB
ajfa-1243	19	13	,	,	PUNCT
ajfa-1243	19	14	co	co	ADJ
ajfa-1243	19	15	-	-	NOUN
ajfa-1243	19	16	ordinating	ordinating	ADJ
ajfa-1243	19	17	and	and	CCONJ
ajfa-1243	19	18	accommodating	accommodate	VERB
ajfa-1243	19	19	diversified	diversified	ADJ
ajfa-1243	19	20	employees	employee	NOUN
ajfa-1243	19	21	and	and	CCONJ
ajfa-1243	19	22	boards	board	NOUN
ajfa-1243	19	23	(	(	PUNCT
ajfa-1243	19	24	hambrick	hambrick	VERB
ajfa-1243	19	25	et	et	PROPN
ajfa-1243	19	26	al	al	PROPN
ajfa-1243	19	27	.	.	PROPN
ajfa-1243	19	28	,	,	PUNCT
ajfa-1243	19	29	1996	1996	NUM
ajfa-1243	19	30	)	)	PUNCT
ajfa-1243	19	31	.	.	PUNCT
ajfa-1243	20	1	this	this	PRON
ajfa-1243	20	2	may	may	AUX
ajfa-1243	20	3	be	be	AUX
ajfa-1243	20	4	another	another	DET
ajfa-1243	20	5	reason	reason	NOUN
ajfa-1243	20	6	for	for	ADP
ajfa-1243	20	7	less	less	ADJ
ajfa-1243	20	8	board	board	NOUN
ajfa-1243	20	9	ethnic	ethnic	ADJ
ajfa-1243	20	10	minority	minority	NOUN
ajfa-1243	20	11	recruitment	recruitment	NOUN
ajfa-1243	20	12	in	in	ADP
ajfa-1243	20	13	a	a	DET
ajfa-1243	20	14	global	global	ADJ
ajfa-1243	20	15	financial	financial	ADJ
ajfa-1243	20	16	crisis	crisis	NOUN
ajfa-1243	20	17	.	.	PUNCT
ajfa-1243	21	1	ethnic	ethnic	ADJ
ajfa-1243	21	2	minorities	minority	NOUN
ajfa-1243	21	3	were	be	AUX
ajfa-1243	21	4	underrepresented	underrepresente	VERB
ajfa-1243	21	5	on	on	ADP
ajfa-1243	21	6	corporate	corporate	ADJ
ajfa-1243	21	7	boards	board	NOUN
ajfa-1243	21	8	in	in	ADP
ajfa-1243	21	9	early	early	ADJ
ajfa-1243	21	10	years	year	NOUN
ajfa-1243	21	11	,	,	PUNCT
ajfa-1243	21	12	but	but	CCONJ
ajfa-1243	21	13	that	that	PRON
ajfa-1243	21	14	began	begin	VERB
ajfa-1243	21	15	to	to	PART
ajfa-1243	21	16	change	change	VERB
ajfa-1243	21	17	in	in	ADP
ajfa-1243	21	18	the	the	DET
ajfa-1243	21	19	late	late	ADJ
ajfa-1243	21	20	1990s	1990	NOUN
ajfa-1243	21	21	(	(	PUNCT
ajfa-1243	21	22	farrell	farrell	PROPN
ajfa-1243	21	23	&	&	CCONJ
ajfa-1243	21	24	hersch	hersch	PROPN
ajfa-1243	21	25	,	,	PUNCT
ajfa-1243	21	26	2005	2005	NUM
ajfa-1243	21	27	)	)	PUNCT
ajfa-1243	21	28	.	.	PUNCT
ajfa-1243	22	1	however	however	ADV
ajfa-1243	22	2	,	,	PUNCT
ajfa-1243	22	3	that	that	DET
ajfa-1243	22	4	change	change	NOUN
ajfa-1243	22	5	has	have	AUX
ajfa-1243	22	6	been	be	AUX
ajfa-1243	22	7	slow	slow	ADJ
ajfa-1243	22	8	.	.	PUNCT
ajfa-1243	23	1	brammer	brammer	NOUN
ajfa-1243	23	2	et	et	PROPN
ajfa-1243	23	3	al	al	PROPN
ajfa-1243	23	4	.	.	PROPN
ajfa-1243	24	1	(	(	PUNCT
ajfa-1243	24	2	2007	2007	NUM
ajfa-1243	24	3	)	)	PUNCT
ajfa-1243	24	4	show	show	NOUN
ajfa-1243	24	5	from	from	ADP
ajfa-1243	24	6	their	their	PRON
ajfa-1243	24	7	463	463	NUM
ajfa-1243	24	8	study	study	NOUN
ajfa-1243	24	9	sample	sample	NOUN
ajfa-1243	24	10	of	of	ADP
ajfa-1243	24	11	uk	uk	PROPN
ajfa-1243	24	12	listed	list	VERB
ajfa-1243	24	13	firms	firm	NOUN
ajfa-1243	24	14	,	,	PUNCT
ajfa-1243	24	15	only	only	ADV
ajfa-1243	24	16	0.2	0.2	NUM
ajfa-1243	24	17	%	%	NOUN
ajfa-1243	24	18	have	have	VERB
ajfa-1243	24	19	non	non	ADJ
ajfa-1243	24	20	-	-	ADJ
ajfa-1243	24	21	white	white	ADJ
ajfa-1243	24	22	board	board	NOUN
ajfa-1243	24	23	directors	director	NOUN
ajfa-1243	24	24	.	.	PUNCT
ajfa-1243	25	1	homogenous	homogenous	ADJ
ajfa-1243	25	2	board	board	NOUN
ajfa-1243	25	3	“	"	PUNCT
ajfa-1243	25	4	group	group	NOUN
ajfa-1243	25	5	thinking	thinking	NOUN
ajfa-1243	25	6	”	"	PUNCT
ajfa-1243	25	7	can	can	AUX
ajfa-1243	25	8	be	be	AUX
ajfa-1243	25	9	harmful	harmful	ADJ
ajfa-1243	25	10	,	,	PUNCT
ajfa-1243	25	11	especially	especially	ADV
ajfa-1243	25	12	in	in	ADP
ajfa-1243	25	13	a	a	DET
ajfa-1243	25	14	global	global	ADJ
ajfa-1243	25	15	financial	financial	ADJ
ajfa-1243	25	16	crisis	crisis	NOUN
ajfa-1243	25	17	,	,	PUNCT
ajfa-1243	25	18	because	because	SCONJ
ajfa-1243	25	19	board	board	NOUN
ajfa-1243	25	20	members	member	NOUN
ajfa-1243	25	21	thinking	think	VERB
ajfa-1243	25	22	patterns	pattern	NOUN
ajfa-1243	25	23	are	be	AUX
ajfa-1243	25	24	too	too	ADV
ajfa-1243	25	25	similar	similar	ADJ
ajfa-1243	25	26	in	in	ADP
ajfa-1243	25	27	decision	decision	NOUN
ajfa-1243	25	28	-	-	PUNCT
ajfa-1243	25	29	making	make	VERB
ajfa-1243	25	30	processes	process	NOUN
ajfa-1243	25	31	(	(	PUNCT
ajfa-1243	25	32	“	"	PUNCT
ajfa-1243	25	33	corporate	corporate	ADJ
ajfa-1243	25	34	governance	governance	NOUN
ajfa-1243	25	35	”	"	PUNCT
ajfa-1243	25	36	,	,	PUNCT
ajfa-1243	25	37	2011	2011	NUM
ajfa-1243	25	38	)	)	PUNCT
ajfa-1243	25	39	.	.	PUNCT
ajfa-1243	26	1	therefore	therefore	ADV
ajfa-1243	26	2	,	,	PUNCT
ajfa-1243	26	3	corporate	corporate	ADJ
ajfa-1243	26	4	boards	board	NOUN
ajfa-1243	26	5	need	need	VERB
ajfa-1243	26	6	to	to	PART
ajfa-1243	26	7	be	be	AUX
ajfa-1243	26	8	more	more	ADV
ajfa-1243	26	9	diversified	diversified	ADJ
ajfa-1243	26	10	to	to	PART
ajfa-1243	26	11	provide	provide	VERB
ajfa-1243	26	12	greater	great	ADJ
ajfa-1243	26	13	knowledge	knowledge	NOUN
ajfa-1243	26	14	,	,	PUNCT
ajfa-1243	26	15	creativity	creativity	NOUN
ajfa-1243	26	16	and	and	CCONJ
ajfa-1243	26	17	competitive	competitive	ADJ
ajfa-1243	26	18	edge	edge	NOUN
ajfa-1243	26	19	to	to	ADP
ajfa-1243	26	20	a	a	DET
ajfa-1243	26	21	company	company	NOUN
ajfa-1243	26	22	.	.	PUNCT
ajfa-1243	27	1	the	the	DET
ajfa-1243	27	2	competitive	competitive	ADJ
ajfa-1243	27	3	global	global	ADJ
ajfa-1243	27	4	market	market	NOUN
ajfa-1243	27	5	provides	provide	VERB
ajfa-1243	27	6	a	a	DET
ajfa-1243	27	7	compelling	compelling	ADJ
ajfa-1243	27	8	business	business	NOUN
ajfa-1243	27	9	argument	argument	NOUN
ajfa-1243	27	10	for	for	ADP
ajfa-1243	27	11	more	more	ADV
ajfa-1243	27	12	diverse	diverse	ADJ
ajfa-1243	27	13	boards	board	NOUN
ajfa-1243	27	14	with	with	ADP
ajfa-1243	27	15	minority	minority	NOUN
ajfa-1243	27	16	directors	director	NOUN
ajfa-1243	27	17	.	.	PUNCT
ajfa-1243	28	1	if	if	SCONJ
ajfa-1243	28	2	the	the	DET
ajfa-1243	28	3	homogeneity	homogeneity	NOUN
ajfa-1243	28	4	of	of	ADP
ajfa-1243	28	5	corporate	corporate	ADJ
ajfa-1243	28	6	boards	board	NOUN
ajfa-1243	28	7	raises	raise	VERB
ajfa-1243	28	8	significant	significant	ADJ
ajfa-1243	28	9	ethical	ethical	ADJ
ajfa-1243	28	10	,	,	PUNCT
ajfa-1243	28	11	economic	economic	ADJ
ajfa-1243	28	12	and	and	CCONJ
ajfa-1243	28	13	social	social	ADJ
ajfa-1243	28	14	issues	issue	NOUN
ajfa-1243	28	15	,	,	PUNCT
ajfa-1243	28	16	then	then	ADV
ajfa-1243	28	17	a	a	DET
ajfa-1243	28	18	more	more	ADV
ajfa-1243	28	19	diverse	diverse	ADJ
ajfa-1243	28	20	board	board	NOUN
ajfa-1243	28	21	with	with	ADP
ajfa-1243	28	22	increased	increase	VERB
ajfa-1243	28	23	ethnic	ethnic	ADJ
ajfa-1243	28	24	minority	minority	NOUN
ajfa-1243	28	25	representation	representation	NOUN
ajfa-1243	28	26	may	may	AUX
ajfa-1243	28	27	help	help	VERB
ajfa-1243	28	28	solve	solve	VERB
ajfa-1243	28	29	that	that	DET
ajfa-1243	28	30	situation	situation	NOUN
ajfa-1243	28	31	.	.	PUNCT
ajfa-1243	29	1	board	board	NOUN
ajfa-1243	29	2	internationalisation	internationalisation	NOUN
ajfa-1243	29	3	is	be	AUX
ajfa-1243	29	4	another	another	DET
ajfa-1243	29	5	reason	reason	NOUN
ajfa-1243	29	6	for	for	ADP
ajfa-1243	29	7	adding	add	VERB
ajfa-1243	29	8	more	more	ADJ
ajfa-1243	29	9	non	non	ADJ
ajfa-1243	29	10	-	-	ADJ
ajfa-1243	29	11	national	national	ADJ
ajfa-1243	29	12	directors	director	NOUN
ajfa-1243	29	13	(	(	PUNCT
ajfa-1243	29	14	minority	minority	NOUN
ajfa-1243	29	15	directors	director	NOUN
ajfa-1243	29	16	)	)	PUNCT
ajfa-1243	29	17	.	.	PUNCT
ajfa-1243	30	1	due	due	ADP
ajfa-1243	30	2	to	to	ADP
ajfa-1243	30	3	globalisation	globalisation	NOUN
ajfa-1243	30	4	,	,	PUNCT
ajfa-1243	30	5	in	in	ADP
ajfa-1243	30	6	2009	2009	NUM
ajfa-1243	30	7	european	european	ADJ
ajfa-1243	30	8	boards	board	NOUN
ajfa-1243	30	9	averaged	average	VERB
ajfa-1243	30	10	23	23	NUM
ajfa-1243	30	11	%	%	NOUN
ajfa-1243	30	12	non	non	ADJ
ajfa-1243	30	13	-	-	ADJ
ajfa-1243	30	14	national	national	ADJ
ajfa-1243	30	15	directors	director	NOUN
ajfa-1243	30	16	,	,	PUNCT
ajfa-1243	30	17	an	an	DET
ajfa-1243	30	18	increase	increase	NOUN
ajfa-1243	30	19	of	of	ADP
ajfa-1243	30	20	11	11	NUM
ajfa-1243	30	21	%	%	NOUN
ajfa-1243	30	22	since	since	SCONJ
ajfa-1243	30	23	2008	2008	NUM
ajfa-1243	30	24	(	(	PUNCT
ajfa-1243	30	25	“	"	PUNCT
ajfa-1243	30	26	boards	board	NOUN
ajfa-1243	30	27	in	in	ADP
ajfa-1243	30	28	turbulent	turbulent	ADJ
ajfa-1243	30	29	times	time	NOUN
ajfa-1243	30	30	”	"	PUNCT
ajfa-1243	30	31	,	,	PUNCT
ajfa-1243	30	32	2009	2009	NUM
ajfa-1243	30	33	)	)	PUNCT
ajfa-1243	30	34	.	.	PUNCT
ajfa-1243	31	1	asian	asian	ADJ
ajfa-1243	31	2	journal	journal	PROPN
ajfa-1243	31	3	of	of	ADP
ajfa-1243	31	4	finance	finance	PROPN
ajfa-1243	31	5	&	&	CCONJ
ajfa-1243	31	6	accounting	accounting	PROPN
ajfa-1243	31	7	issn	issn	PROPN
ajfa-1243	31	8	1946	1946	NUM
ajfa-1243	31	9	-	-	PUNCT
ajfa-1243	31	10	052x	052x	NOUN
ajfa-1243	31	11	2012	2012	NUM
ajfa-1243	31	12	,	,	PUNCT
ajfa-1243	31	13	vol	vol	NOUN
ajfa-1243	31	14	.	.	PROPN
ajfa-1243	31	15	4	4	NUM
ajfa-1243	31	16	,	,	PUNCT
ajfa-1243	31	17	no	no	INTJ
ajfa-1243	31	18	.	.	NOUN
ajfa-1243	31	19	1	1	NUM
ajfa-1243	31	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	31	21	54	54	NUM
ajfa-1243	31	22	to	to	PART
ajfa-1243	31	23	overcome	overcome	VERB
ajfa-1243	31	24	the	the	DET
ajfa-1243	31	25	influence	influence	NOUN
ajfa-1243	31	26	of	of	ADP
ajfa-1243	31	27	the	the	DET
ajfa-1243	31	28	global	global	ADJ
ajfa-1243	31	29	financial	financial	ADJ
ajfa-1243	31	30	crisis	crisis	NOUN
ajfa-1243	31	31	,	,	PUNCT
ajfa-1243	31	32	most	most	ADJ
ajfa-1243	31	33	emerging	emerge	VERB
ajfa-1243	31	34	economies	economy	NOUN
ajfa-1243	31	35	try	try	VERB
ajfa-1243	31	36	to	to	PART
ajfa-1243	31	37	strengthen	strengthen	VERB
ajfa-1243	31	38	rules	rule	NOUN
ajfa-1243	31	39	and	and	CCONJ
ajfa-1243	31	40	regulations	regulation	NOUN
ajfa-1243	31	41	.	.	PUNCT
ajfa-1243	32	1	due	due	ADP
ajfa-1243	32	2	to	to	ADP
ajfa-1243	32	3	high	high	ADJ
ajfa-1243	32	4	uncertainty	uncertainty	NOUN
ajfa-1243	32	5	and	and	CCONJ
ajfa-1243	32	6	weak	weak	ADJ
ajfa-1243	32	7	legal	legal	ADJ
ajfa-1243	32	8	regulations	regulation	NOUN
ajfa-1243	32	9	,	,	PUNCT
ajfa-1243	32	10	most	most	ADJ
ajfa-1243	32	11	of	of	ADP
ajfa-1243	32	12	the	the	DET
ajfa-1243	32	13	emerging	emerge	VERB
ajfa-1243	32	14	markets	market	NOUN
ajfa-1243	32	15	have	have	AUX
ajfa-1243	32	16	faced	face	VERB
ajfa-1243	32	17	recession	recession	NOUN
ajfa-1243	32	18	in	in	ADP
ajfa-1243	32	19	recent	recent	ADJ
ajfa-1243	32	20	years	year	NOUN
ajfa-1243	32	21	.	.	PUNCT
ajfa-1243	33	1	through	through	ADP
ajfa-1243	33	2	board	board	NOUN
ajfa-1243	33	3	diversity	diversity	NOUN
ajfa-1243	33	4	,	,	PUNCT
ajfa-1243	33	5	most	most	ADV
ajfa-1243	33	6	developed	develop	VERB
ajfa-1243	33	7	markets	market	NOUN
ajfa-1243	33	8	try	try	VERB
ajfa-1243	33	9	to	to	PART
ajfa-1243	33	10	maximise	maximise	VERB
ajfa-1243	33	11	their	their	PRON
ajfa-1243	33	12	profit	profit	NOUN
ajfa-1243	33	13	in	in	ADP
ajfa-1243	33	14	financial	financial	ADJ
ajfa-1243	33	15	hard	hard	ADJ
ajfa-1243	33	16	times	time	NOUN
ajfa-1243	33	17	,	,	PUNCT
ajfa-1243	33	18	because	because	SCONJ
ajfa-1243	33	19	board	board	NOUN
ajfa-1243	33	20	diversity	diversity	NOUN
ajfa-1243	33	21	increases	increase	VERB
ajfa-1243	33	22	board	board	NOUN
ajfa-1243	33	23	monitoring	monitoring	NOUN
ajfa-1243	33	24	.	.	PUNCT
ajfa-1243	34	1	emerging	emerge	VERB
ajfa-1243	34	2	markets	market	NOUN
ajfa-1243	34	3	’	'	PUNCT
ajfa-1243	34	4	institutional	institutional	ADJ
ajfa-1243	34	5	structures	structure	NOUN
ajfa-1243	34	6	and	and	CCONJ
ajfa-1243	34	7	practices	practice	NOUN
ajfa-1243	34	8	are	be	AUX
ajfa-1243	34	9	different	different	ADJ
ajfa-1243	34	10	from	from	ADP
ajfa-1243	34	11	developed	develop	VERB
ajfa-1243	34	12	markets	market	NOUN
ajfa-1243	34	13	so	so	ADV
ajfa-1243	34	14	applying	apply	VERB
ajfa-1243	34	15	the	the	DET
ajfa-1243	34	16	same	same	ADJ
ajfa-1243	34	17	board	board	NOUN
ajfa-1243	34	18	diversity	diversity	NOUN
ajfa-1243	34	19	argument	argument	NOUN
ajfa-1243	34	20	to	to	ADP
ajfa-1243	34	21	emerging	emerge	VERB
ajfa-1243	34	22	markets	market	NOUN
ajfa-1243	34	23	remains	remain	VERB
ajfa-1243	34	24	doubtful	doubtful	ADJ
ajfa-1243	34	25	.	.	PUNCT
ajfa-1243	35	1	though	though	SCONJ
ajfa-1243	35	2	there	there	PRON
ajfa-1243	35	3	have	have	AUX
ajfa-1243	35	4	been	be	AUX
ajfa-1243	35	5	studies	study	NOUN
ajfa-1243	35	6	of	of	ADP
ajfa-1243	35	7	ethnic	ethnic	ADJ
ajfa-1243	35	8	diversity	diversity	NOUN
ajfa-1243	35	9	on	on	ADP
ajfa-1243	35	10	top	top	ADJ
ajfa-1243	35	11	management	management	NOUN
ajfa-1243	35	12	(	(	PUNCT
ajfa-1243	35	13	marimuthu	marimuthu	NOUN
ajfa-1243	35	14	,	,	PUNCT
ajfa-1243	35	15	2008	2008	NUM
ajfa-1243	35	16	;	;	PUNCT
ajfa-1243	35	17	roberson	roberson	PROPN
ajfa-1243	35	18	&	&	CCONJ
ajfa-1243	35	19	park	park	PROPN
ajfa-1243	35	20	,	,	PUNCT
ajfa-1243	35	21	2007	2007	NUM
ajfa-1243	35	22	)	)	PUNCT
ajfa-1243	35	23	and	and	CCONJ
ajfa-1243	35	24	its	its	PRON
ajfa-1243	35	25	effect	effect	NOUN
ajfa-1243	35	26	on	on	ADP
ajfa-1243	35	27	firm	firm	ADJ
ajfa-1243	35	28	financial	financial	ADJ
ajfa-1243	35	29	performance	performance	NOUN
ajfa-1243	35	30	,	,	PUNCT
ajfa-1243	35	31	this	this	PRON
ajfa-1243	35	32	is	be	AUX
ajfa-1243	35	33	the	the	DET
ajfa-1243	35	34	first	first	ADJ
ajfa-1243	35	35	study	study	NOUN
ajfa-1243	35	36	to	to	ADP
ajfa-1243	35	37	especially	especially	ADV
ajfa-1243	35	38	concern	concern	VERB
ajfa-1243	35	39	itself	itself	PRON
ajfa-1243	35	40	with	with	ADP
ajfa-1243	35	41	board	board	NOUN
ajfa-1243	35	42	ethnic	ethnic	ADJ
ajfa-1243	35	43	diversity	diversity	NOUN
ajfa-1243	35	44	during	during	ADP
ajfa-1243	35	45	a	a	DET
ajfa-1243	35	46	global	global	ADJ
ajfa-1243	35	47	financial	financial	ADJ
ajfa-1243	35	48	crisis	crisis	NOUN
ajfa-1243	35	49	period	period	NOUN
ajfa-1243	35	50	.	.	PUNCT
ajfa-1243	36	1	moreover	moreover	ADV
ajfa-1243	36	2	,	,	PUNCT
ajfa-1243	36	3	this	this	DET
ajfa-1243	36	4	study	study	NOUN
ajfa-1243	36	5	shows	show	VERB
ajfa-1243	36	6	board	board	NOUN
ajfa-1243	36	7	ethnic	ethnic	ADJ
ajfa-1243	36	8	diversity	diversity	NOUN
ajfa-1243	36	9	impacts	impact	NOUN
ajfa-1243	36	10	on	on	ADP
ajfa-1243	36	11	firm	firm	ADJ
ajfa-1243	36	12	principal	principal	ADJ
ajfa-1243	36	13	-	-	PUNCT
ajfa-1243	36	14	agent	agent	NOUN
ajfa-1243	36	15	(	(	PUNCT
ajfa-1243	36	16	pa	pa	PROPN
ajfa-1243	36	17	)	)	PUNCT
ajfa-1243	36	18	and	and	CCONJ
ajfa-1243	36	19	principal	principal	NOUN
ajfa-1243	36	20	-	-	PUNCT
ajfa-1243	36	21	principal	principal	NOUN
ajfa-1243	36	22	(	(	PUNCT
ajfa-1243	36	23	pp	pp	ADJ
ajfa-1243	36	24	)	)	PUNCT
ajfa-1243	36	25	agency	agency	NOUN
ajfa-1243	36	26	costs	cost	NOUN
ajfa-1243	36	27	.	.	PUNCT
ajfa-1243	37	1	although	although	SCONJ
ajfa-1243	37	2	there	there	PRON
ajfa-1243	37	3	have	have	AUX
ajfa-1243	37	4	been	be	AUX
ajfa-1243	37	5	contemporary	contemporary	ADJ
ajfa-1243	37	6	studies	study	NOUN
ajfa-1243	37	7	on	on	ADP
ajfa-1243	37	8	board	board	NOUN
ajfa-1243	37	9	diversity	diversity	NOUN
ajfa-1243	37	10	and	and	CCONJ
ajfa-1243	37	11	pa	pa	PROPN
ajfa-1243	37	12	agency	agency	NOUN
ajfa-1243	37	13	costs	cost	NOUN
ajfa-1243	37	14	,	,	PUNCT
ajfa-1243	37	15	pp	pp	ADP
ajfa-1243	37	16	agency	agency	NOUN
ajfa-1243	37	17	costs	cost	NOUN
ajfa-1243	37	18	and	and	CCONJ
ajfa-1243	37	19	board	board	NOUN
ajfa-1243	37	20	ethnic	ethnic	ADJ
ajfa-1243	37	21	diversity	diversity	NOUN
ajfa-1243	37	22	relationship	relationship	NOUN
ajfa-1243	37	23	has	have	AUX
ajfa-1243	37	24	not	not	PART
ajfa-1243	37	25	been	be	AUX
ajfa-1243	37	26	widely	widely	ADV
ajfa-1243	37	27	discussed	discuss	VERB
ajfa-1243	37	28	in	in	ADP
ajfa-1243	37	29	prior	prior	ADJ
ajfa-1243	37	30	literature	literature	NOUN
ajfa-1243	37	31	.	.	PUNCT
ajfa-1243	38	1	this	this	PRON
ajfa-1243	38	2	is	be	AUX
ajfa-1243	38	3	first	first	ADJ
ajfa-1243	38	4	study	study	NOUN
ajfa-1243	38	5	to	to	PART
ajfa-1243	38	6	provide	provide	VERB
ajfa-1243	38	7	evidence	evidence	NOUN
ajfa-1243	38	8	of	of	ADP
ajfa-1243	38	9	board	board	NOUN
ajfa-1243	38	10	ethnic	ethnic	ADJ
ajfa-1243	38	11	diversification	diversification	NOUN
ajfa-1243	38	12	and	and	CCONJ
ajfa-1243	38	13	its	its	PRON
ajfa-1243	38	14	impact	impact	NOUN
ajfa-1243	38	15	on	on	ADP
ajfa-1243	38	16	pa	pa	PROPN
ajfa-1243	38	17	and	and	CCONJ
ajfa-1243	38	18	pp	pp	PROPN
ajfa-1243	38	19	agency	agency	NOUN
ajfa-1243	38	20	costs	cost	NOUN
ajfa-1243	38	21	in	in	ADP
ajfa-1243	38	22	emerging	emerge	VERB
ajfa-1243	38	23	market	market	NOUN
ajfa-1243	38	24	firms	firm	NOUN
ajfa-1243	38	25	.	.	PUNCT
ajfa-1243	39	1	additionally	additionally	ADV
ajfa-1243	39	2	,	,	PUNCT
ajfa-1243	39	3	studies	study	NOUN
ajfa-1243	39	4	on	on	ADP
ajfa-1243	39	5	board	board	NOUN
ajfa-1243	39	6	ethnic	ethnic	ADJ
ajfa-1243	39	7	diversity	diversity	NOUN
ajfa-1243	39	8	present	present	ADJ
ajfa-1243	39	9	reverse	reverse	ADJ
ajfa-1243	39	10	causality	causality	NOUN
ajfa-1243	39	11	and	and	CCONJ
ajfa-1243	39	12	endogeneity	endogeneity	NOUN
ajfa-1243	39	13	issues	issue	NOUN
ajfa-1243	39	14	and	and	CCONJ
ajfa-1243	39	15	due	due	ADP
ajfa-1243	39	16	to	to	ADP
ajfa-1243	39	17	this	this	PRON
ajfa-1243	39	18	,	,	PUNCT
ajfa-1243	39	19	it	it	PRON
ajfa-1243	39	20	is	be	AUX
ajfa-1243	39	21	still	still	ADV
ajfa-1243	39	22	unclear	unclear	ADJ
ajfa-1243	39	23	whether	whether	SCONJ
ajfa-1243	39	24	more	more	ADV
ajfa-1243	39	25	successful	successful	ADJ
ajfa-1243	39	26	firms	firm	NOUN
ajfa-1243	39	27	have	have	VERB
ajfa-1243	39	28	greater	great	ADJ
ajfa-1243	39	29	capacity	capacity	NOUN
ajfa-1243	39	30	to	to	PART
ajfa-1243	39	31	adopt	adopt	VERB
ajfa-1243	39	32	more	more	ADJ
ajfa-1243	39	33	ethnic	ethnic	ADJ
ajfa-1243	39	34	diversity	diversity	NOUN
ajfa-1243	39	35	or	or	CCONJ
ajfa-1243	39	36	if	if	SCONJ
ajfa-1243	39	37	more	more	ADJ
ajfa-1243	39	38	ethnic	ethnic	ADJ
ajfa-1243	39	39	diversified	diversified	ADJ
ajfa-1243	39	40	boards	board	NOUN
ajfa-1243	39	41	lead	lead	VERB
ajfa-1243	39	42	to	to	ADP
ajfa-1243	39	43	better	well	ADJ
ajfa-1243	39	44	performance	performance	NOUN
ajfa-1243	39	45	.	.	PUNCT
ajfa-1243	40	1	however	however	ADV
ajfa-1243	40	2	,	,	PUNCT
ajfa-1243	40	3	this	this	DET
ajfa-1243	40	4	study	study	NOUN
ajfa-1243	40	5	controls	control	VERB
ajfa-1243	40	6	potential	potential	ADJ
ajfa-1243	40	7	endogeneity	endogeneity	NOUN
ajfa-1243	40	8	effect	effect	NOUN
ajfa-1243	40	9	in	in	ADP
ajfa-1243	40	10	regression	regression	NOUN
ajfa-1243	40	11	technique	technique	NOUN
ajfa-1243	40	12	.	.	PUNCT
ajfa-1243	41	1	the	the	DET
ajfa-1243	41	2	next	next	ADJ
ajfa-1243	41	3	section	section	NOUN
ajfa-1243	41	4	reviews	review	VERB
ajfa-1243	41	5	prior	prior	ADJ
ajfa-1243	41	6	research	research	NOUN
ajfa-1243	41	7	,	,	PUNCT
ajfa-1243	41	8	develops	develop	VERB
ajfa-1243	41	9	the	the	DET
ajfa-1243	41	10	hypotheses	hypothesis	NOUN
ajfa-1243	41	11	and	and	CCONJ
ajfa-1243	41	12	is	be	AUX
ajfa-1243	41	13	followed	follow	VERB
ajfa-1243	41	14	by	by	ADP
ajfa-1243	41	15	discussion	discussion	NOUN
ajfa-1243	41	16	of	of	ADP
ajfa-1243	41	17	data	datum	NOUN
ajfa-1243	41	18	,	,	PUNCT
ajfa-1243	41	19	variables	variable	NOUN
ajfa-1243	41	20	,	,	PUNCT
ajfa-1243	41	21	methods	method	NOUN
ajfa-1243	41	22	and	and	CCONJ
ajfa-1243	41	23	procedures	procedure	NOUN
ajfa-1243	41	24	used	use	VERB
ajfa-1243	41	25	for	for	ADP
ajfa-1243	41	26	this	this	DET
ajfa-1243	41	27	empirical	empirical	ADJ
ajfa-1243	41	28	study	study	NOUN
ajfa-1243	41	29	.	.	PUNCT
ajfa-1243	42	1	the	the	DET
ajfa-1243	42	2	results	result	NOUN
ajfa-1243	42	3	and	and	CCONJ
ajfa-1243	42	4	conclusion	conclusion	NOUN
ajfa-1243	42	5	then	then	ADV
ajfa-1243	42	6	follow	follow	VERB
ajfa-1243	42	7	.	.	PUNCT
ajfa-1243	43	1	2	2	X
ajfa-1243	43	2	.	.	X
ajfa-1243	43	3	literature	literature	PROPN
ajfa-1243	43	4	review	review	VERB
ajfa-1243	43	5	cultural	cultural	ADJ
ajfa-1243	43	6	differences	difference	NOUN
ajfa-1243	43	7	,	,	PUNCT
ajfa-1243	43	8	ethnicity	ethnicity	NOUN
ajfa-1243	43	9	and	and	CCONJ
ajfa-1243	43	10	demographic	demographic	ADJ
ajfa-1243	43	11	differences	difference	NOUN
ajfa-1243	43	12	are	be	AUX
ajfa-1243	43	13	known	know	VERB
ajfa-1243	43	14	to	to	PART
ajfa-1243	43	15	affect	affect	VERB
ajfa-1243	43	16	business	business	NOUN
ajfa-1243	43	17	practices	practice	NOUN
ajfa-1243	43	18	,	,	PUNCT
ajfa-1243	43	19	organisational	organisational	ADJ
ajfa-1243	43	20	structure	structure	NOUN
ajfa-1243	43	21	,	,	PUNCT
ajfa-1243	43	22	account	account	NOUN
ajfa-1243	43	23	disclosure	disclosure	NOUN
ajfa-1243	43	24	and	and	CCONJ
ajfa-1243	43	25	audit	audit	NOUN
ajfa-1243	43	26	practices	practice	NOUN
ajfa-1243	43	27	(	(	PUNCT
ajfa-1243	43	28	haniffa	haniffa	PROPN
ajfa-1243	43	29	&	&	CCONJ
ajfa-1243	43	30	cooke	cooke	PROPN
ajfa-1243	43	31	,	,	PUNCT
ajfa-1243	43	32	2002	2002	NUM
ajfa-1243	43	33	;	;	PUNCT
ajfa-1243	43	34	yatim	yatim	PROPN
ajfa-1243	43	35	et	et	PROPN
ajfa-1243	43	36	al	al	PROPN
ajfa-1243	43	37	.	.	PROPN
ajfa-1243	43	38	,	,	PUNCT
ajfa-1243	43	39	2006	2006	NUM
ajfa-1243	43	40	)	)	PUNCT
ajfa-1243	43	41	.	.	PUNCT
ajfa-1243	44	1	a	a	DET
ajfa-1243	44	2	uk	uk	PROPN
ajfa-1243	44	3	-	-	PUNCT
ajfa-1243	44	4	based	base	VERB
ajfa-1243	44	5	study	study	NOUN
ajfa-1243	44	6	finds	find	VERB
ajfa-1243	44	7	that	that	SCONJ
ajfa-1243	44	8	many	many	ADJ
ajfa-1243	44	9	institutional	institutional	ADJ
ajfa-1243	44	10	investors	investor	NOUN
ajfa-1243	44	11	prefer	prefer	VERB
ajfa-1243	44	12	diversified	diversified	ADJ
ajfa-1243	44	13	boards	board	NOUN
ajfa-1243	44	14	with	with	ADP
ajfa-1243	44	15	more	more	ADV
ajfa-1243	44	16	female	female	ADJ
ajfa-1243	44	17	or	or	CCONJ
ajfa-1243	44	18	minority	minority	NOUN
ajfa-1243	44	19	directors	director	NOUN
ajfa-1243	44	20	(	(	PUNCT
ajfa-1243	44	21	brammer	brammer	NOUN
ajfa-1243	44	22	et	et	PROPN
ajfa-1243	44	23	al	al	PROPN
ajfa-1243	44	24	.	.	PROPN
ajfa-1243	44	25	,	,	PUNCT
ajfa-1243	44	26	2007	2007	NUM
ajfa-1243	44	27	)	)	PUNCT
ajfa-1243	44	28	.	.	PUNCT
ajfa-1243	45	1	this	this	PRON
ajfa-1243	45	2	may	may	AUX
ajfa-1243	45	3	be	be	AUX
ajfa-1243	45	4	because	because	SCONJ
ajfa-1243	45	5	minority	minority	NOUN
ajfa-1243	45	6	directors	director	NOUN
ajfa-1243	45	7	promote	promote	VERB
ajfa-1243	45	8	more	more	ADV
ajfa-1243	45	9	effective	effective	ADJ
ajfa-1243	45	10	global	global	ADJ
ajfa-1243	45	11	relationships	relationship	NOUN
ajfa-1243	45	12	,	,	PUNCT
ajfa-1243	45	13	and	and	CCONJ
ajfa-1243	45	14	ethno	ethno	NOUN
ajfa-1243	45	15	-	-	PUNCT
ajfa-1243	45	16	cultural	cultural	ADJ
ajfa-1243	45	17	diversity	diversity	NOUN
ajfa-1243	45	18	makes	make	VERB
ajfa-1243	45	19	corporate	corporate	ADJ
ajfa-1243	45	20	leaders	leader	NOUN
ajfa-1243	45	21	more	more	ADV
ajfa-1243	45	22	sensitive	sensitive	ADJ
ajfa-1243	45	23	to	to	ADP
ajfa-1243	45	24	other	other	ADJ
ajfa-1243	45	25	cultures	culture	NOUN
ajfa-1243	45	26	,	,	PUNCT
ajfa-1243	45	27	especially	especially	ADV
ajfa-1243	45	28	in	in	ADP
ajfa-1243	45	29	business	business	NOUN
ajfa-1243	45	30	internationalisation	internationalisation	NOUN
ajfa-1243	45	31	(	(	PUNCT
ajfa-1243	45	32	wang	wang	PROPN
ajfa-1243	45	33	&	&	CCONJ
ajfa-1243	45	34	clift	clift	PROPN
ajfa-1243	45	35	,	,	PUNCT
ajfa-1243	45	36	2009	2009	NUM
ajfa-1243	45	37	)	)	PUNCT
ajfa-1243	45	38	.	.	PUNCT
ajfa-1243	46	1	however	however	ADV
ajfa-1243	46	2	,	,	PUNCT
ajfa-1243	46	3	based	base	VERB
ajfa-1243	46	4	on	on	ADP
ajfa-1243	46	5	the	the	DET
ajfa-1243	46	6	theory	theory	NOUN
ajfa-1243	46	7	of	of	ADP
ajfa-1243	46	8	stereotype	stereotype	NOUN
ajfa-1243	46	9	threat	threat	NOUN
ajfa-1243	46	10	,	,	PUNCT
ajfa-1243	46	11	majority	majority	NOUN
ajfa-1243	46	12	members	member	NOUN
ajfa-1243	46	13	may	may	AUX
ajfa-1243	46	14	underestimate	underestimate	VERB
ajfa-1243	46	15	minority	minority	NOUN
ajfa-1243	46	16	contributions	contribution	NOUN
ajfa-1243	46	17	(	(	PUNCT
ajfa-1243	46	18	frances	france	NOUN
ajfa-1243	46	19	&	&	CCONJ
ajfa-1243	46	20	lmartins	lmartin	NOUN
ajfa-1243	46	21	,	,	PUNCT
ajfa-1243	46	22	1996	1996	NUM
ajfa-1243	46	23	)	)	PUNCT
ajfa-1243	46	24	and	and	CCONJ
ajfa-1243	46	25	ethnic	ethnic	ADJ
ajfa-1243	46	26	minority	minority	NOUN
ajfa-1243	46	27	directors	director	NOUN
ajfa-1243	46	28	may	may	AUX
ajfa-1243	46	29	not	not	PART
ajfa-1243	46	30	be	be	AUX
ajfa-1243	46	31	able	able	ADJ
ajfa-1243	46	32	to	to	PART
ajfa-1243	46	33	perform	perform	VERB
ajfa-1243	46	34	well	well	ADV
ajfa-1243	46	35	in	in	ADP
ajfa-1243	46	36	the	the	DET
ajfa-1243	46	37	workplace	workplace	NOUN
ajfa-1243	46	38	,	,	PUNCT
ajfa-1243	46	39	especially	especially	ADV
ajfa-1243	46	40	in	in	ADP
ajfa-1243	46	41	an	an	DET
ajfa-1243	46	42	economic	economic	ADJ
ajfa-1243	46	43	downturn	downturn	NOUN
ajfa-1243	46	44	.	.	PUNCT
ajfa-1243	47	1	carter	carter	NOUN
ajfa-1243	47	2	et	et	PROPN
ajfa-1243	47	3	al	al	PROPN
ajfa-1243	47	4	.	.	PROPN
ajfa-1243	48	1	(	(	PUNCT
ajfa-1243	48	2	2003	2003	NUM
ajfa-1243	48	3	)	)	PUNCT
ajfa-1243	48	4	study	study	NOUN
ajfa-1243	48	5	fortune	fortune	NOUN
ajfa-1243	48	6	1000	1000	NUM
ajfa-1243	48	7	companies	company	NOUN
ajfa-1243	49	1	and	and	CCONJ
ajfa-1243	49	2	find	find	VERB
ajfa-1243	49	3	companies	company	NOUN
ajfa-1243	49	4	with	with	ADP
ajfa-1243	49	5	two	two	NUM
ajfa-1243	49	6	or	or	CCONJ
ajfa-1243	49	7	more	more	ADJ
ajfa-1243	49	8	ethnic	ethnic	ADJ
ajfa-1243	49	9	minority	minority	NOUN
ajfa-1243	49	10	board	board	NOUN
ajfa-1243	49	11	directors	director	NOUN
ajfa-1243	49	12	perform	perform	VERB
ajfa-1243	49	13	better	well	ADJ
ajfa-1243	49	14	than	than	ADP
ajfa-1243	49	15	companies	company	NOUN
ajfa-1243	49	16	with	with	ADP
ajfa-1243	49	17	no	no	DET
ajfa-1243	49	18	ethnic	ethnic	ADJ
ajfa-1243	49	19	minority	minority	NOUN
ajfa-1243	49	20	directors	director	NOUN
ajfa-1243	49	21	.	.	PUNCT
ajfa-1243	50	1	erhardt	erhardt	PROPN
ajfa-1243	50	2	et	et	PROPN
ajfa-1243	50	3	al	al	PROPN
ajfa-1243	50	4	.	.	PROPN
ajfa-1243	51	1	(	(	PUNCT
ajfa-1243	51	2	2003	2003	NUM
ajfa-1243	51	3	)	)	PUNCT
ajfa-1243	51	4	using	use	VERB
ajfa-1243	51	5	127	127	NUM
ajfa-1243	51	6	us	us	PROPN
ajfa-1243	51	7	large	large	ADJ
ajfa-1243	51	8	companies	company	NOUN
ajfa-1243	51	9	,	,	PUNCT
ajfa-1243	51	10	suggest	suggest	VERB
ajfa-1243	51	11	a	a	DET
ajfa-1243	51	12	positive	positive	ADJ
ajfa-1243	51	13	association	association	NOUN
ajfa-1243	51	14	between	between	ADP
ajfa-1243	51	15	ethnic	ethnic	ADJ
ajfa-1243	51	16	minority	minority	NOUN
ajfa-1243	51	17	directors	director	NOUN
ajfa-1243	51	18	’	’	PART
ajfa-1243	51	19	percentage	percentage	NOUN
ajfa-1243	51	20	and	and	CCONJ
ajfa-1243	51	21	financial	financial	ADJ
ajfa-1243	51	22	performance	performance	NOUN
ajfa-1243	51	23	of	of	ADP
ajfa-1243	51	24	the	the	DET
ajfa-1243	51	25	company	company	NOUN
ajfa-1243	51	26	.	.	PUNCT
ajfa-1243	52	1	this	this	PRON
ajfa-1243	52	2	may	may	AUX
ajfa-1243	52	3	be	be	AUX
ajfa-1243	52	4	because	because	SCONJ
ajfa-1243	52	5	directors	director	NOUN
ajfa-1243	52	6	from	from	ADP
ajfa-1243	52	7	different	different	ADJ
ajfa-1243	52	8	ethnic	ethnic	ADJ
ajfa-1243	52	9	backgrounds	background	NOUN
ajfa-1243	52	10	have	have	VERB
ajfa-1243	52	11	a	a	DET
ajfa-1243	52	12	broader	broad	ADJ
ajfa-1243	52	13	view	view	NOUN
ajfa-1243	52	14	and	and	CCONJ
ajfa-1243	52	15	a	a	DET
ajfa-1243	52	16	large	large	ADJ
ajfa-1243	52	17	pool	pool	NOUN
ajfa-1243	52	18	of	of	ADP
ajfa-1243	52	19	information	information	NOUN
ajfa-1243	52	20	to	to	PART
ajfa-1243	52	21	contribute	contribute	VERB
ajfa-1243	52	22	to	to	ADP
ajfa-1243	52	23	the	the	DET
ajfa-1243	52	24	decision	decision	NOUN
ajfa-1243	52	25	-	-	PUNCT
ajfa-1243	52	26	making	make	VERB
ajfa-1243	52	27	process	process	NOUN
ajfa-1243	52	28	.	.	PUNCT
ajfa-1243	53	1	similar	similar	ADJ
ajfa-1243	53	2	to	to	ADP
ajfa-1243	53	3	the	the	DET
ajfa-1243	53	4	above	above	ADJ
ajfa-1243	53	5	findings	finding	NOUN
ajfa-1243	53	6	,	,	PUNCT
ajfa-1243	53	7	carno	carno	NOUN
ajfa-1243	53	8	and	and	CCONJ
ajfa-1243	53	9	chen	chen	PROPN
ajfa-1243	53	10	(	(	PUNCT
ajfa-1243	53	11	1998	1998	NUM
ajfa-1243	53	12	)	)	PUNCT
ajfa-1243	53	13	posit	posit	VERB
ajfa-1243	53	14	ethnic	ethnic	ADJ
ajfa-1243	53	15	diversity	diversity	NOUN
ajfa-1243	53	16	of	of	ADP
ajfa-1243	53	17	board	board	NOUN
ajfa-1243	53	18	directors	director	NOUN
ajfa-1243	53	19	increases	increase	VERB
ajfa-1243	53	20	the	the	DET
ajfa-1243	53	21	asian	asian	ADJ
ajfa-1243	53	22	journal	journal	NOUN
ajfa-1243	53	23	of	of	ADP
ajfa-1243	53	24	finance	finance	PROPN
ajfa-1243	53	25	&	&	CCONJ
ajfa-1243	53	26	accounting	accounting	PROPN
ajfa-1243	53	27	issn	issn	PROPN
ajfa-1243	53	28	1946	1946	NUM
ajfa-1243	53	29	-	-	PUNCT
ajfa-1243	53	30	052x	052x	NOUN
ajfa-1243	53	31	2012	2012	NUM
ajfa-1243	53	32	,	,	PUNCT
ajfa-1243	53	33	vol	vol	NOUN
ajfa-1243	53	34	.	.	PROPN
ajfa-1243	53	35	4	4	NUM
ajfa-1243	53	36	,	,	PUNCT
ajfa-1243	53	37	no	no	INTJ
ajfa-1243	53	38	.	.	NOUN
ajfa-1243	53	39	1	1	NUM
ajfa-1243	53	40	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	53	41	55	55	NUM
ajfa-1243	53	42	decision	decision	NOUN
ajfa-1243	53	43	-	-	PUNCT
ajfa-1243	53	44	making	make	VERB
ajfa-1243	53	45	quality	quality	NOUN
ajfa-1243	53	46	of	of	ADP
ajfa-1243	53	47	the	the	DET
ajfa-1243	53	48	company	company	NOUN
ajfa-1243	53	49	and	and	CCONJ
ajfa-1243	53	50	strategic	strategic	ADJ
ajfa-1243	53	51	analysis	analysis	NOUN
ajfa-1243	53	52	.	.	PUNCT
ajfa-1243	54	1	further	far	ADV
ajfa-1243	54	2	,	,	PUNCT
ajfa-1243	54	3	introduce	introduce	VERB
ajfa-1243	54	4	ethnic	ethnic	ADJ
ajfa-1243	54	5	diversity	diversity	NOUN
ajfa-1243	54	6	on	on	ADP
ajfa-1243	54	7	corporate	corporate	ADJ
ajfa-1243	54	8	board	board	NOUN
ajfa-1243	54	9	leads	lead	VERB
ajfa-1243	54	10	to	to	PART
ajfa-1243	54	11	increase	increase	VERB
ajfa-1243	54	12	competitive	competitive	ADJ
ajfa-1243	54	13	advantage	advantage	NOUN
ajfa-1243	54	14	and	and	CCONJ
ajfa-1243	54	15	strategic	strategic	ADJ
ajfa-1243	54	16	analysis	analysis	NOUN
ajfa-1243	54	17	ability	ability	NOUN
ajfa-1243	54	18	of	of	ADP
ajfa-1243	54	19	the	the	DET
ajfa-1243	54	20	firm	firm	NOUN
ajfa-1243	54	21	.	.	PUNCT
ajfa-1243	55	1	ethnic	ethnic	ADJ
ajfa-1243	55	2	diversity	diversity	NOUN
ajfa-1243	55	3	increases	increase	VERB
ajfa-1243	55	4	board	board	NOUN
ajfa-1243	55	5	independence	independence	NOUN
ajfa-1243	55	6	,	,	PUNCT
ajfa-1243	55	7	because	because	SCONJ
ajfa-1243	55	8	people	people	NOUN
ajfa-1243	55	9	with	with	ADP
ajfa-1243	55	10	different	different	ADJ
ajfa-1243	55	11	cultural	cultural	ADJ
ajfa-1243	55	12	backgrounds	background	NOUN
ajfa-1243	55	13	raise	raise	VERB
ajfa-1243	55	14	more	more	ADJ
ajfa-1243	55	15	questions	question	NOUN
ajfa-1243	55	16	than	than	SCONJ
ajfa-1243	55	17	do	do	VERB
ajfa-1243	55	18	a	a	DET
ajfa-1243	55	19	homogenous	homogenous	ADJ
ajfa-1243	55	20	group	group	NOUN
