id	sid	tid	token	lemma	pos
ajfa-12492	1	1	microsoft	microsoft	PROPN
ajfa-12492	1	2	word	word	NOUN
ajfa-12492	1	3	12492	12492	NUM
ajfa-12492	1	4	-	-	SYM
ajfa-12492	1	5	45849	45849	NUM
ajfa-12492	1	6	-	-	PUNCT
ajfa-12492	1	7	1	1	NUM
ajfa-12492	1	8	-	-	PUNCT
ajfa-12492	1	9	sm	sm	NOUN
ajfa-12492	1	10	-	-	PUNCT
ajfa-12492	1	11	writer2	writer2	VERB
ajfa-12492	1	12	-	-	ADJ
ajfa-12492	1	13	new	new	ADJ
ajfa-12492	1	14	asian	asian	ADJ
ajfa-12492	1	15	journal	journal	NOUN
ajfa-12492	1	16	of	of	ADP
ajfa-12492	1	17	finance	finance	PROPN
ajfa-12492	1	18	&	&	CCONJ
ajfa-12492	1	19	accounting	accounting	PROPN
ajfa-12492	1	20	issn	issn	PROPN
ajfa-12492	1	21	1946	1946	NUM
ajfa-12492	1	22	-	-	PUNCT
ajfa-12492	1	23	052x	052x	NOUN
ajfa-12492	1	24	2018	2018	NUM
ajfa-12492	1	25	,	,	PUNCT
ajfa-12492	1	26	vol	vol	NOUN
ajfa-12492	1	27	.	.	PROPN
ajfa-12492	1	28	10	10	NUM
ajfa-12492	1	29	,	,	PUNCT
ajfa-12492	1	30	no	no	INTJ
ajfa-12492	1	31	.	.	NOUN
ajfa-12492	1	32	1	1	NUM
ajfa-12492	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	1	34	1	1	NUM
ajfa-12492	1	35	influence	influence	NOUN
ajfa-12492	1	36	of	of	ADP
ajfa-12492	1	37	corporate	corporate	ADJ
ajfa-12492	1	38	transparency	transparency	NOUN
ajfa-12492	1	39	disclosures	disclosure	NOUN
ajfa-12492	1	40	on	on	ADP
ajfa-12492	1	41	financial	financial	ADJ
ajfa-12492	1	42	performance	performance	NOUN
ajfa-12492	1	43	of	of	ADP
ajfa-12492	1	44	listed	list	VERB
ajfa-12492	1	45	companies	company	NOUN
ajfa-12492	1	46	in	in	ADP
ajfa-12492	1	47	east	east	PROPN
ajfa-12492	1	48	africa	africa	PROPN
ajfa-12492	1	49	boniface	boniface	PROPN
ajfa-12492	1	50	muriithi	muriithi	PROPN
ajfa-12492	1	51	wanjau	wanjau	PROPN
ajfa-12492	1	52	(	(	PUNCT
ajfa-12492	1	53	corresponding	corresponding	ADJ
ajfa-12492	1	54	author	author	NOUN
ajfa-12492	1	55	)	)	PUNCT
ajfa-12492	1	56	department	department	NOUN
ajfa-12492	1	57	of	of	ADP
ajfa-12492	1	58	accounting	accounting	NOUN
ajfa-12492	1	59	,	,	PUNCT
ajfa-12492	1	60	finance	finance	NOUN
ajfa-12492	1	61	and	and	CCONJ
ajfa-12492	1	62	economics	economic	NOUN
ajfa-12492	1	63	,	,	PUNCT
ajfa-12492	1	64	school	school	NOUN
ajfa-12492	1	65	of	of	ADP
ajfa-12492	1	66	business	business	PROPN
ajfa-12492	1	67	jomo	jomo	PROPN
ajfa-12492	1	68	kenyatta	kenyatta	PROPN
ajfa-12492	1	69	university	university	PROPN
ajfa-12492	1	70	of	of	ADP
ajfa-12492	1	71	agriculture	agriculture	NOUN
ajfa-12492	1	72	and	and	CCONJ
ajfa-12492	1	73	technology	technology	NOUN
ajfa-12492	1	74	e	e	NOUN
ajfa-12492	1	75	-	-	NOUN
ajfa-12492	1	76	mail	mail	NOUN
ajfa-12492	1	77	:	:	PUNCT
ajfa-12492	2	1	bmwanjau@gmail.com	bmwanjau@gmail.com	X
ajfa-12492	2	2	willy	willy	PROPN
ajfa-12492	2	3	mwangi	mwangi	PROPN
ajfa-12492	2	4	muturi	muturi	PROPN
ajfa-12492	2	5	department	department	PROPN
ajfa-12492	2	6	of	of	ADP
ajfa-12492	2	7	accounting	accounting	PROPN
ajfa-12492	2	8	,	,	PUNCT
ajfa-12492	2	9	finance	finance	NOUN
ajfa-12492	2	10	and	and	CCONJ
ajfa-12492	2	11	economics	economic	NOUN
ajfa-12492	2	12	,	,	PUNCT
ajfa-12492	2	13	school	school	NOUN
ajfa-12492	2	14	of	of	ADP
ajfa-12492	2	15	business	business	PROPN
ajfa-12492	2	16	jomo	jomo	PROPN
ajfa-12492	2	17	kenyatta	kenyatta	PROPN
ajfa-12492	2	18	university	university	PROPN
ajfa-12492	2	19	of	of	ADP
ajfa-12492	2	20	agriculture	agriculture	PROPN
ajfa-12492	2	21	and	and	CCONJ
ajfa-12492	2	22	technology	technology	PROPN
ajfa-12492	2	23	patrick	patrick	PROPN
ajfa-12492	2	24	ngumi	ngumi	PROPN
ajfa-12492	2	25	department	department	PROPN
ajfa-12492	2	26	of	of	ADP
ajfa-12492	2	27	accounting	accounting	NOUN
ajfa-12492	2	28	,	,	PUNCT
ajfa-12492	2	29	finance	finance	NOUN
ajfa-12492	2	30	and	and	CCONJ
ajfa-12492	2	31	economics	economic	NOUN
ajfa-12492	2	32	,	,	PUNCT
ajfa-12492	2	33	school	school	NOUN
ajfa-12492	2	34	of	of	ADP
ajfa-12492	2	35	business	business	PROPN
ajfa-12492	2	36	jomo	jomo	PROPN
ajfa-12492	2	37	kenyatta	kenyatta	PROPN
ajfa-12492	2	38	university	university	PROPN
ajfa-12492	2	39	of	of	ADP
ajfa-12492	2	40	agriculture	agriculture	PROPN
ajfa-12492	2	41	and	and	CCONJ
ajfa-12492	2	42	technology	technology	NOUN
ajfa-12492	2	43	received	receive	VERB
ajfa-12492	2	44	:	:	PUNCT
ajfa-12492	2	45	jan	jan	PROPN
ajfa-12492	2	46	.	.	PROPN
ajfa-12492	2	47	17	17	NUM
ajfa-12492	2	48	,	,	PUNCT
ajfa-12492	2	49	2018	2018	NUM
ajfa-12492	2	50	accepted	accept	VERB
ajfa-12492	2	51	:	:	PUNCT
ajfa-12492	2	52	feb	feb	PROPN
ajfa-12492	2	53	.	.	PROPN
ajfa-12492	2	54	21	21	NUM
ajfa-12492	2	55	,	,	PUNCT
ajfa-12492	2	56	2018	2018	NUM
ajfa-12492	2	57	published	publish	VERB
ajfa-12492	2	58	:	:	PUNCT
ajfa-12492	2	59	june	june	PROPN
ajfa-12492	2	60	1	1	NUM
ajfa-12492	2	61	,	,	PUNCT
ajfa-12492	2	62	2018	2018	NUM
ajfa-12492	2	63	doi:10.5296	doi:10.5296	NOUN
ajfa-12492	2	64	/	/	SYM
ajfa-12492	2	65	ajfa.v10i1.12492	ajfa.v10i1.12492	PROPN
ajfa-12492	2	66	url	url	PROPN
ajfa-12492	2	67	:	:	PUNCT
ajfa-12492	2	68	https://doi.org/10.5296/ajfa.v10i1.12492	https://doi.org/10.5296/ajfa.v10i1.12492	X
ajfa-12492	2	69	abstract	abstract	ADJ
ajfa-12492	2	70	with	with	ADP
ajfa-12492	2	71	the	the	DET
ajfa-12492	2	72	decline	decline	NOUN
ajfa-12492	2	73	in	in	ADP
ajfa-12492	2	74	the	the	DET
ajfa-12492	2	75	financial	financial	ADJ
ajfa-12492	2	76	performance	performance	NOUN
ajfa-12492	2	77	of	of	ADP
ajfa-12492	2	78	listed	list	VERB
ajfa-12492	2	79	companies	company	NOUN
ajfa-12492	2	80	in	in	ADP
ajfa-12492	2	81	east	east	PROPN
ajfa-12492	2	82	africa	africa	PROPN
ajfa-12492	2	83	and	and	CCONJ
ajfa-12492	2	84	the	the	DET
ajfa-12492	2	85	rising	rise	VERB
ajfa-12492	2	86	trend	trend	NOUN
ajfa-12492	2	87	of	of	ADP
ajfa-12492	2	88	corporate	corporate	ADJ
ajfa-12492	2	89	failure	failure	NOUN
ajfa-12492	2	90	in	in	ADP
ajfa-12492	2	91	both	both	CCONJ
ajfa-12492	2	92	global	global	ADJ
ajfa-12492	2	93	and	and	CCONJ
ajfa-12492	2	94	local	local	ADJ
ajfa-12492	2	95	perspective	perspective	NOUN
ajfa-12492	2	96	.	.	PUNCT
ajfa-12492	3	1	stakeholders	stakeholder	NOUN
ajfa-12492	3	2	are	be	AUX
ajfa-12492	3	3	increasingly	increasingly	ADV
ajfa-12492	3	4	becoming	become	VERB
ajfa-12492	3	5	more	more	ADV
ajfa-12492	3	6	concerned	concerned	ADJ
ajfa-12492	3	7	of	of	ADP
ajfa-12492	3	8	the	the	DET
ajfa-12492	3	9	financial	financial	ADJ
ajfa-12492	3	10	performance	performance	NOUN
ajfa-12492	3	11	of	of	ADP
ajfa-12492	3	12	their	their	PRON
ajfa-12492	3	13	firms	firm	NOUN
ajfa-12492	3	14	.	.	PUNCT
ajfa-12492	4	1	this	this	DET
ajfa-12492	4	2	study	study	NOUN
ajfa-12492	4	3	aimed	aim	VERB
ajfa-12492	4	4	to	to	PART
ajfa-12492	4	5	find	find	VERB
ajfa-12492	4	6	out	out	ADP
ajfa-12492	4	7	whether	whether	SCONJ
ajfa-12492	4	8	corporate	corporate	ADJ
ajfa-12492	4	9	transparency	transparency	NOUN
ajfa-12492	4	10	disclosure	disclosure	NOUN
ajfa-12492	4	11	can	can	AUX
ajfa-12492	4	12	be	be	AUX
ajfa-12492	4	13	used	use	VERB
ajfa-12492	4	14	to	to	PART
ajfa-12492	4	15	address	address	VERB
ajfa-12492	4	16	the	the	DET
ajfa-12492	4	17	decline	decline	NOUN
ajfa-12492	4	18	in	in	ADP
ajfa-12492	4	19	financial	financial	ADJ
ajfa-12492	4	20	performance	performance	NOUN
ajfa-12492	4	21	and	and	CCONJ
ajfa-12492	4	22	corporate	corporate	ADJ
ajfa-12492	4	23	failures	failure	NOUN
ajfa-12492	4	24	.	.	PUNCT
ajfa-12492	5	1	therefore	therefore	ADV
ajfa-12492	5	2	,	,	PUNCT
ajfa-12492	5	3	the	the	DET
ajfa-12492	5	4	current	current	ADJ
ajfa-12492	5	5	study	study	NOUN
ajfa-12492	5	6	sought	seek	VERB
ajfa-12492	5	7	to	to	PART
ajfa-12492	5	8	examine	examine	VERB
ajfa-12492	5	9	the	the	DET
ajfa-12492	5	10	influence	influence	NOUN
ajfa-12492	5	11	of	of	ADP
ajfa-12492	5	12	corporate	corporate	ADJ
ajfa-12492	5	13	transparency	transparency	NOUN
ajfa-12492	5	14	disclosure	disclosure	NOUN
ajfa-12492	5	15	on	on	ADP
ajfa-12492	5	16	financial	financial	ADJ
ajfa-12492	5	17	performance	performance	NOUN
ajfa-12492	5	18	among	among	ADP
ajfa-12492	5	19	companies	company	NOUN
ajfa-12492	5	20	listed	list	VERB
ajfa-12492	5	21	in	in	ADP
ajfa-12492	5	22	east	east	PROPN
ajfa-12492	5	23	africa	africa	PROPN
ajfa-12492	5	24	.	.	PUNCT
ajfa-12492	6	1	specifically	specifically	ADV
ajfa-12492	6	2	,	,	PUNCT
ajfa-12492	6	3	the	the	DET
ajfa-12492	6	4	study	study	NOUN
ajfa-12492	6	5	sought	seek	VERB
ajfa-12492	6	6	to	to	PART
ajfa-12492	6	7	examine	examine	VERB
ajfa-12492	6	8	the	the	DET
ajfa-12492	6	9	influence	influence	NOUN
ajfa-12492	6	10	of	of	ADP
ajfa-12492	6	11	asian	asian	ADJ
ajfa-12492	6	12	journal	journal	NOUN
ajfa-12492	6	13	of	of	ADP
ajfa-12492	6	14	finance	finance	PROPN
ajfa-12492	6	15	&	&	CCONJ
ajfa-12492	6	16	accounting	accounting	PROPN
ajfa-12492	6	17	issn	issn	PROPN
ajfa-12492	6	18	1946	1946	NUM
ajfa-12492	6	19	-	-	PUNCT
ajfa-12492	6	20	052x	052x	NOUN
ajfa-12492	6	21	2018	2018	NUM
ajfa-12492	6	22	,	,	PUNCT
ajfa-12492	6	23	vol	vol	NOUN
ajfa-12492	6	24	.	.	PROPN
ajfa-12492	7	1	10	10	NUM
ajfa-12492	7	2	,	,	PUNCT
ajfa-12492	7	3	no	no	INTJ
ajfa-12492	7	4	.	.	NOUN
ajfa-12492	7	5	1	1	NUM
ajfa-12492	7	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	7	7	2	2	NUM
ajfa-12492	7	8	financial	financial	ADJ
ajfa-12492	7	9	transparency	transparency	NOUN
ajfa-12492	7	10	,	,	PUNCT
ajfa-12492	7	11	risk	risk	NOUN
ajfa-12492	7	12	transparency	transparency	NOUN
ajfa-12492	7	13	,	,	PUNCT
ajfa-12492	7	14	social	social	ADJ
ajfa-12492	7	15	transparency	transparency	NOUN
ajfa-12492	7	16	and	and	CCONJ
ajfa-12492	7	17	governance	governance	NOUN
ajfa-12492	7	18	transparency	transparency	NOUN
ajfa-12492	7	19	on	on	ADP
ajfa-12492	7	20	financial	financial	ADJ
ajfa-12492	7	21	performance	performance	NOUN
ajfa-12492	7	22	of	of	ADP
ajfa-12492	7	23	companies	company	NOUN
ajfa-12492	7	24	listed	list	VERB
ajfa-12492	7	25	in	in	ADP
ajfa-12492	7	26	east	east	PROPN
ajfa-12492	7	27	africa	africa	PROPN
ajfa-12492	7	28	.	.	PUNCT
ajfa-12492	8	1	the	the	DET
ajfa-12492	8	2	study	study	NOUN
ajfa-12492	8	3	adopted	adopt	VERB
ajfa-12492	8	4	both	both	CCONJ
ajfa-12492	8	5	descriptive	descriptive	ADJ
ajfa-12492	8	6	and	and	CCONJ
ajfa-12492	8	7	correlation	correlation	NOUN
ajfa-12492	8	8	design	design	NOUN
ajfa-12492	8	9	.	.	PUNCT
ajfa-12492	9	1	purposive	purposive	ADJ
ajfa-12492	9	2	sampling	sampling	NOUN
ajfa-12492	9	3	was	be	AUX
ajfa-12492	9	4	used	use	VERB
ajfa-12492	9	5	to	to	PART
ajfa-12492	9	6	select	select	VERB
ajfa-12492	9	7	the	the	DET
ajfa-12492	9	8	65	65	NUM
ajfa-12492	9	9	listed	list	VERB
ajfa-12492	9	10	companies	company	NOUN
ajfa-12492	9	11	in	in	ADP
ajfa-12492	9	12	nairobi	nairobi	PROPN
ajfa-12492	9	13	securities	securities	PROPN
ajfa-12492	9	14	exchange	exchange	PROPN
ajfa-12492	9	15	in	in	ADP
ajfa-12492	9	16	kenya	kenya	PROPN
ajfa-12492	9	17	,	,	PUNCT
ajfa-12492	9	18	16	16	NUM
ajfa-12492	9	19	companies	company	NOUN
ajfa-12492	9	20	quoted	quote	VERB
ajfa-12492	9	21	in	in	ADP
ajfa-12492	9	22	uganda	uganda	PROPN
ajfa-12492	9	23	securities	securities	PROPN
ajfa-12492	9	24	exchange	exchange	NOUN
ajfa-12492	9	25	,	,	PUNCT
ajfa-12492	9	26	7	7	NUM
ajfa-12492	9	27	companies	company	NOUN
ajfa-12492	9	28	which	which	PRON
ajfa-12492	9	29	are	be	AUX
ajfa-12492	9	30	quoted	quote	VERB
ajfa-12492	9	31	in	in	ADP
ajfa-12492	9	32	rwanda	rwanda	PROPN
ajfa-12492	9	33	securities	security	NOUN
ajfa-12492	9	34	exchange	exchange	NOUN
ajfa-12492	9	35	as	as	ADV
ajfa-12492	9	36	well	well	ADV
ajfa-12492	9	37	as	as	ADP
ajfa-12492	9	38	24	24	NUM
ajfa-12492	9	39	companies	company	NOUN
ajfa-12492	9	40	listed	list	VERB
ajfa-12492	9	41	in	in	ADP
ajfa-12492	9	42	daresalaam	daresalaam	NOUN
ajfa-12492	9	43	securities	securities	PROPN
ajfa-12492	9	44	exchange	exchange	NOUN
ajfa-12492	9	45	from	from	ADP
ajfa-12492	9	46	2006	2006	NUM
ajfa-12492	9	47	to	to	ADP
ajfa-12492	9	48	2015	2015	NUM
ajfa-12492	9	49	.	.	PUNCT
ajfa-12492	10	1	secondary	secondary	ADJ
ajfa-12492	10	2	data	datum	NOUN
ajfa-12492	10	3	was	be	AUX
ajfa-12492	10	4	collected	collect	VERB
ajfa-12492	10	5	through	through	ADP
ajfa-12492	10	6	the	the	DET
ajfa-12492	10	7	use	use	NOUN
ajfa-12492	10	8	of	of	ADP
ajfa-12492	10	9	document	document	NOUN
ajfa-12492	10	10	check	check	NOUN
ajfa-12492	10	11	index	index	NOUN
ajfa-12492	10	12	retrieved	retrieve	VERB
ajfa-12492	10	13	from	from	ADP
ajfa-12492	10	14	annual	annual	ADJ
ajfa-12492	10	15	audited	audit	VERB
ajfa-12492	10	16	financial	financial	ADJ
ajfa-12492	10	17	statements	statement	NOUN
ajfa-12492	10	18	.	.	PUNCT
ajfa-12492	11	1	regression	regression	VERB
ajfa-12492	11	2	diagnostic	diagnostic	ADJ
ajfa-12492	11	3	and	and	CCONJ
ajfa-12492	11	4	panel	panel	NOUN
ajfa-12492	11	5	data	datum	NOUN
ajfa-12492	11	6	diagnostic	diagnostic	ADJ
ajfa-12492	11	7	tests	test	NOUN
ajfa-12492	11	8	were	be	AUX
ajfa-12492	11	9	carried	carry	VERB
ajfa-12492	11	10	out	out	ADP
ajfa-12492	11	11	.	.	PUNCT
ajfa-12492	12	1	results	result	NOUN
ajfa-12492	12	2	of	of	ADP
ajfa-12492	12	3	the	the	DET
ajfa-12492	12	4	study	study	NOUN
ajfa-12492	12	5	revealed	reveal	VERB
ajfa-12492	12	6	that	that	SCONJ
ajfa-12492	12	7	there	there	PRON
ajfa-12492	12	8	was	be	VERB
ajfa-12492	12	9	a	a	DET
ajfa-12492	12	10	positive	positive	ADJ
ajfa-12492	12	11	and	and	CCONJ
ajfa-12492	12	12	significant	significant	ADJ
ajfa-12492	12	13	relationship	relationship	NOUN
ajfa-12492	12	14	between	between	ADP
ajfa-12492	12	15	financial	financial	ADJ
ajfa-12492	12	16	,	,	PUNCT
ajfa-12492	12	17	governance	governance	NOUN
ajfa-12492	12	18	,	,	PUNCT
ajfa-12492	12	19	risk	risk	NOUN
ajfa-12492	12	20	,	,	PUNCT
ajfa-12492	12	21	social	social	ADJ
ajfa-12492	12	22	transparency	transparency	NOUN
ajfa-12492	12	23	and	and	CCONJ
ajfa-12492	12	24	financial	financial	ADJ
ajfa-12492	12	25	performance	performance	NOUN
ajfa-12492	12	26	of	of	ADP
ajfa-12492	12	27	listed	list	VERB
ajfa-12492	12	28	companies	company	NOUN
ajfa-12492	12	29	in	in	ADP
ajfa-12492	12	30	east	east	PROPN
ajfa-12492	12	31	africa	africa	PROPN
ajfa-12492	12	32	.	.	PUNCT
ajfa-12492	13	1	keywords	keyword	NOUN
ajfa-12492	13	2	:	:	PUNCT
ajfa-12492	13	3	financial	financial	ADJ
ajfa-12492	13	4	transparency	transparency	NOUN
ajfa-12492	13	5	,	,	PUNCT
ajfa-12492	13	6	social	social	ADJ
ajfa-12492	13	7	transparency	transparency	NOUN
ajfa-12492	13	8	,	,	PUNCT
ajfa-12492	13	9	risk	risk	NOUN
ajfa-12492	13	10	transparency	transparency	NOUN
ajfa-12492	13	11	,	,	PUNCT
ajfa-12492	13	12	governance	governance	NOUN
ajfa-12492	13	13	transparency	transparency	NOUN
ajfa-12492	13	14	and	and	CCONJ
ajfa-12492	13	15	financial	financial	ADJ
ajfa-12492	13	16	performance	performance	NOUN
ajfa-12492	13	17	asian	asian	ADJ
ajfa-12492	13	18	journal	journal	NOUN
ajfa-12492	13	19	of	of	ADP
ajfa-12492	13	20	finance	finance	PROPN
ajfa-12492	13	21	&	&	CCONJ
ajfa-12492	13	22	accounting	accounting	PROPN
ajfa-12492	13	23	issn	issn	PROPN
ajfa-12492	13	24	1946	1946	NUM
ajfa-12492	13	25	-	-	PUNCT
ajfa-12492	13	26	052x	052x	NOUN
ajfa-12492	13	27	2018	2018	NUM
ajfa-12492	13	28	,	,	PUNCT
ajfa-12492	13	29	vol	vol	NOUN
ajfa-12492	13	30	.	.	PROPN
ajfa-12492	14	1	10	10	NUM
ajfa-12492	14	2	,	,	PUNCT
ajfa-12492	14	3	no	no	INTJ
ajfa-12492	14	4	.	.	NOUN
ajfa-12492	14	5	1	1	NUM
ajfa-12492	14	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	14	7	3	3	NUM
ajfa-12492	14	8	1	1	NUM
ajfa-12492	14	9	.	.	PUNCT
ajfa-12492	15	1	introduction	introduction	NOUN
ajfa-12492	15	2	transparency	transparency	NOUN
ajfa-12492	15	3	and	and	CCONJ
ajfa-12492	15	4	disclosure	disclosure	NOUN
ajfa-12492	15	5	are	be	AUX
ajfa-12492	15	6	essential	essential	ADJ
ajfa-12492	15	7	components	component	NOUN
ajfa-12492	15	8	of	of	ADP
ajfa-12492	15	9	a	a	DET
ajfa-12492	15	10	robust	robust	ADJ
ajfa-12492	15	11	corporate	corporate	ADJ
ajfa-12492	15	12	governance	governance	NOUN
ajfa-12492	15	13	framework	framework	NOUN
ajfa-12492	15	14	as	as	SCONJ
ajfa-12492	15	15	they	they	PRON
ajfa-12492	15	16	provide	provide	VERB
ajfa-12492	15	17	the	the	DET
ajfa-12492	15	18	base	base	NOUN
ajfa-12492	15	19	for	for	ADP
ajfa-12492	15	20	informed	informed	ADJ
ajfa-12492	15	21	decision	decision	NOUN
ajfa-12492	15	22	making	making	NOUN
ajfa-12492	15	23	by	by	ADP
ajfa-12492	15	24	shareholders	shareholder	NOUN
ajfa-12492	15	25	,	,	PUNCT
ajfa-12492	15	26	stakeholders	stakeholder	NOUN
ajfa-12492	15	27	and	and	CCONJ
ajfa-12492	15	28	potential	potential	ADJ
ajfa-12492	15	29	investors	investor	NOUN
ajfa-12492	15	30	in	in	ADP
ajfa-12492	15	31	relation	relation	NOUN
ajfa-12492	15	32	to	to	ADP
ajfa-12492	15	33	capital	capital	NOUN
ajfa-12492	15	34	allocation	allocation	NOUN
ajfa-12492	15	35	,	,	PUNCT
ajfa-12492	15	36	corporate	corporate	ADJ
ajfa-12492	15	37	transactions	transaction	NOUN
ajfa-12492	15	38	and	and	CCONJ
ajfa-12492	15	39	financial	financial	ADJ
ajfa-12492	15	40	performance	performance	NOUN
ajfa-12492	15	41	monitoring	monitoring	NOUN
ajfa-12492	15	42	.	.	PUNCT
ajfa-12492	16	1	the	the	DET
ajfa-12492	16	2	importance	importance	NOUN
ajfa-12492	16	3	of	of	ADP
ajfa-12492	16	4	transparency	transparency	NOUN
ajfa-12492	16	5	has	have	AUX
ajfa-12492	16	6	been	be	AUX
ajfa-12492	16	7	widely	widely	ADV
ajfa-12492	16	8	recognized	recognize	VERB
ajfa-12492	16	9	by	by	ADP
ajfa-12492	16	10	both	both	DET
ajfa-12492	16	11	academics	academic	NOUN
ajfa-12492	16	12	and	and	CCONJ
ajfa-12492	16	13	market	market	NOUN
ajfa-12492	16	14	regulators	regulator	NOUN
ajfa-12492	16	15	,	,	PUNCT
ajfa-12492	16	16	resulting	result	VERB
ajfa-12492	16	17	in	in	ADP
ajfa-12492	16	18	numerous	numerous	ADJ
ajfa-12492	16	19	rules	rule	NOUN
ajfa-12492	16	20	and	and	CCONJ
ajfa-12492	16	21	regulations	regulation	NOUN
ajfa-12492	16	22	being	be	AUX
ajfa-12492	16	23	introduced	introduce	VERB
ajfa-12492	16	24	over	over	ADP
ajfa-12492	16	25	time	time	NOUN
ajfa-12492	16	26	to	to	PART
ajfa-12492	16	27	ensure	ensure	VERB
ajfa-12492	16	28	timely	timely	ADJ
ajfa-12492	16	29	and	and	CCONJ
ajfa-12492	16	30	reliable	reliable	ADJ
ajfa-12492	16	31	disclosure	disclosure	NOUN
ajfa-12492	16	32	of	of	ADP
ajfa-12492	16	33	financial	financial	ADJ
ajfa-12492	16	34	information	information	NOUN
ajfa-12492	16	35	,	,	PUNCT
ajfa-12492	16	36	creating	create	VERB
ajfa-12492	16	37	standards	standard	NOUN
ajfa-12492	16	38	to	to	PART
ajfa-12492	16	39	which	which	PRON
ajfa-12492	16	40	companies	company	NOUN
ajfa-12492	16	41	must	must	AUX
ajfa-12492	16	42	adhere	adhere	VERB
ajfa-12492	16	43	.	.	PUNCT
ajfa-12492	17	1	today	today	NOUN
ajfa-12492	17	2	,	,	PUNCT
ajfa-12492	17	3	transparency	transparency	NOUN
ajfa-12492	17	4	is	be	AUX
ajfa-12492	17	5	taking	take	VERB
ajfa-12492	17	6	on	on	ADP
ajfa-12492	17	7	a	a	DET
ajfa-12492	17	8	new	new	ADJ
ajfa-12492	17	9	meaning	meaning	NOUN
ajfa-12492	17	10	of	of	ADP
ajfa-12492	17	11	more	more	ADV
ajfa-12492	17	12	comprehensive	comprehensive	ADJ
ajfa-12492	17	13	and	and	CCONJ
ajfa-12492	17	14	proactive	proactive	ADJ
ajfa-12492	17	15	disclosures	disclosure	NOUN
ajfa-12492	17	16	instead	instead	ADV
ajfa-12492	17	17	of	of	ADP
ajfa-12492	17	18	the	the	DET
ajfa-12492	17	19	release	release	NOUN
ajfa-12492	17	20	of	of	ADP
ajfa-12492	17	21	corporate	corporate	ADJ
ajfa-12492	17	22	governance	governance	NOUN
ajfa-12492	17	23	details	detail	NOUN
ajfa-12492	17	24	or	or	CCONJ
ajfa-12492	17	25	policies	policy	NOUN
ajfa-12492	17	26	in	in	ADP
ajfa-12492	17	27	a	a	DET
ajfa-12492	17	28	reactive	reactive	ADJ
ajfa-12492	17	29	fashion	fashion	NOUN
ajfa-12492	17	30	.	.	PUNCT
ajfa-12492	18	1	the	the	DET
ajfa-12492	18	2	new	new	ADJ
ajfa-12492	18	3	concept	concept	NOUN
ajfa-12492	18	4	of	of	ADP
ajfa-12492	18	5	transparency	transparency	NOUN
ajfa-12492	18	6	putting	put	VERB
ajfa-12492	18	7	more	more	ADJ
ajfa-12492	18	8	responsibilities	responsibility	NOUN
ajfa-12492	18	9	in	in	ADP
ajfa-12492	18	10	corporation	corporation	NOUN
ajfa-12492	18	11	not	not	PART
ajfa-12492	18	12	only	only	ADV
ajfa-12492	18	13	let	let	VERB
ajfa-12492	18	14	the	the	DET
ajfa-12492	18	15	truth	truth	NOUN
ajfa-12492	18	16	be	be	AUX
ajfa-12492	18	17	available	available	ADJ
ajfa-12492	18	18	to	to	ADP
ajfa-12492	18	19	the	the	DET
ajfa-12492	18	20	public	public	NOUN
ajfa-12492	18	21	but	but	CCONJ
ajfa-12492	18	22	imposes	impose	VERB
ajfa-12492	18	23	to	to	PART
ajfa-12492	18	24	disclose	disclose	VERB
ajfa-12492	18	25	it	it	PRON
ajfa-12492	18	26	to	to	ADP
ajfa-12492	18	27	every	every	DET
ajfa-12492	18	28	stakeholder	stakeholder	NOUN
ajfa-12492	18	29	and	and	CCONJ
ajfa-12492	18	30	different	different	ADJ
ajfa-12492	18	31	stakeholder	stakeholder	NOUN
ajfa-12492	18	32	groups	group	NOUN
ajfa-12492	18	33	(	(	PUNCT
ajfa-12492	18	34	fung	fung	PROPN
ajfa-12492	18	35	,	,	PUNCT
ajfa-12492	18	36	2014	2014	NUM
ajfa-12492	18	37	)	)	PUNCT
ajfa-12492	18	38	.	.	PUNCT
ajfa-12492	19	1	scholars	scholar	NOUN
ajfa-12492	19	2	of	of	ADP
ajfa-12492	19	3	corporate	corporate	ADJ
ajfa-12492	19	4	governance	governance	NOUN
ajfa-12492	19	5	give	give	VERB
ajfa-12492	19	6	different	different	ADJ
ajfa-12492	19	7	definitions	definition	NOUN
ajfa-12492	19	8	as	as	ADP
ajfa-12492	19	9	legal	legal	ADJ
ajfa-12492	19	10	systems	system	NOUN
ajfa-12492	19	11	,	,	PUNCT
ajfa-12492	19	12	rules	rule	NOUN
ajfa-12492	19	13	and	and	CCONJ
ajfa-12492	19	14	historical	historical	ADJ
ajfa-12492	19	15	development	development	NOUN
ajfa-12492	19	16	of	of	ADP
ajfa-12492	19	17	different	different	ADJ
ajfa-12492	19	18	countries	country	NOUN
ajfa-12492	19	19	are	be	AUX
ajfa-12492	19	20	also	also	ADV
ajfa-12492	19	21	varied	varied	ADJ
ajfa-12492	19	22	.	.	PUNCT
ajfa-12492	20	1	corporate	corporate	ADJ
ajfa-12492	20	2	governance	governance	NOUN
ajfa-12492	20	3	is	be	AUX
ajfa-12492	20	4	defined	define	VERB
ajfa-12492	20	5	as	as	ADP
ajfa-12492	20	6	the	the	DET
ajfa-12492	20	7	system	system	NOUN
ajfa-12492	20	8	by	by	ADP
ajfa-12492	20	9	which	which	PRON
ajfa-12492	20	10	business	business	NOUN
ajfa-12492	20	11	corporations	corporation	NOUN
ajfa-12492	20	12	are	be	AUX
ajfa-12492	20	13	directed	direct	VERB
ajfa-12492	20	14	and	and	CCONJ
ajfa-12492	20	15	controlled	control	VERB
ajfa-12492	20	16	(	(	PUNCT
ajfa-12492	20	17	cadbury	cadbury	NOUN
ajfa-12492	20	18	,	,	PUNCT
ajfa-12492	20	19	1992	1992	NUM
ajfa-12492	20	20	)	)	PUNCT
ajfa-12492	20	21	.	.	PUNCT
ajfa-12492	21	1	ruin	ruin	NOUN
ajfa-12492	21	2	(	(	PUNCT
ajfa-12492	21	3	2001	2001	NUM
ajfa-12492	21	4	)	)	PUNCT
ajfa-12492	21	5	defines	define	VERB
ajfa-12492	21	6	corporate	corporate	ADJ
ajfa-12492	21	7	governance	governance	NOUN
ajfa-12492	21	8	as	as	ADP
ajfa-12492	21	9	a	a	DET
ajfa-12492	21	10	collective	collective	ADJ
ajfa-12492	21	11	group	group	NOUN
ajfa-12492	21	12	of	of	ADP
ajfa-12492	21	13	people	people	NOUN
ajfa-12492	21	14	united	unite	VERB
ajfa-12492	21	15	as	as	ADP
ajfa-12492	21	16	one	one	NUM
ajfa-12492	21	17	body	body	NOUN
ajfa-12492	21	18	with	with	ADP
ajfa-12492	21	19	power	power	NOUN
ajfa-12492	21	20	and	and	CCONJ
ajfa-12492	21	21	authority	authority	NOUN
ajfa-12492	21	22	to	to	PART
ajfa-12492	21	23	direct	direct	VERB
ajfa-12492	21	24	,	,	PUNCT
ajfa-12492	21	25	control	control	NOUN
ajfa-12492	21	26	and	and	CCONJ
ajfa-12492	21	27	rule	rule	VERB
ajfa-12492	21	28	an	an	DET
ajfa-12492	21	29	organization	organization	NOUN
ajfa-12492	21	30	.	.	PUNCT
ajfa-12492	22	1	in	in	ADP
ajfa-12492	22	2	this	this	DET
ajfa-12492	22	3	definition	definition	NOUN
ajfa-12492	22	4	,	,	PUNCT
ajfa-12492	22	5	group	group	NOUN
ajfa-12492	22	6	of	of	ADP
ajfa-12492	22	7	people	people	NOUN
ajfa-12492	22	8	may	may	AUX
ajfa-12492	22	9	mean	mean	VERB
ajfa-12492	22	10	all	all	DET
ajfa-12492	22	11	stakeholders	stakeholder	NOUN
ajfa-12492	22	12	of	of	ADP
ajfa-12492	22	13	company	company	NOUN
ajfa-12492	22	14	.	.	PUNCT
ajfa-12492	23	1	craig	craig	PROPN
ajfa-12492	23	2	(	(	PUNCT
ajfa-12492	23	3	2005	2005	NUM
ajfa-12492	23	4	)	)	PUNCT
ajfa-12492	23	5	stated	state	VERB
ajfa-12492	23	6	that	that	SCONJ
ajfa-12492	23	7	corporate	corporate	ADJ
ajfa-12492	23	8	governance	governance	NOUN
ajfa-12492	23	9	is	be	AUX
ajfa-12492	23	10	defined	define	VERB
ajfa-12492	23	11	and	and	CCONJ
ajfa-12492	23	12	practiced	practice	VERB
ajfa-12492	23	13	in	in	ADP
ajfa-12492	23	14	different	different	ADJ
ajfa-12492	23	15	ways	way	NOUN
ajfa-12492	23	16	globally	globally	ADV
ajfa-12492	23	17	depending	depend	VERB
ajfa-12492	23	18	upon	upon	SCONJ
ajfa-12492	23	19	the	the	DET
ajfa-12492	23	20	relative	relative	ADJ
ajfa-12492	23	21	power	power	NOUN
ajfa-12492	23	22	of	of	ADP
ajfa-12492	23	23	owners	owner	NOUN
ajfa-12492	23	24	,	,	PUNCT
ajfa-12492	23	25	managers	manager	NOUN
ajfa-12492	23	26	and	and	CCONJ
ajfa-12492	23	27	provider	provider	NOUN
ajfa-12492	23	28	of	of	ADP
ajfa-12492	23	29	capital	capital	NOUN
ajfa-12492	23	30	.	.	PUNCT
ajfa-12492	24	1	it	it	PRON
ajfa-12492	24	2	entails	entail	VERB
ajfa-12492	24	3	the	the	DET
ajfa-12492	24	4	procedures	procedure	NOUN
ajfa-12492	24	5	,	,	PUNCT
ajfa-12492	24	6	customs	custom	NOUN
ajfa-12492	24	7	,	,	PUNCT
ajfa-12492	24	8	laws	law	NOUN
ajfa-12492	24	9	and	and	CCONJ
ajfa-12492	24	10	policies	policy	NOUN
ajfa-12492	24	11	that	that	PRON
ajfa-12492	24	12	affect	affect	VERB
ajfa-12492	24	13	the	the	DET
ajfa-12492	24	14	way	way	NOUN
ajfa-12492	24	15	corporations	corporation	NOUN
ajfa-12492	24	16	are	be	AUX
ajfa-12492	24	17	directed	direct	VERB
ajfa-12492	24	18	,	,	PUNCT
ajfa-12492	24	19	administered	administer	VERB
ajfa-12492	24	20	or	or	CCONJ
ajfa-12492	24	21	controlled	control	VERB
ajfa-12492	24	22	.	.	PUNCT
ajfa-12492	25	1	an	an	DET
ajfa-12492	25	2	important	important	ADJ
ajfa-12492	25	3	objective	objective	NOUN
ajfa-12492	25	4	of	of	ADP
ajfa-12492	25	5	corporate	corporate	ADJ
ajfa-12492	25	6	governance	governance	NOUN
ajfa-12492	25	7	is	be	AUX
ajfa-12492	25	8	to	to	PART
ajfa-12492	25	9	ensure	ensure	VERB
ajfa-12492	25	10	accountability	accountability	NOUN
ajfa-12492	25	11	and	and	CCONJ
ajfa-12492	25	12	transparency	transparency	NOUN
ajfa-12492	25	13	for	for	ADP
ajfa-12492	25	14	those	those	PRON
ajfa-12492	25	15	who	who	PRON
ajfa-12492	25	16	are	be	AUX
ajfa-12492	25	17	involved	involve	VERB
ajfa-12492	25	18	in	in	ADP
ajfa-12492	25	19	the	the	DET
ajfa-12492	25	20	policy	policy	NOUN
ajfa-12492	25	21	implementation	implementation	NOUN
ajfa-12492	25	22	of	of	ADP
ajfa-12492	25	23	organizations	organization	NOUN
ajfa-12492	25	24	through	through	ADP
ajfa-12492	25	25	mechanisms	mechanism	NOUN
ajfa-12492	25	26	that	that	PRON
ajfa-12492	25	27	will	will	AUX
ajfa-12492	25	28	reduce	reduce	VERB
ajfa-12492	25	29	principal	principal	ADJ
ajfa-12492	25	30	agent	agent	NOUN
ajfa-12492	25	31	conflict	conflict	NOUN
ajfa-12492	25	32	.	.	PUNCT
ajfa-12492	26	1	corporate	corporate	ADJ
ajfa-12492	26	2	governance	governance	NOUN
ajfa-12492	26	3	is	be	AUX
ajfa-12492	26	4	the	the	DET
ajfa-12492	26	5	system	system	NOUN
ajfa-12492	26	6	by	by	ADP
ajfa-12492	26	7	which	which	PRON
ajfa-12492	26	8	companies	company	NOUN
ajfa-12492	26	9	are	be	AUX
ajfa-12492	26	10	directed	direct	VERB
ajfa-12492	26	11	and	and	CCONJ
ajfa-12492	26	12	controlled	control	VERB
ajfa-12492	26	13	.	.	PUNCT
ajfa-12492	27	1	it	it	PRON
ajfa-12492	27	2	specifies	specify	VERB
ajfa-12492	27	3	the	the	DET
ajfa-12492	27	4	distribution	distribution	NOUN
ajfa-12492	27	5	of	of	ADP
ajfa-12492	27	6	rights	right	NOUN
ajfa-12492	27	7	and	and	CCONJ
ajfa-12492	27	8	responsibilities	responsibility	NOUN
ajfa-12492	27	9	among	among	ADP
ajfa-12492	27	10	different	different	ADJ
ajfa-12492	27	11	participants	participant	NOUN
ajfa-12492	27	12	in	in	ADP
ajfa-12492	27	13	the	the	DET
ajfa-12492	27	14	corporation	corporation	NOUN
ajfa-12492	27	15	,	,	PUNCT
ajfa-12492	27	16	such	such	ADJ
ajfa-12492	27	17	as	as	ADP
ajfa-12492	27	18	the	the	DET
ajfa-12492	27	19	board	board	NOUN
ajfa-12492	27	20	,	,	PUNCT
ajfa-12492	27	21	managers	manager	NOUN
ajfa-12492	27	22	,	,	PUNCT
ajfa-12492	27	23	shareholders	shareholder	NOUN
ajfa-12492	27	24	and	and	CCONJ
ajfa-12492	27	25	other	other	ADJ
ajfa-12492	27	26	stakeholders	stakeholder	NOUN
ajfa-12492	27	27	,	,	PUNCT
ajfa-12492	27	28	and	and	CCONJ
ajfa-12492	27	29	spells	spell	VERB
ajfa-12492	27	30	out	out	ADP
ajfa-12492	27	31	the	the	DET
ajfa-12492	27	32	rules	rule	NOUN
ajfa-12492	27	33	and	and	CCONJ
ajfa-12492	27	34	procedures	procedure	NOUN
ajfa-12492	27	35	for	for	ADP
ajfa-12492	27	36	making	make	VERB
ajfa-12492	27	37	decisions	decision	NOUN
ajfa-12492	27	38	on	on	ADP
ajfa-12492	27	39	corporate	corporate	ADJ
ajfa-12492	27	40	affairs	affair	NOUN
ajfa-12492	27	41	.	.	PUNCT
ajfa-12492	28	1	it	it	PRON
ajfa-12492	28	2	also	also	ADV
ajfa-12492	28	3	provides	provide	VERB
ajfa-12492	28	4	the	the	DET
ajfa-12492	28	5	structure	structure	NOUN
ajfa-12492	28	6	through	through	ADP
ajfa-12492	28	7	which	which	PRON
ajfa-12492	28	8	company	company	NOUN
ajfa-12492	28	9	objectives	objective	NOUN
ajfa-12492	28	10	are	be	AUX
ajfa-12492	28	11	set	set	VERB
ajfa-12492	28	12	and	and	CCONJ
ajfa-12492	28	13	monitoring	monitor	VERB
ajfa-12492	28	14	performance	performance	NOUN
ajfa-12492	28	15	attained	attain	VERB
ajfa-12492	28	16	(	(	PUNCT
ajfa-12492	28	17	oecd	oecd	PROPN
ajfa-12492	28	18	,	,	PUNCT
ajfa-12492	28	19	1999	1999	NUM
ajfa-12492	28	20	)	)	PUNCT
ajfa-12492	28	21	.	.	PUNCT
ajfa-12492	29	1	the	the	DET
ajfa-12492	29	2	importance	importance	NOUN
