id	sid	tid	token	lemma	pos
ajfa-16655	1	1	asian	asian	ADJ
ajfa-16655	1	2	journal	journal	PROPN
ajfa-16655	1	3	of	of	ADP
ajfa-16655	1	4	finance	finance	PROPN
ajfa-16655	1	5	&	&	CCONJ
ajfa-16655	1	6	accounting	accounting	PROPN
ajfa-16655	1	7	issn	issn	PROPN
ajfa-16655	1	8	1946	1946	NUM
ajfa-16655	1	9	-	-	PUNCT
ajfa-16655	1	10	052x	052x	NOUN
ajfa-16655	1	11	2020	2020	NUM
ajfa-16655	1	12	,	,	PUNCT
ajfa-16655	1	13	vol	vol	NOUN
ajfa-16655	1	14	.	.	PROPN
ajfa-16655	1	15	12	12	NUM
ajfa-16655	1	16	,	,	PUNCT
ajfa-16655	1	17	no	no	INTJ
ajfa-16655	1	18	.	.	NOUN
ajfa-16655	1	19	1	1	NUM
ajfa-16655	1	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	1	21	26	26	NUM
ajfa-16655	1	22	the	the	DET
ajfa-16655	1	23	effect	effect	NOUN
ajfa-16655	1	24	of	of	ADP
ajfa-16655	1	25	intangible	intangible	ADJ
ajfa-16655	1	26	assets	asset	NOUN
ajfa-16655	1	27	on	on	ADP
ajfa-16655	1	28	financial	financial	ADJ
ajfa-16655	1	29	performance	performance	NOUN
ajfa-16655	1	30	,	,	PUNCT
ajfa-16655	1	31	financial	financial	ADJ
ajfa-16655	1	32	policies	policy	NOUN
ajfa-16655	1	33	,	,	PUNCT
ajfa-16655	1	34	and	and	CCONJ
ajfa-16655	1	35	market	market	NOUN
ajfa-16655	1	36	value	value	NOUN
ajfa-16655	1	37	of	of	ADP
ajfa-16655	1	38	technology	technology	NOUN
ajfa-16655	1	39	firms	firm	NOUN
ajfa-16655	1	40	:	:	PUNCT
ajfa-16655	1	41	a	a	DET
ajfa-16655	1	42	global	global	ADJ
ajfa-16655	1	43	comparative	comparative	ADJ
ajfa-16655	1	44	analysis	analysis	NOUN
ajfa-16655	1	45	muhammad	muhammad	PROPN
ajfa-16655	1	46	junaid	junaid	PROPN
ajfa-16655	1	47	qureshi	qureshi	PROPN
ajfa-16655	1	48	(	(	PUNCT
ajfa-16655	1	49	corresponding	corresponding	ADJ
ajfa-16655	1	50	author	author	NOUN
ajfa-16655	1	51	)	)	PUNCT
ajfa-16655	1	52	research	research	NOUN
ajfa-16655	1	53	scholar	scholar	PROPN
ajfa-16655	1	54	karachi	karachi	PROPN
ajfa-16655	1	55	university	university	PROPN
ajfa-16655	1	56	business	business	NOUN
ajfa-16655	1	57	school	school	NOUN
ajfa-16655	1	58	,	,	PUNCT
ajfa-16655	1	59	university	university	PROPN
ajfa-16655	1	60	of	of	ADP
ajfa-16655	1	61	karachi	karachi	PROPN
ajfa-16655	1	62	,	,	PUNCT
ajfa-16655	1	63	pakistan	pakistan	PROPN
ajfa-16655	1	64	e	e	PROPN
ajfa-16655	1	65	-	-	NOUN
ajfa-16655	1	66	mail	mail	NOUN
ajfa-16655	1	67	:	:	PUNCT
ajfa-16655	2	1	junaidqureshi94@gmail.com	junaidqureshi94@gmail.com	PROPN
ajfa-16655	2	2	dr	dr	PROPN
ajfa-16655	2	3	.	.	PROPN
ajfa-16655	2	4	danish	danish	PROPN
ajfa-16655	2	5	ahmed	ahmed	PROPN
ajfa-16655	2	6	siddiqui	siddiqui	PROPN
ajfa-16655	2	7	associate	associate	PROPN
ajfa-16655	2	8	professor	professor	PROPN
ajfa-16655	2	9	karachi	karachi	PROPN
ajfa-16655	2	10	university	university	PROPN
ajfa-16655	2	11	business	business	NOUN
ajfa-16655	2	12	school	school	NOUN
ajfa-16655	2	13	,	,	PUNCT
ajfa-16655	2	14	university	university	PROPN
ajfa-16655	2	15	of	of	ADP
ajfa-16655	2	16	karachi	karachi	PROPN
ajfa-16655	2	17	,	,	PUNCT
ajfa-16655	2	18	pakistan	pakistan	PROPN
ajfa-16655	2	19	e	e	PROPN
ajfa-16655	2	20	-	-	NOUN
ajfa-16655	2	21	mail	mail	NOUN
ajfa-16655	2	22	:	:	PUNCT
ajfa-16655	2	23	daanish79@hotmail.com	daanish79@hotmail.com	X
ajfa-16655	2	24	received	receive	VERB
ajfa-16655	2	25	:	:	PUNCT
ajfa-16655	2	26	march	march	PROPN
ajfa-16655	2	27	1	1	NUM
ajfa-16655	2	28	,	,	PUNCT
ajfa-16655	2	29	2020	2020	NUM
ajfa-16655	2	30	accepted	accept	VERB
ajfa-16655	2	31	:	:	PUNCT
ajfa-16655	2	32	april	april	PROPN
ajfa-16655	2	33	15	15	NUM
ajfa-16655	2	34	,	,	PUNCT
ajfa-16655	2	35	2020	2020	NUM
ajfa-16655	2	36	published	publish	VERB
ajfa-16655	2	37	:	:	PUNCT
ajfa-16655	2	38	june	june	PROPN
ajfa-16655	2	39	1	1	NUM
ajfa-16655	2	40	,	,	PUNCT
ajfa-16655	2	41	2020	2020	NUM
ajfa-16655	2	42	doi:10.5296	doi:10.5296	NOUN
ajfa-16655	2	43	/	/	SYM
ajfa-16655	2	44	ajfa.v12i1.16655	ajfa.v12i1.16655	ADJ
ajfa-16655	2	45	url	url	NOUN
ajfa-16655	2	46	:	:	PUNCT
ajfa-16655	2	47	https://doi.org/10.5296/ajfa.v12i1.16655	https://doi.org/10.5296/ajfa.v12i1.16655	NOUN
ajfa-16655	2	48	abstract	abstract	ADJ
ajfa-16655	2	49	purpose	purpose	NOUN
ajfa-16655	2	50	:	:	PUNCT
ajfa-16655	2	51	the	the	DET
ajfa-16655	2	52	purpose	purpose	NOUN
ajfa-16655	2	53	of	of	ADP
ajfa-16655	2	54	this	this	DET
ajfa-16655	2	55	study	study	NOUN
ajfa-16655	2	56	is	be	AUX
ajfa-16655	2	57	to	to	PART
ajfa-16655	2	58	examine	examine	VERB
ajfa-16655	2	59	the	the	DET
ajfa-16655	2	60	degree	degree	NOUN
ajfa-16655	2	61	to	to	PART
ajfa-16655	2	62	which	which	PRON
ajfa-16655	2	63	intangible	intangible	ADJ
ajfa-16655	2	64	assets	asset	NOUN
ajfa-16655	2	65	effect	effect	VERB
ajfa-16655	2	66	financial	financial	ADJ
ajfa-16655	2	67	performance	performance	NOUN
ajfa-16655	2	68	,	,	PUNCT
ajfa-16655	2	69	financial	financial	ADJ
ajfa-16655	2	70	policies	policy	NOUN
ajfa-16655	2	71	and	and	CCONJ
ajfa-16655	2	72	market	market	NOUN
ajfa-16655	2	73	value	value	NOUN
ajfa-16655	2	74	of	of	ADP
ajfa-16655	2	75	the	the	DET
ajfa-16655	2	76	technology	technology	NOUN
ajfa-16655	2	77	firm	firm	NOUN
ajfa-16655	2	78	.	.	PUNCT
ajfa-16655	3	1	design	design	NOUN
ajfa-16655	3	2	/	/	SYM
ajfa-16655	3	3	methodology	methodology	NOUN
ajfa-16655	3	4	/	/	SYM
ajfa-16655	3	5	approachstructural	approachstructural	ADJ
ajfa-16655	3	6	equation	equation	NOUN
ajfa-16655	3	7	modeling	model	VERB
ajfa-16655	3	8	analysis	analysis	NOUN
ajfa-16655	3	9	was	be	AUX
ajfa-16655	3	10	used	use	VERB
ajfa-16655	3	11	to	to	PART
ajfa-16655	3	12	ascertain	ascertain	VERB
ajfa-16655	3	13	the	the	DET
ajfa-16655	3	14	relationship	relationship	NOUN
ajfa-16655	3	15	among	among	ADP
ajfa-16655	3	16	intangible	intangible	ADJ
ajfa-16655	3	17	assets	asset	NOUN
ajfa-16655	3	18	,	,	PUNCT
ajfa-16655	3	19	firm	firm	ADJ
ajfa-16655	3	20	performance	performance	NOUN
ajfa-16655	3	21	,	,	PUNCT
ajfa-16655	3	22	firm	firm	ADJ
ajfa-16655	3	23	policies	policy	NOUN
ajfa-16655	3	24	,	,	PUNCT
ajfa-16655	3	25	and	and	CCONJ
ajfa-16655	3	26	market	market	NOUN
ajfa-16655	3	27	value	value	NOUN
ajfa-16655	3	28	in	in	ADP
ajfa-16655	3	29	the	the	DET
ajfa-16655	3	30	year	year	NOUN
ajfa-16655	3	31	2015	2015	NUM
ajfa-16655	3	32	to	to	ADP
ajfa-16655	3	33	2018	2018	NUM
ajfa-16655	3	34	of	of	ADP
ajfa-16655	3	35	80	80	NUM
ajfa-16655	3	36	companies	company	NOUN
ajfa-16655	3	37	according	accord	VERB
ajfa-16655	3	38	to	to	ADP
ajfa-16655	3	39	the	the	DET
ajfa-16655	3	40	market	market	NOUN
ajfa-16655	3	41	capitalization	capitalization	NOUN
ajfa-16655	3	42	of	of	ADP
ajfa-16655	3	43	their	their	PRON
ajfa-16655	3	44	respective	respective	ADJ
ajfa-16655	3	45	countries	country	NOUN
ajfa-16655	3	46	in	in	ADP
ajfa-16655	3	47	the	the	DET
ajfa-16655	3	48	technology	technology	NOUN
ajfa-16655	3	49	sector	sector	NOUN
ajfa-16655	3	50	globally	globally	ADV
ajfa-16655	3	51	.	.	PUNCT
ajfa-16655	4	1	the	the	DET
ajfa-16655	4	2	measures	measure	NOUN
ajfa-16655	4	3	used	use	VERB
ajfa-16655	4	4	in	in	ADP
ajfa-16655	4	5	this	this	DET
ajfa-16655	4	6	study	study	NOUN
ajfa-16655	4	7	profitability	profitability	NOUN
ajfa-16655	4	8	efficiency	efficiency	NOUN
ajfa-16655	4	9	,	,	PUNCT
ajfa-16655	4	10	capital	capital	NOUN
ajfa-16655	4	11	structure	structure	NOUN
ajfa-16655	4	12	,	,	PUNCT
ajfa-16655	4	13	dividend	dividend	NOUN
ajfa-16655	4	14	policy	policy	NOUN
ajfa-16655	4	15	and	and	CCONJ
ajfa-16655	4	16	market	market	NOUN
ajfa-16655	4	17	value	value	NOUN
ajfa-16655	4	18	that	that	PRON
ajfa-16655	4	19	is	be	AUX
ajfa-16655	4	20	calculated	calculate	VERB
ajfa-16655	4	21	through	through	ADP
ajfa-16655	4	22	the	the	DET
ajfa-16655	4	23	proxies	proxy	NOUN
ajfa-16655	4	24	roa	roa	PROPN
ajfa-16655	4	25	,	,	PUNCT
ajfa-16655	4	26	roe	roe	NOUN
ajfa-16655	4	27	,	,	PUNCT
ajfa-16655	4	28	roic	roic	PROPN
ajfa-16655	4	29	,	,	PUNCT
ajfa-16655	4	30	ato	ato	PROPN
ajfa-16655	4	31	,	,	PUNCT
ajfa-16655	4	32	net	net	ADJ
ajfa-16655	4	33	profit	profit	NOUN
ajfa-16655	4	34	margin	margin	NOUN
ajfa-16655	4	35	,	,	PUNCT
ajfa-16655	4	36	debt	debt	NOUN
ajfa-16655	4	37	to	to	ADP
ajfa-16655	4	38	equity	equity	NOUN
ajfa-16655	4	39	ratio	ratio	NOUN
ajfa-16655	4	40	,	,	PUNCT
ajfa-16655	4	41	dividend	dividend	VERB
ajfa-16655	4	42	payout	payout	NOUN
ajfa-16655	4	43	ratio	ratio	NOUN
ajfa-16655	4	44	,	,	PUNCT
ajfa-16655	4	45	price	price	NOUN
ajfa-16655	4	46	-	-	PUNCT
ajfa-16655	4	47	earnings	earning	NOUN
ajfa-16655	4	48	ratio	ratio	NOUN
ajfa-16655	4	49	,	,	PUNCT
ajfa-16655	4	50	price	price	NOUN
ajfa-16655	4	51	to	to	ADP
ajfa-16655	4	52	sales	sale	NOUN
ajfa-16655	4	53	and	and	CCONJ
ajfa-16655	4	54	price	price	NOUN
ajfa-16655	4	55	to	to	ADP
ajfa-16655	4	56	book	book	NOUN
ajfa-16655	4	57	value	value	NOUN
ajfa-16655	4	58	.	.	PUNCT
ajfa-16655	5	1	findingthe	findingthe	PROPN
ajfa-16655	5	2	results	result	NOUN
ajfa-16655	5	3	from	from	ADP
ajfa-16655	5	4	multi	multi	ADJ
ajfa-16655	5	5	group	group	NOUN
ajfa-16655	5	6	analysis	analysis	NOUN
ajfa-16655	5	7	(	(	PUNCT
ajfa-16655	5	8	mga	mga	PROPN
ajfa-16655	5	9	)	)	PUNCT
ajfa-16655	5	10	revealed	reveal	VERB
ajfa-16655	5	11	that	that	SCONJ
ajfa-16655	5	12	there	there	PRON
ajfa-16655	5	13	are	be	VERB
ajfa-16655	5	14	differences	difference	NOUN
ajfa-16655	5	15	(	(	PUNCT
ajfa-16655	5	16	p	p	X
ajfa-16655	5	17	<	<	X
ajfa-16655	5	18	.05	.05	NUM
ajfa-16655	5	19	)	)	PUNCT
ajfa-16655	5	20	in	in	ADP
ajfa-16655	5	21	the	the	DET
ajfa-16655	5	22	significance	significance	NOUN
ajfa-16655	5	23	of	of	ADP
ajfa-16655	5	24	the	the	DET
ajfa-16655	5	25	impact	impact	NOUN
ajfa-16655	5	26	of	of	ADP
ajfa-16655	5	27	assets	asset	NOUN
ajfa-16655	5	28	on	on	ADP
ajfa-16655	5	29	the	the	DET
ajfa-16655	5	30	criterion	criterion	NOUN
ajfa-16655	5	31	variable	variable	NOUN
ajfa-16655	5	32	between	between	ADP
ajfa-16655	5	33	a	a	DET
ajfa-16655	5	34	few	few	ADJ
ajfa-16655	5	35	countries	country	NOUN
ajfa-16655	5	36	for	for	ADP
ajfa-16655	5	37	instance	instance	NOUN
ajfa-16655	5	38	asset	asset	NOUN
ajfa-16655	5	39	’s	’s	PART
ajfa-16655	5	40	impact	impact	NOUN
ajfa-16655	5	41	on	on	ADP
ajfa-16655	5	42	roic	roic	ADJ
ajfa-16655	5	43	is	be	AUX
ajfa-16655	5	44	significantly	significantly	ADV
ajfa-16655	5	45	different	different	ADJ
ajfa-16655	5	46	between	between	ADP
ajfa-16655	5	47	russia	russia	PROPN
ajfa-16655	5	48	&	&	CCONJ
ajfa-16655	5	49	china	china	PROPN
ajfa-16655	5	50	and	and	CCONJ
ajfa-16655	5	51	usa	usa	PROPN
ajfa-16655	5	52	.	.	PROPN
ajfa-16655	5	53	asian	asian	PROPN
ajfa-16655	5	54	journal	journal	PROPN
ajfa-16655	5	55	of	of	ADP
ajfa-16655	5	56	finance	finance	PROPN
ajfa-16655	5	57	&	&	CCONJ
ajfa-16655	5	58	accounting	accounting	PROPN
ajfa-16655	5	59	issn	issn	PROPN
ajfa-16655	5	60	1946	1946	NUM
ajfa-16655	5	61	-	-	PUNCT
ajfa-16655	5	62	052x	052x	NOUN
ajfa-16655	5	63	2020	2020	NUM
ajfa-16655	5	64	,	,	PUNCT
ajfa-16655	5	65	vol	vol	NOUN
ajfa-16655	5	66	.	.	PROPN
ajfa-16655	5	67	12	12	NUM
ajfa-16655	5	68	,	,	PUNCT
ajfa-16655	5	69	no	no	INTJ
ajfa-16655	5	70	.	.	NOUN
ajfa-16655	5	71	1	1	NUM
ajfa-16655	5	72	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	5	73	27	27	NUM
ajfa-16655	5	74	practical	practical	ADJ
ajfa-16655	5	75	implicationsowners	implicationsowner	NOUN
ajfa-16655	5	76	and	and	CCONJ
ajfa-16655	5	77	managers	manager	NOUN
ajfa-16655	5	78	of	of	ADP
ajfa-16655	5	79	technological	technological	ADJ
ajfa-16655	5	80	sector	sector	NOUN
ajfa-16655	5	81	global	global	ADJ
ajfa-16655	5	82	companies	company	NOUN
ajfa-16655	5	83	must	must	AUX
ajfa-16655	5	84	recognize	recognize	VERB
ajfa-16655	5	85	the	the	DET
ajfa-16655	5	86	importance	importance	NOUN
ajfa-16655	5	87	of	of	ADP
ajfa-16655	5	88	both	both	CCONJ
ajfa-16655	5	89	the	the	DET
ajfa-16655	5	90	physical	physical	ADJ
ajfa-16655	5	91	capital	capital	NOUN
ajfa-16655	5	92	and	and	CCONJ
ajfa-16655	5	93	the	the	DET
ajfa-16655	5	94	intangible	intangible	ADJ
ajfa-16655	5	95	resources	resource	NOUN
ajfa-16655	5	96	to	to	ADP
ajfa-16655	5	97	the	the	DET
ajfa-16655	5	98	best	good	ADJ
ajfa-16655	5	99	interest	interest	NOUN
ajfa-16655	5	100	of	of	ADP
ajfa-16655	5	101	the	the	DET
ajfa-16655	5	102	companies	company	NOUN
ajfa-16655	5	103	originality	originality	NOUN
ajfa-16655	5	104	/	/	SYM
ajfa-16655	5	105	value	value	NOUN
ajfa-16655	5	106	–	–	PUNCT
ajfa-16655	5	107	this	this	PRON
ajfa-16655	5	108	is	be	AUX
ajfa-16655	5	109	the	the	DET
ajfa-16655	5	110	first	first	ADJ
ajfa-16655	5	111	paper	paper	NOUN
ajfa-16655	5	112	to	to	PART
ajfa-16655	5	113	examine	examine	VERB
ajfa-16655	5	114	the	the	DET
ajfa-16655	5	115	impact	impact	NOUN
ajfa-16655	5	116	of	of	ADP
ajfa-16655	5	117	intangible	intangible	ADJ
ajfa-16655	5	118	assets	asset	NOUN
ajfa-16655	5	119	on	on	ADP
ajfa-16655	5	120	firm	firm	ADJ
ajfa-16655	5	121	performance	performance	NOUN
ajfa-16655	5	122	,	,	PUNCT
ajfa-16655	5	123	policies	policy	NOUN
ajfa-16655	5	124	and	and	CCONJ
ajfa-16655	5	125	value	value	NOUN
ajfa-16655	5	126	through	through	ADP
ajfa-16655	5	127	cross	cross	NOUN
ajfa-16655	5	128	country	country	NOUN
ajfa-16655	5	129	analysis	analysis	NOUN
ajfa-16655	5	130	in	in	ADP
ajfa-16655	5	131	the	the	DET
ajfa-16655	5	132	technological	technological	ADJ
ajfa-16655	5	133	sector	sector	NOUN
ajfa-16655	5	134	.	.	PUNCT
ajfa-16655	6	1	keywords	keyword	NOUN
ajfa-16655	6	2	:	:	PUNCT
ajfa-16655	6	3	firm	firm	ADJ
ajfa-16655	6	4	performance	performance	NOUN
ajfa-16655	6	5	,	,	PUNCT
ajfa-16655	6	6	firm	firm	ADJ
ajfa-16655	6	7	policies	policy	NOUN
ajfa-16655	6	8	,	,	PUNCT
ajfa-16655	6	9	firm	firm	ADJ
ajfa-16655	6	10	value	value	NOUN
ajfa-16655	6	11	,	,	PUNCT
ajfa-16655	6	12	intangible	intangible	ADJ
ajfa-16655	6	13	assets	asset	NOUN
ajfa-16655	6	14	,	,	PUNCT
ajfa-16655	6	15	sem	sem	ADJ
ajfa-16655	6	16	analysis	analysis	NOUN
ajfa-16655	6	17	,	,	PUNCT
ajfa-16655	6	18	technological	technological	ADJ
ajfa-16655	6	19	industry	industry	NOUN
ajfa-16655	6	20	asian	asian	ADJ
ajfa-16655	6	21	journal	journal	NOUN
ajfa-16655	6	22	of	of	ADP
ajfa-16655	6	23	finance	finance	PROPN
ajfa-16655	6	24	&	&	CCONJ
ajfa-16655	6	25	accounting	accounting	PROPN
ajfa-16655	6	26	issn	issn	PROPN
ajfa-16655	6	27	1946	1946	NUM
ajfa-16655	6	28	-	-	PUNCT
ajfa-16655	6	29	052x	052x	NOUN
ajfa-16655	6	30	2020	2020	NUM
ajfa-16655	6	31	,	,	PUNCT
ajfa-16655	6	32	vol	vol	NOUN
ajfa-16655	6	33	.	.	PROPN
ajfa-16655	6	34	12	12	NUM
ajfa-16655	6	35	,	,	PUNCT
ajfa-16655	6	36	no	no	INTJ
ajfa-16655	6	37	.	.	NOUN
ajfa-16655	6	38	1	1	NUM
ajfa-16655	6	39	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	6	40	28	28	NUM
ajfa-16655	6	41	1	1	NUM
ajfa-16655	6	42	.	.	PUNCT
ajfa-16655	6	43	introduction	introduction	NOUN
ajfa-16655	6	44	1.1	1.1	NUM
ajfa-16655	6	45	background	background	NOUN
ajfa-16655	6	46	of	of	ADP
ajfa-16655	6	47	the	the	DET
ajfa-16655	6	48	study	study	NOUN
ajfa-16655	6	49	researchers	researcher	NOUN
ajfa-16655	6	50	and	and	CCONJ
ajfa-16655	6	51	practitioners	practitioner	NOUN
ajfa-16655	6	52	have	have	AUX
ajfa-16655	6	53	reached	reach	VERB
ajfa-16655	6	54	a	a	DET
ajfa-16655	6	55	consensus	consensus	NOUN
ajfa-16655	6	56	that	that	SCONJ
ajfa-16655	6	57	intangible	intangible	ADJ
ajfa-16655	6	58	assets	asset	NOUN
ajfa-16655	6	59	play	play	VERB
ajfa-16655	6	60	a	a	DET
ajfa-16655	6	61	vital	vital	ADJ
ajfa-16655	6	62	role	role	NOUN
ajfa-16655	6	63	in	in	ADP
ajfa-16655	6	64	the	the	DET
ajfa-16655	6	65	success	success	NOUN
ajfa-16655	6	66	and	and	CCONJ
ajfa-16655	6	67	survival	survival	NOUN
ajfa-16655	6	68	of	of	ADP
ajfa-16655	6	69	firms	firm	NOUN
ajfa-16655	6	70	in	in	ADP
ajfa-16655	6	71	today	today	NOUN
ajfa-16655	6	72	’s	’s	PART
ajfa-16655	6	73	economy	economy	NOUN
ajfa-16655	6	74	satt	satt	NOUN
ajfa-16655	6	75	,	,	PUNCT
ajfa-16655	6	76	harit	harit	PROPN
ajfa-16655	6	77	&	&	CCONJ
ajfa-16655	6	78	youssef	youssef	PROPN
ajfa-16655	6	79	,	,	PUNCT
ajfa-16655	6	80	chetioui	chetioui	PROPN
ajfa-16655	6	81	.	.	PUNCT
ajfa-16655	7	1	(	(	PUNCT
ajfa-16655	7	2	2017	2017	NUM
ajfa-16655	7	3	)	)	PUNCT
ajfa-16655	7	4	.	.	PUNCT
ajfa-16655	8	1	in	in	ADP
ajfa-16655	8	2	recent	recent	ADJ
ajfa-16655	8	3	decades	decade	NOUN
ajfa-16655	8	4	,	,	PUNCT
ajfa-16655	8	5	the	the	DET
ajfa-16655	8	6	focus	focus	NOUN
ajfa-16655	8	7	has	have	AUX
ajfa-16655	8	8	shifted	shift	VERB
ajfa-16655	8	9	from	from	ADP
ajfa-16655	8	10	the	the	DET
ajfa-16655	8	11	traditional	traditional	ADJ
ajfa-16655	8	12	financial	financial	ADJ
ajfa-16655	8	13	statements	statement	NOUN
ajfa-16655	8	14	that	that	PRON
ajfa-16655	8	15	focus	focus	VERB
ajfa-16655	8	16	on	on	ADP
ajfa-16655	8	17	tangible	tangible	ADJ
ajfa-16655	8	18	assets	asset	NOUN
ajfa-16655	8	19	into	into	ADP
ajfa-16655	8	20	intangible	intangible	ADJ
ajfa-16655	8	21	assets	asset	NOUN
ajfa-16655	8	22	like	like	ADP
ajfa-16655	8	23	innovation	innovation	NOUN
ajfa-16655	8	24	,	,	PUNCT
ajfa-16655	8	25	knowledge	knowledge	NOUN
ajfa-16655	8	26	,	,	PUNCT
ajfa-16655	8	27	intellectual	intellectual	ADJ
ajfa-16655	8	28	property	property	NOUN
ajfa-16655	8	29	,	,	PUNCT
ajfa-16655	8	30	and	and	CCONJ
ajfa-16655	8	31	goodwill	goodwill	NOUN
ajfa-16655	8	32	.	.	PUNCT
ajfa-16655	9	1	rapidly	rapidly	ADV
ajfa-16655	9	2	changing	change	VERB
ajfa-16655	9	3	dynamics	dynamic	NOUN
ajfa-16655	9	4	of	of	ADP
ajfa-16655	9	5	globalization	globalization	NOUN
ajfa-16655	9	6	and	and	CCONJ
ajfa-16655	9	7	increasing	increase	VERB
ajfa-16655	9	8	market	market	NOUN
ajfa-16655	9	9	competition	competition	NOUN
ajfa-16655	9	10	,	,	PUNCT
ajfa-16655	9	11	companies	company	NOUN
ajfa-16655	9	12	all	all	ADV
ajfa-16655	9	13	around	around	ADP
ajfa-16655	9	14	the	the	DET
ajfa-16655	9	15	world	world	NOUN
ajfa-16655	9	16	confronting	confront	VERB
ajfa-16655	9	17	several	several	ADJ
ajfa-16655	9	18	new	new	ADJ
ajfa-16655	9	19	challenges	challenge	NOUN
ajfa-16655	9	20	and	and	CCONJ
ajfa-16655	9	21	opportunities	opportunity	NOUN
ajfa-16655	9	22	(	(	PUNCT
ajfa-16655	9	23	bchini	bchini	NOUN
ajfa-16655	9	24	,	,	PUNCT
ajfa-16655	9	25	2015	2015	NUM
ajfa-16655	9	26	)	)	PUNCT
ajfa-16655	9	27	.	.	PUNCT
ajfa-16655	10	1	to	to	PART
ajfa-16655	10	2	be	be	AUX
ajfa-16655	10	3	competitive	competitive	ADJ
ajfa-16655	10	4	and	and	CCONJ
ajfa-16655	10	5	successful	successful	ADJ
ajfa-16655	10	6	apart	apart	ADV
ajfa-16655	10	7	from	from	ADP
ajfa-16655	10	8	the	the	DET
ajfa-16655	10	9	relative	relative	ADJ
ajfa-16655	10	10	importance	importance	NOUN
ajfa-16655	10	11	of	of	ADP
ajfa-16655	10	12	physical	physical	ADJ
ajfa-16655	10	13	sources	source	NOUN
ajfa-16655	10	14	,	,	PUNCT
ajfa-16655	10	15	companies	company	NOUN
ajfa-16655	10	16	have	have	VERB
ajfa-16655	10	17	to	to	PART
ajfa-16655	10	18	adopt	adopt	VERB
ajfa-16655	10	19	modern	modern	ADJ
ajfa-16655	10	20	strategies	strategy	NOUN
ajfa-16655	10	21	and	and	CCONJ
ajfa-16655	10	22	policies	policy	NOUN
ajfa-16655	10	23	regarding	regard	VERB
ajfa-16655	10	24	market	market	NOUN
ajfa-16655	10	25	flexibility	flexibility	NOUN
ajfa-16655	10	26	and	and	CCONJ
ajfa-16655	10	27	development	development	NOUN
ajfa-16655	10	28	(	(	PUNCT
ajfa-16655	10	29	hejazi	hejazi	NOUN
ajfa-16655	10	30	,	,	PUNCT
ajfa-16655	10	31	ghanbari	ghanbari	NOUN
ajfa-16655	10	32	,	,	PUNCT
ajfa-16655	10	33	&	&	CCONJ
ajfa-16655	10	34	alipour	alipour	ADJ
ajfa-16655	10	35	,	,	PUNCT
ajfa-16655	10	36	2016	2016	NUM
ajfa-16655	10	37	)	)	PUNCT
ajfa-16655	10	38	.	.	PUNCT
ajfa-16655	11	1	moreover	moreover	ADV
ajfa-16655	11	2	,	,	PUNCT
ajfa-16655	11	3	the	the	DET
ajfa-16655	11	4	evolution	evolution	NOUN
ajfa-16655	11	5	of	of	ADP
ajfa-16655	11	6	the	the	DET
ajfa-16655	11	7	knowledge	knowledge	NOUN
ajfa-16655	11	8	economy	economy	NOUN
ajfa-16655	11	9	from	from	ADP
ajfa-16655	11	10	the	the	DET
ajfa-16655	11	11	industrial	industrial	ADJ
ajfa-16655	11	12	economy	economy	NOUN
ajfa-16655	11	13	also	also	ADV
ajfa-16655	11	14	puts	put	VERB
ajfa-16655	11	15	greater	great	ADJ
ajfa-16655	11	16	pressure	pressure	NOUN
ajfa-16655	11	17	on	on	ADP
ajfa-16655	11	18	companies	company	NOUN
ajfa-16655	11	19	to	to	PART
ajfa-16655	11	20	use	use	VERB
ajfa-16655	11	21	soft	soft	ADJ
ajfa-16655	11	22	resources	resource	NOUN
ajfa-16655	11	23	efficiently	efficiently	ADV
ajfa-16655	11	24	as	as	ADP
ajfa-16655	11	25	human	human	ADJ
ajfa-16655	11	26	capital	capital	NOUN
ajfa-16655	11	27	and	and	CCONJ
ajfa-16655	11	28	knowledge	knowledge	NOUN
ajfa-16655	11	29	,	,	PUNCT
ajfa-16655	11	30	which	which	PRON
ajfa-16655	11	31	have	have	AUX
ajfa-16655	11	32	become	become	VERB
ajfa-16655	11	33	major	major	ADJ
ajfa-16655	11	34	factors	factor	NOUN
ajfa-16655	11	35	of	of	ADP
ajfa-16655	11	36	economic	economic	ADJ
ajfa-16655	11	37	growth	growth	NOUN
ajfa-16655	11	38	.	.	PUNCT
ajfa-16655	12	1	in	in	ADP
ajfa-16655	12	2	past	past	NOUN
ajfa-16655	12	3	,	,	PUNCT
ajfa-16655	12	4	companies	company	NOUN
ajfa-16655	12	5	’	'	PUNCT
ajfa-16655	12	6	success	success	NOUN
ajfa-16655	12	7	,	,	PUNCT
ajfa-16655	12	8	profitability	profitability	NOUN
ajfa-16655	12	9	and	and	CCONJ
ajfa-16655	12	10	value	value	NOUN
ajfa-16655	12	11	mainly	mainly	ADV
ajfa-16655	12	12	depend	depend	VERB
ajfa-16655	12	13	on	on	ADP
ajfa-16655	12	14	tangible	tangible	ADJ
ajfa-16655	12	15	assets	asset	NOUN
ajfa-16655	12	16	like	like	ADP
ajfa-16655	12	17	land	land	NOUN
ajfa-16655	12	18	,	,	PUNCT
ajfa-16655	12	19	infrastructure	infrastructure	NOUN
ajfa-16655	12	20	,	,	PUNCT
ajfa-16655	12	21	and	and	CCONJ
ajfa-16655	12	22	equipment	equipment	NOUN
ajfa-16655	12	23	(	(	PUNCT
ajfa-16655	12	24	nuryaman	nuryaman	NOUN
ajfa-16655	12	25	,	,	PUNCT
ajfa-16655	12	26	2015	2015	NUM
ajfa-16655	12	27	)	)	PUNCT
ajfa-16655	12	28	but	but	CCONJ
ajfa-16655	12	29	in	in	ADP
ajfa-16655	12	30	current	current	ADJ
ajfa-16655	12	31	global	global	ADJ
ajfa-16655	12	32	economy	economy	NOUN
ajfa-16655	12	33	intangible	intangible	ADJ
ajfa-16655	12	34	assets	asset	NOUN
ajfa-16655	12	35	contributing	contribute	VERB
ajfa-16655	12	36	approximately	approximately	ADV
ajfa-16655	12	37	80	80	NUM
ajfa-16655	12	38	%	%	NOUN
ajfa-16655	12	39	in	in	ADP
ajfa-16655	12	40	companies	company	NOUN
ajfa-16655	12	41	’	'	PUNCT
ajfa-16655	12	42	value	value	NOUN
ajfa-16655	12	43	through	through	ADP
ajfa-16655	12	44	human	human	ADJ
ajfa-16655	12	45	capital	capital	NOUN
ajfa-16655	12	46	development	development	NOUN
ajfa-16655	12	47	and	and	CCONJ
ajfa-16655	12	48	knowledge	knowledge	NOUN
ajfa-16655	12	49	management	management	NOUN
ajfa-16655	12	50	(	(	PUNCT
ajfa-16655	12	51	vodák	vodák	NOUN
ajfa-16655	12	52	,	,	PUNCT
ajfa-16655	12	53	2011	2011	NUM
ajfa-16655	12	54	)	)	PUNCT
ajfa-16655	12	55	.	.	PUNCT
ajfa-16655	13	1	amortization	amortization	NOUN
ajfa-16655	13	2	of	of	ADP
ajfa-16655	13	3	‘	'	PUNCT
ajfa-16655	13	4	goodwill	goodwill	NOUN
ajfa-16655	13	5	’	'	PUNCT
ajfa-16655	13	6	has	have	VERB
ajfa-16655	13	7	serious	serious	ADJ
ajfa-16655	13	8	shortcomings	shortcoming	NOUN
ajfa-16655	13	9	,	,	PUNCT
ajfa-16655	13	10	hence	hence	ADV
ajfa-16655	13	11	,	,	PUNCT
ajfa-16655	13	12	the	the	DET
ajfa-16655	13	13	emergence	emergence	NOUN
ajfa-16655	13	14	of	of	ADP
ajfa-16655	13	15	ifrs	ifrs	PROPN
ajfa-16655	13	16	3	3	NUM
ajfa-16655	13	17	,	,	PUNCT
ajfa-16655	13	18	sfas	sfas	NOUN
ajfa-16655	13	19	141r	141r	NOUN
ajfa-16655	13	20	and	and	CCONJ
ajfa-16655	13	21	sfas	sfas	NOUN
ajfa-16655	13	22	142	142	NUM
ajfa-16655	13	23	.	.	PUNCT
ajfa-16655	14	1	that	that	PRON
ajfa-16655	14	2	is	be	AUX
ajfa-16655	14	3	,	,	PUNCT
ajfa-16655	14	4	goodwill	goodwill	NOUN
ajfa-16655	14	5	and	and	CCONJ
ajfa-16655	14	6	other	other	ADJ
ajfa-16655	14	7	intangibles	intangible	NOUN
ajfa-16655	14	8	are	be	AUX
ajfa-16655	14	9	made	make	VERB
ajfa-16655	14	10	up	up	ADP
ajfa-16655	14	11	of	of	ADP
ajfa-16655	14	12	unrelated	unrelated	ADJ
ajfa-16655	14	13	components	component	NOUN
ajfa-16655	14	14	:	:	PUNCT
ajfa-16655	14	15	the	the	DET
ajfa-16655	14	16	new	new	ADJ
ajfa-16655	14	17	goodwill	goodwill	NOUN
ajfa-16655	14	18	comprising	comprising	NOUN
ajfa-16655	14	19	of	of	ADP
ajfa-16655	14	20	reputation	reputation	NOUN
ajfa-16655	14	21	(	(	PUNCT
ajfa-16655	14	22	iwu	iwu	NOUN
ajfa-16655	14	23	-	-	PUNCT
ajfa-16655	14	24	egwuonwu	egwuonwu	NOUN
ajfa-16655	14	25	,	,	PUNCT
ajfa-16655	14	26	2011	2011	NUM
ajfa-16655	14	27	)	)	PUNCT
ajfa-16655	14	28	,	,	PUNCT
ajfa-16655	14	29	human	human	ADJ
ajfa-16655	14	30	capital	capital	NOUN
ajfa-16655	14	31	and	and	CCONJ
ajfa-16655	14	32	organizational	organizational	ADJ
ajfa-16655	14	33	capital	capital	NOUN
ajfa-16655	14	34	,	,	PUNCT
ajfa-16655	14	35	have	have	VERB
ajfa-16655	14	36	indefinite	indefinite	ADJ
ajfa-16655	14	37	life	life	NOUN
ajfa-16655	14	38	albeit	albeit	SCONJ
ajfa-16655	14	39	highly	highly	ADV
ajfa-16655	14	40	volatile	volatile	ADJ
ajfa-16655	14	41	and	and	CCONJ
ajfa-16655	14	42	perishable	perishable	ADJ
ajfa-16655	14	43	.	.	PUNCT
ajfa-16655	15	1	conversely	conversely	ADV
ajfa-16655	15	2	,	,	PUNCT
ajfa-16655	15	3	there	there	PRON
ajfa-16655	15	4	are	be	VERB
ajfa-16655	15	5	definite	definite	ADJ
ajfa-16655	15	6	lives	life	NOUN
ajfa-16655	15	7	for	for	ADP
ajfa-16655	15	8	patents	patent	NOUN
ajfa-16655	15	9	,	,	PUNCT
ajfa-16655	15	10	copyrights	copyright	NOUN
ajfa-16655	15	11	,	,	PUNCT
ajfa-16655	15	12	licenses	license	NOUN
ajfa-16655	15	13	,	,	PUNCT
ajfa-16655	15	14	trademarks	trademark	NOUN
ajfa-16655	15	15	and	and	CCONJ
ajfa-16655	15	16	royalties	royalty	NOUN
ajfa-16655	15	17	.	.	PUNCT
ajfa-16655	16	1	to	to	PART
ajfa-16655	16	2	order	order	VERB
ajfa-16655	16	3	to	to	PART
ajfa-16655	16	4	assess	assess	VERB
ajfa-16655	16	5	how	how	SCONJ
ajfa-16655	16	6	intangibles	intangible	NOUN
ajfa-16655	16	7	increase	increase	VERB
ajfa-16655	16	8	the	the	DET
ajfa-16655	16	9	value	value	NOUN
ajfa-16655	16	10	and	and	CCONJ
ajfa-16655	16	11	profitability	profitability	NOUN
ajfa-16655	16	12	of	of	ADP
ajfa-16655	16	13	a	a	DET
ajfa-16655	16	14	business	business	NOUN
ajfa-16655	16	15	,	,	PUNCT
ajfa-16655	16	16	these	these	DET
ajfa-16655	16	17	components	component	NOUN
ajfa-16655	16	18	should	should	AUX
ajfa-16655	16	19	be	be	AUX
ajfa-16655	16	20	evaluated	evaluate	VERB
ajfa-16655	16	21	separately	separately	ADV
ajfa-16655	16	22	and	and	CCONJ
ajfa-16655	16	23	their	their	PRON
ajfa-16655	16	24	effects	effect	NOUN
ajfa-16655	16	25	recorded	record	VERB
ajfa-16655	16	26	.	.	PUNCT
ajfa-16655	17	1	(	(	PUNCT
ajfa-16655	17	2	henning	henning	PROPN
ajfa-16655	17	3	,	,	PUNCT
ajfa-16655	17	4	lewis	lewis	PROPN
ajfa-16655	17	5	and	and	CCONJ
ajfa-16655	17	6	shaw	shaw	PROPN
ajfa-16655	17	7	,	,	PUNCT
ajfa-16655	17	8	2000	2000	NUM
ajfa-16655	17	9	)	)	PUNCT
ajfa-16655	17	10	.	.	PUNCT
ajfa-16655	18	1	regrettably	regrettably	ADV
ajfa-16655	18	2	,	,	PUNCT
ajfa-16655	18	3	only	only	ADV
ajfa-16655	18	4	those	those	DET
ajfa-16655	18	5	components	component	NOUN
ajfa-16655	18	6	which	which	PRON
ajfa-16655	18	7	have	have	VERB
ajfa-16655	18	8	definite	definite	ADJ
ajfa-16655	18	9	valid	valid	ADJ
ajfa-16655	18	10	lives	life	NOUN
ajfa-16655	18	11	can	can	AUX
ajfa-16655	18	12	be	be	AUX
ajfa-16655	18	13	calculated	calculate	VERB
ajfa-16655	18	14	quantitatively	quantitatively	ADV
ajfa-16655	18	15	.	.	PUNCT
ajfa-16655	19	1	those	those	DET
ajfa-16655	19	2	components	component	NOUN
ajfa-16655	19	3	with	with	ADP
ajfa-16655	19	4	infinite	infinite	ADJ
ajfa-16655	19	5	lives	life	NOUN
ajfa-16655	19	6	which	which	PRON
ajfa-16655	19	7	have	have	VERB
ajfa-16655	19	8	a	a	DET
ajfa-16655	19	9	major	major	ADJ
ajfa-16655	19	10	positive	positive	ADJ
ajfa-16655	19	11	impact	impact	NOUN
ajfa-16655	19	12	on	on	ADP
ajfa-16655	19	13	firm	firm	ADJ
ajfa-16655	19	14	value	value	NOUN
ajfa-16655	19	15	/	/	SYM
ajfa-16655	19	16	growth	growth	NOUN
ajfa-16655	19	17	are	be	AUX
ajfa-16655	19	18	highly	highly	ADV
ajfa-16655	19	19	qualitative	qualitative	ADJ
ajfa-16655	19	20	and	and	CCONJ
ajfa-16655	19	21	are	be	AUX
ajfa-16655	19	22	not	not	PART
ajfa-16655	19	23	easily	easily	ADV
ajfa-16655	19	24	quantitatively	quantitatively	ADV
ajfa-16655	19	25	calculated	calculate	VERB
ajfa-16655	19	26	.	.	PUNCT
ajfa-16655	20	1	in	in	ADP
ajfa-16655	20	2	the	the	DET
ajfa-16655	20	3	modern	modern	ADJ
ajfa-16655	20	4	business	business	NOUN
ajfa-16655	20	5	era	era	NOUN
ajfa-16655	20	6	,	,	PUNCT
ajfa-16655	20	7	intangible	intangible	ADJ
ajfa-16655	20	8	assets	asset	NOUN
ajfa-16655	20	9	are	be	AUX
ajfa-16655	20	10	vital	vital	ADJ
ajfa-16655	20	11	strategic	strategic	ADJ
ajfa-16655	20	12	resources	resource	NOUN
ajfa-16655	20	13	.	.	PUNCT
ajfa-16655	21	1	they	they	PRON
ajfa-16655	21	2	are	be	AUX
ajfa-16655	21	3	extremely	extremely	ADV
ajfa-16655	21	4	important	important	ADJ
ajfa-16655	21	5	in	in	ADP
ajfa-16655	21	6	creating	create	VERB
ajfa-16655	21	7	corporate	corporate	ADJ
ajfa-16655	21	8	value	value	NOUN
ajfa-16655	21	9	(	(	PUNCT
ajfa-16655	21	10	gamayuni	gamayuni	PROPN
ajfa-16655	21	11	,	,	PUNCT
ajfa-16655	21	12	2015	2015	NUM
ajfa-16655	21	13	)	)	PUNCT
ajfa-16655	21	14	and	and	CCONJ
ajfa-16655	21	15	improving	improve	VERB
ajfa-16655	21	16	company	company	NOUN
ajfa-16655	21	17	performance	performance	NOUN
ajfa-16655	21	18	.	.	PUNCT
ajfa-16655	22	1	researches	research	NOUN
ajfa-16655	22	2	indicated	indicate	VERB
ajfa-16655	22	3	that	that	SCONJ
ajfa-16655	22	4	intangible	intangible	ADJ
ajfa-16655	22	5	assets	asset	NOUN
ajfa-16655	22	6	abound	abound	VERB
ajfa-16655	22	7	throughout	throughout	ADP
ajfa-16655	22	8	the	the	DET
ajfa-16655	22	9	business	business	NOUN
ajfa-16655	22	10	world	world	NOUN
ajfa-16655	22	11	,	,	PUNCT
ajfa-16655	22	12	touching	touch	VERB
ajfa-16655	22	13	nearly	nearly	ADV
ajfa-16655	22	14	all	all	PRON
ajfa-16655	22	15	aspects	aspect	NOUN
ajfa-16655	22	16	of	of	ADP
ajfa-16655	22	17	a	a	DET
ajfa-16655	22	18	company	company	NOUN
ajfa-16655	22	19	,	,	PUNCT
ajfa-16655	22	20	from	from	ADP
ajfa-16655	22	21	product	product	NOUN
ajfa-16655	22	22	development	development	NOUN
ajfa-16655	22	23	to	to	ADP
ajfa-16655	22	24	human	human	ADJ
ajfa-16655	22	25	capital	capital	NOUN
ajfa-16655	22	26	,	,	PUNCT
ajfa-16655	22	27	and	and	CCONJ
ajfa-16655	22	28	staff	staff	NOUN
ajfa-16655	22	29	functions	function	NOUN
ajfa-16655	22	30	such	such	ADJ
ajfa-16655	22	31	as	as	ADP
ajfa-16655	22	32	legal	legal	ADJ
ajfa-16655	22	33	,	,	PUNCT
ajfa-16655	22	34	accounting	accounting	NOUN
ajfa-16655	22	35	,	,	PUNCT
ajfa-16655	22	36	finance	finance	NOUN
ajfa-16655	22	37	,	,	PUNCT
ajfa-16655	22	38	and	and	CCONJ
ajfa-16655	22	39	line	line	NOUN
ajfa-16655	22	40	operations	operation	NOUN
ajfa-16655	22	41	such	such	ADJ
ajfa-16655	22	42	as	as	ADP
ajfa-16655	22	43	research	research	NOUN
ajfa-16655	22	44	and	and	CCONJ
ajfa-16655	22	45	development	development	NOUN
ajfa-16655	22	46	,	,	PUNCT
ajfa-16655	22	47	marketing	marketing	NOUN
ajfa-16655	22	48	,	,	PUNCT
ajfa-16655	22	49	and	and	CCONJ
ajfa-16655	22	50	general	general	ADJ
ajfa-16655	22	51	management	management	NOUN
ajfa-16655	22	52	.	.	PUNCT
ajfa-16655	23	1	in	in	ADP
ajfa-16655	23	2	a	a	DET
ajfa-16655	23	3	macro	macro	ADJ
ajfa-16655	23	4	scenario	scenario	NOUN
ajfa-16655	23	5	,	,	PUNCT
ajfa-16655	23	6	investments	investment	NOUN
ajfa-16655	23	7	in	in	ADP
ajfa-16655	23	8	intangible	intangible	ADJ
ajfa-16655	23	9	assets	asset	NOUN
ajfa-16655	23	10	have	have	AUX
ajfa-16655	23	11	grown	grow	VERB
ajfa-16655	23	12	rapidly	rapidly	ADV
ajfa-16655	23	13	among	among	ADP
ajfa-16655	23	14	companies	company	NOUN
ajfa-16655	23	15	in	in	ADP
ajfa-16655	23	16	the	the	DET
ajfa-16655	23	17	united	united	PROPN
ajfa-16655	23	18	states	states	PROPN
ajfa-16655	23	19	,	,	PUNCT
ajfa-16655	23	20	japan	japan	PROPN
ajfa-16655	23	21	,	,	PUNCT
ajfa-16655	23	22	and	and	CCONJ
ajfa-16655	23	23	europe	europe	PROPN
ajfa-16655	23	24	.	.	PUNCT
ajfa-16655	24	1	such	such	ADJ
ajfa-16655	24	2	growth	growth	NOUN
ajfa-16655	24	3	has	have	AUX
ajfa-16655	24	4	been	be	AUX
ajfa-16655	24	5	amplified	amplify	VERB
ajfa-16655	24	6	by	by	ADP
ajfa-16655	24	7	intensified	intensify	VERB
ajfa-16655	24	8	global	global	ADJ
ajfa-16655	24	9	competition	competition	NOUN
ajfa-16655	24	10	,	,	PUNCT
ajfa-16655	24	11	use	use	NOUN
ajfa-16655	24	12	of	of	ADP
ajfa-16655	24	13	information	information	NOUN
ajfa-16655	24	14	and	and	CCONJ
ajfa-16655	24	15	communication	communication	NOUN
ajfa-16655	24	16	technologies	technology	NOUN
ajfa-16655	24	17	,	,	PUNCT
ajfa-16655	24	18	adoption	adoption	NOUN
ajfa-16655	24	19	of	of	ADP
ajfa-16655	24	20	new	new	ADJ
ajfa-16655	24	21	business	business	NOUN
ajfa-16655	24	22	models	model	NOUN
ajfa-16655	24	23	,	,	PUNCT
ajfa-16655	24	24	and	and	CCONJ
ajfa-16655	24	25	prevalence	prevalence	NOUN
ajfa-16655	24	26	of	of	ADP
ajfa-16655	24	27	the	the	DET
ajfa-16655	24	28	services	service	NOUN
ajfa-16655	24	29	sector	sector	NOUN
ajfa-16655	24	30	.	.	PUNCT
ajfa-16655	25	1	the	the	DET
ajfa-16655	25	2	report	report	NOUN
ajfa-16655	25	3	of	of	ADP
ajfa-16655	25	4	the	the	DET
ajfa-16655	25	5	organization	organization	NOUN
ajfa-16655	25	6	for	for	ADP
ajfa-16655	25	7	economic	economic	ADJ
ajfa-16655	25	8	cooperation	cooperation	NOUN
ajfa-16655	25	9	and	and	CCONJ
ajfa-16655	25	10	development	development	NOUN
ajfa-16655	25	11	(	(	PUNCT
ajfa-16655	25	12	oecd	oecd	PROPN
ajfa-16655	25	13	,	,	PUNCT
ajfa-16655	25	14	2011	2011	NUM
ajfa-16655	25	15	)	)	PUNCT
ajfa-16655	25	16	cited	cite	VERB
ajfa-16655	25	17	that	that	SCONJ
ajfa-16655	25	18	such	such	ADJ
ajfa-16655	25	19	investments	investment	NOUN
ajfa-16655	25	20	have	have	VERB
ajfa-16655	25	21	a	a	DET
ajfa-16655	25	22	significant	significant	ADJ
ajfa-16655	25	23	asian	asian	ADJ
ajfa-16655	25	24	journal	journal	NOUN
ajfa-16655	25	25	of	of	ADP
ajfa-16655	25	26	finance	finance	PROPN
ajfa-16655	25	27	&	&	CCONJ
ajfa-16655	25	28	accounting	accounting	PROPN
ajfa-16655	25	29	issn	issn	PROPN
ajfa-16655	25	30	1946	1946	NUM
ajfa-16655	25	31	-	-	PUNCT
ajfa-16655	25	32	052x	052x	NOUN
ajfa-16655	25	33	2020	2020	NUM
ajfa-16655	25	34	,	,	PUNCT
ajfa-16655	25	35	vol	vol	NOUN
ajfa-16655	25	36	.	.	PROPN
ajfa-16655	26	1	12	12	NUM
ajfa-16655	26	2	,	,	PUNCT
ajfa-16655	26	3	no	no	INTJ
ajfa-16655	26	4	.	.	NOUN
ajfa-16655	26	5	1	1	NUM
ajfa-16655	26	6	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	26	7	29	29	NUM
ajfa-16655	26	8	impact	impact	NOUN
ajfa-16655	26	9	on	on	ADP
ajfa-16655	26	10	productivity	productivity	NOUN
ajfa-16655	26	11	.	.	PUNCT
ajfa-16655	27	1	it	it	PRON
ajfa-16655	27	2	also	also	ADV
ajfa-16655	27	3	indicated	indicate	VERB
ajfa-16655	27	4	that	that	SCONJ
ajfa-16655	27	5	in	in	ADP
ajfa-16655	27	6	some	some	DET
ajfa-16655	27	7	cases	case	NOUN
ajfa-16655	27	8	the	the	DET
ajfa-16655	27	9	investments	investment	NOUN
ajfa-16655	27	10	match	match	VERB
ajfa-16655	27	11	or	or	CCONJ
ajfa-16655	27	12	exceed	exceed	VERB
ajfa-16655	27	13	those	those	PRON
ajfa-16655	27	14	in	in	ADP
ajfa-16655	27	15	the	the	DET
ajfa-16655	27	16	traditional	traditional	ADJ
ajfa-16655	27	17	capital	capital	NOUN
ajfa-16655	27	18	such	such	ADJ
ajfa-16655	27	19	as	as	ADP
ajfa-16655	27	20	machinery	machinery	NOUN
ajfa-16655	27	21	,	,	PUNCT
ajfa-16655	27	22	equipment	equipment	NOUN
ajfa-16655	27	23	,	,	PUNCT
ajfa-16655	27	24	and	and	CCONJ
ajfa-16655	27	25	buildings	building	NOUN
ajfa-16655	27	26	.	.	PUNCT
ajfa-16655	28	1	(	(	PUNCT
ajfa-16655	28	2	lim	lim	PROPN
ajfa-16655	28	3	macias	macias	PROPN
ajfa-16655	28	4	et	et	PROPN
ajfa-16655	28	5	al	al	PROPN
ajfa-16655	28	6	2018	2018	NUM
ajfa-16655	28	7	)	)	PUNCT
ajfa-16655	28	8	found	find	VERB
ajfa-16655	28	9	a	a	DET
ajfa-16655	28	10	strong	strong	ADJ
ajfa-16655	28	11	relationship	relationship	NOUN
ajfa-16655	28	12	between	between	ADP
ajfa-16655	28	13	identifiable	identifiable	ADJ
ajfa-16655	28	14	intangible	intangible	ADJ
ajfa-16655	28	15	assets	asset	NOUN
ajfa-16655	28	16	&	&	CCONJ
ajfa-16655	28	17	financial	financial	ADJ
ajfa-16655	28	18	leverage	leverage	NOUN
ajfa-16655	28	19	.	.	PUNCT
ajfa-16655	29	1	overall	overall	ADJ
ajfa-16655	29	2	identifiable	identifiable	ADJ
ajfa-16655	29	3	intangible	intangible	ADJ
ajfa-16655	29	4	assets	asset	NOUN
ajfa-16655	29	5	support	support	VERB
ajfa-16655	29	6	debt	debt	NOUN
ajfa-16655	29	7	financing	financing	NOUN
ajfa-16655	29	8	in	in	ADP
ajfa-16655	29	9	firm	firm	NOUN
ajfa-16655	29	10	that	that	PRON
ajfa-16655	29	11	lack	lack	VERB
ajfa-16655	29	12	abundant	abundant	ADJ
ajfa-16655	29	13	tangible	tangible	ADJ
ajfa-16655	29	14	assets	asset	NOUN
ajfa-16655	29	15	.	.	PUNCT
ajfa-16655	30	1	while	while	SCONJ
ajfa-16655	30	2	the	the	DET
ajfa-16655	30	3	dataset	dataset	NOUN
ajfa-16655	30	4	provides	provide	VERB
ajfa-16655	30	5	the	the	DET
ajfa-16655	30	6	fair	fair	ADJ
ajfa-16655	30	7	value	value	NOUN
ajfa-16655	30	8	estimates	estimate	NOUN
ajfa-16655	30	9	of	of	ADP
ajfa-16655	30	10	intangible	intangible	ADJ
ajfa-16655	30	11	assets	asset	NOUN
ajfa-16655	30	12	for	for	ADP
ajfa-16655	30	13	only	only	ADV
ajfa-16655	30	14	a	a	DET
ajfa-16655	30	15	small	small	ADJ
ajfa-16655	30	16	subset	subset	NOUN
ajfa-16655	30	17	of	of	ADP
ajfa-16655	30	18	firms	firm	NOUN
ajfa-16655	30	19	.	.	PUNCT
ajfa-16655	31	1	harrit	harrit	PROPN
ajfa-16655	31	2	satt	satt	PROPN
ajfa-16655	31	3	et	et	PROPN
ajfa-16655	31	4	al	al	PROPN
ajfa-16655	31	5	(	(	PUNCT
ajfa-16655	31	6	2017	2017	NUM
ajfa-16655	31	7	)	)	PUNCT
ajfa-16655	31	8	studied	study	VERB
ajfa-16655	31	9	the	the	DET
ajfa-16655	31	10	effect	effect	NOUN
ajfa-16655	31	11	of	of	ADP
ajfa-16655	31	12	goodwill	goodwill	NOUN
ajfa-16655	31	13	on	on	ADP
ajfa-16655	31	14	firm	firm	ADJ
ajfa-16655	31	15	performance	performance	NOUN
ajfa-16655	31	16	found	find	VERB
ajfa-16655	31	17	that	that	SCONJ
ajfa-16655	31	18	a	a	DET
ajfa-16655	31	19	high	high	ADJ
ajfa-16655	31	20	level	level	NOUN
ajfa-16655	31	21	of	of	ADP
ajfa-16655	31	22	goodwill	goodwill	NOUN
ajfa-16655	31	23	has	have	VERB
ajfa-16655	31	24	a	a	DET
ajfa-16655	31	25	positive	positive	ADJ
ajfa-16655	31	26	impact	impact	NOUN
ajfa-16655	31	27	on	on	ADP
ajfa-16655	31	28	firm	firm	NOUN
ajfa-16655	31	29	’s	’s	PART
ajfa-16655	31	30	performance	performance	NOUN
ajfa-16655	31	31	,	,	PUNCT
ajfa-16655	31	32	however	however	ADV
ajfa-16655	31	33	,	,	PUNCT
ajfa-16655	31	34	the	the	DET
ajfa-16655	31	35	research	research	NOUN
ajfa-16655	31	36	is	be	AUX
ajfa-16655	31	37	conducted	conduct	VERB
ajfa-16655	31	38	in	in	ADP
ajfa-16655	31	39	the	the	DET
ajfa-16655	31	40	mena	mena	PROPN
ajfa-16655	31	41	region	region	PROPN
ajfa-16655	31	42	.	.	PUNCT
ajfa-16655	32	1	rufo	rufo	PROPN
ajfa-16655	32	2	mendoza	mendoza	PROPN
ajfa-16655	32	3	(	(	PUNCT
ajfa-16655	32	4	2017	2017	NUM
ajfa-16655	32	5	)	)	PUNCT
ajfa-16655	32	6	studied	study	VERB
ajfa-16655	32	7	the	the	DET
ajfa-16655	32	8	importance	importance	NOUN
ajfa-16655	32	9	of	of	ADP
ajfa-16655	32	10	intangible	intangible	ADJ
ajfa-16655	32	11	assets	asset	NOUN
ajfa-16655	32	12	in	in	ADP
ajfa-16655	32	13	improving	improve	VERB
ajfa-16655	32	14	financial	financial	ADJ
ajfa-16655	32	15	performance	performance	NOUN
ajfa-16655	32	16	,	,	PUNCT
ajfa-16655	32	17	creating	create	VERB
ajfa-16655	32	18	value	value	NOUN
ajfa-16655	32	19	&	&	CCONJ
ajfa-16655	32	20	maintain	maintain	VERB
ajfa-16655	32	21	competitiveness	competitiveness	NOUN
ajfa-16655	32	22	,	,	PUNCT
ajfa-16655	32	23	it	it	PRON
ajfa-16655	32	24	was	be	AUX
ajfa-16655	32	25	conducted	conduct	VERB
ajfa-16655	32	26	in	in	ADP
ajfa-16655	32	27	the	the	DET
ajfa-16655	32	28	philippines	philippine	NOUN
ajfa-16655	32	29	stock	stock	NOUN
ajfa-16655	32	30	exchange	exchange	PROPN
ajfa-16655	32	31	.	.	PUNCT
ajfa-16655	33	1	the	the	DET
ajfa-16655	33	2	effect	effect	NOUN
ajfa-16655	33	3	of	of	ADP
ajfa-16655	33	4	intangible	intangible	ADJ
ajfa-16655	33	5	assets	asset	NOUN
ajfa-16655	33	6	on	on	ADP
ajfa-16655	33	7	financial	financial	ADJ
ajfa-16655	33	8	policy	policy	NOUN
ajfa-16655	33	9	,	,	PUNCT
ajfa-16655	33	10	financial	financial	ADJ
ajfa-16655	33	11	performance	performance	NOUN
ajfa-16655	33	12	&	&	CCONJ
ajfa-16655	33	13	firm	firm	ADJ
ajfa-16655	33	14	value	value	NOUN
ajfa-16655	33	15	covered	cover	VERB
ajfa-16655	33	16	rarely	rarely	ADV
ajfa-16655	33	17	in	in	ADP
ajfa-16655	33	18	previous	previous	ADJ
ajfa-16655	33	19	literature	literature	NOUN
ajfa-16655	33	20	,	,	PUNCT
ajfa-16655	33	21	only	only	ADV
ajfa-16655	33	22	one	one	NUM
ajfa-16655	33	23	paper	paper	NOUN
ajfa-16655	33	24	available	available	ADJ
ajfa-16655	33	25	in	in	ADP
ajfa-16655	33	26	gamayuni	gamayuni	PROPN
ajfa-16655	33	27	(	(	PUNCT
ajfa-16655	33	28	2015	2015	NUM
ajfa-16655	33	29	)	)	PUNCT
ajfa-16655	33	30	but	but	CCONJ
ajfa-16655	33	31	that	that	PRON
ajfa-16655	33	32	is	be	AUX
ajfa-16655	33	33	also	also	ADV
ajfa-16655	33	34	in	in	ADP
ajfa-16655	33	35	the	the	DET
ajfa-16655	33	36	context	context	NOUN
ajfa-16655	33	37	of	of	ADP
ajfa-16655	33	38	indonesia	indonesia	PROPN
ajfa-16655	33	39	in	in	ADP
ajfa-16655	33	40	the	the	DET
ajfa-16655	33	41	manufacturing	manufacturing	NOUN
ajfa-16655	33	42	industry	industry	NOUN
ajfa-16655	33	43	.	.	PUNCT
ajfa-16655	34	1	in	in	ADP
ajfa-16655	34	2	short	short	ADJ
ajfa-16655	34	3	,	,	PUNCT
ajfa-16655	34	4	studies	study	NOUN
ajfa-16655	34	5	undertaken	undertake	VERB
ajfa-16655	34	6	are	be	AUX
ajfa-16655	34	7	mostly	mostly	ADV
ajfa-16655	34	8	limited	limit	VERB
ajfa-16655	34	9	to	to	ADP
ajfa-16655	34	10	country	country	NOUN
ajfa-16655	34	11	or	or	CCONJ
ajfa-16655	34	12	region	region	NOUN
ajfa-16655	34	13	-	-	PUNCT
ajfa-16655	34	14	specific	specific	ADJ
ajfa-16655	34	15	studies	study	NOUN
ajfa-16655	34	16	.	.	PUNCT
ajfa-16655	35	1	in	in	ADP
ajfa-16655	35	2	our	our	PRON
ajfa-16655	35	3	opinion	opinion	NOUN
ajfa-16655	35	4	,	,	PUNCT
ajfa-16655	35	5	intangible	intangible	ADJ
ajfa-16655	35	6	assets	asset	NOUN
ajfa-16655	35	7	are	be	AUX
ajfa-16655	35	8	not	not	PART
ajfa-16655	35	9	related	relate	VERB
ajfa-16655	35	10	to	to	ADP
ajfa-16655	35	11	region	region	NOUN
ajfa-16655	35	12	but	but	CCONJ
ajfa-16655	35	13	to	to	ADP
ajfa-16655	35	14	sectors	sector	NOUN
ajfa-16655	35	15	,	,	PUNCT
ajfa-16655	35	16	different	different	ADJ
ajfa-16655	35	17	sectors	sector	NOUN
ajfa-16655	35	18	have	have	VERB
ajfa-16655	35	19	their	their	PRON
ajfa-16655	35	20	own	own	ADJ
ajfa-16655	35	21	peculiar	peculiar	ADJ
ajfa-16655	35	22	requirement	requirement	NOUN
ajfa-16655	35	23	.	.	PUNCT
ajfa-16655	36	1	we	we	PRON
ajfa-16655	36	2	for	for	ADP
ajfa-16655	36	3	the	the	DET
ajfa-16655	36	4	first	first	ADJ
ajfa-16655	36	5	time	time	NOUN
ajfa-16655	36	6	covered	cover	VERB
ajfa-16655	36	7	the	the	DET
ajfa-16655	36	8	whole	whole	ADJ
ajfa-16655	36	9	sector	sector	NOUN
ajfa-16655	36	10	globally	globally	ADV
ajfa-16655	36	11	.	.	PUNCT
ajfa-16655	37	1	we	we	PRON
ajfa-16655	37	2	choose	choose	VERB
ajfa-16655	37	3	the	the	DET
ajfa-16655	37	4	technology	technology	NOUN
ajfa-16655	37	5	sector	sector	NOUN
ajfa-16655	37	6	,	,	PUNCT
ajfa-16655	37	7	as	as	SCONJ
ajfa-16655	37	8	it	it	PRON
ajfa-16655	37	9	as	as	ADP
ajfa-16655	37	10	a	a	DET
ajfa-16655	37	11	high	high	ADJ
ajfa-16655	37	12	degree	degree	NOUN
ajfa-16655	37	13	of	of	ADP
ajfa-16655	37	14	intangibles	intangible	NOUN
ajfa-16655	37	15	as	as	SCONJ
ajfa-16655	37	16	compared	compare	VERB
ajfa-16655	37	17	to	to	ADP
ajfa-16655	37	18	other	other	ADJ
ajfa-16655	37	19	,	,	PUNCT
ajfa-16655	37	20	and	and	CCONJ
ajfa-16655	37	21	have	have	VERB
ajfa-16655	37	22	a	a	DET
ajfa-16655	37	23	more	more	ADV
ajfa-16655	37	24	pronounced	pronounced	ADJ
ajfa-16655	37	25	effect	effect	NOUN
ajfa-16655	37	26	on	on	ADP
ajfa-16655	37	27	performance	performance	NOUN
ajfa-16655	37	28	.	.	PUNCT
ajfa-16655	38	1	moreover	moreover	ADV
ajfa-16655	38	2	,	,	PUNCT
ajfa-16655	38	3	comparative	comparative	ADJ
ajfa-16655	38	4	analysis	analysis	NOUN
ajfa-16655	38	5	of	of	ADP
ajfa-16655	38	6	factors	factor	NOUN
ajfa-16655	38	7	affected	affect	VERB
ajfa-16655	38	8	by	by	ADP
ajfa-16655	38	9	intangible	intangible	ADJ
ajfa-16655	38	10	assets	asset	NOUN
ajfa-16655	38	11	could	could	AUX
ajfa-16655	38	12	also	also	ADV
ajfa-16655	38	13	highlight	highlight	VERB
ajfa-16655	38	14	the	the	DET
ajfa-16655	38	15	countryspecific	countryspecific	NOUN
ajfa-16655	38	16	underlying	underlie	VERB
ajfa-16655	38	17	trend	trend	NOUN
ajfa-16655	38	18	in	in	ADP
ajfa-16655	38	19	tech	tech	NOUN
ajfa-16655	38	20	sector	sector	NOUN
ajfa-16655	38	21	,	,	PUNCT
ajfa-16655	38	22	and	and	CCONJ
ajfa-16655	38	23	where	where	SCONJ
ajfa-16655	38	24	it	it	PRON
ajfa-16655	38	25	’s	’	VERB
ajfa-16655	38	26	significant	significant	ADJ
ajfa-16655	38	27	enough	enough	ADV
ajfa-16655	38	28	to	to	PART
ajfa-16655	38	29	overshadow	overshadow	VERB
ajfa-16655	38	30	industryspecific	industryspecific	ADJ
ajfa-16655	38	31	characteristics	characteristic	NOUN
ajfa-16655	38	32	.	.	PUNCT
ajfa-16655	39	1	researchers	researcher	NOUN
ajfa-16655	39	2	have	have	AUX
ajfa-16655	39	3	long	long	ADV
ajfa-16655	39	4	recognized	recognize	VERB
ajfa-16655	39	5	that	that	SCONJ
ajfa-16655	39	6	intangible	intangible	ADJ
ajfa-16655	39	7	assets	asset	NOUN
ajfa-16655	39	8	can	can	AUX
ajfa-16655	39	9	be	be	AUX
ajfa-16655	39	10	critically	critically	ADV
ajfa-16655	39	11	important	important	ADJ
ajfa-16655	39	12	to	to	ADP
ajfa-16655	39	13	firm	firm	ADJ
ajfa-16655	39	14	value	value	NOUN
ajfa-16655	39	15	and	and	CCONJ
ajfa-16655	39	16	affect	affect	VERB
ajfa-16655	39	17	firms	firm	NOUN
ajfa-16655	39	18	’	'	PUNCT
ajfa-16655	39	19	financial	financial	ADJ
ajfa-16655	39	20	policies	policy	NOUN
ajfa-16655	39	21	.	.	PUNCT
ajfa-16655	40	1	for	for	ADP
ajfa-16655	40	2	example	example	NOUN
ajfa-16655	40	3	,	,	PUNCT
ajfa-16655	40	4	the	the	DET
ajfa-16655	40	5	patents	patent	NOUN
ajfa-16655	40	6	of	of	ADP
ajfa-16655	40	7	apple	apple	NOUN
ajfa-16655	40	8	and	and	CCONJ
ajfa-16655	40	9	pfizer	pfizer	NOUN
ajfa-16655	40	10	,	,	PUNCT
ajfa-16655	40	11	the	the	DET
ajfa-16655	40	12	brands	brand	NOUN
ajfa-16655	40	13	of	of	ADP
ajfa-16655	40	14	coke	coke	PROPN
ajfa-16655	40	15	and	and	CCONJ
ajfa-16655	40	16	amazon	amazon	PROPN
ajfa-16655	40	17	,	,	PUNCT
ajfa-16655	40	18	the	the	DET
ajfa-16655	40	19	unique	unique	ADJ
ajfa-16655	40	20	supply	supply	NOUN
ajfa-16655	40	21	chain	chain	NOUN
ajfa-16655	40	22	of	of	ADP
ajfa-16655	40	23	walmart	walmart	PROPN
ajfa-16655	40	24	,	,	PUNCT
ajfa-16655	40	25	and	and	CCONJ
ajfa-16655	40	26	the	the	DET
ajfa-16655	40	27	highly	highly	ADV
ajfa-16655	40	28	efficient	efficient	ADJ
ajfa-16655	40	29	business	business	NOUN
ajfa-16655	40	30	process	process	NOUN
ajfa-16655	40	31	of	of	ADP
ajfa-16655	40	32	southwest	southwest	NOUN
ajfa-16655	40	33	airlines	airline	NOUN
ajfa-16655	40	34	have	have	AUX
ajfa-16655	40	35	bolstered	bolster	VERB
ajfa-16655	40	36	the	the	DET
ajfa-16655	40	37	competitive	competitive	ADJ
ajfa-16655	40	38	advantages	advantage	NOUN
ajfa-16655	40	39	and	and	CCONJ
ajfa-16655	40	40	corporate	corporate	ADJ
ajfa-16655	40	41	values	value	NOUN
ajfa-16655	40	42	of	of	ADP
ajfa-16655	40	43	these	these	DET
ajfa-16655	40	44	firms	firm	NOUN
ajfa-16655	40	45	in	in	ADP
ajfa-16655	40	46	the	the	DET
ajfa-16655	40	47	knowledge	knowledge	NOUN
ajfa-16655	40	48	economy	economy	NOUN
ajfa-16655	40	49	(	(	PUNCT
ajfa-16655	40	50	lev	lev	NOUN
ajfa-16655	40	51	and	and	CCONJ
ajfa-16655	40	52	gu	gu	NOUN
ajfa-16655	40	53	2016	2016	NUM
ajfa-16655	40	54	)	)	PUNCT
ajfa-16655	40	55	.	.	PUNCT
ajfa-16655	41	1	however	however	ADV
ajfa-16655	41	2	,	,	PUNCT
ajfa-16655	41	3	it	it	PRON
ajfa-16655	41	4	has	have	AUX
ajfa-16655	41	5	been	be	AUX
ajfa-16655	41	6	difficult	difficult	ADJ
ajfa-16655	41	7	to	to	PART
ajfa-16655	41	8	document	document	VERB
ajfa-16655	41	9	intangibles	intangible	NOUN
ajfa-16655	41	10	’	'	PUNCT
ajfa-16655	41	11	effects	effect	NOUN
ajfa-16655	41	12	on	on	ADP
ajfa-16655	41	13	firms	firm	NOUN
ajfa-16655	41	14	’	'	PUNCT
ajfa-16655	41	15	financial	financial	ADJ
ajfa-16655	41	16	policies	policy	NOUN
ajfa-16655	41	17	because	because	SCONJ
ajfa-16655	41	18	the	the	DET
ajfa-16655	41	19	conservative	conservative	ADJ
ajfa-16655	41	20	accounting	accounting	NOUN
ajfa-16655	41	21	practice	practice	NOUN
ajfa-16655	41	22	does	do	AUX
ajfa-16655	41	23	not	not	PART
ajfa-16655	41	24	recognize	recognize	VERB
ajfa-16655	41	25	the	the	DET
ajfa-16655	41	26	most	most	ADV
ajfa-16655	41	27	internally	internally	ADV
ajfa-16655	41	28	-	-	PUNCT
ajfa-16655	41	29	generated	generate	VERB
ajfa-16655	41	30	intangible	intangible	ADJ
ajfa-16655	41	31	assets	asset	NOUN
ajfa-16655	41	32	on	on	ADP
ajfa-16655	41	33	the	the	DET
ajfa-16655	41	34	balance	balance	NOUN
ajfa-16655	41	35	sheet	sheet	NOUN
ajfa-16655	41	36	.	.	PUNCT
ajfa-16655	42	1	for	for	ADP
ajfa-16655	42	2	example	example	NOUN
ajfa-16655	42	3	,	,	PUNCT
ajfa-16655	42	4	firm	firm	NOUN
ajfa-16655	42	5	’s	’s	PART
ajfa-16655	42	6	expense	expense	NOUN
ajfa-16655	42	7	advertising	advertising	NOUN
ajfa-16655	42	8	as	as	ADV
ajfa-16655	42	9	well	well	ADV
ajfa-16655	42	10	as	as	ADP
ajfa-16655	42	11	research	research	NOUN
ajfa-16655	42	12	and	and	CCONJ
ajfa-16655	42	13	development	development	NOUN
ajfa-16655	42	14	(	(	PUNCT
ajfa-16655	42	15	r&d	r&d	NOUN
ajfa-16655	42	16	)	)	PUNCT
ajfa-16655	42	17	expenditures	expenditure	NOUN
ajfa-16655	42	18	,	,	PUNCT
ajfa-16655	42	19	except	except	SCONJ
ajfa-16655	42	20	for	for	ADP
ajfa-16655	42	21	certain	certain	ADJ
ajfa-16655	42	22	software	software	NOUN
ajfa-16655	42	23	development	development	NOUN
ajfa-16655	42	24	costs	cost	NOUN
ajfa-16655	42	25	.	.	PUNCT
ajfa-16655	43	1	in	in	ADP
ajfa-16655	43	2	contrast	contrast	NOUN
ajfa-16655	43	3	,	,	PUNCT
ajfa-16655	43	4	accounting	accounting	NOUN
ajfa-16655	43	5	capitalizes	capitalize	VERB
ajfa-16655	43	6	externally	externally	ADV
ajfa-16655	43	7	acquired	acquire	VERB
ajfa-16655	43	8	intangible	intangible	ADJ
ajfa-16655	43	9	assets	asset	NOUN
ajfa-16655	43	10	.	.	PUNCT
ajfa-16655	44	1	peters	peters	PROPN
ajfa-16655	44	2	and	and	CCONJ
ajfa-16655	44	3	taylor	taylor	PROPN
ajfa-16655	44	4	(	(	PUNCT
ajfa-16655	44	5	2017	2017	NUM
ajfa-16655	44	6	)	)	PUNCT
ajfa-16655	44	7	estimate	estimate	NOUN
ajfa-16655	44	8	that	that	SCONJ
ajfa-16655	44	9	firms	firm	NOUN
ajfa-16655	44	10	purchase	purchase	VERB
ajfa-16655	44	11	only	only	ADV
ajfa-16655	44	12	19	19	NUM
ajfa-16655	44	13	%	%	NOUN
ajfa-16655	44	14	of	of	ADP
ajfa-16655	44	15	their	their	PRON
ajfa-16655	44	16	intangible	intangible	ADJ
ajfa-16655	44	17	assets	asset	NOUN
ajfa-16655	44	18	externally.1	externally.1	VERB
ajfa-16655	44	19	the	the	DET
ajfa-16655	44	20	economist	economist	NOUN
ajfa-16655	44	21	(	(	PUNCT
ajfa-16655	44	22	2014	2014	NUM
ajfa-16655	44	23	)	)	PUNCT
ajfa-16655	44	24	reports	report	VERB
ajfa-16655	44	25	that	that	SCONJ
ajfa-16655	44	26	“	"	PUNCT
ajfa-16655	44	27	in	in	ADP
ajfa-16655	44	28	2005	2005	NUM
ajfa-16655	44	29	procter	procter	NOUN
ajfa-16655	44	30	&	&	CCONJ
ajfa-16655	44	31	gamble	gamble	PROPN
ajfa-16655	44	32	,	,	PUNCT
ajfa-16655	44	33	a	a	DET
ajfa-16655	44	34	consumer	consumer	NOUN
ajfa-16655	44	35	-	-	PUNCT
ajfa-16655	44	36	goods	good	NOUN
ajfa-16655	44	37	company	company	NOUN
ajfa-16655	44	38	,	,	PUNCT
ajfa-16655	44	39	paid	pay	VERB
ajfa-16655	44	40	$	$	SYM
ajfa-16655	44	41	57	57	NUM
ajfa-16655	44	42	billion	billion	NUM
ajfa-16655	44	43	for	for	ADP
ajfa-16655	44	44	the	the	DET
ajfa-16655	44	45	gillette	gillette	PROPN
ajfa-16655	44	46	razor	razor	NOUN
ajfa-16655	44	47	company	company	NOUN
ajfa-16655	44	48	.	.	PUNCT
ajfa-16655	45	1	the	the	DET
ajfa-16655	45	2	brand	brand	NOUN
ajfa-16655	45	3	alone	alone	ADV
ajfa-16655	45	4	,	,	PUNCT
ajfa-16655	45	5	p&g	p&g	PROPN
ajfa-16655	45	6	reckoned	reckon	VERB