ajfa-1243	55	21	of	of	ADP
ajfa-1243	55	22	directors	director	NOUN
ajfa-1243	55	23	(	(	PUNCT
ajfa-1243	55	24	carter	carter	PROPN
ajfa-1243	55	25	et	et	PROPN
ajfa-1243	55	26	al	al	PROPN
ajfa-1243	55	27	.	.	PROPN
ajfa-1243	55	28	,	,	PUNCT
ajfa-1243	55	29	2003	2003	NUM
ajfa-1243	55	30	;	;	PUNCT
ajfa-1243	55	31	laughlin	laughlin	PROPN
ajfa-1243	55	32	,	,	PUNCT
ajfa-1243	55	33	1992	1992	NUM
ajfa-1243	55	34	)	)	PUNCT
ajfa-1243	55	35	.	.	PUNCT
ajfa-1243	56	1	in	in	ADP
ajfa-1243	56	2	emerging	emerge	VERB
ajfa-1243	56	3	market	market	NOUN
ajfa-1243	56	4	findings	finding	NOUN
ajfa-1243	56	5	,	,	PUNCT
ajfa-1243	56	6	haniffa	haniffa	NOUN
ajfa-1243	56	7	and	and	CCONJ
ajfa-1243	56	8	cooke	cooke	PROPN
ajfa-1243	56	9	(	(	PUNCT
ajfa-1243	56	10	2002	2002	NUM
ajfa-1243	56	11	)	)	PUNCT
ajfa-1243	56	12	find	find	VERB
ajfa-1243	56	13	the	the	DET
ajfa-1243	56	14	ethnic	ethnic	ADJ
ajfa-1243	56	15	background	background	NOUN
ajfa-1243	56	16	of	of	ADP
ajfa-1243	56	17	directors	director	NOUN
ajfa-1243	56	18	is	be	AUX
ajfa-1243	56	19	significantly	significantly	ADV
ajfa-1243	56	20	related	relate	VERB
ajfa-1243	56	21	to	to	ADP
ajfa-1243	56	22	company	company	NOUN
ajfa-1243	56	23	financial	financial	ADJ
ajfa-1243	56	24	performance	performance	NOUN
ajfa-1243	56	25	.	.	PUNCT
ajfa-1243	57	1	using	use	VERB
ajfa-1243	57	2	malaysian	malaysian	ADJ
ajfa-1243	57	3	top	top	ADJ
ajfa-1243	57	4	100	100	NUM
ajfa-1243	57	5	non	non	ADJ
ajfa-1243	57	6	-	-	ADJ
ajfa-1243	57	7	financial	financial	ADJ
ajfa-1243	57	8	companies	company	NOUN
ajfa-1243	57	9	listed	list	VERB
ajfa-1243	57	10	on	on	ADP
ajfa-1243	57	11	the	the	DET
ajfa-1243	57	12	stock	stock	NOUN
ajfa-1243	57	13	exchange	exchange	NOUN
ajfa-1243	57	14	over	over	ADP
ajfa-1243	57	15	a	a	DET
ajfa-1243	57	16	six	six	NUM
ajfa-1243	57	17	years	year	NOUN
ajfa-1243	57	18	,	,	PUNCT
ajfa-1243	57	19	marimuthu	marimuthu	NOUN
ajfa-1243	57	20	(	(	PUNCT
ajfa-1243	57	21	2008	2008	NUM
ajfa-1243	57	22	)	)	PUNCT
ajfa-1243	57	23	explains	explain	VERB
ajfa-1243	57	24	that	that	SCONJ
ajfa-1243	57	25	ethnic	ethnic	ADJ
ajfa-1243	57	26	diversity	diversity	NOUN
ajfa-1243	57	27	enhances	enhance	VERB
ajfa-1243	57	28	firm	firm	ADJ
ajfa-1243	57	29	financial	financial	ADJ
ajfa-1243	57	30	performance	performance	NOUN
ajfa-1243	57	31	.	.	PUNCT
ajfa-1243	58	1	furthermore	furthermore	ADV
ajfa-1243	58	2	,	,	PUNCT
ajfa-1243	58	3	he	he	PRON
ajfa-1243	58	4	explains	explain	VERB
ajfa-1243	58	5	a	a	DET
ajfa-1243	58	6	one	one	NUM
ajfa-1243	58	7	unit	unit	NOUN
ajfa-1243	58	8	increment	increment	NOUN
ajfa-1243	58	9	of	of	ADP
ajfa-1243	58	10	board	board	NOUN
ajfa-1243	58	11	ethnic	ethnic	ADJ
ajfa-1243	58	12	diversity	diversity	NOUN
ajfa-1243	58	13	leads	lead	VERB
ajfa-1243	58	14	to	to	ADP
ajfa-1243	58	15	an	an	DET
ajfa-1243	58	16	increased	increase	VERB
ajfa-1243	58	17	six	six	NUM
ajfa-1243	58	18	units	unit	NOUN
ajfa-1243	58	19	in	in	ADP
ajfa-1243	58	20	firm	firm	ADJ
ajfa-1243	58	21	performance	performance	NOUN
ajfa-1243	58	22	.	.	PUNCT
ajfa-1243	59	1	johnson	johnson	PROPN
ajfa-1243	59	2	&	&	CCONJ
ajfa-1243	59	3	mitton	mitton	PROPN
ajfa-1243	59	4	(	(	PUNCT
ajfa-1243	59	5	2003	2003	NUM
ajfa-1243	59	6	)	)	PUNCT
ajfa-1243	59	7	and	and	CCONJ
ajfa-1243	59	8	gomez	gomez	PROPN
ajfa-1243	59	9	&	&	CCONJ
ajfa-1243	59	10	jomo	jomo	PROPN
ajfa-1243	59	11	(	(	PUNCT
ajfa-1243	59	12	1997	1997	NUM
ajfa-1243	59	13	)	)	PUNCT
ajfa-1243	59	14	explain	explain	VERB
ajfa-1243	59	15	malaysian	malaysian	ADJ
ajfa-1243	59	16	ethnic	ethnic	ADJ
ajfa-1243	59	17	-	-	PUNCT
ajfa-1243	59	18	favoured	favour	VERB
ajfa-1243	59	19	firms	firm	NOUN
ajfa-1243	59	20	appear	appear	VERB
ajfa-1243	59	21	to	to	PART
ajfa-1243	59	22	have	have	VERB
ajfa-1243	59	23	poor	poor	ADJ
ajfa-1243	59	24	corporate	corporate	ADJ
ajfa-1243	59	25	governance	governance	NOUN
ajfa-1243	59	26	practices	practice	NOUN
ajfa-1243	59	27	and	and	CCONJ
ajfa-1243	59	28	higher	high	ADJ
ajfa-1243	59	29	agency	agency	NOUN
ajfa-1243	59	30	costs	cost	NOUN
ajfa-1243	59	31	due	due	ADJ
ajfa-1243	59	32	to	to	ADP
ajfa-1243	59	33	being	be	AUX
ajfa-1243	59	34	ethnically	ethnically	ADV
ajfa-1243	59	35	favoured	favour	VERB
ajfa-1243	59	36	and	and	CCONJ
ajfa-1243	59	37	politically	politically	ADV
ajfa-1243	59	38	connected	connect	VERB
ajfa-1243	59	39	.	.	PUNCT
ajfa-1243	60	1	board	board	NOUN
ajfa-1243	60	2	independence	independence	NOUN
ajfa-1243	60	3	is	be	AUX
ajfa-1243	60	4	critical	critical	ADJ
ajfa-1243	60	5	for	for	SCONJ
ajfa-1243	60	6	boards	board	NOUN
ajfa-1243	60	7	to	to	PART
ajfa-1243	60	8	function	function	VERB
ajfa-1243	60	9	and	and	CCONJ
ajfa-1243	60	10	to	to	PART
ajfa-1243	60	11	align	align	VERB
ajfa-1243	60	12	the	the	DET
ajfa-1243	60	13	interests	interest	NOUN
ajfa-1243	60	14	of	of	ADP
ajfa-1243	60	15	shareholders	shareholder	NOUN
ajfa-1243	60	16	.	.	PUNCT
ajfa-1243	61	1	in	in	ADP
ajfa-1243	61	2	other	other	ADJ
ajfa-1243	61	3	words	word	NOUN
ajfa-1243	61	4	,	,	PUNCT
ajfa-1243	61	5	more	more	ADV
ajfa-1243	61	6	ethnically	ethnically	ADV
ajfa-1243	61	7	diversified	diversify	VERB
ajfa-1243	61	8	boards	board	NOUN
ajfa-1243	61	9	are	be	AUX
ajfa-1243	61	10	more	more	ADV
ajfa-1243	61	11	independent	independent	ADJ
ajfa-1243	61	12	and	and	CCONJ
ajfa-1243	61	13	reduce	reduce	VERB
ajfa-1243	61	14	agency	agency	NOUN
ajfa-1243	61	15	conflict	conflict	NOUN
ajfa-1243	61	16	.	.	PUNCT
ajfa-1243	62	1	however	however	ADV
ajfa-1243	62	2	,	,	PUNCT
ajfa-1243	62	3	a	a	DET
ajfa-1243	62	4	diverse	diverse	ADJ
ajfa-1243	62	5	top	top	ADJ
ajfa-1243	62	6	management	management	NOUN
ajfa-1243	62	7	team	team	NOUN
ajfa-1243	62	8	leads	lead	VERB
ajfa-1243	62	9	to	to	ADP
ajfa-1243	62	10	conflict	conflict	NOUN
ajfa-1243	62	11	of	of	ADP
ajfa-1243	62	12	interest	interest	NOUN
ajfa-1243	62	13	and	and	CCONJ
ajfa-1243	62	14	increases	increase	VERB
ajfa-1243	62	15	the	the	DET
ajfa-1243	62	16	agency	agency	NOUN
ajfa-1243	62	17	costs	cost	NOUN
ajfa-1243	62	18	,	,	PUNCT
ajfa-1243	62	19	especially	especially	ADV
ajfa-1243	62	20	in	in	ADP
ajfa-1243	62	21	high	high	ADJ
ajfa-1243	62	22	uncertainty	uncertainty	NOUN
ajfa-1243	62	23	markets	market	NOUN
ajfa-1243	62	24	.	.	PUNCT
ajfa-1243	63	1	using	use	VERB
ajfa-1243	63	2	227	227	NUM
ajfa-1243	63	3	malaysian	malaysian	ADJ
ajfa-1243	63	4	public	public	ADJ
ajfa-1243	63	5	listed	list	VERB
ajfa-1243	63	6	companies	company	NOUN
ajfa-1243	63	7	,	,	PUNCT
ajfa-1243	63	8	foo	foo	PROPN
ajfa-1243	63	9	&	&	CCONJ
ajfa-1243	63	10	zain	zain	PROPN
ajfa-1243	63	11	(	(	PUNCT
ajfa-1243	63	12	2010	2010	NUM
ajfa-1243	63	13	)	)	PUNCT
ajfa-1243	63	14	find	find	VERB
ajfa-1243	63	15	that	that	SCONJ
ajfa-1243	63	16	high	high	ADJ
ajfa-1243	63	17	ethnic	ethnic	ADJ
ajfa-1243	63	18	minority	minority	NOUN
ajfa-1243	63	19	director	director	NOUN
ajfa-1243	63	20	levels	level	NOUN
ajfa-1243	63	21	increase	increase	VERB
ajfa-1243	63	22	information	information	NOUN
ajfa-1243	63	23	asymmetry	asymmetry	NOUN
ajfa-1243	63	24	in	in	ADP
ajfa-1243	63	25	malaysian	malaysian	ADJ
ajfa-1243	63	26	firms	firm	NOUN
ajfa-1243	63	27	.	.	PUNCT
ajfa-1243	64	1	thus	thus	ADV
ajfa-1243	64	2	,	,	PUNCT
ajfa-1243	64	3	increasing	increase	VERB
ajfa-1243	64	4	ethnic	ethnic	ADJ
ajfa-1243	64	5	diversity	diversity	NOUN
ajfa-1243	64	6	in	in	ADP
ajfa-1243	64	7	the	the	DET
ajfa-1243	64	8	board	board	NOUN
ajfa-1243	64	9	room	room	NOUN
ajfa-1243	64	10	could	could	AUX
ajfa-1243	64	11	have	have	VERB
ajfa-1243	64	12	adverse	adverse	ADJ
ajfa-1243	64	13	consequences	consequence	NOUN
ajfa-1243	64	14	for	for	ADP
ajfa-1243	64	15	the	the	DET
ajfa-1243	64	16	company	company	NOUN
ajfa-1243	64	17	.	.	PUNCT
ajfa-1243	65	1	davidson	davidson	NOUN
ajfa-1243	65	2	(	(	PUNCT
ajfa-1243	65	3	2002	2002	NUM
ajfa-1243	65	4	)	)	PUNCT
ajfa-1243	65	5	argues	argue	VERB
ajfa-1243	65	6	that	that	SCONJ
ajfa-1243	65	7	women	woman	NOUN
ajfa-1243	65	8	and	and	CCONJ
ajfa-1243	65	9	minority	minority	NOUN
ajfa-1243	65	10	workers	worker	NOUN
ajfa-1243	65	11	are	be	AUX
ajfa-1243	65	12	disadvantaged	disadvantage	VERB
ajfa-1243	65	13	compared	compare	VERB
ajfa-1243	65	14	to	to	ADP
ajfa-1243	65	15	their	their	PRON
ajfa-1243	65	16	white	white	ADJ
ajfa-1243	65	17	male	male	NOUN
ajfa-1243	65	18	counterparts	counterpart	NOUN
ajfa-1243	65	19	and	and	CCONJ
ajfa-1243	65	20	for	for	ADP
ajfa-1243	65	21	this	this	DET
ajfa-1243	65	22	reason	reason	NOUN
ajfa-1243	65	23	the	the	DET
ajfa-1243	65	24	minority	minority	NOUN
ajfa-1243	65	25	may	may	AUX
ajfa-1243	65	26	underperform	underperform	VERB
ajfa-1243	65	27	.	.	PUNCT
ajfa-1243	66	1	this	this	PRON
ajfa-1243	66	2	may	may	AUX
ajfa-1243	66	3	be	be	AUX
ajfa-1243	66	4	based	base	VERB
ajfa-1243	66	5	on	on	ADP
ajfa-1243	66	6	the	the	DET
ajfa-1243	66	7	theory	theory	NOUN
ajfa-1243	66	8	of	of	ADP
ajfa-1243	66	9	tokenism	tokenism	NOUN
ajfa-1243	66	10	,	,	PUNCT
ajfa-1243	66	11	which	which	PRON
ajfa-1243	66	12	explains	explain	VERB
ajfa-1243	66	13	minority	minority	NOUN
ajfa-1243	66	14	members	member	NOUN
ajfa-1243	66	15	face	face	VERB
ajfa-1243	66	16	difficulties	difficulty	NOUN
ajfa-1243	66	17	performing	perform	VERB
ajfa-1243	66	18	to	to	ADP
ajfa-1243	66	19	their	their	PRON
ajfa-1243	66	20	potential	potential	NOUN
ajfa-1243	66	21	in	in	ADP
ajfa-1243	66	22	the	the	DET
ajfa-1243	66	23	workplace	workplace	NOUN
ajfa-1243	66	24	because	because	SCONJ
ajfa-1243	66	25	the	the	DET
ajfa-1243	66	26	tokens	token	NOUN
ajfa-1243	66	27	are	be	AUX
ajfa-1243	66	28	forced	force	VERB
ajfa-1243	66	29	into	into	ADP
ajfa-1243	66	30	stereotypical	stereotypical	ADJ
ajfa-1243	66	31	categories	category	NOUN
ajfa-1243	66	32	defined	define	VERB
ajfa-1243	66	33	by	by	ADP
ajfa-1243	66	34	the	the	DET
ajfa-1243	66	35	dominants	dominant	NOUN
ajfa-1243	66	36	(	(	PUNCT
ajfa-1243	66	37	reskin	reskin	PROPN
ajfa-1243	66	38	et	et	PROPN
ajfa-1243	66	39	al	al	PROPN
ajfa-1243	66	40	.	.	PROPN
ajfa-1243	66	41	,	,	PUNCT
ajfa-1243	66	42	1999	1999	NUM
ajfa-1243	66	43	)	)	PUNCT
ajfa-1243	66	44	.	.	PUNCT
ajfa-1243	67	1	moreover	moreover	ADV
ajfa-1243	67	2	,	,	PUNCT
ajfa-1243	67	3	based	base	VERB
ajfa-1243	67	4	on	on	ADP
ajfa-1243	67	5	the	the	DET
ajfa-1243	67	6	stereotype	stereotype	NOUN
ajfa-1243	67	7	threat	threat	NOUN
ajfa-1243	67	8	,	,	PUNCT
ajfa-1243	67	9	research	research	NOUN
ajfa-1243	67	10	indicates	indicate	VERB
ajfa-1243	67	11	that	that	SCONJ
ajfa-1243	67	12	minority	minority	NOUN
ajfa-1243	67	13	groups	group	NOUN
ajfa-1243	67	14	underperform	underperform	VERB
ajfa-1243	67	15	in	in	ADP
ajfa-1243	67	16	the	the	DET
ajfa-1243	67	17	workplace	workplace	NOUN
ajfa-1243	67	18	,	,	PUNCT
ajfa-1243	67	19	because	because	SCONJ
ajfa-1243	67	20	they	they	PRON
ajfa-1243	67	21	feel	feel	VERB
ajfa-1243	67	22	they	they	PRON
ajfa-1243	67	23	are	be	AUX
ajfa-1243	67	24	being	be	AUX
ajfa-1243	67	25	judged	judge	VERB
ajfa-1243	67	26	as	as	ADP
ajfa-1243	67	27	group	group	NOUN
ajfa-1243	67	28	rather	rather	ADV
ajfa-1243	67	29	than	than	ADP
ajfa-1243	67	30	individuals	individual	NOUN
ajfa-1243	67	31	(	(	PUNCT
ajfa-1243	67	32	spencer	spencer	PROPN
ajfa-1243	67	33	et	et	PROPN
ajfa-1243	67	34	al	al	PROPN
ajfa-1243	67	35	.	.	PROPN
ajfa-1243	67	36	,	,	PUNCT
ajfa-1243	67	37	1999	1999	NUM
ajfa-1243	67	38	;	;	PUNCT
ajfa-1243	67	39	steele	steele	PROPN
ajfa-1243	67	40	&	&	CCONJ
ajfa-1243	67	41	aronson	aronson	PROPN
ajfa-1243	67	42	,	,	PUNCT
ajfa-1243	67	43	1995	1995	NUM
ajfa-1243	67	44	)	)	PUNCT
ajfa-1243	67	45	.	.	PUNCT
ajfa-1243	68	1	2.1	2.1	NUM
ajfa-1243	68	2	agency	agency	NOUN
ajfa-1243	68	3	costs	cost	NOUN
ajfa-1243	68	4	costs	cost	NOUN
ajfa-1243	68	5	associated	associate	VERB
ajfa-1243	68	6	with	with	ADP
ajfa-1243	68	7	a	a	DET
ajfa-1243	68	8	lack	lack	NOUN
ajfa-1243	68	9	of	of	ADP
ajfa-1243	68	10	goal	goal	NOUN
ajfa-1243	68	11	congruence	congruence	NOUN
ajfa-1243	68	12	between	between	ADP
ajfa-1243	68	13	two	two	NUM
ajfa-1243	68	14	parties	party	NOUN
ajfa-1243	68	15	were	be	AUX
ajfa-1243	68	16	brought	bring	VERB
ajfa-1243	68	17	to	to	ADP
ajfa-1243	68	18	the	the	DET
ajfa-1243	68	19	fore	fore	NOUN
ajfa-1243	68	20	by	by	ADP
ajfa-1243	68	21	ross	ross	PROPN
ajfa-1243	68	22	(	(	PUNCT
ajfa-1243	68	23	1973	1973	NUM
ajfa-1243	68	24	)	)	PUNCT
ajfa-1243	68	25	and	and	CCONJ
ajfa-1243	68	26	were	be	AUX
ajfa-1243	68	27	further	far	ADV
ajfa-1243	68	28	explored	explore	VERB
ajfa-1243	68	29	by	by	ADP
ajfa-1243	68	30	jensen	jensen	PROPN
ajfa-1243	68	31	&	&	CCONJ
ajfa-1243	68	32	meckling	meckling	PROPN
ajfa-1243	68	33	(	(	PUNCT
ajfa-1243	68	34	1976	1976	NUM
ajfa-1243	68	35	)	)	PUNCT
ajfa-1243	68	36	.	.	PUNCT
ajfa-1243	69	1	these	these	DET
ajfa-1243	69	2	costs	cost	NOUN
ajfa-1243	69	3	are	be	AUX
ajfa-1243	69	4	often	often	ADV
ajfa-1243	69	5	referred	refer	VERB
ajfa-1243	69	6	to	to	ADP
ajfa-1243	69	7	as	as	ADP
ajfa-1243	69	8	agency	agency	NOUN
ajfa-1243	69	9	costs	cost	NOUN
ajfa-1243	69	10	and	and	CCONJ
ajfa-1243	69	11	can	can	AUX
ajfa-1243	69	12	occur	occur	VERB
ajfa-1243	69	13	between	between	ADP
ajfa-1243	69	14	a	a	DET
ajfa-1243	69	15	principal	principal	NOUN
ajfa-1243	69	16	and	and	CCONJ
ajfa-1243	69	17	agent	agent	NOUN
ajfa-1243	69	18	(	(	PUNCT
ajfa-1243	69	19	pa	pa	PROPN
ajfa-1243	69	20	)	)	PUNCT
ajfa-1243	69	21	and	and	CCONJ
ajfa-1243	69	22	also	also	ADV
ajfa-1243	69	23	between	between	ADP
ajfa-1243	69	24	principal	principal	NOUN
ajfa-1243	69	25	and	and	CCONJ
ajfa-1243	69	26	principal	principal	NOUN
ajfa-1243	69	27	(	(	PUNCT
ajfa-1243	69	28	pp	pp	ADJ
ajfa-1243	69	29	)	)	PUNCT
ajfa-1243	69	30	.	.	PUNCT
ajfa-1243	70	1	a	a	DET
ajfa-1243	70	2	pa	pa	PROPN
ajfa-1243	70	3	problem	problem	NOUN
ajfa-1243	70	4	arises	arise	VERB
ajfa-1243	70	5	when	when	SCONJ
ajfa-1243	70	6	agents	agent	NOUN
ajfa-1243	70	7	pursue	pursue	VERB
ajfa-1243	70	8	their	their	PRON
ajfa-1243	70	9	own	own	ADJ
ajfa-1243	70	10	goals	goal	NOUN
ajfa-1243	70	11	rather	rather	ADV
ajfa-1243	70	12	than	than	ADP
ajfa-1243	70	13	the	the	DET
ajfa-1243	70	14	goals	goal	NOUN
ajfa-1243	70	15	of	of	ADP
ajfa-1243	70	16	the	the	DET
ajfa-1243	70	17	principal	principal	NOUN
ajfa-1243	70	18	.	.	PUNCT
ajfa-1243	71	1	it	it	PRON
ajfa-1243	71	2	is	be	AUX
ajfa-1243	71	3	the	the	DET
ajfa-1243	71	4	result	result	NOUN
ajfa-1243	71	5	of	of	ADP
ajfa-1243	71	6	conflicting	conflict	VERB
ajfa-1243	71	7	interests	interest	NOUN
ajfa-1243	71	8	among	among	ADP
ajfa-1243	71	9	managers	manager	NOUN
ajfa-1243	71	10	and	and	CCONJ
ajfa-1243	71	11	owners	owner	NOUN
ajfa-1243	71	12	and	and	CCONJ
ajfa-1243	71	13	asymmetric	asymmetric	ADJ
ajfa-1243	71	14	information	information	NOUN
ajfa-1243	71	15	(	(	PUNCT
ajfa-1243	71	16	chrisman	chrisman	PROPN
ajfa-1243	71	17	et	et	PROPN
ajfa-1243	71	18	al	al	PROPN
ajfa-1243	71	19	.	.	PROPN
ajfa-1243	71	20	,	,	PUNCT
ajfa-1243	71	21	2004	2004	NUM
ajfa-1243	71	22	)	)	PUNCT
ajfa-1243	71	23	.	.	PUNCT
ajfa-1243	72	1	the	the	DET
ajfa-1243	72	2	pp	pp	PROPN
ajfa-1243	72	3	situation	situation	NOUN
ajfa-1243	72	4	is	be	AUX
ajfa-1243	72	5	best	well	ADV
ajfa-1243	72	6	described	describe	VERB
ajfa-1243	72	7	as	as	ADP
ajfa-1243	72	8	a	a	DET
ajfa-1243	72	9	firm	firm	NOUN
ajfa-1243	72	10	with	with	ADP
ajfa-1243	72	11	one	one	NUM
ajfa-1243	72	12	large	large	ADJ
ajfa-1243	72	13	shareholder	shareholder	NOUN
ajfa-1243	72	14	and	and	CCONJ
ajfa-1243	72	15	a	a	DET
ajfa-1243	72	16	fringe	fringe	NOUN
ajfa-1243	72	17	of	of	ADP
ajfa-1243	72	18	small	small	ADJ
ajfa-1243	72	19	shareholders	shareholder	NOUN
ajfa-1243	72	20	(	(	PUNCT
ajfa-1243	72	21	villalonga	villalonga	PROPN
ajfa-1243	72	22	&	&	CCONJ
ajfa-1243	72	23	amit	amit	PROPN
ajfa-1243	72	24	,	,	PUNCT
ajfa-1243	72	25	2006	2006	NUM
ajfa-1243	72	26	)	)	PUNCT
ajfa-1243	72	27	.	.	PUNCT
ajfa-1243	73	1	in	in	ADP
ajfa-1243	73	2	such	such	DET
ajfa-1243	73	3	a	a	DET
ajfa-1243	73	4	firm	firm	NOUN
ajfa-1243	73	5	,	,	PUNCT
ajfa-1243	73	6	the	the	DET
ajfa-1243	73	7	traditional	traditional	ADJ
ajfa-1243	73	8	pa	pa	PROPN
ajfa-1243	73	9	agency	agency	PROPN
ajfa-1243	73	10	conflict	conflict	NOUN
ajfa-1243	73	11	is	be	AUX
ajfa-1243	73	12	alleviated	alleviate	VERB
ajfa-1243	73	13	due	due	ADP
ajfa-1243	73	14	to	to	ADP
ajfa-1243	73	15	the	the	DET
ajfa-1243	73	16	large	large	ADJ
ajfa-1243	73	17	shareholder	shareholder	NOUN
ajfa-1243	73	18	’s	’s	PART
ajfa-1243	73	19	greater	great	ADJ
ajfa-1243	73	20	incentives	incentive	NOUN
ajfa-1243	73	21	to	to	PART
ajfa-1243	73	22	monitor	monitor	VERB
ajfa-1243	73	23	the	the	DET
ajfa-1243	73	24	manager	manager	NOUN
ajfa-1243	73	25	,	,	PUNCT
ajfa-1243	73	26	but	but	CCONJ
ajfa-1243	73	27	,	,	PUNCT
ajfa-1243	73	28	a	a	DET
ajfa-1243	73	29	second	second	ADJ
ajfa-1243	73	30	type	type	NOUN
ajfa-1243	73	31	of	of	ADP
ajfa-1243	73	32	conflict	conflict	NOUN
ajfa-1243	73	33	emerges	emerge	NOUN
ajfa-1243	73	34	as	as	SCONJ
ajfa-1243	73	35	large	large	ADJ
ajfa-1243	73	36	shareholders	shareholder	NOUN
ajfa-1243	73	37	exercise	exercise	VERB
ajfa-1243	73	38	their	their	PRON
ajfa-1243	73	39	substantial	substantial	ADJ
ajfa-1243	73	40	control	control	NOUN
ajfa-1243	73	41	and	and	CCONJ
ajfa-1243	73	42	influence	influence	NOUN
ajfa-1243	73	43	over	over	ADP
ajfa-1243	73	44	firm	firm	ADJ
ajfa-1243	73	45	matters	matter	NOUN
ajfa-1243	73	46	and	and	CCONJ
ajfa-1243	73	47	,	,	PUNCT
ajfa-1243	73	48	as	as	SCONJ
ajfa-1243	73	49	agency	agency	NOUN
ajfa-1243	73	50	theory	theory	NOUN
ajfa-1243	73	51	suggests	suggest	VERB
ajfa-1243	73	52	,	,	PUNCT
ajfa-1243	73	53	they	they	PRON
ajfa-1243	73	54	have	have	VERB
ajfa-1243	73	55	incentives	incentive	NOUN
ajfa-1243	73	56	to	to	PART
ajfa-1243	73	57	consume	consume	VERB
ajfa-1243	73	58	the	the	DET
ajfa-1243	73	59	firm	firm	NOUN
ajfa-1243	73	60	's	's	PART
ajfa-1243	73	61	resources	resource	NOUN
ajfa-1243	73	62	at	at	ADP
ajfa-1243	73	63	the	the	DET
ajfa-1243	73	64	expense	expense	NOUN
ajfa-1243	73	65	of	of	ADP
ajfa-1243	73	66	the	the	DET
ajfa-1243	73	67	minority	minority	NOUN
ajfa-1243	73	68	shareholders	shareholder	NOUN
ajfa-1243	73	69	(	(	PUNCT
ajfa-1243	73	70	anderson	anderson	PROPN
ajfa-1243	73	71	&	&	CCONJ
ajfa-1243	73	72	reeb	reeb	PROPN
ajfa-1243	73	73	,	,	PUNCT
ajfa-1243	73	74	2004	2004	NUM
ajfa-1243	73	75	)	)	PUNCT
ajfa-1243	73	76	.	.	PUNCT
ajfa-1243	74	1	due	due	ADP
ajfa-1243	74	2	to	to	ADP
ajfa-1243	74	3	weak	weak	ADJ
ajfa-1243	74	4	rules	rule	NOUN
ajfa-1243	74	5	and	and	CCONJ
ajfa-1243	74	6	regulations	regulation	NOUN
ajfa-1243	74	7	and	and	CCONJ
ajfa-1243	74	8	a	a	DET
ajfa-1243	74	9	weak	weak	ADJ
ajfa-1243	74	10	organisational	organisational	ADJ
ajfa-1243	74	11	and	and	CCONJ
ajfa-1243	74	12	institutional	institutional	ADJ
ajfa-1243	74	13	environment	environment	NOUN
ajfa-1243	74	14	,	,	PUNCT
ajfa-1243	74	15	asian	asian	ADJ
ajfa-1243	74	16	journal	journal	NOUN
ajfa-1243	74	17	of	of	ADP
ajfa-1243	74	18	finance	finance	PROPN
ajfa-1243	74	19	&	&	CCONJ
ajfa-1243	74	20	accounting	accounting	PROPN
ajfa-1243	74	21	issn	issn	PROPN
ajfa-1243	74	22	1946	1946	NUM
ajfa-1243	74	23	-	-	PUNCT
ajfa-1243	74	24	052x	052x	NOUN
ajfa-1243	74	25	2012	2012	NUM
ajfa-1243	74	26	,	,	PUNCT
ajfa-1243	74	27	vol	vol	NOUN
ajfa-1243	74	28	.	.	PROPN
ajfa-1243	74	29	4	4	NUM
ajfa-1243	74	30	,	,	PUNCT
ajfa-1243	74	31	no	no	INTJ
ajfa-1243	74	32	.	.	NOUN
ajfa-1243	74	33	1	1	NUM
ajfa-1243	74	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	74	35	56	56	NUM
ajfa-1243	74	36	pa	pa	PROPN
ajfa-1243	74	37	agency	agency	NOUN
ajfa-1243	74	38	costs	cost	NOUN
ajfa-1243	74	39	may	may	AUX
ajfa-1243	74	40	prevalent	prevalent	VERB
ajfa-1243	74	41	in	in	ADP
ajfa-1243	74	42	sri	sri	PROPN
ajfa-1243	74	43	lanka	lanka	PROPN
ajfa-1243	74	44	.	.	PUNCT
ajfa-1243	75	1	on	on	ADP
ajfa-1243	75	2	the	the	DET
ajfa-1243	75	3	other	other	ADJ
ajfa-1243	75	4	hand	hand	NOUN
ajfa-1243	75	5	,	,	PUNCT
ajfa-1243	75	6	due	due	ADP
ajfa-1243	75	7	to	to	ADP
ajfa-1243	75	8	the	the	DET
ajfa-1243	75	9	fact	fact	NOUN
ajfa-1243	75	10	that	that	SCONJ
ajfa-1243	75	11	more	more	ADJ
ajfa-1243	75	12	than	than	ADP
ajfa-1243	75	13	64	64	NUM
ajfa-1243	75	14	%	%	NOUN
ajfa-1243	75	15	of	of	ADP
ajfa-1243	75	16	sri	sri	ADJ
ajfa-1243	75	17	lankan	lankan	PROPN
ajfa-1243	75	18	-	-	PUNCT
ajfa-1243	75	19	listed	list	VERB
ajfa-1243	75	20	businesses	business	NOUN
ajfa-1243	75	21	are	be	AUX
ajfa-1243	75	22	family	family	NOUN
ajfa-1243	75	23	firms	firm	NOUN
ajfa-1243	75	24	,	,	PUNCT
ajfa-1243	75	25	family	family	NOUN
ajfa-1243	75	26	or	or	CCONJ
ajfa-1243	75	27	individual	individual	ADJ
ajfa-1243	75	28	expropriation	expropriation	NOUN
ajfa-1243	75	29	can	can	AUX
ajfa-1243	75	30	be	be	AUX
ajfa-1243	75	31	common	common	ADJ
ajfa-1243	75	32	in	in	ADP
ajfa-1243	75	33	sri	sri	PROPN
ajfa-1243	75	34	lanka	lanka	PROPN
ajfa-1243	75	35	.	.	PUNCT
ajfa-1243	76	1	therefore	therefore	ADV
ajfa-1243	76	2	,	,	PUNCT
ajfa-1243	76	3	pa	pa	PROPN
ajfa-1243	76	4	and	and	CCONJ
ajfa-1243	76	5	pp	pp	PROPN
ajfa-1243	76	6	agency	agency	NOUN
ajfa-1243	76	7	costs	cost	VERB
ajfa-1243	76	8	compound	compound	NOUN
ajfa-1243	76	9	issues	issue	NOUN
ajfa-1243	76	10	in	in	ADP
ajfa-1243	76	11	the	the	DET
ajfa-1243	76	12	sri	sri	ADJ
ajfa-1243	76	13	lankan	lankan	PROPN
ajfa-1243	76	14	market	market	NOUN
ajfa-1243	76	15	.	.	PUNCT
ajfa-1243	77	1	2.2	2.2	NUM
ajfa-1243	77	2	ethnic	ethnic	ADJ
ajfa-1243	77	3	minority	minority	NOUN
ajfa-1243	77	4	in	in	ADP
ajfa-1243	77	5	sri	sri	ADJ
ajfa-1243	77	6	lankan	lankan	PROPN
ajfa-1243	77	7	boards	boards	PROPN
ajfa-1243	77	8	sri	sri	PROPN
ajfa-1243	77	9	lanka	lanka	PROPN
ajfa-1243	77	10	,	,	PUNCT
ajfa-1243	77	11	a	a	DET
ajfa-1243	77	12	lowermiddle	lowermiddle	NOUN
ajfa-1243	77	13	-	-	PUNCT
ajfa-1243	77	14	income	income	NOUN
ajfa-1243	77	15	island	island	NOUN
ajfa-1243	77	16	located	locate	VERB
ajfa-1243	77	17	in	in	ADP
ajfa-1243	77	18	the	the	DET
ajfa-1243	77	19	indian	indian	ADJ
ajfa-1243	77	20	ocean	ocean	NOUN
ajfa-1243	77	21	,	,	PUNCT
ajfa-1243	77	22	has	have	AUX
ajfa-1243	77	23	made	make	VERB
ajfa-1243	77	24	considerable	considerable	ADJ
ajfa-1243	77	25	progress	progress	NOUN
ajfa-1243	77	26	in	in	ADP
ajfa-1243	77	27	human	human	ADJ
ajfa-1243	77	28	development	development	NOUN
ajfa-1243	77	29	,	,	PUNCT
ajfa-1243	77	30	such	such	ADJ
ajfa-1243	77	31	as	as	ADP
ajfa-1243	77	32	literacy	literacy	NOUN
ajfa-1243	77	33	and	and	CCONJ
ajfa-1243	77	34	life	life	NOUN
ajfa-1243	77	35	expectancy	expectancy	NOUN
ajfa-1243	77	36	.	.	PUNCT
ajfa-1243	78	1	there	there	PRON
ajfa-1243	78	2	is	be	VERB
ajfa-1243	78	3	nothing	nothing	PRON
ajfa-1243	78	4	in	in	ADP
ajfa-1243	78	5	the	the	DET
ajfa-1243	78	6	languages	language	NOUN
ajfa-1243	78	7	or	or	CCONJ
ajfa-1243	78	8	religious	religious	ADJ
ajfa-1243	78	9	systems	system	NOUN
ajfa-1243	78	10	in	in	ADP
ajfa-1243	78	11	sri	sri	PROPN
ajfa-1243	78	12	lanka	lanka	PROPN
ajfa-1243	78	13	that	that	PRON
ajfa-1243	78	14	officially	officially	ADV
ajfa-1243	78	15	promotes	promote	VERB
ajfa-1243	78	16	the	the	DET
ajfa-1243	78	17	social	social	ADJ
ajfa-1243	78	18	segregation	segregation	NOUN
ajfa-1243	78	19	of	of	ADP
ajfa-1243	78	20	their	their	PRON
ajfa-1243	78	21	adherents	adherent	NOUN
ajfa-1243	78	22	;	;	PUNCT
ajfa-1243	78	23	however	however	ADV
ajfa-1243	78	24	,	,	PUNCT
ajfa-1243	78	25	based	base	VERB
ajfa-1243	78	26	on	on	ADP
ajfa-1243	78	27	language	language	NOUN
ajfa-1243	78	28	and	and	CCONJ
ajfa-1243	78	29	religion	religion	NOUN
ajfa-1243	78	30	,	,	PUNCT
ajfa-1243	78	31	there	there	PRON
ajfa-1243	78	32	are	be	VERB
ajfa-1243	78	33	four	four	NUM
ajfa-1243	78	34	major	major	ADJ
ajfa-1243	78	35	ethnic	ethnic	ADJ
ajfa-1243	78	36	groups	group	NOUN
ajfa-1243	78	37	in	in	ADP
ajfa-1243	78	38	sri	sri	PROPN
ajfa-1243	78	39	lanka	lanka	PROPN
ajfa-1243	78	40	.	.	PUNCT
ajfa-1243	79	1	the	the	DET
ajfa-1243	79	2	sinhalese	sinhalese	PROPN
ajfa-1243	79	3	are	be	AUX
ajfa-1243	79	4	the	the	DET
ajfa-1243	79	5	largest	large	ADJ
ajfa-1243	79	6	group	group	NOUN
ajfa-1243	79	7	,	,	PUNCT
ajfa-1243	79	8	representing	represent	VERB
ajfa-1243	79	9	approximately	approximately	ADV
ajfa-1243	79	10	74	74	NUM
ajfa-1243	79	11	%	%	NOUN
ajfa-1243	79	12	of	of	ADP
ajfa-1243	79	13	the	the	DET
ajfa-1243	79	14	total	total	ADJ
ajfa-1243	79	15	population	population	NOUN
ajfa-1243	79	16	.	.	PUNCT
ajfa-1243	80	1	the	the	DET
ajfa-1243	80	2	tamils	tamil	NOUN
ajfa-1243	80	3	are	be	AUX
ajfa-1243	80	4	the	the	DET
ajfa-1243	80	5	major	major	ADJ
ajfa-1243	80	6	ethnic	ethnic	ADJ
ajfa-1243	80	7	minority	minority	NOUN
ajfa-1243	80	8	and	and	CCONJ
ajfa-1243	80	9	make	make	VERB
ajfa-1243	80	10	up	up	ADP
ajfa-1243	80	11	18	18	NUM
ajfa-1243	80	12	%	%	NOUN
ajfa-1243	80	13	of	of	ADP
ajfa-1243	80	14	the	the	DET
ajfa-1243	80	15	population	population	NOUN
ajfa-1243	80	16	.	.	PUNCT
ajfa-1243	81	1	around	around	ADP
ajfa-1243	81	2	the	the	DET
ajfa-1243	81	3	world	world	NOUN
ajfa-1243	81	4	companies	company	NOUN
ajfa-1243	81	5	are	be	AUX
ajfa-1243	81	6	facing	face	VERB
ajfa-1243	81	7	increasing	increase	VERB
ajfa-1243	81	8	pressure	pressure	NOUN
ajfa-1243	81	9	to	to	PART
ajfa-1243	81	10	appoint	appoint	VERB
ajfa-1243	81	11	ethnic	ethnic	ADJ
ajfa-1243	81	12	minority	minority	NOUN
ajfa-1243	81	13	senior	senior	ADJ
ajfa-1243	81	14	officers	officer	NOUN
ajfa-1243	81	15	and	and	CCONJ
ajfa-1243	81	16	management	management	NOUN
ajfa-1243	81	17	.	.	PUNCT
ajfa-1243	82	1	many	many	ADJ
ajfa-1243	82	2	recent	recent	ADJ
ajfa-1243	82	3	proposals	proposal	NOUN
ajfa-1243	82	4	of	of	ADP
ajfa-1243	82	5	governance	governance	NOUN
ajfa-1243	82	6	reform	reform	NOUN
ajfa-1243	82	7	explicitly	explicitly	ADV
ajfa-1243	82	8	stress	stress	VERB
ajfa-1243	82	9	the	the	DET
ajfa-1243	82	10	importance	importance	NOUN
ajfa-1243	82	11	of	of	ADP
ajfa-1243	82	12	ethnic	ethnic	ADJ
ajfa-1243	82	13	diversity	diversity	NOUN
ajfa-1243	82	14	in	in	ADP
ajfa-1243	82	15	the	the	DET
ajfa-1243	82	16	boardroom	boardroom	NOUN
ajfa-1243	82	17	.	.	PUNCT
ajfa-1243	83	1	however	however	ADV
ajfa-1243	83	2	,	,	PUNCT
ajfa-1243	83	3	this	this	PRON
ajfa-1243	83	4	is	be	AUX
ajfa-1243	83	5	significantly	significantly	ADV
ajfa-1243	83	6	high	high	ADJ
ajfa-1243	83	7	in	in	ADP
ajfa-1243	83	8	sri	sri	PROPN
ajfa-1243	83	9	lanka	lanka	PROPN
ajfa-1243	83	10	compared	compare	VERB
ajfa-1243	83	11	to	to	ADP
ajfa-1243	83	12	the	the	DET
ajfa-1243	83	13	us	us	PROPN
ajfa-1243	83	14	and	and	CCONJ
ajfa-1243	83	15	other	other	ADJ
ajfa-1243	83	16	developed	developed	ADJ
ajfa-1243	83	17	countries	country	NOUN
ajfa-1243	83	18	.	.	PUNCT
ajfa-1243	84	1	figure	figure	VERB
ajfa-1243	84	2	1.1	1.1	NUM
ajfa-1243	84	3	shows	show	VERB
ajfa-1243	84	4	minority	minority	NOUN
ajfa-1243	84	5	directors	director	NOUN
ajfa-1243	84	6	in	in	ADP
ajfa-1243	84	7	sri	sri	ADJ
ajfa-1243	84	8	lankan	lankan	PROPN
ajfa-1243	84	9	companies	company	NOUN
ajfa-1243	84	10	since	since	SCONJ
ajfa-1243	84	11	2006	2006	NUM
ajfa-1243	84	12	(	(	PUNCT
ajfa-1243	84	13	excluding	exclude	VERB
ajfa-1243	84	14	the	the	DET
ajfa-1243	84	15	banking	banking	NOUN
ajfa-1243	84	16	and	and	CCONJ
ajfa-1243	84	17	finance	finance	NOUN
ajfa-1243	84	18	sector	sector	NOUN
ajfa-1243	84	19	)	)	PUNCT
ajfa-1243	84	20	.	.	PUNCT
ajfa-1243	85	1	this	this	DET
ajfa-1243	85	2	figure	figure	NOUN
ajfa-1243	85	3	is	be	AUX
ajfa-1243	85	4	roughly	roughly	ADV
ajfa-1243	85	5	constant	constant	ADJ
ajfa-1243	85	6	and	and	CCONJ
ajfa-1243	85	7	has	have	AUX
ajfa-1243	85	8	stayed	stay	VERB
ajfa-1243	85	9	around	around	ADP
ajfa-1243	85	10	40	40	NUM
ajfa-1243	85	11	%	%	NOUN
ajfa-1243	85	12	since	since	SCONJ
ajfa-1243	85	13	2006	2006	NUM
ajfa-1243	85	14	.	.	PUNCT
ajfa-1243	86	1	however	however	ADV
ajfa-1243	86	2	,	,	PUNCT
ajfa-1243	86	3	a	a	DET
ajfa-1243	86	4	us	us	PROPN
ajfa-1243	86	5	based	base	VERB
ajfa-1243	86	6	study	study	NOUN
ajfa-1243	86	7	shows	show	VERB
ajfa-1243	86	8	that	that	SCONJ
ajfa-1243	86	9	in	in	ADP
ajfa-1243	86	10	2010	2010	NUM
ajfa-1243	86	11	only	only	ADV
ajfa-1243	86	12	9	9	NUM
ajfa-1243	86	13	%	%	NOUN
ajfa-1243	86	14	of	of	ADP
ajfa-1243	86	15	directors	director	NOUN
ajfa-1243	86	16	from	from	ADP
ajfa-1243	86	17	s	s	PROPN
ajfa-1243	86	18	&	&	CCONJ
ajfa-1243	86	19	p	p	PROPN
ajfa-1243	86	20	500	500	NUM
ajfa-1243	86	21	companies	company	NOUN
ajfa-1243	86	22	are	be	AUX
ajfa-1243	86	23	of	of	ADP
ajfa-1243	86	24	ethnic	ethnic	ADJ
ajfa-1243	86	25	minority	minority	NOUN
ajfa-1243	86	26	(	(	PUNCT
ajfa-1243	86	27	"	"	PUNCT
ajfa-1243	86	28	hot	hot	ADJ
ajfa-1243	86	29	topics	topic	NOUN
ajfa-1243	86	30	"	"	PUNCT
ajfa-1243	86	31	,	,	PUNCT
ajfa-1243	86	32	2011	2011	NUM
ajfa-1243	86	33	)	)	PUNCT
ajfa-1243	86	34	.	.	PUNCT
ajfa-1243	87	1	notably	notably	ADV
ajfa-1243	87	2	,	,	PUNCT
ajfa-1243	87	3	this	this	DET
ajfa-1243	87	4	figure	figure	NOUN
ajfa-1243	87	5	is	be	AUX
ajfa-1243	87	6	down	down	ADV
ajfa-1243	87	7	from	from	ADP
ajfa-1243	87	8	12	12	NUM
ajfa-1243	87	9	%	%	NOUN
ajfa-1243	87	10	in	in	ADP
ajfa-1243	87	11	2008	2008	NUM
ajfa-1243	87	12	and	and	CCONJ
ajfa-1243	87	13	2009	2009	NUM
ajfa-1243	87	14	and	and	CCONJ
ajfa-1243	87	15	11	11	NUM
ajfa-1243	87	16	%	%	NOUN
ajfa-1243	87	17	in	in	ADP
ajfa-1243	87	18	2007	2007	NUM
ajfa-1243	87	19	.	.	PUNCT
ajfa-1243	88	1	this	this	PRON
ajfa-1243	88	2	shows	show	VERB
ajfa-1243	88	3	the	the	DET
ajfa-1243	88	4	ad	ad	NOUN
ajfa-1243	88	5	-	-	PUNCT
ajfa-1243	88	6	hoc	hoc	X
ajfa-1243	88	7	manner	manner	NOUN
ajfa-1243	88	8	of	of	ADP
ajfa-1243	88	9	ethnic	ethnic	ADJ
ajfa-1243	88	10	minority	minority	NOUN
ajfa-1243	88	11	recruitment	recruitment	NOUN
ajfa-1243	88	12	in	in	ADP
ajfa-1243	88	13	us	us	PROPN
ajfa-1243	88	14	boards	board	NOUN
ajfa-1243	88	15	.	.	PUNCT
ajfa-1243	89	1	nevertheless	nevertheless	ADV
ajfa-1243	89	2	,	,	PUNCT
ajfa-1243	89	3	figure	figure	VERB
ajfa-1243	89	4	1.1	1.1	NUM
ajfa-1243	89	5	clearly	clearly	ADV
ajfa-1243	89	6	shows	show	VERB
ajfa-1243	89	7	minority	minority	NOUN
ajfa-1243	89	8	board	board	NOUN
ajfa-1243	89	9	representation	representation	NOUN
ajfa-1243	89	10	has	have	AUX
ajfa-1243	89	11	increased	increase	VERB
ajfa-1243	89	12	in	in	ADP
ajfa-1243	89	13	sri	sri	PROPN
ajfa-1243	89	14	lanka	lanka	PROPN
ajfa-1243	89	15	since	since	SCONJ
ajfa-1243	89	16	2006	2006	NUM
ajfa-1243	89	17	.	.	PUNCT
ajfa-1243	90	1	this	this	PRON
ajfa-1243	90	2	may	may	AUX
ajfa-1243	90	3	be	be	AUX
ajfa-1243	90	4	due	due	ADJ
ajfa-1243	90	5	to	to	ADP
ajfa-1243	90	6	the	the	DET
ajfa-1243	90	7	following	follow	VERB
ajfa-1243	90	8	reasons	reason	NOUN
ajfa-1243	90	9	.	.	PUNCT
ajfa-1243	91	1	the	the	DET
ajfa-1243	91	2	first	first	ADJ
ajfa-1243	91	3	major	major	ADJ
ajfa-1243	91	4	reason	reason	NOUN
ajfa-1243	91	5	is	be	AUX
ajfa-1243	91	6	corporate	corporate	ADJ
ajfa-1243	91	7	governance	governance	NOUN
ajfa-1243	91	8	reform	reform	NOUN
ajfa-1243	91	9	in	in	ADP
ajfa-1243	91	10	sri	sri	PROPN
ajfa-1243	91	11	lanka	lanka	PROPN
