id	sid	tid	token	lemma	pos
ajfa-3012	1	1	microsoft	microsoft	PROPN
ajfa-3012	1	2	word	word	PROPN
ajfa-3012	1	3	3012-11548-1-sm-writer2-new.docx	3012-11548-1-sm-writer2-new.docx	NUM
ajfa-3012	1	4	asian	asian	ADJ
ajfa-3012	1	5	journal	journal	NOUN
ajfa-3012	1	6	of	of	ADP
ajfa-3012	1	7	finance	finance	PROPN
ajfa-3012	1	8	&	&	CCONJ
ajfa-3012	1	9	accounting	accounting	PROPN
ajfa-3012	1	10	issn	issn	PROPN
ajfa-3012	1	11	1946	1946	NUM
ajfa-3012	1	12	-	-	PUNCT
ajfa-3012	1	13	052x	052x	NOUN
ajfa-3012	1	14	2013	2013	NUM
ajfa-3012	1	15	,	,	PUNCT
ajfa-3012	1	16	vol	vol	NOUN
ajfa-3012	1	17	.	.	PROPN
ajfa-3012	1	18	5	5	NUM
ajfa-3012	1	19	,	,	PUNCT
ajfa-3012	1	20	no	no	INTJ
ajfa-3012	1	21	.	.	NOUN
ajfa-3012	1	22	1	1	NUM
ajfa-3012	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	1	24	365	365	NUM
ajfa-3012	1	25	determinants	determinant	NOUN
ajfa-3012	1	26	of	of	ADP
ajfa-3012	1	27	commercial	commercial	ADJ
ajfa-3012	1	28	bank	bank	NOUN
ajfa-3012	1	29	profitability	profitability	NOUN
ajfa-3012	1	30	:	:	PUNCT
ajfa-3012	1	31	south	south	ADJ
ajfa-3012	1	32	asian	asian	ADJ
ajfa-3012	1	33	evidence	evidence	NOUN
ajfa-3012	1	34	shrimal	shrimal	PROPN
ajfa-3012	1	35	perera	perera	PROPN
ajfa-3012	1	36	monash	monash	PROPN
ajfa-3012	1	37	university	university	PROPN
ajfa-3012	1	38	,	,	PUNCT
ajfa-3012	1	39	caulfield	caulfield	PROPN
ajfa-3012	1	40	east	east	PROPN
ajfa-3012	1	41	,	,	PUNCT
ajfa-3012	1	42	victoria	victoria	PROPN
ajfa-3012	1	43	3145	3145	NUM
ajfa-3012	1	44	australia	australia	PROPN
ajfa-3012	1	45	michael	michael	PROPN
ajfa-3012	1	46	skully	skully	PROPN
ajfa-3012	1	47	monash	monash	PROPN
ajfa-3012	1	48	university	university	PROPN
ajfa-3012	1	49	,	,	PUNCT
ajfa-3012	1	50	caulfield	caulfield	PROPN
ajfa-3012	1	51	east	east	PROPN
ajfa-3012	1	52	,	,	PUNCT
ajfa-3012	1	53	victoria	victoria	PROPN
ajfa-3012	1	54	3145	3145	NUM
ajfa-3012	1	55	australia	australia	PROPN
ajfa-3012	1	56	zahida	zahida	PROPN
ajfa-3012	1	57	chaudhry	chaudhry	PROPN
ajfa-3012	1	58	monash	monash	PROPN
ajfa-3012	1	59	university	university	PROPN
ajfa-3012	1	60	,	,	PUNCT
ajfa-3012	1	61	caulfield	caulfield	PROPN
ajfa-3012	1	62	east	east	PROPN
ajfa-3012	1	63	,	,	PUNCT
ajfa-3012	1	64	victoria	victoria	PROPN
ajfa-3012	1	65	3145	3145	NUM
ajfa-3012	1	66	australia	australia	PROPN
ajfa-3012	1	67	received	receive	VERB
ajfa-3012	1	68	:	:	PUNCT
ajfa-3012	1	69	jan	jan	PROPN
ajfa-3012	1	70	7	7	NUM
ajfa-3012	1	71	,	,	PUNCT
ajfa-3012	1	72	2013	2013	NUM
ajfa-3012	1	73	accepted	accept	VERB
ajfa-3012	1	74	:	:	PUNCT
ajfa-3012	1	75	march	march	PROPN
ajfa-3012	1	76	19	19	NUM
ajfa-3012	1	77	,	,	PUNCT
ajfa-3012	1	78	2013	2013	NUM
ajfa-3012	1	79	published	publish	VERB
ajfa-3012	1	80	:	:	PUNCT
ajfa-3012	1	81	june	june	PROPN
ajfa-3012	1	82	1	1	NUM
ajfa-3012	1	83	,	,	PUNCT
ajfa-3012	2	1	2013	2013	NUM
ajfa-3012	2	2	doi:10.5296	doi:10.5296	NOUN
ajfa-3012	2	3	/	/	SYM
ajfa-3012	2	4	ajfa.v5i1.3012	ajfa.v5i1.3012	NUM
ajfa-3012	2	5	url	url	NOUN
ajfa-3012	2	6	:	:	PUNCT
ajfa-3012	2	7	http://dx.doi.org/10.5296/ajfa.v5i1.3012	http://dx.doi.org/10.5296/ajfa.v5i1.3012	NOUN
ajfa-3012	2	8	abstract	abstract	NOUN
ajfa-3012	2	9	this	this	DET
ajfa-3012	2	10	study	study	NOUN
ajfa-3012	2	11	investigates	investigate	VERB
ajfa-3012	2	12	the	the	DET
ajfa-3012	2	13	bank	bank	NOUN
ajfa-3012	2	14	-	-	PUNCT
ajfa-3012	2	15	specific	specific	ADJ
ajfa-3012	2	16	and	and	CCONJ
ajfa-3012	2	17	other	other	ADJ
ajfa-3012	2	18	determinants	determinant	NOUN
ajfa-3012	2	19	of	of	ADP
ajfa-3012	2	20	commercial	commercial	ADJ
ajfa-3012	2	21	bank	bank	NOUN
ajfa-3012	2	22	profitability	profitability	NOUN
ajfa-3012	2	23	in	in	ADP
ajfa-3012	2	24	selected	select	VERB
ajfa-3012	2	25	south	south	ADJ
ajfa-3012	2	26	asian	asian	ADJ
ajfa-3012	2	27	countries	country	NOUN
ajfa-3012	2	28	(	(	PUNCT
ajfa-3012	2	29	bangladesh	bangladesh	PROPN
ajfa-3012	2	30	,	,	PUNCT
ajfa-3012	2	31	india	india	PROPN
ajfa-3012	2	32	,	,	PUNCT
ajfa-3012	2	33	pakistan	pakistan	PROPN
ajfa-3012	2	34	and	and	CCONJ
ajfa-3012	2	35	sri	sri	PROPN
ajfa-3012	2	36	lanka	lanka	PROPN
ajfa-3012	2	37	)	)	PUNCT
ajfa-3012	2	38	.	.	PUNCT
ajfa-3012	3	1	the	the	DET
ajfa-3012	3	2	single	single	ADJ
ajfa-3012	3	3	-	-	PUNCT
ajfa-3012	3	4	equation	equation	NOUN
ajfa-3012	3	5	,	,	PUNCT
ajfa-3012	3	6	dynamic	dynamic	ADJ
ajfa-3012	3	7	panel	panel	NOUN
ajfa-3012	3	8	data	datum	NOUN
ajfa-3012	3	9	procedure	procedure	NOUN
ajfa-3012	3	10	employed	employ	VERB
ajfa-3012	3	11	accommodates	accommodate	VERB
ajfa-3012	3	12	explicit	explicit	ADJ
ajfa-3012	3	13	measures	measure	NOUN
ajfa-3012	3	14	of	of	ADP
ajfa-3012	3	15	production	production	NOUN
ajfa-3012	3	16	efficiency	efficiency	NOUN
ajfa-3012	3	17	,	,	PUNCT
ajfa-3012	3	18	industry	industry	NOUN
ajfa-3012	3	19	competition	competition	NOUN
ajfa-3012	3	20	,	,	PUNCT
ajfa-3012	3	21	profit	profit	NOUN
ajfa-3012	3	22	persistence	persistence	NOUN
ajfa-3012	3	23	and	and	CCONJ
ajfa-3012	3	24	country	country	NOUN
ajfa-3012	3	25	-	-	PUNCT
ajfa-3012	3	26	specific	specific	ADJ
ajfa-3012	3	27	differences	difference	NOUN
ajfa-3012	3	28	in	in	ADP
ajfa-3012	3	29	governance	governance	NOUN
ajfa-3012	3	30	.	.	PUNCT
ajfa-3012	4	1	the	the	DET
ajfa-3012	4	2	findings	finding	NOUN
ajfa-3012	4	3	reveal	reveal	VERB
ajfa-3012	4	4	profit	profit	NOUN
ajfa-3012	4	5	persistence	persistence	NOUN
ajfa-3012	4	6	in	in	ADP
ajfa-3012	4	7	south	south	ADJ
ajfa-3012	4	8	asian	asian	ADJ
ajfa-3012	4	9	banking	banking	NOUN
ajfa-3012	4	10	markets	market	NOUN
ajfa-3012	4	11	.	.	PUNCT
ajfa-3012	5	1	even	even	ADV
ajfa-3012	5	2	though	though	SCONJ
ajfa-3012	5	3	increasing	increase	VERB
ajfa-3012	5	4	competition	competition	NOUN
ajfa-3012	5	5	exerts	exert	VERB
ajfa-3012	5	6	negative	negative	ADJ
ajfa-3012	5	7	pressure	pressure	NOUN
ajfa-3012	5	8	on	on	ADP
ajfa-3012	5	9	bank	bank	NOUN
ajfa-3012	5	10	profitability	profitability	NOUN
ajfa-3012	5	11	,	,	PUNCT
ajfa-3012	5	12	high	high	ADJ
ajfa-3012	5	13	industry	industry	NOUN
ajfa-3012	5	14	concentration	concentration	NOUN
ajfa-3012	5	15	still	still	ADV
ajfa-3012	5	16	allows	allow	VERB
ajfa-3012	5	17	these	these	DET
ajfa-3012	5	18	banks	bank	NOUN
ajfa-3012	5	19	to	to	PART
ajfa-3012	5	20	earn	earn	VERB
ajfa-3012	5	21	higher	high	ADJ
ajfa-3012	5	22	profits	profit	NOUN
ajfa-3012	5	23	.	.	PUNCT
ajfa-3012	6	1	the	the	DET
ajfa-3012	6	2	well	well	ADV
ajfa-3012	6	3	-	-	PUNCT
ajfa-3012	6	4	capitalised	capitalise	VERB
ajfa-3012	6	5	banks	bank	NOUN
ajfa-3012	6	6	and	and	CCONJ
ajfa-3012	6	7	those	those	PRON
ajfa-3012	6	8	with	with	ADP
ajfa-3012	6	9	relatively	relatively	ADV
ajfa-3012	6	10	more	more	ADV
ajfa-3012	6	11	efficient	efficient	ADJ
ajfa-3012	6	12	production	production	NOUN
ajfa-3012	6	13	processes	process	NOUN
ajfa-3012	6	14	are	be	AUX
ajfa-3012	6	15	the	the	DET
ajfa-3012	6	16	more	more	ADV
ajfa-3012	6	17	profitable	profitable	ADJ
ajfa-3012	6	18	.	.	PUNCT
ajfa-3012	7	1	south	south	ADJ
ajfa-3012	7	2	asian	asian	ADJ
ajfa-3012	7	3	banks	bank	NOUN
ajfa-3012	7	4	also	also	ADV
ajfa-3012	7	5	seem	seem	VERB
ajfa-3012	7	6	to	to	PART
ajfa-3012	7	7	experience	experience	VERB
ajfa-3012	7	8	economies	economy	NOUN
ajfa-3012	7	9	of	of	ADP
ajfa-3012	7	10	scale	scale	NOUN
ajfa-3012	7	11	as	as	SCONJ
ajfa-3012	7	12	bank	bank	NOUN
ajfa-3012	7	13	size	size	NOUN
ajfa-3012	7	14	is	be	AUX
ajfa-3012	7	15	positively	positively	ADV
ajfa-3012	7	16	associated	associate	VERB
ajfa-3012	7	17	with	with	ADP
ajfa-3012	7	18	profitability	profitability	NOUN
ajfa-3012	7	19	.	.	PUNCT
ajfa-3012	8	1	the	the	DET
ajfa-3012	8	2	results	result	NOUN
ajfa-3012	8	3	also	also	ADV
ajfa-3012	8	4	indicate	indicate	VERB
ajfa-3012	8	5	that	that	PRON
ajfa-3012	8	6	slack	slack	VERB
ajfa-3012	8	7	legal	legal	ADJ
ajfa-3012	8	8	systems	system	NOUN
ajfa-3012	8	9	in	in	ADP
ajfa-3012	8	10	these	these	DET
ajfa-3012	8	11	countries	country	NOUN
ajfa-3012	8	12	(	(	PUNCT
ajfa-3012	8	13	leading	lead	VERB
ajfa-3012	8	14	to	to	ADP
ajfa-3012	8	15	inferior	inferior	ADJ
ajfa-3012	8	16	contract	contract	NOUN
ajfa-3012	8	17	enforcement	enforcement	NOUN
ajfa-3012	8	18	)	)	PUNCT
ajfa-3012	8	19	positively	positively	ADV
ajfa-3012	8	20	affect	affect	VERB
ajfa-3012	8	21	profits	profit	NOUN
ajfa-3012	8	22	as	as	SCONJ
ajfa-3012	8	23	banks	bank	NOUN
ajfa-3012	8	24	probably	probably	ADV
ajfa-3012	8	25	require	require	VERB
ajfa-3012	8	26	higher	high	ADJ
ajfa-3012	8	27	risk	risk	NOUN
ajfa-3012	8	28	premiums	premium	NOUN
ajfa-3012	8	29	on	on	ADP
ajfa-3012	8	30	their	their	PRON
ajfa-3012	8	31	loan	loan	NOUN
ajfa-3012	8	32	contracts	contract	NOUN
ajfa-3012	8	33	.	.	PUNCT
ajfa-3012	9	1	keywords	keyword	NOUN
ajfa-3012	9	2	:	:	PUNCT
ajfa-3012	9	3	bank	bank	NOUN
ajfa-3012	9	4	profitability	profitability	NOUN
ajfa-3012	9	5	,	,	PUNCT
ajfa-3012	9	6	competition	competition	NOUN
ajfa-3012	9	7	,	,	PUNCT
ajfa-3012	9	8	profit	profit	NOUN
ajfa-3012	9	9	persistence	persistence	NOUN
ajfa-3012	9	10	,	,	PUNCT
ajfa-3012	9	11	south	south	PROPN
ajfa-3012	9	12	asia	asia	PROPN
ajfa-3012	9	13	,	,	PUNCT
ajfa-3012	9	14	banking	banking	NOUN
ajfa-3012	9	15	asian	asian	ADJ
ajfa-3012	9	16	journal	journal	NOUN
ajfa-3012	9	17	of	of	ADP
ajfa-3012	9	18	finance	finance	PROPN
ajfa-3012	9	19	&	&	CCONJ
ajfa-3012	9	20	accounting	accounting	PROPN
ajfa-3012	9	21	issn	issn	PROPN
ajfa-3012	9	22	1946	1946	NUM
ajfa-3012	9	23	-	-	PUNCT
ajfa-3012	9	24	052x	052x	NOUN
ajfa-3012	9	25	2013	2013	NUM
ajfa-3012	9	26	,	,	PUNCT
ajfa-3012	9	27	vol	vol	NOUN
ajfa-3012	9	28	.	.	PROPN
ajfa-3012	9	29	5	5	NUM
ajfa-3012	9	30	,	,	PUNCT
ajfa-3012	9	31	no	no	INTJ
ajfa-3012	9	32	.	.	NOUN
ajfa-3012	9	33	1	1	NUM
ajfa-3012	9	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	9	35	366	366	NUM
ajfa-3012	9	36	1	1	NUM
ajfa-3012	9	37	.	.	PUNCT
ajfa-3012	10	1	introduction	introduction	NOUN
ajfa-3012	10	2	south	south	ADJ
ajfa-3012	10	3	asian	asian	ADJ
ajfa-3012	10	4	financial	financial	ADJ
ajfa-3012	10	5	markets	market	NOUN
ajfa-3012	10	6	are	be	AUX
ajfa-3012	10	7	in	in	ADP
ajfa-3012	10	8	transition	transition	NOUN
ajfa-3012	10	9	as	as	SCONJ
ajfa-3012	10	10	deregulation	deregulation	NOUN
ajfa-3012	10	11	and	and	CCONJ
ajfa-3012	10	12	liberalization	liberalization	NOUN
ajfa-3012	10	13	measures	measure	NOUN
ajfa-3012	10	14	stimulate	stimulate	VERB
ajfa-3012	10	15	and	and	CCONJ
ajfa-3012	10	16	facilitate	facilitate	VERB
ajfa-3012	10	17	greater	great	ADJ
ajfa-3012	10	18	competition	competition	NOUN
ajfa-3012	10	19	,	,	PUNCT
ajfa-3012	10	20	improve	improve	VERB
ajfa-3012	10	21	operational	operational	ADJ
ajfa-3012	10	22	transparency	transparency	NOUN
ajfa-3012	10	23	,	,	PUNCT
ajfa-3012	10	24	streamline	streamline	VERB
ajfa-3012	10	25	regulatory	regulatory	ADJ
ajfa-3012	10	26	policies	policy	NOUN
ajfa-3012	10	27	and	and	CCONJ
ajfa-3012	10	28	achieve	achieve	VERB
ajfa-3012	10	29	higher	high	ADJ
ajfa-3012	10	30	efficiency	efficiency	NOUN
ajfa-3012	10	31	levels	level	NOUN
ajfa-3012	10	32	(	(	PUNCT
ajfa-3012	10	33	central	central	ADJ
ajfa-3012	10	34	bank	bank	NOUN
ajfa-3012	10	35	of	of	ADP
ajfa-3012	10	36	sri	sri	PROPN
ajfa-3012	10	37	lanka	lanka	PROPN
ajfa-3012	10	38	2009	2009	NUM
ajfa-3012	10	39	;	;	PUNCT
ajfa-3012	10	40	bangladesh	bangladesh	PROPN
ajfa-3012	10	41	bank	bank	PROPN
ajfa-3012	10	42	2009	2009	NUM
ajfa-3012	10	43	)	)	PUNCT
ajfa-3012	10	44	.	.	PUNCT
ajfa-3012	11	1	in	in	ADP
ajfa-3012	11	2	addition	addition	NOUN
ajfa-3012	11	3	,	,	PUNCT
ajfa-3012	11	4	the	the	DET
ajfa-3012	11	5	south	south	ADJ
ajfa-3012	11	6	asian	asian	PROPN
ajfa-3012	11	7	association	association	PROPN
ajfa-3012	11	8	for	for	ADP
ajfa-3012	11	9	regional	regional	ADJ
ajfa-3012	11	10	cooperation	cooperation	NOUN
ajfa-3012	11	11	(	(	PUNCT
ajfa-3012	11	12	saarc	saarc	PROPN
ajfa-3012	11	13	)	)	PUNCT
ajfa-3012	11	14	and	and	CCONJ
ajfa-3012	11	15	its	its	PRON
ajfa-3012	11	16	south	south	ADJ
ajfa-3012	11	17	asian	asian	ADJ
ajfa-3012	11	18	free	free	ADJ
ajfa-3012	11	19	trade	trade	NOUN
ajfa-3012	11	20	agreement	agreement	NOUN
ajfa-3012	11	21	(	(	PUNCT
ajfa-3012	11	22	safta	safta	ADV
ajfa-3012	11	23	)	)	PUNCT
ajfa-3012	11	24	seeks	seek	VERB
ajfa-3012	11	25	more	more	ADJ
ajfa-3012	11	26	cross	cross	ADJ
ajfa-3012	11	27	-	-	ADJ
ajfa-3012	11	28	border	border	ADJ
ajfa-3012	11	29	trade	trade	NOUN
ajfa-3012	11	30	and	and	CCONJ
ajfa-3012	11	31	competition	competition	NOUN
ajfa-3012	11	32	in	in	ADP
ajfa-3012	11	33	financial	financial	ADJ
ajfa-3012	11	34	services	service	NOUN
ajfa-3012	11	35	.	.	PUNCT
ajfa-3012	12	1	this	this	DET
ajfa-3012	12	2	objective	objective	NOUN
ajfa-3012	12	3	is	be	AUX
ajfa-3012	12	4	reinforced	reinforce	VERB
ajfa-3012	12	5	further	far	ADV
ajfa-3012	12	6	by	by	ADP
ajfa-3012	12	7	a	a	DET
ajfa-3012	12	8	range	range	NOUN
ajfa-3012	12	9	of	of	ADP
ajfa-3012	12	10	bilateral	bilateral	ADJ
ajfa-3012	12	11	trade	trade	NOUN
ajfa-3012	12	12	agreements	agreement	NOUN
ajfa-3012	12	13	affording	afford	VERB
ajfa-3012	12	14	even	even	ADV
ajfa-3012	12	15	greater	great	ADJ
ajfa-3012	12	16	access	access	NOUN
ajfa-3012	12	17	between	between	ADP
ajfa-3012	12	18	south	south	ADJ
ajfa-3012	12	19	asian	asian	ADJ
ajfa-3012	12	20	financial	financial	ADJ
ajfa-3012	12	21	markets	market	NOUN
ajfa-3012	12	22	.	.	PUNCT
ajfa-3012	13	1	while	while	SCONJ
ajfa-3012	13	2	these	these	DET
ajfa-3012	13	3	regional	regional	ADJ
ajfa-3012	13	4	efforts	effort	NOUN
ajfa-3012	13	5	concentrated	concentrate	VERB
ajfa-3012	13	6	mainly	mainly	ADV
ajfa-3012	13	7	on	on	ADP
ajfa-3012	13	8	the	the	DET
ajfa-3012	13	9	local	local	ADJ
ajfa-3012	13	10	to	to	ADP
ajfa-3012	13	11	local	local	ADJ
ajfa-3012	13	12	access	access	NOUN
ajfa-3012	13	13	,	,	PUNCT
ajfa-3012	13	14	international	international	ADJ
ajfa-3012	13	15	players	player	NOUN
ajfa-3012	13	16	are	be	AUX
ajfa-3012	13	17	also	also	ADV
ajfa-3012	13	18	gaining	gain	VERB
ajfa-3012	13	19	greater	great	ADJ
ajfa-3012	13	20	access	access	NOUN
ajfa-3012	13	21	through	through	ADP
ajfa-3012	13	22	the	the	DET
ajfa-3012	13	23	general	general	ADJ
ajfa-3012	13	24	agreement	agreement	NOUN
ajfa-3012	13	25	on	on	ADP
ajfa-3012	13	26	trade	trade	NOUN
ajfa-3012	13	27	in	in	ADP
ajfa-3012	13	28	services	service	NOUN
ajfa-3012	13	29	(	(	PUNCT
ajfa-3012	13	30	gats	gat	NOUN
ajfa-3012	13	31	)	)	PUNCT
ajfa-3012	13	32	.	.	PUNCT
ajfa-3012	14	1	the	the	DET
ajfa-3012	14	2	gats	gat	NOUN
ajfa-3012	14	3	require	require	VERB
ajfa-3012	14	4	its	its	PRON
ajfa-3012	14	5	members	member	NOUN
ajfa-3012	14	6	ensure	ensure	VERB
ajfa-3012	14	7	‘	'	PUNCT
ajfa-3012	14	8	level	level	ADJ
ajfa-3012	14	9	playing	playing	NOUN
ajfa-3012	14	10	fields	field	NOUN
ajfa-3012	14	11	’	'	PUNCT
ajfa-3012	14	12	in	in	ADP
ajfa-3012	14	13	financial	financial	ADJ
ajfa-3012	14	14	services	service	NOUN
ajfa-3012	14	15	by	by	ADP
ajfa-3012	14	16	removing	remove	VERB
ajfa-3012	14	17	discriminatory	discriminatory	ADJ
ajfa-3012	14	18	policies	policy	NOUN
ajfa-3012	14	19	against	against	ADP
ajfa-3012	14	20	foreign	foreign	ADJ
ajfa-3012	14	21	banks	bank	NOUN
ajfa-3012	14	22	,	,	PUNCT
ajfa-3012	14	23	thus	thus	ADV
ajfa-3012	14	24	further	far	ADV
ajfa-3012	14	25	exposing	expose	VERB
ajfa-3012	14	26	the	the	DET
ajfa-3012	14	27	‘	'	PUNCT
ajfa-3012	14	28	protected	protect	VERB
ajfa-3012	14	29	’	'	PUNCT
ajfa-3012	14	30	south	south	ADJ
ajfa-3012	14	31	asian	asian	ADJ
ajfa-3012	14	32	domestic	domestic	ADJ
ajfa-3012	14	33	banks	bank	NOUN
ajfa-3012	14	34	to	to	ADP
ajfa-3012	14	35	new	new	ADJ
ajfa-3012	14	36	competitive	competitive	ADJ
ajfa-3012	14	37	dynamics	dynamic	NOUN
ajfa-3012	14	38	and	and	CCONJ
ajfa-3012	14	39	banking	banking	NOUN
ajfa-3012	14	40	strategies	strategy	NOUN
ajfa-3012	14	41	.	.	PUNCT
ajfa-3012	15	1	moreover	moreover	ADV
ajfa-3012	15	2	,	,	PUNCT
ajfa-3012	15	3	south	south	ADJ
ajfa-3012	15	4	asian	asian	ADJ
ajfa-3012	15	5	governments	government	NOUN
ajfa-3012	15	6	must	must	AUX
ajfa-3012	15	7	also	also	ADV
ajfa-3012	15	8	respond	respond	VERB
ajfa-3012	15	9	to	to	ADP
ajfa-3012	15	10	other	other	ADJ
ajfa-3012	15	11	regulatory	regulatory	ADJ
ajfa-3012	15	12	changes	change	NOUN
ajfa-3012	15	13	within	within	ADP
ajfa-3012	15	14	the	the	DET
ajfa-3012	15	15	increasingly	increasingly	ADV
ajfa-3012	15	16	‘	'	PUNCT
ajfa-3012	15	17	globalizing	globalize	VERB
ajfa-3012	15	18	’	'	PUNCT
ajfa-3012	15	19	financial	financial	ADJ
ajfa-3012	15	20	markets	market	NOUN
ajfa-3012	15	21	.	.	PUNCT
ajfa-3012	16	1	these	these	PRON
ajfa-3012	16	2	include	include	VERB
ajfa-3012	16	3	the	the	DET
ajfa-3012	16	4	basel	basel	PROPN
ajfa-3012	16	5	accord	accord	NOUN
ajfa-3012	16	6	capital	capital	NOUN
ajfa-3012	16	7	adequacy	adequacy	NOUN
ajfa-3012	16	8	requirements	requirement	NOUN
ajfa-3012	16	9	,	,	PUNCT
ajfa-3012	16	10	international	international	ADJ
ajfa-3012	16	11	accounting	accounting	NOUN
ajfa-3012	16	12	and	and	CCONJ
ajfa-3012	16	13	auditing	auditing	NOUN
ajfa-3012	16	14	standards	standard	NOUN
ajfa-3012	16	15	and	and	CCONJ
ajfa-3012	16	16	practices	practice	NOUN
ajfa-3012	16	17	,	,	PUNCT
ajfa-3012	16	18	and	and	CCONJ
ajfa-3012	16	19	self	self	NOUN
ajfa-3012	16	20	regulation	regulation	NOUN
ajfa-3012	16	21	and	and	CCONJ
ajfa-3012	16	22	market	market	NOUN
ajfa-3012	16	23	discipline	discipline	NOUN
ajfa-3012	16	24	etc	etc	X
ajfa-3012	16	25	.	.	X
ajfa-3012	16	26	such	such	ADJ
ajfa-3012	16	27	level	level	NOUN
ajfa-3012	16	28	of	of	ADP
ajfa-3012	16	29	change	change	NOUN
ajfa-3012	16	30	within	within	ADP
ajfa-3012	16	31	the	the	DET
ajfa-3012	16	32	region	region	NOUN
ajfa-3012	16	33	offers	offer	VERB
ajfa-3012	16	34	a	a	DET
ajfa-3012	16	35	rich	rich	ADJ
ajfa-3012	16	36	basis	basis	NOUN
ajfa-3012	16	37	for	for	ADP
ajfa-3012	16	38	inquiry	inquiry	NOUN
ajfa-3012	16	39	into	into	ADP
ajfa-3012	16	40	the	the	DET
ajfa-3012	16	41	competitive	competitive	ADJ
ajfa-3012	16	42	dynamics	dynamic	NOUN
ajfa-3012	16	43	,	,	PUNCT
ajfa-3012	16	44	efficiency	efficiency	NOUN
ajfa-3012	16	45	and	and	CCONJ
ajfa-3012	16	46	profitability	profitability	NOUN
ajfa-3012	16	47	of	of	ADP
ajfa-3012	16	48	south	south	ADJ
ajfa-3012	16	49	asian	asian	ADJ
ajfa-3012	16	50	banking	banking	NOUN
ajfa-3012	16	51	systems	system	NOUN
ajfa-3012	16	52	.	.	PUNCT
ajfa-3012	17	1	some	some	DET
ajfa-3012	17	2	prior	prior	ADJ
ajfa-3012	17	3	studies	study	NOUN
ajfa-3012	17	4	have	have	AUX
ajfa-3012	17	5	examined	examine	VERB
ajfa-3012	17	6	the	the	DET
ajfa-3012	17	7	factors	factor	NOUN
ajfa-3012	17	8	affecting	affect	VERB
ajfa-3012	17	9	competitive	competitive	ADJ
ajfa-3012	17	10	dynamics	dynamic	NOUN
ajfa-3012	17	11	and	and	CCONJ
ajfa-3012	17	12	bank	bank	NOUN
ajfa-3012	17	13	production	production	NOUN
ajfa-3012	17	14	efficiency	efficiency	NOUN
ajfa-3012	17	15	in	in	ADP
ajfa-3012	17	16	isolation	isolation	NOUN
ajfa-3012	17	17	ignoring	ignore	VERB
ajfa-3012	17	18	their	their	PRON
ajfa-3012	17	19	impact	impact	NOUN
ajfa-3012	17	20	on	on	ADP
ajfa-3012	17	21	bank	bank	NOUN
ajfa-3012	17	22	earnings	earning	NOUN
ajfa-3012	17	23	and	and	CCONJ
ajfa-3012	17	24	profitability	profitability	NOUN
ajfa-3012	17	25	(	(	PUNCT
ajfa-3012	17	26	see	see	VERB
ajfa-3012	17	27	,	,	PUNCT
ajfa-3012	17	28	perera	perera	PROPN
ajfa-3012	17	29	,	,	PUNCT
ajfa-3012	17	30	skully	skully	ADV
ajfa-3012	17	31	and	and	CCONJ
ajfa-3012	17	32	wickremanayake	wickremanayake	NOUN
ajfa-3012	17	33	2006	2006	NUM
ajfa-3012	17	34	and	and	CCONJ
ajfa-3012	17	35	perera	perera	PROPN
ajfa-3012	17	36	,	,	PUNCT
ajfa-3012	17	37	skully	skully	ADV
ajfa-3012	17	38	and	and	CCONJ
ajfa-3012	17	39	wickremanayake	wickremanayake	NOUN
ajfa-3012	17	40	2007	2007	NUM
ajfa-3012	17	41	)	)	PUNCT
ajfa-3012	17	42	.	.	PUNCT
ajfa-3012	18	1	they	they	PRON
ajfa-3012	18	2	provide	provide	VERB
ajfa-3012	18	3	no	no	DET
ajfa-3012	18	4	direct	direct	ADJ
ajfa-3012	18	5	insights	insight	NOUN
ajfa-3012	18	6	,	,	PUNCT
ajfa-3012	18	7	however	however	ADV
ajfa-3012	18	8	,	,	PUNCT
ajfa-3012	18	9	into	into	ADP
ajfa-3012	18	10	the	the	DET
ajfa-3012	18	11	determinants	determinant	NOUN
ajfa-3012	18	12	of	of	ADP
ajfa-3012	18	13	south	south	ADJ
ajfa-3012	18	14	asian	asian	PROPN
ajfa-3012	18	15	bank	bank	NOUN
ajfa-3012	18	16	profitability	profitability	NOUN
ajfa-3012	18	17	given	give	VERB
ajfa-3012	18	18	changes	change	NOUN
ajfa-3012	18	19	in	in	ADP
ajfa-3012	18	20	bank	bank	NOUN
ajfa-3012	18	21	competition	competition	NOUN
ajfa-3012	18	22	and	and	CCONJ
ajfa-3012	18	23	efficiency	efficiency	NOUN
