id	sid	tid	token	lemma	pos
ajfa-13719	1	1	microsoft	microsoft	PROPN
ajfa-13719	1	2	word	word	NOUN
ajfa-13719	1	3	13719	13719	NUM
ajfa-13719	1	4	-	-	SYM
ajfa-13719	1	5	50290	50290	NUM
ajfa-13719	1	6	-	-	PUNCT
ajfa-13719	1	7	1	1	NUM
ajfa-13719	1	8	-	-	PUNCT
ajfa-13719	1	9	rv	rv	NOUN
ajfa-13719	1	10	-	-	PUNCT
ajfa-13719	1	11	writer2	writer2	VERB
ajfa-13719	1	12	-	-	ADJ
ajfa-13719	1	13	new	new	ADJ
ajfa-13719	1	14	asian	asian	ADJ
ajfa-13719	1	15	journal	journal	NOUN
ajfa-13719	1	16	of	of	ADP
ajfa-13719	1	17	finance	finance	PROPN
ajfa-13719	1	18	&	&	CCONJ
ajfa-13719	1	19	accounting	accounting	PROPN
ajfa-13719	1	20	issn	issn	PROPN
ajfa-13719	1	21	1946	1946	NUM
ajfa-13719	1	22	-	-	PUNCT
ajfa-13719	1	23	052x	052x	NOUN
ajfa-13719	1	24	2018	2018	NUM
ajfa-13719	1	25	,	,	PUNCT
ajfa-13719	1	26	vol	vol	NOUN
ajfa-13719	1	27	.	.	PROPN
ajfa-13719	1	28	10	10	NUM
ajfa-13719	1	29	,	,	PUNCT
ajfa-13719	1	30	no	no	INTJ
ajfa-13719	1	31	.	.	NOUN
ajfa-13719	1	32	2	2	NUM
ajfa-13719	1	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	1	34	151	151	NUM
ajfa-13719	1	35	relationship	relationship	NOUN
ajfa-13719	1	36	between	between	ADP
ajfa-13719	1	37	corporate	corporate	ADJ
ajfa-13719	1	38	capital	capital	NOUN
ajfa-13719	1	39	structure	structure	NOUN
ajfa-13719	1	40	and	and	CCONJ
ajfa-13719	1	41	stocks	stock	NOUN
ajfa-13719	1	42	liquidity	liquidity	NOUN
ajfa-13719	1	43	:	:	PUNCT
ajfa-13719	1	44	empirical	empirical	ADJ
ajfa-13719	1	45	evidence	evidence	NOUN
ajfa-13719	1	46	in	in	ADP
ajfa-13719	1	47	vietnam	vietnam	PROPN
ajfa-13719	1	48	vu	vu	PROPN
ajfa-13719	2	1	thi	thi	AUX
ajfa-13719	2	2	thuy	thuy	PROPN
ajfa-13719	2	3	van	van	PROPN
ajfa-13719	2	4	(	(	PUNCT
ajfa-13719	2	5	corresponding	corresponding	ADJ
ajfa-13719	2	6	author	author	NOUN
ajfa-13719	2	7	)	)	PUNCT
ajfa-13719	2	8	school	school	NOUN
ajfa-13719	2	9	of	of	ADP
ajfa-13719	2	10	banking	banking	NOUN
ajfa-13719	2	11	&	&	CCONJ
ajfa-13719	2	12	finance	finance	PROPN
ajfa-13719	2	13	,	,	PUNCT
ajfa-13719	2	14	national	national	ADJ
ajfa-13719	2	15	economics	economic	NOUN
ajfa-13719	2	16	university	university	PROPN
ajfa-13719	2	17	,	,	PUNCT
ajfa-13719	2	18	ha	ha	INTJ
ajfa-13719	2	19	noi	noi	PROPN
ajfa-13719	2	20	,	,	PUNCT
ajfa-13719	2	21	viet	viet	PROPN
ajfa-13719	2	22	nam	nam	PROPN
ajfa-13719	2	23	e	e	PROPN
ajfa-13719	2	24	-	-	NOUN
ajfa-13719	2	25	mail	mail	NOUN
ajfa-13719	2	26	:	:	PUNCT
ajfa-13719	2	27	thuyvan@neu.edu.vn	thuyvan@neu.edu.vn	PROPN
ajfa-13719	2	28	tran	tran	PROPN
ajfa-13719	2	29	thi	thi	VERB
ajfa-13719	2	30	thoa	thoa	NOUN
ajfa-13719	2	31	school	school	NOUN
ajfa-13719	2	32	of	of	ADP
ajfa-13719	2	33	banking	banking	NOUN
ajfa-13719	2	34	&	&	CCONJ
ajfa-13719	2	35	finance	finance	PROPN
ajfa-13719	2	36	,	,	PUNCT
ajfa-13719	2	37	national	national	ADJ
ajfa-13719	2	38	economics	economic	NOUN
ajfa-13719	2	39	university	university	PROPN
ajfa-13719	2	40	,	,	PUNCT
ajfa-13719	2	41	ha	ha	INTJ
ajfa-13719	2	42	noi	noi	PROPN
ajfa-13719	2	43	,	,	PUNCT
ajfa-13719	2	44	viet	viet	PROPN
ajfa-13719	2	45	nam	nam	PROPN
ajfa-13719	2	46	e	e	PROPN
ajfa-13719	2	47	-	-	NOUN
ajfa-13719	2	48	mail	mail	NOUN
ajfa-13719	2	49	:	:	PUNCT
ajfa-13719	2	50	thoa97at@gmail.com	thoa97at@gmail.com	PROPN
ajfa-13719	2	51	ngo	ngo	PROPN
ajfa-13719	2	52	thanh	thanh	PROPN
ajfa-13719	2	53	xuan	xuan	PROPN
ajfa-13719	2	54	school	school	PROPN
ajfa-13719	2	55	of	of	ADP
ajfa-13719	2	56	banking	banking	NOUN
ajfa-13719	2	57	&	&	CCONJ
ajfa-13719	2	58	finance	finance	PROPN
ajfa-13719	2	59	,	,	PUNCT
ajfa-13719	2	60	national	national	ADJ
ajfa-13719	2	61	economics	economic	NOUN
ajfa-13719	2	62	university	university	PROPN
ajfa-13719	2	63	,	,	PUNCT
ajfa-13719	2	64	ha	ha	INTJ
ajfa-13719	2	65	noi	noi	PROPN
ajfa-13719	2	66	,	,	PUNCT
ajfa-13719	2	67	viet	viet	PROPN
ajfa-13719	2	68	nam	nam	PROPN
ajfa-13719	2	69	e	e	PROPN
ajfa-13719	2	70	-	-	NOUN
ajfa-13719	2	71	mail	mail	NOUN
ajfa-13719	2	72	:	:	PUNCT
ajfa-13719	3	1	xuantn@neu.edu.vn	xuantn@neu.edu.vn	PROPN
ajfa-13719	3	2	nguyen	nguyen	PROPN
ajfa-13719	3	3	nhat	nhat	PROPN
ajfa-13719	3	4	linh	linh	INTJ
ajfa-13719	3	5	school	school	NOUN
ajfa-13719	3	6	of	of	ADP
ajfa-13719	3	7	banking	banking	NOUN
ajfa-13719	3	8	&	&	CCONJ
ajfa-13719	3	9	finance	finance	PROPN
ajfa-13719	3	10	,	,	PUNCT
ajfa-13719	3	11	national	national	ADJ
ajfa-13719	3	12	economics	economic	NOUN
ajfa-13719	3	13	university	university	PROPN
ajfa-13719	3	14	,	,	PUNCT
ajfa-13719	3	15	ha	ha	INTJ
ajfa-13719	3	16	noi	noi	PROPN
ajfa-13719	3	17	,	,	PUNCT
ajfa-13719	3	18	viet	viet	PROPN
ajfa-13719	3	19	nam	nam	PROPN
ajfa-13719	3	20	e	e	PROPN
ajfa-13719	3	21	-	-	NOUN
ajfa-13719	3	22	mail	mail	NOUN
ajfa-13719	3	23	:	:	PUNCT
ajfa-13719	3	24	nhatlinhkss.nhtc@neu.edu.vn	nhatlinhkss.nhtc@neu.edu.vn	PROPN
ajfa-13719	3	25	received	receive	VERB
ajfa-13719	3	26	:	:	PUNCT
ajfa-13719	3	27	sep	sep	PROPN
ajfa-13719	3	28	.	.	PROPN
ajfa-13719	3	29	29	29	NUM
ajfa-13719	3	30	,	,	PUNCT
ajfa-13719	3	31	2018	2018	NUM
ajfa-13719	3	32	accepted	accept	VERB
ajfa-13719	3	33	:	:	PUNCT
ajfa-13719	3	34	nov	nov	PROPN
ajfa-13719	3	35	.	.	PROPN
ajfa-13719	3	36	26	26	NUM
ajfa-13719	3	37	,	,	PUNCT
ajfa-13719	3	38	2018	2018	NUM
ajfa-13719	3	39	published	publish	VERB
ajfa-13719	3	40	:	:	PUNCT
ajfa-13719	3	41	december	december	PROPN
ajfa-13719	3	42	1	1	NUM
ajfa-13719	3	43	,	,	PUNCT
ajfa-13719	3	44	2018	2018	NUM
ajfa-13719	3	45	doi:10.5296	doi:10.5296	NOUN
ajfa-13719	3	46	/	/	SYM
ajfa-13719	3	47	ajfa.v10i2.13719	ajfa.v10i2.13719	NOUN
ajfa-13719	3	48	url	url	PROPN
ajfa-13719	3	49	:	:	PUNCT
ajfa-13719	3	50	https://doi.org/10.5296/ajfa.v10i2.13719	https://doi.org/10.5296/ajfa.v10i2.13719	X
ajfa-13719	4	1	abstract	abstract	ADJ
ajfa-13719	4	2	the	the	DET
ajfa-13719	4	3	paper	paper	NOUN
ajfa-13719	4	4	examines	examine	VERB
ajfa-13719	4	5	the	the	DET
ajfa-13719	4	6	impact	impact	NOUN
ajfa-13719	4	7	of	of	ADP
ajfa-13719	4	8	capital	capital	NOUN
ajfa-13719	4	9	structure	structure	NOUN
ajfa-13719	4	10	on	on	ADP
ajfa-13719	4	11	the	the	DET
ajfa-13719	4	12	liquidity	liquidity	NOUN
ajfa-13719	4	13	of	of	ADP
ajfa-13719	4	14	listed	list	VERB
ajfa-13719	4	15	shares	share	NOUN
ajfa-13719	4	16	on	on	ADP
ajfa-13719	4	17	the	the	DET
ajfa-13719	4	18	ho	ho	PROPN
ajfa-13719	4	19	chi	chi	PROPN
ajfa-13719	4	20	minh	minh	PROPN
ajfa-13719	4	21	city	city	PROPN
ajfa-13719	4	22	stock	stock	NOUN
ajfa-13719	4	23	exchange	exchange	PROPN
ajfa-13719	4	24	,	,	PUNCT
ajfa-13719	4	25	which	which	PRON
ajfa-13719	4	26	includes	include	VERB
ajfa-13719	4	27	1078	1078	NUM
ajfa-13719	4	28	observations	observation	NOUN
ajfa-13719	4	29	during	during	ADP
ajfa-13719	4	30	the	the	DET
ajfa-13719	4	31	period	period	NOUN
ajfa-13719	4	32	of	of	ADP
ajfa-13719	4	33	2011	2011	NUM
ajfa-13719	4	34	–	–	PUNCT
ajfa-13719	4	35	2017	2017	NUM
ajfa-13719	4	36	.	.	PUNCT
ajfa-13719	5	1	in	in	ADP
ajfa-13719	5	2	addition	addition	NOUN
ajfa-13719	5	3	to	to	ADP
ajfa-13719	5	4	the	the	DET
ajfa-13719	5	5	capital	capital	NOUN
ajfa-13719	5	6	structure	structure	NOUN
ajfa-13719	5	7	,	,	PUNCT
ajfa-13719	5	8	the	the	DET
ajfa-13719	5	9	study	study	NOUN
ajfa-13719	5	10	also	also	ADV
ajfa-13719	5	11	looked	look	VERB
ajfa-13719	5	12	at	at	ADP
ajfa-13719	5	13	the	the	DET
ajfa-13719	5	14	impact	impact	NOUN
ajfa-13719	5	15	of	of	ADP
ajfa-13719	5	16	controlled	control	VERB
ajfa-13719	5	17	variables	variable	NOUN
ajfa-13719	5	18	including	include	VERB
ajfa-13719	5	19	profitability	profitability	NOUN
ajfa-13719	5	20	(	(	PUNCT
ajfa-13719	5	21	ros	ros	PROPN
ajfa-13719	5	22	)	)	PUNCT
ajfa-13719	5	23	,	,	PUNCT
ajfa-13719	5	24	corporate	corporate	ADJ
ajfa-13719	5	25	value	value	NOUN
ajfa-13719	5	26	(	(	PUNCT
ajfa-13719	5	27	tobin	tobin	PROPN
ajfa-13719	5	28	’s	’s	PART
ajfa-13719	5	29	q	q	X
ajfa-13719	5	30	)	)	PUNCT
ajfa-13719	5	31	and	and	CCONJ
ajfa-13719	5	32	size	size	NOUN
ajfa-13719	5	33	of	of	ADP
ajfa-13719	5	34	the	the	DET
ajfa-13719	5	35	business	business	NOUN
ajfa-13719	5	36	(	(	PUNCT
ajfa-13719	5	37	size	size	NOUN
ajfa-13719	5	38	)	)	PUNCT
ajfa-13719	5	39	on	on	ADP
ajfa-13719	5	40	the	the	DET
ajfa-13719	5	41	liquidity	liquidity	NOUN
ajfa-13719	5	42	of	of	ADP
ajfa-13719	5	43	listed	list	VERB
ajfa-13719	5	44	shares	share	NOUN
ajfa-13719	5	45	.	.	PUNCT
ajfa-13719	6	1	the	the	DET
ajfa-13719	6	2	results	result	NOUN
ajfa-13719	6	3	show	show	VERB
ajfa-13719	6	4	that	that	SCONJ
ajfa-13719	6	5	the	the	DET
ajfa-13719	6	6	capital	capital	NOUN
ajfa-13719	6	7	structure	structure	NOUN
ajfa-13719	6	8	has	have	VERB
ajfa-13719	6	9	asian	asian	ADJ
ajfa-13719	6	10	journal	journal	NOUN
ajfa-13719	6	11	of	of	ADP
ajfa-13719	6	12	finance	finance	PROPN
ajfa-13719	6	13	&	&	CCONJ
ajfa-13719	6	14	accounting	accounting	PROPN
ajfa-13719	6	15	issn	issn	PROPN
ajfa-13719	6	16	1946	1946	NUM
ajfa-13719	6	17	-	-	PUNCT
ajfa-13719	6	18	052x	052x	NOUN
ajfa-13719	6	19	2018	2018	NUM
ajfa-13719	6	20	,	,	PUNCT
ajfa-13719	6	21	vol	vol	NOUN
ajfa-13719	6	22	.	.	PROPN
ajfa-13719	7	1	10	10	NUM
ajfa-13719	7	2	,	,	PUNCT
ajfa-13719	7	3	no	no	INTJ
ajfa-13719	7	4	.	.	NOUN
ajfa-13719	7	5	2	2	NUM
ajfa-13719	7	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	7	7	152	152	NUM
ajfa-13719	7	8	inherently	inherently	ADV
ajfa-13719	7	9	inverse	inverse	ADJ
ajfa-13719	7	10	relationship	relationship	NOUN
ajfa-13719	7	11	,	,	PUNCT
ajfa-13719	7	12	while	while	SCONJ
ajfa-13719	7	13	the	the	DET
ajfa-13719	7	14	controlled	control	VERB
ajfa-13719	7	15	variables	variable	NOUN
ajfa-13719	7	16	in	in	ADP
ajfa-13719	7	17	the	the	DET
ajfa-13719	7	18	model	model	NOUN
ajfa-13719	7	19	have	have	VERB
ajfa-13719	7	20	a	a	DET
ajfa-13719	7	21	positive	positive	ADJ
ajfa-13719	7	22	relationship	relationship	NOUN
ajfa-13719	7	23	with	with	ADP
ajfa-13719	7	24	stocks	stock	NOUN
ajfa-13719	7	25	’	'	PUNCT
ajfa-13719	7	26	liquidity	liquidity	NOUN
ajfa-13719	7	27	.	.	PUNCT
ajfa-13719	8	1	keywords	keyword	NOUN
ajfa-13719	8	2	:	:	PUNCT
ajfa-13719	8	3	capital	capital	NOUN
ajfa-13719	8	4	structure	structure	NOUN
ajfa-13719	8	5	,	,	PUNCT
ajfa-13719	8	6	liquidity	liquidity	NOUN
ajfa-13719	8	7	,	,	PUNCT
ajfa-13719	8	8	corporate	corporate	ADJ
ajfa-13719	8	9	value	value	NOUN
ajfa-13719	8	10	,	,	PUNCT
ajfa-13719	8	11	stock	stock	NOUN
ajfa-13719	8	12	market	market	NOUN
ajfa-13719	8	13	,	,	PUNCT
ajfa-13719	8	14	financial	financial	ADJ
ajfa-13719	8	15	leverage	leverage	NOUN
ajfa-13719	8	16	asian	asian	ADJ
ajfa-13719	8	17	journal	journal	NOUN
ajfa-13719	8	18	of	of	ADP
ajfa-13719	8	19	finance	finance	PROPN
ajfa-13719	8	20	&	&	CCONJ
ajfa-13719	8	21	accounting	accounting	PROPN
ajfa-13719	8	22	issn	issn	PROPN
ajfa-13719	8	23	1946	1946	NUM
ajfa-13719	8	24	-	-	PUNCT
ajfa-13719	8	25	052x	052x	NOUN
ajfa-13719	8	26	2018	2018	NUM
ajfa-13719	8	27	,	,	PUNCT
ajfa-13719	8	28	vol	vol	NOUN
ajfa-13719	8	29	.	.	PROPN
ajfa-13719	8	30	10	10	NUM
ajfa-13719	8	31	,	,	PUNCT
ajfa-13719	8	32	no	no	INTJ
ajfa-13719	8	33	.	.	NOUN
ajfa-13719	8	34	2	2	NUM
ajfa-13719	8	35	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	8	36	153	153	NUM
ajfa-13719	8	37	1	1	NUM
ajfa-13719	8	38	.	.	PUNCT
ajfa-13719	9	1	introduction	introduction	NOUN
ajfa-13719	9	2	for	for	ADP
ajfa-13719	9	3	a	a	DET
ajfa-13719	9	4	business	business	NOUN
ajfa-13719	9	5	,	,	PUNCT
ajfa-13719	9	6	liquidity	liquidity	NOUN
ajfa-13719	9	7	is	be	AUX
ajfa-13719	9	8	the	the	DET
ajfa-13719	9	9	top	top	ADJ
ajfa-13719	9	10	priority	priority	NOUN
ajfa-13719	9	11	,	,	PUNCT
ajfa-13719	9	12	because	because	SCONJ
ajfa-13719	9	13	it	it	PRON
ajfa-13719	9	14	is	be	AUX
ajfa-13719	9	15	the	the	DET
ajfa-13719	9	16	status	status	NOUN
ajfa-13719	9	17	,	,	PUNCT
ajfa-13719	9	18	prestige	prestige	NOUN
ajfa-13719	9	19	,	,	PUNCT
ajfa-13719	9	20	the	the	DET
ajfa-13719	9	21	power	power	NOUN
ajfa-13719	9	22	of	of	ADP
ajfa-13719	9	23	a	a	DET
ajfa-13719	9	24	business	business	NOUN
ajfa-13719	9	25	.	.	PUNCT
ajfa-13719	10	1	the	the	DET
ajfa-13719	10	2	stock	stock	NOUN
ajfa-13719	10	3	's	's	PART
ajfa-13719	10	4	liquidity	liquidity	NOUN
ajfa-13719	10	5	is	be	AUX
ajfa-13719	10	6	good	good	ADJ
ajfa-13719	10	7	when	when	SCONJ
ajfa-13719	10	8	the	the	DET
ajfa-13719	10	9	stock	stock	NOUN
ajfa-13719	10	10	is	be	AUX
ajfa-13719	10	11	easy	easy	ADJ
ajfa-13719	10	12	to	to	PART
ajfa-13719	10	13	trade	trade	VERB
ajfa-13719	10	14	on	on	ADP
ajfa-13719	10	15	the	the	DET
ajfa-13719	10	16	market	market	NOUN
ajfa-13719	10	17	,	,	PUNCT
ajfa-13719	10	18	attracting	attract	VERB
ajfa-13719	10	19	investors	investor	NOUN
ajfa-13719	10	20	to	to	PART
ajfa-13719	10	21	invest	invest	VERB
ajfa-13719	10	22	in	in	ADP
ajfa-13719	10	23	to	to	PART
ajfa-13719	10	24	find	find	VERB
ajfa-13719	10	25	profitable	profitable	ADJ
ajfa-13719	10	26	investment	investment	NOUN
ajfa-13719	10	27	opportunities	opportunity	NOUN
ajfa-13719	10	28	,	,	PUNCT
ajfa-13719	10	29	helping	help	VERB
ajfa-13719	10	30	the	the	DET
ajfa-13719	10	31	business	business	NOUN
ajfa-13719	10	32	mobilize	mobilize	VERB
ajfa-13719	10	33	large	large	ADJ
ajfa-13719	10	34	capitals	capital	NOUN
ajfa-13719	10	35	.	.	PUNCT
ajfa-13719	11	1	conversely	conversely	ADV
ajfa-13719	11	2	,	,	PUNCT
ajfa-13719	11	3	if	if	SCONJ
ajfa-13719	11	4	the	the	DET
ajfa-13719	11	5	stock	stock	NOUN
ajfa-13719	11	6	of	of	ADP
ajfa-13719	11	7	a	a	DET
ajfa-13719	11	8	business	business	NOUN
ajfa-13719	11	9	is	be	AUX
ajfa-13719	11	10	less	less	ADV
ajfa-13719	11	11	liquid	liquid	ADJ
ajfa-13719	11	12	,	,	PUNCT
ajfa-13719	11	13	the	the	DET
ajfa-13719	11	14	business	business	NOUN
ajfa-13719	11	15	will	will	AUX
ajfa-13719	11	16	suffer	suffer	VERB
ajfa-13719	11	17	negative	negative	ADJ
ajfa-13719	11	18	impact	impact	NOUN
ajfa-13719	11	19	on	on	ADP
ajfa-13719	11	20	the	the	DET
ajfa-13719	11	21	performance	performance	NOUN
ajfa-13719	11	22	,	,	PUNCT
ajfa-13719	11	23	resulting	result	VERB
ajfa-13719	11	24	in	in	ADP
ajfa-13719	11	25	the	the	DET
ajfa-13719	11	26	sale	sale	NOUN
ajfa-13719	11	27	of	of	ADP
ajfa-13719	11	28	investment	investment	NOUN
ajfa-13719	11	29	projects	project	NOUN
ajfa-13719	11	30	,	,	PUNCT
ajfa-13719	11	31	assets	asset	NOUN
ajfa-13719	11	32	,	,	PUNCT
ajfa-13719	11	33	capital	capital	NOUN
ajfa-13719	11	34	mobilization	mobilization	NOUN
ajfa-13719	11	35	with	with	ADP
ajfa-13719	11	36	high	high	ADJ
ajfa-13719	11	37	fees	fee	NOUN
ajfa-13719	11	38	and	and	CCONJ
ajfa-13719	11	39	the	the	DET
ajfa-13719	11	40	worst	bad	ADJ
ajfa-13719	11	41	scenario	scenario	NOUN
ajfa-13719	11	42	is	be	AUX
ajfa-13719	11	43	bankruptcy	bankruptcy	NOUN
ajfa-13719	11	44	.	.	PUNCT
ajfa-13719	12	1	over	over	ADP
ajfa-13719	12	2	the	the	DET
ajfa-13719	12	3	past	past	ADJ
ajfa-13719	12	4	ten	ten	NUM
ajfa-13719	12	5	years	year	NOUN
ajfa-13719	12	6	,	,	PUNCT
ajfa-13719	12	7	the	the	DET
ajfa-13719	12	8	financial	financial	ADJ
ajfa-13719	12	9	market	market	NOUN
ajfa-13719	12	10	in	in	ADP
ajfa-13719	12	11	vietnam	vietnam	PROPN
ajfa-13719	12	12	has	have	AUX
ajfa-13719	12	13	grown	grow	VERB
ajfa-13719	12	14	exponentially	exponentially	ADV
ajfa-13719	12	15	but	but	CCONJ
ajfa-13719	12	16	also	also	ADV
ajfa-13719	12	17	contains	contain	VERB
ajfa-13719	12	18	many	many	ADJ
ajfa-13719	12	19	inherent	inherent	ADJ
ajfa-13719	12	20	risks	risk	NOUN
ajfa-13719	12	21	depending	depend	VERB
ajfa-13719	12	22	on	on	ADP
ajfa-13719	12	23	the	the	DET
ajfa-13719	12	24	fluctuation	fluctuation	NOUN
ajfa-13719	12	25	of	of	ADP
ajfa-13719	12	26	the	the	DET
ajfa-13719	12	27	macro	macro	ADJ
ajfa-13719	12	28	economy	economy	NOUN
ajfa-13719	12	29	and	and	CCONJ
ajfa-13719	12	30	the	the	DET
ajfa-13719	12	31	enterprises	enterprise	NOUN
ajfa-13719	12	32	themselves	themselves	PRON
ajfa-13719	12	33	.	.	PUNCT
ajfa-13719	13	1	on	on	ADP
ajfa-13719	13	2	the	the	DET
ajfa-13719	13	3	stock	stock	NOUN
ajfa-13719	13	4	market	market	NOUN
ajfa-13719	13	5	,	,	PUNCT
ajfa-13719	13	6	the	the	DET
ajfa-13719	13	7	risk	risk	NOUN
ajfa-13719	13	8	of	of	ADP
ajfa-13719	13	9	stock	stock	NOUN
ajfa-13719	13	10	liquidity	liquidity	NOUN
ajfa-13719	13	11	is	be	AUX
ajfa-13719	13	12	increasing	increase	VERB
ajfa-13719	13	13	with	with	ADP
ajfa-13719	13	14	more	more	ADJ
ajfa-13719	13	15	complex	complex	ADJ
ajfa-13719	13	16	trends	trend	NOUN
ajfa-13719	13	17	.	.	PUNCT
ajfa-13719	14	1	one	one	NUM
ajfa-13719	14	2	of	of	ADP
ajfa-13719	14	3	the	the	DET
ajfa-13719	14	4	fundamental	fundamental	ADJ
ajfa-13719	14	5	reasons	reason	NOUN
ajfa-13719	14	6	is	be	AUX
ajfa-13719	14	7	that	that	SCONJ
ajfa-13719	14	8	financial	financial	ADJ
ajfa-13719	14	9	management	management	NOUN
ajfa-13719	14	10	in	in	ADP
ajfa-13719	14	11	many	many	ADJ
ajfa-13719	14	12	businesses	business	NOUN
ajfa-13719	14	13	is	be	AUX
ajfa-13719	14	14	not	not	PART
ajfa-13719	14	15	respected	respect	VERB
ajfa-13719	14	16	.	.	PUNCT
ajfa-13719	15	1	facing	face	VERB
ajfa-13719	15	2	the	the	DET
ajfa-13719	15	3	opportunities	opportunity	NOUN
ajfa-13719	15	4	and	and	CCONJ
ajfa-13719	15	5	challenges	challenge	NOUN
ajfa-13719	15	6	of	of	ADP
ajfa-13719	15	7	the	the	DET
ajfa-13719	15	8	economic	economic	ADJ
ajfa-13719	15	9	reform	reform	NOUN
ajfa-13719	15	10	process	process	NOUN
ajfa-13719	15	11	,	,	PUNCT
ajfa-13719	15	12	the	the	DET
ajfa-13719	15	13	efficient	efficient	ADJ
ajfa-13719	15	14	use	use	NOUN
ajfa-13719	15	15	of	of	ADP
ajfa-13719	15	16	resources	resource	NOUN
ajfa-13719	15	17	for	for	ADP
ajfa-13719	15	18	development	development	NOUN
ajfa-13719	15	19	,	,	PUNCT
ajfa-13719	15	20	including	include	VERB
ajfa-13719	15	21	capital	capital	NOUN
ajfa-13719	15	22	resources	resource	NOUN
ajfa-13719	15	23	,	,	PUNCT
ajfa-13719	15	24	needs	need	VERB
ajfa-13719	15	25	to	to	PART
ajfa-13719	15	26	be	be	AUX
ajfa-13719	15	27	paid	pay	VERB
ajfa-13719	15	28	more	more	ADJ
ajfa-13719	15	29	attention	attention	NOUN
ajfa-13719	15	30	by	by	ADP
ajfa-13719	15	31	businesses	business	NOUN
ajfa-13719	15	32	.	.	PUNCT
ajfa-13719	16	1	many	many	ADJ
ajfa-13719	16	2	empirical	empirical	ADJ
ajfa-13719	16	3	studies	study	NOUN
ajfa-13719	16	4	in	in	ADP
ajfa-13719	16	5	the	the	DET
ajfa-13719	16	6	world	world	NOUN
ajfa-13719	16	7	and	and	CCONJ
ajfa-13719	16	8	vietnam	vietnam	PROPN
ajfa-13719	16	9	have	have	AUX
ajfa-13719	16	10	examined	examine	VERB
ajfa-13719	16	11	the	the	DET
ajfa-13719	16	12	relationship	relationship	NOUN
ajfa-13719	16	13	between	between	ADP
ajfa-13719	16	14	capital	capital	NOUN
ajfa-13719	16	15	structure	structure	NOUN
ajfa-13719	16	16	and	and	CCONJ
ajfa-13719	16	17	liquidity	liquidity	NOUN
ajfa-13719	16	18	of	of	ADP
ajfa-13719	16	19	stocks	stock	NOUN
ajfa-13719	16	20	.	.	PUNCT
ajfa-13719	17	1	however	however	ADV
ajfa-13719	17	2	,	,	PUNCT
ajfa-13719	17	3	past	past	ADJ
ajfa-13719	17	4	researches	research	NOUN
ajfa-13719	17	5	have	have	AUX
ajfa-13719	17	6	not	not	PART
ajfa-13719	17	7	yet	yet	ADV
ajfa-13719	17	8	clarified	clarify	VERB
ajfa-13719	17	9	the	the	DET
ajfa-13719	17	10	effect	effect	NOUN
ajfa-13719	17	11	of	of	ADP
ajfa-13719	17	12	capital	capital	NOUN
ajfa-13719	17	13	structure	structure	NOUN
ajfa-13719	17	14	on	on	ADP
ajfa-13719	17	15	stock	stock	NOUN
ajfa-13719	17	16	liquidity	liquidity	NOUN
ajfa-13719	17	17	but	but	CCONJ
ajfa-13719	17	18	mainly	mainly	ADV
ajfa-13719	17	19	focused	focus	VERB
ajfa-13719	17	20	on	on	ADP
ajfa-13719	17	21	studying	study	VERB
ajfa-13719	17	22	the	the	DET
ajfa-13719	17	23	effect	effect	NOUN
ajfa-13719	17	24	of	of	ADP
ajfa-13719	17	25	stock	stock	NOUN
ajfa-13719	17	26	liquidity	liquidity	NOUN
ajfa-13719	17	27	on	on	ADP
ajfa-13719	17	28	capital	capital	NOUN
ajfa-13719	17	29	structure	structure	NOUN
ajfa-13719	17	30	decision	decision	NOUN
ajfa-13719	17	31	.	.	PUNCT
ajfa-13719	18	1	based	base	VERB
ajfa-13719	18	2	on	on	ADP
ajfa-13719	18	3	the	the	DET
ajfa-13719	18	4	above	above	ADJ
ajfa-13719	18	5	reasons	reason	NOUN
ajfa-13719	18	6	,	,	PUNCT
ajfa-13719	18	7	the	the	DET
ajfa-13719	18	8	authors	author	NOUN
ajfa-13719	18	9	decided	decide	VERB
ajfa-13719	18	10	to	to	PART
ajfa-13719	18	11	select	select	VERB
ajfa-13719	18	12	the	the	DET
ajfa-13719	18	13	topic	topic	NOUN
ajfa-13719	18	14	"	"	PUNCT
ajfa-13719	18	15	relationship	relationship	NOUN
ajfa-13719	18	16	between	between	ADP
ajfa-13719	18	17	corporate	corporate	ADJ
ajfa-13719	18	18	capital	capital	NOUN
ajfa-13719	18	19	structure	structure	NOUN
ajfa-13719	18	20	and	and	CCONJ
ajfa-13719	18	21	stock	stock	NOUN
ajfa-13719	18	22	liquidity	liquidity	NOUN
ajfa-13719	18	23	:	:	PUNCT
ajfa-13719	18	24	empirical	empirical	ADJ
ajfa-13719	18	25	evidence	evidence	NOUN
ajfa-13719	18	26	in	in	ADP
ajfa-13719	18	27	vietnam	vietnam	PROPN
ajfa-13719	18	28	"	"	PUNCT
ajfa-13719	18	29	.	.	PUNCT
ajfa-13719	19	1	2	2	X
ajfa-13719	19	2	.	.	X
ajfa-13719	19	3	theoretical	theoretical	ADJ
ajfa-13719	19	4	background	background	NOUN
ajfa-13719	19	5	2.1	2.1	NUM
ajfa-13719	19	6	some	some	DET
ajfa-13719	19	7	theories	theory	NOUN
ajfa-13719	19	8	concerning	concern	VERB
ajfa-13719	19	9	the	the	DET
ajfa-13719	19	10	corporate	corporate	ADJ
ajfa-13719	19	11	capital	capital	NOUN
ajfa-13719	19	12	structure	structure	NOUN
ajfa-13719	19	13	and	and	CCONJ
ajfa-13719	19	14	stock	stock	NOUN
ajfa-13719	19	15	liquidity	liquidity	NOUN
ajfa-13719	19	16	2.1.1	2.1.1	NUM
ajfa-13719	19	17	theories	theory	NOUN
ajfa-13719	19	18	of	of	ADP
ajfa-13719	19	19	capital	capital	NOUN
ajfa-13719	19	20	structure	structure	NOUN
ajfa-13719	19	21	trade	trade	NOUN
ajfa-13719	19	22	-	-	PUNCT
ajfa-13719	19	23	offs	off	NOUN
ajfa-13719	19	24	theory	theory	NOUN
ajfa-13719	19	25	of	of	ADP
ajfa-13719	19	26	capital	capital	NOUN
ajfa-13719	19	27	structure	structure	NOUN
ajfa-13719	19	28	:	:	PUNCT
ajfa-13719	19	29	the	the	DET
ajfa-13719	19	30	theory	theory	NOUN
ajfa-13719	19	31	of	of	ADP
ajfa-13719	19	32	modern	modern	ADJ
ajfa-13719	19	33	capitalism	capitalism	NOUN
ajfa-13719	19	34	derives	derive	VERB
ajfa-13719	19	35	from	from	ADP
ajfa-13719	19	36	modigliani	modigliani	PROPN
ajfa-13719	19	37	and	and	CCONJ
ajfa-13719	19	38	miller	miller	PROPN
ajfa-13719	19	39	(	(	PUNCT
ajfa-13719	19	40	1958	1958	NUM
ajfa-13719	19	41	)	)	PUNCT
ajfa-13719	19	42	.	.	PUNCT
ajfa-13719	20	1	the	the	DET
ajfa-13719	20	2	main	main	ADJ
ajfa-13719	20	3	hypothesis	hypothesis	NOUN
ajfa-13719	20	4	of	of	ADP
ajfa-13719	20	5	the	the	DET
ajfa-13719	20	6	study	study	NOUN
ajfa-13719	20	7	is	be	AUX
ajfa-13719	20	8	that	that	SCONJ
ajfa-13719	20	9	the	the	DET
ajfa-13719	20	10	value	value	NOUN
ajfa-13719	20	11	of	of	ADP
ajfa-13719	20	12	a	a	DET
ajfa-13719	20	13	company	company	NOUN
ajfa-13719	20	14	is	be	AUX
ajfa-13719	20	15	independent	independent	ADJ
ajfa-13719	20	16	from	from	ADP
ajfa-13719	20	17	its	its	PRON
ajfa-13719	20	18	capital	capital	NOUN
ajfa-13719	20	19	structure	structure	NOUN
ajfa-13719	20	20	.	.	PUNCT
ajfa-13719	21	1	in	in	ADP
ajfa-13719	21	2	1963	1963	NUM
ajfa-13719	21	3	,	,	PUNCT
ajfa-13719	21	4	they	they	PRON
ajfa-13719	21	5	changed	change	VERB
ajfa-13719	21	6	their	their	PRON
ajfa-13719	21	7	theory	theory	NOUN
ajfa-13719	21	8	by	by	ADP
ajfa-13719	21	9	adding	add	VERB
ajfa-13719	21	10	tax	tax	NOUN
ajfa-13719	21	11	elements	element	NOUN
ajfa-13719	21	12	to	to	ADP
ajfa-13719	21	13	their	their	PRON
ajfa-13719	21	14	original	original	ADJ
ajfa-13719	21	15	research	research	NOUN
ajfa-13719	21	16	.	.	PUNCT
ajfa-13719	22	1	with	with	ADP
ajfa-13719	22	2	the	the	DET
ajfa-13719	22	3	presence	presence	NOUN
ajfa-13719	22	4	of	of	ADP
ajfa-13719	22	5	corporate	corporate	ADJ
ajfa-13719	22	6	income	income	NOUN
ajfa-13719	22	7	tax	tax	NOUN
ajfa-13719	22	8	,	,	PUNCT
ajfa-13719	22	9	m&m	m&m	PROPN
ajfa-13719	22	10	claims	claim	VERB
ajfa-13719	22	11	that	that	SCONJ
ajfa-13719	22	12	the	the	DET
ajfa-13719	22	13	use	use	NOUN
ajfa-13719	22	14	of	of	ADP
ajfa-13719	22	15	debt	debt	NOUN
ajfa-13719	22	16	will	will	AUX
ajfa-13719	22	17	increase	increase	VERB
ajfa-13719	22	18	the	the	DET
ajfa-13719	22	19	value	value	NOUN
ajfa-13719	22	20	of	of	ADP
ajfa-13719	22	21	a	a	DET
ajfa-13719	22	22	business	business	NOUN
ajfa-13719	22	23	.	.	PUNCT
ajfa-13719	23	1	however	however	ADV
ajfa-13719	23	2	,	,	PUNCT
ajfa-13719	23	3	businesses	business	NOUN
ajfa-13719	23	4	can	can	AUX
ajfa-13719	23	5	not	not	PART
ajfa-13719	23	6	fully	fully	ADV
ajfa-13719	23	7	finance	finance	VERB
ajfa-13719	23	8	their	their	PRON
ajfa-13719	23	9	business	business	NOUN
ajfa-13719	23	10	with	with	ADP
ajfa-13719	23	11	debt	debt	NOUN
ajfa-13719	23	12	.	.	PUNCT
ajfa-13719	24	1	although	although	SCONJ
ajfa-13719	24	2	,	,	PUNCT
ajfa-13719	24	3	benefiting	benefit	VERB
ajfa-13719	24	4	from	from	ADP
ajfa-13719	24	5	the	the	DET
ajfa-13719	24	6	tax	tax	NOUN
ajfa-13719	24	7	shield	shield	NOUN
ajfa-13719	24	8	,	,	PUNCT
ajfa-13719	24	9	debt	debt	NOUN
ajfa-13719	24	10	financing	financing	NOUN
ajfa-13719	24	11	generates	generate	VERB
ajfa-13719	24	12	expenses	expense	NOUN
ajfa-13719	24	13	,	,	PUNCT
ajfa-13719	24	14	especially	especially	ADV
ajfa-13719	24	15	cost	cost	NOUN
ajfa-13719	24	16	of	of	ADP
ajfa-13719	24	17	financial	financial	ADJ
ajfa-13719	24	18	exhaustion	exhaustion	NOUN
ajfa-13719	24	19	(	(	PUNCT
ajfa-13719	24	20	including	include	VERB
ajfa-13719	24	21	bankruptcy	bankruptcy	NOUN
ajfa-13719	24	22	costs	cost	NOUN
ajfa-13719	24	23	and	and	CCONJ
ajfa-13719	24	24	financial	financial	ADJ
ajfa-13719	24	25	exhaustion	exhaustion	NOUN
ajfa-13719	24	26	but	but	CCONJ
ajfa-13719	24	27	not	not	PART
ajfa-13719	24	28	bankruptcy	bankruptcy	NOUN
ajfa-13719	24	29	)	)	PUNCT
ajfa-13719	24	30	.	.	PUNCT
ajfa-13719	25	1	as	as	ADP
ajfa-13719	25	2	the	the	DET
ajfa-13719	25	3	result	result	NOUN
ajfa-13719	25	4	,	,	PUNCT
ajfa-13719	25	5	businesses	business	NOUN
ajfa-13719	25	6	are	be	AUX
ajfa-13719	25	7	always	always	ADV
ajfa-13719	25	8	looking	look	VERB
ajfa-13719	25	9	to	to	PART
ajfa-13719	25	10	optimize	optimize	VERB
ajfa-13719	25	11	the	the	DET
ajfa-13719	25	12	total	total	ADJ
ajfa-13719	25	13	value	value	NOUN
ajfa-13719	25	14	of	of	ADP
ajfa-13719	25	15	the	the	DET
ajfa-13719	25	16	business	business	NOUN
ajfa-13719	25	17	based	base	VERB
ajfa-13719	25	18	on	on	ADP
ajfa-13719	25	19	the	the	DET
ajfa-13719	25	20	equilibrium	equilibrium	NOUN
ajfa-13719	25	21	principle	principle	NOUN
ajfa-13719	25	22	to	to	PART
ajfa-13719	25	23	determine	determine	VERB
ajfa-13719	25	24	how	how	SCONJ
ajfa-13719	25	25	much	much	ADJ
ajfa-13719	25	26	debt	debt	NOUN
ajfa-13719	25	27	financing	financing	NOUN
ajfa-13719	25	28	and	and	CCONJ
ajfa-13719	25	29	how	how	SCONJ
ajfa-13719	25	30	much	much	ADJ
ajfa-13719	25	31	equity	equity	NOUN
ajfa-13719	25	32	capital	capital	NOUN
ajfa-13719	25	33	to	to	PART
ajfa-13719	25	34	allocate	allocate	VERB
ajfa-13719	25	35	in	in	ADP
ajfa-13719	25	36	their	their	PRON
ajfa-13719	25	37	capital	capital	NOUN
ajfa-13719	25	38	structure	structure	NOUN
ajfa-13719	25	39	.	.	PUNCT
ajfa-13719	26	1	the	the	DET
ajfa-13719	26	2	theory	theory	NOUN
ajfa-13719	26	3	of	of	ADP
ajfa-13719	26	4	capital	capital	NOUN
ajfa-13719	26	5	structure	structure	NOUN
ajfa-13719	26	6	swap	swap	NOUN
ajfa-13719	26	7	balances	balance	VERB
ajfa-13719	26	8	the	the	DET
ajfa-13719	26	9	advantages	advantage	NOUN
ajfa-13719	26	10	of	of	ADP
ajfa-13719	26	11	debt	debt	NOUN
ajfa-13719	26	12	and	and	CCONJ
ajfa-13719	26	13	financial	financial	ADJ
ajfa-13719	26	14	exhaustion	exhaustion	NOUN
ajfa-13719	26	15	.	.	PUNCT
ajfa-13719	27	1	agency	agency	NOUN
ajfa-13719	27	2	cost	cost	NOUN
ajfa-13719	27	3	theory	theory	NOUN
ajfa-13719	27	4	:	:	PUNCT
ajfa-13719	27	5	the	the	DET
ajfa-13719	27	6	agency	agency	NOUN
ajfa-13719	27	7	cost	cost	NOUN
ajfa-13719	27	8	theory	theory	NOUN
ajfa-13719	27	9	is	be	AUX
ajfa-13719	27	10	further	far	ADV
ajfa-13719	27	11	developed	develop	VERB
ajfa-13719	27	12	in	in	ADP
ajfa-13719	27	13	the	the	DET
ajfa-13719	27	14	study	study	NOUN
ajfa-13719	27	15	of	of	ADP
ajfa-13719	27	16	jensen	jensen	PROPN
ajfa-13719	27	17	&	&	CCONJ
ajfa-13719	27	18	meckling	meckling	PROPN