ajfa-1243	91	12	(	(	PUNCT
ajfa-1243	91	13	2008	2008	NUM
ajfa-1243	91	14	)	)	PUNCT
ajfa-1243	91	15	has	have	AUX
ajfa-1243	91	16	promoted	promote	VERB
ajfa-1243	91	17	board	board	NOUN
ajfa-1243	91	18	independence	independence	NOUN
ajfa-1243	91	19	.	.	PUNCT
ajfa-1243	92	1	based	base	VERB
ajfa-1243	92	2	on	on	ADP
ajfa-1243	92	3	agency	agency	NOUN
ajfa-1243	92	4	theory	theory	NOUN
ajfa-1243	92	5	,	,	PUNCT
ajfa-1243	92	6	boards	board	NOUN
ajfa-1243	92	7	that	that	PRON
ajfa-1243	92	8	have	have	VERB
ajfa-1243	92	9	more	more	ADJ
ajfa-1243	92	10	ethnic	ethnic	ADJ
ajfa-1243	92	11	minority	minority	NOUN
ajfa-1243	92	12	directors	director	NOUN
ajfa-1243	92	13	may	may	AUX
ajfa-1243	92	14	be	be	AUX
ajfa-1243	92	15	more	more	ADV
ajfa-1243	92	16	effective	effective	ADJ
ajfa-1243	92	17	in	in	ADP
ajfa-1243	92	18	monitoring	monitor	VERB
ajfa-1243	92	19	on	on	ADP
ajfa-1243	92	20	behalf	behalf	NOUN
ajfa-1243	92	21	of	of	ADP
ajfa-1243	92	22	shareholders	shareholder	NOUN
ajfa-1243	92	23	.	.	PUNCT
ajfa-1243	93	1	therefore	therefore	ADV
ajfa-1243	93	2	,	,	PUNCT
ajfa-1243	93	3	companies	company	NOUN
ajfa-1243	93	4	may	may	AUX
ajfa-1243	93	5	select	select	VERB
ajfa-1243	93	6	non	non	ADJ
ajfa-1243	93	7	-	-	ADJ
ajfa-1243	93	8	executive	executive	ADJ
ajfa-1243	93	9	directors	director	NOUN
ajfa-1243	93	10	form	form	VERB
ajfa-1243	93	11	ethnic	ethnic	ADJ
ajfa-1243	93	12	minority	minority	NOUN
ajfa-1243	93	13	groups	group	NOUN
ajfa-1243	93	14	.	.	PUNCT
ajfa-1243	94	1	the	the	DET
ajfa-1243	94	2	second	second	ADJ
ajfa-1243	94	3	reason	reason	NOUN
ajfa-1243	94	4	is	be	AUX
ajfa-1243	94	5	the	the	DET
ajfa-1243	94	6	global	global	ADJ
ajfa-1243	94	7	financial	financial	ADJ
ajfa-1243	94	8	crisis	crisis	NOUN
ajfa-1243	94	9	,	,	PUNCT
ajfa-1243	94	10	which	which	PRON
ajfa-1243	94	11	resulted	result	VERB
ajfa-1243	94	12	in	in	ADP
ajfa-1243	94	13	sri	sri	ADJ
ajfa-1243	94	14	lankan	lankan	PROPN
ajfa-1243	94	15	firms	firm	NOUN
ajfa-1243	94	16	increasing	increase	VERB
ajfa-1243	94	17	board	board	NOUN
ajfa-1243	94	18	diversity	diversity	NOUN
ajfa-1243	94	19	through	through	ADP
ajfa-1243	94	20	ethnic	ethnic	ADJ
ajfa-1243	94	21	minority	minority	NOUN
ajfa-1243	94	22	directors	director	NOUN
ajfa-1243	94	23	.	.	PUNCT
ajfa-1243	95	1	according	accord	VERB
ajfa-1243	95	2	to	to	ADP
ajfa-1243	95	3	hoffman	hoffman	PROPN
ajfa-1243	95	4	&	&	CCONJ
ajfa-1243	95	5	maier	maier	PROPN
ajfa-1243	95	6	(	(	PUNCT
ajfa-1243	95	7	1961	1961	NUM
ajfa-1243	95	8	)	)	PUNCT
ajfa-1243	95	9	,	,	PUNCT
ajfa-1243	95	10	it	it	PRON
ajfa-1243	95	11	may	may	AUX
ajfa-1243	95	12	be	be	AUX
ajfa-1243	95	13	that	that	PRON
ajfa-1243	95	14	group	group	NOUN
ajfa-1243	95	15	diversity	diversity	NOUN
ajfa-1243	95	16	increases	increase	VERB
ajfa-1243	95	17	problem	problem	NOUN
ajfa-1243	95	18	solving	solving	NOUN
ajfa-1243	95	19	capacity	capacity	NOUN
ajfa-1243	95	20	in	in	ADP
ajfa-1243	95	21	sri	sri	ADJ
ajfa-1243	95	22	lankan	lankan	ADJ
ajfa-1243	95	23	firms	firm	NOUN
ajfa-1243	95	24	in	in	ADP
ajfa-1243	95	25	financial	financial	ADJ
ajfa-1243	95	26	crisis	crisis	NOUN
ajfa-1243	95	27	.	.	PUNCT
ajfa-1243	96	1	moreover	moreover	ADV
ajfa-1243	96	2	,	,	PUNCT
ajfa-1243	96	3	an	an	DET
ajfa-1243	96	4	ethnically	ethnically	ADV
ajfa-1243	96	5	diversified	diversify	VERB
ajfa-1243	96	6	board	board	NOUN
ajfa-1243	96	7	may	may	AUX
ajfa-1243	96	8	have	have	VERB
ajfa-1243	96	9	“	"	PUNCT
ajfa-1243	96	10	signalling	signal	VERB
ajfa-1243	96	11	value	value	NOUN
ajfa-1243	96	12	”	"	PUNCT
ajfa-1243	96	13	for	for	ADP
ajfa-1243	96	14	sri	sri	PROPN
ajfa-1243	96	15	lanka	lanka	PROPN
ajfa-1243	96	16	.	.	PUNCT
ajfa-1243	97	1	therefore	therefore	ADV
ajfa-1243	97	2	,	,	PUNCT
ajfa-1243	97	3	sri	sri	PROPN
ajfa-1243	97	4	lankan	lankan	ADJ
ajfa-1243	97	5	companies	company	NOUN
ajfa-1243	97	6	add	add	VERB
ajfa-1243	97	7	more	more	ADJ
ajfa-1243	97	8	ethnic	ethnic	ADJ
ajfa-1243	97	9	minorities	minority	NOUN
ajfa-1243	97	10	in	in	ADP
ajfa-1243	97	11	a	a	DET
ajfa-1243	97	12	global	global	ADJ
ajfa-1243	97	13	financial	financial	ADJ
ajfa-1243	97	14	crisis	crisis	NOUN
ajfa-1243	97	15	.	.	PUNCT
ajfa-1243	98	1	another	another	DET
ajfa-1243	98	2	reason	reason	NOUN
ajfa-1243	98	3	is	be	AUX
ajfa-1243	98	4	that	that	SCONJ
ajfa-1243	98	5	after	after	ADP
ajfa-1243	98	6	the	the	DET
ajfa-1243	98	7	civil	civil	ADJ
ajfa-1243	98	8	war	war	NOUN
ajfa-1243	98	9	,	,	PUNCT
ajfa-1243	98	10	the	the	DET
ajfa-1243	98	11	majority	majority	NOUN
ajfa-1243	98	12	of	of	ADP
ajfa-1243	98	13	businesses	business	NOUN
ajfa-1243	98	14	expanded	expand	VERB
ajfa-1243	98	15	into	into	ADP
ajfa-1243	98	16	northern	northern	ADJ
ajfa-1243	98	17	and	and	CCONJ
ajfa-1243	98	18	east	east	NOUN
ajfa-1243	98	19	areas	area	NOUN
ajfa-1243	98	20	of	of	ADP
ajfa-1243	98	21	sri	sri	PROPN
ajfa-1243	98	22	lanka	lanka	PROPN
ajfa-1243	98	23	,	,	PUNCT
ajfa-1243	98	24	which	which	PRON
ajfa-1243	98	25	have	have	VERB
ajfa-1243	98	26	more	more	ADJ
ajfa-1243	98	27	ethnic	ethnic	ADJ
ajfa-1243	98	28	minorities	minority	NOUN
ajfa-1243	98	29	.	.	PUNCT
ajfa-1243	99	1	therefore	therefore	ADV
ajfa-1243	99	2	,	,	PUNCT
ajfa-1243	99	3	after	after	ADP
ajfa-1243	99	4	2009	2009	NUM
ajfa-1243	99	5	,	,	PUNCT
ajfa-1243	99	6	ethnic	ethnic	ADJ
ajfa-1243	99	7	minorities	minority	NOUN
ajfa-1243	99	8	engage	engage	VERB
ajfa-1243	99	9	more	more	ADV
ajfa-1243	99	10	in	in	ADP
ajfa-1243	99	11	investment	investment	NOUN
ajfa-1243	99	12	and	and	CCONJ
ajfa-1243	99	13	they	they	PRON
ajfa-1243	99	14	became	become	VERB
ajfa-1243	99	15	board	board	NOUN
ajfa-1243	99	16	directors	director	NOUN
ajfa-1243	99	17	and	and	CCONJ
ajfa-1243	99	18	hold	hold	VERB
ajfa-1243	99	19	more	more	ADJ
ajfa-1243	99	20	shares	share	NOUN
ajfa-1243	99	21	.	.	PUNCT
ajfa-1243	100	1	asian	asian	ADJ
ajfa-1243	100	2	journal	journal	PROPN
ajfa-1243	100	3	of	of	ADP
ajfa-1243	100	4	finance	finance	PROPN
ajfa-1243	100	5	&	&	CCONJ
ajfa-1243	100	6	accounting	accounting	PROPN
ajfa-1243	100	7	issn	issn	PROPN
ajfa-1243	100	8	1946	1946	NUM
ajfa-1243	100	9	-	-	PUNCT
ajfa-1243	100	10	052x	052x	NOUN
ajfa-1243	100	11	2012	2012	NUM
ajfa-1243	100	12	,	,	PUNCT
ajfa-1243	100	13	vol	vol	NOUN
ajfa-1243	100	14	.	.	PROPN
ajfa-1243	100	15	4	4	NUM
ajfa-1243	100	16	,	,	PUNCT
ajfa-1243	100	17	no	no	INTJ
ajfa-1243	100	18	.	.	NOUN
ajfa-1243	100	19	1	1	NUM
ajfa-1243	100	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	100	21	57	57	NUM
ajfa-1243	100	22	figure	figure	NOUN
ajfa-1243	100	23	1	1	NUM
ajfa-1243	100	24	.	.	PUNCT
ajfa-1243	100	25	ethnic	ethnic	ADJ
ajfa-1243	100	26	minority	minority	NOUN
ajfa-1243	100	27	representation	representation	NOUN
ajfa-1243	100	28	in	in	ADP
ajfa-1243	100	29	sri	sri	PROPN
ajfa-1243	100	30	lankan	lankan	PROPN
ajfa-1243	100	31	listed	list	VERB
ajfa-1243	100	32	companies	company	NOUN
ajfa-1243	100	33	’	'	PUNCT
ajfa-1243	100	34	boards	board	NOUN
ajfa-1243	100	35	based	base	VERB
ajfa-1243	100	36	on	on	ADP
ajfa-1243	100	37	social	social	ADJ
ajfa-1243	100	38	psychology	psychology	NOUN
ajfa-1243	100	39	,	,	PUNCT
ajfa-1243	100	40	zander	zander	NOUN
ajfa-1243	100	41	(	(	PUNCT
ajfa-1243	100	42	1979	1979	NUM
ajfa-1243	100	43	)	)	PUNCT
ajfa-1243	100	44	finds	find	VERB
ajfa-1243	100	45	that	that	SCONJ
ajfa-1243	100	46	group	group	NOUN
ajfa-1243	100	47	loyalty	loyalty	NOUN
ajfa-1243	100	48	depends	depend	VERB
ajfa-1243	100	49	on	on	ADP
ajfa-1243	100	50	similarities	similarity	NOUN
ajfa-1243	100	51	of	of	ADP
ajfa-1243	100	52	group	group	NOUN
ajfa-1243	100	53	members	member	NOUN
ajfa-1243	100	54	.	.	PUNCT
ajfa-1243	101	1	further	far	ADV
ajfa-1243	101	2	,	,	PUNCT
ajfa-1243	101	3	adams	adams	PROPN
ajfa-1243	101	4	&	&	CCONJ
ajfa-1243	101	5	ferreira	ferreira	PROPN
ajfa-1243	101	6	(	(	PUNCT
ajfa-1243	101	7	2002	2002	NUM
ajfa-1243	101	8	)	)	PUNCT
ajfa-1243	101	9	explain	explain	VERB
ajfa-1243	101	10	this	this	DET
ajfa-1243	101	11	kind	kind	NOUN
ajfa-1243	101	12	of	of	ADP
ajfa-1243	101	13	trust	trust	NOUN
ajfa-1243	101	14	is	be	AUX
ajfa-1243	101	15	specially	specially	ADV
ajfa-1243	101	16	required	require	VERB
ajfa-1243	101	17	in	in	ADP
ajfa-1243	101	18	high	high	ADJ
ajfa-1243	101	19	environmental	environmental	ADJ
ajfa-1243	101	20	uncertainty	uncertainty	NOUN
ajfa-1243	101	21	.	.	PUNCT
ajfa-1243	102	1	this	this	DET
ajfa-1243	102	2	finding	finding	NOUN
ajfa-1243	102	3	is	be	AUX
ajfa-1243	102	4	consistent	consistent	ADJ
ajfa-1243	102	5	with	with	ADP
ajfa-1243	102	6	kanter	kanter	PROPN
ajfa-1243	102	7	(	(	PUNCT
ajfa-1243	102	8	1977	1977	NUM
ajfa-1243	102	9	)	)	PUNCT
ajfa-1243	102	10	who	who	PRON
ajfa-1243	102	11	explains	explain	VERB
ajfa-1243	102	12	that	that	SCONJ
ajfa-1243	102	13	in	in	ADP
ajfa-1243	102	14	a	a	DET
ajfa-1243	102	15	high	high	ADJ
ajfa-1243	102	16	uncertainty	uncertainty	NOUN
ajfa-1243	102	17	environment	environment	NOUN
ajfa-1243	102	18	,	,	PUNCT
ajfa-1243	102	19	costs	cost	NOUN
ajfa-1243	102	20	are	be	AUX
ajfa-1243	102	21	created	create	VERB
ajfa-1243	102	22	when	when	SCONJ
ajfa-1243	102	23	adding	add	VERB
ajfa-1243	102	24	more	more	ADJ
ajfa-1243	102	25	ethnic	ethnic	ADJ
ajfa-1243	102	26	minorities	minority	NOUN
ajfa-1243	102	27	.	.	PUNCT
ajfa-1243	103	1	also	also	ADV
ajfa-1243	103	2	based	base	VERB
ajfa-1243	103	3	on	on	ADP
ajfa-1243	103	4	social	social	ADJ
ajfa-1243	103	5	choice	choice	NOUN
ajfa-1243	103	6	literature	literature	NOUN
ajfa-1243	103	7	,	,	PUNCT
ajfa-1243	103	8	arrow	arrow	NOUN
ajfa-1243	103	9	(	(	PUNCT
ajfa-1243	103	10	1951	1951	NUM
ajfa-1243	103	11	)	)	PUNCT
ajfa-1243	103	12	,	,	PUNCT
ajfa-1243	103	13	explains	explain	VERB
ajfa-1243	103	14	collective	collective	ADJ
ajfa-1243	103	15	decision	decision	NOUN
ajfa-1243	103	16	making	make	VERB
ajfa-1243	103	17	increases	increase	VERB
ajfa-1243	103	18	the	the	DET
ajfa-1243	103	19	cost	cost	NOUN
ajfa-1243	103	20	of	of	ADP
ajfa-1243	103	21	communication	communication	NOUN
ajfa-1243	103	22	.	.	PUNCT
ajfa-1243	104	1	this	this	PRON
ajfa-1243	104	2	is	be	AUX
ajfa-1243	104	3	because	because	SCONJ
ajfa-1243	104	4	conflicts	conflict	NOUN
ajfa-1243	104	5	of	of	ADP
ajfa-1243	104	6	interest	interest	NOUN
ajfa-1243	104	7	may	may	AUX
ajfa-1243	104	8	increase	increase	VERB
ajfa-1243	104	9	in	in	ADP
ajfa-1243	104	10	heterogeneous	heterogeneous	ADJ
ajfa-1243	104	11	groups	group	NOUN
ajfa-1243	104	12	.	.	PUNCT
ajfa-1243	105	1	therefore	therefore	ADV
ajfa-1243	105	2	,	,	PUNCT
ajfa-1243	105	3	adding	add	VERB
ajfa-1243	105	4	more	more	ADJ
ajfa-1243	105	5	ethnic	ethnic	ADJ
ajfa-1243	105	6	minority	minority	NOUN
ajfa-1243	105	7	directors	director	NOUN
ajfa-1243	105	8	in	in	ADP
ajfa-1243	105	9	sri	sri	ADJ
ajfa-1243	105	10	lankan	lankan	PROPN
ajfa-1243	105	11	firms	firm	NOUN
ajfa-1243	105	12	,	,	PUNCT
ajfa-1243	105	13	especially	especially	ADV
ajfa-1243	105	14	in	in	ADP
ajfa-1243	105	15	a	a	DET
ajfa-1243	105	16	global	global	ADJ
ajfa-1243	105	17	financial	financial	ADJ
ajfa-1243	105	18	crisis	crisis	NOUN
ajfa-1243	105	19	,	,	PUNCT
ajfa-1243	105	20	needs	need	VERB
ajfa-1243	105	21	further	further	ADJ
ajfa-1243	105	22	attention	attention	NOUN
ajfa-1243	105	23	.	.	PUNCT
ajfa-1243	106	1	3	3	X
ajfa-1243	106	2	.	.	X
ajfa-1243	106	3	methodology	methodology	NOUN
ajfa-1243	106	4	3.1	3.1	NUM
ajfa-1243	106	5	data	datum	NOUN
ajfa-1243	106	6	the	the	DET
ajfa-1243	106	7	sample	sample	NOUN
ajfa-1243	106	8	for	for	ADP
ajfa-1243	106	9	the	the	DET
ajfa-1243	106	10	panel	panel	NOUN
ajfa-1243	106	11	data	datum	NOUN
ajfa-1243	106	12	analysis	analysis	NOUN
ajfa-1243	106	13	embraces	embrace	VERB
ajfa-1243	106	14	non	non	ADJ
ajfa-1243	106	15	-	-	ADJ
ajfa-1243	106	16	financial	financial	ADJ
ajfa-1243	106	17	firms	firm	NOUN
ajfa-1243	106	18	listed	list	VERB
ajfa-1243	106	19	on	on	ADP
ajfa-1243	106	20	the	the	DET
ajfa-1243	106	21	colombo	colombo	NOUN
ajfa-1243	106	22	stock	stock	NOUN
ajfa-1243	106	23	exchange	exchange	PROPN
ajfa-1243	106	24	(	(	PUNCT
ajfa-1243	106	25	cse	cse	NOUN
ajfa-1243	106	26	)	)	PUNCT
ajfa-1243	106	27	before	before	ADP
ajfa-1243	106	28	and	and	CCONJ
ajfa-1243	106	29	during	during	ADP
ajfa-1243	106	30	the	the	DET
ajfa-1243	106	31	recent	recent	ADJ
ajfa-1243	106	32	global	global	ADJ
ajfa-1243	106	33	financial	financial	ADJ
ajfa-1243	106	34	crisis	crisis	NOUN
ajfa-1243	106	35	.	.	PUNCT
ajfa-1243	107	1	like	like	ADP
ajfa-1243	107	2	other	other	ADJ
ajfa-1243	107	3	asian	asian	ADJ
ajfa-1243	107	4	countries	country	NOUN
ajfa-1243	107	5	,	,	PUNCT
ajfa-1243	107	6	sri	sri	PROPN
ajfa-1243	107	7	lanka	lanka	PROPN
ajfa-1243	107	8	felt	feel	VERB
ajfa-1243	107	9	the	the	DET
ajfa-1243	107	10	global	global	ADJ
ajfa-1243	107	11	financial	financial	ADJ
ajfa-1243	107	12	crisis	crisis	NOUN
ajfa-1243	107	13	later	later	ADV
ajfa-1243	107	14	than	than	ADP
ajfa-1243	107	15	western	western	ADJ
ajfa-1243	107	16	countries	country	NOUN
ajfa-1243	107	17	(	(	PUNCT
ajfa-1243	107	18	rathnayake	rathnayake	NOUN
ajfa-1243	107	19	,	,	PUNCT
ajfa-1243	107	20	2009	2009	NUM
ajfa-1243	107	21	)	)	PUNCT
ajfa-1243	107	22	.	.	PUNCT
ajfa-1243	108	1	based	base	VERB
ajfa-1243	108	2	on	on	ADP
ajfa-1243	108	3	stock	stock	NOUN
ajfa-1243	108	4	market	market	NOUN
ajfa-1243	108	5	price	price	NOUN
ajfa-1243	108	6	index	index	NOUN
ajfa-1243	108	7	changes	change	NOUN
ajfa-1243	108	8	,	,	PUNCT
ajfa-1243	108	9	this	this	DET
ajfa-1243	108	10	study	study	NOUN
ajfa-1243	108	11	identified	identify	VERB
ajfa-1243	108	12	the	the	DET
ajfa-1243	108	13	global	global	ADJ
ajfa-1243	108	14	financial	financial	ADJ
ajfa-1243	108	15	crisis	crisis	NOUN
ajfa-1243	108	16	effect	effect	NOUN
ajfa-1243	108	17	in	in	ADP
ajfa-1243	108	18	sri	sri	PROPN
ajfa-1243	108	19	lanka	lanka	PROPN
ajfa-1243	108	20	in	in	ADP
ajfa-1243	108	21	the	the	DET
ajfa-1243	108	22	last	last	ADJ
ajfa-1243	108	23	quarter	quarter	NOUN
ajfa-1243	108	24	of	of	ADP
ajfa-1243	108	25	the	the	DET
ajfa-1243	108	26	2008	2008	NUM
ajfa-1243	108	27	financial	financial	ADJ
ajfa-1243	108	28	year	year	NOUN
ajfa-1243	108	29	.	.	PUNCT
ajfa-1243	109	1	therefore	therefore	ADV
ajfa-1243	109	2	,	,	PUNCT
ajfa-1243	109	3	using	use	VERB
ajfa-1243	109	4	the	the	DET
ajfa-1243	109	5	year	year	NOUN
ajfa-1243	109	6	2008	2008	NUM
ajfa-1243	109	7	as	as	ADP
ajfa-1243	109	8	a	a	DET
ajfa-1243	109	9	benchmark	benchmark	NOUN
ajfa-1243	109	10	,	,	PUNCT
ajfa-1243	109	11	this	this	DET
ajfa-1243	109	12	study	study	NOUN
ajfa-1243	109	13	use	use	VERB
ajfa-1243	109	14	two	two	NUM
ajfa-1243	109	15	sample	sample	NOUN
ajfa-1243	109	16	of	of	ADP
ajfa-1243	109	17	data	datum	NOUN
ajfa-1243	109	18	sets	set	NOUN
ajfa-1243	109	19	.	.	PUNCT
ajfa-1243	110	1	that	that	PRON
ajfa-1243	110	2	is	is	ADV
ajfa-1243	110	3	,	,	PUNCT
ajfa-1243	110	4	the	the	DET
ajfa-1243	110	5	global	global	ADJ
ajfa-1243	110	6	financial	financial	ADJ
ajfa-1243	110	7	crisis	crisis	NOUN
ajfa-1243	110	8	data	datum	NOUN
ajfa-1243	110	9	set	set	VERB
ajfa-1243	110	10	(	(	PUNCT
ajfa-1243	110	11	2009	2009	NUM
ajfa-1243	110	12	)	)	PUNCT
ajfa-1243	110	13	and	and	CCONJ
ajfa-1243	110	14	the	the	DET
ajfa-1243	110	15	before	before	SCONJ
ajfa-1243	110	16	the	the	DET
ajfa-1243	110	17	crisis	crisis	NOUN
ajfa-1243	110	18	dataset	dataset	NOUN
ajfa-1243	110	19	(	(	PUNCT
ajfa-1243	110	20	2007	2007	NUM
ajfa-1243	110	21	)	)	PUNCT
ajfa-1243	110	22	.	.	PUNCT
ajfa-1243	111	1	the	the	DET
ajfa-1243	111	2	data	data	NOUN
ajfa-1243	111	3	is	be	AUX
ajfa-1243	111	4	gathered	gather	VERB
ajfa-1243	111	5	from	from	ADP
ajfa-1243	111	6	two	two	NUM
ajfa-1243	111	7	cse	cse	NOUN
ajfa-1243	111	8	publications	publication	NOUN
ajfa-1243	111	9	(	(	PUNCT
ajfa-1243	111	10	fact	fact	NOUN
ajfa-1243	111	11	book	book	NOUN
ajfa-1243	111	12	2008	2008	NUM
ajfa-1243	111	13	and	and	CCONJ
ajfa-1243	111	14	handbook	handbook	NOUN
ajfa-1243	111	15	of	of	ADP
ajfa-1243	111	16	listed	list	VERB
ajfa-1243	111	17	companies	company	NOUN
ajfa-1243	111	18	2007	2007	NUM
ajfa-1243	111	19	)	)	PUNCT
ajfa-1243	111	20	and	and	CCONJ
ajfa-1243	111	21	individual	individual	ADJ
ajfa-1243	111	22	companies	company	NOUN
ajfa-1243	111	23	’	'	PUNCT
ajfa-1243	111	24	audited	audit	VERB
ajfa-1243	111	25	annual	annual	ADJ
ajfa-1243	111	26	reports	report	NOUN
ajfa-1243	111	27	.	.	PUNCT
ajfa-1243	112	1	as	as	ADP
ajfa-1243	112	2	at	at	ADP
ajfa-1243	112	3	2009	2009	NUM
ajfa-1243	112	4	,	,	PUNCT
ajfa-1243	112	5	the	the	DET
ajfa-1243	112	6	cse	cse	NOUN
ajfa-1243	112	7	had	have	VERB
ajfa-1243	112	8	203	203	NUM
ajfa-1243	112	9	listed	list	VERB
ajfa-1243	112	10	non	non	ADJ
ajfa-1243	112	11	-	-	ADJ
ajfa-1243	112	12	financial	financial	ADJ
ajfa-1243	112	13	companies	company	NOUN
ajfa-1243	112	14	representing	represent	VERB
ajfa-1243	112	15	19	19	NUM
ajfa-1243	112	16	business	business	NOUN
ajfa-1243	112	17	sectors	sector	NOUN
ajfa-1243	112	18	.	.	PUNCT
ajfa-1243	113	1	from	from	ADP
ajfa-1243	113	2	that	that	DET
ajfa-1243	113	3	203	203	NUM
ajfa-1243	113	4	,	,	PUNCT
ajfa-1243	113	5	four	four	NUM
ajfa-1243	113	6	companies	company	NOUN
ajfa-1243	113	7	did	do	AUX
ajfa-1243	113	8	not	not	PART
ajfa-1243	113	9	provide	provide	VERB
ajfa-1243	113	10	all	all	DET
ajfa-1243	113	11	relevant	relevant	ADJ
ajfa-1243	113	12	data	datum	NOUN
ajfa-1243	113	13	.	.	PUNCT
ajfa-1243	114	1	instead	instead	ADV
ajfa-1243	114	2	of	of	ADP
ajfa-1243	114	3	choosing	choose	VERB
ajfa-1243	114	4	a	a	DET
ajfa-1243	114	5	random	random	ADJ
ajfa-1243	114	6	sample	sample	NOUN
ajfa-1243	114	7	,	,	PUNCT
ajfa-1243	114	8	this	this	DET
ajfa-1243	114	9	study	study	NOUN
ajfa-1243	114	10	includes	include	VERB
ajfa-1243	114	11	the	the	DET
ajfa-1243	114	12	remaining	remain	VERB
ajfa-1243	114	13	199	199	NUM
ajfa-1243	114	14	companies	company	NOUN
ajfa-1243	114	15	.	.	PUNCT
ajfa-1243	115	1	dependent	dependent	ADJ
ajfa-1243	115	2	variablefollowing	variablefollowe	VERB
ajfa-1243	115	3	ang	ang	INTJ
ajfa-1243	115	4	et	et	PROPN
ajfa-1243	115	5	al	al	PROPN
ajfa-1243	115	6	.	.	PROPN
ajfa-1243	116	1	(	(	PUNCT
ajfa-1243	116	2	2000	2000	NUM
ajfa-1243	116	3	)	)	PUNCT
ajfa-1243	116	4	and	and	CCONJ
ajfa-1243	116	5	singh	singh	PROPN
ajfa-1243	116	6	&	&	CCONJ
ajfa-1243	116	7	davidson	davidson	PROPN
ajfa-1243	116	8	(	(	PUNCT
ajfa-1243	116	9	2003	2003	NUM
ajfa-1243	116	10	)	)	PUNCT
ajfa-1243	116	11	,	,	PUNCT
ajfa-1243	116	12	the	the	DET
ajfa-1243	116	13	assets	asset	NOUN
ajfa-1243	116	14	utilisation	utilisation	NOUN
ajfa-1243	116	15	ratio	ratio	NOUN
ajfa-1243	116	16	is	be	AUX
ajfa-1243	116	17	used	use	VERB
ajfa-1243	116	18	as	as	ADP
ajfa-1243	116	19	a	a	DET
ajfa-1243	116	20	pa	pa	PROPN
ajfa-1243	116	21	agency	agency	NOUN
ajfa-1243	116	22	proxy	proxy	NOUN
ajfa-1243	116	23	for	for	ADP
ajfa-1243	116	24	this	this	DET
ajfa-1243	116	25	study	study	NOUN
ajfa-1243	116	26	.	.	PUNCT
ajfa-1243	117	1	assets	asset	NOUN
ajfa-1243	117	2	utilisation	utilisation	NOUN
ajfa-1243	117	3	is	be	AUX
ajfa-1243	117	4	defined	define	VERB
ajfa-1243	117	5	as	as	ADP
ajfa-1243	117	6	total	total	ADJ
ajfa-1243	117	7	sales	sale	NOUN
ajfa-1243	117	8	divided	divide	VERB
ajfa-1243	117	9	by	by	ADP
ajfa-1243	117	10	total	total	ADJ
ajfa-1243	117	11	assets	asset	NOUN
ajfa-1243	117	12	.	.	PUNCT
ajfa-1243	118	1	pa	pa	PROPN
ajfa-1243	118	2	agency	agency	PROPN
ajfa-1243	118	3	cost	cost	NOUN
ajfa-1243	118	4	is	be	AUX
ajfa-1243	118	5	inversely	inversely	ADV
ajfa-1243	118	6	related	relate	VERB
ajfa-1243	118	7	with	with	ADP
ajfa-1243	118	8	the	the	DET
ajfa-1243	118	9	assets	asset	NOUN
ajfa-1243	118	10	utilisation	utilisation	NOUN
ajfa-1243	118	11	ratio	ratio	NOUN
ajfa-1243	118	12	.	.	PUNCT
ajfa-1243	119	1	john	john	PROPN
ajfa-1243	119	2	&	&	CCONJ
ajfa-1243	119	3	knyazeva	knyazeva	PROPN
ajfa-1243	119	4	(	(	PUNCT
ajfa-1243	119	5	2006	2006	NUM
ajfa-1243	119	6	)	)	PUNCT
ajfa-1243	119	7	explain	explain	VERB
ajfa-1243	119	8	that	that	SCONJ
ajfa-1243	119	9	when	when	SCONJ
ajfa-1243	119	10	firms	firm	NOUN
ajfa-1243	119	11	have	have	VERB
ajfa-1243	119	12	poor	poor	ADJ
ajfa-1243	119	13	governance	governance	NOUN
ajfa-1243	119	14	they	they	PRON
ajfa-1243	119	15	may	may	AUX
ajfa-1243	119	16	have	have	VERB
ajfa-1243	119	17	a	a	DET
ajfa-1243	119	18	higher	high	ADJ
ajfa-1243	119	19	dividend	dividend	NOUN
ajfa-1243	119	20	payment	payment	NOUN
ajfa-1243	119	21	policy	policy	NOUN
ajfa-1243	119	22	.	.	PUNCT
ajfa-1243	120	1	moreover	moreover	ADV
ajfa-1243	120	2	,	,	PUNCT
ajfa-1243	120	3	deangelo	deangelo	PROPN
ajfa-1243	120	4	&	&	CCONJ
ajfa-1243	120	5	skinner	skinner	PROPN
ajfa-1243	120	6	(	(	PUNCT
ajfa-1243	120	7	2004	2004	NUM
ajfa-1243	120	8	)	)	PUNCT
ajfa-1243	120	9	find	find	VERB
ajfa-1243	120	10	that	that	SCONJ
ajfa-1243	120	11	asian	asian	ADJ
ajfa-1243	120	12	journal	journal	NOUN
ajfa-1243	120	13	of	of	ADP
ajfa-1243	120	14	finance	finance	PROPN
ajfa-1243	120	15	&	&	CCONJ
ajfa-1243	120	16	accounting	accounting	PROPN
ajfa-1243	120	17	issn	issn	PROPN
ajfa-1243	120	18	1946	1946	NUM
ajfa-1243	120	19	-	-	PUNCT
ajfa-1243	120	20	052x	052x	NOUN
ajfa-1243	120	21	2012	2012	NUM
ajfa-1243	120	22	,	,	PUNCT
ajfa-1243	120	23	vol	vol	NOUN
ajfa-1243	120	24	.	.	PROPN
ajfa-1243	121	1	4	4	NUM
ajfa-1243	121	2	,	,	PUNCT
ajfa-1243	121	3	no	no	INTJ
ajfa-1243	121	4	.	.	NOUN
ajfa-1243	121	5	1	1	NUM
ajfa-1243	121	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	121	7	58	58	NUM
ajfa-1243	121	8	firms	firm	NOUN
ajfa-1243	121	9	with	with	ADP
ajfa-1243	121	10	high	high	ADJ
ajfa-1243	121	11	agency	agency	NOUN
ajfa-1243	121	12	conflicts	conflict	NOUN
ajfa-1243	121	13	are	be	AUX
ajfa-1243	121	14	more	more	ADV
ajfa-1243	121	15	likely	likely	ADJ
ajfa-1243	121	16	to	to	PART
ajfa-1243	121	17	pay	pay	VERB
ajfa-1243	121	18	dividends	dividend	NOUN
ajfa-1243	121	19	than	than	ADP
ajfa-1243	121	20	firms	firm	NOUN
ajfa-1243	121	21	with	with	ADP
ajfa-1243	121	22	fewer	few	ADJ
ajfa-1243	121	23	agency	agency	NOUN
ajfa-1243	121	24	conflicts	conflict	NOUN
ajfa-1243	121	25	.	.	PUNCT
ajfa-1243	122	1	therefore	therefore	ADV
ajfa-1243	122	2	,	,	PUNCT
ajfa-1243	122	3	this	this	DET
ajfa-1243	122	4	study	study	NOUN
ajfa-1243	122	5	employed	employ	VERB
ajfa-1243	122	6	dividend	dividend	NOUN
ajfa-1243	122	7	payout	payout	NOUN
ajfa-1243	122	8	ratio	ratio	NOUN
ajfa-1243	122	9	as	as	ADP
ajfa-1243	122	10	proxy	proxy	NOUN
ajfa-1243	122	11	for	for	ADP
ajfa-1243	122	12	pp	pp	PROPN
ajfa-1243	122	13	agency	agency	NOUN
ajfa-1243	122	14	costs	cost	NOUN
ajfa-1243	122	15	.	.	PUNCT
ajfa-1243	123	1	similar	similar	ADJ
ajfa-1243	123	2	to	to	ADP
ajfa-1243	123	3	faccio	faccio	PROPN
ajfa-1243	123	4	et	et	PROPN
ajfa-1243	123	5	al	al	PROPN
ajfa-1243	123	6	.	.	PROPN
ajfa-1243	124	1	(	(	PUNCT
ajfa-1243	124	2	2001	2001	NUM
ajfa-1243	124	3	)	)	PUNCT
ajfa-1243	124	4	,	,	PUNCT
ajfa-1243	124	5	dividend	dividend	NOUN
ajfa-1243	124	6	payout	payout	ADJ
ajfa-1243	124	7	ratio	ratio	NOUN
ajfa-1243	124	8	is	be	AUX
ajfa-1243	124	9	defined	define	VERB
ajfa-1243	124	10	as	as	ADP
ajfa-1243	124	11	total	total	ADJ
ajfa-1243	124	12	dividend	dividend	NOUN
ajfa-1243	124	13	payment	payment	NOUN
ajfa-1243	124	14	divided	divide	VERB
ajfa-1243	124	15	by	by	ADP
ajfa-1243	124	16	net	net	ADJ
ajfa-1243	124	17	sales	sale	NOUN
ajfa-1243	124	18	.	.	PUNCT
ajfa-1243	125	1	explanatory	explanatory	ADJ
ajfa-1243	125	2	variablesas	variablesa	NOUN
ajfa-1243	125	3	proxies	proxy	NOUN
ajfa-1243	125	4	for	for	ADP
ajfa-1243	125	5	the	the	DET
ajfa-1243	125	6	ethnic	ethnic	ADJ
ajfa-1243	125	7	diversity	diversity	NOUN
ajfa-1243	125	8	of	of	ADP
ajfa-1243	125	9	the	the	DET
ajfa-1243	125	10	board	board	NOUN
ajfa-1243	125	11	of	of	ADP
ajfa-1243	125	12	directors	director	NOUN
ajfa-1243	125	13	,	,	PUNCT
ajfa-1243	125	14	two	two	NUM
ajfa-1243	125	15	variables	variable	NOUN
ajfa-1243	125	16	were	be	AUX
ajfa-1243	125	17	used	use	VERB
ajfa-1243	125	18	.	.	PUNCT
ajfa-1243	126	1	the	the	DET
ajfa-1243	126	2	first	first	ADJ
ajfa-1243	126	3	variable	variable	NOUN
ajfa-1243	126	4	is	be	AUX
ajfa-1243	126	5	the	the	DET
ajfa-1243	126	6	percentage	percentage	NOUN
ajfa-1243	126	7	of	of	ADP
ajfa-1243	126	8	minority	minority	NOUN
ajfa-1243	126	9	directors	director	NOUN
ajfa-1243	126	10	(	(	PUNCT
ajfa-1243	126	11	mino	mino	PROPN
ajfa-1243	126	12	)	)	PUNCT
ajfa-1243	126	13	on	on	ADP
ajfa-1243	126	14	the	the	DET
ajfa-1243	126	15	board	board	NOUN
ajfa-1243	126	16	.	.	PUNCT
ajfa-1243	127	1	this	this	PRON
ajfa-1243	127	2	is	be	AUX
ajfa-1243	127	3	calculated	calculate	VERB
ajfa-1243	127	4	as	as	ADP
ajfa-1243	127	5	the	the	DET
ajfa-1243	127	6	number	number	NOUN
ajfa-1243	127	7	of	of	ADP
ajfa-1243	127	8	minority	minority	NOUN
ajfa-1243	127	9	directors	director	NOUN
ajfa-1243	127	10	divided	divide	VERB
ajfa-1243	127	11	by	by	ADP
ajfa-1243	127	12	the	the	DET
ajfa-1243	127	13	total	total	ADJ
ajfa-1243	127	14	number	number	NOUN
ajfa-1243	127	15	of	of	ADP
ajfa-1243	127	16	board	board	NOUN
ajfa-1243	127	17	directors	director	NOUN
ajfa-1243	127	18	.	.	PUNCT
ajfa-1243	128	1	the	the	DET
ajfa-1243	128	2	second	second	ADJ
ajfa-1243	128	3	variable	variable	NOUN
ajfa-1243	128	4	is	be	AUX
ajfa-1243	128	5	dummy	dummy	ADJ
ajfa-1243	128	6	variable	variable	NOUN
ajfa-1243	128	7	(	(	PUNCT
ajfa-1243	128	8	dmino	dmino	NOUN
ajfa-1243	128	9	)	)	PUNCT
ajfa-1243	128	10	,	,	PUNCT
ajfa-1243	128	11	which	which	PRON
ajfa-1243	128	12	takes	take	VERB
ajfa-1243	128	13	a	a	DET
ajfa-1243	128	14	value	value	NOUN
ajfa-1243	128	15	of	of	ADP
ajfa-1243	128	16	1	1	NUM
ajfa-1243	128	17	when	when	SCONJ
ajfa-1243	128	18	at	at	ADV
ajfa-1243	128	19	least	least	ADV
ajfa-1243	128	20	one	one	NUM
ajfa-1243	128	21	minority	minority	NOUN
ajfa-1243	128	22	director	director	NOUN
ajfa-1243	128	23	is	be	AUX
ajfa-1243	128	24	present	present	ADJ
ajfa-1243	128	25	on	on	ADP
ajfa-1243	128	26	the	the	DET
ajfa-1243	128	27	board	board	NOUN
ajfa-1243	128	28	and	and	CCONJ
ajfa-1243	128	29	0	0	NUM
ajfa-1243	128	30	otherwise	otherwise	ADV
ajfa-1243	128	31	.	.	PUNCT
ajfa-1243	129	1	the	the	DET
ajfa-1243	129	2	following	follow	VERB
ajfa-1243	129	3	variables	variable	NOUN
ajfa-1243	129	4	are	be	AUX
ajfa-1243	129	5	included	include	VERB
ajfa-1243	129	6	in	in	ADP
ajfa-1243	129	7	this	this	DET
ajfa-1243	129	8	study	study	NOUN
ajfa-1243	129	9	.	.	PUNCT
ajfa-1243	130	1	board	board	NOUN
ajfa-1243	130	2	size	size	NOUN
ajfa-1243	130	3	(	(	PUNCT
ajfa-1243	130	4	board	board	NOUN
ajfa-1243	130	5	)	)	PUNCT
ajfa-1243	130	6	,	,	PUNCT
ajfa-1243	130	7	defined	define	VERB
ajfa-1243	130	8	as	as	ADP
ajfa-1243	130	9	logarithm	logarithm	NOUN
ajfa-1243	130	10	of	of	ADP
ajfa-1243	130	11	the	the	DET
ajfa-1243	130	12	total	total	ADJ
ajfa-1243	130	13	number	number	NOUN
ajfa-1243	130	14	of	of	ADP
ajfa-1243	130	15	directors	director	NOUN
ajfa-1243	130	16	.	.	PUNCT
ajfa-1243	131	1	owner	owner	NOUN
ajfa-1243	131	2	is	be	AUX
ajfa-1243	131	3	dummy	dummy	ADJ
ajfa-1243	131	4	variable	variable	NOUN
ajfa-1243	131	5	,	,	PUNCT
ajfa-1243	131	6	which	which	PRON
ajfa-1243	131	7	takes	take	VERB
ajfa-1243	131	8	a	a	DET
ajfa-1243	131	9	value	value	NOUN
ajfa-1243	131	10	1	1	NUM
ajfa-1243	131	11	if	if	SCONJ
ajfa-1243	131	12	company	company	NOUN
ajfa-1243	131	13	is	be	AUX
ajfa-1243	131	14	local	local	ADJ
ajfa-1243	131	15	,	,	PUNCT
ajfa-1243	131	16	otherwise	otherwise	ADV
ajfa-1243	131	17	0	0	X
ajfa-1243	131	18	.	.	PUNCT
ajfa-1243	132	1	leverage	leverage	NOUN
ajfa-1243	132	2	is	be	AUX
ajfa-1243	132	3	calculated	calculate	VERB
ajfa-1243	132	4	as	as	SCONJ
ajfa-1243	132	5	the	the	DET
ajfa-1243	132	6	ratio	ratio	NOUN
ajfa-1243	132	7	of	of	ADP
ajfa-1243	132	8	total	total	ADJ
ajfa-1243	132	9	debts	debt	NOUN
ajfa-1243	132	10	to	to	ADP
ajfa-1243	132	11	total	total	ADJ
ajfa-1243	132	12	assets	asset	NOUN
ajfa-1243	132	13	(	(	PUNCT
ajfa-1243	132	14	debt	debt	NOUN
ajfa-1243	132	15	)	)	PUNCT
ajfa-1243	132	16	,	,	PUNCT
ajfa-1243	132	17	firm	firm	ADJ
ajfa-1243	132	18	size	size	NOUN
ajfa-1243	132	19	(	(	PUNCT
ajfa-1243	132	20	lnsales	lnsales	PROPN
ajfa-1243	132	21	)	)	PUNCT
ajfa-1243	132	22	is	be	AUX
ajfa-1243	132	23	defined	define	VERB
ajfa-1243	132	24	as	as	ADP
ajfa-1243	132	25	logarithm	logarithm	NOUN
ajfa-1243	132	26	of	of	ADP
ajfa-1243	132	27	the	the	DET
ajfa-1243	132	28	total	total	ADJ
ajfa-1243	132	29	sales	sale	NOUN
ajfa-1243	132	30	of	of	ADP
ajfa-1243	132	31	the	the	DET
ajfa-1243	132	32	company	company	NOUN
ajfa-1243	132	33	.	.	PUNCT
ajfa-1243	133	1	as	as	ADP
ajfa-1243	133	2	a	a	DET
ajfa-1243	133	3	performance	performance	NOUN
ajfa-1243	133	4	measure	measure	NOUN
ajfa-1243	133	5	,	,	PUNCT
ajfa-1243	133	6	the	the	DET
ajfa-1243	133	7	return	return	NOUN
ajfa-1243	133	8	on	on	ADP
ajfa-1243	133	9	assets	asset	NOUN
ajfa-1243	133	10	(	(	PUNCT
ajfa-1243	133	11	roa	roa	NOUN
ajfa-1243	133	12	)	)	PUNCT
ajfa-1243	133	13	and	and	CCONJ
ajfa-1243	133	14	firm	firm	ADJ
ajfa-1243	133	15	maturity	maturity	NOUN
ajfa-1243	133	16	(	(	PUNCT
ajfa-1243	133	17	age	age	NOUN
ajfa-1243	133	18	)	)	PUNCT
ajfa-1243	133	19	are	be	AUX
ajfa-1243	133	20	measured	measure	VERB
ajfa-1243	133	21	by	by	ADP
ajfa-1243	133	22	the	the	DET
ajfa-1243	133	23	number	number	NOUN
ajfa-1243	133	24	of	of	ADP
ajfa-1243	133	25	years	year	NOUN
ajfa-1243	133	26	operating	operate	VERB
ajfa-1243	133	27	in	in	ADP
ajfa-1243	133	28	the	the	DET
ajfa-1243	133	29	industry	industry	NOUN
ajfa-1243	133	30	.	.	PUNCT
ajfa-1243	134	1	descriptive	descriptive	ADJ
ajfa-1243	134	2	statistics	statistic	NOUN
ajfa-1243	134	3	for	for	ADP
ajfa-1243	134	4	all	all	DET
ajfa-1243	134	5	variables	variable	NOUN
ajfa-1243	134	6	are	be	AUX
ajfa-1243	134	7	presented	present	VERB
ajfa-1243	134	8	in	in	ADP
ajfa-1243	134	9	table	table	NOUN
ajfa-1243	134	10	i.	i.	NOUN
ajfa-1243	134	11	table	table	NOUN
ajfa-1243	134	12	1	1	NUM
ajfa-1243	134	13	.	.	PUNCT
ajfa-1243	134	14	descriptive	descriptive	ADJ
ajfa-1243	134	15	statistics	statistic	NOUN
ajfa-1243	134	16	variable	variable	ADJ
ajfa-1243	134	17	obs	obs	PROPN
ajfa-1243	134	18	mean	mean	VERB
ajfa-1243	134	19	crisis	crisis	PROPN
ajfa-1243	134	20	st	st	PROPN
ajfa-1243	134	21	.	.	PROPN
ajfa-1243	134	22	dev	dev	PROPN
ajfa-1243	134	23	crisis	crisis	NOUN
ajfa-1243	134	24	mean	mean	ADJ
ajfa-1243	134	25	-	-	PUNCT
ajfa-1243	134	26	health	health	PROPN
ajfa-1243	134	27	st	st	PROPN
ajfa-1243	134	28	.	.	PROPN
ajfa-1243	134	29	dev	dev	PROPN
ajfa-1243	134	30	crisis	crisis	NOUN
ajfa-1243	134	31	pa	pa	PROPN
ajfa-1243	134	32	197	197	NUM
ajfa-1243	135	1	.8642145	.8642145	NOUN
ajfa-1243	135	2	.7122445	.7122445	PROPN
ajfa-1243	135	3	.872132	.872132	PROPN
ajfa-1243	136	1	0.738975	0.738975	NUM
ajfa-1243	136	2	pp	pp	ADV
ajfa-1243	136	3	197	197	NUM
ajfa-1243	136	4	.125082	.125082	NOUN
ajfa-1243	137	1	.5089497	.5089497	PROPN
ajfa-1243	137	2	.093886	.093886	PRON
ajfa-1243	138	1	0.365995	0.365995	PRON
ajfa-1243	138	2	mino	mino	VERB
ajfa-1243	138	3	196	196	NUM
