id	sid	tid	token	lemma	pos
ajfa-13651	1	1	microsoft	microsoft	PROPN
ajfa-13651	1	2	word	word	NOUN
ajfa-13651	1	3	13651	13651	NUM
ajfa-13651	1	4	-	-	SYM
ajfa-13651	1	5	49837	49837	NUM
ajfa-13651	1	6	-	-	PUNCT
ajfa-13651	1	7	1	1	NUM
ajfa-13651	1	8	-	-	PUNCT
ajfa-13651	1	9	sm	sm	NOUN
ajfa-13651	1	10	-	-	PUNCT
ajfa-13651	1	11	writer2	writer2	VERB
ajfa-13651	1	12	-	-	ADJ
ajfa-13651	1	13	new	new	ADJ
ajfa-13651	1	14	asian	asian	ADJ
ajfa-13651	1	15	journal	journal	NOUN
ajfa-13651	1	16	of	of	ADP
ajfa-13651	1	17	finance	finance	PROPN
ajfa-13651	1	18	&	&	CCONJ
ajfa-13651	1	19	accounting	accounting	PROPN
ajfa-13651	1	20	issn	issn	PROPN
ajfa-13651	1	21	1946	1946	NUM
ajfa-13651	1	22	-	-	PUNCT
ajfa-13651	1	23	052x	052x	NOUN
ajfa-13651	1	24	2018	2018	NUM
ajfa-13651	1	25	,	,	PUNCT
ajfa-13651	1	26	vol	vol	NOUN
ajfa-13651	1	27	.	.	PROPN
ajfa-13651	1	28	10	10	NUM
ajfa-13651	1	29	,	,	PUNCT
ajfa-13651	1	30	no	no	INTJ
ajfa-13651	1	31	.	.	NOUN
ajfa-13651	1	32	2	2	NUM
ajfa-13651	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	1	34	16	16	NUM
ajfa-13651	1	35	factors	factor	NOUN
ajfa-13651	1	36	influencing	influence	VERB
ajfa-13651	1	37	the	the	DET
ajfa-13651	1	38	dividend	dividend	NOUN
ajfa-13651	1	39	policy	policy	NOUN
ajfa-13651	1	40	of	of	ADP
ajfa-13651	1	41	vietnamese	vietnamese	ADJ
ajfa-13651	1	42	enterprises	enterprise	NOUN
ajfa-13651	1	43	dang	dang	INTJ
ajfa-13651	1	44	ngoc	ngoc	PROPN
ajfa-13651	1	45	hung	hung	PROPN
ajfa-13651	1	46	(	(	PUNCT
ajfa-13651	1	47	corresponding	corresponding	ADJ
ajfa-13651	1	48	author	author	NOUN
ajfa-13651	1	49	)	)	PUNCT
ajfa-13651	1	50	faculty	faculty	NOUN
ajfa-13651	1	51	of	of	ADP
ajfa-13651	1	52	accounting	accounting	PROPN
ajfa-13651	1	53	&	&	CCONJ
ajfa-13651	1	54	auditing	auditing	PROPN
ajfa-13651	1	55	,	,	PUNCT
ajfa-13651	1	56	hanoi	hanoi	PROPN
ajfa-13651	1	57	university	university	PROPN
ajfa-13651	1	58	of	of	ADP
ajfa-13651	1	59	industry	industry	NOUN
ajfa-13651	1	60	,	,	PUNCT
ajfa-13651	1	61	vietnam	vietnam	PROPN
ajfa-13651	1	62	e	e	NOUN
ajfa-13651	1	63	-	-	NOUN
ajfa-13651	1	64	mail	mail	NOUN
ajfa-13651	1	65	:	:	PUNCT
ajfa-13651	1	66	toketoankinhte@gmail.com	toketoankinhte@gmail.com	X
ajfa-13651	2	1	nguyen	nguyen	PROPN
ajfa-13651	2	2	viet	viet	PROPN
ajfa-13651	2	3	ha	ha	INTJ
ajfa-13651	2	4	faculty	faculty	NOUN
ajfa-13651	2	5	of	of	ADP
ajfa-13651	2	6	accounting	accounting	PROPN
ajfa-13651	2	7	&	&	CCONJ
ajfa-13651	2	8	auditing	auditing	PROPN
ajfa-13651	2	9	,	,	PUNCT
ajfa-13651	2	10	hanoi	hanoi	PROPN
ajfa-13651	2	11	university	university	PROPN
ajfa-13651	2	12	of	of	ADP
ajfa-13651	2	13	industry	industry	NOUN
ajfa-13651	2	14	,	,	PUNCT
ajfa-13651	2	15	vietnam	vietnam	PROPN
ajfa-13651	2	16	dang	dang	PROPN
ajfa-13651	2	17	thai	thai	PROPN
ajfa-13651	2	18	binh	binh	PROPN
ajfa-13651	2	19	vietnam	vietnam	PROPN
ajfa-13651	2	20	institute	institute	PROPN
ajfa-13651	2	21	for	for	ADP
ajfa-13651	2	22	indian	indian	PROPN
ajfa-13651	2	23	and	and	CCONJ
ajfa-13651	2	24	southwest	southwest	ADJ
ajfa-13651	2	25	asian	asian	ADJ
ajfa-13651	2	26	studies	study	NOUN
ajfa-13651	2	27	vietnam	vietnam	PROPN
ajfa-13651	2	28	academy	academy	PROPN
ajfa-13651	2	29	of	of	ADP
ajfa-13651	2	30	social	social	PROPN
ajfa-13651	2	31	sciences	sciences	PROPN
ajfa-13651	2	32	(	(	PUNCT
ajfa-13651	2	33	vass	vass	NOUN
ajfa-13651	2	34	)	)	PUNCT
ajfa-13651	2	35	received	receive	VERB
ajfa-13651	2	36	:	:	PUNCT
ajfa-13651	2	37	august	august	PROPN
ajfa-13651	2	38	27	27	NUM
ajfa-13651	2	39	,	,	PUNCT
ajfa-13651	2	40	2018	2018	NUM
ajfa-13651	2	41	accepted	accept	VERB
ajfa-13651	2	42	:	:	PUNCT
ajfa-13651	2	43	oct	oct	PROPN
ajfa-13651	2	44	.	.	PROPN
ajfa-13651	2	45	5	5	NUM
ajfa-13651	2	46	,	,	PUNCT
ajfa-13651	2	47	2018	2018	NUM
ajfa-13651	2	48	published	publish	VERB
ajfa-13651	2	49	:	:	PUNCT
ajfa-13651	2	50	december	december	PROPN
ajfa-13651	2	51	1	1	NUM
ajfa-13651	2	52	,	,	PUNCT
ajfa-13651	2	53	2018	2018	NUM
ajfa-13651	2	54	doi:10.5296	doi:10.5296	NOUN
ajfa-13651	2	55	/	/	SYM
ajfa-13651	2	56	ajfa.v10i2.13651	ajfa.v10i2.13651	NOUN
ajfa-13651	2	57	url	url	NOUN
ajfa-13651	2	58	:	:	PUNCT
ajfa-13651	2	59	https://doi.org/10.5296/ajfa.v10i2.13651	https://doi.org/10.5296/ajfa.v10i2.13651	NOUN
ajfa-13651	2	60	abstract	abstract	ADV
ajfa-13651	2	61	the	the	DET
ajfa-13651	2	62	article	article	NOUN
ajfa-13651	2	63	explores	explore	VERB
ajfa-13651	2	64	the	the	DET
ajfa-13651	2	65	factors	factor	NOUN
ajfa-13651	2	66	affecting	affect	VERB
ajfa-13651	2	67	company	company	NOUN
ajfa-13651	2	68	’s	’s	PART
ajfa-13651	2	69	dividend	dividend	NOUN
ajfa-13651	2	70	policy	policy	NOUN
ajfa-13651	2	71	such	such	ADJ
ajfa-13651	2	72	as	as	ADP
ajfa-13651	2	73	profitability	profitability	NOUN
ajfa-13651	2	74	,	,	PUNCT
ajfa-13651	2	75	firm	firm	ADJ
ajfa-13651	2	76	size	size	NOUN
ajfa-13651	2	77	,	,	PUNCT
ajfa-13651	2	78	financial	financial	ADJ
ajfa-13651	2	79	leverage	leverage	NOUN
ajfa-13651	2	80	and	and	CCONJ
ajfa-13651	2	81	growth	growth	NOUN
ajfa-13651	2	82	rate	rate	NOUN
ajfa-13651	2	83	.	.	PUNCT
ajfa-13651	3	1	data	datum	NOUN
ajfa-13651	3	2	is	be	AUX
ajfa-13651	3	3	collected	collect	VERB
ajfa-13651	3	4	from	from	ADP
ajfa-13651	3	5	enterprises	enterprise	NOUN
ajfa-13651	3	6	listed	list	VERB
ajfa-13651	3	7	on	on	ADP
ajfa-13651	3	8	the	the	DET
ajfa-13651	3	9	vietnam	vietnam	PROPN
ajfa-13651	3	10	securities	security	NOUN
ajfa-13651	3	11	market	market	NOUN
ajfa-13651	3	12	in	in	ADP
ajfa-13651	3	13	the	the	DET
ajfa-13651	3	14	period	period	NOUN
ajfa-13651	3	15	of	of	ADP
ajfa-13651	3	16	2006	2006	NUM
ajfa-13651	3	17	2017	2017	NUM
ajfa-13651	3	18	with	with	ADP
ajfa-13651	3	19	2,150	2,150	NUM
ajfa-13651	3	20	observations	observation	NOUN
ajfa-13651	3	21	.	.	PUNCT
ajfa-13651	4	1	using	use	VERB
ajfa-13651	4	2	the	the	DET
ajfa-13651	4	3	generalized	generalized	ADJ
ajfa-13651	4	4	least	least	ADJ
ajfa-13651	4	5	squares	square	NOUN
ajfa-13651	4	6	(	(	PUNCT
ajfa-13651	4	7	gls	gls	PROPN
ajfa-13651	4	8	)	)	PUNCT
ajfa-13651	4	9	,	,	PUNCT
ajfa-13651	4	10	the	the	DET
ajfa-13651	4	11	authors	author	NOUN
ajfa-13651	4	12	have	have	AUX
ajfa-13651	4	13	identified	identify	VERB
ajfa-13651	4	14	two	two	NUM
ajfa-13651	4	15	factors	factor	NOUN
ajfa-13651	4	16	that	that	PRON
ajfa-13651	4	17	have	have	VERB
ajfa-13651	4	18	a	a	DET
ajfa-13651	4	19	positive	positive	ADJ
ajfa-13651	4	20	and	and	CCONJ
ajfa-13651	4	21	significant	significant	ADJ
ajfa-13651	4	22	effect	effect	NOUN
ajfa-13651	4	23	:	:	PUNCT
ajfa-13651	4	24	(	(	PUNCT
ajfa-13651	4	25	i	i	NOUN
ajfa-13651	4	26	)	)	PUNCT
ajfa-13651	4	27	return	return	VERB
ajfa-13651	4	28	on	on	ADP
ajfa-13651	4	29	total	total	ADJ
ajfa-13651	4	30	assets	asset	NOUN
ajfa-13651	4	31	and	and	CCONJ
ajfa-13651	4	32	(	(	PUNCT
ajfa-13651	4	33	ii	ii	NOUN
ajfa-13651	4	34	)	)	PUNCT
ajfa-13651	4	35	firm	firm	ADJ
ajfa-13651	4	36	size	size	NOUN
ajfa-13651	4	37	.	.	PUNCT
ajfa-13651	5	1	at	at	ADP
ajfa-13651	5	2	the	the	DET
ajfa-13651	5	3	same	same	ADJ
ajfa-13651	5	4	time	time	NOUN
ajfa-13651	5	5	,	,	PUNCT
ajfa-13651	5	6	research	research	NOUN
ajfa-13651	5	7	results	result	NOUN
ajfa-13651	5	8	also	also	ADV
ajfa-13651	5	9	show	show	VERB
ajfa-13651	5	10	a	a	DET
ajfa-13651	5	11	negative	negative	ADJ
ajfa-13651	5	12	impact	impact	NOUN
ajfa-13651	5	13	of	of	ADP
ajfa-13651	5	14	enterprise	enterprise	NOUN
ajfa-13651	5	15	’s	’s	PART
ajfa-13651	5	16	revenue	revenue	NOUN
ajfa-13651	5	17	growth	growth	NOUN
ajfa-13651	5	18	rate	rate	NOUN
ajfa-13651	5	19	on	on	ADP
ajfa-13651	5	20	the	the	DET
ajfa-13651	5	21	dividend	dividend	NOUN
ajfa-13651	5	22	payment	payment	NOUN
ajfa-13651	5	23	ratio	ratio	NOUN
ajfa-13651	5	24	.	.	PUNCT
ajfa-13651	6	1	in	in	ADP
ajfa-13651	6	2	addition	addition	NOUN
ajfa-13651	6	3	,	,	PUNCT
ajfa-13651	6	4	financial	financial	ADJ
ajfa-13651	6	5	leverage	leverage	NOUN
ajfa-13651	6	6	has	have	VERB
ajfa-13651	6	7	no	no	DET
ajfa-13651	6	8	impact	impact	NOUN
ajfa-13651	6	9	on	on	ADP
ajfa-13651	6	10	company	company	NOUN
ajfa-13651	6	11	’s	’s	PART
ajfa-13651	6	12	dividend	dividend	NOUN
ajfa-13651	6	13	policy	policy	NOUN
ajfa-13651	6	14	.	.	PUNCT
ajfa-13651	7	1	keywords	keyword	NOUN
ajfa-13651	7	2	:	:	PUNCT
ajfa-13651	7	3	dividend	dividend	NOUN
ajfa-13651	7	4	policy	policy	NOUN
ajfa-13651	7	5	,	,	PUNCT
ajfa-13651	7	6	gls	gls	NOUN
ajfa-13651	7	7	model	model	NOUN
ajfa-13651	7	8	,	,	PUNCT
ajfa-13651	7	9	dividend	dividend	VERB
ajfa-13651	7	10	payout	payout	NOUN
ajfa-13651	7	11	ratio	ratio	NOUN
ajfa-13651	7	12	;	;	PUNCT
ajfa-13651	7	13	dividend	dividend	NOUN
ajfa-13651	7	14	per	per	ADP
ajfa-13651	7	15	share	share	NOUN
ajfa-13651	7	16	ratio	ratio	NOUN
ajfa-13651	7	17	asian	asian	PROPN
ajfa-13651	7	18	journal	journal	PROPN
ajfa-13651	7	19	of	of	ADP
ajfa-13651	7	20	finance	finance	PROPN
ajfa-13651	7	21	&	&	CCONJ
ajfa-13651	7	22	accounting	accounting	PROPN
ajfa-13651	7	23	issn	issn	PROPN
ajfa-13651	7	24	1946	1946	NUM
ajfa-13651	7	25	-	-	PUNCT
ajfa-13651	7	26	052x	052x	NOUN
ajfa-13651	7	27	2018	2018	NUM
ajfa-13651	7	28	,	,	PUNCT
ajfa-13651	7	29	vol	vol	NOUN
ajfa-13651	7	30	.	.	PROPN
ajfa-13651	8	1	10	10	NUM
ajfa-13651	8	2	,	,	PUNCT
ajfa-13651	8	3	no	no	INTJ
ajfa-13651	8	4	.	.	NOUN
ajfa-13651	8	5	2	2	NUM
ajfa-13651	8	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	8	7	17	17	NUM
ajfa-13651	8	8	1	1	NUM
ajfa-13651	8	9	.	.	PUNCT
ajfa-13651	9	1	introduction	introduction	NOUN
ajfa-13651	9	2	the	the	DET
ajfa-13651	9	3	aim	aim	NOUN
ajfa-13651	9	4	of	of	ADP
ajfa-13651	9	5	dividend	dividend	NOUN
ajfa-13651	9	6	policy	policy	NOUN
ajfa-13651	9	7	is	be	AUX
ajfa-13651	9	8	to	to	PART
ajfa-13651	9	9	allocate	allocate	VERB
ajfa-13651	9	10	retained	retain	VERB
ajfa-13651	9	11	earnings	earning	NOUN
ajfa-13651	9	12	for	for	ADP
ajfa-13651	9	13	reinvestment	reinvestment	NOUN
ajfa-13651	9	14	and	and	CCONJ
ajfa-13651	9	15	dividends	dividend	NOUN
ajfa-13651	9	16	for	for	ADP
ajfa-13651	9	17	shareholders	shareholder	NOUN
ajfa-13651	9	18	.	.	PUNCT
ajfa-13651	10	1	retained	retain	VERB
ajfa-13651	10	2	earnings	earning	NOUN
ajfa-13651	10	3	provide	provide	VERB
ajfa-13651	10	4	investors	investor	NOUN
ajfa-13651	10	5	a	a	DET
ajfa-13651	10	6	source	source	NOUN
ajfa-13651	10	7	of	of	ADP
ajfa-13651	10	8	potential	potential	ADJ
ajfa-13651	10	9	future	future	ADJ
ajfa-13651	10	10	profit	profit	NOUN
ajfa-13651	10	11	growth	growth	NOUN
ajfa-13651	10	12	through	through	ADP
ajfa-13651	10	13	reinvestment	reinvestment	NOUN
ajfa-13651	10	14	,	,	PUNCT
ajfa-13651	10	15	while	while	SCONJ
ajfa-13651	10	16	dividends	dividend	NOUN
ajfa-13651	10	17	provide	provide	VERB
ajfa-13651	10	18	them	they	PRON
ajfa-13651	10	19	a	a	DET
ajfa-13651	10	20	current	current	ADJ
ajfa-13651	10	21	distribution	distribution	NOUN
ajfa-13651	10	22	.	.	PUNCT
ajfa-13651	11	1	it	it	PRON
ajfa-13651	11	2	determines	determine	VERB
ajfa-13651	11	3	how	how	SCONJ
ajfa-13651	11	4	much	much	ADJ
ajfa-13651	11	5	the	the	DET
ajfa-13651	11	6	company	company	NOUN
ajfa-13651	11	7	's	's	PART
ajfa-13651	11	8	after	after	ADP
ajfa-13651	11	9	-	-	PUNCT
ajfa-13651	11	10	tax	tax	NOUN
ajfa-13651	11	11	profit	profit	NOUN
ajfa-13651	11	12	will	will	AUX
ajfa-13651	11	13	be	be	AUX
ajfa-13651	11	14	distributed	distribute	VERB
ajfa-13651	11	15	,	,	PUNCT
ajfa-13651	11	16	how	how	SCONJ
ajfa-13651	11	17	much	much	ADJ
ajfa-13651	11	18	retained	retain	VERB
ajfa-13651	11	19	earnings	earning	NOUN
ajfa-13651	11	20	for	for	ADP
ajfa-13651	11	21	reinvestment	reinvestment	NOUN
ajfa-13651	11	22	will	will	AUX
ajfa-13651	11	23	be	be	AUX
ajfa-13651	11	24	,	,	PUNCT
ajfa-13651	11	25	and	and	CCONJ
ajfa-13651	11	26	how	how	SCONJ
ajfa-13651	11	27	much	much	ADJ
ajfa-13651	11	28	dividends	dividend	NOUN
ajfa-13651	11	29	for	for	ADP
ajfa-13651	11	30	shareholders	shareholder	NOUN
ajfa-13651	11	31	will	will	AUX
ajfa-13651	11	32	be	be	AUX
ajfa-13651	11	33	.	.	PUNCT
ajfa-13651	12	1	thus	thus	ADV
ajfa-13651	12	2	,	,	PUNCT
ajfa-13651	12	3	dividend	dividend	NOUN
ajfa-13651	12	4	policy	policy	NOUN
ajfa-13651	12	5	will	will	AUX
ajfa-13651	12	6	affect	affect	VERB
ajfa-13651	12	7	the	the	DET
ajfa-13651	12	8	share	share	NOUN
ajfa-13651	12	9	of	of	ADP
ajfa-13651	12	10	capital	capital	NOUN
ajfa-13651	12	11	in	in	ADP
ajfa-13651	12	12	the	the	DET
ajfa-13651	12	13	capital	capital	NOUN
ajfa-13651	12	14	structure	structure	NOUN
ajfa-13651	12	15	of	of	ADP
ajfa-13651	12	16	the	the	DET
ajfa-13651	12	17	business	business	NOUN
ajfa-13651	12	18	and	and	CCONJ
ajfa-13651	12	19	the	the	DET
ajfa-13651	12	20	cost	cost	NOUN
ajfa-13651	12	21	of	of	ADP
ajfa-13651	12	22	capital	capital	NOUN
ajfa-13651	12	23	used	use	VERB
ajfa-13651	12	24	by	by	ADP
ajfa-13651	12	25	the	the	DET
ajfa-13651	12	26	business	business	NOUN
ajfa-13651	12	27	.	.	PUNCT
ajfa-13651	13	1	the	the	DET
ajfa-13651	13	2	dividend	dividend	NOUN
ajfa-13651	13	3	policy	policy	NOUN
ajfa-13651	13	4	plays	play	VERB
ajfa-13651	13	5	an	an	DET
ajfa-13651	13	6	important	important	ADJ
ajfa-13651	13	7	role	role	NOUN
ajfa-13651	13	8	in	in	ADP
ajfa-13651	13	9	business	business	NOUN
ajfa-13651	13	10	activities	activity	NOUN
ajfa-13651	13	11	and	and	CCONJ
ajfa-13651	13	12	will	will	AUX
ajfa-13651	13	13	be	be	AUX
ajfa-13651	13	14	affected	affect	VERB
ajfa-13651	13	15	by	by	ADP
ajfa-13651	13	16	many	many	ADJ
ajfa-13651	13	17	factors	factor	NOUN
ajfa-13651	13	18	such	such	ADJ
ajfa-13651	13	19	as	as	ADP
ajfa-13651	13	20	profitability	profitability	NOUN
ajfa-13651	13	21	,	,	PUNCT
ajfa-13651	13	22	growth	growth	NOUN
ajfa-13651	13	23	rate	rate	NOUN
ajfa-13651	13	24	,	,	PUNCT
ajfa-13651	13	25	firm	firm	ADJ
ajfa-13651	13	26	size	size	NOUN
ajfa-13651	13	27	,	,	PUNCT
ajfa-13651	13	28	etc	etc	X
ajfa-13651	13	29	.	.	X
ajfa-13651	14	1	this	this	DET
ajfa-13651	14	2	study	study	NOUN
ajfa-13651	14	3	focuses	focus	VERB
ajfa-13651	14	4	on	on	ADP
ajfa-13651	14	5	the	the	DET
ajfa-13651	14	6	theories	theory	NOUN
ajfa-13651	14	7	of	of	ADP
ajfa-13651	14	8	factors	factor	NOUN
ajfa-13651	14	9	influencing	influence	VERB
ajfa-13651	14	10	corporate	corporate	ADJ
ajfa-13651	14	11	dividend	dividend	NOUN
ajfa-13651	14	12	policy	policy	NOUN
ajfa-13651	14	13	and	and	CCONJ
ajfa-13651	14	14	determines	determine	VERB
ajfa-13651	14	15	how	how	SCONJ
ajfa-13651	14	16	these	these	DET
ajfa-13651	14	17	factors	factor	NOUN
ajfa-13651	14	18	influence	influence	VERB
ajfa-13651	14	19	the	the	DET
ajfa-13651	14	20	dividend	dividend	NOUN
ajfa-13651	14	21	payment	payment	NOUN
ajfa-13651	14	22	decisions	decision	NOUN
ajfa-13651	14	23	of	of	ADP
ajfa-13651	14	24	joint	joint	ADJ
ajfa-13651	14	25	stock	stock	NOUN
ajfa-13651	14	26	companies	company	NOUN
ajfa-13651	14	27	that	that	PRON
ajfa-13651	14	28	be	be	AUX
ajfa-13651	14	29	listed	list	VERB
ajfa-13651	14	30	on	on	ADP
ajfa-13651	14	31	the	the	DET
ajfa-13651	14	32	stock	stock	NOUN
ajfa-13651	14	33	market	market	NOUN
ajfa-13651	14	34	of	of	ADP
ajfa-13651	14	35	vietnam	vietnam	PROPN
ajfa-13651	14	36	.	.	PUNCT
ajfa-13651	15	1	there	there	PRON
ajfa-13651	15	2	have	have	AUX
ajfa-13651	15	3	been	be	AUX
ajfa-13651	15	4	many	many	ADJ
ajfa-13651	15	5	studies	study	NOUN
ajfa-13651	15	6	on	on	ADP
ajfa-13651	15	7	the	the	DET
ajfa-13651	15	8	factors	factor	NOUN
ajfa-13651	15	9	influencing	influence	VERB
ajfa-13651	15	10	the	the	DET
ajfa-13651	15	11	dividend	dividend	NOUN
ajfa-13651	15	12	policy	policy	NOUN
ajfa-13651	15	13	in	in	ADP
ajfa-13651	15	14	the	the	DET
ajfa-13651	15	15	world	world	NOUN
ajfa-13651	15	16	,	,	PUNCT
ajfa-13651	15	17	such	such	ADJ
ajfa-13651	15	18	as	as	ADP
ajfa-13651	15	19	rozeff	rozeff	NOUN
ajfa-13651	15	20	(	(	PUNCT
ajfa-13651	15	21	1982	1982	NUM
ajfa-13651	15	22	)	)	PUNCT
ajfa-13651	15	23	,	,	PUNCT
ajfa-13651	15	24	fama	fama	PROPN
ajfa-13651	15	25	&	&	CCONJ
ajfa-13651	15	26	french	french	PROPN
ajfa-13651	15	27	(	(	PUNCT
ajfa-13651	15	28	2001	2001	NUM
ajfa-13651	15	29	)	)	PUNCT
ajfa-13651	15	30	,	,	PUNCT
ajfa-13651	15	31	liu	liu	PROPN
ajfa-13651	15	32	&	&	CCONJ
ajfa-13651	15	33	hu	hu	PROPN
ajfa-13651	15	34	,	,	PUNCT
ajfa-13651	15	35	(	(	PUNCT
ajfa-13651	15	36	2005	2005	NUM
ajfa-13651	15	37	)	)	PUNCT
ajfa-13651	15	38	,	,	PUNCT
ajfa-13651	15	39	deangelo	deangelo	PROPN
ajfa-13651	15	40	,	,	PUNCT
ajfa-13651	15	41	deangelo	deangelo	PROPN
ajfa-13651	15	42	,	,	PUNCT
ajfa-13651	15	43	&	&	CCONJ
ajfa-13651	15	44	stulz	stulz	ADJ
ajfa-13651	15	45	(	(	PUNCT
ajfa-13651	15	46	2006	2006	NUM
ajfa-13651	15	47	)	)	PUNCT
ajfa-13651	15	48	,	,	PUNCT
ajfa-13651	15	49	nizar	nizar	PROPN
ajfa-13651	15	50	al	al	PROPN
ajfa-13651	15	51	-	-	PUNCT
ajfa-13651	15	52	malkawi	malkawi	PROPN
ajfa-13651	15	53	(	(	PUNCT
ajfa-13651	15	54	2007	2007	NUM
ajfa-13651	15	55	)	)	PUNCT
ajfa-13651	15	56	,	,	PUNCT
ajfa-13651	15	57	ahmed	ahmed	PROPN
ajfa-13651	15	58	&	&	CCONJ
ajfa-13651	15	59	javid	javid	PROPN
ajfa-13651	15	60	(	(	PUNCT
ajfa-13651	15	61	2008	2008	NUM
ajfa-13651	15	62	)	)	PUNCT
ajfa-13651	15	63	,	,	PUNCT
ajfa-13651	15	64	gill	gill	NOUN
ajfa-13651	15	65	,	,	PUNCT
ajfa-13651	15	66	biger	big	ADJ
ajfa-13651	15	67	,	,	PUNCT
ajfa-13651	15	68	&	&	CCONJ
ajfa-13651	15	69	tibrewala	tibrewala	PROPN
ajfa-13651	15	70	(	(	PUNCT
ajfa-13651	15	71	2010	2010	NUM
ajfa-13651	15	72	)	)	PUNCT
ajfa-13651	15	73	.	.	PUNCT
ajfa-13651	16	1	these	these	DET
ajfa-13651	16	2	studies	study	NOUN
ajfa-13651	16	3	have	have	VERB
ajfa-13651	16	4	some	some	DET
ajfa-13651	16	5	similar	similar	ADJ
ajfa-13651	16	6	results	result	NOUN
ajfa-13651	16	7	but	but	CCONJ
ajfa-13651	16	8	there	there	PRON
ajfa-13651	16	9	are	be	VERB
ajfa-13651	16	10	also	also	ADV
ajfa-13651	16	11	inconsistent	inconsistent	ADJ
ajfa-13651	16	12	results	result	NOUN
ajfa-13651	16	13	that	that	PRON
ajfa-13651	16	14	need	need	VERB
ajfa-13651	16	15	to	to	PART
ajfa-13651	16	16	be	be	AUX
ajfa-13651	16	17	studied	study	VERB
ajfa-13651	16	18	.	.	PUNCT
ajfa-13651	17	1	in	in	ADP
ajfa-13651	17	2	vietnam	vietnam	PROPN
ajfa-13651	17	3	,	,	PUNCT
ajfa-13651	17	4	the	the	DET
ajfa-13651	17	5	research	research	NOUN
ajfa-13651	17	6	of	of	ADP
ajfa-13651	17	7	vo	vo	PROPN
ajfa-13651	17	8	(	(	PUNCT
ajfa-13651	17	9	2013	2013	NUM
ajfa-13651	17	10	)	)	PUNCT
ajfa-13651	17	11	,	,	PUNCT
ajfa-13651	17	12	t.m.h	t.m.h	PROPN
ajfa-13651	17	13	.	.	PUNCT
ajfa-13651	17	14	nguyen	nguyen	PROPN
ajfa-13651	17	15	,	,	PUNCT
ajfa-13651	17	16	nguyen	nguyen	NOUN
ajfa-13651	17	17	,	,	PUNCT
ajfa-13651	17	18	&	&	CCONJ
ajfa-13651	17	19	nguyen	nguyen	PROPN
ajfa-13651	17	20	(	(	PUNCT
ajfa-13651	17	21	2014	2014	NUM
ajfa-13651	17	22	)	)	PUNCT
ajfa-13651	17	23	,	,	PUNCT
ajfa-13651	17	24	dinh	dinh	NOUN
ajfa-13651	17	25	&	&	CCONJ
ajfa-13651	17	26	nguyen	nguyen	PROPN
ajfa-13651	17	27	(	(	PUNCT
ajfa-13651	17	28	2014	2014	NUM
ajfa-13651	17	29	)	)	PUNCT
ajfa-13651	17	30	,	,	PUNCT
ajfa-13651	17	31	t.n.t	t.n.t	PROPN
ajfa-13651	17	32	.	.	PUNCT
ajfa-13651	17	33	nguyen	nguyen	PROPN
ajfa-13651	17	34	&	&	CCONJ
ajfa-13651	17	35	bui	bui	PROPN
ajfa-13651	17	36	(	(	PUNCT
ajfa-13651	17	37	2018	2018	NUM
ajfa-13651	17	38	)	)	PUNCT
ajfa-13651	17	39	use	use	VERB
ajfa-13651	17	40	different	different	ADJ
ajfa-13651	17	41	model	model	NOUN
ajfa-13651	17	42	as	as	ADV
ajfa-13651	17	43	well	well	ADV
ajfa-13651	17	44	as	as	ADP
ajfa-13651	17	45	the	the	DET
ajfa-13651	17	46	dependent	dependent	ADJ
ajfa-13651	17	47	variables	variable	NOUN
ajfa-13651	17	48	so	so	SCONJ
ajfa-13651	17	49	the	the	DET
ajfa-13651	17	50	results	result	NOUN
ajfa-13651	17	51	of	of	ADP
ajfa-13651	17	52	the	the	DET
ajfa-13651	17	53	study	study	NOUN
ajfa-13651	17	54	are	be	AUX
ajfa-13651	17	55	not	not	PART
ajfa-13651	17	56	consistent	consistent	ADJ
ajfa-13651	17	57	with	with	ADP
ajfa-13651	17	58	each	each	DET
ajfa-13651	17	59	other	other	ADJ
ajfa-13651	17	60	.	.	PUNCT
ajfa-13651	18	1	the	the	DET
ajfa-13651	18	2	purpose	purpose	NOUN
ajfa-13651	18	3	of	of	ADP
ajfa-13651	18	4	this	this	DET
ajfa-13651	18	5	study	study	NOUN
ajfa-13651	18	6	is	be	AUX
ajfa-13651	18	7	to	to	PART
ajfa-13651	18	8	clarify	clarify	VERB
ajfa-13651	18	9	the	the	DET
ajfa-13651	18	10	theoretical	theoretical	ADJ
ajfa-13651	18	11	basis	basis	NOUN
ajfa-13651	18	12	,	,	PUNCT
ajfa-13651	18	13	determine	determine	VERB
ajfa-13651	18	14	the	the	DET
ajfa-13651	18	15	factors	factor	NOUN
ajfa-13651	18	16	influencing	influence	VERB
ajfa-13651	18	17	dividend	dividend	NOUN
ajfa-13651	18	18	policy	policy	NOUN
ajfa-13651	18	19	(	(	PUNCT
ajfa-13651	18	20	measured	measure	VERB
ajfa-13651	18	21	by	by	ADP
ajfa-13651	18	22	dividend	dividend	NOUN
ajfa-13651	18	23	payout	payout	NOUN
ajfa-13651	18	24	ratio	ratio	NOUN
ajfa-13651	18	25	,	,	PUNCT
ajfa-13651	18	26	dividend	dividend	NOUN
ajfa-13651	18	27	per	per	ADP
ajfa-13651	18	28	share	share	NOUN
ajfa-13651	18	29	ratio	ratio	NOUN
ajfa-13651	18	30	)	)	PUNCT
ajfa-13651	18	31	based	base	VERB
ajfa-13651	18	32	on	on	ADP
ajfa-13651	18	33	empirical	empirical	ADJ
ajfa-13651	18	34	research	research	NOUN
ajfa-13651	18	35	of	of	ADP
ajfa-13651	18	36	companies	company	NOUN
ajfa-13651	18	37	listed	list	VERB
ajfa-13651	18	38	in	in	ADP
ajfa-13651	18	39	the	the	DET
ajfa-13651	18	40	vietnam	vietnam	PROPN
ajfa-13651	18	41	securities	security	NOUN
ajfa-13651	18	42	market	market	NOUN
ajfa-13651	18	43	for	for	ADP
ajfa-13651	18	44	the	the	DET
ajfa-13651	18	45	period	period	NOUN
ajfa-13651	18	46	2006	2006	NUM
ajfa-13651	18	47	-	-	SYM
ajfa-13651	18	48	2017	2017	NUM
ajfa-13651	18	49	.	.	PUNCT
ajfa-13651	19	1	2	2	X
ajfa-13651	19	2	.	.	X
ajfa-13651	19	3	theoretical	theoretical	ADJ
ajfa-13651	19	4	framework	framework	NOUN
ajfa-13651	19	5	according	accord	VERB
ajfa-13651	19	6	to	to	ADP
ajfa-13651	19	7	miller	miller	PROPN
ajfa-13651	19	8	&	&	CCONJ
ajfa-13651	19	9	modigliani	modigliani	PROPN
ajfa-13651	19	10	(	(	PUNCT
ajfa-13651	19	11	1961	1961	NUM
ajfa-13651	19	12	)	)	PUNCT
ajfa-13651	19	13	,	,	PUNCT
ajfa-13651	19	14	dividend	dividend	NOUN
ajfa-13651	19	15	policy	policy	NOUN
ajfa-13651	19	16	does	do	AUX
ajfa-13651	19	17	not	not	PART
ajfa-13651	19	18	affect	affect	VERB
ajfa-13651	19	19	the	the	DET
ajfa-13651	19	20	value	value	NOUN
ajfa-13651	19	21	of	of	ADP
ajfa-13651	19	22	a	a	DET
ajfa-13651	19	23	company	company	NOUN
ajfa-13651	19	24	.	.	PUNCT
ajfa-13651	20	1	the	the	DET
ajfa-13651	20	2	value	value	NOUN
ajfa-13651	20	3	of	of	ADP
ajfa-13651	20	4	a	a	DET
ajfa-13651	20	5	company	company	NOUN
ajfa-13651	20	6	depends	depend	VERB
ajfa-13651	20	7	on	on	ADP
ajfa-13651	20	8	investment	investment	NOUN
ajfa-13651	20	9	decisions	decision	NOUN
ajfa-13651	20	10	.	.	PUNCT
ajfa-13651	21	1	this	this	DET
ajfa-13651	21	2	conclusion	conclusion	NOUN
ajfa-13651	21	3	of	of	ADP
ajfa-13651	21	4	miller	miller	PROPN
ajfa-13651	21	5	&	&	CCONJ
ajfa-13651	21	6	modigliani	modigliani	PROPN
ajfa-13651	21	7	(	(	PUNCT
ajfa-13651	21	8	1961	1961	NUM
ajfa-13651	21	9	)	)	PUNCT
ajfa-13651	21	10	is	be	AUX
ajfa-13651	21	11	based	base	VERB
ajfa-13651	21	12	on	on	ADP
ajfa-13651	21	13	the	the	DET
ajfa-13651	21	14	assumptions	assumption	NOUN
ajfa-13651	21	15	of	of	ADP
ajfa-13651	21	16	an	an	DET
ajfa-13651	21	17	efficient	efficient	ADJ
ajfa-13651	21	18	and	and	CCONJ
ajfa-13651	21	19	perfect	perfect	ADJ
ajfa-13651	21	20	capital	capital	NOUN
ajfa-13651	21	21	market	market	NOUN
ajfa-13651	21	22	.	.	PUNCT
ajfa-13651	22	1	this	this	DET
ajfa-13651	22	2	research	research	NOUN
ajfa-13651	22	3	also	also	ADV
ajfa-13651	22	4	relies	rely	VERB
ajfa-13651	22	5	on	on	ADP
ajfa-13651	22	6	customer	customer	NOUN
ajfa-13651	22	7	effect	effect	NOUN
ajfa-13651	22	8	arguments	argument	NOUN
ajfa-13651	22	9	to	to	PART
ajfa-13651	22	10	protect	protect	VERB
ajfa-13651	22	11	its	its	PRON
ajfa-13651	22	12	conclusions	conclusion	NOUN
ajfa-13651	22	13	.	.	PUNCT
ajfa-13651	23	1	accordingly	accordingly	ADV
ajfa-13651	23	2	,	,	PUNCT
ajfa-13651	23	3	company	company	NOUN
ajfa-13651	23	4	that	that	PRON
ajfa-13651	23	5	change	change	VERB
ajfa-13651	23	6	their	their	PRON
ajfa-13651	23	7	dividend	dividend	NOUN
ajfa-13651	23	8	policy	policy	NOUN
ajfa-13651	23	9	may	may	AUX
ajfa-13651	23	10	lose	lose	VERB
ajfa-13651	23	11	some	some	DET
ajfa-13651	23	12	shareholders	shareholder	NOUN
ajfa-13651	23	13	because	because	SCONJ
ajfa-13651	23	14	they	they	PRON
ajfa-13651	23	15	will	will	AUX
ajfa-13651	23	16	move	move	VERB
ajfa-13651	23	17	to	to	ADP
ajfa-13651	23	18	another	another	DET
ajfa-13651	23	19	company	company	NOUN
ajfa-13651	23	20	that	that	PRON
ajfa-13651	23	21	have	have	VERB
ajfa-13651	23	22	an	an	DET
ajfa-13651	23	23	attractive	attractive	ADJ
ajfa-13651	23	24	dividend	dividend	NOUN
ajfa-13651	23	25	.	.	PUNCT
ajfa-13651	24	1	thus	thus	ADV
ajfa-13651	24	2	,	,	PUNCT
ajfa-13651	24	3	stock	stock	NOUN
ajfa-13651	24	4	prices	price	NOUN
ajfa-13651	24	5	have	have	AUX
ajfa-13651	24	6	fallen	fall	VERB
ajfa-13651	24	7	temporarily	temporarily	ADV
ajfa-13651	24	8	,	,	PUNCT
ajfa-13651	24	9	but	but	CCONJ
ajfa-13651	24	10	other	other	ADJ
ajfa-13651	24	11	investors	investor	NOUN
ajfa-13651	24	12	who	who	PRON
ajfa-13651	24	13	prefer	prefer	VERB
ajfa-13651	24	14	the	the	DET
ajfa-13651	24	15	new	new	ADJ
ajfa-13651	24	16	dividend	dividend	NOUN
ajfa-13651	24	17	policy	policy	NOUN
ajfa-13651	24	18	will	will	AUX
ajfa-13651	24	19	think	think	VERB
ajfa-13651	24	20	that	that	SCONJ
ajfa-13651	24	21	the	the	DET
ajfa-13651	24	22	shares	share	NOUN
ajfa-13651	24	23	of	of	ADP
ajfa-13651	24	24	the	the	DET
ajfa-13651	24	25	company	company	NOUN
ajfa-13651	24	26	are	be	AUX
ajfa-13651	24	27	sold	sell	VERB
ajfa-13651	24	28	under	under	ADP
ajfa-13651	24	29	the	the	DET
ajfa-13651	24	30	price	price	NOUN
ajfa-13651	24	31	and	and	CCONJ
ajfa-13651	24	32	will	will	AUX
ajfa-13651	24	33	buy	buy	VERB
ajfa-13651	24	34	more	more	ADJ
ajfa-13651	24	35	shares	share	NOUN
ajfa-13651	24	36	.	.	PUNCT
ajfa-13651	25	1	gordon	gordon	PROPN
ajfa-13651	25	2	(	(	PUNCT
ajfa-13651	25	3	1963	1963	NUM
ajfa-13651	25	4	)	)	PUNCT
ajfa-13651	25	5	have	have	VERB
ajfa-13651	25	6	a	a	DET
ajfa-13651	25	7	contrast	contrast	NOUN
ajfa-13651	25	8	argument	argument	NOUN
ajfa-13651	25	9	with	with	ADP
ajfa-13651	25	10	miller	miller	PROPN
ajfa-13651	25	11	&	&	CCONJ
ajfa-13651	25	12	modigliani	modigliani	PROPN
ajfa-13651	25	13	(	(	PUNCT
ajfa-13651	25	14	1961	1961	NUM
ajfa-13651	25	15	)	)	PUNCT
ajfa-13651	25	16	.	.	PUNCT
ajfa-13651	26	1	he	he	PRON
ajfa-13651	26	2	argued	argue	VERB
ajfa-13651	26	3	that	that	SCONJ
ajfa-13651	26	4	if	if	SCONJ
ajfa-13651	26	5	the	the	DET
ajfa-13651	26	6	assumptions	assumption	NOUN
ajfa-13651	26	7	in	in	ADP
ajfa-13651	26	8	the	the	DET
ajfa-13651	26	9	m&m	m&m	NOUN
ajfa-13651	26	10	model	model	NOUN
ajfa-13651	26	11	do	do	AUX
ajfa-13651	26	12	not	not	PART
ajfa-13651	26	13	exist	exist	VERB
ajfa-13651	26	14	,	,	PUNCT
ajfa-13651	26	15	a	a	DET
ajfa-13651	26	16	company	company	NOUN
ajfa-13651	26	17	's	's	PART
ajfa-13651	26	18	dividend	dividend	NOUN
ajfa-13651	26	19	policy	policy	NOUN
ajfa-13651	26	20	becomes	become	VERB
ajfa-13651	26	21	more	more	ADV
ajfa-13651	26	22	important	important	ADJ
ajfa-13651	26	23	because	because	SCONJ
ajfa-13651	26	24	it	it	PRON
ajfa-13651	26	25	can	can	AUX
ajfa-13651	26	26	impact	impact	VERB
ajfa-13651	26	27	on	on	ADP
ajfa-13651	26	28	company	company	NOUN
ajfa-13651	26	29	value	value	NOUN
ajfa-13651	26	30	.	.	PUNCT
ajfa-13651	27	1	free	free	ADJ
ajfa-13651	27	2	cash	cash	NOUN
ajfa-13651	27	3	flow	flow	NOUN
