id	sid	tid	token	lemma	pos
ajfa-1705	1	1	microsoft	microsoft	PROPN
ajfa-1705	1	2	word	word	PROPN
ajfa-1705	1	3	paper	paper	NOUN
ajfa-1705	1	4	template	template	NOUN
ajfa-1705	1	5	-	-	PUNCT
ajfa-1705	1	6	writer2	writer2	VERB
ajfa-1705	1	7	-	-	ADJ
ajfa-1705	1	8	new	new	ADJ
ajfa-1705	1	9	asian	asian	ADJ
ajfa-1705	1	10	journal	journal	NOUN
ajfa-1705	1	11	of	of	ADP
ajfa-1705	1	12	finance	finance	PROPN
ajfa-1705	1	13	&	&	CCONJ
ajfa-1705	1	14	accounting	accounting	PROPN
ajfa-1705	1	15	issn	issn	PROPN
ajfa-1705	1	16	1946	1946	NUM
ajfa-1705	1	17	-	-	PUNCT
ajfa-1705	1	18	052x	052x	NOUN
ajfa-1705	1	19	2012	2012	NUM
ajfa-1705	1	20	,	,	PUNCT
ajfa-1705	1	21	vol	vol	NOUN
ajfa-1705	1	22	.	.	PROPN
ajfa-1705	1	23	4	4	NUM
ajfa-1705	1	24	,	,	PUNCT
ajfa-1705	1	25	no	no	INTJ
ajfa-1705	1	26	.	.	NOUN
ajfa-1705	1	27	1	1	NUM
ajfa-1705	1	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	1	29	299	299	NUM
ajfa-1705	1	30	stock	stock	NOUN
ajfa-1705	1	31	market	market	NOUN
ajfa-1705	1	32	reaction	reaction	NOUN
ajfa-1705	1	33	to	to	ADP
ajfa-1705	1	34	good	good	ADJ
ajfa-1705	1	35	and	and	CCONJ
ajfa-1705	1	36	bad	bad	ADJ
ajfa-1705	1	37	political	political	ADJ
ajfa-1705	1	38	news	news	NOUN
ajfa-1705	1	39	muhammad	muhammad	PROPN
ajfa-1705	1	40	tahir	tahir	PROPN
ajfa-1705	1	41	suleman	suleman	PROPN
ajfa-1705	1	42	school	school	PROPN
ajfa-1705	1	43	of	of	ADP
ajfa-1705	1	44	economics	economic	NOUN
ajfa-1705	1	45	and	and	CCONJ
ajfa-1705	1	46	finance	finance	PROPN
ajfa-1705	1	47	victoria	victoria	PROPN
ajfa-1705	1	48	university	university	PROPN
ajfa-1705	1	49	of	of	ADP
ajfa-1705	1	50	wellington	wellington	PROPN
ajfa-1705	1	51	po	po	PROPN
ajfa-1705	1	52	box	box	PROPN
ajfa-1705	1	53	600	600	NUM
ajfa-1705	1	54	,	,	PUNCT
ajfa-1705	1	55	wellington	wellington	PROPN
ajfa-1705	1	56	6140	6140	NUM
ajfa-1705	1	57	,	,	PUNCT
ajfa-1705	2	1	new	new	PROPN
ajfa-1705	2	2	zealand	zealand	PROPN
ajfa-1705	2	3	tel	tel	PROPN
ajfa-1705	2	4	:	:	PUNCT
ajfa-1705	2	5	64	64	NUM
ajfa-1705	2	6	-	-	SYM
ajfa-1705	2	7	220	220	NUM
ajfa-1705	2	8	-	-	PUNCT
ajfa-1705	2	9	744981	744981	NUM
ajfa-1705	2	10	e	e	NOUN
ajfa-1705	2	11	-	-	NOUN
ajfa-1705	2	12	mail	mail	NOUN
ajfa-1705	2	13	:	:	PUNCT
ajfa-1705	2	14	tahir.suleman@vuw.ac.nz	tahir.suleman@vuw.ac.nz	NOUN
ajfa-1705	2	15	received	receive	VERB
ajfa-1705	2	16	:	:	PUNCT
ajfa-1705	2	17	april	april	PROPN
ajfa-1705	2	18	24	24	NUM
ajfa-1705	2	19	,	,	PUNCT
ajfa-1705	2	20	2012	2012	NUM
ajfa-1705	2	21	accepted	accept	VERB
ajfa-1705	2	22	:	:	PUNCT
ajfa-1705	2	23	may	may	AUX
ajfa-1705	2	24	8	8	NUM
ajfa-1705	2	25	,	,	PUNCT
ajfa-1705	2	26	2012	2012	NUM
ajfa-1705	2	27	published	publish	VERB
ajfa-1705	2	28	:	:	PUNCT
ajfa-1705	2	29	june	june	PROPN
ajfa-1705	2	30	1	1	NUM
ajfa-1705	2	31	,	,	PUNCT
ajfa-1705	2	32	2012	2012	NUM
ajfa-1705	2	33	doi:10.5296	doi:10.5296	NOUN
ajfa-1705	2	34	/	/	SYM
ajfa-1705	2	35	ajfa.v4i1.1705	ajfa.v4i1.1705	NUM
ajfa-1705	2	36	url	url	NOUN
ajfa-1705	2	37	:	:	PUNCT
ajfa-1705	2	38	http://dx.doi.org/10.5296/ajfa.v4i1.1705	http://dx.doi.org/10.5296/ajfa.v4i1.1705	X
ajfa-1705	2	39	abstract	abstract	ADJ
ajfa-1705	2	40	the	the	DET
ajfa-1705	2	41	purpose	purpose	NOUN
ajfa-1705	2	42	of	of	ADP
ajfa-1705	2	43	this	this	DET
ajfa-1705	2	44	study	study	NOUN
ajfa-1705	2	45	is	be	AUX
ajfa-1705	2	46	to	to	PART
ajfa-1705	2	47	analyze	analyze	VERB
ajfa-1705	2	48	the	the	DET
ajfa-1705	2	49	consequence	consequence	NOUN
ajfa-1705	2	50	of	of	ADP
ajfa-1705	2	51	political	political	ADJ
ajfa-1705	2	52	news	news	NOUN
ajfa-1705	2	53	on	on	ADP
ajfa-1705	2	54	stock	stock	NOUN
ajfa-1705	2	55	market	market	NOUN
ajfa-1705	2	56	returns	return	NOUN
ajfa-1705	2	57	and	and	CCONJ
ajfa-1705	2	58	hence	hence	ADV
ajfa-1705	2	59	its	its	PRON
ajfa-1705	2	60	volatility	volatility	NOUN
ajfa-1705	2	61	.	.	PUNCT
ajfa-1705	3	1	for	for	ADP
ajfa-1705	3	2	this	this	DET
ajfa-1705	3	3	purpose	purpose	NOUN
ajfa-1705	3	4	we	we	PRON
ajfa-1705	3	5	split	split	VERB
ajfa-1705	3	6	the	the	DET
ajfa-1705	3	7	political	political	ADJ
ajfa-1705	3	8	news	news	NOUN
ajfa-1705	3	9	into	into	ADP
ajfa-1705	3	10	two	two	NUM
ajfa-1705	3	11	categories	category	NOUN
ajfa-1705	3	12	(	(	PUNCT
ajfa-1705	3	13	good	good	ADJ
ajfa-1705	3	14	and	and	CCONJ
ajfa-1705	3	15	bad	bad	ADJ
ajfa-1705	3	16	news	news	NOUN
ajfa-1705	3	17	)	)	PUNCT
ajfa-1705	3	18	.	.	PUNCT
ajfa-1705	4	1	we	we	PRON
ajfa-1705	4	2	used	use	VERB
ajfa-1705	4	3	univariate	univariate	ADJ
ajfa-1705	4	4	asymmetric	asymmetric	ADJ
ajfa-1705	4	5	garch	garch	NOUN
ajfa-1705	4	6	model	model	NOUN
ajfa-1705	4	7	,	,	PUNCT
ajfa-1705	4	8	to	to	PART
ajfa-1705	4	9	gauge	gauge	VERB
ajfa-1705	4	10	the	the	DET
ajfa-1705	4	11	impact	impact	NOUN
ajfa-1705	4	12	of	of	ADP
ajfa-1705	4	13	political	political	ADJ
ajfa-1705	4	14	news	news	NOUN
ajfa-1705	4	15	on	on	ADP
ajfa-1705	4	16	returns	return	NOUN
ajfa-1705	4	17	and	and	CCONJ
ajfa-1705	4	18	volatility	volatility	NOUN
ajfa-1705	4	19	.	.	PUNCT
ajfa-1705	5	1	our	our	PRON
ajfa-1705	5	2	results	result	NOUN
ajfa-1705	5	3	show	show	VERB
ajfa-1705	5	4	that	that	SCONJ
ajfa-1705	5	5	good	good	ADJ
ajfa-1705	5	6	news	news	NOUN
ajfa-1705	5	7	have	have	VERB
ajfa-1705	5	8	positive	positive	ADJ
ajfa-1705	5	9	impact	impact	NOUN
ajfa-1705	5	10	on	on	ADP
ajfa-1705	5	11	the	the	DET
ajfa-1705	5	12	returns	return	NOUN
ajfa-1705	5	13	of	of	ADP
ajfa-1705	5	14	the	the	DET
ajfa-1705	5	15	kse100	kse100	PROPN
ajfa-1705	5	16	index	index	NOUN
ajfa-1705	5	17	and	and	CCONJ
ajfa-1705	5	18	also	also	ADV
ajfa-1705	5	19	decreased	decrease	VERB
ajfa-1705	5	20	the	the	DET
ajfa-1705	5	21	volatility	volatility	NOUN
ajfa-1705	5	22	.	.	PUNCT
ajfa-1705	6	1	on	on	ADP
ajfa-1705	6	2	the	the	DET
ajfa-1705	6	3	other	other	ADJ
ajfa-1705	6	4	hand	hand	NOUN
ajfa-1705	6	5	,	,	PUNCT
ajfa-1705	6	6	bad	bad	ADJ
ajfa-1705	6	7	political	political	ADJ
ajfa-1705	6	8	news	news	NOUN
ajfa-1705	6	9	has	have	VERB
ajfa-1705	6	10	negative	negative	ADJ
ajfa-1705	6	11	influence	influence	NOUN
ajfa-1705	6	12	on	on	ADP
ajfa-1705	6	13	the	the	DET
ajfa-1705	6	14	returns	return	NOUN
ajfa-1705	6	15	(	(	PUNCT
ajfa-1705	6	16	decrease	decrease	VERB
ajfa-1705	6	17	the	the	DET
ajfa-1705	6	18	returns	return	NOUN
ajfa-1705	6	19	)	)	PUNCT
ajfa-1705	6	20	and	and	CCONJ
ajfa-1705	6	21	increase	increase	VERB
ajfa-1705	6	22	the	the	DET
ajfa-1705	6	23	volatility	volatility	NOUN
ajfa-1705	6	24	(	(	PUNCT
ajfa-1705	6	25	positive	positive	ADJ
ajfa-1705	6	26	effect	effect	NOUN
ajfa-1705	6	27	)	)	PUNCT
ajfa-1705	6	28	.	.	PUNCT
ajfa-1705	7	1	further	far	ADV
ajfa-1705	7	2	,	,	PUNCT
ajfa-1705	7	3	our	our	PRON
ajfa-1705	7	4	results	result	NOUN
ajfa-1705	7	5	also	also	ADV
ajfa-1705	7	6	confirm	confirm	VERB
ajfa-1705	7	7	that	that	SCONJ
ajfa-1705	7	8	bad	bad	ADJ
ajfa-1705	7	9	news	news	NOUN
ajfa-1705	7	10	has	have	VERB
ajfa-1705	7	11	stronger	strong	ADJ
ajfa-1705	7	12	effect	effect	NOUN
ajfa-1705	7	13	(	(	PUNCT
ajfa-1705	7	14	almost	almost	ADV
ajfa-1705	7	15	double	double	ADJ
ajfa-1705	7	16	)	)	PUNCT
ajfa-1705	7	17	on	on	ADP
ajfa-1705	7	18	the	the	DET
ajfa-1705	7	19	volatility	volatility	NOUN
ajfa-1705	7	20	than	than	ADP
ajfa-1705	7	21	good	good	ADJ
ajfa-1705	7	22	news	news	NOUN
ajfa-1705	7	23	.	.	PUNCT
ajfa-1705	8	1	most	most	ADJ
ajfa-1705	8	2	of	of	ADP
ajfa-1705	8	3	the	the	DET
ajfa-1705	8	4	sectors	sector	NOUN
ajfa-1705	8	5	are	be	AUX
ajfa-1705	8	6	also	also	ADV
ajfa-1705	8	7	affected	affect	VERB
ajfa-1705	8	8	by	by	ADP
ajfa-1705	8	9	the	the	DET
ajfa-1705	8	10	good	good	ADJ
ajfa-1705	8	11	and	and	CCONJ
ajfa-1705	8	12	bad	bad	ADJ
ajfa-1705	8	13	news	news	NOUN
ajfa-1705	8	14	in	in	ADP
ajfa-1705	8	15	the	the	DET
ajfa-1705	8	16	same	same	ADJ
ajfa-1705	8	17	way	way	NOUN
ajfa-1705	8	18	as	as	ADP
ajfa-1705	8	19	kse100	kse100	PROPN
ajfa-1705	8	20	index	index	NOUN
ajfa-1705	8	21	.	.	PUNCT
ajfa-1705	9	1	we	we	PRON
ajfa-1705	9	2	also	also	ADV
ajfa-1705	9	3	find	find	VERB
ajfa-1705	9	4	that	that	SCONJ
ajfa-1705	9	5	the	the	DET
ajfa-1705	9	6	results	result	NOUN
ajfa-1705	9	7	of	of	ADP
ajfa-1705	9	8	a	a	DET
ajfa-1705	9	9	few	few	ADJ
ajfa-1705	9	10	sectors	sector	NOUN
ajfa-1705	9	11	(	(	PUNCT
ajfa-1705	9	12	oil	oil	NOUN
ajfa-1705	9	13	and	and	CCONJ
ajfa-1705	9	14	gas	gas	NOUN
ajfa-1705	9	15	,	,	PUNCT
ajfa-1705	9	16	financial	financial	ADJ
ajfa-1705	9	17	,	,	PUNCT
ajfa-1705	9	18	health	health	NOUN
ajfa-1705	9	19	care	care	NOUN
ajfa-1705	9	20	)	)	PUNCT
ajfa-1705	9	21	are	be	AUX
ajfa-1705	9	22	not	not	PART
ajfa-1705	9	23	statistically	statistically	ADV
ajfa-1705	9	24	significantly	significantly	ADV
ajfa-1705	9	25	in	in	ADP
ajfa-1705	9	26	respond	respond	NOUN
ajfa-1705	9	27	to	to	ADP
ajfa-1705	9	28	good	good	ADJ
ajfa-1705	9	29	and	and	CCONJ
ajfa-1705	9	30	bad	bad	ADJ
ajfa-1705	9	31	political	political	ADJ
ajfa-1705	9	32	news	news	NOUN
ajfa-1705	9	33	,	,	PUNCT
ajfa-1705	9	34	indicating	indicate	VERB
ajfa-1705	9	35	that	that	SCONJ
ajfa-1705	9	36	this	this	DET
ajfa-1705	9	37	type	type	NOUN
ajfa-1705	9	38	of	of	ADP
ajfa-1705	9	39	news	news	NOUN
ajfa-1705	9	40	does	do	AUX
ajfa-1705	9	41	not	not	PART
ajfa-1705	9	42	affect	affect	VERB
ajfa-1705	9	43	the	the	DET
ajfa-1705	9	44	returns	return	NOUN
ajfa-1705	9	45	or	or	CCONJ
ajfa-1705	9	46	volatility	volatility	NOUN
ajfa-1705	9	47	.	.	PUNCT
ajfa-1705	10	1	our	our	PRON
ajfa-1705	10	2	results	result	NOUN
ajfa-1705	10	3	show	show	VERB
ajfa-1705	10	4	that	that	SCONJ
ajfa-1705	10	5	the	the	DET
ajfa-1705	10	6	sectors	sector	NOUN
ajfa-1705	10	7	which	which	PRON
ajfa-1705	10	8	respond	respond	VERB
ajfa-1705	10	9	more	more	ADV
ajfa-1705	10	10	towards	towards	ADP
ajfa-1705	10	11	good	good	ADJ
ajfa-1705	10	12	news	news	NOUN
ajfa-1705	10	13	has	have	VERB
ajfa-1705	10	14	lower	low	ADJ
ajfa-1705	10	15	beta	beta	NOUN
ajfa-1705	10	16	,	,	PUNCT
ajfa-1705	10	17	suggesting	suggest	VERB
ajfa-1705	10	18	variance	variance	NOUN
ajfa-1705	10	19	moves	move	VERB
ajfa-1705	10	20	quickly	quickly	ADV
ajfa-1705	10	21	through	through	ADP
ajfa-1705	10	22	the	the	DET
ajfa-1705	10	23	time	time	NOUN
ajfa-1705	10	24	.	.	PUNCT
ajfa-1705	11	1	keywords	keyword	NOUN
ajfa-1705	11	2	:	:	PUNCT
ajfa-1705	11	3	political	political	ADJ
ajfa-1705	11	4	risk	risk	NOUN
ajfa-1705	11	5	,	,	PUNCT
ajfa-1705	11	6	good	good	ADJ
ajfa-1705	11	7	and	and	CCONJ
ajfa-1705	11	8	bad	bad	ADJ
ajfa-1705	11	9	news	news	NOUN
ajfa-1705	11	10	,	,	PUNCT
ajfa-1705	11	11	asymmetry	asymmetry	NOUN
ajfa-1705	11	12	,	,	PUNCT
ajfa-1705	11	13	egarch	egarch	NOUN
ajfa-1705	11	14	asian	asian	ADJ
ajfa-1705	11	15	journal	journal	PROPN
ajfa-1705	11	16	of	of	ADP
ajfa-1705	11	17	finance	finance	PROPN
ajfa-1705	11	18	&	&	CCONJ
ajfa-1705	11	19	accounting	accounting	PROPN
ajfa-1705	11	20	issn	issn	PROPN
ajfa-1705	11	21	1946	1946	NUM
ajfa-1705	11	22	-	-	PUNCT
ajfa-1705	11	23	052x	052x	NOUN
ajfa-1705	11	24	2012	2012	NUM
ajfa-1705	11	25	,	,	PUNCT
ajfa-1705	11	26	vol	vol	NOUN
ajfa-1705	11	27	.	.	PROPN
ajfa-1705	11	28	4	4	NUM
ajfa-1705	11	29	,	,	PUNCT
ajfa-1705	11	30	no	no	INTJ
ajfa-1705	11	31	.	.	NOUN
ajfa-1705	11	32	1	1	NUM
ajfa-1705	11	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	11	34	300	300	NUM
ajfa-1705	11	35	1	1	NUM
ajfa-1705	11	36	.	.	PUNCT
ajfa-1705	12	1	introduction	introduction	NOUN
ajfa-1705	12	2	over	over	ADP
ajfa-1705	12	3	the	the	DET
ajfa-1705	12	4	past	past	ADJ
ajfa-1705	12	5	decades	decade	NOUN
ajfa-1705	12	6	,	,	PUNCT
ajfa-1705	12	7	researchers	researcher	NOUN
ajfa-1705	12	8	have	have	AUX
ajfa-1705	12	9	identified	identify	VERB
ajfa-1705	12	10	numerous	numerous	ADJ
ajfa-1705	12	11	factors	factor	NOUN
ajfa-1705	12	12	that	that	PRON
ajfa-1705	12	13	can	can	AUX
ajfa-1705	12	14	affect	affect	VERB
ajfa-1705	12	15	stock	stock	NOUN
ajfa-1705	12	16	exchange	exchange	NOUN
ajfa-1705	12	17	returns	return	NOUN
ajfa-1705	12	18	such	such	ADJ
ajfa-1705	12	19	as	as	ADP
ajfa-1705	12	20	economic	economic	ADJ
ajfa-1705	12	21	and	and	CCONJ
ajfa-1705	12	22	political	political	ADJ
ajfa-1705	12	23	factors	factor	NOUN
ajfa-1705	12	24	.	.	PUNCT
ajfa-1705	13	1	political	political	ADJ
ajfa-1705	13	2	risk	risk	NOUN
ajfa-1705	13	3	is	be	AUX
ajfa-1705	13	4	an	an	DET
ajfa-1705	13	5	important	important	ADJ
ajfa-1705	13	6	factor	factor	NOUN
ajfa-1705	13	7	especially	especially	ADV
ajfa-1705	13	8	in	in	ADP
ajfa-1705	13	9	developing	develop	VERB
ajfa-1705	13	10	countries	country	NOUN
ajfa-1705	13	11	and	and	CCONJ
ajfa-1705	13	12	emerging	emerge	VERB
ajfa-1705	13	13	markets	market	NOUN
ajfa-1705	13	14	.	.	PUNCT
ajfa-1705	14	1	political	political	ADJ
ajfa-1705	14	2	stability	stability	NOUN
ajfa-1705	14	3	index	index	NOUN
ajfa-1705	14	4	defines	define	VERB
ajfa-1705	14	5	political	political	ADJ
ajfa-1705	14	6	risk	risk	NOUN
ajfa-1705	14	7	as	as	ADP
ajfa-1705	14	8	a	a	DET
ajfa-1705	14	9	probability	probability	NOUN
ajfa-1705	14	10	of	of	ADP
ajfa-1705	14	11	political	political	ADJ
ajfa-1705	14	12	events	event	NOUN
ajfa-1705	14	13	occurring	occur	VERB
ajfa-1705	14	14	that	that	PRON
ajfa-1705	14	15	will	will	AUX
ajfa-1705	14	16	change	change	VERB
ajfa-1705	14	17	the	the	DET
ajfa-1705	14	18	prospects	prospect	NOUN
ajfa-1705	14	19	for	for	ADP
ajfa-1705	14	20	profitability	profitability	NOUN
ajfa-1705	14	21	of	of	ADP
ajfa-1705	14	22	a	a	DET
ajfa-1705	14	23	given	give	VERB
ajfa-1705	14	24	investment	investment	NOUN
ajfa-1705	14	25	.	.	PUNCT
ajfa-1705	15	1	brews	brew	NOUN
ajfa-1705	15	2	(	(	PUNCT
ajfa-1705	15	3	1981	1981	NUM
ajfa-1705	15	4	)	)	PUNCT
ajfa-1705	15	5	explain	explain	VERB
ajfa-1705	15	6	political	political	ADJ
ajfa-1705	15	7	risk	risk	NOUN
ajfa-1705	15	8	as	as	ADP
ajfa-1705	15	9	an	an	DET
ajfa-1705	15	10	assortment	assortment	NOUN
ajfa-1705	15	11	of	of	ADP
ajfa-1705	15	12	risks	risk	NOUN
ajfa-1705	15	13	associated	associate	VERB
ajfa-1705	15	14	from	from	ADP
ajfa-1705	15	15	doing	do	VERB
ajfa-1705	15	16	business	business	NOUN
ajfa-1705	15	17	abroad	abroad	ADV
ajfa-1705	15	18	.	.	PUNCT
ajfa-1705	16	1	clark	clark	NOUN
ajfa-1705	16	2	(	(	PUNCT
ajfa-1705	16	3	1997	1997	NUM
ajfa-1705	16	4	)	)	PUNCT
ajfa-1705	16	5	refers	refer	VERB
ajfa-1705	16	6	it	it	PRON
ajfa-1705	16	7	as	as	ADP
ajfa-1705	16	8	stochastic	stochastic	ADJ
ajfa-1705	16	9	element	element	NOUN
ajfa-1705	16	10	as	as	ADV
ajfa-1705	16	11	well	well	ADV
ajfa-1705	16	12	as	as	ADP
ajfa-1705	16	13	the	the	DET
ajfa-1705	16	14	timing	timing	NOUN
ajfa-1705	16	15	of	of	ADP
ajfa-1705	16	16	the	the	DET
ajfa-1705	16	17	political	political	ADJ
ajfa-1705	16	18	events	event	NOUN
ajfa-1705	16	19	that	that	PRON
ajfa-1705	16	20	cause	cause	VERB
ajfa-1705	16	21	losses	loss	NOUN
ajfa-1705	16	22	.	.	PUNCT
ajfa-1705	17	1	clark	clark	NOUN
ajfa-1705	17	2	and	and	CCONJ
ajfa-1705	17	3	tunaru	tunaru	PROPN
ajfa-1705	17	4	(	(	PUNCT
ajfa-1705	17	5	2003	2003	NUM
ajfa-1705	17	6	)	)	PUNCT
ajfa-1705	17	7	explain	explain	VERB
ajfa-1705	17	8	political	political	ADJ
ajfa-1705	17	9	risk	risk	NOUN
ajfa-1705	17	10	as	as	ADP
ajfa-1705	17	11	the	the	DET
ajfa-1705	17	12	expected	expect	VERB
ajfa-1705	17	13	arrival	arrival	NOUN
ajfa-1705	17	14	rate	rate	NOUN
ajfa-1705	17	15	of	of	ADP
ajfa-1705	17	16	political	political	ADJ
ajfa-1705	17	17	events	event	NOUN
ajfa-1705	17	18	.	.	PUNCT
ajfa-1705	18	1	clark	clark	NOUN
ajfa-1705	18	2	and	and	CCONJ
ajfa-1705	18	3	tunaru	tunaru	PROPN
ajfa-1705	18	4	(	(	PUNCT
ajfa-1705	18	5	2005	2005	NUM
ajfa-1705	18	6	)	)	PUNCT
ajfa-1705	18	7	defines	define	VERB
ajfa-1705	18	8	political	political	ADJ
ajfa-1705	18	9	events	event	NOUN
ajfa-1705	18	10	with	with	ADP
ajfa-1705	18	11	significant	significant	ADJ
ajfa-1705	18	12	negative	negative	ADJ
ajfa-1705	18	13	economic	economic	ADJ
ajfa-1705	18	14	and	and	CCONJ
ajfa-1705	18	15	financial	financial	ADJ
ajfa-1705	18	16	consequences	consequence	NOUN
ajfa-1705	18	17	that	that	PRON
ajfa-1705	18	18	are	be	AUX
ajfa-1705	18	19	felt	feel	VERB
ajfa-1705	18	20	everywhere	everywhere	ADV
ajfa-1705	18	21	as	as	ADP
ajfa-1705	18	22	beside	beside	ADV
ajfa-1705	18	23	to	to	ADP
ajfa-1705	18	24	political	political	ADJ
ajfa-1705	18	25	events	event	NOUN
ajfa-1705	18	26	whose	whose	DET
ajfa-1705	18	27	economic	economic	ADJ
ajfa-1705	18	28	and	and	CCONJ
ajfa-1705	18	29	financial	financial	ADJ
ajfa-1705	18	30	outcomes	outcome	NOUN
ajfa-1705	18	31	are	be	AUX
ajfa-1705	18	32	limited	limit	VERB
ajfa-1705	18	33	to	to	ADP
ajfa-1705	18	34	specific	specific	ADJ
ajfa-1705	18	35	country	country	NOUN
ajfa-1705	18	36	or	or	CCONJ
ajfa-1705	18	37	region	region	NOUN
ajfa-1705	18	38	.	.	PUNCT
ajfa-1705	19	1	this	this	PRON
ajfa-1705	19	2	means	mean	VERB
ajfa-1705	19	3	that	that	SCONJ
ajfa-1705	19	4	political	political	ADJ
ajfa-1705	19	5	risk	risk	NOUN
ajfa-1705	19	6	can	can	AUX
ajfa-1705	19	7	arise	arise	VERB
ajfa-1705	19	8	from	from	ADP
ajfa-1705	19	9	a	a	DET
ajfa-1705	19	10	large	large	ADJ
ajfa-1705	19	11	number	number	NOUN
ajfa-1705	19	12	of	of	ADP
ajfa-1705	19	13	sources	source	NOUN
ajfa-1705	19	14	,	,	PUNCT
ajfa-1705	19	15	which	which	PRON
ajfa-1705	19	16	are	be	AUX
ajfa-1705	19	17	often	often	ADV
ajfa-1705	19	18	mutually	mutually	ADV
ajfa-1705	19	19	dependent	dependent	ADJ
ajfa-1705	19	20	.	.	PUNCT
ajfa-1705	20	1	authors	author	NOUN
ajfa-1705	20	2	like	like	ADP
ajfa-1705	20	3	root	root	NOUN
ajfa-1705	20	4	(	(	PUNCT
ajfa-1705	20	5	1973	1973	NUM
ajfa-1705	20	6	)	)	PUNCT
ajfa-1705	20	7	and	and	CCONJ
ajfa-1705	20	8	simon	simon	PROPN
ajfa-1705	20	9	(	(	PUNCT
ajfa-1705	20	10	1982	1982	NUM
ajfa-1705	20	11	)	)	PUNCT
ajfa-1705	20	12	consider	consider	VERB
ajfa-1705	20	13	political	political	ADJ
ajfa-1705	20	14	risk	risk	NOUN
ajfa-1705	20	15	as	as	ADP
ajfa-1705	20	16	an	an	DET
ajfa-1705	20	17	event	event	NOUN
ajfa-1705	20	18	that	that	PRON
ajfa-1705	20	19	causes	cause	VERB
ajfa-1705	20	20	loss	loss	NOUN
ajfa-1705	20	21	.	.	PUNCT
ajfa-1705	21	1	research	research	NOUN
ajfa-1705	21	2	on	on	ADP
ajfa-1705	21	3	political	political	ADJ
ajfa-1705	21	4	risk	risk	NOUN
ajfa-1705	21	5	focus	focus	NOUN
ajfa-1705	21	6	that	that	SCONJ
ajfa-1705	21	7	political	political	ADJ
ajfa-1705	21	8	news	news	NOUN
ajfa-1705	21	9	affect	affect	VERB
ajfa-1705	21	10	financial	financial	ADJ
ajfa-1705	21	11	markets	market	NOUN
ajfa-1705	21	12	.	.	PUNCT
ajfa-1705	22	1	especially	especially	ADV
ajfa-1705	22	2	stock	stock	NOUN
ajfa-1705	22	3	markets	market	NOUN
ajfa-1705	22	4	respond	respond	VERB
ajfa-1705	22	5	more	more	ADJ
ajfa-1705	22	6	to	to	ADP
ajfa-1705	22	7	new	new	ADJ
ajfa-1705	22	8	information	information	NOUN
ajfa-1705	22	9	regarding	regard	VERB
ajfa-1705	22	10	political	political	ADJ
ajfa-1705	22	11	decisions	decision	NOUN
ajfa-1705	22	12	that	that	PRON
ajfa-1705	22	13	may	may	AUX
ajfa-1705	22	14	affect	affect	VERB
ajfa-1705	22	15	domestic	domestic	ADJ
ajfa-1705	22	16	and	and	CCONJ
ajfa-1705	22	17	foreign	foreign	ADJ
ajfa-1705	22	18	policy	policy	NOUN
ajfa-1705	22	19	.	.	PUNCT
ajfa-1705	23	1	the	the	DET
ajfa-1705	23	2	reaction	reaction	NOUN
ajfa-1705	23	3	of	of	ADP
ajfa-1705	23	4	the	the	DET
ajfa-1705	23	5	stock	stock	NOUN
ajfa-1705	23	6	exchange	exchange	NOUN
ajfa-1705	23	7	depends	depend	VERB
ajfa-1705	23	8	on	on	ADP
ajfa-1705	23	9	the	the	DET
ajfa-1705	23	10	political	political	ADJ
ajfa-1705	23	11	news	news	NOUN
ajfa-1705	23	12	,	,	PUNCT
ajfa-1705	23	13	prices	price	NOUN
ajfa-1705	23	14	should	should	AUX
ajfa-1705	23	15	increase	increase	VERB
ajfa-1705	23	16	if	if	SCONJ
ajfa-1705	23	17	the	the	DET
ajfa-1705	23	18	news	news	NOUN
ajfa-1705	23	19	leads	lead	VERB
ajfa-1705	23	20	to	to	ADP
ajfa-1705	23	21	upward	upward	ADJ
ajfa-1705	23	22	revision	revision	NOUN
ajfa-1705	23	23	of	of	ADP
ajfa-1705	23	24	investor	investor	NOUN
ajfa-1705	23	25	’s	’s	PART
ajfa-1705	23	26	expectation	expectation	NOUN
ajfa-1705	23	27	and	and	CCONJ
ajfa-1705	23	28	similarly	similarly	ADV
ajfa-1705	23	29	it	it	PRON
ajfa-1705	23	30	can	can	AUX
ajfa-1705	23	31	lead	lead	VERB
ajfa-1705	23	32	to	to	ADP
ajfa-1705	23	33	downward	downward	ADV
ajfa-1705	23	34	if	if	SCONJ
ajfa-1705	23	35	the	the	DET
ajfa-1705	23	36	investors	investor	NOUN
ajfa-1705	23	37	respond	respond	VERB
ajfa-1705	23	38	to	to	ADP
ajfa-1705	23	39	news	news	NOUN
ajfa-1705	23	40	in	in	ADP
ajfa-1705	23	41	opposite	opposite	ADJ
ajfa-1705	23	42	way	way	NOUN
ajfa-1705	23	43	(	(	PUNCT
ajfa-1705	23	44	tan	tan	NOUN
ajfa-1705	23	45	and	and	CCONJ
ajfa-1705	23	46	gannon	gannon	PROPN
ajfa-1705	23	47	2002	2002	NUM
ajfa-1705	23	48	)	)	PUNCT
ajfa-1705	23	49	.	.	PUNCT
ajfa-1705	24	1	researcher	researcher	NOUN
ajfa-1705	24	2	use	use	VERB
ajfa-1705	24	3	different	different	ADJ
ajfa-1705	24	4	ways	way	NOUN
ajfa-1705	24	5	to	to	PART
ajfa-1705	24	6	test	test	VERB
ajfa-1705	24	7	political	political	ADJ
ajfa-1705	24	8	events	event	NOUN
ajfa-1705	24	9	and	and	CCONJ
ajfa-1705	24	10	use	use	VERB
ajfa-1705	24	11	them	they	PRON
ajfa-1705	24	12	to	to	PART
ajfa-1705	24	13	test	test	VERB
ajfa-1705	24	14	against	against	ADP
ajfa-1705	24	15	stock	stock	NOUN
ajfa-1705	24	16	market	market	NOUN
ajfa-1705	24	17	’s	’s	PART
ajfa-1705	24	18	volatility	volatility	NOUN
ajfa-1705	24	19	.	.	PUNCT
ajfa-1705	25	1	soultaanaeva	soultaanaeva	PROPN
ajfa-1705	25	2	(	(	PUNCT
ajfa-1705	25	3	2008	2008	NUM
ajfa-1705	25	4	)	)	PUNCT
ajfa-1705	25	5	use	use	VERB
ajfa-1705	25	6	political	political	ADJ
ajfa-1705	25	7	news	news	NOUN
ajfa-1705	25	8	as	as	ADP
ajfa-1705	25	9	proxy	proxy	NOUN
ajfa-1705	25	10	to	to	PART
ajfa-1705	25	11	view	view	VERB
ajfa-1705	25	12	political	political	ADJ
ajfa-1705	25	13	risk	risk	NOUN
ajfa-1705	25	14	and	and	CCONJ
ajfa-1705	25	15	find	find	VERB
ajfa-1705	25	16	that	that	SCONJ
ajfa-1705	25	17	there	there	PRON
ajfa-1705	25	18	is	be	VERB
ajfa-1705	25	19	a	a	DET
ajfa-1705	25	20	week	week	NOUN
ajfa-1705	25	21	relationship	relationship	NOUN
ajfa-1705	25	22	between	between	ADP
ajfa-1705	25	23	political	political	ADJ
ajfa-1705	25	24	risk	risk	NOUN
ajfa-1705	25	25	and	and	CCONJ
ajfa-1705	25	26	stock	stock	NOUN
ajfa-1705	25	27	market	market	NOUN
ajfa-1705	25	28	volatility	volatility	NOUN
ajfa-1705	25	29	.	.	PUNCT
ajfa-1705	26	1	researchers	researcher	NOUN
ajfa-1705	26	2	such	such	ADJ
ajfa-1705	26	3	as	as	ADP
ajfa-1705	26	4	robock	robock	NOUN
ajfa-1705	26	5	(	(	PUNCT
ajfa-1705	26	6	1971	1971	NUM
ajfa-1705	26	7	)	)	PUNCT
ajfa-1705	26	8	and	and	CCONJ
ajfa-1705	26	9	kobrin	kobrin	PROPN
ajfa-1705	26	10	(	(	PUNCT
ajfa-1705	26	11	1979	1979	NUM
ajfa-1705	26	12	)	)	PUNCT
ajfa-1705	26	13	or	or	CCONJ
ajfa-1705	26	14	freshly	freshly	ADV
ajfa-1705	26	15	feils	feil	NOUN
ajfa-1705	26	16	and	and	CCONJ
ajfa-1705	26	17	sabac	sabac	NOUN
ajfa-1705	26	18	(	(	PUNCT
ajfa-1705	26	19	2000	2000	NUM
ajfa-1705	26	20	)	)	PUNCT
ajfa-1705	26	21	,	,	PUNCT
ajfa-1705	26	22	concentrated	concentrate	VERB
ajfa-1705	26	23	on	on	ADP
ajfa-1705	26	24	political	political	ADJ
ajfa-1705	26	25	risk	risk	NOUN
ajfa-1705	26	26	as	as	SCONJ
ajfa-1705	26	27	it	it	PRON
ajfa-1705	26	28	changes	change	VERB
ajfa-1705	26	29	the	the	DET
ajfa-1705	26	30	investment	investment	NOUN
ajfa-1705	26	31	’s	’s	PART
ajfa-1705	26	32	overall	overall	ADJ
ajfa-1705	26	33	profitability	profitability	NOUN
ajfa-1705	26	34	in	in	ADP
ajfa-1705	26	35	both	both	DET
ajfa-1705	26	36	ways	way	NOUN
ajfa-1705	26	37	.	.	PUNCT
ajfa-1705	27	1	cutler	cutler	NOUN
ajfa-1705	27	2	et	et	PROPN
ajfa-1705	27	3	al	al	PROPN
ajfa-1705	27	4	.	.	PROPN
ajfa-1705	27	5	(	(	PUNCT
ajfa-1705	27	6	1989	1989	NUM
ajfa-1705	27	7	)	)	PUNCT
ajfa-1705	27	8	and	and	CCONJ
ajfa-1705	27	9	bittlingmayer	bittlingmayer	NOUN
ajfa-1705	27	10	(	(	PUNCT
ajfa-1705	27	11	1988	1988	NUM
ajfa-1705	27	12	)	)	PUNCT
ajfa-1705	27	13	chan	chan	PROPN
ajfa-1705	27	14	and	and	CCONJ
ajfa-1705	27	15	wei	wei	PROPN
ajfa-1705	27	16	(	(	PUNCT
ajfa-1705	27	17	1996	1996	NUM
ajfa-1705	27	18	)	)	PUNCT
ajfa-1705	27	19	,	,	PUNCT
ajfa-1705	27	20	kim	kim	PROPN
ajfa-1705	27	21	and	and	CCONJ
ajfa-1705	27	22	mei	mei	PROPN
ajfa-1705	27	23	(	(	PUNCT
ajfa-1705	27	24	2001	2001	NUM
ajfa-1705	27	25	)	)	PUNCT
ajfa-1705	27	26	,	,	PUNCT
ajfa-1705	27	27	consider	consider	VERB
ajfa-1705	27	28	political	political	ADJ
ajfa-1705	27	29	risk	risk	NOUN
ajfa-1705	27	30	with	with	ADP
ajfa-1705	27	31	respect	respect	NOUN
ajfa-1705	27	32	to	to	ADP
ajfa-1705	27	33	stock	stock	NOUN
ajfa-1705	27	34	market	market	NOUN
ajfa-1705	27	35	volatility	volatility	NOUN
ajfa-1705	27	36	.	.	PUNCT
ajfa-1705	28	1	other	other	ADJ
ajfa-1705	28	2	papers	paper	NOUN
ajfa-1705	28	3	,	,	PUNCT
ajfa-1705	28	4	such	such	ADJ
ajfa-1705	28	5	as	as	ADP
ajfa-1705	28	6	erb	erb	PROPN
ajfa-1705	28	7	et	et	PROPN
ajfa-1705	28	8	al	al	PROPN
ajfa-1705	28	9	.	.	PROPN
ajfa-1705	28	10	(	(	PUNCT
ajfa-1705	28	11	1995	1995	NUM
ajfa-1705	28	12	and	and	CCONJ
ajfa-1705	28	13	1996	1996	NUM
ajfa-1705	28	14	)	)	PUNCT
ajfa-1705	28	15	,	,	PUNCT
ajfa-1705	28	16	cosset	cosset	VERB
ajfa-1705	28	17	and	and	CCONJ
ajfa-1705	28	18	suret	suret	PROPN
ajfa-1705	28	19	(	(	PUNCT
ajfa-1705	28	20	1995	1995	NUM
ajfa-1705	28	21	)	)	PUNCT
ajfa-1705	28	22	,	,	PUNCT
ajfa-1705	28	23	bekaert	bekaert	NOUN
ajfa-1705	28	24	(	(	PUNCT
ajfa-1705	28	25	1995	1995	NUM
ajfa-1705	28	26	)	)	PUNCT
ajfa-1705	28	27	,	,	PUNCT
ajfa-1705	28	28	and	and	CCONJ
ajfa-1705	28	29	bekaert	bekaert	NOUN
ajfa-1705	28	30	and	and	CCONJ
ajfa-1705	28	31	harvey	harvey	PROPN
ajfa-1705	28	32	(	(	PUNCT
ajfa-1705	28	33	1997	1997	NUM
ajfa-1705	28	34	)	)	PUNCT
ajfa-1705	28	35	focus	focus	VERB
ajfa-1705	28	36	on	on	ADP
ajfa-1705	28	37	losses	loss	NOUN
ajfa-1705	28	38	and	and	CCONJ
ajfa-1705	28	39	test	test	VERB
ajfa-1705	28	40	political	political	ADJ
ajfa-1705	28	41	risk	risk	NOUN
ajfa-1705	28	42	with	with	ADP
ajfa-1705	28	43	respect	respect	NOUN
ajfa-1705	28	44	to	to	ADP
ajfa-1705	28	45	stock	stock	NOUN
ajfa-1705	28	46	market	market	NOUN
ajfa-1705	28	47	performance	performance	NOUN
ajfa-1705	28	48	.	.	PUNCT
ajfa-1705	29	1	empirical	empirical	ADJ
ajfa-1705	29	2	literature	literature	NOUN
ajfa-1705	29	3	on	on	ADP
ajfa-1705	29	4	stock	stock	NOUN
ajfa-1705	29	5	exchange	exchange	NOUN
ajfa-1705	29	6	behaviour	behaviour	NOUN
ajfa-1705	29	7	has	have	AUX
ajfa-1705	29	8	focused	focus	VERB
ajfa-1705	29	9	on	on	ADP
ajfa-1705	29	10	the	the	DET
ajfa-1705	29	11	link	link	NOUN
ajfa-1705	29	12	between	between	ADP
ajfa-1705	29	13	stock	stock	NOUN
ajfa-1705	29	14	prices	price	NOUN
ajfa-1705	29	15	and	and	CCONJ
ajfa-1705	29	16	political	political	ADJ
ajfa-1705	29	17	risk	risk	NOUN
ajfa-1705	29	18	,	,	PUNCT
ajfa-1705	29	19	(	(	PUNCT
ajfa-1705	29	20	beaulieu	beaulieu	NOUN
ajfa-1705	29	21	,	,	PUNCT
ajfa-1705	29	22	cosset	cosset	NOUN
ajfa-1705	29	23	and	and	CCONJ
ajfa-1705	29	24	essaddam	essaddam	ADJ
ajfa-1705	29	25	2006	2006	NUM
ajfa-1705	29	26	;	;	PUNCT
ajfa-1705	29	27	fong	fong	PROPN
ajfa-1705	29	28	and	and	CCONJ
ajfa-1705	29	29	zhang	zhang	PROPN
ajfa-1705	29	30	wang	wang	PROPN
ajfa-1705	29	31	and	and	CCONJ
ajfa-1705	29	32	lin	lin	PROPN
ajfa-1705	29	33	2007	2007	NUM
ajfa-1705	29	34	;	;	PUNCT
ajfa-1705	29	35	chan	chan	PROPN
ajfa-1705	29	36	and	and	CCONJ
ajfa-1705	29	37	wei	wei	PROPN
ajfa-1705	29	38	2009	2009	NUM
ajfa-1705	29	39	)	)	PUNCT
ajfa-1705	29	40	.beaulieu	.beaulieu	PUNCT
ajfa-1705	29	41	,	,	PUNCT
ajfa-1705	29	42	cosset	cosset	VERB
ajfa-1705	29	43	and	and	CCONJ
ajfa-1705	29	44	essaddam	essaddam	PROPN
ajfa-1705	29	45	(	(	PUNCT
ajfa-1705	29	46	2006	2006	NUM
ajfa-1705	29	47	)	)	PUNCT
ajfa-1705	29	48	investigated	investigate	VERB
ajfa-1705	29	49	the	the	DET
ajfa-1705	29	50	short	short	ADJ
ajfa-1705	29	51	run	run	NOUN
ajfa-1705	29	52	effect	effect	NOUN
ajfa-1705	29	53	of	of	ADP
ajfa-1705	29	54	the	the	DET
ajfa-1705	29	55	30	30	NUM
ajfa-1705	29	56	october	october	PROPN
ajfa-1705	29	57	1995	1995	NUM
ajfa-1705	29	58	quebec	quebec	PROPN
ajfa-1705	29	59	referendum	referendum	NOUN
ajfa-1705	29	60	on	on	ADP
ajfa-1705	29	61	the	the	DET
ajfa-1705	29	62	common	common	ADJ
ajfa-1705	29	63	stock	stock	NOUN
ajfa-1705	29	64	returns	return	NOUN
ajfa-1705	29	65	of	of	ADP
ajfa-1705	29	66	quebec	quebec	PROPN
ajfa-1705	29	67	firms	firm	NOUN
ajfa-1705	29	68	.	.	PUNCT
ajfa-1705	30	1	their	their	PRON
ajfa-1705	30	2	result	result	NOUN
ajfa-1705	30	3	shows	show	VERB
ajfa-1705	30	4	that	that	SCONJ
ajfa-1705	30	5	the	the	DET
ajfa-1705	30	6	uncertainty	uncertainty	NOUN
ajfa-1705	30	7	surrounding	surround	VERB
ajfa-1705	30	8	the	the	DET
ajfa-1705	30	9	referendum	referendum	NOUN
ajfa-1705	30	10	outcome	outcome	NOUN
ajfa-1705	30	11	had	have	VERB
ajfa-1705	30	12	an	an	DET
ajfa-1705	30	13	impact	impact	NOUN
ajfa-1705	30	14	on	on	ADP
ajfa-1705	30	15	stock	stock	NOUN
ajfa-1705	30	16	returns	return	NOUN
ajfa-1705	30	17	of	of	ADP
ajfa-1705	30	18	quebec	quebec	PROPN
ajfa-1705	30	19	firms	firm	NOUN
ajfa-1705	30	20	.	.	PUNCT
ajfa-1705	31	1	they	they	PRON
ajfa-1705	31	2	also	also	ADV
ajfa-1705	31	3	find	find	VERB
ajfa-1705	31	4	that	that	SCONJ
ajfa-1705	31	5	the	the	DET
ajfa-1705	31	6	effect	effect	NOUN
ajfa-1705	31	7	of	of	ADP
ajfa-1705	31	8	the	the	DET
ajfa-1705	31	9	referendum	referendum	NOUN
ajfa-1705	31	10	varied	varied	ADJ
ajfa-1705	31	11	with	with	ADP
ajfa-1705	31	12	the	the	DET
ajfa-1705	31	13	political	political	ADJ
ajfa-1705	31	14	risk	risk	NOUN
ajfa-1705	31	15	exposure	exposure	NOUN
ajfa-1705	31	16	of	of	ADP
ajfa-1705	31	17	quebec	quebec	PROPN
ajfa-1705	31	18	firms	firm	NOUN
ajfa-1705	31	19	,	,	PUNCT
ajfa-1705	31	20	that	that	ADV
ajfa-1705	31	21	is	is	ADV
ajfa-1705	31	22	,	,	PUNCT
ajfa-1705	31	23	the	the	DET
ajfa-1705	31	24	structure	structure	NOUN
ajfa-1705	31	25	of	of	ADP
ajfa-1705	31	26	assets	asset	NOUN
ajfa-1705	31	27	and	and	CCONJ
ajfa-1705	31	28	principally	principally	ADV
ajfa-1705	31	29	the	the	DET
ajfa-1705	31	30	degree	degree	NOUN
ajfa-1705	31	31	of	of	ADP
ajfa-1705	31	32	foreign	foreign	ADJ
ajfa-1705	31	33	involvement	involvement	NOUN
ajfa-1705	31	34	.	.	PUNCT
ajfa-1705	32	1	regardless	regardless	ADV
ajfa-1705	32	2	of	of	ADP
ajfa-1705	32	3	its	its	PRON
ajfa-1705	32	4	consequence	consequence	NOUN
ajfa-1705	32	5	,	,	PUNCT
ajfa-1705	32	6	a	a	DET
ajfa-1705	32	7	minor	minor	ADJ
ajfa-1705	32	8	empirical	empirical	ADJ
ajfa-1705	32	9	research	research	NOUN
ajfa-1705	32	10	has	have	AUX
ajfa-1705	32	11	examined	examine	VERB
ajfa-1705	32	12	the	the	DET
ajfa-1705	32	13	importance	importance	NOUN
ajfa-1705	32	14	of	of	ADP
ajfa-1705	32	15	political	political	ADJ
ajfa-1705	32	16	risk	risk	NOUN
ajfa-1705	32	17	on	on	ADP
ajfa-1705	32	18	stock	stock	NOUN
ajfa-1705	32	19	market	market	NOUN
ajfa-1705	32	20	volatility	volatility	NOUN
ajfa-1705	32	21	.	.	PUNCT
ajfa-1705	33	1	fong	fong	PROPN
ajfa-1705	33	2	and	and	CCONJ
ajfa-1705	33	3	koh	koh	PROPN
ajfa-1705	33	4	2009	2009	NUM
ajfa-1705	33	5	used	use	VERB
ajfa-1705	33	6	the	the	DET
ajfa-1705	33	7	data	datum	NOUN
ajfa-1705	33	8	from	from	ADP
ajfa-1705	33	9	hong	hong	PROPN
ajfa-1705	33	10	kong	kong	PROPN
ajfa-1705	33	11	stock	stock	NOUN
ajfa-1705	33	12	market	market	NOUN
ajfa-1705	33	13	to	to	PART
ajfa-1705	33	14	investigate	investigate	VERB
ajfa-1705	33	15	whether	whether	SCONJ
ajfa-1705	33	16	political	political	ADJ
ajfa-1705	33	17	risk	risk	NOUN
ajfa-1705	33	18	has	have	AUX
ajfa-1705	33	19	induced	induce	VERB
ajfa-1705	33	20	regime	regime	NOUN
ajfa-1705	33	21	shifts	shift	NOUN
ajfa-1705	33	22	in	in	ADP
ajfa-1705	33	23	stock	stock	NOUN
ajfa-1705	33	24	market	market	NOUN
ajfa-1705	33	25	’s	’s	PART
ajfa-1705	33	26	volatility	volatility	NOUN
ajfa-1705	33	27	.	.	PUNCT
ajfa-1705	34	1	they	they	PRON
ajfa-1705	34	2	found	find	VERB
ajfa-1705	34	3	a	a	DET
ajfa-1705	34	4	strong	strong	ADJ
ajfa-1705	34	5	evidence	evidence	NOUN
ajfa-1705	34	6	of	of	ADP
ajfa-1705	34	7	the	the	DET
ajfa-1705	34	8	regime	regime	NOUN
ajfa-1705	34	9	shift	shift	NOUN
ajfa-1705	34	10	in	in	ADP
ajfa-1705	34	11	conditional	conditional	ADJ
ajfa-1705	34	12	volatility	volatility	NOUN
ajfa-1705	34	13	as	as	ADV
ajfa-1705	34	14	well	well	ADV
ajfa-1705	34	15	as	as	ADP
ajfa-1705	34	16	significant	significant	ADJ
ajfa-1705	34	17	volatility	volatility	NOUN
ajfa-1705	34	18	asymmetry	asymmetry	NOUN
ajfa-1705	34	19	in	in	ADP
ajfa-1705	34	20	high	high	ADJ
ajfa-1705	34	21	volatility	volatility	NOUN
ajfa-1705	34	22	periods	period	NOUN
ajfa-1705	34	23	.	.	PUNCT
ajfa-1705	35	1	asian	asian	ADJ
ajfa-1705	35	2	journal	journal	PROPN
ajfa-1705	35	3	of	of	ADP
ajfa-1705	35	4	finance	finance	PROPN
ajfa-1705	35	5	&	&	CCONJ
ajfa-1705	35	6	accounting	accounting	PROPN
ajfa-1705	35	7	issn	issn	PROPN
ajfa-1705	35	8	1946	1946	NUM
ajfa-1705	35	9	-	-	PUNCT
ajfa-1705	35	10	052x	052x	NOUN
ajfa-1705	35	11	2012	2012	NUM
ajfa-1705	35	12	,	,	PUNCT
ajfa-1705	35	13	vol	vol	NOUN
ajfa-1705	35	14	.	.	PROPN
ajfa-1705	35	15	4	4	NUM
ajfa-1705	35	16	,	,	PUNCT
ajfa-1705	35	17	no	no	INTJ
ajfa-1705	35	18	.	.	NOUN