ajfa-12492	29	3	of	of	ADP
ajfa-12492	29	4	transparency	transparency	NOUN
ajfa-12492	29	5	has	have	AUX
ajfa-12492	29	6	been	be	AUX
ajfa-12492	29	7	widely	widely	ADV
ajfa-12492	29	8	recognized	recognize	VERB
ajfa-12492	29	9	by	by	ADP
ajfa-12492	29	10	both	both	DET
ajfa-12492	29	11	academics	academic	NOUN
ajfa-12492	29	12	and	and	CCONJ
ajfa-12492	29	13	market	market	NOUN
ajfa-12492	29	14	regulators	regulator	NOUN
ajfa-12492	29	15	,	,	PUNCT
ajfa-12492	29	16	resulting	result	VERB
ajfa-12492	29	17	in	in	ADP
ajfa-12492	29	18	numerous	numerous	ADJ
ajfa-12492	29	19	rules	rule	NOUN
ajfa-12492	29	20	and	and	CCONJ
ajfa-12492	29	21	regulations	regulation	NOUN
ajfa-12492	29	22	being	be	AUX
ajfa-12492	29	23	introduced	introduce	VERB
ajfa-12492	29	24	over	over	ADP
ajfa-12492	29	25	time	time	NOUN
ajfa-12492	29	26	to	to	PART
ajfa-12492	29	27	ensure	ensure	VERB
ajfa-12492	29	28	timely	timely	ADJ
ajfa-12492	29	29	and	and	CCONJ
ajfa-12492	29	30	reliable	reliable	ADJ
ajfa-12492	29	31	disclosure	disclosure	NOUN
ajfa-12492	29	32	of	of	ADP
ajfa-12492	29	33	financial	financial	ADJ
ajfa-12492	29	34	information	information	NOUN
ajfa-12492	29	35	and	and	CCONJ
ajfa-12492	29	36	creating	create	VERB
ajfa-12492	29	37	standards	standard	NOUN
ajfa-12492	29	38	to	to	PART
ajfa-12492	29	39	which	which	PRON
ajfa-12492	29	40	companies	company	NOUN
ajfa-12492	29	41	must	must	AUX
ajfa-12492	29	42	adhere	adhere	VERB
ajfa-12492	29	43	.	.	PUNCT
ajfa-12492	30	1	transparency	transparency	NOUN
ajfa-12492	30	2	is	be	AUX
ajfa-12492	30	3	taking	take	VERB
ajfa-12492	30	4	on	on	ADP
ajfa-12492	30	5	a	a	DET
ajfa-12492	30	6	new	new	ADJ
ajfa-12492	30	7	meaning	meaning	NOUN
ajfa-12492	30	8	of	of	ADP
ajfa-12492	30	9	more	more	ADV
ajfa-12492	30	10	comprehensive	comprehensive	ADJ
ajfa-12492	30	11	and	and	CCONJ
ajfa-12492	30	12	proactive	proactive	ADJ
ajfa-12492	30	13	disclosures	disclosure	NOUN
ajfa-12492	30	14	instead	instead	ADV
ajfa-12492	30	15	of	of	ADP
ajfa-12492	30	16	the	the	DET
ajfa-12492	30	17	release	release	NOUN
ajfa-12492	30	18	of	of	ADP
ajfa-12492	30	19	corporate	corporate	ADJ
ajfa-12492	30	20	governance	governance	NOUN
ajfa-12492	30	21	details	detail	NOUN
ajfa-12492	30	22	or	or	CCONJ
ajfa-12492	30	23	policies	policy	NOUN
ajfa-12492	30	24	in	in	ADP
ajfa-12492	30	25	a	a	DET
ajfa-12492	30	26	reactive	reactive	ADJ
ajfa-12492	30	27	fashion	fashion	NOUN
ajfa-12492	30	28	.	.	PUNCT
ajfa-12492	31	1	the	the	DET
ajfa-12492	31	2	new	new	ADJ
ajfa-12492	31	3	concept	concept	NOUN
ajfa-12492	31	4	of	of	ADP
ajfa-12492	31	5	transparency	transparency	NOUN
ajfa-12492	31	6	is	be	AUX
ajfa-12492	31	7	putting	put	VERB
ajfa-12492	31	8	more	more	ADJ
ajfa-12492	31	9	responsibilities	responsibility	NOUN
ajfa-12492	31	10	on	on	ADP
ajfa-12492	31	11	the	the	DET
ajfa-12492	31	12	corporation	corporation	NOUN
ajfa-12492	31	13	not	not	PART
ajfa-12492	31	14	only	only	ADV
ajfa-12492	31	15	let	let	VERB
ajfa-12492	31	16	the	the	DET
ajfa-12492	31	17	truth	truth	NOUN
ajfa-12492	31	18	be	be	AUX
ajfa-12492	31	19	available	available	ADJ
ajfa-12492	31	20	to	to	ADP
ajfa-12492	31	21	the	the	DET
ajfa-12492	31	22	public	public	NOUN
ajfa-12492	31	23	but	but	CCONJ
ajfa-12492	31	24	imposes	impose	VERB
ajfa-12492	31	25	to	to	PART
ajfa-12492	31	26	disclose	disclose	VERB
ajfa-12492	31	27	it	it	PRON
ajfa-12492	31	28	to	to	ADP
ajfa-12492	31	29	every	every	DET
ajfa-12492	31	30	stakeholder	stakeholder	NOUN
ajfa-12492	31	31	and	and	CCONJ
ajfa-12492	31	32	different	different	ADJ
ajfa-12492	31	33	stakeholder	stakeholder	NOUN
ajfa-12492	31	34	groups	group	NOUN
ajfa-12492	31	35	(	(	PUNCT
ajfa-12492	31	36	fung	fung	PROPN
ajfa-12492	31	37	,	,	PUNCT
ajfa-12492	31	38	2014	2014	NUM
ajfa-12492	31	39	)	)	PUNCT
ajfa-12492	31	40	.	.	PUNCT
ajfa-12492	32	1	however	however	ADV
ajfa-12492	32	2	,	,	PUNCT
ajfa-12492	32	3	past	past	ADP
ajfa-12492	32	4	studies	study	NOUN
ajfa-12492	32	5	on	on	ADP
ajfa-12492	32	6	corporate	corporate	ADJ
ajfa-12492	32	7	governance	governance	NOUN
ajfa-12492	32	8	and	and	CCONJ
ajfa-12492	32	9	financial	financial	ADJ
ajfa-12492	32	10	performance	performance	NOUN
ajfa-12492	32	11	of	of	ADP
ajfa-12492	32	12	listed	list	VERB
ajfa-12492	32	13	firms	firm	NOUN
ajfa-12492	32	14	have	have	AUX
ajfa-12492	32	15	revealed	reveal	VERB
ajfa-12492	32	16	scandals	scandal	NOUN
ajfa-12492	32	17	,	,	PUNCT
ajfa-12492	32	18	collapse	collapse	NOUN
ajfa-12492	32	19	and	and	CCONJ
ajfa-12492	32	20	frauds	fraud	NOUN
ajfa-12492	32	21	in	in	ADP
ajfa-12492	32	22	major	major	ADJ
ajfa-12492	32	23	corporations	corporation	NOUN
ajfa-12492	32	24	like	like	ADP
ajfa-12492	32	25	enron	enron	PROPN
ajfa-12492	32	26	,	,	PUNCT
ajfa-12492	32	27	tyco	tyco	PROPN
ajfa-12492	32	28	,	,	PUNCT
ajfa-12492	32	29	worldcom	worldcom	PROPN
ajfa-12492	32	30	and	and	CCONJ
ajfa-12492	32	31	bank	bank	PROPN
ajfa-12492	32	32	of	of	ADP
ajfa-12492	32	33	credit	credit	NOUN
ajfa-12492	32	34	and	and	CCONJ
ajfa-12492	32	35	commerce	commerce	PROPN
ajfa-12492	32	36	international	international	PROPN
ajfa-12492	32	37	in	in	ADP
ajfa-12492	32	38	the	the	DET
ajfa-12492	32	39	uk	uk	PROPN
ajfa-12492	32	40	and	and	CCONJ
ajfa-12492	32	41	us	we	PRON
ajfa-12492	32	42	which	which	PRON
ajfa-12492	32	43	has	have	AUX
ajfa-12492	32	44	led	lead	VERB
ajfa-12492	32	45	asian	asian	ADJ
ajfa-12492	32	46	journal	journal	NOUN
ajfa-12492	32	47	of	of	ADP
ajfa-12492	32	48	finance	finance	PROPN
ajfa-12492	32	49	&	&	CCONJ
ajfa-12492	32	50	accounting	accounting	PROPN
ajfa-12492	32	51	issn	issn	PROPN
ajfa-12492	32	52	1946	1946	NUM
ajfa-12492	32	53	-	-	PUNCT
ajfa-12492	32	54	052x	052x	NOUN
ajfa-12492	32	55	2018	2018	NUM
ajfa-12492	32	56	,	,	PUNCT
ajfa-12492	32	57	vol	vol	NOUN
ajfa-12492	32	58	.	.	PROPN
ajfa-12492	33	1	10	10	NUM
ajfa-12492	33	2	,	,	PUNCT
ajfa-12492	33	3	no	no	INTJ
ajfa-12492	33	4	.	.	NOUN
ajfa-12492	33	5	1	1	NUM
ajfa-12492	33	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	33	7	4	4	NUM
ajfa-12492	33	8	to	to	ADP
ajfa-12492	33	9	a	a	DET
ajfa-12492	33	10	lot	lot	NOUN
ajfa-12492	33	11	of	of	ADP
ajfa-12492	33	12	worldwide	worldwide	ADJ
ajfa-12492	33	13	interest	interest	NOUN
ajfa-12492	33	14	in	in	ADP
ajfa-12492	33	15	issues	issue	NOUN
ajfa-12492	33	16	of	of	ADP
ajfa-12492	33	17	corporate	corporate	ADJ
ajfa-12492	33	18	governance	governance	NOUN
ajfa-12492	33	19	.	.	PUNCT
ajfa-12492	34	1	in	in	ADP
ajfa-12492	34	2	east	east	PROPN
ajfa-12492	34	3	africa	africa	PROPN
ajfa-12492	34	4	listed	list	VERB
ajfa-12492	34	5	firms	firm	NOUN
ajfa-12492	34	6	questions	question	NOUN
ajfa-12492	34	7	have	have	AUX
ajfa-12492	34	8	been	be	AUX
ajfa-12492	34	9	raised	raise	VERB
ajfa-12492	34	10	on	on	ADP
ajfa-12492	34	11	the	the	DET
ajfa-12492	34	12	governance	governance	NOUN
ajfa-12492	34	13	since	since	SCONJ
ajfa-12492	34	14	listed	list	VERB
ajfa-12492	34	15	firms	firm	NOUN
ajfa-12492	34	16	have	have	AUX
ajfa-12492	34	17	been	be	AUX
ajfa-12492	34	18	characterized	characterize	VERB
ajfa-12492	34	19	with	with	ADP
ajfa-12492	34	20	increased	increase	VERB
ajfa-12492	34	21	cases	case	NOUN
ajfa-12492	34	22	of	of	ADP
ajfa-12492	34	23	corruption	corruption	NOUN
ajfa-12492	34	24	,	,	PUNCT
ajfa-12492	34	25	mismanagement	mismanagement	NOUN
ajfa-12492	34	26	and	and	CCONJ
ajfa-12492	34	27	government	government	NOUN
ajfa-12492	34	28	bailouts	bailout	NOUN
ajfa-12492	34	29	or	or	CCONJ
ajfa-12492	34	30	subsidization	subsidization	NOUN
ajfa-12492	34	31	on	on	ADP
ajfa-12492	34	32	the	the	DET
ajfa-12492	34	33	failing	fail	VERB
ajfa-12492	34	34	enterprises	enterprise	NOUN
ajfa-12492	34	35	like	like	ADP
ajfa-12492	34	36	the	the	DET
ajfa-12492	34	37	kenya	kenya	PROPN
ajfa-12492	34	38	airways	airways	PROPN
ajfa-12492	34	39	,	,	PUNCT
ajfa-12492	34	40	mumias	mumias	PROPN
ajfa-12492	34	41	sugar	sugar	PROPN
ajfa-12492	34	42	company	company	PROPN
ajfa-12492	34	43	in	in	ADP
ajfa-12492	34	44	kenya	kenya	PROPN
ajfa-12492	34	45	,	,	PUNCT
ajfa-12492	34	46	uchumi	uchumi	ADJ
ajfa-12492	34	47	company	company	NOUN
ajfa-12492	34	48	limited	limit	VERB
ajfa-12492	34	49	in	in	ADP
ajfa-12492	34	50	kenya	kenya	PROPN
ajfa-12492	34	51	,	,	PUNCT
ajfa-12492	34	52	stanbic	stanbic	ADJ
ajfa-12492	34	53	bank	bank	PROPN
ajfa-12492	34	54	in	in	ADP
ajfa-12492	34	55	uganda	uganda	PROPN
ajfa-12492	34	56	and	and	CCONJ
ajfa-12492	34	57	tanzania	tanzania	PROPN
ajfa-12492	34	58	had	have	VERB
ajfa-12492	34	59	corruption	corruption	NOUN
ajfa-12492	34	60	related	relate	VERB
ajfa-12492	34	61	cases	case	NOUN
ajfa-12492	34	62	,	,	PUNCT
ajfa-12492	34	63	just	just	ADV
ajfa-12492	34	64	to	to	PART
ajfa-12492	34	65	name	name	VERB
ajfa-12492	34	66	a	a	DET
ajfa-12492	34	67	few	few	ADJ
ajfa-12492	34	68	which	which	PRON
ajfa-12492	34	69	has	have	AUX
ajfa-12492	34	70	been	be	AUX
ajfa-12492	34	71	in	in	ADP
ajfa-12492	34	72	the	the	DET
ajfa-12492	34	73	media	medium	NOUN
ajfa-12492	34	74	for	for	ADP
ajfa-12492	34	75	all	all	DET
ajfa-12492	34	76	wrong	wrong	ADJ
ajfa-12492	34	77	reasons	reason	NOUN
ajfa-12492	34	78	.	.	PUNCT
ajfa-12492	35	1	this	this	PRON
ajfa-12492	35	2	can	can	AUX
ajfa-12492	35	3	be	be	AUX
ajfa-12492	35	4	attributed	attribute	VERB
ajfa-12492	35	5	to	to	ADP
ajfa-12492	35	6	lack	lack	NOUN
ajfa-12492	35	7	of	of	ADP
ajfa-12492	35	8	transparency	transparency	NOUN
ajfa-12492	35	9	and	and	CCONJ
ajfa-12492	35	10	inadequate	inadequate	ADJ
ajfa-12492	35	11	disclosure	disclosure	NOUN
ajfa-12492	35	12	of	of	ADP
ajfa-12492	35	13	company	company	NOUN
ajfa-12492	35	14	results	result	NOUN
ajfa-12492	35	15	.	.	PUNCT
ajfa-12492	36	1	huge	huge	ADJ
ajfa-12492	36	2	efforts	effort	NOUN
ajfa-12492	36	3	to	to	PART
ajfa-12492	36	4	revive	revive	VERB
ajfa-12492	36	5	the	the	DET
ajfa-12492	36	6	falling	fall	VERB
ajfa-12492	36	7	companies	company	NOUN
ajfa-12492	36	8	to	to	ADP
ajfa-12492	36	9	profitability	profitability	NOUN
ajfa-12492	36	10	have	have	AUX
ajfa-12492	36	11	focused	focus	VERB
ajfa-12492	36	12	on	on	ADP
ajfa-12492	36	13	financial	financial	ADJ
ajfa-12492	36	14	restructuring	restructuring	NOUN
ajfa-12492	36	15	.	.	PUNCT
ajfa-12492	37	1	however	however	ADV
ajfa-12492	37	2	,	,	PUNCT
ajfa-12492	37	3	managers	manager	NOUN
ajfa-12492	37	4	and	and	CCONJ
ajfa-12492	37	5	practitioners	practitioner	NOUN
ajfa-12492	37	6	still	still	ADV
ajfa-12492	37	7	lack	lack	VERB
ajfa-12492	37	8	adequate	adequate	ADJ
ajfa-12492	37	9	guidance	guidance	NOUN
ajfa-12492	37	10	for	for	ADP
ajfa-12492	37	11	attaining	attain	VERB
ajfa-12492	37	12	optimal	optimal	ADJ
ajfa-12492	37	13	financing	financing	NOUN
ajfa-12492	37	14	decisions	decision	NOUN
ajfa-12492	37	15	(	(	PUNCT
ajfa-12492	37	16	kibet	kibet	NOUN
ajfa-12492	37	17	,	,	PUNCT
ajfa-12492	37	18	tenei	tenei	PROPN
ajfa-12492	37	19	&	&	CCONJ
ajfa-12492	37	20	mutwol	mutwol	PROPN
ajfa-12492	37	21	,	,	PUNCT
ajfa-12492	37	22	2011	2011	NUM
ajfa-12492	37	23	)	)	PUNCT
ajfa-12492	37	24	as	as	SCONJ
ajfa-12492	37	25	cited	cite	VERB
ajfa-12492	37	26	in	in	ADP
ajfa-12492	37	27	ayako	ayako	PROPN
ajfa-12492	37	28	(	(	PUNCT
ajfa-12492	37	29	2012	2012	NUM
ajfa-12492	37	30	)	)	PUNCT
ajfa-12492	37	31	.	.	PUNCT
ajfa-12492	38	1	this	this	DET
ajfa-12492	38	2	situation	situation	NOUN
ajfa-12492	38	3	has	have	AUX
ajfa-12492	38	4	led	lead	VERB
ajfa-12492	38	5	to	to	ADP
ajfa-12492	38	6	loss	loss	NOUN
ajfa-12492	38	7	of	of	ADP
ajfa-12492	38	8	investors	investor	NOUN
ajfa-12492	38	9	’	’	PART
ajfa-12492	38	10	wealth	wealth	NOUN
ajfa-12492	38	11	and	and	CCONJ
ajfa-12492	38	12	confidence	confidence	NOUN
ajfa-12492	38	13	in	in	ADP
ajfa-12492	38	14	the	the	DET
ajfa-12492	38	15	stock	stock	NOUN
ajfa-12492	38	16	market	market	NOUN
ajfa-12492	38	17	.	.	PUNCT
ajfa-12492	39	1	corporate	corporate	ADJ
ajfa-12492	39	2	transparency	transparency	NOUN
ajfa-12492	39	3	has	have	AUX
ajfa-12492	39	4	not	not	PART
ajfa-12492	39	5	been	be	AUX
ajfa-12492	39	6	addressed	address	VERB
ajfa-12492	39	7	leading	lead	VERB
ajfa-12492	39	8	to	to	ADP
ajfa-12492	39	9	re	re	VERB
ajfa-12492	39	10	-	-	VERB
ajfa-12492	39	11	collapse	collapse	NOUN
ajfa-12492	39	12	of	of	ADP
ajfa-12492	39	13	companies	company	NOUN
ajfa-12492	39	14	like	like	ADP
ajfa-12492	39	15	uchumi	uchumi	PROPN
ajfa-12492	39	16	,	,	PUNCT
ajfa-12492	39	17	mumias	mumias	PROPN
ajfa-12492	39	18	sugar	sugar	PROPN
ajfa-12492	39	19	,	,	PUNCT
ajfa-12492	39	20	kenya	kenya	PROPN
ajfa-12492	39	21	airways	airways	PROPN
ajfa-12492	39	22	,	,	PUNCT
ajfa-12492	39	23	eveready	eveready	PROPN
ajfa-12492	39	24	and	and	CCONJ
ajfa-12492	39	25	national	national	PROPN
ajfa-12492	39	26	bank	bank	PROPN
ajfa-12492	39	27	in	in	ADP
ajfa-12492	39	28	kenya	kenya	PROPN
ajfa-12492	39	29	.	.	PUNCT
ajfa-12492	40	1	state	state	NOUN
ajfa-12492	40	2	reports	report	NOUN
ajfa-12492	40	3	reveal	reveal	VERB
ajfa-12492	40	4	that	that	SCONJ
ajfa-12492	40	5	low	low	ADJ
ajfa-12492	40	6	financial	financial	ADJ
ajfa-12492	40	7	performances	performance	NOUN
ajfa-12492	40	8	of	of	ADP
ajfa-12492	40	9	listed	list	VERB
ajfa-12492	40	10	companies	company	NOUN
ajfa-12492	40	11	is	be	AUX
ajfa-12492	40	12	a	a	DET
ajfa-12492	40	13	major	major	ADJ
ajfa-12492	40	14	hindrance	hindrance	NOUN
ajfa-12492	40	15	of	of	ADP
ajfa-12492	40	16	the	the	DET
ajfa-12492	40	17	realization	realization	NOUN
ajfa-12492	40	18	of	of	ADP
ajfa-12492	40	19	vision	vision	NOUN
ajfa-12492	40	20	2030	2030	NUM
ajfa-12492	40	21	leading	lead	VERB
ajfa-12492	40	22	to	to	ADP
ajfa-12492	40	23	lower	low	ADJ
ajfa-12492	40	24	economic	economic	ADJ
ajfa-12492	40	25	development	development	NOUN
ajfa-12492	40	26	and	and	CCONJ
ajfa-12492	40	27	loss	loss	NOUN
ajfa-12492	40	28	of	of	ADP
ajfa-12492	40	29	jobs	job	NOUN
ajfa-12492	40	30	in	in	ADP
ajfa-12492	40	31	kenya	kenya	PROPN
ajfa-12492	40	32	and	and	CCONJ
ajfa-12492	40	33	east	east	PROPN
ajfa-12492	40	34	africa	africa	PROPN
ajfa-12492	40	35	.	.	PUNCT
ajfa-12492	41	1	the	the	DET
ajfa-12492	41	2	current	current	ADJ
ajfa-12492	41	3	study	study	NOUN
ajfa-12492	41	4	sought	seek	VERB
ajfa-12492	41	5	to	to	PART
ajfa-12492	41	6	examine	examine	VERB
ajfa-12492	41	7	the	the	DET
ajfa-12492	41	8	influence	influence	NOUN
ajfa-12492	41	9	of	of	ADP
ajfa-12492	41	10	corporate	corporate	ADJ
ajfa-12492	41	11	transparency	transparency	NOUN
ajfa-12492	41	12	on	on	ADP
ajfa-12492	41	13	financial	financial	ADJ
ajfa-12492	41	14	performance	performance	NOUN
ajfa-12492	41	15	of	of	ADP
ajfa-12492	41	16	listed	list	VERB
ajfa-12492	41	17	companies	company	NOUN
ajfa-12492	41	18	in	in	ADP
ajfa-12492	41	19	east	east	PROPN
ajfa-12492	41	20	africa	africa	PROPN
ajfa-12492	41	21	.	.	PUNCT
ajfa-12492	42	1	specifically	specifically	ADV
ajfa-12492	42	2	,	,	PUNCT
ajfa-12492	42	3	the	the	DET
ajfa-12492	42	4	study	study	NOUN
ajfa-12492	42	5	sought	seek	VERB
ajfa-12492	42	6	to	to	PART
ajfa-12492	42	7	:	:	PUNCT
ajfa-12492	42	8	i.	i.	VERB
ajfa-12492	42	9	to	to	PART
ajfa-12492	42	10	examine	examine	VERB
ajfa-12492	42	11	the	the	DET
ajfa-12492	42	12	influence	influence	NOUN
ajfa-12492	42	13	of	of	ADP
ajfa-12492	42	14	financial	financial	ADJ
ajfa-12492	42	15	transparency	transparency	NOUN
ajfa-12492	42	16	on	on	ADP
ajfa-12492	42	17	financial	financial	ADJ
ajfa-12492	42	18	performance	performance	NOUN
ajfa-12492	42	19	in	in	ADP
ajfa-12492	42	20	companies	company	NOUN
ajfa-12492	42	21	listed	list	VERB
ajfa-12492	42	22	in	in	ADP
ajfa-12492	42	23	east	east	PROPN
ajfa-12492	42	24	africa	africa	PROPN
ajfa-12492	42	25	.	.	PUNCT
ajfa-12492	43	1	ii	ii	PROPN
ajfa-12492	43	2	.	.	PUNCT
ajfa-12492	44	1	to	to	PART
ajfa-12492	44	2	establish	establish	VERB
ajfa-12492	44	3	the	the	DET
ajfa-12492	44	4	influence	influence	NOUN
ajfa-12492	44	5	of	of	ADP
ajfa-12492	44	6	risk	risk	NOUN
ajfa-12492	44	7	transparency	transparency	NOUN
ajfa-12492	44	8	on	on	ADP
ajfa-12492	44	9	financial	financial	ADJ
ajfa-12492	44	10	performance	performance	NOUN
ajfa-12492	44	11	in	in	ADP
ajfa-12492	44	12	companies	company	NOUN
ajfa-12492	44	13	listed	list	VERB
ajfa-12492	44	14	in	in	ADP
ajfa-12492	44	15	east	east	PROPN
ajfa-12492	44	16	africa	africa	PROPN
ajfa-12492	44	17	.	.	PUNCT
ajfa-12492	45	1	iii	iii	PROPN
ajfa-12492	45	2	.	.	PUNCT
ajfa-12492	45	3	to	to	PART
ajfa-12492	45	4	establish	establish	VERB
ajfa-12492	45	5	the	the	DET
ajfa-12492	45	6	influence	influence	NOUN
ajfa-12492	45	7	of	of	ADP
ajfa-12492	45	8	governance	governance	NOUN
ajfa-12492	45	9	transparency	transparency	NOUN
ajfa-12492	45	10	on	on	ADP
ajfa-12492	45	11	financial	financial	ADJ
ajfa-12492	45	12	performance	performance	NOUN
ajfa-12492	45	13	in	in	ADP
ajfa-12492	45	14	companies	company	NOUN
ajfa-12492	45	15	listed	list	VERB
ajfa-12492	45	16	in	in	ADP
ajfa-12492	45	17	east	east	PROPN
ajfa-12492	45	18	africa	africa	PROPN
ajfa-12492	45	19	.	.	PUNCT
ajfa-12492	46	1	iv	iv	X
ajfa-12492	46	2	.	.	PUNCT
ajfa-12492	46	3	to	to	PART
ajfa-12492	46	4	find	find	VERB
ajfa-12492	46	5	out	out	ADP
ajfa-12492	46	6	the	the	DET
ajfa-12492	46	7	influence	influence	NOUN
ajfa-12492	46	8	of	of	ADP
ajfa-12492	46	9	social	social	ADJ
ajfa-12492	46	10	transparency	transparency	NOUN
ajfa-12492	46	11	on	on	ADP
ajfa-12492	46	12	financial	financial	ADJ
ajfa-12492	46	13	performance	performance	NOUN
ajfa-12492	46	14	among	among	ADP
ajfa-12492	46	15	companies	company	NOUN
ajfa-12492	46	16	listed	list	VERB
ajfa-12492	46	17	in	in	ADP
ajfa-12492	46	18	east	east	PROPN
ajfa-12492	46	19	africa	africa	PROPN
ajfa-12492	46	20	.	.	PUNCT
ajfa-12492	47	1	the	the	DET
ajfa-12492	47	2	hypotheses	hypothesis	NOUN
ajfa-12492	47	3	of	of	ADP
ajfa-12492	47	4	the	the	DET
ajfa-12492	47	5	study	study	NOUN
ajfa-12492	47	6	were	be	AUX
ajfa-12492	47	7	:	:	PUNCT
ajfa-12492	47	8	i.	i.	PROPN
ajfa-12492	47	9	ho	ho	PROPN
ajfa-12492	47	10	:	:	PUNCT
ajfa-12492	47	11	financial	financial	ADJ
ajfa-12492	47	12	transparency	transparency	NOUN
ajfa-12492	47	13	has	have	VERB
ajfa-12492	47	14	no	no	DET
ajfa-12492	47	15	significant	significant	ADJ
ajfa-12492	47	16	influence	influence	NOUN
ajfa-12492	47	17	on	on	ADP
ajfa-12492	47	18	financial	financial	ADJ
ajfa-12492	47	19	performance	performance	NOUN
ajfa-12492	47	20	among	among	ADP
ajfa-12492	47	21	companies	company	NOUN
ajfa-12492	47	22	listed	list	VERB
ajfa-12492	47	23	in	in	ADP
ajfa-12492	47	24	east	east	PROPN
ajfa-12492	47	25	africa	africa	PROPN
ajfa-12492	47	26	securities	security	NOUN
ajfa-12492	47	27	exchanges	exchange	NOUN
ajfa-12492	47	28	.	.	PUNCT
ajfa-12492	48	1	ii	ii	PROPN
ajfa-12492	48	2	.	.	PUNCT
ajfa-12492	49	1	ho	ho	PROPN
ajfa-12492	49	2	:	:	PUNCT
ajfa-12492	49	3	risk	risk	NOUN
ajfa-12492	49	4	transparency	transparency	NOUN
ajfa-12492	49	5	has	have	VERB
ajfa-12492	49	6	no	no	DET
ajfa-12492	49	7	significant	significant	ADJ
ajfa-12492	49	8	influence	influence	NOUN
ajfa-12492	49	9	on	on	ADP
ajfa-12492	49	10	financial	financial	ADJ
ajfa-12492	49	11	performance	performance	NOUN
ajfa-12492	49	12	among	among	ADP
ajfa-12492	49	13	companies	company	NOUN
ajfa-12492	49	14	listed	list	VERB
ajfa-12492	49	15	in	in	ADP
ajfa-12492	49	16	east	east	PROPN
ajfa-12492	49	17	africa	africa	PROPN
ajfa-12492	49	18	securities	security	NOUN
ajfa-12492	49	19	exchanges	exchange	NOUN
ajfa-12492	49	20	.	.	PUNCT
ajfa-12492	50	1	iii	iii	X
ajfa-12492	50	2	.	.	PUNCT
ajfa-12492	51	1	ho	ho	PROPN
ajfa-12492	51	2	:	:	PUNCT
ajfa-12492	51	3	governance	governance	NOUN
ajfa-12492	51	4	transparency	transparency	NOUN
ajfa-12492	51	5	has	have	VERB
ajfa-12492	51	6	no	no	DET
ajfa-12492	51	7	significant	significant	ADJ
ajfa-12492	51	8	influence	influence	NOUN
ajfa-12492	51	9	on	on	ADP
ajfa-12492	51	10	financial	financial	ADJ
ajfa-12492	51	11	performance	performance	NOUN
ajfa-12492	51	12	among	among	ADP
ajfa-12492	51	13	companies	company	NOUN
ajfa-12492	51	14	listed	list	VERB
ajfa-12492	51	15	in	in	ADP
ajfa-12492	51	16	east	east	PROPN
ajfa-12492	51	17	africa	africa	PROPN
ajfa-12492	51	18	securities	security	NOUN
ajfa-12492	51	19	exchanges	exchange	NOUN
ajfa-12492	51	20	.	.	PUNCT
ajfa-12492	52	1	iv	iv	X
ajfa-12492	52	2	.	.	PUNCT
ajfa-12492	53	1	ho	ho	PROPN
ajfa-12492	53	2	:	:	PUNCT
ajfa-12492	53	3	social	social	ADJ
ajfa-12492	53	4	transparency	transparency	NOUN
ajfa-12492	53	5	has	have	VERB
ajfa-12492	53	6	no	no	DET
ajfa-12492	53	7	significant	significant	ADJ
ajfa-12492	53	8	influence	influence	NOUN
ajfa-12492	53	9	on	on	ADP
ajfa-12492	53	10	financial	financial	ADJ
ajfa-12492	53	11	performance	performance	NOUN
ajfa-12492	53	12	among	among	ADP
ajfa-12492	53	13	companies	company	NOUN
ajfa-12492	53	14	listed	list	VERB
ajfa-12492	53	15	in	in	ADP
ajfa-12492	53	16	east	east	PROPN
ajfa-12492	53	17	africa	africa	PROPN
ajfa-12492	53	18	securities	security	NOUN
ajfa-12492	53	19	exchanges	exchange	NOUN
ajfa-12492	53	20	.	.	PUNCT
ajfa-12492	54	1	2	2	X
ajfa-12492	54	2	.	.	X
ajfa-12492	54	3	literature	literature	NOUN
ajfa-12492	54	4	review	review	VERB
ajfa-12492	54	5	the	the	DET
ajfa-12492	54	6	genesis	genesis	NOUN
ajfa-12492	54	7	of	of	ADP
ajfa-12492	54	8	corporate	corporate	ADJ
ajfa-12492	54	9	governance	governance	NOUN
ajfa-12492	54	10	can	can	AUX
ajfa-12492	54	11	be	be	AUX
ajfa-12492	54	12	hinged	hinge	VERB
ajfa-12492	54	13	on	on	ADP
ajfa-12492	54	14	the	the	DET
ajfa-12492	54	15	agency	agency	NOUN
ajfa-12492	54	16	theory	theory	NOUN
ajfa-12492	54	17	which	which	PRON
ajfa-12492	54	18	posits	posit	VERB
ajfa-12492	54	19	there	there	ADV
ajfa-12492	54	20	asian	asian	ADJ
ajfa-12492	54	21	journal	journal	NOUN
ajfa-12492	54	22	of	of	ADP
ajfa-12492	54	23	finance	finance	PROPN
ajfa-12492	54	24	&	&	CCONJ
ajfa-12492	54	25	accounting	accounting	PROPN
ajfa-12492	54	26	issn	issn	PROPN
ajfa-12492	54	27	1946	1946	NUM
ajfa-12492	54	28	-	-	PUNCT
ajfa-12492	54	29	052x	052x	NOUN
ajfa-12492	54	30	2018	2018	NUM
ajfa-12492	54	31	,	,	PUNCT
ajfa-12492	54	32	vol	vol	NOUN
ajfa-12492	54	33	.	.	PROPN
ajfa-12492	55	1	10	10	NUM
ajfa-12492	55	2	,	,	PUNCT
ajfa-12492	55	3	no	no	INTJ
ajfa-12492	55	4	.	.	NOUN
ajfa-12492	55	5	1	1	NUM
ajfa-12492	55	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	55	7	5	5	NUM
ajfa-12492	55	8	exist	exist	VERB
ajfa-12492	55	9	a	a	DET
ajfa-12492	55	10	relationship	relationship	NOUN
ajfa-12492	55	11	between	between	ADP
ajfa-12492	55	12	the	the	DET
ajfa-12492	55	13	agents	agent	NOUN
ajfa-12492	55	14	and	and	CCONJ
ajfa-12492	55	15	principles	principle	NOUN
ajfa-12492	55	16	(	(	PUNCT
ajfa-12492	55	17	jensen	jensen	PROPN
ajfa-12492	55	18	&	&	CCONJ
ajfa-12492	55	19	meckling	meckling	PROPN
ajfa-12492	55	20	,	,	PUNCT
ajfa-12492	55	21	1976	1976	NUM
ajfa-12492	55	22	)	)	PUNCT
ajfa-12492	55	23	.	.	PUNCT
ajfa-12492	56	1	currently	currently	ADV
ajfa-12492	56	2	there	there	PRON
ajfa-12492	56	3	is	be	VERB
ajfa-12492	56	4	principle	principle	ADJ
ajfa-12492	56	5	agent	agent	NOUN
ajfa-12492	56	6	relationship	relationship	NOUN
ajfa-12492	56	7	between	between	ADP
ajfa-12492	56	8	the	the	DET
ajfa-12492	56	9	management	management	NOUN
ajfa-12492	56	10	of	of	ADP
ajfa-12492	56	11	listed	list	VERB
ajfa-12492	56	12	companies	company	NOUN
ajfa-12492	56	13	and	and	CCONJ
ajfa-12492	56	14	shareholders	shareholder	NOUN
ajfa-12492	56	15	who	who	PRON
ajfa-12492	56	16	are	be	AUX
ajfa-12492	56	17	the	the	DET
ajfa-12492	56	18	main	main	ADJ
ajfa-12492	56	19	contributors	contributor	NOUN
ajfa-12492	56	20	of	of	ADP
ajfa-12492	56	21	capital	capital	NOUN
ajfa-12492	56	22	.	.	PUNCT
ajfa-12492	57	1	mainly	mainly	ADV
ajfa-12492	57	2	the	the	DET
ajfa-12492	57	3	study	study	NOUN
ajfa-12492	57	4	seeks	seek	VERB
ajfa-12492	57	5	to	to	PART
ajfa-12492	57	6	explain	explain	VERB
ajfa-12492	57	7	the	the	DET
ajfa-12492	57	8	relationship	relationship	NOUN
ajfa-12492	57	9	between	between	ADP
ajfa-12492	57	10	corporate	corporate	ADJ
ajfa-12492	57	11	transparency	transparency	NOUN
ajfa-12492	57	12	disclosure	disclosure	NOUN
ajfa-12492	57	13	and	and	CCONJ
ajfa-12492	57	14	financial	financial	ADJ
ajfa-12492	57	15	performance	performance	NOUN
ajfa-12492	57	16	among	among	ADP
ajfa-12492	57	17	companies	company	NOUN
ajfa-12492	57	18	listed	list	VERB
ajfa-12492	57	19	in	in	ADP
ajfa-12492	57	20	east	east	PROPN
ajfa-12492	57	21	africa	africa	PROPN
ajfa-12492	57	22	securities	securities	PROPN
ajfa-12492	57	23	exchange	exchange	PROPN
ajfa-12492	57	24	.	.	PUNCT
ajfa-12492	58	1	there	there	PRON
ajfa-12492	58	2	are	be	VERB
ajfa-12492	58	3	chances	chance	NOUN
ajfa-12492	58	4	of	of	ADP
ajfa-12492	58	5	information	information	NOUN
ajfa-12492	58	6	asymmetry	asymmetry	NOUN
ajfa-12492	58	7	between	between	ADP
ajfa-12492	58	8	the	the	DET
ajfa-12492	58	9	shareholders	shareholder	NOUN
ajfa-12492	58	10	and	and	CCONJ
ajfa-12492	58	11	the	the	DET
ajfa-12492	58	12	choice	choice	NOUN
ajfa-12492	58	13	of	of	ADP
ajfa-12492	58	14	management	management	NOUN
ajfa-12492	58	15	who	who	PRON
ajfa-12492	58	16	will	will	AUX
ajfa-12492	58	17	be	be	AUX
ajfa-12492	58	18	involved	involve	VERB
ajfa-12492	58	19	in	in	ADP
ajfa-12492	58	20	the	the	DET
ajfa-12492	58	21	management	management	NOUN
ajfa-12492	58	22	of	of	ADP
ajfa-12492	58	23	companies	company	NOUN
ajfa-12492	58	24	.	.	PUNCT
ajfa-12492	59	1	a	a	DET
ajfa-12492	59	2	wise	wise	ADJ
ajfa-12492	59	3	choice	choice	NOUN
ajfa-12492	59	4	ought	ought	AUX
ajfa-12492	59	5	to	to	PART
ajfa-12492	59	6	be	be	AUX
ajfa-12492	59	7	made	make	VERB
ajfa-12492	59	8	as	as	ADP
ajfa-12492	59	9	such	such	ADJ
ajfa-12492	59	10	to	to	PART
ajfa-12492	59	11	minimize	minimize	VERB
ajfa-12492	59	12	the	the	DET
ajfa-12492	59	13	agency	agency	NOUN
ajfa-12492	59	14	costs	cost	NOUN
ajfa-12492	59	15	and	and	CCONJ
ajfa-12492	59	16	save	save	VERB
ajfa-12492	59	17	on	on	ADP
ajfa-12492	59	18	monitoring	monitor	VERB
ajfa-12492	59	19	costs	cost	NOUN
ajfa-12492	59	20	which	which	PRON
ajfa-12492	59	21	will	will	AUX
ajfa-12492	59	22	trigger	trigger	VERB
ajfa-12492	59	23	positive	positive	ADJ
ajfa-12492	59	24	financial	financial	ADJ
ajfa-12492	59	25	performance	performance	NOUN
ajfa-12492	59	26	.	.	PUNCT
ajfa-12492	60	1	according	accord	VERB
ajfa-12492	60	2	to	to	ADP
ajfa-12492	60	3	jensen	jensen	PROPN
ajfa-12492	60	4	and	and	CCONJ
ajfa-12492	60	5	meckling	meckling	NOUN
ajfa-12492	60	6	(	(	PUNCT
ajfa-12492	60	7	1976	1976	NUM
ajfa-12492	60	8	)	)	PUNCT
ajfa-12492	60	9	there	there	ADV
ajfa-12492	60	10	a	a	DET
ajfa-12492	60	11	positive	positive	ADJ
ajfa-12492	60	12	and	and	CCONJ
ajfa-12492	60	13	significant	significant	ADJ
ajfa-12492	60	14	relationship	relationship	NOUN
ajfa-12492	60	15	between	between	ADP
ajfa-12492	60	16	ownership	ownership	NOUN
ajfa-12492	60	17	control	control	NOUN
ajfa-12492	60	18	and	and	CCONJ
ajfa-12492	60	19	agency	agency	NOUN
ajfa-12492	60	20	conflicts	conflict	NOUN
ajfa-12492	60	21	since	since	SCONJ
ajfa-12492	60	22	there	there	PRON
ajfa-12492	60	23	are	be	VERB
ajfa-12492	60	24	high	high	ADJ
ajfa-12492	60	25	chances	chance	NOUN
ajfa-12492	60	26	of	of	ADP
ajfa-12492	60	27	management	management	NOUN
ajfa-12492	60	28	pursuing	pursue	VERB
ajfa-12492	60	29	their	their	PRON
ajfa-12492	60	30	own	own	ADJ
ajfa-12492	60	31	self	self	NOUN
ajfa-12492	60	32	-	-	PUNCT
ajfa-12492	60	33	interests	interest	NOUN
ajfa-12492	60	34	at	at	ADP
ajfa-12492	60	35	the	the	DET
ajfa-12492	60	36	expense	expense	NOUN
ajfa-12492	60	37	of	of	ADP
ajfa-12492	60	38	the	the	DET
ajfa-12492	60	39	shareholders	shareholder	NOUN
ajfa-12492	60	40	.	.	PUNCT
ajfa-12492	61	1	more	more	ADV
ajfa-12492	61	2	so	so	ADV
ajfa-12492	61	3	the	the	DET
ajfa-12492	61	4	attitude	attitude	NOUN
ajfa-12492	61	5	of	of	ADP
ajfa-12492	61	6	management	management	NOUN
ajfa-12492	61	7	triggers	trigger	VERB
ajfa-12492	61	8	the	the	DET
ajfa-12492	61	9	capital	capital	NOUN
ajfa-12492	61	10	structure	structure	NOUN
ajfa-12492	61	11	choice	choice	NOUN
ajfa-12492	61	12	and	and	CCONJ
ajfa-12492	61	13	if	if	SCONJ
ajfa-12492	61	14	they	they	PRON
ajfa-12492	61	15	are	be	AUX
ajfa-12492	61	16	risk	risk	NOUN
ajfa-12492	61	17	averse	averse	ADJ
ajfa-12492	61	18	they	they	PRON
ajfa-12492	61	19	may	may	AUX
ajfa-12492	61	20	maintain	maintain	VERB
ajfa-12492	61	21	lower	low	ADJ
ajfa-12492	61	22	gearing	gearing	NOUN
ajfa-12492	61	23	levels	level	NOUN
ajfa-12492	61	24	while	while	SCONJ
ajfa-12492	61	25	risk	risk	NOUN
ajfa-12492	61	26	seekers	seeker	NOUN
ajfa-12492	61	27	increases	increase	VERB
ajfa-12492	61	28	the	the	DET
ajfa-12492	61	29	financial	financial	ADJ
ajfa-12492	61	30	risk	risk	NOUN
ajfa-12492	61	31	.	.	PUNCT
ajfa-12492	62	1	william	william	PROPN
ajfa-12492	62	2	,	,	PUNCT
ajfa-12492	62	3	ginter	ginter	PROPN
ajfa-12492	62	4	and	and	CCONJ
ajfa-12492	62	5	shewchuk	shewchuk	ADJ
ajfa-12492	62	6	(	(	PUNCT
ajfa-12492	62	7	2006	2006	NUM
ajfa-12492	62	8	)	)	PUNCT
ajfa-12492	62	9	argued	argue	VERB
ajfa-12492	62	10	that	that	SCONJ
ajfa-12492	62	11	the	the	DET
ajfa-12492	62	12	primary	primary	ADJ
ajfa-12492	62	13	purpose	purpose	NOUN
ajfa-12492	62	14	for	for	ADP
ajfa-12492	62	15	studies	study	NOUN
ajfa-12492	62	16	on	on	ADP
ajfa-12492	62	17	agency	agency	NOUN
ajfa-12492	62	18	theory	theory	NOUN
ajfa-12492	62	19	is	be	AUX
ajfa-12492	62	20	to	to	PART
ajfa-12492	62	21	minimize	minimize	VERB
ajfa-12492	62	22	the	the	DET
ajfa-12492	62	23	chances	chance	NOUN
ajfa-12492	62	24	of	of	ADP