ajfa-1243	138	4	.3984105	.3984105	PROPN
ajfa-1243	138	5	.2704389	.2704389	PROPN
ajfa-1243	138	6	.395126	.395126	PROPN
ajfa-1243	138	7	.2641468	.2641468	PROPN
ajfa-1243	138	8	dmino	dmino	PROPN
ajfa-1243	139	1	196	196	NUM
ajfa-1243	139	2	.877551	.877551	NUM
ajfa-1243	140	1	.3286431	.3286431	PROPN
ajfa-1243	140	2	.873684	.873684	PROPN
ajfa-1243	141	1	.33384	.33384	PROPN
ajfa-1243	141	2	board	board	PROPN
ajfa-1243	141	3	194	194	NUM
ajfa-1243	141	4	7.309278	7.309278	NUM
ajfa-1243	141	5	2.001869	2.001869	NUM
ajfa-1243	141	6	7.25883	7.25883	NUM
ajfa-1243	141	7	1.954178	1.954178	NUM
ajfa-1243	141	8	owner	owner	NOUN
ajfa-1243	141	9	199	199	NUM
ajfa-1243	141	10	.567	.567	NUM
ajfa-1243	141	11	.4966258	.4966258	PROPN
ajfa-1243	141	12	.5678939	.5678939	PROPN
ajfa-1243	142	1	.496626	.496626	PROPN
ajfa-1243	142	2	lnsales	lnsales	PROPN
ajfa-1243	142	3	197	197	NUM
ajfa-1243	142	4	13.53964	13.53964	NUM
ajfa-1243	142	5	2.237536	2.237536	NUM
ajfa-1243	142	6	13.36782	13.36782	NUM
ajfa-1243	142	7	2.238855	2.238855	NUM
ajfa-1243	142	8	lndebt	lndebt	NOUN
ajfa-1243	142	9	199	199	NUM
ajfa-1243	143	1	.2336866	.2336866	PROPN
ajfa-1243	143	2	.19302	.19302	PROPN
ajfa-1243	144	1	.3099313	.3099313	PUNCT
ajfa-1243	145	1	0.193580	0.193580	NUM
ajfa-1243	145	2	roa	roa	NOUN
ajfa-1243	145	3	198	198	NUM
ajfa-1243	145	4	.0249774	.0249774	NOUN
ajfa-1243	145	5	.0776468	.0776468	NUM
ajfa-1243	145	6	.034171	.034171	NOUN
ajfa-1243	145	7	0.082983	0.082983	NUM
ajfa-1243	145	8	lnage	lnage	NOUN
ajfa-1243	145	9	197	197	NUM
ajfa-1243	145	10	.1680019	.1680019	CCONJ
ajfa-1243	145	11	.758504	.758504	PROPN
ajfa-1243	145	12	0.153698	0.153698	NUM
ajfa-1243	145	13	0.700688	0.700688	NUM
ajfa-1243	145	14	table	table	NOUN
ajfa-1243	145	15	1	1	NUM
ajfa-1243	145	16	indicates	indicate	VERB
ajfa-1243	145	17	descriptive	descriptive	ADJ
ajfa-1243	145	18	statistics	statistic	NOUN
ajfa-1243	145	19	of	of	ADP
ajfa-1243	145	20	variables	variable	NOUN
ajfa-1243	145	21	.	.	PUNCT
ajfa-1243	146	1	statistics	statistic	NOUN
ajfa-1243	146	2	for	for	ADP
ajfa-1243	146	3	each	each	DET
ajfa-1243	146	4	variable	variable	NOUN
ajfa-1243	146	5	in	in	ADP
ajfa-1243	146	6	the	the	DET
ajfa-1243	146	7	global	global	ADJ
ajfa-1243	146	8	financial	financial	ADJ
ajfa-1243	146	9	crisis	crisis	NOUN
ajfa-1243	146	10	period	period	NOUN
ajfa-1243	146	11	and	and	CCONJ
ajfa-1243	146	12	economically	economically	ADV
ajfa-1243	146	13	stable	stable	ADJ
ajfa-1243	146	14	period	period	NOUN
ajfa-1243	146	15	are	be	AUX
ajfa-1243	146	16	reported	report	VERB
ajfa-1243	146	17	separately	separately	ADV
ajfa-1243	146	18	.	.	PUNCT
ajfa-1243	147	1	overall	overall	ADJ
ajfa-1243	147	2	results	result	NOUN
ajfa-1243	147	3	indicate	indicate	VERB
ajfa-1243	147	4	there	there	PRON
ajfa-1243	147	5	is	be	VERB
ajfa-1243	147	6	no	no	DET
ajfa-1243	147	7	significant	significant	ADJ
ajfa-1243	147	8	difference	difference	NOUN
ajfa-1243	147	9	in	in	ADP
ajfa-1243	147	10	board	board	NOUN
ajfa-1243	147	11	and	and	CCONJ
ajfa-1243	147	12	firm	firm	ADJ
ajfa-1243	147	13	characteristics	characteristic	NOUN
ajfa-1243	147	14	in	in	ADP
ajfa-1243	147	15	these	these	DET
ajfa-1243	147	16	two	two	NUM
ajfa-1243	147	17	time	time	NOUN
ajfa-1243	147	18	periods	period	NOUN
ajfa-1243	147	19	.	.	PUNCT
ajfa-1243	148	1	however	however	ADV
ajfa-1243	148	2	,	,	PUNCT
ajfa-1243	148	3	results	result	NOUN
ajfa-1243	148	4	shows	show	VERB
ajfa-1243	148	5	that	that	SCONJ
ajfa-1243	148	6	slightly	slightly	ADV
ajfa-1243	148	7	higher	high	ADJ
ajfa-1243	148	8	pa	pa	PROPN
ajfa-1243	148	9	and	and	CCONJ
ajfa-1243	148	10	pp	pp	PROPN
ajfa-1243	148	11	agency	agency	NOUN
ajfa-1243	148	12	costs	cost	NOUN
ajfa-1243	148	13	occur	occur	VERB
ajfa-1243	148	14	in	in	ADP
ajfa-1243	148	15	a	a	DET
ajfa-1243	148	16	global	global	ADJ
ajfa-1243	148	17	financial	financial	ADJ
ajfa-1243	148	18	crisis	crisis	NOUN
ajfa-1243	148	19	.	.	PUNCT
ajfa-1243	149	1	this	this	PRON
ajfa-1243	149	2	may	may	AUX
ajfa-1243	149	3	be	be	AUX
ajfa-1243	149	4	because	because	SCONJ
ajfa-1243	149	5	a	a	DET
ajfa-1243	149	6	global	global	ADJ
ajfa-1243	149	7	financial	financial	ADJ
ajfa-1243	149	8	crisis	crisis	NOUN
ajfa-1243	149	9	leads	lead	VERB
ajfa-1243	149	10	to	to	ADP
ajfa-1243	149	11	high	high	ADJ
ajfa-1243	149	12	information	information	NOUN
ajfa-1243	149	13	asymmetry	asymmetry	NOUN
ajfa-1243	149	14	problems	problem	NOUN
ajfa-1243	149	15	.	.	PUNCT
ajfa-1243	150	1	this	this	PRON
ajfa-1243	150	2	is	be	AUX
ajfa-1243	150	3	confirmed	confirm	VERB
ajfa-1243	150	4	by	by	ADP
ajfa-1243	150	5	renaud	renaud	PROPN
ajfa-1243	150	6	(	(	PUNCT
ajfa-1243	150	7	2003	2003	NUM
ajfa-1243	150	8	)	)	PUNCT
ajfa-1243	150	9	who	who	PRON
ajfa-1243	150	10	explains	explain	VERB
ajfa-1243	150	11	that	that	SCONJ
ajfa-1243	150	12	during	during	ADP
ajfa-1243	150	13	the	the	DET
ajfa-1243	150	14	crisis	crisis	NOUN
ajfa-1243	150	15	and	and	CCONJ
ajfa-1243	150	16	due	due	ADP
ajfa-1243	150	17	to	to	ADP
ajfa-1243	150	18	a	a	DET
ajfa-1243	150	19	lack	lack	NOUN
ajfa-1243	150	20	of	of	ADP
ajfa-1243	150	21	limited	limited	ADJ
ajfa-1243	150	22	liable	liable	ADJ
ajfa-1243	150	23	information	information	NOUN
ajfa-1243	150	24	,	,	PUNCT
ajfa-1243	150	25	agency	agency	NOUN
ajfa-1243	150	26	conflict	conflict	NOUN
ajfa-1243	150	27	increases	increase	NOUN
ajfa-1243	150	28	in	in	ADP
ajfa-1243	150	29	emerging	emerge	VERB
ajfa-1243	150	30	economies	economy	NOUN
ajfa-1243	150	31	.	.	PUNCT
ajfa-1243	151	1	considering	consider	VERB
ajfa-1243	151	2	the	the	DET
ajfa-1243	151	3	explanatory	explanatory	ADJ
ajfa-1243	151	4	variables	variable	NOUN
ajfa-1243	151	5	,	,	PUNCT
ajfa-1243	151	6	results	result	NOUN
ajfa-1243	151	7	indicate	indicate	VERB
ajfa-1243	151	8	that	that	SCONJ
ajfa-1243	151	9	firms	firm	NOUN
ajfa-1243	151	10	employ	employ	VERB
ajfa-1243	151	11	more	more	ADJ
ajfa-1243	151	12	minority	minority	NOUN
ajfa-1243	151	13	directors	director	NOUN
ajfa-1243	151	14	in	in	ADP
ajfa-1243	151	15	recession	recession	NOUN
ajfa-1243	151	16	time	time	NOUN
ajfa-1243	151	17	.	.	PUNCT
ajfa-1243	152	1	additionally	additionally	ADV
ajfa-1243	152	2	,	,	PUNCT
ajfa-1243	152	3	the	the	DET
ajfa-1243	152	4	dmino	dmino	NOUN
ajfa-1243	152	5	variable	variable	NOUN
ajfa-1243	152	6	indicates	indicate	VERB
ajfa-1243	152	7	that	that	SCONJ
ajfa-1243	152	8	in	in	ADP
ajfa-1243	152	9	a	a	DET
ajfa-1243	152	10	global	global	ADJ
ajfa-1243	152	11	financial	financial	ADJ
ajfa-1243	152	12	crisis	crisis	NOUN
ajfa-1243	152	13	sri	sri	PROPN
ajfa-1243	152	14	lankan	lankan	PROPN
ajfa-1243	152	15	listed	list	VERB
ajfa-1243	152	16	firms	firm	NOUN
ajfa-1243	152	17	try	try	VERB
ajfa-1243	152	18	to	to	PART
ajfa-1243	152	19	recruit	recruit	VERB
ajfa-1243	152	20	at	at	ADV
ajfa-1243	152	21	least	least	ADV
ajfa-1243	152	22	one	one	NUM
ajfa-1243	152	23	minority	minority	NOUN
ajfa-1243	152	24	director	director	NOUN
ajfa-1243	152	25	.	.	PUNCT
ajfa-1243	153	1	it	it	PRON
ajfa-1243	153	2	asian	asian	ADJ
ajfa-1243	153	3	journal	journal	NOUN
ajfa-1243	153	4	of	of	ADP
ajfa-1243	153	5	finance	finance	PROPN
ajfa-1243	153	6	&	&	CCONJ
ajfa-1243	153	7	accounting	accounting	PROPN
ajfa-1243	153	8	issn	issn	PROPN
ajfa-1243	153	9	1946	1946	NUM
ajfa-1243	153	10	-	-	PUNCT
ajfa-1243	153	11	052x	052x	NOUN
ajfa-1243	153	12	2012	2012	NUM
ajfa-1243	153	13	,	,	PUNCT
ajfa-1243	153	14	vol	vol	NOUN
ajfa-1243	153	15	.	.	PROPN
ajfa-1243	153	16	4	4	NUM
ajfa-1243	153	17	,	,	PUNCT
ajfa-1243	153	18	no	no	INTJ
ajfa-1243	153	19	.	.	NOUN
ajfa-1243	153	20	1	1	NUM
ajfa-1243	153	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	153	22	59	59	NUM
ajfa-1243	153	23	may	may	AUX
ajfa-1243	153	24	be	be	AUX
ajfa-1243	153	25	firms	firm	NOUN
ajfa-1243	153	26	believe	believe	VERB
ajfa-1243	153	27	that	that	SCONJ
ajfa-1243	153	28	through	through	ADP
ajfa-1243	153	29	a	a	DET
ajfa-1243	153	30	diversified	diversified	ADJ
ajfa-1243	153	31	board	board	NOUN
ajfa-1243	153	32	with	with	ADP
ajfa-1243	153	33	a	a	DET
ajfa-1243	153	34	full	full	ADJ
ajfa-1243	153	35	range	range	NOUN
ajfa-1243	153	36	of	of	ADP
ajfa-1243	153	37	talent	talent	NOUN
ajfa-1243	153	38	and	and	CCONJ
ajfa-1243	153	39	expertise	expertise	NOUN
ajfa-1243	153	40	,	,	PUNCT
ajfa-1243	153	41	managers	manager	NOUN
ajfa-1243	153	42	can	can	AUX
ajfa-1243	153	43	improve	improve	VERB
ajfa-1243	153	44	firm	firm	ADJ
ajfa-1243	153	45	performance	performance	NOUN
ajfa-1243	153	46	in	in	ADP
ajfa-1243	153	47	an	an	DET
ajfa-1243	153	48	economic	economic	ADJ
ajfa-1243	153	49	downturn	downturn	NOUN
ajfa-1243	153	50	(	(	PUNCT
ajfa-1243	153	51	“	"	PUNCT
ajfa-1243	153	52	corporate	corporate	ADJ
ajfa-1243	153	53	governance	governance	NOUN
ajfa-1243	153	54	”	"	PUNCT
ajfa-1243	153	55	,	,	PUNCT
ajfa-1243	153	56	2011	2011	NUM
ajfa-1243	153	57	)	)	PUNCT
ajfa-1243	153	58	.	.	PUNCT
ajfa-1243	154	1	it	it	PRON
ajfa-1243	154	2	may	may	AUX
ajfa-1243	154	3	also	also	ADV
ajfa-1243	154	4	be	be	AUX
ajfa-1243	154	5	that	that	SCONJ
ajfa-1243	154	6	in	in	ADP
ajfa-1243	154	7	a	a	DET
ajfa-1243	154	8	global	global	ADJ
ajfa-1243	154	9	financial	financial	ADJ
ajfa-1243	154	10	crisis	crisis	NOUN
ajfa-1243	154	11	boards	board	NOUN
ajfa-1243	154	12	with	with	ADP
ajfa-1243	154	13	more	more	ADJ
ajfa-1243	154	14	ethnic	ethnic	ADJ
ajfa-1243	154	15	minorities	minority	NOUN
ajfa-1243	154	16	equip	equip	VERB
ajfa-1243	154	17	a	a	DET
ajfa-1243	154	18	company	company	NOUN
ajfa-1243	154	19	better	well	ADV
ajfa-1243	154	20	to	to	PART
ajfa-1243	154	21	serve	serve	VERB
ajfa-1243	154	22	customers	customer	NOUN
ajfa-1243	154	23	from	from	ADP
ajfa-1243	154	24	different	different	ADJ
ajfa-1243	154	25	cultural	cultural	ADJ
ajfa-1243	154	26	backgrounds	background	NOUN
ajfa-1243	154	27	(	(	PUNCT
ajfa-1243	154	28	fields	field	NOUN
ajfa-1243	154	29	,	,	PUNCT
ajfa-1243	154	30	2011	2011	NUM
ajfa-1243	154	31	)	)	PUNCT
ajfa-1243	154	32	.	.	PUNCT
ajfa-1243	155	1	further	further	ADJ
ajfa-1243	155	2	descriptive	descriptive	ADJ
ajfa-1243	155	3	statistics	statistic	NOUN
ajfa-1243	155	4	indicate	indicate	VERB
ajfa-1243	155	5	that	that	SCONJ
ajfa-1243	155	6	in	in	ADP
ajfa-1243	155	7	a	a	DET
ajfa-1243	155	8	global	global	ADJ
ajfa-1243	155	9	financial	financial	ADJ
ajfa-1243	155	10	crisis	crisis	NOUN
ajfa-1243	155	11	board	board	NOUN
ajfa-1243	155	12	size	size	NOUN
ajfa-1243	155	13	is	be	AUX
ajfa-1243	155	14	slightly	slightly	ADV
ajfa-1243	155	15	higher	high	ADJ
ajfa-1243	155	16	than	than	ADP
ajfa-1243	155	17	in	in	ADP
ajfa-1243	155	18	non	non	ADJ
ajfa-1243	155	19	-	-	ADJ
ajfa-1243	155	20	financial	financial	ADJ
ajfa-1243	155	21	crisis	crisis	NOUN
ajfa-1243	155	22	periods	period	NOUN
ajfa-1243	155	23	.	.	PUNCT
ajfa-1243	156	1	this	this	PRON
ajfa-1243	156	2	may	may	AUX
ajfa-1243	156	3	be	be	AUX
ajfa-1243	156	4	due	due	ADJ
ajfa-1243	156	5	to	to	ADP
ajfa-1243	156	6	more	more	ADJ
ajfa-1243	156	7	ethnic	ethnic	ADJ
ajfa-1243	156	8	minority	minority	NOUN
ajfa-1243	156	9	recruitment	recruitment	NOUN
ajfa-1243	156	10	in	in	ADP
ajfa-1243	156	11	financial	financial	ADJ
ajfa-1243	156	12	crisis	crisis	NOUN
ajfa-1243	156	13	time	time	NOUN
ajfa-1243	156	14	,	,	PUNCT
ajfa-1243	156	15	and	and	CCONJ
ajfa-1243	156	16	so	so	ADV
ajfa-1243	156	17	board	board	NOUN
ajfa-1243	156	18	size	size	NOUN
ajfa-1243	156	19	may	may	AUX
ajfa-1243	156	20	increase	increase	VERB
ajfa-1243	156	21	along	along	ADV
ajfa-1243	156	22	with	with	ADP
ajfa-1243	156	23	board	board	NOUN
ajfa-1243	156	24	diversity	diversity	NOUN
ajfa-1243	156	25	.	.	PUNCT
ajfa-1243	157	1	considering	consider	VERB
ajfa-1243	157	2	control	control	NOUN
ajfa-1243	157	3	variables	variable	NOUN
ajfa-1243	157	4	,	,	PUNCT
ajfa-1243	157	5	except	except	SCONJ
ajfa-1243	157	6	firm	firm	ADJ
ajfa-1243	157	7	debt	debt	NOUN
ajfa-1243	157	8	level	level	NOUN
ajfa-1243	157	9	,	,	PUNCT
ajfa-1243	157	10	other	other	ADJ
ajfa-1243	157	11	variables	variable	NOUN
ajfa-1243	157	12	’	'	PUNCT
ajfa-1243	157	13	mean	mean	ADJ
ajfa-1243	157	14	values	value	NOUN
ajfa-1243	157	15	do	do	AUX
ajfa-1243	157	16	not	not	PART
ajfa-1243	157	17	show	show	VERB
ajfa-1243	157	18	significant	significant	ADJ
ajfa-1243	157	19	difference	difference	NOUN
ajfa-1243	157	20	between	between	ADP
ajfa-1243	157	21	global	global	ADJ
ajfa-1243	157	22	financial	financial	ADJ
ajfa-1243	157	23	crisis	crisis	NOUN
ajfa-1243	157	24	and	and	CCONJ
ajfa-1243	157	25	non	non	ADJ
ajfa-1243	157	26	-	-	ADJ
ajfa-1243	157	27	financial	financial	ADJ
ajfa-1243	157	28	crisis	crisis	NOUN
ajfa-1243	157	29	time	time	NOUN
ajfa-1243	157	30	.	.	PUNCT
ajfa-1243	158	1	however	however	ADV
ajfa-1243	158	2	,	,	PUNCT
ajfa-1243	158	3	firms	firm	NOUN
ajfa-1243	158	4	debt	debt	NOUN
ajfa-1243	158	5	indicates	indicate	VERB
ajfa-1243	158	6	that	that	SCONJ
ajfa-1243	158	7	companies	company	NOUN
ajfa-1243	158	8	acquire	acquire	VERB
ajfa-1243	158	9	less	less	ADJ
ajfa-1243	158	10	debt	debt	NOUN
ajfa-1243	158	11	in	in	ADP
ajfa-1243	158	12	recession	recession	NOUN
ajfa-1243	158	13	.	.	PUNCT
ajfa-1243	159	1	this	this	PRON
ajfa-1243	159	2	may	may	AUX
ajfa-1243	159	3	be	be	AUX
ajfa-1243	159	4	because	because	SCONJ
ajfa-1243	159	5	tighter	tight	ADJ
ajfa-1243	159	6	monitoring	monitoring	NOUN
ajfa-1243	159	7	during	during	ADP
ajfa-1243	159	8	a	a	DET
ajfa-1243	159	9	recession	recession	NOUN
ajfa-1243	159	10	leads	lead	VERB
ajfa-1243	159	11	to	to	ADP
ajfa-1243	159	12	a	a	DET
ajfa-1243	159	13	decline	decline	NOUN
ajfa-1243	159	14	in	in	ADP
ajfa-1243	159	15	accessing	access	VERB
ajfa-1243	159	16	bank	bank	NOUN
ajfa-1243	159	17	debt	debt	NOUN
ajfa-1243	159	18	(	(	PUNCT
ajfa-1243	159	19	borensztein	borensztein	PROPN
ajfa-1243	159	20	&	&	CCONJ
ajfa-1243	159	21	lee	lee	PROPN
ajfa-1243	159	22	,	,	PUNCT
ajfa-1243	159	23	2002	2002	NUM
ajfa-1243	159	24	)	)	PUNCT
ajfa-1243	159	25	.	.	PUNCT
ajfa-1243	160	1	this	this	PRON
ajfa-1243	160	2	may	may	AUX
ajfa-1243	160	3	be	be	AUX
ajfa-1243	160	4	significant	significant	ADJ
ajfa-1243	160	5	in	in	ADP
ajfa-1243	160	6	sri	sri	ADJ
ajfa-1243	160	7	lankan	lankan	PROPN
ajfa-1243	160	8	markets	market	NOUN
ajfa-1243	160	9	because	because	SCONJ
ajfa-1243	160	10	banks	bank	NOUN
ajfa-1243	160	11	remain	remain	VERB
ajfa-1243	160	12	the	the	DET
ajfa-1243	160	13	main	main	ADJ
ajfa-1243	160	14	provider	provider	NOUN
ajfa-1243	160	15	of	of	ADP
ajfa-1243	160	16	debt	debt	NOUN
ajfa-1243	160	17	(	(	PUNCT
ajfa-1243	160	18	colombage	colombage	NOUN
ajfa-1243	160	19	,	,	PUNCT
ajfa-1243	160	20	2007	2007	NUM
ajfa-1243	160	21	)	)	PUNCT
ajfa-1243	160	22	.	.	PUNCT
ajfa-1243	161	1	figure	figure	VERB
ajfa-1243	161	2	1.2	1.2	NUM
ajfa-1243	161	3	further	far	ADV
ajfa-1243	161	4	elaborates	elaborate	VERB
ajfa-1243	161	5	pa	pa	PROPN
ajfa-1243	161	6	and	and	CCONJ
ajfa-1243	161	7	pp	pp	PROPN
ajfa-1243	161	8	agency	agency	NOUN
ajfa-1243	161	9	costs	cost	VERB
ajfa-1243	161	10	variables	variable	NOUN
ajfa-1243	161	11	and	and	CCONJ
ajfa-1243	161	12	board	board	NOUN
ajfa-1243	161	13	ethnic	ethnic	ADJ
ajfa-1243	161	14	diversity1	diversity1	NOUN
ajfa-1243	161	15	variable	variable	ADJ
ajfa-1243	161	16	behaviour	behaviour	NOUN
ajfa-1243	161	17	in	in	ADP
ajfa-1243	161	18	global	global	ADJ
ajfa-1243	161	19	financial	financial	ADJ
ajfa-1243	161	20	crisis	crisis	NOUN
ajfa-1243	161	21	and	and	CCONJ
ajfa-1243	161	22	non	non	ADJ
ajfa-1243	161	23	-	-	ADJ
ajfa-1243	161	24	global	global	ADJ
ajfa-1243	161	25	financial	financial	ADJ
ajfa-1243	161	26	crisis	crisis	NOUN
ajfa-1243	161	27	periods	period	NOUN
ajfa-1243	161	28	in	in	ADP
ajfa-1243	161	29	sri	sri	PROPN
ajfa-1243	161	30	lankan	lankan	PROPN
ajfa-1243	161	31	listed	list	VERB
ajfa-1243	161	32	firms	firm	NOUN
ajfa-1243	161	33	.	.	PUNCT
ajfa-1243	162	1	a	a	DET
ajfa-1243	162	2	kernel	kernel	NOUN
ajfa-1243	162	3	density	density	NOUN
ajfa-1243	162	4	graph	graph	NOUN
ajfa-1243	162	5	indicates	indicate	VERB
ajfa-1243	162	6	there	there	PRON
ajfa-1243	162	7	is	be	VERB
ajfa-1243	162	8	similar	similar	ADJ
ajfa-1243	162	9	pattern	pattern	NOUN
ajfa-1243	162	10	of	of	ADP
ajfa-1243	162	11	pa	pa	PROPN
ajfa-1243	162	12	agency	agency	PROPN
ajfa-1243	162	13	costs	cost	VERB
ajfa-1243	162	14	distribution	distribution	NOUN
ajfa-1243	162	15	during	during	ADP
ajfa-1243	162	16	a	a	DET
ajfa-1243	162	17	global	global	ADJ
ajfa-1243	162	18	financial	financial	ADJ
ajfa-1243	162	19	crisis	crisis	NOUN
ajfa-1243	162	20	and	and	CCONJ
ajfa-1243	162	21	financially	financially	ADV
ajfa-1243	162	22	healthy	healthy	ADJ
ajfa-1243	162	23	times	time	NOUN
ajfa-1243	162	24	.	.	PUNCT
ajfa-1243	163	1	however	however	ADV
ajfa-1243	163	2	,	,	PUNCT
ajfa-1243	163	3	it	it	PRON
ajfa-1243	163	4	clearly	clearly	ADV
ajfa-1243	163	5	shows	show	VERB
ajfa-1243	163	6	companies	company	NOUN
ajfa-1243	163	7	do	do	AUX
ajfa-1243	163	8	not	not	PART
ajfa-1243	163	9	pay	pay	VERB
ajfa-1243	163	10	as	as	ADV
ajfa-1243	163	11	much	much	ADJ
ajfa-1243	163	12	in	in	ADP
ajfa-1243	163	13	shareholder	shareholder	NOUN
ajfa-1243	163	14	dividends	dividend	NOUN
ajfa-1243	163	15	during	during	ADP
ajfa-1243	163	16	non	non	ADJ
ajfa-1243	163	17	-	-	ADJ
ajfa-1243	163	18	crisis	crisis	ADJ
ajfa-1243	163	19	times	time	NOUN
ajfa-1243	163	20	,	,	PUNCT
ajfa-1243	163	21	and	and	CCONJ
ajfa-1243	163	22	are	be	AUX
ajfa-1243	163	23	more	more	ADV
ajfa-1243	163	24	likely	likely	ADJ
ajfa-1243	163	25	to	to	PART
ajfa-1243	163	26	pay	pay	VERB
ajfa-1243	163	27	more	more	ADJ
ajfa-1243	163	28	dividends	dividend	NOUN
ajfa-1243	163	29	during	during	ADP
ajfa-1243	163	30	a	a	DET
ajfa-1243	163	31	financial	financial	ADJ
ajfa-1243	163	32	crisis	crisis	NOUN
ajfa-1243	163	33	.	.	PUNCT
ajfa-1243	164	1	this	this	PRON
ajfa-1243	164	2	may	may	AUX
ajfa-1243	164	3	be	be	AUX
ajfa-1243	164	4	because	because	SCONJ
ajfa-1243	164	5	in	in	ADP
ajfa-1243	164	6	an	an	DET
ajfa-1243	164	7	economic	economic	ADJ
ajfa-1243	164	8	recession	recession	NOUN
ajfa-1243	164	9	firm	firm	NOUN
ajfa-1243	164	10	growth	growth	NOUN
ajfa-1243	164	11	is	be	AUX
ajfa-1243	164	12	slower	slow	ADJ
ajfa-1243	164	13	and	and	CCONJ
ajfa-1243	164	14	to	to	PART
ajfa-1243	164	15	avoid	avoid	VERB
ajfa-1243	164	16	agency	agency	NOUN
ajfa-1243	164	17	conflicts	conflict	NOUN
ajfa-1243	164	18	firms	firm	NOUN
ajfa-1243	164	19	pay	pay	VERB
ajfa-1243	164	20	-	-	PUNCT
ajfa-1243	164	21	out	out	ADP
ajfa-1243	164	22	their	their	PRON
ajfa-1243	164	23	excess	excess	ADJ
ajfa-1243	164	24	cash	cash	NOUN
ajfa-1243	164	25	flows	flow	NOUN
ajfa-1243	164	26	as	as	ADP
ajfa-1243	164	27	dividends	dividend	NOUN
ajfa-1243	164	28	.	.	PUNCT
ajfa-1243	165	1	in	in	ADP
ajfa-1243	165	2	economically	economically	ADV
ajfa-1243	165	3	stable	stable	ADJ
ajfa-1243	165	4	times	time	NOUN
ajfa-1243	165	5	when	when	SCONJ
ajfa-1243	165	6	firm	firm	ADJ
ajfa-1243	165	7	growth	growth	NOUN
ajfa-1243	165	8	is	be	AUX
ajfa-1243	165	9	stronger	strong	ADJ
ajfa-1243	165	10	,	,	PUNCT
ajfa-1243	165	11	excess	excess	ADJ
ajfa-1243	165	12	cash	cash	NOUN
ajfa-1243	165	13	flows	flow	NOUN
ajfa-1243	165	14	are	be	AUX
ajfa-1243	165	15	used	use	VERB
ajfa-1243	165	16	for	for	ADP
ajfa-1243	165	17	further	further	ADJ
ajfa-1243	165	18	investments	investment	NOUN
ajfa-1243	165	19	.	.	PUNCT
ajfa-1243	166	1	the	the	DET
ajfa-1243	166	2	ethnic	ethnic	ADJ
ajfa-1243	166	3	diversity	diversity	NOUN
ajfa-1243	166	4	density	density	NOUN
ajfa-1243	166	5	graph	graph	NOUN
ajfa-1243	166	6	shows	show	VERB
ajfa-1243	166	7	firms	firm	NOUN
ajfa-1243	166	8	to	to	PART
ajfa-1243	166	9	be	be	AUX
ajfa-1243	166	10	more	more	ADV
ajfa-1243	166	11	concerned	concerned	ADJ
ajfa-1243	166	12	about	about	ADP
ajfa-1243	166	13	board	board	NOUN
ajfa-1243	166	14	diversity	diversity	NOUN
ajfa-1243	166	15	in	in	ADP
ajfa-1243	166	16	financial	financial	ADJ
ajfa-1243	166	17	crisis	crisis	NOUN
ajfa-1243	166	18	periods	period	NOUN
ajfa-1243	166	19	than	than	ADP
ajfa-1243	166	20	in	in	ADP
ajfa-1243	166	21	stable	stable	ADJ
ajfa-1243	166	22	economic	economic	ADJ
ajfa-1243	166	23	times	time	NOUN
ajfa-1243	166	24	.	.	PUNCT
ajfa-1243	167	1	it	it	PRON
ajfa-1243	167	2	may	may	AUX
ajfa-1243	167	3	be	be	AUX
ajfa-1243	167	4	firms	firm	NOUN
ajfa-1243	167	5	try	try	VERB
ajfa-1243	167	6	to	to	PART
ajfa-1243	167	7	increase	increase	VERB
ajfa-1243	167	8	financial	financial	ADJ
ajfa-1243	167	9	performance	performance	NOUN
ajfa-1243	167	10	through	through	ADP
ajfa-1243	167	11	board	board	NOUN
ajfa-1243	167	12	diversification	diversification	NOUN
ajfa-1243	167	13	.	.	PUNCT
ajfa-1243	168	1	diversified	diversify	VERB
ajfa-1243	168	2	board	board	NOUN
ajfa-1243	168	3	members	member	NOUN
ajfa-1243	168	4	levels	level	NOUN
ajfa-1243	168	5	of	of	ADP
ajfa-1243	168	6	innovation	innovation	NOUN
ajfa-1243	168	7	and	and	CCONJ
ajfa-1243	168	8	creativity	creativity	NOUN
ajfa-1243	168	9	help	help	NOUN
ajfa-1243	168	10	to	to	PART
ajfa-1243	168	11	drive	drive	VERB
ajfa-1243	168	12	high	high	ADJ
ajfa-1243	168	13	company	company	NOUN
ajfa-1243	168	14	performance	performance	NOUN
ajfa-1243	168	15	even	even	ADV
ajfa-1243	168	16	in	in	ADP
ajfa-1243	168	17	a	a	DET
ajfa-1243	168	18	financial	financial	ADJ
ajfa-1243	168	19	crisis	crisis	NOUN
ajfa-1243	168	20	.	.	PUNCT
ajfa-1243	169	1	1	1	NUM
ajfa-1243	169	2	board	board	NOUN
ajfa-1243	169	3	diversity	diversity	NOUN
ajfa-1243	169	4	(	(	PUNCT
ajfa-1243	169	5	diversityt	diversityt	PROPN
ajfa-1243	169	6	)	)	PUNCT
ajfa-1243	169	7	,	,	PUNCT
ajfa-1243	169	8	which	which	PRON
ajfa-1243	169	9	is	be	AUX
ajfa-1243	169	10	measured	measure	VERB
ajfa-1243	169	11	by	by	ADP
ajfa-1243	169	12	blau	blau	PROPN
ajfa-1243	169	13	index	index	NOUN
ajfa-1243	169	14	.	.	PUNCT
ajfa-1243	170	1	the	the	DET
ajfa-1243	170	2	blau	blau	PROPN
ajfa-1243	170	3	index	index	NOUN
ajfa-1243	170	4	is	be	AUX
ajfa-1243	170	5	calculated	calculate	VERB
ajfa-1243	170	6	by	by	ADP
ajfa-1243	170	7	where	where	SCONJ
ajfa-1243	170	8	p	p	NOUN
ajfa-1243	170	9	is	be	AUX
ajfa-1243	170	10	the	the	DET
ajfa-1243	170	11	proportion	proportion	NOUN
ajfa-1243	170	12	of	of	ADP
ajfa-1243	170	13	board	board	NOUN
ajfa-1243	170	14	members	member	NOUN
ajfa-1243	170	15	in	in	ADP
ajfa-1243	170	16	each	each	DET
ajfa-1243	170	17	category	category	NOUN
ajfa-1243	170	18	and	and	CCONJ
ajfa-1243	170	19	n	n	NOUN
ajfa-1243	170	20	is	be	AUX
ajfa-1243	170	21	the	the	DET
ajfa-1243	170	22	total	total	ADJ
ajfa-1243	170	23	number	number	NOUN
ajfa-1243	170	24	of	of	ADP
ajfa-1243	170	25	board	board	NOUN
ajfa-1243	170	26	members	member	NOUN
ajfa-1243	170	27	.	.	PUNCT
ajfa-1243	171	1	the	the	DET
ajfa-1243	171	2	blau	blau	PROPN
ajfa-1243	171	3	index	index	NOUN
ajfa-1243	171	4	value	value	NOUN
ajfa-1243	171	5	range	range	NOUN
ajfa-1243	171	6	for	for	ADP
ajfa-1243	171	7	diversity	diversity	NOUN
ajfa-1243	171	8	is	be	AUX
ajfa-1243	171	9	0	0	NUM
ajfa-1243	171	10	from	from	ADP
ajfa-1243	171	11	0.5	0.5	NUM
ajfa-1243	171	12	,	,	PUNCT
ajfa-1243	171	13	which	which	PRON
ajfa-1243	171	14	can	can	AUX
ajfa-1243	171	15	be	be	AUX
ajfa-1243	171	16	achieved	achieve	VERB
ajfa-1243	171	17	only	only	ADV
ajfa-1243	171	18	when	when	SCONJ
ajfa-1243	171	19	a	a	DET
ajfa-1243	171	20	board	board	NOUN
ajfa-1243	171	21	has	have	VERB
ajfa-1243	171	22	equal	equal	ADJ
ajfa-1243	171	23	numbers	number	NOUN
ajfa-1243	171	24	of	of	ADP
ajfa-1243	171	25	minority	minority	NOUN
ajfa-1243	171	26	and	and	CCONJ
ajfa-1243	171	27	majority	majority	NOUN
ajfa-1243	171	28	board	board	NOUN
ajfa-1243	171	29	directors	director	NOUN
ajfa-1243	171	30	.	.	PUNCT
ajfa-1243	172	1	asian	asian	ADJ
ajfa-1243	172	2	journal	journal	PROPN
ajfa-1243	172	3	of	of	ADP
ajfa-1243	172	4	finance	finance	PROPN
ajfa-1243	172	5	&	&	CCONJ
ajfa-1243	172	6	accounting	accounting	PROPN
ajfa-1243	172	7	issn	issn	PROPN
ajfa-1243	172	8	1946	1946	NUM
ajfa-1243	172	9	-	-	PUNCT
ajfa-1243	172	10	052x	052x	NOUN
ajfa-1243	172	11	2012	2012	NUM
ajfa-1243	172	12	,	,	PUNCT
ajfa-1243	172	13	vol	vol	NOUN
ajfa-1243	172	14	.	.	PROPN
ajfa-1243	172	15	4	4	NUM
ajfa-1243	172	16	,	,	PUNCT
ajfa-1243	172	17	no	no	INTJ
ajfa-1243	172	18	.	.	NOUN
ajfa-1243	172	19	1	1	NUM
ajfa-1243	172	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	172	21	60	60	NUM
ajfa-1243	172	22	figure	figure	NOUN
ajfa-1243	172	23	1.2	1.2	NUM
ajfa-1243	172	24	:	:	PUNCT
ajfa-1243	172	25	kernal	kernal	ADJ
ajfa-1243	172	26	density	density	NOUN
ajfa-1243	172	27	of	of	ADP
ajfa-1243	172	28	variables	variable	NOUN
ajfa-1243	172	29	3.2	3.2	NUM
ajfa-1243	172	30	method	method	NOUN
ajfa-1243	172	31	panel	panel	NOUN
ajfa-1243	172	32	data	datum	NOUN
ajfa-1243	172	33	analysis	analysis	NOUN
ajfa-1243	172	34	is	be	AUX
ajfa-1243	172	35	the	the	DET
ajfa-1243	172	36	most	most	ADV
ajfa-1243	172	37	efficient	efficient	ADJ
ajfa-1243	172	38	statistical	statistical	ADJ
ajfa-1243	172	39	method	method	NOUN
ajfa-1243	172	40	,	,	PUNCT
ajfa-1243	172	41	widely	widely	ADV
ajfa-1243	172	42	used	use	VERB
ajfa-1243	172	43	in	in	ADP
ajfa-1243	172	44	econometrics	econometrics	NOUN
ajfa-1243	172	45	and	and	CCONJ
ajfa-1243	172	46	social	social	ADJ
ajfa-1243	172	47	science	science	NOUN
ajfa-1243	172	48	(	(	PUNCT
ajfa-1243	172	49	madalla	madalla	NOUN
ajfa-1243	172	50	,	,	PUNCT
ajfa-1243	172	51	2001	2001	NUM
ajfa-1243	172	52	)	)	PUNCT
ajfa-1243	172	53	.	.	PUNCT
ajfa-1243	173	1	the	the	DET
ajfa-1243	173	2	panel	panel	NOUN
ajfa-1243	173	3	data	data	NOUN
ajfa-1243	173	4	structure	structure	NOUN
ajfa-1243	173	5	allows	allow	VERB
ajfa-1243	173	6	for	for	ADP
ajfa-1243	173	7	taking	take	VERB
ajfa-1243	173	8	into	into	ADP
ajfa-1243	173	9	account	account	NOUN
ajfa-1243	173	10	the	the	DET
ajfa-1243	173	11	unobservable	unobservable	ADJ
ajfa-1243	173	12	and	and	CCONJ
ajfa-1243	173	13	consistent	consistent	ADJ
ajfa-1243	173	14	heterogeneity	heterogeneity	NOUN
ajfa-1243	173	15	,	,	PUNCT
ajfa-1243	173	16	which	which	PRON
ajfa-1243	173	17	are	be	AUX
ajfa-1243	173	18	specific	specific	ADJ
ajfa-1243	173	19	features	feature	NOUN
ajfa-1243	173	20	of	of	ADP
ajfa-1243	173	21	each	each	DET
ajfa-1243	173	22	company	company	NOUN
ajfa-1243	173	23	.	.	PUNCT
ajfa-1243	174	1	however	however	ADV
ajfa-1243	174	2	,	,	PUNCT
ajfa-1243	174	3	panel	panel	NOUN
ajfa-1243	174	4	data	datum	NOUN
ajfa-1243	174	5	also	also	ADV
ajfa-1243	174	6	give	give	VERB
ajfa-1243	174	7	rise	rise	NOUN
ajfa-1243	174	8	to	to	ADP
ajfa-1243	174	9	statistical	statistical	ADJ
ajfa-1243	174	10	problems	problem	NOUN
ajfa-1243	174	11	in	in	ADP
ajfa-1243	174	12	regression	regression	NOUN
ajfa-1243	174	13	analysis	analysis	NOUN
ajfa-1243	174	14	.	.	PUNCT
ajfa-1243	175	1	in	in	ADP
ajfa-1243	175	2	particular	particular	ADJ
ajfa-1243	175	3	,	,	PUNCT
ajfa-1243	175	4	it	it	PRON
ajfa-1243	175	5	is	be	AUX
ajfa-1243	175	6	important	important	ADJ
ajfa-1243	175	7	to	to	PART
ajfa-1243	175	8	determine	determine	VERB
ajfa-1243	175	9	whether	whether	SCONJ
ajfa-1243	175	10	there	there	PRON
ajfa-1243	175	11	are	be	VERB
ajfa-1243	175	12	fixed	fix	VERB
ajfa-1243	175	13	effects	effect	NOUN
ajfa-1243	175	14	present	present	ADJ
ajfa-1243	175	15	in	in	ADP
ajfa-1243	175	16	the	the	DET
ajfa-1243	175	17	variables	variable	NOUN
ajfa-1243	175	18	.	.	PUNCT
ajfa-1243	176	1	this	this	DET
ajfa-1243	176	2	study	study	NOUN
ajfa-1243	176	3	uses	use	VERB
ajfa-1243	176	4	hausman	hausman	PROPN
ajfa-1243	176	5	’s	’s	PART
ajfa-1243	176	6	specification	specification	NOUN
ajfa-1243	176	7	test	test	NOUN
ajfa-1243	176	8	to	to	PART
ajfa-1243	176	9	differentiate	differentiate	VERB
ajfa-1243	176	10	between	between	ADP
ajfa-1243	176	11	random	random	ADJ
ajfa-1243	176	12	and	and	CCONJ
ajfa-1243	176	13	fixed	fix	VERB
ajfa-1243	176	14	effects	effect	NOUN
ajfa-1243	176	15	of	of	ADP
ajfa-1243	176	16	0	0	NUM
ajfa-1243	177	1	.2	.2	NUM
ajfa-1243	177	2	.4	.4	NUM
ajfa-1243	178	1	.6	.6	PUNCT
ajfa-1243	179	1	d	d	X
ajfa-1243	179	2	en	en	INTJ
ajfa-1243	179	3	si	si	X
ajfa-1243	180	1	ty	ty	ADV
ajfa-1243	180	2	0	0	NUM
ajfa-1243	180	3	1	1	NUM
ajfa-1243	180	4	2	2	NUM
ajfa-1243	180	5	3	3	NUM
ajfa-1243	180	6	4	4	NUM
ajfa-1243	180	7	salesassets	salesasset	NOUN
ajfa-1243	180	8	non	non	X
ajfa-1243	180	9	res	re	NOUN
ajfa-1243	180	10	kernel	kernel	PROPN
ajfa-1243	180	11	=	=	PROPN
ajfa-1243	180	12	epanechnikov	epanechnikov	PROPN
ajfa-1243	180	13	,	,	PUNCT
ajfa-1243	180	14	bandwidth	bandwidth	ADJ
ajfa-1243	180	15	=	=	NUM
ajfa-1243	180	16	0.1962	0.1962	NUM
ajfa-1243	180	17	kernel	kernel	NOUN
ajfa-1243	180	18	density	density	NOUN
ajfa-1243	180	19	estimate	estimate	NOUN
ajfa-1243	180	20	0	0	NUM
ajfa-1243	180	21	1	1	NUM
ajfa-1243	180	22	2	2	NUM
ajfa-1243	180	23	3	3	NUM
ajfa-1243	180	24	d	d	NOUN
ajfa-1243	180	25	en	en	ADP
ajfa-1243	180	26	si	si	X
ajfa-1243	180	27	ty	ty	ADV
ajfa-1243	180	28	0	0	NUM
ajfa-1243	180	29	1	1	NUM
ajfa-1243	180	30	2	2	NUM
ajfa-1243	180	31	3	3	NUM
ajfa-1243	180	32	4	4	NUM
ajfa-1243	180	33	diversity	diversity	NOUN
ajfa-1243	180	34	non	non	X
ajfa-1243	180	35	res	re	NOUN
ajfa-1243	180	36	kernel	kernel	PROPN
ajfa-1243	180	37	=	=	PROPN
ajfa-1243	180	38	epanechnikov	epanechnikov	PROPN
ajfa-1243	180	39	,	,	PUNCT
ajfa-1243	180	40	bandwidth	bandwidth	NOUN
ajfa-1243	180	41	=	=	VERB
ajfa-1243	180	42	0.0563	0.0563	NUM
ajfa-1243	180	43	kernel	kernel	NOUN
ajfa-1243	180	44	density	density	NOUN
ajfa-1243	180	45	estimate	estimate	NOUN
ajfa-1243	180	46	0	0	NUM
ajfa-1243	180	47	5	5	NUM
ajfa-1243	180	48	1	1	NUM
ajfa-1243	180	49	0	0	NUM
ajfa-1243	180	50	1	1	NUM
ajfa-1243	180	51	5	5	NUM
ajfa-1243	180	52	2	2	NUM
ajfa-1243	180	53	0	0	NUM
ajfa-1243	181	1	d	d	NOUN
ajfa-1243	181	2	en	en	INTJ
ajfa-1243	181	3	si	si	X
ajfa-1243	182	1	ty	ty	ADV
ajfa-1243	182	2	0	0	NUM
ajfa-1243	182	3	1	1	NUM
ajfa-1243	182	4	2	2	NUM
ajfa-1243	182	5	3	3	NUM
ajfa-1243	182	6	4	4	NUM
ajfa-1243	182	7	non	non	X
ajfa-1243	182	8	res	re	NOUN
ajfa-1243	182	9	kernel	kernel	PROPN
ajfa-1243	182	10	density	density	PROPN
ajfa-1243	182	11	estimate	estimate	VERB
ajfa-1243	182	12	asian	asian	ADJ
ajfa-1243	182	13	journal	journal	PROPN
ajfa-1243	182	14	of	of	ADP
ajfa-1243	182	15	finance	finance	PROPN
ajfa-1243	182	16	&	&	CCONJ
ajfa-1243	182	17	accounting	accounting	PROPN
ajfa-1243	182	18	issn	issn	PROPN
ajfa-1243	182	19	1946	1946	NUM
ajfa-1243	182	20	-	-	PUNCT
ajfa-1243	182	21	052x	052x	NOUN
ajfa-1243	182	22	2012	2012	NUM
ajfa-1243	182	23	,	,	PUNCT
ajfa-1243	182	24	vol	vol	NOUN
ajfa-1243	182	25	.	.	PROPN
ajfa-1243	182	26	4	4	NUM
ajfa-1243	182	27	,	,	PUNCT
ajfa-1243	182	28	no	no	INTJ
ajfa-1243	182	29	.	.	NOUN
ajfa-1243	182	30	1	1	NUM
ajfa-1243	182	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	182	32	61	61	NUM
ajfa-1243	182	33	variables2	variables2	NOUN
ajfa-1243	182	34	.	.	PUNCT
ajfa-1243	183	1	on	on	ADP
ajfa-1243	183	2	the	the	DET
ajfa-1243	183	3	other	other	ADJ