ajfa-16655	45	7	,	,	PUNCT
ajfa-16655	45	8	was	be	AUX
ajfa-16655	45	9	worth	worth	ADJ
ajfa-16655	45	10	$	$	SYM
ajfa-16655	45	11	24	24	NUM
ajfa-16655	45	12	billion	billion	NUM
ajfa-16655	45	13	.	.	PUNCT
ajfa-16655	45	14	”	"	PUNCT
ajfa-16655	46	1	for	for	ADP
ajfa-16655	46	2	these	these	DET
ajfa-16655	46	3	intangible	intangible	ADJ
ajfa-16655	46	4	assets	asset	NOUN
ajfa-16655	46	5	,	,	PUNCT
ajfa-16655	46	6	researchers	researcher	NOUN
ajfa-16655	46	7	typically	typically	ADV
ajfa-16655	46	8	can	can	AUX
ajfa-16655	46	9	observe	observe	VERB
ajfa-16655	46	10	neither	neither	PRON
ajfa-16655	46	11	book	book	NOUN
ajfa-16655	46	12	nor	nor	CCONJ
ajfa-16655	46	13	market	market	NOUN
ajfa-16655	46	14	or	or	CCONJ
ajfa-16655	46	15	fair	fair	ADJ
ajfa-16655	46	16	values	value	NOUN
ajfa-16655	46	17	.	.	PUNCT
ajfa-16655	47	1	in	in	ADP
ajfa-16655	47	2	this	this	DET
ajfa-16655	47	3	information	information	NOUN
ajfa-16655	47	4	era	era	NOUN
ajfa-16655	47	5	,	,	PUNCT
ajfa-16655	47	6	intangible	intangible	ADJ
ajfa-16655	47	7	assets	asset	NOUN
ajfa-16655	47	8	dominate	dominate	VERB
ajfa-16655	47	9	the	the	DET
ajfa-16655	47	10	environment	environment	NOUN
ajfa-16655	47	11	compared	compare	VERB
ajfa-16655	47	12	to	to	ADP
ajfa-16655	47	13	during	during	ADP
ajfa-16655	47	14	the	the	DET
ajfa-16655	47	15	industrial	industrial	ADJ
ajfa-16655	47	16	era	era	NOUN
ajfa-16655	47	17	that	that	PRON
ajfa-16655	47	18	was	be	AUX
ajfa-16655	47	19	dominated	dominate	VERB
ajfa-16655	47	20	by	by	ADP
ajfa-16655	47	21	tangible	tangible	ADJ
ajfa-16655	47	22	assets	asset	NOUN
ajfa-16655	47	23	.	.	PUNCT
ajfa-16655	48	1	zhang	zhang	PROPN
ajfa-16655	48	2	(	(	PUNCT
ajfa-16655	48	3	2017	2017	NUM
ajfa-16655	48	4	)	)	PUNCT
ajfa-16655	48	5	found	find	VERB
ajfa-16655	48	6	that	that	SCONJ
ajfa-16655	48	7	the	the	DET
ajfa-16655	48	8	inferred	infer	VERB
ajfa-16655	48	9	intangibles	intangible	NOUN
ajfa-16655	48	10	have	have	VERB
ajfa-16655	48	11	predictive	predictive	ADJ
ajfa-16655	48	12	power	power	NOUN
ajfa-16655	48	13	for	for	ADP
ajfa-16655	48	14	stock	stock	NOUN
ajfa-16655	48	15	returns	return	NOUN
ajfa-16655	48	16	,	,	PUNCT
ajfa-16655	48	17	which	which	PRON
ajfa-16655	48	18	might	might	AUX
ajfa-16655	48	19	be	be	AUX
ajfa-16655	48	20	because	because	SCONJ
ajfa-16655	48	21	of	of	ADP
ajfa-16655	48	22	mean‐reverting	mean‐reverte	VERB
ajfa-16655	48	23	misevaluation	misevaluation	NOUN
ajfa-16655	48	24	by	by	ADP
ajfa-16655	48	25	the	the	DET
ajfa-16655	48	26	stock	stock	NOUN
ajfa-16655	48	27	market	market	NOUN
ajfa-16655	48	28	;	;	PUNCT
ajfa-16655	48	29	and	and	CCONJ
ajfa-16655	48	30	the	the	DET
ajfa-16655	48	31	way	way	NOUN
ajfa-16655	48	32	the	the	DET
ajfa-16655	48	33	inferred	infer	VERB
ajfa-16655	48	34	intangibles	intangible	NOUN
ajfa-16655	48	35	predict	predict	VERB
ajfa-16655	48	36	stock	stock	NOUN
ajfa-16655	48	37	returns	return	NOUN
ajfa-16655	48	38	is	be	AUX
ajfa-16655	48	39	consistent	consistent	ADJ
ajfa-16655	48	40	with	with	ADP
ajfa-16655	48	41	the	the	DET
ajfa-16655	48	42	three‐factor	three‐factor	NOUN
ajfa-16655	48	43	model	model	NOUN
ajfa-16655	48	44	of	of	ADP
ajfa-16655	48	45	fama	fama	NOUN
ajfa-16655	48	46	and	and	CCONJ
ajfa-16655	48	47	french	french	ADJ
ajfa-16655	48	48	(	(	PUNCT
ajfa-16655	48	49	1992	1992	NUM
ajfa-16655	48	50	)	)	PUNCT
ajfa-16655	48	51	.	.	PUNCT
ajfa-16655	49	1	these	these	DET
ajfa-16655	49	2	changes	change	NOUN
ajfa-16655	49	3	have	have	AUX
ajfa-16655	49	4	led	lead	VERB
ajfa-16655	49	5	the	the	DET
ajfa-16655	49	6	role	role	NOUN
ajfa-16655	49	7	of	of	ADP
ajfa-16655	49	8	intangibles	intangible	NOUN
ajfa-16655	49	9	to	to	PART
ajfa-16655	49	10	increase	increase	VERB
ajfa-16655	49	11	to	to	PART
ajfa-16655	49	12	provide	provide	VERB
ajfa-16655	49	13	a	a	DET
ajfa-16655	49	14	more	more	ADV
ajfa-16655	49	15	informative	informative	ADJ
ajfa-16655	49	16	and	and	CCONJ
ajfa-16655	49	17	reflective	reflective	ADJ
ajfa-16655	49	18	business	business	NOUN
ajfa-16655	49	19	performance	performance	NOUN
ajfa-16655	49	20	intended	intend	VERB
ajfa-16655	49	21	for	for	ADP
ajfa-16655	49	22	the	the	DET
ajfa-16655	49	23	investors	investor	NOUN
ajfa-16655	49	24	in	in	ADP
ajfa-16655	49	25	the	the	DET
ajfa-16655	49	26	decision	decision	NOUN
ajfa-16655	49	27	-	-	PUNCT
ajfa-16655	49	28	making	make	VERB
ajfa-16655	49	29	process	process	NOUN
ajfa-16655	49	30	asian	asian	ADJ
ajfa-16655	49	31	journal	journal	NOUN
ajfa-16655	49	32	of	of	ADP
ajfa-16655	49	33	finance	finance	PROPN
ajfa-16655	49	34	&	&	CCONJ
ajfa-16655	49	35	accounting	accounting	PROPN
ajfa-16655	49	36	issn	issn	PROPN
ajfa-16655	49	37	1946	1946	NUM
ajfa-16655	49	38	-	-	PUNCT
ajfa-16655	49	39	052x	052x	NOUN
ajfa-16655	49	40	2020	2020	NUM
ajfa-16655	49	41	,	,	PUNCT
ajfa-16655	49	42	vol	vol	NOUN
ajfa-16655	49	43	.	.	PROPN
ajfa-16655	50	1	12	12	NUM
ajfa-16655	50	2	,	,	PUNCT
ajfa-16655	50	3	no	no	INTJ
ajfa-16655	50	4	.	.	NOUN
ajfa-16655	50	5	1	1	NUM
ajfa-16655	50	6	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	50	7	30	30	NUM
ajfa-16655	50	8	which	which	PRON
ajfa-16655	50	9	the	the	DET
ajfa-16655	50	10	traditional	traditional	ADJ
ajfa-16655	50	11	accounting	accounting	NOUN
ajfa-16655	50	12	standards	standard	NOUN
ajfa-16655	50	13	can	can	AUX
ajfa-16655	50	14	not	not	PART
ajfa-16655	50	15	fulfill	fulfill	VERB
ajfa-16655	50	16	anymore	anymore	ADV
ajfa-16655	50	17	(	(	PUNCT
ajfa-16655	50	18	wilson	wilson	PROPN
ajfa-16655	50	19	,	,	PUNCT
ajfa-16655	50	20	et.al	et.al	PROPN
ajfa-16655	50	21	.	.	PUNCT
ajfa-16655	50	22	2014	2014	NUM
ajfa-16655	50	23	;	;	PUNCT
ajfa-16655	51	1	yu	yu	NOUN
ajfa-16655	51	2	-	-	PUNCT
ajfa-16655	51	3	chi	chi	PROPN
ajfa-16655	51	4	and	and	CCONJ
ajfa-16655	51	5	lin	lin	PROPN
ajfa-16655	51	6	,	,	PUNCT
ajfa-16655	51	7	2018	2018	NUM
ajfa-16655	51	8	)	)	PUNCT
ajfa-16655	51	9	.	.	PUNCT
ajfa-16655	52	1	1.2	1.2	NUM
ajfa-16655	52	2	problem	problem	NOUN
ajfa-16655	52	3	statement	statement	NOUN
ajfa-16655	52	4	some	some	DET
ajfa-16655	52	5	types	type	NOUN
ajfa-16655	52	6	of	of	ADP
ajfa-16655	52	7	intangible	intangible	ADJ
ajfa-16655	52	8	assets	asset	NOUN
ajfa-16655	52	9	or	or	CCONJ
ajfa-16655	52	10	intellectual	intellectual	ADJ
ajfa-16655	52	11	property	property	NOUN
ajfa-16655	52	12	are	be	AUX
ajfa-16655	52	13	not	not	PART
ajfa-16655	52	14	mentioned	mention	VERB
ajfa-16655	52	15	in	in	ADP
ajfa-16655	52	16	any	any	DET
ajfa-16655	52	17	other	other	ADJ
ajfa-16655	52	18	financial	financial	ADJ
ajfa-16655	52	19	statements	statement	NOUN
ajfa-16655	52	20	,	,	PUNCT
ajfa-16655	52	21	because	because	SCONJ
ajfa-16655	52	22	monetary	monetary	ADJ
ajfa-16655	52	23	value	value	NOUN
ajfa-16655	52	24	is	be	AUX
ajfa-16655	52	25	difficult	difficult	ADJ
ajfa-16655	52	26	to	to	PART
ajfa-16655	52	27	calculate	calculate	VERB
ajfa-16655	52	28	or	or	CCONJ
ajfa-16655	52	29	quantify	quantify	VERB
ajfa-16655	52	30	.	.	PUNCT
ajfa-16655	53	1	intellectual	intellectual	ADJ
ajfa-16655	53	2	capital	capital	NOUN
ajfa-16655	53	3	is	be	AUX
ajfa-16655	53	4	the	the	DET
ajfa-16655	53	5	community	community	NOUN
ajfa-16655	53	6	of	of	ADP
ajfa-16655	53	7	information	information	NOUN
ajfa-16655	53	8	assets	asset	NOUN
ajfa-16655	53	9	assigned	assign	VERB
ajfa-16655	53	10	to	to	ADP
ajfa-16655	53	11	an	an	DET
ajfa-16655	53	12	organization	organization	NOUN
ajfa-16655	53	13	,	,	PUNCT
ajfa-16655	53	14	which	which	PRON
ajfa-16655	53	15	contributes	contribute	VERB
ajfa-16655	53	16	most	most	ADV
ajfa-16655	53	17	significantly	significantly	ADV
ajfa-16655	53	18	to	to	ADP
ajfa-16655	53	19	this	this	DET
ajfa-16655	53	20	organization	organization	NOUN
ajfa-16655	53	21	's	's	PART
ajfa-16655	53	22	improved	improve	VERB
ajfa-16655	53	23	competitive	competitive	ADJ
ajfa-16655	53	24	position	position	NOUN
ajfa-16655	53	25	,	,	PUNCT
ajfa-16655	53	26	identified	identify	VERB
ajfa-16655	53	27	by	by	ADP
ajfa-16655	53	28	adding	add	VERB
ajfa-16655	53	29	value	value	NOUN
ajfa-16655	53	30	to	to	ADP
ajfa-16655	53	31	key	key	ADJ
ajfa-16655	53	32	stakeholders	stakeholder	NOUN
ajfa-16655	53	33	(	(	PUNCT
ajfa-16655	53	34	marr	marr	ADJ
ajfa-16655	53	35	and	and	CCONJ
ajfa-16655	53	36	schiuma	schiuma	ADJ
ajfa-16655	53	37	,	,	PUNCT
ajfa-16655	53	38	2001	2001	NUM
ajfa-16655	53	39	)	)	PUNCT
ajfa-16655	53	40	.	.	PUNCT
ajfa-16655	54	1	according	accord	VERB
ajfa-16655	54	2	to	to	ADP
ajfa-16655	54	3	sveiby	sveiby	PROPN
ajfa-16655	54	4	(	(	PUNCT
ajfa-16655	54	5	1998	1998	NUM
ajfa-16655	54	6	)	)	PUNCT
ajfa-16655	54	7	,	,	PUNCT
ajfa-16655	54	8	the	the	DET
ajfa-16655	54	9	unseen	unseen	ADJ
ajfa-16655	54	10	intangible	intangible	ADJ
ajfa-16655	54	11	component	component	NOUN
ajfa-16655	54	12	of	of	ADP
ajfa-16655	54	13	the	the	DET
ajfa-16655	54	14	balance	balance	NOUN
ajfa-16655	54	15	sheet	sheet	NOUN
ajfa-16655	54	16	can	can	AUX
ajfa-16655	54	17	be	be	AUX
ajfa-16655	54	18	described	describe	VERB
ajfa-16655	54	19	as	as	ADP
ajfa-16655	54	20	a	a	DET
ajfa-16655	54	21	family	family	NOUN
ajfa-16655	54	22	of	of	ADP
ajfa-16655	54	23	three	three	NUM
ajfa-16655	54	24	,	,	PUNCT
ajfa-16655	54	25	individual	individual	ADJ
ajfa-16655	54	26	competence	competence	NOUN
ajfa-16655	54	27	,	,	PUNCT
ajfa-16655	54	28	internal	internal	ADJ
ajfa-16655	54	29	structure	structure	NOUN
ajfa-16655	54	30	and	and	CCONJ
ajfa-16655	54	31	external	external	ADJ
ajfa-16655	54	32	structure	structure	NOUN
ajfa-16655	54	33	”	"	PUNCT
ajfa-16655	54	34	.	.	PUNCT
ajfa-16655	55	1	meanwhile	meanwhile	ADV
ajfa-16655	55	2	,	,	PUNCT
ajfa-16655	55	3	leif	leif	NOUN
ajfa-16655	55	4	edvinsson	edvinsson	NOUN
ajfa-16655	55	5	,	,	PUNCT
ajfa-16655	55	6	as	as	SCONJ
ajfa-16655	55	7	quoted	quote	VERB
ajfa-16655	55	8	by	by	ADP
ajfa-16655	55	9	equates	equate	VERB
ajfa-16655	55	10	intellectual	intellectual	ADJ
ajfa-16655	55	11	capital	capital	NOUN
ajfa-16655	55	12	as	as	ADP
ajfa-16655	55	13	amount	amount	NOUN
ajfa-16655	55	14	of	of	ADP
ajfa-16655	55	15	human	human	ADJ
ajfa-16655	55	16	capital	capital	NOUN
ajfa-16655	55	17	and	and	CCONJ
ajfa-16655	55	18	structural	structural	ADJ
ajfa-16655	55	19	capital	capital	NOUN
ajfa-16655	55	20	(	(	PUNCT
ajfa-16655	55	21	eg	eg	NOUN
ajfa-16655	55	22	,	,	PUNCT
ajfa-16655	55	23	relationships	relationship	NOUN
ajfa-16655	55	24	with	with	ADP
ajfa-16655	55	25	consumers	consumer	NOUN
ajfa-16655	55	26	,	,	PUNCT
ajfa-16655	55	27	network	network	NOUN
ajfa-16655	55	28	management	management	NOUN
ajfa-16655	55	29	and	and	CCONJ
ajfa-16655	55	30	information	information	NOUN
ajfa-16655	55	31	technology	technology	NOUN
ajfa-16655	55	32	)	)	PUNCT
ajfa-16655	55	33	.	.	PUNCT
ajfa-16655	56	1	choong	choong	NOUN
ajfa-16655	56	2	(	(	PUNCT
ajfa-16655	56	3	2008	2008	NUM
ajfa-16655	56	4	)	)	PUNCT
ajfa-16655	56	5	calculated	calculate	VERB
ajfa-16655	56	6	excess	excess	ADJ
ajfa-16655	56	7	roa	roa	NOUN
ajfa-16655	56	8	intellectual	intellectual	ADJ
ajfa-16655	56	9	capital	capital	NOUN
ajfa-16655	56	10	as	as	ADP
ajfa-16655	56	11	composed	compose	VERB
ajfa-16655	56	12	of	of	ADP
ajfa-16655	56	13	intangible	intangible	ADJ
ajfa-16655	56	14	individual	individual	NOUN
ajfa-16655	56	15	,	,	PUNCT
ajfa-16655	56	16	company	company	NOUN
ajfa-16655	56	17	and	and	CCONJ
ajfa-16655	56	18	institutional	institutional	ADJ
ajfa-16655	56	19	properties	property	NOUN
ajfa-16655	56	20	.	.	PUNCT
ajfa-16655	57	1	intellectual	intellectual	ADJ
ajfa-16655	57	2	capital	capital	NOUN
ajfa-16655	57	3	can	can	AUX
ajfa-16655	57	4	thus	thus	ADV
ajfa-16655	57	5	be	be	AUX
ajfa-16655	57	6	characterized	characterize	VERB
ajfa-16655	57	7	as	as	ADP
ajfa-16655	57	8	the	the	DET
ajfa-16655	57	9	amount	amount	NOUN
ajfa-16655	57	10	of	of	ADP
ajfa-16655	57	11	what	what	PRON
ajfa-16655	57	12	is	be	AUX
ajfa-16655	57	13	generated	generate	VERB
ajfa-16655	57	14	by	by	ADP
ajfa-16655	57	15	the	the	DET
ajfa-16655	57	16	organization	organization	NOUN
ajfa-16655	57	17	's	's	PART
ajfa-16655	57	18	three	three	NUM
ajfa-16655	57	19	main	main	ADJ
ajfa-16655	57	20	elements	element	NOUN
ajfa-16655	57	21	(	(	PUNCT
ajfa-16655	57	22	human	human	ADJ
ajfa-16655	57	23	capital	capital	NOUN
ajfa-16655	57	24	,	,	PUNCT
ajfa-16655	57	25	structural	structural	ADJ
ajfa-16655	57	26	capital	capital	NOUN
ajfa-16655	57	27	,	,	PUNCT
ajfa-16655	57	28	and	and	CCONJ
ajfa-16655	57	29	customer	customer	NOUN
ajfa-16655	57	30	capital	capital	NOUN
ajfa-16655	57	31	)	)	PUNCT
ajfa-16655	57	32	related	relate	VERB
ajfa-16655	57	33	to	to	ADP
ajfa-16655	57	34	information	information	NOUN
ajfa-16655	57	35	and	and	CCONJ
ajfa-16655	57	36	technology	technology	NOUN
ajfa-16655	57	37	which	which	PRON
ajfa-16655	57	38	can	can	AUX
ajfa-16655	57	39	provide	provide	VERB
ajfa-16655	57	40	a	a	DET
ajfa-16655	57	41	competitive	competitive	ADJ
ajfa-16655	57	42	form	form	NOUN
ajfa-16655	57	43	of	of	ADP
ajfa-16655	57	44	organization	organization	NOUN
ajfa-16655	57	45	with	with	ADP
ajfa-16655	57	46	more	more	ADJ
ajfa-16655	57	47	value	value	NOUN
ajfa-16655	57	48	for	for	ADP
ajfa-16655	57	49	the	the	DET
ajfa-16655	57	50	client	client	NOUN
ajfa-16655	57	51	.	.	PUNCT
ajfa-16655	58	1	roos	roo	NOUN
ajfa-16655	58	2	et	et	PROPN
ajfa-16655	58	3	al	al	PROPN
ajfa-16655	58	4	.	.	PROPN
ajfa-16655	59	1	(	(	PUNCT
ajfa-16655	59	2	1997	1997	NUM
ajfa-16655	59	3	)	)	PUNCT
ajfa-16655	59	4	revealed	reveal	VERB
ajfa-16655	59	5	that	that	SCONJ
ajfa-16655	59	6	these	these	DET
ajfa-16655	59	7	companies	company	NOUN
ajfa-16655	59	8	'	'	PART
ajfa-16655	59	9	market	market	NOUN
ajfa-16655	59	10	value	value	NOUN
ajfa-16655	59	11	is	be	AUX
ajfa-16655	59	12	several	several	ADJ
ajfa-16655	59	13	times	time	NOUN
ajfa-16655	59	14	their	their	PRON
ajfa-16655	59	15	net	net	ADJ
ajfa-16655	59	16	asset	asset	NOUN
ajfa-16655	59	17	value	value	NOUN
ajfa-16655	59	18	which	which	PRON
ajfa-16655	59	19	is	be	AUX
ajfa-16655	59	20	the	the	DET
ajfa-16655	59	21	value	value	NOUN
ajfa-16655	59	22	of	of	ADP
ajfa-16655	59	23	their	their	PRON
ajfa-16655	59	24	tangible	tangible	ADJ
ajfa-16655	59	25	value	value	NOUN
ajfa-16655	59	26	.	.	PUNCT
ajfa-16655	60	1	the	the	DET
ajfa-16655	60	2	difference	difference	NOUN
ajfa-16655	60	3	between	between	ADP
ajfa-16655	60	4	the	the	DET
ajfa-16655	60	5	two	two	NUM
ajfa-16655	60	6	values	value	NOUN
ajfa-16655	60	7	is	be	AUX
ajfa-16655	60	8	the	the	DET
ajfa-16655	60	9	"	"	PUNCT
ajfa-16655	60	10	secret	secret	ADJ
ajfa-16655	60	11	value	value	NOUN
ajfa-16655	60	12	"	"	PUNCT
ajfa-16655	60	13	of	of	ADP
ajfa-16655	60	14	the	the	DET
ajfa-16655	60	15	product	product	NOUN
ajfa-16655	60	16	,	,	PUNCT
ajfa-16655	60	17	which	which	PRON
ajfa-16655	60	18	can	can	AUX
ajfa-16655	60	19	be	be	AUX
ajfa-16655	60	20	expressed	express	VERB
ajfa-16655	60	21	as	as	ADP
ajfa-16655	60	22	a	a	DET
ajfa-16655	60	23	market	market	NOUN
ajfa-16655	60	24	value	value	NOUN
ajfa-16655	60	25	percentage	percentage	NOUN
ajfa-16655	60	26	.	.	PUNCT
ajfa-16655	61	1	on	on	ADP
ajfa-16655	61	2	the	the	DET
ajfa-16655	61	3	basis	basis	NOUN
ajfa-16655	61	4	of	of	ADP
ajfa-16655	61	5	these	these	DET
ajfa-16655	61	6	statements	statement	NOUN
ajfa-16655	61	7	it	it	PRON
ajfa-16655	61	8	can	can	AUX
ajfa-16655	61	9	be	be	AUX
ajfa-16655	61	10	inferred	infer	VERB
ajfa-16655	61	11	that	that	SCONJ
ajfa-16655	61	12	intellectual	intellectual	ADJ
ajfa-16655	61	13	capital	capital	NOUN
ajfa-16655	61	14	is	be	AUX
ajfa-16655	61	15	the	the	DET
ajfa-16655	61	16	key	key	ADJ
ajfa-16655	61	17	factors	factor	NOUN
ajfa-16655	61	18	which	which	PRON
ajfa-16655	61	19	can	can	AUX
ajfa-16655	61	20	increase	increase	VERB
ajfa-16655	61	21	the	the	DET
ajfa-16655	61	22	market	market	NOUN
ajfa-16655	61	23	value	value	NOUN
ajfa-16655	61	24	and	and	CCONJ
ajfa-16655	61	25	therefore	therefore	ADV
ajfa-16655	61	26	the	the	DET
ajfa-16655	61	27	profitability	profitability	NOUN
ajfa-16655	61	28	of	of	ADP
ajfa-16655	61	29	a	a	DET
ajfa-16655	61	30	business	business	NOUN
ajfa-16655	61	31	r&d	r&d	NOUN
ajfa-16655	61	32	investment	investment	NOUN
ajfa-16655	61	33	occupies	occupy	VERB
ajfa-16655	61	34	an	an	DET
ajfa-16655	61	35	significant	significant	ADJ
ajfa-16655	61	36	role	role	NOUN
ajfa-16655	61	37	in	in	ADP
ajfa-16655	61	38	terms	term	NOUN
ajfa-16655	61	39	of	of	ADP
ajfa-16655	61	40	intangible	intangible	ADJ
ajfa-16655	61	41	asset	asset	NOUN
ajfa-16655	61	42	efficiency	efficiency	NOUN
ajfa-16655	61	43	,	,	PUNCT
ajfa-16655	61	44	value	value	NOUN
ajfa-16655	61	45	,	,	PUNCT
ajfa-16655	61	46	and	and	CCONJ
ajfa-16655	61	47	risk	risk	NOUN
ajfa-16655	61	48	.	.	PUNCT
ajfa-16655	62	1	r&d	r&d	NOUN
ajfa-16655	62	2	investments	investment	NOUN
ajfa-16655	62	3	also	also	ADV
ajfa-16655	62	4	influence	influence	VERB
ajfa-16655	62	5	the	the	DET
ajfa-16655	62	6	market	market	NOUN
ajfa-16655	62	7	value	value	NOUN
ajfa-16655	62	8	of	of	ADP
ajfa-16655	62	9	the	the	DET
ajfa-16655	62	10	company	company	NOUN
ajfa-16655	62	11	which	which	PRON
ajfa-16655	62	12	is	be	AUX
ajfa-16655	62	13	expressed	express	VERB
ajfa-16655	62	14	in	in	ADP
ajfa-16655	62	15	sales	sale	NOUN
ajfa-16655	62	16	and	and	CCONJ
ajfa-16655	62	17	return	return	NOUN
ajfa-16655	62	18	(	(	PUNCT
ajfa-16655	62	19	sougiannis	sougiannis	NOUN
ajfa-16655	62	20	,	,	PUNCT
ajfa-16655	62	21	1994	1994	NUM
ajfa-16655	62	22	)	)	PUNCT
ajfa-16655	62	23	.	.	PUNCT
ajfa-16655	63	1	under	under	ADP
ajfa-16655	63	2	ias	ias	PROPN
ajfa-16655	63	3	38	38	NUM
ajfa-16655	63	4	,	,	PUNCT
ajfa-16655	63	5	spending	spend	VERB
ajfa-16655	63	6	on	on	ADP
ajfa-16655	63	7	research	research	NOUN
ajfa-16655	63	8	and	and	CCONJ
ajfa-16655	63	9	development	development	NOUN
ajfa-16655	63	10	may	may	AUX
ajfa-16655	63	11	be	be	AUX
ajfa-16655	63	12	counted	count	VERB
ajfa-16655	63	13	as	as	ADP
ajfa-16655	63	14	investment	investment	NOUN
ajfa-16655	63	15	or	or	CCONJ
ajfa-16655	63	16	assets	asset	NOUN
ajfa-16655	63	17	.	.	PUNCT
ajfa-16655	64	1	the	the	DET
ajfa-16655	64	2	option	option	NOUN
ajfa-16655	64	3	will	will	AUX
ajfa-16655	64	4	have	have	VERB
ajfa-16655	64	5	an	an	DET
ajfa-16655	64	6	effect	effect	NOUN
ajfa-16655	64	7	on	on	ADP
ajfa-16655	64	8	financial	financial	ADJ
ajfa-16655	64	9	results	result	NOUN
ajfa-16655	64	10	.	.	PUNCT
ajfa-16655	65	1	intangible	intangible	ADJ
ajfa-16655	65	2	assets	asset	NOUN
ajfa-16655	65	3	have	have	VERB
ajfa-16655	65	4	5	5	NUM
ajfa-16655	65	5	unique	unique	ADJ
ajfa-16655	65	6	characteristics	characteristic	NOUN
ajfa-16655	65	7	according	accord	VERB
ajfa-16655	65	8	to	to	ADP
ajfa-16655	65	9	holmstrom	holmstrom	PROPN
ajfa-16655	65	10	(	(	PUNCT
ajfa-16655	65	11	1989	1989	NUM
ajfa-16655	65	12	):	):	PUNCT
ajfa-16655	65	13	1	1	NUM
ajfa-16655	65	14	.	.	X
ajfa-16655	65	15	long	long	ADJ
ajfa-16655	65	16	-	-	PUNCT
ajfa-16655	65	17	run	run	VERB
ajfa-16655	65	18	,	,	PUNCT
ajfa-16655	65	19	2	2	X
ajfa-16655	65	20	.	.	PUNCT
ajfa-16655	65	21	unable	unable	ADJ
ajfa-16655	65	22	to	to	PART
ajfa-16655	65	23	predict	predict	VERB
ajfa-16655	65	24	the	the	DET
ajfa-16655	65	25	outcome	outcome	NOUN
ajfa-16655	65	26	,	,	PUNCT
ajfa-16655	65	27	3	3	X
ajfa-16655	65	28	.	.	X
ajfa-16655	65	29	strong	strong	ADJ
ajfa-16655	65	30	bankruptcy	bankruptcy	NOUN
ajfa-16655	65	31	risk	risk	NOUN
ajfa-16655	65	32	,	,	PUNCT
ajfa-16655	65	33	n.	n.	NOUN
ajfa-16655	65	34	4	4	NUM
ajfa-16655	65	35	.	.	PUNCT
ajfa-16655	65	36	intense	intense	ADJ
ajfa-16655	65	37	labour	labour	NOUN
ajfa-16655	65	38	,	,	PUNCT
ajfa-16655	65	39	5	5	NUM
ajfa-16655	65	40	.	.	PUNCT
ajfa-16655	65	41	local	local	ADJ
ajfa-16655	65	42	.	.	PUNCT
ajfa-16655	66	1	such	such	ADJ
ajfa-16655	66	2	specific	specific	ADJ
ajfa-16655	66	3	features	feature	NOUN
ajfa-16655	66	4	impact	impact	VERB
ajfa-16655	66	5	financial	financial	ADJ
ajfa-16655	66	6	policies	policy	NOUN
ajfa-16655	66	7	within	within	ADP
ajfa-16655	66	8	the	the	DET
ajfa-16655	66	9	company	company	NOUN
ajfa-16655	66	10	.	.	PUNCT
ajfa-16655	67	1	investment	investment	NOUN
ajfa-16655	67	2	in	in	ADP
ajfa-16655	67	3	intangible	intangible	ADJ
ajfa-16655	67	4	assets	asset	NOUN
ajfa-16655	67	5	influences	influence	VERB
ajfa-16655	67	6	the	the	DET
ajfa-16655	67	7	budget	budget	NOUN
ajfa-16655	67	8	and	and	CCONJ
ajfa-16655	67	9	dividend	dividend	NOUN
ajfa-16655	67	10	policy	policy	NOUN
ajfa-16655	67	11	of	of	ADP
ajfa-16655	67	12	the	the	DET
ajfa-16655	67	13	company	company	NOUN
ajfa-16655	67	14	's	's	PART
ajfa-16655	67	15	debt	debt	NOUN
ajfa-16655	67	16	.	.	PUNCT
ajfa-16655	68	1	theory	theory	NOUN
ajfa-16655	68	2	of	of	ADP
ajfa-16655	68	3	agencies	agency	NOUN
ajfa-16655	68	4	(	(	PUNCT
ajfa-16655	68	5	jensen	jensen	PROPN
ajfa-16655	68	6	and	and	CCONJ
ajfa-16655	68	7	meckling	meckling	NOUN
ajfa-16655	68	8	,	,	PUNCT
ajfa-16655	68	9	1976	1976	NUM
ajfa-16655	68	10	)	)	PUNCT
ajfa-16655	68	11	argues	argue	VERB
ajfa-16655	68	12	that	that	SCONJ
ajfa-16655	68	13	company	company	NOUN
ajfa-16655	68	14	expenses	expense	NOUN
ajfa-16655	68	15	are	be	AUX
ajfa-16655	68	16	dictated	dictate	VERB
ajfa-16655	68	17	by	by	ADP
ajfa-16655	68	18	monetary	monetary	ADJ
ajfa-16655	68	19	policy	policy	NOUN
ajfa-16655	68	20	.	.	PUNCT
ajfa-16655	69	1	the	the	DET
ajfa-16655	69	2	expense	expense	NOUN
ajfa-16655	69	3	of	of	ADP
ajfa-16655	69	4	the	the	DET
ajfa-16655	69	5	business	business	NOUN
ajfa-16655	69	6	is	be	AUX
ajfa-16655	69	7	projected	project	VERB
ajfa-16655	69	8	to	to	PART
ajfa-16655	69	9	be	be	AUX
ajfa-16655	69	10	higher	high	ADJ
ajfa-16655	69	11	in	in	ADP
ajfa-16655	69	12	businesses	business	NOUN
ajfa-16655	69	13	with	with	ADP
ajfa-16655	69	14	concentrated	concentrated	ADJ
ajfa-16655	69	15	intangible	intangible	ADJ
ajfa-16655	69	16	assets	asset	NOUN
ajfa-16655	69	17	,	,	PUNCT
ajfa-16655	69	18	based	base	VERB
ajfa-16655	69	19	on	on	ADP
ajfa-16655	69	20	the	the	DET
ajfa-16655	69	21	particular	particular	ADJ
ajfa-16655	69	22	characteristics	characteristic	NOUN
ajfa-16655	69	23	of	of	ADP
ajfa-16655	69	24	intangible	intangible	ADJ
ajfa-16655	69	25	assets	asset	NOUN
ajfa-16655	69	26	.	.	PUNCT
ajfa-16655	70	1	intangible	intangible	ADJ
ajfa-16655	70	2	assets	asset	NOUN
ajfa-16655	70	3	will	will	AUX
ajfa-16655	70	4	raise	raise	VERB
ajfa-16655	70	5	the	the	DET
ajfa-16655	70	6	cost	cost	NOUN
ajfa-16655	70	7	of	of	ADP
ajfa-16655	70	8	the	the	DET
ajfa-16655	70	9	agency	agency	NOUN
ajfa-16655	70	10	to	to	ADP
ajfa-16655	70	11	shareholders	shareholder	NOUN
ajfa-16655	70	12	(	(	PUNCT
ajfa-16655	70	13	due	due	ADP
ajfa-16655	70	14	to	to	ADP
ajfa-16655	70	15	more	more	ADJ
ajfa-16655	70	16	details	detail	NOUN
ajfa-16655	70	17	and	and	CCONJ
ajfa-16655	70	18	secret	secret	ADJ
ajfa-16655	70	19	action	action	NOUN
ajfa-16655	70	20	)	)	PUNCT
ajfa-16655	70	21	,	,	PUNCT
ajfa-16655	70	22	as	as	ADV
ajfa-16655	70	23	well	well	ADV
ajfa-16655	70	24	as	as	ADP
ajfa-16655	70	25	the	the	DET
ajfa-16655	70	26	cost	cost	NOUN
ajfa-16655	70	27	of	of	ADP
ajfa-16655	70	28	the	the	DET
ajfa-16655	70	29	debtor	debtor	NOUN
ajfa-16655	70	30	agency	agency	NOUN
ajfa-16655	70	31	(	(	PUNCT
ajfa-16655	70	32	asset	asset	NOUN
ajfa-16655	70	33	replacement	replacement	NOUN
ajfa-16655	70	34	and	and	CCONJ
ajfa-16655	70	35	underinvestment	underinvestment	ADJ
ajfa-16655	70	36	problem	problem	NOUN
ajfa-16655	70	37	)	)	PUNCT
ajfa-16655	70	38	.	.	PUNCT
ajfa-16655	71	1	thus	thus	ADV
ajfa-16655	71	2	,	,	PUNCT
ajfa-16655	71	3	investment	investment	NOUN
ajfa-16655	71	4	in	in	ADP
ajfa-16655	71	5	intangible	intangible	ADJ
ajfa-16655	71	6	assets	asset	NOUN
ajfa-16655	71	7	will	will	AUX
ajfa-16655	71	8	affect	affect	VERB
ajfa-16655	71	9	the	the	DET
ajfa-16655	71	10	company	company	NOUN
ajfa-16655	71	11	's	's	PART
ajfa-16655	71	12	financial	financial	ADJ
ajfa-16655	71	13	policy	policy	NOUN
ajfa-16655	71	14	.	.	PUNCT
ajfa-16655	72	1	previous	previous	ADJ
ajfa-16655	72	2	studies	study	NOUN
ajfa-16655	72	3	have	have	AUX
ajfa-16655	72	4	been	be	AUX
ajfa-16655	72	5	conducted	conduct	VERB
ajfa-16655	72	6	to	to	PART
ajfa-16655	72	7	prove	prove	VERB
ajfa-16655	72	8	the	the	DET
ajfa-16655	72	9	influence	influence	NOUN
ajfa-16655	72	10	of	of	ADP
ajfa-16655	72	11	company	company	NOUN
ajfa-16655	72	12	’s	’s	PART
ajfa-16655	72	13	financial	financial	ADJ
ajfa-16655	72	14	performance	performance	NOUN
ajfa-16655	72	15	to	to	ADP
ajfa-16655	72	16	stock	stock	NOUN
ajfa-16655	72	17	return	return	NOUN
ajfa-16655	72	18	.	.	PUNCT
ajfa-16655	73	1	it	it	PRON
ajfa-16655	73	2	has	have	AUX
ajfa-16655	73	3	been	be	AUX
ajfa-16655	73	4	shown	show	VERB
ajfa-16655	73	5	that	that	SCONJ
ajfa-16655	73	6	the	the	DET
ajfa-16655	73	7	ratios	ratio	NOUN
ajfa-16655	73	8	extracted	extract	VERB
ajfa-16655	73	9	from	from	ADP
ajfa-16655	73	10	the	the	DET
ajfa-16655	73	11	financial	financial	ADJ
ajfa-16655	73	12	statements	statement	NOUN
ajfa-16655	73	13	have	have	VERB
ajfa-16655	73	14	a	a	DET
ajfa-16655	73	15	strong	strong	ADJ
ajfa-16655	73	16	relationship	relationship	NOUN
ajfa-16655	73	17	with	with	ADP
ajfa-16655	73	18	the	the	DET
ajfa-16655	73	19	stock	stock	NOUN
ajfa-16655	73	20	market	market	NOUN
ajfa-16655	73	21	metrics	metric	NOUN
ajfa-16655	73	22	,	,	PUNCT
ajfa-16655	73	23	which	which	PRON
ajfa-16655	73	24	indicates	indicate	VERB
ajfa-16655	73	25	that	that	SCONJ
ajfa-16655	73	26	the	the	DET
ajfa-16655	73	27	financial	financial	ADJ
ajfa-16655	73	28	statements	statement	NOUN
ajfa-16655	73	29	are	be	AUX
ajfa-16655	73	30	also	also	ADV
ajfa-16655	73	31	useful	useful	ADJ
ajfa-16655	73	32	to	to	ADP
ajfa-16655	73	33	investors	investor	NOUN
ajfa-16655	73	34	in	in	ADP
ajfa-16655	73	35	decision	decision	NOUN
ajfa-16655	73	36	making	making	NOUN
ajfa-16655	73	37	and	and	CCONJ
ajfa-16655	73	38	may	may	AUX
ajfa-16655	73	39	clarify	clarify	VERB
ajfa-16655	73	40	the	the	DET
ajfa-16655	73	41	value	value	NOUN
ajfa-16655	73	42	asian	asian	ADJ
ajfa-16655	73	43	journal	journal	NOUN
ajfa-16655	73	44	of	of	ADP
ajfa-16655	73	45	finance	finance	PROPN
ajfa-16655	73	46	&	&	CCONJ
ajfa-16655	73	47	accounting	accounting	PROPN
ajfa-16655	73	48	issn	issn	PROPN
ajfa-16655	73	49	1946	1946	NUM
ajfa-16655	73	50	-	-	PUNCT
ajfa-16655	73	51	052x	052x	NOUN
ajfa-16655	73	52	2020	2020	NUM
ajfa-16655	73	53	,	,	PUNCT
ajfa-16655	73	54	vol	vol	NOUN
ajfa-16655	73	55	.	.	PROPN
ajfa-16655	73	56	12	12	NUM
ajfa-16655	73	57	,	,	PUNCT
ajfa-16655	73	58	no	no	INTJ
ajfa-16655	73	59	.	.	NOUN
ajfa-16655	73	60	1	1	NUM
ajfa-16655	73	61	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	73	62	31	31	NUM
ajfa-16655	73	63	of	of	ADP
ajfa-16655	73	64	the	the	DET
ajfa-16655	73	65	stock	stock	NOUN
ajfa-16655	73	66	market	market	NOUN
ajfa-16655	73	67	.	.	PUNCT
ajfa-16655	74	1	several	several	ADJ
ajfa-16655	74	2	other	other	ADJ
ajfa-16655	74	3	studies	study	NOUN
ajfa-16655	74	4	found	find	VERB
ajfa-16655	74	5	that	that	SCONJ
ajfa-16655	74	6	the	the	DET
ajfa-16655	74	7	structure	structure	NOUN
ajfa-16655	74	8	of	of	ADP
ajfa-16655	74	9	financial	financial	ADJ
ajfa-16655	74	10	risks	risk	NOUN
ajfa-16655	74	11	and	and	CCONJ
ajfa-16655	74	12	smoothing	smooth	VERB
ajfa-16655	74	13	earnings	earning	NOUN
ajfa-16655	74	14	has	have	AUX
ajfa-16655	74	15	worked	work	VERB
ajfa-16655	74	16	at	at	ADP
ajfa-16655	74	17	firm	firm	ADJ
ajfa-16655	74	18	value	value	NOUN
ajfa-16655	74	19	.	.	PUNCT
ajfa-16655	75	1	investment	investment	NOUN
ajfa-16655	75	2	opportunity	opportunity	NOUN
ajfa-16655	75	3	set	set	NOUN
ajfa-16655	75	4	and	and	CCONJ
ajfa-16655	75	5	the	the	DET
ajfa-16655	75	6	leverage	leverage	NOUN
ajfa-16655	75	7	effect	effect	NOUN
ajfa-16655	75	8	on	on	ADP
ajfa-16655	75	9	firm	firm	ADJ
ajfa-16655	75	10	value	value	NOUN
ajfa-16655	75	11	.	.	PUNCT
ajfa-16655	76	1	these	these	DET
ajfa-16655	76	2	results	result	NOUN
ajfa-16655	76	3	are	be	AUX
ajfa-16655	76	4	consistent	consistent	ADJ
ajfa-16655	76	5	with	with	ADP
ajfa-16655	76	6	modigliani	modigliani	ADJ
ajfa-16655	76	7	and	and	CCONJ
ajfa-16655	76	8	miller	miller	PROPN
ajfa-16655	76	9	's	's	PART
ajfa-16655	76	10	opinion	opinion	NOUN
ajfa-16655	76	11	that	that	SCONJ
ajfa-16655	76	12	the	the	DET
ajfa-16655	76	13	enterprise	enterprise	NOUN
ajfa-16655	76	14	value	value	NOUN
ajfa-16655	76	15	is	be	AUX
ajfa-16655	76	16	determined	determine	VERB
ajfa-16655	76	17	by	by	ADP
ajfa-16655	76	18	the	the	DET
ajfa-16655	76	19	earnings	earning	NOUN
ajfa-16655	76	20	power	power	NOUN
ajfa-16655	76	21	of	of	ADP
ajfa-16655	76	22	the	the	DET
ajfa-16655	76	23	company	company	NOUN
ajfa-16655	76	24	's	's	PART
ajfa-16655	76	25	assets	asset	NOUN
ajfa-16655	76	26	.	.	PUNCT
ajfa-16655	77	1	so	so	ADV
ajfa-16655	77	2	roa	roa	PROPN
ajfa-16655	77	3	is	be	AUX
ajfa-16655	77	4	one	one	NUM
ajfa-16655	77	5	of	of	ADP
ajfa-16655	77	6	the	the	DET
ajfa-16655	77	7	factors	factor	NOUN
ajfa-16655	77	8	that	that	PRON
ajfa-16655	77	9	affect	affect	VERB
ajfa-16655	77	10	firm	firm	ADJ
ajfa-16655	77	11	value	value	NOUN
ajfa-16655	77	12	.	.	PUNCT
ajfa-16655	78	1	the	the	DET
ajfa-16655	78	2	same	same	ADJ
ajfa-16655	78	3	results	result	NOUN
ajfa-16655	78	4	on	on	ADP
ajfa-16655	78	5	the	the	DET
ajfa-16655	78	6	research	research	NOUN
ajfa-16655	78	7	by	by	ADP
ajfa-16655	78	8	carlson	carlson	PROPN
ajfa-16655	78	9	and	and	CCONJ
ajfa-16655	78	10	bathala	bathala	PROPN
ajfa-16655	78	11	(	(	PUNCT
ajfa-16655	78	12	1997	1997	NUM
ajfa-16655	78	13	)	)	PUNCT
ajfa-16655	78	14	.	.	PUNCT
ajfa-16655	79	1	according	accord	VERB
ajfa-16655	79	2	to	to	ADP
ajfa-16655	79	3	the	the	DET
ajfa-16655	79	4	wall	wall	PROPN
ajfa-16655	79	5	street	street	PROPN
ajfa-16655	79	6	journal	journal	PROPN
ajfa-16655	79	7	,	,	PUNCT
ajfa-16655	79	8	the	the	DET
ajfa-16655	79	9	rate	rate	NOUN
ajfa-16655	79	10	of	of	ADP
ajfa-16655	79	11	intangible	intangible	ADJ
ajfa-16655	79	12	investment	investment	NOUN
ajfa-16655	79	13	as	as	ADP
ajfa-16655	79	14	a	a	DET
ajfa-16655	79	15	percentage	percentage	NOUN
ajfa-16655	79	16	of	of	ADP
ajfa-16655	79	17	private	private	ADJ
ajfa-16655	79	18	-	-	PUNCT
ajfa-16655	79	19	sector	sector	NOUN
ajfa-16655	79	20	gross	gross	ADJ
ajfa-16655	79	21	domestic	domestic	ADJ
ajfa-16655	79	22	product	product	NOUN
ajfa-16655	79	23	(	(	PUNCT
ajfa-16655	79	24	gdp	gdp	NOUN
ajfa-16655	79	25	)	)	PUNCT
ajfa-16655	79	26	overtook	overtake	VERB
ajfa-16655	79	27	tangible	tangible	ADJ
ajfa-16655	79	28	investment	investment	NOUN
ajfa-16655	79	29	in	in	ADP
ajfa-16655	79	30	the	the	DET
ajfa-16655	79	31	mid-1990s	mid-1990	NOUN
ajfa-16655	79	32	.	.	PUNCT
ajfa-16655	80	1	intangible	intangible	ADJ
ajfa-16655	80	2	assets	asset	NOUN
ajfa-16655	80	3	in	in	ADP
ajfa-16655	80	4	term	term	NOUN
ajfa-16655	80	5	of	of	ADP
ajfa-16655	80	6	improvement	improvement	NOUN
ajfa-16655	80	7	firm	firm	ADJ
ajfa-16655	80	8	performance	performance	NOUN
ajfa-16655	80	9	,	,	PUNCT
ajfa-16655	80	10	impact	impact	NOUN
ajfa-16655	80	11	on	on	ADP
ajfa-16655	80	12	firm	firm	ADJ
ajfa-16655	80	13	value	value	NOUN
ajfa-16655	80	14	&	&	CCONJ
ajfa-16655	80	15	policies	policy	NOUN
ajfa-16655	80	16	covered	cover	VERB
ajfa-16655	80	17	rarely	rarely	ADV
ajfa-16655	80	18	in	in	ADP
ajfa-16655	80	19	previous	previous	ADJ
ajfa-16655	80	20	literates	literate	NOUN
ajfa-16655	80	21	,	,	PUNCT
ajfa-16655	80	22	some	some	DET
ajfa-16655	80	23	paper	paper	NOUN
ajfa-16655	80	24	cover	cover	VERB
ajfa-16655	80	25	some	some	DET
ajfa-16655	80	26	aspects	aspect	NOUN
ajfa-16655	80	27	of	of	ADP
ajfa-16655	80	28	intangible	intangible	ADJ
ajfa-16655	80	29	assets	asset	NOUN
ajfa-16655	80	30	(	(	PUNCT
ajfa-16655	80	31	rindu	rindu	NOUN
ajfa-16655	80	32	rika	rika	PROPN
ajfa-16655	80	33	gamayun	gamayun	PROPN
ajfa-16655	80	34	,	,	PUNCT
ajfa-16655	80	35	2015	2015	NUM
ajfa-16655	80	36	)	)	PUNCT
ajfa-16655	80	37	;	;	PUNCT
ajfa-16655	80	38	(	(	PUNCT
ajfa-16655	80	39	vladimir	vladimir	PROPN
ajfa-16655	80	40	dženopoljac	dženopoljac	PROPN
ajfa-16655	80	41	stevo	stevo	PROPN
ajfa-16655	80	42	janoševic	janoševic	PROPN
ajfa-16655	80	43	nick	nick	PROPN
ajfa-16655	80	44	bontis	bontis	PROPN
ajfa-16655	80	45	2016	2016	NUM
ajfa-16655	80	46	)	)	PUNCT
ajfa-16655	80	47	.	.	PUNCT
ajfa-16655	81	1	but	but	CCONJ
ajfa-16655	81	2	that	that	PRON
ajfa-16655	81	3	is	be	AUX
ajfa-16655	81	4	also	also	ADV
ajfa-16655	81	5	in	in	ADP
ajfa-16655	81	6	the	the	DET
ajfa-16655	81	7	context	context	NOUN
ajfa-16655	81	8	of	of	ADP
ajfa-16655	81	9	certain	certain	ADJ
ajfa-16655	81	10	countries	country	NOUN
ajfa-16655	81	11	not	not	PART
ajfa-16655	81	12	cross	cross	ADJ
ajfa-16655	81	13	-	-	ADJ
ajfa-16655	81	14	sectional	sectional	ADJ
ajfa-16655	81	15	for	for	ADP
ajfa-16655	81	16	the	the	DET
ajfa-16655	81	17	majority	majority	NOUN
ajfa-16655	81	18	of	of	ADP
ajfa-16655	81	19	countries	country	NOUN
ajfa-16655	81	20	.	.	PUNCT
ajfa-16655	82	1	some	some	DET
ajfa-16655	82	2	other	other	ADJ
ajfa-16655	82	3	investigated	investigate	VERB
ajfa-16655	82	4	in	in	ADP
ajfa-16655	82	5	majority	majority	NOUN
ajfa-16655	82	6	about	about	ADP
ajfa-16655	82	7	intangible	intangible	ADJ
ajfa-16655	82	8	assets	asset	NOUN
ajfa-16655	82	9	,	,	PUNCT
ajfa-16655	82	10	as	as	SCONJ
ajfa-16655	82	11	studied	study	VERB
ajfa-16655	82	12	in	in	ADP
ajfa-16655	82	13	different	different	ADJ
ajfa-16655	82	14	papers	paper	NOUN
ajfa-16655	82	15	(	(	PUNCT
ajfa-16655	82	16	melsa	melsa	VERB
ajfa-16655	82	17	et	et	PROPN
ajfa-16655	82	18	al	al	PROPN
ajfa-16655	82	19	,	,	PUNCT
ajfa-16655	82	20	2015	2015	NUM
ajfa-16655	82	21	)	)	PUNCT
ajfa-16655	82	22	;	;	PUNCT
ajfa-16655	82	23	(	(	PUNCT
ajfa-16655	82	24	onipe	onipe	NOUN
ajfa-16655	82	25	a.	a.	NOUN
ajfa-16655	82	26	yahya	yahya	PROPN
ajfa-16655	82	27	et	et	PROPN
ajfa-16655	82	28	al,2015	al,2015	PROPN
ajfa-16655	82	29	)	)	PUNCT
ajfa-16655	82	30	;	;	PUNCT
ajfa-16655	82	31	(	(	PUNCT
ajfa-16655	82	32	lihard	lihard	NOUN
ajfa-16655	82	33	stevanus	stevanus	NOUN
ajfa-16655	82	34	et	et	NOUN
ajfa-16655	82	35	al	al	PROPN
ajfa-16655	82	36	2017	2017	NUM
ajfa-16655	82	37	)	)	PUNCT
ajfa-16655	82	38	;	;	PUNCT
ajfa-16655	82	39	(	(	PUNCT
ajfa-16655	82	40	rufo	rufo	NOUN
ajfa-16655	82	41	r	r	PROPN
ajfa-16655	82	42	mendoza	mendoza	PROPN
ajfa-16655	82	43	2017);(zeb	2017);(zeb	NUM
ajfa-16655	82	44	,	,	PUNCT
ajfa-16655	82	45	s.	s.	PROPN
ajfa-16655	82	46	&	&	CCONJ
ajfa-16655	82	47	rashid	rashid	PROPN
ajfa-16655	82	48	a	a	DET
ajfa-16655	82	49	2016	2016	NUM
ajfa-16655	82	50	)	)	PUNCT
ajfa-16655	82	51	;	;	PUNCT
ajfa-16655	82	52	(	(	PUNCT
ajfa-16655	82	53	lim	lim	PROPN
ajfa-16655	82	54	s.c	s.c	PROPN
ajfa-16655	82	55	macias	macias	PROPN
ajfa-16655	82	56	et	et	PROPN
ajfa-16655	82	57	al	al	PROPN
ajfa-16655	82	58	2018	2018	NUM
ajfa-16655	82	59	)	)	PUNCT
ajfa-16655	82	60	.	.	PUNCT
ajfa-16655	83	1	previously	previously	ADV
ajfa-16655	83	2	studies	study	NOUN
ajfa-16655	83	3	were	be	AUX
ajfa-16655	83	4	conducting	conduct	VERB
ajfa-16655	83	5	examining	examine	VERB
ajfa-16655	83	6	intangible	intangible	ADJ
ajfa-16655	83	7	assets	asset	NOUN
ajfa-16655	83	8	of	of	ADP
ajfa-16655	83	9	a	a	DET
ajfa-16655	83	10	particular	particular	ADJ
ajfa-16655	83	11	country	country	NOUN
ajfa-16655	83	12	or	or	CCONJ
ajfa-16655	83	13	market	market	NOUN
ajfa-16655	83	14	in	in	ADP
ajfa-16655	83	15	different	different	ADJ
ajfa-16655	83	16	sectors	sector	NOUN
ajfa-16655	83	17	.	.	PUNCT
ajfa-16655	84	1	1.3	1.3	NUM
ajfa-16655	84	2	research	research	NOUN
ajfa-16655	84	3	objective	objective	NOUN
ajfa-16655	84	4	we	we	PRON
ajfa-16655	84	5	have	have	AUX
ajfa-16655	84	6	studied	study	VERB
ajfa-16655	84	7	sectorial	sectorial	ADJ
ajfa-16655	84	8	analysis	analysis	NOUN
ajfa-16655	84	9	of	of	ADP
ajfa-16655	84	10	the	the	DET
ajfa-16655	84	11	manufacturing	manufacturing	NOUN
ajfa-16655	84	12	&	&	CCONJ
ajfa-16655	84	13	services	service	NOUN
ajfa-16655	84	14	sector	sector	NOUN
ajfa-16655	84	15	globally	globally	ADV
ajfa-16655	84	16	among	among	ADP
ajfa-16655	84	17	14	14	NUM
ajfa-16655	84	18	countries	country	NOUN
ajfa-16655	84	19	in	in	ADP
ajfa-16655	84	20	technological	technological	ADJ
ajfa-16655	84	21	sectors	sector	NOUN
ajfa-16655	84	22	from	from	ADP
ajfa-16655	84	23	2015	2015	NUM
ajfa-16655	84	24	to	to	ADP
ajfa-16655	84	25	2018	2018	NUM
ajfa-16655	84	26	because	because	SCONJ
ajfa-16655	84	27	of	of	ADP
ajfa-16655	84	28	the	the	DET
ajfa-16655	84	29	most	most	ADV
ajfa-16655	84	30	recent	recent	ADJ
ajfa-16655	84	31	data	datum	NOUN
ajfa-16655	84	32	availability	availability	NOUN
ajfa-16655	84	33	of	of	ADP
ajfa-16655	84	34	company	company	NOUN
ajfa-16655	84	35	’s	’s	PART
ajfa-16655	84	36	annual	annual	ADJ
ajfa-16655	84	37	reports	report	NOUN
ajfa-16655	84	38	,	,	PUNCT
ajfa-16655	84	39	where	where	SCONJ
ajfa-16655	84	40	most	most	ADJ
ajfa-16655	84	41	companies	company	NOUN
ajfa-16655	84	42	spend	spend	VERB
ajfa-16655	84	43	a	a	DET
ajfa-16655	84	44	large	large	ADJ
ajfa-16655	84	45	amount	amount	NOUN
ajfa-16655	84	46	of	of	ADP
ajfa-16655	84	47	investment	investment	NOUN
ajfa-16655	84	48	in	in	ADP
ajfa-16655	84	49	intangible	intangible	ADJ
ajfa-16655	84	50	assets	asset	NOUN
ajfa-16655	84	51	&	&	CCONJ
ajfa-16655	84	52	also	also	ADV
ajfa-16655	84	53	try	try	VERB
ajfa-16655	84	54	to	to	PART
ajfa-16655	84	55	compare	compare	VERB
ajfa-16655	84	56	different	different	ADJ
ajfa-16655	84	57	groups	group	NOUN
ajfa-16655	84	58	with	with	ADP
ajfa-16655	84	59	each	each	DET
ajfa-16655	84	60	other	other	ADJ
ajfa-16655	84	61	.	.	PUNCT
ajfa-16655	85	1	this	this	DET
ajfa-16655	85	2	study	study	NOUN
ajfa-16655	85	3	is	be	AUX
ajfa-16655	85	4	particularly	particularly	ADV
ajfa-16655	85	5	important	important	ADJ
ajfa-16655	85	6	because	because	SCONJ
ajfa-16655	85	7	intangible	intangible	ADJ
ajfa-16655	85	8	assets	asset	NOUN
ajfa-16655	85	9	ratio	ratio	NOUN
ajfa-16655	85	10	in	in	ADP
ajfa-16655	85	11	total	total	ADJ
ajfa-16655	85	12	assets	asset	NOUN
ajfa-16655	85	13	has	have	AUX
ajfa-16655	85	14	been	be	AUX
ajfa-16655	85	15	significantly	significantly	ADV
ajfa-16655	85	16	increased	increase	VERB
ajfa-16655	85	17	in	in	ADP
ajfa-16655	85	18	many	many	ADJ
ajfa-16655	85	19	countries	country	NOUN
ajfa-16655	85	20	.	.	PUNCT
ajfa-16655	86	1	we	we	PRON
ajfa-16655	86	2	tend	tend	VERB
ajfa-16655	86	3	to	to	PART
ajfa-16655	86	4	find	find	VERB
ajfa-16655	86	5	the	the	DET
ajfa-16655	86	6	impact	impact	NOUN
ajfa-16655	86	7	of	of	ADP
ajfa-16655	86	8	intangible	intangible	ADJ
ajfa-16655	86	9	assets	asset	NOUN
ajfa-16655	86	10	on	on	ADP
ajfa-16655	86	11	financial	financial	ADJ
ajfa-16655	86	12	performance	performance	NOUN
ajfa-16655	86	13	,	,	PUNCT
ajfa-16655	86	14	firm	firm	ADJ
ajfa-16655	86	15	policy	policy	NOUN
ajfa-16655	86	16	&	&	CCONJ
ajfa-16655	86	17	firm	firm	ADJ
ajfa-16655	86	18	value	value	NOUN
ajfa-16655	86	19	in	in	ADP
ajfa-16655	86	20	the	the	DET
ajfa-16655	86	21	global	global	ADJ
ajfa-16655	86	22	technology	technology	NOUN
ajfa-16655	86	23	sector	sector	NOUN
ajfa-16655	86	24	.	.	PUNCT
ajfa-16655	87	1	the	the	DET
ajfa-16655	87	2	current	current	ADJ
ajfa-16655	87	3	paper	paper	NOUN
ajfa-16655	87	4	covers	cover	VERB
ajfa-16655	87	5	how	how	SCONJ
ajfa-16655	87	6	intangibles	intangible	NOUN
ajfa-16655	87	7	impact	impact	NOUN
ajfa-16655	87	8	dependent	dependent	ADJ
ajfa-16655	87	9	variables	variable	NOUN
ajfa-16655	87	10	&	&	CCONJ
ajfa-16655	87	11	how	how	SCONJ
ajfa-16655	87	12	these	these	PRON
ajfa-16655	87	13	vary	vary	VERB
ajfa-16655	87	14	among	among	ADP
ajfa-16655	87	15	countries	country	NOUN
ajfa-16655	87	16	.	.	PUNCT
ajfa-16655	88	1	1.4	1.4	NUM
ajfa-16655	88	2	outline	outline	NOUN
ajfa-16655	88	3	of	of	ADP
ajfa-16655	88	4	the	the	DET
ajfa-16655	88	5	study	study	NOUN
ajfa-16655	88	6	we	we	PRON
ajfa-16655	88	7	review	review	VERB
ajfa-16655	88	8	in	in	ADP
ajfa-16655	88	9	all	all	DET
ajfa-16655	88	10	previous	previous	ADJ
ajfa-16655	88	11	papers	paper	NOUN
ajfa-16655	88	12	&	&	CCONJ
ajfa-16655	88	13	find	find	VERB
ajfa-16655	88	14	the	the	DET
ajfa-16655	88	15	gap	gap	NOUN
ajfa-16655	88	16	that	that	PRON
ajfa-16655	88	17	the	the	DET
ajfa-16655	88	18	intangible	intangible	NOUN
ajfa-16655	88	19	plays	play	VERB
ajfa-16655	88	20	a	a	DET
ajfa-16655	88	21	very	very	ADV
ajfa-16655	88	22	prominent	prominent	ADJ
ajfa-16655	88	23	role	role	NOUN
ajfa-16655	88	24	to	to	PART
ajfa-16655	88	25	drive	drive	VERB
ajfa-16655	88	26	the	the	DET
ajfa-16655	88	27	firm	firm	ADJ
ajfa-16655	88	28	performance	performance	NOUN
ajfa-16655	88	29	&	&	CCONJ
ajfa-16655	88	30	impact	impact	NOUN
ajfa-16655	88	31	on	on	ADP
ajfa-16655	88	32	the	the	DET
ajfa-16655	88	33	firm	firm	ADJ
ajfa-16655	88	34	value	value	NOUN
ajfa-16655	88	35	&	&	CCONJ
ajfa-16655	88	36	policies	policy	NOUN
ajfa-16655	88	37	.	.	PUNCT
ajfa-16655	89	1	we	we	PRON
ajfa-16655	89	2	design	design	VERB
ajfa-16655	89	3	our	our	PRON
ajfa-16655	89	4	methodology	methodology	NOUN
ajfa-16655	89	5	to	to	PART
ajfa-16655	89	6	test	test	VERB
ajfa-16655	89	7	the	the	DET
ajfa-16655	89	8	validity	validity	NOUN
ajfa-16655	89	9	of	of	ADP
ajfa-16655	89	10	intangible	intangible	ADJ
ajfa-16655	89	11	assets	asset	NOUN
ajfa-16655	89	12	globally	globally	ADV
ajfa-16655	89	13	by	by	ADP
ajfa-16655	89	14	sectorial	sectorial	ADJ
ajfa-16655	89	15	analysis	analysis	NOUN
ajfa-16655	89	16	of	of	ADP
ajfa-16655	89	17	each	each	DET
ajfa-16655	89	18	country	country	NOUN
ajfa-16655	89	19	&	&	CCONJ
ajfa-16655	89	20	its	its	PRON
ajfa-16655	89	21	influence	influence	NOUN
ajfa-16655	89	22	on	on	ADP
ajfa-16655	89	23	the	the	DET
ajfa-16655	89	24	financial	financial	ADJ
ajfa-16655	89	25	performance	performance	NOUN
ajfa-16655	89	26	of	of	ADP
ajfa-16655	89	27	companies	company	NOUN
ajfa-16655	89	28	.	.	PUNCT
ajfa-16655	90	1	we	we	PRON
ajfa-16655	90	2	collect	collect	VERB
ajfa-16655	90	3	data	datum	NOUN
ajfa-16655	90	4	on	on	ADP
ajfa-16655	90	5	financial	financial	ADJ
ajfa-16655	90	6	indicators	indicator	NOUN
ajfa-16655	90	7	of	of	ADP
ajfa-16655	90	8	14	14	NUM
ajfa-16655	90	9	countries	country	NOUN
ajfa-16655	90	10	from	from	ADP
ajfa-16655	90	11	financial	financial	ADJ
ajfa-16655	90	12	statement	statement	NOUN
ajfa-16655	90	13	of	of	ADP
ajfa-16655	90	14	80	80	NUM
ajfa-16655	90	15	companies	company	NOUN
ajfa-16655	90	16	in	in	ADP
ajfa-16655	90	17	technological	technological	ADJ
ajfa-16655	90	18	sector	sector	NOUN
ajfa-16655	90	19	.	.	PUNCT
ajfa-16655	91	1	we	we	PRON
ajfa-16655	91	2	rely	rely	VERB
ajfa-16655	91	3	on	on	ADP
ajfa-16655	91	4	the	the	DET
ajfa-16655	91	5	financial	financial	ADJ
ajfa-16655	91	6	statement	statement	NOUN
ajfa-16655	91	7	data	datum	NOUN
ajfa-16655	91	8	source	source	NOUN
ajfa-16655	91	9	because	because	SCONJ
ajfa-16655	91	10	of	of	ADP
ajfa-16655	91	11	authenticity	authenticity	NOUN
ajfa-16655	91	12	of	of	ADP
ajfa-16655	91	13	data	datum	NOUN
ajfa-16655	91	14	.	.	PUNCT
ajfa-16655	92	1	we	we	PRON
ajfa-16655	92	2	obtain	obtain	VERB
ajfa-16655	92	3	data	datum	NOUN
ajfa-16655	92	4	for	for	ADP
ajfa-16655	92	5	14	14	NUM
ajfa-16655	92	6	countries	country	NOUN
ajfa-16655	92	7	of	of	ADP
ajfa-16655	92	8	roa	roa	PROPN
ajfa-16655	92	9	,	,	PUNCT
ajfa-16655	92	10	roe	roe	NOUN
ajfa-16655	92	11	,	,	PUNCT
ajfa-16655	92	12	roic	roic	PROPN
ajfa-16655	92	13	,	,	PUNCT
ajfa-16655	92	14	ato	ato	PROPN
ajfa-16655	92	15	,	,	PUNCT
ajfa-16655	92	16	operating	operating	NOUN
ajfa-16655	92	17	profit	profit	NOUN
ajfa-16655	92	18	,	,	PUNCT
ajfa-16655	92	19	intangible	intangible	ADJ
ajfa-16655	92	20	assets	asset	NOUN
ajfa-16655	92	21	,	,	PUNCT
ajfa-16655	92	22	debt	debt	NOUN
ajfa-16655	92	23	to	to	ADP
ajfa-16655	92	24	equity	equity	NOUN
ajfa-16655	92	25	,	,	PUNCT
ajfa-16655	92	26	dividend	dividend	VERB
ajfa-16655	92	27	payout	payout	NOUN
ajfa-16655	92	28	ratio	ratio	NOUN
ajfa-16655	92	29	,	,	PUNCT
ajfa-16655	92	30	price	price	NOUN
ajfa-16655	92	31	to	to	ADP
ajfa-16655	92	32	earnings	earning	NOUN
ajfa-16655	92	33	ratio	ratio	NOUN
ajfa-16655	92	34	,	,	PUNCT
ajfa-16655	92	35	price	price	NOUN
ajfa-16655	92	36	to	to	ADP
ajfa-16655	92	37	book	book	NOUN
ajfa-16655	92	38	value	value	NOUN
ajfa-16655	92	39	&	&	CCONJ
ajfa-16655	92	40	price	price	NOUN
ajfa-16655	92	41	to	to	ADP
ajfa-16655	92	42	sales	sale	NOUN
ajfa-16655	92	43	ratio	ratio	NOUN
ajfa-16655	92	44	.	.	PUNCT
ajfa-16655	93	1	we	we	PRON
ajfa-16655	93	2	make	make	VERB
ajfa-16655	93	3	intangible	intangible	ADJ
ajfa-16655	93	4	assets	asset	NOUN
ajfa-16655	93	5	as	as	ADP
ajfa-16655	93	6	independent	independent	ADJ
ajfa-16655	93	7	variable	variable	NOUN
ajfa-16655	93	8	&	&	CCONJ
ajfa-16655	93	9	rest	rest	NOUN
ajfa-16655	93	10	of	of	ADP
ajfa-16655	93	11	all	all	PRON
ajfa-16655	93	12	as	as	ADP
ajfa-16655	93	13	dependent	dependent	ADJ
ajfa-16655	93	14	variables	variable	NOUN
ajfa-16655	93	15	.	.	PUNCT
ajfa-16655	94	1	we	we	PRON
ajfa-16655	94	2	take	take	VERB
ajfa-16655	94	3	four	four	NUM
ajfa-16655	94	4	years	year	NOUN
ajfa-16655	94	5	from	from	ADP
ajfa-16655	94	6	2015	2015	NUM
ajfa-16655	94	7	to	to	ADP
ajfa-16655	94	8	2018	2018	NUM
ajfa-16655	94	9	and	and	CCONJ
ajfa-16655	94	10	run	run	VERB
ajfa-16655	94	11	different	different	ADJ
ajfa-16655	94	12	test	test	NOUN
ajfa-16655	94	13	to	to	PART
ajfa-16655	94	14	support	support	VERB
ajfa-16655	94	15	our	our	PRON
ajfa-16655	94	16	results	result	NOUN
ajfa-16655	94	17	.	.	PUNCT
ajfa-16655	95	1	we	we	PRON
ajfa-16655	95	2	run	run	VERB
ajfa-16655	95	3	test	test	NOUN
ajfa-16655	95	4	on	on	ADP
ajfa-16655	95	5	smart	smart	ADJ
ajfa-16655	95	6	pls	pls	NOUN
ajfa-16655	95	7	3	3	NUM
ajfa-16655	95	8	and	and	CCONJ
ajfa-16655	95	9	find	find	VERB
ajfa-16655	95	10	correlation	correlation	NOUN
ajfa-16655	95	11	and	and	CCONJ
ajfa-16655	95	12	regression	regression	NOUN
ajfa-16655	95	13	analysis	analysis	NOUN
ajfa-16655	95	14	.	.	PUNCT
ajfa-16655	96	1	based	base	VERB
ajfa-16655	96	2	on	on	ADP
ajfa-16655	96	3	test	test	NOUN
ajfa-16655	96	4	result	result	NOUN
ajfa-16655	96	5	we	we	PRON
ajfa-16655	96	6	interpret	interpret	VERB
ajfa-16655	96	7	and	and	CCONJ
ajfa-16655	96	8	conclude	conclude	VERB
ajfa-16655	96	9	our	our	PRON
ajfa-16655	96	10	research	research	NOUN
ajfa-16655	96	11	.	.	PUNCT
ajfa-16655	97	1	asian	asian	ADJ
ajfa-16655	97	2	journal	journal	PROPN
ajfa-16655	97	3	of	of	ADP
ajfa-16655	97	4	finance	finance	PROPN
ajfa-16655	97	5	&	&	CCONJ
ajfa-16655	97	6	accounting	accounting	PROPN
ajfa-16655	97	7	issn	issn	PROPN
ajfa-16655	97	8	1946	1946	NUM
ajfa-16655	97	9	-	-	PUNCT
ajfa-16655	97	10	052x	052x	NOUN
ajfa-16655	97	11	2020	2020	NUM
ajfa-16655	97	12	,	,	PUNCT
ajfa-16655	97	13	vol	vol	NOUN
ajfa-16655	97	14	.	.	PROPN
ajfa-16655	97	15	12	12	NUM
ajfa-16655	97	16	,	,	PUNCT
ajfa-16655	97	17	no	no	INTJ
ajfa-16655	97	18	.	.	NOUN
ajfa-16655	97	19	1	1	NUM
ajfa-16655	97	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	97	21	32	32	NUM
ajfa-16655	97	22	2	2	NUM
ajfa-16655	97	23	.	.	PUNCT
ajfa-16655	98	1	literature	literature	PROPN
ajfa-16655	98	2	review	review	PROPN
ajfa-16655	98	3	haji	haji	PROPN
ajfa-16655	98	4	and	and	CCONJ
ajfa-16655	98	5	ghazali	ghazali	PROPN
ajfa-16655	98	6	(	(	PUNCT
ajfa-16655	98	7	2018	2018	NUM
ajfa-16655	98	8	)	)	PUNCT
ajfa-16655	98	9	suggest	suggest	VERB
ajfa-16655	98	10	the	the	DET
ajfa-16655	98	11	better	well	ADJ
ajfa-16655	98	12	investment	investment	NOUN
ajfa-16655	98	13	in	in	ADP
ajfa-16655	98	14	intangible	intangible	ADJ
ajfa-16655	98	15	resources	resource	NOUN
ajfa-16655	98	16	to	to	PART
ajfa-16655	98	17	improve	improve	VERB
ajfa-16655	98	18	the	the	DET
ajfa-16655	98	19	financial	financial	ADJ
ajfa-16655	98	20	performance	performance	NOUN
ajfa-16655	98	21	of	of	ADP
ajfa-16655	98	22	companies	company	NOUN
ajfa-16655	98	23	.	.	PUNCT
ajfa-16655	99	1	investment	investment	NOUN
ajfa-16655	99	2	in	in	ADP
ajfa-16655	99	3	human	human	ADJ
ajfa-16655	99	4	capital	capital	NOUN
ajfa-16655	99	5	and	and	CCONJ
ajfa-16655	99	6	technology	technology	NOUN
ajfa-16655	99	7	has	have	VERB
ajfa-16655	99	8	the	the	DET
ajfa-16655	99	9	perspective	perspective	NOUN
ajfa-16655	99	10	to	to	PART
ajfa-16655	99	11	improve	improve	VERB
ajfa-16655	99	12	the	the	DET
ajfa-16655	99	13	profitability	profitability	NOUN
ajfa-16655	99	14	and	and	CCONJ
ajfa-16655	99	15	the	the	DET
ajfa-16655	99	16	lack	lack	NOUN
ajfa-16655	99	17	of	of	ADP
ajfa-16655	99	18	investment	investment	NOUN
ajfa-16655	99	19	can	can	AUX
ajfa-16655	99	20	results	result	VERB
ajfa-16655	99	21	in	in	ADP
ajfa-16655	99	22	weaker	weak	ADJ
ajfa-16655	99	23	firm	firm	ADJ
ajfa-16655	99	24	performance	performance	NOUN
ajfa-16655	99	25	.	.	PUNCT
ajfa-16655	100	1	ozkan	ozkan	ADJ
ajfa-16655	100	2	,	,	PUNCT
ajfa-16655	100	3	cakan	cakan	ADJ
ajfa-16655	100	4	,	,	PUNCT
ajfa-16655	100	5	and	and	CCONJ
ajfa-16655	100	6	kayacan	kayacan	PROPN
ajfa-16655	100	7	(	(	PUNCT
ajfa-16655	100	8	2017	2017	NUM
ajfa-16655	100	9	)	)	PUNCT
ajfa-16655	100	10	examine	examine	VERB
ajfa-16655	100	11	the	the	DET
ajfa-16655	100	12	association	association	NOUN
ajfa-16655	100	13	among	among	ADP
ajfa-16655	100	14	investment	investment	NOUN
ajfa-16655	100	15	in	in	ADP
ajfa-16655	100	16	intangible	intangible	ADJ
ajfa-16655	100	17	assets	asset	NOUN
ajfa-16655	100	18	and	and	CCONJ
ajfa-16655	100	19	banking	banking	NOUN
ajfa-16655	100	20	profitability	profitability	NOUN
ajfa-16655	100	21	in	in	ADP
ajfa-16655	100	22	the	the	DET
ajfa-16655	100	23	short	short	ADJ
ajfa-16655	100	24	and	and	CCONJ
ajfa-16655	100	25	long	long	ADJ
ajfa-16655	100	26	run	run	NOUN
ajfa-16655	100	27	by	by	ADP
ajfa-16655	100	28	using	use	VERB
ajfa-16655	100	29	panel	panel	NOUN
ajfa-16655	100	30	data	datum	NOUN
ajfa-16655	100	31	.	.	PUNCT
ajfa-16655	101	1	their	their	PRON
ajfa-16655	101	2	results	result	NOUN
ajfa-16655	101	3	indicate	indicate	VERB
ajfa-16655	101	4	that	that	SCONJ
ajfa-16655	101	5	the	the	DET
ajfa-16655	101	6	intangible	intangible	ADJ
ajfa-16655	101	7	assets	asset	NOUN
ajfa-16655	101	8	improve	improve	VERB
ajfa-16655	101	9	the	the	DET
ajfa-16655	101	10	banking	banking	NOUN
ajfa-16655	101	11	performance	performance	NOUN
ajfa-16655	101	12	in	in	ADP
ajfa-16655	101	13	the	the	DET
ajfa-16655	101	14	long	long	ADJ
ajfa-16655	101	15	run	run	NOUN
ajfa-16655	101	16	nijun	nijun	PROPN
ajfa-16655	101	17	zhang	zhang	PROPN
ajfa-16655	101	18	(	(	PUNCT
ajfa-16655	101	19	2017	2017	NUM
ajfa-16655	101	20	)	)	PUNCT
ajfa-16655	101	21	researched	research	VERB
ajfa-16655	101	22	on	on	ADP
ajfa-16655	101	23	the	the	DET
ajfa-16655	101	24	effect	effect	NOUN
ajfa-16655	101	25	of	of	ADP
ajfa-16655	101	26	intangible	intangible	ADJ
ajfa-16655	101	27	assets	asset	NOUN
ajfa-16655	101	28	on	on	ADP
ajfa-16655	101	29	firms	firm	NOUN
ajfa-16655	101	30	’	'	PUNCT
ajfa-16655	101	31	economic	economic	ADJ
ajfa-16655	101	32	performance	performance	NOUN
ajfa-16655	101	33	in	in	ADP
ajfa-16655	101	34	listed	list	VERB
ajfa-16655	101	35	telecommunication	telecommunication	NOUN
ajfa-16655	101	36	firms	firm	NOUN
ajfa-16655	101	37	in	in	ADP
ajfa-16655	101	38	china	china	PROPN
ajfa-16655	101	39	.	.	PUNCT
ajfa-16655	102	1	intangible	intangible	ADJ
ajfa-16655	102	2	assets	asset	NOUN
ajfa-16655	102	3	ratio	ratio	NOUN
ajfa-16655	102	4	(	(	PUNCT
ajfa-16655	102	5	intangible	intangible	ADJ
ajfa-16655	102	6	assets	asset	NOUN
ajfa-16655	102	7	divided	divide	VERB
ajfa-16655	102	8	by	by	ADP
ajfa-16655	102	9	total	total	ADJ
ajfa-16655	102	10	assets	asset	NOUN
ajfa-16655	102	11	)	)	PUNCT
ajfa-16655	102	12	is	be	AUX
ajfa-16655	102	13	used	use	VERB
ajfa-16655	102	14	as	as	ADP
ajfa-16655	102	15	an	an	DET
ajfa-16655	102	16	independent	independent	ADJ
ajfa-16655	102	17	variable	variable	NOUN