ajfa-13719	27	19	(	(	PUNCT
ajfa-13719	27	20	1976	1976	NUM
ajfa-13719	27	21	)	)	PUNCT
ajfa-13719	27	22	and	and	CCONJ
ajfa-13719	27	23	jensen	jensen	PROPN
ajfa-13719	27	24	(	(	PUNCT
ajfa-13719	27	25	1986	1986	NUM
ajfa-13719	27	26	)	)	PUNCT
ajfa-13719	27	27	.	.	PUNCT
ajfa-13719	28	1	this	this	DET
ajfa-13719	28	2	theory	theory	NOUN
ajfa-13719	28	3	is	be	AUX
ajfa-13719	28	4	derived	derive	VERB
ajfa-13719	28	5	from	from	ADP
ajfa-13719	28	6	the	the	DET
ajfa-13719	28	7	conflict	conflict	NOUN
ajfa-13719	28	8	of	of	ADP
ajfa-13719	28	9	interest	interest	NOUN
ajfa-13719	28	10	between	between	ADP
ajfa-13719	28	11	the	the	DET
ajfa-13719	28	12	board	board	NOUN
ajfa-13719	28	13	of	of	ADP
ajfa-13719	28	14	directors	director	NOUN
ajfa-13719	28	15	and	and	CCONJ
ajfa-13719	28	16	the	the	DET
ajfa-13719	28	17	shareholders	shareholder	NOUN
ajfa-13719	28	18	.	.	PUNCT
ajfa-13719	29	1	agency	agency	NOUN
ajfa-13719	29	2	cost	cost	NOUN
ajfa-13719	29	3	is	be	AUX
ajfa-13719	29	4	the	the	DET
ajfa-13719	29	5	cost	cost	NOUN
ajfa-13719	29	6	incurred	incur	VERB
ajfa-13719	29	7	by	by	ADP
ajfa-13719	29	8	the	the	DET
ajfa-13719	29	9	owner	owner	NOUN
ajfa-13719	29	10	of	of	ADP
ajfa-13719	29	11	the	the	DET
ajfa-13719	29	12	firm	firm	NOUN
ajfa-13719	29	13	when	when	SCONJ
ajfa-13719	29	14	there	there	PRON
ajfa-13719	29	15	is	be	VERB
ajfa-13719	29	16	a	a	DET
ajfa-13719	29	17	separation	separation	NOUN
ajfa-13719	29	18	between	between	ADP
ajfa-13719	29	19	ownership	ownership	NOUN
ajfa-13719	29	20	and	and	CCONJ
ajfa-13719	29	21	management	management	NOUN
ajfa-13719	29	22	rights	right	NOUN
ajfa-13719	29	23	.	.	PUNCT
ajfa-13719	30	1	in	in	ADP
ajfa-13719	30	2	a	a	DET
ajfa-13719	30	3	asian	asian	ADJ
ajfa-13719	30	4	journal	journal	NOUN
ajfa-13719	30	5	of	of	ADP
ajfa-13719	30	6	finance	finance	PROPN
ajfa-13719	30	7	&	&	CCONJ
ajfa-13719	30	8	accounting	accounting	PROPN
ajfa-13719	30	9	issn	issn	PROPN
ajfa-13719	30	10	1946	1946	NUM
ajfa-13719	30	11	-	-	PUNCT
ajfa-13719	30	12	052x	052x	NOUN
ajfa-13719	30	13	2018	2018	NUM
ajfa-13719	30	14	,	,	PUNCT
ajfa-13719	30	15	vol	vol	NOUN
ajfa-13719	30	16	.	.	PROPN
ajfa-13719	30	17	10	10	NUM
ajfa-13719	30	18	,	,	PUNCT
ajfa-13719	30	19	no	no	INTJ
ajfa-13719	30	20	.	.	NOUN
ajfa-13719	30	21	2	2	NUM
ajfa-13719	30	22	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	30	23	154	154	NUM
ajfa-13719	30	24	business	business	NOUN
ajfa-13719	30	25	,	,	PUNCT
ajfa-13719	30	26	the	the	DET
ajfa-13719	30	27	distinction	distinction	NOUN
ajfa-13719	30	28	between	between	ADP
ajfa-13719	30	29	ownership	ownership	NOUN
ajfa-13719	30	30	and	and	CCONJ
ajfa-13719	30	31	management	management	NOUN
ajfa-13719	30	32	is	be	AUX
ajfa-13719	30	33	essential	essential	ADJ
ajfa-13719	30	34	.	.	PUNCT
ajfa-13719	31	1	however	however	ADV
ajfa-13719	31	2	,	,	PUNCT
ajfa-13719	31	3	this	this	DET
ajfa-13719	31	4	delimitation	delimitation	NOUN
ajfa-13719	31	5	will	will	AUX
ajfa-13719	31	6	create	create	VERB
ajfa-13719	31	7	many	many	ADJ
ajfa-13719	31	8	complex	complex	ADJ
ajfa-13719	31	9	issues	issue	NOUN
ajfa-13719	31	10	related	relate	VERB
ajfa-13719	31	11	to	to	ADP
ajfa-13719	31	12	the	the	DET
ajfa-13719	31	13	interests	interest	NOUN
ajfa-13719	31	14	of	of	ADP
ajfa-13719	31	15	the	the	DET
ajfa-13719	31	16	parties	party	NOUN
ajfa-13719	31	17	.	.	PUNCT
ajfa-13719	32	1	shareholders	shareholder	NOUN
ajfa-13719	32	2	always	always	ADV
ajfa-13719	32	3	want	want	VERB
ajfa-13719	32	4	to	to	PART
ajfa-13719	32	5	maximize	maximize	VERB
ajfa-13719	32	6	the	the	DET
ajfa-13719	32	7	value	value	NOUN
ajfa-13719	32	8	of	of	ADP
ajfa-13719	32	9	their	their	PRON
ajfa-13719	32	10	business	business	NOUN
ajfa-13719	32	11	and	and	CCONJ
ajfa-13719	32	12	the	the	DET
ajfa-13719	32	13	value	value	NOUN
ajfa-13719	32	14	of	of	ADP
ajfa-13719	32	15	their	their	PRON
ajfa-13719	32	16	equity	equity	NOUN
ajfa-13719	32	17	.	.	PUNCT
ajfa-13719	33	1	on	on	ADP
ajfa-13719	33	2	the	the	DET
ajfa-13719	33	3	other	other	ADJ
ajfa-13719	33	4	hand	hand	NOUN
ajfa-13719	33	5	,	,	PUNCT
ajfa-13719	33	6	managers	manager	NOUN
ajfa-13719	33	7	tend	tend	VERB
ajfa-13719	33	8	to	to	PART
ajfa-13719	33	9	invest	invest	VERB
ajfa-13719	33	10	in	in	ADP
ajfa-13719	33	11	projects	project	NOUN
ajfa-13719	33	12	that	that	PRON
ajfa-13719	33	13	increase	increase	VERB
ajfa-13719	33	14	the	the	DET
ajfa-13719	33	15	size	size	NOUN
ajfa-13719	33	16	of	of	ADP
ajfa-13719	33	17	the	the	DET
ajfa-13719	33	18	business	business	NOUN
ajfa-13719	33	19	.	.	PUNCT
ajfa-13719	34	1	this	this	DET
ajfa-13719	34	2	type	type	NOUN
ajfa-13719	34	3	of	of	ADP
ajfa-13719	34	4	decision	decision	NOUN
ajfa-13719	34	5	is	be	AUX
ajfa-13719	34	6	solely	solely	ADV
ajfa-13719	34	7	based	base	VERB
ajfa-13719	34	8	on	on	ADP
ajfa-13719	34	9	their	their	PRON
ajfa-13719	34	10	judgement	judgement	NOUN
ajfa-13719	34	11	and	and	CCONJ
ajfa-13719	34	12	contains	contain	VERB
ajfa-13719	34	13	many	many	ADJ
ajfa-13719	34	14	risk	risk	NOUN
ajfa-13719	34	15	factors	factor	NOUN
ajfa-13719	34	16	,	,	PUNCT
ajfa-13719	34	17	however	however	ADV
ajfa-13719	34	18	,	,	PUNCT
ajfa-13719	34	19	does	do	AUX
ajfa-13719	34	20	not	not	PART
ajfa-13719	34	21	increase	increase	VERB
ajfa-13719	34	22	shareholders	shareholder	NOUN
ajfa-13719	34	23	’	'	PUNCT
ajfa-13719	34	24	interest	interest	NOUN
ajfa-13719	34	25	.	.	PUNCT
ajfa-13719	35	1	jenshen	jenshen	PROPN
ajfa-13719	35	2	and	and	CCONJ
ajfa-13719	35	3	meckling	meckling	NOUN
ajfa-13719	35	4	argue	argue	VERB
ajfa-13719	35	5	that	that	SCONJ
ajfa-13719	35	6	there	there	PRON
ajfa-13719	35	7	are	be	VERB
ajfa-13719	35	8	two	two	NUM
ajfa-13719	35	9	types	type	NOUN
ajfa-13719	35	10	of	of	ADP
ajfa-13719	35	11	contradictory	contradictory	ADJ
ajfa-13719	35	12	conflicts	conflict	NOUN
ajfa-13719	35	13	:	:	PUNCT
ajfa-13719	35	14	the	the	DET
ajfa-13719	35	15	conflict	conflict	NOUN
ajfa-13719	35	16	between	between	ADP
ajfa-13719	35	17	shareholders	shareholder	NOUN
ajfa-13719	35	18	and	and	CCONJ
ajfa-13719	35	19	business	business	NOUN
ajfa-13719	35	20	managers	manager	NOUN
ajfa-13719	35	21	and	and	CCONJ
ajfa-13719	35	22	the	the	DET
ajfa-13719	35	23	conflict	conflict	NOUN
ajfa-13719	35	24	between	between	ADP
ajfa-13719	35	25	shareholders	shareholder	NOUN
ajfa-13719	35	26	and	and	CCONJ
ajfa-13719	35	27	creditors	creditor	NOUN
ajfa-13719	35	28	.	.	PUNCT
ajfa-13719	36	1	this	this	DET
ajfa-13719	36	2	basic	basic	ADJ
ajfa-13719	36	3	contradiction	contradiction	NOUN
ajfa-13719	36	4	has	have	AUX
ajfa-13719	36	5	created	create	VERB
ajfa-13719	36	6	an	an	DET
ajfa-13719	36	7	agency	agency	NOUN
ajfa-13719	36	8	cost	cost	NOUN
ajfa-13719	36	9	.	.	PUNCT
ajfa-13719	37	1	the	the	DET
ajfa-13719	37	2	agency	agency	NOUN
ajfa-13719	37	3	cost	cost	NOUN
ajfa-13719	37	4	usually	usually	ADV
ajfa-13719	37	5	reduced	reduce	VERB
ajfa-13719	37	6	the	the	DET
ajfa-13719	37	7	benefit	benefit	NOUN
ajfa-13719	37	8	of	of	ADP
ajfa-13719	37	9	using	use	VERB
ajfa-13719	37	10	the	the	DET
ajfa-13719	37	11	debt	debt	NOUN
ajfa-13719	37	12	as	as	ADP
ajfa-13719	37	13	financial	financial	ADJ
ajfa-13719	37	14	support	support	NOUN
ajfa-13719	37	15	.	.	PUNCT
ajfa-13719	38	1	the	the	DET
ajfa-13719	38	2	agency	agency	NOUN
ajfa-13719	38	3	cost	cost	NOUN
ajfa-13719	38	4	theory	theory	NOUN
ajfa-13719	38	5	presents	present	VERB
ajfa-13719	38	6	that	that	SCONJ
ajfa-13719	38	7	an	an	DET
ajfa-13719	38	8	optimal	optimal	ADJ
ajfa-13719	38	9	capital	capital	NOUN
ajfa-13719	38	10	structure	structure	NOUN
ajfa-13719	38	11	can	can	AUX
ajfa-13719	38	12	be	be	AUX
ajfa-13719	38	13	achieved	achieve	VERB
ajfa-13719	38	14	by	by	ADP
ajfa-13719	38	15	balancing	balance	VERB
ajfa-13719	38	16	the	the	DET
ajfa-13719	38	17	agency	agency	NOUN
ajfa-13719	38	18	cost	cost	NOUN
ajfa-13719	38	19	with	with	ADP
ajfa-13719	38	20	the	the	DET
ajfa-13719	38	21	benefit	benefit	NOUN
ajfa-13719	38	22	of	of	ADP
ajfa-13719	38	23	using	use	VERB
ajfa-13719	38	24	debt	debt	NOUN
ajfa-13719	38	25	.	.	PUNCT
ajfa-13719	39	1	classification	classification	NOUN
ajfa-13719	39	2	theory	theory	NOUN
ajfa-13719	39	3	:	:	PUNCT
ajfa-13719	39	4	classification	classification	NOUN
ajfa-13719	39	5	theory	theory	NOUN
ajfa-13719	39	6	developed	develop	VERB
ajfa-13719	39	7	by	by	ADP
ajfa-13719	39	8	researcher	researcher	NOUN
ajfa-13719	39	9	myers	myers	PROPN
ajfa-13719	39	10	and	and	CCONJ
ajfa-13719	39	11	majluf(1984	majluf(1984	PROPN
ajfa-13719	39	12	)	)	PUNCT
ajfa-13719	39	13	.	.	PUNCT
ajfa-13719	40	1	this	this	DET
ajfa-13719	40	2	theory	theory	NOUN
ajfa-13719	40	3	explains	explain	VERB
ajfa-13719	40	4	the	the	DET
ajfa-13719	40	5	company	company	NOUN
ajfa-13719	40	6	's	's	PART
ajfa-13719	40	7	funding	funding	NOUN
ajfa-13719	40	8	decisions	decision	NOUN
ajfa-13719	40	9	based	base	VERB
ajfa-13719	40	10	on	on	ADP
ajfa-13719	40	11	asymmetric	asymmetric	ADJ
ajfa-13719	40	12	information	information	NOUN
ajfa-13719	40	13	.	.	PUNCT
ajfa-13719	41	1	the	the	DET
ajfa-13719	41	2	basic	basic	ADJ
ajfa-13719	41	3	concept	concept	NOUN
ajfa-13719	41	4	of	of	ADP
ajfa-13719	41	5	asymmetric	asymmetric	ADJ
ajfa-13719	41	6	information	information	NOUN
ajfa-13719	41	7	proposed	propose	VERB
ajfa-13719	41	8	a	a	DET
ajfa-13719	41	9	prioritized	prioritize	VERB
ajfa-13719	41	10	financing	financing	NOUN
ajfa-13719	41	11	order	order	NOUN
ajfa-13719	41	12	,	,	PUNCT
ajfa-13719	41	13	in	in	ADP
ajfa-13719	41	14	which	which	PRON
ajfa-13719	41	15	profits	profit	NOUN
ajfa-13719	41	16	should	should	AUX
ajfa-13719	41	17	be	be	AUX
ajfa-13719	41	18	kept	keep	VERB
ajfa-13719	41	19	to	to	PART
ajfa-13719	41	20	reinvest	reinvest	VERB
ajfa-13719	41	21	into	into	ADP
ajfa-13719	41	22	the	the	DET
ajfa-13719	41	23	business	business	NOUN
ajfa-13719	41	24	first	first	ADV
ajfa-13719	41	25	(	(	PUNCT
ajfa-13719	41	26	retained	retain	VERB
ajfa-13719	41	27	earnings	earning	NOUN
ajfa-13719	41	28	)	)	PUNCT
ajfa-13719	41	29	,	,	PUNCT
ajfa-13719	41	30	followed	follow	VERB
ajfa-13719	41	31	by	by	ADP
ajfa-13719	41	32	debt	debt	NOUN
ajfa-13719	41	33	issuance	issuance	NOUN
ajfa-13719	41	34	and	and	CCONJ
ajfa-13719	41	35	eventually	eventually	ADV
ajfa-13719	41	36	capital	capital	NOUN
ajfa-13719	41	37	issuance	issuance	NOUN
ajfa-13719	41	38	or	or	CCONJ
ajfa-13719	41	39	new	new	ADJ
ajfa-13719	41	40	shares	share	NOUN
ajfa-13719	41	41	.	.	PUNCT
ajfa-13719	42	1	the	the	DET
ajfa-13719	42	2	issuance	issuance	NOUN
ajfa-13719	42	3	of	of	ADP
ajfa-13719	42	4	new	new	ADJ
ajfa-13719	42	5	equity	equity	NOUN
ajfa-13719	42	6	is	be	AUX
ajfa-13719	42	7	usually	usually	ADV
ajfa-13719	42	8	the	the	DET
ajfa-13719	42	9	last	last	ADJ
ajfa-13719	42	10	resort	resort	NOUN
ajfa-13719	42	11	when	when	SCONJ
ajfa-13719	42	12	the	the	DET
ajfa-13719	42	13	company	company	NOUN
ajfa-13719	42	14	has	have	AUX
ajfa-13719	42	15	exhausted	exhaust	VERB
ajfa-13719	42	16	its	its	PRON
ajfa-13719	42	17	ability	ability	NOUN
ajfa-13719	42	18	to	to	PART
ajfa-13719	42	19	borrow	borrow	VERB
ajfa-13719	42	20	.	.	PUNCT
ajfa-13719	43	1	this	this	DET
ajfa-13719	43	2	theory	theory	NOUN
ajfa-13719	43	3	helps	help	VERB
ajfa-13719	43	4	explain	explain	VERB
ajfa-13719	43	5	why	why	SCONJ
ajfa-13719	43	6	companies	company	NOUN
ajfa-13719	43	7	with	with	ADP
ajfa-13719	43	8	high	high	ADJ
ajfa-13719	43	9	profitability	profitability	NOUN
ajfa-13719	43	10	tend	tend	VERB
ajfa-13719	43	11	to	to	PART
ajfa-13719	43	12	have	have	VERB
ajfa-13719	43	13	lower	low	ADJ
ajfa-13719	43	14	borrowing	borrowing	NOUN
ajfa-13719	43	15	ratios	ratio	NOUN
ajfa-13719	43	16	than	than	ADP
ajfa-13719	43	17	others	other	NOUN
ajfa-13719	43	18	because	because	SCONJ
ajfa-13719	43	19	they	they	PRON
ajfa-13719	43	20	have	have	VERB
ajfa-13719	43	21	more	more	ADJ
ajfa-13719	43	22	internal	internal	ADJ
ajfa-13719	43	23	capital	capital	NOUN
ajfa-13719	43	24	to	to	PART
ajfa-13719	43	25	finance	finance	VERB
ajfa-13719	43	26	themselves	themselves	PRON
ajfa-13719	43	27	;	;	PUNCT
ajfa-13719	43	28	whereas	whereas	SCONJ
ajfa-13719	43	29	low	low	ADJ
ajfa-13719	43	30	-	-	PUNCT
ajfa-13719	43	31	profit	profit	NOUN
ajfa-13719	43	32	firmstend	firmstend	NOUN
ajfa-13719	43	33	to	to	PART
ajfa-13719	43	34	issue	issue	VERB
ajfa-13719	43	35	debt	debt	NOUN
ajfa-13719	43	36	because	because	SCONJ
ajfa-13719	43	37	they	they	PRON
ajfa-13719	43	38	do	do	AUX
ajfa-13719	43	39	not	not	PART
ajfa-13719	43	40	have	have	VERB
ajfa-13719	43	41	enough	enough	ADJ
ajfa-13719	43	42	internal	internal	ADJ
ajfa-13719	43	43	capital	capital	NOUN
ajfa-13719	43	44	for	for	ADP
ajfa-13719	43	45	their	their	PRON
ajfa-13719	43	46	investment	investment	NOUN
ajfa-13719	43	47	projects	project	NOUN
ajfa-13719	43	48	.	.	PUNCT
ajfa-13719	44	1	debt	debt	NOUN
ajfa-13719	44	2	issuance	issuance	NOUN
ajfa-13719	44	3	is	be	AUX
ajfa-13719	44	4	topped	top	VERB
ajfa-13719	44	5	in	in	ADP
ajfa-13719	44	6	the	the	DET
ajfa-13719	44	7	ranking	ranking	ADJ
ajfa-13719	44	8	order	order	NOUN
ajfa-13719	44	9	of	of	ADP
ajfa-13719	44	10	external	external	ADJ
ajfa-13719	44	11	funding	funding	NOUN
ajfa-13719	44	12	.	.	PUNCT
ajfa-13719	45	1	2.1.2	2.1.2	NUM
ajfa-13719	45	2	the	the	DET
ajfa-13719	45	3	theory	theory	NOUN
ajfa-13719	45	4	of	of	ADP
ajfa-13719	45	5	stock	stock	NOUN
ajfa-13719	45	6	liquidity	liquidity	NOUN
ajfa-13719	45	7	the	the	DET
ajfa-13719	45	8	liquidity	liquidity	NOUN
ajfa-13719	45	9	of	of	ADP
ajfa-13719	45	10	a	a	DET
ajfa-13719	45	11	stock	stock	NOUN
ajfa-13719	45	12	has	have	VERB
ajfa-13719	45	13	many	many	ADJ
ajfa-13719	45	14	different	different	ADJ
ajfa-13719	45	15	definitions	definition	NOUN
ajfa-13719	45	16	but	but	CCONJ
ajfa-13719	45	17	can	can	AUX
ajfa-13719	45	18	be	be	AUX
ajfa-13719	45	19	understood	understand	VERB
ajfa-13719	45	20	simply	simply	ADV
ajfa-13719	45	21	by	by	ADP
ajfa-13719	45	22	the	the	DET
ajfa-13719	45	23	quicklinessof	quicklinessof	NOUN
ajfa-13719	45	24	buying	buy	VERB
ajfa-13719	45	25	or	or	CCONJ
ajfa-13719	45	26	reselling	resell	VERB
ajfa-13719	45	27	a	a	DET
ajfa-13719	45	28	stock	stock	NOUN
ajfa-13719	45	29	without	without	ADP
ajfa-13719	45	30	losing	lose	VERB
ajfa-13719	45	31	its	its	PRON
ajfa-13719	45	32	value	value	NOUN
ajfa-13719	45	33	.	.	PUNCT
ajfa-13719	46	1	there	there	PRON
ajfa-13719	46	2	are	be	VERB
ajfa-13719	46	3	many	many	ADJ
ajfa-13719	46	4	different	different	ADJ
ajfa-13719	46	5	concepts	concept	NOUN
ajfa-13719	46	6	raised	raise	VERB
ajfa-13719	46	7	by	by	ADP
ajfa-13719	46	8	researchers	researcher	NOUN
ajfa-13719	46	9	and	and	CCONJ
ajfa-13719	46	10	professional	professional	ADJ
ajfa-13719	46	11	investors	investor	NOUN
ajfa-13719	46	12	.	.	PUNCT
ajfa-13719	47	1	robert	robert	PROPN
ajfa-13719	47	2	f.	f.	PROPN
ajfa-13719	47	3	stambaugh	stambaugh	PROPN
ajfa-13719	47	4	(	(	PUNCT
ajfa-13719	47	5	2002	2002	NUM
ajfa-13719	47	6	)	)	PUNCT
ajfa-13719	47	7	introduced	introduce	VERB
ajfa-13719	47	8	the	the	DET
ajfa-13719	47	9	concept	concept	NOUN
ajfa-13719	47	10	of	of	ADP
ajfa-13719	47	11	stock	stock	NOUN
ajfa-13719	47	12	liquidity	liquidity	NOUN
ajfa-13719	47	13	as	as	SCONJ
ajfa-13719	47	14	follows	follow	VERB
ajfa-13719	47	15	:	:	PUNCT
ajfa-13719	47	16	"	"	PUNCT
ajfa-13719	47	17	stock	stock	NOUN
ajfa-13719	47	18	liquidity	liquidity	NOUN
ajfa-13719	47	19	is	be	AUX
ajfa-13719	47	20	a	a	DET
ajfa-13719	47	21	very	very	ADV
ajfa-13719	47	22	broad	broad	ADJ
ajfa-13719	47	23	and	and	CCONJ
ajfa-13719	47	24	unclear	unclear	ADJ
ajfa-13719	47	25	concept	concept	NOUN
ajfa-13719	47	26	,	,	PUNCT
ajfa-13719	47	27	but	but	CCONJ
ajfa-13719	47	28	generally	generally	ADV
ajfa-13719	47	29	,	,	PUNCT
ajfa-13719	47	30	it	it	PRON
ajfa-13719	47	31	reflects	reflect	VERB
ajfa-13719	47	32	the	the	DET
ajfa-13719	47	33	ability	ability	NOUN
ajfa-13719	47	34	to	to	PART
ajfa-13719	47	35	trade	trade	VERB
ajfa-13719	47	36	a	a	DET
ajfa-13719	47	37	large	large	ADJ
ajfa-13719	47	38	volume	volume	NOUN
ajfa-13719	47	39	of	of	ADP
ajfa-13719	47	40	stock	stock	NOUN
ajfa-13719	47	41	quickly	quickly	ADV
ajfa-13719	47	42	at	at	ADP
ajfa-13719	47	43	a	a	DET
ajfa-13719	47	44	low	low	ADJ
ajfa-13719	47	45	cost	cost	NOUN
ajfa-13719	47	46	with	with	ADP
ajfa-13719	47	47	little	little	ADJ
ajfa-13719	47	48	price	price	NOUN
ajfa-13719	47	49	fluctuation	fluctuation	NOUN
ajfa-13719	47	50	.	.	PUNCT
ajfa-13719	47	51	"	"	PUNCT
ajfa-13719	48	1	wasfi	wasfi	ADV
ajfa-13719	48	2	a.	a.	PROPN
ajfa-13719	48	3	al	al	PROPN
ajfa-13719	48	4	salamat	salamat	PROPN
ajfa-13719	48	5	(	(	PUNCT
ajfa-13719	48	6	2016	2016	NUM
ajfa-13719	48	7	)	)	PUNCT
ajfa-13719	48	8	argues	argue	VERB
ajfa-13719	48	9	that	that	SCONJ
ajfa-13719	48	10	it	it	PRON
ajfa-13719	48	11	is	be	AUX
ajfa-13719	48	12	difficult	difficult	ADJ
ajfa-13719	48	13	to	to	PART
ajfa-13719	48	14	give	give	VERB
ajfa-13719	48	15	an	an	DET
ajfa-13719	48	16	explanation	explanation	NOUN
ajfa-13719	48	17	of	of	ADP
ajfa-13719	48	18	stock	stock	NOUN
ajfa-13719	48	19	liquidity	liquidity	NOUN
ajfa-13719	48	20	and	and	CCONJ
ajfa-13719	48	21	suggests	suggest	VERB
ajfa-13719	48	22	the	the	DET
ajfa-13719	48	23	following	follow	VERB
ajfa-13719	48	24	:	:	PUNCT
ajfa-13719	48	25	"	"	PUNCT
ajfa-13719	48	26	it	it	PRON
ajfa-13719	48	27	(	(	PUNCT
ajfa-13719	48	28	stock	stock	NOUN
ajfa-13719	48	29	liquidity	liquidity	NOUN
ajfa-13719	48	30	)	)	PUNCT
ajfa-13719	48	31	is	be	AUX
ajfa-13719	48	32	the	the	DET
ajfa-13719	48	33	ability	ability	NOUN
ajfa-13719	48	34	of	of	ADP
ajfa-13719	48	35	investors	investor	NOUN
ajfa-13719	48	36	to	to	PART
ajfa-13719	48	37	buy	buy	VERB
ajfa-13719	48	38	or	or	CCONJ
ajfa-13719	48	39	sell	sell	VERB
ajfa-13719	48	40	a	a	DET
ajfa-13719	48	41	large	large	ADJ
ajfa-13719	48	42	amount	amount	NOUN
ajfa-13719	48	43	of	of	ADP
ajfa-13719	48	44	stock	stock	NOUN
ajfa-13719	48	45	at	at	ADP
ajfa-13719	48	46	ease	ease	NOUN
ajfa-13719	48	47	and	and	CCONJ
ajfa-13719	48	48	without	without	ADP
ajfa-13719	48	49	significant	significant	ADJ
ajfa-13719	48	50	loss	loss	NOUN
ajfa-13719	48	51	.	.	PUNCT
ajfa-13719	48	52	”	"	PUNCT
ajfa-13719	49	1	stock	stock	NOUN
ajfa-13719	49	2	liquidity	liquidity	NOUN
ajfa-13719	49	3	has	have	VERB
ajfa-13719	49	4	not	not	PART
ajfa-13719	49	5	only	only	ADV
ajfa-13719	49	6	one	one	NUM
ajfa-13719	49	7	but	but	CCONJ
ajfa-13719	49	8	also	also	ADV
ajfa-13719	49	9	many	many	ADJ
ajfa-13719	49	10	different	different	ADJ
ajfa-13719	49	11	characteristics	characteristic	NOUN
ajfa-13719	49	12	.	.	PUNCT
ajfa-13719	50	1	the	the	DET
ajfa-13719	50	2	liquidity	liquidity	NOUN
ajfa-13719	50	3	of	of	ADP
ajfa-13719	50	4	the	the	DET
ajfa-13719	50	5	stock	stock	NOUN
ajfa-13719	50	6	is	be	AUX
ajfa-13719	50	7	based	base	VERB
ajfa-13719	50	8	on	on	ADP
ajfa-13719	50	9	the	the	DET
ajfa-13719	50	10	following	follow	VERB
ajfa-13719	50	11	four	four	NUM
ajfa-13719	50	12	fundamental	fundamental	ADJ
ajfa-13719	50	13	characteristics	characteristic	NOUN
ajfa-13719	50	14	:	:	PUNCT
ajfa-13719	50	15	•	•	NUM
ajfa-13719	50	16	“	"	PUNCT
ajfa-13719	50	17	transaction	transaction	NOUN
ajfa-13719	50	18	time	time	NOUN
ajfa-13719	50	19	:	:	PUNCT
ajfa-13719	50	20	is	be	AUX
ajfa-13719	50	21	the	the	DET
ajfa-13719	50	22	execution	execution	NOUN
ajfa-13719	50	23	of	of	ADP
ajfa-13719	50	24	an	an	DET
ajfa-13719	50	25	immediate	immediate	ADJ
ajfa-13719	50	26	transaction	transaction	NOUN
ajfa-13719	50	27	at	at	ADP
ajfa-13719	50	28	a	a	DET
ajfa-13719	50	29	common	common	ADJ
ajfa-13719	50	30	price	price	NOUN
ajfa-13719	50	31	.	.	PUNCT
ajfa-13719	51	1	timeout	timeout	NOUN
ajfa-13719	51	2	between	between	ADP
ajfa-13719	51	3	two	two	NUM
ajfa-13719	51	4	transactions	transaction	NOUN
ajfa-13719	51	5	and	and	CCONJ
ajfa-13719	51	6	the	the	DET
ajfa-13719	51	7	number	number	NOUN
ajfa-13719	51	8	of	of	ADP
ajfa-13719	51	9	transactions	transaction	NOUN
ajfa-13719	51	10	in	in	ADP
ajfa-13719	51	11	a	a	DET
ajfa-13719	51	12	time	time	NOUN
ajfa-13719	51	13	unit	unit	NOUN
ajfa-13719	51	14	are	be	AUX
ajfa-13719	51	15	measure	measure	NOUN
ajfa-13719	51	16	of	of	ADP
ajfa-13719	51	17	the	the	DET
ajfa-13719	51	18	transaction	transaction	NOUN
ajfa-13719	51	19	time	time	NOUN
ajfa-13719	51	20	.	.	PUNCT
ajfa-13719	52	1	•	•	NOUN
ajfa-13719	52	2	tensions	tension	NOUN
ajfa-13719	52	3	:	:	PUNCT
ajfa-13719	52	4	the	the	DET
ajfa-13719	52	5	ability	ability	NOUN
ajfa-13719	52	6	to	to	PART
ajfa-13719	52	7	buy	buy	VERB
ajfa-13719	52	8	or	or	CCONJ
ajfa-13719	52	9	sell	sell	VERB
ajfa-13719	52	10	a	a	DET
ajfa-13719	52	11	certain	certain	ADJ
ajfa-13719	52	12	amount	amount	NOUN
ajfa-13719	52	13	of	of	ADP
ajfa-13719	52	14	stock	stock	NOUN
ajfa-13719	52	15	at	at	ADP
ajfa-13719	52	16	an	an	DET
ajfa-13719	52	17	equal	equal	ADJ
ajfa-13719	52	18	price	price	NOUN
ajfa-13719	52	19	at	at	ADP
ajfa-13719	52	20	the	the	DET
ajfa-13719	52	21	same	same	ADJ
ajfa-13719	52	22	time	time	NOUN
ajfa-13719	52	23	.	.	PUNCT
ajfa-13719	53	1	expenses	expense	NOUN
ajfa-13719	53	2	related	relate	VERB
ajfa-13719	53	3	to	to	ADP
ajfa-13719	53	4	the	the	DET
ajfa-13719	53	5	transaction	transaction	NOUN
ajfa-13719	53	6	or	or	CCONJ
ajfa-13719	53	7	the	the	DET
ajfa-13719	53	8	cost	cost	NOUN
ajfa-13719	53	9	of	of	ADP
ajfa-13719	53	10	waiting	wait	VERB
ajfa-13719	53	11	express	express	VERB
ajfa-13719	53	12	the	the	DET
ajfa-13719	53	13	tightness	tightness	NOUN
ajfa-13719	53	14	.	.	PUNCT
ajfa-13719	54	1	tensile	tensile	NOUN
ajfa-13719	54	2	measures	measure	NOUN
ajfa-13719	54	3	are	be	AUX
ajfa-13719	54	4	the	the	DET
ajfa-13719	54	5	different	different	ADJ
ajfa-13719	54	6	types	type	NOUN
ajfa-13719	54	7	of	of	ADP
ajfa-13719	54	8	price	price	NOUN
ajfa-13719	54	9	differences	difference	NOUN
ajfa-13719	54	10	.	.	PUNCT
ajfa-13719	55	1	asian	asian	ADJ
ajfa-13719	55	2	journal	journal	PROPN
ajfa-13719	55	3	of	of	ADP
ajfa-13719	55	4	finance	finance	PROPN
ajfa-13719	55	5	&	&	CCONJ
ajfa-13719	55	6	accounting	accounting	PROPN
ajfa-13719	55	7	issn	issn	PROPN
ajfa-13719	55	8	1946	1946	NUM
ajfa-13719	55	9	-	-	PUNCT
ajfa-13719	55	10	052x	052x	NOUN
ajfa-13719	55	11	2018	2018	NUM
ajfa-13719	55	12	,	,	PUNCT
ajfa-13719	55	13	vol	vol	NOUN
ajfa-13719	55	14	.	.	PROPN
ajfa-13719	56	1	10	10	NUM
ajfa-13719	56	2	,	,	PUNCT
ajfa-13719	56	3	no	no	INTJ
ajfa-13719	56	4	.	.	NOUN
ajfa-13719	56	5	2	2	NUM
ajfa-13719	56	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	56	7	155	155	NUM
ajfa-13719	56	8	•	•	NOUN
ajfa-13719	56	9	depth	depth	NOUN
ajfa-13719	56	10	:	:	PUNCT
ajfa-13719	56	11	the	the	DET
ajfa-13719	56	12	ability	ability	NOUN
ajfa-13719	56	13	to	to	PART
ajfa-13719	56	14	buy	buy	VERB
ajfa-13719	56	15	or	or	CCONJ
ajfa-13719	56	16	sell	sell	VERB
ajfa-13719	56	17	a	a	DET
ajfa-13719	56	18	certain	certain	ADJ
ajfa-13719	56	19	amount	amount	NOUN
ajfa-13719	56	20	of	of	ADP
ajfa-13719	56	21	stock	stock	NOUN
ajfa-13719	56	22	without	without	ADP
ajfa-13719	56	23	affecting	affect	VERB
ajfa-13719	56	24	the	the	DET
ajfa-13719	56	25	listed	list	VERB
ajfa-13719	56	26	price	price	NOUN
ajfa-13719	56	27	.	.	PUNCT
ajfa-13719	57	1	listed	list	VERB
ajfa-13719	57	2	price	price	NOUN
ajfa-13719	57	3	is	be	AUX
ajfa-13719	57	4	the	the	DET
ajfa-13719	57	5	ask	ask	NOUN
ajfa-13719	57	6	or	or	CCONJ
ajfa-13719	57	7	bid	bid	NOUN
ajfa-13719	57	8	price	price	NOUN
ajfa-13719	57	9	placed	place	VERB
ajfa-13719	57	10	in	in	ADP
ajfa-13719	57	11	the	the	DET
ajfa-13719	57	12	order	order	NOUN
ajfa-13719	57	13	book	book	NOUN
ajfa-13719	57	14	.	.	PUNCT
ajfa-13719	58	1	a	a	DET
ajfa-13719	58	2	sign	sign	NOUN
ajfa-13719	58	3	of	of	ADP
ajfa-13719	58	4	weak	weak	ADJ
ajfa-13719	58	5	liquidity	liquidity	NOUN
ajfa-13719	58	6	is	be	AUX
ajfa-13719	58	7	resulted	result	VERB
ajfa-13719	58	8	from	from	ADP
ajfa-13719	58	9	the	the	DET
ajfa-13719	58	10	negative	negative	ADJ
ajfa-13719	58	11	impact	impact	NOUN
ajfa-13719	58	12	of	of	ADP
ajfa-13719	58	13	the	the	DET
ajfa-13719	58	14	market	market	NOUN
ajfa-13719	58	15	on	on	ADP
ajfa-13719	58	16	investors	investor	NOUN
ajfa-13719	58	17	when	when	SCONJ
ajfa-13719	58	18	trading	trade	VERB
ajfa-13719	58	19	.	.	PUNCT
ajfa-13719	59	1	the	the	DET
ajfa-13719	59	2	depth	depth	NOUN
ajfa-13719	59	3	of	of	ADP
ajfa-13719	59	4	the	the	DET
ajfa-13719	59	5	market	market	NOUN
ajfa-13719	59	6	can	can	AUX
ajfa-13719	59	7	be	be	AUX
ajfa-13719	59	8	measured	measure	VERB
ajfa-13719	59	9	by	by	ADP
ajfa-13719	59	10	the	the	DET
ajfa-13719	59	11	order	order	NOUN
ajfa-13719	59	12	index	index	NOUN
ajfa-13719	59	13	,	,	PUNCT
ajfa-13719	59	14	transaction	transaction	NOUN
ajfa-13719	59	15	volume	volume	NOUN
ajfa-13719	59	16	or	or	CCONJ
ajfa-13719	59	17	cash	cash	NOUN
ajfa-13719	59	18	flow	flow	NOUN
ajfa-13719	59	19	index	index	NOUN
ajfa-13719	59	20	.	.	PUNCT
ajfa-13719	60	1	•	•	NUM
ajfa-13719	60	2	elasticity	elasticity	NOUN
ajfa-13719	60	3	:	:	PUNCT
ajfa-13719	60	4	the	the	DET
ajfa-13719	60	5	ability	ability	NOUN
ajfa-13719	60	6	to	to	PART
ajfa-13719	60	7	buy	buy	VERB
ajfa-13719	60	8	or	or	CCONJ
ajfa-13719	60	9	sell	sell	VERB
ajfa-13719	60	10	a	a	DET
ajfa-13719	60	11	certain	certain	ADJ
ajfa-13719	60	12	amount	amount	NOUN
ajfa-13719	60	13	of	of	ADP
ajfa-13719	60	14	stock	stock	NOUN
ajfa-13719	60	15	with	with	ADP
ajfa-13719	60	16	little	little	ADJ
ajfa-13719	60	17	effect	effect	NOUN
ajfa-13719	60	18	on	on	ADP
ajfa-13719	60	19	price	price	NOUN
ajfa-13719	60	20	.	.	PUNCT
ajfa-13719	61	1	when	when	SCONJ
ajfa-13719	61	2	the	the	DET
ajfa-13719	61	3	depth	depth	NOUN
ajfa-13719	61	4	of	of	ADP
ajfa-13719	61	5	market	market	NOUN
ajfa-13719	61	6	is	be	AUX
ajfa-13719	61	7	only	only	ADV
ajfa-13719	61	8	concerned	concerned	ADJ
ajfa-13719	61	9	with	with	ADP
ajfa-13719	61	10	the	the	DET
ajfa-13719	61	11	number	number	NOUN
ajfa-13719	61	12	of	of	ADP
ajfa-13719	61	13	transactions	transaction	NOUN
ajfa-13719	61	14	at	at	ADP
ajfa-13719	61	15	the	the	DET
ajfa-13719	61	16	best	good	ADJ
ajfa-13719	61	17	bid	bid	NOUN
ajfa-13719	61	18	or	or	CCONJ
ajfa-13719	61	19	ask	ask	VERB
ajfa-13719	61	20	price	price	NOUN
ajfa-13719	61	21	,	,	PUNCT
ajfa-13719	61	22	the	the	DET
ajfa-13719	61	23	elasticity	elasticity	NOUN
ajfa-13719	61	24	property	property	NOUN
ajfa-13719	61	25	assumes	assume	VERB
ajfa-13719	61	26	the	the	DET
ajfa-13719	61	27	elasticity	elasticity	NOUN
ajfa-13719	61	28	of	of	ADP
ajfa-13719	61	29	supply	supply	NOUN
ajfa-13719	61	30	and	and	CCONJ
ajfa-13719	61	31	demand	demand	NOUN
ajfa-13719	61	32	.	.	PUNCT
ajfa-13719	62	1	the	the	DET
ajfa-13719	62	2	degree	degree	NOUN
ajfa-13719	62	3	of	of	ADP
ajfa-13719	62	4	elasticity	elasticity	NOUN
ajfa-13719	62	5	of	of	ADP
ajfa-13719	62	6	liquidity	liquidity	NOUN
ajfa-13719	62	7	is	be	AUX
ajfa-13719	62	8	described	describe	VERB
ajfa-13719	62	9	by	by	ADP
ajfa-13719	62	10	the	the	DET
ajfa-13719	62	11	income	income	NOUN
ajfa-13719	62	12	of	of	ADP
ajfa-13719	62	13	the	the	DET
ajfa-13719	62	14	day	day	NOUN
ajfa-13719	62	15	”	"	PUNCT
ajfa-13719	62	16	.	.	PUNCT
ajfa-13719	63	1	2.2	2.2	NUM
ajfa-13719	63	2	some	some	DET
ajfa-13719	63	3	concepts	concept	VERB
ajfa-13719	63	4	2.2.1	2.2.1	NUM
ajfa-13719	63	5	the	the	DET
ajfa-13719	63	6	concept	concept	NOUN
ajfa-13719	63	7	of	of	ADP
ajfa-13719	63	8	capital	capital	NOUN
ajfa-13719	63	9	structure	structure	NOUN
ajfa-13719	63	10	the	the	DET
ajfa-13719	63	11	capital	capital	NOUN
ajfa-13719	63	12	structure	structure	NOUN
ajfa-13719	63	13	of	of	ADP
ajfa-13719	63	14	an	an	DET
ajfa-13719	63	15	enterprise	enterprise	NOUN
ajfa-13719	63	16	is	be	AUX
ajfa-13719	63	17	defined	define	VERB
ajfa-13719	63	18	as	as	ADP
ajfa-13719	63	19	the	the	DET
ajfa-13719	63	20	combination	combination	NOUN
ajfa-13719	63	21	of	of	ADP
ajfa-13719	63	22	debt	debt	NOUN
ajfa-13719	63	23	and	and	CCONJ
ajfa-13719	63	24	equity	equity	NOUN
ajfa-13719	63	25	in	in	ADP
ajfa-13719	63	26	the	the	DET
ajfa-13719	63	27	total	total	ADJ
ajfa-13719	63	28	long	long	ADJ
ajfa-13719	63	29	-	-	PUNCT
ajfa-13719	63	30	term	term	NOUN
ajfa-13719	63	31	capital	capital	NOUN
