id	sid	tid	token	lemma	pos
ajfa-18589	1	1	microsoft	microsoft	PROPN
ajfa-18589	1	2	word	word	NOUN
ajfa-18589	1	3	18589	18589	NUM
ajfa-18589	1	4	-	-	SYM
ajfa-18589	1	5	65440	65440	NUM
ajfa-18589	1	6	-	-	PUNCT
ajfa-18589	1	7	1	1	NUM
ajfa-18589	1	8	-	-	PUNCT
ajfa-18589	1	9	sm	sm	NOUN
ajfa-18589	1	10	-	-	ADJ
ajfa-18589	1	11	new	new	ADJ
ajfa-18589	1	12	asian	asian	ADJ
ajfa-18589	1	13	journal	journal	NOUN
ajfa-18589	1	14	of	of	ADP
ajfa-18589	1	15	finance	finance	PROPN
ajfa-18589	1	16	&	&	CCONJ
ajfa-18589	1	17	accounting	accounting	PROPN
ajfa-18589	1	18	issn	issn	PROPN
ajfa-18589	1	19	1946	1946	NUM
ajfa-18589	1	20	-	-	PUNCT
ajfa-18589	1	21	052x	052x	NOUN
ajfa-18589	1	22	2021	2021	NUM
ajfa-18589	1	23	,	,	PUNCT
ajfa-18589	1	24	vol	vol	NOUN
ajfa-18589	1	25	.	.	PROPN
ajfa-18589	1	26	13	13	NUM
ajfa-18589	1	27	,	,	PUNCT
ajfa-18589	1	28	no	no	INTJ
ajfa-18589	1	29	.	.	NOUN
ajfa-18589	1	30	1	1	NUM
ajfa-18589	1	31	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-18589	1	32	35	35	NUM
ajfa-18589	1	33	a	a	DET
ajfa-18589	1	34	vector	vector	NOUN
ajfa-18589	1	35	autoregressive	autoregressive	ADJ
ajfa-18589	1	36	market	market	NOUN
ajfa-18589	1	37	model	model	NOUN
ajfa-18589	1	38	for	for	ADP
ajfa-18589	1	39	it	it	PRON
ajfa-18589	1	40	sector	sector	NOUN
ajfa-18589	1	41	stocks	stock	NOUN
ajfa-18589	1	42	in	in	ADP
ajfa-18589	1	43	india	india	PROPN
ajfa-18589	1	44	mihir	mihir	PROPN
ajfa-18589	1	45	dash	dash	NOUN
ajfa-18589	1	46	school	school	NOUN
ajfa-18589	1	47	of	of	ADP
ajfa-18589	1	48	business	business	NOUN
ajfa-18589	1	49	,	,	PUNCT
ajfa-18589	1	50	alliance	alliance	PROPN
ajfa-18589	1	51	university	university	PROPN
ajfa-18589	1	52	india	india	PROPN
ajfa-18589	1	53	rita	rita	PROPN
ajfa-18589	1	54	s.	s.	PROPN
ajfa-18589	1	55	department	department	PROPN
ajfa-18589	1	56	of	of	ADP
ajfa-18589	1	57	statistics	statistic	NOUN
ajfa-18589	1	58	,	,	PUNCT
ajfa-18589	1	59	periyar	periyar	PROPN
ajfa-18589	1	60	university	university	PROPN
ajfa-18589	1	61	india	india	PROPN
ajfa-18589	1	62	received	receive	VERB
ajfa-18589	1	63	:	:	PUNCT
ajfa-18589	1	64	march	march	PROPN
ajfa-18589	1	65	10	10	NUM
ajfa-18589	1	66	,	,	PUNCT
ajfa-18589	1	67	2021	2021	NUM
ajfa-18589	1	68	accepted	accept	VERB
ajfa-18589	1	69	:	:	PUNCT
ajfa-18589	1	70	june	june	PROPN
ajfa-18589	1	71	1	1	NUM
ajfa-18589	1	72	,	,	PUNCT
ajfa-18589	1	73	2021	2021	NUM
ajfa-18589	1	74	published	publish	VERB
ajfa-18589	1	75	:	:	PUNCT
ajfa-18589	1	76	june	june	PROPN
ajfa-18589	1	77	1	1	NUM
ajfa-18589	1	78	,	,	PUNCT
ajfa-18589	1	79	2021	2021	NUM
ajfa-18589	1	80	doi:10.5296	doi:10.5296	NOUN
ajfa-18589	1	81	/	/	SYM
ajfa-18589	1	82	ajfa.v13i1.18589	ajfa.v13i1.18589	PROPN
ajfa-18589	1	83	url	url	PROPN
ajfa-18589	1	84	:	:	PUNCT
ajfa-18589	1	85	https://doi.org/10.5296/ajfa.v13i1.18589	https://doi.org/10.5296/ajfa.v13i1.18589	VERB
ajfa-18589	1	86	abstract	abstract	ADJ
ajfa-18589	1	87	this	this	DET
ajfa-18589	1	88	study	study	NOUN
ajfa-18589	1	89	proposes	propose	VERB
ajfa-18589	1	90	a	a	DET
ajfa-18589	1	91	vector	vector	NOUN
ajfa-18589	1	92	autoregressive	autoregressive	ADJ
ajfa-18589	1	93	form	form	NOUN
ajfa-18589	1	94	for	for	ADP
ajfa-18589	1	95	the	the	DET
ajfa-18589	1	96	market	market	NOUN
ajfa-18589	1	97	model	model	NOUN
ajfa-18589	1	98	and	and	CCONJ
ajfa-18589	1	99	tests	test	VERB
ajfa-18589	1	100	its	its	PRON
ajfa-18589	1	101	significance	significance	NOUN
ajfa-18589	1	102	against	against	ADP
ajfa-18589	1	103	the	the	DET
ajfa-18589	1	104	market	market	NOUN
ajfa-18589	1	105	model	model	NOUN
ajfa-18589	1	106	for	for	ADP
ajfa-18589	1	107	information	information	NOUN
ajfa-18589	1	108	technology	technology	NOUN
ajfa-18589	1	109	(	(	PUNCT
ajfa-18589	1	110	it	it	PRON
ajfa-18589	1	111	)	)	PUNCT
ajfa-18589	1	112	sector	sector	NOUN
ajfa-18589	1	113	stocks	stock	NOUN
ajfa-18589	1	114	in	in	ADP
ajfa-18589	1	115	the	the	DET
ajfa-18589	1	116	indian	indian	ADJ
ajfa-18589	1	117	stock	stock	NOUN
ajfa-18589	1	118	market	market	NOUN
ajfa-18589	1	119	.	.	PUNCT
ajfa-18589	2	1	the	the	DET
ajfa-18589	2	2	analysis	analysis	NOUN
ajfa-18589	2	3	was	be	AUX
ajfa-18589	2	4	performed	perform	VERB
ajfa-18589	2	5	for	for	ADP
ajfa-18589	2	6	a	a	DET
ajfa-18589	2	7	sample	sample	NOUN
ajfa-18589	2	8	of	of	ADP
ajfa-18589	2	9	nineteen	nineteen	NUM
ajfa-18589	2	10	it	it	PRON
ajfa-18589	2	11	sector	sector	NOUN
ajfa-18589	2	12	stocks	stock	NOUN
ajfa-18589	2	13	listed	list	VERB
ajfa-18589	2	14	on	on	ADP
ajfa-18589	2	15	the	the	DET
ajfa-18589	2	16	national	national	PROPN
ajfa-18589	2	17	stock	stock	PROPN
ajfa-18589	2	18	exchange	exchange	PROPN
ajfa-18589	2	19	of	of	ADP
ajfa-18589	2	20	india	india	PROPN
ajfa-18589	2	21	,	,	PUNCT
ajfa-18589	2	22	of	of	ADP
ajfa-18589	2	23	which	which	PRON
ajfa-18589	2	24	nine	nine	NUM
ajfa-18589	2	25	stocks	stock	NOUN
ajfa-18589	2	26	were	be	AUX
ajfa-18589	2	27	large	large	ADJ
ajfa-18589	2	28	-	-	PUNCT
ajfa-18589	2	29	cap	cap	NOUN
ajfa-18589	2	30	,	,	PUNCT
ajfa-18589	2	31	six	six	NUM
ajfa-18589	2	32	were	be	AUX
ajfa-18589	2	33	mid	mid	ADJ
ajfa-18589	2	34	-	-	NOUN
ajfa-18589	2	35	cap	cap	NOUN
ajfa-18589	2	36	,	,	PUNCT
ajfa-18589	2	37	and	and	CCONJ
ajfa-18589	2	38	four	four	NUM
ajfa-18589	2	39	were	be	AUX
ajfa-18589	2	40	small	small	ADJ
ajfa-18589	2	41	-	-	PUNCT
ajfa-18589	2	42	cap	cap	NOUN
ajfa-18589	2	43	.	.	PUNCT
ajfa-18589	3	1	the	the	DET
ajfa-18589	3	2	study	study	NOUN
ajfa-18589	3	3	period	period	NOUN
ajfa-18589	3	4	considered	consider	VERB
ajfa-18589	3	5	was	be	AUX
ajfa-18589	3	6	jan	jan	PROPN
ajfa-18589	3	7	.	.	PROPN
ajfa-18589	3	8	1	1	NUM
ajfa-18589	3	9	,	,	PUNCT
ajfa-18589	3	10	2018	2018	NUM
ajfa-18589	3	11	–	–	PUNCT
ajfa-18589	3	12	dec	dec	PROPN
ajfa-18589	3	13	.	.	PROPN
ajfa-18589	3	14	31	31	NUM
ajfa-18589	3	15	,	,	PUNCT
ajfa-18589	3	16	2018	2018	NUM
ajfa-18589	3	17	.	.	PUNCT
ajfa-18589	4	1	the	the	DET
ajfa-18589	4	2	key	key	ADJ
ajfa-18589	4	3	contribution	contribution	NOUN
ajfa-18589	4	4	of	of	ADP
ajfa-18589	4	5	the	the	DET
ajfa-18589	4	6	study	study	NOUN
ajfa-18589	4	7	was	be	AUX
ajfa-18589	4	8	the	the	DET
ajfa-18589	4	9	finding	finding	NOUN
ajfa-18589	4	10	that	that	SCONJ
ajfa-18589	4	11	the	the	DET
ajfa-18589	4	12	vector	vector	NOUN
ajfa-18589	4	13	autoregressive	autoregressive	ADJ
ajfa-18589	4	14	model	model	NOUN
ajfa-18589	4	15	is	be	AUX
ajfa-18589	4	16	a	a	DET
ajfa-18589	4	17	better	well	ADJ
ajfa-18589	4	18	model	model	NOUN
ajfa-18589	4	19	of	of	ADP
ajfa-18589	4	20	stock	stock	NOUN
ajfa-18589	4	21	returns	return	NOUN
ajfa-18589	4	22	than	than	ADP
ajfa-18589	4	23	the	the	DET
ajfa-18589	4	24	market	market	NOUN
ajfa-18589	4	25	model	model	NOUN
ajfa-18589	4	26	for	for	ADP
ajfa-18589	4	27	it	it	PRON
ajfa-18589	4	28	sector	sector	NOUN
ajfa-18589	4	29	stocks	stock	NOUN
ajfa-18589	4	30	.	.	PUNCT
ajfa-18589	5	1	thus	thus	ADV
ajfa-18589	5	2	,	,	PUNCT
ajfa-18589	5	3	it	it	PRON
ajfa-18589	5	4	sector	sector	NOUN
ajfa-18589	5	5	stocks	stock	NOUN
ajfa-18589	5	6	seem	seem	VERB
ajfa-18589	5	7	to	to	PART
ajfa-18589	5	8	react	react	VERB
ajfa-18589	5	9	more	more	ADJ
ajfa-18589	5	10	to	to	ADP
ajfa-18589	5	11	market	market	NOUN
ajfa-18589	5	12	movements	movement	NOUN
ajfa-18589	5	13	from	from	ADP
ajfa-18589	5	14	the	the	DET
ajfa-18589	5	15	previous	previous	ADJ
ajfa-18589	5	16	day	day	NOUN
ajfa-18589	5	17	than	than	ADP
ajfa-18589	5	18	on	on	ADP
ajfa-18589	5	19	the	the	DET
ajfa-18589	5	20	day	day	NOUN
ajfa-18589	5	21	itself	itself	PRON
ajfa-18589	5	22	.	.	PUNCT
ajfa-18589	6	1	the	the	DET
ajfa-18589	6	2	implication	implication	NOUN
ajfa-18589	6	3	for	for	ADP
ajfa-18589	6	4	asset	asset	NOUN
ajfa-18589	6	5	pricing	pricing	NOUN
ajfa-18589	6	6	modelling	modelling	NOUN
ajfa-18589	6	7	is	be	AUX
ajfa-18589	6	8	that	that	SCONJ
ajfa-18589	6	9	systematic	systematic	ADJ
ajfa-18589	6	10	risk	risk	NOUN
ajfa-18589	6	11	may	may	AUX
ajfa-18589	6	12	be	be	AUX
ajfa-18589	6	13	further	far	ADV
ajfa-18589	6	14	decomposed	decompose	VERB
ajfa-18589	6	15	into	into	ADP
ajfa-18589	6	16	a	a	DET
ajfa-18589	6	17	component	component	NOUN
ajfa-18589	6	18	corresponding	correspond	VERB
ajfa-18589	6	19	to	to	ADP
ajfa-18589	6	20	sensitivity	sensitivity	NOUN
ajfa-18589	6	21	to	to	ADP
ajfa-18589	6	22	market	market	NOUN
ajfa-18589	6	23	movements	movement	NOUN
ajfa-18589	6	24	on	on	ADP
ajfa-18589	6	25	the	the	DET
ajfa-18589	6	26	day	day	NOUN
ajfa-18589	6	27	and	and	CCONJ
ajfa-18589	6	28	a	a	DET
ajfa-18589	6	29	component	component	NOUN
ajfa-18589	6	30	corresponding	correspond	VERB
ajfa-18589	6	31	to	to	ADP
ajfa-18589	6	32	sensitivity	sensitivity	NOUN
ajfa-18589	6	33	to	to	ADP
ajfa-18589	6	34	market	market	NOUN
ajfa-18589	6	35	movements	movement	NOUN
ajfa-18589	6	36	on	on	ADP
ajfa-18589	6	37	the	the	DET
ajfa-18589	6	38	previous	previous	ADJ
ajfa-18589	6	39	day	day	NOUN
ajfa-18589	6	40	.	.	PUNCT
ajfa-18589	7	1	the	the	DET
ajfa-18589	7	2	asset	asset	NOUN
ajfa-18589	7	3	pricing	pricing	NOUN
ajfa-18589	7	4	model	model	NOUN
ajfa-18589	7	5	would	would	AUX
ajfa-18589	7	6	be	be	AUX
ajfa-18589	7	7	extended	extend	VERB
ajfa-18589	7	8	to	to	PART
ajfa-18589	7	9	include	include	VERB
ajfa-18589	7	10	market	market	NOUN
ajfa-18589	7	11	risk	risk	NOUN
ajfa-18589	7	12	premia	premia	NOUN
ajfa-18589	7	13	for	for	ADP
ajfa-18589	7	14	both	both	PRON
ajfa-18589	7	15	of	of	ADP
ajfa-18589	7	16	these	these	DET
ajfa-18589	7	17	components	component	NOUN
ajfa-18589	7	18	of	of	ADP
ajfa-18589	7	19	systemic	systemic	ADJ
ajfa-18589	7	20	risk	risk	NOUN
ajfa-18589	7	21	.	.	PUNCT
ajfa-18589	8	1	keywords	keyword	NOUN
ajfa-18589	8	2	:	:	PUNCT
ajfa-18589	8	3	market	market	NOUN
ajfa-18589	8	4	model	model	NOUN
ajfa-18589	8	5	,	,	PUNCT
ajfa-18589	8	6	vector	vector	NOUN
ajfa-18589	8	7	autoregressive	autoregressive	ADJ
ajfa-18589	8	8	model	model	NOUN
ajfa-18589	8	9	,	,	PUNCT
ajfa-18589	8	10	it	it	PRON
ajfa-18589	8	11	sector	sector	NOUN
ajfa-18589	8	12	,	,	PUNCT
ajfa-18589	8	13	asset	asset	NOUN
ajfa-18589	8	14	pricing	pricing	NOUN
ajfa-18589	8	15	modelling	modelling	NOUN
ajfa-18589	8	16	,	,	PUNCT
ajfa-18589	8	17	systematic	systematic	ADJ
ajfa-18589	8	18	risk	risk	NOUN
ajfa-18589	8	19	.	.	PUNCT
ajfa-18589	9	1	asian	asian	ADJ
ajfa-18589	9	2	journal	journal	PROPN
ajfa-18589	9	3	of	of	ADP
ajfa-18589	9	4	finance	finance	PROPN
ajfa-18589	9	5	&	&	CCONJ
ajfa-18589	9	6	accounting	accounting	PROPN
ajfa-18589	9	7	issn	issn	PROPN
ajfa-18589	9	8	1946	1946	NUM
ajfa-18589	9	9	-	-	PUNCT
ajfa-18589	9	10	052x	052x	NOUN
ajfa-18589	9	11	2021	2021	NUM
ajfa-18589	9	12	,	,	PUNCT
ajfa-18589	9	13	vol	vol	NOUN
ajfa-18589	9	14	.	.	PROPN
ajfa-18589	9	15	13	13	NUM
ajfa-18589	9	16	,	,	PUNCT
ajfa-18589	9	17	no	no	INTJ
ajfa-18589	9	18	.	.	NOUN
ajfa-18589	9	19	1	1	NUM
ajfa-18589	9	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-18589	9	21	36	36	NUM
ajfa-18589	9	22	introduction	introduction	NOUN
ajfa-18589	9	23	the	the	DET
ajfa-18589	9	24	market	market	NOUN
ajfa-18589	9	25	model	model	NOUN
ajfa-18589	9	26	(	(	PUNCT
ajfa-18589	9	27	also	also	ADV
ajfa-18589	9	28	called	call	VERB
ajfa-18589	9	29	the	the	DET
ajfa-18589	9	30	single	single	ADJ
ajfa-18589	9	31	-	-	PUNCT
ajfa-18589	9	32	index	index	NOUN
ajfa-18589	9	33	model	model	NOUN
ajfa-18589	9	34	)	)	PUNCT
ajfa-18589	9	35	is	be	AUX
ajfa-18589	9	36	a	a	DET
ajfa-18589	9	37	framework	framework	NOUN
ajfa-18589	9	38	which	which	PRON
ajfa-18589	9	39	represents	represent	VERB
ajfa-18589	9	40	the	the	DET
ajfa-18589	9	41	inter	inter	NOUN
ajfa-18589	9	42	-	-	NOUN
ajfa-18589	9	43	relationship	relationship	NOUN
ajfa-18589	9	44	between	between	ADP
ajfa-18589	9	45	all	all	DET
ajfa-18589	9	46	stocks	stock	NOUN
ajfa-18589	9	47	through	through	ADP
ajfa-18589	9	48	the	the	DET
ajfa-18589	9	49	market	market	NOUN
ajfa-18589	9	50	portfolio	portfolio	NOUN
ajfa-18589	9	51	(	(	PUNCT
ajfa-18589	9	52	sharpe	sharpe	PROPN
ajfa-18589	9	53	,	,	PUNCT
ajfa-18589	9	54	1963	1963	NUM
ajfa-18589	9	55	)	)	PUNCT
ajfa-18589	9	56	.	.	PUNCT
ajfa-18589	10	1	it	it	PRON
ajfa-18589	10	2	asserts	assert	VERB
ajfa-18589	10	3	that	that	SCONJ
ajfa-18589	10	4	stock	stock	NOUN
ajfa-18589	10	5	returns	return	NOUN
ajfa-18589	10	6	are	be	AUX
ajfa-18589	10	7	linearly	linearly	ADV
ajfa-18589	10	8	related	relate	VERB
ajfa-18589	10	9	with	with	ADP
ajfa-18589	10	10	market	market	NOUN
ajfa-18589	10	11	returns	return	NOUN
ajfa-18589	10	12	,	,	PUNCT
ajfa-18589	10	13	specifically	specifically	ADV
ajfa-18589	10	14	,	,	PUNCT
ajfa-18589	10	15	𝑟	𝑟	X
ajfa-18589	10	16	=	=	SYM
ajfa-18589	10	17	𝛼	𝛼	X
ajfa-18589	10	18	+	+	X
ajfa-18589	10	19	𝛽𝑟	𝛽𝑟	NOUN
ajfa-18589	10	20	,	,	PUNCT
ajfa-18589	10	21	where	where	SCONJ
ajfa-18589	10	22	α	α	NOUN
ajfa-18589	10	23	is	be	AUX
ajfa-18589	10	24	the	the	DET
ajfa-18589	10	25	expected	expect	VERB
ajfa-18589	10	26	return	return	NOUN
ajfa-18589	10	27	of	of	ADP
ajfa-18589	10	28	the	the	DET
ajfa-18589	10	29	stock	stock	NOUN
ajfa-18589	10	30	when	when	SCONJ
ajfa-18589	10	31	market	market	NOUN
ajfa-18589	10	32	return	return	NOUN
ajfa-18589	10	33	is	be	AUX
ajfa-18589	10	34	zero	zero	NUM
ajfa-18589	10	35	,	,	PUNCT
ajfa-18589	10	36	and	and	CCONJ
ajfa-18589	10	37	β	β	X
ajfa-18589	10	38	is	be	AUX
ajfa-18589	10	39	the	the	DET
ajfa-18589	10	40	sensitivity	sensitivity	NOUN
ajfa-18589	10	41	of	of	ADP
ajfa-18589	10	42	stock	stock	NOUN
ajfa-18589	10	43	returns	return	NOUN
ajfa-18589	10	44	to	to	ADP
ajfa-18589	10	45	changes	change	NOUN
ajfa-18589	10	46	in	in	ADP
ajfa-18589	10	47	market	market	NOUN
ajfa-18589	10	48	returns	return	NOUN
ajfa-18589	10	49	.	.	PUNCT
ajfa-18589	11	1	the	the	DET
ajfa-18589	11	2	model	model	NOUN
ajfa-18589	11	3	also	also	ADV
ajfa-18589	11	4	yields	yield	VERB
ajfa-18589	11	5	a	a	DET
ajfa-18589	11	6	decomposition	decomposition	NOUN
ajfa-18589	11	7	of	of	ADP
ajfa-18589	11	8	the	the	DET
ajfa-18589	11	9	total	total	ADJ
ajfa-18589	11	10	risk	risk	NOUN
ajfa-18589	11	11	/	/	SYM
ajfa-18589	11	12	volatility	volatility	NOUN
ajfa-18589	11	13	of	of	ADP
ajfa-18589	11	14	stock	stock	NOUN
ajfa-18589	11	15	returns	return	NOUN
ajfa-18589	11	16	into	into	ADP
ajfa-18589	11	17	a	a	DET
ajfa-18589	11	18	systematic	systematic	ADJ
ajfa-18589	11	19	component	component	NOUN
ajfa-18589	11	20	(	(	PUNCT
ajfa-18589	11	21	related	relate	VERB
ajfa-18589	11	22	with	with	ADP
ajfa-18589	11	23	market	market	NOUN
ajfa-18589	11	24	risk	risk	NOUN
ajfa-18589	11	25	)	)	PUNCT
ajfa-18589	11	26	and	and	CCONJ
ajfa-18589	11	27	an	an	DET
ajfa-18589	11	28	unsystematic	unsystematic	ADJ
ajfa-18589	11	29	component	component	NOUN