ajfa-13651	27	4	theory	theory	NOUN
ajfa-13651	27	5	assumes	assume	VERB
ajfa-13651	27	6	that	that	SCONJ
ajfa-13651	27	7	company	company	NOUN
ajfa-13651	27	8	pay	pay	VERB
ajfa-13651	27	9	dividends	dividend	NOUN
ajfa-13651	27	10	to	to	PART
ajfa-13651	27	11	overcome	overcome	VERB
ajfa-13651	27	12	the	the	DET
ajfa-13651	27	13	representative	representative	ADJ
ajfa-13651	27	14	matter	matter	NOUN
ajfa-13651	27	15	which	which	PRON
ajfa-13651	27	16	stemming	stem	VERB
ajfa-13651	27	17	from	from	ADP
ajfa-13651	27	18	the	the	DET
ajfa-13651	27	19	separation	separation	NOUN
ajfa-13651	27	20	of	of	ADP
ajfa-13651	27	21	ownership	ownership	NOUN
ajfa-13651	27	22	and	and	CCONJ
ajfa-13651	27	23	control	control	NOUN
ajfa-13651	27	24	in	in	ADP
ajfa-13651	27	25	a	a	DET
ajfa-13651	27	26	large	large	ADJ
ajfa-13651	27	27	and	and	CCONJ
ajfa-13651	27	28	dispersed	disperse	VERB
ajfa-13651	27	29	ownership	ownership	NOUN
ajfa-13651	27	30	company	company	NOUN
ajfa-13651	27	31	.	.	PUNCT
ajfa-13651	28	1	in	in	ADP
ajfa-13651	28	2	such	such	ADJ
ajfa-13651	28	3	company	company	NOUN
ajfa-13651	28	4	,	,	PUNCT
ajfa-13651	28	5	most	most	ADJ
ajfa-13651	28	6	investors	investor	NOUN
ajfa-13651	28	7	have	have	VERB
ajfa-13651	28	8	no	no	DET
ajfa-13651	28	9	ability	ability	NOUN
ajfa-13651	28	10	or	or	CCONJ
ajfa-13651	28	11	incentive	incentive	NOUN
ajfa-13651	28	12	to	to	PART
ajfa-13651	28	13	monitor	monitor	VERB
ajfa-13651	28	14	and	and	CCONJ
ajfa-13651	28	15	control	control	VERB
ajfa-13651	28	16	all	all	DET
ajfa-13651	28	17	activities	activity	NOUN
ajfa-13651	28	18	of	of	ADP
ajfa-13651	28	19	board	board	NOUN
ajfa-13651	28	20	management	management	NOUN
ajfa-13651	28	21	.	.	PUNCT
ajfa-13651	29	1	in	in	ADP
ajfa-13651	29	2	that	that	DET
ajfa-13651	29	3	case	case	NOUN
ajfa-13651	29	4	,	,	PUNCT
ajfa-13651	29	5	managers	manager	NOUN
ajfa-13651	29	6	are	be	AUX
ajfa-13651	29	7	motivated	motivated	ADJ
ajfa-13651	29	8	to	to	PART
ajfa-13651	29	9	engage	engage	VERB
ajfa-13651	29	10	in	in	ADP
ajfa-13651	29	11	activities	activity	NOUN
ajfa-13651	29	12	that	that	PRON
ajfa-13651	29	13	may	may	AUX
ajfa-13651	29	14	not	not	PART
ajfa-13651	29	15	be	be	AUX
ajfa-13651	29	16	in	in	ADP
ajfa-13651	29	17	the	the	DET
ajfa-13651	29	18	best	good	ADJ
ajfa-13651	29	19	interests	interest	NOUN
ajfa-13651	29	20	of	of	ADP
ajfa-13651	29	21	the	the	DET
ajfa-13651	29	22	investor	investor	NOUN
ajfa-13651	29	23	.	.	PUNCT
ajfa-13651	30	1	m.	m.	PROPN
ajfa-13651	30	2	c.	c.	PROPN
ajfa-13651	30	3	jensen	jensen	PROPN
ajfa-13651	30	4	(	(	PUNCT
ajfa-13651	30	5	1986	1986	NUM
ajfa-13651	30	6	)	)	PUNCT
ajfa-13651	30	7	argues	argue	VERB
ajfa-13651	30	8	that	that	SCONJ
ajfa-13651	30	9	asian	asian	ADJ
ajfa-13651	30	10	journal	journal	NOUN
ajfa-13651	30	11	of	of	ADP
ajfa-13651	30	12	finance	finance	PROPN
ajfa-13651	30	13	&	&	CCONJ
ajfa-13651	30	14	accounting	accounting	PROPN
ajfa-13651	30	15	issn	issn	PROPN
ajfa-13651	30	16	1946	1946	NUM
ajfa-13651	30	17	-	-	PUNCT
ajfa-13651	30	18	052x	052x	NOUN
ajfa-13651	30	19	2018	2018	NUM
ajfa-13651	30	20	,	,	PUNCT
ajfa-13651	30	21	vol	vol	NOUN
ajfa-13651	30	22	.	.	PROPN
ajfa-13651	30	23	10	10	NUM
ajfa-13651	30	24	,	,	PUNCT
ajfa-13651	30	25	no	no	INTJ
ajfa-13651	30	26	.	.	NOUN
ajfa-13651	30	27	2	2	NUM
ajfa-13651	30	28	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	30	29	18	18	NUM
ajfa-13651	30	30	paying	pay	VERB
ajfa-13651	30	31	dividends	dividend	NOUN
ajfa-13651	30	32	is	be	AUX
ajfa-13651	30	33	the	the	DET
ajfa-13651	30	34	way	way	NOUN
ajfa-13651	30	35	to	to	PART
ajfa-13651	30	36	achieve	achieve	VERB
ajfa-13651	30	37	this	this	DET
ajfa-13651	30	38	goal	goal	NOUN
ajfa-13651	30	39	.	.	PUNCT
ajfa-13651	31	1	easterbrook	easterbrook	NOUN
ajfa-13651	31	2	(	(	PUNCT
ajfa-13651	31	3	1984	1984	NUM
ajfa-13651	31	4	)	)	PUNCT
ajfa-13651	31	5	also	also	ADV
ajfa-13651	31	6	has	have	VERB
ajfa-13651	31	7	the	the	DET
ajfa-13651	31	8	same	same	ADJ
ajfa-13651	31	9	argument	argument	NOUN
ajfa-13651	31	10	.	.	PUNCT
ajfa-13651	32	1	according	accord	VERB
ajfa-13651	32	2	to	to	ADP
ajfa-13651	32	3	jensen	jensen	PROPN
ajfa-13651	32	4	(	(	PUNCT
ajfa-13651	32	5	1986	1986	NUM
ajfa-13651	32	6	)	)	PUNCT
ajfa-13651	32	7	,	,	PUNCT
ajfa-13651	32	8	managers	manager	NOUN
ajfa-13651	32	9	have	have	VERB
ajfa-13651	32	10	a	a	DET
ajfa-13651	32	11	motivation	motivation	NOUN
ajfa-13651	32	12	to	to	PART
ajfa-13651	32	13	expand	expand	VERB
ajfa-13651	32	14	the	the	DET
ajfa-13651	32	15	company	company	NOUN
ajfa-13651	32	16	exceeding	exceed	VERB
ajfa-13651	32	17	the	the	DET
ajfa-13651	32	18	optimal	optimal	ADJ
ajfa-13651	32	19	scale	scale	NOUN
ajfa-13651	32	20	because	because	SCONJ
ajfa-13651	32	21	the	the	DET
ajfa-13651	32	22	increased	increase	VERB
ajfa-13651	32	23	size	size	NOUN
ajfa-13651	32	24	required	require	VERB
ajfa-13651	32	25	to	to	PART
ajfa-13651	32	26	increase	increase	VERB
ajfa-13651	32	27	resources	resource	NOUN
ajfa-13651	32	28	under	under	ADP
ajfa-13651	32	29	their	their	PRON
ajfa-13651	32	30	control	control	NOUN
ajfa-13651	32	31	.	.	PUNCT
ajfa-13651	33	1	miller	miller	PROPN
ajfa-13651	33	2	&	&	CCONJ
ajfa-13651	33	3	rock	rock	PROPN
ajfa-13651	33	4	(	(	PUNCT
ajfa-13651	33	5	1985	1985	NUM
ajfa-13651	33	6	)	)	PUNCT
ajfa-13651	33	7	suggested	suggest	VERB
ajfa-13651	33	8	that	that	SCONJ
ajfa-13651	33	9	a	a	DET
ajfa-13651	33	10	sudden	sudden	ADJ
ajfa-13651	33	11	change	change	NOUN
ajfa-13651	33	12	in	in	ADP
ajfa-13651	33	13	income	income	NOUN
ajfa-13651	33	14	had	have	VERB
ajfa-13651	33	15	a	a	DET
ajfa-13651	33	16	similar	similar	ADJ
ajfa-13651	33	17	effect	effect	NOUN
ajfa-13651	33	18	on	on	ADP
ajfa-13651	33	19	corporate	corporate	ADJ
ajfa-13651	33	20	profits	profit	NOUN
ajfa-13651	33	21	as	as	ADP
ajfa-13651	33	22	a	a	DET
ajfa-13651	33	23	sudden	sudden	ADJ
ajfa-13651	33	24	change	change	NOUN
ajfa-13651	33	25	in	in	ADP
ajfa-13651	33	26	dividends	dividend	NOUN
ajfa-13651	33	27	.	.	PUNCT
ajfa-13651	34	1	they	they	PRON
ajfa-13651	34	2	concluded	conclude	VERB
ajfa-13651	34	3	that	that	SCONJ
ajfa-13651	34	4	income	income	NOUN
ajfa-13651	34	5	,	,	PUNCT
ajfa-13651	34	6	dividends	dividend	NOUN
ajfa-13651	34	7	and	and	CCONJ
ajfa-13651	34	8	donations	donation	NOUN
ajfa-13651	34	9	were	be	AUX
ajfa-13651	34	10	closely	closely	ADV
ajfa-13651	34	11	related	relate	VERB
ajfa-13651	34	12	.	.	PUNCT
ajfa-13651	35	1	in	in	ADP
ajfa-13651	35	2	addition	addition	NOUN
ajfa-13651	35	3	,	,	PUNCT
ajfa-13651	35	4	the	the	DET
ajfa-13651	35	5	current	current	ADJ
ajfa-13651	35	6	dividend	dividend	NOUN
ajfa-13651	35	7	payment	payment	NOUN
ajfa-13651	35	8	trend	trend	NOUN
ajfa-13651	35	9	is	be	AUX
ajfa-13651	35	10	the	the	DET
ajfa-13651	35	11	base	base	NOUN
ajfa-13651	35	12	for	for	SCONJ
ajfa-13651	35	13	market	market	NOUN
ajfa-13651	35	14	to	to	PART
ajfa-13651	35	15	provide	provide	VERB
ajfa-13651	35	16	income	income	NOUN
ajfa-13651	35	17	in	in	ADP
ajfa-13651	35	18	the	the	DET
ajfa-13651	35	19	future	future	NOUN
ajfa-13651	35	20	.	.	PUNCT
ajfa-13651	36	1	dividend	dividend	NOUN
ajfa-13651	36	2	policy	policy	NOUN
ajfa-13651	36	3	is	be	AUX
ajfa-13651	36	4	the	the	DET
ajfa-13651	36	5	base	base	NOUN
ajfa-13651	36	6	for	for	ADP
ajfa-13651	36	7	signaling	signal	VERB
ajfa-13651	36	8	expected	expect	VERB
ajfa-13651	36	9	income	income	NOUN
ajfa-13651	36	10	in	in	ADP
ajfa-13651	36	11	the	the	DET
ajfa-13651	36	12	future	future	NOUN
ajfa-13651	36	13	.	.	PUNCT
ajfa-13651	37	1	a	a	DET
ajfa-13651	37	2	lot	lot	NOUN
ajfa-13651	37	3	of	of	ADP
ajfa-13651	37	4	research	research	NOUN
ajfa-13651	37	5	has	have	AUX
ajfa-13651	37	6	been	be	AUX
ajfa-13651	37	7	done	do	VERB
ajfa-13651	37	8	in	in	ADP
ajfa-13651	37	9	this	this	DET
ajfa-13651	37	10	field	field	NOUN
ajfa-13651	37	11	,	,	PUNCT
ajfa-13651	37	12	but	but	CCONJ
ajfa-13651	37	13	there	there	PRON
ajfa-13651	37	14	is	be	VERB
ajfa-13651	37	15	not	not	PART
ajfa-13651	37	16	a	a	DET
ajfa-13651	37	17	complete	complete	ADJ
ajfa-13651	37	18	answer	answer	NOUN
ajfa-13651	37	19	.	.	PUNCT
ajfa-13651	38	1	a	a	DET
ajfa-13651	38	2	huge	huge	ADJ
ajfa-13651	38	3	researches	research	NOUN
ajfa-13651	38	4	have	have	AUX
ajfa-13651	38	5	shown	show	VERB
ajfa-13651	38	6	that	that	SCONJ
ajfa-13651	38	7	tackling	tackle	VERB
ajfa-13651	38	8	this	this	DET
ajfa-13651	38	9	problem	problem	NOUN
ajfa-13651	38	10	is	be	AUX
ajfa-13651	38	11	neither	neither	CCONJ
ajfa-13651	38	12	simple	simple	ADJ
ajfa-13651	38	13	nor	nor	CCONJ
ajfa-13651	38	14	clear	clear	ADJ
ajfa-13651	38	15	.	.	PUNCT
ajfa-13651	39	1	dividends	dividend	NOUN
ajfa-13651	39	2	which	which	PRON
ajfa-13651	39	3	are	be	AUX
ajfa-13651	39	4	still	still	ADV
ajfa-13651	39	5	one	one	NUM
ajfa-13651	39	6	of	of	ADP
ajfa-13651	39	7	the	the	DET
ajfa-13651	39	8	most	most	ADV
ajfa-13651	39	9	critical	critical	ADJ
ajfa-13651	39	10	issues	issue	NOUN
ajfa-13651	39	11	in	in	ADP
ajfa-13651	39	12	corporate	corporate	ADJ
ajfa-13651	39	13	finance	finance	NOUN
ajfa-13651	39	14	need	need	VERB
ajfa-13651	39	15	to	to	PART
ajfa-13651	39	16	be	be	AUX
ajfa-13651	39	17	researched	research	VERB
ajfa-13651	39	18	in	in	ADP
ajfa-13651	39	19	many	many	ADJ
ajfa-13651	39	20	aspects	aspect	NOUN
ajfa-13651	39	21	3	3	NUM
ajfa-13651	39	22	.	.	PUNCT
ajfa-13651	39	23	literature	literature	PROPN
ajfa-13651	39	24	review	review	PROPN
ajfa-13651	39	25	3.1	3.1	NUM
ajfa-13651	39	26	.	.	PUNCT
ajfa-13651	39	27	research	research	NOUN
ajfa-13651	39	28	in	in	ADP
ajfa-13651	39	29	developed	develop	VERB
ajfa-13651	39	30	countries	country	NOUN
ajfa-13651	39	31	rozeff	rozeff	NOUN
ajfa-13651	39	32	(	(	PUNCT
ajfa-13651	39	33	1982	1982	NUM
ajfa-13651	39	34	)	)	PUNCT
ajfa-13651	39	35	studied	study	VERB
ajfa-13651	39	36	the	the	DET
ajfa-13651	39	37	dividend	dividend	NOUN
ajfa-13651	39	38	policy	policy	NOUN
ajfa-13651	39	39	and	and	CCONJ
ajfa-13651	39	40	the	the	DET
ajfa-13651	39	41	relationship	relationship	NOUN
ajfa-13651	39	42	of	of	ADP
ajfa-13651	39	43	dividend	dividend	NOUN
ajfa-13651	39	44	policy	policy	NOUN
ajfa-13651	39	45	and	and	CCONJ
ajfa-13651	39	46	variables	variable	NOUN
ajfa-13651	39	47	such	such	ADJ
ajfa-13651	39	48	as	as	ADP
ajfa-13651	39	49	beta	beta	ADJ
ajfa-13651	39	50	coefficient	coefficient	NOUN
ajfa-13651	39	51	,	,	PUNCT
ajfa-13651	39	52	growth	growth	NOUN
ajfa-13651	39	53	rate	rate	NOUN
ajfa-13651	39	54	,	,	PUNCT
ajfa-13651	39	55	and	and	CCONJ
ajfa-13651	39	56	ownership	ownership	NOUN
ajfa-13651	39	57	rate	rate	NOUN
ajfa-13651	39	58	.	.	PUNCT
ajfa-13651	40	1	in	in	ADP
ajfa-13651	40	2	this	this	DET
ajfa-13651	40	3	research	research	NOUN
ajfa-13651	40	4	,	,	PUNCT
ajfa-13651	40	5	the	the	DET
ajfa-13651	40	6	data	datum	NOUN
ajfa-13651	40	7	was	be	AUX
ajfa-13651	40	8	collected	collect	VERB
ajfa-13651	40	9	from	from	ADP
ajfa-13651	40	10	1000	1000	NUM
ajfa-13651	40	11	companies	company	NOUN
ajfa-13651	40	12	in	in	ADP
ajfa-13651	40	13	the	the	DET
ajfa-13651	40	14	united	united	PROPN
ajfa-13651	40	15	states	states	PROPN
ajfa-13651	40	16	.	.	PUNCT
ajfa-13651	41	1	results	result	NOUN
ajfa-13651	41	2	showed	show	VERB
ajfa-13651	41	3	that	that	SCONJ
ajfa-13651	41	4	dividend	dividend	NOUN
ajfa-13651	41	5	payouts	payout	NOUN
ajfa-13651	41	6	have	have	VERB
ajfa-13651	41	7	the	the	DET
ajfa-13651	41	8	opposite	opposite	ADJ
ajfa-13651	41	9	effect	effect	NOUN
ajfa-13651	41	10	with	with	ADP
ajfa-13651	41	11	future	future	ADJ
ajfa-13651	41	12	revenue	revenue	NOUN
ajfa-13651	41	13	growth	growth	NOUN
ajfa-13651	41	14	,	,	PUNCT
ajfa-13651	41	15	beta	beta	ADJ
ajfa-13651	41	16	coefficient	coefficient	NOUN
ajfa-13651	41	17	,	,	PUNCT
ajfa-13651	41	18	and	and	CCONJ
ajfa-13651	41	19	ownership	ownership	NOUN
ajfa-13651	41	20	rate	rate	NOUN
ajfa-13651	41	21	.	.	PUNCT
ajfa-13651	42	1	in	in	ADP
ajfa-13651	42	2	addition	addition	NOUN
ajfa-13651	42	3	,	,	PUNCT
ajfa-13651	42	4	the	the	DET
ajfa-13651	42	5	results	result	NOUN
ajfa-13651	42	6	of	of	ADP
ajfa-13651	42	7	this	this	DET
ajfa-13651	42	8	study	study	NOUN
ajfa-13651	42	9	also	also	ADV
ajfa-13651	42	10	show	show	VERB
ajfa-13651	42	11	that	that	SCONJ
ajfa-13651	42	12	dividend	dividend	NOUN
ajfa-13651	42	13	policy	policy	NOUN
ajfa-13651	42	14	in	in	ADP
ajfa-13651	42	15	a	a	DET
ajfa-13651	42	16	company	company	NOUN
ajfa-13651	42	17	is	be	AUX
ajfa-13651	42	18	affected	affect	VERB
ajfa-13651	42	19	by	by	ADP
ajfa-13651	42	20	investment	investment	NOUN
ajfa-13651	42	21	policy	policy	NOUN
ajfa-13651	42	22	.	.	PUNCT
ajfa-13651	43	1	gr	gr	PROPN
ajfa-13651	43	2	jensen	jensen	PROPN
ajfa-13651	43	3	,	,	PUNCT
ajfa-13651	43	4	solberg	solberg	PROPN
ajfa-13651	43	5	,	,	PUNCT
ajfa-13651	43	6	&	&	CCONJ
ajfa-13651	43	7	zorn	zorn	PROPN
ajfa-13651	43	8	,	,	PUNCT
ajfa-13651	43	9	et.al	et.al	PROPN
ajfa-13651	43	10	,	,	PUNCT
ajfa-13651	43	11	(	(	PUNCT
ajfa-13651	43	12	1992	1992	NUM
ajfa-13651	43	13	)	)	PUNCT
ajfa-13651	43	14	studied	study	VERB
ajfa-13651	43	15	the	the	DET
ajfa-13651	43	16	dividend	dividend	NOUN
ajfa-13651	43	17	policy	policy	NOUN
ajfa-13651	43	18	in	in	ADP
ajfa-13651	43	19	the	the	DET
ajfa-13651	43	20	us	us	PROPN
ajfa-13651	43	21	and	and	CCONJ
ajfa-13651	43	22	they	they	PRON
ajfa-13651	43	23	concluded	conclude	VERB
ajfa-13651	43	24	that	that	SCONJ
ajfa-13651	43	25	the	the	DET
ajfa-13651	43	26	debt	debt	NOUN
ajfa-13651	43	27	ratio	ratio	NOUN
ajfa-13651	43	28	was	be	AUX
ajfa-13651	43	29	negatively	negatively	ADV
ajfa-13651	43	30	correlated	correlate	VERB
ajfa-13651	43	31	with	with	ADP
ajfa-13651	43	32	the	the	DET
ajfa-13651	43	33	rate	rate	NOUN
ajfa-13651	43	34	of	of	ADP
ajfa-13651	43	35	return	return	NOUN
ajfa-13651	43	36	.	.	PUNCT
ajfa-13651	44	1	when	when	SCONJ
ajfa-13651	44	2	company	company	NOUN
ajfa-13651	44	3	has	have	VERB
ajfa-13651	44	4	higher	high	ADJ
ajfa-13651	44	5	debt	debt	NOUN
ajfa-13651	44	6	ratio	ratio	NOUN
ajfa-13651	44	7	,	,	PUNCT
ajfa-13651	44	8	which	which	PRON
ajfa-13651	44	9	means	mean	VERB
ajfa-13651	44	10	that	that	SCONJ
ajfa-13651	44	11	the	the	PRON
ajfa-13651	44	12	greater	great	ADJ
ajfa-13651	44	13	the	the	DET
ajfa-13651	44	14	financial	financial	ADJ
ajfa-13651	44	15	risk	risk	NOUN
ajfa-13651	44	16	so	so	SCONJ
ajfa-13651	44	17	that	that	DET
ajfa-13651	44	18	company	company	NOUN
ajfa-13651	44	19	usually	usually	ADV
ajfa-13651	44	20	pays	pay	VERB
ajfa-13651	44	21	lower	low	ADJ
ajfa-13651	44	22	dividends	dividend	NOUN
ajfa-13651	44	23	.	.	PUNCT
ajfa-13651	45	1	fama	fama	PROPN
ajfa-13651	45	2	&	&	CCONJ
ajfa-13651	45	3	french	french	PROPN
ajfa-13651	45	4	(	(	PUNCT
ajfa-13651	45	5	2001	2001	NUM
ajfa-13651	45	6	)	)	PUNCT
ajfa-13651	45	7	used	use	VERB
ajfa-13651	45	8	the	the	DET
ajfa-13651	45	9	logit	logit	NOUN
ajfa-13651	45	10	model	model	NOUN
ajfa-13651	45	11	with	with	ADP
ajfa-13651	45	12	the	the	DET
ajfa-13651	45	13	dependent	dependent	ADJ
ajfa-13651	45	14	variable	variable	NOUN
ajfa-13651	45	15	take	take	VERB
ajfa-13651	45	16	value	value	NOUN
ajfa-13651	45	17	1	1	NUM
ajfa-13651	45	18	if	if	SCONJ
ajfa-13651	45	19	companies	company	NOUN
ajfa-13651	45	20	pay	pay	VERB
ajfa-13651	45	21	dividends	dividend	NOUN
ajfa-13651	45	22	regularly	regularly	ADV
ajfa-13651	45	23	for	for	ADP
ajfa-13651	45	24	ordinary	ordinary	ADJ
ajfa-13651	45	25	shares	share	NOUN
ajfa-13651	45	26	every	every	DET
ajfa-13651	45	27	years	year	NOUN
ajfa-13651	45	28	and	and	CCONJ
ajfa-13651	45	29	value	value	NOUN
ajfa-13651	45	30	0	0	PUNCT
ajfa-13651	46	1	if	if	SCONJ
ajfa-13651	46	2	elsewhere	elsewhere	ADV
ajfa-13651	46	3	.	.	PUNCT
ajfa-13651	47	1	they	they	PRON
ajfa-13651	47	2	point	point	VERB
ajfa-13651	47	3	out	out	ADP
ajfa-13651	47	4	that	that	SCONJ
ajfa-13651	47	5	the	the	DET
ajfa-13651	47	6	dividends	dividend	NOUN
ajfa-13651	47	7	payout	payout	NOUN
ajfa-13651	47	8	ability	ability	NOUN
ajfa-13651	47	9	has	have	VERB
ajfa-13651	47	10	positive	positive	ADJ
ajfa-13651	47	11	correlation	correlation	NOUN
ajfa-13651	47	12	with	with	ADP
ajfa-13651	47	13	firm	firm	ADJ
ajfa-13651	47	14	size	size	NOUN
ajfa-13651	47	15	,	,	PUNCT
ajfa-13651	47	16	profitability	profitability	NOUN
ajfa-13651	47	17	and	and	CCONJ
ajfa-13651	47	18	has	have	VERB
ajfa-13651	47	19	a	a	DET
ajfa-13651	47	20	negative	negative	ADJ
ajfa-13651	47	21	relationship	relationship	NOUN
ajfa-13651	47	22	with	with	ADP
ajfa-13651	47	23	growth	growth	NOUN
ajfa-13651	47	24	opportunities	opportunity	NOUN
ajfa-13651	47	25	.	.	PUNCT
ajfa-13651	48	1	deangelo	deangelo	PROPN
ajfa-13651	48	2	et	et	PROPN
ajfa-13651	48	3	al	al	PROPN
ajfa-13651	48	4	.	.	PROPN
ajfa-13651	48	5	,	,	PUNCT
ajfa-13651	48	6	(	(	PUNCT
ajfa-13651	48	7	2006	2006	NUM
ajfa-13651	48	8	)	)	PUNCT
ajfa-13651	48	9	extend	extend	VERB
ajfa-13651	48	10	the	the	DET
ajfa-13651	48	11	analysis	analysis	NOUN
ajfa-13651	48	12	of	of	ADP
ajfa-13651	48	13	fama	fama	PROPN
ajfa-13651	48	14	&	&	CCONJ
ajfa-13651	48	15	french	french	PROPN
ajfa-13651	48	16	(	(	PUNCT
ajfa-13651	48	17	2001	2001	NUM
ajfa-13651	48	18	)	)	PUNCT
ajfa-13651	48	19	.	.	PUNCT
ajfa-13651	49	1	they	they	PRON
ajfa-13651	49	2	include	include	VERB
ajfa-13651	49	3	the	the	DET
ajfa-13651	49	4	life	life	NOUN
ajfa-13651	49	5	cycle	cycle	NOUN
ajfa-13651	49	6	measurement	measurement	NOUN
ajfa-13651	49	7	of	of	ADP
ajfa-13651	49	8	a	a	DET
ajfa-13651	49	9	company	company	NOUN
ajfa-13651	49	10	and	and	CCONJ
ajfa-13651	49	11	found	find	VERB
ajfa-13651	49	12	out	out	ADP
ajfa-13651	49	13	that	that	SCONJ
ajfa-13651	49	14	the	the	DET
ajfa-13651	49	15	dividend	dividend	NOUN
ajfa-13651	49	16	payout	payout	NOUN
ajfa-13651	49	17	ratio	ratio	NOUN
ajfa-13651	49	18	has	have	VERB
ajfa-13651	49	19	a	a	DET
ajfa-13651	49	20	positive	positive	ADJ
ajfa-13651	49	21	correlation	correlation	NOUN
ajfa-13651	49	22	with	with	ADP
ajfa-13651	49	23	the	the	DET
ajfa-13651	49	24	rate	rate	NOUN
ajfa-13651	49	25	of	of	ADP
ajfa-13651	49	26	return	return	NOUN
ajfa-13651	49	27	on	on	ADP
ajfa-13651	49	28	book	book	NOUN
ajfa-13651	49	29	value	value	NOUN
ajfa-13651	49	30	of	of	ADP
ajfa-13651	49	31	common	common	ADJ
ajfa-13651	49	32	equity	equity	NOUN
ajfa-13651	49	33	and	and	CCONJ
ajfa-13651	49	34	they	they	PRON
ajfa-13651	49	35	argue	argue	VERB
ajfa-13651	49	36	that	that	SCONJ
ajfa-13651	49	37	the	the	DET
ajfa-13651	49	38	rate	rate	NOUN
ajfa-13651	49	39	of	of	ADP
ajfa-13651	49	40	return	return	NOUN
ajfa-13651	49	41	on	on	ADP
ajfa-13651	49	42	book	book	NOUN
ajfa-13651	49	43	value	value	NOUN
ajfa-13651	49	44	of	of	ADP
ajfa-13651	49	45	common	common	ADJ
ajfa-13651	49	46	equity	equity	NOUN
ajfa-13651	49	47	is	be	AUX
ajfa-13651	49	48	often	often	ADV
ajfa-13651	49	49	the	the	DET
ajfa-13651	49	50	most	most	ADV
ajfa-13651	49	51	important	important	ADJ
ajfa-13651	49	52	economic	economic	ADJ
ajfa-13651	49	53	indicator	indicator	NOUN
ajfa-13651	49	54	influencing	influence	VERB
ajfa-13651	49	55	to	to	ADP
ajfa-13651	49	56	the	the	DET
ajfa-13651	49	57	trend	trend	NOUN
ajfa-13651	49	58	of	of	ADP
ajfa-13651	49	59	dividends	dividend	NOUN
ajfa-13651	49	60	payout	payout	NOUN
ajfa-13651	49	61	.	.	PUNCT
ajfa-13651	50	1	gill	gill	PROPN
ajfa-13651	50	2	et	et	PROPN
ajfa-13651	50	3	al	al	PROPN
ajfa-13651	50	4	.	.	PROPN
ajfa-13651	50	5	,	,	PUNCT
ajfa-13651	50	6	(	(	PUNCT
ajfa-13651	50	7	2010	2010	NUM
ajfa-13651	50	8	)	)	PUNCT
ajfa-13651	50	9	measured	measure	VERB
ajfa-13651	50	10	the	the	DET
ajfa-13651	50	11	effect	effect	NOUN
ajfa-13651	50	12	of	of	ADP
ajfa-13651	50	13	several	several	ADJ
ajfa-13651	50	14	factors	factor	NOUN
ajfa-13651	50	15	on	on	ADP
ajfa-13651	50	16	the	the	DET
ajfa-13651	50	17	dividend	dividend	NOUN
ajfa-13651	50	18	payout	payout	NOUN
ajfa-13651	50	19	ratio	ratio	NOUN
ajfa-13651	50	20	of	of	ADP
ajfa-13651	50	21	companies	company	NOUN
ajfa-13651	50	22	in	in	ADP
ajfa-13651	50	23	the	the	DET
ajfa-13651	50	24	manufacturing	manufacturing	NOUN
ajfa-13651	50	25	and	and	CCONJ
ajfa-13651	50	26	service	service	NOUN
ajfa-13651	50	27	sectors	sector	NOUN
ajfa-13651	50	28	.	.	PUNCT
ajfa-13651	51	1	in	in	ADP
ajfa-13651	51	2	overall	overall	ADJ
ajfa-13651	51	3	sample	sample	NOUN
ajfa-13651	51	4	size	size	NOUN
ajfa-13651	51	5	,	,	PUNCT
ajfa-13651	51	6	the	the	DET
ajfa-13651	51	7	dividend	dividend	NOUN
ajfa-13651	51	8	payout	payout	NOUN
ajfa-13651	51	9	ratio	ratio	NOUN
ajfa-13651	51	10	depends	depend	VERB
ajfa-13651	51	11	on	on	ADP
ajfa-13651	51	12	margin	margin	NOUN
ajfa-13651	51	13	profit	profit	NOUN
ajfa-13651	51	14	,	,	PUNCT
ajfa-13651	51	15	revenue	revenue	NOUN
ajfa-13651	51	16	growth	growth	NOUN
ajfa-13651	51	17	rate	rate	NOUN
ajfa-13651	51	18	,	,	PUNCT
ajfa-13651	51	19	debt	debt	NOUN
ajfa-13651	51	20	to	to	ADP
ajfa-13651	51	21	equity	equity	NOUN
ajfa-13651	51	22	ratio	ratio	NOUN
ajfa-13651	51	23	and	and	CCONJ
ajfa-13651	51	24	taxes	taxis	NOUN
ajfa-13651	51	25	.	.	PUNCT
ajfa-13651	52	1	for	for	ADP
ajfa-13651	52	2	service	service	NOUN
ajfa-13651	52	3	companies	company	NOUN
ajfa-13651	52	4	,	,	PUNCT
ajfa-13651	52	5	margin	margin	NOUN
ajfa-13651	52	6	profit	profit	NOUN
ajfa-13651	52	7	,	,	PUNCT
ajfa-13651	52	8	revenue	revenue	NOUN
ajfa-13651	52	9	growth	growth	NOUN
ajfa-13651	52	10	rate	rate	NOUN
ajfa-13651	52	11	,	,	PUNCT
ajfa-13651	52	12	and	and	CCONJ
ajfa-13651	52	13	debt	debt	NOUN
ajfa-13651	52	14	to	to	ADP
ajfa-13651	52	15	equity	equity	NOUN
ajfa-13651	52	16	ratio	ratio	NOUN
ajfa-13651	52	17	are	be	AUX
ajfa-13651	52	18	factors	factor	NOUN
ajfa-13651	52	19	that	that	PRON
ajfa-13651	52	20	influence	influence	VERB
ajfa-13651	52	21	the	the	DET
ajfa-13651	52	22	dividend	dividend	NOUN
ajfa-13651	52	23	rate	rate	NOUN
ajfa-13651	52	24	of	of	ADP
ajfa-13651	52	25	companies	company	NOUN
ajfa-13651	52	26	.	.	PUNCT
ajfa-13651	53	1	for	for	ADP
ajfa-13651	53	2	manufacturing	manufacture	VERB
ajfa-13651	53	3	companies	company	NOUN
ajfa-13651	53	4	,	,	PUNCT
ajfa-13651	53	5	the	the	DET
ajfa-13651	53	6	dividend	dividend	NOUN
ajfa-13651	53	7	payout	payout	NOUN
ajfa-13651	53	8	ratio	ratio	NOUN
ajfa-13651	53	9	depends	depend	VERB
ajfa-13651	53	10	on	on	ADP
ajfa-13651	53	11	factors	factor	NOUN
ajfa-13651	53	12	such	such	ADJ
ajfa-13651	53	13	as	as	ADP
ajfa-13651	53	14	margins	margin	NOUN
ajfa-13651	53	15	profit	profit	NOUN
ajfa-13651	53	16	,	,	PUNCT
ajfa-13651	53	17	tax	tax	NOUN
ajfa-13651	53	18	and	and	CCONJ
ajfa-13651	53	19	ratio	ratio	NOUN
ajfa-13651	53	20	of	of	ADP
ajfa-13651	53	21	market	market	NOUN
ajfa-13651	53	22	value	value	NOUN
ajfa-13651	53	23	to	to	ADP
ajfa-13651	53	24	book	book	NOUN
ajfa-13651	53	25	value	value	NOUN
ajfa-13651	53	26	.	.	PUNCT
ajfa-13651	54	1	asian	asian	ADJ
ajfa-13651	54	2	journal	journal	PROPN
ajfa-13651	54	3	of	of	ADP
ajfa-13651	54	4	finance	finance	PROPN
ajfa-13651	54	5	&	&	CCONJ
ajfa-13651	54	6	accounting	accounting	PROPN
ajfa-13651	54	7	issn	issn	PROPN
ajfa-13651	54	8	1946	1946	NUM
ajfa-13651	54	9	-	-	PUNCT
ajfa-13651	54	10	052x	052x	NOUN
ajfa-13651	54	11	2018	2018	NUM
ajfa-13651	54	12	,	,	PUNCT
ajfa-13651	54	13	vol	vol	NOUN
ajfa-13651	54	14	.	.	PROPN
ajfa-13651	55	1	10	10	NUM
ajfa-13651	55	2	,	,	PUNCT
ajfa-13651	55	3	no	no	INTJ
ajfa-13651	55	4	.	.	NOUN
ajfa-13651	55	5	2	2	NUM
ajfa-13651	55	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	55	7	19	19	NUM
ajfa-13651	55	8	3.2	3.2	NUM
ajfa-13651	55	9	.	.	PUNCT
ajfa-13651	56	1	research	research	NOUN
ajfa-13651	56	2	in	in	ADP
ajfa-13651	56	3	developing	develop	VERB
ajfa-13651	56	4	countries	country	NOUN
ajfa-13651	56	5	pandey	pandey	PROPN
ajfa-13651	56	6	(	(	PUNCT
ajfa-13651	56	7	2001	2001	NUM
ajfa-13651	56	8	)	)	PUNCT
ajfa-13651	56	9	studied	study	VERB
ajfa-13651	56	10	the	the	DET
ajfa-13651	56	11	dividend	dividend	NOUN
ajfa-13651	56	12	payment	payment	NOUN
ajfa-13651	56	13	behavior	behavior	NOUN
ajfa-13651	56	14	of	of	ADP
ajfa-13651	56	15	companies	company	NOUN
ajfa-13651	56	16	in	in	ADP
ajfa-13651	56	17	malaysia	malaysia	PROPN
ajfa-13651	56	18	.	.	PUNCT
ajfa-13651	57	1	the	the	DET
ajfa-13651	57	2	sample	sample	NOUN
ajfa-13651	57	3	size	size	NOUN
ajfa-13651	57	4	was	be	AUX
ajfa-13651	57	5	248	248	NUM
ajfa-13651	57	6	companies	company	NOUN
ajfa-13651	57	7	from	from	ADP
ajfa-13651	57	8	1993	1993	NUM
ajfa-13651	57	9	to	to	ADP
ajfa-13651	57	10	2000	2000	NUM
ajfa-13651	57	11	.	.	PUNCT
ajfa-13651	58	1	the	the	DET
ajfa-13651	58	2	results	result	NOUN
ajfa-13651	58	3	show	show	VERB
ajfa-13651	58	4	that	that	SCONJ
ajfa-13651	58	5	there	there	PRON
ajfa-13651	58	6	is	be	VERB
ajfa-13651	58	7	a	a	DET
ajfa-13651	58	8	difference	difference	NOUN
ajfa-13651	58	9	in	in	ADP
ajfa-13651	58	10	dividends	dividend	NOUN
ajfa-13651	58	11	payout	payout	NOUN
ajfa-13651	58	12	among	among	ADP
ajfa-13651	58	13	sectors	sector	NOUN
ajfa-13651	58	14	in	in	ADP
ajfa-13651	58	15	malaysia	malaysia	PROPN
ajfa-13651	58	16	.	.	PUNCT
ajfa-13651	59	1	agricultural	agricultural	ADJ
ajfa-13651	59	2	and	and	CCONJ
ajfa-13651	59	3	manufacturing	manufacturing	NOUN
ajfa-13651	59	4	companies	company	NOUN
ajfa-13651	59	5	have	have	VERB
ajfa-13651	59	6	a	a	DET
ajfa-13651	59	7	higher	high	ADJ
ajfa-13651	59	8	dividends	dividend	NOUN
ajfa-13651	59	9	payout	payout	NOUN
ajfa-13651	59	10	ratio	ratio	NOUN
ajfa-13651	59	11	because	because	SCONJ
ajfa-13651	59	12	they	they	PRON
ajfa-13651	59	13	have	have	VERB
ajfa-13651	59	14	limited	limit	VERB
ajfa-13651	59	15	opportunities	opportunity	NOUN
ajfa-13651	59	16	to	to	PART
ajfa-13651	59	17	invest	invest	VERB
ajfa-13651	59	18	and	and	CCONJ
ajfa-13651	59	19	increase	increase	VERB
ajfa-13651	59	20	working	work	VERB
ajfa-13651	59	21	capital	capital	NOUN
ajfa-13651	59	22	.	.	PUNCT
ajfa-13651	60	1	this	this	DET
ajfa-13651	60	2	research	research	NOUN
ajfa-13651	60	3	also	also	ADV
ajfa-13651	60	4	shows	show	VERB
ajfa-13651	60	5	that	that	SCONJ
ajfa-13651	60	6	profitability	profitability	NOUN
ajfa-13651	60	7	,	,	PUNCT
ajfa-13651	60	8	company	company	NOUN
ajfa-13651	60	9	size	size	NOUN
ajfa-13651	60	10	and	and	CCONJ
ajfa-13651	60	11	investment	investment	NOUN
ajfa-13651	60	12	opportunities	opportunity	NOUN
ajfa-13651	60	13	have	have	VERB
ajfa-13651	60	14	an	an	DET
ajfa-13651	60	15	influence	influence	NOUN
ajfa-13651	60	16	on	on	ADP
ajfa-13651	60	17	dividend	dividend	NOUN
ajfa-13651	60	18	policy	policy	NOUN
ajfa-13651	60	19	.	.	PUNCT
ajfa-13651	61	1	a	a	DET
ajfa-13651	61	2	larger	large	ADJ
ajfa-13651	61	3	company	company	NOUN
ajfa-13651	61	4	with	with	ADP
ajfa-13651	61	5	higher	high	ADJ
ajfa-13651	61	6	profitability	profitability	NOUN
ajfa-13651	61	7	usually	usually	ADV
ajfa-13651	61	8	pays	pay	VERB
ajfa-13651	61	9	higher	high	ADJ
ajfa-13651	61	10	dividends	dividend	NOUN
ajfa-13651	61	11	.	.	PUNCT
ajfa-13651	62	1	liu	liu	PROPN
ajfa-13651	62	2	&	&	CCONJ
ajfa-13651	62	3	hu	hu	PROPN
ajfa-13651	62	4	(	(	PUNCT
ajfa-13651	62	5	2005	2005	NUM
ajfa-13651	62	6	)	)	PUNCT
ajfa-13651	62	7	studied	study	VERB
ajfa-13651	62	8	the	the	DET
ajfa-13651	62	9	dividend	dividend	NOUN
ajfa-13651	62	10	policy	policy	NOUN
ajfa-13651	62	11	of	of	ADP
ajfa-13651	62	12	companies	company	NOUN
ajfa-13651	62	13	in	in	ADP
ajfa-13651	62	14	china	china	PROPN
ajfa-13651	62	15	.	.	PUNCT
ajfa-13651	63	1	samples	sample	NOUN
ajfa-13651	63	2	were	be	AUX
ajfa-13651	63	3	randomly	randomly	ADV
ajfa-13651	63	4	selected	select	VERB
ajfa-13651	63	5	with	with	ADP
ajfa-13651	63	6	299	299	NUM
ajfa-13651	63	7	companies	company	NOUN
ajfa-13651	63	8	on	on	ADP
