id	sid	tid	token	lemma	pos
ajfa-14202	1	1	microsoft	microsoft	PROPN
ajfa-14202	1	2	word	word	NOUN
ajfa-14202	1	3	14202	14202	NUM
ajfa-14202	1	4	-	-	SYM
ajfa-14202	1	5	51609	51609	NUM
ajfa-14202	1	6	-	-	PUNCT
ajfa-14202	1	7	1	1	NUM
ajfa-14202	1	8	-	-	PUNCT
ajfa-14202	1	9	sm	sm	NOUN
ajfa-14202	1	10	-	-	PUNCT
ajfa-14202	1	11	writer2	writer2	VERB
ajfa-14202	1	12	-	-	ADJ
ajfa-14202	1	13	new	new	ADJ
ajfa-14202	1	14	asian	asian	ADJ
ajfa-14202	1	15	journal	journal	NOUN
ajfa-14202	1	16	of	of	ADP
ajfa-14202	1	17	finance	finance	PROPN
ajfa-14202	1	18	&	&	CCONJ
ajfa-14202	1	19	accounting	accounting	PROPN
ajfa-14202	1	20	issn	issn	PROPN
ajfa-14202	1	21	1946	1946	NUM
ajfa-14202	1	22	-	-	PUNCT
ajfa-14202	1	23	052x	052x	PROPN
ajfa-14202	1	24	2019	2019	NUM
ajfa-14202	1	25	,	,	PUNCT
ajfa-14202	1	26	vol	vol	NOUN
ajfa-14202	1	27	.	.	PROPN
ajfa-14202	1	28	11	11	NUM
ajfa-14202	1	29	,	,	PUNCT
ajfa-14202	1	30	no	no	INTJ
ajfa-14202	1	31	.	.	NOUN
ajfa-14202	1	32	1	1	NUM
ajfa-14202	1	33	41	41	NUM
ajfa-14202	1	34	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	1	35	volatility	volatility	NOUN
ajfa-14202	1	36	estimation	estimation	NOUN
ajfa-14202	1	37	using	use	VERB
ajfa-14202	1	38	symmetric	symmetric	ADJ
ajfa-14202	1	39	and	and	CCONJ
ajfa-14202	1	40	asymmetric	asymmetric	ADJ
ajfa-14202	1	41	models	model	NOUN
ajfa-14202	1	42	in	in	ADP
ajfa-14202	1	43	oil	oil	NOUN
ajfa-14202	1	44	exporting	export	VERB
ajfa-14202	1	45	emerging	emerge	VERB
ajfa-14202	1	46	markets	market	NOUN
ajfa-14202	1	47	dr	dr	PROPN
ajfa-14202	1	48	latha	latha	PROPN
ajfa-14202	1	49	sreeram	sreeram	PROPN
ajfa-14202	1	50	professor	professor	NOUN
ajfa-14202	1	51	,	,	PUNCT
ajfa-14202	1	52	dept	dept	NOUN
ajfa-14202	1	53	of	of	ADP
ajfa-14202	1	54	finance	finance	PROPN
ajfa-14202	1	55	gnvs	gnvs	PROPN
ajfa-14202	1	56	institute	institute	PROPN
ajfa-14202	1	57	of	of	ADP
ajfa-14202	1	58	management	management	PROPN
ajfa-14202	1	59	,	,	PUNCT
ajfa-14202	1	60	india	india	PROPN
ajfa-14202	1	61	tel	tel	PROPN
ajfa-14202	1	62	:	:	PUNCT
ajfa-14202	1	63	91	91	NUM
ajfa-14202	1	64	-	-	PUNCT
ajfa-14202	1	65	98	98	NUM
ajfa-14202	1	66	-	-	PUNCT
ajfa-14202	1	67	3360	3360	NUM
ajfa-14202	1	68	-	-	SYM
ajfa-14202	1	69	9896	9896	NUM
ajfa-14202	1	70	e	e	NOUN
ajfa-14202	1	71	-	-	NOUN
ajfa-14202	1	72	mail	mail	NOUN
ajfa-14202	1	73	:	:	PUNCT
ajfa-14202	1	74	lathamurthy9500@gmail.com	lathamurthy9500@gmail.com	X
ajfa-14202	1	75	received	receive	VERB
ajfa-14202	1	76	:	:	PUNCT
ajfa-14202	1	77	jan	jan	PROPN
ajfa-14202	1	78	.	.	PROPN
ajfa-14202	1	79	9	9	NUM
ajfa-14202	1	80	,	,	PUNCT
ajfa-14202	1	81	2019	2019	NUM
ajfa-14202	1	82	accepted	accept	VERB
ajfa-14202	1	83	:	:	PUNCT
ajfa-14202	1	84	feb	feb	PROPN
ajfa-14202	1	85	.	.	PROPN
ajfa-14202	1	86	24	24	NUM
ajfa-14202	1	87	,	,	PUNCT
ajfa-14202	1	88	2019	2019	NUM
ajfa-14202	1	89	published	publish	VERB
ajfa-14202	1	90	:	:	PUNCT
ajfa-14202	1	91	june	june	PROPN
ajfa-14202	1	92	1	1	NUM
ajfa-14202	1	93	,	,	PUNCT
ajfa-14202	1	94	2019	2019	NUM
ajfa-14202	1	95	doi:10.5296	doi:10.5296	NOUN
ajfa-14202	1	96	/	/	SYM
ajfa-14202	1	97	ajfa.v11i1.14202	ajfa.v11i1.14202	PROPN
ajfa-14202	1	98	url	url	PROPN
ajfa-14202	1	99	:	:	PUNCT
ajfa-14202	1	100	https://doi.org/10.5296/ajfa.v11i1.14202	https://doi.org/10.5296/ajfa.v11i1.14202	PROPN
ajfa-14202	2	1	abstract	abstract	VERB
ajfa-14202	2	2	the	the	DET
ajfa-14202	2	3	study	study	NOUN
ajfa-14202	2	4	empirically	empirically	ADV
ajfa-14202	2	5	investigates	investigate	VERB
ajfa-14202	2	6	the	the	DET
ajfa-14202	2	7	volatility	volatility	NOUN
ajfa-14202	2	8	pattern	pattern	NOUN
ajfa-14202	2	9	of	of	ADP
ajfa-14202	2	10	thirteen	thirteen	NUM
ajfa-14202	2	11	emerging	emerge	VERB
ajfa-14202	2	12	economies	economy	NOUN
ajfa-14202	2	13	which	which	PRON
ajfa-14202	2	14	are	be	AUX
ajfa-14202	2	15	predominantly	predominantly	ADV
ajfa-14202	2	16	oil	oil	NOUN
ajfa-14202	2	17	exporting	export	VERB
ajfa-14202	2	18	countries	country	NOUN
ajfa-14202	2	19	.	.	PUNCT
ajfa-14202	3	1	it	it	PRON
ajfa-14202	3	2	is	be	AUX
ajfa-14202	3	3	based	base	VERB
ajfa-14202	3	4	on	on	ADP
ajfa-14202	3	5	the	the	DET
ajfa-14202	3	6	time	time	NOUN
ajfa-14202	3	7	series	series	PROPN
ajfa-14202	3	8	data	datum	NOUN
ajfa-14202	3	9	which	which	PRON
ajfa-14202	3	10	consists	consist	VERB
ajfa-14202	3	11	of	of	ADP
ajfa-14202	3	12	monthly	monthly	ADJ
ajfa-14202	3	13	closing	closing	NOUN
ajfa-14202	3	14	price	price	NOUN
ajfa-14202	3	15	data	datum	NOUN
ajfa-14202	3	16	of	of	ADP
ajfa-14202	3	17	their	their	PRON
ajfa-14202	3	18	index	index	NOUN
ajfa-14202	3	19	for	for	ADP
ajfa-14202	3	20	a	a	DET
ajfa-14202	3	21	ten	ten	NUM
ajfa-14202	3	22	-	-	PUNCT
ajfa-14202	3	23	year	year	NOUN
ajfa-14202	3	24	period	period	NOUN
ajfa-14202	3	25	from	from	ADP
ajfa-14202	3	26	01	01	NUM
ajfa-14202	3	27	january	january	PROPN
ajfa-14202	3	28	2008	2008	NUM
ajfa-14202	3	29	to	to	ADP
ajfa-14202	3	30	31	31	NUM
ajfa-14202	3	31	december	december	PROPN
ajfa-14202	3	32	2017	2017	NUM
ajfa-14202	3	33	.	.	PUNCT
ajfa-14202	4	1	emerging	emerge	VERB
ajfa-14202	4	2	markets	market	NOUN
ajfa-14202	4	3	are	be	AUX
ajfa-14202	4	4	considered	consider	VERB
ajfa-14202	4	5	as	as	ADP
ajfa-14202	4	6	investment	investment	NOUN
ajfa-14202	4	7	destinations	destination	NOUN
ajfa-14202	4	8	due	due	ADP
ajfa-14202	4	9	to	to	ADP
ajfa-14202	4	10	the	the	DET
ajfa-14202	4	11	presence	presence	NOUN
ajfa-14202	4	12	of	of	ADP
ajfa-14202	4	13	risk	risk	NOUN
ajfa-14202	4	14	premium	premium	NOUN
ajfa-14202	4	15	which	which	PRON
ajfa-14202	4	16	has	have	AUX
ajfa-14202	4	17	made	make	VERB
ajfa-14202	4	18	the	the	DET
ajfa-14202	4	19	stock	stock	NOUN
ajfa-14202	4	20	markets	market	NOUN
ajfa-14202	4	21	of	of	ADP
ajfa-14202	4	22	these	these	DET
ajfa-14202	4	23	countries	country	NOUN
ajfa-14202	4	24	more	more	ADV
ajfa-14202	4	25	volatile	volatile	ADJ
ajfa-14202	4	26	.	.	PUNCT
ajfa-14202	5	1	added	add	VERB
ajfa-14202	5	2	to	to	ADP
ajfa-14202	5	3	this	this	PRON
ajfa-14202	5	4	is	be	AUX
ajfa-14202	5	5	that	that	SCONJ
ajfa-14202	5	6	these	these	DET
ajfa-14202	5	7	countries	country	NOUN
ajfa-14202	5	8	underwent	undergo	VERB
ajfa-14202	5	9	crisis	crisis	NOUN
ajfa-14202	5	10	due	due	ADP
ajfa-14202	5	11	to	to	ADP
ajfa-14202	5	12	the	the	DET
ajfa-14202	5	13	sharp	sharp	ADJ
ajfa-14202	5	14	decline	decline	NOUN
ajfa-14202	5	15	in	in	ADP
ajfa-14202	5	16	crude	crude	ADJ
ajfa-14202	5	17	oil	oil	NOUN
ajfa-14202	5	18	prices	price	NOUN
ajfa-14202	5	19	as	as	SCONJ
ajfa-14202	5	20	they	they	PRON
ajfa-14202	5	21	were	be	AUX
ajfa-14202	5	22	primarily	primarily	ADV
ajfa-14202	5	23	dependent	dependent	ADJ
ajfa-14202	5	24	on	on	ADP
ajfa-14202	5	25	oil	oil	NOUN
ajfa-14202	5	26	exports	export	NOUN
ajfa-14202	5	27	.	.	PUNCT
ajfa-14202	6	1	hence	hence	ADV
ajfa-14202	6	2	it	it	PRON
ajfa-14202	6	3	is	be	AUX
ajfa-14202	6	4	a	a	DET
ajfa-14202	6	5	significant	significant	ADJ
ajfa-14202	6	6	to	to	PART
ajfa-14202	6	7	study	study	VERB
ajfa-14202	6	8	the	the	DET
ajfa-14202	6	9	volatility	volatility	NOUN
ajfa-14202	6	10	behavior	behavior	NOUN
ajfa-14202	6	11	of	of	ADP
ajfa-14202	6	12	these	these	DET
ajfa-14202	6	13	countries	country	NOUN
ajfa-14202	6	14	.	.	PUNCT
ajfa-14202	7	1	the	the	DET
ajfa-14202	7	2	study	study	NOUN
ajfa-14202	7	3	has	have	AUX
ajfa-14202	7	4	been	be	AUX
ajfa-14202	7	5	done	do	VERB
ajfa-14202	7	6	by	by	ADP
ajfa-14202	7	7	employing	employ	VERB
ajfa-14202	7	8	both	both	CCONJ
ajfa-14202	7	9	symmetric	symmetric	ADJ
ajfa-14202	7	10	and	and	CCONJ
ajfa-14202	7	11	asymmetric	asymmetric	ADJ
ajfa-14202	7	12	models	model	NOUN
ajfa-14202	7	13	of	of	ADP
ajfa-14202	7	14	generalized	generalized	ADJ
ajfa-14202	7	15	autoregressive	autoregressive	ADJ
ajfa-14202	7	16	conditional	conditional	ADJ
ajfa-14202	7	17	heteroscedastic	heteroscedastic	ADJ
ajfa-14202	7	18	.	.	PUNCT
ajfa-14202	8	1	as	as	ADP
ajfa-14202	8	2	per	per	ADP
ajfa-14202	8	3	akaike	akaike	ADJ
ajfa-14202	8	4	information	information	NOUN
ajfa-14202	8	5	criterion	criterion	NOUN
ajfa-14202	8	6	(	(	PUNCT
ajfa-14202	8	7	aic	aic	PROPN
ajfa-14202	8	8	)	)	PUNCT
ajfa-14202	8	9	,	,	PUNCT
ajfa-14202	8	10	log	log	NOUN
ajfa-14202	8	11	likelihood	likelihood	NOUN
ajfa-14202	8	12	and	and	CCONJ
ajfa-14202	8	13	schwarz	schwarz	PROPN
ajfa-14202	8	14	information	information	NOUN
ajfa-14202	8	15	criterion	criterion	NOUN
ajfa-14202	8	16	(	(	PUNCT
ajfa-14202	8	17	sic	sic	ADJ
ajfa-14202	8	18	)	)	PUNCT
ajfa-14202	8	19	the	the	DET
ajfa-14202	8	20	study	study	NOUN
ajfa-14202	8	21	provides	provide	VERB
ajfa-14202	8	22	evidence	evidence	NOUN
ajfa-14202	8	23	that	that	SCONJ
ajfa-14202	8	24	garch	garch	NOUN
ajfa-14202	8	25	(	(	PUNCT
ajfa-14202	8	26	1,1	1,1	NUM
ajfa-14202	8	27	)	)	PUNCT
ajfa-14202	8	28	and	and	CCONJ
ajfa-14202	8	29	tgarch(1,1	tgarch(1,1	ADJ
ajfa-14202	8	30	)	)	PUNCT
ajfa-14202	8	31	estimations	estimation	NOUN
ajfa-14202	8	32	are	be	AUX
ajfa-14202	8	33	found	find	VERB
ajfa-14202	8	34	to	to	PART
ajfa-14202	8	35	be	be	AUX
ajfa-14202	8	36	the	the	DET
ajfa-14202	8	37	most	most	ADV
ajfa-14202	8	38	appropriate	appropriate	ADJ
ajfa-14202	8	39	model	model	NOUN
ajfa-14202	8	40	that	that	PRON
ajfa-14202	8	41	fits	fit	VERB
ajfa-14202	8	42	symmetric	symmetric	ADJ
ajfa-14202	8	43	and	and	CCONJ
ajfa-14202	8	44	asymmetric	asymmetric	ADJ
ajfa-14202	8	45	volatility	volatility	NOUN
ajfa-14202	8	46	respectively	respectively	ADV
ajfa-14202	8	47	for	for	ADP
ajfa-14202	8	48	all	all	DET
ajfa-14202	8	49	the	the	DET
ajfa-14202	8	50	thirteen	thirteen	NUM
ajfa-14202	8	51	countries	country	NOUN
ajfa-14202	8	52	.	.	PUNCT
ajfa-14202	9	1	there	there	PRON
ajfa-14202	9	2	was	be	VERB
ajfa-14202	9	3	evidence	evidence	NOUN
ajfa-14202	9	4	of	of	ADP
ajfa-14202	9	5	volatility	volatility	NOUN
ajfa-14202	9	6	clustering	cluster	VERB
ajfa-14202	9	7	and	and	CCONJ
ajfa-14202	9	8	leptokurtic	leptokurtic	ADJ
ajfa-14202	9	9	in	in	ADP
ajfa-14202	9	10	all	all	DET
ajfa-14202	9	11	the	the	DET
ajfa-14202	9	12	countries	country	NOUN
ajfa-14202	9	13	considered	consider	VERB
ajfa-14202	9	14	in	in	ADP
ajfa-14202	9	15	the	the	DET
ajfa-14202	9	16	study	study	NOUN
ajfa-14202	9	17	.	.	PUNCT
ajfa-14202	10	1	while	while	SCONJ
ajfa-14202	10	2	egarch	egarch	NOUN
ajfa-14202	10	3	model	model	NOUN
ajfa-14202	10	4	revealed	reveal	VERB
ajfa-14202	10	5	no	no	DET
ajfa-14202	10	6	support	support	NOUN
ajfa-14202	10	7	of	of	ADP
ajfa-14202	10	8	existence	existence	NOUN
ajfa-14202	10	9	of	of	ADP
ajfa-14202	10	10	leverage	leverage	NOUN
ajfa-14202	10	11	on	on	ADP
ajfa-14202	10	12	the	the	DET
ajfa-14202	10	13	stock	stock	NOUN
ajfa-14202	10	14	returns	return	NOUN
ajfa-14202	10	15	,	,	PUNCT
ajfa-14202	10	16	tgarch	tgarch	NOUN
ajfa-14202	10	17	supported	support	VERB
ajfa-14202	10	18	existence	existence	NOUN
ajfa-14202	10	19	of	of	ADP
ajfa-14202	10	20	leverage	leverage	NOUN
ajfa-14202	10	21	in	in	ADP
ajfa-14202	10	22	case	case	NOUN
ajfa-14202	10	23	of	of	ADP
ajfa-14202	10	24	four	four	NUM
ajfa-14202	10	25	countries	country	NOUN
ajfa-14202	10	26	.	.	PUNCT
ajfa-14202	11	1	the	the	DET
ajfa-14202	11	2	tests	test	NOUN
ajfa-14202	11	3	for	for	ADP
ajfa-14202	11	4	asymmetries	asymmetry	NOUN
ajfa-14202	11	5	in	in	ADP
ajfa-14202	11	6	volatility	volatility	NOUN
ajfa-14202	11	7	indicate	indicate	VERB
ajfa-14202	11	8	the	the	DET
ajfa-14202	11	9	size	size	NOUN
ajfa-14202	11	10	effect	effect	NOUN
ajfa-14202	11	11	of	of	ADP
ajfa-14202	11	12	the	the	DET
ajfa-14202	11	13	news	news	NOUN
ajfa-14202	11	14	,	,	PUNCT
ajfa-14202	11	15	reaffirmed	reaffirm	VERB
ajfa-14202	11	16	through	through	ADP
ajfa-14202	11	17	the	the	DET
ajfa-14202	11	18	results	result	NOUN
ajfa-14202	11	19	of	of	ADP
ajfa-14202	11	20	sign	sign	NOUN
ajfa-14202	11	21	bias	bias	NOUN
ajfa-14202	11	22	tests	test	NOUN
ajfa-14202	11	23	and	and	CCONJ
ajfa-14202	11	24	news	news	NOUN
ajfa-14202	11	25	impact	impact	NOUN
ajfa-14202	11	26	curves	curve	NOUN
ajfa-14202	11	27	,	,	PUNCT
ajfa-14202	11	28	which	which	PRON
ajfa-14202	11	29	indicate	indicate	VERB
ajfa-14202	11	30	that	that	SCONJ
ajfa-14202	11	31	the	the	DET
ajfa-14202	11	32	size	size	NOUN
ajfa-14202	11	33	effect	effect	NOUN
ajfa-14202	11	34	is	be	AUX
ajfa-14202	11	35	stronger	strong	ADJ
ajfa-14202	11	36	for	for	ADP
ajfa-14202	11	37	bad	bad	ADJ
ajfa-14202	11	38	news	news	NOUN
ajfa-14202	11	39	than	than	ADP
ajfa-14202	11	40	the	the	DET
ajfa-14202	11	41	good	good	PROPN
ajfa-14202	11	42	news	news	PROPN
ajfa-14202	11	43	for	for	ADP
ajfa-14202	11	44	countries	country	NOUN
ajfa-14202	11	45	which	which	PRON
ajfa-14202	11	46	supported	support	VERB
ajfa-14202	11	47	existence	existence	NOUN
ajfa-14202	11	48	of	of	ADP
ajfa-14202	11	49	leverage	leverage	NOUN
ajfa-14202	11	50	.	.	PUNCT
ajfa-14202	12	1	keywords	keyword	NOUN
ajfa-14202	12	2	:	:	PUNCT
ajfa-14202	12	3	volatility	volatility	NOUN
ajfa-14202	12	4	modeling	modeling	NOUN
ajfa-14202	12	5	,	,	PUNCT
ajfa-14202	12	6	emerging	emerge	VERB
ajfa-14202	12	7	markets	market	NOUN
ajfa-14202	12	8	,	,	PUNCT
ajfa-14202	12	9	garch	garch	NOUN
ajfa-14202	12	10	,	,	PUNCT
ajfa-14202	12	11	leverage	leverage	NOUN
ajfa-14202	12	12	,	,	PUNCT
ajfa-14202	12	13	heterosedascity	heterosedascity	NOUN
ajfa-14202	12	14	,	,	PUNCT
ajfa-14202	12	15	asymmetry	asymmetry	NOUN
ajfa-14202	12	16	,	,	PUNCT
ajfa-14202	12	17	nic	nic	PROPN
ajfa-14202	12	18	curves	curves	PROPN
ajfa-14202	12	19	jel	jel	PROPN
ajfa-14202	12	20	classification	classification	NOUN
ajfa-14202	12	21	codes	code	NOUN
ajfa-14202	12	22	:	:	PUNCT
ajfa-14202	12	23	c5	c5	PROPN
ajfa-14202	12	24	,	,	PUNCT
ajfa-14202	12	25	c22	c22	PROPN
ajfa-14202	12	26	,	,	PUNCT
ajfa-14202	12	27	c53	c53	NOUN
ajfa-14202	12	28	,	,	PUNCT
ajfa-14202	12	29	g1	g1	PROPN
ajfa-14202	12	30	,	,	PUNCT
ajfa-14202	12	31	g10	g10	PROPN
ajfa-14202	12	32	,	,	PUNCT
ajfa-14202	12	33	g15	g15	PROPN
ajfa-14202	12	34	asian	asian	PROPN
ajfa-14202	12	35	journal	journal	PROPN
ajfa-14202	12	36	of	of	ADP
ajfa-14202	12	37	finance	finance	PROPN
ajfa-14202	12	38	&	&	CCONJ
ajfa-14202	12	39	accounting	accounting	PROPN
ajfa-14202	12	40	issn	issn	PROPN
ajfa-14202	12	41	1946	1946	NUM
ajfa-14202	12	42	-	-	PUNCT
ajfa-14202	12	43	052x	052x	PROPN
ajfa-14202	12	44	2019	2019	NUM
ajfa-14202	12	45	,	,	PUNCT
ajfa-14202	12	46	vol	vol	NOUN
ajfa-14202	12	47	.	.	PROPN
ajfa-14202	12	48	11	11	NUM
ajfa-14202	12	49	,	,	PUNCT
ajfa-14202	12	50	no	no	INTJ
ajfa-14202	12	51	.	.	NOUN
ajfa-14202	12	52	1	1	NUM
ajfa-14202	12	53	42	42	NUM
ajfa-14202	12	54	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	12	55	1	1	NUM
ajfa-14202	12	56	.	.	PUNCT
ajfa-14202	13	1	introduction	introduction	NOUN
ajfa-14202	13	2	some	some	PRON
ajfa-14202	13	3	of	of	ADP
ajfa-14202	13	4	the	the	DET
ajfa-14202	13	5	most	most	ADV
ajfa-14202	13	6	accepted	accept	VERB
ajfa-14202	13	7	univariate	univariate	ADJ
ajfa-14202	13	8	conditional	conditional	ADJ
ajfa-14202	13	9	volatility	volatility	NOUN
ajfa-14202	13	10	models	model	NOUN
ajfa-14202	13	11	are	be	AUX
ajfa-14202	13	12	the	the	DET
ajfa-14202	13	13	generalized	generalize	VERB
ajfa-14202	13	14	autoregressive	autoregressive	ADJ
ajfa-14202	13	15	conditional	conditional	ADJ
ajfa-14202	13	16	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	13	17	(	(	PUNCT
ajfa-14202	13	18	garch	garch	NOUN
ajfa-14202	13	19	)	)	PUNCT
ajfa-14202	13	20	,	,	PUNCT
ajfa-14202	13	21	glosten	glosten	ADJ
ajfa-14202	13	22	,	,	PUNCT
ajfa-14202	13	23	jagannathan	jagannathan	NOUN
ajfa-14202	13	24	and	and	CCONJ
ajfa-14202	13	25	runkle	runkle	ADJ
ajfa-14202	13	26	(	(	PUNCT
ajfa-14202	13	27	gjr	gjr	NOUN
ajfa-14202	13	28	)	)	PUNCT
ajfa-14202	13	29	,	,	PUNCT
ajfa-14202	13	30	threshold	threshold	NOUN
ajfa-14202	13	31	garch	garch	NOUN
ajfa-14202	13	32	model	model	NOUN
ajfa-14202	13	33	(	(	PUNCT
ajfa-14202	13	34	tgarch	tgarch	NOUN
ajfa-14202	13	35	)	)	PUNCT
ajfa-14202	13	36	and	and	CCONJ
ajfa-14202	13	37	exponential	exponential	ADJ
ajfa-14202	13	38	garch	garch	NOUN
ajfa-14202	13	39	(	(	PUNCT
ajfa-14202	13	40	egarch	egarch	NOUN
ajfa-14202	13	41	)	)	PUNCT
ajfa-14202	13	42	model	model	NOUN
ajfa-14202	13	43	.	.	PUNCT
ajfa-14202	14	1	these	these	DET
ajfa-14202	14	2	models	model	NOUN
ajfa-14202	14	3	estimate	estimate	VERB
ajfa-14202	14	4	and	and	CCONJ
ajfa-14202	14	5	forecast	forecast	VERB
ajfa-14202	14	6	volatility	volatility	NOUN
ajfa-14202	14	7	and	and	CCONJ
ajfa-14202	14	8	also	also	ADV
ajfa-14202	14	9	indicate	indicate	VERB
ajfa-14202	14	10	asymmetry	asymmetry	NOUN
ajfa-14202	14	11	,	,	PUNCT
ajfa-14202	14	12	which	which	PRON
ajfa-14202	14	13	implies	imply	VERB
ajfa-14202	14	14	that	that	SCONJ
ajfa-14202	14	15	they	they	PRON
ajfa-14202	14	16	capture	capture	VERB
ajfa-14202	14	17	different	different	ADJ
ajfa-14202	14	18	effects	effect	NOUN
ajfa-14202	14	19	on	on	ADP
ajfa-14202	14	20	conditional	conditional	ADJ
ajfa-14202	14	21	volatility	volatility	NOUN
ajfa-14202	14	22	of	of	ADP
ajfa-14202	14	23	positive	positive	ADJ
ajfa-14202	14	24	and	and	CCONJ
ajfa-14202	14	25	negative	negative	ADJ
ajfa-14202	14	26	effects	effect	NOUN
ajfa-14202	14	27	of	of	ADP
ajfa-14202	14	28	equal	equal	ADJ
ajfa-14202	14	29	magnitude	magnitude	NOUN
ajfa-14202	14	30	.	.	PUNCT
ajfa-14202	15	1	they	they	PRON
ajfa-14202	15	2	indicate	indicate	VERB
ajfa-14202	15	3	the	the	DET
ajfa-14202	15	4	presence	presence	NOUN
ajfa-14202	15	5	of	of	ADP
ajfa-14202	15	6	leverage	leverage	NOUN
ajfa-14202	15	7	which	which	PRON
ajfa-14202	15	8	is	be	AUX
ajfa-14202	15	9	the	the	DET
ajfa-14202	15	10	negative	negative	ADJ
ajfa-14202	15	11	correlation	correlation	NOUN
ajfa-14202	15	12	between	between	ADP
ajfa-14202	15	13	the	the	DET
ajfa-14202	15	14	shocks	shock	NOUN
ajfa-14202	15	15	to	to	ADP
ajfa-14202	15	16	returns	return	NOUN
ajfa-14202	15	17	and	and	CCONJ
ajfa-14202	15	18	subsequent	subsequent	ADJ
ajfa-14202	15	19	shocks	shock	NOUN
ajfa-14202	15	20	to	to	ADP
ajfa-14202	15	21	volatility	volatility	NOUN
ajfa-14202	15	22	.	.	PUNCT
ajfa-14202	16	1	stock	stock	NOUN
ajfa-14202	16	2	market	market	NOUN
ajfa-14202	16	3	volatility	volatility	NOUN
ajfa-14202	16	4	is	be	AUX
ajfa-14202	16	5	a	a	DET
ajfa-14202	16	6	well	well	ADV
ajfa-14202	16	7	-	-	PUNCT
ajfa-14202	16	8	researched	research	VERB
ajfa-14202	16	9	topic	topic	NOUN
ajfa-14202	16	10	as	as	ADP
ajfa-14202	16	11	per	per	ADP
ajfa-14202	16	12	the	the	DET
ajfa-14202	16	13	evidence	evidence	NOUN
ajfa-14202	16	14	of	of	ADP
ajfa-14202	16	15	the	the	DET
ajfa-14202	16	16	empirical	empirical	ADJ
ajfa-14202	16	17	literatures	literature	NOUN
ajfa-14202	16	18	;	;	PUNCT
ajfa-14202	16	19	this	this	DET
ajfa-14202	16	20	paper	paper	NOUN
ajfa-14202	16	21	investigates	investigate	VERB
ajfa-14202	16	22	the	the	DET
ajfa-14202	16	23	possibility	possibility	NOUN
ajfa-14202	16	24	to	to	PART
ajfa-14202	16	25	explore	explore	VERB
ajfa-14202	16	26	new	new	ADJ
ajfa-14202	16	27	information	information	NOUN
ajfa-14202	16	28	on	on	ADP
ajfa-14202	16	29	volatility	volatility	NOUN
ajfa-14202	16	30	pattern	pattern	NOUN
ajfa-14202	16	31	using	use	VERB
ajfa-14202	16	32	the	the	DET
ajfa-14202	16	33	extended	extended	ADJ
ajfa-14202	16	34	garch	garch	NOUN
ajfa-14202	16	35	models	model	NOUN
ajfa-14202	16	36	.	.	PUNCT
ajfa-14202	17	1	the	the	DET
ajfa-14202	17	2	data	datum	NOUN
ajfa-14202	17	3	taken	take	VERB
ajfa-14202	17	4	is	be	AUX
ajfa-14202	17	5	from	from	ADP
ajfa-14202	17	6	the	the	DET
ajfa-14202	17	7	monthly	monthly	ADJ
ajfa-14202	17	8	closing	closing	NOUN
ajfa-14202	17	9	data	datum	NOUN
ajfa-14202	17	10	of	of	ADP
ajfa-14202	17	11	thirteen	thirteen	NUM
ajfa-14202	17	12	emerging	emerge	VERB
ajfa-14202	17	13	markets	market	NOUN
ajfa-14202	17	14	chosen	choose	VERB
ajfa-14202	17	15	on	on	ADP
ajfa-14202	17	16	the	the	DET
ajfa-14202	17	17	basis	basis	NOUN
ajfa-14202	17	18	of	of	ADP
ajfa-14202	17	19	their	their	PRON
ajfa-14202	17	20	listing	listing	NOUN
ajfa-14202	17	21	as	as	ADP
ajfa-14202	17	22	emerging	emerge	VERB
ajfa-14202	17	23	economies	economy	NOUN
ajfa-14202	17	24	and	and	CCONJ
ajfa-14202	17	25	are	be	AUX
ajfa-14202	17	26	primarily	primarily	ADV
ajfa-14202	17	27	oil	oil	NOUN
ajfa-14202	17	28	exporting	export	VERB
ajfa-14202	17	29	countries	country	NOUN
ajfa-14202	17	30	.	.	PUNCT
ajfa-14202	18	1	hence	hence	ADV
ajfa-14202	18	2	the	the	DET
ajfa-14202	18	3	data	datum	NOUN
ajfa-14202	18	4	analyzed	analyze	VERB
ajfa-14202	18	5	is	be	AUX
ajfa-14202	18	6	from	from	ADP
ajfa-14202	18	7	the	the	DET
ajfa-14202	18	8	year	year	NOUN
ajfa-14202	18	9	2007	2007	NUM
ajfa-14202	18	10	to	to	ADP
ajfa-14202	18	11	2016	2016	NUM
ajfa-14202	18	12	considering	consider	VERB
ajfa-14202	18	13	a	a	DET
ajfa-14202	18	14	total	total	ADJ
ajfa-14202	18	15	period	period	NOUN
ajfa-14202	18	16	of	of	ADP
ajfa-14202	18	17	ten	ten	NUM
ajfa-14202	18	18	years	year	NOUN
ajfa-14202	18	19	to	to	PART
ajfa-14202	18	20	estimate	estimate	VERB
ajfa-14202	18	21	the	the	DET
ajfa-14202	18	22	volatility	volatility	NOUN
ajfa-14202	18	23	of	of	ADP
ajfa-14202	18	24	the	the	DET
ajfa-14202	18	25	countries	country	NOUN
ajfa-14202	18	26	considered	consider	VERB
ajfa-14202	18	27	for	for	ADP
ajfa-14202	18	28	this	this	DET
ajfa-14202	18	29	study	study	NOUN
ajfa-14202	18	30	.	.	PUNCT
ajfa-14202	19	1	global	global	ADJ
ajfa-14202	19	2	crude	crude	ADJ
ajfa-14202	19	3	oil	oil	NOUN
ajfa-14202	19	4	prices	price	NOUN
ajfa-14202	19	5	have	have	AUX
ajfa-14202	19	6	witnessed	witness	VERB
ajfa-14202	19	7	a	a	DET
ajfa-14202	19	8	steady	steady	ADJ
ajfa-14202	19	9	decline	decline	NOUN
ajfa-14202	19	10	by	by	ADP
ajfa-14202	19	11	103	103	NUM
ajfa-14202	19	12	%	%	NOUN
ajfa-14202	19	13	from	from	ADP
ajfa-14202	19	14	2012	2012	NUM
ajfa-14202	19	15	to	to	ADP
ajfa-14202	19	16	2016	2016	NUM
ajfa-14202	19	17	leading	lead	VERB
ajfa-14202	19	18	to	to	ADP
ajfa-14202	19	19	a	a	DET
ajfa-14202	19	20	remarkable	remarkable	ADJ
ajfa-14202	19	21	revenue	revenue	NOUN
ajfa-14202	19	22	deficit	deficit	NOUN
ajfa-14202	19	23	in	in	ADP
ajfa-14202	19	24	many	many	ADJ
ajfa-14202	19	25	crude	crude	ADJ
ajfa-14202	19	26	oil	oil	NOUN
ajfa-14202	19	27	exporting	export	VERB
ajfa-14202	19	28	nations	nation	NOUN
ajfa-14202	19	29	.	.	PUNCT
ajfa-14202	20	1	the	the	DET
ajfa-14202	20	2	substantial	substantial	ADJ
ajfa-14202	20	3	supply	supply	NOUN
ajfa-14202	20	4	of	of	ADP
ajfa-14202	20	5	crude	crude	ADJ
ajfa-14202	20	6	oil	oil	NOUN
ajfa-14202	20	7	by	by	ADP
ajfa-14202	20	8	the	the	DET
ajfa-14202	20	9	oil	oil	NOUN
ajfa-14202	20	10	producing	produce	VERB
ajfa-14202	20	11	countries	country	NOUN
ajfa-14202	20	12	during	during	ADP
ajfa-14202	20	13	the	the	DET
ajfa-14202	20	14	period	period	NOUN
ajfa-14202	20	15	continued	continue	VERB
ajfa-14202	20	16	to	to	PART
ajfa-14202	20	17	pressure	pressure	NOUN
ajfa-14202	20	18	markets	market	NOUN
ajfa-14202	20	19	.	.	PUNCT
ajfa-14202	21	1	the	the	DET
ajfa-14202	21	2	volatility	volatility	NOUN
ajfa-14202	21	3	in	in	ADP
ajfa-14202	21	4	crude	crude	ADJ
ajfa-14202	21	5	oil	oil	NOUN
ajfa-14202	21	6	prices	price	NOUN
ajfa-14202	21	7	has	have	AUX
ajfa-14202	21	8	had	have	VERB
ajfa-14202	21	9	an	an	DET
ajfa-14202	21	10	extensive	extensive	ADJ
ajfa-14202	21	11	impact	impact	NOUN
ajfa-14202	21	12	on	on	ADP
ajfa-14202	21	13	the	the	DET
ajfa-14202	21	14	economy	economy	NOUN
ajfa-14202	21	15	as	as	ADV
ajfa-14202	21	16	well	well	ADV
ajfa-14202	21	17	as	as	ADP
ajfa-14202	21	18	the	the	DET
ajfa-14202	21	19	stock	stock	NOUN
ajfa-14202	21	20	market	market	NOUN
ajfa-14202	21	21	of	of	ADP
ajfa-14202	21	22	oil	oil	NOUN
ajfa-14202	21	23	exporting	export	VERB
ajfa-14202	21	24	countries	country	NOUN
ajfa-14202	21	25	;	;	PUNCT
ajfa-14202	21	26	specially	specially	ADV
ajfa-14202	21	27	emerging	emerge	VERB
ajfa-14202	21	28	economies	economy	NOUN
ajfa-14202	21	29	.	.	PUNCT
ajfa-14202	22	1	this	this	DET
ajfa-14202	22	2	study	study	NOUN
ajfa-14202	22	3	seeks	seek	VERB
ajfa-14202	22	4	to	to	PART
ajfa-14202	22	5	find	find	VERB
ajfa-14202	22	6	the	the	DET
ajfa-14202	22	7	volatility	volatility	NOUN
ajfa-14202	22	8	in	in	ADP
ajfa-14202	22	9	the	the	DET
ajfa-14202	22	10	stock	stock	NOUN
ajfa-14202	22	11	markets	market	NOUN
ajfa-14202	22	12	of	of	ADP
ajfa-14202	22	13	these	these	DET
ajfa-14202	22	14	oil	oil	NOUN
ajfa-14202	22	15	exporting	exporting	NOUN
ajfa-14202	22	16	,	,	PUNCT
ajfa-14202	22	17	emerging	emerge	VERB
ajfa-14202	22	18	economies	economy	NOUN
ajfa-14202	22	19	during	during	ADP
ajfa-14202	22	20	that	that	DET
ajfa-14202	22	21	phase	phase	NOUN
ajfa-14202	22	22	.	.	PUNCT
ajfa-14202	23	1	1	1	X
ajfa-14202	23	2	.	.	X
ajfa-14202	23	3	review	review	NOUN
ajfa-14202	23	4	of	of	ADP
ajfa-14202	23	5	literature	literature	NOUN
ajfa-14202	23	6	and	and	CCONJ
ajfa-14202	23	7	development	development	NOUN
ajfa-14202	23	8	of	of	ADP
ajfa-14202	23	9	hypothesis	hypothesis	NOUN
ajfa-14202	23	10	in	in	ADP
ajfa-14202	23	11	the	the	DET
ajfa-14202	23	12	past	past	ADJ
ajfa-14202	23	13	decades	decade	NOUN
ajfa-14202	23	14	,	,	PUNCT
ajfa-14202	23	15	economists	economist	NOUN
ajfa-14202	23	16	have	have	AUX
ajfa-14202	23	17	captured	capture	VERB
ajfa-14202	23	18	the	the	DET
ajfa-14202	23	19	transformation	transformation	NOUN
ajfa-14202	23	20	in	in	ADP
ajfa-14202	23	21	financial	financial	ADJ
ajfa-14202	23	22	data	datum	NOUN
ajfa-14202	23	23	.	.	PUNCT
ajfa-14202	24	1	fitting	fit	VERB
ajfa-14202	24	2	an	an	DET
ajfa-14202	24	3	estimated	estimate	VERB
ajfa-14202	24	4	model	model	NOUN
ajfa-14202	24	5	for	for	ADP
ajfa-14202	24	6	volatility	volatility	NOUN
ajfa-14202	24	7	has	have	AUX
ajfa-14202	24	8	been	be	AUX
ajfa-14202	24	9	the	the	DET
ajfa-14202	24	10	intent	intent	NOUN
ajfa-14202	24	11	for	for	ADP
ajfa-14202	24	12	researchers	researcher	NOUN
ajfa-14202	24	13	viz	viz	NOUN
ajfa-14202	24	14	.	.	PUNCT
ajfa-14202	25	1	french	french	PROPN
ajfa-14202	25	2	,	,	PUNCT
ajfa-14202	25	3	schwert	schwert	NOUN
ajfa-14202	25	4	and	and	CCONJ
ajfa-14202	25	5	stambaugh	stambaugh	ADJ
ajfa-14202	25	6	(	(	PUNCT
ajfa-14202	25	7	1987	1987	NUM
ajfa-14202	25	8	)	)	PUNCT
ajfa-14202	25	9	,	,	PUNCT
ajfa-14202	25	10	bollerslev	bollerslev	ADJ
ajfa-14202	25	11	(	(	PUNCT
ajfa-14202	25	12	1987	1987	NUM
ajfa-14202	25	13	)	)	PUNCT
ajfa-14202	25	14	,	,	PUNCT
ajfa-14202	25	15	engle	engle	PROPN
ajfa-14202	25	16	(	(	PUNCT
ajfa-14202	25	17	2002	2002	NUM
ajfa-14202	25	18	)	)	PUNCT
ajfa-14202	25	19	.	.	PUNCT
ajfa-14202	26	1	much	much	ADJ
ajfa-14202	26	2	of	of	ADP
ajfa-14202	26	3	the	the	DET
ajfa-14202	26	4	research	research	NOUN
ajfa-14202	26	5	on	on	ADP
ajfa-14202	26	6	modeling	model	VERB
ajfa-14202	26	7	the	the	DET
ajfa-14202	26	8	volatility	volatility	NOUN
ajfa-14202	26	9	shares	share	VERB
ajfa-14202	26	10	the	the	DET
ajfa-14202	26	11	asymmetries	asymmetry	NOUN
ajfa-14202	26	12	found	find	VERB
ajfa-14202	26	13	in	in	ADP
ajfa-14202	26	14	stock	stock	NOUN
ajfa-14202	26	15	market	market	NOUN
ajfa-14202	26	16	returns	return	NOUN
ajfa-14202	26	17	.	.	PUNCT
ajfa-14202	27	1	engle	engle	PROPN
ajfa-14202	27	2	and	and	CCONJ
ajfa-14202	27	3	ng	ng	PROPN
ajfa-14202	27	4	(	(	PUNCT
ajfa-14202	27	5	1993	1993	NUM
ajfa-14202	27	6	)	)	PUNCT
ajfa-14202	27	7	substantiated	substantiate	VERB
ajfa-14202	27	8	the	the	DET
ajfa-14202	27	9	quadraticgarch	quadraticgarch	NOUN
ajfa-14202	27	10	model	model	NOUN
ajfa-14202	27	11	with	with	ADP
ajfa-14202	27	12	evidence	evidence	NOUN
ajfa-14202	27	13	.	.	PUNCT
ajfa-14202	28	1	brailsford	brailsford	NOUN
ajfa-14202	28	2	and	and	CCONJ
ajfa-14202	28	3	fagg	fagg	PROPN
ajfa-14202	28	4	(	(	PUNCT
ajfa-14202	28	5	1996	1996	NUM
ajfa-14202	28	6	)	)	PUNCT
ajfa-14202	28	7	confirmed	confirm	VERB
ajfa-14202	28	8	that	that	SCONJ
ajfa-14202	28	9	gjr	gjr	NOUN
ajfa-14202	28	10	-	-	PUNCT
ajfa-14202	28	11	garch	garch	NOUN
ajfa-14202	28	12	was	be	AUX
ajfa-14202	28	13	most	most	ADV
ajfa-14202	28	14	suitable	suitable	ADJ
ajfa-14202	28	15	;	;	PUNCT
ajfa-14202	28	16	heynen	heynen	PROPN
ajfa-14202	28	17	and	and	CCONJ
ajfa-14202	28	18	kat	kat	PROPN
ajfa-14202	28	19	(	(	PUNCT
ajfa-14202	28	20	1994	1994	NUM
ajfa-14202	28	21	)	)	PUNCT
ajfa-14202	28	22	established	establish	VERB
ajfa-14202	28	23	that	that	SCONJ
ajfa-14202	28	24	egarch	egarch	NOUN
ajfa-14202	28	25	has	have	VERB
ajfa-14202	28	26	a	a	DET
ajfa-14202	28	27	finer	fine	ADJ
ajfa-14202	28	28	extrapolative	extrapolative	ADJ
ajfa-14202	28	29	ability	ability	NOUN
ajfa-14202	28	30	.	.	PUNCT
ajfa-14202	29	1	even	even	ADV
ajfa-14202	29	2	though	though	SCONJ
ajfa-14202	29	3	the	the	DET
ajfa-14202	29	4	literature	literature	NOUN
ajfa-14202	29	5	does	do	AUX
ajfa-14202	29	6	not	not	PART
ajfa-14202	29	7	prove	prove	VERB
ajfa-14202	29	8	any	any	DET
ajfa-14202	29	9	one	one	NUM
ajfa-14202	29	10	individual	individual	ADJ
ajfa-14202	29	11	asymmetry	asymmetry	NOUN
ajfa-14202	29	12	model	model	NOUN
ajfa-14202	29	13	as	as	ADP
ajfa-14202	29	14	being	be	AUX
ajfa-14202	29	15	evidently	evidently	ADV
ajfa-14202	29	16	better	well	ADJ
ajfa-14202	29	17	,	,	PUNCT
ajfa-14202	29	18	awartani	awartani	NOUN
ajfa-14202	29	19	and	and	CCONJ
ajfa-14202	29	20	corradi	corradi	NOUN
ajfa-14202	29	21	(	(	PUNCT
ajfa-14202	29	22	2005	2005	NUM
ajfa-14202	29	23	)	)	PUNCT
ajfa-14202	29	24	argue	argue	VERB
ajfa-14202	29	25	that	that	SCONJ
ajfa-14202	29	26	they	they	PRON
ajfa-14202	29	27	by	by	ADP
ajfa-14202	29	28	and	and	CCONJ
ajfa-14202	29	29	large	large	ADJ
ajfa-14202	29	30	do	do	VERB
ajfa-14202	29	31	better	well	ADV
ajfa-14202	29	32	than	than	ADP
ajfa-14202	29	33	non	non	ADJ
ajfa-14202	29	34	-	-	ADJ
ajfa-14202	29	35	asymmetric	asymmetric	ADJ
ajfa-14202	29	36	models	model	NOUN
ajfa-14202	29	37	in	in	ADP
ajfa-14202	29	38	financial	financial	ADJ
ajfa-14202	29	39	market	market	NOUN
ajfa-14202	29	40	prediction	prediction	NOUN
ajfa-14202	29	41	.	.	PUNCT
ajfa-14202	30	1	however	however	ADV
ajfa-14202	30	2	,	,	PUNCT
ajfa-14202	30	3	mcmillan	mcmillan	PROPN
ajfa-14202	30	4	,	,	PUNCT
ajfa-14202	30	5	speight	speight	PROPN
ajfa-14202	30	6	and	and	CCONJ
ajfa-14202	30	7	apgwilym	apgwilym	PROPN
ajfa-14202	30	8	(	(	PUNCT
ajfa-14202	30	9	2000	2000	NUM
ajfa-14202	30	10	)	)	PUNCT
ajfa-14202	30	11	established	establish	VERB
ajfa-14202	30	12	that	that	DET
ajfa-14202	30	13	garch	garch	NOUN
ajfa-14202	30	14	,	,	PUNCT
ajfa-14202	30	15	moving	move	VERB
ajfa-14202	30	16	average	average	ADJ
ajfa-14202	30	17	and	and	CCONJ
ajfa-14202	30	18	exponential	exponential	ADJ
ajfa-14202	30	19	smoothing	smoothing	NOUN
ajfa-14202	30	20	models	model	NOUN
ajfa-14202	30	21	provided	provide	VERB
ajfa-14202	30	22	better	well	ADJ
ajfa-14202	30	23	daily	daily	ADJ
ajfa-14202	30	24	volatility	volatility	NOUN
ajfa-14202	30	25	forecasts	forecast	NOUN
ajfa-14202	30	26	and	and	CCONJ
ajfa-14202	30	27	specifically	specifically	ADV
ajfa-14202	30	28	egarch	egarch	NOUN
ajfa-14202	30	29	does	do	AUX
ajfa-14202	30	30	not	not	PART
ajfa-14202	30	31	essentially	essentially	ADV
ajfa-14202	30	32	surpass	surpass	VERB
ajfa-14202	30	33	simple	simple	ADJ
ajfa-14202	30	34	garch	garch	NOUN
ajfa-14202	30	35	model	model	NOUN
ajfa-14202	30	36	.	.	PUNCT
ajfa-14202	31	1	brooks	brooks	PROPN
ajfa-14202	31	2	(	(	PUNCT
ajfa-14202	31	3	2007	2007	NUM
ajfa-14202	31	4	)	)	PUNCT
ajfa-14202	31	5	examined	examine	VERB
ajfa-14202	31	6	a	a	DET
ajfa-14202	31	7	set	set	NOUN
ajfa-14202	31	8	of	of	ADP
ajfa-14202	31	9	markets	market	NOUN
ajfa-14202	31	10	using	use	VERB
ajfa-14202	31	11	the	the	DET
ajfa-14202	31	12	asymmetric	asymmetric	ADJ
ajfa-14202	31	13	power	power	NOUN
ajfa-14202	31	14	arch	arch	NOUN
ajfa-14202	31	15	model	model	NOUN
ajfa-14202	31	16	.	.	PUNCT
ajfa-14202	32	1	he	he	PRON
ajfa-14202	32	2	established	establish	VERB
ajfa-14202	32	3	that	that	SCONJ
ajfa-14202	32	4	in	in	ADP
ajfa-14202	32	5	the	the	DET
ajfa-14202	32	6	developed	develop	VERB
ajfa-14202	32	7	markets	market	NOUN
ajfa-14202	32	8	,	,	PUNCT
ajfa-14202	32	9	non	non	ADJ
ajfa-14202	32	10	-	-	ADJ
ajfa-14202	32	11	normal	normal	ADJ
ajfa-14202	32	12	conditional	conditional	ADJ
ajfa-14202	32	13	error	error	NOUN
ajfa-14202	32	14	distribution	distribution	NOUN
ajfa-14202	32	15	fit	fit	VERB
ajfa-14202	32	16	the	the	DET
ajfa-14202	32	17	data	datum	NOUN
ajfa-14202	32	18	accurately	accurately	ADV
ajfa-14202	32	19	and	and	CCONJ
ajfa-14202	32	20	in	in	ADP
ajfa-14202	32	21	case	case	NOUN
ajfa-14202	32	22	of	of	ADP
ajfa-14202	32	23	emerging	emerge	VERB
ajfa-14202	32	24	markets	market	NOUN
ajfa-14202	32	25	where	where	SCONJ
ajfa-14202	32	26	estimation	estimation	NOUN
ajfa-14202	32	27	problems	problem	NOUN
ajfa-14202	32	28	arise	arise	VERB
ajfa-14202	32	29	a	a	DET
ajfa-14202	32	30	conditional	conditional	ADJ
ajfa-14202	32	31	‘	'	PUNCT
ajfa-14202	32	32	t	t	NOUN
ajfa-14202	32	33	’	'	PUNCT
ajfa-14202	32	34	distribution	distribution	NOUN
ajfa-14202	32	35	fits	fit	VERB
ajfa-14202	32	36	better	well	ADV
ajfa-14202	32	37	.	.	PUNCT
ajfa-14202	33	1	further	far	ADV
ajfa-14202	33	2	the	the	DET
ajfa-14202	33	3	degree	degree	NOUN
ajfa-14202	33	4	of	of	ADP
ajfa-14202	33	5	volatility	volatility	NOUN
ajfa-14202	33	6	asymmetry	asymmetry	NOUN
ajfa-14202	33	7	differs	differ	VERB
ajfa-14202	33	8	across	across	ADP
ajfa-14202	33	9	markets	market	NOUN
ajfa-14202	33	10	,	,	PUNCT
ajfa-14202	33	11	with	with	ADP
ajfa-14202	33	12	the	the	DET
ajfa-14202	33	13	middle	middle	ADJ
ajfa-14202	33	14	eastern	eastern	ADJ
ajfa-14202	33	15	and	and	CCONJ
ajfa-14202	33	16	african	african	ADJ
ajfa-14202	33	17	markets	market	NOUN
ajfa-14202	33	18	having	have	VERB
ajfa-14202	33	19	very	very	ADV
ajfa-14202	33	20	different	different	ADJ
ajfa-14202	33	21	volatility	volatility	NOUN
ajfa-14202	33	22	asymmetry	asymmetry	NOUN
ajfa-14202	33	23	characteristics	characteristic	NOUN
ajfa-14202	33	24	compared	compare	VERB
ajfa-14202	33	25	to	to	ADP
ajfa-14202	33	26	latin	latin	ADJ
ajfa-14202	33	27	american	american	ADJ
ajfa-14202	33	28	markets	market	NOUN
ajfa-14202	33	29	.	.	PUNCT
ajfa-14202	34	1	raza	raza	PROPN
ajfa-14202	34	2	et	et	PROPN
ajfa-14202	34	3	al	al	PROPN
ajfa-14202	34	4	.	.	PROPN
ajfa-14202	35	1	(	(	PUNCT
ajfa-14202	35	2	2015	2015	NUM
ajfa-14202	35	3	)	)	PUNCT
ajfa-14202	35	4	applied	apply	VERB
ajfa-14202	35	5	a	a	DET
ajfa-14202	35	6	number	number	NOUN
ajfa-14202	35	7	of	of	ADP
ajfa-14202	35	8	garch	garch	NOUN
ajfa-14202	35	9	family	family	NOUN
ajfa-14202	35	10	models	model	NOUN
ajfa-14202	35	11	for	for	ADP
ajfa-14202	35	12	the	the	DET
ajfa-14202	35	13	valuation	valuation	NOUN
ajfa-14202	35	14	and	and	CCONJ
ajfa-14202	35	15	foreseeing	foresee	VERB
ajfa-14202	35	16	the	the	DET
ajfa-14202	35	17	volatility	volatility	NOUN
ajfa-14202	35	18	of	of	ADP
ajfa-14202	35	19	kse100	kse100	PROPN
ajfa-14202	35	20	index	index	NOUN
ajfa-14202	35	21	stock	stock	NOUN
ajfa-14202	35	22	returns	return	NOUN
ajfa-14202	35	23	.	.	PUNCT
ajfa-14202	36	1	the	the	DET
ajfa-14202	36	2	results	result	NOUN
ajfa-14202	36	3	indicated	indicate	VERB
ajfa-14202	36	4	that	that	SCONJ
ajfa-14202	36	5	the	the	DET
ajfa-14202	36	6	best	well	ADV
ajfa-14202	36	7	-	-	PUNCT
ajfa-14202	36	8	fitted	fit	VERB
ajfa-14202	36	9	volatility	volatility	NOUN
ajfa-14202	36	10	model	model	NOUN
ajfa-14202	36	11	was	be	AUX
ajfa-14202	36	12	garch(1,1	garch(1,1	NOUN
ajfa-14202	36	13	)	)	PUNCT
ajfa-14202	36	14	with	with	ADP
ajfa-14202	36	15	asian	asian	ADJ
ajfa-14202	36	16	journal	journal	NOUN
ajfa-14202	36	17	of	of	ADP
ajfa-14202	36	18	finance	finance	PROPN
ajfa-14202	36	19	&	&	CCONJ
ajfa-14202	36	20	accounting	accounting	PROPN
ajfa-14202	36	21	issn	issn	PROPN
ajfa-14202	36	22	1946	1946	NUM
ajfa-14202	36	23	-	-	PUNCT
ajfa-14202	36	24	052x	052x	PROPN
ajfa-14202	36	25	2019	2019	NUM
ajfa-14202	36	26	,	,	PUNCT
ajfa-14202	36	27	vol	vol	NOUN
ajfa-14202	36	28	.	.	PROPN
ajfa-14202	36	29	11	11	NUM
ajfa-14202	36	30	,	,	PUNCT
ajfa-14202	36	31	no	no	INTJ
ajfa-14202	36	32	.	.	NOUN
ajfa-14202	36	33	1	1	NUM
ajfa-14202	36	34	43	43	NUM
ajfa-14202	36	35	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	36	36	students	student	NOUN
ajfa-14202	36	37	t	t	NOUN
ajfa-14202	36	38	-	-	PUNCT
ajfa-14202	36	39	distribution	distribution	NOUN
ajfa-14202	36	40	and	and	CCONJ
ajfa-14202	36	41	best	good	ADJ
ajfa-14202	36	42	prediction	prediction	NOUN
ajfa-14202	36	43	volatility	volatility	NOUN
ajfa-14202	36	44	model	model	NOUN
ajfa-14202	36	45	is	be	AUX
ajfa-14202	36	46	garch	garch	NOUN
ajfa-14202	36	47	(	(	PUNCT
ajfa-14202	36	48	1,1	1,1	NUM
ajfa-14202	36	49	)	)	PUNCT
ajfa-14202	36	50	with	with	ADP
ajfa-14202	36	51	ged	ge	VERB
ajfa-14202	36	52	,	,	PUNCT
ajfa-14202	36	53	and	and	CCONJ
ajfa-14202	36	54	the	the	DET
ajfa-14202	36	55	next	next	ADJ
ajfa-14202	36	56	fit	fit	ADJ
ajfa-14202	36	57	volatility	volatility	NOUN
ajfa-14202	36	58	forecasting	forecasting	NOUN
ajfa-14202	36	59	model	model	NOUN
ajfa-14202	36	60	is	be	AUX
ajfa-14202	36	61	egarch	egarch	NOUN
ajfa-14202	36	62	(	(	PUNCT
ajfa-14202	36	63	1,1	1,1	NUM
ajfa-14202	36	64	)	)	PUNCT
ajfa-14202	36	65	with	with	ADP
ajfa-14202	36	66	ged	ge	VERB
ajfa-14202	36	67	.	.	PUNCT
ajfa-14202	37	1	su	su	PROPN
ajfa-14202	37	2	(	(	PUNCT
ajfa-14202	37	3	2010	2010	NUM
ajfa-14202	37	4	)	)	PUNCT
ajfa-14202	37	5	empirical	empirical	ADJ
ajfa-14202	37	6	study	study	NOUN
ajfa-14202	37	7	found	find	VERB
ajfa-14202	37	8	that	that	SCONJ
ajfa-14202	37	9	the	the	DET
ajfa-14202	37	10	egarch	egarch	NOUN
ajfa-14202	37	11	model	model	NOUN
ajfa-14202	37	12	fits	fit	VERB
ajfa-14202	37	13	the	the	DET
ajfa-14202	37	14	sample	sample	NOUN
ajfa-14202	37	15	data	datum	NOUN
ajfa-14202	37	16	better	well	ADV
ajfa-14202	37	17	than	than	ADP
ajfa-14202	37	18	garch	garch	NOUN
ajfa-14202	37	19	in	in	ADP
ajfa-14202	37	20	modeling	model	VERB
ajfa-14202	37	21	the	the	DET
ajfa-14202	37	22	volatility	volatility	NOUN
ajfa-14202	37	23	of	of	ADP
ajfa-14202	37	24	chinese	chinese	ADJ
ajfa-14202	37	25	stock	stock	NOUN
ajfa-14202	37	26	returns	return	NOUN
ajfa-14202	37	27	.	.	PUNCT
ajfa-14202	38	1	tuyen	tuyen	PROPN
ajfa-14202	38	2	(	(	PUNCT
ajfa-14202	38	3	2011	2011	NUM
ajfa-14202	38	4	)	)	PUNCT
ajfa-14202	38	5	investigated	investigate	VERB
ajfa-14202	38	6	whether	whether	SCONJ
ajfa-14202	38	7	the	the	DET
ajfa-14202	38	8	stock	stock	NOUN
ajfa-14202	38	9	return	return	NOUN
ajfa-14202	38	10	volatility	volatility	NOUN
ajfa-14202	38	11	vary	vary	VERB
ajfa-14202	38	12	over	over	ADP
ajfa-14202	38	13	time	time	NOUN
ajfa-14202	38	14	in	in	ADP
ajfa-14202	38	15	vietnamese	vietnamese	ADJ
ajfa-14202	38	16	stock	stock	NOUN
ajfa-14202	38	17	market	market	NOUN
ajfa-14202	38	18	and	and	CCONJ
ajfa-14202	38	19	found	find	VERB
ajfa-14202	38	20	that	that	SCONJ
ajfa-14202	38	21	the	the	DET
ajfa-14202	38	22	standard	standard	ADJ
ajfa-14202	38	23	garch	garch	NOUN
ajfa-14202	38	24	model	model	NOUN
ajfa-14202	38	25	was	be	AUX
ajfa-14202	38	26	well	well	ADV
ajfa-14202	38	27	fit	fit	ADJ
ajfa-14202	38	28	.	.	PUNCT
ajfa-14202	39	1	floros	floros	PROPN
ajfa-14202	39	2	(	(	PUNCT
ajfa-14202	39	3	2008	2008	NUM
ajfa-14202	39	4	)	)	PUNCT
ajfa-14202	39	5	examined	examine	VERB
ajfa-14202	39	6	the	the	DET
ajfa-14202	39	7	use	use	NOUN
ajfa-14202	39	8	of	of	ADP
ajfa-14202	39	9	garch	garch	NOUN
ajfa-14202	39	10	–	–	PUNCT
ajfa-14202	39	11	type	type	NOUN
ajfa-14202	39	12	models	model	NOUN
ajfa-14202	39	13	for	for	ADP
ajfa-14202	39	14	modeling	model	VERB
ajfa-14202	39	15	volatility	volatility	NOUN
ajfa-14202	39	16	in	in	ADP
ajfa-14202	39	17	egypt	egypt	PROPN
ajfa-14202	39	18	(	(	PUNCT
ajfa-14202	39	19	cma	cma	PROPN
ajfa-14202	39	20	general	general	PROPN
ajfa-14202	39	21	index	index	PROPN
ajfa-14202	39	22	)	)	PUNCT
ajfa-14202	39	23	and	and	CCONJ
ajfa-14202	39	24	israel	israel	PROPN
ajfa-14202	39	25	(	(	PUNCT
ajfa-14202	39	26	tase	tase	VERB
ajfa-14202	39	27	100	100	NUM
ajfa-14202	39	28	index	index	NOUN
ajfa-14202	39	29	)	)	PUNCT
ajfa-14202	39	30	.	.	PUNCT
ajfa-14202	40	1	his	his	PRON
ajfa-14202	40	2	results	result	NOUN
ajfa-14202	40	3	proved	prove	VERB
ajfa-14202	40	4	that	that	SCONJ
ajfa-14202	40	5	the	the	DET
ajfa-14202	40	6	daily	daily	ADJ
ajfa-14202	40	7	returns	return	NOUN
ajfa-14202	40	8	can	can	AUX
ajfa-14202	40	9	be	be	AUX
ajfa-14202	40	10	characterized	characterize	VERB
ajfa-14202	40	11	by	by	ADP
ajfa-14202	40	12	the	the	DET