ajfa-3012	18	24	.	.	PUNCT
ajfa-3012	19	1	thus	thus	ADV
ajfa-3012	19	2	,	,	PUNCT
ajfa-3012	19	3	we	we	PRON
ajfa-3012	19	4	are	be	AUX
ajfa-3012	19	5	motivated	motivated	ADJ
ajfa-3012	19	6	to	to	PART
ajfa-3012	19	7	investigate	investigate	VERB
ajfa-3012	19	8	these	these	DET
ajfa-3012	19	9	determinants	determinant	NOUN
ajfa-3012	19	10	as	as	SCONJ
ajfa-3012	19	11	only	only	ADV
ajfa-3012	19	12	sound	sound	ADJ
ajfa-3012	19	13	and	and	CCONJ
ajfa-3012	19	14	profitable	profitable	ADJ
ajfa-3012	19	15	banking	banking	NOUN
ajfa-3012	19	16	sectors	sector	NOUN
ajfa-3012	19	17	can	can	AUX
ajfa-3012	19	18	endure	endure	VERB
ajfa-3012	19	19	negative	negative	ADJ
ajfa-3012	19	20	shocks	shock	NOUN
ajfa-3012	19	21	and	and	CCONJ
ajfa-3012	19	22	contribute	contribute	VERB
ajfa-3012	19	23	to	to	ADP
ajfa-3012	19	24	stability	stability	NOUN
ajfa-3012	19	25	of	of	ADP
ajfa-3012	19	26	financial	financial	ADJ
ajfa-3012	19	27	systems	system	NOUN
ajfa-3012	19	28	and	and	CCONJ
ajfa-3012	19	29	economic	economic	ADJ
ajfa-3012	19	30	growth	growth	NOUN
ajfa-3012	19	31	.	.	PUNCT
ajfa-3012	20	1	specifically	specifically	ADV
ajfa-3012	20	2	,	,	PUNCT
ajfa-3012	20	3	the	the	DET
ajfa-3012	20	4	following	follow	VERB
ajfa-3012	20	5	research	research	NOUN
ajfa-3012	20	6	question	question	NOUN
ajfa-3012	20	7	is	be	AUX
ajfa-3012	20	8	addressed	address	VERB
ajfa-3012	20	9	:	:	PUNCT
ajfa-3012	20	10	what	what	PRON
ajfa-3012	20	11	bank	bank	NOUN
ajfa-3012	20	12	-	-	PUNCT
ajfa-3012	20	13	specific	specific	ADJ
ajfa-3012	20	14	and	and	CCONJ
ajfa-3012	20	15	external	external	ADJ
ajfa-3012	20	16	factors	factor	NOUN
ajfa-3012	20	17	drive	drive	VERB
ajfa-3012	20	18	south	south	ADJ
ajfa-3012	20	19	asian	asian	PROPN
ajfa-3012	20	20	bank	bank	NOUN
ajfa-3012	20	21	profitability	profitability	NOUN
ajfa-3012	20	22	?	?	PUNCT
ajfa-3012	21	1	our	our	PRON
ajfa-3012	21	2	sample	sample	NOUN
ajfa-3012	21	3	comprises	comprise	NOUN
ajfa-3012	21	4	of	of	ADP
ajfa-3012	21	5	119	119	NUM
ajfa-3012	21	6	domestic	domestic	ADJ
ajfa-3012	21	7	commercial	commercial	ADJ
ajfa-3012	21	8	banks	bank	NOUN
ajfa-3012	21	9	in	in	ADP
ajfa-3012	21	10	four	four	NUM
ajfa-3012	21	11	selected	select	VERB
ajfa-3012	21	12	south	south	ADJ
ajfa-3012	21	13	asian	asian	ADJ
ajfa-3012	21	14	countries	country	NOUN
ajfa-3012	21	15	(	(	PUNCT
ajfa-3012	21	16	bangladesh	bangladesh	PROPN
ajfa-3012	21	17	,	,	PUNCT
ajfa-3012	21	18	india	india	PROPN
ajfa-3012	21	19	,	,	PUNCT
ajfa-3012	21	20	pakistan	pakistan	PROPN
ajfa-3012	21	21	and	and	CCONJ
ajfa-3012	21	22	sri	sri	PROPN
ajfa-3012	21	23	lanka	lanka	PROPN
ajfa-3012	21	24	)	)	PUNCT
ajfa-3012	21	25	over	over	ADP
ajfa-3012	21	26	1992–2007	1992–2007	NUM
ajfa-3012	21	27	with	with	ADP
ajfa-3012	21	28	1,539	1,539	NUM
ajfa-3012	21	29	bank	bank	NOUN
ajfa-3012	21	30	-	-	PUNCT
ajfa-3012	21	31	year	year	NOUN
ajfa-3012	21	32	observations	observation	NOUN
ajfa-3012	21	33	.	.	PUNCT
ajfa-3012	22	1	we	we	PRON
ajfa-3012	22	2	utilise	utilise	VERB
ajfa-3012	22	3	a	a	DET
ajfa-3012	22	4	single	single	ADJ
ajfa-3012	22	5	-	-	PUNCT
ajfa-3012	22	6	equation	equation	NOUN
ajfa-3012	22	7	,	,	PUNCT
ajfa-3012	22	8	dynamic	dynamic	ADJ
ajfa-3012	22	9	panel	panel	NOUN
ajfa-3012	22	10	data	datum	NOUN
ajfa-3012	22	11	procedure	procedure	NOUN
ajfa-3012	22	12	which	which	PRON
ajfa-3012	22	13	accommodates	accommodate	VERB
ajfa-3012	22	14	explicit	explicit	ADJ
ajfa-3012	22	15	measures	measure	NOUN
ajfa-3012	22	16	of	of	ADP
ajfa-3012	22	17	production	production	NOUN
ajfa-3012	22	18	efficiency	efficiency	NOUN
ajfa-3012	22	19	,	,	PUNCT
ajfa-3012	22	20	industry	industry	NOUN
ajfa-3012	22	21	competition	competition	NOUN
ajfa-3012	22	22	,	,	PUNCT
ajfa-3012	22	23	profit	profit	NOUN
ajfa-3012	22	24	persistence	persistence	NOUN
ajfa-3012	22	25	and	and	CCONJ
ajfa-3012	22	26	country	country	NOUN
ajfa-3012	22	27	-	-	PUNCT
ajfa-3012	22	28	specific	specific	ADJ
ajfa-3012	22	29	differences	difference	NOUN
ajfa-3012	22	30	in	in	ADP
ajfa-3012	22	31	governance	governance	NOUN
ajfa-3012	22	32	.	.	PUNCT
ajfa-3012	23	1	we	we	PRON
ajfa-3012	23	2	contribute	contribute	VERB
ajfa-3012	23	3	to	to	ADP
ajfa-3012	23	4	the	the	DET
ajfa-3012	23	5	literature	literature	NOUN
ajfa-3012	23	6	in	in	ADP
ajfa-3012	23	7	several	several	ADJ
ajfa-3012	23	8	ways	way	NOUN
ajfa-3012	23	9	.	.	PUNCT
ajfa-3012	24	1	as	as	ADV
ajfa-3012	24	2	far	far	ADV
ajfa-3012	24	3	as	as	SCONJ
ajfa-3012	24	4	it	it	PRON
ajfa-3012	24	5	could	could	AUX
ajfa-3012	24	6	be	be	AUX
ajfa-3012	24	7	ascertained	ascertain	VERB
ajfa-3012	24	8	,	,	PUNCT
ajfa-3012	24	9	this	this	PRON
ajfa-3012	24	10	is	be	AUX
ajfa-3012	24	11	the	the	DET
ajfa-3012	24	12	first	first	ADJ
ajfa-3012	24	13	study	study	NOUN
ajfa-3012	24	14	to	to	PART
ajfa-3012	24	15	accommodate	accommodate	VERB
ajfa-3012	24	16	possible	possible	ADJ
ajfa-3012	24	17	profit	profit	NOUN
ajfa-3012	24	18	persistence	persistence	NOUN
ajfa-3012	24	19	(	(	PUNCT
ajfa-3012	24	20	given	give	VERB
ajfa-3012	24	21	the	the	DET
ajfa-3012	24	22	high	high	ADJ
ajfa-3012	24	23	level	level	NOUN
ajfa-3012	24	24	of	of	ADP
ajfa-3012	24	25	concentration	concentration	NOUN
ajfa-3012	24	26	in	in	ADP
ajfa-3012	24	27	south	south	ADJ
ajfa-3012	24	28	asian	asian	ADJ
ajfa-3012	24	29	banking	banking	NOUN
ajfa-3012	24	30	markets	market	NOUN
ajfa-3012	24	31	)	)	PUNCT
ajfa-3012	24	32	and	and	CCONJ
ajfa-3012	24	33	for	for	ADP
ajfa-3012	24	34	cross	cross	ADJ
ajfa-3012	24	35	-	-	ADJ
ajfa-3012	24	36	country	country	ADJ
ajfa-3012	24	37	differences	difference	NOUN
ajfa-3012	24	38	in	in	ADP
ajfa-3012	24	39	corruption	corruption	NOUN
ajfa-3012	24	40	and	and	CCONJ
ajfa-3012	24	41	rule	rule	NOUN
ajfa-3012	24	42	of	of	ADP
ajfa-3012	24	43	law	law	NOUN
ajfa-3012	24	44	.	.	PUNCT
ajfa-3012	25	1	our	our	PRON
ajfa-3012	25	2	model	model	NOUN
ajfa-3012	25	3	also	also	ADV
ajfa-3012	25	4	includes	include	VERB
ajfa-3012	25	5	an	an	DET
ajfa-3012	25	6	industry	industry	NOUN
ajfa-3012	25	7	competition	competition	NOUN
ajfa-3012	25	8	measure	measure	NOUN
ajfa-3012	25	9	derived	derive	VERB
ajfa-3012	25	10	from	from	ADP
ajfa-3012	25	11	bank	bank	NOUN
ajfa-3012	25	12	-	-	PUNCT
ajfa-3012	25	13	specific	specific	ADJ
ajfa-3012	25	14	revenue	revenue	NOUN
ajfa-3012	25	15	behaviour	behaviour	NOUN
ajfa-3012	25	16	(	(	PUNCT
ajfa-3012	25	17	panzar	panzar	NOUN
ajfa-3012	25	18	-	-	PUNCT
ajfa-3012	25	19	rosse	rosse	PROPN
ajfa-3012	25	20	h	h	PROPN
ajfa-3012	25	21	statistic	statistic	NOUN
ajfa-3012	25	22	)	)	PUNCT
ajfa-3012	25	23	to	to	PART
ajfa-3012	25	24	control	control	VERB
ajfa-3012	25	25	for	for	ADP
ajfa-3012	25	26	competitive	competitive	ADJ
ajfa-3012	25	27	dynamics	dynamic	NOUN
ajfa-3012	25	28	.	.	PUNCT
ajfa-3012	26	1	finally	finally	ADV
ajfa-3012	26	2	,	,	PUNCT
ajfa-3012	26	3	we	we	PRON
ajfa-3012	26	4	utilise	utilise	VERB
ajfa-3012	26	5	an	an	DET
ajfa-3012	26	6	explicit	explicit	ADJ
ajfa-3012	26	7	measure	measure	NOUN
ajfa-3012	26	8	of	of	ADP
ajfa-3012	26	9	management	management	NOUN
ajfa-3012	26	10	efficiency	efficiency	NOUN
ajfa-3012	26	11	in	in	ADP
ajfa-3012	26	12	the	the	DET
ajfa-3012	26	13	form	form	NOUN
ajfa-3012	26	14	of	of	ADP
ajfa-3012	26	15	data	datum	NOUN
ajfa-3012	26	16	envelopment	envelopment	ADJ
ajfa-3012	26	17	analysis	analysis	NOUN
ajfa-3012	26	18	(	(	PUNCT
ajfa-3012	26	19	dea	dea	NOUN
ajfa-3012	26	20	)	)	PUNCT
ajfa-3012	26	21	efficiency	efficiency	NOUN
ajfa-3012	26	22	scores	score	NOUN
ajfa-3012	26	23	in	in	ADP
ajfa-3012	26	24	our	our	PRON
ajfa-3012	26	25	analyses	analysis	NOUN
ajfa-3012	26	26	.	.	PUNCT
ajfa-3012	27	1	this	this	DET
ajfa-3012	27	2	approach	approach	NOUN
ajfa-3012	27	3	provides	provide	VERB
ajfa-3012	27	4	more	more	ADV
ajfa-3012	27	5	reliable	reliable	ADJ
ajfa-3012	27	6	asian	asian	ADJ
ajfa-3012	27	7	journal	journal	NOUN
ajfa-3012	27	8	of	of	ADP
ajfa-3012	27	9	finance	finance	PROPN
ajfa-3012	27	10	&	&	CCONJ
ajfa-3012	27	11	accounting	accounting	PROPN
ajfa-3012	27	12	issn	issn	PROPN
ajfa-3012	27	13	1946	1946	NUM
ajfa-3012	27	14	-	-	PUNCT
ajfa-3012	27	15	052x	052x	NOUN
ajfa-3012	27	16	2013	2013	NUM
ajfa-3012	27	17	,	,	PUNCT
ajfa-3012	27	18	vol	vol	NOUN
ajfa-3012	27	19	.	.	PROPN
ajfa-3012	27	20	5	5	NUM
ajfa-3012	27	21	,	,	PUNCT
ajfa-3012	27	22	no	no	INTJ
ajfa-3012	27	23	.	.	NOUN
ajfa-3012	27	24	1	1	NUM
ajfa-3012	27	25	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	27	26	367	367	NUM
ajfa-3012	27	27	management	management	NOUN
ajfa-3012	27	28	efficiency	efficiency	NOUN
ajfa-3012	27	29	estimates	estimate	NOUN
ajfa-3012	27	30	than	than	ADP
ajfa-3012	27	31	the	the	DET
ajfa-3012	27	32	expense	expense	NOUN
ajfa-3012	27	33	ratios	ratio	NOUN
ajfa-3012	27	34	of	of	ADP
ajfa-3012	27	35	prior	prior	ADJ
ajfa-3012	27	36	bank	bank	NOUN
ajfa-3012	27	37	profitability	profitability	NOUN
ajfa-3012	27	38	studies	study	NOUN
ajfa-3012	27	39	.	.	PUNCT
ajfa-3012	28	1	2	2	X
ajfa-3012	28	2	.	.	X
ajfa-3012	28	3	literature	literature	NOUN
ajfa-3012	28	4	review	review	VERB
ajfa-3012	28	5	2.1	2.1	NUM
ajfa-3012	28	6	bank	bank	NOUN
ajfa-3012	28	7	-	-	PUNCT
ajfa-3012	28	8	specific	specific	ADJ
ajfa-3012	28	9	determinants	determinant	NOUN
ajfa-3012	28	10	the	the	DET
ajfa-3012	28	11	prior	prior	ADJ
ajfa-3012	28	12	bank	bank	NOUN
ajfa-3012	28	13	profitability	profitability	NOUN
ajfa-3012	28	14	literature	literature	NOUN
ajfa-3012	28	15	employs	employ	VERB
ajfa-3012	28	16	bank	bank	NOUN
ajfa-3012	28	17	size	size	NOUN
ajfa-3012	28	18	,	,	PUNCT
ajfa-3012	28	19	ownership	ownership	NOUN
ajfa-3012	28	20	status	status	NOUN
ajfa-3012	28	21	,	,	PUNCT
ajfa-3012	28	22	bank	bank	NOUN
ajfa-3012	28	23	risk	risk	NOUN
ajfa-3012	28	24	,	,	PUNCT
ajfa-3012	28	25	capital	capital	NOUN
ajfa-3012	28	26	level	level	NOUN
ajfa-3012	28	27	,	,	PUNCT
ajfa-3012	28	28	and	and	CCONJ
ajfa-3012	28	29	expense	expense	NOUN
ajfa-3012	28	30	management	management	NOUN
ajfa-3012	28	31	as	as	ADP
ajfa-3012	28	32	bank	bank	NOUN
ajfa-3012	28	33	-	-	PUNCT
ajfa-3012	28	34	specific	specific	ADJ
ajfa-3012	28	35	determinants	determinant	NOUN
ajfa-3012	28	36	.	.	PUNCT
ajfa-3012	29	1	bank	bank	NOUN
ajfa-3012	29	2	size	size	NOUN
ajfa-3012	29	3	is	be	AUX
ajfa-3012	29	4	generally	generally	ADV
ajfa-3012	29	5	found	find	VERB
ajfa-3012	29	6	to	to	PART
ajfa-3012	29	7	relate	relate	VERB
ajfa-3012	29	8	positively	positively	ADV
ajfa-3012	29	9	to	to	ADP
ajfa-3012	29	10	profitability	profitability	NOUN
ajfa-3012	29	11	(	(	PUNCT
ajfa-3012	29	12	kosmidou	kosmidou	PROPN
ajfa-3012	29	13	2008	2008	NUM
ajfa-3012	29	14	)	)	PUNCT
ajfa-3012	29	15	.	.	PUNCT
ajfa-3012	30	1	this	this	PRON
ajfa-3012	30	2	supports	support	VERB
ajfa-3012	30	3	the	the	DET
ajfa-3012	30	4	argument	argument	NOUN
ajfa-3012	30	5	that	that	SCONJ
ajfa-3012	30	6	large	large	ADJ
ajfa-3012	30	7	banks	bank	NOUN
ajfa-3012	30	8	typically	typically	ADV
ajfa-3012	30	9	benefit	benefit	VERB
ajfa-3012	30	10	from	from	ADP
ajfa-3012	30	11	scale	scale	NOUN
ajfa-3012	30	12	and	and	CCONJ
ajfa-3012	30	13	scope	scope	NOUN
ajfa-3012	30	14	economies	economy	NOUN
ajfa-3012	30	15	and	and	CCONJ
ajfa-3012	30	16	have	have	VERB
ajfa-3012	30	17	greater	great	ADJ
ajfa-3012	30	18	product	product	NOUN
ajfa-3012	30	19	and	and	CCONJ
ajfa-3012	30	20	loan	loan	NOUN
ajfa-3012	30	21	diversification	diversification	NOUN
ajfa-3012	30	22	leading	lead	VERB
ajfa-3012	30	23	to	to	ADP
ajfa-3012	30	24	lower	low	ADJ
ajfa-3012	30	25	risk	risk	NOUN
ajfa-3012	30	26	profiles	profile	NOUN
ajfa-3012	30	27	.	.	PUNCT
ajfa-3012	31	1	hence	hence	ADV
ajfa-3012	31	2	,	,	PUNCT
ajfa-3012	31	3	their	their	PRON
ajfa-3012	31	4	required	require	VERB
ajfa-3012	31	5	rate	rate	NOUN
ajfa-3012	31	6	of	of	ADP
ajfa-3012	31	7	return	return	NOUN
ajfa-3012	31	8	becomes	become	VERB
ajfa-3012	31	9	lower	low	ADJ
ajfa-3012	31	10	which	which	PRON
ajfa-3012	31	11	reduces	reduce	VERB
ajfa-3012	31	12	their	their	PRON
ajfa-3012	31	13	costs	cost	NOUN
ajfa-3012	31	14	and	and	CCONJ
ajfa-3012	31	15	generates	generate	VERB
ajfa-3012	31	16	higher	high	ADJ
ajfa-3012	31	17	profits	profit	NOUN
ajfa-3012	31	18	.	.	PUNCT
ajfa-3012	32	1	large	large	ADJ
ajfa-3012	32	2	banks	bank	NOUN
ajfa-3012	32	3	may	may	AUX
ajfa-3012	32	4	also	also	ADV
ajfa-3012	32	5	be	be	AUX
ajfa-3012	32	6	able	able	ADJ
ajfa-3012	32	7	to	to	PART
ajfa-3012	32	8	exert	exert	VERB
ajfa-3012	32	9	market	market	NOUN
ajfa-3012	32	10	power	power	NOUN
ajfa-3012	32	11	through	through	ADP
ajfa-3012	32	12	stronger	strong	ADJ
ajfa-3012	32	13	brand	brand	NOUN
ajfa-3012	32	14	image	image	NOUN
ajfa-3012	32	15	or	or	CCONJ
ajfa-3012	32	16	implicit	implicit	ADJ
ajfa-3012	32	17	regulatory	regulatory	ADJ
ajfa-3012	32	18	(	(	PUNCT
ajfa-3012	32	19	too	too	ADV
ajfa-3012	32	20	-	-	PUNCT
ajfa-3012	32	21	big	big	ADJ
ajfa-3012	32	22	-	-	PUNCT
ajfa-3012	32	23	to	to	AUX
ajfa-3012	32	24	-	-	PUNCT
ajfa-3012	32	25	fail	fail	VERB
ajfa-3012	32	26	)	)	PUNCT
ajfa-3012	32	27	protection	protection	NOUN
ajfa-3012	32	28	.	.	PUNCT
ajfa-3012	33	1	abnormal	abnormal	ADJ
ajfa-3012	33	2	profits	profit	NOUN
ajfa-3012	33	3	obtained	obtain	VERB
ajfa-3012	33	4	through	through	ADP
ajfa-3012	33	5	the	the	DET
ajfa-3012	33	6	exercise	exercise	NOUN
ajfa-3012	33	7	of	of	ADP
ajfa-3012	33	8	market	market	NOUN
ajfa-3012	33	9	power	power	NOUN
ajfa-3012	33	10	in	in	ADP
ajfa-3012	33	11	wholesale	wholesale	ADJ
ajfa-3012	33	12	or	or	CCONJ
ajfa-3012	33	13	capital	capital	NOUN
ajfa-3012	33	14	markets	market	NOUN
ajfa-3012	33	15	may	may	AUX
ajfa-3012	33	16	also	also	ADV
ajfa-3012	33	17	contribute	contribute	VERB
ajfa-3012	33	18	to	to	ADP
ajfa-3012	33	19	a	a	DET
ajfa-3012	33	20	positive	positive	ADJ
ajfa-3012	33	21	size	size	NOUN
ajfa-3012	33	22	–	–	PUNCT
ajfa-3012	33	23	profitability	profitability	NOUN
ajfa-3012	33	24	relationship	relationship	NOUN
ajfa-3012	33	25	(	(	PUNCT
ajfa-3012	33	26	goddard	goddard	PROPN
ajfa-3012	33	27	,	,	PUNCT
ajfa-3012	33	28	molyneux	molyneux	PROPN
ajfa-3012	33	29	and	and	CCONJ
ajfa-3012	33	30	wilson	wilson	PROPN
ajfa-3012	33	31	2004	2004	NUM
ajfa-3012	33	32	)	)	PUNCT
ajfa-3012	33	33	.	.	PUNCT
ajfa-3012	34	1	in	in	ADP
ajfa-3012	34	2	contrast	contrast	NOUN
ajfa-3012	34	3	,	,	PUNCT
ajfa-3012	34	4	if	if	SCONJ
ajfa-3012	34	5	bank	bank	NOUN
ajfa-3012	34	6	size	size	NOUN
ajfa-3012	34	7	is	be	AUX
ajfa-3012	34	8	a	a	DET
ajfa-3012	34	9	function	function	NOUN
ajfa-3012	34	10	of	of	ADP
ajfa-3012	34	11	‘	'	PUNCT
ajfa-3012	34	12	empire	empire	NOUN
ajfa-3012	34	13	building	building	NOUN
ajfa-3012	34	14	’	'	PUNCT
ajfa-3012	34	15	by	by	ADP
ajfa-3012	34	16	managers	manager	NOUN
ajfa-3012	34	17	and/or	and/or	CCONJ
ajfa-3012	34	18	government	government	NOUN
ajfa-3012	34	19	-	-	PUNCT
ajfa-3012	34	20	sponsored	sponsor	VERB
ajfa-3012	34	21	funding	funding	NOUN
ajfa-3012	34	22	(	(	PUNCT
ajfa-3012	34	23	especially	especially	ADV
ajfa-3012	34	24	in	in	ADP
ajfa-3012	34	25	developing	develop	VERB
ajfa-3012	34	26	countries	country	NOUN
ajfa-3012	34	27	like	like	ADP
ajfa-3012	34	28	those	those	PRON
ajfa-3012	34	29	in	in	ADP
ajfa-3012	34	30	south	south	PROPN
ajfa-3012	34	31	asia	asia	PROPN
ajfa-3012	34	32	)	)	PUNCT
ajfa-3012	34	33	,	,	PUNCT
ajfa-3012	34	34	then	then	ADV
ajfa-3012	34	35	the	the	DET
ajfa-3012	34	36	resulting	result	VERB
ajfa-3012	34	37	diseconomies	diseconomie	NOUN
ajfa-3012	34	38	should	should	AUX
ajfa-3012	34	39	lead	lead	VERB
ajfa-3012	34	40	to	to	ADP
ajfa-3012	34	41	a	a	DET
ajfa-3012	34	42	negative	negative	ADJ
ajfa-3012	34	43	association	association	NOUN
ajfa-3012	34	44	between	between	ADP
ajfa-3012	34	45	bank	bank	NOUN
ajfa-3012	34	46	size	size	NOUN
ajfa-3012	34	47	and	and	CCONJ
ajfa-3012	34	48	profitability	profitability	NOUN
ajfa-3012	34	49	.	.	PUNCT
ajfa-3012	35	1	thus	thus	ADV
ajfa-3012	35	2	,	,	PUNCT
ajfa-3012	35	3	no	no	DET
ajfa-3012	35	4	a	a	DET
ajfa-3012	35	5	priori	priori	ADJ
ajfa-3012	35	6	expectation	expectation	NOUN
ajfa-3012	35	7	is	be	AUX
ajfa-3012	35	8	formed	form	VERB
ajfa-3012	35	9	with	with	ADP
ajfa-3012	35	10	regard	regard	NOUN
ajfa-3012	35	11	to	to	ADP
ajfa-3012	35	12	bank	bank	NOUN
ajfa-3012	35	13	size	size	NOUN
ajfa-3012	35	14	in	in	ADP
ajfa-3012	35	15	the	the	DET
ajfa-3012	35	16	south	south	ADJ
ajfa-3012	35	17	asian	asian	ADJ
ajfa-3012	35	18	context	context	NOUN
ajfa-3012	35	19	.	.	PUNCT
ajfa-3012	36	1	ownership	ownership	NOUN
ajfa-3012	36	2	status	status	NOUN
ajfa-3012	36	3	is	be	AUX
ajfa-3012	36	4	primarily	primarily	ADV
ajfa-3012	36	5	concerned	concerned	ADJ
ajfa-3012	36	6	with	with	ADP
ajfa-3012	36	7	whether	whether	SCONJ
ajfa-3012	36	8	a	a	DET
ajfa-3012	36	9	bank	bank	NOUN
ajfa-3012	36	10	is	be	AUX
ajfa-3012	36	11	governmentor	governmentor	NOUN
ajfa-3012	36	12	privately	privately	ADV
ajfa-3012	36	13	owned	own	VERB
ajfa-3012	36	14	.	.	PUNCT
ajfa-3012	37	1	generally	generally	ADV
ajfa-3012	37	2	,	,	PUNCT
ajfa-3012	37	3	privately	privately	ADV
ajfa-3012	37	4	-	-	PUNCT
ajfa-3012	37	5	owned	own	VERB
ajfa-3012	37	6	firms	firm	NOUN
ajfa-3012	37	7	generate	generate	VERB
ajfa-3012	37	8	relatively	relatively	ADV
ajfa-3012	37	9	higher	high	ADJ
ajfa-3012	37	10	profits	profit	NOUN
ajfa-3012	37	11	(	(	PUNCT
ajfa-3012	37	12	see	see	VERB
ajfa-3012	37	13	for	for	ADP
ajfa-3012	37	14	example	example	NOUN
ajfa-3012	37	15	,	,	PUNCT
ajfa-3012	37	16	kosmidou	kosmidou	PROPN
ajfa-3012	37	17	,	,	PUNCT
ajfa-3012	37	18	pasiouras	pasioura	NOUN
ajfa-3012	37	19	and	and	CCONJ
ajfa-3012	37	20	tsaklanganos	tsaklangano	NOUN
ajfa-3012	37	21	2007	2007	NUM
ajfa-3012	37	22	)	)	PUNCT
ajfa-3012	37	23	.	.	PUNCT
ajfa-3012	38	1	this	this	PRON
ajfa-3012	38	2	is	be	AUX
ajfa-3012	38	3	consistent	consistent	ADJ
ajfa-3012	38	4	with	with	ADP
ajfa-3012	38	5	the	the	DET
ajfa-3012	38	6	view	view	NOUN
ajfa-3012	38	7	that	that	SCONJ
ajfa-3012	38	8	government	government	NOUN
ajfa-3012	38	9	-	-	PUNCT
ajfa-3012	38	10	owned	own	VERB
ajfa-3012	38	11	banks	bank	NOUN
ajfa-3012	38	12	may	may	AUX
ajfa-3012	38	13	have	have	AUX
ajfa-3012	38	14	other	other	ADJ
ajfa-3012	38	15	than	than	ADP
ajfa-3012	38	16	simply	simply	ADV
ajfa-3012	38	17	profit	profit	NOUN
ajfa-3012	38	18	considerations	consideration	NOUN
ajfa-3012	38	19	.	.	PUNCT
ajfa-3012	39	1	it	it	PRON
ajfa-3012	39	2	is	be	AUX
ajfa-3012	39	3	especially	especially	ADV
ajfa-3012	39	4	true	true	ADJ
ajfa-3012	39	5	in	in	ADP
ajfa-3012	39	6	developing	develop	VERB
ajfa-3012	39	7	countries	country	NOUN
ajfa-3012	39	8	(	(	PUNCT
ajfa-3012	39	9	like	like	ADP
ajfa-3012	39	10	those	those	PRON
ajfa-3012	39	11	in	in	ADP
ajfa-3012	39	12	south	south	PROPN
ajfa-3012	39	13	asia	asia	PROPN
ajfa-3012	39	14	)	)	PUNCT
ajfa-3012	39	15	,	,	PUNCT
ajfa-3012	39	16	where	where	SCONJ
ajfa-3012	39	17	loan	loan	NOUN
ajfa-3012	39	18	distribution	distribution	NOUN
ajfa-3012	39	19	is	be	AUX
ajfa-3012	39	20	influenced	influence	VERB
ajfa-3012	39	21	by	by	ADP
ajfa-3012	39	22	government	government	NOUN
ajfa-3012	39	23	directed	direct	VERB
ajfa-3012	39	24	credit	credit	NOUN
ajfa-3012	39	25	programmes	programme	NOUN
ajfa-3012	39	26	,	,	PUNCT
ajfa-3012	39	27	interest	interest	NOUN
ajfa-3012	39	28	rate	rate	NOUN
ajfa-3012	39	29	ceilings	ceiling	NOUN
ajfa-3012	39	30	and	and	CCONJ
ajfa-3012	39	31	branching	branch	VERB
ajfa-3012	39	32	restrictions	restriction	NOUN
ajfa-3012	39	33	.	.	PUNCT
ajfa-3012	40	1	thus	thus	ADV
ajfa-3012	40	2	,	,	PUNCT
ajfa-3012	40	3	we	we	PRON
ajfa-3012	40	4	expect	expect	VERB
ajfa-3012	40	5	the	the	DET
ajfa-3012	40	6	privately	privately	ADV
ajfa-3012	40	7	-	-	PUNCT
ajfa-3012	40	8	owned	own	VERB
ajfa-3012	40	9	south	south	ADJ
ajfa-3012	40	10	asian	asian	ADJ
ajfa-3012	40	11	banks	bank	NOUN
ajfa-3012	40	12	to	to	PART
ajfa-3012	40	13	be	be	AUX
ajfa-3012	40	14	relatively	relatively	ADV
ajfa-3012	40	15	more	more	ADV
ajfa-3012	40	16	profitable	profitable	ADJ
ajfa-3012	40	17	than	than	ADP
ajfa-3012	40	18	their	their	PRON
ajfa-3012	40	19	government	government	NOUN
ajfa-3012	40	20	-	-	PUNCT
ajfa-3012	40	21	owned	own	VERB
ajfa-3012	40	22	counterparts	counterpart	NOUN
ajfa-3012	40	23	.	.	PUNCT
ajfa-3012	41	1	bank	bank	NOUN
ajfa-3012	41	2	risk	risk	NOUN
ajfa-3012	41	3	is	be	AUX
ajfa-3012	41	4	conceptualised	conceptualise	VERB
ajfa-3012	41	5	in	in	ADP
ajfa-3012	41	6	the	the	DET
ajfa-3012	41	7	literature	literature	NOUN
ajfa-3012	41	8	using	use	VERB
ajfa-3012	41	9	proxies	proxy	NOUN
ajfa-3012	41	10	for	for	ADP
ajfa-3012	41	11	credit	credit	NOUN
ajfa-3012	41	12	risk	risk	NOUN
ajfa-3012	41	13	and	and	CCONJ