ajfa-16655	102	18	whereas	whereas	SCONJ
ajfa-16655	102	19	the	the	DET
ajfa-16655	102	20	return	return	NOUN
ajfa-16655	102	21	on	on	ADP
ajfa-16655	102	22	assets	asset	NOUN
ajfa-16655	102	23	(	(	PUNCT
ajfa-16655	102	24	roa	roa	NOUN
ajfa-16655	102	25	)	)	PUNCT
ajfa-16655	102	26	as	as	ADP
ajfa-16655	102	27	the	the	DET
ajfa-16655	102	28	dependent	dependent	ADJ
ajfa-16655	102	29	variable	variable	NOUN
ajfa-16655	102	30	.	.	PUNCT
ajfa-16655	103	1	assets	asset	NOUN
ajfa-16655	103	2	are	be	AUX
ajfa-16655	103	3	future	future	ADJ
ajfa-16655	103	4	economic	economic	ADJ
ajfa-16655	103	5	benefits	benefit	NOUN
ajfa-16655	103	6	controlled	control	VERB
ajfa-16655	103	7	by	by	ADP
ajfa-16655	103	8	using	use	VERB
ajfa-16655	103	9	the	the	DET
ajfa-16655	103	10	entity	entity	NOUN
ajfa-16655	103	11	as	as	ADP
ajfa-16655	103	12	an	an	DET
ajfa-16655	103	13	end	end	NOUN
ajfa-16655	103	14	result	result	NOUN
ajfa-16655	103	15	of	of	ADP
ajfa-16655	103	16	past	past	ADJ
ajfa-16655	103	17	transactions	transaction	NOUN
ajfa-16655	103	18	or	or	CCONJ
ajfa-16655	103	19	other	other	ADJ
ajfa-16655	103	20	previous	previous	ADJ
ajfa-16655	103	21	events	event	NOUN
ajfa-16655	103	22	.	.	PUNCT
ajfa-16655	104	1	intangible	intangible	ADJ
ajfa-16655	104	2	assets	asset	NOUN
ajfa-16655	104	3	are	be	AUX
ajfa-16655	104	4	the	the	DET
ajfa-16655	104	5	companies	company	NOUN
ajfa-16655	104	6	’	’	PART
ajfa-16655	104	7	aggressive	aggressive	ADJ
ajfa-16655	104	8	advantage	advantage	NOUN
ajfa-16655	104	9	and	and	CCONJ
ajfa-16655	104	10	challenging	challenge	VERB
ajfa-16655	104	11	to	to	PART
ajfa-16655	104	12	imitate	imitate	VERB
ajfa-16655	104	13	.	.	PUNCT
ajfa-16655	105	1	in	in	ADP
ajfa-16655	105	2	the	the	DET
ajfa-16655	105	3	chinese	chinese	ADJ
ajfa-16655	105	4	accounting	accounting	NOUN
ajfa-16655	105	5	standards	standard	NOUN
ajfa-16655	105	6	,	,	PUNCT
ajfa-16655	105	7	intangible	intangible	ADJ
ajfa-16655	105	8	belongings	belonging	NOUN
ajfa-16655	105	9	include	include	VERB
ajfa-16655	105	10	patents	patent	NOUN
ajfa-16655	105	11	,	,	PUNCT
ajfa-16655	105	12	copyright	copyright	NOUN
ajfa-16655	105	13	,	,	PUNCT
ajfa-16655	105	14	franchise	franchise	NOUN
ajfa-16655	105	15	,	,	PUNCT
ajfa-16655	105	16	and	and	CCONJ
ajfa-16655	105	17	land	land	NOUN
ajfa-16655	105	18	-	-	PUNCT
ajfa-16655	105	19	use	use	NOUN
ajfa-16655	105	20	right	right	NOUN
ajfa-16655	105	21	.	.	PUNCT
ajfa-16655	106	1	there	there	PRON
ajfa-16655	106	2	is	be	VERB
ajfa-16655	106	3	an	an	DET
ajfa-16655	106	4	assumption	assumption	NOUN
ajfa-16655	106	5	that	that	SCONJ
ajfa-16655	106	6	if	if	SCONJ
ajfa-16655	106	7	in	in	ADP
ajfa-16655	106	8	china	china	PROPN
ajfa-16655	106	9	,	,	PUNCT
ajfa-16655	106	10	intangible	intangible	ADJ
ajfa-16655	106	11	belongings	belonging	NOUN
ajfa-16655	106	12	owned	own	VERB
ajfa-16655	106	13	with	with	ADP
ajfa-16655	106	14	the	the	DET
ajfa-16655	106	15	aid	aid	NOUN
ajfa-16655	106	16	of	of	ADP
ajfa-16655	106	17	businesses	business	NOUN
ajfa-16655	106	18	can	can	AUX
ajfa-16655	106	19	promote	promote	VERB
ajfa-16655	106	20	corporation	corporation	NOUN
ajfa-16655	106	21	’s	’s	PART
ajfa-16655	106	22	performance	performance	NOUN
ajfa-16655	106	23	higher	high	ADJ
ajfa-16655	106	24	than	than	ADP
ajfa-16655	106	25	tangible	tangible	ADJ
ajfa-16655	106	26	assets	asset	NOUN
ajfa-16655	106	27	,	,	PUNCT
ajfa-16655	106	28	the	the	DET
ajfa-16655	106	29	market	market	NOUN
ajfa-16655	106	30	structure	structure	NOUN
ajfa-16655	106	31	is	be	AUX
ajfa-16655	106	32	aggressive	aggressive	ADJ
ajfa-16655	106	33	and	and	CCONJ
ajfa-16655	106	34	mature	mature	ADJ
ajfa-16655	106	35	.	.	PUNCT
ajfa-16655	107	1	hence	hence	ADV
ajfa-16655	107	2	a	a	DET
ajfa-16655	107	3	positive	positive	ADJ
ajfa-16655	107	4	and	and	CCONJ
ajfa-16655	107	5	significant	significant	ADJ
ajfa-16655	107	6	correlation	correlation	NOUN
ajfa-16655	107	7	was	be	AUX
ajfa-16655	107	8	found	find	VERB
ajfa-16655	107	9	between	between	ADP
ajfa-16655	107	10	intangible	intangible	ADJ
ajfa-16655	107	11	assets	asset	NOUN
ajfa-16655	107	12	and	and	CCONJ
ajfa-16655	107	13	the	the	DET
ajfa-16655	107	14	firm	firm	NOUN
ajfa-16655	107	15	’s	’s	PART
ajfa-16655	107	16	profitability	profitability	NOUN
ajfa-16655	107	17	.	.	PUNCT
ajfa-16655	108	1	vladimir	vladimir	PROPN
ajfa-16655	108	2	dženopoljac	dženopoljac	PROPN
ajfa-16655	108	3	,	,	PUNCT
ajfa-16655	108	4	stevo	stevo	PROPN
ajfa-16655	108	5	janoševic	janoševic	PROPN
ajfa-16655	108	6	&	&	CCONJ
ajfa-16655	108	7	nick	nick	PROPN
ajfa-16655	108	8	bontis	bontis	PROPN
ajfa-16655	108	9	degroote	degroote	PROPN
ajfa-16655	108	10	(	(	PUNCT
ajfa-16655	108	11	2016	2016	NUM
ajfa-16655	108	12	)	)	PUNCT
ajfa-16655	108	13	investigated	investigate	VERB
ajfa-16655	108	14	the	the	DET
ajfa-16655	108	15	influence	influence	NOUN
ajfa-16655	108	16	of	of	ADP
ajfa-16655	108	17	intellectual	intellectual	ADJ
ajfa-16655	108	18	capital	capital	NOUN
ajfa-16655	108	19	(	(	PUNCT
ajfa-16655	108	20	ic	ic	PROPN
ajfa-16655	108	21	)	)	PUNCT
ajfa-16655	108	22	on	on	ADP
ajfa-16655	108	23	financial	financial	ADJ
ajfa-16655	108	24	performance	performance	NOUN
ajfa-16655	108	25	in	in	ADP
ajfa-16655	108	26	information	information	NOUN
ajfa-16655	108	27	communication	communication	NOUN
ajfa-16655	108	28	technology	technology	NOUN
ajfa-16655	108	29	(	(	PUNCT
ajfa-16655	108	30	ict	ict	PROPN
ajfa-16655	108	31	)	)	PUNCT
ajfa-16655	108	32	industry	industry	NOUN
ajfa-16655	108	33	of	of	ADP
ajfa-16655	108	34	serbia	serbia	PROPN
ajfa-16655	108	35	.	.	PUNCT
ajfa-16655	109	1	financial	financial	ADJ
ajfa-16655	109	2	performance	performance	NOUN
ajfa-16655	109	3	is	be	AUX
ajfa-16655	109	4	measured	measure	VERB
ajfa-16655	109	5	by	by	ADP
ajfa-16655	109	6	the	the	DET
ajfa-16655	109	7	following	follow	VERB
ajfa-16655	109	8	ratios	ratio	NOUN
ajfa-16655	109	9	;	;	PUNCT
ajfa-16655	109	10	return	return	VERB
ajfa-16655	109	11	on	on	ADP
ajfa-16655	109	12	equity	equity	NOUN
ajfa-16655	109	13	,	,	PUNCT
ajfa-16655	109	14	return	return	VERB
ajfa-16655	109	15	on	on	ADP
ajfa-16655	109	16	assets	asset	NOUN
ajfa-16655	109	17	,	,	PUNCT
ajfa-16655	109	18	return	return	VERB
ajfa-16655	109	19	on	on	ADP
ajfa-16655	109	20	invested	invest	VERB
ajfa-16655	109	21	capital	capital	NOUN
ajfa-16655	109	22	,	,	PUNCT
ajfa-16655	109	23	profitability	profitability	NOUN
ajfa-16655	109	24	,	,	PUNCT
ajfa-16655	109	25	and	and	CCONJ
ajfa-16655	109	26	asset	asset	NOUN
ajfa-16655	109	27	turnover	turnover	NOUN
ajfa-16655	109	28	.	.	PUNCT
ajfa-16655	110	1	knowledge	knowledge	PROPN
ajfa-16655	110	2	administration	administration	PROPN
ajfa-16655	110	3	and	and	CCONJ
ajfa-16655	110	4	ic	ic	PROPN
ajfa-16655	110	5	are	be	AUX
ajfa-16655	110	6	regarded	regard	VERB
ajfa-16655	110	7	among	among	ADP
ajfa-16655	110	8	the	the	DET
ajfa-16655	110	9	youngest	young	ADJ
ajfa-16655	110	10	administration	administration	NOUN
ajfa-16655	110	11	disciplines	discipline	NOUN
ajfa-16655	110	12	to	to	PART
ajfa-16655	110	13	have	have	AUX
ajfa-16655	110	14	received	receive	VERB
ajfa-16655	110	15	acceptance	acceptance	NOUN
ajfa-16655	110	16	in	in	ADP
ajfa-16655	110	17	the	the	DET
ajfa-16655	110	18	scientific	scientific	ADJ
ajfa-16655	110	19	community	community	NOUN
ajfa-16655	110	20	.	.	PUNCT
ajfa-16655	111	1	the	the	DET
ajfa-16655	111	2	results	result	NOUN
ajfa-16655	111	3	of	of	ADP
ajfa-16655	111	4	this	this	DET
ajfa-16655	111	5	study	study	NOUN
ajfa-16655	111	6	indicate	indicate	VERB
ajfa-16655	111	7	that	that	SCONJ
ajfa-16655	111	8	there	there	PRON
ajfa-16655	111	9	are	be	VERB
ajfa-16655	111	10	no	no	DET
ajfa-16655	111	11	significant	significant	ADJ
ajfa-16655	111	12	differences	difference	NOUN
ajfa-16655	111	13	found	find	VERB
ajfa-16655	111	14	in	in	ADP
ajfa-16655	111	15	economic	economic	ADJ
ajfa-16655	111	16	performance	performance	NOUN
ajfa-16655	111	17	among	among	ADP
ajfa-16655	111	18	different	different	ADJ
ajfa-16655	111	19	ict	ict	NOUN
ajfa-16655	111	20	subsectors	subsector	NOUN
ajfa-16655	111	21	.	.	PUNCT
ajfa-16655	112	1	jasenka	jasenka	PROPN
ajfa-16655	112	2	bubic	bubic	PROPN
ajfa-16655	112	3	&	&	CCONJ
ajfa-16655	112	4	toni	toni	PROPN
ajfa-16655	112	5	susak	susak	PROPN
ajfa-16655	112	6	(	(	PUNCT
ajfa-16655	112	7	2015	2015	NUM
ajfa-16655	112	8	)	)	PUNCT
ajfa-16655	112	9	study	study	VERB
ajfa-16655	112	10	the	the	DET
ajfa-16655	112	11	relationship	relationship	NOUN
ajfa-16655	112	12	between	between	ADP
ajfa-16655	112	13	investment	investment	NOUN
ajfa-16655	112	14	in	in	ADP
ajfa-16655	112	15	intangible	intangible	ADJ
ajfa-16655	112	16	assets	asset	NOUN
ajfa-16655	112	17	represented	represent	VERB
ajfa-16655	112	18	by	by	ADP
ajfa-16655	112	19	intangible	intangible	ADJ
ajfa-16655	112	20	assets	asset	NOUN
ajfa-16655	112	21	to	to	PART
ajfa-16655	112	22	total	total	VERB
ajfa-16655	112	23	assets	asset	NOUN
ajfa-16655	112	24	ratio	ratio	NOUN
ajfa-16655	112	25	and	and	CCONJ
ajfa-16655	112	26	financial	financial	ADJ
ajfa-16655	112	27	performance	performance	NOUN
ajfa-16655	112	28	of	of	ADP
ajfa-16655	112	29	companies	company	NOUN
ajfa-16655	112	30	represented	represent	VERB
ajfa-16655	112	31	by	by	ADP
ajfa-16655	112	32	return	return	NOUN
ajfa-16655	112	33	on	on	ADP
ajfa-16655	112	34	assets	asset	NOUN
ajfa-16655	112	35	,	,	PUNCT
ajfa-16655	112	36	return	return	VERB
ajfa-16655	112	37	on	on	ADP
ajfa-16655	112	38	equity	equity	NOUN
ajfa-16655	112	39	,	,	PUNCT
ajfa-16655	112	40	net	net	ADJ
ajfa-16655	112	41	profit	profit	NOUN
ajfa-16655	112	42	margin	margin	NOUN
ajfa-16655	112	43	,	,	PUNCT
ajfa-16655	112	44	and	and	CCONJ
ajfa-16655	112	45	gross	gross	ADJ
ajfa-16655	112	46	profit	profit	NOUN
ajfa-16655	112	47	margin	margin	NOUN
ajfa-16655	112	48	.	.	PUNCT
ajfa-16655	113	1	intangible	intangible	ADJ
ajfa-16655	113	2	assets	asset	NOUN
ajfa-16655	113	3	are	be	AUX
ajfa-16655	113	4	commercial	commercial	ADJ
ajfa-16655	113	5	enterprise	enterprise	NOUN
ajfa-16655	113	6	sources	source	NOUN
ajfa-16655	113	7	of	of	ADP
ajfa-16655	113	8	a	a	DET
ajfa-16655	113	9	company	company	NOUN
ajfa-16655	113	10	.	.	PUNCT
ajfa-16655	114	1	gamayuni	gamayuni	PROPN
ajfa-16655	114	2	(	(	PUNCT
ajfa-16655	114	3	2015	2015	NUM
ajfa-16655	114	4	)	)	PUNCT
ajfa-16655	114	5	empirically	empirically	ADV
ajfa-16655	114	6	tests	test	VERB
ajfa-16655	114	7	the	the	DET
ajfa-16655	114	8	relationship	relationship	NOUN
ajfa-16655	114	9	between	between	ADP
ajfa-16655	114	10	intangible	intangible	ADJ
ajfa-16655	114	11	assets	asset	NOUN
ajfa-16655	114	12	,	,	PUNCT
ajfa-16655	114	13	financial	financial	ADJ
ajfa-16655	114	14	policies	policy	NOUN
ajfa-16655	114	15	,	,	PUNCT
ajfa-16655	114	16	and	and	CCONJ
ajfa-16655	114	17	financial	financial	ADJ
ajfa-16655	114	18	performance	performance	NOUN
ajfa-16655	114	19	on	on	ADP
ajfa-16655	114	20	firm	firm	ADJ
ajfa-16655	114	21	value	value	NOUN
ajfa-16655	114	22	in	in	ADP
ajfa-16655	114	23	indonesia	indonesia	PROPN
ajfa-16655	114	24	's	's	PART
ajfa-16655	114	25	going	go	VERB
ajfa-16655	114	26	-	-	PUNCT
ajfa-16655	114	27	public	public	ADJ
ajfa-16655	114	28	business	business	NOUN
ajfa-16655	114	29	.	.	PUNCT
ajfa-16655	115	1	process	process	NOUN
ajfa-16655	115	2	analysis	analysis	NOUN
ajfa-16655	115	3	was	be	AUX
ajfa-16655	115	4	used	use	VERB
ajfa-16655	115	5	in	in	ADP
ajfa-16655	115	6	2007	2007	NUM
ajfa-16655	115	7	-	-	SYM
ajfa-16655	115	8	2009	2009	NUM
ajfa-16655	115	9	to	to	PART
ajfa-16655	115	10	assess	assess	VERB
ajfa-16655	115	11	the	the	DET
ajfa-16655	115	12	relationship	relationship	NOUN
ajfa-16655	115	13	between	between	ADP
ajfa-16655	115	14	intangible	intangible	ADJ
ajfa-16655	115	15	assets	asset	NOUN
ajfa-16655	115	16	,	,	PUNCT
ajfa-16655	115	17	financial	financial	ADJ
ajfa-16655	115	18	policies	policy	NOUN
ajfa-16655	115	19	,	,	PUNCT
ajfa-16655	115	20	financial	financial	ADJ
ajfa-16655	115	21	performance	performance	NOUN
ajfa-16655	115	22	,	,	PUNCT
ajfa-16655	115	23	and	and	CCONJ
ajfa-16655	115	24	firm	firm	ADJ
ajfa-16655	115	25	value	value	NOUN
ajfa-16655	115	26	in	in	ADP
ajfa-16655	115	27	indonesia	indonesia	PROPN
ajfa-16655	115	28	's	's	PART
ajfa-16655	115	29	going	go	VERB
ajfa-16655	115	30	-	-	PUNCT
ajfa-16655	115	31	public	public	ADJ
ajfa-16655	115	32	company	company	NOUN
ajfa-16655	115	33	.	.	PUNCT
ajfa-16655	116	1	interestingly	interestingly	ADV
ajfa-16655	116	2	,	,	PUNCT
ajfa-16655	116	3	intangible	intangible	ADJ
ajfa-16655	116	4	assets	asset	NOUN
ajfa-16655	116	5	,	,	PUNCT
ajfa-16655	116	6	financial	financial	ADJ
ajfa-16655	116	7	policies	policy	NOUN
ajfa-16655	116	8	,	,	PUNCT
ajfa-16655	116	9	and	and	CCONJ
ajfa-16655	116	10	financial	financial	ADJ
ajfa-16655	116	11	performance	performance	NOUN
ajfa-16655	116	12	have	have	VERB
ajfa-16655	116	13	a	a	DET
ajfa-16655	116	14	significant	significant	ADJ
ajfa-16655	116	15	impact	impact	NOUN
ajfa-16655	116	16	on	on	ADP
ajfa-16655	116	17	firm	firm	ADJ
ajfa-16655	116	18	value	value	NOUN
ajfa-16655	116	19	.	.	PUNCT
ajfa-16655	117	1	important	important	ADJ
ajfa-16655	117	2	assets	asset	NOUN
ajfa-16655	117	3	have	have	VERB
ajfa-16655	117	4	no	no	DET
ajfa-16655	117	5	significant	significant	ADJ
ajfa-16655	117	6	influence	influence	NOUN
ajfa-16655	117	7	on	on	ADP
ajfa-16655	117	8	financial	financial	ADJ
ajfa-16655	117	9	policies	policy	NOUN
ajfa-16655	117	10	but	but	CCONJ
ajfa-16655	117	11	have	have	AUX
ajfa-16655	117	12	had	have	VERB
ajfa-16655	117	13	a	a	DET
ajfa-16655	117	14	positive	positive	ADJ
ajfa-16655	117	15	and	and	CCONJ
ajfa-16655	117	16	significant	significant	ADJ
ajfa-16655	117	17	impact	impact	NOUN
ajfa-16655	117	18	on	on	ADP
ajfa-16655	117	19	financial	financial	ADJ
ajfa-16655	117	20	performance	performance	NOUN
ajfa-16655	117	21	(	(	PUNCT
ajfa-16655	117	22	roa	roa	NOUN
ajfa-16655	117	23	)	)	PUNCT
ajfa-16655	117	24	and	and	CCONJ
ajfa-16655	117	25	firm	firm	ADJ
ajfa-16655	117	26	value	value	NOUN
ajfa-16655	117	27	.	.	PUNCT
ajfa-16655	118	1	debt	debt	NOUN
ajfa-16655	118	2	policies	policy	NOUN
ajfa-16655	118	3	and	and	CCONJ
ajfa-16655	118	4	financial	financial	ADJ
ajfa-16655	118	5	performance	performance	NOUN
ajfa-16655	118	6	(	(	PUNCT
ajfa-16655	118	7	roa	roa	NOUN
ajfa-16655	118	8	)	)	PUNCT
ajfa-16655	118	9	have	have	AUX
ajfa-16655	118	10	had	have	VERB
ajfa-16655	118	11	a	a	DET
ajfa-16655	118	12	strong	strong	ADJ
ajfa-16655	118	13	and	and	CCONJ
ajfa-16655	118	14	important	important	ADJ
ajfa-16655	118	15	impact	impact	NOUN
ajfa-16655	118	16	on	on	ADP
ajfa-16655	118	17	firm	firm	ADJ
ajfa-16655	118	18	price	price	NOUN
ajfa-16655	118	19	.	.	PUNCT
ajfa-16655	119	1	limitation	limitation	NOUN
ajfa-16655	119	2	of	of	ADP
ajfa-16655	119	3	financial	financial	ADJ
ajfa-16655	119	4	statements	statement	NOUN
ajfa-16655	119	5	in	in	ADP
ajfa-16655	119	6	measuring	measure	VERB
ajfa-16655	119	7	and	and	CCONJ
ajfa-16655	119	8	disclosing	disclose	VERB
ajfa-16655	119	9	asian	asian	ADJ
ajfa-16655	119	10	journal	journal	NOUN
ajfa-16655	119	11	of	of	ADP
ajfa-16655	119	12	finance	finance	PROPN
ajfa-16655	119	13	&	&	CCONJ
ajfa-16655	119	14	accounting	accounting	PROPN
ajfa-16655	119	15	issn	issn	PROPN
ajfa-16655	119	16	1946	1946	NUM
ajfa-16655	119	17	-	-	PUNCT
ajfa-16655	119	18	052x	052x	NOUN
ajfa-16655	119	19	2020	2020	NUM
ajfa-16655	119	20	,	,	PUNCT
ajfa-16655	119	21	vol	vol	NOUN
ajfa-16655	119	22	.	.	PROPN
ajfa-16655	119	23	12	12	NUM
ajfa-16655	119	24	,	,	PUNCT
ajfa-16655	119	25	no	no	INTJ
ajfa-16655	119	26	.	.	NOUN
ajfa-16655	119	27	1	1	NUM
ajfa-16655	119	28	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	119	29	33	33	NUM
ajfa-16655	119	30	intangible	intangible	ADJ
ajfa-16655	119	31	assets	asset	NOUN
ajfa-16655	119	32	is	be	AUX
ajfa-16655	119	33	the	the	DET
ajfa-16655	119	34	cause	cause	NOUN
ajfa-16655	119	35	of	of	ADP
ajfa-16655	119	36	a	a	DET
ajfa-16655	119	37	significant	significant	ADJ
ajfa-16655	119	38	difference	difference	NOUN
ajfa-16655	119	39	between	between	ADP
ajfa-16655	119	40	equity	equity	NOUN
ajfa-16655	119	41	of	of	ADP
ajfa-16655	119	42	book	book	NOUN
ajfa-16655	119	43	value	value	NOUN
ajfa-16655	119	44	and	and	CCONJ
ajfa-16655	119	45	equity	equity	NOUN
ajfa-16655	119	46	of	of	ADP
ajfa-16655	119	47	market	market	NOUN
ajfa-16655	119	48	value	value	NOUN
ajfa-16655	119	49	.	.	PUNCT
ajfa-16655	120	1	intangible	intangible	ADJ
ajfa-16655	120	2	assets	asset	NOUN
ajfa-16655	120	3	are	be	AUX
ajfa-16655	120	4	being	be	AUX
ajfa-16655	120	5	transformed	transform	VERB
ajfa-16655	120	6	into	into	ADP
ajfa-16655	120	7	an	an	DET
ajfa-16655	120	8	unrivaled	unrivaled	ADJ
ajfa-16655	120	9	resource	resource	NOUN
ajfa-16655	120	10	for	for	ADP
ajfa-16655	120	11	business	business	NOUN
ajfa-16655	120	12	wealth	wealth	NOUN
ajfa-16655	120	13	creation	creation	NOUN
ajfa-16655	120	14	.	.	PUNCT
ajfa-16655	121	1	while	while	SCONJ
ajfa-16655	121	2	tangible	tangible	ADJ
ajfa-16655	121	3	assets	asset	NOUN
ajfa-16655	121	4	such	such	ADJ
ajfa-16655	121	5	as	as	ADP
ajfa-16655	121	6	structures	structure	NOUN
ajfa-16655	121	7	,	,	PUNCT
ajfa-16655	121	8	facilities	facility	NOUN
ajfa-16655	121	9	and	and	CCONJ
ajfa-16655	121	10	equipment	equipment	NOUN
ajfa-16655	121	11	continue	continue	VERB
ajfa-16655	121	12	to	to	PART
ajfa-16655	121	13	be	be	AUX
ajfa-16655	121	14	the	the	DET
ajfa-16655	121	15	main	main	ADJ
ajfa-16655	121	16	elements	element	NOUN
ajfa-16655	121	17	in	in	ADP
ajfa-16655	121	18	the	the	DET
ajfa-16655	121	19	production	production	NOUN
ajfa-16655	121	20	of	of	ADP
ajfa-16655	121	21	goods	good	NOUN
ajfa-16655	121	22	and	and	CCONJ
ajfa-16655	121	23	services	service	NOUN
ajfa-16655	121	24	,	,	PUNCT
ajfa-16655	121	25	the	the	DET
ajfa-16655	121	26	relative	relative	ADJ
ajfa-16655	121	27	importance	importance	NOUN
ajfa-16655	121	28	has	have	AUX
ajfa-16655	121	29	declined	decline	VERB
ajfa-16655	121	30	over	over	ADP
ajfa-16655	121	31	time	time	NOUN
ajfa-16655	121	32	as	as	SCONJ
ajfa-16655	121	33	the	the	DET
ajfa-16655	121	34	significance	significance	NOUN
ajfa-16655	121	35	of	of	ADP
ajfa-16655	121	36	intangible	intangible	ADJ
ajfa-16655	121	37	assets	asset	NOUN
ajfa-16655	121	38	replaces	replace	VERB
ajfa-16655	121	39	tangible	tangible	ADJ
ajfa-16655	121	40	assets	asset	NOUN
ajfa-16655	121	41	(	(	PUNCT
ajfa-16655	121	42	martins	martin	NOUN
ajfa-16655	121	43	&	&	CCONJ
ajfa-16655	121	44	alves	alves	PROPN
ajfa-16655	121	45	,	,	PUNCT
ajfa-16655	121	46	2010	2010	NUM
ajfa-16655	121	47	)	)	PUNCT
ajfa-16655	122	1	3	3	NUM
ajfa-16655	122	2	.	.	PUNCT
ajfa-16655	122	3	conceptual	conceptual	ADJ
ajfa-16655	122	4	framework	framework	NOUN
ajfa-16655	122	5	3.1	3.1	NUM
ajfa-16655	122	6	dependent	dependent	ADJ
ajfa-16655	122	7	variables	variable	NOUN
ajfa-16655	122	8	the	the	DET
ajfa-16655	122	9	dependent	dependent	ADJ
ajfa-16655	122	10	variable	variable	NOUN
ajfa-16655	122	11	in	in	ADP
ajfa-16655	122	12	this	this	DET
ajfa-16655	122	13	paper	paper	NOUN
ajfa-16655	122	14	is	be	AUX
ajfa-16655	122	15	profitability	profitability	NOUN
ajfa-16655	122	16	,	,	PUNCT
ajfa-16655	122	17	efficiency	efficiency	NOUN
ajfa-16655	122	18	,	,	PUNCT
ajfa-16655	122	19	capital	capital	NOUN
ajfa-16655	122	20	structure	structure	NOUN
ajfa-16655	122	21	,	,	PUNCT
ajfa-16655	122	22	dividend	dividend	NOUN
ajfa-16655	122	23	policy	policy	NOUN
ajfa-16655	122	24	and	and	CCONJ
ajfa-16655	122	25	market	market	NOUN
ajfa-16655	122	26	value	value	NOUN
ajfa-16655	122	27	which	which	PRON
ajfa-16655	122	28	is	be	AUX
ajfa-16655	122	29	measured	measure	VERB
ajfa-16655	122	30	through	through	ADP
ajfa-16655	122	31	the	the	DET
ajfa-16655	122	32	proxies	proxy	NOUN
ajfa-16655	122	33	of	of	ADP
ajfa-16655	122	34	roa	roa	PROPN
ajfa-16655	122	35	,	,	PUNCT
ajfa-16655	122	36	roe	roe	NOUN
ajfa-16655	122	37	,	,	PUNCT
ajfa-16655	122	38	roic	roic	PROPN
ajfa-16655	122	39	,	,	PUNCT
ajfa-16655	122	40	ato	ato	PROPN
ajfa-16655	122	41	,	,	PUNCT
ajfa-16655	122	42	net	net	ADJ
ajfa-16655	122	43	profit	profit	NOUN
ajfa-16655	122	44	margin	margin	NOUN
ajfa-16655	122	45	,	,	PUNCT
ajfa-16655	122	46	debt	debt	NOUN
ajfa-16655	122	47	to	to	ADP
ajfa-16655	122	48	equity	equity	NOUN
ajfa-16655	122	49	ratio	ratio	NOUN
ajfa-16655	122	50	,	,	PUNCT
ajfa-16655	122	51	dividend	dividend	VERB
ajfa-16655	122	52	payout	payout	NOUN
ajfa-16655	122	53	ratio	ratio	NOUN
ajfa-16655	122	54	,	,	PUNCT
ajfa-16655	122	55	price	price	NOUN
ajfa-16655	122	56	earnings	earning	NOUN
ajfa-16655	122	57	ratio	ratio	NOUN
ajfa-16655	122	58	,	,	PUNCT
ajfa-16655	122	59	price	price	NOUN
ajfa-16655	122	60	to	to	ADP
ajfa-16655	122	61	sales	sale	NOUN
ajfa-16655	122	62	ratio	ratio	NOUN
ajfa-16655	122	63	and	and	CCONJ
ajfa-16655	122	64	price	price	NOUN
ajfa-16655	122	65	to	to	ADP
ajfa-16655	122	66	book	book	NOUN
ajfa-16655	122	67	value	value	NOUN
ajfa-16655	122	68	.	.	PUNCT
ajfa-16655	123	1	definitions	definition	NOUN
ajfa-16655	123	2	of	of	ADP
ajfa-16655	123	3	the	the	DET
ajfa-16655	123	4	variables	variable	NOUN
ajfa-16655	123	5	mentioned	mention	VERB
ajfa-16655	123	6	in	in	ADP
ajfa-16655	123	7	table	table	NOUN
ajfa-16655	123	8	1	1	NUM
ajfa-16655	123	9	:	:	PUNCT
ajfa-16655	123	10	asian	asian	ADJ
ajfa-16655	123	11	journal	journal	NOUN
ajfa-16655	123	12	of	of	ADP
ajfa-16655	123	13	finance	finance	PROPN
ajfa-16655	123	14	&	&	CCONJ
ajfa-16655	123	15	accounting	accounting	PROPN
ajfa-16655	123	16	issn	issn	PROPN
ajfa-16655	123	17	1946	1946	NUM
ajfa-16655	123	18	-	-	PUNCT
ajfa-16655	123	19	052x	052x	NOUN
ajfa-16655	123	20	2020	2020	NUM
ajfa-16655	123	21	,	,	PUNCT
ajfa-16655	123	22	vol	vol	NOUN
ajfa-16655	123	23	.	.	PROPN
ajfa-16655	123	24	12	12	NUM
ajfa-16655	123	25	,	,	PUNCT
ajfa-16655	123	26	no	no	INTJ
ajfa-16655	123	27	.	.	NOUN
ajfa-16655	123	28	1	1	NUM
ajfa-16655	123	29	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	123	30	34	34	NUM
ajfa-16655	123	31	table	table	NOUN
ajfa-16655	123	32	1	1	NUM
ajfa-16655	123	33	.	.	PUNCT
ajfa-16655	124	1	definitions	definition	NOUN
ajfa-16655	124	2	of	of	ADP
ajfa-16655	124	3	variables	variable	NOUN
ajfa-16655	124	4	variables	variable	NOUN
ajfa-16655	124	5	definitions	definition	VERB
ajfa-16655	124	6	1	1	NUM
ajfa-16655	124	7	return	return	NOUN
ajfa-16655	124	8	on	on	ADP
ajfa-16655	124	9	assets	asset	NOUN
ajfa-16655	124	10	(	(	PUNCT
ajfa-16655	124	11	roa	roa	NOUN
ajfa-16655	124	12	)	)	PUNCT
ajfa-16655	124	13	return	return	NOUN
ajfa-16655	124	14	on	on	ADP
ajfa-16655	124	15	assets	asset	NOUN
ajfa-16655	124	16	(	(	PUNCT
ajfa-16655	124	17	roa	roa	NOUN
ajfa-16655	124	18	)	)	PUNCT
ajfa-16655	124	19	is	be	AUX
ajfa-16655	124	20	an	an	DET
ajfa-16655	124	21	indicator	indicator	NOUN
ajfa-16655	124	22	of	of	ADP
ajfa-16655	124	23	how	how	SCONJ
ajfa-16655	124	24	profitable	profitable	ADJ
ajfa-16655	124	25	a	a	DET
ajfa-16655	124	26	company	company	NOUN
ajfa-16655	124	27	is	be	AUX
ajfa-16655	124	28	relative	relative	ADJ
ajfa-16655	124	29	to	to	ADP
ajfa-16655	124	30	its	its	PRON
ajfa-16655	124	31	total	total	ADJ
ajfa-16655	124	32	assets	asset	NOUN
ajfa-16655	124	33	.	.	PUNCT
ajfa-16655	125	1	roa	roa	PROPN
ajfa-16655	125	2	gives	give	VERB
ajfa-16655	125	3	a	a	DET
ajfa-16655	125	4	manager	manager	NOUN
ajfa-16655	125	5	,	,	PUNCT
ajfa-16655	125	6	investor	investor	NOUN
ajfa-16655	125	7	,	,	PUNCT
ajfa-16655	125	8	or	or	CCONJ
ajfa-16655	125	9	analyst	analyst	NOUN
ajfa-16655	125	10	an	an	DET
ajfa-16655	125	11	idea	idea	NOUN
ajfa-16655	125	12	as	as	ADP
ajfa-16655	125	13	to	to	ADP
ajfa-16655	125	14	how	how	SCONJ
ajfa-16655	125	15	efficient	efficient	ADJ
ajfa-16655	125	16	a	a	DET
ajfa-16655	125	17	company	company	NOUN
ajfa-16655	125	18	's	's	PART
ajfa-16655	125	19	management	management	NOUN
ajfa-16655	125	20	is	be	AUX
ajfa-16655	125	21	at	at	ADP
ajfa-16655	125	22	using	use	VERB
ajfa-16655	125	23	its	its	PRON
ajfa-16655	125	24	assets	asset	NOUN
ajfa-16655	125	25	to	to	PART
ajfa-16655	125	26	generate	generate	VERB
ajfa-16655	125	27	earnings	earning	NOUN
ajfa-16655	125	28	2	2	NUM
ajfa-16655	125	29	return	return	NOUN
ajfa-16655	125	30	on	on	ADP
ajfa-16655	125	31	equity	equity	NOUN
ajfa-16655	125	32	(	(	PUNCT
ajfa-16655	125	33	roe	roe	PROPN
ajfa-16655	125	34	)	)	PUNCT
ajfa-16655	125	35	return	return	NOUN
ajfa-16655	125	36	on	on	ADP
ajfa-16655	125	37	equity	equity	NOUN
ajfa-16655	125	38	(	(	PUNCT
ajfa-16655	125	39	roe	roe	PROPN
ajfa-16655	125	40	)	)	PUNCT
ajfa-16655	125	41	is	be	AUX
ajfa-16655	125	42	a	a	DET
ajfa-16655	125	43	measure	measure	NOUN
ajfa-16655	125	44	of	of	ADP
ajfa-16655	125	45	financial	financial	ADJ
ajfa-16655	125	46	performance	performance	NOUN
ajfa-16655	125	47	calculated	calculate	VERB
ajfa-16655	125	48	by	by	ADP
ajfa-16655	125	49	dividing	divide	VERB
ajfa-16655	125	50	net	net	ADJ
ajfa-16655	125	51	income	income	NOUN
ajfa-16655	125	52	by	by	ADP
ajfa-16655	125	53	shareholders	shareholder	NOUN
ajfa-16655	125	54	'	'	PART
ajfa-16655	125	55	equity	equity	NOUN
ajfa-16655	125	56	.	.	PUNCT
ajfa-16655	126	1	because	because	SCONJ
ajfa-16655	126	2	shareholders	shareholder	NOUN
ajfa-16655	126	3	'	'	PART
ajfa-16655	126	4	equity	equity	NOUN
ajfa-16655	126	5	is	be	AUX
ajfa-16655	126	6	equal	equal	ADJ
ajfa-16655	126	7	to	to	ADP
ajfa-16655	126	8	a	a	DET
ajfa-16655	126	9	company	company	NOUN
ajfa-16655	126	10	's	's	PART
ajfa-16655	126	11	assets	asset	NOUN
ajfa-16655	126	12	minus	minus	ADP
ajfa-16655	126	13	its	its	PRON
ajfa-16655	126	14	debt	debt	NOUN
ajfa-16655	126	15	,	,	PUNCT
ajfa-16655	126	16	roe	roe	PROPN
ajfa-16655	126	17	could	could	AUX
ajfa-16655	126	18	be	be	AUX
ajfa-16655	126	19	thought	think	VERB
ajfa-16655	126	20	of	of	ADP
ajfa-16655	126	21	as	as	ADP
ajfa-16655	126	22	the	the	DET
ajfa-16655	126	23	return	return	NOUN
ajfa-16655	126	24	on	on	ADP
ajfa-16655	126	25	net	net	ADJ
ajfa-16655	126	26	assets	asset	NOUN
ajfa-16655	126	27	.	.	PUNCT
ajfa-16655	127	1	3	3	NUM
ajfa-16655	127	2	return	return	NOUN
ajfa-16655	127	3	on	on	ADP
ajfa-16655	127	4	invested	invest	VERB
ajfa-16655	127	5	capital	capital	NOUN
ajfa-16655	127	6	(	(	PUNCT
ajfa-16655	127	7	roic	roic	ADJ
ajfa-16655	127	8	)	)	PUNCT
ajfa-16655	127	9	return	return	NOUN
ajfa-16655	127	10	on	on	ADP
ajfa-16655	127	11	invested	invest	VERB
ajfa-16655	127	12	capital	capital	NOUN
ajfa-16655	127	13	and	and	CCONJ
ajfa-16655	127	14	is	be	AUX
ajfa-16655	127	15	a	a	DET
ajfa-16655	127	16	profitability	profitability	NOUN
ajfa-16655	127	17	or	or	CCONJ
ajfa-16655	127	18	performance	performance	NOUN
ajfa-16655	127	19	ratio	ratio	NOUN
ajfa-16655	127	20	that	that	PRON
ajfa-16655	127	21	aims	aim	VERB
ajfa-16655	127	22	to	to	PART
ajfa-16655	127	23	measure	measure	VERB
ajfa-16655	127	24	the	the	DET
ajfa-16655	127	25	percentage	percentage	NOUN
ajfa-16655	127	26	return	return	NOUN
ajfa-16655	127	27	that	that	SCONJ
ajfa-16655	127	28	investors	investor	NOUN
ajfa-16655	127	29	in	in	ADP
ajfa-16655	127	30	a	a	DET
ajfa-16655	127	31	company	company	NOUN
ajfa-16655	127	32	are	be	AUX
ajfa-16655	127	33	earning	earn	VERB
ajfa-16655	127	34	from	from	ADP
ajfa-16655	127	35	their	their	PRON
ajfa-16655	127	36	invested	invest	VERB
ajfa-16655	127	37	capital	capital	NOUN
ajfa-16655	127	38	.	.	PUNCT
ajfa-16655	128	1	it	it	PRON
ajfa-16655	128	2	also	also	ADV
ajfa-16655	128	3	represents	represent	VERB
ajfa-16655	128	4	the	the	DET
ajfa-16655	128	5	residual	residual	ADJ
ajfa-16655	128	6	value	value	NOUN
ajfa-16655	128	7	of	of	ADP
ajfa-16655	128	8	assets	asset	NOUN
ajfa-16655	128	9	minus	minus	ADP
ajfa-16655	128	10	liabilities	liability	NOUN
ajfa-16655	128	11	.	.	PUNCT
ajfa-16655	129	1	4	4	NUM
ajfa-16655	129	2	assets	asset	NOUN
ajfa-16655	129	3	turnover	turnover	NOUN
ajfa-16655	129	4	(	(	PUNCT
ajfa-16655	129	5	ato	ato	NOUN
ajfa-16655	129	6	)	)	PUNCT
ajfa-16655	129	7	asset	asset	NOUN
ajfa-16655	129	8	turnover	turnover	NOUN
ajfa-16655	129	9	(	(	PUNCT
ajfa-16655	129	10	ato	ato	PROPN
ajfa-16655	129	11	)	)	PUNCT
ajfa-16655	129	12	or	or	CCONJ
ajfa-16655	129	13	asset	asset	NOUN
ajfa-16655	129	14	turns	turn	VERB
ajfa-16655	129	15	is	be	AUX
ajfa-16655	129	16	a	a	DET
ajfa-16655	129	17	financial	financial	ADJ
ajfa-16655	129	18	ratio	ratio	NOUN
ajfa-16655	129	19	that	that	PRON
ajfa-16655	129	20	measures	measure	VERB
ajfa-16655	129	21	the	the	DET
ajfa-16655	129	22	efficiency	efficiency	NOUN
ajfa-16655	129	23	of	of	ADP
ajfa-16655	129	24	a	a	DET
ajfa-16655	129	25	company	company	NOUN
ajfa-16655	129	26	's	's	PART
ajfa-16655	129	27	use	use	NOUN
ajfa-16655	129	28	of	of	ADP
ajfa-16655	129	29	its	its	PRON
ajfa-16655	129	30	assets	asset	NOUN
ajfa-16655	129	31	in	in	ADP
ajfa-16655	129	32	generating	generate	VERB
ajfa-16655	129	33	sales	sale	NOUN
ajfa-16655	129	34	revenue	revenue	NOUN
ajfa-16655	129	35	or	or	CCONJ
ajfa-16655	129	36	sales	sale	NOUN
ajfa-16655	129	37	income	income	NOUN
ajfa-16655	129	38	to	to	ADP
ajfa-16655	129	39	the	the	DET
ajfa-16655	129	40	company	company	NOUN
ajfa-16655	129	41	5	5	NUM
ajfa-16655	129	42	profitability	profitability	NOUN
ajfa-16655	129	43	profitability	profitability	NOUN
ajfa-16655	129	44	ratios	ratio	NOUN
ajfa-16655	129	45	consist	consist	VERB
ajfa-16655	129	46	of	of	ADP
ajfa-16655	129	47	a	a	DET
ajfa-16655	129	48	group	group	NOUN
ajfa-16655	129	49	of	of	ADP
ajfa-16655	129	50	metrics	metric	NOUN
ajfa-16655	129	51	that	that	PRON
ajfa-16655	129	52	assess	assess	VERB
ajfa-16655	129	53	a	a	DET
ajfa-16655	129	54	company	company	NOUN
ajfa-16655	129	55	's	's	PART
ajfa-16655	129	56	ability	ability	NOUN
ajfa-16655	129	57	to	to	PART
ajfa-16655	129	58	generate	generate	VERB
ajfa-16655	129	59	revenue	revenue	NOUN
ajfa-16655	129	60	relative	relative	ADJ
ajfa-16655	129	61	to	to	ADP
ajfa-16655	129	62	its	its	PRON
ajfa-16655	129	63	revenue	revenue	NOUN
ajfa-16655	129	64	,	,	PUNCT
ajfa-16655	129	65	operating	operating	NOUN
ajfa-16655	129	66	costs	cost	NOUN
ajfa-16655	129	67	,	,	PUNCT
ajfa-16655	129	68	balance	balance	NOUN
ajfa-16655	129	69	sheet	sheet	NOUN
ajfa-16655	129	70	assets	asset	NOUN
ajfa-16655	129	71	,	,	PUNCT
ajfa-16655	129	72	and	and	CCONJ
ajfa-16655	129	73	shareholders	shareholder	NOUN
ajfa-16655	129	74	'	'	PART
ajfa-16655	129	75	equity	equity	NOUN
ajfa-16655	129	76	.	.	PUNCT
ajfa-16655	130	1	6	6	NUM
ajfa-16655	130	2	debt	debt	NOUN
ajfa-16655	130	3	to	to	ADP
ajfa-16655	130	4	equity	equity	NOUN
ajfa-16655	130	5	ratio	ratio	NOUN
ajfa-16655	130	6	the	the	DET
ajfa-16655	130	7	debt	debt	NOUN
ajfa-16655	130	8	-	-	PUNCT
ajfa-16655	130	9	to	to	ADP
ajfa-16655	130	10	-	-	PUNCT
ajfa-16655	130	11	equity	equity	NOUN
ajfa-16655	130	12	(	(	PUNCT
ajfa-16655	130	13	d	d	NOUN
ajfa-16655	130	14	/	/	SYM
ajfa-16655	130	15	e	e	NOUN
ajfa-16655	130	16	)	)	PUNCT
ajfa-16655	130	17	ratio	ratio	NOUN
ajfa-16655	130	18	is	be	AUX
ajfa-16655	130	19	calculated	calculate	VERB
ajfa-16655	130	20	by	by	ADP
ajfa-16655	130	21	dividing	divide	VERB
ajfa-16655	130	22	a	a	DET
ajfa-16655	130	23	company	company	NOUN
ajfa-16655	130	24	's	's	PART
ajfa-16655	130	25	total	total	ADJ
ajfa-16655	130	26	liabilities	liability	NOUN
ajfa-16655	130	27	by	by	ADP
ajfa-16655	130	28	its	its	PRON
ajfa-16655	130	29	shareholder	shareholder	NOUN
ajfa-16655	130	30	equity	equity	NOUN
ajfa-16655	130	31	.	.	PUNCT
ajfa-16655	131	1	these	these	DET
ajfa-16655	131	2	numbers	number	NOUN
ajfa-16655	131	3	are	be	AUX
ajfa-16655	131	4	available	available	ADJ
ajfa-16655	131	5	on	on	ADP
ajfa-16655	131	6	the	the	DET
ajfa-16655	131	7	balance	balance	NOUN
ajfa-16655	131	8	sheet	sheet	NOUN
ajfa-16655	131	9	of	of	ADP
ajfa-16655	131	10	a	a	DET
ajfa-16655	131	11	company	company	NOUN
ajfa-16655	131	12	's	's	PART
ajfa-16655	131	13	financial	financial	ADJ
ajfa-16655	131	14	statements	statement	NOUN
ajfa-16655	131	15	.	.	PUNCT
ajfa-16655	132	1	the	the	DET
ajfa-16655	132	2	ratio	ratio	NOUN
ajfa-16655	132	3	is	be	AUX
ajfa-16655	132	4	used	use	VERB
ajfa-16655	132	5	to	to	PART
ajfa-16655	132	6	evaluate	evaluate	VERB
ajfa-16655	132	7	a	a	DET
ajfa-16655	132	8	company	company	NOUN
ajfa-16655	132	9	's	's	PART
ajfa-16655	132	10	financial	financial	ADJ
ajfa-16655	132	11	leverage	leverage	NOUN
ajfa-16655	132	12	.	.	PUNCT
ajfa-16655	133	1	7	7	NUM
ajfa-16655	133	2	dividend	dividend	NOUN
ajfa-16655	133	3	payout	payout	NOUN
ajfa-16655	133	4	ratio	ratio	NOUN
ajfa-16655	133	5	the	the	DET
ajfa-16655	133	6	dividend	dividend	NOUN
ajfa-16655	133	7	payout	payout	NOUN
ajfa-16655	133	8	ratio	ratio	NOUN
ajfa-16655	133	9	is	be	AUX
ajfa-16655	133	10	the	the	DET
ajfa-16655	133	11	ratio	ratio	NOUN
ajfa-16655	133	12	of	of	ADP
ajfa-16655	133	13	the	the	DET
ajfa-16655	133	14	total	total	ADJ
ajfa-16655	133	15	amount	amount	NOUN
ajfa-16655	133	16	of	of	ADP
ajfa-16655	133	17	dividends	dividend	NOUN
ajfa-16655	133	18	paid	pay	VERB
ajfa-16655	133	19	out	out	ADP
ajfa-16655	133	20	to	to	ADP
ajfa-16655	133	21	shareholders	shareholder	NOUN
ajfa-16655	133	22	relative	relative	ADJ
ajfa-16655	133	23	to	to	ADP
ajfa-16655	133	24	the	the	DET
ajfa-16655	133	25	net	net	ADJ
ajfa-16655	133	26	income	income	NOUN
ajfa-16655	133	27	of	of	ADP
ajfa-16655	133	28	the	the	DET
ajfa-16655	133	29	company	company	NOUN
ajfa-16655	133	30	.	.	PUNCT
ajfa-16655	134	1	it	it	PRON
ajfa-16655	134	2	is	be	AUX
ajfa-16655	134	3	the	the	DET
ajfa-16655	134	4	percentage	percentage	NOUN
ajfa-16655	134	5	of	of	ADP
ajfa-16655	134	6	earnings	earning	NOUN
ajfa-16655	134	7	paid	pay	VERB
ajfa-16655	134	8	to	to	ADP
ajfa-16655	134	9	shareholders	shareholder	NOUN
ajfa-16655	134	10	in	in	ADP
ajfa-16655	134	11	dividends	dividend	NOUN
ajfa-16655	134	12	.	.	PUNCT
ajfa-16655	135	1	8	8	NUM
ajfa-16655	135	2	price	price	NOUN
ajfa-16655	135	3	earnings	earning	NOUN
ajfa-16655	135	4	ratio	ratio	NOUN
ajfa-16655	135	5	the	the	DET
ajfa-16655	135	6	price	price	NOUN
ajfa-16655	135	7	to	to	ADP
ajfa-16655	135	8	earnings	earning	NOUN
ajfa-16655	135	9	ratio	ratio	NOUN
ajfa-16655	135	10	(	(	PUNCT
ajfa-16655	135	11	pe	pe	NOUN
ajfa-16655	135	12	ratio	ratio	NOUN
ajfa-16655	135	13	)	)	PUNCT
ajfa-16655	135	14	is	be	AUX
ajfa-16655	135	15	the	the	DET
ajfa-16655	135	16	measure	measure	NOUN
ajfa-16655	135	17	of	of	ADP
ajfa-16655	135	18	the	the	DET
ajfa-16655	135	19	share	share	NOUN
ajfa-16655	135	20	price	price	NOUN
ajfa-16655	135	21	relative	relative	ADJ
ajfa-16655	135	22	to	to	ADP
ajfa-16655	135	23	the	the	DET
ajfa-16655	135	24	annual	annual	ADJ
ajfa-16655	135	25	net	net	ADJ
ajfa-16655	135	26	income	income	NOUN
ajfa-16655	135	27	earned	earn	VERB
ajfa-16655	135	28	by	by	ADP
ajfa-16655	135	29	the	the	DET
ajfa-16655	135	30	firm	firm	NOUN
ajfa-16655	135	31	per	per	ADP
ajfa-16655	135	32	share	share	NOUN
ajfa-16655	135	33	.	.	PUNCT
ajfa-16655	136	1	pe	pe	PROPN
ajfa-16655	136	2	ratio	ratio	NOUN
ajfa-16655	136	3	shows	show	VERB
ajfa-16655	136	4	current	current	ADJ
ajfa-16655	136	5	investor	investor	NOUN
ajfa-16655	136	6	demand	demand	NOUN
ajfa-16655	136	7	for	for	ADP
ajfa-16655	136	8	a	a	DET
ajfa-16655	136	9	company	company	NOUN
ajfa-16655	136	10	share	share	VERB
ajfa-16655	136	11	9	9	NUM
ajfa-16655	136	12	price	price	NOUN
ajfa-16655	136	13	to	to	ADP
ajfa-16655	136	14	sales	sale	NOUN
ajfa-16655	136	15	ratio	ratio	NOUN
ajfa-16655	136	16	the	the	DET
ajfa-16655	136	17	price	price	NOUN
ajfa-16655	136	18	-	-	PUNCT
ajfa-16655	136	19	to	to	ADP
ajfa-16655	136	20	-	-	PUNCT
ajfa-16655	136	21	sales	sale	NOUN
ajfa-16655	136	22	ratio	ratio	NOUN
ajfa-16655	136	23	(	(	PUNCT
ajfa-16655	136	24	price	price	NOUN
ajfa-16655	136	25	/	/	SYM
ajfa-16655	136	26	sales	sale	NOUN
ajfa-16655	136	27	or	or	CCONJ
ajfa-16655	136	28	p	p	X
ajfa-16655	136	29	/	/	SYM
ajfa-16655	136	30	s	s	PART
ajfa-16655	136	31	)	)	PUNCT
ajfa-16655	136	32	is	be	AUX
ajfa-16655	136	33	calculated	calculate	VERB
ajfa-16655	136	34	by	by	ADP
ajfa-16655	136	35	taking	take	VERB
ajfa-16655	136	36	a	a	DET
ajfa-16655	136	37	company	company	NOUN
ajfa-16655	136	38	's	's	PART
ajfa-16655	136	39	market	market	NOUN
ajfa-16655	136	40	capitalization	capitalization	NOUN
ajfa-16655	136	41	(	(	PUNCT
ajfa-16655	136	42	the	the	DET
ajfa-16655	136	43	number	number	NOUN
ajfa-16655	136	44	of	of	ADP
ajfa-16655	136	45	outstanding	outstanding	ADJ
ajfa-16655	136	46	shares	share	NOUN
ajfa-16655	136	47	multiplied	multiply	VERB
ajfa-16655	136	48	by	by	ADP
ajfa-16655	136	49	the	the	DET
ajfa-16655	136	50	share	share	NOUN
ajfa-16655	136	51	price	price	NOUN
ajfa-16655	136	52	)	)	PUNCT
ajfa-16655	136	53	and	and	CCONJ
ajfa-16655	136	54	divide	divide	VERB
ajfa-16655	136	55	it	it	PRON
ajfa-16655	136	56	by	by	ADP
ajfa-16655	136	57	the	the	DET
ajfa-16655	136	58	company	company	NOUN
ajfa-16655	136	59	's	's	PART
ajfa-16655	136	60	total	total	ADJ
ajfa-16655	136	61	sales	sale	NOUN
ajfa-16655	136	62	or	or	CCONJ
ajfa-16655	136	63	revenue	revenue	NOUN
ajfa-16655	136	64	over	over	ADP
ajfa-16655	136	65	the	the	DET
ajfa-16655	136	66	past	past	ADJ
ajfa-16655	136	67	12	12	NUM
ajfa-16655	136	68	months	month	NOUN
ajfa-16655	136	69	.	.	PUNCT
ajfa-16655	137	1	10	10	NUM
ajfa-16655	137	2	price	price	NOUN
ajfa-16655	137	3	to	to	ADP
ajfa-16655	137	4	book	book	NOUN
ajfa-16655	137	5	value	value	NOUN
ajfa-16655	137	6	the	the	DET
ajfa-16655	137	7	price	price	NOUN
ajfa-16655	137	8	-	-	PUNCT
ajfa-16655	137	9	to	to	ADP
ajfa-16655	137	10	-	-	PUNCT
ajfa-16655	137	11	book	book	NOUN
ajfa-16655	137	12	,	,	PUNCT
ajfa-16655	137	13	or	or	CCONJ
ajfa-16655	137	14	p	p	NOUN
ajfa-16655	137	15	/	/	SYM
ajfa-16655	137	16	b	b	NOUN
ajfa-16655	137	17	ratio	ratio	NOUN
ajfa-16655	137	18	,	,	PUNCT
ajfa-16655	137	19	is	be	AUX
ajfa-16655	137	20	calculated	calculate	VERB
ajfa-16655	137	21	by	by	ADP
ajfa-16655	137	22	dividing	divide	VERB
ajfa-16655	137	23	a	a	DET
ajfa-16655	137	24	company	company	NOUN
ajfa-16655	137	25	's	's	PART
ajfa-16655	137	26	stock	stock	NOUN
ajfa-16655	137	27	price	price	NOUN
ajfa-16655	137	28	by	by	ADP
ajfa-16655	137	29	its	its	PRON
ajfa-16655	137	30	book	book	NOUN
ajfa-16655	137	31	value	value	NOUN
ajfa-16655	137	32	per	per	ADP
ajfa-16655	137	33	share	share	NOUN
ajfa-16655	137	34	,	,	PUNCT
ajfa-16655	137	35	which	which	PRON
ajfa-16655	137	36	is	be	AUX
ajfa-16655	137	37	defined	define	VERB
ajfa-16655	137	38	as	as	ADP
ajfa-16655	137	39	its	its	PRON
ajfa-16655	137	40	total	total	ADJ
ajfa-16655	137	41	assets	asset	NOUN
ajfa-16655	137	42	minus	minus	ADP
ajfa-16655	137	43	any	any	DET
ajfa-16655	137	44	liabilities	liability	NOUN
ajfa-16655	137	45	asian	asian	ADJ
ajfa-16655	137	46	journal	journal	NOUN
ajfa-16655	137	47	of	of	ADP
ajfa-16655	137	48	finance	finance	PROPN
ajfa-16655	137	49	&	&	CCONJ
ajfa-16655	137	50	accounting	accounting	PROPN
ajfa-16655	137	51	issn	issn	PROPN
ajfa-16655	137	52	1946	1946	NUM
ajfa-16655	137	53	-	-	PUNCT
ajfa-16655	137	54	052x	052x	NOUN
ajfa-16655	137	55	2020	2020	NUM
ajfa-16655	137	56	,	,	PUNCT
ajfa-16655	137	57	vol	vol	NOUN
ajfa-16655	137	58	.	.	PROPN
ajfa-16655	137	59	12	12	NUM
ajfa-16655	137	60	,	,	PUNCT
ajfa-16655	137	61	no	no	INTJ
ajfa-16655	137	62	.	.	NOUN
ajfa-16655	137	63	1	1	NUM
ajfa-16655	137	64	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	137	65	35	35	NUM
ajfa-16655	137	66	3.2	3.2	NUM
ajfa-16655	137	67	independent	independent	ADJ
ajfa-16655	137	68	variable	variable	NOUN
ajfa-16655	137	69	in	in	ADP
ajfa-16655	137	70	this	this	DET
ajfa-16655	137	71	paper	paper	NOUN
ajfa-16655	137	72	data	datum	NOUN
ajfa-16655	137	73	collected	collect	VERB
ajfa-16655	137	74	for	for	ADP
ajfa-16655	137	75	4	4	NUM
ajfa-16655	137	76	years	year	NOUN
ajfa-16655	137	77	(	(	PUNCT
ajfa-16655	137	78	2015	2015	NUM
ajfa-16655	137	79	-	-	SYM
ajfa-16655	137	80	2018	2018	NUM
ajfa-16655	137	81	)	)	PUNCT
ajfa-16655	137	82	from	from	ADP
ajfa-16655	137	83	80	80	NUM
ajfa-16655	137	84	companies	company	NOUN
ajfa-16655	137	85	selected	select	VERB
ajfa-16655	137	86	for	for	ADP
ajfa-16655	137	87	intangible	intangible	ADJ
ajfa-16655	137	88	assets	asset	NOUN
ajfa-16655	137	89	.	.	PUNCT
ajfa-16655	138	1	intangible	intangible	ADJ
ajfa-16655	138	2	assets	asset	NOUN
ajfa-16655	138	3	are	be	AUX
ajfa-16655	138	4	an	an	DET
ajfa-16655	138	5	important	important	ADJ
ajfa-16655	138	6	indicator	indicator	NOUN
ajfa-16655	138	7	and	and	CCONJ
ajfa-16655	138	8	taken	take	VERB
ajfa-16655	138	9	as	as	ADP
ajfa-16655	138	10	an	an	DET
ajfa-16655	138	11	independent	independent	ADJ
ajfa-16655	138	12	variable	variable	NOUN
ajfa-16655	138	13	in	in	ADP
ajfa-16655	138	14	this	this	DET
ajfa-16655	138	15	study	study	NOUN
ajfa-16655	138	16	.	.	PUNCT
ajfa-16655	139	1	intangible	intangible	ADJ
ajfa-16655	139	2	assets	asset	NOUN
ajfa-16655	139	3	are	be	AUX
ajfa-16655	139	4	non	non	ADJ
ajfa-16655	139	5	-	-	ADJ
ajfa-16655	139	6	monetary	monetary	ADJ
ajfa-16655	139	7	assets	asset	NOUN
ajfa-16655	139	8	besides	besides	SCONJ
ajfa-16655	139	9	physical	physical	ADJ
ajfa-16655	139	10	traits	trait	NOUN
ajfa-16655	139	11	that	that	PRON
ajfa-16655	139	12	can	can	AUX
ajfa-16655	139	13	be	be	AUX
ajfa-16655	139	14	identified	identify	VERB
ajfa-16655	139	15	.	.	PUNCT
ajfa-16655	140	1	they	they	PRON
ajfa-16655	140	2	include	include	VERB
ajfa-16655	140	3	of	of	ADP
ajfa-16655	140	4	following	follow	VERB
ajfa-16655	140	5	categories	category	NOUN
ajfa-16655	140	6	of	of	ADP
ajfa-16655	140	7	assets	asset	NOUN
ajfa-16655	140	8	:	:	PUNCT
ajfa-16655	140	9	research	research	NOUN
ajfa-16655	140	10	and	and	CCONJ
ajfa-16655	140	11	development	development	NOUN
ajfa-16655	140	12	,	,	PUNCT
ajfa-16655	140	13	patents	patent	NOUN
ajfa-16655	140	14	,	,	PUNCT
ajfa-16655	140	15	concession	concession	NOUN
ajfa-16655	140	16	rights	right	NOUN
ajfa-16655	140	17	,	,	PUNCT
ajfa-16655	140	18	trademarks	trademark	NOUN
ajfa-16655	140	19	,	,	PUNCT
ajfa-16655	140	20	software	software	NOUN
ajfa-16655	140	21	,	,	PUNCT
ajfa-16655	140	22	permissions	permission	NOUN
ajfa-16655	140	23	for	for	ADP
ajfa-16655	140	24	fishing	fishing	NOUN
ajfa-16655	140	25	,	,	PUNCT
ajfa-16655	140	26	franchisees	franchisee	NOUN
ajfa-16655	140	27	,	,	PUNCT
ajfa-16655	140	28	and	and	CCONJ
ajfa-16655	140	29	other	other	ADJ
ajfa-16655	140	30	rights	right	NOUN
ajfa-16655	140	31	,	,	PUNCT
ajfa-16655	140	32	goodwill	goodwill	NOUN
ajfa-16655	140	33	,	,	PUNCT
ajfa-16655	140	34	boost	boost	VERB
ajfa-16655	140	35	repayments	repayment	NOUN
ajfa-16655	140	36	for	for	ADP
ajfa-16655	140	37	the	the	DET
ajfa-16655	140	38	buy	buy	NOUN
ajfa-16655	140	39	of	of	ADP
ajfa-16655	140	40	intangible	intangible	ADJ
ajfa-16655	140	41	asset	asset	NOUN
ajfa-16655	140	42	and	and	CCONJ
ajfa-16655	140	43	different	different	ADJ
ajfa-16655	140	44	intangible	intangible	ADJ
ajfa-16655	140	45	assets	asset	NOUN
ajfa-16655	140	46	.	.	PUNCT
ajfa-16655	141	1	capitalized	capitalize	VERB
ajfa-16655	141	2	intangible	intangible	ADJ
ajfa-16655	141	3	fixed	fix	VERB
ajfa-16655	141	4	assets	asset	NOUN
ajfa-16655	141	5	and	and	CCONJ
ajfa-16655	141	6	expensed	expense	VERB
ajfa-16655	141	7	r&d	r&d	NOUN
ajfa-16655	141	8	expenses	expense	NOUN
ajfa-16655	141	9	scaled	scale	VERB
ajfa-16655	141	10	by	by	ADP
ajfa-16655	141	11	total	total	ADJ
ajfa-16655	141	12	assets	asset	NOUN
ajfa-16655	141	13	represent	represent	VERB
ajfa-16655	141	14	our	our	PRON
ajfa-16655	141	15	explanatory	explanatory	ADJ
ajfa-16655	141	16	variables	variable	NOUN
ajfa-16655	141	17	whereas	whereas	SCONJ
ajfa-16655	141	18	market	market	NOUN
ajfa-16655	141	19	to	to	ADP
ajfa-16655	141	20	book	book	NOUN
ajfa-16655	141	21	value	value	NOUN
ajfa-16655	141	22	ratio	ratio	NOUN
ajfa-16655	141	23	as	as	ADP
ajfa-16655	141	24	the	the	DET
ajfa-16655	141	25	dependent	dependent	ADJ
ajfa-16655	141	26	variable	variable	NOUN
ajfa-16655	141	27	.	.	PUNCT
ajfa-16655	142	1	intangible	intangible	ADJ
ajfa-16655	142	2	belongings	belonging	NOUN
ajfa-16655	142	3	lack	lack	VERB
ajfa-16655	142	4	bodily	bodily	ADJ
ajfa-16655	142	5	substance	substance	NOUN
ajfa-16655	142	6	and	and	CCONJ
ajfa-16655	142	7	do	do	AUX
ajfa-16655	142	8	not	not	PART
ajfa-16655	142	9	have	have	VERB
ajfa-16655	142	10	a	a	DET
ajfa-16655	142	11	monetary	monetary	ADJ
ajfa-16655	142	12	embodiment	embodiment	NOUN
ajfa-16655	142	13	.	.	PUNCT
ajfa-16655	143	1	the	the	DET
ajfa-16655	143	2	valuation	valuation	NOUN
ajfa-16655	143	3	of	of	ADP
ajfa-16655	143	4	this	this	DET
ajfa-16655	143	5	form	form	NOUN
ajfa-16655	143	6	of	of	ADP
ajfa-16655	143	7	belongings	belonging	NOUN
ajfa-16655	143	8	is	be	AUX
ajfa-16655	143	9	tough	tough	ADJ
ajfa-16655	143	10	and	and	CCONJ
ajfa-16655	143	11	uncertain	uncertain	ADJ
ajfa-16655	143	12	.	.	PUNCT
ajfa-16655	144	1	intangible	intangible	ADJ
ajfa-16655	144	2	property	property	NOUN
ajfa-16655	144	3	commonly	commonly	ADV
ajfa-16655	144	4	relates	relate	VERB
ajfa-16655	144	5	to	to	ADP
ajfa-16655	144	6	improvements	improvement	NOUN
ajfa-16655	144	7	implementation	implementation	NOUN
ajfa-16655	144	8	,	,	PUNCT
ajfa-16655	144	9	technological	technological	ADJ
ajfa-16655	144	10	know	know	NOUN
ajfa-16655	144	11	-	-	PUNCT
ajfa-16655	144	12	how	how	SCONJ
ajfa-16655	144	13	improvement	improvement	NOUN
ajfa-16655	144	14	or	or	CCONJ
ajfa-16655	144	15	advertising	advertising	NOUN
ajfa-16655	144	16	and	and	CCONJ
ajfa-16655	144	17	marketing	marketing	NOUN
ajfa-16655	144	18	activities	activity	NOUN
ajfa-16655	144	19	.	.	PUNCT
ajfa-16655	145	1	the	the	DET
ajfa-16655	145	2	increase	increase	NOUN
ajfa-16655	145	3	in	in	ADP
ajfa-16655	145	4	the	the	DET
ajfa-16655	145	5	quantity	quantity	NOUN
ajfa-16655	145	6	of	of	ADP
ajfa-16655	145	7	company	company	NOUN
ajfa-16655	145	8	intangible	intangible	ADJ
ajfa-16655	145	9	belongings	belonging	NOUN
ajfa-16655	145	10	influences	influence	VERB
ajfa-16655	145	11	the	the	DET
ajfa-16655	145	12	firms	firm	NOUN
ajfa-16655	145	13	’	’	PART
ajfa-16655	145	14	behavior	behavior	NOUN
ajfa-16655	145	15	.	.	PUNCT
ajfa-16655	146	1	one	one	NUM
ajfa-16655	146	2	of	of	ADP
ajfa-16655	146	3	the	the	DET
ajfa-16655	146	4	modern	modern	ADJ
ajfa-16655	146	5	-	-	PUNCT
ajfa-16655	146	6	day	day	NOUN
ajfa-16655	146	7	tendencies	tendency	NOUN
ajfa-16655	146	8	is	be	AUX
ajfa-16655	146	9	that	that	SCONJ
ajfa-16655	146	10	intangible	intangible	ADJ
ajfa-16655	146	11	belongings	belonging	NOUN
ajfa-16655	146	12	emerge	emerge	VERB
ajfa-16655	146	13	as	as	ADP
ajfa-16655	146	14	the	the	DET
ajfa-16655	146	15	foremost	foremost	ADJ
ajfa-16655	146	16	transferring	transferring	NOUN
ajfa-16655	146	17	channel	channel	NOUN
ajfa-16655	146	18	of	of	ADP
ajfa-16655	146	19	income	income	NOUN
ajfa-16655	146	20	shifting	shift	VERB
ajfa-16655	146	21	and	and	CCONJ
ajfa-16655	146	22	switch	switch	VERB
ajfa-16655	146	23	pricing	pricing	NOUN
ajfa-16655	146	24	manipulation	manipulation	NOUN
ajfa-16655	146	25	.	.	PUNCT
ajfa-16655	147	1	the	the	DET
ajfa-16655	147	2	function	function	NOUN
ajfa-16655	147	3	of	of	ADP
ajfa-16655	147	4	intangibility	intangibility	NOUN
ajfa-16655	147	5	is	be	AUX
ajfa-16655	147	6	related	relate	VERB
ajfa-16655	147	7	to	to	ADP
ajfa-16655	147	8	a	a	DET
ajfa-16655	147	9	number	number	NOUN
ajfa-16655	147	10	of	of	ADP
ajfa-16655	147	11	issues	issue	NOUN
ajfa-16655	147	12	of	of	ADP
ajfa-16655	147	13	valuation	valuation	NOUN
ajfa-16655	147	14	of	of	ADP
ajfa-16655	147	15	internally	internally	ADV
ajfa-16655	147	16	generated	generate	VERB
ajfa-16655	147	17	intangible	intangible	ADJ
ajfa-16655	147	18	assets	asset	NOUN
ajfa-16655	147	19	.	.	PUNCT
ajfa-16655	148	1	those	those	PRON
ajfa-16655	148	2	are	be	AUX
ajfa-16655	148	3	divided	divide	VERB
ajfa-16655	148	4	into	into	ADP
ajfa-16655	148	5	two	two	NUM
ajfa-16655	148	6	groups	group	NOUN
ajfa-16655	148	7	:	:	PUNCT
ajfa-16655	148	8	identifiable	identifiable	ADJ
ajfa-16655	148	9	and	and	CCONJ
ajfa-16655	148	10	unidentifiable	unidentifiable	ADJ
ajfa-16655	148	11	intangible	intangible	ADJ
ajfa-16655	148	12	assets	asset	NOUN
ajfa-16655	148	13	.	.	PUNCT
ajfa-16655	149	1	the	the	DET
ajfa-16655	149	2	valuation	valuation	NOUN
ajfa-16655	149	3	of	of	ADP
ajfa-16655	149	4	intangible	intangible	ADJ
ajfa-16655	149	5	belongings	belonging	NOUN
ajfa-16655	149	6	is	be	AUX
ajfa-16655	149	7	particularly	particularly	ADV
ajfa-16655	149	8	necessary	necessary	ADJ
ajfa-16655	149	9	for	for	ADP
ajfa-16655	149	10	the	the	DET
ajfa-16655	149	11	pricing	pricing	NOUN
ajfa-16655	149	12	of	of	ADP
ajfa-16655	149	13	mergers	merger	NOUN
ajfa-16655	149	14	and	and	CCONJ
ajfa-16655	149	15	acquisitions	acquisition	NOUN
ajfa-16655	149	16	.	.	PUNCT
ajfa-16655	150	1	results	result	NOUN
ajfa-16655	150	2	assert	assert	VERB
ajfa-16655	150	3	that	that	SCONJ
ajfa-16655	150	4	there	there	PRON
ajfa-16655	150	5	is	be	VERB
ajfa-16655	150	6	a	a	DET
ajfa-16655	150	7	positive	positive	ADJ
ajfa-16655	150	8	and	and	CCONJ
ajfa-16655	150	9	significant	significant	ADJ
ajfa-16655	150	10	relationship	relationship	NOUN
ajfa-16655	150	11	among	among	ADP
ajfa-16655	150	12	dependent	dependent	ADJ
ajfa-16655	150	13	and	and	CCONJ
ajfa-16655	150	14	independent	independent	ADJ
ajfa-16655	150	15	variables	variable	NOUN
ajfa-16655	150	16	.	.	PUNCT
ajfa-16655	151	1	3.3	3.3	NUM
ajfa-16655	151	2	development	development	NOUN
ajfa-16655	151	3	of	of	ADP
ajfa-16655	151	4	research	research	NOUN
ajfa-16655	151	5	hypothesis	hypothesis	NOUN
ajfa-16655	151	6	according	accord	VERB
ajfa-16655	151	7	to	to	ADP
ajfa-16655	151	8	ias	ias	PROPN
ajfa-16655	151	9	38	38	NUM
ajfa-16655	151	10	,	,	PUNCT
ajfa-16655	151	11	spending	spend	VERB
ajfa-16655	151	12	on	on	ADP
ajfa-16655	151	13	r&d	r&d	NOUN
ajfa-16655	151	14	can	can	AUX
ajfa-16655	151	15	be	be	AUX
ajfa-16655	151	16	counted	count	VERB
ajfa-16655	151	17	as	as	ADP
ajfa-16655	151	18	investment	investment	NOUN
ajfa-16655	151	19	or	or	CCONJ
ajfa-16655	151	20	assets	asset	NOUN
ajfa-16655	151	21	.	.	PUNCT
ajfa-16655	152	1	this	this	DET
ajfa-16655	152	2	option	option	NOUN
ajfa-16655	152	3	will	will	AUX
ajfa-16655	152	4	impact	impact	VERB
ajfa-16655	152	5	financial	financial	ADJ
ajfa-16655	152	6	performance	performance	NOUN
ajfa-16655	152	7	,	,	PUNCT
ajfa-16655	152	8	but	but	CCONJ
ajfa-16655	152	9	it	it	PRON
ajfa-16655	152	10	is	be	AUX
ajfa-16655	152	11	difficult	difficult	ADJ
ajfa-16655	152	12	to	to	PART
ajfa-16655	152	13	estimate	estimate	VERB
ajfa-16655	152	14	the	the	DET
ajfa-16655	152	15	effect	effect	NOUN
ajfa-16655	152	16	because	because	SCONJ
ajfa-16655	152	17	it	it	PRON
ajfa-16655	152	18	raises	raise	VERB
ajfa-16655	152	19	the	the	DET
ajfa-16655	152	20	information	information	NOUN
ajfa-16655	152	21	asymmetry	asymmetry	NOUN
ajfa-16655	152	22	between	between	ADP
ajfa-16655	152	23	shareholders	shareholder	NOUN
ajfa-16655	152	24	and	and	CCONJ
ajfa-16655	152	25	managers	manager	NOUN
ajfa-16655	152	26	.	.	PUNCT
ajfa-16655	153	1	canibano	canibano	PROPN
ajfa-16655	153	2	,	,	PUNCT
ajfa-16655	153	3	garcia	garcia	PROPN
ajfa-16655	153	4	-	-	PUNCT
ajfa-16655	153	5	ayuso	ayuso	PROPN
ajfa-16655	153	6	,	,	PUNCT
ajfa-16655	153	7	and	and	CCONJ
ajfa-16655	153	8	sanchez	sanchez	PROPN
ajfa-16655	153	9	(	(	PUNCT
ajfa-16655	153	10	2000	2000	NUM
ajfa-16655	153	11	)	)	PUNCT
ajfa-16655	153	12	in	in	ADP
ajfa-16655	153	13	lantz	lantz	PROPN
ajfa-16655	153	14	,	,	PUNCT
ajfa-16655	153	15	et	et	PROPN
ajfa-16655	153	16	al	al	PROPN
ajfa-16655	153	17	.	.	PUNCT
ajfa-16655	154	1	(	(	PUNCT
ajfa-16655	154	2	2005	2005	NUM
ajfa-16655	154	3	)	)	PUNCT
ajfa-16655	154	4	show	show	VERB
ajfa-16655	154	5	the	the	DET
ajfa-16655	154	6	presence	presence	NOUN
ajfa-16655	154	7	of	of	ADP