ajfa-14202	40	13	garch	garch	NOUN
ajfa-14202	40	14	models	model	NOUN
ajfa-14202	40	15	.	.	PUNCT
ajfa-14202	41	1	abd	abd	PROPN
ajfa-14202	41	2	el	el	PROPN
ajfa-14202	41	3	aal	aal	PROPN
ajfa-14202	41	4	(	(	PUNCT
ajfa-14202	41	5	2011	2011	NUM
ajfa-14202	41	6	)	)	PUNCT
ajfa-14202	41	7	examined	examine	VERB
ajfa-14202	41	8	egyptian	egyptian	ADJ
ajfa-14202	41	9	stock	stock	NOUN
ajfa-14202	41	10	market	market	NOUN
ajfa-14202	41	11	return	return	NOUN
ajfa-14202	41	12	volatility	volatility	NOUN
ajfa-14202	41	13	and	and	CCONJ
ajfa-14202	41	14	he	he	PRON
ajfa-14202	41	15	found	find	VERB
ajfa-14202	41	16	that	that	SCONJ
ajfa-14202	41	17	egarch	egarch	NOUN
ajfa-14202	41	18	is	be	AUX
ajfa-14202	41	19	the	the	DET
ajfa-14202	41	20	best	good	ADJ
ajfa-14202	41	21	fit	fit	ADJ
ajfa-14202	41	22	model	model	NOUN
ajfa-14202	41	23	.	.	PUNCT
ajfa-14202	42	1	some	some	PRON
ajfa-14202	42	2	of	of	ADP
ajfa-14202	42	3	the	the	DET
ajfa-14202	42	4	research	research	NOUN
ajfa-14202	42	5	which	which	PRON
ajfa-14202	42	6	applied	apply	VERB
ajfa-14202	42	7	arch	arch	ADJ
ajfa-14202	42	8	/	/	SYM
ajfa-14202	42	9	garch	garch	NOUN
ajfa-14202	42	10	models	model	NOUN
ajfa-14202	42	11	on	on	ADP
ajfa-14202	42	12	emerging	emerge	VERB
ajfa-14202	42	13	stock	stock	NOUN
ajfa-14202	42	14	markets	market	NOUN
ajfa-14202	42	15	to	to	PART
ajfa-14202	42	16	estimate	estimate	VERB
ajfa-14202	42	17	and	and	CCONJ
ajfa-14202	42	18	predict	predict	VERB
ajfa-14202	42	19	volatility	volatility	NOUN
ajfa-14202	42	20	found	find	VERB
ajfa-14202	42	21	the	the	DET
ajfa-14202	42	22	occurrence	occurrence	NOUN
ajfa-14202	42	23	of	of	ADP
ajfa-14202	42	24	non	non	ADJ
ajfa-14202	42	25	-	-	ADJ
ajfa-14202	42	26	normality	normality	ADJ
ajfa-14202	42	27	,	,	PUNCT
ajfa-14202	42	28	volatility	volatility	NOUN
ajfa-14202	42	29	clusters	cluster	NOUN
ajfa-14202	42	30	,	,	PUNCT
ajfa-14202	42	31	negative	negative	ADJ
ajfa-14202	42	32	skewness	skewness	NOUN
ajfa-14202	42	33	,	,	PUNCT
ajfa-14202	42	34	leptokurtosis	leptokurtosi	NOUN
ajfa-14202	42	35	such	such	ADJ
ajfa-14202	42	36	as	as	ADP
ajfa-14202	42	37	the	the	DET
ajfa-14202	42	38	studies	study	NOUN
ajfa-14202	42	39	of	of	ADP
ajfa-14202	42	40	aydin	aydin	NOUN
ajfa-14202	42	41	(	(	PUNCT
ajfa-14202	42	42	2002	2002	NUM
ajfa-14202	42	43	)	)	PUNCT
ajfa-14202	42	44	,	,	PUNCT
ajfa-14202	42	45	akgul	akgul	NOUN
ajfa-14202	42	46	and	and	CCONJ
ajfa-14202	42	47	sayyan	sayyan	PROPN
ajfa-14202	42	48	(	(	PUNCT
ajfa-14202	42	49	2005	2005	NUM
ajfa-14202	42	50	)	)	PUNCT
ajfa-14202	42	51	and	and	CCONJ
ajfa-14202	42	52	gokbulut	gokbulut	NOUN
ajfa-14202	42	53	and	and	CCONJ
ajfa-14202	42	54	pekkkaya	pekkkaya	NOUN
ajfa-14202	42	55	(	(	PUNCT
ajfa-14202	42	56	2014	2014	NUM
ajfa-14202	42	57	)	)	PUNCT
ajfa-14202	42	58	,	,	PUNCT
ajfa-14202	42	59	rashid	rashid	PROPN
ajfa-14202	42	60	and	and	CCONJ
ajfa-14202	42	61	ahmad	ahmad	PROPN
ajfa-14202	42	62	(	(	PUNCT
ajfa-14202	42	63	2008	2008	NUM
ajfa-14202	42	64	)	)	PUNCT
ajfa-14202	42	65	&	&	CCONJ
ajfa-14202	42	66	goudarzi	goudarzi	PROPN
ajfa-14202	42	67	and	and	CCONJ
ajfa-14202	42	68	ramnarayanan	ramnarayanan	PROPN
ajfa-14202	42	69	(	(	PUNCT
ajfa-14202	42	70	2011	2011	NUM
ajfa-14202	42	71	)	)	PUNCT
ajfa-14202	42	72	.	.	PUNCT
ajfa-14202	43	1	gokbulut	gokbulut	PROPN
ajfa-14202	43	2	and	and	CCONJ
ajfa-14202	43	3	pekkaya	pekkaya	PROPN
ajfa-14202	43	4	(	(	PUNCT
ajfa-14202	43	5	2014	2014	NUM
ajfa-14202	43	6	)	)	PUNCT
ajfa-14202	43	7	maintained	maintain	VERB
ajfa-14202	43	8	that	that	SCONJ
ajfa-14202	43	9	the	the	DET
ajfa-14202	43	10	cgarch	cgarch	NOUN
ajfa-14202	43	11	and	and	CCONJ
ajfa-14202	43	12	tgarch	tgarch	NOUN
ajfa-14202	43	13	were	be	AUX
ajfa-14202	43	14	finer	fine	ADJ
ajfa-14202	43	15	in	in	ADP
ajfa-14202	43	16	modeling	model	VERB
ajfa-14202	43	17	volatility	volatility	NOUN
ajfa-14202	43	18	.	.	PUNCT
ajfa-14202	44	1	floros	floros	PROPN
ajfa-14202	44	2	(	(	PUNCT
ajfa-14202	44	3	2008	2008	NUM
ajfa-14202	44	4	)	)	PUNCT
ajfa-14202	44	5	and	and	CCONJ
ajfa-14202	44	6	emenike	emenike	INTJ
ajfa-14202	44	7	(	(	PUNCT
ajfa-14202	44	8	2010	2010	NUM
ajfa-14202	44	9	)	)	PUNCT
ajfa-14202	44	10	in	in	ADP
ajfa-14202	44	11	nigeria	nigeria	PROPN
ajfa-14202	44	12	,	,	PUNCT
ajfa-14202	44	13	su	su	PROPN
ajfa-14202	44	14	(	(	PUNCT
ajfa-14202	44	15	2010	2010	NUM
ajfa-14202	44	16	)	)	PUNCT
ajfa-14202	44	17	in	in	ADP
ajfa-14202	44	18	china	china	PROPN
ajfa-14202	44	19	,	,	PUNCT
ajfa-14202	44	20	angabini	angabini	PROPN
ajfa-14202	44	21	and	and	CCONJ
ajfa-14202	44	22	wasiuzzaman	wasiuzzaman	NOUN
ajfa-14202	44	23	(	(	PUNCT
ajfa-14202	44	24	2011	2011	NUM
ajfa-14202	44	25	)	)	PUNCT
ajfa-14202	44	26	in	in	ADP
ajfa-14202	44	27	malaysia	malaysia	PROPN
ajfa-14202	44	28	,	,	PUNCT
ajfa-14202	44	29	abd	abd	PROPN
ajfa-14202	44	30	el	el	PROPN
ajfa-14202	44	31	aal	aal	PROPN
ajfa-14202	44	32	(	(	PUNCT
ajfa-14202	44	33	2011	2011	NUM
ajfa-14202	44	34	)	)	PUNCT
ajfa-14202	44	35	and	and	CCONJ
ajfa-14202	44	36	ezzat	ezzat	ADJ
ajfa-14202	44	37	(	(	PUNCT
ajfa-14202	44	38	2012	2012	NUM
ajfa-14202	44	39	)	)	PUNCT
ajfa-14202	44	40	in	in	ADP
ajfa-14202	44	41	egypt	egypt	PROPN
ajfa-14202	44	42	and	and	CCONJ
ajfa-14202	44	43	freedi	freedi	VERB
ajfa-14202	44	44	et	et	PROPN
ajfa-14202	44	45	al	al	PROPN
ajfa-14202	44	46	.	.	PROPN
ajfa-14202	44	47	(	(	PUNCT
ajfa-14202	44	48	2012	2012	NUM
ajfa-14202	44	49	)	)	PUNCT
ajfa-14202	44	50	in	in	ADP
ajfa-14202	44	51	saudi	saudi	PROPN
ajfa-14202	44	52	arabia	arabia	PROPN
ajfa-14202	44	53	applied	apply	VERB
ajfa-14202	44	54	tgarch	tgarch	PROPN
ajfa-14202	44	55	,	,	PUNCT
ajfa-14202	44	56	egarch	egarch	NOUN
ajfa-14202	44	57	,	,	PUNCT
ajfa-14202	44	58	and	and	CCONJ
ajfa-14202	44	59	gjr	gjr	NOUN
ajfa-14202	44	60	garch	garch	NOUN
ajfa-14202	44	61	models	model	NOUN
ajfa-14202	44	62	in	in	ADP
ajfa-14202	44	63	their	their	PRON
ajfa-14202	44	64	study	study	NOUN
ajfa-14202	44	65	and	and	CCONJ
ajfa-14202	44	66	their	their	PRON
ajfa-14202	44	67	findings	finding	NOUN
ajfa-14202	44	68	indicated	indicate	VERB
ajfa-14202	44	69	that	that	SCONJ
ajfa-14202	44	70	egarch	egarch	NOUN
ajfa-14202	44	71	and	and	CCONJ
ajfa-14202	44	72	gjr	gjr	NOUN
ajfa-14202	44	73	-	-	PUNCT
ajfa-14202	44	74	garch	garch	NOUN
ajfa-14202	44	75	are	be	AUX
ajfa-14202	44	76	the	the	DET
ajfa-14202	44	77	best	good	ADJ
ajfa-14202	44	78	models	model	NOUN
ajfa-14202	44	79	for	for	ADP
ajfa-14202	44	80	measuring	measure	VERB
ajfa-14202	44	81	volatility	volatility	NOUN
ajfa-14202	44	82	,	,	PUNCT
ajfa-14202	44	83	detecting	detect	VERB
ajfa-14202	44	84	clustering	clustering	ADJ
ajfa-14202	44	85	effect	effect	NOUN
ajfa-14202	44	86	,	,	PUNCT
ajfa-14202	44	87	leptokurtosis	leptokurtosis	NOUN
ajfa-14202	44	88	and	and	CCONJ
ajfa-14202	44	89	the	the	DET
ajfa-14202	44	90	leverage	leverage	NOUN
ajfa-14202	44	91	effect	effect	NOUN
ajfa-14202	44	92	.	.	PUNCT
ajfa-14202	45	1	this	this	DET
ajfa-14202	45	2	study	study	NOUN
ajfa-14202	45	3	forms	form	VERB
ajfa-14202	45	4	the	the	DET
ajfa-14202	45	5	first	first	ADJ
ajfa-14202	45	6	hypothesis	hypothesis	NOUN
ajfa-14202	45	7	as	as	SCONJ
ajfa-14202	45	8	:	:	PUNCT
ajfa-14202	45	9	h0	h0	NOUN
ajfa-14202	45	10	:	:	PUNCT
ajfa-14202	45	11	asymmetric	asymmetric	ADJ
ajfa-14202	45	12	information	information	NOUN
ajfa-14202	45	13	impacts	impact	VERB
ajfa-14202	45	14	more	more	ADJ
ajfa-14202	45	15	on	on	ADP
ajfa-14202	45	16	the	the	DET
ajfa-14202	45	17	volatility	volatility	NOUN
ajfa-14202	45	18	of	of	ADP
ajfa-14202	45	19	emerging	emerge	VERB
ajfa-14202	45	20	markets	market	NOUN
ajfa-14202	45	21	and	and	CCONJ
ajfa-14202	45	22	an	an	DET
ajfa-14202	45	23	asymmetric	asymmetric	ADJ
ajfa-14202	45	24	model	model	NOUN
ajfa-14202	45	25	fits	fit	VERB
ajfa-14202	45	26	the	the	DET
ajfa-14202	45	27	return	return	NOUN
ajfa-14202	45	28	series	series	NOUN
ajfa-14202	45	29	well	well	INTJ
ajfa-14202	45	30	historical	historical	ADJ
ajfa-14202	45	31	examination	examination	NOUN
ajfa-14202	45	32	of	of	ADP
ajfa-14202	45	33	financial	financial	ADJ
ajfa-14202	45	34	time	time	NOUN
ajfa-14202	45	35	series	series	PROPN
ajfa-14202	45	36	data	data	PROPN
ajfa-14202	45	37	has	have	AUX
ajfa-14202	45	38	revealed	reveal	VERB
ajfa-14202	45	39	that	that	SCONJ
ajfa-14202	45	40	volatility	volatility	NOUN
ajfa-14202	45	41	is	be	AUX
ajfa-14202	45	42	not	not	PART
ajfa-14202	45	43	constant	constant	ADJ
ajfa-14202	45	44	over	over	ADP
ajfa-14202	45	45	time	time	NOUN
ajfa-14202	45	46	(	(	PUNCT
ajfa-14202	45	47	mandelbrot	mandelbrot	PROPN
ajfa-14202	45	48	,	,	PUNCT
ajfa-14202	45	49	1963	1963	NUM
ajfa-14202	45	50	)	)	PUNCT
ajfa-14202	45	51	.	.	PUNCT
ajfa-14202	46	1	it	it	PRON
ajfa-14202	46	2	has	have	AUX
ajfa-14202	46	3	been	be	AUX
ajfa-14202	46	4	found	find	VERB
ajfa-14202	46	5	that	that	SCONJ
ajfa-14202	46	6	great	great	ADJ
ajfa-14202	46	7	returns	return	NOUN
ajfa-14202	46	8	are	be	AUX
ajfa-14202	46	9	frequently	frequently	ADV
ajfa-14202	46	10	followed	follow	VERB
ajfa-14202	46	11	by	by	ADP
ajfa-14202	46	12	further	further	ADJ
ajfa-14202	46	13	large	large	ADJ
ajfa-14202	46	14	returns	return	NOUN
ajfa-14202	46	15	and	and	CCONJ
ajfa-14202	46	16	vice	vice	NOUN
ajfa-14202	46	17	-	-	NOUN
ajfa-14202	46	18	a	a	DET
ajfa-14202	46	19	-	-	PUNCT
ajfa-14202	46	20	versa	versa	NOUN
ajfa-14202	46	21	termed	term	VERB
ajfa-14202	46	22	as	as	ADP
ajfa-14202	46	23	volatility	volatility	NOUN
ajfa-14202	46	24	clustering	clustering	NOUN
ajfa-14202	46	25	(	(	PUNCT
ajfa-14202	46	26	mandelbrot	mandelbrot	PROPN
ajfa-14202	46	27	,	,	PUNCT
ajfa-14202	46	28	1963	1963	NUM
ajfa-14202	46	29	;	;	PUNCT
ajfa-14202	46	30	schwert	schwert	PROPN
ajfa-14202	46	31	and	and	CCONJ
ajfa-14202	46	32	seguin	seguin	PROPN
ajfa-14202	46	33	,	,	PUNCT
ajfa-14202	46	34	1990	1990	NUM
ajfa-14202	46	35	)	)	PUNCT
ajfa-14202	46	36	.	.	PUNCT
ajfa-14202	47	1	the	the	DET
ajfa-14202	47	2	swing	swing	NOUN
ajfa-14202	47	3	in	in	ADP
ajfa-14202	47	4	volatility	volatility	NOUN
ajfa-14202	47	5	over	over	ADP
ajfa-14202	47	6	time	time	NOUN
ajfa-14202	47	7	is	be	AUX
ajfa-14202	47	8	due	due	ADJ
ajfa-14202	47	9	to	to	ADP
ajfa-14202	47	10	the	the	DET
ajfa-14202	47	11	supposed	suppose	VERB
ajfa-14202	47	12	market	market	NOUN
ajfa-14202	47	13	and	and	CCONJ
ajfa-14202	47	14	unique	unique	ADJ
ajfa-14202	47	15	risks	risk	NOUN
ajfa-14202	47	16	not	not	PART
ajfa-14202	47	17	being	be	AUX
ajfa-14202	47	18	constant	constant	ADJ
ajfa-14202	47	19	,	,	PUNCT
ajfa-14202	47	20	leading	lead	VERB
ajfa-14202	47	21	to	to	ADP
ajfa-14202	47	22	risk	risk	NOUN
ajfa-14202	47	23	at	at	ADP
ajfa-14202	47	24	different	different	ADJ
ajfa-14202	47	25	periods	period	NOUN
ajfa-14202	47	26	.	.	PUNCT
ajfa-14202	48	1	(	(	PUNCT
ajfa-14202	48	2	brooks	brooks	PROPN
ajfa-14202	48	3	,	,	PUNCT
ajfa-14202	48	4	2014	2014	NUM
ajfa-14202	48	5	)	)	PUNCT
ajfa-14202	48	6	.	.	PUNCT
ajfa-14202	49	1	further	far	ADV
ajfa-14202	49	2	on	on	ADV
ajfa-14202	49	3	,	,	PUNCT
ajfa-14202	49	4	asset	asset	NOUN
ajfa-14202	49	5	returns	return	NOUN
ajfa-14202	49	6	have	have	VERB
ajfa-14202	49	7	leptokurtic	leptokurtic	ADJ
ajfa-14202	49	8	unconditional	unconditional	ADJ
ajfa-14202	49	9	distributions	distribution	NOUN
ajfa-14202	49	10	(	(	PUNCT
ajfa-14202	49	11	mandelbrot	mandelbrot	PROPN
ajfa-14202	49	12	1963	1963	NUM
ajfa-14202	49	13	,	,	PUNCT
ajfa-14202	49	14	fama	fama	PROPN
ajfa-14202	49	15	1963	1963	NUM
ajfa-14202	49	16	,	,	PUNCT
ajfa-14202	49	17	fama	fama	PROPN
ajfa-14202	49	18	1965	1965	NUM
ajfa-14202	49	19	)	)	PUNCT
ajfa-14202	49	20	,	,	PUNCT
ajfa-14202	49	21	which	which	PRON
ajfa-14202	49	22	is	be	AUX
ajfa-14202	49	23	related	relate	VERB
ajfa-14202	49	24	to	to	ADP
ajfa-14202	49	25	the	the	DET
ajfa-14202	49	26	time	time	NOUN
ajfa-14202	49	27	varying	vary	VERB
ajfa-14202	49	28	volatility	volatility	NOUN
ajfa-14202	49	29	(	(	PUNCT
ajfa-14202	49	30	corhay	corhay	PROPN
ajfa-14202	49	31	and	and	CCONJ
ajfa-14202	49	32	rad	rad	PROPN
ajfa-14202	49	33	,	,	PUNCT
ajfa-14202	49	34	1994	1994	NUM
ajfa-14202	49	35	)	)	PUNCT
ajfa-14202	49	36	and	and	CCONJ
ajfa-14202	49	37	are	be	AUX
ajfa-14202	49	38	characterized	characterize	VERB
ajfa-14202	49	39	by	by	ADP
ajfa-14202	49	40	volatility	volatility	NOUN
ajfa-14202	49	41	clustering	clustering	NOUN
ajfa-14202	49	42	(	(	PUNCT
ajfa-14202	49	43	mandelbrot	mandelbrot	PROPN
ajfa-14202	49	44	1963	1963	NUM
ajfa-14202	49	45	,	,	PUNCT
ajfa-14202	49	46	fama	fama	PROPN
ajfa-14202	49	47	1965	1965	NUM
ajfa-14202	49	48	)	)	PUNCT
ajfa-14202	49	49	.	.	PUNCT
ajfa-14202	50	1	schwart	schwart	NOUN
ajfa-14202	50	2	(	(	PUNCT
ajfa-14202	50	3	1989	1989	NUM
ajfa-14202	50	4	)	)	PUNCT
ajfa-14202	50	5	,	,	PUNCT
ajfa-14202	50	6	proved	prove	VERB
ajfa-14202	50	7	that	that	SCONJ
ajfa-14202	50	8	financial	financial	ADJ
ajfa-14202	50	9	time	time	NOUN
ajfa-14202	50	10	series	series	PROPN
ajfa-14202	50	11	reveals	reveal	VERB
ajfa-14202	50	12	high	high	ADJ
ajfa-14202	50	13	and	and	CCONJ
ajfa-14202	50	14	low	low	ADJ
ajfa-14202	50	15	volatility	volatility	NOUN
ajfa-14202	50	16	episodes	episode	NOUN
ajfa-14202	50	17	at	at	ADP
ajfa-14202	50	18	any	any	DET
ajfa-14202	50	19	time	time	NOUN
ajfa-14202	50	20	,	,	PUNCT
ajfa-14202	50	21	entailing	entail	VERB
ajfa-14202	50	22	that	that	DET
ajfa-14202	50	23	volatility	volatility	NOUN
ajfa-14202	50	24	in	in	ADP
ajfa-14202	50	25	current	current	ADJ
ajfa-14202	50	26	time	time	NOUN
ajfa-14202	50	27	will	will	AUX
ajfa-14202	50	28	lead	lead	VERB
ajfa-14202	50	29	to	to	ADP
ajfa-14202	50	30	the	the	DET
ajfa-14202	50	31	probability	probability	NOUN
ajfa-14202	50	32	of	of	ADP
ajfa-14202	50	33	volatility	volatility	NOUN
ajfa-14202	50	34	many	many	ADJ
ajfa-14202	50	35	periods	period	NOUN
ajfa-14202	50	36	in	in	ADP
ajfa-14202	50	37	future	future	NOUN
ajfa-14202	50	38	.	.	PUNCT
ajfa-14202	51	1	skewness	skewness	NOUN
ajfa-14202	51	2	can	can	AUX
ajfa-14202	51	3	be	be	AUX
ajfa-14202	51	4	associated	associate	VERB
ajfa-14202	51	5	to	to	ADP
ajfa-14202	51	6	the	the	DET
ajfa-14202	51	7	fact	fact	NOUN
ajfa-14202	51	8	that	that	SCONJ
ajfa-14202	51	9	stock	stock	NOUN
ajfa-14202	51	10	prices	price	NOUN
ajfa-14202	51	11	are	be	AUX
ajfa-14202	51	12	liable	liable	ADJ
ajfa-14202	51	13	to	to	PART
ajfa-14202	51	14	cluster	cluster	VERB
ajfa-14202	51	15	;	;	PUNCT
ajfa-14202	51	16	large	large	ADJ
ajfa-14202	51	17	(	(	PUNCT
ajfa-14202	51	18	small	small	ADJ
ajfa-14202	51	19	)	)	PUNCT
ajfa-14202	51	20	changes	change	NOUN
ajfa-14202	51	21	are	be	AUX
ajfa-14202	51	22	followed	follow	VERB
ajfa-14202	51	23	by	by	ADP
ajfa-14202	51	24	large	large	ADJ
ajfa-14202	51	25	(	(	PUNCT
ajfa-14202	51	26	small	small	ADJ
ajfa-14202	51	27	)	)	PUNCT
ajfa-14202	51	28	changes	change	NOUN
ajfa-14202	51	29	(	(	PUNCT
ajfa-14202	51	30	bollerslev	bollerslev	NOUN
ajfa-14202	51	31	1987	1987	NUM
ajfa-14202	51	32	,	,	PUNCT
ajfa-14202	51	33	lo	lo	PROPN
ajfa-14202	51	34	2000	2000	NUM
ajfa-14202	51	35	)	)	PUNCT
ajfa-14202	51	36	.	.	PUNCT
ajfa-14202	52	1	the	the	DET
ajfa-14202	52	2	next	next	ADJ
ajfa-14202	52	3	hypothesis	hypothesis	NOUN
ajfa-14202	52	4	in	in	ADP
ajfa-14202	52	5	this	this	DET
ajfa-14202	52	6	study	study	NOUN
ajfa-14202	52	7	is	be	AUX
ajfa-14202	52	8	:	:	PUNCT
ajfa-14202	52	9	h0	h0	PROPN
ajfa-14202	52	10	:	:	PUNCT
ajfa-14202	52	11	the	the	DET
ajfa-14202	52	12	monthly	monthly	ADJ
ajfa-14202	52	13	return	return	NOUN
ajfa-14202	52	14	data	datum	NOUN
ajfa-14202	52	15	of	of	ADP
ajfa-14202	52	16	the	the	DET
ajfa-14202	52	17	index	index	NOUN
ajfa-14202	52	18	are	be	AUX
ajfa-14202	52	19	not	not	PART
ajfa-14202	52	20	normally	normally	ADV
ajfa-14202	52	21	distributed	distribute	VERB
ajfa-14202	52	22	and	and	CCONJ
ajfa-14202	52	23	that	that	SCONJ
ajfa-14202	52	24	the	the	DET
ajfa-14202	52	25	series	series	NOUN
ajfa-14202	52	26	of	of	ADP
ajfa-14202	52	27	residuals	residual	NOUN
ajfa-14202	52	28	will	will	AUX
ajfa-14202	52	29	exhibit	exhibit	VERB
ajfa-14202	52	30	conditional	conditional	ADJ
ajfa-14202	52	31	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	52	32	(	(	PUNCT
ajfa-14202	52	33	arch	arch	ADJ
ajfa-14202	52	34	effects	effect	NOUN
ajfa-14202	52	35	)	)	PUNCT
ajfa-14202	52	36	shin	shin	NOUN
ajfa-14202	52	37	(	(	PUNCT
ajfa-14202	52	38	2005	2005	NUM
ajfa-14202	52	39	)	)	PUNCT
ajfa-14202	52	40	studied	study	VERB
ajfa-14202	52	41	the	the	DET
ajfa-14202	52	42	relationship	relationship	NOUN
ajfa-14202	52	43	between	between	ADP
ajfa-14202	52	44	risk	risk	NOUN
ajfa-14202	52	45	and	and	CCONJ
ajfa-14202	52	46	return	return	VERB
ajfa-14202	52	47	for	for	ADP
ajfa-14202	52	48	numerous	numerous	ADJ
ajfa-14202	52	49	emerging	emerge	VERB
ajfa-14202	52	50	markets	market	NOUN
ajfa-14202	52	51	and	and	CCONJ
ajfa-14202	52	52	found	find	VERB
ajfa-14202	52	53	a	a	DET
ajfa-14202	52	54	significant	significant	ADJ
ajfa-14202	52	55	association	association	NOUN
ajfa-14202	52	56	between	between	ADP
ajfa-14202	52	57	volatility	volatility	NOUN
ajfa-14202	52	58	and	and	CCONJ
ajfa-14202	52	59	returns	return	NOUN
ajfa-14202	52	60	in	in	ADP
ajfa-14202	52	61	emerging	emerge	VERB
ajfa-14202	52	62	capital	capital	NOUN
ajfa-14202	52	63	markets	market	NOUN
ajfa-14202	52	64	by	by	ADP
ajfa-14202	52	65	following	follow	VERB
ajfa-14202	52	66	non	non	ADJ
ajfa-14202	52	67	-	-	ADJ
ajfa-14202	52	68	parametric	parametric	ADJ
ajfa-14202	52	69	conditional	conditional	ADJ
ajfa-14202	52	70	variance	variance	NOUN
ajfa-14202	52	71	modeling	modeling	NOUN
ajfa-14202	52	72	.	.	PUNCT
ajfa-14202	53	1	de	de	X
ajfa-14202	53	2	santis	santis	PROPN
ajfa-14202	53	3	and	and	CCONJ
ajfa-14202	53	4	imrohoroglu	imrohoroglu	PROPN
ajfa-14202	53	5	(	(	PUNCT
ajfa-14202	53	6	1997	1997	NUM
ajfa-14202	53	7	)	)	PUNCT
ajfa-14202	53	8	examined	examine	VERB
ajfa-14202	53	9	stock	stock	NOUN
ajfa-14202	53	10	returns	return	NOUN
ajfa-14202	53	11	and	and	CCONJ
ajfa-14202	53	12	volatility	volatility	NOUN
ajfa-14202	53	13	in	in	ADP
ajfa-14202	53	14	emerging	emerge	VERB
ajfa-14202	53	15	markets	market	NOUN
ajfa-14202	53	16	and	and	CCONJ
ajfa-14202	53	17	proved	prove	VERB
ajfa-14202	53	18	the	the	DET
ajfa-14202	53	19	presence	presence	NOUN
ajfa-14202	53	20	of	of	ADP
ajfa-14202	53	21	asian	asian	ADJ
ajfa-14202	53	22	journal	journal	NOUN
ajfa-14202	53	23	of	of	ADP
ajfa-14202	53	24	finance	finance	PROPN
ajfa-14202	53	25	&	&	CCONJ
ajfa-14202	53	26	accounting	accounting	PROPN
ajfa-14202	53	27	issn	issn	PROPN
ajfa-14202	53	28	1946	1946	NUM
ajfa-14202	53	29	-	-	PUNCT
ajfa-14202	53	30	052x	052x	PROPN
ajfa-14202	53	31	2019	2019	NUM
ajfa-14202	53	32	,	,	PUNCT
ajfa-14202	53	33	vol	vol	NOUN
ajfa-14202	53	34	.	.	PROPN
ajfa-14202	53	35	11	11	NUM
ajfa-14202	53	36	,	,	PUNCT
ajfa-14202	53	37	no	no	INTJ
ajfa-14202	53	38	.	.	NOUN
ajfa-14202	53	39	1	1	NUM
ajfa-14202	53	40	44	44	NUM
ajfa-14202	53	41	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	53	42	clustering	clustering	NOUN
ajfa-14202	53	43	,	,	PUNCT
ajfa-14202	53	44	predictability	predictability	NOUN
ajfa-14202	53	45	and	and	CCONJ
ajfa-14202	53	46	persistence	persistence	NOUN
ajfa-14202	53	47	in	in	ADP
ajfa-14202	53	48	conditional	conditional	ADJ
ajfa-14202	53	49	volatility	volatility	NOUN
ajfa-14202	53	50	,	,	PUNCT
ajfa-14202	53	51	but	but	CCONJ
ajfa-14202	53	52	exhibit	exhibit	VERB
ajfa-14202	53	53	it	it	PRON
ajfa-14202	53	54	at	at	ADP
ajfa-14202	53	55	a	a	DET
ajfa-14202	53	56	higher	high	ADJ
ajfa-14202	53	57	level	level	NOUN
ajfa-14202	53	58	than	than	ADP
ajfa-14202	53	59	mature	mature	ADJ
ajfa-14202	53	60	markets	market	NOUN
ajfa-14202	53	61	.	.	PUNCT
ajfa-14202	54	1	bekaert	bekaert	NOUN
ajfa-14202	54	2	and	and	CCONJ
ajfa-14202	54	3	harvey	harvey	PROPN
ajfa-14202	54	4	(	(	PUNCT
ajfa-14202	54	5	1995	1995	NUM
ajfa-14202	54	6	)	)	PUNCT
ajfa-14202	54	7	suggested	suggest	VERB
ajfa-14202	54	8	that	that	SCONJ
ajfa-14202	54	9	emerging	emerge	VERB
ajfa-14202	54	10	markets	market	NOUN
ajfa-14202	54	11	are	be	AUX
ajfa-14202	54	12	found	find	VERB
ajfa-14202	54	13	to	to	PART
ajfa-14202	54	14	offer	offer	VERB
ajfa-14202	54	15	superior	superior	ADJ
ajfa-14202	54	16	return	return	NOUN
ajfa-14202	54	17	than	than	ADP
ajfa-14202	54	18	those	those	PRON
ajfa-14202	54	19	of	of	ADP
ajfa-14202	54	20	mature	mature	ADJ
ajfa-14202	54	21	markets	market	NOUN
ajfa-14202	54	22	but	but	CCONJ
ajfa-14202	54	23	is	be	AUX
ajfa-14202	54	24	associated	associate	VERB
ajfa-14202	54	25	,	,	PUNCT
ajfa-14202	54	26	nevertheless	nevertheless	ADV
ajfa-14202	54	27	,	,	PUNCT
ajfa-14202	54	28	with	with	ADP
ajfa-14202	54	29	high	high	ADJ
ajfa-14202	54	30	volatility	volatility	NOUN
ajfa-14202	54	31	and	and	CCONJ
ajfa-14202	54	32	high	high	ADJ
ajfa-14202	54	33	serial	serial	ADJ
ajfa-14202	54	34	correlation	correlation	NOUN
ajfa-14202	54	35	.	.	PUNCT
ajfa-14202	55	1	lee	lee	PROPN
ajfa-14202	55	2	c.f	c.f	PROPN
ajfa-14202	55	3	,	,	PUNCT
ajfa-14202	55	4	chen	chen	PROPN
ajfa-14202	55	5	g.m	g.m	PROPN
ajfa-14202	55	6	and	and	CCONJ
ajfa-14202	55	7	rui	rui	PROPN
ajfa-14202	55	8	o.m	o.m	PROPN
ajfa-14202	55	9	(	(	PUNCT
ajfa-14202	55	10	2001	2001	NUM
ajfa-14202	55	11	)	)	PUNCT
ajfa-14202	55	12	studied	study	VERB
ajfa-14202	55	13	the	the	DET
ajfa-14202	55	14	financial	financial	ADJ
ajfa-14202	55	15	data	datum	NOUN
ajfa-14202	55	16	of	of	ADP
ajfa-14202	55	17	stock	stock	NOUN
ajfa-14202	55	18	returns	return	NOUN
ajfa-14202	55	19	and	and	CCONJ
ajfa-14202	55	20	volatility	volatility	NOUN
ajfa-14202	55	21	in	in	ADP
ajfa-14202	55	22	four	four	NUM
ajfa-14202	55	23	of	of	ADP
ajfa-14202	55	24	china	china	PROPN
ajfa-14202	55	25	’s	’s	PART
ajfa-14202	55	26	stock	stock	NOUN
ajfa-14202	55	27	markets	market	NOUN
ajfa-14202	55	28	and	and	CCONJ
ajfa-14202	55	29	found	find	VERB
ajfa-14202	55	30	evidence	evidence	NOUN
ajfa-14202	55	31	of	of	ADP
ajfa-14202	55	32	time	time	NOUN
ajfa-14202	55	33	-	-	PUNCT
ajfa-14202	55	34	varying	vary	VERB
ajfa-14202	55	35	volatility	volatility	NOUN
ajfa-14202	55	36	and	and	CCONJ
ajfa-14202	55	37	showed	show	VERB
ajfa-14202	55	38	volatility	volatility	NOUN
ajfa-14202	55	39	is	be	AUX
ajfa-14202	55	40	highly	highly	ADV
ajfa-14202	55	41	persistent	persistent	ADJ
ajfa-14202	55	42	and	and	CCONJ
ajfa-14202	55	43	expected	expect	VERB
ajfa-14202	55	44	.	.	PUNCT
ajfa-14202	56	1	balaban	balaban	PROPN
ajfa-14202	56	2	.e	.e	PROPN
ajfa-14202	56	3	,	,	PUNCT
ajfa-14202	56	4	bayar	bayar	PROPN
ajfa-14202	56	5	.a	.a	PROPN
ajfa-14202	56	6	and	and	CCONJ
ajfa-14202	56	7	fatt	fatt	ADJ
ajfa-14202	56	8	.r	.r	PROPN
ajfa-14202	56	9	(	(	PUNCT
ajfa-14202	56	10	2003	2003	NUM
ajfa-14202	56	11	)	)	PUNCT
ajfa-14202	56	12	examined	examine	VERB
ajfa-14202	56	13	financial	financial	ADJ
ajfa-14202	56	14	data	datum	NOUN
ajfa-14202	56	15	from	from	ADP
ajfa-14202	56	16	14	14	NUM
ajfa-14202	56	17	countries	country	NOUN
ajfa-14202	56	18	and	and	CCONJ
ajfa-14202	56	19	found	find	VERB
ajfa-14202	56	20	arch	arch	ADJ
ajfa-14202	56	21	-	-	PUNCT
ajfa-14202	56	22	type	type	NOUN
ajfa-14202	56	23	models	model	NOUN
ajfa-14202	56	24	provide	provide	VERB
ajfa-14202	56	25	the	the	DET
ajfa-14202	56	26	best	well	ADV
ajfa-14202	56	27	fitted	fit	VERB
ajfa-14202	56	28	model	model	NOUN
ajfa-14202	56	29	.	.	PUNCT
ajfa-14202	57	1	ogum	ogum	PROPN
ajfa-14202	57	2	.g	.g	PROPN
ajfa-14202	57	3	,	,	PUNCT
ajfa-14202	57	4	beer	beer	NOUN
ajfa-14202	57	5	.f	.f	NOUN
ajfa-14202	57	6	and	and	CCONJ
ajfa-14202	57	7	nouyrigat	nouyrigat	ADJ
ajfa-14202	57	8	.g	.g	NOUN
ajfa-14202	57	9	(	(	PUNCT
ajfa-14202	57	10	2005	2005	NUM
ajfa-14202	57	11	)	)	PUNCT
ajfa-14202	57	12	investigated	investigate	VERB
ajfa-14202	57	13	the	the	DET
ajfa-14202	57	14	market	market	NOUN
ajfa-14202	57	15	volatility	volatility	NOUN
ajfa-14202	57	16	using	use	VERB
ajfa-14202	57	17	nigeria	nigeria	PROPN
ajfa-14202	57	18	and	and	CCONJ
ajfa-14202	57	19	kenya	kenya	PROPN
ajfa-14202	57	20	stock	stock	PROPN
ajfa-14202	57	21	return	return	PROPN
ajfa-14202	57	22	series	series	NOUN
ajfa-14202	57	23	and	and	CCONJ
ajfa-14202	57	24	found	find	VERB
ajfa-14202	57	25	that	that	SCONJ
ajfa-14202	57	26	the	the	DET
ajfa-14202	57	27	egarch	egarch	NOUN
ajfa-14202	57	28	model	model	NOUN
ajfa-14202	57	29	was	be	AUX
ajfa-14202	57	30	the	the	DET
ajfa-14202	57	31	best	well	ADV
ajfa-14202	57	32	fit	fit	ADJ
ajfa-14202	57	33	and	and	CCONJ
ajfa-14202	57	34	showed	show	VERB
ajfa-14202	57	35	that	that	SCONJ
ajfa-14202	57	36	asymmetric	asymmetric	ADJ
ajfa-14202	57	37	volatility	volatility	NOUN
ajfa-14202	57	38	found	find	VERB
ajfa-14202	57	39	in	in	ADP
ajfa-14202	57	40	the	the	DET
ajfa-14202	57	41	u.s	u.s	PROPN
ajfa-14202	57	42	.	.	PROPN
ajfa-14202	57	43	and	and	CCONJ
ajfa-14202	57	44	other	other	ADJ
ajfa-14202	57	45	developed	develop	VERB
ajfa-14202	57	46	markets	market	NOUN
ajfa-14202	57	47	was	be	AUX
ajfa-14202	57	48	also	also	ADV
ajfa-14202	57	49	present	present	ADJ
ajfa-14202	57	50	in	in	ADP
ajfa-14202	57	51	the	the	DET
ajfa-14202	57	52	nigerian	nigerian	ADJ
ajfa-14202	57	53	stock	stock	NOUN
ajfa-14202	57	54	market	market	NOUN
ajfa-14202	57	55	(	(	PUNCT
ajfa-14202	57	56	nsm	nsm	NOUN
ajfa-14202	57	57	)	)	PUNCT
ajfa-14202	57	58	,	,	PUNCT
ajfa-14202	57	59	but	but	CCONJ
ajfa-14202	57	60	kenya	kenya	PROPN
ajfa-14202	57	61	demonstrated	demonstrate	VERB
ajfa-14202	57	62	significant	significant	ADJ
ajfa-14202	57	63	and	and	CCONJ
ajfa-14202	57	64	positive	positive	ADJ
ajfa-14202	57	65	asymmetric	asymmetric	ADJ
ajfa-14202	57	66	volatility	volatility	NOUN
ajfa-14202	57	67	.	.	PUNCT
ajfa-14202	58	1	based	base	VERB
ajfa-14202	58	2	on	on	ADP
ajfa-14202	58	3	the	the	DET
ajfa-14202	58	4	above	above	ADJ
ajfa-14202	58	5	literature	literature	NOUN
ajfa-14202	58	6	the	the	DET
ajfa-14202	58	7	final	final	ADJ
ajfa-14202	58	8	hypothesis	hypothesis	NOUN
ajfa-14202	58	9	of	of	ADP
ajfa-14202	58	10	this	this	DET
ajfa-14202	58	11	study	study	NOUN
ajfa-14202	58	12	is	be	AUX
ajfa-14202	58	13	:	:	PUNCT
ajfa-14202	58	14	h0	h0	NOUN
ajfa-14202	58	15	:	:	PUNCT
ajfa-14202	58	16	stock	stock	NOUN
ajfa-14202	58	17	markets	market	NOUN
ajfa-14202	58	18	in	in	ADP
ajfa-14202	58	19	the	the	DET
ajfa-14202	58	20	emerging	emerge	VERB
ajfa-14202	58	21	economies	economy	NOUN
ajfa-14202	58	22	are	be	AUX
ajfa-14202	58	23	volatile	volatile	ADJ
ajfa-14202	58	24	and	and	CCONJ
ajfa-14202	58	25	persistent	persistent	ADJ
ajfa-14202	58	26	the	the	DET
ajfa-14202	58	27	arch	arch	ADJ
ajfa-14202	58	28	and	and	CCONJ
ajfa-14202	58	29	garch	garch	NOUN
ajfa-14202	58	30	literature	literature	NOUN
ajfa-14202	58	31	in	in	ADP
ajfa-14202	58	32	emerging	emerge	VERB
ajfa-14202	58	33	markets	market	NOUN
ajfa-14202	58	34	which	which	PRON
ajfa-14202	58	35	are	be	AUX
ajfa-14202	58	36	also	also	ADV
ajfa-14202	58	37	primarily	primarily	ADV
ajfa-14202	58	38	oil	oil	NOUN
ajfa-14202	58	39	exporting	export	VERB
ajfa-14202	58	40	countries	country	NOUN
ajfa-14202	58	41	is	be	AUX
ajfa-14202	58	42	very	very	ADV
ajfa-14202	58	43	scarce	scarce	ADJ
ajfa-14202	58	44	.	.	PUNCT
ajfa-14202	59	1	hence	hence	ADV
ajfa-14202	59	2	an	an	DET
ajfa-14202	59	3	attempt	attempt	NOUN
ajfa-14202	59	4	is	be	AUX
ajfa-14202	59	5	made	make	VERB
ajfa-14202	59	6	in	in	ADP
ajfa-14202	59	7	this	this	DET
ajfa-14202	59	8	study	study	NOUN
ajfa-14202	59	9	to	to	PART
ajfa-14202	59	10	explore	explore	VERB
ajfa-14202	59	11	the	the	DET
ajfa-14202	59	12	volatility	volatility	NOUN
ajfa-14202	59	13	pattern	pattern	NOUN
ajfa-14202	59	14	of	of	ADP
ajfa-14202	59	15	the	the	DET
ajfa-14202	59	16	stock	stock	NOUN
ajfa-14202	59	17	market	market	NOUN
ajfa-14202	59	18	in	in	ADP
ajfa-14202	59	19	emerging	emerge	VERB
ajfa-14202	59	20	economies	economy	NOUN
ajfa-14202	59	21	which	which	PRON
ajfa-14202	59	22	are	be	AUX
ajfa-14202	59	23	primarily	primarily	ADV
ajfa-14202	59	24	oil	oil	NOUN
ajfa-14202	59	25	exporting	export	VERB
ajfa-14202	59	26	countries	country	NOUN
ajfa-14202	59	27	using	use	VERB
ajfa-14202	59	28	both	both	CCONJ
ajfa-14202	59	29	symmetric	symmetric	ADJ
ajfa-14202	59	30	and	and	CCONJ
ajfa-14202	59	31	asymmetric	asymmetric	ADJ
ajfa-14202	59	32	models	model	NOUN
ajfa-14202	59	33	.	.	PUNCT
ajfa-14202	60	1	this	this	DET
ajfa-14202	60	2	study	study	NOUN
ajfa-14202	60	3	also	also	ADV
ajfa-14202	60	4	investigates	investigate	VERB
ajfa-14202	60	5	the	the	DET
ajfa-14202	60	6	presence	presence	NOUN
ajfa-14202	60	7	of	of	ADP
ajfa-14202	60	8	leverage	leverage	NOUN
ajfa-14202	60	9	effect	effect	NOUN
ajfa-14202	60	10	in	in	ADP
ajfa-14202	60	11	the	the	DET
ajfa-14202	60	12	daily	daily	ADJ
ajfa-14202	60	13	return	return	NOUN
ajfa-14202	60	14	series	series	NOUN
ajfa-14202	60	15	using	use	VERB
ajfa-14202	60	16	egarch	egarch	NOUN
ajfa-14202	60	17	and	and	CCONJ
ajfa-14202	60	18	tgarch	tgarch	PROPN
ajfa-14202	60	19	model	model	NOUN
ajfa-14202	60	20	.	.	PUNCT
ajfa-14202	61	1	2	2	X
ajfa-14202	61	2	.	.	X
ajfa-14202	61	3	methodology	methodology	NOUN
ajfa-14202	61	4	3.1	3.1	NUM
ajfa-14202	61	5	data	datum	NOUN
ajfa-14202	61	6	and	and	CCONJ
ajfa-14202	61	7	samples	sample	NOUN
ajfa-14202	61	8	monthly	monthly	ADJ
ajfa-14202	61	9	close	close	ADJ
ajfa-14202	61	10	level	level	NOUN
ajfa-14202	61	11	data	datum	NOUN
ajfa-14202	61	12	for	for	ADP
ajfa-14202	61	13	analysis	analysis	NOUN
ajfa-14202	61	14	was	be	AUX
ajfa-14202	61	15	extracted	extract	VERB
ajfa-14202	61	16	for	for	ADP
ajfa-14202	61	17	selected	select	VERB
ajfa-14202	61	18	emerging	emerge	VERB
ajfa-14202	61	19	economies	economy	NOUN
ajfa-14202	61	20	from	from	ADP
ajfa-14202	61	21	january	january	PROPN
ajfa-14202	61	22	2008	2008	NUM
ajfa-14202	61	23	to	to	PART
ajfa-14202	61	24	december	december	PROPN
ajfa-14202	61	25	2017.the	2017.the	DET
ajfa-14202	61	26	data	datum	NOUN
ajfa-14202	61	27	collected	collect	VERB
ajfa-14202	61	28	were	be	AUX
ajfa-14202	61	29	transformed	transform	VERB
ajfa-14202	61	30	into	into	ADP
ajfa-14202	61	31	continuously	continuously	ADV
ajfa-14202	61	32	compounded	compound	VERB
ajfa-14202	61	33	return	return	NOUN
ajfa-14202	61	34	as	as	SCONJ
ajfa-14202	61	35	follows	follow	VERB
ajfa-14202	61	36	:	:	PUNCT
ajfa-14202	61	37	𝑟	𝑟	NOUN
ajfa-14202	61	38	=	=	SYM
ajfa-14202	61	39	in	in	ADP
ajfa-14202	61	40	(	(	PUNCT
ajfa-14202	61	41	𝑃	𝑃	NOUN
ajfa-14202	61	42	/𝑃	/𝑃	PUNCT
ajfa-14202	61	43	)	)	PUNCT
ajfa-14202	62	1	*	*	PUNCT
ajfa-14202	62	2	100	100	NUM
ajfa-14202	62	3	(	(	PUNCT
ajfa-14202	62	4	1	1	NUM
ajfa-14202	62	5	)	)	PUNCT
ajfa-14202	62	6	𝑟	𝑟	NOUN
ajfa-14202	62	7	=	=	SYM
ajfa-14202	62	8	logarithmic	logarithmic	ADJ
ajfa-14202	62	9	index	index	NOUN
ajfa-14202	62	10	return	return	NOUN
ajfa-14202	62	11	,	,	PUNCT
ajfa-14202	62	12	in	in	ADP
ajfa-14202	62	13	=	=	VERB
ajfa-14202	62	14	natural	natural	ADJ
ajfa-14202	62	15	logarithm	logarithm	NOUN
ajfa-14202	62	16	,	,	PUNCT
ajfa-14202	62	17	𝑃	𝑃	NOUN
ajfa-14202	62	18	=	=	NOUN
ajfa-14202	62	19	current	current	ADJ
ajfa-14202	62	20	closing	closing	NOUN
ajfa-14202	62	21	price	price	NOUN
ajfa-14202	62	22	,	,	PUNCT
ajfa-14202	62	23	𝑃	𝑃	NOUN
ajfa-14202	62	24	=	=	NOUN
ajfa-14202	62	25	previous	previous	ADJ
ajfa-14202	62	26	closing	closing	NOUN
ajfa-14202	62	27	price	price	NOUN
ajfa-14202	62	28	.	.	PUNCT
ajfa-14202	63	1	the	the	DET
ajfa-14202	63	2	indices	index	NOUN
ajfa-14202	63	3	considered	consider	VERB
ajfa-14202	63	4	are	be	AUX
ajfa-14202	63	5	shown	show	VERB
ajfa-14202	63	6	in	in	ADP
ajfa-14202	63	7	table	table	NOUN
ajfa-14202	64	1	no	no	INTJ
ajfa-14202	64	2	i	i	PRON
ajfa-14202	64	3	,	,	PUNCT
ajfa-14202	64	4	for	for	ADP
ajfa-14202	64	5	the	the	DET
ajfa-14202	64	6	period	period	NOUN
ajfa-14202	64	7	covering	cover	VERB
ajfa-14202	64	8	january	january	PROPN
ajfa-14202	64	9	1st	1st	NOUN
ajfa-14202	64	10	,	,	PUNCT
ajfa-14202	64	11	2008	2008	NUM
ajfa-14202	64	12	to	to	ADP
ajfa-14202	64	13	december	december	PROPN
ajfa-14202	64	14	31	31	NUM
ajfa-14202	64	15	,	,	PUNCT
ajfa-14202	64	16	2017	2017	NUM
ajfa-14202	64	17	.	.	PUNCT
ajfa-14202	65	1	after	after	ADP
ajfa-14202	65	2	filtering	filter	VERB
ajfa-14202	65	3	the	the	DET
ajfa-14202	65	4	return	return	NOUN
ajfa-14202	65	5	series	series	NOUN
ajfa-14202	65	6	with	with	ADP
ajfa-14202	65	7	ar	ar	PROPN
ajfa-14202	65	8	(	(	PUNCT
ajfa-14202	65	9	1	1	NUM
ajfa-14202	65	10	)	)	PUNCT
ajfa-14202	65	11	models	model	NOUN
ajfa-14202	65	12	,	,	PUNCT
ajfa-14202	65	13	the	the	DET
ajfa-14202	65	14	study	study	NOUN
ajfa-14202	65	15	fitted	fit	VERB
ajfa-14202	65	16	the	the	DET
ajfa-14202	65	17	garch	garch	NOUN
ajfa-14202	65	18	(	(	PUNCT
ajfa-14202	65	19	1,1	1,1	NUM
ajfa-14202	65	20	)	)	PUNCT
ajfa-14202	65	21	,	,	PUNCT
ajfa-14202	65	22	tgarch	tgarch	NOUN
ajfa-14202	65	23	(	(	PUNCT
ajfa-14202	65	24	1,1	1,1	NUM
ajfa-14202	65	25	)	)	PUNCT
ajfa-14202	65	26	,	,	PUNCT
ajfa-14202	65	27	egarch(1,1	egarch(1,1	NOUN
ajfa-14202	65	28	)	)	PUNCT
ajfa-14202	65	29	,	,	PUNCT
ajfa-14202	65	30	and	and	CCONJ
ajfa-14202	65	31	gjr	gjr	NOUN
ajfa-14202	65	32	-	-	PUNCT
ajfa-14202	65	33	garch(1,1	garch(1,1	NOUN
ajfa-14202	65	34	)	)	PUNCT
ajfa-14202	65	35	models	model	NOUN
ajfa-14202	65	36	with	with	ADP
ajfa-14202	65	37	standardized	standardized	ADJ
ajfa-14202	65	38	student	student	NOUN
ajfa-14202	65	39	‘	'	PUNCT
ajfa-14202	65	40	t	t	NOUN
ajfa-14202	65	41	’	'	PUNCT
ajfa-14202	65	42	model	model	NOUN
ajfa-14202	65	43	.	.	PUNCT
ajfa-14202	66	1	three	three	NUM
ajfa-14202	66	2	methods	method	NOUN
ajfa-14202	66	3	are	be	AUX
ajfa-14202	66	4	used	use	VERB
ajfa-14202	66	5	to	to	PART
ajfa-14202	66	6	compare	compare	VERB
ajfa-14202	66	7	the	the	DET
ajfa-14202	66	8	models	model	NOUN
ajfa-14202	66	9	.	.	PUNCT
ajfa-14202	67	1	the	the	DET
ajfa-14202	67	2	first	first	ADJ
ajfa-14202	67	3	one	one	NOUN
ajfa-14202	67	4	uses	use	VERB
ajfa-14202	67	5	the	the	DET
ajfa-14202	67	6	log	log	NOUN
ajfa-14202	67	7	likelihood	likelihood	NOUN
ajfa-14202	67	8	,	,	PUNCT
ajfa-14202	67	9	akaike	akaike	ADJ
ajfa-14202	67	10	information	information	NOUN
ajfa-14202	67	11	criterion	criterion	NOUN
ajfa-14202	67	12	(	(	PUNCT
ajfa-14202	67	13	aic	aic	PROPN
ajfa-14202	67	14	)	)	PUNCT
ajfa-14202	67	15	(	(	PUNCT
ajfa-14202	67	16	akaike	akaike	ADJ
ajfa-14202	67	17	,	,	PUNCT
ajfa-14202	67	18	1974	1974	NUM
ajfa-14202	67	19	)	)	PUNCT
ajfa-14202	67	20	and	and	CCONJ
ajfa-14202	67	21	the	the	DET
ajfa-14202	67	22	schwartz	schwartz	PROPN
ajfa-14202	67	23	information	information	NOUN
ajfa-14202	67	24	criterion	criterion	NOUN
ajfa-14202	67	25	(	(	PUNCT
ajfa-14202	67	26	sic	sic	ADJ
ajfa-14202	67	27	)	)	PUNCT
ajfa-14202	67	28	(	(	PUNCT
ajfa-14202	67	29	schwarz	schwarz	NOUN
ajfa-14202	67	30	,	,	PUNCT
ajfa-14202	67	31	1978	1978	NUM
ajfa-14202	67	32	)	)	PUNCT
ajfa-14202	67	33	to	to	PART
ajfa-14202	67	34	select	select	VERB
ajfa-14202	67	35	the	the	DET
ajfa-14202	67	36	best	good	ADJ
ajfa-14202	67	37	model	model	NOUN
ajfa-14202	67	38	.	.	PUNCT
ajfa-14202	68	1	asian	asian	ADJ
ajfa-14202	68	2	journal	journal	PROPN
ajfa-14202	68	3	of	of	ADP
ajfa-14202	68	4	finance	finance	PROPN
ajfa-14202	68	5	&	&	CCONJ
ajfa-14202	68	6	accounting	accounting	PROPN
ajfa-14202	68	7	issn	issn	PROPN
ajfa-14202	68	8	1946	1946	NUM
ajfa-14202	68	9	-	-	PUNCT
ajfa-14202	68	10	052x	052x	PROPN
ajfa-14202	68	11	2019	2019	NUM
ajfa-14202	68	12	,	,	PUNCT
ajfa-14202	68	13	vol	vol	NOUN
ajfa-14202	68	14	.	.	PROPN
ajfa-14202	68	15	11	11	NUM
ajfa-14202	68	16	,	,	PUNCT
ajfa-14202	68	17	no	no	INTJ
ajfa-14202	68	18	.	.	NOUN
ajfa-14202	68	19	1	1	NUM
ajfa-14202	68	20	45	45	NUM
ajfa-14202	68	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	68	22	table	table	NOUN
ajfa-14202	68	23	i.	i.	NOUN
ajfa-14202	68	24	name	name	NOUN
ajfa-14202	68	25	of	of	ADP
ajfa-14202	68	26	the	the	DET
ajfa-14202	68	27	exchange	exchange	NOUN
ajfa-14202	68	28	country	country	NOUN
ajfa-14202	68	29	name	name	NOUN
ajfa-14202	68	30	of	of	ADP
ajfa-14202	68	31	exchange	exchange	NOUN
ajfa-14202	68	32	index	index	NOUN
ajfa-14202	68	33	year	year	NOUN
ajfa-14202	68	34	of	of	ADP
ajfa-14202	68	35	establishment	establishment	NOUN
ajfa-14202	68	36	no	no	PROPN
ajfa-14202	68	37	of	of	ADP
ajfa-14202	68	38	listed	list	VERB
ajfa-14202	68	39	companies	company	NOUN
ajfa-14202	68	40	south	south	PROPN
ajfa-14202	68	41	africa	africa	PROPN
ajfa-14202	68	42	johannesburg	johannesburg	PROPN
ajfa-14202	68	43	stock	stock	PROPN
ajfa-14202	68	44	exchange	exchange	PROPN
ajfa-14202	68	45	jse	jse	PROPN
ajfa-14202	68	46	8th	8th	PROPN
ajfa-14202	68	47	november	november	PROPN
ajfa-14202	68	48	1887	1887	NUM
ajfa-14202	68	49	388	388	NUM
ajfa-14202	68	50	south	south	PROPN
ajfa-14202	68	51	korea	korea	PROPN
ajfa-14202	68	52	korean	korean	PROPN
ajfa-14202	68	53	exchange	exchange	PROPN
ajfa-14202	68	54	krx	krx	PROPN
ajfa-14202	68	55	27th	27th	ADJ
ajfa-14202	68	56	january	january	PROPN
ajfa-14202	68	57	2005	2005	NUM
ajfa-14202	68	58	2030	2030	NUM
ajfa-14202	68	59	saudi	saudi	PROPN
ajfa-14202	68	60	arabia	arabia	PROPN
ajfa-14202	68	61	tadawul	tadawul	PROPN
ajfa-14202	68	62	tasi	tasi	PROPN
ajfa-14202	68	63	19th	19th	PROPN
ajfa-14202	68	64	march,2007	march,2007	PROPN
ajfa-14202	68	65	171	171	NUM
ajfa-14202	68	66	peru	peru	PROPN
ajfa-14202	69	1	the	the	DET
ajfa-14202	69	2	lima	lima	PROPN
ajfa-14202	69	3	stock	stock	PROPN
ajfa-14202	69	4	exchange	exchange	PROPN
ajfa-14202	69	5	bvl	bvl	PROPN
ajfa-14202	69	6	31st	31st	PROPN
ajfa-14202	69	7	december,1860	december,1860	PROPN
ajfa-14202	69	8	283	283	NUM
ajfa-14202	69	9	hungary	hungary	PROPN
ajfa-14202	69	10	budapest	budapest	PROPN
ajfa-14202	69	11	stock	stock	PROPN
ajfa-14202	69	12	exchange	exchange	PROPN
ajfa-14202	69	13	bse	bse	PROPN
ajfa-14202	69	14	18th	18th	NOUN
ajfa-14202	69	15	january,1864	january,1864	NOUN
ajfa-14202	69	16	58	58	NUM
ajfa-14202	69	17	iran	iran	PROPN
ajfa-14202	69	18	tehran	tehran	PROPN
ajfa-14202	69	19	stock	stock	PROPN
ajfa-14202	69	20	exchange	exchange	PROPN
ajfa-14202	69	21	tse	tse	PROPN
ajfa-14202	69	22	february	february	PROPN
ajfa-14202	69	23	4	4	NUM
ajfa-14202	69	24	,	,	PUNCT
ajfa-14202	69	25	1967	1967	NUM
ajfa-14202	69	26	339	339	NUM
ajfa-14202	69	27	brazil	brazil	PROPN
ajfa-14202	69	28	brasil	brasil	PROPN
ajfa-14202	69	29	bolsa	bolsa	NOUN
ajfa-14202	69	30	balcão	balcão	PROPN
ajfa-14202	69	31	s.a.(b3	s.a.(b3	PROPN
ajfa-14202	69	32	)	)	PUNCT
ajfa-14202	69	33	bovespa	bovespa	PROPN
ajfa-14202	69	34	august	august	PROPN
ajfa-14202	69	35	23	23	NUM
ajfa-14202	69	36	,	,	PUNCT
ajfa-14202	69	37	1890	1890	NUM
ajfa-14202	69	38	368	368	NUM
ajfa-14202	69	39	poland	poland	PROPN
ajfa-14202	69	40	warsaw	warsaw	PROPN
ajfa-14202	69	41	stock	stock	PROPN
ajfa-14202	69	42	exchange	exchange	PROPN
ajfa-14202	69	43	wse	wse	PROPN
ajfa-14202	69	44	april	april	PROPN
ajfa-14202	69	45	12	12	NUM
ajfa-14202	69	46	,	,	PUNCT
ajfa-14202	69	47	1991	1991	NUM
ajfa-14202	69	48	64	64	NUM
ajfa-14202	69	49	philippines	philippine	NOUN
ajfa-14202	69	50	philippine	philippine	ADJ
ajfa-14202	69	51	stock	stock	PROPN
ajfa-14202	69	52	exchange	exchange	PROPN
ajfa-14202	69	53	pse	pse	NOUN
ajfa-14202	69	54	august	august	PROPN
ajfa-14202	69	55	8	8	NUM
ajfa-14202	69	56	,	,	PUNCT
ajfa-14202	69	57	1927	1927	NUM
ajfa-14202	69	58	344	344	NUM
ajfa-14202	69	59	vietnam	vietnam	PROPN
ajfa-14202	69	60	ho	ho	PROPN
ajfa-14202	69	61	chi	chi	PROPN
ajfa-14202	69	62	minh	minh	PROPN
ajfa-14202	69	63	city	city	PROPN
ajfa-14202	69	64	stock	stock	PROPN
ajfa-14202	69	65	exchange	exchange	PROPN
ajfa-14202	69	66	hose	hose	PROPN
ajfa-14202	69	67	/	/	SYM
ajfa-14202	69	68	hsx	hsx	NOUN
ajfa-14202	69	69	july,2000	july,2000	PROPN
ajfa-14202	69	70	396	396	NUM
ajfa-14202	69	71	columbia	columbia	PROPN
ajfa-14202	69	72	colombia	colombia	PROPN
ajfa-14202	69	73	stock	stock	PROPN
ajfa-14202	69	74	exchange	exchange	PROPN
ajfa-14202	69	75	bvc	bvc	PROPN
ajfa-14202	69	76	november	november	PROPN
ajfa-14202	69	77	23	23	NUM
ajfa-14202	69	78	,	,	PUNCT
ajfa-14202	69	79	1928	1928	NUM
ajfa-14202	69	80	89	89	NUM
ajfa-14202	69	81	russia	russia	PROPN
ajfa-14202	69	82	moscow	moscow	PROPN
ajfa-14202	69	83	exchange	exchange	PROPN
ajfa-14202	69	84	moex	moex	NOUN
ajfa-14202	69	85	19	19	NUM
ajfa-14202	69	86	december	december	PROPN
ajfa-14202	69	87	2011	2011	NUM
ajfa-14202	69	88	219	219	NUM
ajfa-14202	69	89	egypt	egypt	PROPN
ajfa-14202	69	90	egyptian	egyptian	PROPN