ajfa-18589	11	30	(	(	PUNCT
ajfa-18589	11	31	risk	risk	NOUN
ajfa-18589	11	32	that	that	PRON
ajfa-18589	11	33	is	be	AUX
ajfa-18589	11	34	specific	specific	ADJ
ajfa-18589	11	35	to	to	ADP
ajfa-18589	11	36	the	the	DET
ajfa-18589	11	37	stock	stock	NOUN
ajfa-18589	11	38	)	)	PUNCT
ajfa-18589	11	39	.	.	PUNCT
ajfa-18589	12	1	subsequently	subsequently	ADV
ajfa-18589	12	2	,	,	PUNCT
ajfa-18589	12	3	the	the	DET
ajfa-18589	12	4	parameter	parameter	NOUN
ajfa-18589	12	5	β	β	PROPN
ajfa-18589	12	6	plays	play	VERB
ajfa-18589	12	7	a	a	DET
ajfa-18589	12	8	pivotal	pivotal	ADJ
ajfa-18589	12	9	role	role	NOUN
ajfa-18589	12	10	in	in	ADP
ajfa-18589	12	11	the	the	DET
ajfa-18589	12	12	capital	capital	NOUN
ajfa-18589	12	13	asset	asset	NOUN
ajfa-18589	12	14	pricing	pricing	NOUN
ajfa-18589	12	15	model	model	NOUN
ajfa-18589	12	16	(	(	PUNCT
ajfa-18589	12	17	capm	capm	PROPN
ajfa-18589	12	18	)	)	PUNCT
ajfa-18589	12	19	,	,	PUNCT
ajfa-18589	12	20	which	which	PRON
ajfa-18589	12	21	relates	relate	VERB
ajfa-18589	12	22	the	the	DET
ajfa-18589	12	23	expected	expect	VERB
ajfa-18589	12	24	returns	return	NOUN
ajfa-18589	12	25	of	of	ADP
ajfa-18589	12	26	the	the	DET
ajfa-18589	12	27	stock	stock	NOUN
ajfa-18589	12	28	with	with	ADP
ajfa-18589	12	29	its	its	PRON
ajfa-18589	12	30	systematic	systematic	ADJ
ajfa-18589	12	31	risk	risk	NOUN
ajfa-18589	12	32	.	.	PUNCT
ajfa-18589	13	1	the	the	DET
ajfa-18589	13	2	market	market	NOUN
ajfa-18589	13	3	model	model	NOUN
ajfa-18589	13	4	is	be	AUX
ajfa-18589	13	5	very	very	ADV
ajfa-18589	13	6	widely	widely	ADV
ajfa-18589	13	7	used	use	VERB
ajfa-18589	13	8	in	in	ADP
ajfa-18589	13	9	financial	financial	ADJ
ajfa-18589	13	10	research	research	NOUN
ajfa-18589	13	11	,	,	PUNCT
ajfa-18589	13	12	for	for	ADP
ajfa-18589	13	13	evaluating	evaluate	VERB
ajfa-18589	13	14	and	and	CCONJ
ajfa-18589	13	15	comparing	compare	VERB
ajfa-18589	13	16	stock	stock	NOUN
ajfa-18589	13	17	/	/	SYM
ajfa-18589	13	18	portfolio	portfolio	NOUN
ajfa-18589	13	19	performance	performance	NOUN
ajfa-18589	13	20	,	,	PUNCT
ajfa-18589	13	21	for	for	ADP
ajfa-18589	13	22	estimating	estimate	VERB
ajfa-18589	13	23	systematic	systematic	ADJ
ajfa-18589	13	24	risk	risk	NOUN
ajfa-18589	13	25	and	and	CCONJ
ajfa-18589	13	26	cost	cost	NOUN
ajfa-18589	13	27	of	of	ADP
ajfa-18589	13	28	capital	capital	NOUN
ajfa-18589	13	29	in	in	ADP
ajfa-18589	13	30	capital	capital	NOUN
ajfa-18589	13	31	budgeting	budgeting	NOUN
ajfa-18589	13	32	,	,	PUNCT
ajfa-18589	13	33	for	for	ADP
ajfa-18589	13	34	computing	compute	VERB
ajfa-18589	13	35	abnormal	abnormal	ADJ
ajfa-18589	13	36	returns	return	NOUN
ajfa-18589	13	37	in	in	ADP
ajfa-18589	13	38	event	event	NOUN
ajfa-18589	13	39	studies	study	NOUN
ajfa-18589	13	40	(	(	PUNCT
ajfa-18589	13	41	e.g.	e.g.	ADV
ajfa-18589	13	42	brown	brown	ADJ
ajfa-18589	13	43	and	and	CCONJ
ajfa-18589	13	44	warner	warner	NOUN
ajfa-18589	13	45	,	,	PUNCT
ajfa-18589	13	46	1980	1980	NUM
ajfa-18589	13	47	)	)	PUNCT
ajfa-18589	13	48	,	,	PUNCT
ajfa-18589	13	49	and	and	CCONJ
ajfa-18589	13	50	for	for	ADP
ajfa-18589	13	51	testing	test	VERB
ajfa-18589	13	52	asset	asset	NOUN
ajfa-18589	13	53	pricing	pricing	NOUN
ajfa-18589	13	54	models	model	NOUN
ajfa-18589	13	55	(	(	PUNCT
ajfa-18589	13	56	fama	fama	NOUN
ajfa-18589	13	57	and	and	CCONJ
ajfa-18589	13	58	macbeth	macbeth	PROPN
ajfa-18589	13	59	,	,	PUNCT
ajfa-18589	13	60	1973	1973	NUM
ajfa-18589	13	61	;	;	PUNCT
ajfa-18589	13	62	gibbons	gibbon	NOUN
ajfa-18589	13	63	,	,	PUNCT
ajfa-18589	13	64	1988	1988	NUM
ajfa-18589	13	65	)	)	PUNCT
ajfa-18589	13	66	.	.	PUNCT
ajfa-18589	14	1	several	several	ADJ
ajfa-18589	14	2	studies	study	NOUN
ajfa-18589	14	3	have	have	AUX
ajfa-18589	14	4	identified	identify	VERB
ajfa-18589	14	5	certain	certain	ADJ
ajfa-18589	14	6	econometric	econometric	ADJ
ajfa-18589	14	7	limitations	limitation	NOUN
ajfa-18589	14	8	with	with	ADP
ajfa-18589	14	9	the	the	DET
ajfa-18589	14	10	market	market	NOUN
ajfa-18589	14	11	model	model	NOUN
ajfa-18589	14	12	,	,	PUNCT
ajfa-18589	14	13	particularly	particularly	ADV
ajfa-18589	14	14	heteroskedasticity	heteroskedasticity	NOUN
ajfa-18589	14	15	.	.	PUNCT
ajfa-18589	15	1	mcdonald	mcdonald	PROPN
ajfa-18589	15	2	and	and	CCONJ
ajfa-18589	15	3	lee	lee	PROPN
ajfa-18589	15	4	(	(	PUNCT
ajfa-18589	15	5	1988	1988	NUM
ajfa-18589	15	6	)	)	PUNCT
ajfa-18589	15	7	proposed	propose	VERB
ajfa-18589	15	8	a	a	DET
ajfa-18589	15	9	generalised	generalised	ADJ
ajfa-18589	15	10	functional	functional	ADJ
ajfa-18589	15	11	form	form	NOUN
ajfa-18589	15	12	for	for	ADP
ajfa-18589	15	13	the	the	DET
ajfa-18589	15	14	market	market	NOUN
ajfa-18589	15	15	model	model	NOUN
ajfa-18589	15	16	using	use	VERB
ajfa-18589	15	17	box	box	NOUN
ajfa-18589	15	18	-	-	PUNCT
ajfa-18589	15	19	cox	cox	NOUN
ajfa-18589	15	20	transformations	transformation	NOUN
ajfa-18589	15	21	in	in	ADP
ajfa-18589	15	22	order	order	NOUN
ajfa-18589	15	23	to	to	PART
ajfa-18589	15	24	stabilise	stabilise	VERB
ajfa-18589	15	25	variance	variance	NOUN
ajfa-18589	15	26	and	and	CCONJ
ajfa-18589	15	27	reduce	reduce	VERB
ajfa-18589	15	28	heteroskedasticity	heteroskedasticity	NOUN
ajfa-18589	15	29	.	.	PUNCT
ajfa-18589	16	1	coutts	coutts	PROPN
ajfa-18589	16	2	et	et	PROPN
ajfa-18589	16	3	al	al	PROPN
ajfa-18589	16	4	(	(	PUNCT
ajfa-18589	16	5	1997	1997	NUM
ajfa-18589	16	6	)	)	PUNCT
ajfa-18589	16	7	found	find	VERB
ajfa-18589	16	8	significant	significant	ADJ
ajfa-18589	16	9	parameter	parameter	NOUN
ajfa-18589	16	10	instability	instability	NOUN
ajfa-18589	16	11	in	in	ADP
ajfa-18589	16	12	the	the	DET
ajfa-18589	16	13	market	market	NOUN
ajfa-18589	16	14	model	model	NOUN
ajfa-18589	16	15	,	,	PUNCT
ajfa-18589	16	16	which	which	PRON
ajfa-18589	16	17	they	they	PRON
ajfa-18589	16	18	suggested	suggest	VERB
ajfa-18589	16	19	was	be	AUX
ajfa-18589	16	20	affected	affect	VERB
ajfa-18589	16	21	considerably	considerably	ADV
ajfa-18589	16	22	by	by	ADP
ajfa-18589	16	23	non	non	ADJ
ajfa-18589	16	24	-	-	ADJ
ajfa-18589	16	25	firm	firm	ADJ
ajfa-18589	16	26	-	-	PUNCT
ajfa-18589	16	27	specific	specific	ADJ
ajfa-18589	16	28	events	event	NOUN
ajfa-18589	16	29	.	.	PUNCT
ajfa-18589	17	1	mills	mill	NOUN
ajfa-18589	17	2	(	(	PUNCT
ajfa-18589	17	3	1995	1995	NUM
ajfa-18589	17	4	)	)	PUNCT
ajfa-18589	17	5	suggested	suggest	VERB
ajfa-18589	17	6	that	that	SCONJ
ajfa-18589	17	7	the	the	DET
ajfa-18589	17	8	market	market	NOUN
ajfa-18589	17	9	model	model	NOUN
ajfa-18589	17	10	should	should	AUX
ajfa-18589	17	11	be	be	AUX
ajfa-18589	17	12	estimated	estimate	VERB
ajfa-18589	17	13	only	only	ADV
ajfa-18589	17	14	after	after	ADP
ajfa-18589	17	15	examining	examine	VERB
ajfa-18589	17	16	cointegration	cointegration	NOUN
ajfa-18589	17	17	and/or	and/or	CCONJ
ajfa-18589	17	18	short	short	ADJ
ajfa-18589	17	19	-	-	PUNCT
ajfa-18589	17	20	run	run	NOUN
ajfa-18589	17	21	dynamics	dynamic	NOUN
ajfa-18589	17	22	of	of	ADP
ajfa-18589	17	23	the	the	DET
ajfa-18589	17	24	relationship	relationship	NOUN
ajfa-18589	17	25	between	between	ADP
ajfa-18589	17	26	the	the	DET
ajfa-18589	17	27	stock	stock	NOUN
ajfa-18589	17	28	price	price	NOUN
ajfa-18589	17	29	and	and	CCONJ
ajfa-18589	17	30	the	the	DET
ajfa-18589	17	31	market	market	NOUN
ajfa-18589	17	32	index	index	NOUN
ajfa-18589	17	33	.	.	PUNCT
ajfa-18589	18	1	fama	fama	PROPN
ajfa-18589	18	2	and	and	CCONJ
ajfa-18589	18	3	ross	ross	PROPN
ajfa-18589	18	4	(	(	PUNCT
ajfa-18589	18	5	1976	1976	NUM
ajfa-18589	18	6	)	)	PUNCT
ajfa-18589	18	7	proposed	propose	VERB
ajfa-18589	18	8	the	the	DET
ajfa-18589	18	9	arbitrage	arbitrage	NOUN
ajfa-18589	18	10	pricing	pricing	NOUN
ajfa-18589	18	11	theory	theory	NOUN
ajfa-18589	18	12	,	,	PUNCT
ajfa-18589	18	13	which	which	PRON
ajfa-18589	18	14	generalised	generalise	VERB
ajfa-18589	18	15	the	the	DET
ajfa-18589	18	16	capm	capm	PROPN
ajfa-18589	18	17	to	to	PART
ajfa-18589	18	18	include	include	VERB
ajfa-18589	18	19	multiple	multiple	ADJ
ajfa-18589	18	20	macro	macro	ADJ
ajfa-18589	18	21	-	-	ADJ
ajfa-18589	18	22	economic	economic	ADJ
ajfa-18589	18	23	factors	factor	NOUN
ajfa-18589	18	24	in	in	ADP
ajfa-18589	18	25	the	the	DET
ajfa-18589	18	26	market	market	NOUN
ajfa-18589	18	27	model	model	NOUN
ajfa-18589	18	28	.	.	PUNCT
ajfa-18589	19	1	french	french	ADJ
ajfa-18589	19	2	(	(	PUNCT
ajfa-18589	19	3	1996	1996	NUM
ajfa-18589	19	4	)	)	PUNCT
ajfa-18589	19	5	extended	extend	VERB
ajfa-18589	19	6	the	the	DET
ajfa-18589	19	7	capm	capm	NOUN
ajfa-18589	19	8	by	by	ADP
ajfa-18589	19	9	including	include	VERB
ajfa-18589	19	10	the	the	DET
ajfa-18589	19	11	size	size	NOUN
ajfa-18589	19	12	and	and	CCONJ
ajfa-18589	19	13	book	book	NOUN
ajfa-18589	19	14	-	-	PUNCT
ajfa-18589	19	15	to	to	ADP
ajfa-18589	19	16	-	-	PUNCT
ajfa-18589	19	17	market	market	NOUN
ajfa-18589	19	18	effects	effect	NOUN
ajfa-18589	19	19	.	.	PUNCT
ajfa-18589	20	1	carhart	carhart	NOUN
ajfa-18589	20	2	(	(	PUNCT
ajfa-18589	20	3	1997	1997	NUM
ajfa-18589	20	4	)	)	PUNCT
ajfa-18589	20	5	suggested	suggest	VERB
ajfa-18589	20	6	a	a	DET
ajfa-18589	20	7	further	further	ADJ
ajfa-18589	20	8	extension	extension	NOUN
ajfa-18589	20	9	of	of	ADP
ajfa-18589	20	10	the	the	DET
ajfa-18589	20	11	fama	fama	NOUN
ajfa-18589	20	12	-	-	PUNCT
ajfa-18589	20	13	french	french	ADJ
ajfa-18589	20	14	three	three	NUM
ajfa-18589	20	15	-	-	PUNCT
ajfa-18589	20	16	factor	factor	NOUN
ajfa-18589	20	17	model	model	NOUN
ajfa-18589	20	18	including	include	VERB
ajfa-18589	20	19	the	the	DET
ajfa-18589	20	20	momentum	momentum	NOUN
ajfa-18589	20	21	factor	factor	NOUN
ajfa-18589	20	22	.	.	PUNCT
ajfa-18589	21	1	another	another	DET
ajfa-18589	21	2	direction	direction	NOUN
ajfa-18589	21	3	along	along	ADP
ajfa-18589	21	4	which	which	PRON
ajfa-18589	21	5	the	the	DET
ajfa-18589	21	6	capm	capm	PROPN
ajfa-18589	21	7	was	be	AUX
ajfa-18589	21	8	extended	extend	VERB
ajfa-18589	21	9	was	be	AUX
ajfa-18589	21	10	that	that	PRON
ajfa-18589	21	11	of	of	ADP
ajfa-18589	21	12	autocorrelation	autocorrelation	NOUN
ajfa-18589	21	13	.	.	PUNCT
ajfa-18589	22	1	jegadeesh	jegadeesh	NOUN
ajfa-18589	22	2	and	and	CCONJ
ajfa-18589	22	3	titman	titman	NOUN
ajfa-18589	22	4	(	(	PUNCT
ajfa-18589	22	5	1993	1993	NUM
ajfa-18589	22	6	)	)	PUNCT
ajfa-18589	22	7	explained	explain	VERB
ajfa-18589	22	8	medium	medium	ADJ
ajfa-18589	22	9	-	-	PUNCT
ajfa-18589	22	10	term	term	NOUN
ajfa-18589	22	11	autocorrelation	autocorrelation	NOUN
ajfa-18589	22	12	in	in	ADP
ajfa-18589	22	13	stock	stock	NOUN
ajfa-18589	22	14	returns	return	NOUN
ajfa-18589	22	15	using	use	VERB
ajfa-18589	22	16	the	the	DET
ajfa-18589	22	17	momentum	momentum	NOUN
ajfa-18589	22	18	effect	effect	NOUN
ajfa-18589	22	19	.	.	PUNCT
ajfa-18589	23	1	chan	chan	PROPN
ajfa-18589	23	2	(	(	PUNCT
ajfa-18589	23	3	1993	1993	NUM
ajfa-18589	23	4	)	)	PUNCT
ajfa-18589	23	5	suggested	suggest	VERB
ajfa-18589	23	6	that	that	SCONJ
ajfa-18589	23	7	cross	cros	NOUN
ajfa-18589	23	8	-	-	NOUN
ajfa-18589	23	9	autocorrelations	autocorrelation	NOUN
ajfa-18589	23	10	in	in	ADP
ajfa-18589	23	11	stock	stock	NOUN
ajfa-18589	23	12	returns	return	NOUN
ajfa-18589	23	13	may	may	AUX
ajfa-18589	23	14	be	be	AUX
ajfa-18589	23	15	explained	explain	VERB
ajfa-18589	23	16	through	through	ADP
ajfa-18589	23	17	nonsynchronous	nonsynchronous	ADJ
ajfa-18589	23	18	trading	trading	NOUN
ajfa-18589	23	19	and	and	CCONJ
ajfa-18589	23	20	that	that	SCONJ
ajfa-18589	23	21	,	,	PUNCT
ajfa-18589	23	22	further	far	ADV
ajfa-18589	23	23	,	,	PUNCT
ajfa-18589	23	24	cross	cross	ADJ
ajfa-18589	23	25	-	-	NOUN
ajfa-18589	23	26	autocorrelation	autocorrelation	ADJ
ajfa-18589	23	27	coefficients	coefficient	NOUN
ajfa-18589	23	28	of	of	ADP
ajfa-18589	23	29	stock	stock	NOUN
ajfa-18589	23	30	returns	return	NOUN
ajfa-18589	23	31	are	be	AUX
ajfa-18589	23	32	significantly	significantly	ADV
ajfa-18589	23	33	higher	high	ADJ
ajfa-18589	23	34	under	under	ADP
ajfa-18589	23	35	large	large	ADJ
ajfa-18589	23	36	market	market	NOUN
ajfa-18589	23	37	movements	movement	NOUN
ajfa-18589	23	38	than	than	ADP
ajfa-18589	23	39	under	under	ADP
ajfa-18589	23	40	small	small	ADJ
ajfa-18589	23	41	market	market	NOUN
ajfa-18589	23	42	movements	movement	NOUN
ajfa-18589	23	43	.	.	PUNCT
ajfa-18589	24	1	soufian	soufian	NOUN
ajfa-18589	24	2	(	(	PUNCT
ajfa-18589	24	3	2001	2001	NUM
ajfa-18589	24	4	)	)	PUNCT
ajfa-18589	24	5	suggested	suggest	VERB
ajfa-18589	24	6	that	that	SCONJ
ajfa-18589	24	7	,	,	PUNCT
ajfa-18589	24	8	before	before	ADP
ajfa-18589	24	9	analysing	analyse	VERB
ajfa-18589	24	10	factor	factor	NOUN
ajfa-18589	24	11	models	model	NOUN
ajfa-18589	24	12	,	,	PUNCT
ajfa-18589	24	13	it	it	PRON
ajfa-18589	24	14	is	be	AUX
ajfa-18589	24	15	essential	essential	ADJ
ajfa-18589	24	16	to	to	PART
ajfa-18589	24	17	identify	identify	VERB
ajfa-18589	24	18	the	the	DET
ajfa-18589	24	19	process	process	NOUN
ajfa-18589	24	20	that	that	PRON
ajfa-18589	24	21	generating	generate	VERB
ajfa-18589	24	22	the	the	DET
ajfa-18589	24	23	stock	stock	NOUN
ajfa-18589	24	24	returns	return	NOUN
ajfa-18589	24	25	and	and	CCONJ
ajfa-18589	24	26	macro	macro	ADJ
ajfa-18589	24	27	-	-	ADJ
ajfa-18589	24	28	economic	economic	ADJ
ajfa-18589	24	29	series	series	NOUN
ajfa-18589	24	30	and	and	CCONJ
ajfa-18589	24	31	that	that	SCONJ
ajfa-18589	24	32	vector	vector	NOUN
ajfa-18589	24	33	autoregressive	autoregressive	ADJ
ajfa-18589	24	34	models	model	NOUN
ajfa-18589	24	35	may	may	AUX
ajfa-18589	24	36	be	be	AUX
ajfa-18589	24	37	used	use	VERB
ajfa-18589	24	38	for	for	ADP
ajfa-18589	24	39	this	this	DET
ajfa-18589	24	40	purpose	purpose	NOUN
ajfa-18589	24	41	.	.	PUNCT
ajfa-18589	25	1	dash	dash	NOUN
ajfa-18589	25	2	(	(	PUNCT
ajfa-18589	25	3	2014	2014	NUM
ajfa-18589	25	4	,	,	PUNCT
ajfa-18589	25	5	2017	2017	NUM
ajfa-18589	25	6	)	)	PUNCT
ajfa-18589	25	7	has	have	AUX
ajfa-18589	25	8	used	use	VERB
ajfa-18589	25	9	vector	vector	NOUN
ajfa-18589	25	10	autoregressive	autoregressive	ADJ
ajfa-18589	25	11	models	model	NOUN
ajfa-18589	25	12	to	to	PART
ajfa-18589	25	13	test	test	VERB
ajfa-18589	25	14	for	for	ADP
ajfa-18589	25	15	granger	granger	PROPN
ajfa-18589	25	16	causality	causality	NOUN
ajfa-18589	25	17	between	between	ADP
ajfa-18589	25	18	stock	stock	NOUN
ajfa-18589	25	19	returns	return	NOUN
ajfa-18589	25	20	and	and	CCONJ
ajfa-18589	25	21	market	market	NOUN
ajfa-18589	25	22	returns	return	NOUN
ajfa-18589	25	23	.	.	PUNCT
ajfa-18589	26	1	the	the	DET
ajfa-18589	26	2	present	present	ADJ
ajfa-18589	26	3	study	study	NOUN
ajfa-18589	26	4	proposes	propose	VERB
ajfa-18589	26	5	a	a	DET
ajfa-18589	26	6	vector	vector	NOUN
ajfa-18589	26	7	autoregressive	autoregressive	ADJ