ajfa-13651	63	9	the	the	DET
ajfa-13651	63	10	shanghai	shanghai	PROPN
ajfa-13651	63	11	stock	stock	PROPN
ajfa-13651	63	12	exchange	exchange	PROPN
ajfa-13651	63	13	.	.	PUNCT
ajfa-13651	64	1	the	the	DET
ajfa-13651	64	2	results	result	NOUN
ajfa-13651	64	3	show	show	VERB
ajfa-13651	64	4	that	that	SCONJ
ajfa-13651	64	5	dividends	dividend	NOUN
ajfa-13651	64	6	payout	payout	ADJ
ajfa-13651	64	7	ratio	ratio	NOUN
ajfa-13651	64	8	in	in	ADP
ajfa-13651	64	9	chinese	chinese	ADJ
ajfa-13651	64	10	companies	company	NOUN
ajfa-13651	64	11	are	be	AUX
ajfa-13651	64	12	directly	directly	ADV
ajfa-13651	64	13	related	relate	VERB
ajfa-13651	64	14	to	to	ADP
ajfa-13651	64	15	the	the	DET
ajfa-13651	64	16	earning	earning	NOUN
ajfa-13651	64	17	per	per	ADP
ajfa-13651	64	18	share	share	NOUN
ajfa-13651	64	19	and	and	CCONJ
ajfa-13651	64	20	total	total	ADJ
ajfa-13651	64	21	assets	asset	NOUN
ajfa-13651	64	22	and	and	CCONJ
ajfa-13651	64	23	have	have	VERB
ajfa-13651	64	24	a	a	DET
ajfa-13651	64	25	negative	negative	ADJ
ajfa-13651	64	26	relationship	relationship	NOUN
ajfa-13651	64	27	with	with	ADP
ajfa-13651	64	28	the	the	DET
ajfa-13651	64	29	debt	debt	NOUN
ajfa-13651	64	30	ratio	ratio	NOUN
ajfa-13651	64	31	.	.	PUNCT
ajfa-13651	65	1	nizar	nizar	PROPN
ajfa-13651	65	2	al	al	PROPN
ajfa-13651	65	3	-	-	PUNCT
ajfa-13651	65	4	malkawi	malkawi	PROPN
ajfa-13651	65	5	(	(	PUNCT
ajfa-13651	65	6	2007	2007	NUM
ajfa-13651	65	7	)	)	PUNCT
ajfa-13651	65	8	used	use	VERB
ajfa-13651	65	9	tobit	tobit	NOUN
ajfa-13651	65	10	model	model	NOUN
ajfa-13651	65	11	to	to	PART
ajfa-13651	65	12	determine	determine	VERB
ajfa-13651	65	13	the	the	DET
ajfa-13651	65	14	factors	factor	NOUN
ajfa-13651	65	15	influencing	influence	VERB
ajfa-13651	65	16	dividend	dividend	NOUN
ajfa-13651	65	17	payout	payout	NOUN
ajfa-13651	65	18	ratio	ratio	NOUN
ajfa-13651	65	19	of	of	ADP
ajfa-13651	65	20	companies	company	NOUN
ajfa-13651	65	21	listed	list	VERB
ajfa-13651	65	22	on	on	ADP
ajfa-13651	65	23	the	the	DET
ajfa-13651	65	24	jordan	jordan	PROPN
ajfa-13651	65	25	stock	stock	PROPN
ajfa-13651	65	26	exchange	exchange	PROPN
ajfa-13651	65	27	in	in	ADP
ajfa-13651	65	28	the	the	DET
ajfa-13651	65	29	period	period	NOUN
ajfa-13651	65	30	of	of	ADP
ajfa-13651	65	31	1989	1989	NUM
ajfa-13651	65	32	-	-	SYM
ajfa-13651	65	33	2000	2000	NUM
ajfa-13651	65	34	.	.	PUNCT
ajfa-13651	66	1	research	research	NOUN
ajfa-13651	66	2	shows	show	VERB
ajfa-13651	66	3	that	that	SCONJ
ajfa-13651	66	4	the	the	DET
ajfa-13651	66	5	stock	stock	NOUN
ajfa-13651	66	6	ownership	ownership	NOUN
ajfa-13651	66	7	ratio	ratio	NOUN
ajfa-13651	66	8	between	between	ADP
ajfa-13651	66	9	people	people	NOUN
ajfa-13651	66	10	who	who	PRON
ajfa-13651	66	11	work	work	VERB
ajfa-13651	66	12	in	in	ADP
ajfa-13651	66	13	that	that	DET
ajfa-13651	66	14	company	company	NOUN
ajfa-13651	66	15	and	and	CCONJ
ajfa-13651	66	16	state	state	NOUN
ajfa-13651	66	17	ownership	ownership	NOUN
ajfa-13651	66	18	has	have	VERB
ajfa-13651	66	19	a	a	DET
ajfa-13651	66	20	great	great	ADJ
ajfa-13651	66	21	influence	influence	NOUN
ajfa-13651	66	22	on	on	ADP
ajfa-13651	66	23	corporate	corporate	ADJ
ajfa-13651	66	24	dividend	dividend	NOUN
ajfa-13651	66	25	policy	policy	NOUN
ajfa-13651	66	26	.	.	PUNCT
ajfa-13651	67	1	in	in	ADP
ajfa-13651	67	2	addition	addition	NOUN
ajfa-13651	67	3	,	,	PUNCT
ajfa-13651	67	4	firm	firm	ADJ
ajfa-13651	67	5	size	size	NOUN
ajfa-13651	67	6	,	,	PUNCT
ajfa-13651	67	7	the	the	DET
ajfa-13651	67	8	operating	operating	NOUN
ajfa-13651	67	9	time	time	NOUN
ajfa-13651	67	10	and	and	CCONJ
ajfa-13651	67	11	profit	profit	NOUN
ajfa-13651	67	12	of	of	ADP
ajfa-13651	67	13	the	the	DET
ajfa-13651	67	14	company	company	NOUN
ajfa-13651	67	15	are	be	AUX
ajfa-13651	67	16	also	also	ADV
ajfa-13651	67	17	factors	factor	NOUN
ajfa-13651	67	18	that	that	PRON
ajfa-13651	67	19	influence	influence	VERB
ajfa-13651	67	20	the	the	DET
ajfa-13651	67	21	dividends	dividend	NOUN
ajfa-13651	67	22	payout	payout	NOUN
ajfa-13651	67	23	ratio	ratio	NOUN
ajfa-13651	67	24	.	.	PUNCT
ajfa-13651	68	1	ahmed	ahmed	PROPN
ajfa-13651	68	2	&	&	CCONJ
ajfa-13651	68	3	javid	javid	PROPN
ajfa-13651	68	4	(	(	PUNCT
ajfa-13651	68	5	2008	2008	NUM
ajfa-13651	68	6	)	)	PUNCT
ajfa-13651	68	7	identified	identify	VERB
ajfa-13651	68	8	the	the	DET
ajfa-13651	68	9	factors	factor	NOUN
ajfa-13651	68	10	affecting	affect	VERB
ajfa-13651	68	11	the	the	DET
ajfa-13651	68	12	dividend	dividend	NOUN
ajfa-13651	68	13	payout	payout	NOUN
ajfa-13651	68	14	ratio	ratio	NOUN
ajfa-13651	68	15	of	of	ADP
ajfa-13651	68	16	320	320	NUM
ajfa-13651	68	17	non	non	ADJ
ajfa-13651	68	18	-	-	ADJ
ajfa-13651	68	19	financial	financial	ADJ
ajfa-13651	68	20	companies	company	NOUN
ajfa-13651	68	21	listed	list	VERB
ajfa-13651	68	22	on	on	ADP
ajfa-13651	68	23	the	the	DET
ajfa-13651	68	24	stock	stock	NOUN
ajfa-13651	68	25	exchange	exchange	NOUN
ajfa-13651	68	26	market	market	NOUN
ajfa-13651	68	27	in	in	ADP
ajfa-13651	68	28	pakistan	pakistan	PROPN
ajfa-13651	68	29	for	for	ADP
ajfa-13651	68	30	the	the	DET
ajfa-13651	68	31	period	period	NOUN
ajfa-13651	68	32	2001	2001	NUM
ajfa-13651	68	33	-	-	SYM
ajfa-13651	68	34	2006	2006	NUM
ajfa-13651	68	35	.	.	PUNCT
ajfa-13651	69	1	using	use	VERB
ajfa-13651	69	2	the	the	DET
ajfa-13651	69	3	lintner	lintner	NOUN
ajfa-13651	69	4	's	's	PART
ajfa-13651	69	5	model	model	NOUN
ajfa-13651	69	6	(	(	PUNCT
ajfa-13651	69	7	1956	1956	NUM
ajfa-13651	69	8	)	)	PUNCT
ajfa-13651	69	9	,	,	PUNCT
ajfa-13651	69	10	the	the	DET
ajfa-13651	69	11	authors	author	NOUN
ajfa-13651	69	12	point	point	VERB
ajfa-13651	69	13	out	out	ADP
ajfa-13651	69	14	that	that	PRON
ajfa-13651	69	15	dividend	dividend	NOUN
ajfa-13651	69	16	payout	payout	ADJ
ajfa-13651	69	17	ratio	ratio	NOUN
ajfa-13651	69	18	depends	depend	VERB
ajfa-13651	69	19	on	on	ADP
ajfa-13651	69	20	the	the	DET
ajfa-13651	69	21	current	current	ADJ
ajfa-13651	69	22	eps	eps	PROPN
ajfa-13651	69	23	and	and	CCONJ
ajfa-13651	69	24	dividend	dividend	NOUN
ajfa-13651	69	25	payout	payout	NOUN
ajfa-13651	69	26	ratio	ratio	NOUN
ajfa-13651	69	27	in	in	ADP
ajfa-13651	69	28	the	the	DET
ajfa-13651	69	29	past	past	NOUN
ajfa-13651	69	30	.	.	PUNCT
ajfa-13651	70	1	however	however	ADV
ajfa-13651	70	2	,	,	PUNCT
ajfa-13651	70	3	dividend	dividend	NOUN
ajfa-13651	70	4	payouts	payout	NOUN
ajfa-13651	70	5	ratio	ratio	NOUN
ajfa-13651	70	6	of	of	ADP
ajfa-13651	70	7	these	these	DET
ajfa-13651	70	8	companies	company	NOUN
ajfa-13651	70	9	are	be	AUX
ajfa-13651	70	10	more	more	ADV
ajfa-13651	70	11	sensitive	sensitive	ADJ
ajfa-13651	70	12	to	to	ADP
ajfa-13651	70	13	eps	eps	PROPN
ajfa-13651	70	14	than	than	ADP
ajfa-13651	70	15	dividend	dividend	NOUN
ajfa-13651	70	16	payouts	payout	NOUN
ajfa-13651	70	17	ratio	ratio	NOUN
ajfa-13651	70	18	in	in	ADP
ajfa-13651	70	19	the	the	DET
ajfa-13651	70	20	past	past	NOUN
ajfa-13651	70	21	.	.	PUNCT
ajfa-13651	71	1	in	in	ADP
ajfa-13651	71	2	addition	addition	NOUN
ajfa-13651	71	3	,	,	PUNCT
ajfa-13651	71	4	the	the	DET
ajfa-13651	71	5	results	result	NOUN
ajfa-13651	71	6	of	of	ADP
ajfa-13651	71	7	this	this	DET
ajfa-13651	71	8	study	study	NOUN
ajfa-13651	71	9	also	also	ADV
ajfa-13651	71	10	show	show	VERB
ajfa-13651	71	11	that	that	SCONJ
ajfa-13651	71	12	companies	company	NOUN
ajfa-13651	71	13	with	with	ADP
ajfa-13651	71	14	high	high	ADJ
ajfa-13651	71	15	profit	profit	NOUN
ajfa-13651	71	16	and	and	CCONJ
ajfa-13651	71	17	stable	stable	ADJ
ajfa-13651	71	18	eps	ep	NOUN
ajfa-13651	71	19	have	have	VERB
ajfa-13651	71	20	large	large	ADJ
ajfa-13651	71	21	free	free	ADJ
ajfa-13651	71	22	cash	cash	NOUN
ajfa-13651	71	23	flow	flow	NOUN
ajfa-13651	71	24	,	,	PUNCT
ajfa-13651	71	25	so	so	SCONJ
ajfa-13651	71	26	they	they	PRON
ajfa-13651	71	27	often	often	ADV
ajfa-13651	71	28	pay	pay	VERB
ajfa-13651	71	29	high	high	ADJ
ajfa-13651	71	30	dividends	dividend	NOUN
ajfa-13651	71	31	.	.	PUNCT
ajfa-13651	72	1	dividend	dividend	NOUN
ajfa-13651	72	2	payout	payout	ADJ
ajfa-13651	72	3	ratio	ratio	NOUN
ajfa-13651	72	4	is	be	AUX
ajfa-13651	72	5	positively	positively	ADV
ajfa-13651	72	6	correlated	correlate	VERB
ajfa-13651	72	7	with	with	ADP
ajfa-13651	72	8	the	the	DET
ajfa-13651	72	9	concentration	concentration	NOUN
ajfa-13651	72	10	of	of	ADP
ajfa-13651	72	11	ownership	ownership	NOUN
ajfa-13651	72	12	and	and	CCONJ
ajfa-13651	72	13	liquidity	liquidity	NOUN
ajfa-13651	72	14	of	of	ADP
ajfa-13651	72	15	the	the	DET
ajfa-13651	72	16	market	market	NOUN
ajfa-13651	72	17	but	but	CCONJ
ajfa-13651	72	18	it	it	PRON
ajfa-13651	72	19	is	be	AUX
ajfa-13651	72	20	negatively	negatively	ADV
ajfa-13651	72	21	correlated	correlate	VERB
ajfa-13651	72	22	with	with	ADP
ajfa-13651	72	23	the	the	DET
ajfa-13651	72	24	investment	investment	NOUN
ajfa-13651	72	25	opportunity	opportunity	NOUN
ajfa-13651	72	26	,	,	PUNCT
ajfa-13651	72	27	debt	debt	NOUN
ajfa-13651	72	28	ratio	ratio	NOUN
ajfa-13651	72	29	and	and	CCONJ
ajfa-13651	72	30	company	company	NOUN
ajfa-13651	72	31	size	size	NOUN
ajfa-13651	72	32	.	.	PUNCT
ajfa-13651	73	1	thanatawee	thanatawee	PROPN
ajfa-13651	73	2	(	(	PUNCT
ajfa-13651	73	3	2013	2013	NUM
ajfa-13651	73	4	)	)	PUNCT
ajfa-13651	73	5	researched	research	VERB
ajfa-13651	73	6	dividend	dividend	NOUN
ajfa-13651	73	7	policy	policy	NOUN
ajfa-13651	73	8	of	of	ADP
ajfa-13651	73	9	companies	company	NOUN
ajfa-13651	73	10	in	in	ADP
ajfa-13651	73	11	thailand	thailand	PROPN
ajfa-13651	73	12	.	.	PUNCT
ajfa-13651	74	1	the	the	DET
ajfa-13651	74	2	study	study	NOUN
ajfa-13651	74	3	used	use	VERB
ajfa-13651	74	4	data	datum	NOUN
ajfa-13651	74	5	from	from	ADP
ajfa-13651	74	6	287	287	NUM
ajfa-13651	74	7	firms	firm	NOUN
ajfa-13651	74	8	listed	list	VERB
ajfa-13651	74	9	on	on	ADP
ajfa-13651	74	10	the	the	DET
ajfa-13651	74	11	thailand	thailand	PROPN
ajfa-13651	74	12	stock	stock	PROPN
ajfa-13651	74	13	exchanges	exchange	NOUN
ajfa-13651	74	14	market	market	VERB
ajfa-13651	74	15	for	for	ADP
ajfa-13651	74	16	the	the	DET
ajfa-13651	74	17	period	period	NOUN
ajfa-13651	74	18	2002	2002	NUM
ajfa-13651	74	19	-	-	SYM
ajfa-13651	74	20	2008	2008	NUM
ajfa-13651	74	21	.	.	PUNCT
ajfa-13651	75	1	the	the	DET
ajfa-13651	75	2	study	study	NOUN
ajfa-13651	75	3	found	find	VERB
ajfa-13651	75	4	that	that	SCONJ
ajfa-13651	75	5	in	in	ADP
ajfa-13651	75	6	thailand	thailand	PROPN
ajfa-13651	75	7	,	,	PUNCT
ajfa-13651	75	8	the	the	DET
ajfa-13651	75	9	dividend	dividend	NOUN
ajfa-13651	75	10	payout	payout	NOUN
ajfa-13651	75	11	ratio	ratio	NOUN
ajfa-13651	75	12	depends	depend	VERB
ajfa-13651	75	13	on	on	ADP
ajfa-13651	75	14	roe	roe	NOUN
ajfa-13651	75	15	,	,	PUNCT
ajfa-13651	75	16	firm	firm	ADJ
ajfa-13651	75	17	size	size	NOUN
ajfa-13651	75	18	,	,	PUNCT
ajfa-13651	75	19	and	and	CCONJ
ajfa-13651	75	20	asset	asset	NOUN
ajfa-13651	75	21	growth	growth	NOUN
ajfa-13651	75	22	rate	rate	NOUN
ajfa-13651	75	23	and	and	CCONJ
ajfa-13651	75	24	financial	financial	ADJ
ajfa-13651	75	25	leverage	leverage	NOUN
ajfa-13651	75	26	.	.	PUNCT
ajfa-13651	76	1	he	he	PRON
ajfa-13651	76	2	concluded	conclude	VERB
ajfa-13651	76	3	that	that	SCONJ
ajfa-13651	76	4	companies	company	NOUN
ajfa-13651	76	5	often	often	ADV
ajfa-13651	76	6	use	use	VERB
ajfa-13651	76	7	bank	bank	NOUN
ajfa-13651	76	8	loans	loan	NOUN
ajfa-13651	76	9	to	to	PART
ajfa-13651	76	10	pay	pay	VERB
ajfa-13651	76	11	dividends	dividend	NOUN
ajfa-13651	76	12	to	to	ADP
ajfa-13651	76	13	shareholders	shareholder	NOUN
ajfa-13651	76	14	.	.	PUNCT
ajfa-13651	77	1	3.3	3.3	NUM
ajfa-13651	77	2	.	.	PUNCT
ajfa-13651	78	1	research	research	NOUN
ajfa-13651	78	2	in	in	ADP
ajfa-13651	78	3	vietnam	vietnam	PROPN
ajfa-13651	78	4	vo	vo	PROPN
ajfa-13651	78	5	(	(	PUNCT
ajfa-13651	78	6	2013	2013	NUM
ajfa-13651	78	7	)	)	PUNCT
ajfa-13651	78	8	conducted	conduct	VERB
ajfa-13651	78	9	a	a	DET
ajfa-13651	78	10	study	study	NOUN
ajfa-13651	78	11	examining	examine	VERB
ajfa-13651	78	12	the	the	DET
ajfa-13651	78	13	factors	factor	NOUN
ajfa-13651	78	14	influencing	influence	VERB
ajfa-13651	78	15	the	the	DET
ajfa-13651	78	16	cash	cash	NOUN
ajfa-13651	78	17	dividend	dividend	NOUN
ajfa-13651	78	18	payout	payout	NOUN
ajfa-13651	78	19	ratio	ratio	NOUN
ajfa-13651	78	20	with	with	ADP
ajfa-13651	78	21	the	the	DET
ajfa-13651	78	22	data	datum	NOUN
ajfa-13651	78	23	of	of	ADP
ajfa-13651	78	24	enterprises	enterprise	NOUN
ajfa-13651	78	25	on	on	ADP
ajfa-13651	78	26	ho	ho	PROPN
ajfa-13651	78	27	chi	chi	PROPN
ajfa-13651	78	28	minh	minh	PROPN
ajfa-13651	78	29	stock	stock	NOUN
ajfa-13651	78	30	exchange	exchange	NOUN
ajfa-13651	78	31	from	from	ADP
ajfa-13651	78	32	2009	2009	NUM
ajfa-13651	78	33	to	to	ADP
ajfa-13651	78	34	2012	2012	NUM
ajfa-13651	78	35	.	.	PUNCT
ajfa-13651	79	1	research	research	NOUN
ajfa-13651	79	2	shows	show	VERB
ajfa-13651	79	3	that	that	SCONJ
ajfa-13651	79	4	factors	factor	NOUN
ajfa-13651	79	5	such	such	ADJ
ajfa-13651	79	6	as	as	ADP
ajfa-13651	79	7	debt	debt	NOUN
ajfa-13651	79	8	ratio	ratio	NOUN
ajfa-13651	79	9	,	,	PUNCT
ajfa-13651	79	10	firm	firm	ADJ
ajfa-13651	79	11	size	size	NOUN
ajfa-13651	79	12	,	,	PUNCT
ajfa-13651	79	13	tangible	tangible	ADJ
ajfa-13651	79	14	fixed	fix	VERB
ajfa-13651	79	15	assets	asset	NOUN
ajfa-13651	79	16	,	,	PUNCT
ajfa-13651	79	17	growth	growth	NOUN
ajfa-13651	79	18	rate	rate	NOUN
ajfa-13651	79	19	and	and	CCONJ
ajfa-13651	79	20	business	business	NOUN
ajfa-13651	79	21	risk	risk	NOUN
ajfa-13651	79	22	which	which	PRON
ajfa-13651	79	23	have	have	VERB
ajfa-13651	79	24	a	a	DET
ajfa-13651	79	25	statistically	statistically	ADV
ajfa-13651	79	26	significant	significant	ADJ
ajfa-13651	79	27	impact	impact	NOUN
ajfa-13651	79	28	on	on	ADP
ajfa-13651	79	29	cash	cash	NOUN
ajfa-13651	79	30	dividend	dividend	NOUN
ajfa-13651	79	31	payout	payout	NOUN
ajfa-13651	79	32	ratio	ratio	NOUN
ajfa-13651	79	33	of	of	ADP
ajfa-13651	79	34	companies	company	NOUN
ajfa-13651	79	35	.	.	PUNCT
ajfa-13651	80	1	in	in	ADP
ajfa-13651	80	2	addition	addition	NOUN
ajfa-13651	80	3	,	,	PUNCT
ajfa-13651	80	4	the	the	DET
ajfa-13651	80	5	author	author	NOUN
ajfa-13651	80	6	indicates	indicate	VERB
ajfa-13651	80	7	that	that	SCONJ
ajfa-13651	80	8	profitability	profitability	NOUN
ajfa-13651	80	9	and	and	CCONJ
ajfa-13651	80	10	liquidity	liquidity	NOUN
ajfa-13651	80	11	do	do	AUX
ajfa-13651	80	12	not	not	PART
ajfa-13651	80	13	affect	affect	VERB
ajfa-13651	80	14	the	the	DET
ajfa-13651	80	15	company	company	NOUN
ajfa-13651	80	16	's	's	PART
ajfa-13651	80	17	cash	cash	NOUN
ajfa-13651	80	18	dividend	dividend	NOUN
ajfa-13651	80	19	payout	payout	NOUN
ajfa-13651	80	20	ratio	ratio	NOUN
ajfa-13651	80	21	.	.	PUNCT
ajfa-13651	81	1	asian	asian	ADJ
ajfa-13651	81	2	journal	journal	PROPN
ajfa-13651	81	3	of	of	ADP
ajfa-13651	81	4	finance	finance	PROPN
ajfa-13651	81	5	&	&	CCONJ
ajfa-13651	81	6	accounting	accounting	PROPN
ajfa-13651	81	7	issn	issn	PROPN
ajfa-13651	81	8	1946	1946	NUM
ajfa-13651	81	9	-	-	PUNCT
ajfa-13651	81	10	052x	052x	NOUN
ajfa-13651	81	11	2018	2018	NUM
ajfa-13651	81	12	,	,	PUNCT
ajfa-13651	81	13	vol	vol	NOUN
ajfa-13651	81	14	.	.	PROPN
ajfa-13651	82	1	10	10	NUM
ajfa-13651	82	2	,	,	PUNCT
ajfa-13651	82	3	no	no	INTJ
ajfa-13651	82	4	.	.	NOUN
ajfa-13651	82	5	2	2	NUM
ajfa-13651	82	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	82	7	20	20	NUM
ajfa-13651	82	8	t.	t.	NOUN
ajfa-13651	82	9	m.	m.	NOUN
ajfa-13651	82	10	h.	h.	PROPN
ajfa-13651	82	11	nguyen	nguyen	PROPN
ajfa-13651	82	12	et	et	PROPN
ajfa-13651	82	13	al	al	PROPN
ajfa-13651	82	14	.	.	PROPN
ajfa-13651	82	15	,	,	PUNCT
ajfa-13651	82	16	(	(	PUNCT
ajfa-13651	82	17	2014	2014	NUM
ajfa-13651	82	18	)	)	PUNCT
ajfa-13651	82	19	clarified	clarify	VERB
ajfa-13651	82	20	the	the	DET
ajfa-13651	82	21	theories	theory	NOUN
ajfa-13651	82	22	of	of	ADP
ajfa-13651	82	23	factors	factor	NOUN
ajfa-13651	82	24	influencing	influence	VERB
ajfa-13651	82	25	the	the	DET
ajfa-13651	82	26	dividend	dividend	NOUN
ajfa-13651	82	27	policy	policy	NOUN
ajfa-13651	82	28	and	and	CCONJ
ajfa-13651	82	29	determines	determine	VERB
ajfa-13651	82	30	the	the	DET
ajfa-13651	82	31	effect	effect	NOUN
ajfa-13651	82	32	of	of	ADP
ajfa-13651	82	33	these	these	DET
ajfa-13651	82	34	factors	factor	NOUN
ajfa-13651	82	35	on	on	ADP
ajfa-13651	82	36	the	the	DET
ajfa-13651	82	37	dividend	dividend	NOUN
ajfa-13651	82	38	payment	payment	NOUN
ajfa-13651	82	39	decision	decision	NOUN
ajfa-13651	82	40	.	.	PUNCT
ajfa-13651	83	1	using	use	VERB
ajfa-13651	83	2	the	the	DET
ajfa-13651	83	3	multivariate	multivariate	NOUN
ajfa-13651	83	4	regression	regression	NOUN
ajfa-13651	83	5	model	model	NOUN
ajfa-13651	83	6	with	with	ADP
ajfa-13651	83	7	the	the	DET
ajfa-13651	83	8	data	datum	NOUN
ajfa-13651	83	9	of	of	ADP
ajfa-13651	83	10	75	75	NUM
ajfa-13651	83	11	companies	company	NOUN
ajfa-13651	83	12	listed	list	VERB
ajfa-13651	83	13	in	in	ADP
ajfa-13651	83	14	vietnam	vietnam	PROPN
ajfa-13651	83	15	stock	stock	NOUN
ajfa-13651	83	16	market	market	NOUN
ajfa-13651	83	17	for	for	ADP
ajfa-13651	83	18	the	the	DET
ajfa-13651	83	19	six	six	NUM
ajfa-13651	83	20	years	year	NOUN
ajfa-13651	83	21	’	'	PUNCT
ajfa-13651	83	22	period	period	NOUN
ajfa-13651	83	23	from	from	ADP
ajfa-13651	83	24	2007	2007	NUM
ajfa-13651	83	25	to	to	ADP
ajfa-13651	83	26	2012	2012	NUM
ajfa-13651	83	27	,	,	PUNCT
ajfa-13651	83	28	this	this	DET
ajfa-13651	83	29	study	study	NOUN
ajfa-13651	83	30	shows	show	VERB
ajfa-13651	83	31	that	that	SCONJ
ajfa-13651	83	32	profitability	profitability	NOUN
ajfa-13651	83	33	,	,	PUNCT
ajfa-13651	83	34	firm	firm	ADJ
ajfa-13651	83	35	size	size	NOUN
ajfa-13651	83	36	has	have	VERB
ajfa-13651	83	37	a	a	DET
ajfa-13651	83	38	significant	significant	ADJ
ajfa-13651	83	39	impact	impact	NOUN
ajfa-13651	83	40	on	on	ADP
ajfa-13651	83	41	dividend	dividend	NOUN
ajfa-13651	83	42	payout	payout	NOUN
ajfa-13651	83	43	ratio	ratio	NOUN
ajfa-13651	83	44	while	while	SCONJ
ajfa-13651	83	45	the	the	DET
ajfa-13651	83	46	growth	growth	NOUN
ajfa-13651	83	47	rate	rate	NOUN
ajfa-13651	83	48	and	and	CCONJ
ajfa-13651	83	49	financial	financial	ADJ
ajfa-13651	83	50	leverage	leverage	NOUN
ajfa-13651	83	51	have	have	VERB
ajfa-13651	83	52	a	a	DET
ajfa-13651	83	53	negligible	negligible	ADJ
ajfa-13651	83	54	impact	impact	NOUN
ajfa-13651	83	55	.	.	PUNCT
ajfa-13651	84	1	t.n.t	t.n.t	PROPN
ajfa-13651	84	2	.	.	PUNCT
ajfa-13651	84	3	nguyen	nguyen	PROPN
ajfa-13651	84	4	&	&	CCONJ
ajfa-13651	84	5	bui	bui	PROPN
ajfa-13651	84	6	(	(	PUNCT
ajfa-13651	84	7	2018	2018	NUM
ajfa-13651	84	8	)	)	PUNCT
ajfa-13651	84	9	examined	examine	VERB
ajfa-13651	84	10	the	the	DET
ajfa-13651	84	11	determinants	determinant	NOUN
ajfa-13651	84	12	of	of	ADP
ajfa-13651	84	13	the	the	DET
ajfa-13651	84	14	dividend	dividend	NOUN
ajfa-13651	84	15	policy	policy	NOUN
ajfa-13651	84	16	of	of	ADP
ajfa-13651	84	17	non	non	ADJ
ajfa-13651	84	18	-	-	ADJ
ajfa-13651	84	19	financial	financial	ADJ
ajfa-13651	84	20	companies	company	NOUN
ajfa-13651	84	21	listed	list	VERB
ajfa-13651	84	22	on	on	ADP
ajfa-13651	84	23	the	the	DET
ajfa-13651	84	24	vietnam	vietnam	PROPN
ajfa-13651	84	25	stock	stock	NOUN
ajfa-13651	84	26	market	market	NOUN
ajfa-13651	84	27	for	for	ADP
ajfa-13651	84	28	the	the	DET
ajfa-13651	84	29	period	period	NOUN
ajfa-13651	84	30	2008	2008	NUM
ajfa-13651	84	31	-	-	SYM
ajfa-13651	84	32	2015	2015	NUM
ajfa-13651	84	33	with	with	ADP
ajfa-13651	84	34	the	the	DET
ajfa-13651	84	35	binary	binary	ADJ
ajfa-13651	84	36	dependent	dependent	ADJ
ajfa-13651	84	37	variable	variable	NOUN
ajfa-13651	84	38	.	.	PUNCT
ajfa-13651	85	1	this	this	DET
ajfa-13651	85	2	research	research	NOUN
ajfa-13651	85	3	shows	show	VERB
ajfa-13651	85	4	that	that	SCONJ
ajfa-13651	85	5	profitability	profitability	NOUN
ajfa-13651	85	6	,	,	PUNCT
ajfa-13651	85	7	the	the	DET
ajfa-13651	85	8	level	level	NOUN
ajfa-13651	85	9	of	of	ADP
ajfa-13651	85	10	money	money	NOUN
ajfa-13651	85	11	holdings	holding	NOUN
ajfa-13651	85	12	,	,	PUNCT
ajfa-13651	85	13	the	the	DET
ajfa-13651	85	14	liquidity	liquidity	NOUN
ajfa-13651	85	15	of	of	ADP
ajfa-13651	85	16	stocks	stock	NOUN
ajfa-13651	85	17	and	and	CCONJ
ajfa-13651	85	18	the	the	DET
ajfa-13651	85	19	life	life	NOUN
ajfa-13651	85	20	cycle	cycle	NOUN
ajfa-13651	85	21	of	of	ADP
ajfa-13651	85	22	companies	company	NOUN
ajfa-13651	85	23	play	play	VERB
ajfa-13651	85	24	an	an	DET
ajfa-13651	85	25	important	important	ADJ
ajfa-13651	85	26	role	role	NOUN
ajfa-13651	85	27	in	in	ADP
ajfa-13651	85	28	dividends	dividend	NOUN
ajfa-13651	85	29	policy	policy	NOUN
ajfa-13651	85	30	.	.	PUNCT
ajfa-13651	86	1	in	in	ADP
ajfa-13651	86	2	addition	addition	NOUN
ajfa-13651	86	3	,	,	PUNCT
ajfa-13651	86	4	growth	growth	NOUN
ajfa-13651	86	5	opportunities	opportunity	NOUN
ajfa-13651	86	6	and	and	CCONJ
ajfa-13651	86	7	financial	financial	ADJ
ajfa-13651	86	8	leverage	leverage	NOUN
ajfa-13651	86	9	also	also	ADV
ajfa-13651	86	10	have	have	VERB
ajfa-13651	86	11	an	an	DET
ajfa-13651	86	12	effect	effect	NOUN
ajfa-13651	86	13	on	on	ADP
ajfa-13651	86	14	dividend	dividend	NOUN
ajfa-13651	86	15	payments	payment	NOUN
ajfa-13651	86	16	decision	decision	NOUN
ajfa-13651	86	17	.	.	PUNCT
ajfa-13651	87	1	meanwhile	meanwhile	ADV
ajfa-13651	87	2	,	,	PUNCT
ajfa-13651	87	3	the	the	DET
ajfa-13651	87	4	other	other	ADJ
ajfa-13651	87	5	two	two	NUM
ajfa-13651	87	6	factors	factor	NOUN
ajfa-13651	87	7	namely	namely	ADV
ajfa-13651	87	8	the	the	DET
ajfa-13651	87	9	firm	firm	ADJ
ajfa-13651	87	10	size	size	NOUN
ajfa-13651	87	11	and	and	CCONJ
ajfa-13651	87	12	the	the	DET
ajfa-13651	87	13	risk	risk	NOUN
ajfa-13651	87	14	does	do	AUX
ajfa-13651	87	15	not	not	PART
ajfa-13651	87	16	affect	affect	VERB
ajfa-13651	87	17	the	the	DET
ajfa-13651	87	18	decision	decision	NOUN
ajfa-13651	87	19	.	.	PUNCT
ajfa-13651	88	1	with	with	ADP
ajfa-13651	88	2	these	these	DET
ajfa-13651	88	3	contradictory	contradictory	ADJ
ajfa-13651	88	4	research	research	NOUN
ajfa-13651	88	5	results	result	NOUN
ajfa-13651	88	6	,	,	PUNCT
ajfa-13651	88	7	it	it	PRON
ajfa-13651	88	8	is	be	AUX
ajfa-13651	88	9	needed	need	VERB
ajfa-13651	88	10	to	to	PART
ajfa-13651	88	11	have	have	VERB
ajfa-13651	88	12	an	an	DET
ajfa-13651	88	13	explicitly	explicitly	ADV
ajfa-13651	88	14	research	research	NOUN
ajfa-13651	88	15	based	base	VERB
ajfa-13651	88	16	on	on	ADP
ajfa-13651	88	17	empirical	empirical	ADJ
ajfa-13651	88	18	results	result	NOUN
ajfa-13651	88	19	.	.	PUNCT
ajfa-13651	89	1	in	in	ADP
ajfa-13651	89	2	vietnam	vietnam	PROPN
ajfa-13651	89	3	,	,	PUNCT
ajfa-13651	89	4	although	although	SCONJ
ajfa-13651	89	5	there	there	PRON
ajfa-13651	89	6	have	have	AUX
ajfa-13651	89	7	been	be	AUX
ajfa-13651	89	8	a	a	DET
ajfa-13651	89	9	number	number	NOUN
ajfa-13651	89	10	of	of	ADP
ajfa-13651	89	11	studies	study	NOUN
ajfa-13651	89	12	on	on	ADP
ajfa-13651	89	13	dividend	dividend	NOUN
ajfa-13651	89	14	policy	policy	NOUN
ajfa-13651	89	15	of	of	ADP
ajfa-13651	89	16	listed	list	VERB
ajfa-13651	89	17	companies	company	NOUN
ajfa-13651	89	18	in	in	ADP
ajfa-13651	89	19	stock	stock	NOUN
ajfa-13651	89	20	market	market	NOUN
ajfa-13651	89	21	,	,	PUNCT
ajfa-13651	89	22	these	these	DET
ajfa-13651	89	23	research	research	NOUN
ajfa-13651	89	24	has	have	AUX
ajfa-13651	89	25	only	only	ADV
ajfa-13651	89	26	provided	provide	VERB
ajfa-13651	89	27	dividend	dividend	NOUN
ajfa-13651	89	28	policy	policy	NOUN
ajfa-13651	89	29	analyzes	analyze	NOUN
ajfa-13651	89	30	and	and	CCONJ
ajfa-13651	89	31	factors	factor	NOUN
ajfa-13651	89	32	affecting	affect	VERB
ajfa-13651	89	33	dividend	dividend	NOUN
ajfa-13651	89	34	policy	policy	NOUN
ajfa-13651	89	35	.	.	PUNCT
ajfa-13651	90	1	this	this	DET
ajfa-13651	90	2	study	study	NOUN
ajfa-13651	90	3	,	,	PUNCT
ajfa-13651	90	4	on	on	ADP
ajfa-13651	90	5	the	the	DET
ajfa-13651	90	6	one	one	NUM
ajfa-13651	90	7	hand	hand	NOUN
ajfa-13651	90	8	,	,	PUNCT
ajfa-13651	90	9	provides	provide	VERB
ajfa-13651	90	10	a	a	DET
ajfa-13651	90	11	more	more	ADV
ajfa-13651	90	12	accurate	accurate	ADJ
ajfa-13651	90	13	assessment	assessment	NOUN
ajfa-13651	90	14	of	of	ADP
ajfa-13651	90	15	the	the	DET
ajfa-13651	90	16	factors	factor	NOUN
ajfa-13651	90	17	that	that	PRON
ajfa-13651	90	18	influence	influence	VERB
ajfa-13651	90	19	the	the	DET
ajfa-13651	90	20	dividend	dividend	NOUN
ajfa-13651	90	21	policy	policy	NOUN
ajfa-13651	90	22	of	of	ADP
ajfa-13651	90	23	listed	list	VERB
ajfa-13651	90	24	companies	company	NOUN
ajfa-13651	90	25	in	in	ADP
ajfa-13651	90	26	stock	stock	NOUN
ajfa-13651	90	27	market	market	NOUN
ajfa-13651	90	28	over	over	ADP
ajfa-13651	90	29	a	a	DET
ajfa-13651	90	30	long	long	ADJ
ajfa-13651	90	31	period	period	NOUN
ajfa-13651	90	32	of	of	ADP
ajfa-13651	90	33	time	time	NOUN
ajfa-13651	90	34	with	with	ADP
ajfa-13651	90	35	the	the	DET
ajfa-13651	90	36	dependent	dependent	ADJ
ajfa-13651	90	37	variable	variable	NOUN
ajfa-13651	90	38	measured	measure	VERB
ajfa-13651	90	39	(	(	PUNCT
ajfa-13651	90	40	dividend	dividend	NOUN
ajfa-13651	90	41	payout	payout	NOUN
ajfa-13651	90	42	ratio	ratio	NOUN
ajfa-13651	90	43	dividend	dividend	NOUN
ajfa-13651	90	44	per	per	ADP
ajfa-13651	90	45	share	share	NOUN
ajfa-13651	90	46	ratio	ratio	NOUN
ajfa-13651	90	47	)	)	PUNCT
ajfa-13651	90	48	.	.	PUNCT
ajfa-13651	91	1	finally	finally	ADV
ajfa-13651	91	2	,	,	PUNCT
ajfa-13651	91	3	this	this	DET
ajfa-13651	91	4	study	study	NOUN
ajfa-13651	91	5	will	will	AUX
ajfa-13651	91	6	be	be	AUX
ajfa-13651	91	7	based	base	VERB
ajfa-13651	91	8	on	on	ADP
ajfa-13651	91	9	those	those	DET
ajfa-13651	91	10	assessments	assessment	NOUN
ajfa-13651	91	11	to	to	PART
ajfa-13651	91	12	suggest	suggest	VERB
ajfa-13651	91	13	vietnamese	vietnamese	ADJ
ajfa-13651	91	14	companies	company	NOUN
ajfa-13651	91	15	to	to	PART
ajfa-13651	91	16	adopt	adopt	VERB
ajfa-13651	91	17	appropriate	appropriate	ADJ
ajfa-13651	91	18	dividend	dividend	NOUN
ajfa-13651	91	19	policy	policy	NOUN
ajfa-13651	91	20	.	.	PUNCT
ajfa-13651	92	1	4	4	X
ajfa-13651	92	2	.	.	NUM
ajfa-13651	92	3	models	model	NOUN
ajfa-13651	92	4	and	and	CCONJ
ajfa-13651	92	5	research	research	NOUN
ajfa-13651	92	6	methods	method	NOUN
ajfa-13651	92	7	studying	study	VERB
ajfa-13651	92	8	dividend	dividend	NOUN
ajfa-13651	92	9	policy	policy	NOUN
ajfa-13651	92	10	in	in	ADP
ajfa-13651	92	11	developing	develop	VERB
ajfa-13651	92	12	and	and	CCONJ
ajfa-13651	92	13	emerging	emerge	VERB
ajfa-13651	92	14	markets	market	NOUN
ajfa-13651	92	15	shows	show	VERB
ajfa-13651	92	16	that	that	SCONJ
ajfa-13651	92	17	dividend	dividend	NOUN
ajfa-13651	92	18	policy	policy	NOUN
ajfa-13651	92	19	in	in	ADP
ajfa-13651	92	20	emerging	emerge	VERB
ajfa-13651	92	21	market	market	NOUN
ajfa-13651	92	22	companies	company	NOUN
ajfa-13651	92	23	is	be	AUX
ajfa-13651	92	24	similar	similar	ADJ
ajfa-13651	92	25	to	to	ADP
ajfa-13651	92	26	that	that	PRON
ajfa-13651	92	27	of	of	ADP
ajfa-13651	92	28	us	us	PROPN
ajfa-13651	92	29	companies	company	NOUN
ajfa-13651	92	30	.	.	PUNCT
ajfa-13651	93	1	dividends	dividend	NOUN
ajfa-13651	93	2	are	be	AUX
ajfa-13651	93	3	affected	affect	VERB
ajfa-13651	93	4	by	by	ADP
ajfa-13651	93	5	profitability	profitability	NOUN
ajfa-13651	93	6	,	,	PUNCT
ajfa-13651	93	7	debt	debt	NOUN
ajfa-13651	93	8	ratio	ratio	NOUN
ajfa-13651	93	9	,	,	PUNCT
ajfa-13651	93	10	market	market	NOUN
ajfa-13651	93	11	-	-	PUNCT
ajfa-13651	93	12	to	to	ADP
ajfa-13651	93	13	-	-	PUNCT
ajfa-13651	93	14	book	book	NOUN
ajfa-13651	93	15	ratio	ratio	NOUN