ajfa-14202	69	91	exchange	exchange	PROPN
ajfa-14202	69	92	egx	egx	PROPN
ajfa-14202	69	93	march,1883	march,1883	NOUN
ajfa-14202	69	94	202	202	NUM
ajfa-14202	69	95	3.2	3.2	NUM
ajfa-14202	69	96	stationarity	stationarity	NOUN
ajfa-14202	69	97	test	test	NOUN
ajfa-14202	69	98	the	the	DET
ajfa-14202	69	99	financial	financial	ADJ
ajfa-14202	69	100	time	time	NOUN
ajfa-14202	69	101	series	series	PROPN
ajfa-14202	69	102	data	data	PROPN
ajfa-14202	69	103	is	be	AUX
ajfa-14202	69	104	deemed	deem	VERB
ajfa-14202	69	105	stationary	stationary	ADJ
ajfa-14202	69	106	,	,	PUNCT
ajfa-14202	69	107	when	when	SCONJ
ajfa-14202	69	108	it	it	PRON
ajfa-14202	69	109	’s	’	VERB
ajfa-14202	69	110	mean	mean	ADJ
ajfa-14202	69	111	,	,	PUNCT
ajfa-14202	69	112	variance	variance	NOUN
ajfa-14202	69	113	and	and	CCONJ
ajfa-14202	69	114	autocovariance	autocovariance	NOUN
ajfa-14202	69	115	at	at	ADP
ajfa-14202	69	116	different	different	ADJ
ajfa-14202	69	117	lags	lag	NOUN
ajfa-14202	69	118	are	be	AUX
ajfa-14202	69	119	same	same	ADJ
ajfa-14202	69	120	and	and	CCONJ
ajfa-14202	69	121	so	so	ADV
ajfa-14202	69	122	time	time	NOUN
ajfa-14202	69	123	independent	independent	ADJ
ajfa-14202	69	124	.	.	PUNCT
ajfa-14202	70	1	for	for	ADP
ajfa-14202	70	2	a	a	DET
ajfa-14202	70	3	stationary	stationary	ADJ
ajfa-14202	70	4	series	series	NOUN
ajfa-14202	70	5	,	,	PUNCT
ajfa-14202	70	6	shocks	shock	NOUN
ajfa-14202	70	7	to	to	ADP
ajfa-14202	70	8	the	the	DET
ajfa-14202	70	9	data	datum	NOUN
ajfa-14202	70	10	die	die	VERB
ajfa-14202	70	11	away	away	ADV
ajfa-14202	70	12	steadily	steadily	ADV
ajfa-14202	70	13	.	.	PUNCT
ajfa-14202	71	1	if	if	SCONJ
ajfa-14202	71	2	the	the	DET
ajfa-14202	71	3	impact	impact	NOUN
ajfa-14202	71	4	of	of	ADP
ajfa-14202	71	5	the	the	DET
ajfa-14202	71	6	shocks	shock	NOUN
ajfa-14202	71	7	to	to	ADP
ajfa-14202	71	8	the	the	DET
ajfa-14202	71	9	system	system	NOUN
ajfa-14202	71	10	persists	persist	VERB
ajfa-14202	71	11	for	for	ADP
ajfa-14202	71	12	a	a	DET
ajfa-14202	71	13	longer	long	ADJ
ajfa-14202	71	14	period	period	NOUN
ajfa-14202	71	15	,	,	PUNCT
ajfa-14202	71	16	the	the	DET
ajfa-14202	71	17	system	system	NOUN
ajfa-14202	71	18	will	will	AUX
ajfa-14202	71	19	be	be	AUX
ajfa-14202	71	20	explosive	explosive	ADJ
ajfa-14202	71	21	.	.	PUNCT
ajfa-14202	72	1	any	any	DET
ajfa-14202	72	2	research	research	NOUN
ajfa-14202	72	3	on	on	ADP
ajfa-14202	72	4	non	non	ADJ
ajfa-14202	72	5	-	-	ADJ
ajfa-14202	72	6	stationary	stationary	ADJ
ajfa-14202	72	7	data	datum	NOUN
ajfa-14202	72	8	leads	lead	VERB
ajfa-14202	72	9	to	to	ADP
ajfa-14202	72	10	spurious	spurious	ADJ
ajfa-14202	72	11	regression	regression	NOUN
ajfa-14202	72	12	.	.	PUNCT
ajfa-14202	73	1	the	the	DET
ajfa-14202	73	2	study	study	NOUN
ajfa-14202	73	3	used	use	VERB
ajfa-14202	73	4	philips	philips	PROPN
ajfa-14202	73	5	-	-	ADJ
ajfa-14202	73	6	peron	peron	ADJ
ajfa-14202	73	7	unit	unit	NOUN
ajfa-14202	73	8	root	root	NOUN
ajfa-14202	73	9	test	test	NOUN
ajfa-14202	73	10	on	on	ADP
ajfa-14202	73	11	the	the	DET
ajfa-14202	73	12	data	datum	NOUN
ajfa-14202	73	13	for	for	ADP
ajfa-14202	73	14	determination	determination	NOUN
ajfa-14202	73	15	of	of	ADP
ajfa-14202	73	16	stationarity	stationarity	NOUN
ajfa-14202	73	17	.	.	PUNCT
ajfa-14202	74	1	the	the	DET
ajfa-14202	74	2	test	test	NOUN
ajfa-14202	74	3	involves	involve	VERB
ajfa-14202	74	4	fitting	fit	VERB
ajfa-14202	74	5	the	the	DET
ajfa-14202	74	6	regression	regression	NOUN
ajfa-14202	74	7	as	as	ADP
ajfa-14202	74	8	:	:	PUNCT
ajfa-14202	74	9	𝑌	𝑌	PROPN
ajfa-14202	74	10	=	=	SYM
ajfa-14202	74	11	α+𝑃𝑌	α+𝑃𝑌	PRON
ajfa-14202	74	12	+	+	NOUN
ajfa-14202	74	13	𝑒	𝑒	X
ajfa-14202	74	14	(	(	PUNCT
ajfa-14202	74	15	2	2	NUM
ajfa-14202	74	16	)	)	PUNCT
ajfa-14202	74	17	3.3	3.3	NUM
ajfa-14202	74	18	testing	testing	NOUN
ajfa-14202	74	19	for	for	ADP
ajfa-14202	74	20	arch	arch	ADJ
ajfa-14202	74	21	effects	effect	NOUN
ajfa-14202	74	22	the	the	DET
ajfa-14202	74	23	indices	index	NOUN
ajfa-14202	74	24	were	be	AUX
ajfa-14202	74	25	tested	test	VERB
ajfa-14202	74	26	by	by	ADP
ajfa-14202	74	27	using	use	VERB
ajfa-14202	74	28	box	box	PROPN
ajfa-14202	74	29	and	and	CCONJ
ajfa-14202	74	30	jenkins	jenkins	PROPN
ajfa-14202	74	31	(	(	PUNCT
ajfa-14202	74	32	1976	1976	NUM
ajfa-14202	74	33	)	)	PUNCT
ajfa-14202	74	34	methodology	methodology	NOUN
ajfa-14202	74	35	and	and	CCONJ
ajfa-14202	74	36	ljung	ljung	ADJ
ajfa-14202	74	37	-	-	PUNCT
ajfa-14202	74	38	box	box	NOUN
ajfa-14202	74	39	(	(	PUNCT
ajfa-14202	74	40	1978	1978	NUM
ajfa-14202	74	41	)	)	PUNCT
ajfa-14202	74	42	to	to	PART
ajfa-14202	74	43	determine	determine	VERB
ajfa-14202	74	44	the	the	DET
ajfa-14202	74	45	number	number	NOUN
ajfa-14202	74	46	of	of	ADP
ajfa-14202	74	47	autoregressive	autoregressive	ADJ
ajfa-14202	74	48	(	(	PUNCT
ajfa-14202	74	49	ar	ar	NOUN
ajfa-14202	74	50	)	)	PUNCT
ajfa-14202	74	51	,	,	PUNCT
ajfa-14202	74	52	moving	move	VERB
ajfa-14202	74	53	average	average	ADJ
ajfa-14202	74	54	(	(	PUNCT
ajfa-14202	74	55	ma	ma	PROPN
ajfa-14202	74	56	)	)	PUNCT
ajfa-14202	74	57	and	and	CCONJ
ajfa-14202	74	58	arma	arma	PROPN
ajfa-14202	74	59	terms	term	NOUN
ajfa-14202	74	60	.	.	PUNCT
ajfa-14202	75	1	asian	asian	ADJ
ajfa-14202	75	2	journal	journal	PROPN
ajfa-14202	75	3	of	of	ADP
ajfa-14202	75	4	finance	finance	PROPN
ajfa-14202	75	5	&	&	CCONJ
ajfa-14202	75	6	accounting	accounting	PROPN
ajfa-14202	75	7	issn	issn	PROPN
ajfa-14202	75	8	1946	1946	NUM
ajfa-14202	75	9	-	-	PUNCT
ajfa-14202	75	10	052x	052x	PROPN
ajfa-14202	75	11	2019	2019	NUM
ajfa-14202	75	12	,	,	PUNCT
ajfa-14202	75	13	vol	vol	NOUN
ajfa-14202	75	14	.	.	PROPN
ajfa-14202	75	15	11	11	NUM
ajfa-14202	75	16	,	,	PUNCT
ajfa-14202	75	17	no	no	INTJ
ajfa-14202	75	18	.	.	NOUN
ajfa-14202	75	19	1	1	NUM
ajfa-14202	75	20	46	46	NUM
ajfa-14202	75	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	75	22	3.3.1	3.3.1	PROPN
ajfa-14202	75	23	box	box	NOUN
ajfa-14202	75	24	and	and	CCONJ
ajfa-14202	75	25	jenkins	jenkins	PROPN
ajfa-14202	75	26	(	(	PUNCT
ajfa-14202	75	27	1976	1976	NUM
ajfa-14202	75	28	)	)	PUNCT
ajfa-14202	75	29	methodology	methodology	NOUN
ajfa-14202	75	30	box	box	NOUN
ajfa-14202	75	31	-	-	PUNCT
ajfa-14202	75	32	jenkins	jenkins	PROPN
ajfa-14202	75	33	(	(	PUNCT
ajfa-14202	75	34	1976	1976	NUM
ajfa-14202	75	35	)	)	PUNCT
ajfa-14202	75	36	methodology	methodology	NOUN
ajfa-14202	75	37	involves	involve	VERB
ajfa-14202	75	38	three	three	NUM
ajfa-14202	75	39	steps	step	NOUN
ajfa-14202	75	40	:	:	PUNCT
ajfa-14202	75	41	1	1	X
ajfa-14202	75	42	.	.	X
ajfa-14202	75	43	detection	detection	NOUN
ajfa-14202	75	44	of	of	ADP
ajfa-14202	75	45	ar	ar	PROPN
ajfa-14202	75	46	/	/	SYM
ajfa-14202	75	47	ma/	ma/	PROPN
ajfa-14202	75	48	arma	arma	PROPN
ajfa-14202	75	49	and	and	CCONJ
ajfa-14202	75	50	arima	arima	PROPN
ajfa-14202	75	51	order	order	NOUN
ajfa-14202	75	52	by	by	ADP
ajfa-14202	75	53	correlogram	correlogram	NOUN
ajfa-14202	75	54	and	and	CCONJ
ajfa-14202	75	55	partial	partial	ADJ
ajfa-14202	75	56	correlogram	correlogram	NOUN
ajfa-14202	75	57	(	(	PUNCT
ajfa-14202	75	58	lags	lag	VERB
ajfa-14202	75	59	1	1	NUM
ajfa-14202	75	60	to	to	ADP
ajfa-14202	75	61	30	30	NUM
ajfa-14202	75	62	)	)	PUNCT
ajfa-14202	75	63	.	.	PUNCT
ajfa-14202	76	1	2	2	X
ajfa-14202	76	2	.	.	X
ajfa-14202	76	3	assessment	assessment	NOUN
ajfa-14202	76	4	of	of	ADP
ajfa-14202	76	5	the	the	DET
ajfa-14202	76	6	parameters	parameter	NOUN
ajfa-14202	76	7	(	(	PUNCT
ajfa-14202	76	8	co	co	NOUN
ajfa-14202	76	9	-	-	ADJ
ajfa-14202	76	10	efficient	efficient	ADJ
ajfa-14202	76	11	)	)	PUNCT
ajfa-14202	76	12	of	of	ADP
ajfa-14202	76	13	the	the	DET
ajfa-14202	76	14	ar	ar	PROPN
ajfa-14202	76	15	/	/	SYM
ajfa-14202	76	16	ma	ma	PROPN
ajfa-14202	76	17	/	/	SYM
ajfa-14202	76	18	arma	arma	PROPN
ajfa-14202	76	19	and	and	CCONJ
ajfa-14202	76	20	arima	arima	PROPN
ajfa-14202	76	21	model	model	NOUN
ajfa-14202	76	22	.	.	PUNCT
ajfa-14202	77	1	3	3	X
ajfa-14202	77	2	.	.	X
ajfa-14202	77	3	diagnostic	diagnostic	ADJ
ajfa-14202	77	4	checking	checking	NOUN
ajfa-14202	77	5	of	of	ADP
ajfa-14202	77	6	the	the	DET
ajfa-14202	77	7	selected	select	VERB
ajfa-14202	77	8	ar	ar	PROPN
ajfa-14202	77	9	/	/	SYM
ajfa-14202	77	10	ma	ma	PROPN
ajfa-14202	77	11	/	/	SYM
ajfa-14202	77	12	arma	arma	PROPN
ajfa-14202	77	13	/	/	SYM
ajfa-14202	77	14	arima	arima	PROPN
ajfa-14202	77	15	model	model	NOUN
ajfa-14202	77	16	.	.	PUNCT
ajfa-14202	78	1	ac	ac	PROPN
ajfa-14202	78	2	at	at	ADP
ajfa-14202	78	3	k	k	PROPN
ajfa-14202	78	4	lags(𝜌	lags(𝜌	PROPN
ajfa-14202	78	5	)	)	PUNCT
ajfa-14202	79	1	=	=	PUNCT
ajfa-14202	79	2	cov	cov	PROPN
ajfa-14202	79	3	𝑢	𝑢	NOUN
ajfa-14202	79	4	,	,	PUNCT
ajfa-14202	79	5	𝑢	𝑢	X
ajfa-14202	79	6	/	/	SYM
ajfa-14202	79	7	√𝑉𝐴𝑅𝑈	√𝑉𝐴𝑅𝑈	PROPN
ajfa-14202	79	8	x	x	SYM
ajfa-14202	79	9	√𝑉𝐴𝑅𝑈	√𝑉𝐴𝑅𝑈	PROPN
ajfa-14202	79	10	(	(	PUNCT
ajfa-14202	79	11	3	3	X
ajfa-14202	79	12	)	)	PUNCT
ajfa-14202	79	13	pac	pac	NOUN
ajfa-14202	79	14	at	at	ADP
ajfa-14202	79	15	lag1=	lag1=	PROPN
ajfa-14202	79	16	ac	ac	ADV
ajfa-14202	79	17	at	at	ADP
ajfa-14202	79	18	lag	lag	NOUN
ajfa-14202	79	19	1=	1=	X
ajfa-14202	79	20	(	(	PUNCT
ajfa-14202	79	21	𝜌	𝜌	X
ajfa-14202	79	22	-𝜌	-𝜌	NUM
ajfa-14202	79	23	)	)	PUNCT
ajfa-14202	79	24	(	(	PUNCT
ajfa-14202	79	25	4	4	X
ajfa-14202	79	26	)	)	PUNCT
ajfa-14202	79	27	pac	pac	PROPN
ajfa-14202	79	28	at	at	ADP
ajfa-14202	79	29	lag	lag	NOUN
ajfa-14202	79	30	2(𝜌	2(𝜌	NUM
ajfa-14202	79	31	)	)	PUNCT
ajfa-14202	79	32	=	=	SYM
ajfa-14202	79	33	(	(	PUNCT
ajfa-14202	79	34	𝜌	𝜌	X
ajfa-14202	79	35	)	)	PUNCT
ajfa-14202	79	36	/	/	PUNCT
ajfa-14202	80	1	(	(	PUNCT
ajfa-14202	80	2	1-𝜌	1-𝜌	NUM
ajfa-14202	80	3	)	)	PUNCT
ajfa-14202	80	4	(	(	PUNCT
ajfa-14202	80	5	5	5	X
ajfa-14202	80	6	)	)	PUNCT
ajfa-14202	80	7	the	the	DET
ajfa-14202	80	8	study	study	NOUN
ajfa-14202	80	9	then	then	ADV
ajfa-14202	80	10	used	use	VERB
ajfa-14202	80	11	the	the	DET
ajfa-14202	80	12	acs	acs	NOUN
ajfa-14202	80	13	and	and	CCONJ
ajfa-14202	80	14	pacs	pac	NOUN
ajfa-14202	80	15	by	by	ADP
ajfa-14202	80	16	plotting	plot	VERB
ajfa-14202	80	17	them	they	PRON
ajfa-14202	80	18	graphically	graphically	ADV
ajfa-14202	80	19	to	to	PART
ajfa-14202	80	20	obtain	obtain	VERB
ajfa-14202	80	21	the	the	DET
ajfa-14202	80	22	correlogram	correlogram	NOUN
ajfa-14202	80	23	.	.	PUNCT
ajfa-14202	81	1	this	this	PRON
ajfa-14202	81	2	enabled	enable	VERB
ajfa-14202	81	3	in	in	ADP
ajfa-14202	81	4	the	the	DET
ajfa-14202	81	5	determination	determination	NOUN
ajfa-14202	81	6	of	of	ADP
ajfa-14202	81	7	ar	ar	PROPN
ajfa-14202	81	8	/	/	SYM
ajfa-14202	81	9	ma	ma	PROPN
ajfa-14202	81	10	/	/	SYM
ajfa-14202	81	11	arma	arma	PROPN
ajfa-14202	81	12	model	model	NOUN
ajfa-14202	81	13	.	.	PUNCT
ajfa-14202	82	1	for	for	ADP
ajfa-14202	82	2	using	use	VERB
ajfa-14202	82	3	box	box	NOUN
ajfa-14202	82	4	-	-	PUNCT
ajfa-14202	82	5	jenkins	jenkins	PROPN
ajfa-14202	82	6	’s	’s	PART
ajfa-14202	82	7	methodology	methodology	NOUN
ajfa-14202	82	8	,	,	PUNCT
ajfa-14202	82	9	to	to	PART
ajfa-14202	82	10	accurately	accurately	ADV
ajfa-14202	82	11	determine	determine	VERB
ajfa-14202	82	12	the	the	DET
ajfa-14202	82	13	ar	ar	PROPN
ajfa-14202	82	14	/	/	SYM
ajfa-14202	82	15	ma	ma	PROPN
ajfa-14202	82	16	/	/	SYM
ajfa-14202	82	17	arma	arma	PROPN
ajfa-14202	82	18	terms	term	NOUN
ajfa-14202	82	19	,	,	PUNCT
ajfa-14202	82	20	ols	ol	NOUN
ajfa-14202	82	21	regression	regression	NOUN
ajfa-14202	82	22	is	be	AUX
ajfa-14202	82	23	run	run	VERB
ajfa-14202	82	24	on	on	ADP
ajfa-14202	82	25	yt	yt	NOUN
ajfa-14202	82	26	with	with	ADP
ajfa-14202	82	27	yt	yt	PROPN
ajfa-14202	82	28	-	-	PUNCT
ajfa-14202	82	29	i	i	PROPN
ajfa-14202	82	30	and	and	CCONJ
ajfa-14202	82	31	ut-1	ut-1	PROPN
ajfa-14202	82	32	.	.	PUNCT
ajfa-14202	83	1	the	the	DET
ajfa-14202	83	2	significance	significance	NOUN
ajfa-14202	83	3	of	of	ADP
ajfa-14202	83	4	regression	regression	NOUN
ajfa-14202	83	5	coefficients	coefficient	NOUN
ajfa-14202	83	6	of	of	ADP
ajfa-14202	83	7	lagged	lag	VERB
ajfa-14202	83	8	term	term	NOUN
ajfa-14202	83	9	the	the	DET
ajfa-14202	83	10	values	value	NOUN
ajfa-14202	83	11	of	of	ADP
ajfa-14202	83	12	akaike	akaike	ADJ
ajfa-14202	83	13	’s	’s	PART
ajfa-14202	83	14	information	information	NOUN
ajfa-14202	83	15	criteria	criterion	NOUN
ajfa-14202	83	16	(	(	PUNCT
ajfa-14202	83	17	aic	aic	PROPN
ajfa-14202	83	18	)	)	PUNCT
ajfa-14202	83	19	and	and	CCONJ
ajfa-14202	83	20	schwarz	schwarz	PROPN
ajfa-14202	83	21	’s	’s	PART
ajfa-14202	83	22	bayesian	bayesian	NOUN
ajfa-14202	83	23	information	information	NOUN
ajfa-14202	83	24	criteria	criterion	NOUN
ajfa-14202	83	25	(	(	PUNCT
ajfa-14202	83	26	sbic	sbic	ADJ
ajfa-14202	83	27	)	)	PUNCT
ajfa-14202	83	28	are	be	AUX
ajfa-14202	83	29	used	use	VERB
ajfa-14202	83	30	.	.	PUNCT
ajfa-14202	84	1	aic	aic	PROPN
ajfa-14202	84	2	value=	value=	PROPN
ajfa-14202	84	3	[	[	PUNCT
ajfa-14202	84	4	in	in	ADP
ajfa-14202	84	5	(	(	PUNCT
ajfa-14202	84	6	∑	∑	PROPN
ajfa-14202	84	7	𝑢	𝑢	X
ajfa-14202	84	8	)	)	PUNCT
ajfa-14202	84	9	]	]	PUNCT
ajfa-14202	85	1	+2k	+2k	PRON
ajfa-14202	85	2	(	(	PUNCT
ajfa-14202	85	3	6	6	NUM
ajfa-14202	85	4	)	)	PUNCT
ajfa-14202	85	5	sbic	sbic	NOUN
ajfa-14202	85	6	value=	value=	NUM
ajfa-14202	85	7	t[in(∑	t[in(∑	SYM
ajfa-14202	85	8	𝑢	𝑢	NOUN
ajfa-14202	85	9	)	)	PUNCT
ajfa-14202	85	10	]	]	PUNCT
ajfa-14202	86	1	+	+	CCONJ
ajfa-14202	86	2	k	k	NOUN
ajfa-14202	86	3	in(t	in(t	X
ajfa-14202	86	4	)	)	PUNCT
ajfa-14202	86	5	(	(	PUNCT
ajfa-14202	86	6	7	7	X
ajfa-14202	86	7	)	)	PUNCT
ajfa-14202	86	8	k	k	NOUN
ajfa-14202	87	1	=	=	PUNCT
ajfa-14202	87	2	no	no	INTJ
ajfa-14202	87	3	.	.	PUNCT
ajfa-14202	87	4	of	of	ADP
ajfa-14202	87	5	parameters	parameter	NOUN
ajfa-14202	87	6	to	to	PART
ajfa-14202	87	7	be	be	AUX
ajfa-14202	87	8	estimated	estimate	VERB
ajfa-14202	87	9	t	t	NOUN
ajfa-14202	88	1	=	=	PUNCT
ajfa-14202	88	2	total	total	ADJ
ajfa-14202	88	3	no	no	INTJ
ajfa-14202	88	4	.	.	PUNCT
ajfa-14202	89	1	of	of	ADP
ajfa-14202	89	2	observations	observation	NOUN
ajfa-14202	89	3	ln	ln	ADJ
ajfa-14202	89	4	=	=	SYM
ajfa-14202	89	5	natural	natural	ADJ
ajfa-14202	89	6	logarithm	logarithm	NOUN
ajfa-14202	89	7	3.3.2	3.3.2	NUM
ajfa-14202	89	8	ljung	ljung	PROPN
ajfa-14202	89	9	-	-	PUNCT
ajfa-14202	89	10	box	box	NOUN
ajfa-14202	89	11	(	(	PUNCT
ajfa-14202	89	12	1978	1978	NUM
ajfa-14202	89	13	)	)	PUNCT
ajfa-14202	89	14	test	test	NOUN
ajfa-14202	89	15	the	the	DET
ajfa-14202	89	16	test	test	NOUN
ajfa-14202	89	17	of	of	ADP
ajfa-14202	89	18	significance	significance	NOUN
ajfa-14202	89	19	for	for	ADP
ajfa-14202	89	20	the	the	DET
ajfa-14202	89	21	values	value	NOUN
ajfa-14202	89	22	of	of	ADP
ajfa-14202	89	23	(	(	PUNCT
ajfa-14202	89	24	ac	ac	PROPN
ajfa-14202	89	25	)	)	PUNCT
ajfa-14202	89	26	and	and	CCONJ
ajfa-14202	89	27	(	(	PUNCT
ajfa-14202	89	28	pac	pac	NOUN
ajfa-14202	89	29	)	)	PUNCT
ajfa-14202	89	30	are	be	AUX
ajfa-14202	89	31	computed	compute	VERB
ajfa-14202	89	32	by	by	ADP
ajfa-14202	89	33	using	use	VERB
ajfa-14202	89	34	the	the	DET
ajfa-14202	89	35	qstatistics	qstatistic	NOUN
ajfa-14202	89	36	proved	prove	VERB
ajfa-14202	89	37	by	by	ADP
ajfa-14202	89	38	ljung	ljung	PROPN
ajfa-14202	89	39	-	-	PUNCT
ajfa-14202	89	40	box	box	NOUN
ajfa-14202	89	41	(	(	PUNCT
ajfa-14202	89	42	1978	1978	NUM
ajfa-14202	89	43	)	)	PUNCT
ajfa-14202	89	44	,	,	PUNCT
ajfa-14202	89	45	which	which	PRON
ajfa-14202	89	46	is	be	AUX
ajfa-14202	89	47	as	as	SCONJ
ajfa-14202	89	48	follows	follow	VERB
ajfa-14202	89	49	:	:	PUNCT
ajfa-14202	89	50	𝑄	𝑄	PROPN
ajfa-14202	89	51	=	=	PUNCT
ajfa-14202	89	52	t(t+2)∑	t(t+2)∑	X
ajfa-14202	89	53	𝜌	𝜌	X
ajfa-14202	89	54	/	/	SYM
ajfa-14202	89	55	m-1˜𝑥	m-1˜𝑥	PROPN
ajfa-14202	89	56	(	(	PUNCT
ajfa-14202	89	57	8)	8)	NUM
ajfa-14202	89	58	qm	qm	NOUN
ajfa-14202	89	59	=	=	PUNCT
ajfa-14202	89	60	ljung	ljung	PROPN
ajfa-14202	89	61	-	-	PUNCT
ajfa-14202	89	62	box	box	NOUN
ajfa-14202	89	63	q	q	PROPN
ajfa-14202	89	64	statistics	statistic	NOUN
ajfa-14202	89	65	t	t	PROPN
ajfa-14202	90	1	=	=	SYM
ajfa-14202	90	2	no	no	INTJ
ajfa-14202	90	3	.	.	NOUN
ajfa-14202	91	1	of	of	ADP
ajfa-14202	91	2	observations	observation	NOUN
ajfa-14202	92	1	i	i	PRON
ajfa-14202	92	2	=	=	SYM
ajfa-14202	92	3	no	no	INTJ
ajfa-14202	92	4	.	.	PUNCT
ajfa-14202	92	5	of	of	ADP
ajfa-14202	92	6	lags	lag	NOUN
ajfa-14202	92	7	varies	vary	VERB
ajfa-14202	92	8	from	from	ADP
ajfa-14202	92	9	1	1	NUM
ajfa-14202	92	10	,	,	PUNCT
ajfa-14202	92	11	2	2	NUM
ajfa-14202	92	12	,	,	PUNCT
ajfa-14202	92	13	…	…	PUNCT
ajfa-14202	92	14	…	…	PUNCT
ajfa-14202	92	15	.	.	NUM
ajfa-14202	92	16	,	,	PUNCT
ajfa-14202	92	17	m.	m.	NOUN
ajfa-14202	92	18	𝜌	𝜌	ADP
ajfa-14202	92	19	=	=	NOUN
ajfa-14202	92	20	sample	sample	NOUN
ajfa-14202	92	21	ac	ac	VERB
ajfa-14202	92	22	at	at	ADP
ajfa-14202	92	23	lag	lag	NOUN
ajfa-14202	92	24	m	m	VERB
ajfa-14202	92	25	𝑋	𝑋	PROPN
ajfa-14202	92	26	=	=	PUNCT
ajfa-14202	92	27	chi	chi	ADJ
ajfa-14202	92	28	-	-	PUNCT
ajfa-14202	92	29	square	square	ADJ
ajfa-14202	92	30	distribution	distribution	NOUN
ajfa-14202	92	31	‘	'	PUNCT
ajfa-14202	92	32	m	m	NOUN
ajfa-14202	92	33	’	'	PUNCT
ajfa-14202	92	34	degrees	degree	NOUN
ajfa-14202	92	35	of	of	ADP
ajfa-14202	92	36	freedom	freedom	NOUN
ajfa-14202	92	37	asian	asian	ADJ
ajfa-14202	92	38	journal	journal	PROPN
ajfa-14202	92	39	of	of	ADP
ajfa-14202	92	40	finance	finance	PROPN
ajfa-14202	92	41	&	&	CCONJ
ajfa-14202	92	42	accounting	accounting	PROPN
ajfa-14202	92	43	issn	issn	PROPN
ajfa-14202	92	44	1946	1946	NUM
ajfa-14202	92	45	-	-	PUNCT
ajfa-14202	92	46	052x	052x	PROPN
ajfa-14202	92	47	2019	2019	NUM
ajfa-14202	92	48	,	,	PUNCT
ajfa-14202	92	49	vol	vol	NOUN
ajfa-14202	92	50	.	.	PROPN
ajfa-14202	93	1	11	11	NUM
ajfa-14202	93	2	,	,	PUNCT
ajfa-14202	93	3	no	no	INTJ
ajfa-14202	93	4	.	.	NOUN
ajfa-14202	93	5	1	1	NUM
ajfa-14202	93	6	47	47	NUM
ajfa-14202	93	7	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	93	8	the	the	DET
ajfa-14202	93	9	test	test	NOUN
ajfa-14202	93	10	is	be	AUX
ajfa-14202	93	11	used	use	VERB
ajfa-14202	93	12	to	to	PART
ajfa-14202	93	13	check	check	VERB
ajfa-14202	93	14	the	the	DET
ajfa-14202	93	15	soundness	soundness	NOUN
ajfa-14202	93	16	of	of	ADP
ajfa-14202	93	17	autoregressive	autoregressive	ADJ
ajfa-14202	93	18	conditional	conditional	ADJ
ajfa-14202	93	19	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	93	20	(	(	PUNCT
ajfa-14202	93	21	arch	arch	NOUN
ajfa-14202	93	22	)	)	PUNCT
ajfa-14202	93	23	in	in	ADP
ajfa-14202	93	24	the	the	DET
ajfa-14202	93	25	residuals	residual	NOUN
ajfa-14202	93	26	.	.	PUNCT
ajfa-14202	94	1	the	the	DET
ajfa-14202	94	2	return	return	NOUN
ajfa-14202	94	3	series	series	NOUN
ajfa-14202	94	4	demonstrate	demonstrate	VERB
ajfa-14202	94	5	the	the	DET
ajfa-14202	94	6	presence	presence	NOUN
ajfa-14202	94	7	or	or	CCONJ
ajfa-14202	94	8	absence	absence	NOUN
ajfa-14202	94	9	of	of	ADP
ajfa-14202	94	10	arch	arch	ADJ
ajfa-14202	94	11	effect	effect	NOUN
ajfa-14202	94	12	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	94	13	,	,	PUNCT
ajfa-14202	94	14	which	which	PRON
ajfa-14202	94	15	is	be	AUX
ajfa-14202	94	16	a	a	DET
ajfa-14202	94	17	precondition	precondition	NOUN
ajfa-14202	94	18	for	for	ADP
ajfa-14202	94	19	applying	apply	VERB
ajfa-14202	94	20	the	the	DET
ajfa-14202	94	21	garch	garch	NOUN
ajfa-14202	94	22	models	model	NOUN
ajfa-14202	94	23	to	to	ADP
ajfa-14202	94	24	the	the	DET
ajfa-14202	94	25	return	return	NOUN
ajfa-14202	94	26	series	series	NOUN
ajfa-14202	94	27	.	.	PUNCT
ajfa-14202	95	1	hence	hence	ADV
ajfa-14202	95	2	the	the	DET
ajfa-14202	95	3	next	next	ADJ
ajfa-14202	95	4	step	step	NOUN
ajfa-14202	95	5	would	would	AUX
ajfa-14202	95	6	be	be	AUX
ajfa-14202	95	7	volatility	volatility	NOUN
ajfa-14202	95	8	modeling	modeling	NOUN
ajfa-14202	95	9	using	use	VERB
ajfa-14202	95	10	garch	garch	NOUN
ajfa-14202	95	11	models	model	NOUN
ajfa-14202	95	12	.	.	PUNCT
ajfa-14202	96	1	3.4	3.4	NUM
ajfa-14202	96	2	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	96	3	test	test	NOUN
ajfa-14202	96	4	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	96	5	is	be	AUX
ajfa-14202	96	6	the	the	DET
ajfa-14202	96	7	unequal	unequal	ADJ
ajfa-14202	96	8	variance	variance	NOUN
ajfa-14202	96	9	(	(	PUNCT
ajfa-14202	96	10	𝜎	𝜎	NOUN
ajfa-14202	96	11	)	)	PUNCT
ajfa-14202	96	12	in	in	ADP
ajfa-14202	96	13	the	the	DET
ajfa-14202	96	14	error	error	NOUN
ajfa-14202	96	15	term	term	NOUN
ajfa-14202	96	16	(	(	PUNCT
ajfa-14202	96	17	𝑢	𝑢	X
ajfa-14202	96	18	)	)	PUNCT
ajfa-14202	96	19	obtained	obtain	VERB
ajfa-14202	96	20	from	from	ADP
ajfa-14202	96	21	the	the	DET
ajfa-14202	96	22	regression	regression	NOUN
ajfa-14202	96	23	of	of	ADP
ajfa-14202	96	24	yt	yt	NOUN
ajfa-14202	96	25	with	with	ADP
ajfa-14202	96	26	yt	yt	PROPN
ajfa-14202	96	27	-	-	PUNCT
ajfa-14202	96	28	i	i	PRON
ajfa-14202	96	29	under	under	ADP
ajfa-14202	96	30	ols	ol	NOUN
ajfa-14202	96	31	method	method	NOUN
ajfa-14202	96	32	.	.	PUNCT
ajfa-14202	97	1	if	if	SCONJ
ajfa-14202	97	2	coefficient	coefficient	NOUN
ajfa-14202	97	3	of	of	ADP
ajfa-14202	97	4	yt-1	yt-1	NOUN
ajfa-14202	97	5	is	be	AUX
ajfa-14202	97	6	statistically	statistically	ADV
ajfa-14202	97	7	significant	significant	ADJ
ajfa-14202	97	8	,	,	PUNCT
ajfa-14202	97	9	it	it	PRON
ajfa-14202	97	10	signifies	signify	VERB
ajfa-14202	97	11	the	the	DET
ajfa-14202	97	12	presence	presence	NOUN
ajfa-14202	97	13	of	of	ADP
ajfa-14202	97	14	autocorrelation	autocorrelation	NOUN
ajfa-14202	97	15	in	in	ADP
ajfa-14202	97	16	the	the	DET
ajfa-14202	97	17	return	return	NOUN
ajfa-14202	97	18	series	series	NOUN
ajfa-14202	97	19	between	between	ADP
ajfa-14202	97	20	yt	yt	PROPN
ajfa-14202	97	21	and	and	CCONJ
ajfa-14202	97	22	yt-1	yt-1	ADV
ajfa-14202	97	23	.	.	PUNCT
ajfa-14202	98	1	hence	hence	ADV
ajfa-14202	98	2	before	before	ADP
ajfa-14202	98	3	applying	apply	VERB
ajfa-14202	98	4	the	the	DET
ajfa-14202	98	5	garch	garch	NOUN
ajfa-14202	98	6	methodology	methodology	NOUN
ajfa-14202	98	7	,	,	PUNCT
ajfa-14202	98	8	the	the	DET
ajfa-14202	98	9	study	study	NOUN
ajfa-14202	98	10	examined	examine	VERB
ajfa-14202	98	11	the	the	DET
ajfa-14202	98	12	residuals	residual	NOUN
ajfa-14202	98	13	to	to	PART
ajfa-14202	98	14	check	check	VERB
ajfa-14202	98	15	the	the	DET
ajfa-14202	98	16	presence	presence	NOUN
ajfa-14202	98	17	of	of	ADP
ajfa-14202	98	18	heteroscedasticity	heteroscedasticity	NOUN
ajfa-14202	98	19	.	.	PUNCT
ajfa-14202	99	1	to	to	ADP
ajfa-14202	99	2	this	this	DET
ajfa-14202	99	3	end	end	NOUN
ajfa-14202	99	4	,	,	PUNCT
ajfa-14202	99	5	lagrange	lagrange	NOUN
ajfa-14202	99	6	multiplier	multipli	ADJ
ajfa-14202	99	7	(	(	PUNCT
ajfa-14202	99	8	lm	lm	INTJ
ajfa-14202	99	9	)	)	PUNCT
ajfa-14202	99	10	test	test	NOUN
ajfa-14202	99	11	for	for	ADP
ajfa-14202	99	12	arch	arch	NOUN
ajfa-14202	99	13	has	have	AUX
ajfa-14202	99	14	been	be	AUX
ajfa-14202	99	15	used	use	VERB
ajfa-14202	99	16	,	,	PUNCT
ajfa-14202	99	17	against	against	ADP
ajfa-14202	99	18	the	the	DET
ajfa-14202	99	19	null	null	ADJ
ajfa-14202	99	20	hypothesis	hypothesis	NOUN
ajfa-14202	99	21	of	of	ADP
ajfa-14202	99	22	no	no	DET
ajfa-14202	99	23	arch	arch	ADJ
ajfa-14202	99	24	effects	effect	NOUN
ajfa-14202	99	25	.	.	PUNCT
ajfa-14202	100	1	the	the	DET
ajfa-14202	100	2	statistic	statistic	NOUN
ajfa-14202	100	3	has	have	VERB
ajfa-14202	100	4	a	a	DET
ajfa-14202	100	5	chi	chi	ADJ
ajfa-14202	100	6	-	-	PUNCT
ajfa-14202	100	7	square	square	ADJ
ajfa-14202	100	8	distribution	distribution	NOUN
ajfa-14202	100	9	with	with	ADP
ajfa-14202	100	10	‘	'	PUNCT
ajfa-14202	100	11	q	q	ADJ
ajfa-14202	100	12	’	'	PUNCT
ajfa-14202	100	13	degrees	degree	NOUN
ajfa-14202	100	14	of	of	ADP
ajfa-14202	100	15	freedom	freedom	NOUN
ajfa-14202	100	16	.	.	PUNCT
ajfa-14202	101	1	if	if	SCONJ
ajfa-14202	101	2	the	the	DET
ajfa-14202	101	3	lm	lm	ADJ
ajfa-14202	101	4	statistic	statistic	NOUN
ajfa-14202	101	5	is	be	AUX
ajfa-14202	101	6	larger	large	ADJ
ajfa-14202	101	7	than	than	ADP
ajfa-14202	101	8	the	the	DET
ajfa-14202	101	9	critical	critical	ADJ
ajfa-14202	101	10	value	value	NOUN
ajfa-14202	101	11	,	,	PUNCT
ajfa-14202	101	12	then	then	ADV
ajfa-14202	101	13	there	there	PRON
ajfa-14202	101	14	is	be	VERB
ajfa-14202	101	15	evidence	evidence	NOUN
ajfa-14202	101	16	of	of	ADP
ajfa-14202	101	17	presence	presence	NOUN
ajfa-14202	101	18	of	of	ADP
ajfa-14202	101	19	arch	arch	ADJ
ajfa-14202	101	20	effects	effect	NOUN
ajfa-14202	101	21	.	.	PUNCT
ajfa-14202	102	1	3.5	3.5	NUM
ajfa-14202	102	2	lagrange	lagrange	NOUN
ajfa-14202	102	3	multiplier	multipli	ADJ
ajfa-14202	102	4	test	test	NOUN
ajfa-14202	102	5	the	the	DET
ajfa-14202	102	6	lm	lm	PROPN
ajfa-14202	102	7	is	be	AUX
ajfa-14202	102	8	a	a	DET
ajfa-14202	102	9	test	test	NOUN
ajfa-14202	102	10	for	for	ADP
ajfa-14202	102	11	arch	arch	NOUN
ajfa-14202	102	12	in	in	ADP
ajfa-14202	102	13	the	the	DET
ajfa-14202	102	14	residuals	residual	NOUN
ajfa-14202	102	15	.	.	PUNCT
ajfa-14202	103	1	the	the	DET
ajfa-14202	103	2	arch	arch	ADJ
ajfa-14202	103	3	-	-	PUNCT
ajfa-14202	103	4	lm	lm	NOUN
ajfa-14202	103	5	test	test	NOUN
ajfa-14202	103	6	statistic	statistic	NOUN
ajfa-14202	103	7	is	be	AUX
ajfa-14202	103	8	calculated	calculate	VERB
ajfa-14202	103	9	from	from	ADP
ajfa-14202	103	10	a	a	DET
ajfa-14202	103	11	supplementary	supplementary	ADJ
ajfa-14202	103	12	test	test	NOUN
ajfa-14202	103	13	regression	regression	NOUN
ajfa-14202	103	14	.	.	PUNCT
ajfa-14202	104	1	the	the	DET
ajfa-14202	104	2	test	test	NOUN
ajfa-14202	104	3	procedure	procedure	NOUN
ajfa-14202	104	4	is	be	AUX
ajfa-14202	104	5	executed	execute	VERB
ajfa-14202	104	6	by	by	ADP
ajfa-14202	104	7	first	first	ADV
ajfa-14202	104	8	finding	find	VERB
ajfa-14202	104	9	the	the	DET
ajfa-14202	104	10	residuals	residual	NOUN
ajfa-14202	104	11	𝜀	𝜀	NOUN
ajfa-14202	104	12	from	from	ADP
ajfa-14202	104	13	the	the	DET
ajfa-14202	104	14	ols	ol	NOUN
ajfa-14202	104	15	regression	regression	NOUN
ajfa-14202	104	16	of	of	ADP
ajfa-14202	104	17	the	the	DET
ajfa-14202	104	18	conditional	conditional	ADJ
ajfa-14202	104	19	mean	mean	NOUN
ajfa-14202	104	20	equation	equation	NOUN
ajfa-14202	104	21	which	which	PRON
ajfa-14202	104	22	might	might	AUX
ajfa-14202	104	23	be	be	AUX
ajfa-14202	104	24	a	a	DET
ajfa-14202	104	25	an	an	DET
ajfa-14202	104	26	autoregressive	autoregressive	ADJ
ajfa-14202	104	27	process	process	NOUN
ajfa-14202	104	28	,	,	PUNCT
ajfa-14202	104	29	moving	move	VERB
ajfa-14202	104	30	average	average	ADJ
ajfa-14202	104	31	process	process	NOUN
ajfa-14202	104	32	or	or	CCONJ
ajfa-14202	104	33	a	a	DET
ajfa-14202	104	34	combination	combination	NOUN
ajfa-14202	104	35	of	of	ADP
ajfa-14202	104	36	ar	ar	NOUN
ajfa-14202	104	37	and	and	CCONJ
ajfa-14202	104	38	ma	ma	PROPN
ajfa-14202	104	39	process	process	NOUN
ajfa-14202	104	40	(	(	PUNCT
ajfa-14202	104	41	arma	arma	PROPN
ajfa-14202	104	42	)	)	PUNCT
ajfa-14202	104	43	(	(	PUNCT
ajfa-14202	104	44	suliman	suliman	NOUN
ajfa-14202	104	45	2012	2012	NUM
ajfa-14202	104	46	)	)	PUNCT
ajfa-14202	104	47	.	.	PUNCT
ajfa-14202	105	1	in	in	ADP
ajfa-14202	105	2	this	this	DET
ajfa-14202	105	3	study	study	NOUN
ajfa-14202	105	4	,	,	PUNCT
ajfa-14202	105	5	an	an	DET
ajfa-14202	105	6	arma	arma	NOUN
ajfa-14202	105	7	(	(	PUNCT
ajfa-14202	105	8	1,1	1,1	NUM
ajfa-14202	105	9	)	)	PUNCT
ajfa-14202	105	10	model	model	NOUN
ajfa-14202	105	11	for	for	ADP
ajfa-14202	105	12	the	the	DET
ajfa-14202	105	13	conditional	conditional	ADJ
ajfa-14202	105	14	mean	mean	NOUN
ajfa-14202	105	15	in	in	ADP
ajfa-14202	105	16	the	the	DET
ajfa-14202	105	17	return	return	NOUN
ajfa-14202	105	18	series	series	NOUN
ajfa-14202	105	19	is	be	AUX
ajfa-14202	105	20	used	use	VERB
ajfa-14202	105	21	as	as	ADP
ajfa-14202	105	22	a	a	DET
ajfa-14202	105	23	supplementary	supplementary	ADJ
ajfa-14202	105	24	regression	regression	NOUN
ajfa-14202	105	25	.	.	PUNCT
ajfa-14202	106	1	the	the	DET
ajfa-14202	106	2	conditional	conditional	ADJ
ajfa-14202	106	3	mean	mean	NOUN
ajfa-14202	106	4	equation	equation	NOUN
ajfa-14202	106	5	is	be	AUX
ajfa-14202	106	6	:	:	PUNCT
ajfa-14202	106	7	𝑅	𝑅	PROPN
ajfa-14202	106	8	=	=	PROPN
ajfa-14202	106	9	∅	∅	NOUN
ajfa-14202	106	10	𝑅	𝑅	PROPN
ajfa-14202	106	11	+	+	PROPN
ajfa-14202	106	12	𝜀	𝜀	X
ajfa-14202	106	13	+	+	ADJ
ajfa-14202	106	14	∅	∅	NOUN
ajfa-14202	106	15	𝜀	𝜀	NOUN
ajfa-14202	106	16	(	(	PUNCT
ajfa-14202	106	17	9	9	NUM
ajfa-14202	106	18	)	)	PUNCT
ajfa-14202	106	19	the	the	DET
ajfa-14202	106	20	objective	objective	NOUN
ajfa-14202	106	21	is	be	AUX
ajfa-14202	106	22	to	to	PART
ajfa-14202	106	23	obtain	obtain	VERB
ajfa-14202	106	24	the	the	DET
ajfa-14202	106	25	residuals	residual	NOUN
ajfa-14202	106	26	from	from	ADP
ajfa-14202	106	27	the	the	DET
ajfa-14202	106	28	regression	regression	NOUN
ajfa-14202	106	29	in	in	ADP
ajfa-14202	106	30	order	order	NOUN
ajfa-14202	106	31	to	to	PART
ajfa-14202	106	32	test	test	VERB
ajfa-14202	106	33	the	the	DET
ajfa-14202	106	34	null	null	ADJ
ajfa-14202	106	35	hypothesis	hypothesis	NOUN
ajfa-14202	106	36	that	that	SCONJ
ajfa-14202	106	37	there	there	PRON
ajfa-14202	106	38	is	be	VERB
ajfa-14202	106	39	no	no	DET
ajfa-14202	106	40	arch	arch	NOUN
ajfa-14202	106	41	up	up	ADP
ajfa-14202	106	42	to	to	PART
ajfa-14202	106	43	order	order	VERB
ajfa-14202	106	44	‘	'	PUNCT
ajfa-14202	106	45	q	q	NOUN
ajfa-14202	106	46	’	'	PUNCT
ajfa-14202	106	47	in	in	ADP
ajfa-14202	106	48	the	the	DET
ajfa-14202	106	49	residuals	residual	NOUN
ajfa-14202	106	50	.	.	PUNCT
ajfa-14202	107	1	to	to	PART
ajfa-14202	107	2	test	test	VERB
ajfa-14202	107	3	the	the	DET
ajfa-14202	107	4	null	null	ADJ
ajfa-14202	107	5	hypothesis	hypothesis	NOUN
ajfa-14202	107	6	a	a	DET
ajfa-14202	107	7	regression	regression	NOUN
ajfa-14202	107	8	is	be	AUX
ajfa-14202	107	9	run	run	VERB
ajfa-14202	107	10	as	as	SCONJ
ajfa-14202	107	11	follows	follow	VERB
ajfa-14202	107	12	:	:	PUNCT
ajfa-14202	107	13	𝜀	𝜀	X
ajfa-14202	107	14	=	=	SYM
ajfa-14202	107	15	𝛼	𝛼	PROPN
ajfa-14202	107	16	+	+	NOUN
ajfa-14202	107	17	𝛼	𝛼	X
ajfa-14202	107	18	𝜀	𝜀	X
ajfa-14202	107	19	+	+	NOUN
ajfa-14202	107	20	𝛼	𝛼	X
ajfa-14202	107	21	𝜀	𝜀	X
ajfa-14202	107	22	+	+	NOUN
ajfa-14202	107	23	.....	.....	PROPN
ajfa-14202	107	24	+	+	NOUN
ajfa-14202	107	25	𝛼	𝛼	ADJ
ajfa-14202	107	26	+	+	ADJ
ajfa-14202	107	27	𝑉	𝑉	PROPN
ajfa-14202	107	28	(	(	PUNCT
ajfa-14202	107	29	10	10	NUM
ajfa-14202	107	30	)	)	PUNCT
ajfa-14202	107	31	the	the	DET
ajfa-14202	107	32	null	null	ADJ
ajfa-14202	107	33	hypothesis	hypothesis	NOUN
ajfa-14202	107	34	that	that	PRON
ajfa-14202	107	35	all	all	DET
ajfa-14202	107	36	‘	'	PUNCT
ajfa-14202	107	37	q	q	X
ajfa-14202	107	38	’	'	PUNCT
ajfa-14202	107	39	lags	lag	NOUN
ajfa-14202	107	40	of	of	ADP
ajfa-14202	107	41	the	the	DET
ajfa-14202	107	42	squared	square	VERB
ajfa-14202	107	43	residuals	residual	NOUN
ajfa-14202	107	44	have	have	VERB
ajfa-14202	107	45	coefficient	coefficient	NOUN
ajfa-14202	107	46	values	value	NOUN
ajfa-14202	107	47	that	that	PRON
ajfa-14202	107	48	is	be	AUX
ajfa-14202	107	49	not	not	PART
ajfa-14202	107	50	significantly	significantly	ADV
ajfa-14202	107	51	different	different	ADJ
ajfa-14202	107	52	from	from	ADP
ajfa-14202	107	53	zero	zero	NUM
ajfa-14202	107	54	.	.	PUNCT
ajfa-14202	108	1	if	if	SCONJ
ajfa-14202	108	2	the	the	DET
ajfa-14202	108	3	value	value	NOUN
ajfa-14202	108	4	of	of	ADP
ajfa-14202	108	5	the	the	DET
ajfa-14202	108	6	test	test	NOUN
ajfa-14202	108	7	statistic	statistic	NOUN
ajfa-14202	108	8	is	be	AUX
ajfa-14202	108	9	larger	large	ADJ
ajfa-14202	108	10	than	than	ADP
ajfa-14202	108	11	the	the	DET
ajfa-14202	108	12	critical	critical	ADJ
ajfa-14202	108	13	values	value	NOUN
ajfa-14202	108	14	from	from	ADP
ajfa-14202	108	15	the	the	DET
ajfa-14202	108	16	𝜒	𝜒	NOUN
ajfa-14202	108	17	distribution	distribution	NOUN
ajfa-14202	108	18	,	,	PUNCT
ajfa-14202	108	19	then	then	ADV
ajfa-14202	108	20	the	the	DET
ajfa-14202	108	21	null	null	ADJ
ajfa-14202	108	22	hypothesis	hypothesis	NOUN
ajfa-14202	108	23	would	would	AUX
ajfa-14202	108	24	be	be	AUX
ajfa-14202	108	25	rejected	reject	VERB
ajfa-14202	108	26	.	.	PUNCT
ajfa-14202	109	1	3.6	3.6	NUM
ajfa-14202	109	2	student	student	NOUN
ajfa-14202	109	3	-	-	PUNCT
ajfa-14202	109	4	t	t	NOUN
ajfa-14202	109	5	distribution	distribution	NOUN
ajfa-14202	109	6	assumption	assumption	NOUN
ajfa-14202	109	7	this	this	PRON
ajfa-14202	109	8	was	be	AUX
ajfa-14202	109	9	employed	employ	VERB
ajfa-14202	109	10	to	to	PART
ajfa-14202	109	11	report	report	VERB
ajfa-14202	109	12	for	for	ADP
ajfa-14202	109	13	fat	fat	ADJ
ajfa-14202	109	14	tails	tail	NOUN
ajfa-14202	109	15	that	that	PRON
ajfa-14202	109	16	are	be	AUX
ajfa-14202	109	17	common	common	ADJ
ajfa-14202	109	18	in	in	ADP
ajfa-14202	109	19	financial	financial	ADJ
ajfa-14202	109	20	series	series	NOUN
ajfa-14202	109	21	.	.	PUNCT
ajfa-14202	110	1	the	the	DET
ajfa-14202	110	2	arch	arch	ADJ
ajfa-14202	110	3	models	model	NOUN
ajfa-14202	110	4	are	be	AUX
ajfa-14202	110	5	estimated	estimate	VERB
ajfa-14202	110	6	by	by	ADP
ajfa-14202	110	7	applying	apply	VERB
ajfa-14202	110	8	the	the	DET
ajfa-14202	110	9	maximum	maximum	ADJ
ajfa-14202	110	10	likelihood	likelihood	NOUN
ajfa-14202	110	11	approach	approach	NOUN
ajfa-14202	110	12	given	give	VERB
ajfa-14202	110	13	a	a	DET
ajfa-14202	110	14	distributional	distributional	ADJ
ajfa-14202	110	15	assumption	assumption	NOUN
ajfa-14202	110	16	.	.	PUNCT
ajfa-14202	111	1	the	the	DET
ajfa-14202	111	2	contribution	contribution	NOUN
ajfa-14202	111	3	to	to	ADP
ajfa-14202	111	4	the	the	DET
ajfa-14202	111	5	likelihood	likelihood	NOUN
ajfa-14202	111	6	for	for	ADP
ajfa-14202	111	7	observation	observation	NOUN
ajfa-14202	111	8	‘	'	PUNCT
ajfa-14202	111	9	t	t	NOUN
ajfa-14202	111	10	’	'	PUNCT
ajfa-14202	111	11	for	for	ADP
ajfa-14202	111	12	the	the	DET
ajfa-14202	111	13	student	student	NOUN
ajfa-14202	111	14	–	–	PUNCT
ajfa-14202	111	15	t	t	NOUN
ajfa-14202	111	16	distribution	distribution	NOUN
ajfa-14202	111	17	is	be	AUX
ajfa-14202	111	18	as	as	SCONJ
ajfa-14202	111	19	follows	follow	VERB
ajfa-14202	111	20	:	:	PUNCT
ajfa-14202	111	21	𝑖	𝑖	SYM
ajfa-14202	111	22	=	=	SYM
ajfa-14202	111	23	log	log	PROPN
ajfa-14202	111	24	(	(	PUNCT
ajfa-14202	111	25	(	(	PUNCT
ajfa-14202	111	26	)	)	PUNCT
ajfa-14202	111	27	(	(	PUNCT
ajfa-14202	111	28	)	)	PUNCT
ajfa-14202	111	29	^	^	PUNCT
ajfa-14202	111	30	(	(	PUNCT
ajfa-14202	111	31	)	)	PUNCT
ajfa-14202	111	32	^	^	PUNCT
ajfa-14202	111	33	log𝜎	log𝜎	NOUN
ajfa-14202	111	34	log(1	log(1	NOUN
ajfa-14202	111	35	+	+	X
ajfa-14202	111	36	^	^	SYM
ajfa-14202	111	37	(	(	PUNCT
ajfa-14202	111	38	)	)	PUNCT
ajfa-14202	111	39	(	(	PUNCT
ajfa-14202	111	40	11	11	NUM
ajfa-14202	111	41	)	)	PUNCT
ajfa-14202	111	42	asian	asian	ADJ
ajfa-14202	111	43	journal	journal	NOUN
ajfa-14202	111	44	of	of	ADP
ajfa-14202	111	45	finance	finance	PROPN
ajfa-14202	111	46	&	&	CCONJ
ajfa-14202	111	47	accounting	accounting	PROPN
ajfa-14202	111	48	issn	issn	PROPN
ajfa-14202	111	49	1946	1946	NUM
ajfa-14202	111	50	-	-	PUNCT
ajfa-14202	111	51	052x	052x	PROPN
ajfa-14202	111	52	2019	2019	NUM
ajfa-14202	111	53	,	,	PUNCT
ajfa-14202	111	54	vol	vol	NOUN
ajfa-14202	111	55	.	.	PROPN
ajfa-14202	111	56	11	11	NUM
ajfa-14202	111	57	,	,	PUNCT
ajfa-14202	111	58	no	no	INTJ
ajfa-14202	111	59	.	.	NOUN
ajfa-14202	111	60	1	1	NUM
ajfa-14202	111	61	48	48	NUM
ajfa-14202	111	62	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-14202	111	63	where	where	SCONJ
ajfa-14202	111	64	r	r	NOUN
ajfa-14202	111	65	(	(	PUNCT
ajfa-14202	111	66	.	.	PUNCT
ajfa-14202	111	67	)	)	PUNCT
ajfa-14202	111	68	is	be	AUX
ajfa-14202	111	69	a	a	DET
ajfa-14202	111	70	gamma	gamma	NOUN
ajfa-14202	111	71	function	function	NOUN
ajfa-14202	111	72	and	and	CCONJ
ajfa-14202	111	73	v>2	v>2	NOUN
ajfa-14202	111	74	is	be	AUX
ajfa-14202	111	75	a	a	DET
ajfa-14202	111	76	shape	shape	NOUN
ajfa-14202	111	77	parameter	parameter	NOUN
ajfa-14202	111	78	which	which	PRON
ajfa-14202	111	79	controls	control	VERB
ajfa-14202	111	80	the	the	DET
ajfa-14202	111	81	tail	tail	NOUN
ajfa-14202	111	82	behavior	behavior	NOUN
ajfa-14202	111	83	.	.	PUNCT
ajfa-14202	112	1	thus	thus	ADV
ajfa-14202	112	2	when	when	SCONJ
ajfa-14202	112	3	v→	v→	ADV
ajfa-14202	112	4	𝜑	𝜑	VERB
ajfa-14202	112	5	,	,	PUNCT
ajfa-14202	112	6	the	the	DET
ajfa-14202	112	7	distribution	distribution	NOUN
ajfa-14202	112	8	converges	converge	VERB
ajfa-14202	112	9	to	to	ADP
ajfa-14202	112	10	gaussian	gaussian	NOUN
ajfa-14202	112	11	.	.	PUNCT
ajfa-14202	113	1	3.7	3.7	NUM
ajfa-14202	113	2	mean	mean	NOUN
ajfa-14202	113	3	reversion	reversion	NOUN
ajfa-14202	113	4	mean	mean	VERB
ajfa-14202	113	5	reversion	reversion	NOUN
ajfa-14202	113	6	implies	imply	VERB
ajfa-14202	113	7	that	that	SCONJ
ajfa-14202	113	8	the	the	DET
ajfa-14202	113	9	present	present	ADJ
ajfa-14202	113	10	information	information	NOUN
ajfa-14202	113	11	has	have	VERB
ajfa-14202	113	12	no	no	DET
ajfa-14202	113	13	influence	influence	NOUN
ajfa-14202	113	14	on	on	ADP
ajfa-14202	113	15	the	the	DET
ajfa-14202	113	16	long	long	ADJ
ajfa-14202	113	17	run	run	NOUN
ajfa-14202	113	18	forecast	forecast	NOUN
ajfa-14202	113	19	of	of	ADP
ajfa-14202	113	20	the	the	DET
ajfa-14202	113	21	volatility	volatility	NOUN
ajfa-14202	113	22	.	.	PUNCT
ajfa-14202	114	1	persistence	persistence	NOUN
ajfa-14202	114	2	dynamics	dynamic	NOUN
ajfa-14202	114	3	in	in	ADP
ajfa-14202	114	4	volatility	volatility	NOUN
ajfa-14202	114	5	is	be	AUX
ajfa-14202	114	6	generally	generally	ADV
ajfa-14202	114	7	captured	capture	VERB
ajfa-14202	114	8	in	in	ADP
ajfa-14202	114	9	the	the	DET
ajfa-14202	114	10	garch	garch	NOUN
ajfa-14202	114	11	coefficients	coefficient	NOUN
ajfa-14202	114	12	of	of	ADP
ajfa-14202	114	13	the	the	DET
ajfa-14202	114	14	garch	garch	NOUN
ajfa-14202	114	15	model	model	NOUN
ajfa-14202	114	16	.	.	PUNCT
ajfa-14202	115	1	in	in	ADP
ajfa-14202	115	2	the	the	DET
ajfa-14202	115	3	stationery	stationery	NOUN
ajfa-14202	115	4	garch	garch	NOUN
ajfa-14202	115	5	model	model	NOUN
ajfa-14202	115	6	,	,	PUNCT
ajfa-14202	115	7	the	the	DET
ajfa-14202	115	8	volatility	volatility	NOUN
ajfa-14202	115	9	mean	mean	VERB
ajfa-14202	115	10	reverts	revert	VERB
ajfa-14202	115	11	to	to	ADP
ajfa-14202	115	12	its	its	PRON
ajfa-14202	115	13	long	long	ADJ
ajfa-14202	115	14	run	run	NOUN
ajfa-14202	115	15	level	level	NOUN
ajfa-14202	115	16	,	,	PUNCT
ajfa-14202	115	17	at	at	ADP
ajfa-14202	115	18	a	a	DET
ajfa-14202	115	19	rate	rate	NOUN
ajfa-14202	115	20	given	give	VERB
ajfa-14202	115	21	by	by	ADP
ajfa-14202	115	22	the	the	DET
ajfa-14202	115	23	sum	sum	NOUN
ajfa-14202	115	24	of	of	ADP
ajfa-14202	115	25	arch	arch	ADJ
ajfa-14202	115	26	and	and	CCONJ
ajfa-14202	115	27	garch	garch	NOUN
ajfa-14202	115	28	coefficients	coefficient	NOUN
ajfa-14202	115	29	which	which	PRON
ajfa-14202	115	30	is	be	AUX
ajfa-14202	115	31	usually	usually	ADV
ajfa-14202	115	32	closer	close	ADJ
ajfa-14202	115	33	to	to	ADP
ajfa-14202	115	34	1	1	NUM
ajfa-14202	115	35	.	.	PUNCT
ajfa-14202	116	1	the	the	DET
ajfa-14202	116	2	magnitude	magnitude	NOUN
ajfa-14202	116	3	of	of	ADP
ajfa-14202	116	4	the	the	DET
ajfa-14202	116	5	mean	mean	ADJ
ajfa-14202	116	6	reverting	revert	VERB
ajfa-14202	116	7	rate	rate	NOUN
ajfa-14202	116	8	𝛼	𝛼	PRON
ajfa-14202	116	9	+	+	NOUN
ajfa-14202	116	10	𝛽	𝛽	NOUN
ajfa-14202	116	11	controls	control	VERB
ajfa-14202	116	12	the	the	DET
ajfa-14202	116	13	speed	speed	NOUN
ajfa-14202	116	14	of	of	ADP
ajfa-14202	116	15	the	the	DET
ajfa-14202	116	16	mean	mean	ADJ
ajfa-14202	116	17	reversion	reversion	NOUN
ajfa-14202	116	18	.	.	PUNCT
ajfa-14202	117	1	3.8	3.8	NUM
ajfa-14202	117	2	volatility	volatility	NOUN
ajfa-14202	117	3	measurement	measurement	NOUN
ajfa-14202	117	4	techniques	technique	VERB
ajfa-14202	117	5	3.8.1	3.8.1	NUM
ajfa-14202	117	6	symmetric	symmetric	ADJ
ajfa-14202	117	7	models	model	NOUN
ajfa-14202	117	8	most	most	ADJ
ajfa-14202	117	9	of	of	ADP
ajfa-14202	117	10	the	the	DET
ajfa-14202	117	11	studies	study	NOUN
ajfa-14202	117	12	endeavored	endeavor	VERB
ajfa-14202	117	13	on	on	ADP
ajfa-14202	117	14	modeling	model	VERB
ajfa-14202	117	15	volatility	volatility	NOUN
ajfa-14202	117	16	found	find	VERB
ajfa-14202	117	17	that	that	DET
ajfa-14202	117	18	garch	garch	NOUN
ajfa-14202	117	19	(	(	PUNCT
ajfa-14202	117	20	1,1	1,1	NUM
ajfa-14202	117	21	)	)	PUNCT
ajfa-14202	117	22	is	be	AUX
ajfa-14202	117	23	the	the	DET
ajfa-14202	117	24	best	good	ADJ