ajfa-18589	26	8	form	form	NOUN
ajfa-18589	26	9	for	for	ADP
ajfa-18589	26	10	the	the	DET
ajfa-18589	26	11	market	market	NOUN
ajfa-18589	26	12	model	model	NOUN
ajfa-18589	26	13	and	and	CCONJ
ajfa-18589	26	14	tests	test	VERB
ajfa-18589	26	15	its	its	PRON
ajfa-18589	26	16	significance	significance	NOUN
ajfa-18589	26	17	against	against	ADP
ajfa-18589	26	18	the	the	DET
ajfa-18589	26	19	market	market	NOUN
ajfa-18589	26	20	model	model	NOUN
ajfa-18589	26	21	for	for	ADP
ajfa-18589	26	22	information	information	NOUN
ajfa-18589	26	23	technology	technology	NOUN
ajfa-18589	26	24	(	(	PUNCT
ajfa-18589	26	25	it	it	PRON
ajfa-18589	26	26	)	)	PUNCT
ajfa-18589	26	27	sector	sector	NOUN
ajfa-18589	26	28	stocks	stock	NOUN
ajfa-18589	26	29	in	in	ADP
ajfa-18589	26	30	the	the	DET
ajfa-18589	26	31	indian	indian	ADJ
ajfa-18589	26	32	stock	stock	NOUN
ajfa-18589	26	33	market	market	NOUN
ajfa-18589	26	34	.	.	PUNCT
ajfa-18589	27	1	asian	asian	ADJ
ajfa-18589	27	2	journal	journal	PROPN
ajfa-18589	27	3	of	of	ADP
ajfa-18589	27	4	finance	finance	PROPN
ajfa-18589	27	5	&	&	CCONJ
ajfa-18589	27	6	accounting	accounting	PROPN
ajfa-18589	27	7	issn	issn	PROPN
ajfa-18589	27	8	1946	1946	NUM
ajfa-18589	27	9	-	-	PUNCT
ajfa-18589	27	10	052x	052x	NOUN
ajfa-18589	27	11	2021	2021	NUM
ajfa-18589	27	12	,	,	PUNCT
ajfa-18589	27	13	vol	vol	NOUN
ajfa-18589	27	14	.	.	PROPN
ajfa-18589	27	15	13	13	NUM
ajfa-18589	27	16	,	,	PUNCT
ajfa-18589	27	17	no	no	INTJ
ajfa-18589	27	18	.	.	NOUN
ajfa-18589	27	19	1	1	NUM
ajfa-18589	27	20	ajfa.macrothink.org/	ajfa.macrothink.org/	PROPN
ajfa-18589	27	21	37	37	NUM
ajfa-18589	27	22	data	datum	NOUN
ajfa-18589	27	23	&	&	CCONJ
ajfa-18589	27	24	methodology	methodology	PROPN
ajfa-18589	27	25	the	the	DET
ajfa-18589	27	26	objective	objective	NOUN
ajfa-18589	27	27	of	of	ADP
ajfa-18589	27	28	the	the	DET
ajfa-18589	27	29	study	study	NOUN
ajfa-18589	27	30	is	be	AUX
ajfa-18589	27	31	to	to	PART
ajfa-18589	27	32	examine	examine	VERB
ajfa-18589	27	33	vector	vector	NOUN
ajfa-18589	27	34	autoregressive	autoregressive	ADJ
ajfa-18589	27	35	extensions	extension	NOUN
ajfa-18589	27	36	of	of	ADP
ajfa-18589	27	37	the	the	DET
ajfa-18589	27	38	market	market	NOUN
ajfa-18589	27	39	model	model	NOUN
ajfa-18589	27	40	for	for	ADP
ajfa-18589	27	41	it	it	PRON
ajfa-18589	27	42	sector	sector	NOUN
ajfa-18589	27	43	stocks	stock	NOUN
ajfa-18589	27	44	in	in	ADP
ajfa-18589	27	45	the	the	DET
ajfa-18589	27	46	indian	indian	ADJ
ajfa-18589	27	47	stock	stock	NOUN
ajfa-18589	27	48	market	market	NOUN
ajfa-18589	27	49	.	.	PUNCT
ajfa-18589	28	1	the	the	DET
ajfa-18589	28	2	sample	sample	NOUN
ajfa-18589	28	3	stocks	stock	NOUN
ajfa-18589	28	4	considered	consider	VERB
ajfa-18589	28	5	for	for	ADP
ajfa-18589	28	6	the	the	DET
ajfa-18589	28	7	study	study	NOUN
ajfa-18589	28	8	are	be	AUX
ajfa-18589	28	9	listed	list	VERB
ajfa-18589	28	10	in	in	ADP
ajfa-18589	28	11	table	table	NOUN
ajfa-18589	28	12	1	1	NUM
ajfa-18589	28	13	below	below	ADV
ajfa-18589	28	14	.	.	PUNCT
ajfa-18589	29	1	the	the	DET
ajfa-18589	29	2	study	study	NOUN
ajfa-18589	29	3	period	period	NOUN
ajfa-18589	29	4	considered	consider	VERB
ajfa-18589	29	5	was	be	AUX
ajfa-18589	29	6	jan	jan	PROPN
ajfa-18589	29	7	.	.	PROPN
ajfa-18589	29	8	1	1	NUM
ajfa-18589	29	9	,	,	PUNCT
ajfa-18589	29	10	2018	2018	NUM
ajfa-18589	29	11	–	–	PUNCT
ajfa-18589	29	12	dec	dec	PROPN
ajfa-18589	29	13	.	.	PROPN
ajfa-18589	29	14	31	31	NUM
ajfa-18589	29	15	,	,	PUNCT
ajfa-18589	29	16	2018	2018	NUM
ajfa-18589	29	17	.	.	PUNCT
ajfa-18589	30	1	the	the	DET
ajfa-18589	30	2	data	datum	NOUN
ajfa-18589	30	3	was	be	AUX
ajfa-18589	30	4	collected	collect	VERB
ajfa-18589	30	5	from	from	ADP
ajfa-18589	30	6	the	the	DET
ajfa-18589	30	7	national	national	PROPN
ajfa-18589	30	8	stock	stock	PROPN
ajfa-18589	30	9	exchange	exchange	PROPN
ajfa-18589	30	10	of	of	ADP
ajfa-18589	30	11	india	india	PROPN
ajfa-18589	30	12	(	(	PUNCT
ajfa-18589	30	13	www.nseindia.com	www.nseindia.com	PROPN
ajfa-18589	30	14	)	)	PUNCT
ajfa-18589	30	15	.	.	PUNCT
ajfa-18589	31	1	the	the	DET
ajfa-18589	31	2	nse	nse	NOUN
ajfa-18589	31	3	index	index	NOUN
ajfa-18589	31	4	nifty	nifty	ADJ
ajfa-18589	31	5	50	50	NUM
ajfa-18589	31	6	was	be	AUX
ajfa-18589	31	7	considered	consider	VERB
ajfa-18589	31	8	as	as	ADP
ajfa-18589	31	9	a	a	DET
ajfa-18589	31	10	proxy	proxy	NOUN
ajfa-18589	31	11	for	for	ADP
ajfa-18589	31	12	the	the	DET
ajfa-18589	31	13	market	market	NOUN
ajfa-18589	31	14	portfolio	portfolio	NOUN
ajfa-18589	31	15	.	.	PUNCT
ajfa-18589	32	1	the	the	DET
ajfa-18589	32	2	risk	risk	NOUN
ajfa-18589	32	3	-	-	PUNCT
ajfa-18589	32	4	free	free	ADJ
ajfa-18589	32	5	rate	rate	NOUN
ajfa-18589	32	6	was	be	AUX
ajfa-18589	32	7	taken	take	VERB
ajfa-18589	32	8	to	to	PART
ajfa-18589	32	9	be	be	AUX
ajfa-18589	32	10	6.33	6.33	NUM
ajfa-18589	32	11	%	%	NOUN
ajfa-18589	32	12	p.a	p.a	PROPN
ajfa-18589	32	13	.	.	PROPN
ajfa-18589	32	14	based	base	VERB
ajfa-18589	32	15	on	on	ADP
ajfa-18589	32	16	average	average	ADJ
ajfa-18589	32	17	mibor	mibor	NOUN
ajfa-18589	32	18	for	for	ADP
ajfa-18589	32	19	the	the	DET
ajfa-18589	32	20	study	study	NOUN
ajfa-18589	32	21	period	period	NOUN
ajfa-18589	32	22	.	.	PUNCT
ajfa-18589	33	1	table	table	NOUN
ajfa-18589	33	2	1	1	NUM
ajfa-18589	33	3	.	.	PUNCT
ajfa-18589	34	1	sample	sample	NOUN
ajfa-18589	34	2	stocks	stock	NOUN
ajfa-18589	34	3	considered	consider	VERB
ajfa-18589	34	4	for	for	ADP
ajfa-18589	34	5	the	the	DET
ajfa-18589	34	6	study	study	NOUN
ajfa-18589	34	7	large	large	ADJ
ajfa-18589	34	8	-	-	PUNCT
ajfa-18589	34	9	cap	cap	NOUN
ajfa-18589	34	10	mid	mid	ADJ
ajfa-18589	34	11	-	-	ADJ
ajfa-18589	34	12	cap	cap	ADJ
ajfa-18589	34	13	tata	tata	NOUN
ajfa-18589	34	14	consultancy	consultancy	PROPN
ajfa-18589	34	15	services	service	NOUN
ajfa-18589	34	16	persistent	persistent	ADJ
ajfa-18589	34	17	systems	system	NOUN
ajfa-18589	34	18	infosys	infosys	PROPN
ajfa-18589	34	19	technologies	technologies	PROPN
ajfa-18589	34	20	firstsource	firstsource	PROPN
ajfa-18589	34	21	solutions	solution	NOUN
ajfa-18589	34	22	wipro	wipro	PROPN
ajfa-18589	34	23	technologies	technologies	PROPN
ajfa-18589	34	24	cyient	cyient	PROPN
ajfa-18589	34	25	hcl	hcl	PROPN
ajfa-18589	34	26	technologies	technologies	PROPN
ajfa-18589	34	27	hexaware	hexaware	PROPN
ajfa-18589	34	28	technologies	technologies	PROPN
ajfa-18589	34	29	tech	tech	PROPN
ajfa-18589	34	30	mahindra	mahindra	PROPN
ajfa-18589	34	31	sonata	sonata	PROPN
ajfa-18589	34	32	software	software	PROPN
ajfa-18589	34	33	larsen	larsen	PROPN
ajfa-18589	34	34	&	&	CCONJ
ajfa-18589	34	35	tourbo	tourbo	PROPN
ajfa-18589	34	36	infotech	infotech	PROPN
ajfa-18589	34	37	zenstar	zenstar	PROPN
ajfa-18589	34	38	technologies	technologies	PROPN
ajfa-18589	34	39	mindtree	mindtree	PROPN
ajfa-18589	34	40	mphasis	mphasis	ADJ
ajfa-18589	34	41	small	small	ADJ
ajfa-18589	34	42	-	-	PUNCT
ajfa-18589	34	43	cap	cap	NOUN
ajfa-18589	34	44	oracle	oracle	NOUN
ajfa-18589	34	45	financials	financial	NOUN
ajfa-18589	34	46	services	service	NOUN
ajfa-18589	34	47	software	software	PROPN
ajfa-18589	34	48	eclerx	eclerx	NOUN
ajfa-18589	34	49	services	services	PROPN
ajfa-18589	34	50	niit	niit	PROPN
ajfa-18589	34	51	technologies	technologies	PROPN
ajfa-18589	34	52	nucleus	nucleus	PROPN
ajfa-18589	34	53	software	software	NOUN
ajfa-18589	34	54	exports	export	NOUN
ajfa-18589	34	55	mastek	mastek	VERB
ajfa-18589	34	56	the	the	DET
ajfa-18589	34	57	daily	daily	ADJ
ajfa-18589	34	58	returns	return	NOUN
ajfa-18589	34	59	of	of	ADP
ajfa-18589	34	60	the	the	DET
ajfa-18589	34	61	sample	sample	NOUN
ajfa-18589	34	62	stocks	stock	NOUN
ajfa-18589	34	63	and	and	CCONJ
ajfa-18589	34	64	of	of	ADP
ajfa-18589	34	65	the	the	DET
ajfa-18589	34	66	nifty	nifty	ADJ
ajfa-18589	34	67	50	50	NUM
ajfa-18589	34	68	index	index	NOUN
ajfa-18589	34	69	were	be	AUX
ajfa-18589	34	70	computed	compute	VERB
ajfa-18589	34	71	as	as	ADP
ajfa-18589	34	72	the	the	DET
ajfa-18589	34	73	percentage	percentage	NOUN
ajfa-18589	34	74	change	change	NOUN
ajfa-18589	34	75	in	in	ADP
ajfa-18589	34	76	daily	daily	ADJ
ajfa-18589	34	77	closing	closing	NOUN
ajfa-18589	34	78	prices	price	NOUN
ajfa-18589	34	79	,	,	PUNCT
ajfa-18589	34	80	adjusting	adjust	VERB
ajfa-18589	34	81	for	for	ADP
ajfa-18589	34	82	dividends	dividend	NOUN
ajfa-18589	34	83	and	and	CCONJ
ajfa-18589	34	84	stock	stock	NOUN
ajfa-18589	34	85	splits	split	NOUN
ajfa-18589	34	86	/	/	SYM
ajfa-18589	34	87	bonus	bonus	NOUN
ajfa-18589	34	88	share	share	NOUN
ajfa-18589	34	89	issues	issue	NOUN
ajfa-18589	34	90	,	,	PUNCT
ajfa-18589	34	91	if	if	SCONJ
ajfa-18589	34	92	any	any	PRON
ajfa-18589	34	93	.	.	PUNCT
ajfa-18589	35	1	the	the	DET
ajfa-18589	35	2	kwiatkowski	kwiatkowski	PROPN
ajfa-18589	35	3	-	-	PUNCT
ajfa-18589	35	4	phillips	phillip	NOUN
ajfa-18589	35	5	-	-	PUNCT
ajfa-18589	35	6	schmidt	schmidt	ADJ
ajfa-18589	35	7	-	-	PUNCT
ajfa-18589	35	8	shin	shin	NOUN
ajfa-18589	35	9	(	(	PUNCT
ajfa-18589	35	10	kpss	kpss	PROPN
ajfa-18589	35	11	)	)	PUNCT
ajfa-18589	35	12	test	test	NOUN
ajfa-18589	35	13	was	be	AUX
ajfa-18589	35	14	used	use	VERB
ajfa-18589	35	15	to	to	PART
ajfa-18589	35	16	test	test	VERB
ajfa-18589	35	17	the	the	DET
ajfa-18589	35	18	stationarity	stationarity	NOUN
ajfa-18589	35	19	of	of	ADP
ajfa-18589	35	20	the	the	DET
ajfa-18589	35	21	series	series	NOUN
ajfa-18589	35	22	.	.	PUNCT
ajfa-18589	36	1	the	the	DET
ajfa-18589	36	2	market	market	NOUN
ajfa-18589	36	3	model	model	NOUN
ajfa-18589	36	4	was	be	AUX
ajfa-18589	36	5	estimated	estimate	VERB
ajfa-18589	36	6	for	for	ADP
ajfa-18589	36	7	each	each	PRON
ajfa-18589	36	8	of	of	ADP
ajfa-18589	36	9	the	the	DET
ajfa-18589	36	10	sample	sample	NOUN
ajfa-18589	36	11	stocks	stock	NOUN
ajfa-18589	36	12	using	use	VERB
ajfa-18589	36	13	the	the	DET
ajfa-18589	36	14	regression	regression	NOUN
ajfa-18589	36	15	model	model	NOUN
ajfa-18589	36	16	:	:	PUNCT
ajfa-18589	36	17	𝑟	𝑟	X
ajfa-18589	36	18	=	=	SYM
ajfa-18589	36	19	𝛼	𝛼	X
ajfa-18589	36	20	+	+	CCONJ
ajfa-18589	36	21	𝛽𝑟	𝛽𝑟	NOUN
ajfa-18589	36	22	,	,	PUNCT
ajfa-18589	36	23	+	+	CCONJ
ajfa-18589	36	24	𝜀	𝜀	NOUN
ajfa-18589	36	25	as	as	ADP
ajfa-18589	36	26	an	an	DET
ajfa-18589	36	27	alternative	alternative	NOUN
ajfa-18589	36	28	,	,	PUNCT
ajfa-18589	36	29	the	the	DET
ajfa-18589	36	30	study	study	NOUN
ajfa-18589	36	31	proposes	propose	VERB
ajfa-18589	36	32	a	a	DET
ajfa-18589	36	33	vector	vector	NOUN
ajfa-18589	36	34	autoregressive	autoregressive	ADJ
ajfa-18589	36	35	market	market	NOUN
ajfa-18589	36	36	model	model	NOUN
ajfa-18589	36	37	of	of	ADP
ajfa-18589	36	38	the	the	DET
ajfa-18589	36	39	form	form	NOUN
ajfa-18589	36	40	:	:	PUNCT
ajfa-18589	36	41	𝑟	𝑟	X
ajfa-18589	36	42	=	=	SYM
ajfa-18589	36	43	𝛼	𝛼	X
ajfa-18589	36	44	+	+	NOUN
ajfa-18589	36	45	𝜑	𝜑	NOUN
ajfa-18589	36	46	𝑟	𝑟	NOUN
ajfa-18589	36	47	+	+	PUNCT
ajfa-18589	36	48	⋯	⋯	VERB
ajfa-18589	36	49	+	+	CCONJ
ajfa-18589	36	50	𝜑	𝜑	NOUN
ajfa-18589	36	51	𝑟	𝑟	NOUN
ajfa-18589	36	52	+	+	CCONJ
ajfa-18589	36	53	𝛽𝑟	𝛽𝑟	PROPN
ajfa-18589	36	54	,	,	PUNCT
ajfa-18589	36	55	+	+	CCONJ
ajfa-18589	36	56	𝛽	𝛽	NOUN
ajfa-18589	36	57	𝑟	𝑟	NOUN
ajfa-18589	36	58	,	,	PUNCT
ajfa-18589	37	1	+	+	CCONJ
ajfa-18589	37	2	⋯	⋯	X
ajfa-18589	37	3	+	+	NUM
ajfa-18589	37	4	𝛽	𝛽	NOUN
ajfa-18589	37	5	𝑟	𝑟	NOUN
ajfa-18589	37	6	,	,	PUNCT
ajfa-18589	37	7	+	+	CCONJ
ajfa-18589	37	8	𝜀	𝜀	X
ajfa-18589	37	9	where	where	SCONJ
ajfa-18589	37	10	the	the	DET
ajfa-18589	37	11	lag	lag	NOUN
ajfa-18589	37	12	structures	structure	NOUN
ajfa-18589	37	13	p	p	NOUN
ajfa-18589	37	14	and	and	CCONJ
ajfa-18589	37	15	q	q	NOUN
ajfa-18589	37	16	are	be	AUX
ajfa-18589	37	17	determined	determine	VERB
ajfa-18589	37	18	by	by	ADP
ajfa-18589	37	19	minimising	minimise	VERB
ajfa-18589	37	20	the	the	DET
ajfa-18589	37	21	akaike	akaike	ADJ
ajfa-18589	37	22	information	information	NOUN
ajfa-18589	37	23	criterion	criterion	NOUN
ajfa-18589	37	24	(	(	PUNCT
ajfa-18589	37	25	aic	aic	PROPN
ajfa-18589	37	26	)	)	PUNCT
ajfa-18589	37	27	.	.	PUNCT
ajfa-18589	38	1	the	the	DET
ajfa-18589	38	2	significance	significance	NOUN
ajfa-18589	38	3	of	of	ADP
ajfa-18589	38	4	the	the	DET
ajfa-18589	38	5	vector	vector	NOUN
ajfa-18589	38	6	autoregressive	autoregressive	ADJ
ajfa-18589	38	7	model	model	NOUN
ajfa-18589	38	8	over	over	ADP
ajfa-18589	38	9	the	the	DET
ajfa-18589	38	10	market	market	NOUN
ajfa-18589	38	11	model	model	NOUN
ajfa-18589	38	12	is	be	AUX
ajfa-18589	38	13	tested	test	VERB
ajfa-18589	38	14	using	use	VERB
ajfa-18589	38	15	the	the	DET
ajfa-18589	38	16	nested	nested	ADJ
ajfa-18589	38	17	f	f	NOUN
ajfa-18589	38	18	-	-	PUNCT
ajfa-18589	38	19	test	test	NOUN
ajfa-18589	38	20	.	.	PUNCT
ajfa-18589	39	1	asian	asian	ADJ
ajfa-18589	39	2	journal	journal	PROPN
ajfa-18589	39	3	of	of	ADP
ajfa-18589	39	4	finance	finance	PROPN
ajfa-18589	39	5	&	&	CCONJ
ajfa-18589	39	6	accounting	accounting	PROPN
ajfa-18589	39	7	issn	issn	PROPN
ajfa-18589	39	8	1946	1946	NUM
ajfa-18589	39	9	-	-	PUNCT
ajfa-18589	39	10	052x	052x	NOUN
ajfa-18589	39	11	2021	2021	NUM
ajfa-18589	39	12	,	,	PUNCT
ajfa-18589	39	13	vol	vol	NOUN
ajfa-18589	39	14	.	.	PROPN
ajfa-18589	39	15	13	13	NUM
ajfa-18589	39	16	,	,	PUNCT
ajfa-18589	39	17	no	no	INTJ
ajfa-18589	39	18	.	.	NOUN
ajfa-18589	39	19	1	1	NUM
ajfa-18589	39	20	ajfa.macrothink.org/	ajfa.macrothink.org/	VERB
ajfa-18589	39	21	38	38	NUM
ajfa-18589	39	22	analysis	analysis	NOUN
ajfa-18589	39	23	&	&	CCONJ
ajfa-18589	39	24	findings	finding	VERB
ajfa-18589	39	25	the	the	DET
ajfa-18589	39	26	descriptive	descriptive	ADJ
ajfa-18589	39	27	statistics	statistic	NOUN
ajfa-18589	39	28	of	of	ADP
ajfa-18589	39	29	the	the	DET
ajfa-18589	39	30	sample	sample	NOUN
ajfa-18589	39	31	stock	stock	NOUN
ajfa-18589	39	32	returns	return	NOUN
ajfa-18589	39	33	are	be	AUX
ajfa-18589	39	34	presented	present	VERB
ajfa-18589	39	35	in	in	ADP
ajfa-18589	39	36	tables	table	NOUN
ajfa-18589	39	37	2a	2a	NUM
ajfa-18589	39	38	,	,	PUNCT
ajfa-18589	39	39	2b	2b	NOUN
ajfa-18589	39	40	,	,	PUNCT
ajfa-18589	39	41	and	and	CCONJ
ajfa-18589	39	42	2c	2c	NOUN
ajfa-18589	39	43	below	below	ADV
ajfa-18589	39	44	.	.	PUNCT
ajfa-18589	40	1	table	table	NOUN
ajfa-18589	40	2	2a	2a	NUM
ajfa-18589	40	3	.	.	PUNCT
ajfa-18589	41	1	descriptive	descriptive	ADJ
ajfa-18589	41	2	statistics	statistic	NOUN
ajfa-18589	41	3	of	of	ADP
ajfa-18589	41	4	daily	daily	ADJ
ajfa-18589	41	5	returns	return	NOUN
ajfa-18589	41	6	–	–	PUNCT
ajfa-18589	41	7	large	large	ADJ
ajfa-18589	41	8	cap	cap	NOUN
ajfa-18589	41	9	stocks	stock	NOUN
ajfa-18589	41	10	tcs	tcs	PROPN
ajfa-18589	41	11	infosys	infosys	PROPN