ajfa-16655	154	8	improved	improved	ADJ
ajfa-16655	154	9	returns	return	NOUN
ajfa-16655	154	10	due	due	ADJ
ajfa-16655	154	11	to	to	ADP
ajfa-16655	154	12	increased	increase	VERB
ajfa-16655	154	13	spending	spending	NOUN
ajfa-16655	154	14	on	on	ADP
ajfa-16655	154	15	research	research	NOUN
ajfa-16655	154	16	and	and	CCONJ
ajfa-16655	154	17	development	development	NOUN
ajfa-16655	154	18	,	,	PUNCT
ajfa-16655	154	19	so	so	CCONJ
ajfa-16655	154	20	hypothesis	hypothesis	NOUN
ajfa-16655	154	21	derived	derive	VERB
ajfa-16655	154	22	from	from	ADP
ajfa-16655	154	23	this	this	DET
ajfa-16655	154	24	literature	literature	NOUN
ajfa-16655	154	25	review	review	NOUN
ajfa-16655	154	26	.	.	PUNCT
ajfa-16655	155	1	h1	h1	PROPN
ajfa-16655	155	2	.	.	PUNCT
ajfa-16655	156	1	intangible	intangible	ADJ
ajfa-16655	156	2	asset	asset	NOUN
ajfa-16655	156	3	has	have	VERB
ajfa-16655	156	4	a	a	DET
ajfa-16655	156	5	direct	direct	ADJ
ajfa-16655	156	6	positive	positive	ADJ
ajfa-16655	156	7	impact	impact	NOUN
ajfa-16655	156	8	on	on	ADP
ajfa-16655	156	9	financial	financial	ADJ
ajfa-16655	156	10	performance	performance	NOUN
ajfa-16655	156	11	of	of	ADP
ajfa-16655	156	12	the	the	DET
ajfa-16655	156	13	technology	technology	NOUN
ajfa-16655	156	14	firm	firm	NOUN
ajfa-16655	156	15	h1a	h1a	PROPN
ajfa-16655	156	16	.	.	PUNCT
ajfa-16655	157	1	intangible	intangible	ADJ
ajfa-16655	157	2	assets	asset	NOUN
ajfa-16655	157	3	has	have	VERB
ajfa-16655	157	4	significant	significant	ADJ
ajfa-16655	157	5	effect	effect	NOUN
ajfa-16655	157	6	on	on	ADP
ajfa-16655	157	7	roe	roe	PROPN
ajfa-16655	157	8	.	.	PUNCT
ajfa-16655	158	1	h1b	h1b	PROPN
ajfa-16655	158	2	.	.	PUNCT
ajfa-16655	159	1	intangible	intangible	ADJ
ajfa-16655	159	2	assets	asset	NOUN
ajfa-16655	159	3	has	have	VERB
ajfa-16655	159	4	significant	significant	ADJ
ajfa-16655	159	5	effect	effect	NOUN
ajfa-16655	159	6	on	on	ADP
ajfa-16655	159	7	roa	roa	PROPN
ajfa-16655	159	8	.	.	PUNCT
ajfa-16655	160	1	h1c	h1c	PROPN
ajfa-16655	160	2	.	.	PUNCT
ajfa-16655	161	1	intangible	intangible	ADJ
ajfa-16655	161	2	assets	asset	NOUN
ajfa-16655	161	3	has	have	VERB
ajfa-16655	161	4	significant	significant	ADJ
ajfa-16655	161	5	effect	effect	NOUN
ajfa-16655	161	6	on	on	ADP
ajfa-16655	161	7	roic	roic	ADJ
ajfa-16655	161	8	.	.	PUNCT
ajfa-16655	162	1	h1d	h1d	NOUN
ajfa-16655	162	2	.	.	PUNCT
ajfa-16655	163	1	intangible	intangible	ADJ
ajfa-16655	163	2	assets	asset	NOUN
ajfa-16655	163	3	has	have	VERB
ajfa-16655	163	4	significant	significant	ADJ
ajfa-16655	163	5	effect	effect	NOUN
ajfa-16655	163	6	on	on	ADP
ajfa-16655	163	7	net	net	ADJ
ajfa-16655	163	8	profit	profit	NOUN
ajfa-16655	163	9	margin	margin	NOUN
ajfa-16655	163	10	.	.	PUNCT
ajfa-16655	164	1	h1e	h1e	PROPN
ajfa-16655	164	2	.	.	PUNCT
ajfa-16655	165	1	intangible	intangible	ADJ
ajfa-16655	165	2	assets	asset	NOUN
ajfa-16655	165	3	has	have	VERB
ajfa-16655	165	4	significant	significant	ADJ
ajfa-16655	165	5	effect	effect	NOUN
ajfa-16655	165	6	ato	ato	PROPN
ajfa-16655	165	7	.	.	PUNCT
ajfa-16655	166	1	the	the	DET
ajfa-16655	166	2	theory	theory	NOUN
ajfa-16655	166	3	of	of	ADP
ajfa-16655	166	4	the	the	DET
ajfa-16655	166	5	agency	agency	NOUN
ajfa-16655	166	6	cost	cost	NOUN
ajfa-16655	166	7	(	(	PUNCT
ajfa-16655	166	8	jensen	jensen	PROPN
ajfa-16655	166	9	and	and	CCONJ
ajfa-16655	166	10	meckling	meckling	NOUN
ajfa-16655	166	11	,	,	PUNCT
ajfa-16655	166	12	1976	1976	NUM
ajfa-16655	166	13	)	)	PUNCT
ajfa-16655	166	14	suggests	suggest	VERB
ajfa-16655	166	15	that	that	SCONJ
ajfa-16655	166	16	the	the	DET
ajfa-16655	166	17	expense	expense	NOUN
ajfa-16655	166	18	of	of	ADP
ajfa-16655	166	19	the	the	DET
ajfa-16655	166	20	agency	agency	NOUN
ajfa-16655	166	21	cost	cost	NOUN
ajfa-16655	166	22	influences	influence	VERB
ajfa-16655	166	23	monetary	monetary	ADJ
ajfa-16655	166	24	policy	policy	NOUN
ajfa-16655	166	25	.	.	PUNCT
ajfa-16655	167	1	depending	depend	VERB
ajfa-16655	167	2	on	on	ADP
ajfa-16655	167	3	the	the	DET
ajfa-16655	167	4	unique	unique	ADJ
ajfa-16655	167	5	characteristics	characteristic	NOUN
ajfa-16655	167	6	of	of	ADP
ajfa-16655	167	7	asian	asian	ADJ
ajfa-16655	167	8	journal	journal	NOUN
ajfa-16655	167	9	of	of	ADP
ajfa-16655	167	10	finance	finance	PROPN
ajfa-16655	167	11	&	&	CCONJ
ajfa-16655	167	12	accounting	accounting	PROPN
ajfa-16655	167	13	issn	issn	PROPN
ajfa-16655	167	14	1946	1946	NUM
ajfa-16655	167	15	-	-	PUNCT
ajfa-16655	167	16	052x	052x	NOUN
ajfa-16655	167	17	2020	2020	NUM
ajfa-16655	167	18	,	,	PUNCT
ajfa-16655	167	19	vol	vol	NOUN
ajfa-16655	167	20	.	.	PROPN
ajfa-16655	167	21	12	12	NUM
ajfa-16655	167	22	,	,	PUNCT
ajfa-16655	167	23	no	no	INTJ
ajfa-16655	167	24	.	.	NOUN
ajfa-16655	167	25	1	1	NUM
ajfa-16655	167	26	ajfa.macrothink.org/	ajfa.macrothink.org/	VERB
ajfa-16655	167	27	36	36	NUM
ajfa-16655	167	28	intangible	intangible	ADJ
ajfa-16655	167	29	assets	asset	NOUN
ajfa-16655	167	30	,	,	PUNCT
ajfa-16655	167	31	in	in	ADP
ajfa-16655	167	32	organizations	organization	NOUN
ajfa-16655	167	33	with	with	ADP
ajfa-16655	167	34	concentrated	concentrated	ADJ
ajfa-16655	167	35	intangible	intangible	ADJ
ajfa-16655	167	36	assets	asset	NOUN
ajfa-16655	167	37	,	,	PUNCT
ajfa-16655	167	38	the	the	DET
ajfa-16655	167	39	expense	expense	NOUN
ajfa-16655	167	40	of	of	ADP
ajfa-16655	167	41	the	the	DET
ajfa-16655	167	42	business	business	NOUN
ajfa-16655	167	43	is	be	AUX
ajfa-16655	167	44	projected	project	VERB
ajfa-16655	167	45	to	to	PART
ajfa-16655	167	46	be	be	AUX
ajfa-16655	167	47	higher	high	ADJ
ajfa-16655	167	48	.	.	PUNCT
ajfa-16655	168	1	intangible	intangible	ADJ
ajfa-16655	168	2	assets	asset	NOUN
ajfa-16655	168	3	would	would	AUX
ajfa-16655	168	4	increase	increase	VERB
ajfa-16655	168	5	the	the	DET
ajfa-16655	168	6	cost	cost	NOUN
ajfa-16655	168	7	of	of	ADP
ajfa-16655	168	8	the	the	DET
ajfa-16655	168	9	business	business	NOUN
ajfa-16655	168	10	to	to	ADP
ajfa-16655	168	11	shareholders	shareholder	NOUN
ajfa-16655	168	12	(	(	PUNCT
ajfa-16655	168	13	due	due	ADP
ajfa-16655	168	14	to	to	ADP
ajfa-16655	168	15	more	more	ADJ
ajfa-16655	168	16	details	detail	NOUN
ajfa-16655	168	17	and	and	CCONJ
ajfa-16655	168	18	secret	secret	ADJ
ajfa-16655	168	19	action	action	NOUN
ajfa-16655	168	20	)	)	PUNCT
ajfa-16655	168	21	,	,	PUNCT
ajfa-16655	168	22	including	include	VERB
ajfa-16655	168	23	the	the	DET
ajfa-16655	168	24	cost	cost	NOUN
ajfa-16655	168	25	of	of	ADP
ajfa-16655	168	26	the	the	DET
ajfa-16655	168	27	debtor	debtor	NOUN
ajfa-16655	168	28	agency	agency	NOUN
ajfa-16655	168	29	(	(	PUNCT
ajfa-16655	168	30	asset	asset	NOUN
ajfa-16655	168	31	substitution	substitution	NOUN
ajfa-16655	168	32	and	and	CCONJ
ajfa-16655	168	33	underinvestment	underinvestment	ADJ
ajfa-16655	168	34	problem	problem	NOUN
ajfa-16655	168	35	)	)	PUNCT
ajfa-16655	169	1	so	so	CCONJ
ajfa-16655	169	2	the	the	DET
ajfa-16655	169	3	second	second	ADJ
ajfa-16655	169	4	testing	testing	NOUN
ajfa-16655	169	5	hypothesis	hypothesis	NOUN
ajfa-16655	169	6	derived	derive	VERB
ajfa-16655	169	7	from	from	ADP
ajfa-16655	169	8	this	this	DET
ajfa-16655	169	9	theory	theory	NOUN
ajfa-16655	169	10	.	.	PUNCT
ajfa-16655	170	1	h2	h2	NOUN
ajfa-16655	170	2	.	.	PUNCT
ajfa-16655	171	1	intangible	intangible	ADJ
ajfa-16655	171	2	asset	asset	NOUN
ajfa-16655	171	3	has	have	VERB
ajfa-16655	171	4	a	a	DET
ajfa-16655	171	5	direct	direct	ADJ
ajfa-16655	171	6	positive	positive	ADJ
ajfa-16655	171	7	impact	impact	NOUN
ajfa-16655	171	8	on	on	ADP
ajfa-16655	171	9	financial	financial	ADJ
ajfa-16655	171	10	policy	policy	NOUN
ajfa-16655	171	11	of	of	ADP
ajfa-16655	171	12	technology	technology	NOUN
ajfa-16655	171	13	firm	firm	ADJ
ajfa-16655	171	14	h2a	h2a	NOUN
ajfa-16655	171	15	.	.	PUNCT
ajfa-16655	172	1	intangible	intangible	ADJ
ajfa-16655	172	2	assets	asset	NOUN
ajfa-16655	172	3	affect	affect	VERB
ajfa-16655	172	4	debt	debt	NOUN
ajfa-16655	172	5	policy	policy	NOUN
ajfa-16655	172	6	.	.	PUNCT
ajfa-16655	173	1	h2b	h2b	PROPN
ajfa-16655	173	2	.	.	PUNCT
ajfa-16655	174	1	intangible	intangible	ADJ
ajfa-16655	174	2	assets	asset	NOUN
ajfa-16655	174	3	affect	affect	VERB
ajfa-16655	174	4	the	the	DET
ajfa-16655	174	5	dividend	dividend	NOUN
ajfa-16655	174	6	policy	policy	NOUN
ajfa-16655	174	7	.	.	PUNCT
ajfa-16655	175	1	agrawal	agrawal	PROPN
ajfa-16655	175	2	and	and	CCONJ
ajfa-16655	175	3	knoeber	knoeber	NOUN
ajfa-16655	175	4	(	(	PUNCT
ajfa-16655	175	5	1996	1996	NUM
ajfa-16655	175	6	)	)	PUNCT
ajfa-16655	175	7	result	result	VERB
ajfa-16655	175	8	in	in	ADP
ajfa-16655	175	9	a	a	DET
ajfa-16655	175	10	positive	positive	ADJ
ajfa-16655	175	11	and	and	CCONJ
ajfa-16655	175	12	important	important	ADJ
ajfa-16655	175	13	connection	connection	NOUN
ajfa-16655	175	14	of	of	ADP
ajfa-16655	175	15	intangible	intangible	ADJ
ajfa-16655	175	16	investment	investment	NOUN
ajfa-16655	175	17	to	to	ADP
ajfa-16655	175	18	the	the	DET
ajfa-16655	175	19	market	market	NOUN
ajfa-16655	175	20	value	value	NOUN
ajfa-16655	175	21	of	of	ADP
ajfa-16655	175	22	the	the	DET
ajfa-16655	175	23	company	company	NOUN
ajfa-16655	175	24	.	.	PUNCT
ajfa-16655	176	1	and	and	CCONJ
ajfa-16655	176	2	so	so	ADV
ajfa-16655	176	3	,	,	PUNCT
ajfa-16655	176	4	in	in	ADP
ajfa-16655	176	5	her	her	PRON
ajfa-16655	176	6	research	research	NOUN
ajfa-16655	176	7	,	,	PUNCT
ajfa-16655	176	8	connolly	connolly	PROPN
ajfa-16655	176	9	and	and	CCONJ
ajfa-16655	176	10	hirschey	hirschey	PROPN
ajfa-16655	176	11	's	's	PART
ajfa-16655	176	12	(	(	PUNCT
ajfa-16655	176	13	1984	1984	NUM
ajfa-16655	176	14	)	)	PUNCT
ajfa-16655	176	15	show	show	VERB
ajfa-16655	176	16	a	a	DET
ajfa-16655	176	17	positive	positive	ADJ
ajfa-16655	176	18	correlation	correlation	NOUN
ajfa-16655	176	19	between	between	ADP
ajfa-16655	176	20	intangible	intangible	ADJ
ajfa-16655	176	21	spending	spending	NOUN
ajfa-16655	176	22	and	and	CCONJ
ajfa-16655	176	23	firm	firm	ADJ
ajfa-16655	176	24	interest	interest	NOUN
ajfa-16655	176	25	.	.	PUNCT
ajfa-16655	177	1	erawati	erawati	PROPN
ajfa-16655	177	2	and	and	CCONJ
ajfa-16655	177	3	sudana	sudana	PROPN
ajfa-16655	177	4	(	(	PUNCT
ajfa-16655	177	5	2005	2005	NUM
ajfa-16655	177	6	)	)	PUNCT
ajfa-16655	177	7	suggested	suggest	VERB
ajfa-16655	177	8	the	the	DET
ajfa-16655	177	9	idea	idea	NOUN
ajfa-16655	177	10	that	that	SCONJ
ajfa-16655	177	11	,	,	PUNCT
ajfa-16655	177	12	together	together	ADV
ajfa-16655	177	13	with	with	ADP
ajfa-16655	177	14	the	the	DET
ajfa-16655	177	15	tangible	tangible	ADJ
ajfa-16655	177	16	assets	asset	NOUN
ajfa-16655	177	17	,	,	PUNCT
ajfa-16655	177	18	intangible	intangible	ADJ
ajfa-16655	177	19	assets	asset	NOUN
ajfa-16655	177	20	are	be	AUX
ajfa-16655	177	21	one	one	NUM
ajfa-16655	177	22	category	category	NOUN
ajfa-16655	177	23	that	that	PRON
ajfa-16655	177	24	:	:	PUNCT
ajfa-16655	177	25	(	(	PUNCT
ajfa-16655	177	26	1	1	X
ajfa-16655	177	27	)	)	PUNCT
ajfa-16655	177	28	assess	assess	VERB
ajfa-16655	177	29	the	the	DET
ajfa-16655	177	30	company	company	NOUN
ajfa-16655	177	31	's	's	PART
ajfa-16655	177	32	value	value	NOUN
ajfa-16655	177	33	and	and	CCONJ
ajfa-16655	177	34	(	(	PUNCT
ajfa-16655	177	35	2	2	X
ajfa-16655	177	36	)	)	PUNCT
ajfa-16655	177	37	influence	influence	NOUN
ajfa-16655	177	38	the	the	DET
ajfa-16655	177	39	financial	financial	ADJ
ajfa-16655	177	40	performance	performance	NOUN
ajfa-16655	177	41	of	of	ADP
ajfa-16655	177	42	the	the	DET
ajfa-16655	177	43	company	company	NOUN
ajfa-16655	177	44	.	.	PUNCT
ajfa-16655	178	1	h3	h3	NOUN
ajfa-16655	178	2	.	.	PUNCT
ajfa-16655	179	1	intangible	intangible	ADJ
ajfa-16655	179	2	asset	asset	NOUN
ajfa-16655	179	3	has	have	VERB
ajfa-16655	179	4	a	a	DET
ajfa-16655	179	5	direct	direct	ADJ
ajfa-16655	179	6	positive	positive	ADJ
ajfa-16655	179	7	impact	impact	NOUN
ajfa-16655	179	8	on	on	ADP
ajfa-16655	179	9	market	market	NOUN
ajfa-16655	179	10	value	value	NOUN
ajfa-16655	179	11	of	of	ADP
ajfa-16655	179	12	technology	technology	NOUN
ajfa-16655	179	13	firm	firm	NOUN
ajfa-16655	179	14	.	.	PUNCT
ajfa-16655	180	1	h3a	h3a	NOUN
ajfa-16655	180	2	.	.	PUNCT
ajfa-16655	180	3	intangible	intangible	ADJ
ajfa-16655	180	4	assets	asset	NOUN
ajfa-16655	180	5	has	have	VERB
ajfa-16655	180	6	significant	significant	ADJ
ajfa-16655	180	7	effect	effect	NOUN
ajfa-16655	180	8	on	on	ADP
ajfa-16655	180	9	p	p	PROPN
ajfa-16655	180	10	/	/	SYM
ajfa-16655	180	11	e.	e.	PROPN
ajfa-16655	180	12	h3b	h3b	PROPN
ajfa-16655	180	13	.	.	PUNCT
ajfa-16655	181	1	intangible	intangible	ADJ
ajfa-16655	181	2	assets	asset	NOUN
ajfa-16655	181	3	has	have	VERB
ajfa-16655	181	4	significant	significant	ADJ
ajfa-16655	181	5	effect	effect	NOUN
ajfa-16655	181	6	on	on	ADP
ajfa-16655	181	7	p	p	X
ajfa-16655	181	8	/	/	SYM
ajfa-16655	181	9	book	book	NOUN
ajfa-16655	181	10	value	value	NOUN
ajfa-16655	181	11	.	.	PUNCT
ajfa-16655	182	1	h3c	h3c	X
ajfa-16655	182	2	.	.	PUNCT
ajfa-16655	183	1	intangible	intangible	ADJ
ajfa-16655	183	2	assets	asset	NOUN
ajfa-16655	183	3	has	have	VERB
ajfa-16655	183	4	significant	significant	ADJ
ajfa-16655	183	5	effect	effect	NOUN
ajfa-16655	183	6	on	on	ADP
ajfa-16655	183	7	p	p	X
ajfa-16655	183	8	/	/	SYM
ajfa-16655	183	9	sales	sale	NOUN
ajfa-16655	183	10	.	.	PUNCT
ajfa-16655	184	1	by	by	ADP
ajfa-16655	184	2	testing	test	VERB
ajfa-16655	184	3	the	the	DET
ajfa-16655	184	4	h4	h4	NOUN
ajfa-16655	184	5	,	,	PUNCT
ajfa-16655	184	6	we	we	PRON
ajfa-16655	184	7	can	can	AUX
ajfa-16655	184	8	determine	determine	VERB
ajfa-16655	184	9	that	that	SCONJ
ajfa-16655	184	10	if	if	SCONJ
ajfa-16655	184	11	there	there	PRON
ajfa-16655	184	12	is	be	VERB
ajfa-16655	184	13	significant	significant	ADJ
ajfa-16655	184	14	differences	difference	NOUN
ajfa-16655	184	15	occur	occur	VERB
ajfa-16655	184	16	in	in	ADP
ajfa-16655	184	17	the	the	DET
ajfa-16655	184	18	sector	sector	NOUN
ajfa-16655	184	19	of	of	ADP
ajfa-16655	184	20	the	the	DET
ajfa-16655	184	21	technological	technological	ADJ
ajfa-16655	184	22	firm	firm	NOUN
ajfa-16655	184	23	or	or	CCONJ
ajfa-16655	184	24	not	not	PART
ajfa-16655	184	25	that	that	PRON
ajfa-16655	184	26	is	be	AUX
ajfa-16655	184	27	(	(	PUNCT
ajfa-16655	184	28	manufacturing	manufacturing	NOUN
ajfa-16655	184	29	&	&	CCONJ
ajfa-16655	184	30	service	service	NOUN
ajfa-16655	184	31	)	)	PUNCT
ajfa-16655	184	32	because	because	SCONJ
ajfa-16655	184	33	in	in	ADP
ajfa-16655	184	34	some	some	DET
ajfa-16655	184	35	papers	paper	NOUN
ajfa-16655	184	36	such	such	ADJ
ajfa-16655	184	37	as	as	ADP
ajfa-16655	184	38	miyagawa	miyagawa	PROPN
ajfa-16655	184	39	(	(	PUNCT
ajfa-16655	184	40	2015	2015	NUM
ajfa-16655	184	41	)	)	PUNCT
ajfa-16655	184	42	investigate	investigate	VERB
ajfa-16655	184	43	and	and	CCONJ
ajfa-16655	184	44	proposed	propose	VERB
ajfa-16655	184	45	that	that	SCONJ
ajfa-16655	184	46	service	service	NOUN
ajfa-16655	184	47	sector	sector	NOUN
ajfa-16655	184	48	rely	rely	VERB
ajfa-16655	184	49	more	more	ADV
ajfa-16655	184	50	on	on	ADP
ajfa-16655	184	51	intangible	intangible	ADJ
ajfa-16655	184	52	assets	asset	NOUN
ajfa-16655	184	53	than	than	ADP
ajfa-16655	184	54	manufacturing	manufacture	VERB
ajfa-16655	184	55	so	so	CCONJ
ajfa-16655	184	56	we	we	PRON
ajfa-16655	184	57	tested	test	VERB
ajfa-16655	184	58	this	this	PRON
ajfa-16655	184	59	among	among	ADP
ajfa-16655	184	60	global	global	ADJ
ajfa-16655	184	61	technology	technology	NOUN
ajfa-16655	184	62	firms	firm	NOUN
ajfa-16655	184	63	h4	h4	PROPN
ajfa-16655	184	64	.	.	PUNCT
ajfa-16655	185	1	the	the	DET
ajfa-16655	185	2	contribution	contribution	NOUN
ajfa-16655	185	3	of	of	ADP
ajfa-16655	185	4	intangible	intangible	ADJ
ajfa-16655	185	5	assets	asset	NOUN
ajfa-16655	185	6	to	to	ADP
ajfa-16655	185	7	a	a	DET
ajfa-16655	185	8	company	company	NOUN
ajfa-16655	185	9	’s	’s	PART
ajfa-16655	185	10	financial	financial	ADJ
ajfa-16655	185	11	performance	performance	NOUN
ajfa-16655	185	12	,	,	PUNCT
ajfa-16655	185	13	financial	financial	ADJ
ajfa-16655	185	14	policies	policy	NOUN
ajfa-16655	185	15	&	&	CCONJ
ajfa-16655	185	16	market	market	NOUN
ajfa-16655	185	17	value	value	NOUN
ajfa-16655	185	18	will	will	AUX
ajfa-16655	185	19	not	not	PART
ajfa-16655	185	20	be	be	AUX
ajfa-16655	185	21	significantly	significantly	ADV
ajfa-16655	185	22	different	different	ADJ
ajfa-16655	185	23	among	among	ADP
ajfa-16655	185	24	the	the	DET
ajfa-16655	185	25	global	global	ADJ
ajfa-16655	185	26	technological	technological	ADJ
ajfa-16655	185	27	subsector	subsector	NOUN
ajfa-16655	185	28	.	.	PUNCT
ajfa-16655	186	1	hypothesis	hypothesis	NOUN
ajfa-16655	186	2	5	5	NUM
ajfa-16655	186	3	is	be	AUX
ajfa-16655	186	4	used	use	VERB
ajfa-16655	186	5	to	to	PART
ajfa-16655	186	6	test	test	VERB
ajfa-16655	186	7	that	that	SCONJ
ajfa-16655	186	8	if	if	SCONJ
ajfa-16655	186	9	result	result	NOUN
ajfa-16655	186	10	varies	vary	VERB
ajfa-16655	186	11	from	from	ADP
ajfa-16655	186	12	country	country	NOUN
ajfa-16655	186	13	to	to	ADP
ajfa-16655	186	14	country	country	NOUN
ajfa-16655	186	15	or	or	CCONJ
ajfa-16655	186	16	not	not	PART
ajfa-16655	186	17	because	because	SCONJ
ajfa-16655	186	18	in	in	ADP
ajfa-16655	186	19	most	most	ADJ
ajfa-16655	186	20	countries	country	NOUN
ajfa-16655	186	21	this	this	PRON
ajfa-16655	186	22	is	be	AUX
ajfa-16655	186	23	not	not	PART
ajfa-16655	186	24	reported	report	VERB
ajfa-16655	186	25	due	due	ADP
ajfa-16655	186	26	to	to	ADP
ajfa-16655	186	27	the	the	DET
ajfa-16655	186	28	lack	lack	NOUN
ajfa-16655	186	29	of	of	ADP
ajfa-16655	186	30	ability	ability	NOUN
ajfa-16655	186	31	of	of	ADP
ajfa-16655	186	32	the	the	DET
ajfa-16655	186	33	accounting	accounting	NOUN
ajfa-16655	186	34	standards	standard	NOUN
ajfa-16655	186	35	issued	issue	VERB
ajfa-16655	186	36	to	to	ADP
ajfa-16655	186	37	date	date	NOUN
ajfa-16655	186	38	.	.	PUNCT
ajfa-16655	187	1	intangibles	intangible	NOUN
ajfa-16655	187	2	are	be	AUX
ajfa-16655	187	3	among	among	ADP
ajfa-16655	187	4	the	the	DET
ajfa-16655	187	5	fundamental	fundamental	ADJ
ajfa-16655	187	6	determinant	determinant	NOUN
ajfa-16655	187	7	of	of	ADP
ajfa-16655	187	8	the	the	DET
ajfa-16655	187	9	value	value	NOUN
ajfa-16655	187	10	of	of	ADP
ajfa-16655	187	11	business	business	NOUN
ajfa-16655	187	12	enterprises	enterprise	NOUN
ajfa-16655	187	13	.	.	PUNCT
ajfa-16655	188	1	currently	currently	ADV
ajfa-16655	188	2	,	,	PUNCT
ajfa-16655	188	3	most	most	ADJ
ajfa-16655	188	4	of	of	ADP
ajfa-16655	188	5	the	the	DET
ajfa-16655	188	6	intangibles	intangible	NOUN
ajfa-16655	188	7	are	be	AUX
ajfa-16655	188	8	only	only	ADV
ajfa-16655	188	9	revealed	reveal	VERB
ajfa-16655	188	10	indirectly	indirectly	ADV
ajfa-16655	188	11	by	by	ADP
ajfa-16655	188	12	incremental	incremental	ADJ
ajfa-16655	188	13	economic	economic	ADJ
ajfa-16655	188	14	performance	performance	NOUN
ajfa-16655	188	15	(	(	PUNCT
ajfa-16655	188	16	mortensen	mortensen	PROPN
ajfa-16655	188	17	,	,	PUNCT
ajfa-16655	188	18	eustace	eustace	PROPN
ajfa-16655	188	19	and	and	CCONJ
ajfa-16655	188	20	lannoo	lannoo	VERB
ajfa-16655	188	21	,	,	PUNCT
ajfa-16655	188	22	1997	1997	NUM
ajfa-16655	188	23	)	)	PUNCT
ajfa-16655	188	24	.	.	PUNCT
ajfa-16655	189	1	h5	h5	PROPN
ajfa-16655	189	2	:	:	PUNCT
ajfa-16655	189	3	the	the	DET
ajfa-16655	189	4	contribution	contribution	NOUN
ajfa-16655	189	5	of	of	ADP
ajfa-16655	189	6	intangible	intangible	ADJ
ajfa-16655	189	7	assets	asset	NOUN
ajfa-16655	189	8	to	to	ADP
ajfa-16655	189	9	the	the	DET
ajfa-16655	189	10	company	company	NOUN
ajfa-16655	189	11	’s	’s	PART
ajfa-16655	189	12	financial	financial	ADJ
ajfa-16655	189	13	performance	performance	NOUN
ajfa-16655	189	14	,	,	PUNCT
ajfa-16655	189	15	financial	financial	ADJ
ajfa-16655	189	16	policy	policy	NOUN
ajfa-16655	189	17	,	,	PUNCT
ajfa-16655	189	18	and	and	CCONJ
ajfa-16655	189	19	market	market	NOUN
ajfa-16655	189	20	value	value	NOUN
ajfa-16655	189	21	will	will	AUX
ajfa-16655	189	22	not	not	PART
ajfa-16655	189	23	be	be	AUX
ajfa-16655	189	24	significantly	significantly	ADV
ajfa-16655	189	25	different	different	ADJ
ajfa-16655	189	26	among	among	ADP
ajfa-16655	189	27	different	different	ADJ
ajfa-16655	189	28	country	country	NOUN
ajfa-16655	189	29	’s	’s	PART
ajfa-16655	189	30	groups	group	NOUN
ajfa-16655	189	31	.	.	PUNCT
ajfa-16655	190	1	3.4	3.4	NUM
ajfa-16655	190	2	model	model	NOUN
ajfa-16655	190	3	evaluation	evaluation	NOUN
ajfa-16655	190	4	the	the	DET
ajfa-16655	190	5	model	model	NOUN
ajfa-16655	190	6	developed	develop	VERB
ajfa-16655	190	7	in	in	ADP
ajfa-16655	190	8	this	this	DET
ajfa-16655	190	9	study	study	NOUN
ajfa-16655	190	10	examines	examine	VERB
ajfa-16655	190	11	the	the	DET
ajfa-16655	190	12	inter	inter	NOUN
ajfa-16655	190	13	-	-	NOUN
ajfa-16655	190	14	relationship	relationship	NOUN
ajfa-16655	190	15	between	between	ADP
ajfa-16655	190	16	intangible	intangible	ADJ
ajfa-16655	190	17	assets	asset	NOUN
ajfa-16655	190	18	,	,	PUNCT
ajfa-16655	190	19	financial	financial	ADJ
ajfa-16655	190	20	performance	performance	NOUN
ajfa-16655	190	21	(	(	PUNCT
ajfa-16655	190	22	profitability	profitability	NOUN
ajfa-16655	190	23	,	,	PUNCT
ajfa-16655	190	24	roa	roa	PROPN
ajfa-16655	190	25	,	,	PUNCT
ajfa-16655	190	26	ato	ato	PROPN
ajfa-16655	190	27	,	,	PUNCT
ajfa-16655	190	28	roe	roe	NOUN
ajfa-16655	190	29	,	,	PUNCT
ajfa-16655	190	30	roic	roic	ADJ
ajfa-16655	190	31	)	)	PUNCT
ajfa-16655	190	32	,	,	PUNCT
ajfa-16655	190	33	financial	financial	ADJ
ajfa-16655	190	34	policy	policy	NOUN
ajfa-16655	190	35	(	(	PUNCT
ajfa-16655	190	36	debt	debt	NOUN
ajfa-16655	190	37	policy	policy	NOUN
ajfa-16655	190	38	and	and	CCONJ
ajfa-16655	190	39	dividend	dividend	NOUN
ajfa-16655	190	40	policy	policy	NOUN
ajfa-16655	190	41	)	)	PUNCT
ajfa-16655	190	42	,	,	PUNCT
ajfa-16655	190	43	and	and	CCONJ
ajfa-16655	190	44	firm	firm	ADJ
ajfa-16655	190	45	value	value	NOUN
ajfa-16655	190	46	(	(	PUNCT
ajfa-16655	190	47	p	p	X
ajfa-16655	190	48	/	/	SYM
ajfa-16655	190	49	e	e	NOUN
ajfa-16655	190	50	,	,	PUNCT
ajfa-16655	190	51	p	p	NOUN
ajfa-16655	190	52	/	/	SYM
ajfa-16655	190	53	book	book	NOUN
ajfa-16655	190	54	value	value	NOUN
ajfa-16655	190	55	,	,	PUNCT
ajfa-16655	190	56	and	and	CCONJ
ajfa-16655	190	57	p	p	X
ajfa-16655	190	58	/	/	SYM
ajfa-16655	190	59	sales	sale	NOUN
ajfa-16655	190	60	)	)	PUNCT
ajfa-16655	190	61	.	.	PUNCT
ajfa-16655	191	1	the	the	DET
ajfa-16655	191	2	pls	pls	PROPN
ajfa-16655	191	3	model	model	NOUN
ajfa-16655	191	4	is	be	AUX
ajfa-16655	191	5	asian	asian	ADJ
ajfa-16655	191	6	journal	journal	NOUN
ajfa-16655	191	7	of	of	ADP
ajfa-16655	191	8	finance	finance	PROPN
ajfa-16655	191	9	&	&	CCONJ
ajfa-16655	191	10	accounting	accounting	PROPN
ajfa-16655	191	11	issn	issn	PROPN
ajfa-16655	191	12	1946	1946	NUM
ajfa-16655	191	13	-	-	PUNCT
ajfa-16655	191	14	052x	052x	NOUN
ajfa-16655	191	15	2020	2020	NUM
ajfa-16655	191	16	,	,	PUNCT
ajfa-16655	191	17	vol	vol	NOUN
ajfa-16655	191	18	.	.	PROPN
ajfa-16655	191	19	12	12	NUM
ajfa-16655	191	20	,	,	PUNCT
ajfa-16655	191	21	no	no	INTJ
ajfa-16655	191	22	.	.	NOUN
ajfa-16655	191	23	1	1	NUM
ajfa-16655	191	24	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	191	25	37	37	NUM
ajfa-16655	191	26	shown	show	VERB
ajfa-16655	191	27	in	in	ADP
ajfa-16655	191	28	figure	figure	NOUN
ajfa-16655	191	29	1	1	NUM
ajfa-16655	191	30	.	.	PUNCT
ajfa-16655	191	31	figure	figure	NOUN
ajfa-16655	191	32	1	1	NUM
ajfa-16655	191	33	.	.	PUNCT
ajfa-16655	191	34	model	model	NOUN
ajfa-16655	191	35	of	of	ADP
ajfa-16655	191	36	the	the	DET
ajfa-16655	191	37	study	study	NOUN
ajfa-16655	191	38	4	4	NUM
ajfa-16655	191	39	.	.	PUNCT
ajfa-16655	191	40	methodology	methodology	NOUN
ajfa-16655	191	41	4.1	4.1	NUM
ajfa-16655	191	42	sample	sample	NOUN
ajfa-16655	191	43	the	the	DET
ajfa-16655	191	44	sample	sample	NOUN
ajfa-16655	191	45	of	of	ADP
ajfa-16655	191	46	the	the	DET
ajfa-16655	191	47	study	study	NOUN
ajfa-16655	191	48	included	include	VERB
ajfa-16655	191	49	globally	globally	ADV
ajfa-16655	191	50	technological	technological	ADJ
ajfa-16655	191	51	sector	sector	NOUN
ajfa-16655	191	52	companies	company	NOUN
ajfa-16655	191	53	of	of	ADP
ajfa-16655	191	54	high	high	ADJ
ajfa-16655	191	55	market	market	NOUN
ajfa-16655	191	56	capitalization	capitalization	NOUN
ajfa-16655	191	57	in	in	ADP
ajfa-16655	191	58	their	their	PRON
ajfa-16655	191	59	respective	respective	ADJ
ajfa-16655	191	60	country	country	NOUN
ajfa-16655	191	61	.	.	PUNCT
ajfa-16655	192	1	the	the	DET
ajfa-16655	192	2	sample	sample	NOUN
ajfa-16655	192	3	was	be	AUX
ajfa-16655	192	4	restricted	restrict	VERB
ajfa-16655	192	5	only	only	ADV
ajfa-16655	192	6	to	to	ADP
ajfa-16655	192	7	companies	company	NOUN
ajfa-16655	192	8	that	that	PRON
ajfa-16655	192	9	reported	report	VERB
ajfa-16655	192	10	financial	financial	ADJ
ajfa-16655	192	11	information	information	NOUN
ajfa-16655	192	12	about	about	ADP
ajfa-16655	192	13	intangible	intangible	ADJ
ajfa-16655	192	14	assets	asset	NOUN
ajfa-16655	192	15	in	in	ADP
ajfa-16655	192	16	their	their	PRON
ajfa-16655	192	17	balance	balance	NOUN
ajfa-16655	192	18	sheet	sheet	NOUN
ajfa-16655	192	19	or	or	CCONJ
ajfa-16655	192	20	annual	annual	ADJ
ajfa-16655	192	21	reports	report	NOUN
ajfa-16655	192	22	for	for	ADP
ajfa-16655	192	23	the	the	DET
ajfa-16655	192	24	years	year	NOUN
ajfa-16655	192	25	2015	2015	NUM
ajfa-16655	192	26	-	-	SYM
ajfa-16655	192	27	2018	2018	NUM
ajfa-16655	192	28	due	due	ADP
ajfa-16655	192	29	to	to	ADP
ajfa-16655	192	30	availability	availability	NOUN
ajfa-16655	192	31	these	these	DET
ajfa-16655	192	32	years	year	NOUN
ajfa-16655	192	33	’	'	PUNCT
ajfa-16655	192	34	data	datum	NOUN
ajfa-16655	192	35	on	on	ADP
ajfa-16655	192	36	the	the	DET
ajfa-16655	192	37	company	company	NOUN
ajfa-16655	192	38	’s	’s	PART
ajfa-16655	192	39	websites	website	NOUN
ajfa-16655	192	40	.	.	PUNCT
ajfa-16655	193	1	the	the	DET
ajfa-16655	193	2	number	number	NOUN
ajfa-16655	193	3	of	of	ADP
ajfa-16655	193	4	companies	company	NOUN
ajfa-16655	193	5	included	include	VERB
ajfa-16655	193	6	in	in	ADP
ajfa-16655	193	7	the	the	DET
ajfa-16655	193	8	sample	sample	NOUN
ajfa-16655	193	9	was	be	AUX
ajfa-16655	193	10	80	80	NUM
ajfa-16655	193	11	companies	company	NOUN
ajfa-16655	193	12	with	with	ADP
ajfa-16655	193	13	respect	respect	NOUN
ajfa-16655	193	14	to	to	ADP
ajfa-16655	193	15	its	its	PRON
ajfa-16655	193	16	market	market	NOUN
ajfa-16655	193	17	capitalization	capitalization	NOUN
ajfa-16655	193	18	in	in	ADP
ajfa-16655	193	19	their	their	PRON
ajfa-16655	193	20	respective	respective	ADJ
ajfa-16655	193	21	countries	country	NOUN
ajfa-16655	193	22	that	that	PRON
ajfa-16655	193	23	heavily	heavily	ADV
ajfa-16655	193	24	rely	rely	VERB
ajfa-16655	193	25	on	on	ADP
ajfa-16655	193	26	intangible	intangible	ADJ
ajfa-16655	193	27	assets	asset	NOUN
ajfa-16655	193	28	.	.	PUNCT
ajfa-16655	194	1	in	in	ADP
ajfa-16655	194	2	the	the	DET
ajfa-16655	194	3	technological	technological	ADJ
ajfa-16655	194	4	sector	sector	NOUN
ajfa-16655	194	5	;	;	PUNCT
ajfa-16655	194	6	the	the	DET
ajfa-16655	194	7	total	total	ADJ
ajfa-16655	194	8	number	number	NOUN
ajfa-16655	194	9	of	of	ADP
ajfa-16655	194	10	observations	observation	NOUN
ajfa-16655	194	11	collected	collect	VERB
ajfa-16655	194	12	from	from	ADP
ajfa-16655	194	13	years	year	NOUN
ajfa-16655	194	14	understudy	understudy	NOUN
ajfa-16655	194	15	was	be	AUX
ajfa-16655	194	16	320	320	NUM
ajfa-16655	194	17	observations	observation	NOUN
ajfa-16655	194	18	.	.	PUNCT
ajfa-16655	195	1	table	table	NOUN
ajfa-16655	195	2	2	2	NUM
ajfa-16655	195	3	.	.	X
ajfa-16655	195	4	list	list	NOUN
ajfa-16655	195	5	of	of	ADP
ajfa-16655	195	6	countries	country	NOUN
ajfa-16655	195	7	with	with	ADP
ajfa-16655	195	8	companies	company	NOUN
ajfa-16655	195	9	name	name	VERB
ajfa-16655	195	10	&	&	CCONJ
ajfa-16655	195	11	sectors	sectors	PROPN
ajfa-16655	195	12	s	s	PART
ajfa-16655	195	13	#	#	NOUN
ajfa-16655	195	14	country	country	NOUN
ajfa-16655	195	15	companies	company	NOUN
ajfa-16655	195	16	name	name	VERB
ajfa-16655	195	17	sector	sector	NOUN
ajfa-16655	195	18	1	1	NUM
ajfa-16655	195	19	brazil	brazil	PROPN
ajfa-16655	195	20	adobe	adobe	PROPN
ajfa-16655	195	21	inc	inc	PROPN
ajfa-16655	195	22	.	.	PROPN
ajfa-16655	195	23	services	services	PROPN
ajfa-16655	195	24	broadcom	broadcom	PROPN
ajfa-16655	195	25	inc	inc	PROPN
ajfa-16655	195	26	.	.	PROPN
ajfa-16655	195	27	manufacturing	manufacture	VERB
ajfa-16655	195	28	asian	asian	ADJ
ajfa-16655	195	29	journal	journal	NOUN
ajfa-16655	195	30	of	of	ADP
ajfa-16655	195	31	finance	finance	PROPN
ajfa-16655	195	32	&	&	CCONJ
ajfa-16655	195	33	accounting	accounting	PROPN
ajfa-16655	195	34	issn	issn	PROPN
ajfa-16655	195	35	1946	1946	NUM
ajfa-16655	195	36	-	-	PUNCT
ajfa-16655	195	37	052x	052x	NOUN
ajfa-16655	195	38	2020	2020	NUM
ajfa-16655	195	39	,	,	PUNCT
ajfa-16655	195	40	vol	vol	NOUN
ajfa-16655	195	41	.	.	PROPN
ajfa-16655	195	42	12	12	NUM
ajfa-16655	195	43	,	,	PUNCT
ajfa-16655	195	44	no	no	INTJ
ajfa-16655	195	45	.	.	NOUN
ajfa-16655	195	46	1	1	NUM
ajfa-16655	195	47	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	195	48	38	38	NUM
ajfa-16655	195	49	sinqia	sinqia	PROPN
ajfa-16655	195	50	s.a	s.a	PROPN
ajfa-16655	195	51	services	services	PROPN
ajfa-16655	195	52	2	2	NUM
ajfa-16655	195	53	china	china	PROPN
ajfa-16655	195	54	hangzou	hangzou	PROPN
ajfa-16655	195	55	manufacturing	manufacturing	NOUN
ajfa-16655	195	56	midea	midea	PROPN
ajfa-16655	195	57	group	group	NOUN
ajfa-16655	195	58	manufacturing	manufacture	VERB
ajfa-16655	195	59	haier	haier	X
ajfa-16655	195	60	smart	smart	ADJ
ajfa-16655	195	61	home	home	NOUN
ajfa-16655	195	62	manufacturing	manufacturing	NOUN
ajfa-16655	195	63	tencent	tencent	NOUN
ajfa-16655	195	64	holding	hold	VERB
ajfa-16655	195	65	limited	limited	ADJ
ajfa-16655	195	66	services	service	NOUN
ajfa-16655	195	67	zte	zte	NOUN
ajfa-16655	195	68	corporation	corporation	NOUN
ajfa-16655	195	69	manufacturing	manufacture	VERB
ajfa-16655	195	70	3	3	NUM
ajfa-16655	195	71	finland	finland	PROPN
ajfa-16655	195	72	nokia	nokia	PROPN
ajfa-16655	195	73	corporation	corporation	PROPN
ajfa-16655	195	74	manufacturing	manufacturing	NOUN
ajfa-16655	195	75	telefonaktiebolaget	telefonaktiebolaget	NOUN
ajfa-16655	195	76	lm	lm	PROPN
ajfa-16655	195	77	ericsson	ericsson	PROPN
ajfa-16655	195	78	services	services	PROPN
ajfa-16655	195	79	vaisala	vaisala	PROPN
ajfa-16655	195	80	oyj	oyj	PROPN
ajfa-16655	195	81	(	(	PUNCT
ajfa-16655	195	82	vaias.he	vaias.he	ADV
ajfa-16655	195	83	)	)	PUNCT
ajfa-16655	195	84	manufacturing	manufacture	VERB
ajfa-16655	195	85	4	4	NUM
ajfa-16655	195	86	germany	germany	PROPN
ajfa-16655	195	87	dell	dell	PROPN
ajfa-16655	195	88	technologies	technologies	PROPN
ajfa-16655	195	89	manufacturing	manufacture	VERB
ajfa-16655	195	90	sap	sap	PROPN
ajfa-16655	195	91	se	se	PROPN
ajfa-16655	195	92	services	services	PROPN
ajfa-16655	195	93	5	5	NUM
ajfa-16655	195	94	india	india	PROPN
ajfa-16655	195	95	accelya	accelya	PROPN
ajfa-16655	195	96	services	service	NOUN
ajfa-16655	195	97	mastek	mastek	PROPN
ajfa-16655	195	98	services	services	PROPN
ajfa-16655	195	99	birlasoft	birlasoft	PROPN
ajfa-16655	195	100	services	services	PROPN
ajfa-16655	195	101	hcl	hcl	PROPN
ajfa-16655	195	102	technologies	technologies	PROPN
ajfa-16655	195	103	services	services	PROPN
ajfa-16655	195	104	himachal	himachal	PROPN
ajfa-16655	195	105	manufacturing	manufacturing	NOUN
ajfa-16655	195	106	infosys	infosys	PROPN
ajfa-16655	195	107	services	services	PROPN
ajfa-16655	195	108	l	l	PROPN
ajfa-16655	195	109	&	&	CCONJ
ajfa-16655	195	110	t	t	PROPN
ajfa-16655	195	111	services	service	NOUN
ajfa-16655	195	112	mphasis	mphasis	PROPN
ajfa-16655	195	113	services	service	NOUN
ajfa-16655	195	114	sonata	sonata	NOUN
ajfa-16655	195	115	software	software	PROPN
ajfa-16655	195	116	services	service	NOUN
ajfa-16655	195	117	sterlite	sterlite	ADJ
ajfa-16655	195	118	manufacturing	manufacturing	NOUN
ajfa-16655	195	119	asian	asian	ADJ
ajfa-16655	195	120	journal	journal	NOUN
ajfa-16655	195	121	of	of	ADP
ajfa-16655	195	122	finance	finance	PROPN
ajfa-16655	195	123	&	&	CCONJ
ajfa-16655	195	124	accounting	accounting	PROPN
ajfa-16655	195	125	issn	issn	PROPN
ajfa-16655	195	126	1946	1946	NUM
ajfa-16655	195	127	-	-	PUNCT
ajfa-16655	195	128	052x	052x	NOUN
ajfa-16655	195	129	2020	2020	NUM
ajfa-16655	195	130	,	,	PUNCT
ajfa-16655	195	131	vol	vol	NOUN
ajfa-16655	195	132	.	.	PROPN
ajfa-16655	195	133	12	12	NUM
ajfa-16655	195	134	,	,	PUNCT
ajfa-16655	195	135	no	no	INTJ
ajfa-16655	195	136	.	.	NOUN
ajfa-16655	195	137	1	1	NUM
ajfa-16655	195	138	ajfa.macrothink.org/	ajfa.macrothink.org/	VERB
ajfa-16655	195	139	39	39	NUM
ajfa-16655	195	140	tata	tata	NOUN
ajfa-16655	195	141	consultancy	consultancy	NOUN
ajfa-16655	195	142	services	service	NOUN
ajfa-16655	195	143	tech	tech	PROPN
ajfa-16655	195	144	mahindra	mahindra	PROPN
ajfa-16655	195	145	services	services	PROPN
ajfa-16655	196	1	wipro	wipro	PROPN
ajfa-16655	196	2	services	services	PROPN
ajfa-16655	196	3	zensar	zensar	PROPN
ajfa-16655	196	4	services	services	PROPN
ajfa-16655	196	5	heg	heg	PROPN
ajfa-16655	196	6	manufacturing	manufacturing	PROPN
ajfa-16655	196	7	ifb	ifb	PROPN
ajfa-16655	196	8	manufacturing	manufacturing	NOUN
ajfa-16655	196	9	voltamp	voltamp	NOUN
ajfa-16655	196	10	manufacturing	manufacture	VERB
ajfa-16655	196	11	6	6	NUM
ajfa-16655	196	12	indonesia	indonesia	PROPN
ajfa-16655	196	13	pt	pt	PROPN
ajfa-16655	196	14	sarana	sarana	PROPN
ajfa-16655	196	15	menara	menara	PROPN
ajfa-16655	196	16	manufacturing	manufacture	VERB
ajfa-16655	196	17	pt	pt	PROPN
ajfa-16655	196	18	supreme	supreme	PROPN
ajfa-16655	196	19	cable	cable	NOUN
ajfa-16655	196	20	manufacturing	manufacturing	NOUN
ajfa-16655	196	21	manufacturing	manufacturing	NOUN
ajfa-16655	196	22	7	7	NUM
ajfa-16655	196	23	japan	japan	PROPN
ajfa-16655	196	24	kanematsu	kanematsu	PROPN
ajfa-16655	196	25	services	services	PROPN
ajfa-16655	196	26	baycurrent	baycurrent	PROPN
ajfa-16655	196	27	services	services	PROPN
ajfa-16655	196	28	keyence	keyence	PROPN
ajfa-16655	196	29	corp	corp	PROPN
ajfa-16655	196	30	manufacturing	manufacturing	PROPN
ajfa-16655	196	31	sato	sato	NOUN
ajfa-16655	196	32	holding	hold	VERB
ajfa-16655	196	33	manufacturing	manufacture	VERB
ajfa-16655	196	34	sony	sony	PROPN
ajfa-16655	196	35	corp	corp	PROPN
ajfa-16655	196	36	manufacturing	manufacturing	PROPN
ajfa-16655	196	37	tokyo	tokyo	PROPN
ajfa-16655	196	38	electron	electron	NOUN
ajfa-16655	196	39	manufacturing	manufacture	VERB
ajfa-16655	196	40	omron	omron	PROPN
ajfa-16655	196	41	corporation	corporation	PROPN
ajfa-16655	196	42	manufacturing	manufacturing	PROPN
ajfa-16655	196	43	otsuka	otsuka	PROPN
ajfa-16655	196	44	corporation	corporation	PROPN
ajfa-16655	196	45	services	service	NOUN
ajfa-16655	196	46	ns	ns	NUM
ajfa-16655	196	47	solutions	solution	NOUN
ajfa-16655	196	48	corporation	corporation	NOUN
ajfa-16655	196	49	services	service	NOUN
ajfa-16655	196	50	8	8	NUM
ajfa-16655	196	51	netherland	netherland	NOUN
ajfa-16655	196	52	asm	asm	NOUN
ajfa-16655	196	53	holding	holding	NOUN
ajfa-16655	196	54	manufacturing	manufacturing	NOUN
ajfa-16655	196	55	9	9	NUM
ajfa-16655	196	56	pakistan	pakistan	PROPN
ajfa-16655	196	57	avanceaon	avanceaon	PROPN
ajfa-16655	196	58	manufacturing	manufacturing	NOUN
ajfa-16655	196	59	hum	hum	PROPN
ajfa-16655	196	60	network	network	PROPN
ajfa-16655	196	61	services	services	PROPN
ajfa-16655	196	62	asian	asian	ADJ
ajfa-16655	196	63	journal	journal	PROPN
ajfa-16655	196	64	of	of	ADP
ajfa-16655	196	65	finance	finance	PROPN
ajfa-16655	196	66	&	&	CCONJ
ajfa-16655	196	67	accounting	accounting	PROPN
ajfa-16655	196	68	issn	issn	PROPN
ajfa-16655	196	69	1946	1946	NUM
ajfa-16655	196	70	-	-	PUNCT
ajfa-16655	196	71	052x	052x	NOUN
ajfa-16655	196	72	2020	2020	NUM
ajfa-16655	196	73	,	,	PUNCT
ajfa-16655	196	74	vol	vol	NOUN
ajfa-16655	196	75	.	.	PROPN
ajfa-16655	196	76	12	12	NUM
ajfa-16655	196	77	,	,	PUNCT
ajfa-16655	196	78	no	no	INTJ
ajfa-16655	196	79	.	.	NOUN
ajfa-16655	196	80	1	1	NUM
ajfa-16655	196	81	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	196	82	40	40	NUM
ajfa-16655	196	83	netsol	netsol	PROPN
ajfa-16655	196	84	services	service	NOUN
ajfa-16655	196	85	ptc	ptc	PROPN
ajfa-16655	196	86	services	service	NOUN
ajfa-16655	196	87	system	system	NOUN
ajfa-16655	196	88	limited	limit	VERB
ajfa-16655	196	89	services	service	NOUN
ajfa-16655	196	90	trg	trg	PROPN
ajfa-16655	196	91	manufacturing	manufacture	VERB
ajfa-16655	196	92	10	10	NUM
ajfa-16655	196	93	russia	russia	PROPN
ajfa-16655	196	94	yandex	yandex	PROPN
ajfa-16655	196	95	n.v	n.v	PROPN
ajfa-16655	196	96	services	services	PROPN
ajfa-16655	196	97	public	public	ADJ
ajfa-16655	196	98	joint	joint	ADJ
ajfa-16655	196	99	stock	stock	NOUN
ajfa-16655	196	100	company	company	NOUN
ajfa-16655	196	101	rbc	rbc	PROPN
ajfa-16655	196	102	services	service	NOUN
ajfa-16655	196	103	open	open	VERB
ajfa-16655	196	104	joint	joint	ADJ
ajfa-16655	196	105	stock	stock	NOUN
ajfa-16655	196	106	company	company	NOUN
ajfa-16655	196	107	manufacturing	manufacturing	NOUN
ajfa-16655	196	108	levenhuk	levenhuk	NOUN
ajfa-16655	196	109	jsc	jsc	PROPN
ajfa-16655	196	110	(	(	PUNCT
ajfa-16655	196	111	lvhk.me	lvhk.me	PROPN
ajfa-16655	196	112	)	)	PUNCT
ajfa-16655	196	113	manufacturing	manufacture	VERB
ajfa-16655	196	114	11	11	NUM
ajfa-16655	196	115	south	south	PROPN
ajfa-16655	196	116	africa	africa	PROPN
ajfa-16655	196	117	car	car	NOUN
ajfa-16655	196	118	track	track	NOUN
ajfa-16655	196	119	services	service	NOUN
ajfa-16655	196	120	mix	mix	VERB
ajfa-16655	196	121	telematics	telematic	NOUN
ajfa-16655	196	122	limited	limit	VERB
ajfa-16655	196	123	services	service	NOUN
ajfa-16655	196	124	data	datum	NOUN
ajfa-16655	196	125	tec	tec	PROPN
ajfa-16655	196	126	services	service	NOUN
ajfa-16655	196	127	nasper	nasp	ADJ
ajfa-16655	196	128	services	service	NOUN
ajfa-16655	196	129	12	12	NUM
ajfa-16655	196	130	south	south	PROPN
ajfa-16655	196	131	korea	korea	PROPN
ajfa-16655	196	132	asia	asia	PROPN
ajfa-16655	196	133	pacific	pacific	PROPN
ajfa-16655	196	134	sataellite	sataellite	PROPN
ajfa-16655	196	135	manufacturing	manufacturing	NOUN
ajfa-16655	196	136	cymechs	cymech	NOUN
ajfa-16655	197	1	manufacturing	manufacturing	NOUN
ajfa-16655	197	2	dongwon	dongwon	VERB
ajfa-16655	197	3	system	system	NOUN
ajfa-16655	197	4	manufacturing	manufacture	VERB
ajfa-16655	197	5	duksan	duksan	ADJ
ajfa-16655	197	6	neolux	neolux	ADJ
ajfa-16655	197	7	manufacturing	manufacture	VERB
ajfa-16655	197	8	eo	eo	PROPN
ajfa-16655	197	9	technics	technic	NOUN
ajfa-16655	197	10	manufacturing	manufacture	VERB
ajfa-16655	197	11	hankook	hankook	NOUN
ajfa-16655	197	12	services	service	NOUN
ajfa-16655	197	13	kl	kl	PROPN
ajfa-16655	197	14	-	-	PROPN
ajfa-16655	197	15	net	net	PROPN
ajfa-16655	197	16	corp	corp	PROPN
ajfa-16655	197	17	services	services	PROPN
ajfa-16655	197	18	mico	mico	VERB
ajfa-16655	197	19	limited	limit	VERB
ajfa-16655	197	20	manufacturing	manufacturing	NOUN
ajfa-16655	197	21	nexteye	nexteye	NOUN
ajfa-16655	197	22	co	co	NOUN
ajfa-16655	197	23	manufacturing	manufacture	VERB
ajfa-16655	197	24	asian	asian	ADJ
ajfa-16655	197	25	journal	journal	NOUN
ajfa-16655	197	26	of	of	ADP
ajfa-16655	197	27	finance	finance	PROPN
ajfa-16655	197	28	&	&	CCONJ
ajfa-16655	197	29	accounting	accounting	PROPN
ajfa-16655	197	30	issn	issn	PROPN
ajfa-16655	197	31	1946	1946	NUM
ajfa-16655	197	32	-	-	PUNCT
ajfa-16655	197	33	052x	052x	NOUN
ajfa-16655	197	34	2020	2020	NUM
ajfa-16655	197	35	,	,	PUNCT
ajfa-16655	197	36	vol	vol	NOUN
ajfa-16655	197	37	.	.	PROPN
ajfa-16655	197	38	12	12	NUM
ajfa-16655	197	39	,	,	PUNCT
ajfa-16655	197	40	no	no	INTJ
ajfa-16655	197	41	.	.	NOUN
ajfa-16655	197	42	1	1	NUM
ajfa-16655	197	43	ajfa.macrothink.org/	ajfa.macrothink.org/	PROPN
ajfa-16655	197	44	41	41	NUM
ajfa-16655	197	45	samsung	samsung	PROPN
ajfa-16655	197	46	electronic	electronic	ADJ
ajfa-16655	197	47	manufacturing	manufacturing	NOUN
ajfa-16655	197	48	signetic	signetic	ADJ
ajfa-16655	197	49	corporation	corporation	NOUN
ajfa-16655	197	50	manufacturing	manufacture	VERB
ajfa-16655	197	51	13	13	NUM
ajfa-16655	197	52	taiwan	taiwan	PROPN
ajfa-16655	197	53	taiwan	taiwan	PROPN
ajfa-16655	197	54	semiconductor	semiconductor	NOUN
ajfa-16655	197	55	manufacturing	manufacturing	NOUN
ajfa-16655	197	56	yageo	yageo	NOUN
ajfa-16655	197	57	corporation	corporation	NOUN
ajfa-16655	197	58	manufacturing	manufacture	VERB
ajfa-16655	197	59	14	14	NUM
ajfa-16655	197	60	usa	usa	PROPN
ajfa-16655	197	61	amadeus	amadeus	PROPN
ajfa-16655	197	62	services	services	PROPN
ajfa-16655	197	63	accenture	accenture	PROPN
ajfa-16655	197	64	services	services	PROPN
ajfa-16655	197	65	cisco	cisco	PROPN
ajfa-16655	197	66	systems	systems	PROPN
ajfa-16655	197	67	manufacturing	manufacture	VERB
ajfa-16655	197	68	cognizant	cognizant	ADJ
ajfa-16655	197	69	services	service	NOUN
ajfa-16655	197	70	fujitsu	fujitsu	PROPN
ajfa-16655	197	71	services	services	PROPN
ajfa-16655	197	72	intel	intel	PROPN
ajfa-16655	197	73	corporation	corporation	PROPN
ajfa-16655	197	74	manufacturing	manufacture	VERB
ajfa-16655	197	75	international	international	ADJ
ajfa-16655	197	76	business	business	NOUN
ajfa-16655	197	77	machine	machine	NOUN
ajfa-16655	197	78	services	service	NOUN
ajfa-16655	197	79	microsoft	microsoft	PROPN
ajfa-16655	197	80	corporation	corporation	PROPN
ajfa-16655	197	81	services	services	PROPN
ajfa-16655	197	82	nividia	nividia	PROPN
ajfa-16655	197	83	manufacturing	manufacturing	PROPN
ajfa-16655	197	84	oracle	oracle	PROPN
ajfa-16655	197	85	services	services	PROPN
ajfa-16655	197	86	texas	texas	PROPN
ajfa-16655	197	87	instruments	instrument	NOUN
ajfa-16655	197	88	manufacturing	manufacture	VERB
ajfa-16655	197	89	4.2	4.2	NUM
ajfa-16655	197	90	trend	trend	NOUN
ajfa-16655	197	91	analysis	analysis	NOUN
ajfa-16655	197	92	4.2.1	4.2.1	NUM
ajfa-16655	197	93	scatter	scatter	NOUN
ajfa-16655	197	94	plot	plot	NOUN
ajfa-16655	197	95	analysis	analysis	NOUN
ajfa-16655	197	96	:	:	PUNCT
ajfa-16655	197	97	asian	asian	ADJ
ajfa-16655	197	98	journal	journal	NOUN
ajfa-16655	197	99	of	of	ADP
ajfa-16655	197	100	finance	finance	PROPN
ajfa-16655	197	101	&	&	CCONJ
ajfa-16655	197	102	accounting	accounting	PROPN
ajfa-16655	197	103	issn	issn	PROPN
ajfa-16655	197	104	1946	1946	NUM
ajfa-16655	197	105	-	-	PUNCT
ajfa-16655	197	106	052x	052x	NOUN
ajfa-16655	197	107	2020	2020	NUM
ajfa-16655	197	108	,	,	PUNCT
ajfa-16655	197	109	vol	vol	NOUN
ajfa-16655	197	110	.	.	PROPN
ajfa-16655	197	111	12	12	NUM
ajfa-16655	197	112	,	,	PUNCT
ajfa-16655	197	113	no	no	INTJ
ajfa-16655	197	114	.	.	NOUN
ajfa-16655	197	115	1	1	NUM
ajfa-16655	197	116	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	197	117	42	42	NUM
ajfa-16655	197	118	plot	plot	NOUN
ajfa-16655	197	119	a	a	DET
ajfa-16655	197	120	(	(	PUNCT
ajfa-16655	197	121	roa	roa	NOUN
ajfa-16655	197	122	vs	vs	ADP
ajfa-16655	197	123	intangible	intangible	ADJ
ajfa-16655	197	124	/	/	SYM
ajfa-16655	197	125	total	total	ADJ
ajfa-16655	197	126	assets	asset	NOUN
ajfa-16655	197	127	in	in	ADP
ajfa-16655	197	128	plot	plot	NOUN
ajfa-16655	197	129	a	a	PRON
ajfa-16655	197	130	,	,	PUNCT
ajfa-16655	197	131	the	the	DET
ajfa-16655	197	132	data	datum	NOUN
ajfa-16655	197	133	points	point	VERB
ajfa-16655	197	134	line	line	NOUN
ajfa-16655	197	135	up	up	ADP
ajfa-16655	197	136	very	very	ADV
ajfa-16655	197	137	nicely	nicely	ADV
ajfa-16655	197	138	!	!	PUNCT
ajfa-16655	198	1	we	we	PRON
ajfa-16655	198	2	can	can	AUX
ajfa-16655	198	3	easily	easily	ADV
ajfa-16655	198	4	draw	draw	VERB
ajfa-16655	198	5	a	a	DET
ajfa-16655	198	6	horizontal	horizontal	ADJ
ajfa-16655	198	7	line	line	NOUN
ajfa-16655	198	8	amongst	amongst	ADP
ajfa-16655	198	9	these	these	DET
ajfa-16655	198	10	dots	dot	NOUN
ajfa-16655	198	11	,	,	PUNCT
ajfa-16655	198	12	and	and	CCONJ
ajfa-16655	198	13	the	the	DET
ajfa-16655	198	14	line	line	NOUN
ajfa-16655	198	15	would	would	AUX
ajfa-16655	198	16	be	be	AUX
ajfa-16655	198	17	a	a	DET
ajfa-16655	198	18	good	good	ADJ
ajfa-16655	198	19	fit	fit	NOUN
ajfa-16655	198	20	to	to	ADP
ajfa-16655	198	21	the	the	DET
ajfa-16655	198	22	data	datum	NOUN
ajfa-16655	198	23	.	.	PUNCT
ajfa-16655	199	1	however	however	ADV
ajfa-16655	199	2	,	,	PUNCT
ajfa-16655	199	3	the	the	DET
ajfa-16655	199	4	fact	fact	NOUN
ajfa-16655	199	5	that	that	SCONJ
ajfa-16655	199	6	the	the	DET
ajfa-16655	199	7	line	line	NOUN
ajfa-16655	199	8	would	would	AUX
ajfa-16655	199	9	be	be	AUX
ajfa-16655	199	10	horizontal	horizontal	ADJ
ajfa-16655	199	11	means	mean	NOUN
ajfa-16655	199	12	that	that	SCONJ
ajfa-16655	199	13	the	the	DET
ajfa-16655	199	14	input	input	NOUN
ajfa-16655	199	15	values	value	NOUN
ajfa-16655	199	16	(	(	PUNCT
ajfa-16655	199	17	that	that	PRON
ajfa-16655	199	18	is	be	AUX
ajfa-16655	199	19	,	,	PUNCT
ajfa-16655	199	20	intangibles	intangible	NOUN
ajfa-16655	199	21	/	/	SYM
ajfa-16655	199	22	total	total	ADJ
ajfa-16655	199	23	assets	asset	NOUN
ajfa-16655	199	24	)	)	PUNCT
ajfa-16655	199	25	are	be	AUX
ajfa-16655	199	26	irrelevant	irrelevant	ADJ
ajfa-16655	199	27	to	to	ADP
ajfa-16655	199	28	the	the	DET
ajfa-16655	199	29	output	output	NOUN
ajfa-16655	199	30	values	value	NOUN
ajfa-16655	199	31	(	(	PUNCT
ajfa-16655	199	32	that	that	PRON
ajfa-16655	199	33	is	be	AUX
ajfa-16655	199	34	,	,	PUNCT
ajfa-16655	199	35	roa	roa	PROPN
ajfa-16655	199	36	)	)	PUNCT
ajfa-16655	199	37	.	.	PUNCT
ajfa-16655	200	1	so	so	ADV
ajfa-16655	200	2	there	there	PRON
ajfa-16655	200	3	is	be	VERB
ajfa-16655	200	4	a	a	DET
ajfa-16655	200	5	definite	definite	ADJ
ajfa-16655	200	6	trend	trend	NOUN
ajfa-16655	200	7	to	to	ADP
ajfa-16655	200	8	the	the	DET
ajfa-16655	200	9	data	datum	NOUN
ajfa-16655	200	10	,	,	PUNCT
ajfa-16655	200	11	and	and	CCONJ
ajfa-16655	200	12	there	there	PRON
ajfa-16655	200	13	is	be	VERB
ajfa-16655	200	14	an	an	DET
ajfa-16655	200	15	excellent	excellent	ADJ
ajfa-16655	200	16	good	good	ADJ
ajfa-16655	200	17	-	-	PUNCT
ajfa-16655	200	18	fit	fit	ADJ
ajfa-16655	200	19	line	line	NOUN
ajfa-16655	200	20	for	for	ADP
ajfa-16655	200	21	it	it	PRON
ajfa-16655	200	22	,	,	PUNCT
ajfa-16655	200	23	but	but	CCONJ
ajfa-16655	200	24	that	that	DET
ajfa-16655	200	25	line	line	NOUN
ajfa-16655	200	26	only	only	ADV
ajfa-16655	200	27	says	say	VERB
ajfa-16655	200	28	that	that	SCONJ
ajfa-16655	200	29	the	the	DET
ajfa-16655	200	30	input	input	NOUN
ajfa-16655	200	31	values	value	NOUN
ajfa-16655	200	32	are	be	AUX
ajfa-16655	200	33	irrelevant	irrelevant	ADJ
ajfa-16655	200	34	.	.	PUNCT
ajfa-16655	201	1	if	if	SCONJ
ajfa-16655	201	2	the	the	DET
ajfa-16655	201	3	inputs	input	NOUN
ajfa-16655	201	4	are	be	AUX
ajfa-16655	201	5	irrelevant	irrelevant	ADJ
ajfa-16655	201	6	,	,	PUNCT
ajfa-16655	201	7	then	then	ADV
ajfa-16655	201	8	there	there	PRON
ajfa-16655	201	9	ca	can	AUX
ajfa-16655	201	10	n't	not	PART
ajfa-16655	201	11	possibly	possibly	ADV
ajfa-16655	201	12	be	be	AUX
ajfa-16655	201	13	a	a	DET
ajfa-16655	201	14	correlation	correlation	NOUN
ajfa-16655	201	15	between	between	ADP
ajfa-16655	201	16	inputs	input	NOUN
ajfa-16655	201	17	and	and	CCONJ
ajfa-16655	201	18	outputs	output	NOUN
ajfa-16655	201	19	.	.	PUNCT
ajfa-16655	202	1	plot	plot	NOUN
ajfa-16655	202	2	b	b	PROPN
ajfa-16655	202	3	(	(	PUNCT
ajfa-16655	202	4	debt	debt	NOUN
ajfa-16655	202	5	to	to	ADP
ajfa-16655	202	6	equity	equity	NOUN
ajfa-16655	202	7	vs	vs	ADP
ajfa-16655	202	8	intangible	intangible	ADJ
ajfa-16655	202	9	/	/	SYM
ajfa-16655	202	10	total	total	ADJ
ajfa-16655	202	11	assets	asset	NOUN
ajfa-16655	202	12	in	in	ADP
ajfa-16655	202	13	plot	plot	NOUN
ajfa-16655	202	14	b	b	PROPN
ajfa-16655	202	15	shows	show	VERB
ajfa-16655	202	16	a	a	DET
ajfa-16655	202	17	bunch	bunch	NOUN
ajfa-16655	202	18	of	of	ADP
ajfa-16655	202	19	dots	dot	NOUN
ajfa-16655	202	20	,	,	PUNCT
ajfa-16655	202	21	we	we	PRON
ajfa-16655	202	22	can	can	AUX
ajfa-16655	202	23	draw	draw	VERB
ajfa-16655	202	24	a	a	DET
ajfa-16655	202	25	horizontal	horizontal	ADJ
ajfa-16655	202	26	line	line	NOUN
ajfa-16655	202	27	amongst	amongst	ADP
ajfa-16655	202	28	these	these	DET
ajfa-16655	202	29	dots	dot	NOUN
ajfa-16655	202	30	,	,	PUNCT
ajfa-16655	202	31	and	and	CCONJ
ajfa-16655	202	32	the	the	DET
ajfa-16655	202	33	line	line	NOUN
ajfa-16655	202	34	would	would	AUX
ajfa-16655	202	35	be	be	AUX
ajfa-16655	202	36	a	a	DET
ajfa-16655	202	37	good	good	ADJ
ajfa-16655	202	38	fit	fit	NOUN
ajfa-16655	202	39	for	for	ADP
ajfa-16655	202	40	the	the	DET
ajfa-16655	202	41	data	datum	NOUN
ajfa-16655	202	42	but	but	CCONJ
ajfa-16655	202	43	at	at	ADP
ajfa-16655	202	44	some	some	DET
ajfa-16655	202	45	extent	extent	NOUN
ajfa-16655	202	46	increasing	increase	VERB
ajfa-16655	202	47	at	at	ADP
ajfa-16655	202	48	the	the	DET
ajfa-16655	202	49	bottom	bottom	NOUN
ajfa-16655	202	50	.	.	PUNCT
ajfa-16655	203	1	however	however	ADV
ajfa-16655	203	2	,	,	PUNCT
ajfa-16655	203	3	the	the	DET
ajfa-16655	203	4	fact	fact	NOUN
ajfa-16655	203	5	that	that	SCONJ
ajfa-16655	203	6	the	the	DET
ajfa-16655	203	7	line	line	NOUN
ajfa-16655	203	8	would	would	AUX
ajfa-16655	203	9	be	be	AUX
ajfa-16655	203	10	horizontal	horizontal	ADJ
ajfa-16655	203	11	means	mean	NOUN
ajfa-16655	203	12	that	that	SCONJ
ajfa-16655	203	13	the	the	DET
ajfa-16655	203	14	input	input	NOUN
ajfa-16655	203	15	values	value	NOUN
ajfa-16655	203	16	(	(	PUNCT
ajfa-16655	203	17	that	that	PRON
ajfa-16655	203	18	is	be	AUX
ajfa-16655	203	19	,	,	PUNCT
ajfa-16655	203	20	intangibles	intangible	NOUN
ajfa-16655	203	21	/	/	SYM
ajfa-16655	203	22	total	total	ADJ
ajfa-16655	203	23	assets	asset	NOUN
ajfa-16655	203	24	)	)	PUNCT
ajfa-16655	203	25	are	be	AUX
ajfa-16655	203	26	irrelevant	irrelevant	ADJ
ajfa-16655	203	27	to	to	ADP
ajfa-16655	203	28	the	the	DET
ajfa-16655	203	29	output	output	NOUN
ajfa-16655	203	30	values	value	NOUN
ajfa-16655	203	31	(	(	PUNCT
ajfa-16655	203	32	that	that	PRON
ajfa-16655	203	33	is	is	ADV
ajfa-16655	203	34	,	,	PUNCT
ajfa-16655	203	35	debt	debt	NOUN
ajfa-16655	203	36	to	to	ADP
ajfa-16655	203	37	equity	equity	NOUN
ajfa-16655	203	38	ratio	ratio	NOUN
ajfa-16655	203	39	)	)	PUNCT
ajfa-16655	203	40	.	.	PUNCT
ajfa-16655	204	1	if	if	SCONJ
ajfa-16655	204	2	the	the	DET
ajfa-16655	204	3	inputs	input	NOUN
ajfa-16655	204	4	are	be	AUX
ajfa-16655	204	5	irrelevant	irrelevant	ADJ
ajfa-16655	204	6	,	,	PUNCT
ajfa-16655	204	7	then	then	ADV
ajfa-16655	204	8	there	there	PRON
ajfa-16655	204	9	ca	can	AUX
ajfa-16655	204	10	n't	not	PART
ajfa-16655	204	11	possibly	possibly	ADV
ajfa-16655	204	12	be	be	AUX
ajfa-16655	204	13	a	a	DET
ajfa-16655	204	14	correlation	correlation	NOUN
ajfa-16655	204	15	between	between	ADP
ajfa-16655	204	16	inputs	input	NOUN
ajfa-16655	204	17	and	and	CCONJ
ajfa-16655	204	18	outputs	output	NOUN
ajfa-16655	204	19	.	.	PUNCT
ajfa-16655	205	1	asian	asian	ADJ
ajfa-16655	205	2	journal	journal	PROPN
ajfa-16655	205	3	of	of	ADP
ajfa-16655	205	4	finance	finance	PROPN
ajfa-16655	205	5	&	&	CCONJ
ajfa-16655	205	6	accounting	accounting	PROPN
ajfa-16655	205	7	issn	issn	PROPN
ajfa-16655	205	8	1946	1946	NUM
ajfa-16655	205	9	-	-	PUNCT
ajfa-16655	205	10	052x	052x	NOUN
ajfa-16655	205	11	2020	2020	NUM
ajfa-16655	205	12	,	,	PUNCT
ajfa-16655	205	13	vol	vol	NOUN
ajfa-16655	205	14	.	.	PROPN
ajfa-16655	205	15	12	12	NUM
ajfa-16655	205	16	,	,	PUNCT
ajfa-16655	205	17	no	no	INTJ
ajfa-16655	205	18	.	.	NOUN
ajfa-16655	205	19	1	1	NUM
ajfa-16655	205	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	205	21	43	43	NUM
ajfa-16655	205	22	plot	plot	NOUN
ajfa-16655	205	23	c	c	NOUN
ajfa-16655	205	24	(	(	PUNCT
ajfa-16655	205	25	dividend	dividend	VERB