ajfa-14202	117	25	to	to	PART
ajfa-14202	117	26	capture	capture	VERB
ajfa-14202	117	27	the	the	DET
ajfa-14202	117	28	symmetric	symmetric	ADJ
ajfa-14202	117	29	effects	effect	NOUN
ajfa-14202	117	30	and	and	CCONJ
ajfa-14202	117	31	for	for	SCONJ
ajfa-14202	117	32	the	the	DET
ajfa-14202	117	33	leverage	leverage	NOUN
ajfa-14202	117	34	effects	effect	NOUN
ajfa-14202	117	35	egarch	egarch	NOUN
ajfa-14202	117	36	model	model	NOUN
ajfa-14202	117	37	have	have	AUX
ajfa-14202	117	38	been	be	AUX
ajfa-14202	117	39	found	find	VERB
ajfa-14202	117	40	to	to	PART
ajfa-14202	117	41	be	be	AUX
ajfa-14202	117	42	appropriate	appropriate	ADJ
ajfa-14202	117	43	by	by	ADP
ajfa-14202	117	44	previous	previous	ADJ
ajfa-14202	117	45	studies	study	NOUN
ajfa-14202	117	46	.	.	PUNCT
ajfa-14202	118	1	the	the	DET
ajfa-14202	118	2	present	present	ADJ
ajfa-14202	118	3	study	study	NOUN
ajfa-14202	118	4	uses	use	VERB
ajfa-14202	118	5	garch	garch	NOUN
ajfa-14202	118	6	(	(	PUNCT
ajfa-14202	118	7	1,1	1,1	NUM
ajfa-14202	118	8	)	)	PUNCT
ajfa-14202	118	9	,	,	PUNCT
ajfa-14202	118	10	egarch	egarch	NOUN
ajfa-14202	118	11	and	and	CCONJ
ajfa-14202	118	12	tgarch	tgarch	VERB
ajfa-14202	118	13	to	to	PART
ajfa-14202	118	14	capture	capture	VERB
ajfa-14202	118	15	symmetric	symmetric	ADJ
ajfa-14202	118	16	as	as	ADV
ajfa-14202	118	17	well	well	ADV
ajfa-14202	118	18	as	as	ADP
ajfa-14202	118	19	asymmetric	asymmetric	ADJ
ajfa-14202	118	20	effects	effect	NOUN
ajfa-14202	118	21	of	of	ADP
ajfa-14202	118	22	the	the	DET
ajfa-14202	118	23	return	return	NOUN
ajfa-14202	118	24	series	series	NOUN
ajfa-14202	118	25	and	and	CCONJ
ajfa-14202	118	26	to	to	PART
ajfa-14202	118	27	choose	choose	VERB
ajfa-14202	118	28	the	the	DET
ajfa-14202	118	29	most	most	ADV
ajfa-14202	118	30	appropriate	appropriate	ADJ
ajfa-14202	118	31	model	model	NOUN
ajfa-14202	118	32	in	in	ADP
ajfa-14202	118	33	volatility	volatility	NOUN
ajfa-14202	118	34	estimation	estimation	NOUN
ajfa-14202	118	35	.	.	PUNCT
ajfa-14202	119	1	to	to	PART
ajfa-14202	119	2	model	model	VERB
ajfa-14202	119	3	leverage	leverage	NOUN
ajfa-14202	119	4	effects	effect	NOUN
ajfa-14202	119	5	characteristics	characteristic	NOUN
ajfa-14202	119	6	of	of	ADP
ajfa-14202	119	7	the	the	DET
ajfa-14202	119	8	data	datum	NOUN
ajfa-14202	119	9	the	the	DET
ajfa-14202	119	10	egarch	egarch	NOUN
ajfa-14202	119	11	and	and	CCONJ
ajfa-14202	119	12	tgarch	tgarch	NOUN
ajfa-14202	119	13	models	model	NOUN
ajfa-14202	119	14	were	be	AUX
ajfa-14202	119	15	used	use	VERB
ajfa-14202	119	16	.	.	PUNCT
ajfa-14202	120	1	according	accord	VERB
ajfa-14202	120	2	to	to	ADP
ajfa-14202	120	3	brook	brook	PROPN
ajfa-14202	120	4	and	and	CCONJ
ajfa-14202	120	5	burke	burke	PROPN
ajfa-14202	120	6	(	(	PUNCT
ajfa-14202	120	7	2003	2003	NUM
ajfa-14202	120	8	)	)	PUNCT
ajfa-14202	120	9	lag	lag	NOUN
ajfa-14202	120	10	order	order	NOUN
ajfa-14202	120	11	(	(	PUNCT
ajfa-14202	120	12	1,1	1,1	NUM
ajfa-14202	120	13	)	)	PUNCT
ajfa-14202	120	14	is	be	AUX
ajfa-14202	120	15	satisfactory	satisfactory	ADJ
ajfa-14202	120	16	to	to	PART
ajfa-14202	120	17	capture	capture	VERB
ajfa-14202	120	18	all	all	DET
ajfa-14202	120	19	the	the	DET
ajfa-14202	120	20	volatility	volatility	NOUN
ajfa-14202	120	21	clustering	cluster	VERB
ajfa-14202	120	22	in	in	ADP
ajfa-14202	120	23	the	the	DET
ajfa-14202	120	24	returns	return	NOUN
ajfa-14202	120	25	data	datum	NOUN
ajfa-14202	120	26	.	.	PUNCT
ajfa-14202	121	1	the	the	DET
ajfa-14202	121	2	garch	garch	NOUN
ajfa-14202	121	3	model	model	NOUN
ajfa-14202	121	4	(	(	PUNCT
ajfa-14202	121	5	bollerslev	bollerslev	ADJ
ajfa-14202	121	6	,	,	PUNCT
ajfa-14202	121	7	1986	1986	NUM
ajfa-14202	121	8	)	)	PUNCT
ajfa-14202	121	9	,	,	PUNCT
ajfa-14202	121	10	which	which	PRON
ajfa-14202	121	11	allows	allow	VERB
ajfa-14202	121	12	the	the	DET
ajfa-14202	121	13	conditional	conditional	ADJ
ajfa-14202	121	14	variance	variance	NOUN
ajfa-14202	121	15	to	to	PART
ajfa-14202	121	16	be	be	AUX
ajfa-14202	121	17	dependent	dependent	ADJ
ajfa-14202	121	18	upon	upon	SCONJ
ajfa-14202	121	19	the	the	DET
ajfa-14202	121	20	previous	previous	ADJ
ajfa-14202	121	21	own	own	ADJ
ajfa-14202	121	22	lags	lag	NOUN
ajfa-14202	121	23	conform	conform	VERB
ajfa-14202	121	24	to	to	ADP
ajfa-14202	121	25	the	the	DET
ajfa-14202	121	26	conditional	conditional	ADJ
ajfa-14202	121	27	variance	variance	NOUN
ajfa-14202	121	28	equation	equation	NOUN
ajfa-14202	121	29	in	in	ADP
ajfa-14202	121	30	the	the	DET
ajfa-14202	121	31	simplest	simple	ADJ
ajfa-14202	121	32	form	form	NOUN
ajfa-14202	121	33	as	as	ADP
ajfa-14202	121	34	:	:	PUNCT
ajfa-14202	121	35	mean	mean	ADJ
ajfa-14202	121	36	equation	equation	NOUN
ajfa-14202	121	37	:	:	PUNCT
ajfa-14202	121	38	𝑟	𝑟	X
ajfa-14202	121	39	=	=	SYM
ajfa-14202	121	40	µ+𝑒	µ+𝑒	NUM
ajfa-14202	121	41	and	and	CCONJ
ajfa-14202	121	42	variance	variance	VERB
ajfa-14202	121	43	equation:𝜎	equation:𝜎	NOUN
ajfa-14202	121	44	=	=	PUNCT
ajfa-14202	121	45	𝜔+𝛼𝜀	𝜔+𝛼𝜀	PUNCT
ajfa-14202	122	1	+	+	ADV
ajfa-14202	122	2	𝛽𝜀	𝛽𝜀	ADP
ajfa-14202	122	3	where	where	SCONJ
ajfa-14202	122	4	𝜔>0	𝜔>0	ADJ
ajfa-14202	122	5	,	,	PUNCT
ajfa-14202	122	6	𝛼	𝛼	AUX
ajfa-14202	122	7	,	,	PUNCT
ajfa-14202	122	8	𝛽	𝛽	PROPN
ajfa-14202	122	9	≥0,𝑟	≥0,𝑟	PUNCT
ajfa-14202	122	10	is	be	AUX
ajfa-14202	122	11	the	the	DET
ajfa-14202	122	12	return	return	NOUN
ajfa-14202	122	13	of	of	ADP
ajfa-14202	122	14	the	the	DET
ajfa-14202	122	15	asset	asset	NOUN
ajfa-14202	122	16	at	at	ADP
ajfa-14202	122	17	time	time	NOUN
ajfa-14202	122	18	t	t	PROPN
ajfa-14202	122	19	,	,	PUNCT
ajfa-14202	122	20	𝜇	𝜇	X
ajfa-14202	122	21	is	be	AUX
ajfa-14202	122	22	the	the	DET
ajfa-14202	122	23	average	average	ADJ
ajfa-14202	122	24	return	return	NOUN
ajfa-14202	122	25	and	and	CCONJ
ajfa-14202	122	26	𝜀	𝜀	NOUN
ajfa-14202	122	27	is	be	AUX
ajfa-14202	122	28	the	the	DET
ajfa-14202	122	29	residual	residual	ADJ
ajfa-14202	122	30	return.the	return.the	DET
ajfa-14202	122	31	conditional	conditional	ADJ
ajfa-14202	122	32	variance	variance	NOUN
ajfa-14202	122	33	equation	equation	NOUN
ajfa-14202	122	34	postulates	postulate	VERB
ajfa-14202	122	35	that	that	SCONJ
ajfa-14202	122	36	the	the	DET
ajfa-14202	122	37	volatility	volatility	NOUN
ajfa-14202	122	38	in	in	ADP
ajfa-14202	122	39	the	the	DET
ajfa-14202	122	40	current	current	ADJ
ajfa-14202	122	41	period	period	NOUN
ajfa-14202	122	42	is	be	AUX
ajfa-14202	122	43	not	not	PART
ajfa-14202	122	44	only	only	ADV
ajfa-14202	122	45	related	relate	VERB
ajfa-14202	122	46	to	to	ADP
ajfa-14202	122	47	the	the	DET
ajfa-14202	122	48	squared	square	VERB
ajfa-14202	122	49	error	error	NOUN
ajfa-14202	122	50	term	term	NOUN
ajfa-14202	122	51	in	in	ADP
ajfa-14202	122	52	the	the	DET
ajfa-14202	122	53	previous	previous	ADJ
ajfa-14202	122	54	term	term	NOUN
ajfa-14202	122	55	but	but	CCONJ
ajfa-14202	122	56	also	also	ADV
ajfa-14202	122	57	on	on	ADP
ajfa-14202	122	58	its	its	PRON
ajfa-14202	122	59	conditional	conditional	ADJ
ajfa-14202	122	60	variance	variance	NOUN
ajfa-14202	122	61	in	in	ADP
ajfa-14202	122	62	the	the	DET
ajfa-14202	122	63	previous	previous	ADJ
ajfa-14202	122	64	time	time	NOUN
ajfa-14202	122	65	period	period	NOUN
ajfa-14202	122	66	.	.	PUNCT
ajfa-14202	123	1	3.8.2	3.8.2	NUM
ajfa-14202	123	2	asymmetric	asymmetric	ADJ
ajfa-14202	123	3	measurement	measurement	NOUN
ajfa-14202	123	4	egarch	egarch	NOUN
ajfa-14202	123	5	model	model	VERB
ajfa-14202	123	6	the	the	DET
ajfa-14202	123	7	key	key	ADJ
ajfa-14202	123	8	shortcoming	shortcoming	NOUN
ajfa-14202	123	9	of	of	ADP
ajfa-14202	123	10	the	the	DET
ajfa-14202	123	11	symmetric	symmetric	ADJ
ajfa-14202	123	12	garch	garch	NOUN
ajfa-14202	123	13	is	be	AUX
ajfa-14202	123	14	that	that	SCONJ
ajfa-14202	123	15	the	the	DET
ajfa-14202	123	16	conditional	conditional	ADJ
ajfa-14202	123	17	variance	variance	NOUN
ajfa-14202	123	18	is	be	AUX
ajfa-14202	123	19	not	not	PART
ajfa-14202	123	20	capable	capable	ADJ
ajfa-14202	123	21	of	of	ADP
ajfa-14202	123	22	reacting	react	VERB
ajfa-14202	123	23	asymmetrically	asymmetrically	ADV
ajfa-14202	123	24	to	to	ADP
ajfa-14202	123	25	abrupt	abrupt	ADJ
ajfa-14202	123	26	changes	change	NOUN
ajfa-14202	123	27	in	in	ADP
ajfa-14202	123	28	the	the	DET
ajfa-14202	123	29	stock	stock	NOUN
ajfa-14202	123	30	returns	return	NOUN
ajfa-14202	123	31	as	as	SCONJ
ajfa-14202	123	32	only	only	ADV
ajfa-14202	123	33	the	the	DET
ajfa-14202	123	34	squared	square	VERB
ajfa-14202	123	35	residuals	residual	NOUN
ajfa-14202	123	36	𝜀	𝜀	NOUN
ajfa-14202	123	37	enter	enter	VERB
ajfa-14202	123	38	the	the	DET
ajfa-14202	123	39	equation	equation	NOUN
ajfa-14202	123	40	and	and	CCONJ
ajfa-14202	123	41	the	the	DET
ajfa-14202	123	42	signs	sign	NOUN
ajfa-14202	123	43	of	of	ADP
ajfa-14202	123	44	the	the	DET
ajfa-14202	123	45	residuals	residual	NOUN
ajfa-14202	123	46	or	or	CCONJ
ajfa-14202	123	47	the	the	DET
ajfa-14202	123	48	shocks	shock	NOUN
ajfa-14202	123	49	have	have	VERB
ajfa-14202	123	50	no	no	DET
ajfa-14202	123	51	effect	effect	NOUN
ajfa-14202	123	52	.	.	PUNCT
ajfa-14202	124	1	egarch	egarch	NOUN
ajfa-14202	124	2	and	and	CCONJ
ajfa-14202	124	3	tgarch	tgarch	PROPN
ajfa-14202	124	4	are	be	AUX
ajfa-14202	124	5	two	two	NUM
ajfa-14202	124	6	of	of	ADP
ajfa-14202	124	7	the	the	DET
ajfa-14202	124	8	asymmetric	asymmetric	ADJ
ajfa-14202	124	9	models	model	NOUN
ajfa-14202	124	10	used	use	VERB
ajfa-14202	124	11	in	in	ADP
ajfa-14202	124	12	this	this	DET
ajfa-14202	124	13	study	study	NOUN
ajfa-14202	124	14	to	to	PART
ajfa-14202	124	15	check	check	VERB
ajfa-14202	124	16	the	the	DET
ajfa-14202	124	17	association	association	NOUN
ajfa-14202	124	18	between	between	ADP
ajfa-14202	124	19	asymmetric	asymmetric	ADJ
ajfa-14202	124	20	volatility	volatility	NOUN
ajfa-14202	124	21	and	and	CCONJ
ajfa-14202	124	22	the	the	DET
ajfa-14202	124	23	returns	return	NOUN
ajfa-14202	124	24	.	.	PUNCT
ajfa-14202	125	1	a	a	DET
ajfa-14202	125	2	stylized	stylize	VERB
ajfa-14202	125	3	fact	fact	NOUN
ajfa-14202	125	4	of	of	ADP
ajfa-14202	125	5	financial	financial	ADJ
ajfa-14202	125	6	volatility	volatility	NOUN
ajfa-14202	125	7	is	be	AUX
ajfa-14202	125	8	that	that	SCONJ
ajfa-14202	125	9	negative	negative	ADJ
ajfa-14202	125	10	shocks	shock	NOUN
ajfa-14202	125	11	tend	tend	VERB
ajfa-14202	125	12	to	to	PART
ajfa-14202	125	13	have	have	VERB
ajfa-14202	125	14	a	a	DET
ajfa-14202	125	15	larger	large	ADJ
ajfa-14202	125	16	impact	impact	NOUN
ajfa-14202	125	17	on	on	ADP
ajfa-14202	125	18	volatility	volatility	NOUN
ajfa-14202	125	19	than	than	ADP
ajfa-14202	125	20	the	the	DET
ajfa-14202	125	21	positive	positive	ADJ
ajfa-14202	125	22	shocks	shock	NOUN
ajfa-14202	125	23	.	.	PUNCT
ajfa-14202	126	1	the	the	DET
ajfa-14202	126	2	extended	extended	ADJ
ajfa-14202	126	3	garch	garch	NOUN
ajfa-14202	126	4	models	model	NOUN
ajfa-14202	126	5	calculate	calculate	VERB
ajfa-14202	126	6	conditional	conditional	ADJ
ajfa-14202	126	7	variance	variance	NOUN
ajfa-14202	126	8	in	in	ADP
ajfa-14202	126	9	the	the	DET
ajfa-14202	126	10	incidence	incidence	NOUN
ajfa-14202	126	11	of	of	ADP
ajfa-14202	126	12	asymmetric	asymmetric	ADJ
ajfa-14202	126	13	shocks	shock	NOUN
ajfa-14202	126	14	and	and	CCONJ
ajfa-14202	126	15	persistence	persistence	NOUN
ajfa-14202	126	16	of	of	ADP
ajfa-14202	126	17	the	the	DET
ajfa-14202	126	18	shocks	shock	NOUN
ajfa-14202	126	19	to	to	ADP
ajfa-14202	126	20	the	the	DET
ajfa-14202	126	21	market	market	NOUN
ajfa-14202	126	22	.	.	PUNCT
ajfa-14202	127	1	egarch	egarch	PROPN
ajfa-14202	127	2	is	be	AUX
ajfa-14202	127	3	one	one	NUM
ajfa-14202	127	4	of	of	ADP
ajfa-14202	127	5	the	the	DET
ajfa-14202	127	6	extensions	extension	NOUN
ajfa-14202	127	7	of	of	ADP
ajfa-14202	127	8	the	the	DET
ajfa-14202	127	9	garch	garch	NOUN
ajfa-14202	127	10	model	model	NOUN
ajfa-14202	127	11	which	which	PRON
ajfa-14202	127	12	captures	capture	VERB
ajfa-14202	127	13	the	the	DET
ajfa-14202	127	14	asymmetric	asymmetric	ADJ
ajfa-14202	127	15	effect	effect	NOUN
ajfa-14202	127	16	of	of	ADP
ajfa-14202	127	17	news	news	NOUN
ajfa-14202	127	18	and	and	CCONJ
ajfa-14202	127	19	the	the	DET
ajfa-14202	127	20	volatility	volatility	NOUN
ajfa-14202	127	21	.	.	PUNCT
ajfa-14202	128	1	asian	asian	ADJ
ajfa-14202	128	2	journal	journal	PROPN
ajfa-14202	128	3	of	of	ADP
ajfa-14202	128	4	finance	finance	PROPN
ajfa-14202	128	5	&	&	CCONJ
ajfa-14202	128	6	accounting	accounting	PROPN
ajfa-14202	128	7	issn	issn	PROPN
ajfa-14202	128	8	1946	1946	NUM
ajfa-14202	128	9	-	-	PUNCT
ajfa-14202	128	10	052x	052x	PROPN
ajfa-14202	128	11	2019	2019	NUM
ajfa-14202	128	12	,	,	PUNCT
ajfa-14202	128	13	vol	vol	NOUN
ajfa-14202	128	14	.	.	PROPN
ajfa-14202	128	15	11	11	NUM
ajfa-14202	128	16	,	,	PUNCT
ajfa-14202	128	17	no	no	INTJ
ajfa-14202	128	18	.	.	NOUN
ajfa-14202	128	19	1	1	NUM
ajfa-14202	128	20	49	49	NUM
ajfa-14202	128	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	128	22	𝜎	𝜎	NOUN
ajfa-14202	129	1	=	=	PUNCT
ajfa-14202	129	2	𝛼	𝛼	X
ajfa-14202	129	3	+	+	NOUN
ajfa-14202	129	4	𝛼	𝛼	NOUN
ajfa-14202	129	5	∪	∪	ADJ
ajfa-14202	129	6	+	+	NOUN
ajfa-14202	129	7	𝛼	𝛼	NOUN
ajfa-14202	129	8	∪	∪	ADJ
ajfa-14202	129	9	+	+	NOUN
ajfa-14202	129	10	…	…	PUNCT
ajfa-14202	129	11	…	…	PUNCT
ajfa-14202	129	12	..	..	PUNCT
ajfa-14202	129	13	𝛼	𝛼	NOUN
ajfa-14202	129	14	∪	∪	ADP
ajfa-14202	129	15	…	…	PUNCT
ajfa-14202	129	16	…	…	PUNCT
ajfa-14202	129	17	…	…	SYM
ajfa-14202	129	18	.arch	.arch	NOUN
ajfa-14202	129	19	(	(	PUNCT
ajfa-14202	129	20	q	q	NOUN
ajfa-14202	129	21	)	)	PUNCT
ajfa-14202	129	22	(	(	PUNCT
ajfa-14202	129	23	12	12	NUM
ajfa-14202	129	24	)	)	PUNCT
ajfa-14202	129	25	α0	α0	PROPN
ajfa-14202	129	26	=	=	PUNCT
ajfa-14202	129	27	is	be	AUX
ajfa-14202	129	28	the	the	DET
ajfa-14202	129	29	measure	measure	NOUN
ajfa-14202	129	30	of	of	ADP
ajfa-14202	129	31	long	long	ADJ
ajfa-14202	129	32	term	term	NOUN
ajfa-14202	129	33	constant	constant	ADJ
ajfa-14202	129	34	volatility	volatility	NOUN
ajfa-14202	129	35	i.e.	i.e.	X
ajfa-14202	129	36	unconditional	unconditional	ADJ
ajfa-14202	129	37	variance	variance	NOUN
ajfa-14202	129	38	estimation	estimation	NOUN
ajfa-14202	129	39	.	.	PUNCT
ajfa-14202	130	1	α1….αq	α1….αq	NOUN
ajfa-14202	130	2	are	be	AUX
ajfa-14202	130	3	the	the	DET
ajfa-14202	130	4	coefficients	coefficient	NOUN
ajfa-14202	130	5	of	of	ADP
ajfa-14202	130	6	the	the	DET
ajfa-14202	130	7	residuals/	residuals/	NUM
ajfa-14202	130	8	error	error	NOUN
ajfa-14202	130	9	terms	term	NOUN
ajfa-14202	130	10	α	α	NOUN
ajfa-14202	130	11	1	1	NUM
ajfa-14202	130	12	=	=	PUNCT
ajfa-14202	130	13	is	be	AUX
ajfa-14202	130	14	the	the	DET
ajfa-14202	130	15	measure	measure	NOUN
ajfa-14202	130	16	of	of	ADP
ajfa-14202	130	17	persistence	persistence	NOUN
ajfa-14202	130	18	𝜎	𝜎	NOUN
ajfa-14202	131	1	=	=	X
ajfa-14202	131	2	𝛼	𝛼	X
ajfa-14202	131	3	+	+	NOUN
ajfa-14202	131	4	𝛼	𝛼	X
ajfa-14202	131	5	∪	∪	ADJ
ajfa-14202	131	6	+	+	ADV
ajfa-14202	131	7	𝛽𝜎	𝛽𝜎	NOUN
ajfa-14202	131	8	…	…	PUNCT
ajfa-14202	131	9	…	…	PUNCT
ajfa-14202	131	10	…	…	PUNCT
ajfa-14202	131	11	…	…	PUNCT
ajfa-14202	131	12	…	…	PUNCT
ajfa-14202	131	13	…	…	PUNCT
ajfa-14202	131	14	…	…	PUNCT
ajfa-14202	131	15	…	…	SYM
ajfa-14202	131	16	…	…	SYM
ajfa-14202	131	17	…	…	SYM
ajfa-14202	131	18	garch	garch	NOUN
ajfa-14202	131	19	(	(	PUNCT
ajfa-14202	131	20	1,1	1,1	NUM
ajfa-14202	131	21	)	)	PUNCT
ajfa-14202	131	22	(	(	PUNCT
ajfa-14202	131	23	13	13	NUM
ajfa-14202	131	24	)	)	PUNCT
ajfa-14202	131	25	α0	α0	ADJ
ajfa-14202	131	26	,	,	PUNCT
ajfa-14202	131	27	α1	α1	PROPN
ajfa-14202	131	28	and	and	CCONJ
ajfa-14202	131	29	β1	β1	PROPN
ajfa-14202	131	30	are	be	AUX
ajfa-14202	131	31	the	the	DET
ajfa-14202	131	32	coefficients	coefficient	NOUN
ajfa-14202	131	33	of	of	ADP
ajfa-14202	131	34	the	the	DET
ajfa-14202	131	35	regression	regression	NOUN
ajfa-14202	131	36	α0	α0	ADJ
ajfa-14202	131	37	unconditional	unconditional	ADJ
ajfa-14202	131	38	variance	variance	NOUN
ajfa-14202	131	39	estimation	estimation	NOUN
ajfa-14202	131	40	α1	α1	PROPN
ajfa-14202	131	41	+	+	CCONJ
ajfa-14202	131	42	β1	β1	NOUN
ajfa-14202	131	43	represents	represent	VERB
ajfa-14202	131	44	persistence	persistence	NOUN
ajfa-14202	131	45	equation	equation	NOUN
ajfa-14202	131	46	given	give	VERB
ajfa-14202	131	47	by	by	ADP
ajfa-14202	131	48	nelson	nelson	PROPN
ajfa-14202	131	49	(	(	PUNCT
ajfa-14202	131	50	1991	1991	NUM
ajfa-14202	131	51	)	)	PUNCT
ajfa-14202	131	52	for	for	ADP
ajfa-14202	131	53	egarch	egarch	NOUN
ajfa-14202	131	54	(	(	PUNCT
ajfa-14202	131	55	1,1	1,1	NUM
ajfa-14202	131	56	)	)	PUNCT
ajfa-14202	131	57	in𝜎	in𝜎	ADJ
ajfa-14202	131	58	=	=	SYM
ajfa-14202	131	59	𝜔+𝛽	𝜔+𝛽	NOUN
ajfa-14202	131	60	in	in	ADP
ajfa-14202	131	61	(	(	PUNCT
ajfa-14202	131	62	𝜎	𝜎	X
ajfa-14202	131	63	)	)	PUNCT
ajfa-14202	131	64	+	+	NOUN
ajfa-14202	131	65	𝛼	𝛼	PRON
ajfa-14202	131	66	[	[	X
ajfa-14202	131	67	(	(	PUNCT
ajfa-14202	131	68	|	|	ADV
ajfa-14202	131	69	|)]-𝛾	|)]-𝛾	PROPN
ajfa-14202	131	70	(	(	PUNCT
ajfa-14202	131	71	14	14	NUM
ajfa-14202	131	72	)	)	PUNCT
ajfa-14202	131	73	the	the	DET
ajfa-14202	131	74	above	above	ADJ
ajfa-14202	131	75	equation	equation	NOUN
ajfa-14202	131	76	gives	give	VERB
ajfa-14202	131	77	the	the	DET
ajfa-14202	131	78	log	log	NOUN
ajfa-14202	131	79	of	of	ADP
ajfa-14202	131	80	the	the	DET
ajfa-14202	131	81	conditional	conditional	ADJ
ajfa-14202	131	82	variance	variance	NOUN
ajfa-14202	131	83	.	.	PUNCT
ajfa-14202	132	1	the	the	DET
ajfa-14202	132	2	co	co	NOUN
ajfa-14202	132	3	-	-	ADJ
ajfa-14202	132	4	efficient	efficient	ADJ
ajfa-14202	132	5	𝛾	𝛾	NOUN
ajfa-14202	132	6	is	be	AUX
ajfa-14202	132	7	the	the	DET
ajfa-14202	132	8	asymmetry	asymmetry	NOUN
ajfa-14202	132	9	term	term	NOUN
ajfa-14202	132	10	and	and	CCONJ
ajfa-14202	132	11	the	the	DET
ajfa-14202	132	12	presence	presence	NOUN
ajfa-14202	132	13	of	of	ADP
ajfa-14202	132	14	leverage	leverage	NOUN
ajfa-14202	132	15	effects	effect	NOUN
ajfa-14202	132	16	can	can	AUX
ajfa-14202	132	17	also	also	ADV
ajfa-14202	132	18	be	be	AUX
ajfa-14202	132	19	tested	test	VERB
ajfa-14202	132	20	by	by	ADP
ajfa-14202	132	21	the	the	DET
ajfa-14202	132	22	hypothesis	hypothesis	NOUN
ajfa-14202	132	23	that	that	PRON
ajfa-14202	132	24	𝛾	𝛾	ADP
ajfa-14202	132	25	<	<	X
ajfa-14202	132	26	0	0	NUM
ajfa-14202	132	27	.	.	PUNCT
ajfa-14202	132	28	threshold	threshold	PROPN
ajfa-14202	132	29	garch	garch	PROPN
ajfa-14202	132	30	model	model	PROPN
ajfa-14202	132	31	-	-	PUNCT
ajfa-14202	132	32	tgarch	tgarch	VERB
ajfa-14202	132	33	the	the	DET
ajfa-14202	132	34	conditional	conditional	ADJ
ajfa-14202	132	35	variance	variance	NOUN
ajfa-14202	132	36	for	for	ADP
ajfa-14202	132	37	threshold	threshold	NOUN
ajfa-14202	132	38	garch	garch	NOUN
ajfa-14202	132	39	(	(	PUNCT
ajfa-14202	132	40	zakoiian	zakoiian	ADJ
ajfa-14202	132	41	,	,	PUNCT
ajfa-14202	132	42	1994	1994	NUM
ajfa-14202	132	43	)	)	PUNCT
ajfa-14202	132	44	is	be	AUX
ajfa-14202	132	45	given	give	VERB
ajfa-14202	132	46	by	by	ADP
ajfa-14202	132	47	the	the	DET
ajfa-14202	132	48	following	follow	VERB
ajfa-14202	132	49	generalized	generalized	ADJ
ajfa-14202	132	50	specification	specification	NOUN
ajfa-14202	132	51	:	:	PUNCT
ajfa-14202	132	52	𝜎	𝜎	X
ajfa-14202	132	53	=	=	PUNCT
ajfa-14202	132	54	𝜔	𝜔	X
ajfa-14202	132	55	+	+	NUM
ajfa-14202	132	56	𝛼	𝛼	PRON
ajfa-14202	132	57	𝜀	𝜀	X
ajfa-14202	132	58	+	+	NOUN
ajfa-14202	132	59	𝛾𝑑	𝛾𝑑	NOUN
ajfa-14202	132	60	𝜀	𝜀	X
ajfa-14202	132	61	+	+	NOUN
ajfa-14202	132	62	𝛽𝜎	𝛽𝜎	NOUN
ajfa-14202	132	63	(	(	PUNCT
ajfa-14202	132	64	15	15	NUM
ajfa-14202	132	65	)	)	PUNCT
ajfa-14202	132	66	the	the	DET
ajfa-14202	132	67	𝛾coefficient	𝛾coefficient	NOUN
ajfa-14202	132	68	captures	capture	VERB
ajfa-14202	132	69	the	the	DET
ajfa-14202	132	70	asymmetry	asymmetry	NOUN
ajfa-14202	132	71	in	in	ADP
ajfa-14202	132	72	the	the	DET
ajfa-14202	132	73	return	return	NOUN
ajfa-14202	132	74	series	series	NOUN
ajfa-14202	132	75	if	if	SCONJ
ajfa-14202	132	76	its	its	PRON
ajfa-14202	132	77	value	value	NOUN
ajfa-14202	132	78	is	be	AUX
ajfa-14202	132	79	positive	positive	ADJ
ajfa-14202	132	80	.	.	PUNCT
ajfa-14202	133	1	all	all	DET
ajfa-14202	133	2	the	the	DET
ajfa-14202	133	3	other	other	ADJ
ajfa-14202	133	4	variables	variable	NOUN
ajfa-14202	133	5	in	in	ADP
ajfa-14202	133	6	the	the	DET
ajfa-14202	133	7	equation	equation	NOUN
ajfa-14202	133	8	other	other	ADJ
ajfa-14202	133	9	than	than	ADP
ajfa-14202	133	10	the	the	DET
ajfa-14202	133	11	error	error	NOUN
ajfa-14202	133	12	term	term	NOUN
ajfa-14202	133	13	are	be	AUX
ajfa-14202	133	14	the	the	DET
ajfa-14202	133	15	parameters	parameter	NOUN
ajfa-14202	133	16	of	of	ADP
ajfa-14202	133	17	the	the	DET
ajfa-14202	133	18	conditional	conditional	ADJ
ajfa-14202	133	19	variance	variance	NOUN
ajfa-14202	133	20	equation	equation	NOUN
ajfa-14202	133	21	that	that	PRON
ajfa-14202	133	22	will	will	AUX
ajfa-14202	133	23	be	be	AUX
ajfa-14202	133	24	estimated	estimate	VERB
ajfa-14202	133	25	.	.	PUNCT
ajfa-14202	134	1	in	in	ADP
ajfa-14202	134	2	tgarch	tgarch	PROPN
ajfa-14202	134	3	model	model	NOUN
ajfa-14202	134	4	,	,	PUNCT
ajfa-14202	134	5	the	the	DET
ajfa-14202	134	6	impact	impact	NOUN
ajfa-14202	134	7	of	of	ADP
ajfa-14202	134	8	good	good	ADJ
ajfa-14202	134	9	news(𝜀	news(𝜀	INTJ
ajfa-14202	134	10	>	>	NOUN
ajfa-14202	134	11	0	0	NUM
ajfa-14202	134	12	)	)	PUNCT
ajfa-14202	134	13	and	and	CCONJ
ajfa-14202	134	14	bad	bad	ADJ
ajfa-14202	134	15	news	news	NOUN
ajfa-14202	134	16	(	(	PUNCT
ajfa-14202	134	17	𝜀	𝜀	X
ajfa-14202	134	18	<	<	X
ajfa-14202	134	19	0	0	NUM
ajfa-14202	134	20	)	)	PUNCT
ajfa-14202	134	21	on	on	ADP
ajfa-14202	134	22	the	the	DET
ajfa-14202	134	23	conditional	conditional	ADJ
ajfa-14202	134	24	variance	variance	NOUN
ajfa-14202	134	25	is	be	AUX
ajfa-14202	134	26	different	different	ADJ
ajfa-14202	134	27	.	.	PUNCT
ajfa-14202	135	1	when	when	SCONJ
ajfa-14202	135	2	𝛾	𝛾	NOUN
ajfa-14202	135	3	is	be	AUX
ajfa-14202	135	4	positive	positive	ADJ
ajfa-14202	135	5	there	there	PRON
ajfa-14202	135	6	is	be	VERB
ajfa-14202	135	7	leverage	leverage	NOUN
ajfa-14202	135	8	effect	effect	NOUN
ajfa-14202	135	9	and	and	CCONJ
ajfa-14202	135	10	when	when	SCONJ
ajfa-14202	135	11	it	it	PRON
ajfa-14202	135	12	is	be	AUX
ajfa-14202	135	13	not	not	PART
ajfa-14202	135	14	equal	equal	ADJ
ajfa-14202	135	15	to	to	ADP
ajfa-14202	135	16	0	0	NUM
ajfa-14202	135	17	it	it	PRON
ajfa-14202	135	18	is	be	AUX
ajfa-14202	135	19	asymmetric	asymmetric	ADJ
ajfa-14202	135	20	.	.	PUNCT
ajfa-14202	136	1	tgarch	tgarch	PROPN
ajfa-14202	136	2	presumes	presume	VERB
ajfa-14202	136	3	that	that	SCONJ
ajfa-14202	136	4	the	the	DET
ajfa-14202	136	5	impact	impact	NOUN
ajfa-14202	136	6	of	of	ADP
ajfa-14202	136	7	the	the	DET
ajfa-14202	136	8	squared	square	VERB
ajfa-14202	136	9	error	error	NOUN
ajfa-14202	136	10	term	term	NOUN
ajfa-14202	136	11	of	of	ADP
ajfa-14202	136	12	the	the	DET
ajfa-14202	136	13	conditional	conditional	ADJ
ajfa-14202	136	14	standard	standard	ADJ
ajfa-14202	136	15	deviation	deviation	NOUN
ajfa-14202	136	16	is	be	AUX
ajfa-14202	136	17	dissimilar	dissimilar	ADJ
ajfa-14202	136	18	when	when	SCONJ
ajfa-14202	136	19	the	the	DET
ajfa-14202	136	20	error	error	NOUN
ajfa-14202	136	21	term	term	NOUN
ajfa-14202	136	22	is	be	AUX
ajfa-14202	136	23	positive	positive	ADJ
ajfa-14202	136	24	or	or	CCONJ
ajfa-14202	136	25	negative	negative	ADJ
ajfa-14202	136	26	.	.	PUNCT
ajfa-14202	137	1	as	as	ADP
ajfa-14202	137	2	a	a	DET
ajfa-14202	137	3	result	result	NOUN
ajfa-14202	137	4	,	,	PUNCT
ajfa-14202	137	5	it	it	PRON
ajfa-14202	137	6	establishes	establish	VERB
ajfa-14202	137	7	a	a	DET
ajfa-14202	137	8	sign	sign	NOUN
ajfa-14202	137	9	that	that	PRON
ajfa-14202	137	10	takes	take	VERB
ajfa-14202	137	11	the	the	DET
ajfa-14202	137	12	value	value	NOUN
ajfa-14202	137	13	of	of	ADP
ajfa-14202	137	14	0	0	NUM
ajfa-14202	137	15	when	when	SCONJ
ajfa-14202	137	16	the	the	DET
ajfa-14202	137	17	conditional	conditional	ADJ
ajfa-14202	137	18	standard	standard	ADJ
ajfa-14202	137	19	deviation	deviation	NOUN
ajfa-14202	137	20	is	be	AUX
ajfa-14202	137	21	positive	positive	ADJ
ajfa-14202	137	22	and	and	CCONJ
ajfa-14202	137	23	1	1	NUM
ajfa-14202	137	24	when	when	SCONJ
ajfa-14202	137	25	negative	negative	ADJ
ajfa-14202	137	26	.	.	PUNCT
ajfa-14202	138	1	the	the	DET
ajfa-14202	138	2	leverage	leverage	NOUN
ajfa-14202	138	3	term	term	NOUN
ajfa-14202	138	4	usually	usually	ADV
ajfa-14202	138	5	occurs	occur	VERB
ajfa-14202	138	6	when	when	SCONJ
ajfa-14202	138	7	the	the	DET
ajfa-14202	138	8	unconditional	unconditional	ADJ
ajfa-14202	138	9	returns	return	NOUN
ajfa-14202	138	10	are	be	AUX
ajfa-14202	138	11	skewed	skewed	ADJ
ajfa-14202	138	12	,	,	PUNCT
ajfa-14202	138	13	ensuing	ensue	VERB
ajfa-14202	138	14	in	in	ADP
ajfa-14202	138	15	positive	positive	ADJ
ajfa-14202	138	16	(	(	PUNCT
ajfa-14202	138	17	negative	negative	ADJ
ajfa-14202	138	18	)	)	PUNCT
ajfa-14202	138	19	𝛾	𝛾	ADP
ajfa-14202	138	20	approximation	approximation	NOUN
ajfa-14202	138	21	when	when	SCONJ
ajfa-14202	138	22	the	the	DET
ajfa-14202	138	23	returns	return	NOUN
ajfa-14202	138	24	are	be	AUX
ajfa-14202	138	25	negatively	negatively	ADV
ajfa-14202	138	26	skewed	skewed	ADJ
ajfa-14202	138	27	on	on	ADP
ajfa-14202	138	28	average.at	average.at	PROPN
ajfa-14202	138	29	times	time	NOUN
ajfa-14202	138	30	the	the	DET
ajfa-14202	138	31	magnitude	magnitude	NOUN
ajfa-14202	138	32	or	or	CCONJ
ajfa-14202	138	33	the	the	DET
ajfa-14202	138	34	size	size	NOUN
ajfa-14202	138	35	of	of	ADP
ajfa-14202	138	36	the	the	DET
ajfa-14202	138	37	shock	shock	NOUN
ajfa-14202	138	38	will	will	AUX
ajfa-14202	138	39	also	also	ADV
ajfa-14202	138	40	impact	impact	VERB
ajfa-14202	138	41	the	the	DET
ajfa-14202	138	42	response	response	NOUN
ajfa-14202	138	43	to	to	ADP
ajfa-14202	138	44	volatility	volatility	NOUN
ajfa-14202	138	45	to	to	ADP
ajfa-14202	138	46	shocks	shock	NOUN
ajfa-14202	138	47	is	be	AUX
ajfa-14202	138	48	symmetric	symmetric	ADJ
ajfa-14202	138	49	or	or	CCONJ
ajfa-14202	138	50	not	not	PART
ajfa-14202	138	51	.	.	PUNCT
ajfa-14202	139	1	to	to	PART
ajfa-14202	139	2	investigate	investigate	VERB
ajfa-14202	139	3	this	this	DET
ajfa-14202	139	4	negative	negative	ADJ
ajfa-14202	139	5	sign	sign	NOUN
ajfa-14202	139	6	bias	bias	NOUN
ajfa-14202	139	7	has	have	VERB
ajfa-14202	139	8	to	to	PART
ajfa-14202	139	9	be	be	AUX
ajfa-14202	139	10	conducted	conduct	VERB
ajfa-14202	139	11	and	and	CCONJ
ajfa-14202	139	12	is	be	AUX
ajfa-14202	139	13	present	present	ADJ
ajfa-14202	139	14	if	if	SCONJ
ajfa-14202	139	15	𝑏	𝑏	PROPN
ajfa-14202	139	16	is	be	AUX
ajfa-14202	139	17	statistically	statistically	ADV
ajfa-14202	139	18	significant	significant	ADJ
ajfa-14202	139	19	in	in	ADP
ajfa-14202	139	20	the	the	DET
ajfa-14202	139	21	following	follow	VERB
ajfa-14202	139	22	regression	regression	NOUN
ajfa-14202	139	23	:	:	PUNCT
ajfa-14202	139	24	𝑍	𝑍	NOUN
ajfa-14202	139	25	,	,	PUNCT
ajfa-14202	139	26	=	=	NOUN
ajfa-14202	139	27	𝑏	𝑏	NOUN
ajfa-14202	139	28	+	+	NOUN
ajfa-14202	139	29	𝑏	𝑏	PROPN
ajfa-14202	139	30	𝐷	𝐷	PROPN
ajfa-14202	139	31	,	,	PUNCT
ajfa-14202	139	32	𝜀	𝜀	X
ajfa-14202	139	33	,	,	PUNCT
ajfa-14202	140	1	+	+	NOUN
ajfa-14202	140	2	v	v	ADJ
ajfa-14202	140	3	(	(	PUNCT
ajfa-14202	140	4	16	16	NUM
ajfa-14202	140	5	)	)	PUNCT
ajfa-14202	140	6	asian	asian	ADJ
ajfa-14202	140	7	journal	journal	NOUN
ajfa-14202	140	8	of	of	ADP
ajfa-14202	140	9	finance	finance	PROPN
ajfa-14202	140	10	&	&	CCONJ
ajfa-14202	140	11	accounting	accounting	PROPN
ajfa-14202	140	12	issn	issn	PROPN
ajfa-14202	140	13	1946	1946	NUM
ajfa-14202	140	14	-	-	PUNCT
ajfa-14202	140	15	052x	052x	PROPN
ajfa-14202	140	16	2019	2019	NUM
ajfa-14202	140	17	,	,	PUNCT
ajfa-14202	140	18	vol	vol	NOUN
ajfa-14202	140	19	.	.	PROPN
ajfa-14202	140	20	11	11	NUM
ajfa-14202	140	21	,	,	PUNCT
ajfa-14202	140	22	no	no	INTJ
ajfa-14202	140	23	.	.	NOUN
ajfa-14202	140	24	1	1	NUM
ajfa-14202	140	25	50	50	NUM
ajfa-14202	140	26	ajfa.macrothink.org	ajfa.macrothink.org	VERB
ajfa-14202	140	27	the	the	DET
ajfa-14202	140	28	positive	positive	ADJ
ajfa-14202	140	29	sign	sign	NOUN
ajfa-14202	140	30	bias	bias	NOUN
ajfa-14202	140	31	is	be	AUX
ajfa-14202	140	32	said	say	VERB
ajfa-14202	140	33	to	to	PART
ajfa-14202	140	34	be	be	AUX
ajfa-14202	140	35	present	present	ADJ
ajfa-14202	140	36	if	if	SCONJ
ajfa-14202	140	37	𝑏	𝑏	PROPN
ajfa-14202	140	38	is	be	AUX
ajfa-14202	140	39	statistically	statistically	ADV
ajfa-14202	140	40	significant	significant	ADJ
ajfa-14202	140	41	in	in	ADP
ajfa-14202	140	42	the	the	DET
ajfa-14202	140	43	regression	regression	NOUN
ajfa-14202	140	44	given	give	VERB
ajfa-14202	140	45	below	below	ADP
ajfa-14202	140	46	𝑍	𝑍	NOUN
ajfa-14202	140	47	,	,	PUNCT
ajfa-14202	140	48	=	=	NOUN
ajfa-14202	140	49	𝑏	𝑏	NOUN
ajfa-14202	140	50	+	+	ADJ
ajfa-14202	140	51	𝑏	𝑏	NOUN
ajfa-14202	140	52	(	(	PUNCT
ajfa-14202	140	53	1	1	NUM
ajfa-14202	140	54	−	−	PROPN
ajfa-14202	140	55	𝐷	𝐷	PROPN
ajfa-14202	140	56	,	,	PUNCT
ajfa-14202	140	57	)	)	PUNCT
ajfa-14202	140	58	𝜀	𝜀	NOUN
ajfa-14202	140	59	,	,	PUNCT
ajfa-14202	141	1	+	+	NOUN
ajfa-14202	141	2	v	v	NOUN
ajfa-14202	141	3	(	(	PUNCT
ajfa-14202	141	4	17	17	NUM
ajfa-14202	141	5	)	)	SYM
ajfa-14202	141	6	3	3	NUM
ajfa-14202	141	7	.	.	X
ajfa-14202	141	8	estimation	estimation	NOUN
ajfa-14202	141	9	results	result	VERB
ajfa-14202	141	10	4.1	4.1	NUM
ajfa-14202	141	11	descriptive	descriptive	ADJ
ajfa-14202	141	12	statistics	statistic	NOUN
ajfa-14202	141	13	table	table	PROPN
ajfa-14202	141	14	ii	ii	PROPN
ajfa-14202	141	15	presents	present	VERB
ajfa-14202	141	16	the	the	DET
ajfa-14202	141	17	descriptive	descriptive	ADJ
ajfa-14202	141	18	statistics	statistic	NOUN
ajfa-14202	141	19	of	of	ADP
ajfa-14202	141	20	the	the	DET
ajfa-14202	141	21	emerging	emerge	VERB
ajfa-14202	141	22	economies	economy	NOUN
ajfa-14202	141	23	which	which	PRON
ajfa-14202	141	24	is	be	AUX
ajfa-14202	141	25	the	the	DET
ajfa-14202	141	26	continuously	continuously	ADV
ajfa-14202	141	27	compounded	compound	VERB
ajfa-14202	141	28	monthly	monthly	ADJ
ajfa-14202	141	29	returns	return	NOUN
ajfa-14202	141	30	series	series	NOUN
ajfa-14202	141	31	over	over	ADP
ajfa-14202	141	32	the	the	DET
ajfa-14202	141	33	period	period	NOUN
ajfa-14202	141	34	under	under	ADP
ajfa-14202	141	35	the	the	DET
ajfa-14202	141	36	study	study	NOUN
ajfa-14202	141	37	.	.	PUNCT
ajfa-14202	142	1	the	the	DET
ajfa-14202	142	2	data	data	NOUN
ajfa-14202	142	3	is	be	AUX
ajfa-14202	142	4	negatively	negatively	ADV
ajfa-14202	142	5	skewed	skewed	ADJ
ajfa-14202	142	6	for	for	ADP
ajfa-14202	142	7	saudi	saudi	PROPN
ajfa-14202	142	8	arabia	arabia	PROPN
ajfa-14202	142	9	,	,	PUNCT
ajfa-14202	142	10	south	south	PROPN
ajfa-14202	142	11	korea	korea	PROPN
ajfa-14202	142	12	,	,	PUNCT
ajfa-14202	142	13	south	south	PROPN
ajfa-14202	142	14	africa	africa	PROPN
ajfa-14202	142	15	,	,	PUNCT
ajfa-14202	142	16	philippines	philippine	NOUN
ajfa-14202	142	17	,	,	PUNCT
ajfa-14202	142	18	russia	russia	PROPN
ajfa-14202	142	19	and	and	CCONJ
ajfa-14202	142	20	colombia	colombia	PROPN
ajfa-14202	142	21	indicating	indicate	VERB
ajfa-14202	142	22	that	that	SCONJ
ajfa-14202	142	23	in	in	ADP
ajfa-14202	142	24	these	these	DET
ajfa-14202	142	25	countries	country	NOUN
ajfa-14202	142	26	there	there	PRON
ajfa-14202	142	27	is	be	VERB
ajfa-14202	142	28	high	high	ADJ
ajfa-14202	142	29	probability	probability	NOUN
ajfa-14202	142	30	of	of	ADP
ajfa-14202	142	31	earnings	earning	NOUN
ajfa-14202	142	32	return	return	NOUN
ajfa-14202	142	33	which	which	PRON
ajfa-14202	142	34	is	be	AUX
ajfa-14202	142	35	greater	great	ADJ
ajfa-14202	142	36	than	than	ADP
ajfa-14202	142	37	the	the	DET
ajfa-14202	142	38	mean	mean	ADJ
ajfa-14202	142	39	returns	return	NOUN
ajfa-14202	142	40	and	and	CCONJ
ajfa-14202	142	41	the	the	DET
ajfa-14202	142	42	distribution	distribution	NOUN
ajfa-14202	142	43	of	of	ADP
ajfa-14202	142	44	the	the	DET
ajfa-14202	142	45	variables	variable	NOUN
ajfa-14202	142	46	has	have	VERB
ajfa-14202	142	47	a	a	DET
ajfa-14202	142	48	long	long	ADJ
ajfa-14202	142	49	left	leave	VERB
ajfa-14202	142	50	tail	tail	NOUN
ajfa-14202	142	51	.	.	PUNCT
ajfa-14202	143	1	further	far	ADV
ajfa-14202	143	2	it	it	PRON
ajfa-14202	143	3	implies	imply	VERB
ajfa-14202	143	4	that	that	SCONJ
ajfa-14202	143	5	the	the	DET
ajfa-14202	143	6	distribution	distribution	NOUN
ajfa-14202	143	7	is	be	AUX
ajfa-14202	143	8	negatively	negatively	ADV
ajfa-14202	143	9	skewed	skewed	ADJ
ajfa-14202	143	10	to	to	ADP
ajfa-14202	143	11	the	the	DET
ajfa-14202	143	12	normal	normal	ADJ
ajfa-14202	143	13	distribution	distribution	NOUN
ajfa-14202	143	14	.	.	PUNCT
ajfa-14202	144	1	the	the	DET
ajfa-14202	144	2	volatility	volatility	NOUN
ajfa-14202	144	3	is	be	AUX
ajfa-14202	144	4	very	very	ADV
ajfa-14202	144	5	high	high	ADJ
ajfa-14202	144	6	in	in	ADP
ajfa-14202	144	7	emerging	emerge	VERB
ajfa-14202	144	8	markets	market	NOUN
ajfa-14202	144	9	such	such	ADJ
ajfa-14202	144	10	as	as	ADP
ajfa-14202	144	11	iran	iran	PROPN
ajfa-14202	144	12	,	,	PUNCT
ajfa-14202	144	13	saudi	saudi	PROPN
ajfa-14202	144	14	arabia	arabia	PROPN
ajfa-14202	144	15	,	,	PUNCT
ajfa-14202	144	16	vietnam	vietnam	PROPN
ajfa-14202	144	17	and	and	CCONJ
ajfa-14202	144	18	russia	russia	PROPN
ajfa-14202	144	19	as	as	SCONJ
ajfa-14202	144	20	measured	measure	VERB
ajfa-14202	144	21	by	by	ADP
ajfa-14202	144	22	the	the	DET
ajfa-14202	144	23	standard	standard	ADJ
ajfa-14202	144	24	deviation	deviation	NOUN
ajfa-14202	144	25	.	.	PUNCT
ajfa-14202	145	1	this	this	DET
ajfa-14202	145	2	result	result	NOUN
ajfa-14202	145	3	of	of	ADP
ajfa-14202	145	4	high	high	ADJ
ajfa-14202	145	5	volatility	volatility	NOUN
ajfa-14202	145	6	in	in	ADP
ajfa-14202	145	7	emerging	emerge	VERB
ajfa-14202	145	8	markets	market	NOUN
ajfa-14202	145	9	is	be	AUX
ajfa-14202	145	10	consistent	consistent	ADJ
ajfa-14202	145	11	with	with	ADP
ajfa-14202	145	12	harvey	harvey	NOUN
ajfa-14202	145	13	(	(	PUNCT
ajfa-14202	145	14	1995	1995	NUM
ajfa-14202	145	15	)	)	PUNCT
ajfa-14202	145	16	.	.	PUNCT
ajfa-14202	146	1	the	the	DET
ajfa-14202	146	2	data	data	NOUN
ajfa-14202	146	3	is	be	AUX
ajfa-14202	146	4	normally	normally	ADV
ajfa-14202	146	5	distributed	distribute	VERB
ajfa-14202	146	6	when	when	SCONJ
ajfa-14202	146	7	the	the	DET
ajfa-14202	146	8	results	result	NOUN
ajfa-14202	146	9	of	of	ADP
ajfa-14202	146	10	the	the	DET
ajfa-14202	146	11	analysis	analysis	NOUN
ajfa-14202	146	12	for	for	ADP
ajfa-14202	146	13	skewness	skewness	NOUN
ajfa-14202	146	14	are	be	AUX
ajfa-14202	146	15	zero	zero	NUM
ajfa-14202	146	16	and	and	CCONJ
ajfa-14202	146	17	kurtosis	kurtosis	NOUN
ajfa-14202	146	18	is	be	AUX
ajfa-14202	146	19	three	three	NUM
ajfa-14202	146	20	.	.	PUNCT
ajfa-14202	147	1	the	the	DET
ajfa-14202	147	2	descriptive	descriptive	ADJ
ajfa-14202	147	3	statistics	statistic	NOUN
ajfa-14202	147	4	(	(	PUNCT
ajfa-14202	147	5	table	table	NOUN
ajfa-14202	147	6	ii	ii	PROPN
ajfa-14202	147	7	)	)	PUNCT
ajfa-14202	147	8	of	of	ADP
ajfa-14202	147	9	the	the	DET
ajfa-14202	147	10	return	return	NOUN
ajfa-14202	147	11	data	datum	NOUN
ajfa-14202	147	12	over	over	ADP
ajfa-14202	147	13	the	the	DET
ajfa-14202	147	14	period	period	NOUN
ajfa-14202	147	15	of	of	ADP
ajfa-14202	147	16	study	study	NOUN
ajfa-14202	147	17	were	be	AUX
ajfa-14202	147	18	derived	derive	VERB
ajfa-14202	147	19	by	by	ADP
ajfa-14202	147	20	using	use	VERB
ajfa-14202	147	21	r	r	NOUN
ajfa-14202	147	22	software	software	NOUN
ajfa-14202	147	23	.	.	PUNCT
ajfa-14202	148	1	the	the	DET
ajfa-14202	148	2	normality	normality	NOUN
ajfa-14202	148	3	test	test	NOUN
ajfa-14202	148	4	of	of	ADP
ajfa-14202	148	5	the	the	DET
ajfa-14202	148	6	descriptive	descriptive	ADJ
ajfa-14202	148	7	statistics	statistic	NOUN
ajfa-14202	148	8	was	be	AUX
ajfa-14202	148	9	found	find	VERB
ajfa-14202	148	10	by	by	ADP
ajfa-14202	148	11	using	use	VERB
ajfa-14202	148	12	an	an	DET
ajfa-14202	148	13	asymptotic	asymptotic	ADJ
ajfa-14202	148	14	jarque	jarque	NOUN
ajfa-14202	148	15	-	-	PUNCT
ajfa-14202	148	16	bera	bera	NOUN
ajfa-14202	148	17	(	(	PUNCT
ajfa-14202	148	18	1981	1981	NUM
ajfa-14202	148	19	)	)	PUNCT
ajfa-14202	148	20	test	test	NOUN
ajfa-14202	148	21	statistic	statistic	NOUN
ajfa-14202	148	22	which	which	PRON
ajfa-14202	148	23	is	be	AUX
ajfa-14202	148	24	:	:	PUNCT
ajfa-14202	148	25	jb	jb	PROPN
ajfa-14202	148	26	statistics=	statistics=	NUM
ajfa-14202	148	27	t	t	PROPN
ajfa-14202	148	28	(	(	PUNCT
ajfa-14202	148	29	+	+	X
ajfa-14202	148	30	(	(	PUNCT
ajfa-14202	148	31	)	)	PUNCT
ajfa-14202	148	32	)	)	PUNCT
ajfa-14202	149	1	(	(	PUNCT
ajfa-14202	149	2	18	18	NUM
ajfa-14202	149	3	)	)	PUNCT
ajfa-14202	149	4	t	t	NOUN
ajfa-14202	149	5	=	=	PUNCT
ajfa-14202	149	6	no	no	INTJ
ajfa-14202	149	7	.	.	NOUN
ajfa-14202	149	8	of	of	ADP
ajfa-14202	149	9	observations	observation	NOUN
ajfa-14202	149	10	s	s	PART
ajfa-14202	149	11	=	=	NOUN
ajfa-14202	149	12	skewness	skewness	NOUN
ajfa-14202	149	13	coefficient	coefficient	NOUN
ajfa-14202	149	14	k	k	PROPN
ajfa-14202	149	15	=	=	PUNCT
ajfa-14202	149	16	kurtosis	kurtosis	NOUN
ajfa-14202	149	17	coefficient	coefficient	NOUN
ajfa-14202	149	18	jb	jb	PROPN
ajfa-14202	149	19	test	test	NOUN
ajfa-14202	149	20	of	of	ADP
ajfa-14202	149	21	normality	normality	NOUN
ajfa-14202	149	22	is	be	AUX
ajfa-14202	149	23	the	the	DET
ajfa-14202	149	24	test	test	NOUN
ajfa-14202	149	25	of	of	ADP
ajfa-14202	149	26	the	the	DET
ajfa-14202	149	27	joint	joint	ADJ
ajfa-14202	149	28	null	null	ADJ
ajfa-14202	149	29	hypothesis	hypothesis	NOUN
ajfa-14202	149	30	if	if	SCONJ
ajfa-14202	149	31	s	s	PROPN
ajfa-14202	149	32	&	&	CCONJ
ajfa-14202	149	33	k	k	PROPN
ajfa-14202	149	34	are	be	AUX
ajfa-14202	149	35	0	0	NUM
ajfa-14202	149	36	and	and	CCONJ
ajfa-14202	149	37	3	3	NUM
ajfa-14202	149	38	,	,	PUNCT
ajfa-14202	149	39	correspondingly	correspondingly	ADV
ajfa-14202	149	40	.	.	PUNCT
ajfa-14202	150	1	the	the	DET
ajfa-14202	150	2	kurtosis	kurtosis	NOUN
ajfa-14202	150	3	is	be	AUX
ajfa-14202	150	4	greater	great	ADJ
ajfa-14202	150	5	than	than	ADP
ajfa-14202	150	6	3	3	NUM
ajfa-14202	150	7	in	in	ADP
ajfa-14202	150	8	case	case	NOUN
ajfa-14202	150	9	of	of	ADP
ajfa-14202	150	10	south	south	PROPN
ajfa-14202	150	11	korea	korea	PROPN
ajfa-14202	150	12	,	,	PUNCT
ajfa-14202	150	13	iran	iran	PROPN
ajfa-14202	150	14	,	,	PUNCT
ajfa-14202	150	15	colombia	colombia	PROPN
ajfa-14202	150	16	,	,	PUNCT
ajfa-14202	150	17	philippines	philippine	NOUN
ajfa-14202	150	18	,	,	PUNCT
ajfa-14202	150	19	peru	peru	PROPN
ajfa-14202	150	20	and	and	CCONJ
ajfa-14202	150	21	hungary	hungary	PROPN
ajfa-14202	150	22	;	;	PUNCT
ajfa-14202	150	23	implying	imply	VERB
ajfa-14202	150	24	that	that	SCONJ
ajfa-14202	150	25	the	the	DET
ajfa-14202	150	26	return	return	NOUN
ajfa-14202	150	27	series	series	NOUN
ajfa-14202	150	28	is	be	AUX
ajfa-14202	150	29	fat	fat	ADJ
ajfa-14202	150	30	tailed	tailed	ADJ
ajfa-14202	150	31	.	.	PUNCT
ajfa-14202	151	1	this	this	PRON
ajfa-14202	151	2	is	be	AUX
ajfa-14202	151	3	further	far	ADV
ajfa-14202	151	4	confirmed	confirm	VERB
ajfa-14202	151	5	by	by	ADP
ajfa-14202	151	6	the	the	DET
ajfa-14202	151	7	jb	jb	PROPN
ajfa-14202	151	8	statistics	statistic	NOUN
ajfa-14202	151	9	which	which	PRON
ajfa-14202	151	10	is	be	AUX
ajfa-14202	151	11	significant	significant	ADJ
ajfa-14202	151	12	at	at	ADP
ajfa-14202	151	13	1	1	NUM
ajfa-14202	151	14	%	%	NOUN
ajfa-14202	151	15	level	level	NOUN
ajfa-14202	151	16	.	.	PUNCT
ajfa-14202	152	1	the	the	DET
ajfa-14202	152	2	hypothesis	hypothesis	NOUN
ajfa-14202	152	3	of	of	ADP
ajfa-14202	152	4	monthly	monthly	ADJ
ajfa-14202	152	5	return	return	NOUN
ajfa-14202	152	6	series	series	NOUN
ajfa-14202	152	7	being	be	AUX
ajfa-14202	152	8	not	not	PART
ajfa-14202	152	9	normally	normally	ADV
ajfa-14202	152	10	distributed	distribute	VERB
ajfa-14202	152	11	is	be	AUX
ajfa-14202	152	12	accepted	accept	VERB
ajfa-14202	152	13	.	.	PUNCT
ajfa-14202	153	1	asian	asian	ADJ
ajfa-14202	153	2	journal	journal	PROPN
ajfa-14202	153	3	of	of	ADP
ajfa-14202	153	4	finance	finance	PROPN
ajfa-14202	153	5	&	&	CCONJ
ajfa-14202	153	6	accounting	accounting	PROPN
ajfa-14202	153	7	issn	issn	PROPN
ajfa-14202	153	8	1946	1946	NUM
ajfa-14202	153	9	-	-	PUNCT
ajfa-14202	153	10	052x	052x	PROPN
ajfa-14202	153	11	2019	2019	NUM
ajfa-14202	153	12	,	,	PUNCT
