id	sid	tid	token	lemma	pos
ajfa-17310	1	1	microsoft	microsoft	PROPN
ajfa-17310	1	2	word	word	NOUN
ajfa-17310	1	3	17310	17310	NUM
ajfa-17310	1	4	-	-	PUNCT
ajfa-17310	1	5	61417	61417	NUM
ajfa-17310	1	6	-	-	PUNCT
ajfa-17310	1	7	1	1	NUM
ajfa-17310	1	8	-	-	PUNCT
ajfa-17310	1	9	sm	sm	NOUN
ajfa-17310	1	10	(	(	PUNCT
ajfa-17310	1	11	1)-writer2	1)-writer2	NUM
ajfa-17310	1	12	-	-	PUNCT
ajfa-17310	1	13	new	new	ADJ
ajfa-17310	1	14	asian	asian	ADJ
ajfa-17310	1	15	journal	journal	NOUN
ajfa-17310	1	16	of	of	ADP
ajfa-17310	1	17	finance	finance	PROPN
ajfa-17310	1	18	&	&	CCONJ
ajfa-17310	1	19	accounting	accounting	PROPN
ajfa-17310	1	20	issn	issn	PROPN
ajfa-17310	1	21	1946	1946	NUM
ajfa-17310	1	22	-	-	PUNCT
ajfa-17310	1	23	052x	052x	NOUN
ajfa-17310	1	24	2020	2020	NUM
ajfa-17310	1	25	,	,	PUNCT
ajfa-17310	1	26	vol	vol	NOUN
ajfa-17310	1	27	.	.	PROPN
ajfa-17310	1	28	12	12	NUM
ajfa-17310	1	29	,	,	PUNCT
ajfa-17310	1	30	no	no	INTJ
ajfa-17310	1	31	.	.	NOUN
ajfa-17310	1	32	2	2	NUM
ajfa-17310	1	33	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	1	34	1	1	NUM
ajfa-17310	1	35	operating	operate	VERB
ajfa-17310	1	36	cash	cash	NOUN
ajfa-17310	1	37	flow	flow	NOUN
ajfa-17310	1	38	and	and	CCONJ
ajfa-17310	1	39	dividend	dividend	NOUN
ajfa-17310	1	40	changes	change	NOUN
ajfa-17310	1	41	as	as	ADP
ajfa-17310	1	42	a	a	DET
ajfa-17310	1	43	management	management	NOUN
ajfa-17310	1	44	tool	tool	NOUN
ajfa-17310	1	45	for	for	ADP
ajfa-17310	1	46	planning	planning	NOUN
ajfa-17310	1	47	and	and	CCONJ
ajfa-17310	1	48	making	make	VERB
ajfa-17310	1	49	decision	decision	NOUN
ajfa-17310	1	50	associate	associate	NOUN
ajfa-17310	1	51	professor	professor	NOUN
ajfa-17310	1	52	faris	faris	PROPN
ajfa-17310	1	53	alqadi	alqadi	PROPN
ajfa-17310	1	54	accounting	accounting	PROPN
ajfa-17310	1	55	department	department	PROPN
ajfa-17310	1	56	,	,	PUNCT
ajfa-17310	1	57	jarash	jarash	PROPN
ajfa-17310	1	58	university	university	PROPN
ajfa-17310	1	59	tel	tel	PROPN
ajfa-17310	1	60	:	:	PUNCT
ajfa-17310	1	61	96	96	NUM
ajfa-17310	1	62	-	-	SYM
ajfa-17310	1	63	27	27	NUM
ajfa-17310	1	64	-	-	PUNCT
ajfa-17310	1	65	9639	9639	NUM
ajfa-17310	1	66	-	-	SYM
ajfa-17310	1	67	9989	9989	NUM
ajfa-17310	1	68	e	e	NOUN
ajfa-17310	1	69	-	-	NOUN
ajfa-17310	1	70	mail	mail	NOUN
ajfa-17310	1	71	:	:	PUNCT
ajfa-17310	1	72	faris.1965@hotmail.com	faris.1965@hotmail.com	PROPN
ajfa-17310	1	73	received	receive	VERB
ajfa-17310	1	74	:	:	PUNCT
ajfa-17310	1	75	june	june	PROPN
ajfa-17310	1	76	5	5	NUM
ajfa-17310	1	77	,	,	PUNCT
ajfa-17310	1	78	2020	2020	NUM
ajfa-17310	1	79	accepted	accept	VERB
ajfa-17310	1	80	:	:	PUNCT
ajfa-17310	1	81	july	july	PROPN
ajfa-17310	1	82	27	27	NUM
ajfa-17310	1	83	,	,	PUNCT
ajfa-17310	1	84	2020	2020	NUM
ajfa-17310	1	85	published	publish	VERB
ajfa-17310	1	86	:	:	PUNCT
ajfa-17310	1	87	december	december	PROPN
ajfa-17310	1	88	1	1	NUM
ajfa-17310	1	89	,	,	PUNCT
ajfa-17310	1	90	2020	2020	NUM
ajfa-17310	1	91	doi:10.5296	doi:10.5296	NOUN
ajfa-17310	1	92	/	/	SYM
ajfa-17310	1	93	ajfa.v12i2.17310	ajfa.v12i2.17310	PROPN
ajfa-17310	1	94	url	url	PROPN
ajfa-17310	1	95	:	:	PUNCT
ajfa-17310	1	96	https://doi.org/10.5296/ajfa.v12i2.17310	https://doi.org/10.5296/ajfa.v12i2.17310	X
ajfa-17310	1	97	abstract	abstract	VERB
ajfa-17310	1	98	the	the	DET
ajfa-17310	1	99	main	main	ADJ
ajfa-17310	1	100	objective	objective	NOUN
ajfa-17310	1	101	of	of	ADP
ajfa-17310	1	102	this	this	DET
ajfa-17310	1	103	study	study	NOUN
ajfa-17310	1	104	was	be	AUX
ajfa-17310	1	105	to	to	PART
ajfa-17310	1	106	examine	examine	VERB
ajfa-17310	1	107	whether	whether	SCONJ
ajfa-17310	1	108	operating	operate	VERB
ajfa-17310	1	109	cash	cash	NOUN
ajfa-17310	1	110	flows	flow	NOUN
ajfa-17310	1	111	have	have	VERB
ajfa-17310	1	112	incremental	incremental	ADJ
ajfa-17310	1	113	information	information	NOUN
ajfa-17310	1	114	beyond	beyond	ADP
ajfa-17310	1	115	operating	operate	VERB
ajfa-17310	1	116	net	net	ADJ
ajfa-17310	1	117	income	income	NOUN
ajfa-17310	1	118	in	in	ADP
ajfa-17310	1	119	explaining	explain	VERB
ajfa-17310	1	120	dividend	dividend	NOUN
ajfa-17310	1	121	changes	change	NOUN
ajfa-17310	1	122	for	for	ADP
ajfa-17310	1	123	a	a	DET
ajfa-17310	1	124	sample	sample	NOUN
ajfa-17310	1	125	of	of	ADP
ajfa-17310	1	126	jordanian	jordanian	ADJ
ajfa-17310	1	127	industrial	industrial	ADJ
ajfa-17310	1	128	firms	firm	NOUN
ajfa-17310	1	129	listed	list	VERB
ajfa-17310	1	130	on	on	ADP
ajfa-17310	1	131	the	the	DET
ajfa-17310	1	132	amman	amman	PROPN
ajfa-17310	1	133	stock	stock	PROPN
ajfa-17310	1	134	exchange	exchange	PROPN
ajfa-17310	1	135	(	(	PUNCT
ajfa-17310	1	136	ase	ase	NOUN
ajfa-17310	1	137	)	)	PUNCT
ajfa-17310	1	138	during	during	ADP
ajfa-17310	1	139	the	the	DET
ajfa-17310	1	140	period	period	NOUN
ajfa-17310	1	141	2010	2010	NUM
ajfa-17310	1	142	-	-	SYM
ajfa-17310	1	143	2016	2016	NUM
ajfa-17310	1	144	arguments	argument	NOUN
ajfa-17310	1	145	for	for	ADP
ajfa-17310	1	146	operating	operate	VERB
ajfa-17310	1	147	cash	cash	NOUN
ajfa-17310	1	148	flow	flow	NOUN
ajfa-17310	1	149	information	information	NOUN
ajfa-17310	1	150	suggest	suggest	VERB
ajfa-17310	1	151	that	that	SCONJ
ajfa-17310	1	152	it	it	PRON
ajfa-17310	1	153	is	be	AUX
ajfa-17310	1	154	better	well	ADJ
ajfa-17310	1	155	than	than	ADP
ajfa-17310	1	156	accrual	accrual	ADJ
ajfa-17310	1	157	net	net	ADJ
ajfa-17310	1	158	income	income	NOUN
ajfa-17310	1	159	in	in	ADP
ajfa-17310	1	160	reflecting	reflect	VERB
ajfa-17310	1	161	the	the	DET
ajfa-17310	1	162	firm	firm	ADJ
ajfa-17310	1	163	performance	performance	NOUN
ajfa-17310	1	164	and	and	CCONJ
ajfa-17310	1	165	in	in	ADP
ajfa-17310	1	166	measuring	measure	VERB
ajfa-17310	1	167	the	the	DET
ajfa-17310	1	168	firm	firm	ADJ
ajfa-17310	1	169	liquidity	liquidity	NOUN
ajfa-17310	1	170	.	.	PUNCT
ajfa-17310	2	1	both	both	DET
ajfa-17310	2	2	performance	performance	NOUN
ajfa-17310	2	3	and	and	CCONJ
ajfa-17310	2	4	liquidity	liquidity	NOUN
ajfa-17310	2	5	are	be	AUX
ajfa-17310	2	6	viewed	view	VERB
ajfa-17310	2	7	as	as	ADP
ajfa-17310	2	8	significant	significant	ADJ
ajfa-17310	2	9	factors	factor	NOUN
ajfa-17310	2	10	influencing	influence	VERB
ajfa-17310	2	11	a	a	DET
ajfa-17310	2	12	firm	firm	NOUN
ajfa-17310	2	13	’s	’s	PART
ajfa-17310	2	14	dividend	dividend	NOUN
ajfa-17310	2	15	policy	policy	NOUN
ajfa-17310	2	16	.	.	PUNCT
ajfa-17310	3	1	to	to	PART
ajfa-17310	3	2	examine	examine	VERB
ajfa-17310	3	3	this	this	PRON
ajfa-17310	3	4	,	,	PUNCT
ajfa-17310	3	5	operating	operate	VERB
ajfa-17310	3	6	cash	cash	NOUN
ajfa-17310	3	7	flow	flow	NOUN
ajfa-17310	3	8	,	,	PUNCT
ajfa-17310	3	9	operating	operate	VERB
ajfa-17310	3	10	net	net	ADJ
ajfa-17310	3	11	income	income	NOUN
ajfa-17310	3	12	and	and	CCONJ
ajfa-17310	3	13	lagged	lag	VERB
ajfa-17310	3	14	dividends	dividend	NOUN
ajfa-17310	3	15	were	be	AUX
ajfa-17310	3	16	incorporated	incorporate	VERB
ajfa-17310	3	17	in	in	ADP
ajfa-17310	3	18	a	a	DET
ajfa-17310	3	19	regression	regression	NOUN
ajfa-17310	3	20	model	model	NOUN
ajfa-17310	3	21	.	.	PUNCT
ajfa-17310	4	1	the	the	DET
ajfa-17310	4	2	results	result	NOUN
ajfa-17310	4	3	of	of	ADP
ajfa-17310	4	4	this	this	DET
ajfa-17310	4	5	model	model	NOUN
ajfa-17310	4	6	indicated	indicate	VERB
ajfa-17310	4	7	that	that	SCONJ
ajfa-17310	4	8	the	the	DET
ajfa-17310	4	9	only	only	ADJ
ajfa-17310	4	10	significant	significant	ADJ
ajfa-17310	4	11	variables	variable	NOUN
ajfa-17310	4	12	explaining	explain	VERB
ajfa-17310	4	13	dividend	dividend	NOUN
ajfa-17310	4	14	changes	change	NOUN
ajfa-17310	4	15	were	be	AUX
ajfa-17310	4	16	operating	operate	VERB
ajfa-17310	4	17	net	net	ADJ
ajfa-17310	4	18	income	income	NOUN
ajfa-17310	4	19	and	and	CCONJ
ajfa-17310	4	20	lagged	lag	VERB
ajfa-17310	4	21	dividends	dividend	NOUN
ajfa-17310	4	22	with	with	ADP
ajfa-17310	4	23	positive	positive	ADJ
ajfa-17310	4	24	and	and	CCONJ
ajfa-17310	4	25	negative	negative	ADJ
ajfa-17310	4	26	coefficients	coefficient	NOUN
ajfa-17310	4	27	,	,	PUNCT
ajfa-17310	4	28	respectively	respectively	ADV
ajfa-17310	4	29	.	.	PUNCT
ajfa-17310	5	1	an	an	DET
ajfa-17310	5	2	attempt	attempt	NOUN
ajfa-17310	5	3	was	be	AUX
ajfa-17310	5	4	also	also	ADV
ajfa-17310	5	5	made	make	VERB
ajfa-17310	5	6	to	to	PART
ajfa-17310	5	7	address	address	VERB
ajfa-17310	5	8	the	the	DET
ajfa-17310	5	9	problem	problem	NOUN
ajfa-17310	5	10	of	of	ADP
ajfa-17310	5	11	nonlinearity	nonlinearity	NOUN
ajfa-17310	5	12	in	in	ADP
ajfa-17310	5	13	the	the	DET
ajfa-17310	5	14	relationship	relationship	NOUN
ajfa-17310	5	15	between	between	ADP
ajfa-17310	5	16	cash	cash	NOUN
ajfa-17310	5	17	flow	flow	NOUN
ajfa-17310	5	18	and	and	CCONJ
ajfa-17310	5	19	dividend	dividend	NOUN
ajfa-17310	5	20	changes	change	NOUN
ajfa-17310	5	21	.	.	PUNCT
ajfa-17310	6	1	the	the	DET
ajfa-17310	6	2	sample	sample	NOUN
ajfa-17310	6	3	of	of	ADP
ajfa-17310	6	4	the	the	DET
ajfa-17310	6	5	industrial	industrial	ADJ
ajfa-17310	6	6	firms	firm	NOUN
ajfa-17310	6	7	were	be	AUX
ajfa-17310	6	8	divided	divide	VERB
ajfa-17310	6	9	into	into	ADP
ajfa-17310	6	10	two	two	NUM
ajfa-17310	6	11	groups	group	NOUN
ajfa-17310	6	12	(	(	PUNCT
ajfa-17310	6	13	high	high	ADJ
ajfa-17310	6	14	growth	growth	NOUN
ajfa-17310	6	15	and	and	CCONJ
ajfa-17310	6	16	low	low	ADJ
ajfa-17310	6	17	growth	growth	NOUN
ajfa-17310	6	18	firms	firm	NOUN
ajfa-17310	6	19	)	)	PUNCT
ajfa-17310	6	20	based	base	VERB
ajfa-17310	6	21	on	on	ADP
ajfa-17310	6	22	market	market	NOUN
ajfa-17310	6	23	to	to	ADP
ajfa-17310	6	24	book	book	NOUN
ajfa-17310	6	25	value	value	NOUN
ajfa-17310	6	26	ratio	ratio	NOUN
ajfa-17310	6	27	.	.	PUNCT
ajfa-17310	7	1	the	the	DET
ajfa-17310	7	2	results	result	NOUN
ajfa-17310	7	3	of	of	ADP
ajfa-17310	7	4	the	the	DET
ajfa-17310	7	5	two	two	NUM
ajfa-17310	7	6	regression	regression	NOUN
ajfa-17310	7	7	models	model	NOUN
ajfa-17310	7	8	provided	provide	VERB
ajfa-17310	7	9	evidence	evidence	NOUN
ajfa-17310	7	10	consistent	consistent	ADJ
ajfa-17310	7	11	with	with	ADP
ajfa-17310	7	12	the	the	DET
ajfa-17310	7	13	superiority	superiority	NOUN
ajfa-17310	7	14	of	of	ADP
ajfa-17310	7	15	accrual	accrual	ADJ
ajfa-17310	7	16	operating	operate	VERB
ajfa-17310	7	17	net	net	ADJ
ajfa-17310	7	18	income	income	NOUN
ajfa-17310	7	19	over	over	ADP
ajfa-17310	7	20	operating	operate	VERB
ajfa-17310	7	21	cash	cash	NOUN
ajfa-17310	7	22	flow	flow	NOUN
ajfa-17310	7	23	in	in	ADP
ajfa-17310	7	24	explaining	explain	VERB
ajfa-17310	7	25	dividend	dividend	NOUN
ajfa-17310	7	26	changes	change	NOUN
ajfa-17310	7	27	.	.	PUNCT
ajfa-17310	8	1	the	the	DET
ajfa-17310	8	2	results	result	NOUN
ajfa-17310	8	3	of	of	ADP
ajfa-17310	8	4	this	this	DET
ajfa-17310	8	5	study	study	NOUN
ajfa-17310	8	6	suggest	suggest	VERB
ajfa-17310	8	7	that	that	SCONJ
ajfa-17310	8	8	jordanian	jordanian	ADJ
ajfa-17310	8	9	industrial	industrial	ADJ
ajfa-17310	8	10	firms	firm	NOUN
ajfa-17310	8	11	base	base	VERB
ajfa-17310	8	12	their	their	PRON
ajfa-17310	8	13	dividend	dividend	NOUN
ajfa-17310	8	14	policies	policy	NOUN
ajfa-17310	8	15	on	on	ADP
ajfa-17310	8	16	accrual	accrual	ADJ
ajfa-17310	8	17	net	net	ADJ
ajfa-17310	8	18	income	income	NOUN
ajfa-17310	8	19	rather	rather	ADV
ajfa-17310	8	20	than	than	ADP
ajfa-17310	8	21	on	on	ADP
ajfa-17310	8	22	cash	cash	NOUN
ajfa-17310	8	23	flows	flow	NOUN
ajfa-17310	8	24	.	.	PUNCT
ajfa-17310	9	1	one	one	NUM
ajfa-17310	9	2	possible	possible	ADJ
ajfa-17310	9	3	consequence	consequence	NOUN
ajfa-17310	9	4	of	of	ADP
ajfa-17310	9	5	this	this	DET
ajfa-17310	9	6	suggestion	suggestion	NOUN
ajfa-17310	9	7	is	be	AUX
ajfa-17310	9	8	that	that	SCONJ
ajfa-17310	9	9	cash	cash	NOUN
ajfa-17310	9	10	dividends	dividend	NOUN
ajfa-17310	9	11	are	be	AUX
ajfa-17310	9	12	not	not	PART
ajfa-17310	9	13	internally	internally	ADV
ajfa-17310	9	14	financed	finance	VERB
ajfa-17310	9	15	and	and	CCONJ
ajfa-17310	9	16	as	as	ADP
ajfa-17310	9	17	a	a	DET
ajfa-17310	9	18	result	result	NOUN
ajfa-17310	9	19	,	,	PUNCT
ajfa-17310	9	20	this	this	PRON
ajfa-17310	9	21	would	would	AUX
ajfa-17310	9	22	deteriorate	deteriorate	VERB
ajfa-17310	9	23	the	the	DET
ajfa-17310	9	24	liquidity	liquidity	NOUN
ajfa-17310	9	25	and	and	CCONJ
ajfa-17310	9	26	solvency	solvency	NOUN
ajfa-17310	9	27	position	position	NOUN
ajfa-17310	9	28	of	of	ADP
ajfa-17310	9	29	a	a	DET
ajfa-17310	9	30	firm	firm	NOUN
ajfa-17310	9	31	.	.	PUNCT
ajfa-17310	10	1	keywords	keyword	NOUN
ajfa-17310	10	2	:	:	PUNCT
ajfa-17310	10	3	operating	operate	VERB
ajfa-17310	10	4	cash	cash	NOUN
ajfa-17310	10	5	flow	flow	NOUN
ajfa-17310	10	6	,	,	PUNCT
ajfa-17310	10	7	dividend	dividend	NOUN
ajfa-17310	10	8	changes	change	NOUN
ajfa-17310	10	9	,	,	PUNCT
ajfa-17310	10	10	operating	operate	VERB
ajfa-17310	10	11	net	net	ADJ
ajfa-17310	10	12	income	income	NOUN
ajfa-17310	10	13	,	,	PUNCT
ajfa-17310	10	14	amman	amman	PROPN
ajfa-17310	10	15	stock	stock	PROPN
ajfa-17310	10	16	exchange	exchange	PROPN
ajfa-17310	10	17	(	(	PUNCT
ajfa-17310	10	18	ase	ase	NOUN
ajfa-17310	10	19	)	)	PUNCT
ajfa-17310	10	20	asian	asian	ADJ
ajfa-17310	10	21	journal	journal	NOUN
ajfa-17310	10	22	of	of	ADP
ajfa-17310	10	23	finance	finance	PROPN
ajfa-17310	10	24	&	&	CCONJ
ajfa-17310	10	25	accounting	accounting	PROPN
ajfa-17310	10	26	issn	issn	PROPN
ajfa-17310	10	27	1946	1946	NUM
ajfa-17310	10	28	-	-	PUNCT
ajfa-17310	10	29	052x	052x	NOUN
ajfa-17310	10	30	2020	2020	NUM
ajfa-17310	10	31	,	,	PUNCT
ajfa-17310	10	32	vol	vol	NOUN
ajfa-17310	10	33	.	.	PROPN
ajfa-17310	10	34	12	12	NUM
ajfa-17310	10	35	,	,	PUNCT
ajfa-17310	10	36	no	no	INTJ
ajfa-17310	10	37	.	.	NOUN
ajfa-17310	10	38	2	2	NUM
ajfa-17310	10	39	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	10	40	2	2	NUM
ajfa-17310	10	41	introduction	introduction	NOUN
ajfa-17310	10	42	interest	interest	NOUN
ajfa-17310	10	43	in	in	ADP
ajfa-17310	10	44	cash	cash	NOUN
ajfa-17310	10	45	flow	flow	NOUN
ajfa-17310	10	46	reporting	reporting	NOUN
ajfa-17310	10	47	has	have	AUX
ajfa-17310	10	48	increased	increase	VERB
ajfa-17310	10	49	in	in	ADP
ajfa-17310	10	50	recent	recent	ADJ
ajfa-17310	10	51	years	year	NOUN
ajfa-17310	10	52	.	.	PUNCT
ajfa-17310	11	1	realizing	realize	VERB
ajfa-17310	11	2	the	the	DET
ajfa-17310	11	3	usefulness	usefulness	NOUN
ajfa-17310	11	4	of	of	ADP
ajfa-17310	11	5	cash	cash	NOUN
ajfa-17310	11	6	flow	flow	NOUN
ajfa-17310	11	7	information	information	NOUN
ajfa-17310	11	8	,	,	PUNCT
ajfa-17310	11	9	regulatory	regulatory	ADJ
ajfa-17310	11	10	bodies	body	NOUN
ajfa-17310	11	11	in	in	ADP
ajfa-17310	11	12	most	most	ADJ
ajfa-17310	11	13	countries	country	NOUN
ajfa-17310	11	14	,	,	PUNCT
ajfa-17310	11	15	including	include	VERB
ajfa-17310	11	16	jordan	jordan	PROPN
ajfa-17310	11	17	,	,	PUNCT
ajfa-17310	11	18	and	and	CCONJ
ajfa-17310	11	19	the	the	DET
ajfa-17310	11	20	international	international	ADJ
ajfa-17310	11	21	accounting	accounting	NOUN
ajfa-17310	11	22	standards	standards	PROPN
ajfa-17310	11	23	committee	committee	PROPN
ajfa-17310	11	24	(	(	PUNCT
ajfa-17310	11	25	iasc	iasc	PROPN
ajfa-17310	11	26	)	)	PUNCT
ajfa-17310	11	27	require	require	VERB
ajfa-17310	11	28	companies	company	NOUN
ajfa-17310	11	29	to	to	PART
ajfa-17310	11	30	prepare	prepare	VERB
ajfa-17310	11	31	a	a	DET
ajfa-17310	11	32	statement	statement	NOUN
ajfa-17310	11	33	of	of	ADP
ajfa-17310	11	34	cash	cash	NOUN
ajfa-17310	11	35	flows	flow	NOUN
ajfa-17310	11	36	as	as	ADP
ajfa-17310	11	37	part	part	NOUN
ajfa-17310	11	38	of	of	ADP
ajfa-17310	11	39	their	their	PRON
ajfa-17310	11	40	reporting	reporting	NOUN
ajfa-17310	11	41	system	system	NOUN
ajfa-17310	11	42	.	.	PUNCT
ajfa-17310	12	1	several	several	ADJ
ajfa-17310	12	2	studies	study	NOUN
ajfa-17310	12	3	have	have	AUX
ajfa-17310	12	4	attempted	attempt	VERB
ajfa-17310	12	5	to	to	PART
ajfa-17310	12	6	compare	compare	VERB
ajfa-17310	12	7	the	the	DET
ajfa-17310	12	8	usefulness	usefulness	NOUN
ajfa-17310	12	9	of	of	ADP
ajfa-17310	12	10	cash	cash	NOUN
ajfa-17310	12	11	flow	flow	NOUN
ajfa-17310	12	12	information	information	NOUN
ajfa-17310	12	13	with	with	ADP
ajfa-17310	12	14	that	that	PRON
ajfa-17310	12	15	of	of	ADP
ajfa-17310	12	16	accrual	accrual	ADJ
ajfa-17310	12	17	income	income	NOUN
ajfa-17310	12	18	.	.	PUNCT
ajfa-17310	13	1	for	for	ADP
ajfa-17310	13	2	example	example	NOUN
ajfa-17310	13	3	,	,	PUNCT
ajfa-17310	13	4	dechow	dechow	ADV
ajfa-17310	13	5	found	find	VERB
ajfa-17310	13	6	that	that	SCONJ
ajfa-17310	13	7	accrual	accrual	ADJ
ajfa-17310	13	8	income	income	NOUN
ajfa-17310	13	9	was	be	AUX
ajfa-17310	13	10	more	more	ADV
ajfa-17310	13	11	closely	closely	ADV
ajfa-17310	13	12	related	relate	VERB
ajfa-17310	13	13	to	to	ADP
ajfa-17310	13	14	firm	firm	ADJ
ajfa-17310	13	15	performance	performance	NOUN
ajfa-17310	13	16	(	(	PUNCT
ajfa-17310	13	17	as	as	SCONJ
ajfa-17310	13	18	reflected	reflect	VERB
ajfa-17310	13	19	in	in	ADP
ajfa-17310	13	20	stock	stock	NOUN
ajfa-17310	13	21	returns	return	NOUN
ajfa-17310	13	22	)	)	PUNCT
ajfa-17310	13	23	than	than	ADP
ajfa-17310	13	24	cash	cash	NOUN
ajfa-17310	13	25	flow	flow	NOUN
ajfa-17310	13	26	from	from	ADP
ajfa-17310	13	27	operations	operation	NOUN
ajfa-17310	13	28	.	.	PUNCT
ajfa-17310	14	1	on	on	ADP
ajfa-17310	14	2	the	the	DET
ajfa-17310	14	3	other	other	ADJ
ajfa-17310	14	4	hand	hand	NOUN
ajfa-17310	14	5	,	,	PUNCT
ajfa-17310	14	6	sloanfound	sloanfound	VERB
ajfa-17310	14	7	that	that	SCONJ
ajfa-17310	14	8	the	the	DET
ajfa-17310	14	9	levels	level	NOUN
ajfa-17310	14	10	of	of	ADP
ajfa-17310	14	11	cash	cash	NOUN
ajfa-17310	14	12	flow	flow	NOUN
ajfa-17310	14	13	achieved	achieve	VERB
ajfa-17310	14	14	are	be	AUX
ajfa-17310	14	15	more	more	ADV
ajfa-17310	14	16	likely	likely	ADJ
ajfa-17310	14	17	to	to	PART
ajfa-17310	14	18	continue	continue	VERB
ajfa-17310	14	19	in	in	ADP
ajfa-17310	14	20	the	the	DET
ajfa-17310	14	21	future	future	NOUN
ajfa-17310	14	22	,	,	PUNCT
ajfa-17310	14	23	while	while	SCONJ
ajfa-17310	14	24	the	the	DET
ajfa-17310	14	25	accrual	accrual	ADJ
ajfa-17310	14	26	components	component	NOUN
ajfa-17310	14	27	of	of	ADP
ajfa-17310	14	28	income	income	NOUN
ajfa-17310	14	29	are	be	AUX
ajfa-17310	14	30	temporary	temporary	ADJ
ajfa-17310	14	31	and	and	CCONJ
ajfa-17310	14	32	likely	likely	ADJ
ajfa-17310	14	33	to	to	PART
ajfa-17310	14	34	be	be	AUX
ajfa-17310	14	35	reversed	reverse	VERB
ajfa-17310	14	36	.	.	PUNCT
ajfa-17310	15	1	in	in	ADP
ajfa-17310	15	2	addition	addition	NOUN
ajfa-17310	15	3	,	,	PUNCT
ajfa-17310	15	4	several	several	ADJ
ajfa-17310	15	5	studies	study	NOUN
ajfa-17310	15	6	linked	link	VERB
ajfa-17310	15	7	cash	cash	NOUN
ajfa-17310	15	8	flow	flow	NOUN
ajfa-17310	15	9	information	information	NOUN
ajfa-17310	15	10	with	with	ADP
ajfa-17310	15	11	dividends	dividend	NOUN
ajfa-17310	15	12	.	.	PUNCT
ajfa-17310	16	1	they	they	PRON
ajfa-17310	16	2	assume	assume	VERB
ajfa-17310	16	3	that	that	SCONJ
ajfa-17310	16	4	cash	cash	NOUN
ajfa-17310	16	5	flows	flow	NOUN
ajfa-17310	16	6	have	have	VERB
ajfa-17310	16	7	superiority	superiority	NOUN
ajfa-17310	16	8	over	over	ADP
ajfa-17310	16	9	accrual	accrual	ADJ
ajfa-17310	16	10	income	income	NOUN
ajfa-17310	16	11	in	in	ADP
ajfa-17310	16	12	explaining	explain	VERB
ajfa-17310	16	13	dividend	dividend	NOUN
ajfa-17310	16	14	changes	change	NOUN
ajfa-17310	16	15	.	.	PUNCT
ajfa-17310	17	1	two	two	NUM
ajfa-17310	17	2	possible	possible	ADJ
ajfa-17310	17	3	explanations	explanation	NOUN
ajfa-17310	17	4	are	be	AUX
ajfa-17310	17	5	provided	provide	VERB
ajfa-17310	17	6	to	to	PART
ajfa-17310	17	7	support	support	VERB
ajfa-17310	17	8	this	this	DET
ajfa-17310	17	9	superiority	superiority	NOUN
ajfa-17310	17	10	.	.	PUNCT
ajfa-17310	18	1	first	first	ADV
ajfa-17310	18	2	,	,	PUNCT
ajfa-17310	18	3	the	the	DET
ajfa-17310	18	4	amount	amount	NOUN
ajfa-17310	18	5	and	and	CCONJ
ajfa-17310	18	6	timing	timing	NOUN
ajfa-17310	18	7	of	of	ADP
ajfa-17310	18	8	net	net	ADJ
ajfa-17310	18	9	income	income	NOUN
ajfa-17310	18	10	is	be	AUX
ajfa-17310	18	11	subject	subject	ADJ
ajfa-17310	18	12	to	to	ADP
ajfa-17310	18	13	management	management	NOUN
ajfa-17310	18	14	discretion	discretion	NOUN
ajfa-17310	18	15	and	and	CCONJ
ajfa-17310	18	16	manipulation	manipulation	NOUN
ajfa-17310	18	17	,	,	PUNCT
ajfa-17310	18	18	and	and	CCONJ
ajfa-17310	18	19	is	be	AUX
ajfa-17310	18	20	also	also	ADV
ajfa-17310	18	21	based	base	VERB
ajfa-17310	18	22	on	on	ADP
ajfa-17310	18	23	estimates	estimate	NOUN
ajfa-17310	18	24	that	that	SCONJ
ajfa-17310	18	25	change	change	VERB
ajfa-17310	18	26	over	over	ADP
ajfa-17310	18	27	time	time	NOUN
ajfa-17310	18	28	.	.	PUNCT
ajfa-17310	19	1	for	for	ADP
ajfa-17310	19	2	instance	instance	NOUN
ajfa-17310	19	3	,	,	PUNCT
ajfa-17310	19	4	management	management	NOUN
ajfa-17310	19	5	may	may	AUX
ajfa-17310	19	6	overstate	overstate	VERB
ajfa-17310	19	7	accrual	accrual	ADJ
ajfa-17310	19	8	income	income	NOUN
ajfa-17310	19	9	to	to	PART
ajfa-17310	19	10	increase	increase	VERB
ajfa-17310	19	11	their	their	PRON
ajfa-17310	19	12	compensations	compensation	NOUN
ajfa-17310	19	13	or	or	CCONJ
ajfa-17310	19	14	to	to	PART
ajfa-17310	19	15	satisfy	satisfy	VERB
ajfa-17310	19	16	debt	debt	NOUN
ajfa-17310	19	17	covenants	covenant	NOUN
ajfa-17310	19	18	.	.	PUNCT
ajfa-17310	20	1	thus	thus	ADV
ajfa-17310	20	2	,	,	PUNCT
ajfa-17310	20	3	if	if	SCONJ
ajfa-17310	20	4	a	a	DET
ajfa-17310	20	5	firm	firm	NOUN
ajfa-17310	20	6	’s	’s	PART
ajfa-17310	20	7	dividend	dividend	NOUN
ajfa-17310	20	8	policy	policy	NOUN
ajfa-17310	20	9	is	be	AUX
ajfa-17310	20	10	assumed	assume	VERB
ajfa-17310	20	11	to	to	PART
ajfa-17310	20	12	reflect	reflect	VERB
ajfa-17310	20	13	the	the	DET
ajfa-17310	20	14	firm	firm	NOUN
ajfa-17310	20	15	’s	’s	PART
ajfa-17310	20	16	performance	performance	NOUN
ajfa-17310	20	17	,	,	PUNCT
ajfa-17310	20	18	cash	cash	NOUN
ajfa-17310	20	19	flow	flow	NOUN
ajfa-17310	20	20	components	component	NOUN
ajfa-17310	20	21	of	of	ADP
ajfa-17310	20	22	income	income	NOUN
ajfa-17310	20	23	could	could	AUX
ajfa-17310	20	24	be	be	AUX
ajfa-17310	20	25	a	a	DET
ajfa-17310	20	26	better	well	ADJ
ajfa-17310	20	27	indicator	indicator	NOUN
ajfa-17310	20	28	of	of	ADP
ajfa-17310	20	29	a	a	DET
ajfa-17310	20	30	firm	firm	NOUN
ajfa-17310	20	31	’s	’s	PART
ajfa-17310	20	32	performance	performance	NOUN
ajfa-17310	20	33	than	than	ADP
ajfa-17310	20	34	accrual	accrual	ADJ
ajfa-17310	20	35	components	component	NOUN
ajfa-17310	20	36	,	,	PUNCT
ajfa-17310	20	37	and	and	CCONJ
ajfa-17310	20	38	as	as	ADP
ajfa-17310	20	39	a	a	DET
ajfa-17310	20	40	result	result	NOUN
ajfa-17310	20	41	,	,	PUNCT
ajfa-17310	20	42	a	a	DET
ajfa-17310	20	43	better	well	ADJ
ajfa-17310	20	44	predictor	predictor	NOUN
ajfa-17310	20	45	of	of	ADP
ajfa-17310	20	46	a	a	DET
ajfa-17310	20	47	firm	firm	NOUN
ajfa-17310	20	48	’s	’s	PART
ajfa-17310	20	49	dividend	dividend	NOUN
ajfa-17310	20	50	changes	change	NOUN
ajfa-17310	20	51	.	.	PUNCT
ajfa-17310	21	1	second	second	ADJ
ajfa-17310	21	2	,	,	PUNCT
ajfa-17310	21	3	compared	compare	VERB
ajfa-17310	21	4	with	with	ADP
ajfa-17310	21	5	accrual	accrual	ADJ
ajfa-17310	21	6	income	income	NOUN
ajfa-17310	21	7	,	,	PUNCT
ajfa-17310	21	8	cash	cash	NOUN
ajfa-17310	21	9	flow	flow	NOUN
ajfa-17310	21	10	is	be	AUX
ajfa-17310	21	11	a	a	DET
ajfa-17310	21	12	more	more	ADV
ajfa-17310	21	13	direct	direct	ADJ
ajfa-17310	21	14	measure	measure	NOUN
ajfa-17310	21	15	of	of	ADP
ajfa-17310	21	16	liquidity	liquidity	NOUN
ajfa-17310	21	17	.	.	PUNCT
ajfa-17310	22	1	liquidity	liquidity	NOUN
ajfa-17310	22	2	is	be	AUX
ajfa-17310	22	3	considered	consider	VERB
ajfa-17310	22	4	an	an	DET
ajfa-17310	22	5	important	important	ADJ
ajfa-17310	22	6	determinant	determinant	NOUN
ajfa-17310	22	7	of	of	ADP
ajfa-17310	22	8	a	a	DET
ajfa-17310	22	9	firm	firm	NOUN
ajfa-17310	22	10	’s	’s	PART
ajfa-17310	22	11	dividend	dividend	NOUN
ajfa-17310	22	12	policy	policy	NOUN
ajfa-17310	22	13	.	.	PUNCT
ajfa-17310	23	1	statement	statement	NOUN
ajfa-17310	23	2	of	of	ADP
ajfa-17310	23	3	the	the	DET
ajfa-17310	23	4	problem	problem	NOUN
ajfa-17310	23	5	the	the	DET
ajfa-17310	23	6	main	main	ADJ
ajfa-17310	23	7	objectives	objective	NOUN
ajfa-17310	23	8	of	of	ADP
ajfa-17310	23	9	this	this	DET
ajfa-17310	23	10	study	study	NOUN
ajfa-17310	23	11	is	be	AUX
ajfa-17310	23	12	to	to	PART
ajfa-17310	23	13	examine	examine	VERB
ajfa-17310	23	14	whether	whether	SCONJ
ajfa-17310	23	15	operating	operate	VERB
ajfa-17310	23	16	cash	cash	NOUN
ajfa-17310	23	17	flows	flow	NOUN
ajfa-17310	23	18	have	have	VERB
ajfa-17310	23	19	incremental	incremental	ADJ
ajfa-17310	23	20	information	information	NOUN
ajfa-17310	23	21	beyond	beyond	ADP
ajfa-17310	23	22	operating	operate	VERB
ajfa-17310	23	23	net	net	ADJ
ajfa-17310	23	24	income	income	NOUN
ajfa-17310	23	25	in	in	ADP
ajfa-17310	23	26	explaining	explain	VERB
ajfa-17310	23	27	dividend	dividend	NOUN
ajfa-17310	23	28	changes	change	NOUN
ajfa-17310	23	29	.	.	PUNCT
ajfa-17310	24	1	specifically	specifically	ADV
ajfa-17310	24	2	,	,	PUNCT
ajfa-17310	24	3	this	this	DET
ajfa-17310	24	4	study	study	NOUN
ajfa-17310	24	5	examines	examine	VERB
ajfa-17310	24	6	the	the	DET
ajfa-17310	24	7	impact	impact	NOUN
ajfa-17310	24	8	of	of	ADP
ajfa-17310	24	9	operating	operate	VERB
ajfa-17310	24	10	cash	cash	NOUN
ajfa-17310	24	11	flow	flow	NOUN
ajfa-17310	24	12	,	,	PUNCT
ajfa-17310	24	13	given	give	VERB
ajfa-17310	24	14	net	net	ADJ
ajfa-17310	24	15	income	income	NOUN
ajfa-17310	24	16	,	,	PUNCT
ajfa-17310	24	17	on	on	ADP
ajfa-17310	24	18	the	the	DET
ajfa-17310	24	19	dividend	dividend	NOUN
ajfa-17310	24	20	changes	change	NOUN
ajfa-17310	24	21	of	of	ADP
ajfa-17310	24	22	a	a	DET
ajfa-17310	24	23	sample	sample	NOUN
ajfa-17310	24	24	of	of	ADP
ajfa-17310	24	25	42	42	NUM
ajfa-17310	24	26	jordanian	jordanian	ADJ
ajfa-17310	24	27	industrial	industrial	ADJ
ajfa-17310	24	28	companies	company	NOUN
ajfa-17310	24	29	listed	list	VERB
ajfa-17310	24	30	on	on	ADP
ajfa-17310	24	31	the	the	DET
ajfa-17310	24	32	amman	amman	PROPN
ajfa-17310	24	33	stock	stock	PROPN
ajfa-17310	24	34	exchange	exchange	PROPN
ajfa-17310	24	35	(	(	PUNCT
ajfa-17310	24	36	ase	ase	NOUN
ajfa-17310	24	37	)	)	PUNCT