ajfa-12492	62	25	information	information	NOUN
ajfa-12492	62	26	asymmetry	asymmetry	NOUN
ajfa-12492	62	27	.	.	PUNCT
ajfa-12492	63	1	similar	similar	ADJ
ajfa-12492	63	2	studies	study	NOUN
ajfa-12492	63	3	such	such	ADJ
ajfa-12492	63	4	as	as	ADP
ajfa-12492	63	5	conyon	conyon	NOUN
ajfa-12492	63	6	and	and	CCONJ
ajfa-12492	63	7	schwalbach	schwalbach	NOUN
ajfa-12492	63	8	(	(	PUNCT
ajfa-12492	63	9	2000	2000	NUM
ajfa-12492	63	10	)	)	PUNCT
ajfa-12492	63	11	revealed	reveal	VERB
ajfa-12492	63	12	positive	positive	ADJ
ajfa-12492	63	13	relationship	relationship	NOUN
ajfa-12492	63	14	between	between	ADP
ajfa-12492	63	15	corporate	corporate	ADJ
ajfa-12492	63	16	governance	governance	NOUN
ajfa-12492	63	17	and	and	CCONJ
ajfa-12492	63	18	elimination	elimination	NOUN
ajfa-12492	63	19	of	of	ADP
ajfa-12492	63	20	agency	agency	NOUN
ajfa-12492	63	21	costs	cost	NOUN
ajfa-12492	63	22	.	.	PUNCT
ajfa-12492	64	1	this	this	PRON
ajfa-12492	64	2	precipitates	precipitate	VERB
ajfa-12492	64	3	the	the	DET
ajfa-12492	64	4	need	need	NOUN
ajfa-12492	64	5	for	for	ADP
ajfa-12492	64	6	better	well	ADJ
ajfa-12492	64	7	corporate	corporate	ADJ
ajfa-12492	64	8	governance	governance	NOUN
ajfa-12492	64	9	practices	practice	NOUN
ajfa-12492	64	10	as	as	ADP
ajfa-12492	64	11	such	such	ADJ
ajfa-12492	64	12	to	to	PART
ajfa-12492	64	13	eliminate	eliminate	VERB
ajfa-12492	64	14	the	the	DET
ajfa-12492	64	15	possibilities	possibility	NOUN
ajfa-12492	64	16	of	of	ADP
ajfa-12492	64	17	information	information	NOUN
ajfa-12492	64	18	asymmetry	asymmetry	NOUN
ajfa-12492	64	19	.	.	PUNCT
ajfa-12492	65	1	in	in	ADP
ajfa-12492	65	2	this	this	DET
ajfa-12492	65	3	study	study	NOUN
ajfa-12492	65	4	both	both	CCONJ
ajfa-12492	65	5	shareholders	shareholder	NOUN
ajfa-12492	65	6	and	and	CCONJ
ajfa-12492	65	7	management	management	NOUN
ajfa-12492	65	8	have	have	VERB
ajfa-12492	65	9	a	a	DET
ajfa-12492	65	10	relationship	relationship	NOUN
ajfa-12492	65	11	and	and	CCONJ
ajfa-12492	65	12	those	those	PRON
ajfa-12492	65	13	delegated	delegate	VERB
ajfa-12492	65	14	with	with	ADP
ajfa-12492	65	15	the	the	DET
ajfa-12492	65	16	day	day	NOUN
ajfa-12492	65	17	to	to	ADP
ajfa-12492	65	18	day	day	NOUN
ajfa-12492	65	19	management	management	NOUN
ajfa-12492	65	20	of	of	ADP
ajfa-12492	65	21	listed	list	VERB
ajfa-12492	65	22	companies	company	NOUN
ajfa-12492	65	23	.	.	PUNCT
ajfa-12492	66	1	the	the	DET
ajfa-12492	66	2	management	management	NOUN
ajfa-12492	66	3	should	should	AUX
ajfa-12492	66	4	share	share	VERB
ajfa-12492	66	5	the	the	DET
ajfa-12492	66	6	information	information	NOUN
ajfa-12492	66	7	which	which	PRON
ajfa-12492	66	8	is	be	AUX
ajfa-12492	66	9	important	important	ADJ
ajfa-12492	66	10	for	for	ADP
ajfa-12492	66	11	decision	decision	NOUN
ajfa-12492	66	12	making	make	VERB
ajfa-12492	66	13	more	more	ADV
ajfa-12492	66	14	so	so	ADV
ajfa-12492	66	15	publicly	publicly	ADV
ajfa-12492	66	16	shared	share	VERB
ajfa-12492	66	17	information	information	NOUN
ajfa-12492	66	18	ought	ought	AUX
ajfa-12492	66	19	to	to	PART
ajfa-12492	66	20	be	be	AUX
ajfa-12492	66	21	timely	timely	ADV
ajfa-12492	66	22	and	and	CCONJ
ajfa-12492	66	23	accurate	accurate	ADJ
ajfa-12492	66	24	and	and	CCONJ
ajfa-12492	66	25	reduce	reduce	VERB
ajfa-12492	66	26	conflicts	conflict	NOUN
ajfa-12492	66	27	associated	associate	VERB
ajfa-12492	66	28	with	with	ADP
ajfa-12492	66	29	investors	investor	NOUN
ajfa-12492	66	30	’	'	PUNCT
ajfa-12492	66	31	confidence	confidence	NOUN
ajfa-12492	66	32	.	.	PUNCT
ajfa-12492	67	1	any	any	DET
ajfa-12492	67	2	good	good	ADJ
ajfa-12492	67	3	corporate	corporate	ADJ
ajfa-12492	67	4	governance	governance	NOUN
ajfa-12492	67	5	system	system	NOUN
ajfa-12492	67	6	requires	require	VERB
ajfa-12492	67	7	financial	financial	ADJ
ajfa-12492	67	8	transparency	transparency	NOUN
ajfa-12492	67	9	as	as	ADP
ajfa-12492	67	10	fundamental	fundamental	ADJ
ajfa-12492	67	11	objectives	objective	NOUN
ajfa-12492	67	12	of	of	ADP
ajfa-12492	67	13	financial	financial	ADJ
ajfa-12492	67	14	reporting	reporting	NOUN
ajfa-12492	67	15	.	.	PUNCT
ajfa-12492	68	1	making	make	VERB
ajfa-12492	68	2	the	the	DET
ajfa-12492	68	3	management	management	NOUN
ajfa-12492	68	4	accountable	accountable	ADJ
ajfa-12492	68	5	of	of	ADP
ajfa-12492	68	6	their	their	PRON
ajfa-12492	68	7	action	action	NOUN
ajfa-12492	68	8	is	be	AUX
ajfa-12492	68	9	an	an	DET
ajfa-12492	68	10	element	element	NOUN
ajfa-12492	68	11	of	of	ADP
ajfa-12492	68	12	a	a	DET
ajfa-12492	68	13	good	good	ADJ
ajfa-12492	68	14	system	system	NOUN
ajfa-12492	68	15	with	with	ADP
ajfa-12492	68	16	high	high	ADJ
ajfa-12492	68	17	level	level	NOUN
ajfa-12492	68	18	of	of	ADP
ajfa-12492	68	19	disclosure	disclosure	NOUN
ajfa-12492	68	20	.	.	PUNCT
ajfa-12492	69	1	tarus	tarus	NOUN
ajfa-12492	69	2	and	and	CCONJ
ajfa-12492	69	3	omandi	omandi	NOUN
ajfa-12492	69	4	(	(	PUNCT
ajfa-12492	69	5	2013	2013	NUM
ajfa-12492	69	6	)	)	PUNCT
ajfa-12492	69	7	conducted	conduct	VERB
ajfa-12492	69	8	a	a	DET
ajfa-12492	69	9	study	study	NOUN
ajfa-12492	69	10	to	to	PART
ajfa-12492	69	11	examine	examine	VERB
ajfa-12492	69	12	business	business	NOUN
ajfa-12492	69	13	case	case	NOUN
ajfa-12492	69	14	for	for	ADP
ajfa-12492	69	15	corporate	corporate	ADJ
ajfa-12492	69	16	transparency	transparency	NOUN
ajfa-12492	69	17	from	from	ADP
ajfa-12492	69	18	kenyan	kenyan	ADJ
ajfa-12492	69	19	market	market	NOUN
ajfa-12492	69	20	.	.	PUNCT
ajfa-12492	70	1	they	they	PRON
ajfa-12492	70	2	hypothesized	hypothesize	VERB
ajfa-12492	70	3	financial	financial	ADJ
ajfa-12492	70	4	transparency	transparency	NOUN
ajfa-12492	70	5	to	to	PART
ajfa-12492	70	6	have	have	VERB
ajfa-12492	70	7	a	a	DET
ajfa-12492	70	8	positive	positive	ADJ
ajfa-12492	70	9	and	and	CCONJ
ajfa-12492	70	10	significant	significant	ADJ
ajfa-12492	70	11	effect	effect	NOUN
ajfa-12492	70	12	on	on	ADP
ajfa-12492	70	13	firm	firm	ADJ
ajfa-12492	70	14	performance	performance	NOUN
ajfa-12492	70	15	.	.	PUNCT
ajfa-12492	71	1	financial	financial	ADJ
ajfa-12492	71	2	transparency	transparency	NOUN
ajfa-12492	71	3	was	be	AUX
ajfa-12492	71	4	assessed	assess	VERB
ajfa-12492	71	5	using	use	VERB
ajfa-12492	71	6	corporate	corporate	ADJ
ajfa-12492	71	7	disclosure	disclosure	NOUN
ajfa-12492	71	8	index	index	NOUN
ajfa-12492	71	9	while	while	SCONJ
ajfa-12492	71	10	firm	firm	ADJ
ajfa-12492	71	11	performance	performance	NOUN
ajfa-12492	71	12	was	be	AUX
ajfa-12492	71	13	measured	measure	VERB
ajfa-12492	71	14	using	use	VERB
ajfa-12492	71	15	the	the	DET
ajfa-12492	71	16	return	return	NOUN
ajfa-12492	71	17	on	on	ADP
ajfa-12492	71	18	asset	asset	NOUN
ajfa-12492	71	19	(	(	PUNCT
ajfa-12492	71	20	roa	roa	PROPN
ajfa-12492	71	21	)	)	PUNCT
ajfa-12492	71	22	.	.	PUNCT
ajfa-12492	72	1	regression	regression	NOUN
ajfa-12492	72	2	analysis	analysis	NOUN
ajfa-12492	72	3	supported	support	VERB
ajfa-12492	72	4	the	the	DET
ajfa-12492	72	5	hypothesis	hypothesis	NOUN
ajfa-12492	72	6	of	of	ADP
ajfa-12492	72	7	positive	positive	ADJ
ajfa-12492	72	8	relationship	relationship	NOUN
ajfa-12492	72	9	though	though	SCONJ
ajfa-12492	72	10	the	the	DET
ajfa-12492	72	11	correlation	correlation	NOUN
ajfa-12492	72	12	analysis	analysis	NOUN
ajfa-12492	72	13	showed	show	VERB
ajfa-12492	72	14	this	this	DET
ajfa-12492	72	15	relationship	relationship	NOUN
ajfa-12492	72	16	to	to	PART
ajfa-12492	72	17	be	be	AUX
ajfa-12492	72	18	weak	weak	ADJ
ajfa-12492	72	19	.	.	PUNCT
ajfa-12492	73	1	a	a	DET
ajfa-12492	73	2	similar	similar	ADJ
ajfa-12492	73	3	study	study	NOUN
ajfa-12492	73	4	by	by	ADP
ajfa-12492	73	5	ozbay	ozbay	PROPN
ajfa-12492	73	6	(	(	PUNCT
ajfa-12492	73	7	2009	2009	NUM
ajfa-12492	73	8	)	)	PUNCT
ajfa-12492	73	9	was	be	AUX
ajfa-12492	73	10	conducted	conduct	VERB
ajfa-12492	73	11	to	to	PART
ajfa-12492	73	12	examine	examine	VERB
ajfa-12492	73	13	the	the	DET
ajfa-12492	73	14	relationship	relationship	NOUN
ajfa-12492	73	15	between	between	ADP
ajfa-12492	73	16	corporate	corporate	ADJ
ajfa-12492	73	17	financial	financial	ADJ
ajfa-12492	73	18	transparency	transparency	NOUN
ajfa-12492	73	19	and	and	CCONJ
ajfa-12492	73	20	company	company	NOUN
ajfa-12492	73	21	performance	performance	NOUN
ajfa-12492	73	22	in	in	ADP
ajfa-12492	73	23	the	the	DET
ajfa-12492	73	24	istanbul	istanbul	PROPN
ajfa-12492	73	25	stock	stock	PROPN
ajfa-12492	73	26	exchange	exchange	PROPN
ajfa-12492	73	27	(	(	PUNCT
ajfa-12492	73	28	ise	ise	PROPN
ajfa-12492	73	29	)	)	PUNCT
ajfa-12492	73	30	in	in	ADP
ajfa-12492	73	31	turkey	turkey	PROPN
ajfa-12492	73	32	.	.	PUNCT
ajfa-12492	74	1	secondary	secondary	ADJ
ajfa-12492	74	2	data	datum	NOUN
ajfa-12492	74	3	for	for	ADP
ajfa-12492	74	4	a	a	DET
ajfa-12492	74	5	total	total	NOUN
ajfa-12492	74	6	of	of	ADP
ajfa-12492	74	7	27	27	NUM
ajfa-12492	74	8	companies	company	NOUN
ajfa-12492	74	9	were	be	AUX
ajfa-12492	74	10	sampled	sample	VERB
ajfa-12492	74	11	from	from	ADP
ajfa-12492	74	12	annual	annual	ADJ
ajfa-12492	74	13	reports	report	NOUN
ajfa-12492	74	14	for	for	ADP
ajfa-12492	74	15	a	a	DET
ajfa-12492	74	16	period	period	NOUN
ajfa-12492	74	17	of	of	ADP
ajfa-12492	74	18	11years	11years	NUM
ajfa-12492	74	19	.	.	PUNCT
ajfa-12492	75	1	these	these	DET
ajfa-12492	75	2	companies	company	NOUN
ajfa-12492	75	3	were	be	AUX
ajfa-12492	75	4	selected	select	VERB
ajfa-12492	75	5	since	since	SCONJ
ajfa-12492	75	6	they	they	PRON
ajfa-12492	75	7	were	be	AUX
ajfa-12492	75	8	thought	think	VERB
ajfa-12492	75	9	to	to	PART
ajfa-12492	75	10	be	be	AUX
ajfa-12492	75	11	the	the	DET
ajfa-12492	75	12	largest	large	ADJ
ajfa-12492	75	13	and	and	CCONJ
ajfa-12492	75	14	the	the	DET
ajfa-12492	75	15	most	most	ADV
ajfa-12492	75	16	liquid	liquid	ADJ
ajfa-12492	75	17	companies	company	NOUN
ajfa-12492	75	18	in	in	ADP
ajfa-12492	75	19	ise	ise	PROPN
ajfa-12492	75	20	.	.	PUNCT
ajfa-12492	76	1	company	company	NOUN
ajfa-12492	76	2	performance	performance	NOUN
ajfa-12492	76	3	was	be	AUX
ajfa-12492	76	4	assessed	assess	VERB
ajfa-12492	76	5	using	use	VERB
ajfa-12492	76	6	market	market	NOUN
ajfa-12492	76	7	to	to	ADP
ajfa-12492	76	8	book	book	NOUN
ajfa-12492	76	9	value	value	NOUN
ajfa-12492	76	10	(	(	PUNCT
ajfa-12492	76	11	mtbv	mtbv	X
ajfa-12492	76	12	)	)	PUNCT
ajfa-12492	76	13	,	,	PUNCT
ajfa-12492	76	14	price	price	NOUN
ajfa-12492	76	15	to	to	ADP
ajfa-12492	76	16	cash	cash	NOUN
ajfa-12492	76	17	flow	flow	NOUN
ajfa-12492	76	18	(	(	PUNCT
ajfa-12492	76	19	ptcf	ptcf	PROPN
ajfa-12492	76	20	)	)	PUNCT
ajfa-12492	76	21	,	,	PUNCT
ajfa-12492	76	22	price	price	NOUN
ajfa-12492	76	23	earnings	earning	NOUN
ajfa-12492	76	24	ratio	ratio	NOUN
ajfa-12492	76	25	(	(	PUNCT
ajfa-12492	76	26	pe	pe	NOUN
ajfa-12492	76	27	)	)	PUNCT
ajfa-12492	76	28	and	and	CCONJ
ajfa-12492	76	29	market	market	NOUN
ajfa-12492	76	30	adjusted	adjust	VERB
ajfa-12492	76	31	stock	stock	NOUN
ajfa-12492	76	32	returns	return	NOUN
ajfa-12492	76	33	(	(	PUNCT
ajfa-12492	76	34	masr	masr	PROPN
ajfa-12492	76	35	)	)	PUNCT
ajfa-12492	76	36	.	.	PUNCT
ajfa-12492	77	1	financial	financial	ADJ
ajfa-12492	77	2	transparency	transparency	NOUN
ajfa-12492	77	3	was	be	AUX
ajfa-12492	77	4	cross	cross	ADJ
ajfa-12492	77	5	-	-	VERB
ajfa-12492	77	6	checked	check	VERB
ajfa-12492	77	7	with	with	ADP
ajfa-12492	77	8	36	36	NUM
ajfa-12492	77	9	attributes	attribute	NOUN
ajfa-12492	77	10	referring	refer	VERB
ajfa-12492	77	11	to	to	ADP
ajfa-12492	77	12	accounting	accounting	NOUN
ajfa-12492	77	13	policies	policy	NOUN
ajfa-12492	77	14	and	and	CCONJ
ajfa-12492	77	15	standards	standard	NOUN
ajfa-12492	77	16	,	,	PUNCT
ajfa-12492	77	17	audit	audit	NOUN
ajfa-12492	77	18	fees	fee	NOUN
ajfa-12492	77	19	and	and	CCONJ
ajfa-12492	77	20	efficiency	efficiency	NOUN
ajfa-12492	77	21	indicators	indicator	NOUN
ajfa-12492	77	22	.	.	PUNCT
ajfa-12492	78	1	panel	panel	NOUN
ajfa-12492	78	2	data	datum	NOUN
ajfa-12492	78	3	analysis	analysis	NOUN
ajfa-12492	78	4	was	be	AUX
ajfa-12492	78	5	applied	apply	VERB
ajfa-12492	78	6	and	and	CCONJ
ajfa-12492	78	7	result	result	NOUN
ajfa-12492	78	8	of	of	ADP
ajfa-12492	78	9	the	the	DET
ajfa-12492	78	10	finding	finding	NOUN
ajfa-12492	78	11	showed	show	VERB
ajfa-12492	78	12	that	that	SCONJ
ajfa-12492	78	13	there	there	PRON
ajfa-12492	78	14	was	be	VERB
ajfa-12492	78	15	inverse	inverse	NOUN
ajfa-12492	78	16	relationship	relationship	NOUN
ajfa-12492	78	17	between	between	ADP
ajfa-12492	78	18	mtbv	mtbv	PROPN
ajfa-12492	78	19	,	,	PUNCT
ajfa-12492	78	20	ptcf	ptcf	PROPN
ajfa-12492	78	21	,	,	PUNCT
ajfa-12492	78	22	masr	masr	PROPN
ajfa-12492	78	23	and	and	CCONJ
ajfa-12492	78	24	financial	financial	ADJ
ajfa-12492	78	25	transparency	transparency	NOUN
ajfa-12492	78	26	confirming	confirm	VERB
ajfa-12492	78	27	aksu	aksu	PROPN
ajfa-12492	78	28	and	and	CCONJ
ajfa-12492	78	29	asian	asian	ADJ
ajfa-12492	78	30	journal	journal	NOUN
ajfa-12492	78	31	of	of	ADP
ajfa-12492	78	32	finance	finance	PROPN
ajfa-12492	78	33	&	&	CCONJ
ajfa-12492	78	34	accounting	accounting	PROPN
ajfa-12492	78	35	issn	issn	PROPN
ajfa-12492	78	36	1946	1946	NUM
ajfa-12492	78	37	-	-	PUNCT
ajfa-12492	78	38	052x	052x	NOUN
ajfa-12492	78	39	2018	2018	NUM
ajfa-12492	78	40	,	,	PUNCT
ajfa-12492	78	41	vol	vol	NOUN
ajfa-12492	78	42	.	.	PROPN
ajfa-12492	79	1	10	10	NUM
ajfa-12492	79	2	,	,	PUNCT
ajfa-12492	79	3	no	no	INTJ
ajfa-12492	79	4	.	.	NOUN
ajfa-12492	79	5	1	1	NUM
ajfa-12492	79	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	79	7	6	6	NUM
ajfa-12492	79	8	kosedag	kosedag	NOUN
ajfa-12492	79	9	(	(	PUNCT
ajfa-12492	79	10	2006	2006	NUM
ajfa-12492	79	11	)	)	PUNCT
ajfa-12492	79	12	findings	finding	NOUN
ajfa-12492	79	13	.	.	PUNCT
ajfa-12492	80	1	however	however	ADV
ajfa-12492	80	2	,	,	PUNCT
ajfa-12492	80	3	pe	pe	PROPN
ajfa-12492	80	4	ratio	ratio	NOUN
ajfa-12492	80	5	showed	show	VERB
ajfa-12492	80	6	a	a	DET
ajfa-12492	80	7	direct	direct	ADJ
ajfa-12492	80	8	relationship	relationship	NOUN
ajfa-12492	80	9	with	with	ADP
ajfa-12492	80	10	financial	financial	ADJ
ajfa-12492	80	11	transparency	transparency	NOUN
ajfa-12492	80	12	.	.	PUNCT
ajfa-12492	81	1	iatridis	iatridis	NOUN
ajfa-12492	81	2	(	(	PUNCT
ajfa-12492	81	3	2008	2008	NUM
ajfa-12492	81	4	)	)	PUNCT
ajfa-12492	81	5	examined	examine	VERB
ajfa-12492	81	6	accounting	accounting	NOUN
ajfa-12492	81	7	disclosure	disclosure	NOUN
ajfa-12492	81	8	and	and	CCONJ
ajfa-12492	81	9	financial	financial	ADJ
ajfa-12492	81	10	attributes	attribute	NOUN
ajfa-12492	81	11	in	in	ADP
ajfa-12492	81	12	the	the	DET
ajfa-12492	81	13	uk	uk	PROPN
ajfa-12492	81	14	market	market	NOUN
ajfa-12492	81	15	.	.	PUNCT
ajfa-12492	82	1	among	among	ADP
ajfa-12492	82	2	the	the	DET
ajfa-12492	82	3	key	key	ADJ
ajfa-12492	82	4	accounting	accounting	NOUN
ajfa-12492	82	5	attributes	attribute	NOUN
ajfa-12492	82	6	is	be	AUX
ajfa-12492	82	7	risk	risk	NOUN
ajfa-12492	82	8	exposure	exposure	NOUN
ajfa-12492	82	9	disclosure	disclosure	NOUN
ajfa-12492	82	10	.	.	PUNCT
ajfa-12492	83	1	firms	firm	NOUN
ajfa-12492	83	2	ought	ought	AUX
ajfa-12492	83	3	to	to	PART
ajfa-12492	83	4	disclosure	disclosure	VERB
ajfa-12492	83	5	for	for	ADP
ajfa-12492	83	6	assurance	assurance	NOUN
ajfa-12492	83	7	that	that	SCONJ
ajfa-12492	83	8	they	they	PRON
ajfa-12492	83	9	are	be	AUX
ajfa-12492	83	10	still	still	ADV
ajfa-12492	83	11	in	in	ADP
ajfa-12492	83	12	line	line	NOUN
ajfa-12492	83	13	with	with	ADP
ajfa-12492	83	14	the	the	DET
ajfa-12492	83	15	accounting	accounting	NOUN
ajfa-12492	83	16	regulation	regulation	NOUN
ajfa-12492	83	17	.	.	PUNCT
ajfa-12492	84	1	iatridis	iatridis	PROPN
ajfa-12492	84	2	also	also	ADV
ajfa-12492	84	3	argues	argue	VERB
ajfa-12492	84	4	that	that	SCONJ
ajfa-12492	84	5	for	for	SCONJ
ajfa-12492	84	6	a	a	DET
ajfa-12492	84	7	firm	firm	NOUN
ajfa-12492	84	8	to	to	PART
ajfa-12492	84	9	raise	raise	VERB
ajfa-12492	84	10	capital	capital	NOUN
ajfa-12492	84	11	in	in	ADP
ajfa-12492	84	12	the	the	DET
ajfa-12492	84	13	debt	debt	NOUN
ajfa-12492	84	14	markets	market	VERB
ajfa-12492	84	15	an	an	DET
ajfa-12492	84	16	extensive	extensive	ADJ
ajfa-12492	84	17	risk	risk	NOUN
ajfa-12492	84	18	disclosure	disclosure	NOUN
ajfa-12492	84	19	is	be	AUX
ajfa-12492	84	20	necessary	necessary	ADJ
ajfa-12492	84	21	since	since	SCONJ
ajfa-12492	84	22	it	it	PRON
ajfa-12492	84	23	improves	improve	VERB
ajfa-12492	84	24	companies	company	NOUN
ajfa-12492	84	25	’	'	PUNCT
ajfa-12492	84	26	image	image	NOUN
ajfa-12492	84	27	as	as	ADV
ajfa-12492	84	28	well	well	ADV
ajfa-12492	84	29	as	as	ADP
ajfa-12492	84	30	communicating	communicate	VERB
ajfa-12492	84	31	to	to	ADP
ajfa-12492	84	32	stakeholders	stakeholder	NOUN
ajfa-12492	84	33	how	how	SCONJ
ajfa-12492	84	34	best	good	ADJ
ajfa-12492	84	35	manager	manager	NOUN
ajfa-12492	84	36	are	be	AUX
ajfa-12492	84	37	in	in	ADP
ajfa-12492	84	38	managing	manage	VERB
ajfa-12492	84	39	risks	risk	NOUN
ajfa-12492	84	40	.	.	PUNCT
ajfa-12492	85	1	linsmeier	linsmeier	NOUN
ajfa-12492	85	2	,	,	PUNCT
ajfa-12492	85	3	thornton	thornton	PROPN
ajfa-12492	85	4	,	,	PUNCT
ajfa-12492	85	5	venkatachalam	venkatachalam	PROPN
ajfa-12492	85	6	&	&	CCONJ
ajfa-12492	85	7	welker	welker	PROPN
ajfa-12492	85	8	(	(	PUNCT
ajfa-12492	85	9	2002	2002	NUM
ajfa-12492	85	10	)	)	PUNCT
ajfa-12492	85	11	in	in	ADP
ajfa-12492	85	12	a	a	DET
ajfa-12492	85	13	study	study	NOUN
ajfa-12492	85	14	of	of	ADP
ajfa-12492	85	15	the	the	DET
ajfa-12492	85	16	impact	impact	NOUN
ajfa-12492	85	17	of	of	ADP
ajfa-12492	85	18	risk	risk	NOUN
ajfa-12492	85	19	disclosure	disclosure	NOUN
ajfa-12492	85	20	on	on	ADP
ajfa-12492	85	21	trading	trading	NOUN
ajfa-12492	85	22	volume	volume	NOUN
ajfa-12492	85	23	sensitivity	sensitivity	NOUN
ajfa-12492	85	24	to	to	ADP
ajfa-12492	85	25	interest	interest	NOUN
ajfa-12492	85	26	and	and	CCONJ
ajfa-12492	85	27	exchange	exchange	NOUN
ajfa-12492	85	28	rate	rate	NOUN
ajfa-12492	85	29	observed	observe	VERB
ajfa-12492	85	30	that	that	SCONJ
ajfa-12492	85	31	stock	stock	NOUN
ajfa-12492	85	32	prices	price	NOUN
ajfa-12492	85	33	and	and	CCONJ
ajfa-12492	85	34	risk	risk	NOUN
ajfa-12492	85	35	transparency	transparency	NOUN
ajfa-12492	85	36	have	have	AUX
ajfa-12492	85	37	got	get	VERB
ajfa-12492	85	38	a	a	DET
ajfa-12492	85	39	positive	positive	ADJ
ajfa-12492	85	40	correlation	correlation	NOUN
ajfa-12492	85	41	.	.	PUNCT
ajfa-12492	86	1	this	this	PRON
ajfa-12492	86	2	can	can	AUX
ajfa-12492	86	3	probably	probably	ADV
ajfa-12492	86	4	be	be	AUX
ajfa-12492	86	5	explained	explain	VERB
ajfa-12492	86	6	due	due	ADP
ajfa-12492	86	7	to	to	ADP
ajfa-12492	86	8	shareholders	shareholder	NOUN
ajfa-12492	86	9	being	be	AUX
ajfa-12492	86	10	aware	aware	ADJ
ajfa-12492	86	11	of	of	ADP
ajfa-12492	86	12	the	the	DET
ajfa-12492	86	13	inherent	inherent	ADJ
ajfa-12492	86	14	risks	risk	NOUN
ajfa-12492	86	15	and	and	CCONJ
ajfa-12492	86	16	therefore	therefore	ADV
ajfa-12492	86	17	coming	come	VERB
ajfa-12492	86	18	up	up	ADP
ajfa-12492	86	19	with	with	ADP
ajfa-12492	86	20	mitigating	mitigate	VERB
ajfa-12492	86	21	mechanisms	mechanism	NOUN
ajfa-12492	86	22	.	.	PUNCT
ajfa-12492	87	1	according	accord	VERB
ajfa-12492	87	2	to	to	ADP
ajfa-12492	87	3	stakeholder	stakeholder	PROPN
ajfa-12492	87	4	theory	theory	NOUN
ajfa-12492	87	5	,	,	PUNCT
ajfa-12492	87	6	companies	company	NOUN
ajfa-12492	87	7	with	with	ADP
ajfa-12492	87	8	high	high	ADJ
ajfa-12492	87	9	degree	degree	NOUN
ajfa-12492	87	10	risk	risk	NOUN
ajfa-12492	87	11	should	should	AUX
ajfa-12492	87	12	disclose	disclose	VERB
ajfa-12492	87	13	the	the	DET
ajfa-12492	87	14	most	most	ADJ
ajfa-12492	87	15	amount	amount	NOUN
ajfa-12492	87	16	of	of	ADP
ajfa-12492	87	17	risk	risk	NOUN
ajfa-12492	87	18	related	relate	VERB
ajfa-12492	87	19	information	information	NOUN
ajfa-12492	87	20	and	and	CCONJ
ajfa-12492	87	21	explain	explain	VERB
ajfa-12492	87	22	the	the	DET
ajfa-12492	87	23	cause	cause	NOUN
ajfa-12492	87	24	in	in	ADP
ajfa-12492	87	25	an	an	DET
ajfa-12492	87	26	effort	effort	NOUN
ajfa-12492	87	27	to	to	PART
ajfa-12492	87	28	reassure	reassure	VERB
ajfa-12492	87	29	stakeholder	stakeholder	NOUN
ajfa-12492	87	30	that	that	SCONJ
ajfa-12492	87	31	managers	manager	NOUN
ajfa-12492	87	32	are	be	AUX
ajfa-12492	87	33	prepared	prepared	ADJ
ajfa-12492	87	34	to	to	PART
ajfa-12492	87	35	address	address	VERB
ajfa-12492	87	36	these	these	DET
ajfa-12492	87	37	risks	risk	NOUN
ajfa-12492	87	38	(	(	PUNCT
ajfa-12492	87	39	abraham	abraham	PROPN
ajfa-12492	87	40	&	&	CCONJ
ajfa-12492	87	41	cox	cox	PROPN
ajfa-12492	87	42	,	,	PUNCT
ajfa-12492	87	43	2007	2007	NUM
ajfa-12492	87	44	)	)	PUNCT
ajfa-12492	87	45	.	.	PUNCT
ajfa-12492	88	1	bhat	bhat	PROPN
ajfa-12492	88	2	,	,	PUNCT
ajfa-12492	88	3	hope	hope	NOUN
ajfa-12492	88	4	and	and	CCONJ
ajfa-12492	88	5	kang	kang	PROPN
ajfa-12492	88	6	(	(	PUNCT
ajfa-12492	88	7	2006	2006	NUM
ajfa-12492	88	8	)	)	PUNCT
ajfa-12492	88	9	investigated	investigate	VERB
ajfa-12492	88	10	whether	whether	SCONJ
ajfa-12492	88	11	governance	governance	NOUN
ajfa-12492	88	12	transparency	transparency	NOUN
ajfa-12492	88	13	affect	affect	VERB
ajfa-12492	88	14	forecasting	forecasting	NOUN
ajfa-12492	88	15	accuracy	accuracy	NOUN
ajfa-12492	88	16	by	by	ADP
ajfa-12492	88	17	analyst	analyst	NOUN
ajfa-12492	88	18	.	.	PUNCT
ajfa-12492	89	1	a	a	DET
ajfa-12492	89	2	sample	sample	NOUN
ajfa-12492	89	3	of	of	ADP
ajfa-12492	89	4	non	non	ADJ
ajfa-12492	89	5	-	-	ADJ
ajfa-12492	89	6	us	us	PROPN
ajfa-12492	89	7	firm	firm	NOUN
ajfa-12492	89	8	cross	cross	NOUN
ajfa-12492	89	9	-	-	ADJ
ajfa-12492	89	10	listed	listed	ADJ
ajfa-12492	89	11	in	in	ADP
ajfa-12492	89	12	the	the	DET
ajfa-12492	89	13	new	new	PROPN
ajfa-12492	89	14	york	york	PROPN
ajfa-12492	89	15	stock	stock	PROPN
ajfa-12492	89	16	exchange	exchange	PROPN
ajfa-12492	89	17	as	as	SCONJ
ajfa-12492	89	18	american	american	ADJ
ajfa-12492	89	19	depositary	depositary	NOUN
ajfa-12492	89	20	receipts	receipt	NOUN
ajfa-12492	89	21	was	be	AUX
ajfa-12492	89	22	used	use	VERB
ajfa-12492	89	23	covering	cover	VERB
ajfa-12492	89	24	period	period	NOUN
ajfa-12492	89	25	of	of	ADP
ajfa-12492	89	26	10	10	NUM
ajfa-12492	89	27	years	year	NOUN
ajfa-12492	89	28	.	.	PUNCT
ajfa-12492	90	1	governance	governance	NOUN
ajfa-12492	90	2	transparency	transparency	NOUN
ajfa-12492	90	3	was	be	AUX
ajfa-12492	90	4	found	find	VERB
ajfa-12492	90	5	to	to	PART
ajfa-12492	90	6	be	be	AUX
ajfa-12492	90	7	positively	positively	ADV
ajfa-12492	90	8	related	relate	VERB
ajfa-12492	90	9	to	to	ADP
ajfa-12492	90	10	the	the	DET
ajfa-12492	90	11	accuracy	accuracy	NOUN
ajfa-12492	90	12	of	of	ADP
ajfa-12492	90	13	earning	earn	VERB
ajfa-12492	90	14	forecasts	forecast	NOUN
ajfa-12492	90	15	by	by	ADP
ajfa-12492	90	16	analysts	analyst	NOUN
ajfa-12492	90	17	.	.	PUNCT
ajfa-12492	91	1	also	also	ADV
ajfa-12492	91	2	,	,	PUNCT
ajfa-12492	91	3	it	it	PRON
ajfa-12492	91	4	’s	’	VERB
ajfa-12492	91	5	worth	worth	ADJ
ajfa-12492	91	6	noting	note	VERB
ajfa-12492	91	7	that	that	SCONJ
ajfa-12492	91	8	governance	governance	NOUN
ajfa-12492	91	9	transparency	transparency	NOUN
ajfa-12492	91	10	serves	serve	VERB
ajfa-12492	91	11	to	to	PART
ajfa-12492	91	12	explain	explain	VERB
ajfa-12492	91	13	forecasts	forecast	NOUN
ajfa-12492	91	14	when	when	SCONJ
ajfa-12492	91	15	the	the	DET
ajfa-12492	91	16	financial	financial	ADJ
ajfa-12492	91	17	transparency	transparency	NOUN
ajfa-12492	91	18	is	be	AUX
ajfa-12492	91	19	low	low	ADJ
ajfa-12492	91	20	.	.	PUNCT
ajfa-12492	92	1	stiglbauer	stiglbauer	NOUN
ajfa-12492	92	2	(	(	PUNCT
ajfa-12492	92	3	2010	2010	NUM
ajfa-12492	92	4	)	)	PUNCT
ajfa-12492	92	5	investigated	investigate	VERB
ajfa-12492	92	6	the	the	DET
ajfa-12492	92	7	transparency	transparency	NOUN
ajfa-12492	92	8	and	and	CCONJ
ajfa-12492	92	9	disclosure	disclosure	NOUN
ajfa-12492	92	10	of	of	ADP
ajfa-12492	92	11	corporate	corporate	ADJ
ajfa-12492	92	12	governance	governance	NOUN
ajfa-12492	92	13	in	in	ADP
ajfa-12492	92	14	determining	determine	VERB
ajfa-12492	92	15	germany	germany	PROPN
ajfa-12492	92	16	companies	company	NOUN
ajfa-12492	92	17	’	'	PUNCT
ajfa-12492	92	18	success	success	NOUN
ajfa-12492	92	19	.	.	PUNCT
ajfa-12492	93	1	100	100	NUM
ajfa-12492	93	2	germany	germany	PROPN
ajfa-12492	93	3	firms	firm	NOUN
ajfa-12492	93	4	listed	list	VERB
ajfa-12492	93	5	in	in	ADP
ajfa-12492	93	6	the	the	DET
ajfa-12492	93	7	prime	prime	ADJ
ajfa-12492	93	8	standard	standard	ADJ
ajfa-12492	93	9	segment	segment	NOUN
ajfa-12492	93	10	were	be	AUX
ajfa-12492	93	11	sampled	sample	VERB
ajfa-12492	93	12	.	.	PUNCT
ajfa-12492	94	1	secondary	secondary	ADJ
ajfa-12492	94	2	data	datum	NOUN
ajfa-12492	94	3	from	from	ADP
ajfa-12492	94	4	compliance	compliance	NOUN
ajfa-12492	94	5	statement	statement	NOUN
ajfa-12492	94	6	,	,	PUNCT
ajfa-12492	94	7	annual	annual	ADJ
ajfa-12492	94	8	report	report	NOUN
ajfa-12492	94	9	,	,	PUNCT
ajfa-12492	94	10	compensation	compensation	NOUN
ajfa-12492	94	11	report	report	NOUN
ajfa-12492	94	12	,	,	PUNCT
ajfa-12492	94	13	shareholder	shareholder	NOUN
ajfa-12492	94	14	meetings	meeting	NOUN
ajfa-12492	94	15	,	,	PUNCT
ajfa-12492	94	16	code	code	NOUN
ajfa-12492	94	17	of	of	ADP
ajfa-12492	94	18	conduct	conduct	NOUN
ajfa-12492	94	19	and	and	CCONJ
ajfa-12492	94	20	companies	company	NOUN
ajfa-12492	94	21	’	'	PUNCT
ajfa-12492	94	22	websites	website	NOUN
ajfa-12492	94	23	were	be	AUX
ajfa-12492	94	24	used	use	VERB
ajfa-12492	94	25	.	.	PUNCT
ajfa-12492	95	1	firm	firm	ADJ
ajfa-12492	95	2	performance	performance	NOUN
ajfa-12492	95	3	was	be	AUX
ajfa-12492	95	4	assessed	assess	VERB
ajfa-12492	95	5	using	use	VERB
ajfa-12492	95	6	market	market	NOUN
ajfa-12492	95	7	to	to	ADP
ajfa-12492	95	8	book	book	NOUN
ajfa-12492	95	9	value	value	NOUN
ajfa-12492	95	10	of	of	ADP
ajfa-12492	95	11	equity	equity	NOUN
ajfa-12492	95	12	and	and	CCONJ
ajfa-12492	95	13	total	total	ADJ
ajfa-12492	95	14	shareholder	shareholder	NOUN
ajfa-12492	95	15	return	return	NOUN
ajfa-12492	95	16	.	.	PUNCT
ajfa-12492	96	1	governance	governance	NOUN
ajfa-12492	96	2	transparency	transparency	NOUN
ajfa-12492	96	3	and	and	CCONJ
ajfa-12492	96	4	disclosure	disclosure	NOUN
ajfa-12492	96	5	was	be	AUX
ajfa-12492	96	6	indicated	indicate	VERB
ajfa-12492	96	7	by	by	ADP
ajfa-12492	96	8	disclosure	disclosure	NOUN
ajfa-12492	96	9	index	index	NOUN
ajfa-12492	96	10	prepared	prepare	VERB
ajfa-12492	96	11	as	as	ADP
ajfa-12492	96	12	per	per	ADP
ajfa-12492	96	13	the	the	DET
ajfa-12492	96	14	germany	germany	PROPN
ajfa-12492	96	15	regulation	regulation	NOUN
ajfa-12492	96	16	.	.	PUNCT
ajfa-12492	97	1	it	it	PRON
ajfa-12492	97	2	was	be	AUX
ajfa-12492	97	3	established	establish	VERB
ajfa-12492	97	4	that	that	SCONJ
ajfa-12492	97	5	there	there	PRON
ajfa-12492	97	6	exists	exist	VERB
ajfa-12492	97	7	a	a	DET
ajfa-12492	97	8	significant	significant	ADJ
ajfa-12492	97	9	positive	positive	ADJ
ajfa-12492	97	10	relationship	relationship	NOUN
ajfa-12492	97	11	between	between	ADP
ajfa-12492	97	12	corporate	corporate	ADJ
ajfa-12492	97	13	governance	governance	NOUN
ajfa-12492	97	14	transparency	transparency	NOUN
ajfa-12492	97	15	and	and	CCONJ
ajfa-12492	97	16	disclosure	disclosure	NOUN
ajfa-12492	97	17	with	with	ADP
ajfa-12492	97	18	firm	firm	ADJ
ajfa-12492	97	19	performance	performance	NOUN
ajfa-12492	97	20	using	use	VERB
ajfa-12492	97	21	content	content	NOUN
ajfa-12492	97	22	analysis	analysis	NOUN
ajfa-12492	97	23	.	.	PUNCT
ajfa-12492	98	1	molenkamp	molenkamp	PROPN
ajfa-12492	98	2	(	(	PUNCT
ajfa-12492	98	3	2005	2005	NUM
ajfa-12492	98	4	)	)	PUNCT
ajfa-12492	98	5	in	in	ADP
ajfa-12492	98	6	a	a	DET
ajfa-12492	98	7	survey	survey	NOUN
ajfa-12492	98	8	by	by	ADP
ajfa-12492	98	9	kpmg	kpmg	PROPN
ajfa-12492	98	10	discussed	discuss	VERB
ajfa-12492	98	11	the	the	DET
ajfa-12492	98	12	social	social	ADJ
ajfa-12492	98	13	transparency	transparency	NOUN
ajfa-12492	98	14	benefits	benefit	NOUN
ajfa-12492	98	15	.	.	PUNCT
ajfa-12492	99	1	it	it	PRON
ajfa-12492	99	2	was	be	AUX
ajfa-12492	99	3	seen	see	VERB
ajfa-12492	99	4	that	that	SCONJ
ajfa-12492	99	5	innovation	innovation	NOUN
ajfa-12492	99	6	,	,	PUNCT
ajfa-12492	99	7	customized	customize	VERB
ajfa-12492	99	8	to	to	PART
ajfa-12492	99	9	help	help	VERB
ajfa-12492	99	10	the	the	DET
ajfa-12492	99	11	stakeholders	stakeholder	NOUN
ajfa-12492	99	12	and	and	CCONJ
ajfa-12492	99	13	enhanced	enhance	VERB
ajfa-12492	99	14	corporate	corporate	ADJ
ajfa-12492	99	15	relationship	relationship	NOUN
ajfa-12492	99	16	made	make	VERB
ajfa-12492	99	17	firm	firm	ADJ
ajfa-12492	99	18	to	to	PART
ajfa-12492	99	19	enjoy	enjoy	VERB
ajfa-12492	99	20	long	long	ADJ
ajfa-12492	99	21	term	term	NOUN
ajfa-12492	99	22	benefits	benefit	NOUN
ajfa-12492	99	23	.	.	PUNCT
ajfa-12492	100	1	a	a	DET
ajfa-12492	100	2	firm	firm	NOUN
ajfa-12492	100	3	that	that	PRON
ajfa-12492	100	4	engage	engage	VERB
ajfa-12492	100	5	in	in	ADP
ajfa-12492	100	6	corporate	corporate	ADJ
ajfa-12492	100	7	social	social	ADJ
ajfa-12492	100	8	responsibility	responsibility	NOUN
ajfa-12492	100	9	and	and	CCONJ
ajfa-12492	100	10	discloses	disclose	VERB
ajfa-12492	100	11	the	the	DET
ajfa-12492	100	12	same	same	ADJ
ajfa-12492	100	13	in	in	ADP
ajfa-12492	100	14	their	their	PRON
ajfa-12492	100	15	reports	report	NOUN
ajfa-12492	100	16	they	they	PRON
ajfa-12492	100	17	are	be	AUX
ajfa-12492	100	18	deemed	deem	VERB
ajfa-12492	100	19	to	to	PART
ajfa-12492	100	20	raise	raise	VERB
ajfa-12492	100	21	the	the	DET
ajfa-12492	100	22	esteem	esteem	NOUN