ajfa-1243	183	4	hand	hand	NOUN
ajfa-1243	183	5	,	,	PUNCT
ajfa-1243	183	6	board	board	NOUN
ajfa-1243	183	7	diversity	diversity	NOUN
ajfa-1243	183	8	studies	study	NOUN
ajfa-1243	183	9	have	have	AUX
ajfa-1243	183	10	become	become	VERB
ajfa-1243	183	11	more	more	ADV
ajfa-1243	183	12	complicated	complicated	ADJ
ajfa-1243	183	13	in	in	ADP
ajfa-1243	183	14	recent	recent	ADJ
ajfa-1243	183	15	years	year	NOUN
ajfa-1243	183	16	due	due	ADP
ajfa-1243	183	17	to	to	ADP
ajfa-1243	183	18	their	their	PRON
ajfa-1243	183	19	causality	causality	NOUN
ajfa-1243	183	20	effect	effect	NOUN
ajfa-1243	183	21	(	(	PUNCT
ajfa-1243	183	22	campbell	campbell	PROPN
ajfa-1243	183	23	&	&	CCONJ
ajfa-1243	183	24	mínguez	mínguez	PROPN
ajfa-1243	183	25	-	-	PROPN
ajfa-1243	183	26	vera	vera	NOUN
ajfa-1243	183	27	,	,	PUNCT
ajfa-1243	183	28	2007	2007	NUM
ajfa-1243	183	29	)	)	PUNCT
ajfa-1243	183	30	.	.	PUNCT
ajfa-1243	184	1	to	to	PART
ajfa-1243	184	2	control	control	VERB
ajfa-1243	184	3	the	the	DET
ajfa-1243	184	4	effect	effect	NOUN
ajfa-1243	184	5	of	of	ADP
ajfa-1243	184	6	inverse	inverse	ADJ
ajfa-1243	184	7	causality	causality	NOUN
ajfa-1243	184	8	there	there	PRON
ajfa-1243	184	9	needs	need	VERB
ajfa-1243	184	10	to	to	PART
ajfa-1243	184	11	be	be	AUX
ajfa-1243	184	12	an	an	DET
ajfa-1243	184	13	econometric	econometric	ADJ
ajfa-1243	184	14	method	method	NOUN
ajfa-1243	184	15	that	that	PRON
ajfa-1243	184	16	can	can	AUX
ajfa-1243	184	17	deal	deal	VERB
ajfa-1243	184	18	with	with	ADP
ajfa-1243	184	19	endogeneity	endogeneity	NOUN
ajfa-1243	184	20	and	and	CCONJ
ajfa-1243	184	21	with	with	ADP
ajfa-1243	184	22	the	the	DET
ajfa-1243	184	23	presence	presence	NOUN
ajfa-1243	184	24	of	of	ADP
ajfa-1243	184	25	unobservable	unobservable	ADJ
ajfa-1243	184	26	fixed	fix	VERB
ajfa-1243	184	27	effects	effect	NOUN
ajfa-1243	184	28	that	that	PRON
ajfa-1243	184	29	are	be	AUX
ajfa-1243	184	30	associated	associate	VERB
ajfa-1243	184	31	with	with	ADP
ajfa-1243	184	32	each	each	DET
ajfa-1243	184	33	company	company	NOUN
ajfa-1243	184	34	and	and	CCONJ
ajfa-1243	184	35	correlated	correlate	VERB
ajfa-1243	184	36	with	with	ADP
ajfa-1243	184	37	the	the	DET
ajfa-1243	184	38	rest	rest	NOUN
ajfa-1243	184	39	of	of	ADP
ajfa-1243	184	40	the	the	DET
ajfa-1243	184	41	explanatory	explanatory	ADJ
ajfa-1243	184	42	variables	variable	NOUN
ajfa-1243	184	43	.	.	PUNCT
ajfa-1243	185	1	to	to	PART
ajfa-1243	185	2	overcome	overcome	VERB
ajfa-1243	185	3	this	this	DET
ajfa-1243	185	4	econometric	econometric	ADJ
ajfa-1243	185	5	problem	problem	NOUN
ajfa-1243	185	6	,	,	PUNCT
ajfa-1243	185	7	this	this	DET
ajfa-1243	185	8	study	study	NOUN
ajfa-1243	185	9	used	use	VERB
ajfa-1243	185	10	a	a	DET
ajfa-1243	185	11	panel	panel	NOUN
ajfa-1243	185	12	2sls	2sls	NUM
ajfa-1243	185	13	regression	regression	NOUN
ajfa-1243	185	14	technique	technique	NOUN
ajfa-1243	185	15	.	.	PUNCT
ajfa-1243	186	1	in	in	ADP
ajfa-1243	186	2	the	the	DET
ajfa-1243	186	3	first	first	ADJ
ajfa-1243	186	4	step	step	NOUN
ajfa-1243	186	5	,	,	PUNCT
ajfa-1243	186	6	board	board	NOUN
ajfa-1243	186	7	ethnic	ethnic	ADJ
ajfa-1243	186	8	minority	minority	NOUN
ajfa-1243	186	9	is	be	AUX
ajfa-1243	186	10	determined	determine	VERB
ajfa-1243	186	11	by	by	ADP
ajfa-1243	186	12	using	use	VERB
ajfa-1243	186	13	ols	ol	NOUN
ajfa-1243	186	14	regression	regression	NOUN
ajfa-1243	186	15	techniques	technique	NOUN
ajfa-1243	186	16	and	and	CCONJ
ajfa-1243	186	17	in	in	ADP
ajfa-1243	186	18	the	the	DET
ajfa-1243	186	19	second	second	ADJ
ajfa-1243	186	20	step	step	NOUN
ajfa-1243	186	21	,	,	PUNCT
ajfa-1243	186	22	values	value	NOUN
ajfa-1243	186	23	determined	determine	VERB
ajfa-1243	186	24	for	for	ADP
ajfa-1243	186	25	ethnic	ethnic	ADJ
ajfa-1243	186	26	minority	minority	NOUN
ajfa-1243	186	27	are	be	AUX
ajfa-1243	186	28	used	use	VERB
ajfa-1243	186	29	to	to	PART
ajfa-1243	186	30	determine	determine	VERB
ajfa-1243	186	31	agency	agency	NOUN
ajfa-1243	186	32	costs	cost	NOUN
ajfa-1243	186	33	.	.	PUNCT
ajfa-1243	187	1	the	the	DET
ajfa-1243	187	2	models	model	NOUN
ajfa-1243	187	3	are	be	AUX
ajfa-1243	187	4	formulated	formulate	VERB
ajfa-1243	187	5	using	use	VERB
ajfa-1243	187	6	assets	asset	NOUN
ajfa-1243	187	7	utilisation	utilisation	NOUN
ajfa-1243	187	8	ratio	ratio	NOUN
ajfa-1243	187	9	and	and	CCONJ
ajfa-1243	187	10	dividend	dividend	NOUN
ajfa-1243	187	11	payout	payout	NOUN
ajfa-1243	187	12	ratio	ratio	NOUN
ajfa-1243	187	13	as	as	ADP
ajfa-1243	187	14	proxies	proxy	NOUN
ajfa-1243	187	15	’	'	PUNCT
ajfa-1243	187	16	proxy	proxy	NOUN
ajfa-1243	187	17	for	for	ADP
ajfa-1243	187	18	pa	pa	PROPN
ajfa-1243	187	19	and	and	CCONJ
ajfa-1243	187	20	pp	pp	PROPN
ajfa-1243	187	21	agency	agency	NOUN
ajfa-1243	187	22	costs	cost	NOUN
ajfa-1243	187	23	.	.	PUNCT
ajfa-1243	188	1	therefore	therefore	ADV
ajfa-1243	188	2	,	,	PUNCT
ajfa-1243	188	3	this	this	DET
ajfa-1243	188	4	study	study	NOUN
ajfa-1243	188	5	estimates	estimate	VERB
ajfa-1243	188	6	following	follow	VERB
ajfa-1243	188	7	model	model	NOUN
ajfa-1243	188	8	:	:	PUNCT
ajfa-1243	188	9	(	(	PUNCT
ajfa-1243	188	10	1	1	X
ajfa-1243	188	11	)	)	PUNCT
ajfa-1243	188	12	(	(	PUNCT
ajfa-1243	188	13	2	2	NUM
ajfa-1243	188	14	)	)	PUNCT
ajfa-1243	188	15	(	(	PUNCT
ajfa-1243	188	16	3	3	X
ajfa-1243	188	17	)	)	PUNCT
ajfa-1243	188	18	where	where	SCONJ
ajfa-1243	188	19	ac	ac	PROPN
ajfa-1243	188	20	represents	represent	VERB
ajfa-1243	188	21	firm	firm	ADJ
ajfa-1243	188	22	pa	pa	PROPN
ajfa-1243	188	23	and	and	CCONJ
ajfa-1243	188	24	pp	pp	PROPN
ajfa-1243	188	25	agency	agency	NOUN
ajfa-1243	188	26	costs	cost	VERB
ajfa-1243	188	27	proxies	proxy	NOUN
ajfa-1243	188	28	,	,	PUNCT
ajfa-1243	188	29	mino	mino	PROPN
ajfa-1243	188	30	represents	represent	VERB
ajfa-1243	188	31	two	two	NUM
ajfa-1243	188	32	alternative	alternative	ADJ
ajfa-1243	188	33	variables	variable	NOUN
ajfa-1243	188	34	(	(	PUNCT
ajfa-1243	188	35	mino	mino	NOUN
ajfa-1243	188	36	and	and	CCONJ
ajfa-1243	188	37	dmino	dmino	NOUN
ajfa-1243	188	38	)	)	PUNCT
ajfa-1243	188	39	,	,	PUNCT
ajfa-1243	188	40	and	and	CCONJ
ajfa-1243	188	41	ins	in	NOUN
ajfa-1243	188	42	represents	represent	VERB
ajfa-1243	188	43	the	the	DET
ajfa-1243	188	44	instrumental	instrumental	ADJ
ajfa-1243	188	45	variable	variable	NOUN
ajfa-1243	188	46	for	for	ADP
ajfa-1243	188	47	this	this	DET
ajfa-1243	188	48	study	study	NOUN
ajfa-1243	188	49	,	,	PUNCT
ajfa-1243	188	50	cv	cv	PROPN
ajfa-1243	188	51	represents	represent	VERB
ajfa-1243	188	52	all	all	DET
ajfa-1243	188	53	control	control	NOUN
ajfa-1243	188	54	variables	variable	NOUN
ajfa-1243	188	55	.	.	PUNCT
ajfa-1243	189	1	this	this	DET
ajfa-1243	189	2	study	study	NOUN
ajfa-1243	189	3	conducted	conduct	VERB
ajfa-1243	189	4	a	a	DET
ajfa-1243	189	5	breusch	breusch	ADV
ajfa-1243	189	6	-	-	PUNCT
ajfa-1243	189	7	pagan	pagan	VERB
ajfa-1243	189	8	/	/	SYM
ajfa-1243	189	9	cook	cook	NOUN
ajfa-1243	189	10	-	-	PUNCT
ajfa-1243	189	11	weisberg	weisberg	PROPN
ajfa-1243	189	12	test	test	NOUN
ajfa-1243	189	13	for	for	ADP
ajfa-1243	189	14	heteroskedasticity	heteroskedasticity	NOUN
ajfa-1243	189	15	for	for	ADP
ajfa-1243	189	16	all	all	DET
ajfa-1243	189	17	regression	regression	NOUN
ajfa-1243	189	18	variables	variable	NOUN
ajfa-1243	189	19	and	and	CCONJ
ajfa-1243	189	20	the	the	DET
ajfa-1243	189	21	results	result	NOUN
ajfa-1243	189	22	indicate	indicate	VERB
ajfa-1243	189	23	there	there	PRON
ajfa-1243	189	24	is	be	VERB
ajfa-1243	189	25	no	no	DET
ajfa-1243	189	26	heteroskedasticity	heteroskedasticity	NOUN
ajfa-1243	189	27	is	be	AUX
ajfa-1243	189	28	existing	exist	VERB
ajfa-1243	189	29	in	in	ADP
ajfa-1243	189	30	this	this	DET
ajfa-1243	189	31	study	study	NOUN
ajfa-1243	189	32	sample	sample	NOUN
ajfa-1243	189	33	.	.	PUNCT
ajfa-1243	190	1	4	4	X
ajfa-1243	190	2	.	.	NOUN
ajfa-1243	190	3	results	result	NOUN
ajfa-1243	190	4	table	table	NOUN
ajfa-1243	190	5	2	2	NUM
ajfa-1243	190	6	indicates	indicate	VERB
ajfa-1243	190	7	2sls	2sls	NUM
ajfa-1243	190	8	regression	regression	NOUN
ajfa-1243	190	9	results	result	NOUN
ajfa-1243	190	10	for	for	ADP
ajfa-1243	190	11	minority	minority	NOUN
ajfa-1243	190	12	directors	director	NOUN
ajfa-1243	190	13	during	during	ADP
ajfa-1243	190	14	times	time	NOUN
ajfa-1243	190	15	of	of	ADP
ajfa-1243	190	16	global	global	ADJ
ajfa-1243	190	17	financial	financial	ADJ
ajfa-1243	190	18	crisis	crisis	NOUN
ajfa-1243	190	19	and	and	CCONJ
ajfa-1243	190	20	non	non	ADJ
ajfa-1243	190	21	-	-	ADJ
ajfa-1243	190	22	global	global	ADJ
ajfa-1243	190	23	financial	financial	ADJ
ajfa-1243	190	24	crisis	crisis	NOUN
ajfa-1243	190	25	.	.	PUNCT
ajfa-1243	191	1	columns	column	NOUN
ajfa-1243	191	2	2	2	NUM
ajfa-1243	191	3	-	-	SYM
ajfa-1243	191	4	5	5	NUM
ajfa-1243	191	5	report	report	NOUN
ajfa-1243	191	6	pa	pa	PROPN
ajfa-1243	191	7	agency	agency	PROPN
ajfa-1243	191	8	costs	cost	VERB
ajfa-1243	191	9	results	result	NOUN
ajfa-1243	191	10	and	and	CCONJ
ajfa-1243	191	11	6	6	NUM
ajfa-1243	191	12	-	-	SYM
ajfa-1243	191	13	9	9	NUM
ajfa-1243	191	14	report	report	NOUN
ajfa-1243	191	15	pp	pp	ADP
ajfa-1243	191	16	agency	agency	NOUN
ajfa-1243	191	17	costs	cost	NOUN
ajfa-1243	191	18	results	result	NOUN
ajfa-1243	191	19	.	.	PUNCT
ajfa-1243	192	1	the	the	DET
ajfa-1243	192	2	coefficients	coefficient	NOUN
ajfa-1243	192	3	of	of	ADP
ajfa-1243	192	4	mino	mino	PROPN
ajfa-1243	192	5	and	and	CCONJ
ajfa-1243	192	6	pmino	pmino	PROPN
ajfa-1243	192	7	variables	variable	NOUN
ajfa-1243	192	8	are	be	AUX
ajfa-1243	192	9	negatively	negatively	ADV
ajfa-1243	192	10	and	and	CCONJ
ajfa-1243	192	11	statistically	statistically	ADV
ajfa-1243	192	12	significant	significant	ADJ
ajfa-1243	192	13	at	at	ADP
ajfa-1243	192	14	1	1	NUM
ajfa-1243	192	15	%	%	NOUN
ajfa-1243	192	16	level	level	NOUN
ajfa-1243	192	17	for	for	ADP
ajfa-1243	192	18	pa	pa	PROPN
ajfa-1243	192	19	agency	agency	NOUN
ajfa-1243	192	20	costs	cost	NOUN
ajfa-1243	192	21	in	in	ADP
ajfa-1243	192	22	global	global	ADJ
ajfa-1243	192	23	financial	financial	ADJ
ajfa-1243	192	24	crisis	crisis	NOUN
ajfa-1243	192	25	time	time	NOUN
ajfa-1243	192	26	and	and	CCONJ
ajfa-1243	192	27	insignificant	insignificant	ADJ
ajfa-1243	192	28	in	in	ADP
ajfa-1243	192	29	a	a	DET
ajfa-1243	192	30	non	non	ADJ
ajfa-1243	192	31	-	-	ADJ
ajfa-1243	192	32	global	global	ADJ
ajfa-1243	192	33	financial	financial	ADJ
ajfa-1243	192	34	crisis	crisis	NOUN
ajfa-1243	192	35	.	.	PUNCT
ajfa-1243	193	1	this	this	DET
ajfa-1243	193	2	result	result	NOUN
ajfa-1243	193	3	indicates	indicate	VERB
ajfa-1243	193	4	minority	minority	NOUN
ajfa-1243	193	5	director	director	NOUN
ajfa-1243	193	6	percentage	percentage	NOUN
ajfa-1243	193	7	has	have	VERB
ajfa-1243	193	8	no	no	DET
ajfa-1243	193	9	impact	impact	NOUN
ajfa-1243	193	10	on	on	ADP
ajfa-1243	193	11	firm	firm	ADJ
ajfa-1243	193	12	pa	pa	PROPN
ajfa-1243	193	13	agency	agency	PROPN
ajfa-1243	193	14	costs	cost	NOUN
ajfa-1243	193	15	in	in	ADP
ajfa-1243	193	16	non	non	ADJ
ajfa-1243	193	17	-	-	ADJ
ajfa-1243	193	18	recession	recession	ADJ
ajfa-1243	193	19	time	time	NOUN
ajfa-1243	193	20	and	and	CCONJ
ajfa-1243	193	21	increases	increase	VERB
ajfa-1243	193	22	pa	pa	PROPN
ajfa-1243	193	23	agency	agency	PROPN
ajfa-1243	193	24	costs	cost	NOUN
ajfa-1243	193	25	in	in	ADP
ajfa-1243	193	26	times	time	NOUN
ajfa-1243	193	27	of	of	ADP
ajfa-1243	193	28	global	global	ADJ
ajfa-1243	193	29	financial	financial	ADJ
ajfa-1243	193	30	crisis	crisis	NOUN
ajfa-1243	193	31	.	.	PUNCT
ajfa-1243	194	1	this	this	DET
ajfa-1243	194	2	finding	finding	NOUN
ajfa-1243	194	3	is	be	AUX
ajfa-1243	194	4	also	also	ADV
ajfa-1243	194	5	consistent	consistent	ADJ
ajfa-1243	194	6	with	with	ADP
ajfa-1243	194	7	foo	foo	PROPN
ajfa-1243	194	8	&	&	CCONJ
ajfa-1243	194	9	zain	zain	PROPN
ajfa-1243	194	10	(	(	PUNCT
ajfa-1243	194	11	2010	2010	NUM
ajfa-1243	194	12	)	)	PUNCT
ajfa-1243	194	13	who	who	PRON
ajfa-1243	194	14	explain	explain	VERB
ajfa-1243	194	15	malaysian	malaysian	ADJ
ajfa-1243	194	16	boards	board	NOUN
ajfa-1243	194	17	with	with	ADP
ajfa-1243	194	18	high	high	ADJ
ajfa-1243	194	19	levels	level	NOUN
ajfa-1243	194	20	of	of	ADP
ajfa-1243	194	21	minority	minority	NOUN
ajfa-1243	194	22	directors	director	NOUN
ajfa-1243	194	23	increase	increase	VERB
ajfa-1243	194	24	information	information	NOUN
ajfa-1243	194	25	asymmetry	asymmetry	NOUN
ajfa-1243	194	26	problems	problem	NOUN
ajfa-1243	194	27	.	.	PUNCT
ajfa-1243	195	1	further	far	ADV
ajfa-1243	195	2	,	,	PUNCT
ajfa-1243	195	3	this	this	DET
ajfa-1243	195	4	finding	finding	NOUN
ajfa-1243	195	5	is	be	AUX
ajfa-1243	195	6	consistent	consistent	ADJ
ajfa-1243	195	7	with	with	ADP
ajfa-1243	195	8	cox	cox	PROPN
ajfa-1243	195	9	(	(	PUNCT
ajfa-1243	195	10	1991	1991	NUM
ajfa-1243	195	11	)	)	PUNCT
ajfa-1243	195	12	and	and	CCONJ
ajfa-1243	195	13	hambrick	hambrick	VERB
ajfa-1243	195	14	et	et	PROPN
ajfa-1243	195	15	al	al	PROPN
ajfa-1243	195	16	.	.	PROPN
ajfa-1243	196	1	(	(	PUNCT
ajfa-1243	196	2	1996	1996	NUM
ajfa-1243	196	3	)	)	PUNCT
ajfa-1243	196	4	who	who	PRON
ajfa-1243	196	5	explain	explain	VERB
ajfa-1243	196	6	diversity	diversity	NOUN
ajfa-1243	196	7	within	within	ADP
ajfa-1243	196	8	top	top	ADJ
ajfa-1243	196	9	management	management	NOUN
ajfa-1243	196	10	brings	bring	VERB
ajfa-1243	196	11	potential	potential	ADJ
ajfa-1243	196	12	costs	cost	NOUN
ajfa-1243	196	13	to	to	ADP
ajfa-1243	196	14	an	an	DET
ajfa-1243	196	15	organisation	organisation	NOUN
ajfa-1243	196	16	due	due	ADP
ajfa-1243	196	17	to	to	ADP
ajfa-1243	196	18	interpersonal	interpersonal	ADJ
ajfa-1243	196	19	conflicts	conflict	NOUN
ajfa-1243	196	20	and	and	CCONJ
ajfa-1243	196	21	communication	communication	NOUN
ajfa-1243	196	22	problems	problem	NOUN
ajfa-1243	196	23	.	.	PUNCT
ajfa-1243	197	1	results	result	NOUN
ajfa-1243	197	2	confirm	confirm	VERB
ajfa-1243	197	3	this	this	DET
ajfa-1243	197	4	conflict	conflict	NOUN
ajfa-1243	197	5	becomes	become	VERB
ajfa-1243	197	6	worse	bad	ADJ
ajfa-1243	197	7	in	in	ADP
ajfa-1243	197	8	times	time	NOUN
ajfa-1243	197	9	of	of	ADP
ajfa-1243	197	10	financial	financial	ADJ
ajfa-1243	197	11	crisis	crisis	NOUN
ajfa-1243	197	12	because	because	SCONJ
ajfa-1243	197	13	an	an	DET
ajfa-1243	197	14	uncertain	uncertain	ADJ
ajfa-1243	197	15	environment	environment	NOUN
ajfa-1243	197	16	increases	increase	VERB
ajfa-1243	197	17	communication	communication	NOUN
ajfa-1243	197	18	difficulties	difficulty	NOUN
ajfa-1243	197	19	and	and	CCONJ
ajfa-1243	197	20	group	group	NOUN
ajfa-1243	197	21	conflicts	conflict	NOUN
ajfa-1243	197	22	.	.	PUNCT
ajfa-1243	198	1	another	another	DET
ajfa-1243	198	2	possible	possible	ADJ
ajfa-1243	198	3	2	2	NUM
ajfa-1243	198	4	the	the	DET
ajfa-1243	198	5	test	test	NOUN
ajfa-1243	198	6	statistics	statistic	NOUN
ajfa-1243	198	7	have	have	VERB
ajfa-1243	198	8	p>0.05	p>0.05	PROPN
ajfa-1243	198	9	for	for	ADP
ajfa-1243	198	10	pa	pa	PROPN
ajfa-1243	198	11	and	and	CCONJ
ajfa-1243	198	12	pp	pp	PROPN
ajfa-1243	198	13	agency	agency	NOUN
ajfa-1243	198	14	costs	cost	VERB
ajfa-1243	198	15	proxies	proxy	NOUN
ajfa-1243	198	16	,	,	PUNCT
ajfa-1243	198	17	so	so	ADV
ajfa-1243	198	18	the	the	DET
ajfa-1243	198	19	null	null	ADJ
ajfa-1243	198	20	hypothesis	hypothesis	NOUN
ajfa-1243	198	21	of	of	ADP
ajfa-1243	198	22	no	no	DET
ajfa-1243	198	23	correlation	correlation	NOUN
ajfa-1243	198	24	is	be	AUX
ajfa-1243	198	25	accepted	accept	VERB
ajfa-1243	198	26	and	and	CCONJ
ajfa-1243	198	27	random	random	ADJ
ajfa-1243	198	28	-	-	PUNCT
ajfa-1243	198	29	effects	effect	NOUN
ajfa-1243	198	30	model	model	NOUN
ajfa-1243	198	31	is	be	AUX
ajfa-1243	198	32	appropriate	appropriate	ADJ
ajfa-1243	198	33	for	for	ADP
ajfa-1243	198	34	this	this	DET
ajfa-1243	198	35	study	study	NOUN
ajfa-1243	198	36	.	.	PUNCT
ajfa-1243	199	1	asian	asian	ADJ
ajfa-1243	199	2	journal	journal	PROPN
ajfa-1243	199	3	of	of	ADP
ajfa-1243	199	4	finance	finance	PROPN
ajfa-1243	199	5	&	&	CCONJ
ajfa-1243	199	6	accounting	accounting	PROPN
ajfa-1243	199	7	issn	issn	PROPN
ajfa-1243	199	8	1946	1946	NUM
ajfa-1243	199	9	-	-	PUNCT
ajfa-1243	199	10	052x	052x	NOUN
ajfa-1243	199	11	2012	2012	NUM
ajfa-1243	199	12	,	,	PUNCT
ajfa-1243	199	13	vol	vol	NOUN
ajfa-1243	199	14	.	.	PROPN
ajfa-1243	199	15	4	4	NUM
ajfa-1243	199	16	,	,	PUNCT
ajfa-1243	199	17	no	no	INTJ
ajfa-1243	199	18	.	.	NOUN
ajfa-1243	199	19	1	1	NUM
ajfa-1243	199	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	199	21	62	62	NUM
ajfa-1243	199	22	explanation	explanation	NOUN
ajfa-1243	199	23	is	be	AUX
ajfa-1243	199	24	information	information	NOUN
ajfa-1243	199	25	asymmetry	asymmetry	NOUN
ajfa-1243	199	26	,	,	PUNCT
ajfa-1243	199	27	which	which	PRON
ajfa-1243	199	28	has	have	AUX
ajfa-1243	199	29	been	be	AUX
ajfa-1243	199	30	identified	identify	VERB
ajfa-1243	199	31	as	as	ADP
ajfa-1243	199	32	one	one	NUM
ajfa-1243	199	33	of	of	ADP
ajfa-1243	199	34	the	the	DET
ajfa-1243	199	35	challenges	challenge	NOUN
ajfa-1243	199	36	facing	face	VERB
ajfa-1243	199	37	emerging	emerge	VERB
ajfa-1243	199	38	economies	economy	NOUN
ajfa-1243	199	39	(	(	PUNCT
ajfa-1243	199	40	murray	murray	PROPN
ajfa-1243	199	41	,	,	PUNCT
ajfa-1243	199	42	2008	2008	NUM
ajfa-1243	199	43	)	)	PUNCT
ajfa-1243	199	44	.	.	PUNCT
ajfa-1243	200	1	in	in	ADP
ajfa-1243	200	2	economic	economic	ADJ
ajfa-1243	200	3	turbulent	turbulent	ADJ
ajfa-1243	200	4	times	time	NOUN
ajfa-1243	200	5	,	,	PUNCT
ajfa-1243	200	6	this	this	DET
ajfa-1243	200	7	information	information	NOUN
ajfa-1243	200	8	asymmetry	asymmetry	NOUN
ajfa-1243	200	9	problem	problem	NOUN
ajfa-1243	200	10	can	can	AUX
ajfa-1243	200	11	worsen	worsen	VERB
ajfa-1243	200	12	and	and	CCONJ
ajfa-1243	200	13	increase	increase	VERB
ajfa-1243	200	14	agency	agency	NOUN
ajfa-1243	200	15	costs	cost	NOUN
ajfa-1243	200	16	with	with	ADP
ajfa-1243	200	17	heterogeneous	heterogeneous	ADJ
ajfa-1243	200	18	top	top	ADJ
ajfa-1243	200	19	managers	manager	NOUN
ajfa-1243	200	20	.	.	PUNCT
ajfa-1243	201	1	therefore	therefore	ADV
ajfa-1243	201	2	,	,	PUNCT
ajfa-1243	201	3	pa	pa	PROPN
ajfa-1243	201	4	conflict	conflict	NOUN
ajfa-1243	201	5	can	can	AUX
ajfa-1243	201	6	be	be	AUX
ajfa-1243	201	7	highlighted	highlight	VERB
ajfa-1243	201	8	during	during	ADP
ajfa-1243	201	9	economic	economic	ADJ
ajfa-1243	201	10	uncertainty	uncertainty	NOUN
ajfa-1243	201	11	periods	period	VERB
ajfa-1243	201	12	with	with	ADP
ajfa-1243	201	13	high	high	ADJ
ajfa-1243	201	14	representation	representation	NOUN
ajfa-1243	201	15	of	of	ADP
ajfa-1243	201	16	ethnic	ethnic	ADJ
ajfa-1243	201	17	monitory	monitory	ADJ
ajfa-1243	201	18	directors	director	NOUN
ajfa-1243	201	19	.	.	PUNCT
ajfa-1243	202	1	when	when	SCONJ
ajfa-1243	202	2	recruiting	recruit	VERB
ajfa-1243	202	3	top	top	ADJ
ajfa-1243	202	4	managers	manager	NOUN
ajfa-1243	202	5	,	,	PUNCT
ajfa-1243	202	6	it	it	PRON
ajfa-1243	202	7	is	be	AUX
ajfa-1243	202	8	important	important	ADJ
ajfa-1243	202	9	to	to	PART
ajfa-1243	202	10	look	look	VERB
ajfa-1243	202	11	at	at	ADP
ajfa-1243	202	12	the	the	DET
ajfa-1243	202	13	skill	skill	NOUN
ajfa-1243	202	14	base	base	NOUN
ajfa-1243	202	15	of	of	ADP
ajfa-1243	202	16	the	the	DET
ajfa-1243	202	17	team	team	NOUN
ajfa-1243	202	18	and	and	CCONJ
ajfa-1243	202	19	see	see	VERB
ajfa-1243	202	20	how	how	SCONJ
ajfa-1243	202	21	best	good	ADJ
ajfa-1243	202	22	to	to	PART
ajfa-1243	202	23	complement	complement	VERB
ajfa-1243	202	24	it	it	PRON
ajfa-1243	202	25	.	.	PUNCT
ajfa-1243	203	1	nevertheless	nevertheless	ADV
ajfa-1243	203	2	,	,	PUNCT
ajfa-1243	203	3	to	to	PART
ajfa-1243	203	4	achieve	achieve	VERB
ajfa-1243	203	5	“	"	PUNCT
ajfa-1243	203	6	signalling	signal	VERB
ajfa-1243	203	7	”	"	PUNCT
ajfa-1243	203	8	benefit	benefit	NOUN
ajfa-1243	203	9	from	from	ADP
ajfa-1243	203	10	investors	investor	NOUN
ajfa-1243	203	11	in	in	ADP
ajfa-1243	203	12	economic	economic	ADJ
ajfa-1243	203	13	turbulent	turbulent	ADJ
ajfa-1243	203	14	times	time	NOUN
ajfa-1243	203	15	sri	sri	PROPN
ajfa-1243	203	16	lankan	lankan	PROPN
ajfa-1243	203	17	listed	list	VERB
ajfa-1243	203	18	firms	firm	NOUN
ajfa-1243	203	19	increase	increase	VERB
ajfa-1243	203	20	their	their	PRON
ajfa-1243	203	21	ethnic	ethnic	ADJ
ajfa-1243	203	22	minority	minority	NOUN
ajfa-1243	203	23	directors	director	NOUN
ajfa-1243	203	24	without	without	ADP
ajfa-1243	203	25	considering	consider	VERB
ajfa-1243	203	26	their	their	PRON
ajfa-1243	203	27	skills	skill	NOUN
ajfa-1243	203	28	,	,	PUNCT
ajfa-1243	203	29	experience	experience	NOUN
ajfa-1243	203	30	,	,	PUNCT
ajfa-1243	203	31	or	or	CCONJ
ajfa-1243	203	32	suitability	suitability	NOUN
ajfa-1243	203	33	to	to	ADP
ajfa-1243	203	34	the	the	DET
ajfa-1243	203	35	company	company	NOUN
ajfa-1243	203	36	.	.	PUNCT
ajfa-1243	204	1	this	this	PRON
ajfa-1243	204	2	increased	increase	VERB
ajfa-1243	204	3	pa	pa	PROPN
ajfa-1243	204	4	agency	agency	NOUN
ajfa-1243	204	5	costs	cost	NOUN
ajfa-1243	204	6	with	with	ADP
ajfa-1243	204	7	ethnic	ethnic	ADJ
ajfa-1243	204	8	minority	minority	NOUN
ajfa-1243	204	9	directors	director	NOUN
ajfa-1243	204	10	during	during	ADP
ajfa-1243	204	11	the	the	DET
ajfa-1243	204	12	recent	recent	ADJ
ajfa-1243	204	13	economic	economic	ADJ
ajfa-1243	204	14	recession	recession	NOUN
ajfa-1243	204	15	in	in	ADP
ajfa-1243	204	16	sri	sri	PROPN
ajfa-1243	204	17	lanka	lanka	PROPN
ajfa-1243	204	18	.	.	PUNCT
ajfa-1243	205	1	another	another	DET
ajfa-1243	205	2	possible	possible	ADJ
ajfa-1243	205	3	explanation	explanation	NOUN
ajfa-1243	205	4	is	be	AUX
ajfa-1243	205	5	the	the	DET
ajfa-1243	205	6	appointment	appointment	NOUN
ajfa-1243	205	7	of	of	ADP
ajfa-1243	205	8	ethnic	ethnic	ADJ
ajfa-1243	205	9	minority	minority	NOUN
ajfa-1243	205	10	directors	director	NOUN
ajfa-1243	205	11	to	to	PART
ajfa-1243	205	12	sri	sri	VERB
ajfa-1243	205	13	lankan	lankan	PROPN
ajfa-1243	205	14	boards	board	NOUN
ajfa-1243	205	15	may	may	AUX
ajfa-1243	205	16	express	express	VERB
ajfa-1243	205	17	“	"	PUNCT
ajfa-1243	205	18	pork	pork	NOUN
ajfa-1243	205	19	barrel	barrel	NOUN
ajfa-1243	205	20	”	"	PUNCT
ajfa-1243	205	21	behaviour	behaviour	NOUN
ajfa-1243	205	22	.	.	PUNCT
ajfa-1243	206	1	this	this	PRON
ajfa-1243	206	2	means	mean	VERB
ajfa-1243	206	3	,	,	PUNCT
ajfa-1243	206	4	after	after	ADP
ajfa-1243	206	5	using	use	VERB
ajfa-1243	206	6	political	political	ADJ
ajfa-1243	206	7	influence	influence	NOUN
ajfa-1243	206	8	to	to	PART
ajfa-1243	206	9	appoint	appoint	VERB
ajfa-1243	206	10	a	a	DET
ajfa-1243	206	11	board	board	NOUN
ajfa-1243	206	12	director	director	NOUN
ajfa-1243	206	13	,	,	PUNCT
ajfa-1243	206	14	politicians	politician	NOUN
ajfa-1243	206	15	try	try	VERB
ajfa-1243	206	16	to	to	PART
ajfa-1243	206	17	get	get	VERB
ajfa-1243	206	18	returns	return	NOUN
ajfa-1243	206	19	for	for	ADP
ajfa-1243	206	20	their	their	PRON
ajfa-1243	206	21	political	political	ADJ
ajfa-1243	206	22	campaign	campaign	NOUN
ajfa-1243	206	23	or	or	CCONJ
ajfa-1243	206	24	support	support	NOUN
ajfa-1243	206	25	from	from	ADP
ajfa-1243	206	26	the	the	DET
ajfa-1243	206	27	firm	firm	NOUN
ajfa-1243	206	28	.	.	PUNCT
ajfa-1243	207	1	politically	politically	ADV
ajfa-1243	207	2	controlled	control	VERB
ajfa-1243	207	3	personal	personal	ADJ
ajfa-1243	207	4	management	management	NOUN
ajfa-1243	207	5	became	become	VERB
ajfa-1243	207	6	widespread	widespread	ADJ
ajfa-1243	207	7	in	in	ADP
ajfa-1243	207	8	the	the	DET
ajfa-1243	207	9	sri	sri	PROPN
ajfa-1243	207	10	lankan	lankan	PROPN
ajfa-1243	207	11	economy	economy	NOUN
ajfa-1243	207	12	soon	soon	ADV
ajfa-1243	207	13	after	after	ADP
ajfa-1243	207	14	the	the	DET
ajfa-1243	207	15	end	end	NOUN
ajfa-1243	207	16	of	of	ADP
ajfa-1243	207	17	the	the	DET
ajfa-1243	207	18	civil	civil	ADJ
ajfa-1243	207	19	war	war	NOUN
ajfa-1243	207	20	in	in	ADP
ajfa-1243	207	21	2009	2009	NUM
ajfa-1243	207	22	.	.	PUNCT
ajfa-1243	208	1	as	as	SCONJ
ajfa-1243	208	2	politicians	politician	NOUN
ajfa-1243	208	3	keep	keep	VERB
ajfa-1243	208	4	their	their	PRON
ajfa-1243	208	5	power	power	NOUN
ajfa-1243	208	6	over	over	ADP
ajfa-1243	208	7	appointees	appointee	NOUN
ajfa-1243	208	8	,	,	PUNCT
ajfa-1243	208	9	the	the	DET
ajfa-1243	208	10	carrier	carrier	NOUN
ajfa-1243	208	11	path	path	NOUN
ajfa-1243	208	12	and	and	CCONJ
ajfa-1243	208	13	incentives	incentive	NOUN
ajfa-1243	208	14	for	for	ADP
ajfa-1243	208	15	directors	director	NOUN
ajfa-1243	208	16	(	(	PUNCT
ajfa-1243	208	17	especially	especially	ADV
ajfa-1243	208	18	ethnic	ethnic	ADJ
ajfa-1243	208	19	minority	minority	NOUN
ajfa-1243	208	20	directors	director	NOUN
ajfa-1243	208	21	)	)	PUNCT
ajfa-1243	208	22	of	of	ADP
ajfa-1243	208	23	sri	sri	ADJ
ajfa-1243	208	24	lankan	lankan	PROPN
ajfa-1243	208	25	firms	firm	NOUN
ajfa-1243	208	26	are	be	AUX
ajfa-1243	208	27	very	very	ADV
ajfa-1243	208	28	much	much	ADV
ajfa-1243	208	29	driven	drive	VERB
ajfa-1243	208	30	by	by	ADP
ajfa-1243	208	31	political	political	ADJ
ajfa-1243	208	32	motivations	motivation	NOUN
ajfa-1243	208	33	.	.	PUNCT
ajfa-1243	209	1	this	this	PRON
ajfa-1243	209	2	may	may	AUX
ajfa-1243	209	3	be	be	AUX
ajfa-1243	209	4	another	another	DET
ajfa-1243	209	5	reason	reason	NOUN
ajfa-1243	209	6	for	for	ADP
ajfa-1243	209	7	increases	increase	NOUN
ajfa-1243	209	8	in	in	ADP
ajfa-1243	209	9	pa	pa	PROPN
ajfa-1243	209	10	agency	agency	NOUN
ajfa-1243	209	11	costs	cost	NOUN
ajfa-1243	209	12	in	in	ADP
ajfa-1243	209	13	recent	recent	ADJ
ajfa-1243	209	14	years	year	NOUN
ajfa-1243	209	15	in	in	ADP
ajfa-1243	209	16	sri	sri	PROPN
ajfa-1243	209	17	lanka	lanka	PROPN
ajfa-1243	209	18	.	.	PUNCT
ajfa-1243	210	1	further	far	ADV
ajfa-1243	210	2	,	,	PUNCT
ajfa-1243	210	3	results	result	NOUN
ajfa-1243	210	4	indicate	indicate	VERB
ajfa-1243	210	5	that	that	SCONJ
ajfa-1243	210	6	regardless	regardless	ADV
ajfa-1243	210	7	of	of	ADP
ajfa-1243	210	8	economic	economic	ADJ
ajfa-1243	210	9	downturn	downturn	NOUN
ajfa-1243	210	10	,	,	PUNCT
ajfa-1243	210	11	large	large	ADJ
ajfa-1243	210	12	boards	board	NOUN
ajfa-1243	210	13	increase	increase	VERB
ajfa-1243	210	14	sri	sri	ADJ
ajfa-1243	210	15	lankan	lankan	PROPN
ajfa-1243	210	16	listed	list	VERB
ajfa-1243	210	17	firms	firm	NOUN
ajfa-1243	210	18	’	'	PUNCT
ajfa-1243	210	19	pa	pa	PROPN
ajfa-1243	210	20	agency	agency	NOUN
ajfa-1243	210	21	costs	cost	NOUN
ajfa-1243	210	22	.	.	PUNCT
ajfa-1243	211	1	this	this	DET
ajfa-1243	211	2	finding	finding	NOUN
ajfa-1243	211	3	is	be	AUX
ajfa-1243	211	4	consistent	consistent	ADJ
ajfa-1243	211	5	with	with	ADP
ajfa-1243	211	6	jensen	jensen	PROPN
ajfa-1243	211	7	(	(	PUNCT
ajfa-1243	211	8	1993	1993	NUM
ajfa-1243	211	9	)	)	PUNCT
ajfa-1243	211	10	and	and	CCONJ
ajfa-1243	211	11	lipton	lipton	PROPN
ajfa-1243	211	12	&	&	CCONJ
ajfa-1243	211	13	lorsch	lorsch	PROPN
ajfa-1243	211	14	(	(	PUNCT
ajfa-1243	211	15	1992	1992	NUM
ajfa-1243	211	16	)	)	PUNCT
ajfa-1243	211	17	who	who	PRON
ajfa-1243	211	18	suggest	suggest	VERB
ajfa-1243	211	19	that	that	SCONJ
ajfa-1243	211	20	when	when	SCONJ
ajfa-1243	211	21	board	board	NOUN
ajfa-1243	211	22	size	size	NOUN
ajfa-1243	211	23	is	be	AUX
ajfa-1243	211	24	increased	increase	VERB
ajfa-1243	211	25	the	the	DET
ajfa-1243	211	26	agency	agency	NOUN
ajfa-1243	211	27	problem	problem	NOUN
ajfa-1243	211	28	positively	positively	ADV
ajfa-1243	211	29	significantly	significantly	ADV
ajfa-1243	211	30	increases	increase	VERB
ajfa-1243	211	31	within	within	ADP
ajfa-1243	211	32	the	the	DET
ajfa-1243	211	33	board	board	NOUN
ajfa-1243	211	34	.	.	PUNCT
ajfa-1243	212	1	due	due	ADP
ajfa-1243	212	2	to	to	ADP
ajfa-1243	212	3	the	the	DET
ajfa-1243	212	4	high	high	ADJ
ajfa-1243	212	5	existence	existence	NOUN
ajfa-1243	212	6	of	of	ADP
ajfa-1243	212	7	family	family	NOUN
ajfa-1243	212	8	businesses	business	NOUN
ajfa-1243	212	9	listed	list	VERB
ajfa-1243	212	10	on	on	ADP
ajfa-1243	212	11	the	the	DET
ajfa-1243	212	12	cse	cse	NOUN
ajfa-1243	212	13	(	(	PUNCT
ajfa-1243	212	14	masulis	masulis	PROPN
ajfa-1243	212	15	et	et	PROPN
ajfa-1243	212	16	al	al	PROPN
ajfa-1243	212	17	.	.	PROPN
ajfa-1243	212	18	,	,	PUNCT
ajfa-1243	212	19	2009	2009	NUM
ajfa-1243	212	20	)	)	PUNCT
ajfa-1243	212	21	,	,	PUNCT
ajfa-1243	212	22	the	the	DET
ajfa-1243	212	23	possibility	possibility	NOUN
ajfa-1243	212	24	of	of	ADP
ajfa-1243	212	25	free	free	ADJ
ajfa-1243	212	26	-	-	PUNCT
ajfa-1243	212	27	rider	rider	NOUN
ajfa-1243	212	28	problems	problem	NOUN
ajfa-1243	212	29	can	can	AUX
ajfa-1243	212	30	increase	increase	VERB
ajfa-1243	212	31	along	along	ADP
ajfa-1243	212	32	with	with	ADP
ajfa-1243	212	33	board	board	NOUN
ajfa-1243	212	34	size	size	NOUN
ajfa-1243	212	35	.	.	PUNCT
ajfa-1243	213	1	these	these	DET
ajfa-1243	213	2	large	large	ADJ
ajfa-1243	213	3	boards	board	NOUN
ajfa-1243	213	4	often	often	ADV
ajfa-1243	213	5	move	move	VERB
ajfa-1243	213	6	into	into	ADP
ajfa-1243	213	7	a	a	DET
ajfa-1243	213	8	more	more	ADV
ajfa-1243	213	9	figurative	figurative	ADJ
ajfa-1243	213	10	role	role	NOUN
ajfa-1243	213	11	,	,	PUNCT
ajfa-1243	213	12	rather	rather	ADV
ajfa-1243	213	13	than	than	ADP
ajfa-1243	213	14	fulfilling	fulfil	VERB
ajfa-1243	213	15	the	the	DET
ajfa-1243	213	16	intended	intend	VERB
ajfa-1243	213	17	functions	function	NOUN
ajfa-1243	213	18	as	as	ADP
ajfa-1243	213	19	part	part	NOUN
ajfa-1243	213	20	of	of	ADP
ajfa-1243	213	21	management	management	NOUN
ajfa-1243	213	22	.	.	PUNCT
ajfa-1243	214	1	moreover	moreover	ADV
ajfa-1243	214	2	,	,	PUNCT
ajfa-1243	214	3	the	the	DET
ajfa-1243	214	4	owner	owner	NOUN
ajfa-1243	214	5	variable	variable	NOUN
ajfa-1243	214	6	is	be	AUX
ajfa-1243	214	7	significantly	significantly	ADV
ajfa-1243	214	8	negatively	negatively	ADV
ajfa-1243	214	9	related	relate	VERB
ajfa-1243	214	10	with	with	ADP
ajfa-1243	214	11	pa	pa	PROPN
ajfa-1243	214	12	agency	agency	PROPN
ajfa-1243	214	13	costs	cost	NOUN
ajfa-1243	214	14	’	'	PUNCT
ajfa-1243	214	15	proxy	proxy	NOUN
ajfa-1243	214	16	,	,	PUNCT
ajfa-1243	214	17	indicating	indicate	VERB
ajfa-1243	214	18	local	local	ADJ
ajfa-1243	214	19	ownership	ownership	NOUN
ajfa-1243	214	20	increases	increase	NOUN
ajfa-1243	214	21	pa	pa	PROPN
ajfa-1243	214	22	agency	agency	PROPN
ajfa-1243	214	23	conflict	conflict	NOUN
ajfa-1243	214	24	.	.	PUNCT
ajfa-1243	215	1	compared	compare	VERB
ajfa-1243	215	2	to	to	ADP
ajfa-1243	215	3	foreign	foreign	ADJ
ajfa-1243	215	4	owned	own	VERB
ajfa-1243	215	5	firms	firm	NOUN
ajfa-1243	215	6	,	,	PUNCT
ajfa-1243	215	7	locally	locally	ADV
ajfa-1243	215	8	owned	own	VERB
ajfa-1243	215	9	firms	firm	NOUN
ajfa-1243	215	10	’	'	PUNCT
ajfa-1243	215	11	board	board	NOUN
ajfa-1243	215	12	recruitment	recruitment	NOUN
ajfa-1243	215	13	can	can	AUX
ajfa-1243	215	14	be	be	AUX
ajfa-1243	215	15	biased	bias	VERB
ajfa-1243	215	16	.	.	PUNCT
ajfa-1243	216	1	political	political	ADJ
ajfa-1243	216	2	and	and	CCONJ
ajfa-1243	216	3	family	family	NOUN
ajfa-1243	216	4	intervention	intervention	NOUN
ajfa-1243	216	5	is	be	AUX