ajfa-13719	63	32	that	that	PRON
ajfa-13719	63	33	an	an	DET
ajfa-13719	63	34	enterprise	enterprise	NOUN
ajfa-13719	63	35	can	can	AUX
ajfa-13719	63	36	mobilize	mobilize	VERB
ajfa-13719	63	37	to	to	PART
ajfa-13719	63	38	finance	finance	VERB
ajfa-13719	63	39	its	its	PRON
ajfa-13719	63	40	investment	investment	NOUN
ajfa-13719	63	41	projects	project	NOUN
ajfa-13719	63	42	.	.	PUNCT
ajfa-13719	64	1	the	the	DET
ajfa-13719	64	2	term	term	NOUN
ajfa-13719	64	3	financial	financial	ADJ
ajfa-13719	64	4	leverage	leverage	NOUN
ajfa-13719	64	5	implies	imply	VERB
ajfa-13719	64	6	the	the	DET
ajfa-13719	64	7	capital	capital	NOUN
ajfa-13719	64	8	structure	structure	NOUN
ajfa-13719	64	9	of	of	ADP
ajfa-13719	64	10	an	an	DET
ajfa-13719	64	11	enterprise	enterprise	NOUN
ajfa-13719	64	12	.	.	PUNCT
ajfa-13719	65	1	financial	financial	ADJ
ajfa-13719	65	2	leverage	leverage	NOUN
ajfa-13719	65	3	is	be	AUX
ajfa-13719	65	4	used	use	VERB
ajfa-13719	65	5	to	to	PART
ajfa-13719	65	6	assess	assess	VERB
ajfa-13719	65	7	the	the	DET
ajfa-13719	65	8	extent	extent	NOUN
ajfa-13719	65	9	to	to	PART
ajfa-13719	65	10	which	which	PRON
ajfa-13719	65	11	a	a	DET
ajfa-13719	65	12	business	business	NOUN
ajfa-13719	65	13	finances	finance	VERB
ajfa-13719	65	14	its	its	PRON
ajfa-13719	65	15	operations	operation	NOUN
ajfa-13719	65	16	by	by	ADP
ajfa-13719	65	17	borrowing	borrow	VERB
ajfa-13719	65	18	.	.	PUNCT
ajfa-13719	66	1	within	within	ADP
ajfa-13719	66	2	the	the	DET
ajfa-13719	66	3	scope	scope	NOUN
ajfa-13719	66	4	of	of	ADP
ajfa-13719	66	5	the	the	DET
ajfa-13719	66	6	study	study	NOUN
ajfa-13719	66	7	,	,	PUNCT
ajfa-13719	66	8	the	the	DET
ajfa-13719	66	9	authors	author	NOUN
ajfa-13719	66	10	used	use	VERB
ajfa-13719	66	11	the	the	DET
ajfa-13719	66	12	debt	debt	NOUN
ajfa-13719	66	13	-	-	PUNCT
ajfa-13719	66	14	to	to	ADP
ajfa-13719	66	15	-	-	PUNCT
ajfa-13719	66	16	asset	asset	NOUN
ajfa-13719	66	17	ratio	ratio	NOUN
ajfa-13719	66	18	and	and	CCONJ
ajfa-13719	66	19	the	the	DET
ajfa-13719	66	20	debt	debt	NOUN
ajfa-13719	66	21	-	-	PUNCT
ajfa-13719	66	22	to	to	ADP
ajfa-13719	66	23	-	-	PUNCT
ajfa-13719	66	24	equity	equity	NOUN
ajfa-13719	66	25	ratio	ratio	NOUN
ajfa-13719	66	26	as	as	ADP
ajfa-13719	66	27	variables	variable	NOUN
ajfa-13719	66	28	representing	represent	VERB
ajfa-13719	66	29	the	the	DET
ajfa-13719	66	30	financial	financial	ADJ
ajfa-13719	66	31	leverage	leverage	NOUN
ajfa-13719	66	32	.	.	PUNCT
ajfa-13719	67	1	2.2.2	2.2.2	NUM
ajfa-13719	67	2	measure	measure	NOUN
ajfa-13719	67	3	the	the	DET
ajfa-13719	67	4	stock	stock	NOUN
ajfa-13719	67	5	liquidity	liquidity	NOUN
ajfa-13719	67	6	liquidity	liquidity	NOUN
ajfa-13719	67	7	is	be	AUX
ajfa-13719	67	8	a	a	DET
ajfa-13719	67	9	broad	broad	ADJ
ajfa-13719	67	10	definition	definition	NOUN
ajfa-13719	67	11	with	with	ADP
ajfa-13719	67	12	many	many	ADJ
ajfa-13719	67	13	different	different	ADJ
ajfa-13719	67	14	dimensions	dimension	NOUN
ajfa-13719	67	15	that	that	PRON
ajfa-13719	67	16	can	can	AUX
ajfa-13719	67	17	not	not	PART
ajfa-13719	67	18	be	be	AUX
ajfa-13719	67	19	covered	cover	VERB
ajfa-13719	67	20	by	by	ADP
ajfa-13719	67	21	a	a	DET
ajfa-13719	67	22	single	single	ADJ
ajfa-13719	67	23	metric	metric	NOUN
ajfa-13719	67	24	.	.	PUNCT
ajfa-13719	68	1	in	in	ADP
ajfa-13719	68	2	this	this	DET
ajfa-13719	68	3	study	study	NOUN
ajfa-13719	68	4	,	,	PUNCT
ajfa-13719	68	5	the	the	DET
ajfa-13719	68	6	authors	author	NOUN
ajfa-13719	68	7	use	use	VERB
ajfa-13719	68	8	two	two	NUM
ajfa-13719	68	9	different	different	ADJ
ajfa-13719	68	10	measures	measure	NOUN
ajfa-13719	68	11	,	,	PUNCT
ajfa-13719	68	12	including	include	VERB
ajfa-13719	68	13	a	a	DET
ajfa-13719	68	14	liquidity	liquidity	NOUN
ajfa-13719	68	15	metric	metric	NOUN
ajfa-13719	68	16	and	and	CCONJ
ajfa-13719	68	17	an	an	DET
ajfa-13719	68	18	inadequate	inadequate	ADJ
ajfa-13719	68	19	measure	measure	NOUN
ajfa-13719	68	20	of	of	ADP
ajfa-13719	68	21	liquidity	liquidity	NOUN
ajfa-13719	68	22	,	,	PUNCT
ajfa-13719	68	23	to	to	PART
ajfa-13719	68	24	increase	increase	VERB
ajfa-13719	68	25	the	the	DET
ajfa-13719	68	26	validity	validity	NOUN
ajfa-13719	68	27	of	of	ADP
ajfa-13719	68	28	the	the	DET
ajfa-13719	68	29	study	study	NOUN
ajfa-13719	68	30	.	.	PUNCT
ajfa-13719	69	1	these	these	DET
ajfa-13719	69	2	measures	measure	NOUN
ajfa-13719	69	3	are	be	AUX
ajfa-13719	69	4	widely	widely	ADV
ajfa-13719	69	5	used	use	VERB
ajfa-13719	69	6	in	in	ADP
ajfa-13719	69	7	the	the	DET
ajfa-13719	69	8	studies	study	NOUN
ajfa-13719	69	9	of	of	ADP
ajfa-13719	69	10	scholars	scholar	NOUN
ajfa-13719	69	11	around	around	ADP
ajfa-13719	69	12	the	the	DET
ajfa-13719	69	13	world	world	NOUN
ajfa-13719	69	14	.	.	PUNCT
ajfa-13719	70	1	the	the	DET
ajfa-13719	70	2	computation	computation	NOUN
ajfa-13719	70	3	of	of	ADP
ajfa-13719	70	4	these	these	DET
ajfa-13719	70	5	two	two	NUM
ajfa-13719	70	6	measures	measure	NOUN
ajfa-13719	70	7	is	be	AUX
ajfa-13719	70	8	as	as	SCONJ
ajfa-13719	70	9	follows	follow	VERB
ajfa-13719	70	10	:	:	PUNCT
ajfa-13719	70	11	•	•	NOUN
ajfa-13719	70	12	method	method	NOUN
ajfa-13719	70	13	of	of	ADP
ajfa-13719	70	14	measurement	measurement	NOUN
ajfa-13719	70	15	using	use	VERB
ajfa-13719	70	16	stock	stock	NOUN
ajfa-13719	70	17	turnover	turnover	NOUN
ajfa-13719	70	18	(	(	PUNCT
ajfa-13719	70	19	turnover	turnover	NOUN
ajfa-13719	70	20	)	)	PUNCT
ajfa-13719	70	21	=	=	SYM
ajfa-13719	71	1	(	(	PUNCT
ajfa-13719	71	2	1	1	X
ajfa-13719	71	3	)	)	PUNCT
ajfa-13719	71	4	this	this	DET
ajfa-13719	71	5	method	method	NOUN
ajfa-13719	71	6	merely	merely	ADV
ajfa-13719	71	7	performs	perform	VERB
ajfa-13719	71	8	a	a	DET
ajfa-13719	71	9	business	business	NOUN
ajfa-13719	71	10	measurement	measurement	NOUN
ajfa-13719	71	11	of	of	ADP
ajfa-13719	71	12	trading	trading	NOUN
ajfa-13719	71	13	volume	volume	NOUN
ajfa-13719	71	14	over	over	ADP
ajfa-13719	71	15	a	a	DET
ajfa-13719	71	16	one	one	NUM
ajfa-13719	71	17	-	-	PUNCT
ajfa-13719	71	18	year	year	NOUN
ajfa-13719	71	19	period	period	NOUN
ajfa-13719	71	20	compared	compare	VERB
ajfa-13719	71	21	to	to	ADP
ajfa-13719	71	22	the	the	DET
ajfa-13719	71	23	number	number	NOUN
ajfa-13719	71	24	of	of	ADP
ajfa-13719	71	25	shares	share	NOUN
ajfa-13719	71	26	outstanding	outstanding	ADJ
ajfa-13719	71	27	at	at	ADP
ajfa-13719	71	28	the	the	DET
ajfa-13719	71	29	end	end	NOUN
ajfa-13719	71	30	of	of	ADP
ajfa-13719	71	31	the	the	DET
ajfa-13719	71	32	previous	previous	ADJ
ajfa-13719	71	33	year	year	NOUN
ajfa-13719	71	34	in	in	ADP
ajfa-13719	71	35	order	order	NOUN
ajfa-13719	71	36	to	to	PART
ajfa-13719	71	37	reflect	reflect	VERB
ajfa-13719	71	38	the	the	DET
ajfa-13719	71	39	liquidity	liquidity	NOUN
ajfa-13719	71	40	of	of	ADP
ajfa-13719	71	41	listed	list	VERB
ajfa-13719	71	42	shares	share	NOUN
ajfa-13719	71	43	on	on	ADP
ajfa-13719	71	44	the	the	DET
ajfa-13719	71	45	market	market	NOUN
ajfa-13719	71	46	more	more	ADV
ajfa-13719	71	47	precisely	precisely	ADV
ajfa-13719	71	48	,	,	PUNCT
ajfa-13719	71	49	because	because	SCONJ
ajfa-13719	71	50	the	the	DET
ajfa-13719	71	51	number	number	NOUN
ajfa-13719	71	52	of	of	ADP
ajfa-13719	71	53	outstanding	outstanding	ADJ
ajfa-13719	71	54	shares	share	NOUN
ajfa-13719	71	55	in	in	ADP
ajfa-13719	71	56	circulation	circulation	NOUN
ajfa-13719	71	57	can	can	AUX
ajfa-13719	71	58	change	change	VERB
ajfa-13719	71	59	over	over	ADP
ajfa-13719	71	60	time	time	NOUN
ajfa-13719	71	61	.	.	PUNCT
ajfa-13719	72	1	therefore	therefore	ADV
ajfa-13719	72	2	,	,	PUNCT
ajfa-13719	72	3	an	an	DET
ajfa-13719	72	4	individual	individual	ADJ
ajfa-13719	72	5	investor	investor	NOUN
ajfa-13719	72	6	is	be	AUX
ajfa-13719	72	7	most	most	ADV
ajfa-13719	72	8	likely	likely	ADJ
ajfa-13719	72	9	to	to	PART
ajfa-13719	72	10	be	be	AUX
ajfa-13719	72	11	interested	interested	ADJ
ajfa-13719	72	12	in	in	ADP
ajfa-13719	72	13	this	this	DET
ajfa-13719	72	14	method	method	NOUN
ajfa-13719	72	15	of	of	ADP
ajfa-13719	72	16	measurement	measurement	NOUN
ajfa-13719	72	17	.	.	PUNCT
ajfa-13719	73	1	•	•	NUM
ajfa-13719	73	2	the	the	DET
ajfa-13719	73	3	method	method	NOUN
ajfa-13719	73	4	of	of	ADP
ajfa-13719	73	5	measuring	measure	VERB
ajfa-13719	73	6	the	the	DET
ajfa-13719	73	7	frequency	frequency	NOUN
ajfa-13719	73	8	of	of	ADP
ajfa-13719	73	9	the	the	DET
ajfa-13719	73	10	zero	zero	NUM
ajfa-13719	73	11	-	-	PUNCT
ajfa-13719	73	12	yielding	yield	VERB
ajfa-13719	73	13	day	day	NOUN
ajfa-13719	73	14	(	(	PUNCT
ajfa-13719	73	15	zeros	zero	NOUN
ajfa-13719	73	16	)	)	PUNCT
ajfa-13719	73	17	this	this	DET
ajfa-13719	73	18	low	low	ADJ
ajfa-13719	73	19	liquidity	liquidity	NOUN
ajfa-13719	73	20	measurement	measurement	NOUN
ajfa-13719	73	21	was	be	AUX
ajfa-13719	73	22	developed	develop	VERB
ajfa-13719	73	23	by	by	ADP
ajfa-13719	73	24	lesmond	lesmond	NOUN
ajfa-13719	73	25	,	,	PUNCT
ajfa-13719	73	26	ogden	ogden	PROPN
ajfa-13719	73	27	and	and	CCONJ
ajfa-13719	73	28	trzcinka	trzcinka	NOUN
ajfa-13719	73	29	(	(	PUNCT
ajfa-13719	73	30	1999	1999	NUM
ajfa-13719	73	31	)	)	PUNCT
ajfa-13719	73	32	,	,	PUNCT
ajfa-13719	73	33	which	which	PRON
ajfa-13719	73	34	is	be	AUX
ajfa-13719	73	35	calculated	calculate	VERB
ajfa-13719	73	36	as	as	SCONJ
ajfa-13719	73	37	follows	follow	VERB
ajfa-13719	73	38	:	:	PUNCT
ajfa-13719	73	39	=	=	SYM
ajfa-13719	73	40	(	(	PUNCT
ajfa-13719	73	41	2	2	NUM
ajfa-13719	73	42	)	)	PUNCT
ajfa-13719	73	43	asian	asian	ADJ
ajfa-13719	73	44	journal	journal	NOUN
ajfa-13719	73	45	of	of	ADP
ajfa-13719	73	46	finance	finance	PROPN
ajfa-13719	73	47	&	&	CCONJ
ajfa-13719	73	48	accounting	accounting	PROPN
ajfa-13719	73	49	issn	issn	PROPN
ajfa-13719	73	50	1946	1946	NUM
ajfa-13719	73	51	-	-	PUNCT
ajfa-13719	73	52	052x	052x	NOUN
ajfa-13719	73	53	2018	2018	NUM
ajfa-13719	73	54	,	,	PUNCT
ajfa-13719	73	55	vol	vol	NOUN
ajfa-13719	73	56	.	.	PROPN
ajfa-13719	74	1	10	10	NUM
ajfa-13719	74	2	,	,	PUNCT
ajfa-13719	74	3	no	no	INTJ
ajfa-13719	74	4	.	.	NOUN
ajfa-13719	74	5	2	2	NUM
ajfa-13719	74	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	74	7	156	156	NUM
ajfa-13719	74	8	if	if	SCONJ
ajfa-13719	74	9	the	the	DET
ajfa-13719	74	10	company	company	NOUN
ajfa-13719	74	11	has	have	VERB
ajfa-13719	74	12	a	a	DET
ajfa-13719	74	13	high	high	ADJ
ajfa-13719	74	14	transaction	transaction	NOUN
ajfa-13719	74	15	cost	cost	NOUN
ajfa-13719	74	16	,	,	PUNCT
ajfa-13719	74	17	it	it	PRON
ajfa-13719	74	18	will	will	AUX
ajfa-13719	74	19	be	be	AUX
ajfa-13719	74	20	a	a	DET
ajfa-13719	74	21	negative	negative	ADJ
ajfa-13719	74	22	influence	influence	NOUN
ajfa-13719	74	23	on	on	ADP
ajfa-13719	74	24	stock	stock	NOUN
ajfa-13719	74	25	trading	trading	NOUN
ajfa-13719	74	26	,	,	PUNCT
ajfa-13719	74	27	creating	create	VERB
ajfa-13719	74	28	a	a	DET
ajfa-13719	74	29	barrier	barrier	NOUN
ajfa-13719	74	30	to	to	ADP
ajfa-13719	74	31	the	the	DET
ajfa-13719	74	32	investors	investor	NOUN
ajfa-13719	74	33	making	make	VERB
ajfa-13719	74	34	their	their	PRON
ajfa-13719	74	35	transactions	transaction	NOUN
ajfa-13719	74	36	and	and	CCONJ
ajfa-13719	74	37	forcing	force	VERB
ajfa-13719	74	38	them	they	PRON
ajfa-13719	74	39	to	to	PART
ajfa-13719	74	40	exploit	exploit	VERB
ajfa-13719	74	41	their	their	PRON
ajfa-13719	74	42	own	own	ADJ
ajfa-13719	74	43	information	information	NOUN
ajfa-13719	74	44	.	.	PUNCT
ajfa-13719	75	1	as	as	ADP
ajfa-13719	75	2	the	the	DET
ajfa-13719	75	3	result	result	NOUN
ajfa-13719	75	4	,	,	PUNCT
ajfa-13719	75	5	more	more	ADJ
ajfa-13719	75	6	shares	share	NOUN
ajfa-13719	75	7	with	with	ADP
ajfa-13719	75	8	less	less	ADJ
ajfa-13719	75	9	liquidity	liquidity	NOUN
ajfa-13719	75	10	will	will	AUX
ajfa-13719	75	11	be	be	AUX
ajfa-13719	75	12	traded	trade	VERB
ajfa-13719	75	13	on	on	ADP
ajfa-13719	75	14	days	day	NOUN
ajfa-13719	75	15	with	with	ADP
ajfa-13719	75	16	0	0	NUM
ajfa-13719	75	17	return	return	NOUN
ajfa-13719	75	18	.	.	PUNCT
ajfa-13719	76	1	investors	investor	NOUN
ajfa-13719	76	2	in	in	ADP
ajfa-13719	76	3	the	the	DET
ajfa-13719	76	4	market	market	NOUN
ajfa-13719	76	5	are	be	AUX
ajfa-13719	76	6	unpredictable	unpredictable	ADJ
ajfa-13719	76	7	.	.	PUNCT
ajfa-13719	77	1	the	the	DET
ajfa-13719	77	2	number	number	NOUN
ajfa-13719	77	3	of	of	ADP
ajfa-13719	77	4	investors	investor	NOUN
ajfa-13719	77	5	fluctuate	fluctuate	VERB
ajfa-13719	77	6	frequently	frequently	ADV
ajfa-13719	77	7	and	and	CCONJ
ajfa-13719	77	8	directly	directly	ADV
ajfa-13719	77	9	affect	affect	VERB
ajfa-13719	77	10	the	the	DET
ajfa-13719	77	11	efficiency	efficiency	NOUN
ajfa-13719	77	12	of	of	ADP
ajfa-13719	77	13	business	business	NOUN
ajfa-13719	77	14	operations	operation	NOUN
ajfa-13719	77	15	.	.	PUNCT
ajfa-13719	78	1	therefore	therefore	ADV
ajfa-13719	78	2	,	,	PUNCT
ajfa-13719	78	3	strategic	strategic	ADJ
ajfa-13719	78	4	managers	manager	NOUN
ajfa-13719	78	5	need	need	VERB
ajfa-13719	78	6	to	to	PART
ajfa-13719	78	7	update	update	VERB
ajfa-13719	78	8	information	information	NOUN
ajfa-13719	78	9	on	on	ADP
ajfa-13719	78	10	this	this	DET
ajfa-13719	78	11	issue	issue	NOUN
ajfa-13719	78	12	in	in	ADP
ajfa-13719	78	13	order	order	NOUN
ajfa-13719	78	14	to	to	PART
ajfa-13719	78	15	have	have	AUX
ajfa-13719	78	16	appropriate	appropriate	ADJ
ajfa-13719	78	17	business	business	NOUN
ajfa-13719	78	18	strategies	strategy	NOUN
ajfa-13719	78	19	and	and	CCONJ
ajfa-13719	78	20	to	to	PART
ajfa-13719	78	21	effectively	effectively	ADV
ajfa-13719	78	22	deal	deal	VERB
ajfa-13719	78	23	with	with	ADP
ajfa-13719	78	24	problems	problem	NOUN
ajfa-13719	78	25	that	that	PRON
ajfa-13719	78	26	may	may	AUX
ajfa-13719	78	27	incur	incur	VERB
ajfa-13719	78	28	.	.	PUNCT
ajfa-13719	79	1	3	3	X
ajfa-13719	79	2	.	.	X
ajfa-13719	79	3	research	research	NOUN
ajfa-13719	79	4	overview	overview	VERB
ajfa-13719	79	5	3.1	3.1	NUM
ajfa-13719	79	6	research	research	NOUN
ajfa-13719	79	7	overview	overview	NOUN
ajfa-13719	79	8	on	on	ADP
ajfa-13719	79	9	liquidity	liquidity	NOUN
ajfa-13719	79	10	measures	measure	NOUN
ajfa-13719	79	11	liquidity	liquidity	NOUN
ajfa-13719	79	12	is	be	AUX
ajfa-13719	79	13	an	an	DET
ajfa-13719	79	14	abstract	abstract	ADJ
ajfa-13719	79	15	concept	concept	NOUN
ajfa-13719	79	16	,	,	PUNCT
ajfa-13719	79	17	with	with	ADP
ajfa-13719	79	18	many	many	ADJ
ajfa-13719	79	19	different	different	ADJ
ajfa-13719	79	20	definitions	definition	NOUN
ajfa-13719	79	21	by	by	ADP
ajfa-13719	79	22	researchers	researcher	NOUN
ajfa-13719	79	23	and	and	CCONJ
ajfa-13719	79	24	professional	professional	ADJ
ajfa-13719	79	25	investors	investor	NOUN
ajfa-13719	79	26	.	.	PUNCT
ajfa-13719	80	1	in	in	ADP
ajfa-13719	80	2	the	the	DET
ajfa-13719	80	3	simplest	simple	ADJ
ajfa-13719	80	4	sense	sense	NOUN
ajfa-13719	80	5	,	,	PUNCT
ajfa-13719	80	6	liquidity	liquidity	NOUN
ajfa-13719	80	7	is	be	AUX
ajfa-13719	80	8	the	the	DET
ajfa-13719	80	9	easy	easy	ADJ
ajfa-13719	80	10	level	level	NOUN
ajfa-13719	80	11	of	of	ADP
ajfa-13719	80	12	trading	trade	VERB
ajfa-13719	80	13	a	a	DET
ajfa-13719	80	14	certain	certain	ADJ
ajfa-13719	80	15	stock	stock	NOUN
ajfa-13719	80	16	.	.	PUNCT
ajfa-13719	81	1	previous	previous	ADJ
ajfa-13719	81	2	research	research	NOUN
ajfa-13719	81	3	focused	focus	VERB
ajfa-13719	81	4	on	on	ADP
ajfa-13719	81	5	developing	develop	VERB
ajfa-13719	81	6	liquidity	liquidity	NOUN
ajfa-13719	81	7	measures	measure	NOUN
ajfa-13719	81	8	from	from	ADP
ajfa-13719	81	9	developed	develop	VERB
ajfa-13719	81	10	to	to	ADP
ajfa-13719	81	11	emerging	emerge	VERB
ajfa-13719	81	12	markets	market	NOUN
ajfa-13719	81	13	.	.	PUNCT
ajfa-13719	82	1	there	there	PRON
ajfa-13719	82	2	are	be	VERB
ajfa-13719	82	3	a	a	DET
ajfa-13719	82	4	number	number	NOUN
ajfa-13719	82	5	of	of	ADP
ajfa-13719	82	6	measures	measure	NOUN
ajfa-13719	82	7	taken	take	VERB
ajfa-13719	82	8	to	to	PART
ajfa-13719	82	9	choose	choose	VERB
ajfa-13719	82	10	how	how	SCONJ
ajfa-13719	82	11	to	to	PART
ajfa-13719	82	12	measure	measure	VERB
ajfa-13719	82	13	the	the	DET
ajfa-13719	82	14	liquidity	liquidity	NOUN
ajfa-13719	82	15	of	of	ADP
ajfa-13719	82	16	a	a	DET
ajfa-13719	82	17	stock	stock	NOUN
ajfa-13719	82	18	from	from	ADP
ajfa-13719	82	19	a	a	DET
ajfa-13719	82	20	variety	variety	NOUN
ajfa-13719	82	21	of	of	ADP
ajfa-13719	82	22	perspectives	perspective	NOUN
ajfa-13719	82	23	and	and	CCONJ
ajfa-13719	82	24	different	different	ADJ
ajfa-13719	82	25	liquidity	liquidity	NOUN
ajfa-13719	82	26	concepts	concept	NOUN
ajfa-13719	82	27	.	.	PUNCT
ajfa-13719	83	1	typically	typically	ADV
ajfa-13719	83	2	,	,	PUNCT
ajfa-13719	83	3	amihud	amihud	PROPN
ajfa-13719	83	4	(	(	PUNCT
ajfa-13719	83	5	2002	2002	NUM
ajfa-13719	83	6	)	)	PUNCT
ajfa-13719	83	7	measured	measure	VERB
ajfa-13719	83	8	liquidity	liquidity	NOUN
ajfa-13719	83	9	by	by	ADP
ajfa-13719	83	10	price	price	NOUN
ajfa-13719	83	11	sensitivity	sensitivity	NOUN
ajfa-13719	83	12	,	,	PUNCT
ajfa-13719	83	13	lesmond	lesmond	NOUN
ajfa-13719	83	14	et	et	PROPN
ajfa-13719	83	15	al	al	PROPN
ajfa-13719	83	16	.	.	PUNCT
ajfa-13719	84	1	(	(	PUNCT
ajfa-13719	84	2	1999	1999	NUM
ajfa-13719	84	3	)	)	PUNCT
ajfa-13719	84	4	measured	measure	VERB
ajfa-13719	84	5	liquidity	liquidity	NOUN
ajfa-13719	84	6	based	base	VERB
ajfa-13719	84	7	on	on	ADP
ajfa-13719	84	8	the	the	DET
ajfa-13719	84	9	frequency	frequency	NOUN
ajfa-13719	84	10	of	of	ADP
ajfa-13719	84	11	the	the	DET
ajfa-13719	84	12	zero	zero	NUM
ajfa-13719	84	13	-	-	PUNCT
ajfa-13719	84	14	yielding	yield	VERB
ajfa-13719	84	15	day	day	NOUN
ajfa-13719	84	16	,	,	PUNCT
ajfa-13719	84	17	or	or	CCONJ
ajfa-13719	84	18	roll	roll	NOUN
ajfa-13719	84	19	(	(	PUNCT
ajfa-13719	84	20	1984	1984	NUM
ajfa-13719	84	21	)	)	PUNCT
ajfa-13719	84	22	measured	measure	VERB
ajfa-13719	84	23	liquidity	liquidity	NOUN
ajfa-13719	84	24	based	base	VERB
ajfa-13719	84	25	on	on	ADP
ajfa-13719	84	26	ask	ask	NOUN
ajfa-13719	84	27	or	or	CCONJ
ajfa-13719	84	28	bid	bid	NOUN
ajfa-13719	84	29	price	price	NOUN
ajfa-13719	84	30	.	.	PUNCT
ajfa-13719	85	1	liquidity	liquidity	NOUN
ajfa-13719	85	2	is	be	AUX
ajfa-13719	85	3	a	a	DET
ajfa-13719	85	4	broad	broad	ADJ
ajfa-13719	85	5	definition	definition	NOUN
ajfa-13719	85	6	with	with	ADP
ajfa-13719	85	7	many	many	ADJ
ajfa-13719	85	8	different	different	ADJ
ajfa-13719	85	9	aspects	aspect	NOUN
ajfa-13719	85	10	that	that	SCONJ
ajfa-13719	85	11	only	only	ADV
ajfa-13719	85	12	one	one	NUM
ajfa-13719	85	13	measure	measure	NOUN
ajfa-13719	85	14	can	can	AUX
ajfa-13719	85	15	not	not	PART
ajfa-13719	85	16	cover	cover	VERB
ajfa-13719	85	17	the	the	DET
ajfa-13719	85	18	whole	whole	NOUN
ajfa-13719	85	19	.	.	PUNCT
ajfa-13719	86	1	domestic	domestic	ADJ
ajfa-13719	86	2	writings	writing	NOUN
ajfa-13719	86	3	of	of	ADP
ajfa-13719	86	4	authors	author	NOUN
ajfa-13719	86	5	such	such	ADJ
ajfa-13719	86	6	as	as	ADP
ajfa-13719	86	7	le	le	PROPN
ajfa-13719	86	8	dat	dat	PROPN
ajfa-13719	86	9	chi	chi	PROPN
ajfa-13719	86	10	and	and	CCONJ
ajfa-13719	86	11	hoang	hoang	PROPN
ajfa-13719	86	12	thi	thi	PROPN
ajfa-13719	86	13	phuong	phuong	PROPN
ajfa-13719	86	14	thao	thao	PROPN
ajfa-13719	86	15	(	(	PUNCT
ajfa-13719	86	16	2015	2015	NUM
ajfa-13719	86	17	)	)	PUNCT
ajfa-13719	86	18	used	use	VERB
ajfa-13719	86	19	six	six	NUM
ajfa-13719	86	20	liquidity	liquidity	NOUN
ajfa-13719	86	21	metrics	metric	NOUN
ajfa-13719	86	22	as	as	ADP
ajfa-13719	86	23	the	the	DET
ajfa-13719	86	24	relative	relative	ADJ
ajfa-13719	86	25	price	price	NOUN
ajfa-13719	86	26	difference	difference	NOUN
ajfa-13719	86	27	,	,	PUNCT
ajfa-13719	86	28	stock	stock	NOUN
ajfa-13719	86	29	turnover	turnover	NOUN
ajfa-13719	86	30	,	,	PUNCT
ajfa-13719	86	31	sensitivity	sensitivity	NOUN
ajfa-13719	86	32	measure	measure	NOUN
ajfa-13719	86	33	of	of	ADP
ajfa-13719	86	34	price	price	NOUN
ajfa-13719	86	35	,	,	PUNCT
ajfa-13719	86	36	the	the	DET
ajfa-13719	86	37	frequency	frequency	NOUN
ajfa-13719	86	38	of	of	ADP
ajfa-13719	86	39	the	the	DET
ajfa-13719	86	40	zero	zero	NUM
ajfa-13719	86	41	-	-	PUNCT
ajfa-13719	86	42	yielding	yield	VERB
ajfa-13719	86	43	day	day	NOUN
ajfa-13719	86	44	,	,	PUNCT
ajfa-13719	86	45	the	the	DET
ajfa-13719	86	46	implied	imply	VERB
ajfa-13719	86	47	market	market	NOUN
ajfa-13719	86	48	spread	spread	NOUN
ajfa-13719	86	49	,	,	PUNCT
ajfa-13719	86	50	and	and	CCONJ
ajfa-13719	86	51	the	the	DET
ajfa-13719	86	52	depth	depth	NOUN
ajfa-13719	86	53	of	of	ADP
ajfa-13719	86	54	the	the	DET
ajfa-13719	86	55	market	market	NOUN
ajfa-13719	86	56	to	to	PART
ajfa-13719	86	57	reinforce	reinforce	VERB
ajfa-13719	86	58	the	the	DET
ajfa-13719	86	59	research	research	NOUN
ajfa-13719	86	60	on	on	ADP
ajfa-13719	86	61	"	"	PUNCT
ajfa-13719	86	62	the	the	DET
ajfa-13719	86	63	impact	impact	NOUN
ajfa-13719	86	64	of	of	ADP
ajfa-13719	86	65	the	the	DET
ajfa-13719	86	66	global	global	ADJ
ajfa-13719	86	67	financial	financial	ADJ
ajfa-13719	86	68	crisis	crisis	NOUN
ajfa-13719	86	69	on	on	ADP
ajfa-13719	86	70	the	the	DET
ajfa-13719	86	71	liquidity	liquidity	NOUN
ajfa-13719	86	72	of	of	ADP
ajfa-13719	86	73	vietnamese	vietnamese	ADJ
ajfa-13719	86	74	securities	security	NOUN
ajfa-13719	86	75	"	"	PUNCT
ajfa-13719	86	76	.	.	PUNCT
ajfa-13719	87	1	3.2	3.2	NUM
ajfa-13719	87	2	results	result	NOUN
ajfa-13719	87	3	of	of	ADP
ajfa-13719	87	4	empirical	empirical	ADJ
ajfa-13719	87	5	research	research	NOUN
ajfa-13719	87	6	on	on	ADP
ajfa-13719	87	7	the	the	DET
ajfa-13719	87	8	relationship	relationship	NOUN
ajfa-13719	87	9	between	between	ADP
ajfa-13719	87	10	capital	capital	NOUN
ajfa-13719	87	11	structure	structure	NOUN
ajfa-13719	87	12	and	and	CCONJ
ajfa-13719	87	13	stock	stock	NOUN
ajfa-13719	87	14	liquidity	liquidity	NOUN
ajfa-13719	87	15	there	there	PRON
ajfa-13719	87	16	are	be	VERB
ajfa-13719	87	17	a	a	DET
ajfa-13719	87	18	lot	lot	NOUN
ajfa-13719	87	19	of	of	ADP
ajfa-13719	87	20	studies	study	NOUN
ajfa-13719	87	21	on	on	ADP
ajfa-13719	87	22	the	the	DET
ajfa-13719	87	23	relationship	relationship	NOUN
ajfa-13719	87	24	between	between	ADP
ajfa-13719	87	25	capital	capital	NOUN
ajfa-13719	87	26	structure	structure	NOUN
ajfa-13719	87	27	and	and	CCONJ
ajfa-13719	87	28	liquidity	liquidity	NOUN
ajfa-13719	87	29	of	of	ADP
ajfa-13719	87	30	stocks	stock	NOUN
ajfa-13719	87	31	.	.	PUNCT
ajfa-13719	88	1	the	the	DET
ajfa-13719	88	2	first	first	ADJ
ajfa-13719	88	3	is	be	AUX
ajfa-13719	88	4	a	a	DET
ajfa-13719	88	5	study	study	NOUN
ajfa-13719	88	6	of	of	ADP
ajfa-13719	88	7	the	the	DET
ajfa-13719	88	8	interplay	interplay	NOUN
ajfa-13719	88	9	of	of	ADP
ajfa-13719	88	10	stock	stock	NOUN
ajfa-13719	88	11	liquidity	liquidity	NOUN
ajfa-13719	88	12	and	and	CCONJ
ajfa-13719	88	13	capital	capital	NOUN
ajfa-13719	88	14	structure	structure	NOUN
ajfa-13719	88	15	of	of	ADP
ajfa-13719	88	16	firms	firm	NOUN
ajfa-13719	88	17	listed	list	VERB
ajfa-13719	88	18	on	on	ADP
ajfa-13719	88	19	the	the	DET
ajfa-13719	88	20	nyse	nyse	PROPN
ajfa-13719	88	21	in	in	ADP
ajfa-13719	88	22	1988	1988	NUM
ajfa-13719	88	23	-	-	SYM
ajfa-13719	88	24	1998	1998	NUM
ajfa-13719	88	25	by	by	ADP
ajfa-13719	88	26	frieder	frieder	NOUN
ajfa-13719	88	27	and	and	CCONJ
ajfa-13719	88	28	martell	martell	PROPN
ajfa-13719	88	29	(	(	PUNCT
ajfa-13719	88	30	2006	2006	NUM
ajfa-13719	88	31	)	)	PUNCT
ajfa-13719	88	32	.	.	PUNCT
ajfa-13719	89	1	hypothetical	hypothetical	ADJ
ajfa-13719	89	2	test	test	NOUN
ajfa-13719	89	3	results	result	NOUN
ajfa-13719	89	4	show	show	VERB
ajfa-13719	89	5	that	that	SCONJ
ajfa-13719	89	6	high	high	ADJ
ajfa-13719	89	7	leverage	leverage	NOUN
ajfa-13719	89	8	increases	increase	VERB
ajfa-13719	89	9	liquidity	liquidity	NOUN
ajfa-13719	89	10	,	,	PUNCT
ajfa-13719	89	11	which	which	PRON
ajfa-13719	89	12	is	be	AUX
ajfa-13719	89	13	consistent	consistent	ADJ
ajfa-13719	89	14	with	with	ADP
ajfa-13719	89	15	the	the	DET
ajfa-13719	89	16	idea	idea	NOUN
ajfa-13719	89	17	that	that	SCONJ
ajfa-13719	89	18	debt	debt	NOUN
ajfa-13719	89	19	managers	manager	NOUN
ajfa-13719	89	20	must	must	AUX
ajfa-13719	89	21	make	make	VERB
ajfa-13719	89	22	better	well	ADJ
ajfa-13719	89	23	investment	investment	NOUN
ajfa-13719	89	24	decisions	decision	NOUN
ajfa-13719	89	25	(	(	PUNCT
ajfa-13719	89	26	jensen	jensen	PROPN
ajfa-13719	89	27	,	,	PUNCT
ajfa-13719	89	28	1986	1986	NUM
ajfa-13719	89	29	)	)	PUNCT
ajfa-13719	89	30	,	,	PUNCT
ajfa-13719	89	31	thereby	thereby	ADV
ajfa-13719	89	32	reducing	reduce	VERB
ajfa-13719	89	33	agency	agency	NOUN
ajfa-13719	89	34	costs	cost	NOUN
ajfa-13719	89	35	between	between	ADP
ajfa-13719	89	36	managers	manager	NOUN
ajfa-13719	89	37	and	and	CCONJ
ajfa-13719	89	38	investors	investor	NOUN
ajfa-13719	89	39	,	,	PUNCT
ajfa-13719	89	40	and	and	CCONJ
ajfa-13719	89	41	increasing	increase	VERB
ajfa-13719	89	42	the	the	DET
ajfa-13719	89	43	liquidity	liquidity	NOUN
ajfa-13719	89	44	of	of	ADP
ajfa-13719	89	45	the	the	DET
ajfa-13719	89	46	stock	stock	NOUN
ajfa-13719	89	47	(	(	PUNCT
ajfa-13719	89	48	kyle	kyle	NOUN
ajfa-13719	89	49	,	,	PUNCT
ajfa-13719	89	50	1985	1985	NUM
ajfa-13719	89	51	)	)	PUNCT
ajfa-13719	89	52	.	.	PUNCT
ajfa-13719	90	1	on	on	ADP
ajfa-13719	90	2	the	the	DET
ajfa-13719	90	3	other	other	ADJ
ajfa-13719	90	4	hand	hand	NOUN
ajfa-13719	90	5	,	,	PUNCT
ajfa-13719	90	6	the	the	DET
ajfa-13719	90	7	results	result	NOUN
ajfa-13719	90	8	also	also	ADV
ajfa-13719	90	9	show	show	VERB
ajfa-13719	90	10	that	that	SCONJ
ajfa-13719	90	11	any	any	DET
ajfa-13719	90	12	decline	decline	NOUN
ajfa-13719	90	13	in	in	ADP
ajfa-13719	90	14	stock	stock	NOUN
ajfa-13719	90	15	liquidity	liquidity	NOUN
ajfa-13719	90	16	increases	increase	VERB
ajfa-13719	90	17	financial	financial	ADJ
ajfa-13719	90	18	leverage	leverage	NOUN
ajfa-13719	90	19	.	.	PUNCT
ajfa-13719	91	1	udomsirikul	udomsirikul	ADJ
ajfa-13719	91	2	and	and	CCONJ
ajfa-13719	91	3	fortune	fortune	NOUN
ajfa-13719	91	4	(	(	PUNCT
ajfa-13719	91	5	2011	2011	NUM
ajfa-13719	91	6	)	)	PUNCT
ajfa-13719	91	7	conducted	conduct	VERB
ajfa-13719	91	8	a	a	DET
ajfa-13719	91	9	study	study	NOUN
ajfa-13719	91	10	on	on	ADP
ajfa-13719	91	11	the	the	DET
ajfa-13719	91	12	relationship	relationship	NOUN
ajfa-13719	91	13	between	between	ADP
ajfa-13719	91	14	capital	capital	NOUN
ajfa-13719	91	15	structure	structure	NOUN
ajfa-13719	91	16	and	and	CCONJ
ajfa-13719	91	17	stock	stock	NOUN
ajfa-13719	91	18	liquidity	liquidity	NOUN
ajfa-13719	91	19	on	on	ADP
ajfa-13719	91	20	707	707	NUM
ajfa-13719	91	21	companies	company	NOUN
ajfa-13719	91	22	in	in	ADP
ajfa-13719	91	23	thailand	thailand	PROPN
ajfa-13719	91	24	in	in	ADP
ajfa-13719	91	25	the	the	DET
ajfa-13719	91	26	period	period	NOUN
ajfa-13719	91	27	of	of	ADP
ajfa-13719	91	28	2002	2002	NUM
ajfa-13719	91	29	-	-	SYM
ajfa-13719	91	30	2008	2008	NUM
ajfa-13719	91	31	.	.	PUNCT
ajfa-13719	92	1	the	the	DET
ajfa-13719	92	2	authors	author	NOUN
ajfa-13719	92	3	use	use	VERB
ajfa-13719	92	4	three	three	NUM
ajfa-13719	92	5	liquidity	liquidity	NOUN
ajfa-13719	92	6	measures	measure	NOUN
ajfa-13719	92	7	including	include	VERB
ajfa-13719	92	8	method	method	NOUN
ajfa-13719	92	9	by	by	ADP
ajfa-13719	92	10	amihud	amihud	PROPN
ajfa-13719	92	11	(	(	PUNCT
ajfa-13719	92	12	2002	2002	NUM
ajfa-13719	92	13	)	)	PUNCT
ajfa-13719	92	14	,	,	PUNCT
ajfa-13719	92	15	modified	modify	VERB
ajfa-13719	92	16	turnover	turnover	NOUN
ajfa-13719	92	17	,	,	PUNCT
ajfa-13719	92	18	and	and	CCONJ
ajfa-13719	92	19	adjustable	adjustable	ADJ
ajfa-13719	92	20	liquidity	liquidity	NOUN
ajfa-13719	92	21	ratios	ratio	NOUN
ajfa-13719	92	22	,	,	PUNCT
ajfa-13719	92	23	which	which	PRON
ajfa-13719	92	24	represents	represent	VERB
ajfa-13719	92	25	the	the	DET
ajfa-13719	92	26	liquidity	liquidity	NOUN
ajfa-13719	92	27	of	of	ADP
ajfa-13719	92	28	the	the	DET
ajfa-13719	92	29	stock	stock	NOUN
ajfa-13719	92	30	and	and	CCONJ
ajfa-13719	92	31	the	the	DET
ajfa-13719	92	32	debt	debt	NOUN
ajfa-13719	92	33	-	-	PUNCT
ajfa-13719	92	34	to	to	ADP
ajfa-13719	92	35	-	-	PUNCT
ajfa-13719	92	36	asset	asset	NOUN
ajfa-13719	92	37	ratio	ratio	NOUN
ajfa-13719	92	38	represents	represent	VERB
ajfa-13719	92	39	the	the	DET
ajfa-13719	92	40	capital	capital	NOUN