ajfa-12492	100	23	of	of	ADP
ajfa-12492	100	24	the	the	DET
ajfa-12492	100	25	firms	firm	NOUN
ajfa-12492	100	26	.	.	PUNCT
ajfa-12492	101	1	such	such	ADJ
ajfa-12492	101	2	firms	firm	NOUN
ajfa-12492	101	3	are	be	AUX
ajfa-12492	101	4	found	find	VERB
ajfa-12492	101	5	to	to	PART
ajfa-12492	101	6	have	have	VERB
ajfa-12492	101	7	a	a	DET
ajfa-12492	101	8	competitive	competitive	ADJ
ajfa-12492	101	9	advantage	advantage	NOUN
ajfa-12492	101	10	over	over	ADP
ajfa-12492	101	11	other	other	ADJ
ajfa-12492	101	12	firms	firm	NOUN
ajfa-12492	101	13	as	as	SCONJ
ajfa-12492	101	14	they	they	PRON
ajfa-12492	101	15	are	be	AUX
ajfa-12492	101	16	considered	consider	VERB
ajfa-12492	101	17	to	to	PART
ajfa-12492	101	18	be	be	AUX
ajfa-12492	101	19	social	social	ADJ
ajfa-12492	101	20	,	,	PUNCT
ajfa-12492	101	21	friendly	friendly	ADJ
ajfa-12492	101	22	and	and	CCONJ
ajfa-12492	101	23	thus	thus	ADV
ajfa-12492	101	24	the	the	DET
ajfa-12492	101	25	firms	firm	NOUN
ajfa-12492	101	26	will	will	AUX
ajfa-12492	101	27	able	able	ADJ
ajfa-12492	101	28	to	to	PART
ajfa-12492	101	29	meet	meet	VERB
ajfa-12492	101	30	their	their	PRON
ajfa-12492	101	31	long	long	ADJ
ajfa-12492	101	32	term	term	NOUN
ajfa-12492	101	33	and	and	CCONJ
ajfa-12492	101	34	short	short	ADJ
ajfa-12492	101	35	-	-	PUNCT
ajfa-12492	101	36	term	term	NOUN
ajfa-12492	101	37	goals	goal	NOUN
ajfa-12492	101	38	.	.	PUNCT
ajfa-12492	102	1	tsoutsoura	tsoutsoura	NOUN
ajfa-12492	102	2	(	(	PUNCT
ajfa-12492	102	3	2004	2004	NUM
ajfa-12492	102	4	)	)	PUNCT
ajfa-12492	102	5	studied	study	VERB
ajfa-12492	102	6	the	the	DET
ajfa-12492	102	7	impact	impact	NOUN
ajfa-12492	102	8	of	of	ADP
ajfa-12492	102	9	corporate	corporate	ADJ
ajfa-12492	102	10	social	social	ADJ
ajfa-12492	102	11	responsibility	responsibility	NOUN
ajfa-12492	102	12	disclosure	disclosure	NOUN
ajfa-12492	102	13	and	and	CCONJ
ajfa-12492	102	14	financial	financial	ADJ
ajfa-12492	102	15	performance	performance	NOUN
ajfa-12492	102	16	of	of	ADP
ajfa-12492	102	17	s&p	s&p	PROPN
ajfa-12492	102	18	500	500	NUM
ajfa-12492	102	19	firms	firm	NOUN
ajfa-12492	102	20	for	for	ADP
ajfa-12492	102	21	a	a	DET
ajfa-12492	102	22	period	period	NOUN
ajfa-12492	102	23	of	of	ADP
ajfa-12492	102	24	five	five	NUM
ajfa-12492	102	25	years	year	NOUN
ajfa-12492	102	26	.	.	PUNCT
ajfa-12492	103	1	financial	financial	ADJ
ajfa-12492	103	2	performance	performance	NOUN
ajfa-12492	103	3	was	be	AUX
ajfa-12492	103	4	measured	measure	VERB
ajfa-12492	103	5	using	use	VERB
ajfa-12492	103	6	accounting	accounting	NOUN
ajfa-12492	103	7	variables	variable	NOUN
ajfa-12492	103	8	for	for	ADP
ajfa-12492	103	9	profitability	profitability	NOUN
ajfa-12492	103	10	that	that	PRON
ajfa-12492	103	11	is	be	AUX
ajfa-12492	103	12	return	return	NOUN
ajfa-12492	103	13	on	on	ADP
ajfa-12492	103	14	assets	asset	NOUN
ajfa-12492	103	15	(	(	PUNCT
ajfa-12492	103	16	roa	roa	NOUN
ajfa-12492	103	17	)	)	PUNCT
ajfa-12492	103	18	,	,	PUNCT
ajfa-12492	103	19	return	return	VERB
ajfa-12492	103	20	on	on	ADP
ajfa-12492	103	21	asian	asian	ADJ
ajfa-12492	103	22	journal	journal	NOUN
ajfa-12492	103	23	of	of	ADP
ajfa-12492	103	24	finance	finance	PROPN
ajfa-12492	103	25	&	&	CCONJ
ajfa-12492	103	26	accounting	accounting	PROPN
ajfa-12492	103	27	issn	issn	PROPN
ajfa-12492	103	28	1946	1946	NUM
ajfa-12492	103	29	-	-	PUNCT
ajfa-12492	103	30	052x	052x	NOUN
ajfa-12492	103	31	2018	2018	NUM
ajfa-12492	103	32	,	,	PUNCT
ajfa-12492	103	33	vol	vol	NOUN
ajfa-12492	103	34	.	.	PROPN
ajfa-12492	104	1	10	10	NUM
ajfa-12492	104	2	,	,	PUNCT
ajfa-12492	104	3	no	no	INTJ
ajfa-12492	104	4	.	.	NOUN
ajfa-12492	104	5	1	1	NUM
ajfa-12492	104	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	104	7	7	7	NUM
ajfa-12492	104	8	equity	equity	NOUN
ajfa-12492	104	9	(	(	PUNCT
ajfa-12492	104	10	roe	roe	PROPN
ajfa-12492	104	11	)	)	PUNCT
ajfa-12492	104	12	and	and	CCONJ
ajfa-12492	104	13	return	return	VERB
ajfa-12492	104	14	on	on	ADP
ajfa-12492	104	15	sales	sale	NOUN
ajfa-12492	104	16	(	(	PUNCT
ajfa-12492	104	17	ros	ros	PROPN
ajfa-12492	104	18	)	)	PUNCT
ajfa-12492	104	19	and	and	CCONJ
ajfa-12492	104	20	social	social	ADJ
ajfa-12492	104	21	transparency	transparency	NOUN
ajfa-12492	104	22	was	be	AUX
ajfa-12492	104	23	cross	cross	NOUN
ajfa-12492	104	24	checked	check	VERB
ajfa-12492	104	25	with	with	ADP
ajfa-12492	104	26	the	the	DET
ajfa-12492	104	27	prepared	prepared	ADJ
ajfa-12492	104	28	list	list	NOUN
ajfa-12492	104	29	of	of	ADP
ajfa-12492	104	30	corporate	corporate	ADJ
ajfa-12492	104	31	social	social	ADJ
ajfa-12492	104	32	indices	index	NOUN
ajfa-12492	104	33	.	.	PUNCT
ajfa-12492	105	1	by	by	ADP
ajfa-12492	105	2	applying	apply	VERB
ajfa-12492	105	3	regression	regression	NOUN
ajfa-12492	105	4	for	for	ADP
ajfa-12492	105	5	panel	panel	NOUN
ajfa-12492	105	6	data	datum	NOUN
ajfa-12492	105	7	,	,	PUNCT
ajfa-12492	105	8	results	result	NOUN
ajfa-12492	105	9	indicated	indicate	VERB
ajfa-12492	105	10	positive	positive	ADJ
ajfa-12492	105	11	and	and	CCONJ
ajfa-12492	105	12	significant	significant	ADJ
ajfa-12492	105	13	relationships	relationship	NOUN
ajfa-12492	105	14	,	,	PUNCT
ajfa-12492	105	15	confirming	confirm	VERB
ajfa-12492	105	16	the	the	DET
ajfa-12492	105	17	view	view	NOUN
ajfa-12492	105	18	that	that	SCONJ
ajfa-12492	105	19	social	social	ADJ
ajfa-12492	105	20	responsibility	responsibility	NOUN
ajfa-12492	105	21	can	can	AUX
ajfa-12492	105	22	be	be	AUX
ajfa-12492	105	23	associated	associate	VERB
ajfa-12492	105	24	with	with	ADP
ajfa-12492	105	25	a	a	DET
ajfa-12492	105	26	series	series	NOUN
ajfa-12492	105	27	of	of	ADP
ajfa-12492	105	28	bottom	bottom	ADJ
ajfa-12492	105	29	line	line	NOUN
ajfa-12492	105	30	benefits	benefit	NOUN
ajfa-12492	105	31	.	.	PUNCT
ajfa-12492	106	1	the	the	DET
ajfa-12492	106	2	choice	choice	NOUN
ajfa-12492	106	3	of	of	ADP
ajfa-12492	106	4	the	the	DET
ajfa-12492	106	5	regression	regression	NOUN
ajfa-12492	106	6	analysis	analysis	NOUN
ajfa-12492	106	7	was	be	AUX
ajfa-12492	106	8	inappropriate	inappropriate	ADJ
ajfa-12492	106	9	for	for	SCONJ
ajfa-12492	106	10	a	a	DET
ajfa-12492	106	11	time	time	NOUN
ajfa-12492	106	12	series	series	NOUN
ajfa-12492	106	13	data	datum	NOUN
ajfa-12492	106	14	and	and	CCONJ
ajfa-12492	106	15	in	in	ADP
ajfa-12492	106	16	this	this	DET
ajfa-12492	106	17	case	case	NOUN
ajfa-12492	106	18	panel	panel	NOUN
ajfa-12492	106	19	data	datum	NOUN
ajfa-12492	106	20	should	should	AUX
ajfa-12492	106	21	have	have	AUX
ajfa-12492	106	22	been	be	AUX
ajfa-12492	106	23	analysed	analyse	VERB
ajfa-12492	106	24	by	by	ADP
ajfa-12492	106	25	time	time	NOUN
ajfa-12492	106	26	series	series	NOUN
ajfa-12492	106	27	or	or	CCONJ
ajfa-12492	106	28	path	path	NOUN
ajfa-12492	106	29	analysis	analysis	NOUN
ajfa-12492	106	30	.	.	PUNCT
ajfa-12492	107	1	3	3	X
ajfa-12492	107	2	.	.	X
ajfa-12492	107	3	methodology	methodology	NOUN
ajfa-12492	107	4	3.1	3.1	NUM
ajfa-12492	107	5	research	research	NOUN
ajfa-12492	107	6	design	design	NOUN
ajfa-12492	107	7	in	in	ADP
ajfa-12492	107	8	the	the	DET
ajfa-12492	107	9	current	current	ADJ
ajfa-12492	107	10	study	study	NOUN
ajfa-12492	107	11	both	both	CCONJ
ajfa-12492	107	12	descriptive	descriptive	ADJ
ajfa-12492	107	13	and	and	CCONJ
ajfa-12492	107	14	correlation	correlation	NOUN
ajfa-12492	107	15	research	research	NOUN
ajfa-12492	107	16	designs	design	NOUN
ajfa-12492	107	17	were	be	AUX
ajfa-12492	107	18	applied	apply	VERB
ajfa-12492	107	19	.	.	PUNCT
ajfa-12492	108	1	kothari	kothari	PROPN
ajfa-12492	108	2	(	(	PUNCT
ajfa-12492	108	3	2011	2011	NUM
ajfa-12492	108	4	)	)	PUNCT
ajfa-12492	108	5	argued	argue	VERB
ajfa-12492	108	6	that	that	SCONJ
ajfa-12492	108	7	through	through	ADP
ajfa-12492	108	8	descriptive	descriptive	ADJ
ajfa-12492	108	9	survey	survey	NOUN
ajfa-12492	108	10	design	design	VERB
ajfa-12492	108	11	the	the	DET
ajfa-12492	108	12	research	research	NOUN
ajfa-12492	108	13	seeks	seek	VERB
ajfa-12492	108	14	to	to	PART
ajfa-12492	108	15	describe	describe	VERB
ajfa-12492	108	16	the	the	DET
ajfa-12492	108	17	situation	situation	NOUN
ajfa-12492	108	18	as	as	SCONJ
ajfa-12492	108	19	it	it	PRON
ajfa-12492	108	20	is	be	AUX
ajfa-12492	108	21	.	.	PUNCT
ajfa-12492	109	1	they	they	PRON
ajfa-12492	109	2	were	be	AUX
ajfa-12492	109	3	appropriate	appropriate	ADJ
ajfa-12492	109	4	for	for	ADP
ajfa-12492	109	5	the	the	DET
ajfa-12492	109	6	current	current	ADJ
ajfa-12492	109	7	study	study	NOUN
ajfa-12492	109	8	since	since	SCONJ
ajfa-12492	109	9	the	the	DET
ajfa-12492	109	10	researcher	researcher	NOUN
ajfa-12492	109	11	seeks	seek	VERB
ajfa-12492	109	12	to	to	PART
ajfa-12492	109	13	describe	describe	VERB
ajfa-12492	109	14	the	the	DET
ajfa-12492	109	15	level	level	NOUN
ajfa-12492	109	16	of	of	ADP
ajfa-12492	109	17	corporate	corporate	ADJ
ajfa-12492	109	18	transparency	transparency	NOUN
ajfa-12492	109	19	among	among	ADP
ajfa-12492	109	20	companies	company	NOUN
ajfa-12492	109	21	listed	list	VERB
ajfa-12492	109	22	in	in	ADP
ajfa-12492	109	23	east	east	PROPN
ajfa-12492	109	24	africa	africa	PROPN
ajfa-12492	109	25	.	.	PUNCT
ajfa-12492	110	1	correlation	correlation	NOUN
ajfa-12492	110	2	design	design	NOUN
ajfa-12492	110	3	is	be	AUX
ajfa-12492	110	4	used	use	VERB
ajfa-12492	110	5	to	to	PART
ajfa-12492	110	6	explain	explain	VERB
ajfa-12492	110	7	the	the	DET
ajfa-12492	110	8	causal	causal	ADJ
ajfa-12492	110	9	relationship	relationship	NOUN
ajfa-12492	110	10	between	between	ADP
ajfa-12492	110	11	the	the	DET
ajfa-12492	110	12	dependent	dependent	ADJ
ajfa-12492	110	13	and	and	CCONJ
ajfa-12492	110	14	independent	independent	ADJ
ajfa-12492	110	15	variables	variable	NOUN
ajfa-12492	110	16	(	(	PUNCT
ajfa-12492	110	17	oso	oso	PROPN
ajfa-12492	110	18	&	&	CCONJ
ajfa-12492	110	19	onen	onen	PROPN
ajfa-12492	110	20	,	,	PUNCT
ajfa-12492	110	21	2009	2009	NUM
ajfa-12492	110	22	;	;	PUNCT
ajfa-12492	110	23	mugenda	mugenda	PROPN
ajfa-12492	110	24	&	&	CCONJ
ajfa-12492	110	25	mugenda	mugenda	ADJ
ajfa-12492	110	26	,	,	PUNCT
ajfa-12492	110	27	2009	2009	NUM
ajfa-12492	110	28	;	;	PUNCT
ajfa-12492	110	29	kothari	kothari	PROPN
ajfa-12492	110	30	,	,	PUNCT
ajfa-12492	110	31	2011	2011	NUM
ajfa-12492	110	32	)	)	PUNCT
ajfa-12492	110	33	.	.	PUNCT
ajfa-12492	111	1	3.2	3.2	NUM
ajfa-12492	111	2	sample	sample	NOUN
ajfa-12492	111	3	size	size	NOUN
ajfa-12492	111	4	in	in	ADP
ajfa-12492	111	5	the	the	DET
ajfa-12492	111	6	current	current	ADJ
ajfa-12492	111	7	study	study	NOUN
ajfa-12492	111	8	purposive	purposive	NOUN
ajfa-12492	111	9	sampling	sampling	NOUN
ajfa-12492	111	10	was	be	AUX
ajfa-12492	111	11	used	use	VERB
ajfa-12492	111	12	select	select	ADJ
ajfa-12492	111	13	companies	company	NOUN
ajfa-12492	111	14	which	which	PRON
ajfa-12492	111	15	have	have	AUX
ajfa-12492	111	16	been	be	AUX
ajfa-12492	111	17	quoted	quote	VERB
ajfa-12492	111	18	for	for	ADP
ajfa-12492	111	19	last	last	ADJ
ajfa-12492	111	20	10	10	NUM
ajfa-12492	111	21	years	year	NOUN
ajfa-12492	111	22	in	in	ADP
ajfa-12492	111	23	the	the	DET
ajfa-12492	111	24	east	east	ADJ
ajfa-12492	111	25	african	african	ADJ
ajfa-12492	111	26	stock	stock	NOUN
ajfa-12492	111	27	exchanges	exchange	NOUN
ajfa-12492	111	28	among	among	ADP
ajfa-12492	111	29	51	51	NUM
ajfa-12492	111	30	companies	company	NOUN
ajfa-12492	111	31	which	which	PRON
ajfa-12492	111	32	have	have	AUX
ajfa-12492	111	33	been	be	AUX
ajfa-12492	111	34	quoted	quote	VERB
ajfa-12492	111	35	in	in	ADP
ajfa-12492	111	36	nairobi	nairobi	PROPN
ajfa-12492	111	37	securities	securities	PROPN
ajfa-12492	111	38	exchange	exchange	NOUN
ajfa-12492	111	39	,	,	PUNCT
ajfa-12492	111	40	16	16	NUM
ajfa-12492	111	41	companies	company	NOUN
ajfa-12492	111	42	quoted	quote	VERB
ajfa-12492	111	43	in	in	ADP
ajfa-12492	111	44	uganda	uganda	PROPN
ajfa-12492	111	45	securities	securities	PROPN
ajfa-12492	111	46	exchange	exchange	NOUN
ajfa-12492	111	47	,	,	PUNCT
ajfa-12492	111	48	7	7	NUM
ajfa-12492	111	49	companies	company	NOUN
ajfa-12492	111	50	which	which	PRON
ajfa-12492	111	51	has	have	AUX
ajfa-12492	111	52	been	be	AUX
ajfa-12492	111	53	quoted	quote	VERB
ajfa-12492	111	54	in	in	ADP
ajfa-12492	111	55	rwanda	rwanda	PROPN
ajfa-12492	111	56	securities	security	NOUN
ajfa-12492	111	57	exchange	exchange	NOUN
ajfa-12492	111	58	and	and	CCONJ
ajfa-12492	111	59	24	24	NUM
ajfa-12492	111	60	companies	company	NOUN
ajfa-12492	111	61	listed	list	VERB
ajfa-12492	111	62	in	in	ADP
ajfa-12492	111	63	daresaalam	daresaalam	PROPN
ajfa-12492	111	64	securities	security	NOUN
ajfa-12492	111	65	exchange	exchange	NOUN
ajfa-12492	111	66	between	between	ADP
ajfa-12492	111	67	2006	2006	NUM
ajfa-12492	111	68	to	to	ADP
ajfa-12492	111	69	2015	2015	NUM
ajfa-12492	111	70	.	.	PUNCT
ajfa-12492	112	1	in	in	ADP
ajfa-12492	112	2	total	total	ADJ
ajfa-12492	112	3	80	80	NUM
ajfa-12492	112	4	listed	list	VERB
ajfa-12492	112	5	companies	company	NOUN
ajfa-12492	112	6	were	be	AUX
ajfa-12492	112	7	considered	consider	VERB
ajfa-12492	112	8	yielding	yield	VERB
ajfa-12492	112	9	70	70	NUM
ajfa-12492	112	10	%	%	NOUN
ajfa-12492	112	11	of	of	ADP
ajfa-12492	112	12	the	the	DET
ajfa-12492	112	13	target	target	NOUN
ajfa-12492	112	14	population	population	NOUN
ajfa-12492	112	15	.	.	PUNCT
ajfa-12492	113	1	3.3	3.3	NUM
ajfa-12492	113	2	data	datum	NOUN
ajfa-12492	113	3	collection	collection	NOUN
ajfa-12492	113	4	the	the	DET
ajfa-12492	113	5	study	study	NOUN
ajfa-12492	113	6	used	use	VERB
ajfa-12492	113	7	secondary	secondary	ADJ
ajfa-12492	113	8	data	datum	NOUN
ajfa-12492	113	9	drawn	draw	VERB
ajfa-12492	113	10	from	from	ADP
ajfa-12492	113	11	financial	financial	ADJ
ajfa-12492	113	12	report	report	NOUN
ajfa-12492	113	13	of	of	ADP
ajfa-12492	113	14	listed	list	VERB
ajfa-12492	113	15	firms	firm	NOUN
ajfa-12492	113	16	.	.	PUNCT
ajfa-12492	114	1	to	to	PART
ajfa-12492	114	2	collect	collect	VERB
ajfa-12492	114	3	data	datum	NOUN
ajfa-12492	114	4	,	,	PUNCT
ajfa-12492	114	5	the	the	DET
ajfa-12492	114	6	researcher	researcher	NOUN
ajfa-12492	114	7	will	will	AUX
ajfa-12492	114	8	use	use	VERB
ajfa-12492	114	9	the	the	DET
ajfa-12492	114	10	nairobi	nairobi	PROPN
ajfa-12492	114	11	securities	securities	PROPN
ajfa-12492	114	12	exchange	exchange	PROPN
ajfa-12492	114	13	hand	hand	NOUN
ajfa-12492	114	14	books	book	NOUN
ajfa-12492	114	15	and	and	CCONJ
ajfa-12492	114	16	website	website	NOUN
ajfa-12492	114	17	,	,	PUNCT
ajfa-12492	114	18	uganda	uganda	PROPN
ajfa-12492	114	19	securities	securities	PROPN
ajfa-12492	114	20	exchange	exchange	PROPN
ajfa-12492	114	21	website	website	NOUN
ajfa-12492	114	22	,	,	PUNCT
ajfa-12492	114	23	daresalaam	daresalaam	PROPN
ajfa-12492	114	24	stock	stock	PROPN
ajfa-12492	114	25	exchange	exchange	PROPN
ajfa-12492	114	26	and	and	CCONJ
ajfa-12492	114	27	rwanda	rwanda	PROPN
ajfa-12492	114	28	stock	stock	PROPN
ajfa-12492	114	29	exchange	exchange	PROPN
ajfa-12492	114	30	website	website	NOUN
ajfa-12492	114	31	and	and	CCONJ
ajfa-12492	114	32	companies	company	NOUN
ajfa-12492	114	33	’	'	PUNCT
ajfa-12492	114	34	annual	annual	ADJ
ajfa-12492	114	35	reports	report	NOUN
ajfa-12492	114	36	accessed	access	VERB
ajfa-12492	114	37	through	through	ADP
ajfa-12492	114	38	their	their	PRON
ajfa-12492	114	39	offices	office	NOUN
ajfa-12492	114	40	.	.	PUNCT
ajfa-12492	115	1	where	where	SCONJ
ajfa-12492	115	2	the	the	DET
ajfa-12492	115	3	researcher	researcher	NOUN
ajfa-12492	115	4	will	will	AUX
ajfa-12492	115	5	not	not	PART
ajfa-12492	115	6	access	access	VERB
ajfa-12492	115	7	the	the	DET
ajfa-12492	115	8	required	require	VERB
ajfa-12492	115	9	information	information	NOUN
ajfa-12492	115	10	in	in	ADP
ajfa-12492	115	11	the	the	DET
ajfa-12492	115	12	stated	state	VERB
ajfa-12492	115	13	medium	medium	NOUN
ajfa-12492	115	14	personally	personally	ADV
ajfa-12492	115	15	visited	visit	VERB
ajfa-12492	115	16	the	the	DET
ajfa-12492	115	17	specific	specific	ADJ
ajfa-12492	115	18	company	company	NOUN
ajfa-12492	115	19	office	office	NOUN
ajfa-12492	115	20	.	.	PUNCT
ajfa-12492	116	1	therefore	therefore	ADV
ajfa-12492	116	2	,	,	PUNCT
ajfa-12492	116	3	the	the	DET
ajfa-12492	116	4	main	main	ADJ
ajfa-12492	116	5	data	data	NOUN
ajfa-12492	116	6	collection	collection	NOUN
ajfa-12492	116	7	instrument	instrument	NOUN
ajfa-12492	116	8	for	for	ADP
ajfa-12492	116	9	the	the	DET
ajfa-12492	116	10	secondary	secondary	ADJ
ajfa-12492	116	11	data	datum	NOUN
ajfa-12492	116	12	was	be	AUX
ajfa-12492	116	13	document	document	NOUN
ajfa-12492	116	14	disclosure	disclosure	NOUN
ajfa-12492	116	15	check	check	NOUN
ajfa-12492	116	16	index	index	NOUN
ajfa-12492	116	17	on	on	ADP
ajfa-12492	116	18	the	the	DET
ajfa-12492	116	19	specific	specific	ADJ
ajfa-12492	116	20	study	study	NOUN
ajfa-12492	116	21	variables	variable	NOUN
ajfa-12492	116	22	.	.	PUNCT
ajfa-12492	117	1	scoring	scoring	NOUN
ajfa-12492	117	2	approach	approach	NOUN
ajfa-12492	117	3	was	be	AUX
ajfa-12492	117	4	used	use	VERB
ajfa-12492	117	5	on	on	ADP
ajfa-12492	117	6	all	all	DET
ajfa-12492	117	7	the	the	DET
ajfa-12492	117	8	items	item	NOUN
ajfa-12492	117	9	as	as	SCONJ
ajfa-12492	117	10	provided	provide	VERB
ajfa-12492	117	11	in	in	ADP
ajfa-12492	117	12	the	the	DET
ajfa-12492	117	13	transparency	transparency	NOUN
ajfa-12492	117	14	index	index	NOUN
ajfa-12492	117	15	from	from	ADP
ajfa-12492	117	16	which	which	PRON
ajfa-12492	117	17	an	an	DET
ajfa-12492	117	18	overall	overall	ADJ
ajfa-12492	117	19	score	score	NOUN
ajfa-12492	117	20	was	be	AUX
ajfa-12492	117	21	calculated	calculate	VERB
ajfa-12492	117	22	,	,	PUNCT
ajfa-12492	117	23	if	if	SCONJ
ajfa-12492	117	24	a	a	DET
ajfa-12492	117	25	company	company	NOUN
ajfa-12492	117	26	has	have	AUX
ajfa-12492	117	27	provided	provide	VERB
ajfa-12492	117	28	the	the	DET
ajfa-12492	117	29	information	information	NOUN
ajfa-12492	117	30	it	it	PRON
ajfa-12492	117	31	gets	get	VERB
ajfa-12492	117	32	one	one	NUM
ajfa-12492	117	33	(	(	PUNCT
ajfa-12492	117	34	1	1	NUM
ajfa-12492	117	35	)	)	PUNCT
ajfa-12492	117	36	otherwise	otherwise	ADV
ajfa-12492	117	37	it	it	PRON
ajfa-12492	117	38	will	will	AUX
ajfa-12492	117	39	be	be	AUX
ajfa-12492	117	40	awarded	award	VERB
ajfa-12492	117	41	zero	zero	NUM
ajfa-12492	117	42	(	(	PUNCT
ajfa-12492	117	43	0	0	NUM
ajfa-12492	117	44	)	)	PUNCT
ajfa-12492	117	45	.	.	PUNCT
ajfa-12492	118	1	level	level	NOUN
ajfa-12492	118	2	of	of	ADP
ajfa-12492	118	3	disclosure	disclosure	NOUN
ajfa-12492	118	4	for	for	ADP
ajfa-12492	118	5	every	every	DET
ajfa-12492	118	6	item	item	NOUN
ajfa-12492	118	7	will	will	AUX
ajfa-12492	118	8	be	be	AUX
ajfa-12492	118	9	calculated	calculate	VERB
ajfa-12492	118	10	as	as	ADP
ajfa-12492	118	11	:	:	PUNCT
ajfa-12492	118	12	level	level	NOUN
ajfa-12492	118	13	of	of	ADP
ajfa-12492	118	14	disclosure	disclosure	NOUN
ajfa-12492	118	15	=	=	SYM
ajfa-12492	118	16	actual	actual	ADJ
ajfa-12492	118	17	items	item	NOUN
ajfa-12492	118	18	disclosed	disclose	VERB
ajfa-12492	118	19	total	total	ADJ
ajfa-12492	118	20	possible	possible	ADJ
ajfa-12492	118	21	items	item	NOUN
ajfa-12492	118	22	in	in	ADP
ajfa-12492	118	23	the	the	DET
ajfa-12492	118	24	index	index	NOUN
ajfa-12492	118	25	3.4	3.4	NUM
ajfa-12492	118	26	data	datum	NOUN
ajfa-12492	118	27	processing	processing	NOUN
ajfa-12492	118	28	and	and	CCONJ
ajfa-12492	118	29	analysis	analysis	NOUN
ajfa-12492	118	30	the	the	DET
ajfa-12492	118	31	regression	regression	NOUN
ajfa-12492	118	32	model	model	NOUN
ajfa-12492	118	33	used	use	VERB
ajfa-12492	118	34	in	in	ADP
ajfa-12492	118	35	the	the	DET
ajfa-12492	118	36	analysis	analysis	NOUN
ajfa-12492	118	37	will	will	AUX
ajfa-12492	118	38	be	be	AUX
ajfa-12492	118	39	as	as	SCONJ
ajfa-12492	118	40	follows	follow	VERB
ajfa-12492	118	41	:	:	PUNCT
ajfa-12492	118	42	asian	asian	ADJ
ajfa-12492	118	43	journal	journal	NOUN
ajfa-12492	118	44	of	of	ADP
ajfa-12492	118	45	finance	finance	PROPN
ajfa-12492	118	46	&	&	CCONJ
ajfa-12492	118	47	accounting	accounting	PROPN
ajfa-12492	118	48	issn	issn	PROPN
ajfa-12492	118	49	1946	1946	NUM
ajfa-12492	118	50	-	-	PUNCT
ajfa-12492	118	51	052x	052x	NOUN
ajfa-12492	118	52	2018	2018	NUM
ajfa-12492	118	53	,	,	PUNCT
ajfa-12492	118	54	vol	vol	NOUN
ajfa-12492	118	55	.	.	PROPN
ajfa-12492	119	1	10	10	NUM
ajfa-12492	119	2	,	,	PUNCT
ajfa-12492	119	3	no	no	INTJ
ajfa-12492	119	4	.	.	NOUN
ajfa-12492	119	5	1	1	NUM
ajfa-12492	119	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	119	7	8	8	NUM
ajfa-12492	119	8	yit	yit	NOUN
ajfa-12492	119	9	=	=	PROPN
ajfa-12492	119	10	β0	β0	PROPN
ajfa-12492	120	1	+	+	CCONJ
ajfa-12492	120	2	β1x1it	β1x1it	PUNCT
ajfa-12492	121	1	+	+	CCONJ
ajfa-12492	121	2	β2x2it	β2x2it	PUNCT
ajfa-12492	122	1	+	+	CCONJ
ajfa-12492	122	2	β3x3it	β3x3it	NUM
ajfa-12492	123	1	+	+	CCONJ
ajfa-12492	123	2	β4x4it	β4x4it	PUNCT
ajfa-12492	124	1	+	+	CCONJ
ajfa-12492	124	2	ѐ	ѐ	VERB
ajfa-12492	124	3	it	it	PRON
ajfa-12492	124	4	(	(	PUNCT
ajfa-12492	124	5	1	1	NUM
ajfa-12492	124	6	)	)	PUNCT
ajfa-12492	124	7	where	where	SCONJ
ajfa-12492	124	8	;	;	PUNCT
ajfa-12492	124	9	yit	yit	PROPN
ajfa-12492	124	10	represent	represent	VERB
ajfa-12492	124	11	financial	financial	ADJ
ajfa-12492	124	12	performance	performance	NOUN
ajfa-12492	124	13	x1it	x1it	PUNCT
ajfa-12492	124	14	represent	represent	VERB
ajfa-12492	124	15	financial	financial	ADJ
ajfa-12492	124	16	transparency	transparency	NOUN
ajfa-12492	124	17	for	for	ADP
ajfa-12492	124	18	firm	firm	ADJ
ajfa-12492	124	19	i	i	PRON
ajfa-12492	124	20	in	in	ADP
ajfa-12492	124	21	period	period	NOUN
ajfa-12492	124	22	t	t	NOUN
ajfa-12492	124	23	x2it	x2it	PUNCT
ajfa-12492	124	24	represent	represent	VERB
ajfa-12492	124	25	risk	risk	NOUN
ajfa-12492	124	26	transparency	transparency	NOUN
ajfa-12492	124	27	for	for	ADP
ajfa-12492	124	28	firm	firm	ADJ
ajfa-12492	124	29	i	i	PRON
ajfa-12492	124	30	in	in	ADP
ajfa-12492	124	31	period	period	NOUN
ajfa-12492	124	32	t	t	PROPN
ajfa-12492	124	33	x3it	x3it	PUNCT
ajfa-12492	125	1	represent	represent	VERB
ajfa-12492	125	2	governance	governance	NOUN
ajfa-12492	125	3	transparency	transparency	NOUN
ajfa-12492	125	4	for	for	ADP
ajfa-12492	125	5	firm	firm	ADJ
ajfa-12492	125	6	i	i	PRON
ajfa-12492	125	7	in	in	ADP
ajfa-12492	125	8	period	period	NOUN
ajfa-12492	125	9	t	t	PROPN
ajfa-12492	125	10	x4it	x4it	PUNCT
ajfa-12492	125	11	represent	represent	VERB
ajfa-12492	125	12	social	social	ADJ
ajfa-12492	125	13	transparency	transparency	NOUN
ajfa-12492	125	14	for	for	ADP
ajfa-12492	125	15	firm	firm	ADJ
ajfa-12492	125	16	i	i	PRON
ajfa-12492	125	17	in	in	ADP
ajfa-12492	125	18	period	period	NOUN
ajfa-12492	125	19	t	t	PROPN
ajfa-12492	125	20	4	4	NUM
ajfa-12492	125	21	.	.	PUNCT
ajfa-12492	125	22	findings	finding	NOUN
ajfa-12492	125	23	and	and	CCONJ
ajfa-12492	125	24	discussions	discussion	NOUN
ajfa-12492	125	25	4.2	4.2	NUM
ajfa-12492	125	26	descriptive	descriptive	ADJ
ajfa-12492	125	27	statistics	statistic	NOUN
ajfa-12492	125	28	as	as	SCONJ
ajfa-12492	125	29	shown	show	VERB
ajfa-12492	125	30	in	in	ADP
ajfa-12492	125	31	table	table	NOUN
ajfa-12492	125	32	4.1	4.1	NUM
ajfa-12492	125	33	the	the	DET
ajfa-12492	125	34	average	average	ADJ
ajfa-12492	125	35	return	return	NOUN
ajfa-12492	125	36	on	on	ADP
ajfa-12492	125	37	asset	asset	NOUN
ajfa-12492	125	38	was	be	AUX
ajfa-12492	125	39	9.9	9.9	NUM
ajfa-12492	125	40	%	%	NOUN
ajfa-12492	125	41	with	with	ADP
ajfa-12492	125	42	a	a	DET
ajfa-12492	125	43	minimum	minimum	ADJ
ajfa-12492	125	44	loss	loss	NOUN
ajfa-12492	125	45	of	of	ADP
ajfa-12492	125	46	70	70	NUM
ajfa-12492	125	47	%	%	NOUN
ajfa-12492	125	48	and	and	CCONJ
ajfa-12492	125	49	maximum	maximum	ADJ
ajfa-12492	125	50	profit	profit	NOUN
ajfa-12492	125	51	of	of	ADP
ajfa-12492	125	52	58	58	NUM
ajfa-12492	125	53	%	%	NOUN
ajfa-12492	125	54	.	.	PUNCT
ajfa-12492	126	1	further	far	ADV
ajfa-12492	126	2	the	the	DET
ajfa-12492	126	3	distribution	distribution	NOUN
ajfa-12492	126	4	was	be	AUX
ajfa-12492	126	5	skewed	skew	VERB
ajfa-12492	126	6	to	to	ADP
ajfa-12492	126	7	the	the	DET
ajfa-12492	126	8	right	right	NOUN
ajfa-12492	126	9	since	since	SCONJ
ajfa-12492	126	10	the	the	DET
ajfa-12492	126	11	skewness	skewness	NOUN
ajfa-12492	126	12	coefficient	coefficient	NOUN
ajfa-12492	126	13	was	be	AUX
ajfa-12492	126	14	0.196	0.196	NUM
ajfa-12492	126	15	,	,	PUNCT
ajfa-12492	126	16	the	the	DET
ajfa-12492	126	17	data	datum	NOUN
ajfa-12492	126	18	was	be	AUX
ajfa-12492	126	19	not	not	PART
ajfa-12492	126	20	normally	normally	ADV
ajfa-12492	126	21	distributed	distribute	VERB
ajfa-12492	126	22	because	because	SCONJ
ajfa-12492	126	23	the	the	DET
ajfa-12492	126	24	p	p	NOUN
ajfa-12492	126	25	value	value	NOUN
ajfa-12492	126	26	for	for	ADP
ajfa-12492	126	27	jarque	jarque	NOUN
ajfa-12492	126	28	berra	berra	PROPN
ajfa-12492	126	29	was	be	AUX
ajfa-12492	126	30	less	less	ADJ
ajfa-12492	126	31	than	than	ADP
ajfa-12492	126	32	0.05	0.05	NUM
ajfa-12492	126	33	.	.	PUNCT
ajfa-12492	127	1	although	although	SCONJ
ajfa-12492	127	2	,	,	PUNCT
ajfa-12492	127	3	there	there	PRON
ajfa-12492	127	4	were	be	VERB
ajfa-12492	127	5	fluctuations	fluctuation	NOUN
ajfa-12492	127	6	on	on	ADP
ajfa-12492	127	7	the	the	DET
ajfa-12492	127	8	return	return	NOUN
ajfa-12492	127	9	on	on	ADP
ajfa-12492	127	10	investment	investment	NOUN
ajfa-12492	127	11	as	as	SCONJ
ajfa-12492	127	12	accounted	account	VERB
ajfa-12492	127	13	for	for	ADP
ajfa-12492	127	14	by	by	ADP
ajfa-12492	127	15	standard	standard	ADJ
ajfa-12492	127	16	deviation	deviation	NOUN
ajfa-12492	127	17	of	of	ADP
ajfa-12492	127	18	0.127	0.127	NUM
ajfa-12492	127	19	,	,	PUNCT
ajfa-12492	127	20	the	the	DET
ajfa-12492	127	21	ventures	venture	NOUN
ajfa-12492	127	22	were	be	AUX
ajfa-12492	127	23	generally	generally	ADV
ajfa-12492	127	24	profitable	profitable	ADJ
ajfa-12492	127	25	and	and	CCONJ
ajfa-12492	127	26	they	they	PRON
ajfa-12492	127	27	gave	give	VERB
ajfa-12492	127	28	returns	return	NOUN
ajfa-12492	127	29	to	to	ADP
ajfa-12492	127	30	investors	investor	NOUN
ajfa-12492	127	31	.	.	PUNCT
ajfa-12492	128	1	concerning	concern	VERB
ajfa-12492	128	2	the	the	DET
ajfa-12492	128	3	level	level	NOUN
ajfa-12492	128	4	of	of	ADP
ajfa-12492	128	5	financial	financial	ADJ
ajfa-12492	128	6	transparency	transparency	NOUN
ajfa-12492	128	7	it	it	PRON
ajfa-12492	128	8	averaged	average	VERB
ajfa-12492	128	9	at	at	ADP
ajfa-12492	128	10	78	78	NUM
ajfa-12492	128	11	%	%	NOUN
ajfa-12492	128	12	,	,	PUNCT
ajfa-12492	128	13	with	with	ADP
ajfa-12492	128	14	a	a	DET
ajfa-12492	128	15	minimum	minimum	NOUN
ajfa-12492	128	16	of	of	ADP
ajfa-12492	128	17	1	1	NUM
ajfa-12492	128	18	%	%	NOUN
ajfa-12492	128	19	and	and	CCONJ
ajfa-12492	128	20	maximum	maximum	NOUN
ajfa-12492	128	21	of	of	ADP
ajfa-12492	128	22	100	100	NUM
ajfa-12492	128	23	%	%	NOUN
ajfa-12492	128	24	.	.	PUNCT
ajfa-12492	129	1	a	a	DET
ajfa-12492	129	2	scrutiny	scrutiny	NOUN
ajfa-12492	129	3	in	in	ADP
ajfa-12492	129	4	the	the	DET
ajfa-12492	129	5	normality	normality	NOUN
ajfa-12492	129	6	of	of	ADP
ajfa-12492	129	7	depicted	depict	VERB
ajfa-12492	129	8	that	that	SCONJ
ajfa-12492	129	9	the	the	DET
ajfa-12492	129	10	financial	financial	ADJ
ajfa-12492	129	11	transparency	transparency	NOUN
ajfa-12492	129	12	was	be	AUX
ajfa-12492	129	13	not	not	PART
ajfa-12492	129	14	normally	normally	ADV
ajfa-12492	129	15	distributed	distribute	VERB
ajfa-12492	129	16	since	since	SCONJ
ajfa-12492	129	17	the	the	DET
ajfa-12492	129	18	p	p	PROPN
ajfa-12492	129	19	value	value	NOUN
ajfa-12492	129	20	for	for	ADP
ajfa-12492	129	21	jarque	jarque	NOUN
ajfa-12492	129	22	berra	berra	PROPN
ajfa-12492	129	23	test	test	NOUN
ajfa-12492	129	24	was	be	AUX
ajfa-12492	129	25	less	less	ADJ
ajfa-12492	129	26	than	than	ADP
ajfa-12492	129	27	0.05	0.05	NUM
ajfa-12492	129	28	.	.	PUNCT
ajfa-12492	130	1	the	the	DET
ajfa-12492	130	2	data	datum	NOUN
ajfa-12492	130	3	was	be	AUX
ajfa-12492	130	4	skewed	skew	VERB
ajfa-12492	130	5	to	to	ADP
ajfa-12492	130	6	the	the	DET
ajfa-12492	130	7	negative	negative	ADJ
ajfa-12492	130	8	tail	tail	NOUN
ajfa-12492	130	9	of	of	ADP
ajfa-12492	130	10	the	the	DET
ajfa-12492	130	11	normal	normal	ADJ
ajfa-12492	130	12	distribution	distribution	NOUN
ajfa-12492	130	13	.	.	PUNCT
ajfa-12492	131	1	on	on	ADP
ajfa-12492	131	2	average	average	ADJ
ajfa-12492	131	3	listed	list	VERB
ajfa-12492	131	4	companies	company	NOUN
ajfa-12492	131	5	in	in	ADP
ajfa-12492	131	6	east	east	PROPN
ajfa-12492	131	7	africa	africa	PROPN
ajfa-12492	131	8	voluntarily	voluntarily	ADV
ajfa-12492	131	9	disclosed	disclose	VERB
ajfa-12492	131	10	52	52	NUM
ajfa-12492	131	11	%	%	NOUN
ajfa-12492	131	12	of	of	ADP
ajfa-12492	131	13	the	the	DET
ajfa-12492	131	14	risk	risk	NOUN
ajfa-12492	131	15	related	relate	VERB
ajfa-12492	131	16	information	information	NOUN
ajfa-12492	131	17	with	with	ADP
ajfa-12492	131	18	the	the	DET
ajfa-12492	131	19	highest	high	ADJ
ajfa-12492	131	20	companies	company	NOUN
ajfa-12492	131	21	elaborated	elaborate	VERB
ajfa-12492	131	22	on	on	ADP
ajfa-12492	131	23	their	their	PRON
ajfa-12492	131	24	risk	risk	NOUN
ajfa-12492	131	25	exposure	exposure	NOUN
ajfa-12492	131	26	to	to	ADP
ajfa-12492	131	27	the	the	DET
ajfa-12492	131	28	tune	tune	NOUN
ajfa-12492	131	29	of	of	ADP
ajfa-12492	131	30	98	98	NUM
ajfa-12492	131	31	%	%	NOUN
ajfa-12492	131	32	.	.	PUNCT
ajfa-12492	132	1	thirdly	thirdly	ADV
ajfa-12492	132	2	,	,	PUNCT
ajfa-12492	132	3	the	the	DET