ajfa-17310	24	38	during	during	ADP
ajfa-17310	24	39	the	the	DET
ajfa-17310	24	40	period	period	NOUN
ajfa-17310	24	41	2010	2010	NUM
ajfa-17310	24	42	-	-	SYM
ajfa-17310	24	43	2016	2016	NUM
ajfa-17310	24	44	.	.	PUNCT
ajfa-17310	25	1	in	in	ADP
ajfa-17310	25	2	addition	addition	NOUN
ajfa-17310	25	3	,	,	PUNCT
ajfa-17310	25	4	the	the	DET
ajfa-17310	25	5	study	study	NOUN
ajfa-17310	25	6	will	will	AUX
ajfa-17310	25	7	attempt	attempt	VERB
ajfa-17310	25	8	to	to	PART
ajfa-17310	25	9	address	address	VERB
ajfa-17310	25	10	the	the	DET
ajfa-17310	25	11	problem	problem	NOUN
ajfa-17310	25	12	of	of	ADP
ajfa-17310	25	13	nonlinearity	nonlinearity	NOUN
ajfa-17310	25	14	in	in	ADP
ajfa-17310	25	15	the	the	DET
ajfa-17310	25	16	relationship	relationship	NOUN
ajfa-17310	25	17	between	between	ADP
ajfa-17310	25	18	cash	cash	NOUN
ajfa-17310	25	19	flows	flow	NOUN
ajfa-17310	25	20	and	and	CCONJ
ajfa-17310	25	21	dividend	dividend	NOUN
ajfa-17310	25	22	changes	change	NOUN
ajfa-17310	25	23	depends	depend	VERB
ajfa-17310	25	24	on	on	ADP
ajfa-17310	25	25	each	each	DET
ajfa-17310	25	26	firm	firm	NOUN
ajfa-17310	25	27	’s	’s	PART
ajfa-17310	25	28	growth	growth	NOUN
ajfa-17310	25	29	opportunities	opportunity	NOUN
ajfa-17310	25	30	.	.	PUNCT
ajfa-17310	26	1	we	we	PRON
ajfa-17310	26	2	hypothesize	hypothesize	VERB
ajfa-17310	26	3	that	that	SCONJ
ajfa-17310	26	4	high	high	ADJ
ajfa-17310	26	5	growth	growth	NOUN
ajfa-17310	26	6	firms	firm	NOUN
ajfa-17310	26	7	are	be	AUX
ajfa-17310	26	8	expected	expect	VERB
ajfa-17310	26	9	to	to	PART
ajfa-17310	26	10	have	have	VERB
ajfa-17310	26	11	a	a	DET
ajfa-17310	26	12	lower	low	ADJ
ajfa-17310	26	13	cash	cash	NOUN
ajfa-17310	26	14	flowdividend	flowdividend	NOUN
ajfa-17310	26	15	relations	relation	NOUN
ajfa-17310	26	16	ship	ship	NOUN
ajfa-17310	26	17	than	than	ADP
ajfa-17310	26	18	that	that	PRON
ajfa-17310	26	19	for	for	ADP
ajfa-17310	26	20	low	low	ADJ
ajfa-17310	26	21	growth	growth	NOUN
ajfa-17310	26	22	firms	firm	NOUN
ajfa-17310	26	23	.	.	PUNCT
ajfa-17310	27	1	although	although	SCONJ
ajfa-17310	27	2	previous	previous	ADJ
ajfa-17310	27	3	research	research	NOUN
ajfa-17310	27	4	has	have	AUX
ajfa-17310	27	5	examined	examine	VERB
ajfa-17310	27	6	similar	similar	ADJ
ajfa-17310	27	7	questions	question	NOUN
ajfa-17310	27	8	to	to	ADP
ajfa-17310	27	9	the	the	DET
ajfa-17310	27	10	ones	one	NOUN
ajfa-17310	27	11	addressed	address	VERB
ajfa-17310	27	12	by	by	ADP
ajfa-17310	27	13	the	the	DET
ajfa-17310	27	14	current	current	ADJ
ajfa-17310	27	15	study	study	NOUN
ajfa-17310	27	16	,	,	PUNCT
ajfa-17310	27	17	no	no	DET
ajfa-17310	27	18	prior	prior	ADJ
ajfa-17310	27	19	study	study	NOUN
ajfa-17310	27	20	,	,	PUNCT
ajfa-17310	27	21	as	as	ADV
ajfa-17310	27	22	far	far	ADV
ajfa-17310	27	23	as	as	SCONJ
ajfa-17310	27	24	this	this	DET
ajfa-17310	27	25	author	author	NOUN
ajfa-17310	27	26	is	be	AUX
ajfa-17310	27	27	aware	aware	ADJ
ajfa-17310	27	28	,	,	PUNCT
ajfa-17310	27	29	has	have	AUX
ajfa-17310	27	30	investigated	investigate	VERB
ajfa-17310	27	31	them	they	PRON
ajfa-17310	27	32	in	in	ADP
ajfa-17310	27	33	jordan	jordan	PROPN
ajfa-17310	27	34	.	.	PUNCT
ajfa-17310	28	1	thus	thus	ADV
ajfa-17310	28	2	,	,	PUNCT
ajfa-17310	28	3	the	the	DET
ajfa-17310	28	4	current	current	ADJ
ajfa-17310	28	5	study	study	NOUN
ajfa-17310	28	6	is	be	AUX
ajfa-17310	28	7	expected	expect	VERB
ajfa-17310	28	8	to	to	PART
ajfa-17310	28	9	enhance	enhance	VERB
ajfa-17310	28	10	our	our	PRON
ajfa-17310	28	11	understanding	understanding	NOUN
ajfa-17310	28	12	of	of	ADP
ajfa-17310	28	13	the	the	DET
ajfa-17310	28	14	importance	importance	NOUN
ajfa-17310	28	15	given	give	VERB
ajfa-17310	28	16	by	by	ADP
ajfa-17310	28	17	the	the	DET
ajfa-17310	28	18	management	management	NOUN
ajfa-17310	28	19	of	of	ADP
ajfa-17310	28	20	jordanian	jordanian	ADJ
ajfa-17310	28	21	industrial	industrial	ADJ
ajfa-17310	28	22	firms	firm	NOUN
ajfa-17310	28	23	to	to	ADP
ajfa-17310	28	24	operating	operate	VERB
ajfa-17310	28	25	cash	cash	NOUN
ajfa-17310	28	26	flows	flow	NOUN
ajfa-17310	28	27	and	and	CCONJ
ajfa-17310	28	28	operating	operate	VERB
ajfa-17310	28	29	net	net	ADJ
ajfa-17310	28	30	income	income	NOUN
ajfa-17310	28	31	in	in	ADP
ajfa-17310	28	32	setting	set	VERB
ajfa-17310	28	33	their	their	PRON
ajfa-17310	28	34	dividend	dividend	NOUN
ajfa-17310	28	35	policies	policy	NOUN
ajfa-17310	28	36	.	.	PUNCT
ajfa-17310	29	1	advocates	advocate	NOUN
ajfa-17310	29	2	of	of	ADP
ajfa-17310	29	3	cash	cash	NOUN
ajfa-17310	29	4	flow	flow	NOUN
ajfa-17310	29	5	reporting	reporting	NOUN
ajfa-17310	29	6	argue	argue	VERB
ajfa-17310	29	7	that	that	SCONJ
ajfa-17310	29	8	basing	base	VERB
ajfa-17310	29	9	dividends	dividend	NOUN
ajfa-17310	29	10	on	on	ADP
ajfa-17310	29	11	accrual	accrual	ADJ
ajfa-17310	29	12	net	net	ADJ
ajfa-17310	29	13	income	income	NOUN
ajfa-17310	29	14	rather	rather	ADV
ajfa-17310	29	15	than	than	ADP
ajfa-17310	29	16	on	on	ADP
ajfa-17310	29	17	cash	cash	NOUN
ajfa-17310	29	18	flows	flow	NOUN
ajfa-17310	29	19	would	would	AUX
ajfa-17310	29	20	result	result	VERB
ajfa-17310	29	21	in	in	ADP
ajfa-17310	29	22	paying	pay	VERB
ajfa-17310	29	23	cash	cash	NOUN
ajfa-17310	29	24	dividends	dividend	NOUN
ajfa-17310	29	25	that	that	PRON
ajfa-17310	29	26	are	be	AUX
ajfa-17310	29	27	not	not	PART
ajfa-17310	29	28	internally	internally	ADV
ajfa-17310	29	29	financed	finance	VERB
ajfa-17310	29	30	.	.	PUNCT
ajfa-17310	30	1	consequently	consequently	ADV
ajfa-17310	30	2	,	,	PUNCT
ajfa-17310	30	3	this	this	PRON
ajfa-17310	30	4	would	would	AUX
ajfa-17310	30	5	deteriorate	deteriorate	VERB
ajfa-17310	30	6	both	both	DET
ajfa-17310	30	7	the	the	DET
ajfa-17310	30	8	liquidity	liquidity	NOUN
ajfa-17310	30	9	and	and	CCONJ
ajfa-17310	30	10	solvency	solvency	NOUN
ajfa-17310	30	11	position	position	NOUN
ajfa-17310	30	12	of	of	ADP
ajfa-17310	30	13	a	a	DET
ajfa-17310	30	14	firm	firm	NOUN
ajfa-17310	30	15	.	.	PUNCT
ajfa-17310	31	1	the	the	DET
ajfa-17310	31	2	remaining	remain	VERB
ajfa-17310	31	3	part	part	NOUN
ajfa-17310	31	4	of	of	ADP
ajfa-17310	31	5	this	this	DET
ajfa-17310	31	6	study	study	NOUN
ajfa-17310	31	7	is	be	AUX
ajfa-17310	31	8	organized	organize	VERB
ajfa-17310	31	9	as	as	SCONJ
ajfa-17310	31	10	follows	follow	VERB
ajfa-17310	31	11	.	.	PUNCT
ajfa-17310	32	1	the	the	DET
ajfa-17310	32	2	following	follow	VERB
ajfa-17310	32	3	section	section	NOUN
ajfa-17310	32	4	provides	provide	VERB
ajfa-17310	32	5	a	a	DET
ajfa-17310	32	6	review	review	NOUN
ajfa-17310	32	7	of	of	ADP
ajfa-17310	32	8	related	related	ADJ
ajfa-17310	32	9	literature	literature	NOUN
ajfa-17310	32	10	.	.	PUNCT
ajfa-17310	33	1	section	section	NOUN
ajfa-17310	33	2	5	5	NUM
ajfa-17310	33	3	develops	develop	VERB
ajfa-17310	33	4	testable	testable	ADJ
ajfa-17310	33	5	hypotheses	hypothesis	NOUN
ajfa-17310	33	6	concerning	concern	VERB
ajfa-17310	33	7	the	the	DET
ajfa-17310	33	8	relationship	relationship	NOUN
ajfa-17310	33	9	between	between	ADP
ajfa-17310	33	10	operating	operate	VERB
ajfa-17310	33	11	cash	cash	NOUN
ajfa-17310	33	12	flows	flow	NOUN
ajfa-17310	33	13	and	and	CCONJ
ajfa-17310	33	14	dividend	dividend	NOUN
ajfa-17310	33	15	changes	change	NOUN
ajfa-17310	33	16	.	.	PUNCT
ajfa-17310	34	1	section	section	NOUN
ajfa-17310	34	2	6	6	NUM
ajfa-17310	34	3	describes	describe	VERB
ajfa-17310	34	4	the	the	DET
ajfa-17310	34	5	asian	asian	ADJ
ajfa-17310	34	6	journal	journal	NOUN
ajfa-17310	34	7	of	of	ADP
ajfa-17310	34	8	finance	finance	PROPN
ajfa-17310	34	9	&	&	CCONJ
ajfa-17310	34	10	accounting	accounting	PROPN
ajfa-17310	34	11	issn	issn	PROPN
ajfa-17310	34	12	1946	1946	NUM
ajfa-17310	34	13	-	-	PUNCT
ajfa-17310	34	14	052x	052x	NOUN
ajfa-17310	34	15	2020	2020	NUM
ajfa-17310	34	16	,	,	PUNCT
ajfa-17310	34	17	vol	vol	NOUN
ajfa-17310	34	18	.	.	PROPN
ajfa-17310	35	1	12	12	NUM
ajfa-17310	35	2	,	,	PUNCT
ajfa-17310	35	3	no	no	INTJ
ajfa-17310	35	4	.	.	NOUN
ajfa-17310	35	5	2	2	NUM
ajfa-17310	35	6	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	35	7	3	3	NUM
ajfa-17310	35	8	research	research	NOUN
ajfa-17310	35	9	methodology	methodology	NOUN
ajfa-17310	35	10	and	and	CCONJ
ajfa-17310	35	11	design	design	NOUN
ajfa-17310	35	12	.	.	PUNCT
ajfa-17310	36	1	section	section	NOUN
ajfa-17310	36	2	7	7	NUM
ajfa-17310	36	3	presents	present	VERB
ajfa-17310	36	4	the	the	DET
ajfa-17310	36	5	results	result	NOUN
ajfa-17310	36	6	of	of	ADP
ajfa-17310	36	7	the	the	DET
ajfa-17310	36	8	study	study	NOUN
ajfa-17310	36	9	and	and	CCONJ
ajfa-17310	36	10	section	section	NOUN
ajfa-17310	36	11	8	8	NUM
ajfa-17310	36	12	summarizes	summarize	NOUN
ajfa-17310	36	13	the	the	DET
ajfa-17310	36	14	study	study	NOUN
ajfa-17310	36	15	and	and	CCONJ
ajfa-17310	36	16	provides	provide	VERB
ajfa-17310	36	17	its	its	PRON
ajfa-17310	36	18	main	main	ADJ
ajfa-17310	36	19	conclusions	conclusion	NOUN
ajfa-17310	36	20	.	.	PUNCT
ajfa-17310	37	1	2	2	X
ajfa-17310	37	2	.	.	X
ajfa-17310	37	3	extant	extant	ADJ
ajfa-17310	37	4	literature	literature	PROPN
ajfa-17310	37	5	substantial	substantial	ADJ
ajfa-17310	37	6	theoretical	theoretical	ADJ
ajfa-17310	37	7	research	research	NOUN
ajfa-17310	37	8	supports	support	VERB
ajfa-17310	37	9	the	the	DET
ajfa-17310	37	10	notion	notion	NOUN
ajfa-17310	37	11	that	that	SCONJ
ajfa-17310	37	12	corporate	corporate	ADJ
ajfa-17310	37	13	dividend	dividend	NOUN
ajfa-17310	37	14	policy	policy	NOUN
ajfa-17310	37	15	is	be	AUX
ajfa-17310	37	16	designed	design	VERB
ajfa-17310	37	17	to	to	PART
ajfa-17310	37	18	reveal	reveal	VERB
ajfa-17310	37	19	information	information	NOUN
ajfa-17310	37	20	about	about	ADP
ajfa-17310	37	21	expected	expect	VERB
ajfa-17310	37	22	levels	level	NOUN
ajfa-17310	37	23	of	of	ADP
ajfa-17310	37	24	a	a	DET
ajfa-17310	37	25	firm	firm	NOUN
ajfa-17310	37	26	’s	’s	PART
ajfa-17310	37	27	future	future	ADJ
ajfa-17310	37	28	cash	cash	NOUN
ajfa-17310	37	29	flows	flow	NOUN
ajfa-17310	37	30	and	and	CCONJ
ajfa-17310	37	31	/or	/or	ADV
ajfa-17310	37	32	earnings	earning	NOUN
ajfa-17310	37	33	.	.	PUNCT
ajfa-17310	38	1	however	however	ADV
ajfa-17310	38	2	,	,	PUNCT
ajfa-17310	38	3	empirical	empirical	ADJ
ajfa-17310	38	4	research	research	NOUN
ajfa-17310	38	5	on	on	ADP
ajfa-17310	38	6	the	the	DET
ajfa-17310	38	7	association	association	NOUN
ajfa-17310	38	8	between	between	ADP
ajfa-17310	38	9	dividend	dividend	NOUN
ajfa-17310	38	10	changes	change	NOUN
ajfa-17310	38	11	and	and	CCONJ
ajfa-17310	38	12	cash	cash	NOUN
ajfa-17310	38	13	flows	flow	NOUN
ajfa-17310	38	14	has	have	AUX
ajfa-17310	38	15	been	be	AUX
ajfa-17310	38	16	inconclusive	inconclusive	ADJ
ajfa-17310	38	17	.	.	PUNCT
ajfa-17310	39	1	lintner	lintner	PROPN
ajfa-17310	39	2	found	find	VERB
ajfa-17310	39	3	that	that	SCONJ
ajfa-17310	39	4	current	current	ADJ
ajfa-17310	39	5	net	net	ADJ
ajfa-17310	39	6	earnings	earning	NOUN
ajfa-17310	39	7	and	and	CCONJ
ajfa-17310	39	8	prior	prior	ADJ
ajfa-17310	39	9	year	year	NOUN
ajfa-17310	39	10	dividends	dividend	NOUN
ajfa-17310	39	11	are	be	AUX
ajfa-17310	39	12	the	the	DET
ajfa-17310	39	13	most	most	ADV
ajfa-17310	39	14	important	important	ADJ
ajfa-17310	39	15	variables	variable	NOUN
ajfa-17310	39	16	determining	determine	VERB
ajfa-17310	39	17	dividend	dividend	NOUN
ajfa-17310	39	18	changes	change	NOUN
ajfa-17310	39	19	.	.	PUNCT
ajfa-17310	40	1	hagerman	hagerman	NOUN
ajfa-17310	40	2	and	and	CCONJ
ajfa-17310	40	3	huefiner	huefiner	PROPN
ajfa-17310	40	4	,	,	PUNCT
ajfa-17310	40	5	baker	baker	PROPN
ajfa-17310	40	6	,	,	PUNCT
ajfa-17310	40	7	and	and	CCONJ
ajfa-17310	40	8	pruitt	pruitt	PROPN
ajfa-17310	40	9	and	and	CCONJ
ajfa-17310	40	10	gitman	gitman	PROPN
ajfa-17310	40	11	also	also	ADV
ajfa-17310	40	12	reported	report	VERB
ajfa-17310	40	13	similar	similar	ADJ
ajfa-17310	40	14	results	result	NOUN
ajfa-17310	40	15	.	.	PUNCT
ajfa-17310	41	1	hagerman	hagerman	NOUN
ajfa-17310	41	2	and	and	CCONJ
ajfa-17310	41	3	huefner	huefn	ADJ
ajfa-17310	41	4	,	,	PUNCT
ajfa-17310	41	5	for	for	ADP
ajfa-17310	41	6	instance	instance	NOUN
ajfa-17310	41	7	,	,	PUNCT
ajfa-17310	41	8	found	find	VERB
ajfa-17310	41	9	that	that	SCONJ
ajfa-17310	41	10	net	net	ADJ
ajfa-17310	41	11	income	income	NOUN
ajfa-17310	41	12	is	be	AUX
ajfa-17310	41	13	a	a	DET
ajfa-17310	41	14	better	well	ADV
ajfa-17310	41	15	determinant	determinant	ADJ
ajfa-17310	41	16	of	of	ADP
ajfa-17310	41	17	dividend	dividend	NOUN
ajfa-17310	41	18	changes	change	NOUN
ajfa-17310	41	19	than	than	ADP
ajfa-17310	41	20	cash	cash	NOUN
ajfa-17310	41	21	flows	flow	NOUN
ajfa-17310	41	22	.	.	PUNCT
ajfa-17310	42	1	these	these	DET
ajfa-17310	42	2	studies	study	NOUN
ajfa-17310	42	3	were	be	AUX
ajfa-17310	42	4	criticized	criticize	VERB
ajfa-17310	42	5	on	on	ADP
ajfa-17310	42	6	the	the	DET
ajfa-17310	42	7	ground	ground	NOUN
ajfa-17310	42	8	that	that	SCONJ
ajfa-17310	42	9	they	they	PRON
ajfa-17310	42	10	defined	define	VERB
ajfa-17310	42	11	cash	cash	NOUN
ajfa-17310	42	12	flows	flow	NOUN
ajfa-17310	42	13	as	as	ADP
ajfa-17310	42	14	the	the	DET
ajfa-17310	42	15	net	net	ADJ
ajfa-17310	42	16	income	income	NOUN
ajfa-17310	42	17	plus	plus	CCONJ
ajfa-17310	42	18	depreciation	depreciation	NOUN
ajfa-17310	42	19	which	which	PRON
ajfa-17310	42	20	may	may	AUX
ajfa-17310	42	21	be	be	AUX
ajfa-17310	42	22	considered	consider	VERB
ajfa-17310	42	23	as	as	ADP
ajfa-17310	42	24	a	a	DET
ajfa-17310	42	25	profitability	profitability	NOUN
ajfa-17310	42	26	measure	measure	NOUN
ajfa-17310	42	27	rather	rather	ADV
ajfa-17310	42	28	than	than	ADP
ajfa-17310	42	29	a	a	DET
ajfa-17310	42	30	liquidity	liquidity	NOUN
ajfa-17310	42	31	measure	measure	NOUN
ajfa-17310	42	32	.	.	PUNCT
ajfa-17310	43	1	thus	thus	ADV
ajfa-17310	43	2	,	,	PUNCT
ajfa-17310	43	3	simonsused	simonsuse	VERB
ajfa-17310	43	4	three	three	NUM
ajfa-17310	43	5	measures	measure	NOUN
ajfa-17310	43	6	of	of	ADP
ajfa-17310	43	7	cash	cash	NOUN
ajfa-17310	43	8	flows	flow	NOUN
ajfa-17310	43	9	;	;	PUNCT
ajfa-17310	43	10	cash	cash	NOUN
ajfa-17310	43	11	flow	flow	NOUN
ajfa-17310	43	12	from	from	ADP
ajfa-17310	43	13	operations	operation	NOUN
ajfa-17310	43	14	,	,	PUNCT
ajfa-17310	43	15	net	net	ADJ
ajfa-17310	43	16	current	current	ADJ
ajfa-17310	43	17	operating	operating	NOUN
ajfa-17310	43	18	funds	fund	NOUN
ajfa-17310	43	19	and	and	CCONJ
ajfa-17310	43	20	total	total	ADJ
ajfa-17310	43	21	cash	cash	NOUN
ajfa-17310	43	22	flow	flow	NOUN
ajfa-17310	43	23	before	before	ADP
ajfa-17310	43	24	dividends	dividend	NOUN
ajfa-17310	43	25	.	.	PUNCT
ajfa-17310	44	1	each	each	DET
ajfa-17310	44	2	measure	measure	NOUN
ajfa-17310	44	3	of	of	ADP
ajfa-17310	44	4	cash	cash	NOUN
ajfa-17310	44	5	flows	flow	NOUN
ajfa-17310	44	6	was	be	AUX
ajfa-17310	44	7	incorporated	incorporate	VERB
ajfa-17310	44	8	into	into	ADP
ajfa-17310	44	9	a	a	DET
ajfa-17310	44	10	regression	regression	NOUN
ajfa-17310	44	11	model	model	NOUN
ajfa-17310	44	12	,	,	PUNCT
ajfa-17310	44	13	which	which	PRON
ajfa-17310	44	14	also	also	ADV
ajfa-17310	44	15	included	include	VERB
ajfa-17310	44	16	the	the	DET
ajfa-17310	44	17	net	net	ADJ
ajfa-17310	44	18	income	income	NOUN
ajfa-17310	44	19	and	and	CCONJ
ajfa-17310	44	20	previous	previous	ADJ
ajfa-17310	44	21	year	year	NOUN
ajfa-17310	44	22	dividends	dividend	NOUN
ajfa-17310	44	23	.	.	PUNCT
ajfa-17310	45	1	the	the	DET
ajfa-17310	45	2	results	result	NOUN
ajfa-17310	45	3	of	of	ADP
ajfa-17310	45	4	the	the	DET
ajfa-17310	45	5	study	study	NOUN
ajfa-17310	45	6	indicated	indicate	VERB
ajfa-17310	45	7	that	that	SCONJ
ajfa-17310	45	8	the	the	DET
ajfa-17310	45	9	only	only	ADJ
ajfa-17310	45	10	significant	significant	ADJ
ajfa-17310	45	11	variables	variable	NOUN
ajfa-17310	45	12	explaining	explain	VERB
ajfa-17310	45	13	dividend	dividend	NOUN
ajfa-17310	45	14	changes	change	NOUN
ajfa-17310	45	15	were	be	AUX
ajfa-17310	45	16	the	the	DET
ajfa-17310	45	17	net	net	ADJ
ajfa-17310	45	18	income	income	NOUN
ajfa-17310	45	19	and	and	CCONJ
ajfa-17310	45	20	previous	previous	ADJ
ajfa-17310	45	21	year	year	NOUN
ajfa-17310	45	22	dividend	dividend	NOUN
ajfa-17310	45	23	with	with	ADP
ajfa-17310	45	24	positive	positive	ADJ
ajfa-17310	45	25	and	and	CCONJ
ajfa-17310	45	26	negative	negative	ADJ
ajfa-17310	45	27	coefficients	coefficient	NOUN
ajfa-17310	45	28	respectively	respectively	ADV
ajfa-17310	45	29	.	.	PUNCT
ajfa-17310	46	1	simons	simon	NOUN
ajfa-17310	46	2	concluded	conclude	VERB
ajfa-17310	46	3	that	that	SCONJ
ajfa-17310	46	4	none	none	NOUN
ajfa-17310	46	5	of	of	ADP
ajfa-17310	46	6	the	the	DET
ajfa-17310	46	7	three	three	NUM
ajfa-17310	46	8	measures	measure	NOUN
ajfa-17310	46	9	of	of	ADP
ajfa-17310	46	10	cash	cash	NOUN
ajfa-17310	46	11	flows	flow	NOUN
ajfa-17310	46	12	added	add	VERB
ajfa-17310	46	13	an	an	DET
ajfa-17310	46	14	incremental	incremental	ADJ
ajfa-17310	46	15	value	value	NOUN
ajfa-17310	46	16	to	to	ADP
ajfa-17310	46	17	the	the	DET
ajfa-17310	46	18	net	net	ADJ
ajfa-17310	46	19	income	income	NOUN
ajfa-17310	46	20	and	and	CCONJ
ajfa-17310	46	21	previous	previous	ADJ
ajfa-17310	46	22	dividends	dividend	NOUN
ajfa-17310	46	23	explaining	explain	VERB
ajfa-17310	46	24	dividend	dividend	NOUN
ajfa-17310	46	25	changes	change	NOUN
ajfa-17310	46	26	.	.	PUNCT
ajfa-17310	47	1	in	in	ADP
ajfa-17310	47	2	another	another	DET
ajfa-17310	47	3	study	study	NOUN
ajfa-17310	47	4	,	,	PUNCT
ajfa-17310	47	5	benartzi	benartzi	VERB
ajfa-17310	47	6	et	et	PROPN
ajfa-17310	47	7	al	al	PROPN
ajfa-17310	47	8	.	.	PROPN
ajfa-17310	47	9	,	,	PUNCT
ajfa-17310	47	10	based	base	VERB
ajfa-17310	47	11	on	on	ADP
ajfa-17310	47	12	an	an	DET
ajfa-17310	47	13	extensive	extensive	ADJ
ajfa-17310	47	14	empirical	empirical	ADJ
ajfa-17310	47	15	analysis	analysis	NOUN
ajfa-17310	47	16	of	of	ADP
ajfa-17310	47	17	dividend	dividend	NOUN
ajfa-17310	47	18	changes	change	NOUN
ajfa-17310	47	19	,	,	PUNCT
ajfa-17310	47	20	concluded	conclude	VERB
ajfa-17310	47	21	that	that	SCONJ
ajfa-17310	47	22	“	"	PUNCT
ajfa-17310	47	23	…	…	PUNCT
ajfa-17310	47	24	lintner	lintner	NOUN
ajfa-17310	47	25	’s	’s	PART
ajfa-17310	47	26	model	model	NOUN
ajfa-17310	47	27	of	of	ADP
ajfa-17310	47	28	dividends	dividend	NOUN
ajfa-17310	47	29	remains	remain	VERB
ajfa-17310	47	30	the	the	DET
ajfa-17310	47	31	best	good	ADJ
ajfa-17310	47	32	description	description	NOUN
ajfa-17310	47	33	of	of	ADP
ajfa-17310	47	34	the	the	DET
ajfa-17310	47	35	dividend	dividend	NOUN
ajfa-17310	47	36	setting	set	VERB
ajfa-17310	47	37	process	process	NOUN
ajfa-17310	47	38	available	available	ADJ
ajfa-17310	47	39	.	.	PUNCT
ajfa-17310	47	40	”	"	PUNCT
ajfa-17310	48	1	(	(	PUNCT
ajfa-17310	48	2	p.	p.	NOUN
ajfa-17310	48	3	1032	1032	NUM
ajfa-17310	48	4	)	)	PUNCT
ajfa-17310	48	5	in	in	ADP
ajfa-17310	48	6	contrast	contrast	NOUN
ajfa-17310	48	7	,	,	PUNCT
ajfa-17310	48	8	a	a	DET
ajfa-17310	48	9	study	study	NOUN
ajfa-17310	48	10	by	by	ADP
ajfa-17310	48	11	lipson	lipson	PROPN
ajfa-17310	48	12	et	et	PROPN
ajfa-17310	48	13	al	al	PROPN
ajfa-17310	48	14	.	.	PROPN
ajfa-17310	48	15	found	find	VERB
ajfa-17310	48	16	that	that	SCONJ
ajfa-17310	48	17	dividend	dividend	NOUN
ajfa-17310	48	18	initiation	initiation	NOUN
ajfa-17310	48	19	was	be	AUX
ajfa-17310	48	20	not	not	PART
ajfa-17310	48	21	followed	follow	VERB
ajfa-17310	48	22	by	by	ADP
ajfa-17310	48	23	an	an	DET
ajfa-17310	48	24	increase	increase	NOUN
ajfa-17310	48	25	in	in	ADP
ajfa-17310	48	26	firm	firm	ADJ
ajfa-17310	48	27	earnings	earning	NOUN
ajfa-17310	48	28	.	.	PUNCT
ajfa-17310	49	1	ettredge	ettredge	NOUN
ajfa-17310	49	2	and	and	CCONJ
ajfa-17310	49	3	kim	kim	PROPN
ajfa-17310	49	4	extended	extend	VERB
ajfa-17310	49	5	previous	previous	ADJ
ajfa-17310	49	6	research	research	NOUN
ajfa-17310	49	7	by	by	ADP
ajfa-17310	49	8	investigating	investigate	VERB
ajfa-17310	49	9	the	the	DET
ajfa-17310	49	10	impact	impact	NOUN
ajfa-17310	49	11	of	of	ADP
ajfa-17310	49	12	the	the	DET
ajfa-17310	49	13	adoption	adoption	NOUN
ajfa-17310	49	14	of	of	ADP
ajfa-17310	49	15	lastin	lastin	NOUN
ajfa-17310	49	16	-	-	PUNCT
ajfa-17310	49	17	first	first	ADV
ajfa-17310	49	18	-	-	PUNCT
ajfa-17310	49	19	out	out	NOUN
ajfa-17310	49	20	(	(	PUNCT
ajfa-17310	49	21	lifo	lifo	NOUN
ajfa-17310	49	22	)	)	PUNCT
ajfa-17310	49	23	inventory	inventory	NOUN
ajfa-17310	49	24	pricing	pricing	NOUN
ajfa-17310	49	25	method	method	NOUN
ajfa-17310	49	26	in	in	ADP
ajfa-17310	49	27	periods	period	NOUN
ajfa-17310	49	28	of	of	ADP
ajfa-17310	49	29	inflation	inflation	NOUN
ajfa-17310	49	30	on	on	ADP
ajfa-17310	49	31	changes	change	NOUN
ajfa-17310	49	32	in	in	ADP
ajfa-17310	49	33	cash	cash	NOUN
ajfa-17310	49	34	dividends	dividend	NOUN
ajfa-17310	49	35	.	.	PUNCT
ajfa-17310	50	1	the	the	DET
ajfa-17310	50	2	adoption	adoption	NOUN
ajfa-17310	50	3	of	of	ADP
ajfa-17310	50	4	lifo	lifo	NOUN
ajfa-17310	50	5	in	in	ADP
ajfa-17310	50	6	such	such	ADJ
ajfa-17310	50	7	periods	period	NOUN
ajfa-17310	50	8	depresses	depresse	NOUN
ajfa-17310	50	9	reported	report	VERB
ajfa-17310	50	10	net	net	ADJ
ajfa-17310	50	11	income	income	NOUN
ajfa-17310	50	12	below	below	ADP
ajfa-17310	50	13	the	the	DET
ajfa-17310	50	14	level	level	NOUN
ajfa-17310	50	15	that	that	PRON
ajfa-17310	50	16	would	would	AUX
ajfa-17310	50	17	have	have	AUX
ajfa-17310	50	18	been	be	AUX
ajfa-17310	50	19	reported	report	VERB
ajfa-17310	50	20	without	without	ADP
ajfa-17310	50	21	lifo	lifo	NOUN
ajfa-17310	50	22	adoption	adoption	NOUN
ajfa-17310	50	23	and	and	CCONJ
ajfa-17310	50	24	increases	increase	VERB
ajfa-17310	50	25	cash	cash	NOUN
ajfa-17310	50	26	flows	flow	NOUN
ajfa-17310	50	27	through	through	ADP
ajfa-17310	50	28	the	the	DET
ajfa-17310	50	29	postponement	postponement	NOUN
ajfa-17310	50	30	of	of	ADP
ajfa-17310	50	31	taxes	taxis	NOUN
ajfa-17310	50	32	to	to	ADP
ajfa-17310	50	33	future	future	ADJ
ajfa-17310	50	34	periods	period	NOUN
ajfa-17310	50	35	.	.	PUNCT
ajfa-17310	51	1	the	the	DET
ajfa-17310	51	2	results	result	NOUN
ajfa-17310	51	3	of	of	ADP
ajfa-17310	51	4	the	the	DET
ajfa-17310	51	5	study	study	NOUN
ajfa-17310	51	6	indicated	indicate	VERB
ajfa-17310	51	7	that	that	SCONJ
ajfa-17310	51	8	the	the	DET
ajfa-17310	51	9	changes	change	NOUN
ajfa-17310	51	10	in	in	ADP
ajfa-17310	51	11	cash	cash	NOUN
ajfa-17310	51	12	dividends	dividend	NOUN
ajfa-17310	51	13	in	in	ADP
ajfa-17310	51	14	the	the	DET
ajfa-17310	51	15	year	year	NOUN
ajfa-17310	51	16	of	of	ADP
ajfa-17310	51	17	adoption	adoption	NOUN
ajfa-17310	51	18	were	be	AUX
ajfa-17310	51	19	positively	positively	ADV
ajfa-17310	51	20	associated	associate	VERB
ajfa-17310	51	21	with	with	ADP
ajfa-17310	51	22	the	the	DET
ajfa-17310	51	23	negative	negative	ADJ
ajfa-17310	51	24	net	net	ADJ
ajfa-17310	51	25	income	income	NOUN
ajfa-17310	51	26	effect	effect	NOUN
ajfa-17310	51	27	rather	rather	ADV
ajfa-17310	51	28	than	than	ADP
ajfa-17310	51	29	the	the	DET
ajfa-17310	51	30	positive	positive	ADJ
ajfa-17310	51	31	cash	cash	NOUN
ajfa-17310	51	32	flow	flow	NOUN
ajfa-17310	51	33	effect	effect	NOUN
ajfa-17310	51	34	of	of	ADP
ajfa-17310	51	35	lifo	lifo	NOUN
ajfa-17310	51	36	adoption	adoption	NOUN
ajfa-17310	51	37	.	.	PUNCT
ajfa-17310	52	1	a	a	DET
ajfa-17310	52	2	recent	recent	ADJ
ajfa-17310	52	3	study	study	NOUN
ajfa-17310	52	4	by	by	ADP
ajfa-17310	52	5	charitou	charitou	NOUN
ajfa-17310	52	6	and	and	CCONJ
ajfa-17310	52	7	vafeas	vafea	NOUN
ajfa-17310	52	8	examined	examine	VERB
ajfa-17310	52	9	the	the	DET
ajfa-17310	52	10	impact	impact	NOUN
ajfa-17310	52	11	of	of	ADP
ajfa-17310	52	12	operating	operate	VERB
ajfa-17310	52	13	cash	cash	NOUN
ajfa-17310	52	14	flows	flow	NOUN
ajfa-17310	52	15	and	and	CCONJ
ajfa-17310	52	16	operating	operate	VERB
ajfa-17310	52	17	net	net	ADJ
ajfa-17310	52	18	income	income	NOUN
ajfa-17310	52	19	on	on	ADP
ajfa-17310	52	20	dividend	dividend	NOUN
ajfa-17310	52	21	changes	change	NOUN
ajfa-17310	52	22	.	.	PUNCT
ajfa-17310	53	1	they	they	PRON
ajfa-17310	53	2	found	find	VERB
ajfa-17310	53	3	that	that	SCONJ
ajfa-17310	53	4	the	the	DET
ajfa-17310	53	5	net	net	ADJ
ajfa-17310	53	6	income	income	NOUN
ajfa-17310	53	7	is	be	AUX
ajfa-17310	53	8	significantly	significantly	ADV
ajfa-17310	53	9	and	and	CCONJ
ajfa-17310	53	10	positively	positively	ADV
ajfa-17310	53	11	related	relate	VERB
ajfa-17310	53	12	to	to	PART
ajfa-17310	53	13	dividend	dividend	VERB
ajfa-17310	53	14	changes	change	NOUN
ajfa-17310	53	15	while	while	SCONJ
ajfa-17310	53	16	cash	cash	NOUN
ajfa-17310	53	17	flow	flow	NOUN
ajfa-17310	53	18	is	be	AUX
ajfa-17310	53	19	not	not	PART
ajfa-17310	53	20	.	.	PUNCT
ajfa-17310	54	1	they	they	PRON
ajfa-17310	54	2	also	also	ADV
ajfa-17310	54	3	found	find	VERB
ajfa-17310	54	4	that	that	SCONJ
ajfa-17310	54	5	previous	previous	ADJ
ajfa-17310	54	6	year	year	NOUN
ajfa-17310	54	7	dividends	dividend	NOUN
ajfa-17310	54	8	are	be	AUX
ajfa-17310	54	9	significantly	significantly	ADV
ajfa-17310	54	10	and	and	CCONJ
ajfa-17310	54	11	negatively	negatively	ADV
ajfa-17310	54	12	associated	associate	VERB
ajfa-17310	54	13	with	with	ADP
ajfa-17310	54	14	dividend	dividend	NOUN
ajfa-17310	54	15	changes	change	NOUN
ajfa-17310	54	16	.	.	PUNCT
ajfa-17310	55	1	however	however	ADV
ajfa-17310	55	2	,	,	PUNCT
ajfa-17310	55	3	when	when	SCONJ
ajfa-17310	55	4	the	the	DET
ajfa-17310	55	5	sample	sample	NOUN
ajfa-17310	55	6	of	of	ADP
ajfa-17310	55	7	firms	firm	NOUN
ajfa-17310	55	8	was	be	AUX
ajfa-17310	55	9	divided	divide	VERB
ajfa-17310	55	10	into	into	ADP
ajfa-17310	55	11	five	five	NUM
ajfa-17310	55	12	groups	group	NOUN
ajfa-17310	55	13	based	base	VERB
ajfa-17310	55	14	on	on	ADP
ajfa-17310	55	15	the	the	DET
ajfa-17310	55	16	size	size	NOUN
ajfa-17310	55	17	of	of	ADP
ajfa-17310	55	18	cash	cash	NOUN
ajfa-17310	55	19	flows	flow	NOUN
ajfa-17310	55	20	,	,	PUNCT
ajfa-17310	55	21	they	they	PRON
ajfa-17310	55	22	found	find	VERB
ajfa-17310	55	23	that	that	SCONJ
ajfa-17310	55	24	cash	cash	NOUN
ajfa-17310	55	25	flow	flow	NOUN
ajfa-17310	55	26	from	from	ADP
ajfa-17310	55	27	operations	operation	NOUN
ajfa-17310	55	28	was	be	AUX
ajfa-17310	55	29	an	an	DET
ajfa-17310	55	30	important	important	ADJ
ajfa-17310	55	31	variable	variable	NOUN