ajfa-16655	205	26	payout	payout	NOUN
ajfa-16655	205	27	ratio	ratio	NOUN
ajfa-16655	205	28	vs	vs	ADP
ajfa-16655	205	29	intangible	intangible	ADJ
ajfa-16655	205	30	/	/	SYM
ajfa-16655	205	31	total	total	ADJ
ajfa-16655	205	32	assets	asset	NOUN
ajfa-16655	205	33	plot	plot	NOUN
ajfa-16655	205	34	c	c	PROPN
ajfa-16655	205	35	shows	show	VERB
ajfa-16655	205	36	a	a	DET
ajfa-16655	205	37	bunch	bunch	NOUN
ajfa-16655	205	38	of	of	ADP
ajfa-16655	205	39	dots	dot	NOUN
ajfa-16655	205	40	,	,	PUNCT
ajfa-16655	205	41	where	where	SCONJ
ajfa-16655	205	42	low	low	ADJ
ajfa-16655	205	43	x	x	NOUN
ajfa-16655	205	44	-	-	NOUN
ajfa-16655	205	45	values	value	NOUN
ajfa-16655	205	46	that	that	PRON
ajfa-16655	205	47	is	be	AUX
ajfa-16655	205	48	(	(	PUNCT
ajfa-16655	205	49	intangible	intangible	ADJ
ajfa-16655	205	50	assets	asset	NOUN
ajfa-16655	205	51	/	/	SYM
ajfa-16655	205	52	total	total	ADJ
ajfa-16655	205	53	assets	asset	NOUN
ajfa-16655	205	54	)	)	PUNCT
ajfa-16655	205	55	correspond	correspond	VERB
ajfa-16655	205	56	to	to	ADP
ajfa-16655	205	57	low	low	ADJ
ajfa-16655	205	58	y	y	NOUN
ajfa-16655	205	59	-	-	PUNCT
ajfa-16655	205	60	values	value	NOUN
ajfa-16655	205	61	(	(	PUNCT
ajfa-16655	205	62	dividend	dividend	VERB
ajfa-16655	205	63	payout	payout	NOUN
ajfa-16655	205	64	ratio	ratio	NOUN
ajfa-16655	205	65	)	)	PUNCT
ajfa-16655	205	66	,	,	PUNCT
ajfa-16655	205	67	and	and	CCONJ
ajfa-16655	205	68	high	high	ADJ
ajfa-16655	205	69	x	x	NOUN
ajfa-16655	205	70	-	-	NOUN
ajfa-16655	205	71	values	value	NOUN
ajfa-16655	205	72	correspond	correspond	VERB
ajfa-16655	205	73	to	to	ADP
ajfa-16655	205	74	high	high	ADJ
ajfa-16655	205	75	y	y	PROPN
ajfa-16655	205	76	-	-	PUNCT
ajfa-16655	205	77	values	value	NOUN
ajfa-16655	205	78	.	.	PUNCT
ajfa-16655	206	1	it	it	PRON
ajfa-16655	206	2	's	be	AUX
ajfa-16655	206	3	fairly	fairly	ADV
ajfa-16655	206	4	obvious	obvious	ADJ
ajfa-16655	206	5	to	to	ADP
ajfa-16655	206	6	me	i	PRON
ajfa-16655	206	7	that	that	SCONJ
ajfa-16655	206	8	we	we	PRON
ajfa-16655	206	9	could	could	AUX
ajfa-16655	206	10	draw	draw	VERB
ajfa-16655	206	11	a	a	DET
ajfa-16655	206	12	straight	straight	ADJ
ajfa-16655	206	13	line	line	NOUN
ajfa-16655	206	14	,	,	PUNCT
ajfa-16655	206	15	starting	start	VERB
ajfa-16655	206	16	near	near	ADP
ajfa-16655	206	17	the	the	DET
ajfa-16655	206	18	left	left	ADJ
ajfa-16655	206	19	-	-	PUNCT
ajfa-16655	206	20	most	most	ADJ
ajfa-16655	206	21	dot	dot	NOUN
ajfa-16655	206	22	and	and	CCONJ
ajfa-16655	206	23	angling	angling	NOUN
ajfa-16655	206	24	upwards	upwards	ADV
ajfa-16655	206	25	as	as	SCONJ
ajfa-16655	206	26	i	i	PRON
ajfa-16655	206	27	move	move	VERB
ajfa-16655	206	28	to	to	ADP
ajfa-16655	206	29	the	the	DET
ajfa-16655	206	30	right	right	NOUN
ajfa-16655	206	31	,	,	PUNCT
ajfa-16655	206	32	amongst	amongst	ADP
ajfa-16655	206	33	the	the	DET
ajfa-16655	206	34	plotted	plot	VERB
ajfa-16655	206	35	data	data	NOUN
ajfa-16655	206	36	points	point	NOUN
ajfa-16655	206	37	,	,	PUNCT
ajfa-16655	206	38	and	and	CCONJ
ajfa-16655	206	39	the	the	DET
ajfa-16655	206	40	line	line	NOUN
ajfa-16655	206	41	would	would	AUX
ajfa-16655	206	42	look	look	VERB
ajfa-16655	206	43	like	like	ADP
ajfa-16655	206	44	a	a	DET
ajfa-16655	206	45	good	good	ADJ
ajfa-16655	206	46	match	match	NOUN
ajfa-16655	206	47	to	to	ADP
ajfa-16655	206	48	the	the	DET
ajfa-16655	206	49	points	point	NOUN
ajfa-16655	206	50	.	.	PUNCT
ajfa-16655	207	1	such	such	DET
ajfa-16655	207	2	a	a	DET
ajfa-16655	207	3	line	line	NOUN
ajfa-16655	207	4	would	would	AUX
ajfa-16655	207	5	have	have	VERB
ajfa-16655	207	6	a	a	DET
ajfa-16655	207	7	positive	positive	ADJ
ajfa-16655	207	8	slope	slope	NOUN
ajfa-16655	207	9	,	,	PUNCT
ajfa-16655	207	10	and	and	CCONJ
ajfa-16655	207	11	the	the	DET
ajfa-16655	207	12	plotted	plot	VERB
ajfa-16655	207	13	data	data	NOUN
ajfa-16655	207	14	points	point	NOUN
ajfa-16655	207	15	would	would	AUX
ajfa-16655	207	16	all	all	ADV
ajfa-16655	207	17	lie	lie	VERB
ajfa-16655	207	18	on	on	ADP
ajfa-16655	207	19	or	or	CCONJ
ajfa-16655	207	20	very	very	ADV
ajfa-16655	207	21	close	close	ADJ
ajfa-16655	207	22	to	to	ADP
ajfa-16655	207	23	that	that	DET
ajfa-16655	207	24	drawn	draw	VERB
ajfa-16655	207	25	line	line	NOUN
ajfa-16655	207	26	.	.	PUNCT
ajfa-16655	208	1	so	so	ADV
ajfa-16655	208	2	there	there	PRON
ajfa-16655	208	3	does	do	AUX
ajfa-16655	208	4	appear	appear	VERB
ajfa-16655	208	5	to	to	PART
ajfa-16655	208	6	be	be	AUX
ajfa-16655	208	7	a	a	DET
ajfa-16655	208	8	strong	strong	ADJ
ajfa-16655	208	9	correlation	correlation	NOUN
ajfa-16655	208	10	here	here	ADV
ajfa-16655	208	11	and	and	CCONJ
ajfa-16655	208	12	,	,	PUNCT
ajfa-16655	208	13	because	because	SCONJ
ajfa-16655	208	14	the	the	DET
ajfa-16655	208	15	good	good	ADJ
ajfa-16655	208	16	-	-	PUNCT
ajfa-16655	208	17	fit	fit	NOUN
ajfa-16655	208	18	line	line	NOUN
ajfa-16655	208	19	drawn	draw	VERB
ajfa-16655	208	20	amongst	amongst	ADP
ajfa-16655	208	21	these	these	DET
ajfa-16655	208	22	points	point	NOUN
ajfa-16655	208	23	would	would	AUX
ajfa-16655	208	24	have	have	VERB
ajfa-16655	208	25	a	a	DET
ajfa-16655	208	26	positive	positive	ADJ
ajfa-16655	208	27	slope	slope	NOUN
ajfa-16655	208	28	,	,	PUNCT
ajfa-16655	208	29	that	that	DET
ajfa-16655	208	30	correlation	correlation	NOUN
ajfa-16655	208	31	is	be	AUX
ajfa-16655	208	32	positive	positive	ADJ
ajfa-16655	208	33	.	.	PUNCT
ajfa-16655	209	1	plot	plot	NOUN
ajfa-16655	209	2	d	d	NOUN
ajfa-16655	209	3	(	(	PUNCT
ajfa-16655	209	4	price	price	NOUN
ajfa-16655	209	5	earning	earning	NOUN
ajfa-16655	209	6	ratio	ratio	NOUN
ajfa-16655	209	7	vs	vs	ADP
ajfa-16655	209	8	intangible	intangible	ADJ
ajfa-16655	209	9	/	/	SYM
ajfa-16655	209	10	total	total	ADJ
ajfa-16655	209	11	assets	asset	NOUN
ajfa-16655	209	12	asian	asian	ADJ
ajfa-16655	209	13	journal	journal	NOUN
ajfa-16655	209	14	of	of	ADP
ajfa-16655	209	15	finance	finance	PROPN
ajfa-16655	209	16	&	&	CCONJ
ajfa-16655	209	17	accounting	accounting	PROPN
ajfa-16655	209	18	issn	issn	PROPN
ajfa-16655	209	19	1946	1946	NUM
ajfa-16655	209	20	-	-	PUNCT
ajfa-16655	209	21	052x	052x	NOUN
ajfa-16655	209	22	2020	2020	NUM
ajfa-16655	209	23	,	,	PUNCT
ajfa-16655	209	24	vol	vol	NOUN
ajfa-16655	209	25	.	.	PROPN
ajfa-16655	209	26	12	12	NUM
ajfa-16655	209	27	,	,	PUNCT
ajfa-16655	209	28	no	no	INTJ
ajfa-16655	209	29	.	.	NOUN
ajfa-16655	209	30	1	1	NUM
ajfa-16655	209	31	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	209	32	44	44	NUM
ajfa-16655	209	33	plot	plot	NOUN
ajfa-16655	209	34	d	d	NOUN
ajfa-16655	209	35	shows	show	VERB
ajfa-16655	209	36	a	a	DET
ajfa-16655	209	37	bunch	bunch	NOUN
ajfa-16655	209	38	of	of	ADP
ajfa-16655	209	39	dots	dot	NOUN
ajfa-16655	209	40	,	,	PUNCT
ajfa-16655	209	41	where	where	SCONJ
ajfa-16655	209	42	low	low	ADJ
ajfa-16655	209	43	x	x	NOUN
ajfa-16655	209	44	-	-	NOUN
ajfa-16655	209	45	values	value	NOUN
ajfa-16655	209	46	(	(	PUNCT
ajfa-16655	209	47	intangible	intangible	ADJ
ajfa-16655	209	48	assets	asset	NOUN
ajfa-16655	209	49	/	/	SYM
ajfa-16655	209	50	total	total	ADJ
ajfa-16655	209	51	assets	asset	NOUN
ajfa-16655	209	52	)	)	PUNCT
ajfa-16655	209	53	correspond	correspond	VERB
ajfa-16655	209	54	to	to	ADP
ajfa-16655	209	55	high	high	ADJ
ajfa-16655	209	56	y	y	NOUN
ajfa-16655	209	57	-	-	PUNCT
ajfa-16655	209	58	values	value	NOUN
ajfa-16655	209	59	(	(	PUNCT
ajfa-16655	209	60	p	p	X
ajfa-16655	209	61	/	/	SYM
ajfa-16655	209	62	e	e	NOUN
ajfa-16655	209	63	)	)	PUNCT
ajfa-16655	209	64	,	,	PUNCT
ajfa-16655	209	65	and	and	CCONJ
ajfa-16655	209	66	high	high	ADJ
ajfa-16655	209	67	x	x	NOUN
ajfa-16655	209	68	-	-	NOUN
ajfa-16655	209	69	values	value	NOUN
ajfa-16655	209	70	correspond	correspond	VERB
ajfa-16655	209	71	to	to	ADP
ajfa-16655	209	72	low	low	ADJ
ajfa-16655	209	73	y	y	NOUN
ajfa-16655	209	74	-	-	PUNCT
ajfa-16655	209	75	values	value	NOUN
ajfa-16655	209	76	.	.	PUNCT
ajfa-16655	210	1	it	it	PRON
ajfa-16655	210	2	's	be	AUX
ajfa-16655	210	3	fairly	fairly	ADV
ajfa-16655	210	4	obvious	obvious	ADJ
ajfa-16655	210	5	to	to	ADP
ajfa-16655	210	6	me	i	PRON
ajfa-16655	210	7	that	that	SCONJ
ajfa-16655	210	8	i	i	PRON
ajfa-16655	210	9	could	could	AUX
ajfa-16655	210	10	draw	draw	VERB
ajfa-16655	210	11	a	a	DET
ajfa-16655	210	12	straight	straight	ADJ
ajfa-16655	210	13	line	line	NOUN
ajfa-16655	210	14	,	,	PUNCT
ajfa-16655	210	15	starting	start	VERB
ajfa-16655	210	16	from	from	ADP
ajfa-16655	210	17	around	around	ADP
ajfa-16655	210	18	the	the	DET
ajfa-16655	210	19	left	left	ADJ
ajfa-16655	210	20	-	-	PUNCT
ajfa-16655	210	21	most	most	ADJ
ajfa-16655	210	22	dot	dot	NOUN
ajfa-16655	210	23	and	and	CCONJ
ajfa-16655	210	24	angling	angling	NOUN
ajfa-16655	210	25	downwards	downward	NOUN
ajfa-16655	210	26	as	as	SCONJ
ajfa-16655	210	27	i	i	PRON
ajfa-16655	210	28	move	move	VERB
ajfa-16655	210	29	to	to	ADP
ajfa-16655	210	30	the	the	DET
ajfa-16655	210	31	right	right	NOUN
ajfa-16655	210	32	,	,	PUNCT
ajfa-16655	210	33	amongst	amongst	ADP
ajfa-16655	210	34	the	the	DET
ajfa-16655	210	35	plotted	plot	VERB
ajfa-16655	210	36	data	data	NOUN
ajfa-16655	210	37	points	point	NOUN
ajfa-16655	210	38	,	,	PUNCT
ajfa-16655	210	39	and	and	CCONJ
ajfa-16655	210	40	the	the	DET
ajfa-16655	210	41	line	line	NOUN
ajfa-16655	210	42	would	would	AUX
ajfa-16655	210	43	look	look	VERB
ajfa-16655	210	44	like	like	ADP
ajfa-16655	210	45	a	a	DET
ajfa-16655	210	46	good	good	ADJ
ajfa-16655	210	47	match	match	NOUN
ajfa-16655	210	48	to	to	ADP
ajfa-16655	210	49	the	the	DET
ajfa-16655	210	50	points	point	NOUN
ajfa-16655	210	51	.	.	PUNCT
ajfa-16655	211	1	such	such	DET
ajfa-16655	211	2	a	a	DET
ajfa-16655	211	3	line	line	NOUN
ajfa-16655	211	4	would	would	AUX
ajfa-16655	211	5	have	have	VERB
ajfa-16655	211	6	a	a	DET
ajfa-16655	211	7	negative	negative	ADJ
ajfa-16655	211	8	slope	slope	NOUN
ajfa-16655	211	9	,	,	PUNCT
ajfa-16655	211	10	and	and	CCONJ
ajfa-16655	211	11	the	the	DET
ajfa-16655	211	12	plotted	plot	VERB
ajfa-16655	211	13	data	data	NOUN
ajfa-16655	211	14	points	point	NOUN
ajfa-16655	211	15	would	would	AUX
ajfa-16655	211	16	all	all	ADV
ajfa-16655	211	17	lie	lie	VERB
ajfa-16655	211	18	on	on	ADP
ajfa-16655	211	19	or	or	CCONJ
ajfa-16655	211	20	very	very	ADV
ajfa-16655	211	21	close	close	ADJ
ajfa-16655	211	22	to	to	ADP
ajfa-16655	211	23	that	that	DET
ajfa-16655	211	24	drawn	draw	VERB
ajfa-16655	211	25	line	line	NOUN
ajfa-16655	211	26	.	.	PUNCT
ajfa-16655	212	1	so	so	ADV
ajfa-16655	212	2	there	there	PRON
ajfa-16655	212	3	does	do	AUX
ajfa-16655	212	4	appear	appear	VERB
ajfa-16655	212	5	to	to	PART
ajfa-16655	212	6	be	be	AUX
ajfa-16655	212	7	a	a	DET
ajfa-16655	212	8	strong	strong	ADJ
ajfa-16655	212	9	correlation	correlation	NOUN
ajfa-16655	212	10	here	here	ADV
ajfa-16655	212	11	and	and	CCONJ
ajfa-16655	212	12	,	,	PUNCT
ajfa-16655	212	13	because	because	SCONJ
ajfa-16655	212	14	a	a	DET
ajfa-16655	212	15	good	good	ADJ
ajfa-16655	212	16	-	-	PUNCT
ajfa-16655	212	17	fit	fit	NOUN
ajfa-16655	212	18	line	line	NOUN
ajfa-16655	212	19	drawn	draw	VERB
ajfa-16655	212	20	amongst	amongst	ADP
ajfa-16655	212	21	these	these	DET
ajfa-16655	212	22	points	point	NOUN
ajfa-16655	212	23	would	would	AUX
ajfa-16655	212	24	have	have	VERB
ajfa-16655	212	25	a	a	DET
ajfa-16655	212	26	negative	negative	ADJ
ajfa-16655	212	27	slope	slope	NOUN
ajfa-16655	212	28	,	,	PUNCT
ajfa-16655	212	29	that	that	DET
ajfa-16655	212	30	correlation	correlation	NOUN
ajfa-16655	212	31	is	be	AUX
ajfa-16655	212	32	negative	negative	ADJ
ajfa-16655	212	33	.	.	PUNCT
ajfa-16655	213	1	country	country	NOUN
ajfa-16655	213	2	wise	wise	ADJ
ajfa-16655	213	3	time	time	NOUN
ajfa-16655	213	4	series	series	PROPN
ajfa-16655	213	5	graph	graph	NOUN
ajfa-16655	213	6	from	from	ADP
ajfa-16655	213	7	2015	2015	NUM
ajfa-16655	213	8	-	-	SYM
ajfa-16655	213	9	2018	2018	NUM
ajfa-16655	213	10	time	time	NOUN
ajfa-16655	213	11	series	series	PROPN
ajfa-16655	213	12	line	line	PROPN
ajfa-16655	213	13	chart	chart	NOUN
ajfa-16655	213	14	indicates	indicate	VERB
ajfa-16655	213	15	that	that	SCONJ
ajfa-16655	213	16	trends	trend	NOUN
ajfa-16655	213	17	in	in	ADP
ajfa-16655	213	18	brazil	brazil	PROPN
ajfa-16655	213	19	,	,	PUNCT
ajfa-16655	213	20	china	china	PROPN
ajfa-16655	213	21	,	,	PUNCT
ajfa-16655	213	22	finland	finland	PROPN
ajfa-16655	213	23	,	,	PUNCT
ajfa-16655	213	24	pakistan	pakistan	PROPN
ajfa-16655	213	25	,	,	PUNCT
ajfa-16655	213	26	taiwan	taiwan	PROPN
ajfa-16655	213	27	,	,	PUNCT
ajfa-16655	213	28	and	and	CCONJ
ajfa-16655	213	29	usa	usa	PROPN
ajfa-16655	213	30	are	be	AUX
ajfa-16655	213	31	increasing	increase	VERB
ajfa-16655	213	32	over	over	ADP
ajfa-16655	213	33	a	a	DET
ajfa-16655	213	34	while	while	NOUN
ajfa-16655	213	35	from	from	ADP
ajfa-16655	213	36	2015	2015	NUM
ajfa-16655	213	37	to	to	ADP
ajfa-16655	213	38	2018	2018	NUM
ajfa-16655	213	39	and	and	CCONJ
ajfa-16655	213	40	rest	rest	NOUN
ajfa-16655	213	41	of	of	ADP
ajfa-16655	213	42	the	the	DET
ajfa-16655	213	43	countries	country	NOUN
ajfa-16655	213	44	follow	follow	VERB
ajfa-16655	213	45	the	the	DET
ajfa-16655	213	46	trend	trend	NOUN
ajfa-16655	213	47	of	of	ADP
ajfa-16655	213	48	decreasing	decrease	VERB
ajfa-16655	213	49	over	over	ADP
ajfa-16655	213	50	a	a	DET
ajfa-16655	213	51	period	period	NOUN
ajfa-16655	213	52	of	of	ADP
ajfa-16655	213	53	time	time	NOUN
ajfa-16655	213	54	.	.	PUNCT
ajfa-16655	214	1	4.3	4.3	NUM
ajfa-16655	214	2	research	research	NOUN
ajfa-16655	214	3	method	method	NOUN
ajfa-16655	214	4	the	the	DET
ajfa-16655	214	5	study	study	NOUN
ajfa-16655	214	6	used	use	VERB
ajfa-16655	214	7	accounting	accounting	NOUN
ajfa-16655	214	8	-	-	PUNCT
ajfa-16655	214	9	based	base	VERB
ajfa-16655	214	10	data	datum	NOUN
ajfa-16655	214	11	for	for	ADP
ajfa-16655	214	12	intangible	intangible	ADJ
ajfa-16655	214	13	assets	asset	NOUN
ajfa-16655	214	14	&	&	CCONJ
ajfa-16655	214	15	financial	financial	ADJ
ajfa-16655	214	16	indicators	indicator	NOUN
ajfa-16655	214	17	of	of	ADP
ajfa-16655	214	18	the	the	DET
ajfa-16655	214	19	firm	firm	NOUN
ajfa-16655	214	20	’s	’s	PART
ajfa-16655	214	21	income	income	NOUN
ajfa-16655	214	22	statement	statement	NOUN
ajfa-16655	214	23	&	&	CCONJ
ajfa-16655	214	24	balance	balance	NOUN
ajfa-16655	214	25	sheet	sheet	NOUN
ajfa-16655	214	26	or	or	CCONJ
ajfa-16655	214	27	in	in	ADP
ajfa-16655	214	28	disclosures	disclosure	NOUN
ajfa-16655	214	29	of	of	ADP
ajfa-16655	214	30	the	the	DET
ajfa-16655	214	31	annual	annual	ADJ
ajfa-16655	214	32	report	report	NOUN
ajfa-16655	214	33	.	.	PUNCT
ajfa-16655	215	1	to	to	PART
ajfa-16655	215	2	examine	examine	VERB
ajfa-16655	215	3	the	the	DET
ajfa-16655	215	4	effect	effect	NOUN
ajfa-16655	215	5	of	of	ADP
ajfa-16655	215	6	the	the	DET
ajfa-16655	215	7	firm	firm	NOUN
ajfa-16655	215	8	’s	’s	PART
ajfa-16655	215	9	intangible	intangible	ADJ
ajfa-16655	215	10	assets	asset	NOUN
ajfa-16655	215	11	on	on	ADP
ajfa-16655	215	12	the	the	DET
ajfa-16655	215	13	firm	firm	NOUN
ajfa-16655	215	14	’s	’s	PART
ajfa-16655	215	15	performance	performance	NOUN
ajfa-16655	215	16	,	,	PUNCT
ajfa-16655	215	17	firm	firm	ADJ
ajfa-16655	215	18	policy	policy	NOUN
ajfa-16655	215	19	&	&	CCONJ
ajfa-16655	215	20	firm	firm	ADJ
ajfa-16655	215	21	value	value	NOUN
ajfa-16655	215	22	we	we	PRON
ajfa-16655	215	23	estimate	estimate	VERB
ajfa-16655	215	24	sem	sem	ADJ
ajfa-16655	215	25	equation	equation	NOUN
ajfa-16655	215	26	model	model	NOUN
ajfa-16655	215	27	through	through	ADP
ajfa-16655	215	28	smart	smart	ADJ
ajfa-16655	215	29	pls	pls	NOUN
ajfa-16655	215	30	3	3	NUM
ajfa-16655	215	31	.	.	X
ajfa-16655	216	1	ia	ia	PROPN
ajfa-16655	216	2	=	=	PROPN
ajfa-16655	216	3	α+β1roa+β2ato+β3roe+β4roic+β5profitability+β6der+β7dpr+β8pe	α+β1roa+β2ato+β3roe+β4roic+β5profitability+β6der+β7dpr+β8pe	NOUN
ajfa-16655	216	4	+	+	ADJ
ajfa-16655	216	5	β9pbv+β10psr+e	β9pbv+β10psr+e	PROPN
ajfa-16655	216	6	asian	asian	ADJ
ajfa-16655	216	7	journal	journal	NOUN
ajfa-16655	216	8	of	of	ADP
ajfa-16655	216	9	finance	finance	PROPN
ajfa-16655	216	10	&	&	CCONJ
ajfa-16655	216	11	accounting	accounting	PROPN
ajfa-16655	216	12	issn	issn	PROPN
ajfa-16655	216	13	1946	1946	NUM
ajfa-16655	216	14	-	-	PUNCT
ajfa-16655	216	15	052x	052x	NOUN
ajfa-16655	216	16	2020	2020	NUM
ajfa-16655	216	17	,	,	PUNCT
ajfa-16655	216	18	vol	vol	NOUN
ajfa-16655	216	19	.	.	PROPN
ajfa-16655	216	20	12	12	NUM
ajfa-16655	216	21	,	,	PUNCT
ajfa-16655	216	22	no	no	INTJ
ajfa-16655	216	23	.	.	NOUN
ajfa-16655	216	24	1	1	NUM
ajfa-16655	216	25	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	216	26	45	45	NUM
ajfa-16655	216	27	table	table	NOUN
ajfa-16655	216	28	3	3	NUM
ajfa-16655	216	29	.	.	PUNCT
ajfa-16655	216	30	model	model	PROPN
ajfa-16655	216	31	variables	variable	NOUN
ajfa-16655	216	32	variable	variable	ADJ
ajfa-16655	216	33	type	type	NOUN
ajfa-16655	216	34	description	description	NOUN
ajfa-16655	216	35	intangible	intangible	ADJ
ajfa-16655	216	36	assets	asset	NOUN
ajfa-16655	216	37	independent	independent	ADJ
ajfa-16655	216	38	variable	variable	NOUN
ajfa-16655	216	39	posted	post	VERB
ajfa-16655	216	40	in	in	ADP
ajfa-16655	216	41	financial	financial	ADJ
ajfa-16655	216	42	statement	statement	NOUN
ajfa-16655	216	43	of	of	ADP
ajfa-16655	216	44	companies	company	NOUN
ajfa-16655	216	45	return	return	VERB
ajfa-16655	216	46	on	on	ADP
ajfa-16655	216	47	assets	asset	NOUN
ajfa-16655	216	48	dependent	dependent	ADJ
ajfa-16655	216	49	variable	variable	ADJ
ajfa-16655	216	50	net	net	ADJ
ajfa-16655	216	51	income	income	NOUN
ajfa-16655	216	52	divided	divide	VERB
ajfa-16655	216	53	by	by	ADP
ajfa-16655	216	54	total	total	ADJ
ajfa-16655	216	55	assets	asset	NOUN
ajfa-16655	216	56	asset	asset	NOUN
ajfa-16655	216	57	turnover	turnover	NOUN
ajfa-16655	216	58	ratio	ratio	NOUN
ajfa-16655	216	59	dependent	dependent	ADJ
ajfa-16655	216	60	variable	variable	ADJ
ajfa-16655	216	61	sales	sale	NOUN
ajfa-16655	216	62	divided	divide	VERB
ajfa-16655	216	63	by	by	ADP
ajfa-16655	216	64	average	average	ADJ
ajfa-16655	216	65	total	total	ADJ
ajfa-16655	216	66	assets	asset	NOUN
ajfa-16655	216	67	return	return	VERB
ajfa-16655	216	68	on	on	ADP
ajfa-16655	216	69	equity	equity	NOUN
ajfa-16655	216	70	dependent	dependent	ADJ
ajfa-16655	216	71	variable	variable	ADJ
ajfa-16655	216	72	net	net	ADJ
ajfa-16655	216	73	income	income	NOUN
ajfa-16655	216	74	divided	divide	VERB
ajfa-16655	216	75	by	by	ADP
ajfa-16655	216	76	total	total	ADJ
ajfa-16655	216	77	equity	equity	NOUN
ajfa-16655	216	78	return	return	NOUN
ajfa-16655	216	79	on	on	ADP
ajfa-16655	216	80	invested	invest	VERB
ajfa-16655	216	81	capital	capital	NOUN
ajfa-16655	216	82	dependent	dependent	ADJ
ajfa-16655	216	83	variable	variable	NOUN
ajfa-16655	216	84	(	(	PUNCT
ajfa-16655	216	85	net	net	ADJ
ajfa-16655	216	86	income	income	NOUN
ajfa-16655	216	87	dividend	dividend	NOUN
ajfa-16655	216	88	)	)	PUNCT
ajfa-16655	216	89	/	/	PUNCT
ajfa-16655	216	90	(	(	PUNCT
ajfa-16655	216	91	debt	debt	NOUN
ajfa-16655	216	92	+	+	X
ajfa-16655	216	93	equity	equity	NOUN
ajfa-16655	216	94	)	)	PUNCT
ajfa-16655	216	95	.	.	PUNCT
ajfa-16655	217	1	profitability	profitability	NOUN
ajfa-16655	217	2	dependent	dependent	ADJ
ajfa-16655	217	3	variable	variable	ADJ
ajfa-16655	217	4	net	net	ADJ
ajfa-16655	217	5	income	income	NOUN
ajfa-16655	217	6	divided	divide	VERB
ajfa-16655	217	7	by	by	ADP
ajfa-16655	217	8	total	total	ADJ
ajfa-16655	217	9	profitability	profitability	NOUN
ajfa-16655	217	10	debt	debt	NOUN
ajfa-16655	217	11	to	to	ADP
ajfa-16655	217	12	equity	equity	NOUN
ajfa-16655	217	13	ratio	ratio	NOUN
ajfa-16655	217	14	dependent	dependent	ADJ
ajfa-16655	217	15	variable	variable	ADJ
ajfa-16655	217	16	total	total	ADJ
ajfa-16655	217	17	debt	debt	NOUN
ajfa-16655	217	18	divided	divide	VERB
ajfa-16655	217	19	by	by	ADP
ajfa-16655	217	20	total	total	ADJ
ajfa-16655	217	21	equity	equity	NOUN
ajfa-16655	217	22	dividend	dividend	NOUN
ajfa-16655	217	23	payout	payout	NOUN
ajfa-16655	217	24	ratio	ratio	NOUN
ajfa-16655	217	25	dependent	dependent	ADJ
ajfa-16655	217	26	variable	variable	ADJ
ajfa-16655	217	27	dividend	dividend	NOUN
ajfa-16655	217	28	per	per	ADP
ajfa-16655	217	29	share	share	NOUN
ajfa-16655	217	30	divided	divide	VERB
ajfa-16655	217	31	by	by	ADP
ajfa-16655	217	32	the	the	DET
ajfa-16655	217	33	earnings	earning	NOUN
ajfa-16655	217	34	per	per	ADP
ajfa-16655	217	35	share	share	NOUN
ajfa-16655	217	36	price	price	NOUN
ajfa-16655	217	37	earnings	earning	NOUN
ajfa-16655	217	38	ratio	ratio	NOUN
ajfa-16655	217	39	dependent	dependent	ADJ
ajfa-16655	217	40	variable	variable	NOUN
ajfa-16655	217	41	dividing	divide	VERB
ajfa-16655	217	42	the	the	DET
ajfa-16655	217	43	market	market	NOUN
ajfa-16655	217	44	value	value	NOUN
ajfa-16655	217	45	price	price	NOUN
ajfa-16655	217	46	per	per	ADP
ajfa-16655	217	47	share	share	NOUN
ajfa-16655	217	48	by	by	ADP
ajfa-16655	217	49	the	the	DET
ajfa-16655	217	50	earnings	earning	NOUN
ajfa-16655	217	51	per	per	ADP
ajfa-16655	217	52	share	share	NOUN
ajfa-16655	217	53	price	price	NOUN
ajfa-16655	217	54	to	to	ADP
ajfa-16655	217	55	book	book	NOUN
ajfa-16655	217	56	value	value	NOUN
ajfa-16655	217	57	dependent	dependent	ADJ
ajfa-16655	217	58	variable	variable	NOUN
ajfa-16655	217	59	dividing	divide	VERB
ajfa-16655	217	60	the	the	DET
ajfa-16655	217	61	market	market	NOUN
ajfa-16655	217	62	value	value	NOUN
ajfa-16655	217	63	price	price	NOUN
ajfa-16655	217	64	per	per	ADP
ajfa-16655	217	65	share	share	NOUN
ajfa-16655	217	66	by	by	ADP
ajfa-16655	217	67	the	the	DET
ajfa-16655	217	68	book	book	NOUN
ajfa-16655	217	69	value	value	NOUN
ajfa-16655	217	70	per	per	ADP
ajfa-16655	217	71	share	share	NOUN
ajfa-16655	217	72	price	price	NOUN
ajfa-16655	217	73	to	to	ADP
ajfa-16655	217	74	sales	sale	NOUN
ajfa-16655	217	75	ratio	ratio	NOUN
ajfa-16655	217	76	dependent	dependent	ADJ
ajfa-16655	217	77	variable	variable	NOUN
ajfa-16655	217	78	dividing	divide	VERB
ajfa-16655	217	79	the	the	DET
ajfa-16655	217	80	market	market	NOUN
ajfa-16655	217	81	value	value	NOUN
ajfa-16655	217	82	price	price	NOUN
ajfa-16655	217	83	per	per	ADP
ajfa-16655	217	84	share	share	NOUN
ajfa-16655	217	85	by	by	ADP
ajfa-16655	217	86	the	the	DET
ajfa-16655	217	87	sales	sale	NOUN
ajfa-16655	217	88	per	per	ADP
ajfa-16655	217	89	share	share	NOUN
ajfa-16655	217	90	5	5	NUM
ajfa-16655	217	91	.	.	PUNCT
ajfa-16655	217	92	results	result	NOUN
ajfa-16655	217	93	and	and	CCONJ
ajfa-16655	217	94	data	datum	NOUN
ajfa-16655	217	95	analysis	analysis	NOUN
ajfa-16655	217	96	5.1	5.1	NUM
ajfa-16655	217	97	descriptive	descriptive	ADJ
ajfa-16655	217	98	statistics	statistic	NOUN
ajfa-16655	217	99	(	(	PUNCT
ajfa-16655	217	100	construct	construct	VERB
ajfa-16655	217	101	means	mean	NOUN
ajfa-16655	217	102	and	and	CCONJ
ajfa-16655	217	103	sd	sd	NOUN
ajfa-16655	217	104	)	)	PUNCT
ajfa-16655	217	105	this	this	DET
ajfa-16655	217	106	section	section	NOUN
ajfa-16655	217	107	presents	present	VERB
ajfa-16655	217	108	the	the	DET
ajfa-16655	217	109	values	value	NOUN
ajfa-16655	217	110	for	for	ADP
ajfa-16655	217	111	minimum	minimum	ADJ
ajfa-16655	217	112	,	,	PUNCT
ajfa-16655	217	113	maximum	maximum	ADJ
ajfa-16655	217	114	,	,	PUNCT
ajfa-16655	217	115	mean	mean	ADJ
ajfa-16655	217	116	,	,	PUNCT
ajfa-16655	217	117	and	and	CCONJ
ajfa-16655	217	118	standard	standard	ADJ
ajfa-16655	217	119	deviation	deviation	NOUN
ajfa-16655	217	120	for	for	ADP
ajfa-16655	217	121	each	each	PRON
ajfa-16655	217	122	of	of	ADP
ajfa-16655	217	123	the	the	DET
ajfa-16655	217	124	used	use	VERB
ajfa-16655	217	125	variables	variable	NOUN
ajfa-16655	217	126	in	in	ADP
ajfa-16655	217	127	the	the	DET
ajfa-16655	217	128	research	research	NOUN
ajfa-16655	217	129	(	(	PUNCT
ajfa-16655	217	130	table	table	NOUN
ajfa-16655	217	131	4	4	NUM
ajfa-16655	217	132	)	)	PUNCT
ajfa-16655	217	133	table	table	NOUN
ajfa-16655	217	134	4	4	NUM
ajfa-16655	217	135	.	.	PUNCT
ajfa-16655	217	136	descriptive	descriptive	ADJ
ajfa-16655	217	137	statistics	statistic	NOUN
ajfa-16655	217	138	(	(	PUNCT
ajfa-16655	217	139	country	country	NOUN
ajfa-16655	217	140	groups	group	NOUN
ajfa-16655	217	141	)	)	PUNCT
ajfa-16655	217	142	5.2	5.2	NUM
ajfa-16655	217	143	inter	inter	ADJ
ajfa-16655	217	144	-	-	ADJ
ajfa-16655	217	145	construct	construct	ADJ
ajfa-16655	217	146	correlation	correlation	NOUN
ajfa-16655	217	147	the	the	DET
ajfa-16655	217	148	table	table	NOUN
ajfa-16655	217	149	5	5	NUM
ajfa-16655	217	150	summarizes	summarize	NOUN
ajfa-16655	217	151	the	the	DET
ajfa-16655	217	152	inter	inter	ADJ
ajfa-16655	217	153	-	-	ADJ
ajfa-16655	217	154	construct	construct	ADJ
ajfa-16655	217	155	correlation	correlation	NOUN
ajfa-16655	217	156	between	between	ADP
ajfa-16655	217	157	different	different	ADJ
ajfa-16655	217	158	constructs	construct	NOUN
ajfa-16655	217	159	in	in	ADP
ajfa-16655	217	160	the	the	DET
ajfa-16655	217	161	study	study	NOUN
ajfa-16655	217	162	.	.	PUNCT
ajfa-16655	218	1	asian	asian	ADJ
ajfa-16655	218	2	journal	journal	PROPN
ajfa-16655	218	3	of	of	ADP
ajfa-16655	218	4	finance	finance	PROPN
ajfa-16655	218	5	&	&	CCONJ
ajfa-16655	218	6	accounting	accounting	PROPN
ajfa-16655	218	7	issn	issn	PROPN
ajfa-16655	218	8	1946	1946	NUM
ajfa-16655	218	9	-	-	PUNCT
ajfa-16655	218	10	052x	052x	NOUN
ajfa-16655	218	11	2020	2020	NUM
ajfa-16655	218	12	,	,	PUNCT
ajfa-16655	218	13	vol	vol	NOUN
ajfa-16655	218	14	.	.	PROPN
ajfa-16655	218	15	12	12	NUM
ajfa-16655	218	16	,	,	PUNCT
ajfa-16655	218	17	no	no	INTJ
ajfa-16655	218	18	.	.	NOUN
ajfa-16655	218	19	1	1	NUM
ajfa-16655	218	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	218	21	46	46	NUM
ajfa-16655	218	22	table	table	NOUN
ajfa-16655	218	23	5	5	NUM
ajfa-16655	218	24	.	.	PUNCT
ajfa-16655	219	1	inter	inter	ADJ
ajfa-16655	219	2	-	-	ADJ
ajfa-16655	219	3	construct	construct	ADJ
ajfa-16655	219	4	correlation	correlation	NOUN
ajfa-16655	219	5	analysis	analysis	NOUN
ajfa-16655	219	6	1	1	NUM
ajfa-16655	219	7	2	2	NUM
ajfa-16655	219	8	3	3	NUM
ajfa-16655	219	9	4	4	NUM
ajfa-16655	219	10	5	5	NUM
ajfa-16655	219	11	6	6	NUM
ajfa-16655	219	12	7	7	NUM
ajfa-16655	219	13	8	8	NUM
ajfa-16655	219	14	9	9	NUM
ajfa-16655	219	15	10	10	NUM
ajfa-16655	219	16	11	11	NUM
ajfa-16655	219	17	roa	roa	NOUN
ajfa-16655	219	18	(	(	PUNCT
ajfa-16655	219	19	1	1	NUM
ajfa-16655	219	20	)	)	PUNCT
ajfa-16655	219	21	1	1	NUM
ajfa-16655	219	22	roe	roe	NOUN
ajfa-16655	219	23	(	(	PUNCT
ajfa-16655	219	24	2	2	NUM
ajfa-16655	219	25	)	)	PUNCT
ajfa-16655	219	26	0.818	0.818	NUM
ajfa-16655	219	27	1	1	NUM
ajfa-16655	219	28	roic	roic	ADJ
ajfa-16655	219	29	(	(	PUNCT
ajfa-16655	219	30	3	3	NUM
ajfa-16655	219	31	)	)	PUNCT
ajfa-16655	219	32	0.89	0.89	NUM
ajfa-16655	219	33	0.84	0.84	NUM
ajfa-16655	219	34	1	1	NUM
ajfa-16655	219	35	ato	ato	NOUN
ajfa-16655	219	36	(	(	PUNCT
ajfa-16655	219	37	4	4	NUM
ajfa-16655	219	38	)	)	PUNCT
ajfa-16655	219	39	0.7	0.7	NUM
ajfa-16655	219	40	0.632	0.632	NUM
ajfa-16655	219	41	0.662	0.662	NUM
ajfa-16655	219	42	1	1	NUM
ajfa-16655	219	43	profitability	profitability	NOUN
ajfa-16655	219	44	(	(	PUNCT
ajfa-16655	219	45	5	5	NUM
ajfa-16655	219	46	)	)	PUNCT
ajfa-16655	219	47	-0.054	-0.054	NOUN
ajfa-16655	220	1	-0.043	-0.043	NOUN
ajfa-16655	220	2	-0.052	-0.052	PUNCT
ajfa-16655	220	3	-0.047	-0.047	NOUN
ajfa-16655	220	4	1	1	NUM
ajfa-16655	220	5	intangible	intangible	ADJ
ajfa-16655	220	6	assets	asset	NOUN
ajfa-16655	220	7	(	(	PUNCT
ajfa-16655	220	8	6	6	NUM
ajfa-16655	220	9	)	)	PUNCT
ajfa-16655	220	10	-0.057	-0.057	PUNCT
ajfa-16655	220	11	-0.046	-0.046	VERB
ajfa-16655	220	12	-0.054	-0.054	NUM
ajfa-16655	220	13	-0.056	-0.056	PUNCT
ajfa-16655	220	14	-0.013	-0.013	PUNCT
ajfa-16655	220	15	1	1	NUM
ajfa-16655	220	16	debttoequityratio	debttoequityratio	NOUN
ajfa-16655	220	17	(	(	PUNCT
ajfa-16655	220	18	7	7	NUM
ajfa-16655	220	19	)	)	PUNCT
ajfa-16655	220	20	-0.091	-0.091	NUM
ajfa-16655	220	21	-0.071	-0.071	PROPN
ajfa-16655	220	22	-0.094	-0.094	PUNCT
ajfa-16655	220	23	-0.077	-0.077	PROPN
ajfa-16655	220	24	0.007	0.007	NUM
ajfa-16655	220	25	-0.016	-0.016	NUM
ajfa-16655	220	26	1	1	NUM
ajfa-16655	220	27	dividendpayoutratio	dividendpayoutratio	NOUN
ajfa-16655	220	28	(	(	PUNCT
ajfa-16655	220	29	8)	8)	NUM
ajfa-16655	220	30	-0.014	-0.014	NOUN
ajfa-16655	220	31	0.014	0.014	NUM
ajfa-16655	220	32	-0.021	-0.021	NOUN
ajfa-16655	220	33	-0.067	-0.067	NUM
ajfa-16655	220	34	0.063	0.063	NUM
ajfa-16655	220	35	0.085	0.085	NUM
ajfa-16655	220	36	-0.114	-0.114	NOUN
ajfa-16655	220	37	1	1	NUM
ajfa-16655	220	38	pe	pe	PROPN
ajfa-16655	220	39	(	(	PUNCT
ajfa-16655	220	40	9	9	NUM
ajfa-16655	220	41	)	)	PUNCT
ajfa-16655	220	42	-0.049	-0.049	PRON
ajfa-16655	220	43	-0.042	-0.042	PUNCT
ajfa-16655	220	44	-0.052	-0.052	X
ajfa-16655	220	45	-0.058	-0.058	X
ajfa-16655	220	46	-0.009	-0.009	PROPN
ajfa-16655	220	47	0.31	0.31	NUM
ajfa-16655	220	48	-0.022	-0.022	NUM
ajfa-16655	220	49	0.067	0.067	NUM
ajfa-16655	220	50	1	1	NUM
ajfa-16655	220	51	pbookvalue	pbookvalue	NOUN
ajfa-16655	220	52	(	(	PUNCT
ajfa-16655	220	53	10	10	NUM
ajfa-16655	220	54	)	)	PUNCT
ajfa-16655	220	55	-0.062	-0.062	PRON
ajfa-16655	220	56	-0.052	-0.052	PRON
ajfa-16655	221	1	-0.063	-0.063	PUNCT
ajfa-16655	221	2	-0.068	-0.068	X
ajfa-16655	222	1	-0.011	-0.011	NOUN
ajfa-16655	223	1	-0.016	-0.016	ADP
ajfa-16655	223	2	0.019	0.019	NUM
ajfa-16655	223	3	-0.052	-0.052	NUM
ajfa-16655	223	4	-0.024	-0.024	PUNCT
ajfa-16655	223	5	1	1	NUM
ajfa-16655	223	6	psales	psale	NOUN
ajfa-16655	223	7	(	(	PUNCT
ajfa-16655	223	8	11	11	NUM
ajfa-16655	223	9	)	)	PUNCT
ajfa-16655	223	10	0.066	0.066	NUM
ajfa-16655	223	11	-0.073	-0.073	X
ajfa-16655	223	12	-0.084	-0.084	NUM
ajfa-16655	223	13	-0.089	-0.089	NOUN
ajfa-16655	223	14	-0.013	-0.013	PUNCT
ajfa-16655	223	15	-0.026	-0.026	PUNCT
ajfa-16655	223	16	-0.016	-0.016	X
ajfa-16655	223	17	0.029	0.029	NUM
ajfa-16655	223	18	0.022	0.022	NUM
ajfa-16655	223	19	0.44	0.44	NUM
ajfa-16655	223	20	1	1	NUM
ajfa-16655	223	21	structural	structural	ADJ
ajfa-16655	223	22	equation	equation	NOUN
ajfa-16655	223	23	model	model	NOUN
ajfa-16655	223	24	this	this	DET
ajfa-16655	223	25	section	section	NOUN
ajfa-16655	223	26	ascertains	ascertain	VERB
ajfa-16655	223	27	the	the	DET
ajfa-16655	223	28	proposed	propose	VERB
ajfa-16655	223	29	relationships	relationship	NOUN
ajfa-16655	223	30	in	in	ADP
ajfa-16655	223	31	the	the	DET
ajfa-16655	223	32	study	study	NOUN
ajfa-16655	223	33	.	.	PUNCT
ajfa-16655	224	1	the	the	DET
ajfa-16655	224	2	structural	structural	ADJ
ajfa-16655	224	3	model	model	NOUN
ajfa-16655	224	4	shows	show	VERB
ajfa-16655	224	5	how	how	SCONJ
ajfa-16655	224	6	well	well	ADV
ajfa-16655	224	7	the	the	DET
ajfa-16655	224	8	theoretical	theoretical	ADJ
ajfa-16655	224	9	model	model	NOUN
ajfa-16655	224	10	predicts	predict	VERB
ajfa-16655	224	11	the	the	DET
ajfa-16655	224	12	hypothesized	hypothesized	ADJ
ajfa-16655	224	13	paths	path	NOUN
ajfa-16655	224	14	.	.	PUNCT
ajfa-16655	225	1	5.3	5.3	NUM
ajfa-16655	225	2	hypotheses	hypothesis	NOUN
ajfa-16655	225	3	testing	testing	NOUN
ajfa-16655	225	4	(	(	PUNCT
ajfa-16655	225	5	overall	overall	ADJ
ajfa-16655	225	6	data	datum	NOUN
ajfa-16655	225	7	)	)	PUNCT
ajfa-16655	225	8	h1	h1	PROPN
ajfa-16655	225	9	.	.	PUNCT
ajfa-16655	226	1	intangible	intangible	ADJ
ajfa-16655	226	2	asset	asset	NOUN
ajfa-16655	226	3	has	have	VERB
ajfa-16655	226	4	a	a	DET
ajfa-16655	226	5	direct	direct	ADJ
ajfa-16655	226	6	positive	positive	ADJ
ajfa-16655	226	7	impact	impact	NOUN
ajfa-16655	226	8	on	on	ADP
ajfa-16655	226	9	the	the	DET
ajfa-16655	226	10	financial	financial	ADJ
ajfa-16655	226	11	performance	performance	NOUN
ajfa-16655	226	12	of	of	ADP
ajfa-16655	226	13	the	the	DET
ajfa-16655	226	14	technology	technology	NOUN
ajfa-16655	226	15	firm	firm	NOUN
ajfa-16655	226	16	h1a	h1a	NOUN
ajfa-16655	226	17	:	:	PUNCT
ajfa-16655	226	18	intangible	intangible	ADJ
ajfa-16655	226	19	assets	asset	NOUN
ajfa-16655	226	20	has	have	VERB
ajfa-16655	226	21	significant	significant	ADJ
ajfa-16655	226	22	effect	effect	NOUN
ajfa-16655	226	23	on	on	ADP
ajfa-16655	226	24	roe	roe	PROPN
ajfa-16655	226	25	h1a	h1a	PROPN
ajfa-16655	226	26	evaluates	evaluate	VERB
ajfa-16655	226	27	the	the	DET
ajfa-16655	226	28	impact	impact	NOUN
ajfa-16655	226	29	of	of	ADP
ajfa-16655	226	30	intangible	intangible	ADJ
ajfa-16655	226	31	assets	asset	NOUN
ajfa-16655	226	32	on	on	ADP
ajfa-16655	226	33	roe	roe	NOUN
ajfa-16655	226	34	.	.	PUNCT
ajfa-16655	227	1	the	the	DET
ajfa-16655	227	2	hypotheses	hypothesis	NOUN
ajfa-16655	227	3	results	result	VERB
ajfa-16655	227	4	show	show	VERB
ajfa-16655	227	5	that	that	SCONJ
ajfa-16655	227	6	assets	asset	NOUN
ajfa-16655	227	7	have	have	VERB
ajfa-16655	227	8	a	a	DET
ajfa-16655	227	9	significant	significant	ADJ
ajfa-16655	227	10	negative	negative	ADJ
ajfa-16655	227	11	impact	impact	NOUN
ajfa-16655	227	12	on	on	ADP
ajfa-16655	227	13	roe	roe	PROPN
ajfa-16655	227	14	(	(	PUNCT
ajfa-16655	227	15	β	β	X
ajfa-16655	227	16	=	=	SYM
ajfa-16655	228	1	-0.045	-0.045	PROPN
ajfa-16655	228	2	,	,	PUNCT
ajfa-16655	228	3	t	t	NOUN
ajfa-16655	228	4	=	=	PUNCT
ajfa-16655	228	5	2.619	2.619	NUM
ajfa-16655	228	6	,	,	PUNCT
ajfa-16655	228	7	p	p	X
ajfa-16655	228	8	=	=	NOUN
ajfa-16655	228	9	0.000	0.000	NUM
ajfa-16655	228	10	)	)	PUNCT
ajfa-16655	228	11	.	.	PUNCT
ajfa-16655	229	1	this	this	PRON
ajfa-16655	229	2	shows	show	VERB
ajfa-16655	229	3	that	that	SCONJ
ajfa-16655	229	4	higher	high	ADJ
ajfa-16655	229	5	intangible	intangible	ADJ
ajfa-16655	229	6	assets	asset	NOUN
ajfa-16655	229	7	would	would	AUX
ajfa-16655	229	8	lead	lead	VERB
ajfa-16655	229	9	to	to	ADP
ajfa-16655	229	10	lower	low	ADJ
ajfa-16655	229	11	roe	roe	NOUN
ajfa-16655	229	12	.	.	PUNCT
ajfa-16655	230	1	hence	hence	ADV
ajfa-16655	230	2	,	,	PUNCT
ajfa-16655	230	3	the	the	DET
ajfa-16655	230	4	hypotheses	hypothesis	NOUN
ajfa-16655	230	5	h1a	h1a	PRON
ajfa-16655	230	6	was	be	AUX
ajfa-16655	230	7	not	not	PART
ajfa-16655	230	8	supported	support	VERB
ajfa-16655	230	9	.	.	PUNCT
ajfa-16655	231	1	h1b	h1b	NOUN
ajfa-16655	231	2	:	:	PUNCT
ajfa-16655	231	3	intangible	intangible	ADJ
ajfa-16655	231	4	assets	asset	NOUN
ajfa-16655	231	5	has	have	VERB
ajfa-16655	231	6	significant	significant	ADJ
ajfa-16655	231	7	effect	effect	NOUN
ajfa-16655	231	8	on	on	ADP
ajfa-16655	231	9	roa	roa	PROPN
ajfa-16655	231	10	h1b	h1b	PROPN
ajfa-16655	231	11	evaluates	evaluate	VERB
ajfa-16655	231	12	the	the	DET
ajfa-16655	231	13	impact	impact	NOUN
ajfa-16655	231	14	of	of	ADP
ajfa-16655	231	15	intangible	intangible	ADJ
ajfa-16655	231	16	assets	asset	NOUN
ajfa-16655	231	17	on	on	ADP
ajfa-16655	231	18	roa	roa	PROPN
ajfa-16655	231	19	.	.	PUNCT
ajfa-16655	232	1	the	the	DET
ajfa-16655	232	2	hypotheses	hypothesis	NOUN
ajfa-16655	232	3	results	result	NOUN
ajfa-16655	232	4	show	show	VERB
ajfa-16655	232	5	that	that	SCONJ
ajfa-16655	232	6	assets	asset	NOUN
ajfa-16655	232	7	have	have	VERB
ajfa-16655	232	8	a	a	DET
ajfa-16655	232	9	significant	significant	ADJ
ajfa-16655	232	10	negative	negative	ADJ
ajfa-16655	232	11	impact	impact	NOUN
ajfa-16655	232	12	on	on	ADP
ajfa-16655	232	13	roa	roa	PROPN
ajfa-16655	232	14	(	(	PUNCT
ajfa-16655	232	15	β	β	X
ajfa-16655	232	16	=	=	SYM
ajfa-16655	232	17	-0.056	-0.056	PROPN
ajfa-16655	232	18	,	,	PUNCT
ajfa-16655	232	19	t	t	NOUN
ajfa-16655	232	20	=	=	PUNCT
ajfa-16655	232	21	2.570	2.570	NUM
ajfa-16655	232	22	,	,	PUNCT
ajfa-16655	232	23	p	p	NOUN
ajfa-16655	232	24	=	=	NOUN
ajfa-16655	232	25	0.01	0.01	NUM
ajfa-16655	232	26	)	)	PUNCT
ajfa-16655	232	27	.	.	PUNCT
ajfa-16655	233	1	this	this	PRON
ajfa-16655	233	2	shows	show	VERB
ajfa-16655	233	3	that	that	SCONJ
ajfa-16655	233	4	higher	high	ADJ
ajfa-16655	233	5	intangible	intangible	ADJ
ajfa-16655	233	6	assets	asset	NOUN
ajfa-16655	233	7	would	would	AUX
ajfa-16655	233	8	lead	lead	VERB
ajfa-16655	233	9	to	to	ADP
ajfa-16655	233	10	lower	low	ADJ
ajfa-16655	233	11	roa	roa	NOUN
ajfa-16655	233	12	.	.	PUNCT
ajfa-16655	234	1	hence	hence	ADV
ajfa-16655	234	2	,	,	PUNCT
ajfa-16655	234	3	the	the	DET
ajfa-16655	234	4	hypotheses	hypothesis	NOUN
ajfa-16655	234	5	h1b	h1b	PRON
ajfa-16655	234	6	was	be	AUX
ajfa-16655	234	7	not	not	PART
ajfa-16655	234	8	supported	support	VERB
ajfa-16655	234	9	.	.	PUNCT
ajfa-16655	235	1	asian	asian	ADJ
ajfa-16655	235	2	journal	journal	PROPN
ajfa-16655	235	3	of	of	ADP
ajfa-16655	235	4	finance	finance	PROPN
ajfa-16655	235	5	&	&	CCONJ
ajfa-16655	235	6	accounting	accounting	PROPN
ajfa-16655	235	7	issn	issn	PROPN
ajfa-16655	235	8	1946	1946	NUM
ajfa-16655	235	9	-	-	PUNCT
ajfa-16655	235	10	052x	052x	NOUN
ajfa-16655	235	11	2020	2020	NUM
ajfa-16655	235	12	,	,	PUNCT
ajfa-16655	235	13	vol	vol	NOUN
ajfa-16655	235	14	.	.	PROPN
ajfa-16655	235	15	12	12	NUM
ajfa-16655	235	16	,	,	PUNCT
ajfa-16655	235	17	no	no	INTJ
ajfa-16655	235	18	.	.	NOUN
ajfa-16655	235	19	1	1	NUM
ajfa-16655	235	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	235	21	47	47	NUM
ajfa-16655	235	22	figure	figure	NOUN
ajfa-16655	235	23	2	2	NUM
ajfa-16655	235	24	.	.	PUNCT
ajfa-16655	235	25	pls	pls	PROPN
ajfa-16655	235	26	model	model	PROPN
ajfa-16655	235	27	h1c	h1c	PROPN
ajfa-16655	235	28	:	:	PUNCT
ajfa-16655	235	29	intangible	intangible	ADJ
ajfa-16655	235	30	assets	asset	NOUN
ajfa-16655	235	31	has	have	AUX
ajfa-16655	235	32	significant	significant	ADJ
ajfa-16655	235	33	effect	effect	NOUN
ajfa-16655	235	34	on	on	ADP
ajfa-16655	235	35	roic	roic	ADJ
ajfa-16655	235	36	h1c	h1c	PUNCT
ajfa-16655	235	37	evaluates	evaluate	VERB
ajfa-16655	235	38	the	the	DET
ajfa-16655	235	39	impact	impact	NOUN
ajfa-16655	235	40	of	of	ADP
ajfa-16655	235	41	intangible	intangible	ADJ
ajfa-16655	235	42	assets	asset	NOUN
ajfa-16655	235	43	on	on	ADP
ajfa-16655	235	44	roic	roic	ADJ
ajfa-16655	235	45	.	.	PUNCT
ajfa-16655	236	1	the	the	DET
ajfa-16655	236	2	hypotheses	hypothesis	NOUN
ajfa-16655	236	3	results	result	VERB
ajfa-16655	236	4	show	show	VERB
ajfa-16655	236	5	that	that	SCONJ
ajfa-16655	236	6	assets	asset	NOUN
ajfa-16655	236	7	have	have	VERB
ajfa-16655	236	8	a	a	DET
ajfa-16655	236	9	significant	significant	ADJ
ajfa-16655	236	10	negative	negative	ADJ
ajfa-16655	236	11	impact	impact	NOUN
ajfa-16655	236	12	on	on	ADP
ajfa-16655	236	13	roic	roic	ADJ
ajfa-16655	236	14	(	(	PUNCT
ajfa-16655	236	15	β	β	X
ajfa-16655	236	16	=	=	SYM
ajfa-16655	236	17	-0.053	-0.053	PROPN
ajfa-16655	236	18	,	,	PUNCT
ajfa-16655	236	19	t	t	X
ajfa-16655	236	20	=	=	PUNCT
ajfa-16655	236	21	2.990	2.990	NUM
ajfa-16655	236	22	,	,	PUNCT
ajfa-16655	236	23	p	p	X
ajfa-16655	236	24	=	=	NOUN
ajfa-16655	236	25	0.003	0.003	NUM
ajfa-16655	236	26	)	)	PUNCT
ajfa-16655	236	27	.	.	PUNCT
ajfa-16655	237	1	this	this	PRON
ajfa-16655	237	2	shows	show	VERB
ajfa-16655	237	3	that	that	SCONJ
ajfa-16655	237	4	higher	high	ADJ
ajfa-16655	237	5	intangible	intangible	ADJ
ajfa-16655	237	6	assets	asset	NOUN
ajfa-16655	237	7	would	would	AUX
ajfa-16655	237	8	lead	lead	VERB
ajfa-16655	237	9	to	to	ADP
ajfa-16655	237	10	lower	low	ADJ
ajfa-16655	237	11	roic	roic	ADJ
ajfa-16655	237	12	.	.	PUNCT
ajfa-16655	238	1	hence	hence	ADV
ajfa-16655	238	2	,	,	PUNCT
ajfa-16655	238	3	the	the	DET
ajfa-16655	238	4	hypotheses	hypothesis	NOUN
ajfa-16655	238	5	h1c	h1c	VERB
ajfa-16655	238	6	was	be	AUX
ajfa-16655	238	7	not	not	PART
ajfa-16655	238	8	supported	support	VERB
ajfa-16655	238	9	.	.	PUNCT
ajfa-16655	239	1	h1d	h1d	NOUN
ajfa-16655	239	2	:	:	PUNCT
ajfa-16655	239	3	intangible	intangible	ADJ
ajfa-16655	239	4	assets	asset	NOUN
ajfa-16655	239	5	has	have	VERB
ajfa-16655	239	6	significant	significant	ADJ
ajfa-16655	239	7	effect	effect	NOUN
ajfa-16655	239	8	on	on	ADP
ajfa-16655	239	9	net	net	ADJ
ajfa-16655	239	10	profit	profit	NOUN
ajfa-16655	239	11	margin	margin	NOUN
ajfa-16655	239	12	h1d	h1d	NOUN
ajfa-16655	239	13	evaluates	evaluate	VERB
ajfa-16655	239	14	the	the	DET
ajfa-16655	239	15	impact	impact	NOUN
ajfa-16655	239	16	of	of	ADP
ajfa-16655	239	17	intangible	intangible	ADJ
ajfa-16655	239	18	assets	asset	NOUN
ajfa-16655	239	19	on	on	ADP
ajfa-16655	239	20	net	net	ADJ
ajfa-16655	239	21	profit	profit	NOUN
ajfa-16655	239	22	margin	margin	NOUN
ajfa-16655	239	23	.	.	PUNCT
ajfa-16655	240	1	the	the	DET
ajfa-16655	240	2	hypotheses	hypothesis	NOUN
ajfa-16655	240	3	results	result	VERB
ajfa-16655	240	4	show	show	VERB
ajfa-16655	240	5	that	that	SCONJ
ajfa-16655	240	6	assets	asset	NOUN
ajfa-16655	240	7	have	have	VERB
ajfa-16655	240	8	an	an	DET
ajfa-16655	240	9	insignificant	insignificant	ADJ
ajfa-16655	240	10	impact	impact	NOUN
ajfa-16655	240	11	on	on	ADP
ajfa-16655	240	12	profitability	profitability	NOUN
ajfa-16655	240	13	(	(	PUNCT
ajfa-16655	240	14	β	β	X
ajfa-16655	240	15	=	=	PUNCT
ajfa-16655	240	16	-0.013	-0.013	PROPN
ajfa-16655	240	17	,	,	PUNCT
ajfa-16655	240	18	t	t	NOUN
ajfa-16655	240	19	=	=	NUM
ajfa-16655	240	20	1.602	1.602	NUM
ajfa-16655	240	21	,	,	PUNCT
ajfa-16655	240	22	p	p	X
ajfa-16655	240	23	=	=	NOUN
ajfa-16655	240	24	0.11	0.11	NUM
ajfa-16655	240	25	)	)	PUNCT
ajfa-16655	240	26	.	.	PUNCT
ajfa-16655	241	1	hence	hence	ADV
ajfa-16655	241	2	,	,	PUNCT
ajfa-16655	241	3	the	the	DET
ajfa-16655	241	4	hypotheses	hypothesis	NOUN
ajfa-16655	241	5	h1d	h1d	PRON
ajfa-16655	241	6	was	be	AUX
ajfa-16655	241	7	not	not	PART
ajfa-16655	241	8	supported	support	VERB
ajfa-16655	241	9	.	.	PUNCT
ajfa-16655	242	1	h1e	h1e	NOUN
ajfa-16655	242	2	:	:	PUNCT
ajfa-16655	242	3	intangible	intangible	ADJ
ajfa-16655	242	4	assets	asset	NOUN
ajfa-16655	242	5	has	have	AUX
ajfa-16655	242	6	significant	significant	ADJ
ajfa-16655	242	7	effect	effect	NOUN
ajfa-16655	242	8	ato	ato	PROPN
ajfa-16655	242	9	.	.	PROPN
ajfa-16655	242	10	ato	ato	PROPN
ajfa-16655	242	11	h1e	h1e	PROPN
ajfa-16655	242	12	evaluates	evaluate	VERB
ajfa-16655	242	13	the	the	DET
ajfa-16655	242	14	impact	impact	NOUN
ajfa-16655	242	15	of	of	ADP
ajfa-16655	242	16	intangible	intangible	ADJ
ajfa-16655	242	17	assets	asset	NOUN
ajfa-16655	242	18	on	on	ADP
ajfa-16655	242	19	ato	ato	PROPN
ajfa-16655	242	20	.	.	PUNCT
ajfa-16655	243	1	the	the	DET
ajfa-16655	243	2	hypotheses	hypothesis	NOUN
ajfa-16655	243	3	results	result	NOUN
ajfa-16655	243	4	show	show	VERB
ajfa-16655	243	5	that	that	SCONJ
ajfa-16655	243	6	assets	asset	NOUN
ajfa-16655	243	7	have	have	VERB
ajfa-16655	243	8	a	a	DET
ajfa-16655	243	9	significant	significant	ADJ
ajfa-16655	243	10	negative	negative	ADJ
ajfa-16655	243	11	impact	impact	NOUN
ajfa-16655	243	12	on	on	ADP
ajfa-16655	243	13	ato	ato	PROPN
ajfa-16655	243	14	(	(	PUNCT
ajfa-16655	243	15	β	β	X
ajfa-16655	243	16	=	=	SYM
ajfa-16655	243	17	-0.055	-0.055	PROPN
ajfa-16655	243	18	,	,	PUNCT
ajfa-16655	243	19	t	t	PROPN
ajfa-16655	243	20	=	=	SYM
ajfa-16655	243	21	3.982	3.982	NUM
ajfa-16655	243	22	,	,	PUNCT
ajfa-16655	243	23	p	p	X
ajfa-16655	243	24	<	<	X
ajfa-16655	243	25	0.001	0.001	NUM
ajfa-16655	243	26	)	)	PUNCT
ajfa-16655	243	27	.	.	PUNCT
ajfa-16655	244	1	this	this	PRON
ajfa-16655	244	2	shows	show	VERB
ajfa-16655	244	3	that	that	SCONJ
ajfa-16655	244	4	higher	high	ADJ
ajfa-16655	244	5	intangible	intangible	ADJ
ajfa-16655	244	6	assets	asset	NOUN
ajfa-16655	244	7	would	would	AUX
ajfa-16655	244	8	lead	lead	VERB
ajfa-16655	244	9	to	to	ADP
ajfa-16655	244	10	lower	low	ADJ
ajfa-16655	244	11	ato	ato	PROPN
ajfa-16655	244	12	.	.	PUNCT
ajfa-16655	245	1	hence	hence	ADV
ajfa-16655	245	2	,	,	PUNCT
ajfa-16655	245	3	the	the	DET
ajfa-16655	245	4	hypotheses	hypothesis	NOUN
ajfa-16655	245	5	h1e	h1e	NOUN
ajfa-16655	245	6	was	be	AUX
ajfa-16655	245	7	not	not	PART
ajfa-16655	245	8	supported	support	VERB
ajfa-16655	245	9	.	.	PUNCT
ajfa-16655	246	1	h2	h2	NOUN
ajfa-16655	246	2	.	.	PUNCT
ajfa-16655	247	1	intangible	intangible	ADJ
ajfa-16655	247	2	asset	asset	NOUN
ajfa-16655	247	3	has	have	VERB
ajfa-16655	247	4	a	a	DET
ajfa-16655	247	5	direct	direct	ADJ
ajfa-16655	247	6	positive	positive	ADJ
ajfa-16655	247	7	impact	impact	NOUN
ajfa-16655	247	8	on	on	ADP
ajfa-16655	247	9	the	the	DET
ajfa-16655	247	10	financial	financial	ADJ
ajfa-16655	247	11	policies	policy	NOUN
ajfa-16655	247	12	of	of	ADP
ajfa-16655	247	13	technology	technology	NOUN
ajfa-16655	247	14	asian	asian	ADJ
ajfa-16655	247	15	journal	journal	NOUN
ajfa-16655	247	16	of	of	ADP
ajfa-16655	247	17	finance	finance	PROPN
ajfa-16655	247	18	&	&	CCONJ
ajfa-16655	247	19	accounting	accounting	PROPN
ajfa-16655	247	20	issn	issn	PROPN
ajfa-16655	247	21	1946	1946	NUM
ajfa-16655	247	22	-	-	PUNCT
ajfa-16655	247	23	052x	052x	NOUN
ajfa-16655	247	24	2020	2020	NUM
ajfa-16655	247	25	,	,	PUNCT
ajfa-16655	247	26	vol	vol	NOUN
ajfa-16655	247	27	.	.	PROPN
ajfa-16655	247	28	12	12	NUM
ajfa-16655	247	29	,	,	PUNCT
ajfa-16655	247	30	no	no	INTJ
ajfa-16655	247	31	.	.	NOUN
ajfa-16655	247	32	1	1	NUM
ajfa-16655	247	33	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	247	34	48	48	NUM
ajfa-16655	247	35	firm	firm	NOUN
ajfa-16655	247	36	.	.	PUNCT
ajfa-16655	248	1	h2a	h2a	PRON
ajfa-16655	248	2	:	:	PUNCT
ajfa-16655	248	3	intangible	intangible	ADJ
ajfa-16655	248	4	assets	asset	NOUN
ajfa-16655	248	5	affect	affect	VERB
ajfa-16655	248	6	debt	debt	NOUN
ajfa-16655	248	7	policy	policy	NOUN
ajfa-16655	248	8	h2a	h2a	NOUN
ajfa-16655	248	9	evaluates	evaluate	VERB
ajfa-16655	248	10	the	the	DET
ajfa-16655	248	11	impact	impact	NOUN
ajfa-16655	248	12	of	of	ADP
ajfa-16655	248	13	intangible	intangible	ADJ
ajfa-16655	248	14	assets	asset	NOUN
ajfa-16655	248	15	on	on	ADP
ajfa-16655	248	16	debt	debt	NOUN
ajfa-16655	248	17	to	to	ADP
ajfa-16655	248	18	equity	equity	NOUN
ajfa-16655	248	19	.	.	PUNCT
ajfa-16655	249	1	the	the	DET
ajfa-16655	249	2	hypotheses	hypothesis	NOUN
ajfa-16655	249	3	results	result	NOUN
ajfa-16655	249	4	show	show	VERB
ajfa-16655	249	5	that	that	SCONJ
ajfa-16655	249	6	assets	asset	NOUN
ajfa-16655	249	7	have	have	VERB
ajfa-16655	249	8	an	an	DET
ajfa-16655	249	9	insignificant	insignificant	ADJ
ajfa-16655	249	10	impact	impact	NOUN
ajfa-16655	249	11	on	on	ADP
ajfa-16655	249	12	debt	debt	NOUN
ajfa-16655	249	13	to	to	ADP
ajfa-16655	249	14	equity	equity	NOUN
ajfa-16655	249	15	(	(	PUNCT
ajfa-16655	249	16	β	β	X
ajfa-16655	249	17	=	=	SYM
ajfa-16655	249	18	-0.016	-0.016	PROPN
ajfa-16655	249	19	,	,	PUNCT
ajfa-16655	249	20	t	t	PROPN
ajfa-16655	249	21	=	=	PUNCT
ajfa-16655	249	22	0.582	0.582	NUM
ajfa-16655	249	23	,	,	PUNCT
ajfa-16655	249	24	p	p	X
ajfa-16655	249	25	=	=	NOUN
ajfa-16655	249	26	0.561	0.561	NUM
ajfa-16655	249	27	)	)	PUNCT
ajfa-16655	249	28	.	.	PUNCT
ajfa-16655	250	1	hence	hence	ADV
ajfa-16655	250	2	,	,	PUNCT
ajfa-16655	250	3	the	the	DET
ajfa-16655	250	4	hypotheses	hypothesis	NOUN
ajfa-16655	250	5	h2a	h2a	PUNCT
ajfa-16655	250	6	was	be	AUX
ajfa-16655	250	7	not	not	PART
ajfa-16655	250	8	supported	support	VERB
ajfa-16655	250	9	.	.	PUNCT
ajfa-16655	251	1	h2b	h2b	PROPN
ajfa-16655	251	2	:	:	PUNCT
ajfa-16655	251	3	intangible	intangible	ADJ
ajfa-16655	251	4	assets	asset	NOUN
ajfa-16655	251	5	affect	affect	VERB
ajfa-16655	251	6	the	the	DET
ajfa-16655	251	7	dividend	dividend	NOUN
ajfa-16655	251	8	policy	policy	NOUN
ajfa-16655	251	9	h2b	h2b	PROPN
ajfa-16655	251	10	evaluates	evaluate	VERB
ajfa-16655	251	11	the	the	DET
ajfa-16655	251	12	impact	impact	NOUN
ajfa-16655	251	13	of	of	ADP
ajfa-16655	251	14	intangible	intangible	ADJ
ajfa-16655	251	15	assets	asset	NOUN
ajfa-16655	251	16	on	on	ADP
ajfa-16655	251	17	dividend	dividend	NOUN
ajfa-16655	251	18	policy	policy	NOUN
ajfa-16655	251	19	.	.	PUNCT
ajfa-16655	252	1	the	the	DET
ajfa-16655	252	2	hypotheses	hypothesis	NOUN
ajfa-16655	252	3	results	result	VERB
ajfa-16655	252	4	show	show	VERB
ajfa-16655	252	5	that	that	SCONJ
ajfa-16655	252	6	assets	asset	NOUN
ajfa-16655	252	7	have	have	VERB
ajfa-16655	252	8	a	a	DET
ajfa-16655	252	9	significant	significant	ADJ
ajfa-16655	252	10	positive	positive	ADJ
ajfa-16655	252	11	impact	impact	NOUN
ajfa-16655	252	12	on	on	ADP
ajfa-16655	252	13	dividend	dividend	NOUN
ajfa-16655	252	14	policy	policy	NOUN
ajfa-16655	252	15	(	(	PUNCT
ajfa-16655	252	16	β	β	X
ajfa-16655	252	17	=	=	PUNCT
ajfa-16655	252	18	0.084	0.084	NUM
ajfa-16655	252	19	,	,	PUNCT
ajfa-16655	252	20	t	t	NOUN
ajfa-16655	252	21	=	=	PUNCT
ajfa-16655	252	22	2.516	2.516	NUM
ajfa-16655	252	23	,	,	PUNCT
ajfa-16655	252	24	p	p	X
ajfa-16655	252	25	=	=	PROPN
ajfa-16655	252	26	0.012	0.012	NUM
ajfa-16655	252	27	)	)	PUNCT
ajfa-16655	252	28	.	.	PUNCT
ajfa-16655	253	1	this	this	PRON
ajfa-16655	253	2	shows	show	VERB
ajfa-16655	253	3	that	that	SCONJ
ajfa-16655	253	4	higher	high	ADJ
ajfa-16655	253	5	intangible	intangible	ADJ
ajfa-16655	253	6	assets	asset	NOUN
ajfa-16655	253	7	would	would	AUX
ajfa-16655	253	8	lead	lead	VERB
ajfa-16655	253	9	to	to	ADP
ajfa-16655	253	10	higher	high	ADJ
ajfa-16655	253	11	dividend	dividend	NOUN
ajfa-16655	253	12	payout	payout	NOUN
ajfa-16655	253	13	.	.	PUNCT
ajfa-16655	254	1	hence	hence	ADV
ajfa-16655	254	2	,	,	PUNCT
ajfa-16655	254	3	the	the	DET
ajfa-16655	254	4	hypotheses	hypothesis	NOUN
ajfa-16655	254	5	h2b	h2b	PROPN
ajfa-16655	254	6	was	be	AUX
ajfa-16655	254	7	supported	support	VERB
ajfa-16655	254	8	.	.	PUNCT
ajfa-16655	255	1	h3	h3	NOUN
ajfa-16655	255	2	.	.	PUNCT
ajfa-16655	256	1	intangible	intangible	ADJ
ajfa-16655	256	2	asset	asset	NOUN
ajfa-16655	256	3	has	have	VERB
ajfa-16655	256	4	a	a	DET
ajfa-16655	256	5	direct	direct	ADJ
ajfa-16655	256	6	positive	positive	ADJ
ajfa-16655	256	7	impact	impact	NOUN
ajfa-16655	256	8	on	on	ADP
ajfa-16655	256	9	market	market	NOUN
ajfa-16655	256	10	value	value	NOUN
ajfa-16655	256	11	of	of	ADP
ajfa-16655	256	12	technology	technology	NOUN
ajfa-16655	256	13	firm	firm	NOUN
ajfa-16655	256	14	h3a	h3a	NOUN
ajfa-16655	256	15	:	:	PUNCT
ajfa-16655	256	16	intangible	intangible	ADJ
ajfa-16655	256	17	assets	asset	NOUN
ajfa-16655	256	18	has	have	VERB
ajfa-16655	256	19	significant	significant	ADJ
ajfa-16655	256	20	effect	effect	NOUN
ajfa-16655	256	21	on	on	ADP
ajfa-16655	256	22	p	p	X
ajfa-16655	256	23	/	/	SYM
ajfa-16655	256	24	e	e	NOUN
ajfa-16655	256	25	h3a	h3a	NOUN
ajfa-16655	256	26	evaluates	evaluate	VERB
ajfa-16655	256	27	the	the	DET
ajfa-16655	256	28	impact	impact	NOUN
ajfa-16655	256	29	of	of	ADP
ajfa-16655	256	30	intangible	intangible	ADJ
ajfa-16655	256	31	assets	asset	NOUN
ajfa-16655	256	32	on	on	ADP
ajfa-16655	256	33	p	p	X
ajfa-16655	256	34	/	/	SYM
ajfa-16655	256	35	e.	e.	PROPN
ajfa-16655	256	36	the	the	DET
ajfa-16655	256	37	hypotheses	hypothesis	NOUN
ajfa-16655	256	38	results	result	NOUN
ajfa-16655	256	39	show	show	VERB
ajfa-16655	256	40	that	that	SCONJ
ajfa-16655	256	41	assets	asset	NOUN
ajfa-16655	256	42	have	have	VERB
ajfa-16655	256	43	an	an	DET
ajfa-16655	256	44	insignificant	insignificant	ADJ
ajfa-16655	256	45	effect	effect	NOUN
ajfa-16655	256	46	on	on	ADP
ajfa-16655	256	47	p	p	X
ajfa-16655	256	48	/	/	SYM
ajfa-16655	256	49	e	e	NOUN
ajfa-16655	256	50	(	(	PUNCT
ajfa-16655	256	51	β	β	X
ajfa-16655	256	52	=	=	SYM
ajfa-16655	256	53	0.304	0.304	NUM
ajfa-16655	256	54	,	,	PUNCT
ajfa-16655	256	55	t	t	NOUN
ajfa-16655	256	56	=	=	SYM
ajfa-16655	256	57	1.242	1.242	NUM
ajfa-16655	256	58	,	,	PUNCT
ajfa-16655	256	59	p	p	X
ajfa-16655	256	60	=	=	NOUN
ajfa-16655	256	61	0.215	0.215	NUM
ajfa-16655	256	62	)	)	PUNCT
ajfa-16655	256	63	.	.	PUNCT
ajfa-16655	257	1	hence	hence	ADV
ajfa-16655	257	2	,	,	PUNCT
ajfa-16655	257	3	the	the	DET
ajfa-16655	257	4	hypotheses	hypothesis	NOUN
ajfa-16655	257	5	h3a	h3a	VERB
ajfa-16655	257	6	was	be	AUX
ajfa-16655	257	7	not	not	PART
ajfa-16655	257	8	supported	support	VERB
ajfa-16655	257	9	.	.	PUNCT
ajfa-16655	258	1	h3b	h3b	NOUN
ajfa-16655	258	2	:	:	PUNCT
ajfa-16655	258	3	intangible	intangible	ADJ
ajfa-16655	258	4	assets	asset	NOUN
ajfa-16655	258	5	has	have	VERB
ajfa-16655	258	6	significant	significant	ADJ