ajfa-13651	93	16	(	(	PUNCT
ajfa-13651	93	17	aivazian	aivazian	ADJ
ajfa-13651	93	18	,	,	PUNCT
ajfa-13651	93	19	booth	booth	NOUN
ajfa-13651	93	20	,	,	PUNCT
ajfa-13651	93	21	&	&	CCONJ
ajfa-13651	93	22	cleary	cleary	PROPN
ajfa-13651	93	23	,	,	PUNCT
ajfa-13651	93	24	2003	2003	NUM
ajfa-13651	93	25	)	)	PUNCT
ajfa-13651	93	26	.	.	PUNCT
ajfa-13651	94	1	examining	examine	VERB
ajfa-13651	94	2	the	the	DET
ajfa-13651	94	3	influencing	influence	VERB
ajfa-13651	94	4	factors	factor	NOUN
ajfa-13651	94	5	including	include	VERB
ajfa-13651	94	6	the	the	DET
ajfa-13651	94	7	effectiveness	effectiveness	NOUN
ajfa-13651	94	8	of	of	ADP
ajfa-13651	94	9	business	business	NOUN
ajfa-13651	94	10	administration	administration	NOUN
ajfa-13651	94	11	,	,	PUNCT
ajfa-13651	94	12	firm	firm	ADJ
ajfa-13651	94	13	size	size	NOUN
ajfa-13651	94	14	,	,	PUNCT
ajfa-13651	94	15	total	total	ADJ
ajfa-13651	94	16	assets	asset	NOUN
ajfa-13651	94	17	growth	growth	NOUN
ajfa-13651	94	18	rate	rate	NOUN
ajfa-13651	94	19	,	,	PUNCT
ajfa-13651	94	20	profitability	profitability	NOUN
ajfa-13651	94	21	shows	show	VERB
ajfa-13651	94	22	that	that	SCONJ
ajfa-13651	94	23	the	the	DET
ajfa-13651	94	24	higher	high	ADJ
ajfa-13651	94	25	effectiveness	effectiveness	NOUN
ajfa-13651	94	26	of	of	ADP
ajfa-13651	94	27	business	business	NOUN
ajfa-13651	94	28	administration	administration	PROPN
ajfa-13651	94	29	a	a	DET
ajfa-13651	94	30	company	company	NOUN
ajfa-13651	94	31	have	have	VERB
ajfa-13651	94	32	,	,	PUNCT
ajfa-13651	94	33	the	the	PRON
ajfa-13651	94	34	higher	high	ADJ
ajfa-13651	94	35	the	the	DET
ajfa-13651	94	36	dividend	dividend	NOUN
ajfa-13651	94	37	will	will	AUX
ajfa-13651	94	38	be	be	AUX
ajfa-13651	94	39	.	.	PUNCT
ajfa-13651	95	1	in	in	ADP
ajfa-13651	95	2	addition	addition	NOUN
ajfa-13651	95	3	,	,	PUNCT
ajfa-13651	95	4	the	the	DET
ajfa-13651	95	5	growth	growth	NOUN
ajfa-13651	95	6	rate	rate	VERB
ajfa-13651	95	7	negative	negative	ADJ
ajfa-13651	95	8	relationship	relationship	NOUN
ajfa-13651	95	9	with	with	ADP
ajfa-13651	95	10	the	the	DET
ajfa-13651	95	11	dividend	dividend	NOUN
ajfa-13651	95	12	payout	payout	NOUN
ajfa-13651	95	13	ratio	ratio	NOUN
ajfa-13651	95	14	.	.	PUNCT
ajfa-13651	96	1	profitability	profitability	NOUN
ajfa-13651	96	2	:	:	PUNCT
ajfa-13651	96	3	this	this	DET
ajfa-13651	96	4	factor	factor	NOUN
ajfa-13651	96	5	directly	directly	ADV
ajfa-13651	96	6	affects	affect	VERB
ajfa-13651	96	7	the	the	DET
ajfa-13651	96	8	company	company	NOUN
ajfa-13651	96	9	's	's	PART
ajfa-13651	96	10	dividends	dividend	NOUN
ajfa-13651	96	11	payment	payment	NOUN
ajfa-13651	96	12	ability	ability	NOUN
ajfa-13651	96	13	(	(	PUNCT
ajfa-13651	96	14	lintner	lintner	NOUN
ajfa-13651	96	15	,	,	PUNCT
ajfa-13651	96	16	1956	1956	NUM
ajfa-13651	96	17	)	)	PUNCT
ajfa-13651	96	18	.	.	PUNCT
ajfa-13651	97	1	companies	company	NOUN
ajfa-13651	97	2	paying	pay	VERB
ajfa-13651	97	3	high	high	ADJ
ajfa-13651	97	4	dividend	dividend	NOUN
ajfa-13651	97	5	have	have	VERB
ajfa-13651	97	6	high	high	ADJ
ajfa-13651	97	7	profit	profit	NOUN
ajfa-13651	97	8	(	(	PUNCT
ajfa-13651	97	9	baker	baker	PROPN
ajfa-13651	97	10	&	&	CCONJ
ajfa-13651	97	11	powell	powell	PROPN
ajfa-13651	97	12	,	,	PUNCT
ajfa-13651	97	13	2000	2000	NUM
ajfa-13651	97	14	and	and	CCONJ
ajfa-13651	97	15	nizar	nizar	PROPN
ajfa-13651	97	16	al	al	PROPN
ajfa-13651	97	17	-	-	PUNCT
ajfa-13651	97	18	malkawi	malkawi	PROPN
ajfa-13651	97	19	,	,	PUNCT
ajfa-13651	97	20	2007	2007	NUM
ajfa-13651	97	21	)	)	PUNCT
ajfa-13651	97	22	.	.	PUNCT
ajfa-13651	98	1	in	in	ADP
ajfa-13651	98	2	vietnam	vietnam	PROPN
ajfa-13651	98	3	,	,	PUNCT
ajfa-13651	98	4	some	some	DET
ajfa-13651	98	5	studies	study	NOUN
ajfa-13651	98	6	show	show	VERB
ajfa-13651	98	7	that	that	SCONJ
ajfa-13651	98	8	return	return	NOUN
ajfa-13651	98	9	on	on	ADP
ajfa-13651	98	10	total	total	ADJ
ajfa-13651	98	11	assets	asset	NOUN
ajfa-13651	98	12	(	(	PUNCT
ajfa-13651	98	13	roa	roa	NOUN
ajfa-13651	98	14	)	)	PUNCT
ajfa-13651	98	15	are	be	AUX
ajfa-13651	98	16	positively	positively	ADV
ajfa-13651	98	17	affect	affect	ADJ
ajfa-13651	98	18	to	to	ADP
ajfa-13651	98	19	the	the	DET
ajfa-13651	98	20	company	company	NOUN
ajfa-13651	98	21	’s	’s	PART
ajfa-13651	98	22	dividend	dividend	NOUN
ajfa-13651	98	23	policy	policy	NOUN
ajfa-13651	98	24	(	(	PUNCT
ajfa-13651	98	25	dinh	dinh	NOUN
ajfa-13651	98	26	&	&	CCONJ
ajfa-13651	98	27	nguyen	nguyen	PROPN
ajfa-13651	98	28	,	,	PUNCT
ajfa-13651	98	29	2014	2014	NUM
ajfa-13651	98	30	)	)	PUNCT
ajfa-13651	98	31	.	.	PUNCT
ajfa-13651	99	1	earning	earn	VERB
ajfa-13651	99	2	per	per	ADP
ajfa-13651	99	3	share	share	NOUN
ajfa-13651	99	4	(	(	PUNCT
ajfa-13651	99	5	eps	eps	PROPN
ajfa-13651	99	6	)	)	PUNCT
ajfa-13651	99	7	is	be	AUX
ajfa-13651	99	8	one	one	NUM
ajfa-13651	99	9	of	of	ADP
ajfa-13651	99	10	the	the	DET
ajfa-13651	99	11	factors	factor	NOUN
ajfa-13651	99	12	that	that	PRON
ajfa-13651	99	13	have	have	VERB
ajfa-13651	99	14	a	a	DET
ajfa-13651	99	15	positive	positive	ADJ
ajfa-13651	99	16	influence	influence	NOUN
ajfa-13651	99	17	on	on	ADP
ajfa-13651	99	18	the	the	DET
ajfa-13651	99	19	dividend	dividend	NOUN
ajfa-13651	99	20	decision	decision	NOUN
ajfa-13651	99	21	(	(	PUNCT
ajfa-13651	99	22	t.m.h	t.m.h	ADJ
ajfa-13651	99	23	.	.	PUNCT
ajfa-13651	100	1	nguyen	nguyen	PROPN
ajfa-13651	100	2	et	et	PROPN
ajfa-13651	100	3	al	al	PROPN
ajfa-13651	100	4	.	.	PROPN
ajfa-13651	100	5	,	,	PUNCT
ajfa-13651	100	6	2014	2014	NUM
ajfa-13651	100	7	)	)	PUNCT
ajfa-13651	100	8	.	.	PUNCT
ajfa-13651	101	1	research	research	NOUN
ajfa-13651	101	2	hypothesis	hypothesis	NOUN
ajfa-13651	101	3	is	be	AUX
ajfa-13651	101	4	developed	develop	VERB
ajfa-13651	101	5	:	:	PUNCT
ajfa-13651	101	6	h1	h1	NOUN
ajfa-13651	101	7	:	:	PUNCT
ajfa-13651	101	8	profitability	profitability	NOUN
ajfa-13651	101	9	is	be	AUX
ajfa-13651	101	10	positively	positively	ADV
ajfa-13651	101	11	correlated	correlate	VERB
ajfa-13651	101	12	with	with	ADP
ajfa-13651	101	13	dividend	dividend	NOUN
ajfa-13651	101	14	policy	policy	NOUN
ajfa-13651	101	15	.	.	PUNCT
ajfa-13651	102	1	firm	firm	ADJ
ajfa-13651	102	2	size	size	NOUN
ajfa-13651	102	3	:	:	PUNCT
ajfa-13651	102	4	large	large	ADJ
ajfa-13651	102	5	companies	company	NOUN
ajfa-13651	102	6	have	have	VERB
ajfa-13651	102	7	an	an	DET
ajfa-13651	102	8	easy	easy	ADJ
ajfa-13651	102	9	access	access	NOUN
ajfa-13651	102	10	to	to	ADP
ajfa-13651	102	11	capital	capital	NOUN
ajfa-13651	102	12	market	market	NOUN
ajfa-13651	102	13	and	and	CCONJ
ajfa-13651	102	14	a	a	DET
ajfa-13651	102	15	low	low	ADJ
ajfa-13651	102	16	cost	cost	NOUN
ajfa-13651	102	17	capital	capital	NOUN
ajfa-13651	102	18	mobilization	mobilization	NOUN
ajfa-13651	102	19	because	because	SCONJ
ajfa-13651	102	20	credit	credit	NOUN
ajfa-13651	102	21	institutions	institution	NOUN
ajfa-13651	102	22	believe	believe	VERB
ajfa-13651	102	23	their	their	PRON
ajfa-13651	102	24	repayment	repayment	NOUN
ajfa-13651	102	25	capabilities	capability	NOUN
ajfa-13651	102	26	,	,	PUNCT
ajfa-13651	102	27	so	so	SCONJ
ajfa-13651	102	28	it	it	PRON
ajfa-13651	102	29	is	be	AUX
ajfa-13651	102	30	not	not	PART
ajfa-13651	102	31	necessary	necessary	ADJ
ajfa-13651	102	32	to	to	PART
ajfa-13651	102	33	use	use	VERB
ajfa-13651	102	34	internal	internal	ADJ
ajfa-13651	102	35	funds	fund	NOUN
ajfa-13651	102	36	.	.	PUNCT
ajfa-13651	103	1	thus	thus	ADV
ajfa-13651	103	2	,	,	PUNCT
ajfa-13651	103	3	firm	firm	ADJ
ajfa-13651	103	4	size	size	NOUN
ajfa-13651	103	5	has	have	VERB
ajfa-13651	103	6	an	an	DET
ajfa-13651	103	7	inversely	inversely	ADJ
ajfa-13651	103	8	relation	relation	NOUN
ajfa-13651	103	9	with	with	ADP
ajfa-13651	103	10	the	the	DET
ajfa-13651	103	11	level	level	NOUN
ajfa-13651	103	12	of	of	ADP
ajfa-13651	103	13	internal	internal	ADJ
ajfa-13651	103	14	fund	fund	NOUN
ajfa-13651	103	15	dependence	dependence	NOUN
ajfa-13651	103	16	or	or	CCONJ
ajfa-13651	103	17	large	large	ADJ
ajfa-13651	103	18	company	company	NOUN
ajfa-13651	103	19	can	can	AUX
ajfa-13651	103	20	pay	pay	VERB
ajfa-13651	103	21	higher	high	ADJ
ajfa-13651	103	22	dividends	dividend	NOUN
ajfa-13651	103	23	(	(	PUNCT
ajfa-13651	103	24	al	al	PROPN
ajfa-13651	103	25	-	-	PUNCT
ajfa-13651	103	26	yahyaee	yahyaee	PROPN
ajfa-13651	103	27	,	,	PUNCT
ajfa-13651	103	28	pham	pham	PROPN
ajfa-13651	103	29	,	,	PUNCT
ajfa-13651	103	30	&	&	CCONJ
ajfa-13651	103	31	asian	asian	ADJ
ajfa-13651	103	32	journal	journal	PROPN
ajfa-13651	103	33	of	of	ADP
ajfa-13651	103	34	finance	finance	PROPN
ajfa-13651	103	35	&	&	CCONJ
ajfa-13651	103	36	accounting	accounting	PROPN
ajfa-13651	103	37	issn	issn	PROPN
ajfa-13651	103	38	1946	1946	NUM
ajfa-13651	103	39	-	-	PUNCT
ajfa-13651	103	40	052x	052x	NOUN
ajfa-13651	103	41	2018	2018	NUM
ajfa-13651	103	42	,	,	PUNCT
ajfa-13651	103	43	vol	vol	NOUN
ajfa-13651	103	44	.	.	PROPN
ajfa-13651	104	1	10	10	NUM
ajfa-13651	104	2	,	,	PUNCT
ajfa-13651	104	3	no	no	INTJ
ajfa-13651	104	4	.	.	NOUN
ajfa-13651	104	5	2	2	NUM
ajfa-13651	104	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	104	7	21	21	NUM
ajfa-13651	104	8	walter	walter	NOUN
ajfa-13651	104	9	,	,	PUNCT
ajfa-13651	104	10	2006	2006	NUM
ajfa-13651	104	11	;	;	PUNCT
ajfa-13651	104	12	al	al	PROPN
ajfa-13651	104	13	-	-	PUNCT
ajfa-13651	104	14	shubiri	shubiri	PROPN
ajfa-13651	104	15	,	,	PUNCT
ajfa-13651	104	16	2011	2011	NUM
ajfa-13651	104	17	)	)	PUNCT
ajfa-13651	104	18	.	.	PUNCT
ajfa-13651	105	1	meanwhile	meanwhile	ADV
ajfa-13651	105	2	,	,	PUNCT
ajfa-13651	105	3	the	the	DET
ajfa-13651	105	4	company	company	NOUN
ajfa-13651	105	5	size	size	NOUN
ajfa-13651	105	6	has	have	VERB
ajfa-13651	105	7	a	a	DET
ajfa-13651	105	8	positive	positive	ADJ
ajfa-13651	105	9	but	but	CCONJ
ajfa-13651	105	10	unpredictable	unpredictable	ADJ
ajfa-13651	105	11	relationship	relationship	NOUN
ajfa-13651	105	12	(	(	PUNCT
ajfa-13651	105	13	mitton	mitton	PROPN
ajfa-13651	105	14	,	,	PUNCT
ajfa-13651	105	15	2004	2004	NUM
ajfa-13651	105	16	)	)	PUNCT
ajfa-13651	105	17	.	.	PUNCT
ajfa-13651	106	1	research	research	NOUN
ajfa-13651	106	2	hypothesis	hypothesis	NOUN
ajfa-13651	106	3	is	be	AUX
ajfa-13651	106	4	developed	develop	VERB
ajfa-13651	106	5	:	:	PUNCT
ajfa-13651	106	6	h2	h2	NOUN
ajfa-13651	106	7	:	:	PUNCT
ajfa-13651	106	8	the	the	DET
ajfa-13651	106	9	firm	firm	ADJ
ajfa-13651	106	10	size	size	NOUN
ajfa-13651	106	11	has	have	VERB
ajfa-13651	106	12	a	a	DET
ajfa-13651	106	13	positive	positive	ADJ
ajfa-13651	106	14	relationship	relationship	NOUN
ajfa-13651	106	15	with	with	ADP
ajfa-13651	106	16	dividend	dividend	NOUN
ajfa-13651	106	17	policy	policy	NOUN
ajfa-13651	106	18	.	.	PUNCT
ajfa-13651	107	1	financial	financial	ADJ
ajfa-13651	107	2	leverage	leverage	NOUN
ajfa-13651	107	3	:	:	PUNCT
ajfa-13651	107	4	financial	financial	ADJ
ajfa-13651	107	5	leverage	leverage	NOUN
ajfa-13651	107	6	represents	represent	VERB
ajfa-13651	107	7	the	the	DET
ajfa-13651	107	8	level	level	NOUN
ajfa-13651	107	9	of	of	ADP
ajfa-13651	107	10	corporate	corporate	ADJ
ajfa-13651	107	11	loan	loan	NOUN
ajfa-13651	107	12	usage	usage	NOUN
ajfa-13651	107	13	.	.	PUNCT
ajfa-13651	108	1	loans	loan	NOUN
ajfa-13651	108	2	will	will	AUX
ajfa-13651	108	3	cause	cause	VERB
ajfa-13651	108	4	low	low	ADJ
ajfa-13651	108	5	dividends	dividend	NOUN
ajfa-13651	108	6	payment	payment	NOUN
ajfa-13651	108	7	to	to	PART
ajfa-13651	108	8	maintain	maintain	VERB
ajfa-13651	108	9	a	a	DET
ajfa-13651	108	10	certain	certain	ADJ
ajfa-13651	108	11	amount	amount	NOUN
ajfa-13651	108	12	of	of	ADP
ajfa-13651	108	13	capital	capital	NOUN
ajfa-13651	108	14	to	to	PART
ajfa-13651	108	15	meet	meet	VERB
ajfa-13651	108	16	their	their	PRON
ajfa-13651	108	17	debt	debt	NOUN
ajfa-13651	108	18	obligations	obligation	NOUN
ajfa-13651	108	19	and	and	CCONJ
ajfa-13651	108	20	to	to	PART
ajfa-13651	108	21	pay	pay	VERB
ajfa-13651	108	22	for	for	ADP
ajfa-13651	108	23	transaction	transaction	NOUN
ajfa-13651	108	24	costs	cost	NOUN
ajfa-13651	108	25	(	(	PUNCT
ajfa-13651	108	26	rozeff	rozeff	NOUN
ajfa-13651	108	27	,	,	PUNCT
ajfa-13651	108	28	1982	1982	NUM
ajfa-13651	108	29	)	)	PUNCT
ajfa-13651	108	30	.	.	PUNCT
ajfa-13651	109	1	the	the	DET
ajfa-13651	109	2	adverse	adverse	ADJ
ajfa-13651	109	3	effect	effect	NOUN
ajfa-13651	109	4	of	of	ADP
ajfa-13651	109	5	financial	financial	ADJ
ajfa-13651	109	6	leverage	leverage	NOUN
ajfa-13651	109	7	on	on	ADP
ajfa-13651	109	8	dividend	dividend	NOUN
ajfa-13651	109	9	has	have	AUX
ajfa-13651	109	10	been	be	AUX
ajfa-13651	109	11	demonstrated	demonstrate	VERB
ajfa-13651	109	12	in	in	ADP
ajfa-13651	109	13	studies	study	NOUN
ajfa-13651	109	14	such	such	ADJ
ajfa-13651	109	15	as	as	ADP
ajfa-13651	109	16	mancinelli	mancinelli	PROPN
ajfa-13651	109	17	&	&	CCONJ
ajfa-13651	109	18	ozkan	ozkan	PROPN
ajfa-13651	109	19	,	,	PUNCT
ajfa-13651	109	20	(	(	PUNCT
ajfa-13651	109	21	2006	2006	NUM
ajfa-13651	109	22	)	)	PUNCT
ajfa-13651	109	23	,	,	PUNCT
ajfa-13651	109	24	ahmed	ahmed	PROPN
ajfa-13651	109	25	&	&	CCONJ
ajfa-13651	109	26	javid	javid	PROPN
ajfa-13651	109	27	(	(	PUNCT
ajfa-13651	109	28	2008	2008	NUM
ajfa-13651	109	29	)	)	PUNCT
ajfa-13651	109	30	.	.	PUNCT
ajfa-13651	110	1	g.	g.	PROPN
ajfa-13651	110	2	r.	r.	PROPN
ajfa-13651	110	3	jensen	jensen	PROPN
ajfa-13651	110	4	et	et	PROPN
ajfa-13651	110	5	al	al	PROPN
ajfa-13651	110	6	.	.	PROPN
ajfa-13651	110	7	(	(	PUNCT
ajfa-13651	110	8	1992	1992	NUM
ajfa-13651	110	9	)	)	PUNCT
ajfa-13651	110	10	studied	study	VERB
ajfa-13651	110	11	the	the	DET
ajfa-13651	110	12	dividend	dividend	NOUN
ajfa-13651	110	13	policy	policy	NOUN
ajfa-13651	110	14	of	of	ADP
ajfa-13651	110	15	companies	company	NOUN
ajfa-13651	110	16	in	in	ADP
ajfa-13651	110	17	the	the	DET
ajfa-13651	110	18	united	united	PROPN
ajfa-13651	110	19	states	states	PROPN
ajfa-13651	110	20	.	.	PUNCT
ajfa-13651	111	1	they	they	PRON
ajfa-13651	111	2	concluded	conclude	VERB
ajfa-13651	111	3	that	that	SCONJ
ajfa-13651	111	4	the	the	DET
ajfa-13651	111	5	debt	debt	NOUN
ajfa-13651	111	6	ratio	ratio	NOUN
ajfa-13651	111	7	was	be	AUX
ajfa-13651	111	8	negatively	negatively	ADV
ajfa-13651	111	9	correlated	correlate	VERB
ajfa-13651	111	10	with	with	ADP
ajfa-13651	111	11	dividend	dividend	NOUN
ajfa-13651	111	12	payout	payout	NOUN
ajfa-13651	111	13	ratio	ratio	NOUN
ajfa-13651	111	14	.	.	PUNCT
ajfa-13651	112	1	research	research	NOUN
ajfa-13651	112	2	hypothesis	hypothesis	NOUN
ajfa-13651	112	3	was	be	AUX
ajfa-13651	112	4	developed	develop	VERB
ajfa-13651	112	5	:	:	PUNCT
ajfa-13651	112	6	h3	h3	NOUN
ajfa-13651	112	7	:	:	PUNCT
ajfa-13651	112	8	financial	financial	ADJ
ajfa-13651	112	9	leverage	leverage	NOUN
ajfa-13651	112	10	has	have	VERB
ajfa-13651	112	11	a	a	DET
ajfa-13651	112	12	negative	negative	ADJ
ajfa-13651	112	13	relationship	relationship	NOUN
ajfa-13651	112	14	with	with	ADP
ajfa-13651	112	15	dividend	dividend	NOUN
ajfa-13651	112	16	policy	policy	NOUN
ajfa-13651	112	17	.	.	PUNCT
ajfa-13651	113	1	growth	growth	NOUN
ajfa-13651	113	2	rate	rate	NOUN
ajfa-13651	113	3	:	:	PUNCT
ajfa-13651	113	4	enterprises	enterprise	NOUN
ajfa-13651	113	5	with	with	ADP
ajfa-13651	113	6	higher	high	ADJ
ajfa-13651	113	7	growth	growth	NOUN
ajfa-13651	113	8	rates	rate	NOUN
ajfa-13651	113	9	,	,	PUNCT
ajfa-13651	113	10	they	they	PRON
ajfa-13651	113	11	will	will	AUX
ajfa-13651	113	12	have	have	VERB
ajfa-13651	113	13	more	more	ADJ
ajfa-13651	113	14	investment	investment	NOUN
ajfa-13651	113	15	opportunities	opportunity	NOUN
ajfa-13651	113	16	,	,	PUNCT
ajfa-13651	113	17	and	and	CCONJ
ajfa-13651	113	18	the	the	DET
ajfa-13651	113	19	managers	manager	NOUN
ajfa-13651	113	20	tend	tend	VERB
ajfa-13651	113	21	to	to	PART
ajfa-13651	113	22	favor	favor	VERB
ajfa-13651	113	23	internal	internal	ADJ
ajfa-13651	113	24	capital	capital	NOUN
ajfa-13651	113	25	to	to	PART
ajfa-13651	113	26	conduct	conduct	VERB
ajfa-13651	113	27	all	all	DET
ajfa-13651	113	28	projects	project	NOUN
ajfa-13651	113	29	with	with	ADP
ajfa-13651	113	30	positive	positive	ADJ
ajfa-13651	113	31	net	net	ADJ
ajfa-13651	113	32	present	present	ADJ
ajfa-13651	113	33	value	value	NOUN
ajfa-13651	113	34	,	,	PUNCT
ajfa-13651	113	35	so	so	SCONJ
ajfa-13651	113	36	their	their	PRON
ajfa-13651	113	37	dividends	dividend	NOUN
ajfa-13651	113	38	are	be	AUX
ajfa-13651	113	39	usually	usually	ADV
ajfa-13651	113	40	low	low	ADJ
ajfa-13651	113	41	.	.	PUNCT
ajfa-13651	114	1	(	(	PUNCT
ajfa-13651	114	2	gr	gr	PROPN
ajfa-13651	114	3	jensen	jensen	PROPN
ajfa-13651	114	4	et	et	PROPN
ajfa-13651	114	5	al	al	PROPN
ajfa-13651	114	6	.	.	PROPN
ajfa-13651	114	7	,	,	PUNCT
ajfa-13651	114	8	1992	1992	NUM
ajfa-13651	114	9	)	)	PUNCT
ajfa-13651	114	10	.	.	PUNCT
ajfa-13651	115	1	this	this	DET
ajfa-13651	115	2	inverse	inverse	NOUN
ajfa-13651	115	3	relationship	relationship	NOUN
ajfa-13651	115	4	between	between	ADP
ajfa-13651	115	5	growth	growth	NOUN
ajfa-13651	115	6	rate	rate	NOUN
ajfa-13651	115	7	and	and	CCONJ
ajfa-13651	115	8	dividend	dividend	NOUN
ajfa-13651	115	9	was	be	AUX
ajfa-13651	115	10	demonstrated	demonstrate	VERB
ajfa-13651	115	11	in	in	ADP
ajfa-13651	115	12	the	the	DET
ajfa-13651	115	13	study	study	NOUN
ajfa-13651	115	14	of	of	ADP
ajfa-13651	115	15	ho	ho	PROPN
ajfa-13651	115	16	(	(	PUNCT
ajfa-13651	115	17	2003	2003	NUM
ajfa-13651	115	18	)	)	PUNCT
ajfa-13651	115	19	and	and	CCONJ
ajfa-13651	115	20	al	al	PROPN
ajfa-13651	115	21	-	-	PUNCT
ajfa-13651	115	22	yahyaee	yahyaee	PROPN
ajfa-13651	115	23	et	et	PROPN
ajfa-13651	115	24	al	al	PROPN
ajfa-13651	115	25	.	.	PROPN
ajfa-13651	115	26	,	,	PUNCT
ajfa-13651	115	27	(	(	PUNCT
ajfa-13651	115	28	2006	2006	NUM
ajfa-13651	115	29	)	)	PUNCT
ajfa-13651	115	30	.	.	PUNCT
ajfa-13651	116	1	research	research	NOUN
ajfa-13651	116	2	hypothesis	hypothesis	NOUN
ajfa-13651	116	3	was	be	AUX
ajfa-13651	116	4	developed	develop	VERB
ajfa-13651	116	5	:	:	PUNCT
ajfa-13651	116	6	h4	h4	NOUN
ajfa-13651	116	7	:	:	PUNCT
ajfa-13651	116	8	the	the	DET
ajfa-13651	116	9	growth	growth	NOUN
ajfa-13651	116	10	rate	rate	NOUN
ajfa-13651	116	11	has	have	VERB
ajfa-13651	116	12	a	a	DET
ajfa-13651	116	13	negative	negative	ADJ
ajfa-13651	116	14	relationship	relationship	NOUN
ajfa-13651	116	15	with	with	ADP
ajfa-13651	116	16	dividend	dividend	NOUN
ajfa-13651	116	17	policy	policy	NOUN
ajfa-13651	116	18	.	.	PUNCT
ajfa-13651	117	1	based	base	VERB
ajfa-13651	117	2	on	on	ADP
ajfa-13651	117	3	the	the	DET
ajfa-13651	117	4	previous	previous	ADJ
ajfa-13651	117	5	study	study	NOUN
ajfa-13651	117	6	model	model	NOUN
ajfa-13651	117	7	,	,	PUNCT
ajfa-13651	117	8	the	the	DET
ajfa-13651	117	9	author	author	NOUN
ajfa-13651	117	10	uses	use	VERB
ajfa-13651	117	11	the	the	DET
ajfa-13651	117	12	following	following	ADJ
ajfa-13651	117	13	model	model	NOUN
ajfa-13651	117	14	:	:	PUNCT
ajfa-13651	117	15	dpayout	dpayout	ADP
ajfa-13651	117	16	it	it	PRON
ajfa-13651	118	1	=	=	PUNCT
ajfa-13651	118	2	β0	β0	PROPN
ajfa-13651	118	3	+	+	CCONJ
ajfa-13651	118	4	β1(roait	β1(roait	NUM
ajfa-13651	118	5	)	)	PUNCT
ajfa-13651	119	1	+	+	CCONJ
ajfa-13651	119	2	β2(sizeit	β2(sizeit	NUM
ajfa-13651	119	3	)	)	PUNCT
ajfa-13651	120	1	+	+	CCONJ
ajfa-13651	120	2	β3(dlfit)+	β3(dlfit)+	ADJ
ajfa-13651	120	3	β4(growit)+	β4(growit)+	ADJ
ajfa-13651	120	4	εit	εit	NOUN
ajfa-13651	120	5	dpsr	dpsr	NOUN
ajfa-13651	120	6	it	it	PRON
ajfa-13651	120	7	=	=	PUNCT
ajfa-13651	120	8	β0	β0	PROPN
ajfa-13651	120	9	+	+	CCONJ
ajfa-13651	120	10	β1(roait	β1(roait	NUM
ajfa-13651	120	11	)	)	PUNCT
ajfa-13651	121	1	+	+	CCONJ
ajfa-13651	121	2	β2(sizeit	β2(sizeit	NUM
ajfa-13651	121	3	)	)	PUNCT
ajfa-13651	122	1	+	+	CCONJ
ajfa-13651	122	2	β3(dlfit)+	β3(dlfit)+	ADJ
ajfa-13651	122	3	β4(growit)+	β4(growit)+	ADJ
ajfa-13651	122	4	εit	εit	NOUN
ajfa-13651	122	5	table	table	NOUN
ajfa-13651	122	6	1	1	NUM
ajfa-13651	122	7	.	.	PUNCT
ajfa-13651	122	8	measurements	measurement	NOUN
ajfa-13651	122	9	and	and	CCONJ
ajfa-13651	122	10	expected	expect	VERB
ajfa-13651	122	11	sign	sign	NOUN
ajfa-13651	122	12	of	of	ADP
ajfa-13651	122	13	variables	variable	NOUN
ajfa-13651	122	14	no	no	DET
ajfa-13651	122	15	variables	variable	NOUN
ajfa-13651	122	16	code	code	NOUN
ajfa-13651	122	17	calculation	calculation	NOUN
ajfa-13651	122	18	expected	expect	VERB
ajfa-13651	122	19	sign	sign	NOUN
ajfa-13651	122	20	of	of	ADP
ajfa-13651	122	21	variable	variable	ADJ
ajfa-13651	122	22	1	1	NUM
ajfa-13651	122	23	dividend	dividend	NOUN
ajfa-13651	122	24	payout	payout	NOUN
ajfa-13651	122	25	ratio	ratio	NOUN
ajfa-13651	122	26	dpayout	dpayout	ADP
ajfa-13651	122	27	dividend	dividend	NOUN
ajfa-13651	122	28	per	per	ADP
ajfa-13651	122	29	share	share	NOUN
ajfa-13651	122	30	/net	/net	PROPN
ajfa-13651	122	31	income	income	NOUN
ajfa-13651	122	32	per	per	ADP
ajfa-13651	122	33	share	share	NOUN
ajfa-13651	122	34	2	2	NUM
ajfa-13651	122	35	dividend	dividend	NOUN
ajfa-13651	122	36	per	per	ADP
ajfa-13651	122	37	share	share	NOUN
ajfa-13651	122	38	ratio	ratio	NOUN
ajfa-13651	122	39	dpsr	dpsr	NOUN
ajfa-13651	122	40	dividend	dividend	VERB
ajfa-13651	122	41	per	per	ADP
ajfa-13651	122	42	share	share	NOUN
ajfa-13651	122	43	/	/	SYM
ajfa-13651	122	44	par	par	NOUN
ajfa-13651	122	45	value	value	NOUN
ajfa-13651	122	46	shares	share	NOUN
ajfa-13651	122	47	3	3	NUM
ajfa-13651	122	48	profitability	profitability	NOUN
ajfa-13651	122	49	roa	roa	PROPN
ajfa-13651	122	50	net	net	NOUN
ajfa-13651	122	51	income/	income/	NUM
ajfa-13651	122	52	average	average	ADJ
ajfa-13651	122	53	total	total	ADJ
ajfa-13651	122	54	assets	asset	NOUN
ajfa-13651	122	55	(	(	PUNCT
ajfa-13651	122	56	+	+	NOUN
ajfa-13651	122	57	)	)	PUNCT
ajfa-13651	122	58	4	4	NUM
ajfa-13651	122	59	firm	firm	ADJ
ajfa-13651	122	60	size	size	NOUN
ajfa-13651	122	61	size	size	NOUN
ajfa-13651	122	62	ln	ln	X
ajfa-13651	122	63	(	(	PUNCT
ajfa-13651	122	64	revenue	revenue	NOUN
ajfa-13651	122	65	)	)	PUNCT
ajfa-13651	122	66	(	(	PUNCT
ajfa-13651	122	67	+	+	ADJ
ajfa-13651	122	68	)	)	PUNCT
ajfa-13651	122	69	5	5	NUM
ajfa-13651	122	70	financial	financial	ADJ
ajfa-13651	122	71	leverage	leverage	NOUN
ajfa-13651	122	72	dlf	dlf	PROPN
ajfa-13651	122	73	debt	debt	NOUN
ajfa-13651	122	74	/	/	SYM
ajfa-13651	122	75	total	total	ADJ
ajfa-13651	122	76	assets	asset	NOUN
ajfa-13651	122	77	(	(	PUNCT
ajfa-13651	122	78	-	-	SYM
ajfa-13651	122	79	)	)	PUNCT
ajfa-13651	122	80	6	6	NUM
ajfa-13651	122	81	growth	growth	NOUN
ajfa-13651	122	82	rate	rate	NOUN
ajfa-13651	122	83	grow	grow	NOUN
ajfa-13651	122	84	(	(	PUNCT
ajfa-13651	122	85	turnover	turnover	NOUN
ajfa-13651	122	86	this	this	DET
ajfa-13651	122	87	period	period	NOUN
ajfa-13651	122	88	previously	previously	ADV
ajfa-13651	122	89	turnover	turnover	NOUN
ajfa-13651	122	90	)	)	PUNCT
ajfa-13651	122	91	/	/	PUNCT
ajfa-13651	123	1	(	(	PUNCT
ajfa-13651	123	2	previous	previous	ADJ
ajfa-13651	123	3	turnover	turnover	NOUN
ajfa-13651	123	4	)	)	PUNCT
ajfa-13651	123	5	(	(	PUNCT
ajfa-13651	123	6	-	-	PUNCT
ajfa-13651	123	7	)	)	PUNCT
ajfa-13651	123	8	source	source	NOUN
ajfa-13651	123	9	:	:	PUNCT
ajfa-13651	123	10	author	author	NOUN
ajfa-13651	123	11	’s	’s	PART
ajfa-13651	123	12	establishment	establishment	NOUN
ajfa-13651	123	13	asian	asian	ADJ
ajfa-13651	123	14	journal	journal	NOUN
ajfa-13651	123	15	of	of	ADP
ajfa-13651	123	16	finance	finance	PROPN
ajfa-13651	123	17	&	&	CCONJ
ajfa-13651	123	18	accounting	accounting	PROPN
ajfa-13651	123	19	issn	issn	PROPN
ajfa-13651	123	20	1946	1946	NUM
ajfa-13651	123	21	-	-	PUNCT
ajfa-13651	123	22	052x	052x	NOUN
ajfa-13651	123	23	2018	2018	NUM
ajfa-13651	123	24	,	,	PUNCT
ajfa-13651	123	25	vol	vol	NOUN
ajfa-13651	123	26	.	.	PROPN
ajfa-13651	124	1	10	10	NUM
ajfa-13651	124	2	,	,	PUNCT
ajfa-13651	124	3	no	no	INTJ
ajfa-13651	124	4	.	.	NOUN
ajfa-13651	124	5	2	2	NUM
ajfa-13651	124	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	124	7	22	22	NUM
ajfa-13651	125	1	the	the	DET
ajfa-13651	125	2	data	datum	NOUN
ajfa-13651	125	3	are	be	AUX
ajfa-13651	125	4	collected	collect	VERB
ajfa-13651	125	5	from	from	ADP
ajfa-13651	125	6	companies	company	NOUN
ajfa-13651	125	7	listed	list	VERB
ajfa-13651	125	8	on	on	ADP
ajfa-13651	125	9	ho	ho	PROPN
ajfa-13651	125	10	chi	chi	PROPN
ajfa-13651	125	11	minh	minh	PROPN
ajfa-13651	125	12	city	city	PROPN
ajfa-13651	125	13	stock	stock	NOUN
ajfa-13651	125	14	market	market	NOUN
ajfa-13651	125	15	for	for	ADP
ajfa-13651	125	16	12	12	NUM
ajfa-13651	125	17	years	year	NOUN
ajfa-13651	125	18	(	(	PUNCT
ajfa-13651	125	19	2006	2006	NUM
ajfa-13651	125	20	-	-	SYM
ajfa-13651	125	21	2017	2017	NUM
ajfa-13651	125	22	)	)	PUNCT
ajfa-13651	125	23	with	with	ADP
ajfa-13651	125	24	2150	2150	NUM
ajfa-13651	125	25	observations	observation	NOUN
ajfa-13651	125	26	(	(	PUNCT
ajfa-13651	125	27	unbalanced	unbalanced	ADJ
ajfa-13651	125	28	data	datum	NOUN
ajfa-13651	125	29	)	)	PUNCT
ajfa-13651	125	30	and	and	CCONJ
ajfa-13651	125	31	the	the	DET
ajfa-13651	125	32	regression	regression	NOUN
ajfa-13651	125	33	model	model	NOUN
ajfa-13651	125	34	is	be	AUX
ajfa-13651	125	35	based	base	VERB
ajfa-13651	125	36	on	on	ADP
ajfa-13651	125	37	tabular	tabular	PROPN
ajfa-13651	125	38	data	datum	NOUN
ajfa-13651	125	39	.	.	PUNCT
ajfa-13651	126	1	regression	regression	NOUN
ajfa-13651	126	2	methods	method	NOUN
ajfa-13651	126	3	include	include	VERB
ajfa-13651	126	4	pool	pool	NOUN
ajfa-13651	126	5	regression	regression	NOUN
ajfa-13651	126	6	methods	method	NOUN
ajfa-13651	126	7	,	,	PUNCT
ajfa-13651	126	8	fixed	fix	VERB
ajfa-13651	126	9	effect	effect	NOUN
ajfa-13651	126	10	model	model	NOUN
ajfa-13651	126	11	(	(	PUNCT
ajfa-13651	126	12	fem	fem	NOUN
ajfa-13651	126	13	)	)	PUNCT
ajfa-13651	126	14	,	,	PUNCT
ajfa-13651	126	15	and	and	CCONJ
ajfa-13651	126	16	random	random	ADJ
ajfa-13651	126	17	effect	effect	NOUN
ajfa-13651	126	18	model	model	NOUN
ajfa-13651	126	19	.	.	PUNCT
ajfa-13651	127	1	after	after	ADP
ajfa-13651	127	2	choosing	choose	VERB
ajfa-13651	127	3	the	the	DET
ajfa-13651	127	4	most	most	ADV
ajfa-13651	127	5	appropriate	appropriate	ADJ
ajfa-13651	127	6	method	method	NOUN
ajfa-13651	127	7	,	,	PUNCT
ajfa-13651	127	8	the	the	DET
ajfa-13651	127	9	authors	author	NOUN
ajfa-13651	127	10	conducted	conduct	VERB
ajfa-13651	127	11	a	a	DET
ajfa-13651	127	12	model	model	NOUN
ajfa-13651	127	13	selection	selection	NOUN
ajfa-13651	127	14	test	test	NOUN
ajfa-13651	127	15	and	and	CCONJ
ajfa-13651	127	16	a	a	DET
ajfa-13651	127	17	defect	defect	NOUN
ajfa-13651	127	18	assessment	assessment	NOUN
ajfa-13651	127	19	test	test	NOUN
ajfa-13651	127	20	of	of	ADP
ajfa-13651	127	21	the	the	DET
ajfa-13651	127	22	selected	select	VERB
ajfa-13651	127	23	model	model	NOUN
ajfa-13651	127	24	.	.	PUNCT
ajfa-13651	128	1	if	if	SCONJ
ajfa-13651	128	2	the	the	DET
ajfa-13651	128	3	defect	defect	NOUN
ajfa-13651	128	4	is	be	AUX
ajfa-13651	128	5	violated	violate	VERB
ajfa-13651	128	6	,	,	PUNCT
ajfa-13651	128	7	the	the	DET
ajfa-13651	128	8	author	author	NOUN
ajfa-13651	128	9	will	will	AUX
ajfa-13651	128	10	use	use	VERB
ajfa-13651	128	11	the	the	DET
ajfa-13651	128	12	generalized	generalize	VERB
ajfa-13651	128	13	least	least	ADJ
ajfa-13651	128	14	squares	square	NOUN
ajfa-13651	128	15	(	(	PUNCT
ajfa-13651	128	16	gls	gls	PROPN
ajfa-13651	128	17	)	)	PUNCT
ajfa-13651	128	18	.	.	PUNCT
ajfa-13651	129	1	5	5	X
ajfa-13651	129	2	.	.	NOUN
ajfa-13651	129	3	results	result	NOUN
ajfa-13651	129	4	and	and	CCONJ
ajfa-13651	129	5	discussion	discussion	NOUN
ajfa-13651	129	6	in	in	ADP
ajfa-13651	129	7	the	the	DET
ajfa-13651	129	8	period	period	NOUN