ajfa-1243	216	6	common	common	ADJ
ajfa-1243	216	7	in	in	ADP
ajfa-1243	216	8	countries	country	NOUN
ajfa-1243	216	9	with	with	ADP
ajfa-1243	216	10	weak	weak	ADJ
ajfa-1243	216	11	legal	legal	ADJ
ajfa-1243	216	12	structures	structure	NOUN
ajfa-1243	216	13	like	like	ADP
ajfa-1243	216	14	sri	sri	PROPN
ajfa-1243	216	15	lanka	lanka	PROPN
ajfa-1243	216	16	.	.	PUNCT
ajfa-1243	217	1	sri	sri	PROPN
ajfa-1243	217	2	lanka	lanka	PROPN
ajfa-1243	217	3	’s	’s	PART
ajfa-1243	217	4	central	central	ADJ
ajfa-1243	217	5	government	government	NOUN
ajfa-1243	217	6	and	and	CCONJ
ajfa-1243	217	7	its	its	PRON
ajfa-1243	217	8	committees	committee	NOUN
ajfa-1243	217	9	are	be	AUX
ajfa-1243	217	10	the	the	DET
ajfa-1243	217	11	ultimate	ultimate	ADJ
ajfa-1243	217	12	authorities	authority	NOUN
ajfa-1243	217	13	over	over	ADP
ajfa-1243	217	14	the	the	DET
ajfa-1243	217	15	selection	selection	NOUN
ajfa-1243	217	16	and	and	CCONJ
ajfa-1243	217	17	appointment	appointment	NOUN
ajfa-1243	217	18	of	of	ADP
ajfa-1243	217	19	board	board	NOUN
ajfa-1243	217	20	chairpersons	chairperson	NOUN
ajfa-1243	217	21	and	and	CCONJ
ajfa-1243	217	22	most	most	ADJ
ajfa-1243	217	23	of	of	ADP
ajfa-1243	217	24	the	the	DET
ajfa-1243	217	25	top	top	ADJ
ajfa-1243	217	26	directors	director	NOUN
ajfa-1243	217	27	of	of	ADP
ajfa-1243	217	28	almost	almost	ADV
ajfa-1243	217	29	all	all	PRON
ajfa-1243	217	30	state	state	NOUN
ajfa-1243	217	31	-	-	PUNCT
ajfa-1243	217	32	owned	own	VERB
ajfa-1243	217	33	listed	list	VERB
ajfa-1243	217	34	companies	company	NOUN
ajfa-1243	217	35	.	.	PUNCT
ajfa-1243	218	1	therefore	therefore	ADV
ajfa-1243	218	2	,	,	PUNCT
ajfa-1243	218	3	local	local	ADJ
ajfa-1243	218	4	firms	firm	NOUN
ajfa-1243	218	5	’	'	PUNCT
ajfa-1243	218	6	ethnic	ethnic	ADJ
ajfa-1243	218	7	minority	minority	NOUN
ajfa-1243	218	8	directors	director	NOUN
ajfa-1243	218	9	may	may	AUX
ajfa-1243	218	10	not	not	PART
ajfa-1243	218	11	be	be	AUX
ajfa-1243	218	12	well	well	ADV
ajfa-1243	218	13	diversified	diversify	VERB
ajfa-1243	218	14	by	by	ADP
ajfa-1243	218	15	way	way	NOUN
ajfa-1243	218	16	of	of	ADP
ajfa-1243	218	17	skills	skill	NOUN
ajfa-1243	218	18	and	and	CCONJ
ajfa-1243	218	19	experience	experience	NOUN
ajfa-1243	218	20	and	and	CCONJ
ajfa-1243	218	21	they	they	PRON
ajfa-1243	218	22	reinforce	reinforce	VERB
ajfa-1243	218	23	agency	agency	NOUN
ajfa-1243	218	24	conflict	conflict	NOUN
ajfa-1243	218	25	in	in	ADP
ajfa-1243	218	26	the	the	DET
ajfa-1243	218	27	firms	firm	NOUN
ajfa-1243	218	28	.	.	PUNCT
ajfa-1243	219	1	interestingly	interestingly	ADV
ajfa-1243	219	2	,	,	PUNCT
ajfa-1243	219	3	results	result	NOUN
ajfa-1243	219	4	show	show	VERB
ajfa-1243	219	5	firm	firm	ADJ
ajfa-1243	219	6	debt	debt	NOUN
ajfa-1243	219	7	has	have	VERB
ajfa-1243	219	8	a	a	DET
ajfa-1243	219	9	significant	significant	ADJ
ajfa-1243	219	10	negative	negative	ADJ
ajfa-1243	219	11	impact	impact	NOUN
ajfa-1243	219	12	on	on	ADP
ajfa-1243	219	13	pa	pa	PROPN
ajfa-1243	219	14	agency	agency	PROPN
ajfa-1243	219	15	conflict	conflict	NOUN
ajfa-1243	219	16	in	in	ADP
ajfa-1243	219	17	a	a	DET
ajfa-1243	219	18	global	global	ADJ
ajfa-1243	219	19	financial	financial	ADJ
ajfa-1243	219	20	crisis	crisis	NOUN
ajfa-1243	219	21	.	.	PUNCT
ajfa-1243	220	1	this	this	PRON
ajfa-1243	220	2	may	may	AUX
ajfa-1243	220	3	be	be	AUX
ajfa-1243	220	4	because	because	SCONJ
ajfa-1243	220	5	banks	bank	NOUN
ajfa-1243	220	6	closely	closely	ADV
ajfa-1243	220	7	monitor	monitor	VERB
ajfa-1243	220	8	firms	firm	NOUN
ajfa-1243	220	9	to	to	PART
ajfa-1243	220	10	ensure	ensure	VERB
ajfa-1243	220	11	they	they	PRON
ajfa-1243	220	12	operate	operate	VERB
ajfa-1243	220	13	more	more	ADV
ajfa-1243	220	14	efficiently	efficiently	ADV
ajfa-1243	220	15	by	by	ADP
ajfa-1243	220	16	better	well	ADJ
ajfa-1243	220	17	utilising	utilise	VERB
ajfa-1243	220	18	assets	asset	NOUN
ajfa-1243	220	19	and	and	CCONJ
ajfa-1243	220	20	limiting	limit	VERB
ajfa-1243	220	21	perk	perk	NOUN
ajfa-1243	220	22	consumption	consumption	NOUN
ajfa-1243	220	23	as	as	SCONJ
ajfa-1243	220	24	the	the	DET
ajfa-1243	220	25	firm	firm	NOUN
ajfa-1243	220	26	attempts	attempt	VERB
ajfa-1243	220	27	to	to	PART
ajfa-1243	220	28	improve	improve	VERB
ajfa-1243	220	29	its	its	PRON
ajfa-1243	220	30	reported	report	VERB
ajfa-1243	220	31	financial	financial	ADJ
ajfa-1243	220	32	performance	performance	NOUN
ajfa-1243	220	33	to	to	ADP
ajfa-1243	220	34	the	the	DET
ajfa-1243	220	35	bank	bank	NOUN
ajfa-1243	220	36	(	(	PUNCT
ajfa-1243	220	37	ang	ang	INTJ
ajfa-1243	220	38	et	et	PROPN
ajfa-1243	220	39	al	al	PROPN
ajfa-1243	220	40	.	.	PROPN
ajfa-1243	220	41	,	,	PUNCT
ajfa-1243	220	42	2000	2000	NUM
ajfa-1243	220	43	)	)	PUNCT
ajfa-1243	220	44	.	.	PUNCT
ajfa-1243	221	1	table	table	NOUN
ajfa-1243	221	2	2	2	NUM
ajfa-1243	221	3	further	far	ADV
ajfa-1243	221	4	indicates	indicate	VERB
ajfa-1243	221	5	board	board	NOUN
ajfa-1243	221	6	minority	minority	NOUN
ajfa-1243	221	7	-	-	PUNCT
ajfa-1243	221	8	director	director	NOUN
ajfa-1243	221	9	percentage	percentage	NOUN
ajfa-1243	221	10	,	,	PUNCT
ajfa-1243	221	11	or	or	CCONJ
ajfa-1243	221	12	the	the	DET
ajfa-1243	221	13	presence	presence	NOUN
ajfa-1243	221	14	of	of	ADP
ajfa-1243	221	15	minority	minority	NOUN
ajfa-1243	221	16	directors	director	NOUN
ajfa-1243	221	17	on	on	ADP
ajfa-1243	221	18	a	a	DET
ajfa-1243	221	19	board	board	NOUN
ajfa-1243	221	20	,	,	PUNCT
ajfa-1243	221	21	does	do	AUX
ajfa-1243	221	22	not	not	PART
ajfa-1243	221	23	have	have	VERB
ajfa-1243	221	24	significant	significant	ADJ
ajfa-1243	221	25	impact	impact	NOUN
ajfa-1243	221	26	on	on	ADP
ajfa-1243	221	27	pp	pp	PROPN
ajfa-1243	221	28	agency	agency	NOUN
ajfa-1243	221	29	costs	cost	NOUN
ajfa-1243	221	30	in	in	ADP
ajfa-1243	221	31	a	a	DET
ajfa-1243	221	32	global	global	ADJ
ajfa-1243	221	33	financial	financial	ADJ
ajfa-1243	221	34	crisis	crisis	NOUN
ajfa-1243	221	35	.	.	PUNCT
ajfa-1243	222	1	tunnelling	tunnelling	NOUN
ajfa-1243	222	2	and	and	CCONJ
ajfa-1243	222	3	expropriation	expropriation	NOUN
ajfa-1243	222	4	of	of	ADP
ajfa-1243	222	5	minority	minority	NOUN
ajfa-1243	222	6	shareholders	shareholder	NOUN
ajfa-1243	222	7	by	by	ADP
ajfa-1243	222	8	majority	majority	NOUN
ajfa-1243	222	9	shareowners	shareowner	NOUN
ajfa-1243	222	10	is	be	AUX
ajfa-1243	222	11	prevalent	prevalent	ADJ
ajfa-1243	222	12	in	in	ADP
ajfa-1243	222	13	emerging	emerge	VERB
ajfa-1243	222	14	markets	market	NOUN
ajfa-1243	222	15	(	(	PUNCT
ajfa-1243	222	16	claessens	claessen	VERB
ajfa-1243	222	17	et	et	PROPN
ajfa-1243	222	18	al	al	PROPN
ajfa-1243	222	19	.	.	PROPN
ajfa-1243	222	20	,	,	PUNCT
ajfa-1243	222	21	2000	2000	NUM
ajfa-1243	222	22	)	)	PUNCT
ajfa-1243	222	23	.	.	PUNCT
ajfa-1243	223	1	this	this	DET
ajfa-1243	223	2	study	study	NOUN
ajfa-1243	223	3	indicates	indicate	VERB
ajfa-1243	223	4	,	,	PUNCT
ajfa-1243	223	5	mino	mino	PROPN
ajfa-1243	223	6	and	and	CCONJ
ajfa-1243	223	7	dmino	dmino	NOUN
ajfa-1243	223	8	variables	variable	NOUN
ajfa-1243	223	9	have	have	VERB
ajfa-1243	223	10	significant	significant	ADJ
ajfa-1243	223	11	negative	negative	ADJ
ajfa-1243	223	12	impact	impact	NOUN
ajfa-1243	223	13	on	on	ADP
ajfa-1243	223	14	pp	pp	PROPN
ajfa-1243	223	15	agency	agency	NOUN
ajfa-1243	223	16	costs	cost	NOUN
ajfa-1243	223	17	’	'	PUNCT
ajfa-1243	223	18	proxy	proxy	NOUN
ajfa-1243	223	19	in	in	ADP
ajfa-1243	223	20	stable	stable	ADJ
ajfa-1243	223	21	asian	asian	ADJ
ajfa-1243	223	22	journal	journal	NOUN
ajfa-1243	223	23	of	of	ADP
ajfa-1243	223	24	finance	finance	PROPN
ajfa-1243	223	25	&	&	CCONJ
ajfa-1243	223	26	accounting	accounting	PROPN
ajfa-1243	223	27	issn	issn	PROPN
ajfa-1243	223	28	1946	1946	NUM
ajfa-1243	223	29	-	-	PUNCT
ajfa-1243	223	30	052x	052x	NOUN
ajfa-1243	223	31	2012	2012	NUM
ajfa-1243	223	32	,	,	PUNCT
ajfa-1243	223	33	vol	vol	NOUN
ajfa-1243	223	34	.	.	PROPN
ajfa-1243	224	1	4	4	NUM
ajfa-1243	224	2	,	,	PUNCT
ajfa-1243	224	3	no	no	INTJ
ajfa-1243	224	4	.	.	NOUN
ajfa-1243	224	5	1	1	NUM
ajfa-1243	224	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	224	7	63	63	NUM
ajfa-1243	224	8	economic	economic	ADJ
ajfa-1243	224	9	times	time	NOUN
ajfa-1243	224	10	,	,	PUNCT
ajfa-1243	224	11	showing	show	VERB
ajfa-1243	224	12	1	1	NUM
ajfa-1243	224	13	%	%	NOUN
ajfa-1243	224	14	significant	significant	ADJ
ajfa-1243	224	15	negative	negative	ADJ
ajfa-1243	224	16	relationship	relationship	NOUN
ajfa-1243	224	17	between	between	ADP
ajfa-1243	224	18	firm	firm	NOUN
ajfa-1243	224	19	pp	pp	PROPN
ajfa-1243	224	20	agency	agency	NOUN
ajfa-1243	224	21	costs	cost	NOUN
ajfa-1243	224	22	and	and	CCONJ
ajfa-1243	224	23	minority	minority	NOUN
ajfa-1243	224	24	variables	variable	NOUN
ajfa-1243	224	25	.	.	PUNCT
ajfa-1243	225	1	this	this	PRON
ajfa-1243	225	2	indicates	indicate	VERB
ajfa-1243	225	3	board	board	NOUN
ajfa-1243	225	4	ethnic	ethnic	ADJ
ajfa-1243	225	5	diversity	diversity	NOUN
ajfa-1243	225	6	increases	increase	VERB
ajfa-1243	225	7	firm	firm	ADJ
ajfa-1243	225	8	monitoring	monitoring	NOUN
ajfa-1243	225	9	and	and	CCONJ
ajfa-1243	225	10	condenses	condense	VERB
ajfa-1243	225	11	expropriation	expropriation	NOUN
ajfa-1243	225	12	and	and	CCONJ
ajfa-1243	225	13	tunnelling	tunnelling	NOUN
ajfa-1243	225	14	of	of	ADP
ajfa-1243	225	15	minority	minority	NOUN
ajfa-1243	225	16	shareholders	shareholder	NOUN
ajfa-1243	225	17	.	.	PUNCT
ajfa-1243	226	1	however	however	ADV
ajfa-1243	226	2	,	,	PUNCT
ajfa-1243	226	3	results	result	NOUN
ajfa-1243	226	4	indicate	indicate	VERB
ajfa-1243	226	5	that	that	SCONJ
ajfa-1243	226	6	board	board	NOUN
ajfa-1243	226	7	ethnic	ethnic	ADJ
ajfa-1243	226	8	diversity	diversity	NOUN
ajfa-1243	226	9	is	be	AUX
ajfa-1243	226	10	only	only	ADV
ajfa-1243	226	11	an	an	DET
ajfa-1243	226	12	effective	effective	ADJ
ajfa-1243	226	13	mechanism	mechanism	NOUN
ajfa-1243	226	14	for	for	ADP
ajfa-1243	226	15	mitigating	mitigate	VERB
ajfa-1243	226	16	pp	pp	ADP
ajfa-1243	226	17	agency	agency	NOUN
ajfa-1243	226	18	costs	cost	NOUN
ajfa-1243	226	19	in	in	ADP
ajfa-1243	226	20	stable	stable	ADJ
ajfa-1243	226	21	economic	economic	ADJ
ajfa-1243	226	22	times	time	NOUN
ajfa-1243	226	23	.	.	PUNCT
ajfa-1243	227	1	finally	finally	ADV
ajfa-1243	227	2	,	,	PUNCT
ajfa-1243	227	3	results	result	NOUN
ajfa-1243	227	4	show	show	VERB
ajfa-1243	227	5	the	the	DET
ajfa-1243	227	6	owner	owner	NOUN
ajfa-1243	227	7	variable	variable	NOUN
ajfa-1243	227	8	shows	show	VERB
ajfa-1243	227	9	a	a	DET
ajfa-1243	227	10	1	1	NUM
ajfa-1243	227	11	%	%	NOUN
ajfa-1243	227	12	statistically	statistically	ADV
ajfa-1243	227	13	significant	significant	ADJ
ajfa-1243	227	14	negative	negative	ADJ
ajfa-1243	227	15	relationship	relationship	NOUN
ajfa-1243	227	16	with	with	ADP
ajfa-1243	227	17	pp	pp	PROPN
ajfa-1243	227	18	agency	agency	NOUN
ajfa-1243	227	19	costs	cost	NOUN
ajfa-1243	227	20	.	.	PUNCT
ajfa-1243	228	1	table2	table2	PROPN
ajfa-1243	228	2	.	.	PUNCT
ajfa-1243	229	1	regression	regression	NOUN
ajfa-1243	229	2	results	result	NOUN
ajfa-1243	229	3	of	of	ADP
ajfa-1243	229	4	board	board	NOUN
ajfa-1243	229	5	ethnic	ethnic	ADJ
ajfa-1243	229	6	diversity	diversity	NOUN
ajfa-1243	229	7	and	and	CCONJ
ajfa-1243	229	8	agency	agency	NOUN
ajfa-1243	229	9	costs	cost	NOUN
ajfa-1243	229	10	pa	pa	PROPN
ajfa-1243	229	11	-	-	ADJ
ajfa-1243	229	12	financial	financial	ADJ
ajfa-1243	229	13	crisis	crisis	NOUN
ajfa-1243	229	14	pa	pa	PROPN
ajfa-1243	229	15	-	-	PUNCT
ajfa-1243	229	16	non	non	X
ajfa-1243	229	17	financial	financial	ADJ
ajfa-1243	229	18	crisis	crisis	NOUN
ajfa-1243	229	19	pp	pp	ADP
ajfa-1243	229	20	-	-	PUNCT
ajfa-1243	229	21	financial	financial	ADJ
ajfa-1243	229	22	crisis	crisis	NOUN
ajfa-1243	229	23	pp	pp	PROPN
ajfa-1243	229	24	-	-	PUNCT
ajfa-1243	229	25	non	non	X
ajfa-1243	229	26	financial	financial	ADJ
ajfa-1243	229	27	crisis	crisis	NOUN
ajfa-1243	229	28	variable	variable	ADJ
ajfa-1243	229	29	coefficient	coefficient	NOUN
ajfa-1243	229	30	-	-	PUNCT
ajfa-1243	229	31	ols	ol	NOUN
ajfa-1243	229	32	(	(	PUNCT
ajfa-1243	229	33	2	2	NUM
ajfa-1243	229	34	)	)	PUNCT
ajfa-1243	229	35	coefficient-2sls	coefficient-2sls	NOUN
ajfa-1243	229	36	(	(	PUNCT
ajfa-1243	229	37	3	3	X
ajfa-1243	229	38	)	)	PUNCT
ajfa-1243	229	39	coefficient	coefficient	NOUN
ajfa-1243	229	40	-	-	PUNCT
ajfa-1243	229	41	ols	ol	NOUN
ajfa-1243	229	42	(	(	PUNCT
ajfa-1243	229	43	4	4	NUM
ajfa-1243	229	44	)	)	PUNCT
ajfa-1243	229	45	coefficient-2sls	coefficient-2sls	NOUN
ajfa-1243	229	46	(	(	PUNCT
ajfa-1243	229	47	5	5	NUM
ajfa-1243	229	48	)	)	PUNCT
ajfa-1243	229	49	coefficient	coefficient	NOUN
ajfa-1243	229	50	-	-	PUNCT
ajfa-1243	229	51	ols	ol	NOUN
ajfa-1243	229	52	(	(	PUNCT
ajfa-1243	229	53	6	6	NUM
ajfa-1243	229	54	)	)	PUNCT
ajfa-1243	229	55	coefficient-2sls	coefficient-2sls	NOUN
ajfa-1243	229	56	(	(	PUNCT
ajfa-1243	229	57	7	7	X
ajfa-1243	229	58	)	)	PUNCT
ajfa-1243	229	59	coefficient	coefficient	NOUN
ajfa-1243	229	60	-	-	PUNCT
ajfa-1243	229	61	ols	ol	NOUN
ajfa-1243	229	62	(	(	PUNCT
ajfa-1243	229	63	8)	8)	NUM
ajfa-1243	229	64	coefficient-2sls	coefficient-2sls	NOUN
ajfa-1243	229	65	(	(	PUNCT
ajfa-1243	229	66	9	9	X
ajfa-1243	229	67	)	)	PUNCT
ajfa-1243	229	68	constant	constant	ADJ
ajfa-1243	229	69	-.4224061	-.4224061	PUNCT
ajfa-1243	229	70	(	(	PUNCT
ajfa-1243	229	71	.3507244	.3507244	NOUN
ajfa-1243	229	72	)	)	PUNCT
ajfa-1243	229	73	-.4099763	-.4099763	PUNCT
ajfa-1243	229	74	(	(	PUNCT
ajfa-1243	229	75	.3590398	.3590398	NOUN
ajfa-1243	229	76	)	)	PUNCT
ajfa-1243	229	77	-.6232533	-.6232533	PUNCT
ajfa-1243	230	1	*	*	PUNCT
ajfa-1243	230	2	*	*	PUNCT
ajfa-1243	230	3	*	*	PUNCT
ajfa-1243	230	4	(	(	PUNCT
ajfa-1243	230	5	.184966	.184966	PROPN
ajfa-1243	230	6	)	)	PUNCT
ajfa-1243	230	7	-.6265047	-.6265047	PUNCT
ajfa-1243	230	8	*	*	PUNCT
ajfa-1243	230	9	*	*	PUNCT
ajfa-1243	230	10	*	*	PUNCT
ajfa-1243	230	11	(	(	PUNCT
ajfa-1243	230	12	.1917891	.1917891	PROPN
ajfa-1243	230	13	)	)	PUNCT
ajfa-1243	230	14	.6619877	.6619877	PROPN
ajfa-1243	231	1	*	*	PUNCT
ajfa-1243	231	2	*	*	PUNCT
ajfa-1243	231	3	(	(	PUNCT
ajfa-1243	231	4	.3293341	.3293341	PROPN
ajfa-1243	231	5	)	)	PUNCT
ajfa-1243	231	6	.5935541	.5935541	PROPN
ajfa-1243	232	1	*	*	PUNCT
ajfa-1243	232	2	*	*	PUNCT
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ajfa-1243	232	4	.2967112	.2967112	PROPN
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ajfa-1243	255	59	*	*	PUNCT
ajfa-1243	255	60	*	*	PUNCT
ajfa-1243	255	61	significant	significant	ADJ
ajfa-1243	255	62	at	at	ADP
ajfa-1243	255	63	1	1	NUM
ajfa-1243	255	64	%	%	NOUN
ajfa-1243	255	65	level	level	NOUN
ajfa-1243	255	66	;	;	PUNCT
ajfa-1243	255	67	this	this	DET
ajfa-1243	255	68	model	model	NOUN
ajfa-1243	255	69	provides	provide	VERB
ajfa-1243	255	70	standard	standard	ADJ
ajfa-1243	255	71	errors	error	NOUN
ajfa-1243	255	72	which	which	PRON
ajfa-1243	255	73	are	be	AUX
ajfa-1243	255	74	in	in	ADP
ajfa-1243	255	75	parentheses	parenthesis	NOUN
ajfa-1243	255	76	5	5	NUM
ajfa-1243	255	77	.	.	PUNCT
ajfa-1243	255	78	conclusion	conclusion	NOUN
ajfa-1243	255	79	and	and	CCONJ
ajfa-1243	255	80	implications	implication	NOUN
ajfa-1243	255	81	this	this	DET
ajfa-1243	255	82	study	study	NOUN
ajfa-1243	255	83	offers	offer	VERB
ajfa-1243	255	84	new	new	ADJ
ajfa-1243	255	85	insights	insight	NOUN
ajfa-1243	255	86	into	into	ADP
ajfa-1243	255	87	the	the	DET
ajfa-1243	255	88	relationship	relationship	NOUN
ajfa-1243	255	89	between	between	ADP
ajfa-1243	255	90	board	board	NOUN
ajfa-1243	255	91	ethnic	ethnic	ADJ
ajfa-1243	255	92	diversification	diversification	NOUN
ajfa-1243	255	93	and	and	CCONJ
ajfa-1243	255	94	agency	agency	NOUN
ajfa-1243	255	95	costs	cost	NOUN
ajfa-1243	255	96	in	in	ADP
ajfa-1243	255	97	a	a	DET
ajfa-1243	255	98	sri	sri	ADJ
ajfa-1243	255	99	lankan	lankan	ADJ
ajfa-1243	255	100	context	context	NOUN
ajfa-1243	255	101	.	.	PUNCT
ajfa-1243	256	1	approximately	approximately	ADV
ajfa-1243	256	2	40	40	NUM
ajfa-1243	256	3	%	%	NOUN
ajfa-1243	256	4	of	of	ADP
ajfa-1243	256	5	sri	sri	PROPN
ajfa-1243	256	6	lankan	lankan	PROPN
ajfa-1243	256	7	listed	list	VERB
ajfa-1243	256	8	board	board	NOUN
ajfa-1243	256	9	members	member	NOUN
ajfa-1243	256	10	are	be	AUX
ajfa-1243	256	11	from	from	ADP
ajfa-1243	256	12	ethnic	ethnic	ADJ
ajfa-1243	256	13	minorities	minority	NOUN
ajfa-1243	256	14	.	.	PUNCT
ajfa-1243	257	1	the	the	DET
ajfa-1243	257	2	recent	recent	ADJ
ajfa-1243	257	3	global	global	ADJ
ajfa-1243	257	4	financial	financial	ADJ
ajfa-1243	257	5	crisis	crisis	NOUN
ajfa-1243	257	6	is	be	AUX
ajfa-1243	257	7	one	one	NUM
ajfa-1243	257	8	reason	reason	NOUN
ajfa-1243	257	9	for	for	ADP
ajfa-1243	257	10	recruiting	recruit	VERB
ajfa-1243	257	11	more	more	ADJ
ajfa-1243	257	12	ethnic	ethnic	ADJ
ajfa-1243	257	13	minorities	minority	NOUN
ajfa-1243	257	14	on	on	ADP
ajfa-1243	257	15	to	to	ADP
ajfa-1243	257	16	corporate	corporate	ADJ
ajfa-1243	257	17	boards	board	NOUN
ajfa-1243	257	18	in	in	ADP
ajfa-1243	257	19	sri	sri	PROPN
ajfa-1243	257	20	lanka	lanka	PROPN
ajfa-1243	257	21	.	.	PUNCT
ajfa-1243	258	1	though	though	SCONJ
ajfa-1243	258	2	ethnic	ethnic	ADJ
ajfa-1243	258	3	diversification	diversification	NOUN
ajfa-1243	258	4	adds	add	VERB
ajfa-1243	258	5	value	value	NOUN
ajfa-1243	258	6	to	to	PART
ajfa-1243	258	7	sri	sri	VERB
ajfa-1243	258	8	lankan	lankan	ADJ
ajfa-1243	258	9	firms	firm	NOUN
ajfa-1243	258	10	in	in	ADP
ajfa-1243	258	11	financial	financial	ADJ
ajfa-1243	258	12	stable	stable	ADJ
ajfa-1243	258	13	times	time	NOUN
ajfa-1243	258	14	,	,	PUNCT
ajfa-1243	258	15	this	this	DET
ajfa-1243	258	16	study	study	NOUN
ajfa-1243	258	17	indicates	indicate	VERB
ajfa-1243	258	18	board	board	NOUN
ajfa-1243	258	19	ethnic	ethnic	ADJ
ajfa-1243	258	20	diversity	diversity	NOUN
ajfa-1243	258	21	increases	increase	VERB
ajfa-1243	258	22	agency	agency	NOUN
ajfa-1243	258	23	conflict	conflict	NOUN
ajfa-1243	258	24	during	during	ADP
ajfa-1243	258	25	times	time	NOUN
ajfa-1243	258	26	of	of	ADP
ajfa-1243	258	27	high	high	ADJ
ajfa-1243	258	28	financial	financial	ADJ
ajfa-1243	258	29	uncertainty	uncertainty	NOUN
ajfa-1243	258	30	,	,	PUNCT
ajfa-1243	258	31	such	such	ADJ
ajfa-1243	258	32	as	as	ADP
ajfa-1243	258	33	a	a	DET
ajfa-1243	258	34	global	global	ADJ
ajfa-1243	258	35	financial	financial	ADJ
ajfa-1243	258	36	crisis	crisis	NOUN
ajfa-1243	258	37	.	.	PUNCT
ajfa-1243	259	1	asian	asian	ADJ
ajfa-1243	259	2	journal	journal	PROPN
ajfa-1243	259	3	of	of	ADP
ajfa-1243	259	4	finance	finance	PROPN
ajfa-1243	259	5	&	&	CCONJ
ajfa-1243	259	6	accounting	accounting	PROPN
ajfa-1243	259	7	issn	issn	PROPN
ajfa-1243	259	8	1946	1946	NUM
ajfa-1243	259	9	-	-	PUNCT
ajfa-1243	259	10	052x	052x	NOUN
ajfa-1243	259	11	2012	2012	NUM
ajfa-1243	259	12	,	,	PUNCT
ajfa-1243	259	13	vol	vol	NOUN
ajfa-1243	259	14	.	.	PROPN
ajfa-1243	259	15	4	4	NUM
ajfa-1243	259	16	,	,	PUNCT
ajfa-1243	259	17	no	no	INTJ
ajfa-1243	259	18	.	.	NOUN
ajfa-1243	259	19	1	1	NUM
ajfa-1243	259	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1243	259	21	64	64	NUM
ajfa-1243	259	22	the	the	DET
ajfa-1243	259	23	reason	reason	NOUN
ajfa-1243	259	24	for	for	ADP
ajfa-1243	259	25	the	the	DET
ajfa-1243	259	26	high	high	ADJ
ajfa-1243	259	27	percentage	percentage	NOUN
ajfa-1243	259	28	of	of	ADP
ajfa-1243	259	29	ethnic	ethnic	ADJ
ajfa-1243	259	30	minority	minority	NOUN
ajfa-1243	259	31	directors	director	NOUN
ajfa-1243	259	32	on	on	ADP
ajfa-1243	259	33	sri	sri	ADJ
ajfa-1243	259	34	lankan	lankan	PROPN
ajfa-1243	259	35	boards	board	NOUN
ajfa-1243	259	36	may	may	AUX
ajfa-1243	259	37	be	be	AUX
ajfa-1243	259	38	due	due	ADJ
ajfa-1243	259	39	to	to	ADP
ajfa-1243	259	40	restructuring	restructuring	NOUN
ajfa-1243	259	41	or	or	CCONJ
ajfa-1243	259	42	downsizing	downsizing	NOUN
ajfa-1243	259	43	of	of	ADP
ajfa-1243	259	44	firms	firm	NOUN
ajfa-1243	259	45	during	during	ADP
ajfa-1243	259	46	an	an	DET
ajfa-1243	259	47	economic	economic	ADJ
ajfa-1243	259	48	;	;	PUNCT
ajfa-1243	259	49	firms	firm	NOUN
ajfa-1243	259	50	try	try	VERB
ajfa-1243	259	51	to	to	PART
ajfa-1243	259	52	keep	keep	VERB
ajfa-1243	259	53	low	low	ADJ
ajfa-1243	259	54	paid	pay	VERB
ajfa-1243	259	55	ethnic	ethnic	ADJ
ajfa-1243	259	56	minority	minority	NOUN
ajfa-1243	259	57	directors	director	NOUN
ajfa-1243	259	58	rather	rather	ADV
ajfa-1243	259	59	than	than	ADP
ajfa-1243	259	60	highly	highly	ADV
ajfa-1243	259	61	paid	pay	VERB
ajfa-1243	259	62	ethnic	ethnic	ADJ
ajfa-1243	259	63	majority	majority	NOUN
ajfa-1243	259	64	directors	director	NOUN
ajfa-1243	259	65	.	.	PUNCT
ajfa-1243	260	1	ethnic	ethnic	ADJ
ajfa-1243	260	2	minority	minority	NOUN
ajfa-1243	260	3	directors	director	NOUN
ajfa-1243	260	4	may	may	AUX
ajfa-1243	260	5	only	only	ADV
ajfa-1243	260	6	increase	increase	VERB
ajfa-1243	260	7	number	number	NOUN
ajfa-1243	260	8	of	of	ADP
ajfa-1243	260	9	ethnic	ethnic	ADJ
ajfa-1243	260	10	minority	minority	NOUN
ajfa-1243	260	11	representation	representation	NOUN
ajfa-1243	260	12	and	and	CCONJ
ajfa-1243	260	13	not	not	PART
ajfa-1243	260	14	be	be	AUX
ajfa-1243	260	15	effective	effective	ADJ
ajfa-1243	260	16	in	in	ADP
ajfa-1243	260	17	the	the	DET
ajfa-1243	260	18	company	company	NOUN
ajfa-1243	260	19	.	.	PUNCT
ajfa-1243	261	1	moreover	moreover	ADV
ajfa-1243	261	2	,	,	PUNCT
ajfa-1243	261	3	especially	especially	ADV
ajfa-1243	261	4	in	in	ADP
ajfa-1243	261	5	global	global	ADJ
ajfa-1243	261	6	financial	financial	ADJ
ajfa-1243	261	7	crisis	crisis	NOUN
ajfa-1243	261	8	,	,	PUNCT
ajfa-1243	261	9	external	external	ADJ
ajfa-1243	261	10	governance	governance	NOUN
ajfa-1243	261	11	bodies	body	NOUN
ajfa-1243	261	12	and	and	CCONJ
ajfa-1243	261	13	stakeholders	stakeholder	NOUN
ajfa-1243	261	14	are	be	AUX
ajfa-1243	261	15	more	more	ADV
ajfa-1243	261	16	likely	likely	ADJ
ajfa-1243	261	17	to	to	PART
ajfa-1243	261	18	consider	consider	VERB
ajfa-1243	261	19	board	board	NOUN
ajfa-1243	261	20	diversity	diversity	NOUN
ajfa-1243	261	21	.	.	PUNCT
ajfa-1243	262	1	ideally	ideally	ADV
ajfa-1243	262	2	,	,	PUNCT
ajfa-1243	262	3	board	board	NOUN
ajfa-1243	262	4	diversity	diversity	NOUN
ajfa-1243	262	5	should	should	AUX
ajfa-1243	262	6	increase	increase	VERB
ajfa-1243	262	7	the	the	DET
ajfa-1243	262	8	talent	talent	NOUN
ajfa-1243	262	9	and	and	CCONJ
ajfa-1243	262	10	skills	skill	NOUN
ajfa-1243	262	11	of	of	ADP
ajfa-1243	262	12	the	the	DET
ajfa-1243	262	13	board	board	NOUN
ajfa-1243	262	14	.	.	PUNCT
ajfa-1243	263	1	however	however	ADV
ajfa-1243	263	2	,	,	PUNCT
ajfa-1243	263	3	most	most	ADV
ajfa-1243	263	4	probably	probably	ADV
ajfa-1243	263	5	,	,	PUNCT
ajfa-1243	263	6	board	board	NOUN
ajfa-1243	263	7	members	member	NOUN
ajfa-1243	263	8	are	be	AUX
ajfa-1243	263	9	selected	select	VERB
ajfa-1243	263	10	from	from	ADP
ajfa-1243	263	11	personal	personal	ADJ
ajfa-1243	263	12	or	or	CCONJ
ajfa-1243	263	13	political	political	ADJ
ajfa-1243	263	14	contacts	contact	NOUN
ajfa-1243	263	15	of	of	ADP
ajfa-1243	263	16	the	the	DET
ajfa-1243	263	17	ceo	ceo	NOUN
ajfa-1243	263	18	or	or	CCONJ
ajfa-1243	263	19	other	other	ADJ
ajfa-1243	263	20	board	board	NOUN
ajfa-1243	263	21	directors	director	NOUN
ajfa-1243	263	22	(	(	PUNCT
ajfa-1243	263	23	langevoort	langevoort	NOUN
ajfa-1243	263	24	,	,	PUNCT
ajfa-1243	263	25	2011	2011	NUM
ajfa-1243	263	26	)	)	PUNCT
ajfa-1243	263	27	.	.	PUNCT
ajfa-1243	264	1	this	this	PRON
ajfa-1243	264	2	is	be	AUX
ajfa-1243	264	3	prevalent	prevalent	ADJ
ajfa-1243	264	4	in	in	ADP
ajfa-1243	264	5	emerging	emerge	VERB
ajfa-1243	264	6	markets	market	NOUN
ajfa-1243	264	7	.	.	PUNCT
ajfa-1243	265	1	therefore	therefore	ADV
ajfa-1243	265	2	the	the	DET
ajfa-1243	265	3	recruiting	recruiting	NOUN
ajfa-1243	265	4	process	process	NOUN
ajfa-1243	265	5	needs	need	VERB
ajfa-1243	265	6	to	to	PART
ajfa-1243	265	7	be	be	AUX
ajfa-1243	265	8	more	more	ADV
ajfa-1243	265	9	transparent	transparent	ADJ
ajfa-1243	265	10	and	and	CCONJ
ajfa-1243	265	11	consideration	consideration	NOUN
ajfa-1243	265	12	given	give	VERB
ajfa-1243	265	13	to	to	ADP
ajfa-1243	265	14	any	any	DET
ajfa-1243	265	15	potential	potential	ADJ
ajfa-1243	265	16	director	director	NOUN
ajfa-1243	265	17	’s	’s	PART
ajfa-1243	265	18	knowledge	knowledge	NOUN
ajfa-1243	265	19	and	and	CCONJ
ajfa-1243	265	20	appropriateness	appropriateness	NOUN
ajfa-1243	265	21	for	for	ADP
ajfa-1243	265	22	the	the	DET
ajfa-1243	265	23	company	company	NOUN
ajfa-1243	265	24	.	.	PUNCT
ajfa-1243	266	1	as	as	ADP
ajfa-1243	266	2	a	a	DET
ajfa-1243	266	3	country	country	NOUN
ajfa-1243	266	4	with	with	ADP
ajfa-1243	266	5	many	many	ADJ
ajfa-1243	266	6	ethnic	ethnic	ADJ
ajfa-1243	266	7	minorities	minority	NOUN
ajfa-1243	266	8	,	,	PUNCT
ajfa-1243	266	9	it	it	PRON
ajfa-1243	266	10	is	be	AUX
ajfa-1243	266	11	required	require	VERB
ajfa-1243	266	12	to	to	PART
ajfa-1243	266	13	have	have	VERB
ajfa-1243	266	14	some	some	DET
ajfa-1243	266	15	social	social	ADJ
ajfa-1243	266	16	programmes	programme	NOUN
ajfa-1243	266	17	in	in	ADP
ajfa-1243	266	18	place	place	NOUN
ajfa-1243	266	19	to	to	PART
ajfa-1243	266	20	reduce	reduce	VERB
ajfa-1243	266	21	the	the	DET
ajfa-1243	266	22	effect	effect	NOUN
ajfa-1243	266	23	of	of	ADP
ajfa-1243	266	24	being	be	AUX
ajfa-1243	266	25	minority	minority	NOUN
ajfa-1243	266	26	in	in	ADP
ajfa-1243	266	27	a	a	DET
ajfa-1243	266	28	social	social	ADJ
ajfa-1243	266	29	group	group	NOUN
ajfa-1243	266	30	.	.	PUNCT
ajfa-1243	267	1	it	it	PRON
ajfa-1243	267	2	can	can	AUX
ajfa-1243	267	3	decrease	decrease	VERB
ajfa-1243	267	4	boundary	boundary	ADJ
ajfa-1243	267	5	heightening	heightening	NOUN
ajfa-1243	267	6	and	and	CCONJ
ajfa-1243	267	7	exaggeration	exaggeration	NOUN
ajfa-1243	267	8	by	by	ADP
ajfa-1243	267	9	dominants	dominant	NOUN
ajfa-1243	267	10	emphasis	emphasis	VERB
ajfa-1243	267	11	the	the	DET
ajfa-1243	267	12	difference	difference	NOUN
ajfa-1243	267	13	between	between	ADP
ajfa-1243	267	14	minority	minority	NOUN
ajfa-1243	267	15	and	and	CCONJ
ajfa-1243	267	16	majority	majority	NOUN
ajfa-1243	267	17	in	in	ADP
ajfa-1243	267	18	work	work	NOUN
ajfa-1243	267	19	places	place	NOUN
ajfa-1243	267	20	.	.	PUNCT
ajfa-1243	268	1	this	this	PRON
ajfa-1243	268	2	leads	lead	VERB
ajfa-1243	268	3	to	to	ADP
ajfa-1243	268	4	a	a	DET
ajfa-1243	268	5	reduction	reduction	NOUN
ajfa-1243	268	6	in	in	ADP
ajfa-1243	268	7	negative	negative	ADJ
ajfa-1243	268	8	workplace	workplace	NOUN
ajfa-1243	268	9	experiences	experience	NOUN
ajfa-1243	268	10	for	for	ADP
ajfa-1243	268	11	minority	minority	NOUN
ajfa-1243	268	12	groups	group	NOUN
ajfa-1243	268	13	,	,	PUNCT
ajfa-1243	268	14	helps	help	VERB
ajfa-1243	268	15	to	to	PART
ajfa-1243	268	16	reduce	reduce	VERB
ajfa-1243	268	17	the	the	DET
ajfa-1243	268	18	“	"	PUNCT
ajfa-1243	268	19	token	token	ADJ
ajfa-1243	268	20	”	"	PUNCT
ajfa-1243	268	21	experience	experience	NOUN
ajfa-1243	268	22	of	of	ADP
ajfa-1243	268	23	minority	minority	NOUN
ajfa-1243	268	24	directors	director	NOUN
ajfa-1243	268	25	and	and	CCONJ
ajfa-1243	268	26	hence	hence	ADV
ajfa-1243	268	27	improves	improve	VERB
ajfa-1243	268	28	monitoring	monitoring	NOUN
ajfa-1243	268	29	and	and	CCONJ
ajfa-1243	268	30	reduces	reduce	VERB
ajfa-1243	268	31	agency	agency	NOUN
ajfa-1243	268	32	conflicts	conflict	NOUN
ajfa-1243	268	33	.	.	PUNCT
ajfa-1243	269	1	as	as	ADP
ajfa-1243	269	2	a	a	DET
ajfa-1243	269	3	country	country	NOUN
ajfa-1243	269	4	with	with	ADP
ajfa-1243	269	5	mostly	mostly	ADV
ajfa-1243	269	6	family	family	NOUN
ajfa-1243	269	7	businesses	business	NOUN
ajfa-1243	269	8	on	on	ADP
ajfa-1243	269	9	their	their	PRON
ajfa-1243	269	10	stock	stock	NOUN
ajfa-1243	269	11	exchange	exchange	NOUN
ajfa-1243	269	12	,	,	PUNCT
ajfa-1243	269	13	managers	manager	NOUN
ajfa-1243	269	14	and	and	CCONJ
ajfa-1243	269	15	top	top	ADJ
ajfa-1243	269	16	leaders	leader	NOUN
ajfa-1243	269	17	require	require	VERB
ajfa-1243	269	18	training	training	NOUN
ajfa-1243	269	19	.	.	PUNCT
ajfa-1243	270	1	vocational	vocational	ADJ
ajfa-1243	270	2	training	training	NOUN
ajfa-1243	270	3	institutions	institution	NOUN
ajfa-1243	270	4	that	that	PRON
ajfa-1243	270	5	target	target	VERB
ajfa-1243	270	6	geographical	geographical	ADJ
ajfa-1243	270	7	areas	area	NOUN
ajfa-1243	270	8	where	where	SCONJ
ajfa-1243	270	9	there	there	PRON
ajfa-1243	270	10	are	be	VERB
ajfa-1243	270	11	more	more	ADJ
ajfa-1243	270	12	ethnic	ethnic	ADJ
ajfa-1243	270	13	minority	minority	NOUN
ajfa-1243	270	14	groups	group	NOUN
ajfa-1243	270	15	can	can	AUX
ajfa-1243	270	16	increase	increase	VERB
ajfa-1243	270	17	minority	minority	NOUN
ajfa-1243	270	18	directors	director	NOUN
ajfa-1243	270	19	’	’	PART
ajfa-1243	270	20	management	management	NOUN
ajfa-1243	270	21	ability	ability	NOUN
ajfa-1243	270	22	in	in	ADP
ajfa-1243	270	23	sri	sri	PROPN
ajfa-1243	270	24	lanka	lanka	PROPN
ajfa-1243	270	25	.	.	PUNCT
ajfa-1243	271	1	this	this	PRON
ajfa-1243	271	2	is	be	AUX
ajfa-1243	271	3	the	the	DET
ajfa-1243	271	4	best	good	ADJ
ajfa-1243	271	5	solution	solution	NOUN
ajfa-1243	271	6	for	for	ADP
ajfa-1243	271	7	skill	skill	NOUN
ajfa-1243	271	8	mismatching	mismatch	VERB
ajfa-1243	271	9	.	.	PUNCT
ajfa-1243	272	1	then	then	ADV
ajfa-1243	272	2	boards	board	NOUN
ajfa-1243	272	3	can	can	AUX
ajfa-1243	272	4	recruit	recruit	VERB
ajfa-1243	272	5	qualified	qualified	ADJ
ajfa-1243	272	6	minority	minority	NOUN
ajfa-1243	272	7	directors	director	NOUN
ajfa-1243	272	8	.	.	PUNCT
ajfa-1243	273	1	although	although	SCONJ
ajfa-1243	273	2	a	a	DET
ajfa-1243	273	3	positive	positive	ADJ
ajfa-1243	273	4	relationship	relationship	NOUN
ajfa-1243	273	5	between	between	ADP
ajfa-1243	273	6	ethnic	ethnic	ADJ
ajfa-1243	273	7	minority	minority	NOUN
ajfa-1243	273	8	in	in	ADP
ajfa-1243	273	9	the	the	DET
ajfa-1243	273	10	boardroom	boardroom	NOUN
ajfa-1243	273	11	and	and	CCONJ
ajfa-1243	273	12	firm	firm	ADJ
ajfa-1243	273	13	performance	performance	NOUN
ajfa-1243	273	14	is	be	AUX
ajfa-1243	273	15	often	often	ADV
ajfa-1243	273	16	cited	cite	VERB
ajfa-1243	273	17	in	in	ADP
ajfa-1243	273	18	the	the	DET
ajfa-1243	273	19	previous	previous	ADJ
ajfa-1243	273	20	literature	literature	NOUN
ajfa-1243	273	21	and	and	CCONJ
ajfa-1243	273	22	popular	popular	ADJ
ajfa-1243	273	23	press	press	NOUN
ajfa-1243	273	24	,	,	PUNCT
ajfa-1243	273	25	this	this	DET
ajfa-1243	273	26	study	study	NOUN
ajfa-1243	273	27	shows	show	VERB
ajfa-1243	273	28	environmental	environmental	ADJ
ajfa-1243	273	29	uncertainty	uncertainty	NOUN
ajfa-1243	273	30	creates	create	VERB
ajfa-1243	273	31	costs	cost	NOUN
ajfa-1243	273	32	when	when	SCONJ
ajfa-1243	273	33	adding	add	VERB
ajfa-1243	273	34	more	more	ADJ
ajfa-1243	273	35	ethnic	ethnic	ADJ
ajfa-1243	273	36	minority	minority	NOUN
ajfa-1243	273	37	board	board	NOUN
ajfa-1243	273	38	members	member	NOUN
ajfa-1243	273	39	.	.	PUNCT
ajfa-1243	274	1	an	an	DET
ajfa-1243	274	2	efficient	efficient	ADJ
ajfa-1243	274	3	board	board	NOUN