ajfa-14202	153	13	vol	vol	NOUN
ajfa-14202	153	14	.	.	PROPN
ajfa-14202	153	15	11	11	NUM
ajfa-14202	153	16	,	,	PUNCT
ajfa-14202	153	17	no	no	INTJ
ajfa-14202	153	18	.	.	NOUN
ajfa-14202	153	19	1	1	NUM
ajfa-14202	153	20	51	51	NUM
ajfa-14202	153	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	153	22	table	table	NOUN
ajfa-14202	153	23	ii	ii	PROPN
ajfa-14202	153	24	.	.	PUNCT
ajfa-14202	154	1	descriptive	descriptive	ADJ
ajfa-14202	154	2	name	name	NOUN
ajfa-14202	154	3	of	of	ADP
ajfa-14202	154	4	the	the	DET
ajfa-14202	154	5	country	country	NOUN
ajfa-14202	154	6	mean	mean	VERB
ajfa-14202	154	7	median	median	ADJ
ajfa-14202	154	8	standard	standard	ADJ
ajfa-14202	154	9	deviation	deviation	NOUN
ajfa-14202	154	10	skew	skew	VERB
ajfa-14202	154	11	j	j	PROPN
ajfa-14202	154	12	-	-	PUNCT
ajfa-14202	154	13	b	b	PROPN
ajfa-14202	154	14	brazil	brazil	PROPN
ajfa-14202	154	15	0.0093	0.0093	NUM
ajfa-14202	154	16	0.008	0.008	NUM
ajfa-14202	154	17	6.5	6.5	NUM
ajfa-14202	154	18	0.5735	0.5735	NUM
ajfa-14202	154	19	-0.1834	-0.1834	NOUN
ajfa-14202	154	20	poland	poland	PROPN
ajfa-14202	154	21	0.007	0.007	NUM
ajfa-14202	154	22	0.0064	0.0064	NUM
ajfa-14202	154	23	5.6	5.6	NUM
ajfa-14202	154	24	0.0033	0.0033	NUM
ajfa-14202	154	25	-0.3088	-0.3088	NOUN
ajfa-14202	154	26	peru	peru	PROPN
ajfa-14202	154	27	0.01544	0.01544	NUM
ajfa-14202	154	28	0.0089	0.0089	NUM
ajfa-14202	154	29	4.7	4.7	NUM
ajfa-14202	154	30	3.4712	3.4712	NUM
ajfa-14202	154	31	0.3032	0.3032	NUM
ajfa-14202	154	32	hungary	hungary	NOUN
ajfa-14202	154	33	0.011	0.011	NUM
ajfa-14202	154	34	0.011	0.011	NUM
ajfa-14202	154	35	6.6	6.6	NUM
ajfa-14202	154	36	2.025	2.025	NUM
ajfa-14202	154	37	-0.4334	-0.4334	NOUN
ajfa-14202	154	38	iran	iran	PROPN
ajfa-14202	155	1	0.00013	0.00013	NUM
ajfa-14202	155	2	0.0012	0.0012	NUM
ajfa-14202	155	3	8.2	8.2	NUM
ajfa-14202	155	4	142.5	142.5	NUM
ajfa-14202	155	5	11.8798	11.8798	NUM
ajfa-14202	155	6	s.	s.	PROPN
ajfa-14202	155	7	africa	africa	PROPN
ajfa-14202	155	8	0.0109	0.0109	NUM
ajfa-14202	155	9	0.0111	0.0111	NUM
ajfa-14202	155	10	4.35	4.35	NUM
ajfa-14202	155	11	-0.1586	-0.1586	NOUN
ajfa-14202	155	12	0.7085	0.7085	NUM
ajfa-14202	155	13	s.	s.	PROPN
ajfa-14202	155	14	korea	korea	PROPN
ajfa-14202	155	15	0.0069	0.0069	NUM
ajfa-14202	155	16	0.0073	0.0073	NUM
ajfa-14202	155	17	5.11	5.11	NUM
ajfa-14202	155	18	-0.4549	-0.4549	NOUN
ajfa-14202	155	19	3.3637	3.3637	NUM
ajfa-14202	155	20	s.arabia	s.arabia	ADJ
ajfa-14202	155	21	0.057	0.057	NUM
ajfa-14202	155	22	0.0124	0.0124	NUM
ajfa-14202	155	23	7.91	7.91	NUM
ajfa-14202	155	24	-0.4098	-0.4098	NOUN
ajfa-14202	155	25	0.6957	0.6957	NUM
ajfa-14202	155	26	philippines	philippine	NOUN
ajfa-14202	155	27	0.0118	0.0118	NUM
ajfa-14202	155	28	0.0185	0.0185	NUM
ajfa-14202	155	29	5.5	5.5	NUM
ajfa-14202	155	30	-0.6096	-0.6096	NOUN
ajfa-14202	155	31	2.4861	2.4861	NUM
ajfa-14202	155	32	vietnam	vietnam	NOUN
ajfa-14202	155	33	0.0107	0.0107	NUM
ajfa-14202	155	34	0.0034	0.0034	NUM
ajfa-14202	155	35	9.4	9.4	NUM
ajfa-14202	155	36	1.9801	1.9801	NUM
ajfa-14202	155	37	0.5504	0.5504	NUM
ajfa-14202	155	38	colombia	colombia	PROPN
ajfa-14202	155	39	0.0052	0.0052	NUM
ajfa-14202	155	40	0.0101	0.0101	NUM
ajfa-14202	155	41	4.01	4.01	NUM
ajfa-14202	155	42	-0.7616	-0.7616	NOUN
ajfa-14202	155	43	2.1783	2.1783	NUM
ajfa-14202	155	44	russia	russia	NOUN
ajfa-14202	155	45	0.0123	0.0123	NUM
ajfa-14202	155	46	0.01219	0.01219	NUM
ajfa-14202	155	47	8.9	8.9	NUM
ajfa-14202	155	48	-0.1891	-0.1891	NOUN
ajfa-14202	155	49	1.5475	1.5475	NUM
ajfa-14202	155	50	egypt	egypt	PROPN
ajfa-14202	155	51	0.0199	0.0199	NUM
ajfa-14202	155	52	0.0219	0.0219	NUM
ajfa-14202	155	53	0.01019	0.01019	NUM
ajfa-14202	155	54	0.2222	0.2222	NUM
ajfa-14202	155	55	1.5000	1.5000	NUM
ajfa-14202	155	56	4.2	4.2	NUM
ajfa-14202	155	57	stationarity	stationarity	NOUN
ajfa-14202	155	58	tests	test	NOUN
ajfa-14202	155	59	table	table	NOUN
ajfa-14202	155	60	iii	iii	NOUN
ajfa-14202	155	61	shows	show	VERB
ajfa-14202	155	62	the	the	DET
ajfa-14202	155	63	presence	presence	NOUN
ajfa-14202	155	64	of	of	ADP
ajfa-14202	155	65	unit	unit	NOUN
ajfa-14202	155	66	root	root	NOUN
ajfa-14202	155	67	in	in	ADP
ajfa-14202	155	68	the	the	DET
ajfa-14202	155	69	series	series	NOUN
ajfa-14202	155	70	tested	test	VERB
ajfa-14202	155	71	using	use	VERB
ajfa-14202	155	72	pp	pp	ADP
ajfa-14202	155	73	tests	test	NOUN
ajfa-14202	155	74	.	.	PUNCT
ajfa-14202	156	1	the	the	DET
ajfa-14202	156	2	results	result	NOUN
ajfa-14202	156	3	indicate	indicate	VERB
ajfa-14202	156	4	that	that	SCONJ
ajfa-14202	156	5	it	it	PRON
ajfa-14202	156	6	has	have	AUX
ajfa-14202	156	7	produced	produce	VERB
ajfa-14202	156	8	higher	high	ADJ
ajfa-14202	156	9	negative	negative	ADJ
ajfa-14202	156	10	value	value	NOUN
ajfa-14202	156	11	than	than	ADP
ajfa-14202	156	12	its	its	PRON
ajfa-14202	156	13	critical	critical	ADJ
ajfa-14202	156	14	value	value	NOUN
ajfa-14202	156	15	at	at	ADP
ajfa-14202	156	16	1	1	NUM
ajfa-14202	156	17	%	%	NOUN
ajfa-14202	156	18	,	,	PUNCT
ajfa-14202	156	19	5	5	NUM
ajfa-14202	156	20	%	%	NOUN
ajfa-14202	156	21	and	and	CCONJ
ajfa-14202	156	22	10	10	NUM
ajfa-14202	156	23	%	%	NOUN
ajfa-14202	156	24	level	level	NOUN
ajfa-14202	156	25	and	and	CCONJ
ajfa-14202	156	26	significant	significant	ADJ
ajfa-14202	156	27	at	at	ADP
ajfa-14202	156	28	1	1	NUM
ajfa-14202	156	29	%	%	NOUN
ajfa-14202	156	30	level	level	NOUN
ajfa-14202	156	31	.	.	PUNCT
ajfa-14202	157	1	hence	hence	ADV
ajfa-14202	157	2	we	we	PRON
ajfa-14202	157	3	reject	reject	VERB
ajfa-14202	157	4	null	null	ADJ
ajfa-14202	157	5	hypothesis	hypothesis	NOUN
ajfa-14202	157	6	and	and	CCONJ
ajfa-14202	157	7	accept	accept	VERB
ajfa-14202	157	8	that	that	SCONJ
ajfa-14202	157	9	the	the	DET
ajfa-14202	157	10	returns	return	NOUN
ajfa-14202	157	11	are	be	AUX
ajfa-14202	157	12	stationery	stationery	NOUN
ajfa-14202	157	13	for	for	ADP
ajfa-14202	157	14	the	the	DET
ajfa-14202	157	15	entire	entire	ADJ
ajfa-14202	157	16	study	study	NOUN
ajfa-14202	157	17	period	period	NOUN
ajfa-14202	157	18	and	and	CCONJ
ajfa-14202	157	19	is	be	AUX
ajfa-14202	157	20	mean	mean	VERB
ajfa-14202	157	21	reverting	revert	VERB
ajfa-14202	157	22	.	.	PUNCT
ajfa-14202	158	1	table	table	NOUN
ajfa-14202	158	2	iii	iii	PROPN
ajfa-14202	158	3	.	.	PUNCT
ajfa-14202	159	1	pp	pp	ADP
ajfa-14202	159	2	-unit	-unit	ADJ
ajfa-14202	159	3	root	root	NOUN
ajfa-14202	159	4	test	test	NOUN
ajfa-14202	159	5	and	and	CCONJ
ajfa-14202	159	6	arch	arch	ADJ
ajfa-14202	159	7	-	-	PUNCT
ajfa-14202	159	8	lm	lm	NOUN
ajfa-14202	159	9	test	test	NOUN
ajfa-14202	159	10	of	of	ADP
ajfa-14202	159	11	residual	residual	ADJ
ajfa-14202	159	12	vietnam	vietnam	PROPN
ajfa-14202	159	13	iran	iran	PROPN
ajfa-14202	159	14	peru	peru	PROPN
ajfa-14202	159	15	poland	poland	PROPN
ajfa-14202	159	16	hungary	hungary	PROPN
ajfa-14202	159	17	south	south	PROPN
ajfa-14202	159	18	africa	africa	PROPN
ajfa-14202	159	19	philipp	philipp	PROPN
ajfa-14202	159	20	ines	ines	PROPN
ajfa-14202	159	21	south	south	PROPN
ajfa-14202	159	22	korea	korea	PROPN
ajfa-14202	159	23	saudi	saudi	PROPN
ajfa-14202	159	24	arabia	arabia	PROPN
ajfa-14202	159	25	colombia	colombia	PROPN
ajfa-14202	159	26	egypt	egypt	PROPN
ajfa-14202	159	27	brazil	brazil	PROPN
ajfa-14202	159	28	russia	russia	PROPN
ajfa-14202	159	29	pptest	pptest	PROPN
ajfa-14202	159	30	tstat	tstat	NOUN
ajfa-14202	159	31	-8.8328	-8.8328	NOUN
ajfa-14202	160	1	12.523	12.523	NUM
ajfa-14202	160	2	-11.69	-11.69	NUM
ajfa-14202	160	3	-11.703	-11.703	PROPN
ajfa-14202	160	4	-10.491	-10.491	PROPN
ajfa-14202	160	5	-13.216	-13.216	X
ajfa-14202	161	1	-11.897	-11.897	PROPN
ajfa-14202	162	1	-11.362	-11.362	PROPN
ajfa-14202	162	2	-10.548	-10.548	NOUN
ajfa-14202	163	1	-10.734	-10.734	PROPN
ajfa-14202	163	2	-8.84	-8.84	NOUN
ajfa-14202	164	1	-13.582	-13.582	VERB
ajfa-14202	164	2	-11.027	-11.027	PROPN
ajfa-14202	165	1	prob	prob	INTJ
ajfa-14202	165	2	0.01	0.01	NUM
ajfa-14202	165	3	0.01	0.01	NUM
ajfa-14202	165	4	0.01	0.01	NUM
ajfa-14202	165	5	0.01	0.01	NUM
ajfa-14202	165	6	0.01	0.01	NUM
ajfa-14202	165	7	0.01	0.01	NUM
ajfa-14202	165	8	0.01	0.01	NUM
ajfa-14202	165	9	0.01	0.01	NUM
ajfa-14202	165	10	0.01	0.01	NUM
ajfa-14202	165	11	0.01	0.01	NUM
ajfa-14202	165	12	0.01	0.01	NUM
ajfa-14202	165	13	0.01	0.01	NUM
ajfa-14202	165	14	0.01	0.01	NUM
ajfa-14202	165	15	arch	arch	ADJ
ajfa-14202	165	16	-	-	PUNCT
ajfa-14202	165	17	lm	lm	VERB
ajfa-14202	165	18	test	test	NOUN
ajfa-14202	165	19	28.364	28.364	NUM
ajfa-14202	165	20	0.051	0.051	NUM
ajfa-14202	166	1	20.989	20.989	NUM
ajfa-14202	166	2	28.268	28.268	NUM
ajfa-14202	166	3	12.645	12.645	NUM
ajfa-14202	166	4	25.653	25.653	NUM
ajfa-14202	166	5	17.584	17.584	NUM
ajfa-14202	166	6	51.135	51.135	NUM
ajfa-14202	166	7	26.731	26.731	NUM
ajfa-14202	166	8	18.078	18.078	NUM
ajfa-14202	166	9	23.82	23.82	NUM
ajfa-14202	166	10	19.63	19.63	NUM
ajfa-14202	166	11	39.544	39.544	NUM
ajfa-14202	166	12	prob(1	prob(1	NUM
ajfa-14202	166	13	)	)	PUNCT
ajfa-14202	166	14	0.012	0.012	NUM
ajfa-14202	166	15	1	1	NUM
ajfa-14202	166	16	0.002	0.002	NUM
ajfa-14202	166	17	0.001	0.001	NUM
ajfa-14202	166	18	0.024	0.024	NUM
ajfa-14202	166	19	0	0	NUM
ajfa-14202	166	20	0.04	0.04	NUM
ajfa-14202	166	21	0	0	NUM
ajfa-14202	166	22	0	0	NUM
ajfa-14202	166	23	0	0	NUM
ajfa-14202	166	24	0.03	0.03	NUM
ajfa-14202	166	25	0.01	0.01	NUM
ajfa-14202	166	26	0	0	NUM
ajfa-14202	166	27	4.3	4.3	NUM
ajfa-14202	166	28	l	l	NOUN
ajfa-14202	166	29	-	-	PUNCT
ajfa-14202	166	30	jung	jung	PROPN
ajfa-14202	166	31	box	box	NOUN
ajfa-14202	166	32	tests	test	NOUN
ajfa-14202	166	33	and	and	CCONJ
ajfa-14202	166	34	testing	testing	NOUN
ajfa-14202	166	35	for	for	ADP
ajfa-14202	166	36	arch	arch	ADJ
ajfa-14202	166	37	effects	effect	NOUN
ajfa-14202	166	38	after	after	ADP
ajfa-14202	166	39	the	the	DET
ajfa-14202	166	40	first	first	ADJ
ajfa-14202	166	41	step	step	NOUN
ajfa-14202	166	42	of	of	ADP
ajfa-14202	166	43	obtaining	obtain	VERB
ajfa-14202	166	44	the	the	DET
ajfa-14202	166	45	residuals	residual	NOUN
ajfa-14202	166	46	𝜀	𝜀	NOUN
ajfa-14202	166	47	,	,	PUNCT
ajfa-14202	166	48	from	from	ADP
ajfa-14202	166	49	the	the	DET
ajfa-14202	166	50	arma	arma	PROPN
ajfa-14202	166	51	process	process	NOUN
ajfa-14202	166	52	arch	arch	NOUN
ajfa-14202	166	53	lm	lm	PROPN
ajfa-14202	166	54	test	test	NOUN
ajfa-14202	166	55	was	be	AUX
ajfa-14202	166	56	applied	apply	VERB
ajfa-14202	166	57	to	to	PART
ajfa-14202	166	58	test	test	VERB
ajfa-14202	166	59	for	for	ADP
ajfa-14202	166	60	the	the	DET
ajfa-14202	166	61	presence	presence	NOUN
ajfa-14202	166	62	of	of	ADP
ajfa-14202	166	63	arch	arch	ADJ
ajfa-14202	166	64	effect	effect	NOUN
ajfa-14202	166	65	in	in	ADP
ajfa-14202	166	66	the	the	DET
ajfa-14202	166	67	residuals	residual	NOUN
ajfa-14202	166	68	by	by	ADP
ajfa-14202	166	69	regressing	regress	VERB
ajfa-14202	166	70	the	the	DET
ajfa-14202	166	71	squared	square	VERB
ajfa-14202	166	72	residuals	residual	NOUN
ajfa-14202	166	73	on	on	ADP
ajfa-14202	166	74	a	a	DET
ajfa-14202	166	75	constant	constant	ADJ
ajfa-14202	166	76	and	and	CCONJ
ajfa-14202	166	77	5	5	NUM
ajfa-14202	166	78	lags	lag	NOUN
ajfa-14202	166	79	.	.	PUNCT
ajfa-14202	167	1	the	the	DET
ajfa-14202	167	2	output	output	NOUN
ajfa-14202	167	3	in	in	ADP
ajfa-14202	167	4	table	table	NOUN
ajfa-14202	167	5	iii	iii	NOUN
ajfa-14202	167	6	shows	show	VERB
ajfa-14202	167	7	that	that	SCONJ
ajfa-14202	167	8	there	there	PRON
ajfa-14202	167	9	are	be	VERB
ajfa-14202	167	10	arch	arch	ADJ
ajfa-14202	167	11	effects	effect	NOUN
ajfa-14202	167	12	in	in	ADP
ajfa-14202	167	13	the	the	DET
ajfa-14202	167	14	return	return	NOUN
ajfa-14202	167	15	series	series	NOUN
ajfa-14202	167	16	for	for	ADP
ajfa-14202	167	17	all	all	DET
ajfa-14202	167	18	the	the	DET
ajfa-14202	167	19	countries	country	NOUN
ajfa-14202	167	20	.	.	PUNCT
ajfa-14202	168	1	thus	thus	ADV
ajfa-14202	168	2	the	the	DET
ajfa-14202	168	3	variance	variance	NOUN
ajfa-14202	168	4	of	of	ADP
ajfa-14202	168	5	the	the	DET
ajfa-14202	168	6	errors	error	NOUN
ajfa-14202	168	7	is	be	AUX
ajfa-14202	168	8	non	non	ADJ
ajfa-14202	168	9	-	-	ADJ
ajfa-14202	168	10	constant	constant	ADJ
ajfa-14202	168	11	for	for	ADP
ajfa-14202	168	12	the	the	DET
ajfa-14202	168	13	period	period	NOUN
ajfa-14202	168	14	under	under	ADP
ajfa-14202	168	15	the	the	DET
ajfa-14202	168	16	study	study	NOUN
ajfa-14202	168	17	.	.	PUNCT
ajfa-14202	169	1	the	the	DET
ajfa-14202	169	2	series	series	NOUN
ajfa-14202	169	3	being	be	AUX
ajfa-14202	169	4	stationery	stationery	NOUN
ajfa-14202	169	5	,	,	PUNCT
ajfa-14202	169	6	the	the	DET
ajfa-14202	169	7	study	study	NOUN
ajfa-14202	169	8	proceeds	proceed	VERB
ajfa-14202	169	9	with	with	ADP
ajfa-14202	169	10	the	the	DET
ajfa-14202	169	11	determination	determination	NOUN
ajfa-14202	169	12	of	of	ADP
ajfa-14202	169	13	the	the	DET
ajfa-14202	169	14	best	well	ADV
ajfa-14202	169	15	fitting	fitting	ADJ
ajfa-14202	169	16	mean	mean	NOUN
ajfa-14202	169	17	equation	equation	NOUN
ajfa-14202	169	18	by	by	ADP
ajfa-14202	169	19	applying	apply	VERB
ajfa-14202	169	20	arma	arma	NOUN
ajfa-14202	169	21	(	(	PUNCT
ajfa-14202	169	22	auto	auto	NOUN
ajfa-14202	169	23	regressive	regressive	ADJ
ajfa-14202	169	24	moving	move	VERB
ajfa-14202	169	25	average	average	NOUN
ajfa-14202	169	26	)	)	PUNCT
ajfa-14202	169	27	to	to	ADP
ajfa-14202	169	28	asian	asian	ADJ
ajfa-14202	169	29	journal	journal	PROPN
ajfa-14202	169	30	of	of	ADP
ajfa-14202	169	31	finance	finance	PROPN
ajfa-14202	169	32	&	&	CCONJ
ajfa-14202	169	33	accounting	accounting	PROPN
ajfa-14202	169	34	issn	issn	PROPN
ajfa-14202	169	35	1946	1946	NUM
ajfa-14202	169	36	-	-	PUNCT
ajfa-14202	169	37	052x	052x	PROPN
ajfa-14202	169	38	2019	2019	NUM
ajfa-14202	169	39	,	,	PUNCT
ajfa-14202	169	40	vol	vol	NOUN
ajfa-14202	169	41	.	.	PROPN
ajfa-14202	170	1	11	11	NUM
ajfa-14202	170	2	,	,	PUNCT
ajfa-14202	170	3	no	no	INTJ
ajfa-14202	170	4	.	.	NOUN
ajfa-14202	170	5	1	1	NUM
ajfa-14202	170	6	52	52	NUM
ajfa-14202	170	7	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-14202	170	8	choose	choose	VERB
ajfa-14202	170	9	the	the	DET
ajfa-14202	170	10	best	good	ADJ
ajfa-14202	170	11	process	process	NOUN
ajfa-14202	170	12	in	in	ADP
ajfa-14202	170	13	modeling	model	VERB
ajfa-14202	170	14	the	the	DET
ajfa-14202	170	15	conditional	conditional	ADJ
ajfa-14202	170	16	mean	mean	NOUN
ajfa-14202	170	17	.	.	PUNCT
ajfa-14202	171	1	table	table	NOUN
ajfa-14202	171	2	iv	iv	PRON
ajfa-14202	171	3	depicts	depict	VERB
ajfa-14202	171	4	appropriate	appropriate	ADJ
ajfa-14202	171	5	arma	arma	NOUN
ajfa-14202	171	6	models	model	NOUN
ajfa-14202	171	7	,	,	PUNCT
ajfa-14202	171	8	fitted	fit	VERB
ajfa-14202	171	9	by	by	ADP
ajfa-14202	171	10	using	use	VERB
ajfa-14202	171	11	boxjenkins	boxjenkin	NOUN
ajfa-14202	171	12	methodology	methodology	NOUN
ajfa-14202	171	13	,	,	PUNCT
ajfa-14202	171	14	for	for	ADP
ajfa-14202	171	15	all	all	DET
ajfa-14202	171	16	the	the	DET
ajfa-14202	171	17	indices	index	NOUN
ajfa-14202	171	18	considered	consider	VERB
ajfa-14202	171	19	.	.	PUNCT
ajfa-14202	172	1	fitted	fit	VERB
ajfa-14202	172	2	arma	arma	NOUN
ajfa-14202	172	3	models	model	NOUN
ajfa-14202	172	4	generally	generally	ADV
ajfa-14202	172	5	follow	follow	VERB
ajfa-14202	172	6	moving	move	VERB
ajfa-14202	172	7	average	average	ADJ
ajfa-14202	172	8	pattern	pattern	NOUN
ajfa-14202	172	9	apart	apart	ADV
ajfa-14202	172	10	from	from	ADP
ajfa-14202	172	11	russia	russia	PROPN
ajfa-14202	172	12	,	,	PUNCT
ajfa-14202	172	13	egypt	egypt	PROPN
ajfa-14202	172	14	,	,	PUNCT
ajfa-14202	172	15	poland	poland	PROPN
ajfa-14202	172	16	and	and	CCONJ
ajfa-14202	172	17	hungary	hungary	PROPN
ajfa-14202	172	18	where	where	SCONJ
ajfa-14202	172	19	autoregressive	autoregressive	ADJ
ajfa-14202	172	20	pattern	pattern	NOUN
ajfa-14202	172	21	are	be	AUX
ajfa-14202	172	22	found	find	VERB
ajfa-14202	172	23	along	along	ADP
ajfa-14202	172	24	with	with	ADP
ajfa-14202	172	25	the	the	DET
ajfa-14202	172	26	moving	move	VERB
ajfa-14202	172	27	average	average	ADJ
ajfa-14202	172	28	pattern	pattern	NOUN
ajfa-14202	172	29	.	.	PUNCT
ajfa-14202	173	1	but	but	CCONJ
ajfa-14202	173	2	saudi	saudi	PROPN
ajfa-14202	173	3	arabia	arabia	PROPN
ajfa-14202	173	4	return	return	PROPN
ajfa-14202	173	5	series	series	NOUN
ajfa-14202	173	6	follows	follow	VERB
ajfa-14202	173	7	a	a	DET
ajfa-14202	173	8	pure	pure	ADJ
ajfa-14202	173	9	ar	ar	NOUN
ajfa-14202	173	10	pattern	pattern	NOUN
ajfa-14202	173	11	.	.	PUNCT
ajfa-14202	174	1	from	from	ADP
ajfa-14202	174	2	the	the	DET
ajfa-14202	174	3	results	result	NOUN
ajfa-14202	174	4	it	it	PRON
ajfa-14202	174	5	is	be	AUX
ajfa-14202	174	6	found	find	VERB
ajfa-14202	174	7	that	that	SCONJ
ajfa-14202	174	8	most	most	ADJ
ajfa-14202	174	9	of	of	ADP
ajfa-14202	174	10	the	the	DET
ajfa-14202	174	11	emerging	emerge	VERB
ajfa-14202	174	12	economies	economy	NOUN
ajfa-14202	174	13	have	have	AUX
ajfa-14202	174	14	longer	long	ADV
ajfa-14202	174	15	moving	move	VERB
ajfa-14202	174	16	average	average	ADJ
ajfa-14202	174	17	pattern	pattern	NOUN
ajfa-14202	174	18	thus	thus	ADV
ajfa-14202	174	19	leading	lead	VERB
ajfa-14202	174	20	to	to	ADP
ajfa-14202	174	21	persistent	persistent	ADJ
ajfa-14202	174	22	shocks	shock	NOUN
ajfa-14202	174	23	in	in	ADP
ajfa-14202	174	24	the	the	DET
ajfa-14202	174	25	market	market	NOUN
ajfa-14202	174	26	over	over	ADP
ajfa-14202	174	27	a	a	DET
ajfa-14202	174	28	period	period	NOUN
ajfa-14202	174	29	of	of	ADP
ajfa-14202	174	30	time	time	NOUN
ajfa-14202	174	31	.	.	PUNCT
ajfa-14202	175	1	table	table	NOUN
ajfa-14202	175	2	iv	iv	SYM
ajfa-14202	175	3	.	.	PUNCT
ajfa-14202	175	4	fitted	fit	VERB
ajfa-14202	175	5	autoregressive	autoregressive	ADJ
ajfa-14202	175	6	moving	move	VERB
ajfa-14202	175	7	average	average	ADJ
ajfa-14202	175	8	model	model	NOUN
ajfa-14202	175	9	russia	russia	PROPN
ajfa-14202	175	10	egypt	egypt	PROPN
ajfa-14202	175	11	colombi	colombi	PROPN
ajfa-14202	175	12	a	a	DET
ajfa-14202	175	13	vietnam	vietnam	PROPN
ajfa-14202	175	14	philippi	philippi	PROPN
ajfa-14202	175	15	nes	nes	PROPN
ajfa-14202	175	16	saudi	saudi	PROPN
ajfa-14202	175	17	arabia	arabia	PROPN
ajfa-14202	175	18	south	south	PROPN
ajfa-14202	175	19	korea	korea	PROPN
ajfa-14202	175	20	iran	iran	PROPN
ajfa-14202	175	21	south	south	PROPN
ajfa-14202	175	22	africa	africa	PROPN
ajfa-14202	175	23	poland	poland	PROPN
ajfa-14202	175	24	hungary	hungary	PROPN
ajfa-14202	175	25	peru	peru	PROPN
ajfa-14202	175	26	brazil	brazil	PROPN
ajfa-14202	175	27	ar(1	ar(1	PROPN
ajfa-14202	175	28	)	)	PUNCT
ajfa-14202	175	29	ar(1	ar(1	PROPN
ajfa-14202	175	30	)	)	PUNCT
ajfa-14202	175	31	ma(1	ma(1	NOUN
ajfa-14202	175	32	)	)	PUNCT
ajfa-14202	175	33	ma(1	ma(1	NOUN
ajfa-14202	175	34	)	)	PUNCT
ajfa-14202	175	35	ma(1	ma(1	NOUN
ajfa-14202	175	36	)	)	PUNCT
ajfa-14202	175	37	ar(1	ar(1	NOUN
ajfa-14202	175	38	)	)	PUNCT
ajfa-14202	175	39	ma(1	ma(1	NOUN
ajfa-14202	175	40	)	)	PUNCT
ajfa-14202	175	41	ma(1	ma(1	NOUN
ajfa-14202	175	42	)	)	PUNCT
ajfa-14202	175	43	ma(1	ma(1	NOUN
ajfa-14202	175	44	)	)	PUNCT
ajfa-14202	175	45	ar(1	ar(1	PROPN
ajfa-14202	175	46	)	)	PUNCT
ajfa-14202	175	47	ar(1	ar(1	PROPN
ajfa-14202	175	48	)	)	PUNCT
ajfa-14202	175	49	ar(1	ar(1	NOUN
ajfa-14202	175	50	)	)	PUNCT
ajfa-14202	175	51	ma(1	ma(1	NOUN
ajfa-14202	175	52	)	)	PUNCT
ajfa-14202	175	53	ma(1	ma(1	NOUN
ajfa-14202	175	54	)	)	PUNCT
ajfa-14202	175	55	ma(1	ma(1	NOUN
ajfa-14202	175	56	)	)	PUNCT
ajfa-14202	175	57	ma(2	ma(2	PROPN
ajfa-14202	175	58	)	)	PUNCT
ajfa-14202	175	59	ma(2	ma(2	PROPN
ajfa-14202	175	60	)	)	PUNCT
ajfa-14202	175	61	ma(13	ma(13	PROPN
ajfa-14202	175	62	)	)	PUNCT
ajfa-14202	175	63	ma(4	ma(4	PROPN
ajfa-14202	175	64	)	)	PUNCT
ajfa-14202	175	65	ma(8	ma(8	NOUN
ajfa-14202	175	66	)	)	PUNCT
ajfa-14202	175	67	ma(1	ma(1	NOUN
ajfa-14202	175	68	)	)	PUNCT
ajfa-14202	175	69	ma(2	ma(2	NOUN
ajfa-14202	175	70	)	)	PUNCT
ajfa-14202	175	71	ma(1	ma(1	NOUN
ajfa-14202	175	72	)	)	PUNCT
ajfa-14202	175	73	ma(6	ma(6	PROPN
ajfa-14202	175	74	)	)	PUNCT
ajfa-14202	175	75	ma(2	ma(2	PROPN
ajfa-14202	175	76	)	)	PUNCT
ajfa-14202	175	77	ma(2	ma(2	PROPN
ajfa-14202	175	78	)	)	PUNCT
ajfa-14202	175	79	ma(6	ma(6	PROPN
ajfa-14202	175	80	)	)	PUNCT
ajfa-14202	175	81	ma(6	ma(6	PROPN
ajfa-14202	175	82	)	)	PUNCT
ajfa-14202	175	83	ma(16	ma(16	NOUN
ajfa-14202	175	84	)	)	PUNCT
ajfa-14202	175	85	ma(6	ma(6	PROPN
ajfa-14202	175	86	)	)	PUNCT
ajfa-14202	175	87	ma(11	ma(11	NOUN
ajfa-14202	175	88	)	)	PUNCT
ajfa-14202	175	89	ma(2	ma(2	NOUN
ajfa-14202	175	90	)	)	PUNCT
ajfa-14202	175	91	ma(9	ma(9	NOUN
ajfa-14202	175	92	)	)	PUNCT
ajfa-14202	175	93	ma(8	ma(8	PROPN
ajfa-14202	175	94	)	)	PUNCT
ajfa-14202	175	95	ma(9	ma(9	NOUN
ajfa-14202	175	96	)	)	PUNCT
ajfa-14202	175	97	ma(11	ma(11	NOUN
ajfa-14202	175	98	)	)	PUNCT
ajfa-14202	175	99	4.4	4.4	NUM
ajfa-14202	175	100	garch(1,1	garch(1,1	NOUN
ajfa-14202	175	101	)	)	PUNCT
ajfa-14202	175	102	in	in	ADP
ajfa-14202	175	103	this	this	DET
ajfa-14202	175	104	study	study	NOUN
ajfa-14202	175	105	we	we	PRON
ajfa-14202	175	106	estimate	estimate	VERB
ajfa-14202	175	107	conditional	conditional	ADJ
ajfa-14202	175	108	volatility	volatility	NOUN
ajfa-14202	175	109	using	use	VERB
ajfa-14202	175	110	student	student	NOUN
ajfa-14202	175	111	’s	’s	PART
ajfa-14202	175	112	t	t	NOUN
ajfa-14202	175	113	distribution	distribution	NOUN
ajfa-14202	175	114	proposed	propose	VERB
ajfa-14202	175	115	by	by	ADP
ajfa-14202	175	116	bollerslev	bollerslev	ADJ
ajfa-14202	175	117	(	(	PUNCT
ajfa-14202	175	118	1987	1987	NUM
ajfa-14202	175	119	)	)	PUNCT
ajfa-14202	175	120	with	with	ADP
ajfa-14202	175	121	ʋ	ʋ	X
ajfa-14202	175	122	greater	great	ADJ
ajfa-14202	175	123	than	than	ADP
ajfa-14202	175	124	2	2	NUM
ajfa-14202	175	125	degress	degress	NOUN
ajfa-14202	175	126	of	of	ADP
ajfa-14202	175	127	freedom	freedom	NOUN
ajfa-14202	175	128	.	.	PUNCT
ajfa-14202	176	1	garch	garch	NOUN
ajfa-14202	176	2	(	(	PUNCT
ajfa-14202	176	3	1,1	1,1	NUM
ajfa-14202	176	4	)	)	PUNCT
ajfa-14202	176	5	is	be	AUX
ajfa-14202	176	6	applied	apply	VERB
ajfa-14202	176	7	on	on	ADP
ajfa-14202	176	8	the	the	DET
ajfa-14202	176	9	selected	select	VERB
ajfa-14202	176	10	emerging	emerge	VERB
ajfa-14202	176	11	markets	market	NOUN
ajfa-14202	176	12	.	.	PUNCT
ajfa-14202	177	1	the	the	DET
ajfa-14202	177	2	result	result	NOUN
ajfa-14202	177	3	of	of	ADP
ajfa-14202	177	4	garch	garch	NOUN
ajfa-14202	177	5	(	(	PUNCT
ajfa-14202	177	6	1,1	1,1	NUM
ajfa-14202	177	7	)	)	PUNCT
ajfa-14202	177	8	is	be	AUX
ajfa-14202	177	9	shown	show	VERB
ajfa-14202	177	10	in	in	ADP
ajfa-14202	177	11	table	table	NOUN
ajfa-14202	177	12	v	v	ADP
ajfa-14202	177	13	which	which	PRON
ajfa-14202	177	14	disclose	disclose	VERB
ajfa-14202	177	15	that	that	DET
ajfa-14202	177	16	parameter	parameter	NOUN
ajfa-14202	177	17	of	of	ADP
ajfa-14202	177	18	garch	garch	NOUN
ajfa-14202	177	19	is	be	AUX
ajfa-14202	177	20	statistically	statistically	ADV
ajfa-14202	177	21	significant	significant	ADJ
ajfa-14202	177	22	.	.	PUNCT
ajfa-14202	178	1	the	the	DET
ajfa-14202	178	2	coefficients	coefficient	NOUN
ajfa-14202	178	3	constant	constant	ADJ
ajfa-14202	178	4	(	(	PUNCT
ajfa-14202	178	5	ω	ω	NOUN
ajfa-14202	178	6	)	)	PUNCT
ajfa-14202	178	7	,	,	PUNCT
ajfa-14202	178	8	arch	arch	ADJ
ajfa-14202	178	9	term	term	NOUN
ajfa-14202	178	10	α	α	PROPN
ajfa-14202	178	11	and	and	CCONJ
ajfa-14202	178	12	garch	garch	NOUN
ajfa-14202	178	13	term	term	NOUN
ajfa-14202	178	14	β	β	NOUN
ajfa-14202	178	15	are	be	AUX
ajfa-14202	178	16	significant	significant	ADJ
ajfa-14202	178	17	at	at	ADP
ajfa-14202	178	18	1	1	NUM
ajfa-14202	178	19	%	%	NOUN
ajfa-14202	178	20	level	level	NOUN
ajfa-14202	178	21	.	.	PUNCT
ajfa-14202	179	1	in	in	ADP
ajfa-14202	179	2	the	the	DET
ajfa-14202	179	3	conditional	conditional	ADJ
ajfa-14202	179	4	variance	variance	NOUN
ajfa-14202	179	5	equation	equation	NOUN
ajfa-14202	179	6	,	,	PUNCT
ajfa-14202	179	7	the	the	DET
ajfa-14202	179	8	estimated	estimated	ADJ
ajfa-14202	179	9	β	β	NOUN
ajfa-14202	179	10	coefficient	coefficient	NOUN
ajfa-14202	179	11	is	be	AUX
ajfa-14202	179	12	to	to	ADP
ajfa-14202	179	13	the	the	DET
ajfa-14202	179	14	highest	high	ADJ
ajfa-14202	179	15	degree	degree	NOUN
ajfa-14202	179	16	greater	great	ADJ
ajfa-14202	179	17	than	than	ADP
ajfa-14202	179	18	α	α	DET
ajfa-14202	179	19	coefficient	coefficient	NOUN
ajfa-14202	179	20	which	which	PRON
ajfa-14202	179	21	implies	imply	VERB
ajfa-14202	179	22	that	that	SCONJ
ajfa-14202	179	23	the	the	DET
ajfa-14202	179	24	market	market	NOUN
ajfa-14202	179	25	has	have	VERB
ajfa-14202	179	26	a	a	DET
ajfa-14202	179	27	memory	memory	NOUN
ajfa-14202	179	28	longer	long	ADJ
ajfa-14202	179	29	than	than	ADP
ajfa-14202	179	30	one	one	NUM
ajfa-14202	179	31	period	period	NOUN
ajfa-14202	179	32	and	and	CCONJ
ajfa-14202	179	33	the	the	DET
ajfa-14202	179	34	volatility	volatility	NOUN
ajfa-14202	179	35	is	be	AUX
ajfa-14202	179	36	more	more	ADV
ajfa-14202	179	37	responsive	responsive	ADJ
ajfa-14202	179	38	to	to	ADP
ajfa-14202	179	39	its	its	PRON
ajfa-14202	179	40	lagged	lag	VERB
ajfa-14202	179	41	values	value	NOUN
ajfa-14202	179	42	than	than	ADP
ajfa-14202	179	43	its	its	PRON
ajfa-14202	179	44	new	new	ADJ
ajfa-14202	179	45	surprises	surprise	NOUN
ajfa-14202	179	46	in	in	ADP
ajfa-14202	179	47	the	the	DET
ajfa-14202	179	48	market	market	NOUN
ajfa-14202	179	49	values	value	NOUN
ajfa-14202	179	50	.	.	PUNCT
ajfa-14202	180	1	sampled	sample	VERB
ajfa-14202	180	2	parameters	parameter	NOUN
ajfa-14202	180	3	𝛼	𝛼	VERB
ajfa-14202	180	4	,	,	PUNCT
ajfa-14202	180	5	𝛽	𝛽	NOUN
ajfa-14202	180	6	are	be	AUX
ajfa-14202	180	7	significant	significant	ADJ
ajfa-14202	180	8	for	for	ADP
ajfa-14202	180	9	all	all	DET
ajfa-14202	180	10	the	the	DET
ajfa-14202	180	11	markets	market	NOUN
ajfa-14202	180	12	other	other	ADJ
ajfa-14202	180	13	than	than	ADP
ajfa-14202	180	14	hungary	hungary	PROPN
ajfa-14202	180	15	as	as	ADP
ajfa-14202	180	16	𝜌<0.01	𝜌<0.01	NUM
ajfa-14202	180	17	which	which	PRON
ajfa-14202	180	18	signifies	signify	VERB
ajfa-14202	180	19	that	that	SCONJ
ajfa-14202	180	20	the	the	DET
ajfa-14202	180	21	first	first	ADJ
ajfa-14202	180	22	lagged	lag	VERB
ajfa-14202	180	23	squared	square	VERB
ajfa-14202	180	24	returns	return	NOUN
ajfa-14202	180	25	and	and	CCONJ
ajfa-14202	180	26	the	the	DET
ajfa-14202	180	27	trailing	trail	VERB
ajfa-14202	180	28	variance	variance	NOUN
ajfa-14202	180	29	significantly	significantly	ADV
ajfa-14202	180	30	explains	explain	VERB
ajfa-14202	180	31	the	the	DET
ajfa-14202	180	32	conditional	conditional	ADJ
ajfa-14202	180	33	variance	variance	NOUN
ajfa-14202	180	34	.	.	PUNCT
ajfa-14202	181	1	the	the	DET
ajfa-14202	181	2	results	result	NOUN
ajfa-14202	181	3	confirms	confirm	VERB
ajfa-14202	181	4	that	that	SCONJ
ajfa-14202	181	5	the	the	DET
ajfa-14202	181	6	coefficient	coefficient	NOUN
ajfa-14202	181	7	of	of	ADP
ajfa-14202	181	8	the	the	DET
ajfa-14202	181	9	arch	arch	ADJ
ajfa-14202	181	10	effects	effect	NOUN
ajfa-14202	181	11	(	(	PUNCT
ajfa-14202	181	12	𝛼	𝛼	NOUN
ajfa-14202	181	13	)	)	PUNCT
ajfa-14202	181	14	)	)	PUNCT
ajfa-14202	181	15	is	be	AUX
ajfa-14202	181	16	statistically	statistically	ADV
ajfa-14202	181	17	significant	significant	ADJ
ajfa-14202	181	18	for	for	ADP
ajfa-14202	181	19	all	all	DET
ajfa-14202	181	20	the	the	DET
ajfa-14202	181	21	countries	country	NOUN
ajfa-14202	181	22	except	except	SCONJ
ajfa-14202	181	23	for	for	ADP
ajfa-14202	181	24	hungary	hungary	PROPN
ajfa-14202	181	25	,	,	PUNCT
ajfa-14202	181	26	brazil	brazil	PROPN
ajfa-14202	181	27	,	,	PUNCT
ajfa-14202	181	28	egypt	egypt	PROPN
ajfa-14202	181	29	and	and	CCONJ
ajfa-14202	181	30	philippines	philippine	NOUN
ajfa-14202	181	31	.	.	PUNCT
ajfa-14202	182	1	this	this	PRON
ajfa-14202	182	2	shows	show	VERB
ajfa-14202	182	3	that	that	SCONJ
ajfa-14202	182	4	the	the	DET
ajfa-14202	182	5	news	news	NOUN
ajfa-14202	182	6	from	from	ADP
ajfa-14202	182	7	volatility	volatility	NOUN
ajfa-14202	182	8	of	of	ADP
ajfa-14202	182	9	the	the	DET
ajfa-14202	182	10	previous	previous	ADJ
ajfa-14202	182	11	period	period	NOUN
ajfa-14202	182	12	has	have	VERB
ajfa-14202	182	13	an	an	DET
ajfa-14202	182	14	explanatory	explanatory	ADJ
ajfa-14202	182	15	power	power	NOUN
ajfa-14202	182	16	on	on	ADP
ajfa-14202	182	17	current	current	ADJ
ajfa-14202	182	18	volatility	volatility	NOUN
ajfa-14202	182	19	.	.	PUNCT
ajfa-14202	183	1	the	the	DET
ajfa-14202	183	2	summation	summation	NOUN
ajfa-14202	183	3	of	of	ADP
ajfa-14202	183	4	parameters	parameter	NOUN
ajfa-14202	183	5	α	α	PROPN
ajfa-14202	183	6	and	and	CCONJ
ajfa-14202	183	7	β	β	PRON
ajfa-14202	183	8	establish	establish	VERB
ajfa-14202	183	9	the	the	DET
ajfa-14202	183	10	volatility	volatility	NOUN
ajfa-14202	183	11	in	in	ADP
ajfa-14202	183	12	the	the	DET
ajfa-14202	183	13	return	return	NOUN
ajfa-14202	183	14	series	series	NOUN
ajfa-14202	183	15	and	and	CCONJ
ajfa-14202	183	16	indicates	indicate	VERB
ajfa-14202	183	17	that	that	PRON
ajfa-14202	183	18	is	be	AUX
ajfa-14202	183	19	persistent	persistent	ADJ
ajfa-14202	183	20	in	in	ADP
ajfa-14202	183	21	case	case	NOUN
ajfa-14202	183	22	of	of	ADP
ajfa-14202	183	23	all	all	DET
ajfa-14202	183	24	the	the	DET
ajfa-14202	183	25	countries	country	NOUN
ajfa-14202	183	26	.	.	PUNCT
ajfa-14202	184	1	the	the	DET
ajfa-14202	184	2	sum	sum	NOUN
ajfa-14202	184	3	of	of	ADP
ajfa-14202	184	4	the	the	DET
ajfa-14202	184	5	coefficients	coefficient	NOUN
ajfa-14202	184	6	is	be	AUX
ajfa-14202	184	7	unity	unity	NOUN
ajfa-14202	184	8	or	or	CCONJ
ajfa-14202	184	9	closer	close	ADJ
ajfa-14202	184	10	to	to	ADP
ajfa-14202	184	11	it	it	PRON
ajfa-14202	184	12	indicating	indicate	VERB
ajfa-14202	184	13	that	that	SCONJ
ajfa-14202	184	14	the	the	DET
ajfa-14202	184	15	shock	shock	NOUN
ajfa-14202	184	16	will	will	AUX
ajfa-14202	184	17	persevere	persevere	VERB
ajfa-14202	184	18	to	to	ADP
ajfa-14202	184	19	many	many	ADJ
ajfa-14202	184	20	future	future	ADJ
ajfa-14202	184	21	periods	period	NOUN
ajfa-14202	184	22	.	.	PUNCT
ajfa-14202	185	1	when	when	SCONJ
ajfa-14202	185	2	the	the	DET
ajfa-14202	185	3	sum	sum	NOUN
ajfa-14202	185	4	of	of	ADP
ajfa-14202	185	5	the	the	DET
ajfa-14202	185	6	coefficients	coefficient	NOUN
ajfa-14202	185	7	for	for	ADP
ajfa-14202	185	8	market	market	NOUN
ajfa-14202	185	9	returns	return	NOUN
ajfa-14202	185	10	is	be	AUX
ajfa-14202	185	11	closer	close	ADJ
ajfa-14202	185	12	to	to	ADP
ajfa-14202	185	13	1	1	NUM
ajfa-14202	185	14	,	,	PUNCT
ajfa-14202	185	15	the	the	DET
ajfa-14202	185	16	process	process	NOUN
ajfa-14202	185	17	of	of	ADP
ajfa-14202	185	18	mean	mean	ADJ
ajfa-14202	185	19	reversion	reversion	NOUN
ajfa-14202	185	20	gets	get	VERB
ajfa-14202	185	21	slower	slow	ADJ
ajfa-14202	185	22	(	(	PUNCT
ajfa-14202	185	23	engle	engle	NOUN
ajfa-14202	185	24	2001	2001	NUM
ajfa-14202	185	25	)	)	PUNCT
ajfa-14202	185	26	.	.	PUNCT
ajfa-14202	186	1	the	the	DET
ajfa-14202	186	2	slowest	slow	ADJ
ajfa-14202	186	3	mean	mean	ADJ
ajfa-14202	186	4	reversion	reversion	NOUN
ajfa-14202	186	5	process	process	NOUN
ajfa-14202	186	6	is	be	AUX
ajfa-14202	186	7	sighted	sighted	ADJ
ajfa-14202	186	8	in	in	ADP
ajfa-14202	186	9	brazil	brazil	PROPN
ajfa-14202	186	10	,	,	PUNCT
ajfa-14202	186	11	egypt	egypt	PROPN
ajfa-14202	186	12	,	,	PUNCT
ajfa-14202	186	13	saudi	saudi	PROPN
ajfa-14202	186	14	arabia	arabia	PROPN
ajfa-14202	186	15	,	,	PUNCT
ajfa-14202	186	16	south	south	PROPN
ajfa-14202	186	17	korea	korea	PROPN
ajfa-14202	186	18	,	,	PUNCT
ajfa-14202	186	19	poland	poland	PROPN
ajfa-14202	186	20	and	and	CCONJ
ajfa-14202	186	21	iran	iran	PROPN
ajfa-14202	186	22	.	.	PUNCT
ajfa-14202	187	1	hungary	hungary	PROPN
ajfa-14202	187	2	has	have	VERB
ajfa-14202	187	3	the	the	DET
ajfa-14202	187	4	highest	high	ADJ
ajfa-14202	187	5	mean	mean	ADJ
ajfa-14202	187	6	reversion	reversion	NOUN
ajfa-14202	187	7	process	process	NOUN
ajfa-14202	187	8	as	as	ADP
ajfa-14202	187	9	the	the	DET
ajfa-14202	187	10	sum	sum	NOUN
ajfa-14202	187	11	of	of	ADP
ajfa-14202	187	12	coefficient	coefficient	NOUN
ajfa-14202	187	13	is	be	AUX
ajfa-14202	187	14	the	the	DET
ajfa-14202	187	15	least	least	ADJ
ajfa-14202	187	16	.	.	PUNCT
ajfa-14202	188	1	with	with	ADP
ajfa-14202	188	2	respect	respect	NOUN
ajfa-14202	188	3	to	to	ADP
ajfa-14202	188	4	garch	garch	NOUN
ajfa-14202	188	5	(	(	PUNCT
ajfa-14202	188	6	1,1	1,1	NUM
ajfa-14202	188	7	)	)	PUNCT
ajfa-14202	188	8	model	model	NOUN
ajfa-14202	188	9	it	it	PRON
ajfa-14202	188	10	has	have	AUX
ajfa-14202	188	11	been	be	AUX
ajfa-14202	188	12	found	find	VERB
ajfa-14202	188	13	that	that	SCONJ
ajfa-14202	188	14	volatility	volatility	NOUN
ajfa-14202	188	15	is	be	AUX
ajfa-14202	188	16	highly	highly	ADV
ajfa-14202	188	17	persistent	persistent	ADJ
ajfa-14202	188	18	for	for	ADP
ajfa-14202	188	19	all	all	DET
ajfa-14202	188	20	the	the	DET
ajfa-14202	188	21	countries	country	NOUN
ajfa-14202	188	22	(	(	PUNCT
ajfa-14202	188	23	sum	sum	NOUN
ajfa-14202	188	24	of	of	ADP
ajfa-14202	188	25	alpha	alpha	NOUN
ajfa-14202	188	26	and	and	CCONJ
ajfa-14202	188	27	beta	beta	NOUN
ajfa-14202	188	28	closer	close	ADV
ajfa-14202	188	29	to	to	ADP
ajfa-14202	188	30	unity	unity	NOUN
ajfa-14202	188	31	)	)	PUNCT
ajfa-14202	188	32	meaning	mean	VERB
ajfa-14202	188	33	a	a	DET
ajfa-14202	188	34	current	current	ADJ
ajfa-14202	188	35	shock	shock	NOUN
ajfa-14202	188	36	persists	persist	VERB
ajfa-14202	188	37	indefinitely	indefinitely	ADV
ajfa-14202	188	38	in	in	ADP
ajfa-14202	188	39	conditioning	condition	VERB
ajfa-14202	188	40	the	the	DET
ajfa-14202	188	41	future	future	ADJ
ajfa-14202	188	42	variance	variance	NOUN
ajfa-14202	188	43	.	.	PUNCT
ajfa-14202	189	1	hence	hence	ADV
ajfa-14202	189	2	large	large	ADJ
ajfa-14202	189	3	changes	change	NOUN
ajfa-14202	189	4	in	in	ADP
ajfa-14202	189	5	the	the	DET
ajfa-14202	189	6	returns	return	NOUN
ajfa-14202	189	7	have	have	VERB
ajfa-14202	189	8	a	a	DET
ajfa-14202	189	9	propensity	propensity	NOUN
ajfa-14202	189	10	to	to	PART
ajfa-14202	189	11	be	be	AUX
ajfa-14202	189	12	followed	follow	VERB
ajfa-14202	189	13	by	by	ADP
ajfa-14202	189	14	large	large	ADJ
ajfa-14202	189	15	changes	change	NOUN
ajfa-14202	189	16	and	and	CCONJ
ajfa-14202	189	17	mild	mild	ADJ
ajfa-14202	189	18	changes	change	NOUN
ajfa-14202	189	19	likely	likely	ADJ
ajfa-14202	189	20	to	to	PART
ajfa-14202	189	21	be	be	AUX
ajfa-14202	189	22	asian	asian	ADJ
ajfa-14202	189	23	journal	journal	NOUN
ajfa-14202	189	24	of	of	ADP
ajfa-14202	189	25	finance	finance	PROPN
ajfa-14202	189	26	&	&	CCONJ
ajfa-14202	189	27	accounting	accounting	PROPN
ajfa-14202	189	28	issn	issn	PROPN
ajfa-14202	189	29	1946	1946	NUM
ajfa-14202	189	30	-	-	PUNCT
ajfa-14202	189	31	052x	052x	PROPN
ajfa-14202	189	32	2019	2019	NUM
ajfa-14202	189	33	,	,	PUNCT
ajfa-14202	189	34	vol	vol	NOUN
ajfa-14202	189	35	.	.	PROPN
ajfa-14202	190	1	11	11	NUM
ajfa-14202	190	2	,	,	PUNCT
ajfa-14202	190	3	no	no	INTJ
ajfa-14202	190	4	.	.	NOUN
ajfa-14202	190	5	1	1	NUM
ajfa-14202	190	6	53	53	NUM
ajfa-14202	190	7	ajfa.macrothink.org	ajfa.macrothink.org	NOUN
ajfa-14202	190	8	followed	follow	VERB
ajfa-14202	190	9	by	by	ADP
ajfa-14202	190	10	mild	mild	ADJ
ajfa-14202	190	11	changes	change	NOUN
ajfa-14202	190	12	.	.	PUNCT
ajfa-14202	191	1	it	it	PRON
ajfa-14202	191	2	implies	imply	VERB
ajfa-14202	191	3	that	that	SCONJ
ajfa-14202	191	4	in	in	ADP
ajfa-14202	191	5	these	these	DET
ajfa-14202	191	6	countries	country	NOUN
ajfa-14202	191	7	stock	stock	NOUN
ajfa-14202	191	8	returns	return	NOUN
ajfa-14202	191	9	volatility	volatility	NOUN
ajfa-14202	191	10	happens	happen	VERB
ajfa-14202	191	11	in	in	ADP
ajfa-14202	191	12	clusters	cluster	NOUN
ajfa-14202	191	13	and	and	CCONJ
ajfa-14202	191	14	is	be	AUX
ajfa-14202	191	15	predictable	predictable	ADJ
ajfa-14202	191	16	.	.	PUNCT
ajfa-14202	192	1	the	the	DET
ajfa-14202	192	2	study	study	NOUN
ajfa-14202	192	3	applies	apply	VERB
ajfa-14202	192	4	garch	garch	NOUN
ajfa-14202	192	5	(	(	PUNCT
ajfa-14202	192	6	1,1	1,1	NUM
ajfa-14202	192	7	)	)	PUNCT
ajfa-14202	192	8	consistent	consistent	ADJ
ajfa-14202	192	9	with	with	ADP
ajfa-14202	192	10	many	many	ADJ
ajfa-14202	192	11	previous	previous	ADJ
ajfa-14202	192	12	studies	study	NOUN
ajfa-14202	192	13	(	(	PUNCT
ajfa-14202	192	14	gokcan	gokcan	NOUN
ajfa-14202	192	15	2000	2000	NUM
ajfa-14202	192	16	)	)	PUNCT
ajfa-14202	192	17	.	.	PUNCT
ajfa-14202	193	1	the	the	DET
ajfa-14202	193	2	parameters	parameter	NOUN
ajfa-14202	193	3	of	of	ADP
ajfa-14202	193	4	garch	garch	NOUN
ajfa-14202	193	5	model	model	NOUN
ajfa-14202	193	6	for	for	ADP
ajfa-14202	193	7	the	the	DET
ajfa-14202	193	8	return	return	NOUN
ajfa-14202	193	9	series	series	NOUN
ajfa-14202	193	10	for	for	ADP
ajfa-14202	193	11	all	all	DET
ajfa-14202	193	12	the	the	DET
ajfa-14202	193	13	countries	country	NOUN
ajfa-14202	193	14	is	be	AUX
ajfa-14202	193	15	significant	significant	ADJ
ajfa-14202	193	16	at	at	ADP
ajfa-14202	193	17	1	1	NUM
ajfa-14202	193	18	%	%	NOUN
ajfa-14202	193	19	level	level	NOUN
ajfa-14202	193	20	,	,	PUNCT
ajfa-14202	193	21	implying	imply	VERB
ajfa-14202	193	22	to	to	PART
ajfa-14202	193	23	reject	reject	VERB
ajfa-14202	193	24	the	the	DET
ajfa-14202	193	25	null	null	ADJ
ajfa-14202	193	26	hypothesis	hypothesis	NOUN
ajfa-14202	193	27	and	and	CCONJ
ajfa-14202	193	28	accept	accept	VERB
ajfa-14202	193	29	the	the	DET
ajfa-14202	193	30	existence	existence	NOUN
ajfa-14202	193	31	of	of	ADP
ajfa-14202	193	32	volatility	volatility	NOUN
ajfa-14202	193	33	clustering	cluster	VERB
ajfa-14202	193	34	in	in	ADP
ajfa-14202	193	35	the	the	DET
ajfa-14202	193	36	return	return	NOUN
ajfa-14202	193	37	series	series	NOUN
ajfa-14202	193	38	.	.	PUNCT
ajfa-14202	194	1	that	that	PRON
ajfa-14202	194	2	is	be	AUX
ajfa-14202	194	3	,	,	PUNCT
ajfa-14202	194	4	volatility	volatility	NOUN
ajfa-14202	194	5	from	from	ADP
ajfa-14202	194	6	the	the	DET
ajfa-14202	194	7	previous	previous	ADJ
ajfa-14202	194	8	periods	period	NOUN
ajfa-14202	194	9	has	have	VERB
ajfa-14202	194	10	the	the	DET
ajfa-14202	194	11	power	power	NOUN
ajfa-14202	194	12	of	of	ADP
ajfa-14202	194	13	explaining	explain	VERB
ajfa-14202	194	14	the	the	DET
ajfa-14202	194	15	current	current	ADJ
ajfa-14202	194	16	volatility	volatility	NOUN
ajfa-14202	194	17	condition	condition	NOUN
ajfa-14202	194	18	.	.	PUNCT
ajfa-14202	195	1	similarly	similarly	ADV
ajfa-14202	195	2	the	the	DET
ajfa-14202	195	3	coefficient	coefficient	NOUN
ajfa-14202	195	4	of	of	ADP
ajfa-14202	195	5	the	the	DET
ajfa-14202	195	6	lagged	lag	VERB
ajfa-14202	195	7	conditional	conditional	ADJ
ajfa-14202	195	8	variance	variance	NOUN
ajfa-14202	195	9	(	(	PUNCT
ajfa-14202	195	10	𝛽	𝛽	NOUN
ajfa-14202	195	11	)	)	PUNCT
ajfa-14202	195	12	is	be	AUX
ajfa-14202	195	13	significantly	significantly	ADV
ajfa-14202	195	14	different	different	ADJ
ajfa-14202	195	15	from	from	ADP
ajfa-14202	195	16	zero	zero	NUM
ajfa-14202	195	17	indicating	indicate	VERB
ajfa-14202	195	18	volatility	volatility	NOUN
ajfa-14202	195	19	clustering	cluster	VERB
ajfa-14202	195	20	in	in	ADP
ajfa-14202	195	21	the	the	DET
ajfa-14202	195	22	sample	sample	NOUN
ajfa-14202	195	23	selected	select	VERB
ajfa-14202	195	24	.	.	PUNCT
ajfa-14202	196	1	thus	thus	ADV
ajfa-14202	196	2	the	the	DET
ajfa-14202	196	3	return	return	NOUN
ajfa-14202	196	4	series	series	NOUN
ajfa-14202	196	5	for	for	ADP
ajfa-14202	196	6	all	all	DET
ajfa-14202	196	7	the	the	DET
ajfa-14202	196	8	emerging	emerge	VERB
ajfa-14202	196	9	economies	economy	NOUN
ajfa-14202	196	10	have	have	AUX
ajfa-14202	196	11	both	both	CCONJ
ajfa-14202	196	12	the	the	DET
ajfa-14202	196	13	attributesvolatility	attributesvolatility	NOUN
ajfa-14202	196	14	clustering	cluster	VERB
ajfa-14202	196	15	and	and	CCONJ
ajfa-14202	196	16	are	be	AUX
ajfa-14202	196	17	persistent	persistent	ADJ
ajfa-14202	196	18	.	.	PUNCT
ajfa-14202	197	1	hence	hence	ADV
ajfa-14202	197	2	all	all	DET
ajfa-14202	197	3	the	the	DET
ajfa-14202	197	4	tests	test	NOUN
ajfa-14202	197	5	indicate	indicate	VERB
ajfa-14202	197	6	that	that	DET
ajfa-14202	197	7	variance	variance	NOUN
ajfa-14202	197	8	equation	equation	NOUN
ajfa-14202	197	9	is	be	AUX
ajfa-14202	197	10	well	well	ADV
ajfa-14202	197	11	characterized	characterize	VERB
ajfa-14202	197	12	and	and	CCONJ