ajfa-1705	35	19	1	1	NUM
ajfa-1705	35	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	35	21	301	301	NUM
ajfa-1705	35	22	since	since	SCONJ
ajfa-1705	35	23	the	the	DET
ajfa-1705	35	24	day	day	NOUN
ajfa-1705	35	25	of	of	ADP
ajfa-1705	35	26	independence	independence	NOUN
ajfa-1705	35	27	in	in	ADP
ajfa-1705	35	28	1947	1947	NUM
ajfa-1705	35	29	,	,	PUNCT
ajfa-1705	35	30	pakistan	pakistan	PROPN
ajfa-1705	35	31	has	have	AUX
ajfa-1705	35	32	become	become	VERB
ajfa-1705	35	33	a	a	DET
ajfa-1705	35	34	ball	ball	NOUN
ajfa-1705	35	35	to	to	PART
ajfa-1705	35	36	play	play	VERB
ajfa-1705	35	37	between	between	ADP
ajfa-1705	35	38	democratically	democratically	ADV
ajfa-1705	35	39	-	-	PUNCT
ajfa-1705	35	40	elected	elect	VERB
ajfa-1705	35	41	and	and	CCONJ
ajfa-1705	35	42	authoritarian	authoritarian	ADJ
ajfa-1705	35	43	military	military	ADJ
ajfa-1705	35	44	leaders	leader	NOUN
ajfa-1705	35	45	,	,	PUNCT
ajfa-1705	35	46	linked	link	VERB
ajfa-1705	35	47	with	with	ADP
ajfa-1705	35	48	an	an	DET
ajfa-1705	35	49	unstable	unstable	ADJ
ajfa-1705	35	50	relationship	relationship	NOUN
ajfa-1705	35	51	with	with	ADP
ajfa-1705	35	52	neighbouring	neighbouring	PROPN
ajfa-1705	35	53	india	india	PROPN
ajfa-1705	35	54	.	.	PUNCT
ajfa-1705	36	1	from	from	ADP
ajfa-1705	36	2	1988	1988	NUM
ajfa-1705	36	3	to	to	ADP
ajfa-1705	36	4	1999	1999	NUM
ajfa-1705	36	5	,	,	PUNCT
ajfa-1705	36	6	following	follow	VERB
ajfa-1705	36	7	zia	zia	PROPN
ajfa-1705	36	8	ul	ul	PROPN
ajfa-1705	36	9	haq	haq	PROPN
ajfa-1705	36	10	's	's	PART
ajfa-1705	36	11	death	death	NOUN
ajfa-1705	36	12	,	,	PUNCT
ajfa-1705	36	13	democracy	democracy	NOUN
ajfa-1705	36	14	though	though	SCONJ
ajfa-1705	36	15	an	an	DET
ajfa-1705	36	16	unstable	unstable	ADJ
ajfa-1705	36	17	one	one	NUM
ajfa-1705	36	18	sovereignty	sovereignty	NOUN
ajfa-1705	36	19	,	,	PUNCT
ajfa-1705	36	20	power	power	NOUN
ajfa-1705	36	21	alternated	alternate	VERB
ajfa-1705	36	22	between	between	ADP
ajfa-1705	36	23	benazir	benazir	PROPN
ajfa-1705	36	24	bhutto	bhutto	PROPN
ajfa-1705	36	25	and	and	CCONJ
ajfa-1705	36	26	nawaz	nawaz	ADJ
ajfa-1705	36	27	sharif	sharif	PROPN
ajfa-1705	36	28	,	,	PUNCT
ajfa-1705	36	29	with	with	ADP
ajfa-1705	36	30	none	none	NOUN
ajfa-1705	36	31	of	of	ADP
ajfa-1705	36	32	them	they	PRON
ajfa-1705	36	33	completing	complete	VERB
ajfa-1705	36	34	their	their	PRON
ajfa-1705	36	35	full	full	ADJ
ajfa-1705	36	36	in	in	ADP
ajfa-1705	36	37	the	the	DET
ajfa-1705	36	38	prime	prime	PROPN
ajfa-1705	36	39	minister	minister	PROPN
ajfa-1705	36	40	house	house	PROPN
ajfa-1705	36	41	.	.	PUNCT
ajfa-1705	37	1	finally	finally	ADV
ajfa-1705	37	2	,	,	PUNCT
ajfa-1705	37	3	in	in	ADP
ajfa-1705	37	4	october	october	PROPN
ajfa-1705	37	5	1999	1999	NUM
ajfa-1705	37	6	,	,	PUNCT
ajfa-1705	37	7	a	a	DET
ajfa-1705	37	8	chief	chief	NOUN
ajfa-1705	37	9	of	of	ADP
ajfa-1705	37	10	army	army	NOUN
ajfa-1705	37	11	staff	staff	NOUN
ajfa-1705	37	12	,	,	PUNCT
ajfa-1705	37	13	pervez	pervez	PROPN
ajfa-1705	37	14	musharraf	musharraf	PROPN
ajfa-1705	37	15	,	,	PUNCT
ajfa-1705	37	16	take	take	VERB
ajfa-1705	37	17	over	over	ADP
ajfa-1705	37	18	the	the	DET
ajfa-1705	37	19	government	government	NOUN
ajfa-1705	37	20	of	of	ADP
ajfa-1705	37	21	sharif	sharif	PROPN
ajfa-1705	37	22	and	and	CCONJ
ajfa-1705	37	23	took	take	VERB
ajfa-1705	37	24	over	over	ADP
ajfa-1705	37	25	as	as	ADP
ajfa-1705	37	26	president1	president1	NOUN
ajfa-1705	37	27	and	and	CCONJ
ajfa-1705	37	28	sent	send	VERB
ajfa-1705	37	29	him	he	PRON
ajfa-1705	37	30	to	to	ADP
ajfa-1705	37	31	jail	jail	NOUN
ajfa-1705	37	32	and	and	CCONJ
ajfa-1705	37	33	later	later	ADV
ajfa-1705	37	34	to	to	ADP
ajfa-1705	37	35	exile	exile	NOUN
ajfa-1705	37	36	in	in	ADP
ajfa-1705	37	37	saudi	saudi	PROPN
ajfa-1705	37	38	arabia	arabia	PROPN
ajfa-1705	37	39	for	for	ADP
ajfa-1705	37	40	ten	ten	NUM
ajfa-1705	37	41	years	year	NOUN
ajfa-1705	37	42	.	.	PUNCT
ajfa-1705	38	1	after	after	ADP
ajfa-1705	38	2	asserting	assert	VERB
ajfa-1705	38	3	himself	himself	PRON
ajfa-1705	38	4	the	the	DET
ajfa-1705	38	5	chief	chief	ADJ
ajfa-1705	38	6	executive	executive	NOUN
ajfa-1705	38	7	,	,	PUNCT
ajfa-1705	38	8	the	the	DET
ajfa-1705	38	9	supreme	supreme	PROPN
ajfa-1705	38	10	court	court	PROPN
ajfa-1705	38	11	in	in	ADP
ajfa-1705	38	12	may	may	PROPN
ajfa-1705	38	13	2000	2000	NUM
ajfa-1705	38	14	authorized	authorize	VERB
ajfa-1705	38	15	musharraf	musharraf	NOUN
ajfa-1705	38	16	to	to	PART
ajfa-1705	38	17	hold	hold	VERB
ajfa-1705	38	18	the	the	DET
ajfa-1705	38	19	president	president	PROPN
ajfa-1705	38	20	office	office	NOUN
ajfa-1705	38	21	.	.	PUNCT
ajfa-1705	39	1	in	in	ADP
ajfa-1705	39	2	2002	2002	NUM
ajfa-1705	39	3	a	a	DET
ajfa-1705	39	4	parliamentary	parliamentary	ADJ
ajfa-1705	39	5	election	election	NOUN
ajfa-1705	39	6	returned	return	VERB
ajfa-1705	39	7	civilian	civilian	ADJ
ajfa-1705	39	8	rule	rule	NOUN
ajfa-1705	39	9	,	,	PUNCT
ajfa-1705	39	10	yet	yet	CCONJ
ajfa-1705	39	11	the	the	DET
ajfa-1705	39	12	musharraf	musharraf	PROPN
ajfa-1705	39	13	presidency	presidency	NOUN
ajfa-1705	39	14	was	be	AUX
ajfa-1705	39	15	extended	extend	VERB
ajfa-1705	39	16	for	for	ADP
ajfa-1705	39	17	another	another	DET
ajfa-1705	39	18	five	five	NUM
ajfa-1705	39	19	years	year	NOUN
ajfa-1705	39	20	.	.	PUNCT
ajfa-1705	40	1	although	although	SCONJ
ajfa-1705	40	2	parliamentary	parliamentary	ADJ
ajfa-1705	40	3	elections	election	NOUN
ajfa-1705	40	4	were	be	AUX
ajfa-1705	40	5	to	to	PART
ajfa-1705	40	6	take	take	VERB
ajfa-1705	40	7	place	place	NOUN
ajfa-1705	40	8	in	in	ADP
ajfa-1705	40	9	2007	2007	NUM
ajfa-1705	40	10	,	,	PUNCT
ajfa-1705	40	11	they	they	PRON
ajfa-1705	40	12	were	be	AUX
ajfa-1705	40	13	first	first	ADV
ajfa-1705	40	14	postponed	postpone	VERB
ajfa-1705	40	15	because	because	SCONJ
ajfa-1705	40	16	of	of	ADP
ajfa-1705	40	17	doubts	doubt	NOUN
ajfa-1705	40	18	of	of	ADP
ajfa-1705	40	19	instability	instability	NOUN
ajfa-1705	40	20	and	and	CCONJ
ajfa-1705	40	21	later	later	ADV
ajfa-1705	40	22	as	as	ADP
ajfa-1705	40	23	a	a	DET
ajfa-1705	40	24	result	result	NOUN
ajfa-1705	40	25	of	of	ADP
ajfa-1705	40	26	the	the	DET
ajfa-1705	40	27	assassination	assassination	NOUN
ajfa-1705	40	28	of	of	ADP
ajfa-1705	40	29	benazir	benazir	PROPN
ajfa-1705	40	30	bhutto	bhutto	PROPN
ajfa-1705	40	31	in	in	ADP
ajfa-1705	40	32	december	december	PROPN
ajfa-1705	40	33	2007	2007	NUM
ajfa-1705	40	34	.	.	PUNCT
ajfa-1705	41	1	when	when	SCONJ
ajfa-1705	41	2	the	the	DET
ajfa-1705	41	3	elections	election	NOUN
ajfa-1705	41	4	finally	finally	ADV
ajfa-1705	41	5	took	take	VERB
ajfa-1705	41	6	place	place	NOUN
ajfa-1705	41	7	in	in	ADP
ajfa-1705	41	8	february	february	PROPN
ajfa-1705	41	9	2008	2008	NUM
ajfa-1705	41	10	,	,	PUNCT
ajfa-1705	41	11	president	president	PROPN
ajfa-1705	41	12	musharraf	musharraf	PROPN
ajfa-1705	41	13	was	be	AUX
ajfa-1705	41	14	crushed	crush	VERB
ajfa-1705	41	15	by	by	ADP
ajfa-1705	41	16	the	the	DET
ajfa-1705	41	17	ppp	ppp	PROPN
ajfa-1705	41	18	and	and	CCONJ
ajfa-1705	41	19	pml	pml	PROPN
ajfa-1705	41	20	(	(	PUNCT
ajfa-1705	41	21	n	n	CCONJ
ajfa-1705	41	22	)	)	PUNCT
ajfa-1705	41	23	.	.	PUNCT
ajfa-1705	42	1	both	both	DET
ajfa-1705	42	2	parties	party	NOUN
ajfa-1705	42	3	formed	form	VERB
ajfa-1705	42	4	a	a	DET
ajfa-1705	42	5	coalition	coalition	NOUN
ajfa-1705	42	6	government	government	NOUN
ajfa-1705	42	7	in	in	ADP
ajfa-1705	42	8	march	march	PROPN
ajfa-1705	42	9	2008	2008	NUM
ajfa-1705	42	10	with	with	ADP
ajfa-1705	42	11	a	a	DET
ajfa-1705	42	12	new	new	ADJ
ajfa-1705	42	13	prime	prime	ADJ
ajfa-1705	42	14	minister	minister	NOUN
ajfa-1705	42	15	in	in	ADP
ajfa-1705	42	16	power	power	NOUN
ajfa-1705	42	17	,	,	PUNCT
ajfa-1705	42	18	yusuf	yusuf	PROPN
ajfa-1705	42	19	raza	raza	PROPN
ajfa-1705	42	20	gilani	gilani	PROPN
ajfa-1705	42	21	.	.	PUNCT
ajfa-1705	43	1	the	the	DET
ajfa-1705	43	2	purpose	purpose	NOUN
ajfa-1705	43	3	of	of	ADP
ajfa-1705	43	4	this	this	DET
ajfa-1705	43	5	paper	paper	NOUN
ajfa-1705	43	6	is	be	AUX
ajfa-1705	43	7	to	to	PART
ajfa-1705	43	8	examine	examine	VERB
ajfa-1705	43	9	the	the	DET
ajfa-1705	43	10	impact	impact	NOUN
ajfa-1705	43	11	of	of	ADP
ajfa-1705	43	12	political	political	ADJ
ajfa-1705	43	13	uncertainty	uncertainty	NOUN
ajfa-1705	43	14	on	on	ADP
ajfa-1705	43	15	stock	stock	NOUN
ajfa-1705	43	16	exchange	exchange	NOUN
ajfa-1705	43	17	.	.	PUNCT
ajfa-1705	44	1	this	this	DET
ajfa-1705	44	2	paper	paper	NOUN
ajfa-1705	44	3	contributes	contribute	VERB
ajfa-1705	44	4	to	to	ADP
ajfa-1705	44	5	the	the	DET
ajfa-1705	44	6	existing	exist	VERB
ajfa-1705	44	7	literature	literature	NOUN
ajfa-1705	44	8	in	in	ADP
ajfa-1705	44	9	the	the	DET
ajfa-1705	44	10	following	following	ADJ
ajfa-1705	44	11	way	way	NOUN
ajfa-1705	44	12	.	.	PUNCT
ajfa-1705	45	1	first	first	ADV
ajfa-1705	45	2	,	,	PUNCT
ajfa-1705	45	3	to	to	ADP
ajfa-1705	45	4	our	our	PRON
ajfa-1705	45	5	best	good	ADJ
ajfa-1705	45	6	knowledge	knowledge	NOUN
ajfa-1705	45	7	,	,	PUNCT
ajfa-1705	45	8	the	the	DET
ajfa-1705	45	9	current	current	ADJ
ajfa-1705	45	10	literature	literature	NOUN
ajfa-1705	45	11	lacks	lack	VERB
ajfa-1705	45	12	the	the	DET
ajfa-1705	45	13	empirical	empirical	ADJ
ajfa-1705	45	14	evidence	evidence	NOUN
ajfa-1705	45	15	regarding	regard	VERB
ajfa-1705	45	16	the	the	DET
ajfa-1705	45	17	impact	impact	NOUN
ajfa-1705	45	18	of	of	ADP
ajfa-1705	45	19	political	political	ADJ
ajfa-1705	45	20	news	news	NOUN
ajfa-1705	45	21	on	on	ADP
ajfa-1705	45	22	the	the	DET
ajfa-1705	45	23	return	return	NOUN
ajfa-1705	45	24	and	and	CCONJ
ajfa-1705	45	25	the	the	DET
ajfa-1705	45	26	volatility	volatility	NOUN
ajfa-1705	45	27	at	at	ADP
ajfa-1705	45	28	sector	sector	NOUN
ajfa-1705	45	29	indices	index	NOUN
ajfa-1705	45	30	level	level	VERB
ajfa-1705	45	31	,	,	PUNCT
ajfa-1705	45	32	as	as	SCONJ
ajfa-1705	45	33	all	all	DET
ajfa-1705	45	34	the	the	DET
ajfa-1705	45	35	previous	previous	ADJ
ajfa-1705	45	36	research	research	NOUN
ajfa-1705	45	37	is	be	AUX
ajfa-1705	45	38	done	do	VERB
ajfa-1705	45	39	on	on	ADP
ajfa-1705	45	40	the	the	DET
ajfa-1705	45	41	main	main	ADJ
ajfa-1705	45	42	indices	index	NOUN
ajfa-1705	45	43	.	.	PUNCT
ajfa-1705	46	1	second	second	ADJ
ajfa-1705	46	2	,	,	PUNCT
ajfa-1705	46	3	pakistan	pakistan	PROPN
ajfa-1705	46	4	is	be	AUX
ajfa-1705	46	5	an	an	DET
ajfa-1705	46	6	ideal	ideal	ADJ
ajfa-1705	46	7	laboratory	laboratory	NOUN
ajfa-1705	46	8	to	to	PART
ajfa-1705	46	9	examine	examine	VERB
ajfa-1705	46	10	the	the	DET
ajfa-1705	46	11	impact	impact	NOUN
ajfa-1705	46	12	of	of	ADP
ajfa-1705	46	13	political	political	ADJ
ajfa-1705	46	14	events	event	NOUN
ajfa-1705	46	15	as	as	SCONJ
ajfa-1705	46	16	there	there	PRON
ajfa-1705	46	17	is	be	VERB
ajfa-1705	46	18	a	a	DET
ajfa-1705	46	19	high	high	ADJ
ajfa-1705	46	20	density	density	NOUN
ajfa-1705	46	21	of	of	ADP
ajfa-1705	46	22	political	political	ADJ
ajfa-1705	46	23	instability	instability	NOUN
ajfa-1705	46	24	and	and	CCONJ
ajfa-1705	46	25	involvement	involvement	NOUN
ajfa-1705	46	26	of	of	ADP
ajfa-1705	46	27	army	army	NOUN
ajfa-1705	46	28	in	in	ADP
ajfa-1705	46	29	the	the	DET
ajfa-1705	46	30	politics	politic	NOUN
ajfa-1705	46	31	.	.	PUNCT
ajfa-1705	47	1	in	in	ADP
ajfa-1705	47	2	this	this	DET
ajfa-1705	47	3	paper	paper	NOUN
ajfa-1705	47	4	we	we	PRON
ajfa-1705	47	5	analysed	analyse	VERB
ajfa-1705	47	6	the	the	DET
ajfa-1705	47	7	consequences	consequence	NOUN
ajfa-1705	47	8	of	of	ADP
ajfa-1705	47	9	political	political	ADJ
ajfa-1705	47	10	news	news	NOUN
ajfa-1705	47	11	on	on	ADP
ajfa-1705	47	12	the	the	DET
ajfa-1705	47	13	stock	stock	NOUN
ajfa-1705	47	14	market	market	NOUN
ajfa-1705	47	15	returns	return	NOUN
ajfa-1705	47	16	and	and	CCONJ
ajfa-1705	47	17	volatility	volatility	NOUN
ajfa-1705	47	18	.	.	PUNCT
ajfa-1705	48	1	for	for	ADP
ajfa-1705	48	2	this	this	DET
ajfa-1705	48	3	purpose	purpose	NOUN
ajfa-1705	48	4	we	we	PRON
ajfa-1705	48	5	split	split	VERB
ajfa-1705	48	6	the	the	DET
ajfa-1705	48	7	political	political	ADJ
ajfa-1705	48	8	news	news	NOUN
ajfa-1705	48	9	into	into	ADP
ajfa-1705	48	10	two	two	NUM
ajfa-1705	48	11	categories	category	NOUN
ajfa-1705	48	12	(	(	PUNCT
ajfa-1705	48	13	good	good	ADJ
ajfa-1705	48	14	and	and	CCONJ
ajfa-1705	48	15	bad	bad	ADJ
ajfa-1705	48	16	news	news	NOUN
ajfa-1705	48	17	)	)	PUNCT
ajfa-1705	48	18	.	.	PUNCT
ajfa-1705	49	1	we	we	PRON
ajfa-1705	49	2	use	use	VERB
ajfa-1705	49	3	the	the	DET
ajfa-1705	49	4	daily	daily	ADJ
ajfa-1705	49	5	data	datum	NOUN
ajfa-1705	49	6	from	from	ADP
ajfa-1705	49	7	karachi	karachi	PROPN
ajfa-1705	49	8	stock	stock	PROPN
ajfa-1705	49	9	exchange	exchange	PROPN
ajfa-1705	49	10	to	to	PART
ajfa-1705	49	11	observe	observe	VERB
ajfa-1705	49	12	the	the	DET
ajfa-1705	49	13	affect	affect	NOUN
ajfa-1705	49	14	of	of	ADP
ajfa-1705	49	15	political	political	ADJ
ajfa-1705	49	16	news	news	NOUN
ajfa-1705	49	17	on	on	ADP
ajfa-1705	49	18	the	the	DET
ajfa-1705	49	19	stock	stock	NOUN
ajfa-1705	49	20	market	market	NOUN
ajfa-1705	49	21	.	.	PUNCT
ajfa-1705	50	1	furthermore	furthermore	ADV
ajfa-1705	50	2	,	,	PUNCT
ajfa-1705	50	3	we	we	PRON
ajfa-1705	50	4	examine	examine	VERB
ajfa-1705	50	5	the	the	DET
ajfa-1705	50	6	returns	return	NOUN
ajfa-1705	50	7	of	of	ADP
ajfa-1705	50	8	different	different	ADJ
ajfa-1705	50	9	sectors	sector	NOUN
ajfa-1705	50	10	to	to	PART
ajfa-1705	50	11	examine	examine	VERB
ajfa-1705	50	12	either	either	CCONJ
ajfa-1705	50	13	they	they	PRON
ajfa-1705	50	14	are	be	AUX
ajfa-1705	50	15	also	also	ADV
ajfa-1705	50	16	affected	affect	VERB
ajfa-1705	50	17	by	by	ADP
ajfa-1705	50	18	the	the	DET
ajfa-1705	50	19	political	political	ADJ
ajfa-1705	50	20	news	news	NOUN
ajfa-1705	50	21	or	or	CCONJ
ajfa-1705	50	22	not	not	PART
ajfa-1705	50	23	.	.	PUNCT
ajfa-1705	51	1	additionally	additionally	ADV
ajfa-1705	51	2	this	this	PRON
ajfa-1705	51	3	also	also	ADV
ajfa-1705	51	4	helps	help	VERB
ajfa-1705	51	5	us	we	PRON
ajfa-1705	51	6	to	to	PART
ajfa-1705	51	7	identify	identify	VERB
ajfa-1705	51	8	which	which	DET
ajfa-1705	51	9	sector	sector	NOUN
ajfa-1705	51	10	responds	respond	VERB
ajfa-1705	51	11	more	more	ADJ
ajfa-1705	51	12	to	to	ADP
ajfa-1705	51	13	the	the	DET
ajfa-1705	51	14	political	political	ADJ
ajfa-1705	51	15	news	news	NOUN
ajfa-1705	51	16	.	.	PUNCT
ajfa-1705	52	1	we	we	PRON
ajfa-1705	52	2	used	use	VERB
ajfa-1705	52	3	univariate	univariate	ADJ
ajfa-1705	52	4	asymmetric	asymmetric	ADJ
ajfa-1705	52	5	garch	garch	NOUN
ajfa-1705	52	6	model	model	NOUN
ajfa-1705	52	7	,	,	PUNCT
ajfa-1705	52	8	to	to	PART
ajfa-1705	52	9	gauge	gauge	VERB
ajfa-1705	52	10	the	the	DET
ajfa-1705	52	11	impact	impact	NOUN
ajfa-1705	52	12	of	of	ADP
ajfa-1705	52	13	political	political	ADJ
ajfa-1705	52	14	news	news	NOUN
ajfa-1705	52	15	on	on	ADP
ajfa-1705	52	16	the	the	DET
ajfa-1705	52	17	returns	return	NOUN
ajfa-1705	52	18	and	and	CCONJ
ajfa-1705	52	19	volatility	volatility	NOUN
ajfa-1705	52	20	.	.	PUNCT
ajfa-1705	53	1	we	we	PRON
ajfa-1705	53	2	specifically	specifically	ADV
ajfa-1705	53	3	used	use	VERB
ajfa-1705	53	4	egarch	egarch	NOUN
ajfa-1705	53	5	as	as	SCONJ
ajfa-1705	53	6	it	it	PRON
ajfa-1705	53	7	allows	allow	VERB
ajfa-1705	53	8	good	good	ADJ
ajfa-1705	53	9	news	news	NOUN
ajfa-1705	53	10	and	and	CCONJ
ajfa-1705	53	11	bad	bad	ADJ
ajfa-1705	53	12	news	news	NOUN
ajfa-1705	53	13	to	to	PART
ajfa-1705	53	14	have	have	VERB
ajfa-1705	53	15	different	different	ADJ
ajfa-1705	53	16	impact	impact	NOUN
ajfa-1705	53	17	on	on	ADP
ajfa-1705	53	18	volatility	volatility	NOUN
ajfa-1705	53	19	while	while	SCONJ
ajfa-1705	53	20	standard	standard	ADJ
ajfa-1705	53	21	garch	garch	NOUN
ajfa-1705	53	22	model	model	NOUN
ajfa-1705	53	23	does	do	AUX
ajfa-1705	53	24	not	not	PART
ajfa-1705	53	25	(	(	PUNCT
ajfa-1705	53	26	engle	engle	NOUN
ajfa-1705	53	27	and	and	CCONJ
ajfa-1705	53	28	victor	victor	PROPN
ajfa-1705	53	29	1993	1993	NUM
ajfa-1705	53	30	)	)	PUNCT
ajfa-1705	53	31	.	.	PUNCT
ajfa-1705	54	1	our	our	PRON
ajfa-1705	54	2	results	result	NOUN
ajfa-1705	54	3	shows	show	VERB
ajfa-1705	54	4	,	,	PUNCT
ajfa-1705	54	5	that	that	SCONJ
ajfa-1705	54	6	the	the	DET
ajfa-1705	54	7	good	good	PROPN
ajfa-1705	54	8	news	news	PROPN
ajfa-1705	54	9	has	have	VERB
ajfa-1705	54	10	positive	positive	ADJ
ajfa-1705	54	11	impact	impact	NOUN
ajfa-1705	54	12	on	on	ADP
ajfa-1705	54	13	the	the	DET
ajfa-1705	54	14	returns	return	NOUN
ajfa-1705	54	15	of	of	ADP
ajfa-1705	54	16	the	the	DET
ajfa-1705	54	17	kse100	kse100	PROPN
ajfa-1705	54	18	index	index	NOUN
ajfa-1705	54	19	and	and	CCONJ
ajfa-1705	54	20	good	good	ADJ
ajfa-1705	54	21	news	news	PROPN
ajfa-1705	54	22	also	also	ADV
ajfa-1705	54	23	decreased	decrease	VERB
ajfa-1705	54	24	the	the	DET
ajfa-1705	54	25	volatility	volatility	NOUN
ajfa-1705	54	26	.	.	PUNCT
ajfa-1705	55	1	on	on	ADP
ajfa-1705	55	2	the	the	DET
ajfa-1705	55	3	other	other	ADJ
ajfa-1705	55	4	hand	hand	NOUN
ajfa-1705	55	5	,	,	PUNCT
ajfa-1705	55	6	bad	bad	ADJ
ajfa-1705	55	7	political	political	ADJ
ajfa-1705	55	8	news	news	NOUN
ajfa-1705	55	9	has	have	VERB
ajfa-1705	55	10	negative	negative	ADJ
ajfa-1705	55	11	impact	impact	NOUN
ajfa-1705	55	12	on	on	ADP
ajfa-1705	55	13	the	the	DET
ajfa-1705	55	14	returns	return	NOUN
ajfa-1705	55	15	(	(	PUNCT
ajfa-1705	55	16	decrease	decrease	VERB
ajfa-1705	55	17	the	the	DET
ajfa-1705	55	18	returns	return	NOUN
ajfa-1705	55	19	)	)	PUNCT
ajfa-1705	55	20	and	and	CCONJ
ajfa-1705	55	21	increase	increase	VERB
ajfa-1705	55	22	the	the	DET
ajfa-1705	55	23	volatility	volatility	NOUN
ajfa-1705	55	24	(	(	PUNCT
ajfa-1705	55	25	positive	positive	ADJ
ajfa-1705	55	26	effect	effect	NOUN
ajfa-1705	55	27	)	)	PUNCT
ajfa-1705	55	28	.	.	PUNCT
ajfa-1705	56	1	furthermore	furthermore	ADV
ajfa-1705	56	2	our	our	PRON
ajfa-1705	56	3	results	result	NOUN
ajfa-1705	56	4	also	also	ADV
ajfa-1705	56	5	confirm	confirm	VERB
ajfa-1705	56	6	that	that	SCONJ
ajfa-1705	56	7	bad	bad	ADJ
ajfa-1705	56	8	news	news	NOUN
ajfa-1705	56	9	has	have	VERB
ajfa-1705	56	10	more	more	ADJ
ajfa-1705	56	11	affect	affect	VERB
ajfa-1705	56	12	(	(	PUNCT
ajfa-1705	56	13	almost	almost	ADV
ajfa-1705	56	14	double	double	ADJ
ajfa-1705	56	15	)	)	PUNCT
ajfa-1705	56	16	on	on	ADP
ajfa-1705	56	17	the	the	DET
ajfa-1705	56	18	volatility	volatility	NOUN
ajfa-1705	56	19	than	than	ADP
ajfa-1705	56	20	the	the	DET
ajfa-1705	56	21	good	good	PROPN
ajfa-1705	56	22	news	news	NOUN
ajfa-1705	56	23	,	,	PUNCT
ajfa-1705	56	24	such	such	ADJ
ajfa-1705	56	25	results	result	NOUN
ajfa-1705	56	26	are	be	AUX
ajfa-1705	56	27	consistent	consistent	ADJ
ajfa-1705	56	28	with	with	ADP
ajfa-1705	56	29	laakkonen	laakkonen	NOUN
ajfa-1705	56	30	and	and	CCONJ
ajfa-1705	56	31	lanne	lanne	PROPN
ajfa-1705	56	32	(	(	PUNCT
ajfa-1705	56	33	2008	2008	NUM
ajfa-1705	56	34	)	)	PUNCT
ajfa-1705	56	35	.	.	PUNCT
ajfa-1705	57	1	most	most	ADJ
ajfa-1705	57	2	of	of	ADP
ajfa-1705	57	3	the	the	DET
ajfa-1705	57	4	sectors	sector	NOUN
ajfa-1705	57	5	are	be	AUX
ajfa-1705	57	6	also	also	ADV
ajfa-1705	57	7	affected	affect	VERB
ajfa-1705	57	8	by	by	ADP
ajfa-1705	57	9	the	the	DET
ajfa-1705	57	10	good	good	ADJ
ajfa-1705	57	11	and	and	CCONJ
ajfa-1705	57	12	bad	bad	ADJ
ajfa-1705	57	13	news	news	NOUN
ajfa-1705	57	14	in	in	ADP
ajfa-1705	57	15	the	the	DET
ajfa-1705	57	16	same	same	ADJ
ajfa-1705	57	17	way	way	NOUN
ajfa-1705	57	18	as	as	ADP
ajfa-1705	57	19	kse100	kse100	PROPN
ajfa-1705	57	20	index	index	NOUN
ajfa-1705	57	21	.	.	PUNCT
ajfa-1705	58	1	we	we	PRON
ajfa-1705	58	2	also	also	ADV
ajfa-1705	58	3	found	find	VERB
ajfa-1705	58	4	that	that	SCONJ
ajfa-1705	58	5	a	a	DET
ajfa-1705	58	6	few	few	ADJ
ajfa-1705	58	7	sectors	sector	NOUN
ajfa-1705	58	8	(	(	PUNCT
ajfa-1705	58	9	oil	oil	NOUN
ajfa-1705	58	10	and	and	CCONJ
ajfa-1705	58	11	gas	gas	NOUN
ajfa-1705	58	12	,	,	PUNCT
ajfa-1705	58	13	financial	financial	ADJ
ajfa-1705	58	14	,	,	PUNCT
ajfa-1705	58	15	health	health	NOUN
ajfa-1705	58	16	care	care	NOUN
ajfa-1705	58	17	)	)	PUNCT
ajfa-1705	58	18	are	be	AUX
ajfa-1705	58	19	not	not	PART
ajfa-1705	58	20	statistical	statistical	ADJ
ajfa-1705	58	21	significant	significant	ADJ
ajfa-1705	58	22	for	for	ADP
ajfa-1705	58	23	good	good	ADJ
ajfa-1705	58	24	and	and	CCONJ
ajfa-1705	58	25	bad	bad	ADJ
ajfa-1705	58	26	political	political	ADJ
ajfa-1705	58	27	news	news	NOUN
ajfa-1705	58	28	,	,	PUNCT
ajfa-1705	58	29	means	mean	VERB
ajfa-1705	58	30	these	these	DET
ajfa-1705	58	31	type	type	NOUN
ajfa-1705	58	32	of	of	ADP
ajfa-1705	58	33	news	news	NOUN
ajfa-1705	58	34	do	do	AUX
ajfa-1705	58	35	not	not	PART
ajfa-1705	58	36	affect	affect	VERB
ajfa-1705	58	37	the	the	DET
ajfa-1705	58	38	returns	return	NOUN
ajfa-1705	58	39	or	or	CCONJ
ajfa-1705	58	40	volatility	volatility	NOUN
ajfa-1705	58	41	.	.	PUNCT
ajfa-1705	59	1	we	we	PRON
ajfa-1705	59	2	also	also	ADV
ajfa-1705	59	3	reported	report	VERB
ajfa-1705	59	4	the	the	DET
ajfa-1705	59	5	volatility	volatility	NOUN
ajfa-1705	59	6	asymmetry	asymmetry	NOUN
ajfa-1705	59	7	,	,	PUNCT
ajfa-1705	59	8	which	which	PRON
ajfa-1705	59	9	is	be	AUX
ajfa-1705	59	10	negative	negative	ADJ
ajfa-1705	59	11	in	in	ADP
ajfa-1705	59	12	most	most	ADJ
ajfa-1705	59	13	of	of	ADP
ajfa-1705	59	14	the	the	DET
ajfa-1705	59	15	sectors	sector	NOUN
ajfa-1705	59	16	including	include	VERB
ajfa-1705	59	17	the	the	DET
ajfa-1705	59	18	kse	kse	PROPN
ajfa-1705	59	19	100	100	NUM
ajfa-1705	59	20	which	which	PRON
ajfa-1705	59	21	is	be	AUX
ajfa-1705	59	22	due	due	ADJ
ajfa-1705	59	23	to	to	ADP
ajfa-1705	59	24	the	the	DET
ajfa-1705	59	25	leverage	leverage	NOUN
ajfa-1705	59	26	effect	effect	NOUN
ajfa-1705	59	27	.	.	PUNCT
ajfa-1705	60	1	however	however	ADV
ajfa-1705	60	2	the	the	DET
ajfa-1705	60	3	asymmetry	asymmetry	NOUN
ajfa-1705	60	4	for	for	ADP
ajfa-1705	60	5	auto	auto	NOUN
ajfa-1705	60	6	and	and	CCONJ
ajfa-1705	60	7	parts	part	NOUN
ajfa-1705	60	8	is	be	AUX
ajfa-1705	60	9	positive	positive	ADJ
ajfa-1705	60	10	showing	showing	NOUN
ajfa-1705	60	11	that	that	SCONJ
ajfa-1705	60	12	there	there	PRON
ajfa-1705	60	13	is	be	VERB
ajfa-1705	60	14	no	no	DET
ajfa-1705	60	15	leverage	leverage	NOUN
ajfa-1705	60	16	effect	effect	NOUN
ajfa-1705	60	17	in	in	ADP
ajfa-1705	60	18	this	this	PRON
ajfa-1705	60	19	.	.	PUNCT
ajfa-1705	61	1	furthermore	furthermore	ADV
ajfa-1705	61	2	,	,	PUNCT
ajfa-1705	61	3	persistence	persistence	NOUN
ajfa-1705	61	4	parameter	parameter	NOUN
ajfa-1705	61	5	beta	beta	NOUN
ajfa-1705	61	6	is	be	AUX
ajfa-1705	61	7	also	also	ADV
ajfa-1705	61	8	reported	report	VERB
ajfa-1705	61	9	,	,	PUNCT
ajfa-1705	61	10	which	which	PRON
ajfa-1705	61	11	is	be	AUX
ajfa-1705	61	12	very	very	ADV
ajfa-1705	61	13	large	large	ADJ
ajfa-1705	61	14	in	in	ADP
ajfa-1705	61	15	most	most	ADJ
ajfa-1705	61	16	of	of	ADP
ajfa-1705	61	17	the	the	DET
ajfa-1705	61	18	asian	asian	ADJ
ajfa-1705	61	19	journal	journal	NOUN
ajfa-1705	61	20	of	of	ADP
ajfa-1705	61	21	finance	finance	PROPN
ajfa-1705	61	22	&	&	CCONJ
ajfa-1705	61	23	accounting	accounting	PROPN
ajfa-1705	61	24	issn	issn	PROPN
ajfa-1705	61	25	1946	1946	NUM
ajfa-1705	61	26	-	-	PUNCT
ajfa-1705	61	27	052x	052x	NOUN
ajfa-1705	61	28	2012	2012	NUM
ajfa-1705	61	29	,	,	PUNCT
ajfa-1705	61	30	vol	vol	NOUN
ajfa-1705	61	31	.	.	PROPN
ajfa-1705	61	32	4	4	NUM
ajfa-1705	61	33	,	,	PUNCT
ajfa-1705	61	34	no	no	INTJ
ajfa-1705	61	35	.	.	NOUN
ajfa-1705	61	36	1	1	NUM
ajfa-1705	61	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	61	38	302	302	NUM
ajfa-1705	61	39	selected	select	VERB
ajfa-1705	61	40	sectors	sector	NOUN
ajfa-1705	61	41	including	include	VERB
ajfa-1705	61	42	kse	kse	PROPN
ajfa-1705	61	43	100	100	NUM
ajfa-1705	61	44	which	which	PRON
ajfa-1705	61	45	indicate	indicate	VERB
ajfa-1705	61	46	that	that	DET
ajfa-1705	61	47	variance	variance	NOUN
ajfa-1705	61	48	move	move	VERB
ajfa-1705	61	49	slowly	slowly	ADV
ajfa-1705	61	50	through	through	ADP
ajfa-1705	61	51	time	time	NOUN
ajfa-1705	61	52	.	.	PUNCT
ajfa-1705	62	1	our	our	PRON
ajfa-1705	62	2	results	result	NOUN
ajfa-1705	62	3	divulged	divulge	VERB
ajfa-1705	62	4	that	that	SCONJ
ajfa-1705	62	5	the	the	DET
ajfa-1705	62	6	sectors	sector	NOUN
ajfa-1705	62	7	which	which	PRON
ajfa-1705	62	8	response	response	VERB
ajfa-1705	62	9	more	more	ADV
ajfa-1705	62	10	towards	towards	ADP
ajfa-1705	62	11	good	good	ADJ
ajfa-1705	62	12	news	news	NOUN
ajfa-1705	62	13	(	(	PUNCT
ajfa-1705	62	14	volatility	volatility	NOUN
ajfa-1705	62	15	decrease	decrease	VERB
ajfa-1705	62	16	more	more	ADJ
ajfa-1705	62	17	than	than	ADP
ajfa-1705	62	18	other	other	ADJ
ajfa-1705	62	19	such	such	ADJ
ajfa-1705	62	20	as	as	ADP
ajfa-1705	62	21	basic	basic	ADJ
ajfa-1705	62	22	material	material	NOUN
ajfa-1705	62	23	and	and	CCONJ
ajfa-1705	62	24	industries	industry	NOUN
ajfa-1705	62	25	)	)	PUNCT
ajfa-1705	62	26	has	have	VERB
ajfa-1705	62	27	lower	low	ADJ
ajfa-1705	62	28	beta	beta	NOUN
ajfa-1705	62	29	,	,	PUNCT
ajfa-1705	62	30	means	mean	VERB
ajfa-1705	62	31	variance	variance	NOUN
ajfa-1705	62	32	move	move	VERB
ajfa-1705	62	33	quickly	quickly	ADV
ajfa-1705	62	34	through	through	ADP
ajfa-1705	62	35	the	the	DET
ajfa-1705	62	36	time	time	NOUN
ajfa-1705	62	37	.	.	PUNCT
ajfa-1705	63	1	the	the	DET
ajfa-1705	63	2	organization	organization	NOUN
ajfa-1705	63	3	of	of	ADP
ajfa-1705	63	4	this	this	DET
ajfa-1705	63	5	study	study	NOUN
ajfa-1705	63	6	is	be	AUX
ajfa-1705	63	7	as	as	SCONJ
ajfa-1705	63	8	follows	follow	VERB
ajfa-1705	63	9	.	.	PUNCT
ajfa-1705	64	1	section	section	NOUN
ajfa-1705	64	2	2	2	NUM
ajfa-1705	64	3	presents	present	VERB
ajfa-1705	64	4	the	the	DET
ajfa-1705	64	5	formulation	formulation	NOUN
ajfa-1705	64	6	of	of	ADP
ajfa-1705	64	7	hypotheses	hypothesis	NOUN
ajfa-1705	64	8	and	and	CCONJ
ajfa-1705	64	9	egarch	egarch	NOUN
ajfa-1705	64	10	modelling	modelling	NOUN
ajfa-1705	64	11	of	of	ADP
ajfa-1705	64	12	financial	financial	ADJ
ajfa-1705	64	13	returns	return	NOUN
ajfa-1705	64	14	and	and	CCONJ
ajfa-1705	64	15	volatility	volatility	NOUN
ajfa-1705	64	16	.	.	PUNCT
ajfa-1705	65	1	section	section	NOUN
ajfa-1705	65	2	3	3	NUM
ajfa-1705	65	3	describes	describe	VERB
ajfa-1705	65	4	the	the	DET
ajfa-1705	65	5	data	datum	NOUN
ajfa-1705	65	6	.	.	PUNCT
ajfa-1705	66	1	empirical	empirical	ADJ
ajfa-1705	66	2	findings	finding	NOUN
ajfa-1705	66	3	are	be	AUX
ajfa-1705	66	4	discussed	discuss	VERB
ajfa-1705	66	5	in	in	ADP
ajfa-1705	66	6	section	section	NOUN
ajfa-1705	66	7	4	4	NUM
ajfa-1705	66	8	.	.	PUNCT
ajfa-1705	67	1	further	further	ADJ
ajfa-1705	67	2	research	research	NOUN
ajfa-1705	67	3	areas	area	NOUN
ajfa-1705	67	4	and	and	CCONJ
ajfa-1705	67	5	the	the	DET
ajfa-1705	67	6	conclusion	conclusion	NOUN
ajfa-1705	67	7	are	be	AUX
ajfa-1705	67	8	presented	present	VERB
ajfa-1705	67	9	in	in	ADP
ajfa-1705	67	10	section	section	NOUN
ajfa-1705	67	11	5	5	NUM
ajfa-1705	67	12	.	.	SYM
ajfa-1705	67	13	2	2	NUM
ajfa-1705	67	14	.	.	X
ajfa-1705	67	15	methodology	methodology	NOUN
ajfa-1705	67	16	even	even	ADV
ajfa-1705	67	17	though	though	SCONJ
ajfa-1705	67	18	garch	garch	NOUN
ajfa-1705	67	19	performs	perform	VERB
ajfa-1705	67	20	well	well	ADV
ajfa-1705	67	21	at	at	ADP
ajfa-1705	67	22	describing	describe	VERB
ajfa-1705	67	23	volatility	volatility	NOUN
ajfa-1705	67	24	,	,	PUNCT
ajfa-1705	67	25	its	its	PRON
ajfa-1705	67	26	underlying	underlying	ADJ
ajfa-1705	67	27	assumption	assumption	NOUN
ajfa-1705	67	28	about	about	ADP
ajfa-1705	67	29	the	the	DET
ajfa-1705	67	30	behavior	behavior	NOUN
ajfa-1705	67	31	of	of	ADP
ajfa-1705	67	32	the	the	DET
ajfa-1705	67	33	squared	square	VERB
ajfa-1705	67	34	residuals	residual	NOUN
ajfa-1705	67	35	is	be	AUX
ajfa-1705	67	36	problematic	problematic	ADJ
ajfa-1705	67	37	.	.	PUNCT
ajfa-1705	68	1	the	the	DET
ajfa-1705	68	2	model	model	NOUN
ajfa-1705	68	3	expects	expect	VERB
ajfa-1705	68	4	that	that	SCONJ
ajfa-1705	68	5	the	the	DET
ajfa-1705	68	6	same	same	ADJ
ajfa-1705	68	7	magnitude	magnitude	NOUN
ajfa-1705	68	8	of	of	ADP
ajfa-1705	68	9	positive	positive	ADJ
ajfa-1705	68	10	and	and	CCONJ
ajfa-1705	68	11	negative	negative	ADJ
ajfa-1705	68	12	shocks	shock	NOUN
ajfa-1705	68	13	have	have	VERB
ajfa-1705	68	14	the	the	DET
ajfa-1705	68	15	same	same	ADJ
ajfa-1705	68	16	effects	effect	NOUN
ajfa-1705	68	17	on	on	ADP
ajfa-1705	68	18	variance	variance	NOUN
ajfa-1705	68	19	.	.	PUNCT
ajfa-1705	69	1	this	this	PRON
ajfa-1705	69	2	is	be	AUX
ajfa-1705	69	3	seen	see	VERB
ajfa-1705	69	4	in	in	ADP
ajfa-1705	69	5	the	the	DET
ajfa-1705	69	6	model	model	NOUN
ajfa-1705	69	7	by	by	ADP
ajfa-1705	69	8	squaring	square	VERB
ajfa-1705	69	9	the	the	DET
ajfa-1705	69	10	previous	previous	ADJ
ajfa-1705	69	11	values	value	NOUN
ajfa-1705	69	12	of	of	ADP
ajfa-1705	69	13	shocks	shock	NOUN
ajfa-1705	69	14	.	.	PUNCT
ajfa-1705	70	1	by	by	ADP
ajfa-1705	70	2	doing	do	VERB
ajfa-1705	70	3	this	this	PRON
ajfa-1705	70	4	the	the	DET
ajfa-1705	70	5	sign	sign	NOUN
ajfa-1705	70	6	of	of	ADP
ajfa-1705	70	7	the	the	DET
ajfa-1705	70	8	shocks	shock	NOUN
ajfa-1705	70	9	is	be	AUX
ajfa-1705	70	10	lost	lose	VERB
ajfa-1705	70	11	.	.	PUNCT
ajfa-1705	71	1	to	to	PART
ajfa-1705	71	2	solve	solve	VERB
ajfa-1705	71	3	this	this	DET
ajfa-1705	71	4	problem	problem	NOUN
ajfa-1705	71	5	,	,	PUNCT
ajfa-1705	71	6	asymmetric	asymmetric	ADJ
ajfa-1705	71	7	,	,	PUNCT
ajfa-1705	71	8	non	non	ADJ
ajfa-1705	71	9	-	-	ADJ
ajfa-1705	71	10	linear	linear	ADJ
ajfa-1705	71	11	models	model	NOUN
ajfa-1705	71	12	were	be	AUX
ajfa-1705	71	13	introduced	introduce	VERB
ajfa-1705	71	14	.	.	PUNCT
ajfa-1705	72	1	in	in	ADP
ajfa-1705	72	2	this	this	DET
ajfa-1705	72	3	study	study	NOUN
ajfa-1705	72	4	our	our	PRON
ajfa-1705	72	5	focus	focus	NOUN
ajfa-1705	72	6	lies	lie	VERB
ajfa-1705	72	7	only	only	ADV
ajfa-1705	72	8	on	on	ADP
ajfa-1705	72	9	egarch	egarch	NOUN
ajfa-1705	72	10	model	model	NOUN
ajfa-1705	72	11	.	.	PUNCT
ajfa-1705	73	1	2.1	2.1	NUM
ajfa-1705	73	2	the	the	DET
ajfa-1705	73	3	egarch	egarch	NOUN
ajfa-1705	73	4	model	model	PROPN
ajfa-1705	73	5	nelson	nelson	PROPN
ajfa-1705	73	6	(	(	PUNCT
ajfa-1705	73	7	1991	1991	NUM
ajfa-1705	73	8	)	)	PUNCT
ajfa-1705	73	9	introduce	introduce	VERB
ajfa-1705	73	10	the	the	DET
ajfa-1705	73	11	exponential	exponential	ADJ
ajfa-1705	73	12	garch	garch	NOUN
ajfa-1705	73	13	which	which	PRON
ajfa-1705	73	14	is	be	AUX
ajfa-1705	73	15	more	more	ADV
ajfa-1705	73	16	useful	useful	ADJ
ajfa-1705	73	17	as	as	SCONJ
ajfa-1705	73	18	compared	compare	VERB
ajfa-1705	73	19	to	to	ADP
ajfa-1705	73	20	garch	garch	NOUN
ajfa-1705	73	21	because	because	SCONJ
ajfa-1705	73	22	it	it	PRON
ajfa-1705	73	23	allows	allow	VERB
ajfa-1705	73	24	good	good	ADJ
ajfa-1705	73	25	news	news	NOUN
ajfa-1705	73	26	and	and	CCONJ
ajfa-1705	73	27	bad	bad	ADJ
ajfa-1705	73	28	news	news	NOUN
ajfa-1705	73	29	to	to	PART
ajfa-1705	73	30	have	have	VERB
ajfa-1705	73	31	a	a	DET
ajfa-1705	73	32	different	different	ADJ
ajfa-1705	73	33	impact	impact	NOUN
ajfa-1705	73	34	on	on	ADP
ajfa-1705	73	35	volatility	volatility	NOUN
ajfa-1705	73	36	and	and	CCONJ
ajfa-1705	73	37	it	it	PRON
ajfa-1705	73	38	also	also	ADV
ajfa-1705	73	39	allows	allow	VERB
ajfa-1705	73	40	big	big	ADJ
ajfa-1705	73	41	news	news	NOUN
ajfa-1705	73	42	to	to	PART
ajfa-1705	73	43	have	have	VERB
ajfa-1705	73	44	greater	great	ADJ
ajfa-1705	73	45	impact	impact	NOUN
ajfa-1705	73	46	on	on	ADP
ajfa-1705	73	47	volatility	volatility	NOUN
ajfa-1705	73	48	.	.	PUNCT
ajfa-1705	74	1	this	this	DET
ajfa-1705	74	2	model	model	NOUN
ajfa-1705	74	3	work	work	NOUN
ajfa-1705	74	4	in	in	ADP
ajfa-1705	74	5	two	two	NUM
ajfa-1705	74	6	steps	step	NOUN
ajfa-1705	74	7	,	,	PUNCT
ajfa-1705	74	8	firstly	firstly	ADV
ajfa-1705	74	9	it	it	PRON
ajfa-1705	74	10	considers	consider	VERB
ajfa-1705	74	11	the	the	DET
ajfa-1705	74	12	means	mean	NOUN
ajfa-1705	74	13	and	and	CCONJ
ajfa-1705	74	14	secondly	secondly	ADV
ajfa-1705	74	15	the	the	DET
ajfa-1705	74	16	variance	variance	NOUN
ajfa-1705	74	17	.	.	PUNCT
ajfa-1705	75	1	one	one	NUM
ajfa-1705	75	2	way	way	NOUN
ajfa-1705	75	3	to	to	PART
ajfa-1705	75	4	define	define	VERB
ajfa-1705	75	5	the	the	DET
ajfa-1705	75	6	egarch	egarch	NOUN
ajfa-1705	75	7	model	model	NOUN
ajfa-1705	75	8	is	be	AUX
ajfa-1705	75	9	:	:	PUNCT
ajfa-1705	75	10	log	log	PROPN
ajfa-1705	75	11	σ	σ	PROPN
ajfa-1705	75	12	ω	ω	PROPN
ajfa-1705	75	13	α	α	PROPN
ajfa-1705	75	14	f	f	PROPN
ajfa-1705	75	15	z	z	PROPN
ajfa-1705	75	16	βlog	βlog	PROPN
ajfa-1705	76	1	σ	σ	X
ajfa-1705	76	2	(	(	PUNCT
ajfa-1705	76	3	1	1	NUM
ajfa-1705	76	4	)	)	PUNCT
ajfa-1705	77	1	|	|	ADV
ajfa-1705	78	1	|	|	ADV
ajfa-1705	78	2	|	|	ADV
ajfa-1705	78	3	|	|	INTJ
ajfa-1705	78	4	(	(	PUNCT
ajfa-1705	78	5	2	2	NUM
ajfa-1705	78	6	)	)	PUNCT
ajfa-1705	78	7	where	where	SCONJ
ajfa-1705	78	8	,	,	PUNCT
ajfa-1705	78	9	/	/	PUNCT
ajfa-1705	78	10	,	,	PUNCT
ajfa-1705	78	11	,	,	PUNCT
ajfa-1705	78	12	are	be	AUX
ajfa-1705	78	13	parameters	parameter	NOUN
ajfa-1705	78	14	for	for	ADP
ajfa-1705	78	15	conditional	conditional	ADJ