ajfa-16655	258	7	effect	effect	NOUN
ajfa-16655	258	8	on	on	ADP
ajfa-16655	258	9	p	p	X
ajfa-16655	258	10	/	/	SYM
ajfa-16655	258	11	book	book	NOUN
ajfa-16655	258	12	value	value	NOUN
ajfa-16655	258	13	h3b	h3b	PROPN
ajfa-16655	258	14	evaluates	evaluate	VERB
ajfa-16655	258	15	the	the	DET
ajfa-16655	258	16	effect	effect	NOUN
ajfa-16655	258	17	of	of	ADP
ajfa-16655	258	18	intangible	intangible	ADJ
ajfa-16655	258	19	assets	asset	NOUN
ajfa-16655	258	20	on	on	ADP
ajfa-16655	258	21	p	p	X
ajfa-16655	258	22	/	/	SYM
ajfa-16655	258	23	book	book	NOUN
ajfa-16655	258	24	value	value	NOUN
ajfa-16655	258	25	.	.	PUNCT
ajfa-16655	259	1	the	the	DET
ajfa-16655	259	2	hypotheses	hypothesis	NOUN
ajfa-16655	259	3	results	result	VERB
ajfa-16655	259	4	show	show	VERB
ajfa-16655	259	5	that	that	SCONJ
ajfa-16655	259	6	assets	asset	NOUN
ajfa-16655	259	7	have	have	VERB
ajfa-16655	259	8	a	a	DET
ajfa-16655	259	9	significant	significant	ADJ
ajfa-16655	259	10	negative	negative	ADJ
ajfa-16655	259	11	effect	effect	NOUN
ajfa-16655	259	12	on	on	ADP
ajfa-16655	259	13	p	p	X
ajfa-16655	259	14	/	/	SYM
ajfa-16655	259	15	book	book	NOUN
ajfa-16655	259	16	value	value	NOUN
ajfa-16655	259	17	(	(	PUNCT
ajfa-16655	259	18	β	β	X
ajfa-16655	259	19	=	=	SYM
ajfa-16655	259	20	-0.016	-0.016	PROPN
ajfa-16655	259	21	,	,	PUNCT
ajfa-16655	259	22	t	t	PROPN
ajfa-16655	259	23	=	=	SYM
ajfa-16655	259	24	2.693	2.693	NUM
ajfa-16655	259	25	,	,	PUNCT
ajfa-16655	259	26	p	p	X
ajfa-16655	259	27	=	=	NOUN
ajfa-16655	259	28	0.007	0.007	NUM
ajfa-16655	259	29	)	)	PUNCT
ajfa-16655	259	30	.	.	PUNCT
ajfa-16655	260	1	this	this	PRON
ajfa-16655	260	2	shows	show	VERB
ajfa-16655	260	3	that	that	SCONJ
ajfa-16655	260	4	higher	high	ADJ
ajfa-16655	260	5	intangible	intangible	ADJ
ajfa-16655	260	6	assets	asset	NOUN
ajfa-16655	260	7	would	would	AUX
ajfa-16655	260	8	lead	lead	VERB
ajfa-16655	260	9	to	to	PART
ajfa-16655	260	10	lower	lower	VERB
ajfa-16655	260	11	p	p	NOUN
ajfa-16655	260	12	/	/	SYM
ajfa-16655	260	13	book	book	NOUN
ajfa-16655	260	14	value	value	NOUN
ajfa-16655	260	15	.	.	PUNCT
ajfa-16655	261	1	hence	hence	ADV
ajfa-16655	261	2	,	,	PUNCT
ajfa-16655	261	3	the	the	DET
ajfa-16655	261	4	hypotheses	hypothesis	NOUN
ajfa-16655	261	5	h3b	h3b	PRON
ajfa-16655	261	6	was	be	AUX
ajfa-16655	261	7	not	not	PART
ajfa-16655	261	8	supported	support	VERB
ajfa-16655	261	9	.	.	PUNCT
ajfa-16655	262	1	h3c	h3c	VERB
ajfa-16655	262	2	:	:	PUNCT
ajfa-16655	262	3	intangible	intangible	ADJ
ajfa-16655	262	4	assets	asset	NOUN
ajfa-16655	262	5	has	have	VERB
ajfa-16655	262	6	significant	significant	ADJ
ajfa-16655	262	7	effect	effect	NOUN
ajfa-16655	262	8	on	on	ADP
ajfa-16655	262	9	p	p	X
ajfa-16655	262	10	/	/	SYM
ajfa-16655	262	11	sales	sale	NOUN
ajfa-16655	262	12	.	.	PUNCT
ajfa-16655	263	1	h3c	h3c	X
ajfa-16655	263	2	evaluates	evaluate	VERB
ajfa-16655	263	3	the	the	DET
ajfa-16655	263	4	effect	effect	NOUN
ajfa-16655	263	5	of	of	ADP
ajfa-16655	263	6	intangible	intangible	ADJ
ajfa-16655	263	7	assets	asset	NOUN
ajfa-16655	263	8	on	on	ADP
ajfa-16655	263	9	p	p	X
ajfa-16655	263	10	/	/	SYM
ajfa-16655	263	11	book	book	NOUN
ajfa-16655	263	12	value	value	NOUN
ajfa-16655	263	13	.	.	PUNCT
ajfa-16655	264	1	the	the	DET
ajfa-16655	264	2	hypotheses	hypothesis	NOUN
ajfa-16655	264	3	results	result	VERB
ajfa-16655	264	4	show	show	VERB
ajfa-16655	264	5	that	that	SCONJ
ajfa-16655	264	6	assets	asset	NOUN
ajfa-16655	264	7	have	have	VERB
ajfa-16655	264	8	a	a	DET
ajfa-16655	264	9	significant	significant	ADJ
ajfa-16655	264	10	negative	negative	ADJ
ajfa-16655	264	11	effect	effect	NOUN
ajfa-16655	264	12	on	on	ADP
ajfa-16655	264	13	p	p	X
ajfa-16655	264	14	/	/	SYM
ajfa-16655	264	15	sale	sale	NOUN
ajfa-16655	264	16	(	(	PUNCT
ajfa-16655	264	17	β	β	X
ajfa-16655	264	18	=	=	SYM
ajfa-16655	264	19	-0.026	-0.026	X
ajfa-16655	264	20	,	,	PUNCT
ajfa-16655	264	21	t	t	NOUN
ajfa-16655	264	22	=	=	PUNCT
ajfa-16655	264	23	2.850	2.850	NUM
ajfa-16655	264	24	,	,	PUNCT
ajfa-16655	264	25	p	p	NOUN
ajfa-16655	264	26	=	=	NOUN
ajfa-16655	264	27	0.005	0.005	NUM
ajfa-16655	264	28	)	)	PUNCT
ajfa-16655	264	29	.	.	PUNCT
ajfa-16655	265	1	this	this	PRON
ajfa-16655	265	2	shows	show	VERB
ajfa-16655	265	3	that	that	SCONJ
ajfa-16655	265	4	higher	high	ADJ
ajfa-16655	265	5	intangible	intangible	ADJ
ajfa-16655	265	6	assets	asset	NOUN
ajfa-16655	265	7	would	would	AUX
ajfa-16655	265	8	lead	lead	VERB
ajfa-16655	265	9	to	to	PART
ajfa-16655	265	10	lower	lower	VERB
ajfa-16655	265	11	p	p	NOUN
ajfa-16655	265	12	/	/	SYM
ajfa-16655	265	13	sale	sale	NOUN
ajfa-16655	265	14	.	.	PUNCT
ajfa-16655	266	1	hence	hence	ADV
ajfa-16655	266	2	,	,	PUNCT
ajfa-16655	266	3	the	the	DET
ajfa-16655	266	4	hypotheses	hypothesis	NOUN
ajfa-16655	266	5	h3c	h3c	VERB
ajfa-16655	266	6	was	be	AUX
ajfa-16655	266	7	not	not	PART
ajfa-16655	266	8	supported	support	VERB
ajfa-16655	266	9	.	.	PUNCT
ajfa-16655	267	1	asian	asian	ADJ
ajfa-16655	267	2	journal	journal	PROPN
ajfa-16655	267	3	of	of	ADP
ajfa-16655	267	4	finance	finance	PROPN
ajfa-16655	267	5	&	&	CCONJ
ajfa-16655	267	6	accounting	accounting	PROPN
ajfa-16655	267	7	issn	issn	PROPN
ajfa-16655	267	8	1946	1946	NUM
ajfa-16655	267	9	-	-	PUNCT
ajfa-16655	267	10	052x	052x	NOUN
ajfa-16655	267	11	2020	2020	NUM
ajfa-16655	267	12	,	,	PUNCT
ajfa-16655	267	13	vol	vol	NOUN
ajfa-16655	267	14	.	.	PROPN
ajfa-16655	267	15	12	12	NUM
ajfa-16655	267	16	,	,	PUNCT
ajfa-16655	267	17	no	no	INTJ
ajfa-16655	267	18	.	.	NOUN
ajfa-16655	267	19	1	1	NUM
ajfa-16655	267	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	267	21	49	49	NUM
ajfa-16655	267	22	table	table	NOUN
ajfa-16655	267	23	6	6	NUM
ajfa-16655	267	24	.	.	PUNCT
ajfa-16655	268	1	overall	overall	ADJ
ajfa-16655	268	2	sample	sample	NOUN
ajfa-16655	268	3	results	result	VERB
ajfa-16655	268	4	beta	beta	ADJ
ajfa-16655	268	5	sd	sd	NOUN
ajfa-16655	268	6	t	t	PROPN
ajfa-16655	268	7	statistics	statistic	NOUN
ajfa-16655	268	8	p	p	NOUN
ajfa-16655	268	9	values	value	NOUN
ajfa-16655	268	10	assets	asset	NOUN
ajfa-16655	268	11	-	-	PUNCT
ajfa-16655	268	12	>	>	X
ajfa-16655	268	13	roe	roe	NOUN
ajfa-16655	268	14	-0.045	-0.045	PROPN
ajfa-16655	268	15	0.017	0.017	NUM
ajfa-16655	268	16	2.619	2.619	NUM
ajfa-16655	268	17	0.009	0.009	NUM
ajfa-16655	268	18	assets	asset	NOUN
ajfa-16655	268	19	-	-	PUNCT
ajfa-16655	268	20	>	>	X
ajfa-16655	268	21	roa	roa	NOUN
ajfa-16655	268	22	-0.056	-0.056	PROPN
ajfa-16655	268	23	0.022	0.022	NUM
ajfa-16655	268	24	2.57	2.57	NUM
ajfa-16655	268	25	0.01	0.01	NUM
ajfa-16655	268	26	assets	asset	NOUN
ajfa-16655	268	27	-	-	PUNCT
ajfa-16655	268	28	>	>	X
ajfa-16655	268	29	roic	roic	ADJ
ajfa-16655	268	30	-0.053	-0.053	PROPN
ajfa-16655	268	31	0.018	0.018	NUM
ajfa-16655	268	32	2.99	2.99	NUM
ajfa-16655	268	33	0.003	0.003	NUM
ajfa-16655	268	34	assets	asset	NOUN
ajfa-16655	268	35	-	-	PUNCT
ajfa-16655	268	36	>	>	X
ajfa-16655	268	37	profitability	profitability	NOUN
ajfa-16655	268	38	-0.013	-0.013	PUNCT
ajfa-16655	268	39	0.008	0.008	NUM
ajfa-16655	268	40	1.602	1.602	NUM
ajfa-16655	268	41	0.11	0.11	NUM
ajfa-16655	268	42	assets	asset	NOUN
ajfa-16655	268	43	-	-	PUNCT
ajfa-16655	268	44	>	>	X
ajfa-16655	268	45	ato	ato	PROPN
ajfa-16655	268	46	-0.055	-0.055	PROPN
ajfa-16655	268	47	0.014	0.014	NUM
ajfa-16655	268	48	3.982	3.982	NUM
ajfa-16655	268	49	0.000	0.000	NUM
ajfa-16655	268	50	assets	asset	NOUN
ajfa-16655	268	51	-	-	PUNCT
ajfa-16655	268	52	>	>	X
ajfa-16655	268	53	debttoequity	debttoequity	NOUN
ajfa-16655	268	54	-0.016	-0.016	ADP
ajfa-16655	268	55	0.028	0.028	NUM
ajfa-16655	268	56	0.582	0.582	NUM
ajfa-16655	268	57	0.561	0.561	NUM
ajfa-16655	268	58	assets	asset	NOUN
ajfa-16655	268	59	-	-	PUNCT
ajfa-16655	268	60	>	>	X
ajfa-16655	268	61	dividentpayout	dividentpayout	VERB
ajfa-16655	268	62	0.084	0.084	NUM
ajfa-16655	268	63	0.033	0.033	NUM
ajfa-16655	268	64	2.516	2.516	NUM
ajfa-16655	268	65	0.012	0.012	NUM
ajfa-16655	268	66	assets	asset	NOUN
ajfa-16655	268	67	-	-	PUNCT
ajfa-16655	268	68	>	>	X
ajfa-16655	268	69	pe	pe	NUM
ajfa-16655	268	70	0.304	0.304	NUM
ajfa-16655	268	71	0.245	0.245	NUM
ajfa-16655	268	72	1.242	1.242	NUM
ajfa-16655	268	73	0.215	0.215	NUM
ajfa-16655	268	74	assets	asset	NOUN
ajfa-16655	268	75	-	-	PUNCT
ajfa-16655	268	76	>	>	X
ajfa-16655	268	77	bookvalue	bookvalue	NOUN
ajfa-16655	268	78	-0.016	-0.016	ADP
ajfa-16655	268	79	0.006	0.006	NUM
ajfa-16655	268	80	2.693	2.693	NUM
ajfa-16655	268	81	0.007	0.007	NUM
ajfa-16655	268	82	assets	asset	NOUN
ajfa-16655	268	83	-	-	PUNCT
ajfa-16655	268	84	>	>	X
ajfa-16655	268	85	psale	psale	NOUN
ajfa-16655	268	86	-0.026	-0.026	PUNCT
ajfa-16655	268	87	0.009	0.009	NUM
ajfa-16655	268	88	2.85	2.85	NUM
ajfa-16655	268	89	0.005	0.005	NUM
ajfa-16655	268	90	5.4	5.4	NUM
ajfa-16655	268	91	country	country	NOUN
ajfa-16655	268	92	group	group	NOUN
ajfa-16655	268	93	wise	wise	ADJ
ajfa-16655	268	94	results	result	VERB
ajfa-16655	268	95	this	this	DET
ajfa-16655	268	96	section	section	NOUN
ajfa-16655	268	97	after	after	ADP
ajfa-16655	268	98	ascertaining	ascertain	VERB
ajfa-16655	268	99	the	the	DET
ajfa-16655	268	100	hypothesized	hypothesized	ADJ
ajfa-16655	268	101	relationship	relationship	NOUN
ajfa-16655	268	102	in	in	ADP
ajfa-16655	268	103	the	the	DET
ajfa-16655	268	104	overall	overall	ADJ
ajfa-16655	268	105	data	datum	NOUN
ajfa-16655	268	106	evaluates	evaluate	VERB
ajfa-16655	268	107	the	the	DET
ajfa-16655	268	108	relationships	relationship	NOUN
ajfa-16655	268	109	in	in	ADP
ajfa-16655	268	110	each	each	PRON
ajfa-16655	268	111	of	of	ADP
ajfa-16655	268	112	the	the	DET
ajfa-16655	268	113	sample	sample	NOUN
ajfa-16655	268	114	countries	country	NOUN
ajfa-16655	268	115	.	.	PUNCT
ajfa-16655	269	1	the	the	DET
ajfa-16655	269	2	results	result	NOUN
ajfa-16655	269	3	are	be	AUX
ajfa-16655	269	4	summarized	summarize	VERB
ajfa-16655	269	5	in	in	ADP
ajfa-16655	269	6	table	table	NOUN
ajfa-16655	269	7	7	7	NUM
ajfa-16655	269	8	.	.	PUNCT
ajfa-16655	270	1	the	the	DET
ajfa-16655	270	2	hypothesis	hypothesis	NOUN
ajfa-16655	270	3	results	result	NOUN
ajfa-16655	270	4	of	of	ADP
ajfa-16655	270	5	country	country	NOUN
ajfa-16655	270	6	group	group	NOUN
ajfa-16655	270	7	-	-	PUNCT
ajfa-16655	270	8	wise	wise	ADJ
ajfa-16655	270	9	results	result	NOUN
ajfa-16655	270	10	show	show	VERB
ajfa-16655	270	11	that	that	SCONJ
ajfa-16655	270	12	h1a	h1a	PROPN
ajfa-16655	270	13	was	be	AUX
ajfa-16655	270	14	supported	support	VERB
ajfa-16655	270	15	in	in	ADP
ajfa-16655	270	16	finland	finland	PROPN
ajfa-16655	270	17	group	group	NOUN
ajfa-16655	270	18	,	,	PUNCT
ajfa-16655	270	19	h1b	h1b	PROPN
ajfa-16655	270	20	was	be	AUX
ajfa-16655	270	21	also	also	ADV
ajfa-16655	270	22	supported	support	VERB
ajfa-16655	270	23	in	in	ADP
ajfa-16655	270	24	finland	finland	PROPN
ajfa-16655	270	25	group	group	NOUN
ajfa-16655	270	26	,	,	PUNCT
ajfa-16655	270	27	h1c	h1c	VERB
ajfa-16655	270	28	was	be	AUX
ajfa-16655	270	29	not	not	PART
ajfa-16655	270	30	supported	support	VERB
ajfa-16655	270	31	in	in	ADP
ajfa-16655	270	32	any	any	DET
ajfa-16655	270	33	country	country	NOUN
ajfa-16655	270	34	,	,	PUNCT
ajfa-16655	270	35	h1d	h1d	NOUN
ajfa-16655	270	36	was	be	AUX
ajfa-16655	270	37	supported	support	VERB
ajfa-16655	270	38	in	in	ADP
ajfa-16655	270	39	russia	russia	PROPN
ajfa-16655	270	40	and	and	CCONJ
ajfa-16655	270	41	china	china	PROPN
ajfa-16655	270	42	group	group	PROPN
ajfa-16655	270	43	,	,	PUNCT
ajfa-16655	270	44	h1e	h1e	PROPN
ajfa-16655	270	45	was	be	AUX
ajfa-16655	270	46	not	not	PART
ajfa-16655	270	47	supported	support	VERB
ajfa-16655	270	48	in	in	ADP
ajfa-16655	270	49	any	any	DET
ajfa-16655	270	50	group	group	NOUN
ajfa-16655	270	51	,	,	PUNCT
ajfa-16655	270	52	h2a	h2a	PRON
ajfa-16655	270	53	was	be	AUX
ajfa-16655	270	54	supported	support	VERB
ajfa-16655	270	55	in	in	ADP
ajfa-16655	270	56	pakistan	pakistan	PROPN
ajfa-16655	270	57	and	and	CCONJ
ajfa-16655	270	58	russia	russia	PROPN
ajfa-16655	270	59	and	and	CCONJ
ajfa-16655	270	60	china	china	PROPN
ajfa-16655	270	61	group	group	PROPN
ajfa-16655	270	62	,	,	PUNCT
ajfa-16655	270	63	h2b	h2b	PROPN
ajfa-16655	270	64	supported	support	VERB
ajfa-16655	270	65	in	in	ADP
ajfa-16655	270	66	japan	japan	PROPN
ajfa-16655	270	67	and	and	CCONJ
ajfa-16655	270	68	usa	usa	PROPN
ajfa-16655	270	69	group	group	PROPN
ajfa-16655	270	70	and	and	CCONJ
ajfa-16655	270	71	h3a	h3a	NOUN
ajfa-16655	270	72	,	,	PUNCT
ajfa-16655	270	73	h3b	h3b	X
ajfa-16655	270	74	h3c	h3c	X
ajfa-16655	270	75	was	be	AUX
ajfa-16655	270	76	not	not	PART
ajfa-16655	270	77	supported	support	VERB
ajfa-16655	270	78	in	in	ADP
ajfa-16655	270	79	any	any	DET
ajfa-16655	270	80	country	country	NOUN
ajfa-16655	270	81	group	group	NOUN
ajfa-16655	270	82	.	.	PUNCT
ajfa-16655	271	1	5.5	5.5	NUM
ajfa-16655	271	2	in	in	ADP
ajfa-16655	271	3	technology	technology	NOUN
ajfa-16655	271	4	manufacturing	manufacturing	NOUN
ajfa-16655	271	5	sector	sector	NOUN
ajfa-16655	271	6	this	this	DET
ajfa-16655	271	7	section	section	NOUN
ajfa-16655	271	8	after	after	ADP
ajfa-16655	271	9	ascertaining	ascertain	VERB
ajfa-16655	271	10	the	the	DET
ajfa-16655	271	11	hypothesized	hypothesized	ADJ
ajfa-16655	271	12	relationship	relationship	NOUN
ajfa-16655	271	13	in	in	ADP
ajfa-16655	271	14	the	the	DET
ajfa-16655	271	15	overall	overall	ADJ
ajfa-16655	271	16	data	datum	NOUN
ajfa-16655	271	17	evaluates	evaluate	VERB
ajfa-16655	271	18	the	the	DET
ajfa-16655	271	19	relationships	relationship	NOUN
ajfa-16655	271	20	in	in	ADP
ajfa-16655	271	21	each	each	PRON
ajfa-16655	271	22	of	of	ADP
ajfa-16655	271	23	the	the	DET
ajfa-16655	271	24	sample	sample	NOUN
ajfa-16655	271	25	sectors	sector	NOUN
ajfa-16655	271	26	(	(	PUNCT
ajfa-16655	271	27	manufacturing	manufacturing	NOUN
ajfa-16655	271	28	and	and	CCONJ
ajfa-16655	271	29	services	service	NOUN
ajfa-16655	271	30	)	)	PUNCT
ajfa-16655	271	31	.	.	PUNCT
ajfa-16655	272	1	the	the	DET
ajfa-16655	272	2	results	result	NOUN
ajfa-16655	272	3	are	be	AUX
ajfa-16655	272	4	summarized	summarize	VERB
ajfa-16655	272	5	in	in	ADP
ajfa-16655	272	6	table	table	NOUN
ajfa-16655	272	7	8	8	NUM
ajfa-16655	272	8	.	.	PUNCT
ajfa-16655	273	1	the	the	DET
ajfa-16655	273	2	hypotheses	hypothesis	NOUN
ajfa-16655	273	3	results	result	NOUN
ajfa-16655	273	4	of	of	ADP
ajfa-16655	273	5	manufacturing	manufacturing	NOUN
ajfa-16655	273	6	sectors	sector	NOUN
ajfa-16655	273	7	show	show	VERB
ajfa-16655	273	8	that	that	SCONJ
ajfa-16655	273	9	assets	asset	NOUN
ajfa-16655	273	10	have	have	VERB
ajfa-16655	273	11	a	a	DET
ajfa-16655	273	12	significant	significant	ADJ
ajfa-16655	273	13	negative	negative	ADJ
ajfa-16655	273	14	impact	impact	NOUN
ajfa-16655	273	15	on	on	ADP
ajfa-16655	273	16	roa	roa	PROPN
ajfa-16655	273	17	,	,	PUNCT
ajfa-16655	273	18	roic	roic	PROPN
ajfa-16655	273	19	,	,	PUNCT
ajfa-16655	273	20	ato	ato	PROPN
ajfa-16655	273	21	,	,	PUNCT
ajfa-16655	273	22	debt	debt	NOUN
ajfa-16655	273	23	to	to	ADP
ajfa-16655	273	24	equity	equity	NOUN
ajfa-16655	273	25	,	,	PUNCT
ajfa-16655	273	26	price	price	NOUN
ajfa-16655	273	27	to	to	ADP
ajfa-16655	273	28	book	book	NOUN
ajfa-16655	273	29	value	value	NOUN
ajfa-16655	273	30	and	and	CCONJ
ajfa-16655	273	31	price	price	NOUN
ajfa-16655	273	32	to	to	ADP
ajfa-16655	273	33	sales	sale	NOUN
ajfa-16655	273	34	,	,	PUNCT
ajfa-16655	273	35	insignificant	insignificant	ADJ
ajfa-16655	273	36	impact	impact	NOUN
ajfa-16655	273	37	on	on	ADP
ajfa-16655	273	38	roe	roe	NOUN
ajfa-16655	273	39	,	,	PUNCT
ajfa-16655	273	40	profitability	profitability	NOUN
ajfa-16655	273	41	,	,	PUNCT
ajfa-16655	273	42	dividend	dividend	NOUN
ajfa-16655	273	43	policy	policy	NOUN
ajfa-16655	273	44	.	.	PUNCT
ajfa-16655	274	1	5.6	5.6	NUM
ajfa-16655	274	2	in	in	ADP
ajfa-16655	274	3	technology	technology	NOUN
ajfa-16655	274	4	services	service	NOUN
ajfa-16655	274	5	sector	sector	VERB
ajfa-16655	274	6	the	the	DET
ajfa-16655	274	7	hypotheses	hypothesis	NOUN
ajfa-16655	274	8	results	result	VERB
ajfa-16655	274	9	in	in	ADP
ajfa-16655	274	10	table	table	NOUN
ajfa-16655	274	11	8	8	NUM
ajfa-16655	274	12	of	of	ADP
ajfa-16655	274	13	service	service	NOUN
ajfa-16655	274	14	sectors	sector	NOUN
ajfa-16655	274	15	show	show	VERB
ajfa-16655	274	16	that	that	SCONJ
ajfa-16655	274	17	assets	asset	NOUN
ajfa-16655	274	18	have	have	VERB
ajfa-16655	274	19	a	a	DET
ajfa-16655	274	20	significant	significant	ADJ
ajfa-16655	274	21	negative	negative	ADJ
ajfa-16655	274	22	impact	impact	NOUN
ajfa-16655	274	23	on	on	ADP
ajfa-16655	274	24	roe	roe	PROPN
ajfa-16655	274	25	,	,	PUNCT
ajfa-16655	274	26	roa	roa	PROPN
ajfa-16655	274	27	,	,	PUNCT
ajfa-16655	274	28	roic	roic	ADJ
ajfa-16655	274	29	and	and	CCONJ
ajfa-16655	274	30	p	p	NOUN
ajfa-16655	274	31	/	/	SYM
ajfa-16655	274	32	book	book	NOUN
ajfa-16655	274	33	value	value	NOUN
ajfa-16655	274	34	,	,	PUNCT
ajfa-16655	274	35	insignificant	insignificant	ADJ
ajfa-16655	274	36	impact	impact	NOUN
ajfa-16655	274	37	on	on	ADP
ajfa-16655	274	38	profitability	profitability	NOUN
ajfa-16655	274	39	,	,	PUNCT
ajfa-16655	274	40	ato	ato	PROPN
ajfa-16655	274	41	,	,	PUNCT
ajfa-16655	274	42	dividend	dividend	NOUN
ajfa-16655	274	43	policy	policy	NOUN
ajfa-16655	274	44	,	,	PUNCT
ajfa-16655	274	45	p	p	X
ajfa-16655	274	46	/	/	SYM
ajfa-16655	274	47	e	e	NOUN
ajfa-16655	274	48	and	and	CCONJ
ajfa-16655	274	49	p	p	X
ajfa-16655	274	50	/	/	NOUN
ajfa-16655	274	51	sales	sale	NOUN
ajfa-16655	274	52	,	,	PUNCT
ajfa-16655	274	53	only	only	ADV
ajfa-16655	274	54	debt	debt	NOUN
ajfa-16655	274	55	to	to	ADP
ajfa-16655	274	56	equity	equity	NOUN
ajfa-16655	274	57	has	have	VERB
ajfa-16655	274	58	a	a	DET
ajfa-16655	274	59	significant	significant	ADJ
ajfa-16655	274	60	positive	positive	ADJ
ajfa-16655	274	61	impact	impact	NOUN
ajfa-16655	274	62	with	with	ADP
ajfa-16655	274	63	intangible	intangible	ADJ
ajfa-16655	274	64	assets	asset	NOUN
ajfa-16655	274	65	so	so	SCONJ
ajfa-16655	274	66	h2a	h2a	NOUN
ajfa-16655	274	67	was	be	AUX
ajfa-16655	274	68	supported	support	VERB
ajfa-16655	274	69	in	in	ADP
ajfa-16655	274	70	services	service	NOUN
ajfa-16655	274	71	sector	sector	NOUN
ajfa-16655	274	72	.	.	PUNCT
ajfa-16655	275	1	h4	h4	NOUN
ajfa-16655	275	2	:	:	PUNCT
ajfa-16655	275	3	the	the	DET
ajfa-16655	275	4	contribution	contribution	NOUN
ajfa-16655	275	5	of	of	ADP
ajfa-16655	275	6	intangible	intangible	ADJ
ajfa-16655	275	7	assets	asset	NOUN
ajfa-16655	275	8	to	to	ADP
ajfa-16655	275	9	a	a	DET
ajfa-16655	275	10	company	company	NOUN
ajfa-16655	275	11	’s	’s	PART
ajfa-16655	275	12	financial	financial	ADJ
ajfa-16655	275	13	performance	performance	NOUN
ajfa-16655	275	14	,	,	PUNCT
ajfa-16655	275	15	financial	financial	ADJ
ajfa-16655	275	16	policies	policy	NOUN
ajfa-16655	275	17	&	&	CCONJ
ajfa-16655	275	18	market	market	NOUN
ajfa-16655	275	19	value	value	NOUN
ajfa-16655	275	20	will	will	AUX
ajfa-16655	275	21	not	not	PART
ajfa-16655	275	22	be	be	AUX
ajfa-16655	275	23	significantly	significantly	ADV
ajfa-16655	275	24	different	different	ADJ
ajfa-16655	275	25	among	among	ADP
ajfa-16655	275	26	the	the	DET
ajfa-16655	275	27	global	global	ADJ
ajfa-16655	275	28	technological	technological	ADJ
ajfa-16655	275	29	subsector	subsector	NOUN
ajfa-16655	275	30	.	.	PUNCT
ajfa-16655	276	1	to	to	PART
ajfa-16655	276	2	assess	assess	VERB
ajfa-16655	276	3	whether	whether	SCONJ
ajfa-16655	276	4	there	there	PRON
ajfa-16655	276	5	are	be	VERB
ajfa-16655	276	6	significant	significant	ADJ
ajfa-16655	276	7	differences	difference	NOUN
ajfa-16655	276	8	in	in	ADP
ajfa-16655	276	9	the	the	DET
ajfa-16655	276	10	company	company	NOUN
ajfa-16655	276	11	’s	’s	PART
ajfa-16655	276	12	financial	financial	ADJ
ajfa-16655	276	13	performance	performance	NOUN
ajfa-16655	276	14	,	,	PUNCT
ajfa-16655	276	15	financial	financial	ADJ
ajfa-16655	276	16	policy	policy	NOUN
ajfa-16655	276	17	,	,	PUNCT
ajfa-16655	276	18	and	and	CCONJ
ajfa-16655	276	19	firm	firm	ADJ
ajfa-16655	276	20	value	value	NOUN
ajfa-16655	276	21	between	between	ADP
ajfa-16655	276	22	the	the	DET
ajfa-16655	276	23	manufacturing	manufacturing	NOUN
ajfa-16655	276	24	and	and	CCONJ
ajfa-16655	276	25	services	service	NOUN
ajfa-16655	276	26	sector	sector	NOUN
ajfa-16655	276	27	,	,	PUNCT
ajfa-16655	276	28	multi	multi	ADJ
ajfa-16655	276	29	-	-	ADJ
ajfa-16655	276	30	group	group	ADJ
ajfa-16655	276	31	analysis	analysis	NOUN
ajfa-16655	276	32	(	(	PUNCT
ajfa-16655	276	33	mga	mga	PROPN
ajfa-16655	276	34	)	)	PUNCT
ajfa-16655	276	35	was	be	AUX
ajfa-16655	276	36	performed	perform	VERB
ajfa-16655	276	37	.	.	PUNCT
ajfa-16655	277	1	the	the	DET
ajfa-16655	277	2	results	result	NOUN
ajfa-16655	277	3	from	from	ADP
ajfa-16655	277	4	mga	mga	PROPN
ajfa-16655	277	5	revealed	reveal	VERB
ajfa-16655	277	6	that	that	SCONJ
ajfa-16655	277	7	there	there	PRON
ajfa-16655	277	8	are	be	VERB
ajfa-16655	277	9	differences	difference	NOUN
ajfa-16655	277	10	in	in	ADP
ajfa-16655	277	11	asian	asian	ADJ
ajfa-16655	277	12	journal	journal	NOUN
ajfa-16655	277	13	of	of	ADP
ajfa-16655	277	14	finance	finance	PROPN
ajfa-16655	277	15	&	&	CCONJ
ajfa-16655	277	16	accounting	accounting	PROPN
ajfa-16655	277	17	issn	issn	PROPN
ajfa-16655	277	18	1946	1946	NUM
ajfa-16655	277	19	-	-	PUNCT
ajfa-16655	277	20	052x	052x	NOUN
ajfa-16655	277	21	2020	2020	NUM
ajfa-16655	277	22	,	,	PUNCT
ajfa-16655	277	23	vol	vol	NOUN
ajfa-16655	277	24	.	.	PROPN
ajfa-16655	277	25	12	12	NUM
ajfa-16655	277	26	,	,	PUNCT
ajfa-16655	277	27	no	no	INTJ
ajfa-16655	277	28	.	.	NOUN
ajfa-16655	277	29	1	1	NUM
ajfa-16655	277	30	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	277	31	50	50	NUM
ajfa-16655	277	32	the	the	DET
ajfa-16655	277	33	significance	significance	NOUN
ajfa-16655	277	34	of	of	ADP
ajfa-16655	277	35	the	the	DET
ajfa-16655	277	36	impact	impact	NOUN
ajfa-16655	277	37	of	of	ADP
ajfa-16655	277	38	assets	asset	NOUN
ajfa-16655	277	39	on	on	ADP
ajfa-16655	277	40	roa	roa	PROPN
ajfa-16655	277	41	,	,	PUNCT
ajfa-16655	277	42	roe	roe	NOUN
ajfa-16655	277	43	,	,	PUNCT
ajfa-16655	277	44	and	and	CCONJ
ajfa-16655	277	45	roic	roic	ADJ
ajfa-16655	277	46	(	(	PUNCT
ajfa-16655	277	47	p	p	X
ajfa-16655	277	48	<	<	X
ajfa-16655	277	49	.05	.05	NUM
ajfa-16655	277	50	)	)	PUNCT
ajfa-16655	277	51	,	,	PUNCT
ajfa-16655	277	52	however	however	ADV
ajfa-16655	277	53	all	all	DET
ajfa-16655	277	54	other	other	ADJ
ajfa-16655	277	55	differences	difference	NOUN
ajfa-16655	277	56	in	in	ADP
ajfa-16655	277	57	significance	significance	NOUN
ajfa-16655	277	58	between	between	ADP
ajfa-16655	277	59	the	the	DET
ajfa-16655	277	60	two	two	NUM
ajfa-16655	277	61	groups	group	NOUN
ajfa-16655	277	62	are	be	AUX
ajfa-16655	277	63	insignificant	insignificant	ADJ
ajfa-16655	277	64	.	.	PUNCT
ajfa-16655	278	1	the	the	DET
ajfa-16655	278	2	results	result	NOUN
ajfa-16655	278	3	are	be	AUX
ajfa-16655	278	4	summarized	summarize	VERB
ajfa-16655	278	5	in	in	ADP
ajfa-16655	278	6	table	table	NOUN
ajfa-16655	278	7	8	8	NUM
ajfa-16655	278	8	.	.	PUNCT
ajfa-16655	279	1	h5	h5	PROPN
ajfa-16655	279	2	:	:	PUNCT
ajfa-16655	279	3	the	the	DET
ajfa-16655	279	4	contribution	contribution	NOUN
ajfa-16655	279	5	of	of	ADP
ajfa-16655	279	6	intangible	intangible	ADJ
ajfa-16655	279	7	assets	asset	NOUN
ajfa-16655	279	8	to	to	ADP
ajfa-16655	279	9	the	the	DET
ajfa-16655	279	10	company	company	NOUN
ajfa-16655	279	11	’s	’s	PART
ajfa-16655	279	12	financial	financial	ADJ
ajfa-16655	279	13	performance	performance	NOUN
ajfa-16655	279	14	,	,	PUNCT
ajfa-16655	279	15	financial	financial	ADJ
ajfa-16655	279	16	policy	policy	NOUN
ajfa-16655	279	17	,	,	PUNCT
ajfa-16655	279	18	and	and	CCONJ
ajfa-16655	279	19	market	market	NOUN
ajfa-16655	279	20	value	value	NOUN
ajfa-16655	279	21	will	will	AUX
ajfa-16655	279	22	not	not	PART
ajfa-16655	279	23	be	be	AUX
ajfa-16655	279	24	significantly	significantly	ADV
ajfa-16655	279	25	different	different	ADJ
ajfa-16655	279	26	among	among	ADP
ajfa-16655	279	27	different	different	ADJ
ajfa-16655	279	28	country	country	NOUN
ajfa-16655	279	29	’s	’s	PART
ajfa-16655	279	30	groups	group	NOUN
ajfa-16655	279	31	.	.	PUNCT
ajfa-16655	280	1	the	the	DET
ajfa-16655	280	2	study	study	NOUN
ajfa-16655	280	3	evaluated	evaluate	VERB
ajfa-16655	280	4	whether	whether	SCONJ
ajfa-16655	280	5	there	there	PRON
ajfa-16655	280	6	are	be	VERB
ajfa-16655	280	7	significant	significant	ADJ
ajfa-16655	280	8	differences	difference	NOUN
ajfa-16655	280	9	in	in	ADP
ajfa-16655	280	10	the	the	DET
ajfa-16655	280	11	company	company	NOUN
ajfa-16655	280	12	’s	’s	PART
ajfa-16655	280	13	financial	financial	ADJ
ajfa-16655	280	14	performance	performance	NOUN
ajfa-16655	280	15	,	,	PUNCT
ajfa-16655	280	16	financial	financial	ADJ
ajfa-16655	280	17	policy	policy	NOUN
ajfa-16655	280	18	,	,	PUNCT
ajfa-16655	280	19	and	and	CCONJ
ajfa-16655	280	20	firm	firm	ADJ
ajfa-16655	280	21	value	value	NOUN
ajfa-16655	280	22	across	across	ADP
ajfa-16655	280	23	different	different	ADJ
ajfa-16655	280	24	countries	country	NOUN
ajfa-16655	280	25	(	(	PUNCT
ajfa-16655	280	26	finland	finland	PROPN
ajfa-16655	280	27	,	,	PUNCT
ajfa-16655	280	28	japan	japan	PROPN
ajfa-16655	280	29	,	,	PUNCT
ajfa-16655	280	30	pakistan	pakistan	PROPN
ajfa-16655	280	31	,	,	PUNCT
ajfa-16655	280	32	russia	russia	PROPN
ajfa-16655	280	33	&	&	CCONJ
ajfa-16655	280	34	china	china	PROPN
ajfa-16655	280	35	,	,	PUNCT
ajfa-16655	280	36	and	and	CCONJ
ajfa-16655	280	37	the	the	DET
ajfa-16655	280	38	usa	usa	PROPN
ajfa-16655	280	39	)	)	PUNCT
ajfa-16655	280	40	,	,	PUNCT
ajfa-16655	280	41	multi	multi	ADJ
ajfa-16655	280	42	-	-	ADJ
ajfa-16655	280	43	group	group	ADJ
ajfa-16655	280	44	analysis	analysis	NOUN
ajfa-16655	280	45	(	(	PUNCT
ajfa-16655	280	46	mga	mga	PROPN
ajfa-16655	280	47	)	)	PUNCT
ajfa-16655	280	48	was	be	AUX
ajfa-16655	280	49	performed	perform	VERB
ajfa-16655	280	50	.	.	PUNCT
ajfa-16655	281	1	the	the	DET
ajfa-16655	281	2	results	result	NOUN
ajfa-16655	281	3	from	from	ADP
ajfa-16655	281	4	mga	mga	PROPN
ajfa-16655	281	5	revealed	reveal	VERB
ajfa-16655	281	6	that	that	SCONJ
ajfa-16655	281	7	there	there	PRON
ajfa-16655	281	8	are	be	VERB
ajfa-16655	281	9	differences	difference	NOUN
ajfa-16655	281	10	(	(	PUNCT
ajfa-16655	281	11	p	p	X
ajfa-16655	281	12	<	<	X
ajfa-16655	281	13	.05	.05	NUM
ajfa-16655	281	14	)	)	PUNCT
ajfa-16655	281	15	in	in	ADP
ajfa-16655	281	16	the	the	DET
ajfa-16655	281	17	significance	significance	NOUN
ajfa-16655	281	18	of	of	ADP
ajfa-16655	281	19	the	the	DET
ajfa-16655	281	20	impact	impact	NOUN
ajfa-16655	281	21	of	of	ADP
ajfa-16655	281	22	assets	asset	NOUN
ajfa-16655	281	23	on	on	ADP
ajfa-16655	281	24	the	the	DET
ajfa-16655	281	25	criterion	criterion	NOUN
ajfa-16655	281	26	variable	variable	NOUN
ajfa-16655	281	27	between	between	ADP
ajfa-16655	281	28	a	a	DET
ajfa-16655	281	29	few	few	ADJ
ajfa-16655	281	30	countries	country	NOUN
ajfa-16655	281	31	for	for	ADP
ajfa-16655	281	32	instance	instance	NOUN
ajfa-16655	281	33	asset	asset	NOUN
ajfa-16655	281	34	’s	’s	PART
ajfa-16655	281	35	impact	impact	NOUN
ajfa-16655	281	36	on	on	ADP
ajfa-16655	281	37	roic	roic	ADJ
ajfa-16655	281	38	is	be	AUX
ajfa-16655	281	39	significantly	significantly	ADV
ajfa-16655	281	40	different	different	ADJ
ajfa-16655	281	41	between	between	ADP
ajfa-16655	281	42	russia	russia	PROPN
ajfa-16655	281	43	&	&	CCONJ
ajfa-16655	281	44	china	china	PROPN
ajfa-16655	281	45	and	and	CCONJ
ajfa-16655	281	46	usa	usa	PROPN
ajfa-16655	281	47	.	.	PROPN
ajfa-16655	281	48	results	result	NOUN
ajfa-16655	281	49	are	be	AUX
ajfa-16655	281	50	presented	present	VERB
ajfa-16655	281	51	in	in	ADP
ajfa-16655	281	52	table	table	NOUN
ajfa-16655	281	53	9	9	NUM
ajfa-16655	281	54	,	,	PUNCT
ajfa-16655	281	55	a	a	DET
ajfa-16655	281	56	p	p	NOUN
ajfa-16655	281	57	-	-	PUNCT
ajfa-16655	281	58	value	value	NOUN
ajfa-16655	281	59	less	less	ADJ
ajfa-16655	281	60	than	than	ADP
ajfa-16655	281	61	.05	.05	NUM
ajfa-16655	281	62	indicate	indicate	VERB
ajfa-16655	281	63	a	a	DET
ajfa-16655	281	64	significant	significant	ADJ
ajfa-16655	281	65	difference	difference	NOUN
ajfa-16655	281	66	in	in	ADP
ajfa-16655	281	67	the	the	DET
ajfa-16655	281	68	impact	impact	NOUN
ajfa-16655	281	69	of	of	ADP
ajfa-16655	281	70	assets	asset	NOUN
ajfa-16655	281	71	on	on	ADP
ajfa-16655	281	72	different	different	ADJ
ajfa-16655	281	73	outcomes	outcome	NOUN
ajfa-16655	281	74	variables	variable	NOUN
ajfa-16655	281	75	between	between	ADP
ajfa-16655	281	76	the	the	DET
ajfa-16655	281	77	countries	country	NOUN
ajfa-16655	281	78	.	.	PUNCT
ajfa-16655	282	1	table	table	NOUN
ajfa-16655	282	2	7	7	NUM
ajfa-16655	282	3	.	.	PUNCT
ajfa-16655	282	4	country	country	NOUN
ajfa-16655	282	5	group	group	NOUN
ajfa-16655	282	6	wise	wise	ADJ
ajfa-16655	282	7	analysis	analysis	NOUN
ajfa-16655	282	8	finland	finland	PROPN
ajfa-16655	282	9	japan	japan	PROPN
ajfa-16655	282	10	pakistan	pakistan	PROPN
ajfa-16655	282	11	russia	russia	PROPN
ajfa-16655	282	12	and	and	CCONJ
ajfa-16655	282	13	china	china	PROPN
ajfa-16655	282	14	usa	usa	PROPN
ajfa-16655	282	15	beta	beta	PROPN
ajfa-16655	282	16	sd	sd	PROPN
ajfa-16655	282	17	t	t	PROPN
ajfa-16655	282	18	p	p	X
ajfa-16655	282	19	beta	beta	PROPN
ajfa-16655	282	20	sd	sd	NOUN
ajfa-16655	282	21	t	t	PROPN
ajfa-16655	282	22	p	p	X
ajfa-16655	282	23	beta	beta	PROPN
ajfa-16655	282	24	sd	sd	NOUN
ajfa-16655	282	25	t	t	PROPN
ajfa-16655	282	26	p	p	X
ajfa-16655	282	27	beta	beta	PROPN
ajfa-16655	282	28	sd	sd	NOUN
ajfa-16655	282	29	t	t	PROPN
ajfa-16655	282	30	p	p	X
ajfa-16655	282	31	beta	beta	PROPN
ajfa-16655	282	32	sd	sd	NOUN
ajfa-16655	282	33	t	t	PROPN
ajfa-16655	282	34	p	p	NOUN
ajfa-16655	282	35	assets	asset	NOUN
ajfa-16655	282	36	-	-	PUNCT
ajfa-16655	282	37	>	>	X
ajfa-16655	282	38	roe	roe	NOUN
ajfa-16655	282	39	0.202	0.202	NUM
ajfa-16655	282	40	0.099	0.099	NUM
ajfa-16655	282	41	2.044	2.044	NUM
ajfa-16655	282	42	0.041	0.041	NUM
ajfa-16655	282	43	-0.073	-0.073	PUNCT
ajfa-16655	282	44	0.023	0.023	NUM
ajfa-16655	282	45	3.151	3.151	NUM
ajfa-16655	282	46	0.002	0.002	NUM
ajfa-16655	282	47	-0.173	-0.173	PROPN
ajfa-16655	282	48	0.047	0.047	NUM
ajfa-16655	282	49	3.715	3.715	NUM
ajfa-16655	282	50	0.000	0.000	NUM
ajfa-16655	282	51	-0.133	-0.133	NUM
ajfa-16655	282	52	0.081	0.081	NUM
ajfa-16655	282	53	1.645	1.645	NUM
ajfa-16655	282	54	0.101	0.101	NUM
ajfa-16655	282	55	-0.129	-0.129	NUM
ajfa-16655	282	56	0.053	0.053	NUM
ajfa-16655	282	57	2.424	2.424	NUM
ajfa-16655	282	58	0.016	0.016	NUM
ajfa-16655	282	59	assets	asset	NOUN
ajfa-16655	282	60	-	-	PUNCT
ajfa-16655	282	61	>	>	X
ajfa-16655	282	62	roa	roa	NOUN
ajfa-16655	282	63	0.218	0.218	NUM
ajfa-16655	282	64	0.116	0.116	NUM
ajfa-16655	282	65	1.878	1.878	NUM
ajfa-16655	282	66	0.061	0.061	NUM
ajfa-16655	282	67	-0.062	-0.062	NUM
ajfa-16655	282	68	0.021	0.021	NUM
ajfa-16655	282	69	3.023	3.023	NUM
ajfa-16655	282	70	0.003	0.003	NUM
ajfa-16655	282	71	-0.246	-0.246	NOUN
ajfa-16655	282	72	0.031	0.031	NUM
ajfa-16655	282	73	8.046	8.046	NUM
ajfa-16655	282	74	0.000	0.000	NUM
ajfa-16655	282	75	0.094	0.094	NUM
ajfa-16655	282	76	0.103	0.103	NUM
ajfa-16655	282	77	0.914	0.914	NUM
ajfa-16655	282	78	0.361	0.361	NUM
ajfa-16655	282	79	-0.130	-0.130	ADP
ajfa-16655	282	80	0.059	0.059	NUM
ajfa-16655	282	81	2.217	2.217	NUM
ajfa-16655	282	82	0.027	0.027	NUM
ajfa-16655	282	83	assets	asset	NOUN
ajfa-16655	282	84	-	-	PUNCT
ajfa-16655	282	85	>	>	X
ajfa-16655	282	86	roic	roic	ADJ
ajfa-16655	282	87	0.065	0.065	NUM
ajfa-16655	282	88	0.146	0.146	NUM
ajfa-16655	282	89	0.448	0.448	NUM
ajfa-16655	282	90	0.654	0.654	NUM
ajfa-16655	282	91	-0.083	-0.083	NOUN
ajfa-16655	282	92	0.025	0.025	NUM
ajfa-16655	282	93	3.274	3.274	NUM
ajfa-16655	282	94	0.001	0.001	NUM
ajfa-16655	282	95	-0.197	-0.197	NUM
ajfa-16655	282	96	0.035	0.035	NUM
ajfa-16655	282	97	5.588	5.588	NUM
ajfa-16655	282	98	0.000	0.000	NUM
ajfa-16655	282	99	0.115	0.115	NUM
ajfa-16655	282	100	0.095	0.095	NUM
ajfa-16655	282	101	1.201	1.201	NUM
ajfa-16655	282	102	0.230	0.230	NUM
ajfa-16655	282	103	-0.127	-0.127	NOUN
ajfa-16655	282	104	0.061	0.061	NUM
ajfa-16655	282	105	2.092	2.092	NUM
ajfa-16655	282	106	0.037	0.037	NUM
ajfa-16655	282	107	assets	asset	NOUN
ajfa-16655	282	108	-	-	PUNCT
ajfa-16655	282	109	>	>	X
ajfa-16655	282	110	profitability	profitability	NOUN
ajfa-16655	282	111	-0.111	-0.111	PUNCT
ajfa-16655	282	112	0.117	0.117	NUM
ajfa-16655	282	113	0.947	0.947	NUM
ajfa-16655	282	114	0.344	0.344	NUM
ajfa-16655	282	115	-0.075	-0.075	PUNCT
ajfa-16655	282	116	0.021	0.021	NUM
ajfa-16655	282	117	3.533	3.533	NUM
ajfa-16655	282	118	0.000	0.000	NUM
ajfa-16655	282	119	-0.106	-0.106	SYM
ajfa-16655	282	120	0.074	0.074	NUM
ajfa-16655	282	121	1.426	1.426	NUM
ajfa-16655	282	122	0.154	0.154	NUM
ajfa-16655	282	123	0.523	0.523	NUM
ajfa-16655	282	124	0.193	0.193	NUM
ajfa-16655	282	125	2.714	2.714	NUM
ajfa-16655	282	126	0.007	0.007	NUM
ajfa-16655	282	127	-0.099	-0.099	PUNCT
ajfa-16655	282	128	0.039	0.039	NUM
ajfa-16655	282	129	2.542	2.542	NUM
ajfa-16655	282	130	0.011	0.011	NUM
ajfa-16655	282	131	assets	asset	NOUN
ajfa-16655	282	132	-	-	PUNCT
ajfa-16655	282	133	>	>	X
ajfa-16655	282	134	ato	ato	PROPN
ajfa-16655	282	135	0.019	0.019	NUM
ajfa-16655	282	136	0.141	0.141	NUM
ajfa-16655	282	137	0.136	0.136	NUM
ajfa-16655	282	138	0.892	0.892	NUM
ajfa-16655	282	139	-0.069	-0.069	PUNCT
ajfa-16655	282	140	0.031	0.031	NUM
ajfa-16655	282	141	2.202	2.202	NUM
ajfa-16655	282	142	0.028	0.028	NUM
ajfa-16655	282	143	-0.132	-0.132	NUM
ajfa-16655	282	144	0.058	0.058	NUM
ajfa-16655	282	145	2.286	2.286	NUM
ajfa-16655	282	146	0.023	0.023	NUM
ajfa-16655	282	147	-0.242	-0.242	PUNCT
ajfa-16655	282	148	0.160	0.160	NUM
ajfa-16655	282	149	1.515	1.515	NUM
ajfa-16655	282	150	0.130	0.130	NUM
ajfa-16655	282	151	0.027	0.027	NUM
ajfa-16655	282	152	0.083	0.083	NUM
ajfa-16655	282	153	0.318	0.318	NUM
ajfa-16655	282	154	0.750	0.750	NUM
ajfa-16655	282	155	assets	asset	NOUN
ajfa-16655	282	156	-	-	PUNCT
ajfa-16655	282	157	>	>	X
ajfa-16655	282	158	debttoequity	debttoequity	NOUN
ajfa-16655	282	159	-0.136	-0.136	PUNCT
ajfa-16655	282	160	0.097	0.097	NUM
ajfa-16655	282	161	1.397	1.397	NUM
ajfa-16655	282	162	0.163	0.163	NUM
ajfa-16655	282	163	-0.062	-0.062	NUM
ajfa-16655	282	164	0.054	0.054	NUM
ajfa-16655	282	165	1.150	1.150	NUM
ajfa-16655	282	166	0.251	0.251	NUM
ajfa-16655	282	167	0.351	0.351	NUM
ajfa-16655	282	168	0.179	0.179	NUM
ajfa-16655	282	169	1.965	1.965	NUM
ajfa-16655	282	170	0.050	0.050	NUM
ajfa-16655	282	171	0.314	0.314	NUM
ajfa-16655	282	172	0.105	0.105	NUM
ajfa-16655	282	173	2.983	2.983	NUM
ajfa-16655	282	174	0.003	0.003	NUM
ajfa-16655	282	175	-0.105	-0.105	NOUN
ajfa-16655	282	176	0.104	0.104	NUM
ajfa-16655	282	177	1.007	1.007	NUM
ajfa-16655	282	178	0.314	0.314	NUM
ajfa-16655	282	179	assets	asset	NOUN
ajfa-16655	282	180	-	-	PUNCT
ajfa-16655	282	181	>	>	X
ajfa-16655	282	182	dividentpayout	dividentpayout	VERB
ajfa-16655	282	183	0.088	0.088	NUM
ajfa-16655	282	184	0.199	0.199	NUM
ajfa-16655	282	185	0.443	0.443	NUM
ajfa-16655	282	186	0.658	0.658	NUM
ajfa-16655	282	187	0.265	0.265	NUM
ajfa-16655	282	188	0.057	0.057	NUM
ajfa-16655	282	189	4.685	4.685	NUM
ajfa-16655	282	190	0.000	0.000	NUM
ajfa-16655	282	191	-0.055	-0.055	VERB
ajfa-16655	282	192	0.089	0.089	NUM
ajfa-16655	282	193	0.615	0.615	NUM
ajfa-16655	282	194	0.539	0.539	NUM
ajfa-16655	282	195	0.127	0.127	NUM
ajfa-16655	282	196	0.146	0.146	NUM
ajfa-16655	282	197	0.867	0.867	NUM
ajfa-16655	282	198	0.386	0.386	NUM
ajfa-16655	282	199	0.188	0.188	NUM
ajfa-16655	282	200	0.060	0.060	NUM
ajfa-16655	282	201	3.115	3.115	NUM
ajfa-16655	282	202	0.002	0.002	NUM
ajfa-16655	282	203	assets	asset	NOUN
ajfa-16655	282	204	-	-	PUNCT
ajfa-16655	282	205	>	>	X
ajfa-16655	282	206	pe	pe	X
ajfa-16655	282	207	-0.137	-0.137	X
ajfa-16655	282	208	0.127	0.127	NUM
ajfa-16655	282	209	1.073	1.073	NUM
ajfa-16655	282	210	0.284	0.284	NUM
ajfa-16655	282	211	0.300	0.300	NUM
ajfa-16655	282	212	0.235	0.235	NUM
ajfa-16655	282	213	1.278	1.278	NUM
ajfa-16655	282	214	0.202	0.202	NUM
ajfa-16655	282	215	0.081	0.081	NUM
ajfa-16655	282	216	0.160	0.160	NUM
ajfa-16655	282	217	0.509	0.509	NUM
ajfa-16655	282	218	0.611	0.611	NUM
ajfa-16655	282	219	-0.210	-0.210	NOUN
ajfa-16655	282	220	0.092	0.092	NUM
ajfa-16655	282	221	2.280	2.280	NUM
ajfa-16655	282	222	0.023	0.023	NUM
ajfa-16655	282	223	-0.089	-0.089	NOUN
ajfa-16655	282	224	0.154	0.154	NUM
ajfa-16655	282	225	0.579	0.579	NUM
ajfa-16655	282	226	0.563	0.563	NUM
ajfa-16655	282	227	assets	asset	NOUN
ajfa-16655	282	228	-	-	PUNCT
ajfa-16655	282	229	>	>	X
ajfa-16655	282	230	book	book	NOUN
ajfa-16655	282	231	value	value	NOUN
ajfa-16655	282	232	-0.211	-0.211	PUNCT
ajfa-16655	282	233	0.138	0.138	NUM
ajfa-16655	282	234	1.528	1.528	NUM
ajfa-16655	282	235	0.127	0.127	NUM
ajfa-16655	282	236	-0.027	-0.027	NUM
ajfa-16655	282	237	0.048	0.048	NUM
ajfa-16655	282	238	0.557	0.557	NUM
ajfa-16655	282	239	0.578	0.578	NUM
ajfa-16655	282	240	-0.054	-0.054	NOUN
ajfa-16655	282	241	0.014	0.014	NUM
ajfa-16655	282	242	3.990	3.990	NUM
ajfa-16655	282	243	0.000	0.000	NUM
ajfa-16655	282	244	-0.055	-0.055	VERB
ajfa-16655	282	245	0.144	0.144	NUM
ajfa-16655	282	246	0.378	0.378	NUM
ajfa-16655	282	247	0.705	0.705	NUM
ajfa-16655	282	248	-0.442	-0.442	NUM
ajfa-16655	282	249	0.083	0.083	NUM
ajfa-16655	282	250	5.315	5.315	NUM
ajfa-16655	282	251	0.000	0.000	NUM
ajfa-16655	282	252	assets	asset	NOUN
ajfa-16655	282	253	-	-	PUNCT
ajfa-16655	282	254	>	>	X
ajfa-16655	282	255	psale	psale	NOUN
ajfa-16655	282	256	-0.311	-0.311	NUM
ajfa-16655	282	257	0.093	0.093	NUM
ajfa-16655	282	258	3.366	3.366	NUM
ajfa-16655	282	259	0.001	0.001	NUM
ajfa-16655	282	260	-0.056	-0.056	NUM
ajfa-16655	282	261	0.056	0.056	NUM
ajfa-16655	282	262	0.993	0.993	NUM
ajfa-16655	282	263	0.321	0.321	NUM
ajfa-16655	282	264	-0.031	-0.031	NOUN
ajfa-16655	282	265	0.063	0.063	NUM
ajfa-16655	282	266	0.489	0.489	NUM
ajfa-16655	282	267	0.625	0.625	NUM
ajfa-16655	282	268	-0.214	-0.214	PUNCT
ajfa-16655	282	269	0.093	0.093	NUM
ajfa-16655	282	270	2.306	2.306	NUM
ajfa-16655	282	271	0.022	0.022	NUM
ajfa-16655	282	272	-0.478	-0.478	NUM
ajfa-16655	282	273	0.125	0.125	NUM
ajfa-16655	282	274	3.828	3.828	NUM
ajfa-16655	282	275	0.000	0.000	NUM
ajfa-16655	282	276	asian	asian	ADJ
ajfa-16655	282	277	journal	journal	NOUN
ajfa-16655	282	278	of	of	ADP
ajfa-16655	282	279	finance	finance	PROPN
ajfa-16655	282	280	&	&	CCONJ
ajfa-16655	282	281	accounting	accounting	PROPN
ajfa-16655	282	282	issn	issn	PROPN
ajfa-16655	282	283	1946	1946	NUM
ajfa-16655	282	284	-	-	PUNCT
ajfa-16655	282	285	052x	052x	NOUN
ajfa-16655	282	286	2020	2020	NUM
ajfa-16655	282	287	,	,	PUNCT
ajfa-16655	282	288	vol	vol	NOUN
ajfa-16655	282	289	.	.	PROPN
ajfa-16655	282	290	12	12	NUM
ajfa-16655	282	291	,	,	PUNCT
ajfa-16655	282	292	no	no	INTJ
ajfa-16655	282	293	.	.	NOUN
ajfa-16655	282	294	1	1	NUM
ajfa-16655	282	295	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	282	296	51	51	NUM
ajfa-16655	282	297	table	table	NOUN
ajfa-16655	282	298	8	8	NUM
ajfa-16655	282	299	.	.	PUNCT
ajfa-16655	282	300	manufacturing	manufacturing	NOUN
ajfa-16655	282	301	and	and	CCONJ
ajfa-16655	282	302	services	service	NOUN
ajfa-16655	282	303	sector	sector	NOUN
ajfa-16655	282	304	analysis	analysis	NOUN
ajfa-16655	282	305	manufacturing	manufacturing	NOUN
ajfa-16655	282	306	services	service	NOUN
ajfa-16655	282	307	beta	beta	NOUN
ajfa-16655	282	308	sd	sd	ADP
ajfa-16655	282	309	t	t	PROPN
ajfa-16655	282	310	statistics	statistic	NOUN
ajfa-16655	282	311	p	p	NOUN
ajfa-16655	282	312	values	value	NOUN
ajfa-16655	282	313	beta	beta	ADJ
ajfa-16655	282	314	sd	sd	ADP
ajfa-16655	282	315	t	t	PROPN
ajfa-16655	282	316	statistics	statistic	NOUN
ajfa-16655	282	317	p	p	NOUN
ajfa-16655	282	318	values	value	NOUN
ajfa-16655	282	319	assets	asset	NOUN
ajfa-16655	282	320	-	-	PUNCT
ajfa-16655	282	321	>	>	X
ajfa-16655	282	322	roe	roe	PROPN
ajfa-16655	282	323	-0.019	-0.019	PROPN
ajfa-16655	282	324	0.017	0.017	NUM
ajfa-16655	282	325	1.155	1.155	NUM
ajfa-16655	282	326	0.249	0.249	NUM
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ajfa-16655	282	328	0.036	0.036	NUM
ajfa-16655	282	329	4.851	4.851	NUM
ajfa-16655	282	330	0.000	0.000	NUM
ajfa-16655	282	331	assets	asset	NOUN
ajfa-16655	282	332	-	-	PUNCT
ajfa-16655	282	333	>	>	X
ajfa-16655	282	334	roa	roa	PROPN
ajfa-16655	282	335	-0.049	-0.049	PUNCT
ajfa-16655	282	336	0.014	0.014	NUM
ajfa-16655	282	337	3.400	3.400	NUM
ajfa-16655	282	338	0.001	0.001	NUM
ajfa-16655	282	339	-0.217	-0.217	SYM
ajfa-16655	282	340	0.024	0.024	NUM
ajfa-16655	282	341	9.018	9.018	NUM
ajfa-16655	282	342	0.000	0.000	NUM
ajfa-16655	282	343	assets	asset	NOUN
ajfa-16655	282	344	-	-	PUNCT
ajfa-16655	282	345	>	>	X
ajfa-16655	282	346	roic	roic	ADJ
ajfa-16655	282	347	-0.055	-0.055	NOUN
ajfa-16655	282	348	0.016	0.016	NUM
ajfa-16655	282	349	3.382	3.382	NUM
ajfa-16655	282	350	0.001	0.001	NUM
ajfa-16655	282	351	-0.194	-0.194	NOUN
ajfa-16655	282	352	0.024	0.024	NUM
ajfa-16655	282	353	8.136	8.136	NUM
ajfa-16655	282	354	0.000	0.000	NUM
ajfa-16655	282	355	assets	asset	NOUN
ajfa-16655	282	356	-	-	PUNCT
ajfa-16655	282	357	>	>	X
ajfa-16655	282	358	profitability	profitability	NOUN
ajfa-16655	282	359	-0.031	-0.031	PUNCT
ajfa-16655	282	360	0.019	0.019	NUM
ajfa-16655	282	361	1.631	1.631	NUM
ajfa-16655	282	362	0.104	0.104	NUM
ajfa-16655	282	363	-0.039	-0.039	NUM
ajfa-16655	282	364	0.021	0.021	NUM
ajfa-16655	282	365	1.880	1.880	NUM
ajfa-16655	282	366	0.061	0.061	NUM
ajfa-16655	282	367	assets	asset	NOUN
ajfa-16655	282	368	-	-	PUNCT
ajfa-16655	282	369	>	>	X
ajfa-16655	282	370	ato	ato	PROPN
ajfa-16655	282	371	-0.056	-0.056	PROPN
ajfa-16655	282	372	0.015	0.015	NUM
ajfa-16655	282	373	3.774	3.774	NUM
ajfa-16655	282	374	0.000	0.000	NUM
ajfa-16655	282	375	-0.085	-0.085	NUM
ajfa-16655	282	376	0.058	0.058	NUM
ajfa-16655	282	377	1.465	1.465	NUM
ajfa-16655	282	378	0.144	0.144	NUM
ajfa-16655	282	379	assets	asset	NOUN
ajfa-16655	282	380	-	-	PUNCT
ajfa-16655	282	381	>	>	X
ajfa-16655	282	382	debttoequity	debttoequity	NOUN
ajfa-16655	282	383	-0.038	-0.038	PROPN
ajfa-16655	282	384	0.014	0.014	NUM
ajfa-16655	282	385	2.698	2.698	NUM
ajfa-16655	282	386	0.007	0.007	NUM
ajfa-16655	282	387	0.324	0.324	NUM
ajfa-16655	282	388	0.137	0.137	NUM
ajfa-16655	282	389	2.366	2.366	NUM
ajfa-16655	282	390	0.018	0.018	NUM
ajfa-16655	282	391	assets	asset	NOUN
ajfa-16655	282	392	-	-	PUNCT
ajfa-16655	282	393	>	>	X
ajfa-16655	282	394	dividentpayout	dividentpayout	PROPN
ajfa-16655	282	395	0.100	0.100	NUM
ajfa-16655	282	396	0.052	0.052	NUM
ajfa-16655	282	397	1.903	1.903	NUM
ajfa-16655	282	398	0.058	0.058	NUM
ajfa-16655	282	399	0.010	0.010	NUM
ajfa-16655	282	400	0.097	0.097	NUM
ajfa-16655	282	401	0.101	0.101	NUM
ajfa-16655	282	402	0.919	0.919	NUM
ajfa-16655	282	403	assets	asset	NOUN
ajfa-16655	282	404	-	-	PUNCT
ajfa-16655	282	405	>	>	X
ajfa-16655	282	406	pe	pe	ADP
ajfa-16655	282	407	0.301	0.301	NUM
ajfa-16655	282	408	0.238	0.238	NUM
ajfa-16655	282	409	1.265	1.265	NUM
ajfa-16655	282	410	0.206	0.206	NUM
ajfa-16655	282	411	0.039	0.039	NUM
ajfa-16655	282	412	0.091	0.091	NUM
ajfa-16655	282	413	0.432	0.432	NUM
ajfa-16655	282	414	0.666	0.666	NUM
ajfa-16655	282	415	assets	asset	NOUN
ajfa-16655	282	416	-	-	PUNCT
ajfa-16655	282	417	>	>	X
ajfa-16655	282	418	bookvalue	bookvalue	NOUN
ajfa-16655	282	419	-0.090	-0.090	PUNCT
ajfa-16655	282	420	0.020	0.020	NUM
ajfa-16655	282	421	4.427	4.427	NUM
ajfa-16655	282	422	0.000	0.000	NUM
ajfa-16655	282	423	-0.060	-0.060	NOUN
ajfa-16655	282	424	0.012	0.012	NUM
ajfa-16655	282	425	4.951	4.951	NUM
ajfa-16655	282	426	0.000	0.000	NUM
ajfa-16655	282	427	assets	asset	NOUN
ajfa-16655	282	428	-	-	PUNCT
ajfa-16655	282	429	>	>	X
ajfa-16655	282	430	psale	psale	NOUN
ajfa-16655	282	431	-0.105	-0.105	PROPN
ajfa-16655	282	432	0.029	0.029	NUM
ajfa-16655	282	433	3.578	3.578	NUM
ajfa-16655	282	434	0.000	0.000	NUM
ajfa-16655	282	435	-0.051	-0.051	NUM
ajfa-16655	282	436	0.052	0.052	NUM
ajfa-16655	282	437	0.997	0.997	NUM
ajfa-16655	282	438	0.319	0.319	NUM
ajfa-16655	282	439	table	table	NOUN
ajfa-16655	282	440	9	9	NUM
ajfa-16655	282	441	.	.	PUNCT
ajfa-16655	283	1	multi	multi	ADJ
ajfa-16655	283	2	-	-	NOUN
ajfa-16655	283	3	group	group	NOUN
ajfa-16655	283	4	analysis	analysis	NOUN
ajfa-16655	283	5	–	–	PUNCT
ajfa-16655	283	6	manufacturing	manufacturing	NOUN
ajfa-16655	283	7	and	and	CCONJ
ajfa-16655	283	8	services	service	NOUN
ajfa-16655	283	9	sector	sector	NOUN
ajfa-16655	283	10	manufacturing	manufacturing	NOUN
ajfa-16655	283	11	–	–	PUNCT
ajfa-16655	283	12	services	service	NOUN
ajfa-16655	283	13	p	p	NOUN
ajfa-16655	283	14	-	-	PUNCT
ajfa-16655	283	15	value(manufacturing	value(manufacturing	NOUN
ajfa-16655	283	16	vs	vs	ADP
ajfa-16655	283	17	services	service	NOUN
ajfa-16655	283	18	)	)	PUNCT
ajfa-16655	283	19	assets	asset	NOUN
ajfa-16655	283	20	-	-	PUNCT
ajfa-16655	283	21	>	>	X
ajfa-16655	283	22	roe	roe	NOUN
ajfa-16655	283	23	0.157	0.157	NUM
ajfa-16655	283	24	0.000	0.000	NUM
ajfa-16655	283	25	assets	asset	NOUN
ajfa-16655	283	26	-	-	PUNCT
ajfa-16655	283	27	>	>	X
ajfa-16655	283	28	roa	roa	NOUN
ajfa-16655	283	29	0.169	0.169	NUM
ajfa-16655	283	30	0.000	0.000	NUM
ajfa-16655	283	31	assets	asset	NOUN
ajfa-16655	283	32	-	-	PUNCT
ajfa-16655	283	33	>	>	X
ajfa-16655	283	34	roic	roic	ADJ
ajfa-16655	283	35	0.139	0.139	NUM
ajfa-16655	283	36	0.000	0.000	NUM
ajfa-16655	283	37	assets	asset	NOUN
ajfa-16655	283	38	-	-	PUNCT
ajfa-16655	283	39	>	>	X
ajfa-16655	283	40	profitability	profitability	NOUN
ajfa-16655	283	41	0.007	0.007	NUM
ajfa-16655	283	42	0.372	0.372	NUM
ajfa-16655	283	43	assets	asset	NOUN
ajfa-16655	283	44	-	-	PUNCT
ajfa-16655	283	45	>	>	X
ajfa-16655	283	46	ato	ato	PROPN
ajfa-16655	283	47	0.029	0.029	NUM
ajfa-16655	283	48	0.308	0.308	NUM
ajfa-16655	283	49	assets	asset	NOUN
ajfa-16655	283	50	-	-	PUNCT
ajfa-16655	283	51	>	>	X
ajfa-16655	283	52	debttoequity	debttoequity	NOUN
ajfa-16655	283	53	0.361	0.361	NUM
ajfa-16655	283	54	0.995	0.995	NUM
ajfa-16655	283	55	assets	asset	NOUN
ajfa-16655	283	56	-	-	PUNCT
ajfa-16655	283	57	>	>	X
ajfa-16655	283	58	dividentpayout	dividentpayout	VERB
ajfa-16655	283	59	0.090	0.090	NUM
ajfa-16655	283	60	0.204	0.204	NUM
ajfa-16655	283	61	assets	asset	NOUN
ajfa-16655	283	62	-	-	PUNCT
ajfa-16655	283	63	>	>	X
ajfa-16655	283	64	pe	pe	PROPN
ajfa-16655	283	65	0.262	0.262	NUM
ajfa-16655	283	66	0.118	0.118	NUM
ajfa-16655	283	67	assets	asset	NOUN
ajfa-16655	283	68	-	-	PUNCT
ajfa-16655	283	69	>	>	X
ajfa-16655	283	70	bookvalue	bookvalue	NOUN
ajfa-16655	283	71	0.030	0.030	NUM
ajfa-16655	283	72	0.890	0.890	NUM
ajfa-16655	283	73	assets	asset	NOUN
ajfa-16655	283	74	-	-	PUNCT
ajfa-16655	283	75	>	>	X
ajfa-16655	283	76	psale	psale	NOUN
ajfa-16655	283	77	0.054	0.054	NUM
ajfa-16655	283	78	0.832	0.832	NUM
ajfa-16655	283	79	table	table	NOUN
ajfa-16655	283	80	10	10	NUM
ajfa-16655	283	81	.	.	PUNCT
ajfa-16655	284	1	multi	multi	ADJ
ajfa-16655	284	2	-	-	NOUN
ajfa-16655	284	3	group	group	NOUN
ajfa-16655	284	4	analysis	analysis	NOUN
ajfa-16655	284	5	-	-	PUNCT
ajfa-16655	284	6	country	country	NOUN
ajfa-16655	284	7	groups	group	NOUN
ajfa-16655	284	8	6	6	NUM
ajfa-16655	284	9	.	.	PUNCT
ajfa-16655	285	1	discussion	discussion	NOUN
ajfa-16655	285	2	these	these	DET
ajfa-16655	285	3	results	result	NOUN
ajfa-16655	285	4	support	support	VERB
ajfa-16655	285	5	previous	previous	ADJ
ajfa-16655	285	6	research	research	NOUN
ajfa-16655	285	7	of	of	ADP
ajfa-16655	285	8	haji	haji	PROPN
ajfa-16655	285	9	and	and	CCONJ
ajfa-16655	285	10	ghazali	ghazali	PROPN
ajfa-16655	285	11	(	(	PUNCT
ajfa-16655	285	12	2018	2018	NUM
ajfa-16655	285	13	)	)	PUNCT
ajfa-16655	285	14	,	,	PUNCT
ajfa-16655	285	15	nijun	nijun	PROPN
ajfa-16655	285	16	zhang	zhang	PROPN
ajfa-16655	285	17	(	(	PUNCT
ajfa-16655	285	18	2017	2017	NUM
ajfa-16655	285	19	)	)	PUNCT
ajfa-16655	285	20	vladimir	vladimir	PROPN
ajfa-16655	285	21	dženopoljac	dženopoljac	PROPN
ajfa-16655	285	22	,	,	PUNCT
ajfa-16655	285	23	stevo	stevo	PROPN
ajfa-16655	285	24	janoševic	janoševic	PROPN
ajfa-16655	285	25	&	&	CCONJ
ajfa-16655	285	26	nick	nick	PROPN
ajfa-16655	285	27	bontis	bontis	PROPN
ajfa-16655	285	28	degroote	degroote	PROPN
ajfa-16655	285	29	(	(	PUNCT
ajfa-16655	285	30	2016	2016	NUM
ajfa-16655	285	31	)	)	PUNCT
ajfa-16655	285	32	and	and	CCONJ
ajfa-16655	285	33	gamayuni	gamayuni	PROPN
ajfa-16655	285	34	(	(	PUNCT
ajfa-16655	285	35	2015	2015	NUM
ajfa-16655	285	36	)	)	PUNCT
ajfa-16655	285	37	found	find	VERB
ajfa-16655	285	38	that	that	SCONJ
ajfa-16655	285	39	the	the	PRON
ajfa-16655	285	40	higher	high	ADJ
ajfa-16655	285	41	the	the	DET
ajfa-16655	285	42	intangible	intangible	ADJ
ajfa-16655	285	43	assets	asset	NOUN
ajfa-16655	285	44	,	,	PUNCT
ajfa-16655	285	45	the	the	PRON
ajfa-16655	285	46	higher	high	ADJ
ajfa-16655	285	47	the	the	DET
ajfa-16655	285	48	ability	ability	NOUN
ajfa-16655	285	49	of	of	ADP
ajfa-16655	285	50	companies	company	NOUN
ajfa-16655	285	51	to	to	PART
ajfa-16655	285	52	return	return	VERB
ajfa-16655	285	53	earnings	earning	NOUN
ajfa-16655	285	54	assets	asset	NOUN
ajfa-16655	285	55	.	.	PUNCT
ajfa-16655	286	1	the	the	PRON
ajfa-16655	286	2	higher	high	ADJ
ajfa-16655	286	3	the	the	DET
ajfa-16655	286	4	intangible	intangible	ADJ
ajfa-16655	286	5	assets	asset	NOUN
ajfa-16655	286	6	owned	own	VERB
ajfa-16655	286	7	by	by	ADP
ajfa-16655	286	8	the	the	DET
ajfa-16655	286	9	company	company	NOUN
ajfa-16655	286	10	,	,	PUNCT
ajfa-16655	286	11	the	the	DET
ajfa-16655	286	12	higher	high	ADJ
ajfa-16655	286	13	asian	asian	ADJ
ajfa-16655	286	14	journal	journal	NOUN
ajfa-16655	286	15	of	of	ADP
ajfa-16655	286	16	finance	finance	PROPN
ajfa-16655	286	17	&	&	CCONJ
ajfa-16655	286	18	accounting	accounting	PROPN
ajfa-16655	286	19	issn	issn	PROPN
ajfa-16655	286	20	1946	1946	NUM
ajfa-16655	286	21	-	-	PUNCT
ajfa-16655	286	22	052x	052x	NOUN
ajfa-16655	286	23	2020	2020	NUM
ajfa-16655	286	24	,	,	PUNCT
ajfa-16655	286	25	vol	vol	NOUN
ajfa-16655	286	26	.	.	PROPN
ajfa-16655	287	1	12	12	NUM
ajfa-16655	287	2	,	,	PUNCT
ajfa-16655	287	3	no	no	INTJ
ajfa-16655	287	4	.	.	NOUN
ajfa-16655	287	5	1	1	NUM
ajfa-16655	287	6	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	287	7	52	52	NUM
ajfa-16655	287	8	company	company	NOUN
ajfa-16655	287	9	's	's	PART
ajfa-16655	287	10	ability	ability	NOUN
ajfa-16655	287	11	to	to	PART
ajfa-16655	287	12	generate	generate	VERB
ajfa-16655	287	13	profits	profit	NOUN
ajfa-16655	287	14	,	,	PUNCT
ajfa-16655	287	15	and	and	CCONJ
ajfa-16655	287	16	investors	investor	NOUN
ajfa-16655	287	17	will	will	AUX
ajfa-16655	287	18	appreciate	appreciate	VERB
ajfa-16655	287	19	the	the	DET
ajfa-16655	287	20	company	company	NOUN
ajfa-16655	287	21	(	(	PUNCT
ajfa-16655	287	22	seen	see	VERB
ajfa-16655	287	23	from	from	ADP
ajfa-16655	287	24	the	the	DET
ajfa-16655	287	25	large	large	ADJ
ajfa-16655	287	26	market	market	NOUN
ajfa-16655	287	27	capitalization	capitalization	NOUN
ajfa-16655	287	28	of	of	ADP
ajfa-16655	287	29	companies	company	NOUN
ajfa-16655	287	30	)	)	PUNCT
ajfa-16655	287	31	that	that	PRON
ajfa-16655	287	32	will	will	AUX
ajfa-16655	287	33	increase	increase	VERB
ajfa-16655	287	34	the	the	DET
ajfa-16655	287	35	value	value	NOUN
ajfa-16655	287	36	of	of	ADP
ajfa-16655	287	37	the	the	DET
ajfa-16655	287	38	company	company	NOUN
ajfa-16655	287	39	.	.	PUNCT
ajfa-16655	288	1	model	model	NOUN
ajfa-16655	288	2	1	1	NUM
ajfa-16655	288	3	of	of	ADP
ajfa-16655	288	4	the	the	DET
ajfa-16655	288	5	study	study	NOUN
ajfa-16655	288	6	shows	show	VERB
ajfa-16655	288	7	that	that	SCONJ