ajfa-13719	92	41	structure	structure	NOUN
ajfa-13719	92	42	.	.	PUNCT
ajfa-13719	93	1	thailand	thailand	PROPN
ajfa-13719	93	2	is	be	AUX
ajfa-13719	93	3	a	a	DET
ajfa-13719	93	4	less	less	ADV
ajfa-13719	93	5	complex	complex	ADJ
ajfa-13719	93	6	capital	capital	NOUN
ajfa-13719	93	7	market	market	NOUN
ajfa-13719	93	8	than	than	ADP
ajfa-13719	93	9	the	the	DET
ajfa-13719	93	10	united	united	PROPN
ajfa-13719	93	11	states	states	PROPN
ajfa-13719	93	12	with	with	ADP
ajfa-13719	93	13	predominant	predominant	ADJ
ajfa-13719	93	14	bank	bank	NOUN
ajfa-13719	93	15	loans	loan	NOUN
ajfa-13719	93	16	and	and	CCONJ
ajfa-13719	93	17	more	more	ADV
ajfa-13719	93	18	centralized	centralized	ADJ
ajfa-13719	93	19	corporate	corporate	ADJ
ajfa-13719	93	20	ownership	ownership	NOUN
ajfa-13719	93	21	.	.	PUNCT
ajfa-13719	94	1	in	in	ADP
ajfa-13719	94	2	spite	spite	NOUN
ajfa-13719	94	3	of	of	ADP
ajfa-13719	94	4	these	these	DET
ajfa-13719	94	5	differences	difference	NOUN
ajfa-13719	94	6	,	,	PUNCT
ajfa-13719	94	7	the	the	DET
ajfa-13719	94	8	author	author	NOUN
ajfa-13719	94	9	's	's	PART
ajfa-13719	94	10	study	study	NOUN
ajfa-13719	94	11	gives	give	VERB
ajfa-13719	94	12	the	the	DET
ajfa-13719	94	13	result	result	NOUN
ajfa-13719	94	14	of	of	ADP
ajfa-13719	94	15	the	the	DET
ajfa-13719	94	16	negative	negative	ADJ
ajfa-13719	94	17	correlation	correlation	NOUN
ajfa-13719	94	18	between	between	ADP
ajfa-13719	94	19	stock	stock	NOUN
ajfa-13719	94	20	liquidity	liquidity	NOUN
ajfa-13719	94	21	and	and	CCONJ
ajfa-13719	94	22	financial	financial	ADJ
ajfa-13719	94	23	leverage	leverage	NOUN
ajfa-13719	94	24	.	.	PUNCT
ajfa-13719	95	1	lesmond	lesmond	NOUN
ajfa-13719	95	2	,	,	PUNCT
ajfa-13719	95	3	o`connor	o`connor	NOUN
ajfa-13719	95	4	and	and	CCONJ
ajfa-13719	95	5	senbet	senbet	ADJ
ajfa-13719	95	6	asian	asian	ADJ
ajfa-13719	95	7	journal	journal	PROPN
ajfa-13719	95	8	of	of	ADP
ajfa-13719	95	9	finance	finance	PROPN
ajfa-13719	95	10	&	&	CCONJ
ajfa-13719	95	11	accounting	accounting	PROPN
ajfa-13719	95	12	issn	issn	PROPN
ajfa-13719	95	13	1946	1946	NUM
ajfa-13719	95	14	-	-	PUNCT
ajfa-13719	95	15	052x	052x	NOUN
ajfa-13719	95	16	2018	2018	NUM
ajfa-13719	95	17	,	,	PUNCT
ajfa-13719	95	18	vol	vol	NOUN
ajfa-13719	95	19	.	.	PROPN
ajfa-13719	96	1	10	10	NUM
ajfa-13719	96	2	,	,	PUNCT
ajfa-13719	96	3	no	no	INTJ
ajfa-13719	96	4	.	.	NOUN
ajfa-13719	96	5	2	2	NUM
ajfa-13719	96	6	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-13719	96	7	157	157	NUM
ajfa-13719	96	8	(	(	PUNCT
ajfa-13719	96	9	2008	2008	NUM
ajfa-13719	96	10	)	)	PUNCT
ajfa-13719	96	11	studied	study	VERB
ajfa-13719	96	12	capital	capital	NOUN
ajfa-13719	96	13	structure	structure	NOUN
ajfa-13719	96	14	and	and	CCONJ
ajfa-13719	96	15	stock	stock	NOUN
ajfa-13719	96	16	liquidity	liquidity	NOUN
ajfa-13719	96	17	with	with	ADP
ajfa-13719	96	18	226	226	NUM
ajfa-13719	96	19	non	non	ADJ
ajfa-13719	96	20	-	-	ADJ
ajfa-13719	96	21	financial	financial	ADJ
ajfa-13719	96	22	companies	company	NOUN
ajfa-13719	96	23	from	from	ADP
ajfa-13719	96	24	1980	1980	NUM
ajfa-13719	96	25	-	-	SYM
ajfa-13719	96	26	2006	2006	NUM
ajfa-13719	96	27	.	.	PUNCT
ajfa-13719	97	1	data	datum	NOUN
ajfa-13719	97	2	sets	set	NOUN
ajfa-13719	97	3	are	be	AUX
ajfa-13719	97	4	collected	collect	VERB
ajfa-13719	97	5	from	from	ADP
ajfa-13719	97	6	financial	financial	ADJ
ajfa-13719	97	7	reports	report	NOUN
ajfa-13719	97	8	and	and	CCONJ
ajfa-13719	97	9	the	the	DET
ajfa-13719	97	10	dow	dow	PROPN
ajfa-13719	97	11	jones	jones	PROPN
ajfa-13719	97	12	index	index	PROPN
ajfa-13719	97	13	.	.	PUNCT
ajfa-13719	98	1	using	use	VERB
ajfa-13719	98	2	three	three	NUM
ajfa-13719	98	3	liquidity	liquidity	NOUN
ajfa-13719	98	4	measures	measure	NOUN
ajfa-13719	98	5	,	,	PUNCT
ajfa-13719	98	6	one	one	NUM
ajfa-13719	98	7	estimates	estimate	VERB
ajfa-13719	98	8	the	the	DET
ajfa-13719	98	9	price	price	NOUN
ajfa-13719	98	10	effect	effect	NOUN
ajfa-13719	98	11	based	base	VERB
ajfa-13719	98	12	on	on	ADP
ajfa-13719	98	13	the	the	DET
ajfa-13719	98	14	hasbrouck	hasbrouck	NOUN
ajfa-13719	98	15	(	(	PUNCT
ajfa-13719	98	16	2007	2007	NUM
ajfa-13719	98	17	)	)	PUNCT
ajfa-13719	98	18	model	model	NOUN
ajfa-13719	98	19	,	,	PUNCT
ajfa-13719	98	20	lesmond	lesmond	NOUN
ajfa-13719	98	21	et	et	PROPN
ajfa-13719	98	22	al	al	PROPN
ajfa-13719	98	23	.	.	PUNCT
ajfa-13719	99	1	(	(	PUNCT
ajfa-13719	99	2	1999	1999	NUM
ajfa-13719	99	3	)	)	PUNCT
ajfa-13719	99	4	,	,	PUNCT
ajfa-13719	99	5	and	and	CCONJ
ajfa-13719	99	6	the	the	DET
ajfa-13719	99	7	purchase	purchase	NOUN
ajfa-13719	99	8	price	price	NOUN
ajfa-13719	99	9	difference	difference	NOUN
ajfa-13719	99	10	(	(	PUNCT
ajfa-13719	99	11	representing	represent	VERB
ajfa-13719	99	12	the	the	DET
ajfa-13719	99	13	cost	cost	NOUN
ajfa-13719	99	14	of	of	ADP
ajfa-13719	99	15	instantaneous	instantaneous	ADJ
ajfa-13719	99	16	)	)	PUNCT
ajfa-13719	99	17	,	,	PUNCT
ajfa-13719	99	18	the	the	DET
ajfa-13719	99	19	authors	author	NOUN
ajfa-13719	99	20	found	find	VERB
ajfa-13719	99	21	that	that	SCONJ
ajfa-13719	99	22	increased	increase	VERB
ajfa-13719	99	23	financial	financial	ADJ
ajfa-13719	99	24	leverage	leverage	NOUN
ajfa-13719	99	25	was	be	AUX
ajfa-13719	99	26	associated	associate	VERB
ajfa-13719	99	27	with	with	ADP
ajfa-13719	99	28	reducing	reduce	VERB
ajfa-13719	99	29	stock	stock	NOUN
ajfa-13719	99	30	liquidity	liquidity	NOUN
ajfa-13719	99	31	and	and	CCONJ
ajfa-13719	99	32	decreased	decrease	VERB
ajfa-13719	99	33	financial	financial	ADJ
ajfa-13719	99	34	leverage	leverage	NOUN
ajfa-13719	99	35	related	relate	VERB
ajfa-13719	99	36	to	to	ADP
ajfa-13719	99	37	increasing	increase	VERB
ajfa-13719	99	38	stock	stock	NOUN
ajfa-13719	99	39	liquidity	liquidity	NOUN
ajfa-13719	99	40	.	.	PUNCT
ajfa-13719	100	1	rasa	rasa	PROPN
ajfa-13719	100	2	norvaišienė	norvaišienė	PROPN
ajfa-13719	100	3	and	and	CCONJ
ajfa-13719	100	4	jurgita	jurgita	PROPN
ajfa-13719	100	5	stankevičienė	stankevičienė	PROPN
ajfa-13719	100	6	(	(	PUNCT
ajfa-13719	100	7	2014	2014	NUM
ajfa-13719	100	8	)	)	PUNCT
ajfa-13719	100	9	reviewed	review	VERB
ajfa-13719	100	10	the	the	DET
ajfa-13719	100	11	impact	impact	NOUN
ajfa-13719	100	12	of	of	ADP
ajfa-13719	100	13	the	the	DET
ajfa-13719	100	14	company	company	NOUN
ajfa-13719	100	15	specific	specific	ADJ
ajfa-13719	100	16	factors	factor	NOUN
ajfa-13719	100	17	on	on	ADP
ajfa-13719	100	18	stock	stock	NOUN
ajfa-13719	100	19	liquidity	liquidity	NOUN
ajfa-13719	100	20	on	on	ADP
ajfa-13719	100	21	the	the	DET
ajfa-13719	100	22	baltic	baltic	ADJ
ajfa-13719	100	23	stock	stock	NOUN
ajfa-13719	100	24	market	market	NOUN
ajfa-13719	100	25	between	between	ADP
ajfa-13719	100	26	2005	2005	NUM
ajfa-13719	100	27	and	and	CCONJ
ajfa-13719	100	28	2012	2012	NUM
ajfa-13719	100	29	.	.	PUNCT
ajfa-13719	101	1	factors	factor	NOUN
ajfa-13719	101	2	of	of	ADP
ajfa-13719	101	3	the	the	DET
ajfa-13719	101	4	company	company	NOUN
ajfa-13719	101	5	included	include	VERB
ajfa-13719	101	6	in	in	ADP
ajfa-13719	101	7	the	the	DET
ajfa-13719	101	8	study	study	NOUN
ajfa-13719	101	9	are	be	AUX
ajfa-13719	101	10	such	such	ADJ
ajfa-13719	101	11	as	as	ADP
ajfa-13719	101	12	the	the	DET
ajfa-13719	101	13	business	business	NOUN
ajfa-13719	101	14	size	size	NOUN
ajfa-13719	101	15	,	,	PUNCT
ajfa-13719	101	16	roa	roa	NOUN
ajfa-13719	101	17	,	,	PUNCT
ajfa-13719	101	18	financial	financial	ADJ
ajfa-13719	101	19	leverage	leverage	NOUN
ajfa-13719	101	20	(	(	PUNCT
ajfa-13719	101	21	measured	measure	VERB
ajfa-13719	101	22	by	by	ADP
ajfa-13719	101	23	debt	debt	NOUN
ajfa-13719	101	24	to	to	ADP
ajfa-13719	101	25	equity	equity	NOUN
ajfa-13719	101	26	)	)	PUNCT
ajfa-13719	101	27	,	,	PUNCT
ajfa-13719	101	28	profit	profit	NOUN
ajfa-13719	101	29	or	or	CCONJ
ajfa-13719	101	30	loss	loss	NOUN
ajfa-13719	101	31	ratio	ratio	NOUN
ajfa-13719	101	32	,	,	PUNCT
ajfa-13719	101	33	current	current	ADJ
ajfa-13719	101	34	solvency	solvency	NOUN
ajfa-13719	101	35	.	.	PUNCT
ajfa-13719	102	1	the	the	DET
ajfa-13719	102	2	study	study	NOUN
ajfa-13719	102	3	showed	show	VERB
ajfa-13719	102	4	that	that	SCONJ
ajfa-13719	102	5	the	the	PRON
ajfa-13719	102	6	higher	high	ADJ
ajfa-13719	102	7	the	the	DET
ajfa-13719	102	8	equity	equity	NOUN
ajfa-13719	102	9	of	of	ADP
ajfa-13719	102	10	estonia	estonia	PROPN
ajfa-13719	102	11	's	's	PART
ajfa-13719	102	12	companies	company	NOUN
ajfa-13719	102	13	,	,	PUNCT
ajfa-13719	102	14	the	the	PRON
ajfa-13719	102	15	higher	high	ADJ
ajfa-13719	102	16	the	the	DET
ajfa-13719	102	17	liquidity	liquidity	NOUN
ajfa-13719	102	18	affected	affect	VERB
ajfa-13719	102	19	by	by	ADP
ajfa-13719	102	20	the	the	DET
ajfa-13719	102	21	increase	increase	NOUN
ajfa-13719	102	22	in	in	ADP
ajfa-13719	102	23	financial	financial	ADJ
ajfa-13719	102	24	leverage	leverage	NOUN
ajfa-13719	102	25	.	.	PUNCT
ajfa-13719	103	1	stock	stock	NOUN
ajfa-13719	103	2	liquidity	liquidity	NOUN
ajfa-13719	103	3	of	of	ADP
ajfa-13719	103	4	latvian	latvian	ADJ
ajfa-13719	103	5	companies	company	NOUN
ajfa-13719	103	6	during	during	ADP
ajfa-13719	103	7	2005	2005	NUM
ajfa-13719	103	8	-	-	SYM
ajfa-13719	103	9	2012	2012	NUM
ajfa-13719	103	10	is	be	AUX
ajfa-13719	103	11	affected	affect	VERB
ajfa-13719	103	12	only	only	ADV
ajfa-13719	103	13	by	by	ADP
ajfa-13719	103	14	the	the	DET
ajfa-13719	103	15	size	size	NOUN
ajfa-13719	103	16	of	of	ADP
ajfa-13719	103	17	the	the	DET
ajfa-13719	103	18	companies	company	NOUN
ajfa-13719	103	19	.	.	PUNCT
ajfa-13719	104	1	the	the	DET
ajfa-13719	104	2	liquidity	liquidity	NOUN
ajfa-13719	104	3	of	of	ADP
ajfa-13719	104	4	the	the	DET
ajfa-13719	104	5	lithuanian	lithuanian	ADJ
ajfa-13719	104	6	companies	company	NOUN
ajfa-13719	104	7	’	’	PART
ajfa-13719	104	8	shares	share	NOUN
ajfa-13719	104	9	during	during	ADP
ajfa-13719	104	10	the	the	DET
ajfa-13719	104	11	research	research	NOUN
ajfa-13719	104	12	period	period	NOUN
ajfa-13719	104	13	was	be	AUX
ajfa-13719	104	14	positively	positively	ADV
ajfa-13719	104	15	influenced	influence	VERB
ajfa-13719	104	16	by	by	ADP
ajfa-13719	104	17	the	the	DET
ajfa-13719	104	18	size	size	NOUN
ajfa-13719	104	19	of	of	ADP
ajfa-13719	104	20	the	the	DET
ajfa-13719	104	21	companies	company	NOUN
ajfa-13719	104	22	and	and	CCONJ
ajfa-13719	104	23	the	the	DET
ajfa-13719	104	24	return	return	NOUN
ajfa-13719	104	25	on	on	ADP
ajfa-13719	104	26	their	their	PRON
ajfa-13719	104	27	assets	asset	NOUN
ajfa-13719	104	28	.	.	PUNCT
ajfa-13719	105	1	however	however	ADV
ajfa-13719	105	2	,	,	PUNCT
ajfa-13719	105	3	financial	financial	ADJ
ajfa-13719	105	4	leverage	leverage	NOUN
ajfa-13719	105	5	has	have	VERB
ajfa-13719	105	6	a	a	DET
ajfa-13719	105	7	negative	negative	ADJ
ajfa-13719	105	8	impact	impact	NOUN
ajfa-13719	105	9	on	on	ADP
ajfa-13719	105	10	stock	stock	NOUN
ajfa-13719	105	11	liquidity	liquidity	NOUN
ajfa-13719	105	12	.	.	PUNCT
ajfa-13719	106	1	wasfi	wasfi	PROPN
ajfa-13719	106	2	a.	a.	PROPN
ajfa-13719	106	3	al	al	PROPN
ajfa-13719	106	4	salamat	salamat	PROPN
ajfa-13719	106	5	(	(	PUNCT
ajfa-13719	106	6	2016	2016	NUM
ajfa-13719	106	7	)	)	PUNCT
ajfa-13719	106	8	studied	study	VERB
ajfa-13719	106	9	the	the	DET
ajfa-13719	106	10	effects	effect	NOUN
ajfa-13719	106	11	of	of	ADP
ajfa-13719	106	12	factors	factor	NOUN
ajfa-13719	106	13	in	in	ADP
ajfa-13719	106	14	the	the	DET
ajfa-13719	106	15	macro	macro	NOUN
ajfa-13719	106	16	-	-	NOUN
ajfa-13719	106	17	economy	economy	NOUN
ajfa-13719	106	18	and	and	CCONJ
ajfa-13719	106	19	the	the	DET
ajfa-13719	106	20	company	company	NOUN
ajfa-13719	106	21	's	's	PART
ajfa-13719	106	22	unique	unique	ADJ
ajfa-13719	106	23	factors	factor	NOUN
ajfa-13719	106	24	on	on	ADP
ajfa-13719	106	25	stock	stock	NOUN
ajfa-13719	106	26	liquidity	liquidity	NOUN
ajfa-13719	106	27	empirical	empirical	ADJ
ajfa-13719	106	28	evidence	evidence	NOUN
ajfa-13719	106	29	from	from	ADP
ajfa-13719	106	30	jordan	jordan	PROPN
ajfa-13719	106	31	showed	show	VERB
ajfa-13719	106	32	that	that	SCONJ
ajfa-13719	106	33	stock	stock	NOUN
ajfa-13719	106	34	liquidity	liquidity	NOUN
ajfa-13719	106	35	is	be	AUX
ajfa-13719	106	36	positively	positively	ADV
ajfa-13719	106	37	influenced	influence	VERB
ajfa-13719	106	38	by	by	ADP
ajfa-13719	106	39	financial	financial	ADJ
ajfa-13719	106	40	leverage	leverage	NOUN
ajfa-13719	106	41	,	,	PUNCT
ajfa-13719	106	42	earnings	earning	NOUN
ajfa-13719	106	43	per	per	ADP
ajfa-13719	106	44	share	share	NOUN
ajfa-13719	106	45	(	(	PUNCT
ajfa-13719	106	46	eps	eps	PROPN
ajfa-13719	106	47	)	)	PUNCT
ajfa-13719	106	48	,	,	PUNCT
ajfa-13719	106	49	interest	interest	NOUN
ajfa-13719	106	50	rates	rate	NOUN
ajfa-13719	106	51	,	,	PUNCT
ajfa-13719	106	52	gross	gross	ADJ
ajfa-13719	106	53	domestic	domestic	ADJ
ajfa-13719	106	54	product	product	NOUN
ajfa-13719	106	55	(	(	PUNCT
ajfa-13719	106	56	gdp	gdp	NOUN
ajfa-13719	106	57	)	)	PUNCT
ajfa-13719	106	58	,	,	PUNCT
ajfa-13719	106	59	and	and	CCONJ
ajfa-13719	106	60	size	size	NOUN
ajfa-13719	106	61	;	;	PUNCT
ajfa-13719	106	62	whereas	whereas	SCONJ
ajfa-13719	106	63	it	it	PRON
ajfa-13719	106	64	is	be	AUX
ajfa-13719	106	65	negatively	negatively	ADV
ajfa-13719	106	66	influenced	influence	VERB
ajfa-13719	106	67	by	by	ADP
ajfa-13719	106	68	market	market	NOUN
ajfa-13719	106	69	price	price	NOUN
ajfa-13719	106	70	-	-	PUNCT
ajfa-13719	106	71	to	to	ADP
ajfa-13719	106	72	-	-	PUNCT
ajfa-13719	106	73	book	book	NOUN
ajfa-13719	106	74	ratio	ratio	NOUN
ajfa-13719	106	75	and	and	CCONJ
ajfa-13719	106	76	return	return	NOUN
ajfa-13719	106	77	-	-	PUNCT
ajfa-13719	106	78	on	on	ADP
ajfa-13719	106	79	-	-	PUNCT
ajfa-13719	106	80	asset	asset	NOUN
ajfa-13719	106	81	(	(	PUNCT
ajfa-13719	106	82	roa	roa	PROPN
ajfa-13719	106	83	)	)	PUNCT
ajfa-13719	106	84	.	.	PUNCT
ajfa-13719	107	1	in	in	ADP
ajfa-13719	107	2	vietnam	vietnam	PROPN
ajfa-13719	107	3	,	,	PUNCT
ajfa-13719	107	4	the	the	DET
ajfa-13719	107	5	study	study	NOUN
ajfa-13719	107	6	of	of	ADP
ajfa-13719	107	7	dang	dang	INTJ
ajfa-13719	107	8	thi	thi	PROPN
ajfa-13719	107	9	phuong	phuong	PROPN
ajfa-13719	107	10	(	(	PUNCT
ajfa-13719	107	11	2012	2012	NUM
ajfa-13719	107	12	)	)	PUNCT
ajfa-13719	107	13	with	with	ADP
ajfa-13719	107	14	the	the	DET
ajfa-13719	107	15	theme	theme	NOUN
ajfa-13719	107	16	of	of	ADP
ajfa-13719	107	17	"	"	PUNCT
ajfa-13719	107	18	liquidity	liquidity	NOUN
ajfa-13719	107	19	of	of	ADP
ajfa-13719	107	20	stocks	stock	NOUN
ajfa-13719	107	21	and	and	CCONJ
ajfa-13719	107	22	capital	capital	NOUN
ajfa-13719	107	23	structure	structure	NOUN
ajfa-13719	107	24	of	of	ADP
ajfa-13719	107	25	listed	list	VERB
ajfa-13719	107	26	companies	company	NOUN
ajfa-13719	107	27	on	on	ADP
ajfa-13719	107	28	ho	ho	PROPN
ajfa-13719	107	29	chi	chi	PROPN
ajfa-13719	107	30	minh	minh	PROPN
ajfa-13719	107	31	city	city	PROPN
ajfa-13719	107	32	stock	stock	PROPN
ajfa-13719	107	33	exchange	exchange	PROPN
ajfa-13719	107	34	"	"	PUNCT
ajfa-13719	107	35	with	with	ADP
ajfa-13719	107	36	the	the	DET
ajfa-13719	107	37	data	datum	NOUN
ajfa-13719	107	38	of	of	ADP
ajfa-13719	107	39	60	60	NUM
ajfa-13719	107	40	companies	company	NOUN
ajfa-13719	107	41	listed	list	VERB
ajfa-13719	107	42	on	on	ADP
ajfa-13719	107	43	the	the	DET
ajfa-13719	107	44	ho	ho	PROPN
ajfa-13719	107	45	chi	chi	PROPN
ajfa-13719	107	46	minh	minh	PROPN
ajfa-13719	107	47	stock	stock	NOUN
ajfa-13719	107	48	exchange	exchange	NOUN
ajfa-13719	107	49	between	between	ADP
ajfa-13719	107	50	2006-2011.correlation	2006-2011.correlation	NUM
ajfa-13719	107	51	coefficient	coefficient	NOUN
ajfa-13719	107	52	analysis	analysis	NOUN
ajfa-13719	107	53	and	and	CCONJ
ajfa-13719	107	54	multiple	multiple	ADJ
ajfa-13719	107	55	linear	linear	ADJ
ajfa-13719	107	56	regression	regression	NOUN
ajfa-13719	107	57	models	model	NOUN
ajfa-13719	107	58	were	be	AUX
ajfa-13719	107	59	used	use	VERB
ajfa-13719	107	60	to	to	PART
ajfa-13719	107	61	test	test	VERB
ajfa-13719	107	62	the	the	DET
ajfa-13719	107	63	hypothesis	hypothesis	NOUN
ajfa-13719	107	64	.	.	PUNCT
ajfa-13719	108	1	the	the	DET
ajfa-13719	108	2	results	result	NOUN
ajfa-13719	108	3	of	of	ADP
ajfa-13719	108	4	the	the	DET
ajfa-13719	108	5	study	study	NOUN
ajfa-13719	108	6	also	also	ADV
ajfa-13719	108	7	showed	show	VERB
ajfa-13719	108	8	the	the	DET
ajfa-13719	108	9	opposite	opposite	ADJ
ajfa-13719	108	10	relationship	relationship	NOUN
ajfa-13719	108	11	between	between	ADP
ajfa-13719	108	12	financial	financial	ADJ
ajfa-13719	108	13	leverage	leverage	NOUN
ajfa-13719	108	14	representing	represent	VERB
ajfa-13719	108	15	corporate	corporate	ADJ
ajfa-13719	108	16	capital	capital	NOUN
ajfa-13719	108	17	structure	structure	NOUN
ajfa-13719	108	18	and	and	CCONJ
ajfa-13719	108	19	stock	stock	NOUN
ajfa-13719	108	20	liquidity	liquidity	NOUN
ajfa-13719	108	21	.	.	PUNCT
ajfa-13719	109	1	in	in	ADP
ajfa-13719	109	2	addition	addition	NOUN
ajfa-13719	109	3	,	,	PUNCT
ajfa-13719	109	4	the	the	DET
ajfa-13719	109	5	study	study	NOUN
ajfa-13719	109	6	found	find	VERB
ajfa-13719	109	7	five	five	NUM
ajfa-13719	109	8	factors	factor	NOUN
ajfa-13719	109	9	(	(	PUNCT
ajfa-13719	109	10	among	among	ADP
ajfa-13719	109	11	the	the	DET
ajfa-13719	109	12	six	six	NUM
ajfa-13719	109	13	factors	factor	NOUN
ajfa-13719	109	14	outside	outside	ADP
ajfa-13719	109	15	the	the	DET
ajfa-13719	109	16	liquidity	liquidity	NOUN
ajfa-13719	109	17	factor	factor	NOUN
ajfa-13719	109	18	studied	study	VERB
ajfa-13719	109	19	)	)	PUNCT
ajfa-13719	109	20	that	that	PRON
ajfa-13719	109	21	have	have	VERB
ajfa-13719	109	22	an	an	DET
ajfa-13719	109	23	impact	impact	NOUN
ajfa-13719	109	24	on	on	ADP
ajfa-13719	109	25	capital	capital	NOUN
ajfa-13719	109	26	structure	structure	NOUN
ajfa-13719	109	27	including	include	VERB
ajfa-13719	109	28	growth	growth	NOUN
ajfa-13719	109	29	opportunities	opportunity	NOUN
ajfa-13719	109	30	,	,	PUNCT
ajfa-13719	109	31	firm	firm	ADJ
ajfa-13719	109	32	size	size	NOUN
ajfa-13719	109	33	,	,	PUNCT
ajfa-13719	109	34	depreciation	depreciation	NOUN
ajfa-13719	109	35	rates(having	rates(have	VERB
ajfa-13719	109	36	positive	positive	ADJ
ajfa-13719	109	37	relationship	relationship	NOUN
ajfa-13719	109	38	with	with	ADP
ajfa-13719	109	39	financial	financial	ADJ
ajfa-13719	109	40	leverage	leverage	NOUN
ajfa-13719	109	41	)	)	PUNCT
ajfa-13719	109	42	,	,	PUNCT
ajfa-13719	109	43	the	the	DET
ajfa-13719	109	44	rate	rate	NOUN
ajfa-13719	109	45	of	of	ADP
ajfa-13719	109	46	return	return	NOUN
ajfa-13719	109	47	and	and	CCONJ
ajfa-13719	109	48	stock	stock	NOUN
ajfa-13719	109	49	market	market	NOUN
ajfa-13719	109	50	price	price	NOUN
ajfa-13719	109	51	(	(	PUNCT
ajfa-13719	109	52	having	have	VERB
ajfa-13719	109	53	negative	negative	ADJ
ajfa-13719	109	54	relationship	relationship	NOUN
ajfa-13719	109	55	with	with	ADP
ajfa-13719	109	56	financial	financial	ADJ
ajfa-13719	109	57	leverage	leverage	NOUN
ajfa-13719	109	58	)	)	PUNCT
ajfa-13719	109	59	.	.	PUNCT
ajfa-13719	110	1	the	the	DET
ajfa-13719	110	2	group	group	NOUN
ajfa-13719	110	3	of	of	ADP
ajfa-13719	110	4	authors	author	NOUN
ajfa-13719	110	5	vo	vo	PROPN
ajfa-13719	110	6	xuan	xuan	PROPN
ajfa-13719	110	7	vinh	vinh	PROPN
ajfa-13719	110	8	,	,	PUNCT
ajfa-13719	110	9	tran	tran	PROPN
ajfa-13719	110	10	thi	thi	VERB
ajfa-13719	110	11	yen	yen	NOUN
ajfa-13719	110	12	duyen	duyen	NOUN
ajfa-13719	110	13	(	(	PUNCT
ajfa-13719	110	14	2015	2015	NUM
ajfa-13719	110	15	)	)	PUNCT
ajfa-13719	110	16	also	also	ADV
ajfa-13719	110	17	studied	study	VERB
ajfa-13719	110	18	the	the	DET
ajfa-13719	110	19	above	above	ADJ
ajfa-13719	110	20	topic	topic	NOUN
ajfa-13719	110	21	but	but	CCONJ
ajfa-13719	110	22	with	with	ADP
ajfa-13719	110	23	a	a	DET
ajfa-13719	110	24	broader	broad	ADJ
ajfa-13719	110	25	scope	scope	NOUN
ajfa-13719	110	26	when	when	SCONJ
ajfa-13719	110	27	conducting	conduct	VERB
ajfa-13719	110	28	research	research	NOUN
ajfa-13719	110	29	on	on	ADP
ajfa-13719	110	30	the	the	DET
ajfa-13719	110	31	stock	stock	NOUN
ajfa-13719	110	32	market	market	NOUN
ajfa-13719	110	33	of	of	ADP
ajfa-13719	110	34	vietnam	vietnam	PROPN
ajfa-13719	110	35	from	from	ADP
ajfa-13719	110	36	2006	2006	NUM
ajfa-13719	110	37	to	to	ADP
ajfa-13719	110	38	2012	2012	NUM
ajfa-13719	110	39	.	.	PUNCT
ajfa-13719	111	1	with	with	ADP
ajfa-13719	111	2	the	the	DET
ajfa-13719	111	3	pooled	pool	VERB
ajfa-13719	111	4	ols	ol	NOUN
ajfa-13719	111	5	regression	regression	NOUN
ajfa-13719	111	6	analysis	analysis	NOUN
ajfa-13719	111	7	,	,	PUNCT
ajfa-13719	111	8	the	the	DET
ajfa-13719	111	9	results	result	NOUN
ajfa-13719	111	10	showed	show	VERB
ajfa-13719	111	11	that	that	SCONJ
ajfa-13719	111	12	the	the	DET
ajfa-13719	111	13	liquidity	liquidity	NOUN
ajfa-13719	111	14	of	of	ADP
ajfa-13719	111	15	the	the	DET
ajfa-13719	111	16	stock	stock	NOUN
ajfa-13719	111	17	is	be	AUX
ajfa-13719	111	18	positively	positively	ADV
ajfa-13719	111	19	related	relate	VERB
ajfa-13719	111	20	to	to	ADP
ajfa-13719	111	21	the	the	DET
ajfa-13719	111	22	company	company	NOUN
ajfa-13719	111	23	's	's	PART
ajfa-13719	111	24	capital	capital	NOUN
ajfa-13719	111	25	structure	structure	NOUN
ajfa-13719	111	26	.	.	PUNCT
ajfa-13719	112	1	4	4	X
ajfa-13719	112	2	.	.	X
ajfa-13719	112	3	modeling	modeling	NOUN
ajfa-13719	112	4	and	and	CCONJ
ajfa-13719	112	5	research	research	NOUN
ajfa-13719	112	6	methodology	methodology	NOUN
ajfa-13719	112	7	4.1	4.1	NUM
ajfa-13719	112	8	research	research	NOUN
ajfa-13719	112	9	hypothesis	hypothesis	NOUN
ajfa-13719	112	10	capital	capital	NOUN
ajfa-13719	112	11	structure	structure	NOUN
ajfa-13719	112	12	:	:	PUNCT
ajfa-13719	112	13	capital	capital	NOUN
ajfa-13719	112	14	structure	structure	NOUN
ajfa-13719	112	15	(	(	PUNCT
ajfa-13719	112	16	financial	financial	ADJ
ajfa-13719	112	17	leverage	leverage	NOUN
ajfa-13719	112	18	)	)	PUNCT
ajfa-13719	112	19	is	be	AUX
ajfa-13719	112	20	an	an	DET
ajfa-13719	112	21	important	important	ADJ
ajfa-13719	112	22	factor	factor	NOUN
ajfa-13719	112	23	affecting	affect	VERB
ajfa-13719	112	24	the	the	DET
ajfa-13719	112	25	liquidity	liquidity	NOUN
ajfa-13719	112	26	of	of	ADP
ajfa-13719	112	27	stocks	stock	NOUN
ajfa-13719	112	28	.	.	PUNCT
ajfa-13719	113	1	theoretical	theoretical	ADJ
ajfa-13719	113	2	and	and	CCONJ
ajfa-13719	113	3	empirical	empirical	ADJ
ajfa-13719	113	4	studies	study	NOUN
ajfa-13719	113	5	by	by	ADP
ajfa-13719	113	6	udomsirikul	udomsirikul	PROPN
ajfa-13719	113	7	et	et	PROPN
ajfa-13719	113	8	al	al	PROPN
ajfa-13719	113	9	.	.	PUNCT
ajfa-13719	114	1	(	(	PUNCT
ajfa-13719	114	2	2011	2011	NUM
ajfa-13719	114	3	)	)	PUNCT
ajfa-13719	114	4	,	,	PUNCT
ajfa-13719	114	5	lesmond	lesmond	NOUN
ajfa-13719	114	6	et	et	PROPN
ajfa-13719	114	7	al	al	PROPN
ajfa-13719	114	8	.	.	PUNCT
ajfa-13719	115	1	(	(	PUNCT
ajfa-13719	115	2	2008	2008	NUM
ajfa-13719	115	3	)	)	PUNCT
ajfa-13719	115	4	,	,	PUNCT
ajfa-13719	115	5	rasanorvaišienė	rasanorvaišienė	NOUN
ajfa-13719	115	6	and	and	CCONJ
ajfa-13719	115	7	jurgitastankevičienė	jurgitastankevičienė	PROPN
ajfa-13719	115	8	(	(	PUNCT
ajfa-13719	115	9	2014	2014	NUM
ajfa-13719	115	10	)	)	PUNCT
ajfa-13719	115	11	,	,	PUNCT
ajfa-13719	115	12	dang	dang	INTJ
ajfa-13719	115	13	thi	thi	PROPN
ajfa-13719	115	14	phuong	phuong	PROPN
ajfa-13719	115	15	(	(	PUNCT
ajfa-13719	115	16	2012	2012	NUM
ajfa-13719	115	17	)	)	PUNCT
ajfa-13719	115	18	,	,	PUNCT
ajfa-13719	115	19	vo	vo	PROPN
ajfa-13719	115	20	xuan	xuan	PROPN
ajfa-13719	115	21	vinh	vinh	PROPN
ajfa-13719	115	22	,	,	PUNCT
ajfa-13719	115	23	tran	tran	PROPN
ajfa-13719	115	24	thi	thi	VERB
ajfa-13719	115	25	yen	yen	NOUN
ajfa-13719	115	26	duyen	duyen	NOUN
ajfa-13719	115	27	(	(	PUNCT
ajfa-13719	115	28	2015)showed	2015)showe	VERB
ajfa-13719	115	29	that	that	SCONJ
ajfa-13719	115	30	the	the	DET
ajfa-13719	115	31	capital	capital	NOUN
ajfa-13719	115	32	structure	structure	NOUN
ajfa-13719	115	33	is	be	AUX
ajfa-13719	115	34	inversely	inversely	ADV
ajfa-13719	115	35	related	relate	VERB
ajfa-13719	115	36	to	to	ADP
ajfa-13719	115	37	stock	stock	NOUN
ajfa-13719	115	38	liquidity	liquidity	NOUN
ajfa-13719	115	39	.	.	PUNCT
ajfa-13719	116	1	however	however	ADV
ajfa-13719	116	2	,	,	PUNCT
ajfa-13719	116	3	according	accord	VERB
ajfa-13719	116	4	to	to	ADP
ajfa-13719	116	5	the	the	DET
ajfa-13719	116	6	study	study	NOUN
ajfa-13719	116	7	by	by	ADP
ajfa-13719	116	8	frieder	frieder	NOUN
ajfa-13719	116	9	and	and	CCONJ
ajfa-13719	116	10	martell	martell	PROPN
ajfa-13719	116	11	(	(	PUNCT
ajfa-13719	116	12	2006	2006	NUM
ajfa-13719	116	13	)	)	PUNCT
ajfa-13719	116	14	,	,	PUNCT
ajfa-13719	116	15	wasfi	wasfi	NOUN
ajfa-13719	116	16	a.	a.	PROPN
ajfa-13719	116	17	asian	asian	PROPN
ajfa-13719	116	18	journal	journal	PROPN
ajfa-13719	116	19	of	of	ADP
ajfa-13719	116	20	finance	finance	PROPN
ajfa-13719	116	21	&	&	CCONJ
ajfa-13719	116	22	accounting	accounting	PROPN
ajfa-13719	116	23	issn	issn	PROPN
ajfa-13719	116	24	1946	1946	NUM
ajfa-13719	116	25	-	-	PUNCT
ajfa-13719	116	26	052x	052x	NOUN
ajfa-13719	116	27	2018	2018	NUM
ajfa-13719	116	28	,	,	PUNCT
ajfa-13719	116	29	vol	vol	NOUN
ajfa-13719	116	30	.	.	PROPN
ajfa-13719	116	31	10	10	NUM
ajfa-13719	116	32	,	,	PUNCT
ajfa-13719	116	33	no	no	INTJ
ajfa-13719	116	34	.	.	NOUN
ajfa-13719	116	35	2	2	NUM
ajfa-13719	116	36	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	116	37	158	158	NUM
ajfa-13719	116	38	al	al	PROPN
ajfa-13719	116	39	salamat	salamat	PROPN
ajfa-13719	116	40	(	(	PUNCT
ajfa-13719	116	41	2016	2016	NUM
ajfa-13719	116	42	)	)	PUNCT
ajfa-13719	116	43	,	,	PUNCT
ajfa-13719	116	44	there	there	PRON
ajfa-13719	116	45	is	be	VERB
ajfa-13719	116	46	positive	positive	ADJ
ajfa-13719	116	47	relationship	relationship	NOUN
ajfa-13719	116	48	between	between	ADP
ajfa-13719	116	49	capital	capital	NOUN
ajfa-13719	116	50	structure	structure	NOUN
ajfa-13719	116	51	and	and	CCONJ
ajfa-13719	116	52	stock	stock	NOUN
ajfa-13719	116	53	liquidity	liquidity	NOUN
ajfa-13719	116	54	.	.	PUNCT
ajfa-13719	117	1	the	the	DET
ajfa-13719	117	2	proposed	propose	VERB
ajfa-13719	117	3	research	research	NOUN
ajfa-13719	117	4	hypothesis	hypothesis	NOUN
ajfa-13719	117	5	is	be	AUX
ajfa-13719	117	6	as	as	SCONJ
ajfa-13719	117	7	follows	follow	VERB
ajfa-13719	117	8	:	:	PUNCT
ajfa-13719	117	9	h1	h1	NOUN
ajfa-13719	117	10	:	:	PUNCT
ajfa-13719	117	11	financial	financial	ADJ
ajfa-13719	117	12	leverage	leverage	NOUN
ajfa-13719	117	13	is	be	AUX
ajfa-13719	117	14	inversely	inversely	ADV
ajfa-13719	117	15	related	related	ADJ
ajfa-13719	117	16	and	and	CCONJ
ajfa-13719	117	17	statistically	statistically	ADV
ajfa-13719	117	18	significant	significant	ADJ
ajfa-13719	117	19	to	to	ADP
ajfa-13719	117	20	stock	stock	NOUN
ajfa-13719	117	21	liquidity	liquidity	NOUN
ajfa-13719	117	22	.	.	PUNCT
ajfa-13719	118	1	business	business	NOUN
ajfa-13719	118	2	scale	scale	NOUN
ajfa-13719	118	3	:	:	PUNCT
ajfa-13719	118	4	for	for	ADP
ajfa-13719	118	5	investors	investor	NOUN
ajfa-13719	118	6	,	,	PUNCT
ajfa-13719	118	7	they	they	PRON
ajfa-13719	118	8	are	be	AUX
ajfa-13719	118	9	more	more	ADV
ajfa-13719	118	10	likely	likely	ADJ
ajfa-13719	118	11	to	to	PART
ajfa-13719	118	12	be	be	AUX
ajfa-13719	118	13	interested	interested	ADJ
ajfa-13719	118	14	in	in	ADP
ajfa-13719	118	15	large	large	ADJ
ajfa-13719	118	16	-	-	PUNCT
ajfa-13719	118	17	scale	scale	NOUN
ajfa-13719	118	18	businesses	business	NOUN
ajfa-13719	118	19	,	,	PUNCT
ajfa-13719	118	20	where	where	SCONJ
ajfa-13719	118	21	information	information	NOUN
ajfa-13719	118	22	is	be	AUX
ajfa-13719	118	23	more	more	ADV
ajfa-13719	118	24	transparent	transparent	ADJ
ajfa-13719	118	25	,	,	PUNCT
ajfa-13719	118	26	clear	clear	ADJ
ajfa-13719	118	27	to	to	ADP
ajfa-13719	118	28	the	the	DET
ajfa-13719	118	29	public	public	NOUN
ajfa-13719	118	30	so	so	SCONJ
ajfa-13719	118	31	that	that	SCONJ
ajfa-13719	118	32	they	they	PRON
ajfa-13719	118	33	can	can	AUX
ajfa-13719	118	34	capture	capture	VERB
ajfa-13719	118	35	accurate	accurate	ADJ
ajfa-13719	118	36	information	information	NOUN
ajfa-13719	118	37	and	and	CCONJ
ajfa-13719	118	38	have	have	VERB