ajfa-3012	41	14	liquidity	liquidity	NOUN
ajfa-3012	41	15	risk	risk	NOUN
ajfa-3012	41	16	.	.	PUNCT
ajfa-3012	42	1	the	the	DET
ajfa-3012	42	2	former	former	ADJ
ajfa-3012	42	3	is	be	AUX
ajfa-3012	42	4	generally	generally	ADV
ajfa-3012	42	5	negatively	negatively	ADV
ajfa-3012	42	6	related	relate	VERB
ajfa-3012	42	7	to	to	ADP
ajfa-3012	42	8	profitability	profitability	NOUN
ajfa-3012	42	9	since	since	SCONJ
ajfa-3012	42	10	financial	financial	ADJ
ajfa-3012	42	11	institutions	institution	NOUN
ajfa-3012	42	12	exposed	expose	VERB
ajfa-3012	42	13	to	to	ADP
ajfa-3012	42	14	more	more	ADV
ajfa-3012	42	15	high	high	ADJ
ajfa-3012	42	16	-	-	PUNCT
ajfa-3012	42	17	risk	risk	NOUN
ajfa-3012	42	18	loans	loan	NOUN
ajfa-3012	42	19	accumulate	accumulate	VERB
ajfa-3012	42	20	more	more	ADJ
ajfa-3012	42	21	non	non	ADJ
ajfa-3012	42	22	-	-	ADJ
ajfa-3012	42	23	performing	performing	ADJ
ajfa-3012	42	24	loans	loan	NOUN
ajfa-3012	42	25	(	(	PUNCT
ajfa-3012	42	26	miller	miller	NOUN
ajfa-3012	42	27	and	and	CCONJ
ajfa-3012	42	28	noulas	noulas	PROPN
ajfa-3012	42	29	1997	1997	NUM
ajfa-3012	42	30	)	)	PUNCT
ajfa-3012	42	31	.	.	PUNCT
ajfa-3012	43	1	with	with	ADP
ajfa-3012	43	2	liquidity	liquidity	NOUN
ajfa-3012	43	3	,	,	PUNCT
ajfa-3012	43	4	since	since	SCONJ
ajfa-3012	43	5	liquid	liquid	ADJ
ajfa-3012	43	6	assets	asset	NOUN
ajfa-3012	43	7	have	have	VERB
ajfa-3012	43	8	lower	low	ADJ
ajfa-3012	43	9	risk	risk	NOUN
ajfa-3012	43	10	and	and	CCONJ
ajfa-3012	43	11	generate	generate	VERB
ajfa-3012	43	12	lower	low	ADJ
ajfa-3012	43	13	returns	return	NOUN
ajfa-3012	43	14	,	,	PUNCT
ajfa-3012	43	15	these	these	DET
ajfa-3012	43	16	holdings	holding	NOUN
ajfa-3012	43	17	earn	earn	VERB
ajfa-3012	43	18	less	less	ADJ
ajfa-3012	43	19	than	than	SCONJ
ajfa-3012	43	20	could	could	AUX
ajfa-3012	43	21	be	be	AUX
ajfa-3012	43	22	otherwise	otherwise	ADV
ajfa-3012	43	23	gained	gain	VERB
ajfa-3012	43	24	from	from	ADP
ajfa-3012	43	25	higher	high	ADJ
ajfa-3012	43	26	risk	risk	NOUN
ajfa-3012	43	27	,	,	PUNCT
ajfa-3012	43	28	less	less	ADJ
ajfa-3012	43	29	liquid	liquid	ADJ
ajfa-3012	43	30	assets	asset	NOUN
ajfa-3012	43	31	.	.	PUNCT
ajfa-3012	44	1	in	in	ADP
ajfa-3012	44	2	this	this	DET
ajfa-3012	44	3	way	way	NOUN
ajfa-3012	44	4	,	,	PUNCT
ajfa-3012	44	5	higher	high	ADJ
ajfa-3012	44	6	level	level	NOUN
ajfa-3012	44	7	of	of	ADP
ajfa-3012	44	8	liquid	liquid	ADJ
ajfa-3012	44	9	holdings	holding	NOUN
ajfa-3012	44	10	reduces	reduce	VERB
ajfa-3012	44	11	profits	profit	NOUN
ajfa-3012	44	12	(	(	PUNCT
ajfa-3012	44	13	molyneux	molyneux	PROPN
ajfa-3012	44	14	and	and	CCONJ
ajfa-3012	44	15	thornton	thornton	PROPN
ajfa-3012	44	16	1992	1992	NUM
ajfa-3012	44	17	)	)	PUNCT
ajfa-3012	44	18	.	.	PUNCT
ajfa-3012	45	1	thus	thus	ADV
ajfa-3012	45	2	,	,	PUNCT
ajfa-3012	45	3	we	we	PRON
ajfa-3012	45	4	expect	expect	VERB
ajfa-3012	45	5	south	south	ADJ
ajfa-3012	45	6	asian	asian	ADJ
ajfa-3012	45	7	banks	bank	NOUN
ajfa-3012	45	8	will	will	AUX
ajfa-3012	45	9	show	show	VERB
ajfa-3012	45	10	a	a	DET
ajfa-3012	45	11	negative	negative	ADJ
ajfa-3012	45	12	relationship	relationship	NOUN
ajfa-3012	45	13	between	between	ADP
ajfa-3012	45	14	credit	credit	NOUN
ajfa-3012	45	15	risk	risk	NOUN
ajfa-3012	45	16	and	and	CCONJ
ajfa-3012	45	17	bank	bank	NOUN
ajfa-3012	45	18	profitability	profitability	NOUN
ajfa-3012	45	19	and	and	CCONJ
ajfa-3012	45	20	a	a	DET
ajfa-3012	45	21	positive	positive	ADJ
ajfa-3012	45	22	relationship	relationship	NOUN
ajfa-3012	45	23	between	between	ADP
ajfa-3012	45	24	liquidity	liquidity	NOUN
ajfa-3012	45	25	risk	risk	NOUN
ajfa-3012	45	26	and	and	CCONJ
ajfa-3012	45	27	bank	bank	NOUN
ajfa-3012	45	28	profitability	profitability	NOUN
ajfa-3012	45	29	.	.	PUNCT
ajfa-3012	46	1	bank	bank	NOUN
ajfa-3012	46	2	capital	capital	NOUN
ajfa-3012	46	3	level	level	NOUN
ajfa-3012	46	4	is	be	AUX
ajfa-3012	46	5	another	another	DET
ajfa-3012	46	6	important	important	ADJ
ajfa-3012	46	7	determinant	determinant	NOUN
ajfa-3012	46	8	of	of	ADP
ajfa-3012	46	9	bank	bank	NOUN
ajfa-3012	46	10	profitability	profitability	NOUN
ajfa-3012	46	11	.	.	PUNCT
ajfa-3012	47	1	the	the	DET
ajfa-3012	47	2	well	well	ADV
ajfa-3012	47	3	-	-	PUNCT
ajfa-3012	47	4	capitalised	capitalise	VERB
ajfa-3012	47	5	banks	bank	NOUN
ajfa-3012	47	6	should	should	AUX
ajfa-3012	47	7	attract	attract	VERB
ajfa-3012	47	8	deposits	deposit	NOUN
ajfa-3012	47	9	at	at	ADP
ajfa-3012	47	10	lower	low	ADJ
ajfa-3012	47	11	cost	cost	NOUN
ajfa-3012	47	12	thereby	thereby	ADV
ajfa-3012	47	13	increasing	increase	VERB
ajfa-3012	47	14	their	their	PRON
ajfa-3012	47	15	profitability	profitability	NOUN
ajfa-3012	47	16	.	.	PUNCT
ajfa-3012	48	1	this	this	DET
ajfa-3012	48	2	association	association	NOUN
ajfa-3012	48	3	is	be	AUX
ajfa-3012	48	4	reported	report	VERB
ajfa-3012	48	5	by	by	ADP
ajfa-3012	48	6	several	several	ADJ
ajfa-3012	48	7	studies	study	NOUN
ajfa-3012	48	8	(	(	PUNCT
ajfa-3012	48	9	see	see	VERB
ajfa-3012	48	10	molyneux	molyneux	PROPN
ajfa-3012	48	11	and	and	CCONJ
ajfa-3012	48	12	thornton	thornton	PROPN
ajfa-3012	48	13	1992	1992	NUM
ajfa-3012	48	14	;	;	PUNCT
ajfa-3012	48	15	demirguc	demirguc	PROPN
ajfa-3012	48	16	-	-	PUNCT
ajfa-3012	48	17	kunt	kunt	PROPN
ajfa-3012	48	18	and	and	CCONJ
ajfa-3012	48	19	huizinga	huizinga	ADV
ajfa-3012	48	20	1999	1999	NUM
ajfa-3012	48	21	;	;	PUNCT
ajfa-3012	48	22	athanasoglou	athanasoglou	PROPN
ajfa-3012	48	23	,	,	PUNCT
ajfa-3012	48	24	brissimis	brissimis	PROPN
ajfa-3012	48	25	and	and	CCONJ
ajfa-3012	48	26	delis	deli	NOUN
ajfa-3012	48	27	2008	2008	NUM
ajfa-3012	48	28	)	)	PUNCT
ajfa-3012	48	29	.	.	PUNCT
ajfa-3012	49	1	thus	thus	ADV
ajfa-3012	49	2	,	,	PUNCT
ajfa-3012	49	3	a	a	DET
ajfa-3012	49	4	positive	positive	ADJ
ajfa-3012	49	5	relationship	relationship	NOUN
ajfa-3012	49	6	is	be	AUX
ajfa-3012	49	7	expected	expect	VERB
ajfa-3012	49	8	between	between	ADP
ajfa-3012	49	9	south	south	ADJ
ajfa-3012	49	10	asian	asian	ADJ
ajfa-3012	49	11	banks	bank	NOUN
ajfa-3012	49	12	’	’	PART
ajfa-3012	49	13	capital	capital	NOUN
ajfa-3012	49	14	level	level	NOUN
ajfa-3012	49	15	and	and	CCONJ
ajfa-3012	49	16	profitability	profitability	NOUN
ajfa-3012	49	17	.	.	PUNCT
ajfa-3012	50	1	asian	asian	ADJ
ajfa-3012	50	2	journal	journal	PROPN
ajfa-3012	50	3	of	of	ADP
ajfa-3012	50	4	finance	finance	PROPN
ajfa-3012	50	5	&	&	CCONJ
ajfa-3012	50	6	accounting	accounting	PROPN
ajfa-3012	50	7	issn	issn	PROPN
ajfa-3012	50	8	1946	1946	NUM
ajfa-3012	50	9	-	-	PUNCT
ajfa-3012	50	10	052x	052x	NOUN
ajfa-3012	50	11	2013	2013	NUM
ajfa-3012	50	12	,	,	PUNCT
ajfa-3012	50	13	vol	vol	NOUN
ajfa-3012	50	14	.	.	PROPN
ajfa-3012	50	15	5	5	NUM
ajfa-3012	50	16	,	,	PUNCT
ajfa-3012	50	17	no	no	INTJ
ajfa-3012	50	18	.	.	NOUN
ajfa-3012	50	19	1	1	NUM
ajfa-3012	50	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	50	21	368	368	NUM
ajfa-3012	50	22	the	the	DET
ajfa-3012	50	23	expense	expense	NOUN
ajfa-3012	50	24	management	management	NOUN
ajfa-3012	50	25	ratios	ratio	NOUN
ajfa-3012	50	26	,	,	PUNCT
ajfa-3012	50	27	as	as	ADP
ajfa-3012	50	28	proxies	proxy	NOUN
ajfa-3012	50	29	for	for	ADP
ajfa-3012	50	30	management	management	NOUN
ajfa-3012	50	31	quality	quality	NOUN
ajfa-3012	50	32	,	,	PUNCT
ajfa-3012	50	33	have	have	AUX
ajfa-3012	50	34	also	also	ADV
ajfa-3012	50	35	been	be	AUX
ajfa-3012	50	36	used	use	VERB
ajfa-3012	50	37	in	in	ADP
ajfa-3012	50	38	bank	bank	NOUN
ajfa-3012	50	39	profitability	profitability	NOUN
ajfa-3012	50	40	studies	study	NOUN
ajfa-3012	50	41	.	.	PUNCT
ajfa-3012	51	1	athanasoglou	athanasoglou	PROPN
ajfa-3012	51	2	,	,	PUNCT
ajfa-3012	51	3	brissimis	brissimis	PROPN
ajfa-3012	51	4	and	and	CCONJ
ajfa-3012	51	5	delis	deli	NOUN
ajfa-3012	51	6	(	(	PUNCT
ajfa-3012	51	7	2008	2008	NUM
ajfa-3012	51	8	)	)	PUNCT
ajfa-3012	51	9	separate	separate	VERB
ajfa-3012	51	10	the	the	DET
ajfa-3012	51	11	total	total	ADJ
ajfa-3012	51	12	cost	cost	NOUN
ajfa-3012	51	13	of	of	ADP
ajfa-3012	51	14	banks	bank	NOUN
ajfa-3012	51	15	(	(	PUNCT
ajfa-3012	51	16	net	net	NOUN
ajfa-3012	51	17	of	of	ADP
ajfa-3012	51	18	interest	interest	NOUN
ajfa-3012	51	19	payments	payment	NOUN
ajfa-3012	51	20	)	)	PUNCT
ajfa-3012	51	21	into	into	ADP
ajfa-3012	51	22	operating	operating	NOUN
ajfa-3012	51	23	cost	cost	NOUN
ajfa-3012	51	24	and	and	CCONJ
ajfa-3012	51	25	other	other	ADJ
ajfa-3012	51	26	expenses	expense	NOUN
ajfa-3012	51	27	(	(	PUNCT
ajfa-3012	51	28	including	include	VERB
ajfa-3012	51	29	taxes	taxis	NOUN
ajfa-3012	51	30	,	,	PUNCT
ajfa-3012	51	31	depreciation	depreciation	NOUN
ajfa-3012	51	32	etc	etc	X
ajfa-3012	51	33	.	.	PUNCT
ajfa-3012	51	34	)	)	PUNCT
ajfa-3012	51	35	.	.	PUNCT
ajfa-3012	52	1	they	they	PRON
ajfa-3012	52	2	argue	argue	VERB
ajfa-3012	52	3	that	that	SCONJ
ajfa-3012	52	4	only	only	ADV
ajfa-3012	52	5	operating	operating	NOUN
ajfa-3012	52	6	expenses	expense	NOUN
ajfa-3012	52	7	are	be	AUX
ajfa-3012	52	8	an	an	DET
ajfa-3012	52	9	outcome	outcome	NOUN
ajfa-3012	52	10	of	of	ADP
ajfa-3012	52	11	bank	bank	NOUN
ajfa-3012	52	12	management	management	NOUN
ajfa-3012	52	13	.	.	PUNCT
ajfa-3012	53	1	the	the	DET
ajfa-3012	53	2	ratio	ratio	NOUN
ajfa-3012	53	3	of	of	ADP
ajfa-3012	53	4	these	these	DET
ajfa-3012	53	5	expenses	expense	NOUN
ajfa-3012	53	6	to	to	ADP
ajfa-3012	53	7	total	total	ADJ
ajfa-3012	53	8	assets	asset	NOUN
ajfa-3012	53	9	should	should	AUX
ajfa-3012	53	10	be	be	AUX
ajfa-3012	53	11	expected	expect	VERB
ajfa-3012	53	12	to	to	PART
ajfa-3012	53	13	be	be	AUX
ajfa-3012	53	14	negatively	negatively	ADV
ajfa-3012	53	15	related	relate	VERB
ajfa-3012	53	16	to	to	ADP
ajfa-3012	53	17	profitability	profitability	NOUN
ajfa-3012	53	18	,	,	PUNCT
ajfa-3012	53	19	since	since	SCONJ
ajfa-3012	53	20	their	their	PRON
ajfa-3012	53	21	better	well	ADJ
ajfa-3012	53	22	management	management	NOUN
ajfa-3012	53	23	may	may	AUX
ajfa-3012	53	24	increase	increase	VERB
ajfa-3012	53	25	efficiency	efficiency	NOUN
ajfa-3012	53	26	and	and	CCONJ
ajfa-3012	53	27	therefore	therefore	ADV
ajfa-3012	53	28	raise	raise	VERB
ajfa-3012	53	29	profits	profit	NOUN
ajfa-3012	53	30	.	.	PUNCT
ajfa-3012	54	1	this	this	PRON
ajfa-3012	54	2	applies	apply	VERB
ajfa-3012	54	3	in	in	ADP
ajfa-3012	54	4	particular	particular	ADJ
ajfa-3012	54	5	to	to	ADP
ajfa-3012	54	6	banking	banking	NOUN
ajfa-3012	54	7	markets	market	NOUN
ajfa-3012	54	8	(	(	PUNCT
ajfa-3012	54	9	like	like	ADP
ajfa-3012	54	10	those	those	PRON
ajfa-3012	54	11	in	in	ADP
ajfa-3012	54	12	south	south	PROPN
ajfa-3012	54	13	asia	asia	PROPN
ajfa-3012	54	14	)	)	PUNCT
ajfa-3012	54	15	where	where	SCONJ
ajfa-3012	54	16	personnel	personnel	NOUN
ajfa-3012	54	17	expenses	expense	NOUN
ajfa-3012	54	18	are	be	AUX
ajfa-3012	54	19	affected	affect	VERB
ajfa-3012	54	20	by	by	ADP
ajfa-3012	54	21	relatively	relatively	ADV
ajfa-3012	54	22	low	low	ADJ
ajfa-3012	54	23	productivity	productivity	NOUN
ajfa-3012	54	24	and	and	CCONJ
ajfa-3012	54	25	the	the	DET
ajfa-3012	54	26	excess	excess	ADJ
ajfa-3012	54	27	capacity	capacity	NOUN
ajfa-3012	54	28	of	of	ADP
ajfa-3012	54	29	the	the	DET
ajfa-3012	54	30	larger	large	ADJ
ajfa-3012	54	31	publicly	publicly	ADV
ajfa-3012	54	32	-	-	PUNCT
ajfa-3012	54	33	owned	own	VERB
ajfa-3012	54	34	banks	bank	NOUN
ajfa-3012	54	35	.	.	PUNCT
ajfa-3012	55	1	hence	hence	ADV
ajfa-3012	55	2	,	,	PUNCT
ajfa-3012	55	3	a	a	DET
ajfa-3012	55	4	positive	positive	ADJ
ajfa-3012	55	5	relationship	relationship	NOUN
ajfa-3012	55	6	is	be	AUX
ajfa-3012	55	7	expected	expect	VERB
ajfa-3012	55	8	between	between	ADP
ajfa-3012	55	9	management	management	NOUN
ajfa-3012	55	10	efficiency	efficiency	NOUN
ajfa-3012	55	11	and	and	CCONJ
ajfa-3012	55	12	bank	bank	NOUN
ajfa-3012	55	13	profitability	profitability	NOUN
ajfa-3012	55	14	in	in	ADP
ajfa-3012	55	15	south	south	PROPN
ajfa-3012	55	16	asia	asia	PROPN
ajfa-3012	55	17	.	.	PUNCT
ajfa-3012	56	1	2.2	2.2	NUM
ajfa-3012	56	2	industry	industry	NOUN
ajfa-3012	56	3	-	-	PUNCT
ajfa-3012	56	4	specific	specific	ADJ
ajfa-3012	56	5	determinants	determinant	NOUN
ajfa-3012	56	6	the	the	DET
ajfa-3012	56	7	market	market	NOUN
ajfa-3012	56	8	structure	structure	NOUN
ajfa-3012	56	9	(	(	PUNCT
ajfa-3012	56	10	and	and	CCONJ
ajfa-3012	56	11	the	the	DET
ajfa-3012	56	12	number	number	NOUN
ajfa-3012	56	13	and	and	CCONJ
ajfa-3012	56	14	size	size	NOUN
ajfa-3012	56	15	distribution	distribution	NOUN
ajfa-3012	56	16	of	of	ADP
ajfa-3012	56	17	competitors	competitor	NOUN
ajfa-3012	56	18	)	)	PUNCT
ajfa-3012	56	19	also	also	ADV
ajfa-3012	56	20	influences	influence	VERB
ajfa-3012	56	21	bank	bank	NOUN
ajfa-3012	56	22	profitability	profitability	NOUN
ajfa-3012	56	23	.	.	PUNCT
ajfa-3012	57	1	for	for	ADP
ajfa-3012	57	2	example	example	NOUN
ajfa-3012	57	3	,	,	PUNCT
ajfa-3012	57	4	when	when	SCONJ
ajfa-3012	57	5	competition	competition	NOUN
ajfa-3012	57	6	is	be	AUX
ajfa-3012	57	7	weak	weak	ADJ
ajfa-3012	57	8	in	in	ADP
ajfa-3012	57	9	concentrated	concentrated	ADJ
ajfa-3012	57	10	markets	market	NOUN
ajfa-3012	57	11	,	,	PUNCT
ajfa-3012	57	12	firms	firm	NOUN
ajfa-3012	57	13	may	may	AUX
ajfa-3012	57	14	acquire	acquire	VERB
ajfa-3012	57	15	monopoly	monopoly	NOUN
ajfa-3012	57	16	profits	profit	NOUN
ajfa-3012	57	17	by	by	ADP
ajfa-3012	57	18	using	use	VERB
ajfa-3012	57	19	their	their	PRON
ajfa-3012	57	20	market	market	NOUN
ajfa-3012	57	21	power	power	NOUN
ajfa-3012	57	22	to	to	PART
ajfa-3012	57	23	charge	charge	VERB
ajfa-3012	57	24	higher	high	ADJ
ajfa-3012	57	25	loan	loan	NOUN
ajfa-3012	57	26	prices	price	NOUN
ajfa-3012	57	27	and	and	CCONJ
ajfa-3012	57	28	offer	offer	VERB
ajfa-3012	57	29	lower	low	ADJ
ajfa-3012	57	30	deposit	deposit	NOUN
ajfa-3012	57	31	rates	rate	NOUN
ajfa-3012	57	32	.	.	PUNCT
ajfa-3012	58	1	so	so	ADV
ajfa-3012	58	2	increased	increase	VERB
ajfa-3012	58	3	concentration	concentration	NOUN
ajfa-3012	58	4	is	be	AUX
ajfa-3012	58	5	not	not	PART
ajfa-3012	58	6	the	the	DET
ajfa-3012	58	7	result	result	NOUN
ajfa-3012	58	8	of	of	ADP
ajfa-3012	58	9	managerial	managerial	ADJ
ajfa-3012	58	10	efficiency	efficiency	NOUN
ajfa-3012	58	11	,	,	PUNCT
ajfa-3012	58	12	but	but	CCONJ
ajfa-3012	58	13	rather	rather	ADV
ajfa-3012	58	14	reflects	reflect	VERB
ajfa-3012	58	15	increasing	increase	VERB
ajfa-3012	58	16	deviations	deviation	NOUN
ajfa-3012	58	17	from	from	ADP
ajfa-3012	58	18	competitive	competitive	ADJ
ajfa-3012	58	19	market	market	NOUN
ajfa-3012	58	20	structures	structure	NOUN
ajfa-3012	58	21	,	,	PUNCT
ajfa-3012	58	22	which	which	PRON
ajfa-3012	58	23	lead	lead	VERB
ajfa-3012	58	24	to	to	ADP
ajfa-3012	58	25	monopolistic	monopolistic	ADJ
ajfa-3012	58	26	profits	profit	NOUN
ajfa-3012	58	27	.	.	PUNCT
ajfa-3012	59	1	consequently	consequently	ADV
ajfa-3012	59	2	,	,	PUNCT
ajfa-3012	59	3	concentration	concentration	NOUN
ajfa-3012	59	4	should	should	AUX
ajfa-3012	59	5	be	be	AUX
ajfa-3012	59	6	positively	positively	ADV
ajfa-3012	59	7	related	relate	VERB
ajfa-3012	59	8	to	to	ADP
ajfa-3012	59	9	bank	bank	NOUN
ajfa-3012	59	10	profitability	profitability	NOUN
ajfa-3012	59	11	.	.	PUNCT
ajfa-3012	60	1	studies	study	NOUN
ajfa-3012	60	2	that	that	PRON
ajfa-3012	60	3	examine	examine	VERB
ajfa-3012	60	4	this	this	DET
ajfa-3012	60	5	relationship	relationship	NOUN
ajfa-3012	60	6	reach	reach	VERB
ajfa-3012	60	7	inconsistent	inconsistent	ADJ
ajfa-3012	60	8	results	result	NOUN
ajfa-3012	60	9	.	.	PUNCT
ajfa-3012	61	1	for	for	ADP
ajfa-3012	61	2	example	example	NOUN
ajfa-3012	61	3	,	,	PUNCT
ajfa-3012	61	4	on	on	ADP
ajfa-3012	61	5	the	the	DET
ajfa-3012	61	6	one	one	NUM
ajfa-3012	61	7	hand	hand	NOUN
ajfa-3012	61	8	,	,	PUNCT
ajfa-3012	61	9	gilbert	gilbert	PROPN
ajfa-3012	61	10	’s	’s	PART
ajfa-3012	61	11	(	(	PUNCT
ajfa-3012	61	12	1984	1984	NUM
ajfa-3012	61	13	)	)	PUNCT
ajfa-3012	61	14	review	review	NOUN
ajfa-3012	61	15	identifies	identify	VERB
ajfa-3012	61	16	27	27	NUM
ajfa-3012	61	17	prior	prior	ADJ
ajfa-3012	61	18	studies	study	NOUN
ajfa-3012	61	19	that	that	PRON
ajfa-3012	61	20	provide	provide	VERB
ajfa-3012	61	21	evidence	evidence	NOUN
ajfa-3012	61	22	that	that	SCONJ
ajfa-3012	61	23	banks	bank	NOUN
ajfa-3012	61	24	in	in	ADP
ajfa-3012	61	25	highly	highly	ADV
ajfa-3012	61	26	concentrated	concentrate	VERB
ajfa-3012	61	27	markets	market	NOUN
ajfa-3012	61	28	tend	tend	VERB
ajfa-3012	61	29	to	to	PART
ajfa-3012	61	30	collude	collude	VERB
ajfa-3012	61	31	and	and	CCONJ
ajfa-3012	61	32	earn	earn	VERB
ajfa-3012	61	33	monopoly	monopoly	NOUN
ajfa-3012	61	34	profits	profit	NOUN
ajfa-3012	61	35	.	.	PUNCT
ajfa-3012	62	1	on	on	ADP
ajfa-3012	62	2	the	the	DET
ajfa-3012	62	3	other	other	ADJ
ajfa-3012	62	4	hand	hand	NOUN
ajfa-3012	62	5	,	,	PUNCT
ajfa-3012	62	6	kosmidou	kosmidou	PROPN
ajfa-3012	62	7	(	(	PUNCT
ajfa-3012	62	8	2008	2008	NUM
ajfa-3012	62	9	)	)	PUNCT
ajfa-3012	62	10	finds	find	VERB
ajfa-3012	62	11	industry	industry	NOUN
ajfa-3012	62	12	concentration	concentration	NOUN
ajfa-3012	62	13	to	to	PART
ajfa-3012	62	14	be	be	AUX
ajfa-3012	62	15	statistically	statistically	ADV
ajfa-3012	62	16	significant	significant	ADJ
ajfa-3012	62	17	but	but	CCONJ
ajfa-3012	62	18	negatively	negatively	ADV
ajfa-3012	62	19	related	relate	VERB
ajfa-3012	62	20	to	to	ADP
ajfa-3012	62	21	bank	bank	NOUN
ajfa-3012	62	22	profits	profit	NOUN
ajfa-3012	62	23	.	.	PUNCT
ajfa-3012	63	1	their	their	PRON
ajfa-3012	63	2	implication	implication	NOUN
ajfa-3012	63	3	is	be	AUX
ajfa-3012	63	4	that	that	SCONJ
ajfa-3012	63	5	increased	increase	VERB
ajfa-3012	63	6	industry	industry	NOUN
ajfa-3012	63	7	concentration	concentration	NOUN
ajfa-3012	63	8	leads	lead	VERB
ajfa-3012	63	9	to	to	PART
ajfa-3012	63	10	slack	slack	VERB
ajfa-3012	63	11	operational	operational	ADJ
ajfa-3012	63	12	efficiency	efficiency	NOUN
ajfa-3012	63	13	and	and	CCONJ
ajfa-3012	63	14	so	so	ADV
ajfa-3012	63	15	reduced	reduced	ADJ
ajfa-3012	63	16	profitability	profitability	NOUN
ajfa-3012	63	17	.	.	PUNCT
ajfa-3012	64	1	due	due	ADP
ajfa-3012	64	2	to	to	ADP
ajfa-3012	64	3	the	the	DET
ajfa-3012	64	4	contradictory	contradictory	ADJ
ajfa-3012	64	5	evidence	evidence	NOUN
ajfa-3012	64	6	,	,	PUNCT
ajfa-3012	64	7	no	no	DET
ajfa-3012	64	8	a	a	DET
ajfa-3012	64	9	priori	priori	ADJ
ajfa-3012	64	10	expectation	expectation	NOUN
ajfa-3012	64	11	is	be	AUX
ajfa-3012	64	12	formed	form	VERB
ajfa-3012	64	13	with	with	ADP
ajfa-3012	64	14	regard	regard	NOUN
ajfa-3012	64	15	to	to	ADP
ajfa-3012	64	16	the	the	DET
ajfa-3012	64	17	relationship	relationship	NOUN
ajfa-3012	64	18	between	between	ADP
ajfa-3012	64	19	bank	bank	NOUN
ajfa-3012	64	20	market	market	NOUN
ajfa-3012	64	21	concentration	concentration	NOUN
ajfa-3012	64	22	and	and	CCONJ
ajfa-3012	64	23	profitability	profitability	NOUN
ajfa-3012	64	24	.	.	PUNCT
ajfa-3012	65	1	2.3	2.3	NUM
ajfa-3012	65	2	country	country	NOUN
ajfa-3012	65	3	-	-	PUNCT
ajfa-3012	65	4	specific	specific	ADJ
ajfa-3012	65	5	determinants	determinant	NOUN
ajfa-3012	65	6	in	in	ADP
ajfa-3012	65	7	addition	addition	NOUN
ajfa-3012	65	8	to	to	ADP
ajfa-3012	65	9	these	these	DET
ajfa-3012	65	10	bank	bank	NOUN
ajfa-3012	65	11	specific	specific	ADJ
ajfa-3012	65	12	variables	variable	NOUN
ajfa-3012	65	13	,	,	PUNCT
ajfa-3012	65	14	the	the	DET
ajfa-3012	65	15	literature	literature	NOUN
ajfa-3012	65	16	also	also	ADV
ajfa-3012	65	17	has	have	AUX
ajfa-3012	65	18	identified	identify	VERB
ajfa-3012	65	19	other	other	ADJ
ajfa-3012	65	20	factors	factor	NOUN
ajfa-3012	65	21	important	important	ADJ
ajfa-3012	65	22	in	in	ADP
ajfa-3012	65	23	this	this	DET
ajfa-3012	65	24	relationship	relationship	NOUN
ajfa-3012	65	25	such	such	ADJ
ajfa-3012	65	26	as	as	ADP
ajfa-3012	65	27	macro	macro	ADJ
ajfa-3012	65	28	-	-	ADJ
ajfa-3012	65	29	economic	economic	ADJ
ajfa-3012	65	30	variables	variable	NOUN
ajfa-3012	65	31	and	and	CCONJ
ajfa-3012	65	32	the	the	DET
ajfa-3012	65	33	corruption	corruption	NOUN
ajfa-3012	65	34	and	and	CCONJ
ajfa-3012	65	35	rule	rule	NOUN
ajfa-3012	65	36	of	of	ADP
ajfa-3012	65	37	law	law	NOUN
ajfa-3012	65	38	indicators	indicator	NOUN
ajfa-3012	65	39	.	.	PUNCT
ajfa-3012	66	1	the	the	DET
ajfa-3012	66	2	macro	macro	ADJ
ajfa-3012	66	3	-	-	ADJ
ajfa-3012	66	4	economic	economic	ADJ
ajfa-3012	66	5	variables	variable	NOUN
ajfa-3012	66	6	employed	employ	VERB
ajfa-3012	66	7	(	(	PUNCT
ajfa-3012	66	8	the	the	DET
ajfa-3012	66	9	inflation	inflation	NOUN
ajfa-3012	66	10	rate	rate	NOUN
ajfa-3012	66	11	,	,	PUNCT
ajfa-3012	66	12	the	the	DET
ajfa-3012	66	13	long	long	ADJ
ajfa-3012	66	14	-	-	PUNCT
ajfa-3012	66	15	term	term	NOUN
ajfa-3012	66	16	interest	interest	NOUN