ajfa-18589	41	12	tech	tech	PROPN
ajfa-18589	41	13	wipro	wipro	PROPN
ajfa-18589	41	14	tech	tech	PROPN
ajfa-18589	41	15	hcl	hcl	PROPN
ajfa-18589	41	16	tech	tech	NOUN
ajfa-18589	41	17	tech	tech	NOUN
ajfa-18589	41	18	mahindra	mahindra	PROPN
ajfa-18589	41	19	l	l	PROPN
ajfa-18589	41	20	&	&	CCONJ
ajfa-18589	41	21	t	t	PROPN
ajfa-18589	41	22	infotech	infotech	PROPN
ajfa-18589	41	23	mindtree	mindtree	PROPN
ajfa-18589	41	24	mphasis	mphasis	PROPN
ajfa-18589	41	25	oracle	oracle	PROPN
ajfa-18589	41	26	fin	fin	NOUN
ajfa-18589	41	27	serv	serv	PRON
ajfa-18589	41	28	mean	mean	VERB
ajfa-18589	41	29	0.17	0.17	NUM
ajfa-18589	41	30	%	%	NOUN
ajfa-18589	41	31	0.14	0.14	NUM
ajfa-18589	41	32	%	%	NOUN
ajfa-18589	41	33	0.07	0.07	NUM
ajfa-18589	41	34	%	%	NOUN
ajfa-18589	41	35	0.08	0.08	NUM
ajfa-18589	41	36	%	%	NOUN
ajfa-18589	41	37	0.18	0.18	NUM
ajfa-18589	41	38	%	%	NOUN
ajfa-18589	41	39	0.19	0.19	NUM
ajfa-18589	41	40	%	%	NOUN
ajfa-18589	41	41	0.20	0.20	NUM
ajfa-18589	41	42	%	%	NOUN
ajfa-18589	41	43	0.13	0.13	NUM
ajfa-18589	41	44	%	%	NOUN
ajfa-18589	41	45	-0.02	-0.02	NUM
ajfa-18589	41	46	%	%	NOUN
ajfa-18589	41	47	std	std	NOUN
ajfa-18589	41	48	dev	dev	NOUN
ajfa-18589	41	49	1.63	1.63	NUM
ajfa-18589	41	50	%	%	NOUN
ajfa-18589	41	51	1.48	1.48	NUM
ajfa-18589	41	52	%	%	NOUN
ajfa-18589	41	53	1.40	1.40	NUM
ajfa-18589	41	54	%	%	NOUN
ajfa-18589	41	55	1.77	1.77	NUM
ajfa-18589	41	56	%	%	NOUN
ajfa-18589	41	57	1.94	1.94	NUM
ajfa-18589	41	58	%	%	NOUN
ajfa-18589	41	59	2.50	2.50	NUM
ajfa-18589	41	60	%	%	NOUN
ajfa-18589	41	61	2.62	2.62	NUM
ajfa-18589	41	62	%	%	NOUN
ajfa-18589	41	63	2.33	2.33	NUM
ajfa-18589	41	64	%	%	NOUN
ajfa-18589	41	65	1.64	1.64	NUM
ajfa-18589	41	66	%	%	NOUN
ajfa-18589	42	1	sharpe	sharpe	PROPN
ajfa-18589	42	2	0.0898	0.0898	PROPN
ajfa-18589	42	3	0.0738	0.0738	NUM
ajfa-18589	42	4	0.0302	0.0302	NUM
ajfa-18589	42	5	0.0317	0.0317	NUM
ajfa-18589	42	6	0.0795	0.0795	NUM
ajfa-18589	42	7	0.0669	0.0669	NUM
ajfa-18589	42	8	0.0673	0.0673	NUM
ajfa-18589	42	9	0.0465	0.0465	NUM
ajfa-18589	42	10	-0.0288	-0.0288	NOUN
ajfa-18589	42	11	skewness	skewness	PROPN
ajfa-18589	42	12	0.2911	0.2911	NUM
ajfa-18589	42	13	-0.1829	-0.1829	NOUN
ajfa-18589	43	1	-0.0830	-0.0830	PROPN
ajfa-18589	43	2	-0.7078	-0.7078	VERB
ajfa-18589	43	3	0.0314	0.0314	NUM
ajfa-18589	43	4	0.6378	0.6378	NUM
ajfa-18589	43	5	-0.8777	-0.8777	NOUN
ajfa-18589	44	1	0.3736	0.3736	NUM
ajfa-18589	44	2	0.1638	0.1638	NUM
ajfa-18589	44	3	max	max	NOUN
ajfa-18589	44	4	.	.	PROPN
ajfa-18589	45	1	6.41	6.41	NUM
ajfa-18589	45	2	%	%	NOUN
ajfa-18589	45	3	4.21	4.21	NUM
ajfa-18589	45	4	%	%	NOUN
ajfa-18589	45	5	5.24	5.24	NUM
ajfa-18589	45	6	%	%	NOUN
ajfa-18589	45	7	4.93	4.93	NUM
ajfa-18589	45	8	%	%	NOUN
ajfa-18589	45	9	8.23	8.23	NUM
ajfa-18589	45	10	%	%	NOUN
ajfa-18589	45	11	11.32	11.32	NUM
ajfa-18589	45	12	%	%	NOUN
ajfa-18589	45	13	9.18	9.18	NUM
ajfa-18589	45	14	%	%	NOUN
ajfa-18589	45	15	9.12	9.12	NUM
ajfa-18589	45	16	%	%	NOUN
ajfa-18589	45	17	5.42	5.42	NUM
ajfa-18589	45	18	%	%	NOUN
ajfa-18589	45	19	min	min	NOUN
ajfa-18589	45	20	.	.	PROPN
ajfa-18589	45	21	-5.57	-5.57	PROPN
ajfa-18589	45	22	%	%	NOUN
ajfa-18589	45	23	-4.66	-4.66	NUM
ajfa-18589	45	24	%	%	NOUN
ajfa-18589	45	25	-4.15	-4.15	NOUN
ajfa-18589	45	26	%	%	NOUN
ajfa-18589	45	27	-7.77	-7.77	NUM
ajfa-18589	45	28	%	%	NOUN
ajfa-18589	45	29	-7.26	-7.26	ADJ
ajfa-18589	45	30	%	%	NOUN
ajfa-18589	45	31	-7.68	-7.68	NUM
ajfa-18589	45	32	%	%	NOUN
ajfa-18589	45	33	-18.36	-18.36	NOUN
ajfa-18589	45	34	%	%	NOUN
ajfa-18589	45	35	-6.17	-6.17	ADJ
ajfa-18589	45	36	%	%	NOUN
ajfa-18589	45	37	-5.25	-5.25	NUM
ajfa-18589	45	38	%	%	NOUN
ajfa-18589	45	39	table	table	NOUN
ajfa-18589	45	40	2b	2b	NOUN
ajfa-18589	45	41	.	.	PUNCT
ajfa-18589	46	1	descriptive	descriptive	ADJ
ajfa-18589	46	2	statistics	statistic	NOUN
ajfa-18589	46	3	of	of	ADP
ajfa-18589	46	4	daily	daily	ADJ
ajfa-18589	46	5	returns	return	NOUN
ajfa-18589	46	6	–	–	PUNCT
ajfa-18589	46	7	mid	mid	ADJ
ajfa-18589	46	8	cap	cap	NOUN
ajfa-18589	46	9	stocks	stock	VERB
ajfa-18589	46	10	persistent	persistent	ADJ
ajfa-18589	46	11	systems	system	NOUN
ajfa-18589	46	12	firstsource	firstsource	PROPN
ajfa-18589	46	13	cyient	cyient	PROPN
ajfa-18589	46	14	hexaware	hexaware	PROPN
ajfa-18589	46	15	sonata	sonata	PROPN
ajfa-18589	46	16	software	software	PROPN
ajfa-18589	46	17	zenstar	zenstar	NOUN
ajfa-18589	46	18	tech	tech	NOUN
ajfa-18589	46	19	mean	mean	NOUN
ajfa-18589	46	20	-0.03	-0.03	NUM
ajfa-18589	46	21	%	%	NOUN
ajfa-18589	46	22	0.12	0.12	NUM
ajfa-18589	46	23	%	%	NOUN
ajfa-18589	46	24	0.02	0.02	NUM
ajfa-18589	46	25	%	%	NOUN
ajfa-18589	46	26	-0.02	-0.02	NUM
ajfa-18589	46	27	%	%	NOUN
ajfa-18589	46	28	0.13	0.13	NUM
ajfa-18589	46	29	%	%	NOUN
ajfa-18589	46	30	0.13	0.13	NUM
ajfa-18589	46	31	%	%	NOUN
ajfa-18589	46	32	std	std	NOUN
ajfa-18589	46	33	dev	dev	NOUN
ajfa-18589	46	34	2.38	2.38	NUM
ajfa-18589	46	35	%	%	NOUN
ajfa-18589	46	36	2.87	2.87	NUM
ajfa-18589	46	37	%	%	NOUN
ajfa-18589	46	38	2.21	2.21	NUM
ajfa-18589	46	39	%	%	NOUN
ajfa-18589	46	40	2.76	2.76	NUM
ajfa-18589	46	41	%	%	NOUN
ajfa-18589	46	42	3.03	3.03	NUM
ajfa-18589	46	43	%	%	NOUN
ajfa-18589	46	44	2.66	2.66	NUM
ajfa-18589	46	45	%	%	NOUN
ajfa-18589	46	46	sharpe	sharpe	PROPN
ajfa-18589	46	47	-0.0217	-0.0217	PROPN
ajfa-18589	46	48	0.0316	0.0316	NUM
ajfa-18589	46	49	-0.0008	-0.0008	NOUN
ajfa-18589	46	50	-0.0149	-0.0149	NOUN
ajfa-18589	46	51	0.0351	0.0351	NUM
ajfa-18589	46	52	0.0394	0.0394	NUM
ajfa-18589	46	53	skewness	skewness	NOUN
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ajfa-18589	47	2	0.5866	0.5866	NUM
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ajfa-18589	47	5	0.5791	0.5791	NUM
ajfa-18589	47	6	max	max	PROPN
ajfa-18589	47	7	.	.	PROPN
ajfa-18589	48	1	6.36	6.36	NUM
ajfa-18589	48	2	%	%	NOUN
ajfa-18589	48	3	11.42	11.42	NUM
ajfa-18589	48	4	%	%	NOUN
ajfa-18589	48	5	11.67	11.67	NUM
ajfa-18589	48	6	%	%	NOUN
ajfa-18589	48	7	12.89	12.89	NUM
ajfa-18589	48	8	%	%	NOUN
ajfa-18589	48	9	14.57	14.57	NUM
ajfa-18589	48	10	%	%	NOUN
ajfa-18589	48	11	12.74	12.74	NUM
ajfa-18589	48	12	%	%	NOUN
ajfa-18589	48	13	min	min	NOUN
ajfa-18589	48	14	.	.	PUNCT
ajfa-18589	49	1	-16.64	-16.64	NOUN
ajfa-18589	49	2	%	%	NOUN
ajfa-18589	49	3	-7.98	-7.98	NUM
ajfa-18589	49	4	%	%	NOUN
ajfa-18589	49	5	-6.70	-6.70	NUM
ajfa-18589	49	6	%	%	NOUN
ajfa-18589	49	7	-15.65	-15.65	INTJ
ajfa-18589	49	8	%	%	NOUN
ajfa-18589	49	9	-10.90	-10.90	NOUN
ajfa-18589	49	10	%	%	NOUN
ajfa-18589	49	11	-8.99	-8.99	NUM
ajfa-18589	49	12	%	%	NOUN
ajfa-18589	49	13	table	table	NOUN
ajfa-18589	49	14	2c	2c	NOUN
ajfa-18589	49	15	.	.	PUNCT
ajfa-18589	50	1	descriptive	descriptive	ADJ
ajfa-18589	50	2	statistics	statistic	NOUN
ajfa-18589	50	3	of	of	ADP
ajfa-18589	50	4	daily	daily	ADJ
ajfa-18589	50	5	returns	return	NOUN
ajfa-18589	50	6	–	–	PUNCT
ajfa-18589	50	7	small	small	ADJ
ajfa-18589	50	8	cap	cap	NOUN
ajfa-18589	50	9	stocks	stock	NOUN
ajfa-18589	50	10	eclerx	eclerx	X
ajfa-18589	50	11	niit	niit	PROPN
ajfa-18589	50	12	tech	tech	PROPN
ajfa-18589	50	13	nucleus	nucleus	PROPN
ajfa-18589	50	14	s	s	PROPN
ajfa-18589	50	15	/	/	SYM
ajfa-18589	50	16	w	w	PROPN
ajfa-18589	50	17	exp	exp	NOUN
ajfa-18589	50	18	mastek	mastek	ADJ
ajfa-18589	50	19	mean	mean	NOUN
ajfa-18589	50	20	-0.10	-0.10	NUM
ajfa-18589	50	21	%	%	NOUN
ajfa-18589	50	22	0.23	0.23	NUM
ajfa-18589	50	23	%	%	NOUN
ajfa-18589	50	24	-0.14	-0.14	NOUN
ajfa-18589	50	25	%	%	NOUN
ajfa-18589	50	26	0.07	0.07	NUM
ajfa-18589	50	27	%	%	NOUN
ajfa-18589	50	28	std	std	NOUN
ajfa-18589	50	29	dev	dev	NOUN
ajfa-18589	50	30	1.87	1.87	NUM
ajfa-18589	50	31	%	%	NOUN
ajfa-18589	50	32	2.80	2.80	NUM
ajfa-18589	50	33	%	%	NOUN
ajfa-18589	50	34	2.61	2.61	NUM
ajfa-18589	50	35	%	%	NOUN
ajfa-18589	50	36	3.00	3.00	NUM
ajfa-18589	50	37	%	%	NOUN
ajfa-18589	50	38	sharpe	sharpe	PROPN
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ajfa-18589	50	41	-0.0629	-0.0629	PUNCT
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ajfa-18589	50	49	.	.	PROPN
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ajfa-18589	51	2	%	%	NOUN
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ajfa-18589	51	4	%	%	NOUN
ajfa-18589	51	5	13.12	13.12	NUM
ajfa-18589	51	6	%	%	NOUN
ajfa-18589	51	7	15.18	15.18	NUM
ajfa-18589	51	8	%	%	NOUN
ajfa-18589	51	9	min	min	PROPN
ajfa-18589	51	10	.	.	PROPN
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ajfa-18589	51	12	%	%	NOUN
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ajfa-18589	51	14	%	%	NOUN
ajfa-18589	51	15	-6.87	-6.87	PRON
ajfa-18589	51	16	%	%	NOUN
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ajfa-18589	51	18	%	%	NOUN
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ajfa-18589	51	20	performance	performance	NOUN
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ajfa-18589	51	22	the	the	DET
ajfa-18589	51	23	sample	sample	NOUN
ajfa-18589	51	24	it	it	PRON
ajfa-18589	51	25	sector	sector	NOUN
ajfa-18589	51	26	stocks	stock	NOUN
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ajfa-18589	51	28	considerably	considerably	ADV
ajfa-18589	51	29	,	,	PUNCT
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ajfa-18589	51	32	daily	daily	ADJ
ajfa-18589	51	33	returns	return	NOUN
ajfa-18589	51	34	ranging	range	VERB
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ajfa-18589	51	36	-0.14	-0.14	NUM
ajfa-18589	51	37	%	%	NOUN
ajfa-18589	51	38	and	and	CCONJ
ajfa-18589	51	39	0.23	0.23	NUM
ajfa-18589	51	40	%	%	NOUN
ajfa-18589	51	41	,	,	PUNCT
ajfa-18589	51	42	and	and	CCONJ
ajfa-18589	51	43	the	the	DET
ajfa-18589	51	44	volatility	volatility	NOUN
ajfa-18589	51	45	of	of	ADP
ajfa-18589	51	46	daily	daily	ADJ
ajfa-18589	51	47	returns	return	NOUN
ajfa-18589	51	48	ranging	range	VERB
ajfa-18589	51	49	between	between	ADP
ajfa-18589	51	50	1.40	1.40	NUM
ajfa-18589	51	51	%	%	NOUN
ajfa-18589	51	52	and	and	CCONJ
ajfa-18589	51	53	3.03	3.03	NUM
ajfa-18589	51	54	%	%	NOUN
ajfa-18589	51	55	.	.	PUNCT
ajfa-18589	52	1	in	in	ADP
ajfa-18589	52	2	terms	term	NOUN
ajfa-18589	52	3	of	of	ADP
ajfa-18589	52	4	risk	risk	NOUN
ajfa-18589	52	5	-	-	PUNCT
ajfa-18589	52	6	adjusted	adjust	VERB
ajfa-18589	52	7	excess	excess	ADJ
ajfa-18589	52	8	returns	return	NOUN
ajfa-18589	52	9	(	(	PUNCT
ajfa-18589	52	10	i.e.	i.e.	X
ajfa-18589	52	11	sharpe	sharpe	NOUN
ajfa-18589	52	12	ratio	ratio	PROPN
ajfa-18589	52	13	)	)	PUNCT
ajfa-18589	52	14	,	,	PUNCT
ajfa-18589	52	15	several	several	ADJ
ajfa-18589	52	16	stocks	stock	NOUN
ajfa-18589	52	17	outperformed	outperform	VERB
ajfa-18589	52	18	the	the	DET
ajfa-18589	52	19	nifty	nifty	ADJ
ajfa-18589	52	20	50	50	NUM
ajfa-18589	52	21	index	index	NOUN
ajfa-18589	52	22	,	,	PUNCT
ajfa-18589	52	23	which	which	PRON
ajfa-18589	52	24	had	have	VERB
ajfa-18589	52	25	a	a	DET
ajfa-18589	52	26	sharpe	sharpe	NOUN
ajfa-18589	52	27	ratio	ratio	NOUN
ajfa-18589	52	28	of	of	ADP
ajfa-18589	52	29	0.0626	0.0626	NUM
ajfa-18589	52	30	,	,	PUNCT
ajfa-18589	52	31	particularly	particularly	ADV
ajfa-18589	52	32	among	among	ADP
ajfa-18589	52	33	the	the	DET
ajfa-18589	52	34	large	large	ADJ
ajfa-18589	52	35	-	-	PUNCT
ajfa-18589	52	36	cap	cap	NOUN
ajfa-18589	52	37	it	it	PRON
ajfa-18589	52	38	stocks	stock	NOUN
ajfa-18589	52	39	.	.	PUNCT
ajfa-18589	53	1	the	the	DET
ajfa-18589	53	2	best	well	ADV
ajfa-18589	53	3	-	-	PUNCT
ajfa-18589	53	4	performing	perform	VERB
ajfa-18589	53	5	stock	stock	NOUN
ajfa-18589	53	6	was	be	AUX
ajfa-18589	53	7	tcs	tcs	NOUN
ajfa-18589	53	8	,	,	PUNCT
ajfa-18589	53	9	with	with	ADP
ajfa-18589	53	10	a	a	DET
ajfa-18589	53	11	sharpe	sharpe	NOUN
ajfa-18589	53	12	ratio	ratio	NOUN
ajfa-18589	53	13	of	of	ADP
ajfa-18589	53	14	0.0898	0.0898	NUM
ajfa-18589	53	15	.	.	PUNCT
ajfa-18589	54	1	some	some	PRON
ajfa-18589	54	2	of	of	ADP
ajfa-18589	54	3	the	the	DET
ajfa-18589	54	4	sample	sample	NOUN
ajfa-18589	54	5	stock	stock	NOUN
ajfa-18589	54	6	returns	return	NOUN
ajfa-18589	54	7	were	be	AUX
ajfa-18589	54	8	considerably	considerably	ADV
ajfa-18589	54	9	negatively	negatively	ADV
ajfa-18589	54	10	skewed	skewed	ADJ
ajfa-18589	54	11	,	,	PUNCT
ajfa-18589	54	12	particularly	particularly	ADV
ajfa-18589	54	13	hcl	hcl	PROPN
ajfa-18589	54	14	technologies	technology	NOUN
ajfa-18589	54	15	,	,	PUNCT
ajfa-18589	54	16	mindtree	mindtree	NOUN
ajfa-18589	54	17	,	,	PUNCT
ajfa-18589	54	18	persistent	persistent	ADJ
ajfa-18589	54	19	systems	system	NOUN
ajfa-18589	54	20	,	,	PUNCT
ajfa-18589	54	21	and	and	CCONJ
ajfa-18589	54	22	hexaware	hexaware	NOUN
ajfa-18589	54	23	,	,	PUNCT
ajfa-18589	54	24	while	while	SCONJ
ajfa-18589	54	25	eclerx	eclerx	NOUN
ajfa-18589	54	26	was	be	AUX
ajfa-18589	54	27	considerably	considerably	ADV
ajfa-18589	54	28	asian	asian	ADJ
ajfa-18589	54	29	journal	journal	NOUN
ajfa-18589	54	30	of	of	ADP
ajfa-18589	54	31	finance	finance	PROPN
ajfa-18589	54	32	&	&	CCONJ
ajfa-18589	54	33	accounting	accounting	PROPN
ajfa-18589	54	34	issn	issn	PROPN
ajfa-18589	54	35	1946	1946	NUM
ajfa-18589	54	36	-	-	PUNCT
ajfa-18589	54	37	052x	052x	NOUN
ajfa-18589	54	38	2021	2021	NUM
ajfa-18589	54	39	,	,	PUNCT
ajfa-18589	54	40	vol	vol	NOUN
ajfa-18589	54	41	.	.	PROPN
ajfa-18589	54	42	13	13	NUM
ajfa-18589	54	43	,	,	PUNCT
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ajfa-18589	54	46	1	1	NUM
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ajfa-18589	55	20	:	:	PUNCT
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ajfa-18589	55	24	%	%	NOUN
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ajfa-18589	55	29	(	(	PUNCT
ajfa-18589	55	30	-16.64	-16.64	NOUN
ajfa-18589	55	31	%	%	NOUN
ajfa-18589	55	32	)	)	PUNCT
ajfa-18589	55	33	,	,	PUNCT
ajfa-18589	55	34	niit	niit	PROPN
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ajfa-18589	55	36	(	(	PUNCT
ajfa-18589	55	37	-12.22	-12.22	NOUN
ajfa-18589	55	38	%	%	NOUN
ajfa-18589	55	39	)	)	PUNCT
ajfa-18589	55	40	,	,	PUNCT
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ajfa-18589	55	43	+15.18	+15.18	ADV
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ajfa-18589	55	46	-10.32	-10.32	NUM
ajfa-18589	55	47	%	%	NOUN
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ajfa-18589	55	52	(	(	PUNCT
ajfa-18589	55	53	+14.57	+14.57	NOUN
ajfa-18589	55	54	%	%	NOUN
ajfa-18589	55	55	and	and	CCONJ
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ajfa-18589	55	57	%	%	NOUN
ajfa-18589	55	58	)	)	PUNCT
ajfa-18589	55	59	,	,	PUNCT
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ajfa-18589	55	62	+12.89	+12.89	ADV
ajfa-18589	55	63	%	%	NOUN
ajfa-18589	55	64	and	and	CCONJ
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ajfa-18589	55	66	%	%	NOUN