ajfa-16655	288	8	intangible	intangible	ADJ
ajfa-16655	288	9	assets	asset	NOUN
ajfa-16655	288	10	have	have	VERB
ajfa-16655	288	11	a	a	DET
ajfa-16655	288	12	positive	positive	ADJ
ajfa-16655	288	13	impact	impact	NOUN
ajfa-16655	288	14	on	on	ADP
ajfa-16655	288	15	the	the	DET
ajfa-16655	288	16	financial	financial	ADJ
ajfa-16655	288	17	performance	performance	NOUN
ajfa-16655	288	18	of	of	ADP
ajfa-16655	288	19	the	the	DET
ajfa-16655	288	20	enterprise	enterprise	NOUN
ajfa-16655	288	21	because	because	SCONJ
ajfa-16655	288	22	out	out	ADP
ajfa-16655	288	23	of	of	ADP
ajfa-16655	288	24	five	five	NUM
ajfa-16655	288	25	proxies	proxy	NOUN
ajfa-16655	288	26	,	,	PUNCT
ajfa-16655	288	27	four	four	NUM
ajfa-16655	288	28	have	have	VERB
ajfa-16655	288	29	the	the	DET
ajfa-16655	288	30	significantly	significantly	ADV
ajfa-16655	288	31	affected	affect	VERB
ajfa-16655	288	32	by	by	ADP
ajfa-16655	288	33	intangibles	intangible	NOUN
ajfa-16655	288	34	.	.	PUNCT
ajfa-16655	289	1	model	model	NOUN
ajfa-16655	289	2	2	2	NUM
ajfa-16655	289	3	shows	show	VERB
ajfa-16655	289	4	that	that	SCONJ
ajfa-16655	289	5	sub	sub	NOUN
ajfa-16655	289	6	hypothesis	hypothesis	NOUN
ajfa-16655	289	7	dividend	dividend	NOUN
ajfa-16655	289	8	policy	policy	NOUN
ajfa-16655	289	9	affects	affect	VERB
ajfa-16655	289	10	from	from	ADP
ajfa-16655	289	11	the	the	DET
ajfa-16655	289	12	intangibles	intangible	NOUN
ajfa-16655	289	13	that	that	PRON
ajfa-16655	289	14	supported	support	VERB
ajfa-16655	289	15	the	the	DET
ajfa-16655	289	16	model	model	NOUN
ajfa-16655	289	17	also	also	ADV
ajfa-16655	289	18	.	.	PUNCT
ajfa-16655	290	1	model	model	NOUN
ajfa-16655	290	2	3	3	NUM
ajfa-16655	290	3	result	result	NOUN
ajfa-16655	290	4	shows	show	VERB
ajfa-16655	290	5	that	that	SCONJ
ajfa-16655	290	6	price	price	NOUN
ajfa-16655	290	7	/	/	SYM
ajfa-16655	290	8	book	book	NOUN
ajfa-16655	290	9	value	value	NOUN
ajfa-16655	290	10	and	and	CCONJ
ajfa-16655	290	11	price	price	NOUN
ajfa-16655	290	12	/	/	SYM
ajfa-16655	290	13	sales	sale	NOUN
ajfa-16655	290	14	negatively	negatively	ADV
ajfa-16655	290	15	affected	affect	VERB
ajfa-16655	290	16	from	from	ADP
ajfa-16655	290	17	the	the	DET
ajfa-16655	290	18	intangibles	intangible	NOUN
ajfa-16655	290	19	.	.	PUNCT
ajfa-16655	291	1	model	model	NOUN
ajfa-16655	291	2	4	4	NUM
ajfa-16655	291	3	used	use	VERB
ajfa-16655	291	4	for	for	ADP
ajfa-16655	291	5	sectorial	sectorial	ADJ
ajfa-16655	291	6	analysis	analysis	NOUN
ajfa-16655	291	7	of	of	ADP
ajfa-16655	291	8	the	the	DET
ajfa-16655	291	9	technological	technological	ADJ
ajfa-16655	291	10	sector	sector	NOUN
ajfa-16655	291	11	of	of	ADP
ajfa-16655	291	12	80	80	NUM
ajfa-16655	291	13	companies	company	NOUN
ajfa-16655	291	14	and	and	CCONJ
ajfa-16655	291	15	multi	multi	ADJ
ajfa-16655	291	16	group	group	NOUN
ajfa-16655	291	17	analysis	analysis	NOUN
ajfa-16655	291	18	revealed	reveal	VERB
ajfa-16655	291	19	that	that	SCONJ
ajfa-16655	291	20	there	there	PRON
ajfa-16655	291	21	difference	difference	NOUN
ajfa-16655	291	22	in	in	ADP
ajfa-16655	291	23	the	the	DET
ajfa-16655	291	24	significance	significance	NOUN
ajfa-16655	291	25	on	on	ADP
ajfa-16655	291	26	profitability	profitability	NOUN
ajfa-16655	291	27	and	and	CCONJ
ajfa-16655	291	28	efficiency	efficiency	NOUN
ajfa-16655	291	29	,	,	PUNCT
ajfa-16655	291	30	however	however	ADV
ajfa-16655	291	31	,	,	PUNCT
ajfa-16655	291	32	all	all	DET
ajfa-16655	291	33	other	other	ADJ
ajfa-16655	291	34	differences	difference	NOUN
ajfa-16655	291	35	in	in	ADP
ajfa-16655	291	36	significance	significance	NOUN
ajfa-16655	291	37	between	between	ADP
ajfa-16655	291	38	manufacturing	manufacturing	NOUN
ajfa-16655	291	39	and	and	CCONJ
ajfa-16655	291	40	service	service	NOUN
ajfa-16655	291	41	are	be	AUX
ajfa-16655	291	42	insignificant	insignificant	ADJ
ajfa-16655	291	43	.	.	PUNCT
ajfa-16655	292	1	the	the	DET
ajfa-16655	292	2	results	result	NOUN
ajfa-16655	292	3	of	of	ADP
ajfa-16655	292	4	the	the	DET
ajfa-16655	292	5	model	model	NOUN
ajfa-16655	292	6	5	5	NUM
ajfa-16655	292	7	revealed	reveal	VERB
ajfa-16655	292	8	that	that	SCONJ
ajfa-16655	292	9	there	there	PRON
ajfa-16655	292	10	are	be	VERB
ajfa-16655	292	11	significant	significant	ADJ
ajfa-16655	292	12	differences	difference	NOUN
ajfa-16655	292	13	in	in	ADP
ajfa-16655	292	14	the	the	DET
ajfa-16655	292	15	company	company	NOUN
ajfa-16655	292	16	’s	’s	PART
ajfa-16655	292	17	financial	financial	ADJ
ajfa-16655	292	18	performance	performance	NOUN
ajfa-16655	292	19	,	,	PUNCT
ajfa-16655	292	20	financial	financial	ADJ
ajfa-16655	292	21	policy	policy	NOUN
ajfa-16655	292	22	,	,	PUNCT
ajfa-16655	292	23	and	and	CCONJ
ajfa-16655	292	24	firm	firm	ADJ
ajfa-16655	292	25	value	value	NOUN
ajfa-16655	292	26	across	across	ADP
ajfa-16655	292	27	different	different	ADJ
ajfa-16655	292	28	countries	country	NOUN
ajfa-16655	292	29	(	(	PUNCT
ajfa-16655	292	30	finland	finland	PROPN
ajfa-16655	292	31	,	,	PUNCT
ajfa-16655	292	32	japan	japan	PROPN
ajfa-16655	292	33	,	,	PUNCT
ajfa-16655	292	34	pakistan	pakistan	PROPN
ajfa-16655	292	35	,	,	PUNCT
ajfa-16655	292	36	russia	russia	PROPN
ajfa-16655	292	37	&	&	CCONJ
ajfa-16655	292	38	china	china	PROPN
ajfa-16655	292	39	,	,	PUNCT
ajfa-16655	292	40	and	and	CCONJ
ajfa-16655	292	41	the	the	DET
ajfa-16655	292	42	usa	usa	PROPN
ajfa-16655	292	43	)	)	PUNCT
ajfa-16655	292	44	,	,	PUNCT
ajfa-16655	292	45	multi	multi	ADJ
ajfa-16655	292	46	-	-	ADJ
ajfa-16655	292	47	group	group	ADJ
ajfa-16655	292	48	analysis	analysis	NOUN
ajfa-16655	292	49	(	(	PUNCT
ajfa-16655	292	50	mga	mga	PROPN
ajfa-16655	292	51	)	)	PUNCT
ajfa-16655	292	52	was	be	AUX
ajfa-16655	292	53	performed	perform	VERB
ajfa-16655	292	54	.	.	PUNCT
ajfa-16655	293	1	this	this	DET
ajfa-16655	293	2	paper	paper	NOUN
ajfa-16655	293	3	covers	cover	VERB
ajfa-16655	293	4	the	the	DET
ajfa-16655	293	5	gap	gap	NOUN
ajfa-16655	293	6	by	by	ADP
ajfa-16655	293	7	taking	take	VERB
ajfa-16655	293	8	comparative	comparative	ADJ
ajfa-16655	293	9	analysis	analysis	NOUN
ajfa-16655	293	10	among	among	ADP
ajfa-16655	293	11	14	14	NUM
ajfa-16655	293	12	countries	country	NOUN
ajfa-16655	293	13	and	and	CCONJ
ajfa-16655	293	14	find	find	VERB
ajfa-16655	293	15	that	that	SCONJ
ajfa-16655	293	16	results	result	NOUN
ajfa-16655	293	17	vary	vary	VERB
ajfa-16655	293	18	country	country	NOUN
ajfa-16655	293	19	to	to	ADP
ajfa-16655	293	20	country	country	NOUN
ajfa-16655	293	21	and	and	CCONJ
ajfa-16655	293	22	also	also	ADV
ajfa-16655	293	23	varies	vary	VERB
ajfa-16655	293	24	among	among	ADP
ajfa-16655	293	25	sectors	sector	NOUN
ajfa-16655	293	26	.	.	PUNCT
ajfa-16655	294	1	this	this	DET
ajfa-16655	294	2	study	study	NOUN
ajfa-16655	294	3	is	be	AUX
ajfa-16655	294	4	will	will	AUX
ajfa-16655	294	5	help	help	VERB
ajfa-16655	294	6	in	in	ADP
ajfa-16655	294	7	find	find	VERB
ajfa-16655	294	8	out	out	ADP
ajfa-16655	294	9	that	that	SCONJ
ajfa-16655	294	10	the	the	DET
ajfa-16655	294	11	impact	impact	NOUN
ajfa-16655	294	12	of	of	ADP
ajfa-16655	294	13	intangibles	intangible	NOUN
ajfa-16655	294	14	in	in	ADP
ajfa-16655	294	15	technology	technology	NOUN
ajfa-16655	294	16	firm	firm	NOUN
ajfa-16655	294	17	and	and	CCONJ
ajfa-16655	294	18	identify	identify	VERB
ajfa-16655	294	19	country	country	NOUN
ajfa-16655	294	20	or	or	CCONJ
ajfa-16655	294	21	sectors	sector	NOUN
ajfa-16655	294	22	means	mean	VERB
ajfa-16655	294	23	(	(	PUNCT
ajfa-16655	294	24	manufacturing	manufacturing	NOUN
ajfa-16655	294	25	or	or	CCONJ
ajfa-16655	294	26	services	service	NOUN
ajfa-16655	294	27	)	)	PUNCT
ajfa-16655	294	28	that	that	PRON
ajfa-16655	294	29	capitalize	capitalize	VERB
ajfa-16655	294	30	intangibles	intangible	NOUN
ajfa-16655	294	31	more	more	ADV
ajfa-16655	294	32	efficiently	efficiently	ADV
ajfa-16655	294	33	.	.	PUNCT
ajfa-16655	295	1	intangibles	intangible	NOUN
ajfa-16655	295	2	assets	asset	NOUN
ajfa-16655	295	3	are	be	AUX
ajfa-16655	295	4	nowadays	nowadays	ADV
ajfa-16655	295	5	become	become	VERB
ajfa-16655	295	6	the	the	DET
ajfa-16655	295	7	safest	safe	ADJ
ajfa-16655	295	8	investment	investment	NOUN
ajfa-16655	295	9	because	because	SCONJ
ajfa-16655	295	10	it	it	PRON
ajfa-16655	295	11	will	will	AUX
ajfa-16655	295	12	make	make	VERB
ajfa-16655	295	13	your	your	PRON
ajfa-16655	295	14	firm	firm	NOUN
ajfa-16655	295	15	stronger	strong	ADJ
ajfa-16655	295	16	and	and	CCONJ
ajfa-16655	295	17	more	more	ADV
ajfa-16655	295	18	productive	productive	ADJ
ajfa-16655	295	19	by	by	ADP
ajfa-16655	295	20	increasing	increase	VERB
ajfa-16655	295	21	the	the	DET
ajfa-16655	295	22	market	market	NOUN
ajfa-16655	295	23	efficiency	efficiency	NOUN
ajfa-16655	295	24	as	as	ADV
ajfa-16655	295	25	well	well	ADV
ajfa-16655	295	26	build	build	VERB
ajfa-16655	295	27	on	on	ADP
ajfa-16655	295	28	profitable	profitable	ADJ
ajfa-16655	295	29	channels	channel	NOUN
ajfa-16655	295	30	by	by	ADP
ajfa-16655	295	31	showing	show	VERB
ajfa-16655	295	32	your	your	PRON
ajfa-16655	295	33	goodwill	goodwill	NOUN
ajfa-16655	295	34	in	in	ADP
ajfa-16655	295	35	numbers	number	NOUN
ajfa-16655	295	36	at	at	ADP
ajfa-16655	295	37	the	the	DET
ajfa-16655	295	38	financial	financial	ADJ
ajfa-16655	295	39	position	position	NOUN
ajfa-16655	295	40	statement	statement	NOUN
ajfa-16655	295	41	of	of	ADP
ajfa-16655	295	42	business	business	NOUN
ajfa-16655	295	43	.	.	PUNCT
ajfa-16655	296	1	by	by	ADP
ajfa-16655	296	2	studying	study	VERB
ajfa-16655	296	3	from	from	ADP
ajfa-16655	296	4	different	different	ADJ
ajfa-16655	296	5	aspects	aspect	NOUN
ajfa-16655	296	6	it	it	PRON
ajfa-16655	296	7	is	be	AUX
ajfa-16655	296	8	concluded	conclude	VERB
ajfa-16655	296	9	intangible	intangible	ADJ
ajfa-16655	296	10	assets	asset	NOUN
ajfa-16655	296	11	is	be	AUX
ajfa-16655	296	12	useful	useful	ADJ
ajfa-16655	296	13	resource	resource	NOUN
ajfa-16655	296	14	of	of	ADP
ajfa-16655	296	15	the	the	DET
ajfa-16655	296	16	business	business	NOUN
ajfa-16655	296	17	,	,	PUNCT
ajfa-16655	296	18	it	it	PRON
ajfa-16655	296	19	should	should	AUX
ajfa-16655	296	20	fairly	fairly	ADV
ajfa-16655	296	21	recorded	record	VERB
ajfa-16655	296	22	and	and	CCONJ
ajfa-16655	296	23	disclosed	disclose	VERB
ajfa-16655	296	24	in	in	ADP
ajfa-16655	296	25	the	the	DET
ajfa-16655	296	26	balance	balance	NOUN
ajfa-16655	296	27	sheet	sheet	NOUN
ajfa-16655	296	28	.	.	PUNCT
ajfa-16655	297	1	7	7	X
ajfa-16655	297	2	.	.	X
ajfa-16655	297	3	conclusion	conclusion	NOUN
ajfa-16655	297	4	the	the	DET
ajfa-16655	297	5	current	current	ADJ
ajfa-16655	297	6	paper	paper	NOUN
ajfa-16655	297	7	supports	support	VERB
ajfa-16655	297	8	the	the	DET
ajfa-16655	297	9	impact	impact	NOUN
ajfa-16655	297	10	of	of	ADP
ajfa-16655	297	11	intangibles	intangible	NOUN
ajfa-16655	297	12	on	on	ADP
ajfa-16655	297	13	profitability	profitability	NOUN
ajfa-16655	297	14	,	,	PUNCT
ajfa-16655	297	15	efficiency	efficiency	NOUN
ajfa-16655	297	16	,	,	PUNCT
ajfa-16655	297	17	capital	capital	NOUN
ajfa-16655	297	18	structure	structure	NOUN
ajfa-16655	297	19	,	,	PUNCT
ajfa-16655	297	20	and	and	CCONJ
ajfa-16655	297	21	dividend	dividend	NOUN
ajfa-16655	297	22	policy	policy	NOUN
ajfa-16655	297	23	,	,	PUNCT
ajfa-16655	297	24	and	and	CCONJ
ajfa-16655	297	25	market	market	NOUN
ajfa-16655	297	26	value	value	NOUN
ajfa-16655	297	27	of	of	ADP
ajfa-16655	297	28	technology	technology	NOUN
ajfa-16655	297	29	firms	firm	NOUN
ajfa-16655	297	30	.	.	PUNCT
ajfa-16655	298	1	this	this	DET
ajfa-16655	298	2	paper	paper	NOUN
ajfa-16655	298	3	attempt	attempt	NOUN
ajfa-16655	298	4	to	to	PART
ajfa-16655	298	5	cover	cover	VERB
ajfa-16655	298	6	broader	broad	ADJ
ajfa-16655	298	7	portrait	portrait	NOUN
ajfa-16655	298	8	drew	draw	VERB
ajfa-16655	298	9	from	from	ADP
ajfa-16655	298	10	the	the	DET
ajfa-16655	298	11	impact	impact	NOUN
ajfa-16655	298	12	of	of	ADP
ajfa-16655	298	13	intangibles	intangible	NOUN
ajfa-16655	298	14	by	by	ADP
ajfa-16655	298	15	introducing	introduce	VERB
ajfa-16655	298	16	14	14	NUM
ajfa-16655	298	17	countries	country	NOUN
ajfa-16655	298	18	financial	financial	ADJ
ajfa-16655	298	19	indicators	indicator	NOUN
ajfa-16655	298	20	from	from	ADP
ajfa-16655	298	21	2015	2015	NUM
ajfa-16655	298	22	to	to	ADP
ajfa-16655	298	23	2018	2018	NUM
ajfa-16655	298	24	.	.	PUNCT
ajfa-16655	299	1	in	in	ADP
ajfa-16655	299	2	previous	previous	ADJ
ajfa-16655	299	3	studies	study	NOUN
ajfa-16655	299	4	,	,	PUNCT
ajfa-16655	299	5	only	only	ADV
ajfa-16655	299	6	one	one	NUM
ajfa-16655	299	7	country	country	NOUN
ajfa-16655	299	8	and	and	CCONJ
ajfa-16655	299	9	any	any	DET
ajfa-16655	299	10	specific	specific	ADJ
ajfa-16655	299	11	market	market	NOUN
ajfa-16655	299	12	aspect	aspect	NOUN
ajfa-16655	299	13	covered	cover	VERB
ajfa-16655	299	14	not	not	PART
ajfa-16655	299	15	global	global	ADJ
ajfa-16655	299	16	comparative	comparative	ADJ
ajfa-16655	299	17	analysis	analysis	NOUN
ajfa-16655	299	18	conducted	conduct	VERB
ajfa-16655	299	19	.	.	PUNCT
ajfa-16655	300	1	the	the	DET
ajfa-16655	300	2	main	main	ADJ
ajfa-16655	300	3	purpose	purpose	NOUN
ajfa-16655	300	4	of	of	ADP
ajfa-16655	300	5	this	this	DET
ajfa-16655	300	6	study	study	NOUN
ajfa-16655	300	7	is	be	AUX
ajfa-16655	300	8	to	to	PART
ajfa-16655	300	9	find	find	VERB
ajfa-16655	300	10	out	out	ADP
ajfa-16655	300	11	whether	whether	SCONJ
ajfa-16655	300	12	intangibles	intangible	NOUN
ajfa-16655	300	13	impact	impact	VERB
ajfa-16655	300	14	financial	financial	ADJ
ajfa-16655	300	15	indicators	indicator	NOUN
ajfa-16655	300	16	of	of	ADP
ajfa-16655	300	17	the	the	DET
ajfa-16655	300	18	company	company	NOUN
ajfa-16655	300	19	or	or	CCONJ
ajfa-16655	300	20	not	not	PART
ajfa-16655	300	21	.	.	PUNCT
ajfa-16655	301	1	for	for	ADP
ajfa-16655	301	2	this	this	DET
ajfa-16655	301	3	sem	sem	NOUN
ajfa-16655	301	4	analysis	analysis	NOUN
ajfa-16655	301	5	was	be	AUX
ajfa-16655	301	6	conducted	conduct	VERB
ajfa-16655	301	7	that	that	PRON
ajfa-16655	301	8	revealed	reveal	VERB
ajfa-16655	301	9	several	several	ADJ
ajfa-16655	301	10	important	important	ADJ
ajfa-16655	301	11	points	point	NOUN
ajfa-16655	301	12	.	.	PUNCT
ajfa-16655	302	1	firstly	firstly	ADV
ajfa-16655	302	2	in	in	ADP
ajfa-16655	302	3	overall	overall	ADJ
ajfa-16655	302	4	data	datum	NOUN
ajfa-16655	302	5	analysis	analysis	NOUN
ajfa-16655	302	6	,	,	PUNCT
ajfa-16655	302	7	intangible	intangible	ADJ
ajfa-16655	302	8	assets	asset	NOUN
ajfa-16655	302	9	have	have	VERB
ajfa-16655	302	10	a	a	DET
ajfa-16655	302	11	significant	significant	ADJ
ajfa-16655	302	12	negative	negative	ADJ
ajfa-16655	302	13	effect	effect	NOUN
ajfa-16655	302	14	on	on	ADP
ajfa-16655	302	15	roe	roe	PROPN
ajfa-16655	302	16	,	,	PUNCT
ajfa-16655	302	17	roa	roa	PROPN
ajfa-16655	302	18	,	,	PUNCT
ajfa-16655	302	19	roic	roic	PROPN
ajfa-16655	302	20	,	,	PUNCT
ajfa-16655	302	21	ato	ato	PROPN
ajfa-16655	302	22	,	,	PUNCT
ajfa-16655	302	23	debt	debt	NOUN
ajfa-16655	302	24	to	to	ADP
ajfa-16655	302	25	equity	equity	NOUN
ajfa-16655	302	26	ratio	ratio	NOUN
ajfa-16655	302	27	,	,	PUNCT
ajfa-16655	302	28	p	p	NOUN
ajfa-16655	302	29	/	/	SYM
ajfa-16655	302	30	book	book	NOUN
ajfa-16655	302	31	value	value	NOUN
ajfa-16655	302	32	,	,	PUNCT
ajfa-16655	302	33	p	p	X
ajfa-16655	302	34	/	/	SYM
ajfa-16655	302	35	sales	sale	NOUN
ajfa-16655	302	36	and	and	CCONJ
ajfa-16655	302	37	insignificant	insignificant	ADJ
ajfa-16655	302	38	positive	positive	ADJ
ajfa-16655	302	39	impact	impact	NOUN
ajfa-16655	302	40	on	on	ADP
ajfa-16655	302	41	profitability	profitability	NOUN
ajfa-16655	302	42	,	,	PUNCT
ajfa-16655	302	43	p	p	X
ajfa-16655	302	44	/	/	SYM
ajfa-16655	302	45	e	e	NOUN
ajfa-16655	302	46	and	and	CCONJ
ajfa-16655	302	47	significant	significant	ADJ
ajfa-16655	302	48	positive	positive	ADJ
ajfa-16655	302	49	impact	impact	NOUN
ajfa-16655	302	50	on	on	ADP
ajfa-16655	302	51	dividend	dividend	NOUN
ajfa-16655	302	52	policy	policy	NOUN
ajfa-16655	302	53	.	.	PUNCT
ajfa-16655	303	1	secondly	secondly	ADV
ajfa-16655	303	2	,	,	PUNCT
ajfa-16655	303	3	country	country	NOUN
ajfa-16655	303	4	group	group	NOUN
ajfa-16655	303	5	-	-	PUNCT
ajfa-16655	303	6	wise	wise	ADJ
ajfa-16655	303	7	data	datum	NOUN
ajfa-16655	303	8	revealed	reveal	VERB
ajfa-16655	303	9	that	that	SCONJ
ajfa-16655	303	10	in	in	ADP
ajfa-16655	303	11	finland	finland	PROPN
ajfa-16655	303	12	group	group	NOUN
ajfa-16655	303	13	intangible	intangible	ADJ
ajfa-16655	303	14	assets	asset	NOUN
ajfa-16655	303	15	have	have	VERB
ajfa-16655	303	16	significant	significant	ADJ
ajfa-16655	303	17	impact	impact	NOUN
ajfa-16655	303	18	on	on	ADP
ajfa-16655	303	19	roa	roa	PROPN
ajfa-16655	303	20	,	,	PUNCT
ajfa-16655	303	21	roe	roe	PROPN
ajfa-16655	303	22	and	and	CCONJ
ajfa-16655	303	23	p	p	X
ajfa-16655	303	24	/	/	NOUN
ajfa-16655	303	25	sales	sale	NOUN
ajfa-16655	303	26	,	,	PUNCT
ajfa-16655	303	27	in	in	ADP
ajfa-16655	303	28	japan	japan	PROPN
ajfa-16655	303	29	group	group	PROPN
ajfa-16655	303	30	intangible	intangible	ADJ
ajfa-16655	303	31	assets	asset	NOUN
ajfa-16655	303	32	have	have	VERB
ajfa-16655	303	33	significant	significant	ADJ
ajfa-16655	303	34	impact	impact	NOUN
ajfa-16655	303	35	on	on	ADP
ajfa-16655	303	36	roa	roa	PROPN
ajfa-16655	303	37	,	,	PUNCT
ajfa-16655	303	38	roe	roe	NOUN
ajfa-16655	303	39	,	,	PUNCT
ajfa-16655	303	40	profitability	profitability	NOUN
ajfa-16655	303	41	,	,	PUNCT
ajfa-16655	303	42	ato	ato	PROPN
ajfa-16655	303	43	,	,	PUNCT
ajfa-16655	303	44	dividend	dividend	NOUN
ajfa-16655	303	45	policy	policy	NOUN
ajfa-16655	303	46	and	and	CCONJ
ajfa-16655	303	47	p	p	NOUN
ajfa-16655	303	48	/	/	SYM
ajfa-16655	303	49	book	book	NOUN
ajfa-16655	303	50	value	value	NOUN
ajfa-16655	303	51	,	,	PUNCT
ajfa-16655	303	52	in	in	ADP
ajfa-16655	303	53	pakistan	pakistan	PROPN
ajfa-16655	303	54	group	group	NOUN
ajfa-16655	303	55	,	,	PUNCT
ajfa-16655	303	56	significant	significant	ADJ
ajfa-16655	303	57	impact	impact	NOUN
ajfa-16655	303	58	on	on	ADP
ajfa-16655	303	59	roe	roe	PROPN
ajfa-16655	303	60	,	,	PUNCT
ajfa-16655	303	61	roa	roa	PROPN
ajfa-16655	303	62	,	,	PUNCT
ajfa-16655	303	63	roic	roic	PROPN
ajfa-16655	303	64	,	,	PUNCT
ajfa-16655	303	65	ato	ato	PROPN
ajfa-16655	303	66	,	,	PUNCT
ajfa-16655	303	67	debt	debt	NOUN
ajfa-16655	303	68	to	to	ADP
ajfa-16655	303	69	equity	equity	NOUN
ajfa-16655	303	70	ratio	ratio	NOUN
ajfa-16655	303	71	and	and	CCONJ
ajfa-16655	303	72	p	p	NOUN
ajfa-16655	303	73	/	/	SYM
ajfa-16655	303	74	book	book	NOUN
ajfa-16655	303	75	value	value	NOUN
ajfa-16655	303	76	,	,	PUNCT
ajfa-16655	303	77	in	in	ADP
ajfa-16655	303	78	russia	russia	PROPN
ajfa-16655	303	79	group	group	NOUN
ajfa-16655	303	80	significant	significant	ADJ
ajfa-16655	303	81	impact	impact	NOUN
ajfa-16655	303	82	on	on	ADP
ajfa-16655	303	83	profitability	profitability	NOUN
ajfa-16655	303	84	,	,	PUNCT
ajfa-16655	303	85	debt	debt	NOUN
ajfa-16655	303	86	to	to	ADP
ajfa-16655	303	87	equity	equity	NOUN
ajfa-16655	303	88	,	,	PUNCT
ajfa-16655	303	89	p	p	X
ajfa-16655	303	90	/	/	SYM
ajfa-16655	303	91	e	e	NOUN
ajfa-16655	303	92	and	and	CCONJ
ajfa-16655	303	93	p	p	X
ajfa-16655	303	94	/	/	SYM
ajfa-16655	303	95	sales	sale	NOUN
ajfa-16655	303	96	ratio	ratio	NOUN
ajfa-16655	303	97	and	and	CCONJ
ajfa-16655	303	98	in	in	ADP
ajfa-16655	303	99	usa	usa	PROPN
ajfa-16655	303	100	group	group	PROPN
ajfa-16655	303	101	have	have	VERB
ajfa-16655	303	102	a	a	DET
ajfa-16655	303	103	significant	significant	ADJ
ajfa-16655	303	104	impact	impact	NOUN
ajfa-16655	303	105	on	on	ADP
ajfa-16655	303	106	roe	roe	PROPN
ajfa-16655	303	107	,	,	PUNCT
ajfa-16655	303	108	roa	roa	PROPN
ajfa-16655	303	109	,	,	PUNCT
ajfa-16655	303	110	roic	roic	ADJ
ajfa-16655	303	111	,	,	PUNCT
ajfa-16655	303	112	profitability	profitability	NOUN
ajfa-16655	303	113	,	,	PUNCT
ajfa-16655	303	114	debt	debt	NOUN
ajfa-16655	303	115	to	to	ADP
ajfa-16655	303	116	equity	equity	NOUN
ajfa-16655	303	117	,	,	PUNCT
ajfa-16655	303	118	dividend	dividend	NOUN
ajfa-16655	303	119	policy	policy	NOUN
ajfa-16655	303	120	,	,	PUNCT
ajfa-16655	303	121	p	p	NOUN
ajfa-16655	303	122	/	/	SYM
ajfa-16655	303	123	book	book	NOUN
ajfa-16655	303	124	value	value	NOUN
ajfa-16655	303	125	,	,	PUNCT
ajfa-16655	303	126	and	and	CCONJ
ajfa-16655	303	127	p	p	X
ajfa-16655	303	128	/	/	SYM
ajfa-16655	303	129	sales	sale	NOUN
ajfa-16655	303	130	ratio	ratio	NOUN
ajfa-16655	303	131	.	.	PUNCT
ajfa-16655	304	1	third	third	ADJ
ajfa-16655	304	2	,	,	PUNCT
ajfa-16655	304	3	to	to	PART
ajfa-16655	304	4	assess	assess	VERB
ajfa-16655	304	5	whether	whether	SCONJ
ajfa-16655	304	6	there	there	PRON
ajfa-16655	304	7	are	be	VERB
ajfa-16655	304	8	significant	significant	ADJ
ajfa-16655	304	9	difference	difference	NOUN
ajfa-16655	304	10	in	in	ADP
ajfa-16655	304	11	company	company	NOUN
ajfa-16655	304	12	’s	’s	PART
ajfa-16655	304	13	financial	financial	ADJ
ajfa-16655	304	14	performance	performance	NOUN
ajfa-16655	304	15	,	,	PUNCT
ajfa-16655	304	16	financial	financial	ADJ
ajfa-16655	304	17	policy	policy	NOUN
ajfa-16655	304	18	,	,	PUNCT
ajfa-16655	304	19	and	and	CCONJ
ajfa-16655	304	20	firm	firm	ADJ
ajfa-16655	304	21	value	value	NOUN
ajfa-16655	304	22	between	between	ADP
ajfa-16655	304	23	manufacturing	manufacture	VERB
ajfa-16655	304	24	asian	asian	ADJ
ajfa-16655	304	25	journal	journal	NOUN
ajfa-16655	304	26	of	of	ADP
ajfa-16655	304	27	finance	finance	PROPN
ajfa-16655	304	28	&	&	CCONJ
ajfa-16655	304	29	accounting	accounting	PROPN
ajfa-16655	304	30	issn	issn	PROPN
ajfa-16655	304	31	1946	1946	NUM
ajfa-16655	304	32	-	-	PUNCT
ajfa-16655	304	33	052x	052x	NOUN
ajfa-16655	304	34	2020	2020	NUM
ajfa-16655	304	35	,	,	PUNCT
ajfa-16655	304	36	vol	vol	NOUN
ajfa-16655	304	37	.	.	PROPN
ajfa-16655	304	38	12	12	NUM
ajfa-16655	304	39	,	,	PUNCT
ajfa-16655	304	40	no	no	INTJ
ajfa-16655	304	41	.	.	NOUN
ajfa-16655	304	42	1	1	NUM
ajfa-16655	304	43	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	304	44	53	53	NUM
ajfa-16655	304	45	and	and	CCONJ
ajfa-16655	304	46	services	service	NOUN
ajfa-16655	304	47	sector	sector	NOUN
ajfa-16655	304	48	,	,	PUNCT
ajfa-16655	304	49	multi	multi	ADJ
ajfa-16655	304	50	-	-	ADJ
ajfa-16655	304	51	group	group	ADJ
ajfa-16655	304	52	analysis	analysis	NOUN
ajfa-16655	304	53	(	(	PUNCT
ajfa-16655	304	54	mga	mga	PROPN
ajfa-16655	304	55	)	)	PUNCT
ajfa-16655	304	56	was	be	AUX
ajfa-16655	304	57	performed	perform	VERB
ajfa-16655	304	58	.	.	PUNCT
ajfa-16655	305	1	the	the	DET
ajfa-16655	305	2	results	result	NOUN
ajfa-16655	305	3	from	from	ADP
ajfa-16655	305	4	mga	mga	PROPN
ajfa-16655	305	5	also	also	ADV
ajfa-16655	305	6	revealed	reveal	VERB
ajfa-16655	305	7	that	that	SCONJ
ajfa-16655	305	8	there	there	PRON
ajfa-16655	305	9	are	be	VERB
ajfa-16655	305	10	difference	difference	NOUN
ajfa-16655	305	11	in	in	ADP
ajfa-16655	305	12	the	the	DET
ajfa-16655	305	13	significance	significance	NOUN
ajfa-16655	305	14	of	of	ADP
ajfa-16655	305	15	impact	impact	NOUN
ajfa-16655	305	16	of	of	ADP
ajfa-16655	305	17	assets	asset	NOUN
ajfa-16655	305	18	on	on	ADP
ajfa-16655	305	19	roa	roa	PROPN
ajfa-16655	305	20	,	,	PUNCT
ajfa-16655	305	21	roe	roe	NOUN
ajfa-16655	305	22	,	,	PUNCT
ajfa-16655	305	23	and	and	CCONJ
ajfa-16655	305	24	roic	roic	ADJ
ajfa-16655	305	25	(	(	PUNCT
ajfa-16655	305	26	p	p	X
ajfa-16655	305	27	<	<	X
ajfa-16655	305	28	.05	.05	NUM
ajfa-16655	305	29	)	)	PUNCT
ajfa-16655	305	30	,	,	PUNCT
ajfa-16655	305	31	however	however	ADV
ajfa-16655	305	32	all	all	DET
ajfa-16655	305	33	other	other	ADJ
ajfa-16655	305	34	differences	difference	NOUN
ajfa-16655	305	35	in	in	ADP
ajfa-16655	305	36	significance	significance	NOUN
ajfa-16655	305	37	between	between	ADP
ajfa-16655	305	38	the	the	DET
ajfa-16655	305	39	two	two	NUM
ajfa-16655	305	40	groups	group	NOUN
ajfa-16655	305	41	are	be	AUX
ajfa-16655	305	42	insignificant	insignificant	ADJ
ajfa-16655	305	43	.	.	PUNCT
ajfa-16655	306	1	multi	multi	PROPN
ajfa-16655	306	2	group	group	NOUN
ajfa-16655	306	3	analysis	analysis	NOUN
ajfa-16655	306	4	revealed	reveal	VERB
ajfa-16655	306	5	that	that	SCONJ
ajfa-16655	306	6	the	the	DET
ajfa-16655	306	7	significance	significance	NOUN
ajfa-16655	306	8	of	of	ADP
ajfa-16655	306	9	impact	impact	NOUN
ajfa-16655	306	10	of	of	ADP
ajfa-16655	306	11	assets	asset	NOUN
ajfa-16655	306	12	on	on	ADP
ajfa-16655	306	13	roa	roa	PROPN
ajfa-16655	306	14	,	,	PUNCT
ajfa-16655	306	15	roe	roe	NOUN
ajfa-16655	306	16	,	,	PUNCT
ajfa-16655	306	17	and	and	CCONJ
ajfa-16655	306	18	roic	roic	ADJ
ajfa-16655	306	19	(	(	PUNCT
ajfa-16655	306	20	p	p	X
ajfa-16655	306	21	<	<	X
ajfa-16655	306	22	.05	.05	NUM
ajfa-16655	306	23	)	)	PUNCT
ajfa-16655	306	24	,	,	PUNCT
ajfa-16655	306	25	however	however	ADV
ajfa-16655	306	26	all	all	DET
ajfa-16655	306	27	other	other	ADJ
ajfa-16655	306	28	differences	difference	NOUN
ajfa-16655	306	29	in	in	ADP
ajfa-16655	306	30	significance	significance	NOUN
ajfa-16655	306	31	between	between	ADP
ajfa-16655	306	32	the	the	DET
ajfa-16655	306	33	two	two	NUM
ajfa-16655	306	34	groups	group	NOUN
ajfa-16655	306	35	are	be	AUX
ajfa-16655	306	36	insignificant	insignificant	ADJ
ajfa-16655	306	37	.	.	PUNCT
ajfa-16655	307	1	these	these	DET
ajfa-16655	307	2	results	result	NOUN
ajfa-16655	307	3	support	support	VERB
ajfa-16655	307	4	previous	previous	ADJ
ajfa-16655	307	5	research	research	NOUN
ajfa-16655	307	6	that	that	PRON
ajfa-16655	307	7	found	find	VERB
ajfa-16655	307	8	that	that	SCONJ
ajfa-16655	307	9	the	the	PRON
ajfa-16655	307	10	higher	high	ADJ
ajfa-16655	307	11	the	the	DET
ajfa-16655	307	12	intangible	intangible	ADJ
ajfa-16655	307	13	assets	asset	NOUN
ajfa-16655	307	14	,	,	PUNCT
ajfa-16655	307	15	the	the	PRON
ajfa-16655	307	16	higher	high	ADJ
ajfa-16655	307	17	the	the	DET
ajfa-16655	307	18	ability	ability	NOUN
ajfa-16655	307	19	of	of	ADP
ajfa-16655	307	20	companies	company	NOUN
ajfa-16655	307	21	to	to	PART
ajfa-16655	307	22	return	return	VERB
ajfa-16655	307	23	earnings	earning	NOUN
ajfa-16655	307	24	assets	asset	NOUN
ajfa-16655	307	25	.	.	PUNCT
ajfa-16655	308	1	the	the	PRON
ajfa-16655	308	2	higher	high	ADJ
ajfa-16655	308	3	the	the	DET
ajfa-16655	308	4	intangible	intangible	ADJ
ajfa-16655	308	5	assets	asset	NOUN
ajfa-16655	308	6	owned	own	VERB
ajfa-16655	308	7	by	by	ADP
ajfa-16655	308	8	the	the	DET
ajfa-16655	308	9	company	company	NOUN
ajfa-16655	308	10	,	,	PUNCT
ajfa-16655	308	11	the	the	DET
ajfa-16655	308	12	higher	high	ADJ
ajfa-16655	308	13	company	company	NOUN
ajfa-16655	308	14	's	's	PART
ajfa-16655	308	15	ability	ability	NOUN
ajfa-16655	308	16	to	to	PART
ajfa-16655	308	17	generate	generate	VERB
ajfa-16655	308	18	profits	profit	NOUN
ajfa-16655	308	19	,	,	PUNCT
ajfa-16655	308	20	and	and	CCONJ
ajfa-16655	308	21	investors	investor	NOUN
ajfa-16655	308	22	will	will	AUX
ajfa-16655	308	23	appreciate	appreciate	VERB
ajfa-16655	308	24	the	the	DET
ajfa-16655	308	25	company	company	NOUN
ajfa-16655	308	26	(	(	PUNCT
ajfa-16655	308	27	seen	see	VERB
ajfa-16655	308	28	from	from	ADP
ajfa-16655	308	29	the	the	DET
ajfa-16655	308	30	large	large	ADJ
ajfa-16655	308	31	market	market	NOUN
ajfa-16655	308	32	capitalization	capitalization	NOUN
ajfa-16655	308	33	in	in	ADP
ajfa-16655	308	34	companies	company	NOUN
ajfa-16655	308	35	)	)	PUNCT
ajfa-16655	308	36	that	that	PRON
ajfa-16655	308	37	will	will	AUX
ajfa-16655	308	38	increase	increase	VERB
ajfa-16655	308	39	the	the	DET
ajfa-16655	308	40	value	value	NOUN
ajfa-16655	308	41	of	of	ADP
ajfa-16655	308	42	the	the	DET
ajfa-16655	308	43	company	company	NOUN
ajfa-16655	308	44	.	.	PUNCT
ajfa-16655	309	1	7.1	7.1	NUM
ajfa-16655	309	2	implication	implication	NOUN
ajfa-16655	309	3	in	in	ADP
ajfa-16655	309	4	the	the	DET
ajfa-16655	309	5	last	last	ADJ
ajfa-16655	309	6	few	few	ADJ
ajfa-16655	309	7	years	year	NOUN
ajfa-16655	309	8	,	,	PUNCT
ajfa-16655	309	9	the	the	DET
ajfa-16655	309	10	critical	critical	ADJ
ajfa-16655	309	11	importance	importance	NOUN
ajfa-16655	309	12	of	of	ADP
ajfa-16655	309	13	intangible	intangible	ADJ
ajfa-16655	309	14	assets	asset	NOUN
ajfa-16655	309	15	for	for	ADP
ajfa-16655	309	16	enterprises	enterprise	NOUN
ajfa-16655	309	17	has	have	AUX
ajfa-16655	309	18	intensified	intensify	VERB
ajfa-16655	309	19	.	.	PUNCT
ajfa-16655	310	1	as	as	SCONJ
ajfa-16655	310	2	today	today	NOUN
ajfa-16655	310	3	’s	’s	PART
ajfa-16655	310	4	corporate	corporate	ADJ
ajfa-16655	310	5	asset	asset	NOUN
ajfa-16655	310	6	values	value	NOUN
ajfa-16655	310	7	shift	shift	VERB
ajfa-16655	310	8	radically	radically	ADV
ajfa-16655	310	9	from	from	ADP
ajfa-16655	310	10	tangible	tangible	ADJ
ajfa-16655	310	11	assets	asset	NOUN
ajfa-16655	310	12	(	(	PUNCT
ajfa-16655	310	13	buildings	building	NOUN
ajfa-16655	310	14	,	,	PUNCT
ajfa-16655	310	15	inventory	inventory	NOUN
ajfa-16655	310	16	,	,	PUNCT
ajfa-16655	310	17	products	product	NOUN
ajfa-16655	310	18	)	)	PUNCT
ajfa-16655	310	19	to	to	ADP
ajfa-16655	310	20	intangible	intangible	ADJ
ajfa-16655	310	21	assets	asset	NOUN
ajfa-16655	310	22	(	(	PUNCT
ajfa-16655	310	23	ideas	idea	NOUN
ajfa-16655	310	24	,	,	PUNCT
ajfa-16655	310	25	patents	patent	NOUN
ajfa-16655	310	26	,	,	PUNCT
ajfa-16655	310	27	intellectual	intellectual	ADJ
ajfa-16655	310	28	property	property	NOUN
ajfa-16655	310	29	or	or	CCONJ
ajfa-16655	310	30	ip	ip	NOUN
ajfa-16655	310	31	)	)	PUNCT
ajfa-16655	310	32	,	,	PUNCT
ajfa-16655	310	33	smart	smart	ADJ
ajfa-16655	310	34	companies	company	NOUN
ajfa-16655	310	35	are	be	AUX
ajfa-16655	310	36	using	use	VERB
ajfa-16655	310	37	their	their	PRON
ajfa-16655	310	38	intangible	intangible	ADJ
ajfa-16655	310	39	assets	asset	NOUN
ajfa-16655	310	40	to	to	PART
ajfa-16655	310	41	boost	boost	VERB
ajfa-16655	310	42	their	their	PRON
ajfa-16655	310	43	stock	stock	NOUN
ajfa-16655	310	44	price	price	NOUN
ajfa-16655	310	45	and	and	CCONJ
ajfa-16655	310	46	create	create	VERB
ajfa-16655	310	47	shareholder	shareholder	NOUN
ajfa-16655	310	48	value	value	NOUN
ajfa-16655	310	49	(	(	PUNCT
ajfa-16655	310	50	kahn	kahn	PROPN
ajfa-16655	310	51	,	,	PUNCT
ajfa-16655	310	52	2002	2002	NUM
ajfa-16655	310	53	)	)	PUNCT
ajfa-16655	310	54	.	.	PUNCT
ajfa-16655	311	1	studies	study	NOUN
ajfa-16655	311	2	undertaken	undertake	VERB
ajfa-16655	311	3	are	be	AUX
ajfa-16655	311	4	mostly	mostly	ADV
ajfa-16655	311	5	limited	limit	VERB
ajfa-16655	311	6	to	to	ADP
ajfa-16655	311	7	a	a	DET
ajfa-16655	311	8	country	country	NOUN
ajfa-16655	311	9	or	or	CCONJ
ajfa-16655	311	10	region	region	NOUN
ajfa-16655	311	11	-	-	PUNCT
ajfa-16655	311	12	specific	specific	ADJ
ajfa-16655	311	13	studies	study	NOUN
ajfa-16655	311	14	.	.	PUNCT
ajfa-16655	312	1	in	in	ADP
ajfa-16655	312	2	our	our	PRON
ajfa-16655	312	3	opinion	opinion	NOUN
ajfa-16655	312	4	,	,	PUNCT
ajfa-16655	312	5	intangible	intangible	ADJ
ajfa-16655	312	6	assets	asset	NOUN
ajfa-16655	312	7	are	be	AUX
ajfa-16655	312	8	not	not	PART
ajfa-16655	312	9	related	relate	VERB
ajfa-16655	312	10	to	to	ADP
ajfa-16655	312	11	region	region	NOUN
ajfa-16655	312	12	but	but	CCONJ
ajfa-16655	312	13	to	to	ADP
ajfa-16655	312	14	sectors	sector	NOUN
ajfa-16655	312	15	,	,	PUNCT
ajfa-16655	312	16	different	different	ADJ
ajfa-16655	312	17	sectors	sector	NOUN
ajfa-16655	312	18	have	have	VERB
ajfa-16655	312	19	their	their	PRON
ajfa-16655	312	20	own	own	ADJ
ajfa-16655	312	21	peculiar	peculiar	ADJ
ajfa-16655	312	22	requirement	requirement	NOUN
ajfa-16655	312	23	.	.	PUNCT
ajfa-16655	313	1	this	this	DET
ajfa-16655	313	2	research	research	NOUN
ajfa-16655	313	3	will	will	AUX
ajfa-16655	313	4	determine	determine	VERB
ajfa-16655	313	5	if	if	SCONJ
ajfa-16655	313	6	investment	investment	NOUN
ajfa-16655	313	7	in	in	ADP
ajfa-16655	313	8	intangibles	intangible	NOUN
ajfa-16655	313	9	is	be	AUX
ajfa-16655	313	10	the	the	DET
ajfa-16655	313	11	way	way	NOUN
ajfa-16655	313	12	out	out	ADP
ajfa-16655	313	13	towards	towards	ADP
ajfa-16655	313	14	improvement	improvement	NOUN
ajfa-16655	313	15	in	in	ADP
ajfa-16655	313	16	profitability	profitability	NOUN
ajfa-16655	313	17	,	,	PUNCT
ajfa-16655	313	18	efficiency	efficiency	NOUN
ajfa-16655	313	19	,	,	PUNCT
ajfa-16655	313	20	capital	capital	NOUN
ajfa-16655	313	21	structure	structure	NOUN
ajfa-16655	313	22	,	,	PUNCT
ajfa-16655	313	23	and	and	CCONJ
ajfa-16655	313	24	dividend	dividend	NOUN
ajfa-16655	313	25	policy	policy	NOUN
ajfa-16655	313	26	,	,	PUNCT
ajfa-16655	313	27	and	and	CCONJ
ajfa-16655	313	28	market	market	NOUN
ajfa-16655	313	29	value	value	NOUN
ajfa-16655	313	30	of	of	ADP
ajfa-16655	313	31	technology	technology	NOUN
ajfa-16655	313	32	firms	firm	NOUN
ajfa-16655	313	33	as	as	ADP
ajfa-16655	313	34	compared	compare	VERB
ajfa-16655	313	35	to	to	ADP
ajfa-16655	313	36	other	other	ADJ
ajfa-16655	313	37	variables	variable	NOUN
ajfa-16655	313	38	.	.	PUNCT
ajfa-16655	314	1	our	our	PRON
ajfa-16655	314	2	research	research	NOUN
ajfa-16655	314	3	complements	complement	NOUN
ajfa-16655	314	4	and	and	CCONJ
ajfa-16655	314	5	extends	extend	VERB
ajfa-16655	314	6	other	other	ADJ
ajfa-16655	314	7	empirical	empirical	ADJ
ajfa-16655	314	8	work	work	NOUN
ajfa-16655	314	9	that	that	PRON
ajfa-16655	314	10	uses	use	VERB
ajfa-16655	314	11	financial	financial	ADJ
ajfa-16655	314	12	markets	market	NOUN
ajfa-16655	314	13	to	to	PART
ajfa-16655	314	14	value	value	VERB
ajfa-16655	314	15	it	it	PRON
ajfa-16655	314	16	and	and	CCONJ
ajfa-16655	314	17	other	other	ADJ
ajfa-16655	314	18	intangible	intangible	ADJ
ajfa-16655	314	19	assets	asset	NOUN
ajfa-16655	314	20	.	.	PUNCT
ajfa-16655	315	1	the	the	DET
ajfa-16655	315	2	results	result	NOUN
ajfa-16655	315	3	direct	direct	ADJ
ajfa-16655	315	4	managers	manager	NOUN
ajfa-16655	315	5	to	to	PART
ajfa-16655	315	6	understand	understand	VERB
ajfa-16655	315	7	and	and	CCONJ
ajfa-16655	315	8	realize	realize	VERB
ajfa-16655	315	9	the	the	DET
ajfa-16655	315	10	importance	importance	NOUN
ajfa-16655	315	11	of	of	ADP
ajfa-16655	315	12	intangible	intangible	ADJ
ajfa-16655	315	13	assets	asset	NOUN
ajfa-16655	315	14	and	and	CCONJ
ajfa-16655	315	15	keenly	keenly	ADV
ajfa-16655	315	16	invest	invest	VERB
ajfa-16655	315	17	in	in	ADP
ajfa-16655	315	18	r&d	r&d	NOUN
ajfa-16655	315	19	,	,	PUNCT
ajfa-16655	315	20	technology	technology	NOUN
ajfa-16655	315	21	,	,	PUNCT
ajfa-16655	315	22	software	software	NOUN
ajfa-16655	315	23	,	,	PUNCT
ajfa-16655	315	24	advertising	advertising	NOUN
ajfa-16655	315	25	,	,	PUNCT
ajfa-16655	315	26	crm	crm	NOUN
ajfa-16655	315	27	and	and	CCONJ
ajfa-16655	315	28	human	human	ADJ
ajfa-16655	315	29	resources	resource	NOUN
ajfa-16655	315	30	to	to	PART
ajfa-16655	315	31	further	far	ADV
ajfa-16655	315	32	augment	augment	VERB
ajfa-16655	315	33	their	their	PRON
ajfa-16655	315	34	performance	performance	NOUN
ajfa-16655	315	35	.	.	PUNCT
ajfa-16655	316	1	7.2	7.2	NUM
ajfa-16655	316	2	limitations	limitation	NOUN
ajfa-16655	316	3	the	the	DET
ajfa-16655	316	4	research	research	NOUN
ajfa-16655	316	5	shows	show	VERB
ajfa-16655	316	6	some	some	DET
ajfa-16655	316	7	limitations	limitation	NOUN
ajfa-16655	316	8	which	which	PRON
ajfa-16655	316	9	,	,	PUNCT
ajfa-16655	316	10	nonetheless	nonetheless	ADV
ajfa-16655	316	11	,	,	PUNCT
ajfa-16655	316	12	did	do	AUX
ajfa-16655	316	13	not	not	PART
ajfa-16655	316	14	affect	affect	VERB
ajfa-16655	316	15	the	the	DET
ajfa-16655	316	16	results	result	NOUN
ajfa-16655	316	17	of	of	ADP
ajfa-16655	316	18	the	the	DET
ajfa-16655	316	19	study	study	NOUN
ajfa-16655	316	20	.	.	PUNCT
ajfa-16655	317	1	one	one	NUM
ajfa-16655	317	2	limitation	limitation	NOUN
ajfa-16655	317	3	is	be	AUX
ajfa-16655	317	4	concerned	concern	VERB
ajfa-16655	317	5	with	with	ADP
ajfa-16655	317	6	the	the	DET
ajfa-16655	317	7	lack	lack	NOUN
ajfa-16655	317	8	of	of	ADP
ajfa-16655	317	9	information	information	NOUN
ajfa-16655	317	10	about	about	ADP
ajfa-16655	317	11	research	research	NOUN
ajfa-16655	317	12	and	and	CCONJ
ajfa-16655	317	13	development	development	NOUN
ajfa-16655	317	14	in	in	ADP
ajfa-16655	317	15	regular	regular	ADJ
ajfa-16655	317	16	financial	financial	ADJ
ajfa-16655	317	17	statements	statement	NOUN
ajfa-16655	317	18	or	or	CCONJ
ajfa-16655	317	19	in	in	ADP
ajfa-16655	317	20	annual	annual	ADJ
ajfa-16655	317	21	reports	report	NOUN
ajfa-16655	317	22	or	or	CCONJ
ajfa-16655	317	23	disclosures	disclosure	NOUN
ajfa-16655	317	24	;	;	PUNCT
ajfa-16655	317	25	further	further	ADJ
ajfa-16655	317	26	lack	lack	NOUN
ajfa-16655	317	27	was	be	AUX
ajfa-16655	317	28	also	also	ADV
ajfa-16655	317	29	in	in	ADP
ajfa-16655	317	30	accounting	accounting	NOUN
ajfa-16655	317	31	information	information	NOUN
ajfa-16655	317	32	related	relate	VERB
ajfa-16655	317	33	to	to	ADP
ajfa-16655	317	34	intangible	intangible	ADJ
ajfa-16655	317	35	assets	asset	NOUN
ajfa-16655	317	36	.	.	PUNCT
ajfa-16655	318	1	the	the	DET
ajfa-16655	318	2	second	second	ADJ
ajfa-16655	318	3	limitation	limitation	NOUN
ajfa-16655	318	4	was	be	AUX
ajfa-16655	318	5	linked	link	VERB
ajfa-16655	318	6	to	to	ADP
ajfa-16655	318	7	the	the	DET
ajfa-16655	318	8	sample	sample	NOUN
ajfa-16655	318	9	of	of	ADP
ajfa-16655	318	10	the	the	DET
ajfa-16655	318	11	study	study	NOUN
ajfa-16655	318	12	;	;	PUNCT
ajfa-16655	318	13	the	the	DET
ajfa-16655	318	14	number	number	NOUN
ajfa-16655	318	15	of	of	ADP
ajfa-16655	318	16	observations	observation	NOUN
ajfa-16655	318	17	was	be	AUX
ajfa-16655	318	18	decreased	decrease	VERB
ajfa-16655	318	19	because	because	SCONJ
ajfa-16655	318	20	we	we	PRON
ajfa-16655	318	21	excluded	exclude	VERB
ajfa-16655	318	22	many	many	ADJ
ajfa-16655	318	23	companies	company	NOUN
ajfa-16655	318	24	that	that	PRON
ajfa-16655	318	25	did	do	AUX
ajfa-16655	318	26	not	not	PART
ajfa-16655	318	27	provide	provide	VERB
ajfa-16655	318	28	continuous	continuous	ADJ
ajfa-16655	318	29	information	information	NOUN
ajfa-16655	318	30	over	over	ADP
ajfa-16655	318	31	the	the	DET
ajfa-16655	318	32	selected	select	VERB
ajfa-16655	318	33	period	period	NOUN
ajfa-16655	318	34	of	of	ADP
ajfa-16655	318	35	the	the	DET
ajfa-16655	318	36	study	study	NOUN
ajfa-16655	318	37	.	.	PUNCT
ajfa-16655	319	1	7.3	7.3	NUM
ajfa-16655	319	2	future	future	ADJ
ajfa-16655	319	3	research	research	NOUN
ajfa-16655	319	4	1	1	NUM
ajfa-16655	319	5	.	.	PUNCT
ajfa-16655	320	1	the	the	DET
ajfa-16655	320	2	study	study	NOUN
ajfa-16655	320	3	uses	use	VERB
ajfa-16655	320	4	the	the	DET
ajfa-16655	320	5	metric	metric	NOUN
ajfa-16655	320	6	of	of	ADP
ajfa-16655	320	7	market	market	NOUN
ajfa-16655	320	8	capitalization	capitalization	NOUN
ajfa-16655	320	9	,	,	PUNCT
ajfa-16655	320	10	which	which	PRON
ajfa-16655	320	11	is	be	AUX
ajfa-16655	320	12	the	the	DET
ajfa-16655	320	13	most	most	ADV
ajfa-16655	320	14	suitable	suitable	ADJ
ajfa-16655	320	15	measure	measure	NOUN
ajfa-16655	320	16	because	because	SCONJ
ajfa-16655	320	17	under	under	ADP
ajfa-16655	320	18	the	the	DET
ajfa-16655	320	19	analysis	analysis	NOUN
ajfa-16655	320	20	it	it	PRON
ajfa-16655	320	21	can	can	AUX
ajfa-16655	320	22	represent	represent	VERB
ajfa-16655	320	23	variable	variable	ADJ
ajfa-16655	320	24	intangible	intangible	ADJ
ajfa-16655	320	25	assets	asset	NOUN
ajfa-16655	320	26	as	as	ADP
ajfa-16655	320	27	a	a	DET
ajfa-16655	320	28	hidden	hide	VERB
ajfa-16655	320	29	value	value	NOUN
ajfa-16655	320	30	as	as	ADP
ajfa-16655	320	31	a	a	DET
ajfa-16655	320	32	goal	goal	NOUN
ajfa-16655	320	33	.	.	PUNCT
ajfa-16655	321	1	in	in	ADP
ajfa-16655	321	2	future	future	ADJ
ajfa-16655	321	3	studies	study	NOUN
ajfa-16655	321	4	,	,	PUNCT
ajfa-16655	321	5	other	other	ADJ
ajfa-16655	321	6	metrics	metric	NOUN
ajfa-16655	321	7	of	of	ADP
ajfa-16655	321	8	intangible	intangible	ADJ
ajfa-16655	321	9	assets	asset	NOUN
ajfa-16655	321	10	may	may	AUX
ajfa-16655	321	11	be	be	AUX
ajfa-16655	321	12	used	use	VERB
ajfa-16655	321	13	to	to	PART
ajfa-16655	321	14	compare	compare	VERB
ajfa-16655	321	15	the	the	DET
ajfa-16655	321	16	results	result	NOUN
ajfa-16655	321	17	.	.	PUNCT
ajfa-16655	322	1	2	2	X
ajfa-16655	322	2	.	.	X
ajfa-16655	322	3	we	we	PRON
ajfa-16655	322	4	recommend	recommend	VERB
ajfa-16655	322	5	that	that	SCONJ
ajfa-16655	322	6	public	public	ADJ
ajfa-16655	322	7	companies	company	NOUN
ajfa-16655	322	8	use	use	VERB
ajfa-16655	322	9	fair	fair	ADJ
ajfa-16655	322	10	value	value	NOUN
ajfa-16655	322	11	approaches	approach	NOUN
ajfa-16655	322	12	to	to	PART
ajfa-16655	322	13	evaluate	evaluate	VERB
ajfa-16655	322	14	the	the	DET
ajfa-16655	322	15	value	value	NOUN
ajfa-16655	322	16	of	of	ADP
ajfa-16655	322	17	assets	asset	NOUN
ajfa-16655	322	18	to	to	PART
ajfa-16655	322	19	improve	improve	VERB
ajfa-16655	322	20	the	the	DET
ajfa-16655	322	21	quality	quality	NOUN
ajfa-16655	322	22	of	of	ADP
ajfa-16655	322	23	earnings	earning	NOUN
ajfa-16655	322	24	and	and	CCONJ
ajfa-16655	322	25	the	the	DET
ajfa-16655	322	26	relevance	relevance	NOUN
ajfa-16655	322	27	of	of	ADP
ajfa-16655	322	28	financial	financial	ADJ
ajfa-16655	322	29	statements	statement	NOUN
ajfa-16655	322	30	.	.	PUNCT
ajfa-16655	323	1	3	3	X
ajfa-16655	323	2	.	.	X
ajfa-16655	323	3	in	in	ADP
ajfa-16655	323	4	the	the	DET
ajfa-16655	323	5	filing	filing	NOUN
ajfa-16655	323	6	of	of	ADP
ajfa-16655	323	7	financial	financial	ADJ
ajfa-16655	323	8	statements	statement	NOUN
ajfa-16655	323	9	,	,	PUNCT
ajfa-16655	323	10	some	some	DET
ajfa-16655	323	11	forms	form	NOUN
ajfa-16655	323	12	of	of	ADP
ajfa-16655	323	13	intellectual	intellectual	ADJ
ajfa-16655	323	14	capital	capital	NOUN
ajfa-16655	323	15	which	which	PRON
ajfa-16655	323	16	can	can	AUX
ajfa-16655	323	17	not	not	PART
ajfa-16655	323	18	be	be	AUX
ajfa-16655	323	19	asian	asian	ADJ
ajfa-16655	323	20	journal	journal	NOUN
ajfa-16655	323	21	of	of	ADP
ajfa-16655	323	22	finance	finance	PROPN
ajfa-16655	323	23	&	&	CCONJ
ajfa-16655	323	24	accounting	accounting	PROPN
ajfa-16655	323	25	issn	issn	PROPN
ajfa-16655	323	26	1946	1946	NUM
ajfa-16655	323	27	-	-	PUNCT
ajfa-16655	323	28	052x	052x	NOUN
ajfa-16655	323	29	2020	2020	NUM
ajfa-16655	323	30	,	,	PUNCT
ajfa-16655	323	31	vol	vol	NOUN
ajfa-16655	323	32	.	.	PROPN
ajfa-16655	323	33	12	12	NUM
ajfa-16655	323	34	,	,	PUNCT
ajfa-16655	323	35	no	no	INTJ
ajfa-16655	323	36	.	.	NOUN
ajfa-16655	323	37	1	1	NUM
ajfa-16655	323	38	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-16655	323	39	54	54	NUM
ajfa-16655	323	40	categorized	categorize	VERB
ajfa-16655	323	41	as	as	SCONJ
ajfa-16655	323	42	intangible	intangible	ADJ
ajfa-16655	323	43	assets	asset	NOUN
ajfa-16655	323	44	should	should	AUX
ajfa-16655	323	45	be	be	AUX
ajfa-16655	323	46	disclosed	disclose	VERB
ajfa-16655	323	47	.	.	PUNCT
ajfa-16655	324	1	it	it	PRON
ajfa-16655	324	2	is	be	AUX
ajfa-16655	324	3	necessary	necessary	ADJ
ajfa-16655	324	4	to	to	PART
ajfa-16655	324	5	standardize	standardize	VERB
ajfa-16655	324	6	the	the	DET
ajfa-16655	324	7	disclosure	disclosure	NOUN
ajfa-16655	324	8	of	of	ADP
ajfa-16655	324	9	intellectual	intellectual	ADJ
ajfa-16655	324	10	capital	capital	NOUN
ajfa-16655	324	11	as	as	ADP
ajfa-16655	324	12	part	part	NOUN
ajfa-16655	324	13	of	of	ADP
ajfa-16655	324	14	intangible	intangible	ADJ
ajfa-16655	324	15	assets	asset	NOUN
ajfa-16655	324	16	that	that	PRON
ajfa-16655	324	17	are	be	AUX
ajfa-16655	324	18	not	not	PART
ajfa-16655	324	19	presented	present	VERB
ajfa-16655	324	20	in	in	ADP
ajfa-16655	324	21	the	the	DET
ajfa-16655	324	22	balance	balance	NOUN
ajfa-16655	324	23	sheet	sheet	NOUN
ajfa-16655	324	24	,	,	PUNCT
ajfa-16655	324	25	to	to	PART
ajfa-16655	324	26	make	make	VERB
ajfa-16655	324	27	companies	company	NOUN
ajfa-16655	324	28	more	more	ADV
ajfa-16655	324	29	comparable	comparable	ADJ
ajfa-16655	324	30	,	,	PUNCT
ajfa-16655	324	31	so	so	SCONJ
ajfa-16655	324	32	that	that	SCONJ
ajfa-16655	324	33	analysts	analyst	NOUN
ajfa-16655	324	34	and	and	CCONJ
ajfa-16655	324	35	investors	investor	NOUN
ajfa-16655	324	36	can	can	AUX
ajfa-16655	324	37	take	take	VERB
ajfa-16655	324	38	benefit	benefit	NOUN
ajfa-16655	324	39	from	from	ADP
ajfa-16655	324	40	it	it	PRON
ajfa-16655	324	41	.	.	PUNCT
ajfa-16655	325	1	references	reference	NOUN
ajfa-16655	325	2	abubakar	abubakar	PROPN
ajfa-16655	325	3	,	,	PUNCT
ajfa-16655	325	4	modibbo	modibbo	PROPN
ajfa-16655	325	5	.	.	PUNCT
ajfa-16655	326	1	(	(	PUNCT
ajfa-16655	326	2	2015	2015	NUM
ajfa-16655	326	3	)	)	PUNCT
ajfa-16655	326	4	.	.	PUNCT
ajfa-16655	327	1	intangible	intangible	ADJ
ajfa-16655	327	2	assets	asset	NOUN
ajfa-16655	327	3	and	and	CCONJ
ajfa-16655	327	4	value	value	NOUN
ajfa-16655	327	5	relevance	relevance	NOUN
ajfa-16655	327	6	of	of	ADP
ajfa-16655	327	7	accounting	accounting	NOUN
ajfa-16655	327	8	information	information	NOUN
ajfa-16655	327	9	of	of	ADP
ajfa-16655	327	10	listed	list	VERB
ajfa-16655	327	11	high	high	ADJ
ajfa-16655	327	12	-	-	PUNCT
ajfa-16655	327	13	tech	tech	NOUN
ajfa-16655	327	14	firms	firm	NOUN
ajfa-16655	327	15	in	in	ADP
ajfa-16655	327	16	nigeria	nigeria	PROPN
ajfa-16655	327	17	.	.	PUNCT
ajfa-16655	328	1	research	research	NOUN
ajfa-16655	328	2	journal	journal	PROPN
ajfa-16655	328	3	of	of	ADP
ajfa-16655	328	4	finance	finance	NOUN
ajfa-16655	328	5	and	and	CCONJ
ajfa-16655	328	6	accounting	accounting	NOUN
ajfa-16655	328	7	,	,	PUNCT
ajfa-16655	328	8	6	6	NUM
ajfa-16655	328	9	,	,	PUNCT
ajfa-16655	328	10	60	60	NUM
ajfa-16655	328	11	-	-	SYM
ajfa-16655	328	12	79	79	NUM
ajfa-16655	328	13	.	.	PUNCT
ajfa-16655	329	1	agrawal	agrawal	PROPN
ajfa-16655	329	2	,	,	PUNCT
ajfa-16655	329	3	a.	a.	PROPN
ajfa-16655	329	4	,	,	PUNCT
ajfa-16655	329	5	&	&	CCONJ
ajfa-16655	329	6	knoeber	knoeber	PROPN
ajfa-16655	329	7	,	,	PUNCT
ajfa-16655	329	8	c.	c.	PROPN
ajfa-16655	329	9	r.	r.	PROPN
ajfa-16655	329	10	(	(	PUNCT
ajfa-16655	329	11	1996	1996	NUM
ajfa-16655	329	12	)	)	PUNCT
ajfa-16655	329	13	.	.	PUNCT
ajfa-16655	330	1	firm	firm	ADJ
ajfa-16655	330	2	performance	performance	NOUN
ajfa-16655	330	3	and	and	CCONJ
ajfa-16655	330	4	mechanisms	mechanism	NOUN
ajfa-16655	330	5	to	to	PART
ajfa-16655	330	6	control	control	VERB
ajfa-16655	330	7	agency	agency	NOUN
ajfa-16655	330	8	problems	problem	NOUN
ajfa-16655	330	9	between	between	ADP
ajfa-16655	330	10	managers	manager	NOUN
ajfa-16655	330	11	and	and	CCONJ
ajfa-16655	330	12	shareholders	shareholder	NOUN
ajfa-16655	330	13	.	.	PUNCT
ajfa-16655	331	1	journal	journal	PROPN
ajfa-16655	331	2	of	of	ADP
ajfa-16655	331	3	financial	financial	ADJ
ajfa-16655	331	4	and	and	CCONJ
ajfa-16655	331	5	quantitative	quantitative	ADJ
ajfa-16655	331	6	analysis,31(3	analysis,31(3	PROPN
ajfa-16655	331	7	)	)	PUNCT
ajfa-16655	331	8	,	,	PUNCT
ajfa-16655	331	9	377	377	NUM
ajfa-16655	331	10	-	-	SYM
ajfa-16655	331	11	397	397	NUM
ajfa-16655	331	12	.	.	PUNCT
ajfa-16655	332	1	https://doi.org/10.2307/2331397	https://doi.org/10.2307/2331397	NOUN
ajfa-16655	332	2	bchini	bchini	NOUN
ajfa-16655	332	3	,	,	PUNCT
ajfa-16655	332	4	b.	b.	PROPN
ajfa-16655	332	5	(	(	PUNCT
ajfa-16655	332	6	2015	2015	NUM
ajfa-16655	332	7	)	)	PUNCT
ajfa-16655	332	8	.	.	PUNCT
ajfa-16655	333	1	intellectual	intellectual	ADJ
ajfa-16655	333	2	capital	capital	NOUN
ajfa-16655	333	3	and	and	CCONJ
ajfa-16655	333	4	value	value	NOUN
ajfa-16655	333	5	creation	creation	NOUN
ajfa-16655	333	6	in	in	ADP
ajfa-16655	333	7	the	the	DET
ajfa-16655	333	8	tunisian	tunisian	ADJ
ajfa-16655	333	9	manufacturing	manufacturing	NOUN
ajfa-16655	333	10	companies	company	NOUN
ajfa-16655	333	11	.	.	PUNCT
ajfa-16655	334	1	procedia	procedia	ADJ
ajfa-16655	334	2	economics	economic	NOUN
ajfa-16655	334	3	and	and	CCONJ
ajfa-16655	334	4	finance	finance	NOUN
ajfa-16655	334	5	,	,	PUNCT
ajfa-16655	334	6	23	23	NUM
ajfa-16655	334	7	,	,	PUNCT
ajfa-16655	334	8	783	783	NUM
ajfa-16655	334	9	-	-	SYM
ajfa-16655	334	10	791	791	NUM
ajfa-16655	334	11	.	.	PUNCT
ajfa-16655	335	1	https://doi.org/10.1016/s2212-5671(15)00443-8	https://doi.org/10.1016/s2212-5671(15)00443-8	NOUN
ajfa-16655	335	2	bubic	bubic	NOUN
ajfa-16655	335	3	,	,	PUNCT
ajfa-16655	335	4	j.	j.	PROPN
ajfa-16655	335	5	,	,	PUNCT
ajfa-16655	335	6	&	&	CCONJ
ajfa-16655	335	7	susak	susak	PROPN
ajfa-16655	335	8	,	,	PUNCT
ajfa-16655	335	9	t.	t.	PROPN
ajfa-16655	335	10	(	(	PUNCT
ajfa-16655	335	11	2015	2015	NUM
ajfa-16655	335	12	,	,	PUNCT
ajfa-16655	335	13	september	september	PROPN
ajfa-16655	335	14	)	)	PUNCT
ajfa-16655	335	15	.	.	PUNCT
ajfa-16655	336	1	detecting	detect	VERB
ajfa-16655	336	2	optimal	optimal	ADJ
ajfa-16655	336	3	financial	financial	ADJ
ajfa-16655	336	4	and	and	CCONJ
ajfa-16655	336	5	capital	capital	NOUN
ajfa-16655	336	6	structure	structure	NOUN
ajfa-16655	336	7	:	:	PUNCT
ajfa-16655	336	8	the	the	DET
ajfa-16655	336	9	case	case	NOUN
ajfa-16655	336	10	of	of	ADP
ajfa-16655	336	11	small	small	ADJ
ajfa-16655	336	12	and	and	CCONJ
ajfa-16655	336	13	medium	medium	ADJ
ajfa-16655	336	14	enterprises	enterprise	NOUN
ajfa-16655	336	15	(	(	PUNCT
ajfa-16655	336	16	sme	sme	NOUN
ajfa-16655	336	17	)	)	PUNCT
ajfa-16655	336	18	in	in	ADP
ajfa-16655	336	19	republic	republic	NOUN
ajfa-16655	336	20	of	of	ADP
ajfa-16655	336	21	croatia	croatia	PROPN
ajfa-16655	336	22	.	.	PUNCT
ajfa-16655	337	1	in	in	ADP
ajfa-16655	337	2	10th	10th	ADJ
ajfa-16655	337	3	international	international	ADJ
ajfa-16655	337	4	scientific	scientific	ADJ
ajfa-16655	337	5	conference	conference	NOUN
ajfa-16655	337	6	on	on	ADP
ajfa-16655	337	7	economic	economic	ADJ
ajfa-16655	337	8	and	and	CCONJ
ajfa-16655	337	9	social	social	ADJ
ajfa-16655	337	10	development	development	NOUN
ajfa-16655	337	11	,	,	PUNCT
ajfa-16655	337	12	miami	miami	PROPN
ajfa-16655	337	13	.	.	PUNCT
ajfa-16655	338	1	carlson	carlson	PROPN
ajfa-16655	338	2	,	,	PUNCT
ajfa-16655	338	3	s.	s.	PROPN
ajfa-16655	338	4	j.	j.	PROPN
ajfa-16655	338	5	,	,	PUNCT
ajfa-16655	338	6	&	&	CCONJ
ajfa-16655	338	7	bathala	bathala	PROPN
ajfa-16655	338	8	,	,	PUNCT
ajfa-16655	338	9	c.	c.	PROPN
ajfa-16655	338	10	t.	t.	PROPN
ajfa-16655	338	11	(	(	PUNCT
ajfa-16655	338	12	1997	1997	NUM
ajfa-16655	338	13	)	)	PUNCT
ajfa-16655	338	14	.	.	PUNCT
ajfa-16655	339	1	ownership	ownership	NOUN
ajfa-16655	339	2	differences	difference	NOUN
ajfa-16655	339	3	and	and	CCONJ
ajfa-16655	339	4	firms	firm	NOUN
ajfa-16655	339	5	'	'	PART
ajfa-16655	339	6	income	income	NOUN
ajfa-16655	339	7	smoothing	smooth	VERB
ajfa-16655	339	8	behavior	behavior	NOUN
ajfa-16655	339	9	.	.	PUNCT
ajfa-16655	340	1	journal	journal	PROPN
ajfa-16655	340	2	of	of	ADP
ajfa-16655	340	3	business	business	NOUN
ajfa-16655	340	4	finance	finance	PROPN
ajfa-16655	340	5	&	&	CCONJ
ajfa-16655	340	6	accounting	accounting	PROPN
ajfa-16655	340	7	,	,	PUNCT
ajfa-16655	340	8	24(2	24(2	NUM
ajfa-16655	340	9	)	)	PUNCT
ajfa-16655	340	10	,	,	PUNCT
ajfa-16655	340	11	179	179	NUM
ajfa-16655	340	12	-	-	SYM
ajfa-16655	340	13	196	196	NUM
ajfa-16655	340	14	.	.	PUNCT
ajfa-16655	341	1	https://doi.org/10.1111/1468-5957.00101	https://doi.org/10.1111/1468-5957.00101	PROPN
ajfa-16655	341	2	choong	choong	PROPN
ajfa-16655	341	3	,	,	PUNCT
ajfa-16655	341	4	k.	k.	PROPN
ajfa-16655	341	5	k.	k.	PROPN
ajfa-16655	341	6	(	(	PUNCT
ajfa-16655	341	7	2008	2008	NUM
ajfa-16655	341	8	)	)	PUNCT
ajfa-16655	341	9	.	.	PUNCT
ajfa-16655	342	1	intellectual	intellectual	ADJ
ajfa-16655	342	2	capital	capital	NOUN
ajfa-16655	342	3	:	:	PUNCT
ajfa-16655	342	4	definitions	definition	NOUN
ajfa-16655	342	5	,	,	PUNCT
ajfa-16655	342	6	categorization	categorization	NOUN
ajfa-16655	342	7	and	and	CCONJ
ajfa-16655	342	8	reporting	reporting	NOUN
ajfa-16655	342	9	models	model	NOUN
ajfa-16655	342	10	.	.	PUNCT
ajfa-16655	343	1	journal	journal	NOUN
ajfa-16655	343	2	of	of	ADP
ajfa-16655	343	3	intellectual	intellectual	ADJ
ajfa-16655	343	4	capital	capital	NOUN
ajfa-16655	343	5	.	.	PUNCT