ajfa-17310	55	32	in	in	ADP
ajfa-17310	55	33	explaining	explain	VERB
ajfa-17310	55	34	dividend	dividend	NOUN
ajfa-17310	55	35	changes	change	NOUN
ajfa-17310	55	36	for	for	ADP
ajfa-17310	55	37	those	those	DET
ajfa-17310	55	38	firms	firm	NOUN
ajfa-17310	55	39	with	with	ADP
ajfa-17310	55	40	relatively	relatively	ADV
ajfa-17310	55	41	low	low	ADJ
ajfa-17310	55	42	cash	cash	NOUN
ajfa-17310	55	43	flows	flow	NOUN
ajfa-17310	55	44	.	.	PUNCT
ajfa-17310	56	1	they	they	PRON
ajfa-17310	56	2	concluded	conclude	VERB
ajfa-17310	56	3	that	that	SCONJ
ajfa-17310	56	4	for	for	SCONJ
ajfa-17310	56	5	those	those	DET
ajfa-17310	56	6	firms	firm	NOUN
ajfa-17310	56	7	cash	cash	NOUN
ajfa-17310	56	8	flow	flow	NOUN
ajfa-17310	56	9	acts	act	NOUN
ajfa-17310	56	10	as	as	ADP
ajfa-17310	56	11	a	a	DET
ajfa-17310	56	12	constraint	constraint	NOUN
ajfa-17310	56	13	on	on	ADP
ajfa-17310	56	14	their	their	PRON
ajfa-17310	56	15	ability	ability	NOUN
ajfa-17310	56	16	to	to	PART
ajfa-17310	56	17	pay	pay	VERB
ajfa-17310	56	18	dividends	dividend	NOUN
ajfa-17310	56	19	.	.	PUNCT
ajfa-17310	57	1	in	in	ADP
ajfa-17310	57	2	another	another	DET
ajfa-17310	57	3	study	study	NOUN
ajfa-17310	57	4	,	,	PUNCT
ajfa-17310	57	5	brook	brook	PROPN
ajfa-17310	57	6	et	et	PROPN
ajfa-17310	57	7	al	al	PROPN
ajfa-17310	57	8	.	.	PROPN
ajfa-17310	57	9	attempted	attempt	VERB
ajfa-17310	57	10	to	to	PART
ajfa-17310	57	11	answer	answer	VERB
ajfa-17310	57	12	the	the	DET
ajfa-17310	57	13	question	question	NOUN
ajfa-17310	57	14	whether	whether	SCONJ
ajfa-17310	57	15	firms	firm	NOUN
ajfa-17310	57	16	use	use	VERB
ajfa-17310	57	17	dividends	dividend	NOUN
ajfa-17310	57	18	to	to	PART
ajfa-17310	57	19	signal	signal	VERB
ajfa-17310	57	20	large	large	ADJ
ajfa-17310	57	21	future	future	ADJ
ajfa-17310	57	22	cash	cash	NOUN
ajfa-17310	57	23	flow	flow	NOUN
ajfa-17310	57	24	increases	increase	NOUN
ajfa-17310	57	25	.	.	PUNCT
ajfa-17310	58	1	they	they	PRON
ajfa-17310	58	2	divided	divide	VERB
ajfa-17310	58	3	their	their	PRON
ajfa-17310	58	4	sample	sample	NOUN
ajfa-17310	58	5	of	of	ADP
ajfa-17310	58	6	firms	firm	NOUN
ajfa-17310	58	7	into	into	ADP
ajfa-17310	58	8	three	three	NUM
ajfa-17310	58	9	groups	group	NOUN
ajfa-17310	58	10	.	.	PUNCT
ajfa-17310	59	1	the	the	DET
ajfa-17310	59	2	first	first	ADJ
ajfa-17310	59	3	included	include	VERB
ajfa-17310	59	4	those	those	DET
ajfa-17310	59	5	firms	firm	NOUN
ajfa-17310	59	6	which	which	PRON
ajfa-17310	59	7	experienced	experience	VERB
ajfa-17310	59	8	permanently	permanently	ADV
ajfa-17310	59	9	increased	increase	VERB
ajfa-17310	59	10	cash	cash	NOUN
ajfa-17310	59	11	flows	flow	NOUN
ajfa-17310	59	12	,	,	PUNCT
ajfa-17310	59	13	the	the	DET
ajfa-17310	59	14	second	second	ADJ
ajfa-17310	59	15	asian	asian	ADJ
ajfa-17310	59	16	journal	journal	NOUN
ajfa-17310	59	17	of	of	ADP
ajfa-17310	59	18	finance	finance	PROPN
ajfa-17310	59	19	&	&	CCONJ
ajfa-17310	59	20	accounting	accounting	PROPN
ajfa-17310	59	21	issn	issn	PROPN
ajfa-17310	59	22	1946	1946	NUM
ajfa-17310	59	23	-	-	PUNCT
ajfa-17310	59	24	052x	052x	NOUN
ajfa-17310	59	25	2020	2020	NUM
ajfa-17310	59	26	,	,	PUNCT
ajfa-17310	59	27	vol	vol	NOUN
ajfa-17310	59	28	.	.	PROPN
ajfa-17310	59	29	12	12	NUM
ajfa-17310	59	30	,	,	PUNCT
ajfa-17310	59	31	no	no	INTJ
ajfa-17310	59	32	.	.	NOUN
ajfa-17310	59	33	2	2	NUM
ajfa-17310	59	34	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	59	35	4	4	NUM
ajfa-17310	59	36	included	include	VERB
ajfa-17310	59	37	those	those	DET
ajfa-17310	59	38	firms	firm	NOUN
ajfa-17310	59	39	which	which	PRON
ajfa-17310	59	40	had	have	VERB
ajfa-17310	59	41	temporary	temporary	ADJ
ajfa-17310	59	42	increased	increase	VERB
ajfa-17310	59	43	cash	cash	NOUN
ajfa-17310	59	44	flows	flow	NOUN
ajfa-17310	59	45	,	,	PUNCT
ajfa-17310	59	46	and	and	CCONJ
ajfa-17310	59	47	the	the	DET
ajfa-17310	59	48	third	third	ADJ
ajfa-17310	59	49	included	include	VERB
ajfa-17310	59	50	firms	firm	NOUN
ajfa-17310	59	51	which	which	PRON
ajfa-17310	59	52	experienced	experience	VERB
ajfa-17310	59	53	a	a	DET
ajfa-17310	59	54	continued	continued	ADJ
ajfa-17310	59	55	period	period	NOUN
ajfa-17310	59	56	of	of	ADP
ajfa-17310	59	57	flat	flat	ADJ
ajfa-17310	59	58	cash	cash	NOUN
ajfa-17310	59	59	flow	flow	NOUN
ajfa-17310	59	60	.	.	PUNCT
ajfa-17310	60	1	the	the	DET
ajfa-17310	60	2	results	result	NOUN
ajfa-17310	60	3	of	of	ADP
ajfa-17310	60	4	the	the	DET
ajfa-17310	60	5	study	study	NOUN
ajfa-17310	60	6	indicated	indicate	VERB
ajfa-17310	60	7	that	that	SCONJ
ajfa-17310	60	8	the	the	DET
ajfa-17310	60	9	average	average	ADJ
ajfa-17310	60	10	dividend	dividend	NOUN
ajfa-17310	60	11	increase	increase	NOUN
ajfa-17310	60	12	in	in	ADP
ajfa-17310	60	13	the	the	DET
ajfa-17310	60	14	group	group	NOUN
ajfa-17310	60	15	of	of	ADP
ajfa-17310	60	16	firms	firm	NOUN
ajfa-17310	60	17	which	which	PRON
ajfa-17310	60	18	experienced	experience	VERB
ajfa-17310	60	19	permanently	permanently	ADV
ajfa-17310	60	20	increased	increase	VERB
ajfa-17310	60	21	cash	cash	NOUN
ajfa-17310	60	22	flows	flow	NOUN
ajfa-17310	60	23	,	,	PUNCT
ajfa-17310	60	24	was	be	AUX
ajfa-17310	60	25	higher	high	ADJ
ajfa-17310	60	26	than	than	ADP
ajfa-17310	60	27	the	the	DET
ajfa-17310	60	28	average	average	ADJ
ajfa-17310	60	29	dividend	dividend	NOUN
ajfa-17310	60	30	increase	increase	NOUN
ajfa-17310	60	31	offered	offer	VERB
ajfa-17310	60	32	by	by	ADP
ajfa-17310	60	33	the	the	DET
ajfa-17310	60	34	other	other	ADJ
ajfa-17310	60	35	two	two	NUM
ajfa-17310	60	36	groups	group	NOUN
ajfa-17310	60	37	.	.	PUNCT
ajfa-17310	61	1	the	the	DET
ajfa-17310	61	2	study	study	NOUN
ajfa-17310	61	3	also	also	ADV
ajfa-17310	61	4	indicated	indicate	VERB
ajfa-17310	61	5	that	that	SCONJ
ajfa-17310	61	6	dividend	dividend	NOUN
ajfa-17310	61	7	decisions	decision	NOUN
ajfa-17310	61	8	are	be	AUX
ajfa-17310	61	9	made	make	VERB
ajfa-17310	61	10	to	to	PART
ajfa-17310	61	11	signal	signal	VERB
ajfa-17310	61	12	positive	positive	ADJ
ajfa-17310	61	13	information	information	NOUN
ajfa-17310	61	14	about	about	ADP
ajfa-17310	61	15	permanent	permanent	ADJ
ajfa-17310	61	16	future	future	ADJ
ajfa-17310	61	17	cash	cash	NOUN
ajfa-17310	61	18	flow	flow	NOUN
ajfa-17310	61	19	levels	level	NOUN
ajfa-17310	61	20	rather	rather	ADV
ajfa-17310	61	21	than	than	ADP
ajfa-17310	61	22	about	about	ADP
ajfa-17310	61	23	future	future	ADJ
ajfa-17310	61	24	income	income	NOUN
ajfa-17310	61	25	changes	change	NOUN
ajfa-17310	61	26	.	.	PUNCT
ajfa-17310	62	1	the	the	DET
ajfa-17310	62	2	studies	study	NOUN
ajfa-17310	62	3	by	by	ADP
ajfa-17310	62	4	charitou	charitou	NOUN
ajfa-17310	62	5	and	and	CCONJ
ajfa-17310	62	6	vafeas	vafea	NOUN
ajfa-17310	62	7	and	and	CCONJ
ajfa-17310	62	8	brook	brook	PROPN
ajfa-17310	62	9	et	et	PROPN
ajfa-17310	62	10	al	al	PROPN
ajfa-17310	62	11	.	.	PROPN
ajfa-17310	62	12	suggest	suggest	VERB
ajfa-17310	62	13	that	that	SCONJ
ajfa-17310	62	14	the	the	DET
ajfa-17310	62	15	relative	relative	ADJ
ajfa-17310	62	16	benefits	benefit	NOUN
ajfa-17310	62	17	of	of	ADP
ajfa-17310	62	18	accruals	accrual	NOUN
ajfa-17310	62	19	versus	versus	ADP
ajfa-17310	62	20	cash	cash	NOUN
ajfa-17310	62	21	flows	flow	NOUN
ajfa-17310	62	22	in	in	ADP
ajfa-17310	62	23	explaining	explain	VERB
ajfa-17310	62	24	dividend	dividend	NOUN
ajfa-17310	62	25	changes	change	NOUN
ajfa-17310	62	26	may	may	AUX
ajfa-17310	62	27	be	be	AUX
ajfa-17310	62	28	firm	firm	ADJ
ajfa-17310	62	29	–	–	PUNCT
ajfa-17310	62	30	specific	specific	ADJ
ajfa-17310	62	31	.	.	PUNCT
ajfa-17310	63	1	for	for	ADP
ajfa-17310	63	2	instance	instance	NOUN
ajfa-17310	63	3	,	,	PUNCT
ajfa-17310	63	4	bernard	bernard	PROPN
ajfa-17310	63	5	and	and	CCONJ
ajfa-17310	63	6	stober	stober	PROPN
ajfa-17310	63	7	pointed	point	VERB
ajfa-17310	63	8	out	out	ADP
ajfa-17310	63	9	that	that	SCONJ
ajfa-17310	63	10	the	the	DET
ajfa-17310	63	11	variation	variation	NOUN
ajfa-17310	63	12	in	in	ADP
ajfa-17310	63	13	cash	cash	NOUN
ajfa-17310	63	14	flow	flow	NOUN
ajfa-17310	63	15	results	result	NOUN
ajfa-17310	63	16	found	find	VERB
ajfa-17310	63	17	by	by	ADP
ajfa-17310	63	18	some	some	DET
ajfa-17310	63	19	studies	study	NOUN
ajfa-17310	63	20	might	might	AUX
ajfa-17310	63	21	be	be	AUX
ajfa-17310	63	22	caused	cause	VERB
ajfa-17310	63	23	by	by	ADP
ajfa-17310	63	24	using	use	VERB
ajfa-17310	63	25	models	model	NOUN
ajfa-17310	63	26	,	,	PUNCT
ajfa-17310	63	27	which	which	PRON
ajfa-17310	63	28	were	be	AUX
ajfa-17310	63	29	unable	unable	ADJ
ajfa-17310	63	30	to	to	PART
ajfa-17310	63	31	capture	capture	VERB
ajfa-17310	63	32	the	the	DET
ajfa-17310	63	33	specific	specific	ADJ
ajfa-17310	63	34	characteristics	characteristic	NOUN
ajfa-17310	63	35	of	of	ADP
ajfa-17310	63	36	any	any	DET
ajfa-17310	63	37	particular	particular	ADJ
ajfa-17310	63	38	firm	firm	NOUN
ajfa-17310	63	39	or	or	CCONJ
ajfa-17310	63	40	situation	situation	NOUN
ajfa-17310	63	41	.	.	PUNCT
ajfa-17310	64	1	they	they	PRON
ajfa-17310	64	2	indicated	indicate	VERB
ajfa-17310	64	3	that	that	SCONJ
ajfa-17310	64	4	the	the	DET
ajfa-17310	64	5	information	information	NOUN
ajfa-17310	64	6	content	content	NOUN
ajfa-17310	64	7	of	of	ADP
ajfa-17310	64	8	cash	cash	NOUN
ajfa-17310	64	9	flows	flow	NOUN
ajfa-17310	64	10	versus	versus	ADP
ajfa-17310	64	11	accruals	accrual	NOUN
ajfa-17310	64	12	might	might	AUX
ajfa-17310	64	13	be	be	AUX
ajfa-17310	64	14	firmindustry-	firmindustry-	ADJ
ajfa-17310	64	15	,	,	PUNCT
ajfa-17310	64	16	and	and	CCONJ
ajfa-17310	64	17	/or	/or	ADP
ajfa-17310	64	18	situation	situation	NOUN
ajfa-17310	64	19	–	–	PUNCT
ajfa-17310	64	20	specific	specific	ADJ
ajfa-17310	64	21	.	.	PUNCT
ajfa-17310	65	1	the	the	DET
ajfa-17310	65	2	current	current	ADJ
ajfa-17310	65	3	study	study	NOUN
ajfa-17310	65	4	will	will	AUX
ajfa-17310	65	5	take	take	VERB
ajfa-17310	65	6	into	into	ADP
ajfa-17310	65	7	account	account	NOUN
ajfa-17310	65	8	the	the	DET
ajfa-17310	65	9	industry	industry	NOUN
ajfa-17310	65	10	factor	factor	NOUN
ajfa-17310	65	11	by	by	ADP
ajfa-17310	65	12	concentrating	concentrate	VERB
ajfa-17310	65	13	only	only	ADV
ajfa-17310	65	14	on	on	ADP
ajfa-17310	65	15	the	the	DET
ajfa-17310	65	16	industrial	industrial	ADJ
ajfa-17310	65	17	firms	firm	NOUN
ajfa-17310	65	18	listed	list	VERB
ajfa-17310	65	19	on	on	ADP
ajfa-17310	65	20	the	the	DET
ajfa-17310	65	21	amman	amman	PROPN
ajfa-17310	65	22	stock	stock	PROPN
ajfa-17310	65	23	exchange	exchange	PROPN
ajfa-17310	65	24	.	.	PUNCT
ajfa-17310	66	1	also	also	ADV
ajfa-17310	66	2	an	an	DET
ajfa-17310	66	3	attempt	attempt	NOUN
ajfa-17310	66	4	is	be	AUX
ajfa-17310	66	5	made	make	VERB
ajfa-17310	66	6	to	to	PART
ajfa-17310	66	7	examine	examine	VERB
ajfa-17310	66	8	the	the	DET
ajfa-17310	66	9	impact	impact	NOUN
ajfa-17310	66	10	of	of	ADP
ajfa-17310	66	11	the	the	DET
ajfa-17310	66	12	firm	firm	NOUN
ajfa-17310	66	13	’s	’s	PART
ajfa-17310	66	14	growth	growth	NOUN
ajfa-17310	66	15	prospects	prospect	NOUN
ajfa-17310	66	16	on	on	ADP
ajfa-17310	66	17	the	the	DET
ajfa-17310	66	18	incremental	incremental	ADJ
ajfa-17310	66	19	information	information	NOUN
ajfa-17310	66	20	of	of	ADP
ajfa-17310	66	21	cash	cash	NOUN
ajfa-17310	66	22	flows	flow	NOUN
ajfa-17310	66	23	.	.	PUNCT
ajfa-17310	67	1	2.1	2.1	NUM
ajfa-17310	67	2	conceptual	conceptual	ADJ
ajfa-17310	67	3	review	review	NOUN
ajfa-17310	67	4	(	(	PUNCT
ajfa-17310	67	5	define	define	VERB
ajfa-17310	67	6	and	and	CCONJ
ajfa-17310	67	7	explain	explain	VERB
ajfa-17310	67	8	all	all	DET
ajfa-17310	67	9	the	the	DET
ajfa-17310	67	10	variables	variable	NOUN
ajfa-17310	67	11	used	use	VERB
ajfa-17310	67	12	in	in	ADP
ajfa-17310	67	13	the	the	DET
ajfa-17310	67	14	study	study	NOUN
ajfa-17310	67	15	)	)	PUNCT
ajfa-17310	67	16	as	as	SCONJ
ajfa-17310	67	17	discussed	discuss	VERB
ajfa-17310	67	18	earlier	early	ADV
ajfa-17310	67	19	in	in	ADP
ajfa-17310	67	20	the	the	DET
ajfa-17310	67	21	study	study	NOUN
ajfa-17310	67	22	,	,	PUNCT
ajfa-17310	67	23	two	two	NUM
ajfa-17310	67	24	plausible	plausible	ADJ
ajfa-17310	67	25	explanations	explanation	NOUN
ajfa-17310	67	26	are	be	AUX
ajfa-17310	67	27	provided	provide	VERB
ajfa-17310	67	28	to	to	PART
ajfa-17310	67	29	support	support	VERB
ajfa-17310	67	30	the	the	DET
ajfa-17310	67	31	superiority	superiority	NOUN
ajfa-17310	67	32	of	of	ADP
ajfa-17310	67	33	operating	operate	VERB
ajfa-17310	67	34	cash	cash	NOUN
ajfa-17310	67	35	flows	flow	NOUN
ajfa-17310	67	36	over	over	ADP
ajfa-17310	67	37	accrual	accrual	ADJ
ajfa-17310	67	38	income	income	NOUN
ajfa-17310	67	39	in	in	ADP
ajfa-17310	67	40	explaining	explain	VERB
ajfa-17310	67	41	dividend	dividend	NOUN
ajfa-17310	67	42	changes	change	NOUN
ajfa-17310	67	43	.	.	PUNCT
ajfa-17310	68	1	first	first	ADV
ajfa-17310	68	2	,	,	PUNCT
ajfa-17310	68	3	the	the	DET
ajfa-17310	68	4	accrual	accrual	ADJ
ajfa-17310	68	5	income	income	NOUN
ajfa-17310	68	6	is	be	AUX
ajfa-17310	68	7	subject	subject	ADJ
ajfa-17310	68	8	to	to	ADP
ajfa-17310	68	9	manipulation	manipulation	NOUN
ajfa-17310	68	10	caused	cause	VERB
ajfa-17310	68	11	by	by	ADP
ajfa-17310	68	12	the	the	DET
ajfa-17310	68	13	recognition	recognition	NOUN
ajfa-17310	68	14	,	,	PUNCT
ajfa-17310	68	15	estimation	estimation	NOUN
ajfa-17310	68	16	and	and	CCONJ
ajfa-17310	68	17	measurement	measurement	NOUN
ajfa-17310	68	18	criteria	criterion	NOUN
ajfa-17310	68	19	employed	employ	VERB
ajfa-17310	68	20	in	in	ADP
ajfa-17310	68	21	its	its	PRON
ajfa-17310	68	22	determination	determination	NOUN
ajfa-17310	68	23	.	.	PUNCT
ajfa-17310	69	1	management	management	NOUN
ajfa-17310	69	2	may	may	AUX
ajfa-17310	69	3	manipulate	manipulate	VERB
ajfa-17310	69	4	the	the	DET
ajfa-17310	69	5	net	net	ADJ
ajfa-17310	69	6	income	income	NOUN
ajfa-17310	69	7	to	to	PART
ajfa-17310	69	8	boost	boost	VERB
ajfa-17310	69	9	their	their	PRON
ajfa-17310	69	10	compensation	compensation	NOUN
ajfa-17310	69	11	.	.	PUNCT
ajfa-17310	70	1	to	to	ADP
ajfa-17310	70	2	the	the	DET
ajfa-17310	70	3	extent	extent	NOUN
ajfa-17310	70	4	that	that	SCONJ
ajfa-17310	70	5	this	this	DET
ajfa-17310	70	6	manipulation	manipulation	NOUN
ajfa-17310	70	7	occurs	occur	VERB
ajfa-17310	70	8	,	,	PUNCT
ajfa-17310	70	9	cash	cash	NOUN
ajfa-17310	70	10	flow	flow	NOUN
ajfa-17310	70	11	from	from	ADP
ajfa-17310	70	12	operations	operation	NOUN
ajfa-17310	70	13	provides	provide	VERB
ajfa-17310	70	14	a	a	DET
ajfa-17310	70	15	better	well	ADJ
ajfa-17310	70	16	measure	measure	NOUN
ajfa-17310	70	17	of	of	ADP
ajfa-17310	70	18	a	a	DET
ajfa-17310	70	19	firm	firm	NOUN
ajfa-17310	70	20	’s	’s	PART
ajfa-17310	70	21	performance	performance	NOUN
ajfa-17310	70	22	than	than	ADP
ajfa-17310	70	23	the	the	DET
ajfa-17310	70	24	accrual	accrual	ADJ
ajfa-17310	70	25	income	income	NOUN
ajfa-17310	70	26	.	.	PUNCT
ajfa-17310	71	1	in	in	ADP
ajfa-17310	71	2	support	support	NOUN
ajfa-17310	71	3	of	of	ADP
ajfa-17310	71	4	this	this	DET
ajfa-17310	71	5	reasoning	reasoning	NOUN
ajfa-17310	71	6	,	,	PUNCT
ajfa-17310	71	7	bernstein	bernstein	PROPN
ajfa-17310	71	8	states	state	VERB
ajfa-17310	71	9	that	that	SCONJ
ajfa-17310	71	10	,	,	PUNCT
ajfa-17310	71	11	(	(	PUNCT
ajfa-17310	71	12	p.	p.	NOUN
ajfa-17310	71	13	461	461	NUM
ajfa-17310	71	14	):	):	PUNCT
ajfa-17310	71	15	cash	cash	NOUN
ajfa-17310	71	16	flow	flow	NOUN
ajfa-17310	71	17	operations	operation	NOUN
ajfa-17310	71	18	,	,	PUNCT
ajfa-17310	71	19	as	as	ADP
ajfa-17310	71	20	a	a	DET
ajfa-17310	71	21	measure	measure	NOUN
ajfa-17310	71	22	of	of	ADP
ajfa-17310	71	23	performance	performance	NOUN
ajfa-17310	71	24	,	,	PUNCT
ajfa-17310	71	25	is	be	AUX
ajfa-17310	71	26	less	less	ADV
ajfa-17310	71	27	subject	subject	ADJ
ajfa-17310	71	28	to	to	ADP
ajfa-17310	71	29	distortion	distortion	NOUN
ajfa-17310	71	30	than	than	SCONJ
ajfa-17310	71	31	is	be	AUX
ajfa-17310	71	32	the	the	DET
ajfa-17310	71	33	net	net	ADJ
ajfa-17310	71	34	income	income	NOUN
ajfa-17310	71	35	figure	figure	NOUN
ajfa-17310	71	36	.	.	PUNCT
ajfa-17310	72	1	this	this	PRON
ajfa-17310	72	2	is	be	AUX
ajfa-17310	72	3	so	so	SCONJ
ajfa-17310	72	4	because	because	SCONJ
ajfa-17310	72	5	the	the	DET
ajfa-17310	72	6	accrual	accrual	ADJ
ajfa-17310	72	7	system	system	NOUN
ajfa-17310	72	8	,	,	PUNCT
ajfa-17310	72	9	which	which	PRON
ajfa-17310	72	10	produces	produce	VERB
ajfa-17310	72	11	the	the	DET
ajfa-17310	72	12	income	income	NOUN
ajfa-17310	72	13	number	number	NOUN
ajfa-17310	72	14	,	,	PUNCT
ajfa-17310	72	15	relies	rely	VERB
ajfa-17310	72	16	on	on	ADP
ajfa-17310	72	17	accruals	accrual	NOUN
ajfa-17310	72	18	,	,	PUNCT
ajfa-17310	72	19	deferrals	deferral	NOUN
ajfa-17310	72	20	,	,	PUNCT
ajfa-17310	72	21	allocations	allocation	NOUN
ajfa-17310	72	22	and	and	CCONJ
ajfa-17310	72	23	valuations	valuation	NOUN
ajfa-17310	72	24	,	,	PUNCT
ajfa-17310	72	25	all	all	PRON
ajfa-17310	72	26	of	of	ADP
ajfa-17310	72	27	which	which	PRON
ajfa-17310	72	28	involve	involve	VERB
ajfa-17310	72	29	higher	high	ADJ
ajfa-17310	72	30	degree	degree	NOUN
ajfa-17310	72	31	of	of	ADP
ajfa-17310	72	32	subjectivity	subjectivity	NOUN
ajfa-17310	72	33	than	than	ADP
ajfa-17310	72	34	what	what	PRON
ajfa-17310	72	35	enters	enter	VERB
ajfa-17310	72	36	the	the	DET
ajfa-17310	72	37	determination	determination	NOUN
ajfa-17310	72	38	of	of	ADP
ajfa-17310	72	39	cash	cash	NOUN
ajfa-17310	72	40	flow	flow	NOUN
ajfa-17310	72	41	from	from	ADP
ajfa-17310	72	42	operations	operation	NOUN
ajfa-17310	72	43	.	.	PUNCT
ajfa-17310	73	1	similar	similar	ADJ
ajfa-17310	73	2	reasoning	reasoning	NOUN
ajfa-17310	73	3	was	be	AUX
ajfa-17310	73	4	also	also	ADV
ajfa-17310	73	5	advanced	advance	VERB
ajfa-17310	73	6	by	by	ADP
ajfa-17310	73	7	the	the	DET
ajfa-17310	73	8	financial	financial	PROPN
ajfa-17310	73	9	accounting	accounting	PROPN
ajfa-17310	73	10	standard	standard	PROPN
ajfa-17310	73	11	board	board	PROPN
ajfa-17310	73	12	(	(	PUNCT
ajfa-17310	73	13	fasb	fasb	PROPN
ajfa-17310	73	14	)	)	PUNCT
ajfa-17310	73	15	as	as	ADP
ajfa-17310	73	16	a	a	DET
ajfa-17310	73	17	justification	justification	NOUN
ajfa-17310	73	18	for	for	ADP
ajfa-17310	73	19	requiring	require	VERB
ajfa-17310	73	20	firms	firm	NOUN
ajfa-17310	73	21	to	to	PART
ajfa-17310	73	22	concentrate	concentrate	VERB
ajfa-17310	73	23	on	on	ADP
ajfa-17310	73	24	cash	cash	NOUN
ajfa-17310	73	25	flows	flow	VERB
ajfa-17310	73	26	information	information	NOUN
ajfa-17310	73	27	in	in	ADP
ajfa-17310	73	28	their	their	PRON
ajfa-17310	73	29	reporting	reporting	NOUN
ajfa-17310	73	30	system	system	NOUN
ajfa-17310	73	31	.	.	PUNCT
ajfa-17310	74	1	second	second	ADJ
ajfa-17310	74	2	,	,	PUNCT
ajfa-17310	74	3	one	one	NUM
ajfa-17310	74	4	of	of	ADP
ajfa-17310	74	5	the	the	DET
ajfa-17310	74	6	important	important	ADJ
ajfa-17310	74	7	determinants	determinant	NOUN
ajfa-17310	74	8	of	of	ADP
ajfa-17310	74	9	dividends	dividend	NOUN
ajfa-17310	74	10	is	be	AUX
ajfa-17310	74	11	liquidity	liquidity	NOUN
ajfa-17310	74	12	.	.	PUNCT
ajfa-17310	75	1	in	in	ADP
ajfa-17310	75	2	this	this	DET
ajfa-17310	75	3	regard	regard	NOUN
ajfa-17310	75	4	,	,	PUNCT
ajfa-17310	75	5	profitability	profitability	NOUN
ajfa-17310	75	6	does	do	AUX
ajfa-17310	75	7	not	not	PART
ajfa-17310	75	8	necessarily	necessarily	ADV
ajfa-17310	75	9	mean	mean	VERB
ajfa-17310	75	10	liquidity	liquidity	NOUN
ajfa-17310	75	11	or	or	CCONJ
ajfa-17310	75	12	the	the	DET
ajfa-17310	75	13	availability	availability	NOUN
ajfa-17310	75	14	of	of	ADP
ajfa-17310	75	15	cash	cash	NOUN
ajfa-17310	75	16	.	.	PUNCT
ajfa-17310	76	1	consequently	consequently	ADV
ajfa-17310	76	2	,	,	PUNCT
ajfa-17310	76	3	cash	cash	NOUN
ajfa-17310	76	4	flow	flow	NOUN
ajfa-17310	76	5	is	be	AUX
ajfa-17310	76	6	considered	consider	VERB
ajfa-17310	76	7	a	a	DET
ajfa-17310	76	8	more	more	ADV
ajfa-17310	76	9	direct	direct	ADJ
ajfa-17310	76	10	measure	measure	NOUN
ajfa-17310	76	11	of	of	ADP
ajfa-17310	76	12	liquidity	liquidity	NOUN
ajfa-17310	76	13	compared	compare	VERB
ajfa-17310	76	14	to	to	ADP
ajfa-17310	76	15	the	the	DET
ajfa-17310	76	16	accrual	accrual	ADJ
ajfa-17310	76	17	income	income	NOUN
ajfa-17310	76	18	.	.	PUNCT
ajfa-17310	77	1	based	base	VERB
ajfa-17310	77	2	on	on	ADP
ajfa-17310	77	3	the	the	DET
ajfa-17310	77	4	above	above	ADJ
ajfa-17310	77	5	reasoning	reasoning	NOUN
ajfa-17310	77	6	,	,	PUNCT
ajfa-17310	77	7	the	the	DET
ajfa-17310	77	8	following	follow	VERB
ajfa-17310	77	9	hypothesis	hypothesis	NOUN
ajfa-17310	77	10	stated	state	VERB
ajfa-17310	77	11	in	in	ADP
ajfa-17310	77	12	its	its	PRON
ajfa-17310	77	13	alternative	alternative	ADJ
ajfa-17310	77	14	form	form	NOUN
ajfa-17310	77	15	is	be	AUX
ajfa-17310	77	16	tested	test	VERB
ajfa-17310	77	17	by	by	ADP
ajfa-17310	77	18	the	the	DET
ajfa-17310	77	19	study	study	NOUN
ajfa-17310	77	20	:	:	PUNCT
ajfa-17310	78	1	h1	h1	NOUN
ajfa-17310	78	2	:	:	PUNCT
ajfa-17310	78	3	operating	operate	VERB
ajfa-17310	78	4	cash	cash	NOUN
ajfa-17310	78	5	flows	flow	NOUN
ajfa-17310	78	6	are	be	AUX
ajfa-17310	78	7	better	well	ADJ
ajfa-17310	78	8	than	than	ADP
ajfa-17310	78	9	operating	operate	VERB
ajfa-17310	78	10	net	net	ADJ
ajfa-17310	78	11	income	income	NOUN
ajfa-17310	78	12	in	in	ADP
ajfa-17310	78	13	explaining	explain	VERB
ajfa-17310	78	14	dividend	dividend	NOUN
ajfa-17310	78	15	changes	change	NOUN
ajfa-17310	78	16	.	.	PUNCT
ajfa-17310	79	1	the	the	DET
ajfa-17310	79	2	relationship	relationship	NOUN
ajfa-17310	79	3	between	between	ADP
ajfa-17310	79	4	cash	cash	NOUN
ajfa-17310	79	5	flows	flow	NOUN
ajfa-17310	79	6	and	and	CCONJ
ajfa-17310	79	7	dividend	dividend	NOUN
ajfa-17310	79	8	policy	policy	NOUN
ajfa-17310	79	9	may	may	AUX
ajfa-17310	79	10	be	be	AUX
ajfa-17310	79	11	affected	affect	VERB
ajfa-17310	79	12	by	by	ADP
ajfa-17310	79	13	the	the	DET
ajfa-17310	79	14	firm	firm	NOUN
ajfa-17310	79	15	’s	’s	PART
ajfa-17310	79	16	investment	investment	NOUN
ajfa-17310	79	17	opportunities	opportunity	NOUN
ajfa-17310	79	18	.	.	PUNCT
ajfa-17310	80	1	on	on	ADP
ajfa-17310	80	2	the	the	DET
ajfa-17310	80	3	one	one	NUM
ajfa-17310	80	4	hand	hand	NOUN
ajfa-17310	80	5	,	,	PUNCT
ajfa-17310	80	6	firms	firm	NOUN
ajfa-17310	80	7	that	that	PRON
ajfa-17310	80	8	have	have	VERB
ajfa-17310	80	9	future	future	ADJ
ajfa-17310	80	10	investment	investment	NOUN
ajfa-17310	80	11	opportunities	opportunity	NOUN
ajfa-17310	80	12	asian	asian	ADJ
ajfa-17310	80	13	journal	journal	NOUN
ajfa-17310	80	14	of	of	ADP
ajfa-17310	80	15	finance	finance	PROPN
ajfa-17310	80	16	&	&	CCONJ
ajfa-17310	80	17	accounting	accounting	PROPN
ajfa-17310	80	18	issn	issn	PROPN
ajfa-17310	80	19	1946	1946	NUM
ajfa-17310	80	20	-	-	PUNCT
ajfa-17310	80	21	052x	052x	NOUN
ajfa-17310	80	22	2020	2020	NUM
ajfa-17310	80	23	,	,	PUNCT
ajfa-17310	80	24	vol	vol	NOUN
ajfa-17310	80	25	.	.	PROPN
ajfa-17310	80	26	12	12	NUM
ajfa-17310	80	27	,	,	PUNCT
ajfa-17310	80	28	no	no	INTJ
ajfa-17310	80	29	.	.	NOUN
ajfa-17310	80	30	2	2	NUM
ajfa-17310	80	31	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	80	32	5	5	NUM
ajfa-17310	80	33	are	be	AUX
ajfa-17310	80	34	more	more	ADV
ajfa-17310	80	35	expected	expect	VERB
ajfa-17310	80	36	to	to	PART
ajfa-17310	80	37	retain	retain	VERB
ajfa-17310	80	38	their	their	PRON
ajfa-17310	80	39	cash	cash	NOUN
ajfa-17310	80	40	flows	flow	NOUN
ajfa-17310	80	41	instead	instead	ADV
ajfa-17310	80	42	of	of	ADP
ajfa-17310	80	43	paying	pay	VERB
ajfa-17310	80	44	dividends	dividend	NOUN
ajfa-17310	80	45	.	.	PUNCT
ajfa-17310	81	1	this	this	PRON
ajfa-17310	81	2	is	be	AUX
ajfa-17310	81	3	so	so	ADV
ajfa-17310	81	4	because	because	SCONJ
ajfa-17310	81	5	as	as	SCONJ
ajfa-17310	81	6	future	future	ADJ
ajfa-17310	81	7	investment	investment	NOUN
ajfa-17310	81	8	opportunities	opportunity	NOUN
ajfa-17310	81	9	grow	grow	VERB
ajfa-17310	81	10	,	,	PUNCT
ajfa-17310	81	11	the	the	DET
ajfa-17310	81	12	expected	expect	VERB
ajfa-17310	81	13	return	return	NOUN
ajfa-17310	81	14	on	on	ADP
ajfa-17310	81	15	these	these	DET
ajfa-17310	81	16	investment	investment	NOUN
ajfa-17310	81	17	opportunities	opportunity	NOUN
ajfa-17310	81	18	becomes	become	VERB
ajfa-17310	81	19	higher	high	ADJ
ajfa-17310	81	20	.	.	PUNCT
ajfa-17310	82	1	thus	thus	ADV
ajfa-17310	82	2	,	,	PUNCT
ajfa-17310	82	3	the	the	DET
ajfa-17310	82	4	firm	firm	NOUN
ajfa-17310	82	5	might	might	AUX
ajfa-17310	82	6	give	give	VERB
ajfa-17310	82	7	a	a	DET
ajfa-17310	82	8	priority	priority	NOUN
ajfa-17310	82	9	to	to	ADP
ajfa-17310	82	10	its	its	PRON
ajfa-17310	82	11	investment	investment	NOUN
ajfa-17310	82	12	opportunities	opportunity	NOUN
ajfa-17310	82	13	are	be	AUX
ajfa-17310	82	14	limited	limit	VERB
ajfa-17310	82	15	,	,	PUNCT
ajfa-17310	82	16	the	the	DET
ajfa-17310	82	17	likelihood	likelihood	NOUN
ajfa-17310	82	18	of	of	ADP
ajfa-17310	82	19	paying	pay	VERB
ajfa-17310	82	20	dividends	dividend	NOUN
ajfa-17310	82	21	increases	increase	NOUN
ajfa-17310	82	22	.	.	PUNCT
ajfa-17310	83	1	consistent	consistent	ADJ
ajfa-17310	83	2	with	with	ADP
ajfa-17310	83	3	this	this	DET
ajfa-17310	83	4	reasoning	reasoning	NOUN
ajfa-17310	83	5	,	,	PUNCT
ajfa-17310	83	6	gaver	gaver	PROPN
ajfa-17310	83	7	and	and	CCONJ
ajfa-17310	83	8	gaver	gaver	PROPN
ajfa-17310	83	9	found	find	VERB
ajfa-17310	83	10	that	that	SCONJ
ajfa-17310	83	11	a	a	DET
ajfa-17310	83	12	firm	firm	NOUN
ajfa-17310	83	13	’s	’s	PART
ajfa-17310	83	14	dividend	dividend	NOUN
ajfa-17310	83	15	yield	yield	NOUN
ajfa-17310	83	16	is	be	AUX
ajfa-17310	83	17	negatively	negatively	ADV
ajfa-17310	83	18	associated	associate	VERB
ajfa-17310	83	19	with	with	ADP
ajfa-17310	83	20	its	its	PRON
ajfa-17310	83	21	growth	growth	NOUN
ajfa-17310	83	22	opportunities	opportunity	NOUN
ajfa-17310	83	23	.	.	PUNCT
ajfa-17310	84	1	based	base	VERB
ajfa-17310	84	2	on	on	ADP
ajfa-17310	84	3	the	the	DET
ajfa-17310	84	4	above	above	NOUN
ajfa-17310	84	5	,	,	PUNCT
ajfa-17310	84	6	the	the	DET
ajfa-17310	84	7	following	follow	VERB
ajfa-17310	84	8	hypothesis	hypothesis	NOUN
ajfa-17310	84	9	stated	state	VERB
ajfa-17310	84	10	in	in	ADP
ajfa-17310	84	11	its	its	PRON
ajfa-17310	84	12	alternative	alternative	ADJ
ajfa-17310	84	13	form	form	NOUN
ajfa-17310	84	14	is	be	AUX
ajfa-17310	84	15	tested	test	VERB