ajfa-12492	132	4	average	average	ADJ
ajfa-12492	132	5	level	level	NOUN
ajfa-12492	132	6	of	of	ADP
ajfa-12492	132	7	governance	governance	NOUN
ajfa-12492	132	8	transparency	transparency	NOUN
ajfa-12492	132	9	was	be	AUX
ajfa-12492	132	10	66.4	66.4	NUM
ajfa-12492	132	11	%	%	NOUN
ajfa-12492	132	12	,	,	PUNCT
ajfa-12492	132	13	with	with	ADP
ajfa-12492	132	14	a	a	DET
ajfa-12492	132	15	minimum	minimum	NOUN
ajfa-12492	132	16	of	of	ADP
ajfa-12492	132	17	2	2	NUM
ajfa-12492	132	18	%	%	NOUN
ajfa-12492	132	19	and	and	CCONJ
ajfa-12492	132	20	a	a	DET
ajfa-12492	132	21	maximum	maximum	NOUN
ajfa-12492	132	22	of	of	ADP
ajfa-12492	132	23	98	98	NUM
ajfa-12492	132	24	%	%	NOUN
ajfa-12492	132	25	.	.	PUNCT
ajfa-12492	133	1	the	the	DET
ajfa-12492	133	2	average	average	ADJ
ajfa-12492	133	3	disclosure	disclosure	NOUN
ajfa-12492	133	4	of	of	ADP
ajfa-12492	133	5	social	social	ADJ
ajfa-12492	133	6	transparency	transparency	NOUN
ajfa-12492	133	7	was	be	AUX
ajfa-12492	133	8	32	32	NUM
ajfa-12492	133	9	%	%	NOUN
ajfa-12492	133	10	with	with	ADP
ajfa-12492	133	11	a	a	DET
ajfa-12492	133	12	minimum	minimum	NOUN
ajfa-12492	133	13	of	of	ADP
ajfa-12492	133	14	3	3	NUM
ajfa-12492	133	15	%	%	NOUN
ajfa-12492	133	16	and	and	CCONJ
ajfa-12492	133	17	a	a	DET
ajfa-12492	133	18	maximum	maximum	NOUN
ajfa-12492	133	19	of	of	ADP
ajfa-12492	133	20	100	100	NUM
ajfa-12492	133	21	%	%	NOUN
ajfa-12492	133	22	.	.	PUNCT
ajfa-12492	134	1	social	social	ADJ
ajfa-12492	134	2	transparency	transparency	NOUN
ajfa-12492	134	3	was	be	AUX
ajfa-12492	134	4	skewed	skew	VERB
ajfa-12492	134	5	to	to	ADP
ajfa-12492	134	6	the	the	DET
ajfa-12492	134	7	right	right	NOUN
ajfa-12492	134	8	.	.	PUNCT
ajfa-12492	135	1	table	table	NOUN
ajfa-12492	135	2	4.1	4.1	NUM
ajfa-12492	135	3	.	.	PUNCT
ajfa-12492	136	1	descriptive	descriptive	ADJ
ajfa-12492	136	2	statistics	statistic	NOUN
ajfa-12492	136	3	fp	fp	INTJ
ajfa-12492	136	4	ft	ft	PROPN
ajfa-12492	136	5	rt	rt	PROPN
ajfa-12492	136	6	gt	gt	PROPN
ajfa-12492	136	7	st	st	PROPN
ajfa-12492	136	8	mean	mean	PROPN
ajfa-12492	136	9	0.099	0.099	NUM
ajfa-12492	136	10	0.776	0.776	NUM
ajfa-12492	136	11	0.520	0.520	NUM
ajfa-12492	136	12	0.664	0.664	NUM
ajfa-12492	136	13	0.319	0.319	NUM
ajfa-12492	136	14	median	median	NOUN
ajfa-12492	136	15	0.060	0.060	NUM
ajfa-12492	136	16	0.820	0.820	NUM
ajfa-12492	136	17	0.550	0.550	NUM
ajfa-12492	136	18	0.730	0.730	NUM
ajfa-12492	136	19	0.260	0.260	NUM
ajfa-12492	136	20	maximum	maximum	NOUN
ajfa-12492	136	21	0.580	0.580	NUM
ajfa-12492	136	22	1.000	1.000	NUM
ajfa-12492	136	23	0.980	0.980	NUM
ajfa-12492	136	24	0.970	0.970	NUM
ajfa-12492	136	25	1.000	1.000	NUM
ajfa-12492	136	26	minimum	minimum	NOUN
ajfa-12492	136	27	-0.700	-0.700	NUM
ajfa-12492	136	28	0.010	0.010	NUM
ajfa-12492	136	29	0.040	0.040	NUM
ajfa-12492	136	30	0.020	0.020	NUM
ajfa-12492	136	31	0.030	0.030	NUM
ajfa-12492	136	32	std	std	NOUN
ajfa-12492	136	33	.	.	PUNCT
ajfa-12492	137	1	dev	dev	PROPN
ajfa-12492	137	2	.	.	PUNCT
ajfa-12492	138	1	0.127	0.127	NUM
ajfa-12492	138	2	0.191	0.191	NUM
ajfa-12492	138	3	0.184	0.184	NUM
ajfa-12492	138	4	0.201	0.201	NUM
ajfa-12492	138	5	0.228	0.228	NUM
ajfa-12492	138	6	skewness	skewness	NOUN
ajfa-12492	138	7	0.196	0.196	NUM
ajfa-12492	138	8	-2.336	-2.336	NUM
ajfa-12492	138	9	-0.782	-0.782	X
ajfa-12492	138	10	-1.113	-1.113	NOUN
ajfa-12492	138	11	1.759	1.759	NUM
ajfa-12492	138	12	kurtosis	kurtosis	VERB
ajfa-12492	138	13	8.066	8.066	NUM
ajfa-12492	138	14	8.829	8.829	NUM
ajfa-12492	138	15	2.887	2.887	NUM
ajfa-12492	138	16	3.791	3.791	NUM
ajfa-12492	138	17	5.060	5.060	NUM
ajfa-12492	138	18	jarque	jarque	NOUN
ajfa-12492	138	19	-	-	PUNCT
ajfa-12492	138	20	bera	bera	NOUN
ajfa-12492	138	21	785.264	785.264	NUM
ajfa-12492	138	22	1697.326	1697.326	NUM
ajfa-12492	138	23	74.702	74.702	NUM
ajfa-12492	138	24	169.653	169.653	NUM
ajfa-12492	138	25	505.670	505.670	NUM
ajfa-12492	138	26	probability	probability	NOUN
ajfa-12492	138	27	0.000	0.000	NUM
ajfa-12492	138	28	0.000	0.000	NUM
ajfa-12492	138	29	0.000	0.000	NUM
ajfa-12492	138	30	0.000	0.000	NUM
ajfa-12492	138	31	0.000	0.000	NUM
ajfa-12492	138	32	*	*	PUNCT
ajfa-12492	138	33	fp	fp	ADJ
ajfa-12492	138	34	-	-	PUNCT
ajfa-12492	138	35	financial	financial	ADJ
ajfa-12492	138	36	performance	performance	NOUN
ajfa-12492	138	37	,	,	PUNCT
ajfa-12492	138	38	ft	ft	NOUN
ajfa-12492	138	39	-	-	PUNCT
ajfa-12492	138	40	financial	financial	ADJ
ajfa-12492	138	41	transparency	transparency	NOUN
ajfa-12492	138	42	,	,	PUNCT
ajfa-12492	138	43	rt	rt	ADJ
ajfa-12492	138	44	-	-	PUNCT
ajfa-12492	138	45	risk	risk	NOUN
ajfa-12492	138	46	transparency	transparency	NOUN
ajfa-12492	138	47	,	,	PUNCT
ajfa-12492	138	48	gt	gt	PROPN
ajfa-12492	138	49	–	–	PUNCT
ajfa-12492	138	50	governance	governance	NOUN
ajfa-12492	138	51	transparency	transparency	NOUN
ajfa-12492	138	52	,	,	PUNCT
ajfa-12492	138	53	stsocial	stsocial	ADJ
ajfa-12492	138	54	transparency	transparency	NOUN
ajfa-12492	138	55	asian	asian	PROPN
ajfa-12492	138	56	journal	journal	PROPN
ajfa-12492	138	57	of	of	ADP
ajfa-12492	138	58	finance	finance	PROPN
ajfa-12492	138	59	&	&	CCONJ
ajfa-12492	138	60	accounting	accounting	PROPN
ajfa-12492	138	61	issn	issn	PROPN
ajfa-12492	138	62	1946	1946	NUM
ajfa-12492	138	63	-	-	PUNCT
ajfa-12492	138	64	052x	052x	NOUN
ajfa-12492	138	65	2018	2018	NUM
ajfa-12492	138	66	,	,	PUNCT
ajfa-12492	138	67	vol	vol	NOUN
ajfa-12492	138	68	.	.	PROPN
ajfa-12492	138	69	10	10	NUM
ajfa-12492	138	70	,	,	PUNCT
ajfa-12492	138	71	no	no	INTJ
ajfa-12492	138	72	.	.	NOUN
ajfa-12492	138	73	1	1	NUM
ajfa-12492	138	74	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	138	75	9	9	NUM
ajfa-12492	138	76	4.3	4.3	NUM
ajfa-12492	138	77	diagnostic	diagnostic	ADJ
ajfa-12492	138	78	tests	test	NOUN
ajfa-12492	138	79	4.3.1	4.3.1	VERB
ajfa-12492	138	80	multicollinearity	multicollinearity	NOUN
ajfa-12492	138	81	there	there	PRON
ajfa-12492	138	82	was	be	VERB
ajfa-12492	138	83	no	no	DET
ajfa-12492	138	84	multicollinearity	multicollinearity	NOUN
ajfa-12492	138	85	since	since	SCONJ
ajfa-12492	138	86	none	none	NOUN
ajfa-12492	138	87	of	of	ADP
ajfa-12492	138	88	the	the	DET
ajfa-12492	138	89	correlation	correlation	NOUN
ajfa-12492	138	90	coefficient	coefficient	NOUN
ajfa-12492	138	91	in	in	ADP
ajfa-12492	138	92	absolute	absolute	ADJ
ajfa-12492	138	93	form	form	NOUN
ajfa-12492	138	94	was	be	AUX
ajfa-12492	138	95	greater	great	ADJ
ajfa-12492	138	96	than	than	ADP
ajfa-12492	138	97	0.8	0.8	NUM
ajfa-12492	138	98	,	,	PUNCT
ajfa-12492	138	99	therefore	therefore	ADV
ajfa-12492	138	100	there	there	PRON
ajfa-12492	138	101	was	be	VERB
ajfa-12492	138	102	no	no	DET
ajfa-12492	138	103	multicollinearity	multicollinearity	NOUN
ajfa-12492	138	104	(	(	PUNCT
ajfa-12492	138	105	baltagi	baltagi	ADJ
ajfa-12492	138	106	,	,	PUNCT
ajfa-12492	138	107	2005	2005	NUM
ajfa-12492	138	108	)	)	PUNCT
ajfa-12492	138	109	.	.	PUNCT
ajfa-12492	139	1	according	accord	VERB
ajfa-12492	139	2	to	to	ADP
ajfa-12492	139	3	el	el	NOUN
ajfa-12492	139	4	-	-	PUNCT
ajfa-12492	139	5	dereny	dereny	PROPN
ajfa-12492	139	6	and	and	CCONJ
ajfa-12492	139	7	rashwan	rashwan	PROPN
ajfa-12492	139	8	(	(	PUNCT
ajfa-12492	139	9	2011	2011	NUM
ajfa-12492	139	10	)	)	PUNCT
ajfa-12492	139	11	vif	vif	NOUN
ajfa-12492	139	12	indicate	indicate	VERB
ajfa-12492	139	13	how	how	SCONJ
ajfa-12492	139	14	variance	variance	NOUN
ajfa-12492	139	15	in	in	ADP
ajfa-12492	139	16	the	the	DET
ajfa-12492	139	17	variables	variable	NOUN
ajfa-12492	139	18	is	be	AUX
ajfa-12492	139	19	inflated	inflate	VERB
ajfa-12492	139	20	by	by	ADP
ajfa-12492	139	21	multicollinearity	multicollinearity	NOUN
ajfa-12492	139	22	.	.	PUNCT
ajfa-12492	140	1	hair	hair	NOUN
ajfa-12492	140	2	,	,	PUNCT
ajfa-12492	140	3	ringle	ringle	NOUN
ajfa-12492	140	4	,	,	PUNCT
ajfa-12492	140	5	and	and	CCONJ
ajfa-12492	140	6	sarstedt	sarstedt	NOUN
ajfa-12492	140	7	(	(	PUNCT
ajfa-12492	140	8	2013	2013	NUM
ajfa-12492	140	9	)	)	PUNCT
ajfa-12492	140	10	also	also	ADV
ajfa-12492	140	11	states	state	VERB
ajfa-12492	140	12	that	that	SCONJ
ajfa-12492	140	13	a	a	DET
ajfa-12492	140	14	vif	vif	NOUN
ajfa-12492	140	15	larger	large	ADJ
ajfa-12492	140	16	than	than	ADP
ajfa-12492	140	17	five	five	NUM
ajfa-12492	140	18	indicate	indicate	VERB
ajfa-12492	140	19	poor	poor	ADJ
ajfa-12492	140	20	estimates	estimate	NOUN
ajfa-12492	140	21	.	.	PUNCT
ajfa-12492	141	1	table	table	NOUN
ajfa-12492	141	2	4.2	4.2	NUM
ajfa-12492	141	3	.	.	PUNCT
ajfa-12492	142	1	multicollinearity	multicollinearity	NOUN
ajfa-12492	142	2	collinearity	collinearity	NOUN
ajfa-12492	142	3	statistics	statistic	NOUN
ajfa-12492	142	4	tolerance	tolerance	NOUN
ajfa-12492	142	5	vif	vif	X
ajfa-12492	142	6	financial	financial	ADJ
ajfa-12492	142	7	transparency	transparency	NOUN
ajfa-12492	142	8	0.57	0.57	NUM
ajfa-12492	142	9	1.77	1.77	NUM
ajfa-12492	142	10	risk	risk	NOUN
ajfa-12492	142	11	transparency	transparency	NOUN
ajfa-12492	142	12	0.59	0.59	NUM
ajfa-12492	142	13	1.70	1.70	NUM
ajfa-12492	142	14	governance	governance	NOUN
ajfa-12492	142	15	transparency	transparency	NOUN
ajfa-12492	142	16	0.78	0.78	NUM
ajfa-12492	142	17	1.29	1.29	NUM
ajfa-12492	142	18	social	social	ADJ
ajfa-12492	142	19	transparency	transparency	NOUN
ajfa-12492	142	20	0.90	0.90	NUM
ajfa-12492	142	21	1.12	1.12	NUM
ajfa-12492	142	22	4.3.2	4.3.2	NUM
ajfa-12492	142	23	serial	serial	ADJ
ajfa-12492	142	24	autocorrelation	autocorrelation	NOUN
ajfa-12492	142	25	serial	serial	NOUN
ajfa-12492	142	26	autocorrelation	autocorrelation	NOUN
ajfa-12492	142	27	test	test	NOUN
ajfa-12492	142	28	was	be	AUX
ajfa-12492	142	29	not	not	PART
ajfa-12492	142	30	significant	significant	ADJ
ajfa-12492	142	31	and	and	CCONJ
ajfa-12492	142	32	it	it	PRON
ajfa-12492	142	33	signified	signify	VERB
ajfa-12492	142	34	absence	absence	NOUN
ajfa-12492	142	35	of	of	ADP
ajfa-12492	142	36	first	first	ADJ
ajfa-12492	142	37	order	order	NOUN
ajfa-12492	142	38	autocorrelation	autocorrelation	NOUN
ajfa-12492	142	39	.	.	PUNCT
ajfa-12492	143	1	consistent	consistent	ADJ
ajfa-12492	143	2	with	with	ADP
ajfa-12492	143	3	the	the	DET
ajfa-12492	143	4	early	early	ADJ
ajfa-12492	143	5	study	study	NOUN
ajfa-12492	143	6	of	of	ADP
ajfa-12492	143	7	ntim	ntim	PROPN
ajfa-12492	143	8	et	et	PROPN
ajfa-12492	143	9	al	al	PROPN
ajfa-12492	143	10	.	.	PROPN
ajfa-12492	143	11	,	,	PUNCT
ajfa-12492	143	12	(	(	PUNCT
ajfa-12492	143	13	2012	2012	NUM
ajfa-12492	143	14	)	)	PUNCT
ajfa-12492	143	15	,	,	PUNCT
ajfa-12492	143	16	serial	serial	ADJ
ajfa-12492	143	17	correlation	correlation	NOUN
ajfa-12492	143	18	was	be	AUX
ajfa-12492	143	19	found	find	VERB
ajfa-12492	143	20	not	not	PART
ajfa-12492	143	21	to	to	PART
ajfa-12492	143	22	pose	pose	VERB
ajfa-12492	143	23	problem	problem	NOUN
ajfa-12492	143	24	.	.	PUNCT
ajfa-12492	144	1	4.3.3	4.3.3	DET
ajfa-12492	144	2	heteroskedasticity	heteroskedasticity	NOUN
ajfa-12492	144	3	further	far	ADV
ajfa-12492	144	4	heteroscedasticity	heteroscedasticity	NOUN
ajfa-12492	144	5	test	test	NOUN
ajfa-12492	144	6	was	be	AUX
ajfa-12492	144	7	done	do	VERB
ajfa-12492	144	8	by	by	ADP
ajfa-12492	144	9	use	use	VERB
ajfa-12492	144	10	breusch	breusch	ADJ
ajfa-12492	144	11	-	-	PUNCT
ajfa-12492	144	12	pagan	pagan	ADJ
ajfa-12492	144	13	-	-	PUNCT
ajfa-12492	144	14	godfrey	godfrey	NOUN
ajfa-12492	144	15	(	(	PUNCT
ajfa-12492	144	16	chi	chi	NOUN
ajfa-12492	144	17	)	)	PUNCT
ajfa-12492	144	18	test	test	NOUN
ajfa-12492	144	19	.	.	PUNCT
ajfa-12492	145	1	according	accord	VERB
ajfa-12492	145	2	to	to	ADP
ajfa-12492	145	3	baltagi	baltagi	NOUN
ajfa-12492	145	4	(	(	PUNCT
ajfa-12492	145	5	2005	2005	NUM
ajfa-12492	145	6	)	)	PUNCT
ajfa-12492	145	7	a	a	DET
ajfa-12492	145	8	good	good	ADJ
ajfa-12492	145	9	regression	regression	NOUN
ajfa-12492	145	10	model	model	NOUN
ajfa-12492	145	11	should	should	AUX
ajfa-12492	145	12	not	not	PART
ajfa-12492	145	13	have	have	VERB
ajfa-12492	145	14	heteroscedasticity	heteroscedasticity	NOUN
ajfa-12492	145	15	.	.	PUNCT
ajfa-12492	146	1	results	result	NOUN
ajfa-12492	146	2	in	in	ADP
ajfa-12492	146	3	the	the	DET
ajfa-12492	146	4	study	study	NOUN
ajfa-12492	146	5	tested	test	VERB
ajfa-12492	146	6	the	the	DET
ajfa-12492	146	7	null	null	ADJ
ajfa-12492	146	8	hypotheses	hypothesis	NOUN
ajfa-12492	146	9	that	that	SCONJ
ajfa-12492	146	10	there	there	PRON
ajfa-12492	146	11	was	be	VERB
ajfa-12492	146	12	no	no	DET
ajfa-12492	146	13	heteroscedasticity	heteroscedasticity	NOUN
ajfa-12492	146	14	for	for	ADP
ajfa-12492	146	15	model	model	NOUN
ajfa-12492	146	16	,	,	PUNCT
ajfa-12492	146	17	the	the	DET
ajfa-12492	146	18	test	test	NOUN
ajfa-12492	146	19	result	result	NOUN
ajfa-12492	146	20	yielded	yield	VERB
ajfa-12492	146	21	a	a	DET
ajfa-12492	146	22	chi	chi	ADJ
ajfa-12492	146	23	-	-	PUNCT
ajfa-12492	146	24	square	square	ADJ
ajfa-12492	146	25	value	value	NOUN
ajfa-12492	146	26	of	of	ADP
ajfa-12492	146	27	2.483	2.483	NUM
ajfa-12492	146	28	and	and	CCONJ
ajfa-12492	146	29	p	p	NOUN
ajfa-12492	146	30	value	value	NOUN
ajfa-12492	146	31	>	>	X
ajfa-12492	146	32	0.05	0.05	NUM
ajfa-12492	146	33	in	in	ADP
ajfa-12492	146	34	this	this	DET
ajfa-12492	146	35	case	case	NOUN
ajfa-12492	146	36	p	p	NOUN
ajfa-12492	146	37	values	value	NOUN
ajfa-12492	146	38	was	be	AUX
ajfa-12492	146	39	greater	great	ADJ
ajfa-12492	146	40	than	than	ADP
ajfa-12492	146	41	0.05	0.05	NUM
ajfa-12492	146	42	and	and	CCONJ
ajfa-12492	146	43	not	not	PART
ajfa-12492	146	44	significant	significant	ADJ
ajfa-12492	146	45	thus	thus	ADV
ajfa-12492	146	46	we	we	PRON
ajfa-12492	146	47	did	do	AUX
ajfa-12492	146	48	not	not	PART
ajfa-12492	146	49	reject	reject	VERB
ajfa-12492	146	50	the	the	DET
ajfa-12492	146	51	null	null	ADJ
ajfa-12492	146	52	hypotheses	hypothesis	NOUN
ajfa-12492	146	53	and	and	CCONJ
ajfa-12492	146	54	concluded	conclude	VERB
ajfa-12492	146	55	that	that	SCONJ
ajfa-12492	146	56	heteroscedasticity	heteroscedasticity	NOUN
ajfa-12492	146	57	was	be	AUX
ajfa-12492	146	58	not	not	PART
ajfa-12492	146	59	present	present	ADJ
ajfa-12492	146	60	.	.	PUNCT
ajfa-12492	147	1	table	table	NOUN
ajfa-12492	147	2	4.3	4.3	NUM
ajfa-12492	147	3	.	.	PUNCT
ajfa-12492	148	1	serial	serial	ADJ
ajfa-12492	148	2	autocorrelation	autocorrelation	NOUN
ajfa-12492	148	3	and	and	CCONJ
ajfa-12492	148	4	heteroskedasticity	heteroskedasticity	NOUN
ajfa-12492	148	5	heteroskedasticity	heteroskedasticity	NOUN
ajfa-12492	148	6	test	test	NOUN
ajfa-12492	148	7	χ2	χ2	NOUN
ajfa-12492	148	8	-	-	PUNCT
ajfa-12492	148	9	value	value	NOUN
ajfa-12492	148	10	p	p	NOUN
ajfa-12492	148	11	-	-	PUNCT
ajfa-12492	148	12	value	value	NOUN
ajfa-12492	148	13	2.483	2.483	NUM
ajfa-12492	148	14	0.065	0.065	NUM
ajfa-12492	148	15	serial	serial	ADJ
ajfa-12492	148	16	correlation	correlation	NOUN
ajfa-12492	148	17	f	f	NOUN
ajfa-12492	148	18	-	-	PUNCT
ajfa-12492	148	19	value	value	NOUN
ajfa-12492	148	20	p	p	NOUN
ajfa-12492	148	21	-	-	PUNCT
ajfa-12492	148	22	value	value	NOUN
ajfa-12492	148	23	2.408	2.408	NUM
ajfa-12492	148	24	0.056	0.056	NUM
ajfa-12492	148	25	4.3.4	4.3.4	NUM
ajfa-12492	148	26	stationarity	stationarity	NOUN
ajfa-12492	148	27	tests	test	NOUN
ajfa-12492	148	28	as	as	SCONJ
ajfa-12492	148	29	shown	show	VERB
ajfa-12492	148	30	in	in	ADP
ajfa-12492	148	31	table	table	NOUN
ajfa-12492	148	32	4.4	4.4	NUM
ajfa-12492	148	33	,	,	PUNCT
ajfa-12492	148	34	the	the	DET
ajfa-12492	148	35	null	null	ADJ
ajfa-12492	148	36	hypotheses	hypothesis	NOUN
ajfa-12492	148	37	that	that	PRON
ajfa-12492	148	38	all	all	DET
ajfa-12492	148	39	panels	panel	NOUN
ajfa-12492	148	40	had	have	VERB
ajfa-12492	148	41	unit	unit	NOUN
ajfa-12492	148	42	roots	root	NOUN
ajfa-12492	148	43	for	for	ADP
ajfa-12492	148	44	all	all	DET
ajfa-12492	148	45	variables	variable	NOUN
ajfa-12492	148	46	were	be	AUX
ajfa-12492	148	47	rejected	reject	VERB
ajfa-12492	148	48	at	at	ADP
ajfa-12492	148	49	5	5	NUM
ajfa-12492	148	50	%	%	NOUN
ajfa-12492	148	51	level	level	NOUN
ajfa-12492	148	52	of	of	ADP
ajfa-12492	148	53	significance	significance	NOUN
ajfa-12492	148	54	since	since	SCONJ
ajfa-12492	148	55	the	the	DET
ajfa-12492	148	56	p	p	PROPN
ajfa-12492	148	57	values	value	NOUN
ajfa-12492	148	58	were	be	AUX
ajfa-12492	148	59	less	less	ADJ
ajfa-12492	148	60	than	than	ADP
ajfa-12492	148	61	5	5	NUM
ajfa-12492	148	62	%	%	NOUN
ajfa-12492	148	63	.	.	PUNCT
ajfa-12492	149	1	this	this	PRON
ajfa-12492	149	2	therefore	therefore	ADV
ajfa-12492	149	3	implied	imply	VERB
ajfa-12492	149	4	that	that	SCONJ
ajfa-12492	149	5	all	all	DET
ajfa-12492	149	6	variables	variable	NOUN
ajfa-12492	149	7	were	be	AUX
ajfa-12492	149	8	stationary	stationary	ADJ
ajfa-12492	149	9	and	and	CCONJ
ajfa-12492	149	10	robust	robust	ADJ
ajfa-12492	149	11	regression	regression	NOUN
ajfa-12492	149	12	models	model	NOUN
ajfa-12492	149	13	would	would	AUX
ajfa-12492	149	14	be	be	AUX
ajfa-12492	149	15	fitted	fit	VERB
ajfa-12492	149	16	without	without	ADP
ajfa-12492	149	17	lags	lag	NOUN
ajfa-12492	149	18	(	(	PUNCT
ajfa-12492	149	19	at	at	ADP
ajfa-12492	149	20	levels	level	NOUN
ajfa-12492	149	21	)	)	PUNCT
ajfa-12492	149	22	.	.	PUNCT
ajfa-12492	150	1	asian	asian	ADJ
ajfa-12492	150	2	journal	journal	PROPN
ajfa-12492	150	3	of	of	ADP
ajfa-12492	150	4	finance	finance	PROPN
ajfa-12492	150	5	&	&	CCONJ
ajfa-12492	150	6	accounting	accounting	PROPN
ajfa-12492	150	7	issn	issn	PROPN
ajfa-12492	150	8	1946	1946	NUM
ajfa-12492	150	9	-	-	PUNCT
ajfa-12492	150	10	052x	052x	NOUN
ajfa-12492	150	11	2018	2018	NUM
ajfa-12492	150	12	,	,	PUNCT
ajfa-12492	150	13	vol	vol	NOUN
ajfa-12492	150	14	.	.	PROPN
ajfa-12492	150	15	10	10	NUM
ajfa-12492	150	16	,	,	PUNCT
ajfa-12492	150	17	no	no	INTJ
ajfa-12492	150	18	.	.	NOUN
ajfa-12492	150	19	1	1	NUM
ajfa-12492	150	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	150	21	10	10	NUM
ajfa-12492	150	22	table	table	NOUN
ajfa-12492	150	23	4.4	4.4	NUM
ajfa-12492	150	24	.	.	PUNCT
ajfa-12492	151	1	stationarity	stationarity	NOUN
ajfa-12492	151	2	tests	test	NOUN
ajfa-12492	151	3	method	method	VERB
ajfa-12492	151	4	statistic	statistic	ADJ
ajfa-12492	151	5	prob	prob	NOUN
ajfa-12492	151	6	.	.	PUNCT
ajfa-12492	152	1	*	*	PUNCT
ajfa-12492	152	2	*	*	PUNCT
ajfa-12492	152	3	fp	fp	PROPN
ajfa-12492	152	4	levin	levin	PROPN
ajfa-12492	152	5	,	,	PUNCT
ajfa-12492	152	6	lin	lin	PROPN
ajfa-12492	152	7	&	&	CCONJ
ajfa-12492	152	8	chu	chu	PROPN
ajfa-12492	152	9	t	t	PROPN
ajfa-12492	152	10	*	*	PROPN
ajfa-12492	153	1	-37.253	-37.253	NUM
ajfa-12492	153	2	0.000	0.000	NUM
ajfa-12492	154	1	i	i	PRON
ajfa-12492	154	2	m	m	VERB
ajfa-12492	154	3	,	,	PUNCT
ajfa-12492	154	4	pesaran	pesaran	NOUN
ajfa-12492	154	5	and	and	CCONJ
ajfa-12492	154	6	shin	shin	NOUN
ajfa-12492	154	7	w	w	NOUN
ajfa-12492	154	8	-	-	PUNCT
ajfa-12492	154	9	stat	stat	NOUN
ajfa-12492	154	10	-11.147	-11.147	PROPN
ajfa-12492	154	11	0.000	0.000	NUM
ajfa-12492	154	12	adf	adf	PROPN
ajfa-12492	154	13	fisher	fisher	PROPN
ajfa-12492	154	14	chi	chi	PROPN
ajfa-12492	154	15	-	-	PUNCT
ajfa-12492	154	16	square	square	ADJ
ajfa-12492	154	17	273.374	273.374	NUM
ajfa-12492	154	18	0.000	0.000	NUM
ajfa-12492	154	19	pp	pp	PROPN
ajfa-12492	154	20	fisher	fisher	PROPN
ajfa-12492	154	21	chi	chi	PROPN
ajfa-12492	154	22	-	-	PUNCT
ajfa-12492	154	23	square	square	ADJ
ajfa-12492	154	24	307.054	307.054	NUM
ajfa-12492	154	25	0.000	0.000	NUM
ajfa-12492	154	26	ft	ft	PROPN
ajfa-12492	154	27	levin	levin	PROPN
ajfa-12492	154	28	,	,	PUNCT
ajfa-12492	154	29	lin	lin	PROPN
ajfa-12492	154	30	&	&	CCONJ
ajfa-12492	154	31	chu	chu	PROPN
ajfa-12492	154	32	t	t	PROPN
ajfa-12492	154	33	*	*	PUNCT
ajfa-12492	154	34	-14.264	-14.264	NOUN
ajfa-12492	154	35	0.000	0.000	NUM
ajfa-12492	155	1	i	i	PRON
ajfa-12492	155	2	m	m	VERB
ajfa-12492	155	3	,	,	PUNCT
ajfa-12492	155	4	pesaran	pesaran	NOUN
ajfa-12492	155	5	and	and	CCONJ
ajfa-12492	155	6	shin	shin	NOUN
ajfa-12492	155	7	w	w	ADJ
ajfa-12492	155	8	-	-	PUNCT
ajfa-12492	155	9	stat	stat	NOUN
ajfa-12492	155	10	-7.330	-7.330	PUNCT
ajfa-12492	155	11	0.000	0.000	NUM
ajfa-12492	155	12	adf	adf	PROPN
ajfa-12492	155	13	fisher	fisher	PROPN
ajfa-12492	155	14	chi	chi	PROPN
ajfa-12492	155	15	-	-	PUNCT
ajfa-12492	155	16	square	square	ADJ
ajfa-12492	155	17	312.907	312.907	NUM
ajfa-12492	155	18	0.000	0.000	NUM
ajfa-12492	155	19	pp	pp	PROPN
ajfa-12492	155	20	fisher	fisher	PROPN
ajfa-12492	155	21	chi	chi	PROPN
ajfa-12492	155	22	-	-	PUNCT
ajfa-12492	155	23	square	square	PROPN
ajfa-12492	155	24	323.357	323.357	NUM
ajfa-12492	155	25	0.000	0.000	NUM
ajfa-12492	155	26	rt	rt	PROPN
ajfa-12492	155	27	levin	levin	PROPN
ajfa-12492	155	28	,	,	PUNCT
ajfa-12492	155	29	lin	lin	PROPN
ajfa-12492	155	30	&	&	CCONJ
ajfa-12492	155	31	chu	chu	PROPN
ajfa-12492	155	32	t	t	PROPN
ajfa-12492	155	33	*	*	PROPN
ajfa-12492	155	34	-4.413	-4.413	PROPN
ajfa-12492	155	35	0.000	0.000	NUM
ajfa-12492	156	1	i	i	PRON
ajfa-12492	156	2	m	m	PROPN
ajfa-12492	156	3	,	,	PUNCT
ajfa-12492	156	4	pesaran	pesaran	NOUN
ajfa-12492	156	5	and	and	CCONJ
ajfa-12492	156	6	shin	shin	NOUN
ajfa-12492	157	1	w	w	NOUN
ajfa-12492	157	2	-	-	PUNCT
ajfa-12492	157	3	stat	stat	NOUN
ajfa-12492	157	4	-4.282	-4.282	PUNCT
ajfa-12492	157	5	0.000	0.000	NUM
ajfa-12492	157	6	adf	adf	PROPN
ajfa-12492	157	7	fisher	fisher	PROPN
ajfa-12492	157	8	chi	chi	PROPN
ajfa-12492	157	9	-	-	PUNCT
ajfa-12492	157	10	square	square	ADJ
ajfa-12492	157	11	227.853	227.853	NUM
ajfa-12492	157	12	0.000	0.000	NUM
ajfa-12492	157	13	pp	pp	PROPN
ajfa-12492	157	14	fisher	fisher	PROPN
ajfa-12492	157	15	chi	chi	PROPN
ajfa-12492	157	16	-	-	PUNCT
ajfa-12492	157	17	square	square	PROPN
ajfa-12492	157	18	168.060	168.060	NUM
ajfa-12492	157	19	0.002	0.002	NUM
ajfa-12492	157	20	gt	gt	PROPN
ajfa-12492	157	21	levin	levin	PROPN
ajfa-12492	157	22	,	,	PUNCT
ajfa-12492	157	23	lin	lin	PROPN
ajfa-12492	157	24	&	&	CCONJ
ajfa-12492	157	25	chu	chu	PROPN
ajfa-12492	157	26	t	t	PROPN
ajfa-12492	157	27	*	*	PUNCT
ajfa-12492	157	28	-15.389	-15.389	PROPN
ajfa-12492	157	29	0.000	0.000	NUM
ajfa-12492	157	30	i	i	PRON
ajfa-12492	157	31	m	m	PROPN
ajfa-12492	157	32	,	,	PUNCT
ajfa-12492	157	33	pesaran	pesaran	NOUN
ajfa-12492	157	34	and	and	CCONJ
ajfa-12492	157	35	shin	shin	NOUN
ajfa-12492	157	36	w	w	NOUN
ajfa-12492	157	37	-	-	PUNCT
ajfa-12492	157	38	stat	stat	NOUN
ajfa-12492	157	39	-8.070	-8.070	ADP
ajfa-12492	157	40	0.000	0.000	NUM
ajfa-12492	157	41	adf	adf	PROPN
ajfa-12492	157	42	fisher	fisher	PROPN
ajfa-12492	157	43	chi	chi	PROPN
ajfa-12492	157	44	-	-	PUNCT
ajfa-12492	157	45	square	square	ADJ
ajfa-12492	157	46	321.287	321.287	NUM
ajfa-12492	157	47	0.000	0.000	NUM
ajfa-12492	157	48	pp	pp	PROPN
ajfa-12492	157	49	fisher	fisher	PROPN
ajfa-12492	157	50	chi	chi	PROPN
ajfa-12492	157	51	-	-	PUNCT
ajfa-12492	157	52	square	square	ADJ
ajfa-12492	157	53	334.643	334.643	NUM
ajfa-12492	157	54	0.000	0.000	NUM
ajfa-12492	157	55	st	st	PROPN
ajfa-12492	157	56	levin	levin	PROPN
ajfa-12492	157	57	,	,	PUNCT
ajfa-12492	157	58	lin	lin	PROPN
ajfa-12492	157	59	&	&	CCONJ
ajfa-12492	157	60	chu	chu	PROPN
ajfa-12492	157	61	t	t	PROPN
ajfa-12492	157	62	*	*	PUNCT
ajfa-12492	158	1	-14.148	-14.148	NOUN
ajfa-12492	158	2	0.000	0.000	NUM
ajfa-12492	159	1	i	i	PRON
ajfa-12492	159	2	m	m	VERB
ajfa-12492	159	3	,	,	PUNCT
ajfa-12492	159	4	pesaran	pesaran	NOUN
ajfa-12492	159	5	and	and	CCONJ
ajfa-12492	159	6	shin	shin	NOUN
ajfa-12492	159	7	w	w	NOUN
ajfa-12492	159	8	-	-	PUNCT
ajfa-12492	159	9	stat	stat	NOUN
ajfa-12492	159	10	-7.927	-7.927	PUNCT
ajfa-12492	159	11	0.000	0.000	NUM
ajfa-12492	159	12	adf	adf	PROPN
ajfa-12492	159	13	fisher	fisher	PROPN
ajfa-12492	159	14	chi	chi	PROPN
ajfa-12492	159	15	-	-	PUNCT
ajfa-12492	159	16	square	square	ADJ
ajfa-12492	159	17	329.803	329.803	NUM
ajfa-12492	159	18	0.000	0.000	NUM
ajfa-12492	159	19	pp	pp	PROPN
ajfa-12492	159	20	fisher	fisher	PROPN
ajfa-12492	159	21	chi	chi	PROPN
ajfa-12492	159	22	-	-	PUNCT
ajfa-12492	159	23	square	square	ADJ
ajfa-12492	159	24	363.908	363.908	NUM
ajfa-12492	159	25	0.000	0.000	NUM
ajfa-12492	159	26	4.3.5	4.3.5	NUM
ajfa-12492	159	27	hausman	hausman	ADJ
ajfa-12492	159	28	specifications	specification	NOUN
ajfa-12492	159	29	as	as	SCONJ
ajfa-12492	159	30	shown	show	VERB
ajfa-12492	159	31	in	in	ADP
ajfa-12492	159	32	table	table	NOUN
ajfa-12492	159	33	4.5	4.5	NUM
ajfa-12492	159	34	for	for	ADP
ajfa-12492	159	35	models	model	NOUN
ajfa-12492	159	36	with	with	ADP
ajfa-12492	159	37	and	and	CCONJ
ajfa-12492	159	38	without	without	ADP
ajfa-12492	159	39	moderations	moderation	NOUN
ajfa-12492	159	40	,	,	PUNCT
ajfa-12492	159	41	the	the	DET
ajfa-12492	159	42	null	null	NOUN
ajfa-12492	159	43	was	be	AUX
ajfa-12492	159	44	rejected	reject	VERB
ajfa-12492	159	45	at	at	ADP
ajfa-12492	159	46	5	5	NUM
ajfa-12492	159	47	%	%	NOUN
ajfa-12492	159	48	level	level	NOUN
ajfa-12492	159	49	of	of	ADP
ajfa-12492	159	50	significance	significance	NOUN
ajfa-12492	159	51	since	since	SCONJ
ajfa-12492	159	52	the	the	DET
ajfa-12492	159	53	p	p	PROPN
ajfa-12492	159	54	values	value	NOUN
ajfa-12492	159	55	were	be	AUX
ajfa-12492	159	56	less	less	ADJ
ajfa-12492	159	57	than	than	ADP
ajfa-12492	159	58	0.05	0.05	NUM
ajfa-12492	159	59	.	.	PUNCT
ajfa-12492	160	1	this	this	PRON
ajfa-12492	160	2	implies	imply	VERB
ajfa-12492	160	3	that	that	SCONJ
ajfa-12492	160	4	the	the	DET
ajfa-12492	160	5	most	most	ADV
ajfa-12492	160	6	preferred	preferred	ADJ
ajfa-12492	160	7	models	model	NOUN
ajfa-12492	160	8	were	be	AUX
ajfa-12492	160	9	fixed	fix	VERB
ajfa-12492	160	10	effects	effect	NOUN
ajfa-12492	160	11	and	and	CCONJ
ajfa-12492	160	12	this	this	PRON
ajfa-12492	160	13	was	be	AUX
ajfa-12492	160	14	in	in	ADP
ajfa-12492	160	15	agreement	agreement	NOUN
ajfa-12492	160	16	with	with	ADP
ajfa-12492	160	17	(	(	PUNCT
ajfa-12492	160	18	baltagi	baltagi	ADJ
ajfa-12492	160	19	,	,	PUNCT
ajfa-12492	160	20	2005	2005	NUM
ajfa-12492	160	21	)	)	PUNCT
ajfa-12492	160	22	who	who	PRON
ajfa-12492	160	23	recommended	recommend	VERB
ajfa-12492	160	24	it	it	PRON
ajfa-12492	160	25	.	.	PUNCT
ajfa-12492	161	1	table	table	NOUN
ajfa-12492	161	2	4.5	4.5	NUM
ajfa-12492	161	3	.	.	PUNCT
ajfa-12492	162	1	hausman	hausman	PROPN
ajfa-12492	162	2	specifications	specification	NOUN
ajfa-12492	162	3	test	test	NOUN
ajfa-12492	162	4	summary	summary	NOUN
ajfa-12492	162	5	chi	chi	PROPN
ajfa-12492	162	6	-	-	PUNCT
ajfa-12492	162	7	sq	sq	PROPN
ajfa-12492	162	8	.	.	PROPN
ajfa-12492	162	9	statistic	statistic	ADJ
ajfa-12492	162	10	chi	chi	PROPN
ajfa-12492	162	11	-	-	PUNCT
ajfa-12492	162	12	sq	sq	PROPN
ajfa-12492	162	13	.	.	PUNCT
ajfa-12492	162	14	d.f	d.f	PROPN
ajfa-12492	162	15	.	.	PROPN
ajfa-12492	162	16	prob	prob	PROPN
ajfa-12492	162	17	.	.	PUNCT
ajfa-12492	163	1	69.891	69.891	NUM
ajfa-12492	163	2	4	4	NUM
ajfa-12492	163	3	0.00	0.00	NUM
ajfa-12492	163	4	variable	variable	ADJ
ajfa-12492	163	5	fixed	fix	VERB
ajfa-12492	163	6	random	random	ADJ
ajfa-12492	163	7	var	var	NOUN
ajfa-12492	163	8	(	(	PUNCT
ajfa-12492	163	9	diff	diff	PROPN
ajfa-12492	163	10	.	.	PUNCT
ajfa-12492	163	11	)	)	PUNCT
ajfa-12492	163	12	prob	prob	INTJ
ajfa-12492	163	13	.	.	PUNCT
ajfa-12492	164	1	ft	ft	ADP
ajfa-12492	164	2	0.170	0.170	NUM
ajfa-12492	164	3	0.167	0.167	NUM
ajfa-12492	164	4	0.000	0.000	NUM
ajfa-12492	164	5	0.5428	0.5428	NUM
ajfa-12492	164	6	rt	rt	NOUN
ajfa-12492	164	7	-0.008	-0.008	NOUN
ajfa-12492	164	8	-0.011	-0.011	PUNCT
ajfa-12492	164	9	0.000	0.000	NUM
ajfa-12492	164	10	0.3205	0.3205	NUM
ajfa-12492	164	11	gt	gt	PROPN
ajfa-12492	164	12	0.080	0.080	NUM
ajfa-12492	164	13	0.085	0.085	NUM
ajfa-12492	164	14	0.000	0.000	NUM
ajfa-12492	164	15	0.1668	0.1668	NUM
ajfa-12492	164	16	st	st	NOUN
ajfa-12492	164	17	0.245	0.245	NUM
ajfa-12492	164	18	0.286	0.286	NUM
ajfa-12492	164	19	0.000	0.000	NUM
ajfa-12492	164	20	0.00	0.00	NUM
ajfa-12492	164	21	4.4	4.4	NUM
ajfa-12492	164	22	regression	regression	NOUN
ajfa-12492	164	23	analysis	analysis	NOUN
ajfa-12492	164	24	results	result	NOUN
ajfa-12492	164	25	in	in	ADP
ajfa-12492	164	26	table	table	NOUN
ajfa-12492	164	27	4.3	4.3	NUM
ajfa-12492	164	28	shows	show	VERB
ajfa-12492	164	29	the	the	DET
ajfa-12492	164	30	full	full	ADJ
ajfa-12492	164	31	model	model	NOUN
ajfa-12492	164	32	of	of	ADP
ajfa-12492	164	33	the	the	DET
ajfa-12492	164	34	study	study	NOUN
ajfa-12492	164	35	as	as	SCONJ
ajfa-12492	164	36	conceptualized	conceptualize	VERB
ajfa-12492	164	37	in	in	ADP
ajfa-12492	164	38	the	the	DET
ajfa-12492	164	39	conceptual	conceptual	ADJ
ajfa-12492	164	40	framework	framework	NOUN
ajfa-12492	164	41	.	.	PUNCT
ajfa-12492	165	1	as	as	SCONJ
ajfa-12492	165	2	shown	show	VERB
ajfa-12492	165	3	,	,	PUNCT
ajfa-12492	165	4	the	the	DET
ajfa-12492	165	5	findings	finding	NOUN
ajfa-12492	165	6	indicate	indicate	VERB
ajfa-12492	165	7	an	an	DET
ajfa-12492	165	8	r	r	NOUN
ajfa-12492	165	9	squared	squared	NOUN
ajfa-12492	165	10	of	of	ADP
ajfa-12492	165	11	0.763	0.763	NUM
ajfa-12492	165	12	,	,	PUNCT
ajfa-12492	165	13	which	which	PRON
ajfa-12492	165	14	indicates	indicate	VERB
ajfa-12492	165	15	that	that	SCONJ
ajfa-12492	165	16	76.3	76.3	NUM
ajfa-12492	165	17	%	%	NOUN
ajfa-12492	165	18	of	of	ADP
ajfa-12492	165	19	the	the	DET
ajfa-12492	165	20	variation	variation	NOUN
ajfa-12492	165	21	in	in	ADP
ajfa-12492	165	22	financial	financial	ADJ
ajfa-12492	165	23	performance	performance	NOUN
ajfa-12492	165	24	can	can	AUX
ajfa-12492	165	25	be	be	AUX