ajfa-3012	66	17	rate	rate	NOUN
ajfa-3012	66	18	and/or	and/or	CCONJ
ajfa-3012	66	19	the	the	DET
ajfa-3012	66	20	growth	growth	NOUN
ajfa-3012	66	21	rate	rate	NOUN
ajfa-3012	66	22	of	of	ADP
ajfa-3012	66	23	money	money	NOUN
ajfa-3012	66	24	supply	supply	NOUN
ajfa-3012	66	25	)	)	PUNCT
ajfa-3012	66	26	were	be	AUX
ajfa-3012	66	27	found	find	VERB
ajfa-3012	66	28	to	to	PART
ajfa-3012	66	29	have	have	VERB
ajfa-3012	66	30	a	a	DET
ajfa-3012	66	31	positive	positive	ADJ
ajfa-3012	66	32	relationship	relationship	NOUN
ajfa-3012	66	33	with	with	ADP
ajfa-3012	66	34	bank	bank	NOUN
ajfa-3012	66	35	profitability	profitability	NOUN
ajfa-3012	66	36	(	(	PUNCT
ajfa-3012	66	37	molyneux	molyneux	PROPN
ajfa-3012	66	38	and	and	CCONJ
ajfa-3012	66	39	thornton	thornton	PROPN
ajfa-3012	66	40	1992	1992	NUM
ajfa-3012	66	41	)	)	PUNCT
ajfa-3012	66	42	.	.	PUNCT
ajfa-3012	67	1	with	with	ADP
ajfa-3012	67	2	regard	regard	NOUN
ajfa-3012	67	3	to	to	ADP
ajfa-3012	67	4	the	the	DET
ajfa-3012	67	5	corruption	corruption	NOUN
ajfa-3012	67	6	and	and	CCONJ
ajfa-3012	67	7	rule	rule	NOUN
ajfa-3012	67	8	of	of	ADP
ajfa-3012	67	9	law	law	NOUN
ajfa-3012	67	10	,	,	PUNCT
ajfa-3012	67	11	banks	bank	NOUN
ajfa-3012	67	12	operating	operate	VERB
ajfa-3012	67	13	in	in	ADP
ajfa-3012	67	14	environments	environment	NOUN
ajfa-3012	67	15	characterised	characterise	VERB
ajfa-3012	67	16	by	by	ADP
ajfa-3012	67	17	high	high	ADJ
ajfa-3012	67	18	levels	level	NOUN
ajfa-3012	67	19	of	of	ADP
ajfa-3012	67	20	law	law	NOUN
ajfa-3012	67	21	and	and	CCONJ
ajfa-3012	67	22	order	order	NOUN
ajfa-3012	67	23	and	and	CCONJ
ajfa-3012	67	24	corruption	corruption	NOUN
ajfa-3012	67	25	controls	control	NOUN
ajfa-3012	67	26	earned	earn	VERB
ajfa-3012	67	27	lower	low	ADJ
ajfa-3012	67	28	interest	interest	NOUN
ajfa-3012	67	29	margins	margin	NOUN
ajfa-3012	67	30	possibly	possibly	ADV
ajfa-3012	67	31	reflecting	reflect	VERB
ajfa-3012	67	32	lower	low	ADJ
ajfa-3012	67	33	risk	risk	NOUN
ajfa-3012	67	34	premiums	premium	NOUN
ajfa-3012	67	35	required	require	VERB
ajfa-3012	67	36	on	on	ADP
ajfa-3012	67	37	bank	bank	NOUN
ajfa-3012	67	38	lending	lending	NOUN
ajfa-3012	67	39	(	(	PUNCT
ajfa-3012	67	40	demirguc	demirguc	PROPN
ajfa-3012	67	41	-	-	PUNCT
ajfa-3012	67	42	kunt	kunt	PROPN
ajfa-3012	67	43	and	and	CCONJ
ajfa-3012	67	44	huizinga	huizinga	ADV
ajfa-3012	67	45	1999	1999	NUM
ajfa-3012	67	46	)	)	PUNCT
ajfa-3012	67	47	.	.	PUNCT
ajfa-3012	68	1	in	in	ADP
ajfa-3012	68	2	the	the	DET
ajfa-3012	68	3	south	south	ADJ
ajfa-3012	68	4	asian	asian	ADJ
ajfa-3012	68	5	context	context	NOUN
ajfa-3012	68	6	,	,	PUNCT
ajfa-3012	68	7	the	the	DET
ajfa-3012	68	8	expected	expect	VERB
ajfa-3012	68	9	relationships	relationship	NOUN
ajfa-3012	68	10	between	between	ADP
ajfa-3012	68	11	macroeconomic	macroeconomic	ADJ
ajfa-3012	68	12	variables	variable	NOUN
ajfa-3012	68	13	and	and	CCONJ
ajfa-3012	68	14	bank	bank	NOUN
ajfa-3012	68	15	profitability	profitability	NOUN
ajfa-3012	68	16	and	and	CCONJ
ajfa-3012	68	17	law	law	NOUN
ajfa-3012	68	18	and	and	CCONJ
ajfa-3012	68	19	order	order	NOUN
ajfa-3012	68	20	/	/	SYM
ajfa-3012	68	21	corruption	corruption	NOUN
ajfa-3012	68	22	controls	control	NOUN
ajfa-3012	68	23	and	and	CCONJ
ajfa-3012	68	24	profitability	profitability	NOUN
ajfa-3012	68	25	should	should	AUX
ajfa-3012	68	26	be	be	AUX
ajfa-3012	68	27	consistent	consistent	ADJ
ajfa-3012	68	28	with	with	ADP
ajfa-3012	68	29	the	the	DET
ajfa-3012	68	30	existing	exist	VERB
ajfa-3012	68	31	evidence	evidence	NOUN
ajfa-3012	68	32	.	.	PUNCT
ajfa-3012	69	1	3	3	X
ajfa-3012	69	2	.	.	X
ajfa-3012	69	3	data	datum	NOUN
ajfa-3012	69	4	and	and	CCONJ
ajfa-3012	69	5	method	method	VERB
ajfa-3012	69	6	this	this	DET
ajfa-3012	69	7	study	study	NOUN
ajfa-3012	69	8	utilises	utilise	NOUN
ajfa-3012	69	9	unconsolidated	unconsolidated	ADJ
ajfa-3012	69	10	,	,	PUNCT
ajfa-3012	69	11	bank	bank	NOUN
ajfa-3012	69	12	-	-	PUNCT
ajfa-3012	69	13	specific	specific	ADJ
ajfa-3012	69	14	annual	annual	ADJ
ajfa-3012	69	15	data	datum	NOUN
ajfa-3012	69	16	of	of	ADP
ajfa-3012	69	17	119	119	NUM
ajfa-3012	69	18	domestic	domestic	ADJ
ajfa-3012	69	19	commercial	commercial	ADJ
ajfa-3012	69	20	banks	bank	NOUN
ajfa-3012	69	21	operating	operate	VERB
ajfa-3012	69	22	in	in	ADP
ajfa-3012	69	23	four	four	NUM
ajfa-3012	69	24	south	south	ADJ
ajfa-3012	69	25	asian	asian	ADJ
ajfa-3012	69	26	countries	country	NOUN
ajfa-3012	69	27	(	(	PUNCT
ajfa-3012	69	28	bangladesh	bangladesh	PROPN
ajfa-3012	69	29	,	,	PUNCT
ajfa-3012	69	30	india	india	PROPN
ajfa-3012	69	31	pakistan	pakistan	PROPN
ajfa-3012	69	32	,	,	PUNCT
ajfa-3012	69	33	sri	sri	PROPN
ajfa-3012	69	34	lanka	lanka	PROPN
ajfa-3012	69	35	)	)	PUNCT
ajfa-3012	69	36	.	.	PUNCT
ajfa-3012	70	1	asian	asian	ADJ
ajfa-3012	70	2	journal	journal	PROPN
ajfa-3012	70	3	of	of	ADP
ajfa-3012	70	4	finance	finance	PROPN
ajfa-3012	70	5	&	&	CCONJ
ajfa-3012	70	6	accounting	accounting	PROPN
ajfa-3012	70	7	issn	issn	PROPN
ajfa-3012	70	8	1946	1946	NUM
ajfa-3012	70	9	-	-	PUNCT
ajfa-3012	70	10	052x	052x	NOUN
ajfa-3012	70	11	2013	2013	NUM
ajfa-3012	70	12	,	,	PUNCT
ajfa-3012	70	13	vol	vol	NOUN
ajfa-3012	70	14	.	.	PROPN
ajfa-3012	70	15	5	5	NUM
ajfa-3012	70	16	,	,	PUNCT
ajfa-3012	70	17	no	no	INTJ
ajfa-3012	70	18	.	.	NOUN
ajfa-3012	70	19	1	1	NUM
ajfa-3012	70	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	70	21	369	369	NUM
ajfa-3012	70	22	unconsolidated	unconsolidated	ADJ
ajfa-3012	70	23	data	datum	NOUN
ajfa-3012	70	24	is	be	AUX
ajfa-3012	70	25	preferred	prefer	VERB
ajfa-3012	70	26	over	over	ADP
ajfa-3012	70	27	the	the	DET
ajfa-3012	70	28	consolidated	consolidated	ADJ
ajfa-3012	70	29	data	datum	NOUN
ajfa-3012	70	30	as	as	SCONJ
ajfa-3012	70	31	the	the	DET
ajfa-3012	70	32	latter	latter	NOUN
ajfa-3012	70	33	includes	include	VERB
ajfa-3012	70	34	revenue	revenue	NOUN
ajfa-3012	70	35	and	and	CCONJ
ajfa-3012	70	36	costs	cost	NOUN
ajfa-3012	70	37	from	from	ADP
ajfa-3012	70	38	non	non	ADJ
ajfa-3012	70	39	-	-	ADJ
ajfa-3012	70	40	bank	bank	ADJ
ajfa-3012	70	41	subsidiaries	subsidiary	NOUN
ajfa-3012	70	42	of	of	ADP
ajfa-3012	70	43	bank	bank	NOUN
ajfa-3012	70	44	holding	hold	VERB
ajfa-3012	70	45	companies	company	NOUN
ajfa-3012	70	46	.	.	PUNCT
ajfa-3012	71	1	sample	sample	NOUN
ajfa-3012	71	2	and	and	CCONJ
ajfa-3012	71	3	sample	sample	NOUN
ajfa-3012	71	4	period	period	NOUN
ajfa-3012	71	5	are	be	AUX
ajfa-3012	71	6	constrained	constrain	VERB
ajfa-3012	71	7	by	by	ADP
ajfa-3012	71	8	the	the	DET
ajfa-3012	71	9	data	datum	NOUN
ajfa-3012	71	10	availability	availability	NOUN
ajfa-3012	71	11	.	.	PUNCT
ajfa-3012	72	1	for	for	ADP
ajfa-3012	72	2	example	example	NOUN
ajfa-3012	72	3	,	,	PUNCT
ajfa-3012	72	4	other	other	ADJ
ajfa-3012	72	5	south	south	ADJ
ajfa-3012	72	6	asian	asian	ADJ
ajfa-3012	72	7	countries	country	NOUN
ajfa-3012	72	8	bhutan	bhutan	PROPN
ajfa-3012	72	9	,	,	PUNCT
ajfa-3012	72	10	maldives	maldives	PROPN
ajfa-3012	72	11	and	and	CCONJ
ajfa-3012	72	12	nepal	nepal	PROPN
ajfa-3012	72	13	are	be	AUX
ajfa-3012	72	14	excluded	exclude	VERB
ajfa-3012	72	15	due	due	ADP
ajfa-3012	72	16	to	to	ADP
ajfa-3012	72	17	data	datum	NOUN
ajfa-3012	72	18	limitations	limitation	NOUN
ajfa-3012	72	19	.	.	PUNCT
ajfa-3012	73	1	other	other	ADJ
ajfa-3012	73	2	types	type	NOUN
ajfa-3012	73	3	of	of	ADP
ajfa-3012	73	4	banks	bank	NOUN
ajfa-3012	73	5	,	,	PUNCT
ajfa-3012	73	6	such	such	ADJ
ajfa-3012	73	7	as	as	ADP
ajfa-3012	73	8	investment	investment	NOUN
ajfa-3012	73	9	banks	bank	NOUN
ajfa-3012	73	10	,	,	PUNCT
ajfa-3012	73	11	saving	save	VERB
ajfa-3012	73	12	banks	bank	NOUN
ajfa-3012	73	13	,	,	PUNCT
ajfa-3012	73	14	cooperatives	cooperative	NOUN
ajfa-3012	73	15	banks	bank	NOUN
ajfa-3012	73	16	and	and	CCONJ
ajfa-3012	73	17	non	non	ADJ
ajfa-3012	73	18	-	-	ADJ
ajfa-3012	73	19	bank	bank	ADJ
ajfa-3012	73	20	financial	financial	ADJ
ajfa-3012	73	21	intermediaries	intermediary	NOUN
ajfa-3012	73	22	(	(	PUNCT
ajfa-3012	73	23	insurance	insurance	NOUN
ajfa-3012	73	24	companies	company	NOUN
ajfa-3012	73	25	,	,	PUNCT
ajfa-3012	73	26	mortgage	mortgage	NOUN
ajfa-3012	73	27	houses	house	NOUN
ajfa-3012	73	28	etc	etc	X
ajfa-3012	73	29	.	.	X
ajfa-3012	73	30	)	)	PUNCT
ajfa-3012	73	31	are	be	AUX
ajfa-3012	73	32	excluded	exclude	VERB
ajfa-3012	73	33	as	as	SCONJ
ajfa-3012	73	34	their	their	PRON
ajfa-3012	73	35	regulatory	regulatory	ADJ
ajfa-3012	73	36	requirements	requirement	NOUN
ajfa-3012	73	37	differ	differ	VERB
ajfa-3012	73	38	from	from	ADP
ajfa-3012	73	39	those	those	PRON
ajfa-3012	73	40	for	for	ADP
ajfa-3012	73	41	commercial	commercial	ADJ
ajfa-3012	73	42	banks	bank	NOUN
ajfa-3012	73	43	.	.	PUNCT
ajfa-3012	74	1	the	the	DET
ajfa-3012	74	2	primary	primary	ADJ
ajfa-3012	74	3	source	source	NOUN
ajfa-3012	74	4	of	of	ADP
ajfa-3012	74	5	bank	bank	NOUN
ajfa-3012	74	6	-	-	PUNCT
ajfa-3012	74	7	specific	specific	ADJ
ajfa-3012	74	8	annual	annual	ADJ
ajfa-3012	74	9	data	datum	NOUN
ajfa-3012	74	10	is	be	AUX
ajfa-3012	74	11	the	the	DET
ajfa-3012	74	12	bankscope	bankscope	NOUN
ajfa-3012	74	13	database	database	NOUN
ajfa-3012	74	14	.	.	PUNCT
ajfa-3012	75	1	data	datum	NOUN
ajfa-3012	75	2	for	for	ADP
ajfa-3012	75	3	corruption	corruption	NOUN
ajfa-3012	75	4	control	control	NOUN
ajfa-3012	75	5	and	and	CCONJ
ajfa-3012	75	6	law	law	NOUN
ajfa-3012	75	7	and	and	CCONJ
ajfa-3012	75	8	order	order	NOUN
ajfa-3012	75	9	are	be	AUX
ajfa-3012	75	10	obtained	obtain	VERB
ajfa-3012	75	11	from	from	ADP
ajfa-3012	75	12	the	the	DET
ajfa-3012	75	13	governance	governance	NOUN
ajfa-3012	75	14	indicators	indicator	NOUN
ajfa-3012	75	15	published	publish	VERB
ajfa-3012	75	16	in	in	ADP
ajfa-3012	75	17	a	a	DET
ajfa-3012	75	18	world	world	NOUN
ajfa-3012	75	19	bank	bank	NOUN
ajfa-3012	75	20	’s	’s	PART
ajfa-3012	75	21	policy	policy	NOUN
ajfa-3012	75	22	research	research	NOUN
ajfa-3012	75	23	paper	paper	NOUN
ajfa-3012	75	24	by	by	ADP
ajfa-3012	75	25	kaufmann	kaufmann	PROPN
ajfa-3012	75	26	,	,	PUNCT
ajfa-3012	75	27	kraay	kraay	ADJ
ajfa-3012	75	28	and	and	CCONJ
ajfa-3012	75	29	mastruzzi	mastruzzi	ADJ
ajfa-3012	75	30	(	(	PUNCT
ajfa-3012	75	31	2007	2007	NUM
ajfa-3012	75	32	)	)	PUNCT
ajfa-3012	75	33	.	.	PUNCT
ajfa-3012	76	1	these	these	DET
ajfa-3012	76	2	aggregate	aggregate	ADJ
ajfa-3012	76	3	indicators	indicator	NOUN
ajfa-3012	76	4	are	be	AUX
ajfa-3012	76	5	based	base	VERB
ajfa-3012	76	6	on	on	ADP
ajfa-3012	76	7	hundreds	hundred	NOUN
ajfa-3012	76	8	of	of	ADP
ajfa-3012	76	9	specific	specific	ADJ
ajfa-3012	76	10	and	and	CCONJ
ajfa-3012	76	11	disaggregated	disaggregate	VERB
ajfa-3012	76	12	individual	individual	ADJ
ajfa-3012	76	13	variables	variable	NOUN
ajfa-3012	76	14	measuring	measure	VERB
ajfa-3012	76	15	various	various	ADJ
ajfa-3012	76	16	dimensions	dimension	NOUN
ajfa-3012	76	17	of	of	ADP
ajfa-3012	76	18	governance	governance	NOUN
ajfa-3012	76	19	,	,	PUNCT
ajfa-3012	76	20	taken	take	VERB
ajfa-3012	76	21	from	from	ADP
ajfa-3012	76	22	33	33	NUM
ajfa-3012	76	23	data	datum	NOUN
ajfa-3012	76	24	sources	source	NOUN
ajfa-3012	76	25	provided	provide	VERB
ajfa-3012	76	26	by	by	ADP
ajfa-3012	76	27	30	30	NUM
ajfa-3012	76	28	different	different	ADJ
ajfa-3012	76	29	organizations	organization	NOUN
ajfa-3012	76	30	.	.	PUNCT
ajfa-3012	77	1	the	the	DET
ajfa-3012	77	2	data	datum	NOUN
ajfa-3012	77	3	reflect	reflect	VERB
ajfa-3012	77	4	the	the	DET
ajfa-3012	77	5	views	view	NOUN
ajfa-3012	77	6	on	on	ADP
ajfa-3012	77	7	governance	governance	NOUN
ajfa-3012	77	8	of	of	ADP
ajfa-3012	77	9	public	public	ADJ
ajfa-3012	77	10	sector	sector	NOUN
ajfa-3012	77	11	,	,	PUNCT
ajfa-3012	77	12	private	private	ADJ
ajfa-3012	77	13	sector	sector	NOUN
ajfa-3012	77	14	and	and	CCONJ
ajfa-3012	77	15	ngo	ngo	PROPN
ajfa-3012	77	16	experts	expert	NOUN
ajfa-3012	77	17	,	,	PUNCT
ajfa-3012	77	18	as	as	ADV
ajfa-3012	77	19	well	well	ADV
ajfa-3012	77	20	as	as	ADP
ajfa-3012	77	21	thousands	thousand	NOUN
ajfa-3012	77	22	of	of	ADP
ajfa-3012	77	23	citizen	citizen	NOUN
ajfa-3012	77	24	and	and	CCONJ
ajfa-3012	77	25	firm	firm	ADJ
ajfa-3012	77	26	survey	survey	NOUN
ajfa-3012	77	27	respondents	respondent	NOUN
ajfa-3012	77	28	worldwide	worldwide	ADV
ajfa-3012	77	29	.	.	PUNCT
ajfa-3012	78	1	as	as	SCONJ
ajfa-3012	78	2	explained	explain	VERB
ajfa-3012	78	3	later	later	ADV
ajfa-3012	78	4	in	in	ADP
ajfa-3012	78	5	this	this	DET
ajfa-3012	78	6	section	section	NOUN
ajfa-3012	78	7	,	,	PUNCT
ajfa-3012	78	8	competition	competition	NOUN
ajfa-3012	78	9	indicators	indicator	NOUN
ajfa-3012	78	10	(	(	PUNCT
ajfa-3012	78	11	the	the	DET
ajfa-3012	78	12	h	h	PROPN
ajfa-3012	78	13	statistics	statistic	NOUN
ajfa-3012	78	14	and	and	CCONJ
ajfa-3012	78	15	the	the	DET
ajfa-3012	78	16	herfindahl	herfindahl	NOUN
ajfa-3012	78	17	-	-	PUNCT
ajfa-3012	78	18	hirschman	hirschman	NOUN
ajfa-3012	78	19	index	index	NOUN
ajfa-3012	78	20	(	(	PUNCT
ajfa-3012	78	21	hhi	hhi	NOUN
ajfa-3012	78	22	)	)	PUNCT
ajfa-3012	78	23	values	value	NOUN
ajfa-3012	78	24	)	)	PUNCT
ajfa-3012	78	25	and	and	CCONJ
ajfa-3012	78	26	bank	bank	NOUN
ajfa-3012	78	27	-	-	PUNCT
ajfa-3012	78	28	specific	specific	ADJ
ajfa-3012	78	29	efficiency	efficiency	NOUN
ajfa-3012	78	30	measures	measure	NOUN
ajfa-3012	78	31	(	(	PUNCT
ajfa-3012	78	32	based	base	VERB
ajfa-3012	78	33	on	on	ADP
ajfa-3012	78	34	data	datum	NOUN
ajfa-3012	78	35	envelopment	envelopment	ADJ
ajfa-3012	78	36	analysis	analysis	NOUN
ajfa-3012	78	37	(	(	PUNCT
ajfa-3012	78	38	dea	dea	NOUN
ajfa-3012	78	39	)	)	PUNCT
ajfa-3012	78	40	)	)	PUNCT
ajfa-3012	78	41	are	be	AUX
ajfa-3012	78	42	computed	compute	VERB
ajfa-3012	78	43	by	by	ADP
ajfa-3012	78	44	the	the	DET
ajfa-3012	78	45	authors	author	NOUN
ajfa-3012	78	46	.	.	PUNCT
ajfa-3012	79	1	with	with	ADP
ajfa-3012	79	2	regard	regard	NOUN
ajfa-3012	79	3	to	to	ADP
ajfa-3012	79	4	sampling	sample	VERB
ajfa-3012	79	5	procedure	procedure	NOUN
ajfa-3012	79	6	,	,	PUNCT
ajfa-3012	79	7	a	a	DET
ajfa-3012	79	8	comprehensive	comprehensive	ADJ
ajfa-3012	79	9	list	list	NOUN
ajfa-3012	79	10	of	of	ADP
ajfa-3012	79	11	198	198	NUM
ajfa-3012	79	12	licensed	licensed	ADJ
ajfa-3012	79	13	commercial	commercial	ADJ
ajfa-3012	79	14	banks	bank	NOUN
ajfa-3012	79	15	was	be	AUX
ajfa-3012	79	16	initially	initially	ADV
ajfa-3012	79	17	obtained	obtain	VERB
ajfa-3012	79	18	from	from	ADP
ajfa-3012	79	19	the	the	DET
ajfa-3012	79	20	central	central	ADJ
ajfa-3012	79	21	bank	bank	NOUN
ajfa-3012	79	22	annual	annual	ADJ
ajfa-3012	79	23	reports	report	NOUN
ajfa-3012	79	24	of	of	ADP
ajfa-3012	79	25	bangladesh	bangladesh	PROPN
ajfa-3012	79	26	,	,	PUNCT
ajfa-3012	79	27	india	india	PROPN
ajfa-3012	79	28	,	,	PUNCT
ajfa-3012	79	29	pakistan	pakistan	PROPN
ajfa-3012	79	30	and	and	CCONJ
ajfa-3012	79	31	sri	sri	PROPN
ajfa-3012	79	32	lanka	lanka	PROPN
ajfa-3012	79	33	.	.	PUNCT
ajfa-3012	80	1	(	(	PUNCT
ajfa-3012	80	2	a	a	DET
ajfa-3012	80	3	summary	summary	NOUN
ajfa-3012	80	4	of	of	ADP
ajfa-3012	80	5	the	the	DET
ajfa-3012	80	6	sampling	sample	VERB
ajfa-3012	80	7	procedure	procedure	NOUN
ajfa-3012	80	8	is	be	AUX
ajfa-3012	80	9	given	give	VERB
ajfa-3012	80	10	in	in	ADP
ajfa-3012	80	11	table	table	NOUN
ajfa-3012	80	12	1	1	NUM
ajfa-3012	80	13	)	)	PUNCT
ajfa-3012	80	14	.	.	PUNCT
ajfa-3012	81	1	these	these	PRON
ajfa-3012	81	2	were	be	AUX
ajfa-3012	81	3	then	then	ADV
ajfa-3012	81	4	searched	search	VERB
ajfa-3012	81	5	in	in	ADP
ajfa-3012	81	6	the	the	DET
ajfa-3012	81	7	bankscope	bankscope	NOUN
ajfa-3012	81	8	database	database	NOUN
ajfa-3012	81	9	for	for	ADP
ajfa-3012	81	10	bank	bank	NOUN
ajfa-3012	81	11	-	-	PUNCT
ajfa-3012	81	12	specific	specific	ADJ
ajfa-3012	81	13	information	information	NOUN
ajfa-3012	81	14	.	.	PUNCT
ajfa-3012	82	1	due	due	ADP
ajfa-3012	82	2	to	to	ADP
ajfa-3012	82	3	data	datum	NOUN
ajfa-3012	82	4	limitations	limitation	NOUN
ajfa-3012	82	5	,	,	PUNCT
ajfa-3012	82	6	70	70	NUM
ajfa-3012	82	7	foreign	foreign	ADJ
ajfa-3012	82	8	bank	bank	NOUN
ajfa-3012	82	9	subsidiaries	subsidiary	NOUN
ajfa-3012	82	10	and	and	CCONJ
ajfa-3012	82	11	branches	branch	NOUN
ajfa-3012	82	12	and	and	CCONJ
ajfa-3012	82	13	8	8	NUM
ajfa-3012	82	14	domestic	domestic	ADJ
ajfa-3012	82	15	commercial	commercial	ADJ
ajfa-3012	82	16	banks	bank	NOUN
ajfa-3012	82	17	(	(	PUNCT
ajfa-3012	82	18	5	5	NUM
ajfa-3012	82	19	bangladeshi	bangladeshi	NOUN
ajfa-3012	82	20	,	,	PUNCT
ajfa-3012	82	21	3	3	NUM
ajfa-3012	82	22	pakistani	pakistani	ADJ
ajfa-3012	82	23	and	and	CCONJ
ajfa-3012	82	24	1	1	NUM
ajfa-3012	82	25	indian	indian	NOUN
ajfa-3012	82	26	)	)	PUNCT
ajfa-3012	82	27	were	be	AUX
ajfa-3012	82	28	eliminated	eliminate	VERB
ajfa-3012	82	29	resulting	result	VERB
ajfa-3012	82	30	in	in	ADP
ajfa-3012	82	31	119	119	NUM
ajfa-3012	82	32	banks	bank	NOUN
ajfa-3012	82	33	.	.	PUNCT
ajfa-3012	83	1	this	this	PRON
ajfa-3012	83	2	represents	represent	VERB
ajfa-3012	83	3	the	the	DET
ajfa-3012	83	4	overall	overall	ADJ
ajfa-3012	83	5	domestic	domestic	ADJ
ajfa-3012	83	6	banking	banking	NOUN
ajfa-3012	83	7	markets	market	NOUN
ajfa-3012	83	8	of	of	ADP
ajfa-3012	83	9	the	the	DET
ajfa-3012	83	10	four	four	NUM
ajfa-3012	83	11	countries	country	NOUN
ajfa-3012	83	12	with	with	ADP
ajfa-3012	83	13	94	94	NUM
ajfa-3012	83	14	percent	percent	NOUN
ajfa-3012	83	15	coverage	coverage	NOUN
ajfa-3012	83	16	.	.	PUNCT
ajfa-3012	84	1	of	of	ADP
ajfa-3012	84	2	the	the	DET
ajfa-3012	84	3	119	119	NUM
ajfa-3012	84	4	bank	bank	NOUN
ajfa-3012	84	5	final	final	ADJ
ajfa-3012	84	6	sample	sample	NOUN
ajfa-3012	84	7	,	,	PUNCT
ajfa-3012	84	8	there	there	PRON
ajfa-3012	84	9	are	be	VERB
ajfa-3012	84	10	29	29	NUM
ajfa-3012	84	11	bangladeshi	bangladeshi	NOUN
ajfa-3012	84	12	,	,	PUNCT
ajfa-3012	84	13	58	58	NUM
ajfa-3012	84	14	indian	indian	NOUN
ajfa-3012	84	15	,	,	PUNCT
ajfa-3012	84	16	21	21	NUM
ajfa-3012	84	17	pakistani	pakistani	ADJ
ajfa-3012	84	18	and	and	CCONJ
ajfa-3012	84	19	11	11	NUM
ajfa-3012	84	20	sri	sri	ADJ
ajfa-3012	84	21	lankan	lankan	PROPN
ajfa-3012	84	22	banks	bank	NOUN
ajfa-3012	84	23	.	.	PUNCT
ajfa-3012	85	1	the	the	DET
ajfa-3012	85	2	high	high	ADJ
ajfa-3012	85	3	proportion	proportion	NOUN
ajfa-3012	85	4	of	of	ADP
ajfa-3012	85	5	indian	indian	ADJ
ajfa-3012	85	6	banks	bank	NOUN
ajfa-3012	85	7	reflects	reflect	VERB
ajfa-3012	85	8	the	the	DET
ajfa-3012	85	9	large	large	ADJ
ajfa-3012	85	10	number	number	NOUN
ajfa-3012	85	11	of	of	ADP
ajfa-3012	85	12	domestic	domestic	ADJ
ajfa-3012	85	13	banks	bank	NOUN
ajfa-3012	85	14	in	in	ADP
ajfa-3012	85	15	india	india	PROPN
ajfa-3012	85	16	.	.	PUNCT
ajfa-3012	85	17	table	table	NOUN
ajfa-3012	86	1	1	1	NUM
ajfa-3012	86	2	.	.	PUNCT
ajfa-3012	86	3	sampling	sample	VERB
ajfa-3012	86	4	procedure	procedure	NOUN
ajfa-3012	86	5	and	and	CCONJ
ajfa-3012	86	6	sample	sample	NOUN
ajfa-3012	86	7	size	size	NOUN
ajfa-3012	86	8	description	description	NOUN
ajfa-3012	86	9	no	no	INTJ
ajfa-3012	86	10	.	.	PUNCT
ajfa-3012	87	1	licensed	license	VERB
ajfa-3012	87	2	commercial	commercial	ADJ
ajfa-3012	87	3	banks	bank	NOUN
ajfa-3012	87	4	in	in	ADP
ajfa-3012	87	5	bangladesh	bangladesh	PROPN
ajfa-3012	87	6	,	,	PUNCT
ajfa-3012	87	7	india	india	PROPN
ajfa-3012	87	8	,	,	PUNCT
ajfa-3012	87	9	pakistan	pakistan	PROPN
ajfa-3012	87	10	and	and	CCONJ
ajfa-3012	87	11	sri	sri	PROPN
ajfa-3012	87	12	lanka	lanka	PROPN
ajfa-3012	87	13	(	(	PUNCT
ajfa-3012	87	14	july	july	PROPN
ajfa-3012	87	15	2008	2008	NUM
ajfa-3012	87	16	)	)	PUNCT
ajfa-3012	87	17	exclude	exclude	NOUN
ajfa-3012	87	18	:	:	PUNCT
ajfa-3012	87	19	foreign	foreign	ADJ
ajfa-3012	87	20	subsidiaries	subsidiary	NOUN
ajfa-3012	87	21	and	and	CCONJ
ajfa-3012	87	22	branches	branch	NOUN
ajfa-3012	87	23	(	(	PUNCT
ajfa-3012	87	24	annual	annual	ADJ
ajfa-3012	87	25	statements	statement	NOUN
ajfa-3012	87	26	not	not	PART
ajfa-3012	87	27	published	publish	VERB
ajfa-3012	87	28	)	)	PUNCT
ajfa-3012	87	29	198	198	NUM
ajfa-3012	87	30	70	70	NUM
ajfa-3012	87	31	total	total	ADJ
ajfa-3012	87	32	number	number	NOUN
ajfa-3012	87	33	of	of	ADP
ajfa-3012	87	34	domestic	domestic	ADJ
ajfa-3012	87	35	commercial	commercial	ADJ
ajfa-3012	87	36	banks	bank	NOUN
ajfa-3012	87	37	exclude	exclude	VERB
ajfa-3012	87	38	:	:	PUNCT
ajfa-3012	87	39	banks	bank	NOUN
ajfa-3012	87	40	not	not	PART
ajfa-3012	87	41	covered	cover	VERB
ajfa-3012	87	42	in	in	ADP
ajfa-3012	87	43	the	the	DET
ajfa-3012	87	44	bankscope	bankscope	NOUN
ajfa-3012	87	45	database	database	NOUN
ajfa-3012	87	46	128	128	NUM
ajfa-3012	87	47	9	9	NUM
ajfa-3012	87	48	final	final	ADJ
ajfa-3012	87	49	sample	sample	NOUN
ajfa-3012	87	50	(	(	PUNCT