ajfa-1243	274	4	may	may	AUX
ajfa-1243	274	5	be	be	AUX
ajfa-1243	274	6	able	able	ADJ
ajfa-1243	274	7	to	to	PART
ajfa-1243	274	8	balance	balance	VERB
ajfa-1243	274	9	the	the	DET
ajfa-1243	274	10	costs	cost	NOUN
ajfa-1243	274	11	and	and	CCONJ
ajfa-1243	274	12	benefits	benefit	NOUN
ajfa-1243	274	13	of	of	ADP
ajfa-1243	274	14	ethnic	ethnic	ADJ
ajfa-1243	274	15	diversification	diversification	NOUN
ajfa-1243	274	16	.	.	PUNCT
ajfa-1243	275	1	this	this	DET
ajfa-1243	275	2	balance	balance	NOUN
ajfa-1243	275	3	would	would	AUX
ajfa-1243	275	4	depend	depend	VERB
ajfa-1243	275	5	on	on	ADP
ajfa-1243	275	6	the	the	DET
ajfa-1243	275	7	institutional	institutional	ADJ
ajfa-1243	275	8	environment	environment	NOUN
ajfa-1243	275	9	and	and	CCONJ
ajfa-1243	275	10	market	market	NOUN
ajfa-1243	275	11	conditions	condition	NOUN
ajfa-1243	275	12	.	.	PUNCT
ajfa-1243	276	1	therefore	therefore	ADV
ajfa-1243	276	2	,	,	PUNCT
ajfa-1243	276	3	the	the	DET
ajfa-1243	276	4	actual	actual	ADJ
ajfa-1243	276	5	relationship	relationship	NOUN
ajfa-1243	276	6	between	between	ADP
ajfa-1243	276	7	board	board	NOUN
ajfa-1243	276	8	ethnic	ethnic	ADJ
ajfa-1243	276	9	diversity	diversity	NOUN
ajfa-1243	276	10	and	and	CCONJ
ajfa-1243	276	11	firm	firm	ADJ
ajfa-1243	276	12	performance	performance	NOUN
ajfa-1243	276	13	is	be	AUX
ajfa-1243	276	14	still	still	ADV
ajfa-1243	276	15	unsolved	unsolve	VERB
ajfa-1243	276	16	.	.	PUNCT
ajfa-1243	277	1	references	reference	NOUN
ajfa-1243	277	2	adams	adams	PROPN
ajfa-1243	277	3	,	,	PUNCT
ajfa-1243	277	4	r.	r.	PROPN
ajfa-1243	277	5	b.	b.	PROPN
ajfa-1243	277	6	,	,	PUNCT
ajfa-1243	277	7	&	&	CCONJ
ajfa-1243	277	8	ferreira	ferreira	PROPN
ajfa-1243	277	9	,	,	PUNCT
ajfa-1243	277	10	d.	d.	PROPN
ajfa-1243	277	11	(	(	PUNCT
ajfa-1243	277	12	2002	2002	NUM
ajfa-1243	277	13	)	)	PUNCT
ajfa-1243	277	14	.	.	PUNCT
ajfa-1243	278	1	diversity	diversity	NOUN
ajfa-1243	278	2	and	and	CCONJ
ajfa-1243	278	3	incentives	incentive	NOUN
ajfa-1243	278	4	in	in	ADP
ajfa-1243	278	5	teams	team	NOUN
ajfa-1243	278	6	:	:	PUNCT
ajfa-1243	278	7	evidence	evidence	NOUN
ajfa-1243	278	8	from	from	ADP
ajfa-1243	278	9	corporate	corporate	ADJ
ajfa-1243	278	10	boards	board	NOUN
ajfa-1243	278	11	,	,	PUNCT
ajfa-1243	278	12	working	working	NOUN
ajfa-1243	278	13	paper	paper	NOUN
ajfa-1243	278	14	:	:	PUNCT
ajfa-1243	278	15	federal	federal	PROPN
ajfa-1243	278	16	reserve	reserve	PROPN
ajfa-1243	278	17	bank	bank	PROPN
ajfa-1243	278	18	of	of	ADP
ajfa-1243	278	19	new	new	PROPN
ajfa-1243	278	20	york	york	PROPN
ajfa-1243	278	21	.	.	PUNCT
ajfa-1243	279	1	ang	ang	PROPN
ajfa-1243	279	2	,	,	PUNCT
ajfa-1243	279	3	j.	j.	PROPN
ajfa-1243	279	4	s.	s.	PROPN
ajfa-1243	279	5	,	,	PUNCT
ajfa-1243	279	6	cole	cole	PROPN
ajfa-1243	279	7	,	,	PUNCT
ajfa-1243	279	8	r.	r.	PROPN
ajfa-1243	279	9	a.	a.	PROPN
ajfa-1243	279	10	,	,	PUNCT
ajfa-1243	279	11	&	&	CCONJ
ajfa-1243	279	12	wuh	wuh	PROPN
ajfa-1243	279	13	,	,	PUNCT
ajfa-1243	279	14	l.	l.	PROPN
ajfa-1243	279	15	j.	j.	PROPN
ajfa-1243	279	16	(	(	PUNCT
ajfa-1243	279	17	2000	2000	NUM
ajfa-1243	279	18	)	)	PUNCT
ajfa-1243	279	19	.	.	PUNCT
ajfa-1243	280	1	agency	agency	NOUN
ajfa-1243	280	2	costs	cost	NOUN
ajfa-1243	280	3	and	and	CCONJ
ajfa-1243	280	4	ownership	ownership	NOUN
ajfa-1243	280	5	structure	structure	NOUN
ajfa-1243	280	6	.	.	PUNCT
ajfa-1243	281	1	the	the	DET
ajfa-1243	281	2	journal	journal	PROPN
ajfa-1243	281	3	of	of	ADP
ajfa-1243	281	4	finance	finance	NOUN
ajfa-1243	281	5	,	,	PUNCT
ajfa-1243	281	6	lv(1	lv(1	PROPN
ajfa-1243	281	7	)	)	PUNCT
ajfa-1243	281	8	,	,	PUNCT
ajfa-1243	281	9	81	81	NUM
ajfa-1243	281	10	-	-	SYM
ajfa-1243	281	11	106	106	NUM
ajfa-1243	281	12	.	.	PUNCT
ajfa-1243	282	1	http://dx.doi.org/10.1111/0022-1082.00201	http://dx.doi.org/10.1111/0022-1082.00201	PROPN
ajfa-1243	282	2	arrow	arrow	NOUN
ajfa-1243	282	3	,	,	PUNCT
ajfa-1243	282	4	k.	k.	PROPN
ajfa-1243	282	5	j.	j.	PROPN
ajfa-1243	282	6	(	(	PUNCT
ajfa-1243	282	7	1951	1951	NUM
ajfa-1243	282	8	)	)	PUNCT
ajfa-1243	282	9	.	.	PUNCT
ajfa-1243	283	1	social	social	ADJ
ajfa-1243	283	2	choice	choice	NOUN
ajfa-1243	283	3	and	and	CCONJ
ajfa-1243	283	4	individual	individual	ADJ
ajfa-1243	283	5	values	value	NOUN
ajfa-1243	283	6	(	(	PUNCT
ajfa-1243	283	7	2nd	2nd	ADJ
ajfa-1243	283	8	ed	ed	NOUN
ajfa-1243	283	9	.	.	PROPN
ajfa-1243	284	1	1963	1963	NUM
ajfa-1243	284	2	ed	ed	NOUN
ajfa-1243	284	3	.	.	PUNCT
ajfa-1243	284	4	)	)	PUNCT
ajfa-1243	284	5	.	.	PUNCT
ajfa-1243	285	1	new	new	PROPN
ajfa-1243	285	2	york	york	PROPN
ajfa-1243	285	3	,	,	PUNCT
ajfa-1243	285	4	ny	ny	PROPN
ajfa-1243	285	5	:	:	PUNCT
ajfa-1243	285	6	john	john	PROPN
ajfa-1243	285	7	wiley	wiley	PROPN
ajfa-1243	285	8	.	.	PUNCT
ajfa-1243	286	1	_	_	PUNCT
ajfa-1243	287	1	_	_	PUNCT
ajfa-1243	288	1	_	_	PUNCT
ajfa-1243	289	1	_	_	PUNCT
ajfa-1243	290	1	_	_	PUNCT
ajfa-1243	290	2	.	.	PUNCT
ajfa-1243	291	1	(	(	PUNCT
ajfa-1243	291	2	2011	2011	NUM
ajfa-1243	291	3	)	)	PUNCT
ajfa-1243	291	4	.	.	PUNCT
ajfa-1243	292	1	'	'	PUNCT
ajfa-1243	292	2	corporate	corporate	ADJ
ajfa-1243	292	3	governance	governance	NOUN
ajfa-1243	292	4	'	'	PUNCT
ajfa-1243	292	5	.	.	PUNCT
ajfa-1243	293	1	board	board	NOUN
ajfa-1243	293	2	diversity	diversity	NOUN
ajfa-1243	293	3	:	:	PUNCT
ajfa-1243	293	4	calstrs	calstrs	ADJ
ajfa-1243	293	5	.	.	PUNCT
ajfa-1243	294	1	_	_	PUNCT
ajfa-1243	295	1	_	_	PUNCT
ajfa-1243	296	1	_	_	PUNCT
ajfa-1243	297	1	_	_	PUNCT
ajfa-1243	298	1	_	_	PUNCT
ajfa-1243	298	2	.	.	PUNCT
ajfa-1243	299	1	(	(	PUNCT
ajfa-1243	299	2	2009	2009	NUM
ajfa-1243	299	3	)	)	PUNCT
ajfa-1243	299	4	.	.	PUNCT
ajfa-1243	300	1	'	'	PUNCT
ajfa-1243	301	1	boards	board	NOUN
ajfa-1243	301	2	in	in	ADP
ajfa-1243	301	3	turbulent	turbulent	ADJ
ajfa-1243	301	4	times	time	NOUN
ajfa-1243	301	5	'	'	PART
ajfa-1243	301	6	.	.	PUNCT
ajfa-1243	302	1	heidrick	heidrick	PROPN
ajfa-1243	302	2	&	&	CCONJ
ajfa-1243	302	3	struggles	struggle	NOUN
ajfa-1243	302	4	.	.	PUNCT
ajfa-1243	303	1	borensztein	borensztein	ADJ
ajfa-1243	303	2	,	,	PUNCT
ajfa-1243	303	3	e.	e.	PROPN
ajfa-1243	303	4	,	,	PUNCT
ajfa-1243	303	5	&	&	CCONJ
ajfa-1243	303	6	lee	lee	PROPN
ajfa-1243	303	7	,	,	PUNCT
ajfa-1243	303	8	j.	j.	PROPN
ajfa-1243	303	9	w.	w.	PROPN
ajfa-1243	303	10	(	(	PUNCT
ajfa-1243	303	11	2002	2002	NUM
ajfa-1243	303	12	)	)	PUNCT
ajfa-1243	303	13	.	.	PUNCT
ajfa-1243	304	1	financial	financial	ADJ
ajfa-1243	304	2	crisis	crisis	NOUN
ajfa-1243	304	3	and	and	CCONJ
ajfa-1243	304	4	credit	credit	NOUN
ajfa-1243	304	5	crunch	crunch	NOUN
ajfa-1243	304	6	:	:	PUNCT
ajfa-1243	304	7	evidence	evidence	NOUN
ajfa-1243	304	8	form	form	VERB
ajfa-1243	304	9	the	the	DET
ajfa-1243	304	10	asian	asian	ADJ
ajfa-1243	304	11	journal	journal	NOUN
ajfa-1243	304	12	of	of	ADP
ajfa-1243	304	13	finance	finance	PROPN
ajfa-1243	304	14	&	&	CCONJ
ajfa-1243	304	15	accounting	accounting	PROPN
ajfa-1243	304	16	issn	issn	PROPN
ajfa-1243	304	17	1946	1946	NUM
ajfa-1243	304	18	-	-	PUNCT
ajfa-1243	304	19	052x	052x	NOUN
ajfa-1243	304	20	2012	2012	NUM
ajfa-1243	304	21	,	,	PUNCT
ajfa-1243	304	22	vol	vol	NOUN
ajfa-1243	304	23	.	.	PROPN
ajfa-1243	304	24	4	4	NUM
ajfa-1243	304	25	,	,	PUNCT
ajfa-1243	304	26	no	no	INTJ
ajfa-1243	304	27	.	.	NOUN
ajfa-1243	304	28	1	1	NUM
ajfa-1243	304	29	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	304	30	65	65	NUM
ajfa-1243	304	31	korean	korean	ADJ
ajfa-1243	304	32	firm	firm	ADJ
ajfa-1243	304	33	level	level	NOUN
ajfa-1243	304	34	data	datum	NOUN
ajfa-1243	304	35	.	.	PUNCT
ajfa-1243	305	1	journal	journal	NOUN
ajfa-1243	305	2	of	of	ADP
ajfa-1243	305	3	monetary	monetary	ADJ
ajfa-1243	305	4	economics	economic	NOUN
ajfa-1243	305	5	,	,	PUNCT
ajfa-1243	305	6	49(4	49(4	NOUN
ajfa-1243	305	7	)	)	PUNCT
ajfa-1243	305	8	,	,	PUNCT
ajfa-1243	305	9	853	853	NUM
ajfa-1243	305	10	-	-	SYM
ajfa-1243	305	11	875	875	NUM
ajfa-1243	305	12	.	.	PUNCT
ajfa-1243	306	1	http://dx.doi.org/10.1016/s0304-3932(02)00116-2	http://dx.doi.org/10.1016/s0304-3932(02)00116-2	NOUN
ajfa-1243	306	2	brammer	brammer	NOUN
ajfa-1243	306	3	,	,	PUNCT
ajfa-1243	306	4	s.	s.	PROPN
ajfa-1243	306	5	,	,	PUNCT
ajfa-1243	306	6	millington	millington	PROPN
ajfa-1243	306	7	,	,	PUNCT
ajfa-1243	306	8	a.	a.	PROPN
ajfa-1243	306	9	,	,	PUNCT
ajfa-1243	306	10	&	&	CCONJ
ajfa-1243	306	11	pavelin	pavelin	PROPN
ajfa-1243	306	12	,	,	PUNCT
ajfa-1243	306	13	s.	s.	PROPN
ajfa-1243	306	14	(	(	PUNCT
ajfa-1243	306	15	2007	2007	NUM
ajfa-1243	306	16	)	)	PUNCT
ajfa-1243	306	17	.	.	PUNCT
ajfa-1243	307	1	gender	gender	NOUN
ajfa-1243	307	2	and	and	CCONJ
ajfa-1243	307	3	ethnic	ethnic	ADJ
ajfa-1243	307	4	diversity	diversity	NOUN
ajfa-1243	307	5	among	among	ADP
ajfa-1243	307	6	uk	uk	PROPN
ajfa-1243	307	7	corporate	corporate	ADJ
ajfa-1243	307	8	boards	board	NOUN
ajfa-1243	307	9	.	.	PUNCT
ajfa-1243	308	1	corporate	corporate	ADJ
ajfa-1243	308	2	governance	governance	NOUN
ajfa-1243	308	3	,	,	PUNCT
ajfa-1243	308	4	15(2	15(2	NUM
ajfa-1243	308	5	)	)	PUNCT
ajfa-1243	308	6	.	.	PUNCT
ajfa-1243	309	1	http://dx.doi.org/10.1111/j.1467-8683.2007.00569.x	http://dx.doi.org/10.1111/j.1467-8683.2007.00569.x	PRON
ajfa-1243	309	2	claessens	claessen	NOUN
ajfa-1243	309	3	,	,	PUNCT
ajfa-1243	309	4	s	s	X
ajfa-1243	309	5	,	,	PUNCT
ajfa-1243	309	6	s	s	PART
ajfa-1243	309	7	djankov	djankov	NOUN
ajfa-1243	309	8	and	and	CCONJ
ajfa-1243	309	9	l	l	PROPN
ajfa-1243	309	10	lang	lang	PROPN
ajfa-1243	309	11	.	.	PROPN
ajfa-1243	309	12	2000	2000	NUM
ajfa-1243	309	13	.	.	PUNCT
ajfa-1243	310	1	"	"	PUNCT
ajfa-1243	310	2	the	the	DET
ajfa-1243	310	3	separation	separation	NOUN
ajfa-1243	310	4	of	of	ADP
ajfa-1243	310	5	ownership	ownership	NOUN
ajfa-1243	310	6	and	and	CCONJ
ajfa-1243	310	7	control	control	NOUN
ajfa-1243	310	8	in	in	ADP
ajfa-1243	310	9	east	east	ADJ
ajfa-1243	310	10	asian	asian	ADJ
ajfa-1243	310	11	corporations	corporation	NOUN
ajfa-1243	310	12	.	.	PUNCT
ajfa-1243	310	13	"	"	PUNCT
ajfa-1243	311	1	journal	journal	NOUN
ajfa-1243	311	2	of	of	ADP
ajfa-1243	311	3	financial	financial	ADJ
ajfa-1243	311	4	economics	economic	NOUN
ajfa-1243	311	5	58:81–112	58:81–112	NUM
ajfa-1243	311	6	.	.	PUNCT
ajfa-1243	312	1	http://dx.doi.org/10.1016/s0304-405x(00)00067-2	http://dx.doi.org/10.1016/s0304-405x(00)00067-2	NUM
ajfa-1243	312	2	campbell	campbell	PROPN
ajfa-1243	312	3	,	,	PUNCT
ajfa-1243	312	4	k.	k.	PROPN
ajfa-1243	312	5	,	,	PUNCT
ajfa-1243	312	6	&	&	CCONJ
ajfa-1243	312	7	mínguez	mínguez	PROPN
ajfa-1243	312	8	-	-	PROPN
ajfa-1243	312	9	vera	vera	PROPN
ajfa-1243	312	10	,	,	PUNCT
ajfa-1243	312	11	a.	a.	NOUN
ajfa-1243	312	12	(	(	PUNCT
ajfa-1243	312	13	2007	2007	NUM
ajfa-1243	312	14	)	)	PUNCT
ajfa-1243	312	15	.	.	PUNCT
ajfa-1243	313	1	gender	gender	NOUN
ajfa-1243	313	2	diversity	diversity	NOUN
ajfa-1243	313	3	in	in	ADP
ajfa-1243	313	4	the	the	DET
ajfa-1243	313	5	boardroom	boardroom	NOUN
ajfa-1243	313	6	and	and	CCONJ
ajfa-1243	313	7	firm	firm	ADJ
ajfa-1243	313	8	financial	financial	ADJ
ajfa-1243	313	9	performance	performance	NOUN
ajfa-1243	313	10	journal	journal	NOUN
ajfa-1243	313	11	of	of	ADP
ajfa-1243	313	12	business	business	NOUN
ajfa-1243	313	13	ethics	ethic	NOUN
ajfa-1243	313	14	,	,	PUNCT
ajfa-1243	313	15	83(3	83(3	NUM
ajfa-1243	313	16	)	)	PUNCT
ajfa-1243	313	17	.	.	PUNCT
ajfa-1243	314	1	carno	carno	PROPN
ajfa-1243	314	2	,	,	PUNCT
ajfa-1243	314	3	w.	w.	PROPN
ajfa-1243	314	4	d.	d.	PROPN
ajfa-1243	314	5	,	,	PUNCT
ajfa-1243	314	6	&	&	CCONJ
ajfa-1243	314	7	chen	chen	PROPN
ajfa-1243	314	8	,	,	PUNCT
ajfa-1243	314	9	x.	x.	PROPN
ajfa-1243	314	10	(	(	PUNCT
ajfa-1243	314	11	1998	1998	NUM
ajfa-1243	314	12	)	)	PUNCT
ajfa-1243	314	13	.	.	PUNCT
ajfa-1243	315	1	the	the	DET
ajfa-1243	315	2	leniency	leniency	NOUN
ajfa-1243	315	3	contract	contract	NOUN
ajfa-1243	315	4	and	and	CCONJ
ajfa-1243	315	5	persistence	persistence	NOUN
ajfa-1243	315	6	of	of	ADP
ajfa-1243	315	7	majority	majority	NOUN
ajfa-1243	315	8	and	and	CCONJ
ajfa-1243	315	9	minority	minority	NOUN
ajfa-1243	315	10	influence	influence	NOUN
ajfa-1243	315	11	.	.	PUNCT
ajfa-1243	316	1	journal	journal	NOUN
ajfa-1243	316	2	of	of	ADP
ajfa-1243	316	3	personality	personality	NOUN
ajfa-1243	316	4	and	and	CCONJ
ajfa-1243	316	5	social	social	ADJ
ajfa-1243	316	6	psychology	psychology	NOUN
ajfa-1243	316	7	,	,	PUNCT
ajfa-1243	316	8	74	74	NUM
ajfa-1243	316	9	,	,	PUNCT
ajfa-1243	316	10	1437	1437	NUM
ajfa-1243	316	11	-	-	SYM
ajfa-1243	316	12	1452	1452	NUM
ajfa-1243	316	13	.	.	PUNCT
ajfa-1243	317	1	http://dx.doi.org/10.1037/0022-3514.74.6.1437	http://dx.doi.org/10.1037/0022-3514.74.6.1437	NUM
ajfa-1243	317	2	carter	carter	PROPN
ajfa-1243	317	3	,	,	PUNCT
ajfa-1243	317	4	d.	d.	PROPN
ajfa-1243	317	5	a.	a.	PROPN
ajfa-1243	317	6	,	,	PUNCT
ajfa-1243	317	7	simkins	simkin	VERB
ajfa-1243	317	8	,	,	PUNCT
ajfa-1243	317	9	b.	b.	PROPN
ajfa-1243	317	10	j.	j.	PROPN
ajfa-1243	317	11	,	,	PUNCT
ajfa-1243	317	12	&	&	CCONJ
ajfa-1243	317	13	simpson	simpson	PROPN
ajfa-1243	317	14	,	,	PUNCT
ajfa-1243	317	15	w.	w.	PROPN
ajfa-1243	317	16	g.	g.	PROPN
ajfa-1243	317	17	(	(	PUNCT
ajfa-1243	317	18	2003	2003	NUM
ajfa-1243	317	19	)	)	PUNCT
ajfa-1243	317	20	.	.	PUNCT
ajfa-1243	318	1	corporate	corporate	ADJ
ajfa-1243	318	2	governance	governance	NOUN
ajfa-1243	318	3	,	,	PUNCT
ajfa-1243	318	4	board	board	NOUN
ajfa-1243	318	5	diversity	diversity	NOUN
ajfa-1243	318	6	,	,	PUNCT
ajfa-1243	318	7	and	and	CCONJ
ajfa-1243	318	8	firm	firm	ADJ
ajfa-1243	318	9	value	value	NOUN
ajfa-1243	318	10	.	.	PUNCT
ajfa-1243	319	1	financial	financial	ADJ
ajfa-1243	319	2	review	review	PROPN
ajfa-1243	319	3	,	,	PUNCT
ajfa-1243	319	4	38	38	NUM
ajfa-1243	319	5	,	,	PUNCT
ajfa-1243	319	6	33	33	NUM
ajfa-1243	319	7	-	-	SYM
ajfa-1243	319	8	53	53	NUM
ajfa-1243	319	9	.	.	PUNCT
ajfa-1243	320	1	http://dx.doi.org/10.1111/1540-6288.00034	http://dx.doi.org/10.1111/1540-6288.00034	PRON
ajfa-1243	320	2	chrisman	chrisman	PROPN
ajfa-1243	320	3	,	,	PUNCT
ajfa-1243	320	4	j.	j.	PROPN
ajfa-1243	320	5	j.	j.	PROPN
ajfa-1243	320	6	,	,	PUNCT
ajfa-1243	320	7	chua	chua	PROPN
ajfa-1243	320	8	,	,	PUNCT
ajfa-1243	320	9	j.	j.	PROPN
ajfa-1243	320	10	h.	h.	PROPN
ajfa-1243	320	11	,	,	PUNCT
ajfa-1243	320	12	&	&	CCONJ
ajfa-1243	320	13	litz	litz	PROPN
ajfa-1243	320	14	,	,	PUNCT
ajfa-1243	320	15	r.	r.	PROPN
ajfa-1243	320	16	a.	a.	PROPN
ajfa-1243	320	17	(	(	PUNCT
ajfa-1243	320	18	2004	2004	NUM
ajfa-1243	320	19	)	)	PUNCT
ajfa-1243	320	20	.	.	PUNCT
ajfa-1243	321	1	comparing	compare	VERB
ajfa-1243	321	2	the	the	DET
ajfa-1243	321	3	agency	agency	NOUN
ajfa-1243	321	4	costs	cost	NOUN
ajfa-1243	321	5	of	of	ADP
ajfa-1243	321	6	family	family	NOUN
ajfa-1243	321	7	and	and	CCONJ
ajfa-1243	321	8	non	non	ADJ
ajfa-1243	321	9	-	-	ADJ
ajfa-1243	321	10	family	family	ADJ
ajfa-1243	321	11	firms	firm	NOUN
ajfa-1243	321	12	:	:	PUNCT
ajfa-1243	321	13	conceptual	conceptual	ADJ
ajfa-1243	321	14	issues	issue	NOUN
ajfa-1243	321	15	and	and	CCONJ
ajfa-1243	321	16	exploratory	exploratory	ADJ
ajfa-1243	321	17	evidence	evidence	NOUN
ajfa-1243	321	18	.	.	PUNCT
ajfa-1243	322	1	entrepreneurship	entrepreneurship	NOUN
ajfa-1243	322	2	theory	theory	NOUN
ajfa-1243	322	3	and	and	CCONJ
ajfa-1243	322	4	practice	practice	NOUN
ajfa-1243	322	5	,	,	PUNCT
ajfa-1243	322	6	28(4	28(4	NUM
ajfa-1243	322	7	)	)	PUNCT
ajfa-1243	322	8	,	,	PUNCT
ajfa-1243	322	9	335	335	NUM
ajfa-1243	322	10	-	-	SYM
ajfa-1243	322	11	354	354	NUM
ajfa-1243	322	12	.	.	PUNCT
ajfa-1243	323	1	http://dx.doi.org/10.1111/j.1540-6520.2004.00049.x	http://dx.doi.org/10.1111/j.1540-6520.2004.00049.x	ADJ
ajfa-1243	323	2	colombage	colombage	NOUN
ajfa-1243	323	3	,	,	PUNCT
ajfa-1243	323	4	s.	s.	PROPN
ajfa-1243	323	5	r.	r.	PROPN
ajfa-1243	323	6	(	(	PUNCT
ajfa-1243	323	7	2007	2007	NUM
ajfa-1243	323	8	)	)	PUNCT
ajfa-1243	323	9	.	.	PUNCT
ajfa-1243	324	1	consistency	consistency	NOUN
ajfa-1243	324	2	and	and	CCONJ
ajfa-1243	324	3	controversy	controversy	NOUN
ajfa-1243	324	4	in	in	ADP
ajfa-1243	324	5	corporate	corporate	ADJ
ajfa-1243	324	6	financing	financing	NOUN
ajfa-1243	324	7	practices	practice	NOUN
ajfa-1243	324	8	:	:	PUNCT
ajfa-1243	324	9	evidence	evidence	NOUN
ajfa-1243	324	10	from	from	ADP
ajfa-1243	324	11	an	an	DET
ajfa-1243	324	12	emerging	emerge	VERB
ajfa-1243	324	13	market	market	NOUN
ajfa-1243	324	14	.	.	PUNCT
ajfa-1243	325	1	studies	study	NOUN
ajfa-1243	325	2	in	in	ADP
ajfa-1243	325	3	economics	economic	NOUN
ajfa-1243	325	4	and	and	CCONJ
ajfa-1243	325	5	finance	finance	NOUN
ajfa-1243	325	6	,	,	PUNCT
ajfa-1243	325	7	24(1	24(1	NUM
ajfa-1243	325	8	)	)	PUNCT
ajfa-1243	325	9	,	,	PUNCT
ajfa-1243	325	10	51	51	NUM
ajfa-1243	325	11	-	-	SYM
ajfa-1243	325	12	71	71	NUM
ajfa-1243	325	13	.	.	PUNCT
ajfa-1243	326	1	http://dx.doi.org/10.1108/10867370710737382	http://dx.doi.org/10.1108/10867370710737382	PROPN
ajfa-1243	326	2	cox	cox	PROPN
ajfa-1243	326	3	,	,	PUNCT
ajfa-1243	326	4	t.	t.	PROPN
ajfa-1243	326	5	(	(	PUNCT
ajfa-1243	326	6	1991	1991	NUM
ajfa-1243	326	7	)	)	PUNCT
ajfa-1243	326	8	.	.	PUNCT
ajfa-1243	327	1	the	the	DET
ajfa-1243	327	2	multicultural	multicultural	ADJ
ajfa-1243	327	3	organization	organization	NOUN
ajfa-1243	327	4	.	.	PUNCT
ajfa-1243	328	1	academy	academy	PROPN
ajfa-1243	328	2	of	of	ADP
ajfa-1243	328	3	management	management	NOUN
ajfa-1243	328	4	executive	executive	NOUN
ajfa-1243	328	5	,	,	PUNCT
ajfa-1243	328	6	5(2	5(2	NUM
ajfa-1243	328	7	)	)	PUNCT
ajfa-1243	328	8	,	,	PUNCT
ajfa-1243	328	9	34	34	NUM
ajfa-1243	328	10	-	-	SYM
ajfa-1243	328	11	47	47	NUM
ajfa-1243	328	12	.	.	PUNCT
ajfa-1243	329	1	davidson	davidson	NOUN
ajfa-1243	329	2	,	,	PUNCT
ajfa-1243	329	3	m.	m.	NOUN
ajfa-1243	329	4	(	(	PUNCT
ajfa-1243	329	5	ed	ed	NOUN
ajfa-1243	329	6	.	.	PUNCT
ajfa-1243	329	7	)	)	PUNCT
ajfa-1243	329	8	.	.	PUNCT
ajfa-1243	330	1	(	(	PUNCT
ajfa-1243	330	2	2002	2002	NUM
ajfa-1243	330	3	)	)	PUNCT
ajfa-1243	330	4	.	.	PUNCT
ajfa-1243	331	1	the	the	DET
ajfa-1243	331	2	black	black	ADJ
ajfa-1243	331	3	and	and	CCONJ
ajfa-1243	331	4	ethnic	ethnic	ADJ
ajfa-1243	331	5	minority	minority	NOUN
ajfa-1243	331	6	woman	woman	NOUN
ajfa-1243	331	7	manager	manager	NOUN
ajfa-1243	331	8	(	(	PUNCT
ajfa-1243	331	9	vol	vol	NOUN
ajfa-1243	331	10	.	.	NOUN
ajfa-1243	331	11	53–66	53–66	NUM
ajfa-1243	331	12	)	)	PUNCT
ajfa-1243	331	13	.	.	PUNCT
ajfa-1243	332	1	oxford	oxford	NOUN
ajfa-1243	332	2	:	:	PUNCT
ajfa-1243	333	1	blackwell	blackwell	PROPN
ajfa-1243	333	2	.	.	PUNCT
ajfa-1243	334	1	deangelo	deangelo	PROPN
ajfa-1243	334	2	,	,	PUNCT
ajfa-1243	334	3	h.	h.	PROPN
ajfa-1243	334	4	l.	l.	PROPN
ajfa-1243	334	5	,	,	PUNCT
ajfa-1243	334	6	&	&	CCONJ
ajfa-1243	334	7	skinner	skinner	PROPN
ajfa-1243	334	8	,	,	PUNCT
ajfa-1243	334	9	d.	d.	PROPN
ajfa-1243	334	10	(	(	PUNCT
ajfa-1243	334	11	2004	2004	NUM
ajfa-1243	334	12	)	)	PUNCT
ajfa-1243	334	13	.	.	PUNCT
ajfa-1243	335	1	are	be	AUX
ajfa-1243	335	2	dividends	dividend	NOUN
ajfa-1243	335	3	disappearing	disappear	VERB
ajfa-1243	335	4	?	?	PUNCT
ajfa-1243	336	1	dividend	dividend	NOUN
ajfa-1243	336	2	concentration	concentration	NOUN
ajfa-1243	336	3	and	and	CCONJ
ajfa-1243	336	4	the	the	DET
ajfa-1243	336	5	consolidation	consolidation	NOUN
ajfa-1243	336	6	of	of	ADP
ajfa-1243	336	7	earnings	earning	NOUN
ajfa-1243	336	8	growth	growth	NOUN
ajfa-1243	336	9	.	.	PUNCT
ajfa-1243	337	1	journal	journal	NOUN
ajfa-1243	337	2	of	of	ADP
ajfa-1243	337	3	financial	financial	ADJ
ajfa-1243	337	4	economics	economic	NOUN
ajfa-1243	337	5	,	,	PUNCT
ajfa-1243	337	6	72	72	NUM
ajfa-1243	337	7	,	,	PUNCT
ajfa-1243	337	8	425–456	425–456	NUM
ajfa-1243	337	9	.	.	PUNCT
ajfa-1243	338	1	http://dx.doi.org/10.1016/s0304-405x(03)00186-7	http://dx.doi.org/10.1016/s0304-405x(03)00186-7	PROPN
ajfa-1243	338	2	.	.	PUNCT
ajfa-1243	339	1	erhardt	erhardt	PROPN
ajfa-1243	339	2	,	,	PUNCT
ajfa-1243	339	3	n.	n.	PROPN
ajfa-1243	339	4	l.	l.	PROPN
ajfa-1243	339	5	,	,	PUNCT
ajfa-1243	339	6	werbel	werbel	NOUN
ajfa-1243	339	7	,	,	PUNCT
ajfa-1243	339	8	j.	j.	PROPN
ajfa-1243	339	9	d.	d.	PROPN
ajfa-1243	339	10	,	,	PUNCT
ajfa-1243	339	11	&	&	CCONJ
ajfa-1243	339	12	schrader	schrader	PROPN
ajfa-1243	339	13	,	,	PUNCT
ajfa-1243	340	1	c.	c.	PROPN
ajfa-1243	340	2	b.	b.	PROPN
ajfa-1243	341	1	(	(	PUNCT
ajfa-1243	341	2	2003	2003	NUM
ajfa-1243	341	3	)	)	PUNCT
ajfa-1243	341	4	.	.	PUNCT
ajfa-1243	342	1	board	board	NOUN
ajfa-1243	342	2	of	of	ADP
ajfa-1243	342	3	director	director	NOUN
ajfa-1243	342	4	diversity	diversity	NOUN
ajfa-1243	342	5	and	and	CCONJ
ajfa-1243	342	6	firm	firm	ADJ
ajfa-1243	342	7	financial	financial	ADJ
ajfa-1243	342	8	performance	performance	NOUN
ajfa-1243	342	9	.	.	PUNCT
ajfa-1243	343	1	corporate	corporate	ADJ
ajfa-1243	343	2	governance	governance	NOUN
ajfa-1243	343	3	,	,	PUNCT
ajfa-1243	343	4	11	11	NUM
ajfa-1243	343	5	,	,	PUNCT
ajfa-1243	343	6	102	102	NUM
ajfa-1243	343	7	-	-	SYM
ajfa-1243	343	8	111	111	NUM
ajfa-1243	343	9	.	.	PUNCT
ajfa-1243	344	1	http://dx.doi.org/10.1111/1467-8683.00011	http://dx.doi.org/10.1111/1467-8683.00011	ADP
ajfa-1243	344	2	faccio	faccio	PROPN
ajfa-1243	344	3	,	,	PUNCT
ajfa-1243	344	4	m.	m.	NOUN
ajfa-1243	344	5	,	,	PUNCT
ajfa-1243	344	6	lang	lang	PROPN
ajfa-1243	344	7	,	,	PUNCT
ajfa-1243	344	8	l.	l.	PROPN
ajfa-1243	344	9	,	,	PUNCT
ajfa-1243	344	10	&	&	CCONJ
ajfa-1243	344	11	young	young	PROPN
ajfa-1243	344	12	,	,	PUNCT
ajfa-1243	344	13	l.	l.	PROPN
ajfa-1243	344	14	(	(	PUNCT
ajfa-1243	344	15	2001	2001	NUM
ajfa-1243	344	16	)	)	PUNCT
ajfa-1243	344	17	.	.	PUNCT
ajfa-1243	345	1	dividends	dividend	NOUN
ajfa-1243	345	2	and	and	CCONJ
ajfa-1243	345	3	expropriation	expropriation	NOUN
ajfa-1243	345	4	.	.	PUNCT
ajfa-1243	346	1	american	american	PROPN
ajfa-1243	346	2	economic	economic	PROPN
ajfa-1243	346	3	review	review	PROPN
ajfa-1243	346	4	91(1	91(1	NUM
ajfa-1243	346	5	)	)	PUNCT
ajfa-1243	346	6	,	,	PUNCT
ajfa-1243	346	7	54–78	54–78	NUM
ajfa-1243	346	8	.	.	PUNCT
ajfa-1243	346	9	http://dx.doi.org/10.1257/aer.91.1.54	http://dx.doi.org/10.1257/aer.91.1.54	PROPN
ajfa-1243	347	1	farrell	farrell	PROPN
ajfa-1243	347	2	,	,	PUNCT
ajfa-1243	347	3	k.	k.	PROPN
ajfa-1243	347	4	,	,	PUNCT
ajfa-1243	347	5	&	&	CCONJ
ajfa-1243	347	6	hersch	hersch	PROPN
ajfa-1243	347	7	,	,	PUNCT
ajfa-1243	347	8	p.	p.	NOUN
ajfa-1243	347	9	(	(	PUNCT
ajfa-1243	347	10	2005	2005	NUM
ajfa-1243	347	11	)	)	PUNCT
ajfa-1243	347	12	.	.	PUNCT
ajfa-1243	348	1	additions	addition	NOUN
ajfa-1243	348	2	to	to	ADP
ajfa-1243	348	3	corporate	corporate	ADJ
ajfa-1243	348	4	boards	board	NOUN
ajfa-1243	348	5	:	:	PUNCT
ajfa-1243	348	6	the	the	DET
ajfa-1243	348	7	effect	effect	NOUN
ajfa-1243	348	8	of	of	ADP
ajfa-1243	348	9	gender	gender	NOUN
ajfa-1243	348	10	.	.	PUNCT
ajfa-1243	348	11	journal	journal	NOUN
ajfa-1243	348	12	of	of	ADP
ajfa-1243	348	13	corporate	corporate	ADJ
ajfa-1243	348	14	finance	finance	NOUN
ajfa-1243	348	15	,	,	PUNCT
ajfa-1243	348	16	11	11	NUM
ajfa-1243	348	17	,	,	PUNCT
ajfa-1243	348	18	85	85	NUM
ajfa-1243	348	19	-	-	SYM
ajfa-1243	348	20	106	106	NUM
ajfa-1243	348	21	.	.	PUNCT
ajfa-1243	349	1	http://dx.doi.org/10.1016/j.jcorpfin.2003.12.001	http://dx.doi.org/10.1016/j.jcorpfin.2003.12.001	PROPN
ajfa-1243	349	2	asian	asian	ADJ
ajfa-1243	349	3	journal	journal	NOUN
ajfa-1243	349	4	of	of	ADP
ajfa-1243	349	5	finance	finance	PROPN
ajfa-1243	349	6	&	&	CCONJ
ajfa-1243	349	7	accounting	accounting	PROPN
ajfa-1243	349	8	issn	issn	PROPN
ajfa-1243	349	9	1946	1946	NUM
ajfa-1243	349	10	-	-	PUNCT
ajfa-1243	349	11	052x	052x	NOUN
ajfa-1243	349	12	2012	2012	NUM
ajfa-1243	349	13	,	,	PUNCT
ajfa-1243	349	14	vol	vol	NOUN
ajfa-1243	349	15	.	.	PROPN
ajfa-1243	349	16	4	4	NUM
ajfa-1243	349	17	,	,	PUNCT
ajfa-1243	349	18	no	no	INTJ
ajfa-1243	349	19	.	.	NOUN
ajfa-1243	349	20	1	1	NUM
ajfa-1243	349	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	349	22	66	66	NUM
ajfa-1243	349	23	fields	field	NOUN
ajfa-1243	349	24	,	,	PUNCT
ajfa-1243	349	25	m.	m.	NOUN
ajfa-1243	349	26	(	(	PUNCT
ajfa-1243	349	27	2011	2011	NUM
ajfa-1243	349	28	)	)	PUNCT
ajfa-1243	349	29	.	.	PUNCT
ajfa-1243	350	1	diversity	diversity	NOUN
ajfa-1243	350	2	plays	play	VERB
ajfa-1243	350	3	a	a	DET
ajfa-1243	350	4	role	role	NOUN
ajfa-1243	350	5	in	in	ADP
ajfa-1243	350	6	surviving	survive	VERB
ajfa-1243	350	7	the	the	DET
ajfa-1243	350	8	economic	economic	ADJ
ajfa-1243	350	9	downturn	downturn	NOUN
ajfa-1243	350	10	.	.	PUNCT
ajfa-1243	351	1	foo	foo	NOUN
ajfa-1243	351	2	,	,	PUNCT
ajfa-1243	351	3	y.	y.	PROPN
ajfa-1243	351	4	b.	b.	PROPN
ajfa-1243	351	5	,	,	PUNCT
ajfa-1243	351	6	&	&	CCONJ
ajfa-1243	351	7	zain	zain	PROPN
ajfa-1243	351	8	,	,	PUNCT
ajfa-1243	351	9	m.	m.	NOUN
ajfa-1243	351	10	m.	m.	NOUN
ajfa-1243	351	11	(	(	PUNCT
ajfa-1243	351	12	2010	2010	NUM
ajfa-1243	351	13	)	)	PUNCT
ajfa-1243	351	14	.	.	PUNCT
ajfa-1243	352	1	do	do	AUX
ajfa-1243	352	2	board	board	NOUN
ajfa-1243	352	3	characteristics	characteristic	NOUN
ajfa-1243	352	4	affect	affect	VERB
ajfa-1243	352	5	information	information	NOUN
ajfa-1243	352	6	asymmetry	asymmetry	NOUN
ajfa-1243	352	7	?	?	PUNCT
ajfa-1243	353	1	evidence	evidence	NOUN
ajfa-1243	353	2	from	from	ADP
ajfa-1243	353	3	malaysia	malaysia	PROPN
ajfa-1243	353	4	.	.	PUNCT
ajfa-1243	354	1	frances	frances	PROPN
ajfa-1243	354	2	,	,	PUNCT
ajfa-1243	354	3	j.	j.	PROPN
ajfa-1243	354	4	,	,	PUNCT
ajfa-1243	354	5	&	&	CCONJ
ajfa-1243	354	6	lmartins	lmartin	NOUN
ajfa-1243	354	7	.	.	PUNCT
ajfa-1243	355	1	(	(	PUNCT
ajfa-1243	355	2	1996	1996	NUM
ajfa-1243	355	3	)	)	PUNCT
ajfa-1243	355	4	.	.	PUNCT
ajfa-1243	356	1	searching	search	VERB
ajfa-1243	356	2	for	for	ADP
ajfa-1243	356	3	common	common	ADJ
ajfa-1243	356	4	threads	thread	NOUN
ajfa-1243	356	5	:	:	PUNCT
ajfa-1243	356	6	understanding	understand	VERB
ajfa-1243	356	7	the	the	DET
ajfa-1243	356	8	multiple	multiple	ADJ
ajfa-1243	356	9	effects	effect	NOUN
ajfa-1243	356	10	of	of	ADP
ajfa-1243	356	11	diversity	diversity	NOUN
ajfa-1243	356	12	in	in	ADP
ajfa-1243	356	13	organizational	organizational	ADJ
ajfa-1243	356	14	groups	group	NOUN
ajfa-1243	356	15	.	.	PUNCT
ajfa-1243	357	1	the	the	DET
ajfa-1243	357	2	academy	academy	PROPN
ajfa-1243	357	3	of	of	ADP
ajfa-1243	357	4	management	management	PROPN
ajfa-1243	357	5	review	review	NOUN
ajfa-1243	357	6	,	,	PUNCT
ajfa-1243	357	7	21	21	NUM
ajfa-1243	357	8	.	.	PUNCT
ajfa-1243	358	1	gomez	gomez	PROPN
ajfa-1243	358	2	,	,	PUNCT
ajfa-1243	358	3	e.	e.	PROPN
ajfa-1243	358	4	t.	t.	PROPN
ajfa-1243	358	5	,	,	PUNCT
ajfa-1243	358	6	&	&	CCONJ
ajfa-1243	358	7	jomo	jomo	PROPN
ajfa-1243	358	8	,	,	PUNCT
ajfa-1243	358	9	k.	k.	PROPN
ajfa-1243	358	10	s.	s.	PROPN
ajfa-1243	358	11	(	(	PUNCT
ajfa-1243	358	12	1997	1997	NUM
ajfa-1243	358	13	)	)	PUNCT
ajfa-1243	358	14	.	.	PUNCT
ajfa-1243	359	1	malaysia	malaysia	PROPN
ajfa-1243	359	2	's	's	PART
ajfa-1243	359	3	political	political	ADJ
ajfa-1243	359	4	economy	economy	NOUN
ajfa-1243	359	5	:	:	PUNCT
ajfa-1243	359	6	politics	politic	NOUN
ajfa-1243	359	7	,	,	PUNCT
ajfa-1243	359	8	patronage	patronage	NOUN
ajfa-1243	359	9	,	,	PUNCT
ajfa-1243	359	10	and	and	CCONJ
ajfa-1243	359	11	profits	profit	NOUN
ajfa-1243	359	12	.	.	PUNCT
ajfa-1243	360	1	cambridge	cambridge	PROPN
ajfa-1243	360	2	:	:	PUNCT
ajfa-1243	360	3	cambridge	cambridge	PROPN
ajfa-1243	360	4	university	university	PROPN
ajfa-1243	360	5	press	press	NOUN
ajfa-1243	360	6	.	.	PUNCT
ajfa-1243	361	1	gregoric	gregoric	ADJ
ajfa-1243	361	2	,	,	PUNCT
ajfa-1243	361	3	a.	a.	NOUN
ajfa-1243	361	4	,	,	PUNCT
ajfa-1243	361	5	oxelheim	oxelheim	NOUN
ajfa-1243	361	6	,	,	PUNCT
ajfa-1243	361	7	l.	l.	PROPN
ajfa-1243	361	8	,	,	PUNCT
ajfa-1243	361	9	randoy	randoy	NOUN
ajfa-1243	361	10	,	,	PUNCT
ajfa-1243	361	11	t.	t.	PROPN
ajfa-1243	361	12	,	,	PUNCT
ajfa-1243	361	13	&	&	CCONJ
ajfa-1243	361	14	thomsen	thomsen	PROPN
ajfa-1243	361	15	,	,	PUNCT
ajfa-1243	361	16	s.	s.	PROPN
ajfa-1243	361	17	(	(	PUNCT
ajfa-1243	361	18	2009	2009	NUM
ajfa-1243	361	19	)	)	PUNCT
ajfa-1243	361	20	.	.	PUNCT
ajfa-1243	362	1	corporate	corporate	ADJ
ajfa-1243	362	2	governance	governance	NOUN
ajfa-1243	362	3	as	as	ADP
ajfa-1243	362	4	a	a	DET
ajfa-1243	362	5	source	source	NOUN
ajfa-1243	362	6	of	of	ADP
ajfa-1243	362	7	competitiveness	competitiveness	NOUN
ajfa-1243	362	8	for	for	ADP
ajfa-1243	362	9	nordic	nordic	ADJ
ajfa-1243	362	10	firms	firm	NOUN
ajfa-1243	362	11	:	:	PUNCT
ajfa-1243	362	12	nordic	nordic	ADJ
ajfa-1243	362	13	innovation	innovation	NOUN
ajfa-1243	362	14	centre	centre	PROPN
ajfa-1243	362	15	.	.	PUNCT
ajfa-1243	363	1	hambrick	hambrick	PROPN
ajfa-1243	363	2	,	,	PUNCT
ajfa-1243	363	3	d.	d.	PROPN
ajfa-1243	363	4	c.	c.	PROPN
ajfa-1243	363	5	,	,	PUNCT
ajfa-1243	363	6	cho	cho	PROPN
ajfa-1243	363	7	,	,	PUNCT
ajfa-1243	363	8	t.	t.	PROPN
ajfa-1243	363	9	s.	s.	PROPN
ajfa-1243	363	10	,	,	PUNCT
ajfa-1243	363	11	&	&	CCONJ
ajfa-1243	363	12	chen	chen	PROPN
ajfa-1243	363	13	,	,	PUNCT
ajfa-1243	363	14	m.	m.	PROPN
ajfa-1243	363	15	j.	j.	PROPN
ajfa-1243	363	16	(	(	PUNCT
ajfa-1243	363	17	1996	1996	NUM
ajfa-1243	363	18	)	)	PUNCT
ajfa-1243	363	19	.	.	PUNCT
ajfa-1243	364	1	the	the	DET
ajfa-1243	364	2	influence	influence	NOUN
ajfa-1243	364	3	of	of	ADP
ajfa-1243	364	4	top	top	ADJ
ajfa-1243	364	5	management	management	NOUN
ajfa-1243	364	6	team	team	NOUN
ajfa-1243	364	7	heterogeneity	heterogeneity	NOUN
ajfa-1243	364	8	on	on	ADP
ajfa-1243	364	9	firms	firm	NOUN
ajfa-1243	364	10	'	'	PART
ajfa-1243	364	11	competitive	competitive	ADJ
ajfa-1243	364	12	moves	move	NOUN
ajfa-1243	364	13	.	.	PUNCT
ajfa-1243	365	1	administrative	administrative	ADJ
ajfa-1243	365	2	science	science	PROPN
ajfa-1243	365	3	quarterly	quarterly	ADV
ajfa-1243	365	4	,	,	PUNCT
ajfa-1243	365	5	41	41	NUM
ajfa-1243	365	6	,	,	PUNCT
ajfa-1243	365	7	659	659	NUM
ajfa-1243	365	8	-	-	SYM
ajfa-1243	365	9	684	684	NUM
ajfa-1243	365	10	.	.	PUNCT
ajfa-1243	366	1	http://dx.doi.org/10.2307/2393871	http://dx.doi.org/10.2307/2393871	PROPN
ajfa-1243	366	2	haniffa	haniffa	PROPN
ajfa-1243	366	3	,	,	PUNCT
ajfa-1243	366	4	r.	r.	PROPN
ajfa-1243	366	5	m.	m.	PROPN
ajfa-1243	366	6	,	,	PUNCT
ajfa-1243	366	7	&	&	CCONJ
ajfa-1243	366	8	cooke	cooke	PROPN
ajfa-1243	366	9	,	,	PUNCT
ajfa-1243	366	10	t.	t.	PROPN
ajfa-1243	366	11	e.	e.	PROPN
ajfa-1243	366	12	(	(	PUNCT
ajfa-1243	366	13	2002	2002	NUM
ajfa-1243	366	14	)	)	PUNCT
ajfa-1243	366	15	.	.	PUNCT
ajfa-1243	367	1	culture	culture	NOUN
ajfa-1243	367	2	,	,	PUNCT
ajfa-1243	367	3	corporate	corporate	ADJ
ajfa-1243	367	4	governance	governance	NOUN
ajfa-1243	367	5	,	,	PUNCT
ajfa-1243	367	6	and	and	CCONJ
ajfa-1243	367	7	disclosure	disclosure	NOUN
ajfa-1243	367	8	in	in	ADP
ajfa-1243	367	9	malaysian	malaysian	ADJ
ajfa-1243	367	10	corporations	corporation	NOUN
ajfa-1243	367	11	.	.	PUNCT
ajfa-1243	368	1	abacus	abacus	PROPN
ajfa-1243	368	2	,	,	PUNCT
ajfa-1243	368	3	38(3	38(3	NUM
ajfa-1243	368	4	)	)	PUNCT
ajfa-1243	368	5	,	,	PUNCT
ajfa-1243	368	6	317	317	NUM
ajfa-1243	368	7	-	-	SYM
ajfa-1243	368	8	349	349	NUM