ajfa-16655	344	1	https://doi.org/10.1108/14691930810913186	https://doi.org/10.1108/14691930810913186	PROPN
ajfa-16655	344	2	connolly	connolly	PROPN
ajfa-16655	344	3	,	,	PUNCT
ajfa-16655	344	4	r.	r.	PROPN
ajfa-16655	344	5	a.	a.	PROPN
ajfa-16655	344	6	,	,	PUNCT
ajfa-16655	344	7	&	&	CCONJ
ajfa-16655	344	8	hirschey	hirschey	PROPN
ajfa-16655	344	9	,	,	PUNCT
ajfa-16655	344	10	m.	m.	NOUN
ajfa-16655	344	11	(	(	PUNCT
ajfa-16655	344	12	1984	1984	NUM
ajfa-16655	344	13	)	)	PUNCT
ajfa-16655	344	14	.	.	PUNCT
ajfa-16655	345	1	r	r	NOUN
ajfa-16655	345	2	&	&	CCONJ
ajfa-16655	345	3	d	d	PROPN
ajfa-16655	345	4	,	,	PUNCT
ajfa-16655	345	5	market	market	NOUN
ajfa-16655	345	6	structure	structure	NOUN
ajfa-16655	345	7	and	and	CCONJ
ajfa-16655	345	8	profits	profit	NOUN
ajfa-16655	345	9	:	:	PUNCT
ajfa-16655	345	10	a	a	DET
ajfa-16655	345	11	value	value	NOUN
ajfa-16655	345	12	-	-	PUNCT
ajfa-16655	345	13	based	base	VERB
ajfa-16655	345	14	approach	approach	NOUN
ajfa-16655	345	15	.	.	PUNCT
ajfa-16655	346	1	the	the	DET
ajfa-16655	346	2	review	review	NOUN
ajfa-16655	346	3	of	of	ADP
ajfa-16655	346	4	economics	economic	NOUN
ajfa-16655	346	5	and	and	CCONJ
ajfa-16655	346	6	statistics	statistic	NOUN
ajfa-16655	346	7	,	,	PUNCT
ajfa-16655	346	8	682	682	NUM
ajfa-16655	346	9	-	-	SYM
ajfa-16655	346	10	686	686	NUM
ajfa-16655	346	11	.	.	PUNCT
ajfa-16655	347	1	https://doi.org/10.2307/1935995	https://doi.org/10.2307/1935995	PROPN
ajfa-16655	347	2	dodd	dodd	PROPN
ajfa-16655	347	3	,	,	PUNCT
ajfa-16655	347	4	m.	m.	PROPN
ajfa-16655	347	5	d.	d.	PROPN
ajfa-16655	347	6	(	(	PUNCT
ajfa-16655	347	7	2016	2016	NUM
ajfa-16655	347	8	)	)	PUNCT
ajfa-16655	347	9	.	.	PUNCT
ajfa-16655	348	1	intangible	intangible	ADJ
ajfa-16655	348	2	resource	resource	NOUN
ajfa-16655	348	3	management	management	NOUN
ajfa-16655	348	4	:	:	PUNCT
ajfa-16655	348	5	social	social	ADJ
ajfa-16655	348	6	capital	capital	NOUN
ajfa-16655	348	7	theory	theory	NOUN
ajfa-16655	348	8	development	development	NOUN
ajfa-16655	348	9	for	for	ADP
ajfa-16655	348	10	public	public	ADJ
ajfa-16655	348	11	relations	relation	NOUN
ajfa-16655	348	12	.	.	PUNCT
ajfa-16655	349	1	journal	journal	PROPN
ajfa-16655	349	2	of	of	ADP
ajfa-16655	349	3	communication	communication	NOUN
ajfa-16655	349	4	management	management	NOUN
ajfa-16655	349	5	,	,	PUNCT
ajfa-16655	349	6	vol	vol	NOUN
ajfa-16655	349	7	.	.	PUNCT
ajfa-16655	350	1	20(4	20(4	NOUN
ajfa-16655	350	2	)	)	PUNCT
ajfa-16655	350	3	,	,	PUNCT
ajfa-16655	351	1	289	289	NUM
ajfa-16655	351	2	-	-	SYM
ajfa-16655	351	3	311	311	NUM
ajfa-16655	351	4	.	.	PUNCT
ajfa-16655	351	5	https://doi.org/10.1108/jcom-12-2015-0095	https://doi.org/10.1108/jcom-12-2015-0095	PROPN
ajfa-16655	351	6	dženopoljac	dženopoljac	PROPN
ajfa-16655	351	7	,	,	PUNCT
ajfa-16655	351	8	v.	v.	PROPN
ajfa-16655	351	9	,	,	PUNCT
ajfa-16655	351	10	janoševic	janoševic	PROPN
ajfa-16655	351	11	,	,	PUNCT
ajfa-16655	351	12	s.	s.	PROPN
ajfa-16655	351	13	,	,	PUNCT
ajfa-16655	351	14	&	&	CCONJ
ajfa-16655	351	15	bontis	bontis	PROPN
ajfa-16655	351	16	,	,	PUNCT
ajfa-16655	351	17	n.	n.	PROPN
ajfa-16655	351	18	(	(	PUNCT
ajfa-16655	351	19	2016	2016	NUM
ajfa-16655	351	20	)	)	PUNCT
ajfa-16655	351	21	.	.	PUNCT
ajfa-16655	352	1	intellectual	intellectual	ADJ
ajfa-16655	352	2	capital	capital	NOUN
ajfa-16655	352	3	and	and	CCONJ
ajfa-16655	352	4	financial	financial	ADJ
ajfa-16655	352	5	performance	performance	NOUN
ajfa-16655	352	6	in	in	ADP
ajfa-16655	352	7	the	the	DET
ajfa-16655	352	8	serbian	serbian	ADJ
ajfa-16655	352	9	ict	ict	NOUN
ajfa-16655	352	10	industry	industry	NOUN
ajfa-16655	352	11	.	.	PUNCT
ajfa-16655	353	1	journal	journal	PROPN
ajfa-16655	353	2	of	of	ADP
ajfa-16655	353	3	intellectual	intellectual	ADJ
ajfa-16655	353	4	capital	capital	NOUN
ajfa-16655	353	5	,	,	PUNCT
ajfa-16655	353	6	17(2	17(2	NUM
ajfa-16655	353	7	)	)	PUNCT
ajfa-16655	353	8	,	,	PUNCT
ajfa-16655	353	9	373	373	NUM
ajfa-16655	353	10	-	-	SYM
ajfa-16655	353	11	396	396	NUM
ajfa-16655	353	12	.	.	PUNCT
ajfa-16655	354	1	https://doi.org/10.1108/jic-07-2015-0068	https://doi.org/10.1108/jic-07-2015-0068	PRON
ajfa-16655	354	2	erawati	erawati	PROPN
ajfa-16655	354	3	,	,	PUNCT
ajfa-16655	354	4	n.	n.	PROPN
ajfa-16655	354	5	m.	m.	PROPN
ajfa-16655	354	6	a.	a.	PROPN
ajfa-16655	354	7	,	,	PUNCT
ajfa-16655	354	8	&	&	CCONJ
ajfa-16655	354	9	sudana	sudana	PROPN
ajfa-16655	354	10	,	,	PUNCT
ajfa-16655	354	11	i.	i.	PROPN
ajfa-16655	354	12	p.	p.	PROPN
ajfa-16655	354	13	(	(	PUNCT
ajfa-16655	354	14	2005	2005	NUM
ajfa-16655	354	15	)	)	PUNCT
ajfa-16655	354	16	.	.	PUNCT
ajfa-16655	355	1	intangible	intangible	ADJ
ajfa-16655	355	2	assets	asset	NOUN
ajfa-16655	355	3	.	.	PUNCT
ajfa-16655	356	1	company	company	NOUN
ajfa-16655	356	2	values	value	NOUN
ajfa-16655	356	3	,	,	PUNCT
ajfa-16655	356	4	and	and	CCONJ
ajfa-16655	356	5	financial	financial	ADJ
ajfa-16655	356	6	performance	performance	NOUN
ajfa-16655	356	7	.	.	PUNCT
ajfa-16655	357	1	doi	doi	NOUN
ajfa-16655	357	2	:	:	PUNCT
ajfa-16655	357	3	10.5897	10.5897	NUM
ajfa-16655	357	4	/	/	SYM
ajfa-16655	357	5	ajbm2017.8429	ajbm2017.8429	ADJ
ajfa-16655	357	6	fukao	fukao	NOUN
ajfa-16655	357	7	,	,	PUNCT
ajfa-16655	357	8	k.	k.	PROPN
ajfa-16655	357	9	,	,	PUNCT
ajfa-16655	357	10	miyagawa	miyagawa	PROPN
ajfa-16655	357	11	,	,	PUNCT
ajfa-16655	357	12	t.	t.	PROPN
ajfa-16655	357	13	,	,	PUNCT
ajfa-16655	357	14	mukai	mukai	PROPN
ajfa-16655	357	15	,	,	PUNCT
ajfa-16655	357	16	k.	k.	PROPN
ajfa-16655	357	17	,	,	PUNCT
ajfa-16655	357	18	shinoda	shinoda	PROPN
ajfa-16655	357	19	,	,	PUNCT
ajfa-16655	357	20	y.	y.	PROPN
ajfa-16655	357	21	,	,	PUNCT
ajfa-16655	357	22	&	&	CCONJ
ajfa-16655	357	23	tonogi	tonogi	PROPN
ajfa-16655	357	24	,	,	PUNCT
ajfa-16655	357	25	k.	k.	PROPN
ajfa-16655	357	26	(	(	PUNCT
ajfa-16655	357	27	2009	2009	NUM
ajfa-16655	357	28	)	)	PUNCT
ajfa-16655	357	29	.	.	PUNCT
ajfa-16655	358	1	intangible	intangible	ADJ
ajfa-16655	358	2	investment	investment	NOUN
ajfa-16655	358	3	in	in	ADP
ajfa-16655	358	4	japan	japan	PROPN
ajfa-16655	358	5	:	:	PUNCT
ajfa-16655	358	6	measurement	measurement	NOUN
ajfa-16655	358	7	and	and	CCONJ
ajfa-16655	358	8	contribution	contribution	NOUN
ajfa-16655	358	9	to	to	ADP
ajfa-16655	358	10	economic	economic	ADJ
ajfa-16655	358	11	growth	growth	NOUN
ajfa-16655	358	12	.	.	PUNCT
ajfa-16655	359	1	review	review	NOUN
ajfa-16655	359	2	of	of	ADP
ajfa-16655	359	3	income	income	NOUN
ajfa-16655	359	4	and	and	CCONJ
ajfa-16655	359	5	wealth	wealth	NOUN
ajfa-16655	359	6	,	,	PUNCT
ajfa-16655	359	7	55(3	55(3	NUM
ajfa-16655	359	8	)	)	PUNCT
ajfa-16655	359	9	,	,	PUNCT
ajfa-16655	359	10	717	717	NUM
ajfa-16655	359	11	-	-	SYM
ajfa-16655	359	12	736	736	NUM
ajfa-16655	359	13	.	.	PUNCT
ajfa-16655	360	1	https://doi.org/10.1111/j.1475-4991.2009.00345.x	https://doi.org/10.1111/j.1475-4991.2009.00345.x	ADJ
ajfa-16655	360	2	https://doi.org/10.2307/2331397	https://doi.org/10.2307/2331397	NOUN
ajfa-16655	360	3	https://doi.org/10.1016/s2212-5671(15)00443-8	https://doi.org/10.1016/s2212-5671(15)00443-8	NOUN
ajfa-16655	360	4	https://doi.org/10.1111/1468-5957.00101	https://doi.org/10.1111/1468-5957.00101	PROPN
ajfa-16655	360	5	https://doi.org/10.1108/14691930810913186	https://doi.org/10.1108/14691930810913186	INTJ
ajfa-16655	360	6	https://doi.org/10.2307/1935995	https://doi.org/10.2307/1935995	NOUN
ajfa-16655	360	7	https://doi.org/10.1108/jcom-12-2015-0095	https://doi.org/10.1108/jcom-12-2015-0095	VERB
ajfa-16655	360	8	https://doi.org/10.1108/jic-07-2015-0068	https://doi.org/10.1108/jic-07-2015-0068	PROPN
ajfa-16655	360	9	https://doi.org/10.1111/j.1475-4991.2009.00345.x	https://doi.org/10.1111/j.1475-4991.2009.00345.x	ADJ
ajfa-16655	360	10	asian	asian	ADJ
ajfa-16655	360	11	journal	journal	NOUN
ajfa-16655	360	12	of	of	ADP
ajfa-16655	360	13	finance	finance	PROPN
ajfa-16655	360	14	&	&	CCONJ
ajfa-16655	360	15	accounting	accounting	PROPN
ajfa-16655	360	16	issn	issn	PROPN
ajfa-16655	360	17	1946	1946	NUM
ajfa-16655	360	18	-	-	PUNCT
ajfa-16655	360	19	052x	052x	NOUN
ajfa-16655	360	20	2020	2020	NUM
ajfa-16655	360	21	,	,	PUNCT
ajfa-16655	360	22	vol	vol	NOUN
ajfa-16655	360	23	.	.	PROPN
ajfa-16655	361	1	12	12	NUM
ajfa-16655	361	2	,	,	PUNCT
ajfa-16655	361	3	no	no	INTJ
ajfa-16655	361	4	.	.	NOUN
ajfa-16655	361	5	1	1	NUM
ajfa-16655	361	6	ajfa.macrothink.org/	ajfa.macrothink.org/	PROPN
ajfa-16655	361	7	55	55	NUM
ajfa-16655	361	8	gamayuni	gamayuni	NOUN
ajfa-16655	361	9	,	,	PUNCT
ajfa-16655	361	10	r.	r.	PROPN
ajfa-16655	361	11	r.	r.	PROPN
ajfa-16655	361	12	(	(	PUNCT
ajfa-16655	361	13	2015	2015	NUM
ajfa-16655	361	14	)	)	PUNCT
ajfa-16655	361	15	.	.	PUNCT
ajfa-16655	362	1	the	the	DET
ajfa-16655	362	2	effect	effect	NOUN
ajfa-16655	362	3	of	of	ADP
ajfa-16655	362	4	intangible	intangible	ADJ
ajfa-16655	362	5	asset	asset	NOUN
ajfa-16655	362	6	,	,	PUNCT
ajfa-16655	362	7	financial	financial	ADJ
ajfa-16655	362	8	performance	performance	NOUN
ajfa-16655	362	9	and	and	CCONJ
ajfa-16655	362	10	financial	financial	ADJ
ajfa-16655	362	11	policies	policy	NOUN
ajfa-16655	362	12	on	on	ADP
ajfa-16655	362	13	the	the	DET
ajfa-16655	362	14	firm	firm	ADJ
ajfa-16655	362	15	value	value	NOUN
ajfa-16655	362	16	.	.	PUNCT
ajfa-16655	363	1	international	international	ADJ
ajfa-16655	363	2	journal	journal	PROPN
ajfa-16655	363	3	of	of	ADP
ajfa-16655	363	4	scientific	scientific	PROPN
ajfa-16655	363	5	&	&	CCONJ
ajfa-16655	363	6	technology	technology	PROPN
ajfa-16655	363	7	research	research	NOUN
ajfa-16655	363	8	,	,	PUNCT
ajfa-16655	363	9	4(1	4(1	NOUN
ajfa-16655	363	10	)	)	PUNCT
ajfa-16655	363	11	,	,	PUNCT
ajfa-16655	363	12	202	202	NUM
ajfa-16655	363	13	-	-	SYM
ajfa-16655	363	14	212	212	NUM
ajfa-16655	363	15	.	.	PUNCT
ajfa-16655	364	1	gupta	gupta	PROPN
ajfa-16655	364	2	,	,	PUNCT
ajfa-16655	364	3	j.	j.	PROPN
ajfa-16655	364	4	,	,	PUNCT
ajfa-16655	364	5	wilson	wilson	PROPN
ajfa-16655	364	6	,	,	PUNCT
ajfa-16655	364	7	n.	n.	NOUN
ajfa-16655	364	8	,	,	PUNCT
ajfa-16655	364	9	gregoriou	gregoriou	NOUN
ajfa-16655	364	10	,	,	PUNCT
ajfa-16655	364	11	a.	a.	NOUN
ajfa-16655	364	12	,	,	PUNCT
ajfa-16655	364	13	&	&	CCONJ
ajfa-16655	364	14	healy	healy	PROPN
ajfa-16655	364	15	,	,	PUNCT
ajfa-16655	364	16	j.	j.	PROPN
ajfa-16655	364	17	(	(	PUNCT
ajfa-16655	364	18	2014	2014	NUM
ajfa-16655	364	19	)	)	PUNCT
ajfa-16655	364	20	.	.	PUNCT
ajfa-16655	365	1	the	the	DET
ajfa-16655	365	2	value	value	NOUN
ajfa-16655	365	3	of	of	ADP
ajfa-16655	365	4	operating	operate	VERB
ajfa-16655	365	5	cash	cash	NOUN
ajfa-16655	365	6	flow	flow	NOUN
ajfa-16655	365	7	in	in	ADP
ajfa-16655	365	8	modelling	model	VERB
ajfa-16655	365	9	credit	credit	NOUN
ajfa-16655	365	10	risk	risk	NOUN
ajfa-16655	365	11	for	for	ADP
ajfa-16655	365	12	smes	sme	NOUN
ajfa-16655	365	13	.	.	PUNCT
ajfa-16655	365	14	applied	apply	VERB
ajfa-16655	365	15	financial	financial	ADJ
ajfa-16655	365	16	economics	economic	NOUN
ajfa-16655	365	17	,	,	PUNCT
ajfa-16655	365	18	24(9	24(9	NUM
ajfa-16655	365	19	)	)	PUNCT
ajfa-16655	365	20	,	,	PUNCT
ajfa-16655	365	21	649	649	NUM
ajfa-16655	365	22	-	-	SYM
ajfa-16655	365	23	660	660	NUM
ajfa-16655	365	24	.	.	PUNCT
ajfa-16655	366	1	https://doi.org/10.1080/09603107.2014.896979	https://doi.org/10.1080/09603107.2014.896979	PROPN
ajfa-16655	366	2	haji	haji	PROPN
ajfa-16655	366	3	,	,	PUNCT
ajfa-16655	366	4	a.	a.	NOUN
ajfa-16655	366	5	a.	a.	PROPN
ajfa-16655	366	6	,	,	PUNCT
ajfa-16655	366	7	&	&	CCONJ
ajfa-16655	366	8	ghazali	ghazali	PROPN
ajfa-16655	366	9	,	,	PUNCT
ajfa-16655	366	10	n.	n.	PROPN
ajfa-16655	366	11	a.	a.	NOUN
ajfa-16655	366	12	m.	m.	NOUN
ajfa-16655	366	13	(	(	PUNCT
ajfa-16655	366	14	2018	2018	NUM
ajfa-16655	366	15	)	)	PUNCT
ajfa-16655	366	16	.	.	PUNCT
ajfa-16655	367	1	the	the	DET
ajfa-16655	367	2	role	role	NOUN
ajfa-16655	367	3	of	of	ADP
ajfa-16655	367	4	intangible	intangible	ADJ
ajfa-16655	367	5	assets	asset	NOUN
ajfa-16655	367	6	and	and	CCONJ
ajfa-16655	367	7	liabilities	liability	NOUN
ajfa-16655	367	8	in	in	ADP
ajfa-16655	367	9	firm	firm	ADJ
ajfa-16655	367	10	performance	performance	NOUN
ajfa-16655	367	11	:	:	PUNCT
ajfa-16655	367	12	empirical	empirical	ADJ
ajfa-16655	367	13	evidence	evidence	NOUN
ajfa-16655	367	14	.	.	PUNCT
ajfa-16655	368	1	journal	journal	NOUN
ajfa-16655	368	2	of	of	ADP
ajfa-16655	368	3	applied	apply	VERB
ajfa-16655	368	4	accounting	accounting	NOUN
ajfa-16655	368	5	research	research	NOUN
ajfa-16655	368	6	.	.	PUNCT
ajfa-16655	369	1	https://doi.org/10.1108/jaar-12-2015-0108	https://doi.org/10.1108/jaar-12-2015-0108	PROPN
ajfa-16655	369	2	hejazi	hejazi	PROPN
ajfa-16655	369	3	,	,	PUNCT
ajfa-16655	369	4	r.	r.	PROPN
ajfa-16655	369	5	,	,	PUNCT
ajfa-16655	369	6	ghanbari	ghanbari	NOUN
ajfa-16655	369	7	,	,	PUNCT
ajfa-16655	369	8	m.	m.	NOUN
ajfa-16655	369	9	,	,	PUNCT
ajfa-16655	369	10	&	&	CCONJ
ajfa-16655	369	11	alipour	alipour	ADJ
ajfa-16655	369	12	,	,	PUNCT
ajfa-16655	369	13	m.	m.	NOUN
ajfa-16655	369	14	(	(	PUNCT
ajfa-16655	369	15	2016	2016	NUM
ajfa-16655	369	16	)	)	PUNCT
ajfa-16655	369	17	.	.	PUNCT
ajfa-16655	370	1	intellectual	intellectual	ADJ
ajfa-16655	370	2	,	,	PUNCT
ajfa-16655	370	3	human	human	ADJ
ajfa-16655	370	4	and	and	CCONJ
ajfa-16655	370	5	structural	structural	ADJ
ajfa-16655	370	6	capital	capital	NOUN
ajfa-16655	370	7	effects	effect	NOUN
ajfa-16655	370	8	on	on	ADP
ajfa-16655	370	9	firm	firm	ADJ
ajfa-16655	370	10	performance	performance	NOUN
ajfa-16655	370	11	as	as	SCONJ
ajfa-16655	370	12	measured	measure	VERB
ajfa-16655	370	13	by	by	ADP
ajfa-16655	370	14	tobin	tobin	PROPN
ajfa-16655	370	15	's	's	PART
ajfa-16655	370	16	q.	q.	PROPN
ajfa-16655	370	17	knowledge	knowledge	NOUN
ajfa-16655	370	18	and	and	CCONJ
ajfa-16655	370	19	process	process	NOUN
ajfa-16655	370	20	management	management	NOUN
ajfa-16655	370	21	,	,	PUNCT
ajfa-16655	370	22	23(4	23(4	NOUN
ajfa-16655	370	23	)	)	PUNCT
ajfa-16655	370	24	,	,	PUNCT
ajfa-16655	370	25	259	259	NUM
ajfa-16655	370	26	-	-	SYM
ajfa-16655	370	27	273	273	NUM
ajfa-16655	370	28	.	.	PUNCT
ajfa-16655	371	1	https://doi.org/10.1002/kpm.1529	https://doi.org/10.1002/kpm.1529	PROPN
ajfa-16655	371	2	henning	henning	PROPN
ajfa-16655	371	3	,	,	PUNCT
ajfa-16655	371	4	s.	s.	PROPN
ajfa-16655	371	5	l.	l.	PROPN
ajfa-16655	371	6	,	,	PUNCT
ajfa-16655	371	7	lewis	lewis	PROPN
ajfa-16655	371	8	,	,	PUNCT
ajfa-16655	371	9	b.	b.	PROPN
ajfa-16655	371	10	l.	l.	PROPN
ajfa-16655	371	11	,	,	PUNCT
ajfa-16655	371	12	&	&	CCONJ
ajfa-16655	371	13	shaw	shaw	PROPN
ajfa-16655	371	14	,	,	PUNCT
ajfa-16655	371	15	w.	w.	PROPN
ajfa-16655	371	16	h.	h.	PROPN
ajfa-16655	371	17	(	(	PUNCT
ajfa-16655	371	18	2000	2000	NUM
ajfa-16655	371	19	)	)	PUNCT
ajfa-16655	371	20	.	.	PUNCT
ajfa-16655	372	1	valuation	valuation	NOUN
ajfa-16655	372	2	of	of	ADP
ajfa-16655	372	3	the	the	DET
ajfa-16655	372	4	components	component	NOUN
ajfa-16655	372	5	of	of	ADP
ajfa-16655	372	6	purchased	purchase	VERB
ajfa-16655	372	7	goodwill	goodwill	NOUN
ajfa-16655	372	8	.	.	PUNCT
ajfa-16655	373	1	journal	journal	NOUN
ajfa-16655	373	2	of	of	ADP
ajfa-16655	373	3	accounting	accounting	NOUN
ajfa-16655	373	4	research	research	NOUN
ajfa-16655	373	5	,	,	PUNCT
ajfa-16655	373	6	38(2	38(2	NOUN
ajfa-16655	373	7	)	)	PUNCT
ajfa-16655	373	8	,	,	PUNCT
ajfa-16655	373	9	375	375	NUM
ajfa-16655	373	10	-	-	SYM
ajfa-16655	373	11	386	386	NUM
ajfa-16655	373	12	.	.	PUNCT
ajfa-16655	374	1	https://doi.org/10.2307/2672938	https://doi.org/10.2307/2672938	CCONJ
ajfa-16655	374	2	holmström	holmström	PROPN
ajfa-16655	374	3	,	,	PUNCT
ajfa-16655	374	4	b.	b.	PROPN
ajfa-16655	374	5	(	(	PUNCT
ajfa-16655	374	6	1989	1989	NUM
ajfa-16655	374	7	)	)	PUNCT
ajfa-16655	374	8	.	.	PUNCT
ajfa-16655	375	1	agency	agency	NOUN
ajfa-16655	375	2	costs	cost	NOUN
ajfa-16655	375	3	and	and	CCONJ
ajfa-16655	375	4	innovation	innovation	NOUN
ajfa-16655	375	5	(	(	PUNCT
ajfa-16655	375	6	no	no	INTJ
ajfa-16655	375	7	.	.	NOUN
ajfa-16655	375	8	214	214	NUM
ajfa-16655	375	9	)	)	PUNCT
ajfa-16655	375	10	.	.	PUNCT
ajfa-16655	376	1	iui	iui	NOUN
ajfa-16655	376	2	working	working	NOUN
ajfa-16655	376	3	paper	paper	NOUN
ajfa-16655	376	4	.	.	PUNCT
ajfa-16655	377	1	https://doi.org/10.1016/0167-2681(89)90025-5	https://doi.org/10.1016/0167-2681(89)90025-5	NOUN
ajfa-16655	377	2	iwu	iwu	NOUN
ajfa-16655	377	3	-	-	PUNCT
ajfa-16655	377	4	egwuonwu	egwuonwu	NOUN
ajfa-16655	377	5	,	,	PUNCT
ajfa-16655	377	6	d.	d.	PROPN
ajfa-16655	377	7	,	,	PUNCT
ajfa-16655	377	8	&	&	CCONJ
ajfa-16655	377	9	chibuike	chibuike	PROPN
ajfa-16655	377	10	,	,	PUNCT
ajfa-16655	377	11	r.	r.	PROPN
ajfa-16655	377	12	(	(	PUNCT
ajfa-16655	377	13	2010	2010	NUM
ajfa-16655	377	14	)	)	PUNCT
ajfa-16655	377	15	.	.	PUNCT
ajfa-16655	378	1	corporate	corporate	ADJ
ajfa-16655	378	2	reputation	reputation	NOUN
ajfa-16655	378	3	&	&	CCONJ
ajfa-16655	378	4	firm	firm	ADJ
ajfa-16655	378	5	performance	performance	NOUN
ajfa-16655	378	6	:	:	PUNCT
ajfa-16655	378	7	empiricial	empiricial	ADJ
ajfa-16655	378	8	literature	literature	NOUN
ajfa-16655	378	9	evidence	evidence	NOUN
ajfa-16655	378	10	.	.	PUNCT
ajfa-16655	379	1	ronald	ronald	PROPN
ajfa-16655	379	2	chibuike	chibuike	PROPN
ajfa-16655	379	3	,	,	PUNCT
ajfa-16655	379	4	corporate	corporate	ADJ
ajfa-16655	379	5	reputation	reputation	NOUN
ajfa-16655	379	6	&	&	CCONJ
ajfa-16655	379	7	firm	firm	ADJ
ajfa-16655	379	8	performance	performance	NOUN
ajfa-16655	379	9	:	:	PUNCT
ajfa-16655	379	10	empiricial	empiricial	ADJ
ajfa-16655	379	11	literature	literature	NOUN
ajfa-16655	379	12	evidence	evidence	NOUN
ajfa-16655	379	13	(	(	PUNCT
ajfa-16655	379	14	august	august	PROPN
ajfa-16655	379	15	16	16	NUM
ajfa-16655	379	16	,	,	PUNCT
ajfa-16655	379	17	2010	2010	NUM
ajfa-16655	379	18	)	)	PUNCT
ajfa-16655	379	19	.	.	PUNCT
ajfa-16655	380	1	https://dx.doi.org/10.2139/ssrn.1659595	https://dx.doi.org/10.2139/ssrn.1659595	X
ajfa-16655	380	2	jensen	jensen	PROPN
ajfa-16655	380	3	,	,	PUNCT
ajfa-16655	380	4	m.	m.	PROPN
ajfa-16655	380	5	c.	c.	PROPN
ajfa-16655	380	6	,	,	PUNCT
ajfa-16655	380	7	&	&	CCONJ
ajfa-16655	380	8	meckling	meckling	PROPN
ajfa-16655	380	9	,	,	PUNCT
ajfa-16655	380	10	w.	w.	NOUN
ajfa-16655	380	11	(	(	PUNCT
ajfa-16655	380	12	1976	1976	NUM
ajfa-16655	380	13	)	)	PUNCT
ajfa-16655	380	14	.	.	PUNCT
ajfa-16655	381	1	h.	h.	PROPN
ajfa-16655	381	2	(	(	PUNCT
ajfa-16655	381	3	1976	1976	NUM
ajfa-16655	381	4	)	)	PUNCT
ajfa-16655	381	5	.	.	PUNCT
ajfa-16655	382	1	theory	theory	NOUN
ajfa-16655	382	2	of	of	ADP
ajfa-16655	382	3	the	the	DET
ajfa-16655	382	4	firm	firm	NOUN
ajfa-16655	382	5	:	:	PUNCT
ajfa-16655	382	6	managerial	managerial	ADJ
ajfa-16655	382	7	behavior	behavior	NOUN
ajfa-16655	382	8	,	,	PUNCT
ajfa-16655	382	9	agency	agency	NOUN
ajfa-16655	382	10	costs	cost	NOUN
ajfa-16655	382	11	and	and	CCONJ
ajfa-16655	382	12	ownership	ownership	NOUN
ajfa-16655	382	13	structure	structure	NOUN
ajfa-16655	382	14	en	en	PROPN
ajfa-16655	382	15	:	:	PUNCT
ajfa-16655	382	16	journal	journal	PROPN
ajfa-16655	382	17	of	of	ADP
ajfa-16655	382	18	finance	finance	NOUN
ajfa-16655	382	19	economics	economic	NOUN
ajfa-16655	382	20	,	,	PUNCT
ajfa-16655	382	21	3	3	NUM
ajfa-16655	382	22	.	.	PUNCT
ajfa-16655	383	1	https://doi.org/10.1016/0304-405x(76)90026-x	https://doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-16655	383	2	lantz	lantz	PROPN
ajfa-16655	383	3	,	,	PUNCT
ajfa-16655	383	4	j.	j.	PROPN
ajfa-16655	383	5	s.	s.	PROPN
ajfa-16655	383	6	,	,	PUNCT
ajfa-16655	383	7	&	&	CCONJ
ajfa-16655	383	8	sahut	sahut	PROPN
ajfa-16655	383	9	,	,	PUNCT
ajfa-16655	383	10	j.	j.	PROPN
ajfa-16655	383	11	m.	m.	PROPN
ajfa-16655	383	12	(	(	PUNCT
ajfa-16655	383	13	2005	2005	NUM
ajfa-16655	383	14	)	)	PUNCT
ajfa-16655	383	15	.	.	PUNCT
ajfa-16655	384	1	r&d	r&d	NOUN
ajfa-16655	384	2	investment	investment	NOUN
ajfa-16655	384	3	and	and	CCONJ
ajfa-16655	384	4	the	the	DET
ajfa-16655	384	5	financial	financial	ADJ
ajfa-16655	384	6	performance	performance	NOUN
ajfa-16655	384	7	of	of	ADP
ajfa-16655	384	8	technological	technological	ADJ
ajfa-16655	384	9	firms	firm	NOUN
ajfa-16655	384	10	.	.	PUNCT
ajfa-16655	385	1	international	international	ADJ
ajfa-16655	385	2	journal	journal	PROPN
ajfa-16655	385	3	of	of	ADP
ajfa-16655	385	4	business	business	NOUN
ajfa-16655	385	5	,	,	PUNCT
ajfa-16655	385	6	10(3	10(3	NUM
ajfa-16655	385	7	)	)	PUNCT
ajfa-16655	385	8	,	,	PUNCT
ajfa-16655	385	9	251	251	NUM
ajfa-16655	385	10	.	.	PUNCT
ajfa-16655	386	1	lee	lee	PROPN
ajfa-16655	386	2	,	,	PUNCT
ajfa-16655	386	3	h.	h.	PROPN
ajfa-16655	386	4	m.	m.	PROPN
ajfa-16655	386	5	,	,	PUNCT
ajfa-16655	386	6	hsu	hsu	PROPN
ajfa-16655	386	7	,	,	PUNCT
ajfa-16655	386	8	y.	y.	PROPN
ajfa-16655	386	9	h.	h.	PROPN
ajfa-16655	386	10	,	,	PUNCT
ajfa-16655	386	11	chen	chen	PROPN
ajfa-16655	386	12	,	,	PUNCT
ajfa-16655	386	13	t.	t.	PROPN
ajfa-16655	386	14	,	,	PUNCT
ajfa-16655	386	15	&	&	CCONJ
ajfa-16655	386	16	wu	wu	PROPN
ajfa-16655	386	17	,	,	PUNCT
ajfa-16655	386	18	y.	y.	PROPN
ajfa-16655	386	19	c.	c.	PROPN
ajfa-16655	386	20	(	(	PUNCT
ajfa-16655	386	21	2018	2018	NUM
ajfa-16655	386	22	)	)	PUNCT
ajfa-16655	386	23	.	.	PUNCT
ajfa-16655	387	1	factors	factor	NOUN
ajfa-16655	387	2	that	that	PRON
ajfa-16655	387	3	affect	affect	VERB
ajfa-16655	387	4	the	the	DET
ajfa-16655	387	5	perception	perception	NOUN
ajfa-16655	387	6	of	of	ADP
ajfa-16655	387	7	luxury	luxury	NOUN
ajfa-16655	387	8	brands	brand	NOUN
ajfa-16655	387	9	after	after	ADP
ajfa-16655	387	10	m&a	m&a	PROPN
ajfa-16655	387	11	.	.	PUNCT
ajfa-16655	388	1	clear	clear	ADJ
ajfa-16655	388	2	international	international	ADJ
ajfa-16655	388	3	journal	journal	NOUN
ajfa-16655	388	4	of	of	ADP
ajfa-16655	388	5	research	research	NOUN
ajfa-16655	388	6	in	in	ADP
ajfa-16655	388	7	commerce	commerce	PROPN
ajfa-16655	388	8	&	&	CCONJ
ajfa-16655	388	9	management	management	PROPN
ajfa-16655	388	10	,	,	PUNCT
ajfa-16655	388	11	9(1	9(1	NUM
ajfa-16655	388	12	)	)	PUNCT
ajfa-16655	388	13	.	.	PUNCT
ajfa-16655	389	1	lev	lev	PROPN
ajfa-16655	389	2	,	,	PUNCT
ajfa-16655	389	3	b.	b.	PROPN
ajfa-16655	389	4	,	,	PUNCT
ajfa-16655	389	5	&	&	CCONJ
ajfa-16655	389	6	gu	gu	PROPN
ajfa-16655	389	7	,	,	PUNCT
ajfa-16655	389	8	f.	f.	PROPN
ajfa-16655	389	9	(	(	PUNCT
ajfa-16655	389	10	2016	2016	NUM
ajfa-16655	389	11	)	)	PUNCT
ajfa-16655	389	12	.	.	PUNCT
ajfa-16655	390	1	the	the	DET
ajfa-16655	390	2	end	end	NOUN
ajfa-16655	390	3	of	of	ADP
ajfa-16655	390	4	accounting	accounting	NOUN
ajfa-16655	390	5	and	and	CCONJ
ajfa-16655	390	6	the	the	DET
ajfa-16655	390	7	path	path	NOUN
ajfa-16655	390	8	forward	forward	ADV
ajfa-16655	390	9	for	for	ADP
ajfa-16655	390	10	investors	investor	NOUN
ajfa-16655	390	11	and	and	CCONJ
ajfa-16655	390	12	managers	manager	NOUN
ajfa-16655	390	13	.	.	PUNCT
ajfa-16655	391	1	john	john	PROPN
ajfa-16655	391	2	wiley	wiley	PROPN
ajfa-16655	391	3	&	&	CCONJ
ajfa-16655	391	4	sons	son	NOUN
ajfa-16655	391	5	.	.	PUNCT
ajfa-16655	392	1	https://doi.org/10.1002/9781119270041	https://doi.org/10.1002/9781119270041	PROPN
ajfa-16655	392	2	lim	lim	PROPN
ajfa-16655	392	3	,	,	PUNCT
ajfa-16655	392	4	s.	s.	PROPN
ajfa-16655	392	5	c.	c.	PROPN
ajfa-16655	392	6	,	,	PUNCT
ajfa-16655	392	7	macias	macias	PROPN
ajfa-16655	392	8	,	,	PUNCT
ajfa-16655	392	9	a.	a.	PROPN
ajfa-16655	392	10	j.	j.	PROPN
ajfa-16655	392	11	,	,	PUNCT
ajfa-16655	392	12	&	&	CCONJ
ajfa-16655	392	13	moeller	moeller	PROPN
ajfa-16655	392	14	,	,	PUNCT
ajfa-16655	392	15	t.	t.	PROPN
ajfa-16655	392	16	(	(	PUNCT
ajfa-16655	392	17	2019	2019	NUM
ajfa-16655	392	18	)	)	PUNCT
ajfa-16655	392	19	.	.	PUNCT
ajfa-16655	393	1	intangible	intangible	ADJ
ajfa-16655	393	2	assets	asset	NOUN
ajfa-16655	393	3	and	and	CCONJ
ajfa-16655	393	4	capital	capital	NOUN
ajfa-16655	393	5	structure	structure	NOUN
ajfa-16655	393	6	.	.	PUNCT
ajfa-16655	394	1	available	available	ADJ
ajfa-16655	394	2	at	at	ADP
ajfa-16655	394	3	ssrn	ssrn	NOUN
ajfa-16655	394	4	2514551	2514551	NUM
ajfa-16655	394	5	.	.	PUNCT
ajfa-16655	395	1	lumapow	lumapow	PROPN
ajfa-16655	395	2	,	,	PUNCT
ajfa-16655	395	3	l.	l.	PROPN
ajfa-16655	395	4	s.	s.	PROPN
ajfa-16655	395	5	,	,	PUNCT
ajfa-16655	395	6	&	&	CCONJ
ajfa-16655	395	7	tumiwa	tumiwa	PROPN
ajfa-16655	395	8	,	,	PUNCT
ajfa-16655	395	9	r.	r.	PROPN
ajfa-16655	395	10	a.	a.	PROPN
ajfa-16655	395	11	f.	f.	PROPN
ajfa-16655	395	12	(	(	PUNCT
ajfa-16655	395	13	2017	2017	NUM
ajfa-16655	395	14	)	)	PUNCT
ajfa-16655	395	15	.	.	PUNCT
ajfa-16655	396	1	the	the	DET
ajfa-16655	396	2	effect	effect	NOUN
ajfa-16655	396	3	of	of	ADP
ajfa-16655	396	4	dividend	dividend	NOUN
ajfa-16655	396	5	policy	policy	NOUN
ajfa-16655	396	6	,	,	PUNCT
ajfa-16655	396	7	firm	firm	ADJ
ajfa-16655	396	8	size	size	NOUN
ajfa-16655	396	9	,	,	PUNCT
ajfa-16655	396	10	and	and	CCONJ
ajfa-16655	396	11	productivity	productivity	NOUN
ajfa-16655	396	12	to	to	ADP
ajfa-16655	396	13	the	the	DET
ajfa-16655	396	14	firm	firm	ADJ
ajfa-16655	396	15	value	value	NOUN
ajfa-16655	396	16	.	.	PUNCT
ajfa-16655	397	1	research	research	NOUN
ajfa-16655	397	2	journal	journal	PROPN
ajfa-16655	397	3	of	of	ADP
ajfa-16655	397	4	finance	finance	NOUN
ajfa-16655	397	5	and	and	CCONJ
ajfa-16655	397	6	accounting	accounting	NOUN
ajfa-16655	397	7	,	,	PUNCT
ajfa-16655	397	8	8(22	8(22	NUM
ajfa-16655	397	9	)	)	PUNCT
ajfa-16655	397	10	,	,	PUNCT
ajfa-16655	397	11	20	20	NUM
ajfa-16655	397	12	-	-	SYM
ajfa-16655	397	13	24	24	NUM
ajfa-16655	397	14	.	.	PUNCT
ajfa-16655	398	1	marr	marr	PROPN
ajfa-16655	398	2	,	,	PUNCT
ajfa-16655	398	3	b.	b.	PROPN
ajfa-16655	398	4	,	,	PUNCT
ajfa-16655	398	5	&	&	CCONJ
ajfa-16655	398	6	schiuma	schiuma	PROPN
ajfa-16655	398	7	,	,	PUNCT
ajfa-16655	398	8	g.	g.	PROPN
ajfa-16655	398	9	(	(	PUNCT
ajfa-16655	398	10	2001	2001	NUM
ajfa-16655	398	11	)	)	PUNCT
ajfa-16655	398	12	.	.	PUNCT
ajfa-16655	399	1	measuring	measure	VERB
ajfa-16655	399	2	and	and	CCONJ
ajfa-16655	399	3	managing	manage	VERB
ajfa-16655	399	4	intellectual	intellectual	ADJ
ajfa-16655	399	5	capital	capital	NOUN
ajfa-16655	399	6	and	and	CCONJ
ajfa-16655	399	7	knowledge	knowledge	NOUN
ajfa-16655	399	8	assets	asset	NOUN
ajfa-16655	399	9	in	in	ADP
ajfa-16655	399	10	new	new	ADJ
ajfa-16655	399	11	economy	economy	NOUN
ajfa-16655	399	12	organisations	organisation	NOUN
ajfa-16655	399	13	.	.	PUNCT
ajfa-16655	400	1	handbook	handbook	NOUN
ajfa-16655	400	2	of	of	ADP
ajfa-16655	400	3	performance	performance	NOUN
ajfa-16655	400	4	measurement	measurement	NOUN
ajfa-16655	400	5	,	,	PUNCT
ajfa-16655	400	6	gee	gee	PROPN
ajfa-16655	400	7	,	,	PUNCT
ajfa-16655	400	8	london	london	PROPN
ajfa-16655	400	9	,	,	PUNCT
ajfa-16655	400	10	369	369	NUM
ajfa-16655	400	11	-	-	SYM
ajfa-16655	400	12	411	411	NUM
ajfa-16655	400	13	.	.	PUNCT
ajfa-16655	401	1	https://doi.org/10.1080/09603107.2014.896979	https://doi.org/10.1080/09603107.2014.896979	PROPN
ajfa-16655	401	2	https://doi.org/10.1108/jaar-12-2015-0108	https://doi.org/10.1108/jaar-12-2015-0108	VERB
ajfa-16655	401	3	https://doi.org/10.1002/kpm.1529	https://doi.org/10.1002/kpm.1529	PROPN
ajfa-16655	401	4	https://doi.org/10.2307/2672938	https://doi.org/10.2307/2672938	ADV
ajfa-16655	401	5	https://doi.org/10.1016/0167-2681(89)90025-5	https://doi.org/10.1016/0167-2681(89)90025-5	VERB
ajfa-16655	401	6	https://doi.org/10.1016/0304-405x(76)90026-x	https://doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-16655	401	7	https://doi.org/10.1002/9781119270041	https://doi.org/10.1002/9781119270041	PROPN
ajfa-16655	401	8	asian	asian	ADJ
ajfa-16655	401	9	journal	journal	NOUN
ajfa-16655	401	10	of	of	ADP
ajfa-16655	401	11	finance	finance	PROPN
ajfa-16655	401	12	&	&	CCONJ
ajfa-16655	401	13	accounting	accounting	PROPN
ajfa-16655	401	14	issn	issn	PROPN
ajfa-16655	401	15	1946	1946	NUM
ajfa-16655	401	16	-	-	PUNCT
ajfa-16655	401	17	052x	052x	NOUN
ajfa-16655	401	18	2020	2020	NUM
ajfa-16655	401	19	,	,	PUNCT
ajfa-16655	401	20	vol	vol	NOUN
ajfa-16655	401	21	.	.	PROPN
ajfa-16655	401	22	12	12	NUM
ajfa-16655	401	23	,	,	PUNCT
ajfa-16655	401	24	no	no	INTJ
ajfa-16655	401	25	.	.	NOUN
ajfa-16655	401	26	1	1	NUM
ajfa-16655	401	27	ajfa.macrothink.org/	ajfa.macrothink.org/	VERB
ajfa-16655	401	28	56	56	NUM
ajfa-16655	401	29	martins	martin	NOUN
ajfa-16655	401	30	,	,	PUNCT
ajfa-16655	401	31	j.	j.	PROPN
ajfa-16655	401	32	,	,	PUNCT
ajfa-16655	401	33	&	&	CCONJ
ajfa-16655	401	34	alves	alves	PROPN
ajfa-16655	401	35	,	,	PUNCT
ajfa-16655	401	36	s.	s.	PROPN
ajfa-16655	401	37	(	(	PUNCT
ajfa-16655	401	38	2010	2010	NUM
ajfa-16655	401	39	)	)	PUNCT
ajfa-16655	401	40	.	.	PUNCT
ajfa-16655	402	1	the	the	DET
ajfa-16655	402	2	impact	impact	NOUN
ajfa-16655	402	3	of	of	ADP
ajfa-16655	402	4	intangible	intangible	ADJ
ajfa-16655	402	5	assets	asset	NOUN
ajfa-16655	402	6	on	on	ADP
ajfa-16655	402	7	financial	financial	ADJ
ajfa-16655	402	8	and	and	CCONJ
ajfa-16655	402	9	governance	governance	NOUN
ajfa-16655	402	10	policies	policy	NOUN
ajfa-16655	402	11	:	:	PUNCT
ajfa-16655	402	12	a	a	DET
ajfa-16655	402	13	literature	literature	NOUN
ajfa-16655	402	14	review	review	NOUN
ajfa-16655	402	15	.	.	PUNCT
ajfa-16655	403	1	portuguese	portuguese	ADJ
ajfa-16655	403	2	journal	journal	PROPN
ajfa-16655	403	3	of	of	ADP
ajfa-16655	403	4	management	management	NOUN
ajfa-16655	403	5	studies	study	NOUN
ajfa-16655	403	6	,	,	PUNCT
ajfa-16655	403	7	15(1	15(1	NUM
ajfa-16655	403	8	)	)	PUNCT
ajfa-16655	403	9	,	,	PUNCT
ajfa-16655	403	10	87	87	NUM
ajfa-16655	403	11	-	-	SYM
ajfa-16655	403	12	107	107	NUM
ajfa-16655	403	13	.	.	PUNCT
ajfa-16655	404	1	mendoza	mendoza	PROPN
ajfa-16655	404	2	,	,	PUNCT
ajfa-16655	404	3	r.	r.	PROPN
ajfa-16655	404	4	,	,	PUNCT
ajfa-16655	404	5	&	&	CCONJ
ajfa-16655	404	6	rivera	rivera	PROPN
ajfa-16655	404	7	,	,	PUNCT
ajfa-16655	404	8	j.	j.	PROPN
ajfa-16655	404	9	p.	p.	PROPN
ajfa-16655	404	10	r.	r.	PROPN
ajfa-16655	404	11	(	(	PUNCT
ajfa-16655	404	12	2017	2017	NUM
ajfa-16655	404	13	)	)	PUNCT
ajfa-16655	404	14	.	.	PUNCT
ajfa-16655	405	1	the	the	DET
ajfa-16655	405	2	effect	effect	NOUN
ajfa-16655	405	3	of	of	ADP
ajfa-16655	405	4	credit	credit	NOUN
ajfa-16655	405	5	risk	risk	NOUN
ajfa-16655	405	6	and	and	CCONJ
ajfa-16655	405	7	capital	capital	NOUN
ajfa-16655	405	8	adequacy	adequacy	NOUN
ajfa-16655	405	9	on	on	ADP
ajfa-16655	405	10	the	the	DET
ajfa-16655	405	11	profitability	profitability	NOUN
ajfa-16655	405	12	of	of	ADP
ajfa-16655	405	13	rural	rural	ADJ
ajfa-16655	405	14	banks	bank	NOUN
ajfa-16655	405	15	in	in	ADP
ajfa-16655	405	16	the	the	DET
ajfa-16655	405	17	philippines	philippine	NOUN
ajfa-16655	405	18	.	.	PUNCT
ajfa-16655	406	1	annals	annal	NOUN
ajfa-16655	406	2	of	of	ADP
ajfa-16655	406	3	the	the	DET
ajfa-16655	406	4	alexandru	alexandru	PROPN
ajfa-16655	406	5	ioan	ioan	PROPN
ajfa-16655	406	6	cuza	cuza	PROPN
ajfa-16655	406	7	university	university	NOUN
ajfa-16655	406	8	-	-	PUNCT
ajfa-16655	406	9	economics	economic	NOUN
ajfa-16655	406	10	,	,	PUNCT
ajfa-16655	406	11	64(1	64(1	NUM
ajfa-16655	406	12	)	)	PUNCT
ajfa-16655	406	13	,	,	PUNCT
ajfa-16655	406	14	83	83	NUM
ajfa-16655	406	15	-	-	SYM
ajfa-16655	406	16	96	96	NUM
ajfa-16655	406	17	.	.	PUNCT
ajfa-16655	407	1	https://doi.org/10.1515/aicue-2017-0006	https://doi.org/10.1515/aicue-2017-0006	PROPN
ajfa-16655	407	2	mortensen	mortensen	PROPN
ajfa-16655	407	3	,	,	PUNCT
ajfa-16655	407	4	j.	j.	PROPN
ajfa-16655	407	5	,	,	PUNCT
ajfa-16655	407	6	eustace	eustace	PROPN
ajfa-16655	407	7	,	,	PUNCT
ajfa-16655	407	8	c.	c.	PROPN
ajfa-16655	407	9	,	,	PUNCT
ajfa-16655	407	10	&	&	CCONJ
ajfa-16655	407	11	lannoo	lannoo	PROPN
ajfa-16655	407	12	,	,	PUNCT
ajfa-16655	407	13	k.	k.	PROPN
ajfa-16655	407	14	(	(	PUNCT
ajfa-16655	407	15	1997	1997	NUM
ajfa-16655	407	16	,	,	PUNCT
ajfa-16655	407	17	march	march	PROPN
ajfa-16655	407	18	)	)	PUNCT
ajfa-16655	407	19	.	.	PUNCT
ajfa-16655	408	1	intangibles	intangible	NOUN
ajfa-16655	408	2	in	in	ADP
ajfa-16655	408	3	the	the	DET
ajfa-16655	408	4	european	european	ADJ
ajfa-16655	408	5	economy	economy	NOUN
ajfa-16655	408	6	.	.	PUNCT
ajfa-16655	409	1	in	in	ADP
ajfa-16655	409	2	ceps	ceps	ADJ
ajfa-16655	409	3	workshop	workshop	NOUN
ajfa-16655	409	4	on	on	ADP
ajfa-16655	409	5	intangibles	intangible	NOUN
ajfa-16655	409	6	in	in	ADP
ajfa-16655	409	7	the	the	DET
ajfa-16655	409	8	european	european	ADJ
ajfa-16655	409	9	economy	economy	NOUN
ajfa-16655	409	10	.	.	PUNCT
ajfa-16655	410	1	brussels	brussels	PROPN
ajfa-16655	410	2	.	.	PUNCT
ajfa-16655	411	1	noradiva	noradiva	PROPN
ajfa-16655	411	2	,	,	PUNCT
ajfa-16655	411	3	h.	h.	PROPN
ajfa-16655	411	4	,	,	PUNCT
ajfa-16655	411	5	parastou	parastou	PROPN
ajfa-16655	411	6	,	,	PUNCT
ajfa-16655	411	7	a.	a.	PROPN
ajfa-16655	411	8	,	,	PUNCT
ajfa-16655	411	9	&	&	CCONJ
ajfa-16655	411	10	azlina	azlina	PROPN
ajfa-16655	411	11	,	,	PUNCT
ajfa-16655	411	12	a.	a.	PROPN
ajfa-16655	411	13	(	(	PUNCT
ajfa-16655	411	14	2016	2016	NUM
ajfa-16655	411	15	)	)	PUNCT
ajfa-16655	411	16	.	.	PUNCT
ajfa-16655	412	1	the	the	DET
ajfa-16655	412	2	effects	effect	NOUN
ajfa-16655	412	3	of	of	ADP
ajfa-16655	412	4	managerial	managerial	ADJ
ajfa-16655	412	5	ownership	ownership	NOUN
ajfa-16655	412	6	on	on	ADP
ajfa-16655	412	7	the	the	DET
ajfa-16655	412	8	relationship	relationship	NOUN
ajfa-16655	412	9	between	between	ADP
ajfa-16655	412	10	intellectual	intellectual	ADJ
ajfa-16655	412	11	capital	capital	NOUN
ajfa-16655	412	12	performance	performance	NOUN
ajfa-16655	412	13	and	and	CCONJ
ajfa-16655	412	14	firm	firm	ADJ
ajfa-16655	412	15	value	value	NOUN
ajfa-16655	412	16	.	.	PUNCT
ajfa-16655	413	1	international	international	ADJ
ajfa-16655	413	2	journal	journal	NOUN
ajfa-16655	413	3	of	of	ADP
ajfa-16655	413	4	social	social	ADJ
ajfa-16655	413	5	science	science	NOUN
ajfa-16655	413	6	and	and	CCONJ
ajfa-16655	413	7	humanity	humanity	NOUN
ajfa-16655	413	8	,	,	PUNCT
ajfa-16655	413	9	6(7	6(7	NUM
ajfa-16655	413	10	)	)	PUNCT
ajfa-16655	413	11	,	,	PUNCT
ajfa-16655	413	12	514	514	NUM
ajfa-16655	413	13	.	.	PUNCT
ajfa-16655	414	1	https://doi.org/10.7763/ijssh.2016.v6.702	https://doi.org/10.7763/ijssh.2016.v6.702	PROPN
ajfa-16655	414	2	nuryaman	nuryaman	PROPN
ajfa-16655	414	3	,	,	PUNCT
ajfa-16655	414	4	n.	n.	NOUN
ajfa-16655	414	5	(	(	PUNCT
ajfa-16655	414	6	2015	2015	NUM
ajfa-16655	414	7	)	)	PUNCT
ajfa-16655	414	8	.	.	PUNCT
ajfa-16655	415	1	the	the	DET
ajfa-16655	415	2	influence	influence	NOUN
ajfa-16655	415	3	of	of	ADP
ajfa-16655	415	4	intellectual	intellectual	ADJ
ajfa-16655	415	5	capital	capital	NOUN
ajfa-16655	415	6	on	on	ADP
ajfa-16655	415	7	the	the	DET
ajfa-16655	415	8	firm	firm	NOUN
ajfa-16655	415	9	’s	’s	PART
ajfa-16655	415	10	value	value	NOUN
ajfa-16655	415	11	with	with	ADP
ajfa-16655	415	12	the	the	DET
ajfa-16655	415	13	financial	financial	ADJ
ajfa-16655	415	14	performance	performance	NOUN
ajfa-16655	415	15	as	as	ADP
ajfa-16655	415	16	intervening	intervene	VERB
ajfa-16655	415	17	variable	variable	NOUN
ajfa-16655	415	18	.	.	PUNCT
ajfa-16655	416	1	procedia	procedia	ADJ
ajfa-16655	416	2	–	–	PUNCT
ajfa-16655	416	3	social	social	ADJ
ajfa-16655	416	4	and	and	CCONJ
ajfa-16655	416	5	behavioral	behavioral	ADJ
ajfa-16655	416	6	sciences	science	NOUN
ajfa-16655	416	7	,	,	PUNCT
ajfa-16655	416	8	211	211	NUM
ajfa-16655	416	9	,	,	PUNCT
ajfa-16655	416	10	292	292	NUM
ajfa-16655	416	11	-	-	SYM
ajfa-16655	416	12	298	298	NUM
ajfa-16655	416	13	.	.	PUNCT
ajfa-16655	417	1	https://doi.org/10.1016/j.sbspro.2015.11.037	https://doi.org/10.1016/j.sbspro.2015.11.037	VERB
ajfa-16655	417	2	oecd	oecd	PROPN
ajfa-16655	417	3	.	.	PUNCT
ajfa-16655	418	1	(	(	PUNCT
ajfa-16655	418	2	2011	2011	NUM
ajfa-16655	418	3	)	)	PUNCT
ajfa-16655	418	4	.	.	PUNCT
ajfa-16655	419	1	oecd	oecd	PROPN
ajfa-16655	419	2	mrl	mrl	PROPN
ajfa-16655	419	3	calculator	calculator	PROPN
ajfa-16655	419	4	:	:	PUNCT
ajfa-16655	419	5	spreadsheet	spreadsheet	PROPN
ajfa-16655	419	6	for	for	ADP
ajfa-16655	419	7	single	single	ADJ
ajfa-16655	419	8	data	datum	NOUN
ajfa-16655	419	9	set	set	VERB
ajfa-16655	419	10	and	and	CCONJ
ajfa-16655	419	11	spreadsheet	spreadsheet	NOUN
ajfa-16655	419	12	for	for	ADP
ajfa-16655	419	13	multiple	multiple	ADJ
ajfa-16655	419	14	data	datum	NOUN
ajfa-16655	419	15	set	set	VERB
ajfa-16655	419	16	,	,	PUNCT
ajfa-16655	419	17	2	2	NUM
ajfa-16655	419	18	march	march	NOUN
ajfa-16655	419	19	2011	2011	NUM
ajfa-16655	419	20	.	.	PUNCT
ajfa-16655	420	1	ozkan	ozkan	PROPN
ajfa-16655	420	2	,	,	PUNCT
ajfa-16655	420	3	n.	n.	NOUN
ajfa-16655	420	4	,	,	PUNCT
ajfa-16655	420	5	cakan	cakan	PROPN
ajfa-16655	420	6	,	,	PUNCT
ajfa-16655	420	7	s.	s.	PROPN
ajfa-16655	420	8	,	,	PUNCT
ajfa-16655	420	9	&	&	CCONJ
ajfa-16655	420	10	kayacan	kayacan	PROPN
ajfa-16655	420	11	,	,	PUNCT
ajfa-16655	420	12	m.	m.	NOUN
ajfa-16655	420	13	(	(	PUNCT
ajfa-16655	420	14	2017	2017	NUM
ajfa-16655	420	15	)	)	PUNCT
ajfa-16655	420	16	.	.	PUNCT
ajfa-16655	421	1	intellectual	intellectual	ADJ
ajfa-16655	421	2	capital	capital	NOUN
ajfa-16655	421	3	and	and	CCONJ
ajfa-16655	421	4	financial	financial	ADJ
ajfa-16655	421	5	performance	performance	NOUN
ajfa-16655	421	6	:	:	PUNCT
ajfa-16655	421	7	a	a	DET
ajfa-16655	421	8	study	study	NOUN
ajfa-16655	421	9	of	of	ADP
ajfa-16655	421	10	the	the	DET
ajfa-16655	421	11	turkish	turkish	ADJ
ajfa-16655	421	12	banking	banking	NOUN
ajfa-16655	421	13	sector	sector	NOUN
ajfa-16655	421	14	.	.	PUNCT
ajfa-16655	422	1	borsa	borsa	PROPN
ajfa-16655	422	2	istanbul	istanbul	PROPN
ajfa-16655	422	3	review	review	PROPN
ajfa-16655	422	4	,	,	PUNCT
ajfa-16655	422	5	17(3	17(3	NUM
ajfa-16655	422	6	)	)	PUNCT
ajfa-16655	422	7	,	,	PUNCT
ajfa-16655	422	8	190	190	NUM
ajfa-16655	422	9	-	-	SYM
ajfa-16655	422	10	198	198	NUM
ajfa-16655	422	11	.	.	PUNCT
ajfa-16655	423	1	https://doi.org/10.1016/j.bir.2016.03.001	https://doi.org/10.1016/j.bir.2016.03.001	PROPN
ajfa-16655	423	2	peters	peters	PROPN
ajfa-16655	423	3	,	,	PUNCT
ajfa-16655	423	4	r.	r.	PROPN
ajfa-16655	423	5	h.	h.	PROPN
ajfa-16655	423	6	,	,	PUNCT
ajfa-16655	423	7	&	&	CCONJ
ajfa-16655	423	8	taylor	taylor	PROPN
ajfa-16655	423	9	,	,	PUNCT
ajfa-16655	423	10	l.	l.	PROPN
ajfa-16655	423	11	a.	a.	PROPN
ajfa-16655	423	12	(	(	PUNCT
ajfa-16655	423	13	2017	2017	NUM
ajfa-16655	423	14	)	)	PUNCT
ajfa-16655	423	15	.	.	PUNCT
ajfa-16655	424	1	intangible	intangible	ADJ
ajfa-16655	424	2	capital	capital	NOUN
ajfa-16655	424	3	and	and	CCONJ
ajfa-16655	424	4	the	the	DET
ajfa-16655	424	5	investment	investment	NOUN
ajfa-16655	424	6	-	-	PUNCT
ajfa-16655	424	7	q	q	NOUN
ajfa-16655	424	8	relation	relation	NOUN
ajfa-16655	424	9	.	.	PUNCT
ajfa-16655	425	1	journal	journal	PROPN
ajfa-16655	425	2	of	of	ADP
ajfa-16655	425	3	financial	financial	ADJ
ajfa-16655	425	4	economics	economic	NOUN
ajfa-16655	425	5	,	,	PUNCT
ajfa-16655	425	6	123(2	123(2	NUM
ajfa-16655	425	7	)	)	PUNCT
ajfa-16655	425	8	,	,	PUNCT
ajfa-16655	425	9	251	251	NUM
ajfa-16655	425	10	-	-	SYM
ajfa-16655	425	11	272	272	NUM
ajfa-16655	425	12	.	.	PUNCT
ajfa-16655	426	1	https://doi.org/10.1016/j.fineco.2016.03.011	https://doi.org/10.1016/j.fineco.2016.03.011	VERB
ajfa-16655	426	2	roos	roo	NOUN
ajfa-16655	426	3	,	,	PUNCT
ajfa-16655	426	4	g.	g.	PROPN
ajfa-16655	426	5	,	,	PUNCT
ajfa-16655	426	6	&	&	CCONJ
ajfa-16655	426	7	roos	roos	PROPN
ajfa-16655	426	8	,	,	PUNCT
ajfa-16655	426	9	j.	j.	PROPN
ajfa-16655	426	10	(	(	PUNCT
ajfa-16655	426	11	1997	1997	NUM
ajfa-16655	426	12	)	)	PUNCT
ajfa-16655	426	13	.	.	PUNCT
ajfa-16655	427	1	measuring	measure	VERB
ajfa-16655	427	2	your	your	PRON
ajfa-16655	427	3	company	company	NOUN
ajfa-16655	427	4	's	's	PART
ajfa-16655	427	5	intellectual	intellectual	ADJ
ajfa-16655	427	6	performance	performance	NOUN
ajfa-16655	427	7	.	.	PUNCT
ajfa-16655	428	1	long	long	ADJ
ajfa-16655	428	2	range	range	NOUN
ajfa-16655	428	3	planning	planning	NOUN
ajfa-16655	428	4	,	,	PUNCT
ajfa-16655	428	5	30(3	30(3	NUM
ajfa-16655	428	6	)	)	PUNCT
ajfa-16655	428	7	,	,	PUNCT
ajfa-16655	428	8	413	413	NUM
ajfa-16655	428	9	-	-	SYM
ajfa-16655	428	10	426	426	NUM
ajfa-16655	428	11	.	.	PUNCT
ajfa-16655	429	1	https://doi.org/10.1016/s0024-6301(97)90260-0	https://doi.org/10.1016/s0024-6301(97)90260-0	PROPN
ajfa-16655	429	2	sougiannis	sougiannis	NOUN
ajfa-16655	429	3	,	,	PUNCT
ajfa-16655	429	4	t.	t.	PROPN
ajfa-16655	429	5	(	(	PUNCT
ajfa-16655	429	6	1994	1994	NUM
ajfa-16655	429	7	)	)	PUNCT
ajfa-16655	429	8	.	.	PUNCT
ajfa-16655	430	1	the	the	DET
ajfa-16655	430	2	accounting	accounting	NOUN
ajfa-16655	430	3	based	base	VERB
ajfa-16655	430	4	valuation	valuation	NOUN
ajfa-16655	430	5	of	of	ADP
ajfa-16655	430	6	corporate	corporate	ADJ
ajfa-16655	430	7	r&d	r&d	NOUN
ajfa-16655	430	8	.	.	PUNCT
ajfa-16655	431	1	accounting	accounting	PROPN
ajfa-16655	431	2	review	review	PROPN
ajfa-16655	431	3	,	,	PUNCT
ajfa-16655	431	4	44	44	NUM
ajfa-16655	431	5	-	-	SYM
ajfa-16655	431	6	68	68	NUM
ajfa-16655	431	7	.	.	PUNCT
ajfa-16655	432	1	sveiby	sveiby	PROPN
ajfa-16655	432	2	,	,	PUNCT
ajfa-16655	432	3	k.	k.	PROPN
ajfa-16655	432	4	e.	e.	PROPN
ajfa-16655	432	5	(	(	PUNCT
ajfa-16655	432	6	1998	1998	NUM
ajfa-16655	432	7	)	)	PUNCT
ajfa-16655	432	8	.	.	PUNCT
ajfa-16655	433	1	intellectual	intellectual	ADJ
ajfa-16655	433	2	capital	capital	NOUN
ajfa-16655	433	3	:	:	PUNCT
ajfa-16655	433	4	thinking	think	VERB
ajfa-16655	433	5	ahead	ahead	ADV
ajfa-16655	433	6	.	.	PUNCT
ajfa-16655	434	1	australian	australian	ADJ
ajfa-16655	434	2	cpa	cpa	NOUN
ajfa-16655	434	3	,	,	PUNCT
ajfa-16655	434	4	68	68	NUM
ajfa-16655	434	5	,	,	PUNCT
ajfa-16655	434	6	18	18	NUM
ajfa-16655	434	7	-	-	SYM
ajfa-16655	434	8	23	23	NUM
ajfa-16655	434	9	.	.	PUNCT
ajfa-16655	435	1	vodák	vodák	NOUN
ajfa-16655	435	2	,	,	PUNCT
ajfa-16655	435	3	j.	j.	PROPN
ajfa-16655	435	4	(	(	PUNCT
ajfa-16655	435	5	2011	2011	NUM
ajfa-16655	435	6	)	)	PUNCT
ajfa-16655	435	7	.	.	PUNCT
ajfa-16655	436	1	the	the	DET
ajfa-16655	436	2	importance	importance	NOUN
ajfa-16655	436	3	of	of	ADP
ajfa-16655	436	4	intangible	intangible	ADJ
ajfa-16655	436	5	assets	asset	NOUN
ajfa-16655	436	6	for	for	ADP
ajfa-16655	436	7	making	make	VERB
ajfa-16655	436	8	the	the	DET
ajfa-16655	436	9	company	company	NOUN
ajfa-16655	436	10	’s	’s	PART
ajfa-16655	436	11	value	value	NOUN
ajfa-16655	436	12	.	.	PUNCT
ajfa-16655	437	1	human	human	ADJ
ajfa-16655	437	2	resources	resource	NOUN
ajfa-16655	437	3	management	management	NOUN
ajfa-16655	437	4	&	&	CCONJ
ajfa-16655	437	5	ergonomics	ergonomic	NOUN
ajfa-16655	437	6	,	,	PUNCT
ajfa-16655	437	7	5(2	5(2	NUM
ajfa-16655	437	8	)	)	PUNCT
ajfa-16655	437	9	,	,	PUNCT
ajfa-16655	437	10	104	104	NUM
ajfa-16655	437	11	-	-	SYM
ajfa-16655	437	12	119	119	NUM
ajfa-16655	437	13	.	.	PUNCT
ajfa-16655	438	1	https://doi.org/10.11118/actaun201866020431	https://doi.org/10.11118/actaun201866020431	PROPN
ajfa-16655	438	2	yahaya	yahaya	PROPN
ajfa-16655	438	3	,	,	PUNCT
ajfa-16655	438	4	o.	o.	PROPN
ajfa-16655	438	5	a.	a.	PROPN
ajfa-16655	438	6	,	,	PUNCT
ajfa-16655	438	7	&	&	CCONJ
ajfa-16655	438	8	lamidi	lamidi	PROPN
ajfa-16655	438	9	,	,	PUNCT
ajfa-16655	438	10	y.	y.	NOUN
ajfa-16655	438	11	(	(	PUNCT
ajfa-16655	438	12	2015	2015	NUM
ajfa-16655	438	13	)	)	PUNCT
ajfa-16655	438	14	.	.	PUNCT
ajfa-16655	439	1	empirical	empirical	ADJ
ajfa-16655	439	2	examination	examination	NOUN
ajfa-16655	439	3	of	of	ADP
ajfa-16655	439	4	the	the	DET
ajfa-16655	439	5	financial	financial	ADJ
ajfa-16655	439	6	performance	performance	NOUN
ajfa-16655	439	7	of	of	ADP
ajfa-16655	439	8	islamic	islamic	ADJ
ajfa-16655	439	9	banking	banking	NOUN
ajfa-16655	439	10	in	in	ADP
ajfa-16655	439	11	nigeria	nigeria	PROPN
ajfa-16655	439	12	:	:	PUNCT
ajfa-16655	439	13	a	a	DET
ajfa-16655	439	14	case	case	NOUN
ajfa-16655	439	15	study	study	NOUN
ajfa-16655	439	16	approach	approach	NOUN
ajfa-16655	439	17	.	.	PUNCT
ajfa-16655	440	1	international	international	ADJ
ajfa-16655	440	2	journal	journal	NOUN
ajfa-16655	440	3	of	of	ADP
ajfa-16655	440	4	accounting	accounting	NOUN
ajfa-16655	440	5	research	research	NOUN
ajfa-16655	440	6	,	,	PUNCT
ajfa-16655	440	7	42(2437	42(2437	NUM
ajfa-16655	440	8	)	)	PUNCT
ajfa-16655	440	9	,	,	PUNCT
ajfa-16655	440	10	1	1	NUM
ajfa-16655	440	11	-	-	SYM
ajfa-16655	440	12	13	13	NUM
ajfa-16655	440	13	.	.	PUNCT
ajfa-16655	441	1	https://doi.org/10.12816/0017347	https://doi.org/10.12816/0017347	ADJ
ajfa-16655	441	2	zeb	zeb	PROPN
ajfa-16655	441	3	,	,	PUNCT
ajfa-16655	441	4	s.	s.	PROPN
ajfa-16655	441	5	,	,	PUNCT
ajfa-16655	441	6	&	&	CCONJ
ajfa-16655	441	7	rashid	rashid	PROPN
ajfa-16655	441	8	,	,	PUNCT
ajfa-16655	441	9	a.	a.	NOUN
ajfa-16655	441	10	(	(	PUNCT
ajfa-16655	441	11	2016	2016	NUM
ajfa-16655	441	12	)	)	PUNCT
ajfa-16655	441	13	.	.	PUNCT
ajfa-16655	442	1	impact	impact	NOUN
ajfa-16655	442	2	of	of	ADP
ajfa-16655	442	3	financial	financial	ADJ
ajfa-16655	442	4	health	health	NOUN
ajfa-16655	442	5	and	and	CCONJ
ajfa-16655	442	6	capital	capital	NOUN
ajfa-16655	442	7	structure	structure	NOUN
ajfa-16655	442	8	on	on	ADP
ajfa-16655	442	9	firm	firm	NOUN
ajfa-16655	442	10	's	's	PART
ajfa-16655	442	11	value	value	NOUN
ajfa-16655	442	12	,	,	PUNCT
ajfa-16655	442	13	with	with	ADP
ajfa-16655	442	14	moderating	moderate	VERB
ajfa-16655	442	15	role	role	NOUN
ajfa-16655	442	16	of	of	ADP
ajfa-16655	442	17	intangible	intangible	ADJ
ajfa-16655	442	18	assets	asset	NOUN
ajfa-16655	442	19	.	.	PUNCT
ajfa-16655	443	1	global	global	ADJ
ajfa-16655	443	2	management	management	PROPN
ajfa-16655	443	3	journal	journal	PROPN
ajfa-16655	443	4	for	for	ADP
ajfa-16655	443	5	academic	academic	ADJ
ajfa-16655	443	6	&	&	CCONJ
ajfa-16655	443	7	corporate	corporate	ADJ
ajfa-16655	443	8	studies	study	NOUN
ajfa-16655	443	9	,	,	PUNCT
ajfa-16655	443	10	6(1	6(1	NUM
ajfa-16655	443	11	)	)	PUNCT
ajfa-16655	443	12	,	,	PUNCT
ajfa-16655	443	13	37	37	NUM
ajfa-16655	443	14	.	.	PUNCT
ajfa-16655	444	1	https://doi.org/10.1515/aicue-2017-0006	https://doi.org/10.1515/aicue-2017-0006	PROPN
ajfa-16655	444	2	https://doi.org/10.7763/ijssh.2016.v6.702	https://doi.org/10.7763/ijssh.2016.v6.702	PROPN
ajfa-16655	444	3	https://doi.org/10.1016/j.sbspro.2015.11.037	https://doi.org/10.1016/j.sbspro.2015.11.037	VERB
ajfa-16655	444	4	https://doi.org/10.1016/j.bir.2016.03.001	https://doi.org/10.1016/j.bir.2016.03.001	NOUN
ajfa-16655	444	5	https://doi.org/10.1016/j.fineco.2016.03.011	https://doi.org/10.1016/j.fineco.2016.03.011	ADP
ajfa-16655	444	6	https://doi.org/10.1016/s0024-6301(97)90260-0	https://doi.org/10.1016/s0024-6301(97)90260-0	ADV
ajfa-16655	444	7	https://doi.org/10.11118/actaun201866020431	https://doi.org/10.11118/actaun201866020431	VERB
ajfa-16655	444	8	https://doi.org/10.12816/0017347	https://doi.org/10.12816/0017347	ADJ
ajfa-16655	444	9	asian	asian	ADJ
ajfa-16655	444	10	journal	journal	NOUN
ajfa-16655	444	11	of	of	ADP
ajfa-16655	444	12	finance	finance	PROPN
ajfa-16655	444	13	&	&	CCONJ
ajfa-16655	444	14	accounting	accounting	PROPN
ajfa-16655	444	15	issn	issn	PROPN
ajfa-16655	444	16	1946	1946	NUM
ajfa-16655	444	17	-	-	PUNCT
ajfa-16655	444	18	052x	052x	NOUN
ajfa-16655	444	19	2020	2020	NUM
ajfa-16655	444	20	,	,	PUNCT
ajfa-16655	444	21	vol	vol	NOUN
ajfa-16655	444	22	.	.	PROPN
ajfa-16655	444	23	12	12	NUM
ajfa-16655	444	24	,	,	PUNCT
ajfa-16655	444	25	no	no	INTJ
ajfa-16655	444	26	.	.	NOUN
ajfa-16655	444	27	1	1	NUM
ajfa-16655	444	28	ajfa.macrothink.org/	ajfa.macrothink.org/	PROPN
ajfa-16655	444	29	57	57	NUM
ajfa-16655	444	30	zhang	zhang	PROPN
ajfa-16655	444	31	,	,	PUNCT
ajfa-16655	444	32	l.	l.	PROPN
ajfa-16655	444	33	,	,	PUNCT
ajfa-16655	444	34	pei	pei	PROPN
ajfa-16655	444	35	,	,	PUNCT
ajfa-16655	444	36	d.	d.	PROPN
ajfa-16655	444	37	,	,	PUNCT
ajfa-16655	444	38	&	&	CCONJ
ajfa-16655	444	39	vasarhelyi	vasarhelyi	PROPN
ajfa-16655	444	40	,	,	PUNCT
ajfa-16655	444	41	m.	m.	NOUN
ajfa-16655	444	42	a.	a.	NOUN
ajfa-16655	444	43	(	(	PUNCT
ajfa-16655	444	44	2017	2017	NUM
ajfa-16655	444	45	)	)	PUNCT
ajfa-16655	444	46	.	.	PUNCT
ajfa-16655	445	1	toward	toward	ADP
ajfa-16655	445	2	a	a	DET
ajfa-16655	445	3	new	new	ADJ
ajfa-16655	445	4	business	business	NOUN
ajfa-16655	445	5	reporting	reporting	NOUN
ajfa-16655	445	6	model	model	NOUN
ajfa-16655	445	7	.	.	PUNCT
ajfa-16655	446	1	journal	journal	NOUN
ajfa-16655	446	2	of	of	ADP
ajfa-16655	446	3	emerging	emerge	VERB
ajfa-16655	446	4	technologies	technology	NOUN
ajfa-16655	446	5	in	in	ADP
ajfa-16655	446	6	accounting	accounting	NOUN
ajfa-16655	446	7	,	,	PUNCT
ajfa-16655	446	8	14(2	14(2	NUM
ajfa-16655	446	9	)	)	PUNCT
ajfa-16655	446	10	,	,	PUNCT
ajfa-16655	446	11	1	1	NUM
ajfa-16655	446	12	-	-	SYM
ajfa-16655	446	13	15	15	NUM
ajfa-16655	446	14	.	.	PUNCT
ajfa-16655	447	1	https://doi.org/10.2308/jeta-10570	https://doi.org/10.2308/jeta-10570	PROPN
ajfa-16655	447	2	zhang	zhang	PROPN
ajfa-16655	447	3	,	,	PUNCT
ajfa-16655	447	4	n.	n.	PROPN
ajfa-16655	447	5	(	(	PUNCT
ajfa-16655	447	6	2017	2017	NUM
ajfa-16655	447	7	)	)	PUNCT
ajfa-16655	447	8	.	.	PUNCT
ajfa-16655	448	1	relationship	relationship	NOUN
ajfa-16655	448	2	between	between	ADP
ajfa-16655	448	3	intangible	intangible	ADJ
ajfa-16655	448	4	assets	asset	NOUN
ajfa-16655	448	5	and	and	CCONJ
ajfa-16655	448	6	financial	financial	ADJ
ajfa-16655	448	7	performance	performance	NOUN
ajfa-16655	448	8	of	of	ADP
ajfa-16655	448	9	listed	list	VERB
ajfa-16655	448	10	telecommunication	telecommunication	NOUN
ajfa-16655	448	11	firms	firm	NOUN
ajfa-16655	448	12	in	in	ADP
ajfa-16655	448	13	china	china	PROPN
ajfa-16655	448	14	,	,	PUNCT
ajfa-16655	448	15	base	base	NOUN
ajfa-16655	448	16	on	on	ADP
ajfa-16655	448	17	empirical	empirical	ADJ
ajfa-16655	448	18	analysis	analysis	NOUN
ajfa-16655	448	19	.	.	PUNCT
ajfa-16655	449	1	african	african	ADJ
ajfa-16655	449	2	journal	journal	PROPN
ajfa-16655	449	3	of	of	ADP
ajfa-16655	449	4	business	business	NOUN
ajfa-16655	449	5	management	management	NOUN
ajfa-16655	449	6	,	,	PUNCT
ajfa-16655	449	7	11(24	11(24	NUM
ajfa-16655	449	8	)	)	PUNCT
ajfa-16655	449	9	,	,	PUNCT
ajfa-16655	449	10	751	751	NUM
ajfa-16655	449	11	-	-	SYM
ajfa-16655	449	12	757	757	NUM
ajfa-16655	449	13	.	.	PUNCT
ajfa-16655	450	1	copyright	copyright	NOUN
ajfa-16655	450	2	disclaimer	disclaimer	ADJ
ajfa-16655	450	3	copyright	copyright	NOUN
ajfa-16655	450	4	for	for	ADP
ajfa-16655	450	5	this	this	DET
ajfa-16655	450	6	article	article	NOUN
ajfa-16655	450	7	is	be	AUX
ajfa-16655	450	8	retained	retain	VERB
ajfa-16655	450	9	by	by	ADP
ajfa-16655	450	10	the	the	DET
ajfa-16655	450	11	author(s	author(s	PROPN
ajfa-16655	450	12	)	)	PUNCT
ajfa-16655	450	13	,	,	PUNCT
ajfa-16655	450	14	with	with	ADP
ajfa-16655	450	15	first	first	ADJ
ajfa-16655	450	16	publication	publication	NOUN
ajfa-16655	450	17	right	right	ADV
ajfa-16655	450	18	granted	grant	VERB
ajfa-16655	450	19	to	to	ADP
ajfa-16655	450	20	the	the	DET
ajfa-16655	450	21	journal	journal	NOUN
ajfa-16655	450	22	.	.	PUNCT
ajfa-16655	451	1	this	this	PRON
ajfa-16655	451	2	is	be	AUX
ajfa-16655	451	3	open	open	ADJ
ajfa-16655	451	4	-	-	PUNCT
ajfa-16655	451	5	access	access	NOUN
ajfa-16655	451	6	article	article	NOUN
ajfa-16655	451	7	distributed	distribute	VERB
ajfa-16655	451	8	under	under	ADP
ajfa-16655	451	9	the	the	DET
ajfa-16655	451	10	terms	term	NOUN
ajfa-16655	451	11	and	and	CCONJ
ajfa-16655	451	12	conditions	condition	NOUN
ajfa-16655	451	13	of	of	ADP
ajfa-16655	451	14	the	the	DET
ajfa-16655	451	15	creative	creative	ADJ
ajfa-16655	451	16	commons	common	NOUN
ajfa-16655	451	17	attribution	attribution	NOUN
ajfa-16655	451	18	license	license	NOUN
ajfa-16655	451	19	(	(	PUNCT
ajfa-16655	451	20	http://creativecommons.org/license/by/4.0	http://creativecommons.org/license/by/4.0	NOUN
ajfa-16655	451	21	)	)	PUNCT
ajfa-16655	451	22	.	.	PUNCT
ajfa-16655	452	1	https://doi.org/10.2308/jeta-10570	https://doi.org/10.2308/jeta-10570	PROPN