ajfa-17310	84	16	by	by	ADP
ajfa-17310	84	17	the	the	DET
ajfa-17310	84	18	study	study	NOUN
ajfa-17310	84	19	:	:	PUNCT
ajfa-17310	84	20	h2	h2	NOUN
ajfa-17310	84	21	:	:	PUNCT
ajfa-17310	84	22	operating	operate	VERB
ajfa-17310	84	23	cash	cash	NOUN
ajfa-17310	84	24	flows	flow	NOUN
ajfa-17310	84	25	are	be	AUX
ajfa-17310	84	26	better	well	ADJ
ajfa-17310	84	27	than	than	ADP
ajfa-17310	84	28	operating	operate	VERB
ajfa-17310	84	29	net	net	ADJ
ajfa-17310	84	30	income	income	NOUN
ajfa-17310	84	31	in	in	ADP
ajfa-17310	84	32	explaining	explain	VERB
ajfa-17310	84	33	dividend	dividend	NOUN
ajfa-17310	84	34	changes	change	NOUN
ajfa-17310	84	35	for	for	ADP
ajfa-17310	84	36	firms	firm	NOUN
ajfa-17310	84	37	with	with	ADP
ajfa-17310	84	38	low	low	ADJ
ajfa-17310	84	39	growth	growth	NOUN
ajfa-17310	84	40	prospects	prospect	NOUN
ajfa-17310	84	41	than	than	ADP
ajfa-17310	84	42	for	for	ADP
ajfa-17310	84	43	firms	firm	NOUN
ajfa-17310	84	44	with	with	ADP
ajfa-17310	84	45	high	high	ADJ
ajfa-17310	84	46	growth	growth	NOUN
ajfa-17310	84	47	prospects	prospect	NOUN
ajfa-17310	84	48	.	.	PUNCT
ajfa-17310	85	1	3	3	X
ajfa-17310	85	2	.	.	X
ajfa-17310	85	3	methodology	methodology	NOUN
ajfa-17310	85	4	and	and	CCONJ
ajfa-17310	85	5	development	development	NOUN
ajfa-17310	85	6	of	of	ADP
ajfa-17310	85	7	hypotheses	hypothesis	NOUN
ajfa-17310	85	8	3.1	3.1	NUM
ajfa-17310	85	9	.	.	PUNCT
ajfa-17310	86	1	sample	sample	NOUN
ajfa-17310	86	2	selection	selection	NOUN
ajfa-17310	86	3	the	the	DET
ajfa-17310	86	4	following	follow	VERB
ajfa-17310	86	5	criteria	criterion	NOUN
ajfa-17310	86	6	are	be	AUX
ajfa-17310	86	7	employed	employ	VERB
ajfa-17310	86	8	to	to	PART
ajfa-17310	86	9	select	select	VERB
ajfa-17310	86	10	the	the	DET
ajfa-17310	86	11	sample	sample	NOUN
ajfa-17310	86	12	of	of	ADP
ajfa-17310	86	13	firms	firm	NOUN
ajfa-17310	86	14	used	use	VERB
ajfa-17310	86	15	in	in	ADP
ajfa-17310	86	16	this	this	DET
ajfa-17310	86	17	study	study	NOUN
ajfa-17310	86	18	:	:	PUNCT
ajfa-17310	86	19	(	(	PUNCT
ajfa-17310	86	20	1	1	X
ajfa-17310	86	21	)	)	PUNCT
ajfa-17310	86	22	annual	annual	ADJ
ajfa-17310	86	23	reports	report	NOUN
ajfa-17310	86	24	for	for	ADP
ajfa-17310	86	25	the	the	DET
ajfa-17310	86	26	period	period	NOUN
ajfa-17310	86	27	2010	2010	NUM
ajfa-17310	86	28	-	-	SYM
ajfa-17310	86	29	2016	2016	NUM
ajfa-17310	86	30	must	must	AUX
ajfa-17310	86	31	be	be	AUX
ajfa-17310	86	32	available	available	ADJ
ajfa-17310	86	33	for	for	ADP
ajfa-17310	86	34	each	each	DET
ajfa-17310	86	35	firm	firm	NOUN
ajfa-17310	86	36	included	include	VERB
ajfa-17310	86	37	in	in	ADP
ajfa-17310	86	38	the	the	DET
ajfa-17310	86	39	study	study	NOUN
ajfa-17310	86	40	;	;	PUNCT
ajfa-17310	86	41	(	(	PUNCT
ajfa-17310	86	42	2	2	X
ajfa-17310	86	43	)	)	PUNCT
ajfa-17310	86	44	the	the	DET
ajfa-17310	86	45	firm	firm	NOUN
ajfa-17310	86	46	must	must	AUX
ajfa-17310	86	47	belong	belong	VERB
ajfa-17310	86	48	to	to	ADP
ajfa-17310	86	49	the	the	DET
ajfa-17310	86	50	industrial	industrial	ADJ
ajfa-17310	86	51	sector	sector	NOUN
ajfa-17310	86	52	;	;	PUNCT
ajfa-17310	86	53	(	(	PUNCT
ajfa-17310	86	54	3	3	X
ajfa-17310	86	55	)	)	PUNCT
ajfa-17310	86	56	cash	cash	NOUN
ajfa-17310	86	57	dividends	dividend	NOUN
ajfa-17310	86	58	are	be	AUX
ajfa-17310	86	59	not	not	PART
ajfa-17310	86	60	zero	zero	NUM
ajfa-17310	86	61	for	for	ADP
ajfa-17310	86	62	the	the	DET
ajfa-17310	86	63	year	year	NOUN
ajfa-17310	86	64	under	under	ADP
ajfa-17310	86	65	examination	examination	NOUN
ajfa-17310	86	66	;	;	PUNCT
ajfa-17310	86	67	(	(	PUNCT
ajfa-17310	86	68	4	4	X
ajfa-17310	86	69	)	)	PUNCT
ajfa-17310	86	70	market	market	NOUN
ajfa-17310	86	71	value	value	NOUN
ajfa-17310	86	72	of	of	ADP
ajfa-17310	86	73	equity	equity	NOUN
ajfa-17310	86	74	(	(	PUNCT
ajfa-17310	86	75	market	market	NOUN
ajfa-17310	86	76	capitalization	capitalization	NOUN
ajfa-17310	86	77	)	)	PUNCT
ajfa-17310	86	78	,	,	PUNCT
ajfa-17310	86	79	and	and	CCONJ
ajfa-17310	86	80	market	market	NOUN
ajfa-17310	86	81	value	value	NOUN
ajfa-17310	86	82	per	per	ADP
ajfa-17310	86	83	share	share	NOUN
ajfa-17310	86	84	must	must	AUX
ajfa-17310	86	85	be	be	AUX
ajfa-17310	86	86	available	available	ADJ
ajfa-17310	86	87	at	at	ADP
ajfa-17310	86	88	the	the	DET
ajfa-17310	86	89	calendar	calendar	NOUN
ajfa-17310	86	90	–	–	PUNCT
ajfa-17310	86	91	year	year	NOUN
ajfa-17310	86	92	end	end	NOUN
ajfa-17310	86	93	for	for	ADP
ajfa-17310	86	94	each	each	DET
ajfa-17310	86	95	firm	firm	NOUN
ajfa-17310	86	96	throughout	throughout	ADP
ajfa-17310	86	97	the	the	DET
ajfa-17310	86	98	period	period	NOUN
ajfa-17310	86	99	1992	1992	NUM
ajfa-17310	86	100	-	-	SYM
ajfa-17310	86	101	1998	1998	NUM
ajfa-17310	86	102	.	.	PUNCT
ajfa-17310	87	1	forty	forty	NUM
ajfa-17310	87	2	-	-	PUNCT
ajfa-17310	87	3	two	two	NUM
ajfa-17310	87	4	industrial	industrial	ADJ
ajfa-17310	87	5	firms	firm	NOUN
ajfa-17310	87	6	listed	list	VERB
ajfa-17310	87	7	on	on	ADP
ajfa-17310	87	8	the	the	DET
ajfa-17310	87	9	amman	amman	PROPN
ajfa-17310	87	10	stock	stock	PROPN
ajfa-17310	87	11	exchange	exchange	PROPN
ajfa-17310	87	12	met	meet	VERB
ajfa-17310	87	13	these	these	DET
ajfa-17310	87	14	criteria	criterion	NOUN
ajfa-17310	87	15	.	.	PUNCT
ajfa-17310	88	1	the	the	DET
ajfa-17310	88	2	observations	observation	NOUN
ajfa-17310	88	3	collected	collect	VERB
ajfa-17310	88	4	from	from	ADP
ajfa-17310	88	5	these	these	DET
ajfa-17310	88	6	firms	firm	NOUN
ajfa-17310	88	7	were	be	AUX
ajfa-17310	88	8	checked	check	VERB
ajfa-17310	88	9	for	for	ADP
ajfa-17310	88	10	the	the	DET
ajfa-17310	88	11	presence	presence	NOUN
ajfa-17310	88	12	of	of	ADP
ajfa-17310	88	13	outliers	outlier	NOUN
ajfa-17310	88	14	,	,	PUNCT
ajfa-17310	88	15	and	and	CCONJ
ajfa-17310	88	16	these	these	PRON
ajfa-17310	88	17	were	be	AUX
ajfa-17310	88	18	subsequently	subsequently	ADV
ajfa-17310	88	19	removed	remove	VERB
ajfa-17310	88	20	from	from	ADP
ajfa-17310	88	21	the	the	DET
ajfa-17310	88	22	analysis	analysis	NOUN
ajfa-17310	88	23	.	.	PUNCT
ajfa-17310	89	1	the	the	DET
ajfa-17310	89	2	final	final	ADJ
ajfa-17310	89	3	set	set	NOUN
ajfa-17310	89	4	included	include	VERB
ajfa-17310	89	5	164	164	NUM
ajfa-17310	89	6	firm	firm	ADJ
ajfa-17310	89	7	/	/	SYM
ajfa-17310	89	8	year	year	NOUN
ajfa-17310	89	9	observations	observation	NOUN
ajfa-17310	89	10	.	.	PUNCT
ajfa-17310	90	1	3.2	3.2	NUM
ajfa-17310	90	2	measurement	measurement	NOUN
ajfa-17310	90	3	of	of	ADP
ajfa-17310	90	4	variables	variable	NOUN
ajfa-17310	90	5	measures	measure	NOUN
ajfa-17310	90	6	of	of	ADP
ajfa-17310	90	7	the	the	DET
ajfa-17310	90	8	variables	variable	NOUN
ajfa-17310	90	9	used	use	VERB
ajfa-17310	90	10	by	by	ADP
ajfa-17310	90	11	this	this	DET
ajfa-17310	90	12	study	study	NOUN
ajfa-17310	90	13	are	be	AUX
ajfa-17310	90	14	similar	similar	ADJ
ajfa-17310	90	15	to	to	ADP
ajfa-17310	90	16	those	those	PRON
ajfa-17310	90	17	employed	employ	VERB
ajfa-17310	90	18	by	by	ADP
ajfa-17310	90	19	pervious	pervious	ADJ
ajfa-17310	90	20	studies	study	NOUN
ajfa-17310	90	21	.	.	PUNCT
ajfa-17310	91	1	the	the	DET
ajfa-17310	91	2	definitions	definition	NOUN
ajfa-17310	91	3	of	of	ADP
ajfa-17310	91	4	these	these	DET
ajfa-17310	91	5	measures	measure	NOUN
ajfa-17310	91	6	are	be	AUX
ajfa-17310	91	7	as	as	SCONJ
ajfa-17310	91	8	follows	follow	VERB
ajfa-17310	91	9	:	:	PUNCT
ajfa-17310	91	10	(	(	PUNCT
ajfa-17310	91	11	1	1	X
ajfa-17310	91	12	)	)	PUNCT
ajfa-17310	91	13	dividend	dividend	NOUN
ajfa-17310	91	14	changes	change	NOUN
ajfa-17310	91	15	are	be	AUX
ajfa-17310	91	16	measured	measure	VERB
ajfa-17310	91	17	as	as	ADP
ajfa-17310	91	18	cash	cash	NOUN
ajfa-17310	91	19	dividend	dividend	NOUN
ajfa-17310	91	20	per	per	ADP
ajfa-17310	91	21	share	share	NOUN
ajfa-17310	91	22	for	for	ADP
ajfa-17310	91	23	the	the	DET
ajfa-17310	91	24	current	current	ADJ
ajfa-17310	91	25	year	year	NOUN
ajfa-17310	91	26	minus	minus	CCONJ
ajfa-17310	91	27	cash	cash	NOUN
ajfa-17310	91	28	dividend	dividend	NOUN
ajfa-17310	91	29	per	per	ADP
ajfa-17310	91	30	share	share	NOUN
ajfa-17310	91	31	for	for	ADP
ajfa-17310	91	32	the	the	DET
ajfa-17310	91	33	past	past	ADJ
ajfa-17310	91	34	year	year	NOUN
ajfa-17310	91	35	divided	divide	VERB
ajfa-17310	91	36	(	(	PUNCT
ajfa-17310	91	37	deflated	deflate	VERB
ajfa-17310	91	38	)	)	PUNCT
ajfa-17310	91	39	by	by	ADP
ajfa-17310	91	40	the	the	DET
ajfa-17310	91	41	beginning	beginning	NOUN
ajfa-17310	91	42	of	of	ADP
ajfa-17310	91	43	the	the	DET
ajfa-17310	91	44	year	year	NOUN
ajfa-17310	91	45	market	market	NOUN
ajfa-17310	91	46	price	price	NOUN
ajfa-17310	91	47	per	per	ADP
ajfa-17310	91	48	share	share	NOUN
ajfa-17310	91	49	.	.	PUNCT
ajfa-17310	92	1	(	(	PUNCT
ajfa-17310	92	2	2	2	X
ajfa-17310	92	3	)	)	PUNCT
ajfa-17310	92	4	operating	operate	VERB
ajfa-17310	92	5	income	income	NOUN
ajfa-17310	92	6	is	be	AUX
ajfa-17310	92	7	measured	measure	VERB
ajfa-17310	92	8	as	as	ADP
ajfa-17310	92	9	a	a	DET
ajfa-17310	92	10	net	net	ADJ
ajfa-17310	92	11	income	income	NOUN
ajfa-17310	92	12	before	before	ADP
ajfa-17310	92	13	extraordinary	extraordinary	ADJ
ajfa-17310	92	14	and	and	CCONJ
ajfa-17310	92	15	nonoperating	nonoperate	VERB
ajfa-17310	92	16	items	item	NOUN
ajfa-17310	92	17	for	for	ADP
ajfa-17310	92	18	the	the	DET
ajfa-17310	92	19	year	year	NOUN
ajfa-17310	92	20	divided	divide	VERB
ajfa-17310	92	21	by	by	ADP
ajfa-17310	92	22	the	the	DET
ajfa-17310	92	23	beginning	beginning	NOUN
ajfa-17310	92	24	of	of	ADP
ajfa-17310	92	25	the	the	DET
ajfa-17310	92	26	year	year	NOUN
ajfa-17310	92	27	market	market	NOUN
ajfa-17310	92	28	capitalization	capitalization	NOUN
ajfa-17310	92	29	.	.	PUNCT
ajfa-17310	93	1	(	(	PUNCT
ajfa-17310	93	2	3	3	X
ajfa-17310	93	3	)	)	PUNCT
ajfa-17310	93	4	operating	operate	VERB
ajfa-17310	93	5	cash	cash	NOUN
ajfa-17310	93	6	flows	flow	NOUN
ajfa-17310	93	7	are	be	AUX
ajfa-17310	93	8	measured	measure	VERB
ajfa-17310	93	9	by	by	ADP
ajfa-17310	93	10	adjusting	adjust	VERB
ajfa-17310	93	11	operating	operate	VERB
ajfa-17310	93	12	income	income	NOUN
ajfa-17310	93	13	for	for	ADP
ajfa-17310	93	14	non	non	ADJ
ajfa-17310	93	15	-	-	ADJ
ajfa-17310	93	16	cash	cash	ADJ
ajfa-17310	93	17	expenses	expense	NOUN
ajfa-17310	93	18	(	(	PUNCT
ajfa-17310	93	19	e.g.	e.g.	ADV
ajfa-17310	93	20	,	,	PUNCT
ajfa-17310	93	21	depreciation	depreciation	NOUN
ajfa-17310	93	22	)	)	PUNCT
ajfa-17310	93	23	and	and	CCONJ
ajfa-17310	93	24	for	for	ADP
ajfa-17310	93	25	changes	change	NOUN
ajfa-17310	93	26	in	in	ADP
ajfa-17310	93	27	working	work	VERB
ajfa-17310	93	28	capital	capital	NOUN
ajfa-17310	93	29	accounts	account	NOUN
ajfa-17310	93	30	related	relate	VERB
ajfa-17310	93	31	to	to	ADP
ajfa-17310	93	32	operations	operation	NOUN
ajfa-17310	93	33	with	with	ADP
ajfa-17310	93	34	the	the	DET
ajfa-17310	93	35	exception	exception	NOUN
ajfa-17310	93	36	to	to	ADP
ajfa-17310	93	37	changes	change	NOUN
ajfa-17310	93	38	in	in	ADP
ajfa-17310	93	39	cash	cash	NOUN
ajfa-17310	93	40	and	and	CCONJ
ajfa-17310	93	41	marketable	marketable	ADJ
ajfa-17310	93	42	securities	security	NOUN
ajfa-17310	93	43	divided	divide	VERB
ajfa-17310	93	44	by	by	ADP
ajfa-17310	93	45	the	the	DET
ajfa-17310	93	46	beginning	beginning	NOUN
ajfa-17310	93	47	of	of	ADP
ajfa-17310	93	48	the	the	DET
ajfa-17310	93	49	year	year	NOUN
ajfa-17310	93	50	market	market	NOUN
ajfa-17310	93	51	capitalization	capitalization	NOUN
ajfa-17310	93	52	.	.	PUNCT
ajfa-17310	94	1	(	(	PUNCT
ajfa-17310	94	2	4	4	X
ajfa-17310	94	3	)	)	PUNCT
ajfa-17310	94	4	lagged	lag	VERB
ajfa-17310	94	5	dividends	dividend	NOUN
ajfa-17310	94	6	are	be	AUX
ajfa-17310	94	7	measured	measure	VERB
ajfa-17310	94	8	by	by	ADP
ajfa-17310	94	9	the	the	DET
ajfa-17310	94	10	previous	previous	ADJ
ajfa-17310	94	11	year	year	NOUN
ajfa-17310	94	12	dividends	dividend	NOUN
ajfa-17310	94	13	deflated	deflate	VERB
ajfa-17310	94	14	by	by	ADP
ajfa-17310	94	15	a	a	DET
ajfa-17310	94	16	firm	firm	NOUN
ajfa-17310	94	17	’s	’s	PART
ajfa-17310	94	18	market	market	NOUN
ajfa-17310	94	19	capitalization	capitalization	NOUN
ajfa-17310	94	20	.	.	PUNCT
ajfa-17310	95	1	(	(	PUNCT
ajfa-17310	95	2	5	5	X
ajfa-17310	95	3	)	)	PUNCT
ajfa-17310	95	4	growth	growth	NOUN
ajfa-17310	95	5	prospect	prospect	NOUN
ajfa-17310	95	6	is	be	AUX
ajfa-17310	95	7	measured	measure	VERB
ajfa-17310	95	8	by	by	ADP
ajfa-17310	95	9	dividing	divide	VERB
ajfa-17310	95	10	market	market	NOUN
ajfa-17310	95	11	capitalization	capitalization	NOUN
ajfa-17310	95	12	plus	plus	CCONJ
ajfa-17310	95	13	the	the	DET
ajfa-17310	95	14	book	book	NOUN
ajfa-17310	95	15	value	value	NOUN
ajfa-17310	95	16	of	of	ADP
ajfa-17310	95	17	the	the	DET
ajfa-17310	95	18	debt	debt	NOUN
ajfa-17310	95	19	by	by	ADP
ajfa-17310	95	20	the	the	DET
ajfa-17310	95	21	book	book	NOUN
ajfa-17310	95	22	value	value	NOUN
ajfa-17310	95	23	of	of	ADP
ajfa-17310	95	24	the	the	DET
ajfa-17310	95	25	total	total	ADJ
ajfa-17310	95	26	assets	asset	NOUN
ajfa-17310	95	27	.	.	PUNCT
ajfa-17310	96	1	asian	asian	ADJ
ajfa-17310	96	2	journal	journal	PROPN
ajfa-17310	96	3	of	of	ADP
ajfa-17310	96	4	finance	finance	PROPN
ajfa-17310	96	5	&	&	CCONJ
ajfa-17310	96	6	accounting	accounting	PROPN
ajfa-17310	96	7	issn	issn	PROPN
ajfa-17310	96	8	1946	1946	NUM
ajfa-17310	96	9	-	-	PUNCT
ajfa-17310	96	10	052x	052x	NOUN
ajfa-17310	96	11	2020	2020	NUM
ajfa-17310	96	12	,	,	PUNCT
ajfa-17310	96	13	vol	vol	NOUN
ajfa-17310	96	14	.	.	PROPN
ajfa-17310	96	15	12	12	NUM
ajfa-17310	96	16	,	,	PUNCT
ajfa-17310	96	17	no	no	INTJ
ajfa-17310	96	18	.	.	NOUN
ajfa-17310	96	19	2	2	NUM
ajfa-17310	96	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	96	21	6	6	NUM
ajfa-17310	96	22	the	the	DET
ajfa-17310	96	23	use	use	NOUN
ajfa-17310	96	24	of	of	ADP
ajfa-17310	96	25	market	market	NOUN
ajfa-17310	96	26	values	value	NOUN
ajfa-17310	96	27	as	as	SCONJ
ajfa-17310	96	28	deflators	deflator	NOUN
ajfa-17310	96	29	is	be	AUX
ajfa-17310	96	30	preferable	preferable	ADJ
ajfa-17310	96	31	because	because	SCONJ
ajfa-17310	96	32	they	they	PRON
ajfa-17310	96	33	avoid	avoid	VERB
ajfa-17310	96	34	the	the	DET
ajfa-17310	96	35	bias	bias	NOUN
ajfa-17310	96	36	inherited	inherit	VERB
ajfa-17310	96	37	in	in	ADP
ajfa-17310	96	38	historical	historical	ADJ
ajfa-17310	96	39	cost	cost	NOUN
ajfa-17310	96	40	measures	measure	NOUN
ajfa-17310	96	41	.	.	PUNCT
ajfa-17310	97	1	in	in	ADP
ajfa-17310	97	2	addition	addition	NOUN
ajfa-17310	97	3	,	,	PUNCT
ajfa-17310	97	4	a	a	DET
ajfa-17310	97	5	firm	firm	NOUN
ajfa-17310	97	6	’s	’s	PART
ajfa-17310	97	7	dividend	dividend	NOUN
ajfa-17310	97	8	policy	policy	NOUN
ajfa-17310	97	9	is	be	AUX
ajfa-17310	97	10	usually	usually	ADV
ajfa-17310	97	11	driven	drive	VERB
ajfa-17310	97	12	by	by	ADP
ajfa-17310	97	13	market	market	NOUN
ajfa-17310	97	14	performance	performance	NOUN
ajfa-17310	97	15	rather	rather	ADV
ajfa-17310	97	16	than	than	ADP
ajfa-17310	97	17	by	by	ADP
ajfa-17310	97	18	book	book	NOUN
ajfa-17310	97	19	values	value	NOUN
ajfa-17310	97	20	.	.	PUNCT
ajfa-17310	98	1	3.3	3.3	NUM
ajfa-17310	98	2	empirical	empirical	ADJ
ajfa-17310	98	3	model	model	NOUN
ajfa-17310	98	4	to	to	PART
ajfa-17310	98	5	examine	examine	VERB
ajfa-17310	98	6	the	the	DET
ajfa-17310	98	7	relationship	relationship	NOUN
ajfa-17310	98	8	between	between	ADP
ajfa-17310	98	9	operating	operate	VERB
ajfa-17310	98	10	cash	cash	NOUN
ajfa-17310	98	11	flows	flow	NOUN
ajfa-17310	98	12	and	and	CCONJ
ajfa-17310	98	13	dividend	dividend	NOUN
ajfa-17310	98	14	changes	change	NOUN
ajfa-17310	98	15	,	,	PUNCT
ajfa-17310	98	16	the	the	DET
ajfa-17310	98	17	researcher	researcher	NOUN
ajfa-17310	98	18	used	use	VERB
ajfa-17310	98	19	multiple	multiple	ADJ
ajfa-17310	98	20	regression	regression	NOUN
ajfa-17310	98	21	analysis	analysis	NOUN
ajfa-17310	98	22	.	.	PUNCT
ajfa-17310	99	1	the	the	DET
ajfa-17310	99	2	analysis	analysis	NOUN
ajfa-17310	99	3	is	be	AUX
ajfa-17310	99	4	conducted	conduct	VERB
ajfa-17310	99	5	at	at	ADP
ajfa-17310	99	6	two	two	NUM
ajfa-17310	99	7	levels	level	NOUN
ajfa-17310	99	8	.	.	PUNCT
ajfa-17310	100	1	at	at	ADP
ajfa-17310	100	2	the	the	DET
ajfa-17310	100	3	first	first	ADJ
ajfa-17310	100	4	level	level	NOUN
ajfa-17310	100	5	this	this	DET
ajfa-17310	100	6	relationship	relationship	NOUN
ajfa-17310	100	7	is	be	AUX
ajfa-17310	100	8	examined	examine	VERB
ajfa-17310	100	9	for	for	ADP
ajfa-17310	100	10	the	the	DET
ajfa-17310	100	11	entire	entire	ADJ
ajfa-17310	100	12	sample	sample	NOUN
ajfa-17310	100	13	of	of	ADP
ajfa-17310	100	14	firms	firm	NOUN
ajfa-17310	100	15	using	use	VERB
ajfa-17310	100	16	pooled	pool	VERB
ajfa-17310	100	17	cross	cross	VERB
ajfa-17310	100	18	sectional	sectional	ADJ
ajfa-17310	100	19	/time	/time	PROPN
ajfa-17310	100	20	series	series	PROPN
ajfa-17310	100	21	regression	regression	PROPN
ajfa-17310	100	22	during	during	ADP
ajfa-17310	100	23	the	the	DET
ajfa-17310	100	24	period	period	NOUN
ajfa-17310	100	25	2010	2010	NUM
ajfa-17310	100	26	-	-	SYM
ajfa-17310	100	27	2016	2016	NUM
ajfa-17310	100	28	,	,	PUNCT
ajfa-17310	100	29	while	while	SCONJ
ajfa-17310	100	30	at	at	ADP
ajfa-17310	100	31	the	the	DET
ajfa-17310	100	32	second	second	ADJ
ajfa-17310	100	33	level	level	NOUN
ajfa-17310	100	34	,	,	PUNCT
ajfa-17310	100	35	the	the	DET
ajfa-17310	100	36	relationship	relationship	NOUN
ajfa-17310	100	37	is	be	AUX
ajfa-17310	100	38	tested	test	VERB
ajfa-17310	100	39	after	after	ADP
ajfa-17310	100	40	dividing	divide	VERB
ajfa-17310	100	41	the	the	DET
ajfa-17310	100	42	sample	sample	NOUN
ajfa-17310	100	43	into	into	ADP
ajfa-17310	100	44	two	two	NUM
ajfa-17310	100	45	groups	group	NOUN
ajfa-17310	100	46	;	;	PUNCT
ajfa-17310	100	47	high	high	ADJ
ajfa-17310	100	48	growth	growth	NOUN
ajfa-17310	100	49	firms	firm	NOUN
ajfa-17310	100	50	versus	versus	ADP
ajfa-17310	100	51	low	low	ADJ
ajfa-17310	100	52	growth	growth	NOUN
ajfa-17310	100	53	firms	firm	NOUN
ajfa-17310	100	54	.	.	PUNCT
ajfa-17310	101	1	building	build	VERB
ajfa-17310	101	2	on	on	ADP
ajfa-17310	101	3	multivariate	multivariate	NOUN
ajfa-17310	101	4	analysis	analysis	NOUN
ajfa-17310	101	5	,	,	PUNCT
ajfa-17310	101	6	the	the	DET
ajfa-17310	101	7	regression	regression	NOUN
ajfa-17310	101	8	model	model	NOUN
ajfa-17310	101	9	is	be	AUX
ajfa-17310	101	10	:	:	PUNCT
ajfa-17310	101	11	adivit	adivit	ADJ
ajfa-17310	101	12	=	=	SYM
ajfa-17310	101	13	b0	b0	PROPN
ajfa-17310	101	14	+	+	CCONJ
ajfa-17310	101	15	b1	b1	NOUN
ajfa-17310	101	16	opcfit	opcfit	NOUN
ajfa-17310	101	17	+	+	CCONJ
ajfa-17310	101	18	b2	b2	NOUN
ajfa-17310	101	19	opniit	opniit	NOUN
ajfa-17310	101	20	+	+	CCONJ
ajfa-17310	101	21	b3ldivit	b3ldivit	PROPN
ajfa-17310	102	1	+	+	CCONJ
ajfa-17310	102	2	eit	eit	INTJ
ajfa-17310	102	3	where	where	SCONJ
ajfa-17310	102	4	:	:	PUNCT
ajfa-17310	102	5	adivit	adivit	ADJ
ajfa-17310	102	6	=	=	NOUN
ajfa-17310	102	7	change	change	NOUN
ajfa-17310	102	8	in	in	ADP
ajfa-17310	102	9	dividends	dividend	NOUN
ajfa-17310	102	10	for	for	ADP
ajfa-17310	102	11	firm	firm	ADJ
ajfa-17310	102	12	-	-	PUNCT
ajfa-17310	102	13	year	year	NOUN
ajfa-17310	102	14	i	i	PRON
ajfa-17310	102	15	in	in	ADP
ajfa-17310	102	16	time	time	NOUN
ajfa-17310	102	17	t	t	PROPN
ajfa-17310	102	18	,	,	PUNCT
ajfa-17310	102	19	opcfit	opcfit	NOUN
ajfa-17310	102	20	=	=	SYM
ajfa-17310	102	21	operating	operate	VERB
ajfa-17310	102	22	cash	cash	NOUN
ajfa-17310	102	23	flows	flow	NOUN
ajfa-17310	102	24	for	for	ADP
ajfa-17310	102	25	firm	firm	ADJ
ajfa-17310	102	26	-	-	PUNCT
ajfa-17310	102	27	year	year	NOUN
ajfa-17310	102	28	i	i	PRON
ajfa-17310	102	29	in	in	ADP
ajfa-17310	102	30	time	time	NOUN
ajfa-17310	102	31	t	t	PROPN
ajfa-17310	102	32	,	,	PUNCT
ajfa-17310	102	33	opniit	opniit	NOUN
ajfa-17310	102	34	=	=	NOUN
ajfa-17310	102	35	operating	operate	VERB
ajfa-17310	102	36	net	net	ADJ
ajfa-17310	102	37	incone	incone	NOUN
ajfa-17310	102	38	for	for	ADP
ajfa-17310	102	39	firm	firm	ADJ
ajfa-17310	102	40	-	-	PUNCT
ajfa-17310	102	41	year	year	NOUN
ajfa-17310	102	42	i	i	PRON
ajfa-17310	102	43	in	in	ADP
ajfa-17310	102	44	time	time	NOUN
ajfa-17310	102	45	t	t	PROPN
ajfa-17310	102	46	,	,	PUNCT
ajfa-17310	102	47	ldivit	ldivit	NOUN
ajfa-17310	102	48	=	=	NUM
ajfa-17310	102	49	lagged	lag	VERB
ajfa-17310	102	50	dividends	dividend	NOUN
ajfa-17310	102	51	for	for	ADP
ajfa-17310	102	52	firm	firm	ADJ
ajfa-17310	102	53	-	-	PUNCT
ajfa-17310	102	54	year	year	NOUN
ajfa-17310	102	55	i	i	PRON
ajfa-17310	102	56	in	in	ADP
ajfa-17310	102	57	time	time	NOUN
ajfa-17310	102	58	t-1	t-1	PROPN
ajfa-17310	102	59	,	,	PUNCT
ajfa-17310	102	60	eit	eit	NOUN
ajfa-17310	102	61	=	=	NOUN
ajfa-17310	102	62	error	error	NOUN
ajfa-17310	102	63	term	term	NOUN
ajfa-17310	102	64	,	,	PUNCT
ajfa-17310	102	65	b1	b1	NOUN
ajfa-17310	102	66	=	=	PRON
ajfa-17310	102	67	the	the	DET
ajfa-17310	102	68	regression	regression	NOUN
ajfa-17310	102	69	coefficients	coefficient	VERB
ajfa-17310	102	70	m	m	PROPN
ajfa-17310	102	71	,	,	PUNCT
ajfa-17310	102	72	i=0	i=0	PROPN
ajfa-17310	102	73	,	,	PUNCT
ajfa-17310	102	74	1,2,3	1,2,3	NUM
ajfa-17310	102	75	the	the	DET
ajfa-17310	102	76	above	above	ADJ
ajfa-17310	102	77	regression	regression	NOUN
ajfa-17310	102	78	model	model	NOUN
ajfa-17310	102	79	is	be	AUX
ajfa-17310	102	80	used	use	VERB
ajfa-17310	102	81	to	to	PART
ajfa-17310	102	82	estimate	estimate	VERB
ajfa-17310	102	83	the	the	DET
ajfa-17310	102	84	coefficients	coefficient	NOUN
ajfa-17310	102	85	of	of	ADP
ajfa-17310	102	86	the	the	DET
ajfa-17310	102	87	variables	variable	NOUN
ajfa-17310	102	88	.	.	PUNCT
ajfa-17310	103	1	the	the	DET
ajfa-17310	103	2	purpose	purpose	NOUN
ajfa-17310	103	3	of	of	ADP
ajfa-17310	103	4	this	this	DET
ajfa-17310	103	5	model	model	NOUN
ajfa-17310	103	6	is	be	AUX
ajfa-17310	103	7	to	to	PART
ajfa-17310	103	8	test	test	VERB
ajfa-17310	103	9	whether	whether	SCONJ
ajfa-17310	103	10	the	the	DET
ajfa-17310	103	11	variable	variable	ADJ
ajfa-17310	103	12	operating	operate	VERB
ajfa-17310	103	13	cash	cash	NOUN
ajfa-17310	103	14	flow	flow	NOUN
ajfa-17310	103	15	contributes	contribute	VERB
ajfa-17310	103	16	significantly	significantly	ADV
ajfa-17310	103	17	and	and	CCONJ
ajfa-17310	103	18	positively	positively	ADV
ajfa-17310	103	19	to	to	ADP
ajfa-17310	103	20	the	the	DET
ajfa-17310	103	21	predictions	prediction	NOUN
ajfa-17310	103	22	of	of	ADP
ajfa-17310	103	23	dividend	dividend	NOUN
ajfa-17310	103	24	changes	change	NOUN
ajfa-17310	103	25	given	give	VERB
ajfa-17310	103	26	the	the	DET
ajfa-17310	103	27	operating	operate	VERB
ajfa-17310	103	28	net	net	ADJ
ajfa-17310	103	29	income	income	NOUN
ajfa-17310	103	30	.	.	PUNCT
ajfa-17310	104	1	4	4	X
ajfa-17310	104	2	.	.	X
ajfa-17310	104	3	data	datum	NOUN
ajfa-17310	104	4	analysis	analysis	NOUN
ajfa-17310	104	5	,	,	PUNCT
ajfa-17310	104	6	results	result	NOUN
ajfa-17310	104	7	/	/	SYM
ajfa-17310	104	8	interpretation	interpretation	NOUN
ajfa-17310	104	9	and	and	CCONJ
ajfa-17310	104	10	discussion	discussion	NOUN
ajfa-17310	104	11	of	of	ADP
ajfa-17310	104	12	findings	finding	NOUN
ajfa-17310	104	13	4.1	4.1	NUM
ajfa-17310	104	14	.	.	PUNCT
ajfa-17310	105	1	descriptive	descriptive	ADJ
ajfa-17310	105	2	statistics	statistic	NOUN
ajfa-17310	105	3	table	table	NOUN
ajfa-17310	105	4	(	(	PUNCT
ajfa-17310	105	5	1	1	NUM
ajfa-17310	105	6	)	)	PUNCT
ajfa-17310	105	7	,	,	PUNCT
ajfa-17310	105	8	panel	panel	NOUN
ajfa-17310	105	9	a	a	DET
ajfa-17310	105	10	presents	present	VERB
ajfa-17310	105	11	a	a	DET
ajfa-17310	105	12	summary	summary	NOUN
ajfa-17310	105	13	of	of	ADP
ajfa-17310	105	14	the	the	DET
ajfa-17310	105	15	statistics	statistic	NOUN
ajfa-17310	105	16	of	of	ADP
ajfa-17310	105	17	the	the	DET
ajfa-17310	105	18	variables	variable	NOUN
ajfa-17310	105	19	used	use	VERB
ajfa-17310	105	20	in	in	ADP
ajfa-17310	105	21	the	the	DET
ajfa-17310	105	22	study	study	NOUN
ajfa-17310	105	23	for	for	ADP
ajfa-17310	105	24	the	the	DET
ajfa-17310	105	25	full	full	ADJ
ajfa-17310	105	26	sample	sample	NOUN
ajfa-17310	105	27	.	.	PUNCT
ajfa-17310	106	1	as	as	SCONJ
ajfa-17310	106	2	seen	see	VERB
ajfa-17310	106	3	from	from	ADP
ajfa-17310	106	4	the	the	DET
ajfa-17310	106	5	table	table	NOUN
ajfa-17310	106	6	,	,	PUNCT
ajfa-17310	106	7	the	the	DET
ajfa-17310	106	8	mean	mean	NOUN
ajfa-17310	106	9	of	of	ADP
ajfa-17310	106	10	the	the	DET
ajfa-17310	106	11	dividend	dividend	NOUN
ajfa-17310	106	12	changes	change	VERB
ajfa-17310	106	13	variable	variable	NOUN
ajfa-17310	106	14	(	(	PUNCT
ajfa-17310	106	15	adiv	adiv	PROPN
ajfa-17310	106	16	)	)	PUNCT
ajfa-17310	106	17	(	(	PUNCT
ajfa-17310	106	18	normalized	normalize	VERB
ajfa-17310	106	19	by	by	ADP
ajfa-17310	106	20	market	market	NOUN
ajfa-17310	106	21	price	price	NOUN
ajfa-17310	106	22	per	per	ADP
ajfa-17310	106	23	share	share	NOUN
ajfa-17310	106	24	)	)	PUNCT
ajfa-17310	106	25	is	be	AUX
ajfa-17310	106	26	0.0046	0.0046	NUM
ajfa-17310	106	27	with	with	ADP
ajfa-17310	106	28	a	a	DET
ajfa-17310	106	29	high	high	ADJ
ajfa-17310	106	30	standard	standard	ADJ
ajfa-17310	106	31	deviation	deviation	NOUN
ajfa-17310	106	32	indicating	indicate	VERB
ajfa-17310	106	33	that	that	SCONJ
ajfa-17310	106	34	there	there	PRON
ajfa-17310	106	35	is	be	VERB
ajfa-17310	106	36	a	a	DET
ajfa-17310	106	37	considerable	considerable	ADJ
ajfa-17310	106	38	variation	variation	NOUN
ajfa-17310	106	39	in	in	ADP
ajfa-17310	106	40	dividend	dividend	NOUN
ajfa-17310	106	41	changes	change	NOUN
ajfa-17310	106	42	among	among	ADP
ajfa-17310	106	43	the	the	DET
ajfa-17310	106	44	164	164	NUM
ajfa-17310	106	45	firm	firm	ADJ
ajfa-17310	106	46	/	/	SYM
ajfa-17310	106	47	year	year	NOUN
ajfa-17310	106	48	observations	observation	NOUN
ajfa-17310	106	49	.	.	PUNCT
ajfa-17310	107	1	it	it	PRON
ajfa-17310	107	2	can	can	AUX
ajfa-17310	107	3	also	also	ADV
ajfa-17310	107	4	be	be	AUX
ajfa-17310	107	5	seen	see	VERB
ajfa-17310	107	6	that	that	SCONJ
ajfa-17310	107	7	the	the	DET
ajfa-17310	107	8	mean	mean	NOUN
ajfa-17310	107	9	of	of	ADP
ajfa-17310	107	10	the	the	DET
ajfa-17310	107	11	operating	operate	VERB
ajfa-17310	107	12	cash	cash	NOUN
ajfa-17310	107	13	variable	variable	NOUN
ajfa-17310	107	14	exceeded	exceed	VERB
ajfa-17310	107	15	that	that	PRON