ajfa-1243	368	9	.	.	PUNCT
ajfa-1243	369	1	http://dx.doi.org/10.1111/1467-6281.00112	http://dx.doi.org/10.1111/1467-6281.00112	PROPN
ajfa-1243	369	2	hill	hill	PROPN
ajfa-1243	369	3	,	,	PUNCT
ajfa-1243	369	4	e.	e.	PROPN
ajfa-1243	369	5	(	(	PUNCT
ajfa-1243	369	6	2004	2004	NUM
ajfa-1243	369	7	)	)	PUNCT
ajfa-1243	369	8	.	.	PUNCT
ajfa-1243	370	1	taking	take	VERB
ajfa-1243	370	2	diversity	diversity	NOUN
ajfa-1243	370	3	to	to	ADP
ajfa-1243	370	4	the	the	DET
ajfa-1243	370	5	next	next	ADJ
ajfa-1243	370	6	level	level	NOUN
ajfa-1243	370	7	in	in	ADP
ajfa-1243	370	8	tough	tough	ADJ
ajfa-1243	370	9	times	time	NOUN
ajfa-1243	370	10	:	:	PUNCT
ajfa-1243	370	11	knowledge@emory	knowledge@emory	X
ajfa-1243	370	12	.	.	PUNCT
ajfa-1243	371	1	hoffman	hoffman	PROPN
ajfa-1243	371	2	,	,	PUNCT
ajfa-1243	371	3	l.	l.	PROPN
ajfa-1243	371	4	r.	r.	PROPN
ajfa-1243	371	5	,	,	PUNCT
ajfa-1243	371	6	&	&	CCONJ
ajfa-1243	371	7	maier	maier	PROPN
ajfa-1243	371	8	,	,	PUNCT
ajfa-1243	371	9	n.	n.	PROPN
ajfa-1243	371	10	r.	r.	PROPN
ajfa-1243	371	11	f.	f.	PROPN
ajfa-1243	371	12	(	(	PUNCT
ajfa-1243	371	13	1961	1961	NUM
ajfa-1243	371	14	)	)	PUNCT
ajfa-1243	371	15	.	.	PUNCT
ajfa-1243	372	1	quality	quality	NOUN
ajfa-1243	372	2	and	and	CCONJ
ajfa-1243	372	3	acceptance	acceptance	NOUN
ajfa-1243	372	4	of	of	ADP
ajfa-1243	372	5	problem	problem	NOUN
ajfa-1243	372	6	solutions	solution	NOUN
ajfa-1243	372	7	by	by	ADP
ajfa-1243	372	8	members	member	NOUN
ajfa-1243	372	9	of	of	ADP
ajfa-1243	372	10	homogeneous	homogeneous	ADJ
ajfa-1243	372	11	and	and	CCONJ
ajfa-1243	372	12	heterogeneous	heterogeneous	ADJ
ajfa-1243	372	13	groups	group	NOUN
ajfa-1243	372	14	.	.	PUNCT
ajfa-1243	373	1	journal	journal	NOUN
ajfa-1243	373	2	of	of	ADP
ajfa-1243	373	3	abnormal	abnormal	ADJ
ajfa-1243	373	4	and	and	CCONJ
ajfa-1243	373	5	social	social	ADJ
ajfa-1243	373	6	psychology	psychology	NOUN
ajfa-1243	373	7	,	,	PUNCT
ajfa-1243	373	8	62	62	NUM
ajfa-1243	373	9	,	,	PUNCT
ajfa-1243	373	10	401	401	NUM
ajfa-1243	373	11	-	-	SYM
ajfa-1243	373	12	407	407	NUM
ajfa-1243	373	13	.	.	PUNCT
ajfa-1243	374	1	http://dx.doi.org/10.1037/h0044025	http://dx.doi.org/10.1037/h0044025	NOUN
ajfa-1243	374	2	hot	hot	ADJ
ajfa-1243	374	3	topics	topic	NOUN
ajfa-1243	374	4	.	.	PUNCT
ajfa-1243	375	1	(	(	PUNCT
ajfa-1243	375	2	2011	2011	NUM
ajfa-1243	375	3	)	)	PUNCT
ajfa-1243	375	4	.	.	PUNCT
ajfa-1243	376	1	corporate	corporate	ADJ
ajfa-1243	376	2	governance	governance	NOUN
ajfa-1243	376	3	trends	trend	NOUN
ajfa-1243	376	4	–	–	PUNCT
ajfa-1243	376	5	looking	look	VERB
ajfa-1243	376	6	back	back	ADV
ajfa-1243	376	7	as	as	SCONJ
ajfa-1243	376	8	we	we	PRON
ajfa-1243	376	9	move	move	VERB
ajfa-1243	376	10	forward	forward	ADV
ajfa-1243	376	11	:	:	PUNCT
ajfa-1243	376	12	deloitte	deloitte	PROPN
ajfa-1243	376	13	development	development	PROPN
ajfa-1243	376	14	llc	llc	PROPN
ajfa-1243	376	15	.	.	PUNCT
ajfa-1243	377	1	jensen	jensen	PROPN
ajfa-1243	377	2	,	,	PUNCT
ajfa-1243	377	3	m.	m.	NOUN
ajfa-1243	377	4	,	,	PUNCT
ajfa-1243	377	5	&	&	CCONJ
ajfa-1243	377	6	meckling	meckling	PROPN
ajfa-1243	377	7	,	,	PUNCT
ajfa-1243	377	8	w.	w.	PROPN
ajfa-1243	377	9	h.	h.	PROPN
ajfa-1243	377	10	(	(	PUNCT
ajfa-1243	377	11	1976	1976	NUM
ajfa-1243	377	12	)	)	PUNCT
ajfa-1243	377	13	.	.	PUNCT
ajfa-1243	378	1	theory	theory	NOUN
ajfa-1243	378	2	of	of	ADP
ajfa-1243	378	3	the	the	DET
ajfa-1243	378	4	firm	firm	NOUN
ajfa-1243	378	5	:	:	PUNCT
ajfa-1243	378	6	managerial	managerial	ADJ
ajfa-1243	378	7	behaviour	behaviour	NOUN
ajfa-1243	378	8	,	,	PUNCT
ajfa-1243	378	9	agency	agency	NOUN
ajfa-1243	378	10	costs	cost	NOUN
ajfa-1243	378	11	,	,	PUNCT
ajfa-1243	378	12	and	and	CCONJ
ajfa-1243	378	13	ownership	ownership	NOUN
ajfa-1243	378	14	structure	structure	NOUN
ajfa-1243	378	15	.	.	PUNCT
ajfa-1243	379	1	journal	journal	NOUN
ajfa-1243	379	2	of	of	ADP
ajfa-1243	379	3	financial	financial	ADJ
ajfa-1243	379	4	economics	economic	NOUN
ajfa-1243	379	5	,	,	PUNCT
ajfa-1243	379	6	3	3	NUM
ajfa-1243	379	7	,	,	PUNCT
ajfa-1243	379	8	305	305	NUM
ajfa-1243	379	9	-	-	SYM
ajfa-1243	379	10	360	360	NUM
ajfa-1243	379	11	.	.	PUNCT
ajfa-1243	380	1	jensen	jensen	PROPN
ajfa-1243	380	2	,	,	PUNCT
ajfa-1243	380	3	m.	m.	PROPN
ajfa-1243	380	4	c.	c.	PROPN
ajfa-1243	380	5	(	(	PUNCT
ajfa-1243	380	6	1993	1993	NUM
ajfa-1243	380	7	)	)	PUNCT
ajfa-1243	380	8	.	.	PUNCT
ajfa-1243	381	1	the	the	DET
ajfa-1243	381	2	modern	modern	ADJ
ajfa-1243	381	3	industrial	industrial	ADJ
ajfa-1243	381	4	revolution	revolution	NOUN
ajfa-1243	381	5	,	,	PUNCT
ajfa-1243	381	6	exit	exit	NOUN
ajfa-1243	381	7	and	and	CCONJ
ajfa-1243	381	8	the	the	DET
ajfa-1243	381	9	failure	failure	NOUN
ajfa-1243	381	10	of	of	ADP
ajfa-1243	381	11	internal	internal	ADJ
ajfa-1243	381	12	control	control	NOUN
ajfa-1243	381	13	systems	system	NOUN
ajfa-1243	381	14	.	.	PUNCT
ajfa-1243	382	1	journal	journal	PROPN
ajfa-1243	382	2	of	of	ADP
ajfa-1243	382	3	finance	finance	NOUN
ajfa-1243	382	4	,	,	PUNCT
ajfa-1243	382	5	48(3	48(3	PROPN
ajfa-1243	382	6	)	)	PUNCT
ajfa-1243	382	7	,	,	PUNCT
ajfa-1243	382	8	831	831	NUM
ajfa-1243	382	9	-	-	SYM
ajfa-1243	382	10	880	880	NUM
ajfa-1243	382	11	.	.	PUNCT
ajfa-1243	383	1	http://dx.doi.org/10.2307/2329018	http://dx.doi.org/10.2307/2329018	PROPN
ajfa-1243	383	2	john	john	PROPN
ajfa-1243	383	3	,	,	PUNCT
ajfa-1243	383	4	k.	k.	PROPN
ajfa-1243	383	5	,	,	PUNCT
ajfa-1243	383	6	&	&	CCONJ
ajfa-1243	383	7	knyazeva	knyazeva	PROPN
ajfa-1243	383	8	,	,	PUNCT
ajfa-1243	383	9	a.	a.	NOUN
ajfa-1243	383	10	(	(	PUNCT
ajfa-1243	383	11	2006	2006	NUM
ajfa-1243	383	12	)	)	PUNCT
ajfa-1243	383	13	.	.	PUNCT
ajfa-1243	384	1	pay	pay	VERB
ajfa-1243	384	2	-	-	PUNCT
ajfa-1243	384	3	out	out	ADP
ajfa-1243	384	4	policy	policy	NOUN
ajfa-1243	384	5	,	,	PUNCT
ajfa-1243	384	6	agency	agency	NOUN
ajfa-1243	384	7	conflicts	conflict	NOUN
ajfa-1243	384	8	and	and	CCONJ
ajfa-1243	384	9	corporate	corporate	ADJ
ajfa-1243	384	10	governance	governance	NOUN
ajfa-1243	384	11	,	,	PUNCT
ajfa-1243	384	12	working	working	NOUN
ajfa-1243	384	13	paper	paper	NOUN
ajfa-1243	384	14	:	:	PUNCT
ajfa-1243	384	15	new	new	PROPN
ajfa-1243	384	16	york	york	PROPN
ajfa-1243	384	17	university	university	PROPN
ajfa-1243	384	18	.	.	PUNCT
ajfa-1243	385	1	pay	pay	VERB
ajfa-1243	385	2	-	-	PUNCT
ajfa-1243	385	3	out	out	ADP
ajfa-1243	385	4	policy	policy	NOUN
ajfa-1243	385	5	,	,	PUNCT
ajfa-1243	385	6	agency	agency	NOUN
ajfa-1243	385	7	conflicts	conflict	NOUN
ajfa-1243	385	8	and	and	CCONJ
ajfa-1243	385	9	corporate	corporate	ADJ
ajfa-1243	385	10	governance	governance	NOUN
ajfa-1243	385	11	.	.	PUNCT
ajfa-1243	386	1	johnson	johnson	PROPN
ajfa-1243	386	2	,	,	PUNCT
ajfa-1243	386	3	s.	s.	PROPN
ajfa-1243	386	4	,	,	PUNCT
ajfa-1243	386	5	&	&	CCONJ
ajfa-1243	386	6	mitton	mitton	PROPN
ajfa-1243	386	7	,	,	PUNCT
ajfa-1243	386	8	t.	t.	PROPN
ajfa-1243	386	9	(	(	PUNCT
ajfa-1243	386	10	2003	2003	NUM
ajfa-1243	386	11	)	)	PUNCT
ajfa-1243	386	12	.	.	PUNCT
ajfa-1243	387	1	cronyism	cronyism	NOUN
ajfa-1243	387	2	and	and	CCONJ
ajfa-1243	387	3	capital	capital	NOUN
ajfa-1243	387	4	controls	control	NOUN
ajfa-1243	387	5	:	:	PUNCT
ajfa-1243	387	6	evidence	evidence	NOUN
ajfa-1243	387	7	from	from	ADP
ajfa-1243	387	8	malaysia	malaysia	PROPN
ajfa-1243	387	9	.	.	PUNCT
ajfa-1243	388	1	journal	journal	PROPN
ajfa-1243	388	2	of	of	ADP
ajfa-1243	388	3	financial	financial	ADJ
ajfa-1243	388	4	economics	economic	NOUN
ajfa-1243	388	5	,	,	PUNCT
ajfa-1243	388	6	67	67	NUM
ajfa-1243	388	7	,	,	PUNCT
ajfa-1243	388	8	351	351	NUM
ajfa-1243	388	9	-	-	SYM
ajfa-1243	388	10	338	338	NUM
ajfa-1243	388	11	.	.	PUNCT
ajfa-1243	389	1	http://dx.doi.org/10.1016/s0304-405x(02)00255-6	http://dx.doi.org/10.1016/s0304-405x(02)00255-6	PROPN
ajfa-1243	389	2	kanter	kanter	PROPN
ajfa-1243	389	3	,	,	PUNCT
ajfa-1243	389	4	r.	r.	PROPN
ajfa-1243	389	5	m.	m.	PROPN
ajfa-1243	389	6	(	(	PUNCT
ajfa-1243	389	7	1977	1977	NUM
ajfa-1243	389	8	)	)	PUNCT
ajfa-1243	389	9	.	.	PUNCT
ajfa-1243	390	1	men	man	NOUN
ajfa-1243	390	2	and	and	CCONJ
ajfa-1243	390	3	women	woman	NOUN
ajfa-1243	390	4	of	of	ADP
ajfa-1243	390	5	the	the	DET
ajfa-1243	390	6	corporation	corporation	NOUN
ajfa-1243	390	7	.	.	PUNCT
ajfa-1243	391	1	new	new	PROPN
ajfa-1243	391	2	york	york	PROPN
ajfa-1243	391	3	:	:	PUNCT
ajfa-1243	391	4	basic	basic	ADJ
ajfa-1243	391	5	books	book	NOUN
ajfa-1243	391	6	.	.	PUNCT
ajfa-1243	392	1	langevoort	langevoort	NOUN
ajfa-1243	392	2	,	,	PUNCT
ajfa-1243	392	3	d.	d.	PROPN
ajfa-1243	392	4	c.	c.	PROPN
ajfa-1243	392	5	(	(	PUNCT
ajfa-1243	392	6	2011	2011	NUM
ajfa-1243	392	7	)	)	PUNCT
ajfa-1243	392	8	.	.	PUNCT
ajfa-1243	393	1	commentary	commentary	NOUN
ajfa-1243	393	2	:	:	PUNCT
ajfa-1243	393	3	puzzles	puzzle	NOUN
ajfa-1243	393	4	about	about	ADP
ajfa-1243	393	5	corporate	corporate	ADJ
ajfa-1243	393	6	boards	board	NOUN
ajfa-1243	393	7	and	and	CCONJ
ajfa-1243	393	8	board	board	NOUN
ajfa-1243	393	9	diversity	diversity	NOUN
ajfa-1243	393	10	north	north	PROPN
ajfa-1243	393	11	carolina	carolina	PROPN
ajfa-1243	393	12	law	law	PROPN
ajfa-1243	393	13	review	review	PROPN
ajfa-1243	393	14	,	,	PUNCT
ajfa-1243	393	15	89	89	NUM
ajfa-1243	393	16	.	.	PUNCT
ajfa-1243	394	1	laughlin	laughlin	PROPN
ajfa-1243	394	2	,	,	PUNCT
ajfa-1243	394	3	p.	p.	PROPN
ajfa-1243	394	4	r.	r.	PROPN
ajfa-1243	394	5	(	(	PUNCT
ajfa-1243	394	6	1992	1992	NUM
ajfa-1243	394	7	)	)	PUNCT
ajfa-1243	394	8	.	.	PUNCT
ajfa-1243	395	1	influence	influence	NOUN
ajfa-1243	395	2	and	and	CCONJ
ajfa-1243	395	3	performance	performance	NOUN
ajfa-1243	395	4	in	in	ADP
ajfa-1243	395	5	simultaneous	simultaneous	ADJ
ajfa-1243	395	6	collective	collective	ADJ
ajfa-1243	395	7	and	and	CCONJ
ajfa-1243	395	8	individual	individual	ADJ
ajfa-1243	395	9	induction	induction	NOUN
ajfa-1243	395	10	.	.	PUNCT
ajfa-1243	396	1	organisational	organisational	ADJ
ajfa-1243	396	2	behaviour	behaviour	NOUN
ajfa-1243	396	3	and	and	CCONJ
ajfa-1243	396	4	human	human	ADJ
ajfa-1243	396	5	decision	decision	NOUN
ajfa-1243	396	6	51	51	NUM
ajfa-1243	396	7	,	,	PUNCT
ajfa-1243	396	8	447	447	NUM
ajfa-1243	396	9	-	-	SYM
ajfa-1243	396	10	470	470	NUM
ajfa-1243	396	11	.	.	PUNCT
ajfa-1243	397	1	asian	asian	ADJ
ajfa-1243	397	2	journal	journal	PROPN
ajfa-1243	397	3	of	of	ADP
ajfa-1243	397	4	finance	finance	PROPN
ajfa-1243	397	5	&	&	CCONJ
ajfa-1243	397	6	accounting	accounting	PROPN
ajfa-1243	397	7	issn	issn	PROPN
ajfa-1243	397	8	1946	1946	NUM
ajfa-1243	397	9	-	-	PUNCT
ajfa-1243	397	10	052x	052x	NOUN
ajfa-1243	397	11	2012	2012	NUM
ajfa-1243	397	12	,	,	PUNCT
ajfa-1243	397	13	vol	vol	NOUN
ajfa-1243	397	14	.	.	PROPN
ajfa-1243	397	15	4	4	NUM
ajfa-1243	397	16	,	,	PUNCT
ajfa-1243	397	17	no	no	INTJ
ajfa-1243	397	18	.	.	NOUN
ajfa-1243	397	19	1	1	NUM
ajfa-1243	397	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	397	21	67	67	NUM
ajfa-1243	397	22	http://dx.doi.org/10.1016/0749-5978(92)90021-x	http://dx.doi.org/10.1016/0749-5978(92)90021-x	NUM
ajfa-1243	397	23	lipton	lipton	PROPN
ajfa-1243	397	24	,	,	PUNCT
ajfa-1243	397	25	m.	m.	NOUN
ajfa-1243	397	26	,	,	PUNCT
ajfa-1243	397	27	&	&	CCONJ
ajfa-1243	397	28	lorsch	lorsch	PROPN
ajfa-1243	397	29	,	,	PUNCT
ajfa-1243	397	30	j.	j.	PROPN
ajfa-1243	397	31	w.	w.	PROPN
ajfa-1243	397	32	(	(	PUNCT
ajfa-1243	397	33	1992	1992	NUM
ajfa-1243	397	34	)	)	PUNCT
ajfa-1243	397	35	.	.	PUNCT
ajfa-1243	398	1	a	a	DET
ajfa-1243	398	2	modest	modest	ADJ
ajfa-1243	398	3	proposal	proposal	NOUN
ajfa-1243	398	4	for	for	ADP
ajfa-1243	398	5	improved	improve	VERB
ajfa-1243	398	6	corporate	corporate	ADJ
ajfa-1243	398	7	governance	governance	NOUN
ajfa-1243	398	8	.	.	PUNCT
ajfa-1243	399	1	business	business	NOUN
ajfa-1243	399	2	lawyer	lawyer	NOUN
ajfa-1243	399	3	,	,	PUNCT
ajfa-1243	399	4	48(1	48(1	NOUN
ajfa-1243	399	5	)	)	PUNCT
ajfa-1243	399	6	,	,	PUNCT
ajfa-1243	399	7	59	59	NUM
ajfa-1243	399	8	-	-	SYM
ajfa-1243	399	9	77	77	NUM
ajfa-1243	399	10	.	.	PUNCT
ajfa-1243	400	1	macfarlane	macfarlane	PROPN
ajfa-1243	400	2	,	,	PUNCT
ajfa-1243	400	3	f.	f.	PROPN
ajfa-1243	400	4	,	,	PUNCT
ajfa-1243	400	5	sinhuber	sinhuber	PROPN
ajfa-1243	400	6	,	,	PUNCT
ajfa-1243	400	7	d.	d.	PROPN
ajfa-1243	400	8	,	,	PUNCT
ajfa-1243	400	9	&	&	CCONJ
ajfa-1243	400	10	khan	khan	PROPN
ajfa-1243	400	11	,	,	PUNCT
ajfa-1243	400	12	t.	t.	PROPN
ajfa-1243	400	13	(	(	PUNCT
ajfa-1243	400	14	2010	2010	NUM
ajfa-1243	400	15	)	)	PUNCT
ajfa-1243	400	16	.	.	PUNCT
ajfa-1243	401	1	diversity	diversity	NOUN
ajfa-1243	401	2	briefing	briefing	NOUN
ajfa-1243	401	3	:	:	PUNCT
ajfa-1243	401	4	the	the	DET
ajfa-1243	401	5	canadian	canadian	PROPN
ajfa-1243	401	6	institute	institute	PROPN
ajfa-1243	401	7	of	of	ADP
ajfa-1243	401	8	chartered	chartered	PROPN
ajfa-1243	401	9	accountants	accountant	NOUN
ajfa-1243	401	10	.	.	PUNCT
ajfa-1243	402	1	madalla	madalla	PROPN
ajfa-1243	402	2	,	,	PUNCT
ajfa-1243	402	3	g.s	g.s	PROPN
ajfa-1243	402	4	.	.	PROPN
ajfa-1243	402	5	,	,	PUNCT
ajfa-1243	402	6	2001	2001	NUM
ajfa-1243	402	7	.	.	PUNCT
ajfa-1243	403	1	introduction	introduction	NOUN
ajfa-1243	403	2	to	to	ADP
ajfa-1243	403	3	econometrics	econometric	NOUN
ajfa-1243	403	4	,	,	PUNCT
ajfa-1243	403	5	new	new	PROPN
ajfa-1243	403	6	york	york	PROPN
ajfa-1243	403	7	:	:	PUNCT
ajfa-1243	403	8	wiley	wiley	PROPN
ajfa-1243	403	9	marimuthu	marimuthu	PROPN
ajfa-1243	403	10	,	,	PUNCT
ajfa-1243	403	11	m.	m.	NOUN
ajfa-1243	403	12	(	(	PUNCT
ajfa-1243	403	13	2008	2008	NUM
ajfa-1243	403	14	)	)	PUNCT
ajfa-1243	403	15	.	.	PUNCT
ajfa-1243	404	1	ethnic	ethnic	ADJ
ajfa-1243	404	2	diversity	diversity	NOUN
ajfa-1243	404	3	on	on	ADP
ajfa-1243	404	4	boards	board	NOUN
ajfa-1243	404	5	of	of	ADP
ajfa-1243	404	6	directors	director	NOUN
ajfa-1243	404	7	and	and	CCONJ
ajfa-1243	404	8	its	its	PRON
ajfa-1243	404	9	implications	implication	NOUN
ajfa-1243	404	10	of	of	ADP
ajfa-1243	404	11	firm	firm	ADJ
ajfa-1243	404	12	financial	financial	ADJ
ajfa-1243	404	13	performance	performance	NOUN
ajfa-1243	404	14	.	.	PUNCT
ajfa-1243	405	1	journal	journal	NOUN
ajfa-1243	405	2	of	of	ADP
ajfa-1243	405	3	international	international	ADJ
ajfa-1243	405	4	social	social	ADJ
ajfa-1243	405	5	research	research	NOUN
ajfa-1243	405	6	,	,	PUNCT
ajfa-1243	405	7	1(4	1(4	NUM
ajfa-1243	405	8	)	)	PUNCT
ajfa-1243	405	9	,	,	PUNCT
ajfa-1243	405	10	432	432	NUM
ajfa-1243	405	11	-	-	SYM
ajfa-1243	405	12	445	445	NUM
ajfa-1243	405	13	.	.	PUNCT
ajfa-1243	406	1	masulis	masulis	PROPN
ajfa-1243	406	2	,	,	PUNCT
ajfa-1243	406	3	r	r	NOUN
ajfa-1243	406	4	w	w	PROPN
ajfa-1243	406	5	,	,	PUNCT
ajfa-1243	406	6	p	p	PROPN
ajfa-1243	406	7	k	k	PROPN
ajfa-1243	406	8	pham	pham	PROPN
ajfa-1243	406	9	and	and	CCONJ
ajfa-1243	406	10	j	j	PROPN
ajfa-1243	406	11	zein	zein	PROPN
ajfa-1243	406	12	.	.	PROPN
ajfa-1243	406	13	2009	2009	NUM
ajfa-1243	406	14	.	.	PUNCT
ajfa-1243	407	1	family	family	NOUN
ajfa-1243	407	2	business	business	NOUN
ajfa-1243	407	3	groups	group	NOUN
ajfa-1243	407	4	around	around	ADP
ajfa-1243	407	5	the	the	DET
ajfa-1243	407	6	world	world	NOUN
ajfa-1243	407	7	:	:	PUNCT
ajfa-1243	407	8	costs	cost	NOUN
ajfa-1243	407	9	and	and	CCONJ
ajfa-1243	407	10	benefits	benefit	NOUN
ajfa-1243	407	11	of	of	ADP
ajfa-1243	407	12	pyramids	pyramid	NOUN
ajfa-1243	407	13	.	.	PUNCT
ajfa-1243	408	1	mattis	mattis	PROPN
ajfa-1243	408	2	,	,	PUNCT
ajfa-1243	408	3	m.	m.	NOUN
ajfa-1243	408	4	c.	c.	PROPN
ajfa-1243	408	5	(	(	PUNCT
ajfa-1243	408	6	ed	ed	NOUN
ajfa-1243	408	7	.	.	PUNCT
ajfa-1243	408	8	)	)	PUNCT
ajfa-1243	408	9	.	.	PUNCT
ajfa-1243	409	1	(	(	PUNCT
ajfa-1243	409	2	2000	2000	NUM
ajfa-1243	409	3	)	)	PUNCT
ajfa-1243	409	4	.	.	PUNCT
ajfa-1243	410	1	women	woman	NOUN
ajfa-1243	410	2	corporate	corporate	ADJ
ajfa-1243	410	3	directors	director	NOUN
ajfa-1243	410	4	in	in	ADP
ajfa-1243	410	5	the	the	DET
ajfa-1243	410	6	united	united	PROPN
ajfa-1243	410	7	states	states	PROPN
ajfa-1243	410	8	:	:	PUNCT
ajfa-1243	410	9	kluwer	kluwer	PROPN
ajfa-1243	410	10	academic	academic	PROPN
ajfa-1243	410	11	:	:	PUNCT
ajfa-1243	410	12	netherlands	netherlands	PROPN
ajfa-1243	410	13	.	.	PUNCT
ajfa-1243	411	1	murray	murray	PROPN
ajfa-1243	411	2	,	,	PUNCT
ajfa-1243	411	3	j.e	j.e	PROPN
ajfa-1243	411	4	.	.	PROPN
ajfa-1243	411	5	(	(	PUNCT
ajfa-1243	411	6	2008	2008	NUM
ajfa-1243	411	7	)	)	PUNCT
ajfa-1243	411	8	“	"	PUNCT
ajfa-1243	411	9	identifying	identify	VERB
ajfa-1243	411	10	,	,	PUNCT
ajfa-1243	411	11	separating	separate	VERB
ajfa-1243	411	12	,	,	PUNCT
ajfa-1243	411	13	and	and	CCONJ
ajfa-1243	411	14	managing	manage	VERB
ajfa-1243	411	15	asymmetric	asymmetric	ADJ
ajfa-1243	411	16	information	information	NOUN
ajfa-1243	411	17	in	in	ADP
ajfa-1243	411	18	early	early	ADJ
ajfa-1243	411	19	20c	20c	NOUN
ajfa-1243	411	20	health	health	NOUN
ajfa-1243	411	21	insurance	insurance	NOUN
ajfa-1243	411	22	"	"	PUNCT
ajfa-1243	411	23	rathnayake	rathnayake	NOUN
ajfa-1243	411	24	,	,	PUNCT
ajfa-1243	411	25	j.	j.	PROPN
ajfa-1243	411	26	(	(	PUNCT
ajfa-1243	411	27	2009	2009	NUM
ajfa-1243	411	28	)	)	PUNCT
ajfa-1243	411	29	.	.	PUNCT
ajfa-1243	412	1	the	the	DET
ajfa-1243	412	2	global	global	ADJ
ajfa-1243	412	3	financial	financial	ADJ
ajfa-1243	412	4	crisis	crisis	NOUN
ajfa-1243	412	5	like	like	ADP
ajfa-1243	412	6	the	the	DET
ajfa-1243	412	7	downside	downside	NOUN
ajfa-1243	412	8	,	,	PUNCT
ajfa-1243	412	9	sl	sl	INTJ
ajfa-1243	412	10	to	to	PART
ajfa-1243	412	11	feel	feel	VERB
ajfa-1243	412	12	recovery	recovery	NOUN
ajfa-1243	412	13	late	late	ADV
ajfa-1243	412	14	.	.	PUNCT
ajfa-1243	413	1	http://www.tisrilanka.org/?p=2793	http://www.tisrilanka.org/?p=2793	NOUN
ajfa-1243	413	2	renaud	renaud	NOUN
ajfa-1243	413	3	,	,	PUNCT
ajfa-1243	413	4	b.	b.	PROPN
ajfa-1243	413	5	(	(	PUNCT
ajfa-1243	413	6	2003	2003	NUM
ajfa-1243	413	7	)	)	PUNCT
ajfa-1243	413	8	.	.	PUNCT
ajfa-1243	414	1	speculative	speculative	ADJ
ajfa-1243	414	2	behaviour	behaviour	NOUN
ajfa-1243	414	3	in	in	ADP
ajfa-1243	414	4	immature	immature	ADJ
ajfa-1243	414	5	real	real	ADJ
ajfa-1243	414	6	estate	estate	NOUN
ajfa-1243	414	7	markets	market	NOUN
ajfa-1243	414	8	,	,	PUNCT
ajfa-1243	414	9	lessons	lesson	NOUN
ajfa-1243	414	10	of	of	ADP
ajfa-1243	414	11	the	the	DET
ajfa-1243	414	12	1997	1997	NUM
ajfa-1243	414	13	asia	asia	PROPN
ajfa-1243	414	14	financial	financial	ADJ
ajfa-1243	414	15	crisis	crisis	NOUN
ajfa-1243	414	16	urban	urban	ADJ
ajfa-1243	414	17	policy	policy	NOUN
ajfa-1243	414	18	and	and	CCONJ
ajfa-1243	414	19	research	research	NOUN
ajfa-1243	414	20	,	,	PUNCT
ajfa-1243	414	21	21(2	21(2	NUM
ajfa-1243	414	22	)	)	PUNCT
ajfa-1243	414	23	,	,	PUNCT
ajfa-1243	414	24	153	153	NUM
ajfa-1243	414	25	-	-	SYM
ajfa-1243	414	26	173	173	NUM
ajfa-1243	414	27	.	.	PUNCT
ajfa-1243	415	1	http://dx.doi.org/10.1080/08111140309950	http://dx.doi.org/10.1080/08111140309950	PROPN
ajfa-1243	415	2	reskin	reskin	PROPN
ajfa-1243	415	3	,	,	PUNCT
ajfa-1243	415	4	b.	b.	PROPN
ajfa-1243	415	5	f.	f.	PROPN
ajfa-1243	415	6	,	,	PUNCT
ajfa-1243	415	7	mcbrier	mcbrier	PROPN
ajfa-1243	415	8	,	,	PUNCT
ajfa-1243	415	9	d.	d.	PROPN
ajfa-1243	415	10	b.	b.	PROPN
ajfa-1243	415	11	,	,	PUNCT
ajfa-1243	415	12	&	&	CCONJ
ajfa-1243	415	13	kmec	kmec	PROPN
ajfa-1243	415	14	,	,	PUNCT
ajfa-1243	415	15	j.	j.	PROPN
ajfa-1243	415	16	a.	a.	PROPN
ajfa-1243	415	17	(	(	PUNCT
ajfa-1243	415	18	1999	1999	NUM
ajfa-1243	415	19	)	)	PUNCT
ajfa-1243	415	20	.	.	PUNCT
ajfa-1243	416	1	the	the	DET
ajfa-1243	416	2	determinants	determinant	NOUN
ajfa-1243	416	3	and	and	CCONJ
ajfa-1243	416	4	consequences	consequence	NOUN
ajfa-1243	416	5	of	of	ADP
ajfa-1243	416	6	workplace	workplace	NOUN
ajfa-1243	416	7	sex	sex	NOUN
ajfa-1243	416	8	and	and	CCONJ
ajfa-1243	416	9	race	race	NOUN
ajfa-1243	416	10	composition	composition	NOUN
ajfa-1243	416	11	.	.	PUNCT
ajfa-1243	417	1	annual	annual	ADJ
ajfa-1243	417	2	review	review	NOUN
ajfa-1243	417	3	of	of	ADP
ajfa-1243	417	4	sociology	sociology	NOUN
ajfa-1243	417	5	,	,	PUNCT
ajfa-1243	417	6	335–361	335–361	NUM
ajfa-1243	417	7	.	.	PUNCT
ajfa-1243	418	1	http://dx.doi.org/10.1146/annurev.soc.25.1.335	http://dx.doi.org/10.1146/annurev.soc.25.1.335	PROPN
ajfa-1243	418	2	roberson	roberson	PROPN
ajfa-1243	418	3	,	,	PUNCT
ajfa-1243	418	4	q.	q.	PROPN
ajfa-1243	418	5	,	,	PUNCT
ajfa-1243	418	6	&	&	CCONJ
ajfa-1243	418	7	park	park	PROPN
ajfa-1243	418	8	,	,	PUNCT
ajfa-1243	418	9	h.	h.	PROPN
ajfa-1243	418	10	(	(	PUNCT
ajfa-1243	418	11	2007	2007	NUM
ajfa-1243	418	12	)	)	PUNCT
ajfa-1243	418	13	.	.	PUNCT
ajfa-1243	419	1	examining	examine	VERB
ajfa-1243	419	2	the	the	DET
ajfa-1243	419	3	link	link	NOUN
ajfa-1243	419	4	between	between	ADP
ajfa-1243	419	5	diversity	diversity	NOUN
ajfa-1243	419	6	and	and	CCONJ
ajfa-1243	419	7	firm	firm	ADJ
ajfa-1243	419	8	performance	performance	NOUN
ajfa-1243	419	9	:	:	PUNCT
ajfa-1243	419	10	the	the	DET
ajfa-1243	419	11	effects	effect	NOUN
ajfa-1243	419	12	of	of	ADP
ajfa-1243	419	13	diversity	diversity	NOUN
ajfa-1243	419	14	reputation	reputation	NOUN
ajfa-1243	419	15	and	and	CCONJ
ajfa-1243	419	16	leader	leader	NOUN
ajfa-1243	419	17	racial	racial	ADJ
ajfa-1243	419	18	diversity	diversity	NOUN
ajfa-1243	419	19	.	.	PUNCT
ajfa-1243	420	1	group	group	PROPN
ajfa-1243	420	2	&	&	CCONJ
ajfa-1243	420	3	organization	organization	PROPN
ajfa-1243	420	4	management	management	NOUN
ajfa-1243	420	5	,	,	PUNCT
ajfa-1243	420	6	32	32	NUM
ajfa-1243	420	7	,	,	PUNCT
ajfa-1243	420	8	548	548	NUM
ajfa-1243	420	9	-	-	SYM
ajfa-1243	420	10	568	568	NUM
ajfa-1243	420	11	.	.	PUNCT
ajfa-1243	421	1	http://dx.doi.org/10.1177/1059601106291124	http://dx.doi.org/10.1177/1059601106291124	PROPN
ajfa-1243	421	2	ross	ross	PROPN
ajfa-1243	421	3	,	,	PUNCT
ajfa-1243	421	4	s.	s.	PROPN
ajfa-1243	421	5	a.	a.	PROPN
ajfa-1243	421	6	(	(	PUNCT
ajfa-1243	421	7	1973	1973	NUM
ajfa-1243	421	8	)	)	PUNCT
ajfa-1243	421	9	.	.	PUNCT
ajfa-1243	422	1	the	the	DET
ajfa-1243	422	2	economic	economic	ADJ
ajfa-1243	422	3	theory	theory	NOUN
ajfa-1243	422	4	of	of	ADP
ajfa-1243	422	5	agency	agency	NOUN
ajfa-1243	422	6	:	:	PUNCT
ajfa-1243	422	7	the	the	DET
ajfa-1243	422	8	principal	principal	NOUN
ajfa-1243	422	9	's	's	PART
ajfa-1243	422	10	problem	problem	NOUN
ajfa-1243	422	11	.	.	PUNCT
ajfa-1243	423	1	singh	singh	PROPN
ajfa-1243	423	2	,	,	PUNCT
ajfa-1243	423	3	m.	m.	NOUN
ajfa-1243	423	4	,	,	PUNCT
ajfa-1243	423	5	&	&	CCONJ
ajfa-1243	423	6	davidson	davidson	PROPN
ajfa-1243	423	7	,	,	PUNCT
ajfa-1243	423	8	w.	w.	PROPN
ajfa-1243	423	9	n.	n.	PROPN
ajfa-1243	423	10	(	(	PUNCT
ajfa-1243	423	11	2003	2003	NUM
ajfa-1243	423	12	)	)	PUNCT
ajfa-1243	423	13	.	.	PUNCT
ajfa-1243	424	1	agency	agency	NOUN
ajfa-1243	424	2	costs	cost	NOUN
ajfa-1243	424	3	,	,	PUNCT
ajfa-1243	424	4	ownership	ownership	NOUN
ajfa-1243	424	5	structure	structure	NOUN
ajfa-1243	424	6	and	and	CCONJ
ajfa-1243	424	7	corporate	corporate	ADJ
ajfa-1243	424	8	governance	governance	NOUN
ajfa-1243	424	9	mechanisms	mechanism	NOUN
ajfa-1243	424	10	.	.	PUNCT
ajfa-1243	425	1	journal	journal	NOUN
ajfa-1243	425	2	of	of	ADP
ajfa-1243	425	3	banking	banking	NOUN
ajfa-1243	425	4	and	and	CCONJ
ajfa-1243	425	5	finance	finance	NOUN
ajfa-1243	425	6	,	,	PUNCT
ajfa-1243	425	7	27	27	NUM
ajfa-1243	425	8	,	,	PUNCT
ajfa-1243	425	9	793	793	NUM
ajfa-1243	425	10	-	-	SYM
ajfa-1243	425	11	816	816	NUM
ajfa-1243	425	12	.	.	PUNCT
ajfa-1243	426	1	http://dx.doi.org/10.1016/s0378-4266(01)00260-6	http://dx.doi.org/10.1016/s0378-4266(01)00260-6	PROPN
ajfa-1243	426	2	spencer	spencer	PROPN
ajfa-1243	426	3	,	,	PUNCT
ajfa-1243	426	4	s.	s.	PROPN
ajfa-1243	426	5	j.	j.	PROPN
ajfa-1243	426	6	,	,	PUNCT
ajfa-1243	426	7	steele	steele	PROPN
ajfa-1243	426	8	,	,	PUNCT
ajfa-1243	426	9	c.	c.	PROPN
ajfa-1243	426	10	m.	m.	PROPN
ajfa-1243	426	11	,	,	PUNCT
ajfa-1243	426	12	&	&	CCONJ
ajfa-1243	426	13	quinn	quinn	PROPN
ajfa-1243	426	14	,	,	PUNCT
ajfa-1243	426	15	d.	d.	PROPN
ajfa-1243	426	16	m.	m.	PROPN
ajfa-1243	426	17	(	(	PUNCT
ajfa-1243	426	18	1999	1999	NUM
ajfa-1243	426	19	)	)	PUNCT
ajfa-1243	426	20	.	.	PUNCT
ajfa-1243	427	1	stereotype	stereotype	NOUN
ajfa-1243	427	2	threat	threat	NOUN
ajfa-1243	427	3	and	and	CCONJ
ajfa-1243	427	4	women	woman	NOUN
ajfa-1243	427	5	's	's	PART
ajfa-1243	427	6	math	math	NOUN
ajfa-1243	427	7	performance	performance	NOUN
ajfa-1243	427	8	.	.	PUNCT
ajfa-1243	428	1	,	,	PUNCT
ajfa-1243	428	2	35	35	NUM
ajfa-1243	428	3	,	,	PUNCT
ajfa-1243	428	4	.	.	PUNCT
ajfa-1243	429	1	journal	journal	NOUN
ajfa-1243	429	2	of	of	ADP
ajfa-1243	429	3	experimental	experimental	ADJ
ajfa-1243	429	4	social	social	ADJ
ajfa-1243	429	5	psychology	psychology	NOUN
ajfa-1243	429	6	,	,	PUNCT
ajfa-1243	429	7	35	35	NUM
ajfa-1243	429	8	,	,	PUNCT
ajfa-1243	429	9	4–28	4–28	PROPN
ajfa-1243	429	10	.	.	PUNCT
ajfa-1243	430	1	http://dx.doi.org/10.1006/jesp.1998.1373	http://dx.doi.org/10.1006/jesp.1998.1373	PROPN
ajfa-1243	430	2	steele	steele	PROPN
ajfa-1243	430	3	,	,	PUNCT
ajfa-1243	430	4	c.	c.	PROPN
ajfa-1243	430	5	m.	m.	PROPN
ajfa-1243	430	6	,	,	PUNCT
ajfa-1243	430	7	&	&	CCONJ
ajfa-1243	430	8	aronson	aronson	PROPN
ajfa-1243	430	9	,	,	PUNCT
ajfa-1243	430	10	j.	j.	PROPN
ajfa-1243	430	11	(	(	PUNCT
ajfa-1243	430	12	1995	1995	NUM
ajfa-1243	430	13	)	)	PUNCT
ajfa-1243	430	14	.	.	PUNCT
ajfa-1243	431	1	stereotype	stereotype	NOUN
ajfa-1243	431	2	threat	threat	NOUN
ajfa-1243	431	3	and	and	CCONJ
ajfa-1243	431	4	the	the	DET
ajfa-1243	431	5	intellectual	intellectual	ADJ
ajfa-1243	431	6	test	test	NOUN
ajfa-1243	431	7	performance	performance	NOUN
ajfa-1243	431	8	of	of	ADP
ajfa-1243	431	9	african	african	PROPN
ajfa-1243	431	10	-	-	PUNCT
ajfa-1243	431	11	americans	americans	PROPN
ajfa-1243	431	12	.	.	PUNCT
ajfa-1243	432	1	journal	journal	NOUN
ajfa-1243	432	2	of	of	ADP
ajfa-1243	432	3	personality	personality	NOUN
ajfa-1243	432	4	and	and	CCONJ
ajfa-1243	432	5	social	social	ADJ
ajfa-1243	432	6	psychology	psychology	NOUN
ajfa-1243	432	7	,	,	PUNCT
ajfa-1243	432	8	69	69	NUM
ajfa-1243	432	9	,	,	PUNCT
ajfa-1243	432	10	797–811	797–811	NUM
ajfa-1243	432	11	.	.	PUNCT
ajfa-1243	433	1	http://dx.doi.org/10.1037/0022-3514.69.5.797	http://dx.doi.org/10.1037/0022-3514.69.5.797	PROPN
ajfa-1243	433	2	asian	asian	ADJ
ajfa-1243	433	3	journal	journal	NOUN
ajfa-1243	433	4	of	of	ADP
ajfa-1243	433	5	finance	finance	PROPN
ajfa-1243	433	6	&	&	CCONJ
ajfa-1243	433	7	accounting	accounting	PROPN
ajfa-1243	433	8	issn	issn	PROPN
ajfa-1243	433	9	1946	1946	NUM
ajfa-1243	433	10	-	-	PUNCT
ajfa-1243	433	11	052x	052x	NOUN
ajfa-1243	433	12	2012	2012	NUM
ajfa-1243	433	13	,	,	PUNCT
ajfa-1243	433	14	vol	vol	NOUN
ajfa-1243	433	15	.	.	PROPN
ajfa-1243	433	16	4	4	NUM
ajfa-1243	433	17	,	,	PUNCT
ajfa-1243	433	18	no	no	INTJ
ajfa-1243	433	19	.	.	NOUN
ajfa-1243	433	20	1	1	NUM
ajfa-1243	433	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1243	433	22	68	68	NUM
ajfa-1243	433	23	villalonga	villalonga	ADJ
ajfa-1243	433	24	,	,	PUNCT
ajfa-1243	433	25	b.	b.	PROPN
ajfa-1243	433	26	,	,	PUNCT
ajfa-1243	433	27	&	&	CCONJ
ajfa-1243	433	28	amit	amit	PROPN
ajfa-1243	433	29	,	,	PUNCT
ajfa-1243	433	30	r.	r.	PROPN
ajfa-1243	433	31	(	(	PUNCT
ajfa-1243	433	32	2006	2006	NUM
ajfa-1243	433	33	)	)	PUNCT
ajfa-1243	433	34	.	.	PUNCT
ajfa-1243	434	1	how	how	SCONJ
ajfa-1243	434	2	do	do	AUX
ajfa-1243	434	3	family	family	NOUN
ajfa-1243	434	4	ownership	ownership	NOUN
ajfa-1243	434	5	,	,	PUNCT
ajfa-1243	434	6	control	control	NOUN
ajfa-1243	434	7	and	and	CCONJ
ajfa-1243	434	8	management	management	NOUN
ajfa-1243	434	9	affect	affect	VERB
ajfa-1243	434	10	firm	firm	ADJ
ajfa-1243	434	11	value	value	NOUN
ajfa-1243	434	12	?	?	PUNCT
ajfa-1243	435	1	journal	journal	NOUN
ajfa-1243	435	2	of	of	ADP
ajfa-1243	435	3	financial	financial	ADJ
ajfa-1243	435	4	economics	economic	NOUN
ajfa-1243	435	5	,	,	PUNCT
ajfa-1243	435	6	80	80	NUM
ajfa-1243	435	7	,	,	PUNCT
ajfa-1243	435	8	385	385	NUM
ajfa-1243	435	9	-	-	SYM
ajfa-1243	435	10	417	417	NUM
ajfa-1243	435	11	.	.	PUNCT
ajfa-1243	436	1	http://dx.doi.org/10.1016/j.jfineco.2004.12.005	http://dx.doi.org/10.1016/j.jfineco.2004.12.005	PROPN
ajfa-1243	436	2	wang	wang	PROPN
ajfa-1243	436	3	,	,	PUNCT
ajfa-1243	436	4	y.	y.	PROPN
ajfa-1243	436	5	,	,	PUNCT
ajfa-1243	436	6	&	&	CCONJ
ajfa-1243	436	7	clift	clift	PROPN
ajfa-1243	436	8	,	,	PUNCT
ajfa-1243	436	9	b.	b.	PROPN
ajfa-1243	436	10	(	(	PUNCT
ajfa-1243	436	11	2009	2009	NUM
ajfa-1243	436	12	)	)	PUNCT
ajfa-1243	436	13	.	.	PUNCT
ajfa-1243	436	14	is	be	AUX
ajfa-1243	436	15	there	there	PRON
ajfa-1243	436	16	a	a	DET
ajfa-1243	436	17	“	"	PUNCT
ajfa-1243	436	18	business	business	NOUN
ajfa-1243	436	19	case	case	NOUN
ajfa-1243	436	20	”	"	PUNCT
ajfa-1243	436	21	for	for	ADP
ajfa-1243	436	22	board	board	NOUN
ajfa-1243	436	23	diversity	diversity	NOUN
ajfa-1243	436	24	?	?	PUNCT
ajfa-1243	437	1	pacific	pacific	PROPN
ajfa-1243	437	2	accounting	accounting	PROPN
ajfa-1243	437	3	review	review	PROPN
ajfa-1243	437	4	,	,	PUNCT
ajfa-1243	437	5	21	21	NUM
ajfa-1243	437	6	,	,	PUNCT
ajfa-1243	437	7	88	88	NUM
ajfa-1243	437	8	.	.	PUNCT
ajfa-1243	438	1	http://dx.doi.org/10.1108/01140580911002044	http://dx.doi.org/10.1108/01140580911002044	PROPN
ajfa-1243	438	2	yatim	yatim	PROPN
ajfa-1243	438	3	,	,	PUNCT
ajfa-1243	438	4	p.	p.	PROPN
ajfa-1243	438	5	,	,	PUNCT
ajfa-1243	438	6	kent	kent	PROPN
ajfa-1243	438	7	,	,	PUNCT
ajfa-1243	438	8	p.	p.	PROPN
ajfa-1243	438	9	,	,	PUNCT
ajfa-1243	438	10	&	&	CCONJ
ajfa-1243	438	11	clarkson	clarkson	PROPN
ajfa-1243	438	12	,	,	PUNCT
ajfa-1243	438	13	p.	p.	NOUN
ajfa-1243	438	14	(	(	PUNCT
ajfa-1243	438	15	2006	2006	NUM
ajfa-1243	438	16	)	)	PUNCT
ajfa-1243	438	17	.	.	PUNCT
ajfa-1243	439	1	governance	governance	NOUN
ajfa-1243	439	2	structures	structure	NOUN
ajfa-1243	439	3	,	,	PUNCT
ajfa-1243	439	4	ethnicity	ethnicity	NOUN
ajfa-1243	439	5	,	,	PUNCT
ajfa-1243	439	6	and	and	CCONJ
ajfa-1243	439	7	audit	audit	NOUN
ajfa-1243	439	8	fees	fee	NOUN
ajfa-1243	439	9	of	of	ADP
ajfa-1243	439	10	malaysian	malaysian	ADJ
ajfa-1243	439	11	listed	list	VERB
ajfa-1243	439	12	firms	firm	NOUN
ajfa-1243	439	13	.	.	PUNCT
ajfa-1243	440	1	zander	zander	NOUN
ajfa-1243	440	2	,	,	PUNCT
ajfa-1243	440	3	a.	a.	NOUN
ajfa-1243	440	4	(	(	PUNCT
ajfa-1243	440	5	1979	1979	NUM
ajfa-1243	440	6	)	)	PUNCT
ajfa-1243	440	7	.	.	PUNCT
ajfa-1243	441	1	the	the	DET
ajfa-1243	441	2	psychology	psychology	NOUN
ajfa-1243	441	3	of	of	ADP
ajfa-1243	441	4	group	group	NOUN
ajfa-1243	441	5	processes	process	NOUN
ajfa-1243	441	6	.	.	PUNCT
ajfa-1243	442	1	annual	annual	ADJ
ajfa-1243	442	2	review	review	NOUN
ajfa-1243	442	3	of	of	ADP
ajfa-1243	442	4	psychology	psychology	NOUN
ajfa-1243	442	5	,	,	PUNCT
ajfa-1243	442	6	30	30	NUM
ajfa-1243	442	7	,	,	PUNCT
ajfa-1243	442	8	417	417	NUM
ajfa-1243	442	9	-	-	SYM
ajfa-1243	442	10	451	451	NUM
ajfa-1243	442	11	.	.	PUNCT
ajfa-1243	442	12	http://dx.doi.org/10.1146/annurev.ps.30.020179.002221	http://dx.doi.org/10.1146/annurev.ps.30.020179.002221	PUNCT