ajfa-1705	78	16	variance	variance	NOUN
ajfa-1705	78	17	estimation	estimation	NOUN
ajfa-1705	78	18	.	.	PUNCT
ajfa-1705	79	1	,	,	PUNCT
ajfa-1705	79	2	indicate	indicate	VERB
ajfa-1705	79	3	the	the	DET
ajfa-1705	79	4	impact	impact	NOUN
ajfa-1705	79	5	of	of	ADP
ajfa-1705	79	6	the	the	DET
ajfa-1705	79	7	last	last	ADJ
ajfa-1705	79	8	period	period	NOUN
ajfa-1705	79	9	measures	measure	NOUN
ajfa-1705	79	10	on	on	ADP
ajfa-1705	79	11	the	the	DET
ajfa-1705	79	12	conditional	conditional	ADJ
ajfa-1705	79	13	variance	variance	NOUN
ajfa-1705	79	14	.	.	PUNCT
ajfa-1705	80	1	if	if	SCONJ
ajfa-1705	80	2	the	the	PRON
ajfa-1705	80	3	is	be	AUX
ajfa-1705	80	4	positive	positive	ADJ
ajfa-1705	80	5	that	that	PRON
ajfa-1705	80	6	means	mean	VERB
ajfa-1705	80	7	a	a	DET
ajfa-1705	80	8	positive	positive	ADJ
ajfa-1705	80	9	change	change	NOUN
ajfa-1705	80	10	in	in	ADP
ajfa-1705	80	11	stock	stock	NOUN
ajfa-1705	80	12	prices	price	NOUN
ajfa-1705	80	13	is	be	AUX
ajfa-1705	80	14	associated	associate	VERB
ajfa-1705	80	15	with	with	ADP
ajfa-1705	80	16	further	further	ADJ
ajfa-1705	80	17	positive	positive	ADJ
ajfa-1705	80	18	change	change	NOUN
ajfa-1705	80	19	and	and	CCONJ
ajfa-1705	80	20	vice	vice	NOUN
ajfa-1705	80	21	versa	versa	ADV
ajfa-1705	80	22	.	.	PUNCT
ajfa-1705	81	1	is	be	AUX
ajfa-1705	81	2	a	a	DET
ajfa-1705	81	3	coefficient	coefficient	NOUN
ajfa-1705	81	4	which	which	PRON
ajfa-1705	81	5	measures	measure	VERB
ajfa-1705	81	6	the	the	DET
ajfa-1705	81	7	effect	effect	NOUN
ajfa-1705	81	8	of	of	ADP
ajfa-1705	81	9	previous	previous	ADJ
ajfa-1705	81	10	period	period	NOUN
ajfa-1705	81	11	in	in	ADP
ajfa-1705	81	12	the	the	DET
ajfa-1705	81	13	information	information	NOUN
ajfa-1705	81	14	set	set	VERB
ajfa-1705	81	15	and	and	CCONJ
ajfa-1705	81	16	explain	explain	VERB
ajfa-1705	81	17	the	the	DET
ajfa-1705	81	18	past	past	ADJ
ajfa-1705	81	19	standardized	standardized	ADJ
ajfa-1705	81	20	residuals	residual	NOUN
ajfa-1705	81	21	influence	influence	NOUN
ajfa-1705	81	22	on	on	ADP
ajfa-1705	81	23	the	the	DET
ajfa-1705	81	24	current	current	ADJ
ajfa-1705	81	25	volatility	volatility	NOUN
ajfa-1705	81	26	.	.	PUNCT
ajfa-1705	82	1	furthermore	furthermore	ADV
ajfa-1705	82	2	,	,	PUNCT
ajfa-1705	82	3	signify	signify	VERB
ajfa-1705	82	4	the	the	DET
ajfa-1705	82	5	asymmetry	asymmetry	NOUN
ajfa-1705	82	6	effect	effect	NOUN
ajfa-1705	82	7	the	the	PRON
ajfa-1705	82	8	in	in	ADP
ajfa-1705	82	9	the	the	DET
ajfa-1705	82	10	variance	variance	NOUN
ajfa-1705	82	11	,	,	PUNCT
ajfa-1705	82	12	a	a	DET
ajfa-1705	82	13	negative	negative	ADJ
ajfa-1705	82	14	means	mean	NOUN
ajfa-1705	82	15	that	that	SCONJ
ajfa-1705	82	16	bad	bad	ADJ
ajfa-1705	82	17	news	news	NOUN
ajfa-1705	82	18	has	have	AUX
ajfa-1705	82	19	higher	high	ADJ
ajfa-1705	82	20	impact	impact	NOUN
ajfa-1705	82	21	on	on	ADP
ajfa-1705	82	22	volatility	volatility	NOUN
ajfa-1705	82	23	than	than	ADP
ajfa-1705	82	24	the	the	DET
ajfa-1705	82	25	good	good	ADJ
ajfa-1705	82	26	one	one	NOUN
ajfa-1705	82	27	with	with	ADP
ajfa-1705	82	28	the	the	DET
ajfa-1705	82	29	same	same	ADJ
ajfa-1705	82	30	magnitude	magnitude	NOUN
ajfa-1705	82	31	.	.	PUNCT
ajfa-1705	83	1	since	since	SCONJ
ajfa-1705	83	2	egarch	egarch	NOUN
ajfa-1705	83	3	models	model	NOUN
ajfa-1705	83	4	the	the	DET
ajfa-1705	83	5	logarithmic	logarithmic	ADJ
ajfa-1705	83	6	time	time	NOUN
ajfa-1705	83	7	-	-	PUNCT
ajfa-1705	83	8	varying	vary	VERB
ajfa-1705	83	9	conditional	conditional	ADJ
ajfa-1705	83	10	variance	variance	NOUN
ajfa-1705	83	11	,	,	PUNCT
ajfa-1705	83	12	the	the	DET
ajfa-1705	83	13	parameters	parameter	NOUN
ajfa-1705	83	14	are	be	AUX
ajfa-1705	83	15	allowed	allow	VERB
ajfa-1705	83	16	to	to	PART
ajfa-1705	83	17	be	be	AUX
ajfa-1705	83	18	negative	negative	ADJ
ajfa-1705	83	19	.	.	PUNCT
ajfa-1705	84	1	this	this	PRON
ajfa-1705	84	2	means	mean	VERB
ajfa-1705	84	3	that	that	SCONJ
ajfa-1705	84	4	the	the	DET
ajfa-1705	84	5	model	model	NOUN
ajfa-1705	84	6	does	do	AUX
ajfa-1705	84	7	not	not	PART
ajfa-1705	84	8	require	require	VERB
ajfa-1705	84	9	any	any	DET
ajfa-1705	84	10	non	non	ADJ
ajfa-1705	84	11	-	-	ADJ
ajfa-1705	84	12	negativity	negativity	ADJ
ajfa-1705	84	13	constraints	constraint	NOUN
ajfa-1705	84	14	in	in	ADP
ajfa-1705	84	15	the	the	DET
ajfa-1705	84	16	parameters	parameter	NOUN
ajfa-1705	84	17	.	.	PUNCT
ajfa-1705	85	1	the	the	DET
ajfa-1705	85	2	lack	lack	NOUN
ajfa-1705	85	3	of	of	ADP
ajfa-1705	85	4	non	non	ADJ
ajfa-1705	85	5	-	-	ADJ
ajfa-1705	85	6	negative	negative	ADJ
ajfa-1705	85	7	restrictions	restriction	NOUN
ajfa-1705	85	8	makes	make	VERB
ajfa-1705	85	9	the	the	DET
ajfa-1705	85	10	model	model	NOUN
ajfa-1705	85	11	more	more	ADV
ajfa-1705	85	12	attractive	attractive	ADJ
ajfa-1705	85	13	than	than	ADP
ajfa-1705	85	14	a	a	DET
ajfa-1705	85	15	garch	garch	NOUN
ajfa-1705	85	16	and	and	CCONJ
ajfa-1705	85	17	gjr	gjr	NOUN
ajfa-1705	85	18	.	.	PUNCT
ajfa-1705	86	1	there	there	PRON
ajfa-1705	86	2	is	be	VERB
ajfa-1705	86	3	however	however	ADV
ajfa-1705	86	4	a	a	DET
ajfa-1705	86	5	necessary	necessary	ADJ
ajfa-1705	86	6	constraint	constraint	NOUN
ajfa-1705	86	7	regarding	regard	VERB
ajfa-1705	86	8	the	the	DET
ajfa-1705	86	9	stationarity	stationarity	NOUN
ajfa-1705	86	10	of	of	ADP
ajfa-1705	86	11	the	the	DET
ajfa-1705	86	12	model	model	NOUN
ajfa-1705	86	13	that	that	PRON
ajfa-1705	86	14	needs	need	VERB
ajfa-1705	86	15	to	to	PART
ajfa-1705	86	16	be	be	AUX
ajfa-1705	86	17	specified	specify	VERB
ajfa-1705	86	18	.	.	PUNCT
ajfa-1705	87	1	the	the	DET
ajfa-1705	87	2	stationary	stationary	ADJ
ajfa-1705	87	3	restriction	restriction	NOUN
ajfa-1705	87	4	for	for	ADP
ajfa-1705	87	5	an	an	DET
ajfa-1705	87	6	egarch	egarch	NOUN
ajfa-1705	87	7	(	(	PUNCT
ajfa-1705	87	8	1	1	NUM
ajfa-1705	87	9	,	,	PUNCT
ajfa-1705	87	10	1	1	X
ajfa-1705	87	11	)	)	PUNCT
ajfa-1705	87	12	model	model	NOUN
ajfa-1705	87	13	is	be	AUX
ajfa-1705	87	14	that	that	SCONJ
ajfa-1705	87	15	the	the	DET
ajfa-1705	87	16	beta	beta	NOUN
ajfa-1705	87	17	is	be	AUX
ajfa-1705	87	18	less	less	ADJ
ajfa-1705	87	19	than	than	ADP
ajfa-1705	87	20	one	one	NUM
ajfa-1705	87	21	(	(	PUNCT
ajfa-1705	87	22	β	β	X
ajfa-1705	87	23	<	<	X
ajfa-1705	87	24	1	1	NUM
ajfa-1705	87	25	)	)	PUNCT
ajfa-1705	87	26	.	.	PUNCT
ajfa-1705	88	1	in	in	ADP
ajfa-1705	88	2	the	the	DET
ajfa-1705	88	3	case	case	NOUN
ajfa-1705	88	4	of	of	ADP
ajfa-1705	88	5	symmetry	symmetry	NOUN
ajfa-1705	88	6	,	,	PUNCT
ajfa-1705	88	7	where	where	SCONJ
ajfa-1705	88	8	the	the	DET
ajfa-1705	88	9	magnitudes	magnitude	NOUN
ajfa-1705	88	10	of	of	ADP
ajfa-1705	88	11	positive	positive	ADJ
ajfa-1705	88	12	and	and	CCONJ
ajfa-1705	88	13	negative	negative	ADJ
ajfa-1705	88	14	shocks	shock	NOUN
ajfa-1705	88	15	have	have	VERB
ajfa-1705	88	16	equal	equal	ADJ
ajfa-1705	88	17	impact	impact	NOUN
ajfa-1705	88	18	on	on	ADP
ajfa-1705	88	19	the	the	DET
ajfa-1705	88	20	variance	variance	NOUN
ajfa-1705	88	21	,	,	PUNCT
ajfa-1705	88	22	γ	γ	PROPN
ajfa-1705	88	23	will	will	AUX
ajfa-1705	88	24	be	be	AUX
ajfa-1705	88	25	equal	equal	ADJ
ajfa-1705	88	26	to	to	ADP
ajfa-1705	88	27	zero	zero	NUM
ajfa-1705	88	28	.	.	PUNCT
ajfa-1705	89	1	if	if	SCONJ
ajfa-1705	89	2	,	,	PUNCT
ajfa-1705	89	3	γ	γ	X
ajfa-1705	89	4	<	<	X
ajfa-1705	89	5	0	0	NUM
ajfa-1705	89	6	the	the	DET
ajfa-1705	89	7	magnitude	magnitude	NOUN
ajfa-1705	89	8	of	of	ADP
ajfa-1705	89	9	a	a	DET
ajfa-1705	89	10	negative	negative	ADJ
ajfa-1705	89	11	(	(	PUNCT
ajfa-1705	89	12	positive	positive	ADJ
ajfa-1705	89	13	)	)	PUNCT
ajfa-1705	89	14	shocks	shock	NOUN
ajfa-1705	89	15	will	will	AUX
ajfa-1705	89	16	cause	cause	VERB
ajfa-1705	89	17	the	the	DET
ajfa-1705	89	18	variance	variance	NOUN
ajfa-1705	89	19	to	to	PART
ajfa-1705	89	20	increase	increase	VERB
ajfa-1705	89	21	(	(	PUNCT
ajfa-1705	89	22	decrease	decrease	NOUN
ajfa-1705	89	23	)	)	PUNCT
ajfa-1705	89	24	.	.	PUNCT
ajfa-1705	90	1	if	if	SCONJ
ajfa-1705	90	2	,	,	PUNCT
ajfa-1705	90	3	on	on	ADP
ajfa-1705	90	4	the	the	DET
ajfa-1705	90	5	other	other	ADJ
ajfa-1705	90	6	hand	hand	NOUN
ajfa-1705	90	7	,	,	PUNCT
ajfa-1705	90	8	γ	γ	X
ajfa-1705	90	9	>	>	X
ajfa-1705	90	10	0	0	NUM
ajfa-1705	90	11	positive	positive	ADJ
ajfa-1705	90	12	(	(	PUNCT
ajfa-1705	90	13	negative	negative	ADJ
ajfa-1705	90	14	)	)	PUNCT
ajfa-1705	90	15	shocks	shock	NOUN
ajfa-1705	90	16	will	will	AUX
ajfa-1705	90	17	cause	cause	VERB
ajfa-1705	90	18	the	the	DET
ajfa-1705	90	19	variance	variance	NOUN
ajfa-1705	90	20	to	to	PART
ajfa-1705	90	21	increase	increase	VERB
ajfa-1705	90	22	(	(	PUNCT
ajfa-1705	90	23	decrease	decrease	NOUN
ajfa-1705	90	24	)	)	PUNCT
ajfa-1705	90	25	.	.	PUNCT
ajfa-1705	91	1	asian	asian	ADJ
ajfa-1705	91	2	journal	journal	PROPN
ajfa-1705	91	3	of	of	ADP
ajfa-1705	91	4	finance	finance	PROPN
ajfa-1705	91	5	&	&	CCONJ
ajfa-1705	91	6	accounting	accounting	PROPN
ajfa-1705	91	7	issn	issn	PROPN
ajfa-1705	91	8	1946	1946	NUM
ajfa-1705	91	9	-	-	PUNCT
ajfa-1705	91	10	052x	052x	NOUN
ajfa-1705	91	11	2012	2012	NUM
ajfa-1705	91	12	,	,	PUNCT
ajfa-1705	91	13	vol	vol	NOUN
ajfa-1705	91	14	.	.	PROPN
ajfa-1705	91	15	4	4	NUM
ajfa-1705	91	16	,	,	PUNCT
ajfa-1705	91	17	no	no	INTJ
ajfa-1705	91	18	.	.	NOUN
ajfa-1705	91	19	1	1	NUM
ajfa-1705	91	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	91	21	303	303	NUM
ajfa-1705	91	22	2.1	2.1	NUM
ajfa-1705	91	23	political	political	ADJ
ajfa-1705	91	24	risk	risk	NOUN
ajfa-1705	91	25	and	and	CCONJ
ajfa-1705	91	26	security	security	NOUN
ajfa-1705	91	27	returns	return	NOUN
ajfa-1705	91	28	with	with	ADP
ajfa-1705	91	29	egarch	egarch	NOUN
ajfa-1705	91	30	after	after	ADP
ajfa-1705	91	31	having	having	AUX
ajfa-1705	91	32	measured	measure	VERB
ajfa-1705	91	33	the	the	DET
ajfa-1705	91	34	univariate	univariate	ADJ
ajfa-1705	91	35	return	return	NOUN
ajfa-1705	91	36	and	and	CCONJ
ajfa-1705	91	37	volatility	volatility	NOUN
ajfa-1705	91	38	linkages	linkage	NOUN
ajfa-1705	91	39	,	,	PUNCT
ajfa-1705	91	40	we	we	PRON
ajfa-1705	91	41	further	further	VERB
ajfa-1705	91	42	our	our	PRON
ajfa-1705	91	43	analysis	analysis	NOUN
ajfa-1705	91	44	by	by	ADP
ajfa-1705	91	45	measuring	measure	VERB
ajfa-1705	91	46	the	the	DET
ajfa-1705	91	47	effect	effect	NOUN
ajfa-1705	91	48	of	of	ADP
ajfa-1705	91	49	good	good	ADJ
ajfa-1705	91	50	news	news	NOUN
ajfa-1705	91	51	and	and	CCONJ
ajfa-1705	91	52	bad	bad	ADJ
ajfa-1705	91	53	news	news	NOUN
ajfa-1705	91	54	announcement	announcement	NOUN
ajfa-1705	91	55	for	for	ADP
ajfa-1705	91	56	the	the	DET
ajfa-1705	91	57	kse	kse	PROPN
ajfa-1705	91	58	100	100	NUM
ajfa-1705	91	59	index	index	NOUN
ajfa-1705	91	60	and	and	CCONJ
ajfa-1705	91	61	other	other	ADJ
ajfa-1705	91	62	selected	select	VERB
ajfa-1705	91	63	sector	sector	NOUN
ajfa-1705	91	64	indexes	index	NOUN
ajfa-1705	91	65	.	.	PUNCT
ajfa-1705	92	1	we	we	PRON
ajfa-1705	92	2	measure	measure	VERB
ajfa-1705	92	3	the	the	DET
ajfa-1705	92	4	return	return	NOUN
ajfa-1705	92	5	and	and	CCONJ
ajfa-1705	92	6	volatility	volatility	NOUN
ajfa-1705	92	7	response	response	NOUN
ajfa-1705	92	8	to	to	ADP
ajfa-1705	92	9	good	good	ADJ
ajfa-1705	92	10	and	and	CCONJ
ajfa-1705	92	11	bad	bad	ADJ
ajfa-1705	92	12	political	political	ADJ
ajfa-1705	92	13	news	news	NOUN
ajfa-1705	92	14	by	by	ADP
ajfa-1705	92	15	adding	add	VERB
ajfa-1705	92	16	a	a	DET
ajfa-1705	92	17	dummy	dummy	ADJ
ajfa-1705	92	18	variable	variable	NOUN
ajfa-1705	92	19	in	in	ADP
ajfa-1705	92	20	our	our	PRON
ajfa-1705	92	21	univariate	univariate	ADJ
ajfa-1705	92	22	egarch	egarch	NOUN
ajfa-1705	92	23	model	model	NOUN
ajfa-1705	92	24	that	that	PRON
ajfa-1705	92	25	take	take	VERB
ajfa-1705	92	26	the	the	DET
ajfa-1705	92	27	value	value	NOUN
ajfa-1705	92	28	1	1	NUM
ajfa-1705	92	29	on	on	ADP
ajfa-1705	92	30	news2	news2	ADJ
ajfa-1705	92	31	days	day	NOUN
ajfa-1705	92	32	,	,	PUNCT
ajfa-1705	92	33	else	else	ADV
ajfa-1705	92	34	zero	zero	NUM
ajfa-1705	92	35	.	.	PUNCT
ajfa-1705	93	1	it	it	PRON
ajfa-1705	93	2	is	be	AUX
ajfa-1705	93	3	important	important	ADJ
ajfa-1705	93	4	to	to	PART
ajfa-1705	93	5	note	note	VERB
ajfa-1705	93	6	that	that	SCONJ
ajfa-1705	93	7	we	we	PRON
ajfa-1705	93	8	measure	measure	VERB
ajfa-1705	93	9	separately	separately	ADV
ajfa-1705	93	10	the	the	DET
ajfa-1705	93	11	response	response	NOUN
ajfa-1705	93	12	of	of	ADP
ajfa-1705	93	13	each	each	DET
ajfa-1705	93	14	news	news	NOUN
ajfa-1705	93	15	category	category	NOUN
ajfa-1705	93	16	,	,	PUNCT
ajfa-1705	93	17	i.e.	i.e.	X
ajfa-1705	93	18	,	,	PUNCT
ajfa-1705	93	19	our	our	PRON
ajfa-1705	93	20	model	model	NOUN
ajfa-1705	93	21	is	be	AUX
ajfa-1705	93	22	estimated	estimate	VERB
ajfa-1705	93	23	independently	independently	ADV
ajfa-1705	93	24	for	for	ADP
ajfa-1705	93	25	each	each	DET
ajfa-1705	93	26	news	news	NOUN
ajfa-1705	93	27	category	category	NOUN
ajfa-1705	93	28	.	.	PUNCT
ajfa-1705	94	1	more	more	ADV
ajfa-1705	94	2	specifically	specifically	ADV
ajfa-1705	94	3	,	,	PUNCT
ajfa-1705	94	4	the	the	DET
ajfa-1705	94	5	univariate	univariate	ADJ
ajfa-1705	94	6	egarch	egarch	NOUN
ajfa-1705	94	7	model	model	NOUN
ajfa-1705	94	8	with	with	ADP
ajfa-1705	94	9	a	a	DET
ajfa-1705	94	10	dummy	dummy	ADJ
ajfa-1705	94	11	variable	variable	NOUN
ajfa-1705	94	12	for	for	ADP
ajfa-1705	94	13	stock	stock	NOUN
ajfa-1705	94	14	market	market	NOUN
ajfa-1705	94	15	indexes	index	NOUN
ajfa-1705	94	16	is	be	AUX
ajfa-1705	94	17	defined	define	VERB
ajfa-1705	94	18	as	as	SCONJ
ajfa-1705	94	19	follows	follow	VERB
ajfa-1705	94	20	:	:	PUNCT
ajfa-1705	94	21	,	,	PUNCT
ajfa-1705	94	22	,	,	PUNCT
ajfa-1705	94	23	,	,	PUNCT
ajfa-1705	94	24	,	,	PUNCT
ajfa-1705	94	25	(	(	PUNCT
ajfa-1705	94	26	3	3	X
ajfa-1705	94	27	)	)	PUNCT
ajfa-1705	94	28	(	(	PUNCT
ajfa-1705	94	29	4	4	X
ajfa-1705	94	30	)	)	PUNCT
ajfa-1705	94	31	equation	equation	NOUN
ajfa-1705	94	32	(	(	PUNCT
ajfa-1705	94	33	3	3	X
ajfa-1705	94	34	)	)	PUNCT
ajfa-1705	94	35	is	be	AUX
ajfa-1705	94	36	the	the	DET
ajfa-1705	94	37	return	return	NOUN
ajfa-1705	94	38	equation	equation	NOUN
ajfa-1705	94	39	and	and	CCONJ
ajfa-1705	94	40	(	(	PUNCT
ajfa-1705	94	41	4	4	X
ajfa-1705	94	42	)	)	PUNCT
ajfa-1705	94	43	represent	represent	VERB
ajfa-1705	94	44	the	the	DET
ajfa-1705	94	45	volatility	volatility	NOUN
ajfa-1705	94	46	equation	equation	NOUN
ajfa-1705	94	47	.	.	PUNCT
ajfa-1705	95	1	where	where	SCONJ
ajfa-1705	95	2	,	,	PUNCT
ajfa-1705	95	3	the	the	DET
ajfa-1705	95	4	dummy	dummy	ADJ
ajfa-1705	95	5	variables	variable	NOUN
ajfa-1705	95	6	are	be	AUX
ajfa-1705	95	7	the	the	DET
ajfa-1705	95	8	good	good	ADJ
ajfa-1705	95	9	and	and	CCONJ
ajfa-1705	95	10	bad	bad	ADJ
ajfa-1705	95	11	news	news	NOUN
ajfa-1705	95	12	.	.	PUNCT
ajfa-1705	96	1	3	3	X
ajfa-1705	96	2	.	.	X
ajfa-1705	96	3	data	datum	NOUN
ajfa-1705	96	4	and	and	CCONJ
ajfa-1705	96	5	descriptive	descriptive	ADJ
ajfa-1705	96	6	statistics	statistic	NOUN
ajfa-1705	96	7	the	the	DET
ajfa-1705	96	8	data	datum	NOUN
ajfa-1705	96	9	used	use	VERB
ajfa-1705	96	10	in	in	ADP
ajfa-1705	96	11	this	this	DET
ajfa-1705	96	12	study	study	NOUN
ajfa-1705	96	13	was	be	AUX
ajfa-1705	96	14	collected	collect	VERB
ajfa-1705	96	15	from	from	ADP
ajfa-1705	96	16	the	the	DET
ajfa-1705	96	17	karachi	karachi	PROPN
ajfa-1705	96	18	stock	stock	PROPN
ajfa-1705	96	19	exchange	exchange	PROPN
ajfa-1705	96	20	and	and	CCONJ
ajfa-1705	96	21	thomson	thomson	PROPN
ajfa-1705	96	22	datastream	datastream	NOUN
ajfa-1705	96	23	.	.	PUNCT
ajfa-1705	97	1	it	it	PRON
ajfa-1705	97	2	consists	consist	VERB
ajfa-1705	97	3	of	of	ADP
ajfa-1705	97	4	the	the	DET
ajfa-1705	97	5	kse-100	kse-100	PROPN
ajfa-1705	97	6	index	index	NOUN
ajfa-1705	97	7	and	and	CCONJ
ajfa-1705	97	8	the	the	DET
ajfa-1705	97	9	eight	eight	NUM
ajfa-1705	97	10	sector	sector	NOUN
ajfa-1705	97	11	indexes	index	NOUN
ajfa-1705	97	12	those	those	PRON
ajfa-1705	97	13	are	be	AUX
ajfa-1705	97	14	,	,	PUNCT
ajfa-1705	97	15	oil	oil	NOUN
ajfa-1705	97	16	and	and	CCONJ
ajfa-1705	97	17	gas	gas	NOUN
ajfa-1705	97	18	,	,	PUNCT
ajfa-1705	97	19	financial	financial	ADJ
ajfa-1705	97	20	,	,	PUNCT
ajfa-1705	97	21	basic	basic	ADJ
ajfa-1705	97	22	material	material	NOUN
ajfa-1705	97	23	,	,	PUNCT
ajfa-1705	97	24	utilities	utility	NOUN
ajfa-1705	97	25	,	,	PUNCT
ajfa-1705	97	26	food	food	NOUN
ajfa-1705	97	27	and	and	CCONJ
ajfa-1705	97	28	beverages	beverage	NOUN
ajfa-1705	97	29	,	,	PUNCT
ajfa-1705	97	30	industry	industry	NOUN
ajfa-1705	97	31	,	,	PUNCT
ajfa-1705	97	32	health	health	NOUN
ajfa-1705	97	33	care	care	NOUN
ajfa-1705	97	34	and	and	CCONJ
ajfa-1705	97	35	auto	auto	NOUN
ajfa-1705	97	36	and	and	CCONJ
ajfa-1705	97	37	parts	part	NOUN
ajfa-1705	97	38	.	.	PUNCT
ajfa-1705	98	1	the	the	DET
ajfa-1705	98	2	data	data	NOUN
ajfa-1705	98	3	consists	consist	VERB
ajfa-1705	98	4	of	of	ADP
ajfa-1705	98	5	daily	daily	ADJ
ajfa-1705	98	6	closing	closing	NOUN
ajfa-1705	98	7	prices	price	NOUN
ajfa-1705	98	8	,	,	PUNCT
ajfa-1705	98	9	stated	state	VERB
ajfa-1705	98	10	in	in	ADP
ajfa-1705	98	11	local	local	ADJ
ajfa-1705	98	12	currency	currency	NOUN
ajfa-1705	98	13	(	(	PUNCT
ajfa-1705	98	14	rupee	rupee	NOUN
ajfa-1705	98	15	)	)	PUNCT
ajfa-1705	98	16	.	.	PUNCT
ajfa-1705	99	1	for	for	SCONJ
ajfa-1705	99	2	kse-100	kse-100	PROPN
ajfa-1705	99	3	index	index	NOUN
ajfa-1705	99	4	data	datum	NOUN
ajfa-1705	99	5	ranges	range	VERB
ajfa-1705	99	6	from	from	ADP
ajfa-1705	99	7	january	january	PROPN
ajfa-1705	99	8	2	2	NUM
ajfa-1705	99	9	,	,	PUNCT
ajfa-1705	99	10	1992	1992	NUM
ajfa-1705	99	11	to	to	ADP
ajfa-1705	99	12	march	march	PROPN
ajfa-1705	99	13	30	30	NUM
ajfa-1705	99	14	,	,	PUNCT
ajfa-1705	99	15	2010	2010	NUM
ajfa-1705	99	16	consists	consist	VERB
ajfa-1705	99	17	of	of	ADP
ajfa-1705	99	18	4686	4686	NUM
ajfa-1705	99	19	observations	observation	NOUN
ajfa-1705	99	20	.	.	PUNCT
ajfa-1705	100	1	while	while	SCONJ
ajfa-1705	100	2	,	,	PUNCT
ajfa-1705	100	3	for	for	ADP
ajfa-1705	100	4	all	all	DET
ajfa-1705	100	5	the	the	DET
ajfa-1705	100	6	sectors	sector	NOUN
ajfa-1705	100	7	the	the	DET
ajfa-1705	100	8	data	datum	NOUN
ajfa-1705	100	9	range	range	NOUN
ajfa-1705	100	10	is	be	AUX
ajfa-1705	100	11	from	from	ADP
ajfa-1705	100	12	july	july	PROPN
ajfa-1705	100	13	17	17	NUM
ajfa-1705	100	14	,	,	PUNCT
ajfa-1705	100	15	1992	1992	NUM
ajfa-1705	100	16	to	to	ADP
ajfa-1705	100	17	march	march	PROPN
ajfa-1705	100	18	19	19	NUM
ajfa-1705	100	19	,	,	PUNCT
ajfa-1705	100	20	2010	2010	NUM
ajfa-1705	100	21	consist	consist	VERB
ajfa-1705	100	22	of	of	ADP
ajfa-1705	100	23	4162	4162	NUM
ajfa-1705	100	24	observations	observation	NOUN
ajfa-1705	100	25	.	.	PUNCT
ajfa-1705	101	1	the	the	DET
ajfa-1705	101	2	software	software	NOUN
ajfa-1705	101	3	used	use	VERB
ajfa-1705	101	4	in	in	ADP
ajfa-1705	101	5	the	the	DET
ajfa-1705	101	6	study	study	NOUN
ajfa-1705	101	7	is	be	AUX
ajfa-1705	101	8	e	e	NOUN
ajfa-1705	101	9	-	-	NOUN
ajfa-1705	101	10	views	view	NOUN
ajfa-1705	101	11	.	.	PUNCT
ajfa-1705	102	1	the	the	DET
ajfa-1705	102	2	daily	daily	ADJ
ajfa-1705	102	3	return	return	NOUN
ajfa-1705	102	4	series	series	NOUN
ajfa-1705	102	5	was	be	AUX
ajfa-1705	102	6	generated	generate	VERB
ajfa-1705	102	7	as	as	ADP
ajfa-1705	102	8	follow	follow	VERB
ajfa-1705	102	9	,	,	PUNCT
ajfa-1705	102	10	,	,	PUNCT
ajfa-1705	102	11	/	/	PUNCT
ajfa-1705	102	12	(	(	PUNCT
ajfa-1705	102	13	5	5	NUM
ajfa-1705	102	14	)	)	PUNCT
ajfa-1705	102	15	where	where	SCONJ
ajfa-1705	102	16	,	,	PUNCT
ajfa-1705	102	17	is	be	AUX
ajfa-1705	102	18	the	the	DET
ajfa-1705	102	19	return	return	NOUN
ajfa-1705	102	20	on	on	ADP
ajfa-1705	102	21	karachi	karachi	PROPN
ajfa-1705	102	22	stock	stock	PROPN
ajfa-1705	102	23	exchange	exchange	PROPN
ajfa-1705	102	24	and	and	CCONJ
ajfa-1705	102	25	represents	represent	VERB
ajfa-1705	102	26	the	the	DET
ajfa-1705	102	27	closing	closing	NOUN
ajfa-1705	102	28	value	value	NOUN
ajfa-1705	102	29	of	of	ADP
ajfa-1705	102	30	kse	kse	NOUN
ajfa-1705	102	31	indexes	index	NOUN
ajfa-1705	102	32	on	on	ADP
ajfa-1705	102	33	the	the	DET
ajfa-1705	102	34	day	day	NOUN
ajfa-1705	102	35	t.	t.	NOUN
ajfa-1705	103	1	it	it	PRON
ajfa-1705	103	2	is	be	AUX
ajfa-1705	103	3	important	important	ADJ
ajfa-1705	103	4	to	to	PART
ajfa-1705	103	5	mention	mention	VERB
ajfa-1705	103	6	here	here	ADV
ajfa-1705	103	7	that	that	SCONJ
ajfa-1705	103	8	the	the	DET
ajfa-1705	103	9	series	series	NOUN
ajfa-1705	103	10	is	be	AUX
ajfa-1705	103	11	adjusted	adjust	VERB
ajfa-1705	103	12	neither	neither	CCONJ
ajfa-1705	103	13	for	for	ADP
ajfa-1705	103	14	dividends	dividend	NOUN
ajfa-1705	103	15	nor	nor	CCONJ
ajfa-1705	103	16	for	for	ADP
ajfa-1705	103	17	risk	risk	NOUN
ajfa-1705	103	18	free	free	ADJ
ajfa-1705	103	19	rate	rate	NOUN
ajfa-1705	103	20	.	.	PUNCT
ajfa-1705	104	1	we	we	PRON
ajfa-1705	104	2	can	can	AUX
ajfa-1705	104	3	ignore	ignore	VERB
ajfa-1705	104	4	the	the	DET
ajfa-1705	104	5	dividends	dividend	NOUN
ajfa-1705	104	6	and	and	CCONJ
ajfa-1705	104	7	interest	interest	NOUN
ajfa-1705	104	8	rates	rate	NOUN
ajfa-1705	104	9	as	as	SCONJ
ajfa-1705	104	10	it	it	PRON
ajfa-1705	104	11	does	do	AUX
ajfa-1705	104	12	not	not	PART
ajfa-1705	104	13	create	create	VERB
ajfa-1705	104	14	any	any	DET
ajfa-1705	104	15	significant	significant	ADJ
ajfa-1705	104	16	error	error	NOUN
ajfa-1705	104	17	when	when	SCONJ
ajfa-1705	104	18	we	we	PRON
ajfa-1705	104	19	forecast	forecast	VERB
ajfa-1705	104	20	stock	stock	NOUN
ajfa-1705	104	21	market	market	NOUN
ajfa-1705	104	22	volatility	volatility	NOUN
ajfa-1705	104	23	(	(	PUNCT
ajfa-1705	104	24	nelson	nelson	PROPN
ajfa-1705	104	25	1991	1991	NUM
ajfa-1705	104	26	)	)	PUNCT
ajfa-1705	104	27	.	.	PUNCT
ajfa-1705	105	1	summary	summary	NOUN
ajfa-1705	105	2	statistics	statistic	NOUN
ajfa-1705	105	3	for	for	ADP
ajfa-1705	105	4	our	our	PRON
ajfa-1705	105	5	returns	return	NOUN
ajfa-1705	105	6	series	series	NOUN
ajfa-1705	105	7	of	of	ADP
ajfa-1705	105	8	kse-100	kse-100	PROPN
ajfa-1705	105	9	index	index	PROPN
ajfa-1705	105	10	,	,	PUNCT
ajfa-1705	105	11	and	and	CCONJ
ajfa-1705	105	12	other	other	ADJ
ajfa-1705	105	13	sectors	sector	NOUN
ajfa-1705	105	14	are	be	AUX
ajfa-1705	105	15	as	as	SCONJ
ajfa-1705	105	16	given	give	VERB
ajfa-1705	105	17	in	in	ADP
ajfa-1705	105	18	equation	equation	NOUN
ajfa-1705	105	19	(	(	PUNCT
ajfa-1705	105	20	5	5	NUM
ajfa-1705	105	21	)	)	PUNCT
ajfa-1705	105	22	are	be	AUX
ajfa-1705	105	23	shown	show	VERB
ajfa-1705	105	24	on	on	ADP
ajfa-1705	105	25	the	the	DET
ajfa-1705	105	26	next	next	ADJ
ajfa-1705	105	27	page	page	NOUN
ajfa-1705	105	28	in	in	ADP
ajfa-1705	105	29	table	table	NOUN
ajfa-1705	105	30	1	1	NUM
ajfa-1705	105	31	.	.	PUNCT
ajfa-1705	105	32	table	table	NOUN
ajfa-1705	105	33	1	1	NUM
ajfa-1705	105	34	show	show	VERB
ajfa-1705	105	35	that	that	SCONJ
ajfa-1705	105	36	the	the	DET
ajfa-1705	105	37	mean	mean	ADJ
ajfa-1705	105	38	value	value	NOUN
ajfa-1705	105	39	of	of	ADP
ajfa-1705	105	40	the	the	DET
ajfa-1705	105	41	kse100	kse100	PROPN
ajfa-1705	105	42	’s	’s	PART
ajfa-1705	105	43	return	return	NOUN
ajfa-1705	105	44	is	be	AUX
ajfa-1705	105	45	0.0004	0.0004	NUM
ajfa-1705	105	46	and	and	CCONJ
ajfa-1705	105	47	the	the	DET
ajfa-1705	105	48	median	median	NOUN
ajfa-1705	105	49	0.00000	0.00000	NUM
ajfa-1705	105	50	.	.	PUNCT
ajfa-1705	106	1	the	the	DET
ajfa-1705	106	2	standard	standard	ADJ
ajfa-1705	106	3	deviation	deviation	NOUN
ajfa-1705	106	4	is	be	AUX
ajfa-1705	106	5	about	about	ADV
ajfa-1705	106	6	1.62	1.62	NUM
ajfa-1705	106	7	%	%	NOUN
ajfa-1705	106	8	.	.	PUNCT
ajfa-1705	107	1	this	this	PRON
ajfa-1705	107	2	is	be	AUX
ajfa-1705	107	3	a	a	DET
ajfa-1705	107	4	quite	quite	ADV
ajfa-1705	107	5	high	high	ADJ
ajfa-1705	107	6	value	value	NOUN
ajfa-1705	107	7	,	,	PUNCT
ajfa-1705	107	8	with	with	ADP
ajfa-1705	107	9	respect	respect	NOUN
ajfa-1705	107	10	to	to	ADP
ajfa-1705	107	11	the	the	DET
ajfa-1705	107	12	mean	mean	ADJ
ajfa-1705	107	13	return	return	NOUN
ajfa-1705	107	14	,	,	PUNCT
ajfa-1705	107	15	indicating	indicate	VERB
ajfa-1705	107	16	that	that	SCONJ
ajfa-1705	107	17	the	the	DET
ajfa-1705	107	18	returns	return	NOUN
ajfa-1705	107	19	often	often	ADV
ajfa-1705	107	20	deviate	deviate	VERB
ajfa-1705	107	21	from	from	ADP
ajfa-1705	107	22	the	the	DET
ajfa-1705	107	23	mean	mean	NOUN
ajfa-1705	107	24	.	.	PUNCT
ajfa-1705	108	1	the	the	DET
ajfa-1705	108	2	skewness	skewness	NOUN
ajfa-1705	108	3	in	in	ADP
ajfa-1705	108	4	this	this	DET
ajfa-1705	108	5	case	case	NOUN
ajfa-1705	108	6	is	be	AUX
ajfa-1705	108	7	nearly	nearly	ADV
ajfa-1705	108	8	-0.32	-0.32	VERB
ajfa-1705	108	9	which	which	PRON
ajfa-1705	108	10	indicates	indicate	VERB
ajfa-1705	108	11	a	a	DET
ajfa-1705	108	12	negative	negative	ADJ
ajfa-1705	108	13	skewness	skewness	NOUN
ajfa-1705	108	14	indicating	indicate	VERB
ajfa-1705	108	15	that	that	SCONJ
ajfa-1705	108	16	the	the	DET
ajfa-1705	108	17	curve	curve	NOUN
ajfa-1705	108	18	is	be	AUX
ajfa-1705	108	19	more	more	ADV
ajfa-1705	108	20	concentrated	concentrated	ADJ
ajfa-1705	108	21	on	on	ADP
ajfa-1705	108	22	the	the	DET
ajfa-1705	108	23	left	left	ADJ
ajfa-1705	108	24	hand	hand	NOUN
ajfa-1705	108	25	side	side	NOUN
ajfa-1705	108	26	.	.	PUNCT
ajfa-1705	109	1	indices	index	NOUN
ajfa-1705	109	2	usually	usually	ADV
ajfa-1705	109	3	have	have	VERB
ajfa-1705	109	4	a	a	DET
ajfa-1705	109	5	weak	weak	ADJ
ajfa-1705	109	6	negative	negative	ADJ
ajfa-1705	109	7	skewness	skewness	NOUN
ajfa-1705	109	8	since	since	SCONJ
ajfa-1705	109	9	the	the	DET
ajfa-1705	109	10	stock	stock	NOUN
ajfa-1705	109	11	prices	price	NOUN
ajfa-1705	109	12	in	in	ADP
ajfa-1705	109	13	the	the	DET
ajfa-1705	109	14	long	long	ADJ
ajfa-1705	109	15	range	range	NOUN
ajfa-1705	109	16	tend	tend	VERB
ajfa-1705	109	17	to	to	PART
ajfa-1705	109	18	increase	increase	VERB
ajfa-1705	109	19	with	with	ADP
ajfa-1705	109	20	time	time	NOUN
ajfa-1705	109	21	.	.	PUNCT
ajfa-1705	110	1	the	the	DET
ajfa-1705	110	2	kurtosis	kurtosis	NOUN
ajfa-1705	110	3	is	be	AUX
ajfa-1705	110	4	around	around	ADV
ajfa-1705	110	5	8.62	8.62	NUM
ajfa-1705	110	6	,	,	PUNCT
ajfa-1705	110	7	which	which	PRON
ajfa-1705	110	8	is	be	AUX
ajfa-1705	110	9	way	way	ADV
ajfa-1705	110	10	too	too	ADV
ajfa-1705	110	11	high	high	ADJ
ajfa-1705	110	12	means	mean	VERB
ajfa-1705	110	13	the	the	DET
ajfa-1705	110	14	curve	curve	NOUN
ajfa-1705	110	15	has	have	VERB
ajfa-1705	110	16	a	a	DET
ajfa-1705	110	17	high	high	ADJ
ajfa-1705	110	18	peak	peak	NOUN
ajfa-1705	110	19	.	.	PUNCT
ajfa-1705	111	1	there	there	PRON
ajfa-1705	111	2	is	be	VERB
ajfa-1705	111	3	,	,	PUNCT
ajfa-1705	111	4	thus	thus	ADV
ajfa-1705	111	5	,	,	PUNCT
ajfa-1705	111	6	excess	excess	ADJ
ajfa-1705	111	7	kurtosis	kurtosis	NOUN
ajfa-1705	111	8	in	in	ADP
ajfa-1705	111	9	the	the	DET
ajfa-1705	111	10	index	index	NOUN
ajfa-1705	111	11	meaning	mean	VERB
ajfa-1705	111	12	that	that	SCONJ
ajfa-1705	111	13	the	the	DET
ajfa-1705	111	14	distributions	distribution	NOUN
ajfa-1705	111	15	are	be	AUX
ajfa-1705	111	16	leptokurtic	leptokurtic	ADJ
ajfa-1705	111	17	.	.	PUNCT
ajfa-1705	112	1	standard	standard	ADJ
ajfa-1705	112	2	normal	normal	ADJ
ajfa-1705	112	3	distribution	distribution	NOUN
ajfa-1705	112	4	should	should	AUX
ajfa-1705	112	5	have	have	VERB
ajfa-1705	112	6	a	a	DET
ajfa-1705	112	7	skewness	skewness	NOUN
ajfa-1705	112	8	of	of	ADP
ajfa-1705	112	9	zero	zero	NUM
ajfa-1705	112	10	and	and	CCONJ
ajfa-1705	112	11	a	a	DET
ajfa-1705	112	12	kurtosis	kurtosis	NOUN
ajfa-1705	112	13	of	of	ADP
ajfa-1705	112	14	three	three	NUM
ajfa-1705	112	15	.	.	PUNCT
ajfa-1705	113	1	based	base	VERB
ajfa-1705	113	2	on	on	ADP
ajfa-1705	113	3	these	these	DET
ajfa-1705	113	4	values	value	NOUN
ajfa-1705	113	5	we	we	PRON
ajfa-1705	113	6	conclude	conclude	VERB
ajfa-1705	113	7	that	that	SCONJ
ajfa-1705	113	8	the	the	DET
ajfa-1705	113	9	data	datum	NOUN
ajfa-1705	113	10	does	do	AUX
ajfa-1705	113	11	not	not	PART
ajfa-1705	113	12	follow	follow	VERB
ajfa-1705	113	13	a	a	DET
ajfa-1705	113	14	normal	normal	ADJ
ajfa-1705	113	15	distribution	distribution	NOUN
ajfa-1705	113	16	.	.	PUNCT
ajfa-1705	114	1	one	one	NUM
ajfa-1705	114	2	way	way	NOUN
ajfa-1705	114	3	to	to	PART
ajfa-1705	114	4	confirm	confirm	VERB
ajfa-1705	114	5	whether	whether	SCONJ
ajfa-1705	114	6	the	the	DET
ajfa-1705	114	7	data	datum	NOUN
ajfa-1705	114	8	follows	follow	VERB
ajfa-1705	114	9	a	a	DET
ajfa-1705	114	10	normal	normal	ADJ
ajfa-1705	114	11	distribution	distribution	NOUN
ajfa-1705	114	12	is	be	AUX
ajfa-1705	114	13	to	to	PART
ajfa-1705	114	14	look	look	VERB
ajfa-1705	114	15	at	at	ADP
ajfa-1705	114	16	the	the	DET
ajfa-1705	114	17	jarque	jarque	NOUN
ajfa-1705	114	18	bera	bera	NOUN
ajfa-1705	114	19	.	.	PUNCT
ajfa-1705	115	1	in	in	ADP
ajfa-1705	115	2	this	this	DET
ajfa-1705	115	3	case	case	NOUN
ajfa-1705	115	4	,	,	PUNCT
ajfa-1705	115	5	with	with	ADP
ajfa-1705	115	6	respect	respect	NOUN
ajfa-1705	115	7	to	to	ADP
ajfa-1705	115	8	table	table	NOUN
ajfa-1705	115	9	1	1	NUM
ajfa-1705	115	10	,	,	PUNCT
ajfa-1705	115	11	the	the	DET
ajfa-1705	115	12	jb	jb	PROPN
ajfa-1705	115	13	is	be	AUX
ajfa-1705	115	14	6243.621	6243.621	NUM
ajfa-1705	115	15	with	with	ADP
ajfa-1705	115	16	a	a	DET
ajfa-1705	115	17	p	p	NOUN
ajfa-1705	115	18	-	-	PUNCT
ajfa-1705	115	19	value	value	NOUN
ajfa-1705	115	20	of	of	ADP
ajfa-1705	115	21	0	0	NUM
ajfa-1705	115	22	,	,	PUNCT
ajfa-1705	115	23	and	and	CCONJ
ajfa-1705	115	24	hence	hence	ADV
ajfa-1705	115	25	the	the	DET
ajfa-1705	115	26	h0	h0	ADJ
ajfa-1705	115	27	asian	asian	ADJ
ajfa-1705	115	28	journal	journal	PROPN
ajfa-1705	115	29	of	of	ADP
ajfa-1705	115	30	finance	finance	PROPN
ajfa-1705	115	31	&	&	CCONJ
ajfa-1705	115	32	accounting	accounting	PROPN
ajfa-1705	115	33	issn	issn	PROPN
ajfa-1705	115	34	1946	1946	NUM
ajfa-1705	115	35	-	-	PUNCT
ajfa-1705	115	36	052x	052x	NOUN
ajfa-1705	115	37	2012	2012	NUM
ajfa-1705	115	38	,	,	PUNCT
ajfa-1705	115	39	vol	vol	NOUN
ajfa-1705	115	40	.	.	PROPN
ajfa-1705	115	41	4	4	NUM
ajfa-1705	115	42	,	,	PUNCT
ajfa-1705	115	43	no	no	INTJ
ajfa-1705	115	44	.	.	NOUN
ajfa-1705	115	45	1	1	NUM
ajfa-1705	115	46	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	115	47	304	304	NUM
ajfa-1705	115	48	hypothesis	hypothesis	NOUN
ajfa-1705	115	49	is	be	AUX
ajfa-1705	115	50	rejected	reject	VERB
ajfa-1705	115	51	which	which	PRON
ajfa-1705	115	52	means	mean	VERB
ajfa-1705	115	53	that	that	SCONJ
ajfa-1705	115	54	the	the	DET
ajfa-1705	115	55	data	data	NOUN
ajfa-1705	115	56	is	be	AUX
ajfa-1705	115	57	not	not	PART
ajfa-1705	115	58	normally	normally	ADV
ajfa-1705	115	59	distributed	distribute	VERB
ajfa-1705	115	60	.	.	PUNCT
ajfa-1705	116	1	table	table	NOUN
ajfa-1705	116	2	1	1	NUM
ajfa-1705	116	3	shows	show	VERB
ajfa-1705	116	4	details	detail	NOUN
ajfa-1705	116	5	of	of	ADP
ajfa-1705	116	6	the	the	DET
ajfa-1705	116	7	descriptive	descriptive	ADJ
ajfa-1705	116	8	statistics	statistic	NOUN
ajfa-1705	116	9	of	of	ADP
ajfa-1705	116	10	the	the	DET
ajfa-1705	116	11	selected	select	VERB
ajfa-1705	116	12	sectors	sector	NOUN
ajfa-1705	116	13	such	such	ADJ
ajfa-1705	116	14	as	as	ADP
ajfa-1705	116	15	financials	financial	NOUN
ajfa-1705	116	16	,	,	PUNCT
ajfa-1705	116	17	industry	industry	NOUN
ajfa-1705	116	18	,	,	PUNCT
ajfa-1705	116	19	utilities	utility	NOUN
ajfa-1705	116	20	etc	etc	X
ajfa-1705	116	21	.	.	X
ajfa-1705	117	1	all	all	PRON
ajfa-1705	117	2	mean	mean	VERB
ajfa-1705	117	3	returns	return	NOUN
ajfa-1705	117	4	are	be	AUX
ajfa-1705	117	5	positive	positive	ADJ
ajfa-1705	117	6	except	except	SCONJ
ajfa-1705	117	7	of	of	ADP
ajfa-1705	117	8	the	the	DET
ajfa-1705	117	9	industries.the	industries.the	DET
ajfa-1705	117	10	skewness	skewness	NOUN
ajfa-1705	117	11	of	of	ADP
ajfa-1705	117	12	the	the	DET
ajfa-1705	117	13	series	series	NOUN
ajfa-1705	117	14	indicate	indicate	VERB
ajfa-1705	117	15	that	that	SCONJ
ajfa-1705	117	16	more	more	ADJ
ajfa-1705	117	17	than	than	ADP
ajfa-1705	117	18	half	half	NOUN
ajfa-1705	117	19	of	of	ADP
ajfa-1705	117	20	the	the	DET
ajfa-1705	117	21	series	series	NOUN
ajfa-1705	117	22	has	have	VERB
ajfa-1705	117	23	a	a	DET
ajfa-1705	117	24	negative	negative	ADJ
ajfa-1705	117	25	skewness	skewness	NOUN
ajfa-1705	117	26	.	.	PUNCT
ajfa-1705	118	1	moreover	moreover	ADV
ajfa-1705	118	2	,	,	PUNCT
ajfa-1705	118	3	we	we	PRON
ajfa-1705	118	4	also	also	ADV
ajfa-1705	118	5	reported	report	VERB
ajfa-1705	118	6	the	the	DET
ajfa-1705	118	7	autocorrelation	autocorrelation	NOUN
ajfa-1705	118	8	coefficients	coefficient	NOUN
ajfa-1705	118	9	for	for	ADP
ajfa-1705	118	10	simple	simple	ADJ
ajfa-1705	118	11	and	and	CCONJ
ajfa-1705	118	12	squared	squared	ADJ
ajfa-1705	118	13	returns	return	NOUN
ajfa-1705	118	14	at	at	ADP
ajfa-1705	118	15	first	first	ADJ
ajfa-1705	118	16	lag	lag	NOUN
ajfa-1705	118	17	in	in	ADP
ajfa-1705	118	18	table	table	NOUN
ajfa-1705	118	19	1	1	NUM
ajfa-1705	118	20	.	.	PUNCT
ajfa-1705	119	1	the	the	DET
ajfa-1705	119	2	first	first	ADJ
ajfa-1705	119	3	order	order	NOUN
ajfa-1705	119	4	return	return	NOUN
ajfa-1705	119	5	autocorrelation	autocorrelation	NOUN