ajfa-17310	107	16	of	of	ADP
ajfa-17310	107	17	the	the	DET
ajfa-17310	107	18	operating	operate	VERB
ajfa-17310	107	19	net	net	ADJ
ajfa-17310	107	20	income	income	NOUN
ajfa-17310	107	21	variable	variable	NOUN
ajfa-17310	107	22	although	although	SCONJ
ajfa-17310	107	23	the	the	DET
ajfa-17310	107	24	difference	difference	NOUN
ajfa-17310	107	25	is	be	AUX
ajfa-17310	107	26	not	not	PART
ajfa-17310	107	27	statistically	statistically	ADV
ajfa-17310	107	28	significant	significant	ADJ
ajfa-17310	107	29	at	at	ADP
ajfa-17310	107	30	the	the	DET
ajfa-17310	107	31	5	5	NUM
ajfa-17310	107	32	%	%	NOUN
ajfa-17310	107	33	level	level	NOUN
ajfa-17310	107	34	.	.	PUNCT
ajfa-17310	108	1	however	however	ADV
ajfa-17310	108	2	,	,	PUNCT
ajfa-17310	108	3	the	the	DET
ajfa-17310	108	4	standard	standard	ADJ
ajfa-17310	108	5	deviation	deviation	NOUN
ajfa-17310	108	6	of	of	ADP
ajfa-17310	108	7	the	the	DET
ajfa-17310	108	8	operating	operate	VERB
ajfa-17310	108	9	cash	cash	NOUN
ajfa-17310	108	10	flows	flow	VERB
ajfa-17310	108	11	variable	variable	NOUN
ajfa-17310	108	12	is	be	AUX
ajfa-17310	108	13	much	much	ADV
ajfa-17310	108	14	higher	high	ADJ
ajfa-17310	108	15	than	than	ADP
ajfa-17310	108	16	that	that	PRON
ajfa-17310	108	17	of	of	ADP
ajfa-17310	108	18	the	the	DET
ajfa-17310	108	19	operating	operate	VERB
ajfa-17310	108	20	net	net	ADJ
ajfa-17310	108	21	income	income	NOUN
ajfa-17310	108	22	variable	variable	NOUN
ajfa-17310	108	23	.	.	PUNCT
ajfa-17310	109	1	this	this	PRON
ajfa-17310	109	2	is	be	AUX
ajfa-17310	109	3	consistent	consistent	ADJ
ajfa-17310	109	4	with	with	ADP
ajfa-17310	109	5	the	the	DET
ajfa-17310	109	6	notion	notion	NOUN
ajfa-17310	109	7	that	that	SCONJ
ajfa-17310	109	8	the	the	DET
ajfa-17310	109	9	operating	operate	VERB
ajfa-17310	109	10	cash	cash	NOUN
ajfa-17310	109	11	flow	flow	NOUN
ajfa-17310	109	12	is	be	AUX
ajfa-17310	109	13	deemed	deem	VERB
ajfa-17310	109	14	a	a	DET
ajfa-17310	109	15	noisier	noisy	ADJ
ajfa-17310	109	16	measure	measure	NOUN
ajfa-17310	109	17	of	of	ADP
ajfa-17310	109	18	performance	performance	NOUN
ajfa-17310	109	19	compared	compare	VERB
ajfa-17310	109	20	with	with	ADP
ajfa-17310	109	21	the	the	DET
ajfa-17310	109	22	operating	operate	VERB
ajfa-17310	109	23	income	income	NOUN
ajfa-17310	109	24	.	.	PUNCT
ajfa-17310	110	1	panels	panel	NOUN
ajfa-17310	110	2	b	b	PROPN
ajfa-17310	110	3	and	and	CCONJ
ajfa-17310	110	4	c	c	PROPN
ajfa-17310	110	5	of	of	ADP
ajfa-17310	110	6	table	table	NOUN
ajfa-17310	110	7	(	(	PUNCT
ajfa-17310	110	8	1	1	NUM
ajfa-17310	110	9	)	)	PUNCT
ajfa-17310	110	10	present	present	ADJ
ajfa-17310	110	11	descriptive	descriptive	ADJ
ajfa-17310	110	12	statistics	statistic	NOUN
ajfa-17310	110	13	of	of	ADP
ajfa-17310	110	14	the	the	DET
ajfa-17310	110	15	variables	variable	NOUN
ajfa-17310	110	16	of	of	ADP
ajfa-17310	110	17	the	the	DET
ajfa-17310	110	18	study	study	NOUN
ajfa-17310	110	19	after	after	SCONJ
ajfa-17310	110	20	the	the	DET
ajfa-17310	110	21	researcher	researcher	NOUN
ajfa-17310	110	22	had	have	AUX
ajfa-17310	110	23	divided	divide	VERB
ajfa-17310	110	24	the	the	DET
ajfa-17310	110	25	sample	sample	NOUN
ajfa-17310	110	26	of	of	ADP
ajfa-17310	110	27	firms	firm	NOUN
ajfa-17310	110	28	into	into	ADP
ajfa-17310	110	29	a	a	DET
ajfa-17310	110	30	low	low	ADJ
ajfa-17310	110	31	growth	growth	NOUN
ajfa-17310	110	32	firms	firm	NOUN
ajfa-17310	110	33	and	and	CCONJ
ajfa-17310	110	34	high	high	ADJ
ajfa-17310	110	35	growth	growth	NOUN
ajfa-17310	110	36	firms	firm	NOUN
ajfa-17310	110	37	according	accord	VERB
ajfa-17310	110	38	to	to	ADP
ajfa-17310	110	39	market	market	NOUN
ajfa-17310	110	40	to	to	ADP
ajfa-17310	110	41	book	book	NOUN
ajfa-17310	110	42	value	value	NOUN
ajfa-17310	110	43	ratio	ratio	NOUN
ajfa-17310	110	44	.	.	PUNCT
ajfa-17310	111	1	as	as	SCONJ
ajfa-17310	111	2	seen	see	VERB
ajfa-17310	111	3	,	,	PUNCT
ajfa-17310	111	4	the	the	DET
ajfa-17310	111	5	low	low	ADJ
ajfa-17310	111	6	growth	growth	NOUN
ajfa-17310	111	7	firms	firm	NOUN
ajfa-17310	111	8	have	have	VERB
ajfa-17310	111	9	a	a	DET
ajfa-17310	111	10	lower	low	ADJ
ajfa-17310	111	11	average	average	ADJ
ajfa-17310	111	12	asian	asian	ADJ
ajfa-17310	111	13	journal	journal	NOUN
ajfa-17310	111	14	of	of	ADP
ajfa-17310	111	15	finance	finance	PROPN
ajfa-17310	111	16	&	&	CCONJ
ajfa-17310	111	17	accounting	accounting	PROPN
ajfa-17310	111	18	issn	issn	PROPN
ajfa-17310	111	19	1946	1946	NUM
ajfa-17310	111	20	-	-	PUNCT
ajfa-17310	111	21	052x	052x	NOUN
ajfa-17310	111	22	2020	2020	NUM
ajfa-17310	111	23	,	,	PUNCT
ajfa-17310	111	24	vol	vol	NOUN
ajfa-17310	111	25	.	.	PROPN
ajfa-17310	111	26	12	12	NUM
ajfa-17310	111	27	,	,	PUNCT
ajfa-17310	111	28	no	no	INTJ
ajfa-17310	111	29	.	.	NOUN
ajfa-17310	111	30	2	2	NUM
ajfa-17310	111	31	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	111	32	7	7	NUM
ajfa-17310	111	33	operating	operate	VERB
ajfa-17310	111	34	net	net	ADJ
ajfa-17310	111	35	income	income	NOUN
ajfa-17310	111	36	and	and	CCONJ
ajfa-17310	111	37	operating	operate	VERB
ajfa-17310	111	38	cash	cash	NOUN
ajfa-17310	111	39	flows	flow	NOUN
ajfa-17310	111	40	compared	compare	VERB
ajfa-17310	111	41	to	to	ADP
ajfa-17310	111	42	those	those	PRON
ajfa-17310	111	43	of	of	ADP
ajfa-17310	111	44	the	the	DET
ajfa-17310	111	45	high	high	ADJ
ajfa-17310	111	46	growth	growth	NOUN
ajfa-17310	111	47	firms	firm	NOUN
ajfa-17310	111	48	.	.	PUNCT
ajfa-17310	112	1	it	it	PRON
ajfa-17310	112	2	can	can	AUX
ajfa-17310	112	3	also	also	ADV
ajfa-17310	112	4	be	be	AUX
ajfa-17310	112	5	noted	note	VERB
ajfa-17310	112	6	that	that	SCONJ
ajfa-17310	112	7	the	the	DET
ajfa-17310	112	8	changes	change	NOUN
ajfa-17310	112	9	in	in	ADP
ajfa-17310	112	10	dividends	dividend	NOUN
ajfa-17310	112	11	(	(	PUNCT
ajfa-17310	112	12	adiv	adiv	NOUN
ajfa-17310	112	13	)	)	PUNCT
ajfa-17310	112	14	,	,	PUNCT
ajfa-17310	112	15	though	though	SCONJ
ajfa-17310	112	16	negative	negative	ADJ
ajfa-17310	112	17	,	,	PUNCT
ajfa-17310	112	18	is	be	AUX
ajfa-17310	112	19	higher	high	ADJ
ajfa-17310	112	20	for	for	ADP
ajfa-17310	112	21	the	the	DET
ajfa-17310	112	22	low	low	ADJ
ajfa-17310	112	23	growth	growth	NOUN
ajfa-17310	112	24	firms	firm	NOUN
ajfa-17310	112	25	than	than	ADP
ajfa-17310	112	26	that	that	PRON
ajfa-17310	112	27	for	for	ADP
ajfa-17310	112	28	the	the	DET
ajfa-17310	112	29	high	high	ADJ
ajfa-17310	112	30	growth	growth	NOUN
ajfa-17310	112	31	firms	firm	NOUN
ajfa-17310	112	32	.	.	PUNCT
ajfa-17310	113	1	finally	finally	ADV
ajfa-17310	113	2	,	,	PUNCT
ajfa-17310	113	3	it	it	PRON
ajfa-17310	113	4	is	be	AUX
ajfa-17310	113	5	worth	worth	ADJ
ajfa-17310	113	6	mentioning	mention	VERB
ajfa-17310	113	7	that	that	SCONJ
ajfa-17310	113	8	the	the	DET
ajfa-17310	113	9	mean	mean	ADJ
ajfa-17310	113	10	opcf	opcf	PROPN
ajfa-17310	113	11	is	be	AUX
ajfa-17310	113	12	higher	high	ADJ
ajfa-17310	113	13	than	than	ADP
ajfa-17310	113	14	the	the	DET
ajfa-17310	113	15	mean	mean	ADJ
ajfa-17310	113	16	opni	opni	NOUN
ajfa-17310	113	17	for	for	ADP
ajfa-17310	113	18	the	the	DET
ajfa-17310	113	19	high	high	ADJ
ajfa-17310	113	20	growth	growth	NOUN
ajfa-17310	113	21	firms	firm	NOUN
ajfa-17310	113	22	,	,	PUNCT
ajfa-17310	113	23	while	while	SCONJ
ajfa-17310	113	24	the	the	DET
ajfa-17310	113	25	mean	mean	ADJ
ajfa-17310	113	26	opni	opni	NOUN
ajfa-17310	113	27	is	be	AUX
ajfa-17310	113	28	higher	high	ADJ
ajfa-17310	113	29	than	than	ADP
ajfa-17310	113	30	the	the	DET
ajfa-17310	113	31	mean	mean	ADJ
ajfa-17310	113	32	opcf	opcf	NOUN
ajfa-17310	113	33	for	for	ADP
ajfa-17310	113	34	the	the	DET
ajfa-17310	113	35	low	low	ADJ
ajfa-17310	113	36	growth	growth	NOUN
ajfa-17310	113	37	firms	firm	NOUN
ajfa-17310	113	38	.	.	PUNCT
ajfa-17310	114	1	this	this	PRON
ajfa-17310	114	2	suggests	suggest	VERB
ajfa-17310	114	3	that	that	SCONJ
ajfa-17310	114	4	on	on	ADP
ajfa-17310	114	5	average	average	ADJ
ajfa-17310	114	6	the	the	DET
ajfa-17310	114	7	higher	high	ADJ
ajfa-17310	114	8	operating	operate	VERB
ajfa-17310	114	9	cash	cash	NOUN
ajfa-17310	114	10	flows	flow	NOUN
ajfa-17310	114	11	compared	compare	VERB
ajfa-17310	114	12	to	to	ADP
ajfa-17310	114	13	operating	operate	VERB
ajfa-17310	114	14	net	net	ADJ
ajfa-17310	114	15	income	income	NOUN
ajfa-17310	114	16	,	,	PUNCT
ajfa-17310	114	17	the	the	PRON
ajfa-17310	114	18	better	well	ADJ
ajfa-17310	114	19	the	the	DET
ajfa-17310	114	20	market	market	NOUN
ajfa-17310	114	21	performance	performance	NOUN
ajfa-17310	114	22	of	of	ADP
ajfa-17310	114	23	the	the	DET
ajfa-17310	114	24	firm	firm	NOUN
ajfa-17310	114	25	as	as	SCONJ
ajfa-17310	114	26	reflected	reflect	VERB
ajfa-17310	114	27	by	by	ADP
ajfa-17310	114	28	the	the	DET
ajfa-17310	114	29	market	market	NOUN
ajfa-17310	114	30	to	to	ADP
ajfa-17310	114	31	book	book	NOUN
ajfa-17310	114	32	value	value	NOUN
ajfa-17310	114	33	ratio	ratio	NOUN
ajfa-17310	114	34	.	.	PUNCT
ajfa-17310	115	1	table	table	NOUN
ajfa-17310	115	2	1	1	NUM
ajfa-17310	115	3	.	.	PUNCT
ajfa-17310	115	4	descriptive	descriptive	ADJ
ajfa-17310	115	5	statistics	statistics	PROPN
ajfa-17310	115	6	panel	panel	NOUN
ajfa-17310	115	7	a	a	DET
ajfa-17310	115	8	:	:	PUNCT
ajfa-17310	115	9	full	full	ADJ
ajfa-17310	115	10	sample	sample	NOUN
ajfa-17310	115	11	(	(	PUNCT
ajfa-17310	115	12	n	n	NOUN
ajfa-17310	115	13	=	=	SYM
ajfa-17310	115	14	164	164	NUM
ajfa-17310	115	15	)	)	PUNCT
ajfa-17310	115	16	mean	mean	PROPN
ajfa-17310	115	17	st	st	PROPN
ajfa-17310	115	18	.	.	PROPN
ajfa-17310	115	19	deviation	deviation	PROPN
ajfa-17310	115	20	minimum	minimum	ADJ
ajfa-17310	115	21	maximum	maximum	ADJ
ajfa-17310	115	22	adiv	adiv	NOUN
ajfa-17310	115	23	-.0046	-.0046	PUNCT
ajfa-17310	115	24	.0488	.0488	PROPN
ajfa-17310	115	25	-.3395	-.3395	PROPN
ajfa-17310	116	1	.4139	.4139	PROPN
ajfa-17310	116	2	opcf	opcf	PROPN
ajfa-17310	116	3	.0963	.0963	PROPN
ajfa-17310	117	1	.3196	.3196	PROPN
ajfa-17310	118	1	-2.309	-2.309	NUM
ajfa-17310	118	2	1.926	1.926	NUM
ajfa-17310	118	3	opni	opni	NOUN
ajfa-17310	118	4	.0732	.0732	PROPN
ajfa-17310	118	5	.0963	.0963	PROPN
ajfa-17310	118	6	-.3994	-.3994	PUNCT
ajfa-17310	119	1	.4220	.4220	PROPN
ajfa-17310	119	2	ldiv	ldiv	INTJ
ajfa-17310	119	3	.0308	.0308	PROPN
ajfa-17310	119	4	.0240	.0240	PROPN
ajfa-17310	119	5	0	0	PUNCT
ajfa-17310	120	1	.1340	.1340	PROPN
ajfa-17310	120	2	gp	gp	PROPN
ajfa-17310	121	1	1.2687	1.2687	NUM
ajfa-17310	121	2	.6018	.6018	PROPN
ajfa-17310	121	3	.2620	.2620	PROPN
ajfa-17310	122	1	3.795	3.795	NUM
ajfa-17310	122	2	panel	panel	NOUN
ajfa-17310	122	3	b	b	NOUN
ajfa-17310	122	4	:	:	PUNCT
ajfa-17310	122	5	low	low	ADJ
ajfa-17310	122	6	growth	growth	NOUN
ajfa-17310	122	7	firms	firm	NOUN
ajfa-17310	122	8	(	(	PUNCT
ajfa-17310	122	9	n	n	NOUN
ajfa-17310	122	10	=	=	SYM
ajfa-17310	122	11	82	82	NUM
ajfa-17310	122	12	)	)	PUNCT
ajfa-17310	122	13	mean	mean	PROPN
ajfa-17310	122	14	st	st	PROPN
ajfa-17310	122	15	.	.	PROPN
ajfa-17310	122	16	deviation	deviation	PROPN
ajfa-17310	122	17	minimum	minimum	ADJ
ajfa-17310	122	18	maximum	maximum	NOUN
ajfa-17310	122	19	adiv	adiv	PROPN
ajfa-17310	122	20	-.0054	-.0054	PUNCT
ajfa-17310	122	21	.0648	.0648	PROPN
ajfa-17310	122	22	-.3395	-.3395	PROPN
ajfa-17310	122	23	.4139	.4139	PROPN
ajfa-17310	122	24	opcf	opcf	PROPN
ajfa-17310	123	1	.0581	.0581	PROPN
ajfa-17310	123	2	.3740	.3740	PRON
ajfa-17310	123	3	-2.3099	-2.3099	PUNCT
ajfa-17310	124	1	1.0390	1.0390	NUM
ajfa-17310	124	2	opni	opni	NOUN
ajfa-17310	124	3	.0724	.0724	PROPN
ajfa-17310	124	4	.1142	.1142	PROPN
ajfa-17310	124	5	-.3994	-.3994	PUNCT
ajfa-17310	124	6	.4220	.4220	PROPN
ajfa-17310	124	7	ldiv	ldiv	NOUN
ajfa-17310	124	8	.0286	.0286	PROPN
ajfa-17310	124	9	.0246	.0246	PROPN
ajfa-17310	124	10	0	0	PUNCT
ajfa-17310	124	11	.1340	.1340	PROPN
ajfa-17310	125	1	gp	gp	NOUN
ajfa-17310	125	2	.8410	.8410	PROPN
ajfa-17310	126	1	.2490	.2490	PROPN
ajfa-17310	127	1	.2620	.2620	NUM
ajfa-17310	127	2	1.198	1.198	NUM
ajfa-17310	127	3	panel	panel	NOUN
ajfa-17310	127	4	c	c	NOUN
ajfa-17310	127	5	:	:	PUNCT
ajfa-17310	127	6	high	high	ADJ
ajfa-17310	127	7	growth	growth	NOUN
ajfa-17310	127	8	firms	firm	NOUN
ajfa-17310	127	9	(	(	PUNCT
ajfa-17310	127	10	n	n	NOUN
ajfa-17310	127	11	=	=	SYM
ajfa-17310	127	12	82	82	NUM
ajfa-17310	127	13	)	)	PUNCT
ajfa-17310	127	14	mean	mean	PROPN
ajfa-17310	127	15	st	st	PROPN
ajfa-17310	127	16	.	.	PROPN
ajfa-17310	127	17	deviation	deviation	PROPN
ajfa-17310	127	18	minimum	minimum	ADJ
ajfa-17310	127	19	maximum	maximum	X
ajfa-17310	127	20	adiv	adiv	PROPN
ajfa-17310	127	21	-.0029	-.0029	PUNCT
ajfa-17310	127	22	.0212	.0212	PROPN
ajfa-17310	127	23	-.1020	-.1020	PUNCT
ajfa-17310	127	24	.0444	.0444	PROPN
ajfa-17310	127	25	opcf	opcf	PROPN
ajfa-17310	127	26	.1281	.1281	PROPN
ajfa-17310	127	27	.2477	.2477	PROPN
ajfa-17310	127	28	-.5281	-.5281	PUNCT
ajfa-17310	127	29	1.9263	1.9263	NUM
ajfa-17310	127	30	opni	opni	NOUN
ajfa-17310	127	31	.0839	.0839	PROPN
ajfa-17310	127	32	.0745	.0745	PROPN
ajfa-17310	127	33	-.1386	-.1386	PUNCT
ajfa-17310	127	34	.3469	.3469	PROPN
ajfa-17310	127	35	ldiv	ldiv	VERB
ajfa-17310	127	36	.0331	.0331	PROPN
ajfa-17310	127	37	.0232	.0232	PROPN
ajfa-17310	127	38	0	0	PUNCT
ajfa-17310	127	39	.1020	.1020	NUM
ajfa-17310	127	40	gp	gp	NOUN
ajfa-17310	127	41	1.7085	1.7085	NUM
ajfa-17310	127	42	.5377	.5377	NOUN
ajfa-17310	127	43	1.200	1.200	NUM
ajfa-17310	127	44	3.795	3.795	NUM
ajfa-17310	127	45	where	where	SCONJ
ajfa-17310	127	46	:	:	PUNCT
ajfa-17310	127	47	adiv	adiv	NOUN
ajfa-17310	127	48	:	:	PUNCT
ajfa-17310	127	49	change	change	NOUN
ajfa-17310	127	50	in	in	ADP
ajfa-17310	127	51	dividends	dividend	NOUN
ajfa-17310	127	52	opcf	opcf	NOUN
ajfa-17310	127	53	:	:	PUNCT
ajfa-17310	127	54	operating	operate	VERB
ajfa-17310	127	55	cash	cash	NOUN
ajfa-17310	127	56	flows	flow	VERB
ajfa-17310	127	57	opni	opni	NOUN
ajfa-17310	127	58	:	:	PUNCT
ajfa-17310	127	59	operating	operate	VERB
ajfa-17310	127	60	net	net	ADJ
ajfa-17310	127	61	income	income	NOUN
ajfa-17310	127	62	ldiv	ldiv	NOUN
ajfa-17310	127	63	:	:	PUNCT
ajfa-17310	128	1	lagged	lag	VERB
ajfa-17310	128	2	dividends	dividend	NOUN
ajfa-17310	128	3	gp	gp	NOUN
ajfa-17310	128	4	:	:	PUNCT
ajfa-17310	128	5	growth	growth	NOUN
ajfa-17310	128	6	prospects	prospect	NOUN
ajfa-17310	128	7	(	(	PUNCT
ajfa-17310	128	8	market	market	NOUN
ajfa-17310	128	9	to	to	ADP
ajfa-17310	128	10	book	book	NOUN
ajfa-17310	128	11	value	value	NOUN
ajfa-17310	128	12	)	)	PUNCT
ajfa-17310	128	13	4.2	4.2	NUM
ajfa-17310	128	14	.	.	PUNCT
ajfa-17310	129	1	regression	regression	NOUN
ajfa-17310	129	2	results	result	VERB
ajfa-17310	129	3	4.2.1	4.2.1	NOUN
ajfa-17310	129	4	.	.	PUNCT
ajfa-17310	130	1	testing	test	VERB
ajfa-17310	130	2	h1	h1	PROPN
ajfa-17310	130	3	asian	asian	ADJ
ajfa-17310	130	4	journal	journal	NOUN
ajfa-17310	130	5	of	of	ADP
ajfa-17310	130	6	finance	finance	PROPN
ajfa-17310	130	7	&	&	CCONJ
ajfa-17310	130	8	accounting	accounting	PROPN
ajfa-17310	130	9	issn	issn	PROPN
ajfa-17310	130	10	1946	1946	NUM
ajfa-17310	130	11	-	-	PUNCT
ajfa-17310	130	12	052x	052x	NOUN
ajfa-17310	130	13	2020	2020	NUM
ajfa-17310	130	14	,	,	PUNCT
ajfa-17310	130	15	vol	vol	NOUN
ajfa-17310	130	16	.	.	PROPN
ajfa-17310	131	1	12	12	NUM
ajfa-17310	131	2	,	,	PUNCT
ajfa-17310	131	3	no	no	INTJ
ajfa-17310	131	4	.	.	NOUN
ajfa-17310	131	5	2	2	NUM
ajfa-17310	131	6	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	131	7	8	8	NUM
ajfa-17310	131	8	hypothesis	hypothesis	NOUN
ajfa-17310	131	9	one	one	NUM
ajfa-17310	131	10	states	state	NOUN
ajfa-17310	131	11	that	that	SCONJ
ajfa-17310	131	12	operating	operate	VERB
ajfa-17310	131	13	cash	cash	NOUN
ajfa-17310	131	14	flows	flow	NOUN
ajfa-17310	131	15	are	be	AUX
ajfa-17310	131	16	better	well	ADJ
ajfa-17310	131	17	than	than	ADP
ajfa-17310	131	18	operating	operate	VERB
ajfa-17310	131	19	net	net	ADJ
ajfa-17310	131	20	income	income	NOUN
ajfa-17310	131	21	in	in	ADP
ajfa-17310	131	22	explaining	explain	VERB
ajfa-17310	131	23	dividend	dividend	NOUN
ajfa-17310	131	24	changes	change	NOUN
ajfa-17310	131	25	.	.	PUNCT
ajfa-17310	132	1	this	this	DET
ajfa-17310	132	2	hypothesis	hypothesis	NOUN
ajfa-17310	132	3	was	be	AUX
ajfa-17310	132	4	examined	examine	VERB
ajfa-17310	132	5	by	by	ADP
ajfa-17310	132	6	regressing	regress	VERB
ajfa-17310	132	7	the	the	DET
ajfa-17310	132	8	dependent	dependent	ADJ
ajfa-17310	132	9	variable	variable	NOUN
ajfa-17310	132	10	,	,	PUNCT
ajfa-17310	132	11	dividend	dividend	NOUN
ajfa-17310	132	12	changes	change	NOUN
ajfa-17310	132	13	on	on	ADP
ajfa-17310	132	14	the	the	DET
ajfa-17310	132	15	independent	independent	ADJ
ajfa-17310	132	16	variables	variable	NOUN
ajfa-17310	132	17	,	,	PUNCT
ajfa-17310	132	18	operating	operate	VERB
ajfa-17310	132	19	cash	cash	NOUN
ajfa-17310	132	20	flows	flow	NOUN
ajfa-17310	132	21	,	,	PUNCT
ajfa-17310	132	22	operating	operate	VERB
ajfa-17310	132	23	net	net	ADJ
ajfa-17310	132	24	income	income	NOUN
ajfa-17310	132	25	and	and	CCONJ
ajfa-17310	132	26	lagged	lag	VERB
ajfa-17310	132	27	dividends	dividend	NOUN
ajfa-17310	132	28	.	.	PUNCT
ajfa-17310	133	1	panel	panel	NOUN
ajfa-17310	133	2	(	(	PUNCT
ajfa-17310	133	3	1	1	NUM
ajfa-17310	133	4	)	)	PUNCT
ajfa-17310	133	5	of	of	ADP
ajfa-17310	133	6	table	table	NOUN
ajfa-17310	133	7	(	(	PUNCT
ajfa-17310	133	8	2	2	NUM
ajfa-17310	133	9	)	)	PUNCT
ajfa-17310	133	10	,	,	PUNCT
ajfa-17310	133	11	repots	repot	VERB
ajfa-17310	133	12	the	the	DET
ajfa-17310	133	13	results	result	NOUN
ajfa-17310	133	14	of	of	ADP
ajfa-17310	133	15	the	the	DET
ajfa-17310	133	16	regression	regression	NOUN
ajfa-17310	133	17	model	model	NOUN
ajfa-17310	133	18	.	.	PUNCT
ajfa-17310	134	1	as	as	SCONJ
ajfa-17310	134	2	can	can	AUX
ajfa-17310	134	3	be	be	AUX
ajfa-17310	134	4	seen	see	VERB
ajfa-17310	134	5	,	,	PUNCT
ajfa-17310	134	6	the	the	DET
ajfa-17310	134	7	regression	regression	NOUN
ajfa-17310	134	8	model	model	NOUN
ajfa-17310	134	9	is	be	AUX
ajfa-17310	134	10	highly	highly	ADV
ajfa-17310	134	11	significant	significant	ADJ
ajfa-17310	134	12	(	(	PUNCT
ajfa-17310	134	13	f	f	NOUN
ajfa-17310	134	14	=	=	SYM
ajfa-17310	134	15	23.432	23.432	NUM
ajfa-17310	134	16	)	)	PUNCT
ajfa-17310	134	17	and	and	CCONJ
ajfa-17310	134	18	can	can	AUX
ajfa-17310	134	19	explain	explain	VERB
ajfa-17310	134	20	32	32	NUM
ajfa-17310	134	21	%	%	NOUN
ajfa-17310	134	22	(	(	PUNCT
ajfa-17310	134	23	adj	adj	X
ajfa-17310	134	24	.	.	PROPN
ajfa-17310	134	25	r2	r2	PROPN
ajfa-17310	134	26	=	=	PUNCT
ajfa-17310	134	27	.3185	.3185	PROPN
ajfa-17310	134	28	)	)	PUNCT
ajfa-17310	134	29	of	of	ADP
ajfa-17310	134	30	the	the	DET
ajfa-17310	134	31	variation	variation	NOUN
ajfa-17310	134	32	in	in	ADP
ajfa-17310	134	33	dividend	dividend	NOUN
ajfa-17310	134	34	changes	change	NOUN
ajfa-17310	134	35	for	for	ADP
ajfa-17310	134	36	the	the	DET
ajfa-17310	134	37	164	164	NUM
ajfa-17310	134	38	firm	firm	ADJ
ajfa-17310	134	39	-	-	PUNCT
ajfa-17310	134	40	year	year	NOUN
ajfa-17310	134	41	observations	observation	NOUN
ajfa-17310	134	42	.	.	PUNCT
ajfa-17310	135	1	both	both	DET
ajfa-17310	135	2	operating	operate	VERB
ajfa-17310	135	3	net	net	ADJ
ajfa-17310	135	4	income	income	NOUN
ajfa-17310	135	5	and	and	CCONJ
ajfa-17310	135	6	lagged	lag	VERB
ajfa-17310	135	7	dividends	dividend	NOUN
ajfa-17310	135	8	are	be	AUX
ajfa-17310	135	9	statistically	statistically	ADV
ajfa-17310	135	10	significant	significant	ADJ
ajfa-17310	135	11	at	at	ADP
ajfa-17310	135	12	the	the	DET
ajfa-17310	135	13	1	1	NUM
ajfa-17310	135	14	%	%	NOUN
ajfa-17310	135	15	level	level	NOUN
ajfa-17310	135	16	.	.	PUNCT
ajfa-17310	136	1	while	while	SCONJ
ajfa-17310	136	2	,	,	PUNCT
ajfa-17310	136	3	the	the	DET
ajfa-17310	136	4	coefficient	coefficient	NOUN
ajfa-17310	136	5	of	of	ADP
ajfa-17310	136	6	the	the	DET
ajfa-17310	136	7	operating	operate	VERB
ajfa-17310	136	8	net	net	ADJ
ajfa-17310	136	9	income	income	NOUN
ajfa-17310	136	10	is	be	AUX
ajfa-17310	136	11	positive	positive	ADJ
ajfa-17310	136	12	,	,	PUNCT
ajfa-17310	136	13	the	the	DET
ajfa-17310	136	14	coefficient	coefficient	NOUN
ajfa-17310	136	15	of	of	ADP
ajfa-17310	136	16	the	the	DET
ajfa-17310	136	17	lagged	lag	VERB
ajfa-17310	136	18	dividend	dividend	NOUN
ajfa-17310	136	19	is	be	AUX
ajfa-17310	136	20	negative	negative	ADJ
ajfa-17310	136	21	.	.	PUNCT
ajfa-17310	137	1	these	these	DET
ajfa-17310	137	2	results	result	NOUN
ajfa-17310	137	3	are	be	AUX
ajfa-17310	137	4	consistent	consistent	ADJ
ajfa-17310	137	5	with	with	ADP
ajfa-17310	137	6	previous	previous	ADJ
ajfa-17310	137	7	studies	study	NOUN
ajfa-17310	137	8	,	,	PUNCT
ajfa-17310	137	9	suggesting	suggest	VERB
ajfa-17310	137	10	that	that	SCONJ
ajfa-17310	137	11	operating	operate	VERB
ajfa-17310	137	12	net	net	ADJ
ajfa-17310	137	13	income	income	NOUN
ajfa-17310	137	14	is	be	AUX
ajfa-17310	137	15	an	an	DET
ajfa-17310	137	16	important	important	ADJ
ajfa-17310	137	17	determinant	determinant	NOUN
ajfa-17310	137	18	of	of	ADP
ajfa-17310	137	19	a	a	DET
ajfa-17310	137	20	firm	firm	NOUN
ajfa-17310	137	21	’s	’s	PART
ajfa-17310	137	22	dividend	dividend	NOUN
ajfa-17310	137	23	policy	policy	NOUN
ajfa-17310	137	24	.	.	PUNCT
ajfa-17310	138	1	the	the	DET
ajfa-17310	138	2	coefficient	coefficient	NOUN
ajfa-17310	138	3	of	of	ADP
ajfa-17310	138	4	the	the	DET
ajfa-17310	138	5	operating	operate	VERB
ajfa-17310	138	6	cash	cash	NOUN
ajfa-17310	138	7	flows	flow	NOUN
ajfa-17310	138	8	is	be	AUX
ajfa-17310	138	9	positive	positive	ADJ
ajfa-17310	138	10	as	as	ADP
ajfa-17310	138	11	hypothesized	hypothesized	ADJ
ajfa-17310	138	12	,	,	PUNCT
ajfa-17310	138	13	though	though	SCONJ
ajfa-17310	138	14	asignificant	asignificant	ADJ
ajfa-17310	138	15	at	at	ADP
ajfa-17310	138	16	the	the	DET
ajfa-17310	138	17	conventional	conventional	ADJ
ajfa-17310	138	18	level	level	NOUN
ajfa-17310	138	19	of	of	ADP
ajfa-17310	138	20	5	5	NUM
ajfa-17310	138	21	%	%	NOUN
ajfa-17310	138	22	.	.	PUNCT
ajfa-17310	139	1	the	the	DET
ajfa-17310	139	2	mean	mean	ADJ
ajfa-17310	139	3	coefficient	coefficient	NOUN
ajfa-17310	139	4	of	of	ADP
ajfa-17310	139	5	the	the	DET
ajfa-17310	139	6	operating	operate	VERB
ajfa-17310	139	7	net	net	ADJ
ajfa-17310	139	8	income	income	NOUN
ajfa-17310	139	9	is	be	AUX
ajfa-17310	139	10	gteater	gteater	ADJ
ajfa-17310	139	11	than	than	ADP
ajfa-17310	139	12	that	that	PRON
ajfa-17310	139	13	of	of	ADP
ajfa-17310	139	14	the	the	DET
ajfa-17310	139	15	operating	operate	VERB
ajfa-17310	139	16	cash	cash	NOUN
ajfa-17310	139	17	flows	flow	NOUN
ajfa-17310	139	18	suggesting	suggest	VERB
ajfa-17310	139	19	that	that	SCONJ
ajfa-17310	139	20	the	the	DET
ajfa-17310	139	21	operating	operate	VERB
ajfa-17310	139	22	net	net	ADJ
ajfa-17310	139	23	tacome	tacome	NOUN
ajfa-17310	139	24	has	have	VERB
ajfa-17310	139	25	incremental	incremental	ADJ
ajfa-17310	139	26	information	information	NOUN
ajfa-17310	139	27	beyond	beyond	ADP
ajfa-17310	139	28	operating	operate	VERB
ajfa-17310	139	29	cash	cash	NOUN
ajfa-17310	139	30	flows	flow	NOUN
ajfa-17310	139	31	in	in	ADP
ajfa-17310	139	32	explaining	explain	VERB
ajfa-17310	139	33	dividend	dividend	NOUN
ajfa-17310	139	34	changes	change	NOUN
ajfa-17310	139	35	.	.	PUNCT
ajfa-17310	140	1	the	the	DET
ajfa-17310	140	2	above	above	ADJ
ajfa-17310	140	3	model	model	NOUN
ajfa-17310	140	4	was	be	AUX
ajfa-17310	140	5	checked	check	VERB
ajfa-17310	140	6	for	for	ADP
ajfa-17310	140	7	the	the	DET
ajfa-17310	140	8	presence	presence	NOUN
ajfa-17310	140	9	of	of	ADP
ajfa-17310	140	10	multicollinearity	multicollinearity	NOUN
ajfa-17310	140	11	among	among	ADP
ajfa-17310	140	12	the	the	DET
ajfa-17310	140	13	independent	independent	ADJ
ajfa-17310	140	14	variables	variable	NOUN
ajfa-17310	140	15	.	.	PUNCT
ajfa-17310	141	1	a	a	DET
ajfa-17310	141	2	correlation	correlation	NOUN
ajfa-17310	141	3	matrix	matrix	NOUN
ajfa-17310	141	4	incorporating	incorporate	VERB
ajfa-17310	141	5	all	all	DET
ajfa-17310	141	6	the	the	DET
ajfa-17310	141	7	variables	variable	NOUN
ajfa-17310	141	8	was	be	AUX
ajfa-17310	141	9	run	run	VERB
ajfa-17310	141	10	(	(	PUNCT
ajfa-17310	141	11	see	see	VERB
ajfa-17310	141	12	table	table	NOUN
ajfa-17310	141	13	3	3	NUM
ajfa-17310	141	14	)	)	PUNCT
ajfa-17310	141	15	.	.	PUNCT
ajfa-17310	142	1	as	as	SCONJ
ajfa-17310	142	2	can	can	AUX
ajfa-17310	142	3	be	be	AUX
ajfa-17310	142	4	seen	see	VERB
ajfa-17310	142	5	,	,	PUNCT
ajfa-17310	142	6	the	the	DET
ajfa-17310	142	7	correlation	correlation	NOUN
ajfa-17310	142	8	coefficient	coefficient	NOUN
ajfa-17310	142	9	between	between	ADP
ajfa-17310	142	10	each	each	DET
ajfa-17310	142	11	pair	pair	NOUN
ajfa-17310	142	12	of	of	ADP
ajfa-17310	142	13	the	the	DET
ajfa-17310	142	14	independent	independent	ADJ
ajfa-17310	142	15	variables	variable	NOUN
ajfa-17310	142	16	,	,	PUNCT
ajfa-17310	142	17	particularly	particularly	ADV
ajfa-17310	142	18	between	between	ADP
ajfa-17310	142	19	the	the	DET
ajfa-17310	142	20	opcf	opcf	PROPN
ajfa-17310	142	21	variable	variable	NOUN
ajfa-17310	142	22	and	and	CCONJ
ajfa-17310	142	23	the	the	DET
ajfa-17310	142	24	opni	opni	NOUN
ajfa-17310	142	25	variable	variable	NOUN
ajfa-17310	142	26	is	be	AUX
ajfa-17310	142	27	low	low	ADJ
ajfa-17310	142	28	,	,	PUNCT
ajfa-17310	142	29	suggesting	suggest	VERB
ajfa-17310	142	30	that	that	SCONJ
ajfa-17310	142	31	the	the	DET
ajfa-17310	142	32	results	result	NOUN
ajfa-17310	142	33	of	of	ADP
ajfa-17310	142	34	the	the	DET
ajfa-17310	142	35	above	above	ADJ
ajfa-17310	142	36	regression	regression	NOUN
ajfa-17310	142	37	model	model	NOUN
ajfa-17310	142	38	are	be	AUX
ajfa-17310	142	39	not	not	PART
ajfa-17310	142	40	affected	affect	VERB
ajfa-17310	142	41	by	by	ADP
ajfa-17310	142	42	multicollinearity	multicollinearity	NOUN
ajfa-17310	142	43	.	.	PUNCT
ajfa-17310	143	1	however	however	ADV
ajfa-17310	143	2	,	,	PUNCT
ajfa-17310	143	3	to	to	PART
ajfa-17310	143	4	explore	explore	VERB
ajfa-17310	143	5	the	the	DET
ajfa-17310	143	6	matter	matter	NOUN
ajfa-17310	143	7	further	far	ADV
ajfa-17310	143	8	,	,	PUNCT
ajfa-17310	143	9	the	the	DET
ajfa-17310	143	10	researcher	researcher	NOUN
ajfa-17310	143	11	gives	give	VERB
ajfa-17310	143	12	panel	panel	NOUN