ajfa-12492	165	26	explained	explain	VERB
ajfa-12492	165	27	jointly	jointly	ADV
ajfa-12492	165	28	by	by	ADP
ajfa-12492	165	29	financial	financial	ADJ
ajfa-12492	165	30	transparency	transparency	NOUN
ajfa-12492	165	31	,	,	PUNCT
ajfa-12492	165	32	risk	risk	NOUN
ajfa-12492	165	33	transparency	transparency	NOUN
ajfa-12492	165	34	,	,	PUNCT
ajfa-12492	165	35	governance	governance	NOUN
ajfa-12492	165	36	transparency	transparency	NOUN
ajfa-12492	165	37	and	and	CCONJ
ajfa-12492	165	38	social	social	ADJ
ajfa-12492	165	39	transparency	transparency	NOUN
ajfa-12492	165	40	while	while	SCONJ
ajfa-12492	165	41	the	the	DET
ajfa-12492	165	42	asian	asian	ADJ
ajfa-12492	165	43	journal	journal	NOUN
ajfa-12492	165	44	of	of	ADP
ajfa-12492	165	45	finance	finance	PROPN
ajfa-12492	165	46	&	&	CCONJ
ajfa-12492	165	47	accounting	accounting	PROPN
ajfa-12492	165	48	issn	issn	PROPN
ajfa-12492	165	49	1946	1946	NUM
ajfa-12492	165	50	-	-	PUNCT
ajfa-12492	165	51	052x	052x	NOUN
ajfa-12492	165	52	2018	2018	NUM
ajfa-12492	165	53	,	,	PUNCT
ajfa-12492	165	54	vol	vol	NOUN
ajfa-12492	165	55	.	.	PROPN
ajfa-12492	165	56	10	10	NUM
ajfa-12492	165	57	,	,	PUNCT
ajfa-12492	165	58	no	no	INTJ
ajfa-12492	165	59	.	.	NOUN
ajfa-12492	165	60	1	1	NUM
ajfa-12492	165	61	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	165	62	11	11	NUM
ajfa-12492	165	63	remaining	remain	VERB
ajfa-12492	165	64	percentage	percentage	NOUN
ajfa-12492	165	65	can	can	AUX
ajfa-12492	165	66	be	be	AUX
ajfa-12492	165	67	accounted	account	VERB
ajfa-12492	165	68	by	by	ADP
ajfa-12492	165	69	other	other	ADJ
ajfa-12492	165	70	factors	factor	NOUN
ajfa-12492	165	71	.	.	PUNCT
ajfa-12492	166	1	an	an	DET
ajfa-12492	166	2	f	f	X
ajfa-12492	166	3	-	-	PUNCT
ajfa-12492	166	4	statistic	statistic	NOUN
ajfa-12492	166	5	of	of	ADP
ajfa-12492	166	6	27.657	27.657	NUM
ajfa-12492	166	7	with	with	ADP
ajfa-12492	166	8	a	a	DET
ajfa-12492	166	9	p	p	NOUN
ajfa-12492	166	10	value	value	NOUN
ajfa-12492	166	11	of	of	ADP
ajfa-12492	166	12	0.000	0.000	NUM
ajfa-12492	166	13	,	,	PUNCT
ajfa-12492	166	14	indicate	indicate	VERB
ajfa-12492	166	15	a	a	DET
ajfa-12492	166	16	joint	joint	ADJ
ajfa-12492	166	17	significant	significant	ADJ
ajfa-12492	166	18	contribution	contribution	NOUN
ajfa-12492	166	19	of	of	ADP
ajfa-12492	166	20	the	the	DET
ajfa-12492	166	21	study	study	NOUN
ajfa-12492	166	22	variables	variable	NOUN
ajfa-12492	166	23	.	.	PUNCT
ajfa-12492	167	1	there	there	PRON
ajfa-12492	167	2	was	be	VERB
ajfa-12492	167	3	a	a	DET
ajfa-12492	167	4	positive	positive	ADJ
ajfa-12492	167	5	and	and	CCONJ
ajfa-12492	167	6	significant	significant	ADJ
ajfa-12492	167	7	relationship	relationship	NOUN
ajfa-12492	167	8	between	between	ADP
ajfa-12492	167	9	financial	financial	ADJ
ajfa-12492	167	10	transparency	transparency	NOUN
ajfa-12492	167	11	and	and	CCONJ
ajfa-12492	167	12	financial	financial	ADJ
ajfa-12492	167	13	performance	performance	NOUN
ajfa-12492	167	14	(	(	PUNCT
ajfa-12492	167	15	β=0.170	β=0.170	X
ajfa-12492	167	16	,	,	PUNCT
ajfa-12492	167	17	p	p	NOUN
ajfa-12492	167	18	value	value	NOUN
ajfa-12492	167	19	<	<	NOUN
ajfa-12492	167	20	0.05	0.05	NUM
ajfa-12492	167	21	)	)	PUNCT
ajfa-12492	167	22	.	.	PUNCT
ajfa-12492	168	1	this	this	PRON
ajfa-12492	168	2	implies	imply	VERB
ajfa-12492	168	3	that	that	SCONJ
ajfa-12492	168	4	while	while	SCONJ
ajfa-12492	168	5	holding	hold	VERB
ajfa-12492	168	6	risk	risk	NOUN
ajfa-12492	168	7	transparency	transparency	NOUN
ajfa-12492	168	8	,	,	PUNCT
ajfa-12492	168	9	governance	governance	NOUN
ajfa-12492	168	10	transparency	transparency	NOUN
ajfa-12492	168	11	and	and	CCONJ
ajfa-12492	168	12	social	social	ADJ
ajfa-12492	168	13	transparency	transparency	NOUN
ajfa-12492	168	14	constant	constant	ADJ
ajfa-12492	168	15	a	a	DET
ajfa-12492	168	16	unit	unit	NOUN
ajfa-12492	168	17	change	change	NOUN
ajfa-12492	168	18	in	in	ADP
ajfa-12492	168	19	financial	financial	ADJ
ajfa-12492	168	20	transparency	transparency	NOUN
ajfa-12492	168	21	increases	increase	VERB
ajfa-12492	168	22	financial	financial	ADJ
ajfa-12492	168	23	performance	performance	NOUN
ajfa-12492	168	24	by	by	ADP
ajfa-12492	168	25	0.170	0.170	NUM
ajfa-12492	168	26	units	unit	NOUN
ajfa-12492	168	27	.	.	PUNCT
ajfa-12492	169	1	in	in	ADP
ajfa-12492	169	2	line	line	NOUN
ajfa-12492	169	3	with	with	ADP
ajfa-12492	169	4	this	this	DET
ajfa-12492	169	5	finding	finding	NOUN
ajfa-12492	169	6	,	,	PUNCT
ajfa-12492	169	7	francis	francis	PROPN
ajfa-12492	169	8	,	,	PUNCT
ajfa-12492	169	9	huang	huang	PROPN
ajfa-12492	169	10	,	,	PUNCT
ajfa-12492	169	11	khurana	khurana	PROPN
ajfa-12492	169	12	and	and	CCONJ
ajfa-12492	169	13	pereira	pereira	PROPN
ajfa-12492	169	14	(	(	PUNCT
ajfa-12492	169	15	2009	2009	NUM
ajfa-12492	169	16	)	)	PUNCT
ajfa-12492	169	17	also	also	ADV
ajfa-12492	169	18	established	establish	VERB
ajfa-12492	169	19	that	that	SCONJ
ajfa-12492	169	20	financial	financial	ADJ
ajfa-12492	169	21	transparency	transparency	NOUN
ajfa-12492	169	22	give	give	VERB
ajfa-12492	169	23	the	the	DET
ajfa-12492	169	24	markets	market	NOUN
ajfa-12492	169	25	more	more	ADJ
ajfa-12492	169	26	considerations	consideration	NOUN
ajfa-12492	169	27	and	and	CCONJ
ajfa-12492	169	28	that	that	SCONJ
ajfa-12492	169	29	more	more	ADJ
ajfa-12492	169	30	information	information	NOUN
ajfa-12492	169	31	with	with	ADP
ajfa-12492	169	32	regard	regard	NOUN
ajfa-12492	169	33	to	to	ADP
ajfa-12492	169	34	agency	agency	NOUN
ajfa-12492	169	35	relationship	relationship	NOUN
ajfa-12492	169	36	tends	tend	VERB
ajfa-12492	169	37	to	to	PART
ajfa-12492	169	38	lower	lower	VERB
ajfa-12492	169	39	the	the	DET
ajfa-12492	169	40	agency	agency	NOUN
ajfa-12492	169	41	cost	cost	NOUN
ajfa-12492	169	42	which	which	PRON
ajfa-12492	169	43	consequently	consequently	ADV
ajfa-12492	169	44	translate	translate	VERB
ajfa-12492	169	45	to	to	ADP
ajfa-12492	169	46	better	well	ADJ
ajfa-12492	169	47	firm	firm	ADJ
ajfa-12492	169	48	performance	performance	NOUN
ajfa-12492	169	49	.	.	PUNCT
ajfa-12492	170	1	secondly	secondly	ADV
ajfa-12492	170	2	,	,	PUNCT
ajfa-12492	170	3	there	there	PRON
ajfa-12492	170	4	was	be	VERB
ajfa-12492	170	5	a	a	DET
ajfa-12492	170	6	positive	positive	ADJ
ajfa-12492	170	7	and	and	CCONJ
ajfa-12492	170	8	non	non	ADJ
ajfa-12492	170	9	-	-	ADJ
ajfa-12492	170	10	significant	significant	ADJ
ajfa-12492	170	11	relationship	relationship	NOUN
ajfa-12492	170	12	between	between	ADP
ajfa-12492	170	13	risk	risk	NOUN
ajfa-12492	170	14	transparency	transparency	NOUN
ajfa-12492	170	15	and	and	CCONJ
ajfa-12492	170	16	financial	financial	ADJ
ajfa-12492	170	17	performance	performance	NOUN
ajfa-12492	170	18	(	(	PUNCT
ajfa-12492	170	19	β=0.008	β=0.008	PROPN
ajfa-12492	170	20	,	,	PUNCT
ajfa-12492	170	21	p	p	NOUN
ajfa-12492	170	22	value	value	NOUN
ajfa-12492	170	23	<	<	NOUN
ajfa-12492	170	24	0.05	0.05	NUM
ajfa-12492	170	25	)	)	PUNCT
ajfa-12492	170	26	.	.	PUNCT
ajfa-12492	171	1	in	in	ADP
ajfa-12492	171	2	tandem	tandem	PROPN
ajfa-12492	171	3	with	with	ADP
ajfa-12492	171	4	cebenoyan	cebenoyan	ADJ
ajfa-12492	171	5	and	and	CCONJ
ajfa-12492	171	6	strahan	strahan	PROPN
ajfa-12492	171	7	(	(	PUNCT
ajfa-12492	171	8	2004	2004	NUM
ajfa-12492	171	9	)	)	PUNCT
ajfa-12492	171	10	the	the	DET
ajfa-12492	171	11	positive	positive	ADJ
ajfa-12492	171	12	relationship	relationship	NOUN
ajfa-12492	171	13	could	could	AUX
ajfa-12492	171	14	be	be	AUX
ajfa-12492	171	15	as	as	ADP
ajfa-12492	171	16	result	result	NOUN
ajfa-12492	171	17	of	of	ADP
ajfa-12492	171	18	the	the	DET
ajfa-12492	171	19	articulation	articulation	NOUN
ajfa-12492	171	20	of	of	ADP
ajfa-12492	171	21	the	the	DET
ajfa-12492	171	22	future	future	ADJ
ajfa-12492	171	23	risk	risk	NOUN
ajfa-12492	171	24	profiles	profile	NOUN
ajfa-12492	171	25	to	to	PART
ajfa-12492	171	26	affect	affect	VERB
ajfa-12492	171	27	the	the	DET
ajfa-12492	171	28	state	state	NOUN
ajfa-12492	171	29	of	of	ADP
ajfa-12492	171	30	the	the	DET
ajfa-12492	171	31	capital	capital	NOUN
ajfa-12492	171	32	structure	structure	NOUN
ajfa-12492	171	33	thus	thus	ADV
ajfa-12492	171	34	developing	develop	VERB
ajfa-12492	171	35	the	the	DET
ajfa-12492	171	36	cost	cost	NOUN
ajfa-12492	171	37	of	of	ADP
ajfa-12492	171	38	capital	capital	NOUN
ajfa-12492	171	39	.	.	PUNCT
ajfa-12492	172	1	as	as	ADP
ajfa-12492	172	2	per	per	ADP
ajfa-12492	172	3	tarus	tarus	NOUN
ajfa-12492	172	4	and	and	CCONJ
ajfa-12492	172	5	omandi	omandi	NOUN
ajfa-12492	172	6	(	(	PUNCT
ajfa-12492	172	7	2013	2013	NUM
ajfa-12492	172	8	)	)	PUNCT
ajfa-12492	172	9	when	when	SCONJ
ajfa-12492	172	10	a	a	DET
ajfa-12492	172	11	firm	firm	NOUN
ajfa-12492	172	12	encompasses	encompass	VERB
ajfa-12492	172	13	way	way	NOUN
ajfa-12492	172	14	of	of	ADP
ajfa-12492	172	15	diversifying	diversify	VERB
ajfa-12492	172	16	the	the	DET
ajfa-12492	172	17	risk	risk	NOUN
ajfa-12492	172	18	exposed	expose	VERB
ajfa-12492	172	19	,	,	PUNCT
ajfa-12492	172	20	it	it	PRON
ajfa-12492	172	21	actually	actually	ADV
ajfa-12492	172	22	tell	tell	VERB
ajfa-12492	172	23	more	more	ADJ
ajfa-12492	172	24	about	about	ADP
ajfa-12492	172	25	the	the	DET
ajfa-12492	172	26	quality	quality	NOUN
ajfa-12492	172	27	of	of	ADP
ajfa-12492	172	28	the	the	DET
ajfa-12492	172	29	management	management	NOUN
ajfa-12492	172	30	which	which	PRON
ajfa-12492	172	31	is	be	AUX
ajfa-12492	172	32	later	later	ADV
ajfa-12492	172	33	translated	translate	VERB
ajfa-12492	172	34	to	to	ADP
ajfa-12492	172	35	more	more	ADJ
ajfa-12492	172	36	confidence	confidence	NOUN
ajfa-12492	172	37	being	be	AUX
ajfa-12492	172	38	created	create	VERB
ajfa-12492	172	39	to	to	ADP
ajfa-12492	172	40	the	the	DET
ajfa-12492	172	41	investors	investor	NOUN
ajfa-12492	172	42	.	.	PUNCT
ajfa-12492	173	1	thirdly	thirdly	ADV
ajfa-12492	173	2	,	,	PUNCT
ajfa-12492	173	3	there	there	PRON
ajfa-12492	173	4	was	be	VERB
ajfa-12492	173	5	a	a	DET
ajfa-12492	173	6	positive	positive	ADJ
ajfa-12492	173	7	and	and	CCONJ
ajfa-12492	173	8	significant	significant	ADJ
ajfa-12492	173	9	relationship	relationship	NOUN
ajfa-12492	173	10	between	between	ADP
ajfa-12492	173	11	governance	governance	NOUN
ajfa-12492	173	12	transparency	transparency	NOUN
ajfa-12492	173	13	and	and	CCONJ
ajfa-12492	173	14	financial	financial	ADJ
ajfa-12492	173	15	performance	performance	NOUN
ajfa-12492	173	16	(	(	PUNCT
ajfa-12492	173	17	β=0.08	β=0.08	ADV
ajfa-12492	173	18	,	,	PUNCT
ajfa-12492	173	19	p	p	NOUN
ajfa-12492	173	20	value	value	NOUN
ajfa-12492	173	21	<	<	NOUN
ajfa-12492	173	22	0.05	0.05	NUM
ajfa-12492	173	23	)	)	PUNCT
ajfa-12492	173	24	.	.	PUNCT
ajfa-12492	174	1	this	this	PRON
ajfa-12492	174	2	implies	imply	VERB
ajfa-12492	174	3	that	that	SCONJ
ajfa-12492	174	4	holding	hold	VERB
ajfa-12492	174	5	financial	financial	ADJ
ajfa-12492	174	6	transparency	transparency	NOUN
ajfa-12492	174	7	,	,	PUNCT
ajfa-12492	174	8	risk	risk	NOUN
ajfa-12492	174	9	transparency	transparency	NOUN
ajfa-12492	174	10	and	and	CCONJ
ajfa-12492	174	11	social	social	ADJ
ajfa-12492	174	12	transparency	transparency	NOUN
ajfa-12492	174	13	constant	constant	ADJ
ajfa-12492	174	14	a	a	DET
ajfa-12492	174	15	unit	unit	NOUN
ajfa-12492	174	16	change	change	NOUN
ajfa-12492	174	17	in	in	ADP
ajfa-12492	174	18	governance	governance	NOUN
ajfa-12492	174	19	transparency	transparency	NOUN
ajfa-12492	174	20	increases	increase	VERB
ajfa-12492	174	21	financial	financial	ADJ
ajfa-12492	174	22	performance	performance	NOUN
ajfa-12492	174	23	by	by	ADP
ajfa-12492	174	24	0.08	0.08	NUM
ajfa-12492	174	25	units	unit	NOUN
ajfa-12492	174	26	.	.	PUNCT
ajfa-12492	175	1	as	as	SCONJ
ajfa-12492	175	2	argued	argue	VERB
ajfa-12492	175	3	by	by	ADP
ajfa-12492	175	4	donaldson	donaldson	PROPN
ajfa-12492	175	5	(	(	PUNCT
ajfa-12492	175	6	2003	2003	NUM
ajfa-12492	175	7	)	)	PUNCT
ajfa-12492	175	8	disclosure	disclosure	NOUN
ajfa-12492	175	9	on	on	ADP
ajfa-12492	175	10	governance	governance	NOUN
ajfa-12492	175	11	encourages	encourage	VERB
ajfa-12492	175	12	corporate	corporate	ADJ
ajfa-12492	175	13	accountability	accountability	NOUN
ajfa-12492	175	14	which	which	PRON
ajfa-12492	175	15	further	far	ADV
ajfa-12492	175	16	builds	build	VERB
ajfa-12492	175	17	business	business	NOUN
ajfa-12492	175	18	reputation	reputation	NOUN
ajfa-12492	175	19	and	and	CCONJ
ajfa-12492	175	20	images	image	NOUN
ajfa-12492	175	21	on	on	ADP
ajfa-12492	175	22	the	the	DET
ajfa-12492	175	23	faces	face	NOUN
ajfa-12492	175	24	of	of	ADP
ajfa-12492	175	25	the	the	DET
ajfa-12492	175	26	interested	interested	ADJ
ajfa-12492	175	27	parties	party	NOUN
ajfa-12492	175	28	and	and	CCONJ
ajfa-12492	175	29	groups	group	NOUN
ajfa-12492	175	30	.	.	PUNCT
ajfa-12492	176	1	finally	finally	ADV
ajfa-12492	176	2	,	,	PUNCT
ajfa-12492	176	3	there	there	PRON
ajfa-12492	176	4	was	be	VERB
ajfa-12492	176	5	a	a	DET
ajfa-12492	176	6	positive	positive	ADJ
ajfa-12492	176	7	and	and	CCONJ
ajfa-12492	176	8	significant	significant	ADJ
ajfa-12492	176	9	relationship	relationship	NOUN
ajfa-12492	176	10	between	between	ADP
ajfa-12492	176	11	social	social	ADJ
ajfa-12492	176	12	transparency	transparency	NOUN
ajfa-12492	176	13	and	and	CCONJ
ajfa-12492	176	14	financial	financial	ADJ
ajfa-12492	176	15	performance	performance	NOUN
ajfa-12492	176	16	(	(	PUNCT
ajfa-12492	176	17	β=0.245	β=0.245	X
ajfa-12492	176	18	,	,	PUNCT
ajfa-12492	176	19	p	p	NOUN
ajfa-12492	176	20	value	value	NOUN
ajfa-12492	176	21	<	<	NOUN
ajfa-12492	176	22	0.05	0.05	NUM
ajfa-12492	176	23	)	)	PUNCT
ajfa-12492	176	24	.	.	PUNCT
ajfa-12492	177	1	this	this	PRON
ajfa-12492	177	2	implies	imply	VERB
ajfa-12492	177	3	that	that	SCONJ
ajfa-12492	177	4	while	while	SCONJ
ajfa-12492	177	5	holding	hold	VERB
ajfa-12492	177	6	financial	financial	ADJ
ajfa-12492	177	7	transparency	transparency	NOUN
ajfa-12492	177	8	,	,	PUNCT
ajfa-12492	177	9	risk	risk	NOUN
ajfa-12492	177	10	transparency	transparency	NOUN
ajfa-12492	177	11	and	and	CCONJ
ajfa-12492	177	12	governance	governance	NOUN
ajfa-12492	177	13	transparency	transparency	NOUN
ajfa-12492	177	14	constant	constant	ADJ
ajfa-12492	177	15	a	a	DET
ajfa-12492	177	16	unit	unit	NOUN
ajfa-12492	177	17	change	change	NOUN
ajfa-12492	177	18	in	in	ADP
ajfa-12492	177	19	social	social	ADJ
ajfa-12492	177	20	transparency	transparency	NOUN
ajfa-12492	177	21	increases	increase	VERB
ajfa-12492	177	22	financial	financial	ADJ
ajfa-12492	177	23	performance	performance	NOUN
ajfa-12492	177	24	by	by	ADP
ajfa-12492	177	25	0.245	0.245	NUM
ajfa-12492	177	26	units	unit	NOUN
ajfa-12492	177	27	.	.	PUNCT
ajfa-12492	178	1	the	the	DET
ajfa-12492	178	2	presumed	presume	VERB
ajfa-12492	178	3	insignificant	insignificant	ADJ
ajfa-12492	178	4	relationship	relationship	NOUN
ajfa-12492	178	5	was	be	AUX
ajfa-12492	178	6	confirmed	confirm	VERB
ajfa-12492	178	7	to	to	PART
ajfa-12492	178	8	be	be	AUX
ajfa-12492	178	9	actually	actually	ADV
ajfa-12492	178	10	false	false	ADJ
ajfa-12492	178	11	.	.	PUNCT
ajfa-12492	179	1	as	as	ADP
ajfa-12492	179	2	for	for	ADP
ajfa-12492	179	3	the	the	DET
ajfa-12492	179	4	molenkamp	molenkamp	NOUN
ajfa-12492	179	5	(	(	PUNCT
ajfa-12492	179	6	2005	2005	NUM
ajfa-12492	179	7	)	)	PUNCT
ajfa-12492	179	8	disclosure	disclosure	NOUN
ajfa-12492	179	9	on	on	ADP
ajfa-12492	179	10	social	social	ADJ
ajfa-12492	179	11	responsibility	responsibility	NOUN
ajfa-12492	179	12	communicates	communicate	VERB
ajfa-12492	179	13	the	the	DET
ajfa-12492	179	14	benefits	benefit	NOUN
ajfa-12492	179	15	received	receive	VERB
ajfa-12492	179	16	by	by	ADP
ajfa-12492	179	17	stakeholders	stakeholder	NOUN
ajfa-12492	179	18	hence	hence	ADV
ajfa-12492	179	19	this	this	DET
ajfa-12492	179	20	disclosure	disclosure	NOUN
ajfa-12492	179	21	tends	tend	VERB
ajfa-12492	179	22	to	to	PART
ajfa-12492	179	23	increase	increase	VERB
ajfa-12492	179	24	the	the	DET
ajfa-12492	179	25	connection	connection	NOUN
ajfa-12492	179	26	between	between	ADP
ajfa-12492	179	27	the	the	DET
ajfa-12492	179	28	firm	firm	NOUN
ajfa-12492	179	29	and	and	CCONJ
ajfa-12492	179	30	stakeholder	stakeholder	NOUN
ajfa-12492	179	31	.	.	PUNCT
ajfa-12492	180	1	this	this	PRON
ajfa-12492	180	2	further	far	ADV
ajfa-12492	180	3	corroborates	corroborate	VERB
ajfa-12492	180	4	with	with	ADP
ajfa-12492	180	5	stakeholder	stakeholder	NOUN
ajfa-12492	180	6	theory	theory	NOUN
ajfa-12492	180	7	which	which	PRON
ajfa-12492	180	8	avers	aver	VERB
ajfa-12492	180	9	that	that	SCONJ
ajfa-12492	180	10	an	an	DET
ajfa-12492	180	11	attention	attention	NOUN
ajfa-12492	180	12	to	to	ADP
ajfa-12492	180	13	stakeholders	stakeholder	NOUN
ajfa-12492	180	14	will	will	AUX
ajfa-12492	180	15	make	make	VERB
ajfa-12492	180	16	a	a	DET
ajfa-12492	180	17	firm	firm	NOUN
ajfa-12492	180	18	more	more	ADV
ajfa-12492	180	19	successful	successful	ADJ
ajfa-12492	180	20	than	than	ADP
ajfa-12492	180	21	those	those	PRON
ajfa-12492	180	22	that	that	PRON
ajfa-12492	180	23	are	be	AUX
ajfa-12492	180	24	not	not	PART
ajfa-12492	180	25	oriented	orient	VERB
ajfa-12492	180	26	to	to	ADP
ajfa-12492	180	27	the	the	DET
ajfa-12492	180	28	need	need	NOUN
ajfa-12492	180	29	of	of	ADP
ajfa-12492	180	30	the	the	DET
ajfa-12492	180	31	stakeholders	stakeholder	NOUN
ajfa-12492	180	32	.	.	PUNCT
ajfa-12492	181	1	financial	financial	ADJ
ajfa-12492	181	2	performance	performance	NOUN
ajfa-12492	181	3	=	=	SYM
ajfa-12492	181	4	-0.160	-0.160	X
ajfa-12492	181	5	+	+	CCONJ
ajfa-12492	181	6	0.17*financial	0.17*financial	NUM
ajfa-12492	181	7	transparency	transparency	NOUN
ajfa-12492	182	1	+	+	CCONJ
ajfa-12492	182	2	0.008*risk	0.008*risk	NUM
ajfa-12492	182	3	transparency	transparency	NOUN
ajfa-12492	182	4	+0.08*governance	+0.08*governance	NOUN
ajfa-12492	182	5	transparency	transparency	NOUN
ajfa-12492	182	6	+0.245*social	+0.245*social	PROPN
ajfa-12492	182	7	transparency	transparency	NOUN
ajfa-12492	182	8	(	(	PUNCT
ajfa-12492	182	9	2	2	X
ajfa-12492	182	10	)	)	PUNCT
ajfa-12492	182	11	asian	asian	ADJ
ajfa-12492	182	12	journal	journal	NOUN
ajfa-12492	182	13	of	of	ADP
ajfa-12492	182	14	finance	finance	PROPN
ajfa-12492	182	15	&	&	CCONJ
ajfa-12492	182	16	accounting	accounting	PROPN
ajfa-12492	182	17	issn	issn	PROPN
ajfa-12492	182	18	1946	1946	NUM
ajfa-12492	182	19	-	-	PUNCT
ajfa-12492	182	20	052x	052x	NOUN
ajfa-12492	182	21	2018	2018	NUM
ajfa-12492	182	22	,	,	PUNCT
ajfa-12492	182	23	vol	vol	NOUN
ajfa-12492	182	24	.	.	PROPN
ajfa-12492	183	1	10	10	NUM
ajfa-12492	183	2	,	,	PUNCT
ajfa-12492	183	3	no	no	INTJ
ajfa-12492	183	4	.	.	NOUN
ajfa-12492	183	5	1	1	NUM
ajfa-12492	183	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	183	7	12	12	NUM
ajfa-12492	183	8	table	table	NOUN
ajfa-12492	183	9	4.6	4.6	NUM
ajfa-12492	183	10	.	.	PUNCT
ajfa-12492	184	1	regression	regression	NOUN
ajfa-12492	184	2	model	model	NOUN
ajfa-12492	184	3	of	of	ADP
ajfa-12492	184	4	influence	influence	NOUN
ajfa-12492	184	5	for	for	ADP
ajfa-12492	184	6	corporate	corporate	ADJ
ajfa-12492	184	7	transparency	transparency	NOUN
ajfa-12492	184	8	on	on	ADP
ajfa-12492	184	9	financial	financial	ADJ
ajfa-12492	184	10	performance	performance	NOUN
ajfa-12492	184	11	of	of	ADP
ajfa-12492	184	12	listed	list	VERB
ajfa-12492	184	13	companies	company	NOUN
ajfa-12492	184	14	in	in	ADP
ajfa-12492	184	15	east	east	PROPN
ajfa-12492	184	16	africa	africa	PROPN
ajfa-12492	184	17	variable	variable	PROPN
ajfa-12492	184	18	coefficient	coefficient	NOUN
ajfa-12492	184	19	std	std	PROPN
ajfa-12492	184	20	.	.	NOUN
ajfa-12492	184	21	error	error	NOUN
ajfa-12492	184	22	t	t	NOUN
ajfa-12492	184	23	-	-	PUNCT
ajfa-12492	184	24	statistic	statistic	NOUN
ajfa-12492	184	25	prob	prob	NOUN
ajfa-12492	184	26	.	.	PUNCT
ajfa-12492	185	1	c	c	PROPN
ajfa-12492	185	2	-0.160	-0.160	PROPN
ajfa-12492	185	3	0.013	0.013	NUM
ajfa-12492	185	4	-12.641	-12.641	NOUN
ajfa-12492	185	5	0.000	0.000	NUM
ajfa-12492	185	6	financial	financial	ADJ
ajfa-12492	185	7	transparency	transparency	NOUN
ajfa-12492	185	8	0.170	0.170	NUM
ajfa-12492	185	9	0.019	0.019	NUM
ajfa-12492	185	10	9.108	9.108	NUM
ajfa-12492	185	11	0.000	0.000	NUM
ajfa-12492	185	12	risk	risk	NOUN
ajfa-12492	185	13	transparency	transparency	NOUN
ajfa-12492	185	14	0.008	0.008	NUM
ajfa-12492	185	15	0.018	0.018	NUM
ajfa-12492	185	16	0.455	0.455	NUM
ajfa-12492	185	17	0.649	0.649	NUM
ajfa-12492	185	18	governance	governance	NOUN
ajfa-12492	185	19	transparency	transparency	NOUN
ajfa-12492	186	1	0.080	0.080	NOUN
ajfa-12492	186	2	0.015	0.015	NUM
ajfa-12492	186	3	5.223	5.223	NUM
ajfa-12492	186	4	0.000	0.000	NUM
ajfa-12492	186	5	social	social	ADJ
ajfa-12492	186	6	transparency	transparency	NOUN
ajfa-12492	186	7	0.245	0.245	NUM
ajfa-12492	186	8	0.014	0.014	NUM
ajfa-12492	186	9	17.706	17.706	NUM
ajfa-12492	186	10	0.000	0.000	NUM
ajfa-12492	186	11	r	r	NOUN
ajfa-12492	186	12	-	-	PUNCT
ajfa-12492	186	13	squared	square	VERB
ajfa-12492	186	14	0.763	0.763	NUM
ajfa-12492	186	15	mean	mean	NOUN
ajfa-12492	186	16	dependent	dependent	ADJ
ajfa-12492	186	17	variable	variable	NOUN
ajfa-12492	186	18	0.099	0.099	NUM
ajfa-12492	186	19	adjusted	adjust	VERB
ajfa-12492	186	20	r	r	NOUN
ajfa-12492	186	21	-	-	PUNCT
ajfa-12492	186	22	squared	square	VERB
ajfa-12492	186	23	0.735	0.735	NUM
ajfa-12492	186	24	s.d	s.d	PROPN
ajfa-12492	186	25	.	.	PUNCT
ajfa-12492	187	1	dependent	dependent	ADJ
ajfa-12492	187	2	variable	variable	NOUN
ajfa-12492	187	3	0.127	0.127	NUM
ajfa-12492	187	4	s.e	s.e	PROPN
ajfa-12492	187	5	.	.	PROPN
ajfa-12492	187	6	of	of	ADP
ajfa-12492	187	7	regression	regression	NOUN
ajfa-12492	187	8	0.065	0.065	NUM
ajfa-12492	187	9	akaike	akaike	ADJ
ajfa-12492	187	10	info	info	NOUN
ajfa-12492	187	11	criterion	criterion	NOUN
ajfa-12492	187	12	-2.517	-2.517	PUNCT
ajfa-12492	187	13	sum	sum	NOUN
ajfa-12492	187	14	squared	square	VERB
ajfa-12492	187	15	residuals	residual	NOUN
ajfa-12492	187	16	2.792	2.792	NUM
ajfa-12492	187	17	schwarz	schwarz	NOUN
ajfa-12492	187	18	criterion	criterion	NOUN
ajfa-12492	187	19	-2.033	-2.033	PUNCT
ajfa-12492	187	20	log	log	NOUN
ajfa-12492	187	21	likelihood	likelihood	VERB
ajfa-12492	187	22	995.813	995.813	NUM
ajfa-12492	187	23	hannan	hannan	PROPN
ajfa-12492	187	24	-	-	PUNCT
ajfa-12492	187	25	quinn	quinn	NOUN
ajfa-12492	187	26	criterion	criterion	NOUN
ajfa-12492	187	27	.	.	PUNCT
ajfa-12492	188	1	-2.330	-2.330	X
ajfa-12492	189	1	f	f	X
ajfa-12492	189	2	-	-	PUNCT
ajfa-12492	189	3	statistic	statistic	ADJ
ajfa-12492	189	4	27.657	27.657	NUM
ajfa-12492	189	5	durbin	durbin	ADJ
ajfa-12492	189	6	-	-	PUNCT
ajfa-12492	189	7	watson	watson	NOUN
ajfa-12492	189	8	stat	stat	PROPN
ajfa-12492	189	9	1.650	1.650	NUM
ajfa-12492	189	10	prob	prob	NOUN
ajfa-12492	189	11	(	(	PUNCT
ajfa-12492	189	12	f	f	X
ajfa-12492	189	13	-	-	PUNCT
ajfa-12492	189	14	statistic	statistic	NOUN
ajfa-12492	189	15	)	)	PUNCT
ajfa-12492	189	16	0.000	0.000	NUM
ajfa-12492	189	17	5	5	NUM
ajfa-12492	189	18	.	.	PUNCT
ajfa-12492	190	1	summary	summary	NOUN
ajfa-12492	190	2	and	and	CCONJ
ajfa-12492	190	3	conclusion	conclusion	NOUN
ajfa-12492	190	4	based	base	VERB
ajfa-12492	190	5	on	on	ADP
ajfa-12492	190	6	the	the	DET
ajfa-12492	190	7	study	study	NOUN
ajfa-12492	190	8	findings	finding	VERB
ajfa-12492	190	9	it	it	PRON
ajfa-12492	190	10	is	be	AUX
ajfa-12492	190	11	imperative	imperative	ADJ
ajfa-12492	190	12	to	to	PART
ajfa-12492	190	13	conclude	conclude	VERB
ajfa-12492	190	14	that	that	PRON
ajfa-12492	190	15	corporate	corporate	ADJ
ajfa-12492	190	16	transparency	transparency	NOUN
ajfa-12492	190	17	has	have	VERB
ajfa-12492	190	18	effect	effect	NOUN
ajfa-12492	190	19	on	on	ADP
ajfa-12492	190	20	financial	financial	ADJ
ajfa-12492	190	21	performance	performance	NOUN
ajfa-12492	190	22	of	of	ADP
ajfa-12492	190	23	listed	list	VERB
ajfa-12492	190	24	companies	company	NOUN
ajfa-12492	190	25	in	in	ADP
ajfa-12492	190	26	east	east	PROPN
ajfa-12492	190	27	africa	africa	PROPN
ajfa-12492	190	28	.	.	PUNCT
ajfa-12492	191	1	results	result	NOUN
ajfa-12492	191	2	of	of	ADP
ajfa-12492	191	3	the	the	DET
ajfa-12492	191	4	study	study	NOUN
ajfa-12492	191	5	revealed	reveal	VERB
ajfa-12492	191	6	that	that	SCONJ
ajfa-12492	191	7	there	there	PRON
ajfa-12492	191	8	was	be	VERB
ajfa-12492	191	9	almost	almost	ADV
ajfa-12492	191	10	80	80	NUM
ajfa-12492	191	11	%	%	NOUN
ajfa-12492	191	12	of	of	ADP
ajfa-12492	191	13	financial	financial	ADJ
ajfa-12492	191	14	transparency	transparency	NOUN
ajfa-12492	191	15	,	,	PUNCT
ajfa-12492	191	16	it	it	PRON
ajfa-12492	191	17	can	can	AUX
ajfa-12492	191	18	be	be	AUX
ajfa-12492	191	19	implied	imply	VERB
ajfa-12492	191	20	that	that	SCONJ
ajfa-12492	191	21	listed	list	VERB
ajfa-12492	191	22	companies	company	NOUN
ajfa-12492	191	23	in	in	ADP
ajfa-12492	191	24	east	east	PROPN
ajfa-12492	191	25	africa	africa	PROPN
ajfa-12492	191	26	are	be	AUX
ajfa-12492	191	27	more	more	ADV
ajfa-12492	191	28	willing	willing	ADJ
ajfa-12492	191	29	to	to	PART
ajfa-12492	191	30	disclosure	disclosure	VERB
ajfa-12492	191	31	information	information	NOUN
ajfa-12492	191	32	to	to	ADP
ajfa-12492	191	33	members	member	NOUN
ajfa-12492	191	34	of	of	ADP
ajfa-12492	191	35	the	the	DET
ajfa-12492	191	36	public	public	NOUN
ajfa-12492	191	37	as	as	ADP
ajfa-12492	191	38	such	such	ADJ
ajfa-12492	191	39	to	to	PART
ajfa-12492	191	40	mitigate	mitigate	VERB
ajfa-12492	191	41	agency	agency	NOUN
ajfa-12492	191	42	conflicts	conflict	NOUN
ajfa-12492	191	43	and	and	CCONJ
ajfa-12492	191	44	minimize	minimize	VERB
ajfa-12492	191	45	the	the	DET
ajfa-12492	191	46	asymmetric	asymmetric	ADJ
ajfa-12492	191	47	information	information	NOUN
ajfa-12492	191	48	levels	level	NOUN
ajfa-12492	191	49	.	.	PUNCT
ajfa-12492	192	1	since	since	SCONJ
ajfa-12492	192	2	there	there	PRON
ajfa-12492	192	3	was	be	VERB
ajfa-12492	192	4	a	a	DET
ajfa-12492	192	5	positive	positive	ADJ
ajfa-12492	192	6	and	and	CCONJ
ajfa-12492	192	7	significant	significant	ADJ
ajfa-12492	192	8	relationship	relationship	NOUN
ajfa-12492	192	9	this	this	PRON
ajfa-12492	192	10	implies	imply	VERB
ajfa-12492	192	11	as	as	SCONJ
ajfa-12492	192	12	performance	performance	NOUN
ajfa-12492	192	13	was	be	AUX
ajfa-12492	192	14	increasing	increase	VERB
ajfa-12492	192	15	the	the	DET
ajfa-12492	192	16	level	level	NOUN
ajfa-12492	192	17	of	of	ADP
ajfa-12492	192	18	transparency	transparency	NOUN
ajfa-12492	192	19	also	also	ADV
ajfa-12492	192	20	increased	increase	VERB
ajfa-12492	192	21	within	within	ADP
ajfa-12492	192	22	the	the	DET
ajfa-12492	192	23	period	period	NOUN
ajfa-12492	192	24	under	under	ADP
ajfa-12492	192	25	investigation	investigation	NOUN
ajfa-12492	192	26	,	,	PUNCT
ajfa-12492	192	27	it	it	PRON
ajfa-12492	192	28	can	can	AUX
ajfa-12492	192	29	therefore	therefore	ADV
ajfa-12492	192	30	be	be	AUX
ajfa-12492	192	31	concluded	conclude	VERB
ajfa-12492	192	32	that	that	SCONJ
ajfa-12492	192	33	an	an	DET
ajfa-12492	192	34	increased	increase	VERB
ajfa-12492	192	35	level	level	NOUN
ajfa-12492	192	36	of	of	ADP
ajfa-12492	192	37	transparency	transparency	NOUN
ajfa-12492	192	38	enhanced	enhance	VERB
ajfa-12492	192	39	financial	financial	ADJ
ajfa-12492	192	40	performance	performance	NOUN
ajfa-12492	192	41	and	and	CCONJ
ajfa-12492	192	42	efficiency	efficiency	NOUN
ajfa-12492	192	43	.	.	PUNCT
ajfa-12492	193	1	generally	generally	ADV
ajfa-12492	193	2	it	it	PRON
ajfa-12492	193	3	’s	’	VERB
ajfa-12492	193	4	prudent	prudent	ADJ
ajfa-12492	193	5	for	for	SCONJ
ajfa-12492	193	6	listed	list	VERB
ajfa-12492	193	7	companies	company	NOUN
ajfa-12492	193	8	to	to	PART
ajfa-12492	193	9	disclose	disclose	VERB
ajfa-12492	193	10	as	as	ADV
ajfa-12492	193	11	much	much	ADJ
ajfa-12492	193	12	information	information	NOUN
ajfa-12492	193	13	as	as	ADP
ajfa-12492	193	14	possible	possible	ADJ
ajfa-12492	193	15	so	so	SCONJ
ajfa-12492	193	16	as	as	SCONJ
ajfa-12492	193	17	to	to	PART
ajfa-12492	193	18	minimize	minimize	VERB
ajfa-12492	193	19	the	the	DET
ajfa-12492	193	20	level	level	NOUN
ajfa-12492	193	21	of	of	ADP
ajfa-12492	193	22	information	information	NOUN
ajfa-12492	193	23	asymmetry	asymmetry	NOUN
ajfa-12492	193	24	and	and	CCONJ
ajfa-12492	193	25	consequently	consequently	ADV
ajfa-12492	193	26	stimulate	stimulate	VERB
ajfa-12492	193	27	financial	financial	ADJ
ajfa-12492	193	28	performance	performance	NOUN
ajfa-12492	193	29	.	.	PUNCT
ajfa-12492	194	1	secondly	secondly	ADV
ajfa-12492	194	2	,	,	PUNCT
ajfa-12492	194	3	risk	risk	NOUN
ajfa-12492	194	4	transparency	transparency	NOUN
ajfa-12492	194	5	mirrored	mirror	VERB
ajfa-12492	194	6	the	the	DET
ajfa-12492	194	7	existing	exist	VERB
ajfa-12492	194	8	literature	literature	NOUN
ajfa-12492	194	9	by	by	ADP
ajfa-12492	194	10	having	have	VERB
ajfa-12492	194	11	positive	positive	ADJ
ajfa-12492	194	12	and	and	CCONJ
ajfa-12492	194	13	significant	significant	ADJ
ajfa-12492	194	14	relationship	relationship	NOUN
ajfa-12492	194	15	with	with	ADP
ajfa-12492	194	16	financial	financial	ADJ
ajfa-12492	194	17	performance	performance	NOUN
ajfa-12492	194	18	.	.	PUNCT
ajfa-12492	195	1	it	it	PRON
ajfa-12492	195	2	can	can	AUX
ajfa-12492	195	3	be	be	AUX
ajfa-12492	195	4	concluded	conclude	VERB
ajfa-12492	195	5	that	that	SCONJ
ajfa-12492	195	6	risk	risk	NOUN
ajfa-12492	195	7	transparency	transparency	NOUN
ajfa-12492	195	8	gives	give	VERB
ajfa-12492	195	9	a	a	DET
ajfa-12492	195	10	yardstick	yardstick	NOUN
ajfa-12492	195	11	against	against	ADP