ajfa-14202	197	13	specified	specify	VERB
ajfa-14202	197	14	.	.	PUNCT
ajfa-14202	198	1	further	far	ADV
ajfa-14202	198	2	the	the	DET
ajfa-14202	198	3	arch	arch	ADJ
ajfa-14202	198	4	-	-	PUNCT
ajfa-14202	198	5	lm	lm	NOUN
ajfa-14202	198	6	test	test	NOUN
ajfa-14202	198	7	is	be	AUX
ajfa-14202	198	8	used	use	VERB
ajfa-14202	198	9	to	to	PART
ajfa-14202	198	10	check	check	VERB
ajfa-14202	198	11	arch	arch	ADJ
ajfa-14202	198	12	effect	effect	NOUN
ajfa-14202	198	13	residuals	residual	NOUN
ajfa-14202	198	14	and	and	CCONJ
ajfa-14202	198	15	from	from	ADP
ajfa-14202	198	16	the	the	DET
ajfa-14202	198	17	results	result	NOUN
ajfa-14202	198	18	it	it	PRON
ajfa-14202	198	19	is	be	AUX
ajfa-14202	198	20	inferred	infer	VERB
ajfa-14202	198	21	that	that	SCONJ
ajfa-14202	198	22	ρ>0.05	ρ>0.05	PROPN
ajfa-14202	198	23	.	.	PUNCT
ajfa-14202	199	1	this	this	PRON
ajfa-14202	199	2	proves	prove	VERB
ajfa-14202	199	3	that	that	SCONJ
ajfa-14202	199	4	the	the	DET
ajfa-14202	199	5	variance	variance	NOUN
ajfa-14202	199	6	equation	equation	NOUN
ajfa-14202	199	7	is	be	AUX
ajfa-14202	199	8	well	well	ADV
ajfa-14202	199	9	specified	specify	VERB
ajfa-14202	199	10	for	for	ADP
ajfa-14202	199	11	the	the	DET
ajfa-14202	199	12	market	market	NOUN
ajfa-14202	199	13	.	.	PUNCT
ajfa-14202	200	1	table	table	NOUN
ajfa-14202	200	2	v.	v.	ADP
ajfa-14202	200	3	estimated	estimate	VERB
ajfa-14202	200	4	result	result	NOUN
ajfa-14202	200	5	of	of	ADP
ajfa-14202	200	6	s	s	X
ajfa-14202	200	7	garch	garch	NOUN
ajfa-14202	200	8	(	(	PUNCT
ajfa-14202	200	9	1,1	1,1	NUM
ajfa-14202	200	10	)	)	PUNCT
ajfa-14202	200	11	model	model	NOUN
ajfa-14202	200	12	mean	mean	PROPN
ajfa-14202	200	13	egypt	egypt	PROPN
ajfa-14202	200	14	brazil	brazil	PROPN
ajfa-14202	200	15	colom	colom	PROPN
ajfa-14202	200	16	bia	bia	PROPN
ajfa-14202	200	17	saudi	saudi	PROPN
ajfa-14202	200	18	arabia	arabia	PROPN
ajfa-14202	200	19	south	south	PROPN
ajfa-14202	200	20	korea	korea	PROPN
ajfa-14202	200	21	south	south	PROPN
ajfa-14202	200	22	africa	africa	PROPN
ajfa-14202	200	23	hungary	hungary	PROPN
ajfa-14202	200	24	philip	philip	PROPN
ajfa-14202	200	25	pines	pines	PROPN
ajfa-14202	200	26	russia	russia	PROPN
ajfa-14202	200	27	vietnam	vietnam	PROPN
ajfa-14202	200	28	peru	peru	PROPN
ajfa-14202	200	29	poland	poland	PROPN
ajfa-14202	200	30	iran	iran	PROPN
ajfa-14202	200	31	µ(constant	µ(constant	PROPN
ajfa-14202	200	32	)	)	PUNCT
ajfa-14202	200	33	0.020	0.020	NUM
ajfa-14202	200	34	0.010	0.010	NUM
ajfa-14202	200	35	0.01	0.01	NUM
ajfa-14202	200	36	0.01	0.01	NUM
ajfa-14202	200	37	0.003	0.003	NUM
ajfa-14202	200	38	0.01	0.01	NUM
ajfa-14202	200	39	0.01	0.01	NUM
ajfa-14202	200	40	0.01	0.01	NUM
ajfa-14202	200	41	0.01	0.01	NUM
ajfa-14202	200	42	0.01	0.01	NUM
ajfa-14202	200	43	0.02	0.02	NUM
ajfa-14202	200	44	0.01	0.01	NUM
ajfa-14202	200	45	0.00	0.00	NUM
ajfa-14202	200	46	ɯ(constant	ɯ(constant	NOUN
ajfa-14202	200	47	)	)	PUNCT
ajfa-14202	200	48	0.00	0.00	NUM
ajfa-14202	200	49	0.00	0.00	NUM
ajfa-14202	200	50	0.00	0.00	NUM
ajfa-14202	200	51	0.00	0.00	NUM
ajfa-14202	200	52	0.00	0.00	NUM
ajfa-14202	200	53	0.00	0.00	NUM
ajfa-14202	200	54	0.00	0.00	NUM
ajfa-14202	200	55	0.00	0.00	NUM
ajfa-14202	200	56	0.00	0.00	NUM
ajfa-14202	200	57	0.00	0.00	NUM
ajfa-14202	200	58	0.00	0.00	NUM
ajfa-14202	200	59	0.00	0.00	NUM
ajfa-14202	200	60	0.00	0.00	NUM
ajfa-14202	200	61	α(arch	α(arch	NOUN
ajfa-14202	200	62	effects	effect	NOUN
ajfa-14202	200	63	)	)	PUNCT
ajfa-14202	200	64	0.00	0.00	NUM
ajfa-14202	200	65	0.00	0.00	NUM
ajfa-14202	200	66	0.25	0.25	NUM
ajfa-14202	200	67	0.21	0.21	NUM
ajfa-14202	200	68	0.09	0.09	NUM
ajfa-14202	200	69	0.30	0.30	NUM
ajfa-14202	200	70	0.09	0.09	NUM
ajfa-14202	200	71	0.08	0.08	NUM
ajfa-14202	200	72	0.44	0.44	NUM
ajfa-14202	200	73	0.20	0.20	NUM
ajfa-14202	200	74	0.18	0.18	NUM
ajfa-14202	200	75	0.10	0.10	NUM
ajfa-14202	200	76	1.00	1.00	NUM
ajfa-14202	200	77	b(garch	b(garch	NOUN
ajfa-14202	200	78	effects	effect	NOUN
ajfa-14202	200	79	)	)	PUNCT
ajfa-14202	200	80	1.00	1.00	NUM
ajfa-14202	200	81	1.00	1.00	NUM
ajfa-14202	200	82	0.69	0.69	NUM
ajfa-14202	200	83	0.79	0.79	NUM
ajfa-14202	200	84	0.90	0.90	NUM
ajfa-14202	200	85	0.63	0.63	NUM
ajfa-14202	200	86	0.76	0.76	NUM
ajfa-14202	200	87	0.87	0.87	NUM
ajfa-14202	200	88	0.51	0.51	NUM
ajfa-14202	200	89	0.75	0.75	NUM
ajfa-14202	200	90	0.77	0.77	NUM
ajfa-14202	200	91	0.87	0.87	NUM
ajfa-14202	200	92	0.00	0.00	NUM
ajfa-14202	200	93	α±β	α±β	PROPN
ajfa-14202	200	94	1.00	1.00	NUM
ajfa-14202	200	95	1.00	1.00	NUM
ajfa-14202	200	96	0.94	0.94	NUM
ajfa-14202	200	97	1.00	1.00	NUM
ajfa-14202	200	98	0.99	0.99	NUM
ajfa-14202	200	99	0.93	0.93	NUM
ajfa-14202	200	100	0.85	0.85	NUM
ajfa-14202	200	101	0.95	0.95	NUM
ajfa-14202	200	102	0.95	0.95	NUM
ajfa-14202	200	103	0.95	0.95	NUM
ajfa-14202	200	104	0.95	0.95	NUM
ajfa-14202	200	105	0.97	0.97	NUM
ajfa-14202	200	106	1.00	1.00	NUM
ajfa-14202	200	107	log	log	NOUN
ajfa-14202	200	108	likelihood	likelihood	NOUN
ajfa-14202	200	109	139.15	139.15	NUM
ajfa-14202	200	110	203.62	203.62	NUM
ajfa-14202	200	111	298.50	298.50	NUM
ajfa-14202	200	112	191.07	191.07	NUM
ajfa-14202	200	113	255.27	255.27	NUM
ajfa-14202	200	114	281.41	281.41	NUM
ajfa-14202	200	115	203.40	203.40	NUM
ajfa-14202	200	116	239.50	239.50	NUM
ajfa-14202	200	117	191.22	191.22	NUM
ajfa-14202	200	118	174.92	174.92	NUM
ajfa-14202	200	119	166.93	166.93	NUM
ajfa-14202	200	120	233.46	233.46	NUM
ajfa-14202	200	121	427.49	427.49	NUM
ajfa-14202	200	122	akaike	akaike	ADJ
ajfa-14202	200	123	information	information	NOUN
ajfa-14202	200	124	criterion	criterion	NOUN
ajfa-14202	200	125	-1.71	-1.71	X
ajfa-14202	200	126	-2.55	-2.55	PROPN
ajfa-14202	200	127	-3.77	-3.77	PROPN
ajfa-14202	200	128	-2.39	-2.39	NUM
ajfa-14202	200	129	-3.21	-3.21	NOUN
ajfa-14202	200	130	-3.55	-3.55	NUM
ajfa-14202	200	131	-2.58	-2.58	NUM
ajfa-14202	200	132	-2.98	-2.98	NUM
ajfa-14202	200	133	-2.39	-2.39	NUM
ajfa-14202	200	134	-2.17	-2.17	NUM
ajfa-14202	200	135	-2.07	-2.07	NUM
ajfa-14202	200	136	-2.93	-2.93	NUM
ajfa-14202	200	137	-5.43	-5.43	NUM
ajfa-14202	200	138	schwarz	schwarz	PROPN
ajfa-14202	200	139	information	information	PROPN
ajfa-14202	200	140	-1.72	-1.72	ADP
ajfa-14202	200	141	-2.55	-2.55	INTJ
ajfa-14202	200	142	-3.78	-3.78	PRON
ajfa-14202	200	143	-2.39	-2.39	NUM
ajfa-14202	200	144	-3.22	-3.22	NUM
ajfa-14202	200	145	-3.43	-3.43	X
ajfa-14202	200	146	-2.58	-2.58	NUM
ajfa-14202	200	147	-2.99	-2.99	NUM
ajfa-14202	200	148	-2.39	-2.39	NUM
ajfa-14202	200	149	-2.18	-2.18	NUM
ajfa-14202	200	150	-2.08	-2.08	NUM
ajfa-14202	200	151	-2.93	-2.93	NUM
ajfa-14202	200	152	-5.44	-5.44	NOUN
ajfa-14202	200	153	arch	arch	ADJ
ajfa-14202	200	154	-	-	PUNCT
ajfa-14202	200	155	lm	lm	NOUN
ajfa-14202	200	156	test	test	NOUN
ajfa-14202	200	157	stat	stat	NOUN
ajfa-14202	200	158	0.631	0.631	NUM
ajfa-14202	200	159	1.004	1.004	NUM
ajfa-14202	200	160	3.50	3.50	NUM
ajfa-14202	200	161	1.84	1.84	NUM
ajfa-14202	200	162	0.51	0.51	NUM
ajfa-14202	200	163	0.91	0.91	NUM
ajfa-14202	200	164	2.35	2.35	NUM
ajfa-14202	200	165	3.42	3.42	NUM
ajfa-14202	200	166	0.62	0.62	NUM
ajfa-14202	200	167	0.09	0.09	NUM
ajfa-14202	200	168	3.50	3.50	NUM
ajfa-14202	200	169	1.94	1.94	NUM
ajfa-14202	200	170	0.02	0.02	NUM
ajfa-14202	200	171	prob.chi	prob.chi	PROPN
ajfa-14202	200	172	square(1	square(1	PROPN
ajfa-14202	200	173	)	)	PUNCT
ajfa-14202	200	174	0.84	0.84	NUM
ajfa-14202	200	175	0.73	0.73	NUM
ajfa-14202	200	176	0.22	0.22	NUM
ajfa-14202	200	177	0.75	0.75	NUM
ajfa-14202	200	178	0.47	0.47	NUM
ajfa-14202	200	179	0.75	0.75	NUM
ajfa-14202	200	180	0.39	0.39	NUM
ajfa-14202	200	181	0.23	0.23	NUM
ajfa-14202	200	182	0.84	0.84	NUM
ajfa-14202	200	183	0.76	0.76	NUM
ajfa-14202	200	184	0.22	0.22	NUM
ajfa-14202	200	185	0.48	0.48	NUM
ajfa-14202	200	186	0.99	0.99	NUM
ajfa-14202	200	187	4.5	4.5	NUM
ajfa-14202	200	188	egarch	egarch	NOUN
ajfa-14202	200	189	(	(	PUNCT
ajfa-14202	200	190	1,1	1,1	NUM
ajfa-14202	200	191	)	)	PUNCT
ajfa-14202	200	192	in	in	ADP
ajfa-14202	200	193	order	order	NOUN
ajfa-14202	200	194	to	to	PART
ajfa-14202	200	195	capture	capture	VERB
ajfa-14202	200	196	the	the	DET
ajfa-14202	200	197	availability	availability	NOUN
ajfa-14202	200	198	of	of	ADP
ajfa-14202	200	199	asymmetric	asymmetric	ADJ
ajfa-14202	200	200	behavior	behavior	NOUN
ajfa-14202	200	201	and	and	CCONJ
ajfa-14202	200	202	the	the	DET
ajfa-14202	200	203	existence	existence	NOUN
ajfa-14202	200	204	of	of	ADP
ajfa-14202	200	205	leverage	leverage	NOUN
ajfa-14202	200	206	effect	effect	NOUN
ajfa-14202	200	207	in	in	ADP
ajfa-14202	200	208	the	the	DET
ajfa-14202	200	209	return	return	NOUN
ajfa-14202	200	210	series	series	NOUN
ajfa-14202	200	211	,	,	PUNCT
ajfa-14202	200	212	the	the	DET
ajfa-14202	200	213	study	study	NOUN
ajfa-14202	200	214	applied	apply	VERB
ajfa-14202	200	215	egarch	egarch	NOUN
ajfa-14202	200	216	and	and	CCONJ
ajfa-14202	200	217	tgarch	tgarch	PROPN
ajfa-14202	200	218	model	model	NOUN
ajfa-14202	200	219	.	.	PUNCT
ajfa-14202	201	1	table.vi	table.vi	X
ajfa-14202	201	2	represents	represent	VERB
ajfa-14202	201	3	the	the	DET
ajfa-14202	201	4	egarch	egarch	NOUN
ajfa-14202	201	5	output	output	NOUN
ajfa-14202	201	6	.	.	PUNCT
ajfa-14202	202	1	the	the	DET
ajfa-14202	202	2	gamma	gamma	PROPN
ajfa-14202	202	3	parameter	parameter	NOUN
ajfa-14202	202	4	which	which	PRON
ajfa-14202	202	5	is	be	AUX
ajfa-14202	202	6	the	the	DET
ajfa-14202	202	7	indicator	indicator	NOUN
ajfa-14202	202	8	of	of	ADP
ajfa-14202	202	9	asymmetric	asymmetric	ADJ
ajfa-14202	202	10	volatility	volatility	NOUN
ajfa-14202	202	11	is	be	AUX
ajfa-14202	202	12	positive	positive	ADJ
ajfa-14202	202	13	and	and	CCONJ
ajfa-14202	202	14	significant	significant	ADJ
ajfa-14202	202	15	at	at	ADP
ajfa-14202	202	16	1	1	NUM
ajfa-14202	202	17	%	%	NOUN
ajfa-14202	202	18	level	level	NOUN
ajfa-14202	202	19	for	for	ADP
ajfa-14202	202	20	peru	peru	PROPN
ajfa-14202	202	21	,	,	PUNCT
ajfa-14202	202	22	south	south	PROPN
ajfa-14202	202	23	africa	africa	PROPN
ajfa-14202	202	24	,	,	PUNCT
ajfa-14202	202	25	iran	iran	PROPN
ajfa-14202	202	26	and	and	CCONJ
ajfa-14202	202	27	colombia	colombia	PROPN
ajfa-14202	202	28	.	.	PUNCT
ajfa-14202	203	1	this	this	PRON
ajfa-14202	203	2	implies	imply	VERB
ajfa-14202	203	3	that	that	SCONJ
ajfa-14202	203	4	shocks	shock	NOUN
ajfa-14202	203	5	including	include	VERB
ajfa-14202	203	6	both	both	CCONJ
ajfa-14202	203	7	good	good	ADJ
ajfa-14202	203	8	and	and	CCONJ
ajfa-14202	203	9	bad	bad	ADJ
ajfa-14202	203	10	news	news	NOUN
ajfa-14202	203	11	will	will	AUX
ajfa-14202	203	12	affect	affect	VERB
ajfa-14202	203	13	volatility	volatility	NOUN
ajfa-14202	203	14	for	for	ADP
ajfa-14202	203	15	a	a	DET
ajfa-14202	203	16	long	long	ADJ
ajfa-14202	203	17	time	time	NOUN
ajfa-14202	203	18	in	in	ADP
ajfa-14202	203	19	future	future	ADJ
ajfa-14202	203	20	and	and	CCONJ
ajfa-14202	203	21	asian	asian	ADJ
ajfa-14202	203	22	journal	journal	NOUN
ajfa-14202	203	23	of	of	ADP
ajfa-14202	203	24	finance	finance	PROPN
ajfa-14202	203	25	&	&	CCONJ
ajfa-14202	203	26	accounting	accounting	PROPN
ajfa-14202	203	27	issn	issn	PROPN
ajfa-14202	203	28	1946	1946	NUM
ajfa-14202	203	29	-	-	PUNCT
ajfa-14202	203	30	052x	052x	PROPN
ajfa-14202	203	31	2019	2019	NUM
ajfa-14202	203	32	,	,	PUNCT
ajfa-14202	203	33	vol	vol	NOUN
ajfa-14202	203	34	.	.	PROPN
ajfa-14202	204	1	11	11	NUM
ajfa-14202	204	2	,	,	PUNCT
ajfa-14202	204	3	no	no	INTJ
ajfa-14202	204	4	.	.	NOUN
ajfa-14202	204	5	1	1	NUM
ajfa-14202	204	6	54	54	NUM
ajfa-14202	204	7	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	204	8	it	it	PRON
ajfa-14202	204	9	is	be	AUX
ajfa-14202	204	10	not	not	PART
ajfa-14202	204	11	expected	expect	VERB
ajfa-14202	204	12	to	to	PART
ajfa-14202	204	13	be	be	AUX
ajfa-14202	204	14	forgotten	forget	VERB
ajfa-14202	204	15	within	within	ADP
ajfa-14202	204	16	a	a	DET
ajfa-14202	204	17	short	short	ADJ
ajfa-14202	204	18	period	period	NOUN
ajfa-14202	204	19	of	of	ADP
ajfa-14202	204	20	time	time	NOUN
ajfa-14202	204	21	.	.	PUNCT
ajfa-14202	205	1	further	far	ADV
ajfa-14202	205	2	since	since	SCONJ
ajfa-14202	205	3	the	the	DET
ajfa-14202	205	4	leverage	leverage	NOUN
ajfa-14202	205	5	coefficient	coefficient	NOUN
ajfa-14202	205	6	being	be	AUX
ajfa-14202	205	7	positive	positive	ADJ
ajfa-14202	205	8	and	and	CCONJ
ajfa-14202	205	9	significant	significant	ADJ
ajfa-14202	205	10	,	,	PUNCT
ajfa-14202	205	11	effect	effect	NOUN
ajfa-14202	205	12	of	of	ADP
ajfa-14202	205	13	previous	previous	ADJ
ajfa-14202	205	14	period	period	NOUN
ajfa-14202	205	15	positive	positive	ADJ
ajfa-14202	205	16	news	news	NOUN
ajfa-14202	205	17	is	be	AUX
ajfa-14202	205	18	greater	great	ADJ
ajfa-14202	205	19	than	than	ADP
ajfa-14202	205	20	effect	effect	NOUN
ajfa-14202	205	21	of	of	ADP
ajfa-14202	205	22	bad	bad	ADJ
ajfa-14202	205	23	news	news	NOUN
ajfa-14202	205	24	of	of	ADP
ajfa-14202	205	25	same	same	ADJ
ajfa-14202	205	26	magnitude	magnitude	NOUN
ajfa-14202	205	27	.	.	PUNCT
ajfa-14202	206	1	the	the	DET
ajfa-14202	206	2	table	table	NOUN
ajfa-14202	206	3	also	also	ADV
ajfa-14202	206	4	shows	show	VERB
ajfa-14202	206	5	that	that	SCONJ
ajfa-14202	206	6	arch	arch	NOUN
ajfa-14202	206	7	(	(	PUNCT
ajfa-14202	206	8	𝛼	𝛼	NOUN
ajfa-14202	206	9	)	)	PUNCT
ajfa-14202	206	10	and	and	CCONJ
ajfa-14202	206	11	garch	garch	NOUN
ajfa-14202	206	12	coefficient	coefficient	NOUN
ajfa-14202	206	13	(	(	PUNCT
ajfa-14202	206	14	β	β	NOUN
ajfa-14202	206	15	)	)	PUNCT
ajfa-14202	206	16	are	be	AUX
ajfa-14202	206	17	equal	equal	ADJ
ajfa-14202	206	18	to	to	ADP
ajfa-14202	206	19	one	one	NUM
ajfa-14202	206	20	in	in	ADP
ajfa-14202	206	21	case	case	NOUN
ajfa-14202	206	22	of	of	ADP
ajfa-14202	206	23	vietnam	vietnam	PROPN
ajfa-14202	206	24	and	and	CCONJ
ajfa-14202	206	25	saudi	saudi	PROPN
ajfa-14202	206	26	arabia	arabia	PROPN
ajfa-14202	206	27	and	and	CCONJ
ajfa-14202	206	28	nearly	nearly	ADV
ajfa-14202	206	29	to	to	ADP
ajfa-14202	206	30	unity	unity	NOUN
ajfa-14202	206	31	in	in	ADP
ajfa-14202	206	32	case	case	NOUN
ajfa-14202	206	33	of	of	ADP
ajfa-14202	206	34	other	other	ADJ
ajfa-14202	206	35	countries	country	NOUN
ajfa-14202	206	36	indicating	indicate	VERB
ajfa-14202	206	37	that	that	SCONJ
ajfa-14202	206	38	conditional	conditional	ADJ
ajfa-14202	206	39	variance	variance	NOUN
ajfa-14202	206	40	is	be	AUX
ajfa-14202	206	41	not	not	PART
ajfa-14202	206	42	explosive	explosive	ADJ
ajfa-14202	206	43	.	.	PUNCT
ajfa-14202	207	1	further	further	ADJ
ajfa-14202	207	2	coefficient	coefficient	PROPN
ajfa-14202	207	3	gamma	gamma	PROPN
ajfa-14202	207	4	has	have	AUX
ajfa-14202	207	5	specified	specify	VERB
ajfa-14202	207	6	the	the	DET
ajfa-14202	207	7	asymmetric	asymmetric	ADJ
ajfa-14202	207	8	effect	effect	NOUN
ajfa-14202	207	9	as	as	SCONJ
ajfa-14202	207	10	it	it	PRON
ajfa-14202	207	11	is	be	AUX
ajfa-14202	207	12	positive	positive	ADJ
ajfa-14202	207	13	for	for	ADP
ajfa-14202	207	14	all	all	DET
ajfa-14202	207	15	the	the	DET
ajfa-14202	207	16	countries	country	NOUN
ajfa-14202	207	17	in	in	ADP
ajfa-14202	207	18	the	the	DET
ajfa-14202	207	19	study	study	NOUN
ajfa-14202	207	20	.	.	PUNCT
ajfa-14202	208	1	the	the	DET
ajfa-14202	208	2	asymmetric	asymmetric	ADJ
ajfa-14202	208	3	term	term	NOUN
ajfa-14202	208	4	in	in	ADP
ajfa-14202	208	5	egarch	egarch	NOUN
ajfa-14202	208	6	is	be	AUX
ajfa-14202	208	7	not	not	PART
ajfa-14202	208	8	negative	negative	ADJ
ajfa-14202	208	9	and	and	CCONJ
ajfa-14202	208	10	significant	significant	ADJ
ajfa-14202	208	11	for	for	SCONJ
ajfa-14202	208	12	any	any	PRON
ajfa-14202	208	13	of	of	ADP
ajfa-14202	208	14	the	the	DET
ajfa-14202	208	15	countries	country	NOUN
ajfa-14202	208	16	in	in	ADP
ajfa-14202	208	17	the	the	DET
ajfa-14202	208	18	study	study	NOUN
ajfa-14202	208	19	suggesting	suggest	VERB
ajfa-14202	208	20	that	that	SCONJ
ajfa-14202	208	21	there	there	PRON
ajfa-14202	208	22	is	be	VERB
ajfa-14202	208	23	no	no	DET
ajfa-14202	208	24	leverage	leverage	NOUN
ajfa-14202	208	25	effects	effect	NOUN
ajfa-14202	208	26	in	in	ADP
ajfa-14202	208	27	the	the	DET
ajfa-14202	208	28	returns	return	NOUN
ajfa-14202	208	29	during	during	ADP
ajfa-14202	208	30	the	the	DET
ajfa-14202	208	31	study	study	NOUN
ajfa-14202	208	32	period	period	NOUN
ajfa-14202	208	33	.	.	PUNCT
ajfa-14202	209	1	this	this	PRON
ajfa-14202	209	2	leads	lead	VERB
ajfa-14202	209	3	to	to	ADP
ajfa-14202	209	4	the	the	DET
ajfa-14202	209	5	conclusion	conclusion	NOUN
ajfa-14202	209	6	that	that	SCONJ
ajfa-14202	209	7	previous	previous	ADJ
ajfa-14202	209	8	period	period	NOUN
ajfa-14202	209	9	positive	positive	ADJ
ajfa-14202	209	10	and	and	CCONJ
ajfa-14202	209	11	negative	negative	ADJ
ajfa-14202	209	12	shocks	shock	NOUN
ajfa-14202	209	13	do	do	AUX
ajfa-14202	209	14	not	not	PART
ajfa-14202	209	15	have	have	AUX
ajfa-14202	209	16	a	a	DET
ajfa-14202	209	17	different	different	ADJ
ajfa-14202	209	18	impact	impact	NOUN
ajfa-14202	209	19	on	on	ADP
ajfa-14202	209	20	the	the	DET
ajfa-14202	209	21	conditional	conditional	ADJ
ajfa-14202	209	22	variance	variance	NOUN
ajfa-14202	209	23	.	.	PUNCT
ajfa-14202	210	1	iran	iran	PROPN
ajfa-14202	210	2	,	,	PUNCT
ajfa-14202	210	3	south	south	PROPN
ajfa-14202	210	4	africa	africa	PROPN
ajfa-14202	210	5	and	and	CCONJ
ajfa-14202	210	6	egypt	egypt	PROPN
ajfa-14202	210	7	markets	market	NOUN
ajfa-14202	210	8	are	be	AUX
ajfa-14202	210	9	impacted	impact	VERB
ajfa-14202	210	10	due	due	ADP
ajfa-14202	210	11	to	to	ADP
ajfa-14202	210	12	recent	recent	ADJ
ajfa-14202	210	13	information	information	NOUN
ajfa-14202	210	14	while	while	SCONJ
ajfa-14202	210	15	south	south	PROPN
ajfa-14202	210	16	korea	korea	PROPN
ajfa-14202	210	17	,	,	PUNCT
ajfa-14202	210	18	vietnam	vietnam	PROPN
ajfa-14202	210	19	and	and	CCONJ
ajfa-14202	210	20	saudi	saudi	PROPN
ajfa-14202	210	21	arabia	arabia	PROPN
ajfa-14202	210	22	by	by	ADP
ajfa-14202	210	23	old	old	ADJ
ajfa-14202	210	24	news	news	NOUN
ajfa-14202	210	25	or	or	CCONJ
ajfa-14202	210	26	information	information	NOUN
ajfa-14202	210	27	.	.	PUNCT
ajfa-14202	211	1	iran	iran	PROPN
ajfa-14202	211	2	has	have	VERB
ajfa-14202	211	3	the	the	DET
ajfa-14202	211	4	highest	high	ADJ
ajfa-14202	211	5	leverage	leverage	NOUN
ajfa-14202	211	6	coefficient	coefficient	NOUN
ajfa-14202	211	7	indicating	indicate	VERB
ajfa-14202	211	8	that	that	SCONJ
ajfa-14202	211	9	its	its	PRON
ajfa-14202	211	10	stock	stock	NOUN
ajfa-14202	211	11	market	market	NOUN
ajfa-14202	211	12	has	have	AUX
ajfa-14202	211	13	been	be	AUX
ajfa-14202	211	14	impacted	impact	VERB
ajfa-14202	211	15	by	by	ADP
ajfa-14202	211	16	volatility	volatility	NOUN
ajfa-14202	211	17	due	due	ADP
ajfa-14202	211	18	to	to	ADP
ajfa-14202	211	19	negative	negative	ADJ
ajfa-14202	211	20	information	information	NOUN
ajfa-14202	211	21	.	.	PUNCT
ajfa-14202	212	1	findings	finding	NOUN
ajfa-14202	212	2	show	show	VERB
ajfa-14202	212	3	that	that	SCONJ
ajfa-14202	212	4	sign	sign	NOUN
ajfa-14202	212	5	-	-	PUNCT
ajfa-14202	212	6	bias	bias	NOUN
ajfa-14202	212	7	statistics	statistic	NOUN
ajfa-14202	212	8	are	be	AUX
ajfa-14202	212	9	significant	significant	ADJ
ajfa-14202	212	10	for	for	ADP
ajfa-14202	212	11	the	the	DET
ajfa-14202	212	12	asymmetric	asymmetric	ADJ
ajfa-14202	212	13	models	model	NOUN
ajfa-14202	212	14	in	in	ADP
ajfa-14202	212	15	case	case	NOUN
ajfa-14202	212	16	of	of	ADP
ajfa-14202	212	17	russia	russia	PROPN
ajfa-14202	212	18	,	,	PUNCT
ajfa-14202	212	19	saudi	saudi	PROPN
ajfa-14202	212	20	arabia	arabia	PROPN
ajfa-14202	212	21	and	and	CCONJ
ajfa-14202	212	22	vietnam	vietnam	PROPN
ajfa-14202	212	23	.	.	PUNCT
ajfa-14202	213	1	the	the	DET
ajfa-14202	213	2	two	two	NUM
ajfa-14202	213	3	size	size	NOUN
ajfa-14202	213	4	bias	bias	NOUN
ajfa-14202	213	5	test	test	NOUN
ajfa-14202	213	6	statistic	statistic	NOUN
ajfa-14202	213	7	is	be	AUX
ajfa-14202	213	8	highly	highly	ADV
ajfa-14202	213	9	significant	significant	ADJ
ajfa-14202	213	10	with	with	ADP
ajfa-14202	213	11	positive	positive	ADJ
ajfa-14202	213	12	size	size	NOUN
ajfa-14202	213	13	bias	bias	NOUN
ajfa-14202	213	14	test	test	NOUN
ajfa-14202	213	15	statistic	statistic	PROPN
ajfa-14202	213	16	having	have	VERB
ajfa-14202	213	17	higher	high	ADJ
ajfa-14202	213	18	value	value	NOUN
ajfa-14202	213	19	.	.	PUNCT
ajfa-14202	214	1	this	this	PRON
ajfa-14202	214	2	proves	prove	VERB
ajfa-14202	214	3	that	that	DET
ajfa-14202	214	4	size	size	NOUN
ajfa-14202	214	5	effect	effect	NOUN
ajfa-14202	214	6	of	of	ADP
ajfa-14202	214	7	news	news	NOUN
ajfa-14202	214	8	,	,	PUNCT
ajfa-14202	214	9	is	be	AUX
ajfa-14202	214	10	stronger	strong	ADJ
ajfa-14202	214	11	for	for	ADP
ajfa-14202	214	12	good	good	ADJ
ajfa-14202	214	13	news	news	NOUN
ajfa-14202	214	14	than	than	ADP
ajfa-14202	214	15	bad	bad	ADJ
ajfa-14202	214	16	news	news	NOUN
ajfa-14202	214	17	.	.	PUNCT
ajfa-14202	215	1	finally	finally	ADV
ajfa-14202	215	2	,	,	PUNCT
ajfa-14202	215	3	arch	arch	ADJ
ajfa-14202	215	4	lm	lm	X
ajfa-14202	215	5	test	test	NOUN
ajfa-14202	215	6	statistics	statistic	NOUN
ajfa-14202	215	7	discloses	disclose	VERB
ajfa-14202	215	8	that	that	SCONJ
ajfa-14202	215	9	the	the	DET
ajfa-14202	215	10	null	null	ADJ
ajfa-14202	215	11	hypothesis	hypothesis	NOUN
ajfa-14202	215	12	of	of	ADP
ajfa-14202	215	13	no	no	DET
ajfa-14202	215	14	arch	arch	ADJ
ajfa-14202	215	15	effects	effect	NOUN
ajfa-14202	215	16	is	be	AUX
ajfa-14202	215	17	accepted	accept	VERB
ajfa-14202	215	18	.	.	PUNCT
ajfa-14202	216	1	table	table	PROPN
ajfa-14202	216	2	vi	vi	PROPN
ajfa-14202	216	3	.	.	PUNCT
ajfa-14202	216	4	estimated	estimate	VERB
ajfa-14202	216	5	result	result	NOUN
ajfa-14202	216	6	of	of	ADP
ajfa-14202	216	7	e	e	PROPN
ajfa-14202	216	8	garch	garch	NOUN
ajfa-14202	216	9	(	(	PUNCT
ajfa-14202	216	10	1,1	1,1	NUM
ajfa-14202	216	11	)	)	PUNCT
ajfa-14202	216	12	model	model	NOUN
ajfa-14202	216	13	mean	mean	PROPN
ajfa-14202	216	14	egypt	egypt	PROPN
ajfa-14202	216	15	brazil	brazil	PROPN
ajfa-14202	216	16	saudi	saudi	PROPN
ajfa-14202	216	17	arabia	arabia	PROPN
ajfa-14202	216	18	south	south	PROPN
ajfa-14202	216	19	korea	korea	PROPN
ajfa-14202	216	20	south	south	PROPN
ajfa-14202	216	21	africa	africa	PROPN
ajfa-14202	216	22	philippines	philippines	PROPN
ajfa-14202	216	23	russia	russia	PROPN
ajfa-14202	216	24	vietnam	vietnam	PROPN
ajfa-14202	216	25	peru	peru	PROPN
ajfa-14202	216	26	iran	iran	PROPN
ajfa-14202	216	27	µ(constant	µ(constant	PROPN
ajfa-14202	216	28	)	)	PUNCT
ajfa-14202	216	29	0.02	0.02	NUM
ajfa-14202	216	30	0.01	0.01	NUM
ajfa-14202	216	31	0.13	0.13	NUM
ajfa-14202	216	32	0.01	0.01	NUM
ajfa-14202	216	33	0.01	0.01	NUM
ajfa-14202	216	34	0.01	0.01	NUM
ajfa-14202	216	35	0.00	0.00	NUM
ajfa-14202	216	36	0.01	0.01	NUM
ajfa-14202	216	37	0.01	0.01	NUM
ajfa-14202	216	38	0.00	0.00	NUM
ajfa-14202	216	39	ɯ(constant	ɯ(constant	ADJ
ajfa-14202	216	40	)	)	PUNCT
ajfa-14202	217	1	-1.00	-1.00	PROPN
ajfa-14202	217	2	-0.85	-0.85	PROPN
ajfa-14202	217	3	-0.18	-0.18	PRON
ajfa-14202	217	4	-0.15	-0.15	NUM
ajfa-14202	217	5	-0.95	-0.95	NUM
ajfa-14202	217	6	-0.66	-0.66	NUM
ajfa-14202	217	7	-0.69	-0.69	PROPN
ajfa-14202	217	8	-0.17	-0.17	PROPN
ajfa-14202	217	9	-0.49	-0.49	PROPN
ajfa-14202	217	10	-8.15	-8.15	NUM
ajfa-14202	217	11	α(arch	α(arch	NOUN
ajfa-14202	217	12	effects	effect	NOUN
ajfa-14202	217	13	)	)	PUNCT
ajfa-14202	217	14	-0.15	-0.15	NUM
ajfa-14202	217	15	-0.05	-0.05	NUM
ajfa-14202	217	16	-0.04	-0.04	NUM
ajfa-14202	217	17	0.0	0.0	NUM
ajfa-14202	217	18	-0.21	-0.21	PROPN
ajfa-14202	217	19	-0.05	-0.05	NUM
ajfa-14202	217	20	-0.04	-0.04	PROPN
ajfa-14202	217	21	-0.05	-0.05	NUM
ajfa-14202	217	22	-0.11	-0.11	NUM
ajfa-14202	217	23	-0.45	-0.45	NUM
ajfa-14202	217	24	b(garch	b(garch	NOUN
ajfa-14202	217	25	effects	effect	NOUN
ajfa-14202	217	26	)	)	PUNCT
ajfa-14202	217	27	0.78	0.78	NUM
ajfa-14202	217	28	0.84	0.84	NUM
ajfa-14202	217	29	0.96	0.96	NUM
ajfa-14202	217	30	0.98	0.98	NUM
ajfa-14202	217	31	0.86	0.86	NUM
ajfa-14202	217	32	0.88	0.88	NUM
ajfa-14202	217	33	0.87	0.87	NUM
ajfa-14202	217	34	0.97	0.97	NUM
ajfa-14202	217	35	0.90	0.90	NUM
ajfa-14202	217	36	-0.005	-0.005	PUNCT
ajfa-14202	217	37	gamma	gamma	NOUN
ajfa-14202	217	38	0.11	0.11	NUM
ajfa-14202	217	39	0.18	0.18	NUM
ajfa-14202	217	40	0.40	0.40	NUM
ajfa-14202	217	41	0.20	0.20	NUM
ajfa-14202	217	42	0.46	0.46	NUM
ajfa-14202	217	43	0.13	0.13	NUM
ajfa-14202	217	44	0.56	0.56	NUM
ajfa-14202	217	45	0.46	0.46	NUM
ajfa-14202	217	46	0.43	0.43	NUM
ajfa-14202	217	47	1.84	1.84	NUM
ajfa-14202	217	48	shape	shape	NOUN
ajfa-14202	217	49	5.62	5.62	NUM
ajfa-14202	217	50	0.99	0.99	NUM
ajfa-14202	217	51	29.12	29.12	NUM
ajfa-14202	217	52	4.62	4.62	NUM
ajfa-14202	217	53	0.99	0.99	NUM
ajfa-14202	217	54	8.59	8.59	NUM
ajfa-14202	217	55	62.31	62.31	NUM
ajfa-14202	217	56	4.97	4.97	NUM
ajfa-14202	217	57	11.40	11.40	NUM
ajfa-14202	217	58	2.1	2.1	NUM
ajfa-14202	217	59	log	log	NOUN
ajfa-14202	217	60	likelihood	likelihood	NOUN
ajfa-14202	217	61	141.75	141.75	NUM
ajfa-14202	217	62	204.13	204.13	NUM
ajfa-14202	217	63	188.47	188.47	NUM
ajfa-14202	217	64	259.45	259.45	NUM
ajfa-14202	217	65	281.717	281.717	NUM
ajfa-14202	217	66	239.99	239.99	NUM
ajfa-14202	217	67	190.50	190.50	NUM
ajfa-14202	217	68	176.81	176.81	NUM
ajfa-14202	217	69	166.55	166.55	NUM
ajfa-14202	217	70	502.43	502.43	NUM
ajfa-14202	217	71	akaike	akaike	ADJ
ajfa-14202	217	72	information	information	NOUN
ajfa-14202	217	73	criterion	criterion	NOUN
ajfa-14202	217	74	-1.75	-1.75	PROPN
ajfa-14202	217	75	-2.55	-2.55	PROPN
ajfa-14202	217	76	-2.35	-2.35	NUM
ajfa-14202	217	77	-3.27	-3.27	PROPN
ajfa-14202	217	78	-3.55	-3.55	PROPN
ajfa-14202	217	79	-3.01	-3.01	PROPN
ajfa-14202	217	80	-2.3	-2.3	PROPN
ajfa-14202	217	81	-2.20	-2.20	X
ajfa-14202	217	82	-2.07	-2.07	NUM
ajfa-14202	217	83	-6.40	-6.40	PROPN
ajfa-14202	217	84	schwarz	schwarz	PROPN
ajfa-14202	217	85	information	information	NOUN
ajfa-14202	217	86	criterion	criterion	NOUN
ajfa-14202	217	87	-1.75	-1.75	PROPN
ajfa-14202	217	88	-2.56	-2.56	NUM
ajfa-14202	217	89	-2.36	-2.36	X
ajfa-14202	217	90	-3.27	-3.27	NUM
ajfa-14202	217	91	-3.56	-3.56	PUNCT
ajfa-14202	217	92	-3.02	-3.02	PROPN
ajfa-14202	217	93	-2.3	-2.3	PROPN
ajfa-14202	217	94	-2.21	-2.21	PROPN
ajfa-14202	217	95	-2.07	-2.07	PROPN
ajfa-14202	217	96	-6.40	-6.40	DET
ajfa-14202	217	97	arch	arch	ADJ
ajfa-14202	217	98	-	-	PUNCT
ajfa-14202	217	99	lm	lm	NOUN
ajfa-14202	217	100	test	test	NOUN
ajfa-14202	217	101	stat	stat	NOUN
ajfa-14202	217	102	1.64	1.64	NUM
ajfa-14202	217	103	2.42	2.42	NUM
ajfa-14202	217	104	0.18	0.18	NUM
ajfa-14202	217	105	0.56	0.56	NUM
ajfa-14202	217	106	2.69	2.69	NUM
ajfa-14202	217	107	3.18	3.18	NUM
ajfa-14202	217	108	0.65	0.65	NUM
ajfa-14202	217	109	0.63	0.63	NUM
ajfa-14202	217	110	1.14	1.14	NUM
ajfa-14202	217	111	0.01	0.01	NUM
ajfa-14202	217	112	asian	asian	ADJ
ajfa-14202	217	113	journal	journal	NOUN
ajfa-14202	217	114	of	of	ADP
ajfa-14202	217	115	finance	finance	PROPN
ajfa-14202	217	116	&	&	CCONJ
ajfa-14202	217	117	accounting	accounting	PROPN
ajfa-14202	217	118	issn	issn	PROPN
ajfa-14202	217	119	1946	1946	NUM
ajfa-14202	217	120	-	-	PUNCT
ajfa-14202	217	121	052x	052x	PROPN
ajfa-14202	217	122	2019	2019	NUM
ajfa-14202	217	123	,	,	PUNCT
ajfa-14202	217	124	vol	vol	NOUN
ajfa-14202	217	125	.	.	PROPN
ajfa-14202	218	1	11	11	NUM
ajfa-14202	218	2	,	,	PUNCT
ajfa-14202	218	3	no	no	INTJ
ajfa-14202	218	4	.	.	NOUN
ajfa-14202	218	5	1	1	NUM
ajfa-14202	218	6	55	55	NUM
ajfa-14202	218	7	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	218	8	prob	prob	NOUN
ajfa-14202	218	9	0.55	0.55	NUM
ajfa-14202	218	10	0.38	0.38	NUM
ajfa-14202	218	11	0.96	0.96	NUM
ajfa-14202	218	12	0.45	0.45	NUM
ajfa-14202	218	13	0.33	0.33	NUM
ajfa-14202	218	14	0.26	0.26	NUM
ajfa-14202	218	15	0.83	0.83	NUM
ajfa-14202	218	16	0.42	0.42	NUM
ajfa-14202	218	17	0.69	0.69	NUM
ajfa-14202	218	18	0.99	0.99	NUM
ajfa-14202	218	19	4.6	4.6	NUM
ajfa-14202	218	20	tgarch	tgarch	NOUN
ajfa-14202	218	21	(	(	PUNCT
ajfa-14202	218	22	1,1	1,1	NUM
ajfa-14202	218	23	)	)	PUNCT
ajfa-14202	218	24	an	an	DET
ajfa-14202	218	25	alternate	alternate	ADJ
ajfa-14202	218	26	model	model	NOUN
ajfa-14202	218	27	to	to	PART
ajfa-14202	218	28	test	test	VERB
ajfa-14202	218	29	for	for	ADP
ajfa-14202	218	30	asymmetric	asymmetric	ADJ
ajfa-14202	218	31	volatility	volatility	NOUN
ajfa-14202	218	32	is	be	AUX
ajfa-14202	218	33	tgarch	tgarch	NOUN
ajfa-14202	218	34	shown	show	VERB
ajfa-14202	218	35	in	in	ADP
ajfa-14202	218	36	table	table	NOUN
ajfa-14202	218	37	vii	vii	PROPN
ajfa-14202	218	38	.	.	PUNCT
ajfa-14202	219	1	it	it	PRON
ajfa-14202	219	2	has	have	AUX
ajfa-14202	219	3	been	be	AUX
ajfa-14202	219	4	found	find	VERB
ajfa-14202	219	5	that	that	SCONJ
ajfa-14202	219	6	coefficient	coefficient	NOUN
ajfa-14202	219	7	of	of	ADP
ajfa-14202	219	8	leverage	leverage	NOUN
ajfa-14202	219	9	effect	effect	NOUN
ajfa-14202	219	10	is	be	AUX
ajfa-14202	219	11	positive	positive	ADJ
ajfa-14202	219	12	and	and	CCONJ
ajfa-14202	219	13	significant	significant	ADJ
ajfa-14202	219	14	at	at	ADP
ajfa-14202	219	15	1	1	NUM
ajfa-14202	219	16	%	%	NOUN
ajfa-14202	219	17	level	level	NOUN
ajfa-14202	219	18	for	for	ADP
ajfa-14202	219	19	peru	peru	PROPN
ajfa-14202	219	20	,	,	PUNCT
ajfa-14202	219	21	south	south	PROPN
ajfa-14202	219	22	africa	africa	PROPN
ajfa-14202	219	23	,	,	PUNCT
ajfa-14202	219	24	iran	iran	PROPN
ajfa-14202	219	25	,	,	PUNCT
ajfa-14202	219	26	colombia	colombia	PROPN
ajfa-14202	219	27	which	which	PRON
ajfa-14202	219	28	implies	imply	VERB
ajfa-14202	219	29	that	that	PRON
ajfa-14202	219	30	bad	bad	ADJ
ajfa-14202	219	31	news	news	NOUN
ajfa-14202	219	32	or	or	CCONJ
ajfa-14202	219	33	negative	negative	ADJ
ajfa-14202	219	34	shocks	shock	NOUN
ajfa-14202	219	35	have	have	VERB
ajfa-14202	219	36	greater	great	ADJ
ajfa-14202	219	37	effect	effect	NOUN
ajfa-14202	219	38	on	on	ADP
ajfa-14202	219	39	conditional	conditional	ADJ
ajfa-14202	219	40	variance	variance	NOUN
ajfa-14202	219	41	than	than	ADP
ajfa-14202	219	42	positive	positive	ADJ
ajfa-14202	219	43	shocks	shock	NOUN
ajfa-14202	219	44	or	or	CCONJ
ajfa-14202	219	45	good	good	ADJ
ajfa-14202	219	46	news	news	NOUN
ajfa-14202	219	47	.	.	PUNCT
ajfa-14202	220	1	in	in	ADP
ajfa-14202	220	2	other	other	ADJ
ajfa-14202	220	3	words	word	NOUN
ajfa-14202	220	4	,	,	PUNCT
ajfa-14202	220	5	negative	negative	ADJ
ajfa-14202	220	6	shock	shock	NOUN
ajfa-14202	220	7	stimulates	stimulate	VERB
ajfa-14202	220	8	a	a	DET
ajfa-14202	220	9	larger	large	ADJ
ajfa-14202	220	10	raise	raise	NOUN
ajfa-14202	220	11	in	in	ADP
ajfa-14202	220	12	volatility	volatility	NOUN
ajfa-14202	220	13	greater	great	ADJ
ajfa-14202	220	14	than	than	ADP
ajfa-14202	220	15	the	the	DET
ajfa-14202	220	16	positive	positive	ADJ
ajfa-14202	220	17	shocks	shock	NOUN
ajfa-14202	220	18	.	.	PUNCT
ajfa-14202	221	1	it	it	PRON
ajfa-14202	221	2	also	also	ADV
ajfa-14202	221	3	implies	imply	VERB
ajfa-14202	221	4	that	that	SCONJ
ajfa-14202	221	5	in	in	ADP
ajfa-14202	221	6	these	these	DET
ajfa-14202	221	7	countries	country	NOUN
ajfa-14202	221	8	the	the	DET
ajfa-14202	221	9	distribution	distribution	NOUN
ajfa-14202	221	10	of	of	ADP
ajfa-14202	221	11	the	the	DET
ajfa-14202	221	12	variance	variance	NOUN
ajfa-14202	221	13	is	be	AUX
ajfa-14202	221	14	skewed	skew	VERB
ajfa-14202	221	15	to	to	ADP
ajfa-14202	221	16	the	the	DET
ajfa-14202	221	17	left	left	NOUN
ajfa-14202	221	18	and	and	CCONJ
ajfa-14202	221	19	there	there	PRON
ajfa-14202	221	20	are	be	VERB
ajfa-14202	221	21	higher	high	ADJ
ajfa-14202	221	22	chances	chance	NOUN
ajfa-14202	221	23	of	of	ADP
ajfa-14202	221	24	negative	negative	ADJ
ajfa-14202	221	25	returns	return	NOUN
ajfa-14202	221	26	.	.	PUNCT
ajfa-14202	222	1	the	the	DET
ajfa-14202	222	2	positive	positive	ADJ
ajfa-14202	222	3	asymmetric	asymmetric	ADJ
ajfa-14202	222	4	coefficient	coefficient	NOUN
ajfa-14202	222	5	points	point	VERB
ajfa-14202	222	6	out	out	ADP
ajfa-14202	222	7	to	to	ADP
ajfa-14202	222	8	the	the	DET
ajfa-14202	222	9	leverage	leverage	NOUN
ajfa-14202	222	10	effects	effect	NOUN
ajfa-14202	222	11	in	in	ADP
ajfa-14202	222	12	the	the	DET
ajfa-14202	222	13	above	above	ADV
ajfa-14202	222	14	mentioned	mention	VERB
ajfa-14202	222	15	countries	country	NOUN
ajfa-14202	222	16	.	.	PUNCT
ajfa-14202	223	1	the	the	DET
ajfa-14202	223	2	coefficient	coefficient	NOUN
ajfa-14202	223	3	gamma	gamma	NOUN
ajfa-14202	223	4	in	in	ADP
ajfa-14202	223	5	the	the	DET
ajfa-14202	223	6	model	model	NOUN
ajfa-14202	223	7	also	also	ADV
ajfa-14202	223	8	established	establish	VERB
ajfa-14202	223	9	the	the	DET
ajfa-14202	223	10	asymmetric	asymmetric	ADJ
ajfa-14202	223	11	effect	effect	NOUN
ajfa-14202	223	12	as	as	SCONJ
ajfa-14202	223	13	it	it	PRON
ajfa-14202	223	14	is	be	AUX
ajfa-14202	223	15	positive	positive	ADJ
ajfa-14202	223	16	for	for	ADP
ajfa-14202	223	17	all	all	DET
ajfa-14202	223	18	the	the	DET
ajfa-14202	223	19	countries	country	NOUN
ajfa-14202	223	20	considered	consider	VERB
ajfa-14202	223	21	in	in	ADP
ajfa-14202	223	22	the	the	DET
ajfa-14202	223	23	study	study	NOUN
ajfa-14202	223	24	and	and	CCONJ
ajfa-14202	223	25	hence	hence	ADV
ajfa-14202	223	26	the	the	DET
ajfa-14202	223	27	hypothesis	hypothesis	NOUN
ajfa-14202	223	28	of	of	ADP
ajfa-14202	223	29	asymmetry	asymmetry	NOUN
ajfa-14202	223	30	is	be	AUX
ajfa-14202	223	31	accepted	accept	VERB
ajfa-14202	223	32	.	.	PUNCT
ajfa-14202	224	1	table	table	NOUN
ajfa-14202	224	2	vii	vii	PROPN
ajfa-14202	224	3	.	.	PUNCT
ajfa-14202	225	1	estimated	estimate	VERB
ajfa-14202	225	2	result	result	NOUN
ajfa-14202	225	3	of	of	ADP
ajfa-14202	225	4	t	t	PROPN
ajfa-14202	225	5	garch	garch	NOUN
ajfa-14202	225	6	(	(	PUNCT
ajfa-14202	225	7	1	1	NUM
ajfa-14202	225	8	,	,	PUNCT
ajfa-14202	225	9	1	1	X
ajfa-14202	225	10	)	)	PUNCT
ajfa-14202	225	11	model	model	NOUN
ajfa-14202	225	12	4.7	4.7	NUM
ajfa-14202	225	13	news	news	NOUN
ajfa-14202	225	14	impact	impact	NOUN
ajfa-14202	225	15	curves	curve	NOUN
ajfa-14202	225	16	(	(	PUNCT
ajfa-14202	225	17	nic	nic	ADJ
ajfa-14202	225	18	)	)	PUNCT
ajfa-14202	225	19	nic	nic	PROPN
ajfa-14202	225	20	curves	curve	NOUN
ajfa-14202	225	21	below	below	ADP
ajfa-14202	225	22	presents	present	VERB
ajfa-14202	225	23	the	the	DET
ajfa-14202	225	24	impact	impact	NOUN
ajfa-14202	225	25	of	of	ADP
ajfa-14202	225	26	news	news	NOUN
ajfa-14202	225	27	on	on	ADP
ajfa-14202	225	28	volatility	volatility	NOUN
ajfa-14202	225	29	in	in	ADP
ajfa-14202	225	30	the	the	DET
ajfa-14202	225	31	best	well	ADV
ajfa-14202	225	32	fitted	fit	VERB
ajfa-14202	225	33	asymmetric	asymmetric	ADJ
ajfa-14202	225	34	models	model	NOUN
ajfa-14202	225	35	.	.	PUNCT
ajfa-14202	226	1	the	the	DET
ajfa-14202	226	2	news	news	NOUN
ajfa-14202	226	3	impact	impact	NOUN
ajfa-14202	226	4	curves	curve	NOUN
ajfa-14202	226	5	indicate	indicate	VERB
ajfa-14202	226	6	that	that	SCONJ
ajfa-14202	226	7	bad	bad	ADJ
ajfa-14202	226	8	news	news	NOUN
ajfa-14202	226	9	have	have	VERB
ajfa-14202	226	10	more	more	ADJ
ajfa-14202	226	11	impact	impact	NOUN
ajfa-14202	226	12	on	on	ADP
ajfa-14202	226	13	volatility	volatility	NOUN
ajfa-14202	226	14	than	than	ADP
ajfa-14202	226	15	good	good	ADJ
ajfa-14202	226	16	news	news	PROPN
ajfa-14202	226	17	mean	mean	PROPN
ajfa-14202	226	18	egypt	egypt	PROPN
ajfa-14202	226	19	brazil	brazil	PROPN
ajfa-14202	226	20	colom	colom	PROPN
ajfa-14202	226	21	bia	bia	PROPN
ajfa-14202	226	22	saudi	saudi	PROPN
ajfa-14202	226	23	arabia	arabia	PROPN
ajfa-14202	226	24	south	south	PROPN
ajfa-14202	226	25	korea	korea	PROPN
ajfa-14202	226	26	south	south	PROPN
ajfa-14202	226	27	africa	africa	PROPN
ajfa-14202	226	28	hungary	hungary	PROPN
ajfa-14202	226	29	philip	philip	PROPN
ajfa-14202	226	30	pines	pines	PROPN
ajfa-14202	226	31	russia	russia	PROPN
ajfa-14202	226	32	vietnam	vietnam	PROPN
ajfa-14202	226	33	peru	peru	PROPN
ajfa-14202	226	34	poland	poland	PROPN
ajfa-14202	226	35	iran	iran	PROPN
ajfa-14202	226	36	µ(constant	µ(constant	PROPN
ajfa-14202	226	37	)	)	PUNCT
ajfa-14202	226	38	0.02	0.02	NUM
ajfa-14202	226	39	0.01	0.01	NUM
ajfa-14202	226	40	0.00	0.00	NUM
ajfa-14202	226	41	0.01	0.01	NUM
ajfa-14202	226	42	0.00	0.00	NUM
ajfa-14202	226	43	0.01	0.01	NUM
ajfa-14202	226	44	0.01	0.01	NUM
ajfa-14202	226	45	0.01	0.01	NUM
ajfa-14202	226	46	0.01	0.01	NUM
ajfa-14202	226	47	0.00	0.00	NUM
ajfa-14202	226	48	0.00	0.00	NUM
ajfa-14202	226	49	0.00	0.00	NUM
ajfa-14202	226	50	0.01	0.01	NUM
ajfa-14202	226	51	ɯ(constant	ɯ(constant	NOUN
ajfa-14202	226	52	)	)	PUNCT
ajfa-14202	226	53	0.00	0.00	NUM
ajfa-14202	226	54	0.00	0.00	NUM
ajfa-14202	226	55	0.00	0.00	NUM
ajfa-14202	226	56	0.00	0.00	NUM
ajfa-14202	226	57	0.00	0.00	NUM
ajfa-14202	226	58	0.00	0.00	NUM
ajfa-14202	226	59	0.00	0.00	NUM
ajfa-14202	226	60	0.00	0.00	NUM
ajfa-14202	226	61	0.00	0.00	NUM
ajfa-14202	226	62	0.00	0.00	NUM
ajfa-14202	226	63	0.00	0.00	NUM
ajfa-14202	226	64	0.00	0.00	NUM
ajfa-14202	226	65	0.00	0.00	NUM
ajfa-14202	226	66	1(arch	1(arch	NUM
ajfa-14202	226	67	effects	effect	NOUN
ajfa-14202	226	68	)	)	PUNCT
ajfa-14202	226	69	0.00	0.00	NUM
ajfa-14202	226	70	0.00	0.00	NUM
ajfa-14202	226	71	0.00	0.00	NUM
ajfa-14202	226	72	0.23	0.23	NUM
ajfa-14202	226	73	0.06	0.06	NUM
ajfa-14202	226	74	0.16	0.16	NUM
ajfa-14202	226	75	0.00	0.00	NUM
ajfa-14202	226	76	0.00	0.00	NUM
ajfa-14202	226	77	0.36	0.36	NUM
ajfa-14202	226	78	0.29	0.29	NUM
ajfa-14202	226	79	0.00	0.00	NUM
ajfa-14202	226	80	0.03	0.03	NUM
ajfa-14202	226	81	0.24	0.24	NUM
ajfa-14202	226	82	β1(garch	β1(garch	NOUN
ajfa-14202	226	83	effects	effect	NOUN
ajfa-14202	226	84	)	)	PUNCT
ajfa-14202	226	85	1.00	1.00	NUM
ajfa-14202	226	86	1.00	1.00	NUM
ajfa-14202	226	87	0.74	0.74	NUM
ajfa-14202	226	88	0.79	0.79	NUM
ajfa-14202	226	89	0.93	0.93	NUM
ajfa-14202	226	90	0.61	0.61	NUM
ajfa-14202	226	91	0.83	0.83	NUM
ajfa-14202	226	92	0.77	0.77	NUM
ajfa-14202	226	93	0.48	0.48	NUM
ajfa-14202	226	94	0.76	0.76	NUM
ajfa-14202	226	95	0.80	0.80	NUM
ajfa-14202	226	96	0.80	0.80	NUM
ajfa-14202	226	97	0.92	0.92	NUM
ajfa-14202	226	98	gamma	gamma	NOUN
ajfa-14202	226	99	-0.007	-0.007	PROPN
ajfa-14202	226	100	-0.04	-0.04	NUM
ajfa-14202	226	101	0.39	0.39	NUM
ajfa-14202	226	102	-0.06	-0.06	NUM
ajfa-14202	226	103	0.00	0.00	NUM
ajfa-14202	226	104	0.32	0.32	NUM
ajfa-14202	226	105	0.12	0.12	NUM
ajfa-14202	226	106	0.15	0.15	NUM
ajfa-14202	226	107	0.11	0.11	NUM
ajfa-14202	226	108	-0.15	-0.15	NUM
ajfa-14202	226	109	0.29	0.29	NUM
ajfa-14202	226	110	0.17	0.17	NUM
ajfa-14202	226	111	0.05	0.05	NUM
ajfa-14202	226	112	shape	shape	NOUN
ajfa-14202	226	113	1.28	1.28	NUM
ajfa-14202	226	114	1.93	1.93	NUM
ajfa-14202	226	115	2.45	2.45	NUM
ajfa-14202	226	116	2.00	2.00	NUM
ajfa-14202	226	117	1.07	1.07	NUM
ajfa-14202	226	118	3.89	3.89	NUM
ajfa-14202	226	119	1.35	1.35	NUM
ajfa-14202	226	120	1.61	1.61	NUM
ajfa-14202	226	121	1.96	1.96	NUM
ajfa-14202	226	122	1.24	1.24	NUM
ajfa-14202	226	123	1.44	1.44	NUM
ajfa-14202	226	124	1.72	1.72	NUM
ajfa-14202	226	125	2	2	NUM
ajfa-14202	226	126	log	log	NOUN
ajfa-14202	226	127	likelihood	likelihood	NOUN
ajfa-14202	227	1	143.223	143.223	NUM
ajfa-14202	228	1	204.67	204.67	NUM
ajfa-14202	228	2	303.62	303.62	NUM
ajfa-14202	228	3	191.224	191.224	NUM
ajfa-14202	228	4	262.76	262.76	NUM
ajfa-14202	228	5	286.77	286.77	NUM
ajfa-14202	228	6	209.01	209.01	NUM
ajfa-14202	228	7	239.83	239.83	NUM
ajfa-14202	228	8	190.38	190.38	NUM
ajfa-14202	228	9	180.12	180.12	NUM
ajfa-14202	228	10	172.97	172.97	NUM
ajfa-14202	228	11	235.31	235.31	NUM
ajfa-14202	228	12	538.91	538.91	NUM
ajfa-14202	228	13	akaike	akaike	ADJ
ajfa-14202	228	14	information	information	NOUN
ajfa-14202	228	15	criterion	criterion	NOUN
ajfa-14202	228	16	-1.74	-1.74	PUNCT
ajfa-14202	228	17	-2.54	-2.54	NOUN
ajfa-14202	228	18	-3.81	-3.81	NUM
ajfa-14202	228	19	-2.36	-2.36	NOUN
ajfa-14202	228	20	-3.28	-3.28	NUM
ajfa-14202	228	21	-3.59	-3.59	NUM
ajfa-14202	228	22	-2.62	-2.62	NUM
ajfa-14202	228	23	-2.99	-2.99	NOUN
ajfa-14202	228	24	-2.35	-2.35	NOUN
ajfa-14202	228	25	-2.22	-2.22	PUNCT
ajfa-14202	228	26	-2.12	-2.12	NUM
ajfa-14202	228	27	-2.93	-2.93	NUM
ajfa-14202	228	28	-6.87	-6.87	DET
ajfa-14202	228	29	schwarz	schwarz	PROPN
ajfa-14202	228	30	information	information	NOUN
ajfa-14202	228	31	criterion	criterion	NOUN
ajfa-14202	228	32	-1.75	-1.75	PROPN
ajfa-14202	228	33	-2.54	-2.54	NOUN