ajfa-13719	118	39	rapid	rapid	ADJ
ajfa-13719	118	40	access	access	NOUN
ajfa-13719	118	41	to	to	ADP
ajfa-13719	118	42	information	information	NOUN
ajfa-13719	118	43	streams	stream	NOUN
ajfa-13719	118	44	to	to	PART
ajfa-13719	118	45	make	make	VERB
ajfa-13719	118	46	appropriate	appropriate	ADJ
ajfa-13719	118	47	investment	investment	NOUN
ajfa-13719	118	48	decisions	decision	NOUN
ajfa-13719	118	49	.	.	PUNCT
ajfa-13719	119	1	as	as	ADP
ajfa-13719	119	2	the	the	DET
ajfa-13719	119	3	result	result	NOUN
ajfa-13719	119	4	,	,	PUNCT
ajfa-13719	119	5	more	more	ADJ
ajfa-13719	119	6	trading	trading	NOUN
ajfa-13719	119	7	activities	activity	NOUN
ajfa-13719	119	8	will	will	AUX
ajfa-13719	119	9	occur	occur	VERB
ajfa-13719	119	10	to	to	PART
ajfa-13719	119	11	help	help	VERB
ajfa-13719	119	12	create	create	VERB
ajfa-13719	119	13	more	more	ADJ
ajfa-13719	119	14	market	market	NOUN
ajfa-13719	119	15	liquidity	liquidity	NOUN
ajfa-13719	119	16	.	.	PUNCT
ajfa-13719	120	1	in	in	ADP
ajfa-13719	120	2	addition	addition	NOUN
ajfa-13719	120	3	,	,	PUNCT
ajfa-13719	120	4	shares	share	NOUN
ajfa-13719	120	5	of	of	ADP
ajfa-13719	120	6	large	large	ADJ
ajfa-13719	120	7	-	-	PUNCT
ajfa-13719	120	8	scale	scale	NOUN
ajfa-13719	120	9	enterprises	enterprise	NOUN
ajfa-13719	120	10	can	can	AUX
ajfa-13719	120	11	be	be	AUX
ajfa-13719	120	12	traded	trade	VERB
ajfa-13719	120	13	easier	easy	ADJ
ajfa-13719	120	14	,	,	PUNCT
ajfa-13719	120	15	faster	fast	ADV
ajfa-13719	120	16	and	and	CCONJ
ajfa-13719	120	17	without	without	ADP
ajfa-13719	120	18	significant	significant	ADJ
ajfa-13719	120	19	devaluation	devaluation	NOUN
ajfa-13719	120	20	compared	compare	VERB
ajfa-13719	120	21	to	to	ADP
ajfa-13719	120	22	stocks	stock	NOUN
ajfa-13719	120	23	of	of	ADP
ajfa-13719	120	24	small	small	ADJ
ajfa-13719	120	25	and	and	CCONJ
ajfa-13719	120	26	medium	medium	ADJ
ajfa-13719	120	27	enterprises	enterprise	NOUN
ajfa-13719	120	28	.	.	PUNCT
ajfa-13719	121	1	the	the	DET
ajfa-13719	121	2	results	result	NOUN
ajfa-13719	121	3	of	of	ADP
ajfa-13719	121	4	these	these	DET
ajfa-13719	121	5	studies	study	NOUN
ajfa-13719	121	6	are	be	AUX
ajfa-13719	121	7	consistent	consistent	ADJ
ajfa-13719	121	8	with	with	ADP
ajfa-13719	121	9	the	the	DET
ajfa-13719	121	10	above	above	ADV
ajfa-13719	121	11	-	-	PUNCT
ajfa-13719	121	12	mentioned	mention	VERB
ajfa-13719	121	13	theoretical	theoretical	ADJ
ajfa-13719	121	14	basis	basis	NOUN
ajfa-13719	121	15	,	,	PUNCT
ajfa-13719	121	16	showing	show	VERB
ajfa-13719	121	17	that	that	SCONJ
ajfa-13719	121	18	the	the	DET
ajfa-13719	121	19	size	size	NOUN
ajfa-13719	121	20	of	of	ADP
ajfa-13719	121	21	the	the	DET
ajfa-13719	121	22	business	business	NOUN
ajfa-13719	121	23	is	be	AUX
ajfa-13719	121	24	closely	closely	ADV
ajfa-13719	121	25	related	relate	VERB
ajfa-13719	121	26	to	to	ADP
ajfa-13719	121	27	stock	stock	NOUN
ajfa-13719	121	28	liquidity	liquidity	NOUN
ajfa-13719	121	29	(	(	PUNCT
ajfa-13719	121	30	rasanorvaišienė	rasanorvaišienė	NOUN
ajfa-13719	121	31	and	and	CCONJ
ajfa-13719	121	32	jurgitastankevičienė	jurgitastankevičienė	PROPN
ajfa-13719	121	33	,	,	PUNCT
ajfa-13719	121	34	2014	2014	NUM
ajfa-13719	121	35	;	;	PUNCT
ajfa-13719	121	36	wasfi	wasfi	NOUN
ajfa-13719	121	37	a.	a.	PROPN
ajfa-13719	121	38	al	al	PROPN
ajfa-13719	121	39	salamat	salamat	PROPN
ajfa-13719	121	40	,	,	PUNCT
ajfa-13719	121	41	2016	2016	NUM
ajfa-13719	121	42	;	;	PUNCT
ajfa-13719	121	43	sedeaq	sedeaq	PROPN
ajfa-13719	121	44	nassar	nassar	PROPN
ajfa-13719	121	45	,	,	PUNCT
ajfa-13719	121	46	2016	2016	NUM
ajfa-13719	121	47	)	)	PUNCT
ajfa-13719	121	48	.	.	PUNCT
ajfa-13719	122	1	based	base	VERB
ajfa-13719	122	2	on	on	ADP
ajfa-13719	122	3	these	these	DET
ajfa-13719	122	4	studies	study	NOUN
ajfa-13719	122	5	,	,	PUNCT
ajfa-13719	122	6	we	we	PRON
ajfa-13719	122	7	have	have	VERB
ajfa-13719	122	8	the	the	DET
ajfa-13719	122	9	following	follow	VERB
ajfa-13719	122	10	hypothesize	hypothesize	NOUN
ajfa-13719	122	11	:	:	PUNCT
ajfa-13719	122	12	h2	h2	NOUN
ajfa-13719	122	13	:	:	PUNCT
ajfa-13719	122	14	the	the	DET
ajfa-13719	122	15	size	size	NOUN
ajfa-13719	122	16	of	of	ADP
ajfa-13719	122	17	the	the	DET
ajfa-13719	122	18	business	business	NOUN
ajfa-13719	122	19	has	have	VERB
ajfa-13719	122	20	positive	positive	ADJ
ajfa-13719	122	21	and	and	CCONJ
ajfa-13719	122	22	significant	significant	ADJ
ajfa-13719	122	23	impact	impact	NOUN
ajfa-13719	122	24	on	on	ADP
ajfa-13719	122	25	stock	stock	NOUN
ajfa-13719	122	26	liquidity	liquidity	NOUN
ajfa-13719	122	27	corporate	corporate	ADJ
ajfa-13719	122	28	profitability	profitability	NOUN
ajfa-13719	122	29	:	:	PUNCT
ajfa-13719	122	30	examining	examine	VERB
ajfa-13719	122	31	the	the	DET
ajfa-13719	122	32	effect	effect	NOUN
ajfa-13719	122	33	of	of	ADP
ajfa-13719	122	34	profitability	profitability	NOUN
ajfa-13719	122	35	on	on	ADP
ajfa-13719	122	36	liquidity	liquidity	NOUN
ajfa-13719	122	37	of	of	ADP
ajfa-13719	122	38	stock	stock	NOUN
ajfa-13719	122	39	,	,	PUNCT
ajfa-13719	122	40	studies	study	NOUN
ajfa-13719	122	41	by	by	ADP
ajfa-13719	122	42	hansen	hansen	PROPN
ajfa-13719	122	43	,	,	PUNCT
ajfa-13719	122	44	s.	s.	PROPN
ajfa-13719	122	45	,	,	PUNCT
ajfa-13719	122	46	&	&	CCONJ
ajfa-13719	122	47	sungsuk	sungsuk	PROPN
ajfa-13719	122	48	,	,	PUNCT
ajfa-13719	122	49	k.	k.	PROPN
ajfa-13719	122	50	(	(	PUNCT
ajfa-13719	122	51	2013	2013	NUM
ajfa-13719	122	52	)	)	PUNCT
ajfa-13719	122	53	,	,	PUNCT
ajfa-13719	122	54	rasa	rasa	PROPN
ajfa-13719	122	55	norvaišienė	norvaišienė	PROPN
ajfa-13719	122	56	and	and	CCONJ
ajfa-13719	122	57	jurgita	jurgita	PROPN
ajfa-13719	122	58	stankevičienė	stankevičienė	PROPN
ajfa-13719	122	59	(	(	PUNCT
ajfa-13719	122	60	2014	2014	NUM
ajfa-13719	122	61	)	)	PUNCT
ajfa-13719	122	62	,	,	PUNCT
ajfa-13719	122	63	sedeaq	sedeaq	PROPN
ajfa-13719	122	64	nassar	nassar	PROPN
ajfa-13719	122	65	(	(	PUNCT
ajfa-13719	122	66	2016	2016	NUM
ajfa-13719	122	67	)	)	PUNCT
ajfa-13719	122	68	showed	show	VERB
ajfa-13719	122	69	a	a	DET
ajfa-13719	122	70	positive	positive	ADJ
ajfa-13719	122	71	relationship	relationship	NOUN
ajfa-13719	122	72	between	between	ADP
ajfa-13719	122	73	stock	stock	NOUN
ajfa-13719	122	74	liquidity	liquidity	NOUN
ajfa-13719	122	75	and	and	CCONJ
ajfa-13719	122	76	corporate	corporate	ADJ
ajfa-13719	122	77	value	value	NOUN
ajfa-13719	122	78	.	.	PUNCT
ajfa-13719	123	1	this	this	PRON
ajfa-13719	123	2	can	can	AUX
ajfa-13719	123	3	be	be	AUX
ajfa-13719	123	4	explained	explain	VERB
ajfa-13719	123	5	by	by	ADP
ajfa-13719	123	6	the	the	DET
ajfa-13719	123	7	fact	fact	NOUN
ajfa-13719	123	8	that	that	SCONJ
ajfa-13719	123	9	if	if	SCONJ
ajfa-13719	123	10	a	a	DET
ajfa-13719	123	11	business	business	NOUN
ajfa-13719	123	12	has	have	VERB
ajfa-13719	123	13	good	good	ADJ
ajfa-13719	123	14	business	business	NOUN
ajfa-13719	123	15	results	result	NOUN
ajfa-13719	123	16	and	and	CCONJ
ajfa-13719	123	17	high	high	ADJ
ajfa-13719	123	18	profitability	profitability	NOUN
ajfa-13719	123	19	,	,	PUNCT
ajfa-13719	123	20	then	then	ADV
ajfa-13719	123	21	stocks	stock	NOUN
ajfa-13719	123	22	with	with	ADP
ajfa-13719	123	23	high	high	ADJ
ajfa-13719	123	24	returns	return	NOUN
ajfa-13719	123	25	will	will	AUX
ajfa-13719	123	26	attract	attract	VERB
ajfa-13719	123	27	investors	investor	NOUN
ajfa-13719	123	28	to	to	PART
ajfa-13719	123	29	exploit	exploit	VERB
ajfa-13719	123	30	profit	profit	NOUN
ajfa-13719	123	31	opportunities	opportunity	NOUN
ajfa-13719	123	32	and	and	CCONJ
ajfa-13719	123	33	thus	thus	ADV
ajfa-13719	123	34	increase	increase	VERB
ajfa-13719	123	35	the	the	DET
ajfa-13719	123	36	liquidity	liquidity	NOUN
ajfa-13719	123	37	of	of	ADP
ajfa-13719	123	38	the	the	DET
ajfa-13719	123	39	stock	stock	NOUN
ajfa-13719	123	40	.	.	PUNCT
ajfa-13719	124	1	the	the	DET
ajfa-13719	124	2	proposed	propose	VERB
ajfa-13719	124	3	research	research	NOUN
ajfa-13719	124	4	hypothesis	hypothesis	NOUN
ajfa-13719	124	5	is	be	AUX
ajfa-13719	124	6	as	as	SCONJ
ajfa-13719	124	7	follows	follow	VERB
ajfa-13719	124	8	:	:	PUNCT
ajfa-13719	124	9	h3	h3	VERB
ajfa-13719	124	10	:	:	PUNCT
ajfa-13719	124	11	the	the	DET
ajfa-13719	124	12	profitability	profitability	NOUN
ajfa-13719	124	13	of	of	ADP
ajfa-13719	124	14	the	the	DET
ajfa-13719	124	15	business	business	NOUN
ajfa-13719	124	16	has	have	VERB
ajfa-13719	124	17	positive	positive	ADJ
ajfa-13719	124	18	and	and	CCONJ
ajfa-13719	124	19	significant	significant	ADJ
ajfa-13719	124	20	impact	impact	NOUN
ajfa-13719	124	21	on	on	ADP
ajfa-13719	124	22	stock	stock	NOUN
ajfa-13719	124	23	liquidity	liquidity	NOUN
ajfa-13719	124	24	corporate	corporate	ADJ
ajfa-13719	124	25	value	value	NOUN
ajfa-13719	124	26	:	:	PUNCT
ajfa-13719	124	27	a	a	DET
ajfa-13719	124	28	good	good	ADJ
ajfa-13719	124	29	business	business	NOUN
ajfa-13719	124	30	or	or	CCONJ
ajfa-13719	124	31	high	high	ADJ
ajfa-13719	124	32	corporate	corporate	ADJ
ajfa-13719	124	33	value	value	NOUN
ajfa-13719	124	34	is	be	AUX
ajfa-13719	124	35	usually	usually	ADV
ajfa-13719	124	36	traded	trade	VERB
ajfa-13719	124	37	at	at	ADP
ajfa-13719	124	38	a	a	DET
ajfa-13719	124	39	better	well	ADJ
ajfa-13719	124	40	price	price	NOUN
ajfa-13719	124	41	(	(	PUNCT
ajfa-13719	124	42	allayannis	allayannis	PROPN
ajfa-13719	124	43	&	&	CCONJ
ajfa-13719	124	44	weston	weston	PROPN
ajfa-13719	124	45	,	,	PUNCT
ajfa-13719	124	46	2001	2001	NUM
ajfa-13719	124	47	)	)	PUNCT
ajfa-13719	124	48	.	.	PUNCT
ajfa-13719	125	1	moreover	moreover	ADV
ajfa-13719	125	2	,	,	PUNCT
ajfa-13719	125	3	the	the	DET
ajfa-13719	125	4	high	high	ADJ
ajfa-13719	125	5	value	value	NOUN
ajfa-13719	125	6	enterprise	enterprise	NOUN
ajfa-13719	125	7	will	will	AUX
ajfa-13719	125	8	attract	attract	VERB
ajfa-13719	125	9	investment	investment	NOUN
ajfa-13719	125	10	.	.	PUNCT
ajfa-13719	126	1	the	the	DET
ajfa-13719	126	2	study	study	NOUN
ajfa-13719	126	3	by	by	ADP
ajfa-13719	126	4	trang	trang	PROPN
ajfa-13719	126	5	nguyen	nguyen	PROPN
ajfa-13719	126	6	,	,	PUNCT
ajfa-13719	126	7	duong	duong	PROPN
ajfa-13719	126	8	huu	huu	PROPN
ajfa-13719	126	9	nhan	nhan	PROPN
ajfa-13719	126	10	,	,	PUNCT
ajfa-13719	126	11	harminder	harminder	PROPN
ajfa-13719	126	12	singh	singh	PROPN
ajfa-13719	126	13	(	(	PUNCT
ajfa-13719	126	14	2016	2016	NUM
ajfa-13719	126	15	)	)	PUNCT
ajfa-13719	126	16	also	also	ADV
ajfa-13719	126	17	makes	make	VERB
ajfa-13719	126	18	the	the	DET
ajfa-13719	126	19	same	same	ADJ
ajfa-13719	126	20	conclusion	conclusion	NOUN
ajfa-13719	126	21	.	.	PUNCT
ajfa-13719	127	1	therefore	therefore	ADV
ajfa-13719	127	2	,	,	PUNCT
ajfa-13719	127	3	corporate	corporate	ADJ
ajfa-13719	127	4	value	value	NOUN
ajfa-13719	127	5	is	be	AUX
ajfa-13719	127	6	also	also	ADV
ajfa-13719	127	7	considered	consider	VERB
ajfa-13719	127	8	as	as	ADP
ajfa-13719	127	9	an	an	DET
ajfa-13719	127	10	important	important	ADJ
ajfa-13719	127	11	factor	factor	NOUN
ajfa-13719	127	12	influencing	influence	VERB
ajfa-13719	127	13	the	the	DET
ajfa-13719	127	14	liquidity	liquidity	NOUN
ajfa-13719	127	15	of	of	ADP
ajfa-13719	127	16	stocks	stock	NOUN
ajfa-13719	127	17	.	.	PUNCT
ajfa-13719	128	1	the	the	DET
ajfa-13719	128	2	proposed	propose	VERB
ajfa-13719	128	3	research	research	NOUN
ajfa-13719	128	4	hypothesis	hypothesis	NOUN
ajfa-13719	128	5	is	be	AUX
ajfa-13719	128	6	as	as	SCONJ
ajfa-13719	128	7	follows	follow	VERB
ajfa-13719	128	8	:	:	PUNCT
ajfa-13719	128	9	h4	h4	NOUN
ajfa-13719	128	10	:	:	PUNCT
ajfa-13719	128	11	the	the	DET
ajfa-13719	128	12	corporate	corporate	ADJ
ajfa-13719	128	13	value	value	NOUN
ajfa-13719	128	14	has	have	VERB
ajfa-13719	128	15	positive	positive	ADJ
ajfa-13719	128	16	and	and	CCONJ
ajfa-13719	128	17	significant	significant	ADJ
ajfa-13719	128	18	impact	impact	NOUN
ajfa-13719	128	19	on	on	ADP
ajfa-13719	128	20	stock	stock	NOUN
ajfa-13719	128	21	liquidity	liquidity	NOUN
ajfa-13719	128	22	4.2	4.2	NUM
ajfa-13719	128	23	model	model	NOUN
ajfa-13719	128	24	and	and	CCONJ
ajfa-13719	128	25	research	research	NOUN
ajfa-13719	128	26	data	datum	NOUN
ajfa-13719	128	27	based	base	VERB
ajfa-13719	128	28	on	on	ADP
ajfa-13719	128	29	a	a	DET
ajfa-13719	128	30	review	review	NOUN
ajfa-13719	128	31	of	of	ADP
ajfa-13719	128	32	the	the	DET
ajfa-13719	128	33	impact	impact	NOUN
ajfa-13719	128	34	of	of	ADP
ajfa-13719	128	35	capital	capital	NOUN
ajfa-13719	128	36	structure	structure	NOUN
ajfa-13719	128	37	on	on	ADP
ajfa-13719	128	38	stock	stock	NOUN
ajfa-13719	128	39	liquidity	liquidity	NOUN
ajfa-13719	128	40	and	and	CCONJ
ajfa-13719	128	41	research	research	NOUN
ajfa-13719	128	42	hypotheses	hypothesis	NOUN
ajfa-13719	128	43	,	,	PUNCT
ajfa-13719	128	44	the	the	DET
ajfa-13719	128	45	regression	regression	NOUN
ajfa-13719	128	46	model	model	NOUN
ajfa-13719	128	47	proposed	propose	VERB
ajfa-13719	128	48	in	in	ADP
ajfa-13719	128	49	the	the	DET
ajfa-13719	128	50	study	study	NOUN
ajfa-13719	128	51	to	to	PART
ajfa-13719	128	52	test	test	VERB
ajfa-13719	128	53	the	the	DET
ajfa-13719	128	54	hypotheses	hypothesis	NOUN
ajfa-13719	128	55	is	be	AUX
ajfa-13719	128	56	as	as	SCONJ
ajfa-13719	128	57	follows	follow	VERB
ajfa-13719	128	58	:	:	PUNCT
ajfa-13719	128	59	model	model	NOUN
ajfa-13719	128	60	1	1	NUM
ajfa-13719	128	61	:	:	PUNCT
ajfa-13719	128	62	toit	toit	NOUN
ajfa-13719	128	63	=	=	SYM
ajfa-13719	128	64	β0	β0	PROPN
ajfa-13719	129	1	+	+	CCONJ
ajfa-13719	130	1	β1doait	β1doait	PROPN
ajfa-13719	130	2	+	+	CCONJ
ajfa-13719	130	3	β2sizeit	β2sizeit	NOUN
ajfa-13719	130	4	+	+	CCONJ
ajfa-13719	130	5	β3ros	β3ros	NUM
ajfa-13719	131	1	it	it	PRON
ajfa-13719	132	1	+	+	CCONJ
ajfa-13719	132	2	β4tobin’q	β4tobin’q	VERB
ajfa-13719	132	3	it	it	PRON
ajfa-13719	132	4	+	+	CCONJ
ajfa-13719	132	5	εit	εit	VERB
ajfa-13719	132	6	(	(	PUNCT
ajfa-13719	132	7	3	3	NUM
ajfa-13719	132	8	)	)	PUNCT
ajfa-13719	132	9	model	model	NOUN
ajfa-13719	132	10	2	2	NUM
ajfa-13719	132	11	:	:	PUNCT
ajfa-13719	132	12	zerosit	zerosit	PROPN
ajfa-13719	132	13	=	=	SYM
ajfa-13719	133	1	β0	β0	PROPN
ajfa-13719	133	2	+	+	CCONJ
ajfa-13719	133	3	β1doait	β1doait	PROPN
ajfa-13719	133	4	+	+	CCONJ
ajfa-13719	133	5	β2sizeit	β2sizeit	NOUN
ajfa-13719	133	6	+	+	CCONJ
ajfa-13719	133	7	β3ros	β3ros	NUM
ajfa-13719	134	1	it	it	PRON
ajfa-13719	135	1	+	+	CCONJ
ajfa-13719	135	2	β4tobin’q	β4tobin’q	VERB
ajfa-13719	135	3	it	it	PRON
ajfa-13719	135	4	+	+	CCONJ
ajfa-13719	135	5	εit	εit	VERB
ajfa-13719	135	6	(	(	PUNCT
ajfa-13719	135	7	4	4	NUM
ajfa-13719	135	8	)	)	PUNCT
ajfa-13719	135	9	calculation	calculation	NOUN
ajfa-13719	135	10	and	and	CCONJ
ajfa-13719	135	11	expecting	expect	VERB
ajfa-13719	135	12	signs	sign	NOUN
ajfa-13719	135	13	of	of	ADP
ajfa-13719	135	14	variables	variable	NOUN
ajfa-13719	135	15	are	be	AUX
ajfa-13719	135	16	presented	present	VERB
ajfa-13719	135	17	in	in	ADP
ajfa-13719	135	18	table	table	NOUN
ajfa-13719	135	19	1	1	NUM
ajfa-13719	135	20	.	.	PUNCT
ajfa-13719	135	21	asian	asian	ADJ
ajfa-13719	135	22	journal	journal	PROPN
ajfa-13719	135	23	of	of	ADP
ajfa-13719	135	24	finance	finance	PROPN
ajfa-13719	135	25	&	&	CCONJ
ajfa-13719	135	26	accounting	accounting	PROPN
ajfa-13719	135	27	issn	issn	PROPN
ajfa-13719	135	28	1946	1946	NUM
ajfa-13719	135	29	-	-	PUNCT
ajfa-13719	135	30	052x	052x	NOUN
ajfa-13719	135	31	2018	2018	NUM
ajfa-13719	135	32	,	,	PUNCT
ajfa-13719	135	33	vol	vol	NOUN
ajfa-13719	135	34	.	.	PROPN
ajfa-13719	136	1	10	10	NUM
ajfa-13719	136	2	,	,	PUNCT
ajfa-13719	136	3	no	no	INTJ
ajfa-13719	136	4	.	.	NOUN
ajfa-13719	136	5	2	2	NUM
ajfa-13719	136	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	136	7	159	159	NUM
ajfa-13719	136	8	table	table	NOUN
ajfa-13719	136	9	1	1	NUM
ajfa-13719	136	10	.	.	PUNCT
ajfa-13719	136	11	calculation	calculation	NOUN
ajfa-13719	136	12	and	and	CCONJ
ajfa-13719	136	13	expecting	expect	VERB
ajfa-13719	136	14	sign	sign	NOUN
ajfa-13719	136	15	of	of	ADP
ajfa-13719	136	16	variables	variable	NOUN
ajfa-13719	136	17	no	no	DET
ajfa-13719	136	18	variables	variable	NOUN
ajfa-13719	136	19	types	type	NOUN
ajfa-13719	136	20	of	of	ADP
ajfa-13719	136	21	variables	variable	NOUN
ajfa-13719	136	22	variables	variable	NOUN
ajfa-13719	136	23	code	code	NOUN
ajfa-13719	136	24	calculating	calculate	VERB
ajfa-13719	136	25	method	method	NOUN
ajfa-13719	136	26	expecting	expect	VERB
ajfa-13719	136	27	signs	sign	NOUN
ajfa-13719	136	28	1	1	NUM
ajfa-13719	136	29	stock	stock	NOUN
ajfa-13719	136	30	liquidity	liquidity	NOUN
ajfa-13719	136	31	dependent	dependent	ADJ
ajfa-13719	136	32	to	to	ADP
ajfa-13719	136	33	quarter	quarter	NOUN
ajfa-13719	136	34	’s	’s	PART
ajfa-13719	136	35	sales	sale	NOUN
ajfa-13719	136	36	/	/	SYM
ajfa-13719	136	37	total	total	ADJ
ajfa-13719	136	38	quarter	quarter	NOUN
ajfa-13719	136	39	shares	share	NOUN
ajfa-13719	136	40	outstanding	outstanding	ADJ
ajfa-13719	136	41	on	on	ADP
ajfa-13719	136	42	average	average	ADJ
ajfa-13719	136	43	2	2	NUM
ajfa-13719	136	44	dependent	dependent	ADJ
ajfa-13719	136	45	zeros	zero	NOUN
ajfa-13719	136	46	numbers	number	NOUN
ajfa-13719	136	47	of	of	ADP
ajfa-13719	136	48	trading	trading	NOUN
ajfa-13719	136	49	days	day	NOUN
ajfa-13719	136	50	with	with	ADP
ajfa-13719	136	51	0	0	NUM
ajfa-13719	136	52	return	return	NOUN
ajfa-13719	136	53	in	in	ADP
ajfa-13719	136	54	year	year	NOUN
ajfa-13719	136	55	t	t	PROPN
ajfa-13719	136	56	/	/	SYM
ajfa-13719	136	57	total	total	ADJ
ajfa-13719	136	58	number	number	NOUN
ajfa-13719	136	59	of	of	ADP
ajfa-13719	136	60	trading	trading	NOUN
ajfa-13719	136	61	days	day	NOUN
ajfa-13719	136	62	in	in	ADP
ajfa-13719	136	63	year	year	NOUN
ajfa-13719	136	64	t	t	PROPN
ajfa-13719	136	65	3	3	NUM
ajfa-13719	136	66	financial	financial	ADJ
ajfa-13719	136	67	leverage	leverage	NOUN
ajfa-13719	136	68	independent	independent	PROPN
ajfa-13719	136	69	doa	doa	PROPN
ajfa-13719	136	70	debt	debt	NOUN
ajfa-13719	136	71	/	/	SYM
ajfa-13719	136	72	total	total	ADJ
ajfa-13719	136	73	assets	asset	NOUN
ajfa-13719	136	74	(	(	PUNCT
ajfa-13719	136	75	-	-	SYM
ajfa-13719	136	76	)	)	SYM
ajfa-13719	136	77	4	4	NUM
ajfa-13719	136	78	business	business	NOUN
ajfa-13719	136	79	size	size	NOUN
ajfa-13719	136	80	controlled	control	VERB
ajfa-13719	136	81	size	size	NOUN
ajfa-13719	136	82	ln	ln	X
ajfa-13719	136	83	(	(	PUNCT
ajfa-13719	136	84	total	total	ADJ
ajfa-13719	136	85	assets	asset	NOUN
ajfa-13719	136	86	)	)	PUNCT
ajfa-13719	136	87	(	(	PUNCT
ajfa-13719	136	88	+	+	NOUN
ajfa-13719	136	89	)	)	PUNCT
ajfa-13719	136	90	5	5	NUM
ajfa-13719	136	91	profitability	profitability	NOUN
ajfa-13719	136	92	controlled	control	VERB
ajfa-13719	136	93	ros	ros	PROPN
ajfa-13719	136	94	earnings	earning	NOUN
ajfa-13719	136	95	after	after	ADP
ajfa-13719	136	96	tax	tax	NOUN
ajfa-13719	136	97	/	/	SYM
ajfa-13719	136	98	revenue	revenue	NOUN
ajfa-13719	136	99	(	(	PUNCT
ajfa-13719	136	100	+	+	NOUN
ajfa-13719	136	101	)	)	PUNCT
ajfa-13719	136	102	6	6	NUM
ajfa-13719	136	103	corporate	corporate	ADJ
ajfa-13719	136	104	value	value	NOUN
ajfa-13719	136	105	controlled	control	VERB
ajfa-13719	136	106	tobin	tobin	PROPN
ajfa-13719	136	107	’s	’s	PART
ajfa-13719	136	108	q	q	PROPN
ajfa-13719	136	109	tobin	tobin	PROPN
ajfa-13719	136	110	’s	’s	PART
ajfa-13719	136	111	q	q	NOUN
ajfa-13719	137	1	=	=	PUNCT
ajfa-13719	137	2	(	(	PUNCT
ajfa-13719	137	3	total	total	ADJ
ajfa-13719	137	4	market	market	NOUN
ajfa-13719	137	5	value	value	NOUN
ajfa-13719	137	6	of	of	ADP
ajfa-13719	137	7	equity	equity	NOUN
ajfa-13719	137	8	+	+	CCONJ
ajfa-13719	137	9	net	net	ADJ
ajfa-13719	137	10	debts)/total	debts)/total	ADJ
ajfa-13719	137	11	book	book	NOUN
ajfa-13719	137	12	value	value	NOUN
ajfa-13719	137	13	of	of	ADP
ajfa-13719	137	14	assets	asset	NOUN
ajfa-13719	137	15	(	(	PUNCT
ajfa-13719	137	16	+	+	ADJ
ajfa-13719	137	17	)	)	PUNCT
ajfa-13719	137	18	source	source	NOUN
ajfa-13719	137	19	:	:	PUNCT
ajfa-13719	137	20	authors	author	NOUN
ajfa-13719	137	21	’	’	PART
ajfa-13719	137	22	establishment	establishment	NOUN
ajfa-13719	137	23	the	the	DET
ajfa-13719	137	24	study	study	NOUN
ajfa-13719	137	25	looked	look	VERB
ajfa-13719	137	26	at	at	ADP
ajfa-13719	137	27	factors	factor	NOUN
ajfa-13719	137	28	affecting	affect	VERB
ajfa-13719	137	29	dividend	dividend	NOUN
ajfa-13719	137	30	policy	policy	NOUN
ajfa-13719	137	31	collected	collect	VERB
ajfa-13719	137	32	from	from	ADP
ajfa-13719	137	33	listed	list	VERB
ajfa-13719	137	34	companies	company	NOUN
ajfa-13719	137	35	on	on	ADP
ajfa-13719	137	36	the	the	DET
ajfa-13719	137	37	ho	ho	PROPN
ajfa-13719	137	38	chi	chi	PROPN
ajfa-13719	137	39	minh	minh	PROPN
ajfa-13719	137	40	city	city	PROPN
ajfa-13719	137	41	stock	stock	NOUN
ajfa-13719	137	42	market	market	NOUN
ajfa-13719	137	43	for	for	ADP
ajfa-13719	137	44	seven	seven	NUM
ajfa-13719	137	45	years	year	NOUN
ajfa-13719	137	46	from	from	ADP
ajfa-13719	137	47	2011	2011	NUM
ajfa-13719	137	48	to	to	ADP
ajfa-13719	137	49	2017	2017	NUM
ajfa-13719	137	50	with	with	ADP
ajfa-13719	137	51	1078	1078	NUM
ajfa-13719	137	52	observations	observation	NOUN
ajfa-13719	137	53	.	.	PUNCT
ajfa-13719	138	1	estimation	estimation	NOUN
ajfa-13719	138	2	of	of	ADP
ajfa-13719	138	3	regression	regression	NOUN
ajfa-13719	138	4	model	model	NOUN
ajfa-13719	138	5	based	base	VERB
ajfa-13719	138	6	on	on	ADP
ajfa-13719	138	7	tabular	tabular	PROPN
ajfa-13719	138	8	data	data	PROPN
ajfa-13719	138	9	.	.	PUNCT
ajfa-13719	139	1	research	research	NOUN
ajfa-13719	139	2	methods	method	NOUN
ajfa-13719	139	3	used	use	VERB
ajfa-13719	139	4	in	in	ADP
ajfa-13719	139	5	the	the	DET
ajfa-13719	139	6	model	model	NOUN
ajfa-13719	139	7	include	include	VERB
ajfa-13719	139	8	fem	fem	NOUN
ajfa-13719	139	9	(	(	PUNCT
ajfa-13719	139	10	fixed	fix	VERB
ajfa-13719	139	11	-	-	PUNCT
ajfa-13719	139	12	effect	effect	NOUN
ajfa-13719	139	13	estimation	estimation	NOUN
ajfa-13719	139	14	model	model	NOUN
ajfa-13719	139	15	)	)	PUNCT
ajfa-13719	139	16	and	and	CCONJ
ajfa-13719	139	17	rem	rem	PRON
ajfa-13719	139	18	(	(	PUNCT
ajfa-13719	139	19	random	random	ADJ
ajfa-13719	139	20	-	-	PUNCT
ajfa-13719	139	21	effect	effect	NOUN
ajfa-13719	139	22	estimation	estimation	NOUN
ajfa-13719	139	23	model	model	NOUN
ajfa-13719	139	24	)	)	PUNCT
ajfa-13719	139	25	.	.	PUNCT
ajfa-13719	140	1	the	the	DET
ajfa-13719	140	2	final	final	ADJ
ajfa-13719	140	3	result	result	NOUN
ajfa-13719	140	4	will	will	AUX
ajfa-13719	140	5	be	be	AUX
ajfa-13719	140	6	used	use	VERB
ajfa-13719	140	7	after	after	ADP
ajfa-13719	140	8	the	the	DET
ajfa-13719	140	9	defect	defect	NOUN
ajfa-13719	140	10	recovery	recovery	NOUN
ajfa-13719	140	11	process	process	NOUN
ajfa-13719	140	12	of	of	ADP
ajfa-13719	140	13	the	the	DET
ajfa-13719	140	14	selected	select	VERB
ajfa-13719	140	15	model	model	NOUN
ajfa-13719	140	16	.	.	PUNCT
ajfa-13719	141	1	5	5	X
ajfa-13719	141	2	.	.	X
ajfa-13719	141	3	research	research	NOUN
ajfa-13719	141	4	results	result	VERB
ajfa-13719	141	5	5.1	5.1	NUM
ajfa-13719	141	6	statistics	statistic	NOUN
ajfa-13719	141	7	describe	describe	VERB
ajfa-13719	141	8	the	the	DET
ajfa-13719	141	9	data	datum	NOUN
ajfa-13719	141	10	table	table	NOUN
ajfa-13719	141	11	2	2	NUM
ajfa-13719	141	12	shows	show	VERB
ajfa-13719	141	13	descriptive	descriptive	ADJ
ajfa-13719	141	14	statistics	statistic	NOUN
ajfa-13719	141	15	results	result	NOUN
ajfa-13719	141	16	of	of	ADP
ajfa-13719	141	17	the	the	DET
ajfa-13719	141	18	data	datum	NOUN
ajfa-13719	141	19	used	use	VERB
ajfa-13719	141	20	in	in	ADP
ajfa-13719	141	21	the	the	DET
ajfa-13719	141	22	model	model	NOUN
ajfa-13719	141	23	.	.	PUNCT
ajfa-13719	142	1	in	in	ADP
ajfa-13719	142	2	particular	particular	ADJ
ajfa-13719	142	3	,	,	PUNCT
ajfa-13719	142	4	the	the	DET
ajfa-13719	142	5	highest	high	ADJ
ajfa-13719	142	6	level	level	NOUN
ajfa-13719	142	7	of	of	ADP
ajfa-13719	142	8	financial	financial	ADJ
ajfa-13719	142	9	leverage	leverage	NOUN
ajfa-13719	142	10	of	of	ADP
ajfa-13719	142	11	listed	list	VERB
ajfa-13719	142	12	companies	company	NOUN
ajfa-13719	142	13	was	be	AUX
ajfa-13719	142	14	97.68	97.68	NUM
ajfa-13719	142	15	%	%	NOUN
ajfa-13719	142	16	and	and	CCONJ
ajfa-13719	142	17	the	the	DET
ajfa-13719	142	18	lowest	low	ADJ
ajfa-13719	142	19	value	value	NOUN
ajfa-13719	142	20	was	be	AUX
ajfa-13719	142	21	0.06	0.06	NUM
ajfa-13719	142	22	%	%	NOUN
ajfa-13719	142	23	.	.	PUNCT
ajfa-13719	143	1	ros	ros	PROPN
ajfa-13719	143	2	is	be	AUX
ajfa-13719	143	3	the	the	DET
ajfa-13719	143	4	variable	variable	NOUN
ajfa-13719	143	5	with	with	ADP
ajfa-13719	143	6	the	the	DET
ajfa-13719	143	7	highest	high	ADJ
ajfa-13719	143	8	variance	variance	NOUN
ajfa-13719	143	9	compared	compare	VERB
ajfa-13719	143	10	to	to	ADP
ajfa-13719	143	11	other	other	ADJ
ajfa-13719	143	12	variables	variable	NOUN
ajfa-13719	143	13	.	.	PUNCT
ajfa-13719	144	1	the	the	DET
ajfa-13719	144	2	results	result	NOUN
ajfa-13719	144	3	also	also	ADV
ajfa-13719	144	4	showed	show	VERB
ajfa-13719	144	5	that	that	SCONJ
ajfa-13719	144	6	the	the	DET
ajfa-13719	144	7	average	average	ADJ
ajfa-13719	144	8	profitability	profitability	NOUN
ajfa-13719	144	9	(	(	PUNCT
ajfa-13719	144	10	over	over	ADP
ajfa-13719	144	11	revenue	revenue	NOUN
ajfa-13719	144	12	)	)	PUNCT
ajfa-13719	144	13	of	of	ADP
ajfa-13719	144	14	the	the	DET
ajfa-13719	144	15	company	company	NOUN
ajfa-13719	144	16	was	be	AUX
ajfa-13719	144	17	1.96	1.96	NUM
ajfa-13719	144	18	%	%	NOUN
ajfa-13719	144	19	.	.	PUNCT
ajfa-13719	145	1	the	the	DET
ajfa-13719	145	2	asian	asian	ADJ
ajfa-13719	145	3	journal	journal	PROPN
ajfa-13719	145	4	of	of	ADP
ajfa-13719	145	5	finance	finance	PROPN
ajfa-13719	145	6	&	&	CCONJ
ajfa-13719	145	7	accounting	accounting	PROPN
ajfa-13719	145	8	issn	issn	PROPN
ajfa-13719	145	9	1946	1946	NUM
ajfa-13719	145	10	-	-	PUNCT
ajfa-13719	145	11	052x	052x	NOUN
ajfa-13719	145	12	2018	2018	NUM
ajfa-13719	145	13	,	,	PUNCT
ajfa-13719	145	14	vol	vol	NOUN
ajfa-13719	145	15	.	.	PROPN
ajfa-13719	145	16	10	10	NUM
ajfa-13719	145	17	,	,	PUNCT
ajfa-13719	145	18	no	no	INTJ
ajfa-13719	145	19	.	.	NOUN
ajfa-13719	145	20	2	2	NUM
ajfa-13719	145	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	145	22	160	160	NUM
ajfa-13719	145	23	variables	variable	NOUN
ajfa-13719	145	24	representing	represent	VERB
ajfa-13719	145	25	financial	financial	ADJ
ajfa-13719	145	26	leverage	leverage	NOUN
ajfa-13719	145	27	have	have	VERB
ajfa-13719	145	28	the	the	DET
ajfa-13719	145	29	greatest	great	ADJ
ajfa-13719	145	30	value	value	NOUN
ajfa-13719	145	31	of	of	ADP
ajfa-13719	145	32	around	around	ADP
ajfa-13719	145	33	0.7	0.7	NUM
ajfa-13719	145	34	,	,	PUNCT
ajfa-13719	145	35	while	while	SCONJ
ajfa-13719	145	36	the	the	DET
ajfa-13719	145	37	smallest	small	ADJ
ajfa-13719	145	38	value	value	NOUN
ajfa-13719	145	39	is	be	AUX
ajfa-13719	145	40	the	the	PRON
ajfa-13719	145	41	to	to	ADP
ajfa-13719	145	42	variable	variable	NOUN
ajfa-13719	145	43	,	,	PUNCT
ajfa-13719	145	44	which	which	PRON
ajfa-13719	145	45	is	be	AUX
ajfa-13719	145	46	0	0	NUM
ajfa-13719	145	47	,	,	PUNCT
ajfa-13719	145	48	and	and	CCONJ
ajfa-13719	145	49	the	the	DET
ajfa-13719	145	50	zeros	zero	NOUN
ajfa-13719	145	51	variable	variable	NOUN
ajfa-13719	145	52	,	,	PUNCT
ajfa-13719	145	53	which	which	PRON
ajfa-13719	145	54	is	be	AUX
ajfa-13719	145	55	0.043	0.043	NUM
ajfa-13719	145	56	.	.	PUNCT
ajfa-13719	145	57	table	table	NOUN
ajfa-13719	145	58	2	2	NUM
ajfa-13719	145	59	.	.	PUNCT
ajfa-13719	145	60	statistics	statistic	NOUN
ajfa-13719	145	61	describing	describe	VERB
ajfa-13719	145	62	the	the	DET
ajfa-13719	145	63	variables	variable	NOUN
ajfa-13719	145	64	in	in	ADP
ajfa-13719	145	65	the	the	DET
ajfa-13719	145	66	model	model	NOUN
ajfa-13719	145	67	variables	variable	NOUN
ajfa-13719	145	68	mean	mean	VERB
ajfa-13719	145	69	std	std	X
ajfa-13719	145	70	.	.	PUNCT
ajfa-13719	145	71	min	min	PROPN
ajfa-13719	145	72	max	max	PROPN
ajfa-13719	145	73	ros	ros	PROPN
ajfa-13719	145	74	0.019	0.019	NUM
ajfa-13719	145	75	2.190	2.190	NUM
ajfa-13719	145	76	-7.519	-7.519	NUM
ajfa-13719	145	77	2.059	2.059	NUM
ajfa-13719	145	78	tobin	tobin	NOUN
ajfa-13719	145	79	’s	’s	PART