ajfa-1705	119	6	coefficient	coefficient	NOUN
ajfa-1705	119	7	displays	display	VERB
ajfa-1705	119	8	a	a	DET
ajfa-1705	119	9	significantly	significantly	ADV
ajfa-1705	119	10	positive	positive	ADJ
ajfa-1705	119	11	serial	serial	ADJ
ajfa-1705	119	12	correlation	correlation	NOUN
ajfa-1705	119	13	for	for	ADP
ajfa-1705	119	14	most	most	ADJ
ajfa-1705	119	15	of	of	ADP
ajfa-1705	119	16	the	the	DET
ajfa-1705	119	17	return	return	NOUN
ajfa-1705	119	18	series	series	NOUN
ajfa-1705	119	19	.	.	PUNCT
ajfa-1705	120	1	in	in	ADP
ajfa-1705	120	2	addition	addition	NOUN
ajfa-1705	120	3	,	,	PUNCT
ajfa-1705	120	4	coefficients	coefficient	NOUN
ajfa-1705	120	5	measuring	measure	VERB
ajfa-1705	120	6	the	the	DET
ajfa-1705	120	7	serial	serial	ADJ
ajfa-1705	120	8	correlation	correlation	NOUN
ajfa-1705	120	9	in	in	ADP
ajfa-1705	120	10	squared	squared	ADJ
ajfa-1705	120	11	returns	return	NOUN
ajfa-1705	120	12	indicate	indicate	VERB
ajfa-1705	120	13	a	a	DET
ajfa-1705	120	14	presence	presence	NOUN
ajfa-1705	120	15	of	of	ADP
ajfa-1705	120	16	volatility	volatility	NOUN
ajfa-1705	120	17	clustering	clustering	NOUN
ajfa-1705	120	18	effects	effect	NOUN
ajfa-1705	120	19	for	for	ADP
ajfa-1705	120	20	all	all	DET
ajfa-1705	120	21	sectors	sector	NOUN
ajfa-1705	120	22	including	include	VERB
ajfa-1705	120	23	the	the	DET
ajfa-1705	120	24	kse	kse	PROPN
ajfa-1705	120	25	100	100	NUM
ajfa-1705	120	26	index	index	NOUN
ajfa-1705	120	27	.	.	PUNCT
ajfa-1705	121	1	thus	thus	ADV
ajfa-1705	121	2	,	,	PUNCT
ajfa-1705	121	3	we	we	PRON
ajfa-1705	121	4	can	can	AUX
ajfa-1705	121	5	use	use	VERB
ajfa-1705	121	6	garch	garch	NOUN
ajfa-1705	121	7	models	model	NOUN
ajfa-1705	121	8	to	to	PART
ajfa-1705	121	9	capture	capture	VERB
ajfa-1705	121	10	these	these	DET
ajfa-1705	121	11	characteristics	characteristic	NOUN
ajfa-1705	121	12	of	of	ADP
ajfa-1705	121	13	asset	asset	NOUN
ajfa-1705	121	14	returns	return	NOUN
ajfa-1705	121	15	.	.	PUNCT
ajfa-1705	122	1	furthere	furthere	ADV
ajfa-1705	122	2	more	more	ADV
ajfa-1705	122	3	all	all	DET
ajfa-1705	122	4	the	the	DET
ajfa-1705	122	5	series	series	NOUN
ajfa-1705	122	6	reject	reject	VERB
ajfa-1705	122	7	the	the	DET
ajfa-1705	122	8	h0hypothesis	h0hypothesis	NOUN
ajfa-1705	122	9	for	for	ADP
ajfa-1705	122	10	jbtest	jbtest	NOUN
ajfa-1705	122	11	confirming	confirm	VERB
ajfa-1705	122	12	that	that	SCONJ
ajfa-1705	122	13	these	these	PRON
ajfa-1705	122	14	are	be	AUX
ajfa-1705	122	15	not	not	PART
ajfa-1705	122	16	normal	normal	ADJ
ajfa-1705	122	17	distributed	distribute	VERB
ajfa-1705	122	18	.	.	PUNCT
ajfa-1705	123	1	3.1	3.1	NUM
ajfa-1705	123	2	news	news	NOUN
ajfa-1705	123	3	data	datum	NOUN
ajfa-1705	123	4	political	political	ADJ
ajfa-1705	123	5	news	news	NOUN
ajfa-1705	123	6	has	have	VERB
ajfa-1705	123	7	great	great	ADJ
ajfa-1705	123	8	impact	impact	NOUN
ajfa-1705	123	9	on	on	ADP
ajfa-1705	123	10	the	the	DET
ajfa-1705	123	11	pakistani	pakistani	ADJ
ajfa-1705	123	12	stock	stock	NOUN
ajfa-1705	123	13	market	market	NOUN
ajfa-1705	123	14	as	as	SCONJ
ajfa-1705	123	15	it	it	PRON
ajfa-1705	123	16	is	be	AUX
ajfa-1705	123	17	clear	clear	ADJ
ajfa-1705	123	18	when	when	SCONJ
ajfa-1705	123	19	the	the	DET
ajfa-1705	123	20	parliament	parliament	NOUN
ajfa-1705	123	21	passes	pass	VERB
ajfa-1705	123	22	the	the	DET
ajfa-1705	123	23	18th	18th	ADJ
ajfa-1705	123	24	amendment	amendment	NOUN
ajfa-1705	123	25	in	in	ADP
ajfa-1705	123	26	the	the	DET
ajfa-1705	123	27	evening	evening	NOUN
ajfa-1705	123	28	and	and	CCONJ
ajfa-1705	123	29	the	the	DET
ajfa-1705	123	30	next	next	ADJ
ajfa-1705	123	31	day	day	NOUN
ajfa-1705	123	32	the	the	DET
ajfa-1705	123	33	kse100	kse100	PROPN
ajfa-1705	123	34	roses	rose	NOUN
ajfa-1705	123	35	by	by	ADP
ajfa-1705	123	36	300	300	NUM
ajfa-1705	123	37	points	point	NOUN
ajfa-1705	123	38	.	.	PUNCT
ajfa-1705	124	1	in	in	ADP
ajfa-1705	124	2	this	this	DET
ajfa-1705	124	3	paper	paper	NOUN
ajfa-1705	124	4	we	we	PRON
ajfa-1705	124	5	use	use	VERB
ajfa-1705	124	6	political	political	ADJ
ajfa-1705	124	7	news	news	NOUN
ajfa-1705	124	8	to	to	PART
ajfa-1705	124	9	test	test	VERB
ajfa-1705	124	10	the	the	DET
ajfa-1705	124	11	impact	impact	NOUN
ajfa-1705	124	12	of	of	ADP
ajfa-1705	124	13	political	political	ADJ
ajfa-1705	124	14	risk	risk	NOUN
ajfa-1705	124	15	on	on	ADP
ajfa-1705	124	16	stock	stock	NOUN
ajfa-1705	124	17	market	market	NOUN
ajfa-1705	124	18	volatility	volatility	NOUN
ajfa-1705	124	19	.	.	PUNCT
ajfa-1705	125	1	we	we	PRON
ajfa-1705	125	2	collected	collect	VERB
ajfa-1705	125	3	186	186	NUM
ajfa-1705	125	4	news	news	NOUN
ajfa-1705	125	5	items	item	NOUN
ajfa-1705	125	6	in	in	ADP
ajfa-1705	125	7	total	total	NOUN
ajfa-1705	125	8	after	after	ADP
ajfa-1705	125	9	careful	careful	ADJ
ajfa-1705	125	10	reading	reading	NOUN
ajfa-1705	125	11	of	of	ADP
ajfa-1705	125	12	more	more	ADJ
ajfa-1705	125	13	than	than	ADP
ajfa-1705	125	14	4000	4000	NUM
ajfa-1705	125	15	news3	news3	PROPN
ajfa-1705	125	16	.	.	PUNCT
ajfa-1705	126	1	we	we	PRON
ajfa-1705	126	2	gathered	gather	VERB
ajfa-1705	126	3	all	all	DET
ajfa-1705	126	4	the	the	DET
ajfa-1705	126	5	news	news	NOUN
ajfa-1705	126	6	which	which	PRON
ajfa-1705	126	7	are	be	AUX
ajfa-1705	126	8	related	relate	VERB
ajfa-1705	126	9	to	to	ADP
ajfa-1705	126	10	politics	politic	NOUN
ajfa-1705	126	11	and	and	CCONJ
ajfa-1705	126	12	include	include	VERB
ajfa-1705	126	13	i	i	NOUN
ajfa-1705	126	14	)	)	PUNCT
ajfa-1705	126	15	agreements	agreement	NOUN
ajfa-1705	126	16	between	between	ADP
ajfa-1705	126	17	political	political	ADJ
ajfa-1705	126	18	parties	party	NOUN
ajfa-1705	126	19	,	,	PUNCT
ajfa-1705	126	20	ii	ii	NOUN
ajfa-1705	126	21	)	)	PUNCT
ajfa-1705	126	22	conflicts	conflict	NOUN
ajfa-1705	126	23	between	between	ADP
ajfa-1705	126	24	politicians	politician	NOUN
ajfa-1705	126	25	and	and	CCONJ
ajfa-1705	126	26	army	army	PROPN
ajfa-1705	126	27	iii	iii	PROPN
ajfa-1705	126	28	)	)	PUNCT
ajfa-1705	126	29	talks	talk	NOUN
ajfa-1705	126	30	and	and	CCONJ
ajfa-1705	126	31	statements	statement	NOUN
ajfa-1705	126	32	given	give	VERB
ajfa-1705	126	33	by	by	ADP
ajfa-1705	126	34	the	the	DET
ajfa-1705	126	35	leaders	leader	NOUN
ajfa-1705	126	36	of	of	ADP
ajfa-1705	126	37	political	political	ADJ
ajfa-1705	126	38	parties	party	NOUN
ajfa-1705	126	39	about	about	ADP
ajfa-1705	126	40	future	future	ADJ
ajfa-1705	126	41	policies	policy	NOUN
ajfa-1705	126	42	,	,	PUNCT
ajfa-1705	126	43	iv	iv	X
ajfa-1705	126	44	)	)	PUNCT
ajfa-1705	126	45	dismissal	dismissal	NOUN
ajfa-1705	126	46	of	of	ADP
ajfa-1705	126	47	governments	government	NOUN
ajfa-1705	126	48	before	before	ADP
ajfa-1705	126	49	time	time	NOUN
ajfa-1705	126	50	,	,	PUNCT
ajfa-1705	126	51	v	v	NOUN
ajfa-1705	126	52	)	)	PUNCT
ajfa-1705	126	53	intervention	intervention	NOUN
ajfa-1705	126	54	of	of	ADP
ajfa-1705	126	55	army	army	NOUN
ajfa-1705	126	56	.	.	PUNCT
ajfa-1705	127	1	after	after	ADP
ajfa-1705	127	2	collecting	collect	VERB
ajfa-1705	127	3	the	the	DET
ajfa-1705	127	4	political	political	ADJ
ajfa-1705	127	5	news	news	NOUN
ajfa-1705	127	6	,	,	PUNCT
ajfa-1705	127	7	we	we	PRON
ajfa-1705	127	8	sort	sort	VERB
ajfa-1705	127	9	these	these	DET
ajfa-1705	127	10	news	news	NOUN
ajfa-1705	127	11	into	into	ADP
ajfa-1705	127	12	“	"	PUNCT
ajfa-1705	127	13	good	good	ADJ
ajfa-1705	127	14	”	"	PUNCT
ajfa-1705	127	15	and	and	CCONJ
ajfa-1705	127	16	“	"	PUNCT
ajfa-1705	127	17	bad	bad	ADJ
ajfa-1705	127	18	”	"	PUNCT
ajfa-1705	127	19	news	news	NOUN
ajfa-1705	127	20	.	.	PUNCT
ajfa-1705	128	1	we	we	PRON
ajfa-1705	128	2	classify	classify	VERB
ajfa-1705	128	3	them	they	PRON
ajfa-1705	128	4	according	accord	VERB
ajfa-1705	128	5	to	to	ADP
ajfa-1705	128	6	their	their	PRON
ajfa-1705	128	7	nature	nature	NOUN
ajfa-1705	128	8	and	and	CCONJ
ajfa-1705	128	9	ultimate	ultimate	ADJ
ajfa-1705	128	10	affect	affect	NOUN
ajfa-1705	128	11	on	on	ADP
ajfa-1705	128	12	the	the	DET
ajfa-1705	128	13	economy	economy	NOUN
ajfa-1705	128	14	and	and	CCONJ
ajfa-1705	128	15	response	response	NOUN
ajfa-1705	128	16	of	of	ADP
ajfa-1705	128	17	general	general	ADJ
ajfa-1705	128	18	public	public	NOUN
ajfa-1705	128	19	.	.	PUNCT
ajfa-1705	129	1	for	for	ADP
ajfa-1705	129	2	instance	instance	NOUN
ajfa-1705	129	3	,	,	PUNCT
ajfa-1705	129	4	in	in	ADP
ajfa-1705	129	5	our	our	PRON
ajfa-1705	129	6	sample	sample	NOUN
ajfa-1705	129	7	period	period	NOUN
ajfa-1705	129	8	we	we	PRON
ajfa-1705	129	9	have	have	VERB
ajfa-1705	129	10	two	two	NUM
ajfa-1705	129	11	main	main	ADJ
ajfa-1705	129	12	parties4	parties4	NOUN
ajfa-1705	129	13	which	which	PRON
ajfa-1705	129	14	are	be	AUX
ajfa-1705	129	15	always	always	ADV
ajfa-1705	129	16	against	against	ADP
ajfa-1705	129	17	each	each	DET
ajfa-1705	129	18	other	other	ADJ
ajfa-1705	129	19	.	.	PUNCT
ajfa-1705	130	1	so	so	ADV
ajfa-1705	130	2	any	any	DET
ajfa-1705	130	3	talk	talk	NOUN
ajfa-1705	130	4	or	or	CCONJ
ajfa-1705	130	5	an	an	DET
ajfa-1705	130	6	agreement	agreement	NOUN
ajfa-1705	130	7	between	between	ADP
ajfa-1705	130	8	these	these	DET
ajfa-1705	130	9	two	two	NUM
ajfa-1705	130	10	parties	party	NOUN
ajfa-1705	130	11	is	be	AUX
ajfa-1705	130	12	considered	consider	VERB
ajfa-1705	130	13	as	as	ADP
ajfa-1705	130	14	good	good	ADJ
ajfa-1705	130	15	news	news	NOUN
ajfa-1705	130	16	.	.	PUNCT
ajfa-1705	131	1	however	however	ADV
ajfa-1705	131	2	,	,	PUNCT
ajfa-1705	131	3	when	when	SCONJ
ajfa-1705	131	4	these	these	DET
ajfa-1705	131	5	parties	party	NOUN
ajfa-1705	131	6	try	try	VERB
ajfa-1705	131	7	to	to	PART
ajfa-1705	131	8	make	make	VERB
ajfa-1705	131	9	fake	fake	ADJ
ajfa-1705	131	10	cases	case	NOUN
ajfa-1705	131	11	against	against	ADP
ajfa-1705	131	12	each	each	DET
ajfa-1705	131	13	other	other	ADJ
ajfa-1705	131	14	then	then	ADV
ajfa-1705	131	15	the	the	DET
ajfa-1705	131	16	news	news	NOUN
ajfa-1705	131	17	considered	consider	VERB
ajfa-1705	131	18	as	as	ADV
ajfa-1705	131	19	bad	bad	ADJ
ajfa-1705	131	20	one	one	NUM
ajfa-1705	131	21	.	.	PUNCT
ajfa-1705	132	1	the	the	DET
ajfa-1705	132	2	interference	interference	NOUN
ajfa-1705	132	3	of	of	ADP
ajfa-1705	132	4	army	army	NOUN
ajfa-1705	132	5	or	or	CCONJ
ajfa-1705	132	6	take	take	VERB
ajfa-1705	132	7	over	over	ADP
ajfa-1705	132	8	on	on	ADP
ajfa-1705	132	9	the	the	DET
ajfa-1705	132	10	democratic	democratic	ADJ
ajfa-1705	132	11	government	government	NOUN
ajfa-1705	132	12	always	always	ADV
ajfa-1705	132	13	considered	consider	VERB
ajfa-1705	132	14	as	as	ADP
ajfa-1705	132	15	bad	bad	ADJ
ajfa-1705	132	16	news	news	NOUN
ajfa-1705	132	17	.	.	PUNCT
ajfa-1705	133	1	we	we	PRON
ajfa-1705	133	2	also	also	ADV
ajfa-1705	133	3	included	include	VERB
ajfa-1705	133	4	the	the	DET
ajfa-1705	133	5	news	news	NOUN
ajfa-1705	133	6	related	relate	VERB
ajfa-1705	133	7	to	to	ADP
ajfa-1705	133	8	mqm	mqm	PROPN
ajfa-1705	133	9	(	(	PUNCT
ajfa-1705	133	10	muttahida	muttahida	PROPN
ajfa-1705	133	11	qaumi	qaumi	PROPN
ajfa-1705	133	12	movement	movement	PROPN
ajfa-1705	133	13	)	)	PUNCT
ajfa-1705	133	14	as	as	SCONJ
ajfa-1705	133	15	they	they	PRON
ajfa-1705	133	16	are	be	AUX
ajfa-1705	133	17	the	the	DET
ajfa-1705	133	18	key	key	ADJ
ajfa-1705	133	19	role	role	NOUN
ajfa-1705	133	20	player	player	NOUN
ajfa-1705	133	21	in	in	ADP
ajfa-1705	133	22	the	the	DET
ajfa-1705	133	23	karachi	karachi	PROPN
ajfa-1705	133	24	city	city	PROPN
ajfa-1705	133	25	the	the	DET
ajfa-1705	133	26	biggest	big	ADJ
ajfa-1705	133	27	city	city	NOUN
ajfa-1705	133	28	of	of	ADP
ajfa-1705	133	29	the	the	DET
ajfa-1705	133	30	pakistan	pakistan	PROPN
ajfa-1705	133	31	.	.	PUNCT
ajfa-1705	134	1	4	4	X
ajfa-1705	134	2	.	.	X
ajfa-1705	134	3	empirical	empirical	ADJ
ajfa-1705	134	4	results	result	NOUN
ajfa-1705	134	5	we	we	PRON
ajfa-1705	134	6	justify	justify	VERB
ajfa-1705	134	7	the	the	DET
ajfa-1705	134	8	selection	selection	NOUN
ajfa-1705	134	9	of	of	ADP
ajfa-1705	134	10	egarch	egarch	NOUN
ajfa-1705	134	11	models	model	NOUN
ajfa-1705	134	12	by	by	ADP
ajfa-1705	134	13	utilizing	utilize	VERB
ajfa-1705	134	14	the	the	DET
ajfa-1705	134	15	linear	linear	ADJ
ajfa-1705	134	16	models	model	NOUN
ajfa-1705	134	17	on	on	ADP
ajfa-1705	134	18	kse	kse	PROPN
ajfa-1705	134	19	100	100	NUM
ajfa-1705	134	20	and	and	CCONJ
ajfa-1705	134	21	other	other	ADJ
ajfa-1705	134	22	selected	select	VERB
ajfa-1705	134	23	sectors	sector	NOUN
ajfa-1705	134	24	with	with	ADP
ajfa-1705	134	25	different	different	ADJ
ajfa-1705	134	26	lags	lag	NOUN
ajfa-1705	134	27	and	and	CCONJ
ajfa-1705	134	28	investigate	investigate	VERB
ajfa-1705	134	29	the	the	DET
ajfa-1705	134	30	best	good	ADJ
ajfa-1705	134	31	fit	fit	ADJ
ajfa-1705	134	32	model	model	NOUN
ajfa-1705	134	33	for	for	ADP
ajfa-1705	134	34	the	the	DET
ajfa-1705	134	35	data	datum	NOUN
ajfa-1705	134	36	according	accord	VERB
ajfa-1705	134	37	to	to	ADP
ajfa-1705	134	38	akaike	akaike	ADJ
ajfa-1705	134	39	information	information	NOUN
ajfa-1705	134	40	criterion	criterion	NOUN
ajfa-1705	134	41	(	(	PUNCT
ajfa-1705	134	42	aic	aic	PROPN
ajfa-1705	134	43	)	)	PUNCT
ajfa-1705	134	44	and	and	CCONJ
ajfa-1705	134	45	schwarz	schwarz	PROPN
ajfa-1705	134	46	information	information	NOUN
ajfa-1705	134	47	criterion	criterion	NOUN
ajfa-1705	134	48	(	(	PUNCT
ajfa-1705	134	49	sic	sic	ADJ
ajfa-1705	134	50	)	)	PUNCT
ajfa-1705	134	51	.	.	PUNCT
ajfa-1705	135	1	we	we	PRON
ajfa-1705	135	2	find	find	VERB
ajfa-1705	135	3	arma	arma	NOUN
ajfa-1705	135	4	(	(	PUNCT
ajfa-1705	135	5	1	1	NUM
ajfa-1705	135	6	,	,	PUNCT
ajfa-1705	135	7	1	1	X
ajfa-1705	135	8	)	)	PUNCT
ajfa-1705	135	9	model	model	NOUN
ajfa-1705	135	10	is	be	AUX
ajfa-1705	135	11	the	the	DET
ajfa-1705	135	12	best	good	ADJ
ajfa-1705	135	13	fit	fit	ADJ
ajfa-1705	135	14	model	model	NOUN
ajfa-1705	135	15	in	in	ADP
ajfa-1705	135	16	most	most	ADJ
ajfa-1705	135	17	of	of	ADP
ajfa-1705	135	18	the	the	DET
ajfa-1705	135	19	series	series	NOUN
ajfa-1705	135	20	in	in	ADP
ajfa-1705	135	21	order	order	NOUN
ajfa-1705	135	22	to	to	PART
ajfa-1705	135	23	capture	capture	VERB
ajfa-1705	135	24	the	the	DET
ajfa-1705	135	25	first	first	ADJ
ajfa-1705	135	26	movement	movement	NOUN
ajfa-1705	135	27	.	.	PUNCT
ajfa-1705	136	1	4.1	4.1	NUM
ajfa-1705	136	2	impact	impact	NOUN
ajfa-1705	136	3	of	of	ADP
ajfa-1705	136	4	good	good	ADJ
ajfa-1705	136	5	political	political	ADJ
ajfa-1705	136	6	news	news	NOUN
ajfa-1705	136	7	first	first	ADV
ajfa-1705	136	8	we	we	PRON
ajfa-1705	136	9	test	test	VERB
ajfa-1705	136	10	the	the	DET
ajfa-1705	136	11	impact	impact	NOUN
ajfa-1705	136	12	of	of	ADP
ajfa-1705	136	13	good	good	ADJ
ajfa-1705	136	14	political	political	ADJ
ajfa-1705	136	15	news	news	NOUN
ajfa-1705	136	16	on	on	ADP
ajfa-1705	136	17	the	the	DET
ajfa-1705	136	18	stock	stock	NOUN
ajfa-1705	136	19	returns	return	NOUN
ajfa-1705	136	20	,	,	PUNCT
ajfa-1705	136	21	means	mean	VERB
ajfa-1705	136	22	how	how	SCONJ
ajfa-1705	136	23	returns	return	NOUN
ajfa-1705	136	24	responds	respond	VERB
ajfa-1705	136	25	to	to	ADP
ajfa-1705	136	26	the	the	DET
ajfa-1705	136	27	good	good	PROPN
ajfa-1705	136	28	news	news	NOUN
ajfa-1705	136	29	.	.	PUNCT
ajfa-1705	137	1	in	in	ADP
ajfa-1705	137	2	general	general	ADJ
ajfa-1705	137	3	,	,	PUNCT
ajfa-1705	137	4	we	we	PRON
ajfa-1705	137	5	know	know	VERB
ajfa-1705	137	6	that	that	SCONJ
ajfa-1705	137	7	good	good	PROPN
ajfa-1705	137	8	news	news	NOUN
ajfa-1705	137	9	increase	increase	VERB
ajfa-1705	137	10	the	the	DET
ajfa-1705	137	11	returns	return	NOUN
ajfa-1705	137	12	.	.	PUNCT
ajfa-1705	138	1	the	the	DET
ajfa-1705	138	2	empirical	empirical	ADJ
ajfa-1705	138	3	results	result	NOUN
ajfa-1705	138	4	from	from	ADP
ajfa-1705	138	5	univariate	univariate	ADJ
ajfa-1705	138	6	egarch	egarch	NOUN
ajfa-1705	138	7	model	model	NOUN
ajfa-1705	138	8	(	(	PUNCT
ajfa-1705	138	9	3	3	NUM
ajfa-1705	138	10	)	)	PUNCT
ajfa-1705	138	11	&	&	CCONJ
ajfa-1705	138	12	(	(	PUNCT
ajfa-1705	138	13	4	4	X
ajfa-1705	138	14	)	)	PUNCT
ajfa-1705	138	15	are	be	AUX
ajfa-1705	138	16	reported	report	VERB
ajfa-1705	138	17	in	in	ADP
ajfa-1705	138	18	tab	tab	NOUN
ajfa-1705	138	19	2	2	NUM
ajfa-1705	138	20	.	.	PUNCT
ajfa-1705	139	1	as	as	SCONJ
ajfa-1705	139	2	it	it	PRON
ajfa-1705	139	3	clear	clear	VERB
ajfa-1705	139	4	the	the	DET
ajfa-1705	139	5	table	table	NOUN
ajfa-1705	139	6	that	that	SCONJ
ajfa-1705	139	7	good	good	ADJ
ajfa-1705	139	8	political	political	ADJ
ajfa-1705	139	9	news	news	NOUN
ajfa-1705	139	10	dummy	dummy	NOUN
ajfa-1705	139	11	is	be	AUX
ajfa-1705	139	12	positive	positive	ADJ
ajfa-1705	139	13	(	(	PUNCT
ajfa-1705	139	14	0.007288	0.007288	NUM
ajfa-1705	139	15	*	*	PUNCT
ajfa-1705	139	16	*	*	PUNCT
ajfa-1705	139	17	*	*	PUNCT
ajfa-1705	139	18	)	)	PUNCT
ajfa-1705	139	19	and	and	CCONJ
ajfa-1705	139	20	is	be	AUX
ajfa-1705	139	21	significantly	significantly	ADV
ajfa-1705	139	22	and	and	CCONJ
ajfa-1705	139	23	statistically	statistically	ADV
ajfa-1705	139	24	significant	significant	ADJ
ajfa-1705	139	25	at	at	ADP
ajfa-1705	139	26	1	1	NUM
ajfa-1705	139	27	%	%	NOUN
ajfa-1705	139	28	for	for	ADP
ajfa-1705	139	29	kse	kse	PROPN
ajfa-1705	139	30	100	100	NUM
ajfa-1705	139	31	index	index	NOUN
ajfa-1705	139	32	.	.	PUNCT
ajfa-1705	140	1	moreover	moreover	ADV
ajfa-1705	140	2	the	the	DET
ajfa-1705	140	3	results	result	NOUN
ajfa-1705	140	4	of	of	ADP
ajfa-1705	140	5	dummy	dummy	ADJ
ajfa-1705	140	6	variable	variable	NOUN
ajfa-1705	140	7	for	for	ADP
ajfa-1705	140	8	sector	sector	NOUN
ajfa-1705	140	9	indexes	index	NOUN
ajfa-1705	140	10	is	be	AUX
ajfa-1705	140	11	also	also	ADV
ajfa-1705	140	12	positive	positive	ADJ
ajfa-1705	140	13	and	and	CCONJ
ajfa-1705	140	14	statistically	statistically	ADV
ajfa-1705	140	15	significant	significant	ADJ
ajfa-1705	140	16	showing	show	VERB
ajfa-1705	140	17	that	that	SCONJ
ajfa-1705	140	18	good	good	ADJ
ajfa-1705	140	19	political	political	ADJ
ajfa-1705	140	20	news	news	NOUN
ajfa-1705	140	21	have	have	VERB
ajfa-1705	140	22	positive	positive	ADJ
ajfa-1705	140	23	effect	effect	NOUN
ajfa-1705	140	24	on	on	ADP
ajfa-1705	140	25	returns	return	NOUN
ajfa-1705	140	26	.	.	PUNCT
ajfa-1705	141	1	financial	financial	ADJ
ajfa-1705	141	2	,	,	PUNCT
ajfa-1705	141	3	auto	auto	NOUN
ajfa-1705	141	4	and	and	CCONJ
ajfa-1705	141	5	parts	part	NOUN
ajfa-1705	141	6	sector	sector	NOUN
ajfa-1705	141	7	show	show	VERB
ajfa-1705	141	8	more	more	ADJ
ajfa-1705	141	9	asian	asian	ADJ
ajfa-1705	141	10	journal	journal	NOUN
ajfa-1705	141	11	of	of	ADP
ajfa-1705	141	12	finance	finance	PROPN
ajfa-1705	141	13	&	&	CCONJ
ajfa-1705	141	14	accounting	accounting	PROPN
ajfa-1705	141	15	issn	issn	PROPN
ajfa-1705	141	16	1946	1946	NUM
ajfa-1705	141	17	-	-	PUNCT
ajfa-1705	141	18	052x	052x	NOUN
ajfa-1705	141	19	2012	2012	NUM
ajfa-1705	141	20	,	,	PUNCT
ajfa-1705	141	21	vol	vol	NOUN
ajfa-1705	141	22	.	.	PROPN
ajfa-1705	141	23	4	4	NUM
ajfa-1705	141	24	,	,	PUNCT
ajfa-1705	141	25	no	no	INTJ
ajfa-1705	141	26	.	.	NOUN
ajfa-1705	141	27	1	1	NUM
ajfa-1705	141	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	141	29	305	305	NUM
ajfa-1705	141	30	positive	positive	ADJ
ajfa-1705	141	31	returns	return	NOUN
ajfa-1705	141	32	(	(	PUNCT
ajfa-1705	141	33	0.010607	0.010607	X
ajfa-1705	141	34	*	*	PUNCT
ajfa-1705	141	35	*	*	PUNCT
ajfa-1705	141	36	*	*	PUNCT
ajfa-1705	141	37	and	and	CCONJ
ajfa-1705	141	38	0.009291	0.009291	NUM
ajfa-1705	141	39	*	*	PUNCT
ajfa-1705	141	40	*	*	PUNCT
ajfa-1705	141	41	respectively	respectively	ADV
ajfa-1705	141	42	)	)	PUNCT
ajfa-1705	141	43	as	as	SCONJ
ajfa-1705	141	44	compared	compare	VERB
ajfa-1705	141	45	with	with	ADP
ajfa-1705	141	46	other	other	ADJ
ajfa-1705	141	47	sectors	sector	NOUN
ajfa-1705	141	48	make	make	VERB
ajfa-1705	141	49	,	,	PUNCT
ajfa-1705	141	50	which	which	PRON
ajfa-1705	141	51	make	make	VERB
ajfa-1705	141	52	clear	clear	ADJ
ajfa-1705	141	53	that	that	SCONJ
ajfa-1705	141	54	they	they	PRON
ajfa-1705	141	55	react	react	VERB
ajfa-1705	141	56	more	more	ADV
ajfa-1705	141	57	to	to	ADP
ajfa-1705	141	58	positive	positive	ADJ
ajfa-1705	141	59	news	news	NOUN
ajfa-1705	141	60	with	with	ADP
ajfa-1705	141	61	respect	respect	NOUN
ajfa-1705	141	62	to	to	ADP
ajfa-1705	141	63	others	other	NOUN
ajfa-1705	141	64	.	.	PUNCT
ajfa-1705	142	1	this	this	PRON
ajfa-1705	142	2	is	be	AUX
ajfa-1705	142	3	a	a	DET
ajfa-1705	142	4	good	good	ADJ
ajfa-1705	142	5	sign	sign	NOUN
ajfa-1705	142	6	because	because	SCONJ
ajfa-1705	142	7	whenever	whenever	SCONJ
ajfa-1705	142	8	political	political	ADJ
ajfa-1705	142	9	parties	party	NOUN
ajfa-1705	142	10	sit	sit	VERB
ajfa-1705	142	11	together	together	ADV
ajfa-1705	142	12	to	to	PART
ajfa-1705	142	13	solve	solve	VERB
ajfa-1705	142	14	the	the	DET
ajfa-1705	142	15	matters	matter	NOUN
ajfa-1705	142	16	for	for	ADP
ajfa-1705	142	17	public	public	ADJ
ajfa-1705	142	18	interest	interest	NOUN
ajfa-1705	142	19	and	and	CCONJ
ajfa-1705	142	20	it	it	PRON
ajfa-1705	142	21	influence	influence	VERB
ajfa-1705	142	22	the	the	DET
ajfa-1705	142	23	market	market	NOUN
ajfa-1705	142	24	in	in	ADP
ajfa-1705	142	25	a	a	DET
ajfa-1705	142	26	positive	positive	ADJ
ajfa-1705	142	27	way	way	NOUN
ajfa-1705	142	28	.	.	PUNCT
ajfa-1705	143	1	now	now	ADV
ajfa-1705	143	2	,	,	PUNCT
ajfa-1705	143	3	turning	turn	VERB
ajfa-1705	143	4	our	our	PRON
ajfa-1705	143	5	concern	concern	NOUN
ajfa-1705	143	6	to	to	ADP
ajfa-1705	143	7	the	the	DET
ajfa-1705	143	8	volatility	volatility	NOUN
ajfa-1705	143	9	dynamics	dynamic	NOUN
ajfa-1705	143	10	reveal	reveal	VERB
ajfa-1705	143	11	more	more	ADV
ajfa-1705	143	12	interesting	interesting	ADJ
ajfa-1705	143	13	results	result	NOUN
ajfa-1705	143	14	.	.	PUNCT
ajfa-1705	144	1	table	table	NOUN
ajfa-1705	144	2	2	2	NUM
ajfa-1705	144	3	,	,	PUNCT
ajfa-1705	144	4	also	also	ADV
ajfa-1705	144	5	describe	describe	VERB
ajfa-1705	144	6	the	the	DET
ajfa-1705	144	7	coefficient	coefficient	NOUN
ajfa-1705	144	8	of	of	ADP
ajfa-1705	144	9	dummy	dummy	NOUN
ajfa-1705	144	10	in	in	ADP
ajfa-1705	144	11	the	the	DET
ajfa-1705	144	12	volatility	volatility	NOUN
ajfa-1705	144	13	equation	equation	NOUN
ajfa-1705	144	14	(	(	PUNCT
ajfa-1705	144	15	4	4	NUM
ajfa-1705	144	16	)	)	PUNCT
ajfa-1705	144	17	.	.	PUNCT
ajfa-1705	145	1	results	result	NOUN
ajfa-1705	145	2	show	show	VERB
ajfa-1705	145	3	that	that	SCONJ
ajfa-1705	145	4	good	good	ADJ
ajfa-1705	145	5	news	news	NOUN
ajfa-1705	145	6	decrease	decrease	NOUN
ajfa-1705	145	7	volatility	volatility	NOUN
ajfa-1705	145	8	in	in	ADP
ajfa-1705	145	9	most	most	ADJ
ajfa-1705	145	10	of	of	ADP
ajfa-1705	145	11	the	the	DET
ajfa-1705	145	12	cases	case	NOUN
ajfa-1705	145	13	including	include	VERB
ajfa-1705	145	14	kse100	kse100	PROPN
ajfa-1705	145	15	,	,	PUNCT
ajfa-1705	145	16	basic	basic	ADJ
ajfa-1705	145	17	material	material	NOUN
ajfa-1705	145	18	,	,	PUNCT
ajfa-1705	145	19	utilities	utility	NOUN
ajfa-1705	145	20	,	,	PUNCT
ajfa-1705	145	21	food	food	NOUN
ajfa-1705	145	22	and	and	CCONJ
ajfa-1705	145	23	beverages	beverage	NOUN
ajfa-1705	145	24	,	,	PUNCT
ajfa-1705	145	25	industries	industry	NOUN
ajfa-1705	145	26	and	and	CCONJ
ajfa-1705	145	27	health	health	NOUN
ajfa-1705	145	28	care	care	NOUN
ajfa-1705	145	29	.	.	PUNCT
ajfa-1705	146	1	good	good	ADJ
ajfa-1705	146	2	news	news	NOUN
ajfa-1705	146	3	dummy	dummy	NOUN
ajfa-1705	146	4	is	be	AUX
ajfa-1705	146	5	more	more	ADV
ajfa-1705	146	6	significant	significant	ADJ
ajfa-1705	146	7	and	and	CCONJ
ajfa-1705	146	8	higher	high	ADJ
ajfa-1705	146	9	in	in	ADP
ajfa-1705	146	10	the	the	DET
ajfa-1705	146	11	case	case	NOUN
ajfa-1705	146	12	of	of	ADP
ajfa-1705	146	13	basic	basic	ADJ
ajfa-1705	146	14	material	material	NOUN
ajfa-1705	146	15	(	(	PUNCT
ajfa-1705	146	16	0.255694	0.255694	NOUN
ajfa-1705	146	17	*	*	SYM
ajfa-1705	146	18	*	*	NOUN
ajfa-1705	146	19	)	)	PUNCT
ajfa-1705	146	20	industries	industry	NOUN
ajfa-1705	146	21	(	(	PUNCT
ajfa-1705	146	22	0.215425	0.215425	X
ajfa-1705	146	23	*	*	SYM
ajfa-1705	146	24	*	*	PUNCT
ajfa-1705	146	25	*	*	PUNCT
ajfa-1705	146	26	)	)	PUNCT
ajfa-1705	146	27	as	as	SCONJ
ajfa-1705	146	28	compare	compare	VERB
ajfa-1705	146	29	to	to	ADP
ajfa-1705	146	30	other	other	ADJ
ajfa-1705	146	31	sectors	sector	NOUN
ajfa-1705	146	32	.	.	PUNCT
ajfa-1705	147	1	however	however	ADV
ajfa-1705	147	2	some	some	DET
ajfa-1705	147	3	sectors	sector	NOUN
ajfa-1705	147	4	as	as	ADP
ajfa-1705	147	5	oil	oil	NOUN
ajfa-1705	147	6	and	and	CCONJ
ajfa-1705	147	7	gas	gas	NOUN
ajfa-1705	147	8	(	(	PUNCT
ajfa-1705	147	9	0.037254	0.037254	NUM
ajfa-1705	147	10	)	)	PUNCT
ajfa-1705	147	11	,	,	PUNCT
ajfa-1705	147	12	financial	financial	ADJ
ajfa-1705	147	13	(	(	PUNCT
ajfa-1705	147	14	0.061050	0.061050	NUM
ajfa-1705	147	15	)	)	PUNCT
ajfa-1705	147	16	and	and	CCONJ
ajfa-1705	147	17	auto	auto	NOUN
ajfa-1705	147	18	and	and	CCONJ
ajfa-1705	147	19	parts	part	NOUN
ajfa-1705	147	20	(	(	PUNCT
ajfa-1705	147	21	0.059129	0.059129	NUM
ajfa-1705	147	22	)	)	PUNCT
ajfa-1705	147	23	are	be	AUX
ajfa-1705	147	24	not	not	PART
ajfa-1705	147	25	statistically	statistically	ADV
ajfa-1705	147	26	significant	significant	ADJ
ajfa-1705	147	27	with	with	ADP
ajfa-1705	147	28	respect	respect	NOUN
ajfa-1705	147	29	to	to	ADP
ajfa-1705	147	30	good	good	ADJ
ajfa-1705	147	31	political	political	ADJ
ajfa-1705	147	32	news	news	NOUN
ajfa-1705	147	33	.	.	PUNCT
ajfa-1705	148	1	table	table	NOUN
ajfa-1705	148	2	2	2	NUM
ajfa-1705	148	3	also	also	ADV
ajfa-1705	148	4	reports	report	VERB
ajfa-1705	148	5	the	the	DET
ajfa-1705	148	6	volatility	volatility	NOUN
ajfa-1705	148	7	asymmetry	asymmetry	NOUN
ajfa-1705	148	8	,	,	PUNCT
ajfa-1705	148	9	which	which	PRON
ajfa-1705	148	10	is	be	AUX
ajfa-1705	148	11	negative	negative	ADJ
ajfa-1705	148	12	in	in	ADP
ajfa-1705	148	13	all	all	PRON
ajfa-1705	148	14	of	of	ADP
ajfa-1705	148	15	the	the	DET
ajfa-1705	148	16	sectors	sector	NOUN
ajfa-1705	148	17	including	include	VERB
ajfa-1705	148	18	the	the	DET
ajfa-1705	148	19	kse	kse	PROPN
ajfa-1705	148	20	100	100	NUM
ajfa-1705	148	21	which	which	PRON
ajfa-1705	148	22	is	be	AUX
ajfa-1705	148	23	due	due	ADJ
ajfa-1705	148	24	to	to	ADP
ajfa-1705	148	25	the	the	DET
ajfa-1705	148	26	leverage	leverage	NOUN
ajfa-1705	148	27	effect	effect	NOUN
ajfa-1705	148	28	.	.	PUNCT
ajfa-1705	149	1	however	however	ADV
ajfa-1705	149	2	the	the	DET
ajfa-1705	149	3	asymmetry	asymmetry	NOUN
ajfa-1705	149	4	for	for	ADP
ajfa-1705	149	5	auto	auto	NOUN
ajfa-1705	149	6	and	and	CCONJ
ajfa-1705	149	7	parts	part	NOUN
ajfa-1705	149	8	is	be	AUX
ajfa-1705	149	9	positive	positive	ADJ
ajfa-1705	149	10	showing	showing	NOUN
ajfa-1705	149	11	that	that	SCONJ
ajfa-1705	149	12	there	there	PRON
ajfa-1705	149	13	is	be	VERB
ajfa-1705	149	14	no	no	DET
ajfa-1705	149	15	leverage	leverage	NOUN
ajfa-1705	149	16	effect	effect	NOUN
ajfa-1705	149	17	in	in	ADP
ajfa-1705	149	18	this	this	DET
ajfa-1705	149	19	sector	sector	NOUN
ajfa-1705	149	20	.	.	PUNCT
ajfa-1705	150	1	moreover	moreover	ADV
ajfa-1705	150	2	negative	negative	ADJ
ajfa-1705	150	3	asymmetry	asymmetry	NOUN
ajfa-1705	150	4	implies	imply	VERB
ajfa-1705	150	5	that	that	SCONJ
ajfa-1705	150	6	the	the	DET
ajfa-1705	150	7	variance	variance	NOUN
ajfa-1705	150	8	goes	go	VERB
ajfa-1705	150	9	up	up	ADP
ajfa-1705	150	10	more	more	ADV
ajfa-1705	150	11	after	after	ADP
ajfa-1705	150	12	negative	negative	ADJ
ajfa-1705	150	13	news	news	NOUN
ajfa-1705	150	14	than	than	ADP
ajfa-1705	150	15	after	after	ADP
ajfa-1705	150	16	positive	positive	ADJ
ajfa-1705	150	17	news	news	NOUN
ajfa-1705	150	18	.	.	PUNCT
ajfa-1705	151	1	furthermore	furthermore	ADV
ajfa-1705	151	2	,	,	PUNCT
ajfa-1705	151	3	persistence	persistence	NOUN
ajfa-1705	151	4	parameter	parameter	NOUN
ajfa-1705	151	5	is	be	AUX
ajfa-1705	151	6	also	also	ADV
ajfa-1705	151	7	reported	report	VERB
ajfa-1705	151	8	in	in	ADP
ajfa-1705	151	9	table	table	NOUN
ajfa-1705	151	10	4	4	NUM
ajfa-1705	151	11	,	,	PUNCT
ajfa-1705	151	12	which	which	PRON
ajfa-1705	151	13	very	very	ADV
ajfa-1705	151	14	large	large	ADJ
ajfa-1705	151	15	in	in	ADP
ajfa-1705	151	16	most	most	ADJ
ajfa-1705	151	17	of	of	ADP
ajfa-1705	151	18	the	the	DET
ajfa-1705	151	19	selected	select	VERB
ajfa-1705	151	20	sectors	sector	NOUN
ajfa-1705	151	21	including	include	VERB
ajfa-1705	151	22	kse	kse	PROPN
ajfa-1705	151	23	100	100	NUM
ajfa-1705	151	24	which	which	PRON
ajfa-1705	151	25	indicate	indicate	VERB
ajfa-1705	151	26	that	that	DET
ajfa-1705	151	27	variance	variance	NOUN
ajfa-1705	151	28	move	move	VERB
ajfa-1705	151	29	slowly	slowly	ADV
ajfa-1705	151	30	through	through	ADP
ajfa-1705	151	31	time	time	NOUN
ajfa-1705	151	32	.	.	PUNCT
ajfa-1705	152	1	from	from	ADP
ajfa-1705	152	2	the	the	DET
ajfa-1705	152	3	table	table	NOUN
ajfa-1705	152	4	we	we	PRON
ajfa-1705	152	5	also	also	ADV
ajfa-1705	152	6	observe	observe	VERB
ajfa-1705	152	7	that	that	SCONJ
ajfa-1705	152	8	the	the	DET
ajfa-1705	152	9	coefficient	coefficient	NOUN
ajfa-1705	152	10	for	for	ADP
ajfa-1705	152	11	basic	basic	ADJ
ajfa-1705	152	12	material	material	NOUN
ajfa-1705	152	13	(	(	PUNCT
ajfa-1705	152	14	0.589553	0.589553	NUM
ajfa-1705	152	15	*	*	NOUN
ajfa-1705	152	16	*	*	PUNCT
ajfa-1705	152	17	*	*	PUNCT
ajfa-1705	152	18	)	)	PUNCT
ajfa-1705	152	19	and	and	CCONJ
ajfa-1705	152	20	industries	industry	NOUN
ajfa-1705	152	21	(	(	PUNCT
ajfa-1705	152	22	0.721994	0.721994	NUM
ajfa-1705	152	23	)	)	PUNCT
ajfa-1705	152	24	is	be	AUX
ajfa-1705	152	25	quite	quite	ADV
ajfa-1705	152	26	low	low	ADJ
ajfa-1705	152	27	as	as	SCONJ
ajfa-1705	152	28	compare	compare	ADJ
ajfa-1705	152	29	to	to	ADP
ajfa-1705	152	30	the	the	DET
ajfa-1705	152	31	other	other	ADJ
ajfa-1705	152	32	sectors	sector	NOUN
ajfa-1705	152	33	those	those	PRON
ajfa-1705	152	34	have	have	VERB
ajfa-1705	152	35	coefficient	coefficient	NOUN
ajfa-1705	152	36	more	more	ADJ
ajfa-1705	152	37	than	than	ADP
ajfa-1705	152	38	0.90	0.90	NUM
ajfa-1705	152	39	.	.	PUNCT
ajfa-1705	153	1	we	we	PRON
ajfa-1705	153	2	conclude	conclude	VERB
ajfa-1705	153	3	that	that	SCONJ
ajfa-1705	153	4	the	the	DET
ajfa-1705	153	5	sectors	sector	NOUN
ajfa-1705	153	6	which	which	PRON
ajfa-1705	153	7	response	response	VERB
ajfa-1705	153	8	more	more	ADV
ajfa-1705	153	9	towards	towards	ADP
ajfa-1705	153	10	good	good	ADJ
ajfa-1705	153	11	news	news	NOUN
ajfa-1705	153	12	(	(	PUNCT
ajfa-1705	153	13	volatility	volatility	NOUN
ajfa-1705	153	14	decrease	decrease	VERB
ajfa-1705	153	15	more	more	ADJ
ajfa-1705	153	16	than	than	ADP
ajfa-1705	153	17	other	other	ADJ
ajfa-1705	153	18	such	such	ADJ
ajfa-1705	153	19	as	as	ADP
ajfa-1705	153	20	basic	basic	ADJ
ajfa-1705	153	21	material	material	NOUN
ajfa-1705	153	22	and	and	CCONJ
ajfa-1705	153	23	industries	industry	NOUN
ajfa-1705	153	24	)	)	PUNCT
ajfa-1705	153	25	has	have	AUX
ajfa-1705	153	26	lower	low	ADJ
ajfa-1705	153	27	.	.	PUNCT
ajfa-1705	154	1	our	our	PRON
ajfa-1705	154	2	results	result	NOUN
ajfa-1705	154	3	also	also	ADV
ajfa-1705	154	4	explains	explain	VERB
ajfa-1705	154	5	that	that	SCONJ
ajfa-1705	154	6	good	good	ADJ
ajfa-1705	154	7	political	political	ADJ
ajfa-1705	154	8	news	news	NOUN
ajfa-1705	154	9	have	have	VERB
ajfa-1705	154	10	no	no	DET
ajfa-1705	154	11	affect	affect	NOUN
ajfa-1705	154	12	on	on	ADP
ajfa-1705	154	13	the	the	DET
ajfa-1705	154	14	volatility	volatility	NOUN
ajfa-1705	154	15	of	of	ADP
ajfa-1705	154	16	the	the	DET
ajfa-1705	154	17	oil	oil	NOUN
ajfa-1705	154	18	and	and	CCONJ
ajfa-1705	154	19	gas	gas	NOUN
ajfa-1705	154	20	sectors	sector	NOUN
ajfa-1705	154	21	,	,	PUNCT
ajfa-1705	154	22	since	since	SCONJ
ajfa-1705	154	23	the	the	DET
ajfa-1705	154	24	price	price	NOUN
ajfa-1705	154	25	of	of	ADP
ajfa-1705	154	26	oil	oil	NOUN
ajfa-1705	154	27	is	be	AUX
ajfa-1705	154	28	linked	link	VERB
ajfa-1705	154	29	to	to	ADP
ajfa-1705	154	30	the	the	DET
ajfa-1705	154	31	international	international	ADJ
ajfa-1705	154	32	markets	market	NOUN
ajfa-1705	154	33	so	so	SCONJ
ajfa-1705	154	34	the	the	DET
ajfa-1705	154	35	domestic	domestic	ADJ
ajfa-1705	154	36	good	good	ADJ
ajfa-1705	154	37	news	news	NOUN
ajfa-1705	154	38	did	do	AUX
ajfa-1705	154	39	not	not	PART
ajfa-1705	154	40	change	change	VERB
ajfa-1705	154	41	the	the	DET
ajfa-1705	154	42	volatility	volatility	NOUN
ajfa-1705	154	43	.	.	PUNCT
ajfa-1705	155	1	similar	similar	ADJ
ajfa-1705	155	2	results	result	NOUN
ajfa-1705	155	3	are	be	AUX
ajfa-1705	155	4	found	find	VERB
ajfa-1705	155	5	with	with	ADP
ajfa-1705	155	6	the	the	DET
ajfa-1705	155	7	financial	financial	ADJ
ajfa-1705	155	8	sector	sector	NOUN
ajfa-1705	155	9	,	,	PUNCT
ajfa-1705	155	10	describe	describe	VERB
ajfa-1705	155	11	that	that	SCONJ
ajfa-1705	155	12	the	the	DET
ajfa-1705	155	13	coefficient	coefficient	NOUN
ajfa-1705	155	14	for	for	ADP
ajfa-1705	155	15	good	good	ADJ
ajfa-1705	155	16	news	news	NOUN
ajfa-1705	155	17	is	be	AUX
ajfa-1705	155	18	not	not	PART
ajfa-1705	155	19	statistically	statistically	ADV
ajfa-1705	155	20	significant	significant	ADJ
ajfa-1705	155	21	.	.	PUNCT