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ajfa-18589	55	68	,	,	PUNCT
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ajfa-18589	55	70	software	software	NOUN
ajfa-18589	55	71	exports	export	NOUN
ajfa-18589	55	72	(	(	PUNCT
ajfa-18589	55	73	+13.12	+13.12	ADJ
ajfa-18589	55	74	%	%	NOUN
ajfa-18589	55	75	)	)	PUNCT
ajfa-18589	55	76	,	,	PUNCT
ajfa-18589	55	77	zenstar	zenstar	NOUN
ajfa-18589	55	78	technologies	technology	NOUN
ajfa-18589	55	79	(	(	PUNCT
ajfa-18589	55	80	+12.74	+12.74	ADJ
ajfa-18589	55	81	%	%	NOUN
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ajfa-18589	55	83	,	,	PUNCT
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ajfa-18589	55	85	(	(	PUNCT
ajfa-18589	55	86	+11.67	+11.67	ADJ
ajfa-18589	55	87	%	%	NOUN
ajfa-18589	55	88	)	)	PUNCT
ajfa-18589	55	89	,	,	PUNCT
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ajfa-18589	55	91	(	(	PUNCT
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ajfa-18589	55	93	%	%	NOUN
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ajfa-18589	55	95	,	,	PUNCT
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ajfa-18589	55	97	l&t	l&t	PROPN
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ajfa-18589	55	99	(	(	PUNCT
ajfa-18589	55	100	+11.32	+11.32	PROPN
ajfa-18589	55	101	%	%	NOUN
ajfa-18589	55	102	)	)	PUNCT
ajfa-18589	55	103	.	.	PUNCT
ajfa-18589	56	1	the	the	DET
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ajfa-18589	56	4	the	the	DET
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ajfa-18589	56	12	of	of	ADP
ajfa-18589	56	13	the	the	DET
ajfa-18589	56	14	sample	sample	NOUN
ajfa-18589	56	15	stocks	stock	NOUN
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ajfa-18589	56	22	.	.	PUNCT
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ajfa-18589	57	2	3	3	NUM
ajfa-18589	57	3	.	.	PUNCT
ajfa-18589	58	1	results	result	NOUN
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ajfa-18589	58	4	kpss	kpss	PROPN
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ajfa-18589	58	14	50	50	NUM
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ajfa-18589	58	16	>	>	SYM
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ajfa-18589	58	18	tcs	tcs	NOUN
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ajfa-18589	58	20	>	>	PUNCT
ajfa-18589	58	21	0.1000	0.1000	NUM
ajfa-18589	58	22	infosys	infosy	NOUN
ajfa-18589	58	23	tech	tech	NOUN
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ajfa-18589	58	25	>	>	SYM
ajfa-18589	59	1	0.1000	0.1000	NUM
ajfa-18589	59	2	wipro	wipro	ADJ
ajfa-18589	59	3	tech	tech	NOUN
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ajfa-18589	59	5	≈	≈	NOUN
ajfa-18589	59	6	0.0630	0.0630	NUM
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ajfa-18589	60	1	≈	≈	PROPN
ajfa-18589	60	2	0.0780	0.0780	NUM
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ajfa-18589	61	1	≈	≈	PROPN
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ajfa-18589	61	6	tech	tech	NOUN
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ajfa-18589	61	8	>	>	SYM
ajfa-18589	61	9	0.1000	0.1000	NUM
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ajfa-18589	61	12	>	>	SYM
ajfa-18589	61	13	0.1000	0.1000	NUM
ajfa-18589	61	14	mindtree	mindtree	NOUN
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ajfa-18589	61	16	>	>	SYM
ajfa-18589	61	17	0.1000	0.1000	NUM
ajfa-18589	61	18	oracle	oracle	NOUN
ajfa-18589	61	19	financials	financial	NOUN
ajfa-18589	61	20	services	service	NOUN
ajfa-18589	61	21	software	software	VERB
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ajfa-18589	62	1	≈	≈	PROPN
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ajfa-18589	62	10	>	>	SYM
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ajfa-18589	62	21	software	software	NOUN
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ajfa-18589	62	23	>	>	SYM
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ajfa-18589	63	6	>	>	SYM
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ajfa-18589	64	10	≈	≈	PROPN
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ajfa-18589	66	70	%	%	NOUN
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ajfa-18589	66	73	%	%	NOUN
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ajfa-18589	66	76	&	&	CCONJ
ajfa-18589	66	77	t	t	PROPN
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ajfa-18589	66	81	0.1620	0.1620	NUM
ajfa-18589	66	82	0.26	0.26	NUM
ajfa-18589	66	83	%	%	NOUN
ajfa-18589	66	84	0.4284	0.4284	NUM
ajfa-18589	66	85	mphasis	mphasis	NOUN
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ajfa-18589	66	87	%	%	NOUN
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ajfa-18589	66	89	0.39	0.39	NUM
ajfa-18589	66	90	%	%	NOUN
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ajfa-18589	66	93	0.19	0.19	NUM
ajfa-18589	66	94	%	%	NOUN
ajfa-18589	66	95	0.3313	0.3313	NUM
ajfa-18589	66	96	0.99	0.99	NUM
ajfa-18589	66	97	%	%	NOUN
ajfa-18589	66	98	0.1212	0.1212	NUM
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ajfa-18589	66	100	financials	financial	NOUN
ajfa-18589	66	101	services	service	NOUN
ajfa-18589	66	102	software	software	NOUN
ajfa-18589	66	103	-0.02	-0.02	NUM
ajfa-18589	66	104	%	%	NOUN
ajfa-18589	66	105	0.1109	0.1109	NUM
ajfa-18589	66	106	0.28	0.28	NUM
ajfa-18589	66	107	%	%	NOUN
ajfa-18589	66	108	0.4073	0.4073	NUM
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ajfa-18589	66	110	systems	system	NOUN
ajfa-18589	66	111	-0.04	-0.04	NUM
ajfa-18589	66	112	%	%	NOUN
ajfa-18589	66	113	0.3765	0.3765	NUM
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ajfa-18589	66	115	%	%	NOUN
ajfa-18589	66	116	0.0529	0.0529	NUM
ajfa-18589	66	117	firstsource	firstsource	NOUN
ajfa-18589	66	118	0.12	0.12	NUM
ajfa-18589	66	119	%	%	NOUN
ajfa-18589	66	120	-0.0919	-0.0919	NOUN
ajfa-18589	66	121	0.06	0.06	NUM
ajfa-18589	66	122	%	%	NOUN
ajfa-18589	66	123	0.6956	0.6956	NUM
ajfa-18589	66	124	cyient	cyient	NOUN
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ajfa-18589	66	126	%	%	NOUN
ajfa-18589	66	127	-0.0995	-0.0995	NOUN
ajfa-18589	66	128	0.12	0.12	NUM
ajfa-18589	66	129	%	%	NOUN
ajfa-18589	66	130	0.5827	0.5827	NUM
ajfa-18589	66	131	hexaware	hexaware	NOUN
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ajfa-18589	66	135	0.05	0.05	NUM
ajfa-18589	66	136	%	%	NOUN
ajfa-18589	66	137	0.7292	0.7292	NUM
ajfa-18589	66	138	sonata	sonata	NOUN
ajfa-18589	66	139	software	software	NOUN
ajfa-18589	66	140	0.13	0.13	NUM
ajfa-18589	66	141	%	%	NOUN
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ajfa-18589	66	144	%	%	NOUN
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ajfa-18589	66	146	zenstar	zenstar	NOUN
ajfa-18589	66	147	tech	tech	NOUN
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ajfa-18589	66	149	%	%	NOUN
ajfa-18589	66	150	0.3525	0.3525	NUM
ajfa-18589	66	151	1.08	1.08	NUM
ajfa-18589	66	152	%	%	NOUN
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ajfa-18589	66	154	eclerx	eclerx	NOUN
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ajfa-18589	66	156	%	%	NOUN
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ajfa-18589	66	158	0.02	0.02	NUM
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ajfa-18589	66	161	niit	niit	NOUN
ajfa-18589	66	162	tech	tech	NOUN
ajfa-18589	66	163	0.24	0.24	NUM
ajfa-18589	66	164	%	%	NOUN
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ajfa-18589	66	166	0.88	0.88	NUM
ajfa-18589	66	167	%	%	NOUN
ajfa-18589	66	168	0.1428	0.1428	NUM
ajfa-18589	66	169	nucleus	nucleus	NOUN
ajfa-18589	66	170	software	software	NOUN
ajfa-18589	66	171	exports	export	NOUN
ajfa-18589	67	1	-0.14	-0.14	NOUN
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ajfa-18589	67	4	0.14	0.14	NUM
ajfa-18589	67	5	%	%	NOUN
ajfa-18589	67	6	0.5552	0.5552	NUM
ajfa-18589	67	7	mastek	mastek	NOUN
ajfa-18589	67	8	0.07	0.07	NUM
ajfa-18589	67	9	%	%	NOUN
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ajfa-18589	67	12	%	%	NOUN
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ajfa-18589	67	20	the	the	DET
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ajfa-18589	67	22	model	model	NOUN
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ajfa-18589	67	29	%	%	NOUN
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ajfa-18589	68	3	the	the	DET
ajfa-18589	68	4	beta	beta	NOUN
ajfa-18589	68	5	estimates	estimate	NOUN
ajfa-18589	68	6	were	be	AUX
ajfa-18589	68	7	found	find	VERB
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ajfa-18589	68	9	be	be	AUX
ajfa-18589	68	10	relatively	relatively	ADV
ajfa-18589	68	11	low	low	ADJ
ajfa-18589	68	12	and	and	CCONJ
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ajfa-18589	68	14	insignificant	insignificant	ADJ
ajfa-18589	68	15	.	.	PUNCT
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ajfa-18589	69	3	the	the	DET
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ajfa-18589	69	5	model	model	NOUN
ajfa-18589	69	6	was	be	AUX
ajfa-18589	69	7	not	not	PART
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ajfa-18589	69	9	in	in	ADP
ajfa-18589	69	10	explaining	explain	VERB
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ajfa-18589	69	12	returns	return	NOUN
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ajfa-18589	69	14	it	it	PRON
ajfa-18589	69	15	sector	sector	NOUN
ajfa-18589	69	16	stocks	stock	NOUN
ajfa-18589	69	17	.	.	PUNCT
ajfa-18589	70	1	the	the	DET
ajfa-18589	70	2	results	result	NOUN
ajfa-18589	70	3	of	of	ADP
ajfa-18589	70	4	the	the	DET
ajfa-18589	70	5	vector	vector	NOUN
ajfa-18589	70	6	autoregressive	autoregressive	ADJ
ajfa-18589	70	7	model	model	NOUN
ajfa-18589	70	8	regressions	regression	NOUN
ajfa-18589	70	9	are	be	AUX
ajfa-18589	70	10	summarised	summarise	VERB
ajfa-18589	70	11	in	in	ADP
ajfa-18589	70	12	table	table	NOUN
ajfa-18589	70	13	5	5	NUM
ajfa-18589	70	14	below	below	ADV
ajfa-18589	70	15	.	.	PUNCT
ajfa-18589	71	1	asian	asian	ADJ
ajfa-18589	71	2	journal	journal	PROPN
ajfa-18589	71	3	of	of	ADP
ajfa-18589	71	4	finance	finance	PROPN
ajfa-18589	71	5	&	&	CCONJ
ajfa-18589	71	6	accounting	accounting	PROPN
ajfa-18589	71	7	issn	issn	PROPN
ajfa-18589	71	8	1946	1946	NUM
ajfa-18589	71	9	-	-	PUNCT
ajfa-18589	71	10	052x	052x	NOUN
ajfa-18589	71	11	2021	2021	NUM
ajfa-18589	71	12	,	,	PUNCT
ajfa-18589	71	13	vol	vol	NOUN
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ajfa-18589	71	15	13	13	NUM
ajfa-18589	71	16	,	,	PUNCT
ajfa-18589	71	17	no	no	INTJ
ajfa-18589	71	18	.	.	NOUN
ajfa-18589	71	19	1	1	NUM
ajfa-18589	71	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-18589	71	21	41	41	NUM
ajfa-18589	71	22	table	table	NOUN
ajfa-18589	71	23	5	5	NUM
ajfa-18589	71	24	.	.	PUNCT
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ajfa-18589	71	27	vector	vector	NOUN
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ajfa-18589	71	29	model	model	NOUN
ajfa-18589	71	30	regressions	regression	NOUN
ajfa-18589	71	31	alpha	alpha	NOUN
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ajfa-18589	71	34	betam(-i	betam(-i	PROPN
ajfa-18589	71	35	)	)	PUNCT
ajfa-18589	71	36	r2	r2	PROPN
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ajfa-18589	71	47	*	*	PUNCT
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ajfa-18589	71	50	0.0034	0.0034	NUM
ajfa-18589	71	51	infosys	infosys	NOUN
ajfa-18589	71	52	tech	tech	NOUN
ajfa-18589	71	53	0.12	0.12	NUM
ajfa-18589	71	54	%	%	NOUN
ajfa-18589	71	55	-0.0400	-0.0400	NOUN
ajfa-18589	72	1	0.1664	0.1664	NUM
ajfa-18589	72	2	0.6353	0.6353	NUM
ajfa-18589	72	3	*	*	PUNCT
ajfa-18589	72	4	*	*	PUNCT
ajfa-18589	72	5	8.83	8.83	NUM
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ajfa-18589	72	7	0.0001	0.0001	NUM
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ajfa-18589	72	9	tech	tech	NOUN
ajfa-18589	72	10	0.06	0.06	NUM
ajfa-18589	72	11	%	%	NOUN
ajfa-18589	72	12	0.0414	0.0414	NUM
ajfa-18589	72	13	0.0186	0.0186	NUM
ajfa-18589	72	14	0.3111	0.3111	NUM
ajfa-18589	72	15	*	*	PUNCT
ajfa-18589	72	16	*	*	NOUN
ajfa-18589	72	17	3.24	3.24	NUM
ajfa-18589	72	18	%	%	NOUN
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ajfa-18589	72	23	%	%	NOUN
ajfa-18589	72	24	-0.0482	-0.0482	NOUN
ajfa-18589	72	25	0.0165	0.0165	NUM
ajfa-18589	72	26	0.5252	0.5252	NUM
ajfa-18589	72	27	*	*	PUNCT
ajfa-18589	72	28	*	*	PUNCT
ajfa-18589	72	29	5.62	5.62	NUM
ajfa-18589	72	30	%	%	NOUN
ajfa-18589	72	31	0.0030	0.0030	NUM
ajfa-18589	72	32	tech	tech	NOUN
ajfa-18589	72	33	mahindra	mahindra	PROPN
ajfa-18589	72	34	0.16	0.16	NUM
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ajfa-18589	72	39	*	*	PUNCT
ajfa-18589	72	40	*	*	PUNCT
ajfa-18589	72	41	6.44	6.44	NUM
ajfa-18589	72	42	%	%	NOUN
ajfa-18589	72	43	0.0002	0.0002	NUM
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ajfa-18589	72	49	%	%	NOUN
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ajfa-18589	72	52	0.9145	0.9145	NUM
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ajfa-18589	72	54	*	*	NOUN
ajfa-18589	72	55	8.47	8.47	NUM
ajfa-18589	72	56	%	%	NOUN
ajfa-18589	72	57	0.0001	0.0001	NUM
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ajfa-18589	72	59	0.12	0.12	NUM
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ajfa-18589	72	68	0.0448	0.0448	NUM
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ajfa-18589	72	70	0.17	0.17	NUM
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ajfa-18589	73	3	*	*	PUNCT
ajfa-18589	73	4	7.35	7.35	NUM
ajfa-18589	73	5	%	%	NOUN
ajfa-18589	73	6	0.0004	0.0004	NUM
ajfa-18589	73	7	oracle	oracle	NOUN
ajfa-18589	73	8	financials	financial	NOUN
ajfa-18589	73	9	services	service	NOUN
ajfa-18589	73	10	software	software	VERB
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ajfa-18589	73	12	%	%	NOUN
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ajfa-18589	73	14	*	*	PUNCT
ajfa-18589	73	15	0.0898	0.0898	NUM
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ajfa-18589	73	17	*	*	PUNCT
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ajfa-18589	73	19	7.96	7.96	NUM
ajfa-18589	73	20	%	%	NOUN
ajfa-18589	73	21	0.0002	0.0002	NUM
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ajfa-18589	73	28	*	*	PUNCT
ajfa-18589	74	1	0.6599	0.6599	NUM
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ajfa-18589	74	3	*	*	PUNCT
ajfa-18589	74	4	6.15	6.15	NUM
ajfa-18589	74	5	%	%	NOUN
ajfa-18589	74	6	0.0016	0.0016	NUM
ajfa-18589	74	7	firstsource	firstsource	NOUN
ajfa-18589	74	8	0.08	0.08	NUM
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ajfa-18589	75	4	10.47	10.47	NUM