ajfa-14202	229	1	-3.81	-3.81	PRON
ajfa-14202	229	2	-2.37	-2.37	NUM
ajfa-14202	229	3	-3.29	-3.29	PROPN
ajfa-14202	229	4	-3.60	-3.60	NUM
ajfa-14202	229	5	-2.63	-2.63	NOUN
ajfa-14202	229	6	-2.99	-2.99	NOUN
ajfa-14202	229	7	-2.35	-2.35	NOUN
ajfa-14202	229	8	-2.22	-2.22	PRON
ajfa-14202	229	9	-2.13	-2.13	NUM
ajfa-14202	229	10	-2.93	-2.93	NUM
ajfa-14202	229	11	-6.87	-6.87	PRON
ajfa-14202	229	12	arch	arch	NOUN
ajfa-14202	229	13	-	-	PUNCT
ajfa-14202	229	14	lm	lm	PROPN
ajfa-14202	229	15	0.70	0.70	NUM
ajfa-14202	229	16	0.74	0.74	NUM
ajfa-14202	229	17	3.114	3.114	NUM
ajfa-14202	229	18	0.52	0.52	NUM
ajfa-14202	229	19	0.63	0.63	NUM
ajfa-14202	229	20	1.56	1.56	NUM
ajfa-14202	229	21	2.72	2.72	NUM
ajfa-14202	229	22	3.38	3.38	NUM
ajfa-14202	229	23	0.65	0.65	NUM
ajfa-14202	229	24	0.155	0.155	NUM
ajfa-14202	229	25	0.56	0.56	NUM
ajfa-14202	229	26	1.41	1.41	NUM
ajfa-14202	229	27	0.02	0.02	NUM
ajfa-14202	229	28	p	p	ADJ
ajfa-14202	229	29	-	-	PUNCT
ajfa-14202	229	30	value	value	NOUN
ajfa-14202	229	31	0.82	0.82	NUM
ajfa-14202	229	32	0.80	0.80	NUM
ajfa-14202	229	33	0.27	0.27	NUM
ajfa-14202	229	34	0.87	0.87	NUM
ajfa-14202	229	35	0.42	0.42	NUM
ajfa-14202	229	36	0.57	0.57	NUM
ajfa-14202	229	37	0.32	0.32	NUM
ajfa-14202	229	38	0.23	0.23	NUM
ajfa-14202	229	39	0.83	0.83	NUM
ajfa-14202	229	40	0.69	0.69	NUM
ajfa-14202	229	41	0.96	0.96	NUM
ajfa-14202	229	42	0.61	0.61	NUM
ajfa-14202	229	43	0.99	0.99	NUM
ajfa-14202	229	44	asian	asian	ADJ
ajfa-14202	229	45	journal	journal	NOUN
ajfa-14202	229	46	of	of	ADP
ajfa-14202	229	47	finance	finance	PROPN
ajfa-14202	229	48	&	&	CCONJ
ajfa-14202	229	49	accounting	accounting	PROPN
ajfa-14202	229	50	issn	issn	PROPN
ajfa-14202	229	51	1946	1946	NUM
ajfa-14202	229	52	-	-	PUNCT
ajfa-14202	229	53	052x	052x	PROPN
ajfa-14202	229	54	2019	2019	NUM
ajfa-14202	229	55	,	,	PUNCT
ajfa-14202	229	56	vol	vol	NOUN
ajfa-14202	229	57	.	.	PROPN
ajfa-14202	229	58	11	11	NUM
ajfa-14202	229	59	,	,	PUNCT
ajfa-14202	229	60	no	no	INTJ
ajfa-14202	229	61	.	.	NOUN
ajfa-14202	229	62	1	1	NUM
ajfa-14202	229	63	56	56	NUM
ajfa-14202	229	64	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	229	65	in	in	ADP
ajfa-14202	229	66	peru	peru	PROPN
ajfa-14202	229	67	,	,	PUNCT
ajfa-14202	229	68	iran	iran	PROPN
ajfa-14202	229	69	,	,	PUNCT
ajfa-14202	229	70	south	south	PROPN
ajfa-14202	229	71	africa	africa	PROPN
ajfa-14202	229	72	,	,	PUNCT
ajfa-14202	229	73	colombia	colombia	PROPN
ajfa-14202	229	74	and	and	CCONJ
ajfa-14202	229	75	egypt	egypt	PROPN
ajfa-14202	229	76	.	.	PUNCT
ajfa-14202	230	1	this	this	PRON
ajfa-14202	230	2	is	be	AUX
ajfa-14202	230	3	validated	validate	VERB
ajfa-14202	230	4	in	in	ADP
ajfa-14202	230	5	the	the	DET
ajfa-14202	230	6	findings	finding	NOUN
ajfa-14202	230	7	presented	present	VERB
ajfa-14202	230	8	in	in	ADP
ajfa-14202	230	9	figure	figure	NOUN
ajfa-14202	230	10	i.	i.	NOUN
ajfa-14202	230	11	the	the	DET
ajfa-14202	230	12	graphs	graph	NOUN
ajfa-14202	230	13	indicate	indicate	VERB
ajfa-14202	230	14	that	that	DET
ajfa-14202	230	15	responsiveness	responsiveness	NOUN
ajfa-14202	230	16	of	of	ADP
ajfa-14202	230	17	future	future	ADJ
ajfa-14202	230	18	volatility	volatility	NOUN
ajfa-14202	230	19	in	in	ADP
ajfa-14202	230	20	stock	stock	NOUN
ajfa-14202	230	21	returns	return	NOUN
ajfa-14202	230	22	vis	vis	X
ajfa-14202	230	23	-	-	PUNCT
ajfa-14202	230	24	a	a	X
ajfa-14202	230	25	-	-	PUNCT
ajfa-14202	230	26	vis	vis	X
ajfa-14202	230	27	the	the	DET
ajfa-14202	230	28	current	current	ADJ
ajfa-14202	230	29	period	period	NOUN
ajfa-14202	230	30	news	news	NOUN
ajfa-14202	230	31	(	(	PUNCT
ajfa-14202	230	32	shocks	shock	NOUN
ajfa-14202	230	33	)	)	PUNCT
ajfa-14202	230	34	and	and	CCONJ
ajfa-14202	230	35	are	be	AUX
ajfa-14202	230	36	determined	determine	VERB
ajfa-14202	230	37	from	from	ADP
ajfa-14202	230	38	the	the	DET
ajfa-14202	230	39	residuals	residual	NOUN
ajfa-14202	230	40	of	of	ADP
ajfa-14202	230	41	the	the	DET
ajfa-14202	230	42	models	model	NOUN
ajfa-14202	230	43	.	.	PUNCT
ajfa-14202	231	1	the	the	DET
ajfa-14202	231	2	positive	positive	ADJ
ajfa-14202	231	3	slope	slope	NOUN
ajfa-14202	231	4	of	of	ADP
ajfa-14202	231	5	the	the	DET
ajfa-14202	231	6	nic	nic	PROPN
ajfa-14202	231	7	of	of	ADP
ajfa-14202	231	8	the	the	DET
ajfa-14202	231	9	symmetric	symmetric	ADJ
ajfa-14202	231	10	models	model	NOUN
ajfa-14202	231	11	measures	measure	VERB
ajfa-14202	231	12	the	the	DET
ajfa-14202	231	13	level	level	NOUN
ajfa-14202	231	14	of	of	ADP
ajfa-14202	231	15	confidence	confidence	NOUN
ajfa-14202	231	16	in	in	ADP
ajfa-14202	231	17	the	the	DET
ajfa-14202	231	18	market	market	NOUN
ajfa-14202	231	19	.	.	PUNCT
ajfa-14202	232	1	the	the	DET
ajfa-14202	232	2	upward	upward	ADJ
ajfa-14202	232	3	trend	trend	NOUN
ajfa-14202	232	4	of	of	ADP
ajfa-14202	232	5	the	the	DET
ajfa-14202	232	6	nic	nic	PROPN
ajfa-14202	232	7	on	on	ADP
ajfa-14202	232	8	the	the	DET
ajfa-14202	232	9	positive	positive	ADJ
ajfa-14202	232	10	side	side	NOUN
ajfa-14202	232	11	of	of	ADP
ajfa-14202	232	12	the	the	DET
ajfa-14202	232	13	shocks	shock	NOUN
ajfa-14202	232	14	depicts	depict	VERB
ajfa-14202	232	15	increasing	increase	VERB
ajfa-14202	232	16	confidence	confidence	NOUN
ajfa-14202	232	17	in	in	ADP
ajfa-14202	232	18	the	the	DET
ajfa-14202	232	19	stock	stock	NOUN
ajfa-14202	232	20	markets	market	NOUN
ajfa-14202	232	21	of	of	ADP
ajfa-14202	232	22	russia	russia	PROPN
ajfa-14202	232	23	,	,	PUNCT
ajfa-14202	232	24	saudi	saudi	PROPN
ajfa-14202	232	25	arabia	arabia	PROPN
ajfa-14202	232	26	and	and	CCONJ
ajfa-14202	232	27	vietnam	vietnam	PROPN
ajfa-14202	232	28	.	.	PUNCT
ajfa-14202	233	1	this	this	PRON
ajfa-14202	233	2	is	be	AUX
ajfa-14202	233	3	an	an	DET
ajfa-14202	233	4	indication	indication	NOUN
ajfa-14202	233	5	of	of	ADP
ajfa-14202	233	6	a	a	DET
ajfa-14202	233	7	well	well	ADV
ajfa-14202	233	8	fitted	fit	VERB
ajfa-14202	233	9	model	model	NOUN
ajfa-14202	233	10	and	and	CCONJ
ajfa-14202	233	11	is	be	AUX
ajfa-14202	233	12	similar	similar	ADJ
ajfa-14202	233	13	to	to	ADP
ajfa-14202	233	14	research	research	NOUN
ajfa-14202	233	15	findings	finding	NOUN
ajfa-14202	233	16	of	of	ADP
ajfa-14202	233	17	(	(	PUNCT
ajfa-14202	233	18	ai,2011	ai,2011	NOUN
ajfa-14202	233	19	)	)	PUNCT
ajfa-14202	233	20	,	,	PUNCT
ajfa-14202	233	21	(	(	PUNCT
ajfa-14202	233	22	eric	eric	PROPN
ajfa-14202	233	23	2008	2008	NUM
ajfa-14202	233	24	)	)	PUNCT
ajfa-14202	233	25	and	and	CCONJ
ajfa-14202	233	26	hojatallah	hojatallah	NOUN
ajfa-14202	233	27	(	(	PUNCT
ajfa-14202	233	28	2011	2011	NUM
ajfa-14202	233	29	)	)	PUNCT
ajfa-14202	233	30	.	.	PUNCT
ajfa-14202	234	1	a	a	DET
ajfa-14202	234	2	positive	positive	ADJ
ajfa-14202	234	3	return	return	NOUN
ajfa-14202	234	4	shock	shock	NOUN
ajfa-14202	234	5	does	do	AUX
ajfa-14202	234	6	not	not	PART
ajfa-14202	234	7	seem	seem	VERB
ajfa-14202	234	8	to	to	PART
ajfa-14202	234	9	have	have	VERB
ajfa-14202	234	10	much	much	ADJ
ajfa-14202	234	11	impact	impact	NOUN
ajfa-14202	234	12	on	on	ADP
ajfa-14202	234	13	conditional	conditional	ADJ
ajfa-14202	234	14	volatility	volatility	NOUN
ajfa-14202	234	15	.	.	PUNCT
ajfa-14202	235	1	in	in	ADP
ajfa-14202	235	2	other	other	ADJ
ajfa-14202	235	3	words	word	NOUN
ajfa-14202	235	4	,	,	PUNCT
ajfa-14202	235	5	when	when	SCONJ
ajfa-14202	235	6	the	the	DET
ajfa-14202	235	7	stock	stock	NOUN
ajfa-14202	235	8	market	market	NOUN
ajfa-14202	235	9	experiences	experience	VERB
ajfa-14202	235	10	a	a	DET
ajfa-14202	235	11	sharp	sharp	ADJ
ajfa-14202	235	12	decline	decline	NOUN
ajfa-14202	235	13	,	,	PUNCT
ajfa-14202	235	14	the	the	DET
ajfa-14202	235	15	large	large	ADJ
ajfa-14202	235	16	negative	negative	ADJ
ajfa-14202	235	17	return	return	NOUN
ajfa-14202	235	18	shock	shock	NOUN
ajfa-14202	235	19	leads	lead	VERB
ajfa-14202	235	20	to	to	ADP
ajfa-14202	235	21	high	high	ADJ
ajfa-14202	235	22	volatility	volatility	NOUN
ajfa-14202	235	23	.	.	PUNCT
ajfa-14202	236	1	when	when	SCONJ
ajfa-14202	236	2	the	the	DET
ajfa-14202	236	3	market	market	NOUN
ajfa-14202	236	4	re	re	VERB
ajfa-14202	236	5	-	-	NOUN
ajfa-14202	236	6	bounds	bound	VERB
ajfa-14202	236	7	the	the	DET
ajfa-14202	236	8	large	large	ADJ
ajfa-14202	236	9	positive	positive	ADJ
ajfa-14202	236	10	returns	return	NOUN
ajfa-14202	236	11	does	do	AUX
ajfa-14202	236	12	not	not	PART
ajfa-14202	236	13	seem	seem	VERB
ajfa-14202	236	14	to	to	PART
ajfa-14202	236	15	reduce	reduce	VERB
ajfa-14202	236	16	the	the	DET
ajfa-14202	236	17	volatility	volatility	NOUN
ajfa-14202	236	18	immediately	immediately	ADV
ajfa-14202	236	19	.	.	PUNCT
ajfa-14202	237	1	thus	thus	ADV
ajfa-14202	237	2	high	high	ADJ
ajfa-14202	237	3	volatility	volatility	NOUN
ajfa-14202	237	4	could	could	AUX
ajfa-14202	237	5	not	not	PART
ajfa-14202	237	6	be	be	AUX
ajfa-14202	237	7	reduced	reduce	VERB
ajfa-14202	237	8	quickly	quickly	ADV
ajfa-14202	237	9	with	with	ADP
ajfa-14202	237	10	large	large	ADJ
ajfa-14202	237	11	positive	positive	ADJ
ajfa-14202	237	12	return	return	NOUN
ajfa-14202	237	13	shocks	shock	NOUN
ajfa-14202	237	14	and	and	CCONJ
ajfa-14202	237	15	there	there	PRON
ajfa-14202	237	16	is	be	VERB
ajfa-14202	237	17	high	high	ADJ
ajfa-14202	237	18	persistence	persistence	NOUN
ajfa-14202	237	19	as	as	ADP
ajfa-14202	237	20	per	per	ADP
ajfa-14202	237	21	the	the	DET
ajfa-14202	237	22	results	result	NOUN
ajfa-14202	237	23	of	of	ADP
ajfa-14202	237	24	the	the	DET
ajfa-14202	237	25	study	study	NOUN
ajfa-14202	237	26	.	.	PUNCT
ajfa-14202	238	1	asian	asian	ADJ
ajfa-14202	238	2	journal	journal	PROPN
ajfa-14202	238	3	of	of	ADP
ajfa-14202	238	4	finance	finance	PROPN
ajfa-14202	238	5	&	&	CCONJ
ajfa-14202	238	6	accounting	accounting	PROPN
ajfa-14202	238	7	issn	issn	PROPN
ajfa-14202	238	8	1946	1946	NUM
ajfa-14202	238	9	-	-	PUNCT
ajfa-14202	238	10	052x	052x	PROPN
ajfa-14202	238	11	2019	2019	NUM
ajfa-14202	238	12	,	,	PUNCT
ajfa-14202	238	13	vol	vol	NOUN
ajfa-14202	238	14	.	.	PROPN
ajfa-14202	238	15	11	11	NUM
ajfa-14202	238	16	,	,	PUNCT
ajfa-14202	238	17	no	no	INTJ
ajfa-14202	238	18	.	.	NOUN
ajfa-14202	238	19	1	1	NUM
ajfa-14202	238	20	57	57	NUM
ajfa-14202	238	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	238	22	poland	poland	PROPN
ajfa-14202	238	23	s.korea	s.korea	PROPN
ajfa-14202	238	24	russia	russia	PROPN
ajfa-14202	238	25	egypt	egypt	PROPN
ajfa-14202	238	26	asian	asian	PROPN
ajfa-14202	238	27	journal	journal	PROPN
ajfa-14202	238	28	of	of	ADP
ajfa-14202	238	29	finance	finance	PROPN
ajfa-14202	238	30	&	&	CCONJ
ajfa-14202	238	31	accounting	accounting	PROPN
ajfa-14202	238	32	issn	issn	PROPN
ajfa-14202	238	33	1946	1946	NUM
ajfa-14202	238	34	-	-	PUNCT
ajfa-14202	238	35	052x	052x	PROPN
ajfa-14202	238	36	2019	2019	NUM
ajfa-14202	238	37	,	,	PUNCT
ajfa-14202	238	38	vol	vol	NOUN
ajfa-14202	238	39	.	.	PROPN
ajfa-14202	238	40	11	11	NUM
ajfa-14202	238	41	,	,	PUNCT
ajfa-14202	238	42	no	no	INTJ
ajfa-14202	238	43	.	.	NOUN
ajfa-14202	238	44	1	1	NUM
ajfa-14202	238	45	58	58	NUM
ajfa-14202	238	46	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	238	47	s.arabia	s.arabia	PROPN
ajfa-14202	238	48	columbia	columbia	PROPN
ajfa-14202	238	49	peru	peru	PROPN
ajfa-14202	238	50	brazil	brazil	PROPN
ajfa-14202	238	51	asian	asian	PROPN
ajfa-14202	238	52	journal	journal	PROPN
ajfa-14202	238	53	of	of	ADP
ajfa-14202	238	54	finance	finance	PROPN
ajfa-14202	238	55	&	&	CCONJ
ajfa-14202	238	56	accounting	accounting	PROPN
ajfa-14202	238	57	issn	issn	PROPN
ajfa-14202	238	58	1946	1946	NUM
ajfa-14202	238	59	-	-	PUNCT
ajfa-14202	238	60	052x	052x	PROPN
ajfa-14202	238	61	2019	2019	NUM
ajfa-14202	238	62	,	,	PUNCT
ajfa-14202	238	63	vol	vol	NOUN
ajfa-14202	238	64	.	.	PROPN
ajfa-14202	238	65	11	11	NUM
ajfa-14202	238	66	,	,	PUNCT
ajfa-14202	238	67	no	no	INTJ
ajfa-14202	238	68	.	.	NOUN
ajfa-14202	238	69	1	1	NUM
ajfa-14202	238	70	59	59	NUM
ajfa-14202	238	71	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	238	72	4	4	NUM
ajfa-14202	238	73	.	.	PUNCT
ajfa-14202	238	74	conclusion	conclusion	NOUN
ajfa-14202	238	75	assessment	assessment	NOUN
ajfa-14202	238	76	of	of	ADP
ajfa-14202	238	77	leverage	leverage	NOUN
ajfa-14202	238	78	and	and	CCONJ
ajfa-14202	238	79	investment	investment	NOUN
ajfa-14202	238	80	decisions	decision	NOUN
ajfa-14202	238	81	in	in	ADP
ajfa-14202	238	82	firms	firm	NOUN
ajfa-14202	238	83	in	in	ADP
ajfa-14202	238	84	emerging	emerge	VERB
ajfa-14202	238	85	economies	economy	NOUN
ajfa-14202	238	86	is	be	AUX
ajfa-14202	238	87	significant	significant	ADJ
ajfa-14202	238	88	as	as	SCONJ
ajfa-14202	238	89	numbers	number	NOUN
ajfa-14202	238	90	of	of	ADP
ajfa-14202	238	91	investors	investor	NOUN
ajfa-14202	238	92	are	be	AUX
ajfa-14202	238	93	risk	risk	NOUN
ajfa-14202	238	94	averse	averse	ADJ
ajfa-14202	238	95	.	.	PUNCT
ajfa-14202	239	1	this	this	DET
ajfa-14202	239	2	study	study	NOUN
ajfa-14202	239	3	attempts	attempt	VERB
ajfa-14202	239	4	to	to	PART
ajfa-14202	239	5	model	model	VERB
ajfa-14202	239	6	the	the	DET
ajfa-14202	239	7	volatility	volatility	NOUN
ajfa-14202	239	8	of	of	ADP
ajfa-14202	239	9	stock	stock	NOUN
ajfa-14202	239	10	market	market	NOUN
ajfa-14202	239	11	return	return	NOUN
ajfa-14202	239	12	in	in	ADP
ajfa-14202	239	13	14	14	NUM
ajfa-14202	239	14	selected	select	VERB
ajfa-14202	239	15	opec	opec	PROPN
ajfa-14202	239	16	countries	country	NOUN
ajfa-14202	239	17	which	which	PRON
ajfa-14202	239	18	are	be	AUX
ajfa-14202	239	19	termed	term	VERB
ajfa-14202	239	20	as	as	ADP
ajfa-14202	239	21	emerging	emerge	VERB
ajfa-14202	239	22	economies	economy	NOUN
ajfa-14202	239	23	by	by	ADP
ajfa-14202	239	24	testing	test	VERB
ajfa-14202	239	25	both	both	CCONJ
ajfa-14202	239	26	the	the	DET
ajfa-14202	239	27	symmetric	symmetric	ADJ
ajfa-14202	239	28	and	and	CCONJ
ajfa-14202	239	29	asymmetric	asymmetric	ADJ
ajfa-14202	239	30	models	model	NOUN
ajfa-14202	239	31	.	.	PUNCT
ajfa-14202	240	1	the	the	DET
ajfa-14202	240	2	monthly	monthly	ADJ
ajfa-14202	240	3	closing	closing	NOUN
ajfa-14202	240	4	prices	price	NOUN
ajfa-14202	240	5	for	for	ADP
ajfa-14202	240	6	ten	ten	NUM
ajfa-14202	240	7	years	year	NOUN
ajfa-14202	240	8	were	be	AUX
ajfa-14202	240	9	extracted	extract	VERB
ajfa-14202	240	10	and	and	CCONJ
ajfa-14202	240	11	modeled	model	VERB
ajfa-14202	240	12	using	use	VERB
ajfa-14202	240	13	three	three	NUM
ajfa-14202	240	14	different	different	ADJ
ajfa-14202	240	15	garch	garch	NOUN
ajfa-14202	240	16	models	model	NOUN
ajfa-14202	240	17	after	after	ADP
ajfa-14202	240	18	verifying	verify	VERB
ajfa-14202	240	19	the	the	DET
ajfa-14202	240	20	unit	unit	NOUN
ajfa-14202	240	21	root	root	NOUN
ajfa-14202	240	22	test	test	NOUN
ajfa-14202	240	23	and	and	CCONJ
ajfa-14202	240	24	arch	arch	ADJ
ajfa-14202	240	25	effects	effect	NOUN
ajfa-14202	240	26	.	.	PUNCT
ajfa-14202	241	1	the	the	DET
ajfa-14202	241	2	study	study	NOUN
ajfa-14202	241	3	further	far	ADV
ajfa-14202	241	4	conducted	conduct	VERB
ajfa-14202	241	5	empirical	empirical	ADJ
ajfa-14202	241	6	analysis	analysis	NOUN
ajfa-14202	241	7	on	on	ADP
ajfa-14202	241	8	arch	arch	ADJ
ajfa-14202	241	9	and	and	CCONJ
ajfa-14202	241	10	garch	garch	NOUN
ajfa-14202	241	11	models	model	NOUN
ajfa-14202	241	12	to	to	PART
ajfa-14202	241	13	investigate	investigate	VERB
ajfa-14202	241	14	volatility	volatility	NOUN
ajfa-14202	241	15	characteristics	characteristic	NOUN
ajfa-14202	241	16	through	through	ADP
ajfa-14202	241	17	the	the	DET
ajfa-14202	241	18	period	period	NOUN
ajfa-14202	241	19	jan	jan	PROPN
ajfa-14202	241	20	2008	2008	NUM
ajfa-14202	241	21	to	to	ADP
ajfa-14202	241	22	dec	dec	PROPN
ajfa-14202	241	23	2017	2017	NUM
ajfa-14202	241	24	,	,	PUNCT
ajfa-14202	241	25	to	to	PART
ajfa-14202	241	26	determine	determine	VERB
ajfa-14202	241	27	volatility	volatility	NOUN
ajfa-14202	241	28	clustering	clustering	NOUN
ajfa-14202	241	29	,	,	PUNCT
ajfa-14202	241	30	leptokurtic	leptokurtic	ADJ
ajfa-14202	241	31	distribution	distribution	NOUN
ajfa-14202	241	32	and	and	CCONJ
ajfa-14202	241	33	leverage	leverage	NOUN
ajfa-14202	241	34	effect	effect	NOUN
ajfa-14202	241	35	.	.	PUNCT
ajfa-14202	242	1	to	to	PART
ajfa-14202	242	2	capture	capture	VERB
ajfa-14202	242	3	the	the	DET
ajfa-14202	242	4	symmetry	symmetry	NOUN
ajfa-14202	242	5	effect	effect	NOUN
ajfa-14202	242	6	in	in	ADP
ajfa-14202	242	7	the	the	DET
ajfa-14202	242	8	stock	stock	NOUN
ajfa-14202	242	9	markets	market	NOUN
ajfa-14202	242	10	,	,	PUNCT
ajfa-14202	242	11	both	both	CCONJ
ajfa-14202	242	12	the	the	DET
ajfa-14202	242	13	arch	arch	NOUN
ajfa-14202	242	14	and	and	CCONJ
ajfa-14202	242	15	garch	garch	NOUN
ajfa-14202	242	16	(	(	PUNCT
ajfa-14202	242	17	1,1	1,1	NUM
ajfa-14202	242	18	)	)	PUNCT
ajfa-14202	242	19	model	model	NOUN
ajfa-14202	242	20	is	be	AUX
ajfa-14202	242	21	employed	employ	VERB
ajfa-14202	242	22	.	.	PUNCT
ajfa-14202	243	1	the	the	DET
ajfa-14202	243	2	primary	primary	ADJ
ajfa-14202	243	3	empirical	empirical	ADJ
ajfa-14202	243	4	findings	finding	NOUN
ajfa-14202	243	5	of	of	ADP
ajfa-14202	243	6	the	the	DET
ajfa-14202	243	7	stock	stock	NOUN
ajfa-14202	243	8	return	return	NOUN
ajfa-14202	243	9	data	datum	NOUN
ajfa-14202	243	10	is	be	AUX
ajfa-14202	243	11	far	far	ADV
ajfa-14202	243	12	from	from	ADP
ajfa-14202	243	13	normality	normality	NOUN
ajfa-14202	243	14	and	and	CCONJ
ajfa-14202	243	15	showed	show	VERB
ajfa-14202	243	16	existence	existence	NOUN
ajfa-14202	243	17	of	of	ADP
ajfa-14202	243	18	conditional	conditional	ADJ
ajfa-14202	243	19	heteroscedacity	heteroscedacity	NOUN
ajfa-14202	243	20	or	or	CCONJ
ajfa-14202	243	21	volatility	volatility	NOUN
ajfa-14202	243	22	clustering	clustering	NOUN
ajfa-14202	243	23	.	.	PUNCT
ajfa-14202	244	1	further	far	ADV
ajfa-14202	244	2	the	the	DET
ajfa-14202	244	3	study	study	NOUN
ajfa-14202	244	4	found	find	VERB
ajfa-14202	244	5	evidence	evidence	NOUN
ajfa-14202	244	6	of	of	ADP
ajfa-14202	244	7	leptokurtosis	leptokurtosis	NOUN
ajfa-14202	244	8	,	,	PUNCT
ajfa-14202	244	9	long	long	ADJ
ajfa-14202	244	10	memory	memory	NOUN
ajfa-14202	244	11	,	,	PUNCT
ajfa-14202	244	12	fat	fat	ADJ
ajfa-14202	244	13	tailed	tail	VERB
ajfa-14202	244	14	and	and	CCONJ
ajfa-14202	244	15	persistence	persistence	NOUN
ajfa-14202	244	16	of	of	ADP
ajfa-14202	244	17	volatility	volatility	NOUN
ajfa-14202	244	18	.	.	PUNCT
ajfa-14202	245	1	all	all	DET
ajfa-14202	245	2	these	these	PRON
ajfa-14202	245	3	are	be	AUX
ajfa-14202	245	4	consistent	consistent	ADJ
ajfa-14202	245	5	with	with	ADP
ajfa-14202	245	6	previous	previous	ADJ
ajfa-14202	245	7	research	research	NOUN
ajfa-14202	245	8	.	.	PUNCT
ajfa-14202	246	1	garch	garch	NOUN
ajfa-14202	246	2	(	(	PUNCT
ajfa-14202	246	3	1,1	1,1	NUM
ajfa-14202	246	4	)	)	PUNCT
ajfa-14202	246	5	results	result	NOUN
ajfa-14202	246	6	indicate	indicate	VERB
ajfa-14202	246	7	persistence	persistence	NOUN
ajfa-14202	246	8	for	for	ADP
ajfa-14202	246	9	all	all	DET
ajfa-14202	246	10	the	the	DET
ajfa-14202	246	11	countries	country	NOUN
ajfa-14202	246	12	studied	study	VERB
ajfa-14202	246	13	which	which	PRON
ajfa-14202	246	14	signifies	signify	VERB
ajfa-14202	246	15	that	that	SCONJ
ajfa-14202	246	16	the	the	DET
ajfa-14202	246	17	current	current	ADJ
ajfa-14202	246	18	shock	shock	NOUN
ajfa-14202	246	19	persists	persist	VERB
ajfa-14202	246	20	indefinitely	indefinitely	ADV
ajfa-14202	246	21	in	in	ADP
ajfa-14202	246	22	conditioning	condition	VERB
ajfa-14202	246	23	the	the	DET
ajfa-14202	246	24	future	future	ADJ
ajfa-14202	246	25	variance	variance	NOUN
ajfa-14202	246	26	.	.	PUNCT
ajfa-14202	247	1	with	with	ADP
ajfa-14202	247	2	respect	respect	NOUN
ajfa-14202	247	3	to	to	ADP
ajfa-14202	247	4	detecting	detect	VERB
ajfa-14202	247	5	the	the	DET
ajfa-14202	247	6	asymmetric	asymmetric	ADJ
ajfa-14202	247	7	effect	effect	NOUN
ajfa-14202	247	8	in	in	ADP
ajfa-14202	247	9	the	the	DET
ajfa-14202	247	10	data	datum	NOUN
ajfa-14202	247	11	,	,	PUNCT
ajfa-14202	247	12	egarch	egarch	PROPN
ajfa-14202	247	13	(	(	PUNCT
ajfa-14202	247	14	1,1	1,1	NUM
ajfa-14202	247	15	)	)	PUNCT
ajfa-14202	247	16	and	and	CCONJ
ajfa-14202	247	17	tgarch	tgarch	NOUN
ajfa-14202	247	18	(	(	PUNCT
ajfa-14202	247	19	1,1	1,1	NUM
ajfa-14202	247	20	)	)	PUNCT
ajfa-14202	247	21	were	be	AUX
ajfa-14202	247	22	applied	apply	VERB
ajfa-14202	247	23	,	,	PUNCT
ajfa-14202	247	24	in	in	ADP
ajfa-14202	247	25	order	order	NOUN
ajfa-14202	247	26	to	to	PART
ajfa-14202	247	27	investigate	investigate	VERB
ajfa-14202	247	28	the	the	DET
ajfa-14202	247	29	various	various	ADJ
ajfa-14202	247	30	effects	effect	NOUN
ajfa-14202	247	31	of	of	ADP
ajfa-14202	247	32	good	good	ADJ
ajfa-14202	247	33	and	and	CCONJ
ajfa-14202	247	34	bad	bad	ADJ
ajfa-14202	247	35	news	news	NOUN
ajfa-14202	247	36	on	on	ADP
ajfa-14202	247	37	the	the	DET
ajfa-14202	247	38	future	future	ADJ
ajfa-14202	247	39	volatility	volatility	NOUN
ajfa-14202	247	40	of	of	ADP
ajfa-14202	247	41	the	the	DET
ajfa-14202	247	42	selected	select	VERB
ajfa-14202	247	43	data	datum	NOUN
ajfa-14202	247	44	.	.	PUNCT
ajfa-14202	248	1	in	in	ADP
ajfa-14202	248	2	egarch	egarch	NOUN
ajfa-14202	248	3	model	model	NOUN
ajfa-14202	248	4	,	,	PUNCT
ajfa-14202	248	5	none	none	NOUN
ajfa-14202	248	6	of	of	ADP
ajfa-14202	248	7	the	the	DET
ajfa-14202	248	8	countries	country	NOUN
ajfa-14202	248	9	indicated	indicate	VERB
ajfa-14202	248	10	negative	negative	ADJ
ajfa-14202	248	11	and	and	CCONJ
ajfa-14202	248	12	significant	significant	ADJ
ajfa-14202	248	13	gamma	gamma	NOUN
ajfa-14202	248	14	and	and	CCONJ
ajfa-14202	248	15	there	there	PRON
ajfa-14202	248	16	was	be	VERB
ajfa-14202	248	17	absence	absence	NOUN
ajfa-14202	248	18	of	of	ADP
ajfa-14202	248	19	support	support	NOUN
ajfa-14202	248	20	of	of	ADP
ajfa-14202	248	21	leverage	leverage	NOUN
ajfa-14202	248	22	effects	effect	NOUN
ajfa-14202	248	23	.	.	PUNCT
ajfa-14202	249	1	thus	thus	ADV
ajfa-14202	249	2	the	the	DET
ajfa-14202	249	3	stock	stock	NOUN
ajfa-14202	249	4	return	return	NOUN
ajfa-14202	249	5	is	be	AUX
ajfa-14202	249	6	considered	consider	VERB
ajfa-14202	249	7	volatile	volatile	ADJ
ajfa-14202	249	8	.	.	PUNCT
ajfa-14202	250	1	the	the	DET
ajfa-14202	250	2	gamma	gamma	PROPN
ajfa-14202	250	3	coefficient	coefficient	NOUN
ajfa-14202	250	4	indicated	indicate	VERB
ajfa-14202	250	5	that	that	SCONJ
ajfa-14202	250	6	iran	iran	PROPN
ajfa-14202	250	7	had	have	VERB
ajfa-14202	250	8	the	the	DET
ajfa-14202	250	9	maximum	maximum	ADJ
ajfa-14202	250	10	impact	impact	NOUN
ajfa-14202	250	11	on	on	ADP
ajfa-14202	250	12	volatility	volatility	NOUN
ajfa-14202	250	13	due	due	ADP
ajfa-14202	250	14	to	to	ADP
ajfa-14202	250	15	negative	negative	ADJ
ajfa-14202	250	16	information	information	NOUN
ajfa-14202	250	17	.	.	PUNCT
ajfa-14202	251	1	the	the	DET
ajfa-14202	251	2	study	study	NOUN
ajfa-14202	251	3	also	also	ADV
ajfa-14202	251	4	verifies	verify	VERB
ajfa-14202	251	5	whether	whether	SCONJ
ajfa-14202	251	6	incorporating	incorporate	VERB
ajfa-14202	251	7	asymmetric	asymmetric	ADJ
ajfa-14202	251	8	response	response	NOUN
ajfa-14202	251	9	of	of	ADP
ajfa-14202	251	10	volatility	volatility	NOUN
ajfa-14202	251	11	to	to	ADP
ajfa-14202	251	12	positive	positive	ADJ
ajfa-14202	251	13	and	and	CCONJ
ajfa-14202	251	14	negative	negative	ADJ
ajfa-14202	251	15	shocks	shock	NOUN
ajfa-14202	251	16	changes	change	VERB
ajfa-14202	251	17	the	the	DET
ajfa-14202	251	18	conclusions	conclusion	NOUN
ajfa-14202	251	19	obtained	obtain	VERB
ajfa-14202	251	20	from	from	ADP
ajfa-14202	251	21	the	the	DET
ajfa-14202	251	22	symmetric	symmetric	ADJ
ajfa-14202	251	23	garch	garch	NOUN
ajfa-14202	251	24	models	model	NOUN
ajfa-14202	251	25	.	.	PUNCT
ajfa-14202	252	1	in	in	ADP
ajfa-14202	252	2	order	order	NOUN
ajfa-14202	252	3	to	to	PART
ajfa-14202	252	4	corroborate	corroborate	VERB
ajfa-14202	252	5	the	the	DET
ajfa-14202	252	6	best	well	ADV
ajfa-14202	252	7	fitted	fit	VERB
ajfa-14202	252	8	model	model	NOUN
ajfa-14202	252	9	from	from	ADP
ajfa-14202	252	10	the	the	DET
ajfa-14202	252	11	models	model	NOUN
ajfa-14202	252	12	applied	apply	VERB
ajfa-14202	252	13	,	,	PUNCT
ajfa-14202	252	14	akaike	akaike	ADP
ajfa-14202	252	15	information	information	NOUN
ajfa-14202	252	16	vietnam	vietnam	PROPN
ajfa-14202	252	17	philliphines	philliphine	VERB
ajfa-14202	252	18	asian	asian	ADJ
ajfa-14202	252	19	journal	journal	NOUN
ajfa-14202	252	20	of	of	ADP
ajfa-14202	252	21	finance	finance	PROPN
ajfa-14202	252	22	&	&	CCONJ
ajfa-14202	252	23	accounting	accounting	PROPN
ajfa-14202	252	24	issn	issn	PROPN
ajfa-14202	252	25	1946	1946	NUM
ajfa-14202	252	26	-	-	PUNCT
ajfa-14202	252	27	052x	052x	PROPN
ajfa-14202	252	28	2019	2019	NUM
ajfa-14202	252	29	,	,	PUNCT
ajfa-14202	252	30	vol	vol	NOUN
ajfa-14202	252	31	.	.	PROPN
ajfa-14202	252	32	11	11	NUM
ajfa-14202	252	33	,	,	PUNCT
ajfa-14202	252	34	no	no	INTJ
ajfa-14202	252	35	.	.	NOUN
ajfa-14202	252	36	1	1	NUM
ajfa-14202	252	37	60	60	NUM
ajfa-14202	252	38	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	252	39	criterion	criterion	NOUN
ajfa-14202	252	40	(	(	PUNCT
ajfa-14202	252	41	aic	aic	PROPN
ajfa-14202	252	42	)	)	PUNCT
ajfa-14202	252	43	,	,	PUNCT
ajfa-14202	252	44	log	log	NOUN
ajfa-14202	252	45	likelihood	likelihood	NOUN
ajfa-14202	252	46	,	,	PUNCT
ajfa-14202	252	47	and	and	CCONJ
ajfa-14202	252	48	shwarz	shwarz	NOUN
ajfa-14202	252	49	information	information	NOUN
ajfa-14202	252	50	criterion(sic	criterion(sic	ADJ
ajfa-14202	252	51	)	)	PUNCT
ajfa-14202	252	52	were	be	AUX
ajfa-14202	252	53	used	use	VERB
ajfa-14202	252	54	.	.	PUNCT
ajfa-14202	253	1	findings	finding	NOUN
ajfa-14202	253	2	indicate	indicate	VERB
ajfa-14202	253	3	that	that	DET
ajfa-14202	253	4	tgarch	tgarch	NOUN
ajfa-14202	253	5	model	model	NOUN
ajfa-14202	253	6	was	be	AUX
ajfa-14202	253	7	found	find	VERB
ajfa-14202	253	8	out	out	ADP
ajfa-14202	253	9	to	to	PART
ajfa-14202	253	10	be	be	AUX
ajfa-14202	253	11	the	the	DET
ajfa-14202	253	12	best	well	ADV
ajfa-14202	253	13	fitted	fit	VERB
ajfa-14202	253	14	model	model	NOUN
ajfa-14202	253	15	for	for	ADP
ajfa-14202	253	16	all	all	DET
ajfa-14202	253	17	the	the	DET
ajfa-14202	253	18	emerging	emerge	VERB
ajfa-14202	253	19	economies	economy	NOUN
ajfa-14202	253	20	considered	consider	VERB
ajfa-14202	253	21	in	in	ADP
ajfa-14202	253	22	the	the	DET
ajfa-14202	253	23	study	study	NOUN
ajfa-14202	253	24	based	base	VERB
ajfa-14202	253	25	on	on	ADP
ajfa-14202	253	26	the	the	DET
ajfa-14202	253	27	highest	high	ADJ
ajfa-14202	253	28	log	log	NOUN
ajfa-14202	253	29	likelihood	likelihood	NOUN
ajfa-14202	253	30	with	with	ADP
ajfa-14202	253	31	least	least	ADJ
ajfa-14202	253	32	aic	aic	PROPN
ajfa-14202	253	33	and	and	CCONJ
ajfa-14202	253	34	sic	sic	ADJ
ajfa-14202	253	35	criterion	criterion	NOUN
ajfa-14202	253	36	.	.	PUNCT
ajfa-14202	254	1	as	as	ADP
ajfa-14202	254	2	per	per	ADP
ajfa-14202	254	3	the	the	DET
ajfa-14202	254	4	tgarch	tgarch	NOUN
ajfa-14202	254	5	output	output	NOUN
ajfa-14202	254	6	,	,	PUNCT
ajfa-14202	254	7	the	the	DET
ajfa-14202	254	8	asymmetric	asymmetric	ADJ
ajfa-14202	254	9	effect	effect	NOUN
ajfa-14202	254	10	was	be	AUX
ajfa-14202	254	11	captured	capture	VERB
ajfa-14202	254	12	and	and	CCONJ
ajfa-14202	254	13	leverage	leverage	NOUN
ajfa-14202	254	14	effects	effect	NOUN
ajfa-14202	254	15	were	be	AUX
ajfa-14202	254	16	found	find	VERB
ajfa-14202	254	17	in	in	ADP
ajfa-14202	254	18	peru	peru	PROPN
ajfa-14202	254	19	,	,	PUNCT
ajfa-14202	254	20	iran	iran	PROPN
ajfa-14202	254	21	,	,	PUNCT
ajfa-14202	254	22	south	south	PROPN
ajfa-14202	254	23	africa	africa	PROPN
ajfa-14202	254	24	and	and	CCONJ
ajfa-14202	254	25	colombia	colombia	PROPN
ajfa-14202	254	26	,	,	PUNCT
ajfa-14202	254	27	implying	imply	VERB
ajfa-14202	254	28	that	that	SCONJ
ajfa-14202	254	29	negative	negative	ADJ
ajfa-14202	254	30	shocks	shock	NOUN
ajfa-14202	254	31	stimulates	stimulate	VERB
ajfa-14202	254	32	a	a	DET
ajfa-14202	254	33	higher	high	ADJ
ajfa-14202	254	34	raise	raise	NOUN
ajfa-14202	254	35	in	in	ADP
ajfa-14202	254	36	volatility	volatility	NOUN
ajfa-14202	254	37	than	than	ADP
ajfa-14202	254	38	the	the	DET
ajfa-14202	254	39	positive	positive	ADJ
ajfa-14202	254	40	shocks	shock	NOUN
ajfa-14202	254	41	.	.	PUNCT
ajfa-14202	255	1	tests	test	NOUN
ajfa-14202	255	2	for	for	ADP
ajfa-14202	255	3	asymmetries	asymmetry	NOUN
ajfa-14202	255	4	in	in	ADP
ajfa-14202	255	5	volatility	volatility	NOUN
ajfa-14202	255	6	indicate	indicate	VERB
ajfa-14202	255	7	a	a	DET
ajfa-14202	255	8	size	size	NOUN
ajfa-14202	255	9	effect	effect	NOUN
ajfa-14202	255	10	of	of	ADP
ajfa-14202	255	11	news	news	NOUN
ajfa-14202	255	12	,	,	PUNCT
ajfa-14202	255	13	which	which	PRON
ajfa-14202	255	14	is	be	AUX
ajfa-14202	255	15	stronger	strong	ADJ
ajfa-14202	255	16	for	for	ADP
ajfa-14202	255	17	bad	bad	ADJ
ajfa-14202	255	18	news	news	NOUN
ajfa-14202	255	19	than	than	ADP
ajfa-14202	255	20	good	good	ADJ
ajfa-14202	255	21	news	news	NOUN
ajfa-14202	255	22	in	in	ADP
ajfa-14202	255	23	case	case	NOUN
ajfa-14202	255	24	of	of	ADP
ajfa-14202	255	25	countries	country	NOUN
ajfa-14202	255	26	where	where	SCONJ
ajfa-14202	255	27	leverage	leverage	NOUN
ajfa-14202	255	28	was	be	AUX
ajfa-14202	255	29	captured	capture	VERB
ajfa-14202	255	30	by	by	ADP
ajfa-14202	255	31	use	use	NOUN
ajfa-14202	255	32	of	of	ADP
ajfa-14202	255	33	sign	sign	NOUN
ajfa-14202	255	34	-	-	PUNCT
ajfa-14202	255	35	bias	bias	NOUN
ajfa-14202	255	36	tests	test	NOUN
ajfa-14202	255	37	.	.	PUNCT
ajfa-14202	256	1	the	the	DET
ajfa-14202	256	2	main	main	ADJ
ajfa-14202	256	3	intention	intention	NOUN
ajfa-14202	256	4	of	of	ADP
ajfa-14202	256	5	using	use	VERB
ajfa-14202	256	6	nic	nic	PROPN
ajfa-14202	256	7	curves	curve	NOUN
ajfa-14202	256	8	was	be	AUX
ajfa-14202	256	9	to	to	PART
ajfa-14202	256	10	look	look	VERB
ajfa-14202	256	11	for	for	ADP
ajfa-14202	256	12	incidence	incidence	NOUN
ajfa-14202	256	13	of	of	ADP
ajfa-14202	256	14	leverage	leverage	NOUN
ajfa-14202	256	15	effects	effect	NOUN
ajfa-14202	256	16	,	,	PUNCT
ajfa-14202	256	17	influencing	influence	VERB
ajfa-14202	256	18	volatility	volatility	NOUN
ajfa-14202	256	19	by	by	ADP
ajfa-14202	256	20	previous	previous	ADJ
ajfa-14202	256	21	good	good	ADJ
ajfa-14202	256	22	or	or	CCONJ
ajfa-14202	256	23	bad	bad	ADJ
ajfa-14202	256	24	news	news	NOUN
ajfa-14202	256	25	.	.	PUNCT
ajfa-14202	257	1	the	the	DET
ajfa-14202	257	2	return	return	NOUN
ajfa-14202	257	3	series	series	NOUN
ajfa-14202	257	4	were	be	AUX
ajfa-14202	257	5	used	use	VERB
ajfa-14202	257	6	to	to	PART
ajfa-14202	257	7	compute	compute	VERB
ajfa-14202	257	8	news	news	NOUN
ajfa-14202	257	9	impact	impact	NOUN
ajfa-14202	257	10	curves	curve	NOUN
ajfa-14202	257	11	(	(	PUNCT
ajfa-14202	257	12	nic	nic	ADJ
ajfa-14202	257	13	)	)	PUNCT
ajfa-14202	257	14	,	,	PUNCT
ajfa-14202	257	15	which	which	PRON
ajfa-14202	257	16	pointed	point	VERB
ajfa-14202	257	17	out	out	ADP
ajfa-14202	257	18	the	the	DET
ajfa-14202	257	19	inadequacy	inadequacy	NOUN
ajfa-14202	257	20	of	of	ADP
ajfa-14202	257	21	using	use	VERB
ajfa-14202	257	22	garch	garch	NOUN
ajfa-14202	257	23	in	in	ADP
ajfa-14202	257	24	the	the	DET
ajfa-14202	257	25	presence	presence	NOUN
ajfa-14202	257	26	of	of	ADP
ajfa-14202	257	27	asymmetric	asymmetric	ADJ
ajfa-14202	257	28	volatility	volatility	NOUN
ajfa-14202	257	29	effects	effect	NOUN
ajfa-14202	257	30	,	,	PUNCT
ajfa-14202	257	31	which	which	PRON
ajfa-14202	257	32	treats	treat	VERB
ajfa-14202	257	33	all	all	DET
ajfa-14202	257	34	volatility	volatility	NOUN
ajfa-14202	257	35	equally	equally	ADV
ajfa-14202	257	36	.	.	PUNCT
ajfa-14202	258	1	the	the	DET
ajfa-14202	258	2	nic	nic	PROPN
ajfa-14202	258	3	for	for	ADP
ajfa-14202	258	4	the	the	DET
ajfa-14202	258	5	asymmetric	asymmetric	ADJ
ajfa-14202	258	6	models	model	NOUN
ajfa-14202	258	7	indicate	indicate	VERB
ajfa-14202	258	8	that	that	SCONJ
ajfa-14202	258	9	bad	bad	ADJ
ajfa-14202	258	10	news	news	NOUN
ajfa-14202	258	11	have	have	VERB
ajfa-14202	258	12	more	more	ADJ
ajfa-14202	258	13	impact	impact	NOUN
ajfa-14202	258	14	on	on	ADP
ajfa-14202	258	15	volatility	volatility	NOUN
ajfa-14202	258	16	than	than	ADP
ajfa-14202	258	17	good	good	ADJ
ajfa-14202	258	18	news	news	NOUN
ajfa-14202	258	19	in	in	ADP
ajfa-14202	258	20	peru	peru	PROPN
ajfa-14202	258	21	,	,	PUNCT
ajfa-14202	258	22	iran	iran	PROPN
ajfa-14202	258	23	,	,	PUNCT
ajfa-14202	258	24	south	south	PROPN
ajfa-14202	258	25	africa	africa	PROPN
ajfa-14202	258	26	,	,	PUNCT
ajfa-14202	258	27	colombia	colombia	PROPN
ajfa-14202	258	28	and	and	CCONJ
ajfa-14202	258	29	egypt	egypt	PROPN
ajfa-14202	258	30	.	.	PUNCT
ajfa-14202	259	1	iran	iran	PROPN
ajfa-14202	259	2	has	have	AUX
ajfa-14202	259	3	had	have	VERB
ajfa-14202	259	4	a	a	DET
ajfa-14202	259	5	turbulent	turbulent	ADJ
ajfa-14202	259	6	period	period	NOUN
ajfa-14202	259	7	since	since	SCONJ
ajfa-14202	259	8	2010	2010	NUM
ajfa-14202	259	9	with	with	ADP
ajfa-14202	259	10	successive	successive	ADJ
ajfa-14202	259	11	negative	negative	ADJ
ajfa-14202	259	12	events	event	NOUN
ajfa-14202	259	13	of	of	ADP
ajfa-14202	259	14	high	high	ADJ
ajfa-14202	259	15	inflation	inflation	NOUN
ajfa-14202	259	16	,	,	PUNCT
ajfa-14202	259	17	monetary	monetary	ADJ
ajfa-14202	259	18	/	/	SYM
ajfa-14202	259	19	credit	credit	NOUN
ajfa-14202	259	20	policy	policy	NOUN
ajfa-14202	259	21	measures	measure	NOUN
ajfa-14202	259	22	taken	take	VERB
ajfa-14202	259	23	by	by	ADP
ajfa-14202	259	24	the	the	DET
ajfa-14202	259	25	government	government	NOUN
ajfa-14202	259	26	to	to	PART
ajfa-14202	259	27	combat	combat	VERB
ajfa-14202	259	28	it	it	PRON
ajfa-14202	259	29	and	and	CCONJ
ajfa-14202	259	30	finally	finally	ADV
ajfa-14202	259	31	the	the	DET
ajfa-14202	259	32	sanctions	sanction	NOUN
ajfa-14202	259	33	imposed	impose	VERB
ajfa-14202	259	34	by	by	ADP
ajfa-14202	259	35	european	european	PROPN
ajfa-14202	259	36	union	union	PROPN
ajfa-14202	259	37	and	and	CCONJ
ajfa-14202	259	38	the	the	DET
ajfa-14202	259	39	usa	usa	PROPN
ajfa-14202	259	40	leading	lead	VERB
ajfa-14202	259	41	to	to	ADP
ajfa-14202	259	42	depreciation	depreciation	NOUN
ajfa-14202	259	43	of	of	ADP
ajfa-14202	259	44	currency	currency	NOUN
ajfa-14202	259	45	and	and	CCONJ
ajfa-14202	259	46	thus	thus	ADV
ajfa-14202	259	47	adversely	adversely	ADV
ajfa-14202	259	48	impacting	impact	VERB
ajfa-14202	259	49	the	the	DET
ajfa-14202	259	50	stock	stock	NOUN
ajfa-14202	259	51	market	market	NOUN
ajfa-14202	259	52	.	.	PUNCT
ajfa-14202	260	1	in	in	ADP
ajfa-14202	260	2	case	case	NOUN
ajfa-14202	260	3	of	of	ADP
ajfa-14202	260	4	south	south	PROPN
ajfa-14202	260	5	africa	africa	PROPN
ajfa-14202	260	6	,	,	PUNCT
ajfa-14202	260	7	the	the	DET
ajfa-14202	260	8	markets	market	NOUN
ajfa-14202	260	9	witnessed	witness	VERB
ajfa-14202	260	10	volatility	volatility	NOUN
ajfa-14202	260	11	since	since	SCONJ
ajfa-14202	260	12	2013	2013	NUM
ajfa-14202	260	13	when	when	SCONJ
ajfa-14202	260	14	60	60	NUM
ajfa-14202	260	15	%	%	NOUN
ajfa-14202	260	16	of	of	ADP
ajfa-14202	260	17	the	the	DET
ajfa-14202	260	18	domestic	domestic	ADJ
ajfa-14202	260	19	flows	flow	NOUN
ajfa-14202	260	20	were	be	AUX
ajfa-14202	260	21	routed	route	VERB
ajfa-14202	260	22	to	to	ADP
ajfa-14202	260	23	offshore	offshore	ADJ
ajfa-14202	260	24	funds	fund	NOUN
ajfa-14202	260	25	and	and	CCONJ
ajfa-14202	260	26	was	be	AUX
ajfa-14202	260	27	followed	follow	VERB
ajfa-14202	260	28	by	by	ADP
ajfa-14202	260	29	political	political	ADJ
ajfa-14202	260	30	rout	rout	NOUN
ajfa-14202	260	31	when	when	SCONJ
ajfa-14202	260	32	they	they	PRON
ajfa-14202	260	33	had	have	VERB
ajfa-14202	260	34	three	three	NUM
ajfa-14202	260	35	finance	finance	NOUN
ajfa-14202	260	36	ministers	minister	NOUN
ajfa-14202	260	37	in	in	ADP
ajfa-14202	260	38	a	a	DET
ajfa-14202	260	39	week	week	NOUN
ajfa-14202	260	40	which	which	PRON
ajfa-14202	260	41	distressed	distress	VERB
ajfa-14202	260	42	the	the	DET
ajfa-14202	260	43	investors	investor	NOUN
ajfa-14202	260	44	’	’	PART
ajfa-14202	260	45	confidence	confidence	NOUN
ajfa-14202	260	46	.	.	PUNCT
ajfa-14202	261	1	though	though	ADV
ajfa-14202	261	2	,	,	PUNCT
ajfa-14202	261	3	colombian	colombian	ADJ
ajfa-14202	261	4	stock	stock	NOUN
ajfa-14202	261	5	market	market	NOUN
ajfa-14202	261	6	has	have	AUX
ajfa-14202	261	7	at	at	ADP
ajfa-14202	261	8	all	all	DET
ajfa-14202	261	9	times	time	NOUN
ajfa-14202	261	10	traded	trade	VERB
ajfa-14202	261	11	at	at	ADP
ajfa-14202	261	12	a	a	DET
ajfa-14202	261	13	premium	premium	NOUN
ajfa-14202	261	14	to	to	ADP
ajfa-14202	261	15	its	its	PRON
ajfa-14202	261	16	worldwide	worldwide	ADJ
ajfa-14202	261	17	emerging	emerge	VERB
ajfa-14202	261	18	market	market	NOUN
ajfa-14202	261	19	peers	peer	NOUN
ajfa-14202	261	20	,	,	PUNCT
ajfa-14202	261	21	the	the	DET
ajfa-14202	261	22	relative	relative	ADJ
ajfa-14202	261	23	prices	price	NOUN
ajfa-14202	261	24	of	of	ADP
ajfa-14202	261	25	colombia	colombia	PROPN
ajfa-14202	261	26	to	to	ADP
ajfa-14202	261	27	global	global	ADJ
ajfa-14202	261	28	emerging	emerge	VERB
ajfa-14202	261	29	markets	market	NOUN
ajfa-14202	261	30	have	have	AUX
ajfa-14202	261	31	always	always	ADV
ajfa-14202	261	32	been	be	AUX
ajfa-14202	261	33	extremely	extremely	ADV
ajfa-14202	261	34	volatile	volatile	ADJ
ajfa-14202	261	35	.	.	PUNCT
ajfa-14202	262	1	during	during	ADP
ajfa-14202	262	2	the	the	DET
ajfa-14202	262	3	period	period	NOUN
ajfa-14202	262	4	of	of	ADP
ajfa-14202	262	5	global	global	ADJ
ajfa-14202	262	6	financial	financial	ADJ
ajfa-14202	262	7	crisis	crisis	NOUN
ajfa-14202	262	8	in	in	ADP
ajfa-14202	262	9	2008	2008	NUM
ajfa-14202	262	10	colombian	colombian	ADJ
ajfa-14202	262	11	market	market	NOUN
ajfa-14202	262	12	traded	trade	VERB
ajfa-14202	262	13	at	at	ADP
ajfa-14202	262	14	35	35	NUM
ajfa-14202	262	15	%	%	NOUN
ajfa-14202	262	16	discount	discount	NOUN
ajfa-14202	262	17	to	to	ADP
ajfa-14202	262	18	gem	gem	NOUN
ajfa-14202	262	19	moving	move	VERB
ajfa-14202	262	20	to	to	ADP
ajfa-14202	262	21	70	70	NUM
ajfa-14202	262	22	%	%	NOUN
ajfa-14202	262	23	premium	premium	NOUN
ajfa-14202	262	24	two	two	NUM
ajfa-14202	262	25	months	month	NOUN
ajfa-14202	262	26	later	later	ADV
ajfa-14202	262	27	.	.	PUNCT
ajfa-14202	263	1	such	such	ADJ
ajfa-14202	263	2	large	large	ADJ
ajfa-14202	263	3	swings	swing	NOUN
ajfa-14202	263	4	echo	echo	VERB
ajfa-14202	263	5	the	the	DET
ajfa-14202	263	6	reliance	reliance	NOUN
ajfa-14202	263	7	of	of	ADP
ajfa-14202	263	8	index	index	NOUN
ajfa-14202	263	9	on	on	ADP
ajfa-14202	263	10	small	small	ADJ
ajfa-14202	263	11	number	number	NOUN
ajfa-14202	263	12	of	of	ADP
ajfa-14202	263	13	companies	company	NOUN
ajfa-14202	263	14	and	and	CCONJ
ajfa-14202	263	15	relative	relative	ADJ
ajfa-14202	263	16	thin	thin	ADJ
ajfa-14202	263	17	trading	trading	NOUN
ajfa-14202	263	18	liquidity	liquidity	NOUN
ajfa-14202	263	19	.	.	PUNCT
ajfa-14202	264	1	the	the	DET
ajfa-14202	264	2	upward	upward	ADJ
ajfa-14202	264	3	trend	trend	NOUN
ajfa-14202	264	4	of	of	ADP
ajfa-14202	264	5	the	the	DET
ajfa-14202	264	6	nic	nic	PROPN
ajfa-14202	264	7	on	on	ADP
ajfa-14202	264	8	the	the	DET
ajfa-14202	264	9	positive	positive	ADJ
ajfa-14202	264	10	side	side	NOUN
ajfa-14202	264	11	of	of	ADP
ajfa-14202	264	12	the	the	DET
ajfa-14202	264	13	shocks	shock	NOUN
ajfa-14202	264	14	depicts	depict	VERB
ajfa-14202	264	15	the	the	DET
ajfa-14202	264	16	increasing	increase	VERB
ajfa-14202	264	17	confidence	confidence	NOUN
ajfa-14202	264	18	in	in	ADP
ajfa-14202	264	19	the	the	DET
ajfa-14202	264	20	stock	stock	NOUN
ajfa-14202	264	21	markets	market	NOUN
ajfa-14202	264	22	of	of	ADP
ajfa-14202	264	23	russia	russia	PROPN
ajfa-14202	264	24	,	,	PUNCT
ajfa-14202	264	25	saudi	saudi	PROPN
ajfa-14202	264	26	arabia	arabia	PROPN
ajfa-14202	264	27	and	and	CCONJ
ajfa-14202	264	28	vietnam	vietnam	PROPN
ajfa-14202	264	29	.	.	PUNCT
ajfa-14202	265	1	saudi	saudi	PROPN
ajfa-14202	265	2	arabia	arabia	PROPN
ajfa-14202	265	3	has	have	AUX
ajfa-14202	265	4	seen	see	VERB
ajfa-14202	265	5	uptrend	uptrend	NOUN
ajfa-14202	265	6	in	in	ADP
ajfa-14202	265	7	its	its	PRON
ajfa-14202	265	8	stock	stock	NOUN
ajfa-14202	265	9	market	market	NOUN
ajfa-14202	265	10	performance	performance	NOUN
ajfa-14202	265	11	since	since	SCONJ
ajfa-14202	265	12	2014	2014	NUM
ajfa-14202	265	13	when	when	SCONJ
ajfa-14202	265	14	it	it	PRON