ajfa-13651	129	9	2006	2006	NUM
ajfa-13651	129	10	-	-	SYM
ajfa-13651	129	11	2017	2017	NUM
ajfa-13651	129	12	,	,	PUNCT
ajfa-13651	129	13	the	the	DET
ajfa-13651	129	14	number	number	NOUN
ajfa-13651	129	15	of	of	ADP
ajfa-13651	129	16	enterprises	enterprise	NOUN
ajfa-13651	129	17	paying	pay	VERB
ajfa-13651	129	18	cash	cash	NOUN
ajfa-13651	129	19	dividends	dividend	NOUN
ajfa-13651	129	20	ranged	range	VERB
ajfa-13651	129	21	from	from	ADP
ajfa-13651	129	22	59.9	59.9	NUM
ajfa-13651	129	23	%	%	NOUN
ajfa-13651	129	24	to	to	PART
ajfa-13651	129	25	83	83	NUM
ajfa-13651	129	26	%	%	NOUN
ajfa-13651	129	27	,	,	PUNCT
ajfa-13651	129	28	with	with	ADP
ajfa-13651	129	29	an	an	DET
ajfa-13651	129	30	average	average	NOUN
ajfa-13651	129	31	of	of	ADP
ajfa-13651	129	32	67.6	67.6	NUM
ajfa-13651	129	33	%	%	NOUN
ajfa-13651	129	34	.	.	PUNCT
ajfa-13651	130	1	thus	thus	ADV
ajfa-13651	130	2	,	,	PUNCT
ajfa-13651	130	3	about	about	ADV
ajfa-13651	130	4	two	two	NUM
ajfa-13651	130	5	-	-	PUNCT
ajfa-13651	130	6	thirds	third	NOUN
ajfa-13651	130	7	of	of	ADP
ajfa-13651	130	8	enterprises	enterprise	NOUN
ajfa-13651	130	9	pay	pay	VERB
ajfa-13651	130	10	cash	cash	NOUN
ajfa-13651	130	11	dividends	dividend	NOUN
ajfa-13651	130	12	(	(	PUNCT
ajfa-13651	130	13	table	table	NOUN
ajfa-13651	130	14	2	2	NUM
ajfa-13651	130	15	)	)	PUNCT
ajfa-13651	130	16	.	.	PUNCT
ajfa-13651	131	1	table	table	NOUN
ajfa-13651	131	2	2	2	NUM
ajfa-13651	131	3	.	.	X
ajfa-13651	131	4	number	number	NOUN
ajfa-13651	131	5	of	of	ADP
ajfa-13651	131	6	enterprises	enterprise	NOUN
ajfa-13651	131	7	paying	pay	VERB
ajfa-13651	131	8	cash	cash	NOUN
ajfa-13651	131	9	dividends	dividend	NOUN
ajfa-13651	131	10	yearly	yearly	ADJ
ajfa-13651	131	11	year	year	NOUN
ajfa-13651	131	12	enterprise	enterprise	NOUN
ajfa-13651	131	13	without	without	ADP
ajfa-13651	131	14	cash	cash	NOUN
ajfa-13651	131	15	dividends	dividend	NOUN
ajfa-13651	131	16	payment	payment	NOUN
ajfa-13651	131	17	enterprise	enterprise	NOUN
ajfa-13651	131	18	with	with	ADP
ajfa-13651	131	19	cash	cash	NOUN
ajfa-13651	131	20	dividends	dividend	NOUN
ajfa-13651	131	21	payment	payment	NOUN
ajfa-13651	131	22	total	total	ADJ
ajfa-13651	131	23	quantity	quantity	NOUN
ajfa-13651	131	24	rate	rate	NOUN
ajfa-13651	131	25	(	(	PUNCT
ajfa-13651	131	26	%	%	INTJ
ajfa-13651	131	27	)	)	PUNCT
ajfa-13651	131	28	quantity	quantity	NOUN
ajfa-13651	131	29	rate	rate	NOUN
ajfa-13651	131	30	(	(	PUNCT
ajfa-13651	131	31	%	%	INTJ
ajfa-13651	131	32	)	)	PUNCT
ajfa-13651	131	33	2006	2006	NUM
ajfa-13651	131	34	22	22	NUM
ajfa-13651	131	35	31.4	31.4	NUM
ajfa-13651	131	36	%	%	NOUN
ajfa-13651	131	37	48	48	NUM
ajfa-13651	131	38	68.6	68.6	NUM
ajfa-13651	131	39	%	%	NOUN
ajfa-13651	131	40	70	70	NUM
ajfa-13651	131	41	2007	2007	NUM
ajfa-13651	131	42	17	17	NUM
ajfa-13651	131	43	17.0	17.0	NUM
ajfa-13651	131	44	%	%	NOUN
ajfa-13651	131	45	83	83	NUM
ajfa-13651	131	46	83.0	83.0	NUM
ajfa-13651	131	47	%	%	NOUN
ajfa-13651	131	48	100	100	NUM
ajfa-13651	131	49	2008	2008	NUM
ajfa-13651	131	50	25	25	NUM
ajfa-13651	131	51	20.7	20.7	NUM
ajfa-13651	131	52	%	%	NOUN
ajfa-13651	131	53	96	96	NUM
ajfa-13651	131	54	79.3	79.3	NUM
ajfa-13651	131	55	%	%	NOUN
ajfa-13651	131	56	121	121	NUM
ajfa-13651	131	57	2009	2009	NUM
ajfa-13651	131	58	20	20	NUM
ajfa-13651	131	59	31.3	31.3	NUM
ajfa-13651	131	60	%	%	NOUN
ajfa-13651	131	61	44	44	NUM
ajfa-13651	131	62	68.8	68.8	NUM
ajfa-13651	131	63	%	%	NOUN
ajfa-13651	131	64	64	64	NUM
ajfa-13651	131	65	2010	2010	NUM
ajfa-13651	131	66	18	18	NUM
ajfa-13651	131	67	20.9	20.9	NUM
ajfa-13651	131	68	%	%	NOUN
ajfa-13651	131	69	68	68	NUM
ajfa-13651	131	70	79.1	79.1	NUM
ajfa-13651	131	71	%	%	NOUN
ajfa-13651	131	72	86	86	NUM
ajfa-13651	131	73	2011	2011	NUM
ajfa-13651	131	74	69	69	NUM
ajfa-13651	131	75	29.6	29.6	NUM
ajfa-13651	131	76	%	%	NOUN
ajfa-13651	131	77	164	164	NUM
ajfa-13651	131	78	70.4	70.4	NUM
ajfa-13651	131	79	%	%	NOUN
ajfa-13651	131	80	233	233	NUM
ajfa-13651	131	81	2012	2012	NUM
ajfa-13651	131	82	85	85	NUM
ajfa-13651	131	83	35.7	35.7	NUM
ajfa-13651	131	84	%	%	NOUN
ajfa-13651	131	85	153	153	NUM
ajfa-13651	131	86	64.3	64.3	NUM
ajfa-13651	131	87	%	%	NOUN
ajfa-13651	131	88	238	238	NUM
ajfa-13651	131	89	2013	2013	NUM
ajfa-13651	131	90	81	81	NUM
ajfa-13651	131	91	33.5	33.5	NUM
ajfa-13651	131	92	%	%	NOUN
ajfa-13651	131	93	161	161	NUM
ajfa-13651	131	94	66.5	66.5	NUM
ajfa-13651	131	95	%	%	NOUN
ajfa-13651	131	96	242	242	NUM
ajfa-13651	131	97	2014	2014	NUM
ajfa-13651	131	98	89	89	NUM
ajfa-13651	131	99	35.9	35.9	NUM
ajfa-13651	131	100	%	%	NOUN
ajfa-13651	131	101	159	159	NUM
ajfa-13651	131	102	64.1	64.1	NUM
ajfa-13651	131	103	%	%	NOUN
ajfa-13651	131	104	248	248	NUM
ajfa-13651	131	105	2015	2015	NUM
ajfa-13651	131	106	81	81	NUM
ajfa-13651	131	107	33.2	33.2	NUM
ajfa-13651	131	108	%	%	NOUN
ajfa-13651	131	109	163	163	NUM
ajfa-13651	131	110	66.8	66.8	NUM
ajfa-13651	131	111	%	%	NOUN
ajfa-13651	131	112	244	244	NUM
ajfa-13651	131	113	2016	2016	NUM
ajfa-13651	131	114	83	83	NUM
ajfa-13651	131	115	33.2	33.2	NUM
ajfa-13651	131	116	%	%	NOUN
ajfa-13651	131	117	167	167	NUM
ajfa-13651	131	118	66.8	66.8	NUM
ajfa-13651	131	119	%	%	NOUN
ajfa-13651	131	120	250	250	NUM
ajfa-13651	131	121	2017	2017	NUM
ajfa-13651	131	122	107	107	NUM
ajfa-13651	131	123	42.1	42.1	NUM
ajfa-13651	131	124	%	%	NOUN
ajfa-13651	131	125	147	147	NUM
ajfa-13651	131	126	57.9	57.9	NUM
ajfa-13651	131	127	%	%	NOUN
ajfa-13651	131	128	254	254	NUM
ajfa-13651	131	129	total	total	NOUN
ajfa-13651	131	130	697	697	NUM
ajfa-13651	131	131	32.4	32.4	NUM
ajfa-13651	131	132	%	%	NOUN
ajfa-13651	131	133	1,453	1,453	NUM
ajfa-13651	131	134	67.6	67.6	NUM
ajfa-13651	131	135	%	%	NOUN
ajfa-13651	131	136	2,150	2,150	NUM
ajfa-13651	131	137	source	source	NOUN
ajfa-13651	131	138	:	:	PUNCT
ajfa-13651	131	139	data	datum	NOUN
ajfa-13651	131	140	extracted	extract	VERB
ajfa-13651	131	141	from	from	ADP
ajfa-13651	131	142	financial	financial	ADJ
ajfa-13651	131	143	statements	statement	NOUN
ajfa-13651	131	144	and	and	CCONJ
ajfa-13651	131	145	calculated	calculate	VERB
ajfa-13651	131	146	from	from	ADP
ajfa-13651	131	147	stata	stata	NOUN
ajfa-13651	131	148	13.0	13.0	NUM
ajfa-13651	131	149	by	by	ADP
ajfa-13651	131	150	author	author	NOUN
ajfa-13651	131	151	table	table	NOUN
ajfa-13651	131	152	3	3	NUM
ajfa-13651	131	153	shows	show	VERB
ajfa-13651	131	154	that	that	SCONJ
ajfa-13651	131	155	the	the	DET
ajfa-13651	131	156	average	average	ADJ
ajfa-13651	131	157	dividend	dividend	NOUN
ajfa-13651	131	158	payout	payout	NOUN
ajfa-13651	131	159	ratio	ratio	NOUN
ajfa-13651	131	160	is	be	AUX
ajfa-13651	131	161	42.72	42.72	NUM
ajfa-13651	131	162	%	%	NOUN
ajfa-13651	131	163	,	,	PUNCT
ajfa-13651	131	164	which	which	PRON
ajfa-13651	131	165	means	mean	VERB
ajfa-13651	131	166	that	that	SCONJ
ajfa-13651	131	167	enterprises	enterprise	NOUN
ajfa-13651	131	168	have	have	AUX
ajfa-13651	131	169	used	use	VERB
ajfa-13651	131	170	42.72	42.72	NUM
ajfa-13651	131	171	%	%	NOUN
ajfa-13651	131	172	of	of	ADP
ajfa-13651	131	173	net	net	ADJ
ajfa-13651	131	174	profit	profit	NOUN
ajfa-13651	131	175	to	to	PART
ajfa-13651	131	176	pay	pay	VERB
ajfa-13651	131	177	cash	cash	NOUN
ajfa-13651	131	178	dividend	dividend	NOUN
ajfa-13651	131	179	.	.	PUNCT
ajfa-13651	132	1	average	average	ADJ
ajfa-13651	132	2	dividend	dividend	NOUN
ajfa-13651	132	3	payout	payout	NOUN
ajfa-13651	132	4	ratio	ratio	NOUN
ajfa-13651	132	5	was	be	AUX
ajfa-13651	132	6	18.72	18.72	NUM
ajfa-13651	132	7	%	%	NOUN
ajfa-13651	132	8	compared	compare	VERB
ajfa-13651	132	9	to	to	PART
ajfa-13651	132	10	dividend	dividend	VERB
ajfa-13651	132	11	per	per	ADP
ajfa-13651	132	12	share	share	NOUN
ajfa-13651	132	13	ratio	ratio	NOUN
ajfa-13651	132	14	,	,	PUNCT
ajfa-13651	132	15	the	the	DET
ajfa-13651	132	16	lowest	low	ADJ
ajfa-13651	132	17	was	be	AUX
ajfa-13651	132	18	0	0	NUM
ajfa-13651	132	19	%	%	NOUN
ajfa-13651	132	20	and	and	CCONJ
ajfa-13651	132	21	the	the	DET
ajfa-13651	132	22	highest	high	ADJ
ajfa-13651	132	23	was	be	AUX
ajfa-13651	132	24	660	660	NUM
ajfa-13651	132	25	%	%	NOUN
ajfa-13651	132	26	.	.	PUNCT
ajfa-13651	133	1	businesses	business	NOUN
ajfa-13651	133	2	usually	usually	ADV
ajfa-13651	133	3	pay	pay	VERB
ajfa-13651	133	4	cash	cash	NOUN
ajfa-13651	133	5	dividends	dividend	NOUN
ajfa-13651	133	6	from	from	ADP
ajfa-13651	133	7	1	1	NUM
ajfa-13651	133	8	-	-	SYM
ajfa-13651	133	9	2	2	NUM
ajfa-13651	133	10	times	time	NOUN
ajfa-13651	133	11	a	a	DET
ajfa-13651	133	12	year	year	NOUN
ajfa-13651	133	13	,	,	PUNCT
ajfa-13651	133	14	but	but	CCONJ
ajfa-13651	133	15	in	in	ADP
ajfa-13651	133	16	particular	particular	ADJ
ajfa-13651	133	17	there	there	PRON
ajfa-13651	133	18	are	be	VERB
ajfa-13651	133	19	companies	company	NOUN
ajfa-13651	133	20	paying	pay	VERB
ajfa-13651	133	21	cash	cash	NOUN
ajfa-13651	133	22	dividends	dividend	NOUN
ajfa-13651	133	23	5	5	NUM
ajfa-13651	133	24	times	time	NOUN
ajfa-13651	133	25	a	a	DET
ajfa-13651	133	26	year	year	NOUN
ajfa-13651	133	27	.	.	PUNCT
ajfa-13651	134	1	average	average	ADJ
ajfa-13651	134	2	return	return	NOUN
ajfa-13651	134	3	on	on	ADP
ajfa-13651	134	4	assets	asset	NOUN
ajfa-13651	134	5	(	(	PUNCT
ajfa-13651	134	6	roa	roa	NOUN
ajfa-13651	134	7	)	)	PUNCT
ajfa-13651	134	8	is	be	AUX
ajfa-13651	134	9	6.80	6.80	NUM
ajfa-13651	134	10	%	%	NOUN
ajfa-13651	134	11	.	.	PUNCT
ajfa-13651	135	1	the	the	DET
ajfa-13651	135	2	logarithm	logarithm	NOUN
ajfa-13651	135	3	of	of	ADP
ajfa-13651	135	4	total	total	ADJ
ajfa-13651	135	5	revenue	revenue	NOUN
ajfa-13651	135	6	(	(	PUNCT
ajfa-13651	135	7	size	size	NOUN
ajfa-13651	135	8	)	)	PUNCT
ajfa-13651	135	9	is	be	AUX
ajfa-13651	135	10	13.53	13.53	NUM
ajfa-13651	135	11	,	,	PUNCT
ajfa-13651	135	12	average	average	ADJ
ajfa-13651	135	13	financial	financial	ADJ
ajfa-13651	135	14	leverage	leverage	NOUN
ajfa-13651	135	15	(	(	PUNCT
ajfa-13651	135	16	dlf	dlf	PROPN
ajfa-13651	135	17	)	)	PUNCT
ajfa-13651	135	18	is	be	AUX
ajfa-13651	135	19	47.13	47.13	NUM
ajfa-13651	135	20	%	%	NOUN
ajfa-13651	135	21	and	and	CCONJ
ajfa-13651	135	22	average	average	ADJ
ajfa-13651	135	23	growth	growth	NOUN
ajfa-13651	135	24	rate	rate	NOUN
ajfa-13651	135	25	(	(	PUNCT
ajfa-13651	135	26	grow	grow	VERB
ajfa-13651	135	27	)	)	PUNCT
ajfa-13651	135	28	is	be	AUX
ajfa-13651	135	29	32.86	32.86	NUM
ajfa-13651	135	30	%	%	NOUN
ajfa-13651	135	31	.	.	PUNCT
ajfa-13651	136	1	asian	asian	ADJ
ajfa-13651	136	2	journal	journal	PROPN
ajfa-13651	136	3	of	of	ADP
ajfa-13651	136	4	finance	finance	PROPN
ajfa-13651	136	5	&	&	CCONJ
ajfa-13651	136	6	accounting	accounting	PROPN
ajfa-13651	136	7	issn	issn	PROPN
ajfa-13651	136	8	1946	1946	NUM
ajfa-13651	136	9	-	-	PUNCT
ajfa-13651	136	10	052x	052x	NOUN
ajfa-13651	136	11	2018	2018	NUM
ajfa-13651	136	12	,	,	PUNCT
ajfa-13651	136	13	vol	vol	NOUN
ajfa-13651	136	14	.	.	PROPN
ajfa-13651	137	1	10	10	NUM
ajfa-13651	137	2	,	,	PUNCT
ajfa-13651	137	3	no	no	INTJ
ajfa-13651	137	4	.	.	NOUN
ajfa-13651	137	5	2	2	NUM
ajfa-13651	137	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	137	7	23	23	NUM
ajfa-13651	137	8	table	table	NOUN
ajfa-13651	137	9	3	3	NUM
ajfa-13651	137	10	.	.	PUNCT
ajfa-13651	137	11	descriptive	descriptive	ADJ
ajfa-13651	137	12	statistic	statistic	NOUN
ajfa-13651	137	13	for	for	ADP
ajfa-13651	137	14	variables	variable	NOUN
ajfa-13651	137	15	variable	variable	ADJ
ajfa-13651	137	16	obs	obs	NOUN
ajfa-13651	137	17	mean	mean	VERB
ajfa-13651	137	18	std	std	PROPN
ajfa-13651	137	19	.	.	PROPN
ajfa-13651	138	1	dev	dev	PROPN
ajfa-13651	138	2	.	.	PUNCT
ajfa-13651	139	1	min	min	PROPN
ajfa-13651	139	2	max	max	PROPN
ajfa-13651	139	3	dpayout	dpayout	ADP
ajfa-13651	139	4	2150	2150	NUM
ajfa-13651	139	5	0.4272	0.4272	NUM
ajfa-13651	139	6	0.4712	0.4712	NUM
ajfa-13651	139	7	-0.5	-0.5	NUM
ajfa-13651	139	8	6.04	6.04	NUM
ajfa-13651	139	9	dpsr	dpsr	NOUN
ajfa-13651	139	10	2150	2150	NUM
ajfa-13651	139	11	0.1243	0.1243	NUM
ajfa-13651	139	12	0.1968	0.1968	NUM
ajfa-13651	139	13	0	0	NUM
ajfa-13651	139	14	6.6	6.6	NUM
ajfa-13651	139	15	roa	roa	NOUN
ajfa-13651	139	16	2150	2150	NUM
ajfa-13651	139	17	0.0680	0.0680	NUM
ajfa-13651	139	18	0.0931	0.0931	NUM
ajfa-13651	139	19	-1.72	-1.72	NUM
ajfa-13651	139	20	0.78	0.78	NUM
ajfa-13651	139	21	size	size	NOUN
ajfa-13651	139	22	2150	2150	NUM
ajfa-13651	139	23	13.5388	13.5388	NUM
ajfa-13651	139	24	1.3897	1.3897	NUM
ajfa-13651	139	25	8.63	8.63	NUM
ajfa-13651	139	26	18.32	18.32	NUM
ajfa-13651	139	27	dlf	dlf	PROPN
ajfa-13651	139	28	2150	2150	NUM
ajfa-13651	139	29	0.4713	0.4713	NUM
ajfa-13651	139	30	0.2128	0.2128	NUM
ajfa-13651	139	31	0	0	NUM
ajfa-13651	139	32	1.06	1.06	NUM
ajfa-13651	139	33	grow	grow	VERB
ajfa-13651	139	34	2150	2150	NUM
ajfa-13651	139	35	0.3286	0.3286	NUM
ajfa-13651	140	1	1.3973	1.3973	NUM
ajfa-13651	140	2	-0.99	-0.99	NUM
ajfa-13651	140	3	18.2	18.2	NUM
ajfa-13651	140	4	source	source	NOUN
ajfa-13651	140	5	:	:	PUNCT
ajfa-13651	140	6	data	datum	NOUN
ajfa-13651	140	7	extracted	extract	VERB
ajfa-13651	140	8	from	from	ADP
ajfa-13651	140	9	financial	financial	ADJ
ajfa-13651	140	10	statements	statement	NOUN
ajfa-13651	140	11	and	and	CCONJ
ajfa-13651	140	12	calculated	calculate	VERB
ajfa-13651	140	13	from	from	ADP
ajfa-13651	140	14	stata	stata	NOUN
ajfa-13651	140	15	13.0	13.0	NUM
ajfa-13651	140	16	by	by	ADP
ajfa-13651	140	17	author	author	NOUN
ajfa-13651	140	18	the	the	DET
ajfa-13651	140	19	correlation	correlation	NOUN
ajfa-13651	140	20	coefficients	coefficient	NOUN
ajfa-13651	140	21	matrix	matrix	NOUN
ajfa-13651	140	22	among	among	ADP
ajfa-13651	140	23	variables	variable	NOUN
ajfa-13651	140	24	is	be	AUX
ajfa-13651	140	25	used	use	VERB
ajfa-13651	140	26	to	to	PART
ajfa-13651	140	27	analyze	analyze	VERB
ajfa-13651	140	28	and	and	CCONJ
ajfa-13651	140	29	examine	examine	VERB
ajfa-13651	140	30	the	the	DET
ajfa-13651	140	31	probability	probability	NOUN
ajfa-13651	140	32	of	of	ADP
ajfa-13651	140	33	multicollinearity	multicollinearity	NOUN
ajfa-13651	140	34	occurrence	occurrence	NOUN
ajfa-13651	140	35	.	.	PUNCT
ajfa-13651	141	1	based	base	VERB
ajfa-13651	141	2	on	on	ADP
ajfa-13651	141	3	the	the	DET
ajfa-13651	141	4	data	datum	NOUN
ajfa-13651	141	5	on	on	ADP
ajfa-13651	141	6	table	table	NOUN
ajfa-13651	141	7	4	4	NUM
ajfa-13651	141	8	,	,	PUNCT
ajfa-13651	141	9	the	the	DET
ajfa-13651	141	10	likelihood	likelihood	NOUN
ajfa-13651	141	11	of	of	ADP
ajfa-13651	141	12	multicollinearity	multicollinearity	NOUN
ajfa-13651	141	13	in	in	ADP
ajfa-13651	141	14	the	the	DET
ajfa-13651	141	15	regression	regression	NOUN
ajfa-13651	141	16	model	model	NOUN
ajfa-13651	141	17	is	be	AUX
ajfa-13651	141	18	small	small	ADJ
ajfa-13651	141	19	because	because	SCONJ
ajfa-13651	141	20	most	most	ADJ
ajfa-13651	141	21	of	of	ADP
ajfa-13651	141	22	the	the	DET
ajfa-13651	141	23	correlations	correlation	NOUN
ajfa-13651	141	24	among	among	ADP
ajfa-13651	141	25	variables	variable	NOUN
ajfa-13651	141	26	are	be	AUX
ajfa-13651	141	27	relatively	relatively	ADV
ajfa-13651	141	28	small	small	ADJ
ajfa-13651	141	29	.	.	PUNCT
ajfa-13651	142	1	none	none	NOUN
ajfa-13651	142	2	of	of	ADP
ajfa-13651	142	3	the	the	DET
ajfa-13651	142	4	cases	case	NOUN
ajfa-13651	142	5	have	have	VERB
ajfa-13651	142	6	the	the	DET
ajfa-13651	142	7	absolute	absolute	ADJ
ajfa-13651	142	8	value	value	NOUN
ajfa-13651	142	9	exceeds	exceed	VERB
ajfa-13651	142	10	0.6	0.6	NUM
ajfa-13651	142	11	table	table	NOUN
ajfa-13651	142	12	4	4	NUM
ajfa-13651	142	13	.	.	PUNCT
ajfa-13651	143	1	correlation	correlation	NOUN
ajfa-13651	143	2	coefficients	coefficient	NOUN
ajfa-13651	143	3	matrix	matrix	NOUN
ajfa-13651	143	4	dpayout	dpayout	ADP
ajfa-13651	143	5	dpsr	dpsr	NOUN
ajfa-13651	143	6	roa	roa	PROPN
ajfa-13651	143	7	size	size	NOUN
ajfa-13651	143	8	dlf	dlf	PROPN
ajfa-13651	143	9	grow	grow	VERB
ajfa-13651	143	10	dpayout	dpayout	ADP
ajfa-13651	143	11	1	1	NUM
ajfa-13651	143	12	dpsr	dpsr	NOUN
ajfa-13651	143	13	0.4279	0.4279	NUM
ajfa-13651	143	14	*	*	SYM
ajfa-13651	143	15	1	1	NUM
ajfa-13651	143	16	roa	roa	NOUN
ajfa-13651	143	17	0.1476	0.1476	NUM
ajfa-13651	143	18	*	*	NOUN
ajfa-13651	143	19	0.4268	0.4268	NUM
ajfa-13651	143	20	*	*	SYM
ajfa-13651	143	21	1	1	NUM
ajfa-13651	143	22	size	size	NOUN
ajfa-13651	143	23	0.0444	0.0444	NUM
ajfa-13651	143	24	*	*	NOUN
ajfa-13651	143	25	0.1401	0.1401	NUM
ajfa-13651	143	26	*	*	SYM
ajfa-13651	143	27	0.1171	0.1171	NUM
ajfa-13651	143	28	*	*	SYM
ajfa-13651	143	29	1	1	NUM
ajfa-13651	143	30	dlf	dlf	PROPN
ajfa-13651	143	31	-0.0694	-0.0694	PROPN
ajfa-13651	143	32	*	*	PUNCT
ajfa-13651	143	33	-0.1365	-0.1365	PROPN
ajfa-13651	143	34	*	*	PUNCT
ajfa-13651	143	35	-0.3758	-0.3758	PROPN
ajfa-13651	144	1	*	*	X
ajfa-13651	144	2	0.3227	0.3227	NUM
ajfa-13651	144	3	*	*	SYM
ajfa-13651	144	4	1	1	NUM
ajfa-13651	144	5	grow	grow	NOUN
ajfa-13651	144	6	-0.0302	-0.0302	NOUN
ajfa-13651	144	7	-0.0042	-0.0042	PUNCT
ajfa-13651	145	1	0.0951	0.0951	NUM
ajfa-13651	145	2	*	*	PUNCT
ajfa-13651	145	3	0.0986	0.0986	NUM
ajfa-13651	145	4	*	*	PUNCT
ajfa-13651	145	5	0.0021	0.0021	NUM
ajfa-13651	145	6	1	1	NUM
ajfa-13651	145	7	source	source	NOUN
ajfa-13651	145	8	:	:	PUNCT
ajfa-13651	145	9	data	datum	NOUN
ajfa-13651	145	10	extracted	extract	VERB
ajfa-13651	145	11	from	from	ADP
ajfa-13651	145	12	financial	financial	ADJ
ajfa-13651	145	13	statements	statement	NOUN
ajfa-13651	145	14	and	and	CCONJ
ajfa-13651	145	15	calculated	calculate	VERB
ajfa-13651	145	16	from	from	ADP
ajfa-13651	145	17	stata	stata	NOUN
ajfa-13651	145	18	13.0	13.0	NUM
ajfa-13651	145	19	by	by	ADP
ajfa-13651	145	20	author	author	NOUN
ajfa-13651	145	21	based	base	VERB
ajfa-13651	145	22	on	on	ADP
ajfa-13651	145	23	the	the	DET
ajfa-13651	145	24	regression	regression	NOUN
ajfa-13651	145	25	result	result	NOUN
ajfa-13651	145	26	(	(	PUNCT
ajfa-13651	145	27	table	table	NOUN
ajfa-13651	145	28	5	5	NUM
ajfa-13651	145	29	,	,	PUNCT
ajfa-13651	145	30	table	table	NOUN
ajfa-13651	145	31	6	6	NUM
ajfa-13651	145	32	)	)	PUNCT
ajfa-13651	145	33	with	with	ADP
ajfa-13651	145	34	the	the	DET
ajfa-13651	145	35	two	two	NUM
ajfa-13651	145	36	dependent	dependent	ADJ
ajfa-13651	145	37	variables	variable	NOUN
ajfa-13651	145	38	namely	namely	ADV
ajfa-13651	145	39	dividend	dividend	VERB
ajfa-13651	145	40	payout	payout	NOUN
ajfa-13651	145	41	and	and	CCONJ
ajfa-13651	145	42	dividend	dividend	NOUN
ajfa-13651	145	43	per	per	ADP
ajfa-13651	145	44	share	share	NOUN
ajfa-13651	145	45	ratio	ratio	NOUN
ajfa-13651	145	46	to	to	PART
ajfa-13651	145	47	consider	consider	VERB
ajfa-13651	145	48	and	and	CCONJ
ajfa-13651	145	49	select	select	VERB
ajfa-13651	145	50	the	the	DET
ajfa-13651	145	51	appropriate	appropriate	ADJ
ajfa-13651	145	52	model	model	NOUN
ajfa-13651	145	53	among	among	ADP
ajfa-13651	145	54	three	three	NUM
ajfa-13651	145	55	regression	regression	NOUN
ajfa-13651	145	56	methods	method	NOUN
ajfa-13651	145	57	,	,	PUNCT
ajfa-13651	145	58	the	the	DET
ajfa-13651	145	59	author	author	NOUN
ajfa-13651	145	60	use	use	VERB
ajfa-13651	145	61	f	f	PROPN
ajfa-13651	145	62	and	and	CCONJ
ajfa-13651	145	63	hausman	hausman	PROPN
ajfa-13651	145	64	testing	testing	NOUN
ajfa-13651	145	65	.	.	PUNCT
ajfa-13651	146	1	using	use	VERB
ajfa-13651	146	2	the	the	DET
ajfa-13651	146	3	f	f	PROPN
ajfa-13651	146	4	test	test	NOUN
ajfa-13651	146	5	,	,	PUNCT
ajfa-13651	146	6	we	we	PRON
ajfa-13651	146	7	see	see	VERB
ajfa-13651	146	8	prob	prob	PROPN
ajfa-13651	146	9	>	>	X
ajfa-13651	146	10	f	f	PROPN
ajfa-13651	147	1	=	=	PUNCT
ajfa-13651	147	2	0.000	0.000	NUM
ajfa-13651	147	3	<	<	X
ajfa-13651	147	4	α	α	X
ajfa-13651	147	5	=	=	SYM
ajfa-13651	147	6	5	5	NUM
ajfa-13651	147	7	%	%	NOUN
ajfa-13651	147	8	,	,	PUNCT
ajfa-13651	147	9	thus	thus	ADV
ajfa-13651	147	10	with	with	ADP
ajfa-13651	147	11	the	the	DET
ajfa-13651	147	12	significance	significance	NOUN
ajfa-13651	147	13	level	level	NOUN
ajfa-13651	147	14	of	of	ADP
ajfa-13651	147	15	5	5	NUM
ajfa-13651	147	16	we	we	PRON
ajfa-13651	147	17	reject	reject	VERB
ajfa-13651	147	18	h0	h0	PROPN
ajfa-13651	147	19	.	.	PUNCT
ajfa-13651	148	1	it	it	PRON
ajfa-13651	148	2	means	mean	VERB
ajfa-13651	148	3	that	that	SCONJ
ajfa-13651	148	4	with	with	SCONJ
ajfa-13651	148	5	the	the	DET
ajfa-13651	148	6	data	datum	NOUN
ajfa-13651	148	7	collected	collect	VERB
ajfa-13651	148	8	,	,	PUNCT
ajfa-13651	148	9	fem	fem	NOUN
ajfa-13651	148	10	model	model	NOUN
ajfa-13651	148	11	is	be	AUX
ajfa-13651	148	12	appropriate	appropriate	ADJ
ajfa-13651	148	13	,	,	PUNCT
ajfa-13651	148	14	pool	pool	NOUN
ajfa-13651	148	15	is	be	AUX
ajfa-13651	148	16	inappropriate	inappropriate	ADJ
ajfa-13651	148	17	because	because	SCONJ
ajfa-13651	148	18	of	of	ADP
ajfa-13651	148	19	fixed	fix	VERB
ajfa-13651	148	20	effects	effect	NOUN
ajfa-13651	148	21	existence	existence	NOUN
ajfa-13651	148	22	in	in	ADP
ajfa-13651	148	23	each	each	DET
ajfa-13651	148	24	enterprise	enterprise	NOUN
ajfa-13651	148	25	over	over	ADP
ajfa-13651	148	26	time	time	NOUN
ajfa-13651	148	27	.	.	PUNCT
ajfa-13651	149	1	after	after	ADP
ajfa-13651	149	2	selecting	select	VERB
ajfa-13651	149	3	the	the	DET
ajfa-13651	149	4	fem	fem	NOUN
ajfa-13651	149	5	model	model	NOUN
ajfa-13651	149	6	instead	instead	ADV
ajfa-13651	149	7	of	of	ADP
ajfa-13651	149	8	the	the	DET
ajfa-13651	149	9	pool	pool	NOUN
ajfa-13651	149	10	method	method	NOUN
ajfa-13651	149	11	,	,	PUNCT
ajfa-13651	149	12	the	the	DET
ajfa-13651	149	13	authors	author	NOUN
ajfa-13651	149	14	in	in	ADP
ajfa-13651	149	15	turn	turn	NOUN
ajfa-13651	149	16	evaluated	evaluate	VERB
ajfa-13651	149	17	the	the	DET
ajfa-13651	149	18	existing	exist	VERB
ajfa-13651	149	19	tabular	tabular	ADJ
ajfa-13651	149	20	data	datum	NOUN
ajfa-13651	149	21	based	base	VERB
ajfa-13651	149	22	on	on	ADP
ajfa-13651	149	23	fem	fem	NOUN
ajfa-13651	149	24	and	and	CCONJ
ajfa-13651	149	25	rem	rem	PROPN
ajfa-13651	149	26	.	.	PROPN
ajfa-13651	149	27	from	from	ADP
ajfa-13651	149	28	the	the	DET
ajfa-13651	149	29	fem	fem	NOUN
ajfa-13651	149	30	and	and	CCONJ
ajfa-13651	149	31	rem	rem	NOUN
ajfa-13651	149	32	results	result	NOUN
ajfa-13651	149	33	,	,	PUNCT
ajfa-13651	149	34	the	the	DET
ajfa-13651	149	35	hausman	hausman	ADJ
ajfa-13651	149	36	test	test	NOUN
ajfa-13651	149	37	will	will	AUX
ajfa-13651	149	38	be	be	AUX
ajfa-13651	149	39	use	use	NOUN
ajfa-13651	149	40	to	to	PART
ajfa-13651	149	41	compare	compare	VERB
ajfa-13651	149	42	fem	fem	NOUN
ajfa-13651	149	43	and	and	CCONJ
ajfa-13651	149	44	rem	rem	PROPN
ajfa-13651	149	45	.	.	PROPN
ajfa-13651	149	46	hausman	hausman	PROPN
ajfa-13651	149	47	's	's	PART
ajfa-13651	149	48	test	test	NOUN
ajfa-13651	149	49	results	result	NOUN
ajfa-13651	149	50	are	be	AUX
ajfa-13651	149	51	presented	present	VERB
ajfa-13651	149	52	in	in	ADP
ajfa-13651	149	53	table	table	NOUN
ajfa-13651	149	54	5	5	NUM
ajfa-13651	149	55	,	,	PUNCT
ajfa-13651	149	56	table	table	NOUN
ajfa-13651	149	57	6	6	NUM
ajfa-13651	149	58	,	,	PUNCT
ajfa-13651	149	59	which	which	PRON
ajfa-13651	149	60	shows	show	VERB
ajfa-13651	149	61	that	that	SCONJ
ajfa-13651	149	62	prob	prob	PROPN
ajfa-13651	149	63	>	>	X
ajfa-13651	149	64	chi2	chi2	PROPN
ajfa-13651	149	65	=	=	PUNCT
ajfa-13651	150	1	0.0000	0.0000	NUM
ajfa-13651	150	2	<	<	X
ajfa-13651	150	3	5	5	NUM
ajfa-13651	150	4	%	%	NOUN
ajfa-13651	150	5	,	,	PUNCT
ajfa-13651	150	6	thus	thus	ADV
ajfa-13651	150	7	h0	h0	ADJ
ajfa-13651	150	8	hypothesis	hypothesis	NOUN
ajfa-13651	150	9	will	will	AUX
ajfa-13651	150	10	be	be	AUX
ajfa-13651	150	11	rejected	reject	VERB
ajfa-13651	150	12	.	.	PUNCT
ajfa-13651	151	1	that	that	PRON
ajfa-13651	151	2	is	be	AUX
ajfa-13651	151	3	the	the	DET
ajfa-13651	151	4	fixed	fix	VERB
ajfa-13651	151	5	-	-	PUNCT
ajfa-13651	151	6	effects	effect	NOUN
ajfa-13651	151	7	estimation	estimation	NOUN
ajfa-13651	151	8	(	(	PUNCT
ajfa-13651	151	9	fem	fem	NOUN
ajfa-13651	151	10	)	)	PUNCT
ajfa-13651	151	11	is	be	AUX
ajfa-13651	151	12	suitable	suitable	ADJ
ajfa-13651	151	13	than	than	ADP
ajfa-13651	151	14	the	the	DET
ajfa-13651	151	15	random	random	ADJ
ajfa-13651	151	16	effects	effect	NOUN
ajfa-13651	151	17	estimation	estimation	NOUN
ajfa-13651	151	18	(	(	PUNCT
ajfa-13651	151	19	rem	rem	NOUN
ajfa-13651	151	20	)	)	PUNCT
ajfa-13651	151	21	.	.	PUNCT
ajfa-13651	152	1	however	however	ADV
ajfa-13651	152	2	,	,	PUNCT
ajfa-13651	152	3	before	before	ADP
ajfa-13651	152	4	analyzing	analyze	VERB
ajfa-13651	152	5	in	in	ADP
ajfa-13651	152	6	detail	detail	NOUN
ajfa-13651	152	7	the	the	DET
ajfa-13651	152	8	factors	factor	NOUN
ajfa-13651	152	9	affecting	affect	VERB
ajfa-13651	152	10	the	the	DET
ajfa-13651	152	11	dividend	dividend	NOUN
ajfa-13651	152	12	policy	policy	NOUN
ajfa-13651	152	13	,	,	PUNCT
ajfa-13651	152	14	the	the	DET
ajfa-13651	152	15	author	author	NOUN
ajfa-13651	152	16	will	will	AUX
ajfa-13651	152	17	use	use	VERB
ajfa-13651	152	18	two	two	NUM
ajfa-13651	152	19	tests	test	NOUN
ajfa-13651	152	20	(	(	PUNCT
ajfa-13651	152	21	heteroscedasticity	heteroscedasticity	NOUN
ajfa-13651	152	22	,	,	PUNCT
ajfa-13651	152	23	autocorrelation	autocorrelation	NOUN
ajfa-13651	152	24	)	)	PUNCT
ajfa-13651	152	25	and	and	CCONJ
ajfa-13651	152	26	make	make	VERB
ajfa-13651	152	27	necessary	necessary	ADJ
ajfa-13651	152	28	corrections	correction	NOUN
ajfa-13651	152	29	to	to	PART
ajfa-13651	152	30	overcome	overcome	VERB
ajfa-13651	152	31	restrictions	restriction	NOUN
ajfa-13651	152	32	of	of	ADP
ajfa-13651	152	33	the	the	DET
ajfa-13651	152	34	model	model	NOUN
ajfa-13651	152	35	.	.	PUNCT
ajfa-13651	153	1	asian	asian	ADJ
ajfa-13651	153	2	journal	journal	PROPN
ajfa-13651	153	3	of	of	ADP
ajfa-13651	153	4	finance	finance	PROPN
ajfa-13651	153	5	&	&	CCONJ
ajfa-13651	153	6	accounting	accounting	PROPN
ajfa-13651	153	7	issn	issn	PROPN
ajfa-13651	153	8	1946	1946	NUM
ajfa-13651	153	9	-	-	PUNCT
ajfa-13651	153	10	052x	052x	NOUN
ajfa-13651	153	11	2018	2018	NUM
ajfa-13651	153	12	,	,	PUNCT
ajfa-13651	153	13	vol	vol	NOUN
ajfa-13651	153	14	.	.	PROPN
ajfa-13651	154	1	10	10	NUM
ajfa-13651	154	2	,	,	PUNCT
ajfa-13651	154	3	no	no	INTJ
ajfa-13651	154	4	.	.	NOUN
ajfa-13651	154	5	2	2	NUM
ajfa-13651	154	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	154	7	24	24	NUM
ajfa-13651	154	8	table	table	NOUN
ajfa-13651	154	9	5	5	NUM
ajfa-13651	154	10	.	.	PUNCT
ajfa-13651	155	1	estimation	estimation	NOUN
ajfa-13651	155	2	results	result	NOUN
ajfa-13651	155	3	with	with	ADP
ajfa-13651	155	4	dividend	dividend	NOUN
ajfa-13651	155	5	payout	payout	NOUN
ajfa-13651	155	6	ratio	ratio	NOUN
ajfa-13651	155	7	vif	vif	PROPN
ajfa-13651	155	8	pool	pool	PROPN
ajfa-13651	155	9	rem	rem	PUNCT
ajfa-13651	155	10	fem	fem	NOUN
ajfa-13651	155	11	gls	gls	PROPN
ajfa-13651	155	12	roa	roa	PROPN
ajfa-13651	155	13	1.28	1.28	NUM
ajfa-13651	155	14	0.273	0.273	NUM
ajfa-13651	155	15	*	*	PUNCT
ajfa-13651	155	16	*	*	PUNCT
ajfa-13651	155	17	0.273	0.273	NUM
ajfa-13651	155	18	*	*	NOUN
ajfa-13651	155	19	*	*	NOUN
ajfa-13651	155	20	-0.0806	-0.0806	NOUN
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ajfa-13651	155	22	*	*	PUNCT
ajfa-13651	155	23	*	*	PUNCT
ajfa-13651	155	24	*	*	PUNCT
ajfa-13651	155	25	size	size	NOUN
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ajfa-13651	155	27	0.0190	0.0190	NUM
ajfa-13651	155	28	*	*	NOUN
ajfa-13651	155	29	0.0190	0.0190	NUM
ajfa-13651	155	30	*	*	NUM
ajfa-13651	155	31	0.0211	0.0211	NUM
ajfa-13651	155	32	0.0149	0.0149	NUM
ajfa-13651	155	33	*	*	SYM
ajfa-13651	155	34	dlf	dlf	PROPN