ajfa-1705	156	1	it	it	PRON
ajfa-1705	156	2	is	be	AUX
ajfa-1705	156	3	because	because	SCONJ
ajfa-1705	156	4	the	the	DET
ajfa-1705	156	5	financial	financial	ADJ
ajfa-1705	156	6	sector	sector	NOUN
ajfa-1705	156	7	can	can	AUX
ajfa-1705	156	8	be	be	AUX
ajfa-1705	156	9	more	more	ADV
ajfa-1705	156	10	dependent	dependent	ADJ
ajfa-1705	156	11	on	on	ADP
ajfa-1705	156	12	the	the	DET
ajfa-1705	156	13	economic	economic	ADJ
ajfa-1705	156	14	news	news	NOUN
ajfa-1705	156	15	rather	rather	ADV
ajfa-1705	156	16	than	than	ADP
ajfa-1705	156	17	the	the	DET
ajfa-1705	156	18	political	political	ADJ
ajfa-1705	156	19	one	one	NUM
ajfa-1705	156	20	.	.	PUNCT
ajfa-1705	157	1	the	the	DET
ajfa-1705	157	2	time	time	NOUN
ajfa-1705	157	3	period	period	NOUN
ajfa-1705	157	4	required	require	VERB
ajfa-1705	157	5	for	for	ADP
ajfa-1705	157	6	shocks	shock	NOUN
ajfa-1705	157	7	to	to	PART
ajfa-1705	157	8	reduce	reduce	VERB
ajfa-1705	157	9	to	to	ADP
ajfa-1705	157	10	one	one	NUM
ajfa-1705	157	11	half	half	NOUN
ajfa-1705	157	12	of	of	ADP
ajfa-1705	157	13	the	the	DET
ajfa-1705	157	14	original	original	ADJ
ajfa-1705	157	15	size	size	NOUN
ajfa-1705	157	16	defined	define	VERB
ajfa-1705	157	17	as	as	ADP
ajfa-1705	157	18	ln	ln	NOUN
ajfa-1705	157	19	0.50	0.50	NUM
ajfa-1705	157	20	ln	ln	NOUN
ajfa-1705	157	21	is	be	AUX
ajfa-1705	157	22	approximately	approximately	ADV
ajfa-1705	157	23	8.30	8.30	NUM
ajfa-1705	157	24	days	day	NOUN
ajfa-1705	157	25	for	for	ADP
ajfa-1705	157	26	kse100	kse100	PROPN
ajfa-1705	157	27	index	index	NOUN
ajfa-1705	157	28	and	and	CCONJ
ajfa-1705	157	29	a	a	DET
ajfa-1705	157	30	higher	high	ADJ
ajfa-1705	157	31	one	one	NOUN
ajfa-1705	157	32	is	be	AUX
ajfa-1705	157	33	23.3	23.3	NUM
ajfa-1705	157	34	days	day	NOUN
ajfa-1705	157	35	for	for	ADP
ajfa-1705	157	36	food	food	NOUN
ajfa-1705	157	37	and	and	CCONJ
ajfa-1705	157	38	beverages	beverage	NOUN
ajfa-1705	157	39	and	and	CCONJ
ajfa-1705	157	40	smallest	small	ADJ
ajfa-1705	157	41	of	of	ADP
ajfa-1705	157	42	1.3	1.3	NUM
ajfa-1705	157	43	days	day	NOUN
ajfa-1705	157	44	for	for	ADP
ajfa-1705	157	45	basic	basic	ADJ
ajfa-1705	157	46	material	material	NOUN
ajfa-1705	157	47	sector	sector	NOUN
ajfa-1705	157	48	index	index	NOUN
ajfa-1705	157	49	.	.	PUNCT
ajfa-1705	158	1	this	this	PRON
ajfa-1705	158	2	is	be	AUX
ajfa-1705	158	3	an	an	DET
ajfa-1705	158	4	indication	indication	NOUN
ajfa-1705	158	5	that	that	SCONJ
ajfa-1705	158	6	the	the	DET
ajfa-1705	158	7	shock	shock	NOUN
ajfa-1705	158	8	persist	persist	NOUN
ajfa-1705	158	9	is	be	AUX
ajfa-1705	158	10	8.30	8.30	NUM
ajfa-1705	158	11	,	,	PUNCT
ajfa-1705	158	12	23.3	23.3	NUM
ajfa-1705	158	13	and	and	CCONJ
ajfa-1705	158	14	1.3	1.3	NUM
ajfa-1705	158	15	days	day	NOUN
ajfa-1705	158	16	for	for	ADP
ajfa-1705	158	17	kse100	kse100	PROPN
ajfa-1705	158	18	,	,	PUNCT
ajfa-1705	158	19	food	food	NOUN
ajfa-1705	158	20	and	and	CCONJ
ajfa-1705	158	21	beverage	beverage	NOUN
ajfa-1705	158	22	and	and	CCONJ
ajfa-1705	158	23	basic	basic	ADJ
ajfa-1705	158	24	material	material	NOUN
ajfa-1705	158	25	sector	sector	NOUN
ajfa-1705	158	26	index	index	NOUN
ajfa-1705	158	27	respectively	respectively	ADV
ajfa-1705	158	28	.	.	PUNCT
ajfa-1705	159	1	a	a	DET
ajfa-1705	159	2	shorter	short	ADJ
ajfa-1705	159	3	lasting	last	VERB
ajfa-1705	159	4	persistence	persistence	NOUN
ajfa-1705	159	5	of	of	ADP
ajfa-1705	159	6	shocks	shock	NOUN
ajfa-1705	159	7	in	in	ADP
ajfa-1705	159	8	the	the	DET
ajfa-1705	159	9	conditional	conditional	ADJ
ajfa-1705	159	10	variance	variance	NOUN
ajfa-1705	159	11	implies	imply	VERB
ajfa-1705	159	12	more	more	ADJ
ajfa-1705	159	13	volatility	volatility	NOUN
ajfa-1705	159	14	.	.	PUNCT
ajfa-1705	160	1	the	the	DET
ajfa-1705	160	2	extent	extent	NOUN
ajfa-1705	160	3	to	to	PART
ajfa-1705	160	4	which	which	PRON
ajfa-1705	160	5	negative	negative	ADJ
ajfa-1705	160	6	innovations	innovation	NOUN
ajfa-1705	160	7	increase	increase	VERB
ajfa-1705	160	8	volatility	volatility	NOUN
ajfa-1705	160	9	more	more	ADV
ajfa-1705	160	10	than	than	ADP
ajfa-1705	160	11	positive	positive	ADJ
ajfa-1705	160	12	innovation	innovation	NOUN
ajfa-1705	160	13	is	be	AUX
ajfa-1705	160	14	defined	define	VERB
ajfa-1705	160	15	as	as	ADP
ajfa-1705	160	16	|	|	ADV
ajfa-1705	160	17	1	1	NUM
ajfa-1705	160	18	|	|	ADV
ajfa-1705	160	19	1	1	NUM
ajfa-1705	160	20	,	,	PUNCT
ajfa-1705	160	21	about	about	ADV
ajfa-1705	160	22	1.11	1.11	NUM
ajfa-1705	160	23	times	time	NOUN
ajfa-1705	160	24	for	for	ADP
ajfa-1705	160	25	kse100	kse100	PROPN
ajfa-1705	160	26	index	index	NOUN
ajfa-1705	160	27	,	,	PUNCT
ajfa-1705	160	28	1.39	1.39	NUM
ajfa-1705	160	29	which	which	PRON
ajfa-1705	160	30	is	be	AUX
ajfa-1705	160	31	the	the	DET
ajfa-1705	160	32	maximum	maximum	NOUN
ajfa-1705	160	33	in	in	ADP
ajfa-1705	160	34	all	all	DET
ajfa-1705	160	35	the	the	DET
ajfa-1705	160	36	sectors	sector	NOUN
ajfa-1705	160	37	is	be	AUX
ajfa-1705	160	38	for	for	ADP
ajfa-1705	160	39	basic	basic	ADJ
ajfa-1705	160	40	material	material	NOUN
ajfa-1705	160	41	and	and	CCONJ
ajfa-1705	160	42	lowest	low	ADJ
ajfa-1705	160	43	if	if	SCONJ
ajfa-1705	160	44	for	for	ADP
ajfa-1705	160	45	1.01	1.01	NUM
ajfa-1705	160	46	times	time	NOUN
ajfa-1705	160	47	for	for	ADP
ajfa-1705	160	48	auto	auto	NOUN
ajfa-1705	160	49	and	and	CCONJ
ajfa-1705	160	50	parts	part	NOUN
ajfa-1705	160	51	sector	sector	NOUN
ajfa-1705	160	52	index	index	NOUN
ajfa-1705	160	53	respectively	respectively	ADV
ajfa-1705	160	54	.	.	PUNCT
ajfa-1705	161	1	asymmetry	asymmetry	NOUN
ajfa-1705	161	2	effect	effect	NOUN
ajfa-1705	161	3	of	of	ADP
ajfa-1705	161	4	1.11	1.11	NUM
ajfa-1705	161	5	means	mean	NOUN
ajfa-1705	161	6	,	,	PUNCT
ajfa-1705	161	7	that	that	SCONJ
ajfa-1705	161	8	the	the	DET
ajfa-1705	161	9	negative	negative	ADJ
ajfa-1705	161	10	impact	impact	NOUN
ajfa-1705	161	11	is	be	AUX
ajfa-1705	161	12	1.11	1.11	NUM
ajfa-1705	161	13	times	time	NOUN
ajfa-1705	161	14	more	more	ADJ
ajfa-1705	161	15	than	than	ADP
ajfa-1705	161	16	the	the	DET
ajfa-1705	161	17	positive	positive	ADJ
ajfa-1705	161	18	impact	impact	NOUN
ajfa-1705	161	19	on	on	ADP
ajfa-1705	161	20	the	the	DET
ajfa-1705	161	21	kse100	kse100	PROPN
ajfa-1705	161	22	index	index	NOUN
ajfa-1705	161	23	.	.	PUNCT
ajfa-1705	162	1	4.2	4.2	NUM
ajfa-1705	162	2	impact	impact	NOUN
ajfa-1705	162	3	of	of	ADP
ajfa-1705	162	4	bad	bad	ADJ
ajfa-1705	162	5	political	political	ADJ
ajfa-1705	162	6	news	news	NOUN
ajfa-1705	162	7	in	in	ADP
ajfa-1705	162	8	this	this	DET
ajfa-1705	162	9	part	part	NOUN
ajfa-1705	162	10	we	we	PRON
ajfa-1705	162	11	test	test	VERB
ajfa-1705	162	12	the	the	DET
ajfa-1705	162	13	impact	impact	NOUN
ajfa-1705	162	14	of	of	ADP
ajfa-1705	162	15	bad	bad	ADJ
ajfa-1705	162	16	political	political	ADJ
ajfa-1705	162	17	news	news	NOUN
ajfa-1705	162	18	on	on	ADP
ajfa-1705	162	19	the	the	DET
ajfa-1705	162	20	stock	stock	NOUN
ajfa-1705	162	21	returns	return	NOUN
ajfa-1705	162	22	and	and	CCONJ
ajfa-1705	162	23	volatility	volatility	NOUN
ajfa-1705	162	24	.	.	PUNCT
ajfa-1705	163	1	generally	generally	ADV
ajfa-1705	163	2	speaking	speak	VERB
ajfa-1705	163	3	,	,	PUNCT
ajfa-1705	163	4	bad	bad	ADJ
ajfa-1705	163	5	news	news	NOUN
ajfa-1705	163	6	decreases	decrease	VERB
ajfa-1705	163	7	the	the	DET
ajfa-1705	163	8	returns	return	NOUN
ajfa-1705	163	9	and	and	CCONJ
ajfa-1705	163	10	increases	increase	VERB
ajfa-1705	163	11	the	the	DET
ajfa-1705	163	12	volatility	volatility	NOUN
ajfa-1705	163	13	.	.	PUNCT
ajfa-1705	164	1	the	the	DET
ajfa-1705	164	2	empirical	empirical	ADJ
ajfa-1705	164	3	results	result	NOUN
ajfa-1705	164	4	from	from	ADP
ajfa-1705	164	5	univariate	univariate	ADJ
ajfa-1705	164	6	egarch	egarch	NOUN
ajfa-1705	164	7	model	model	NOUN
ajfa-1705	164	8	(	(	PUNCT
ajfa-1705	164	9	3	3	NUM
ajfa-1705	164	10	)	)	PUNCT
ajfa-1705	164	11	&	&	CCONJ
ajfa-1705	164	12	(	(	PUNCT
ajfa-1705	164	13	4	4	X
ajfa-1705	164	14	)	)	PUNCT
ajfa-1705	164	15	are	be	AUX
ajfa-1705	164	16	reported	report	VERB
ajfa-1705	164	17	in	in	ADP
ajfa-1705	164	18	table	table	NOUN
ajfa-1705	164	19	3	3	NUM
ajfa-1705	164	20	.	.	PUNCT
ajfa-1705	165	1	as	as	SCONJ
ajfa-1705	165	2	it	it	PRON
ajfa-1705	165	3	is	be	AUX
ajfa-1705	165	4	perceived	perceive	VERB
ajfa-1705	165	5	from	from	ADP
ajfa-1705	165	6	the	the	DET
ajfa-1705	165	7	table	table	NOUN
ajfa-1705	165	8	that	that	SCONJ
ajfa-1705	165	9	bad	bad	ADJ
ajfa-1705	165	10	political	political	ADJ
ajfa-1705	165	11	news	news	NOUN
ajfa-1705	165	12	dummy	dummy	NOUN
ajfa-1705	165	13	is	be	AUX
ajfa-1705	165	14	statistically	statistically	ADV
ajfa-1705	165	15	significant	significant	ADJ
ajfa-1705	165	16	at	at	ADP
ajfa-1705	165	17	1	1	NUM
ajfa-1705	165	18	%	%	NOUN
ajfa-1705	165	19	and	and	CCONJ
ajfa-1705	165	20	significantly	significantly	ADV
ajfa-1705	165	21	negative	negative	ADJ
ajfa-1705	165	22	effect	effect	NOUN
ajfa-1705	165	23	(	(	PUNCT
ajfa-1705	165	24	0.011564	0.011564	NUM
ajfa-1705	165	25	*	*	PUNCT
ajfa-1705	165	26	*	*	PUNCT
ajfa-1705	165	27	*	*	PUNCT
ajfa-1705	165	28	)	)	PUNCT
ajfa-1705	165	29	on	on	ADP
ajfa-1705	165	30	the	the	DET
ajfa-1705	165	31	returns	return	NOUN
ajfa-1705	165	32	of	of	ADP
ajfa-1705	165	33	the	the	DET
ajfa-1705	165	34	kse	kse	PROPN
ajfa-1705	165	35	100	100	NUM
ajfa-1705	165	36	index	index	NOUN
ajfa-1705	165	37	.	.	PUNCT
ajfa-1705	166	1	we	we	PRON
ajfa-1705	166	2	also	also	ADV
ajfa-1705	166	3	asian	asian	ADJ
ajfa-1705	166	4	journal	journal	NOUN
ajfa-1705	166	5	of	of	ADP
ajfa-1705	166	6	finance	finance	PROPN
ajfa-1705	166	7	&	&	CCONJ
ajfa-1705	166	8	accounting	accounting	PROPN
ajfa-1705	166	9	issn	issn	PROPN
ajfa-1705	166	10	1946	1946	NUM
ajfa-1705	166	11	-	-	PUNCT
ajfa-1705	166	12	052x	052x	NOUN
ajfa-1705	166	13	2012	2012	NUM
ajfa-1705	166	14	,	,	PUNCT
ajfa-1705	166	15	vol	vol	NOUN
ajfa-1705	166	16	.	.	PROPN
ajfa-1705	166	17	4	4	NUM
ajfa-1705	166	18	,	,	PUNCT
ajfa-1705	166	19	no	no	INTJ
ajfa-1705	166	20	.	.	NOUN
ajfa-1705	166	21	1	1	NUM
ajfa-1705	166	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	166	23	306	306	NUM
ajfa-1705	166	24	reported	report	VERB
ajfa-1705	166	25	the	the	DET
ajfa-1705	166	26	results	result	NOUN
ajfa-1705	166	27	of	of	ADP
ajfa-1705	166	28	the	the	DET
ajfa-1705	166	29	sectors	sector	NOUN
ajfa-1705	166	30	with	with	ADP
ajfa-1705	166	31	respect	respect	NOUN
ajfa-1705	166	32	to	to	ADP
ajfa-1705	166	33	bad	bad	ADJ
ajfa-1705	166	34	news	news	NOUN
ajfa-1705	166	35	.	.	PUNCT
ajfa-1705	167	1	financial	financial	ADJ
ajfa-1705	167	2	and	and	CCONJ
ajfa-1705	167	3	basic	basic	ADJ
ajfa-1705	167	4	material	material	NOUN
ajfa-1705	167	5	is	be	AUX
ajfa-1705	167	6	more	more	ADV
ajfa-1705	167	7	negative	negative	ADJ
ajfa-1705	167	8	results	result	NOUN
ajfa-1705	167	9	(	(	PUNCT
ajfa-1705	167	10	0.015145	0.015145	NOUN
ajfa-1705	167	11	*	*	PUNCT
ajfa-1705	167	12	*	*	PUNCT
ajfa-1705	167	13	*	*	PUNCT
ajfa-1705	167	14	and	and	CCONJ
ajfa-1705	167	15	0.014795	0.014795	NUM
ajfa-1705	167	16	*	*	PUNCT
ajfa-1705	167	17	*	*	PUNCT
ajfa-1705	167	18	*	*	PUNCT
ajfa-1705	167	19	respectively	respectively	ADV
ajfa-1705	167	20	)	)	PUNCT
ajfa-1705	167	21	with	with	ADP
ajfa-1705	167	22	respect	respect	NOUN
ajfa-1705	167	23	to	to	ADP
ajfa-1705	167	24	other	other	ADJ
ajfa-1705	167	25	sectors	sector	NOUN
ajfa-1705	167	26	.	.	PUNCT
ajfa-1705	168	1	however	however	ADV
ajfa-1705	168	2	,	,	PUNCT
ajfa-1705	168	3	we	we	PRON
ajfa-1705	168	4	find	find	VERB
ajfa-1705	168	5	no	no	DET
ajfa-1705	168	6	significant	significant	ADJ
ajfa-1705	168	7	result	result	NOUN
ajfa-1705	168	8	(	(	PUNCT
ajfa-1705	168	9	0.000942	0.000942	NUM
ajfa-1705	168	10	)	)	PUNCT
ajfa-1705	168	11	of	of	ADP
ajfa-1705	168	12	the	the	DET
ajfa-1705	168	13	bad	bad	ADJ
ajfa-1705	168	14	news	news	NOUN
ajfa-1705	168	15	on	on	ADP
ajfa-1705	168	16	health	health	NOUN
ajfa-1705	168	17	care	care	NOUN
ajfa-1705	168	18	sector	sector	NOUN
ajfa-1705	168	19	.	.	PUNCT
ajfa-1705	169	1	concentrating	concentrate	VERB
ajfa-1705	169	2	on	on	ADP
ajfa-1705	169	3	impact	impact	NOUN
ajfa-1705	169	4	of	of	ADP
ajfa-1705	169	5	news	news	NOUN
ajfa-1705	169	6	on	on	ADP
ajfa-1705	169	7	volatility	volatility	NOUN
ajfa-1705	169	8	we	we	PRON
ajfa-1705	169	9	find	find	VERB
ajfa-1705	169	10	motivating	motivating	NOUN
ajfa-1705	169	11	results	result	NOUN
ajfa-1705	169	12	.	.	PUNCT
ajfa-1705	170	1	table	table	NOUN
ajfa-1705	170	2	3	3	NUM
ajfa-1705	170	3	also	also	ADV
ajfa-1705	170	4	divulges	divulge	VERB
ajfa-1705	170	5	the	the	DET
ajfa-1705	170	6	coefficient	coefficient	NOUN
ajfa-1705	170	7	of	of	ADP
ajfa-1705	170	8	dummy	dummy	NOUN
ajfa-1705	170	9	in	in	ADP
ajfa-1705	170	10	the	the	DET
ajfa-1705	170	11	volatility	volatility	NOUN
ajfa-1705	170	12	equation	equation	NOUN
ajfa-1705	170	13	(	(	PUNCT
ajfa-1705	170	14	4	4	NUM
ajfa-1705	170	15	)	)	PUNCT
ajfa-1705	170	16	.	.	PUNCT
ajfa-1705	171	1	results	result	NOUN
ajfa-1705	171	2	show	show	VERB
ajfa-1705	171	3	that	that	SCONJ
ajfa-1705	171	4	bad	bad	ADJ
ajfa-1705	171	5	news	news	NOUN
ajfa-1705	171	6	increase	increase	NOUN
ajfa-1705	171	7	volatility	volatility	NOUN
ajfa-1705	171	8	all	all	PRON
ajfa-1705	171	9	of	of	ADP
ajfa-1705	171	10	the	the	DET
ajfa-1705	171	11	cases	case	NOUN
ajfa-1705	171	12	including	include	VERB
ajfa-1705	171	13	kse100	kse100	PROPN
ajfa-1705	171	14	,	,	PUNCT
ajfa-1705	171	15	basic	basic	ADJ
ajfa-1705	171	16	material	material	NOUN
ajfa-1705	171	17	,	,	PUNCT
ajfa-1705	171	18	utilities	utility	NOUN
ajfa-1705	171	19	,	,	PUNCT
ajfa-1705	171	20	food	food	NOUN
ajfa-1705	171	21	and	and	CCONJ
ajfa-1705	171	22	beverages	beverage	NOUN
ajfa-1705	171	23	.	.	PUNCT
ajfa-1705	172	1	bad	bad	ADJ
ajfa-1705	172	2	news	news	NOUN
ajfa-1705	172	3	has	have	VERB
ajfa-1705	172	4	more	more	ADJ
ajfa-1705	172	5	impact	impact	NOUN
ajfa-1705	172	6	on	on	ADP
ajfa-1705	172	7	the	the	DET
ajfa-1705	172	8	volatility	volatility	NOUN
ajfa-1705	172	9	basic	basic	ADJ
ajfa-1705	172	10	material	material	NOUN
ajfa-1705	172	11	and	and	CCONJ
ajfa-1705	172	12	financial	financial	ADJ
ajfa-1705	172	13	sector	sector	NOUN
ajfa-1705	172	14	(	(	PUNCT
ajfa-1705	172	15	0.600746	0.600746	NUM
ajfa-1705	172	16	*	*	PUNCT
ajfa-1705	172	17	*	*	PUNCT
ajfa-1705	172	18	*	*	PUNCT
ajfa-1705	172	19	and	and	CCONJ
ajfa-1705	172	20	0.492515	0.492515	NUM
ajfa-1705	172	21	*	*	PUNCT
ajfa-1705	172	22	*	*	PUNCT
ajfa-1705	172	23	*	*	PUNCT
ajfa-1705	172	24	respectively	respectively	ADV
ajfa-1705	172	25	)	)	PUNCT
ajfa-1705	172	26	as	as	SCONJ
ajfa-1705	172	27	compare	compare	VERB
ajfa-1705	172	28	to	to	ADP
ajfa-1705	172	29	other	other	ADJ
ajfa-1705	172	30	sectors	sector	NOUN
ajfa-1705	172	31	.	.	PUNCT
ajfa-1705	173	1	however	however	ADV
ajfa-1705	173	2	,	,	PUNCT
ajfa-1705	173	3	we	we	PRON
ajfa-1705	173	4	did	do	AUX
ajfa-1705	173	5	not	not	PART
ajfa-1705	173	6	find	find	VERB
ajfa-1705	173	7	significant	significant	ADJ
ajfa-1705	173	8	statistic	statistic	NOUN
ajfa-1705	173	9	of	of	ADP
ajfa-1705	173	10	the	the	DET
ajfa-1705	173	11	impact	impact	NOUN
ajfa-1705	173	12	of	of	ADP
ajfa-1705	173	13	bad	bad	ADJ
ajfa-1705	173	14	political	political	ADJ
ajfa-1705	173	15	news	news	NOUN
ajfa-1705	173	16	on	on	ADP
ajfa-1705	173	17	industries	industry	NOUN
ajfa-1705	173	18	(	(	PUNCT
ajfa-1705	173	19	0.039800	0.039800	NUM
ajfa-1705	173	20	)	)	PUNCT
ajfa-1705	173	21	and	and	CCONJ
ajfa-1705	173	22	health	health	NOUN
ajfa-1705	173	23	care	care	NOUN
ajfa-1705	173	24	(	(	PUNCT
ajfa-1705	173	25	0.018243	0.018243	NUM
ajfa-1705	173	26	)	)	PUNCT
ajfa-1705	173	27	.	.	PUNCT
ajfa-1705	174	1	table	table	NOUN
ajfa-1705	174	2	3	3	NUM
ajfa-1705	174	3	also	also	ADV
ajfa-1705	174	4	reports	report	VERB
ajfa-1705	174	5	the	the	DET
ajfa-1705	174	6	volatility	volatility	NOUN
ajfa-1705	174	7	asymmetry	asymmetry	NOUN
ajfa-1705	174	8	,	,	PUNCT
ajfa-1705	174	9	which	which	PRON
ajfa-1705	174	10	is	be	AUX
ajfa-1705	174	11	negative	negative	ADJ
ajfa-1705	174	12	in	in	ADP
ajfa-1705	174	13	all	all	PRON
ajfa-1705	174	14	of	of	ADP
ajfa-1705	174	15	the	the	DET
ajfa-1705	174	16	sectors	sector	NOUN
ajfa-1705	174	17	including	include	VERB
ajfa-1705	174	18	kse100	kse100	PROPN
ajfa-1705	174	19	except	except	SCONJ
ajfa-1705	174	20	auto	auto	NOUN
ajfa-1705	174	21	and	and	CCONJ
ajfa-1705	174	22	part	part	NOUN
ajfa-1705	174	23	,	,	PUNCT
ajfa-1705	174	24	confirming	confirm	VERB
ajfa-1705	174	25	leverage	leverage	NOUN
ajfa-1705	174	26	effect	effect	NOUN
ajfa-1705	174	27	.	.	PUNCT
ajfa-1705	175	1	moreover	moreover	ADV
ajfa-1705	175	2	negative	negative	ADJ
ajfa-1705	175	3	asymmetry	asymmetry	NOUN
ajfa-1705	175	4	implies	imply	VERB
ajfa-1705	175	5	that	that	SCONJ
ajfa-1705	175	6	the	the	DET
ajfa-1705	175	7	variance	variance	NOUN
ajfa-1705	175	8	goes	go	VERB
ajfa-1705	175	9	up	up	ADP
ajfa-1705	175	10	more	more	ADV
ajfa-1705	175	11	after	after	ADP
ajfa-1705	175	12	negative	negative	ADJ
ajfa-1705	175	13	news	news	NOUN
ajfa-1705	175	14	than	than	ADP
ajfa-1705	175	15	after	after	ADP
ajfa-1705	175	16	positive	positive	ADJ
ajfa-1705	175	17	news	news	NOUN
ajfa-1705	175	18	.	.	PUNCT
ajfa-1705	176	1	however	however	ADV
ajfa-1705	176	2	in	in	SCONJ
ajfa-1705	176	3	case	case	NOUN
ajfa-1705	176	4	of	of	ADP
ajfa-1705	176	5	auto	auto	NOUN
ajfa-1705	176	6	and	and	CCONJ
ajfa-1705	176	7	parts	part	NOUN
ajfa-1705	176	8	the	the	DET
ajfa-1705	176	9	asymmetry	asymmetry	NOUN
ajfa-1705	176	10	is	be	AUX
ajfa-1705	176	11	positive	positive	ADJ
ajfa-1705	176	12	implies	imply	VERB
ajfa-1705	176	13	the	the	DET
ajfa-1705	176	14	absence	absence	NOUN
ajfa-1705	176	15	of	of	ADP
ajfa-1705	176	16	leverage	leverage	NOUN
ajfa-1705	176	17	effect	effect	NOUN
ajfa-1705	176	18	.	.	PUNCT
ajfa-1705	177	1	furthermore	furthermore	ADV
ajfa-1705	177	2	,	,	PUNCT
ajfa-1705	177	3	persistence	persistence	NOUN
ajfa-1705	177	4	parameter	parameter	NOUN
ajfa-1705	177	5	is	be	AUX
ajfa-1705	177	6	very	very	ADV
ajfa-1705	177	7	large	large	ADJ
ajfa-1705	177	8	in	in	ADP
ajfa-1705	177	9	most	most	ADJ
ajfa-1705	177	10	of	of	ADP
ajfa-1705	177	11	the	the	DET
ajfa-1705	177	12	sectors	sector	NOUN
ajfa-1705	177	13	including	include	VERB
ajfa-1705	177	14	kse	kse	PROPN
ajfa-1705	177	15	100	100	NUM
ajfa-1705	177	16	which	which	PRON
ajfa-1705	177	17	indicate	indicate	VERB
ajfa-1705	177	18	that	that	SCONJ
ajfa-1705	177	19	the	the	DET
ajfa-1705	177	20	variance	variance	NOUN
ajfa-1705	177	21	move	move	VERB
ajfa-1705	177	22	slowly	slowly	ADV
ajfa-1705	177	23	through	through	ADP
ajfa-1705	177	24	time	time	NOUN
ajfa-1705	177	25	.	.	PUNCT
ajfa-1705	178	1	on	on	ADP
ajfa-1705	178	2	the	the	DET
ajfa-1705	178	3	other	other	ADJ
ajfa-1705	178	4	hand	hand	NOUN
ajfa-1705	178	5	,	,	PUNCT
ajfa-1705	178	6	for	for	ADP
ajfa-1705	178	7	the	the	DET
ajfa-1705	178	8	basic	basic	ADJ
ajfa-1705	178	9	material	material	NOUN
ajfa-1705	178	10	and	and	CCONJ
ajfa-1705	178	11	industries	industry	NOUN
ajfa-1705	178	12	is	be	AUX
ajfa-1705	178	13	lower	low	ADJ
ajfa-1705	178	14	than	than	ADP
ajfa-1705	178	15	the	the	DET
ajfa-1705	178	16	other	other	ADJ
ajfa-1705	178	17	sectors	sector	NOUN
ajfa-1705	178	18	.	.	PUNCT
ajfa-1705	179	1	residual	residual	ADJ
ajfa-1705	179	2	autocorrelation	autocorrelation	NOUN
ajfa-1705	179	3	coefficients	coefficient	NOUN
ajfa-1705	179	4	at	at	ADP
ajfa-1705	179	5	10th	10th	ADJ
ajfa-1705	179	6	lag	lag	NOUN
ajfa-1705	179	7	for	for	ADP
ajfa-1705	179	8	both	both	CCONJ
ajfa-1705	179	9	simple	simple	ADJ
ajfa-1705	179	10	and	and	CCONJ
ajfa-1705	179	11	squared	square	VERB
ajfa-1705	179	12	standardized	standardized	ADJ
ajfa-1705	179	13	residuals	residual	NOUN
ajfa-1705	179	14	are	be	AUX
ajfa-1705	179	15	also	also	ADV
ajfa-1705	179	16	reported	report	VERB
ajfa-1705	179	17	in	in	ADP
ajfa-1705	179	18	table	table	NOUN
ajfa-1705	179	19	3	3	NUM
ajfa-1705	179	20	.	.	PUNCT
ajfa-1705	180	1	the	the	DET
ajfa-1705	180	2	statistic	statistic	NOUN
ajfa-1705	180	3	of	of	ADP
ajfa-1705	180	4	autocorrelation	autocorrelation	NOUN
ajfa-1705	180	5	in	in	ADP
ajfa-1705	180	6	residual	residual	ADJ
ajfa-1705	180	7	and	and	CCONJ
ajfa-1705	180	8	squared	square	VERB
ajfa-1705	180	9	residual	residual	ADJ
ajfa-1705	180	10	shows	show	NOUN
ajfa-1705	180	11	the	the	DET
ajfa-1705	180	12	absence	absence	NOUN
ajfa-1705	180	13	of	of	ADP
ajfa-1705	180	14	correlation	correlation	NOUN
ajfa-1705	180	15	.	.	PUNCT
ajfa-1705	181	1	we	we	PRON
ajfa-1705	181	2	also	also	ADV
ajfa-1705	181	3	find	find	VERB
ajfa-1705	181	4	that	that	SCONJ
ajfa-1705	181	5	the	the	DET
ajfa-1705	181	6	magnitude	magnitude	NOUN
ajfa-1705	181	7	of	of	ADP
ajfa-1705	181	8	the	the	DET
ajfa-1705	181	9	negative	negative	ADJ
ajfa-1705	181	10	political	political	ADJ
ajfa-1705	181	11	news	news	NOUN
ajfa-1705	181	12	is	be	AUX
ajfa-1705	181	13	more	more	ADJ
ajfa-1705	181	14	than	than	ADP
ajfa-1705	181	15	the	the	DET
ajfa-1705	181	16	positive	positive	ADJ
ajfa-1705	181	17	political	political	ADJ
ajfa-1705	181	18	news	news	NOUN
ajfa-1705	181	19	on	on	ADP
ajfa-1705	181	20	both	both	PRON
ajfa-1705	181	21	return	return	NOUN
ajfa-1705	181	22	and	and	CCONJ
ajfa-1705	181	23	volatility	volatility	NOUN
ajfa-1705	181	24	.	.	PUNCT
ajfa-1705	182	1	there	there	PRON
ajfa-1705	182	2	is	be	VERB
ajfa-1705	182	3	no	no	DET
ajfa-1705	182	4	affect	affect	NOUN
ajfa-1705	182	5	of	of	ADP
ajfa-1705	182	6	bad	bad	ADJ
ajfa-1705	182	7	political	political	ADJ
ajfa-1705	182	8	news	news	NOUN
ajfa-1705	182	9	on	on	ADP
ajfa-1705	182	10	health	health	NOUN
ajfa-1705	182	11	care	care	NOUN
ajfa-1705	182	12	sector	sector	NOUN
ajfa-1705	182	13	which	which	PRON
ajfa-1705	182	14	is	be	AUX
ajfa-1705	182	15	not	not	PART
ajfa-1705	182	16	surprising	surprising	ADJ
ajfa-1705	182	17	as	as	SCONJ
ajfa-1705	182	18	pakistan	pakistan	PROPN
ajfa-1705	182	19	is	be	AUX
ajfa-1705	182	20	a	a	DET
ajfa-1705	182	21	developing	develop	VERB
ajfa-1705	182	22	country	country	NOUN
ajfa-1705	182	23	and	and	CCONJ
ajfa-1705	182	24	the	the	DET
ajfa-1705	182	25	health	health	NOUN
ajfa-1705	182	26	care	care	NOUN
ajfa-1705	182	27	is	be	AUX
ajfa-1705	182	28	related	relate	VERB
ajfa-1705	182	29	to	to	ADP
ajfa-1705	182	30	basic	basic	ADJ
ajfa-1705	182	31	needs	need	NOUN
ajfa-1705	182	32	of	of	ADP
ajfa-1705	182	33	the	the	DET
ajfa-1705	182	34	people	people	NOUN
ajfa-1705	182	35	.	.	PUNCT
ajfa-1705	183	1	so	so	ADV
ajfa-1705	183	2	the	the	DET
ajfa-1705	183	3	investor	investor	NOUN
ajfa-1705	183	4	think	think	VERB
ajfa-1705	183	5	that	that	SCONJ
ajfa-1705	183	6	the	the	DET
ajfa-1705	183	7	struggle	struggle	NOUN
ajfa-1705	183	8	among	among	ADP
ajfa-1705	183	9	the	the	DET
ajfa-1705	183	10	political	political	ADJ
ajfa-1705	183	11	parties	party	NOUN
ajfa-1705	183	12	do	do	AUX
ajfa-1705	183	13	not	not	PART
ajfa-1705	183	14	affect	affect	VERB
ajfa-1705	183	15	this	this	DET
ajfa-1705	183	16	sector	sector	NOUN
ajfa-1705	183	17	.	.	PUNCT
ajfa-1705	184	1	furthermore	furthermore	ADV
ajfa-1705	184	2	bad	bad	ADJ
ajfa-1705	184	3	news	news	NOUN
ajfa-1705	184	4	does	do	AUX
ajfa-1705	184	5	not	not	PART
ajfa-1705	184	6	influence	influence	VERB
ajfa-1705	184	7	the	the	DET
ajfa-1705	184	8	volatility	volatility	NOUN
ajfa-1705	184	9	of	of	ADP
ajfa-1705	184	10	the	the	DET
ajfa-1705	184	11	industrial	industrial	ADJ
ajfa-1705	184	12	sector	sector	NOUN
ajfa-1705	184	13	.	.	PUNCT
ajfa-1705	185	1	the	the	DET
ajfa-1705	185	2	reason	reason	NOUN
ajfa-1705	185	3	behind	behind	ADP
ajfa-1705	185	4	this	this	PRON
ajfa-1705	185	5	is	be	AUX
ajfa-1705	185	6	that	that	SCONJ
ajfa-1705	185	7	almost	almost	ADV
ajfa-1705	185	8	90	90	NUM
ajfa-1705	185	9	%	%	NOUN
ajfa-1705	185	10	of	of	ADP
ajfa-1705	185	11	the	the	DET
ajfa-1705	185	12	politicians	politician	NOUN
ajfa-1705	185	13	are	be	AUX
ajfa-1705	185	14	related	relate	VERB
ajfa-1705	185	15	to	to	ADP
ajfa-1705	185	16	the	the	DET
ajfa-1705	185	17	industrial	industrial	ADJ
ajfa-1705	185	18	sector	sector	NOUN
ajfa-1705	185	19	directly	directly	ADV
ajfa-1705	185	20	or	or	CCONJ
ajfa-1705	185	21	indirectly	indirectly	ADV
ajfa-1705	185	22	.	.	PUNCT
ajfa-1705	186	1	so	so	ADV
ajfa-1705	186	2	they	they	PRON
ajfa-1705	186	3	actually	actually	ADV
ajfa-1705	186	4	have	have	VERB
ajfa-1705	186	5	all	all	DET
ajfa-1705	186	6	the	the	DET
ajfa-1705	186	7	inside	inside	ADJ
ajfa-1705	186	8	news	news	NOUN
ajfa-1705	186	9	about	about	ADP
ajfa-1705	186	10	the	the	DET
ajfa-1705	186	11	future	future	ADJ
ajfa-1705	186	12	policies	policy	NOUN
ajfa-1705	186	13	.	.	PUNCT
ajfa-1705	187	1	furthermore	furthermore	ADV
ajfa-1705	187	2	table	table	NOUN
ajfa-1705	187	3	2	2	NUM
ajfa-1705	187	4	and	and	CCONJ
ajfa-1705	187	5	3	3	NUM
ajfa-1705	187	6	shows	show	VERB
ajfa-1705	187	7	that	that	SCONJ
ajfa-1705	187	8	the	the	DET
ajfa-1705	187	9	asymmetry	asymmetry	NOUN
ajfa-1705	187	10	for	for	ADP
ajfa-1705	187	11	bad	bad	ADJ
ajfa-1705	187	12	news	news	NOUN
ajfa-1705	187	13	is	be	AUX
ajfa-1705	187	14	more	more	ADJ
ajfa-1705	187	15	than	than	ADP
ajfa-1705	187	16	good	good	ADJ
ajfa-1705	187	17	news	news	NOUN
ajfa-1705	187	18	means	mean	VERB
ajfa-1705	187	19	bad	bad	ADJ
ajfa-1705	187	20	news	news	NOUN
ajfa-1705	187	21	have	have	VERB
ajfa-1705	187	22	more	more	ADJ
ajfa-1705	187	23	impact	impact	NOUN
ajfa-1705	187	24	than	than	ADP
ajfa-1705	187	25	good	good	ADJ
ajfa-1705	187	26	news	news	NOUN
ajfa-1705	187	27	.	.	PUNCT
ajfa-1705	188	1	however	however	ADV
ajfa-1705	188	2	the	the	DET
ajfa-1705	188	3	asymmetry	asymmetry	NOUN
ajfa-1705	188	4	for	for	ADP
ajfa-1705	188	5	auto	auto	NOUN
ajfa-1705	188	6	and	and	CCONJ
ajfa-1705	188	7	parts	part	NOUN
ajfa-1705	188	8	is	be	AUX
ajfa-1705	188	9	positive	positive	ADJ
ajfa-1705	188	10	showing	showing	NOUN
ajfa-1705	188	11	that	that	SCONJ
ajfa-1705	188	12	there	there	PRON
ajfa-1705	188	13	is	be	VERB
ajfa-1705	188	14	no	no	DET
ajfa-1705	188	15	leverage	leverage	NOUN
ajfa-1705	188	16	effect	effect	NOUN
ajfa-1705	188	17	in	in	ADP
ajfa-1705	188	18	this	this	DET
ajfa-1705	188	19	sector	sector	NOUN
ajfa-1705	188	20	.	.	PUNCT
ajfa-1705	189	1	moreover	moreover	ADV
ajfa-1705	189	2	negative	negative	ADJ
ajfa-1705	189	3	asymmetry	asymmetry	NOUN
ajfa-1705	189	4	implies	imply	VERB
ajfa-1705	189	5	that	that	SCONJ
ajfa-1705	189	6	the	the	DET
ajfa-1705	189	7	variance	variance	NOUN
ajfa-1705	189	8	goes	go	VERB
ajfa-1705	189	9	up	up	ADP
ajfa-1705	189	10	more	more	ADV
ajfa-1705	189	11	after	after	ADP
ajfa-1705	189	12	negative	negative	ADJ
ajfa-1705	189	13	news	news	NOUN
ajfa-1705	189	14	than	than	ADP
ajfa-1705	189	15	after	after	ADP
ajfa-1705	189	16	positive	positive	ADJ
ajfa-1705	189	17	news	news	NOUN
ajfa-1705	189	18	.	.	PUNCT
ajfa-1705	190	1	we	we	PRON
ajfa-1705	190	2	also	also	ADV
ajfa-1705	190	3	observed	observe	VERB
ajfa-1705	190	4	that	that	SCONJ
ajfa-1705	190	5	the	the	DET
ajfa-1705	190	6	beta	beta	ADJ
ajfa-1705	190	7	coefficient	coefficient	NOUN
ajfa-1705	190	8	for	for	ADP
ajfa-1705	190	9	basic	basic	ADJ
ajfa-1705	190	10	material	material	NOUN
ajfa-1705	190	11	and	and	CCONJ
ajfa-1705	190	12	industries	industry	NOUN
ajfa-1705	190	13	is	be	AUX
ajfa-1705	190	14	quite	quite	ADV
ajfa-1705	190	15	low	low	ADJ
ajfa-1705	190	16	as	as	SCONJ
ajfa-1705	190	17	compare	compare	ADJ
ajfa-1705	190	18	to	to	ADP
ajfa-1705	190	19	the	the	DET
ajfa-1705	190	20	other	other	ADJ
ajfa-1705	190	21	sectors	sector	NOUN
ajfa-1705	190	22	those	those	PRON
ajfa-1705	190	23	have	have	VERB
ajfa-1705	190	24	beta	beta	ADJ
ajfa-1705	190	25	coefficient	coefficient	NOUN
ajfa-1705	190	26	more	more	ADJ
ajfa-1705	190	27	than	than	ADP
ajfa-1705	190	28	0.90	0.90	NUM
ajfa-1705	190	29	.	.	PUNCT
ajfa-1705	191	1	we	we	PRON
ajfa-1705	191	2	conclude	conclude	VERB
ajfa-1705	191	3	that	that	SCONJ
ajfa-1705	191	4	the	the	DET
ajfa-1705	191	5	sectors	sector	NOUN
ajfa-1705	191	6	which	which	PRON
ajfa-1705	191	7	response	response	VERB
ajfa-1705	191	8	more	more	ADV
ajfa-1705	191	9	towards	towards	ADP
ajfa-1705	191	10	good	good	ADJ
ajfa-1705	191	11	news	news	NOUN
ajfa-1705	191	12	(	(	PUNCT
ajfa-1705	191	13	volatility	volatility	NOUN
ajfa-1705	191	14	decrease	decrease	VERB
ajfa-1705	191	15	more	more	ADJ
ajfa-1705	191	16	than	than	ADP
ajfa-1705	191	17	other	other	ADJ
ajfa-1705	191	18	such	such	ADJ
ajfa-1705	191	19	as	as	ADP
ajfa-1705	191	20	basic	basic	ADJ
ajfa-1705	191	21	material	material	NOUN
ajfa-1705	191	22	and	and	CCONJ
ajfa-1705	191	23	industries	industry	NOUN
ajfa-1705	191	24	)	)	PUNCT
ajfa-1705	191	25	has	have	VERB
ajfa-1705	191	26	lower	low	ADJ
ajfa-1705	191	27	beta	beta	NOUN
ajfa-1705	191	28	.	.	PUNCT
ajfa-1705	192	1	the	the	DET
ajfa-1705	192	2	time	time	NOUN
ajfa-1705	192	3	period	period	NOUN
ajfa-1705	192	4	required	require	VERB
ajfa-1705	192	5	for	for	ADP
ajfa-1705	192	6	shocks	shock	NOUN
ajfa-1705	192	7	to	to	PART
ajfa-1705	192	8	reduce	reduce	VERB
ajfa-1705	192	9	to	to	ADP
ajfa-1705	192	10	one	one	NUM
ajfa-1705	192	11	half	half	NOUN
ajfa-1705	192	12	of	of	ADP
ajfa-1705	192	13	the	the	DET
ajfa-1705	192	14	original	original	ADJ
ajfa-1705	192	15	size	size	NOUN
ajfa-1705	192	16	defined	define	VERB
ajfa-1705	192	17	as	as	ADP
ajfa-1705	192	18	ln	ln	NOUN
ajfa-1705	192	19	0.50	0.50	NUM
ajfa-1705	192	20	ln	ln	NOUN
ajfa-1705	192	21	is	be	AUX
ajfa-1705	192	22	approximately	approximately	ADV
ajfa-1705	192	23	7.96	7.96	NUM
ajfa-1705	192	24	days	day	NOUN
ajfa-1705	192	25	for	for	ADP
ajfa-1705	192	26	kse100	kse100	PROPN
ajfa-1705	192	27	index	index	NOUN
ajfa-1705	192	28	,	,	PUNCT
ajfa-1705	192	29	22.88	22.88	NUM
ajfa-1705	192	30	days	day	NOUN
ajfa-1705	192	31	for	for	ADP
ajfa-1705	192	32	food	food	NOUN
ajfa-1705	192	33	and	and	CCONJ
ajfa-1705	192	34	beverages	beverage	NOUN
ajfa-1705	192	35	and	and	CCONJ
ajfa-1705	192	36	lower	low	ADJ
ajfa-1705	192	37	one	one	NUM
ajfa-1705	192	38	of	of	ADP
ajfa-1705	192	39	1.25	1.25	NUM
ajfa-1705	192	40	days	day	NOUN
ajfa-1705	192	41	for	for	ADP
ajfa-1705	192	42	basic	basic	ADJ
ajfa-1705	192	43	material	material	NOUN
ajfa-1705	192	44	sector	sector	NOUN
ajfa-1705	192	45	index	index	NOUN
ajfa-1705	192	46	.	.	PUNCT
ajfa-1705	193	1	this	this	PRON
ajfa-1705	193	2	is	be	AUX
ajfa-1705	193	3	an	an	DET
ajfa-1705	193	4	indication	indication	NOUN
ajfa-1705	193	5	that	that	SCONJ
ajfa-1705	193	6	the	the	DET
ajfa-1705	193	7	shock	shock	NOUN
ajfa-1705	193	8	persist	persist	NOUN
ajfa-1705	193	9	is	be	AUX
ajfa-1705	193	10	7.96	7.96	NUM
ajfa-1705	193	11	,	,	PUNCT
ajfa-1705	193	12	22.88	22.88	NUM
ajfa-1705	193	13	and	and	CCONJ
ajfa-1705	193	14	1.25	1.25	NUM
ajfa-1705	193	15	days	day	NOUN
ajfa-1705	193	16	for	for	ADP
ajfa-1705	193	17	kse100	kse100	PROPN
ajfa-1705	193	18	,	,	PUNCT
ajfa-1705	193	19	food	food	NOUN
ajfa-1705	193	20	and	and	CCONJ
ajfa-1705	193	21	beverage	beverage	NOUN
ajfa-1705	193	22	and	and	CCONJ
ajfa-1705	193	23	basic	basic	ADJ
ajfa-1705	193	24	material	material	NOUN
ajfa-1705	193	25	sector	sector	NOUN
ajfa-1705	193	26	index	index	NOUN
ajfa-1705	193	27	respectively	respectively	ADV
ajfa-1705	193	28	.	.	PUNCT
ajfa-1705	194	1	a	a	DET
ajfa-1705	194	2	shorter	short	ADJ
ajfa-1705	194	3	lasting	last	VERB
ajfa-1705	194	4	persistence	persistence	NOUN
ajfa-1705	194	5	of	of	ADP
ajfa-1705	194	6	shocks	shock	NOUN
ajfa-1705	194	7	in	in	ADP
ajfa-1705	194	8	the	the	DET
ajfa-1705	194	9	conditional	conditional	ADJ
ajfa-1705	194	10	variance	variance	NOUN
ajfa-1705	194	11	implies	imply	VERB
ajfa-1705	194	12	more	more	ADJ
ajfa-1705	194	13	volatility	volatility	NOUN
ajfa-1705	194	14	.	.	PUNCT
ajfa-1705	195	1	the	the	DET
ajfa-1705	195	2	extent	extent	NOUN
ajfa-1705	195	3	to	to	PART
ajfa-1705	195	4	which	which	PRON
ajfa-1705	195	5	negative	negative	ADJ
ajfa-1705	195	6	innovations	innovation	NOUN
ajfa-1705	195	7	increase	increase	VERB
ajfa-1705	195	8	volatility	volatility	NOUN
ajfa-1705	195	9	more	more	ADV
ajfa-1705	195	10	than	than	ADP
ajfa-1705	195	11	positive	positive	ADJ
ajfa-1705	195	12	innovation	innovation	NOUN
ajfa-1705	195	13	is	be	AUX
ajfa-1705	195	14	defined	define	VERB
ajfa-1705	195	15	as	as	ADP
ajfa-1705	195	16	|	|	ADV
ajfa-1705	195	17	1	1	NUM
ajfa-1705	195	18	|	|	ADV
ajfa-1705	195	19	1	1	NUM
ajfa-1705	195	20	,	,	PUNCT
ajfa-1705	195	21	about	about	ADV
ajfa-1705	195	22	1.10	1.10	NUM
ajfa-1705	195	23	times	time	NOUN
ajfa-1705	195	24	for	for	ADP
ajfa-1705	195	25	kse100	kse100	PROPN
ajfa-1705	195	26	index	index	NOUN
ajfa-1705	195	27	,	,	PUNCT
ajfa-1705	195	28	1.43	1.43	NUM
ajfa-1705	195	29	which	which	PRON
ajfa-1705	195	30	is	be	AUX
ajfa-1705	195	31	uppermost	uppermost	ADJ
ajfa-1705	195	32	in	in	ADP
ajfa-1705	195	33	all	all	DET
ajfa-1705	195	34	the	the	DET
ajfa-1705	195	35	sectors	sector	NOUN
ajfa-1705	195	36	is	be	AUX
ajfa-1705	195	37	for	for	ADP
ajfa-1705	195	38	basic	basic	ADJ
ajfa-1705	195	39	material	material	NOUN
ajfa-1705	195	40	and	and	CCONJ
ajfa-1705	195	41	lowest	low	ADJ
ajfa-1705	195	42	if	if	SCONJ