ajfa-17310	143	13	(	(	PUNCT
ajfa-17310	143	14	2	2	NUM
ajfa-17310	143	15	)	)	PUNCT
ajfa-17310	143	16	of	of	ADP
ajfa-17310	143	17	table	table	NOUN
ajfa-17310	143	18	(	(	PUNCT
ajfa-17310	143	19	2	2	NUM
ajfa-17310	143	20	)	)	PUNCT
ajfa-17310	143	21	which	which	PRON
ajfa-17310	143	22	repots	repot	VERB
ajfa-17310	143	23	the	the	DET
ajfa-17310	143	24	regression	regression	NOUN
ajfa-17310	143	25	results	result	NOUN
ajfa-17310	143	26	after	after	ADP
ajfa-17310	143	27	excluding	exclude	VERB
ajfa-17310	143	28	the	the	DET
ajfa-17310	143	29	operating	operate	VERB
ajfa-17310	143	30	net	net	ADJ
ajfa-17310	143	31	income	income	NOUN
ajfa-17310	143	32	from	from	ADP
ajfa-17310	143	33	the	the	DET
ajfa-17310	143	34	original	original	ADJ
ajfa-17310	143	35	model	model	NOUN
ajfa-17310	143	36	whereas	whereas	SCONJ
ajfa-17310	143	37	panel	panel	NOUN
ajfa-17310	143	38	(	(	PUNCT
ajfa-17310	143	39	3	3	NUM
ajfa-17310	143	40	)	)	PUNCT
ajfa-17310	143	41	of	of	ADP
ajfa-17310	143	42	the	the	DET
ajfa-17310	143	43	table	table	NOUN
ajfa-17310	143	44	reports	report	VERB
ajfa-17310	143	45	these	these	DET
ajfa-17310	143	46	results	result	NOUN
ajfa-17310	143	47	after	after	ADP
ajfa-17310	143	48	excluding	exclude	VERB
ajfa-17310	143	49	the	the	DET
ajfa-17310	143	50	operating	operate	VERB
ajfa-17310	143	51	cash	cash	NOUN
ajfa-17310	143	52	flow	flow	NOUN
ajfa-17310	143	53	from	from	ADP
ajfa-17310	143	54	the	the	DET
ajfa-17310	143	55	original	original	ADJ
ajfa-17310	143	56	model	model	NOUN
ajfa-17310	143	57	.	.	PUNCT
ajfa-17310	144	1	as	as	SCONJ
ajfa-17310	144	2	can	can	AUX
ajfa-17310	144	3	be	be	AUX
ajfa-17310	144	4	seen	see	VERB
ajfa-17310	144	5	form	form	NOUN
ajfa-17310	144	6	panel	panel	NOUN
ajfa-17310	144	7	(	(	PUNCT
ajfa-17310	144	8	2	2	NUM
ajfa-17310	144	9	)	)	PUNCT
ajfa-17310	144	10	,	,	PUNCT
ajfa-17310	144	11	the	the	DET
ajfa-17310	144	12	regression	regression	NOUN
ajfa-17310	144	13	model	model	NOUN
ajfa-17310	144	14	incorporating	incorporate	VERB
ajfa-17310	144	15	the	the	DET
ajfa-17310	144	16	operating	operate	VERB
ajfa-17310	144	17	cash	cash	NOUN
ajfa-17310	144	18	flows	flow	NOUN
ajfa-17310	144	19	and	and	CCONJ
ajfa-17310	144	20	lagged	lag	VERB
ajfa-17310	144	21	dividends	dividend	NOUN
ajfa-17310	144	22	is	be	AUX
ajfa-17310	144	23	significant	significant	ADJ
ajfa-17310	144	24	and	and	CCONJ
ajfa-17310	144	25	can	can	AUX
ajfa-17310	144	26	explain	explain	VERB
ajfa-17310	144	27	an	an	DET
ajfa-17310	144	28	out	out	ADJ
ajfa-17310	144	29	14	14	NUM
ajfa-17310	144	30	%	%	NOUN
ajfa-17310	144	31	of	of	ADP
ajfa-17310	144	32	the	the	DET
ajfa-17310	144	33	variation	variation	NOUN
ajfa-17310	144	34	in	in	ADP
ajfa-17310	144	35	the	the	DET
ajfa-17310	144	36	dividend	dividend	NOUN
ajfa-17310	144	37	changes	change	NOUN
ajfa-17310	144	38	.	.	PUNCT
ajfa-17310	145	1	the	the	DET
ajfa-17310	145	2	coefficient	coefficient	NOUN
ajfa-17310	145	3	of	of	ADP
ajfa-17310	145	4	the	the	DET
ajfa-17310	145	5	operating	operate	VERB
ajfa-17310	145	6	cash	cash	NOUN
ajfa-17310	145	7	was	be	AUX
ajfa-17310	145	8	insignificant	insignificant	ADJ
ajfa-17310	145	9	.	.	PUNCT
ajfa-17310	146	1	compared	compare	VERB
ajfa-17310	146	2	with	with	ADP
ajfa-17310	146	3	these	these	DET
ajfa-17310	146	4	result	result	NOUN
ajfa-17310	146	5	,	,	PUNCT
ajfa-17310	146	6	the	the	DET
ajfa-17310	146	7	model	model	NOUN
ajfa-17310	146	8	incorporating	incorporate	VERB
ajfa-17310	146	9	operating	operating	NOUN
ajfa-17310	146	10	income	income	NOUN
ajfa-17310	146	11	and	and	CCONJ
ajfa-17310	146	12	lagged	lag	VERB
ajfa-17310	146	13	dividends	dividend	NOUN
ajfa-17310	146	14	can	can	AUX
ajfa-17310	146	15	explain	explain	VERB
ajfa-17310	146	16	about	about	ADV
ajfa-17310	146	17	32	32	NUM
ajfa-17310	146	18	%	%	NOUN
ajfa-17310	146	19	the	the	DET
ajfa-17310	146	20	variation	variation	NOUN
ajfa-17310	146	21	in	in	ADP
ajfa-17310	146	22	the	the	DET
ajfa-17310	146	23	dividend	dividend	NOUN
ajfa-17310	146	24	changes	change	NOUN
ajfa-17310	146	25	,	,	PUNCT
ajfa-17310	146	26	and	and	CCONJ
ajfa-17310	146	27	the	the	DET
ajfa-17310	146	28	variable	variable	NOUN
ajfa-17310	146	29	operating	operate	VERB
ajfa-17310	146	30	net	net	ADJ
ajfa-17310	146	31	income	income	NOUN
ajfa-17310	146	32	is	be	AUX
ajfa-17310	146	33	highly	highly	ADV
ajfa-17310	146	34	significant	significant	ADJ
ajfa-17310	146	35	.	.	PUNCT
ajfa-17310	147	1	table	table	NOUN
ajfa-17310	147	2	2	2	NUM
ajfa-17310	147	3	.	.	X
ajfa-17310	147	4	cross	cross	VERB
ajfa-17310	147	5	sectional	sectional	ADJ
ajfa-17310	147	6	regression	regression	NOUN
ajfa-17310	147	7	results	result	NOUN
ajfa-17310	147	8	using	use	VERB
ajfa-17310	147	9	164	164	NUM
ajfa-17310	147	10	firm	firm	ADJ
ajfa-17310	147	11	-	-	PUNCT
ajfa-17310	147	12	year	year	NOUN
ajfa-17310	147	13	observations	observation	NOUN
ajfa-17310	147	14	for	for	ADP
ajfa-17310	147	15	the	the	DET
ajfa-17310	147	16	period	period	NOUN
ajfa-17310	147	17	1997	1997	NUM
ajfa-17310	147	18	-	-	SYM
ajfa-17310	147	19	2002	2002	NUM
ajfa-17310	147	20	panel	panel	NOUN
ajfa-17310	147	21	(	(	PUNCT
ajfa-17310	147	22	1	1	X
ajfa-17310	147	23	)	)	PUNCT
ajfa-17310	147	24	b0	b0	NOUN
ajfa-17310	147	25	(	(	PUNCT
ajfa-17310	147	26	constant	constant	ADJ
ajfa-17310	147	27	)	)	PUNCT
ajfa-17310	147	28	b1(opcf	b1(opcf	PROPN
ajfa-17310	147	29	)	)	PUNCT
ajfa-17310	147	30	b2(opni	b2(opni	NOUN
ajfa-17310	147	31	)	)	PUNCT
ajfa-17310	147	32	b3(ldiv	b3(ldiv	NOUN
ajfa-17310	147	33	)	)	PUNCT
ajfa-17310	148	1	adj.r2	adj.r2	VERB
ajfa-17310	148	2	f	f	PROPN
ajfa-17310	148	3	.0101	.0101	PROPN
ajfa-17310	148	4	*	*	PUNCT
ajfa-17310	148	5	*	*	PUNCT
ajfa-17310	148	6	.0081	.0081	NUM
ajfa-17310	148	7	.1525	.1525	PROPN
ajfa-17310	148	8	*	*	PUNCT
ajfa-17310	148	9	*	*	PUNCT
ajfa-17310	148	10	*	*	PUNCT
ajfa-17310	148	11	-.6915	-.6915	PUNCT
ajfa-17310	148	12	*	*	PUNCT
ajfa-17310	148	13	*	*	PUNCT
ajfa-17310	148	14	*	*	PUNCT
ajfa-17310	148	15	.3185	.3185	PROPN
ajfa-17310	149	1	23.435	23.435	NUM
ajfa-17310	149	2	*	*	PUNCT
ajfa-17310	149	3	*	*	PUNCT
ajfa-17310	149	4	*	*	PUNCT
ajfa-17310	149	5	(	(	PUNCT
ajfa-17310	149	6	2.602	2.602	NUM
ajfa-17310	149	7	)	)	PUNCT
ajfa-17310	149	8	(	(	PUNCT
ajfa-17310	149	9	1.095	1.095	NUM
ajfa-17310	149	10	)	)	PUNCT
ajfa-17310	149	11	(	(	PUNCT
ajfa-17310	149	12	6.094	6.094	NUM
ajfa-17310	149	13	)	)	PUNCT
ajfa-17310	149	14	(	(	PUNCT
ajfa-17310	149	15	-6.923	-6.923	NUM
ajfa-17310	149	16	)	)	PUNCT
ajfa-17310	149	17	panel	panel	NOUN
ajfa-17310	149	18	(	(	PUNCT
ajfa-17310	149	19	2	2	X
ajfa-17310	149	20	)	)	PUNCT
ajfa-17310	149	21	b0	b0	NOUN
ajfa-17310	149	22	(	(	PUNCT
ajfa-17310	149	23	constant	constant	ADJ
ajfa-17310	149	24	)	)	PUNCT
ajfa-17310	149	25	b1(opcf	b1(opcf	PROPN
ajfa-17310	149	26	)	)	PUNCT
ajfa-17310	149	27	b2(opni	b2(opni	NOUN
ajfa-17310	149	28	)	)	PUNCT
ajfa-17310	149	29	b3(ldiv	b3(ldiv	NOUN
ajfa-17310	149	30	)	)	PUNCT
ajfa-17310	149	31	adj.r2	adj.r2	ADP
ajfa-17310	149	32	f	f	PROPN
ajfa-17310	149	33	.0163	.0163	PROPN
ajfa-17310	149	34	*	*	PROPN
ajfa-17310	149	35	*	*	PUNCT
ajfa-17310	149	36	*	*	PUNCT
ajfa-17310	149	37	.0022	.0022	NOUN
ajfa-17310	149	38	-.5474	-.5474	NOUN
ajfa-17310	149	39	*	*	PUNCT
ajfa-17310	149	40	*	*	PUNCT
ajfa-17310	149	41	*	*	PUNCT
ajfa-17310	149	42	.1451	.1451	NOUN
ajfa-17310	149	43	13.219	13.219	NUM
ajfa-17310	149	44	*	*	PUNCT
ajfa-17310	149	45	*	*	PUNCT
ajfa-17310	149	46	*	*	PUNCT
ajfa-17310	149	47	(	(	PUNCT
ajfa-17310	149	48	3.913	3.913	NUM
ajfa-17310	149	49	)	)	PUNCT
ajfa-17310	149	50	(	(	PUNCT
ajfa-17310	149	51	.793	.793	NUM
ajfa-17310	149	52	)	)	PUNCT
ajfa-17310	149	53	(	(	PUNCT
ajfa-17310	149	54	-5.036	-5.036	NOUN
ajfa-17310	149	55	)	)	PUNCT
ajfa-17310	149	56	panel	panel	NOUN
ajfa-17310	149	57	(	(	PUNCT
ajfa-17310	149	58	3	3	NUM
ajfa-17310	149	59	)	)	PUNCT
ajfa-17310	149	60	asian	asian	ADJ
ajfa-17310	149	61	journal	journal	NOUN
ajfa-17310	149	62	of	of	ADP
ajfa-17310	149	63	finance	finance	PROPN
ajfa-17310	149	64	&	&	CCONJ
ajfa-17310	149	65	accounting	accounting	PROPN
ajfa-17310	149	66	issn	issn	PROPN
ajfa-17310	149	67	1946	1946	NUM
ajfa-17310	149	68	-	-	PUNCT
ajfa-17310	149	69	052x	052x	NOUN
ajfa-17310	149	70	2020	2020	NUM
ajfa-17310	149	71	,	,	PUNCT
ajfa-17310	149	72	vol	vol	NOUN
ajfa-17310	149	73	.	.	PROPN
ajfa-17310	149	74	12	12	NUM
ajfa-17310	149	75	,	,	PUNCT
ajfa-17310	149	76	no	no	INTJ
ajfa-17310	149	77	.	.	NOUN
ajfa-17310	149	78	2	2	NUM
ajfa-17310	149	79	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	149	80	9	9	NUM
ajfa-17310	149	81	b0	b0	NOUN
ajfa-17310	149	82	(	(	PUNCT
ajfa-17310	149	83	constant	constant	ADJ
ajfa-17310	149	84	)	)	PUNCT
ajfa-17310	149	85	b1(opcf	b1(opcf	PROPN
ajfa-17310	149	86	)	)	PUNCT
ajfa-17310	149	87	b2(opni	b2(opni	NOUN
ajfa-17310	149	88	)	)	PUNCT
ajfa-17310	149	89	b3(ldiv	b3(ldiv	NOUN
ajfa-17310	149	90	)	)	PUNCT
ajfa-17310	149	91	adj.r2	adj.r2	VERB
ajfa-17310	149	92	f	f	PROPN
ajfa-17310	149	93	.0100	.0100	PROPN
ajfa-17310	149	94	*	*	PROPN
ajfa-17310	149	95	*	*	PUNCT
ajfa-17310	149	96	.1489	.1489	PUNCT
ajfa-17310	149	97	*	*	PUNCT
ajfa-17310	149	98	*	*	PUNCT
ajfa-17310	149	99	*	*	PUNCT
ajfa-17310	149	100	-.7040	-.7040	PUNCT
ajfa-17310	149	101	*	*	PUNCT
ajfa-17310	149	102	*	*	PUNCT
ajfa-17310	149	103	*	*	PUNCT
ajfa-17310	149	104	.3175	.3175	PROPN
ajfa-17310	150	1	34.501	34.501	NUM
ajfa-17310	150	2	*	*	PUNCT
ajfa-17310	150	3	*	*	PUNCT
ajfa-17310	150	4	*	*	PUNCT
ajfa-17310	150	5	(	(	PUNCT
ajfa-17310	150	6	2.591	2.591	NUM
ajfa-17310	150	7	)	)	PUNCT
ajfa-17310	150	8	(	(	PUNCT
ajfa-17310	150	9	5.997	5.997	NUM
ajfa-17310	150	10	)	)	PUNCT
ajfa-17310	150	11	(	(	PUNCT
ajfa-17310	150	12	-7.090	-7.090	NOUN
ajfa-17310	150	13	)	)	PUNCT
ajfa-17310	150	14	b0	b0	NOUN
ajfa-17310	150	15	–	–	PUNCT
ajfa-17310	150	16	b3	b3	PROPN
ajfa-17310	150	17	:	:	PUNCT
ajfa-17310	150	18	regression	regression	NOUN
ajfa-17310	150	19	coefficients	coefficient	NOUN
ajfa-17310	150	20	t	t	PROPN
ajfa-17310	150	21	–	–	PUNCT
ajfa-17310	150	22	values	value	NOUN
ajfa-17310	150	23	are	be	AUX
ajfa-17310	150	24	between	between	ADP
ajfa-17310	150	25	parentheses	parenthesis	NOUN
ajfa-17310	150	26	*	*	PUNCT
ajfa-17310	150	27	*	*	PUNCT
ajfa-17310	150	28	*	*	PUNCT
ajfa-17310	150	29	significant	significant	ADJ
ajfa-17310	150	30	at	at	ADP
ajfa-17310	150	31	1	1	NUM
ajfa-17310	150	32	%	%	NOUN
ajfa-17310	150	33	*	*	PUNCT
ajfa-17310	150	34	*	*	NOUN
ajfa-17310	150	35	significant	significant	ADJ
ajfa-17310	150	36	at	at	ADP
ajfa-17310	150	37	5	5	NUM
ajfa-17310	150	38	%	%	NOUN
ajfa-17310	150	39	table	table	NOUN
ajfa-17310	150	40	3	3	NUM
ajfa-17310	150	41	.	.	PUNCT
ajfa-17310	150	42	correlation	correlation	NOUN
ajfa-17310	150	43	matrix	matrix	NOUN
ajfa-17310	150	44	variable	variable	NOUN
ajfa-17310	150	45	adiv	adiv	PROPN
ajfa-17310	150	46	opcf	opcf	PROPN
ajfa-17310	150	47	opni	opni	NOUN
ajfa-17310	150	48	ldiv	ldiv	X
ajfa-17310	150	49	adiv	adiv	X
ajfa-17310	150	50	1.00	1.00	NUM
ajfa-17310	150	51	(	(	PUNCT
ajfa-17310	150	52	.	.	PUNCT
ajfa-17310	150	53	)	)	PUNCT
ajfa-17310	151	1	*	*	PUNCT
ajfa-17310	151	2	opcf	opcf	PROPN
ajfa-17310	151	3	.080	.080	NUM
ajfa-17310	151	4	1.00	1.00	NUM
ajfa-17310	151	5	(	(	PUNCT
ajfa-17310	151	6	.170	.170	NUM
ajfa-17310	151	7	)	)	PUNCT
ajfa-17310	151	8	(	(	PUNCT
ajfa-17310	151	9	.	.	X
ajfa-17310	151	10	)	)	PUNCT
ajfa-17310	151	11	opni	opni	NOUN
ajfa-17310	151	12	.298	.298	NUM
ajfa-17310	151	13	.164	.164	NUM
ajfa-17310	151	14	1.00	1.00	NUM
ajfa-17310	151	15	(	(	PUNCT
ajfa-17310	151	16	.001	.001	NUM
ajfa-17310	151	17	)	)	PUNCT
ajfa-17310	151	18	(	(	PUNCT
ajfa-17310	151	19	.024	.024	NUM
ajfa-17310	151	20	)	)	PUNCT
ajfa-17310	151	21	(	(	PUNCT
ajfa-17310	151	22	.	.	PUNCT
ajfa-17310	151	23	)	)	PUNCT
ajfa-17310	152	1	ldiv	ldiv	PROPN
ajfa-17310	152	2	-.396	-.396	NOUN
ajfa-17310	152	3	.151	.151	NUM
ajfa-17310	152	4	.217	.217	NUM
ajfa-17310	152	5	1.00	1.00	NUM
ajfa-17310	152	6	(	(	PUNCT
ajfa-17310	152	7	.000	.000	NUM
ajfa-17310	152	8	)	)	PUNCT
ajfa-17310	152	9	(	(	PUNCT
ajfa-17310	152	10	.035	.035	NUM
ajfa-17310	152	11	)	)	PUNCT
ajfa-17310	152	12	(	(	PUNCT
ajfa-17310	152	13	.011	.011	NUM
ajfa-17310	152	14	)	)	PUNCT
ajfa-17310	152	15	(	(	PUNCT
ajfa-17310	152	16	.	.	PUNCT
ajfa-17310	152	17	)	)	PUNCT
ajfa-17310	153	1	*	*	PUNCT
ajfa-17310	153	2	denotes	denote	NOUN
ajfa-17310	153	3	significance	significance	NOUN
ajfa-17310	153	4	level	level	NOUN
ajfa-17310	153	5	.	.	PUNCT
ajfa-17310	154	1	to	to	PART
ajfa-17310	154	2	sum	sum	VERB
ajfa-17310	154	3	up	up	ADP
ajfa-17310	154	4	,	,	PUNCT
ajfa-17310	154	5	the	the	DET
ajfa-17310	154	6	results	result	NOUN
ajfa-17310	154	7	of	of	ADP
ajfa-17310	154	8	the	the	DET
ajfa-17310	154	9	regression	regression	NOUN
ajfa-17310	154	10	analysis	analysis	NOUN
ajfa-17310	154	11	indicate	indicate	VERB
ajfa-17310	154	12	that	that	SCONJ
ajfa-17310	154	13	the	the	DET
ajfa-17310	154	14	operating	operate	VERB
ajfa-17310	154	15	net	net	ADJ
ajfa-17310	154	16	income	income	NOUN
ajfa-17310	154	17	and	and	CCONJ
ajfa-17310	154	18	lagged	lag	VERB
ajfa-17310	154	19	dividend	dividend	NOUN
ajfa-17310	154	20	are	be	AUX
ajfa-17310	154	21	significantly	significantly	ADV
ajfa-17310	154	22	associated	associate	VERB
ajfa-17310	154	23	with	with	ADP
ajfa-17310	154	24	dividend	dividend	NOUN
ajfa-17310	154	25	changes	change	NOUN
ajfa-17310	154	26	.	.	PUNCT
ajfa-17310	155	1	in	in	ADP
ajfa-17310	155	2	addition	addition	NOUN
ajfa-17310	155	3	,	,	PUNCT
ajfa-17310	155	4	operating	operate	VERB
ajfa-17310	155	5	cash	cash	NOUN
ajfa-17310	155	6	flows	flow	NOUN
ajfa-17310	155	7	have	have	VERB
ajfa-17310	155	8	no	no	DET
ajfa-17310	155	9	incremental	incremental	ADJ
ajfa-17310	155	10	information	information	NOUN
ajfa-17310	155	11	content	content	NOUN
ajfa-17310	155	12	beyond	beyond	ADP
ajfa-17310	155	13	the	the	DET
ajfa-17310	155	14	operating	operate	VERB
ajfa-17310	155	15	net	net	ADJ
ajfa-17310	155	16	income	income	NOUN
ajfa-17310	155	17	in	in	ADP
ajfa-17310	155	18	explaining	explain	VERB
ajfa-17310	155	19	dividend	dividend	NOUN
ajfa-17310	155	20	changes	change	NOUN
ajfa-17310	155	21	.	.	PUNCT
ajfa-17310	156	1	therefore	therefore	ADV
ajfa-17310	156	2	,	,	PUNCT
ajfa-17310	156	3	the	the	DET
ajfa-17310	156	4	null	null	ADJ
ajfa-17310	156	5	hypothesis	hypothesis	NOUN
ajfa-17310	156	6	of	of	ADP
ajfa-17310	156	7	h1	h1	NOUN
ajfa-17310	156	8	can	can	AUX
ajfa-17310	156	9	not	not	PART
ajfa-17310	156	10	be	be	AUX
ajfa-17310	156	11	rejected	reject	VERB
ajfa-17310	156	12	.	.	PUNCT
ajfa-17310	157	1	4.2.2	4.2.2	X
ajfa-17310	157	2	.	.	PUNCT
ajfa-17310	157	3	testing	test	VERB
ajfa-17310	157	4	h2	h2	PROPN
ajfa-17310	157	5	the	the	DET
ajfa-17310	157	6	above	above	ADJ
ajfa-17310	157	7	results	result	NOUN
ajfa-17310	157	8	could	could	AUX
ajfa-17310	157	9	be	be	AUX
ajfa-17310	157	10	attributed	attribute	VERB
ajfa-17310	157	11	to	to	ADP
ajfa-17310	157	12	our	our	PRON
ajfa-17310	157	13	assumption	assumption	NOUN
ajfa-17310	157	14	that	that	SCONJ
ajfa-17310	157	15	the	the	DET
ajfa-17310	157	16	relation	relation	NOUN
ajfa-17310	157	17	between	between	ADP
ajfa-17310	157	18	cash	cash	NOUN
ajfa-17310	157	19	flow	flow	NOUN
ajfa-17310	157	20	and	and	CCONJ
ajfa-17310	157	21	dividend	dividend	NOUN
ajfa-17310	157	22	changes	change	NOUN
ajfa-17310	157	23	is	be	AUX
ajfa-17310	157	24	linear	linear	ADJ
ajfa-17310	157	25	across	across	ADP
ajfa-17310	157	26	the	the	DET
ajfa-17310	157	27	firms	firm	NOUN
ajfa-17310	157	28	.	.	PUNCT
ajfa-17310	158	1	however	however	ADV
ajfa-17310	158	2	,	,	PUNCT
ajfa-17310	158	3	this	this	DET
ajfa-17310	158	4	assumption	assumption	NOUN
ajfa-17310	158	5	may	may	AUX
ajfa-17310	158	6	not	not	PART
ajfa-17310	158	7	hold	hold	VERB
ajfa-17310	158	8	for	for	ADP
ajfa-17310	158	9	all	all	DET
ajfa-17310	158	10	firms	firm	NOUN
ajfa-17310	158	11	.	.	PUNCT
ajfa-17310	159	1	as	as	SCONJ
ajfa-17310	159	2	discussed	discuss	VERB
ajfa-17310	159	3	earlier	early	ADV
ajfa-17310	159	4	in	in	ADP
ajfa-17310	159	5	the	the	DET
ajfa-17310	159	6	study	study	NOUN
ajfa-17310	159	7	,	,	PUNCT
ajfa-17310	159	8	the	the	DET
ajfa-17310	159	9	information	information	NOUN
ajfa-17310	159	10	content	content	NOUN
ajfa-17310	159	11	of	of	ADP
ajfa-17310	159	12	cash	cash	NOUN
ajfa-17310	159	13	flows	flow	NOUN
ajfa-17310	159	14	versus	versus	ADP
ajfa-17310	159	15	accruals	accrual	NOUN
ajfa-17310	159	16	might	might	AUX
ajfa-17310	159	17	be	be	AUX
ajfa-17310	159	18	firm-	firm-	ADJ
ajfa-17310	159	19	,	,	PUNCT
ajfa-17310	159	20	industry-	industry-	ADJ
ajfa-17310	159	21	,	,	PUNCT
ajfa-17310	159	22	and	and	CCONJ
ajfa-17310	159	23	/or	/or	ADV
ajfa-17310	159	24	situationspecific	situationspecific	PROPN
ajfa-17310	159	25	.	.	PUNCT
ajfa-17310	160	1	while	while	SCONJ
ajfa-17310	160	2	this	this	DET
ajfa-17310	160	3	study	study	NOUN
ajfa-17310	160	4	has	have	AUX
ajfa-17310	160	5	taken	take	VERB
ajfa-17310	160	6	into	into	ADP
ajfa-17310	160	7	account	account	NOUN
ajfa-17310	160	8	the	the	DET
ajfa-17310	160	9	industry	industry	NOUN
ajfa-17310	160	10	factor	factor	NOUN
ajfa-17310	160	11	by	by	ADP
ajfa-17310	160	12	concentrating	concentrate	VERB
ajfa-17310	160	13	only	only	ADV
ajfa-17310	160	14	on	on	ADP
ajfa-17310	160	15	the	the	DET
ajfa-17310	160	16	industrial	industrial	ADJ
ajfa-17310	160	17	firms	firm	NOUN
ajfa-17310	160	18	listed	list	VERB
ajfa-17310	160	19	on	on	ADP
ajfa-17310	160	20	the	the	DET
ajfa-17310	160	21	amman	amman	PROPN
ajfa-17310	160	22	stock	stock	PROPN
ajfa-17310	160	23	exchange	exchange	PROPN
ajfa-17310	160	24	,	,	PUNCT
ajfa-17310	160	25	an	an	DET
ajfa-17310	160	26	attempt	attempt	NOUN
ajfa-17310	160	27	is	be	AUX
ajfa-17310	160	28	here	here	ADV
ajfa-17310	160	29	made	make	VERB
ajfa-17310	160	30	to	to	PART
ajfa-17310	160	31	examine	examine	VERB
ajfa-17310	160	32	the	the	DET
ajfa-17310	160	33	impact	impact	NOUN
ajfa-17310	160	34	of	of	ADP
ajfa-17310	160	35	the	the	DET
ajfa-17310	160	36	firm	firm	NOUN
ajfa-17310	160	37	’s	’s	PART
ajfa-17310	160	38	growth	growth	NOUN
ajfa-17310	160	39	prospects	prospect	NOUN
ajfa-17310	160	40	on	on	ADP
ajfa-17310	160	41	the	the	DET
ajfa-17310	160	42	incremental	incremental	ADJ
ajfa-17310	160	43	information	information	NOUN
ajfa-17310	160	44	of	of	ADP
ajfa-17310	160	45	cash	cash	NOUN
ajfa-17310	160	46	flows	flow	NOUN
ajfa-17310	160	47	.	.	PUNCT
ajfa-17310	161	1	firms	firm	NOUN
ajfa-17310	161	2	with	with	ADP
ajfa-17310	161	3	high	high	ADJ
ajfa-17310	161	4	growth	growth	NOUN
ajfa-17310	161	5	prospects	prospect	NOUN
ajfa-17310	161	6	are	be	AUX
ajfa-17310	161	7	more	more	ADV
ajfa-17310	161	8	expected	expect	VERB
ajfa-17310	161	9	to	to	PART
ajfa-17310	161	10	retain	retain	VERB
ajfa-17310	161	11	their	their	PRON
ajfa-17310	161	12	cash	cash	NOUN
ajfa-17310	161	13	flows	flow	NOUN
ajfa-17310	161	14	than	than	ADP
ajfa-17310	161	15	those	those	DET
ajfa-17310	161	16	firms	firm	NOUN
ajfa-17310	161	17	with	with	ADP
ajfa-17310	161	18	low	low	ADJ
ajfa-17310	161	19	growth	growth	NOUN
ajfa-17310	161	20	prospects	prospect	NOUN
ajfa-17310	161	21	do	do	VERB
ajfa-17310	161	22	.	.	PUNCT
ajfa-17310	162	1	to	to	PART
ajfa-17310	162	2	examine	examine	VERB
ajfa-17310	162	3	this	this	PRON
ajfa-17310	162	4	,	,	PUNCT
ajfa-17310	162	5	the	the	DET
ajfa-17310	162	6	firm/	firm/	NUM
ajfa-17310	162	7	year	year	NOUN
ajfa-17310	162	8	observations	observation	NOUN
ajfa-17310	162	9	were	be	AUX
ajfa-17310	162	10	divided	divide	VERB
ajfa-17310	162	11	into	into	ADP
ajfa-17310	162	12	tow	tow	NOUN
ajfa-17310	162	13	groups	group	NOUN
ajfa-17310	162	14	according	accord	VERB
ajfa-17310	162	15	to	to	ADP
ajfa-17310	162	16	their	their	PRON
ajfa-17310	162	17	growth	growth	NOUN
ajfa-17310	162	18	prospects	prospect	NOUN
ajfa-17310	162	19	(	(	PUNCT
ajfa-17310	162	20	as	as	SCONJ
ajfa-17310	162	21	measured	measure	VERB
ajfa-17310	162	22	by	by	ADP
ajfa-17310	162	23	market	market	NOUN
ajfa-17310	162	24	to	to	ADP
ajfa-17310	162	25	book	book	NOUN
ajfa-17310	162	26	value	value	NOUN
ajfa-17310	162	27	)	)	PUNCT
ajfa-17310	162	28	.	.	PUNCT
ajfa-17310	163	1	panel	panel	NOUN
ajfa-17310	163	2	a	a	PRON
ajfa-17310	163	3	of	of	ADP
ajfa-17310	163	4	table	table	NOUN
ajfa-17310	163	5	(	(	PUNCT
ajfa-17310	163	6	4	4	NUM
ajfa-17310	163	7	)	)	PUNCT
ajfa-17310	163	8	reports	report	VERB
ajfa-17310	163	9	the	the	DET
ajfa-17310	163	10	regression	regression	NOUN
ajfa-17310	163	11	results	result	VERB
ajfa-17310	163	12	for	for	ADP
ajfa-17310	163	13	the	the	DET
ajfa-17310	163	14	low	low	ADJ
ajfa-17310	163	15	growth	growth	NOUN
ajfa-17310	163	16	group	group	NOUN
ajfa-17310	163	17	,	,	PUNCT
ajfa-17310	163	18	while	while	SCONJ
ajfa-17310	163	19	panel	panel	NOUN
ajfa-17310	163	20	b	b	PROPN
ajfa-17310	163	21	of	of	ADP
ajfa-17310	163	22	the	the	DET
ajfa-17310	163	23	table	table	NOUN
ajfa-17310	163	24	reports	report	VERB
ajfa-17310	163	25	those	those	DET
ajfa-17310	163	26	results	result	NOUN
ajfa-17310	163	27	of	of	ADP
ajfa-17310	163	28	the	the	DET
ajfa-17310	163	29	high	high	ADJ
ajfa-17310	163	30	growth	growth	NOUN
ajfa-17310	163	31	group	group	NOUN
ajfa-17310	163	32	.	.	PUNCT
ajfa-17310	164	1	as	as	ADP
ajfa-17310	164	2	for	for	ADP
ajfa-17310	164	3	the	the	DET
ajfa-17310	164	4	low	low	ADJ
ajfa-17310	164	5	growth	growth	NOUN
ajfa-17310	164	6	group	group	NOUN
ajfa-17310	164	7	(	(	PUNCT
ajfa-17310	164	8	see	see	VERB
ajfa-17310	164	9	panel	panel	NOUN
ajfa-17310	164	10	a	a	PRON
ajfa-17310	164	11	of	of	ADP
ajfa-17310	164	12	table	table	NOUN
ajfa-17310	164	13	4	4	NUM
ajfa-17310	164	14	)	)	PUNCT
ajfa-17310	164	15	,	,	PUNCT
ajfa-17310	164	16	the	the	DET
ajfa-17310	164	17	model	model	NOUN
ajfa-17310	164	18	is	be	AUX
ajfa-17310	164	19	highly	highly	ADV
ajfa-17310	164	20	significant	significant	ADJ
ajfa-17310	164	21	(	(	PUNCT
ajfa-17310	164	22	f	f	NOUN
ajfa-17310	164	23	=	=	PUNCT
ajfa-17310	164	24	13.752	13.752	NUM
ajfa-17310	164	25	,	,	PUNCT
ajfa-17310	164	26	p	p	NOUN
ajfa-17310	164	27	=	=	NOUN
ajfa-17310	164	28	.0001	.0001	PROPN
ajfa-17310	164	29	)	)	PUNCT
ajfa-17310	164	30	and	and	CCONJ
ajfa-17310	164	31	can	can	AUX
ajfa-17310	164	32	explain	explain	VERB
ajfa-17310	164	33	about	about	ADP
ajfa-17310	164	34	34	34	NUM
ajfa-17310	164	35	%	%	NOUN
ajfa-17310	164	36	of	of	ADP
ajfa-17310	164	37	the	the	DET
ajfa-17310	164	38	dividend	dividend	NOUN
ajfa-17310	164	39	changes	change	NOUN
ajfa-17310	164	40	.	.	PUNCT
ajfa-17310	165	1	similar	similar	ADJ
ajfa-17310	165	2	to	to	ADP
ajfa-17310	165	3	the	the	DET
ajfa-17310	165	4	results	result	NOUN
ajfa-17310	165	5	reported	report	VERB
ajfa-17310	165	6	in	in	ADP
ajfa-17310	165	7	table	table	NOUN
ajfa-17310	165	8	(	(	PUNCT
ajfa-17310	165	9	2	2	NUM
ajfa-17310	165	10	)	)	PUNCT
ajfa-17310	165	11	above	above	ADV
ajfa-17310	165	12	,	,	PUNCT
ajfa-17310	165	13	both	both	DET
ajfa-17310	165	14	opni	opni	NOUN
ajfa-17310	165	15	and	and	CCONJ
ajfa-17310	165	16	ldiv	ldiv	NOUN
ajfa-17310	165	17	are	be	AUX
ajfa-17310	165	18	highly	highly	ADV
ajfa-17310	165	19	significant	significant	ADJ
ajfa-17310	165	20	with	with	ADP
ajfa-17310	165	21	positive	positive	ADJ
ajfa-17310	165	22	and	and	CCONJ
ajfa-17310	165	23	negative	negative	ADJ
ajfa-17310	165	24	coefficients	coefficient	NOUN
ajfa-17310	165	25	,	,	PUNCT
ajfa-17310	165	26	respectively	respectively	ADV
ajfa-17310	165	27	.	.	PUNCT
ajfa-17310	166	1	the	the	DET
ajfa-17310	166	2	opcf	opcf	PROPN
ajfa-17310	166	3	variable	variable	NOUN
ajfa-17310	166	4	is	be	AUX
ajfa-17310	166	5	significant	significant	ADJ
ajfa-17310	166	6	though	though	SCONJ
ajfa-17310	166	7	at	at	ADP
ajfa-17310	166	8	10	10	NUM
ajfa-17310	166	9	%	%	NOUN
ajfa-17310	166	10	.	.	PUNCT
ajfa-17310	167	1	similar	similar	ADJ
ajfa-17310	167	2	results	result	NOUN
ajfa-17310	167	3	are	be	AUX
ajfa-17310	167	4	also	also	ADV
ajfa-17310	167	5	reported	report	VERB
ajfa-17310	167	6	for	for	ADP
ajfa-17310	167	7	the	the	DET
ajfa-17310	167	8	high	high	ADJ
ajfa-17310	167	9	growth	growth	NOUN
ajfa-17310	167	10	group	group	NOUN
ajfa-17310	167	11	(	(	PUNCT
ajfa-17310	167	12	see	see	VERB
ajfa-17310	167	13	panel	panel	NOUN
ajfa-17310	167	14	b	b	NOUN
ajfa-17310	167	15	)	)	PUNCT
ajfa-17310	167	16	.	.	PUNCT
ajfa-17310	168	1	both	both	DET
ajfa-17310	168	2	opni	opni	NOUN
ajfa-17310	168	3	and	and	CCONJ
ajfa-17310	168	4	ldiv	ldiv	PROPN
ajfa-17310	168	5	are	be	AUX
ajfa-17310	168	6	found	find	VERB
ajfa-17310	168	7	significant	significant	ADJ
ajfa-17310	168	8	at	at	ADP
ajfa-17310	168	9	1	1	NUM
ajfa-17310	168	10	%	%	NOUN
ajfa-17310	168	11	with	with	ADP
ajfa-17310	168	12	positive	positive	ADJ
ajfa-17310	168	13	and	and	CCONJ
ajfa-17310	168	14	negative	negative	ADJ
ajfa-17310	168	15	suggest	suggest	VERB
ajfa-17310	168	16	that	that	SCONJ
ajfa-17310	168	17	the	the	DET
ajfa-17310	168	18	opni	opni	NOUN
ajfa-17310	168	19	has	have	VERB
ajfa-17310	168	20	asian	asian	ADJ
ajfa-17310	168	21	journal	journal	NOUN
ajfa-17310	168	22	of	of	ADP
ajfa-17310	168	23	finance	finance	PROPN
ajfa-17310	168	24	&	&	CCONJ
ajfa-17310	168	25	accounting	accounting	PROPN
ajfa-17310	168	26	issn	issn	PROPN
ajfa-17310	168	27	1946	1946	NUM
ajfa-17310	168	28	-	-	PUNCT
ajfa-17310	168	29	052x	052x	NOUN
ajfa-17310	168	30	2020	2020	NUM
ajfa-17310	168	31	,	,	PUNCT
ajfa-17310	168	32	vol	vol	NOUN
ajfa-17310	168	33	.	.	PROPN
ajfa-17310	168	34	12	12	NUM
ajfa-17310	168	35	,	,	PUNCT
ajfa-17310	168	36	no	no	INTJ
ajfa-17310	168	37	.	.	NOUN
ajfa-17310	168	38	2	2	NUM
ajfa-17310	168	39	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	168	40	10	10	NUM
ajfa-17310	168	41	incremental	incremental	ADJ
ajfa-17310	168	42	information	information	NOUN
ajfa-17310	168	43	beyond	beyond	ADP
ajfa-17310	168	44	opcf	opcf	NOUN
ajfa-17310	168	45	in	in	ADP
ajfa-17310	168	46	explaining	explain	VERB
ajfa-17310	168	47	dividend	dividend	NOUN
ajfa-17310	168	48	changes	change	NOUN
ajfa-17310	168	49	for	for	ADP
ajfa-17310	168	50	both	both	CCONJ
ajfa-17310	168	51	the	the	DET
ajfa-17310	168	52	low	low	ADJ
ajfa-17310	168	53	growth	growth	NOUN
ajfa-17310	168	54	group	group	NOUN
ajfa-17310	168	55	and	and	CCONJ