ajfa-3012	87	51	number	number	NOUN
ajfa-3012	87	52	of	of	ADP
ajfa-3012	87	53	banks	bank	NOUN
ajfa-3012	87	54	)	)	PUNCT
ajfa-3012	87	55	total	total	ADJ
ajfa-3012	87	56	bank	bank	NOUN
ajfa-3012	87	57	-	-	PUNCT
ajfa-3012	87	58	year	year	NOUN
ajfa-3012	87	59	observations	observation	NOUN
ajfa-3012	87	60	over	over	ADP
ajfa-3012	87	61	1992	1992	NUM
ajfa-3012	87	62	-	-	SYM
ajfa-3012	87	63	2007	2007	NUM
ajfa-3012	87	64	119	119	NUM
ajfa-3012	87	65	1,539	1,539	NUM
ajfa-3012	87	66	the	the	DET
ajfa-3012	87	67	sample	sample	NOUN
ajfa-3012	87	68	’s	’s	PART
ajfa-3012	87	69	coverage	coverage	NOUN
ajfa-3012	87	70	of	of	ADP
ajfa-3012	87	71	each	each	DET
ajfa-3012	87	72	banking	banking	NOUN
ajfa-3012	87	73	market	market	NOUN
ajfa-3012	87	74	(	(	PUNCT
ajfa-3012	87	75	based	base	VERB
ajfa-3012	87	76	on	on	ADP
ajfa-3012	87	77	ratio	ratio	NOUN
ajfa-3012	87	78	of	of	ADP
ajfa-3012	87	79	total	total	ADJ
ajfa-3012	87	80	assets	asset	NOUN
ajfa-3012	87	81	of	of	ADP
ajfa-3012	87	82	sample	sample	NOUN
ajfa-3012	87	83	banks	bank	NOUN
ajfa-3012	87	84	to	to	ADP
ajfa-3012	87	85	total	total	ADJ
ajfa-3012	87	86	assets	asset	NOUN
ajfa-3012	87	87	of	of	ADP
ajfa-3012	87	88	the	the	DET
ajfa-3012	87	89	banking	banking	NOUN
ajfa-3012	87	90	sector	sector	NOUN
ajfa-3012	87	91	)	)	PUNCT
ajfa-3012	87	92	is	be	AUX
ajfa-3012	87	93	shown	show	VERB
ajfa-3012	87	94	in	in	ADP
ajfa-3012	87	95	table	table	NOUN
ajfa-3012	87	96	2	2	NUM
ajfa-3012	87	97	and	and	CCONJ
ajfa-3012	87	98	varies	vary	VERB
ajfa-3012	87	99	from	from	ADP
ajfa-3012	87	100	a	a	DET
ajfa-3012	87	101	low	low	NOUN
ajfa-3012	87	102	of	of	ADP
ajfa-3012	87	103	60	60	NUM
ajfa-3012	87	104	percent	percent	NOUN
ajfa-3012	87	105	in	in	ADP
ajfa-3012	87	106	pakistan	pakistan	PROPN
ajfa-3012	87	107	to	to	ADP
ajfa-3012	87	108	a	a	DET
ajfa-3012	87	109	high	high	NOUN
ajfa-3012	87	110	of	of	ADP
ajfa-3012	87	111	83	83	NUM
ajfa-3012	87	112	percent	percent	NOUN
ajfa-3012	87	113	in	in	ADP
ajfa-3012	87	114	sri	sri	PROPN
ajfa-3012	87	115	lanka	lanka	PROPN
ajfa-3012	87	116	.	.	PUNCT
ajfa-3012	88	1	in	in	ADP
ajfa-3012	88	2	terms	term	NOUN
ajfa-3012	88	3	of	of	ADP
ajfa-3012	88	4	ownership	ownership	NOUN
ajfa-3012	88	5	,	,	PUNCT
ajfa-3012	88	6	69	69	NUM
ajfa-3012	88	7	percent	percent	NOUN
ajfa-3012	88	8	of	of	ADP
ajfa-3012	88	9	the	the	DET
ajfa-3012	88	10	sample	sample	NOUN
ajfa-3012	88	11	is	be	AUX
ajfa-3012	88	12	private	private	ADJ
ajfa-3012	88	13	-	-	PUNCT
ajfa-3012	88	14	owned	own	VERB
ajfa-3012	88	15	and	and	CCONJ
ajfa-3012	88	16	31	31	NUM
ajfa-3012	88	17	percent	percent	NOUN
ajfa-3012	88	18	is	be	AUX
ajfa-3012	88	19	government	government	NOUN
ajfa-3012	88	20	-	-	PUNCT
ajfa-3012	88	21	owned	own	VERB
ajfa-3012	88	22	.	.	PUNCT
ajfa-3012	89	1	there	there	PRON
ajfa-3012	89	2	are	be	VERB
ajfa-3012	89	3	76	76	NUM
ajfa-3012	89	4	listed	list	VERB
ajfa-3012	89	5	and	and	CCONJ
ajfa-3012	89	6	44	44	NUM
ajfa-3012	89	7	asian	asian	ADJ
ajfa-3012	89	8	journal	journal	NOUN
ajfa-3012	89	9	of	of	ADP
ajfa-3012	89	10	finance	finance	PROPN
ajfa-3012	89	11	&	&	CCONJ
ajfa-3012	89	12	accounting	accounting	PROPN
ajfa-3012	89	13	issn	issn	PROPN
ajfa-3012	89	14	1946	1946	NUM
ajfa-3012	89	15	-	-	PUNCT
ajfa-3012	89	16	052x	052x	NOUN
ajfa-3012	89	17	2013	2013	NUM
ajfa-3012	89	18	,	,	PUNCT
ajfa-3012	89	19	vol	vol	NOUN
ajfa-3012	89	20	.	.	PROPN
ajfa-3012	89	21	5	5	NUM
ajfa-3012	89	22	,	,	PUNCT
ajfa-3012	89	23	no	no	INTJ
ajfa-3012	89	24	.	.	NOUN
ajfa-3012	89	25	1	1	NUM
ajfa-3012	89	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	89	27	370	370	NUM
ajfa-3012	89	28	non	non	ADJ
ajfa-3012	89	29	-	-	ADJ
ajfa-3012	89	30	listed	listed	ADJ
ajfa-3012	89	31	banks	bank	NOUN
ajfa-3012	89	32	in	in	ADP
ajfa-3012	89	33	the	the	DET
ajfa-3012	89	34	sample	sample	NOUN
ajfa-3012	89	35	.	.	PUNCT
ajfa-3012	90	1	with	with	ADP
ajfa-3012	90	2	regard	regard	NOUN
ajfa-3012	90	3	to	to	ADP
ajfa-3012	90	4	number	number	NOUN
ajfa-3012	90	5	of	of	ADP
ajfa-3012	90	6	observations	observation	NOUN
ajfa-3012	90	7	,	,	PUNCT
ajfa-3012	90	8	the	the	DET
ajfa-3012	90	9	final	final	ADJ
ajfa-3012	90	10	sample	sample	NOUN
ajfa-3012	90	11	consists	consist	VERB
ajfa-3012	90	12	of	of	ADP
ajfa-3012	90	13	1,539	1,539	NUM
ajfa-3012	90	14	bank	bank	NOUN
ajfa-3012	90	15	-	-	PUNCT
ajfa-3012	90	16	year	year	NOUN
ajfa-3012	90	17	observations	observation	NOUN
ajfa-3012	90	18	over	over	ADP
ajfa-3012	90	19	1992	1992	NUM
ajfa-3012	90	20	-	-	SYM
ajfa-3012	90	21	2007	2007	NUM
ajfa-3012	90	22	.	.	PUNCT
ajfa-3012	91	1	table	table	NOUN
ajfa-3012	91	2	2	2	NUM
ajfa-3012	91	3	.	.	X
ajfa-3012	91	4	domicile	domicile	NOUN
ajfa-3012	91	5	of	of	ADP
ajfa-3012	91	6	sample	sample	NOUN
ajfa-3012	91	7	banks	bank	NOUN
ajfa-3012	91	8	and	and	CCONJ
ajfa-3012	91	9	composition	composition	NOUN
ajfa-3012	91	10	bangladesh	bangladesh	PROPN
ajfa-3012	91	11	india	india	PROPN
ajfa-3012	91	12	pakistan	pakistan	PROPN
ajfa-3012	91	13	sri	sri	PROPN
ajfa-3012	91	14	lanka	lanka	PROPN
ajfa-3012	92	1	no	no	PROPN
ajfa-3012	92	2	.	.	PUNCT
ajfa-3012	93	1	of	of	ADP
ajfa-3012	93	2	sample	sample	NOUN
ajfa-3012	93	3	banks	bank	NOUN
ajfa-3012	93	4	relative	relative	ADJ
ajfa-3012	93	5	to	to	ADP
ajfa-3012	93	6	total	total	ADJ
ajfa-3012	93	7	domestic	domestic	ADJ
ajfa-3012	93	8	banks	bank	NOUN
ajfa-3012	93	9	(	(	PUNCT
ajfa-3012	93	10	%	%	INTJ
ajfa-3012	93	11	)	)	PUNCT
ajfa-3012	93	12	85.3	85.3	NUM
ajfa-3012	93	13	98.3	98.3	NUM
ajfa-3012	93	14	87.5	87.5	NUM
ajfa-3012	93	15	100	100	NUM
ajfa-3012	93	16	of	of	ADP
ajfa-3012	93	17	sample	sample	NOUN
ajfa-3012	93	18	banks	bank	NOUN
ajfa-3012	93	19	state	state	NOUN
ajfa-3012	93	20	-	-	PUNCT
ajfa-3012	93	21	owned	own	VERB
ajfa-3012	93	22	4	4	NUM
ajfa-3012	93	23	27	27	NUM
ajfa-3012	93	24	3	3	NUM
ajfa-3012	93	25	2	2	NUM
ajfa-3012	93	26	private	private	ADV
ajfa-3012	93	27	-	-	PUNCT
ajfa-3012	93	28	owned	own	VERB
ajfa-3012	93	29	25	25	NUM
ajfa-3012	93	30	31	31	NUM
ajfa-3012	93	31	18	18	NUM
ajfa-3012	93	32	9	9	NUM
ajfa-3012	93	33	listed	list	VERB
ajfa-3012	93	34	15	15	NUM
ajfa-3012	93	35	39	39	NUM
ajfa-3012	93	36	16	16	NUM
ajfa-3012	93	37	6	6	NUM
ajfa-3012	93	38	non	non	ADJ
ajfa-3012	93	39	-	-	ADJ
ajfa-3012	93	40	listed	listed	ADJ
ajfa-3012	93	41	14	14	NUM
ajfa-3012	93	42	19	19	NUM
ajfa-3012	93	43	5	5	NUM
ajfa-3012	93	44	5	5	NUM
ajfa-3012	93	45	share	share	NOUN
ajfa-3012	93	46	of	of	ADP
ajfa-3012	93	47	assets	asset	NOUN
ajfa-3012	93	48	(	(	PUNCT
ajfa-3012	93	49	%	%	INTJ
ajfa-3012	93	50	)	)	PUNCT
ajfa-3012	93	51	a	a	DET
ajfa-3012	93	52	70	70	NUM
ajfa-3012	93	53	69	69	NUM
ajfa-3012	93	54	60	60	NUM
ajfa-3012	93	55	83	83	NUM
ajfa-3012	93	56	a	a	DET
ajfa-3012	93	57	ratio	ratio	NOUN
ajfa-3012	93	58	of	of	ADP
ajfa-3012	93	59	total	total	ADJ
ajfa-3012	93	60	assets	asset	NOUN
ajfa-3012	93	61	of	of	ADP
ajfa-3012	93	62	sample	sample	NOUN
ajfa-3012	93	63	banks	bank	NOUN
ajfa-3012	93	64	to	to	ADP
ajfa-3012	93	65	total	total	ADJ
ajfa-3012	93	66	assets	asset	NOUN
ajfa-3012	93	67	of	of	ADP
ajfa-3012	93	68	the	the	DET
ajfa-3012	93	69	banking	banking	NOUN
ajfa-3012	93	70	sector	sector	NOUN
ajfa-3012	93	71	.	.	PUNCT
ajfa-3012	94	1	sources	source	NOUN
ajfa-3012	94	2	:	:	PUNCT
ajfa-3012	94	3	bankscope	bankscope	NOUN
ajfa-3012	94	4	data	datum	NOUN
ajfa-3012	94	5	base	base	NOUN
ajfa-3012	94	6	,	,	PUNCT
ajfa-3012	94	7	annual	annual	ADJ
ajfa-3012	94	8	reports	report	NOUN
ajfa-3012	94	9	from	from	ADP
ajfa-3012	94	10	respective	respective	ADJ
ajfa-3012	94	11	central	central	ADJ
ajfa-3012	94	12	banks	bank	NOUN
ajfa-3012	94	13	this	this	DET
ajfa-3012	94	14	study	study	NOUN
ajfa-3012	94	15	specifies	specify	VERB
ajfa-3012	94	16	a	a	DET
ajfa-3012	94	17	single	single	ADJ
ajfa-3012	94	18	-	-	PUNCT
ajfa-3012	94	19	equation	equation	NOUN
ajfa-3012	94	20	dynamic	dynamic	ADJ
ajfa-3012	94	21	panel	panel	NOUN
ajfa-3012	94	22	model	model	NOUN
ajfa-3012	94	23	which	which	PRON
ajfa-3012	94	24	controls	control	VERB
ajfa-3012	94	25	for	for	ADP
ajfa-3012	94	26	competitive	competitive	ADJ
ajfa-3012	94	27	dynamics	dynamic	NOUN
ajfa-3012	94	28	in	in	ADP
ajfa-3012	94	29	the	the	DET
ajfa-3012	94	30	south	south	ADJ
ajfa-3012	94	31	asian	asian	ADJ
ajfa-3012	94	32	banking	banking	NOUN
ajfa-3012	94	33	markets	market	NOUN
ajfa-3012	94	34	and	and	CCONJ
ajfa-3012	94	35	country	country	NOUN
ajfa-3012	94	36	-	-	PUNCT
ajfa-3012	94	37	specific	specific	ADJ
ajfa-3012	94	38	differences	difference	NOUN
ajfa-3012	94	39	in	in	ADP
ajfa-3012	94	40	regulatory	regulatory	ADJ
ajfa-3012	94	41	and	and	CCONJ
ajfa-3012	94	42	governance	governance	NOUN
ajfa-3012	94	43	structures	structure	NOUN
ajfa-3012	94	44	.	.	PUNCT
ajfa-3012	95	1	the	the	DET
ajfa-3012	95	2	generalized	generalized	ADJ
ajfa-3012	95	3	method	method	NOUN
ajfa-3012	95	4	of	of	ADP
ajfa-3012	95	5	moments	moment	NOUN
ajfa-3012	95	6	(	(	PUNCT
ajfa-3012	95	7	gmm	gmm	NOUN
ajfa-3012	95	8	)	)	PUNCT
ajfa-3012	95	9	estimators	estimator	NOUN
ajfa-3012	95	10	help	help	VERB
ajfa-3012	95	11	to	to	PART
ajfa-3012	95	12	account	account	VERB
ajfa-3012	95	13	for	for	ADP
ajfa-3012	95	14	possible	possible	ADJ
ajfa-3012	95	15	correlations	correlation	NOUN
ajfa-3012	95	16	among	among	ADP
ajfa-3012	95	17	independent	independent	ADJ
ajfa-3012	95	18	variables	variable	NOUN
ajfa-3012	95	19	(	(	PUNCT
ajfa-3012	95	20	baltagi	baltagi	ADJ
ajfa-3012	95	21	2001	2001	NUM
ajfa-3012	95	22	;	;	PUNCT
ajfa-3012	95	23	athanasoglou	athanasoglou	PROPN
ajfa-3012	95	24	,	,	PUNCT
ajfa-3012	95	25	brissimis	brissimis	PROPN
ajfa-3012	95	26	and	and	CCONJ
ajfa-3012	95	27	delis	deli	NOUN
ajfa-3012	95	28	2008	2008	NUM
ajfa-3012	95	29	)	)	PUNCT
ajfa-3012	95	30	.	.	PUNCT
ajfa-3012	96	1	the	the	DET
ajfa-3012	96	2	general	general	ADJ
ajfa-3012	96	3	model	model	NOUN
ajfa-3012	96	4	used	use	VERB
ajfa-3012	96	5	takes	take	VERB
ajfa-3012	96	6	the	the	DET
ajfa-3012	96	7	following	follow	VERB
ajfa-3012	96	8	form	form	NOUN
ajfa-3012	96	9	:	:	PUNCT
ajfa-3012	96	10	=	=	PUNCT
ajfa-3012	96	11	c	c	X
ajfa-3012	96	12	+	+	PUNCT
ajfa-3012	97	1	+	+	PUNCT
ajfa-3012	97	2	+	+	PUNCT
ajfa-3012	97	3	+	+	CCONJ
ajfa-3012	97	4	+	+	CCONJ
ajfa-3012	97	5	,	,	PUNCT
ajfa-3012	97	6	ε	ε	PROPN
ajfa-3012	97	7	=	=	SYM
ajfa-3012	97	8	v	v	PROPN
ajfa-3012	97	9	+	+	CCONJ
ajfa-3012	97	10	u	u	NOUN
ajfa-3012	97	11	,	,	PUNCT
ajfa-3012	97	12	(	(	PUNCT
ajfa-3012	97	13	1	1	X
ajfa-3012	97	14	)	)	PUNCT
ajfa-3012	97	15	where	where	SCONJ
ajfa-3012	97	16	i	i	PRON
ajfa-3012	97	17	denotes	denote	VERB
ajfa-3012	97	18	banks	bank	NOUN
ajfa-3012	97	19	,	,	PUNCT
ajfa-3012	97	20	t	t	PROPN
ajfa-3012	97	21	time	time	NOUN
ajfa-3012	97	22	,	,	PUNCT
ajfa-3012	97	23	j	j	PROPN
ajfa-3012	97	24	countries	country	NOUN
ajfa-3012	97	25	,	,	PUNCT
ajfa-3012	97	26	x	x	X
ajfa-3012	97	27	’	'	PUNCT
ajfa-3012	97	28	bank	bank	NOUN
ajfa-3012	97	29	-	-	PUNCT
ajfa-3012	97	30	specific	specific	ADJ
ajfa-3012	97	31	factors	factor	NOUN
ajfa-3012	97	32	,	,	PUNCT
ajfa-3012	97	33	y	y	PROPN
ajfa-3012	97	34	industry	industry	NOUN
ajfa-3012	97	35	structure	structure	NOUN
ajfa-3012	97	36	,	,	PUNCT
ajfa-3012	97	37	zm	zm	PROPN
ajfa-3012	97	38	macroeconomic	macroeconomic	ADJ
ajfa-3012	97	39	factors	factor	NOUN
ajfa-3012	97	40	and	and	CCONJ
ajfa-3012	97	41	d	d	ADP
ajfa-3012	97	42	a	a	DET
ajfa-3012	97	43	vector	vector	NOUN
ajfa-3012	97	44	of	of	ADP
ajfa-3012	97	45	time	time	NOUN
ajfa-3012	97	46	dummies	dummy	NOUN
ajfa-3012	97	47	.	.	PUNCT
ajfa-3012	98	1	π	π	PROPN
ajfa-3012	98	2	is	be	AUX
ajfa-3012	98	3	the	the	DET
ajfa-3012	98	4	profitability	profitability	NOUN
ajfa-3012	98	5	of	of	ADP
ajfa-3012	98	6	bank	bank	NOUN
ajfa-3012	98	7	,	,	PUNCT
ajfa-3012	98	8	ε	ε	PROPN
ajfa-3012	98	9	is	be	AUX
ajfa-3012	98	10	the	the	DET
ajfa-3012	98	11	disturbance	disturbance	NOUN
ajfa-3012	98	12	,	,	PUNCT
ajfa-3012	98	13	with	with	ADP
ajfa-3012	98	14	ν	ν	X
ajfa-3012	98	15	the	the	DET
ajfa-3012	98	16	unobserved	unobserved	ADJ
ajfa-3012	98	17	bank	bank	NOUN
ajfa-3012	98	18	-	-	PUNCT
ajfa-3012	98	19	specific	specific	ADJ
ajfa-3012	98	20	effect	effect	NOUN
ajfa-3012	98	21	and	and	CCONJ
ajfa-3012	98	22	u	u	PRON
ajfa-3012	98	23	the	the	DET
ajfa-3012	98	24	idiosyncratic	idiosyncratic	ADJ
ajfa-3012	98	25	error	error	NOUN
ajfa-3012	98	26	.	.	PUNCT
ajfa-3012	99	1	this	this	PRON
ajfa-3012	99	2	is	be	AUX
ajfa-3012	99	3	a	a	DET
ajfa-3012	99	4	one	one	NUM
ajfa-3012	99	5	-	-	PUNCT
ajfa-3012	99	6	way	way	NOUN
ajfa-3012	99	7	error	error	NOUN
ajfa-3012	99	8	component	component	NOUN
ajfa-3012	99	9	regression	regression	NOUN
ajfa-3012	99	10	model	model	NOUN
ajfa-3012	99	11	,	,	PUNCT
ajfa-3012	99	12	where	where	SCONJ
ajfa-3012	99	13	νi	νi	PRON
ajfa-3012	99	14	~	~	SYM
ajfa-3012	99	15	iin(0	iin(0	NOUN
ajfa-3012	99	16	,	,	PUNCT
ajfa-3012	99	17	σ2	σ2	NOUN
ajfa-3012	99	18	ν	ν	PROPN
ajfa-3012	99	19	)	)	PUNCT
ajfa-3012	99	20	and	and	CCONJ
ajfa-3012	99	21	independent	independent	ADJ
ajfa-3012	99	22	of	of	ADP
ajfa-3012	99	23	iin(0	iin(0	NOUN
ajfa-3012	99	24	,	,	PUNCT
ajfa-3012	99	25	σ2	σ2	NOUN
ajfa-3012	99	26	ν	ν	NOUN
ajfa-3012	99	27	)	)	PUNCT
ajfa-3012	99	28	.	.	PUNCT
ajfa-3012	100	1	bank	bank	NOUN
ajfa-3012	100	2	profits	profit	NOUN
ajfa-3012	100	3	show	show	VERB
ajfa-3012	100	4	a	a	DET
ajfa-3012	100	5	tendency	tendency	NOUN
ajfa-3012	100	6	to	to	PART
ajfa-3012	100	7	persist	persist	VERB
ajfa-3012	100	8	over	over	ADP
ajfa-3012	100	9	time	time	NOUN
ajfa-3012	100	10	reflecting	reflect	VERB
ajfa-3012	100	11	impediments	impediment	NOUN
ajfa-3012	100	12	to	to	ADP
ajfa-3012	100	13	market	market	NOUN
ajfa-3012	100	14	competition	competition	NOUN
ajfa-3012	100	15	,	,	PUNCT
ajfa-3012	100	16	informational	informational	ADJ
ajfa-3012	100	17	opacity	opacity	NOUN
ajfa-3012	100	18	and/or	and/or	CCONJ
ajfa-3012	100	19	sensitivity	sensitivity	NOUN
ajfa-3012	100	20	to	to	ADP
ajfa-3012	100	21	regional	regional	ADJ
ajfa-3012	100	22	/	/	SYM
ajfa-3012	100	23	macroeconomic	macroeconomic	ADJ
ajfa-3012	100	24	shocks	shock	NOUN
ajfa-3012	100	25	to	to	ADP
ajfa-3012	100	26	the	the	DET
ajfa-3012	100	27	extent	extent	NOUN
ajfa-3012	100	28	that	that	SCONJ
ajfa-3012	100	29	these	these	PRON
ajfa-3012	100	30	are	be	AUX
ajfa-3012	100	31	serially	serially	ADV
ajfa-3012	100	32	correlated	correlate	VERB
ajfa-3012	100	33	(	(	PUNCT
ajfa-3012	100	34	berger	berger	PROPN
ajfa-3012	100	35	et	et	PROPN
ajfa-3012	100	36	al	al	PROPN
ajfa-3012	100	37	.	.	PROPN
ajfa-3012	100	38	2000	2000	NUM
ajfa-3012	100	39	)	)	PUNCT
ajfa-3012	100	40	.	.	PUNCT
ajfa-3012	101	1	hence	hence	ADV
ajfa-3012	101	2	,	,	PUNCT
ajfa-3012	101	3	a	a	DET
ajfa-3012	101	4	dynamic	dynamic	ADJ
ajfa-3012	101	5	specification	specification	NOUN
ajfa-3012	101	6	of	of	ADP
ajfa-3012	101	7	equation	equation	NOUN
ajfa-3012	101	8	1	1	NUM
ajfa-3012	101	9	is	be	AUX
ajfa-3012	101	10	utilised	utilise	VERB
ajfa-3012	101	11	by	by	ADP
ajfa-3012	101	12	including	include	VERB
ajfa-3012	101	13	a	a	DET
ajfa-3012	101	14	lagged	lag	VERB
ajfa-3012	101	15	dependent	dependent	ADJ
ajfa-3012	101	16	variable	variable	NOUN
ajfa-3012	101	17	among	among	ADP
ajfa-3012	101	18	the	the	DET
ajfa-3012	101	19	regressors	regressor	NOUN
ajfa-3012	101	20	to	to	PART
ajfa-3012	101	21	account	account	VERB
ajfa-3012	101	22	for	for	ADP
ajfa-3012	101	23	profit	profit	NOUN
ajfa-3012	101	24	persistency	persistency	NOUN
ajfa-3012	101	25	as	as	SCONJ
ajfa-3012	101	26	follows	follow	VERB
ajfa-3012	101	27	:	:	PUNCT
ajfa-3012	102	1	=	=	PUNCT
ajfa-3012	102	2	c	c	X
ajfa-3012	102	3	+	+	PUNCT
ajfa-3012	102	4	,	,	PUNCT
ajfa-3012	102	5	+	+	PUNCT
ajfa-3012	103	1	+	+	PUNCT
ajfa-3012	103	2	+	+	PUNCT
ajfa-3012	103	3	+	+	CCONJ
ajfa-3012	103	4	+	+	CCONJ
ajfa-3012	103	5	,	,	PUNCT
ajfa-3012	103	6	(	(	PUNCT
ajfa-3012	103	7	2	2	X
ajfa-3012	103	8	)	)	PUNCT
ajfa-3012	103	9	where	where	SCONJ
ajfa-3012	103	10	πi¸t-1	πi¸t-1	PROPN
ajfa-3012	103	11	is	be	AUX
ajfa-3012	103	12	the	the	DET
ajfa-3012	103	13	one	one	NUM
ajfa-3012	103	14	-	-	PUNCT
ajfa-3012	103	15	period	period	NOUN
ajfa-3012	103	16	lagged	lag	VERB
ajfa-3012	103	17	profitability	profitability	NOUN
ajfa-3012	103	18	and	and	CCONJ
ajfa-3012	103	19	δ	δ	PROPN
ajfa-3012	103	20	is	be	AUX
ajfa-3012	103	21	the	the	DET
ajfa-3012	103	22	speed	speed	NOUN
ajfa-3012	103	23	of	of	ADP
ajfa-3012	103	24	adjustment	adjustment	NOUN
ajfa-3012	103	25	to	to	ADP
ajfa-3012	103	26	equilibrium	equilibrium	NOUN
ajfa-3012	103	27	.	.	PUNCT
ajfa-3012	104	1	if	if	SCONJ
ajfa-3012	104	2	δ	δ	PROPN
ajfa-3012	104	3	takes	take	VERB
ajfa-3012	104	4	a	a	DET
ajfa-3012	104	5	value	value	NOUN
ajfa-3012	104	6	close	close	ADV
ajfa-3012	104	7	to	to	ADP
ajfa-3012	104	8	0	0	NUM
ajfa-3012	104	9	,	,	PUNCT
ajfa-3012	104	10	it	it	PRON
ajfa-3012	104	11	means	mean	VERB
ajfa-3012	104	12	that	that	SCONJ
ajfa-3012	104	13	industry	industry	NOUN
ajfa-3012	104	14	has	have	VERB
ajfa-3012	104	15	high	high	ADJ
ajfa-3012	104	16	speed	speed	NOUN
ajfa-3012	104	17	of	of	ADP
ajfa-3012	104	18	adjustment	adjustment	NOUN
ajfa-3012	104	19	to	to	ADP
ajfa-3012	104	20	equilibrium	equilibrium	NOUN
ajfa-3012	104	21	while	while	SCONJ
ajfa-3012	104	22	a	a	DET
ajfa-3012	104	23	value	value	NOUN
ajfa-3012	104	24	of	of	ADP
ajfa-3012	104	25	δ	δ	PROPN
ajfa-3012	104	26	close	close	ADJ
ajfa-3012	104	27	to	to	ADP
ajfa-3012	104	28	1	1	NUM
ajfa-3012	104	29	implies	imply	VERB
ajfa-3012	104	30	very	very	ADV
ajfa-3012	104	31	slow	slow	ADJ
ajfa-3012	104	32	adjustment	adjustment	NOUN
ajfa-3012	104	33	to	to	ADP
ajfa-3012	104	34	equilibrium	equilibrium	NOUN
ajfa-3012	104	35	.	.	PUNCT
ajfa-3012	105	1	asian	asian	ADJ
ajfa-3012	105	2	journal	journal	PROPN
ajfa-3012	105	3	of	of	ADP
ajfa-3012	105	4	finance	finance	PROPN
ajfa-3012	105	5	&	&	CCONJ
ajfa-3012	105	6	accounting	accounting	PROPN
ajfa-3012	105	7	issn	issn	PROPN
ajfa-3012	105	8	1946	1946	NUM
ajfa-3012	105	9	-	-	PUNCT
ajfa-3012	105	10	052x	052x	NOUN
ajfa-3012	105	11	2013	2013	NUM
ajfa-3012	105	12	,	,	PUNCT
ajfa-3012	105	13	vol	vol	NOUN
ajfa-3012	105	14	.	.	PROPN
ajfa-3012	105	15	5	5	NUM
ajfa-3012	105	16	,	,	PUNCT
ajfa-3012	105	17	no	no	INTJ
ajfa-3012	105	18	.	.	NOUN
ajfa-3012	105	19	1	1	NUM
ajfa-3012	105	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	105	21	371	371	NUM
ajfa-3012	105	22	for	for	ADP
ajfa-3012	105	23	empirical	empirical	ADJ
ajfa-3012	105	24	investigation	investigation	NOUN
ajfa-3012	105	25	,	,	PUNCT
ajfa-3012	105	26	equation	equation	NOUN
ajfa-3012	105	27	(	(	PUNCT
ajfa-3012	105	28	2	2	X
ajfa-3012	105	29	)	)	PUNCT
ajfa-3012	105	30	is	be	AUX
ajfa-3012	105	31	expanded	expand	VERB
ajfa-3012	105	32	as	as	SCONJ
ajfa-3012	105	33	follows	follow	VERB
ajfa-3012	105	34	:	:	PUNCT
ajfa-3012	106	1	=	=	PUNCT
ajfa-3012	106	2	c	c	X
ajfa-3012	106	3	+	+	PUNCT
ajfa-3012	106	4	,	,	PUNCT
ajfa-3012	106	5	+	+	PUNCT
ajfa-3012	107	1	+	+	PUNCT
ajfa-3012	107	2	+	+	PUNCT
ajfa-3012	107	3	+	+	PUNCT
ajfa-3012	107	4	+	+	PUNCT
ajfa-3012	107	5	+	+	ADJ
ajfa-3012	107	6	+	+	ADJ
ajfa-3012	107	7	+	+	CCONJ
ajfa-3012	107	8	+	+	CCONJ
ajfa-3012	107	9	∑	∑	PROPN
ajfa-3012	107	10	+	+	NOUN
ajfa-3012	107	11	,	,	PUNCT
ajfa-3012	107	12	(	(	PUNCT
ajfa-3012	107	13	3	3	X
ajfa-3012	107	14	)	)	PUNCT
ajfa-3012	107	15	where	where	SCONJ
ajfa-3012	107	16	subscript	subscript	NOUN
ajfa-3012	107	17	roaa	roaa	VERB
ajfa-3012	107	18	denotes	denotes	PROPN
ajfa-3012	107	19	bank	bank	NOUN
ajfa-3012	107	20	profitability	profitability	NOUN
ajfa-3012	107	21	,	,	PUNCT
ajfa-3012	107	22	eq	eq	PROPN
ajfa-3012	107	23	bank	bank	PROPN
ajfa-3012	107	24	equity	equity	NOUN
ajfa-3012	107	25	capital	capital	NOUN
ajfa-3012	107	26	,	,	PUNCT
ajfa-3012	107	27	risk	risk	NOUN
ajfa-3012	107	28	bank	bank	NOUN
ajfa-3012	107	29	liquidity	liquidity	NOUN
ajfa-3012	107	30	ratio	ratio	NOUN
ajfa-3012	107	31	,	,	PUNCT
ajfa-3012	107	32	eff	eff	PROPN
ajfa-3012	107	33	technical	technical	ADJ
ajfa-3012	107	34	efficiency	efficiency	NOUN
ajfa-3012	107	35	,	,	PUNCT
ajfa-3012	107	36	tassets	tassets	PROPN
ajfa-3012	107	37	bank	bank	NOUN
ajfa-3012	107	38	size	size	NOUN
ajfa-3012	107	39	,	,	PUNCT
ajfa-3012	107	40	comp	comp	NOUN
ajfa-3012	107	41	industry	industry	NOUN
ajfa-3012	107	42	competition	competition	NOUN
ajfa-3012	107	43	,	,	PUNCT
ajfa-3012	107	44	rol	rol	NOUN
ajfa-3012	107	45	rule	rule	NOUN
ajfa-3012	107	46	of	of	ADP
ajfa-3012	107	47	law	law	NOUN
ajfa-3012	107	48	,	,	PUNCT
ajfa-3012	107	49	corr	corr	PROPN
ajfa-3012	107	50	control	control	NOUN
ajfa-3012	107	51	of	of	ADP
ajfa-3012	107	52	corruption	corruption	NOUN
ajfa-3012	107	53	and	and	CCONJ
ajfa-3012	107	54	tax	tax	NOUN