ajfa-1705	195	43	for	for	ADP
ajfa-1705	195	44	0.99	0.99	NUM
ajfa-1705	195	45	times	time	NOUN
ajfa-1705	195	46	for	for	ADP
ajfa-1705	195	47	auto	auto	NOUN
ajfa-1705	195	48	and	and	CCONJ
ajfa-1705	195	49	parts	part	NOUN
ajfa-1705	195	50	sector	sector	NOUN
ajfa-1705	195	51	index	index	NOUN
ajfa-1705	195	52	respectively	respectively	ADV
ajfa-1705	195	53	.	.	PUNCT
ajfa-1705	196	1	asymmetry	asymmetry	NOUN
ajfa-1705	196	2	effect	effect	NOUN
ajfa-1705	196	3	of	of	ADP
ajfa-1705	196	4	1.43	1.43	NUM
ajfa-1705	196	5	means	mean	NOUN
ajfa-1705	196	6	,	,	PUNCT
ajfa-1705	196	7	that	that	SCONJ
ajfa-1705	196	8	the	the	DET
ajfa-1705	196	9	negative	negative	ADJ
ajfa-1705	196	10	impact	impact	NOUN
ajfa-1705	196	11	is	be	AUX
ajfa-1705	196	12	1.43	1.43	NUM
ajfa-1705	196	13	times	time	NOUN
ajfa-1705	196	14	more	more	ADJ
ajfa-1705	196	15	than	than	ADP
ajfa-1705	196	16	the	the	DET
ajfa-1705	196	17	positive	positive	ADJ
ajfa-1705	196	18	impact	impact	NOUN
ajfa-1705	196	19	on	on	ADP
ajfa-1705	196	20	the	the	DET
ajfa-1705	196	21	basic	basic	ADJ
ajfa-1705	196	22	material	material	NOUN
ajfa-1705	196	23	asian	asian	ADJ
ajfa-1705	196	24	journal	journal	NOUN
ajfa-1705	196	25	of	of	ADP
ajfa-1705	196	26	finance	finance	PROPN
ajfa-1705	196	27	&	&	CCONJ
ajfa-1705	196	28	accounting	accounting	PROPN
ajfa-1705	196	29	issn	issn	PROPN
ajfa-1705	196	30	1946	1946	NUM
ajfa-1705	196	31	-	-	PUNCT
ajfa-1705	196	32	052x	052x	NOUN
ajfa-1705	196	33	2012	2012	NUM
ajfa-1705	196	34	,	,	PUNCT
ajfa-1705	196	35	vol	vol	NOUN
ajfa-1705	196	36	.	.	PROPN
ajfa-1705	197	1	4	4	NUM
ajfa-1705	197	2	,	,	PUNCT
ajfa-1705	197	3	no	no	INTJ
ajfa-1705	197	4	.	.	NOUN
ajfa-1705	197	5	1	1	NUM
ajfa-1705	197	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	197	7	307	307	NUM
ajfa-1705	197	8	sector	sector	NOUN
ajfa-1705	197	9	index	index	NOUN
ajfa-1705	197	10	.	.	PUNCT
ajfa-1705	198	1	5	5	X
ajfa-1705	198	2	.	.	X
ajfa-1705	198	3	conclusion	conclusion	NOUN
ajfa-1705	198	4	pakistan	pakistan	PROPN
ajfa-1705	198	5	is	be	AUX
ajfa-1705	198	6	facing	face	VERB
ajfa-1705	198	7	political	political	ADJ
ajfa-1705	198	8	uncertainty	uncertainty	NOUN
ajfa-1705	198	9	right	right	ADV
ajfa-1705	198	10	from	from	ADP
ajfa-1705	198	11	the	the	DET
ajfa-1705	198	12	beginning	beginning	NOUN
ajfa-1705	198	13	.	.	PUNCT
ajfa-1705	199	1	after	after	ADP
ajfa-1705	199	2	the	the	DET
ajfa-1705	199	3	death	death	NOUN
ajfa-1705	199	4	of	of	ADP
ajfa-1705	199	5	the	the	DET
ajfa-1705	199	6	founder	founder	NOUN
ajfa-1705	199	7	quaid	quaid	PROPN
ajfa-1705	199	8	-	-	PUNCT
ajfa-1705	199	9	i	i	PROPN
ajfa-1705	199	10	-	-	PUNCT
ajfa-1705	199	11	azam	azam	PROPN
ajfa-1705	199	12	muhammad	muhammad	PROPN
ajfa-1705	199	13	ali	ali	PROPN
ajfa-1705	199	14	jinnah	jinnah	PROPN
ajfa-1705	199	15	,	,	PUNCT
ajfa-1705	199	16	there	there	PRON
ajfa-1705	199	17	is	be	VERB
ajfa-1705	199	18	struggle	struggle	NOUN
ajfa-1705	199	19	of	of	ADP
ajfa-1705	199	20	government	government	NOUN
ajfa-1705	199	21	between	between	ADP
ajfa-1705	199	22	the	the	DET
ajfa-1705	199	23	democratic	democratic	ADJ
ajfa-1705	199	24	parties	party	NOUN
ajfa-1705	199	25	and	and	CCONJ
ajfa-1705	199	26	the	the	DET
ajfa-1705	199	27	military	military	NOUN
ajfa-1705	199	28	.	.	PUNCT
ajfa-1705	200	1	army	army	NOUN
ajfa-1705	200	2	always	always	ADV
ajfa-1705	200	3	tried	try	VERB
ajfa-1705	200	4	to	to	PART
ajfa-1705	200	5	get	get	VERB
ajfa-1705	200	6	benefit	benefit	NOUN
ajfa-1705	200	7	of	of	ADP
ajfa-1705	200	8	enjoy	enjoy	VERB
ajfa-1705	200	9	the	the	DET
ajfa-1705	200	10	government	government	NOUN
ajfa-1705	200	11	whenever	whenever	SCONJ
ajfa-1705	200	12	there	there	PRON
ajfa-1705	200	13	is	be	VERB
ajfa-1705	200	14	conflict	conflict	NOUN
ajfa-1705	200	15	between	between	ADP
ajfa-1705	200	16	the	the	DET
ajfa-1705	200	17	democratic	democratic	ADJ
ajfa-1705	200	18	parties	party	NOUN
ajfa-1705	200	19	.	.	PUNCT
ajfa-1705	201	1	this	this	PRON
ajfa-1705	201	2	is	be	AUX
ajfa-1705	201	3	the	the	DET
ajfa-1705	201	4	reason	reason	NOUN
ajfa-1705	201	5	that	that	SCONJ
ajfa-1705	201	6	more	more	ADJ
ajfa-1705	201	7	than	than	ADP
ajfa-1705	201	8	half	half	NOUN
ajfa-1705	201	9	of	of	ADP
ajfa-1705	201	10	the	the	DET
ajfa-1705	201	11	years	year	NOUN
ajfa-1705	201	12	since	since	SCONJ
ajfa-1705	201	13	the	the	DET
ajfa-1705	201	14	independence	independence	NOUN
ajfa-1705	201	15	,	,	PUNCT
ajfa-1705	201	16	the	the	DET
ajfa-1705	201	17	government	government	NOUN
ajfa-1705	201	18	is	be	AUX
ajfa-1705	201	19	ruled	rule	VERB
ajfa-1705	201	20	by	by	ADP
ajfa-1705	201	21	the	the	DET
ajfa-1705	201	22	dictators	dictator	NOUN
ajfa-1705	201	23	.	.	PUNCT
ajfa-1705	202	1	this	this	DET
ajfa-1705	202	2	study	study	NOUN
ajfa-1705	202	3	examined	examine	VERB
ajfa-1705	202	4	the	the	DET
ajfa-1705	202	5	impact	impact	NOUN
ajfa-1705	202	6	of	of	ADP
ajfa-1705	202	7	political	political	ADJ
ajfa-1705	202	8	uncertainty	uncertainty	NOUN
ajfa-1705	202	9	on	on	ADP
ajfa-1705	202	10	stock	stock	NOUN
ajfa-1705	202	11	exchange	exchange	NOUN
ajfa-1705	202	12	.	.	PUNCT
ajfa-1705	203	1	we	we	PRON
ajfa-1705	203	2	studied	study	VERB
ajfa-1705	203	3	the	the	DET
ajfa-1705	203	4	effect	effect	NOUN
ajfa-1705	203	5	of	of	ADP
ajfa-1705	203	6	political	political	ADJ
ajfa-1705	203	7	news	news	NOUN
ajfa-1705	203	8	on	on	ADP
ajfa-1705	203	9	the	the	DET
ajfa-1705	203	10	stock	stock	NOUN
ajfa-1705	203	11	market	market	NOUN
ajfa-1705	203	12	returns	return	NOUN
ajfa-1705	203	13	and	and	CCONJ
ajfa-1705	203	14	volatility	volatility	NOUN
ajfa-1705	203	15	.	.	PUNCT
ajfa-1705	204	1	for	for	ADP
ajfa-1705	204	2	this	this	PRON
ajfa-1705	204	3	,	,	PUNCT
ajfa-1705	204	4	we	we	PRON
ajfa-1705	204	5	split	split	VERB
ajfa-1705	204	6	the	the	DET
ajfa-1705	204	7	political	political	ADJ
ajfa-1705	204	8	news	news	NOUN
ajfa-1705	204	9	into	into	ADP
ajfa-1705	204	10	two	two	NUM
ajfa-1705	204	11	categories	category	NOUN
ajfa-1705	204	12	(	(	PUNCT
ajfa-1705	204	13	good	good	ADJ
ajfa-1705	204	14	and	and	CCONJ
ajfa-1705	204	15	bad	bad	ADJ
ajfa-1705	204	16	news	news	NOUN
ajfa-1705	204	17	)	)	PUNCT
ajfa-1705	204	18	.	.	PUNCT
ajfa-1705	204	19	.	.	PUNCT
ajfa-1705	205	1	generally	generally	ADV
ajfa-1705	205	2	speaking	speak	VERB
ajfa-1705	205	3	,	,	PUNCT
ajfa-1705	205	4	good	good	ADJ
ajfa-1705	205	5	news	news	PROPN
ajfa-1705	205	6	has	have	VERB
ajfa-1705	205	7	positive	positive	ADJ
ajfa-1705	205	8	effect	effect	NOUN
ajfa-1705	205	9	on	on	ADP
ajfa-1705	205	10	returns	return	NOUN
ajfa-1705	205	11	and	and	CCONJ
ajfa-1705	205	12	decreases	decrease	VERB
ajfa-1705	205	13	the	the	DET
ajfa-1705	205	14	volatility	volatility	NOUN
ajfa-1705	205	15	.	.	PUNCT
ajfa-1705	206	1	where	where	SCONJ
ajfa-1705	206	2	as	as	SCONJ
ajfa-1705	206	3	bad	bad	ADJ
ajfa-1705	206	4	news	news	NOUN
ajfa-1705	206	5	decreases	decrease	VERB
ajfa-1705	206	6	the	the	DET
ajfa-1705	206	7	returns	return	NOUN
ajfa-1705	206	8	and	and	CCONJ
ajfa-1705	206	9	increases	increase	VERB
ajfa-1705	206	10	the	the	DET
ajfa-1705	206	11	volatility	volatility	NOUN
ajfa-1705	206	12	.	.	PUNCT
ajfa-1705	207	1	furthermore	furthermore	ADV
ajfa-1705	207	2	bad	bad	ADJ
ajfa-1705	207	3	news	news	NOUN
ajfa-1705	207	4	increases	increase	VERB
ajfa-1705	207	5	volatility	volatility	NOUN
ajfa-1705	207	6	more	more	ADJ
ajfa-1705	207	7	than	than	ADP
ajfa-1705	207	8	the	the	DET
ajfa-1705	207	9	good	good	ADJ
ajfa-1705	207	10	news	news	NOUN
ajfa-1705	207	11	.	.	PUNCT
ajfa-1705	208	1	we	we	PRON
ajfa-1705	208	2	used	use	VERB
ajfa-1705	208	3	the	the	DET
ajfa-1705	208	4	daily	daily	ADJ
ajfa-1705	208	5	data	datum	NOUN
ajfa-1705	208	6	for	for	ADP
ajfa-1705	208	7	eighteen	eighteen	NUM
ajfa-1705	208	8	years	year	NOUN
ajfa-1705	208	9	from	from	ADP
ajfa-1705	208	10	karachi	karachi	PROPN
ajfa-1705	208	11	stock	stock	PROPN
ajfa-1705	208	12	exchange	exchange	PROPN
ajfa-1705	208	13	to	to	PART
ajfa-1705	208	14	examine	examine	VERB
ajfa-1705	208	15	the	the	DET
ajfa-1705	208	16	affect	affect	NOUN
ajfa-1705	208	17	of	of	ADP
ajfa-1705	208	18	political	political	ADJ
ajfa-1705	208	19	news	news	NOUN
ajfa-1705	208	20	on	on	ADP
ajfa-1705	208	21	the	the	DET
ajfa-1705	208	22	stock	stock	NOUN
ajfa-1705	208	23	market	market	NOUN
ajfa-1705	208	24	.	.	PUNCT
ajfa-1705	209	1	additionally	additionally	ADV
ajfa-1705	209	2	this	this	PRON
ajfa-1705	209	3	also	also	ADV
ajfa-1705	209	4	helped	help	VERB
ajfa-1705	209	5	us	we	PRON
ajfa-1705	209	6	to	to	PART
ajfa-1705	209	7	identify	identify	VERB
ajfa-1705	209	8	which	which	DET
ajfa-1705	209	9	sector	sector	NOUN
ajfa-1705	209	10	responds	respond	VERB
ajfa-1705	209	11	more	more	ADJ
ajfa-1705	209	12	to	to	ADP
ajfa-1705	209	13	the	the	DET
ajfa-1705	209	14	political	political	ADJ
ajfa-1705	209	15	news	news	NOUN
ajfa-1705	209	16	.	.	PUNCT
ajfa-1705	210	1	we	we	PRON
ajfa-1705	210	2	used	use	VERB
ajfa-1705	210	3	univariate	univariate	ADJ
ajfa-1705	210	4	asymmetric	asymmetric	ADJ
ajfa-1705	210	5	garch	garch	NOUN
ajfa-1705	210	6	model	model	NOUN
ajfa-1705	210	7	,	,	PUNCT
ajfa-1705	210	8	to	to	PART
ajfa-1705	210	9	gauge	gauge	VERB
ajfa-1705	210	10	the	the	DET
ajfa-1705	210	11	impact	impact	NOUN
ajfa-1705	210	12	of	of	ADP
ajfa-1705	210	13	political	political	ADJ
ajfa-1705	210	14	news	news	NOUN
ajfa-1705	210	15	on	on	ADP
ajfa-1705	210	16	the	the	DET
ajfa-1705	210	17	returns	return	NOUN
ajfa-1705	210	18	and	and	CCONJ
ajfa-1705	210	19	volatility	volatility	NOUN
ajfa-1705	210	20	.	.	PUNCT
ajfa-1705	211	1	we	we	PRON
ajfa-1705	211	2	specifically	specifically	ADV
ajfa-1705	211	3	used	use	VERB
ajfa-1705	211	4	egarch	egarch	NOUN
ajfa-1705	211	5	proposed	propose	VERB
ajfa-1705	211	6	by	by	ADP
ajfa-1705	211	7	engle	engle	PROPN
ajfa-1705	211	8	and	and	CCONJ
ajfa-1705	211	9	victor	victor	PROPN
ajfa-1705	211	10	(	(	PUNCT
ajfa-1705	211	11	1993	1993	NUM
ajfa-1705	211	12	)	)	PUNCT
ajfa-1705	211	13	as	as	SCONJ
ajfa-1705	211	14	it	it	PRON
ajfa-1705	211	15	allows	allow	VERB
ajfa-1705	211	16	good	good	ADJ
ajfa-1705	211	17	news	news	NOUN
ajfa-1705	211	18	and	and	CCONJ
ajfa-1705	211	19	bad	bad	ADJ
ajfa-1705	211	20	news	news	NOUN
ajfa-1705	211	21	to	to	PART
ajfa-1705	211	22	have	have	VERB
ajfa-1705	211	23	different	different	ADJ
ajfa-1705	211	24	impact	impact	NOUN
ajfa-1705	211	25	on	on	ADP
ajfa-1705	211	26	volatility	volatility	NOUN
ajfa-1705	211	27	while	while	SCONJ
ajfa-1705	211	28	standard	standard	ADJ
ajfa-1705	211	29	garch	garch	NOUN
ajfa-1705	211	30	model	model	NOUN
ajfa-1705	211	31	does	do	VERB
ajfa-1705	211	32	not	not	PART
ajfa-1705	211	33	.	.	PUNCT
ajfa-1705	212	1	our	our	PRON
ajfa-1705	212	2	results	result	NOUN
ajfa-1705	212	3	demonstrate	demonstrate	VERB
ajfa-1705	212	4	that	that	SCONJ
ajfa-1705	212	5	the	the	DET
ajfa-1705	212	6	good	good	PROPN
ajfa-1705	212	7	news	news	PROPN
ajfa-1705	212	8	has	have	VERB
ajfa-1705	212	9	positive	positive	ADJ
ajfa-1705	212	10	effect	effect	NOUN
ajfa-1705	212	11	on	on	ADP
ajfa-1705	212	12	the	the	DET
ajfa-1705	212	13	returns	return	NOUN
ajfa-1705	212	14	of	of	ADP
ajfa-1705	212	15	the	the	DET
ajfa-1705	212	16	kse100	kse100	PROPN
ajfa-1705	212	17	index	index	NOUN
ajfa-1705	212	18	and	and	CCONJ
ajfa-1705	212	19	good	good	ADJ
ajfa-1705	212	20	news	news	PROPN
ajfa-1705	212	21	also	also	ADV
ajfa-1705	212	22	decreased	decrease	VERB
ajfa-1705	212	23	the	the	DET
ajfa-1705	212	24	volatility	volatility	NOUN
ajfa-1705	212	25	.	.	PUNCT
ajfa-1705	213	1	on	on	ADP
ajfa-1705	213	2	the	the	DET
ajfa-1705	213	3	other	other	ADJ
ajfa-1705	213	4	hand	hand	NOUN
ajfa-1705	213	5	,	,	PUNCT
ajfa-1705	213	6	bad	bad	ADJ
ajfa-1705	213	7	political	political	ADJ
ajfa-1705	213	8	news	news	NOUN
ajfa-1705	213	9	has	have	VERB
ajfa-1705	213	10	negative	negative	ADJ
ajfa-1705	213	11	effect	effect	NOUN
ajfa-1705	213	12	on	on	ADP
ajfa-1705	213	13	the	the	DET
ajfa-1705	213	14	returns	return	NOUN
ajfa-1705	213	15	(	(	PUNCT
ajfa-1705	213	16	decrease	decrease	VERB
ajfa-1705	213	17	the	the	DET
ajfa-1705	213	18	returns	return	NOUN
ajfa-1705	213	19	)	)	PUNCT
ajfa-1705	213	20	and	and	CCONJ
ajfa-1705	213	21	increase	increase	VERB
ajfa-1705	213	22	the	the	DET
ajfa-1705	213	23	volatility	volatility	NOUN
ajfa-1705	213	24	(	(	PUNCT
ajfa-1705	213	25	positive	positive	ADJ
ajfa-1705	213	26	effect	effect	NOUN
ajfa-1705	213	27	)	)	PUNCT
ajfa-1705	213	28	,	,	PUNCT
ajfa-1705	213	29	which	which	PRON
ajfa-1705	213	30	in	in	ADP
ajfa-1705	213	31	the	the	DET
ajfa-1705	213	32	line	line	NOUN
ajfa-1705	213	33	of	of	ADP
ajfa-1705	213	34	engle	engle	PROPN
ajfa-1705	213	35	and	and	CCONJ
ajfa-1705	213	36	victor	victor	PROPN
ajfa-1705	213	37	(	(	PUNCT
ajfa-1705	213	38	1993	1993	NUM
ajfa-1705	213	39	)	)	PUNCT
ajfa-1705	213	40	results	result	NOUN
ajfa-1705	213	41	specifying	specify	VERB
ajfa-1705	213	42	that	that	PRON
ajfa-1705	213	43	bad	bad	ADJ
ajfa-1705	213	44	and	and	CCONJ
ajfa-1705	213	45	good	good	ADJ
ajfa-1705	213	46	news	news	NOUN
ajfa-1705	213	47	have	have	VERB
ajfa-1705	213	48	different	different	ADJ
ajfa-1705	213	49	impact	impact	NOUN
ajfa-1705	213	50	on	on	ADP
ajfa-1705	213	51	volatility	volatility	NOUN
ajfa-1705	213	52	.	.	PUNCT
ajfa-1705	214	1	furthermore	furthermore	ADV
ajfa-1705	214	2	our	our	PRON
ajfa-1705	214	3	results	result	NOUN
ajfa-1705	214	4	also	also	ADV
ajfa-1705	214	5	confirm	confirm	VERB
ajfa-1705	214	6	that	that	DET
ajfa-1705	214	7	bad	bad	ADJ
ajfa-1705	214	8	news	news	NOUN
ajfa-1705	214	9	have	have	VERB
ajfa-1705	214	10	more	more	ADJ
ajfa-1705	214	11	effect	effect	NOUN
ajfa-1705	214	12	(	(	PUNCT
ajfa-1705	214	13	almost	almost	ADV
ajfa-1705	214	14	double	double	ADJ
ajfa-1705	214	15	)	)	PUNCT
ajfa-1705	214	16	effect	effect	NOUN
ajfa-1705	214	17	on	on	ADP
ajfa-1705	214	18	the	the	DET
ajfa-1705	214	19	volatility	volatility	NOUN
ajfa-1705	214	20	than	than	ADP
ajfa-1705	214	21	the	the	DET
ajfa-1705	214	22	good	good	PROPN
ajfa-1705	214	23	news	news	NOUN
ajfa-1705	214	24	,	,	PUNCT
ajfa-1705	214	25	such	such	ADJ
ajfa-1705	214	26	results	result	NOUN
ajfa-1705	214	27	are	be	AUX
ajfa-1705	214	28	consistent	consistent	ADJ
ajfa-1705	214	29	with	with	ADP
ajfa-1705	214	30	laakkonen	laakkonen	NOUN
ajfa-1705	214	31	and	and	CCONJ
ajfa-1705	214	32	lanne	lanne	PROPN
ajfa-1705	214	33	(	(	PUNCT
ajfa-1705	214	34	2008	2008	NUM
ajfa-1705	214	35	)	)	PUNCT
ajfa-1705	214	36	.	.	PUNCT
ajfa-1705	215	1	most	most	ADJ
ajfa-1705	215	2	of	of	ADP
ajfa-1705	215	3	the	the	DET
ajfa-1705	215	4	sector	sector	NOUN
ajfa-1705	215	5	results	result	NOUN
ajfa-1705	215	6	are	be	AUX
ajfa-1705	215	7	also	also	ADV
ajfa-1705	215	8	affected	affect	VERB
ajfa-1705	215	9	by	by	ADP
ajfa-1705	215	10	the	the	DET
ajfa-1705	215	11	good	good	ADJ
ajfa-1705	215	12	and	and	CCONJ
ajfa-1705	215	13	bad	bad	ADJ
ajfa-1705	215	14	news	news	NOUN
ajfa-1705	215	15	.	.	PUNCT
ajfa-1705	216	1	.financial	.financial	PROPN
ajfa-1705	216	2	,	,	PUNCT
ajfa-1705	216	3	auto	auto	NOUN
ajfa-1705	216	4	and	and	CCONJ
ajfa-1705	216	5	parts	part	NOUN
ajfa-1705	216	6	sector	sector	NOUN
ajfa-1705	216	7	show	show	VERB
ajfa-1705	216	8	more	more	ADV
ajfa-1705	216	9	positive	positive	ADJ
ajfa-1705	216	10	returns	return	NOUN
ajfa-1705	216	11	on	on	ADP
ajfa-1705	216	12	good	good	ADJ
ajfa-1705	216	13	political	political	ADJ
ajfa-1705	216	14	news	news	NOUN
ajfa-1705	216	15	as	as	ADP
ajfa-1705	216	16	compared	compare	VERB
ajfa-1705	216	17	with	with	ADP
ajfa-1705	216	18	other	other	ADJ
ajfa-1705	216	19	sectors	sector	NOUN
ajfa-1705	216	20	,	,	PUNCT
ajfa-1705	216	21	which	which	PRON
ajfa-1705	216	22	make	make	VERB
ajfa-1705	216	23	clear	clear	ADJ
ajfa-1705	216	24	that	that	SCONJ
ajfa-1705	216	25	they	they	PRON
ajfa-1705	216	26	react	react	VERB
ajfa-1705	216	27	more	more	ADV
ajfa-1705	216	28	to	to	ADP
ajfa-1705	216	29	positive	positive	ADJ
ajfa-1705	216	30	news	news	NOUN
ajfa-1705	216	31	with	with	ADP
ajfa-1705	216	32	respect	respect	NOUN
ajfa-1705	216	33	to	to	ADP
ajfa-1705	216	34	others	other	NOUN
ajfa-1705	216	35	.	.	PUNCT
ajfa-1705	217	1	same	same	ADJ
ajfa-1705	217	2	is	be	AUX
ajfa-1705	217	3	the	the	DET
ajfa-1705	217	4	case	case	NOUN
ajfa-1705	217	5	with	with	ADP
ajfa-1705	217	6	volatility	volatility	NOUN
ajfa-1705	217	7	the	the	DET
ajfa-1705	217	8	response	response	NOUN
ajfa-1705	217	9	towards	towards	ADP
ajfa-1705	217	10	good	good	ADJ
ajfa-1705	217	11	news	news	NOUN
ajfa-1705	217	12	dummy	dummy	NOUN
ajfa-1705	217	13	is	be	AUX
ajfa-1705	217	14	more	more	ADV
ajfa-1705	217	15	significant	significant	ADJ
ajfa-1705	217	16	and	and	CCONJ
ajfa-1705	217	17	higher	high	ADJ
ajfa-1705	217	18	in	in	ADP
ajfa-1705	217	19	the	the	DET
ajfa-1705	217	20	case	case	NOUN
ajfa-1705	217	21	of	of	ADP
ajfa-1705	217	22	basic	basic	ADJ
ajfa-1705	217	23	material	material	NOUN
ajfa-1705	217	24	industries	industry	NOUN
ajfa-1705	217	25	with	with	ADP
ajfa-1705	217	26	respect	respect	NOUN
ajfa-1705	217	27	to	to	ADP
ajfa-1705	217	28	other	other	ADJ
ajfa-1705	217	29	sectors	sector	NOUN
ajfa-1705	217	30	.	.	PUNCT
ajfa-1705	218	1	bad	bad	ADJ
ajfa-1705	218	2	political	political	ADJ
ajfa-1705	218	3	news	news	NOUN
ajfa-1705	218	4	affected	affect	VERB
ajfa-1705	218	5	more	more	ADV
ajfa-1705	218	6	on	on	ADP
ajfa-1705	218	7	the	the	DET
ajfa-1705	218	8	returns	return	NOUN
ajfa-1705	218	9	of	of	ADP
ajfa-1705	218	10	financial	financial	ADJ
ajfa-1705	218	11	and	and	CCONJ
ajfa-1705	218	12	basic	basic	ADJ
ajfa-1705	218	13	material	material	NOUN
ajfa-1705	218	14	.	.	PUNCT
ajfa-1705	219	1	moreover	moreover	ADV
ajfa-1705	219	2	,	,	PUNCT
ajfa-1705	219	3	bad	bad	ADJ
ajfa-1705	219	4	news	news	NOUN
ajfa-1705	219	5	has	have	VERB
ajfa-1705	219	6	more	more	ADJ
ajfa-1705	219	7	impact	impact	NOUN
ajfa-1705	219	8	on	on	ADP
ajfa-1705	219	9	the	the	DET
ajfa-1705	219	10	volatility	volatility	NOUN
ajfa-1705	219	11	of	of	ADP
ajfa-1705	219	12	basic	basic	ADJ
ajfa-1705	219	13	material	material	NOUN
ajfa-1705	219	14	and	and	CCONJ
ajfa-1705	219	15	financial	financial	ADJ
ajfa-1705	219	16	sector	sector	NOUN
ajfa-1705	219	17	as	as	SCONJ
ajfa-1705	219	18	compare	compare	VERB
ajfa-1705	219	19	to	to	ADP
ajfa-1705	219	20	other	other	ADJ
ajfa-1705	219	21	sectors	sector	NOUN
ajfa-1705	219	22	.	.	PUNCT
ajfa-1705	220	1	we	we	PRON
ajfa-1705	220	2	also	also	ADV
ajfa-1705	220	3	find	find	VERB
ajfa-1705	220	4	that	that	SCONJ
ajfa-1705	220	5	a	a	DET
ajfa-1705	220	6	small	small	ADJ
ajfa-1705	220	7	number	number	NOUN
ajfa-1705	220	8	of	of	ADP
ajfa-1705	220	9	sectors	sector	NOUN
ajfa-1705	220	10	are	be	AUX
ajfa-1705	220	11	not	not	PART
ajfa-1705	220	12	statistical	statistical	ADJ
ajfa-1705	220	13	significant	significant	ADJ
ajfa-1705	220	14	for	for	ADP
ajfa-1705	220	15	good	good	ADJ
ajfa-1705	220	16	and	and	CCONJ
ajfa-1705	220	17	bad	bad	ADJ
ajfa-1705	220	18	political	political	ADJ
ajfa-1705	220	19	news	news	NOUN
ajfa-1705	220	20	,	,	PUNCT
ajfa-1705	220	21	means	mean	VERB
ajfa-1705	220	22	these	these	DET
ajfa-1705	220	23	type	type	NOUN
ajfa-1705	220	24	of	of	ADP
ajfa-1705	220	25	news	news	NOUN
ajfa-1705	220	26	do	do	AUX
ajfa-1705	220	27	not	not	PART
ajfa-1705	220	28	affect	affect	VERB
ajfa-1705	220	29	the	the	DET
ajfa-1705	220	30	returns	return	NOUN
ajfa-1705	220	31	or	or	CCONJ
ajfa-1705	220	32	volatility	volatility	NOUN
ajfa-1705	220	33	.	.	PUNCT
ajfa-1705	221	1	good	good	ADJ
ajfa-1705	221	2	news	news	PROPN
ajfa-1705	221	3	has	have	VERB
ajfa-1705	221	4	no	no	DET
ajfa-1705	221	5	impact	impact	NOUN
ajfa-1705	221	6	on	on	ADP
ajfa-1705	221	7	the	the	DET
ajfa-1705	221	8	volatility	volatility	NOUN
ajfa-1705	221	9	of	of	ADP
ajfa-1705	221	10	oil	oil	NOUN
ajfa-1705	221	11	and	and	CCONJ
ajfa-1705	221	12	gas	gas	NOUN
ajfa-1705	221	13	and	and	CCONJ
ajfa-1705	221	14	financial	financial	ADJ
ajfa-1705	221	15	sector	sector	NOUN
ajfa-1705	221	16	.	.	PUNCT
ajfa-1705	222	1	however	however	ADV
ajfa-1705	222	2	,	,	PUNCT
ajfa-1705	222	3	the	the	DET
ajfa-1705	222	4	influence	influence	NOUN
ajfa-1705	222	5	of	of	ADP
ajfa-1705	222	6	bad	bad	ADJ
ajfa-1705	222	7	political	political	ADJ
ajfa-1705	222	8	news	news	NOUN
ajfa-1705	222	9	is	be	AUX
ajfa-1705	222	10	also	also	ADV
ajfa-1705	222	11	not	not	PART
ajfa-1705	222	12	statistically	statistically	ADV
ajfa-1705	222	13	significant	significant	ADJ
ajfa-1705	222	14	for	for	ADP
ajfa-1705	222	15	the	the	DET
ajfa-1705	222	16	returns	return	NOUN
ajfa-1705	222	17	of	of	ADP
ajfa-1705	222	18	health	health	NOUN
ajfa-1705	222	19	care	care	NOUN
ajfa-1705	222	20	such	such	ADJ
ajfa-1705	222	21	results	result	NOUN
ajfa-1705	222	22	are	be	AUX
ajfa-1705	222	23	consistent	consistent	ADJ
ajfa-1705	222	24	with	with	ADP
ajfa-1705	222	25	suleman	suleman	NOUN
ajfa-1705	222	26	(	(	PUNCT
ajfa-1705	222	27	2012	2012	NUM
ajfa-1705	222	28	)	)	PUNCT
ajfa-1705	222	29	.	.	PUNCT
ajfa-1705	223	1	furthermore	furthermore	ADV
ajfa-1705	223	2	,	,	PUNCT
ajfa-1705	223	3	we	we	PRON
ajfa-1705	223	4	did	do	AUX
ajfa-1705	223	5	not	not	PART
ajfa-1705	223	6	find	find	VERB
ajfa-1705	223	7	significant	significant	ADJ
ajfa-1705	223	8	statistic	statistic	NOUN
ajfa-1705	223	9	of	of	ADP
ajfa-1705	223	10	the	the	DET
ajfa-1705	223	11	impact	impact	NOUN
ajfa-1705	223	12	of	of	ADP
ajfa-1705	223	13	bad	bad	ADJ
ajfa-1705	223	14	political	political	ADJ
ajfa-1705	223	15	news	news	NOUN
ajfa-1705	223	16	on	on	ADP
ajfa-1705	223	17	industries	industry	NOUN
ajfa-1705	223	18	and	and	CCONJ
ajfa-1705	223	19	health	health	NOUN
ajfa-1705	223	20	care	care	NOUN
ajfa-1705	223	21	.	.	PUNCT
ajfa-1705	224	1	we	we	PRON
ajfa-1705	224	2	also	also	ADV
ajfa-1705	224	3	reported	report	VERB
ajfa-1705	224	4	the	the	DET
ajfa-1705	224	5	volatility	volatility	NOUN
ajfa-1705	224	6	asymmetry	asymmetry	NOUN
ajfa-1705	224	7	,	,	PUNCT
ajfa-1705	224	8	which	which	PRON
ajfa-1705	224	9	is	be	AUX
ajfa-1705	224	10	negative	negative	ADJ
ajfa-1705	224	11	in	in	ADP
ajfa-1705	224	12	most	most	ADJ
ajfa-1705	224	13	of	of	ADP
ajfa-1705	224	14	the	the	DET
ajfa-1705	224	15	sectors	sector	NOUN
ajfa-1705	224	16	including	include	VERB
ajfa-1705	224	17	the	the	DET
ajfa-1705	224	18	kse	kse	PROPN
ajfa-1705	224	19	100	100	NUM
ajfa-1705	224	20	which	which	PRON
ajfa-1705	224	21	is	be	AUX
ajfa-1705	224	22	due	due	ADJ
ajfa-1705	224	23	to	to	ADP
ajfa-1705	224	24	the	the	DET
ajfa-1705	224	25	leverage	leverage	NOUN
ajfa-1705	224	26	effect	effect	NOUN
ajfa-1705	224	27	.	.	PUNCT
ajfa-1705	225	1	furthermore	furthermore	ADV
ajfa-1705	225	2	,	,	PUNCT
ajfa-1705	225	3	persistence	persistence	NOUN
ajfa-1705	225	4	parameter	parameter	NOUN
ajfa-1705	225	5	beta	beta	NOUN
ajfa-1705	225	6	is	be	AUX
ajfa-1705	225	7	also	also	ADV
ajfa-1705	225	8	reported	report	VERB
ajfa-1705	225	9	,	,	PUNCT
ajfa-1705	225	10	which	which	PRON
ajfa-1705	225	11	is	be	AUX
ajfa-1705	225	12	very	very	ADV
ajfa-1705	225	13	large	large	ADJ
ajfa-1705	225	14	in	in	ADP
ajfa-1705	225	15	most	most	ADJ
ajfa-1705	225	16	of	of	ADP
ajfa-1705	225	17	the	the	DET
ajfa-1705	225	18	selected	select	VERB
ajfa-1705	225	19	sectors	sector	NOUN
ajfa-1705	225	20	including	include	VERB
ajfa-1705	225	21	kse	kse	PROPN
ajfa-1705	225	22	100	100	NUM
ajfa-1705	225	23	which	which	PRON
ajfa-1705	225	24	indicate	indicate	VERB
ajfa-1705	225	25	that	that	DET
ajfa-1705	225	26	variance	variance	NOUN
ajfa-1705	225	27	move	move	VERB
ajfa-1705	225	28	slowly	slowly	ADV
ajfa-1705	225	29	through	through	ADP
ajfa-1705	225	30	time	time	NOUN
ajfa-1705	225	31	.	.	PUNCT
ajfa-1705	226	1	asian	asian	ADJ
ajfa-1705	226	2	journal	journal	PROPN
ajfa-1705	226	3	of	of	ADP
ajfa-1705	226	4	finance	finance	PROPN
ajfa-1705	226	5	&	&	CCONJ
ajfa-1705	226	6	accounting	accounting	PROPN
ajfa-1705	226	7	issn	issn	PROPN
ajfa-1705	226	8	1946	1946	NUM
ajfa-1705	226	9	-	-	PUNCT
ajfa-1705	226	10	052x	052x	NOUN
ajfa-1705	226	11	2012	2012	NUM
ajfa-1705	226	12	,	,	PUNCT
ajfa-1705	226	13	vol	vol	NOUN
ajfa-1705	226	14	.	.	PROPN
ajfa-1705	226	15	4	4	NUM
ajfa-1705	226	16	,	,	PUNCT
ajfa-1705	226	17	no	no	INTJ
ajfa-1705	226	18	.	.	NOUN
ajfa-1705	226	19	1	1	NUM
ajfa-1705	226	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	226	21	308	308	NUM
ajfa-1705	226	22	this	this	DET
ajfa-1705	226	23	study	study	NOUN
ajfa-1705	226	24	could	could	AUX
ajfa-1705	226	25	be	be	AUX
ajfa-1705	226	26	extended	extend	VERB
ajfa-1705	226	27	by	by	ADP
ajfa-1705	226	28	including	include	VERB
ajfa-1705	226	29	more	more	ADJ
ajfa-1705	226	30	news	news	NOUN
ajfa-1705	226	31	such	such	ADJ
ajfa-1705	226	32	as	as	ADP
ajfa-1705	226	33	,	,	PUNCT
ajfa-1705	226	34	economic	economic	ADJ
ajfa-1705	226	35	,	,	PUNCT
ajfa-1705	226	36	military	military	ADJ
ajfa-1705	226	37	and	and	CCONJ
ajfa-1705	226	38	neighboring	neighboring	NOUN
ajfa-1705	226	39	countries	country	NOUN
ajfa-1705	226	40	.	.	PUNCT
ajfa-1705	227	1	moreover	moreover	ADV
ajfa-1705	227	2	,	,	PUNCT
ajfa-1705	227	3	analysis	analysis	NOUN
ajfa-1705	227	4	can	can	AUX
ajfa-1705	227	5	be	be	AUX
ajfa-1705	227	6	done	do	VERB
ajfa-1705	227	7	on	on	ADP
ajfa-1705	227	8	the	the	DET
ajfa-1705	227	9	industry	industry	NOUN
ajfa-1705	227	10	level	level	NOUN
ajfa-1705	227	11	.	.	PUNCT
ajfa-1705	228	1	we	we	PRON
ajfa-1705	228	2	can	can	AUX
ajfa-1705	228	3	also	also	ADV
ajfa-1705	228	4	examine	examine	VERB
ajfa-1705	228	5	the	the	DET
ajfa-1705	228	6	impact	impact	NOUN
ajfa-1705	228	7	of	of	ADP
ajfa-1705	228	8	these	these	DET
ajfa-1705	228	9	news	news	NOUN
ajfa-1705	228	10	on	on	ADP
ajfa-1705	228	11	individual	individual	ADJ
ajfa-1705	228	12	stock	stock	NOUN
ajfa-1705	228	13	or	or	CCONJ
ajfa-1705	228	14	on	on	ADP
ajfa-1705	228	15	portfolios	portfolio	NOUN
ajfa-1705	228	16	.	.	PUNCT
ajfa-1705	229	1	furthermore	furthermore	ADV
ajfa-1705	229	2	we	we	PRON
ajfa-1705	229	3	can	can	AUX
ajfa-1705	229	4	use	use	VERB
ajfa-1705	229	5	more	more	ADJ
ajfa-1705	229	6	countries	country	NOUN
ajfa-1705	229	7	in	in	ADP
ajfa-1705	229	8	our	our	PRON
ajfa-1705	229	9	data	datum	NOUN
ajfa-1705	229	10	such	such	ADJ
ajfa-1705	229	11	as	as	ADP
ajfa-1705	229	12	south	south	ADJ
ajfa-1705	229	13	asian	asian	ADJ
ajfa-1705	229	14	countries	country	NOUN
ajfa-1705	229	15	and	and	CCONJ
ajfa-1705	229	16	test	test	VERB
ajfa-1705	229	17	the	the	DET
ajfa-1705	229	18	impact	impact	NOUN
ajfa-1705	229	19	of	of	ADP
ajfa-1705	229	20	one	one	NUM
ajfa-1705	229	21	country	country	NOUN
ajfa-1705	229	22	’s	’s	PART
ajfa-1705	229	23	political	political	ADJ
ajfa-1705	229	24	news	news	NOUN
ajfa-1705	229	25	on	on	ADP
ajfa-1705	229	26	the	the	DET
ajfa-1705	229	27	other	other	ADJ
ajfa-1705	229	28	.	.	PUNCT
ajfa-1705	230	1	for	for	ADP
ajfa-1705	230	2	this	this	PRON
ajfa-1705	230	3	we	we	PRON
ajfa-1705	230	4	may	may	AUX
ajfa-1705	230	5	employ	employ	VERB
ajfa-1705	230	6	multivariate	multivariate	NOUN
ajfa-1705	230	7	egarch	egarch	NOUN
ajfa-1705	230	8	model	model	NOUN
ajfa-1705	230	9	for	for	ADP
ajfa-1705	230	10	studying	study	VERB
ajfa-1705	230	11	the	the	DET
ajfa-1705	230	12	volatility	volatility	NOUN
ajfa-1705	230	13	.	.	PUNCT
ajfa-1705	231	1	acknowledgement	acknowledgement	NOUN
ajfa-1705	231	2	author	author	NOUN
ajfa-1705	231	3	would	would	AUX
ajfa-1705	231	4	like	like	VERB
ajfa-1705	231	5	to	to	PART
ajfa-1705	231	6	thank	thank	VERB
ajfa-1705	231	7	professor	professor	PROPN
ajfa-1705	231	8	johan	johan	PROPN
ajfa-1705	231	9	knif	knif	PROPN
ajfa-1705	231	10	,	,	PUNCT
ajfa-1705	231	11	kenneth	kenneth	PROPN
ajfa-1705	231	12	högholm	högholm	PROPN
ajfa-1705	231	13	,	,	PUNCT
ajfa-1705	231	14	mujahid	mujahid	PROPN
ajfa-1705	231	15	hussain	hussain	PROPN
ajfa-1705	231	16	,	,	PUNCT
ajfa-1705	231	17	sheraz	sheraz	NOUN
ajfa-1705	231	18	ahamad	ahamad	PROPN
ajfa-1705	231	19	and	and	CCONJ
ajfa-1705	231	20	hilal	hilal	PROPN
ajfa-1705	231	21	butt	butt	PROPN
ajfa-1705	231	22	for	for	ADP
ajfa-1705	231	23	useful	useful	ADJ
ajfa-1705	231	24	comments	comment	NOUN
ajfa-1705	231	25	and	and	CCONJ
ajfa-1705	231	26	suggestions	suggestion	NOUN
ajfa-1705	231	27	.	.	PUNCT
ajfa-1705	232	1	references	reference	NOUN
ajfa-1705	232	2	beaulieu	beaulieu	NOUN
ajfa-1705	232	3	,	,	PUNCT
ajfa-1705	232	4	m.	m.	NOUN
ajfa-1705	232	5	c	c	PROPN
ajfa-1705	232	6	,	,	PUNCT
ajfa-1705	232	7	cosset	cosset	PROPN
ajfa-1705	232	8	,	,	PUNCT
ajfa-1705	232	9	j.	j.	PROPN
ajfa-1705	232	10	c.	c.	PROPN
ajfa-1705	232	11	&	&	CCONJ
ajfa-1705	232	12	essaddam	essaddam	PROPN
ajfa-1705	232	13	,	,	PUNCT
ajfa-1705	232	14	n.	n.	NOUN
ajfa-1705	232	15	(	(	PUNCT
ajfa-1705	232	16	2006	2006	NUM
ajfa-1705	232	17	)	)	PUNCT
ajfa-1705	232	18	.	.	PUNCT
ajfa-1705	233	1	political	political	ADJ
ajfa-1705	233	2	uncertainty	uncertainty	NOUN
ajfa-1705	233	3	and	and	CCONJ
ajfa-1705	233	4	stock	stock	NOUN
ajfa-1705	233	5	market	market	NOUN
ajfa-1705	233	6	returns	return	NOUN
ajfa-1705	233	7	:	:	PUNCT
ajfa-1705	233	8	evidence	evidence	NOUN
ajfa-1705	233	9	from	from	ADP
ajfa-1705	233	10	the	the	DET
ajfa-1705	233	11	1995	1995	NUM
ajfa-1705	233	12	quebec	quebec	PROPN
ajfa-1705	233	13	referendum	referendum	NOUN
ajfa-1705	233	14	.	.	PUNCT
ajfa-1705	234	1	canadian	canadian	ADJ
ajfa-1705	234	2	journal	journal	PROPN
ajfa-1705	234	3	of	of	ADP
ajfa-1705	234	4	economics	economic	NOUN
ajfa-1705	234	5	,	,	PUNCT
ajfa-1705	234	6	39(2	39(2	NUM
ajfa-1705	234	7	)	)	PUNCT
ajfa-1705	234	8	,	,	PUNCT
ajfa-1705	234	9	621	621	NUM
ajfa-1705	234	10	-	-	SYM
ajfa-1705	234	11	641	641	NUM
ajfa-1705	234	12	.	.	PUNCT
ajfa-1705	235	1	http://dx.doi.org/10.1111/j.0008-4085.2006.00363.x	http://dx.doi.org/10.1111/j.0008-4085.2006.00363.x	ADJ
ajfa-1705	235	2	bekaret	bekaret	PROPN
ajfa-1705	235	3	,	,	PUNCT
ajfa-1705	235	4	g.	g.	PROPN
ajfa-1705	235	5	(	(	PUNCT
ajfa-1705	235	6	1995	1995	NUM
ajfa-1705	235	7	)	)	PUNCT
ajfa-1705	235	8	.	.	PUNCT
ajfa-1705	236	1	market	market	NOUN
ajfa-1705	236	2	integration	integration	NOUN
ajfa-1705	236	3	and	and	CCONJ
ajfa-1705	236	4	investment	investment	NOUN
ajfa-1705	236	5	barriers	barrier	NOUN
ajfa-1705	236	6	in	in	ADP
ajfa-1705	236	7	emerging	emerge	VERB
ajfa-1705	236	8	equity	equity	NOUN
ajfa-1705	236	9	markets	market	NOUN
ajfa-1705	236	10	.	.	PUNCT
ajfa-1705	237	1	world	world	PROPN
ajfa-1705	237	2	bank	bank	PROPN
ajfa-1705	237	3	econ	econ	PROPN
ajfa-1705	237	4	.	.	PUNCT
ajfa-1705	238	1	rev	rev	PROPN
ajfa-1705	238	2	.	.	PROPN
ajfa-1705	238	3	,	,	PUNCT
ajfa-1705	238	4	9	9	NUM
ajfa-1705	238	5	,	,	PUNCT
ajfa-1705	238	6	75–107	75–107	PROPN
ajfa-1705	238	7	.	.	PUNCT
ajfa-1705	239	1	http://dx.doi.org/10.1093/wber/9.1.75	http://dx.doi.org/10.1093/wber/9.1.75	PROPN
ajfa-1705	239	2	bekaret	bekaret	NOUN
ajfa-1705	239	3	,	,	PUNCT
ajfa-1705	239	4	g	g	PROPN
ajfa-1705	239	5	&	&	CCONJ
ajfa-1705	239	6	campbell	campbell	PROPN
ajfa-1705	239	7	,	,	PUNCT
ajfa-1705	239	8	r.h	r.h	PROPN
ajfa-1705	239	9	.	.	PROPN
ajfa-1705	239	10	(	(	PUNCT
ajfa-1705	239	11	1997	1997	NUM
ajfa-1705	239	12	)	)	PUNCT
ajfa-1705	239	13	.	.	PUNCT
ajfa-1705	240	1	emerging	emerge	VERB
ajfa-1705	240	2	equity	equity	NOUN
ajfa-1705	240	3	market	market	NOUN
ajfa-1705	240	4	volatility	volatility	NOUN
ajfa-1705	240	5	.	.	PUNCT
ajfa-1705	241	1	journal	journal	NOUN
ajfa-1705	241	2	of	of	ADP
ajfa-1705	241	3	financial	financial	ADJ
ajfa-1705	241	4	economics	economic	NOUN
ajfa-1705	241	5	,	,	PUNCT
ajfa-1705	241	6	43	43	NUM
ajfa-1705	241	7	,	,	PUNCT
ajfa-1705	241	8	29–77	29–77	NUM
ajfa-1705	241	9	.	.	PUNCT
ajfa-1705	242	1	http://dx.doi.org/10.1016/s0304-405x(96)00889-6	http://dx.doi.org/10.1016/s0304-405x(96)00889-6	NOUN
ajfa-1705	242	2	bittlingmayer	bittlingmayer	NOUN
ajfa-1705	242	3	,	,	PUNCT
ajfa-1705	242	4	g.	g.	PROPN
ajfa-1705	242	5	(	(	PUNCT
ajfa-1705	242	6	1998	1998	NUM
ajfa-1705	242	7	)	)	PUNCT
ajfa-1705	242	8	output	output	NOUN
ajfa-1705	242	9	,	,	PUNCT
ajfa-1705	242	10	stock	stock	NOUN
ajfa-1705	242	11	volatility	volatility	NOUN
ajfa-1705	242	12	,	,	PUNCT
ajfa-1705	242	13	and	and	CCONJ
ajfa-1705	242	14	political	political	ADJ
ajfa-1705	242	15	uncertainty	uncertainty	NOUN
ajfa-1705	242	16	in	in	ADP
ajfa-1705	242	17	a	a	DET
ajfa-1705	242	18	natural	natural	ADJ
ajfa-1705	242	19	experiment	experiment	NOUN
ajfa-1705	242	20	:	:	PUNCT
ajfa-1705	242	21	germany	germany	PROPN
ajfa-1705	242	22	,	,	PUNCT
ajfa-1705	242	23	1880	1880	NUM
ajfa-1705	242	24	-	-	SYM
ajfa-1705	242	25	1940	1940	NUM
ajfa-1705	242	26	.	.	PUNCT
ajfa-1705	243	1	journal	journal	PROPN
ajfa-1705	243	2	of	of	ADP
ajfa-1705	243	3	finance	finance	NOUN
ajfa-1705	243	4	,	,	PUNCT
ajfa-1705	243	5	53	53	NUM
ajfa-1705	243	6	,	,	PUNCT
ajfa-1705	243	7	2243	2243	NUM
ajfa-1705	243	8	-	-	SYM
ajfa-1705	243	9	2258	2258	NUM
ajfa-1705	243	10	.	.	PUNCT
ajfa-1705	244	1	http://dx.doi.org/10.1111/0022-1082.00090	http://dx.doi.org/10.1111/0022-1082.00090	PRON
ajfa-1705	244	2	brewer	brewer	NOUN
ajfa-1705	244	3	t.	t.	PROPN
ajfa-1705	244	4	l.	l.	PROPN
ajfa-1705	244	5	(	(	PUNCT
ajfa-1705	244	6	1981	1981	NUM