ajfa-18589	75	5	%	%	NOUN
ajfa-18589	75	6	0.0000	0.0000	NUM
ajfa-18589	75	7	cyient	cyient	NOUN
ajfa-18589	75	8	0.01	0.01	NUM
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ajfa-18589	76	3	*	*	PUNCT
ajfa-18589	76	4	4.73	4.73	NUM
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ajfa-18589	76	6	0.0086	0.0086	NUM
ajfa-18589	76	7	hexaware	hexaware	NOUN
ajfa-18589	76	8	-0.03	-0.03	NUM
ajfa-18589	76	9	%	%	NOUN
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ajfa-18589	76	11	-0.0913	-0.0913	PROPN
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ajfa-18589	77	3	*	*	NOUN
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ajfa-18589	77	5	%	%	NOUN
ajfa-18589	77	6	0.0052	0.0052	NUM
ajfa-18589	77	7	sonata	sonata	NOUN
ajfa-18589	77	8	software	software	NOUN
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ajfa-18589	77	10	%	%	NOUN
ajfa-18589	77	11	0.1228	0.1228	NUM
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ajfa-18589	77	13	0.1521	0.1521	NUM
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ajfa-18589	77	16	*	*	NOUN
ajfa-18589	77	17	15.07	15.07	NUM
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ajfa-18589	77	19	0.0000	0.0000	NUM
ajfa-18589	77	20	zenstar	zenstar	NOUN
ajfa-18589	77	21	tech	tech	NOUN
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ajfa-18589	77	23	%	%	NOUN
ajfa-18589	77	24	0.1038	0.1038	NUM
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ajfa-18589	77	29	*	*	PUNCT
ajfa-18589	77	30	7.82	7.82	NUM
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ajfa-18589	77	32	0.0002	0.0002	NUM
ajfa-18589	77	33	eclerx	eclerx	NOUN
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ajfa-18589	77	35	%	%	NOUN
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ajfa-18589	77	40	*	*	NOUN
ajfa-18589	77	41	4.52	4.52	NUM
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ajfa-18589	77	43	0.0111	0.0111	NUM
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ajfa-18589	77	46	0.19	0.19	NUM
ajfa-18589	77	47	%	%	NOUN
ajfa-18589	77	48	0.0593	0.0593	NUM
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ajfa-18589	77	50	1.1867	1.1867	NUM
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ajfa-18589	77	52	*	*	NOUN
ajfa-18589	77	53	11.80	11.80	NUM
ajfa-18589	77	54	%	%	NOUN
ajfa-18589	77	55	0.0000	0.0000	NUM
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ajfa-18589	77	57	software	software	NOUN
ajfa-18589	77	58	exports	export	NOUN
ajfa-18589	78	1	-0.17	-0.17	ADJ
ajfa-18589	78	2	%	%	NOUN
ajfa-18589	78	3	0.0708	0.0708	NUM
ajfa-18589	78	4	0.0829	0.0829	NUM
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ajfa-18589	78	7	*	*	PUNCT
ajfa-18589	78	8	12.26	12.26	NUM
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ajfa-18589	78	10	0.0000	0.0000	NUM
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ajfa-18589	78	13	%	%	NOUN
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ajfa-18589	78	16	1.1989	1.1989	NUM
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ajfa-18589	78	18	*	*	NOUN
ajfa-18589	78	19	10.08	10.08	NUM
ajfa-18589	78	20	%	%	NOUN
ajfa-18589	78	21	0.0000	0.0000	NUM
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ajfa-18589	78	23	optimal	optimal	ADJ
ajfa-18589	78	24	lag	lag	NOUN
ajfa-18589	78	25	structure	structure	NOUN
ajfa-18589	78	26	minimising	minimise	VERB
ajfa-18589	78	27	the	the	DET
ajfa-18589	78	28	aic	aic	PROPN
ajfa-18589	78	29	was	be	AUX
ajfa-18589	78	30	found	find	VERB
ajfa-18589	78	31	to	to	PART
ajfa-18589	78	32	be	be	AUX
ajfa-18589	78	33	p	p	NOUN
ajfa-18589	78	34	=	=	NOUN
ajfa-18589	78	35	q	q	NOUN
ajfa-18589	78	36	=	=	SYM
ajfa-18589	78	37	1	1	NUM
ajfa-18589	78	38	for	for	ADP
ajfa-18589	78	39	all	all	PRON
ajfa-18589	78	40	of	of	ADP
ajfa-18589	78	41	the	the	DET
ajfa-18589	78	42	vector	vector	NOUN
ajfa-18589	78	43	autoregressive	autoregressive	ADJ
ajfa-18589	78	44	models	model	NOUN
ajfa-18589	78	45	.	.	PUNCT
ajfa-18589	79	1	it	it	PRON
ajfa-18589	79	2	was	be	AUX
ajfa-18589	79	3	found	find	VERB
ajfa-18589	79	4	that	that	SCONJ
ajfa-18589	79	5	all	all	PRON
ajfa-18589	79	6	of	of	ADP
ajfa-18589	79	7	the	the	DET
ajfa-18589	79	8	vector	vector	NOUN
ajfa-18589	79	9	autoregressive	autoregressive	ADJ
ajfa-18589	79	10	model	model	NOUN
ajfa-18589	79	11	regressions	regression	NOUN
ajfa-18589	79	12	were	be	AUX
ajfa-18589	79	13	statistically	statistically	ADV
ajfa-18589	79	14	significant	significant	ADJ
ajfa-18589	79	15	at	at	ADP
ajfa-18589	79	16	5	5	NUM
ajfa-18589	79	17	%	%	NOUN
ajfa-18589	79	18	level	level	NOUN
ajfa-18589	79	19	of	of	ADP
ajfa-18589	79	20	significance	significance	NOUN
ajfa-18589	79	21	,	,	PUNCT
ajfa-18589	79	22	with	with	ADP
ajfa-18589	79	23	r2	r2	PROPN
ajfa-18589	79	24	in	in	ADP
ajfa-18589	79	25	the	the	DET
ajfa-18589	79	26	range	range	NOUN
ajfa-18589	79	27	of	of	ADP
ajfa-18589	79	28	2.06	2.06	NUM
ajfa-18589	79	29	%	%	NOUN
ajfa-18589	79	30	to	to	ADP
ajfa-18589	79	31	15.07	15.07	NUM
ajfa-18589	79	32	%	%	NOUN
ajfa-18589	79	33	.	.	PUNCT
ajfa-18589	80	1	further	far	ADV
ajfa-18589	80	2	,	,	PUNCT
ajfa-18589	80	3	the	the	DET
ajfa-18589	80	4	beta	beta	NOUN
ajfa-18589	80	5	estimates	estimate	NOUN
ajfa-18589	80	6	for	for	ADP
ajfa-18589	80	7	one	one	NUM
ajfa-18589	80	8	-	-	PUNCT
ajfa-18589	80	9	day	day	NOUN
ajfa-18589	80	10	lagged	lag	VERB
ajfa-18589	80	11	nifty	nifty	ADJ
ajfa-18589	80	12	50	50	NUM
ajfa-18589	80	13	returns	return	NOUN
ajfa-18589	80	14	were	be	AUX
ajfa-18589	80	15	all	all	PRON
ajfa-18589	80	16	found	find	VERB
ajfa-18589	80	17	to	to	PART
ajfa-18589	80	18	be	be	AUX
ajfa-18589	80	19	statistically	statistically	ADV
ajfa-18589	80	20	significant	significant	ADJ
ajfa-18589	80	21	at	at	ADP
ajfa-18589	80	22	1	1	NUM
ajfa-18589	80	23	%	%	NOUN
ajfa-18589	80	24	level	level	NOUN
ajfa-18589	80	25	of	of	ADP
ajfa-18589	80	26	significance	significance	NOUN
ajfa-18589	80	27	.	.	PUNCT
ajfa-18589	81	1	thus	thus	ADV
ajfa-18589	81	2	,	,	PUNCT
ajfa-18589	81	3	the	the	DET
ajfa-18589	81	4	vector	vector	NOUN
ajfa-18589	81	5	autoregressive	autoregressive	ADJ
ajfa-18589	81	6	model	model	NOUN
ajfa-18589	81	7	was	be	AUX
ajfa-18589	81	8	adequate	adequate	ADJ
ajfa-18589	81	9	in	in	ADP
ajfa-18589	81	10	explaining	explain	VERB
ajfa-18589	81	11	stock	stock	NOUN
ajfa-18589	81	12	returns	return	NOUN
ajfa-18589	81	13	for	for	ADP
ajfa-18589	81	14	it	it	PRON
ajfa-18589	81	15	sector	sector	NOUN
ajfa-18589	81	16	stocks	stock	NOUN
ajfa-18589	81	17	.	.	PUNCT
ajfa-18589	82	1	the	the	DET
ajfa-18589	82	2	results	result	NOUN
ajfa-18589	82	3	of	of	ADP
ajfa-18589	82	4	the	the	DET
ajfa-18589	82	5	nested	nested	ADJ
ajfa-18589	82	6	f	f	NOUN
ajfa-18589	82	7	-	-	PUNCT
ajfa-18589	82	8	tests	test	NOUN
ajfa-18589	82	9	are	be	AUX
ajfa-18589	82	10	summarised	summarise	VERB
ajfa-18589	82	11	in	in	ADP
ajfa-18589	82	12	table	table	NOUN
ajfa-18589	82	13	6	6	NUM
ajfa-18589	82	14	below	below	ADV
ajfa-18589	82	15	.	.	PUNCT
ajfa-18589	83	1	asian	asian	ADJ
ajfa-18589	83	2	journal	journal	PROPN
ajfa-18589	83	3	of	of	ADP
ajfa-18589	83	4	finance	finance	PROPN
ajfa-18589	83	5	&	&	CCONJ
ajfa-18589	83	6	accounting	accounting	PROPN
ajfa-18589	83	7	issn	issn	PROPN
ajfa-18589	83	8	1946	1946	NUM
ajfa-18589	83	9	-	-	PUNCT
ajfa-18589	83	10	052x	052x	NOUN
ajfa-18589	83	11	2021	2021	NUM
ajfa-18589	83	12	,	,	PUNCT
ajfa-18589	83	13	vol	vol	NOUN
ajfa-18589	83	14	.	.	PROPN
ajfa-18589	83	15	13	13	NUM
ajfa-18589	83	16	,	,	PUNCT
ajfa-18589	83	17	no	no	INTJ
ajfa-18589	83	18	.	.	NOUN
ajfa-18589	83	19	1	1	NUM
ajfa-18589	83	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-18589	83	21	42	42	NUM
ajfa-18589	83	22	table	table	NOUN
ajfa-18589	83	23	6	6	NUM
ajfa-18589	83	24	.	.	PUNCT
ajfa-18589	84	1	results	result	NOUN
ajfa-18589	84	2	of	of	ADP
ajfa-18589	84	3	nested	nested	ADJ
ajfa-18589	84	4	f	f	NOUN
ajfa-18589	84	5	-	-	PUNCT
ajfa-18589	84	6	tests	test	NOUN
ajfa-18589	84	7	f	f	PROPN
ajfa-18589	84	8	stat	stat	PROPN
ajfa-18589	84	9	p	p	NOUN
ajfa-18589	84	10	-	-	PUNCT
ajfa-18589	84	11	value	value	NOUN
ajfa-18589	84	12	tcs	tcs	NOUN
ajfa-18589	84	13	5.6520	5.6520	NUM
ajfa-18589	84	14	0.0040	0.0040	NUM
ajfa-18589	84	15	infosys	infosy	NOUN
ajfa-18589	84	16	tech	tech	NOUN
ajfa-18589	84	17	10.3455	10.3455	NUM
ajfa-18589	84	18	0.0000	0.0000	NUM
ajfa-18589	84	19	wipro	wipro	ADJ
ajfa-18589	84	20	tech	tech	NOUN
ajfa-18589	84	21	4.0058	4.0058	NUM
ajfa-18589	84	22	0.0194	0.0194	NUM
ajfa-18589	84	23	hcl	hcl	PROPN
ajfa-18589	84	24	tech	tech	NOUN
ajfa-18589	84	25	7.1074	7.1074	NUM
ajfa-18589	84	26	0.0010	0.0010	NUM
ajfa-18589	84	27	tech	tech	NOUN
ajfa-18589	84	28	mahindra	mahindra	PROPN
ajfa-18589	84	29	6.9645	6.9645	NUM
ajfa-18589	84	30	0.0011	0.0011	NUM
ajfa-18589	84	31	l	l	NOUN
ajfa-18589	84	32	&	&	CCONJ
ajfa-18589	84	33	t	t	PROPN
ajfa-18589	84	34	tech	tech	PROPN
ajfa-18589	84	35	10.7637	10.7637	NUM
ajfa-18589	84	36	0.0000	0.0000	NUM
ajfa-18589	84	37	mphasis	mphasis	NOUN
ajfa-18589	84	38	3.1396	3.1396	NUM
ajfa-18589	84	39	0.0451	0.0451	NUM
ajfa-18589	84	40	mindtree	mindtree	NOUN
ajfa-18589	84	41	8.2375	8.2375	NUM
ajfa-18589	84	42	0.0003	0.0003	NUM
ajfa-18589	84	43	oracle	oracle	NOUN
ajfa-18589	84	44	financials	financial	NOUN
ajfa-18589	84	45	services	service	NOUN
ajfa-18589	84	46	software	software	VERB
ajfa-18589	84	47	10.0130	10.0130	NUM
ajfa-18589	84	48	0.0001	0.0001	NUM
ajfa-18589	84	49	persistent	persistent	ADJ
ajfa-18589	84	50	systems	system	NOUN
ajfa-18589	84	51	5.9073	5.9073	NUM
ajfa-18589	84	52	0.0031	0.0031	NUM
ajfa-18589	84	53	firstsource	firstsource	NOUN
ajfa-18589	84	54	13.9529	13.9529	NUM
ajfa-18589	84	55	0.0000	0.0000	NUM
ajfa-18589	84	56	cyient	cyient	VERB
ajfa-18589	84	57	5.8067	5.8067	NUM
ajfa-18589	84	58	0.0034	0.0034	NUM
ajfa-18589	84	59	hexaware	hexaware	NOUN
ajfa-18589	84	60	6.4656	6.4656	NUM
ajfa-18589	84	61	0.0018	0.0018	NUM
ajfa-18589	84	62	sonata	sonata	NOUN
ajfa-18589	84	63	software	software	NOUN
ajfa-18589	84	64	20.8266	20.8266	NUM
ajfa-18589	84	65	0.0000	0.0000	NUM
ajfa-18589	84	66	zenstar	zenstar	NOUN
ajfa-18589	84	67	tech	tech	NOUN
ajfa-18589	84	68	8.7741	8.7741	NUM
ajfa-18589	84	69	0.0002	0.0002	NUM
ajfa-18589	84	70	eclerx	eclerx	NOUN
ajfa-18589	84	71	5.6556	5.6556	NUM
ajfa-18589	84	72	0.0040	0.0040	NUM
ajfa-18589	84	73	niit	niit	PROPN
ajfa-18589	84	74	tech	tech	PROPN
ajfa-18589	84	75	14.8571	14.8571	NUM
ajfa-18589	84	76	0.0000	0.0000	NUM
ajfa-18589	84	77	nucleus	nucleus	ADJ
ajfa-18589	84	78	software	software	NOUN
ajfa-18589	84	79	exports	export	NOUN
ajfa-18589	84	80	16.5762	16.5762	NUM
ajfa-18589	84	81	0.0000	0.0000	NUM
ajfa-18589	84	82	mastek	mastek	VERB
ajfa-18589	84	83	12.9582	12.9582	NUM
ajfa-18589	84	84	0.0000	0.0000	NUM
ajfa-18589	84	85	it	it	PRON
ajfa-18589	84	86	was	be	AUX
ajfa-18589	84	87	found	find	VERB
ajfa-18589	84	88	that	that	SCONJ
ajfa-18589	84	89	the	the	DET
ajfa-18589	84	90	vector	vector	NOUN
ajfa-18589	84	91	autoregressive	autoregressive	ADJ
ajfa-18589	84	92	model	model	NOUN
ajfa-18589	84	93	was	be	AUX
ajfa-18589	84	94	significant	significant	ADJ
ajfa-18589	84	95	over	over	ADP
ajfa-18589	84	96	the	the	DET
ajfa-18589	84	97	market	market	NOUN
ajfa-18589	84	98	model	model	NOUN
ajfa-18589	84	99	for	for	ADP
ajfa-18589	84	100	all	all	DET
ajfa-18589	84	101	sample	sample	NOUN
ajfa-18589	84	102	stocks	stock	NOUN
ajfa-18589	84	103	at	at	ADP
ajfa-18589	84	104	5	5	NUM
ajfa-18589	84	105	%	%	NOUN
ajfa-18589	84	106	level	level	NOUN
ajfa-18589	84	107	of	of	ADP
ajfa-18589	84	108	significance	significance	NOUN
ajfa-18589	84	109	.	.	PUNCT
ajfa-18589	85	1	discussion	discussion	NOUN
ajfa-18589	85	2	the	the	DET
ajfa-18589	85	3	results	result	NOUN
ajfa-18589	85	4	of	of	ADP
ajfa-18589	85	5	the	the	DET
ajfa-18589	85	6	study	study	NOUN
ajfa-18589	85	7	suggest	suggest	VERB
ajfa-18589	85	8	that	that	SCONJ
ajfa-18589	85	9	the	the	DET
ajfa-18589	85	10	vector	vector	NOUN
ajfa-18589	85	11	autoregressive	autoregressive	ADJ
ajfa-18589	85	12	model	model	NOUN
ajfa-18589	85	13	is	be	AUX
ajfa-18589	85	14	a	a	DET
ajfa-18589	85	15	better	well	ADJ
ajfa-18589	85	16	model	model	NOUN
ajfa-18589	85	17	of	of	ADP
ajfa-18589	85	18	stock	stock	NOUN
ajfa-18589	85	19	returns	return	NOUN
ajfa-18589	85	20	than	than	ADP
ajfa-18589	85	21	the	the	DET
ajfa-18589	85	22	market	market	NOUN
ajfa-18589	85	23	model	model	NOUN
ajfa-18589	85	24	.	.	PUNCT
ajfa-18589	86	1	specifically	specifically	ADV
ajfa-18589	86	2	,	,	PUNCT
ajfa-18589	86	3	as	as	SCONJ
ajfa-18589	86	4	the	the	DET
ajfa-18589	86	5	one	one	NUM
ajfa-18589	86	6	-	-	PUNCT
ajfa-18589	86	7	day	day	NOUN
ajfa-18589	86	8	lagged	lag	VERB
ajfa-18589	86	9	nifty	nifty	ADJ
ajfa-18589	86	10	50	50	NUM
ajfa-18589	86	11	returns	return	NOUN
ajfa-18589	86	12	were	be	AUX
ajfa-18589	86	13	found	find	VERB
ajfa-18589	86	14	to	to	PART
ajfa-18589	86	15	be	be	AUX
ajfa-18589	86	16	statistically	statistically	ADV
ajfa-18589	86	17	significant	significant	ADJ
ajfa-18589	86	18	at	at	ADP
ajfa-18589	86	19	1	1	NUM
ajfa-18589	86	20	%	%	NOUN
ajfa-18589	86	21	level	level	NOUN
ajfa-18589	86	22	of	of	ADP
ajfa-18589	86	23	significance	significance	NOUN
ajfa-18589	86	24	,	,	PUNCT
ajfa-18589	86	25	it	it	PRON
ajfa-18589	86	26	sector	sector	NOUN
ajfa-18589	86	27	stocks	stock	NOUN
ajfa-18589	86	28	seem	seem	VERB
ajfa-18589	86	29	to	to	PART
ajfa-18589	86	30	react	react	VERB
ajfa-18589	86	31	more	more	ADJ
ajfa-18589	86	32	to	to	ADP
ajfa-18589	86	33	market	market	NOUN
ajfa-18589	86	34	movements	movement	NOUN
ajfa-18589	86	35	from	from	ADP
ajfa-18589	86	36	the	the	DET
ajfa-18589	86	37	previous	previous	ADJ
ajfa-18589	86	38	day	day	NOUN
ajfa-18589	86	39	than	than	ADP
ajfa-18589	86	40	on	on	ADP
ajfa-18589	86	41	the	the	DET
ajfa-18589	86	42	day	day	NOUN
ajfa-18589	86	43	itself	itself	PRON
ajfa-18589	86	44	.	.	PUNCT
ajfa-18589	87	1	this	this	PRON
ajfa-18589	87	2	could	could	AUX
ajfa-18589	87	3	be	be	AUX
ajfa-18589	87	4	due	due	ADJ
ajfa-18589	87	5	to	to	ADP
ajfa-18589	87	6	the	the	DET
ajfa-18589	87	7	relative	relative	ADJ
ajfa-18589	87	8	isolation	isolation	NOUN
ajfa-18589	87	9	of	of	ADP
ajfa-18589	87	10	it	it	PRON
ajfa-18589	87	11	stocks	stock	NOUN
ajfa-18589	87	12	from	from	ADP
ajfa-18589	87	13	domestic	domestic	ADJ
ajfa-18589	87	14	economic	economic	ADJ
ajfa-18589	87	15	shocks	shock	NOUN
ajfa-18589	87	16	,	,	PUNCT
ajfa-18589	87	17	as	as	SCONJ
ajfa-18589	87	18	their	their	PRON
ajfa-18589	87	19	customer	customer	NOUN
ajfa-18589	87	20	base	base	NOUN
ajfa-18589	87	21	is	be	AUX
ajfa-18589	87	22	primarily	primarily	ADV