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ajfa-13651	155	36	-0.0827	-0.0827	PROPN
ajfa-13651	155	37	-0.0827	-0.0827	PROPN
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ajfa-13651	155	41	1.02	1.02	NUM
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ajfa-13651	155	43	-0.00954	-0.00954	PROPN
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ajfa-13651	156	1	*	*	PUNCT
ajfa-13651	156	2	*	*	PUNCT
ajfa-13651	156	3	_	_	PUNCT
ajfa-13651	156	4	cons	con	NOUN
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ajfa-13651	156	6	0.19	0.19	NUM
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ajfa-13651	156	9	*	*	PUNCT
ajfa-13651	156	10	*	*	PROPN
ajfa-13651	156	11	n	n	PROPN
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ajfa-13651	156	13	2150	2150	NUM
ajfa-13651	156	14	2150	2150	NUM
ajfa-13651	156	15	2150	2150	NUM
ajfa-13651	157	1	r	r	X
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ajfa-13651	157	5	0.1097	0.1097	NUM
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ajfa-13651	157	10	chi2(4	chi2(4	PROPN
ajfa-13651	157	11	)	)	PUNCT
ajfa-13651	157	12	=	=	PUNCT
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ajfa-13651	157	15	chi2(4	chi2(4	PROPN
ajfa-13651	157	16	)	)	PUNCT
ajfa-13651	157	17	=	=	PUNCT
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ajfa-13651	157	20	chi2(4	chi2(4	PROPN
ajfa-13651	157	21	)	)	PUNCT
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ajfa-13651	157	24	prob	prob	NOUN
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ajfa-13651	157	26	chi2	chi2	PROPN
ajfa-13651	157	27	=	=	NOUN
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ajfa-13651	157	29	prob	prob	NOUN
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ajfa-13651	157	31	chi2	chi2	PROPN
ajfa-13651	157	32	=	=	NOUN
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ajfa-13651	157	34	prob	prob	NOUN
ajfa-13651	157	35	>	>	X
ajfa-13651	157	36	chi2	chi2	PROPN
ajfa-13651	157	37	=	=	SYM
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ajfa-13651	157	43	=	=	SYM
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ajfa-13651	157	45	prob	prob	NOUN
ajfa-13651	157	46	>	>	X
ajfa-13651	157	47	f	f	PROPN
ajfa-13651	157	48	=	=	SYM
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ajfa-13651	157	52	chi2(4	chi2(4	PROPN
ajfa-13651	157	53	)	)	PUNCT
ajfa-13651	157	54	=	=	PROPN
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ajfa-13651	157	59	=	=	SYM
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ajfa-13651	157	65	1	1	NUM
ajfa-13651	157	66	,	,	PUNCT
ajfa-13651	157	67	252	252	NUM
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ajfa-13651	157	69	=	=	SYM
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ajfa-13651	157	71	prob	prob	NOUN
ajfa-13651	157	72	>	>	X
ajfa-13651	157	73	f	f	PROPN
ajfa-13651	157	74	=	=	SYM
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ajfa-13651	157	79	chi2	chi2	PROPN
ajfa-13651	157	80	(	(	PUNCT
ajfa-13651	157	81	256	256	NUM
ajfa-13651	157	82	)	)	PUNCT
ajfa-13651	157	83	=	=	SYM
ajfa-13651	157	84	4.6e+06	4.6e+06	NUM
ajfa-13651	157	85	prob	prob	NOUN
ajfa-13651	157	86	>	>	X
ajfa-13651	157	87	chi2	chi2	PROPN
ajfa-13651	157	88	=	=	SYM
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ajfa-13651	157	90	t	t	NOUN
ajfa-13651	157	91	statistics	statistic	NOUN
ajfa-13651	157	92	in	in	ADP
ajfa-13651	157	93	brackets	bracket	NOUN
ajfa-13651	157	94	*	*	PUNCT
ajfa-13651	157	95	p<0.1	p<0.1	NUM
ajfa-13651	157	96	,	,	PUNCT
ajfa-13651	157	97	*	*	PUNCT
ajfa-13651	157	98	*	*	PUNCT
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ajfa-13651	157	100	,	,	PUNCT
ajfa-13651	157	101	*	*	PUNCT
ajfa-13651	157	102	*	*	PUNCT
ajfa-13651	157	103	*	*	PUNCT
ajfa-13651	157	104	p<0.01	p<0.01	PROPN
ajfa-13651	157	105	source	source	NOUN
ajfa-13651	157	106	:	:	PUNCT
ajfa-13651	157	107	data	datum	NOUN
ajfa-13651	157	108	extracted	extract	VERB
ajfa-13651	157	109	from	from	ADP
ajfa-13651	157	110	financial	financial	ADJ
ajfa-13651	157	111	statements	statement	NOUN
ajfa-13651	157	112	and	and	CCONJ
ajfa-13651	157	113	calculated	calculate	VERB
ajfa-13651	157	114	from	from	ADP
ajfa-13651	157	115	stata	stata	NOUN
ajfa-13651	157	116	13.0	13.0	NUM
ajfa-13651	157	117	by	by	ADP
ajfa-13651	157	118	author	author	NOUN
ajfa-13651	157	119	asian	asian	PROPN
ajfa-13651	157	120	journal	journal	PROPN
ajfa-13651	157	121	of	of	ADP
ajfa-13651	157	122	finance	finance	PROPN
ajfa-13651	157	123	&	&	CCONJ
ajfa-13651	157	124	accounting	accounting	PROPN
ajfa-13651	157	125	issn	issn	PROPN
ajfa-13651	157	126	1946	1946	NUM
ajfa-13651	157	127	-	-	PUNCT
ajfa-13651	157	128	052x	052x	NOUN
ajfa-13651	157	129	2018	2018	NUM
ajfa-13651	157	130	,	,	PUNCT
ajfa-13651	157	131	vol	vol	NOUN
ajfa-13651	157	132	.	.	PROPN
ajfa-13651	157	133	10	10	NUM
ajfa-13651	157	134	,	,	PUNCT
ajfa-13651	157	135	no	no	INTJ
ajfa-13651	157	136	.	.	NOUN
ajfa-13651	157	137	2	2	NUM
ajfa-13651	157	138	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	157	139	25	25	NUM
ajfa-13651	157	140	table	table	NOUN
ajfa-13651	157	141	6	6	NUM
ajfa-13651	157	142	.	.	PUNCT
ajfa-13651	158	1	estimation	estimation	NOUN
ajfa-13651	158	2	results	result	NOUN
ajfa-13651	158	3	with	with	ADP
ajfa-13651	158	4	dividend	dividend	NOUN
ajfa-13651	158	5	per	per	ADP
ajfa-13651	158	6	share	share	NOUN
ajfa-13651	158	7	ratio	ratio	NOUN
ajfa-13651	158	8	vif	vif	PROPN
ajfa-13651	158	9	pool	pool	PROPN
ajfa-13651	158	10	rem	rem	PUNCT
ajfa-13651	158	11	fem	fem	NOUN
ajfa-13651	158	12	gls	gls	PROPN
ajfa-13651	158	13	roa	roa	PROPN
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ajfa-13651	158	16	*	*	PUNCT
ajfa-13651	158	17	*	*	PUNCT
ajfa-13651	158	18	*	*	NOUN
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ajfa-13651	158	20	*	*	PUNCT
ajfa-13651	158	21	*	*	PUNCT
ajfa-13651	158	22	*	*	PUNCT
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ajfa-13651	158	24	*	*	PUNCT
ajfa-13651	158	25	*	*	PUNCT
ajfa-13651	158	26	*	*	PUNCT
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ajfa-13651	158	28	*	*	PUNCT
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ajfa-13651	158	35	*	*	PUNCT
ajfa-13651	159	1	*	*	PUNCT
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ajfa-13651	160	2	*	*	PUNCT
ajfa-13651	160	3	*	*	PUNCT
ajfa-13651	160	4	*	*	PUNCT
ajfa-13651	161	1	0.0168	0.0168	NUM
ajfa-13651	161	2	*	*	PUNCT
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ajfa-13651	161	4	*	*	PUNCT
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ajfa-13651	161	7	*	*	PUNCT
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ajfa-13651	161	9	dlf	dlf	PROPN
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ajfa-13651	161	11	0.00126	0.00126	NUM
ajfa-13651	161	12	0.00126	0.00126	NUM
ajfa-13651	161	13	0.129	0.129	NUM
ajfa-13651	161	14	*	*	PUNCT
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ajfa-13651	161	16	*	*	AUX
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ajfa-13651	161	18	grow	grow	VERB
ajfa-13651	161	19	1.02	1.02	NUM
ajfa-13651	161	20	-0.00674	-0.00674	NOUN
ajfa-13651	161	21	*	*	PUNCT
ajfa-13651	161	22	*	*	PUNCT
ajfa-13651	161	23	-0.00674	-0.00674	X
ajfa-13651	162	1	*	*	PUNCT
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ajfa-13651	163	4	*	*	PUNCT
ajfa-13651	164	1	_	_	PUNCT
ajfa-13651	164	2	cons	con	NOUN
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ajfa-13651	164	4	*	*	PUNCT
ajfa-13651	164	5	*	*	PUNCT
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ajfa-13651	164	10	*	*	PUNCT
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ajfa-13651	164	18	n	n	NUM
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ajfa-13651	164	20	2150	2150	NUM
ajfa-13651	164	21	2150	2150	NUM
ajfa-13651	164	22	2150	2150	NUM
ajfa-13651	164	23	r	r	X
ajfa-13651	164	24	-	-	PUNCT
ajfa-13651	164	25	sq	sq	INTJ
ajfa-13651	164	26	0.6161	0.6161	NUM
ajfa-13651	164	27	0.6161	0.6161	NUM
ajfa-13651	164	28	lm	lm	ADJ
ajfa-13651	164	29	test	test	NOUN
ajfa-13651	164	30	wald	wald	X
ajfa-13651	164	31	chi2(4	chi2(4	PROPN
ajfa-13651	164	32	)	)	PUNCT
ajfa-13651	164	33	=	=	PUNCT
ajfa-13651	164	34	321.79	321.79	NUM
ajfa-13651	164	35	wald	wald	X
ajfa-13651	164	36	chi2(4	chi2(4	PROPN
ajfa-13651	164	37	)	)	PUNCT
ajfa-13651	164	38	=	=	PUNCT
ajfa-13651	164	39	321.79	321.79	NUM
ajfa-13651	164	40	wald	wald	X
ajfa-13651	164	41	chi2(4	chi2(4	PROPN
ajfa-13651	164	42	)	)	PUNCT
ajfa-13651	164	43	=	=	SYM
ajfa-13651	164	44	515.41	515.41	NUM
ajfa-13651	164	45	prob	prob	NOUN
ajfa-13651	164	46	>	>	X
ajfa-13651	164	47	chi2	chi2	PROPN
ajfa-13651	164	48	=	=	SYM
ajfa-13651	164	49	0.0000	0.0000	NUM
ajfa-13651	164	50	prob	prob	NOUN
ajfa-13651	164	51	>	>	X
ajfa-13651	164	52	chi2	chi2	PROPN
ajfa-13651	164	53	=	=	SYM
ajfa-13651	164	54	0.0000	0.0000	NUM
ajfa-13651	164	55	prob	prob	NOUN
ajfa-13651	164	56	>	>	X
ajfa-13651	164	57	chi2	chi2	PROPN
ajfa-13651	164	58	=	=	SYM
ajfa-13651	164	59	0.0000	0.0000	NUM
ajfa-13651	164	60	f	f	NOUN
ajfa-13651	164	61	test	test	NOUN
ajfa-13651	164	62	f(4,1890	f(4,1890	NOUN
ajfa-13651	164	63	)	)	PUNCT
ajfa-13651	164	64	=	=	SYM
ajfa-13651	164	65	21.09	21.09	NUM
ajfa-13651	164	66	prob	prob	NOUN
ajfa-13651	164	67	>	>	X
ajfa-13651	164	68	f	f	PROPN
ajfa-13651	164	69	=	=	SYM
ajfa-13651	164	70	0.0000	0.0000	NUM
ajfa-13651	164	71	hausman	hausman	ADJ
ajfa-13651	164	72	test	test	NOUN
ajfa-13651	164	73	chi2(4	chi2(4	PROPN
ajfa-13651	164	74	)	)	PUNCT
ajfa-13651	164	75	=	=	SYM
ajfa-13651	164	76	171.65	171.65	NUM
ajfa-13651	164	77	prob	prob	NOUN
ajfa-13651	164	78	>	>	X
ajfa-13651	164	79	chi2	chi2	PROPN
ajfa-13651	164	80	=	=	SYM
ajfa-13651	164	81	0.0000	0.0000	NUM
ajfa-13651	164	82	wooldridge	wooldridge	PROPN
ajfa-13651	164	83	test	test	NOUN
ajfa-13651	164	84	f	f	PROPN
ajfa-13651	164	85	(	(	PUNCT
ajfa-13651	164	86	1	1	NUM
ajfa-13651	164	87	,	,	PUNCT
ajfa-13651	164	88	252	252	NUM
ajfa-13651	164	89	)	)	PUNCT
ajfa-13651	164	90	=	=	SYM
ajfa-13651	164	91	5.582	5.582	NUM
ajfa-13651	164	92	prob	prob	NOUN
ajfa-13651	164	93	>	>	X
ajfa-13651	164	94	f	f	PROPN
ajfa-13651	165	1	=	=	SYM
ajfa-13651	165	2	0.0189	0.0189	NUM
ajfa-13651	165	3	modified	modify	VERB
ajfa-13651	165	4	wald	wald	NOUN
ajfa-13651	165	5	test	test	NOUN
ajfa-13651	165	6	chi2	chi2	PROPN
ajfa-13651	165	7	(	(	PUNCT
ajfa-13651	165	8	256	256	NUM
ajfa-13651	165	9	)	)	PUNCT
ajfa-13651	165	10	=	=	SYM
ajfa-13651	165	11	5.5e+05	5.5e+05	NUM
ajfa-13651	165	12	prob	prob	NOUN
ajfa-13651	165	13	>	>	X
ajfa-13651	165	14	chi2	chi2	PROPN
ajfa-13651	165	15	=	=	SYM
ajfa-13651	165	16	0.0000	0.0000	NUM
ajfa-13651	165	17	t	t	NOUN
ajfa-13651	165	18	statistics	statistic	NOUN
ajfa-13651	165	19	in	in	ADP
ajfa-13651	165	20	brackets	bracket	NOUN
ajfa-13651	165	21	*	*	PUNCT
ajfa-13651	165	22	p<0.1	p<0.1	NUM
ajfa-13651	165	23	,	,	PUNCT
ajfa-13651	165	24	*	*	PUNCT
ajfa-13651	165	25	*	*	PUNCT
ajfa-13651	165	26	p<0.05	p<0.05	NOUN
ajfa-13651	165	27	,	,	PUNCT
ajfa-13651	165	28	*	*	PUNCT
ajfa-13651	165	29	*	*	PUNCT
ajfa-13651	165	30	*	*	PUNCT
ajfa-13651	165	31	p<0.01	p<0.01	PROPN
ajfa-13651	165	32	source	source	NOUN
ajfa-13651	165	33	:	:	PUNCT
ajfa-13651	165	34	data	datum	NOUN
ajfa-13651	165	35	extracted	extract	VERB
ajfa-13651	165	36	from	from	ADP
ajfa-13651	165	37	financial	financial	ADJ
ajfa-13651	165	38	statements	statement	NOUN
ajfa-13651	165	39	and	and	CCONJ
ajfa-13651	165	40	calculated	calculate	VERB
ajfa-13651	165	41	from	from	ADP
ajfa-13651	165	42	stata	stata	NOUN
ajfa-13651	165	43	13.0	13.0	NUM
ajfa-13651	165	44	by	by	ADP
ajfa-13651	165	45	author	author	NOUN
ajfa-13651	165	46	to	to	PART
ajfa-13651	165	47	test	test	VERB
ajfa-13651	165	48	whether	whether	SCONJ
ajfa-13651	165	49	or	or	CCONJ
ajfa-13651	165	50	not	not	PART
ajfa-13651	165	51	the	the	DET
ajfa-13651	165	52	model	model	NOUN
ajfa-13651	165	53	has	have	VERB
ajfa-13651	165	54	heteroscedasticity	heteroscedasticity	NOUN
ajfa-13651	165	55	,	,	PUNCT
ajfa-13651	165	56	the	the	DET
ajfa-13651	165	57	authors	author	NOUN
ajfa-13651	165	58	used	use	VERB
ajfa-13651	165	59	the	the	DET
ajfa-13651	165	60	breusch	breusch	NOUN
ajfa-13651	165	61	and	and	CCONJ
ajfa-13651	165	62	pagan	pagan	VERB
ajfa-13651	165	63	test	test	NOUN
ajfa-13651	165	64	.	.	PUNCT
ajfa-13651	166	1	under	under	ADP
ajfa-13651	166	2	the	the	DET
ajfa-13651	166	3	assumption	assumption	NOUN
ajfa-13651	166	4	h0	h0	NOUN
ajfa-13651	166	5	:	:	PUNCT
ajfa-13651	166	6	there	there	PRON
ajfa-13651	166	7	is	be	VERB
ajfa-13651	166	8	no	no	DET
ajfa-13651	166	9	heteroscedasticity	heteroscedasticity	NOUN
ajfa-13651	166	10	,	,	PUNCT
ajfa-13651	166	11	h1	h1	PROPN
ajfa-13651	166	12	:	:	PUNCT
ajfa-13651	166	13	there	there	PRON
ajfa-13651	166	14	is	be	VERB
ajfa-13651	166	15	heteroscedasticity	heteroscedasticity	NOUN
ajfa-13651	166	16	.	.	PUNCT
ajfa-13651	167	1	the	the	DET
ajfa-13651	167	2	p	p	NOUN
ajfa-13651	167	3	-	-	PUNCT
ajfa-13651	167	4	value	value	NOUN
ajfa-13651	167	5	received	receive	VERB
ajfa-13651	167	6	is	be	AUX
ajfa-13651	167	7	0.0000	0.0000	NUM
ajfa-13651	167	8	<	<	X
ajfa-13651	167	9	α	α	X
ajfa-13651	167	10	(	(	PUNCT
ajfa-13651	167	11	5	5	NUM
ajfa-13651	167	12	%	%	NOUN
ajfa-13651	167	13	)	)	PUNCT
ajfa-13651	167	14	,	,	PUNCT
ajfa-13651	167	15	which	which	PRON
ajfa-13651	167	16	implies	imply	VERB
ajfa-13651	167	17	that	that	SCONJ
ajfa-13651	167	18	there	there	PRON
ajfa-13651	167	19	is	be	VERB
ajfa-13651	167	20	heteroscedasticity	heteroscedasticity	NOUN
ajfa-13651	167	21	.	.	PUNCT
ajfa-13651	168	1	the	the	DET
ajfa-13651	168	2	wooldridge	wooldridge	PROPN
ajfa-13651	168	3	test	test	NOUN
ajfa-13651	168	4	is	be	AUX
ajfa-13651	168	5	used	use	VERB
ajfa-13651	168	6	to	to	PART
ajfa-13651	168	7	test	test	VERB
ajfa-13651	168	8	whether	whether	SCONJ
ajfa-13651	168	9	or	or	CCONJ
ajfa-13651	168	10	not	not	PART
ajfa-13651	168	11	the	the	DET
ajfa-13651	168	12	model	model	NOUN
ajfa-13651	168	13	has	have	VERB
ajfa-13651	168	14	autocorrelation	autocorrelation	NOUN
ajfa-13651	168	15	.	.	PUNCT
ajfa-13651	169	1	the	the	DET
ajfa-13651	169	2	value	value	NOUN
ajfa-13651	169	3	p	p	NOUN
ajfa-13651	169	4	-	-	PUNCT
ajfa-13651	169	5	value	value	NOUN
ajfa-13651	169	6	=	=	NOUN
ajfa-13651	169	7	0.0000	0.0000	NUM
ajfa-13651	169	8	<	<	X
ajfa-13651	169	9	α	α	X
ajfa-13651	169	10	=	=	NOUN
ajfa-13651	169	11	0.05	0.05	NUM
ajfa-13651	169	12	,	,	PUNCT
ajfa-13651	169	13	it	it	PRON
ajfa-13651	169	14	means	mean	VERB
ajfa-13651	169	15	that	that	SCONJ
ajfa-13651	169	16	h0	h0	NOUN
ajfa-13651	169	17	is	be	AUX
ajfa-13651	169	18	rejected	reject	VERB
ajfa-13651	169	19	so	so	SCONJ
ajfa-13651	169	20	the	the	DET
ajfa-13651	169	21	model	model	NOUN
ajfa-13651	169	22	has	have	VERB
ajfa-13651	169	23	autocorrelation	autocorrelation	NOUN
ajfa-13651	169	24	.	.	PUNCT
ajfa-13651	170	1	to	to	PART
ajfa-13651	170	2	overcome	overcome	VERB
ajfa-13651	170	3	these	these	DET
ajfa-13651	170	4	problems	problem	NOUN
ajfa-13651	170	5	,	,	PUNCT
ajfa-13651	170	6	gls	gls	NOUN
ajfa-13651	170	7	method	method	NOUN
ajfa-13651	170	8	is	be	AUX
ajfa-13651	170	9	used	use	VERB
ajfa-13651	170	10	.	.	PUNCT
ajfa-13651	171	1	the	the	DET
ajfa-13651	171	2	results	result	NOUN
ajfa-13651	171	3	presented	present	VERB
ajfa-13651	171	4	in	in	ADP
ajfa-13651	171	5	table	table	NOUN
ajfa-13651	171	6	5	5	NUM
ajfa-13651	171	7	,	,	PUNCT
ajfa-13651	171	8	table	table	NOUN
ajfa-13651	171	9	6	6	NUM
ajfa-13651	171	10	are	be	AUX
ajfa-13651	171	11	the	the	DET
ajfa-13651	171	12	corrected	correct	VERB
ajfa-13651	171	13	results	result	NOUN
ajfa-13651	171	14	.	.	PUNCT
ajfa-13651	172	1	based	base	VERB
ajfa-13651	172	2	on	on	ADP
ajfa-13651	172	3	table	table	NOUN
ajfa-13651	172	4	8	8	NUM
ajfa-13651	172	5	,	,	PUNCT
ajfa-13651	172	6	the	the	DET
ajfa-13651	172	7	results	result	NOUN
ajfa-13651	172	8	of	of	ADP
ajfa-13651	172	9	the	the	DET
ajfa-13651	172	10	study	study	NOUN
ajfa-13651	172	11	on	on	ADP
ajfa-13651	172	12	the	the	DET
ajfa-13651	172	13	factors	factor	NOUN
ajfa-13651	172	14	influencing	influence	VERB
ajfa-13651	172	15	the	the	DET
ajfa-13651	172	16	dividend	dividend	NOUN
ajfa-13651	172	17	policy	policy	NOUN
ajfa-13651	172	18	.	.	PUNCT
ajfa-13651	173	1	as	as	ADP
ajfa-13651	173	2	a	a	DET
ajfa-13651	173	3	result	result	NOUN
ajfa-13651	173	4	of	of	ADP
ajfa-13651	173	5	the	the	DET
ajfa-13651	173	6	gls	gls	PROPN
ajfa-13651	173	7	model	model	NOUN
ajfa-13651	173	8	,	,	PUNCT
ajfa-13651	173	9	the	the	DET
ajfa-13651	173	10	return	return	NOUN
ajfa-13651	173	11	on	on	ADP
ajfa-13651	173	12	asset	asset	NOUN
ajfa-13651	173	13	(	(	PUNCT
ajfa-13651	173	14	roa	roa	PROPN
ajfa-13651	173	15	)	)	PUNCT
ajfa-13651	173	16	is	be	AUX
ajfa-13651	173	17	positively	positively	ADV
ajfa-13651	173	18	correlated	correlate	VERB
ajfa-13651	173	19	with	with	ADP
ajfa-13651	173	20	the	the	DET
ajfa-13651	173	21	corporate	corporate	ADJ
ajfa-13651	173	22	dividend	dividend	NOUN
ajfa-13651	173	23	policy	policy	NOUN
ajfa-13651	173	24	and	and	CCONJ
ajfa-13651	173	25	is	be	AUX
ajfa-13651	173	26	statistically	statistically	ADV
ajfa-13651	173	27	significant	significant	ADJ
ajfa-13651	173	28	at	at	ADP
ajfa-13651	173	29	1	1	NUM
ajfa-13651	173	30	%	%	NOUN
ajfa-13651	173	31	.	.	PUNCT
ajfa-13651	174	1	that	that	PRON
ajfa-13651	174	2	is	be	AUX
ajfa-13651	174	3	suitable	suitable	ADJ
ajfa-13651	174	4	with	with	ADP
ajfa-13651	174	5	the	the	DET
ajfa-13651	174	6	expected	expect	VERB
ajfa-13651	174	7	results	result	NOUN
ajfa-13651	174	8	.	.	PUNCT
ajfa-13651	175	1	this	this	DET
ajfa-13651	175	2	result	result	NOUN
ajfa-13651	175	3	is	be	AUX
ajfa-13651	175	4	consistent	consistent	ADJ
ajfa-13651	175	5	with	with	ADP
ajfa-13651	175	6	the	the	DET
ajfa-13651	175	7	results	result	NOUN
ajfa-13651	175	8	of	of	ADP
ajfa-13651	175	9	baker	baker	PROPN
ajfa-13651	175	10	&	&	CCONJ
ajfa-13651	175	11	powell	powell	PROPN
ajfa-13651	175	12	(	(	PUNCT
ajfa-13651	175	13	2000	2000	NUM
ajfa-13651	175	14	)	)	PUNCT
ajfa-13651	175	15	,	,	PUNCT
ajfa-13651	175	16	nizar	nizar	PROPN
ajfa-13651	175	17	al	al	PROPN
ajfa-13651	175	18	-	-	PUNCT
ajfa-13651	175	19	malkawi	malkawi	PROPN
ajfa-13651	175	20	(	(	PUNCT
ajfa-13651	175	21	2007	2007	NUM
ajfa-13651	175	22	)	)	PUNCT
ajfa-13651	175	23	,	,	PUNCT
ajfa-13651	175	24	nguyen	nguyen	NOUN
ajfa-13651	175	25	et	et	PROPN
ajfa-13651	175	26	al	al	PROPN
ajfa-13651	175	27	.	.	PROPN
ajfa-13651	176	1	(	(	PUNCT
ajfa-13651	176	2	2014	2014	NUM
ajfa-13651	176	3	)	)	PUNCT
ajfa-13651	176	4	and	and	CCONJ
ajfa-13651	176	5	t.m	t.m	PROPN
ajfa-13651	176	6	.	.	PROPN
ajfa-13651	176	7	nguyen	nguyen	PROPN
ajfa-13651	176	8	et	et	PROPN
ajfa-13651	177	1	al	al	PROPN
ajfa-13651	177	2	.	.	PROPN
ajfa-13651	177	3	,	,	PUNCT
ajfa-13651	177	4	(	(	PUNCT
ajfa-13651	177	5	2014	2014	NUM
ajfa-13651	177	6	)	)	PUNCT
ajfa-13651	177	7	.	.	PUNCT
ajfa-13651	178	1	asian	asian	ADJ
ajfa-13651	178	2	journal	journal	PROPN
ajfa-13651	178	3	of	of	ADP
ajfa-13651	178	4	finance	finance	PROPN
ajfa-13651	178	5	&	&	CCONJ
ajfa-13651	178	6	accounting	accounting	PROPN
ajfa-13651	178	7	issn	issn	PROPN
ajfa-13651	178	8	1946	1946	NUM
ajfa-13651	178	9	-	-	PUNCT
ajfa-13651	178	10	052x	052x	NOUN
ajfa-13651	178	11	2018	2018	NUM
ajfa-13651	178	12	,	,	PUNCT
ajfa-13651	178	13	vol	vol	NOUN
ajfa-13651	178	14	.	.	PROPN
ajfa-13651	178	15	10	10	NUM
ajfa-13651	178	16	,	,	PUNCT
ajfa-13651	178	17	no	no	INTJ
ajfa-13651	178	18	.	.	NOUN
ajfa-13651	178	19	2	2	NUM
ajfa-13651	178	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	178	21	26	26	NUM
ajfa-13651	178	22	table	table	NOUN
ajfa-13651	178	23	7	7	NUM
ajfa-13651	178	24	.	.	PUNCT
ajfa-13651	178	25	gls	gls	PROPN
ajfa-13651	178	26	estimation	estimation	NOUN
ajfa-13651	178	27	results	result	NOUN
ajfa-13651	178	28	dividend	dividend	VERB
ajfa-13651	178	29	payout	payout	ADJ
ajfa-13651	178	30	dividend	dividend	NOUN
ajfa-13651	178	31	per	per	ADP
ajfa-13651	178	32	share	share	NOUN
ajfa-13651	178	33	ratio	ratio	NOUN
ajfa-13651	178	34	roa	roa	PROPN
ajfa-13651	178	35	0.681	0.681	NUM
ajfa-13651	178	36	*	*	PUNCT
ajfa-13651	178	37	*	*	PUNCT
ajfa-13651	178	38	*	*	PUNCT
ajfa-13651	178	39	0.878	0.878	NUM
ajfa-13651	178	40	*	*	PUNCT
ajfa-13651	178	41	*	*	PUNCT
ajfa-13651	178	42	*	*	PUNCT
ajfa-13651	178	43	size	size	NOUN
ajfa-13651	178	44	0.0149	0.0149	NUM
ajfa-13651	178	45	*	*	SYM
ajfa-13651	178	46	0.0143	0.0143	NUM
ajfa-13651	178	47	*	*	PUNCT
ajfa-13651	178	48	*	*	PUNCT
ajfa-13651	178	49	*	*	PROPN
ajfa-13651	178	50	dlf	dlf	PROPN
ajfa-13651	178	51	-0.0728	-0.0728	NOUN
ajfa-13651	178	52	-0.0119	-0.0119	PROPN
ajfa-13651	178	53	grow	grow	VERB
ajfa-13651	178	54	-0.0159	-0.0159	PROPN
ajfa-13651	178	55	*	*	PUNCT
ajfa-13651	178	56	*	*	PUNCT
ajfa-13651	178	57	-0.00755	-0.00755	NOUN
ajfa-13651	178	58	*	*	PUNCT
ajfa-13651	178	59	*	*	PUNCT
ajfa-13651	178	60	*	*	PUNCT
ajfa-13651	179	1	_	_	PUNCT
ajfa-13651	179	2	cons	con	NOUN
ajfa-13651	179	3	0.219	0.219	NOUN
ajfa-13651	179	4	*	*	NOUN
ajfa-13651	179	5	*	*	NOUN
ajfa-13651	179	6	-0.121	-0.121	PUNCT
ajfa-13651	179	7	*	*	PUNCT
ajfa-13651	179	8	*	*	PUNCT
ajfa-13651	179	9	*	*	PUNCT
ajfa-13651	179	10	n	n	PRON
ajfa-13651	179	11	2150	2150	NUM
ajfa-13651	179	12	2150	2150	NUM
ajfa-13651	179	13	r	r	X
ajfa-13651	179	14	-	-	PUNCT
ajfa-13651	179	15	sq	sq	NUM
ajfa-13651	179	16	0.1097	0.1097	NUM
ajfa-13651	179	17	0.6161	0.6161	NUM
ajfa-13651	179	18	t	t	NOUN
ajfa-13651	179	19	statistics	statistic	NOUN
ajfa-13651	179	20	in	in	ADP
ajfa-13651	179	21	brackets	bracket	NOUN
ajfa-13651	179	22	*	*	PUNCT
ajfa-13651	179	23	p<0.1	p<0.1	NUM
ajfa-13651	179	24	,	,	PUNCT
ajfa-13651	179	25	*	*	PUNCT
ajfa-13651	179	26	*	*	PUNCT
ajfa-13651	179	27	p<0.05	p<0.05	NOUN
ajfa-13651	179	28	,	,	PUNCT
ajfa-13651	179	29	*	*	PUNCT
ajfa-13651	179	30	*	*	PUNCT
ajfa-13651	179	31	*	*	PUNCT
ajfa-13651	179	32	p<0.01	p<0.01	PROPN
ajfa-13651	179	33	source	source	NOUN
ajfa-13651	179	34	:	:	PUNCT
ajfa-13651	179	35	data	datum	NOUN
ajfa-13651	179	36	extracted	extract	VERB
ajfa-13651	179	37	from	from	ADP
ajfa-13651	179	38	financial	financial	ADJ
ajfa-13651	179	39	statements	statement	NOUN
ajfa-13651	179	40	and	and	CCONJ
ajfa-13651	179	41	calculated	calculate	VERB
ajfa-13651	179	42	from	from	ADP
ajfa-13651	179	43	stata	stata	NOUN
ajfa-13651	179	44	13.0	13.0	NUM
ajfa-13651	179	45	by	by	ADP
ajfa-13651	179	46	author	author	NOUN
ajfa-13651	179	47	the	the	DET
ajfa-13651	179	48	results	result	NOUN
ajfa-13651	179	49	show	show	VERB
ajfa-13651	179	50	that	that	SCONJ
ajfa-13651	179	51	the	the	DET
ajfa-13651	179	52	firm	firm	ADJ
ajfa-13651	179	53	size	size	NOUN
ajfa-13651	179	54	is	be	AUX
ajfa-13651	179	55	positively	positively	ADV
ajfa-13651	179	56	correlated	correlate	VERB
ajfa-13651	179	57	with	with	ADP
ajfa-13651	179	58	the	the	DET
ajfa-13651	179	59	dividend	dividend	NOUN
ajfa-13651	179	60	per	per	ADP
ajfa-13651	179	61	share	share	NOUN
ajfa-13651	179	62	ratio	ratio	NOUN
ajfa-13651	179	63	(	(	PUNCT
ajfa-13651	179	64	statistically	statistically	ADV
ajfa-13651	179	65	significant	significant	ADJ
ajfa-13651	179	66	at	at	ADP
ajfa-13651	179	67	1	1	NUM
ajfa-13651	179	68	%	%	NOUN
ajfa-13651	179	69	)	)	PUNCT
ajfa-13651	179	70	.	.	PUNCT
ajfa-13651	180	1	this	this	DET
ajfa-13651	180	2	result	result	NOUN
ajfa-13651	180	3	is	be	AUX
ajfa-13651	180	4	consistent	consistent	ADJ
ajfa-13651	180	5	with	with	ADP
ajfa-13651	180	6	the	the	DET
ajfa-13651	180	7	study	study	NOUN
ajfa-13651	180	8	of	of	ADP
ajfa-13651	180	9	al	al	PROPN
ajfa-13651	180	10	-	-	PUNCT
ajfa-13651	180	11	yahyaee	yahyaee	PROPN
ajfa-13651	180	12	et	et	PROPN
ajfa-13651	180	13	al	al	PROPN
ajfa-13651	180	14	.	.	PROPN
ajfa-13651	180	15	,	,	PUNCT
ajfa-13651	180	16	(	(	PUNCT
ajfa-13651	180	17	2006	2006	NUM
ajfa-13651	180	18	)	)	PUNCT
ajfa-13651	180	19	,	,	PUNCT
ajfa-13651	180	20	al	al	PROPN
ajfa-13651	180	21	-	-	PUNCT
ajfa-13651	180	22	shubiri	shubiri	NOUN
ajfa-13651	180	23	(	(	PUNCT
ajfa-13651	180	24	2011	2011	NUM
ajfa-13651	180	25	)	)	PUNCT
ajfa-13651	180	26	.	.	PUNCT
ajfa-13651	181	1	when	when	SCONJ
ajfa-13651	181	2	considered	consider	VERB
ajfa-13651	181	3	the	the	DET
ajfa-13651	181	4	dependent	dependent	ADJ
ajfa-13651	181	5	variable	variable	NOUN
ajfa-13651	181	6	,	,	PUNCT
ajfa-13651	181	7	dividend	dividend	NOUN
ajfa-13651	181	8	payout	payout	ADJ
ajfa-13651	181	9	ratio	ratio	NOUN
ajfa-13651	181	10	is	be	AUX
ajfa-13651	181	11	positively	positively	ADV
ajfa-13651	181	12	related	relate	VERB
ajfa-13651	181	13	to	to	ADP
ajfa-13651	181	14	company	company	NOUN
ajfa-13651	181	15	size	size	NOUN
ajfa-13651	181	16	,	,	PUNCT
ajfa-13651	181	17	but	but	CCONJ
ajfa-13651	181	18	the	the	DET
ajfa-13651	181	19	statistically	statistically	ADV
ajfa-13651	181	20	significant	significant	ADJ
ajfa-13651	181	21	is	be	AUX
ajfa-13651	181	22	10	10	NUM
ajfa-13651	181	23	%	%	NOUN
ajfa-13651	181	24	.	.	PUNCT
ajfa-13651	182	1	the	the	DET
ajfa-13651	182	2	financial	financial	ADJ
ajfa-13651	182	3	leverage	leverage	NOUN
ajfa-13651	182	4	is	be	AUX
ajfa-13651	182	5	inversely	inversely	ADV
ajfa-13651	182	6	related	relate	VERB
ajfa-13651	182	7	to	to	PART
ajfa-13651	182	8	dividend	dividend	VERB
ajfa-13651	182	9	policy	policy	NOUN
ajfa-13651	182	10	but	but	CCONJ
ajfa-13651	182	11	is	be	AUX
ajfa-13651	182	12	not	not	PART
ajfa-13651	182	13	statistically	statistically	ADV
ajfa-13651	182	14	significant	significant	ADJ
ajfa-13651	182	15	.	.	PUNCT
ajfa-13651	183	1	this	this	PRON
ajfa-13651	183	2	is	be	AUX
ajfa-13651	183	3	not	not	PART
ajfa-13651	183	4	consistent	consistent	ADJ
ajfa-13651	183	5	with	with	ADP
ajfa-13651	183	6	the	the	DET
ajfa-13651	183	7	original	original	ADJ
ajfa-13651	183	8	hypothesis	hypothesis	NOUN
ajfa-13651	183	9	.	.	PUNCT
ajfa-13651	184	1	this	this	DET
ajfa-13651	184	2	finding	finding	NOUN
ajfa-13651	184	3	is	be	AUX
ajfa-13651	184	4	not	not	PART
ajfa-13651	184	5	consistent	consistent	ADJ
ajfa-13651	184	6	with	with	ADP
ajfa-13651	184	7	previous	previous	ADJ
ajfa-13651	184	8	research	research	NOUN
ajfa-13651	184	9	of	of	ADP
ajfa-13651	184	10	rozeff	rozeff	NOUN
ajfa-13651	184	11	(	(	PUNCT
ajfa-13651	184	12	1982	1982	NUM
ajfa-13651	184	13	)	)	PUNCT
ajfa-13651	184	14	,	,	PUNCT
ajfa-13651	184	15	mancinelli	mancinelli	PROPN
ajfa-13651	184	16	&	&	CCONJ
ajfa-13651	184	17	ozkan	ozkan	PROPN
ajfa-13651	184	18	(	(	PUNCT
ajfa-13651	184	19	2006	2006	NUM
ajfa-13651	184	20	)	)	PUNCT
ajfa-13651	184	21	and	and	CCONJ
ajfa-13651	184	22	ahmed	ahmed	PROPN
ajfa-13651	184	23	&	&	CCONJ
ajfa-13651	184	24	javid	javid	PROPN
ajfa-13651	184	25	(	(	PUNCT
ajfa-13651	184	26	2008	2008	NUM
ajfa-13651	184	27	)	)	PUNCT
ajfa-13651	184	28	.	.	PUNCT
ajfa-13651	185	1	as	as	SCONJ
ajfa-13651	185	2	expected	expect	VERB
ajfa-13651	185	3	,	,	PUNCT
ajfa-13651	185	4	regression	regression	NOUN
ajfa-13651	185	5	results	result	NOUN
ajfa-13651	185	6	show	show	VERB
ajfa-13651	185	7	a	a	DET
ajfa-13651	185	8	statistically	statistically	ADV
ajfa-13651	185	9	significant	significant	ADJ
ajfa-13651	185	10	negative	negative	ADJ
ajfa-13651	185	11	relationship	relationship	NOUN
ajfa-13651	185	12	between	between	ADP
ajfa-13651	185	13	growth	growth	NOUN
ajfa-13651	185	14	rates	rate	NOUN
ajfa-13651	185	15	and	and	CCONJ
ajfa-13651	185	16	dividend	dividend	NOUN
ajfa-13651	185	17	policy	policy	NOUN
ajfa-13651	185	18	.	.	PUNCT
ajfa-13651	186	1	this	this	PRON
ajfa-13651	186	2	points	point	VERB
ajfa-13651	186	3	to	to	ADP