ajfa-1705	244	7	)	)	PUNCT
ajfa-1705	244	8	.	.	PUNCT
ajfa-1705	245	1	political	political	ADJ
ajfa-1705	245	2	risk	risk	NOUN
ajfa-1705	245	3	assessment	assessment	NOUN
ajfa-1705	245	4	for	for	ADP
ajfa-1705	245	5	foreign	foreign	ADJ
ajfa-1705	245	6	direct	direct	ADJ
ajfa-1705	245	7	investment	investment	NOUN
ajfa-1705	245	8	decisions	decision	NOUN
ajfa-1705	245	9	:	:	PUNCT
ajfa-1705	245	10	better	well	ADJ
ajfa-1705	245	11	methods	method	NOUN
ajfa-1705	245	12	for	for	ADP
ajfa-1705	245	13	better	well	ADJ
ajfa-1705	245	14	results	result	NOUN
ajfa-1705	245	15	.	.	PUNCT
ajfa-1705	246	1	columbia	columbia	PROPN
ajfa-1705	246	2	journal	journal	PROPN
ajfa-1705	246	3	of	of	ADP
ajfa-1705	246	4	world	world	PROPN
ajfa-1705	246	5	business	business	NOUN
ajfa-1705	246	6	,	,	PUNCT
ajfa-1705	246	7	16(1	16(1	NUM
ajfa-1705	246	8	)	)	PUNCT
ajfa-1705	246	9	,	,	PUNCT
ajfa-1705	246	10	5	5	NUM
ajfa-1705	246	11	-	-	SYM
ajfa-1705	246	12	12	12	NUM
ajfa-1705	246	13	.	.	PUNCT
ajfa-1705	247	1	chan	chan	PROPN
ajfa-1705	247	2	,	,	PUNCT
ajfa-1705	247	3	y	y	PROPN
ajfa-1705	247	4	&	&	CCONJ
ajfa-1705	247	5	john	john	PROPN
ajfa-1705	247	6	wei	wei	PROPN
ajfa-1705	247	7	,	,	PUNCT
ajfa-1705	247	8	k.c	k.c	PROPN
ajfa-1705	247	9	.	.	PROPN
ajfa-1705	247	10	(	(	PUNCT
ajfa-1705	247	11	1996	1996	NUM
ajfa-1705	247	12	)	)	PUNCT
ajfa-1705	247	13	.	.	PUNCT
ajfa-1705	248	1	political	political	ADJ
ajfa-1705	248	2	risk	risk	NOUN
ajfa-1705	248	3	and	and	CCONJ
ajfa-1705	248	4	stock	stock	NOUN
ajfa-1705	248	5	price	price	NOUN
ajfa-1705	248	6	volatility	volatility	NOUN
ajfa-1705	248	7	:	:	PUNCT
ajfa-1705	248	8	the	the	DET
ajfa-1705	248	9	case	case	NOUN
ajfa-1705	248	10	of	of	ADP
ajfa-1705	248	11	hong	hong	PROPN
ajfa-1705	248	12	kong	kong	PROPN
ajfa-1705	248	13	.	.	PUNCT
ajfa-1705	249	1	pacific	pacific	ADJ
ajfa-1705	249	2	-	-	PUNCT
ajfa-1705	249	3	basin	basin	NOUN
ajfa-1705	249	4	finance	finance	NOUN
ajfa-1705	249	5	journal	journal	NOUN
ajfa-1705	249	6	,	,	PUNCT
ajfa-1705	249	7	4	4	NUM
ajfa-1705	249	8	,	,	PUNCT
ajfa-1705	249	9	259	259	NUM
ajfa-1705	249	10	-	-	SYM
ajfa-1705	249	11	275	275	NUM
ajfa-1705	249	12	.	.	PUNCT
ajfa-1705	250	1	http://dx.doi.org/10.1016/0927-538x(96)00014-5	http://dx.doi.org/10.1016/0927-538x(96)00014-5	NOUN
ajfa-1705	250	2	chan	chan	PROPN
ajfa-1705	250	3	,	,	PUNCT
ajfa-1705	250	4	y.	y.	PROPN
ajfa-1705	250	5	,	,	PUNCT
ajfa-1705	250	6	chui	chui	PROPN
ajfa-1705	250	7	,	,	PUNCT
ajfa-1705	250	8	a.c.w	a.c.w	PROPN
ajfa-1705	250	9	.	.	PROPN
ajfa-1705	250	10	,	,	PUNCT
ajfa-1705	250	11	&	&	CCONJ
ajfa-1705	250	12	kwok	kwok	PROPN
ajfa-1705	250	13	,	,	PUNCT
ajfa-1705	250	14	c.c.y	c.c.y	PROPN
ajfa-1705	250	15	.	.	PUNCT
ajfa-1705	251	1	(	(	PUNCT
ajfa-1705	251	2	2001	2001	NUM
ajfa-1705	251	3	)	)	PUNCT
ajfa-1705	251	4	.	.	PUNCT
ajfa-1705	252	1	the	the	DET
ajfa-1705	252	2	impact	impact	NOUN
ajfa-1705	252	3	of	of	ADP
ajfa-1705	252	4	salient	salient	ADJ
ajfa-1705	252	5	political	political	ADJ
ajfa-1705	252	6	and	and	CCONJ
ajfa-1705	252	7	economic	economic	ADJ
ajfa-1705	252	8	news	news	NOUN
ajfa-1705	252	9	on	on	ADP
ajfa-1705	252	10	the	the	DET
ajfa-1705	252	11	trading	trading	NOUN
ajfa-1705	252	12	activity	activity	NOUN
ajfa-1705	252	13	.	.	PUNCT
ajfa-1705	253	1	pacific	pacific	ADJ
ajfa-1705	253	2	-	-	PUNCT
ajfa-1705	253	3	basin	basin	NOUN
ajfa-1705	253	4	finance	finance	NOUN
ajfa-1705	253	5	journal	journal	NOUN
ajfa-1705	253	6	.	.	PUNCT
ajfa-1705	254	1	http://dx.doi.org/10.1016/s0927-538x(01)00015-4	http://dx.doi.org/10.1016/s0927-538x(01)00015-4	PROPN
ajfa-1705	254	2	cosset	cosset	PROPN
ajfa-1705	254	3	,	,	PUNCT
ajfa-1705	254	4	c.	c.	PROPN
ajfa-1705	254	5	j.	j.	PROPN
ajfa-1705	254	6	,	,	PUNCT
ajfa-1705	254	7	&	&	CCONJ
ajfa-1705	254	8	suret	suret	PROPN
ajfa-1705	254	9	,	,	PUNCT
ajfa-1705	254	10	m.	m.	NOUN
ajfa-1705	254	11	j.	j.	PROPN
ajfa-1705	254	12	(	(	PUNCT
ajfa-1705	254	13	1995	1995	NUM
ajfa-1705	254	14	)	)	PUNCT
ajfa-1705	254	15	.	.	PUNCT
ajfa-1705	255	1	political	political	ADJ
ajfa-1705	255	2	risk	risk	NOUN
ajfa-1705	255	3	and	and	CCONJ
ajfa-1705	255	4	the	the	DET
ajfa-1705	255	5	benefits	benefit	NOUN
ajfa-1705	255	6	of	of	ADP
ajfa-1705	255	7	international	international	ADJ
ajfa-1705	255	8	portfolio	portfolio	NOUN
ajfa-1705	255	9	diversification	diversification	NOUN
ajfa-1705	255	10	.	.	PUNCT
ajfa-1705	256	1	journal	journal	PROPN
ajfa-1705	256	2	of	of	ADP
ajfa-1705	256	3	international	international	ADJ
ajfa-1705	256	4	business	business	NOUN
ajfa-1705	256	5	studies	study	NOUN
ajfa-1705	256	6	,	,	PUNCT
ajfa-1705	256	7	26(2	26(2	NUM
ajfa-1705	256	8	)	)	PUNCT
ajfa-1705	256	9	,	,	PUNCT
ajfa-1705	256	10	301	301	NUM
ajfa-1705	256	11	-	-	SYM
ajfa-1705	256	12	318	318	NUM
ajfa-1705	256	13	.	.	PUNCT
ajfa-1705	257	1	http://dx.doi.org/10.1057/palgrave.jibs.8490175	http://dx.doi.org/10.1057/palgrave.jibs.8490175	PROPN
ajfa-1705	257	2	clark	clark	PROPN
ajfa-1705	257	3	,	,	PUNCT
ajfa-1705	257	4	e.	e.	PROPN
ajfa-1705	257	5	(	(	PUNCT
ajfa-1705	257	6	1997	1997	NUM
ajfa-1705	257	7	)	)	PUNCT
ajfa-1705	257	8	.	.	PUNCT
ajfa-1705	258	1	valuing	value	VERB
ajfa-1705	258	2	political	political	ADJ
ajfa-1705	258	3	risk	risk	NOUN
ajfa-1705	258	4	.	.	PUNCT
ajfa-1705	259	1	journal	journal	NOUN
ajfa-1705	259	2	of	of	ADP
ajfa-1705	259	3	international	international	ADJ
ajfa-1705	259	4	money	money	NOUN
ajfa-1705	259	5	and	and	CCONJ
ajfa-1705	259	6	finance	finance	NOUN
ajfa-1705	259	7	,	,	PUNCT
ajfa-1705	259	8	16	16	NUM
ajfa-1705	259	9	,	,	PUNCT
ajfa-1705	259	10	477	477	NUM
ajfa-1705	259	11	-	-	SYM
ajfa-1705	259	12	490	490	NUM
ajfa-1705	259	13	.	.	PUNCT
ajfa-1705	260	1	http://dx.doi.org/10.1016/s0261-5606(97)00008-9	http://dx.doi.org/10.1016/s0261-5606(97)00008-9	PROPN
ajfa-1705	260	2	clark	clark	NOUN
ajfa-1705	260	3	,	,	PUNCT
ajfa-1705	260	4	e.	e.	PROPN
ajfa-1705	260	5	&	&	CCONJ
ajfa-1705	260	6	r.	r.	PROPN
ajfa-1705	260	7	tunaru	tunaru	PROPN
ajfa-1705	260	8	.	.	PUNCT
ajfa-1705	261	1	(	(	PUNCT
ajfa-1705	261	2	2003	2003	NUM
ajfa-1705	261	3	)	)	PUNCT
ajfa-1705	261	4	.	.	PUNCT
ajfa-1705	262	1	quantification	quantification	NOUN
ajfa-1705	262	2	of	of	ADP
ajfa-1705	262	3	political	political	ADJ
ajfa-1705	262	4	risk	risk	NOUN
ajfa-1705	262	5	with	with	ADP
ajfa-1705	262	6	multiple	multiple	ADJ
ajfa-1705	262	7	dependent	dependent	ADJ
ajfa-1705	262	8	sources	source	NOUN
ajfa-1705	262	9	.	.	PUNCT
ajfa-1705	263	1	journal	journal	PROPN
ajfa-1705	263	2	of	of	ADP
ajfa-1705	263	3	economics	economic	NOUN
ajfa-1705	263	4	and	and	CCONJ
ajfa-1705	263	5	finance	finance	NOUN
ajfa-1705	263	6	,	,	PUNCT
ajfa-1705	263	7	27(2	27(2	NUM
ajfa-1705	263	8	)	)	PUNCT
ajfa-1705	263	9	,	,	PUNCT
ajfa-1705	263	10	125	125	NUM
ajfa-1705	263	11	-	-	SYM
ajfa-1705	263	12	135	135	NUM
ajfa-1705	263	13	.	.	PUNCT
ajfa-1705	264	1	http://dx.doi.org/10.1007/bf02827214	http://dx.doi.org/10.1007/bf02827214	ADV
ajfa-1705	264	2	clark	clark	PROPN
ajfa-1705	264	3	,	,	PUNCT
ajfa-1705	264	4	e.	e.	PROPN
ajfa-1705	264	5	,	,	PUNCT
ajfa-1705	264	6	&	&	CCONJ
ajfa-1705	264	7	tunaru	tunaru	PROPN
ajfa-1705	264	8	,	,	PUNCT
ajfa-1705	264	9	t.	t.	PROPN
ajfa-1705	264	10	(	(	PUNCT
ajfa-1705	264	11	2005	2005	NUM
ajfa-1705	264	12	)	)	PUNCT
ajfa-1705	264	13	.	.	PUNCT
ajfa-1705	265	1	the	the	DET
ajfa-1705	265	2	evolution	evolution	NOUN
ajfa-1705	265	3	of	of	ADP
ajfa-1705	265	4	international	international	ADJ
ajfa-1705	265	5	political	political	ADJ
ajfa-1705	265	6	risk	risk	NOUN
ajfa-1705	265	7	1956	1956	NUM
ajfa-1705	265	8	-	-	SYM
ajfa-1705	265	9	2001	2001	NUM
ajfa-1705	265	10	.	.	PUNCT
ajfa-1705	266	1	[	[	X
ajfa-1705	266	2	accessed	access	VERB
ajfa-1705	266	3	15	15	NUM
ajfa-1705	266	4	april	april	PROPN
ajfa-1705	266	5	2011	2011	NUM
ajfa-1705	266	6	.	.	PUNCT
ajfa-1705	267	1	http://repec.org/mmfc05/paper37.pdf	http://repec.org/mmfc05/paper37.pdf	NUM
ajfa-1705	267	2	cutler	cutler	NOUN
ajfa-1705	267	3	,	,	PUNCT
ajfa-1705	267	4	d.	d.	PROPN
ajfa-1705	267	5	,	,	PUNCT
ajfa-1705	267	6	poterba	poterba	PROPN
ajfa-1705	267	7	,	,	PUNCT
ajfa-1705	267	8	j.	j.	PROPN
ajfa-1705	267	9	,	,	PUNCT
ajfa-1705	267	10	&	&	CCONJ
ajfa-1705	267	11	summers	summers	PROPN
ajfa-1705	267	12	,	,	PUNCT
ajfa-1705	267	13	l.	l.	PROPN
ajfa-1705	267	14	(	(	PUNCT
ajfa-1705	267	15	1989	1989	NUM
ajfa-1705	267	16	)	)	PUNCT
ajfa-1705	267	17	.	.	PUNCT
ajfa-1705	268	1	what	what	PRON
ajfa-1705	268	2	moves	move	VERB
ajfa-1705	268	3	stock	stock	NOUN
ajfa-1705	268	4	prices	price	NOUN
ajfa-1705	268	5	?	?	PUNCT
ajfa-1705	269	1	journal	journal	NOUN
ajfa-1705	269	2	of	of	ADP
ajfa-1705	269	3	portfolio	portfolio	NOUN
ajfa-1705	269	4	management	management	NOUN
ajfa-1705	269	5	,	,	PUNCT
ajfa-1705	269	6	15	15	NUM
ajfa-1705	269	7	,	,	PUNCT
ajfa-1705	269	8	4	4	NUM
ajfa-1705	269	9	-	-	SYM
ajfa-1705	269	10	11	11	NUM
ajfa-1705	269	11	.	.	PUNCT
ajfa-1705	270	1	http://dx.doi.org/10.3905/jpm.1989.409212	http://dx.doi.org/10.3905/jpm.1989.409212	PROPN
ajfa-1705	270	2	.	.	PUNCT
ajfa-1705	270	3	asian	asian	PROPN
ajfa-1705	270	4	journal	journal	PROPN
ajfa-1705	270	5	of	of	ADP
ajfa-1705	270	6	finance	finance	PROPN
ajfa-1705	270	7	&	&	CCONJ
ajfa-1705	270	8	accounting	accounting	PROPN
ajfa-1705	270	9	issn	issn	PROPN
ajfa-1705	270	10	1946	1946	NUM
ajfa-1705	270	11	-	-	PUNCT
ajfa-1705	270	12	052x	052x	NOUN
ajfa-1705	270	13	2012	2012	NUM
ajfa-1705	270	14	,	,	PUNCT
ajfa-1705	270	15	vol	vol	NOUN
ajfa-1705	270	16	.	.	PROPN
ajfa-1705	270	17	4	4	NUM
ajfa-1705	270	18	,	,	PUNCT
ajfa-1705	270	19	no	no	INTJ
ajfa-1705	270	20	.	.	NOUN
ajfa-1705	270	21	1	1	NUM
ajfa-1705	270	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	270	23	309	309	NUM
ajfa-1705	270	24	engle	engle	NOUN
ajfa-1705	270	25	,	,	PUNCT
ajfa-1705	270	26	r.	r.	PROPN
ajfa-1705	270	27	f.	f.	PROPN
ajfa-1705	270	28	(	(	PUNCT
ajfa-1705	270	29	1982	1982	NUM
ajfa-1705	270	30	)	)	PUNCT
ajfa-1705	270	31	.	.	PUNCT
ajfa-1705	271	1	autoregressive	autoregressive	ADJ
ajfa-1705	271	2	conditional	conditional	ADJ
ajfa-1705	271	3	heteroskedasticity	heteroskedasticity	NOUN
ajfa-1705	271	4	with	with	ADP
ajfa-1705	271	5	estimates	estimate	NOUN
ajfa-1705	271	6	of	of	ADP
ajfa-1705	271	7	variance	variance	NOUN
ajfa-1705	271	8	of	of	ADP
ajfa-1705	271	9	united	united	PROPN
ajfa-1705	271	10	kingdom	kingdom	PROPN
ajfa-1705	271	11	inflation	inflation	NOUN
ajfa-1705	271	12	.	.	PUNCT
ajfa-1705	272	1	econometrica	econometrica	PROPN
ajfa-1705	272	2	50(4	50(4	NUM
ajfa-1705	272	3	)	)	PUNCT
ajfa-1705	272	4	,	,	PUNCT
ajfa-1705	272	5	987–1007	987–1007	X
ajfa-1705	272	6	.	.	PUNCT
ajfa-1705	273	1	http://dx.doi.org/10.2307/1912773	http://dx.doi.org/10.2307/1912773	PROPN
ajfa-1705	273	2	engle	engle	PROPN
ajfa-1705	273	3	,	,	PUNCT
ajfa-1705	273	4	r.	r.	PROPN
ajfa-1705	273	5	f.	f.	PROPN
ajfa-1705	273	6	,	,	PUNCT
ajfa-1705	273	7	&	&	CCONJ
ajfa-1705	273	8	ng	ng	PROPN
ajfa-1705	273	9	,	,	PUNCT
ajfa-1705	273	10	v.	v.	PROPN
ajfa-1705	273	11	k.	k.	PROPN
ajfa-1705	273	12	(	(	PUNCT
ajfa-1705	273	13	1993	1993	NUM
ajfa-1705	273	14	)	)	PUNCT
ajfa-1705	273	15	.	.	PUNCT
ajfa-1705	274	1	measuring	measure	VERB
ajfa-1705	274	2	and	and	CCONJ
ajfa-1705	274	3	testing	test	VERB
ajfa-1705	274	4	the	the	DET
ajfa-1705	274	5	impact	impact	NOUN
ajfa-1705	274	6	of	of	ADP
ajfa-1705	274	7	news	news	NOUN
ajfa-1705	274	8	on	on	ADP
ajfa-1705	274	9	volatility	volatility	NOUN
ajfa-1705	274	10	.	.	PUNCT
ajfa-1705	275	1	journal	journal	PROPN
ajfa-1705	275	2	of	of	ADP
ajfa-1705	275	3	finance	finance	NOUN
ajfa-1705	275	4	,	,	PUNCT
ajfa-1705	275	5	48(5	48(5	NUM
ajfa-1705	275	6	)	)	PUNCT
ajfa-1705	275	7	,	,	PUNCT
ajfa-1705	275	8	1749	1749	NUM
ajfa-1705	275	9	-	-	SYM
ajfa-1705	275	10	78	78	NUM
ajfa-1705	275	11	.	.	PUNCT
ajfa-1705	276	1	erb	erb	PROPN
ajfa-1705	276	2	,	,	PUNCT
ajfa-1705	276	3	c.	c.	PROPN
ajfa-1705	276	4	b.	b.	PROPN
ajfa-1705	276	5	,	,	PUNCT
ajfa-1705	276	6	harvey	harvey	PROPN
ajfa-1705	276	7	,	,	PUNCT
ajfa-1705	276	8	c.	c.	PROPN
ajfa-1705	276	9	r.	r.	PROPN
ajfa-1705	276	10	,	,	PUNCT
ajfa-1705	276	11	&	&	CCONJ
ajfa-1705	276	12	viskanta	viskanta	PROPN
ajfa-1705	276	13	,	,	PUNCT
ajfa-1705	276	14	t.	t.	PROPN
ajfa-1705	276	15	e.	e.	PROPN
ajfa-1705	276	16	(	(	PUNCT
ajfa-1705	276	17	1995	1995	NUM
ajfa-1705	276	18	)	)	PUNCT
ajfa-1705	276	19	.	.	PUNCT
ajfa-1705	277	1	country	country	NOUN
ajfa-1705	277	2	risk	risk	NOUN
ajfa-1705	277	3	and	and	CCONJ
ajfa-1705	277	4	global	global	ADJ
ajfa-1705	277	5	equity	equity	NOUN
ajfa-1705	277	6	selection	selection	NOUN
ajfa-1705	277	7	.	.	PUNCT
ajfa-1705	278	1	the	the	DET
ajfa-1705	278	2	journal	journal	PROPN
ajfa-1705	278	3	of	of	ADP
ajfa-1705	278	4	portfolio	portfolio	PROPN
ajfa-1705	278	5	management	management	PROPN
ajfa-1705	278	6	,	,	PUNCT
ajfa-1705	278	7	21(2	21(2	NUM
ajfa-1705	278	8	)	)	PUNCT
ajfa-1705	278	9	,	,	PUNCT
ajfa-1705	278	10	74	74	NUM
ajfa-1705	278	11	-	-	SYM
ajfa-1705	278	12	83	83	NUM
ajfa-1705	278	13	.	.	PUNCT
ajfa-1705	279	1	http://dx.doi.org/10.3905/jpm.1995.409504	http://dx.doi.org/10.3905/jpm.1995.409504	PRON
ajfa-1705	279	2	erb	erb	PROPN
ajfa-1705	279	3	,	,	PUNCT
ajfa-1705	279	4	c.	c.	PROPN
ajfa-1705	279	5	b.	b.	PROPN
ajfa-1705	279	6	,	,	PUNCT
ajfa-1705	279	7	harvey	harvey	PROPN
ajfa-1705	279	8	,	,	PUNCT
ajfa-1705	279	9	c.	c.	PROPN
ajfa-1705	279	10	r.	r.	PROPN
ajfa-1705	279	11	,	,	PUNCT
ajfa-1705	279	12	&	&	CCONJ
ajfa-1705	279	13	viskanta	viskanta	PROPN
ajfa-1705	279	14	,	,	PUNCT
ajfa-1705	279	15	t.	t.	PROPN
ajfa-1705	279	16	e.	e.	PROPN
ajfa-1705	279	17	(	(	PUNCT
ajfa-1705	279	18	1996	1996	NUM
ajfa-1705	279	19	)	)	PUNCT
ajfa-1705	279	20	.	.	PUNCT
ajfa-1705	280	1	political	political	ADJ
ajfa-1705	280	2	risk	risk	NOUN
ajfa-1705	280	3	,	,	PUNCT
ajfa-1705	280	4	economic	economic	ADJ
ajfa-1705	280	5	risk	risk	NOUN
ajfa-1705	280	6	and	and	CCONJ
ajfa-1705	280	7	financial	financial	ADJ
ajfa-1705	280	8	risk	risk	NOUN
ajfa-1705	280	9	.	.	PUNCT
ajfa-1705	281	1	financial	financial	ADJ
ajfa-1705	281	2	analysts	analyst	NOUN
ajfa-1705	281	3	journal	journal	PROPN
ajfa-1705	281	4	.	.	PUNCT
ajfa-1705	282	1	http://dx.doi.org/10.2469/faj.v52.n6.2038	http://dx.doi.org/10.2469/faj.v52.n6.2038	PROPN
ajfa-1705	282	2	feils	feil	NOUN
ajfa-1705	282	3	,	,	PUNCT
ajfa-1705	282	4	d.j	d.j	PROPN
ajfa-1705	282	5	.	.	PROPN
ajfa-1705	282	6	,	,	PUNCT
ajfa-1705	282	7	&	&	CCONJ
ajfa-1705	282	8	sabac	sabac	PROPN
ajfa-1705	282	9	,	,	PUNCT
ajfa-1705	282	10	f.m	f.m	PROPN
ajfa-1705	282	11	.	.	PROPN
ajfa-1705	282	12	(	(	PUNCT
ajfa-1705	282	13	2000	2000	NUM
ajfa-1705	282	14	)	)	PUNCT
ajfa-1705	282	15	.	.	PUNCT
ajfa-1705	283	1	the	the	DET
ajfa-1705	283	2	impact	impact	NOUN
ajfa-1705	283	3	of	of	ADP
ajfa-1705	283	4	political	political	ADJ
ajfa-1705	283	5	risk	risk	NOUN
ajfa-1705	283	6	on	on	ADP
ajfa-1705	283	7	the	the	DET
ajfa-1705	283	8	foreign	foreign	ADJ
ajfa-1705	283	9	direct	direct	ADJ
ajfa-1705	283	10	investment	investment	NOUN
ajfa-1705	283	11	decision	decision	NOUN
ajfa-1705	283	12	:	:	PUNCT
ajfa-1705	283	13	a	a	DET
ajfa-1705	283	14	capital	capital	NOUN
ajfa-1705	283	15	budgeting	budgeting	NOUN
ajfa-1705	283	16	analysis	analysis	NOUN
ajfa-1705	283	17	.	.	PUNCT
ajfa-1705	284	1	engineering	engineering	NOUN
ajfa-1705	284	2	economist	economist	NOUN
ajfa-1705	284	3	,	,	PUNCT
ajfa-1705	284	4	45(2	45(2	NOUN
ajfa-1705	284	5	)	)	PUNCT
ajfa-1705	284	6	,	,	PUNCT
ajfa-1705	284	7	129	129	NUM
ajfa-1705	284	8	-	-	SYM
ajfa-1705	284	9	43	43	NUM
ajfa-1705	284	10	.	.	PUNCT
ajfa-1705	285	1	http://dx.doi.org/10.1080/00137910008967541	http://dx.doi.org/10.1080/00137910008967541	PROPN
ajfa-1705	286	1	kim	kim	PROPN
ajfa-1705	286	2	,	,	PUNCT
ajfa-1705	286	3	h.	h.	PROPN
ajfa-1705	286	4	y.	y.	PROPN
ajfa-1705	286	5	,	,	PUNCT
ajfa-1705	286	6	&	&	CCONJ
ajfa-1705	286	7	mei	mei	PROPN
ajfa-1705	286	8	,	,	PUNCT
ajfa-1705	286	9	j.	j.	PROPN
ajfa-1705	286	10	p.	p.	PROPN
ajfa-1705	286	11	(	(	PUNCT
ajfa-1705	286	12	2001	2001	NUM
ajfa-1705	286	13	)	)	PUNCT
ajfa-1705	286	14	.	.	PUNCT
ajfa-1705	287	1	what	what	PRON
ajfa-1705	287	2	makes	make	VERB
ajfa-1705	287	3	the	the	DET
ajfa-1705	287	4	stock	stock	NOUN
ajfa-1705	287	5	market	market	NOUN
ajfa-1705	287	6	jump	jump	NOUN
ajfa-1705	287	7	?	?	PUNCT
ajfa-1705	288	1	an	an	DET
ajfa-1705	288	2	analysis	analysis	NOUN
ajfa-1705	288	3	of	of	ADP
ajfa-1705	288	4	political	political	ADJ
ajfa-1705	288	5	risk	risk	NOUN
ajfa-1705	288	6	on	on	ADP
ajfa-1705	288	7	hong	hong	PROPN
ajfa-1705	288	8	kong	kong	PROPN
ajfa-1705	288	9	stock	stock	NOUN
ajfa-1705	288	10	returns	return	NOUN
ajfa-1705	288	11	.	.	PUNCT
ajfa-1705	289	1	journal	journal	NOUN
ajfa-1705	289	2	of	of	ADP
ajfa-1705	289	3	international	international	ADJ
ajfa-1705	289	4	money	money	NOUN
ajfa-1705	289	5	and	and	CCONJ
ajfa-1705	289	6	finance	finance	NOUN
ajfa-1705	289	7	,	,	PUNCT
ajfa-1705	289	8	20	20	NUM
ajfa-1705	289	9	,	,	PUNCT
ajfa-1705	289	10	1003–1016	1003–1016	NUM
ajfa-1705	289	11	.	.	PUNCT
ajfa-1705	290	1	http://dx.doi.org/10.1016/s0261-5606(01)00035-3	http://dx.doi.org/10.1016/s0261-5606(01)00035-3	PROPN
ajfa-1705	290	2	.	.	PUNCT
ajfa-1705	291	1	kobrin	kobrin	PROPN
ajfa-1705	291	2	,	,	PUNCT
ajfa-1705	291	3	s.j	s.j	PROPN
ajfa-1705	291	4	.	.	PROPN
ajfa-1705	291	5	(	(	PUNCT
ajfa-1705	291	6	1979	1979	NUM
ajfa-1705	291	7	)	)	PUNCT
ajfa-1705	291	8	.	.	PUNCT
ajfa-1705	292	1	political	political	ADJ
ajfa-1705	292	2	risk	risk	NOUN
ajfa-1705	292	3	:	:	PUNCT
ajfa-1705	292	4	a	a	DET
ajfa-1705	292	5	review	review	NOUN
ajfa-1705	292	6	and	and	CCONJ
ajfa-1705	292	7	reconsideration	reconsideration	NOUN
ajfa-1705	292	8	.	.	PUNCT
ajfa-1705	293	1	journal	journal	NOUN
ajfa-1705	293	2	of	of	ADP
ajfa-1705	293	3	international	international	ADJ
ajfa-1705	293	4	business	business	NOUN
ajfa-1705	293	5	studies	study	NOUN
ajfa-1705	293	6	,	,	PUNCT
ajfa-1705	293	7	10(1	10(1	NUM
ajfa-1705	293	8	)	)	PUNCT
ajfa-1705	293	9	,	,	PUNCT
ajfa-1705	293	10	67	67	NUM
ajfa-1705	293	11	-	-	SYM
ajfa-1705	293	12	80	80	NUM
ajfa-1705	293	13	.	.	PUNCT
ajfa-1705	294	1	http://dx.doi.org/10.1057/palgrave.jibs.8490631	http://dx.doi.org/10.1057/palgrave.jibs.8490631	PROPN
ajfa-1705	294	2	root	root	PROPN
ajfa-1705	294	3	,	,	PUNCT
ajfa-1705	294	4	f.	f.	PROPN
ajfa-1705	294	5	(	(	PUNCT
ajfa-1705	294	6	1973	1973	NUM
ajfa-1705	294	7	)	)	PUNCT
ajfa-1705	294	8	.	.	PUNCT
ajfa-1705	295	1	analysing	analyse	VERB
ajfa-1705	295	2	political	political	ADJ
ajfa-1705	295	3	risks	risk	NOUN
ajfa-1705	295	4	in	in	ADP
ajfa-1705	295	5	international	international	ADJ
ajfa-1705	295	6	business	business	NOUN
ajfa-1705	295	7	,	,	PUNCT
ajfa-1705	295	8	in	in	ADP
ajfa-1705	295	9	ashok	ashok	PROPN
ajfa-1705	295	10	kapoor	kapoor	PROPN
ajfa-1705	295	11	and	and	CCONJ
ajfa-1705	295	12	phillip	phillip	PROPN
ajfa-1705	295	13	d.	d.	PROPN
ajfa-1705	295	14	grub	grub	PROPN
ajfa-1705	295	15	,	,	PUNCT
ajfa-1705	295	16	(	(	PUNCT
ajfa-1705	295	17	eds	ed	NOUN
ajfa-1705	295	18	)	)	PUNCT
ajfa-1705	295	19	,	,	PUNCT
ajfa-1705	295	20	multinational	multinational	ADJ
ajfa-1705	295	21	enterprise	enterprise	NOUN
ajfa-1705	295	22	in	in	ADP
ajfa-1705	295	23	transition	transition	NOUN
ajfa-1705	295	24	.	.	PUNCT
ajfa-1705	296	1	robock	robock	NOUN
ajfa-1705	296	2	,	,	PUNCT
ajfa-1705	296	3	s.	s.	PROPN
ajfa-1705	296	4	h.	h.	PROPN
ajfa-1705	296	5	(	(	PUNCT
ajfa-1705	296	6	1971	1971	NUM
ajfa-1705	296	7	)	)	PUNCT
ajfa-1705	296	8	.	.	PUNCT
ajfa-1705	297	1	political	political	ADJ
ajfa-1705	297	2	risk	risk	NOUN
ajfa-1705	297	3	:	:	PUNCT
ajfa-1705	297	4	identification	identification	NOUN
ajfa-1705	297	5	and	and	CCONJ
ajfa-1705	297	6	assessment	assessment	NOUN
ajfa-1705	297	7	.	.	PUNCT
ajfa-1705	298	1	columbia	columbia	PROPN
ajfa-1705	298	2	journal	journal	PROPN
ajfa-1705	298	3	of	of	ADP
ajfa-1705	298	4	world	world	PROPN
ajfa-1705	298	5	business	business	NOUN
ajfa-1705	298	6	,	,	PUNCT
ajfa-1705	298	7	jul	jul	PROPN
ajfa-1705	298	8	/	/	SYM
ajfa-1705	298	9	aug	aug	PROPN
ajfa-1705	298	10	6(4	6(4	PROPN
ajfa-1705	298	11	)	)	PUNCT
ajfa-1705	298	12	,	,	PUNCT
ajfa-1705	298	13	6	6	NUM
ajfa-1705	298	14	-	-	SYM
ajfa-1705	298	15	20	20	NUM
ajfa-1705	298	16	.	.	PUNCT
ajfa-1705	299	1	simon	simon	PROPN
ajfa-1705	299	2	j.d	j.d	PROPN
ajfa-1705	299	3	.	.	PROPN
ajfa-1705	299	4	(	(	PUNCT
ajfa-1705	299	5	1982	1982	NUM
ajfa-1705	299	6	)	)	PUNCT
ajfa-1705	299	7	.	.	PUNCT
ajfa-1705	300	1	political	political	ADJ
ajfa-1705	300	2	risk	risk	NOUN
ajfa-1705	300	3	assessment	assessment	NOUN
ajfa-1705	300	4	:	:	PUNCT
ajfa-1705	300	5	past	past	ADJ
ajfa-1705	300	6	trends	trend	NOUN
ajfa-1705	300	7	and	and	CCONJ
ajfa-1705	300	8	future	future	ADJ
ajfa-1705	300	9	prospects	prospect	NOUN
ajfa-1705	300	10	.	.	PUNCT
ajfa-1705	301	1	columbia	columbia	PROPN
ajfa-1705	301	2	journal	journal	PROPN
ajfa-1705	301	3	of	of	ADP
ajfa-1705	301	4	world	world	PROPN
ajfa-1705	301	5	business	business	NOUN
ajfa-1705	301	6	,	,	PUNCT
ajfa-1705	301	7	fall	fall	VERB
ajfa-1705	301	8	17(3	17(3	NUM
ajfa-1705	301	9	)	)	PUNCT
ajfa-1705	301	10	,	,	PUNCT
ajfa-1705	301	11	62	62	NUM
ajfa-1705	301	12	-	-	SYM
ajfa-1705	301	13	70	70	NUM
ajfa-1705	301	14	.	.	PUNCT
ajfa-1705	302	1	soultanaeva	soultanaeva	PROPN
ajfa-1705	302	2	,	,	PUNCT
ajfa-1705	302	3	a.	a.	NOUN
ajfa-1705	302	4	(	(	PUNCT
ajfa-1705	302	5	2008	2008	NUM
ajfa-1705	302	6	)	)	PUNCT
ajfa-1705	302	7	.	.	PUNCT
ajfa-1705	303	1	impact	impact	NOUN
ajfa-1705	303	2	of	of	ADP
ajfa-1705	303	3	political	political	ADJ
ajfa-1705	303	4	news	news	NOUN
ajfa-1705	303	5	on	on	ADP
ajfa-1705	303	6	the	the	DET
ajfa-1705	303	7	baltic	baltic	ADJ
ajfa-1705	303	8	state	state	NOUN
ajfa-1705	303	9	stock	stock	NOUN
ajfa-1705	303	10	markets	market	NOUN
ajfa-1705	303	11	[	[	X
ajfa-1705	303	12	online	online	X
ajfa-1705	303	13	]	]	X
ajfa-1705	303	14	available	available	ADJ
ajfa-1705	303	15	from	from	ADP
ajfa-1705	303	16	:	:	PUNCT
ajfa-1705	303	17	http://ideas.repec.org/p/hhs/umnees/0735.html	http://ideas.repec.org/p/hhs/umnees/0735.html	NOUN
ajfa-1705	303	18	[	[	X
ajfa-1705	303	19	accessed	access	VERB
ajfa-1705	303	20	15	15	NUM
ajfa-1705	303	21	april	april	PROPN
ajfa-1705	303	22	2010	2010	NUM
ajfa-1705	303	23	]	]	PUNCT
ajfa-1705	303	24	story	story	NOUN
ajfa-1705	303	25	of	of	ADP
ajfa-1705	303	26	pakistan	pakistan	PROPN
ajfa-1705	303	27	.	.	PUNCT
ajfa-1705	304	1	electronic	electronic	ADJ
ajfa-1705	304	2	reference	reference	NOUN
ajfa-1705	304	3	retrieved	retrieve	VERB
ajfa-1705	304	4	on	on	ADP
ajfa-1705	304	5	march	march	PROPN
ajfa-1705	304	6	22	22	NUM
ajfa-1705	304	7	,	,	PUNCT
ajfa-1705	304	8	2010	2010	NUM
ajfa-1705	304	9	,	,	PUNCT
ajfa-1705	304	10	http://www.storyofpakistan.com/default.asp	http://www.storyofpakistan.com/default.asp	PROPN
ajfa-1705	304	11	suleman	suleman	NOUN
ajfa-1705	304	12	,	,	PUNCT
ajfa-1705	304	13	m.	m.	NOUN
ajfa-1705	304	14	t.	t.	PROPN
ajfa-1705	304	15	(	(	PUNCT
ajfa-1705	304	16	2012	2012	NUM
ajfa-1705	304	17	)	)	PUNCT
ajfa-1705	304	18	.	.	PUNCT
ajfa-1705	305	1	stock	stock	NOUN
ajfa-1705	305	2	market	market	NOUN
ajfa-1705	305	3	reaction	reaction	NOUN
ajfa-1705	305	4	to	to	ADP
ajfa-1705	305	5	terrorist	terrorist	ADJ
ajfa-1705	305	6	attacks	attack	NOUN
ajfa-1705	305	7	:	:	PUNCT
ajfa-1705	305	8	empirical	empirical	ADJ
ajfa-1705	305	9	evidence	evidence	NOUN
ajfa-1705	305	10	from	from	ADP
ajfa-1705	305	11	a	a	DET
ajfa-1705	305	12	front	front	ADJ
ajfa-1705	305	13	line	line	NOUN
ajfa-1705	305	14	state	state	NOUN
ajfa-1705	305	15	.	.	PUNCT
ajfa-1705	306	1	australasian	australasian	ADJ
ajfa-1705	306	2	accounting	accounting	NOUN
ajfa-1705	306	3	business	business	NOUN
ajfa-1705	306	4	and	and	CCONJ
ajfa-1705	306	5	finance	finance	NOUN
ajfa-1705	306	6	journal	journal	NOUN
ajfa-1705	306	7	,	,	PUNCT
ajfa-1705	306	8	6(1	6(1	NUM
ajfa-1705	306	9	)	)	PUNCT
ajfa-1705	306	10	,	,	PUNCT
ajfa-1705	306	11	97	97	NUM
ajfa-1705	306	12	-	-	SYM
ajfa-1705	306	13	110	110	NUM
ajfa-1705	306	14	tan	tan	PROPN
ajfa-1705	306	15	,	,	PUNCT
ajfa-1705	306	16	o.g	o.g	PROPN
ajfa-1705	306	17	.	.	PROPN
ajfa-1705	306	18	,	,	PUNCT
ajfa-1705	306	19	&	&	CCONJ
ajfa-1705	306	20	gannon	gannon	PROPN
ajfa-1705	306	21	,	,	PUNCT
ajfa-1705	306	22	g.l	g.l	PROPN
ajfa-1705	306	23	.	.	PROPN
ajfa-1705	306	24	(	(	PUNCT
ajfa-1705	306	25	2002	2002	NUM
ajfa-1705	306	26	)	)	PUNCT
ajfa-1705	306	27	.	.	PUNCT
ajfa-1705	307	1	information	information	NOUN
ajfa-1705	307	2	effect	effect	NOUN
ajfa-1705	307	3	of	of	ADP
ajfa-1705	307	4	economic	economic	ADJ
ajfa-1705	307	5	news	news	NOUN
ajfa-1705	307	6	:	:	PUNCT
ajfa-1705	307	7	spi	spi	PROPN
ajfa-1705	307	8	futures	futures	PROPN
ajfa-1705	307	9	.	.	PUNCT
ajfa-1705	308	1	international	international	ADJ
ajfa-1705	308	2	review	review	NOUN
ajfa-1705	308	3	of	of	ADP
ajfa-1705	308	4	financial	financial	ADJ
ajfa-1705	308	5	analysis	analysis	NOUN
ajfa-1705	308	6	,	,	PUNCT
ajfa-1705	308	7	11	11	NUM
ajfa-1705	308	8	,	,	PUNCT
ajfa-1705	308	9	467	467	NUM
ajfa-1705	308	10	-	-	SYM
ajfa-1705	308	11	489	489	NUM
ajfa-1705	308	12	.	.	PUNCT
ajfa-1705	309	1	http://dx.doi.org/10.1016/s1057-5219(02)00065-0	http://dx.doi.org/10.1016/s1057-5219(02)00065-0	ADP
ajfa-1705	309	2	notes	note	NOUN
ajfa-1705	309	3	note	note	VERB
ajfa-1705	309	4	1	1	NUM
ajfa-1705	309	5	.	.	PUNCT
ajfa-1705	309	6	pakistan	pakistan	PROPN
ajfa-1705	309	7	political	political	ADJ
ajfa-1705	309	8	stability	stability	NOUN
ajfa-1705	309	9	–	–	PUNCT
ajfa-1705	309	10	harvard	harvard	NOUN
ajfa-1705	309	11	–	–	PUNCT
ajfa-1705	309	12	belfer	belfer	NOUN
ajfa-1705	309	13	center	center	NOUN
ajfa-1705	309	14	for	for	ADP
ajfa-1705	309	15	science	science	NOUN
ajfa-1705	309	16	and	and	CCONJ
ajfa-1705	309	17	international	international	ADJ
ajfa-1705	309	18	affairs	affairs	PROPN
ajfa-1705	309	19	.	.	PUNCT
ajfa-1705	310	1	note	note	VERB
ajfa-1705	310	2	2	2	NUM
ajfa-1705	310	3	.	.	PUNCT
ajfa-1705	311	1	this	this	PRON
ajfa-1705	311	2	is	be	AUX
ajfa-1705	311	3	for	for	ADP
ajfa-1705	311	4	both	both	CCONJ
ajfa-1705	311	5	good	good	ADJ
ajfa-1705	311	6	and	and	CCONJ
ajfa-1705	311	7	bad	bad	ADJ
ajfa-1705	311	8	news	news	NOUN
ajfa-1705	311	9	.	.	PUNCT
ajfa-1705	312	1	note	note	VERB
ajfa-1705	312	2	3	3	NUM
ajfa-1705	312	3	.	.	PUNCT
ajfa-1705	313	1	the	the	DET
ajfa-1705	313	2	main	main	ADJ
ajfa-1705	313	3	sources	source	NOUN
ajfa-1705	313	4	are	be	AUX
ajfa-1705	313	5	:	:	PUNCT
ajfa-1705	313	6	the	the	DET
ajfa-1705	313	7	news	news	NOUN
ajfa-1705	313	8	,	,	PUNCT
ajfa-1705	313	9	nation	nation	NOUN
ajfa-1705	313	10	,	,	PUNCT
ajfa-1705	313	11	dawn	dawn	NOUN
ajfa-1705	313	12	newspaper	newspaper	NOUN
ajfa-1705	313	13	and	and	CCONJ
ajfa-1705	313	14	bbc	bbc	PROPN
ajfa-1705	313	15	.	.	PUNCT
ajfa-1705	314	1	note	note	VERB
ajfa-1705	314	2	4	4	NUM
ajfa-1705	314	3	.	.	PUNCT
ajfa-1705	314	4	pakistan	pakistan	PROPN
ajfa-1705	314	5	people	people	PROPN
ajfa-1705	314	6	’s	’s	PART
ajfa-1705	314	7	party	party	NOUN
ajfa-1705	314	8	,	,	PUNCT
ajfa-1705	314	9	pakistan	pakistan	PROPN
ajfa-1705	314	10	muslim	muslim	PROPN
ajfa-1705	314	11	league	league	PROPN
ajfa-1705	314	12	.	.	PUNCT
ajfa-1705	315	1	asian	asian	ADJ
ajfa-1705	315	2	journal	journal	PROPN
ajfa-1705	315	3	of	of	ADP
ajfa-1705	315	4	finance	finance	PROPN
ajfa-1705	315	5	&	&	CCONJ
ajfa-1705	315	6	accounting	accounting	PROPN
ajfa-1705	315	7	issn	issn	PROPN
ajfa-1705	315	8	1946	1946	NUM
ajfa-1705	315	9	-	-	PUNCT
ajfa-1705	315	10	052x	052x	NOUN
ajfa-1705	315	11	2012	2012	NUM
ajfa-1705	315	12	,	,	PUNCT
ajfa-1705	315	13	vol	vol	NOUN
ajfa-1705	315	14	.	.	PROPN
ajfa-1705	315	15	4	4	NUM
ajfa-1705	315	16	,	,	PUNCT
ajfa-1705	315	17	no	no	INTJ
ajfa-1705	315	18	.	.	NOUN
ajfa-1705	315	19	1	1	NUM
ajfa-1705	315	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-1705	315	21	310	310	NUM
ajfa-1705	315	22	table	table	NOUN
ajfa-1705	315	23	1	1	NUM
ajfa-1705	315	24	.	.	PUNCT
ajfa-1705	315	25	descriptive	descriptive	ADJ
ajfa-1705	315	26	statistics	statistic	NOUN
ajfa-1705	315	27	kse100	kse100	PROPN
ajfa-1705	315	28	oil	oil	PROPN
ajfa-1705	315	29	&	&	CCONJ
ajfa-1705	315	30	gas	gas	PROPN
ajfa-1705	315	31	financial	financial	ADJ
ajfa-1705	315	32	basic	basic	ADJ
ajfa-1705	315	33	material	material	NOUN
ajfa-1705	315	34	utilities	utility	NOUN
ajfa-1705	315	35	food	food	PROPN
ajfa-1705	315	36	&	&	CCONJ
ajfa-1705	315	37	beverage	beverage	NOUN
ajfa-1705	315	38	industries	industry	NOUN
ajfa-1705	315	39	health	health	PROPN
ajfa-1705	315	40	care	care	PROPN
ajfa-1705	315	41	auto	auto	PROPN
ajfa-1705	315	42	&	&	CCONJ
ajfa-1705	315	43	parts	part	NOUN
ajfa-1705	315	44	mean	mean	VERB
ajfa-1705	315	45	0.0004	0.0004	NUM
ajfa-1705	315	46	0.0007	0.0007	NUM
ajfa-1705	315	47	0.0005	0.0005	NUM
ajfa-1705	315	48	0.0005	0.0005	NUM
ajfa-1705	315	49	0.0001	0.0001	NUM
ajfa-1705	315	50	0.0002	0.0002	NUM
ajfa-1705	315	51	8.21e0.0003	8.21e0.0003	NUM
ajfa-1705	315	52	0.0004	0.0004	NUM
ajfa-1705	315	53	maximum	maximum	NOUN
ajfa-1705	315	54	0.1276	0.1276	NUM
ajfa-1705	315	55	0.0799	0.0799	NUM
ajfa-1705	315	56	0.599	0.599	NUM
ajfa-1705	315	57	0.4666	0.4666	NUM
ajfa-1705	315	58	0.10	0.10	NUM
ajfa-1705	315	59	0.1418	0.1418	NUM
ajfa-1705	315	60	1.6618	1.6618	NUM
ajfa-1705	315	61	0.0804	0.0804	NUM
ajfa-1705	315	62	0.1882	0.1882	NUM
ajfa-1705	315	63	minimum	minimum	ADJ
ajfa-1705	315	64	0.1321	0.1321	NUM
ajfa-1705	315	65	0.0799	0.0799	NUM
ajfa-1705	315	66	-0.665	-0.665	NUM
ajfa-1705	315	67	0.492	0.492	NUM
ajfa-1705	315	68	0.10	0.10	NUM
ajfa-1705	315	69	0.1464	0.1464	NUM
ajfa-1705	316	1	1.6239	1.6239	NUM
ajfa-1705	316	2	0.0804	0.0804	NUM
ajfa-1705	316	3	0.1759	0.1759	NUM
ajfa-1705	316	4	std	std	NOUN
ajfa-1705	316	5	.	.	PUNCT
ajfa-1705	316	6	dev	dev	PROPN
ajfa-1705	316	7	.	.	PUNCT
ajfa-1705	317	1	0.0162	0.0162	NUM
ajfa-1705	317	2	0.0187	0.0187	NUM
ajfa-1705	317	3	0.0246	0.0246	NUM
ajfa-1705	317	4	0.0203	0.0203	NUM
ajfa-1705	317	5	0.0233	0.0233	NUM
ajfa-1705	317	6	0.0182	0.0182	NUM
ajfa-1705	317	7	0.0416	0.0416	NUM
ajfa-1705	317	8	0.0176	0.0176	NUM
ajfa-1705	317	9	0.0277	0.0277	NUM
ajfa-1705	317	10	skewness	skewness	NOUN
ajfa-1705	317	11	0.317	0.317	NUM
ajfa-1705	317	12	0.0446	0.0446	NUM
ajfa-1705	317	13	-1.012	-1.012	NOUN
ajfa-1705	317	14	-0.4159	-0.4159	ADP
ajfa-1705	317	15	0.0373	0.0373	NUM
ajfa-1705	317	16	0.0492	0.0492	NUM
ajfa-1705	317	17	0.5875	0.5875	NUM
ajfa-1705	317	18	0.3459	0.3459	NUM
ajfa-1705	317	19	0.3208	0.3208	NUM
ajfa-1705	317	20	kurtosis	kurtosis	NOUN
ajfa-1705	317	21	8.6203	8.6203	NUM
ajfa-1705	317	22	6.1956	6.1956	NUM
ajfa-1705	317	23	198.04	198.04	NUM
ajfa-1705	317	24	139.56	139.56	NUM
ajfa-1705	317	25	6.8598	6.8598	NUM
ajfa-1705	317	26	11.388	11.388	NUM
ajfa-1705	317	27	1060.9	1060.9	NUM
ajfa-1705	317	28	6.7652	6.7652	NUM
ajfa-1705	317	29	8.0187	8.0187	NUM
ajfa-1705	317	30	jarque	jarque	NOUN
ajfa-1705	317	31	-	-	PUNCT
ajfa-1705	317	32	bera	bera	NOUN
ajfa-1705	317	33	6243.6	6243.6	NUM
ajfa-1705	317	34	1963.58	1963.58	NUM
ajfa-1705	317	35	73098	73098	NUM
ajfa-1705	317	36	35834	35834	NUM
ajfa-1705	317	37	2863.4	2863.4	NUM
ajfa-1705	317	38	13521	13521	NUM
ajfa-1705	317	39	2.15e+	2.15e+	NUM
ajfa-1705	317	40	2815.8	2815.8	NUM
ajfa-1705	317	41	4918.3	4918.3	NUM
ajfa-1705	317	42	probability	probability	NOUN
ajfa-1705	317	43	0.0000	0.0000	NUM
ajfa-1705	317	44	0.0000	0.0000	NUM
ajfa-1705	318	1	0.0000	0.0000	NUM
ajfa-1705	318	2	0.0000	0.0000	NUM
ajfa-1705	318	3	0.0000	0.0000	NUM
ajfa-1705	318	4	0.0000	0.0000	NUM
ajfa-1705	318	5	0.0000	0.0000	NUM
ajfa-1705	318	6	0.0000	0.0000	NUM
ajfa-1705	318	7	0.0000	0.0000	NUM
ajfa-1705	318	8	ac	ac	PROPN
ajfa-1705	318	9	return	return	VERB
ajfa-1705	318	10	0.022	0.022	NUM
ajfa-1705	318	11	0.018	0.018	NUM
ajfa-1705	318	12	0.001	0.001	NUM
ajfa-1705	318	13	0.001	0.001	NUM
ajfa-1705	318	14	0.011	0.011	NUM
ajfa-1705	318	15	0.008	0.008	NUM
ajfa-1705	318	16	0.013	0.013	NUM
ajfa-1705	318	17	0.000	0.000	NUM
ajfa-1705	318	18	0.000	0.000	NUM
ajfa-1705	318	19	ac	ac	PROPN
ajfa-1705	318	20	sq	sq	PROPN
ajfa-1705	318	21	.	.	PROPN
ajfa-1705	318	22	return	return	VERB
ajfa-1705	318	23	0.198	0.198	NUM
ajfa-1705	318	24	0.293	0.293	NUM
ajfa-1705	318	25	0.239	0.239	NUM
ajfa-1705	318	26	0.488	0.488	NUM
ajfa-1705	318	27	0.268	0.268	NUM
ajfa-1705	318	28	0.234	0.234	NUM
ajfa-1705	318	29	0.281	0.281	NUM
ajfa-1705	318	30	0.301	0.301	NUM
ajfa-1705	318	31	0.153	0.153	NUM
ajfa-1705	318	32	observation	observation	NOUN
ajfa-1705	318	33	4686	4686	NUM
ajfa-1705	318	34	4162	4162	NUM
ajfa-1705	318	35	4162	4162	NUM
ajfa-1705	318	36	4162	4162	NUM
ajfa-1705	318	37	4162	4162	NUM
ajfa-1705	318	38	4162	4162	NUM
ajfa-1705	318	39	4162	4162	NUM
ajfa-1705	318	40	4162	4162	NUM
ajfa-1705	318	41	4162	4162	NUM
ajfa-1705	318	42	note	note	VERB
ajfa-1705	318	43	.	.	PUNCT
ajfa-1705	319	1	the	the	DET
ajfa-1705	319	2	jarque	jarque	NOUN
ajfa-1705	319	3	-	-	PUNCT
ajfa-1705	319	4	bera	bera	NOUN
ajfa-1705	319	5	statistics	statistic	NOUN