ajfa-13719	145	80	q	q	PROPN
ajfa-13719	145	81	1.074	1.074	NUM
ajfa-13719	145	82	0.573	0.573	NUM
ajfa-13719	145	83	0.232	0.232	NUM
ajfa-13719	145	84	8.504	8.504	NUM
ajfa-13719	145	85	sizedt	sizedt	NOUN
ajfa-13719	145	86	13.742	13.742	NUM
ajfa-13719	145	87	1.427	1.427	NUM
ajfa-13719	145	88	9.123	9.123	NUM
ajfa-13719	145	89	18.320	18.320	NUM
ajfa-13719	145	90	doa	doa	NOUN
ajfa-13719	145	91	0.494	0.494	NUM
ajfa-13719	145	92	0.204	0.204	NUM
ajfa-13719	145	93	0.006	0.006	NUM
ajfa-13719	145	94	0.976	0.976	NUM
ajfa-13719	145	95	zeros	zero	NOUN
ajfa-13719	145	96	0.256	0.256	NUM
ajfa-13719	145	97	0.119	0.119	NUM
ajfa-13719	145	98	0.043	0.043	NUM
ajfa-13719	145	99	0.756	0.756	NUM
ajfa-13719	145	100	source	source	NOUN
ajfa-13719	145	101	:	:	PUNCT
ajfa-13719	145	102	author	author	NOUN
ajfa-13719	145	103	’s	’s	PART
ajfa-13719	145	104	computation	computation	NOUN
ajfa-13719	145	105	using	use	VERB
ajfa-13719	145	106	r	r	NOUN
ajfa-13719	145	107	software	software	NOUN
ajfa-13719	145	108	in	in	ADP
ajfa-13719	145	109	addition	addition	NOUN
ajfa-13719	145	110	,	,	PUNCT
ajfa-13719	145	111	the	the	DET
ajfa-13719	145	112	results	result	NOUN
ajfa-13719	145	113	show	show	VERB
ajfa-13719	145	114	that	that	SCONJ
ajfa-13719	145	115	the	the	DET
ajfa-13719	145	116	correlation	correlation	NOUN
ajfa-13719	145	117	among	among	ADP
ajfa-13719	145	118	the	the	DET
ajfa-13719	145	119	variables	variable	NOUN
ajfa-13719	145	120	is	be	AUX
ajfa-13719	145	121	relatively	relatively	ADV
ajfa-13719	145	122	low	low	ADJ
ajfa-13719	145	123	(	(	PUNCT
ajfa-13719	145	124	table	table	NOUN
ajfa-13719	145	125	3	3	NUM
ajfa-13719	145	126	)	)	PUNCT
ajfa-13719	145	127	.	.	PUNCT
ajfa-13719	146	1	the	the	DET
ajfa-13719	146	2	purpose	purpose	NOUN
ajfa-13719	146	3	of	of	ADP
ajfa-13719	146	4	examining	examine	VERB
ajfa-13719	146	5	the	the	DET
ajfa-13719	146	6	close	close	ADJ
ajfa-13719	146	7	correlation	correlation	NOUN
ajfa-13719	146	8	between	between	ADP
ajfa-13719	146	9	independent	independent	ADJ
ajfa-13719	146	10	variables	variable	NOUN
ajfa-13719	146	11	and	and	CCONJ
ajfa-13719	146	12	dependent	dependent	ADJ
ajfa-13719	146	13	variables	variable	NOUN
ajfa-13719	146	14	is	be	AUX
ajfa-13719	146	15	to	to	PART
ajfa-13719	146	16	eliminate	eliminate	VERB
ajfa-13719	146	17	factors	factor	NOUN
ajfa-13719	146	18	that	that	PRON
ajfa-13719	146	19	may	may	AUX
ajfa-13719	146	20	lead	lead	VERB
ajfa-13719	146	21	to	to	ADP
ajfa-13719	146	22	multi	multi	NOUN
ajfa-13719	146	23	-	-	NOUN
ajfa-13719	146	24	collinearity	collinearity	NOUN
ajfa-13719	146	25	before	before	ADP
ajfa-13719	146	26	running	run	VERB
ajfa-13719	146	27	the	the	DET
ajfa-13719	146	28	regression	regression	NOUN
ajfa-13719	146	29	model	model	NOUN
ajfa-13719	146	30	.	.	PUNCT
ajfa-13719	147	1	the	the	DET
ajfa-13719	147	2	correlation	correlation	NOUN
ajfa-13719	147	3	coefficient	coefficient	NOUN
ajfa-13719	147	4	between	between	ADP
ajfa-13719	147	5	the	the	DET
ajfa-13719	147	6	independent	independent	ADJ
ajfa-13719	147	7	variables	variable	NOUN
ajfa-13719	147	8	in	in	ADP
ajfa-13719	147	9	the	the	DET
ajfa-13719	147	10	model	model	NOUN
ajfa-13719	147	11	is	be	AUX
ajfa-13719	147	12	less	less	ADJ
ajfa-13719	147	13	than	than	ADP
ajfa-13719	147	14	0.8	0.8	NUM
ajfa-13719	147	15	,	,	PUNCT
ajfa-13719	147	16	so	so	CCONJ
ajfa-13719	147	17	it	it	PRON
ajfa-13719	147	18	is	be	AUX
ajfa-13719	147	19	less	less	ADV
ajfa-13719	147	20	likely	likely	ADJ
ajfa-13719	147	21	that	that	SCONJ
ajfa-13719	147	22	multi	multi	ADJ
ajfa-13719	147	23	-	-	ADJ
ajfa-13719	147	24	collinearity	collinearity	NOUN
ajfa-13719	147	25	will	will	AUX
ajfa-13719	147	26	occur	occur	VERB
ajfa-13719	147	27	.	.	PUNCT
ajfa-13719	148	1	the	the	DET
ajfa-13719	148	2	variance	variance	NOUN
ajfa-13719	148	3	inflation	inflation	NOUN
ajfa-13719	148	4	factor	factor	NOUN
ajfa-13719	148	5	(	(	PUNCT
ajfa-13719	148	6	vif	vif	NOUN
ajfa-13719	148	7	)	)	PUNCT
ajfa-13719	148	8	will	will	AUX
ajfa-13719	148	9	be	be	AUX
ajfa-13719	148	10	used	use	VERB
ajfa-13719	148	11	to	to	PART
ajfa-13719	148	12	test	test	VERB
ajfa-13719	148	13	the	the	DET
ajfa-13719	148	14	multidimensional	multidimensional	ADJ
ajfa-13719	148	15	phenomenon	phenomenon	NOUN
ajfa-13719	148	16	between	between	ADP
ajfa-13719	148	17	variables	variable	NOUN
ajfa-13719	148	18	.	.	PUNCT
ajfa-13719	149	1	table	table	NOUN
ajfa-13719	149	2	3	3	NUM
ajfa-13719	149	3	.	.	PUNCT
ajfa-13719	149	4	correlation	correlation	NOUN
ajfa-13719	149	5	matrix	matrix	NOUN
ajfa-13719	149	6	between	between	ADP
ajfa-13719	149	7	variables	variable	NOUN
ajfa-13719	149	8	in	in	ADP
ajfa-13719	149	9	the	the	DET
ajfa-13719	149	10	model	model	NOUN
ajfa-13719	149	11	ros	ros	PROPN
ajfa-13719	149	12	tobin’sq	tobin’sq	DET
ajfa-13719	149	13	sizedt	sizedt	NOUN
ajfa-13719	149	14	doa	doa	NOUN
ajfa-13719	149	15	zeros	zero	NOUN
ajfa-13719	149	16	turnover	turnover	NOUN
ajfa-13719	149	17	ros	ros	PROPN
ajfa-13719	149	18	1.0000	1.0000	NUM
ajfa-13719	149	19	tobin	tobin	PROPN
ajfa-13719	149	20	’s	’s	PART
ajfa-13719	149	21	q	q	PROPN
ajfa-13719	149	22	0.0424	0.0424	NUM
ajfa-13719	149	23	1.0000	1.0000	NUM
ajfa-13719	149	24	sizedt	sizedt	NOUN
ajfa-13719	149	25	0.0802	0.0802	NUM
ajfa-13719	149	26	0.2498	0.2498	NUM
ajfa-13719	149	27	1.0000	1.0000	NUM
ajfa-13719	149	28	doa	doa	NOUN
ajfa-13719	149	29	0.0259	0.0259	NUM
ajfa-13719	149	30	-0.1117	-0.1117	VERB
ajfa-13719	149	31	0.3463	0.3463	NUM
ajfa-13719	149	32	1.0000	1.0000	NUM
ajfa-13719	149	33	zeros	zero	NOUN
ajfa-13719	149	34	0.0388	0.0388	NUM
ajfa-13719	149	35	-0.0686	-0.0686	NOUN
ajfa-13719	149	36	-0.282	-0.282	PUNCT
ajfa-13719	150	1	0.0303	0.0303	NUM
ajfa-13719	150	2	1.0000	1.0000	NUM
ajfa-13719	150	3	turnover	turnover	NOUN
ajfa-13719	150	4	0.0121	0.0121	NUM
ajfa-13719	150	5	0.1007	0.1007	NUM
ajfa-13719	150	6	0.1227	0.1227	NUM
ajfa-13719	150	7	-0.0258	-0.0258	VERB
ajfa-13719	150	8	-0.4163	-0.4163	NOUN
ajfa-13719	150	9	1.0000	1.0000	NUM
ajfa-13719	150	10	source	source	NOUN
ajfa-13719	150	11	:	:	PUNCT
ajfa-13719	150	12	author	author	NOUN
ajfa-13719	150	13	’s	’s	PART
ajfa-13719	150	14	computation	computation	NOUN
ajfa-13719	150	15	using	use	VERB
ajfa-13719	150	16	r	r	NOUN
ajfa-13719	150	17	software	software	NOUN
ajfa-13719	150	18	asian	asian	ADJ
ajfa-13719	150	19	journal	journal	NOUN
ajfa-13719	150	20	of	of	ADP
ajfa-13719	150	21	finance	finance	PROPN
ajfa-13719	150	22	&	&	CCONJ
ajfa-13719	150	23	accounting	accounting	PROPN
ajfa-13719	150	24	issn	issn	PROPN
ajfa-13719	150	25	1946	1946	NUM
ajfa-13719	150	26	-	-	PUNCT
ajfa-13719	150	27	052x	052x	NOUN
ajfa-13719	150	28	2018	2018	NUM
ajfa-13719	150	29	,	,	PUNCT
ajfa-13719	150	30	vol	vol	NOUN
ajfa-13719	150	31	.	.	PROPN
ajfa-13719	151	1	10	10	NUM
ajfa-13719	151	2	,	,	PUNCT
ajfa-13719	151	3	no	no	INTJ
ajfa-13719	151	4	.	.	NOUN
ajfa-13719	151	5	2	2	NUM
ajfa-13719	151	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	151	7	161	161	NUM
ajfa-13719	151	8	5.2	5.2	NUM
ajfa-13719	151	9	model	model	NOUN
ajfa-13719	151	10	selection	selection	NOUN
ajfa-13719	151	11	5.2.1	5.2.1	NUM
ajfa-13719	151	12	the	the	DET
ajfa-13719	151	13	model	model	NOUN
ajfa-13719	151	14	with	with	ADP
ajfa-13719	151	15	the	the	DET
ajfa-13719	151	16	dependent	dependent	ADJ
ajfa-13719	151	17	variable	variable	NOUN
ajfa-13719	151	18	is	be	AUX
ajfa-13719	151	19	zeros	zero	NOUN
ajfa-13719	151	20	for	for	ADP
ajfa-13719	151	21	selecting	select	VERB
ajfa-13719	151	22	the	the	DET
ajfa-13719	151	23	right	right	ADJ
ajfa-13719	151	24	model	model	NOUN
ajfa-13719	151	25	,	,	PUNCT
ajfa-13719	151	26	the	the	DET
ajfa-13719	151	27	authors	author	NOUN
ajfa-13719	151	28	used	use	VERB
ajfa-13719	151	29	the	the	DET
ajfa-13719	151	30	hausman	hausman	ADJ
ajfa-13719	151	31	test	test	NOUN
ajfa-13719	151	32	to	to	PART
ajfa-13719	151	33	choose	choose	VERB
ajfa-13719	151	34	between	between	ADP
ajfa-13719	151	35	the	the	DET
ajfa-13719	151	36	fixed	fix	VERB
ajfa-13719	151	37	-	-	PUNCT
ajfa-13719	151	38	effect	effect	NOUN
ajfa-13719	151	39	estimation	estimation	NOUN
ajfa-13719	151	40	model	model	NOUN
ajfa-13719	151	41	(	(	PUNCT
ajfa-13719	151	42	fem	fem	PROPN
ajfa-13719	151	43	)	)	PUNCT
ajfa-13719	151	44	and	and	CCONJ
ajfa-13719	151	45	the	the	DET
ajfa-13719	151	46	random	random	ADJ
ajfa-13719	151	47	-	-	PUNCT
ajfa-13719	151	48	effect	effect	NOUN
ajfa-13719	151	49	estimation	estimation	NOUN
ajfa-13719	151	50	model	model	NOUN
ajfa-13719	151	51	(	(	PUNCT
ajfa-13719	151	52	rem	rem	NOUN
ajfa-13719	151	53	)	)	PUNCT
ajfa-13719	151	54	.	.	PUNCT
ajfa-13719	152	1	the	the	DET
ajfa-13719	152	2	hausman	hausman	PROPN
ajfa-13719	152	3	test	test	NOUN
ajfa-13719	152	4	results	result	NOUN
ajfa-13719	152	5	show	show	VERB
ajfa-13719	152	6	that	that	SCONJ
ajfa-13719	152	7	prob	prob	PROPN
ajfa-13719	152	8	>	>	X
ajfa-13719	152	9	chi2	chi2	PROPN
ajfa-13719	152	10	=	=	PUNCT
ajfa-13719	152	11	0.0452	0.0452	NUM
ajfa-13719	152	12	means	mean	VERB
ajfa-13719	152	13	that	that	SCONJ
ajfa-13719	152	14	p	p	NOUN
ajfa-13719	152	15	-	-	PUNCT
ajfa-13719	152	16	value	value	NOUN
ajfa-13719	152	17	<	<	X
ajfa-13719	152	18	α	α	X
ajfa-13719	152	19	=	=	SYM
ajfa-13719	152	20	5	5	NUM
ajfa-13719	152	21	%	%	NOUN
ajfa-13719	152	22	,	,	PUNCT
ajfa-13719	152	23	so	so	CCONJ
ajfa-13719	152	24	it	it	PRON
ajfa-13719	152	25	is	be	AUX
ajfa-13719	152	26	sufficient	sufficient	ADJ
ajfa-13719	152	27	to	to	PART
ajfa-13719	152	28	reject	reject	VERB
ajfa-13719	152	29	the	the	DET
ajfa-13719	152	30	h0	h0	ADJ
ajfa-13719	152	31	hypothesis	hypothesis	NOUN
ajfa-13719	152	32	.	.	PUNCT
ajfa-13719	153	1	therefore	therefore	ADV
ajfa-13719	153	2	,	,	PUNCT
ajfa-13719	153	3	the	the	DET
ajfa-13719	153	4	fem	fem	NOUN
ajfa-13719	153	5	is	be	AUX
ajfa-13719	153	6	more	more	ADV
ajfa-13719	153	7	appropriate	appropriate	ADJ
ajfa-13719	153	8	than	than	ADP
ajfa-13719	153	9	the	the	DET
ajfa-13719	153	10	rem	rem	NOUN
ajfa-13719	153	11	model	model	NOUN
ajfa-13719	153	12	.	.	PUNCT
ajfa-13719	154	1	table	table	NOUN
ajfa-13719	154	2	4	4	NUM
ajfa-13719	154	3	.	.	PUNCT
ajfa-13719	155	1	the	the	DET
ajfa-13719	155	2	regression	regression	NOUN
ajfa-13719	155	3	results	result	VERB
ajfa-13719	155	4	with	with	ADP
ajfa-13719	155	5	zeros	zero	NOUN
ajfa-13719	155	6	as	as	ADP
ajfa-13719	155	7	dependent	dependent	ADJ
ajfa-13719	155	8	variable	variable	ADJ
ajfa-13719	155	9	fem	fem	X
ajfa-13719	155	10	rem	rem	VERB
ajfa-13719	155	11	gls	gl	VERB
ajfa-13719	155	12	doa	doa	NOUN
ajfa-13719	155	13	0.1144	0.1144	NUM
ajfa-13719	155	14	*	*	PUNCT
ajfa-13719	155	15	*	*	PUNCT
ajfa-13719	155	16	*	*	PUNCT
ajfa-13719	155	17	0.0962	0.0962	NUM
ajfa-13719	155	18	*	*	PUNCT
ajfa-13719	155	19	*	*	PUNCT
ajfa-13719	155	20	*	*	PUNCT
ajfa-13719	155	21	0.1144	0.1144	NUM
ajfa-13719	155	22	*	*	PUNCT
ajfa-13719	155	23	*	*	PUNCT
ajfa-13719	155	24	*	*	PUNCT
ajfa-13719	155	25	ros	ros	PROPN
ajfa-13719	155	26	0.0022	0.0022	NUM
ajfa-13719	155	27	*	*	SYM
ajfa-13719	155	28	0.0024	0.0024	NUM
ajfa-13719	155	29	*	*	SYM
ajfa-13719	155	30	0.0022	0.0022	NUM
ajfa-13719	155	31	*	*	PUNCT
ajfa-13719	155	32	*	*	PUNCT
ajfa-13719	155	33	*	*	ADJ
ajfa-13719	155	34	tobinq	tobinq	ADJ
ajfa-13719	155	35	-0.0241	-0.0241	NOUN
ajfa-13719	155	36	*	*	PUNCT
ajfa-13719	155	37	*	*	PUNCT
ajfa-13719	155	38	*	*	PUNCT
ajfa-13719	155	39	-0.0127	-0.0127	NOUN
ajfa-13719	155	40	*	*	PUNCT
ajfa-13719	155	41	-0.0241	-0.0241	PROPN
ajfa-13719	156	1	*	*	PUNCT
ajfa-13719	156	2	*	*	PUNCT
ajfa-13719	156	3	*	*	NOUN
ajfa-13719	156	4	size	size	NOUN
ajfa-13719	156	5	-0.0264	-0.0264	NOUN
ajfa-13719	156	6	*	*	PUNCT
ajfa-13719	156	7	*	*	PUNCT
ajfa-13719	156	8	*	*	NOUN
ajfa-13719	156	9	-0.0271	-0.0271	NOUN
ajfa-13719	156	10	*	*	PUNCT
ajfa-13719	156	11	*	*	PUNCT
ajfa-13719	156	12	*	*	PUNCT
ajfa-13719	156	13	-0.0264	-0.0264	NOUN
ajfa-13719	156	14	*	*	PUNCT
ajfa-13719	156	15	*	*	PUNCT
ajfa-13719	157	1	*	*	PUNCT
ajfa-13719	157	2	_	_	PUNCT
ajfa-13719	157	3	cons	con	NOUN
ajfa-13719	157	4	0.5952	0.5952	NUM
ajfa-13719	157	5	n	n	CCONJ
ajfa-13719	157	6	1078	1078	NUM
ajfa-13719	157	7	1078	1078	NUM
ajfa-13719	157	8	1078	1078	NUM
ajfa-13719	157	9	r	r	NOUN
ajfa-13719	157	10	-	-	PUNCT
ajfa-13719	157	11	sq	sq	NUM
ajfa-13719	157	12	0.0433	0.0433	NUM
ajfa-13719	157	13	0.0565	0.0565	NUM
ajfa-13719	157	14	hausman	hausman	ADJ
ajfa-13719	157	15	test	test	NOUN
ajfa-13719	157	16	chisq	chisq	PROPN
ajfa-13719	157	17	=	=	PUNCT
ajfa-13719	158	1	9.7344	9.7344	NUM
ajfa-13719	158	2	p	p	NOUN
ajfa-13719	158	3	-	-	PUNCT
ajfa-13719	158	4	value	value	NOUN
ajfa-13719	158	5	=	=	NOUN
ajfa-13719	158	6	0.0452	0.0452	NUM
ajfa-13719	158	7	breusch	breusch	ADJ
ajfa-13719	158	8	-	-	PUNCT
ajfa-13719	158	9	pagan	pagan	VERB
ajfa-13719	158	10	lm	lm	INTJ
ajfa-13719	158	11	test	test	NOUN
ajfa-13719	158	12	chisq	chisq	NOUN
ajfa-13719	158	13	=	=	SYM
ajfa-13719	158	14	17478	17478	NUM
ajfa-13719	158	15	p	p	ADJ
ajfa-13719	158	16	-	-	PUNCT
ajfa-13719	158	17	value	value	NOUN
ajfa-13719	158	18	=	=	SYM
ajfa-13719	158	19	0.0000	0.0000	NUM
ajfa-13719	158	20	breusch	breusch	NOUN
ajfa-13719	158	21	-	-	PUNCT
ajfa-13719	158	22	godfrey	godfrey	NOUN
ajfa-13719	158	23	/	/	SYM
ajfa-13719	158	24	wooldridge	wooldridge	PROPN
ajfa-13719	158	25	test	test	NOUN
ajfa-13719	158	26	chisq	chisq	PROPN
ajfa-13719	158	27	=	=	PUNCT
ajfa-13719	158	28	155.06	155.06	NUM
ajfa-13719	158	29	p	p	NOUN
ajfa-13719	158	30	-	-	PUNCT
ajfa-13719	158	31	value	value	NOUN
ajfa-13719	158	32	=	=	SYM
ajfa-13719	158	33	0.0000	0.0000	NUM
ajfa-13719	158	34	breusch	breusch	ADJ
ajfa-13719	158	35	-	-	PUNCT
ajfa-13719	158	36	pagan	pagan	ADJ
ajfa-13719	158	37	test	test	NOUN
ajfa-13719	158	38	bp	bp	PROPN
ajfa-13719	159	1	=	=	PRON
ajfa-13719	159	2	31.199	31.199	NUM
ajfa-13719	159	3	p	p	ADJ
ajfa-13719	159	4	-	-	PUNCT
ajfa-13719	159	5	value	value	NOUN
ajfa-13719	159	6	=	=	SYM
ajfa-13719	159	7	0.0000	0.0000	NUM
ajfa-13719	159	8	t	t	NOUN
ajfa-13719	159	9	statistics	statistic	NOUN
ajfa-13719	159	10	in	in	ADP
ajfa-13719	159	11	brackets	bracket	NOUN
ajfa-13719	159	12	*	*	PUNCT
ajfa-13719	159	13	p<0.1	p<0.1	NUM
ajfa-13719	159	14	,	,	PUNCT
ajfa-13719	159	15	*	*	PUNCT
ajfa-13719	159	16	*	*	PUNCT
ajfa-13719	159	17	p<0.05	p<0.05	NOUN
ajfa-13719	159	18	,	,	PUNCT
ajfa-13719	159	19	*	*	PUNCT
ajfa-13719	159	20	*	*	PUNCT
ajfa-13719	159	21	*	*	PUNCT
ajfa-13719	159	22	p<0.01	p<0.01	PROPN
ajfa-13719	159	23	source	source	NOUN
ajfa-13719	159	24	:	:	PUNCT
ajfa-13719	159	25	author	author	NOUN
ajfa-13719	159	26	’s	’s	PART
ajfa-13719	159	27	computation	computation	NOUN
ajfa-13719	159	28	using	use	VERB
ajfa-13719	159	29	r	r	NOUN
ajfa-13719	159	30	software	software	NOUN
ajfa-13719	159	31	however	however	ADV
ajfa-13719	159	32	,	,	PUNCT
ajfa-13719	159	33	before	before	ADP
ajfa-13719	159	34	analyzing	analyze	VERB
ajfa-13719	159	35	in	in	ADP
ajfa-13719	159	36	detail	detail	NOUN
ajfa-13719	159	37	the	the	DET
ajfa-13719	159	38	factors	factor	NOUN
ajfa-13719	159	39	that	that	PRON
ajfa-13719	159	40	affect	affect	VERB
ajfa-13719	159	41	zeros	zero	NOUN
ajfa-13719	159	42	,	,	PUNCT
ajfa-13719	159	43	the	the	DET
ajfa-13719	159	44	authors	author	NOUN
ajfa-13719	159	45	use	use	VERB
ajfa-13719	159	46	the	the	DET
ajfa-13719	159	47	tests	test	NOUN
ajfa-13719	159	48	of	of	ADP
ajfa-13719	159	49	variance	variance	NOUN
ajfa-13719	159	50	change	change	NOUN
ajfa-13719	159	51	,	,	PUNCT
ajfa-13719	159	52	multi	multi	NOUN
ajfa-13719	159	53	-	-	NOUN
ajfa-13719	159	54	collinearity	collinearity	ADJ
ajfa-13719	159	55	,	,	PUNCT
ajfa-13719	159	56	autocorrelation	autocorrelation	NOUN
ajfa-13719	159	57	and	and	CCONJ
ajfa-13719	159	58	makes	make	VERB
ajfa-13719	159	59	the	the	DET
ajfa-13719	159	60	necessary	necessary	ADJ
ajfa-13719	159	61	adjustment	adjustment	NOUN
ajfa-13719	159	62	to	to	PART
ajfa-13719	159	63	correct	correct	VERB
ajfa-13719	159	64	restrictions	restriction	NOUN
ajfa-13719	159	65	of	of	ADP
ajfa-13719	159	66	the	the	DET
ajfa-13719	159	67	model	model	NOUN
ajfa-13719	159	68	.	.	PUNCT
ajfa-13719	160	1	multi	multi	ADJ
ajfa-13719	160	2	-	-	ADJ
ajfa-13719	160	3	collinear	collinear	ADJ
ajfa-13719	160	4	test	test	NOUN
ajfa-13719	160	5	:	:	PUNCT
ajfa-13719	160	6	to	to	PART
ajfa-13719	160	7	detect	detect	VERB
ajfa-13719	160	8	the	the	DET
ajfa-13719	160	9	multi	multi	NOUN
ajfa-13719	160	10	-	-	NOUN
ajfa-13719	160	11	collinearity	collinearity	NOUN
ajfa-13719	160	12	in	in	ADP
ajfa-13719	160	13	the	the	DET
ajfa-13719	160	14	model	model	NOUN
ajfa-13719	160	15	,	,	PUNCT
ajfa-13719	160	16	the	the	DET
ajfa-13719	160	17	author	author	NOUN
ajfa-13719	160	18	uses	use	VERB
ajfa-13719	160	19	the	the	DET
ajfa-13719	160	20	variance	variance	NOUN
ajfa-13719	160	21	inflation	inflation	NOUN
ajfa-13719	160	22	factor	factor	NOUN
ajfa-13719	160	23	(	(	PUNCT
ajfa-13719	160	24	vif	vif	PROPN
ajfa-13719	160	25	)	)	PUNCT
ajfa-13719	160	26	.	.	PUNCT
ajfa-13719	161	1	as	as	ADP
ajfa-13719	161	2	a	a	DET
ajfa-13719	161	3	result	result	NOUN
ajfa-13719	161	4	,	,	PUNCT
ajfa-13719	161	5	the	the	DET
ajfa-13719	161	6	vif	vif	NOUN
ajfa-13719	161	7	of	of	ADP
ajfa-13719	161	8	the	the	DET
ajfa-13719	161	9	variables	variable	NOUN
ajfa-13719	161	10	are	be	AUX
ajfa-13719	161	11	less	less	ADJ
ajfa-13719	161	12	than	than	ADP
ajfa-13719	161	13	2	2	NUM
ajfa-13719	161	14	,	,	PUNCT
ajfa-13719	161	15	indicating	indicate	VERB
ajfa-13719	161	16	that	that	SCONJ
ajfa-13719	161	17	there	there	PRON
ajfa-13719	161	18	are	be	VERB
ajfa-13719	161	19	no	no	DET
ajfa-13719	161	20	multi	multi	NOUN
ajfa-13719	161	21	-	-	NOUN
ajfa-13719	161	22	collinearity	collinearity	NOUN
ajfa-13719	161	23	.	.	PUNCT
ajfa-13719	162	1	doa	doa	PROPN
ajfa-13719	162	2	ros	ros	PROPN
ajfa-13719	162	3	tobin’sq	tobin’sq	PROPN
ajfa-13719	162	4	size	size	NOUN
ajfa-13719	162	5	vif	vif	NOUN
ajfa-13719	162	6	1.08	1.08	NUM
ajfa-13719	162	7	1.018	1.018	NUM
ajfa-13719	162	8	1.029	1.029	NUM
ajfa-13719	162	9	1.12	1.12	NUM
ajfa-13719	162	10	asian	asian	ADJ
ajfa-13719	162	11	journal	journal	NOUN
ajfa-13719	162	12	of	of	ADP
ajfa-13719	162	13	finance	finance	PROPN
ajfa-13719	162	14	&	&	CCONJ
ajfa-13719	162	15	accounting	accounting	PROPN
ajfa-13719	162	16	issn	issn	PROPN
ajfa-13719	162	17	1946	1946	NUM
ajfa-13719	162	18	-	-	PUNCT
ajfa-13719	162	19	052x	052x	NOUN
ajfa-13719	162	20	2018	2018	NUM
ajfa-13719	162	21	,	,	PUNCT
ajfa-13719	162	22	vol	vol	NOUN
ajfa-13719	162	23	.	.	PROPN
ajfa-13719	162	24	10	10	NUM
ajfa-13719	162	25	,	,	PUNCT
ajfa-13719	162	26	no	no	INTJ
ajfa-13719	162	27	.	.	NOUN
ajfa-13719	162	28	2	2	NUM
ajfa-13719	162	29	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	162	30	162	162	NUM
ajfa-13719	162	31	the	the	DET
ajfa-13719	162	32	study	study	NOUN
ajfa-13719	162	33	used	use	VERB
ajfa-13719	162	34	the	the	DET
ajfa-13719	162	35	wooldridge	wooldridge	PROPN
ajfa-13719	162	36	test	test	NOUN
ajfa-13719	162	37	to	to	PART
ajfa-13719	162	38	test	test	VERB
ajfa-13719	162	39	autocorrelation	autocorrelation	NOUN
ajfa-13719	162	40	in	in	ADP
ajfa-13719	162	41	regression	regression	NOUN
ajfa-13719	162	42	models	model	NOUN
ajfa-13719	162	43	and	and	CCONJ
ajfa-13719	162	44	the	the	DET
ajfa-13719	162	45	breusch	breusch	ADJ
ajfa-13719	162	46	-	-	PUNCT
ajfa-13719	162	47	paga	paga	NOUN
ajfa-13719	162	48	method	method	NOUN
ajfa-13719	162	49	to	to	PART
ajfa-13719	162	50	test	test	NOUN
ajfa-13719	162	51	variance	variance	NOUN
ajfa-13719	162	52	change	change	NOUN
ajfa-13719	162	53	.	.	PUNCT
ajfa-13719	163	1	based	base	VERB
ajfa-13719	163	2	on	on	ADP
ajfa-13719	163	3	the	the	DET
ajfa-13719	163	4	results	result	NOUN
ajfa-13719	163	5	in	in	ADP
ajfa-13719	163	6	table	table	NOUN
ajfa-13719	163	7	4	4	NUM
ajfa-13719	163	8	the	the	DET
ajfa-13719	163	9	coefficient	coefficient	NOUN
ajfa-13719	163	10	p	p	NOUN
ajfa-13719	163	11	-	-	PUNCT
ajfa-13719	163	12	value	value	NOUN
ajfa-13719	163	13	<	<	X
ajfa-13719	163	14	α	α	X
ajfa-13719	163	15	=	=	NOUN
ajfa-13719	163	16	0.05	0.05	NUM
ajfa-13719	163	17	.	.	PUNCT
ajfa-13719	164	1	so	so	ADV
ajfa-13719	164	2	assuming	assume	VERB
ajfa-13719	164	3	h0	h0	PROPN
ajfa-13719	164	4	is	be	AUX
ajfa-13719	164	5	rejected	reject	VERB
ajfa-13719	164	6	.	.	PUNCT
ajfa-13719	165	1	the	the	DET
ajfa-13719	165	2	results	result	NOUN
ajfa-13719	165	3	of	of	ADP
ajfa-13719	165	4	the	the	DET
ajfa-13719	165	5	model	model	NOUN
ajfa-13719	165	6	test	test	NOUN
ajfa-13719	165	7	showed	show	VERB
ajfa-13719	165	8	that	that	SCONJ
ajfa-13719	165	9	the	the	DET
ajfa-13719	165	10	p	p	NOUN
ajfa-13719	165	11	-	-	PUNCT
ajfa-13719	165	12	values	value	NOUN
ajfa-13719	165	13	obtained	obtain	VERB
ajfa-13719	165	14	were	be	AUX
ajfa-13719	165	15	0.000	0.000	NUM
ajfa-13719	165	16	<	<	X
ajfa-13719	165	17	α	α	X
ajfa-13719	165	18	(	(	PUNCT
ajfa-13719	165	19	5	5	NUM
ajfa-13719	165	20	%	%	NOUN
ajfa-13719	165	21	)	)	PUNCT
ajfa-13719	165	22	,	,	PUNCT
ajfa-13719	165	23	which	which	PRON
ajfa-13719	165	24	implies	imply	VERB
ajfa-13719	165	25	that	that	SCONJ
ajfa-13719	165	26	h0	h0	NOUN
ajfa-13719	165	27	is	be	AUX
ajfa-13719	165	28	not	not	PART
ajfa-13719	165	29	affected	affect	VERB
ajfa-13719	165	30	by	by	ADP
ajfa-13719	165	31	thevariance	thevariance	NOUN
ajfa-13719	165	32	change	change	NOUN
ajfa-13719	165	33	/	/	SYM
ajfa-13719	165	34	autocorrelation	autocorrelation	NOUN
ajfa-13719	165	35	phenomenon	phenomenon	NOUN
ajfa-13719	165	36	.	.	PUNCT
ajfa-13719	166	1	the	the	DET
ajfa-13719	166	2	model	model	NOUN
ajfa-13719	166	3	is	be	AUX
ajfa-13719	166	4	rejected	reject	VERB
ajfa-13719	166	5	with	with	ADP
ajfa-13719	166	6	a	a	DET
ajfa-13719	166	7	5	5	NUM
ajfa-13719	166	8	%	%	NOUN
ajfa-13719	166	9	significance	significance	NOUN
ajfa-13719	166	10	level	level	NOUN
ajfa-13719	166	11	.	.	PUNCT
ajfa-13719	167	1	after	after	ADP
ajfa-13719	167	2	the	the	DET
ajfa-13719	167	3	regression	regression	NOUN
ajfa-13719	167	4	and	and	CCONJ
ajfa-13719	167	5	validation	validation	NOUN
ajfa-13719	167	6	,	,	PUNCT
ajfa-13719	167	7	selecting	select	VERB
ajfa-13719	167	8	the	the	DET
ajfa-13719	167	9	appropriate	appropriate	ADJ
ajfa-13719	167	10	model	model	NOUN
ajfa-13719	167	11	as	as	ADP
ajfa-13719	167	12	fem	fem	PROPN
ajfa-13719	167	13	,	,	PUNCT
ajfa-13719	167	14	the	the	DET
ajfa-13719	167	15	authors	author	NOUN
ajfa-13719	167	16	overcome	overcome	VERB
ajfa-13719	167	17	the	the	DET
ajfa-13719	167	18	detected	detect	VERB
ajfa-13719	167	19	defects	defect	NOUN
ajfa-13719	167	20	of	of	ADP
ajfa-13719	167	21	the	the	DET
ajfa-13719	167	22	model	model	NOUN
ajfa-13719	167	23	by	by	ADP
ajfa-13719	167	24	using	use	VERB
ajfa-13719	167	25	generalized	generalized	ADJ
ajfa-13719	167	26	least	least	ADJ
ajfa-13719	167	27	squares	square	NOUN
ajfa-13719	167	28	(	(	PUNCT
ajfa-13719	167	29	gls	gls	PROPN
ajfa-13719	167	30	)	)	PUNCT
ajfa-13719	167	31	.	.	PUNCT
ajfa-13719	168	1	the	the	DET
ajfa-13719	168	2	results	result	NOUN
ajfa-13719	168	3	are	be	AUX
ajfa-13719	168	4	presented	present	VERB
ajfa-13719	168	5	in	in	ADP
ajfa-13719	168	6	table	table	NOUN
ajfa-13719	168	7	4	4	NUM
ajfa-13719	168	8	.	.	PUNCT
ajfa-13719	169	1	thus	thus	ADV
ajfa-13719	169	2	,	,	PUNCT
ajfa-13719	169	3	the	the	DET
ajfa-13719	169	4	study	study	NOUN
ajfa-13719	169	5	results	result	NOUN
ajfa-13719	169	6	showed	show	VERB
ajfa-13719	169	7	that	that	SCONJ
ajfa-13719	169	8	all	all	DET
ajfa-13719	169	9	four	four	NUM
ajfa-13719	169	10	independent	independent	ADJ
ajfa-13719	169	11	variables	variable	NOUN
ajfa-13719	169	12	were	be	AUX
ajfa-13719	169	13	statistically	statistically	ADV
ajfa-13719	169	14	significant	significant	ADJ
ajfa-13719	169	15	at	at	ADP
ajfa-13719	169	16	1	1	NUM
ajfa-13719	169	17	%	%	NOUN
ajfa-13719	169	18	significance	significance	NOUN
ajfa-13719	169	19	level	level	NOUN
ajfa-13719	169	20	,	,	PUNCT
ajfa-13719	169	21	in	in	ADP
ajfa-13719	169	22	which	which	PRON
ajfa-13719	169	23	,	,	PUNCT
ajfa-13719	169	24	financial	financial	ADJ
ajfa-13719	169	25	leverage	leverage	NOUN
ajfa-13719	169	26	and	and	CCONJ
ajfa-13719	169	27	profitability	profitability	NOUN
ajfa-13719	169	28	have	have	VERB
ajfa-13719	169	29	the	the	DET
ajfa-13719	169	30	positive	positive	ADJ
ajfa-13719	169	31	relationship	relationship	NOUN
ajfa-13719	169	32	with	with	ADP
ajfa-13719	169	33	low	low	ADJ
ajfa-13719	169	34	liquidity	liquidity	NOUN
ajfa-13719	169	35	(	(	PUNCT
ajfa-13719	169	36	zeros	zero	NOUN
ajfa-13719	169	37	)	)	PUNCT
ajfa-13719	169	38	,	,	PUNCT
ajfa-13719	169	39	while	while	SCONJ
ajfa-13719	169	40	the	the	DET
ajfa-13719	169	41	size	size	NOUN
ajfa-13719	169	42	and	and	CCONJ
ajfa-13719	169	43	value	value	NOUN
ajfa-13719	169	44	of	of	ADP
ajfa-13719	169	45	the	the	DET
ajfa-13719	169	46	business	business	NOUN
ajfa-13719	169	47	has	have	VERB
ajfa-13719	169	48	the	the	DET
ajfa-13719	169	49	opposite	opposite	ADJ
ajfa-13719	169	50	relationship	relationship	NOUN
ajfa-13719	169	51	.	.	PUNCT
ajfa-13719	170	1	5.2.2	5.2.2	NUM
ajfa-13719	170	2	models	model	NOUN
ajfa-13719	170	3	with	with	ADP
ajfa-13719	170	4	dependent	dependent	ADJ
ajfa-13719	170	5	variables	variable	NOUN
ajfa-13719	170	6	are	be	AUX
ajfa-13719	170	7	turnover	turnover	NOUN
ajfa-13719	170	8	for	for	ADP
ajfa-13719	170	9	the	the	DET
ajfa-13719	170	10	turnover	turnover	NOUN
ajfa-13719	170	11	dependent	dependent	ADJ
ajfa-13719	170	12	variable	variable	NOUN
ajfa-13719	170	13	(	(	PUNCT
ajfa-13719	170	14	table	table	NOUN
ajfa-13719	170	15	5	5	NUM
ajfa-13719	170	16	)	)	PUNCT
ajfa-13719	170	17	,	,	PUNCT
ajfa-13719	170	18	the	the	DET
ajfa-13719	170	19	hausman	hausman	ADJ
ajfa-13719	170	20	test	test	NOUN
ajfa-13719	170	21	results	result	NOUN
ajfa-13719	170	22	show	show	VERB
ajfa-13719	170	23	that	that	SCONJ
ajfa-13719	170	24	p	p	NOUN
ajfa-13719	170	25	-	-	PUNCT
ajfa-13719	170	26	value	value	NOUN
ajfa-13719	170	27	=	=	NOUN
ajfa-13719	170	28	0.0000	0.0000	NUM
ajfa-13719	170	29	<	<	X
ajfa-13719	170	30	α	α	X
ajfa-13719	170	31	=	=	SYM
ajfa-13719	170	32	5	5	NUM
ajfa-13719	170	33	%	%	NOUN
ajfa-13719	170	34	,	,	PUNCT
ajfa-13719	170	35	thus	thus	ADV
ajfa-13719	170	36	sufficient	sufficient	ADJ
ajfa-13719	170	37	basis	basis	NOUN
ajfa-13719	170	38	for	for	ADP
ajfa-13719	170	39	the	the	DET
ajfa-13719	170	40	fixed	fix	VERB
ajfa-13719	170	41	-	-	PUNCT
ajfa-13719	170	42	effect	effect	NOUN
ajfa-13719	170	43	estimation	estimation	NOUN
ajfa-13719	170	44	(	(	PUNCT
ajfa-13719	170	45	fem	fem	NOUN
ajfa-13719	170	46	)	)	PUNCT
ajfa-13719	170	47	.	.	PUNCT
ajfa-13719	171	1	through	through	ADP
ajfa-13719	171	2	the	the	DET
ajfa-13719	171	3	test	test	NOUN
ajfa-13719	171	4	run	run	NOUN
ajfa-13719	171	5	method	method	NOUN
ajfa-13719	171	6	,	,	PUNCT
ajfa-13719	171	7	the	the	DET
ajfa-13719	171	8	fe	fe	NOUN
ajfa-13719	171	9	model	model	NOUN
ajfa-13719	171	10	is	be	AUX
ajfa-13719	171	11	the	the	DET
ajfa-13719	171	12	best	good	ADJ
ajfa-13719	171	13	model	model	NOUN
ajfa-13719	171	14	chosen	choose	VERB
ajfa-13719	171	15	.	.	PUNCT
ajfa-13719	172	1	the	the	DET
ajfa-13719	172	2	model	model	NOUN
ajfa-13719	172	3	also	also	ADV
ajfa-13719	172	4	applies	apply	VERB
ajfa-13719	172	5	the	the	DET
ajfa-13719	172	6	same	same	ADJ
ajfa-13719	172	7	test	test	NOUN
ajfa-13719	172	8	as	as	ADP
ajfa-13719	172	9	above	above	ADV
ajfa-13719	172	10	:	:	PUNCT
ajfa-13719	172	11	multi	multi	ADJ
ajfa-13719	172	12	-	-	ADJ
ajfa-13719	172	13	collinear	collinear	ADJ
ajfa-13719	172	14	testing	testing	NOUN
ajfa-13719	172	15	(	(	PUNCT
ajfa-13719	172	16	the	the	DET
ajfa-13719	172	17	vif	vif	NOUN
ajfa-13719	172	18	coefficients	coefficient	NOUN
ajfa-13719	172	19	are	be	AUX
ajfa-13719	172	20	less	less	ADJ
ajfa-13719	172	21	than	than	ADP
ajfa-13719	172	22	2	2	NUM
ajfa-13719	172	23	,	,	PUNCT
ajfa-13719	172	24	indicating	indicate	VERB
ajfa-13719	172	25	no	no	DET
ajfa-13719	172	26	existence	existence	NOUN
ajfa-13719	172	27	of	of	ADP
ajfa-13719	172	28	multi	multi	NOUN
ajfa-13719	172	29	-	-	NOUN
ajfa-13719	172	30	collinearity	collinearity	NOUN
ajfa-13719	172	31	)	)	PUNCT