ajfa-18589	87	23	the	the	DET
ajfa-18589	87	24	american	american	ADJ
ajfa-18589	87	25	and	and	CCONJ
ajfa-18589	87	26	european	european	ADJ
ajfa-18589	87	27	markets	market	NOUN
ajfa-18589	87	28	.	.	PUNCT
ajfa-18589	88	1	the	the	DET
ajfa-18589	88	2	implication	implication	NOUN
ajfa-18589	88	3	for	for	ADP
ajfa-18589	88	4	asset	asset	NOUN
ajfa-18589	88	5	pricing	pricing	NOUN
ajfa-18589	88	6	modelling	modelling	NOUN
ajfa-18589	88	7	is	be	AUX
ajfa-18589	88	8	that	that	SCONJ
ajfa-18589	88	9	systematic	systematic	ADJ
ajfa-18589	88	10	risk	risk	NOUN
ajfa-18589	88	11	may	may	AUX
ajfa-18589	88	12	be	be	AUX
ajfa-18589	88	13	further	far	ADV
ajfa-18589	88	14	decomposed	decompose	VERB
ajfa-18589	88	15	into	into	ADP
ajfa-18589	88	16	a	a	DET
ajfa-18589	88	17	component	component	NOUN
ajfa-18589	88	18	corresponding	correspond	VERB
ajfa-18589	88	19	to	to	ADP
ajfa-18589	88	20	sensitivity	sensitivity	NOUN
ajfa-18589	88	21	to	to	ADP
ajfa-18589	88	22	market	market	NOUN
ajfa-18589	88	23	movements	movement	NOUN
ajfa-18589	88	24	on	on	ADP
ajfa-18589	88	25	the	the	DET
ajfa-18589	88	26	day	day	NOUN
ajfa-18589	88	27	and	and	CCONJ
ajfa-18589	88	28	a	a	DET
ajfa-18589	88	29	component	component	NOUN
ajfa-18589	88	30	corresponding	correspond	VERB
ajfa-18589	88	31	to	to	ADP
ajfa-18589	88	32	sensitivity	sensitivity	NOUN
ajfa-18589	88	33	to	to	ADP
ajfa-18589	88	34	market	market	NOUN
ajfa-18589	88	35	movements	movement	NOUN
ajfa-18589	88	36	on	on	ADP
ajfa-18589	88	37	the	the	DET
ajfa-18589	88	38	previous	previous	ADJ
ajfa-18589	88	39	day	day	NOUN
ajfa-18589	88	40	.	.	PUNCT
ajfa-18589	89	1	the	the	DET
ajfa-18589	89	2	asset	asset	NOUN
ajfa-18589	89	3	pricing	pricing	NOUN
ajfa-18589	89	4	model	model	NOUN
ajfa-18589	89	5	would	would	AUX
ajfa-18589	89	6	be	be	AUX
ajfa-18589	89	7	extended	extend	VERB
ajfa-18589	89	8	to	to	PART
ajfa-18589	89	9	include	include	VERB
ajfa-18589	89	10	market	market	NOUN
ajfa-18589	89	11	risk	risk	NOUN
ajfa-18589	89	12	premia	premia	NOUN
ajfa-18589	89	13	for	for	ADP
ajfa-18589	89	14	both	both	PRON
ajfa-18589	89	15	of	of	ADP
ajfa-18589	89	16	these	these	DET
ajfa-18589	89	17	components	component	NOUN
ajfa-18589	89	18	of	of	ADP
ajfa-18589	89	19	systemic	systemic	ADJ
ajfa-18589	89	20	risk	risk	NOUN
ajfa-18589	89	21	.	.	PUNCT
ajfa-18589	90	1	this	this	PRON
ajfa-18589	90	2	would	would	AUX
ajfa-18589	90	3	need	need	VERB
ajfa-18589	90	4	to	to	PART
ajfa-18589	90	5	be	be	AUX
ajfa-18589	90	6	formalised	formalise	VERB
ajfa-18589	90	7	theoretically	theoretically	ADV
ajfa-18589	90	8	and	and	CCONJ
ajfa-18589	90	9	tested	test	VERB
ajfa-18589	90	10	empirically	empirically	ADV
ajfa-18589	90	11	in	in	ADP
ajfa-18589	90	12	other	other	ADJ
ajfa-18589	90	13	sectors	sector	NOUN
ajfa-18589	90	14	.	.	PUNCT
ajfa-18589	91	1	asian	asian	ADJ
ajfa-18589	91	2	journal	journal	PROPN
ajfa-18589	91	3	of	of	ADP
ajfa-18589	91	4	finance	finance	PROPN
ajfa-18589	91	5	&	&	CCONJ
ajfa-18589	91	6	accounting	accounting	PROPN
ajfa-18589	91	7	issn	issn	PROPN
ajfa-18589	91	8	1946	1946	NUM
ajfa-18589	91	9	-	-	PUNCT
ajfa-18589	91	10	052x	052x	NOUN
ajfa-18589	91	11	2021	2021	NUM
ajfa-18589	91	12	,	,	PUNCT
ajfa-18589	91	13	vol	vol	NOUN
ajfa-18589	91	14	.	.	PROPN
ajfa-18589	91	15	13	13	NUM
ajfa-18589	91	16	,	,	PUNCT
ajfa-18589	91	17	no	no	INTJ
ajfa-18589	91	18	.	.	NOUN
ajfa-18589	91	19	1	1	NUM
ajfa-18589	91	20	ajfa.macrothink.org/	ajfa.macrothink.org/	NOUN
ajfa-18589	91	21	43	43	NUM
ajfa-18589	91	22	there	there	PRON
ajfa-18589	91	23	are	be	VERB
ajfa-18589	91	24	some	some	DET
ajfa-18589	91	25	limitations	limitation	NOUN
ajfa-18589	91	26	inherent	inherent	ADJ
ajfa-18589	91	27	in	in	ADP
ajfa-18589	91	28	the	the	DET
ajfa-18589	91	29	study	study	NOUN
ajfa-18589	91	30	.	.	PUNCT
ajfa-18589	92	1	the	the	DET
ajfa-18589	92	2	sample	sample	NOUN
ajfa-18589	92	3	size	size	NOUN
ajfa-18589	92	4	for	for	ADP
ajfa-18589	92	5	the	the	DET
ajfa-18589	92	6	study	study	NOUN
ajfa-18589	92	7	was	be	AUX
ajfa-18589	92	8	relatively	relatively	ADV
ajfa-18589	92	9	small	small	ADJ
ajfa-18589	92	10	,	,	PUNCT
ajfa-18589	92	11	only	only	ADV
ajfa-18589	92	12	nineteen	nineteen	NUM
ajfa-18589	92	13	stocks	stock	NOUN
ajfa-18589	92	14	in	in	ADP
ajfa-18589	92	15	the	the	DET
ajfa-18589	92	16	it	it	NOUN
ajfa-18589	92	17	sector	sector	NOUN
ajfa-18589	92	18	,	,	PUNCT
ajfa-18589	92	19	and	and	CCONJ
ajfa-18589	92	20	the	the	DET
ajfa-18589	92	21	research	research	NOUN
ajfa-18589	92	22	period	period	NOUN
ajfa-18589	92	23	was	be	AUX
ajfa-18589	92	24	very	very	ADV
ajfa-18589	92	25	short	short	ADJ
ajfa-18589	92	26	,	,	PUNCT
ajfa-18589	92	27	only	only	ADV
ajfa-18589	92	28	one	one	NUM
ajfa-18589	92	29	year	year	NOUN
ajfa-18589	92	30	.	.	PUNCT
ajfa-18589	93	1	thus	thus	ADV
ajfa-18589	93	2	,	,	PUNCT
ajfa-18589	93	3	the	the	DET
ajfa-18589	93	4	results	result	NOUN
ajfa-18589	93	5	of	of	ADP
ajfa-18589	93	6	the	the	DET
ajfa-18589	93	7	study	study	NOUN
ajfa-18589	93	8	may	may	AUX
ajfa-18589	93	9	not	not	PART
ajfa-18589	93	10	be	be	AUX
ajfa-18589	93	11	generalisable	generalisable	ADJ
ajfa-18589	93	12	.	.	PUNCT
ajfa-18589	94	1	additionally	additionally	ADV
ajfa-18589	94	2	,	,	PUNCT
ajfa-18589	94	3	the	the	DET
ajfa-18589	94	4	data	datum	NOUN
ajfa-18589	94	5	of	of	ADP
ajfa-18589	94	6	the	the	DET
ajfa-18589	94	7	sample	sample	NOUN
ajfa-18589	94	8	stocks	stock	NOUN
ajfa-18589	94	9	may	may	AUX
ajfa-18589	94	10	contain	contain	VERB
ajfa-18589	94	11	many	many	ADJ
ajfa-18589	94	12	outliers	outlier	NOUN
ajfa-18589	94	13	,	,	PUNCT
ajfa-18589	94	14	as	as	SCONJ
ajfa-18589	94	15	there	there	PRON
ajfa-18589	94	16	were	be	VERB
ajfa-18589	94	17	several	several	ADJ
ajfa-18589	94	18	stocks	stock	NOUN
ajfa-18589	94	19	with	with	ADP
ajfa-18589	94	20	very	very	ADV
ajfa-18589	94	21	extreme	extreme	ADJ
ajfa-18589	94	22	positive	positive	ADJ
ajfa-18589	94	23	and	and	CCONJ
ajfa-18589	94	24	negative	negative	ADJ
ajfa-18589	94	25	daily	daily	ADJ
ajfa-18589	94	26	returns	return	NOUN
ajfa-18589	94	27	,	,	PUNCT
ajfa-18589	94	28	which	which	PRON
ajfa-18589	94	29	may	may	AUX
ajfa-18589	94	30	have	have	AUX
ajfa-18589	94	31	affected	affect	VERB
ajfa-18589	94	32	the	the	DET
ajfa-18589	94	33	significance	significance	NOUN
ajfa-18589	94	34	of	of	ADP
ajfa-18589	94	35	the	the	DET
ajfa-18589	94	36	market	market	NOUN
ajfa-18589	94	37	model	model	NOUN
ajfa-18589	94	38	regressions	regression	NOUN
ajfa-18589	94	39	.	.	PUNCT
ajfa-18589	95	1	there	there	PRON
ajfa-18589	95	2	is	be	VERB
ajfa-18589	95	3	also	also	ADV
ajfa-18589	95	4	the	the	DET
ajfa-18589	95	5	possibility	possibility	NOUN
ajfa-18589	95	6	of	of	ADP
ajfa-18589	95	7	multicollinearity	multicollinearity	NOUN
ajfa-18589	95	8	,	,	PUNCT
ajfa-18589	95	9	as	as	SCONJ
ajfa-18589	95	10	there	there	PRON
ajfa-18589	95	11	may	may	AUX
ajfa-18589	95	12	be	be	AUX
ajfa-18589	95	13	significant	significant	ADJ
ajfa-18589	95	14	autocorrelation	autocorrelation	NOUN
ajfa-18589	95	15	in	in	ADP
ajfa-18589	95	16	index	index	NOUN
ajfa-18589	95	17	returns	return	NOUN
ajfa-18589	95	18	,	,	PUNCT
ajfa-18589	95	19	and	and	CCONJ
ajfa-18589	95	20	heteroskedasticity	heteroskedasticity	NOUN
ajfa-18589	95	21	.	.	PUNCT
ajfa-18589	96	1	the	the	DET
ajfa-18589	96	2	latter	latter	ADJ
ajfa-18589	96	3	may	may	AUX
ajfa-18589	96	4	require	require	VERB
ajfa-18589	96	5	a	a	DET
ajfa-18589	96	6	garch	garch	NOUN
ajfa-18589	96	7	model	model	NOUN
ajfa-18589	96	8	approach	approach	NOUN
ajfa-18589	96	9	.	.	PUNCT
ajfa-18589	97	1	also	also	ADV
ajfa-18589	97	2	,	,	PUNCT
ajfa-18589	97	3	the	the	DET
ajfa-18589	97	4	highest	high	ADJ
ajfa-18589	97	5	r2	r2	NOUN
ajfa-18589	97	6	attained	attain	VERB
ajfa-18589	97	7	using	use	VERB
ajfa-18589	97	8	the	the	DET
ajfa-18589	97	9	vector	vector	NOUN
ajfa-18589	97	10	autoregressive	autoregressive	ADJ
ajfa-18589	97	11	model	model	NOUN
ajfa-18589	97	12	was	be	AUX
ajfa-18589	97	13	a	a	DET
ajfa-18589	97	14	little	little	ADJ
ajfa-18589	97	15	above	above	ADP
ajfa-18589	97	16	15	15	NUM
ajfa-18589	97	17	%	%	NOUN
ajfa-18589	97	18	,	,	PUNCT
ajfa-18589	97	19	suggesting	suggest	VERB
ajfa-18589	97	20	that	that	SCONJ
ajfa-18589	97	21	there	there	PRON
ajfa-18589	97	22	is	be	VERB
ajfa-18589	97	23	scope	scope	NOUN
ajfa-18589	97	24	to	to	PART
ajfa-18589	97	25	include	include	VERB
ajfa-18589	97	26	other	other	ADJ
ajfa-18589	97	27	factors	factor	NOUN
ajfa-18589	97	28	to	to	PART
ajfa-18589	97	29	improve	improve	VERB
ajfa-18589	97	30	the	the	DET
ajfa-18589	97	31	explanatory	explanatory	ADJ
ajfa-18589	97	32	power	power	NOUN
ajfa-18589	97	33	.	.	PUNCT
ajfa-18589	98	1	in	in	ADP
ajfa-18589	98	2	particular	particular	ADJ
ajfa-18589	98	3	,	,	PUNCT
ajfa-18589	98	4	for	for	ADP
ajfa-18589	98	5	the	the	DET
ajfa-18589	98	6	it	it	NOUN
ajfa-18589	98	7	sector	sector	NOUN
ajfa-18589	98	8	,	,	PUNCT
ajfa-18589	98	9	exchange	exchange	NOUN
ajfa-18589	98	10	rates	rate	NOUN
ajfa-18589	98	11	would	would	AUX
ajfa-18589	98	12	be	be	AUX
ajfa-18589	98	13	expected	expect	VERB
ajfa-18589	98	14	to	to	PART
ajfa-18589	98	15	play	play	VERB
ajfa-18589	98	16	a	a	DET
ajfa-18589	98	17	major	major	ADJ
ajfa-18589	98	18	role	role	NOUN
ajfa-18589	98	19	.	.	PUNCT
ajfa-18589	99	1	further	far	ADV
ajfa-18589	99	2	,	,	PUNCT
ajfa-18589	99	3	other	other	ADJ
ajfa-18589	99	4	indices	index	NOUN
ajfa-18589	99	5	may	may	AUX
ajfa-18589	99	6	be	be	AUX
ajfa-18589	99	7	more	more	ADV
ajfa-18589	99	8	appropriate	appropriate	ADJ
ajfa-18589	99	9	than	than	ADP
ajfa-18589	99	10	the	the	DET
ajfa-18589	99	11	nifty	nifty	ADJ
ajfa-18589	99	12	50	50	NUM
ajfa-18589	99	13	index	index	NOUN
ajfa-18589	99	14	;	;	PUNCT
ajfa-18589	99	15	for	for	ADP
ajfa-18589	99	16	example	example	NOUN
ajfa-18589	99	17	the	the	DET
ajfa-18589	99	18	niftyit	niftyit	NOUN
ajfa-18589	99	19	index	index	NOUN
ajfa-18589	99	20	or	or	CCONJ
ajfa-18589	99	21	even	even	ADV
ajfa-18589	99	22	the	the	DET
ajfa-18589	99	23	s&p	s&p	PROPN
ajfa-18589	99	24	500	500	NUM
ajfa-18589	99	25	index	index	NOUN
ajfa-18589	99	26	.	.	PUNCT
ajfa-18589	100	1	other	other	ADJ
ajfa-18589	100	2	macroeconomic	macroeconomic	ADJ
ajfa-18589	100	3	variables	variable	NOUN
ajfa-18589	100	4	may	may	AUX
ajfa-18589	100	5	also	also	ADV
ajfa-18589	100	6	play	play	VERB
ajfa-18589	100	7	an	an	DET
ajfa-18589	100	8	important	important	ADJ
ajfa-18589	100	9	role	role	NOUN
ajfa-18589	100	10	.	.	PUNCT
ajfa-18589	101	1	these	these	PRON
ajfa-18589	101	2	should	should	AUX
ajfa-18589	101	3	be	be	AUX
ajfa-18589	101	4	investigated	investigate	VERB
ajfa-18589	101	5	in	in	ADP
ajfa-18589	101	6	future	future	ADJ
ajfa-18589	101	7	studies	study	NOUN
ajfa-18589	101	8	.	.	PUNCT
ajfa-18589	102	1	references	reference	NOUN
ajfa-18589	102	2	brown	brown	PROPN
ajfa-18589	102	3	,	,	PUNCT
ajfa-18589	102	4	s.j	s.j	PROPN
ajfa-18589	102	5	.	.	PROPN
ajfa-18589	102	6	,	,	PUNCT
ajfa-18589	102	7	&	&	CCONJ
ajfa-18589	102	8	warner	warner	PROPN
ajfa-18589	102	9	,	,	PUNCT
ajfa-18589	102	10	j.b	j.b	PROPN
ajfa-18589	102	11	.	.	PUNCT
ajfa-18589	102	12	(	(	PUNCT
ajfa-18589	102	13	1980	1980	NUM
ajfa-18589	102	14	)	)	PUNCT
ajfa-18589	102	15	.	.	PUNCT
ajfa-18589	103	1	measuring	measure	VERB
ajfa-18589	103	2	security	security	NOUN
ajfa-18589	103	3	price	price	NOUN
ajfa-18589	103	4	performance	performance	NOUN
ajfa-18589	103	5	.	.	PUNCT
ajfa-18589	104	1	journal	journal	NOUN
ajfa-18589	104	2	of	of	ADP
ajfa-18589	104	3	financial	financial	ADJ
ajfa-18589	104	4	economics	economic	NOUN
ajfa-18589	104	5	,	,	PUNCT
ajfa-18589	104	6	8	8	NUM
ajfa-18589	104	7	,	,	PUNCT
ajfa-18589	104	8	205	205	NUM
ajfa-18589	104	9	-	-	SYM
ajfa-18589	104	10	258	258	NUM
ajfa-18589	104	11	.	.	PUNCT
ajfa-18589	105	1	https://doi.org/10.1016/0304-405x(80)90002-1	https://doi.org/10.1016/0304-405x(80)90002-1	NOUN
ajfa-18589	105	2	carhart	carhart	NOUN
ajfa-18589	105	3	,	,	PUNCT
ajfa-18589	105	4	m.	m.	NOUN
ajfa-18589	105	5	(	(	PUNCT
ajfa-18589	105	6	1997	1997	NUM
ajfa-18589	105	7	)	)	PUNCT
ajfa-18589	105	8	.	.	PUNCT
ajfa-18589	106	1	on	on	ADP
ajfa-18589	106	2	persistence	persistence	NOUN
ajfa-18589	106	3	in	in	ADP
ajfa-18589	106	4	mutual	mutual	ADJ
ajfa-18589	106	5	fund	fund	NOUN
ajfa-18589	106	6	performance	performance	NOUN
ajfa-18589	106	7	.	.	PUNCT
ajfa-18589	107	1	journal	journal	PROPN
ajfa-18589	107	2	of	of	ADP
ajfa-18589	107	3	finance	finance	NOUN
ajfa-18589	107	4	,	,	PUNCT
ajfa-18589	107	5	52(1	52(1	NOUN
ajfa-18589	107	6	)	)	PUNCT
ajfa-18589	107	7	,	,	PUNCT
ajfa-18589	107	8	57	57	NUM
ajfa-18589	107	9	-	-	SYM
ajfa-18589	107	10	82	82	NUM
ajfa-18589	107	11	.	.	PUNCT
ajfa-18589	108	1	https://doi.org/10.1111/j.1540-6261.1997.tb03808.x	https://doi.org/10.1111/j.1540-6261.1997.tb03808.x	PROPN
ajfa-18589	108	2	chan	chan	PROPN
ajfa-18589	108	3	,	,	PUNCT
ajfa-18589	108	4	k.	k.	PROPN
ajfa-18589	108	5	(	(	PUNCT
ajfa-18589	108	6	1993	1993	NUM
ajfa-18589	108	7	)	)	PUNCT
ajfa-18589	108	8	.	.	PUNCT
ajfa-18589	109	1	imperfect	imperfect	ADJ
ajfa-18589	109	2	information	information	NOUN
ajfa-18589	109	3	and	and	CCONJ
ajfa-18589	109	4	cross	cross	NOUN
ajfa-18589	109	5	-	-	NOUN
ajfa-18589	109	6	autocorrelation	autocorrelation	NOUN
ajfa-18589	109	7	among	among	ADP
ajfa-18589	109	8	stock	stock	NOUN
ajfa-18589	109	9	prices	price	NOUN
ajfa-18589	109	10	.	.	PUNCT
ajfa-18589	110	1	journal	journal	PROPN
ajfa-18589	110	2	of	of	ADP
ajfa-18589	110	3	finance	finance	NOUN
ajfa-18589	110	4	,	,	PUNCT
ajfa-18589	110	5	48(4	48(4	NUM
ajfa-18589	110	6	)	)	PUNCT
ajfa-18589	110	7	,	,	PUNCT
ajfa-18589	110	8	1211	1211	NUM
ajfa-18589	110	9	-	-	SYM
ajfa-18589	110	10	1230	1230	NUM
ajfa-18589	110	11	.	.	PUNCT
ajfa-18589	111	1	https://doi.org/10.1111/j.1540-6261.1993.tb04752.x	https://doi.org/10.1111/j.1540-6261.1993.tb04752.x	DET
ajfa-18589	111	2	coutts	coutts	PROPN
ajfa-18589	111	3	,	,	PUNCT
ajfa-18589	111	4	j.a	j.a	PROPN
ajfa-18589	111	5	.	.	PROPN
ajfa-18589	111	6	,	,	PUNCT
ajfa-18589	111	7	roberts	roberts	PROPN
ajfa-18589	111	8	,	,	PUNCT
ajfa-18589	111	9	j.	j.	PROPN
ajfa-18589	111	10	,	,	PUNCT
ajfa-18589	111	11	&	&	CCONJ
ajfa-18589	111	12	mills	mills	PROPN
ajfa-18589	111	13	,	,	PUNCT
ajfa-18589	111	14	t.c	t.c	PROPN
ajfa-18589	111	15	.	.	PROPN
ajfa-18589	111	16	(	(	PUNCT
ajfa-18589	111	17	1997	1997	NUM
ajfa-18589	111	18	)	)	PUNCT
ajfa-18589	111	19	.	.	PUNCT
ajfa-18589	112	1	parameter	parameter	PROPN
ajfa-18589	112	2	stability	stability	NOUN
ajfa-18589	112	3	in	in	ADP
ajfa-18589	112	4	the	the	DET
ajfa-18589	112	5	market	market	NOUN
ajfa-18589	112	6	model	model	NOUN
ajfa-18589	112	7	:	:	PUNCT