ajfa-12492	195	12	which	which	PRON
ajfa-12492	195	13	future	future	ADJ
ajfa-12492	195	14	outlook	outlook	NOUN
ajfa-12492	195	15	of	of	ADP
ajfa-12492	195	16	a	a	DET
ajfa-12492	195	17	specific	specific	ADJ
ajfa-12492	195	18	organization	organization	NOUN
ajfa-12492	195	19	can	can	AUX
ajfa-12492	195	20	be	be	AUX
ajfa-12492	195	21	evaluated	evaluate	VERB
ajfa-12492	195	22	and	and	CCONJ
ajfa-12492	195	23	a	a	DET
ajfa-12492	195	24	clear	clear	ADJ
ajfa-12492	195	25	strategy	strategy	NOUN
ajfa-12492	195	26	can	can	AUX
ajfa-12492	195	27	developed	develop	VERB
ajfa-12492	195	28	in	in	ADP
ajfa-12492	195	29	order	order	NOUN
ajfa-12492	195	30	to	to	PART
ajfa-12492	195	31	protect	protect	VERB
ajfa-12492	195	32	investor	investor	NOUN
ajfa-12492	195	33	’s	’s	PART
ajfa-12492	195	34	interest	interest	NOUN
ajfa-12492	195	35	.	.	PUNCT
ajfa-12492	196	1	indeed	indeed	ADV
ajfa-12492	196	2	,	,	PUNCT
ajfa-12492	196	3	a	a	DET
ajfa-12492	196	4	clear	clear	ADJ
ajfa-12492	196	5	road	road	NOUN
ajfa-12492	196	6	map	map	NOUN
ajfa-12492	196	7	on	on	ADP
ajfa-12492	196	8	future	future	ADJ
ajfa-12492	196	9	risk	risk	NOUN
ajfa-12492	196	10	profile	profile	NOUN
ajfa-12492	196	11	will	will	AUX
ajfa-12492	196	12	provide	provide	VERB
ajfa-12492	196	13	a	a	DET
ajfa-12492	196	14	good	good	ADJ
ajfa-12492	196	15	credit	credit	NOUN
ajfa-12492	196	16	evaluation	evaluation	NOUN
ajfa-12492	196	17	tool	tool	NOUN
ajfa-12492	196	18	and	and	CCONJ
ajfa-12492	196	19	will	will	AUX
ajfa-12492	196	20	impact	impact	VERB
ajfa-12492	196	21	the	the	DET
ajfa-12492	196	22	future	future	ADJ
ajfa-12492	196	23	capital	capital	NOUN
ajfa-12492	196	24	composition	composition	NOUN
ajfa-12492	196	25	within	within	ADP
ajfa-12492	196	26	listed	list	VERB
ajfa-12492	196	27	and	and	CCONJ
ajfa-12492	196	28	non	non	ADJ
ajfa-12492	196	29	-	-	ADJ
ajfa-12492	196	30	listed	listed	ADJ
ajfa-12492	196	31	companies	company	NOUN
ajfa-12492	196	32	.	.	PUNCT
ajfa-12492	197	1	therefore	therefore	ADV
ajfa-12492	197	2	,	,	PUNCT
ajfa-12492	197	3	it	it	PRON
ajfa-12492	197	4	is	be	AUX
ajfa-12492	197	5	imperative	imperative	ADJ
ajfa-12492	197	6	for	for	SCONJ
ajfa-12492	197	7	the	the	DET
ajfa-12492	197	8	management	management	NOUN
ajfa-12492	197	9	to	to	PART
ajfa-12492	197	10	disclose	disclose	VERB
ajfa-12492	197	11	risk	risk	NOUN
ajfa-12492	197	12	exposure	exposure	NOUN
ajfa-12492	197	13	information	information	NOUN
ajfa-12492	197	14	as	as	SCONJ
ajfa-12492	197	15	such	such	ADJ
ajfa-12492	197	16	to	to	PART
ajfa-12492	197	17	boost	boost	VERB
ajfa-12492	197	18	investor	investor	NOUN
ajfa-12492	197	19	confidence	confidence	NOUN
ajfa-12492	197	20	and	and	CCONJ
ajfa-12492	197	21	minimize	minimize	VERB
ajfa-12492	197	22	issues	issue	NOUN
ajfa-12492	197	23	related	relate	VERB
ajfa-12492	197	24	to	to	ADP
ajfa-12492	197	25	low	low	ADJ
ajfa-12492	197	26	levels	level	NOUN
ajfa-12492	197	27	of	of	ADP
ajfa-12492	197	28	information	information	NOUN
ajfa-12492	197	29	disclosure	disclosure	NOUN
ajfa-12492	197	30	.	.	PUNCT
ajfa-12492	198	1	thirdly	thirdly	ADV
ajfa-12492	198	2	,	,	PUNCT
ajfa-12492	198	3	governance	governance	NOUN
ajfa-12492	198	4	transparency	transparency	NOUN
ajfa-12492	198	5	had	have	VERB
ajfa-12492	198	6	positive	positive	ADJ
ajfa-12492	198	7	and	and	CCONJ
ajfa-12492	198	8	significant	significant	ADJ
ajfa-12492	198	9	relationship	relationship	NOUN
ajfa-12492	198	10	with	with	ADP
ajfa-12492	198	11	financial	financial	ADJ
ajfa-12492	198	12	performance	performance	NOUN
ajfa-12492	198	13	.	.	PUNCT
ajfa-12492	199	1	these	these	DET
ajfa-12492	199	2	findings	finding	NOUN
ajfa-12492	199	3	were	be	AUX
ajfa-12492	199	4	in	in	ADP
ajfa-12492	199	5	conformity	conformity	NOUN
ajfa-12492	199	6	with	with	ADP
ajfa-12492	199	7	theoretical	theoretical	ADJ
ajfa-12492	199	8	stipulations	stipulation	NOUN
ajfa-12492	199	9	since	since	SCONJ
ajfa-12492	199	10	coherent	coherent	ADJ
ajfa-12492	199	11	governance	governance	NOUN
ajfa-12492	199	12	principles	principle	NOUN
ajfa-12492	199	13	should	should	AUX
ajfa-12492	199	14	harmonize	harmonize	VERB
ajfa-12492	199	15	expectations	expectation	NOUN
ajfa-12492	199	16	of	of	ADP
ajfa-12492	199	17	all	all	DET
ajfa-12492	199	18	stakeholders	stakeholder	NOUN
ajfa-12492	199	19	more	more	ADV
ajfa-12492	199	20	so	so	SCONJ
ajfa-12492	199	21	management	management	NOUN
ajfa-12492	199	22	and	and	CCONJ
ajfa-12492	199	23	shareholders	shareholder	NOUN
ajfa-12492	199	24	.	.	PUNCT
ajfa-12492	200	1	through	through	ADP
ajfa-12492	200	2	this	this	DET
ajfa-12492	200	3	increased	increase	VERB
ajfa-12492	200	4	level	level	NOUN
ajfa-12492	200	5	of	of	ADP
ajfa-12492	200	6	information	information	NOUN
ajfa-12492	200	7	sharing	share	VERB
ajfa-12492	200	8	shareholders	shareholder	NOUN
ajfa-12492	200	9	value	value	NOUN
ajfa-12492	200	10	is	be	AUX
ajfa-12492	200	11	anticipated	anticipate	VERB
ajfa-12492	200	12	to	to	PART
ajfa-12492	200	13	increase	increase	VERB
ajfa-12492	200	14	because	because	SCONJ
ajfa-12492	200	15	investors	investor	NOUN
ajfa-12492	200	16	have	have	VERB
ajfa-12492	200	17	a	a	DET
ajfa-12492	200	18	yardstick	yardstick	NOUN
ajfa-12492	200	19	against	against	ADP
ajfa-12492	200	20	which	which	PRON
ajfa-12492	200	21	to	to	PART
ajfa-12492	200	22	monitor	monitor	VERB
ajfa-12492	200	23	the	the	DET
ajfa-12492	200	24	management	management	NOUN
ajfa-12492	200	25	.	.	PUNCT
ajfa-12492	201	1	indeed	indeed	ADV
ajfa-12492	201	2	,	,	PUNCT
ajfa-12492	201	3	through	through	ADP
ajfa-12492	201	4	this	this	DET
ajfa-12492	201	5	listed	list	VERB
ajfa-12492	201	6	companies	company	NOUN
ajfa-12492	201	7	accountability	accountability	NOUN
ajfa-12492	201	8	and	and	CCONJ
ajfa-12492	201	9	asian	asian	ADJ
ajfa-12492	201	10	journal	journal	NOUN
ajfa-12492	201	11	of	of	ADP
ajfa-12492	201	12	finance	finance	PROPN
ajfa-12492	201	13	&	&	CCONJ
ajfa-12492	201	14	accounting	accounting	PROPN
ajfa-12492	201	15	issn	issn	PROPN
ajfa-12492	201	16	1946	1946	NUM
ajfa-12492	201	17	-	-	PUNCT
ajfa-12492	201	18	052x	052x	NOUN
ajfa-12492	201	19	2018	2018	NUM
ajfa-12492	201	20	,	,	PUNCT
ajfa-12492	201	21	vol	vol	NOUN
ajfa-12492	201	22	.	.	PROPN
ajfa-12492	201	23	10	10	NUM
ajfa-12492	201	24	,	,	PUNCT
ajfa-12492	201	25	no	no	INTJ
ajfa-12492	201	26	.	.	NOUN
ajfa-12492	201	27	1	1	NUM
ajfa-12492	201	28	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	201	29	13	13	NUM
ajfa-12492	201	30	reputation	reputation	NOUN
ajfa-12492	201	31	are	be	AUX
ajfa-12492	201	32	enhanced	enhance	VERB
ajfa-12492	201	33	to	to	ADP
ajfa-12492	201	34	rhyme	rhyme	NOUN
ajfa-12492	201	35	with	with	ADP
ajfa-12492	201	36	interest	interest	NOUN
ajfa-12492	201	37	of	of	ADP
ajfa-12492	201	38	both	both	CCONJ
ajfa-12492	201	39	current	current	ADJ
ajfa-12492	201	40	and	and	CCONJ
ajfa-12492	201	41	potential	potential	ADJ
ajfa-12492	201	42	investors	investor	NOUN
ajfa-12492	201	43	as	as	ADV
ajfa-12492	201	44	well	well	ADV
ajfa-12492	201	45	as	as	ADP
ajfa-12492	201	46	debt	debt	NOUN
ajfa-12492	201	47	providers	provider	NOUN
ajfa-12492	201	48	.	.	PUNCT
ajfa-12492	202	1	because	because	SCONJ
ajfa-12492	202	2	of	of	ADP
ajfa-12492	202	3	enhanced	enhanced	ADJ
ajfa-12492	202	4	level	level	NOUN
ajfa-12492	202	5	of	of	ADP
ajfa-12492	202	6	governance	governance	NOUN
ajfa-12492	202	7	there	there	PRON
ajfa-12492	202	8	will	will	AUX
ajfa-12492	202	9	be	be	AUX
ajfa-12492	202	10	reduction	reduction	NOUN
ajfa-12492	202	11	in	in	ADP
ajfa-12492	202	12	agency	agency	NOUN
ajfa-12492	202	13	conflicts	conflict	NOUN
ajfa-12492	202	14	,	,	PUNCT
ajfa-12492	202	15	boost	boost	NOUN
ajfa-12492	202	16	of	of	ADP
ajfa-12492	202	17	investor	investor	NOUN
ajfa-12492	202	18	confidence	confidence	NOUN
ajfa-12492	202	19	and	and	CCONJ
ajfa-12492	202	20	consequently	consequently	ADV
ajfa-12492	202	21	enhanced	enhance	VERB
ajfa-12492	202	22	financial	financial	ADJ
ajfa-12492	202	23	performance	performance	NOUN
ajfa-12492	202	24	.	.	PUNCT
ajfa-12492	203	1	further	far	ADV
ajfa-12492	203	2	,	,	PUNCT
ajfa-12492	203	3	there	there	PRON
ajfa-12492	203	4	was	be	VERB
ajfa-12492	203	5	a	a	DET
ajfa-12492	203	6	positive	positive	ADJ
ajfa-12492	203	7	and	and	CCONJ
ajfa-12492	203	8	significant	significant	ADJ
ajfa-12492	203	9	relationship	relationship	NOUN
ajfa-12492	203	10	between	between	ADP
ajfa-12492	203	11	social	social	ADJ
ajfa-12492	203	12	transparency	transparency	NOUN
ajfa-12492	203	13	and	and	CCONJ
ajfa-12492	203	14	financial	financial	ADJ
ajfa-12492	203	15	performance	performance	NOUN
ajfa-12492	203	16	of	of	ADP
ajfa-12492	203	17	listed	list	VERB
ajfa-12492	203	18	companies	company	NOUN
ajfa-12492	203	19	in	in	ADP
ajfa-12492	203	20	east	east	PROPN
ajfa-12492	203	21	africa	africa	PROPN
ajfa-12492	203	22	.	.	PUNCT
ajfa-12492	204	1	therefore	therefore	ADV
ajfa-12492	204	2	,	,	PUNCT
ajfa-12492	204	3	it	it	PRON
ajfa-12492	204	4	can	can	AUX
ajfa-12492	204	5	be	be	AUX
ajfa-12492	204	6	concluded	conclude	VERB
ajfa-12492	204	7	that	that	SCONJ
ajfa-12492	204	8	those	those	DET
ajfa-12492	204	9	firms	firm	NOUN
ajfa-12492	204	10	which	which	PRON
ajfa-12492	204	11	are	be	AUX
ajfa-12492	204	12	consistently	consistently	ADV
ajfa-12492	204	13	involved	involve	VERB
ajfa-12492	204	14	in	in	ADP
ajfa-12492	204	15	corporate	corporate	ADJ
ajfa-12492	204	16	social	social	ADJ
ajfa-12492	204	17	responsibilities	responsibility	NOUN
ajfa-12492	204	18	benefits	benefit	NOUN
ajfa-12492	204	19	from	from	ADP
ajfa-12492	204	20	engaging	engage	VERB
ajfa-12492	204	21	stakeholders	stakeholder	NOUN
ajfa-12492	204	22	in	in	ADP
ajfa-12492	204	23	other	other	ADJ
ajfa-12492	204	24	issues	issue	NOUN
ajfa-12492	204	25	beyond	beyond	ADP
ajfa-12492	204	26	normal	normal	ADJ
ajfa-12492	204	27	lines	line	NOUN
ajfa-12492	204	28	of	of	ADP
ajfa-12492	204	29	their	their	PRON
ajfa-12492	204	30	business	business	NOUN
ajfa-12492	204	31	.	.	PUNCT
ajfa-12492	205	1	indeed	indeed	ADV
ajfa-12492	205	2	,	,	PUNCT
ajfa-12492	205	3	social	social	ADJ
ajfa-12492	205	4	activities	activity	NOUN
ajfa-12492	205	5	increases	increase	VERB
ajfa-12492	205	6	company	company	NOUN
ajfa-12492	205	7	’s	’s	PART
ajfa-12492	205	8	reputation	reputation	NOUN
ajfa-12492	205	9	through	through	ADP
ajfa-12492	205	10	social	social	ADJ
ajfa-12492	205	11	capital	capital	NOUN
ajfa-12492	205	12	development	development	NOUN
ajfa-12492	205	13	and	and	CCONJ
ajfa-12492	205	14	ultimately	ultimately	ADV
ajfa-12492	205	15	fosters	foster	VERB
ajfa-12492	205	16	financial	financial	ADJ
ajfa-12492	205	17	performance	performance	NOUN
ajfa-12492	205	18	.	.	PUNCT
ajfa-12492	206	1	thus	thus	ADV
ajfa-12492	206	2	,	,	PUNCT
ajfa-12492	206	3	it	it	PRON
ajfa-12492	206	4	can	can	AUX
ajfa-12492	206	5	be	be	AUX
ajfa-12492	206	6	concluded	conclude	VERB
ajfa-12492	206	7	that	that	SCONJ
ajfa-12492	206	8	engagement	engagement	NOUN
ajfa-12492	206	9	in	in	ADP
ajfa-12492	206	10	social	social	ADJ
ajfa-12492	206	11	activities	activity	NOUN
ajfa-12492	206	12	enhances	enhance	VERB
ajfa-12492	206	13	stakeholders	stakeholder	NOUN
ajfa-12492	206	14	bonding	bonding	NOUN
ajfa-12492	206	15	and	and	CCONJ
ajfa-12492	206	16	ultimately	ultimately	ADV
ajfa-12492	206	17	enhances	enhance	VERB
ajfa-12492	206	18	performance	performance	NOUN
ajfa-12492	206	19	.	.	PUNCT
ajfa-12492	207	1	the	the	DET
ajfa-12492	207	2	kenya	kenya	PROPN
ajfa-12492	207	3	vision	vision	PROPN
ajfa-12492	207	4	2030	2030	NUM
ajfa-12492	207	5	anticipates	anticipate	VERB
ajfa-12492	207	6	full	full	ADJ
ajfa-12492	207	7	access	access	NOUN
ajfa-12492	207	8	of	of	ADP
ajfa-12492	207	9	capital	capital	NOUN
ajfa-12492	207	10	for	for	ADP
ajfa-12492	207	11	all	all	DET
ajfa-12492	207	12	investment	investment	NOUN
ajfa-12492	207	13	needs	need	NOUN
ajfa-12492	207	14	;	;	PUNCT
ajfa-12492	207	15	this	this	PRON
ajfa-12492	207	16	can	can	AUX
ajfa-12492	207	17	be	be	AUX
ajfa-12492	207	18	achieved	achieve	VERB
ajfa-12492	207	19	if	if	SCONJ
ajfa-12492	207	20	many	many	ADJ
ajfa-12492	207	21	companies	company	NOUN
ajfa-12492	207	22	are	be	AUX
ajfa-12492	207	23	listed	list	VERB
ajfa-12492	207	24	.	.	PUNCT
ajfa-12492	208	1	to	to	PART
ajfa-12492	208	2	achieve	achieve	VERB
ajfa-12492	208	3	full	full	ADJ
ajfa-12492	208	4	benefits	benefit	NOUN
ajfa-12492	208	5	upon	upon	SCONJ
ajfa-12492	208	6	listing	list	VERB
ajfa-12492	208	7	there	there	PRON
ajfa-12492	208	8	is	be	VERB
ajfa-12492	208	9	need	need	NOUN
ajfa-12492	208	10	for	for	SCONJ
ajfa-12492	208	11	listed	list	VERB
ajfa-12492	208	12	companies	company	NOUN
ajfa-12492	208	13	to	to	PART
ajfa-12492	208	14	share	share	VERB
ajfa-12492	208	15	information	information	NOUN
ajfa-12492	208	16	freely	freely	ADV
ajfa-12492	208	17	to	to	PART
ajfa-12492	208	18	current	current	ADJ
ajfa-12492	208	19	and	and	CCONJ
ajfa-12492	208	20	potential	potential	ADJ
ajfa-12492	208	21	investors	investor	NOUN
ajfa-12492	208	22	.	.	PUNCT
ajfa-12492	209	1	this	this	PRON
ajfa-12492	209	2	can	can	AUX
ajfa-12492	209	3	only	only	ADV
ajfa-12492	209	4	be	be	AUX
ajfa-12492	209	5	achieved	achieve	VERB
ajfa-12492	209	6	if	if	SCONJ
ajfa-12492	209	7	companies	company	NOUN
ajfa-12492	209	8	adhere	adhere	VERB
ajfa-12492	209	9	to	to	ADP
ajfa-12492	209	10	provisions	provision	NOUN
ajfa-12492	209	11	as	as	SCONJ
ajfa-12492	209	12	stipulated	stipulate	VERB
ajfa-12492	209	13	by	by	ADP
ajfa-12492	209	14	international	international	ADJ
ajfa-12492	209	15	financial	financial	ADJ
ajfa-12492	209	16	reporting	reporting	NOUN
ajfa-12492	209	17	standards	standard	NOUN
ajfa-12492	209	18	.	.	PUNCT
ajfa-12492	210	1	the	the	DET
ajfa-12492	210	2	ability	ability	NOUN
ajfa-12492	210	3	of	of	ADP
ajfa-12492	210	4	listed	list	VERB
ajfa-12492	210	5	companies	company	NOUN
ajfa-12492	210	6	to	to	PART
ajfa-12492	210	7	provide	provide	VERB
ajfa-12492	210	8	information	information	NOUN
ajfa-12492	210	9	freely	freely	ADV
ajfa-12492	210	10	will	will	AUX
ajfa-12492	210	11	boost	boost	VERB
ajfa-12492	210	12	investor	investor	NOUN
ajfa-12492	210	13	confidence	confidence	NOUN
ajfa-12492	210	14	and	and	CCONJ
ajfa-12492	210	15	consequently	consequently	ADV
ajfa-12492	210	16	attract	attract	VERB
ajfa-12492	210	17	both	both	CCONJ
ajfa-12492	210	18	local	local	ADJ
ajfa-12492	210	19	and	and	CCONJ
ajfa-12492	210	20	international	international	ADJ
ajfa-12492	210	21	investors	investor	NOUN
ajfa-12492	210	22	.	.	PUNCT
ajfa-12492	211	1	to	to	ADP
ajfa-12492	211	2	the	the	DET
ajfa-12492	211	3	east	east	ADJ
ajfa-12492	211	4	african	african	ADJ
ajfa-12492	211	5	securities	security	NOUN
ajfa-12492	211	6	exchanges	exchange	NOUN
ajfa-12492	211	7	as	as	SCONJ
ajfa-12492	211	8	they	they	PRON
ajfa-12492	211	9	endeavor	endeavor	VERB
ajfa-12492	211	10	to	to	PART
ajfa-12492	211	11	formation	formation	NOUN
ajfa-12492	211	12	of	of	ADP
ajfa-12492	211	13	a	a	DET
ajfa-12492	211	14	regional	regional	ADJ
ajfa-12492	211	15	capital	capital	NOUN
ajfa-12492	211	16	market	market	NOUN
ajfa-12492	211	17	there	there	PRON
ajfa-12492	211	18	is	be	VERB
ajfa-12492	211	19	need	need	NOUN
ajfa-12492	211	20	to	to	PART
ajfa-12492	211	21	foster	foster	VERB
ajfa-12492	211	22	on	on	ADP
ajfa-12492	211	23	the	the	DET
ajfa-12492	211	24	need	need	NOUN
ajfa-12492	211	25	for	for	SCONJ
ajfa-12492	211	26	listed	list	VERB
ajfa-12492	211	27	companies	company	NOUN
ajfa-12492	211	28	to	to	PART
ajfa-12492	211	29	be	be	AUX
ajfa-12492	211	30	as	as	ADV
ajfa-12492	211	31	transparent	transparent	ADJ
ajfa-12492	211	32	as	as	ADP
ajfa-12492	211	33	possible	possible	ADJ
ajfa-12492	211	34	this	this	PRON
ajfa-12492	211	35	will	will	AUX
ajfa-12492	211	36	boost	boost	VERB
ajfa-12492	211	37	capital	capital	ADJ
ajfa-12492	211	38	flight	flight	NOUN
ajfa-12492	211	39	to	to	ADP
ajfa-12492	211	40	local	local	ADJ
ajfa-12492	211	41	markets	market	NOUN
ajfa-12492	211	42	and	and	CCONJ
ajfa-12492	211	43	ultimately	ultimately	ADV
ajfa-12492	211	44	promote	promote	VERB
ajfa-12492	211	45	investment	investment	NOUN
ajfa-12492	211	46	culture	culture	NOUN
ajfa-12492	211	47	and	and	CCONJ
ajfa-12492	211	48	foster	foster	ADJ
ajfa-12492	211	49	economic	economic	ADJ
ajfa-12492	211	50	development	development	NOUN
ajfa-12492	211	51	.	.	PUNCT
ajfa-12492	212	1	since	since	SCONJ
ajfa-12492	212	2	all	all	DET
ajfa-12492	212	3	the	the	DET
ajfa-12492	212	4	four	four	NUM
ajfa-12492	212	5	facets	facet	NOUN
ajfa-12492	212	6	of	of	ADP
ajfa-12492	212	7	corporate	corporate	ADJ
ajfa-12492	212	8	transparency	transparency	NOUN
ajfa-12492	212	9	had	have	VERB
ajfa-12492	212	10	positive	positive	ADJ
ajfa-12492	212	11	significant	significant	ADJ
ajfa-12492	212	12	relationship	relationship	NOUN
ajfa-12492	212	13	there	there	PRON
ajfa-12492	212	14	is	be	VERB
ajfa-12492	212	15	need	need	NOUN
ajfa-12492	212	16	for	for	ADP
ajfa-12492	212	17	more	more	ADV
ajfa-12492	212	18	clear	clear	ADJ
ajfa-12492	212	19	guidelines	guideline	NOUN
ajfa-12492	212	20	to	to	PART
ajfa-12492	212	21	be	be	AUX
ajfa-12492	212	22	customized	customize	VERB
ajfa-12492	212	23	to	to	PART
ajfa-12492	212	24	enhance	enhance	VERB
ajfa-12492	212	25	the	the	DET
ajfa-12492	212	26	level	level	NOUN
ajfa-12492	212	27	of	of	ADP
ajfa-12492	212	28	transparency	transparency	NOUN
ajfa-12492	212	29	in	in	ADP
ajfa-12492	212	30	every	every	DET
ajfa-12492	212	31	sector	sector	NOUN
ajfa-12492	212	32	in	in	ADP
ajfa-12492	212	33	which	which	PRON
ajfa-12492	212	34	companies	company	NOUN
ajfa-12492	212	35	are	be	AUX
ajfa-12492	212	36	listed	list	VERB
ajfa-12492	212	37	.	.	PUNCT
ajfa-12492	213	1	it	it	PRON
ajfa-12492	213	2	will	will	AUX
ajfa-12492	213	3	be	be	AUX
ajfa-12492	213	4	paramount	paramount	ADJ
ajfa-12492	213	5	for	for	SCONJ
ajfa-12492	213	6	the	the	DET
ajfa-12492	213	7	incumbent	incumbent	ADJ
ajfa-12492	213	8	management	management	NOUN
ajfa-12492	213	9	of	of	ADP
ajfa-12492	213	10	all	all	DET
ajfa-12492	213	11	listed	list	VERB
ajfa-12492	213	12	companies	company	NOUN
ajfa-12492	213	13	to	to	PART
ajfa-12492	213	14	evaluate	evaluate	VERB
ajfa-12492	213	15	their	their	PRON
ajfa-12492	213	16	levels	level	NOUN
ajfa-12492	213	17	of	of	ADP
ajfa-12492	213	18	transparency	transparency	NOUN
ajfa-12492	213	19	and	and	CCONJ
ajfa-12492	213	20	in	in	ADP
ajfa-12492	213	21	areas	area	NOUN
ajfa-12492	213	22	where	where	SCONJ
ajfa-12492	213	23	they	they	PRON
ajfa-12492	213	24	are	be	AUX
ajfa-12492	213	25	void	void	ADJ
ajfa-12492	213	26	they	they	PRON
ajfa-12492	213	27	increase	increase	VERB
ajfa-12492	213	28	as	as	ADP
ajfa-12492	213	29	such	such	ADJ
ajfa-12492	213	30	to	to	PART
ajfa-12492	213	31	minimize	minimize	VERB
ajfa-12492	213	32	agency	agency	NOUN
ajfa-12492	213	33	conflict	conflict	NOUN
ajfa-12492	213	34	.	.	PUNCT
ajfa-12492	214	1	to	to	ADP
ajfa-12492	214	2	the	the	DET
ajfa-12492	214	3	east	east	ADJ
ajfa-12492	214	4	african	african	ADJ
ajfa-12492	214	5	community	community	NOUN
ajfa-12492	214	6	secretariat	secretariat	NOUN
ajfa-12492	214	7	it	it	PRON
ajfa-12492	214	8	is	be	AUX
ajfa-12492	214	9	recommended	recommend	VERB
ajfa-12492	214	10	that	that	SCONJ
ajfa-12492	214	11	they	they	PRON
ajfa-12492	214	12	lobby	lobby	VERB
ajfa-12492	214	13	aggressively	aggressively	ADV
ajfa-12492	214	14	for	for	ADP
ajfa-12492	214	15	regulatory	regulatory	ADJ
ajfa-12492	214	16	and	and	CCONJ
ajfa-12492	214	17	technological	technological	ADJ
ajfa-12492	214	18	advancement	advancement	NOUN
ajfa-12492	214	19	which	which	PRON
ajfa-12492	214	20	would	would	AUX
ajfa-12492	214	21	enhance	enhance	VERB
ajfa-12492	214	22	cross	cross	VERB
ajfa-12492	214	23	border	border	NOUN
ajfa-12492	214	24	listing	listing	NOUN
ajfa-12492	214	25	and	and	CCONJ
ajfa-12492	214	26	trading	trading	NOUN
ajfa-12492	214	27	to	to	PART
ajfa-12492	214	28	be	be	AUX
ajfa-12492	214	29	enacted	enact	VERB
ajfa-12492	214	30	and	and	CCONJ
ajfa-12492	214	31	adopted	adopt	VERB
ajfa-12492	214	32	by	by	ADP
ajfa-12492	214	33	all	all	DET
ajfa-12492	214	34	east	east	PROPN
ajfa-12492	214	35	africa	africa	PROPN
ajfa-12492	214	36	community	community	PROPN
ajfa-12492	214	37	(	(	PUNCT
ajfa-12492	214	38	eac	eac	PROPN
ajfa-12492	214	39	)	)	PUNCT
ajfa-12492	214	40	members	member	NOUN
ajfa-12492	214	41	swiftly	swiftly	ADV
ajfa-12492	214	42	.	.	PUNCT
ajfa-12492	215	1	moreover	moreover	ADV
ajfa-12492	215	2	,	,	PUNCT
ajfa-12492	215	3	the	the	DET
ajfa-12492	215	4	measures	measure	NOUN
ajfa-12492	215	5	should	should	AUX
ajfa-12492	215	6	be	be	AUX
ajfa-12492	215	7	in	in	ADP
ajfa-12492	215	8	tandem	tandem	NOUN
ajfa-12492	215	9	in	in	ADP
ajfa-12492	215	10	enhancing	enhance	VERB
ajfa-12492	215	11	corporate	corporate	ADJ
ajfa-12492	215	12	transparency	transparency	NOUN
ajfa-12492	215	13	and	and	CCONJ
ajfa-12492	215	14	this	this	PRON
ajfa-12492	215	15	will	will	AUX
ajfa-12492	215	16	ultimately	ultimately	ADV
ajfa-12492	215	17	strengthen	strengthen	VERB
ajfa-12492	215	18	the	the	DET
ajfa-12492	215	19	growth	growth	NOUN
ajfa-12492	215	20	of	of	ADP
ajfa-12492	215	21	east	east	PROPN
ajfa-12492	215	22	africa	africa	PROPN
ajfa-12492	215	23	securities	security	NOUN
ajfa-12492	215	24	exchanges	exchange	NOUN
ajfa-12492	215	25	through	through	ADP
ajfa-12492	215	26	coherent	coherent	ADJ
ajfa-12492	215	27	and	and	CCONJ
ajfa-12492	215	28	streamlined	streamlined	ADJ
ajfa-12492	215	29	networking	networking	NOUN
ajfa-12492	215	30	platforms	platform	NOUN
ajfa-12492	215	31	.	.	PUNCT
ajfa-12492	216	1	6.1	6.1	NUM
ajfa-12492	216	2	suggestions	suggestion	NOUN
ajfa-12492	216	3	for	for	ADP
ajfa-12492	216	4	further	further	ADJ
ajfa-12492	216	5	studies	study	NOUN
ajfa-12492	216	6	since	since	SCONJ
ajfa-12492	216	7	the	the	DET
ajfa-12492	216	8	current	current	ADJ
ajfa-12492	216	9	study	study	NOUN
ajfa-12492	216	10	drew	draw	VERB
ajfa-12492	216	11	respondents	respondent	NOUN
ajfa-12492	216	12	from	from	ADP
ajfa-12492	216	13	east	east	PROPN
ajfa-12492	216	14	africa	africa	PROPN
ajfa-12492	216	15	for	for	ADP
ajfa-12492	216	16	a	a	DET
ajfa-12492	216	17	period	period	NOUN
ajfa-12492	216	18	of	of	ADP
ajfa-12492	216	19	ten	ten	NUM
ajfa-12492	216	20	years	year	NOUN
ajfa-12492	216	21	there	there	PRON
ajfa-12492	216	22	is	be	VERB
ajfa-12492	216	23	need	need	NOUN
ajfa-12492	216	24	for	for	SCONJ
ajfa-12492	216	25	a	a	DET
ajfa-12492	216	26	similar	similar	ADJ
ajfa-12492	216	27	study	study	NOUN
ajfa-12492	216	28	to	to	PART
ajfa-12492	216	29	be	be	AUX
ajfa-12492	216	30	carried	carry	VERB
ajfa-12492	216	31	out	out	ADP
ajfa-12492	216	32	in	in	ADP
ajfa-12492	216	33	africa	africa	PROPN
ajfa-12492	216	34	,	,	PUNCT
ajfa-12492	216	35	europe	europe	PROPN
ajfa-12492	216	36	,	,	PUNCT
ajfa-12492	216	37	america	america	PROPN
ajfa-12492	216	38	or	or	CCONJ
ajfa-12492	216	39	asia	asia	PROPN
ajfa-12492	216	40	.	.	PUNCT
ajfa-12492	217	1	this	this	PRON
ajfa-12492	217	2	will	will	AUX
ajfa-12492	217	3	necessitate	necessitate	VERB
ajfa-12492	217	4	comparison	comparison	NOUN
ajfa-12492	217	5	of	of	ADP
ajfa-12492	217	6	the	the	DET
ajfa-12492	217	7	study	study	NOUN
ajfa-12492	217	8	findings	finding	NOUN
ajfa-12492	217	9	and	and	CCONJ
ajfa-12492	217	10	minimize	minimize	VERB
ajfa-12492	217	11	possibilities	possibility	NOUN
ajfa-12492	217	12	of	of	ADP
ajfa-12492	217	13	generalizing	generalize	VERB
ajfa-12492	217	14	the	the	DET
ajfa-12492	217	15	current	current	ADJ
ajfa-12492	217	16	findings	finding	NOUN
ajfa-12492	217	17	.	.	PUNCT
ajfa-12492	218	1	secondly	secondly	ADV
ajfa-12492	218	2	,	,	PUNCT
ajfa-12492	218	3	there	there	PRON
ajfa-12492	218	4	is	be	VERB
ajfa-12492	218	5	need	need	NOUN
ajfa-12492	218	6	to	to	PART
ajfa-12492	218	7	carry	carry	VERB
ajfa-12492	218	8	out	out	ADP
ajfa-12492	218	9	a	a	DET
ajfa-12492	218	10	study	study	NOUN
ajfa-12492	218	11	for	for	ADP
ajfa-12492	218	12	each	each	DET
ajfa-12492	218	13	independent	independent	ADJ
ajfa-12492	218	14	country	country	NOUN
ajfa-12492	218	15	securities	security	NOUN
ajfa-12492	218	16	market	market	NOUN
ajfa-12492	218	17	and	and	CCONJ
ajfa-12492	218	18	considered	consider	VERB
ajfa-12492	218	19	other	other	ADJ
ajfa-12492	218	20	facets	facet	NOUN
ajfa-12492	218	21	of	of	ADP
ajfa-12492	218	22	corporate	corporate	ADJ
ajfa-12492	218	23	transparency	transparency	NOUN
ajfa-12492	218	24	disclosures	disclosure	NOUN
ajfa-12492	218	25	beyond	beyond	ADP
ajfa-12492	218	26	risk	risk	NOUN
ajfa-12492	218	27	,	,	PUNCT
ajfa-12492	218	28	social	social	ADJ
ajfa-12492	218	29	,	,	PUNCT
ajfa-12492	218	30	financial	financial	ADJ
ajfa-12492	218	31	and	and	CCONJ
ajfa-12492	218	32	governance	governance	NOUN
ajfa-12492	218	33	.	.	PUNCT
ajfa-12492	219	1	asian	asian	ADJ
ajfa-12492	219	2	journal	journal	PROPN
ajfa-12492	219	3	of	of	ADP
ajfa-12492	219	4	finance	finance	PROPN
ajfa-12492	219	5	&	&	CCONJ
ajfa-12492	219	6	accounting	accounting	PROPN
ajfa-12492	219	7	issn	issn	PROPN
ajfa-12492	219	8	1946	1946	NUM
ajfa-12492	219	9	-	-	PUNCT
ajfa-12492	219	10	052x	052x	NOUN
ajfa-12492	219	11	2018	2018	NUM
ajfa-12492	219	12	,	,	PUNCT
ajfa-12492	219	13	vol	vol	NOUN
ajfa-12492	219	14	.	.	PROPN
ajfa-12492	220	1	10	10	NUM
ajfa-12492	220	2	,	,	PUNCT
ajfa-12492	220	3	no	no	INTJ
ajfa-12492	220	4	.	.	NOUN
ajfa-12492	220	5	1	1	NUM
ajfa-12492	220	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	220	7	14	14	NUM
ajfa-12492	220	8	references	reference	NOUN
ajfa-12492	220	9	abraham	abraham	PROPN
ajfa-12492	220	10	,	,	PUNCT
ajfa-12492	220	11	s	s	PROPN
ajfa-12492	220	12	&	&	CCONJ
ajfa-12492	220	13	cox	cox	PROPN
ajfa-12492	220	14	,	,	PUNCT
ajfa-12492	220	15	p.	p.	NOUN
ajfa-12492	220	16	(	(	PUNCT
ajfa-12492	220	17	2007	2007	NUM
ajfa-12492	220	18	)	)	PUNCT
ajfa-12492	220	19	.	.	PUNCT
ajfa-12492	221	1	analyzing	analyze	VERB
ajfa-12492	221	2	the	the	DET
ajfa-12492	221	3	determinants	determinant	NOUN
ajfa-12492	221	4	of	of	ADP
ajfa-12492	221	5	narrative	narrative	ADJ
ajfa-12492	221	6	risk	risk	NOUN
ajfa-12492	221	7	information	information	NOUN
ajfa-12492	221	8	in	in	ADP
ajfa-12492	221	9	uk	uk	PROPN
ajfa-12492	221	10	ftse	ftse	VERB
ajfa-12492	221	11	100	100	NUM
ajfa-12492	221	12	annual	annual	ADJ
ajfa-12492	221	13	reports	report	NOUN
ajfa-12492	221	14	.	.	PUNCT
ajfa-12492	222	1	the	the	DET
ajfa-12492	222	2	british	british	PROPN
ajfa-12492	222	3	accounting	accounting	PROPN
ajfa-12492	222	4	review	review	PROPN
ajfa-12492	222	5	,	,	PUNCT
ajfa-12492	222	6	39(3	39(3	NUM
ajfa-12492	222	7	)	)	PUNCT
ajfa-12492	222	8	,	,	PUNCT
ajfa-12492	222	9	227	227	NUM
ajfa-12492	222	10	-	-	SYM
ajfa-12492	222	11	248	248	NUM
ajfa-12492	222	12	.	.	PUNCT
ajfa-12492	223	1	https://doi.org/10.1016/j.bar.2007.06.002	https://doi.org/10.1016/j.bar.2007.06.002	PROPN
ajfa-12492	223	2	aksu	aksu	PROPN
ajfa-12492	223	3	,	,	PUNCT
ajfa-12492	223	4	m.	m.	NOUN
ajfa-12492	223	5	,	,	PUNCT
ajfa-12492	223	6	&	&	CCONJ
ajfa-12492	223	7	kosedag	kosedag	PROPN
ajfa-12492	223	8	,	,	PUNCT
ajfa-12492	223	9	a.	a.	NOUN
ajfa-12492	223	10	(	(	PUNCT
ajfa-12492	223	11	2005	2005	NUM
ajfa-12492	223	12	)	)	PUNCT
ajfa-12492	223	13	.	.	PUNCT
ajfa-12492	224	1	the	the	DET
ajfa-12492	224	2	relationship	relationship	NOUN
ajfa-12492	224	3	between	between	ADP
ajfa-12492	224	4	transparency	transparency	NOUN
ajfa-12492	224	5	&	&	CCONJ
ajfa-12492	224	6	disclosure	disclosure	NOUN
ajfa-12492	224	7	and	and	CCONJ
ajfa-12492	224	8	firm	firm	ADJ
ajfa-12492	224	9	performance	performance	NOUN
ajfa-12492	224	10	in	in	ADP
ajfa-12492	224	11	the	the	DET
ajfa-12492	224	12	ise	ise	NOUN
ajfa-12492	224	13	:	:	PUNCT
ajfa-12492	224	14	does	do	AUX
ajfa-12492	224	15	ifrs	ifrs	NOUN
ajfa-12492	224	16	adoption	adoption	NOUN
ajfa-12492	224	17	make	make	VERB
ajfa-12492	224	18	a	a	DET
ajfa-12492	224	19	difference	difference	NOUN
ajfa-12492	224	20	?	?	PUNCT
ajfa-12492	225	1	available	available	ADJ
ajfa-12492	225	2	online	online	ADV
ajfa-12492	225	3	on	on	ADP
ajfa-12492	225	4	https://www.researchgate.net	https://www.researchgate.net	PROPN
ajfa-12492	225	5	accessed	access	VERB
ajfa-12492	225	6	on	on	ADP
ajfa-12492	225	7	23/1/2017	23/1/2017	NUM
ajfa-12492	225	8	.	.	PUNCT
ajfa-12492	226	1	ayako	ayako	PROPN
ajfa-12492	226	2	,	,	PUNCT
ajfa-12492	226	3	a.	a.	PROPN
ajfa-12492	226	4	,	,	PUNCT
ajfa-12492	226	5	kungu	kungu	PROPN
ajfa-12492	226	6	,	,	PUNCT
ajfa-12492	226	7	g.	g.	PROPN
ajfa-12492	226	8	,	,	PUNCT
ajfa-12492	226	9	&	&	CCONJ
ajfa-12492	226	10	githui	githui	NOUN
ajfa-12492	226	11	,	,	PUNCT
ajfa-12492	226	12	t.	t.	PROPN
ajfa-12492	226	13	(	(	PUNCT
ajfa-12492	226	14	2012	2012	NUM
ajfa-12492	226	15	)	)	PUNCT
ajfa-12492	226	16	.	.	PUNCT
ajfa-12492	227	1	determinants	determinant	NOUN
ajfa-12492	227	2	of	of	ADP
ajfa-12492	227	3	the	the	DET
ajfa-12492	227	4	performance	performance	NOUN
ajfa-12492	227	5	of	of	ADP
ajfa-12492	227	6	firms	firm	NOUN
ajfa-12492	227	7	listed	list	VERB
ajfa-12492	227	8	at	at	ADP
ajfa-12492	227	9	the	the	DET
ajfa-12492	227	10	nairobi	nairobi	PROPN
ajfa-12492	227	11	securities	securities	PROPN
ajfa-12492	227	12	exchange	exchange	PROPN
ajfa-12492	227	13	.	.	PUNCT
ajfa-12492	228	1	research	research	NOUN
ajfa-12492	228	2	journal	journal	PROPN
ajfa-12492	228	3	of	of	ADP
ajfa-12492	228	4	finance	finance	NOUN
ajfa-12492	228	5	and	and	CCONJ
ajfa-12492	228	6	accounting	accounting	NOUN
ajfa-12492	228	7	,	,	PUNCT