ajfa-13651	186	4	the	the	DET
ajfa-13651	186	5	fact	fact	NOUN
ajfa-13651	186	6	that	that	SCONJ
ajfa-13651	186	7	the	the	DET
ajfa-13651	186	8	demand	demand	NOUN
ajfa-13651	186	9	of	of	ADP
ajfa-13651	186	10	capital	capital	NOUN
ajfa-13651	186	11	to	to	PART
ajfa-13651	186	12	finance	finance	VERB
ajfa-13651	186	13	growth	growth	NOUN
ajfa-13651	186	14	are	be	AUX
ajfa-13651	186	15	increasingly	increasingly	ADV
ajfa-13651	186	16	and	and	CCONJ
ajfa-13651	186	17	therefore	therefore	ADV
ajfa-13651	186	18	dividends	dividend	NOUN
ajfa-13651	186	19	payment	payment	NOUN
ajfa-13651	186	20	is	be	AUX
ajfa-13651	186	21	low	low	ADJ
ajfa-13651	186	22	.	.	PUNCT
ajfa-13651	187	1	in	in	ADP
ajfa-13651	187	2	other	other	ADJ
ajfa-13651	187	3	words	word	NOUN
ajfa-13651	187	4	,	,	PUNCT
ajfa-13651	187	5	growth	growth	NOUN
ajfa-13651	187	6	companies	company	NOUN
ajfa-13651	187	7	have	have	VERB
ajfa-13651	187	8	more	more	ADJ
ajfa-13651	187	9	investment	investment	NOUN
ajfa-13651	187	10	opportunities	opportunity	NOUN
ajfa-13651	187	11	,	,	PUNCT
ajfa-13651	187	12	so	so	SCONJ
ajfa-13651	187	13	businesses	business	NOUN
ajfa-13651	187	14	are	be	AUX
ajfa-13651	187	15	more	more	ADV
ajfa-13651	187	16	likely	likely	ADJ
ajfa-13651	187	17	to	to	PART
ajfa-13651	187	18	pursue	pursue	VERB
ajfa-13651	187	19	a	a	DET
ajfa-13651	187	20	lower	low	ADJ
ajfa-13651	187	21	dividend	dividend	NOUN
ajfa-13651	187	22	payout	payout	NOUN
ajfa-13651	187	23	ratio	ratio	NOUN
ajfa-13651	187	24	as	as	ADP
ajfa-13651	187	25	dividends	dividend	NOUN
ajfa-13651	187	26	and	and	CCONJ
ajfa-13651	187	27	investments	investment	NOUN
ajfa-13651	187	28	represent	represent	VERB
ajfa-13651	187	29	two	two	NUM
ajfa-13651	187	30	competing	compete	VERB
ajfa-13651	187	31	object	object	NOUN
ajfa-13651	187	32	to	to	PART
ajfa-13651	187	33	use	use	VERB
ajfa-13651	187	34	company	company	NOUN
ajfa-13651	187	35	’s	’s	PART
ajfa-13651	187	36	cash	cash	NOUN
ajfa-13651	187	37	.	.	PUNCT
ajfa-13651	188	1	the	the	DET
ajfa-13651	188	2	results	result	NOUN
ajfa-13651	188	3	of	of	ADP
ajfa-13651	188	4	this	this	DET
ajfa-13651	188	5	study	study	NOUN
ajfa-13651	188	6	are	be	AUX
ajfa-13651	188	7	consistent	consistent	ADJ
ajfa-13651	188	8	with	with	ADP
ajfa-13651	188	9	the	the	DET
ajfa-13651	188	10	results	result	NOUN
ajfa-13651	188	11	of	of	ADP
ajfa-13651	188	12	ho	ho	PROPN
ajfa-13651	188	13	(	(	PUNCT
ajfa-13651	188	14	2003	2003	NUM
ajfa-13651	188	15	)	)	PUNCT
ajfa-13651	188	16	and	and	CCONJ
ajfa-13651	188	17	al	al	PROPN
ajfa-13651	188	18	-	-	PUNCT
ajfa-13651	188	19	yahyaee	yahyaee	PROPN
ajfa-13651	188	20	et	et	PROPN
ajfa-13651	188	21	al	al	PROPN
ajfa-13651	188	22	.	.	PROPN
ajfa-13651	188	23	,	,	PUNCT
ajfa-13651	188	24	(	(	PUNCT
ajfa-13651	188	25	2006	2006	NUM
ajfa-13651	188	26	)	)	PUNCT
ajfa-13651	188	27	.	.	PUNCT
ajfa-13651	189	1	the	the	DET
ajfa-13651	189	2	results	result	NOUN
ajfa-13651	189	3	of	of	ADP
ajfa-13651	189	4	the	the	DET
ajfa-13651	189	5	regression	regression	NOUN
ajfa-13651	189	6	show	show	VERB
ajfa-13651	189	7	that	that	SCONJ
ajfa-13651	189	8	profitability	profitability	NOUN
ajfa-13651	189	9	,	,	PUNCT
ajfa-13651	189	10	previous	previous	ADJ
ajfa-13651	189	11	dividend	dividend	NOUN
ajfa-13651	189	12	payout	payout	NOUN
ajfa-13651	189	13	ratio	ratio	NOUN
ajfa-13651	189	14	,	,	PUNCT
ajfa-13651	189	15	financial	financial	ADJ
ajfa-13651	189	16	leverage	leverage	NOUN
ajfa-13651	189	17	and	and	CCONJ
ajfa-13651	189	18	growth	growth	NOUN
ajfa-13651	189	19	rates	rate	NOUN
ajfa-13651	189	20	have	have	VERB
ajfa-13651	189	21	an	an	DET
ajfa-13651	189	22	impact	impact	NOUN
ajfa-13651	189	23	to	to	ADP
ajfa-13651	189	24	the	the	DET
ajfa-13651	189	25	dividend	dividend	NOUN
ajfa-13651	189	26	policy	policy	NOUN
ajfa-13651	189	27	with	with	ADP
ajfa-13651	189	28	statistical	statistical	ADJ
ajfa-13651	189	29	significance	significance	NOUN
ajfa-13651	189	30	:	:	PUNCT
ajfa-13651	189	31	(	(	PUNCT
ajfa-13651	189	32	1	1	X
ajfa-13651	189	33	)	)	PUNCT
ajfa-13651	189	34	the	the	DET
ajfa-13651	189	35	profitability	profitability	NOUN
ajfa-13651	189	36	has	have	VERB
ajfa-13651	189	37	a	a	DET
ajfa-13651	189	38	positive	positive	ADJ
ajfa-13651	189	39	impact	impact	NOUN
ajfa-13651	189	40	on	on	ADP
ajfa-13651	189	41	the	the	DET
ajfa-13651	189	42	dividend	dividend	NOUN
ajfa-13651	189	43	policy	policy	NOUN
ajfa-13651	189	44	of	of	ADP
ajfa-13651	189	45	company	company	NOUN
ajfa-13651	189	46	listed	list	VERB
ajfa-13651	189	47	on	on	ADP
ajfa-13651	189	48	the	the	DET
ajfa-13651	189	49	securities	security	NOUN
ajfa-13651	189	50	market	market	NOUN
ajfa-13651	189	51	of	of	ADP
ajfa-13651	189	52	vietnam	vietnam	PROPN
ajfa-13651	189	53	.	.	PUNCT
ajfa-13651	190	1	this	this	PRON
ajfa-13651	190	2	may	may	AUX
ajfa-13651	190	3	explain	explain	VERB
ajfa-13651	190	4	that	that	DET
ajfa-13651	190	5	company	company	NOUN
ajfa-13651	190	6	with	with	ADP
ajfa-13651	190	7	good	good	ADJ
ajfa-13651	190	8	profitability	profitability	NOUN
ajfa-13651	190	9	will	will	AUX
ajfa-13651	190	10	pay	pay	VERB
ajfa-13651	190	11	dividends	dividend	NOUN
ajfa-13651	190	12	to	to	ADP
ajfa-13651	190	13	shareholders	shareholder	NOUN
ajfa-13651	190	14	.	.	PUNCT
ajfa-13651	191	1	at	at	ADP
ajfa-13651	191	2	the	the	DET
ajfa-13651	191	3	same	same	ADJ
ajfa-13651	191	4	time	time	NOUN
ajfa-13651	191	5	,	,	PUNCT
ajfa-13651	191	6	the	the	DET
ajfa-13651	191	7	previous	previous	ADJ
ajfa-13651	191	8	dividend	dividend	NOUN
ajfa-13651	191	9	policy	policy	NOUN
ajfa-13651	191	10	has	have	VERB
ajfa-13651	191	11	a	a	DET
ajfa-13651	191	12	positive	positive	ADJ
ajfa-13651	191	13	impact	impact	NOUN
ajfa-13651	191	14	on	on	ADP
ajfa-13651	191	15	the	the	DET
ajfa-13651	191	16	dividend	dividend	NOUN
ajfa-13651	191	17	policy	policy	NOUN
ajfa-13651	191	18	of	of	ADP
ajfa-13651	191	19	the	the	DET
ajfa-13651	191	20	next	next	ADJ
ajfa-13651	191	21	period	period	NOUN
ajfa-13651	191	22	,	,	PUNCT
ajfa-13651	191	23	however	however	ADV
ajfa-13651	191	24	,	,	PUNCT
ajfa-13651	191	25	the	the	DET
ajfa-13651	191	26	company	company	NOUN
ajfa-13651	191	27	size	size	NOUN
ajfa-13651	191	28	does	do	AUX
ajfa-13651	191	29	not	not	PART
ajfa-13651	191	30	affect	affect	VERB
ajfa-13651	191	31	the	the	DET
ajfa-13651	191	32	dividend	dividend	NOUN
ajfa-13651	191	33	policy	policy	NOUN
ajfa-13651	191	34	.	.	PUNCT
ajfa-13651	192	1	(	(	PUNCT
ajfa-13651	192	2	2	2	X
ajfa-13651	192	3	)	)	PUNCT
ajfa-13651	192	4	financial	financial	ADJ
ajfa-13651	192	5	leverage	leverage	NOUN
ajfa-13651	192	6	has	have	VERB
ajfa-13651	192	7	a	a	DET
ajfa-13651	192	8	negative	negative	ADJ
ajfa-13651	192	9	impact	impact	NOUN
ajfa-13651	192	10	on	on	ADP
ajfa-13651	192	11	dividend	dividend	NOUN
ajfa-13651	192	12	policy	policy	NOUN
ajfa-13651	192	13	of	of	ADP
ajfa-13651	192	14	enterprises	enterprise	NOUN
ajfa-13651	192	15	listed	list	VERB
ajfa-13651	192	16	on	on	ADP
ajfa-13651	192	17	the	the	DET
ajfa-13651	192	18	securities	security	NOUN
ajfa-13651	192	19	market	market	NOUN
ajfa-13651	192	20	of	of	ADP
ajfa-13651	192	21	vietnam	vietnam	PROPN
ajfa-13651	192	22	.	.	PUNCT
ajfa-13651	193	1	this	this	PRON
ajfa-13651	193	2	can	can	AUX
ajfa-13651	193	3	be	be	AUX
ajfa-13651	193	4	explained	explain	VERB
ajfa-13651	193	5	that	that	SCONJ
ajfa-13651	193	6	the	the	PRON
ajfa-13651	193	7	higher	high	ADJ
ajfa-13651	193	8	the	the	DET
ajfa-13651	193	9	debt	debt	NOUN
ajfa-13651	193	10	rate	rate	NOUN
ajfa-13651	193	11	is	be	AUX
ajfa-13651	193	12	higher	high	ADJ
ajfa-13651	193	13	the	the	DET
ajfa-13651	193	14	risk	risk	NOUN
ajfa-13651	193	15	.	.	PUNCT
ajfa-13651	194	1	when	when	SCONJ
ajfa-13651	194	2	the	the	DET
ajfa-13651	194	3	cost	cost	NOUN
ajfa-13651	194	4	of	of	ADP
ajfa-13651	194	5	capital	capital	NOUN
ajfa-13651	194	6	is	be	AUX
ajfa-13651	194	7	high	high	ADJ
ajfa-13651	194	8	,	,	PUNCT
ajfa-13651	194	9	the	the	DET
ajfa-13651	194	10	business	business	NOUN
ajfa-13651	194	11	must	must	AUX
ajfa-13651	194	12	pay	pay	VERB
ajfa-13651	194	13	attention	attention	NOUN
ajfa-13651	194	14	to	to	ADP
ajfa-13651	194	15	the	the	DET
ajfa-13651	194	16	debt	debt	NOUN
ajfa-13651	194	17	payment	payment	NOUN
ajfa-13651	194	18	rather	rather	ADV
ajfa-13651	194	19	than	than	ADP
ajfa-13651	194	20	dividends	dividend	NOUN
ajfa-13651	194	21	payment	payment	NOUN
ajfa-13651	194	22	.	.	PUNCT
ajfa-13651	195	1	asian	asian	ADJ
ajfa-13651	195	2	journal	journal	PROPN
ajfa-13651	195	3	of	of	ADP
ajfa-13651	195	4	finance	finance	PROPN
ajfa-13651	195	5	&	&	CCONJ
ajfa-13651	195	6	accounting	accounting	PROPN
ajfa-13651	195	7	issn	issn	PROPN
ajfa-13651	195	8	1946	1946	NUM
ajfa-13651	195	9	-	-	PUNCT
ajfa-13651	195	10	052x	052x	NOUN
ajfa-13651	195	11	2018	2018	NUM
ajfa-13651	195	12	,	,	PUNCT
ajfa-13651	195	13	vol	vol	NOUN
ajfa-13651	195	14	.	.	PROPN
ajfa-13651	196	1	10	10	NUM
ajfa-13651	196	2	,	,	PUNCT
ajfa-13651	196	3	no	no	INTJ
ajfa-13651	196	4	.	.	NOUN
ajfa-13651	196	5	2	2	NUM
ajfa-13651	196	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	196	7	27	27	NUM
ajfa-13651	196	8	6	6	NUM
ajfa-13651	196	9	.	.	PUNCT
ajfa-13651	197	1	conclusions	conclusion	NOUN
ajfa-13651	197	2	and	and	CCONJ
ajfa-13651	197	3	recommendations	recommendation	NOUN
ajfa-13651	197	4	dividend	dividend	NOUN
ajfa-13651	197	5	policy	policy	NOUN
ajfa-13651	197	6	is	be	AUX
ajfa-13651	197	7	one	one	NUM
ajfa-13651	197	8	of	of	ADP
ajfa-13651	197	9	the	the	DET
ajfa-13651	197	10	three	three	NUM
ajfa-13651	197	11	important	important	ADJ
ajfa-13651	197	12	decisions	decision	NOUN
ajfa-13651	197	13	of	of	ADP
ajfa-13651	197	14	financial	financial	ADJ
ajfa-13651	197	15	management	management	NOUN
ajfa-13651	197	16	.	.	PUNCT
ajfa-13651	198	1	based	base	VERB
ajfa-13651	198	2	on	on	ADP
ajfa-13651	198	3	the	the	DET
ajfa-13651	198	4	results	result	NOUN
ajfa-13651	198	5	of	of	ADP
ajfa-13651	198	6	this	this	DET
ajfa-13651	198	7	study	study	NOUN
ajfa-13651	198	8	,	,	PUNCT
ajfa-13651	198	9	the	the	DET
ajfa-13651	198	10	authors	author	NOUN
ajfa-13651	198	11	propose	propose	VERB
ajfa-13651	198	12	some	some	DET
ajfa-13651	198	13	recommendations	recommendation	NOUN
ajfa-13651	198	14	:	:	PUNCT
ajfa-13651	198	15	(	(	PUNCT
ajfa-13651	198	16	i	i	NOUN
ajfa-13651	198	17	)	)	PUNCT
ajfa-13651	198	18	investors	investor	NOUN
ajfa-13651	198	19	need	need	VERB
ajfa-13651	198	20	to	to	PART
ajfa-13651	198	21	study	study	VERB
ajfa-13651	198	22	the	the	DET
ajfa-13651	198	23	financial	financial	ADJ
ajfa-13651	198	24	status	status	NOUN
ajfa-13651	198	25	of	of	ADP
ajfa-13651	198	26	the	the	DET
ajfa-13651	198	27	business	business	NOUN
ajfa-13651	198	28	as	as	ADP
ajfa-13651	198	29	the	the	DET
ajfa-13651	198	30	profitability	profitability	NOUN
ajfa-13651	198	31	because	because	SCONJ
ajfa-13651	198	32	it	it	PRON
ajfa-13651	198	33	will	will	AUX
ajfa-13651	198	34	affect	affect	VERB
ajfa-13651	198	35	to	to	ADP
ajfa-13651	198	36	the	the	DET
ajfa-13651	198	37	dividends	dividend	NOUN
ajfa-13651	198	38	payment	payment	NOUN
ajfa-13651	198	39	of	of	ADP
ajfa-13651	198	40	the	the	DET
ajfa-13651	198	41	next	next	ADJ
ajfa-13651	198	42	period	period	NOUN
ajfa-13651	198	43	.	.	PUNCT
ajfa-13651	199	1	high	high	ADJ
ajfa-13651	199	2	debt	debt	NOUN
ajfa-13651	199	3	ratio	ratio	NOUN
ajfa-13651	199	4	will	will	AUX
ajfa-13651	199	5	negatively	negatively	ADV
ajfa-13651	199	6	affect	affect	VERB
ajfa-13651	199	7	dividend	dividend	NOUN
ajfa-13651	199	8	payment	payment	NOUN
ajfa-13651	199	9	.	.	PUNCT
ajfa-13651	200	1	(	(	PUNCT
ajfa-13651	200	2	ii	ii	X
ajfa-13651	200	3	)	)	PUNCT
ajfa-13651	200	4	the	the	DET
ajfa-13651	200	5	manager	manager	NOUN
ajfa-13651	200	6	should	should	AUX
ajfa-13651	200	7	have	have	VERB
ajfa-13651	200	8	an	an	DET
ajfa-13651	200	9	analysis	analysis	NOUN
ajfa-13651	200	10	of	of	ADP
ajfa-13651	200	11	the	the	DET
ajfa-13651	200	12	advantages	advantage	NOUN
ajfa-13651	200	13	and	and	CCONJ
ajfa-13651	200	14	disadvantages	disadvantage	NOUN
ajfa-13651	200	15	of	of	ADP
ajfa-13651	200	16	each	each	DET
ajfa-13651	200	17	type	type	NOUN
ajfa-13651	200	18	of	of	ADP
ajfa-13651	200	19	dividend	dividend	NOUN
ajfa-13651	200	20	policy	policy	NOUN
ajfa-13651	200	21	and	and	CCONJ
ajfa-13651	200	22	consider	consider	VERB
ajfa-13651	200	23	which	which	DET
ajfa-13651	200	24	one	one	PRON
ajfa-13651	200	25	will	will	AUX
ajfa-13651	200	26	be	be	AUX
ajfa-13651	200	27	suitable	suitable	ADJ
ajfa-13651	200	28	with	with	ADP
ajfa-13651	200	29	the	the	DET
ajfa-13651	200	30	specific	specific	ADJ
ajfa-13651	200	31	characteristics	characteristic	NOUN
ajfa-13651	200	32	of	of	ADP
ajfa-13651	200	33	company	company	NOUN
ajfa-13651	200	34	.	.	PUNCT
ajfa-13651	201	1	most	most	ADV
ajfa-13651	201	2	importantly	importantly	ADV
ajfa-13651	201	3	,	,	PUNCT
ajfa-13651	201	4	managers	manager	NOUN
ajfa-13651	201	5	have	have	VERB
ajfa-13651	201	6	a	a	DET
ajfa-13651	201	7	clear	clear	ADJ
ajfa-13651	201	8	choice	choice	NOUN
ajfa-13651	201	9	of	of	ADP
ajfa-13651	201	10	dividends	dividend	NOUN
ajfa-13651	201	11	policy	policy	NOUN
ajfa-13651	201	12	and	and	CCONJ
ajfa-13651	201	13	pursue	pursue	VERB
ajfa-13651	201	14	that	that	DET
ajfa-13651	201	15	choice	choice	NOUN
ajfa-13651	201	16	.	.	PUNCT
ajfa-13651	202	1	because	because	SCONJ
ajfa-13651	202	2	,	,	PUNCT
ajfa-13651	202	3	in	in	ADP
ajfa-13651	202	4	order	order	NOUN
ajfa-13651	202	5	to	to	PART
ajfa-13651	202	6	maintain	maintain	VERB
ajfa-13651	202	7	dividend	dividend	NOUN
ajfa-13651	202	8	payments	payment	NOUN
ajfa-13651	202	9	,	,	PUNCT
ajfa-13651	202	10	it	it	PRON
ajfa-13651	202	11	is	be	AUX
ajfa-13651	202	12	imperative	imperative	ADJ
ajfa-13651	202	13	for	for	SCONJ
ajfa-13651	202	14	managers	manager	NOUN
ajfa-13651	202	15	to	to	PART
ajfa-13651	202	16	have	have	VERB
ajfa-13651	202	17	a	a	DET
ajfa-13651	202	18	long	long	ADJ
ajfa-13651	202	19	-	-	PUNCT
ajfa-13651	202	20	term	term	NOUN
ajfa-13651	202	21	financial	financial	ADJ
ajfa-13651	202	22	and	and	CCONJ
ajfa-13651	202	23	investment	investment	NOUN
ajfa-13651	202	24	strategy	strategy	NOUN
ajfa-13651	202	25	,	,	PUNCT
ajfa-13651	202	26	a	a	DET
ajfa-13651	202	27	more	more	ADV
ajfa-13651	202	28	responsible	responsible	ADJ
ajfa-13651	202	29	for	for	ADP
ajfa-13651	202	30	raising	raise	VERB
ajfa-13651	202	31	capital	capital	NOUN
ajfa-13651	202	32	efficiency	efficiency	NOUN
ajfa-13651	202	33	,	,	PUNCT
ajfa-13651	202	34	helping	help	VERB
ajfa-13651	202	35	to	to	PART
ajfa-13651	202	36	increase	increase	VERB
ajfa-13651	202	37	the	the	DET
ajfa-13651	202	38	company	company	NOUN
ajfa-13651	202	39	value	value	NOUN
ajfa-13651	202	40	in	in	ADP
ajfa-13651	202	41	the	the	DET
ajfa-13651	202	42	long	long	ADJ
ajfa-13651	202	43	run	run	NOUN
ajfa-13651	202	44	.	.	PUNCT
ajfa-13651	203	1	(	(	PUNCT
ajfa-13651	203	2	iii	iii	X
ajfa-13651	203	3	)	)	PUNCT
ajfa-13651	203	4	enterprises	enterprise	NOUN
ajfa-13651	203	5	should	should	AUX
ajfa-13651	203	6	prioritize	prioritize	VERB
ajfa-13651	203	7	stable	stable	ADJ
ajfa-13651	203	8	dividend	dividend	NOUN
ajfa-13651	203	9	policy	policy	NOUN
ajfa-13651	203	10	to	to	PART
ajfa-13651	203	11	maintain	maintain	VERB
ajfa-13651	203	12	a	a	DET
ajfa-13651	203	13	certain	certain	ADJ
ajfa-13651	203	14	level	level	NOUN
ajfa-13651	203	15	of	of	ADP
ajfa-13651	203	16	dividends	dividend	NOUN
ajfa-13651	203	17	and	and	CCONJ
ajfa-13651	203	18	increase	increase	VERB
ajfa-13651	203	19	dividends	dividend	NOUN
ajfa-13651	203	20	to	to	ADP
ajfa-13651	203	21	a	a	DET
ajfa-13651	203	22	higher	high	ADJ
ajfa-13651	203	23	level	level	NOUN
ajfa-13651	203	24	only	only	ADV
ajfa-13651	203	25	in	in	ADP
ajfa-13651	203	26	the	the	DET
ajfa-13651	203	27	case	case	NOUN
ajfa-13651	203	28	that	that	SCONJ
ajfa-13651	203	29	the	the	DET
ajfa-13651	203	30	company	company	NOUN
ajfa-13651	203	31	can	can	AUX
ajfa-13651	203	32	achieve	achieve	VERB
ajfa-13651	203	33	a	a	DET
ajfa-13651	203	34	stable	stable	ADJ
ajfa-13651	203	35	increased	increase	VERB
ajfa-13651	203	36	profitability	profitability	NOUN
ajfa-13651	203	37	and	and	CCONJ
ajfa-13651	203	38	have	have	VERB
ajfa-13651	203	39	an	an	DET
ajfa-13651	203	40	ability	ability	NOUN
ajfa-13651	203	41	to	to	PART
ajfa-13651	203	42	increase	increase	VERB
ajfa-13651	203	43	dividend	dividend	NOUN
ajfa-13651	203	44	.	.	PUNCT
ajfa-13651	204	1	once	once	SCONJ
ajfa-13651	204	2	the	the	DET
ajfa-13651	204	3	dividend	dividend	NOUN
ajfa-13651	204	4	has	have	AUX
ajfa-13651	204	5	been	be	AUX
ajfa-13651	204	6	increased	increase	VERB
ajfa-13651	204	7	,	,	PUNCT
ajfa-13651	204	8	company	company	NOUN
ajfa-13651	204	9	must	must	AUX
ajfa-13651	204	10	try	try	VERB
ajfa-13651	204	11	to	to	PART
ajfa-13651	204	12	maintain	maintain	VERB
ajfa-13651	204	13	this	this	DET
ajfa-13651	204	14	dividend	dividend	NOUN
ajfa-13651	204	15	level	level	NOUN
ajfa-13651	204	16	until	until	SCONJ
ajfa-13651	204	17	the	the	DET
ajfa-13651	204	18	company	company	NOUN
ajfa-13651	204	19	sees	see	VERB
ajfa-13651	204	20	that	that	SCONJ
ajfa-13651	204	21	there	there	PRON
ajfa-13651	204	22	is	be	VERB
ajfa-13651	204	23	no	no	DET
ajfa-13651	204	24	hope	hope	NOUN
ajfa-13651	204	25	to	to	PART
ajfa-13651	204	26	prevent	prevent	VERB
ajfa-13651	204	27	a	a	DET
ajfa-13651	204	28	decline	decline	NOUN
ajfa-13651	204	29	in	in	ADP
ajfa-13651	204	30	profitability	profitability	NOUN
ajfa-13651	204	31	in	in	ADP
ajfa-13651	204	32	the	the	DET
ajfa-13651	204	33	future	future	NOUN
ajfa-13651	204	34	.	.	PUNCT
ajfa-13651	205	1	references	reference	NOUN
ajfa-13651	205	2	ahmed	ahmed	PROPN
ajfa-13651	205	3	,	,	PUNCT
ajfa-13651	205	4	h.	h.	PROPN
ajfa-13651	205	5	,	,	PUNCT
ajfa-13651	205	6	&	&	CCONJ
ajfa-13651	205	7	javid	javid	PROPN
ajfa-13651	205	8	,	,	PUNCT
ajfa-13651	205	9	a.	a.	PROPN
ajfa-13651	205	10	y.	y.	PROPN
ajfa-13651	205	11	(	(	PUNCT
ajfa-13651	205	12	2008	2008	NUM
ajfa-13651	205	13	)	)	PUNCT
ajfa-13651	205	14	.	.	PUNCT
ajfa-13651	206	1	dynamics	dynamic	NOUN
ajfa-13651	206	2	and	and	CCONJ
ajfa-13651	206	3	determinants	determinant	NOUN
ajfa-13651	206	4	of	of	ADP
ajfa-13651	206	5	dividend	dividend	NOUN
ajfa-13651	206	6	policy	policy	NOUN
ajfa-13651	206	7	in	in	ADP
ajfa-13651	206	8	pakistan	pakistan	PROPN
ajfa-13651	206	9	(	(	PUNCT
ajfa-13651	206	10	evidence	evidence	NOUN
ajfa-13651	206	11	from	from	ADP
ajfa-13651	206	12	karachi	karachi	PROPN
ajfa-13651	206	13	stock	stock	PROPN
ajfa-13651	206	14	exchange	exchange	PROPN
ajfa-13651	206	15	non	non	ADJ
ajfa-13651	206	16	-	-	ADJ
ajfa-13651	206	17	financial	financial	ADJ
ajfa-13651	206	18	listed	list	VERB
ajfa-13651	206	19	firms	firm	NOUN
ajfa-13651	206	20	)	)	PUNCT
ajfa-13651	206	21	.	.	PUNCT
ajfa-13651	207	1	international	international	ADJ
ajfa-13651	207	2	research	research	PROPN
ajfa-13651	207	3	journal	journal	NOUN
ajfa-13651	207	4	of	of	ADP
ajfa-13651	207	5	finance	finance	NOUN
ajfa-13651	207	6	and	and	CCONJ
ajfa-13651	207	7	economics	economic	NOUN
ajfa-13651	207	8	,	,	PUNCT
ajfa-13651	207	9	25(1	25(1	NUM
ajfa-13651	207	10	)	)	PUNCT
ajfa-13651	207	11	,	,	PUNCT
ajfa-13651	207	12	148	148	NUM
ajfa-13651	207	13	-	-	SYM
ajfa-13651	207	14	171	171	NUM
ajfa-13651	207	15	..	..	PUNCT
ajfa-13651	207	16	https://mpra.ub.uni-muenchen.de/37342/	https://mpra.ub.uni-muenchen.de/37342/	PROPN
ajfa-13651	207	17	aivazian	aivazian	ADJ
ajfa-13651	207	18	,	,	PUNCT
ajfa-13651	207	19	v.	v.	PROPN
ajfa-13651	207	20	,	,	PUNCT
ajfa-13651	207	21	booth	booth	NOUN
ajfa-13651	207	22	,	,	PUNCT
ajfa-13651	207	23	l.	l.	PROPN
ajfa-13651	207	24	,	,	PUNCT
ajfa-13651	207	25	&	&	CCONJ
ajfa-13651	207	26	cleary	cleary	PROPN
ajfa-13651	207	27	,	,	PUNCT
ajfa-13651	207	28	s.	s.	PROPN
ajfa-13651	207	29	(	(	PUNCT
ajfa-13651	207	30	2003	2003	NUM
ajfa-13651	207	31	)	)	PUNCT
ajfa-13651	207	32	.	.	PUNCT
ajfa-13651	208	1	do	do	AUX
ajfa-13651	208	2	emerging	emerge	VERB
ajfa-13651	208	3	market	market	NOUN
ajfa-13651	208	4	firms	firm	NOUN
ajfa-13651	208	5	follow	follow	VERB
ajfa-13651	208	6	different	different	ADJ
ajfa-13651	208	7	dividend	dividend	NOUN
ajfa-13651	208	8	policies	policy	NOUN
ajfa-13651	208	9	from	from	ADP
ajfa-13651	208	10	us	us	PROPN
ajfa-13651	208	11	firms	firm	NOUN
ajfa-13651	208	12	?	?	PUNCT
ajfa-13651	209	1	journal	journal	NOUN
ajfa-13651	209	2	of	of	ADP
ajfa-13651	209	3	financial	financial	ADJ
ajfa-13651	209	4	research	research	NOUN
ajfa-13651	209	5	,	,	PUNCT
ajfa-13651	209	6	26(3	26(3	NUM
ajfa-13651	209	7	)	)	PUNCT
ajfa-13651	209	8	,	,	PUNCT
ajfa-13651	209	9	371	371	NUM
ajfa-13651	209	10	-	-	SYM
ajfa-13651	209	11	387	387	NUM
ajfa-13651	209	12	.	.	PUNCT
ajfa-13651	210	1	https://doi.org/10.1111/1475-6803.00064	https://doi.org/10.1111/1475-6803.00064	PROPN
ajfa-13651	210	2	al	al	PROPN
ajfa-13651	210	3	-	-	PUNCT
ajfa-13651	210	4	shubiri	shubiri	PROPN
ajfa-13651	210	5	,	,	PUNCT
ajfa-13651	210	6	f.	f.	PROPN
ajfa-13651	210	7	n.	n.	PROPN
ajfa-13651	210	8	(	(	PUNCT
ajfa-13651	210	9	2011	2011	NUM
ajfa-13651	210	10	)	)	PUNCT
ajfa-13651	210	11	.	.	PUNCT
ajfa-13651	211	1	determinants	determinant	NOUN
ajfa-13651	211	2	of	of	ADP
ajfa-13651	211	3	changes	change	NOUN
ajfa-13651	211	4	dividend	dividend	NOUN
ajfa-13651	211	5	behavior	behavior	NOUN
ajfa-13651	211	6	policy	policy	NOUN
ajfa-13651	211	7	:	:	PUNCT
ajfa-13651	211	8	evidence	evidence	NOUN
ajfa-13651	211	9	from	from	ADP
ajfa-13651	211	10	the	the	DET
ajfa-13651	211	11	amman	amman	PROPN
ajfa-13651	211	12	stock	stock	PROPN
ajfa-13651	211	13	exchange	exchange	PROPN
ajfa-13651	211	14	.	.	PUNCT
ajfa-13651	212	1	far	far	PROPN
ajfa-13651	212	2	east	east	PROPN
ajfa-13651	212	3	journal	journal	PROPN
ajfa-13651	212	4	of	of	ADP
ajfa-13651	212	5	psychology	psychology	NOUN
ajfa-13651	212	6	and	and	CCONJ
ajfa-13651	212	7	business	business	NOUN
ajfa-13651	212	8	,	,	PUNCT
ajfa-13651	212	9	4(1	4(1	NOUN
ajfa-13651	212	10	)	)	PUNCT
ajfa-13651	212	11	,	,	PUNCT
ajfa-13651	212	12	1	1	NUM
ajfa-13651	212	13	-	-	SYM
ajfa-13651	212	14	15	15	NUM
ajfa-13651	212	15	.	.	PUNCT
ajfa-13651	213	1	al	al	PROPN
ajfa-13651	213	2	-	-	PUNCT
ajfa-13651	213	3	yahyaee	yahyaee	PROPN
ajfa-13651	213	4	,	,	PUNCT
ajfa-13651	213	5	k.	k.	PROPN
ajfa-13651	213	6	,	,	PUNCT
ajfa-13651	213	7	pham	pham	PROPN
ajfa-13651	213	8	,	,	PUNCT
ajfa-13651	213	9	t.	t.	PROPN
ajfa-13651	213	10	,	,	PUNCT
ajfa-13651	213	11	&	&	CCONJ
ajfa-13651	213	12	walter	walter	PROPN
ajfa-13651	213	13	,	,	PUNCT
ajfa-13651	213	14	t.	t.	PROPN
ajfa-13651	213	15	(	(	PUNCT
ajfa-13651	213	16	2006	2006	NUM
ajfa-13651	213	17	)	)	PUNCT
ajfa-13651	213	18	.	.	PUNCT
ajfa-13651	214	1	dividend	dividend	NOUN
ajfa-13651	214	2	policy	policy	NOUN
ajfa-13651	214	3	in	in	ADP
ajfa-13651	214	4	the	the	DET
ajfa-13651	214	5	absence	absence	NOUN
ajfa-13651	214	6	of	of	ADP
ajfa-13651	214	7	taxes	taxis	NOUN
ajfa-13651	214	8	.	.	PUNCT
ajfa-13651	215	1	school	school	NOUN
ajfa-13651	215	2	of	of	ADP
ajfa-13651	215	3	banking	banking	NOUN
ajfa-13651	215	4	and	and	CCONJ
ajfa-13651	215	5	finance	finance	NOUN
ajfa-13651	215	6	,	,	PUNCT
ajfa-13651	215	7	university	university	NOUN
ajfa-13651	215	8	of	of	ADP
ajfa-13651	215	9	new	new	ADJ
ajfa-13651	215	10	south	south	PROPN
ajfa-13651	215	11	wales	wales	PROPN
ajfa-13651	215	12	.	.	PUNCT
ajfa-13651	216	1	baker	baker	PROPN
ajfa-13651	216	2	,	,	PUNCT
ajfa-13651	216	3	h.	h.	PROPN
ajfa-13651	216	4	k.	k.	PROPN
ajfa-13651	216	5	,	,	PUNCT
ajfa-13651	216	6	&	&	CCONJ
ajfa-13651	216	7	powell	powell	PROPN
ajfa-13651	216	8	,	,	PUNCT
ajfa-13651	216	9	g.	g.	PROPN
ajfa-13651	216	10	e.	e.	PROPN
ajfa-13651	216	11	(	(	PUNCT
ajfa-13651	216	12	2000	2000	NUM
ajfa-13651	216	13	)	)	PUNCT
ajfa-13651	216	14	.	.	PUNCT
ajfa-13651	217	1	determinants	determinant	NOUN
ajfa-13651	217	2	of	of	ADP
ajfa-13651	217	3	corporate	corporate	ADJ
ajfa-13651	217	4	dividend	dividend	NOUN
ajfa-13651	217	5	policy	policy	NOUN
ajfa-13651	217	6	:	:	PUNCT
ajfa-13651	217	7	a	a	DET
ajfa-13651	217	8	survey	survey	NOUN
ajfa-13651	217	9	of	of	ADP
ajfa-13651	217	10	nyse	nyse	PROPN
ajfa-13651	217	11	firms	firm	NOUN
ajfa-13651	217	12	.	.	PUNCT
ajfa-13651	218	1	financial	financial	ADJ
ajfa-13651	218	2	practice	practice	NOUN
ajfa-13651	218	3	and	and	CCONJ
ajfa-13651	218	4	education	education	NOUN
ajfa-13651	218	5	,	,	PUNCT
ajfa-13651	218	6	10	10	NUM
ajfa-13651	218	7	,	,	PUNCT
ajfa-13651	218	8	29	29	NUM
ajfa-13651	218	9	-	-	SYM
ajfa-13651	218	10	40	40	NUM
ajfa-13651	218	11	.	.	PUNCT
ajfa-13651	219	1	baker	baker	PROPN
ajfa-13651	219	2	,	,	PUNCT
ajfa-13651	219	3	h.	h.	PROPN
ajfa-13651	219	4	k.	k.	PROPN
ajfa-13651	219	5	,	,	PUNCT
ajfa-13651	219	6	powell	powell	PROPN
ajfa-13651	219	7	,	,	PUNCT
ajfa-13651	219	8	g.	g.	PROPN
ajfa-13651	219	9	e.	e.	PROPN
ajfa-13651	219	10	,	,	PUNCT
ajfa-13651	219	11	&	&	CCONJ
ajfa-13651	219	12	veit	veit	PROPN
ajfa-13651	219	13	,	,	PUNCT
ajfa-13651	219	14	e.	e.	PROPN
ajfa-13651	219	15	t.	t.	PROPN
ajfa-13651	219	16	(	(	PUNCT
ajfa-13651	219	17	2002	2002	NUM
ajfa-13651	219	18	)	)	PUNCT
ajfa-13651	219	19	.	.	PUNCT
ajfa-13651	220	1	revisiting	revisit	VERB
ajfa-13651	220	2	the	the	DET
ajfa-13651	220	3	dividend	dividend	NOUN
ajfa-13651	220	4	puzzle	puzzle	NOUN
ajfa-13651	220	5	:	:	PUNCT
ajfa-13651	220	6	do	do	AUX
ajfa-13651	220	7	all	all	PRON
ajfa-13651	220	8	of	of	ADP
ajfa-13651	220	9	the	the	DET
ajfa-13651	220	10	pieces	piece	NOUN
ajfa-13651	220	11	now	now	ADV
ajfa-13651	220	12	fit	fit	ADJ
ajfa-13651	220	13	?	?	PUNCT
ajfa-13651	221	1	review	review	NOUN
ajfa-13651	221	2	of	of	ADP
ajfa-13651	221	3	financial	financial	ADJ
ajfa-13651	221	4	economics	economic	NOUN
ajfa-13651	221	5	,	,	PUNCT
ajfa-13651	221	6	11(4	11(4	NUM
ajfa-13651	221	7	)	)	PUNCT
ajfa-13651	221	8	,	,	PUNCT
ajfa-13651	221	9	241	241	PROPN
ajfa-13651	221	10	-	-	SYM
ajfa-13651	221	11	261	261	NUM
ajfa-13651	221	12	.	.	PUNCT
ajfa-13651	222	1	https://doi.org/10.1016/s1058-3300(02)00044-7	https://doi.org/10.1016/s1058-3300(02)00044-7	PROPN
ajfa-13651	222	2	deangelo	deangelo	PROPN
ajfa-13651	222	3	,	,	PUNCT
ajfa-13651	222	4	h.	h.	PROPN
ajfa-13651	222	5	,	,	PUNCT
ajfa-13651	222	6	deangelo	deangelo	PROPN
ajfa-13651	222	7	,	,	PUNCT
ajfa-13651	222	8	l.	l.	PROPN
ajfa-13651	222	9	,	,	PUNCT
ajfa-13651	222	10	&	&	CCONJ
ajfa-13651	222	11	stulz	stulz	PROPN
ajfa-13651	222	12	,	,	PUNCT
ajfa-13651	222	13	r.	r.	PROPN
ajfa-13651	222	14	m.	m.	PROPN
ajfa-13651	222	15	(	(	PUNCT
ajfa-13651	222	16	2006	2006	NUM
ajfa-13651	222	17	)	)	PUNCT
ajfa-13651	222	18	.	.	PUNCT
ajfa-13651	223	1	dividend	dividend	NOUN
ajfa-13651	223	2	policy	policy	NOUN
ajfa-13651	223	3	and	and	CCONJ
ajfa-13651	223	4	the	the	DET
ajfa-13651	223	5	earned	earn	VERB
ajfa-13651	223	6	/	/	SYM
ajfa-13651	223	7	contributed	contribute	VERB
ajfa-13651	223	8	capital	capital	NOUN
ajfa-13651	223	9	mix	mix	NOUN
ajfa-13651	223	10	:	:	PUNCT
ajfa-13651	223	11	a	a	DET
ajfa-13651	223	12	test	test	NOUN
ajfa-13651	223	13	of	of	ADP
ajfa-13651	223	14	the	the	DET
ajfa-13651	223	15	life	life	NOUN
ajfa-13651	223	16	-	-	PUNCT
ajfa-13651	223	17	cycle	cycle	NOUN
ajfa-13651	223	18	theory	theory	NOUN
ajfa-13651	223	19	.	.	PUNCT
ajfa-13651	224	1	journal	journal	PROPN
ajfa-13651	224	2	of	of	ADP
ajfa-13651	224	3	financial	financial	ADJ
ajfa-13651	224	4	economics	economic	NOUN
ajfa-13651	224	5	,	,	PUNCT
ajfa-13651	224	6	81(2	81(2	NUM
ajfa-13651	224	7	)	)	PUNCT
ajfa-13651	224	8	,	,	PUNCT
ajfa-13651	224	9	227	227	NUM
ajfa-13651	224	10	-	-	SYM