ajfa-1705	319	6	is	be	AUX
ajfa-1705	319	7	computed	compute	VERB
ajfa-1705	319	8	from	from	ADP
ajfa-1705	319	9	the	the	DET
ajfa-1705	319	10	following	follow	VERB
ajfa-1705	319	11	equation	equation	NOUN
ajfa-1705	319	12	;	;	PUNCT
ajfa-1705	319	13	6	6	NUM
ajfa-1705	319	14	3	3	NUM
ajfa-1705	319	15	4	4	NUM
ajfa-1705	319	16	where	where	SCONJ
ajfa-1705	319	17	n	n	PRON
ajfa-1705	319	18	is	be	AUX
ajfa-1705	319	19	the	the	DET
ajfa-1705	319	20	number	number	NOUN
ajfa-1705	319	21	of	of	ADP
ajfa-1705	319	22	observations	observation	NOUN
ajfa-1705	319	23	,	,	PUNCT
ajfa-1705	319	24	s	s	VERB
ajfa-1705	319	25	the	the	DET
ajfa-1705	319	26	skewness	skewness	NOUN
ajfa-1705	319	27	and	and	CCONJ
ajfa-1705	319	28	k	k	NOUN
ajfa-1705	319	29	the	the	DET
ajfa-1705	319	30	kurtosis	kurtosis	NOUN
ajfa-1705	319	31	.	.	PUNCT
ajfa-1705	320	1	the	the	DET
ajfa-1705	320	2	hypotheses	hypothesis	NOUN
ajfa-1705	320	3	for	for	ADP
ajfa-1705	320	4	the	the	DET
ajfa-1705	320	5	jb	jb	PROPN
ajfa-1705	320	6	-	-	PUNCT
ajfa-1705	320	7	test	test	NOUN
ajfa-1705	320	8	are	be	AUX
ajfa-1705	320	9	:	:	PUNCT
ajfa-1705	320	10	h0	h0	NOUN
ajfa-1705	320	11	=	=	PROPN
ajfa-1705	320	12	normal	normal	ADJ
ajfa-1705	320	13	distribution	distribution	NOUN
ajfa-1705	320	14	h1	h1	NOUN
ajfa-1705	320	15	=	=	PUNCT
ajfa-1705	320	16	no	no	DET
ajfa-1705	320	17	normal	normal	ADJ
ajfa-1705	320	18	distribution	distribution	NOUN
ajfa-1705	320	19	asian	asian	ADJ
ajfa-1705	320	20	journal	journal	NOUN
ajfa-1705	320	21	of	of	ADP
ajfa-1705	320	22	finance	finance	PROPN
ajfa-1705	320	23	&	&	CCONJ
ajfa-1705	320	24	accounting	accounting	PROPN
ajfa-1705	320	25	issn	issn	PROPN
ajfa-1705	320	26	1946	1946	NUM
ajfa-1705	320	27	-	-	PUNCT
ajfa-1705	320	28	052x	052x	NOUN
ajfa-1705	320	29	2012	2012	NUM
ajfa-1705	320	30	,	,	PUNCT
ajfa-1705	320	31	vol	vol	NOUN
ajfa-1705	320	32	.	.	PROPN
ajfa-1705	320	33	4	4	NUM
ajfa-1705	320	34	,	,	PUNCT
ajfa-1705	320	35	no	no	INTJ
ajfa-1705	320	36	.	.	NOUN
ajfa-1705	320	37	1	1	NUM
ajfa-1705	320	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	320	39	311	311	NUM
ajfa-1705	320	40	ac	ac	PROPN
ajfa-1705	320	41	(	(	PUNCT
ajfa-1705	320	42	10	10	NUM
ajfa-1705	320	43	)	)	PUNCT
ajfa-1705	320	44	residual	residual	ADJ
ajfa-1705	320	45	0.020	0.020	NUM
ajfa-1705	320	46	0.016	0.016	NUM
ajfa-1705	320	47	0.013	0.013	NUM
ajfa-1705	320	48	0.033	0.033	NUM
ajfa-1705	320	49	0.029	0.029	NUM
ajfa-1705	320	50	0.004	0.004	NUM
ajfa-1705	320	51	0.020	0.020	NUM
ajfa-1705	320	52	0.057	0.057	NUM
ajfa-1705	320	53	0.046	0.046	NUM
ajfa-1705	320	54	ac	ac	PROPN
ajfa-1705	320	55	(	(	PUNCT
ajfa-1705	320	56	10	10	NUM
ajfa-1705	320	57	)	)	PUNCT
ajfa-1705	320	58	squared	square	VERB
ajfa-1705	320	59	residual	residual	ADJ
ajfa-1705	320	60	0.003	0.003	NUM
ajfa-1705	320	61	0.003	0.003	NUM
ajfa-1705	320	62	0.004	0.004	NUM
ajfa-1705	320	63	0.001	0.001	NUM
ajfa-1705	320	64	0.022	0.022	NUM
ajfa-1705	320	65	0.011	0.011	NUM
ajfa-1705	320	66	0.001	0.001	NUM
ajfa-1705	320	67	0.004	0.004	NUM
ajfa-1705	320	68	0.004	0.004	NUM
ajfa-1705	320	69	notes	note	NOUN
ajfa-1705	320	70	:	:	PUNCT
ajfa-1705	320	71	this	this	DET
ajfa-1705	320	72	table	table	NOUN
ajfa-1705	320	73	reports	report	VERB
ajfa-1705	320	74	the	the	DET
ajfa-1705	320	75	estimates	estimate	NOUN
ajfa-1705	320	76	from	from	ADP
ajfa-1705	320	77	the	the	DET
ajfa-1705	320	78	following	follow	VERB
ajfa-1705	320	79	arma	arma	PROPN
ajfa-1705	320	80	egarch	egarch	PROPN
ajfa-1705	320	81	model	model	PROPN
ajfa-1705	320	82	:	:	PUNCT
ajfa-1705	320	83	rkse	rkse	NOUN
ajfa-1705	320	84	,	,	PUNCT
ajfa-1705	320	85	rkse	rkse	NOUN
ajfa-1705	320	86	,	,	PUNCT
ajfa-1705	320	87	θ	θ	PROPN
ajfa-1705	320	88	εkse	εkse	NOUN
ajfa-1705	320	89	,	,	PUNCT
ajfa-1705	320	90	dummy	dummy	ADJ
ajfa-1705	320	91	εkse	εkse	NOUN
ajfa-1705	320	92	,	,	PUNCT
ajfa-1705	320	93	log	log	VERB
ajfa-1705	320	94	,	,	PUNCT
ajfa-1705	320	95	,	,	PUNCT
ajfa-1705	320	96	,	,	PUNCT
ajfa-1705	320	97	log	log	VERB
ajfa-1705	320	98	,	,	PUNCT
ajfa-1705	320	99	we	we	PRON
ajfa-1705	320	100	report	report	VERB
ajfa-1705	320	101	the	the	DET
ajfa-1705	320	102	estimates	estimate	NOUN
ajfa-1705	320	103	for	for	ADP
ajfa-1705	320	104	arma	arma	PROPN
ajfa-1705	320	105	egarch	egarch	PROPN
ajfa-1705	320	106	return	return	NOUN
ajfa-1705	320	107	and	and	CCONJ
ajfa-1705	320	108	volatility	volatility	NOUN
ajfa-1705	320	109	for	for	ADP
ajfa-1705	320	110	kse	kse	NOUN
ajfa-1705	320	111	100	100	NUM
ajfa-1705	320	112	index	index	NOUN
ajfa-1705	320	113	and	and	CCONJ
ajfa-1705	320	114	other	other	ADJ
ajfa-1705	320	115	selected	select	VERB
ajfa-1705	320	116	indexes	index	NOUN
ajfa-1705	320	117	.	.	PUNCT
ajfa-1705	321	1	the	the	DET
ajfa-1705	321	2	coefficients	coefficient	NOUN
ajfa-1705	321	3	measuring	measure	VERB
ajfa-1705	321	4	the	the	DET
ajfa-1705	321	5	effect	effect	NOUN
ajfa-1705	321	6	of	of	ADP
ajfa-1705	321	7	dummy	dummy	ADJ
ajfa-1705	321	8	variable	variable	NOUN
ajfa-1705	321	9	used	use	VERB
ajfa-1705	321	10	as	as	ADP
ajfa-1705	321	11	a	a	DET
ajfa-1705	321	12	proxy	proxy	NOUN
ajfa-1705	321	13	for	for	ADP
ajfa-1705	321	14	the	the	DET
ajfa-1705	321	15	good	good	ADJ
ajfa-1705	321	16	political	political	ADJ
ajfa-1705	321	17	news	news	NOUN
ajfa-1705	321	18	on	on	ADP
ajfa-1705	321	19	karachi	karachi	PROPN
ajfa-1705	321	20	stock	stock	PROPN
ajfa-1705	321	21	markets	market	NOUN
ajfa-1705	321	22	’	'	PUNCT
ajfa-1705	321	23	returns	return	NOUN
ajfa-1705	321	24	and	and	CCONJ
ajfa-1705	321	25	volatilities	volatility	NOUN
ajfa-1705	321	26	are	be	AUX
ajfa-1705	321	27	also	also	ADV
ajfa-1705	321	28	reported	report	VERB
ajfa-1705	321	29	.	.	PUNCT
ajfa-1705	322	1	significant	significant	ADJ
ajfa-1705	322	2	coefficients	coefficient	NOUN
ajfa-1705	322	3	are	be	AUX
ajfa-1705	322	4	denoted	denote	VERB
ajfa-1705	322	5	with	with	ADP
ajfa-1705	322	6	*	*	PROPN
ajfa-1705	322	7	*	*	PUNCT
ajfa-1705	322	8	*	*	NOUN
ajfa-1705	322	9	,	,	PUNCT
ajfa-1705	322	10	*	*	PUNCT
ajfa-1705	322	11	*	*	PUNCT
ajfa-1705	322	12	,	,	PUNCT
ajfa-1705	322	13	*	*	PUNCT
ajfa-1705	322	14	on	on	ADP
ajfa-1705	322	15	1	1	NUM
ajfa-1705	322	16	%	%	NOUN
ajfa-1705	322	17	,	,	PUNCT
ajfa-1705	322	18	5	5	NUM
ajfa-1705	322	19	%	%	NOUN
ajfa-1705	322	20	,	,	PUNCT
ajfa-1705	322	21	and	and	CCONJ
ajfa-1705	322	22	10	10	NUM
ajfa-1705	322	23	%	%	NOUN
ajfa-1705	322	24	significance	significance	NOUN
ajfa-1705	322	25	level	level	NOUN
ajfa-1705	322	26	respectively	respectively	ADV
ajfa-1705	322	27	.	.	PUNCT
ajfa-1705	323	1	residual	residual	ADJ
ajfa-1705	323	2	autocorrelation	autocorrelation	NOUN
ajfa-1705	323	3	coefficients	coefficient	NOUN
ajfa-1705	323	4	at	at	ADP
ajfa-1705	323	5	10th	10th	ADJ
ajfa-1705	323	6	lag	lag	NOUN
ajfa-1705	323	7	ac	ac	PROPN
ajfa-1705	323	8	(	(	PUNCT
ajfa-1705	323	9	10	10	NUM
ajfa-1705	323	10	)	)	PUNCT
ajfa-1705	323	11	for	for	ADP
ajfa-1705	323	12	both	both	CCONJ
ajfa-1705	323	13	simple	simple	ADJ
ajfa-1705	323	14	and	and	CCONJ
ajfa-1705	323	15	squared	square	VERB
ajfa-1705	323	16	standardized	standardized	ADJ
ajfa-1705	323	17	residuals	residual	NOUN
ajfa-1705	323	18	are	be	AUX
ajfa-1705	323	19	also	also	ADV
ajfa-1705	323	20	reported	report	VERB
ajfa-1705	323	21	.	.	PUNCT
ajfa-1705	324	1	table	table	NOUN
ajfa-1705	324	2	2	2	NUM
ajfa-1705	324	3	.	.	X
ajfa-1705	325	1	estimation	estimation	NOUN
ajfa-1705	325	2	results	result	NOUN
ajfa-1705	325	3	from	from	ADP
ajfa-1705	325	4	arma	arma	PROPN
ajfa-1705	325	5	egarch	egarch	PROPN
ajfa-1705	325	6	with	with	ADP
ajfa-1705	325	7	good	good	ADJ
ajfa-1705	325	8	news	news	PROPN
ajfa-1705	325	9	kse	kse	PROPN
ajfa-1705	325	10	100	100	NUM
ajfa-1705	325	11	oil	oil	NOUN
ajfa-1705	325	12	and	and	CCONJ
ajfa-1705	325	13	gas	gas	NOUN
ajfa-1705	325	14	financial	financial	ADJ
ajfa-1705	325	15	basic	basic	ADJ
ajfa-1705	325	16	material	material	NOUN
ajfa-1705	325	17	utilities	utility	NOUN
ajfa-1705	325	18	food	food	NOUN
ajfa-1705	325	19	and	and	CCONJ
ajfa-1705	325	20	beverages	beverage	NOUN
ajfa-1705	325	21	industries	industry	NOUN
ajfa-1705	325	22	health	health	PROPN
ajfa-1705	325	23	care	care	PROPN
ajfa-1705	325	24	auto	auto	NOUN
ajfa-1705	325	25	and	and	CCONJ
ajfa-1705	325	26	parts	part	NOUN
ajfa-1705	325	27	0.0007	0.0007	NUM
ajfa-1705	325	28	*	*	NOUN
ajfa-1705	325	29	*	*	NOUN
ajfa-1705	325	30	0.001	0.001	NUM
ajfa-1705	325	31	*	*	PUNCT
ajfa-1705	325	32	*	*	PUNCT
ajfa-1705	325	33	*	*	PUNCT
ajfa-1705	326	1	0.0010	0.0010	NUM
ajfa-1705	326	2	*	*	NOUN
ajfa-1705	326	3	*	*	NOUN
ajfa-1705	326	4	0.001	0.001	NUM
ajfa-1705	326	5	*	*	PUNCT
ajfa-1705	326	6	*	*	PUNCT
ajfa-1705	326	7	*	*	PUNCT
ajfa-1705	326	8	0.0008	0.0008	NUM
ajfa-1705	326	9	*	*	PROPN
ajfa-1705	326	10	*	*	NOUN
ajfa-1705	326	11	-0.000291	-0.000291	NOUN
ajfa-1705	326	12	*	*	PUNCT
ajfa-1705	326	13	-0.00068	-0.00068	PROPN
ajfa-1705	326	14	*	*	PUNCT
ajfa-1705	326	15	*	*	PUNCT
ajfa-1705	326	16	0.0005	0.0005	NUM
ajfa-1705	326	17	*	*	PUNCT
ajfa-1705	326	18	*	*	X
ajfa-1705	326	19	0.0006	0.0006	NUM
ajfa-1705	326	20	*	*	PUNCT
ajfa-1705	326	21	*	*	NOUN
ajfa-1705	326	22	1.0090	1.0090	NUM
ajfa-1705	326	23	*	*	PUNCT
ajfa-1705	326	24	*	*	PUNCT
ajfa-1705	326	25	*	*	PUNCT
ajfa-1705	326	26	0.921	0.921	NUM
ajfa-1705	326	27	*	*	PUNCT
ajfa-1705	326	28	*	*	PUNCT
ajfa-1705	326	29	*	*	PUNCT
ajfa-1705	326	30	1.069	1.069	NUM
ajfa-1705	326	31	*	*	PUNCT
ajfa-1705	326	32	*	*	PUNCT
ajfa-1705	326	33	*	*	PUNCT
ajfa-1705	326	34	0.4353	0.4353	X
ajfa-1705	326	35	*	*	X
ajfa-1705	326	36	*	*	PUNCT
ajfa-1705	326	37	0.895	0.895	NUM
ajfa-1705	326	38	*	*	PUNCT
ajfa-1705	326	39	*	*	PUNCT
ajfa-1705	326	40	*	*	PUNCT
ajfa-1705	326	41	1.0213	1.0213	NUM
ajfa-1705	326	42	*	*	PUNCT
ajfa-1705	326	43	*	*	PUNCT
ajfa-1705	326	44	*	*	PUNCT
ajfa-1705	326	45	0.9780	0.9780	NUM
ajfa-1705	326	46	*	*	PUNCT
ajfa-1705	326	47	*	*	PUNCT
ajfa-1705	326	48	*	*	PUNCT
ajfa-1705	326	49	0.281	0.281	NUM
ajfa-1705	326	50	*	*	PUNCT
ajfa-1705	326	51	*	*	PUNCT
ajfa-1705	326	52	*	*	NOUN
ajfa-1705	326	53	-0.68	-0.68	PRON
ajfa-1705	326	54	*	*	PUNCT
ajfa-1705	326	55	*	*	PUNCT
ajfa-1705	326	56	*	*	PUNCT
ajfa-1705	326	57	0.8963	0.8963	PUNCT
ajfa-1705	326	58	*	*	PUNCT
ajfa-1705	326	59	*	*	PUNCT
ajfa-1705	326	60	*	*	PUNCT
ajfa-1705	326	61	-0.86	-0.86	INTJ
ajfa-1705	326	62	*	*	PUNCT
ajfa-1705	326	63	*	*	PUNCT
ajfa-1705	326	64	*	*	PUNCT
ajfa-1705	326	65	-0.96	-0.96	PUNCT
ajfa-1705	326	66	*	*	PUNCT
ajfa-1705	326	67	*	*	PUNCT
ajfa-1705	326	68	*	*	PUNCT
ajfa-1705	326	69	-0.380	-0.380	PUNCT
ajfa-1705	326	70	*	*	PUNCT
ajfa-1705	326	71	*	*	NOUN
ajfa-1705	326	72	-0.86	-0.86	INTJ
ajfa-1705	326	73	*	*	PUNCT
ajfa-1705	326	74	*	*	NOUN
ajfa-1705	326	75	*	*	NOUN
ajfa-1705	326	76	-0.9333	-0.9333	X
ajfa-1705	326	77	*	*	PUNCT
ajfa-1705	326	78	*	*	PUNCT
ajfa-1705	326	79	*	*	PUNCT
ajfa-1705	326	80	-0.9801	-0.9801	NOUN
ajfa-1705	326	81	*	*	PUNCT
ajfa-1705	326	82	*	*	PUNCT
ajfa-1705	326	83	*	*	NOUN
ajfa-1705	326	84	-0.1771	-0.1771	NOUN
ajfa-1705	326	85	0.737	0.737	NUM
ajfa-1705	326	86	*	*	PUNCT
ajfa-1705	326	87	*	*	PUNCT
ajfa-1705	326	88	*	*	PUNCT
ajfa-1705	326	89	0.0072	0.0072	NUM
ajfa-1705	326	90	*	*	PUNCT
ajfa-1705	326	91	*	*	PUNCT
ajfa-1705	326	92	*	*	PUNCT
ajfa-1705	326	93	0.007	0.007	NUM
ajfa-1705	326	94	*	*	PUNCT
ajfa-1705	326	95	*	*	PUNCT
ajfa-1705	326	96	*	*	PUNCT
ajfa-1705	326	97	0.010	0.010	NUM
ajfa-1705	326	98	*	*	PUNCT
ajfa-1705	326	99	*	*	PUNCT
ajfa-1705	326	100	*	*	PUNCT
ajfa-1705	326	101	0.0063	0.0063	NUM
ajfa-1705	326	102	*	*	PROPN
ajfa-1705	326	103	*	*	PUNCT
ajfa-1705	326	104	0.0084	0.0084	NUM
ajfa-1705	326	105	*	*	PUNCT
ajfa-1705	326	106	*	*	PUNCT
ajfa-1705	326	107	0.00599	0.00599	NUM
ajfa-1705	326	108	*	*	PUNCT
ajfa-1705	326	109	*	*	PUNCT
ajfa-1705	326	110	0.00807	0.00807	NUM
ajfa-1705	326	111	*	*	PUNCT
ajfa-1705	326	112	*	*	NOUN
ajfa-1705	326	113	0.0038	0.0038	NUM
ajfa-1705	326	114	*	*	PUNCT
ajfa-1705	326	115	*	*	NOUN
ajfa-1705	326	116	0.0092	0.0092	NUM
ajfa-1705	326	117	*	*	PUNCT
ajfa-1705	326	118	*	*	PUNCT
ajfa-1705	326	119	0.903	0.903	NUM
ajfa-1705	326	120	*	*	PUNCT
ajfa-1705	326	121	*	*	PUNCT
ajfa-1705	326	122	*	*	PUNCT
ajfa-1705	326	123	0.87	0.87	NUM
ajfa-1705	326	124	*	*	PUNCT
ajfa-1705	326	125	*	*	PUNCT
ajfa-1705	326	126	*	*	PUNCT
ajfa-1705	326	127	1.43	1.43	NUM
ajfa-1705	326	128	*	*	PUNCT
ajfa-1705	326	129	*	*	PUNCT
ajfa-1705	326	130	*	*	PUNCT
ajfa-1705	326	131	3.56	3.56	NUM
ajfa-1705	326	132	*	*	PUNCT
ajfa-1705	326	133	*	*	PUNCT
ajfa-1705	326	134	*	*	PUNCT
ajfa-1705	326	135	0.86	0.86	NUM
ajfa-1705	326	136	*	*	PUNCT
ajfa-1705	326	137	*	*	PUNCT
ajfa-1705	326	138	*	*	NOUN
ajfa-1705	326	139	0.401	0.401	NUM
ajfa-1705	326	140	*	*	PUNCT
ajfa-1705	326	141	*	*	PUNCT
ajfa-1705	326	142	*	*	PUNCT
ajfa-1705	326	143	2.336	2.336	NUM
ajfa-1705	326	144	*	*	PUNCT
ajfa-1705	326	145	*	*	PUNCT
ajfa-1705	326	146	*	*	PUNCT
ajfa-1705	326	147	0.78	0.78	NUM
ajfa-1705	326	148	*	*	PUNCT
ajfa-1705	326	149	*	*	PUNCT
ajfa-1705	326	150	*	*	PUNCT
ajfa-1705	326	151	1.21	1.21	NUM
ajfa-1705	326	152	*	*	PUNCT
ajfa-1705	326	153	*	*	PUNCT
ajfa-1705	326	154	*	*	PUNCT
ajfa-1705	326	155	0.3058	0.3058	NUM
ajfa-1705	326	156	*	*	PUNCT
ajfa-1705	326	157	*	*	PUNCT
ajfa-1705	326	158	*	*	PUNCT
ajfa-1705	326	159	0.267	0.267	NUM
ajfa-1705	326	160	*	*	PUNCT
ajfa-1705	326	161	*	*	PUNCT
ajfa-1705	326	162	*	*	PUNCT
ajfa-1705	326	163	0.301	0.301	NUM
ajfa-1705	326	164	*	*	PUNCT
ajfa-1705	326	165	*	*	PUNCT
ajfa-1705	326	166	*	*	PUNCT
ajfa-1705	326	167	0.416	0.416	NUM
ajfa-1705	326	168	*	*	PUNCT
ajfa-1705	326	169	*	*	PUNCT
ajfa-1705	326	170	*	*	PUNCT
ajfa-1705	326	171	0.236	0.236	NUM
ajfa-1705	326	172	*	*	PUNCT
ajfa-1705	326	173	*	*	PUNCT
ajfa-1705	326	174	*	*	PUNCT
ajfa-1705	326	175	0.2372	0.2372	NUM
ajfa-1705	326	176	*	*	PUNCT
ajfa-1705	326	177	*	*	PUNCT
ajfa-1705	326	178	*	*	PUNCT
ajfa-1705	326	179	0.2952	0.2952	NUM
ajfa-1705	326	180	*	*	PUNCT
ajfa-1705	326	181	*	*	PUNCT
ajfa-1705	326	182	*	*	PUNCT
ajfa-1705	326	183	0.290	0.290	NUM
ajfa-1705	326	184	*	*	PUNCT
ajfa-1705	326	185	*	*	PUNCT
ajfa-1705	326	186	*	*	NOUN
ajfa-1705	326	187	0.265	0.265	NUM
ajfa-1705	326	188	*	*	PUNCT
ajfa-1705	326	189	*	*	PUNCT
ajfa-1705	326	190	*	*	PUNCT
ajfa-1705	326	191	0.051	0.051	NUM
ajfa-1705	326	192	*	*	PUNCT
ajfa-1705	326	193	*	*	PUNCT
ajfa-1705	326	194	*	*	PUNCT
ajfa-1705	326	195	-0.03	-0.03	NUM
ajfa-1705	326	196	*	*	PUNCT
ajfa-1705	326	197	*	*	PUNCT
ajfa-1705	326	198	*	*	PUNCT
ajfa-1705	326	199	0.08	0.08	NUM
ajfa-1705	326	200	*	*	PUNCT
ajfa-1705	326	201	*	*	PUNCT
ajfa-1705	326	202	*	*	PUNCT
ajfa-1705	326	203	-0.16	-0.16	NUM
ajfa-1705	326	204	*	*	PUNCT
ajfa-1705	326	205	*	*	PUNCT
ajfa-1705	326	206	*	*	PUNCT
ajfa-1705	326	207	0.024	0.024	NUM
ajfa-1705	326	208	*	*	NOUN
ajfa-1705	326	209	*	*	NOUN
ajfa-1705	326	210	0.034	0.034	NUM
ajfa-1705	326	211	*	*	PUNCT
ajfa-1705	326	212	*	*	PUNCT
ajfa-1705	326	213	*	*	PUNCT
ajfa-1705	326	214	0.066	0.066	NUM
ajfa-1705	326	215	*	*	PUNCT
ajfa-1705	326	216	*	*	PUNCT
ajfa-1705	326	217	*	*	PUNCT
ajfa-1705	326	218	0.021	0.021	NUM
ajfa-1705	326	219	*	*	PUNCT
ajfa-1705	326	220	*	*	PUNCT
ajfa-1705	326	221	0.003266	0.003266	NUM
ajfa-1705	326	222	0.9198	0.9198	NUM
ajfa-1705	326	223	*	*	PUNCT
ajfa-1705	326	224	*	*	PUNCT
ajfa-1705	326	225	*	*	PUNCT
ajfa-1705	326	226	0.915	0.915	NUM
ajfa-1705	326	227	*	*	PUNCT
ajfa-1705	326	228	*	*	PUNCT
ajfa-1705	326	229	*	*	PUNCT
ajfa-1705	326	230	0.847	0.847	PRON
ajfa-1705	326	231	*	*	PUNCT
ajfa-1705	326	232	*	*	PUNCT
ajfa-1705	326	233	*	*	PUNCT
ajfa-1705	326	234	0.589	0.589	NUM
ajfa-1705	326	235	*	*	PUNCT
ajfa-1705	326	236	*	*	PUNCT
ajfa-1705	326	237	*	*	PUNCT
ajfa-1705	326	238	0.908	0.908	NUM
ajfa-1705	326	239	*	*	PUNCT
ajfa-1705	326	240	*	*	PUNCT
ajfa-1705	326	241	*	*	PUNCT
ajfa-1705	326	242	0.9706	0.9706	PUNCT
ajfa-1705	326	243	*	*	PUNCT
ajfa-1705	326	244	*	*	PUNCT
ajfa-1705	326	245	*	*	PUNCT
ajfa-1705	326	246	0.7219	0.7219	NUM
ajfa-1705	326	247	*	*	PUNCT
ajfa-1705	326	248	*	*	PUNCT
ajfa-1705	326	249	*	*	PUNCT
ajfa-1705	326	250	0.930	0.930	NUM
ajfa-1705	326	251	*	*	PUNCT
ajfa-1705	326	252	*	*	PUNCT
ajfa-1705	326	253	*	*	PUNCT
ajfa-1705	326	254	0.856	0.856	NUM
ajfa-1705	326	255	*	*	PUNCT
ajfa-1705	326	256	*	*	PUNCT
ajfa-1705	326	257	*	*	PUNCT
ajfa-1705	326	258	0.11474	0.11474	NUM
ajfa-1705	326	259	*	*	NOUN
ajfa-1705	326	260	0.037254	0.037254	NUM
ajfa-1705	326	261	0.061050	0.061050	NUM
ajfa-1705	326	262	0.255	0.255	NUM
ajfa-1705	326	263	*	*	PUNCT
ajfa-1705	326	264	*	*	X
ajfa-1705	326	265	0.1102	0.1102	NUM
ajfa-1705	326	266	*	*	PUNCT
ajfa-1705	326	267	0.0981	0.0981	NUM
ajfa-1705	326	268	*	*	PUNCT
ajfa-1705	326	269	*	*	NOUN
ajfa-1705	326	270	0.215	0.215	NUM
ajfa-1705	326	271	*	*	PUNCT
ajfa-1705	326	272	*	*	PUNCT
ajfa-1705	326	273	*	*	PUNCT
ajfa-1705	326	274	0.144	0.144	NUM
ajfa-1705	326	275	*	*	PUNCT
ajfa-1705	326	276	*	*	PUNCT
ajfa-1705	326	277	0.05912	0.05912	NUM
ajfa-1705	326	278	asian	asian	ADJ
ajfa-1705	326	279	journal	journal	NOUN
ajfa-1705	326	280	of	of	ADP
ajfa-1705	326	281	finance	finance	PROPN
ajfa-1705	326	282	&	&	CCONJ
ajfa-1705	326	283	accounting	accounting	PROPN
ajfa-1705	326	284	issn	issn	PROPN
ajfa-1705	326	285	1946	1946	NUM
ajfa-1705	326	286	-	-	PUNCT
ajfa-1705	326	287	052x	052x	NOUN
ajfa-1705	326	288	2012	2012	NUM
ajfa-1705	326	289	,	,	PUNCT
ajfa-1705	326	290	vol	vol	NOUN
ajfa-1705	326	291	.	.	PROPN
ajfa-1705	326	292	4	4	NUM
ajfa-1705	326	293	,	,	PUNCT
ajfa-1705	326	294	no	no	INTJ
ajfa-1705	326	295	.	.	NOUN
ajfa-1705	326	296	1	1	NUM
ajfa-1705	326	297	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-1705	326	298	312	312	NUM
ajfa-1705	326	299	table	table	NOUN
ajfa-1705	326	300	3	3	NUM
ajfa-1705	326	301	.	.	X
ajfa-1705	326	302	estimation	estimation	NOUN
ajfa-1705	326	303	results	result	NOUN
ajfa-1705	326	304	from	from	ADP
ajfa-1705	326	305	arma	arma	PROPN
ajfa-1705	326	306	egarch	egarch	PROPN
ajfa-1705	326	307	with	with	ADP
ajfa-1705	326	308	good	good	ADJ
ajfa-1705	326	309	news	news	PROPN
ajfa-1705	326	310	kse	kse	PROPN
ajfa-1705	326	311	100	100	NUM
ajfa-1705	326	312	oil	oil	NOUN
ajfa-1705	326	313	and	and	CCONJ
ajfa-1705	326	314	gas	gas	NOUN
ajfa-1705	326	315	financial	financial	ADJ
ajfa-1705	326	316	basic	basic	ADJ
ajfa-1705	326	317	material	material	NOUN
ajfa-1705	326	318	utilities	utility	NOUN
ajfa-1705	326	319	food	food	NOUN
ajfa-1705	326	320	and	and	CCONJ
ajfa-1705	326	321	beverages	beverage	NOUN
ajfa-1705	326	322	industries	industry	NOUN
ajfa-1705	326	323	health	health	PROPN
ajfa-1705	326	324	care	care	PROPN
ajfa-1705	326	325	auto	auto	NOUN
ajfa-1705	326	326	and	and	CCONJ
ajfa-1705	326	327	parts	part	NOUN
ajfa-1705	326	328	0.0005	0.0005	NUM
ajfa-1705	326	329	*	*	NOUN
ajfa-1705	326	330	0.001	0.001	NUM
ajfa-1705	326	331	*	*	PUNCT
ajfa-1705	326	332	*	*	PUNCT
ajfa-1705	326	333	*	*	NOUN
ajfa-1705	326	334	0.001	0.001	NUM
ajfa-1705	326	335	*	*	PUNCT
ajfa-1705	326	336	*	*	PUNCT
ajfa-1705	326	337	*	*	PUNCT
ajfa-1705	326	338	0.0021	0.0021	NUM
ajfa-1705	326	339	*	*	PUNCT
ajfa-1705	326	340	*	*	PUNCT
ajfa-1705	326	341	*	*	PUNCT
ajfa-1705	326	342	0.001312	0.001312	NUM
ajfa-1705	326	343	*	*	PUNCT
ajfa-1705	326	344	*	*	PUNCT
ajfa-1705	326	345	*	*	PUNCT
ajfa-1705	326	346	0.000164	0.000164	NUM
ajfa-1705	326	347	3.98e-05	3.98e-05	NUM
ajfa-1705	326	348	0.0006	0.0006	NUM
ajfa-1705	326	349	*	*	PUNCT
ajfa-1705	326	350	*	*	PUNCT
ajfa-1705	326	351	*	*	PUNCT
ajfa-1705	326	352	0.0007	0.0007	NUM
ajfa-1705	326	353	*	*	NUM
ajfa-1705	326	354	1.030	1.030	NUM
ajfa-1705	326	355	*	*	PUNCT
ajfa-1705	326	356	*	*	PUNCT
ajfa-1705	326	357	*	*	PUNCT
ajfa-1705	326	358	0.930	0.930	NUM
ajfa-1705	326	359	*	*	PUNCT
ajfa-1705	326	360	*	*	PUNCT
ajfa-1705	326	361	*	*	PUNCT
ajfa-1705	326	362	0.969	0.969	NUM
ajfa-1705	326	363	*	*	PUNCT
ajfa-1705	326	364	*	*	PUNCT
ajfa-1705	326	365	*	*	PUNCT
ajfa-1705	326	366	0.47668	0.47668	NUM
ajfa-1705	326	367	*	*	PUNCT
ajfa-1705	326	368	*	*	NOUN
ajfa-1705	326	369	0.868454	0.868454	NUM
ajfa-1705	326	370	*	*	PUNCT
ajfa-1705	326	371	*	*	PUNCT
ajfa-1705	326	372	*	*	PUNCT
ajfa-1705	326	373	0.6183	0.6183	NUM
ajfa-1705	326	374	*	*	PUNCT
ajfa-1705	326	375	*	*	PUNCT
ajfa-1705	326	376	*	*	NOUN
ajfa-1705	326	377	0.986	0.986	NUM
ajfa-1705	326	378	*	*	PUNCT
ajfa-1705	326	379	*	*	PUNCT
ajfa-1705	326	380	*	*	PUNCT
ajfa-1705	326	381	0.59463	0.59463	NUM
ajfa-1705	326	382	*	*	PUNCT
ajfa-1705	326	383	0.93	0.93	NUM
ajfa-1705	326	384	*	*	PUNCT
ajfa-1705	326	385	*	*	PUNCT
ajfa-1705	326	386	*	*	PUNCT
ajfa-1705	326	387	-0.908	-0.908	PUNCT
ajfa-1705	326	388	*	*	PUNCT
ajfa-1705	326	389	*	*	PUNCT
ajfa-1705	326	390	*	*	PUNCT
ajfa-1705	326	391	0.87	0.87	NUM
ajfa-1705	326	392	*	*	PUNCT
ajfa-1705	326	393	*	*	PUNCT
ajfa-1705	326	394	*	*	PUNCT
ajfa-1705	326	395	0.86	0.86	NUM
ajfa-1705	326	396	*	*	PUNCT
ajfa-1705	326	397	*	*	PUNCT
ajfa-1705	326	398	*	*	PUNCT
ajfa-1705	326	399	0.422269	0.422269	NUM
ajfa-1705	326	400	*	*	PUNCT
ajfa-1705	326	401	*	*	PUNCT
ajfa-1705	326	402	*	*	PUNCT
ajfa-1705	326	403	0.8455	0.8455	NUM
ajfa-1705	326	404	*	*	PUNCT
ajfa-1705	326	405	*	*	PUNCT
ajfa-1705	326	406	*	*	PUNCT
ajfa-1705	326	407	0.707817	0.707817	NUM
ajfa-1705	326	408	*	*	PUNCT
ajfa-1705	326	409	*	*	PUNCT
ajfa-1705	326	410	*	*	PUNCT
ajfa-1705	326	411	0.9840	0.9840	NUM
ajfa-1705	326	412	*	*	PUNCT
ajfa-1705	326	413	*	*	PUNCT
ajfa-1705	326	414	*	*	PUNCT
ajfa-1705	326	415	0.70063	0.70063	NUM
ajfa-1705	326	416	*	*	PUNCT
ajfa-1705	326	417	*	*	PUNCT
ajfa-1705	326	418	0.994	0.994	NUM
ajfa-1705	326	419	*	*	PUNCT
ajfa-1705	326	420	*	*	PUNCT
ajfa-1705	326	421	*	*	PUNCT
ajfa-1705	326	422	0.011	0.011	NUM
ajfa-1705	326	423	*	*	PUNCT
ajfa-1705	326	424	*	*	PUNCT
ajfa-1705	326	425	*	*	PUNCT
ajfa-1705	326	426	0.01	0.01	NUM
ajfa-1705	326	427	*	*	PUNCT
ajfa-1705	326	428	*	*	PUNCT
ajfa-1705	326	429	*	*	PUNCT
ajfa-1705	326	430	0.01	0.01	NUM
ajfa-1705	326	431	*	*	PUNCT
ajfa-1705	326	432	*	*	PUNCT
ajfa-1705	326	433	*	*	PUNCT
ajfa-1705	326	434	0.014795	0.014795	NUM
ajfa-1705	326	435	*	*	PUNCT
ajfa-1705	326	436	*	*	PUNCT
ajfa-1705	326	437	*	*	PUNCT
ajfa-1705	326	438	0.0120	0.0120	NUM
ajfa-1705	326	439	*	*	PUNCT
ajfa-1705	326	440	*	*	PUNCT
ajfa-1705	326	441	*	*	PUNCT
ajfa-1705	326	442	0.0091	0.0091	NUM
ajfa-1705	326	443	*	*	PUNCT
ajfa-1705	326	444	*	*	PUNCT
ajfa-1705	326	445	*	*	PUNCT
ajfa-1705	326	446	0.0067	0.0067	NUM
ajfa-1705	326	447	*	*	PUNCT
ajfa-1705	326	448	*	*	PUNCT
ajfa-1705	326	449	0.000942	0.000942	NUM
ajfa-1705	326	450	0.01	0.01	NUM
ajfa-1705	326	451	*	*	PUNCT
ajfa-1705	326	452	*	*	PUNCT
ajfa-1705	326	453	*	*	PUNCT
ajfa-1705	326	454	0.942	0.942	NUM
ajfa-1705	326	455	*	*	PUNCT
ajfa-1705	326	456	*	*	PUNCT
ajfa-1705	326	457	*	*	PUNCT
ajfa-1705	326	458	0.89	0.89	NUM
ajfa-1705	326	459	*	*	PUNCT
ajfa-1705	326	460	*	*	PUNCT
ajfa-1705	326	461	*	*	PUNCT
ajfa-1705	326	462	1.56	1.56	NUM
ajfa-1705	326	463	*	*	PUNCT
ajfa-1705	326	464	*	*	PUNCT
ajfa-1705	326	465	*	*	PUNCT
ajfa-1705	326	466	3.719236	3.719236	NUM
ajfa-1705	326	467	*	*	PUNCT
ajfa-1705	326	468	*	*	PUNCT
ajfa-1705	326	469	*	*	PUNCT
ajfa-1705	326	470	0.8751	0.8751	NUM
ajfa-1705	326	471	*	*	PUNCT
ajfa-1705	326	472	*	*	PUNCT
ajfa-1705	326	473	*	*	PUNCT
ajfa-1705	326	474	0.4059	0.4059	PUNCT
ajfa-1705	326	475	*	*	PUNCT
ajfa-1705	326	476	*	*	PUNCT
ajfa-1705	326	477	*	*	PUNCT
ajfa-1705	326	478	1.767	1.767	NUM
ajfa-1705	326	479	*	*	PUNCT
ajfa-1705	326	480	*	*	PUNCT
ajfa-1705	326	481	*	*	PUNCT
ajfa-1705	326	482	0.800	0.800	NUM
ajfa-1705	326	483	*	*	PUNCT
ajfa-1705	326	484	*	*	PUNCT
ajfa-1705	326	485	*	*	PUNCT
ajfa-1705	326	486	1.37	1.37	NUM
ajfa-1705	326	487	*	*	PUNCT
ajfa-1705	326	488	*	*	PUNCT
ajfa-1705	326	489	*	*	PUNCT
ajfa-1705	326	490	0.3107	0.3107	PUNCT
ajfa-1705	326	491	*	*	PUNCT
ajfa-1705	326	492	*	*	PUNCT
ajfa-1705	326	493	*	*	PUNCT
ajfa-1705	326	494	0.271	0.271	NUM
ajfa-1705	326	495	*	*	PUNCT
ajfa-1705	326	496	*	*	PUNCT
ajfa-1705	326	497	*	*	PUNCT
ajfa-1705	326	498	0.321	0.321	NUM
ajfa-1705	326	499	*	*	PUNCT
ajfa-1705	326	500	*	*	PUNCT
ajfa-1705	326	501	*	*	PUNCT
ajfa-1705	326	502	0.432867	0.432867	PUNCT
ajfa-1705	326	503	*	*	PUNCT
ajfa-1705	326	504	*	*	PUNCT
ajfa-1705	326	505	*	*	PUNCT
ajfa-1705	326	506	0.237518	0.237518	NUM
ajfa-1705	326	507	*	*	PUNCT
ajfa-1705	326	508	*	*	PUNCT
ajfa-1705	326	509	*	*	PUNCT
ajfa-1705	326	510	0.233812	0.233812	NUM
ajfa-1705	326	511	*	*	PUNCT
ajfa-1705	326	512	*	*	PUNCT
ajfa-1705	326	513	*	*	PUNCT
ajfa-1705	326	514	0.2542	0.2542	NUM
ajfa-1705	326	515	*	*	PUNCT
ajfa-1705	326	516	*	*	PUNCT
ajfa-1705	326	517	*	*	PUNCT
ajfa-1705	326	518	0.2938	0.2938	NUM
ajfa-1705	326	519	*	*	PUNCT
ajfa-1705	326	520	*	*	PUNCT
ajfa-1705	326	521	*	*	PUNCT
ajfa-1705	326	522	0.280	0.280	NUM
ajfa-1705	326	523	*	*	PUNCT
ajfa-1705	326	524	*	*	PUNCT
ajfa-1705	326	525	*	*	PUNCT
ajfa-1705	326	526	0.054	0.054	NUM
ajfa-1705	326	527	*	*	PUNCT
ajfa-1705	326	528	*	*	PUNCT
ajfa-1705	326	529	*	*	PUNCT
ajfa-1705	326	530	0.03	0.03	NUM
ajfa-1705	326	531	*	*	PUNCT
ajfa-1705	326	532	*	*	PUNCT
ajfa-1705	326	533	*	*	PUNCT
ajfa-1705	326	534	0.08	0.08	NUM
ajfa-1705	326	535	*	*	PUNCT
ajfa-1705	326	536	*	*	PUNCT
ajfa-1705	326	537	*	*	PUNCT
ajfa-1705	326	538	0.175501	0.175501	NUM
ajfa-1705	326	539	*	*	PUNCT
ajfa-1705	326	540	*	*	PUNCT
ajfa-1705	326	541	*	*	PUNCT
ajfa-1705	326	542	0.0258	0.0258	NUM
ajfa-1705	326	543	*	*	PUNCT
ajfa-1705	326	544	*	*	PUNCT
ajfa-1705	326	545	*	*	PUNCT
ajfa-1705	326	546	0.0343	0.0343	NUM
ajfa-1705	326	547	*	*	PUNCT
ajfa-1705	326	548	*	*	PUNCT
ajfa-1705	326	549	*	*	PUNCT
ajfa-1705	326	550	0.055	0.055	NUM
ajfa-1705	326	551	*	*	PUNCT
ajfa-1705	326	552	*	*	PUNCT
ajfa-1705	326	553	*	*	PUNCT
ajfa-1705	326	554	0.0228	0.0228	NUM
ajfa-1705	326	555	*	*	X
ajfa-1705	326	556	*	*	PUNCT
ajfa-1705	326	557	0.003696	0.003696	NUM
ajfa-1705	326	558	0.9165	0.9165	NUM
ajfa-1705	326	559	*	*	PUNCT
ajfa-1705	326	560	*	*	PUNCT
ajfa-1705	326	561	*	*	NOUN
ajfa-1705	326	562	0.914	0.914	NUM
ajfa-1705	326	563	*	*	PUNCT
ajfa-1705	326	564	*	*	PUNCT
ajfa-1705	326	565	*	*	PUNCT
ajfa-1705	326	566	0.833	0.833	NUM
ajfa-1705	326	567	*	*	PUNCT
ajfa-1705	326	568	*	*	PUNCT
ajfa-1705	326	569	*	*	PUNCT
ajfa-1705	326	570	0.573164	0.573164	NUM
ajfa-1705	326	571	*	*	PUNCT
ajfa-1705	326	572	*	*	PUNCT
ajfa-1705	326	573	*	*	PUNCT
ajfa-1705	326	574	0.907792	0.907792	NUM
ajfa-1705	326	575	*	*	PUNCT
ajfa-1705	326	576	*	*	PUNCT
ajfa-1705	326	577	*	*	PUNCT
ajfa-1705	326	578	0.970159	0.970159	NUM
ajfa-1705	326	579	*	*	PUNCT
ajfa-1705	326	580	*	*	PUNCT
ajfa-1705	326	581	*	*	PUNCT
ajfa-1705	326	582	0.7924	0.7924	NUM
ajfa-1705	326	583	*	*	PUNCT
ajfa-1705	326	584	*	*	PUNCT
ajfa-1705	326	585	*	*	PUNCT
ajfa-1705	326	586	0.9293	0.9293	NUM
ajfa-1705	326	587	*	*	PUNCT
ajfa-1705	326	588	*	*	PUNCT
ajfa-1705	326	589	*	*	PUNCT
ajfa-1705	326	590	0.836	0.836	NUM
ajfa-1705	326	591	*	*	PUNCT
ajfa-1705	326	592	*	*	PUNCT
ajfa-1705	326	593	*	*	PUNCT
ajfa-1705	326	594	0.2578	0.2578	NUM
ajfa-1705	326	595	*	*	PUNCT
ajfa-1705	326	596	*	*	PUNCT
ajfa-1705	326	597	*	*	PUNCT
ajfa-1705	326	598	0.1051	0.1051	NUM
ajfa-1705	326	599	*	*	X
ajfa-1705	326	600	*	*	X
ajfa-1705	326	601	0.492	0.492	NUM
ajfa-1705	326	602	*	*	PUNCT
ajfa-1705	326	603	*	*	PUNCT
ajfa-1705	326	604	*	*	PUNCT
ajfa-1705	326	605	0.600746	0.600746	NUM
ajfa-1705	326	606	*	*	PUNCT
ajfa-1705	326	607	*	*	PUNCT
ajfa-1705	326	608	*	*	PUNCT
ajfa-1705	326	609	0.079643	0.079643	NUM
ajfa-1705	326	610	*	*	NOUN
ajfa-1705	326	611	0.078952	0.078952	NUM
ajfa-1705	326	612	*	*	NUM
ajfa-1705	326	613	0.039800	0.039800	NUM
ajfa-1705	326	614	0.018243	0.018243	NUM
ajfa-1705	326	615	0.11452	0.11452	NUM
ajfa-1705	326	616	*	*	PUNCT
ajfa-1705	326	617	ac	ac	PROPN
ajfa-1705	326	618	(	(	PUNCT
ajfa-1705	326	619	10	10	NUM
ajfa-1705	326	620	)	)	PUNCT
ajfa-1705	326	621	residual	residual	ADJ
ajfa-1705	326	622	0.020	0.020	NUM
ajfa-1705	326	623	0.016	0.016	NUM
ajfa-1705	326	624	0.013	0.013	NUM
ajfa-1705	326	625	0.032	0.032	NUM
ajfa-1705	326	626	0.029	0.029	NUM
ajfa-1705	326	627	0.021	0.021	NUM
ajfa-1705	326	628	0.015	0.015	NUM
ajfa-1705	326	629	0.057	0.057	NUM
ajfa-1705	326	630	0.046	0.046	NUM
ajfa-1705	326	631	ac	ac	PROPN
ajfa-1705	326	632	(	(	PUNCT
ajfa-1705	326	633	10	10	NUM
ajfa-1705	326	634	)	)	PUNCT
ajfa-1705	326	635	squared	square	VERB
ajfa-1705	326	636	residual	residual	ADJ
ajfa-1705	326	637	0.005	0.005	NUM
ajfa-1705	326	638	0.003	0.003	NUM
ajfa-1705	326	639	0.006	0.006	NUM
ajfa-1705	326	640	0.001	0.001	NUM
ajfa-1705	326	641	0.020	0.020	NUM
ajfa-1705	326	642	0.009	0.009	NUM
ajfa-1705	326	643	0.002	0.002	NUM
ajfa-1705	326	644	0.005	0.005	NUM
ajfa-1705	326	645	0.004	0.004	NUM
ajfa-1705	326	646	notes	note	NOUN
ajfa-1705	326	647	:	:	PUNCT
ajfa-1705	326	648	this	this	DET
ajfa-1705	326	649	table	table	NOUN
ajfa-1705	326	650	reports	report	VERB
ajfa-1705	326	651	the	the	DET
ajfa-1705	326	652	estimates	estimate	NOUN
ajfa-1705	326	653	from	from	ADP
ajfa-1705	326	654	the	the	DET
ajfa-1705	326	655	following	follow	VERB
ajfa-1705	326	656	arma	arma	PROPN
ajfa-1705	326	657	egarch	egarch	PROPN
ajfa-1705	326	658	model	model	PROPN
ajfa-1705	326	659	:	:	PUNCT
ajfa-1705	326	660	rkse	rkse	NOUN
ajfa-1705	326	661	,	,	PUNCT
ajfa-1705	326	662	rkse	rkse	NOUN
ajfa-1705	326	663	,	,	PUNCT
ajfa-1705	326	664	θ	θ	PROPN
ajfa-1705	326	665	εkse	εkse	NOUN
ajfa-1705	326	666	,	,	PUNCT
ajfa-1705	326	667	dummy	dummy	ADJ
ajfa-1705	326	668	εkse	εkse	NOUN
ajfa-1705	326	669	,	,	PUNCT
ajfa-1705	326	670	log	log	VERB
ajfa-1705	326	671	,	,	PUNCT
ajfa-1705	326	672	,	,	PUNCT
ajfa-1705	326	673	,	,	PUNCT
ajfa-1705	326	674	log	log	VERB
ajfa-1705	326	675	,	,	PUNCT
ajfa-1705	326	676	we	we	PRON
ajfa-1705	326	677	report	report	VERB
ajfa-1705	326	678	the	the	DET
ajfa-1705	326	679	estimates	estimate	NOUN
ajfa-1705	326	680	for	for	ADP
ajfa-1705	326	681	arma	arma	PROPN
ajfa-1705	326	682	egarch	egarch	PROPN
ajfa-1705	326	683	return	return	NOUN
ajfa-1705	326	684	and	and	CCONJ
ajfa-1705	326	685	volatility	volatility	NOUN
ajfa-1705	326	686	for	for	ADP
ajfa-1705	326	687	kse	kse	NOUN
ajfa-1705	326	688	100	100	NUM
ajfa-1705	326	689	index	index	NOUN
ajfa-1705	326	690	and	and	CCONJ
ajfa-1705	326	691	other	other	ADJ
ajfa-1705	326	692	selected	select	VERB
ajfa-1705	326	693	indexes	index	NOUN
ajfa-1705	326	694	.	.	PUNCT
ajfa-1705	327	1	the	the	DET
ajfa-1705	327	2	coefficients	coefficient	NOUN
ajfa-1705	327	3	measuring	measure	VERB
ajfa-1705	327	4	the	the	DET
ajfa-1705	327	5	effect	effect	NOUN
ajfa-1705	327	6	of	of	ADP
ajfa-1705	327	7	dummy	dummy	ADJ
ajfa-1705	327	8	variable	variable	NOUN
ajfa-1705	327	9	used	use	VERB
ajfa-1705	327	10	as	as	ADP
ajfa-1705	327	11	a	a	DET
ajfa-1705	327	12	proxy	proxy	NOUN
ajfa-1705	327	13	for	for	ADP
ajfa-1705	327	14	the	the	DET
ajfa-1705	327	15	bad	bad	ADJ
ajfa-1705	327	16	political	political	ADJ
ajfa-1705	327	17	news	news	NOUN
ajfa-1705	327	18	on	on	ADP
ajfa-1705	327	19	karachi	karachi	PROPN
ajfa-1705	327	20	stock	stock	PROPN
ajfa-1705	327	21	markets	market	NOUN
ajfa-1705	327	22	’	'	PUNCT
ajfa-1705	327	23	returns	return	NOUN
ajfa-1705	327	24	and	and	CCONJ
ajfa-1705	327	25	volatilities	volatility	NOUN
ajfa-1705	327	26	are	be	AUX
ajfa-1705	327	27	also	also	ADV
ajfa-1705	327	28	reported	report	VERB
ajfa-1705	327	29	.	.	PUNCT
ajfa-1705	328	1	significant	significant	ADJ
ajfa-1705	328	2	coefficients	coefficient	NOUN
ajfa-1705	328	3	are	be	AUX
ajfa-1705	328	4	denoted	denote	VERB
ajfa-1705	328	5	with	with	ADP
ajfa-1705	328	6	*	*	PROPN
ajfa-1705	328	7	*	*	PUNCT
ajfa-1705	328	8	*	*	NOUN
ajfa-1705	328	9	,	,	PUNCT
ajfa-1705	328	10	*	*	PUNCT
ajfa-1705	328	11	*	*	PUNCT
ajfa-1705	328	12	,	,	PUNCT
ajfa-1705	328	13	*	*	PUNCT
ajfa-1705	328	14	on	on	ADP
ajfa-1705	328	15	1	1	NUM
ajfa-1705	328	16	%	%	NOUN
ajfa-1705	328	17	,	,	PUNCT
ajfa-1705	328	18	5	5	NUM
ajfa-1705	328	19	%	%	NOUN
ajfa-1705	328	20	,	,	PUNCT
ajfa-1705	328	21	and	and	CCONJ
ajfa-1705	328	22	10	10	NUM
ajfa-1705	328	23	%	%	NOUN
ajfa-1705	328	24	significance	significance	NOUN
ajfa-1705	328	25	level	level	NOUN
ajfa-1705	328	26	respectively	respectively	ADV
ajfa-1705	328	27	.	.	PUNCT
ajfa-1705	329	1	residual	residual	ADJ
ajfa-1705	329	2	autocorrelation	autocorrelation	NOUN
ajfa-1705	329	3	coefficients	coefficient	NOUN
ajfa-1705	329	4	at	at	ADP
ajfa-1705	329	5	10th	10th	ADJ
ajfa-1705	329	6	lag	lag	NOUN
ajfa-1705	329	7	ac	ac	PROPN
ajfa-1705	329	8	(	(	PUNCT
ajfa-1705	329	9	10	10	NUM
ajfa-1705	329	10	)	)	PUNCT
ajfa-1705	329	11	for	for	ADP
ajfa-1705	329	12	both	both	CCONJ
ajfa-1705	329	13	simple	simple	ADJ
ajfa-1705	329	14	and	and	CCONJ
ajfa-1705	329	15	squared	square	VERB
ajfa-1705	329	16	standardized	standardized	ADJ
ajfa-1705	329	17	residuals	residual	NOUN
ajfa-1705	329	18	are	be	AUX
ajfa-1705	329	19	also	also	ADV
ajfa-1705	329	20	reported	report	VERB
ajfa-1705	329	21	.	.	PUNCT