ajfa-14202	265	15	opened	open	VERB
ajfa-14202	265	16	it	it	PRON
ajfa-14202	265	17	up	up	ADP
ajfa-14202	265	18	for	for	ADP
ajfa-14202	265	19	foreign	foreign	ADJ
ajfa-14202	265	20	investors	investor	NOUN
ajfa-14202	265	21	.	.	PUNCT
ajfa-14202	266	1	though	though	SCONJ
ajfa-14202	266	2	the	the	DET
ajfa-14202	266	3	country	country	NOUN
ajfa-14202	266	4	experienced	experience	VERB
ajfa-14202	266	5	lows	low	NOUN
ajfa-14202	266	6	due	due	ADP
ajfa-14202	266	7	to	to	ADP
ajfa-14202	266	8	major	major	ADJ
ajfa-14202	266	9	drop	drop	NOUN
ajfa-14202	266	10	in	in	ADP
ajfa-14202	266	11	oil	oil	NOUN
ajfa-14202	266	12	prices	price	NOUN
ajfa-14202	266	13	following	follow	VERB
ajfa-14202	266	14	the	the	DET
ajfa-14202	266	15	global	global	ADJ
ajfa-14202	266	16	financial	financial	ADJ
ajfa-14202	266	17	crisis	crisis	NOUN
ajfa-14202	266	18	,	,	PUNCT
ajfa-14202	266	19	tasi	tasi	PROPN
ajfa-14202	266	20	lifted	lift	VERB
ajfa-14202	266	21	the	the	DET
ajfa-14202	266	22	benchmark	benchmark	NOUN
ajfa-14202	266	23	by	by	ADP
ajfa-14202	266	24	38	38	NUM
ajfa-14202	266	25	%	%	NOUN
ajfa-14202	266	26	since	since	SCONJ
ajfa-14202	266	27	2013	2013	NUM
ajfa-14202	266	28	.	.	PUNCT
ajfa-14202	267	1	in	in	ADP
ajfa-14202	267	2	case	case	NOUN
ajfa-14202	267	3	of	of	ADP
ajfa-14202	267	4	russia	russia	PROPN
ajfa-14202	267	5	,	,	PUNCT
ajfa-14202	267	6	the	the	DET
ajfa-14202	267	7	micex	micex	NOUN
ajfa-14202	267	8	indices	index	NOUN
ajfa-14202	267	9	demonstrated	demonstrate	VERB
ajfa-14202	267	10	intense	intense	ADJ
ajfa-14202	267	11	vintages	vintage	NOUN
ajfa-14202	267	12	in	in	ADP
ajfa-14202	267	13	2008	2008	NUM
ajfa-14202	267	14	and	and	CCONJ
ajfa-14202	267	15	2009	2009	NUM
ajfa-14202	267	16	.	.	PUNCT
ajfa-14202	268	1	later	later	ADV
ajfa-14202	268	2	neither	neither	CCONJ
ajfa-14202	268	3	the	the	DET
ajfa-14202	268	4	economic	economic	ADJ
ajfa-14202	268	5	sanctions	sanction	NOUN
ajfa-14202	268	6	on	on	ADP
ajfa-14202	268	7	russia	russia	PROPN
ajfa-14202	268	8	nor	nor	CCONJ
ajfa-14202	268	9	did	do	VERB
ajfa-14202	268	10	the	the	DET
ajfa-14202	268	11	period	period	NOUN
ajfa-14202	268	12	of	of	ADP
ajfa-14202	268	13	ukrainian	ukrainian	ADJ
ajfa-14202	268	14	crisis	crisis	NOUN
ajfa-14202	268	15	impact	impact	NOUN
ajfa-14202	268	16	the	the	DET
ajfa-14202	268	17	indices	index	NOUN
ajfa-14202	268	18	in	in	ADP
ajfa-14202	268	19	a	a	DET
ajfa-14202	268	20	major	major	ADJ
ajfa-14202	268	21	way	way	NOUN
ajfa-14202	268	22	.	.	PUNCT
ajfa-14202	269	1	only	only	ADV
ajfa-14202	269	2	the	the	DET
ajfa-14202	269	3	micex	micex	PROPN
ajfa-14202	269	4	financial	financial	ADJ
ajfa-14202	269	5	index	index	NOUN
ajfa-14202	269	6	exhibited	exhibit	VERB
ajfa-14202	269	7	major	major	ADJ
ajfa-14202	269	8	losses	loss	NOUN
ajfa-14202	269	9	and	and	CCONJ
ajfa-14202	269	10	high	high	ADJ
ajfa-14202	269	11	volatility	volatility	NOUN
ajfa-14202	269	12	.	.	PUNCT
ajfa-14202	270	1	vietnam	vietnam	PROPN
ajfa-14202	270	2	saw	see	VERB
ajfa-14202	270	3	a	a	DET
ajfa-14202	270	4	series	series	NOUN
ajfa-14202	270	5	of	of	ADP
ajfa-14202	270	6	positive	positive	ADJ
ajfa-14202	270	7	events	event	NOUN
ajfa-14202	270	8	impacting	impact	VERB
ajfa-14202	270	9	their	their	PRON
ajfa-14202	270	10	economy	economy	NOUN
ajfa-14202	270	11	since	since	SCONJ
ajfa-14202	270	12	the	the	DET
ajfa-14202	270	13	government	government	NOUN
ajfa-14202	270	14	scrapped	scrap	VERB
ajfa-14202	270	15	the	the	DET
ajfa-14202	270	16	law	law	NOUN
ajfa-14202	270	17	limiting	limit	VERB
ajfa-14202	270	18	foreign	foreign	ADJ
ajfa-14202	270	19	investments	investment	NOUN
ajfa-14202	270	20	and	and	CCONJ
ajfa-14202	270	21	the	the	DET
ajfa-14202	270	22	modification	modification	NOUN
ajfa-14202	270	23	of	of	ADP
ajfa-14202	270	24	their	their	PRON
ajfa-14202	270	25	securities	security	NOUN
ajfa-14202	270	26	law	law	NOUN
ajfa-14202	270	27	which	which	PRON
ajfa-14202	270	28	lead	lead	VERB
ajfa-14202	270	29	to	to	ADP
ajfa-14202	270	30	a	a	DET
ajfa-14202	270	31	boom	boom	NOUN
ajfa-14202	270	32	of	of	ADP
ajfa-14202	270	33	its	its	PRON
ajfa-14202	270	34	stock	stock	NOUN
ajfa-14202	270	35	market	market	NOUN
ajfa-14202	270	36	.	.	PUNCT
ajfa-14202	271	1	thus	thus	ADV
ajfa-14202	271	2	the	the	DET
ajfa-14202	271	3	results	result	NOUN
ajfa-14202	271	4	are	be	AUX
ajfa-14202	271	5	in	in	ADP
ajfa-14202	271	6	tune	tune	NOUN
ajfa-14202	271	7	with	with	ADP
ajfa-14202	271	8	international	international	ADJ
ajfa-14202	271	9	evidence	evidence	NOUN
ajfa-14202	271	10	of	of	ADP
ajfa-14202	271	11	financial	financial	ADJ
ajfa-14202	271	12	data	datum	NOUN
ajfa-14202	271	13	exhibiting	exhibit	VERB
ajfa-14202	271	14	the	the	DET
ajfa-14202	271	15	phenomenon	phenomenon	NOUN
ajfa-14202	271	16	of	of	ADP
ajfa-14202	271	17	volatility	volatility	NOUN
ajfa-14202	271	18	clustering	clustering	NOUN
ajfa-14202	271	19	,	,	PUNCT
ajfa-14202	271	20	fat	fat	ADJ
ajfa-14202	271	21	tailed	tail	VERB
ajfa-14202	271	22	distribution	distribution	NOUN
ajfa-14202	271	23	,	,	PUNCT
ajfa-14202	271	24	persistence	persistence	NOUN
ajfa-14202	271	25	and	and	CCONJ
ajfa-14202	271	26	asymmetrical	asymmetrical	ADJ
ajfa-14202	271	27	effects	effect	NOUN
ajfa-14202	271	28	.	.	PUNCT
ajfa-14202	272	1	references	reference	NOUN
ajfa-14202	272	2	aboura	aboura	PROPN
ajfa-14202	272	3	,	,	PUNCT
ajfa-14202	272	4	s.	s.	PROPN
ajfa-14202	272	5	and	and	CCONJ
ajfa-14202	272	6	wagner	wagner	PROPN
ajfa-14202	272	7	,	,	PUNCT
ajfa-14202	272	8	n.	n.	PROPN
ajfa-14202	272	9	(	(	PUNCT
ajfa-14202	272	10	2016	2016	NUM
ajfa-14202	272	11	)	)	PUNCT
ajfa-14202	272	12	.	.	PUNCT
ajfa-14202	273	1	extreme	extreme	ADJ
ajfa-14202	273	2	asymmetric	asymmetric	ADJ
ajfa-14202	273	3	volatility	volatility	NOUN
ajfa-14202	273	4	:	:	PUNCT
ajfa-14202	273	5	stress	stress	NOUN
ajfa-14202	273	6	and	and	CCONJ
ajfa-14202	273	7	aggregate	aggregate	VERB
ajfa-14202	273	8	asset	asset	NOUN
ajfa-14202	273	9	prices	price	NOUN
ajfa-14202	273	10	.	.	PUNCT
ajfa-14202	274	1	journal	journal	PROPN
ajfa-14202	274	2	of	of	ADP
ajfa-14202	274	3	international	international	ADJ
ajfa-14202	274	4	financial	financial	ADJ
ajfa-14202	274	5	markets	market	NOUN
ajfa-14202	274	6	,	,	PUNCT
ajfa-14202	274	7	institutions	institution	NOUN
ajfa-14202	274	8	&	&	CCONJ
ajfa-14202	274	9	money	money	NOUN
ajfa-14202	274	10	,	,	PUNCT
ajfa-14202	274	11	41	41	NUM
ajfa-14202	274	12	,	,	PUNCT
ajfa-14202	274	13	47	47	NUM
ajfa-14202	274	14	-	-	SYM
ajfa-14202	274	15	59	59	NUM
ajfa-14202	274	16	.	.	PUNCT
ajfa-14202	275	1	https://doi.org/10.1016/j.intfin.2015.12.004	https://doi.org/10.1016/j.intfin.2015.12.004	NOUN
ajfa-14202	275	2	asian	asian	PROPN
ajfa-14202	275	3	journal	journal	PROPN
ajfa-14202	275	4	of	of	ADP
ajfa-14202	275	5	finance	finance	PROPN
ajfa-14202	275	6	&	&	CCONJ
ajfa-14202	275	7	accounting	accounting	PROPN
ajfa-14202	275	8	issn	issn	PROPN
ajfa-14202	275	9	1946	1946	NUM
ajfa-14202	275	10	-	-	PUNCT
ajfa-14202	275	11	052x	052x	PROPN
ajfa-14202	275	12	2019	2019	NUM
ajfa-14202	275	13	,	,	PUNCT
ajfa-14202	275	14	vol	vol	NOUN
ajfa-14202	275	15	.	.	PROPN
ajfa-14202	275	16	11	11	NUM
ajfa-14202	275	17	,	,	PUNCT
ajfa-14202	275	18	no	no	INTJ
ajfa-14202	275	19	.	.	NOUN
ajfa-14202	275	20	1	1	NUM
ajfa-14202	275	21	61	61	NUM
ajfa-14202	275	22	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	275	23	asgharian	asgharian	ADJ
ajfa-14202	275	24	,	,	PUNCT
ajfa-14202	275	25	h.	h.	PROPN
ajfa-14202	275	26	(	(	PUNCT
ajfa-14202	275	27	2016	2016	NUM
ajfa-14202	275	28	)	)	PUNCT
ajfa-14202	275	29	.	.	PUNCT
ajfa-14202	276	1	empirical	empirical	ADJ
ajfa-14202	276	2	finance	finance	NOUN
ajfa-14202	276	3	lecture	lecture	NOUN
ajfa-14202	276	4	notes	note	NOUN
ajfa-14202	276	5	.	.	PUNCT
ajfa-14202	277	1	lund	lund	PROPN
ajfa-14202	277	2	university	university	PROPN
ajfa-14202	277	3	.	.	PUNCT
ajfa-14202	278	1	a	a	DET
ajfa-14202	278	2	taste	taste	NOUN
ajfa-14202	278	3	of	of	ADP
ajfa-14202	278	4	the	the	DET
ajfa-14202	278	5	efficient	efficient	ADJ
ajfa-14202	278	6	market	market	NOUN
ajfa-14202	278	7	hypothesis	hypothesis	NOUN
ajfa-14202	278	8	.	.	PUNCT
ajfa-14202	279	1	journal	journal	PROPN
ajfa-14202	279	2	of	of	ADP
ajfa-14202	279	3	finance	finance	NOUN
ajfa-14202	279	4	,	,	PUNCT
ajfa-14202	279	5	32	32	NUM
ajfa-14202	279	6	,	,	PUNCT
ajfa-14202	279	7	663	663	NUM
ajfa-14202	279	8	-	-	SYM
ajfa-14202	279	9	682	682	NUM
ajfa-14202	279	10	.	.	PUNCT
ajfa-14202	280	1	akaike	akaike	ADJ
ajfa-14202	280	2	,	,	PUNCT
ajfa-14202	280	3	h.	h.	PROPN
ajfa-14202	280	4	(	(	PUNCT
ajfa-14202	280	5	1973	1973	NUM
ajfa-14202	280	6	)	)	PUNCT
ajfa-14202	280	7	.	.	PUNCT
ajfa-14202	281	1	a	a	DET
ajfa-14202	281	2	new	new	ADJ
ajfa-14202	281	3	look	look	NOUN
ajfa-14202	281	4	at	at	ADP
ajfa-14202	281	5	the	the	DET
ajfa-14202	281	6	statistical	statistical	ADJ
ajfa-14202	281	7	model	model	NOUN
ajfa-14202	281	8	identification	identification	NOUN
ajfa-14202	281	9	.	.	PUNCT
ajfa-14202	282	1	ieee	ieee	NOUN
ajfa-14202	282	2	transactions	transaction	NOUN
ajfa-14202	282	3	on	on	ADP
ajfa-14202	282	4	automatic	automatic	ADJ
ajfa-14202	282	5	control	control	NOUN
ajfa-14202	282	6	,	,	PUNCT
ajfa-14202	282	7	6(19),716	6(19),716	PROPN
ajfa-14202	282	8	–	–	PUNCT
ajfa-14202	282	9	723	723	NUM
ajfa-14202	282	10	.	.	PUNCT
ajfa-14202	282	11	akpan	akpan	PROPN
ajfa-14202	282	12	,	,	PUNCT
ajfa-14202	282	13	e.	e.	PROPN
ajfa-14202	282	14	a.	a.	PROPN
ajfa-14202	282	15	,	,	PUNCT
ajfa-14202	282	16	&	&	CCONJ
ajfa-14202	282	17	moffat	moffat	PROPN
ajfa-14202	282	18	,	,	PUNCT
ajfa-14202	282	19	i.	i.	PROPN
ajfa-14202	282	20	u.	u.	PROPN
ajfa-14202	282	21	(	(	PUNCT
ajfa-14202	282	22	2015	2015	NUM
ajfa-14202	282	23	)	)	PUNCT
ajfa-14202	282	24	.	.	PUNCT
ajfa-14202	283	1	arch	arch	ADJ
ajfa-14202	283	2	modeling	modeling	NOUN
ajfa-14202	283	3	of	of	ADP
ajfa-14202	283	4	the	the	DET
ajfa-14202	283	5	returns	return	NOUN
ajfa-14202	283	6	of	of	ADP
ajfa-14202	283	7	first	first	ADJ
ajfa-14202	283	8	bank	bank	PROPN
ajfa-14202	283	9	of	of	ADP
ajfa-14202	283	10	nigeria	nigeria	PROPN
ajfa-14202	283	11	.	.	PUNCT
ajfa-14202	284	1	american	american	PROPN
ajfa-14202	284	2	journal	journal	PROPN
ajfa-14202	284	3	of	of	ADP
ajfa-14202	284	4	science	science	NOUN
ajfa-14202	284	5	and	and	CCONJ
ajfa-14202	284	6	industrial	industrial	ADJ
ajfa-14202	284	7	research	research	NOUN
ajfa-14202	284	8	,	,	PUNCT
ajfa-14202	284	9	6(6	6(6	ADJ
ajfa-14202	284	10	)	)	PUNCT
ajfa-14202	284	11	,	,	PUNCT
ajfa-14202	284	12	131	131	NUM
ajfa-14202	284	13	-	-	SYM
ajfa-14202	284	14	140	140	NUM
ajfa-14202	284	15	.	.	PUNCT
ajfa-14202	285	1	https://doi.org/10.5251/ajsir.2015.6.6131.140	https://doi.org/10.5251/ajsir.2015.6.6131.140	PROPN
ajfa-14202	285	2	akpan	akpan	PROPN
ajfa-14202	285	3	,	,	PUNCT
ajfa-14202	285	4	e.	e.	PROPN
ajfa-14202	285	5	a.	a.	PROPN
ajfa-14202	285	6	,	,	PUNCT
ajfa-14202	285	7	moffat	moffat	PROPN
ajfa-14202	285	8	,	,	PUNCT
ajfa-14202	285	9	i.	i.	PROPN
ajfa-14202	285	10	u.	u.	PROPN
ajfa-14202	285	11	,and	,and	PUNCT
ajfa-14202	285	12	ekpo	ekpo	PROPN
ajfa-14202	285	13	,	,	PUNCT
ajfa-14202	285	14	n.b	n.b	PROPN
ajfa-14202	285	15	.	.	PROPN
ajfa-14202	285	16	(	(	PUNCT
ajfa-14202	285	17	2016	2016	NUM
ajfa-14202	285	18	)	)	PUNCT
ajfa-14202	285	19	.	.	PUNCT
ajfa-14202	286	1	arma	arma	PROPN
ajfa-14202	286	2	–	–	PUNCT
ajfa-14202	286	3	arch	arch	ADJ
ajfa-14202	286	4	modeling	modeling	NOUN
ajfa-14202	286	5	of	of	ADP
ajfa-14202	286	6	the	the	DET
ajfa-14202	286	7	returns	return	NOUN
ajfa-14202	286	8	of	of	ADP
ajfa-14202	286	9	first	first	ADJ
ajfa-14202	286	10	bank	bank	PROPN
ajfa-14202	286	11	of	of	ADP
ajfa-14202	286	12	nigeria	nigeria	PROPN
ajfa-14202	286	13	.	.	PUNCT
ajfa-14202	287	1	european	european	ADJ
ajfa-14202	287	2	scientific	scientific	ADJ
ajfa-14202	287	3	journal	journal	NOUN
ajfa-14202	287	4	.	.	PUNCT
ajfa-14202	288	1	12(8	12(8	X
ajfa-14202	288	2	)	)	PUNCT
ajfa-14202	288	3	,	,	PUNCT
ajfa-14202	288	4	257–266	257–266	NUM
ajfa-14202	288	5	.	.	PUNCT
ajfa-14202	289	1	https://doi.org/10.19044/esj.2016.v12n18p257	https://doi.org/10.19044/esj.2016.v12n18p257	NOUN
ajfa-14202	289	2	asteriou	asteriou	ADV
ajfa-14202	289	3	,	,	PUNCT
ajfa-14202	289	4	d.	d.	PROPN
ajfa-14202	289	5	,	,	PUNCT
ajfa-14202	289	6	&	&	CCONJ
ajfa-14202	289	7	hall	hall	PROPN
ajfa-14202	289	8	,	,	PUNCT
ajfa-14202	289	9	s.	s.	PROPN
ajfa-14202	289	10	g.	g.	PROPN
ajfa-14202	289	11	(	(	PUNCT
ajfa-14202	289	12	2007	2007	NUM
ajfa-14202	289	13	)	)	PUNCT
ajfa-14202	289	14	.	.	PUNCT
ajfa-14202	290	1	applied	apply	VERB
ajfa-14202	290	2	econometrics	econometric	NOUN
ajfa-14202	290	3	.	.	PUNCT
ajfa-14202	291	1	a	a	DET
ajfa-14202	291	2	modern	modern	ADJ
ajfa-14202	291	3	approach	approach	NOUN
ajfa-14202	291	4	.	.	PUNCT
ajfa-14202	292	1	publisher	publisher	NOUN
ajfa-14202	292	2	:	:	PUNCT
ajfa-14202	293	1	palgrave	palgrave	PROPN
ajfa-14202	293	2	macmillan	macmillan	PROPN
ajfa-14202	293	3	.	.	PUNCT
ajfa-14202	293	4	atoi	atoi	PROPN
ajfa-14202	293	5	,	,	PUNCT
ajfa-14202	293	6	n.	n.	PROPN
ajfa-14202	293	7	v.	v.	PROPN
ajfa-14202	293	8	(	(	PUNCT
ajfa-14202	293	9	2014	2014	NUM
ajfa-14202	293	10	)	)	PUNCT
ajfa-14202	293	11	.	.	PUNCT
ajfa-14202	294	1	testing	test	VERB
ajfa-14202	294	2	volatility	volatility	NOUN
ajfa-14202	294	3	in	in	ADP
ajfa-14202	294	4	nigerian	nigerian	ADJ
ajfa-14202	294	5	stock	stock	NOUN
ajfa-14202	294	6	market	market	NOUN
ajfa-14202	294	7	using	use	VERB
ajfa-14202	294	8	garch	garch	NOUN
ajfa-14202	294	9	models	model	NOUN
ajfa-14202	294	10	.	.	PUNCT
ajfa-14202	295	1	cbn	cbn	PROPN
ajfa-14202	295	2	journal	journal	PROPN
ajfa-14202	295	3	of	of	ADP
ajfa-14202	295	4	applied	applied	ADJ
ajfa-14202	295	5	statistics	statistic	NOUN
ajfa-14202	295	6	,	,	PUNCT
ajfa-14202	295	7	5(2	5(2	NUM
ajfa-14202	295	8	)	)	PUNCT
ajfa-14202	295	9	.	.	PUNCT
ajfa-14202	296	1	basu	basu	PROPN
ajfa-14202	296	2	,	,	PUNCT
ajfa-14202	296	3	s.	s.	PROPN
ajfa-14202	296	4	(	(	PUNCT
ajfa-14202	296	5	1977	1977	NUM
ajfa-14202	296	6	)	)	PUNCT
ajfa-14202	296	7	.	.	PUNCT
ajfa-14202	297	1	investment	investment	NOUN
ajfa-14202	297	2	performance	performance	NOUN
ajfa-14202	297	3	of	of	ADP
ajfa-14202	297	4	common	common	ADJ
ajfa-14202	297	5	stocks	stock	NOUN
ajfa-14202	297	6	in	in	ADP
ajfa-14202	297	7	relation	relation	NOUN
ajfa-14202	297	8	to	to	ADP
ajfa-14202	297	9	their	their	PRON
ajfa-14202	297	10	price	price	NOUN
ajfa-14202	297	11	-	-	PUNCT
ajfa-14202	297	12	earnings	earning	NOUN
ajfa-14202	297	13	ratios	ratio	NOUN
ajfa-14202	297	14	.	.	PUNCT
ajfa-14202	298	1	bekaert	bekaert	PROPN
ajfa-14202	298	2	,	,	PUNCT
ajfa-14202	298	3	g.	g.	PROPN
ajfa-14202	298	4	,	,	PUNCT
ajfa-14202	298	5	&	&	CCONJ
ajfa-14202	298	6	wu	wu	PROPN
ajfa-14202	298	7	,	,	PUNCT
ajfa-14202	298	8	g.	g.	PROPN
ajfa-14202	298	9	(	(	PUNCT
ajfa-14202	298	10	2000	2000	NUM
ajfa-14202	298	11	)	)	PUNCT
ajfa-14202	298	12	.	.	PUNCT
ajfa-14202	299	1	asymmetric	asymmetric	ADJ
ajfa-14202	299	2	volatility	volatility	NOUN
ajfa-14202	299	3	and	and	CCONJ
ajfa-14202	299	4	risk	risk	NOUN
ajfa-14202	299	5	in	in	ADP
ajfa-14202	299	6	equity	equity	NOUN
ajfa-14202	299	7	markets	market	NOUN
ajfa-14202	299	8	.	.	PUNCT
ajfa-14202	300	1	review	review	NOUN
ajfa-14202	300	2	of	of	ADP
ajfa-14202	300	3	financial	financial	ADJ
ajfa-14202	300	4	studies	study	NOUN
ajfa-14202	300	5	,	,	PUNCT
ajfa-14202	300	6	13	13	NUM
ajfa-14202	300	7	,	,	PUNCT
ajfa-14202	300	8	1	1	NUM
ajfa-14202	300	9	-	-	SYM
ajfa-14202	300	10	42	42	NUM
ajfa-14202	300	11	.	.	PUNCT
ajfa-14202	301	1	https://doi.org/10.1093/rfs/13.1.1	https://doi.org/10.1093/rfs/13.1.1	NOUN
ajfa-14202	301	2	box	box	NOUN
ajfa-14202	301	3	,	,	PUNCT
ajfa-14202	301	4	g.	g.	PROPN
ajfa-14202	301	5	e.	e.	PROPN
ajfa-14202	301	6	p.	p.	PROPN
ajfa-14202	301	7	,	,	PUNCT
ajfa-14202	301	8	jenkins	jenkins	PROPN
ajfa-14202	301	9	,	,	PUNCT
ajfa-14202	301	10	g.	g.	PROPN
ajfa-14202	301	11	m.	m.	PROPN
ajfa-14202	301	12	,	,	PUNCT
ajfa-14202	301	13	&	&	CCONJ
ajfa-14202	301	14	reinsel	reinsel	PROPN
ajfa-14202	301	15	,	,	PUNCT
ajfa-14202	301	16	g.	g.	PROPN
ajfa-14202	301	17	c.	c.	PROPN
ajfa-14202	301	18	(	(	PUNCT
ajfa-14202	301	19	2008	2008	NUM
ajfa-14202	301	20	)	)	PUNCT
ajfa-14202	301	21	.	.	PUNCT
ajfa-14202	302	1	time	time	NOUN
ajfa-14202	302	2	series	series	PROPN
ajfa-14202	302	3	analysis	analysis	NOUN
ajfa-14202	302	4	:	:	PUNCT
ajfa-14202	302	5	forecasting	forecasting	NOUN
ajfa-14202	302	6	and	and	CCONJ
ajfa-14202	302	7	control	control	NOUN
ajfa-14202	302	8	.	.	PUNCT
ajfa-14202	303	1	(	(	PUNCT
ajfa-14202	303	2	3rded	3rded	NUM
ajfa-14202	303	3	.	.	NUM
ajfa-14202	303	4	)	)	PUNCT
ajfa-14202	303	5	.	.	PUNCT
ajfa-14202	304	1	new	new	PROPN
ajfa-14202	304	2	jersey	jersey	PROPN
ajfa-14202	304	3	:	:	PUNCT
ajfa-14202	304	4	wiley	wiley	PROPN
ajfa-14202	304	5	and	and	CCONJ
ajfa-14202	304	6	sons	son	NOUN
ajfa-14202	304	7	,	,	PUNCT
ajfa-14202	304	8	47	47	NUM
ajfa-14202	304	9	-	-	SYM
ajfa-14202	304	10	89	89	NUM
ajfa-14202	304	11	.	.	PUNCT
ajfa-14202	304	12	https://doi.org/10.1002/9781118619193	https://doi.org/10.1002/9781118619193	PUNCT
ajfa-14202	305	1	brockwell	brockwell	PROPN
ajfa-14202	305	2	,	,	PUNCT
ajfa-14202	305	3	p.	p.	PROPN
ajfa-14202	305	4	j.	j.	PROPN
ajfa-14202	305	5	,	,	PUNCT
ajfa-14202	305	6	&	&	CCONJ
ajfa-14202	305	7	davis	davis	PROPN
ajfa-14202	305	8	,	,	PUNCT
ajfa-14202	305	9	r.	r.	PROPN
ajfa-14202	305	10	a.	a.	PROPN
ajfa-14202	305	11	(	(	PUNCT
ajfa-14202	305	12	2002	2002	NUM
ajfa-14202	305	13	)	)	PUNCT
ajfa-14202	305	14	.	.	PUNCT
ajfa-14202	306	1	introduction	introduction	NOUN
ajfa-14202	306	2	to	to	ADP
ajfa-14202	306	3	time	time	NOUN
ajfa-14202	306	4	series	series	NOUN
ajfa-14202	306	5	and	and	CCONJ
ajfa-14202	306	6	forecasting	forecasting	NOUN
ajfa-14202	306	7	.	.	PUNCT
ajfa-14202	307	1	(	(	PUNCT
ajfa-14202	307	2	2nded	2nded	NUM
ajfa-14202	307	3	.	.	PUNCT
ajfa-14202	307	4	)	)	PUNCT
ajfa-14202	307	5	.	.	PUNCT
ajfa-14202	308	1	springer	springer	NOUN
ajfa-14202	308	2	,	,	PUNCT
ajfa-14202	308	3	83	83	NUM
ajfa-14202	308	4	–	–	SYM
ajfa-14202	308	5	219	219	NUM
ajfa-14202	308	6	.	.	PUNCT
ajfa-14202	309	1	https://doi.org/10.1007/0-387-21657-x_3	https://doi.org/10.1007/0-387-21657-x_3	NOUN
ajfa-14202	309	2	campbell	campbell	PROPN
ajfa-14202	309	3	,	,	PUNCT
ajfa-14202	309	4	j.	j.	PROPN
ajfa-14202	309	5	a.	a.	PROPN
ajfa-14202	309	6	,	,	PUNCT
ajfa-14202	309	7	lo	lo	PROPN
ajfa-14202	309	8	,	,	PUNCT
ajfa-14202	309	9	a.	a.	PROPN
ajfa-14202	309	10	w.	w.	PROPN
ajfa-14202	309	11	,	,	PUNCT
ajfa-14202	309	12	&	&	CCONJ
ajfa-14202	309	13	macinlay	macinlay	PROPN
ajfa-14202	309	14	,	,	PUNCT
ajfa-14202	309	15	a.	a.	NOUN
ajfa-14202	309	16	c.	c.	PROPN
ajfa-14202	309	17	(	(	PUNCT
ajfa-14202	309	18	1998	1998	NUM
ajfa-14202	309	19	)	)	PUNCT
ajfa-14202	309	20	.	.	PUNCT
ajfa-14202	310	1	the	the	DET
ajfa-14202	310	2	econometrics	econometric	NOUN
ajfa-14202	310	3	of	of	ADP
ajfa-14202	310	4	financial	financial	ADJ
ajfa-14202	310	5	markets	market	NOUN
ajfa-14202	310	6	.	.	PUNCT
ajfa-14202	311	1	new	new	PROPN
ajfa-14202	311	2	jersey	jersey	PROPN
ajfa-14202	311	3	:	:	PUNCT
ajfa-14202	311	4	princeton	princeton	PROPN
ajfa-14202	311	5	university	university	PROPN
ajfa-14202	311	6	press	press	NOUN
ajfa-14202	311	7	.	.	PUNCT
ajfa-14202	312	1	chan	chan	PROPN
ajfa-14202	312	2	,	,	PUNCT
ajfa-14202	312	3	k.	k.	PROPN
ajfa-14202	312	4	c.	c.	PROPN
ajfa-14202	312	5	,	,	PUNCT
ajfa-14202	312	6	and	and	CCONJ
ajfa-14202	312	7	chen	chen	PROPN
ajfa-14202	312	8	,	,	PUNCT
ajfa-14202	312	9	n.	n.	PROPN
ajfa-14202	312	10	f.	f.	PROPN
ajfa-14202	312	11	(	(	PUNCT
ajfa-14202	312	12	1991	1991	NUM
ajfa-14202	312	13	)	)	PUNCT
ajfa-14202	312	14	.	.	PUNCT
ajfa-14202	313	1	structural	structural	ADJ
ajfa-14202	313	2	and	and	CCONJ
ajfa-14202	313	3	return	return	VERB
ajfa-14202	313	4	characteristics	characteristic	NOUN
ajfa-14202	313	5	of	of	ADP
ajfa-14202	313	6	small	small	ADJ
ajfa-14202	313	7	and	and	CCONJ
ajfa-14202	313	8	large	large	ADJ
ajfa-14202	313	9	firms	firm	NOUN
ajfa-14202	313	10	.	.	PUNCT
ajfa-14202	314	1	journal	journal	PROPN
ajfa-14202	314	2	of	of	ADP
ajfa-14202	314	3	finance	finance	NOUN
ajfa-14202	314	4	,	,	PUNCT
ajfa-14202	314	5	46	46	NUM
ajfa-14202	314	6	,	,	PUNCT
ajfa-14202	314	7	1467	1467	NUM
ajfa-14202	314	8	-	-	SYM
ajfa-14202	314	9	1484	1484	NUM
ajfa-14202	314	10	.	.	PUNCT
ajfa-14202	315	1	https://doi.org/10.1111/j.1540-6261.1991.tb04626.x	https://doi.org/10.1111/j.1540-6261.1991.tb04626.x	PROPN
ajfa-14202	315	2	cheung	cheung	PROPN
ajfa-14202	315	3	,	,	PUNCT
ajfa-14202	315	4	j.	j.	PROPN
ajfa-14202	315	5	,	,	PUNCT
ajfa-14202	315	6	&	&	CCONJ
ajfa-14202	315	7	ng	ng	PROPN
ajfa-14202	315	8	,	,	PUNCT
ajfa-14202	315	9	l.	l.	PROPN
ajfa-14202	315	10	(	(	PUNCT
ajfa-14202	315	11	1992	1992	NUM
ajfa-14202	315	12	)	)	PUNCT
ajfa-14202	315	13	.	.	PUNCT
ajfa-14202	316	1	stock	stock	NOUN
ajfa-14202	316	2	price	price	NOUN
ajfa-14202	316	3	dynamics	dynamic	NOUN
ajfa-14202	316	4	engle	engle	PROPN
ajfa-14202	316	5	,	,	PUNCT
ajfa-14202	316	6	r.	r.	PROPN
ajfa-14202	316	7	f.	f.	PROPN
ajfa-14202	316	8	(	(	PUNCT
ajfa-14202	316	9	1982	1982	NUM
ajfa-14202	316	10	)	)	PUNCT
ajfa-14202	316	11	.	.	PUNCT
ajfa-14202	317	1	autoregressive	autoregressive	ADJ
ajfa-14202	317	2	conditional	conditional	ADJ
ajfa-14202	317	3	heteroskedasticity	heteroskedasticity	NOUN
ajfa-14202	317	4	with	with	ADP
ajfa-14202	317	5	estimates	estimate	NOUN
ajfa-14202	317	6	of	of	ADP
ajfa-14202	317	7	the	the	DET
ajfa-14202	317	8	variance	variance	NOUN
ajfa-14202	317	9	of	of	ADP
ajfa-14202	317	10	united	united	PROPN
ajfa-14202	317	11	kingdom	kingdom	PROPN
ajfa-14202	317	12	inflation	inflation	NOUN
ajfa-14202	317	13	.	.	PUNCT
ajfa-14202	318	1	econometrica	econometrica	PROPN
ajfa-14202	318	2	,	,	PUNCT
ajfa-14202	318	3	50	50	NUM
ajfa-14202	318	4	,	,	PUNCT
ajfa-14202	318	5	987	987	NUM
ajfa-14202	318	6	-	-	SYM
ajfa-14202	318	7	1007	1007	NUM
ajfa-14202	318	8	.	.	PUNCT
ajfa-14202	319	1	emenike	emenike	PROPN
ajfa-14202	319	2	,	,	PUNCT
ajfa-14202	319	3	k.o	k.o	PROPN
ajfa-14202	319	4	.	.	PROPN
ajfa-14202	319	5	(	(	PUNCT
ajfa-14202	319	6	2010	2010	NUM
ajfa-14202	319	7	)	)	PUNCT
ajfa-14202	319	8	.	.	PUNCT
ajfa-14202	320	1	modeling	model	VERB
ajfa-14202	320	2	stock	stock	NOUN
ajfa-14202	320	3	returns	return	NOUN
ajfa-14202	320	4	volatility	volatility	NOUN
ajfa-14202	320	5	in	in	ADP
ajfa-14202	320	6	nigeria	nigeria	PROPN
ajfa-14202	320	7	using	use	VERB
ajfa-14202	320	8	garch	garch	NOUN
ajfa-14202	320	9	models	model	NOUN
ajfa-14202	320	10	.	.	PUNCT
ajfa-14202	321	1	available	available	ADJ
ajfa-14202	321	2	at	at	ADP
ajfa-14202	321	3	http://ijsp.ccsenet.org	http://ijsp.ccsenet.org	PROPN
ajfa-14202	321	4	.	.	PUNCT
ajfa-14202	322	1	international	international	ADJ
ajfa-14202	322	2	journal	journal	PROPN
ajfa-14202	322	3	of	of	ADP
ajfa-14202	322	4	statistics	statistic	NOUN
ajfa-14202	322	5	and	and	CCONJ
ajfa-14202	322	6	probability	probability	NOUN
ajfa-14202	322	7	,	,	PUNCT
ajfa-14202	322	8	6(6	6(6	NOUN
ajfa-14202	322	9	)	)	PUNCT
ajfa-14202	322	10	,	,	PUNCT
ajfa-14202	322	11	2017	2017	NUM
ajfa-14202	322	12	.	.	PUNCT
ajfa-14202	323	1	engle	engle	PROPN
ajfa-14202	323	2	,	,	PUNCT
ajfa-14202	323	3	r.	r.	PROPN
ajfa-14202	323	4	f.	f.	PROPN
ajfa-14202	323	5	,	,	PUNCT
ajfa-14202	323	6	&	&	CCONJ
ajfa-14202	323	7	ng	ng	PROPN
ajfa-14202	323	8	,	,	PUNCT
ajfa-14202	323	9	v.k	v.k	PROPN
ajfa-14202	323	10	.	.	PROPN
ajfa-14202	323	11	(	(	PUNCT
ajfa-14202	323	12	1993	1993	NUM
ajfa-14202	323	13	)	)	PUNCT
ajfa-14202	323	14	.	.	PUNCT
ajfa-14202	324	1	measuring	measure	VERB
ajfa-14202	324	2	and	and	CCONJ
ajfa-14202	324	3	testing	test	VERB
ajfa-14202	324	4	the	the	DET
ajfa-14202	324	5	impact	impact	NOUN
ajfa-14202	324	6	of	of	ADP
ajfa-14202	324	7	news	news	NOUN
ajfa-14202	324	8	on	on	ADP
ajfa-14202	324	9	volatility	volatility	NOUN
ajfa-14202	324	10	.	.	PUNCT
ajfa-14202	325	1	journal	journal	PROPN
ajfa-14202	325	2	of	of	ADP
ajfa-14202	325	3	finance	finance	NOUN
ajfa-14202	325	4	,	,	PUNCT
ajfa-14202	325	5	48(5),1749	48(5),1749	NUM
ajfa-14202	325	6	-1778	-1778	NOUN
ajfa-14202	325	7	.	.	PUNCT
ajfa-14202	326	1	https://doi.org/10.1111/j.1540-6261.1993.tb05127.x	https://doi.org/10.1111/j.1540-6261.1993.tb05127.x	PROPN
ajfa-14202	326	2	fama	fama	PROPN
ajfa-14202	326	3	,	,	PUNCT
ajfa-14202	326	4	e.	e.	PROPN
ajfa-14202	326	5	f.	f.	PROPN
ajfa-14202	326	6	,	,	PUNCT
ajfa-14202	326	7	&	&	CCONJ
ajfa-14202	326	8	french	french	PROPN
ajfa-14202	326	9	,	,	PUNCT
ajfa-14202	326	10	k.	k.	PROPN
ajfa-14202	326	11	r.	r.	PROPN
ajfa-14202	326	12	(	(	PUNCT
ajfa-14202	326	13	1992	1992	NUM
ajfa-14202	326	14	)	)	PUNCT
ajfa-14202	326	15	.	.	PUNCT
ajfa-14202	327	1	common	common	ADJ
ajfa-14202	327	2	risk	risk	NOUN
ajfa-14202	327	3	factors	factor	NOUN
ajfa-14202	327	4	in	in	ADP
ajfa-14202	327	5	the	the	DET
ajfa-14202	327	6	returns	return	NOUN
ajfa-14202	327	7	on	on	ADP
ajfa-14202	327	8	stocks	stock	NOUN
ajfa-14202	327	9	and	and	CCONJ
ajfa-14202	327	10	bonds	bond	NOUN
ajfa-14202	327	11	.	.	PUNCT
ajfa-14202	328	1	journal	journal	NOUN
ajfa-14202	328	2	of	of	ADP
ajfa-14202	328	3	financial	financial	ADJ
ajfa-14202	328	4	economics	economic	NOUN
ajfa-14202	328	5	,	,	PUNCT
ajfa-14202	328	6	33	33	NUM
ajfa-14202	328	7	,	,	PUNCT
ajfa-14202	328	8	3	3	NUM
ajfa-14202	328	9	-	-	SYM
ajfa-14202	328	10	56	56	NUM
ajfa-14202	328	11	.	.	PUNCT
ajfa-14202	329	1	https://doi.org/10.1016/0304-405x(93)90023-5	https://doi.org/10.1016/0304-405x(93)90023-5	PROPN
ajfa-14202	329	2	asian	asian	ADJ
ajfa-14202	329	3	journal	journal	PROPN
ajfa-14202	329	4	of	of	ADP
ajfa-14202	329	5	finance	finance	PROPN
ajfa-14202	329	6	&	&	CCONJ
ajfa-14202	329	7	accounting	accounting	PROPN
ajfa-14202	329	8	issn	issn	PROPN
ajfa-14202	329	9	1946	1946	NUM
ajfa-14202	329	10	-	-	PUNCT
ajfa-14202	329	11	052x	052x	PROPN
ajfa-14202	329	12	2019	2019	NUM
ajfa-14202	329	13	,	,	PUNCT
ajfa-14202	329	14	vol	vol	NOUN
ajfa-14202	329	15	.	.	PROPN
ajfa-14202	329	16	11	11	NUM
ajfa-14202	329	17	,	,	PUNCT
ajfa-14202	329	18	no	no	INTJ
ajfa-14202	329	19	.	.	NOUN
ajfa-14202	329	20	1	1	NUM
ajfa-14202	329	21	62	62	NUM
ajfa-14202	329	22	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14202	329	23	fama	fama	NOUN
ajfa-14202	329	24	,	,	PUNCT
ajfa-14202	329	25	e.	e.	PROPN
ajfa-14202	329	26	f.	f.	PROPN
ajfa-14202	329	27	,	,	PUNCT
ajfa-14202	329	28	&	&	CCONJ
ajfa-14202	329	29	macbeth	macbeth	PROPN
ajfa-14202	329	30	,	,	PUNCT
ajfa-14202	329	31	j.	j.	PROPN
ajfa-14202	329	32	d.	d.	PROPN
ajfa-14202	329	33	(	(	PUNCT
ajfa-14202	329	34	1973	1973	NUM
ajfa-14202	329	35	)	)	PUNCT
ajfa-14202	329	36	.	.	PUNCT
ajfa-14202	330	1	risk	risk	NOUN
ajfa-14202	330	2	,	,	PUNCT
ajfa-14202	330	3	return	return	NOUN
ajfa-14202	330	4	and	and	CCONJ
ajfa-14202	330	5	equilibrium	equilibrium	NOUN
ajfa-14202	330	6	:	:	PUNCT
ajfa-14202	330	7	empirical	empirical	ADJ
ajfa-14202	330	8	tests	test	NOUN
ajfa-14202	330	9	.	.	PUNCT
ajfa-14202	331	1	the	the	DET
ajfa-14202	331	2	journal	journal	NOUN
ajfa-14202	331	3	of	of	ADP
ajfa-14202	331	4	political	political	ADJ
ajfa-14202	331	5	economy	economy	NOUN
ajfa-14202	331	6	,	,	PUNCT
ajfa-14202	331	7	81(3	81(3	NUM
ajfa-14202	331	8	)	)	PUNCT
ajfa-14202	331	9	,	,	PUNCT
ajfa-14202	331	10	607	607	NUM
ajfa-14202	331	11	-	-	SYM
ajfa-14202	331	12	636	636	NUM
ajfa-14202	331	13	.	.	PUNCT
ajfa-14202	332	1	https://doi.org/10.1086/260061	https://doi.org/10.1086/260061	PROPN
ajfa-14202	332	2	hagerud	hagerud	PROPN
ajfa-14202	332	3	,	,	PUNCT
ajfa-14202	332	4	g.	g.	PROPN
ajfa-14202	332	5	e.	e.	PROPN
ajfa-14202	332	6	(	(	PUNCT
ajfa-14202	332	7	1997	1997	NUM
ajfa-14202	332	8	)	)	PUNCT
ajfa-14202	332	9	.	.	PUNCT
ajfa-14202	333	1	specification	specification	NOUN
ajfa-14202	333	2	test	test	NOUN
ajfa-14202	333	3	for	for	ADP
ajfa-14202	333	4	asymmetric	asymmetric	ADJ
ajfa-14202	333	5	garch	garch	NOUN
ajfa-14202	333	6	.	.	PUNCT
ajfa-14202	334	1	available	available	PROPN
ajfa-14202	334	2	atswopec.hhs.se/hastef/papers/hastef0163.pdf	atswopec.hhs.se/hastef/papers/hastef0163.pdf	PROPN
ajfa-14202	334	3	.	.	PUNCT
ajfa-14202	334	4	extracted	extract	VERB
ajfa-14202	334	5	on	on	ADP
ajfa-14202	334	6	4	4	NUM
ajfa-14202	334	7	july	july	NOUN
ajfa-14202	334	8	,	,	PUNCT
ajfa-14202	334	9	2017	2017	NUM
ajfa-14202	334	10	.	.	PUNCT
ajfa-14202	335	1	jensen	jensen	PROPN
ajfa-14202	335	2	,	,	PUNCT
ajfa-14202	335	3	m.	m.	PROPN
ajfa-14202	335	4	c.	c.	PROPN
ajfa-14202	335	5	,	,	PUNCT
ajfa-14202	335	6	black	black	NOUN
ajfa-14202	335	7	,	,	PUNCT
ajfa-14202	335	8	f.	f.	PROPN
ajfa-14202	335	9	,	,	PUNCT
ajfa-14202	335	10	&	&	CCONJ
ajfa-14202	335	11	scholes	scholes	PROPN
ajfa-14202	335	12	,	,	PUNCT
ajfa-14202	335	13	m.	m.	NOUN
ajfa-14202	335	14	s.	s.	PROPN
ajfa-14202	335	15	(	(	PUNCT
ajfa-14202	335	16	1972	1972	NUM
ajfa-14202	335	17	)	)	PUNCT
ajfa-14202	335	18	.	.	PUNCT
ajfa-14202	336	1	the	the	DET
ajfa-14202	336	2	capital	capital	NOUN
ajfa-14202	336	3	asset	asset	NOUN
ajfa-14202	336	4	pricing	pricing	NOUN
ajfa-14202	336	5	model	model	NOUN
ajfa-14202	336	6	:	:	PUNCT
ajfa-14202	336	7	some	some	DET
ajfa-14202	336	8	empirical	empirical	ADJ
ajfa-14202	336	9	results	result	NOUN
ajfa-14202	336	10	.	.	PUNCT
ajfa-14202	337	1	new	new	PROPN
ajfa-14202	337	2	york	york	PROPN
ajfa-14202	337	3	:	:	PUNCT
ajfa-14202	337	4	preager	preager	PROPN
ajfa-14202	337	5	.	.	PUNCT
ajfa-14202	338	1	koller	koller	PROPN
ajfa-14202	338	2	,	,	PUNCT
ajfa-14202	338	3	t.	t.	PROPN
ajfa-14202	338	4	,	,	PUNCT
ajfa-14202	338	5	goedhart	goedhart	NOUN
ajfa-14202	338	6	,	,	PUNCT
ajfa-14202	338	7	m.	m.	NOUN
ajfa-14202	338	8	,	,	PUNCT
ajfa-14202	338	9	&	&	CCONJ
ajfa-14202	338	10	wessels	wessels	PROPN
ajfa-14202	338	11	,	,	PUNCT
ajfa-14202	338	12	d.	d.	PROPN
ajfa-14202	338	13	(	(	PUNCT
ajfa-14202	338	14	2015	2015	NUM
ajfa-14202	338	15	)	)	PUNCT
ajfa-14202	338	16	.	.	PUNCT
ajfa-14202	339	1	valuation	valuation	NOUN
ajfa-14202	339	2	;	;	PUNCT
ajfa-14202	339	3	measuring	measure	VERB
ajfa-14202	339	4	and	and	CCONJ
ajfa-14202	339	5	managing	manage	VERB
ajfa-14202	339	6	the	the	DET
ajfa-14202	339	7	value	value	NOUN
ajfa-14202	339	8	of	of	ADP
ajfa-14202	339	9	companies	company	NOUN
ajfa-14202	339	10	.	.	PUNCT
ajfa-14202	340	1	new	new	PROPN
ajfa-14202	340	2	jersey	jersey	PROPN
ajfa-14202	340	3	:	:	PUNCT
ajfa-14202	340	4	john	john	PROPN
ajfa-14202	340	5	wiley	wiley	PROPN
ajfa-14202	340	6	&	&	CCONJ
ajfa-14202	340	7	sons	son	NOUN
ajfa-14202	340	8	.	.	PUNCT
ajfa-14202	341	1	scott	scott	PROPN
ajfa-14202	341	2	,	,	PUNCT
ajfa-14202	341	3	r.	r.	PROPN
ajfa-14202	341	4	w.	w.	PROPN
ajfa-14202	341	5	(	(	PUNCT
ajfa-14202	341	6	2008	2008	NUM
ajfa-14202	341	7	)	)	PUNCT
ajfa-14202	341	8	.	.	PUNCT
ajfa-14202	342	1	institutions	institution	NOUN
ajfa-14202	342	2	and	and	CCONJ
ajfa-14202	342	3	organizations	organization	NOUN
ajfa-14202	342	4	.	.	PUNCT
ajfa-14202	343	1	ideas	idea	NOUN
ajfa-14202	343	2	and	and	CCONJ
ajfa-14202	343	3	interests	interest	NOUN
ajfa-14202	343	4	(	(	PUNCT
ajfa-14202	343	5	third	third	ADJ
ajfa-14202	343	6	edition	edition	NOUN
ajfa-14202	343	7	)	)	PUNCT
ajfa-14202	343	8	.	.	PUNCT
ajfa-14202	344	1	thousand	thousand	NUM
ajfa-14202	344	2	oaks	oak	NOUN
ajfa-14202	344	3	:	:	PUNCT
ajfa-14202	344	4	california	california	PROPN
ajfa-14202	344	5	:	:	PUNCT
ajfa-14202	344	6	sage	sage	NOUN
ajfa-14202	344	7	publications	publications	PROPN
ajfa-14202	344	8	inc	inc	PROPN
ajfa-14202	344	9	.	.	PROPN
ajfa-14202	344	10	sharpe	sharpe	PROPN
ajfa-14202	344	11	,	,	PUNCT
ajfa-14202	344	12	w.	w.	PROPN
ajfa-14202	344	13	f.	f.	PROPN
ajfa-14202	344	14	(	(	PUNCT
ajfa-14202	344	15	1964	1964	NUM
ajfa-14202	344	16	)	)	PUNCT
ajfa-14202	344	17	.	.	PUNCT
ajfa-14202	345	1	capital	capital	NOUN
ajfa-14202	345	2	asset	asset	NOUN
ajfa-14202	345	3	prices	price	NOUN
ajfa-14202	345	4	:	:	PUNCT
ajfa-14202	345	5	a	a	DET
ajfa-14202	345	6	theory	theory	NOUN
ajfa-14202	345	7	of	of	ADP
ajfa-14202	345	8	market	market	NOUN
ajfa-14202	345	9	equilibrium	equilibrium	NOUN
ajfa-14202	345	10	under	under	ADP
ajfa-14202	345	11	conditions	condition	NOUN
ajfa-14202	345	12	of	of	ADP
ajfa-14202	345	13	risks	risk	NOUN
ajfa-14202	345	14	.	.	PUNCT
ajfa-14202	346	1	the	the	DET
ajfa-14202	346	2	journal	journal	NOUN
ajfa-14202	346	3	of	of	ADP
ajfa-14202	346	4	finance	finance	NOUN
ajfa-14202	346	5	,	,	PUNCT
ajfa-14202	346	6	19	19	NUM
ajfa-14202	346	7	,	,	PUNCT
ajfa-14202	346	8	425	425	NUM
ajfa-14202	346	9	-	-	SYM
ajfa-14202	346	10	442	442	NUM
ajfa-14202	346	11	.	.	PUNCT
ajfa-14202	347	1	43	43	NUM
ajfa-14202	347	2	shefrin	shefrin	NOUN
ajfa-14202	347	3	,	,	PUNCT
ajfa-14202	347	4	h.	h.	PROPN
ajfa-14202	347	5	(	(	PUNCT
ajfa-14202	347	6	2007	2007	NUM
ajfa-14202	347	7	)	)	PUNCT
ajfa-14202	347	8	.	.	PUNCT
ajfa-14202	348	1	behavioral	behavioral	ADJ
ajfa-14202	348	2	corporate	corporate	ADJ
ajfa-14202	348	3	finance	finance	NOUN
ajfa-14202	348	4	.	.	PUNCT
ajfa-14202	349	1	new	new	PROPN
ajfa-14202	349	2	york	york	PROPN
ajfa-14202	349	3	:	:	PUNCT
ajfa-14202	349	4	mcgraw	mcgraw	PROPN
ajfa-14202	349	5	hill	hill	PROPN
ajfa-14202	349	6	.	.	PUNCT
ajfa-14202	350	1	shou	shou	PROPN
ajfa-14202	350	2	,	,	PUNCT
ajfa-14202	350	3	s.	s.	PROPN
ajfa-14202	350	4	(	(	PUNCT
ajfa-14202	350	5	2014	2014	NUM
ajfa-14202	350	6	)	)	PUNCT
ajfa-14202	350	7	.	.	PUNCT
ajfa-14202	351	1	evaluating	evaluate	VERB
ajfa-14202	351	2	a	a	DET
ajfa-14202	351	3	simple	simple	ADJ
ajfa-14202	351	4	trading	trading	NOUN
ajfa-14202	351	5	strategy	strategy	NOUN
ajfa-14202	351	6	with	with	ADP
ajfa-14202	351	7	dividend	dividend	NOUN
ajfa-14202	351	8	stocks	stock	NOUN
ajfa-14202	351	9	.	.	PUNCT
ajfa-14202	352	1	cmc	cmc	PROPN
ajfa-14202	352	2	senior	senior	ADJ
ajfa-14202	352	3	theses	theses	PROPN
ajfa-14202	352	4	.	.	PROPN
ajfa-14202	352	5	806	806	NUM
ajfa-14202	352	6	.	.	PUNCT
ajfa-14202	353	1	su	su	PROPN
ajfa-14202	353	2	,	,	PUNCT
ajfa-14202	353	3	y.	y.	PROPN
ajfa-14202	353	4	,	,	PUNCT
ajfa-14202	353	5	&	&	CCONJ
ajfa-14202	353	6	chen	chen	PROPN
ajfa-14202	353	7	,	,	PUNCT
ajfa-14202	353	8	p.	p.	NOUN
ajfa-14202	353	9	(	(	PUNCT
ajfa-14202	353	10	2009	2009	NUM
ajfa-14202	353	11	)	)	PUNCT
ajfa-14202	353	12	.	.	PUNCT
ajfa-14202	354	1	asymmetric	asymmetric	ADJ
ajfa-14202	354	2	garch	garch	NOUN
ajfa-14202	354	3	value	value	NOUN
ajfa-14202	354	4	at	at	ADP
ajfa-14202	354	5	risk	risk	NOUN
ajfa-14202	354	6	for	for	ADP
ajfa-14202	354	7	qqqq	qqqq	NOUN
ajfa-14202	354	8	.	.	PUNCT
ajfa-14202	355	1	working	work	VERB
ajfa-14202	355	2	paper	paper	NOUN
ajfa-14202	355	3	.	.	PUNCT
ajfa-14202	356	1	tsay	tsay	PROPN
ajfa-14202	356	2	,	,	PUNCT
ajfa-14202	356	3	r.	r.	PROPN
ajfa-14202	356	4	s.	s.	PROPN
ajfa-14202	356	5	(	(	PUNCT
ajfa-14202	356	6	2010	2010	NUM
ajfa-14202	356	7	)	)	PUNCT
ajfa-14202	356	8	.	.	PUNCT
ajfa-14202	357	1	analysis	analysis	NOUN
ajfa-14202	357	2	of	of	ADP
ajfa-14202	357	3	financial	financial	ADJ
ajfa-14202	357	4	time	time	NOUN
ajfa-14202	357	5	series	series	NOUN
ajfa-14202	357	6	.	.	PUNCT
ajfa-14202	358	1	(	(	PUNCT
ajfa-14202	358	2	3rd	3rd	ADJ
ajfa-14202	358	3	ed	ed	NOUN
ajfa-14202	358	4	.	.	PUNCT
ajfa-14202	358	5	)	)	PUNCT
ajfa-14202	358	6	.	.	PUNCT
ajfa-14202	359	1	new	new	PROPN
ajfa-14202	359	2	york	york	PROPN
ajfa-14202	359	3	:	:	PUNCT
ajfa-14202	359	4	john	john	PROPN
ajfa-14202	359	5	wiley	wiley	PROPN
ajfa-14202	359	6	&	&	CCONJ
ajfa-14202	359	7	sons	sons	PROPN
ajfa-14202	359	8	inc.97	inc.97	NOUN
ajfa-14202	359	9	–	–	PUNCT
ajfa-14202	359	10	140	140	NUM
ajfa-14202	359	11	.	.	PUNCT
ajfa-14202	360	1	https://doi.org/10.1002/9780470644560	https://doi.org/10.1002/9780470644560	PRON
ajfa-14202	360	2	ulbricht	ulbricht	NOUN
ajfa-14202	360	3	,	,	PUNCT
ajfa-14202	360	4	n.	n.	NOUN
ajfa-14202	360	5	,	,	PUNCT
ajfa-14202	360	6	&	&	CCONJ
ajfa-14202	360	7	weiner	weiner	NOUN
ajfa-14202	360	8	,	,	PUNCT
ajfa-14202	360	9	c.	c.	PROPN
ajfa-14202	360	10	(	(	PUNCT
ajfa-14202	360	11	2005	2005	NUM
ajfa-14202	360	12	)	)	PUNCT
ajfa-14202	360	13	.	.	PUNCT
ajfa-14202	361	1	world	world	NOUN
ajfa-14202	361	2	scope	scope	NOUN
ajfa-14202	361	3	meets	meet	VERB
ajfa-14202	361	4	compustat	compustat	NOUN
ajfa-14202	361	5	:	:	PUNCT
ajfa-14202	361	6	a	a	DET
ajfa-14202	361	7	comparison	comparison	NOUN
ajfa-14202	361	8	of	of	ADP
ajfa-14202	361	9	financial	financial	ADJ
ajfa-14202	361	10	databases	database	NOUN
ajfa-14202	361	11	.	.	PUNCT
ajfa-14202	362	1	working	work	VERB
ajfa-14202	362	2	paper	paper	NOUN
ajfa-14202	362	3	,	,	PUNCT
ajfa-14202	362	4	1	1	NUM
ajfa-14202	362	5	-	-	SYM
ajfa-14202	362	6	36	36	NUM
ajfa-14202	362	7	.	.	PUNCT
ajfa-14202	362	8	https://doi.org/10.2139/ssrn.871169	https://doi.org/10.2139/ssrn.871169	PROPN
ajfa-14202	362	9	voogd	voogd	NOUN
ajfa-14202	362	10	,	,	PUNCT
ajfa-14202	362	11	j.	j.	PROPN
ajfa-14202	362	12	j.	j.	PROPN
ajfa-14202	362	13	,	,	PUNCT
ajfa-14202	362	14	&	&	CCONJ
ajfa-14202	362	15	geschiere	geschiere	PROPN
ajfa-14202	362	16	,	,	PUNCT
ajfa-14202	362	17	t.	t.	PROPN
ajfa-14202	362	18	(	(	PUNCT
ajfa-14202	362	19	2015	2015	NUM
ajfa-14202	362	20	)	)	PUNCT
ajfa-14202	362	21	.	.	PUNCT
ajfa-14202	363	1	asymmetric	asymmetric	ADJ
ajfa-14202	363	2	volatility	volatility	NOUN
ajfa-14202	363	3	:	:	PUNCT
ajfa-14202	363	4	testing	test	VERB
ajfa-14202	363	5	firm	firm	ADJ
ajfa-14202	363	6	-	-	PUNCT
ajfa-14202	363	7	specific	specific	ADJ
ajfa-14202	363	8	factors	factor	NOUN
ajfa-14202	363	9	as	as	ADP
ajfa-14202	363	10	a	a	DET
ajfa-14202	363	11	cause	cause	NOUN
ajfa-14202	363	12	for	for	ADP
ajfa-14202	363	13	the	the	DET
ajfa-14202	363	14	"	"	PUNCT
ajfa-14202	363	15	leverage	leverage	NOUN
ajfa-14202	363	16	effect	effect	NOUN
ajfa-14202	363	17	"	"	PUNCT
ajfa-14202	363	18	using	use	VERB
ajfa-14202	363	19	garch	garch	NOUN
ajfa-14202	363	20	-	-	PUNCT
ajfa-14202	363	21	modeling	modeling	NOUN
ajfa-14202	363	22	.	.	PUNCT
ajfa-14202	364	1	lund	lund	PROPN
ajfa-14202	364	2	.	.	PUNCT
ajfa-14202	365	1	master	master	PROPN
ajfa-14202	365	2	thesis	thesis	PROPN
ajfa-14202	365	3	.	.	PUNCT
ajfa-14202	366	1	wang	wang	PROPN
ajfa-14202	366	2	,	,	PUNCT
ajfa-14202	366	3	j.	j.	PROPN
ajfa-14202	366	4	,	,	PUNCT
ajfa-14202	366	5	&	&	CCONJ
ajfa-14202	366	6	yang	yang	PROPN
ajfa-14202	366	7	,	,	PUNCT
ajfa-14202	366	8	m.	m.	NOUN
ajfa-14202	366	9	(	(	PUNCT
ajfa-14202	366	10	2009	2009	NUM
ajfa-14202	366	11	)	)	PUNCT
ajfa-14202	366	12	.	.	PUNCT
ajfa-14202	367	1	asymmetric	asymmetric	ADJ
ajfa-14202	367	2	volatility	volatility	NOUN
ajfa-14202	367	3	in	in	ADP
ajfa-14202	367	4	the	the	DET
ajfa-14202	367	5	foreign	foreign	ADJ
ajfa-14202	367	6	exchange	exchange	NOUN
ajfa-14202	367	7	markets	market	NOUN
ajfa-14202	367	8	.	.	PUNCT
ajfa-14202	368	1	journal	journal	NOUN
ajfa-14202	368	2	of	of	ADP
ajfa-14202	368	3	international	international	ADJ
ajfa-14202	368	4	financial	financial	ADJ
ajfa-14202	368	5	markets	market	NOUN
ajfa-14202	368	6	,	,	PUNCT
ajfa-14202	368	7	institutions	institution	NOUN
ajfa-14202	368	8	and	and	CCONJ
ajfa-14202	368	9	money	money	NOUN
ajfa-14202	368	10	,	,	PUNCT
ajfa-14202	368	11	4	4	NUM
ajfa-14202	368	12	,	,	PUNCT
ajfa-14202	368	13	597	597	NUM
ajfa-14202	368	14	-	-	SYM
ajfa-14202	368	15	615	615	NUM
ajfa-14202	368	16	.	.	PUNCT
ajfa-14202	369	1	https://doi.org/10.1016/j.intfin.2008.10.001	https://doi.org/10.1016/j.intfin.2008.10.001	VERB
ajfa-14202	369	2	wan	wan	PROPN
ajfa-14202	369	3	-	-	PUNCT
ajfa-14202	369	4	ting	ting	PROPN
ajfa-14202	369	5	,	,	PUNCT
ajfa-14202	369	6	w.	w.	PROPN
ajfa-14202	369	7	(	(	PUNCT
ajfa-14202	369	8	2014	2014	NUM
ajfa-14202	369	9	)	)	PUNCT
ajfa-14202	369	10	.	.	PUNCT
ajfa-14202	370	1	the	the	DET
ajfa-14202	370	2	p	p	PROPN
ajfa-14202	370	3	/	/	SYM
ajfa-14202	370	4	e	e	NOUN
ajfa-14202	370	5	ratio	ratio	NOUN
ajfa-14202	370	6	and	and	CCONJ
ajfa-14202	370	7	profitability	profitability	NOUN
ajfa-14202	370	8	.	.	PUNCT
ajfa-14202	371	1	journal	journal	PROPN
ajfa-14202	371	2	of	of	ADP
ajfa-14202	371	3	business	business	PROPN
ajfa-14202	371	4	&	&	CCONJ
ajfa-14202	371	5	economics	economics	PROPN
ajfa-14202	371	6	research	research	PROPN
ajfa-14202	371	7	,	,	PUNCT
ajfa-14202	371	8	12	12	NUM
ajfa-14202	371	9	,	,	PUNCT
ajfa-14202	371	10	67	67	NUM
ajfa-14202	371	11	-	-	SYM
ajfa-14202	371	12	76	76	NUM
ajfa-14202	371	13	.	.	PUNCT