ajfa-13719	172	32	as	as	ADP
ajfa-13719	172	33	folows	folow	NOUN
ajfa-13719	172	34	:	:	PUNCT
ajfa-13719	172	35	doa	doa	PROPN
ajfa-13719	172	36	ros	ros	PROPN
ajfa-13719	172	37	tobin’sq	tobin’sq	PROPN
ajfa-13719	172	38	size	size	NOUN
ajfa-13719	172	39	vif	vif	NOUN
ajfa-13719	172	40	1.13	1.13	NUM
ajfa-13719	172	41	1.01	1.01	NUM
ajfa-13719	172	42	1.07	1.07	NUM
ajfa-13719	172	43	1.19	1.19	NUM
ajfa-13719	172	44	the	the	DET
ajfa-13719	172	45	variance	variance	NOUN
ajfa-13719	172	46	change	change	NOUN
ajfa-13719	172	47	and	and	CCONJ
ajfa-13719	172	48	the	the	DET
ajfa-13719	172	49	self	self	NOUN
ajfa-13719	172	50	-	-	PUNCT
ajfa-13719	172	51	correlation	correlation	NOUN
ajfa-13719	172	52	tests	test	NOUN
ajfa-13719	172	53	showed	show	VERB
ajfa-13719	172	54	that	that	SCONJ
ajfa-13719	172	55	the	the	DET
ajfa-13719	172	56	p	p	NOUN
ajfa-13719	172	57	-	-	PUNCT
ajfa-13719	172	58	values	value	NOUN
ajfa-13719	172	59	obtained	obtain	VERB
ajfa-13719	172	60	were	be	AUX
ajfa-13719	172	61	0.000	0.000	NUM
ajfa-13719	172	62	<	<	X
ajfa-13719	172	63	α	α	X
ajfa-13719	172	64	(	(	PUNCT
ajfa-13719	172	65	5	5	NUM
ajfa-13719	172	66	%	%	NOUN
ajfa-13719	172	67	)	)	PUNCT
ajfa-13719	172	68	,	,	PUNCT
ajfa-13719	172	69	which	which	PRON
ajfa-13719	172	70	implies	imply	VERB
ajfa-13719	172	71	that	that	SCONJ
ajfa-13719	172	72	h0	h0	NOUN
ajfa-13719	172	73	is	be	AUX
ajfa-13719	172	74	not	not	PART
ajfa-13719	172	75	affected	affect	VERB
ajfa-13719	172	76	by	by	ADP
ajfa-13719	172	77	variance	variance	NOUN
ajfa-13719	172	78	change	change	NOUN
ajfa-13719	172	79	.	.	PUNCT
ajfa-13719	173	1	models	model	NOUN
ajfa-13719	173	2	were	be	AUX
ajfa-13719	173	3	rejected	reject	VERB
ajfa-13719	173	4	with	with	ADP
ajfa-13719	173	5	a	a	DET
ajfa-13719	173	6	5	5	NUM
ajfa-13719	173	7	%	%	NOUN
ajfa-13719	173	8	significance	significance	NOUN
ajfa-13719	173	9	level	level	NOUN
ajfa-13719	173	10	.	.	PUNCT
ajfa-13719	174	1	therefore	therefore	ADV
ajfa-13719	174	2	,	,	PUNCT
ajfa-13719	174	3	the	the	DET
ajfa-13719	174	4	authors	author	NOUN
ajfa-13719	174	5	correct	correct	VERB
ajfa-13719	174	6	the	the	DET
ajfa-13719	174	7	defect	defect	NOUN
ajfa-13719	174	8	of	of	ADP
ajfa-13719	174	9	the	the	DET
ajfa-13719	174	10	regression	regression	NOUN
ajfa-13719	174	11	model	model	NOUN
ajfa-13719	174	12	by	by	ADP
ajfa-13719	174	13	gls	gls	PROPN
ajfa-13719	174	14	regression	regression	NOUN
ajfa-13719	174	15	.	.	PUNCT
ajfa-13719	175	1	the	the	DET
ajfa-13719	175	2	results	result	NOUN
ajfa-13719	175	3	of	of	ADP
ajfa-13719	175	4	the	the	DET
ajfa-13719	175	5	study	study	NOUN
ajfa-13719	175	6	(	(	PUNCT
ajfa-13719	175	7	table	table	NOUN
ajfa-13719	175	8	5	5	NUM
ajfa-13719	175	9	)	)	PUNCT
ajfa-13719	175	10	showa	showa	VERB
ajfa-13719	175	11	negative	negative	ADJ
ajfa-13719	175	12	relationship	relationship	NOUN
ajfa-13719	175	13	between	between	ADP
ajfa-13719	175	14	the	the	DET
ajfa-13719	175	15	financial	financial	ADJ
ajfa-13719	175	16	leverage	leverage	NOUN
ajfa-13719	175	17	and	and	CCONJ
ajfa-13719	175	18	the	the	DET
ajfa-13719	175	19	liquidity	liquidity	NOUN
ajfa-13719	175	20	of	of	ADP
ajfa-13719	175	21	the	the	DET
ajfa-13719	175	22	stock	stock	NOUN
ajfa-13719	175	23	,	,	PUNCT
ajfa-13719	175	24	while	while	SCONJ
ajfa-13719	175	25	other	other	ADJ
ajfa-13719	175	26	variables	variable	NOUN
ajfa-13719	175	27	have	have	VERB
ajfa-13719	175	28	a	a	DET
ajfa-13719	175	29	positive	positive	ADJ
ajfa-13719	175	30	relationship	relationship	NOUN
ajfa-13719	175	31	with	with	ADP
ajfa-13719	175	32	stock	stock	NOUN
ajfa-13719	175	33	liquidity	liquidity	NOUN
ajfa-13719	175	34	.	.	PUNCT
ajfa-13719	176	1	asian	asian	ADJ
ajfa-13719	176	2	journal	journal	PROPN
ajfa-13719	176	3	of	of	ADP
ajfa-13719	176	4	finance	finance	PROPN
ajfa-13719	176	5	&	&	CCONJ
ajfa-13719	176	6	accounting	accounting	PROPN
ajfa-13719	176	7	issn	issn	PROPN
ajfa-13719	176	8	1946	1946	NUM
ajfa-13719	176	9	-	-	PUNCT
ajfa-13719	176	10	052x	052x	NOUN
ajfa-13719	176	11	2018	2018	NUM
ajfa-13719	176	12	,	,	PUNCT
ajfa-13719	176	13	vol	vol	NOUN
ajfa-13719	176	14	.	.	PROPN
ajfa-13719	177	1	10	10	NUM
ajfa-13719	177	2	,	,	PUNCT
ajfa-13719	177	3	no	no	INTJ
ajfa-13719	177	4	.	.	NOUN
ajfa-13719	177	5	2	2	NUM
ajfa-13719	177	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	177	7	163	163	NUM
ajfa-13719	177	8	table	table	NOUN
ajfa-13719	177	9	5	5	NUM
ajfa-13719	177	10	.	.	PUNCT
ajfa-13719	178	1	the	the	DET
ajfa-13719	178	2	regression	regression	NOUN
ajfa-13719	178	3	results	result	VERB
ajfa-13719	178	4	with	with	ADP
ajfa-13719	178	5	turnover	turnover	NOUN
ajfa-13719	178	6	as	as	ADP
ajfa-13719	178	7	dependent	dependent	ADJ
ajfa-13719	178	8	variable	variable	ADJ
ajfa-13719	178	9	fem	fem	X
ajfa-13719	178	10	rem	rem	VERB
ajfa-13719	178	11	gls	gls	PROPN
ajfa-13719	178	12	doa	doa	PROPN
ajfa-13719	178	13	-0.0807	-0.0807	PROPN
ajfa-13719	178	14	*	*	PROPN
ajfa-13719	178	15	*	*	PUNCT
ajfa-13719	178	16	*	*	PUNCT
ajfa-13719	178	17	-0.0325	-0.0325	PROPN
ajfa-13719	178	18	*	*	PROPN
ajfa-13719	178	19	*	*	NOUN
ajfa-13719	178	20	-0.0807	-0.0807	NOUN
ajfa-13719	178	21	*	*	PUNCT
ajfa-13719	178	22	*	*	PUNCT
ajfa-13719	178	23	*	*	PUNCT
ajfa-13719	179	1	ros	ros	PROPN
ajfa-13719	179	2	0.0013	0.0013	NUM
ajfa-13719	179	3	*	*	PUNCT
ajfa-13719	179	4	*	*	PUNCT
ajfa-13719	179	5	*	*	PUNCT
ajfa-13719	179	6	0.0011	0.0011	NUM
ajfa-13719	179	7	0.0013	0.0013	NUM
ajfa-13719	179	8	*	*	PUNCT
ajfa-13719	179	9	*	*	PUNCT
ajfa-13719	179	10	*	*	PUNCT
ajfa-13719	179	11	tobinq	tobinq	NOUN
ajfa-13719	179	12	0.0347	0.0347	NOUN
ajfa-13719	179	13	*	*	PUNCT
ajfa-13719	179	14	*	*	PUNCT
ajfa-13719	179	15	*	*	PUNCT
ajfa-13719	179	16	0.0142	0.0142	NUM
ajfa-13719	179	17	*	*	PUNCT
ajfa-13719	179	18	*	*	PUNCT
ajfa-13719	179	19	*	*	PUNCT
ajfa-13719	179	20	0.0347	0.0347	PUNCT
ajfa-13719	179	21	*	*	PUNCT
ajfa-13719	179	22	*	*	PUNCT
ajfa-13719	179	23	*	*	NOUN
ajfa-13719	179	24	size	size	NOUN
ajfa-13719	179	25	0.0262	0.0262	NUM
ajfa-13719	179	26	*	*	PUNCT
ajfa-13719	179	27	*	*	PUNCT
ajfa-13719	179	28	*	*	PUNCT
ajfa-13719	179	29	0.0083	0.0083	NUM
ajfa-13719	179	30	*	*	PUNCT
ajfa-13719	179	31	*	*	PUNCT
ajfa-13719	179	32	*	*	PUNCT
ajfa-13719	179	33	0.0262	0.0262	NUM
ajfa-13719	179	34	*	*	PUNCT
ajfa-13719	179	35	*	*	PUNCT
ajfa-13719	179	36	*	*	PUNCT
ajfa-13719	179	37	_	_	PUNCT
ajfa-13719	179	38	cons	con	NOUN
ajfa-13719	179	39	-0.0777	-0.0777	VERB
ajfa-13719	179	40	n	n	CCONJ
ajfa-13719	179	41	1078	1078	NUM
ajfa-13719	179	42	1078	1078	NUM
ajfa-13719	179	43	1078	1078	NUM
ajfa-13719	179	44	r	r	NOUN
ajfa-13719	179	45	-	-	PUNCT
ajfa-13719	179	46	sq	sq	NUM
ajfa-13719	179	47	0.1067	0.1067	NUM
ajfa-13719	179	48	0.0391	0.0391	NUM
ajfa-13719	179	49	hausman	hausman	ADJ
ajfa-13719	179	50	test	test	NOUN
ajfa-13719	179	51	chisq	chisq	NOUN
ajfa-13719	179	52	=	=	PUNCT
ajfa-13719	180	1	611.65	611.65	NUM
ajfa-13719	180	2	p	p	NOUN
ajfa-13719	180	3	-	-	PUNCT
ajfa-13719	180	4	value	value	NOUN
ajfa-13719	180	5	=	=	SYM
ajfa-13719	180	6	0.0000	0.0000	NUM
ajfa-13719	180	7	breusch	breusch	NOUN
ajfa-13719	180	8	-	-	PUNCT
ajfa-13719	180	9	pagan	pagan	VERB
ajfa-13719	180	10	lm	lm	INTJ
ajfa-13719	180	11	test	test	NOUN
ajfa-13719	180	12	chisq	chisq	NOUN
ajfa-13719	180	13	=	=	PUNCT
ajfa-13719	180	14	17610	17610	NUM
ajfa-13719	180	15	p	p	NOUN
ajfa-13719	180	16	-	-	PUNCT
ajfa-13719	180	17	value	value	NOUN
ajfa-13719	180	18	=	=	SYM
ajfa-13719	180	19	0.0000	0.0000	NUM
ajfa-13719	180	20	breusch	breusch	ADJ
ajfa-13719	180	21	-	-	PUNCT
ajfa-13719	180	22	godfrey/	godfrey/	NUM
ajfa-13719	180	23	wooldridge	wooldridge	PROPN
ajfa-13719	180	24	test	test	NOUN
ajfa-13719	180	25	chisq	chisq	VERB
ajfa-13719	180	26	=	=	PRON
ajfa-13719	180	27	136.66	136.66	NUM
ajfa-13719	180	28	p	p	ADJ
ajfa-13719	180	29	-	-	PUNCT
ajfa-13719	180	30	value	value	NOUN
ajfa-13719	180	31	=	=	SYM
ajfa-13719	180	32	0.0000	0.0000	NUM
ajfa-13719	180	33	breusch	breusch	ADJ
ajfa-13719	180	34	-	-	PUNCT
ajfa-13719	180	35	pagan	pagan	ADJ
ajfa-13719	180	36	test	test	NOUN
ajfa-13719	180	37	bp	bp	PROPN
ajfa-13719	180	38	=	=	SYM
ajfa-13719	181	1	46.718	46.718	NUM
ajfa-13719	181	2	p	p	X
ajfa-13719	181	3	-	-	PUNCT
ajfa-13719	181	4	value	value	NOUN
ajfa-13719	181	5	=	=	NOUN
ajfa-13719	181	6	0.0000	0.0000	NUM
ajfa-13719	181	7	t	t	NOUN
ajfa-13719	181	8	statistics	statistic	NOUN
ajfa-13719	181	9	in	in	ADP
ajfa-13719	181	10	brackets	bracket	NOUN
ajfa-13719	181	11	*	*	PUNCT
ajfa-13719	181	12	p<0.1	p<0.1	NUM
ajfa-13719	181	13	,	,	PUNCT
ajfa-13719	181	14	*	*	PUNCT
ajfa-13719	181	15	*	*	PUNCT
ajfa-13719	181	16	p<0.05	p<0.05	NOUN
ajfa-13719	181	17	,	,	PUNCT
ajfa-13719	181	18	*	*	PUNCT
ajfa-13719	181	19	*	*	PUNCT
ajfa-13719	181	20	*	*	PUNCT
ajfa-13719	181	21	p<0.01	p<0.01	PROPN
ajfa-13719	181	22	source	source	NOUN
ajfa-13719	181	23	:	:	PUNCT
ajfa-13719	181	24	author	author	NOUN
ajfa-13719	181	25	’s	’s	PART
ajfa-13719	181	26	computation	computation	NOUN
ajfa-13719	181	27	using	use	VERB
ajfa-13719	181	28	r	r	NOUN
ajfa-13719	181	29	software	software	NOUN
ajfa-13719	181	30	5.3	5.3	NUM
ajfa-13719	181	31	discussion	discussion	NOUN
ajfa-13719	181	32	of	of	ADP
ajfa-13719	181	33	the	the	DET
ajfa-13719	181	34	research	research	NOUN
ajfa-13719	181	35	results	result	NOUN
ajfa-13719	181	36	from	from	ADP
ajfa-13719	181	37	the	the	DET
ajfa-13719	181	38	two	two	NUM
ajfa-13719	181	39	models	model	NOUN
ajfa-13719	181	40	of	of	ADP
ajfa-13719	181	41	research	research	NOUN
ajfa-13719	181	42	that	that	PRON
ajfa-13719	181	43	have	have	AUX
ajfa-13719	181	44	been	be	AUX
ajfa-13719	181	45	tested	test	VERB
ajfa-13719	181	46	,	,	PUNCT
ajfa-13719	181	47	the	the	DET
ajfa-13719	181	48	authors	author	NOUN
ajfa-13719	181	49	elaborate	elaborate	VERB
ajfa-13719	181	50	some	some	DET
ajfa-13719	181	51	discussions	discussion	NOUN
ajfa-13719	181	52	:	:	PUNCT
ajfa-13719	181	53	•	•	NUM
ajfa-13719	181	54	capital	capital	NOUN
ajfa-13719	181	55	structure	structure	NOUN
ajfa-13719	181	56	factor	factor	NOUN
ajfa-13719	181	57	(	(	PUNCT
ajfa-13719	181	58	represented	represent	VERB
ajfa-13719	181	59	by	by	ADP
ajfa-13719	181	60	financial	financial	ADJ
ajfa-13719	181	61	leverage	leverage	NOUN
ajfa-13719	181	62	doa	doa	PROPN
ajfa-13719	181	63	):	):	PUNCT
ajfa-13719	181	64	doa	doa	PROPN
ajfa-13719	181	65	has	have	VERB
ajfa-13719	181	66	positive	positive	ADJ
ajfa-13719	181	67	relationship	relationship	NOUN
ajfa-13719	181	68	with	with	ADP
ajfa-13719	181	69	stock	stock	NOUN
ajfa-13719	181	70	liquidity	liquidity	NOUN
ajfa-13719	181	71	and	and	CCONJ
ajfa-13719	181	72	negative	negative	ADJ
ajfa-13719	181	73	relationship	relationship	NOUN
ajfa-13719	181	74	with	with	ADP
ajfa-13719	181	75	low	low	ADJ
ajfa-13719	181	76	liquidity	liquidity	NOUN
ajfa-13719	181	77	.	.	PUNCT
ajfa-13719	182	1	this	this	DET
ajfa-13719	182	2	finding	finding	NOUN
ajfa-13719	182	3	is	be	AUX
ajfa-13719	182	4	consistent	consistent	ADJ
ajfa-13719	182	5	with	with	ADP
ajfa-13719	182	6	conclusions	conclusion	NOUN
ajfa-13719	182	7	by	by	ADP
ajfa-13719	182	8	udomsirikul	udomsirikul	PROPN
ajfa-13719	182	9	et	et	PROPN
ajfa-13719	182	10	al	al	PROPN
ajfa-13719	182	11	.	.	PUNCT
ajfa-13719	183	1	(	(	PUNCT
ajfa-13719	183	2	2011	2011	NUM
ajfa-13719	183	3	)	)	PUNCT
ajfa-13719	183	4	,	,	PUNCT
ajfa-13719	183	5	lesmond	lesmond	NOUN
ajfa-13719	183	6	et	et	PROPN
ajfa-13719	183	7	al	al	PROPN
ajfa-13719	183	8	.	.	PUNCT
ajfa-13719	184	1	(	(	PUNCT
ajfa-13719	184	2	2008	2008	NUM
ajfa-13719	184	3	)	)	PUNCT
ajfa-13719	184	4	.	.	PUNCT
ajfa-13719	185	1	•	•	NUM
ajfa-13719	185	2	profitability	profitability	NOUN
ajfa-13719	185	3	:	:	PUNCT
ajfa-13719	185	4	ros	ros	PROPN
ajfa-13719	185	5	has	have	VERB
ajfa-13719	185	6	positive	positive	ADJ
ajfa-13719	185	7	relationship	relationship	NOUN
ajfa-13719	185	8	with	with	ADP
ajfa-13719	185	9	stock	stock	NOUN
ajfa-13719	185	10	liquidity	liquidity	NOUN
ajfa-13719	185	11	and	and	CCONJ
ajfa-13719	185	12	low	low	ADJ
ajfa-13719	185	13	liquidity	liquidity	NOUN
ajfa-13719	185	14	.	.	PUNCT
ajfa-13719	186	1	this	this	DET
ajfa-13719	186	2	result	result	NOUN
ajfa-13719	186	3	shows	show	VERB
ajfa-13719	186	4	that	that	SCONJ
ajfa-13719	186	5	the	the	DET
ajfa-13719	186	6	effect	effect	NOUN
ajfa-13719	186	7	of	of	ADP
ajfa-13719	186	8	ros	ros	PROPN
ajfa-13719	186	9	on	on	ADP
ajfa-13719	186	10	liquidity	liquidity	NOUN
ajfa-13719	186	11	of	of	ADP
ajfa-13719	186	12	stock	stock	NOUN
ajfa-13719	186	13	is	be	AUX
ajfa-13719	186	14	unclear	unclear	ADJ
ajfa-13719	186	15	.	.	PUNCT
ajfa-13719	187	1	profitability	profitability	NOUN
ajfa-13719	187	2	on	on	ADP
ajfa-13719	187	3	one	one	NUM
ajfa-13719	187	4	hand	hand	NOUN
ajfa-13719	187	5	increases	increase	VERB
ajfa-13719	187	6	the	the	DET
ajfa-13719	187	7	stock	stock	NOUN
ajfa-13719	187	8	's	's	PART
ajfa-13719	187	9	liquidity	liquidity	NOUN
ajfa-13719	187	10	,	,	PUNCT
ajfa-13719	187	11	but	but	CCONJ
ajfa-13719	187	12	on	on	ADP
ajfa-13719	187	13	the	the	DET
ajfa-13719	187	14	other	other	ADJ
ajfa-13719	187	15	hand	hand	NOUN
ajfa-13719	187	16	may	may	AUX
ajfa-13719	187	17	increase	increase	VERB
ajfa-13719	187	18	the	the	DET
ajfa-13719	187	19	proportion	proportion	NOUN
ajfa-13719	187	20	of	of	ADP
ajfa-13719	187	21	low	low	ADV
ajfa-13719	187	22	-	-	PUNCT
ajfa-13719	187	23	yielding	yield	VERB
ajfa-13719	187	24	days	day	NOUN
ajfa-13719	187	25	.	.	PUNCT
ajfa-13719	188	1	•	•	NOUN
ajfa-13719	188	2	corporate	corporate	ADJ
ajfa-13719	188	3	value	value	NOUN
ajfa-13719	188	4	factor	factor	NOUN
ajfa-13719	188	5	(	(	PUNCT
ajfa-13719	188	6	tobin	tobin	PROPN
ajfa-13719	188	7	’s	’s	PART
ajfa-13719	188	8	q	q	NOUN
ajfa-13719	188	9	):	):	PUNCT
ajfa-13719	188	10	the	the	DET
ajfa-13719	188	11	value	value	NOUN
ajfa-13719	188	12	of	of	ADP
ajfa-13719	188	13	an	an	DET
ajfa-13719	188	14	enterprise	enterprise	NOUN
ajfa-13719	188	15	is	be	AUX
ajfa-13719	188	16	negatively	negatively	ADV
ajfa-13719	188	17	correlated	correlate	VERB
ajfa-13719	188	18	with	with	ADP
ajfa-13719	188	19	low	low	ADJ
ajfa-13719	188	20	liquidity	liquidity	NOUN
ajfa-13719	188	21	and	and	CCONJ
ajfa-13719	188	22	positively	positively	ADV
ajfa-13719	188	23	correlated	correlate	VERB
ajfa-13719	188	24	with	with	ADP
ajfa-13719	188	25	liquidity	liquidity	NOUN
ajfa-13719	188	26	.	.	PUNCT
ajfa-13719	189	1	this	this	PRON
ajfa-13719	189	2	is	be	AUX
ajfa-13719	189	3	also	also	ADV
ajfa-13719	189	4	the	the	DET
ajfa-13719	189	5	result	result	NOUN
ajfa-13719	189	6	of	of	ADP
ajfa-13719	189	7	allayannis	allayannis	PROPN
ajfa-13719	189	8	&	&	CCONJ
ajfa-13719	189	9	weston	weston	PROPN
ajfa-13719	189	10	(	(	PUNCT
ajfa-13719	189	11	2001	2001	NUM
ajfa-13719	189	12	)	)	PUNCT
ajfa-13719	189	13	.	.	PUNCT
ajfa-13719	190	1	•	•	NUM
ajfa-13719	190	2	size	size	NOUN
ajfa-13719	190	3	:	:	PUNCT
ajfa-13719	190	4	the	the	DET
ajfa-13719	190	5	size	size	NOUN
ajfa-13719	190	6	of	of	ADP
ajfa-13719	190	7	the	the	DET
ajfa-13719	190	8	business	business	NOUN
ajfa-13719	190	9	has	have	VERB
ajfa-13719	190	10	a	a	DET
ajfa-13719	190	11	negative	negative	ADJ
ajfa-13719	190	12	relationship	relationship	NOUN
ajfa-13719	190	13	with	with	ADP
ajfa-13719	190	14	low	low	ADJ
ajfa-13719	190	15	liquidity	liquidity	NOUN
ajfa-13719	190	16	and	and	CCONJ
ajfa-13719	190	17	positive	positive	ADJ
ajfa-13719	190	18	relationship	relationship	NOUN
ajfa-13719	190	19	with	with	ADP
ajfa-13719	190	20	liquidity	liquidity	NOUN
ajfa-13719	190	21	.	.	PUNCT
ajfa-13719	191	1	this	this	DET
ajfa-13719	191	2	result	result	NOUN
ajfa-13719	191	3	is	be	AUX
ajfa-13719	191	4	consistent	consistent	ADJ
ajfa-13719	191	5	with	with	ADP
ajfa-13719	191	6	study	study	NOUN
ajfa-13719	191	7	by	by	ADP
ajfa-13719	191	8	wasfi	wasfi	NOUN
ajfa-13719	191	9	a.	a.	PROPN
ajfa-13719	191	10	al	al	PROPN
ajfa-13719	191	11	salamat	salamat	PROPN
ajfa-13719	191	12	(	(	PUNCT
ajfa-13719	191	13	2016	2016	NUM
ajfa-13719	191	14	)	)	PUNCT
ajfa-13719	191	15	and	and	CCONJ
ajfa-13719	191	16	sedeaq	sedeaq	PROPN
ajfa-13719	191	17	nassar	nassar	PROPN
ajfa-13719	191	18	(	(	PUNCT
ajfa-13719	191	19	2016	2016	NUM
ajfa-13719	191	20	)	)	PUNCT
ajfa-13719	191	21	.	.	PUNCT
ajfa-13719	192	1	asian	asian	ADJ
ajfa-13719	192	2	journal	journal	PROPN
ajfa-13719	192	3	of	of	ADP
ajfa-13719	192	4	finance	finance	PROPN
ajfa-13719	192	5	&	&	CCONJ
ajfa-13719	192	6	accounting	accounting	PROPN
ajfa-13719	192	7	issn	issn	PROPN
ajfa-13719	192	8	1946	1946	NUM
ajfa-13719	192	9	-	-	PUNCT
ajfa-13719	192	10	052x	052x	NOUN
ajfa-13719	192	11	2018	2018	NUM
ajfa-13719	192	12	,	,	PUNCT
ajfa-13719	192	13	vol	vol	NOUN
ajfa-13719	192	14	.	.	PROPN
ajfa-13719	192	15	10	10	NUM
ajfa-13719	192	16	,	,	PUNCT
ajfa-13719	192	17	no	no	INTJ
ajfa-13719	192	18	.	.	NOUN
ajfa-13719	192	19	2	2	NUM
ajfa-13719	192	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	192	21	164	164	NUM
ajfa-13719	192	22	6	6	NUM
ajfa-13719	192	23	.	.	PUNCT
ajfa-13719	193	1	conclusion	conclusion	NOUN
ajfa-13719	193	2	the	the	DET
ajfa-13719	193	3	study	study	NOUN
ajfa-13719	193	4	examined	examine	VERB
ajfa-13719	193	5	the	the	DET
ajfa-13719	193	6	impact	impact	NOUN
ajfa-13719	193	7	of	of	ADP
ajfa-13719	193	8	capital	capital	NOUN
ajfa-13719	193	9	structure	structure	NOUN
ajfa-13719	193	10	on	on	ADP
ajfa-13719	193	11	the	the	DET
ajfa-13719	193	12	liquidity	liquidity	NOUN
ajfa-13719	193	13	of	of	ADP
ajfa-13719	193	14	stocks	stock	NOUN
ajfa-13719	193	15	listed	list	VERB
ajfa-13719	193	16	on	on	ADP
ajfa-13719	193	17	the	the	DET
ajfa-13719	193	18	ho	ho	PROPN
ajfa-13719	193	19	chi	chi	PROPN
ajfa-13719	193	20	minh	minh	PROPN
ajfa-13719	193	21	stock	stock	NOUN
ajfa-13719	193	22	exchange	exchange	NOUN
ajfa-13719	193	23	using	use	VERB
ajfa-13719	193	24	controlled	control	VERB
ajfa-13719	193	25	variables	variable	NOUN
ajfa-13719	193	26	including	include	VERB
ajfa-13719	193	27	size	size	NOUN
ajfa-13719	193	28	,	,	PUNCT
ajfa-13719	193	29	corporate	corporate	ADJ
ajfa-13719	193	30	value	value	NOUN
ajfa-13719	193	31	and	and	CCONJ
ajfa-13719	193	32	profitability	profitability	NOUN
ajfa-13719	193	33	.	.	PUNCT
ajfa-13719	194	1	the	the	DET
ajfa-13719	194	2	results	result	NOUN
ajfa-13719	194	3	show	show	VERB
ajfa-13719	194	4	that	that	SCONJ
ajfa-13719	194	5	the	the	DET
ajfa-13719	194	6	capital	capital	NOUN
ajfa-13719	194	7	structure	structure	NOUN
ajfa-13719	194	8	has	have	VERB
ajfa-13719	194	9	negative	negative	ADJ
ajfa-13719	194	10	impact	impact	NOUN
ajfa-13719	194	11	on	on	ADP
ajfa-13719	194	12	the	the	DET
ajfa-13719	194	13	liquidity	liquidity	NOUN
ajfa-13719	194	14	of	of	ADP
ajfa-13719	194	15	stocks	stock	NOUN
ajfa-13719	194	16	,	,	PUNCT
ajfa-13719	194	17	while	while	SCONJ
ajfa-13719	194	18	the	the	DET
ajfa-13719	194	19	profitability	profitability	NOUN
ajfa-13719	194	20	,	,	PUNCT
ajfa-13719	194	21	size	size	NOUN
ajfa-13719	194	22	and	and	CCONJ
ajfa-13719	194	23	corporate	corporate	ADJ
ajfa-13719	194	24	value	value	NOUN
ajfa-13719	194	25	have	have	VERB
ajfa-13719	194	26	a	a	DET
ajfa-13719	194	27	positive	positive	ADJ
ajfa-13719	194	28	relationship	relationship	NOUN
ajfa-13719	194	29	with	with	ADP
ajfa-13719	194	30	stock	stock	NOUN
ajfa-13719	194	31	liquidity	liquidity	NOUN
ajfa-13719	194	32	.	.	PUNCT
ajfa-13719	195	1	from	from	ADP
ajfa-13719	195	2	the	the	DET
ajfa-13719	195	3	results	result	NOUN
ajfa-13719	195	4	of	of	ADP
ajfa-13719	195	5	the	the	DET
ajfa-13719	195	6	study	study	NOUN
ajfa-13719	195	7	,	,	PUNCT
ajfa-13719	195	8	the	the	DET
ajfa-13719	195	9	authors	author	NOUN
ajfa-13719	195	10	propose	propose	VERB
ajfa-13719	195	11	some	some	PRON
ajfa-13719	195	12	of	of	ADP
ajfa-13719	195	13	the	the	DET
ajfa-13719	195	14	following	follow	VERB
ajfa-13719	195	15	recommendations	recommendation	NOUN
ajfa-13719	195	16	:	:	PUNCT
ajfa-13719	195	17	firstly	firstly	ADV
ajfa-13719	195	18	,	,	PUNCT
ajfa-13719	195	19	the	the	DET
ajfa-13719	195	20	capital	capital	NOUN
ajfa-13719	195	21	structure	structure	NOUN
ajfa-13719	195	22	has	have	VERB
ajfa-13719	195	23	negative	negative	ADJ
ajfa-13719	195	24	impact	impact	NOUN
ajfa-13719	195	25	on	on	ADP
ajfa-13719	195	26	the	the	DET
ajfa-13719	195	27	liquidity	liquidity	NOUN
ajfa-13719	195	28	of	of	ADP
ajfa-13719	195	29	the	the	DET
ajfa-13719	195	30	stock	stock	NOUN
ajfa-13719	195	31	,	,	PUNCT
ajfa-13719	195	32	which	which	PRON
ajfa-13719	195	33	implies	imply	VERB
ajfa-13719	195	34	that	that	SCONJ
ajfa-13719	195	35	the	the	DET
ajfa-13719	195	36	increased	increase	VERB
ajfa-13719	195	37	debt	debt	NOUN
ajfa-13719	195	38	ratio	ratio	NOUN
ajfa-13719	195	39	will	will	AUX
ajfa-13719	195	40	reduce	reduce	VERB
ajfa-13719	195	41	liquidity	liquidity	NOUN
ajfa-13719	195	42	and	and	CCONJ
ajfa-13719	195	43	increase	increase	VERB
ajfa-13719	195	44	numbers	number	NOUN
ajfa-13719	195	45	of	of	ADP
ajfa-13719	195	46	low	low	ADV
ajfa-13719	195	47	-	-	PUNCT
ajfa-13719	195	48	yielding	yield	VERB
ajfa-13719	195	49	transactions	transaction	NOUN
ajfa-13719	195	50	.	.	PUNCT
ajfa-13719	196	1	therefore	therefore	ADV
ajfa-13719	196	2	,	,	PUNCT
ajfa-13719	196	3	businesses	business	NOUN
ajfa-13719	196	4	need	need	VERB
ajfa-13719	196	5	to	to	PART
ajfa-13719	196	6	pay	pay	VERB
ajfa-13719	196	7	attention	attention	NOUN
ajfa-13719	196	8	to	to	ADP
ajfa-13719	196	9	the	the	DET
ajfa-13719	196	10	use	use	NOUN
ajfa-13719	196	11	of	of	ADP
ajfa-13719	196	12	financial	financial	ADJ
ajfa-13719	196	13	leverage	leverage	NOUN
ajfa-13719	196	14	,	,	PUNCT
ajfa-13719	196	15	focusing	focus	VERB
ajfa-13719	196	16	on	on	ADP
ajfa-13719	196	17	the	the	DET
ajfa-13719	196	18	source	source	NOUN
ajfa-13719	196	19	of	of	ADP
ajfa-13719	196	20	equity	equity	NOUN
ajfa-13719	196	21	capital	capital	NOUN
ajfa-13719	196	22	.	.	PUNCT
ajfa-13719	197	1	secondly	secondly	ADV
ajfa-13719	197	2	,	,	PUNCT
ajfa-13719	197	3	profitability	profitability	NOUN
ajfa-13719	197	4	,	,	PUNCT
ajfa-13719	197	5	although	although	SCONJ
ajfa-13719	197	6	has	have	VERB
ajfa-13719	197	7	a	a	DET
ajfa-13719	197	8	positive	positive	ADJ
ajfa-13719	197	9	relationship	relationship	NOUN
ajfa-13719	197	10	with	with	ADP
ajfa-13719	197	11	liquidity	liquidity	NOUN
ajfa-13719	197	12	,	,	PUNCT
ajfa-13719	197	13	also	also	ADV
ajfa-13719	197	14	has	have	VERB
ajfa-13719	197	15	the	the	DET
ajfa-13719	197	16	same	same	ADJ
ajfa-13719	197	17	relationship	relationship	NOUN
ajfa-13719	197	18	with	with	ADP
ajfa-13719	197	19	the	the	DET
ajfa-13719	197	20	low	low	ADJ
ajfa-13719	197	21	liquidity	liquidity	NOUN
ajfa-13719	197	22	.	.	PUNCT
ajfa-13719	198	1	for	for	ADP
ajfa-13719	198	2	vietnam	vietnam	PROPN
ajfa-13719	198	3	's	's	PART
ajfa-13719	198	4	stock	stock	NOUN
ajfa-13719	198	5	market	market	NOUN
ajfa-13719	198	6	,	,	PUNCT
ajfa-13719	198	7	this	this	PRON
ajfa-13719	198	8	is	be	AUX
ajfa-13719	198	9	a	a	DET
ajfa-13719	198	10	phenomenon	phenomenon	NOUN
ajfa-13719	198	11	that	that	PRON
ajfa-13719	198	12	can	can	AUX
ajfa-13719	198	13	be	be	AUX
ajfa-13719	198	14	explained	explain	VERB
ajfa-13719	198	15	by	by	ADP
ajfa-13719	198	16	the	the	DET
ajfa-13719	198	17	fact	fact	NOUN
ajfa-13719	198	18	that	that	SCONJ
ajfa-13719	198	19	investors	investor	NOUN
ajfa-13719	198	20	sometimes	sometimes	ADV
ajfa-13719	198	21	make	make	VERB
ajfa-13719	198	22	decisions	decision	NOUN
ajfa-13719	198	23	not	not	PART
ajfa-13719	198	24	based	base	VERB
ajfa-13719	198	25	entirely	entirely	ADV
ajfa-13719	198	26	on	on	ADP
ajfa-13719	198	27	the	the	DET
ajfa-13719	198	28	profitability	profitability	NOUN
ajfa-13719	198	29	of	of	ADP
ajfa-13719	198	30	the	the	DET
ajfa-13719	198	31	business	business	NOUN
ajfa-13719	198	32	.	.	PUNCT
ajfa-13719	199	1	investment	investment	NOUN
ajfa-13719	199	2	decisions	decision	NOUN
ajfa-13719	199	3	can	can	AUX
ajfa-13719	199	4	be	be	AUX
ajfa-13719	199	5	based	base	VERB
ajfa-13719	199	6	on	on	ADP
ajfa-13719	199	7	non	non	ADJ
ajfa-13719	199	8	-	-	ADJ
ajfa-13719	199	9	financial	financial	ADJ
ajfa-13719	199	10	information	information	NOUN
ajfa-13719	199	11	on	on	ADP
ajfa-13719	199	12	the	the	DET
ajfa-13719	199	13	market	market	NOUN
ajfa-13719	199	14	.	.	PUNCT
ajfa-13719	200	1	thirdly	thirdly	ADV
ajfa-13719	200	2	,	,	PUNCT
ajfa-13719	200	3	the	the	DET
ajfa-13719	200	4	research	research	NOUN
ajfa-13719	200	5	results	result	NOUN
ajfa-13719	200	6	show	show	VERB
ajfa-13719	200	7	that	that	SCONJ
ajfa-13719	200	8	the	the	PRON
ajfa-13719	200	9	higher	high	ADJ
ajfa-13719	200	10	the	the	DET
ajfa-13719	200	11	size	size	NOUN
ajfa-13719	200	12	and	and	CCONJ
ajfa-13719	200	13	value	value	NOUN
ajfa-13719	200	14	of	of	ADP
ajfa-13719	200	15	the	the	DET
ajfa-13719	200	16	business	business	NOUN
ajfa-13719	200	17	,	,	PUNCT
ajfa-13719	200	18	the	the	PRON
ajfa-13719	200	19	greater	great	ADJ
ajfa-13719	200	20	the	the	DET
ajfa-13719	200	21	liquidity	liquidity	NOUN
ajfa-13719	200	22	of	of	ADP
ajfa-13719	200	23	the	the	DET
ajfa-13719	200	24	stock	stock	NOUN
ajfa-13719	200	25	and	and	CCONJ
ajfa-13719	200	26	the	the	DET
ajfa-13719	200	27	lower	low	ADJ
ajfa-13719	200	28	non	non	ADJ
ajfa-13719	200	29	-	-	ADJ
ajfa-13719	200	30	profitable	profitable	ADJ
ajfa-13719	200	31	transactions	transaction	NOUN
ajfa-13719	200	32	.	.	PUNCT
ajfa-13719	201	1	therefore	therefore	ADV
ajfa-13719	201	2	,	,	PUNCT
ajfa-13719	201	3	for	for	ADP
ajfa-13719	201	4	investors	investor	NOUN
ajfa-13719	201	5	,	,	PUNCT
ajfa-13719	201	6	those	those	PRON
ajfa-13719	201	7	are	be	AUX
ajfa-13719	201	8	two	two	NUM
ajfa-13719	201	9	indicators	indicator	NOUN
ajfa-13719	201	10	that	that	PRON
ajfa-13719	201	11	can	can	AUX
ajfa-13719	201	12	be	be	AUX
ajfa-13719	201	13	considered	consider	VERB
ajfa-13719	201	14	when	when	SCONJ
ajfa-13719	201	15	making	make	VERB
ajfa-13719	201	16	decisions	decision	NOUN
ajfa-13719	201	17	to	to	PART
ajfa-13719	201	18	select	select	VERB
ajfa-13719	201	19	priority	priority	NOUN
ajfa-13719	201	20	stocks	stock	NOUN
ajfa-13719	201	21	with	with	ADP
ajfa-13719	201	22	high	high	ADJ
ajfa-13719	201	23	liquidity	liquidity	NOUN
ajfa-13719	201	24	in	in	ADP
ajfa-13719	201	25	the	the	DET
ajfa-13719	201	26	market	market	NOUN
ajfa-13719	201	27	.	.	PUNCT
ajfa-13719	202	1	references	reference	NOUN
ajfa-13719	202	2	amihud	amihud	PROPN
ajfa-13719	202	3	,	,	PUNCT
ajfa-13719	202	4	y	y	PROPN
ajfa-13719	202	5	,	,	PUNCT
ajfa-13719	202	6	(	(	PUNCT
ajfa-13719	202	7	2002	2002	NUM
ajfa-13719	202	8	)	)	PUNCT
ajfa-13719	202	9	.	.	PUNCT
ajfa-13719	203	1	illiquidity	illiquidity	NOUN
ajfa-13719	203	2	and	and	CCONJ
ajfa-13719	203	3	stock	stock	NOUN
ajfa-13719	203	4	returns	return	NOUN
ajfa-13719	203	5	:	:	PUNCT
ajfa-13719	203	6	cross	cross	NOUN
ajfa-13719	203	7	-	-	NOUN
ajfa-13719	203	8	section	section	NOUN
ajfa-13719	203	9	and	and	CCONJ
ajfa-13719	203	10	time	time	NOUN
ajfa-13719	203	11	-	-	PUNCT
ajfa-13719	203	12	series	series	NOUN
ajfa-13719	203	13	.	.	PUNCT
ajfa-13719	204	1	journal	journal	PROPN
ajfa-13719	204	2	of	of	ADP
ajfa-13719	204	3	financial	financial	ADJ
ajfa-13719	204	4	markets	market	NOUN
ajfa-13719	204	5	,	,	PUNCT
ajfa-13719	204	6	5(1	5(1	NUM
ajfa-13719	204	7	)	)	PUNCT
ajfa-13719	204	8	,	,	PUNCT
ajfa-13719	204	9	31	31	NUM
ajfa-13719	204	10	-	-	SYM
ajfa-13719	204	11	56	56	NUM
ajfa-13719	204	12	.	.	PUNCT
ajfa-13719	205	1	https://doi.org/10.1016/s1386-4181(01)00024-6	https://doi.org/10.1016/s1386-4181(01)00024-6	PROPN
ajfa-13719	205	2	albert	albert	PROPN
ajfa-13719	205	3	s.	s.	PROPN
ajfa-13719	205	4	kyle	kyle	PROPN
ajfa-13719	205	5	(	(	PUNCT
ajfa-13719	205	6	1985	1985	NUM
ajfa-13719	205	7	)	)	PUNCT
ajfa-13719	205	8	.	.	PUNCT
ajfa-13719	206	1	continuous	continuous	ADJ
ajfa-13719	206	2	auctions	auction	NOUN
ajfa-13719	206	3	and	and	CCONJ
ajfa-13719	206	4	insider	insider	NOUN
ajfa-13719	206	5	trading	trading	NOUN
ajfa-13719	206	6	.	.	PUNCT
ajfa-13719	207	1	econometrica	econometrica	PROPN
ajfa-13719	207	2	,	,	PUNCT
ajfa-13719	207	3	53(6	53(6	PROPN
ajfa-13719	207	4	)	)	PUNCT
ajfa-13719	207	5	,	,	PUNCT
ajfa-13719	207	6	1315	1315	NUM