ajfa-17310	168	56	high	high	ADJ
ajfa-17310	168	57	growth	growth	NOUN
ajfa-17310	168	58	group	group	NOUN
ajfa-17310	168	59	.	.	PUNCT
ajfa-17310	169	1	table	table	NOUN
ajfa-17310	169	2	4	4	NUM
ajfa-17310	169	3	.	.	PUNCT
ajfa-17310	170	1	summary	summary	NOUN
ajfa-17310	170	2	results	result	NOUN
ajfa-17310	170	3	of	of	ADP
ajfa-17310	170	4	the	the	DET
ajfa-17310	170	5	regressions	regression	NOUN
ajfa-17310	170	6	for	for	ADP
ajfa-17310	170	7	the	the	DET
ajfa-17310	170	8	low	low	ADJ
ajfa-17310	170	9	growth	growth	NOUN
ajfa-17310	170	10	firms	firm	NOUN
ajfa-17310	170	11	and	and	CCONJ
ajfa-17310	170	12	high	high	ADJ
ajfa-17310	170	13	growth	growth	NOUN
ajfa-17310	170	14	firms	firm	NOUN
ajfa-17310	170	15	panel	panel	VERB
ajfa-17310	170	16	a	a	DET
ajfa-17310	170	17	:	:	PUNCT
ajfa-17310	170	18	low	low	ADJ
ajfa-17310	170	19	growth	growth	NOUN
ajfa-17310	170	20	firms	firm	NOUN
ajfa-17310	170	21	b0	b0	NOUN
ajfa-17310	170	22	(	(	PUNCT
ajfa-17310	170	23	constant	constant	ADJ
ajfa-17310	170	24	b1(opcf	b1(opcf	PROPN
ajfa-17310	170	25	)	)	PUNCT
ajfa-17310	170	26	b2(opni	b2(opni	NOUN
ajfa-17310	170	27	)	)	PUNCT
ajfa-17310	170	28	b3(ldiv	b3(ldiv	NOUN
ajfa-17310	170	29	)	)	PUNCT
ajfa-17310	170	30	adj.r2	adj.r2	VERB
ajfa-17310	170	31	f	f	PROPN
ajfa-17310	170	32	.0087	.0087	PUNCT
ajfa-17310	170	33	.0154	.0154	PROPN
ajfa-17310	170	34	*	*	PUNCT
ajfa-17310	170	35	.1378	.1378	PUNCT
ajfa-17310	170	36	*	*	PUNCT
ajfa-17310	170	37	*	*	PUNCT
ajfa-17310	170	38	*	*	PUNCT
ajfa-17310	170	39	-.6699	-.6699	PUNCT
ajfa-17310	170	40	*	*	PUNCT
ajfa-17310	170	41	*	*	PUNCT
ajfa-17310	170	42	*	*	PUNCT
ajfa-17310	170	43	.3437	.3437	PROPN
ajfa-17310	171	1	13.572	13.572	NUM
ajfa-17310	171	2	*	*	PUNCT
ajfa-17310	171	3	*	*	PUNCT
ajfa-17310	171	4	*	*	PUNCT
ajfa-17310	171	5	(	(	PUNCT
ajfa-17310	171	6	1.658	1.658	NUM
ajfa-17310	171	7	)	)	PUNCT
ajfa-17310	171	8	(	(	PUNCT
ajfa-17310	171	9	1.742	1.742	NUM
ajfa-17310	171	10	)	)	PUNCT
ajfa-17310	171	11	(	(	PUNCT
ajfa-17310	171	12	4.671	4.671	NUM
ajfa-17310	171	13	)	)	PUNCT
ajfa-17310	171	14	(	(	PUNCT
ajfa-17310	171	15	-4.863	-4.863	X
ajfa-17310	171	16	)	)	PUNCT
ajfa-17310	171	17	panel	panel	NOUN
ajfa-17310	171	18	b	b	NOUN
ajfa-17310	171	19	:	:	PUNCT
ajfa-17310	171	20	high	high	ADJ
ajfa-17310	171	21	growth	growth	NOUN
ajfa-17310	171	22	firms	firm	NOUN
ajfa-17310	171	23	b0	b0	NOUN
ajfa-17310	171	24	(	(	PUNCT
ajfa-17310	171	25	constant	constant	ADJ
ajfa-17310	171	26	b1(opcf	b1(opcf	PROPN
ajfa-17310	171	27	)	)	PUNCT
ajfa-17310	171	28	b2(opni	b2(opni	NOUN
ajfa-17310	171	29	)	)	PUNCT
ajfa-17310	171	30	b3(ldiv	b3(ldiv	NOUN
ajfa-17310	171	31	)	)	PUNCT
ajfa-17310	171	32	adj.r2	adj.r2	VERB
ajfa-17310	171	33	f	f	PROPN
ajfa-17310	171	34	.0052	.0052	PROPN
ajfa-17310	171	35	-.0135	-.0135	PROPN
ajfa-17310	171	36	.1252	.1252	PROPN
ajfa-17310	171	37	*	*	PUNCT
ajfa-17310	171	38	*	*	PUNCT
ajfa-17310	171	39	*	*	NOUN
ajfa-17310	171	40	-.5904	-.5904	PUNCT
ajfa-17310	171	41	*	*	PUNCT
ajfa-17310	171	42	*	*	PUNCT
ajfa-17310	171	43	*	*	PUNCT
ajfa-17310	171	44	.4121	.4121	PROPN
ajfa-17310	171	45	17.361	17.361	NUM
ajfa-17310	171	46	*	*	PUNCT
ajfa-17310	171	47	*	*	PUNCT
ajfa-17310	171	48	*	*	PUNCT
ajfa-17310	171	49	(	(	PUNCT
ajfa-17310	171	50	1.501	1.501	NUM
ajfa-17310	171	51	)	)	PUNCT
ajfa-17310	171	52	(	(	PUNCT
ajfa-17310	171	53	-1.520	-1.520	NOUN
ajfa-17310	171	54	)	)	PUNCT
ajfa-17310	171	55	(	(	PUNCT
ajfa-17310	171	56	4.082	4.082	NUM
ajfa-17310	171	57	)	)	PUNCT
ajfa-17310	171	58	(	(	PUNCT
ajfa-17310	171	59	-6.488	-6.488	NOUN
ajfa-17310	171	60	)	)	PUNCT
ajfa-17310	171	61	b0	b0	NOUN
ajfa-17310	171	62	–	–	PUNCT
ajfa-17310	171	63	b3	b3	PROPN
ajfa-17310	171	64	:	:	PUNCT
ajfa-17310	171	65	regression	regression	NOUN
ajfa-17310	171	66	coefficients	coefficient	NOUN
ajfa-17310	171	67	t	t	PROPN
ajfa-17310	171	68	–	–	PUNCT
ajfa-17310	171	69	values	value	NOUN
ajfa-17310	171	70	are	be	AUX
ajfa-17310	171	71	between	between	ADP
ajfa-17310	171	72	parentheses	parenthesis	NOUN
ajfa-17310	171	73	*	*	PUNCT
ajfa-17310	171	74	*	*	PUNCT
ajfa-17310	171	75	*	*	PUNCT
ajfa-17310	171	76	significant	significant	ADJ
ajfa-17310	171	77	at	at	ADP
ajfa-17310	171	78	1	1	NUM
ajfa-17310	171	79	%	%	NOUN
ajfa-17310	171	80	*	*	PUNCT
ajfa-17310	171	81	significant	significant	ADJ
ajfa-17310	171	82	at	at	ADP
ajfa-17310	171	83	10	10	NUM
ajfa-17310	171	84	%	%	NOUN
ajfa-17310	171	85	5	5	NUM
ajfa-17310	171	86	.	.	PUNCT
ajfa-17310	171	87	conclusion	conclusion	NOUN
ajfa-17310	171	88	,	,	PUNCT
ajfa-17310	171	89	recommendations	recommendation	VERB
ajfa-17310	171	90	the	the	DET
ajfa-17310	171	91	main	main	ADJ
ajfa-17310	171	92	objective	objective	NOUN
ajfa-17310	171	93	of	of	ADP
ajfa-17310	171	94	this	this	DET
ajfa-17310	171	95	study	study	NOUN
ajfa-17310	171	96	was	be	AUX
ajfa-17310	171	97	to	to	PART
ajfa-17310	171	98	examine	examine	VERB
ajfa-17310	171	99	whether	whether	SCONJ
ajfa-17310	171	100	operating	operate	VERB
ajfa-17310	171	101	cash	cash	NOUN
ajfa-17310	171	102	flows	flow	NOUN
ajfa-17310	171	103	have	have	VERB
ajfa-17310	171	104	incremental	incremental	ADJ
ajfa-17310	171	105	information	information	NOUN
ajfa-17310	171	106	beyond	beyond	ADP
ajfa-17310	171	107	the	the	DET
ajfa-17310	171	108	operating	operate	VERB
ajfa-17310	171	109	net	net	ADJ
ajfa-17310	171	110	income	income	NOUN
ajfa-17310	171	111	in	in	ADP
ajfa-17310	171	112	explaining	explain	VERB
ajfa-17310	171	113	dividend	dividend	NOUN
ajfa-17310	171	114	changes	change	NOUN
ajfa-17310	171	115	for	for	ADP
ajfa-17310	171	116	a	a	DET
ajfa-17310	171	117	sample	sample	NOUN
ajfa-17310	171	118	of	of	ADP
ajfa-17310	171	119	jordanian	jordanian	ADJ
ajfa-17310	171	120	industrial	industrial	ADJ
ajfa-17310	171	121	firms	firm	NOUN
ajfa-17310	171	122	listed	list	VERB
ajfa-17310	171	123	on	on	ADP
ajfa-17310	171	124	the	the	DET
ajfa-17310	171	125	ase	ase	NOUN
ajfa-17310	171	126	during	during	ADP
ajfa-17310	171	127	the	the	DET
ajfa-17310	171	128	period	period	NOUN
ajfa-17310	171	129	2010	2010	NUM
ajfa-17310	171	130	-	-	SYM
ajfa-17310	171	131	2016	2016	NUM
ajfa-17310	171	132	.	.	PUNCT
ajfa-17310	172	1	arguments	argument	NOUN
ajfa-17310	172	2	for	for	ADP
ajfa-17310	172	3	the	the	DET
ajfa-17310	172	4	operating	operate	VERB
ajfa-17310	172	5	cash	cash	NOUN
ajfa-17310	172	6	flow	flow	NOUN
ajfa-17310	172	7	information	information	NOUN
ajfa-17310	172	8	suggest	suggest	VERB
ajfa-17310	172	9	that	that	SCONJ
ajfa-17310	172	10	it	it	PRON
ajfa-17310	172	11	is	be	AUX
ajfa-17310	172	12	better	well	ADJ
ajfa-17310	172	13	than	than	ADP
ajfa-17310	172	14	the	the	DET
ajfa-17310	172	15	accrual	accrual	ADJ
ajfa-17310	172	16	net	net	ADJ
ajfa-17310	172	17	income	income	NOUN
ajfa-17310	172	18	in	in	ADP
ajfa-17310	172	19	reflecting	reflect	VERB
ajfa-17310	172	20	the	the	DET
ajfa-17310	172	21	firm	firm	ADJ
ajfa-17310	172	22	performance	performance	NOUN
ajfa-17310	172	23	,	,	PUNCT
ajfa-17310	172	24	and	and	CCONJ
ajfa-17310	172	25	in	in	ADP
ajfa-17310	172	26	measuring	measure	VERB
ajfa-17310	172	27	the	the	DET
ajfa-17310	172	28	firm	firm	ADJ
ajfa-17310	172	29	liquidity	liquidity	NOUN
ajfa-17310	172	30	.	.	PUNCT
ajfa-17310	173	1	both	both	DET
ajfa-17310	173	2	performance	performance	NOUN
ajfa-17310	173	3	and	and	CCONJ
ajfa-17310	173	4	liquidity	liquidity	NOUN
ajfa-17310	173	5	are	be	AUX
ajfa-17310	173	6	viewed	view	VERB
ajfa-17310	173	7	as	as	ADP
ajfa-17310	173	8	significant	significant	ADJ
ajfa-17310	173	9	factors	factor	NOUN
ajfa-17310	173	10	in	in	ADP
ajfa-17310	173	11	influencing	influence	VERB
ajfa-17310	173	12	a	a	DET
ajfa-17310	173	13	firm	firm	NOUN
ajfa-17310	173	14	’s	’s	PART
ajfa-17310	173	15	dividend	dividend	NOUN
ajfa-17310	173	16	policy	policy	NOUN
ajfa-17310	173	17	.	.	PUNCT
ajfa-17310	174	1	however	however	ADV
ajfa-17310	174	2	,	,	PUNCT
ajfa-17310	174	3	the	the	DET
ajfa-17310	174	4	results	result	NOUN
ajfa-17310	174	5	of	of	ADP
ajfa-17310	174	6	this	this	DET
ajfa-17310	174	7	study	study	NOUN
ajfa-17310	174	8	do	do	AUX
ajfa-17310	174	9	not	not	PART
ajfa-17310	174	10	render	render	VERB
ajfa-17310	174	11	support	support	NOUN
ajfa-17310	174	12	to	to	ADP
ajfa-17310	174	13	the	the	DET
ajfa-17310	174	14	asserted	assert	VERB
ajfa-17310	174	15	relationship	relationship	NOUN
ajfa-17310	174	16	between	between	ADP
ajfa-17310	174	17	operating	operate	VERB
ajfa-17310	174	18	cash	cash	NOUN
ajfa-17310	174	19	flows	flow	NOUN
ajfa-17310	174	20	and	and	CCONJ
ajfa-17310	174	21	dividend	dividend	NOUN
ajfa-17310	174	22	changes	change	NOUN
ajfa-17310	174	23	.	.	PUNCT
ajfa-17310	175	1	the	the	DET
ajfa-17310	175	2	study	study	NOUN
ajfa-17310	175	3	found	find	VERB
ajfa-17310	175	4	that	that	SCONJ
ajfa-17310	175	5	the	the	DET
ajfa-17310	175	6	operating	operate	VERB
ajfa-17310	175	7	cash	cash	NOUN
ajfa-17310	175	8	flows	flow	NOUN
ajfa-17310	175	9	do	do	AUX
ajfa-17310	175	10	not	not	PART
ajfa-17310	175	11	provide	provide	VERB
ajfa-17310	175	12	any	any	DET
ajfa-17310	175	13	incremental	incremental	ADJ
ajfa-17310	175	14	information	information	NOUN
ajfa-17310	175	15	beyond	beyond	ADP
ajfa-17310	175	16	that	that	PRON
ajfa-17310	175	17	provided	provide	VERB
ajfa-17310	175	18	by	by	ADP
ajfa-17310	175	19	the	the	DET
ajfa-17310	175	20	accrual	accrual	ADJ
ajfa-17310	175	21	operating	operate	VERB
ajfa-17310	175	22	income	income	NOUN
ajfa-17310	175	23	.	.	PUNCT
ajfa-17310	176	1	these	these	DET
ajfa-17310	176	2	results	result	NOUN
ajfa-17310	176	3	are	be	AUX
ajfa-17310	176	4	consistent	consistent	ADJ
ajfa-17310	176	5	with	with	ADP
ajfa-17310	176	6	those	those	PRON
ajfa-17310	176	7	of	of	ADP
ajfa-17310	176	8	the	the	DET
ajfa-17310	176	9	previous	previous	ADJ
ajfa-17310	176	10	studies	study	NOUN
ajfa-17310	176	11	.	.	PUNCT
ajfa-17310	177	1	previous	previous	ADJ
ajfa-17310	177	2	research	research	NOUN
ajfa-17310	177	3	on	on	ADP
ajfa-17310	177	4	the	the	DET
ajfa-17310	177	5	information	information	NOUN
ajfa-17310	177	6	content	content	NOUN
ajfa-17310	177	7	of	of	ADP
ajfa-17310	177	8	cash	cash	NOUN
ajfa-17310	177	9	flows	flow	NOUN
ajfa-17310	177	10	versus	versus	ADP
ajfa-17310	177	11	accrual	accrual	ADJ
ajfa-17310	177	12	income	income	NOUN
ajfa-17310	177	13	assumes	assume	VERB
ajfa-17310	177	14	linear	linear	NOUN
ajfa-17310	177	15	relations	relation	NOUN
ajfa-17310	177	16	between	between	ADP
ajfa-17310	177	17	cash	cash	NOUN
ajfa-17310	177	18	flows	flow	NOUN
ajfa-17310	177	19	and	and	CCONJ
ajfa-17310	177	20	dividend	dividend	NOUN
ajfa-17310	177	21	changes	change	NOUN
ajfa-17310	177	22	.	.	PUNCT
ajfa-17310	178	1	following	follow	VERB
ajfa-17310	178	2	charitou	charitou	NOUN
ajfa-17310	178	3	and	and	CCONJ
ajfa-17310	178	4	vafeas	vafea	NOUN
ajfa-17310	178	5	,	,	PUNCT
ajfa-17310	178	6	this	this	DET
ajfa-17310	178	7	study	study	NOUN
ajfa-17310	178	8	allowed	allow	VERB
ajfa-17310	178	9	nonlinearity	nonlinearity	NOUN
ajfa-17310	178	10	in	in	ADP
ajfa-17310	178	11	the	the	DET
ajfa-17310	178	12	relationship	relationship	NOUN
ajfa-17310	178	13	between	between	ADP
ajfa-17310	178	14	cash	cash	NOUN
ajfa-17310	178	15	flow	flow	NOUN
ajfa-17310	178	16	and	and	CCONJ
ajfa-17310	178	17	dividend	dividend	NOUN
ajfa-17310	178	18	changes	change	NOUN
ajfa-17310	178	19	asian	asian	ADJ
ajfa-17310	178	20	journal	journal	NOUN
ajfa-17310	178	21	of	of	ADP
ajfa-17310	178	22	finance	finance	PROPN
ajfa-17310	178	23	&	&	CCONJ
ajfa-17310	178	24	accounting	accounting	PROPN
ajfa-17310	178	25	issn	issn	PROPN
ajfa-17310	178	26	1946	1946	NUM
ajfa-17310	178	27	-	-	PUNCT
ajfa-17310	178	28	052x	052x	NOUN
ajfa-17310	178	29	2020	2020	NUM
ajfa-17310	178	30	,	,	PUNCT
ajfa-17310	178	31	vol	vol	NOUN
ajfa-17310	178	32	.	.	PROPN
ajfa-17310	178	33	12	12	NUM
ajfa-17310	178	34	,	,	PUNCT
ajfa-17310	178	35	no	no	INTJ
ajfa-17310	178	36	.	.	NOUN
ajfa-17310	178	37	2	2	NUM
ajfa-17310	178	38	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	178	39	11	11	NUM
ajfa-17310	178	40	by	by	ADP
ajfa-17310	178	41	using	use	VERB
ajfa-17310	178	42	separate	separate	ADJ
ajfa-17310	178	43	models	model	NOUN
ajfa-17310	178	44	for	for	ADP
ajfa-17310	178	45	high	high	ADJ
ajfa-17310	178	46	growth	growth	NOUN
ajfa-17310	178	47	firms	firm	NOUN
ajfa-17310	178	48	and	and	CCONJ
ajfa-17310	178	49	low	low	ADJ
ajfa-17310	178	50	growth	growth	NOUN
ajfa-17310	178	51	firms	firm	NOUN
ajfa-17310	178	52	.	.	PUNCT
ajfa-17310	179	1	the	the	DET
ajfa-17310	179	2	results	result	NOUN
ajfa-17310	179	3	of	of	ADP
ajfa-17310	179	4	the	the	DET
ajfa-17310	179	5	tow	tow	NOUN
ajfa-17310	179	6	regression	regression	NOUN
ajfa-17310	179	7	models	model	NOUN
ajfa-17310	179	8	provide	provide	VERB
ajfa-17310	179	9	evidence	evidence	NOUN
ajfa-17310	179	10	consistent	consistent	ADJ
ajfa-17310	179	11	with	with	ADP
ajfa-17310	179	12	the	the	DET
ajfa-17310	179	13	superiority	superiority	NOUN
ajfa-17310	179	14	of	of	ADP
ajfa-17310	179	15	the	the	DET
ajfa-17310	179	16	accrual	accrual	ADJ
ajfa-17310	179	17	operating	operate	VERB
ajfa-17310	179	18	income	income	NOUN
ajfa-17310	179	19	over	over	ADP
ajfa-17310	179	20	the	the	DET
ajfa-17310	179	21	operating	operate	VERB
ajfa-17310	179	22	cash	cash	NOUN
ajfa-17310	179	23	flow	flow	NOUN
ajfa-17310	179	24	in	in	ADP
ajfa-17310	179	25	explaining	explain	VERB
ajfa-17310	179	26	dividend	dividend	NOUN
ajfa-17310	179	27	changes	change	NOUN
ajfa-17310	179	28	.	.	PUNCT
ajfa-17310	180	1	the	the	DET
ajfa-17310	180	2	results	result	NOUN
ajfa-17310	180	3	of	of	ADP
ajfa-17310	180	4	this	this	DET
ajfa-17310	180	5	study	study	NOUN
ajfa-17310	180	6	suggest	suggest	VERB
ajfa-17310	180	7	that	that	SCONJ
ajfa-17310	180	8	jordanian	jordanian	ADJ
ajfa-17310	180	9	industrial	industrial	ADJ
ajfa-17310	180	10	firms	firm	NOUN
ajfa-17310	180	11	base	base	VERB
ajfa-17310	180	12	their	their	PRON
ajfa-17310	180	13	dividend	dividend	NOUN
ajfa-17310	180	14	polices	police	NOUN
ajfa-17310	180	15	on	on	ADP
ajfa-17310	180	16	accrual	accrual	ADJ
ajfa-17310	180	17	income	income	NOUN
ajfa-17310	180	18	rather	rather	ADV
ajfa-17310	180	19	than	than	ADP
ajfa-17310	180	20	on	on	ADP
ajfa-17310	180	21	operating	operate	VERB
ajfa-17310	180	22	cash	cash	NOUN
ajfa-17310	180	23	flows	flow	NOUN
ajfa-17310	180	24	.	.	PUNCT
ajfa-17310	181	1	according	accord	VERB
ajfa-17310	181	2	to	to	ADP
ajfa-17310	181	3	lawson	lawson	PROPN
ajfa-17310	181	4	,	,	PUNCT
ajfa-17310	181	5	paying	pay	VERB
ajfa-17310	181	6	dividends	dividend	NOUN
ajfa-17310	181	7	should	should	AUX
ajfa-17310	181	8	be	be	AUX
ajfa-17310	181	9	based	base	VERB
ajfa-17310	181	10	on	on	ADP
ajfa-17310	181	11	cash	cash	NOUN
ajfa-17310	181	12	flows	flow	NOUN
ajfa-17310	181	13	rather	rather	ADV
ajfa-17310	181	14	than	than	ADP
ajfa-17310	181	15	accrual	accrual	ADJ
ajfa-17310	181	16	earnings	earning	NOUN
ajfa-17310	181	17	.	.	PUNCT
ajfa-17310	182	1	he	he	PRON
ajfa-17310	182	2	stated	state	VERB
ajfa-17310	182	3	that	that	SCONJ
ajfa-17310	182	4	basing	base	VERB
ajfa-17310	182	5	dividend	dividend	NOUN
ajfa-17310	182	6	policy	policy	NOUN
ajfa-17310	182	7	on	on	ADP
ajfa-17310	182	8	accrual	accrual	ADJ
ajfa-17310	182	9	income	income	NOUN
ajfa-17310	182	10	would	would	AUX
ajfa-17310	182	11	result	result	VERB
ajfa-17310	182	12	in	in	ADP
ajfa-17310	182	13	dividend	dividend	NOUN
ajfa-17310	182	14	payments	payment	NOUN
ajfa-17310	182	15	that	that	PRON
ajfa-17310	182	16	are	be	AUX
ajfa-17310	182	17	not	not	PART
ajfa-17310	182	18	internally	internally	ADV
ajfa-17310	182	19	financed	finance	VERB
ajfa-17310	182	20	and	and	CCONJ
ajfa-17310	182	21	,	,	PUNCT
ajfa-17310	182	22	in	in	ADP
ajfa-17310	182	23	effect	effect	NOUN
ajfa-17310	182	24	,	,	PUNCT
ajfa-17310	182	25	this	this	PRON
ajfa-17310	182	26	would	would	AUX
ajfa-17310	182	27	deteriorate	deteriorate	VERB
ajfa-17310	182	28	the	the	DET
ajfa-17310	182	29	liquidity	liquidity	NOUN
ajfa-17310	182	30	and	and	CCONJ
ajfa-17310	182	31	solvency	solvency	NOUN
ajfa-17310	182	32	position	position	NOUN
ajfa-17310	182	33	of	of	ADP
ajfa-17310	182	34	the	the	DET
ajfa-17310	182	35	firm	firm	NOUN
ajfa-17310	182	36	.	.	PUNCT
ajfa-17310	183	1	references	reference	NOUN
ajfa-17310	183	2	ali	ali	PROPN
ajfa-17310	183	3	,	,	PUNCT
ajfa-17310	183	4	a.	a.	PROPN
ajfa-17310	183	5	(	(	PUNCT
ajfa-17310	183	6	spring	spring	NOUN
ajfa-17310	183	7	,	,	PUNCT
ajfa-17310	183	8	1994	1994	NUM
ajfa-17310	183	9	)	)	PUNCT
ajfa-17310	183	10	.	.	PUNCT
ajfa-17310	184	1	the	the	DET
ajfa-17310	184	2	incremental	incremental	ADJ
ajfa-17310	184	3	information	information	NOUN
ajfa-17310	184	4	content	content	NOUN
ajfa-17310	184	5	of	of	ADP
ajfa-17310	184	6	earnings	earning	NOUN
ajfa-17310	184	7	,	,	PUNCT
ajfa-17310	184	8	working	work	VERB
ajfa-17310	184	9	capital	capital	NOUN
ajfa-17310	184	10	from	from	ADP
ajfa-17310	184	11	operations	operation	NOUN
ajfa-17310	184	12	,	,	PUNCT
ajfa-17310	184	13	and	and	CCONJ
ajfa-17310	184	14	cash	cash	NOUN
ajfa-17310	184	15	flows	flow	NOUN
ajfa-17310	184	16	.	.	PUNCT
ajfa-17310	185	1	journal	journal	NOUN
ajfa-17310	185	2	of	of	ADP
ajfa-17310	185	3	accounting	accounting	NOUN
ajfa-17310	185	4	research	research	NOUN
ajfa-17310	185	5	,	,	PUNCT
ajfa-17310	185	6	61	61	NUM
ajfa-17310	185	7	-	-	SYM
ajfa-17310	185	8	74	74	NUM
ajfa-17310	185	9	.	.	PUNCT
ajfa-17310	186	1	https://doi.org/10.2307/2491387	https://doi.org/10.2307/2491387	PROPN
ajfa-17310	186	2	andreas	andreas	PROPN
ajfa-17310	186	3	charitou	charitou	PROPN
ajfa-17310	186	4	,	,	PUNCT
ajfa-17310	186	5	&	&	CCONJ
ajfa-17310	186	6	nikos	nikos	PROPN
ajfa-17310	186	7	vafeas	vafeas	PROPN
ajfa-17310	186	8	.	.	PUNCT
ajfa-17310	187	1	(	(	PUNCT
ajfa-17310	187	2	1998	1998	NUM
ajfa-17310	187	3	)	)	PUNCT
ajfa-17310	187	4	.	.	PUNCT
ajfa-17310	188	1	the	the	DET
ajfa-17310	188	2	association	association	NOUN
ajfa-17310	188	3	between	between	ADP
ajfa-17310	188	4	operating	operate	VERB
ajfa-17310	188	5	cash	cash	NOUN
ajfa-17310	188	6	flows	flow	NOUN
ajfa-17310	188	7	and	and	CCONJ
ajfa-17310	188	8	dividend	dividend	NOUN
ajfa-17310	188	9	changes	change	NOUN
ajfa-17310	188	10	:	:	PUNCT
ajfa-17310	188	11	an	an	DET
ajfa-17310	188	12	empirical	empirical	ADJ
ajfa-17310	188	13	investigation	investigation	NOUN
ajfa-17310	188	14	.	.	PUNCT
ajfa-17310	189	1	journal	journal	PROPN
ajfa-17310	189	2	of	of	ADP
ajfa-17310	189	3	business	business	NOUN
ajfa-17310	189	4	finance	finance	NOUN
ajfa-17310	189	5	and	and	CCONJ
ajfa-17310	189	6	accounting	accounting	NOUN
ajfa-17310	189	7	,	,	PUNCT
ajfa-17310	189	8	225	225	NUM
ajfa-17310	189	9	-	-	SYM
ajfa-17310	189	10	249	249	NUM
ajfa-17310	189	11	.	.	PUNCT
ajfa-17310	190	1	https://doi.org/10.1111/1468-5957.00185	https://doi.org/10.1111/1468-5957.00185	PROPN
ajfa-17310	190	2	baker	baker	PROPN
ajfa-17310	190	3	,	,	PUNCT
ajfa-17310	190	4	h.	h.	PROPN
ajfa-17310	190	5	(	(	PUNCT
ajfa-17310	190	6	autumn	autumn	NOUN
ajfa-17310	190	7	,	,	PUNCT
ajfa-17310	190	8	1985	1985	NUM
ajfa-17310	190	9	)	)	PUNCT
ajfa-17310	190	10	.	.	PUNCT
ajfa-17310	191	1	survey	survey	NOUN
ajfa-17310	191	2	of	of	ADP
ajfa-17310	191	3	management	management	NOUN
ajfa-17310	191	4	views	view	NOUN
ajfa-17310	191	5	on	on	ADP
ajfa-17310	191	6	dividend	dividend	NOUN
ajfa-17310	191	7	policy	policy	NOUN
ajfa-17310	191	8	.	.	PUNCT
ajfa-17310	192	1	financial	financial	ADJ
ajfa-17310	192	2	management	management	NOUN
ajfa-17310	192	3	,	,	PUNCT
ajfa-17310	192	4	78	78	NUM
ajfa-17310	192	5	-	-	SYM
ajfa-17310	192	6	84	84	NUM
ajfa-17310	192	7	.	.	PUNCT
ajfa-17310	193	1	https://doi.org/10.2307/3665062	https://doi.org/10.2307/3665062	PRON
ajfa-17310	193	2	benartzi	benartzi	VERB
ajfa-17310	193	3	,	,	PUNCT
ajfa-17310	193	4	s.	s.	PROPN
ajfa-17310	193	5	,	,	PUNCT
ajfa-17310	193	6	&	&	CCONJ
ajfa-17310	193	7	r.	r.	PROPN
ajfa-17310	193	8	michaely	michaely	PROPN
ajfa-17310	193	9	.	.	PUNCT
ajfa-17310	194	1	(	(	PUNCT
ajfa-17310	194	2	july	july	PROPN
ajfa-17310	194	3	,	,	PUNCT
ajfa-17310	194	4	1997	1997	NUM
ajfa-17310	194	5	)	)	PUNCT
ajfa-17310	194	6	.	.	PUNCT
ajfa-17310	195	1	do	do	AUX
ajfa-17310	195	2	changes	change	NOUN
ajfa-17310	195	3	in	in	ADP
ajfa-17310	195	4	dividends	dividend	NOUN
ajfa-17310	195	5	signal	signal	VERB
ajfa-17310	195	6	the	the	DET
ajfa-17310	195	7	future	future	NOUN
ajfa-17310	195	8	or	or	CCONJ
ajfa-17310	195	9	the	the	DET
ajfa-17310	195	10	past	past	NOUN
ajfa-17310	195	11	?	?	PUNCT
ajfa-17310	195	12	.	.	PUNCT
ajfa-17310	196	1	journal	journal	PROPN
ajfa-17310	196	2	of	of	ADP
ajfa-17310	196	3	finance	finance	NOUN
ajfa-17310	196	4	,	,	PUNCT
ajfa-17310	196	5	1007	1007	NUM
ajfa-17310	196	6	-	-	SYM
ajfa-17310	196	7	1034	1034	NUM
ajfa-17310	196	8	.	.	PUNCT
ajfa-17310	197	1	https://doi.org/10.1111/j.1540-6261.1997.tb02723.x	https://doi.org/10.1111/j.1540-6261.1997.tb02723.x	PROPN
ajfa-17310	197	2	bernard	bernard	NOUN
ajfa-17310	197	3	,	,	PUNCT
ajfa-17310	197	4	v.l	v.l	PROPN
ajfa-17310	197	5	.	.	PROPN
ajfa-17310	197	6	and	and	CCONJ
ajfa-17310	197	7	t.stober	t.stober	ADJ
ajfa-17310	197	8	.	.	PUNCT
ajfa-17310	198	1	(	(	PUNCT
ajfa-17310	198	2	october	october	PROPN
ajfa-17310	198	3	,	,	PUNCT
ajfa-17310	198	4	1989	1989	NUM
ajfa-17310	198	5	)	)	PUNCT
ajfa-17310	198	6	.	.	PUNCT
ajfa-17310	199	1	the	the	DET
ajfa-17310	199	2	nature	nature	NOUN
ajfa-17310	199	3	and	and	CCONJ
ajfa-17310	199	4	amount	amount	NOUN
ajfa-17310	199	5	of	of	ADP
ajfa-17310	199	6	information	information	NOUN
ajfa-17310	199	7	in	in	ADP
ajfa-17310	199	8	cash	cash	NOUN
ajfa-17310	199	9	flows	flow	NOUN
ajfa-17310	199	10	and	and	CCONJ
ajfa-17310	199	11	accruals	accrual	NOUN
ajfa-17310	199	12	.	.	PUNCT
ajfa-17310	200	1	the	the	DET
ajfa-17310	200	2	accounting	accounting	NOUN
ajfa-17310	200	3	review	review	NOUN
ajfa-17310	200	4	,	,	PUNCT
ajfa-17310	200	5	pp	pp	ADP
ajfa-17310	200	6	.	.	PUNCT
ajfa-17310	200	7	624	624	NUM
ajfa-17310	200	8	-	-	PUNCT
ajfa-17310	200	9	652	652	NUM
ajfa-17310	200	10	.	.	PUNCT
ajfa-17310	201	1	bernstein	bernstein	PROPN
ajfa-17310	201	2	,	,	PUNCT
ajfa-17310	201	3	a.l	a.l	PROPN
ajfa-17310	201	4	.	.	PROPN
ajfa-17310	201	5	(	(	PUNCT
ajfa-17310	201	6	1993	1993	NUM
ajfa-17310	201	7	)	)	PUNCT
ajfa-17310	201	8	.	.	PUNCT
ajfa-17310	202	1	financial	financial	ADJ
ajfa-17310	202	2	statement	statement	NOUN
ajfa-17310	202	3	analysis	analysis	NOUN
ajfa-17310	202	4	,	,	PUNCT
ajfa-17310	202	5	fifth	fifth	ADJ
ajfa-17310	202	6	edition	edition	NOUN
ajfa-17310	202	7	,	,	PUNCT
ajfa-17310	202	8	homewood	homewood	PROPN
ajfa-17310	202	9	,	,	PUNCT
ajfa-17310	202	10	il	il	PROPN
ajfa-17310	202	11	:	:	PUNCT
ajfa-17310	202	12	irwin	irwin	PROPN
ajfa-17310	202	13	.	.	PUNCT
ajfa-17310	203	1	bernstein	bernstein	PROPN
ajfa-17310	203	2	,	,	PUNCT
ajfa-17310	203	3	a.l	a.l	PROPN
ajfa-17310	203	4	.	.	PROPN
ajfa-17310	203	5	,	,	PUNCT
ajfa-17310	203	6	&	&	CCONJ
ajfa-17310	203	7	j.j	j.j	PROPN
ajfa-17310	203	8	.	.	PROPN
ajfa-17310	203	9	wild	wild	PROPN
ajfa-17310	203	10	.	.	PUNCT
ajfa-17310	204	1	(	(	PUNCT
ajfa-17310	204	2	1998	1998	NUM
ajfa-17310	204	3	)	)	PUNCT
ajfa-17310	204	4	.	.	PUNCT
ajfa-17310	205	1	financial	financial	ADJ
ajfa-17310	205	2	statement	statement	NOUN
ajfa-17310	205	3	analysis	analysis	NOUN
ajfa-17310	205	4	:	:	PUNCT
ajfa-17310	205	5	theory	theory	NOUN
ajfa-17310	205	6	.	.	PUNCT
ajfa-17310	206	1	application	application	NOUN
ajfa-17310	206	2	,	,	PUNCT
ajfa-17310	206	3	and	and	CCONJ
ajfa-17310	206	4	interpretation	interpretation	NOUN
ajfa-17310	206	5	,	,	PUNCT
ajfa-17310	206	6	sixth	sixth	ADJ
ajfa-17310	206	7	edition	edition	NOUN
ajfa-17310	206	8	,	,	PUNCT
ajfa-17310	206	9	mcgraw	mcgraw	PROPN
ajfa-17310	206	10	-	-	PUNCT
ajfa-17310	206	11	hill	hill	PROPN
ajfa-17310	206	12	,	,	PUNCT
ajfa-17310	206	13	ny	ny	PROPN
ajfa-17310	206	14	.	.	PROPN
ajfa-17310	206	15	bowen	bowen	PROPN
ajfa-17310	206	16	,	,	PUNCT
ajfa-17310	206	17	r.	r.	PROPN
ajfa-17310	206	18	m.	m.	PROPN
ajfa-17310	206	19	,	,	PUNCT
ajfa-17310	206	20	d.	d.	PROPN
ajfa-17310	206	21	burgstahler	burgstahler	NOUN
ajfa-17310	206	22	,	,	PUNCT
ajfa-17310	206	23	&	&	CCONJ
ajfa-17310	206	24	l.	l.	PROPN
ajfa-17310	206	25	a.	a.	PROPN
ajfa-17310	206	26	daley	daley	PROPN
ajfa-17310	206	27	.	.	PUNCT
ajfa-17310	207	1	(	(	PUNCT
ajfa-17310	207	2	october	october	PROPN
ajfa-17310	207	3	,	,	PUNCT
ajfa-17310	207	4	1987	1987	NUM
ajfa-17310	207	5	)	)	PUNCT
ajfa-17310	207	6	.	.	PUNCT
ajfa-17310	208	1	the	the	DET
ajfa-17310	208	2	incremental	incremental	ADJ
ajfa-17310	208	3	information	information	NOUN
ajfa-17310	208	4	content	content	NOUN
ajfa-17310	208	5	of	of	ADP
ajfa-17310	208	6	accrual	accrual	ADJ
ajfa-17310	208	7	versus	versus	ADP
ajfa-17310	208	8	cash	cash	NOUN
ajfa-17310	208	9	flows	flow	NOUN
ajfa-17310	208	10	.	.	PUNCT
ajfa-17310	209	1	the	the	DET
ajfa-17310	209	2	accounting	accounting	NOUN
ajfa-17310	209	3	review	review	NOUN
ajfa-17310	209	4	,	,	PUNCT
ajfa-17310	209	5	723	723	NUM
ajfa-17310	209	6	-	-	SYM
ajfa-17310	209	7	747	747	NUM
ajfa-17310	209	8	.	.	PUNCT
ajfa-17310	210	1	brook	brook	PROPN
ajfa-17310	210	2	,	,	PUNCT
ajfa-17310	210	3	y.	y.	PROPN
ajfa-17310	210	4	,	,	PUNCT
ajfa-17310	210	5	jr	jr	PROPN
ajfa-17310	210	6	.	.	PROPN
ajfa-17310	210	7	charlton	charlton	PROPN
ajfa-17310	210	8	,	,	PUNCT
ajfa-17310	210	9	w.t	w.t	PROPN
ajfa-17310	210	10	.	.	PROPN
ajfa-17310	210	11	chalrton	chalrton	PROPN
ajfa-17310	210	12	,	,	PUNCT
ajfa-17310	210	13	&	&	CCONJ
ajfa-17310	210	14	r.j	r.j	PROPN
ajfa-17310	210	15	.	.	PROPN
ajfa-17310	210	16	hendershott	hendershott	PROPN
ajfa-17310	210	17	.	.	PUNCT
ajfa-17310	211	1	(	(	PUNCT
ajfa-17310	211	2	autumn	autumn	NOUN
ajfa-17310	211	3	,	,	PUNCT
ajfa-17310	211	4	1998	1998	NUM
ajfa-17310	211	5	)	)	PUNCT
ajfa-17310	211	6	.	.	PUNCT
ajfa-17310	212	1	do	do	AUX
ajfa-17310	212	2	firms	firm	NOUN
ajfa-17310	212	3	use	use	VERB
ajfa-17310	212	4	dividends	dividend	NOUN
ajfa-17310	212	5	to	to	PART
ajfa-17310	212	6	signal	signal	VERB
ajfa-17310	212	7	large	large	ADJ
ajfa-17310	212	8	future	future	ADJ
ajfa-17310	212	9	cash	cash	NOUN
ajfa-17310	212	10	flow	flow	NOUN
ajfa-17310	212	11	increases	increase	NOUN