ajfa-3012	107	55	represents	represent	VERB
ajfa-3012	107	56	tax	tax	NOUN
ajfa-3012	107	57	rate	rate	NOUN
ajfa-3012	107	58	.	.	PUNCT
ajfa-3012	108	1	these	these	DET
ajfa-3012	108	2	variable	variable	ADJ
ajfa-3012	108	3	definitions	definition	NOUN
ajfa-3012	108	4	,	,	PUNCT
ajfa-3012	108	5	summarised	summarise	VERB
ajfa-3012	108	6	in	in	ADP
ajfa-3012	108	7	table	table	NOUN
ajfa-3012	108	8	3	3	NUM
ajfa-3012	108	9	,	,	PUNCT
ajfa-3012	108	10	are	be	AUX
ajfa-3012	108	11	now	now	ADV
ajfa-3012	108	12	each	each	PRON
ajfa-3012	108	13	discussed	discuss	VERB
ajfa-3012	108	14	separately	separately	ADV
ajfa-3012	108	15	.	.	PUNCT
ajfa-3012	109	1	table	table	NOUN
ajfa-3012	109	2	3	3	NUM
ajfa-3012	109	3	.	.	PUNCT
ajfa-3012	110	1	variable	variable	ADJ
ajfa-3012	110	2	definitions	definition	NOUN
ajfa-3012	110	3	variables	variable	VERB
ajfa-3012	110	4	definitions	definition	NOUN
ajfa-3012	110	5	supporting	support	VERB
ajfa-3012	110	6	literature	literature	NOUN
ajfa-3012	110	7	roaa	roaa	VERB
ajfa-3012	110	8	the	the	DET
ajfa-3012	110	9	return	return	NOUN
ajfa-3012	110	10	on	on	ADP
ajfa-3012	110	11	average	average	ADJ
ajfa-3012	110	12	total	total	ADJ
ajfa-3012	110	13	assets	asset	NOUN
ajfa-3012	110	14	pasiouras	pasioura	NOUN
ajfa-3012	110	15	and	and	CCONJ
ajfa-3012	110	16	kosmidou	kosmidou	PROPN
ajfa-3012	110	17	(	(	PUNCT
ajfa-3012	110	18	2007	2007	NUM
ajfa-3012	110	19	)	)	PUNCT
ajfa-3012	110	20	;	;	PUNCT
ajfa-3012	110	21	athanasoglou	athanasoglou	PROPN
ajfa-3012	110	22	,	,	PUNCT
ajfa-3012	110	23	brissimis	brissimis	PROPN
ajfa-3012	110	24	and	and	CCONJ
ajfa-3012	110	25	delis	deli	NOUN
ajfa-3012	110	26	(	(	PUNCT
ajfa-3012	110	27	2008	2008	NUM
ajfa-3012	110	28	)	)	PUNCT
ajfa-3012	110	29	eq	eq	ADP
ajfa-3012	110	30	equity	equity	NOUN
ajfa-3012	110	31	per	per	ADP
ajfa-3012	110	32	dollar	dollar	NOUN
ajfa-3012	110	33	of	of	ADP
ajfa-3012	110	34	total	total	ADJ
ajfa-3012	110	35	assets	asset	NOUN
ajfa-3012	110	36	molyneux	molyneux	PROPN
ajfa-3012	110	37	and	and	CCONJ
ajfa-3012	110	38	thornton	thornton	PROPN
ajfa-3012	110	39	(	(	PUNCT
ajfa-3012	110	40	1992	1992	NUM
ajfa-3012	110	41	)	)	PUNCT
ajfa-3012	110	42	;	;	PUNCT
ajfa-3012	110	43	pasiouras	pasioura	NOUN
ajfa-3012	110	44	and	and	CCONJ
ajfa-3012	110	45	kosmidou	kosmidou	PROPN
ajfa-3012	110	46	(	(	PUNCT
ajfa-3012	110	47	2007	2007	NUM
ajfa-3012	110	48	)	)	PUNCT
ajfa-3012	110	49	;	;	PUNCT
ajfa-3012	110	50	athanasoglou	athanasoglou	PROPN
ajfa-3012	110	51	,	,	PUNCT
ajfa-3012	110	52	brissimis	brissimis	PROPN
ajfa-3012	110	53	and	and	CCONJ
ajfa-3012	110	54	delis	deli	NOUN
ajfa-3012	110	55	(	(	PUNCT
ajfa-3012	110	56	2008	2008	NUM
ajfa-3012	110	57	)	)	PUNCT
ajfa-3012	110	58	risk	risk	NOUN
ajfa-3012	110	59	loans	loan	NOUN
ajfa-3012	110	60	per	per	ADP
ajfa-3012	110	61	dollar	dollar	NOUN
ajfa-3012	110	62	of	of	ADP
ajfa-3012	110	63	deposits	deposit	NOUN
ajfa-3012	110	64	and	and	CCONJ
ajfa-3012	110	65	short	short	ADJ
ajfa-3012	110	66	-	-	PUNCT
ajfa-3012	110	67	term	term	NOUN
ajfa-3012	110	68	funds	fund	NOUN
ajfa-3012	110	69	pasiouras	pasioura	NOUN
ajfa-3012	110	70	and	and	CCONJ
ajfa-3012	110	71	kosmidou	kosmidou	PROPN
ajfa-3012	110	72	(	(	PUNCT
ajfa-3012	110	73	2007	2007	NUM
ajfa-3012	110	74	)	)	PUNCT
ajfa-3012	110	75	;	;	PUNCT
ajfa-3012	110	76	kosmidou	kosmidou	PROPN
ajfa-3012	110	77	(	(	PUNCT
ajfa-3012	110	78	2008	2008	NUM
ajfa-3012	110	79	)	)	PUNCT
ajfa-3012	110	80	eff	eff	PROPN
ajfa-3012	110	81	dea	dea	PROPN
ajfa-3012	110	82	technical	technical	PROPN
ajfa-3012	110	83	efficiency	efficiency	PROPN
ajfa-3012	110	84	scores	score	NOUN
ajfa-3012	110	85	charnes	charne	NOUN
ajfa-3012	110	86	et	et	PROPN
ajfa-3012	110	87	al	al	PROPN
ajfa-3012	110	88	.	.	PROPN
ajfa-3012	110	89	,	,	PUNCT
ajfa-3012	110	90	(	(	PUNCT
ajfa-3012	110	91	1978	1978	NUM
ajfa-3012	110	92	)	)	PUNCT
ajfa-3012	110	93	;	;	PUNCT
ajfa-3012	110	94	nakane	nakane	PROPN
ajfa-3012	110	95	and	and	CCONJ
ajfa-3012	110	96	weintraub	weintraub	PROPN
ajfa-3012	110	97	(	(	PUNCT
ajfa-3012	110	98	2005	2005	NUM
ajfa-3012	110	99	)	)	PUNCT
ajfa-3012	110	100	;	;	PUNCT
ajfa-3012	110	101	yi	yi	PROPN
ajfa-3012	110	102	-	-	PUNCT
ajfa-3012	110	103	hsing	hsing	PROPN
ajfa-3012	110	104	et	et	PROPN
ajfa-3012	110	105	al	al	PROPN
ajfa-3012	110	106	.	.	PROPN
ajfa-3012	110	107	,	,	PUNCT
ajfa-3012	110	108	2007	2007	NUM
ajfa-3012	110	109	comp	comp	NOUN
ajfa-3012	110	110	h	h	PROPN
ajfa-3012	110	111	statistic	statistic	PROPN
ajfa-3012	110	112	/	/	SYM
ajfa-3012	110	113	herfindahl	herfindahl	NOUN
ajfa-3012	110	114	-	-	PUNCT
ajfa-3012	110	115	hirschman	hirschman	NOUN
ajfa-3012	110	116	index	index	NOUN
ajfa-3012	110	117	(	(	PUNCT
ajfa-3012	110	118	hhi	hhi	NOUN
ajfa-3012	110	119	)	)	PUNCT
ajfa-3012	110	120	panzar	panzar	NOUN
ajfa-3012	110	121	and	and	CCONJ
ajfa-3012	110	122	rosse	rosse	PROPN
ajfa-3012	110	123	(	(	PUNCT
ajfa-3012	110	124	1987	1987	NUM
ajfa-3012	110	125	)	)	PUNCT
ajfa-3012	110	126	;	;	PUNCT
ajfa-3012	110	127	bikker	bikker	NOUN
ajfa-3012	110	128	and	and	CCONJ
ajfa-3012	110	129	haaf	haaf	NOUN
ajfa-3012	110	130	(	(	PUNCT
ajfa-3012	110	131	2002	2002	NUM
ajfa-3012	110	132	)	)	PUNCT
ajfa-3012	110	133	rol	rol	VERB
ajfa-3012	110	134	the	the	DET
ajfa-3012	110	135	rule	rule	NOUN
ajfa-3012	110	136	of	of	ADP
ajfa-3012	110	137	law	law	NOUN
ajfa-3012	110	138	index	index	NOUN
ajfa-3012	110	139	kaufmann	kaufmann	PROPN
ajfa-3012	110	140	,	,	PUNCT
ajfa-3012	110	141	kraay	kraay	ADJ
ajfa-3012	110	142	and	and	CCONJ
ajfa-3012	110	143	mastruzzi	mastruzzi	ADJ
ajfa-3012	110	144	(	(	PUNCT
ajfa-3012	110	145	2007	2007	NUM
ajfa-3012	110	146	)	)	PUNCT
ajfa-3012	110	147	corr	corr	NOUN
ajfa-3012	110	148	the	the	DET
ajfa-3012	110	149	control	control	NOUN
ajfa-3012	110	150	of	of	ADP
ajfa-3012	110	151	corruption	corruption	NOUN
ajfa-3012	110	152	index	index	NOUN
ajfa-3012	110	153	kaufmann	kaufmann	PROPN
ajfa-3012	110	154	,	,	PUNCT
ajfa-3012	110	155	kraay	kraay	ADJ
ajfa-3012	110	156	and	and	CCONJ
ajfa-3012	110	157	mastruzzi	mastruzzi	ADJ
ajfa-3012	110	158	(	(	PUNCT
ajfa-3012	110	159	2007	2007	NUM
ajfa-3012	110	160	)	)	PUNCT
ajfa-3012	110	161	tax	tax	NOUN
ajfa-3012	110	162	tax	tax	NOUN
ajfa-3012	110	163	paid	pay	VERB
ajfa-3012	110	164	on	on	ADP
ajfa-3012	110	165	profit	profit	NOUN
ajfa-3012	110	166	before	before	ADP
ajfa-3012	110	167	tax	tax	PROPN
ajfa-3012	110	168	demirguc	demirguc	PROPN
ajfa-3012	110	169	-	-	PUNCT
ajfa-3012	110	170	kunt	kunt	PROPN
ajfa-3012	110	171	and	and	CCONJ
ajfa-3012	110	172	huizinga	huizinga	ADV
ajfa-3012	110	173	(	(	PUNCT
ajfa-3012	110	174	1999	1999	NUM
ajfa-3012	110	175	)	)	PUNCT
ajfa-3012	110	176	with	with	ADP
ajfa-3012	110	177	regard	regard	NOUN
ajfa-3012	110	178	to	to	ADP
ajfa-3012	110	179	the	the	DET
ajfa-3012	110	180	independent	independent	ADJ
ajfa-3012	110	181	variable	variable	NOUN
ajfa-3012	110	182	,	,	PUNCT
ajfa-3012	110	183	i.e.	i.e.	X
ajfa-3012	110	184	,	,	PUNCT
ajfa-3012	110	185	roaa	roaa	VERB
ajfa-3012	110	186	,	,	PUNCT
ajfa-3012	110	187	we	we	PRON
ajfa-3012	110	188	employ	employ	VERB
ajfa-3012	110	189	average	average	ADJ
ajfa-3012	110	190	value	value	NOUN
ajfa-3012	110	191	of	of	ADP
ajfa-3012	110	192	assets	asset	NOUN
ajfa-3012	110	193	rather	rather	ADV
ajfa-3012	110	194	than	than	ADP
ajfa-3012	110	195	end	end	NOUN
ajfa-3012	110	196	-	-	PUNCT
ajfa-3012	110	197	year	year	NOUN
ajfa-3012	110	198	values	value	NOUN
ajfa-3012	110	199	in	in	ADP
ajfa-3012	110	200	order	order	NOUN
ajfa-3012	110	201	to	to	PART
ajfa-3012	110	202	avoid	avoid	VERB
ajfa-3012	110	203	possible	possible	ADJ
ajfa-3012	110	204	use	use	NOUN
ajfa-3012	110	205	of	of	ADP
ajfa-3012	110	206	window	window	NOUN
ajfa-3012	110	207	dressing	dressing	NOUN
ajfa-3012	110	208	techniques	technique	NOUN
ajfa-3012	110	209	as	as	SCONJ
ajfa-3012	110	210	profits	profit	NOUN
ajfa-3012	110	211	are	be	AUX
ajfa-3012	110	212	a	a	DET
ajfa-3012	110	213	flow	flow	NOUN
ajfa-3012	110	214	variable	variable	NOUN
ajfa-3012	110	215	generated	generate	VERB
ajfa-3012	110	216	during	during	ADP
ajfa-3012	110	217	the	the	DET
ajfa-3012	110	218	year	year	NOUN
ajfa-3012	110	219	.	.	PUNCT
ajfa-3012	111	1	the	the	DET
ajfa-3012	111	2	use	use	NOUN
ajfa-3012	111	3	of	of	ADP
ajfa-3012	111	4	average	average	ADJ
ajfa-3012	111	5	assets	asset	NOUN
ajfa-3012	111	6	values	value	NOUN
ajfa-3012	111	7	is	be	AUX
ajfa-3012	111	8	found	find	VERB
ajfa-3012	111	9	to	to	PART
ajfa-3012	111	10	be	be	AUX
ajfa-3012	111	11	more	more	ADV
ajfa-3012	111	12	reliable	reliable	ADJ
ajfa-3012	111	13	measure	measure	NOUN
ajfa-3012	111	14	of	of	ADP
ajfa-3012	111	15	profitability	profitability	NOUN
ajfa-3012	111	16	as	as	SCONJ
ajfa-3012	111	17	it	it	PRON
ajfa-3012	111	18	captures	capture	VERB
ajfa-3012	111	19	any	any	DET
ajfa-3012	111	20	differences	difference	NOUN
ajfa-3012	111	21	that	that	PRON
ajfa-3012	111	22	occurred	occur	VERB
ajfa-3012	111	23	in	in	ADP
ajfa-3012	111	24	assets	asset	NOUN
ajfa-3012	111	25	during	during	ADP
ajfa-3012	111	26	the	the	DET
ajfa-3012	111	27	fiscal	fiscal	ADJ
ajfa-3012	111	28	year	year	NOUN
ajfa-3012	111	29	(	(	PUNCT
ajfa-3012	111	30	athanasoglou	athanasoglou	PROPN
ajfa-3012	111	31	,	,	PUNCT
ajfa-3012	111	32	brissimis	brissimis	PROPN
ajfa-3012	111	33	and	and	CCONJ
ajfa-3012	111	34	delis	deli	NOUN
ajfa-3012	111	35	2008	2008	NUM
ajfa-3012	111	36	)	)	PUNCT
ajfa-3012	111	37	.	.	PUNCT
ajfa-3012	112	1	the	the	DET
ajfa-3012	112	2	ratio	ratio	NOUN
ajfa-3012	112	3	of	of	ADP
ajfa-3012	112	4	equity	equity	NOUN
ajfa-3012	112	5	to	to	ADP
ajfa-3012	112	6	total	total	ADJ
ajfa-3012	112	7	assets	asset	NOUN
ajfa-3012	112	8	(	(	PUNCT
ajfa-3012	112	9	eq	eq	NOUN
ajfa-3012	112	10	in	in	ADP
ajfa-3012	112	11	equation	equation	NOUN
ajfa-3012	112	12	3	3	NUM
ajfa-3012	112	13	)	)	PUNCT
ajfa-3012	112	14	is	be	AUX
ajfa-3012	112	15	used	use	VERB
ajfa-3012	112	16	as	as	ADP
ajfa-3012	112	17	the	the	DET
ajfa-3012	112	18	proxy	proxy	NOUN
ajfa-3012	112	19	for	for	ADP
ajfa-3012	112	20	a	a	DET
ajfa-3012	112	21	bank	bank	NOUN
ajfa-3012	112	22	’s	’s	PART
ajfa-3012	112	23	capital	capital	NOUN
ajfa-3012	112	24	strength	strength	NOUN
ajfa-3012	112	25	.	.	PUNCT
ajfa-3012	113	1	banks	bank	NOUN
ajfa-3012	113	2	with	with	ADP
ajfa-3012	113	3	higher	high	ADJ
ajfa-3012	113	4	capital	capital	NOUN
ajfa-3012	113	5	-	-	PUNCT
ajfa-3012	113	6	assets	asset	NOUN
ajfa-3012	113	7	ratios	ratio	NOUN
ajfa-3012	113	8	have	have	VERB
ajfa-3012	113	9	low	low	ADJ
ajfa-3012	113	10	levels	level	NOUN
ajfa-3012	113	11	of	of	ADP
ajfa-3012	113	12	leverage	leverage	NOUN
ajfa-3012	113	13	and	and	CCONJ
ajfa-3012	113	14	therefore	therefore	ADV
ajfa-3012	113	15	,	,	PUNCT
ajfa-3012	113	16	less	less	ADJ
ajfa-3012	113	17	risk	risk	NOUN
ajfa-3012	113	18	.	.	PUNCT
ajfa-3012	114	1	this	this	PRON
ajfa-3012	114	2	reduces	reduce	VERB
ajfa-3012	114	3	cost	cost	NOUN
ajfa-3012	114	4	of	of	ADP
ajfa-3012	114	5	capital	capital	NOUN
ajfa-3012	114	6	for	for	ADP
ajfa-3012	114	7	the	the	DET
ajfa-3012	114	8	bank	bank	NOUN
ajfa-3012	114	9	and	and	CCONJ
ajfa-3012	114	10	increases	increase	VERB
ajfa-3012	114	11	its	its	PRON
ajfa-3012	114	12	profitability	profitability	NOUN
ajfa-3012	114	13	.	.	PUNCT
ajfa-3012	115	1	hence	hence	ADV
ajfa-3012	115	2	,	,	PUNCT
ajfa-3012	115	3	a	a	DET
ajfa-3012	115	4	positive	positive	ADJ
ajfa-3012	115	5	coefficient	coefficient	NOUN
ajfa-3012	115	6	for	for	ADP
ajfa-3012	115	7	eq	eq	NOUN
ajfa-3012	115	8	variable	variable	NOUN
ajfa-3012	115	9	is	be	AUX
ajfa-3012	115	10	expected	expect	VERB
ajfa-3012	115	11	.	.	PUNCT
ajfa-3012	116	1	the	the	DET
ajfa-3012	116	2	ratio	ratio	NOUN
ajfa-3012	116	3	of	of	ADP
ajfa-3012	116	4	loans	loan	NOUN
ajfa-3012	116	5	to	to	ADP
ajfa-3012	116	6	deposits	deposit	NOUN
ajfa-3012	116	7	and	and	CCONJ
ajfa-3012	116	8	short	short	ADJ
ajfa-3012	116	9	term	term	NOUN
ajfa-3012	116	10	funding	funding	NOUN
ajfa-3012	116	11	(	(	PUNCT
ajfa-3012	116	12	risk	risk	NOUN
ajfa-3012	116	13	in	in	ADP
ajfa-3012	116	14	equation	equation	NOUN
ajfa-3012	116	15	3	3	NUM
ajfa-3012	116	16	)	)	PUNCT
ajfa-3012	116	17	is	be	AUX
ajfa-3012	116	18	used	use	VERB
ajfa-3012	116	19	as	as	ADP
ajfa-3012	116	20	the	the	DET
ajfa-3012	116	21	proxy	proxy	NOUN
ajfa-3012	116	22	for	for	ADP
ajfa-3012	116	23	banking	banking	NOUN
ajfa-3012	116	24	risk	risk	NOUN
ajfa-3012	116	25	(	(	PUNCT
ajfa-3012	116	26	pasiouras	pasiouras	NOUN
ajfa-3012	116	27	and	and	CCONJ
ajfa-3012	116	28	kosmidou	kosmidou	PROPN
ajfa-3012	116	29	2007	2007	NUM
ajfa-3012	116	30	and	and	CCONJ
ajfa-3012	116	31	kosmidou	kosmidou	PROPN
ajfa-3012	116	32	2008	2008	NUM
ajfa-3012	116	33	)	)	PUNCT
ajfa-3012	116	34	.	.	PUNCT
ajfa-3012	117	1	in	in	ADP
ajfa-3012	117	2	fact	fact	NOUN
ajfa-3012	117	3	,	,	PUNCT
ajfa-3012	117	4	this	this	DET
ajfa-3012	117	5	ratio	ratio	NOUN
ajfa-3012	117	6	captures	capture	VERB
ajfa-3012	117	7	both	both	DET
ajfa-3012	117	8	credit	credit	NOUN
ajfa-3012	117	9	risk	risk	NOUN
ajfa-3012	117	10	and	and	CCONJ
ajfa-3012	117	11	liquidity	liquidity	NOUN
ajfa-3012	117	12	risk	risk	NOUN
ajfa-3012	117	13	and	and	CCONJ
ajfa-3012	117	14	affects	affect	VERB
ajfa-3012	117	15	profitability	profitability	NOUN
ajfa-3012	117	16	in	in	ADP
ajfa-3012	117	17	multiple	multiple	ADJ
ajfa-3012	117	18	ways	way	NOUN
ajfa-3012	117	19	.	.	PUNCT
ajfa-3012	118	1	for	for	ADP
ajfa-3012	118	2	asian	asian	ADJ
ajfa-3012	118	3	journal	journal	PROPN
ajfa-3012	118	4	of	of	ADP
ajfa-3012	118	5	finance	finance	PROPN
ajfa-3012	118	6	&	&	CCONJ
ajfa-3012	118	7	accounting	accounting	PROPN
ajfa-3012	118	8	issn	issn	PROPN
ajfa-3012	118	9	1946	1946	NUM
ajfa-3012	118	10	-	-	PUNCT
ajfa-3012	118	11	052x	052x	NOUN
ajfa-3012	118	12	2013	2013	NUM
ajfa-3012	118	13	,	,	PUNCT
ajfa-3012	118	14	vol	vol	NOUN
ajfa-3012	118	15	.	.	PROPN
ajfa-3012	118	16	5	5	NUM
ajfa-3012	118	17	,	,	PUNCT
ajfa-3012	118	18	no	no	INTJ
ajfa-3012	118	19	.	.	NOUN
ajfa-3012	118	20	1	1	NUM
ajfa-3012	118	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	118	22	372	372	NUM
ajfa-3012	118	23	example	example	NOUN
ajfa-3012	118	24	,	,	PUNCT
ajfa-3012	118	25	higher	high	ADJ
ajfa-3012	118	26	values	value	NOUN
ajfa-3012	118	27	for	for	ADP
ajfa-3012	118	28	loans	loan	NOUN
ajfa-3012	118	29	to	to	ADP
ajfa-3012	118	30	deposits	deposit	NOUN
ajfa-3012	118	31	and	and	CCONJ
ajfa-3012	118	32	short	short	ADJ
ajfa-3012	118	33	term	term	NOUN
ajfa-3012	118	34	funding	funding	NOUN
ajfa-3012	118	35	ratio	ratio	NOUN
ajfa-3012	118	36	signify	signify	VERB
ajfa-3012	118	37	(	(	PUNCT
ajfa-3012	118	38	1	1	NUM
ajfa-3012	118	39	)	)	PUNCT
ajfa-3012	118	40	more	more	ADJ
ajfa-3012	118	41	funds	fund	NOUN
ajfa-3012	118	42	invested	invest	VERB
ajfa-3012	118	43	in	in	ADP
ajfa-3012	118	44	earning	earn	VERB
ajfa-3012	118	45	assets	asset	NOUN
ajfa-3012	118	46	and	and	CCONJ
ajfa-3012	118	47	higher	high	ADJ
ajfa-3012	118	48	expected	expect	VERB
ajfa-3012	118	49	profitability	profitability	NOUN
ajfa-3012	118	50	,	,	PUNCT
ajfa-3012	118	51	(	(	PUNCT
ajfa-3012	118	52	2	2	X
ajfa-3012	118	53	)	)	PUNCT
ajfa-3012	118	54	lower	low	ADJ
ajfa-3012	118	55	holdings	holding	NOUN
ajfa-3012	118	56	of	of	ADP
ajfa-3012	118	57	liquid	liquid	ADJ
ajfa-3012	118	58	assets	asset	NOUN
ajfa-3012	118	59	and	and	CCONJ
ajfa-3012	118	60	lower	low	ADJ
ajfa-3012	118	61	expected	expect	VERB
ajfa-3012	118	62	profitability	profitability	NOUN
ajfa-3012	118	63	due	due	ADP
ajfa-3012	118	64	to	to	ADP
ajfa-3012	118	65	increased	increase	VERB
ajfa-3012	118	66	costs	cost	NOUN
ajfa-3012	118	67	of	of	ADP
ajfa-3012	118	68	purchased	purchase	VERB
ajfa-3012	118	69	funds	fund	NOUN
ajfa-3012	118	70	as	as	ADP
ajfa-3012	118	71	an	an	DET
ajfa-3012	118	72	alternative	alternative	NOUN
ajfa-3012	118	73	,	,	PUNCT
ajfa-3012	118	74	and	and	CCONJ
ajfa-3012	118	75	(	(	PUNCT
ajfa-3012	118	76	3	3	X
ajfa-3012	118	77	)	)	PUNCT
ajfa-3012	118	78	lower	low	ADJ
ajfa-3012	118	79	profitability	profitability	NOUN
ajfa-3012	118	80	due	due	ADP
ajfa-3012	118	81	to	to	ADP
ajfa-3012	118	82	increased	increase	VERB
ajfa-3012	118	83	credit	credit	NOUN
ajfa-3012	118	84	risk	risk	NOUN
ajfa-3012	118	85	and	and	CCONJ
ajfa-3012	118	86	loan	loan	NOUN
ajfa-3012	118	87	losses	loss	NOUN
ajfa-3012	118	88	.	.	PUNCT
ajfa-3012	119	1	thus	thus	ADV
ajfa-3012	119	2	,	,	PUNCT
ajfa-3012	119	3	no	no	DET
ajfa-3012	119	4	a	a	DET
ajfa-3012	119	5	priori	priori	ADJ
ajfa-3012	119	6	expectation	expectation	NOUN
ajfa-3012	119	7	is	be	AUX
ajfa-3012	119	8	made	make	VERB
ajfa-3012	119	9	about	about	ADP
ajfa-3012	119	10	the	the	DET
ajfa-3012	119	11	sign	sign	NOUN
ajfa-3012	119	12	of	of	ADP
ajfa-3012	119	13	the	the	DET
ajfa-3012	119	14	risk	risk	NOUN
ajfa-3012	119	15	variable	variable	NOUN
ajfa-3012	119	16	.	.	PUNCT
ajfa-3012	120	1	management	management	NOUN
ajfa-3012	120	2	efficiency	efficiency	NOUN
ajfa-3012	120	3	(	(	PUNCT
ajfa-3012	120	4	represented	represent	VERB
ajfa-3012	120	5	by	by	ADP
ajfa-3012	120	6	eff	eff	PROPN
ajfa-3012	120	7	in	in	ADP
ajfa-3012	120	8	equation	equation	NOUN
ajfa-3012	120	9	3	3	NUM
ajfa-3012	120	10	)	)	PUNCT
ajfa-3012	120	11	is	be	AUX
ajfa-3012	120	12	measured	measure	VERB
ajfa-3012	120	13	using	use	VERB
ajfa-3012	120	14	bank	bank	NOUN
ajfa-3012	120	15	-	-	PUNCT
ajfa-3012	120	16	specific	specific	ADJ
ajfa-3012	120	17	technical	technical	ADJ
ajfa-3012	120	18	efficiency	efficiency	NOUN
ajfa-3012	120	19	scores	score	NOUN
ajfa-3012	120	20	computed	compute	VERB
ajfa-3012	120	21	using	use	VERB
ajfa-3012	120	22	nonparametric	nonparametric	PROPN
ajfa-3012	120	23	data	datum	NOUN
ajfa-3012	120	24	envelopment	envelopment	ADJ
ajfa-3012	120	25	analysis	analysis	NOUN
ajfa-3012	120	26	(	(	PUNCT
ajfa-3012	120	27	dea	dea	NOUN
ajfa-3012	120	28	)	)	PUNCT
ajfa-3012	120	29	.	.	PUNCT
ajfa-3012	121	1	our	our	PRON
ajfa-3012	121	2	approach	approach	NOUN
ajfa-3012	121	3	is	be	AUX
ajfa-3012	121	4	consistent	consistent	ADJ
ajfa-3012	121	5	with	with	ADP
ajfa-3012	121	6	berger	berger	PROPN
ajfa-3012	121	7	and	and	CCONJ
ajfa-3012	121	8	humphrey	humphrey	PROPN
ajfa-3012	121	9	(	(	PUNCT
ajfa-3012	121	10	1997	1997	NUM
ajfa-3012	121	11	)	)	PUNCT
ajfa-3012	121	12	who	who	PRON
ajfa-3012	121	13	profess	profess	VERB
ajfa-3012	121	14	that	that	SCONJ
ajfa-3012	121	15	frontier	frontier	NOUN
ajfa-3012	121	16	-	-	PUNCT
ajfa-3012	121	17	based	base	VERB
ajfa-3012	121	18	efficiency	efficiency	NOUN
ajfa-3012	121	19	scores	score	NOUN
ajfa-3012	121	20	provide	provide	VERB
ajfa-3012	121	21	more	more	ADV
ajfa-3012	121	22	reliable	reliable	ADJ
ajfa-3012	121	23	management	management	NOUN
ajfa-3012	121	24	efficiency	efficiency	NOUN
ajfa-3012	121	25	measures	measure	NOUN
ajfa-3012	121	26	.	.	PUNCT
ajfa-3012	122	1	moreover	moreover	ADV
ajfa-3012	122	2	,	,	PUNCT
ajfa-3012	122	3	the	the	DET
ajfa-3012	122	4	expense	expense	NOUN
ajfa-3012	122	5	ratios	ratio	NOUN
ajfa-3012	122	6	used	use	VERB
ajfa-3012	122	7	in	in	ADP
ajfa-3012	122	8	prior	prior	ADJ
ajfa-3012	122	9	bank	bank	NOUN
ajfa-3012	122	10	profitability	profitability	NOUN
ajfa-3012	122	11	studies	study	NOUN
ajfa-3012	122	12	suffer	suffer	VERB
ajfa-3012	122	13	bias	bias	NOUN
ajfa-3012	122	14	due	due	ADP
ajfa-3012	122	15	to	to	ADP
ajfa-3012	122	16	accounting	accounting	NOUN
ajfa-3012	122	17	adjustments	adjustment	NOUN
ajfa-3012	122	18	.	.	PUNCT
ajfa-3012	123	1	in	in	ADP
ajfa-3012	123	2	the	the	DET
ajfa-3012	123	3	dea	dea	PROPN
ajfa-3012	123	4	algorithms	algorithm	NOUN
ajfa-3012	123	5	,	,	PUNCT
ajfa-3012	123	6	consistent	consistent	ADJ
ajfa-3012	123	7	with	with	ADP
ajfa-3012	123	8	the	the	DET
ajfa-3012	123	9	intermediation	intermediation	NOUN
ajfa-3012	123	10	approach	approach	NOUN
ajfa-3012	123	11	,	,	PUNCT
ajfa-3012	123	12	banks	bank	NOUN
ajfa-3012	123	13	are	be	AUX
ajfa-3012	123	14	viewed	view	VERB
ajfa-3012	123	15	as	as	ADP
ajfa-3012	123	16	combining	combine	VERB
ajfa-3012	123	17	deposits	deposit	NOUN
ajfa-3012	123	18	and	and	CCONJ
ajfa-3012	123	19	equity	equity	NOUN
ajfa-3012	123	20	capital	capital	NOUN
ajfa-3012	123	21	to	to	PART
ajfa-3012	123	22	generate	generate	VERB
ajfa-3012	123	23	net	net	ADJ
ajfa-3012	123	24	total	total	ADJ
ajfa-3012	123	25	loans	loan	NOUN
ajfa-3012	123	26	and	and	CCONJ
ajfa-3012	123	27	other	other	ADJ
ajfa-3012	123	28	earning	earn	VERB
ajfa-3012	123	29	assets	asset	NOUN
ajfa-3012	123	30	.	.	PUNCT
ajfa-3012	124	1	with	with	ADP
ajfa-3012	124	2	regard	regard	NOUN
ajfa-3012	124	3	to	to	ADP
ajfa-3012	124	4	input	input	NOUN
ajfa-3012	124	5	-	-	PUNCT