ajfa-13651	224	11	254	254	NUM
ajfa-13651	224	12	.	.	PUNCT
ajfa-13651	225	1	https://doi.org/10.1016/j.jfineco.2005.07.005	https://doi.org/10.1016/j.jfineco.2005.07.005	NUM
ajfa-13651	225	2	asian	asian	PROPN
ajfa-13651	225	3	journal	journal	PROPN
ajfa-13651	225	4	of	of	ADP
ajfa-13651	225	5	finance	finance	PROPN
ajfa-13651	225	6	&	&	CCONJ
ajfa-13651	225	7	accounting	accounting	PROPN
ajfa-13651	225	8	issn	issn	PROPN
ajfa-13651	225	9	1946	1946	NUM
ajfa-13651	225	10	-	-	PUNCT
ajfa-13651	225	11	052x	052x	NOUN
ajfa-13651	225	12	2018	2018	NUM
ajfa-13651	225	13	,	,	PUNCT
ajfa-13651	225	14	vol	vol	NOUN
ajfa-13651	225	15	.	.	PROPN
ajfa-13651	225	16	10	10	NUM
ajfa-13651	225	17	,	,	PUNCT
ajfa-13651	225	18	no	no	INTJ
ajfa-13651	225	19	.	.	NOUN
ajfa-13651	225	20	2	2	NUM
ajfa-13651	225	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	225	22	28	28	NUM
ajfa-13651	225	23	đinh	đinh	NOUN
ajfa-13651	225	24	,	,	PUNCT
ajfa-13651	225	25	b.	b.	PROPN
ajfa-13651	225	26	n.	n.	PROPN
ajfa-13651	225	27	,	,	PUNCT
ajfa-13651	225	28	&	&	CCONJ
ajfa-13651	225	29	nguyễn	nguyễn	PROPN
ajfa-13651	225	30	,	,	PUNCT
ajfa-13651	225	31	c.	c.	PROPN
ajfa-13651	225	32	c.	c.	PROPN
ajfa-13651	225	33	(	(	PUNCT
ajfa-13651	225	34	2014	2014	NUM
ajfa-13651	225	35	)	)	PUNCT
ajfa-13651	225	36	.	.	PUNCT
ajfa-13651	226	1	các	các	PROPN
ajfa-13651	226	2	nhân	nhân	PROPN
ajfa-13651	226	3	tố	tố	PROPN
ajfa-13651	226	4	ảnh	ảnh	PROPN
ajfa-13651	226	5	hưởng	hưởng	PROPN
ajfa-13651	226	6	đến	đến	PROPN
ajfa-13651	226	7	chính	chính	PROPN
ajfa-13651	226	8	sách	sách	PROPN
ajfa-13651	226	9	cổ	cổ	ADV
ajfa-13651	226	10	tức	tức	VERB
ajfa-13651	226	11	của	của	PROPN
ajfa-13651	226	12	các	các	PROPN
ajfa-13651	226	13	doanh	doanh	PROPN
ajfa-13651	226	14	nghiệp	nghiệp	PROPN
ajfa-13651	226	15	niêm	niêm	PROPN
ajfa-13651	226	16	yết	yết	PROPN
ajfa-13651	226	17	trên	trên	PROPN
ajfa-13651	226	18	thị	thị	PROPN
ajfa-13651	226	19	trường	trường	PROPN
ajfa-13651	226	20	chứng	chứng	VERB
ajfa-13651	226	21	khoán	khoán	PROPN
ajfa-13651	226	22	vn	vn	PROPN
ajfa-13651	226	23	.	.	PUNCT
ajfa-13651	227	1	tạp	tạp	PROPN
ajfa-13651	227	2	chí	chí	NOUN
ajfa-13651	227	3	phát	phát	PROPN
ajfa-13651	227	4	triển	triển	PROPN
ajfa-13651	227	5	kinh	kinh	PROPN
ajfa-13651	227	6	tế	tế	NOUN
ajfa-13651	227	7	,	,	PUNCT
ajfa-13651	227	8	290(1	290(1	NUM
ajfa-13651	227	9	)	)	PUNCT
ajfa-13651	227	10	,	,	PUNCT
ajfa-13651	227	11	42	42	NUM
ajfa-13651	227	12	-	-	SYM
ajfa-13651	227	13	60	60	NUM
ajfa-13651	227	14	.	.	PUNCT
ajfa-13651	228	1	easterbrook	easterbrook	PROPN
ajfa-13651	228	2	,	,	PUNCT
ajfa-13651	228	3	f.	f.	PROPN
ajfa-13651	228	4	h.	h.	PROPN
ajfa-13651	228	5	(	(	PUNCT
ajfa-13651	228	6	1984	1984	NUM
ajfa-13651	228	7	)	)	PUNCT
ajfa-13651	228	8	.	.	PUNCT
ajfa-13651	229	1	two	two	NUM
ajfa-13651	229	2	agency	agency	NOUN
ajfa-13651	229	3	-	-	PUNCT
ajfa-13651	229	4	cost	cost	NOUN
ajfa-13651	229	5	explanations	explanation	NOUN
ajfa-13651	229	6	of	of	ADP
ajfa-13651	229	7	dividends	dividend	NOUN
ajfa-13651	229	8	.	.	PUNCT
ajfa-13651	230	1	the	the	DET
ajfa-13651	230	2	american	american	PROPN
ajfa-13651	230	3	economic	economic	PROPN
ajfa-13651	230	4	review	review	PROPN
ajfa-13651	230	5	,	,	PUNCT
ajfa-13651	230	6	74(4	74(4	NUM
ajfa-13651	230	7	)	)	PUNCT
ajfa-13651	230	8	,	,	PUNCT
ajfa-13651	230	9	650	650	NUM
ajfa-13651	230	10	-	-	SYM
ajfa-13651	230	11	659	659	NUM
ajfa-13651	230	12	.	.	PUNCT
ajfa-13651	231	1	fama	fama	PROPN
ajfa-13651	231	2	,	,	PUNCT
ajfa-13651	231	3	e.	e.	PROPN
ajfa-13651	231	4	f.	f.	PROPN
ajfa-13651	231	5	,	,	PUNCT
ajfa-13651	231	6	&	&	CCONJ
ajfa-13651	231	7	french	french	PROPN
ajfa-13651	231	8	,	,	PUNCT
ajfa-13651	231	9	k.	k.	PROPN
ajfa-13651	231	10	r.	r.	PROPN
ajfa-13651	231	11	(	(	PUNCT
ajfa-13651	231	12	2001	2001	NUM
ajfa-13651	231	13	)	)	PUNCT
ajfa-13651	231	14	.	.	PUNCT
ajfa-13651	232	1	disappearing	disappear	VERB
ajfa-13651	232	2	dividends	dividend	NOUN
ajfa-13651	232	3	:	:	PUNCT
ajfa-13651	232	4	changing	change	VERB
ajfa-13651	232	5	firm	firm	ADJ
ajfa-13651	232	6	characteristics	characteristic	NOUN
ajfa-13651	232	7	or	or	CCONJ
ajfa-13651	232	8	lower	low	ADJ
ajfa-13651	232	9	propensity	propensity	NOUN
ajfa-13651	232	10	to	to	PART
ajfa-13651	232	11	pay	pay	VERB
ajfa-13651	232	12	?	?	PUNCT
ajfa-13651	232	13	journal	journal	NOUN
ajfa-13651	232	14	of	of	ADP
ajfa-13651	232	15	financial	financial	ADJ
ajfa-13651	232	16	economics	economic	NOUN
ajfa-13651	232	17	,	,	PUNCT
ajfa-13651	232	18	60(1	60(1	NUM
ajfa-13651	232	19	)	)	PUNCT
ajfa-13651	232	20	,	,	PUNCT
ajfa-13651	232	21	3	3	NUM
ajfa-13651	232	22	-	-	SYM
ajfa-13651	232	23	43	43	NUM
ajfa-13651	232	24	.	.	PUNCT
ajfa-13651	233	1	https://doi.org/10.1016/s0304-405x(01)00038-1	https://doi.org/10.1016/s0304-405x(01)00038-1	PROPN
ajfa-13651	233	2	gordon	gordon	PROPN
ajfa-13651	233	3	,	,	PUNCT
ajfa-13651	233	4	m.	m.	NOUN
ajfa-13651	233	5	j.	j.	PROPN
ajfa-13651	233	6	(	(	PUNCT
ajfa-13651	233	7	1963	1963	NUM
ajfa-13651	233	8	)	)	PUNCT
ajfa-13651	233	9	.	.	PUNCT
ajfa-13651	234	1	optimal	optimal	ADJ
ajfa-13651	234	2	investment	investment	NOUN
ajfa-13651	234	3	and	and	CCONJ
ajfa-13651	234	4	financing	financing	NOUN
ajfa-13651	234	5	policy	policy	NOUN
ajfa-13651	234	6	.	.	PUNCT
ajfa-13651	235	1	the	the	DET
ajfa-13651	235	2	journal	journal	PROPN
ajfa-13651	235	3	of	of	ADP
ajfa-13651	235	4	finance	finance	NOUN
ajfa-13651	235	5	,	,	PUNCT
ajfa-13651	235	6	18(2	18(2	NUM
ajfa-13651	235	7	)	)	PUNCT
ajfa-13651	235	8	,	,	PUNCT
ajfa-13651	235	9	264	264	NUM
ajfa-13651	235	10	-	-	SYM
ajfa-13651	235	11	272	272	NUM
ajfa-13651	235	12	.	.	PUNCT
ajfa-13651	236	1	gill	gill	PROPN
ajfa-13651	236	2	,	,	PUNCT
ajfa-13651	236	3	a.	a.	NOUN
ajfa-13651	236	4	,	,	PUNCT
ajfa-13651	236	5	biger	big	ADJ
ajfa-13651	236	6	,	,	PUNCT
ajfa-13651	236	7	n.	n.	NOUN
ajfa-13651	236	8	,	,	PUNCT
ajfa-13651	236	9	&	&	CCONJ
ajfa-13651	236	10	tibrewala	tibrewala	PROPN
ajfa-13651	236	11	,	,	PUNCT
ajfa-13651	236	12	r.	r.	PROPN
ajfa-13651	236	13	(	(	PUNCT
ajfa-13651	236	14	2010	2010	NUM
ajfa-13651	236	15	)	)	PUNCT
ajfa-13651	236	16	.	.	PUNCT
ajfa-13651	237	1	determinants	determinant	NOUN
ajfa-13651	237	2	of	of	ADP
ajfa-13651	237	3	dividend	dividend	NOUN
ajfa-13651	237	4	payout	payout	NOUN
ajfa-13651	237	5	ratios	ratio	NOUN
ajfa-13651	237	6	:	:	PUNCT
ajfa-13651	237	7	evidence	evidence	NOUN
ajfa-13651	237	8	from	from	ADP
ajfa-13651	237	9	united	united	PROPN
ajfa-13651	237	10	states	states	PROPN
ajfa-13651	237	11	.	.	PUNCT
ajfa-13651	238	1	the	the	DET
ajfa-13651	238	2	open	open	ADJ
ajfa-13651	238	3	business	business	NOUN
ajfa-13651	238	4	journal	journal	NOUN
ajfa-13651	238	5	,	,	PUNCT
ajfa-13651	238	6	3(1	3(1	NUM
ajfa-13651	238	7	)	)	PUNCT
ajfa-13651	238	8	,	,	PUNCT
ajfa-13651	238	9	4	4	NUM
ajfa-13651	238	10	-	-	SYM
ajfa-13651	238	11	14	14	NUM
ajfa-13651	238	12	.	.	PUNCT
ajfa-13651	239	1	https://doi.org/10.2174/1874915101003010008	https://doi.org/10.2174/1874915101003010008	NOUN
ajfa-13651	239	2	ho	ho	PROPN
ajfa-13651	239	3	,	,	PUNCT
ajfa-13651	239	4	h.	h.	PROPN
ajfa-13651	239	5	(	(	PUNCT
ajfa-13651	239	6	2003	2003	NUM
ajfa-13651	239	7	)	)	PUNCT
ajfa-13651	239	8	.	.	PUNCT
ajfa-13651	240	1	dividend	dividend	NOUN
ajfa-13651	240	2	policies	policy	NOUN
ajfa-13651	240	3	in	in	ADP
ajfa-13651	240	4	australia	australia	PROPN
ajfa-13651	240	5	and	and	CCONJ
ajfa-13651	240	6	japan	japan	PROPN
ajfa-13651	240	7	.	.	PUNCT
ajfa-13651	241	1	international	international	ADJ
ajfa-13651	241	2	advances	advance	NOUN
ajfa-13651	241	3	in	in	ADP
ajfa-13651	241	4	economic	economic	ADJ
ajfa-13651	241	5	research	research	NOUN
ajfa-13651	241	6	,	,	PUNCT
ajfa-13651	241	7	9(2	9(2	NUM
ajfa-13651	241	8	)	)	PUNCT
ajfa-13651	241	9	,	,	PUNCT
ajfa-13651	241	10	91	91	NUM
ajfa-13651	241	11	-	-	SYM
ajfa-13651	241	12	100	100	NUM
ajfa-13651	241	13	.	.	PUNCT
ajfa-13651	242	1	https://doi.org/10.1007/bf02295710	https://doi.org/10.1007/bf02295710	PROPN
ajfa-13651	242	2	jensen	jensen	PROPN
ajfa-13651	242	3	,	,	PUNCT
ajfa-13651	242	4	g.	g.	PROPN
ajfa-13651	242	5	r.	r.	PROPN
ajfa-13651	242	6	,	,	PUNCT
ajfa-13651	242	7	solberg	solberg	PROPN
ajfa-13651	242	8	,	,	PUNCT
ajfa-13651	242	9	d.	d.	PROPN
ajfa-13651	242	10	p.	p.	PROPN
ajfa-13651	242	11	,	,	PUNCT
ajfa-13651	242	12	&	&	CCONJ
ajfa-13651	242	13	zorn	zorn	PROPN
ajfa-13651	242	14	,	,	PUNCT
ajfa-13651	242	15	t.	t.	PROPN
ajfa-13651	242	16	s.	s.	PROPN
ajfa-13651	242	17	(	(	PUNCT
ajfa-13651	242	18	1992	1992	NUM
ajfa-13651	242	19	)	)	PUNCT
ajfa-13651	242	20	.	.	PUNCT
ajfa-13651	243	1	simultaneous	simultaneous	ADJ
ajfa-13651	243	2	determination	determination	NOUN
ajfa-13651	243	3	of	of	ADP
ajfa-13651	243	4	insider	insider	NOUN
ajfa-13651	243	5	ownership	ownership	NOUN
ajfa-13651	243	6	,	,	PUNCT
ajfa-13651	243	7	debt	debt	NOUN
ajfa-13651	243	8	,	,	PUNCT
ajfa-13651	243	9	and	and	CCONJ
ajfa-13651	243	10	dividend	dividend	NOUN
ajfa-13651	243	11	policies	policy	NOUN
ajfa-13651	243	12	.	.	PUNCT
ajfa-13651	244	1	journal	journal	NOUN
ajfa-13651	244	2	of	of	ADP
ajfa-13651	244	3	financial	financial	ADJ
ajfa-13651	244	4	and	and	CCONJ
ajfa-13651	244	5	quantitative	quantitative	ADJ
ajfa-13651	244	6	analysis	analysis	NOUN
ajfa-13651	244	7	,	,	PUNCT
ajfa-13651	244	8	27(2	27(2	NUM
ajfa-13651	244	9	)	)	PUNCT
ajfa-13651	244	10	,	,	PUNCT
ajfa-13651	244	11	247	247	NUM
ajfa-13651	244	12	-	-	SYM
ajfa-13651	244	13	263	263	NUM
ajfa-13651	244	14	.	.	PUNCT
ajfa-13651	245	1	https://doi.org/10.2307/2331370	https://doi.org/10.2307/2331370	X
ajfa-13651	246	1	jensen	jensen	PROPN
ajfa-13651	246	2	,	,	PUNCT
ajfa-13651	246	3	m.	m.	PROPN
ajfa-13651	246	4	c.	c.	PROPN
ajfa-13651	246	5	(	(	PUNCT
ajfa-13651	246	6	1986	1986	NUM
ajfa-13651	246	7	)	)	PUNCT
ajfa-13651	246	8	.	.	PUNCT
ajfa-13651	247	1	agency	agency	NOUN
ajfa-13651	247	2	costs	cost	NOUN
ajfa-13651	247	3	of	of	ADP
ajfa-13651	247	4	free	free	ADJ
ajfa-13651	247	5	cash	cash	NOUN
ajfa-13651	247	6	flow	flow	NOUN
ajfa-13651	247	7	,	,	PUNCT
ajfa-13651	247	8	corporate	corporate	ADJ
ajfa-13651	247	9	finance	finance	NOUN
ajfa-13651	247	10	,	,	PUNCT
ajfa-13651	247	11	and	and	CCONJ
ajfa-13651	247	12	takeovers	takeover	NOUN
ajfa-13651	247	13	.	.	PUNCT
ajfa-13651	248	1	the	the	DET
ajfa-13651	248	2	american	american	PROPN
ajfa-13651	248	3	economic	economic	PROPN
ajfa-13651	248	4	review	review	PROPN
ajfa-13651	248	5	,	,	PUNCT
ajfa-13651	248	6	76(2	76(2	NUM
ajfa-13651	248	7	)	)	PUNCT
ajfa-13651	248	8	,	,	PUNCT
ajfa-13651	248	9	323	323	NUM
ajfa-13651	248	10	-	-	SYM
ajfa-13651	248	11	329	329	NUM
ajfa-13651	248	12	.	.	PUNCT
ajfa-13651	248	13	lintner	lintner	PROPN
ajfa-13651	248	14	,	,	PUNCT
ajfa-13651	248	15	j.	j.	PROPN
ajfa-13651	248	16	(	(	PUNCT
ajfa-13651	248	17	1956	1956	NUM
ajfa-13651	248	18	)	)	PUNCT
ajfa-13651	248	19	.	.	PUNCT
ajfa-13651	249	1	distribution	distribution	NOUN
ajfa-13651	249	2	of	of	ADP
ajfa-13651	249	3	incomes	income	NOUN
ajfa-13651	249	4	of	of	ADP
ajfa-13651	249	5	corporations	corporation	NOUN
ajfa-13651	249	6	among	among	ADP
ajfa-13651	249	7	dividends	dividend	NOUN
ajfa-13651	249	8	,	,	PUNCT
ajfa-13651	249	9	retained	retain	VERB
ajfa-13651	249	10	earnings	earning	NOUN
ajfa-13651	249	11	,	,	PUNCT
ajfa-13651	249	12	and	and	CCONJ
ajfa-13651	249	13	taxes	taxis	NOUN
ajfa-13651	249	14	.	.	PUNCT
ajfa-13651	250	1	the	the	DET
ajfa-13651	250	2	american	american	PROPN
ajfa-13651	250	3	economic	economic	PROPN
ajfa-13651	250	4	review	review	PROPN
ajfa-13651	250	5	,	,	PUNCT
ajfa-13651	250	6	46(2	46(2	NOUN
ajfa-13651	250	7	)	)	PUNCT
ajfa-13651	250	8	,	,	PUNCT
ajfa-13651	250	9	97	97	NUM
ajfa-13651	250	10	-	-	SYM
ajfa-13651	250	11	113	113	NUM
ajfa-13651	250	12	.	.	PUNCT
ajfa-13651	251	1	liu	liu	PROPN
ajfa-13651	251	2	,	,	PUNCT
ajfa-13651	251	3	s.	s.	PROPN
ajfa-13651	251	4	,	,	PUNCT
ajfa-13651	251	5	&	&	CCONJ
ajfa-13651	251	6	hu	hu	PROPN
ajfa-13651	251	7	,	,	PUNCT
ajfa-13651	251	8	y.	y.	PROPN
ajfa-13651	251	9	(	(	PUNCT
ajfa-13651	251	10	2005	2005	NUM
ajfa-13651	251	11	)	)	PUNCT
ajfa-13651	251	12	.	.	PUNCT
ajfa-13651	252	1	empirical	empirical	ADJ
ajfa-13651	252	2	analysis	analysis	NOUN
ajfa-13651	252	3	of	of	ADP
ajfa-13651	252	4	cash	cash	NOUN
ajfa-13651	252	5	dividend	dividend	NOUN
ajfa-13651	252	6	payment	payment	NOUN
ajfa-13651	252	7	in	in	ADP
ajfa-13651	252	8	chinese	chinese	ADJ
ajfa-13651	252	9	listed	list	VERB
ajfa-13651	252	10	companies	company	NOUN
ajfa-13651	252	11	.	.	PUNCT
ajfa-13651	253	1	nature	nature	NOUN
ajfa-13651	253	2	and	and	CCONJ
ajfa-13651	253	3	science	science	NOUN
ajfa-13651	253	4	,	,	PUNCT
ajfa-13651	253	5	1(3	1(3	NUM
ajfa-13651	253	6	)	)	PUNCT
ajfa-13651	253	7	,	,	PUNCT
ajfa-13651	253	8	65	65	NUM
ajfa-13651	253	9	-	-	SYM
ajfa-13651	253	10	70	70	NUM
ajfa-13651	253	11	.	.	PUNCT
ajfa-13651	254	1	mancinelli	mancinelli	PROPN
ajfa-13651	254	2	,	,	PUNCT
ajfa-13651	254	3	l.	l.	PROPN
ajfa-13651	254	4	,	,	PUNCT
ajfa-13651	254	5	&	&	CCONJ
ajfa-13651	254	6	ozkan	ozkan	PROPN
ajfa-13651	254	7	,	,	PUNCT
ajfa-13651	254	8	a.	a.	NOUN
ajfa-13651	254	9	(	(	PUNCT
ajfa-13651	254	10	2006	2006	NUM
ajfa-13651	254	11	)	)	PUNCT
ajfa-13651	254	12	.	.	PUNCT
ajfa-13651	255	1	ownership	ownership	NOUN
ajfa-13651	255	2	structure	structure	NOUN
ajfa-13651	255	3	and	and	CCONJ
ajfa-13651	255	4	dividend	dividend	NOUN
ajfa-13651	255	5	policy	policy	NOUN
ajfa-13651	255	6	:	:	PUNCT
ajfa-13651	255	7	evidence	evidence	NOUN
ajfa-13651	255	8	from	from	ADP
ajfa-13651	255	9	italian	italian	ADJ
ajfa-13651	255	10	firms	firm	NOUN
ajfa-13651	255	11	.	.	PUNCT
ajfa-13651	256	1	european	european	PROPN
ajfa-13651	256	2	journal	journal	PROPN
ajfa-13651	256	3	of	of	ADP
ajfa-13651	256	4	finance	finance	NOUN
ajfa-13651	256	5	,	,	PUNCT
ajfa-13651	256	6	12(03	12(03	PROPN
ajfa-13651	256	7	)	)	PUNCT
ajfa-13651	256	8	,	,	PUNCT
ajfa-13651	256	9	265	265	NUM
ajfa-13651	256	10	-	-	SYM
ajfa-13651	256	11	282	282	NUM
ajfa-13651	256	12	.	.	PUNCT
ajfa-13651	257	1	https://doi.org/10.1080/13518470500249365	https://doi.org/10.1080/13518470500249365	PROPN
ajfa-13651	257	2	miller	miller	PROPN
ajfa-13651	257	3	,	,	PUNCT
ajfa-13651	257	4	m.	m.	PROPN
ajfa-13651	257	5	h.	h.	PROPN
ajfa-13651	257	6	,	,	PUNCT
ajfa-13651	257	7	&	&	CCONJ
ajfa-13651	257	8	modigliani	modigliani	PROPN
ajfa-13651	257	9	,	,	PUNCT
ajfa-13651	257	10	f.	f.	PROPN
ajfa-13651	257	11	(	(	PUNCT
ajfa-13651	257	12	1961	1961	NUM
ajfa-13651	257	13	)	)	PUNCT
ajfa-13651	257	14	.	.	PUNCT
ajfa-13651	258	1	dividend	dividend	NOUN
ajfa-13651	258	2	policy	policy	NOUN
ajfa-13651	258	3	,	,	PUNCT
ajfa-13651	258	4	growth	growth	NOUN
ajfa-13651	258	5	,	,	PUNCT
ajfa-13651	258	6	and	and	CCONJ
ajfa-13651	258	7	the	the	DET
ajfa-13651	258	8	valuation	valuation	NOUN
ajfa-13651	258	9	of	of	ADP
ajfa-13651	258	10	shares	share	NOUN
ajfa-13651	258	11	.	.	PUNCT
ajfa-13651	259	1	the	the	DET
ajfa-13651	259	2	journal	journal	NOUN
ajfa-13651	259	3	of	of	ADP
ajfa-13651	259	4	business	business	NOUN
ajfa-13651	259	5	,	,	PUNCT
ajfa-13651	259	6	34(4	34(4	NUM
ajfa-13651	259	7	)	)	PUNCT
ajfa-13651	259	8	,	,	PUNCT
ajfa-13651	259	9	411	411	NUM
ajfa-13651	259	10	-	-	SYM
ajfa-13651	259	11	433	433	NUM
ajfa-13651	259	12	.	.	PUNCT
ajfa-13651	260	1	https://doi.org/10.1086/294442	https://doi.org/10.1086/294442	PROPN
ajfa-13651	260	2	miller	miller	PROPN
ajfa-13651	260	3	,	,	PUNCT
ajfa-13651	260	4	m.	m.	PROPN
ajfa-13651	260	5	h.	h.	PROPN
ajfa-13651	260	6	,	,	PUNCT
ajfa-13651	260	7	&	&	CCONJ
ajfa-13651	260	8	rock	rock	PROPN
ajfa-13651	260	9	,	,	PUNCT
ajfa-13651	260	10	k.	k.	PROPN
ajfa-13651	260	11	(	(	PUNCT
ajfa-13651	260	12	1985	1985	NUM
ajfa-13651	260	13	)	)	PUNCT
ajfa-13651	260	14	.	.	PUNCT
ajfa-13651	261	1	dividend	dividend	NOUN
ajfa-13651	261	2	policy	policy	NOUN
ajfa-13651	261	3	under	under	ADP
ajfa-13651	261	4	asymmetric	asymmetric	ADJ
ajfa-13651	261	5	information	information	NOUN
ajfa-13651	261	6	.	.	PUNCT
ajfa-13651	262	1	the	the	DET
ajfa-13651	262	2	journal	journal	PROPN
ajfa-13651	262	3	of	of	ADP
ajfa-13651	262	4	finance	finance	NOUN
ajfa-13651	262	5	,	,	PUNCT
ajfa-13651	262	6	40(4	40(4	NUM
ajfa-13651	262	7	)	)	PUNCT
ajfa-13651	262	8	,	,	PUNCT
ajfa-13651	262	9	1031	1031	NUM
ajfa-13651	262	10	-	-	SYM
ajfa-13651	262	11	1051	1051	NUM
ajfa-13651	262	12	.	.	PUNCT
ajfa-13651	263	1	https://doi.org/10.1111/j.1540-6261.1985.tb02362.x	https://doi.org/10.1111/j.1540-6261.1985.tb02362.x	PROPN
ajfa-13651	263	2	mitton	mitton	PROPN
ajfa-13651	263	3	,	,	PUNCT
ajfa-13651	263	4	t.	t.	PROPN
ajfa-13651	263	5	(	(	PUNCT
ajfa-13651	263	6	2004	2004	NUM
ajfa-13651	263	7	)	)	PUNCT
ajfa-13651	263	8	.	.	PUNCT
ajfa-13651	264	1	corporate	corporate	ADJ
ajfa-13651	264	2	governance	governance	NOUN
ajfa-13651	264	3	and	and	CCONJ
ajfa-13651	264	4	dividend	dividend	NOUN
ajfa-13651	264	5	policy	policy	NOUN
ajfa-13651	264	6	in	in	ADP
ajfa-13651	264	7	emerging	emerge	VERB
ajfa-13651	264	8	markets	market	NOUN
ajfa-13651	264	9	.	.	PUNCT
ajfa-13651	265	1	emerging	emerge	VERB
ajfa-13651	265	2	markets	market	NOUN
ajfa-13651	265	3	review	review	VERB
ajfa-13651	265	4	,	,	PUNCT
ajfa-13651	265	5	5(4	5(4	NUM
ajfa-13651	265	6	)	)	PUNCT
ajfa-13651	265	7	,	,	PUNCT
ajfa-13651	265	8	409	409	NUM
ajfa-13651	265	9	-	-	SYM
ajfa-13651	265	10	426	426	NUM
ajfa-13651	265	11	.	.	PUNCT
ajfa-13651	266	1	https://doi.org/10.1016/j.ememar.2004.05.003	https://doi.org/10.1016/j.ememar.2004.05.003	PROPN
ajfa-13651	266	2	nizar	nizar	PROPN
ajfa-13651	266	3	al	al	PROPN
ajfa-13651	266	4	-	-	PUNCT
ajfa-13651	266	5	malkawi	malkawi	PROPN
ajfa-13651	266	6	,	,	PUNCT
ajfa-13651	266	7	h.-a	h.-a	NOUN
ajfa-13651	266	8	.	.	PUNCT
ajfa-13651	267	1	(	(	PUNCT
ajfa-13651	267	2	2007	2007	NUM
ajfa-13651	267	3	)	)	PUNCT
ajfa-13651	267	4	.	.	PUNCT
ajfa-13651	268	1	determinants	determinant	NOUN
ajfa-13651	268	2	of	of	ADP
ajfa-13651	268	3	corporate	corporate	ADJ
ajfa-13651	268	4	dividend	dividend	NOUN
ajfa-13651	268	5	policy	policy	NOUN
ajfa-13651	268	6	in	in	ADP
ajfa-13651	268	7	jordan	jordan	PROPN
ajfa-13651	268	8	:	:	PUNCT
ajfa-13651	268	9	an	an	DET
ajfa-13651	268	10	application	application	NOUN
ajfa-13651	268	11	of	of	ADP
ajfa-13651	268	12	the	the	DET
ajfa-13651	268	13	tobit	tobit	NOUN
ajfa-13651	268	14	model	model	NOUN
ajfa-13651	268	15	.	.	PUNCT
ajfa-13651	269	1	journal	journal	PROPN
ajfa-13651	269	2	of	of	ADP
ajfa-13651	269	3	economic	economic	ADJ
ajfa-13651	269	4	and	and	CCONJ
ajfa-13651	269	5	administrative	administrative	ADJ
ajfa-13651	269	6	sciences	science	NOUN
ajfa-13651	269	7	,	,	PUNCT
ajfa-13651	269	8	23(2	23(2	NUM
ajfa-13651	269	9	)	)	PUNCT
ajfa-13651	269	10	,	,	PUNCT
ajfa-13651	269	11	44	44	NUM
ajfa-13651	269	12	-	-	SYM
ajfa-13651	269	13	70	70	NUM
ajfa-13651	269	14	.	.	PUNCT
ajfa-13651	270	1	https://doi.org/10.1108/10264116200700007	https://doi.org/10.1108/10264116200700007	ADJ
ajfa-13651	270	2	asian	asian	ADJ
ajfa-13651	270	3	journal	journal	NOUN
ajfa-13651	270	4	of	of	ADP
ajfa-13651	270	5	finance	finance	PROPN
ajfa-13651	270	6	&	&	CCONJ
ajfa-13651	270	7	accounting	accounting	PROPN
ajfa-13651	270	8	issn	issn	PROPN
ajfa-13651	270	9	1946	1946	NUM
ajfa-13651	270	10	-	-	PUNCT
ajfa-13651	270	11	052x	052x	NOUN
ajfa-13651	270	12	2018	2018	NUM
ajfa-13651	270	13	,	,	PUNCT
ajfa-13651	270	14	vol	vol	NOUN
ajfa-13651	270	15	.	.	PROPN
ajfa-13651	271	1	10	10	NUM
ajfa-13651	271	2	,	,	PUNCT
ajfa-13651	271	3	no	no	INTJ
ajfa-13651	271	4	.	.	NOUN
ajfa-13651	271	5	2	2	NUM
ajfa-13651	271	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13651	271	7	29	29	NUM
ajfa-13651	271	8	nguyễn	nguyễn	NOUN
ajfa-13651	271	9	,	,	PUNCT
ajfa-13651	271	10	t.	t.	PROPN
ajfa-13651	271	11	m.	m.	PROPN
ajfa-13651	271	12	h.	h.	PROPN
ajfa-13651	271	13	,	,	PUNCT
ajfa-13651	271	14	nguyễn	nguyễn	VERB
ajfa-13651	271	15	,	,	PUNCT
ajfa-13651	271	16	t.	t.	PROPN
ajfa-13651	271	17	t.	t.	PROPN
ajfa-13651	271	18	d.	d.	PROPN
ajfa-13651	271	19	,	,	PUNCT
ajfa-13651	271	20	&	&	CCONJ
ajfa-13651	271	21	nguyễn	nguyễn	VERB
ajfa-13651	271	22	,	,	PUNCT
ajfa-13651	271	23	t.	t.	PROPN
ajfa-13651	271	24	t.	t.	PROPN
ajfa-13651	271	25	l.	l.	PROPN
ajfa-13651	271	26	(	(	PUNCT
ajfa-13651	271	27	2014	2014	NUM
ajfa-13651	271	28	)	)	PUNCT
ajfa-13651	271	29	.	.	PUNCT
ajfa-13651	272	1	những	những	PROPN
ajfa-13651	272	2	nhân	nhân	PROPN
ajfa-13651	272	3	tố	tố	PROPN
ajfa-13651	272	4	ảnh	ảnh	PROPN
ajfa-13651	272	5	hưởng	hưởng	PROPN
ajfa-13651	272	6	đến	đến	PROPN
ajfa-13651	272	7	chính	chính	PROPN
ajfa-13651	272	8	sách	sách	PROPN
ajfa-13651	272	9	chi	chi	PROPN
ajfa-13651	272	10	trả	trả	PROPN
ajfa-13651	272	11	cổ	cổ	ADV
ajfa-13651	272	12	tức	tức	AUX
ajfa-13651	272	13	của	của	NOUN
ajfa-13651	272	14	các	các	PROPN
ajfa-13651	272	15	công	công	NOUN
ajfa-13651	272	16	ty	ty	INTJ
ajfa-13651	272	17	cổ	cổ	PROPN
ajfa-13651	272	18	phần	phần	PROPN
ajfa-13651	272	19	tại	tại	PROPN
ajfa-13651	272	20	việt	việt	PROPN
ajfa-13651	272	21	nam	nam	PROPN
ajfa-13651	272	22	.	.	PUNCT
ajfa-13651	273	1	tạp	tạp	VERB
ajfa-13651	273	2	chí	chí	PROPN
ajfa-13651	273	3	kinh	kinh	PROPN
ajfa-13651	273	4	tế	tế	NOUN
ajfa-13651	273	5	&	&	CCONJ
ajfa-13651	273	6	phát	phát	PROPN
ajfa-13651	273	7	triển	triển	PROPN
ajfa-13651	273	8	,	,	PUNCT
ajfa-13651	273	9	210(1	210(1	NUM
ajfa-13651	273	10	)	)	PUNCT
ajfa-13651	273	11	,	,	PUNCT
ajfa-13651	273	12	33	33	NUM
ajfa-13651	273	13	-	-	SYM
ajfa-13651	273	14	42	42	NUM
ajfa-13651	273	15	.	.	PUNCT
ajfa-13651	274	1	nguyễn	nguyễn	PROPN
ajfa-13651	274	2	,	,	PUNCT
ajfa-13651	274	3	t.	t.	PROPN
ajfa-13651	274	4	n.	n.	PROPN
ajfa-13651	274	5	t.	t.	PROPN
ajfa-13651	274	6	,	,	PUNCT
ajfa-13651	274	7	&	&	CCONJ
ajfa-13651	274	8	bùi	bùi	PROPN
ajfa-13651	274	9	,	,	PUNCT
ajfa-13651	274	10	k.	k.	PROPN
ajfa-13651	275	1	p.	p.	PROPN
ajfa-13651	275	2	(	(	PUNCT
ajfa-13651	275	3	2018	2018	NUM
ajfa-13651	275	4	)	)	PUNCT
ajfa-13651	275	5	.	.	PUNCT
ajfa-13651	276	1	nghiên	nghiên	PROPN
ajfa-13651	276	2	cứu	cứu	PROPN
ajfa-13651	276	3	các	các	PROPN
ajfa-13651	276	4	yếu	yếu	PROPN
ajfa-13651	276	5	tố	tố	ADP
ajfa-13651	276	6	quyết	quyết	PROPN
ajfa-13651	276	7	định	định	PROPN
ajfa-13651	276	8	đến	đến	PROPN
ajfa-13651	276	9	chính	chính	PROPN
ajfa-13651	276	10	sách	sách	PROPN
ajfa-13651	276	11	chi	chi	PROPN
ajfa-13651	276	12	trả	trả	PROPN
ajfa-13651	276	13	cổ	cổ	ADV
ajfa-13651	276	14	tức	tức	NOUN
ajfa-13651	276	15	bằng	bằng	X
ajfa-13651	276	16	kĩ	kĩ	NOUN
ajfa-13651	276	17	thuật	thuật	PROPN
ajfa-13651	276	18	hồi	hồi	PROPN
ajfa-13651	276	19	quy	quy	PROPN
ajfa-13651	276	20	fama	fama	PROPN
ajfa-13651	276	21	macbeth	macbeth	PROPN
ajfa-13651	276	22	:	:	PUNCT
ajfa-13651	276	23	bằng	bằng	X
ajfa-13651	276	24	chứng	chứng	VERB
ajfa-13651	276	25	thực	thực	PROPN
ajfa-13651	276	26	nghiệm	nghiệm	PROPN
ajfa-13651	276	27	tại	tại	PROPN
ajfa-13651	276	28	việt	việt	PROPN
ajfa-13651	276	29	nam	nam	PROPN
ajfa-13651	276	30	.	.	PROPN
ajfa-13651	276	31	phát	phát	PROPN
ajfa-13651	276	32	triển	triển	PROPN
ajfa-13651	276	33	kinh	kinh	PROPN
ajfa-13651	276	34	tế	tế	NOUN
ajfa-13651	276	35	,	,	PUNCT
ajfa-13651	276	36	28(9	28(9	NOUN
ajfa-13651	276	37	)	)	PUNCT
ajfa-13651	276	38	,	,	PUNCT
ajfa-13651	276	39	4	4	NUM
ajfa-13651	276	40	-	-	SYM
ajfa-13651	276	41	24	24	NUM
ajfa-13651	276	42	.	.	PUNCT
ajfa-13651	277	1	pandey	pandey	PROPN
ajfa-13651	277	2	,	,	PUNCT
ajfa-13651	277	3	i.	i.	PROPN
ajfa-13651	277	4	m.	m.	PROPN
ajfa-13651	277	5	(	(	PUNCT
ajfa-13651	277	6	2001	2001	NUM
ajfa-13651	277	7	)	)	PUNCT
ajfa-13651	277	8	.	.	PUNCT
ajfa-13651	278	1	corporate	corporate	ADJ
ajfa-13651	278	2	dividend	dividend	NOUN
ajfa-13651	278	3	policy	policy	NOUN
ajfa-13651	278	4	and	and	CCONJ
ajfa-13651	278	5	behaviour	behaviour	NOUN
ajfa-13651	278	6	:	:	PUNCT
ajfa-13651	278	7	the	the	DET
ajfa-13651	278	8	malaysian	malaysian	ADJ
ajfa-13651	278	9	experience	experience	NOUN
ajfa-13651	278	10	.	.	PUNCT
ajfa-13651	279	1	working	work	VERB
ajfa-13651	279	2	paper	paper	NOUN
ajfa-13651	279	3	(	(	PUNCT
ajfa-13651	279	4	1	1	NUM
ajfa-13651	279	5	-	-	SYM
ajfa-13651	279	6	21	21	NUM
ajfa-13651	279	7	)	)	PUNCT
ajfa-13651	279	8	.	.	PUNCT
ajfa-13651	280	1	rozeff	rozeff	NOUN
ajfa-13651	280	2	,	,	PUNCT
ajfa-13651	280	3	m.	m.	NOUN
ajfa-13651	280	4	s.	s.	PROPN
ajfa-13651	280	5	(	(	PUNCT
ajfa-13651	280	6	1982	1982	NUM
ajfa-13651	280	7	)	)	PUNCT
ajfa-13651	280	8	.	.	PUNCT
ajfa-13651	281	1	growth	growth	NOUN
ajfa-13651	281	2	,	,	PUNCT
ajfa-13651	281	3	beta	beta	NOUN
ajfa-13651	281	4	and	and	CCONJ
ajfa-13651	281	5	agency	agency	NOUN
ajfa-13651	281	6	costs	cost	NOUN
ajfa-13651	281	7	as	as	ADP
ajfa-13651	281	8	determinants	determinant	NOUN
ajfa-13651	281	9	of	of	ADP
ajfa-13651	281	10	dividend	dividend	NOUN
ajfa-13651	281	11	payout	payout	NOUN
ajfa-13651	281	12	ratios	ratio	NOUN
ajfa-13651	281	13	.	.	PUNCT
ajfa-13651	282	1	journal	journal	NOUN
ajfa-13651	282	2	of	of	ADP
ajfa-13651	282	3	financial	financial	ADJ
ajfa-13651	282	4	research	research	NOUN
ajfa-13651	282	5	,	,	PUNCT
ajfa-13651	282	6	5(3	5(3	NUM
ajfa-13651	282	7	)	)	PUNCT
ajfa-13651	282	8	,	,	PUNCT
ajfa-13651	282	9	249	249	NUM
ajfa-13651	282	10	-	-	SYM
ajfa-13651	282	11	259	259	NUM
ajfa-13651	282	12	.	.	PUNCT
ajfa-13651	283	1	https://doi.org/10.1111/j.1475-6803.1982.tb00299.x	https://doi.org/10.1111/j.1475-6803.1982.tb00299.x	PRON
ajfa-13651	283	2	thanatawee	thanatawee	NOUN
ajfa-13651	283	3	,	,	PUNCT
ajfa-13651	283	4	y.	y.	PROPN
ajfa-13651	283	5	(	(	PUNCT
ajfa-13651	283	6	2013	2013	NUM
ajfa-13651	283	7	)	)	PUNCT
ajfa-13651	283	8	.	.	PUNCT
ajfa-13651	284	1	ownership	ownership	NOUN
ajfa-13651	284	2	structure	structure	NOUN
ajfa-13651	284	3	and	and	CCONJ
ajfa-13651	284	4	dividend	dividend	NOUN
ajfa-13651	284	5	policy	policy	NOUN
ajfa-13651	284	6	:	:	PUNCT
ajfa-13651	284	7	evidence	evidence	NOUN
ajfa-13651	284	8	from	from	ADP
ajfa-13651	284	9	thailand	thailand	PROPN
ajfa-13651	284	10	.	.	PUNCT
ajfa-13651	285	1	international	international	ADJ
ajfa-13651	285	2	journal	journal	PROPN
ajfa-13651	285	3	of	of	ADP
ajfa-13651	285	4	economics	economic	NOUN
ajfa-13651	285	5	and	and	CCONJ
ajfa-13651	285	6	finance	finance	NOUN
ajfa-13651	285	7	,	,	PUNCT
ajfa-13651	285	8	5(1	5(1	NUM
ajfa-13651	285	9	)	)	PUNCT
ajfa-13651	285	10	,	,	PUNCT
ajfa-13651	285	11	121	121	NUM
ajfa-13651	285	12	-	-	SYM
ajfa-13651	285	13	132	132	NUM
ajfa-13651	285	14	.	.	PUNCT
ajfa-13651	286	1	võ	võ	PROPN
ajfa-13651	286	2	,	,	PUNCT
ajfa-13651	286	3	x.	x.	PROPN
ajfa-13651	286	4	v.	v.	PROPN
ajfa-13651	286	5	(	(	PUNCT
ajfa-13651	286	6	2013	2013	NUM
ajfa-13651	286	7	)	)	PUNCT
ajfa-13651	286	8	.	.	PUNCT
ajfa-13651	287	1	các	các	PROPN
ajfa-13651	287	2	yếu	yếu	PROPN
ajfa-13651	287	3	tố	tố	PROPN
ajfa-13651	287	4	tác	tác	PROPN
ajfa-13651	287	5	động	động	PROPN
ajfa-13651	287	6	đến	đến	PROPN
ajfa-13651	287	7	chính	chính	PROPN
ajfa-13651	287	8	sách	sách	PROPN
ajfa-13651	287	9	cổ	cổ	ADV
ajfa-13651	287	10	tức	tức	PROPN
ajfa-13651	287	11	bằng	bằng	PROPN
ajfa-13651	287	12	tiền	tiền	PROPN
ajfa-13651	287	13	mặt	mặt	PROPN
ajfa-13651	287	14	.	.	PUNCT
ajfa-13651	288	1	tạp	tạp	PROPN
ajfa-13651	288	2	chí	chí	PROPN
ajfa-13651	288	3	kinh	kinh	NOUN
ajfa-13651	288	4	tế	tế	NOUN
ajfa-13651	288	5	&	&	CCONJ
ajfa-13651	288	6	phát	phát	PROPN
ajfa-13651	288	7	triển	triển	PROPN
ajfa-13651	288	8	,	,	PUNCT
ajfa-13651	288	9	210(1	210(1	NUM
ajfa-13651	288	10	)	)	PUNCT
ajfa-13651	288	11	,	,	PUNCT
ajfa-13651	288	12	36	36	NUM
ajfa-13651	288	13	-	-	SYM
ajfa-13651	288	14	43	43	NUM
ajfa-13651	288	15	.	.	PUNCT