ajfa-17310	212	12	?	?	PUNCT
ajfa-17310	212	13	.	.	PUNCT
ajfa-17310	213	1	financial	financial	ADJ
ajfa-17310	213	2	management	management	NOUN
ajfa-17310	213	3	,	,	PUNCT
ajfa-17310	213	4	46	46	NUM
ajfa-17310	213	5	-	-	SYM
ajfa-17310	213	6	58	58	NUM
ajfa-17310	213	7	.	.	PUNCT
ajfa-17310	214	1	https://doi.org/10.1111/1468-5957.00185	https://doi.org/10.1111/1468-5957.00185	PROPN
ajfa-17310	214	2	caritou	caritou	PROPN
ajfa-17310	214	3	,	,	PUNCT
ajfa-17310	214	4	a.	a.	NOUN
ajfa-17310	214	5	and	and	CCONJ
ajfa-17310	214	6	n.	n.	PROPN
ajfa-17310	214	7	vafeas	vafea	NOUN
ajfa-17310	214	8	.	.	PUNCT
ajfa-17310	215	1	(	(	PUNCT
ajfa-17310	215	2	januray	januray	NOUN
ajfa-17310	215	3	/	/	SYM
ajfa-17310	215	4	march	march	PROPN
ajfa-17310	215	5	,	,	PUNCT
ajfa-17310	215	6	1998	1998	NUM
ajfa-17310	215	7	)	)	PUNCT
ajfa-17310	215	8	.	.	PUNCT
ajfa-17310	216	1	the	the	DET
ajfa-17310	216	2	association	association	NOUN
ajfa-17310	216	3	between	between	ADP
ajfa-17310	216	4	operating	operate	VERB
ajfa-17310	216	5	cash	cash	NOUN
ajfa-17310	216	6	flows	flow	NOUN
ajfa-17310	216	7	and	and	CCONJ
ajfa-17310	216	8	dividend	dividend	NOUN
ajfa-17310	216	9	changes	change	NOUN
ajfa-17310	216	10	:	:	PUNCT
ajfa-17310	216	11	an	an	DET
ajfa-17310	216	12	empirical	empirical	ADJ
ajfa-17310	216	13	investigation	investigation	NOUN
ajfa-17310	216	14	.	.	PUNCT
ajfa-17310	217	1	journal	journal	PROPN
ajfa-17310	217	2	of	of	ADP
ajfa-17310	217	3	business	business	NOUN
ajfa-17310	217	4	finance	finance	NOUN
ajfa-17310	217	5	and	and	CCONJ
ajfa-17310	217	6	accounting	accounting	NOUN
ajfa-17310	217	7	,	,	PUNCT
ajfa-17310	217	8	225	225	NUM
ajfa-17310	217	9	-	-	SYM
ajfa-17310	217	10	249	249	NUM
ajfa-17310	217	11	.	.	PUNCT
ajfa-17310	218	1	https://doi.org/10.1111/j.1468-5957.1994.tb00337.x	https://doi.org/10.1111/j.1468-5957.1994.tb00337.x	NOUN
ajfa-17310	218	2	dechow	dechow	ADJ
ajfa-17310	218	3	,	,	PUNCT
ajfa-17310	218	4	p.m.	p.m.	NOUN
ajfa-17310	218	5	(	(	PUNCT
ajfa-17310	218	6	july,1994	july,1994	ADJ
ajfa-17310	218	7	)	)	PUNCT
ajfa-17310	218	8	.	.	PUNCT
ajfa-17310	219	1	accounting	account	VERB
ajfa-17310	219	2	earnings	earning	NOUN
ajfa-17310	219	3	and	and	CCONJ
ajfa-17310	219	4	cash	cash	NOUN
ajfa-17310	219	5	flows	flow	NOUN
ajfa-17310	219	6	as	as	ADP
ajfa-17310	219	7	measures	measure	NOUN
ajfa-17310	219	8	of	of	ADP
ajfa-17310	219	9	firm	firm	ADJ
ajfa-17310	219	10	performance	performance	NOUN
ajfa-17310	219	11	:	:	PUNCT
ajfa-17310	219	12	the	the	DET
ajfa-17310	219	13	role	role	NOUN
ajfa-17310	219	14	of	of	ADP
ajfa-17310	219	15	accounting	accounting	NOUN
ajfa-17310	219	16	accruals	accrual	NOUN
ajfa-17310	219	17	.	.	PUNCT
ajfa-17310	220	1	journal	journal	NOUN
ajfa-17310	220	2	of	of	ADP
ajfa-17310	220	3	accounting	accounting	NOUN
ajfa-17310	220	4	and	and	CCONJ
ajfa-17310	220	5	economics	economic	NOUN
ajfa-17310	220	6	,	,	PUNCT
ajfa-17310	220	7	3	3	PROPN
ajfa-17310	220	8	-	-	SYM
ajfa-17310	220	9	42	42	NUM
ajfa-17310	220	10	.	.	PUNCT
ajfa-17310	221	1	https://doi.org/10.1016/0165-4101(94)90016-7	https://doi.org/10.1016/0165-4101(94)90016-7	ADJ
ajfa-17310	221	2	asian	asian	ADJ
ajfa-17310	221	3	journal	journal	NOUN
ajfa-17310	221	4	of	of	ADP
ajfa-17310	221	5	finance	finance	PROPN
ajfa-17310	221	6	&	&	CCONJ
ajfa-17310	221	7	accounting	accounting	PROPN
ajfa-17310	221	8	issn	issn	PROPN
ajfa-17310	221	9	1946	1946	NUM
ajfa-17310	221	10	-	-	PUNCT
ajfa-17310	221	11	052x	052x	NOUN
ajfa-17310	221	12	2020	2020	NUM
ajfa-17310	221	13	,	,	PUNCT
ajfa-17310	221	14	vol	vol	NOUN
ajfa-17310	221	15	.	.	PROPN
ajfa-17310	221	16	12	12	NUM
ajfa-17310	221	17	,	,	PUNCT
ajfa-17310	221	18	no	no	INTJ
ajfa-17310	221	19	.	.	NOUN
ajfa-17310	221	20	2	2	NUM
ajfa-17310	221	21	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	221	22	12	12	NUM
ajfa-17310	221	23	ettredge	ettredge	NOUN
ajfa-17310	221	24	,	,	PUNCT
ajfa-17310	221	25	m.	m.	NOUN
ajfa-17310	221	26	,	,	PUNCT
ajfa-17310	221	27	&	&	CCONJ
ajfa-17310	221	28	j.y.kim	j.y.kim	PROPN
ajfa-17310	221	29	.	.	PUNCT
ajfa-17310	222	1	(	(	PUNCT
ajfa-17310	222	2	fall	fall	NOUN
ajfa-17310	222	3	,	,	PUNCT
ajfa-17310	222	4	1994	1994	NUM
ajfa-17310	222	5	)	)	PUNCT
ajfa-17310	222	6	.	.	PUNCT
ajfa-17310	223	1	dividend	dividend	NOUN
ajfa-17310	223	2	behavior	behavior	NOUN
ajfa-17310	223	3	surrounding	surround	VERB
ajfa-17310	223	4	lifo	lifo	NOUN
ajfa-17310	223	5	adoption	adoption	NOUN
ajfa-17310	223	6	.	.	PUNCT
ajfa-17310	224	1	review	review	NOUN
ajfa-17310	224	2	of	of	ADP
ajfa-17310	224	3	financial	financial	ADJ
ajfa-17310	224	4	economics	economic	NOUN
ajfa-17310	224	5	,	,	PUNCT
ajfa-17310	224	6	39	39	NUM
ajfa-17310	224	7	-	-	SYM
ajfa-17310	224	8	54	54	NUM
ajfa-17310	224	9	.	.	PUNCT
ajfa-17310	225	1	https://doi.org/10.1016/1058-3300(94)90004-3	https://doi.org/10.1016/1058-3300(94)90004-3	ADJ
ajfa-17310	225	2	financial	financial	ADJ
ajfa-17310	225	3	accounting	accounting	PROPN
ajfa-17310	225	4	standard	standard	PROPN
ajfa-17310	225	5	board	board	PROPN
ajfa-17310	225	6	(	(	PUNCT
ajfa-17310	225	7	fasb	fasb	PROPN
ajfa-17310	225	8	)	)	PUNCT
ajfa-17310	225	9	.	.	PUNCT
ajfa-17310	226	1	(	(	PUNCT
ajfa-17310	226	2	1980	1980	NUM
ajfa-17310	226	3	)	)	PUNCT
ajfa-17310	226	4	.	.	PUNCT
ajfa-17310	227	1	summary	summary	NOUN
ajfa-17310	227	2	of	of	ADP
ajfa-17310	227	3	the	the	DET
ajfa-17310	227	4	discussion	discussion	NOUN
ajfa-17310	227	5	memorandum	memorandum	NOUN
ajfa-17310	227	6	on	on	ADP
ajfa-17310	227	7	reporting	report	VERB
ajfa-17310	227	8	funds	fund	NOUN
ajfa-17310	227	9	flows	flow	NOUN
ajfa-17310	227	10	.	.	PUNCT
ajfa-17310	228	1	liquidity	liquidity	NOUN
ajfa-17310	228	2	,	,	PUNCT
ajfa-17310	228	3	and	and	CCONJ
ajfa-17310	228	4	financial	financial	ADJ
ajfa-17310	228	5	flexibility	flexibility	NOUN
ajfa-17310	228	6	.	.	PUNCT
ajfa-17310	229	1	stamford	stamford	PROPN
ajfa-17310	229	2	,	,	PUNCT
ajfa-17310	229	3	ct	ct	PROPN
ajfa-17310	229	4	:	:	PUNCT
ajfa-17310	229	5	fasb	fasb	NOUN
ajfa-17310	229	6	.	.	PUNCT
ajfa-17310	230	1	gaver	gaver	PROPN
ajfa-17310	230	2	,	,	PUNCT
ajfa-17310	230	3	j.	j.	PROPN
ajfa-17310	230	4	,	,	PUNCT
ajfa-17310	230	5	&	&	CCONJ
ajfa-17310	230	6	k.	k.	PROPN
ajfa-17310	230	7	gaver	gaver	PROPN
ajfa-17310	230	8	.	.	PUNCT
ajfa-17310	231	1	(	(	PUNCT
ajfa-17310	231	2	1993	1993	NUM
ajfa-17310	231	3	)	)	PUNCT
ajfa-17310	231	4	.	.	PUNCT
ajfa-17310	232	1	additional	additional	ADJ
ajfa-17310	232	2	evidence	evidence	NOUN
ajfa-17310	232	3	on	on	ADP
ajfa-17310	232	4	the	the	DET
ajfa-17310	232	5	association	association	NOUN
ajfa-17310	232	6	between	between	ADP
ajfa-17310	232	7	the	the	DET
ajfa-17310	232	8	investment	investment	NOUN
ajfa-17310	232	9	opportunity	opportunity	NOUN
ajfa-17310	232	10	set	set	NOUN
ajfa-17310	232	11	and	and	CCONJ
ajfa-17310	232	12	corporate	corporate	ADJ
ajfa-17310	232	13	financing	financing	NOUN
ajfa-17310	232	14	,	,	PUNCT
ajfa-17310	232	15	dividend	dividend	NOUN
ajfa-17310	232	16	,	,	PUNCT
ajfa-17310	232	17	and	and	CCONJ
ajfa-17310	232	18	compensation	compensation	NOUN
ajfa-17310	232	19	policies	policy	NOUN
ajfa-17310	232	20	.	.	PUNCT
ajfa-17310	233	1	journal	journal	NOUN
ajfa-17310	233	2	of	of	ADP
ajfa-17310	233	3	accounting	accounting	NOUN
ajfa-17310	233	4	and	and	CCONJ
ajfa-17310	233	5	economics	economic	NOUN
ajfa-17310	233	6	,	,	PUNCT
ajfa-17310	233	7	16	16	NUM
ajfa-17310	233	8	,	,	PUNCT
ajfa-17310	233	9	126	126	NUM
ajfa-17310	233	10	-	-	SYM
ajfa-17310	233	11	161	161	NUM
ajfa-17310	233	12	.	.	PUNCT
ajfa-17310	234	1	https://doi.org/10.1016/0165-4101(93)90007-3	https://doi.org/10.1016/0165-4101(93)90007-3	PROPN
ajfa-17310	234	2	gibson	gibson	PROPN
ajfa-17310	234	3	,	,	PUNCT
ajfa-17310	234	4	c.h	c.h	PROPN
ajfa-17310	234	5	.	.	PROPN
ajfa-17310	234	6	(	(	PUNCT
ajfa-17310	234	7	1995	1995	NUM
ajfa-17310	234	8	)	)	PUNCT
ajfa-17310	234	9	.	.	PUNCT
ajfa-17310	235	1	financial	financial	ADJ
ajfa-17310	235	2	statement	statement	NOUN
ajfa-17310	235	3	analysis	analysis	NOUN
ajfa-17310	235	4	:	:	PUNCT
ajfa-17310	235	5	using	use	VERB
ajfa-17310	235	6	financial	financial	ADJ
ajfa-17310	235	7	accounting	accounting	NOUN
ajfa-17310	235	8	information	information	NOUN
ajfa-17310	235	9	,	,	PUNCT
ajfa-17310	235	10	sixth	sixth	ADJ
ajfa-17310	235	11	edition	edition	NOUN
ajfa-17310	235	12	,	,	PUNCT
ajfa-17310	235	13	south	south	ADJ
ajfa-17310	235	14	-	-	PUNCT
ajfa-17310	235	15	western	western	ADJ
ajfa-17310	235	16	college	college	NOUN
ajfa-17310	235	17	publishing	publishing	NOUN
ajfa-17310	235	18	,	,	PUNCT
ajfa-17310	235	19	ohio	ohio	PROPN
ajfa-17310	235	20	,	,	PUNCT
ajfa-17310	235	21	usa	usa	PROPN
ajfa-17310	235	22	.	.	PROPN
ajfa-17310	235	23	hagerman	hagerman	PROPN
ajfa-17310	235	24	,	,	PUNCT
ajfa-17310	235	25	r.l	r.l	PROPN
ajfa-17310	235	26	.	.	PROPN
ajfa-17310	235	27	,	,	PUNCT
ajfa-17310	235	28	&	&	CCONJ
ajfa-17310	235	29	r.j	r.j	PROPN
ajfa-17310	235	30	.	.	PROPN
ajfa-17310	235	31	huefner	huefner	NOUN
ajfa-17310	235	32	.	.	PUNCT
ajfa-17310	236	1	(	(	PUNCT
ajfa-17310	236	2	spring	spring	NOUN
ajfa-17310	236	3	,	,	PUNCT
ajfa-17310	236	4	1980	1980	NUM
ajfa-17310	236	5	)	)	PUNCT
ajfa-17310	236	6	.	.	PUNCT
ajfa-17310	237	1	earnings	earning	NOUN
ajfa-17310	237	2	numbers	number	NOUN
ajfa-17310	237	3	and	and	CCONJ
ajfa-17310	237	4	dividend	dividend	NOUN
ajfa-17310	237	5	prediction	prediction	NOUN
ajfa-17310	237	6	.	.	PUNCT
ajfa-17310	238	1	review	review	NOUN
ajfa-17310	238	2	of	of	ADP
ajfa-17310	238	3	business	business	NOUN
ajfa-17310	238	4	and	and	CCONJ
ajfa-17310	238	5	economic	economic	ADJ
ajfa-17310	238	6	research	research	NOUN
ajfa-17310	238	7	,	,	PUNCT
ajfa-17310	238	8	39	39	NUM
ajfa-17310	238	9	-	-	SYM
ajfa-17310	238	10	48	48	NUM
ajfa-17310	238	11	.	.	PUNCT
ajfa-17310	239	1	ibid	ibid	NOUN
ajfa-17310	239	2	,	,	PUNCT
ajfa-17310	239	3	hagerman	hagerman	PROPN
ajfa-17310	239	4	,	,	PUNCT
ajfa-17310	239	5	&	&	CCONJ
ajfa-17310	239	6	huefiner	huefiner	PROPN
ajfa-17310	239	7	.	.	PUNCT
ajfa-17310	240	1	(	(	PUNCT
ajfa-17310	240	2	1980	1980	NUM
ajfa-17310	240	3	)	)	PUNCT
ajfa-17310	240	4	.	.	PUNCT
ajfa-17310	241	1	book	book	NOUN
ajfa-17310	241	2	reviews	review	NOUN
ajfa-17310	241	3	,	,	PUNCT
ajfa-17310	241	4	jewish	jewish	ADJ
ajfa-17310	241	5	education	education	NOUN
ajfa-17310	241	6	,	,	PUNCT
ajfa-17310	241	7	48(4	48(4	NUM
ajfa-17310	241	8	)	)	PUNCT
ajfa-17310	241	9	,	,	PUNCT
ajfa-17310	241	10	39	39	NUM
ajfa-17310	241	11	-	-	SYM
ajfa-17310	241	12	48	48	NUM
ajfa-17310	241	13	.	.	PUNCT
ajfa-17310	242	1	https://doi.org/10.1080/0021642800480408	https://doi.org/10.1080/0021642800480408	PROPN
ajfa-17310	242	2	ibid	ibid	NOUN
ajfa-17310	242	3	,	,	PUNCT
ajfa-17310	242	4	lawson	lawson	PROPN
ajfa-17310	242	5	.	.	PUNCT
ajfa-17310	243	1	(	(	PUNCT
ajfa-17310	243	2	1996	1996	NUM
ajfa-17310	243	3	)	)	PUNCT
ajfa-17310	243	4	.	.	PUNCT
ajfa-17310	244	1	the	the	DET
ajfa-17310	244	2	measurement	measurement	NOUN
ajfa-17310	244	3	of	of	ADP
ajfa-17310	244	4	the	the	DET
ajfa-17310	244	5	economic	economic	ADJ
ajfa-17310	244	6	performance	performance	NOUN
ajfa-17310	244	7	of	of	ADP
ajfa-17310	244	8	the	the	DET
ajfa-17310	244	9	us	us	PROPN
ajfa-17310	244	10	nonfinancial	nonfinancial	ADJ
ajfa-17310	244	11	corporate	corporate	ADJ
ajfa-17310	244	12	business	business	NOUN
ajfa-17310	244	13	sector	sector	NOUN
ajfa-17310	244	14	1946–1990	1946–1990	NUM
ajfa-17310	244	15	:	:	PUNCT
ajfa-17310	244	16	an	an	DET
ajfa-17310	244	17	application	application	NOUN
ajfa-17310	244	18	of	of	ADP
ajfa-17310	244	19	the	the	DET
ajfa-17310	244	20	shareholder	shareholder	NOUN
ajfa-17310	244	21	value	value	NOUN
ajfa-17310	244	22	creation	creation	NOUN
ajfa-17310	244	23	concept	concept	NOUN
ajfa-17310	244	24	.	.	PUNCT
ajfa-17310	245	1	european	european	ADJ
ajfa-17310	245	2	accounting	accounting	PROPN
ajfa-17310	245	3	review	review	PROPN
ajfa-17310	245	4	,	,	PUNCT
ajfa-17310	245	5	5(4	5(4	NUM
ajfa-17310	245	6	)	)	PUNCT
ajfa-17310	245	7	,	,	PUNCT
ajfa-17310	245	8	715	715	X
ajfa-17310	245	9	-	-	SYM
ajfa-17310	245	10	741	741	NUM
ajfa-17310	245	11	.	.	PUNCT
ajfa-17310	246	1	https://doi.org/10.1080/09638189600000044	https://doi.org/10.1080/09638189600000044	PROPN
ajfa-17310	246	2	kathleen	kathleen	PROPN
ajfa-17310	246	3	simons	simons	PROPN
ajfa-17310	246	4	.	.	PUNCT
ajfa-17310	247	1	(	(	PUNCT
ajfa-17310	247	2	1994	1994	NUM
ajfa-17310	247	3	)	)	PUNCT
ajfa-17310	247	4	.	.	PUNCT
ajfa-17310	248	1	the	the	DET
ajfa-17310	248	2	relationship	relationship	NOUN
ajfa-17310	248	3	between	between	ADP
ajfa-17310	248	4	dividend	dividend	NOUN
ajfa-17310	248	5	changes	change	NOUN
ajfa-17310	248	6	and	and	CCONJ
ajfa-17310	248	7	cash	cash	NOUN
ajfa-17310	248	8	flow	flow	NOUN
ajfa-17310	248	9	:	:	PUNCT
ajfa-17310	248	10	an	an	DET
ajfa-17310	248	11	empirical	empirical	ADJ
ajfa-17310	248	12	analysis	analysis	NOUN
ajfa-17310	248	13	.	.	PUNCT
ajfa-17310	249	1	journal	journal	PROPN
ajfa-17310	249	2	of	of	ADP
ajfa-17310	249	3	business	business	NOUN
ajfa-17310	249	4	finance	finance	NOUN
ajfa-17310	249	5	and	and	CCONJ
ajfa-17310	249	6	accounting	accounting	NOUN
ajfa-17310	249	7	,	,	PUNCT
ajfa-17310	249	8	577	577	NUM
ajfa-17310	249	9	-	-	SYM
ajfa-17310	249	10	587	587	NUM
ajfa-17310	249	11	.	.	PUNCT
ajfa-17310	250	1	https://doi.org/10.1111/j.1468-5957.1994.tb00337.x	https://doi.org/10.1111/j.1468-5957.1994.tb00337.x	PROPN
ajfa-17310	250	2	lawson	lawson	PROPN
ajfa-17310	250	3	,	,	PUNCT
ajfa-17310	250	4	m.	m.	NOUN
ajfa-17310	250	5	c.	c.	PROPN
ajfa-17310	250	6	(	(	PUNCT
ajfa-17310	250	7	1996	1996	NUM
ajfa-17310	250	8	)	)	PUNCT
ajfa-17310	250	9	.	.	PUNCT
ajfa-17310	251	1	the	the	DET
ajfa-17310	251	2	measurement	measurement	NOUN
ajfa-17310	251	3	of	of	ADP
ajfa-17310	251	4	the	the	DET
ajfa-17310	251	5	economic	economic	ADJ
ajfa-17310	251	6	performance	performance	NOUN
ajfa-17310	251	7	of	of	ADP
ajfa-17310	251	8	the	the	DET
ajfa-17310	251	9	us	us	PROPN
ajfa-17310	251	10	nonfinancial	nonfinancial	ADJ
ajfa-17310	251	11	corporate	corporate	ADJ
ajfa-17310	251	12	business	business	NOUN
ajfa-17310	251	13	sector	sector	NOUN
ajfa-17310	251	14	1946	1946	NUM
ajfa-17310	251	15	-	-	SYM
ajfa-17310	251	16	1990	1990	NUM
ajfa-17310	251	17	:	:	PUNCT
ajfa-17310	251	18	an	an	DET
ajfa-17310	251	19	application	application	NOUN
ajfa-17310	251	20	of	of	ADP
ajfa-17310	251	21	the	the	DET
ajfa-17310	251	22	shareholder	shareholder	NOUN
ajfa-17310	251	23	value	value	NOUN
ajfa-17310	251	24	creation	creation	NOUN
ajfa-17310	251	25	concept	concept	NOUN
ajfa-17310	251	26	.	.	PUNCT
ajfa-17310	252	1	european	european	ADJ
ajfa-17310	252	2	accounting	accounting	PROPN
ajfa-17310	252	3	review	review	PROPN
ajfa-17310	252	4	,	,	PUNCT
ajfa-17310	252	5	5(4	5(4	NUM
ajfa-17310	252	6	)	)	PUNCT
ajfa-17310	252	7	,	,	PUNCT
ajfa-17310	252	8	715	715	X
ajfa-17310	252	9	-	-	SYM
ajfa-17310	252	10	741	741	NUM
ajfa-17310	252	11	.	.	PUNCT
ajfa-17310	253	1	https://doi.org/10.1080/09638189600000044	https://doi.org/10.1080/09638189600000044	PROPN
ajfa-17310	253	2	lintner	lintner	PROPN
ajfa-17310	253	3	,	,	PUNCT
ajfa-17310	253	4	j.v	j.v	PROPN
ajfa-17310	253	5	.	.	PUNCT
ajfa-17310	254	1	(	(	PUNCT
ajfa-17310	254	2	may	may	AUX
ajfa-17310	254	3	,	,	PUNCT
ajfa-17310	254	4	1956	1956	NUM
ajfa-17310	254	5	)	)	PUNCT
ajfa-17310	254	6	.	.	PUNCT
ajfa-17310	255	1	distribution	distribution	NOUN
ajfa-17310	255	2	of	of	ADP
ajfa-17310	255	3	incomes	income	NOUN
ajfa-17310	255	4	of	of	ADP
ajfa-17310	255	5	corporations	corporation	NOUN
ajfa-17310	255	6	among	among	ADP
ajfa-17310	255	7	dividends	dividend	NOUN
ajfa-17310	255	8	,	,	PUNCT
ajfa-17310	255	9	retained	retain	VERB
ajfa-17310	255	10	earnings	earning	NOUN
ajfa-17310	255	11	,	,	PUNCT
ajfa-17310	255	12	and	and	CCONJ
ajfa-17310	255	13	taxes	taxis	NOUN
ajfa-17310	255	14	.	.	PUNCT
ajfa-17310	256	1	american	american	ADJ
ajfa-17310	256	2	econmic	econmic	PROPN
ajfa-17310	256	3	review	review	PROPN
ajfa-17310	256	4	,	,	PUNCT
ajfa-17310	256	5	97	97	NUM
ajfa-17310	256	6	-	-	SYM
ajfa-17310	256	7	113	113	NUM
ajfa-17310	256	8	.	.	PUNCT
ajfa-17310	257	1	lipson	lipson	PROPN
ajfa-17310	257	2	,	,	PUNCT
ajfa-17310	257	3	m.	m.	NOUN
ajfa-17310	257	4	,	,	PUNCT
ajfa-17310	257	5	c.	c.	PROPN
ajfa-17310	257	6	macquieira	macquieira	PROPN
ajfa-17310	257	7	,	,	PUNCT
ajfa-17310	257	8	&	&	CCONJ
ajfa-17310	257	9	w.	w.	PROPN
ajfa-17310	257	10	megginson	megginson	PROPN
ajfa-17310	257	11	.	.	PUNCT
ajfa-17310	258	1	(	(	PUNCT
ajfa-17310	258	2	autumn	autumn	NOUN
ajfa-17310	258	3	,	,	PUNCT
ajfa-17310	258	4	1998	1998	NUM
ajfa-17310	258	5	)	)	PUNCT
ajfa-17310	258	6	.	.	PUNCT
ajfa-17310	259	1	dividend	dividend	NOUN
ajfa-17310	259	2	initiation	initiation	NOUN
ajfa-17310	259	3	and	and	CCONJ
ajfa-17310	259	4	earnings	earning	NOUN
ajfa-17310	259	5	surprises	surprise	NOUN
ajfa-17310	259	6	.	.	PUNCT
ajfa-17310	260	1	financial	financial	ADJ
ajfa-17310	260	2	management	management	NOUN
ajfa-17310	260	3	,	,	PUNCT
ajfa-17310	260	4	36	36	NUM
ajfa-17310	260	5	-	-	SYM
ajfa-17310	260	6	45	45	NUM
ajfa-17310	260	7	.	.	PUNCT
ajfa-17310	261	1	https://doi.org/10.2307/3666273	https://doi.org/10.2307/3666273	PROPN
ajfa-17310	262	1	merton	merton	PROPN
ajfa-17310	262	2	h.	h.	PROPN
ajfa-17310	262	3	miller	miller	PROPN
ajfa-17310	262	4	,	,	PUNCT
ajfa-17310	262	5	&	&	CCONJ
ajfa-17310	262	6	kevin	kevin	PROPN
ajfa-17310	262	7	rock	rock	PROPN
ajfa-17310	262	8	.	.	PUNCT
ajfa-17310	263	1	(	(	PUNCT
ajfa-17310	263	2	1985	1985	NUM
ajfa-17310	263	3	)	)	PUNCT
ajfa-17310	263	4	.	.	PUNCT
ajfa-17310	264	1	dividend	dividend	NOUN
ajfa-17310	264	2	policy	policy	NOUN
ajfa-17310	264	3	under	under	ADP
ajfa-17310	264	4	asymmetric	asymmetric	ADJ
ajfa-17310	264	5	information	information	NOUN
ajfa-17310	264	6	,	,	PUNCT
ajfa-17310	264	7	the	the	DET
ajfa-17310	264	8	journal	journal	NOUN
ajfa-17310	264	9	of	of	ADP
ajfa-17310	264	10	finance	finance	NOUN
ajfa-17310	264	11	,	,	PUNCT
ajfa-17310	264	12	xl(4	xl(4	PROPN
ajfa-17310	264	13	)	)	PUNCT
ajfa-17310	264	14	,	,	PUNCT
ajfa-17310	264	15	37	37	NUM
ajfa-17310	264	16	-	-	SYM
ajfa-17310	264	17	61	61	NUM
ajfa-17310	264	18	.	.	PUNCT
ajfa-17310	265	1	https://doi.org/10.1111/j.1540-6261.1985.tb02362.x	https://doi.org/10.1111/j.1540-6261.1985.tb02362.x	NOUN
ajfa-17310	265	2	pruitt	pruitt	PROPN
ajfa-17310	265	3	,	,	PUNCT
ajfa-17310	265	4	s.w	s.w	PROPN
ajfa-17310	265	5	.	.	PROPN
ajfa-17310	265	6	,	,	PUNCT
ajfa-17310	265	7	&	&	CCONJ
ajfa-17310	265	8	l.j	l.j	PROPN
ajfa-17310	265	9	.	.	PROPN
ajfa-17310	265	10	gitman	gitman	PROPN
ajfa-17310	265	11	.	.	PUNCT
ajfa-17310	266	1	(	(	PUNCT
ajfa-17310	266	2	august	august	PROPN
ajfa-17310	266	3	,	,	PUNCT
ajfa-17310	266	4	1991	1991	NUM
ajfa-17310	266	5	)	)	PUNCT
ajfa-17310	266	6	.	.	PUNCT
ajfa-17310	267	1	the	the	DET
ajfa-17310	267	2	interactions	interaction	NOUN
ajfa-17310	267	3	between	between	ADP
ajfa-17310	267	4	the	the	DET
ajfa-17310	267	5	investment	investment	NOUN
ajfa-17310	267	6	,	,	PUNCT
ajfa-17310	267	7	financing	financing	NOUN
ajfa-17310	267	8	,	,	PUNCT
ajfa-17310	267	9	and	and	CCONJ
ajfa-17310	267	10	dividend	dividend	NOUN
ajfa-17310	267	11	decisions	decision	NOUN
ajfa-17310	267	12	of	of	ADP
ajfa-17310	267	13	major	major	ADJ
ajfa-17310	267	14	u.s.firms	u.s.firm	NOUN
ajfa-17310	267	15	.	.	PUNCT
ajfa-17310	268	1	financial	financial	ADJ
ajfa-17310	268	2	review	review	PROPN
ajfa-17310	268	3	,	,	PUNCT
ajfa-17310	268	4	409	409	NUM
ajfa-17310	268	5	-	-	SYM
ajfa-17310	268	6	430	430	NUM
ajfa-17310	268	7	.	.	PUNCT
ajfa-17310	269	1	https://doi.org/10.1111/j.1540-6288.1991.tb00388.x	https://doi.org/10.1111/j.1540-6288.1991.tb00388.x	PROPN
ajfa-17310	269	2	asian	asian	ADJ
ajfa-17310	269	3	journal	journal	NOUN
ajfa-17310	269	4	of	of	ADP
ajfa-17310	269	5	finance	finance	PROPN
ajfa-17310	269	6	&	&	CCONJ
ajfa-17310	269	7	accounting	accounting	PROPN
ajfa-17310	269	8	issn	issn	PROPN
ajfa-17310	269	9	1946	1946	NUM
ajfa-17310	269	10	-	-	PUNCT
ajfa-17310	269	11	052x	052x	NOUN
ajfa-17310	269	12	2020	2020	NUM
ajfa-17310	269	13	,	,	PUNCT
ajfa-17310	269	14	vol	vol	NOUN
ajfa-17310	269	15	.	.	PROPN
ajfa-17310	269	16	12	12	NUM
ajfa-17310	269	17	,	,	PUNCT
ajfa-17310	269	18	no	no	INTJ
ajfa-17310	269	19	.	.	NOUN
ajfa-17310	269	20	2	2	NUM
ajfa-17310	269	21	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-17310	269	22	13	13	NUM
ajfa-17310	269	23	rayburn	rayburn	NOUN
ajfa-17310	269	24	,	,	PUNCT
ajfa-17310	269	25	j.	j.	PROPN
ajfa-17310	269	26	(	(	PUNCT
ajfa-17310	269	27	1986	1986	NUM
ajfa-17310	269	28	)	)	PUNCT
ajfa-17310	269	29	.	.	PUNCT
ajfa-17310	270	1	the	the	DET
ajfa-17310	270	2	association	association	NOUN
ajfa-17310	270	3	of	of	ADP
ajfa-17310	270	4	operating	operate	VERB
ajfa-17310	270	5	cash	cash	NOUN
ajfa-17310	270	6	flow	flow	NOUN
ajfa-17310	270	7	and	and	CCONJ
ajfa-17310	270	8	accruals	accrual	NOUN
ajfa-17310	270	9	with	with	ADP
ajfa-17310	270	10	security	security	NOUN
ajfa-17310	270	11	returns	return	NOUN
ajfa-17310	270	12	.	.	PUNCT
ajfa-17310	271	1	journal	journal	NOUN
ajfa-17310	271	2	of	of	ADP
ajfa-17310	271	3	accounting	accounting	NOUN
ajfa-17310	271	4	research	research	NOUN
ajfa-17310	271	5	,	,	PUNCT
ajfa-17310	271	6	24	24	NUM
ajfa-17310	271	7	,	,	PUNCT
ajfa-17310	271	8	112	112	NUM
ajfa-17310	271	9	-	-	SYM
ajfa-17310	271	10	133	133	NUM
ajfa-17310	271	11	.	.	PUNCT
ajfa-17310	272	1	https://doi.org/10.2307/2490732	https://doi.org/10.2307/2490732	ADJ
ajfa-17310	272	2	simons	simon	NOUN
ajfa-17310	272	3	,	,	PUNCT
ajfa-17310	272	4	k.	k.	PROPN
ajfa-17310	272	5	(	(	PUNCT
ajfa-17310	272	6	june,1994	june,1994	PROPN
ajfa-17310	272	7	)	)	PUNCT
ajfa-17310	272	8	.	.	PUNCT
ajfa-17310	273	1	the	the	DET
ajfa-17310	273	2	relationship	relationship	NOUN
ajfa-17310	273	3	between	between	ADP
ajfa-17310	273	4	dividend	dividend	NOUN
ajfa-17310	273	5	changes	change	NOUN
ajfa-17310	273	6	and	and	CCONJ
ajfa-17310	273	7	cash	cash	NOUN
ajfa-17310	273	8	flow	flow	NOUN
ajfa-17310	273	9	:	:	PUNCT
ajfa-17310	273	10	an	an	DET
ajfa-17310	273	11	empirical	empirical	ADJ
ajfa-17310	273	12	analysis	analysis	NOUN
ajfa-17310	273	13	.	.	PUNCT
ajfa-17310	274	1	journal	journal	PROPN
ajfa-17310	274	2	of	of	ADP
ajfa-17310	274	3	business	business	NOUN
ajfa-17310	274	4	finance	finance	NOUN
ajfa-17310	274	5	and	and	CCONJ
ajfa-17310	274	6	accounting	accounting	NOUN
ajfa-17310	274	7	,	,	PUNCT
ajfa-17310	274	8	577	577	NUM
ajfa-17310	274	9	-	-	SYM
ajfa-17310	274	10	587	587	NUM
ajfa-17310	274	11	.	.	PUNCT
ajfa-17310	275	1	simons	simon	NOUN
ajfa-17310	275	2	,	,	PUNCT
ajfa-17310	275	3	k.	k.	PROPN
ajfa-17310	275	4	(	(	PUNCT
ajfa-17310	275	5	june,1994	june,1994	PROPN
ajfa-17310	275	6	)	)	PUNCT
ajfa-17310	275	7	.	.	PUNCT
ajfa-17310	276	1	the	the	DET
ajfa-17310	276	2	relationship	relationship	NOUN
ajfa-17310	276	3	between	between	ADP
ajfa-17310	276	4	dividend	dividend	NOUN
ajfa-17310	276	5	changes	change	NOUN
ajfa-17310	276	6	and	and	CCONJ
ajfa-17310	276	7	cash	cash	NOUN
ajfa-17310	276	8	flow	flow	NOUN
ajfa-17310	276	9	:	:	PUNCT
ajfa-17310	276	10	an	an	DET
ajfa-17310	276	11	empirical	empirical	ADJ
ajfa-17310	276	12	analysis	analysis	NOUN
ajfa-17310	276	13	.	.	PUNCT
ajfa-17310	277	1	journal	journal	PROPN
ajfa-17310	277	2	of	of	ADP
ajfa-17310	277	3	business	business	NOUN
ajfa-17310	277	4	finance	finance	NOUN
ajfa-17310	277	5	and	and	CCONJ
ajfa-17310	277	6	accounting	accounting	NOUN
ajfa-17310	277	7	,	,	PUNCT
ajfa-17310	277	8	577	577	NUM
ajfa-17310	277	9	-	-	SYM
ajfa-17310	277	10	587	587	NUM
ajfa-17310	277	11	.	.	PUNCT
ajfa-17310	278	1	sloan	sloan	PROPN
ajfa-17310	278	2	,	,	PUNCT
ajfa-17310	278	3	r.g	r.g	PROPN
ajfa-17310	278	4	.	.	PROPN
ajfa-17310	278	5	(	(	PUNCT
ajfa-17310	278	6	july,1996	july,1996	NOUN
ajfa-17310	278	7	)	)	PUNCT
ajfa-17310	278	8	.	.	PUNCT
ajfa-17310	279	1	do	do	AUX
ajfa-17310	279	2	stock	stock	NOUN
ajfa-17310	279	3	prices	price	NOUN
ajfa-17310	279	4	fully	fully	ADV
ajfa-17310	279	5	reflect	reflect	VERB
ajfa-17310	279	6	information	information	NOUN
ajfa-17310	279	7	in	in	ADP
ajfa-17310	279	8	accruals	accrual	NOUN
ajfa-17310	279	9	and	and	CCONJ
ajfa-17310	279	10	cash	cash	NOUN
ajfa-17310	279	11	flows	flow	NOUN
ajfa-17310	279	12	about	about	ADP
ajfa-17310	279	13	future	future	ADJ
ajfa-17310	279	14	earnings	earning	NOUN
ajfa-17310	279	15	.	.	PUNCT
ajfa-17310	280	1	the	the	DET
ajfa-17310	280	2	accounting	accounting	NOUN
ajfa-17310	280	3	review	review	NOUN
ajfa-17310	280	4	,	,	PUNCT
ajfa-17310	280	5	pp.289	pp.289	PROPN
ajfa-17310	280	6	-	-	SYM
ajfa-17310	280	7	315	315	NUM
ajfa-17310	280	8	.	.	PUNCT
ajfa-17310	280	9	white	white	PROPN
ajfa-17310	280	10	,	,	PUNCT
ajfa-17310	280	11	g.	g.	PROPN
ajfa-17310	280	12	i.	i.	PROPN
ajfa-17310	280	13	,	,	PUNCT
ajfa-17310	280	14	a.	a.	PROPN
ajfa-17310	280	15	c.	c.	PROPN
ajfa-17310	280	16	sondhi	sondhi	PROPN
ajfa-17310	280	17	,	,	PUNCT
ajfa-17310	280	18	&	&	CCONJ
ajfa-17310	280	19	d.	d.	PROPN
ajfa-17310	280	20	fried	fried	PROPN
ajfa-17310	280	21	.	.	PUNCT
ajfa-17310	281	1	(	(	PUNCT
ajfa-17310	281	2	januray	januray	NOUN
ajfa-17310	281	3	/	/	SYM
ajfa-17310	281	4	march	march	PROPN
ajfa-17310	281	5	,	,	PUNCT
ajfa-17310	281	6	1998	1998	NUM
ajfa-17310	281	7	)	)	PUNCT
ajfa-17310	281	8	.	.	PUNCT
ajfa-17310	282	1	the	the	DET
ajfa-17310	282	2	analysis	analysis	NOUN
ajfa-17310	282	3	and	and	CCONJ
ajfa-17310	282	4	use	use	NOUN
ajfa-17310	282	5	of	of	ADP
ajfa-17310	282	6	financial	financial	ADJ
ajfa-17310	282	7	statements	statement	NOUN
ajfa-17310	282	8	,	,	PUNCT
ajfa-17310	282	9	second	second	ADJ
ajfa-17310	282	10	edition	edition	NOUN
ajfa-17310	282	11	,	,	PUNCT
ajfa-17310	282	12	john	john	PROPN
ajfa-17310	282	13	wiley	wiley	PROPN
ajfa-17310	282	14	&	&	CCONJ
ajfa-17310	282	15	sons	sons	PROPN
ajfa-17310	282	16	,	,	PUNCT
ajfa-17310	282	17	inc	inc	PROPN
ajfa-17310	282	18	.	.	PROPN
ajfa-17310	282	19	,	,	PUNCT
ajfa-17310	282	20	new	new	PROPN
ajfa-17310	282	21	york	york	PROPN
ajfa-17310	282	22	(	(	PUNCT
ajfa-17310	282	23	1997	1997	NUM
ajfa-17310	282	24	)	)	PUNCT
ajfa-17310	282	25	.	.	PUNCT