ajfa-12492	228	8	6(12	6(12	NUM
ajfa-12492	228	9	)	)	PUNCT
ajfa-12492	228	10	,	,	PUNCT
ajfa-12492	228	11	157	157	NUM
ajfa-12492	228	12	-	-	SYM
ajfa-12492	228	13	164	164	NUM
ajfa-12492	228	14	.	.	PUNCT
ajfa-12492	229	1	baltagi	baltagi	NOUN
ajfa-12492	229	2	,	,	PUNCT
ajfa-12492	229	3	b.h	b.h	PROPN
ajfa-12492	229	4	.	.	PUNCT
ajfa-12492	229	5	(	(	PUNCT
ajfa-12492	229	6	2005	2005	NUM
ajfa-12492	229	7	)	)	PUNCT
ajfa-12492	229	8	.	.	PUNCT
ajfa-12492	230	1	econometric	econometric	ADJ
ajfa-12492	230	2	analysis	analysis	NOUN
ajfa-12492	230	3	of	of	ADP
ajfa-12492	230	4	panel	panel	NOUN
ajfa-12492	230	5	data	datum	NOUN
ajfa-12492	230	6	,	,	PUNCT
ajfa-12492	230	7	john	john	PROPN
ajfa-12492	230	8	wiley	wiley	PROPN
ajfa-12492	230	9	&	&	CCONJ
ajfa-12492	230	10	sons	sons	PROPN
ajfa-12492	230	11	bhat	bhat	PROPN
ajfa-12492	230	12	,	,	PUNCT
ajfa-12492	230	13	g.	g.	PROPN
ajfa-12492	230	14	,	,	PUNCT
ajfa-12492	230	15	hope	hope	NOUN
ajfa-12492	230	16	,	,	PUNCT
ajfa-12492	230	17	o.	o.	PROPN
ajfa-12492	230	18	,	,	PUNCT
ajfa-12492	230	19	&	&	CCONJ
ajfa-12492	230	20	kang	kang	PROPN
ajfa-12492	230	21	,	,	PUNCT
ajfa-12492	230	22	t.	t.	PROPN
ajfa-12492	230	23	(	(	PUNCT
ajfa-12492	230	24	2006	2006	NUM
ajfa-12492	230	25	)	)	PUNCT
ajfa-12492	230	26	.	.	PUNCT
ajfa-12492	231	1	does	do	AUX
ajfa-12492	231	2	corporate	corporate	ADJ
ajfa-12492	231	3	governance	governance	NOUN
ajfa-12492	231	4	transparency	transparency	NOUN
ajfa-12492	231	5	affect	affect	VERB
ajfa-12492	231	6	the	the	DET
ajfa-12492	231	7	accuracy	accuracy	NOUN
ajfa-12492	231	8	of	of	ADP
ajfa-12492	231	9	analyst	analyst	NOUN
ajfa-12492	231	10	forecasts	forecast	NOUN
ajfa-12492	231	11	?	?	PUNCT
ajfa-12492	231	12	.	.	PUNCT
ajfa-12492	232	1	journal	journal	PROPN
ajfa-12492	232	2	of	of	ADP
ajfa-12492	232	3	accounting	accounting	PROPN
ajfa-12492	232	4	&	&	CCONJ
ajfa-12492	232	5	finance	finance	PROPN
ajfa-12492	232	6	,	,	PUNCT
ajfa-12492	232	7	46(5	46(5	PROPN
ajfa-12492	232	8	)	)	PUNCT
ajfa-12492	232	9	,	,	PUNCT
ajfa-12492	232	10	715	715	X
ajfa-12492	232	11	-	-	SYM
ajfa-12492	232	12	732	732	NUM
ajfa-12492	232	13	.	.	PUNCT
ajfa-12492	233	1	https://doi.org/10.1111/j.1467-629x.2006.00191.x	https://doi.org/10.1111/j.1467-629x.2006.00191.x	PROPN
ajfa-12492	233	2	cadbury	cadbury	PROPN
ajfa-12492	233	3	,	,	PUNCT
ajfa-12492	233	4	a.	a.	NOUN
ajfa-12492	233	5	(	(	PUNCT
ajfa-12492	233	6	1992	1992	NUM
ajfa-12492	233	7	)	)	PUNCT
ajfa-12492	233	8	.	.	PUNCT
ajfa-12492	234	1	codes	code	NOUN
ajfa-12492	234	2	of	of	ADP
ajfa-12492	234	3	best	good	ADJ
ajfa-12492	234	4	practice	practice	NOUN
ajfa-12492	234	5	,	,	PUNCT
ajfa-12492	234	6	report	report	NOUN
ajfa-12492	234	7	from	from	ADP
ajfa-12492	234	8	the	the	DET
ajfa-12492	234	9	committee	committee	NOUN
ajfa-12492	234	10	on	on	ADP
ajfa-12492	234	11	financial	financial	ADJ
ajfa-12492	234	12	aspects	aspect	NOUN
ajfa-12492	234	13	of	of	ADP
ajfa-12492	234	14	corporate	corporate	ADJ
ajfa-12492	234	15	governance	governance	NOUN
ajfa-12492	234	16	.	.	PUNCT
ajfa-12492	235	1	london	london	PROPN
ajfa-12492	235	2	,	,	PUNCT
ajfa-12492	235	3	gee	gee	PROPN
ajfa-12492	235	4	publishing	publishing	NOUN
ajfa-12492	235	5	cebenoyan	cebenoyan	NOUN
ajfa-12492	235	6	,	,	PUNCT
ajfa-12492	235	7	a.s	a.s	PROPN
ajfa-12492	235	8	.	.	PROPN
ajfa-12492	235	9	,	,	PUNCT
ajfa-12492	235	10	&	&	CCONJ
ajfa-12492	235	11	strahan	strahan	PROPN
ajfa-12492	235	12	,	,	PUNCT
ajfa-12492	235	13	p.e	p.e	PROPN
ajfa-12492	235	14	.	.	PROPN
ajfa-12492	235	15	(	(	PUNCT
ajfa-12492	235	16	2004	2004	NUM
ajfa-12492	235	17	)	)	PUNCT
ajfa-12492	235	18	.	.	PUNCT
ajfa-12492	236	1	risk	risk	NOUN
ajfa-12492	236	2	management	management	NOUN
ajfa-12492	236	3	,	,	PUNCT
ajfa-12492	236	4	capital	capital	NOUN
ajfa-12492	236	5	structure	structure	NOUN
ajfa-12492	236	6	and	and	CCONJ
ajfa-12492	236	7	lending	lending	NOUN
ajfa-12492	236	8	at	at	ADP
ajfa-12492	236	9	banks	bank	NOUN
ajfa-12492	236	10	.	.	PUNCT
ajfa-12492	237	1	journal	journal	PROPN
ajfa-12492	237	2	of	of	ADP
ajfa-12492	237	3	banking	banking	NOUN
ajfa-12492	237	4	&	&	CCONJ
ajfa-12492	237	5	finance	finance	PROPN
ajfa-12492	237	6	,	,	PUNCT
ajfa-12492	237	7	2(8	2(8	NUM
ajfa-12492	237	8	)	)	PUNCT
ajfa-12492	237	9	,	,	PUNCT
ajfa-12492	237	10	19	19	NUM
ajfa-12492	237	11	-	-	SYM
ajfa-12492	237	12	43	43	NUM
ajfa-12492	237	13	.	.	PUNCT
ajfa-12492	238	1	https://doi.org/10.1016/s0378-4266(02)00391-6	https://doi.org/10.1016/s0378-4266(02)00391-6	PROPN
ajfa-12492	238	2	conyon	conyon	NOUN
ajfa-12492	238	3	,	,	PUNCT
ajfa-12492	238	4	m.	m.	NOUN
ajfa-12492	238	5	,	,	PUNCT
ajfa-12492	238	6	&	&	CCONJ
ajfa-12492	238	7	joachim	joachim	PROPN
ajfa-12492	238	8	s	s	PROPN
ajfa-12492	238	9	,	,	PUNCT
ajfa-12492	238	10	(	(	PUNCT
ajfa-12492	238	11	2000	2000	NUM
ajfa-12492	238	12	)	)	PUNCT
ajfa-12492	238	13	.	.	PUNCT
ajfa-12492	239	1	executive	executive	PROPN
ajfa-12492	239	2	compensation	compensation	PROPN
ajfa-12492	239	3	:	:	PUNCT
ajfa-12492	239	4	evidence	evidence	NOUN
ajfa-12492	239	5	from	from	ADP
ajfa-12492	239	6	the	the	DET
ajfa-12492	239	7	uk	uk	PROPN
ajfa-12492	239	8	and	and	CCONJ
ajfa-12492	239	9	germany	germany	PROPN
ajfa-12492	239	10	,	,	PUNCT
ajfa-12492	239	11	long	long	ADJ
ajfa-12492	239	12	range	range	NOUN
ajfa-12492	239	13	planning	planning	NOUN
ajfa-12492	239	14	,	,	PUNCT
ajfa-12492	239	15	33	33	NUM
ajfa-12492	239	16	,	,	PUNCT
ajfa-12492	239	17	504	504	NUM
ajfa-12492	239	18	-	-	SYM
ajfa-12492	239	19	526	526	NUM
ajfa-12492	239	20	.	.	PUNCT
ajfa-12492	240	1	https://doi.org/10.1016/s0024-6301(00)00052-2	https://doi.org/10.1016/s0024-6301(00)00052-2	PROPN
ajfa-12492	240	2	craig	craig	PROPN
ajfa-12492	240	3	,	,	PUNCT
ajfa-12492	240	4	v.	v.	ADP
ajfa-12492	240	5	v.	v.	PROPN
ajfa-12492	240	6	(	(	PUNCT
ajfa-12492	240	7	2005	2005	NUM
ajfa-12492	240	8	)	)	PUNCT
ajfa-12492	240	9	.	.	PUNCT
ajfa-12492	241	1	the	the	DET
ajfa-12492	241	2	changing	change	VERB
ajfa-12492	241	3	corporate	corporate	ADJ
ajfa-12492	241	4	governance	governance	NOUN
ajfa-12492	241	5	environment	environment	NOUN
ajfa-12492	241	6	:	:	PUNCT
ajfa-12492	241	7	implications	implication	NOUN
ajfa-12492	241	8	for	for	ADP
ajfa-12492	241	9	the	the	DET
ajfa-12492	241	10	banking	banking	NOUN
ajfa-12492	241	11	industry	industry	NOUN
ajfa-12492	241	12	.	.	PUNCT
ajfa-12492	242	1	fdic	fdic	PROPN
ajfa-12492	242	2	banking	banking	PROPN
ajfa-12492	242	3	review	review	PROPN
ajfa-12492	242	4	,	,	PUNCT
ajfa-12492	242	5	4(2	4(2	NUM
ajfa-12492	242	6	)	)	PUNCT
ajfa-12492	242	7	,	,	PUNCT
ajfa-12492	242	8	1	1	NUM
ajfa-12492	242	9	-	-	SYM
ajfa-12492	242	10	15	15	NUM
ajfa-12492	242	11	.	.	PUNCT
ajfa-12492	243	1	donaldson	donaldson	PROPN
ajfa-12492	243	2	,	,	PUNCT
ajfa-12492	243	3	w.h	w.h	PROPN
ajfa-12492	243	4	.	.	PROPN
ajfa-12492	243	5	(	(	PUNCT
ajfa-12492	243	6	2003	2003	NUM
ajfa-12492	243	7	)	)	PUNCT
ajfa-12492	243	8	.	.	PUNCT
ajfa-12492	244	1	corporate	corporate	ADJ
ajfa-12492	244	2	governance	governance	NOUN
ajfa-12492	244	3	.	.	PUNCT
ajfa-12492	245	1	business	business	NOUN
ajfa-12492	245	2	economics	economic	NOUN
ajfa-12492	245	3	,	,	PUNCT
ajfa-12492	245	4	3(8	3(8	NUM
ajfa-12492	245	5	)	)	PUNCT
ajfa-12492	245	6	,	,	PUNCT
ajfa-12492	245	7	16	16	NUM
ajfa-12492	245	8	-	-	SYM
ajfa-12492	245	9	20	20	NUM
ajfa-12492	245	10	.	.	PUNCT
ajfa-12492	246	1	el	el	NOUN
ajfa-12492	246	2	-	-	PUNCT
ajfa-12492	246	3	dereny	dereny	PROPN
ajfa-12492	246	4	,	,	PUNCT
ajfa-12492	246	5	m.	m.	NOUN
ajfa-12492	246	6	,	,	PUNCT
ajfa-12492	246	7	&	&	CCONJ
ajfa-12492	246	8	rashwan	rashwan	PROPN
ajfa-12492	246	9	,	,	PUNCT
ajfa-12492	246	10	n.	n.	PROPN
ajfa-12492	246	11	i.	i.	PROPN
ajfa-12492	246	12	(	(	PUNCT
ajfa-12492	246	13	2011	2011	NUM
ajfa-12492	246	14	)	)	PUNCT
ajfa-12492	246	15	.	.	PUNCT
ajfa-12492	247	1	solving	solve	VERB
ajfa-12492	247	2	multicollinearity	multicollinearity	NOUN
ajfa-12492	247	3	problem	problem	NOUN
ajfa-12492	247	4	using	use	VERB
ajfa-12492	247	5	ridge	ridge	NOUN
ajfa-12492	247	6	regression	regression	NOUN
ajfa-12492	247	7	models	model	NOUN
ajfa-12492	247	8	.	.	PUNCT
ajfa-12492	248	1	international	international	ADJ
ajfa-12492	248	2	journal	journal	PROPN
ajfa-12492	248	3	of	of	ADP
ajfa-12492	248	4	contemporary	contemporary	PROPN
ajfa-12492	248	5	mathematical	mathematical	PROPN
ajfa-12492	248	6	sciences	sciences	PROPN
ajfa-12492	248	7	,	,	PUNCT
ajfa-12492	248	8	6(12	6(12	NUM
ajfa-12492	248	9	)	)	PUNCT
ajfa-12492	248	10	,	,	PUNCT
ajfa-12492	248	11	585	585	NUM
ajfa-12492	248	12	-	-	SYM
ajfa-12492	248	13	600	600	NUM
ajfa-12492	248	14	.	.	PUNCT
ajfa-12492	249	1	francis	francis	PROPN
ajfa-12492	249	2	,	,	PUNCT
ajfa-12492	249	3	j.r	j.r	PROPN
ajfa-12492	249	4	.	.	PROPN
ajfa-12492	249	5	,	,	PUNCT
ajfa-12492	249	6	huang	huang	PROPN
ajfa-12492	249	7	,	,	PUNCT
ajfa-12492	249	8	s.	s.	PROPN
ajfa-12492	249	9	,	,	PUNCT
ajfa-12492	249	10	khurana	khurana	PROPN
ajfa-12492	249	11	,	,	PUNCT
ajfa-12492	249	12	i.	i.	PROPN
ajfa-12492	249	13	k.	k.	PROPN
ajfa-12492	249	14	,	,	PUNCT
ajfa-12492	249	15	&	&	CCONJ
ajfa-12492	249	16	pereira	pereira	PROPN
ajfa-12492	249	17	,	,	PUNCT
ajfa-12492	249	18	r.	r.	PROPN
ajfa-12492	249	19	(	(	PUNCT
ajfa-12492	249	20	2009	2009	NUM
ajfa-12492	249	21	)	)	PUNCT
ajfa-12492	249	22	.	.	PUNCT
ajfa-12492	250	1	does	do	AUX
ajfa-12492	250	2	corporate	corporate	ADJ
ajfa-12492	250	3	transparency	transparency	NOUN
ajfa-12492	250	4	contribute	contribute	VERB
ajfa-12492	250	5	to	to	ADP
ajfa-12492	250	6	efficient	efficient	ADJ
ajfa-12492	250	7	resource	resource	NOUN
ajfa-12492	250	8	allocation	allocation	NOUN
ajfa-12492	250	9	,	,	PUNCT
ajfa-12492	250	10	journal	journal	NOUN
ajfa-12492	250	11	of	of	ADP
ajfa-12492	250	12	accounting	accounting	NOUN
ajfa-12492	250	13	research	research	NOUN
ajfa-12492	250	14	,	,	PUNCT
ajfa-12492	250	15	47(4	47(4	PROPN
ajfa-12492	250	16	)	)	PUNCT
ajfa-12492	250	17	,	,	PUNCT
ajfa-12492	250	18	943	943	NUM
ajfa-12492	250	19	-	-	SYM
ajfa-12492	250	20	989	989	NUM
ajfa-12492	250	21	.	.	PUNCT
ajfa-12492	251	1	https://doi.org/10.1111/j.1475-679x.2009.00340.x	https://doi.org/10.1111/j.1475-679x.2009.00340.x	PROPN
ajfa-12492	251	2	fung	fung	PROPN
ajfa-12492	251	3	,	,	PUNCT
ajfa-12492	251	4	b.	b.	PROPN
ajfa-12492	251	5	(	(	PUNCT
ajfa-12492	251	6	2014	2014	NUM
ajfa-12492	251	7	)	)	PUNCT
ajfa-12492	251	8	.	.	PUNCT
ajfa-12492	252	1	the	the	DET
ajfa-12492	252	2	demand	demand	NOUN
ajfa-12492	252	3	and	and	CCONJ
ajfa-12492	252	4	need	need	VERB
ajfa-12492	252	5	for	for	ADP
ajfa-12492	252	6	transparency	transparency	NOUN
ajfa-12492	252	7	and	and	CCONJ
ajfa-12492	252	8	disclosure	disclosure	NOUN
ajfa-12492	252	9	in	in	ADP
ajfa-12492	252	10	corporate	corporate	ADJ
ajfa-12492	252	11	governance	governance	NOUN
ajfa-12492	252	12	.	.	PUNCT
ajfa-12492	253	1	universal	universal	ADJ
ajfa-12492	253	2	journal	journal	PROPN
ajfa-12492	253	3	of	of	ADP
ajfa-12492	253	4	management	management	NOUN
ajfa-12492	253	5	,	,	PUNCT
ajfa-12492	253	6	2(2	2(2	NUM
ajfa-12492	253	7	)	)	PUNCT
ajfa-12492	253	8	,	,	PUNCT
ajfa-12492	253	9	72	72	NUM
ajfa-12492	253	10	-	-	SYM
ajfa-12492	253	11	80	80	NUM
ajfa-12492	253	12	jensen	jensen	PROPN
ajfa-12492	253	13	,	,	PUNCT
ajfa-12492	253	14	m.	m.	PROPN
ajfa-12492	253	15	c.	c.	PROPN
ajfa-12492	253	16	,	,	PUNCT
ajfa-12492	253	17	&	&	CCONJ
ajfa-12492	253	18	meckling	meckling	PROPN
ajfa-12492	253	19	,	,	PUNCT
ajfa-12492	253	20	w.	w.	PROPN
ajfa-12492	253	21	h.	h.	PROPN
ajfa-12492	253	22	(	(	PUNCT
ajfa-12492	253	23	1976	1976	NUM
ajfa-12492	253	24	)	)	PUNCT
ajfa-12492	253	25	.	.	PUNCT
ajfa-12492	254	1	theory	theory	NOUN
ajfa-12492	254	2	of	of	ADP
ajfa-12492	254	3	the	the	DET
ajfa-12492	254	4	firm	firm	NOUN
ajfa-12492	254	5	:	:	PUNCT
ajfa-12492	254	6	managerial	managerial	ADJ
ajfa-12492	254	7	behaviour	behaviour	NOUN
ajfa-12492	254	8	,	,	PUNCT
ajfa-12492	254	9	agency	agency	NOUN
ajfa-12492	254	10	costs	cost	NOUN
ajfa-12492	254	11	,	,	PUNCT
ajfa-12492	254	12	and	and	CCONJ
ajfa-12492	254	13	ownership	ownership	NOUN
ajfa-12492	254	14	structure	structure	NOUN
ajfa-12492	254	15	.	.	PUNCT
ajfa-12492	255	1	journal	journal	NOUN
ajfa-12492	255	2	of	of	ADP
ajfa-12492	255	3	financial	financial	ADJ
ajfa-12492	255	4	economics	economic	NOUN
ajfa-12492	255	5	,	,	PUNCT
ajfa-12492	255	6	3(4	3(4	NUM
ajfa-12492	255	7	)	)	PUNCT
ajfa-12492	255	8	,	,	PUNCT
ajfa-12492	255	9	305	305	NUM
ajfa-12492	255	10	-	-	SYM
ajfa-12492	255	11	350	350	NUM
ajfa-12492	255	12	.	.	PUNCT
ajfa-12492	256	1	https://doi.org/10.1016/0304-405x(76)90026-x	https://doi.org/10.1016/0304-405x(76)90026-x	ADJ
ajfa-12492	256	2	asian	asian	ADJ
ajfa-12492	256	3	journal	journal	NOUN
ajfa-12492	256	4	of	of	ADP
ajfa-12492	256	5	finance	finance	PROPN
ajfa-12492	256	6	&	&	CCONJ
ajfa-12492	256	7	accounting	accounting	PROPN
ajfa-12492	256	8	issn	issn	PROPN
ajfa-12492	256	9	1946	1946	NUM
ajfa-12492	256	10	-	-	PUNCT
ajfa-12492	256	11	052x	052x	NOUN
ajfa-12492	256	12	2018	2018	NUM
ajfa-12492	256	13	,	,	PUNCT
ajfa-12492	256	14	vol	vol	NOUN
ajfa-12492	256	15	.	.	PROPN
ajfa-12492	256	16	10	10	NUM
ajfa-12492	256	17	,	,	PUNCT
ajfa-12492	256	18	no	no	INTJ
ajfa-12492	256	19	.	.	NOUN
ajfa-12492	256	20	1	1	NUM
ajfa-12492	256	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-12492	256	22	15	15	NUM
ajfa-12492	256	23	kibet	kibet	NOUN
ajfa-12492	256	24	,	,	PUNCT
ajfa-12492	256	25	c.	c.	PROPN
ajfa-12492	256	26	y.	y.	PROPN
ajfa-12492	256	27	(	(	PUNCT
ajfa-12492	256	28	2015	2015	NUM
ajfa-12492	256	29	)	)	PUNCT
ajfa-12492	256	30	.	.	PUNCT
ajfa-12492	257	1	effect	effect	NOUN
ajfa-12492	257	2	of	of	ADP
ajfa-12492	257	3	enterprise	enterprise	NOUN
ajfa-12492	257	4	risk	risk	NOUN
ajfa-12492	257	5	management	management	NOUN
ajfa-12492	257	6	determinants	determinant	NOUN
ajfa-12492	257	7	on	on	ADP
ajfa-12492	257	8	financial	financial	ADJ
ajfa-12492	257	9	performance	performance	NOUN
ajfa-12492	257	10	management	management	NOUN
ajfa-12492	257	11	of	of	ADP
ajfa-12492	257	12	listed	list	VERB
ajfa-12492	257	13	companies	company	NOUN
ajfa-12492	257	14	in	in	ADP
ajfa-12492	257	15	nairobi	nairobi	PROPN
ajfa-12492	257	16	securities	securities	PROPN
ajfa-12492	257	17	exchange	exchange	PROPN
ajfa-12492	257	18	,	,	PUNCT
ajfa-12492	257	19	unpublished	unpublished	ADJ
ajfa-12492	257	20	phd	phd	NOUN
ajfa-12492	257	21	thesis	thesis	NOUN
ajfa-12492	257	22	,	,	PUNCT
ajfa-12492	257	23	jomo	jomo	PROPN
ajfa-12492	257	24	kenyatta	kenyatta	PROPN
ajfa-12492	257	25	university	university	PROPN
ajfa-12492	257	26	of	of	ADP
ajfa-12492	257	27	agriculture	agriculture	NOUN
ajfa-12492	257	28	and	and	CCONJ
ajfa-12492	257	29	technology	technology	NOUN
ajfa-12492	257	30	.	.	PUNCT
ajfa-12492	258	1	kombo	kombo	PROPN
ajfa-12492	258	2	d.	d.	PROPN
ajfa-12492	258	3	,	,	PUNCT
ajfa-12492	258	4	&	&	CCONJ
ajfa-12492	258	5	tromp	tromp	PROPN
ajfa-12492	258	6	,	,	PUNCT
ajfa-12492	258	7	d.	d.	PROPN
ajfa-12492	258	8	(	(	PUNCT
ajfa-12492	258	9	2006	2006	NUM
ajfa-12492	258	10	)	)	PUNCT
ajfa-12492	258	11	.	.	PUNCT
ajfa-12492	259	1	proposal	proposal	NOUN
ajfa-12492	259	2	and	and	CCONJ
ajfa-12492	259	3	thesis	thesis	NOUN
ajfa-12492	259	4	writing	writing	NOUN
ajfa-12492	259	5	,	,	PUNCT
ajfa-12492	259	6	an	an	DET
ajfa-12492	259	7	introduction	introduction	NOUN
ajfa-12492	259	8	.	.	PUNCT
ajfa-12492	260	1	nairobi	nairobi	PROPN
ajfa-12492	260	2	:	:	PUNCT
ajfa-12492	260	3	pauline	pauline	PROPN
ajfa-12492	260	4	publications	publications	PROPN
ajfa-12492	260	5	africa	africa	PROPN
ajfa-12492	260	6	.	.	PUNCT
ajfa-12492	261	1	kothari	kothari	PROPN
ajfa-12492	261	2	,	,	PUNCT
ajfa-12492	261	3	c.	c.	PROPN
ajfa-12492	261	4	r.	r.	PROPN
ajfa-12492	261	5	(	(	PUNCT
ajfa-12492	261	6	2011	2011	NUM
ajfa-12492	261	7	)	)	PUNCT
ajfa-12492	261	8	.	.	PUNCT
ajfa-12492	262	1	research	research	NOUN
ajfa-12492	262	2	methodology	methodology	NOUN
ajfa-12492	262	3	.	.	PUNCT
ajfa-12492	263	1	methods	method	NOUN
ajfa-12492	263	2	and	and	CCONJ
ajfa-12492	263	3	techniques	technique	NOUN
ajfa-12492	263	4	.	.	PUNCT
ajfa-12492	264	1	new	new	ADJ
ajfa-12492	264	2	age	age	NOUN
ajfa-12492	264	3	international	international	ADJ
ajfa-12492	264	4	publishers	publisher	NOUN
ajfa-12492	264	5	.	.	PUNCT
ajfa-12492	265	1	new	new	ADJ
ajfa-12492	265	2	delhi	delhi	PROPN
ajfa-12492	265	3	.	.	PUNCT
ajfa-12492	266	1	india	india	PROPN
ajfa-12492	266	2	.	.	PUNCT
ajfa-12492	267	1	kpmg	kpmg	PROPN
ajfa-12492	267	2	.	.	PUNCT
ajfa-12492	268	1	(	(	PUNCT
ajfa-12492	268	2	2005	2005	NUM
ajfa-12492	268	3	)	)	PUNCT
ajfa-12492	268	4	.	.	PUNCT
ajfa-12492	269	1	kpmg	kpmg	PROPN
ajfa-12492	269	2	international	international	PROPN
ajfa-12492	269	3	survey	survey	NOUN
ajfa-12492	269	4	of	of	ADP
ajfa-12492	269	5	corporate	corporate	ADJ
ajfa-12492	269	6	responsibility	responsibility	NOUN
ajfa-12492	269	7	reporting	report	VERB
ajfa-12492	269	8	2005	2005	NUM
ajfa-12492	269	9	,	,	PUNCT
ajfa-12492	269	10	accessed	access	VERB
ajfa-12492	269	11	online	online	ADV
ajfa-12492	269	12	on	on	ADP
ajfa-12492	269	13	https://commdev.org	https://commdev.org	PROPN
ajfa-12492	269	14	on	on	ADP
ajfa-12492	269	15	24/6/2017	24/6/2017	NUM
ajfa-12492	269	16	.	.	PUNCT
ajfa-12492	270	1	mugenda	mugenda	ADJ
ajfa-12492	270	2	,	,	PUNCT
ajfa-12492	270	3	o.	o.	INTJ
ajfa-12492	270	4	,	,	PUNCT
ajfa-12492	270	5	&	&	CCONJ
ajfa-12492	270	6	mugenda	mugenda	ADJ
ajfa-12492	270	7	,	,	PUNCT
ajfa-12492	270	8	v.	v.	PROPN
ajfa-12492	270	9	(	(	PUNCT
ajfa-12492	270	10	2009	2009	NUM
ajfa-12492	270	11	)	)	PUNCT
ajfa-12492	270	12	.	.	PUNCT
ajfa-12492	271	1	research	research	NOUN
ajfa-12492	271	2	methods	method	NOUN
ajfa-12492	271	3	:	:	PUNCT
ajfa-12492	271	4	quantitative	quantitative	ADJ
ajfa-12492	271	5	and	and	CCONJ
ajfa-12492	271	6	qualitative	qualitative	ADJ
ajfa-12492	271	7	approaches	approach	NOUN
ajfa-12492	271	8	.	.	PUNCT
ajfa-12492	272	1	nairobi	nairobi	PROPN
ajfa-12492	272	2	:	:	PUNCT
ajfa-12492	272	3	acts	act	VERB
ajfa-12492	272	4	ndili	ndili	PROPN
ajfa-12492	272	5	,	,	PUNCT
ajfa-12492	272	6	w.	w.	PROPN
ajfa-12492	272	7	m.	m.	PROPN
ajfa-12492	272	8	,	,	PUNCT
ajfa-12492	272	9	&	&	CCONJ
ajfa-12492	272	10	muturi	muturi	PROPN
ajfa-12492	272	11	,	,	PUNCT
ajfa-12492	272	12	w.	w.	PROPN
ajfa-12492	272	13	,	,	PUNCT
ajfa-12492	272	14	(	(	PUNCT
ajfa-12492	272	15	2015	2015	NUM
ajfa-12492	272	16	)	)	PUNCT
ajfa-12492	272	17	.	.	PUNCT
ajfa-12492	273	1	does	do	AUX
ajfa-12492	273	2	financing	finance	VERB
ajfa-12492	273	3	policy	policy	NOUN
ajfa-12492	273	4	decision	decision	NOUN
ajfa-12492	273	5	influence	influence	NOUN
ajfa-12492	273	6	firm	firm	NOUN
ajfa-12492	273	7	performance	performance	NOUN
ajfa-12492	273	8	a	a	DET
ajfa-12492	273	9	kenyan	kenyan	ADJ
ajfa-12492	273	10	perspective	perspective	NOUN
ajfa-12492	273	11	.	.	PUNCT
ajfa-12492	274	1	international	international	ADJ
ajfa-12492	274	2	journal	journal	PROPN
ajfa-12492	274	3	of	of	ADP
ajfa-12492	274	4	education	education	NOUN
ajfa-12492	274	5	and	and	CCONJ
ajfa-12492	274	6	research	research	NOUN
ajfa-12492	274	7	,	,	PUNCT
ajfa-12492	274	8	3(10	3(10	NUM
ajfa-12492	274	9	)	)	PUNCT
ajfa-12492	274	10	,	,	PUNCT
ajfa-12492	274	11	337	337	NUM
ajfa-12492	274	12	-	-	SYM
ajfa-12492	274	13	354	354	NUM
ajfa-12492	274	14	.	.	PUNCT
ajfa-12492	275	1	ntim	ntim	PROPN
ajfa-12492	275	2	,	,	PUNCT
ajfa-12492	275	3	c.	c.	PROPN
ajfa-12492	275	4	g.	g.	PROPN
ajfa-12492	275	5	,	,	PUNCT
ajfa-12492	275	6	opong	opong	PROPN
ajfa-12492	275	7	,	,	PUNCT
ajfa-12492	275	8	k.	k.	PROPN
ajfa-12492	275	9	k.	k.	PROPN
ajfa-12492	275	10	,	,	PUNCT
ajfa-12492	275	11	&	&	CCONJ
ajfa-12492	275	12	danbolt	danbolt	PROPN
ajfa-12492	275	13	,	,	PUNCT
ajfa-12492	275	14	j.	j.	PROPN
ajfa-12492	275	15	(	(	PUNCT
ajfa-12492	275	16	2012	2012	NUM
ajfa-12492	275	17	)	)	PUNCT
ajfa-12492	275	18	.	.	PUNCT
ajfa-12492	276	1	the	the	DET
ajfa-12492	276	2	relative	relative	ADJ
ajfa-12492	276	3	value	value	NOUN
ajfa-12492	276	4	relevance	relevance	NOUN
ajfa-12492	276	5	of	of	ADP
ajfa-12492	276	6	shareholder	shareholder	NOUN
ajfa-12492	276	7	versus	versus	ADP
ajfa-12492	276	8	stakeholder	stakeholder	NOUN
ajfa-12492	276	9	corporate	corporate	ADJ
ajfa-12492	276	10	governance	governance	NOUN
ajfa-12492	276	11	disclosure	disclosure	NOUN
ajfa-12492	276	12	policy	policy	NOUN
ajfa-12492	276	13	reforms	reform	NOUN
ajfa-12492	276	14	in	in	ADP
ajfa-12492	276	15	south	south	PROPN
ajfa-12492	276	16	africa	africa	PROPN
ajfa-12492	276	17	.	.	PUNCT
ajfa-12492	277	1	an	an	DET
ajfa-12492	277	2	international	international	ADJ
ajfa-12492	277	3	review	review	NOUN
ajfa-12492	277	4	,	,	PUNCT
ajfa-12492	277	5	20(1	20(1	NUM
ajfa-12492	277	6	)	)	PUNCT
ajfa-12492	277	7	,	,	PUNCT
ajfa-12492	277	8	84	84	NUM
ajfa-12492	277	9	-	-	SYM
ajfa-12492	277	10	105	105	NUM
ajfa-12492	277	11	.	.	PUNCT
ajfa-12492	278	1	https://doi.org/10.1111/j.1467-8683.2011.00891.x	https://doi.org/10.1111/j.1467-8683.2011.00891.x	NOUN
ajfa-12492	279	1	oecd	oecd	PROPN
ajfa-12492	279	2	(	(	PUNCT
ajfa-12492	279	3	1999	1999	NUM
ajfa-12492	279	4	)	)	PUNCT
ajfa-12492	279	5	.	.	PUNCT
ajfa-12492	280	1	oecd	oecd	PROPN
ajfa-12492	280	2	principles	principle	NOUN
ajfa-12492	280	3	of	of	ADP
ajfa-12492	280	4	corporate	corporate	ADJ
ajfa-12492	280	5	governance	governance	NOUN
ajfa-12492	280	6	,	,	PUNCT
ajfa-12492	280	7	accessed	access	VERB
ajfa-12492	280	8	online	online	ADV
ajfa-12492	280	9	on	on	ADP
ajfa-12492	280	10	http://www.oecd.org	http://www.oecd.org	PUNCT
ajfa-12492	280	11	on	on	ADP
ajfa-12492	280	12	24/6/2017	24/6/2017	NUM
ajfa-12492	280	13	.	.	PUNCT
ajfa-12492	281	1	oso	oso	PROPN
ajfa-12492	281	2	,	,	PUNCT
ajfa-12492	281	3	y.	y.	PROPN
ajfa-12492	281	4	&	&	CCONJ
ajfa-12492	281	5	onen	onen	PROPN
ajfa-12492	281	6	,	,	PUNCT
ajfa-12492	281	7	y.(2009	y.(2009	PROPN
ajfa-12492	281	8	)	)	PUNCT
ajfa-12492	281	9	.	.	PUNCT
ajfa-12492	282	1	beginners	beginner	NOUN
ajfa-12492	282	2	guide	guide	VERB
ajfa-12492	282	3	to	to	ADP
ajfa-12492	282	4	research	research	NOUN
ajfa-12492	282	5	and	and	CCONJ
ajfa-12492	282	6	proposal	proposal	NOUN
ajfa-12492	282	7	writing	writing	NOUN
ajfa-12492	282	8	(	(	PUNCT
ajfa-12492	282	9	2nd	2nd	ADJ
ajfa-12492	282	10	edition	edition	NOUN
ajfa-12492	282	11	)	)	PUNCT
ajfa-12492	282	12	.	.	PUNCT
ajfa-12492	283	1	jomo	jomo	PROPN
ajfa-12492	283	2	kenyatta	kenyatta	PROPN
ajfa-12492	283	3	publishers	publishers	PROPN
ajfa-12492	283	4	.	.	PUNCT
ajfa-12492	284	1	nairobi	nairobi	PROPN
ajfa-12492	284	2	.	.	PUNCT
ajfa-12492	285	1	kenya	kenya	PROPN
ajfa-12492	285	2	.	.	PUNCT
ajfa-12492	286	1	ruin	ruin	PROPN
ajfa-12492	286	2	,	,	PUNCT
ajfa-12492	286	3	j.e	j.e	PROPN
ajfa-12492	286	4	.	.	PROPN
ajfa-12492	286	5	(	(	PUNCT
ajfa-12492	286	6	2001	2001	NUM
ajfa-12492	286	7	)	)	PUNCT
ajfa-12492	286	8	.	.	PUNCT
ajfa-12492	287	1	essentials	essential	NOUN
ajfa-12492	287	2	of	of	ADP
ajfa-12492	287	3	the	the	DET
ajfa-12492	287	4	corporate	corporate	ADJ
ajfa-12492	287	5	management	management	NOUN
ajfa-12492	287	6	;	;	PUNCT
ajfa-12492	287	7	kuala	kuala	PROPN
ajfa-12492	287	8	lumpur	lumpur	PROPN
ajfa-12492	287	9	,	,	PUNCT
ajfa-12492	287	10	micg	micg	NOUN
ajfa-12492	287	11	sekaran	sekaran	NOUN
ajfa-12492	287	12	,	,	PUNCT
ajfa-12492	287	13	u.	u.	PROPN
ajfa-12492	287	14	,	,	PUNCT
ajfa-12492	287	15	&	&	CCONJ
ajfa-12492	287	16	bougie	bougie	PROPN
ajfa-12492	287	17	,	,	PUNCT
ajfa-12492	287	18	r.	r.	PROPN
ajfa-12492	287	19	(	(	PUNCT
ajfa-12492	287	20	2013	2013	NUM
ajfa-12492	287	21	)	)	PUNCT
ajfa-12492	287	22	.	.	PUNCT
ajfa-12492	288	1	research	research	NOUN
ajfa-12492	288	2	methods	method	NOUN
ajfa-12492	288	3	for	for	ADP
ajfa-12492	288	4	business	business	NOUN
ajfa-12492	288	5	(	(	PUNCT
ajfa-12492	288	6	6th	6th	NOUN
ajfa-12492	288	7	edition	edition	NOUN
ajfa-12492	288	8	)	)	PUNCT
ajfa-12492	288	9	.	.	PUNCT
ajfa-12492	289	1	john	john	PROPN
ajfa-12492	289	2	wiley	wiley	PROPN
ajfa-12492	289	3	&	&	CCONJ
ajfa-12492	289	4	sons	sons	PROPN
ajfa-12492	289	5	ltd	ltd	PROPN
ajfa-12492	289	6	tarus	tarus	PROPN
ajfa-12492	289	7	,	,	PUNCT
ajfa-12492	289	8	d.	d.	PROPN
ajfa-12492	289	9	k.	k.	PROPN
ajfa-12492	289	10	,	,	PUNCT
ajfa-12492	289	11	&	&	CCONJ
ajfa-12492	289	12	omandi	omandi	PROPN
ajfa-12492	289	13	,	,	PUNCT
ajfa-12492	289	14	e.	e.	PROPN
ajfa-12492	289	15	m.	m.	PROPN
ajfa-12492	289	16	(	(	PUNCT
ajfa-12492	289	17	2013	2013	NUM
ajfa-12492	289	18	)	)	PUNCT
ajfa-12492	289	19	.	.	PUNCT
ajfa-12492	290	1	business	business	NOUN
ajfa-12492	290	2	case	case	NOUN
ajfa-12492	290	3	for	for	ADP
ajfa-12492	290	4	corporate	corporate	ADJ
ajfa-12492	290	5	transparency	transparency	NOUN
ajfa-12492	290	6	:	:	PUNCT
ajfa-12492	290	7	evidence	evidence	NOUN
ajfa-12492	290	8	from	from	ADP
ajfa-12492	290	9	kenya	kenya	PROPN
ajfa-12492	290	10	.	.	PUNCT
ajfa-12492	291	1	european	european	PROPN
ajfa-12492	291	2	journal	journal	PROPN
ajfa-12492	291	3	of	of	ADP
ajfa-12492	291	4	business	business	NOUN
ajfa-12492	291	5	and	and	CCONJ
ajfa-12492	291	6	management	management	NOUN
ajfa-12492	291	7	,	,	PUNCT
ajfa-12492	291	8	5(3	5(3	NUM
ajfa-12492	291	9	)	)	PUNCT
ajfa-12492	291	10	,	,	PUNCT
ajfa-12492	291	11	113	113	NUM
ajfa-12492	291	12	-	-	SYM
ajfa-12492	291	13	125	125	NUM
ajfa-12492	291	14	.	.	PUNCT
ajfa-12492	292	1	tsoutsoura	tsoutsoura	NOUN
ajfa-12492	292	2	,	,	PUNCT
ajfa-12492	292	3	m.	m.	NOUN
ajfa-12492	292	4	(	(	PUNCT
ajfa-12492	292	5	2004	2004	NUM
ajfa-12492	292	6	)	)	PUNCT
ajfa-12492	292	7	.	.	PUNCT
ajfa-12492	293	1	corporate	corporate	ADJ
ajfa-12492	293	2	social	social	ADJ
ajfa-12492	293	3	responsibility	responsibility	NOUN
ajfa-12492	293	4	and	and	CCONJ
ajfa-12492	293	5	financial	financial	ADJ
ajfa-12492	293	6	performance	performance	NOUN
ajfa-12492	293	7	.	.	PUNCT
ajfa-12492	294	1	california	california	PROPN
ajfa-12492	294	2	:	:	PUNCT
ajfa-12492	294	3	university	university	NOUN
ajfa-12492	294	4	of	of	ADP
ajfa-12492	294	5	california	california	PROPN
ajfa-12492	294	6	at	at	ADP
ajfa-12492	294	7	berkeley	berkeley	PROPN
ajfa-12492	294	8	.	.	PUNCT
ajfa-12492	295	1	accessed	access	VERB
ajfa-12492	295	2	online	online	ADV
ajfa-12492	295	3	:	:	PUNCT
ajfa-12492	295	4	https://www.dl.icdst.org	https://www.dl.icdst.org	NUM
ajfa-12492	295	5	at	at	ADP
ajfa-12492	295	6	23/5/2017	23/5/2017	NUM
ajfa-12492	295	7	.	.	PUNCT
ajfa-12492	295	8	wangechi	wangechi	PROPN
ajfa-12492	295	9	,	,	PUNCT
ajfa-12492	295	10	c.	c.	PROPN
ajfa-12492	295	11	n.	n.	PROPN
ajfa-12492	295	12	,	,	PUNCT
ajfa-12492	295	13	&	&	CCONJ
ajfa-12492	295	14	nasieku	nasieku	PROPN
ajfa-12492	295	15	,	,	PUNCT
ajfa-12492	295	16	t.	t.	NOUN
ajfa-12492	295	17	o.	o.	PROPN
ajfa-12492	295	18	(	(	PUNCT
ajfa-12492	295	19	2015	2015	NUM
ajfa-12492	295	20	)	)	PUNCT
ajfa-12492	295	21	.	.	PUNCT
ajfa-12492	296	1	relationship	relationship	NOUN
ajfa-12492	296	2	between	between	ADP
ajfa-12492	296	3	board	board	NOUN
ajfa-12492	296	4	characteristics	characteristic	NOUN
ajfa-12492	296	5	and	and	CCONJ
ajfa-12492	296	6	capital	capital	NOUN
ajfa-12492	296	7	structure	structure	NOUN
ajfa-12492	296	8	among	among	ADP
ajfa-12492	296	9	companies	company	NOUN
ajfa-12492	296	10	listed	list	VERB
ajfa-12492	296	11	in	in	ADP
ajfa-12492	296	12	east	east	PROPN
ajfa-12492	296	13	africa	africa	PROPN
ajfa-12492	296	14	.	.	PUNCT
ajfa-12492	297	1	international	international	ADJ
ajfa-12492	297	2	journal	journal	PROPN
ajfa-12492	297	3	of	of	ADP
ajfa-12492	297	4	education	education	NOUN
ajfa-12492	297	5	and	and	CCONJ
ajfa-12492	297	6	research	research	NOUN
ajfa-12492	297	7	,	,	PUNCT
ajfa-12492	297	8	3(10	3(10	NUM
ajfa-12492	297	9	)	)	PUNCT
ajfa-12492	297	10	,	,	PUNCT
ajfa-12492	297	11	355	355	NUM
ajfa-12492	297	12	-	-	SYM
ajfa-12492	297	13	372	372	NUM
ajfa-12492	297	14	.	.	PUNCT
ajfa-12492	298	1	williams	williams	PROPN
ajfa-12492	298	2	,	,	PUNCT
ajfa-12492	298	3	d.	d.	PROPN
ajfa-12492	298	4	r.	r.	PROPN
ajfa-12492	298	5	,	,	PUNCT
ajfa-12492	298	6	duncan	duncan	PROPN
ajfa-12492	298	7	w.	w.	PROPN
ajfa-12492	298	8	j.	j.	PROPN
ajfa-12492	298	9	,	,	PUNCT
ajfa-12492	298	10	&	&	CCONJ
ajfa-12492	298	11	ginter	ginter	PROPN
ajfa-12492	298	12	p.	p.	PROPN
ajfa-12492	298	13	m.	m.	NOUN
ajfa-12492	298	14	(	(	PUNCT
ajfa-12492	298	15	2006	2006	NUM
ajfa-12492	298	16	)	)	PUNCT
ajfa-12492	298	17	.	.	PUNCT
ajfa-12492	299	1	structuring	structure	VERB
ajfa-12492	299	2	deals	deal	NOUN
ajfa-12492	299	3	and	and	CCONJ
ajfa-12492	299	4	governance	governance	NOUN
ajfa-12492	299	5	after	after	ADP
ajfa-12492	299	6	the	the	DET
ajfa-12492	299	7	ipo	ipo	NOUN
ajfa-12492	299	8	:	:	PUNCT
ajfa-12492	299	9	entrepreneurs	entrepreneur	NOUN
ajfa-12492	299	10	and	and	CCONJ
ajfa-12492	299	11	venture	venture	NOUN
ajfa-12492	299	12	capitalists	capitalist	NOUN
ajfa-12492	299	13	in	in	ADP
ajfa-12492	299	14	high	high	ADJ
ajfa-12492	299	15	tech	tech	NOUN
ajfa-12492	299	16	start	start	NOUN
ajfa-12492	299	17	-	-	PUNCT
ajfa-12492	299	18	ups	up	NOUN
ajfa-12492	299	19	.	.	PUNCT
ajfa-12492	300	1	business	business	NOUN
ajfa-12492	300	2	horizons	horizon	NOUN
ajfa-12492	300	3	,	,	PUNCT
ajfa-12492	300	4	4(9	4(9	NUM
ajfa-12492	300	5	)	)	PUNCT
ajfa-12492	300	6	,	,	PUNCT
ajfa-12492	300	7	303	303	NUM
ajfa-12492	300	8	-	-	SYM
ajfa-12492	300	9	311	311	NUM
ajfa-12492	300	10	.	.	PUNCT
ajfa-12492	301	1	https://doi.org/10.1016/j.bushor.2005.11.001	https://doi.org/10.1016/j.bushor.2005.11.001	NOUN