ajfa-13719	207	7	-	-	SYM
ajfa-13719	207	8	1335	1335	NUM
ajfa-13719	207	9	.	.	PUNCT
ajfa-13719	208	1	https://doi.org/10.2307/1913210	https://doi.org/10.2307/1913210	NOUN
ajfa-13719	208	2	allayannis	allayannis	NOUN
ajfa-13719	208	3	,	,	PUNCT
ajfa-13719	208	4	g.	g.	PROPN
ajfa-13719	208	5	,	,	PUNCT
ajfa-13719	208	6	&	&	CCONJ
ajfa-13719	208	7	weston	weston	PROPN
ajfa-13719	208	8	,	,	PUNCT
ajfa-13719	208	9	j.	j.	PROPN
ajfa-13719	208	10	p.	p.	PROPN
ajfa-13719	208	11	(	(	PUNCT
ajfa-13719	208	12	2001	2001	NUM
ajfa-13719	208	13	)	)	PUNCT
ajfa-13719	208	14	.	.	PUNCT
ajfa-13719	209	1	the	the	DET
ajfa-13719	209	2	use	use	NOUN
ajfa-13719	209	3	of	of	ADP
ajfa-13719	209	4	foreign	foreign	ADJ
ajfa-13719	209	5	currency	currency	NOUN
ajfa-13719	209	6	derivatives	derivative	NOUN
ajfa-13719	209	7	and	and	CCONJ
ajfa-13719	209	8	firm	firm	ADJ
ajfa-13719	209	9	market	market	NOUN
ajfa-13719	209	10	value.the	value.the	DET
ajfa-13719	209	11	review	review	NOUN
ajfa-13719	209	12	of	of	ADP
ajfa-13719	209	13	financial	financial	ADJ
ajfa-13719	209	14	studies	study	NOUN
ajfa-13719	209	15	,	,	PUNCT
ajfa-13719	209	16	14(1	14(1	NUM
ajfa-13719	209	17	)	)	PUNCT
ajfa-13719	209	18	,	,	PUNCT
ajfa-13719	209	19	243	243	NUM
ajfa-13719	209	20	-	-	SYM
ajfa-13719	209	21	276	276	NUM
ajfa-13719	209	22	.	.	PUNCT
ajfa-13719	210	1	https://doi.org/10.1093/rfs/14.1.243	https://doi.org/10.1093/rfs/14.1.243	PROPN
ajfa-13719	210	2	đặng	đặng	PROPN
ajfa-13719	210	3	thị	thị	PROPN
ajfa-13719	210	4	phương	phương	PROPN
ajfa-13719	210	5	(	(	PUNCT
ajfa-13719	210	6	2012	2012	NUM
ajfa-13719	210	7	)	)	PUNCT
ajfa-13719	210	8	.	.	PUNCT
ajfa-13719	211	1	tính	tính	PROPN
ajfa-13719	211	2	thanh	thanh	PROPN
ajfa-13719	211	3	khoản	khoản	PROPN
ajfa-13719	211	4	cổ	cổ	ADV
ajfa-13719	211	5	phiếu	phiếu	PROPN
ajfa-13719	211	6	và	và	PROPN
ajfa-13719	211	7	cấu	cấu	PROPN
ajfa-13719	211	8	trúc	trúc	PROPN
ajfa-13719	211	9	vốn	vốn	INTJ
ajfa-13719	211	10	của	của	NOUN
ajfa-13719	211	11	các	các	PROPN
ajfa-13719	211	12	công	công	PROPN
ajfa-13719	211	13	ty	ty	INTJ
ajfa-13719	211	14	niêm	niêm	VERB
ajfa-13719	211	15	yết	yết	PROPN
ajfa-13719	211	16	trên	trên	PROPN
ajfa-13719	211	17	sở	sở	PROPN
ajfa-13719	211	18	giao	giao	PROPN
ajfa-13719	211	19	dịch	dịch	PROPN
ajfa-13719	211	20	chứng	chứng	PROPN
ajfa-13719	211	21	khoán	khoán	PROPN
ajfa-13719	211	22	thành	thành	PROPN
ajfa-13719	211	23	phố	phố	PROPN
ajfa-13719	211	24	hồ	hồ	PROPN
ajfa-13719	211	25	chí	chí	PROPN
ajfa-13719	211	26	minh	minh	PROPN
ajfa-13719	211	27	.	.	PUNCT
ajfa-13719	212	1	luận	luận	PROPN
ajfa-13719	212	2	văn	văn	PROPN
ajfa-13719	212	3	thạc	thạc	VERB
ajfa-13719	212	4	sĩ	sĩ	PROPN
ajfa-13719	212	5	kinh	kinh	NOUN
ajfa-13719	212	6	tế	tế	NOUN
ajfa-13719	212	7	trườngđại	trườngđại	NOUN
ajfa-13719	212	8	học	học	PROPN
ajfa-13719	212	9	kinh	kinh	PROPN
ajfa-13719	212	10	tế	tế	PROPN
ajfa-13719	212	11	thành	thành	ADJ
ajfa-13719	212	12	phố	phố	PROPN
ajfa-13719	212	13	hồ	hồ	PROPN
ajfa-13719	212	14	chí	chí	PROPN
ajfa-13719	212	15	minh	minh	PROPN
ajfa-13719	212	16	.	.	PUNCT
ajfa-13719	213	1	frieder	frieder	PROPN
ajfa-13719	213	2	,	,	PUNCT
ajfa-13719	213	3	l.	l.	PROPN
ajfa-13719	213	4	and	and	CCONJ
ajfa-13719	213	5	r.	r.	PROPN
ajfa-13719	213	6	martell	martell	PROPN
ajfa-13719	213	7	,	,	PUNCT
ajfa-13719	213	8	2006	2006	NUM
ajfa-13719	213	9	.	.	PUNCT
ajfa-13719	214	1	on	on	ADP
ajfa-13719	214	2	capital	capital	NOUN
ajfa-13719	214	3	structure	structure	NOUN
ajfa-13719	214	4	and	and	CCONJ
ajfa-13719	214	5	the	the	DET
ajfa-13719	214	6	liquidity	liquidity	NOUN
ajfa-13719	214	7	of	of	ADP
ajfa-13719	214	8	a	a	DET
ajfa-13719	214	9	firm	firm	NOUN
ajfa-13719	214	10	’s	’s	PART
ajfa-13719	214	11	stock	stock	NOUN
ajfa-13719	214	12	.	.	PUNCT
ajfa-13719	215	1	working	work	VERB
ajfa-13719	215	2	paper	paper	NOUN
ajfa-13719	215	3	,	,	PUNCT
ajfa-13719	215	4	purdue	purdue	PROPN
ajfa-13719	215	5	university	university	NOUN
ajfa-13719	215	6	.	.	PUNCT
ajfa-13719	216	1	http://dx.doi.org/10.2139/ssrn.880421	http://dx.doi.org/10.2139/ssrn.880421	PROPN
ajfa-13719	216	2	hansen	hansen	PROPN
ajfa-13719	216	3	,	,	PUNCT
ajfa-13719	216	4	s.	s.	PROPN
ajfa-13719	216	5	,	,	PUNCT
ajfa-13719	216	6	&	&	CCONJ
ajfa-13719	216	7	sungsuk	sungsuk	PROPN
ajfa-13719	216	8	,	,	PUNCT
ajfa-13719	216	9	k.	k.	PROPN
ajfa-13719	216	10	(	(	PUNCT
ajfa-13719	216	11	2013	2013	NUM
ajfa-13719	216	12	)	)	PUNCT
ajfa-13719	216	13	.	.	PUNCT
ajfa-13719	217	1	influence	influence	NOUN
ajfa-13719	217	2	of	of	ADP
ajfa-13719	217	3	stock	stock	NOUN
ajfa-13719	217	4	liquidity	liquidity	NOUN
ajfa-13719	217	5	to	to	ADP
ajfa-13719	217	6	firm	firm	ADJ
ajfa-13719	217	7	value	value	NOUN
ajfa-13719	217	8	in	in	ADP
ajfa-13719	217	9	indonesian	indonesian	ADJ
ajfa-13719	217	10	stock	stock	NOUN
ajfa-13719	217	11	market	market	NOUN
ajfa-13719	217	12	.	.	PUNCT
ajfa-13719	218	1	the	the	DET
ajfa-13719	218	2	2013	2013	NUM
ajfa-13719	218	3	ibea	ibea	NOUN
ajfa-13719	218	4	,	,	PUNCT
ajfa-13719	218	5	international	international	ADJ
ajfa-13719	218	6	conference	conference	NOUN
ajfa-13719	218	7	on	on	ADP
ajfa-13719	218	8	business	business	NOUN
ajfa-13719	218	9	,	,	PUNCT
ajfa-13719	218	10	economics	economic	NOUN
ajfa-13719	218	11	,	,	PUNCT
ajfa-13719	218	12	and	and	CCONJ
ajfa-13719	218	13	accounting	accounting	NOUN
ajfa-13719	218	14	,	,	PUNCT
ajfa-13719	218	15	20	20	NUM
ajfa-13719	218	16	-	-	SYM
ajfa-13719	218	17	23	23	NUM
ajfa-13719	218	18	march	march	NOUN
ajfa-13719	218	19	2013	2013	NUM
ajfa-13719	218	20	,	,	PUNCT
ajfa-13719	218	21	bangkok	bangkok	PROPN
ajfa-13719	218	22	–	–	PUNCT
ajfa-13719	218	23	thailand	thailand	PROPN
ajfa-13719	218	24	.	.	PUNCT
ajfa-13719	219	1	asian	asian	PROPN
ajfa-13719	219	2	journal	journal	PROPN
ajfa-13719	219	3	of	of	ADP
ajfa-13719	219	4	finance	finance	PROPN
ajfa-13719	219	5	&	&	CCONJ
ajfa-13719	219	6	accounting	accounting	PROPN
ajfa-13719	219	7	issn	issn	PROPN
ajfa-13719	219	8	1946	1946	NUM
ajfa-13719	219	9	-	-	PUNCT
ajfa-13719	219	10	052x	052x	NOUN
ajfa-13719	219	11	2018	2018	NUM
ajfa-13719	219	12	,	,	PUNCT
ajfa-13719	219	13	vol	vol	NOUN
ajfa-13719	219	14	.	.	PROPN
ajfa-13719	220	1	10	10	NUM
ajfa-13719	220	2	,	,	PUNCT
ajfa-13719	220	3	no	no	INTJ
ajfa-13719	220	4	.	.	NOUN
ajfa-13719	220	5	2	2	NUM
ajfa-13719	220	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-13719	220	7	165	165	NUM
ajfa-13719	220	8	jensen	jensen	PROPN
ajfa-13719	220	9	,	,	PUNCT
ajfa-13719	220	10	m.	m.	PROPN
ajfa-13719	220	11	c.	c.	PROPN
ajfa-13719	220	12	(	(	PUNCT
ajfa-13719	220	13	1986	1986	NUM
ajfa-13719	220	14	)	)	PUNCT
ajfa-13719	220	15	.	.	PUNCT
ajfa-13719	221	1	agency	agency	NOUN
ajfa-13719	221	2	costs	cost	NOUN
ajfa-13719	221	3	of	of	ADP
ajfa-13719	221	4	free	free	ADJ
ajfa-13719	221	5	cash	cash	NOUN
ajfa-13719	221	6	flow	flow	NOUN
ajfa-13719	221	7	,	,	PUNCT
ajfa-13719	221	8	corporate	corporate	ADJ
ajfa-13719	221	9	finance	finance	NOUN
ajfa-13719	221	10	,	,	PUNCT
ajfa-13719	221	11	and	and	CCONJ
ajfa-13719	221	12	takeovers	takeover	NOUN
ajfa-13719	221	13	.	.	PUNCT
ajfa-13719	222	1	the	the	DET
ajfa-13719	222	2	american	american	PROPN
ajfa-13719	222	3	economic	economic	PROPN
ajfa-13719	222	4	review	review	PROPN
ajfa-13719	222	5	,	,	PUNCT
ajfa-13719	222	6	76(2	76(2	NUM
ajfa-13719	222	7	)	)	PUNCT
ajfa-13719	222	8	,	,	PUNCT
ajfa-13719	222	9	323	323	NUM
ajfa-13719	222	10	-	-	SYM
ajfa-13719	222	11	329	329	NUM
ajfa-13719	222	12	.	.	PUNCT
ajfa-13719	223	1	http://dx.doi.org/10.2139/ssrn.99580	http://dx.doi.org/10.2139/ssrn.99580	PROPN
ajfa-13719	223	2	jensen	jensen	PROPN
ajfa-13719	223	3	,	,	PUNCT
ajfa-13719	223	4	m.	m.	PROPN
ajfa-13719	223	5	c.	c.	PROPN
ajfa-13719	223	6	,	,	PUNCT
ajfa-13719	223	7	&	&	CCONJ
ajfa-13719	223	8	meckling	meckling	PROPN
ajfa-13719	223	9	,	,	PUNCT
ajfa-13719	223	10	w.	w.	PROPN
ajfa-13719	223	11	h.	h.	PROPN
ajfa-13719	223	12	(	(	PUNCT
ajfa-13719	223	13	1976	1976	NUM
ajfa-13719	223	14	)	)	PUNCT
ajfa-13719	223	15	.	.	PUNCT
ajfa-13719	224	1	theory	theory	NOUN
ajfa-13719	224	2	of	of	ADP
ajfa-13719	224	3	the	the	DET
ajfa-13719	224	4	firm	firm	NOUN
ajfa-13719	224	5	:	:	PUNCT
ajfa-13719	224	6	managerial	managerial	ADJ
ajfa-13719	224	7	behavior	behavior	NOUN
ajfa-13719	224	8	,	,	PUNCT
ajfa-13719	224	9	agency	agency	NOUN
ajfa-13719	224	10	costs	cost	NOUN
ajfa-13719	224	11	and	and	CCONJ
ajfa-13719	224	12	ownership	ownership	NOUN
ajfa-13719	224	13	structure	structure	NOUN
ajfa-13719	224	14	.	.	PUNCT
ajfa-13719	225	1	journal	journal	NOUN
ajfa-13719	225	2	of	of	ADP
ajfa-13719	225	3	financial	financial	ADJ
ajfa-13719	225	4	economics	economic	NOUN
ajfa-13719	225	5	,	,	PUNCT
ajfa-13719	225	6	3(4	3(4	NUM
ajfa-13719	225	7	)	)	PUNCT
ajfa-13719	225	8	,	,	PUNCT
ajfa-13719	225	9	305	305	NUM
ajfa-13719	225	10	-	-	SYM
ajfa-13719	225	11	360	360	NUM
ajfa-13719	225	12	.	.	PUNCT
ajfa-13719	226	1	https://doi.org/10.1016/0304-405x(76)90026-x	https://doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-13719	226	2	lê	lê	PROPN
ajfa-13719	226	3	đạt	đạt	PROPN
ajfa-13719	226	4	chí	chí	PROPN
ajfa-13719	226	5	&	&	CCONJ
ajfa-13719	226	6	hoàng	hoàng	PROPN
ajfa-13719	226	7	thị	thị	PROPN
ajfa-13719	226	8	phương	phương	PROPN
ajfa-13719	226	9	thảo	thảo	PROPN
ajfa-13719	226	10	(	(	PUNCT
ajfa-13719	226	11	2015	2015	NUM
ajfa-13719	226	12	)	)	PUNCT
ajfa-13719	226	13	.	.	PUNCT
ajfa-13719	227	1	tác	tác	PROPN
ajfa-13719	227	2	động	động	PROPN
ajfa-13719	227	3	của	của	PROPN
ajfa-13719	227	4	khủng	khủng	PROPN
ajfa-13719	227	5	hoảng	hoảng	PROPN
ajfa-13719	227	6	tài	tài	PROPN
ajfa-13719	227	7	chính	chính	PROPN
ajfa-13719	227	8	toàn	toàn	PROPN
ajfa-13719	227	9	cầu	cầu	PROPN
ajfa-13719	227	10	lên	lên	PROPN
ajfa-13719	227	11	thanh	thanh	PROPN
ajfa-13719	227	12	khoản	khoản	PROPN
ajfa-13719	227	13	của	của	PROPN
ajfa-13719	227	14	thị	thị	PROPN
ajfa-13719	227	15	trường	trường	PROPN
ajfa-13719	227	16	chứng	chứng	VERB
ajfa-13719	227	17	khoán	khoán	PROPN
ajfa-13719	227	18	việt	việt	PROPN
ajfa-13719	227	19	nam	nam	PROPN
ajfa-13719	227	20	.	.	PROPN
ajfa-13719	228	1	phát	phát	PROPN
ajfa-13719	228	2	triển	triển	PROPN
ajfa-13719	228	3	&	&	CCONJ
ajfa-13719	228	4	hội	hội	PROPN
ajfa-13719	228	5	nhập	nhập	PROPN
ajfa-13719	228	6	,	,	PUNCT
ajfa-13719	228	7	26(36	26(36	NUM
ajfa-13719	228	8	)	)	PUNCT
ajfa-13719	228	9	,	,	PUNCT
ajfa-13719	228	10	53	53	NUM
ajfa-13719	228	11	-	-	SYM
ajfa-13719	228	12	59	59	NUM
ajfa-13719	228	13	.	.	PUNCT
ajfa-13719	229	1	lesmond	lesmond	NOUN
ajfa-13719	229	2	,	,	PUNCT
ajfa-13719	229	3	d	d	NOUN
ajfa-13719	229	4	,	,	PUNCT
ajfa-13719	229	5	a.	a.	NOUN
ajfa-13719	229	6	,	,	PUNCT
ajfa-13719	229	7	&	&	CCONJ
ajfa-13719	229	8	ogden	ogden	PROPN
ajfa-13719	229	9	,	,	PUNCT
ajfa-13719	229	10	j	j	PROPN
ajfa-13719	229	11	,	,	PUNCT
ajfa-13719	229	12	p.	p.	NOUN
ajfa-13719	229	13	,	,	PUNCT
ajfa-13719	229	14	trzcinka	trzcinka	NOUN
ajfa-13719	229	15	,	,	PUNCT
ajfa-13719	229	16	c	c	NOUN
ajfa-13719	229	17	,	,	PUNCT
ajfa-13719	229	18	a	a	PRON
ajfa-13719	229	19	,	,	PUNCT
ajfa-13719	229	20	(	(	PUNCT
ajfa-13719	229	21	1999	1999	NUM
ajfa-13719	229	22	)	)	PUNCT
ajfa-13719	229	23	.	.	PUNCT
ajfa-13719	230	1	a	a	DET
ajfa-13719	230	2	new	new	ADJ
ajfa-13719	230	3	estimate	estimate	NOUN
ajfa-13719	230	4	of	of	ADP
ajfa-13719	230	5	transaction	transaction	NOUN
ajfa-13719	230	6	costs	cost	NOUN
ajfa-13719	230	7	.	.	PUNCT
ajfa-13719	231	1	review	review	NOUN
ajfa-13719	231	2	of	of	ADP
ajfa-13719	231	3	financial	financial	ADJ
ajfa-13719	231	4	studies	study	NOUN
ajfa-13719	231	5	,	,	PUNCT
ajfa-13719	231	6	12(5	12(5	NUM
ajfa-13719	231	7	)	)	PUNCT
ajfa-13719	231	8	,	,	PUNCT
ajfa-13719	231	9	1113	1113	NUM
ajfa-13719	231	10	-	-	SYM
ajfa-13719	231	11	1141	1141	NUM
ajfa-13719	231	12	.	.	PUNCT
ajfa-13719	232	1	https://doi.org/10.1093/rfs/12.5.1113	https://doi.org/10.1093/rfs/12.5.1113	PROPN
ajfa-13719	232	2	lesmond	lesmond	NOUN
ajfa-13719	232	3	,	,	PUNCT
ajfa-13719	232	4	d.	d.	PROPN
ajfa-13719	232	5	a.	a.	PROPN
ajfa-13719	232	6	,	,	PUNCT
ajfa-13719	232	7	o`connor	o`connor	PROPN
ajfa-13719	232	8	,	,	PUNCT
ajfa-13719	232	9	p.	p.	PROPN
ajfa-13719	232	10	f.	f.	PROPN
ajfa-13719	232	11	,	,	PUNCT
ajfa-13719	232	12	&	&	CCONJ
ajfa-13719	232	13	senbet	senbet	PROPN
ajfa-13719	232	14	,	,	PUNCT
ajfa-13719	232	15	l.	l.	PROPN
ajfa-13719	232	16	w.	w.	PROPN
ajfa-13719	232	17	(	(	PUNCT
ajfa-13719	232	18	2008	2008	NUM
ajfa-13719	232	19	)	)	PUNCT
ajfa-13719	232	20	.	.	PUNCT
ajfa-13719	233	1	capital	capital	NOUN
ajfa-13719	233	2	structure	structure	NOUN
ajfa-13719	233	3	and	and	CCONJ
ajfa-13719	233	4	equity	equity	NOUN
ajfa-13719	233	5	liquidity	liquidity	NOUN
ajfa-13719	233	6	.	.	PUNCT
ajfa-13719	234	1	working	work	VERB
ajfa-13719	234	2	paper	paper	NOUN
ajfa-13719	234	3	,	,	PUNCT
ajfa-13719	234	4	tulane	tulane	PROPN
ajfa-13719	234	5	university	university	PROPN
ajfa-13719	234	6	.	.	PUNCT
ajfa-13719	235	1	http://dx.doi.org/10.2139/ssrn.1107660	http://dx.doi.org/10.2139/ssrn.1107660	PROPN
ajfa-13719	235	2	modigliani	modigliani	PROPN
ajfa-13719	235	3	,	,	PUNCT
ajfa-13719	235	4	f.	f.	PROPN
ajfa-13719	235	5	,	,	PUNCT
ajfa-13719	235	6	&	&	CCONJ
ajfa-13719	235	7	miller	miller	PROPN
ajfa-13719	235	8	,	,	PUNCT
ajfa-13719	235	9	m.	m.	NOUN
ajfa-13719	235	10	h.	h.	PROPN
ajfa-13719	235	11	(	(	PUNCT
ajfa-13719	235	12	1958	1958	NUM
ajfa-13719	235	13	)	)	PUNCT
ajfa-13719	235	14	.	.	PUNCT
ajfa-13719	236	1	the	the	DET
ajfa-13719	236	2	cost	cost	NOUN
ajfa-13719	236	3	of	of	ADP
ajfa-13719	236	4	capital	capital	NOUN
ajfa-13719	236	5	,	,	PUNCT
ajfa-13719	236	6	corporation	corporation	NOUN
ajfa-13719	236	7	finance	finance	NOUN
ajfa-13719	236	8	and	and	CCONJ
ajfa-13719	236	9	the	the	DET
ajfa-13719	236	10	theory	theory	NOUN
ajfa-13719	236	11	of	of	ADP
ajfa-13719	236	12	investment	investment	NOUN
ajfa-13719	236	13	.	.	PUNCT
ajfa-13719	237	1	the	the	DET
ajfa-13719	237	2	american	american	PROPN
ajfa-13719	237	3	economic	economic	PROPN
ajfa-13719	237	4	review	review	PROPN
ajfa-13719	237	5	,	,	PUNCT
ajfa-13719	237	6	48(3	48(3	PROPN
ajfa-13719	237	7	)	)	PUNCT
ajfa-13719	237	8	,	,	PUNCT
ajfa-13719	237	9	261	261	NUM
ajfa-13719	237	10	-	-	SYM
ajfa-13719	237	11	297	297	NUM
ajfa-13719	237	12	.	.	PUNCT
ajfa-13719	238	1	modigliani	modigliani	PROPN
ajfa-13719	238	2	,	,	PUNCT
ajfa-13719	238	3	f.	f.	PROPN
ajfa-13719	238	4	,	,	PUNCT
ajfa-13719	238	5	&	&	CCONJ
ajfa-13719	238	6	miller	miller	PROPN
ajfa-13719	238	7	,	,	PUNCT
ajfa-13719	238	8	m.	m.	NOUN
ajfa-13719	238	9	h.	h.	PROPN
ajfa-13719	238	10	(	(	PUNCT
ajfa-13719	238	11	1963	1963	NUM
ajfa-13719	238	12	)	)	PUNCT
ajfa-13719	238	13	.	.	PUNCT
ajfa-13719	239	1	corporate	corporate	ADJ
ajfa-13719	239	2	income	income	NOUN
ajfa-13719	239	3	taxes	taxis	NOUN
ajfa-13719	239	4	and	and	CCONJ
ajfa-13719	239	5	the	the	DET
ajfa-13719	239	6	cost	cost	NOUN
ajfa-13719	239	7	of	of	ADP
ajfa-13719	239	8	capital	capital	NOUN
ajfa-13719	239	9	:	:	PUNCT
ajfa-13719	239	10	a	a	DET
ajfa-13719	239	11	correction	correction	NOUN
ajfa-13719	239	12	.	.	PUNCT
ajfa-13719	240	1	the	the	DET
ajfa-13719	240	2	american	american	PROPN
ajfa-13719	240	3	economic	economic	PROPN
ajfa-13719	240	4	review	review	PROPN
ajfa-13719	240	5	,	,	PUNCT
ajfa-13719	240	6	53(3	53(3	NUM
ajfa-13719	240	7	)	)	PUNCT
ajfa-13719	240	8	,	,	PUNCT
ajfa-13719	240	9	433	433	NUM
ajfa-13719	240	10	-	-	SYM
ajfa-13719	240	11	443	443	NUM
ajfa-13719	240	12	.	.	PUNCT
ajfa-13719	241	1	myers	myers	PROPN
ajfa-13719	241	2	,	,	PUNCT
ajfa-13719	241	3	s.	s.	PROPN
ajfa-13719	241	4	c.	c.	PROPN
ajfa-13719	241	5	,	,	PUNCT
ajfa-13719	241	6	&	&	CCONJ
ajfa-13719	241	7	majluf	majluf	PROPN
ajfa-13719	241	8	,	,	PUNCT
ajfa-13719	241	9	n.	n.	PROPN
ajfa-13719	241	10	s.	s.	PROPN
ajfa-13719	241	11	(	(	PUNCT
ajfa-13719	241	12	1984	1984	NUM
ajfa-13719	241	13	)	)	PUNCT
ajfa-13719	241	14	.	.	PUNCT
ajfa-13719	242	1	corporate	corporate	ADJ
ajfa-13719	242	2	financing	financing	NOUN
ajfa-13719	242	3	and	and	CCONJ
ajfa-13719	242	4	investment	investment	NOUN
ajfa-13719	242	5	decisions	decision	NOUN
ajfa-13719	242	6	when	when	SCONJ
ajfa-13719	242	7	firms	firm	NOUN
ajfa-13719	242	8	have	have	VERB
ajfa-13719	242	9	information	information	NOUN
ajfa-13719	242	10	that	that	SCONJ
ajfa-13719	242	11	investors	investor	NOUN
ajfa-13719	242	12	do	do	AUX
ajfa-13719	242	13	not	not	PART
ajfa-13719	242	14	have	have	VERB
ajfa-13719	242	15	.	.	PUNCT
ajfa-13719	243	1	journal	journal	NOUN
ajfa-13719	243	2	of	of	ADP
ajfa-13719	243	3	financial	financial	ADJ
ajfa-13719	243	4	economics	economic	NOUN
ajfa-13719	243	5	,	,	PUNCT
ajfa-13719	243	6	13(2	13(2	PROPN
ajfa-13719	243	7	)	)	PUNCT
ajfa-13719	243	8	,	,	PUNCT
ajfa-13719	243	9	187	187	NUM
ajfa-13719	243	10	-	-	SYM
ajfa-13719	243	11	221	221	NUM
ajfa-13719	243	12	.	.	PUNCT
ajfa-13719	244	1	https://doi.org/10.1016/0304-405x(84)90023-0	https://doi.org/10.1016/0304-405x(84)90023-0	PROPN
ajfa-13719	244	2	rasanorvaišienė	rasanorvaišienė	VERB
ajfa-13719	244	3	và	và	PROPN
ajfa-13719	244	4	jurgitastankevičienė	jurgitastankevičienė	PROPN
ajfa-13719	244	5	(	(	PUNCT
ajfa-13719	244	6	2014	2014	NUM
ajfa-13719	244	7	)	)	PUNCT
ajfa-13719	244	8	.	.	PUNCT
ajfa-13719	245	1	impact	impact	NOUN
ajfa-13719	245	2	of	of	ADP
ajfa-13719	245	3	companies	company	NOUN
ajfa-13719	245	4	’	'	PUNCT
ajfa-13719	245	5	internal	internal	ADJ
ajfa-13719	245	6	factors	factor	NOUN
ajfa-13719	245	7	on	on	ADP
ajfa-13719	245	8	stock	stock	NOUN
ajfa-13719	245	9	liquidity	liquidity	NOUN
ajfa-13719	245	10	in	in	ADP
ajfa-13719	245	11	baltic	baltic	ADJ
ajfa-13719	245	12	markets	market	NOUN
ajfa-13719	245	13	.	.	PUNCT
ajfa-13719	246	1	social	social	ADJ
ajfa-13719	246	2	and	and	CCONJ
ajfa-13719	246	3	behavioral	behavioral	ADJ
ajfa-13719	246	4	sciences	science	NOUN
ajfa-13719	246	5	,	,	PUNCT
ajfa-13719	246	6	156(2014	156(2014	NUM
ajfa-13719	246	7	)	)	PUNCT
ajfa-13719	246	8	,	,	PUNCT
ajfa-13719	246	9	543	543	NUM
ajfa-13719	246	10	-	-	SYM
ajfa-13719	246	11	547	547	NUM
ajfa-13719	246	12	.	.	PUNCT
ajfa-13719	247	1	https://doi.org/10.1016/j.sbspro.2014.11.237	https://doi.org/10.1016/j.sbspro.2014.11.237	PROPN
ajfa-13719	247	2	robert	robert	PROPN
ajfa-13719	247	3	f.	f.	PROPN
ajfa-13719	247	4	stambaugh	stambaugh	PROPN
ajfa-13719	247	5	,	,	PUNCT
ajfa-13719	247	6	ľuboš	ľuboš	NOUN
ajfa-13719	247	7	pástor	pástor	NOUN
ajfa-13719	247	8	(	(	PUNCT
ajfa-13719	247	9	2002	2002	NUM
ajfa-13719	247	10	)	)	PUNCT
ajfa-13719	247	11	.	.	PUNCT
ajfa-13719	248	1	liquidity	liquidity	NOUN
ajfa-13719	248	2	risk	risk	NOUN
ajfa-13719	248	3	and	and	CCONJ
ajfa-13719	248	4	expected	expect	VERB
ajfa-13719	248	5	stock	stock	NOUN
ajfa-13719	248	6	returns	return	NOUN
ajfa-13719	248	7	.	.	PUNCT
ajfa-13719	249	1	journal	journal	NOUN
ajfa-13719	249	2	of	of	ADP
ajfa-13719	249	3	political	political	ADJ
ajfa-13719	249	4	economy	economy	NOUN
ajfa-13719	249	5	,	,	PUNCT
ajfa-13719	249	6	111(3	111(3	NUM
ajfa-13719	249	7	)	)	PUNCT
ajfa-13719	249	8	,	,	PUNCT
ajfa-13719	249	9	642	642	NUM
ajfa-13719	249	10	-	-	SYM
ajfa-13719	249	11	685	685	NUM
ajfa-13719	249	12	.	.	PUNCT
ajfa-13719	250	1	http://doi.org/10.1086/374184	http://doi.org/10.1086/374184	NOUN
ajfa-13719	250	2	roll	roll	NOUN
ajfa-13719	250	3	,	,	PUNCT
ajfa-13719	250	4	r.	r.	PROPN
ajfa-13719	250	5	(	(	PUNCT
ajfa-13719	250	6	1984	1984	NUM
ajfa-13719	250	7	)	)	PUNCT
ajfa-13719	250	8	.	.	PUNCT
ajfa-13719	251	1	a	a	DET
ajfa-13719	251	2	simple	simple	ADJ
ajfa-13719	251	3	implicit	implicit	ADJ
ajfa-13719	251	4	measure	measure	NOUN
ajfa-13719	251	5	of	of	ADP
ajfa-13719	251	6	the	the	DET
ajfa-13719	251	7	effective	effective	ADJ
ajfa-13719	251	8	bid	bid	NOUN
ajfa-13719	251	9	-	-	PUNCT
ajfa-13719	251	10	ask	ask	NOUN
ajfa-13719	251	11	spread	spread	NOUN
ajfa-13719	251	12	in	in	ADP
ajfa-13719	251	13	an	an	DET
ajfa-13719	251	14	efficient	efficient	ADJ
ajfa-13719	251	15	market	market	NOUN
ajfa-13719	251	16	.	.	PUNCT
ajfa-13719	252	1	the	the	DET
ajfa-13719	252	2	journal	journal	PROPN
ajfa-13719	252	3	of	of	ADP
ajfa-13719	252	4	finance	finance	NOUN
ajfa-13719	252	5	,	,	PUNCT
ajfa-13719	252	6	39(4	39(4	NOUN
ajfa-13719	252	7	)	)	PUNCT
ajfa-13719	252	8	,	,	PUNCT
ajfa-13719	252	9	1127	1127	NUM
ajfa-13719	252	10	-	-	SYM
ajfa-13719	252	11	1139	1139	NUM
ajfa-13719	252	12	.	.	PUNCT
ajfa-13719	253	1	https://doi.org/10.1111/j.1540-6261.1984.tb03897.x	https://doi.org/10.1111/j.1540-6261.1984.tb03897.x	DET
ajfa-13719	253	2	sedeaq	sedeaq	NOUN
ajfa-13719	253	3	nassar	nassar	PROPN
ajfa-13719	253	4	(	(	PUNCT
ajfa-13719	253	5	2016	2016	NUM
ajfa-13719	253	6	)	)	PUNCT
ajfa-13719	253	7	.	.	PUNCT
ajfa-13719	253	8	investigate	investigate	VERB
ajfa-13719	253	9	the	the	DET
ajfa-13719	253	10	factors	factor	NOUN
ajfa-13719	253	11	affecting	affect	VERB
ajfa-13719	253	12	share	share	NOUN
ajfa-13719	253	13	liquidity	liquidity	NOUN
ajfa-13719	253	14	:	:	PUNCT
ajfa-13719	253	15	evidence	evidence	NOUN
ajfa-13719	253	16	from	from	ADP
ajfa-13719	253	17	istanbul	istanbul	PROPN
ajfa-13719	253	18	stock	stock	PROPN
ajfa-13719	253	19	exchange	exchange	PROPN
ajfa-13719	253	20	(	(	PUNCT
ajfa-13719	253	21	ise	ise	PROPN
ajfa-13719	253	22	)	)	PUNCT
ajfa-13719	253	23	.	.	PUNCT
ajfa-13719	254	1	research	research	NOUN
ajfa-13719	254	2	journal	journal	PROPN
ajfa-13719	254	3	of	of	ADP
ajfa-13719	254	4	finance	finance	NOUN
ajfa-13719	254	5	and	and	CCONJ
ajfa-13719	254	6	accounting	accounting	NOUN
ajfa-13719	254	7	,	,	PUNCT
ajfa-13719	254	8	7(6	7(6	NUM
ajfa-13719	254	9	)	)	PUNCT
ajfa-13719	254	10	,	,	PUNCT
ajfa-13719	254	11	71	71	NUM
ajfa-13719	254	12	-	-	SYM
ajfa-13719	254	13	77	77	NUM
ajfa-13719	254	14	.	.	PUNCT
ajfa-13719	255	1	trang	trang	PROPN
ajfa-13719	255	2	nguyen	nguyen	PROPN
ajfa-13719	255	3	,	,	PUNCT
ajfa-13719	255	4	huu	huu	PROPN
ajfa-13719	255	5	nhan	nhan	PROPN
ajfa-13719	255	6	duong	duong	PROPN
ajfa-13719	255	7	,	,	PUNCT
ajfa-13719	255	8	harminder	harminder	PROPN
ajfa-13719	255	9	singh	singh	PROPN
ajfa-13719	255	10	(	(	PUNCT
ajfa-13719	255	11	2016	2016	NUM
ajfa-13719	255	12	)	)	PUNCT
ajfa-13719	255	13	.	.	PUNCT
ajfa-13719	256	1	stock	stock	NOUN
ajfa-13719	256	2	market	market	NOUN
ajfa-13719	256	3	liquidity	liquidity	NOUN
ajfa-13719	256	4	and	and	CCONJ
ajfa-13719	256	5	firm	firm	ADJ
ajfa-13719	256	6	value	value	NOUN
ajfa-13719	256	7	:	:	PUNCT
ajfa-13719	256	8	an	an	DET
ajfa-13719	256	9	empirical	empirical	ADJ
ajfa-13719	256	10	examination	examination	NOUN
ajfa-13719	256	11	of	of	ADP
ajfa-13719	256	12	the	the	DET
ajfa-13719	256	13	australian	australian	ADJ
ajfa-13719	256	14	market	market	NOUN
ajfa-13719	256	15	.	.	PUNCT
ajfa-13719	257	1	international	international	ADJ
ajfa-13719	257	2	review	review	NOUN
ajfa-13719	257	3	of	of	ADP
ajfa-13719	257	4	finance	finance	NOUN
ajfa-13719	257	5	,	,	PUNCT
ajfa-13719	257	6	16(4	16(4	NUM
ajfa-13719	257	7	)	)	PUNCT
ajfa-13719	257	8	,	,	PUNCT
ajfa-13719	257	9	639	639	NUM
ajfa-13719	257	10	-	-	SYM
ajfa-13719	257	11	646	646	NUM
ajfa-13719	257	12	.	.	PUNCT
ajfa-13719	258	1	http://dx.doi.org/10.1111/irfi.12082	http://dx.doi.org/10.1111/irfi.12082	X
ajfa-13719	259	1	udomsirikul	udomsirikul	PROPN
ajfa-13719	259	2	p.	p.	PROPN
ajfa-13719	259	3	,	,	PUNCT
ajfa-13719	259	4	seksak	seksak	PROPN
ajfa-13719	259	5	j.	j.	PROPN
ajfa-13719	259	6	&	&	CCONJ
ajfa-13719	259	7	pomsil	pomsil	PROPN
ajfa-13719	259	8	j.	j.	PROPN
ajfa-13719	259	9	(	(	PUNCT
ajfa-13719	259	10	2010	2010	NUM
ajfa-13719	259	11	)	)	PUNCT
ajfa-13719	259	12	.	.	PUNCT
ajfa-13719	260	1	liquidity	liquidity	NOUN
ajfa-13719	260	2	and	and	CCONJ
ajfa-13719	260	3	capital	capital	NOUN
ajfa-13719	260	4	structure	structure	NOUN
ajfa-13719	260	5	:	:	PUNCT
ajfa-13719	260	6	the	the	DET
ajfa-13719	260	7	case	case	NOUN
ajfa-13719	260	8	of	of	ADP
ajfa-13719	260	9	thailand	thailand	PROPN
ajfa-13719	260	10	.	.	PUNCT
ajfa-13719	261	1	journal	journal	PROPN
ajfa-13719	261	2	of	of	ADP
ajfa-13719	261	3	multinational	multinational	ADJ
ajfa-13719	261	4	financial	financial	ADJ
ajfa-13719	261	5	management	management	NOUN
ajfa-13719	261	6	,	,	PUNCT
ajfa-13719	261	7	21(2	21(2	NUM
ajfa-13719	261	8	)	)	PUNCT
ajfa-13719	261	9	,	,	PUNCT
ajfa-13719	261	10	106	106	NUM
ajfa-13719	261	11	-	-	SYM
ajfa-13719	261	12	117	117	NUM
ajfa-13719	261	13	.	.	PUNCT
ajfa-13719	262	1	http://dx.doi.org/10.1016/j.mulfin.2010.12.008	http://dx.doi.org/10.1016/j.mulfin.2010.12.008	PROPN
ajfa-13719	262	2	asian	asian	ADJ
ajfa-13719	262	3	journal	journal	NOUN
ajfa-13719	262	4	of	of	ADP
ajfa-13719	262	5	finance	finance	PROPN
ajfa-13719	262	6	&	&	CCONJ
ajfa-13719	262	7	accounting	accounting	PROPN
ajfa-13719	262	8	issn	issn	PROPN
ajfa-13719	262	9	1946	1946	NUM
ajfa-13719	262	10	-	-	PUNCT
ajfa-13719	262	11	052x	052x	NOUN
ajfa-13719	262	12	2018	2018	NUM
ajfa-13719	262	13	,	,	PUNCT
ajfa-13719	262	14	vol	vol	NOUN
ajfa-13719	262	15	.	.	PROPN
ajfa-13719	262	16	10	10	NUM
ajfa-13719	262	17	,	,	PUNCT
ajfa-13719	262	18	no	no	INTJ
ajfa-13719	262	19	.	.	NOUN
ajfa-13719	262	20	2	2	NUM
ajfa-13719	262	21	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-13719	262	22	166	166	NUM
ajfa-13719	262	23	võ	võ	PROPN
ajfa-13719	262	24	xuân	xuân	PROPN
ajfa-13719	262	25	vinh	vinh	PROPN
ajfa-13719	262	26	,	,	PUNCT
ajfa-13719	262	27	trần	trần	PROPN
ajfa-13719	262	28	thị	thị	PROPN
ajfa-13719	262	29	yến	yến	PROPN
ajfa-13719	262	30	duyên	duyên	NOUN
ajfa-13719	262	31	(	(	PUNCT
ajfa-13719	262	32	2015	2015	NUM
ajfa-13719	262	33	)	)	PUNCT
ajfa-13719	262	34	.	.	PUNCT
ajfa-13719	263	1	thanh	thanh	PROPN
ajfa-13719	263	2	khoản	khoản	PROPN
ajfa-13719	263	3	cổ	cổ	ADV
ajfa-13719	263	4	phiếu	phiếu	PROPN
ajfa-13719	263	5	và	và	PROPN
ajfa-13719	263	6	cấu	cấu	PROPN
ajfa-13719	263	7	trúc	trúc	NOUN
ajfa-13719	263	8	vốn	vốn	INTJ
ajfa-13719	263	9	dn	dn	PROPN
ajfa-13719	263	10	:	:	PUNCT
ajfa-13719	263	11	nghiên	nghiên	VERB
ajfa-13719	263	12	cứu	cứu	PROPN
ajfa-13719	263	13	thực	thực	PROPN
ajfa-13719	263	14	nghiệm	nghiệm	PROPN
ajfa-13719	263	15	trên	trên	PROPN
ajfa-13719	263	16	thị	thị	PROPN
ajfa-13719	263	17	trường	trường	PROPN
ajfa-13719	263	18	chứng	chứng	VERB
ajfa-13719	263	19	khoán	khoán	PROPN
ajfa-13719	263	20	việt	việt	PROPN
ajfa-13719	263	21	nam	nam	PROPN
ajfa-13719	263	22	.	.	PROPN
ajfa-13719	264	1	tạp	tạp	PROPN
ajfa-13719	264	2	chínghiên	chínghiên	NOUN
ajfa-13719	264	3	cứu	cứu	PROPN
ajfa-13719	264	4	kinh	kinh	X
ajfa-13719	264	5	tế	tế	NOUN
ajfa-13719	264	6	,	,	PUNCT
ajfa-13719	264	7	số	số	PROPN
ajfa-13719	264	8	443	443	NUM
ajfa-13719	264	9	-	-	PUNCT
ajfa-13719	264	10	t4/2015	t4/2015	NUM
ajfa-13719	264	11	,	,	PUNCT
ajfa-13719	264	12	33	33	NUM
ajfa-13719	264	13	-	-	SYM
ajfa-13719	264	14	42	42	NUM
ajfa-13719	264	15	.	.	PUNCT
ajfa-13719	265	1	wasfi	wasfi	PROPN
ajfa-13719	265	2	a.	a.	PROPN
ajfa-13719	265	3	al	al	PROPN
ajfa-13719	265	4	salamat	salamat	PROPN
ajfa-13719	265	5	(	(	PUNCT
ajfa-13719	265	6	2016	2016	NUM
ajfa-13719	265	7	)	)	PUNCT
ajfa-13719	265	8	.	.	PUNCT
ajfa-13719	266	1	macroeconomics	macroeconomic	NOUN
ajfa-13719	266	2	,	,	PUNCT
ajfa-13719	266	3	firm	firm	ADJ
ajfa-13719	266	4	-	-	PUNCT
ajfa-13719	266	5	specific	specific	ADJ
ajfa-13719	266	6	factors	factor	NOUN
ajfa-13719	266	7	and	and	CCONJ
ajfa-13719	266	8	stock	stock	NOUN
ajfa-13719	266	9	liquidity	liquidity	NOUN
ajfa-13719	266	10	:	:	PUNCT
ajfa-13719	266	11	an	an	DET
ajfa-13719	266	12	empirical	empirical	ADJ
ajfa-13719	266	13	evidence	evidence	NOUN
ajfa-13719	266	14	from	from	ADP
ajfa-13719	266	15	jordan	jordan	PROPN
ajfa-13719	266	16	.	.	PUNCT
ajfa-13719	267	1	international	international	ADJ
ajfa-13719	267	2	journal	journal	PROPN
ajfa-13719	267	3	of	of	ADP
ajfa-13719	267	4	financial	financial	ADJ
ajfa-13719	267	5	research	research	NOUN
ajfa-13719	267	6	,	,	PUNCT
ajfa-13719	267	7	7(5	7(5	NUM
ajfa-13719	267	8	)	)	PUNCT
ajfa-13719	267	9	,	,	PUNCT
ajfa-13719	267	10	110	110	NUM
ajfa-13719	267	11	-	-	SYM
ajfa-13719	267	12	123	123	NUM
ajfa-13719	267	13	.	.	PUNCT
ajfa-13719	268	1	http://dx.doi.org/10.5430/ijfr.v7n5p110	http://dx.doi.org/10.5430/ijfr.v7n5p110	NOUN