ajfa-3012	124	6	output	output	NOUN
ajfa-3012	124	7	orientation	orientation	NOUN
ajfa-3012	124	8	,	,	PUNCT
ajfa-3012	124	9	we	we	PRON
ajfa-3012	124	10	recognise	recognise	VERB
ajfa-3012	124	11	that	that	SCONJ
ajfa-3012	124	12	profit	profit	NOUN
ajfa-3012	124	13	maximisation	maximisation	NOUN
ajfa-3012	124	14	requires	require	VERB
ajfa-3012	124	15	a	a	DET
ajfa-3012	124	16	bank	bank	NOUN
ajfa-3012	124	17	to	to	PART
ajfa-3012	124	18	produce	produce	VERB
ajfa-3012	124	19	the	the	DET
ajfa-3012	124	20	maximum	maximum	ADJ
ajfa-3012	124	21	output	output	NOUN
ajfa-3012	124	22	given	give	VERB
ajfa-3012	124	23	the	the	DET
ajfa-3012	124	24	level	level	NOUN
ajfa-3012	124	25	of	of	ADP
ajfa-3012	124	26	inputs	input	NOUN
ajfa-3012	124	27	employed	employ	VERB
ajfa-3012	124	28	(	(	PUNCT
ajfa-3012	124	29	i.e.	i.e.	X
ajfa-3012	124	30	,	,	PUNCT
ajfa-3012	124	31	be	be	AUX
ajfa-3012	124	32	technically	technically	ADV
ajfa-3012	124	33	efficient	efficient	ADJ
ajfa-3012	124	34	)	)	PUNCT
ajfa-3012	124	35	.	.	PUNCT
ajfa-3012	125	1	since	since	SCONJ
ajfa-3012	125	2	,	,	PUNCT
ajfa-3012	125	3	profitability	profitability	NOUN
ajfa-3012	125	4	improves	improve	VERB
ajfa-3012	125	5	when	when	SCONJ
ajfa-3012	125	6	banks	bank	NOUN
ajfa-3012	125	7	become	become	VERB
ajfa-3012	125	8	more	more	ADV
ajfa-3012	125	9	efficient	efficient	ADJ
ajfa-3012	125	10	a	a	DET
ajfa-3012	125	11	positive	positive	ADJ
ajfa-3012	125	12	coefficient	coefficient	NOUN
ajfa-3012	125	13	for	for	ADP
ajfa-3012	125	14	eff	eff	PROPN
ajfa-3012	125	15	variable	variable	NOUN
ajfa-3012	125	16	is	be	AUX
ajfa-3012	125	17	expected	expect	VERB
ajfa-3012	125	18	(	(	PUNCT
ajfa-3012	125	19	berger	berger	PROPN
ajfa-3012	125	20	,	,	PUNCT
ajfa-3012	125	21	hancock	hancock	PROPN
ajfa-3012	125	22	and	and	CCONJ
ajfa-3012	125	23	humphrey	humphrey	PROPN
ajfa-3012	125	24	1993	1993	NUM
ajfa-3012	125	25	)	)	PUNCT
ajfa-3012	125	26	.	.	PUNCT
ajfa-3012	126	1	bank	bank	NOUN
ajfa-3012	126	2	size	size	NOUN
ajfa-3012	126	3	(	(	PUNCT
ajfa-3012	126	4	tassets	tasset	NOUN
ajfa-3012	126	5	)	)	PUNCT
ajfa-3012	126	6	is	be	AUX
ajfa-3012	126	7	utilised	utilise	VERB
ajfa-3012	126	8	in	in	ADP
ajfa-3012	126	9	equation	equation	NOUN
ajfa-3012	126	10	3	3	NUM
ajfa-3012	126	11	to	to	PART
ajfa-3012	126	12	control	control	VERB
ajfa-3012	126	13	for	for	ADP
ajfa-3012	126	14	scale	scale	NOUN
ajfa-3012	126	15	effects	effect	NOUN
ajfa-3012	126	16	.	.	PUNCT
ajfa-3012	127	1	insofar	insofar	ADV
ajfa-3012	127	2	large	large	ADJ
ajfa-3012	127	3	banks	bank	NOUN
ajfa-3012	127	4	exert	exert	VERB
ajfa-3012	127	5	market	market	NOUN
ajfa-3012	127	6	power	power	NOUN
ajfa-3012	127	7	through	through	ADP
ajfa-3012	127	8	stronger	strong	ADJ
ajfa-3012	127	9	brand	brand	NOUN
ajfa-3012	127	10	image	image	NOUN
ajfa-3012	127	11	or	or	CCONJ
ajfa-3012	127	12	implicit	implicit	ADJ
ajfa-3012	127	13	regulatory	regulatory	ADJ
ajfa-3012	127	14	(	(	PUNCT
ajfa-3012	127	15	too	too	ADV
ajfa-3012	127	16	-	-	PUNCT
ajfa-3012	127	17	big	big	ADJ
ajfa-3012	127	18	-	-	PUNCT
ajfa-3012	127	19	to	to	AUX
ajfa-3012	127	20	-	-	PUNCT
ajfa-3012	127	21	fail	fail	VERB
ajfa-3012	127	22	)	)	PUNCT
ajfa-3012	127	23	protection	protection	NOUN
ajfa-3012	127	24	a	a	DET
ajfa-3012	127	25	positive	positive	ADJ
ajfa-3012	127	26	coefficient	coefficient	NOUN
ajfa-3012	127	27	for	for	ADP
ajfa-3012	127	28	tassets	tasset	NOUN
ajfa-3012	127	29	variable	variable	NOUN
ajfa-3012	127	30	is	be	AUX
ajfa-3012	127	31	expected	expect	VERB
ajfa-3012	127	32	.	.	PUNCT
ajfa-3012	128	1	in	in	ADP
ajfa-3012	128	2	contrast	contrast	NOUN
ajfa-3012	128	3	,	,	PUNCT
ajfa-3012	128	4	a	a	DET
ajfa-3012	128	5	negative	negative	ADJ
ajfa-3012	128	6	coefficient	coefficient	NOUN
ajfa-3012	128	7	is	be	AUX
ajfa-3012	128	8	expected	expect	VERB
ajfa-3012	128	9	if	if	SCONJ
ajfa-3012	128	10	bank	bank	NOUN
ajfa-3012	128	11	size	size	NOUN
ajfa-3012	128	12	is	be	AUX
ajfa-3012	128	13	a	a	DET
ajfa-3012	128	14	function	function	NOUN
ajfa-3012	128	15	of	of	ADP
ajfa-3012	128	16	‘	'	PUNCT
ajfa-3012	128	17	empire	empire	NOUN
ajfa-3012	128	18	building	building	NOUN
ajfa-3012	128	19	’	'	PUNCT
ajfa-3012	128	20	by	by	ADP
ajfa-3012	128	21	managers	manager	NOUN
ajfa-3012	128	22	and/or	and/or	CCONJ
ajfa-3012	128	23	government	government	NOUN
ajfa-3012	128	24	-	-	PUNCT
ajfa-3012	128	25	sponsored	sponsor	VERB
ajfa-3012	128	26	funding	funding	NOUN
ajfa-3012	128	27	programmes	programme	NOUN
ajfa-3012	128	28	.	.	PUNCT
ajfa-3012	129	1	bank	bank	NOUN
ajfa-3012	129	2	competition	competition	NOUN
ajfa-3012	129	3	(	(	PUNCT
ajfa-3012	129	4	represented	represent	VERB
ajfa-3012	129	5	by	by	ADP
ajfa-3012	129	6	comp	comp	NOUN
ajfa-3012	129	7	in	in	ADP
ajfa-3012	129	8	equation	equation	NOUN
ajfa-3012	129	9	3	3	NUM
ajfa-3012	129	10	)	)	PUNCT
ajfa-3012	129	11	is	be	AUX
ajfa-3012	129	12	measured	measure	VERB
ajfa-3012	129	13	using	use	VERB
ajfa-3012	129	14	the	the	DET
ajfa-3012	129	15	h	h	NOUN
ajfa-3012	129	16	-	-	PUNCT
ajfa-3012	129	17	statistics	statistic	NOUN
ajfa-3012	129	18	derived	derive	VERB
ajfa-3012	129	19	from	from	ADP
ajfa-3012	129	20	the	the	DET
ajfa-3012	129	21	non	non	ADJ
ajfa-3012	129	22	-	-	ADJ
ajfa-3012	129	23	structural	structural	ADJ
ajfa-3012	129	24	panzar	panzar	NOUN
ajfa-3012	129	25	and	and	CCONJ
ajfa-3012	129	26	rosse	rosse	PROPN
ajfa-3012	129	27	(	(	PUNCT
ajfa-3012	129	28	pr	pr	NOUN
ajfa-3012	129	29	)	)	PUNCT
ajfa-3012	129	30	model	model	NOUN
ajfa-3012	129	31	(	(	PUNCT
ajfa-3012	129	32	panzar	panzar	NOUN
ajfa-3012	129	33	and	and	CCONJ
ajfa-3012	129	34	rosse	rosse	NOUN
ajfa-3012	129	35	1987	1987	NUM
ajfa-3012	129	36	)	)	PUNCT
ajfa-3012	129	37	.	.	PUNCT
ajfa-3012	130	1	this	this	DET
ajfa-3012	130	2	approach	approach	NOUN
ajfa-3012	130	3	recognises	recognise	VERB
ajfa-3012	130	4	that	that	SCONJ
ajfa-3012	130	5	competition	competition	NOUN
ajfa-3012	130	6	could	could	AUX
ajfa-3012	130	7	be	be	AUX
ajfa-3012	130	8	present	present	ADJ
ajfa-3012	130	9	in	in	ADP
ajfa-3012	130	10	markets	market	NOUN
ajfa-3012	130	11	characterised	characterise	VERB
ajfa-3012	130	12	by	by	ADP
ajfa-3012	130	13	relatively	relatively	ADV
ajfa-3012	130	14	high	high	ADJ
ajfa-3012	130	15	degree	degree	NOUN
ajfa-3012	130	16	of	of	ADP
ajfa-3012	130	17	concentration	concentration	NOUN
ajfa-3012	130	18	.	.	PUNCT
ajfa-3012	131	1	using	use	VERB
ajfa-3012	131	2	the	the	DET
ajfa-3012	131	3	pr	pr	NOUN
ajfa-3012	131	4	model	model	NOUN
ajfa-3012	131	5	,	,	PUNCT
ajfa-3012	131	6	the	the	DET
ajfa-3012	131	7	competitive	competitive	ADJ
ajfa-3012	131	8	indicator	indicator	NOUN
ajfa-3012	131	9	,	,	PUNCT
ajfa-3012	131	10	h	h	PROPN
ajfa-3012	131	11	statistic	statistic	NOUN
ajfa-3012	131	12	,	,	PUNCT
ajfa-3012	131	13	can	can	AUX
ajfa-3012	131	14	be	be	AUX
ajfa-3012	131	15	defined	define	VERB
ajfa-3012	131	16	as	as	ADP
ajfa-3012	131	17	the	the	DET
ajfa-3012	131	18	sum	sum	NOUN
ajfa-3012	131	19	of	of	ADP
ajfa-3012	131	20	elasticities	elasticity	NOUN
ajfa-3012	131	21	of	of	ADP
ajfa-3012	131	22	the	the	DET
ajfa-3012	131	23	reduced	reduce	VERB
ajfa-3012	131	24	-	-	PUNCT
ajfa-3012	131	25	form	form	NOUN
ajfa-3012	131	26	revenues	revenue	NOUN
ajfa-3012	131	27	with	with	ADP
ajfa-3012	131	28	respect	respect	NOUN
ajfa-3012	131	29	to	to	ADP
ajfa-3012	131	30	input	input	NOUN
ajfa-3012	131	31	prices	price	NOUN
ajfa-3012	131	32	(	(	PUNCT
ajfa-3012	131	33	indexed	index	VERB
ajfa-3012	131	34	by	by	ADP
ajfa-3012	131	35	k	k	PROPN
ajfa-3012	131	36	)	)	PUNCT
ajfa-3012	131	37	.	.	PUNCT
ajfa-3012	132	1	market	market	NOUN
ajfa-3012	132	2	power	power	NOUN
ajfa-3012	132	3	is	be	AUX
ajfa-3012	132	4	assessed	assess	VERB
ajfa-3012	132	5	by	by	ADP
ajfa-3012	132	6	the	the	DET
ajfa-3012	132	7	extent	extent	NOUN
ajfa-3012	132	8	to	to	PART
ajfa-3012	132	9	which	which	PRON
ajfa-3012	132	10	a	a	DET
ajfa-3012	132	11	change	change	NOUN
ajfa-3012	132	12	in	in	ADP
ajfa-3012	132	13	input	input	NOUN
ajfa-3012	132	14	prices	price	NOUN
ajfa-3012	132	15	(	(	PUNCT
ajfa-3012	132	16	wki	wki	PROPN
ajfa-3012	132	17	)	)	PUNCT
ajfa-3012	132	18	is	be	AUX
ajfa-3012	132	19	reflected	reflect	VERB
ajfa-3012	132	20	in	in	ADP
ajfa-3012	132	21	the	the	DET
ajfa-3012	132	22	revenues	revenue	NOUN
ajfa-3012	132	23	earned	earn	VERB
ajfa-3012	132	24	by	by	ADP
ajfa-3012	132	25	bank	bank	PROPN
ajfa-3012	132	26	i	i	PROPN
ajfa-3012	132	27	(	(	PUNCT
ajfa-3012	132	28	ri	ri	PROPN
ajfa-3012	132	29	)	)	PUNCT
ajfa-3012	132	30	.	.	PUNCT
ajfa-3012	133	1	thus	thus	ADV
ajfa-3012	133	2	h	h	NOUN
ajfa-3012	133	3	statistic	statistic	NOUN
ajfa-3012	133	4	is	be	AUX
ajfa-3012	133	5	defined	define	VERB
ajfa-3012	133	6	as	as	ADP
ajfa-3012	133	7	:	:	PUNCT
ajfa-3012	133	8	=	=	NOUN
ajfa-3012	133	9	∗	∗	NOUN
ajfa-3012	133	10	∗	∗	NOUN
ajfa-3012	133	11	(	(	PUNCT
ajfa-3012	133	12	4	4	NUM
ajfa-3012	133	13	)	)	PUNCT
ajfa-3012	133	14	panzar	panzar	NOUN
ajfa-3012	133	15	and	and	CCONJ
ajfa-3012	133	16	rosse	rosse	PROPN
ajfa-3012	133	17	(	(	PUNCT
ajfa-3012	133	18	1987	1987	NUM
ajfa-3012	133	19	)	)	PUNCT
ajfa-3012	133	20	establish	establish	VERB
ajfa-3012	133	21	that	that	SCONJ
ajfa-3012	133	22	h	h	NOUN
ajfa-3012	133	23	statistic	statistic	NOUN
ajfa-3012	133	24	is	be	AUX
ajfa-3012	133	25	an	an	DET
ajfa-3012	133	26	increasing	increase	VERB
ajfa-3012	133	27	function	function	NOUN
ajfa-3012	133	28	of	of	ADP
ajfa-3012	133	29	the	the	DET
ajfa-3012	133	30	demand	demand	NOUN
ajfa-3012	133	31	elasticity	elasticity	NOUN
ajfa-3012	133	32	,	,	PUNCT
ajfa-3012	133	33	e	e	NOUN
ajfa-3012	133	34	,	,	PUNCT
ajfa-3012	133	35	and	and	CCONJ
ajfa-3012	133	36	hence	hence	ADV
ajfa-3012	133	37	there	there	PRON
ajfa-3012	133	38	is	be	VERB
ajfa-3012	133	39	a	a	DET
ajfa-3012	133	40	negative	negative	ADJ
ajfa-3012	133	41	relationship	relationship	NOUN
ajfa-3012	133	42	between	between	ADP
ajfa-3012	133	43	the	the	DET
ajfa-3012	133	44	level	level	NOUN
ajfa-3012	133	45	of	of	ADP
ajfa-3012	133	46	market	market	NOUN
ajfa-3012	133	47	power	power	NOUN
ajfa-3012	133	48	exercised	exercise	VERB
ajfa-3012	133	49	by	by	ADP
ajfa-3012	133	50	the	the	DET
ajfa-3012	133	51	firms	firm	NOUN
ajfa-3012	133	52	and	and	CCONJ
ajfa-3012	133	53	the	the	DET
ajfa-3012	133	54	value	value	NOUN
ajfa-3012	133	55	of	of	ADP
ajfa-3012	133	56	h.	h.	PROPN
ajfa-3012	133	57	in	in	ADP
ajfa-3012	133	58	other	other	ADJ
ajfa-3012	133	59	words	word	NOUN
ajfa-3012	133	60	,	,	PUNCT
ajfa-3012	133	61	higher	high	ADJ
ajfa-3012	133	62	h	h	NOUN
ajfa-3012	133	63	values	value	NOUN
ajfa-3012	133	64	represent	represent	VERB
ajfa-3012	133	65	more	more	ADV
ajfa-3012	133	66	competitive	competitive	ADJ
ajfa-3012	133	67	markets	market	NOUN
ajfa-3012	133	68	and	and	CCONJ
ajfa-3012	133	69	lack	lack	NOUN
ajfa-3012	133	70	or	or	CCONJ
ajfa-3012	133	71	market	market	NOUN
ajfa-3012	133	72	power	power	NOUN
ajfa-3012	133	73	at	at	ADP
ajfa-3012	133	74	firm	firm	ADJ
ajfa-3012	133	75	level	level	NOUN
ajfa-3012	133	76	and	and	CCONJ
ajfa-3012	133	77	vice	vice	NOUN
ajfa-3012	133	78	versa	versa	ADV
ajfa-3012	133	79	.	.	PUNCT
ajfa-3012	134	1	this	this	DET
ajfa-3012	134	2	proposition	proposition	NOUN
ajfa-3012	134	3	highlights	highlight	VERB
ajfa-3012	134	4	the	the	DET
ajfa-3012	134	5	explanatory	explanatory	ADJ
ajfa-3012	134	6	power	power	NOUN
ajfa-3012	134	7	of	of	ADP
ajfa-3012	134	8	h	h	NOUN
ajfa-3012	134	9	as	as	ADP
ajfa-3012	134	10	an	an	DET
ajfa-3012	134	11	indicator	indicator	NOUN
ajfa-3012	134	12	of	of	ADP
ajfa-3012	134	13	level	level	NOUN
ajfa-3012	134	14	of	of	ADP
ajfa-3012	134	15	competition	competition	NOUN
ajfa-3012	134	16	.	.	PUNCT
ajfa-3012	135	1	following	follow	VERB
ajfa-3012	135	2	bikker	bikker	PROPN
ajfa-3012	135	3	and	and	CCONJ
ajfa-3012	135	4	haaf	haaf	PROPN
ajfa-3012	135	5	(	(	PUNCT
ajfa-3012	135	6	2002	2002	NUM
ajfa-3012	135	7	)	)	PUNCT
ajfa-3012	135	8	procedure	procedure	NOUN
ajfa-3012	135	9	,	,	PUNCT
ajfa-3012	135	10	h	h	PROPN
ajfa-3012	135	11	statistics	statistic	NOUN
ajfa-3012	135	12	for	for	ADP
ajfa-3012	135	13	the	the	DET
ajfa-3012	135	14	sample	sample	NOUN
ajfa-3012	135	15	countries	country	NOUN
ajfa-3012	135	16	are	be	AUX
ajfa-3012	135	17	obtained	obtain	VERB
ajfa-3012	135	18	and	and	CCONJ
ajfa-3012	135	19	employed	employ	VERB
ajfa-3012	135	20	in	in	ADP
ajfa-3012	135	21	equation	equation	NOUN
ajfa-3012	135	22	3	3	NUM
ajfa-3012	135	23	as	as	ADP
ajfa-3012	135	24	the	the	DET
ajfa-3012	135	25	proxy	proxy	NOUN
ajfa-3012	135	26	for	for	ADP
ajfa-3012	135	27	industry	industry	NOUN
ajfa-3012	135	28	competition	competition	NOUN
ajfa-3012	135	29	.	.	PUNCT
ajfa-3012	136	1	since	since	SCONJ
ajfa-3012	136	2	higher	high	ADJ
ajfa-3012	136	3	values	value	NOUN
ajfa-3012	136	4	of	of	ADP
ajfa-3012	136	5	the	the	DET
ajfa-3012	136	6	h	h	NOUN
ajfa-3012	136	7	statistic	statistic	NOUN
ajfa-3012	136	8	represents	represent	VERB
ajfa-3012	136	9	greater	great	ADJ
ajfa-3012	136	10	competition	competition	NOUN
ajfa-3012	136	11	levels	level	NOUN
ajfa-3012	136	12	a	a	DET
ajfa-3012	136	13	negative	negative	ADJ
ajfa-3012	136	14	coefficient	coefficient	NOUN
ajfa-3012	136	15	for	for	ADP
ajfa-3012	136	16	comp	comp	NOUN
ajfa-3012	136	17	variable	variable	NOUN
ajfa-3012	136	18	is	be	AUX
ajfa-3012	136	19	expected	expect	VERB
ajfa-3012	136	20	.	.	PUNCT
ajfa-3012	137	1	to	to	PART
ajfa-3012	137	2	verify	verify	VERB
ajfa-3012	137	3	the	the	DET
ajfa-3012	137	4	robustness	robustness	NOUN
ajfa-3012	137	5	,	,	PUNCT
ajfa-3012	137	6	we	we	PRON
ajfa-3012	137	7	also	also	ADV
ajfa-3012	137	8	utilise	utilise	VERB
ajfa-3012	137	9	herfindahl	herfindahl	NOUN
ajfa-3012	137	10	-	-	PUNCT
ajfa-3012	137	11	hirschman	hirschman	NOUN
ajfa-3012	137	12	index	index	NOUN
ajfa-3012	137	13	(	(	PUNCT
ajfa-3012	137	14	hhi	hhi	NOUN
ajfa-3012	137	15	)	)	PUNCT
ajfa-3012	137	16	as	as	ADP
ajfa-3012	137	17	an	an	DET
ajfa-3012	137	18	alternative	alternative	ADJ
ajfa-3012	137	19	asian	asian	ADJ
ajfa-3012	137	20	journal	journal	NOUN
ajfa-3012	137	21	of	of	ADP
ajfa-3012	137	22	finance	finance	PROPN
ajfa-3012	137	23	&	&	CCONJ
ajfa-3012	137	24	accounting	accounting	PROPN
ajfa-3012	137	25	issn	issn	PROPN
ajfa-3012	137	26	1946	1946	NUM
ajfa-3012	137	27	-	-	PUNCT
ajfa-3012	137	28	052x	052x	NOUN
ajfa-3012	137	29	2013	2013	NUM
ajfa-3012	137	30	,	,	PUNCT
ajfa-3012	137	31	vol	vol	NOUN
ajfa-3012	137	32	.	.	PROPN
ajfa-3012	137	33	5	5	NUM
ajfa-3012	137	34	,	,	PUNCT
ajfa-3012	137	35	no	no	INTJ
ajfa-3012	137	36	.	.	NOUN
ajfa-3012	137	37	1	1	NUM
ajfa-3012	137	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	137	39	373	373	NUM
ajfa-3012	137	40	measure	measure	NOUN
ajfa-3012	137	41	of	of	ADP
ajfa-3012	137	42	bank	bank	NOUN
ajfa-3012	137	43	competition	competition	NOUN
ajfa-3012	137	44	(	(	PUNCT
ajfa-3012	137	45	represented	represent	VERB
ajfa-3012	137	46	by	by	ADP
ajfa-3012	137	47	comp	comp	NOUN
ajfa-3012	137	48	in	in	ADP
ajfa-3012	137	49	equation	equation	NOUN
ajfa-3012	137	50	3	3	NUM
ajfa-3012	137	51	)	)	PUNCT
ajfa-3012	137	52	.	.	PUNCT
ajfa-3012	138	1	the	the	DET
ajfa-3012	138	2	hhi	hhi	NOUN
ajfa-3012	138	3	is	be	AUX
ajfa-3012	138	4	a	a	DET
ajfa-3012	138	5	measure	measure	NOUN
ajfa-3012	138	6	of	of	ADP
ajfa-3012	138	7	the	the	DET
ajfa-3012	138	8	size	size	NOUN
ajfa-3012	138	9	of	of	ADP
ajfa-3012	138	10	firms	firm	NOUN
ajfa-3012	138	11	in	in	ADP
ajfa-3012	138	12	relationship	relationship	NOUN
ajfa-3012	138	13	to	to	ADP
ajfa-3012	138	14	the	the	DET
ajfa-3012	138	15	industry	industry	NOUN
ajfa-3012	138	16	and	and	CCONJ
ajfa-3012	138	17	an	an	DET
ajfa-3012	138	18	indicator	indicator	NOUN
ajfa-3012	138	19	of	of	ADP
ajfa-3012	138	20	the	the	DET
ajfa-3012	138	21	amount	amount	NOUN
ajfa-3012	138	22	of	of	ADP
ajfa-3012	138	23	competition	competition	NOUN
ajfa-3012	138	24	among	among	ADP
ajfa-3012	138	25	them	they	PRON
ajfa-3012	138	26	.	.	PUNCT
ajfa-3012	139	1	it	it	PRON
ajfa-3012	139	2	is	be	AUX
ajfa-3012	139	3	defined	define	VERB
ajfa-3012	139	4	as	as	ADP
ajfa-3012	139	5	the	the	DET
ajfa-3012	139	6	sum	sum	NOUN
ajfa-3012	139	7	of	of	ADP
ajfa-3012	139	8	the	the	DET
ajfa-3012	139	9	squares	square	NOUN
ajfa-3012	139	10	of	of	ADP
ajfa-3012	139	11	the	the	DET
ajfa-3012	139	12	market	market	NOUN
ajfa-3012	139	13	shares	share	NOUN
ajfa-3012	139	14	of	of	ADP
ajfa-3012	139	15	each	each	DET
ajfa-3012	139	16	individual	individual	ADJ
ajfa-3012	139	17	firm	firm	NOUN
ajfa-3012	139	18	(	(	PUNCT
ajfa-3012	139	19	i.e.	i.e.	X
ajfa-3012	139	20	,	,	PUNCT
ajfa-3012	139	21	the	the	DET
ajfa-3012	139	22	average	average	ADJ
ajfa-3012	139	23	market	market	NOUN
ajfa-3012	139	24	share	share	NOUN
ajfa-3012	139	25	)	)	PUNCT
ajfa-3012	139	26	weighted	weight	VERB
ajfa-3012	139	27	by	by	ADP
ajfa-3012	139	28	market	market	NOUN
ajfa-3012	139	29	share	share	NOUN
ajfa-3012	139	30	and	and	CCONJ
ajfa-3012	139	31	expressed	express	VERB
ajfa-3012	139	32	as	as	ADP
ajfa-3012	139	33	:	:	PUNCT
ajfa-3012	139	34	=	=	SYM
ajfa-3012	139	35	(	(	PUNCT
ajfa-3012	139	36	5	5	NUM
ajfa-3012	139	37	)	)	PUNCT
ajfa-3012	139	38	here	here	ADV
ajfa-3012	139	39	is	be	AUX
ajfa-3012	139	40	square	square	ADJ
ajfa-3012	139	41	of	of	ADP
ajfa-3012	139	42	the	the	DET
ajfa-3012	139	43	market	market	NOUN
ajfa-3012	139	44	share	share	NOUN
ajfa-3012	139	45	of	of	ADP
ajfa-3012	139	46	each	each	DET
ajfa-3012	139	47	firm	firm	NOUN
ajfa-3012	139	48	“	"	PUNCT
ajfa-3012	139	49	i	i	PRON
ajfa-3012	139	50	”	"	PUNCT
ajfa-3012	139	51	.	.	PUNCT
ajfa-3012	140	1	value	value	NOUN
ajfa-3012	140	2	for	for	ADP
ajfa-3012	140	3	hhi	hhi	NOUN
ajfa-3012	140	4	can	can	AUX
ajfa-3012	140	5	range	range	VERB
ajfa-3012	140	6	from	from	ADP
ajfa-3012	140	7	0	0	NUM
ajfa-3012	140	8	to	to	ADP
ajfa-3012	140	9	1	1	NUM
ajfa-3012	140	10	moving	move	VERB
ajfa-3012	140	11	from	from	ADP
ajfa-3012	140	12	a	a	DET
ajfa-3012	140	13	very	very	ADV
ajfa-3012	140	14	large	large	ADJ
ajfa-3012	140	15	amount	amount	NOUN
ajfa-3012	140	16	of	of	ADP
ajfa-3012	140	17	very	very	ADV
ajfa-3012	140	18	small	small	ADJ
ajfa-3012	140	19	firms	firm	NOUN
ajfa-3012	140	20	to	to	ADP
ajfa-3012	140	21	a	a	DET
ajfa-3012	140	22	single	single	ADJ
ajfa-3012	140	23	monopolistic	monopolistic	ADJ
ajfa-3012	140	24	producer	producer	NOUN
ajfa-3012	140	25	,	,	PUNCT
ajfa-3012	140	26	i.e.	i.e.	X
ajfa-3012	140	27	,	,	PUNCT
ajfa-3012	140	28	if	if	SCONJ
ajfa-3012	140	29	a	a	DET
ajfa-3012	140	30	market	market	NOUN
ajfa-3012	140	31	is	be	AUX
ajfa-3012	140	32	closer	close	ADJ
ajfa-3012	140	33	to	to	ADP
ajfa-3012	140	34	being	be	AUX
ajfa-3012	140	35	a	a	DET
ajfa-3012	140	36	monopoly	monopoly	NOUN
ajfa-3012	140	37	and	and	CCONJ
ajfa-3012	140	38	the	the	DET
ajfa-3012	140	39	market	market	NOUN
ajfa-3012	140	40	's	's	PART
ajfa-3012	140	41	concentration	concentration	NOUN
ajfa-3012	140	42	is	be	AUX
ajfa-3012	140	43	higher	high	ADJ
ajfa-3012	140	44	(	(	PUNCT
ajfa-3012	140	45	and	and	CCONJ
ajfa-3012	140	46	the	the	DET
ajfa-3012	140	47	lower	low	ADJ
ajfa-3012	140	48	its	its	PRON
ajfa-3012	140	49	competition	competition	NOUN
ajfa-3012	140	50	)	)	PUNCT
ajfa-3012	140	51	the	the	DET
ajfa-3012	140	52	value	value	NOUN
ajfa-3012	140	53	is	be	AUX
ajfa-3012	140	54	closer	close	ADJ
ajfa-3012	140	55	to	to	ADP
ajfa-3012	140	56	one	one	NUM
ajfa-3012	140	57	.	.	PUNCT
ajfa-3012	141	1	similarly	similarly	ADV
ajfa-3012	141	2	,	,	PUNCT
ajfa-3012	141	3	if	if	SCONJ
ajfa-3012	141	4	there	there	PRON
ajfa-3012	141	5	is	be	VERB
ajfa-3012	141	6	large	large	ADJ
ajfa-3012	141	7	number	number	NOUN
ajfa-3012	141	8	of	of	ADP
ajfa-3012	141	9	small	small	ADJ
ajfa-3012	141	10	firms	firm	NOUN
ajfa-3012	141	11	competing	compete	VERB
ajfa-3012	141	12	,	,	PUNCT
ajfa-3012	141	13	each	each	PRON
ajfa-3012	141	14	would	would	AUX
ajfa-3012	141	15	have	have	VERB
ajfa-3012	141	16	nearly	nearly	ADV
ajfa-3012	141	17	zero	zero	NUM
ajfa-3012	141	18	percent	percent	NOUN
ajfa-3012	141	19	market	market	NOUN
ajfa-3012	141	20	share	share	NOUN
ajfa-3012	141	21	,	,	PUNCT
ajfa-3012	141	22	and	and	CCONJ
ajfa-3012	141	23	the	the	DET
ajfa-3012	141	24	hhi	hhi	NOUN
ajfa-3012	141	25	would	would	AUX
ajfa-3012	141	26	be	be	AUX
ajfa-3012	141	27	close	close	ADJ
ajfa-3012	141	28	to	to	ADP
ajfa-3012	141	29	zero	zero	NUM
ajfa-3012	141	30	indicating	indicate	VERB
ajfa-3012	141	31	nearly	nearly	ADV
ajfa-3012	141	32	perfect	perfect	ADJ
ajfa-3012	141	33	competition	competition	NOUN
ajfa-3012	141	34	.	.	PUNCT
ajfa-3012	142	1	hence	hence	ADV
ajfa-3012	142	2	,	,	PUNCT
ajfa-3012	142	3	decreases	decrease	VERB
ajfa-3012	142	4	in	in	ADP