ajfa-18589	112	8	tests	test	NOUN
ajfa-18589	112	9	and	and	CCONJ
ajfa-18589	112	10	time	time	NOUN
ajfa-18589	112	11	varying	vary	VERB
ajfa-18589	112	12	parameter	parameter	NOUN
ajfa-18589	112	13	estimation	estimation	NOUN
ajfa-18589	112	14	with	with	ADP
ajfa-18589	112	15	uk	uk	PROPN
ajfa-18589	112	16	data	data	PROPN
ajfa-18589	112	17	.	.	PUNCT
ajfa-18589	113	1	journal	journal	NOUN
ajfa-18589	113	2	of	of	ADP
ajfa-18589	113	3	the	the	DET
ajfa-18589	113	4	royal	royal	ADJ
ajfa-18589	113	5	statistical	statistical	ADJ
ajfa-18589	113	6	society	society	NOUN
ajfa-18589	113	7	:	:	PUNCT
ajfa-18589	113	8	series	series	PROPN
ajfa-18589	113	9	d	d	PROPN
ajfa-18589	113	10	(	(	PUNCT
ajfa-18589	113	11	the	the	DET
ajfa-18589	113	12	statistician	statistician	NOUN
ajfa-18589	113	13	)	)	PUNCT
ajfa-18589	113	14	,	,	PUNCT
ajfa-18589	113	15	46(1	46(1	PROPN
ajfa-18589	113	16	)	)	PUNCT
ajfa-18589	113	17	,	,	PUNCT
ajfa-18589	113	18	57	57	NUM
ajfa-18589	113	19	-	-	SYM
ajfa-18589	113	20	70	70	NUM
ajfa-18589	113	21	.	.	PUNCT
ajfa-18589	114	1	https://doi.org/10.1111/1467-9884.00059	https://doi.org/10.1111/1467-9884.00059	ADJ
ajfa-18589	114	2	dash	dash	NOUN
ajfa-18589	114	3	,	,	PUNCT
ajfa-18589	114	4	m.	m.	NOUN
ajfa-18589	114	5	(	(	PUNCT
ajfa-18589	114	6	2014	2014	NUM
ajfa-18589	114	7	)	)	PUNCT
ajfa-18589	114	8	.	.	PUNCT
ajfa-18589	115	1	granger	granger	PROPN
ajfa-18589	115	2	causality	causality	PROPN
ajfa-18589	115	3	and	and	CCONJ
ajfa-18589	115	4	the	the	DET
ajfa-18589	115	5	capital	capital	NOUN
ajfa-18589	115	6	asset	asset	NOUN
ajfa-18589	115	7	pricing	pricing	NOUN
ajfa-18589	115	8	model	model	NOUN
ajfa-18589	115	9	.	.	PUNCT
ajfa-18589	116	1	journal	journal	PROPN
ajfa-18589	116	2	of	of	ADP
ajfa-18589	116	3	applied	apply	VERB
ajfa-18589	116	4	management	management	NOUN
ajfa-18589	116	5	and	and	CCONJ
ajfa-18589	116	6	investments	investment	NOUN
ajfa-18589	116	7	,	,	PUNCT
ajfa-18589	116	8	3(2	3(2	NUM
ajfa-18589	116	9	)	)	PUNCT
ajfa-18589	116	10	,	,	PUNCT
ajfa-18589	116	11	68	68	NUM
ajfa-18589	116	12	-	-	SYM
ajfa-18589	116	13	73	73	NUM
ajfa-18589	116	14	.	.	PUNCT
ajfa-18589	117	1	dash	dash	NOUN
ajfa-18589	117	2	,	,	PUNCT
ajfa-18589	117	3	m.	m.	NOUN
ajfa-18589	117	4	(	(	PUNCT
ajfa-18589	117	5	2017	2017	NUM
ajfa-18589	117	6	)	)	PUNCT
ajfa-18589	117	7	.	.	PUNCT
ajfa-18589	118	1	a	a	DET
ajfa-18589	118	2	study	study	NOUN
ajfa-18589	118	3	of	of	ADP
ajfa-18589	118	4	granger	granger	PROPN
ajfa-18589	118	5	causality	causality	PROPN
ajfa-18589	118	6	in	in	ADP
ajfa-18589	118	7	the	the	DET
ajfa-18589	118	8	capm	capm	NOUN
ajfa-18589	118	9	.	.	PUNCT
ajfa-18589	119	1	i	i	PROPN
ajfa-18589	119	2	-	-	PUNCT
ajfa-18589	119	3	manager	manager	NOUN
ajfa-18589	119	4	’s	’s	PART
ajfa-18589	119	5	journal	journal	NOUN
ajfa-18589	119	6	on	on	ADP
ajfa-18589	119	7	management	management	NOUN
ajfa-18589	119	8	,	,	PUNCT
ajfa-18589	119	9	11(4	11(4	NUM
ajfa-18589	119	10	)	)	PUNCT
ajfa-18589	119	11	,	,	PUNCT
ajfa-18589	119	12	61	61	NUM
ajfa-18589	119	13	-	-	SYM
ajfa-18589	119	14	68	68	NUM
ajfa-18589	119	15	.	.	PUNCT
ajfa-18589	120	1	https://doi.org/10.26634/jmgt.11.4.13452	https://doi.org/10.26634/jmgt.11.4.13452	PROPN
ajfa-18589	120	2	fama	fama	PROPN
ajfa-18589	120	3	,	,	PUNCT
ajfa-18589	120	4	e.f	e.f	PROPN
ajfa-18589	120	5	.	.	PROPN
ajfa-18589	120	6	,	,	PUNCT
ajfa-18589	120	7	&	&	CCONJ
ajfa-18589	120	8	french	french	PROPN
ajfa-18589	120	9	,	,	PUNCT
ajfa-18589	120	10	k.r	k.r	PROPN
ajfa-18589	120	11	.	.	PROPN
ajfa-18589	120	12	(	(	PUNCT
ajfa-18589	120	13	1996	1996	NUM
ajfa-18589	120	14	)	)	PUNCT
ajfa-18589	120	15	.	.	PUNCT
ajfa-18589	121	1	multifactor	multifactor	NOUN
ajfa-18589	121	2	explanations	explanation	NOUN
ajfa-18589	121	3	of	of	ADP
ajfa-18589	121	4	asset	asset	NOUN
ajfa-18589	121	5	pricing	pricing	NOUN
ajfa-18589	121	6	anomalies	anomaly	NOUN
ajfa-18589	121	7	.	.	PUNCT
ajfa-18589	122	1	journal	journal	PROPN
ajfa-18589	122	2	of	of	ADP
ajfa-18589	122	3	finance	finance	NOUN
ajfa-18589	122	4	,	,	PUNCT
ajfa-18589	122	5	51(1	51(1	NUM
ajfa-18589	122	6	)	)	PUNCT
ajfa-18589	122	7	,	,	PUNCT
ajfa-18589	122	8	55	55	NUM
ajfa-18589	122	9	-	-	SYM
ajfa-18589	122	10	84	84	NUM
ajfa-18589	122	11	.	.	PUNCT
ajfa-18589	123	1	https://doi.org/10.1111/j.1540-6261.1996.tb05202.x	https://doi.org/10.1111/j.1540-6261.1996.tb05202.x	PROPN
ajfa-18589	123	2	fama	fama	PROPN
ajfa-18589	123	3	,	,	PUNCT
ajfa-18589	123	4	e.f	e.f	PROPN
ajfa-18589	123	5	.	.	PROPN
ajfa-18589	123	6	,	,	PUNCT
ajfa-18589	123	7	&	&	CCONJ
ajfa-18589	123	8	macbeth	macbeth	PROPN
ajfa-18589	123	9	,	,	PUNCT
ajfa-18589	123	10	j.	j.	PROPN
ajfa-18589	123	11	d.	d.	PROPN
ajfa-18589	123	12	(	(	PUNCT
ajfa-18589	123	13	1973	1973	NUM
ajfa-18589	123	14	)	)	PUNCT
ajfa-18589	123	15	.	.	PUNCT
ajfa-18589	124	1	risk	risk	NOUN
ajfa-18589	124	2	,	,	PUNCT
ajfa-18589	124	3	return	return	NOUN
ajfa-18589	124	4	,	,	PUNCT
ajfa-18589	124	5	and	and	CCONJ
ajfa-18589	124	6	equilibrium	equilibrium	NOUN
ajfa-18589	124	7	:	:	PUNCT
ajfa-18589	124	8	empirical	empirical	ADJ
ajfa-18589	124	9	tests	test	NOUN
ajfa-18589	124	10	.	.	PUNCT
ajfa-18589	125	1	journal	journal	NOUN
ajfa-18589	125	2	of	of	ADP
ajfa-18589	125	3	political	political	ADJ
ajfa-18589	125	4	economy	economy	NOUN
ajfa-18589	125	5	,	,	PUNCT
ajfa-18589	125	6	81(3	81(3	NUM
ajfa-18589	125	7	)	)	PUNCT
ajfa-18589	125	8	,	,	PUNCT
ajfa-18589	125	9	607	607	NUM
ajfa-18589	125	10	-	-	SYM
ajfa-18589	125	11	636	636	NUM
ajfa-18589	125	12	.	.	PUNCT
ajfa-18589	126	1	https://doi.org/10.1086/260061	https://doi.org/10.1086/260061	X
ajfa-18589	126	2	gibbons	gibbon	NOUN
ajfa-18589	126	3	,	,	PUNCT
ajfa-18589	126	4	m.	m.	PROPN
ajfa-18589	126	5	r.	r.	PROPN
ajfa-18589	126	6	(	(	PUNCT
ajfa-18589	126	7	1988	1988	NUM
ajfa-18589	126	8	)	)	PUNCT
ajfa-18589	126	9	.	.	PUNCT
ajfa-18589	127	1	multivariate	multivariate	NOUN
ajfa-18589	127	2	tests	test	NOUN
ajfa-18589	127	3	of	of	ADP
ajfa-18589	127	4	financial	financial	ADJ
ajfa-18589	127	5	models	model	NOUN
ajfa-18589	127	6	:	:	PUNCT
ajfa-18589	127	7	a	a	DET
ajfa-18589	127	8	new	new	ADJ
ajfa-18589	127	9	approach	approach	NOUN
ajfa-18589	127	10	.	.	PUNCT
ajfa-18589	128	1	journal	journal	NOUN
ajfa-18589	128	2	of	of	ADP
ajfa-18589	128	3	financial	financial	ADJ
ajfa-18589	128	4	economics	economic	NOUN
ajfa-18589	128	5	,	,	PUNCT
ajfa-18589	128	6	10(1	10(1	NUM
ajfa-18589	128	7	)	)	PUNCT
ajfa-18589	128	8	,	,	PUNCT
ajfa-18589	128	9	3	3	NUM
ajfa-18589	128	10	-	-	SYM
ajfa-18589	128	11	27	27	NUM
ajfa-18589	128	12	.	.	PUNCT
ajfa-18589	129	1	https://doi.org/10.1016/0304-405x(82)90028-9	https://doi.org/10.1016/0304-405x(82)90028-9	PROPN
ajfa-18589	129	2	jegadeesh	jegadeesh	NOUN
ajfa-18589	129	3	,	,	PUNCT
ajfa-18589	129	4	n.	n.	NOUN
ajfa-18589	129	5	,	,	PUNCT
ajfa-18589	129	6	&	&	CCONJ
ajfa-18589	129	7	titman	titman	PROPN
ajfa-18589	129	8	,	,	PUNCT
ajfa-18589	129	9	s.	s.	PROPN
ajfa-18589	129	10	(	(	PUNCT
ajfa-18589	129	11	1993	1993	NUM
ajfa-18589	129	12	)	)	PUNCT
ajfa-18589	129	13	.	.	PUNCT
ajfa-18589	130	1	returns	return	NOUN
ajfa-18589	130	2	on	on	ADP
ajfa-18589	130	3	buying	buy	VERB
ajfa-18589	130	4	winners	winner	NOUN
ajfa-18589	130	5	and	and	CCONJ
ajfa-18589	130	6	selling	sell	VERB
ajfa-18589	130	7	losers	loser	NOUN
ajfa-18589	130	8	:	:	PUNCT
ajfa-18589	130	9	implications	implication	NOUN
ajfa-18589	130	10	for	for	ADP
ajfa-18589	130	11	market	market	NOUN
ajfa-18589	130	12	efficiency	efficiency	NOUN
ajfa-18589	130	13	.	.	PUNCT
ajfa-18589	131	1	journal	journal	PROPN
ajfa-18589	131	2	of	of	ADP
ajfa-18589	131	3	finance	finance	NOUN
ajfa-18589	131	4	,	,	PUNCT
ajfa-18589	131	5	48(1	48(1	NOUN
ajfa-18589	131	6	)	)	PUNCT
ajfa-18589	131	7	,	,	PUNCT
ajfa-18589	131	8	64	64	NUM
ajfa-18589	131	9	-	-	SYM
ajfa-18589	131	10	91	91	NUM
ajfa-18589	131	11	.	.	PUNCT
ajfa-18589	132	1	https://doi.org/10.1111/j.15406261.1993.tb04702.x	https://doi.org/10.1111/j.15406261.1993.tb04702.x	PROPN
ajfa-18589	132	2	asian	asian	ADJ
ajfa-18589	132	3	journal	journal	PROPN
ajfa-18589	132	4	of	of	ADP
ajfa-18589	132	5	finance	finance	PROPN
ajfa-18589	132	6	&	&	CCONJ
ajfa-18589	132	7	accounting	accounting	PROPN
ajfa-18589	132	8	issn	issn	PROPN
ajfa-18589	132	9	1946	1946	NUM
ajfa-18589	132	10	-	-	PUNCT
ajfa-18589	132	11	052x	052x	NOUN
ajfa-18589	132	12	2021	2021	NUM
ajfa-18589	132	13	,	,	PUNCT
ajfa-18589	132	14	vol	vol	NOUN
ajfa-18589	132	15	.	.	PROPN
ajfa-18589	132	16	13	13	NUM
ajfa-18589	132	17	,	,	PUNCT
ajfa-18589	132	18	no	no	INTJ
ajfa-18589	132	19	.	.	NOUN
ajfa-18589	132	20	1	1	NUM
ajfa-18589	132	21	ajfa.macrothink.org/	ajfa.macrothink.org/	PROPN
ajfa-18589	132	22	44	44	NUM
ajfa-18589	132	23	mcdonald	mcdonald	PROPN
ajfa-18589	132	24	,	,	PUNCT
ajfa-18589	132	25	b.	b.	PROPN
ajfa-18589	132	26	,	,	PUNCT
ajfa-18589	132	27	&	&	CCONJ
ajfa-18589	132	28	lee	lee	PROPN
ajfa-18589	132	29	,	,	PUNCT
ajfa-18589	132	30	c.-f	c.-f	NOUN
ajfa-18589	132	31	.	.	PUNCT
ajfa-18589	133	1	(	(	PUNCT
ajfa-18589	133	2	1988	1988	NUM
ajfa-18589	133	3	)	)	PUNCT
ajfa-18589	133	4	.	.	PUNCT
ajfa-18589	134	1	an	an	DET
ajfa-18589	134	2	analysis	analysis	NOUN
ajfa-18589	134	3	of	of	ADP
ajfa-18589	134	4	nonlinearities	nonlinearitie	NOUN
ajfa-18589	134	5	,	,	PUNCT
ajfa-18589	134	6	heteroskedasticity	heteroskedasticity	NOUN
ajfa-18589	134	7	and	and	CCONJ
ajfa-18589	134	8	functional	functional	ADJ
ajfa-18589	134	9	form	form	NOUN
ajfa-18589	134	10	in	in	ADP
ajfa-18589	134	11	the	the	DET
ajfa-18589	134	12	market	market	NOUN
ajfa-18589	134	13	model	model	NOUN
ajfa-18589	134	14	.	.	PUNCT
ajfa-18589	135	1	journal	journal	PROPN
ajfa-18589	135	2	of	of	ADP
ajfa-18589	135	3	business	business	NOUN
ajfa-18589	135	4	and	and	CCONJ
ajfa-18589	135	5	economic	economic	ADJ
ajfa-18589	135	6	statistics	statistic	NOUN
ajfa-18589	135	7	,	,	PUNCT
ajfa-18589	135	8	6	6	NUM
ajfa-18589	135	9	,	,	PUNCT
ajfa-18589	135	10	505	505	NUM
ajfa-18589	135	11	-	-	SYM
ajfa-18589	135	12	509	509	NUM
ajfa-18589	135	13	.	.	PUNCT
ajfa-18589	136	1	https://doi.org/10.1080/07350015.1988.10509699	https://doi.org/10.1080/07350015.1988.10509699	PROPN
ajfa-18589	136	2	mills	mills	PROPN
ajfa-18589	136	3	,	,	PUNCT
ajfa-18589	136	4	t.c	t.c	PROPN
ajfa-18589	136	5	.	.	PROPN
ajfa-18589	136	6	(	(	PUNCT
ajfa-18589	136	7	1995	1995	NUM
ajfa-18589	136	8	)	)	PUNCT
ajfa-18589	136	9	.	.	PUNCT
ajfa-18589	137	1	the	the	DET
ajfa-18589	137	2	econometrics	econometric	NOUN
ajfa-18589	137	3	of	of	ADP
ajfa-18589	137	4	the	the	DET
ajfa-18589	137	5	‘	'	PUNCT
ajfa-18589	137	6	market	market	NOUN
ajfa-18589	137	7	model	model	NOUN
ajfa-18589	137	8	’	'	PUNCT
ajfa-18589	137	9	:	:	PUNCT
ajfa-18589	137	10	cointegration	cointegration	NOUN
ajfa-18589	137	11	,	,	PUNCT
ajfa-18589	137	12	error	error	NOUN
ajfa-18589	137	13	correction	correction	NOUN
ajfa-18589	137	14	and	and	CCONJ
ajfa-18589	137	15	exogeneity	exogeneity	NOUN
ajfa-18589	137	16	.	.	PUNCT
ajfa-18589	138	1	international	international	ADJ
ajfa-18589	138	2	journal	journal	PROPN
ajfa-18589	138	3	of	of	ADP
ajfa-18589	138	4	finance	finance	NOUN
ajfa-18589	138	5	economics	economic	NOUN
ajfa-18589	138	6	,	,	PUNCT
ajfa-18589	138	7	1(4	1(4	NUM
ajfa-18589	138	8	)	)	PUNCT
ajfa-18589	138	9	,	,	PUNCT
ajfa-18589	138	10	275	275	NUM
ajfa-18589	138	11	-	-	SYM
ajfa-18589	138	12	286	286	NUM
ajfa-18589	138	13	.	.	PUNCT
ajfa-18589	139	1	ross	ross	PROPN
ajfa-18589	139	2	,	,	PUNCT
ajfa-18589	139	3	s.	s.	PROPN
ajfa-18589	139	4	a.	a.	PROPN
ajfa-18589	139	5	(	(	PUNCT
ajfa-18589	139	6	1976	1976	NUM
ajfa-18589	139	7	)	)	PUNCT
ajfa-18589	139	8	.	.	PUNCT
ajfa-18589	140	1	the	the	DET
ajfa-18589	140	2	arbitrage	arbitrage	NOUN
ajfa-18589	140	3	theory	theory	NOUN
ajfa-18589	140	4	of	of	ADP
ajfa-18589	140	5	capital	capital	NOUN
ajfa-18589	140	6	asset	asset	NOUN
ajfa-18589	140	7	pricing	pricing	NOUN
ajfa-18589	140	8	.	.	PUNCT
ajfa-18589	141	1	journal	journal	NOUN
ajfa-18589	141	2	of	of	ADP
ajfa-18589	141	3	economic	economic	ADJ
ajfa-18589	141	4	theory	theory	NOUN
ajfa-18589	141	5	,	,	PUNCT
ajfa-18589	141	6	13(3	13(3	NUM
ajfa-18589	141	7	)	)	PUNCT
ajfa-18589	141	8	,	,	PUNCT
ajfa-18589	141	9	341	341	NUM
ajfa-18589	141	10	-	-	SYM
ajfa-18589	141	11	360	360	NUM
ajfa-18589	141	12	.	.	PUNCT
ajfa-18589	142	1	https://doi.org/10.1016/0022-0531(76)90046-6	https://doi.org/10.1016/0022-0531(76)90046-6	PROPN
ajfa-18589	142	2	sharpe	sharpe	PROPN
ajfa-18589	142	3	,	,	PUNCT
ajfa-18589	142	4	w.	w.	PROPN
ajfa-18589	142	5	f.	f.	PROPN
ajfa-18589	142	6	(	(	PUNCT
ajfa-18589	142	7	1963	1963	NUM
ajfa-18589	142	8	)	)	PUNCT
ajfa-18589	142	9	.	.	PUNCT
ajfa-18589	143	1	a	a	DET
ajfa-18589	143	2	simplified	simplified	ADJ
ajfa-18589	143	3	model	model	NOUN
ajfa-18589	143	4	for	for	ADP
ajfa-18589	143	5	portfolio	portfolio	NOUN
ajfa-18589	143	6	analysis	analysis	NOUN
ajfa-18589	143	7	.	.	PUNCT
ajfa-18589	144	1	management	management	NOUN
ajfa-18589	144	2	science	science	NOUN
ajfa-18589	144	3	,	,	PUNCT
ajfa-18589	144	4	9(2	9(2	NUM
ajfa-18589	144	5	)	)	PUNCT
ajfa-18589	144	6	,	,	PUNCT
ajfa-18589	144	7	277	277	NUM
ajfa-18589	144	8	-	-	SYM
ajfa-18589	144	9	293	293	NUM
ajfa-18589	144	10	.	.	PUNCT
ajfa-18589	145	1	https://doi.org/10.1287/mnsc.9.2.277	https://doi.org/10.1287/mnsc.9.2.277	PROPN
ajfa-18589	145	2	soufian	soufian	NOUN
ajfa-18589	145	3	,	,	PUNCT
ajfa-18589	145	4	n.	n.	PROPN
ajfa-18589	145	5	(	(	PUNCT
ajfa-18589	145	6	2001	2001	NUM
ajfa-18589	145	7	)	)	PUNCT
ajfa-18589	145	8	.	.	PUNCT
ajfa-18589	146	1	empirical	empirical	ADJ
ajfa-18589	146	2	content	content	NOUN
ajfa-18589	146	3	of	of	ADP
ajfa-18589	146	4	capital	capital	NOUN
ajfa-18589	146	5	asset	asset	NOUN
ajfa-18589	146	6	pricing	pricing	NOUN
ajfa-18589	146	7	model	model	NOUN
ajfa-18589	146	8	(	(	PUNCT
ajfa-18589	146	9	capm	capm	PROPN
ajfa-18589	146	10	)	)	PUNCT
ajfa-18589	146	11	and	and	CCONJ
ajfa-18589	146	12	arbitrage	arbitrage	NOUN
ajfa-18589	146	13	pricing	pricing	NOUN
ajfa-18589	146	14	theory	theory	NOUN
ajfa-18589	146	15	(	(	PUNCT
ajfa-18589	146	16	apt	apt	ADJ
ajfa-18589	146	17	)	)	PUNCT
ajfa-18589	146	18	across	across	ADP
ajfa-18589	146	19	time	time	NOUN
ajfa-18589	146	20	.	.	PUNCT
ajfa-18589	147	1	manchester	manchester	PROPN
ajfa-18589	147	2	metropolitan	metropolitan	PROPN
ajfa-18589	147	3	university	university	PROPN
ajfa-18589	147	4	business	business	NOUN
ajfa-18589	147	5	school	school	NOUN
ajfa-18589	147	6	working	working	PROPN
ajfa-18589	147	7	paper	paper	NOUN
ajfa-18589	147	8	series	series	NOUN
ajfa-18589	147	9	,	,	PUNCT
ajfa-18589	147	10	wps010	wps010	PROPN
ajfa-18589	147	11	.	.	PUNCT