ajfa-3012	142	5	the	the	DET
ajfa-3012	142	6	herfindahl	herfindahl	NOUN
ajfa-3012	142	7	index	index	NOUN
ajfa-3012	142	8	generally	generally	ADV
ajfa-3012	142	9	indicate	indicate	VERB
ajfa-3012	142	10	a	a	DET
ajfa-3012	142	11	loss	loss	NOUN
ajfa-3012	142	12	of	of	ADP
ajfa-3012	142	13	pricing	pricing	NOUN
ajfa-3012	142	14	power	power	NOUN
ajfa-3012	142	15	and	and	CCONJ
ajfa-3012	142	16	an	an	DET
ajfa-3012	142	17	increase	increase	NOUN
ajfa-3012	142	18	in	in	ADP
ajfa-3012	142	19	competition	competition	NOUN
ajfa-3012	142	20	,	,	PUNCT
ajfa-3012	142	21	whereas	whereas	SCONJ
ajfa-3012	142	22	increases	increase	NOUN
ajfa-3012	142	23	imply	imply	VERB
ajfa-3012	142	24	the	the	DET
ajfa-3012	142	25	opposite	opposite	ADJ
ajfa-3012	142	26	(	(	PUNCT
ajfa-3012	142	27	bikker	bikker	NOUN
ajfa-3012	142	28	and	and	CCONJ
ajfa-3012	142	29	haaf	haaf	NOUN
ajfa-3012	142	30	2002	2002	NUM
ajfa-3012	142	31	)	)	PUNCT
ajfa-3012	142	32	.	.	PUNCT
ajfa-3012	143	1	to	to	ADP
ajfa-3012	143	2	the	the	DET
ajfa-3012	143	3	extent	extent	NOUN
ajfa-3012	143	4	increasing	increase	VERB
ajfa-3012	143	5	competition	competition	NOUN
ajfa-3012	143	6	exerts	exert	VERB
ajfa-3012	143	7	downward	downward	ADJ
ajfa-3012	143	8	pressure	pressure	NOUN
ajfa-3012	143	9	on	on	ADP
ajfa-3012	143	10	profitability	profitability	NOUN
ajfa-3012	143	11	a	a	DET
ajfa-3012	143	12	negative	negative	ADJ
ajfa-3012	143	13	coefficient	coefficient	NOUN
ajfa-3012	143	14	is	be	AUX
ajfa-3012	143	15	expected	expect	VERB
ajfa-3012	143	16	for	for	ADP
ajfa-3012	143	17	hhi	hhi	NOUN
ajfa-3012	143	18	.	.	PUNCT
ajfa-3012	144	1	in	in	ADP
ajfa-3012	144	2	addition	addition	NOUN
ajfa-3012	144	3	to	to	ADP
ajfa-3012	144	4	bank	bank	NOUN
ajfa-3012	144	5	-	-	PUNCT
ajfa-3012	144	6	specific	specific	ADJ
ajfa-3012	144	7	factors	factor	NOUN
ajfa-3012	144	8	and	and	CCONJ
ajfa-3012	144	9	industry	industry	NOUN
ajfa-3012	144	10	competition	competition	NOUN
ajfa-3012	144	11	,	,	PUNCT
ajfa-3012	144	12	other	other	ADJ
ajfa-3012	144	13	differences	difference	NOUN
ajfa-3012	144	14	across	across	ADP
ajfa-3012	144	15	countries	country	NOUN
ajfa-3012	144	16	may	may	AUX
ajfa-3012	144	17	also	also	ADV
ajfa-3012	144	18	need	need	VERB
ajfa-3012	144	19	to	to	PART
ajfa-3012	144	20	be	be	AUX
ajfa-3012	144	21	considered	consider	VERB
ajfa-3012	144	22	.	.	PUNCT
ajfa-3012	145	1	in	in	ADP
ajfa-3012	145	2	particular	particular	ADJ
ajfa-3012	145	3	,	,	PUNCT
ajfa-3012	145	4	corruption	corruption	NOUN
ajfa-3012	145	5	and	and	CCONJ
ajfa-3012	145	6	law	law	NOUN
ajfa-3012	145	7	and	and	CCONJ
ajfa-3012	145	8	order	order	NOUN
ajfa-3012	145	9	in	in	ADP
ajfa-3012	145	10	developing	develop	VERB
ajfa-3012	145	11	countries	country	NOUN
ajfa-3012	145	12	(	(	PUNCT
ajfa-3012	145	13	e.g.	e.g.	ADV
ajfa-3012	145	14	south	south	ADJ
ajfa-3012	145	15	asian	asian	ADJ
ajfa-3012	145	16	countries	country	NOUN
ajfa-3012	145	17	)	)	PUNCT
ajfa-3012	145	18	may	may	AUX
ajfa-3012	145	19	be	be	AUX
ajfa-3012	145	20	important	important	ADJ
ajfa-3012	145	21	in	in	ADP
ajfa-3012	145	22	determining	determine	VERB
ajfa-3012	145	23	bank	bank	NOUN
ajfa-3012	145	24	profitability	profitability	NOUN
ajfa-3012	145	25	.	.	PUNCT
ajfa-3012	146	1	for	for	ADP
ajfa-3012	146	2	example	example	NOUN
ajfa-3012	146	3	,	,	PUNCT
ajfa-3012	146	4	not	not	PART
ajfa-3012	146	5	only	only	ADV
ajfa-3012	146	6	international	international	ADJ
ajfa-3012	146	7	investments	investment	NOUN
ajfa-3012	146	8	are	be	AUX
ajfa-3012	146	9	affected	affect	VERB
ajfa-3012	146	10	by	by	ADP
ajfa-3012	146	11	a	a	DET
ajfa-3012	146	12	country	country	NOUN
ajfa-3012	146	13	’s	’s	PART
ajfa-3012	146	14	state	state	NOUN
ajfa-3012	146	15	of	of	ADP
ajfa-3012	146	16	law	law	NOUN
ajfa-3012	146	17	and	and	CCONJ
ajfa-3012	146	18	order	order	NOUN
ajfa-3012	146	19	,	,	PUNCT
ajfa-3012	146	20	but	but	CCONJ
ajfa-3012	146	21	domestic	domestic	ADJ
ajfa-3012	146	22	businesses	business	NOUN
ajfa-3012	146	23	also	also	ADV
ajfa-3012	146	24	suffer	suffer	VERB
ajfa-3012	146	25	if	if	SCONJ
ajfa-3012	146	26	state	state	NOUN
ajfa-3012	146	27	fails	fail	VERB
ajfa-3012	146	28	to	to	PART
ajfa-3012	146	29	enforce	enforce	VERB
ajfa-3012	146	30	the	the	DET
ajfa-3012	146	31	contracts	contract	NOUN
ajfa-3012	146	32	due	due	ADP
ajfa-3012	146	33	to	to	ADP
ajfa-3012	146	34	corruption	corruption	NOUN
ajfa-3012	146	35	.	.	PUNCT
ajfa-3012	147	1	thus	thus	ADV
ajfa-3012	147	2	,	,	PUNCT
ajfa-3012	147	3	we	we	PRON
ajfa-3012	147	4	utilize	utilize	VERB
ajfa-3012	147	5	two	two	NUM
ajfa-3012	147	6	governance	governance	NOUN
ajfa-3012	147	7	indicators	indicator	NOUN
ajfa-3012	147	8	calculated	calculate	VERB
ajfa-3012	147	9	by	by	ADP
ajfa-3012	147	10	kaufmann	kaufmann	PROPN
ajfa-3012	147	11	,	,	PUNCT
ajfa-3012	147	12	kraay	kraay	ADJ
ajfa-3012	147	13	and	and	CCONJ
ajfa-3012	147	14	mastruzzi	mastruzzi	ADJ
ajfa-3012	147	15	(	(	PUNCT
ajfa-3012	147	16	2007	2007	NUM
ajfa-3012	147	17	)	)	PUNCT
ajfa-3012	147	18	and	and	CCONJ
ajfa-3012	147	19	published	publish	VERB
ajfa-3012	147	20	by	by	ADP
ajfa-3012	147	21	the	the	DET
ajfa-3012	147	22	world	world	PROPN
ajfa-3012	147	23	bank	bank	PROPN
ajfa-3012	147	24	:	:	PUNCT
ajfa-3012	147	25	the	the	DET
ajfa-3012	147	26	rule	rule	NOUN
ajfa-3012	147	27	of	of	ADP
ajfa-3012	147	28	law	law	NOUN
ajfa-3012	147	29	index	index	NOUN
ajfa-3012	147	30	(	(	PUNCT
ajfa-3012	147	31	rol	rol	PROPN
ajfa-3012	147	32	)	)	PUNCT
ajfa-3012	147	33	and	and	CCONJ
ajfa-3012	147	34	the	the	DET
ajfa-3012	147	35	control	control	NOUN
ajfa-3012	147	36	of	of	ADP
ajfa-3012	147	37	corruption	corruption	NOUN
ajfa-3012	147	38	index	index	NOUN
ajfa-3012	147	39	(	(	PUNCT
ajfa-3012	147	40	corr	corr	PROPN
ajfa-3012	147	41	)	)	PUNCT
ajfa-3012	147	42	.	.	PUNCT
ajfa-3012	148	1	these	these	DET
ajfa-3012	148	2	indicators	indicator	NOUN
ajfa-3012	148	3	are	be	AUX
ajfa-3012	148	4	reported	report	VERB
ajfa-3012	148	5	on	on	ADP
ajfa-3012	148	6	a	a	DET
ajfa-3012	148	7	scale	scale	NOUN
ajfa-3012	148	8	of	of	ADP
ajfa-3012	148	9	-2.5	-2.5	NOUN
ajfa-3012	148	10	to	to	ADP
ajfa-3012	148	11	+2.5	+2.5	PRON
ajfa-3012	148	12	with	with	ADP
ajfa-3012	148	13	higher	high	ADJ
ajfa-3012	148	14	values	value	NOUN
ajfa-3012	148	15	indicating	indicate	VERB
ajfa-3012	148	16	good	good	ADJ
ajfa-3012	148	17	quality	quality	NOUN
ajfa-3012	148	18	rule	rule	NOUN
ajfa-3012	148	19	of	of	ADP
ajfa-3012	148	20	law	law	NOUN
ajfa-3012	148	21	/	/	SYM
ajfa-3012	148	22	corruption	corruption	NOUN
ajfa-3012	148	23	controls	control	NOUN
ajfa-3012	148	24	.	.	PUNCT
ajfa-3012	149	1	as	as	SCONJ
ajfa-3012	149	2	the	the	DET
ajfa-3012	149	3	prevalence	prevalence	NOUN
ajfa-3012	149	4	of	of	ADP
ajfa-3012	149	5	rule	rule	NOUN
ajfa-3012	149	6	of	of	ADP
ajfa-3012	149	7	law	law	NOUN
ajfa-3012	149	8	and	and	CCONJ
ajfa-3012	149	9	effective	effective	ADJ
ajfa-3012	149	10	corruption	corruption	NOUN
ajfa-3012	149	11	controls	control	NOUN
ajfa-3012	149	12	ensures	ensure	VERB
ajfa-3012	149	13	a	a	DET
ajfa-3012	149	14	conducive	conducive	ADJ
ajfa-3012	149	15	environment	environment	NOUN
ajfa-3012	149	16	and	and	CCONJ
ajfa-3012	149	17	quality	quality	NOUN
ajfa-3012	149	18	of	of	ADP
ajfa-3012	149	19	contract	contract	NOUN
ajfa-3012	149	20	enforcement	enforcement	NOUN
ajfa-3012	149	21	,	,	PUNCT
ajfa-3012	149	22	positive	positive	ADJ
ajfa-3012	149	23	coefficients	coefficient	NOUN
ajfa-3012	149	24	are	be	AUX
ajfa-3012	149	25	expected	expect	VERB
ajfa-3012	149	26	for	for	ADP
ajfa-3012	149	27	rol	rol	NOUN
ajfa-3012	149	28	and	and	CCONJ
ajfa-3012	149	29	corr	corr	PROPN
ajfa-3012	149	30	variables	variable	NOUN
ajfa-3012	149	31	.	.	PUNCT
ajfa-3012	150	1	furthermore	furthermore	ADV
ajfa-3012	150	2	,	,	PUNCT
ajfa-3012	150	3	following	follow	VERB
ajfa-3012	150	4	demirguc	demirguc	PROPN
ajfa-3012	150	5	-	-	PUNCT
ajfa-3012	150	6	kunt	kunt	PROPN
ajfa-3012	150	7	and	and	CCONJ
ajfa-3012	150	8	huizinga	huizinga	ADV
ajfa-3012	150	9	(	(	PUNCT
ajfa-3012	150	10	1999	1999	NUM
ajfa-3012	150	11	)	)	PUNCT
ajfa-3012	150	12	we	we	PRON
ajfa-3012	150	13	utilise	utilise	VERB
ajfa-3012	150	14	bank	bank	NOUN
ajfa-3012	150	15	-	-	PUNCT
ajfa-3012	150	16	specific	specific	ADJ
ajfa-3012	150	17	tax	tax	NOUN
ajfa-3012	150	18	rate	rate	NOUN
ajfa-3012	150	19	(	(	PUNCT
ajfa-3012	150	20	tax	tax	NOUN
ajfa-3012	150	21	variable	variable	NOUN
ajfa-3012	150	22	in	in	ADP
ajfa-3012	150	23	equation	equation	NOUN
ajfa-3012	150	24	3	3	NUM
ajfa-3012	150	25	)	)	PUNCT
ajfa-3012	150	26	to	to	PART
ajfa-3012	150	27	control	control	VERB
ajfa-3012	150	28	for	for	ADP
ajfa-3012	150	29	differing	differ	VERB
ajfa-3012	150	30	tax	tax	NOUN
ajfa-3012	150	31	regimes	regime	NOUN
ajfa-3012	150	32	and	and	CCONJ
ajfa-3012	150	33	treatments	treatment	NOUN
ajfa-3012	150	34	among	among	ADP
ajfa-3012	150	35	sample	sample	NOUN
ajfa-3012	150	36	firms	firm	NOUN
ajfa-3012	150	37	.	.	PUNCT
ajfa-3012	151	1	taxes	taxis	NOUN
ajfa-3012	151	2	are	be	AUX
ajfa-3012	151	3	expected	expect	VERB
ajfa-3012	151	4	to	to	PART
ajfa-3012	151	5	increase	increase	VERB
ajfa-3012	151	6	bank	bank	NOUN
ajfa-3012	151	7	revenue	revenue	NOUN
ajfa-3012	151	8	insofar	insofar	ADV
ajfa-3012	151	9	a	a	DET
ajfa-3012	151	10	bank	bank	NOUN
ajfa-3012	151	11	is	be	AUX
ajfa-3012	151	12	able	able	ADJ
ajfa-3012	151	13	to	to	PART
ajfa-3012	151	14	shift	shift	VERB
ajfa-3012	151	15	its	its	PRON
ajfa-3012	151	16	tax	tax	NOUN
ajfa-3012	151	17	bill	bill	NOUN
ajfa-3012	151	18	forward	forward	ADV
ajfa-3012	151	19	to	to	ADP
ajfa-3012	151	20	its	its	PRON
ajfa-3012	151	21	depositors	depositor	NOUN
ajfa-3012	151	22	and	and	CCONJ
ajfa-3012	151	23	lenders	lender	NOUN
ajfa-3012	151	24	.	.	PUNCT
ajfa-3012	152	1	this	this	PRON
ajfa-3012	152	2	is	be	AUX
ajfa-3012	152	3	supported	support	VERB
ajfa-3012	152	4	by	by	ADP
ajfa-3012	152	5	the	the	DET
ajfa-3012	152	6	common	common	ADJ
ajfa-3012	152	7	observation	observation	NOUN
ajfa-3012	152	8	that	that	SCONJ
ajfa-3012	152	9	bank	bank	NOUN
ajfa-3012	152	10	-	-	PUNCT
ajfa-3012	152	11	stock	stock	NOUN
ajfa-3012	152	12	investors	investor	NOUN
ajfa-3012	152	13	need	need	VERB
ajfa-3012	152	14	to	to	PART
ajfa-3012	152	15	receive	receive	VERB
ajfa-3012	152	16	a	a	DET
ajfa-3012	152	17	net	net	NOUN
ajfa-3012	152	18	of	of	ADP
ajfa-3012	152	19	company	company	NOUN
ajfa-3012	152	20	tax	tax	NOUN
ajfa-3012	152	21	return	return	NOUN
ajfa-3012	152	22	that	that	PRON
ajfa-3012	152	23	is	be	AUX
ajfa-3012	152	24	independent	independent	ADJ
ajfa-3012	152	25	of	of	ADP
ajfa-3012	152	26	the	the	DET
ajfa-3012	152	27	company	company	NOUN
ajfa-3012	152	28	tax	tax	NOUN
ajfa-3012	152	29	.	.	PUNCT
ajfa-3012	153	1	this	this	DET
ajfa-3012	153	2	relationship	relationship	NOUN
ajfa-3012	153	3	is	be	AUX
ajfa-3012	153	4	tested	test	VERB
ajfa-3012	153	5	by	by	ADP
ajfa-3012	153	6	demirguc	demirguc	PROPN
ajfa-3012	153	7	-	-	PUNCT
ajfa-3012	153	8	kunt	kunt	PROPN
ajfa-3012	153	9	and	and	CCONJ
ajfa-3012	153	10	huizinga	huizinga	ADV
ajfa-3012	153	11	(	(	PUNCT
ajfa-3012	153	12	1999	1999	NUM
ajfa-3012	153	13	)	)	PUNCT
ajfa-3012	153	14	and	and	CCONJ
ajfa-3012	153	15	it	it	PRON
ajfa-3012	153	16	is	be	AUX
ajfa-3012	153	17	found	find	VERB
ajfa-3012	153	18	that	that	SCONJ
ajfa-3012	153	19	corporate	corporate	ADJ
ajfa-3012	153	20	tax	tax	NOUN
ajfa-3012	153	21	is	be	AUX
ajfa-3012	153	22	positively	positively	ADV
ajfa-3012	153	23	associated	associate	VERB
ajfa-3012	153	24	with	with	ADP
ajfa-3012	153	25	bank	bank	NOUN
ajfa-3012	153	26	profitability	profitability	NOUN
ajfa-3012	153	27	.	.	PUNCT
ajfa-3012	154	1	hence	hence	ADV
ajfa-3012	154	2	,	,	PUNCT
ajfa-3012	154	3	a	a	DET
ajfa-3012	154	4	positive	positive	ADJ
ajfa-3012	154	5	coefficient	coefficient	NOUN
ajfa-3012	154	6	for	for	ADP
ajfa-3012	154	7	tax	tax	NOUN
ajfa-3012	154	8	variable	variable	NOUN
ajfa-3012	154	9	is	be	AUX
ajfa-3012	154	10	expected	expect	VERB
ajfa-3012	154	11	.	.	PUNCT
ajfa-3012	155	1	finally	finally	ADV
ajfa-3012	155	2	,	,	PUNCT
ajfa-3012	155	3	this	this	DET
ajfa-3012	155	4	study	study	NOUN
ajfa-3012	155	5	uses	use	VERB
ajfa-3012	155	6	annual	annual	ADJ
ajfa-3012	155	7	cross	cross	NOUN
ajfa-3012	155	8	-	-	NOUN
ajfa-3012	155	9	section	section	ADJ
ajfa-3012	155	10	and	and	CCONJ
ajfa-3012	155	11	time	time	NOUN
ajfa-3012	155	12	series	series	PROPN
ajfa-3012	155	13	pooled	pool	VERB
ajfa-3012	155	14	data	datum	NOUN
ajfa-3012	155	15	as	as	SCONJ
ajfa-3012	155	16	this	this	PRON
ajfa-3012	155	17	helps	help	VERB
ajfa-3012	155	18	to	to	PART
ajfa-3012	155	19	remove	remove	VERB
ajfa-3012	155	20	biases	bias	NOUN
ajfa-3012	155	21	caused	cause	VERB
ajfa-3012	155	22	by	by	ADP
ajfa-3012	155	23	aggregating	aggregate	VERB
ajfa-3012	155	24	heterogeneous	heterogeneous	ADJ
ajfa-3012	155	25	individual	individual	ADJ
ajfa-3012	155	26	banks	bank	NOUN
ajfa-3012	155	27	.	.	PUNCT
ajfa-3012	156	1	this	this	DET
ajfa-3012	156	2	approach	approach	NOUN
ajfa-3012	156	3	also	also	ADV
ajfa-3012	156	4	provides	provide	VERB
ajfa-3012	156	5	more	more	ADV
ajfa-3012	156	6	reliable	reliable	ADJ
ajfa-3012	156	7	regression	regression	NOUN
ajfa-3012	156	8	estimates	estimate	NOUN
ajfa-3012	156	9	due	due	ADP
ajfa-3012	156	10	to	to	ADP
ajfa-3012	156	11	the	the	DET
ajfa-3012	156	12	larger	large	ADJ
ajfa-3012	156	13	sample	sample	NOUN
ajfa-3012	156	14	size	size	NOUN
ajfa-3012	156	15	and	and	CCONJ
ajfa-3012	156	16	helps	help	VERB
ajfa-3012	156	17	to	to	PART
ajfa-3012	156	18	control	control	VERB
ajfa-3012	156	19	for	for	ADP
ajfa-3012	156	20	any	any	DET
ajfa-3012	156	21	unobserved	unobserved	ADJ
ajfa-3012	156	22	heterogeneity	heterogeneity	NOUN
ajfa-3012	156	23	/	/	SYM
ajfa-3012	156	24	omitted	omit	VERB
ajfa-3012	156	25	variable	variable	ADJ
ajfa-3012	156	26	problems	problem	NOUN
ajfa-3012	156	27	.	.	PUNCT
ajfa-3012	157	1	in	in	ADP
ajfa-3012	157	2	a	a	DET
ajfa-3012	157	3	strictly	strictly	ADJ
ajfa-3012	157	4	time	time	NOUN
ajfa-3012	157	5	series	series	NOUN
ajfa-3012	157	6	or	or	CCONJ
ajfa-3012	157	7	cross	cross	PROPN
ajfa-3012	157	8	section	section	NOUN
ajfa-3012	157	9	approach	approach	NOUN
ajfa-3012	157	10	,	,	PUNCT
ajfa-3012	157	11	these	these	PRON
ajfa-3012	157	12	may	may	AUX
ajfa-3012	157	13	be	be	AUX
ajfa-3012	157	14	absorbed	absorb	VERB
ajfa-3012	157	15	into	into	ADP
ajfa-3012	157	16	the	the	DET
ajfa-3012	157	17	usual	usual	ADJ
ajfa-3012	157	18	error	error	NOUN
ajfa-3012	157	19	term	term	NOUN
ajfa-3012	157	20	and	and	CCONJ
ajfa-3012	157	21	can	can	AUX
ajfa-3012	157	22	cause	cause	VERB
ajfa-3012	157	23	problems	problem	NOUN
ajfa-3012	157	24	in	in	ADP
ajfa-3012	157	25	estimation	estimation	NOUN
ajfa-3012	157	26	(	(	PUNCT
ajfa-3012	157	27	baltagi	baltagi	NOUN
ajfa-3012	157	28	2001	2001	NUM
ajfa-3012	157	29	)	)	PUNCT
ajfa-3012	157	30	.	.	PUNCT
ajfa-3012	158	1	asian	asian	ADJ
ajfa-3012	158	2	journal	journal	PROPN
ajfa-3012	158	3	of	of	ADP
ajfa-3012	158	4	finance	finance	PROPN
ajfa-3012	158	5	&	&	CCONJ
ajfa-3012	158	6	accounting	accounting	PROPN
ajfa-3012	158	7	issn	issn	PROPN
ajfa-3012	158	8	1946	1946	NUM
ajfa-3012	158	9	-	-	PUNCT
ajfa-3012	158	10	052x	052x	NOUN
ajfa-3012	158	11	2013	2013	NUM
ajfa-3012	158	12	,	,	PUNCT
ajfa-3012	158	13	vol	vol	NOUN
ajfa-3012	158	14	.	.	PROPN
ajfa-3012	158	15	5	5	NUM
ajfa-3012	158	16	,	,	PUNCT
ajfa-3012	158	17	no	no	INTJ
ajfa-3012	158	18	.	.	NOUN
ajfa-3012	158	19	1	1	NUM
ajfa-3012	158	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	158	21	374	374	NUM
ajfa-3012	158	22	4	4	NUM
ajfa-3012	158	23	.	.	PUNCT
ajfa-3012	158	24	results	result	VERB
ajfa-3012	158	25	4.1	4.1	NUM
ajfa-3012	158	26	summary	summary	NOUN
ajfa-3012	158	27	statistics	statistic	NOUN
ajfa-3012	158	28	of	of	ADP
ajfa-3012	158	29	the	the	DET
ajfa-3012	158	30	data	datum	NOUN
ajfa-3012	158	31	set	set	VERB
ajfa-3012	158	32	and	and	CCONJ
ajfa-3012	158	33	econometric	econometric	ADJ
ajfa-3012	158	34	issues	issue	NOUN
ajfa-3012	158	35	the	the	DET
ajfa-3012	158	36	summary	summary	NOUN
ajfa-3012	158	37	statistics	statistic	NOUN
ajfa-3012	158	38	for	for	ADP
ajfa-3012	158	39	the	the	DET
ajfa-3012	158	40	data	datum	NOUN
ajfa-3012	158	41	set	set	VERB
ajfa-3012	158	42	are	be	AUX
ajfa-3012	158	43	given	give	VERB
ajfa-3012	158	44	in	in	ADP
ajfa-3012	158	45	table	table	NOUN
ajfa-3012	158	46	4	4	NUM
ajfa-3012	158	47	.	.	PUNCT
ajfa-3012	158	48	not	not	PART
ajfa-3012	158	49	surprisingly	surprisingly	ADV
ajfa-3012	158	50	,	,	PUNCT
ajfa-3012	158	51	the	the	DET
ajfa-3012	158	52	tassets	tasset	NOUN
ajfa-3012	158	53	shows	show	VERB
ajfa-3012	158	54	the	the	DET
ajfa-3012	158	55	largest	large	ADJ
ajfa-3012	158	56	variation	variation	NOUN
ajfa-3012	158	57	and	and	CCONJ
ajfa-3012	158	58	highlights	highlight	NOUN
ajfa-3012	158	59	the	the	DET
ajfa-3012	158	60	wider	wide	ADJ
ajfa-3012	158	61	dispersion	dispersion	NOUN
ajfa-3012	158	62	of	of	ADP
ajfa-3012	158	63	bank	bank	NOUN
ajfa-3012	158	64	size	size	NOUN
ajfa-3012	158	65	in	in	ADP
ajfa-3012	158	66	the	the	DET
ajfa-3012	158	67	sample	sample	NOUN
ajfa-3012	158	68	.	.	PUNCT
ajfa-3012	159	1	similarly	similarly	ADV
ajfa-3012	159	2	,	,	PUNCT
ajfa-3012	159	3	bank	bank	NOUN
ajfa-3012	159	4	competition	competition	NOUN
ajfa-3012	159	5	(	(	PUNCT
ajfa-3012	159	6	represented	represent	VERB
ajfa-3012	159	7	by	by	ADP
ajfa-3012	159	8	comp	comp	NOUN
ajfa-3012	159	9	)	)	PUNCT
ajfa-3012	159	10	measured	measure	VERB
ajfa-3012	159	11	in	in	ADP
ajfa-3012	159	12	terms	term	NOUN
ajfa-3012	159	13	of	of	ADP
ajfa-3012	159	14	the	the	DET
ajfa-3012	159	15	h	h	PROPN
ajfa-3012	159	16	statistic	statistic	NOUN
ajfa-3012	159	17	varies	vary	VERB
ajfa-3012	159	18	considerably	considerably	ADV
ajfa-3012	159	19	over	over	ADP
ajfa-3012	159	20	the	the	DET
ajfa-3012	159	21	sample	sample	NOUN
ajfa-3012	159	22	period	period	NOUN
ajfa-3012	159	23	possibly	possibly	ADV
ajfa-3012	159	24	signifying	signify	VERB
ajfa-3012	159	25	the	the	DET
ajfa-3012	159	26	effect	effect	NOUN
ajfa-3012	159	27	of	of	ADP
ajfa-3012	159	28	deregulation	deregulation	NOUN
ajfa-3012	159	29	and	and	CCONJ
ajfa-3012	159	30	financial	financial	ADJ
ajfa-3012	159	31	liberalization	liberalization	NOUN
ajfa-3012	159	32	measures	measure	NOUN
ajfa-3012	159	33	taken	take	VERB
ajfa-3012	159	34	by	by	ADP
ajfa-3012	159	35	the	the	DET
ajfa-3012	159	36	south	south	ADJ
ajfa-3012	159	37	asian	asian	ADJ
ajfa-3012	159	38	governments	government	NOUN
ajfa-3012	159	39	.	.	PUNCT
ajfa-3012	160	1	the	the	DET
ajfa-3012	160	2	average	average	ADJ
ajfa-3012	160	3	level	level	NOUN
ajfa-3012	160	4	of	of	ADP
ajfa-3012	160	5	competition	competition	NOUN
ajfa-3012	160	6	(	(	PUNCT
ajfa-3012	160	7	h	h	NOUN
ajfa-3012	160	8	statistic	statistic	NOUN
ajfa-3012	160	9	=	=	SYM
ajfa-3012	160	10	0.7314	0.7314	NUM
ajfa-3012	160	11	)	)	PUNCT
ajfa-3012	160	12	is	be	AUX
ajfa-3012	160	13	consistent	consistent	ADJ
ajfa-3012	160	14	with	with	ADP
ajfa-3012	160	15	the	the	DET
ajfa-3012	160	16	findings	finding	NOUN
ajfa-3012	160	17	of	of	ADP
ajfa-3012	160	18	perera	perera	PROPN
ajfa-3012	160	19	,	,	PUNCT
ajfa-3012	160	20	skully	skully	ADV
ajfa-3012	160	21	and	and	CCONJ
ajfa-3012	160	22	wickremanayake	wickremanayake	NOUN
ajfa-3012	160	23	(	(	PUNCT
ajfa-3012	160	24	2006	2006	NUM
ajfa-3012	160	25	)	)	PUNCT
ajfa-3012	160	26	who	who	PRON
ajfa-3012	160	27	report	report	VERB
ajfa-3012	160	28	h	h	NOUN
ajfa-3012	160	29	statistics	statistic	NOUN
ajfa-3012	160	30	for	for	ADP
ajfa-3012	160	31	the	the	DET
ajfa-3012	160	32	same	same	ADJ
ajfa-3012	160	33	four	four	NUM
ajfa-3012	160	34	banking	banking	NOUN
ajfa-3012	160	35	market	market	NOUN
ajfa-3012	160	36	over	over	ADP
ajfa-3012	160	37	1995	1995	NUM
ajfa-3012	160	38	-	-	SYM
ajfa-3012	160	39	2003	2003	NUM
ajfa-3012	160	40	.	.	PUNCT
ajfa-3012	161	1	the	the	DET
ajfa-3012	161	2	efficiency	efficiency	NOUN
ajfa-3012	161	3	ratio	ratio	NOUN
ajfa-3012	161	4	(	(	PUNCT
ajfa-3012	161	5	eff	eff	PROPN
ajfa-3012	161	6	variable	variable	NOUN
ajfa-3012	161	7	)	)	PUNCT
ajfa-3012	161	8	implies	imply	VERB
ajfa-3012	161	9	that	that	SCONJ
ajfa-3012	161	10	on	on	ADP
ajfa-3012	161	11	average	average	ADJ
ajfa-3012	161	12	south	south	ADJ
ajfa-3012	161	13	asian	asian	ADJ
ajfa-3012	161	14	banks	bank	NOUN
ajfa-3012	161	15	could	could	AUX
ajfa-3012	161	16	have	have	AUX
ajfa-3012	161	17	increased	increase	VERB
ajfa-3012	161	18	their	their	PRON
ajfa-3012	161	19	output	output	NOUN
ajfa-3012	161	20	by	by	ADP
ajfa-3012	161	21	approximately	approximately	ADV
ajfa-3012	161	22	10	10	NUM
ajfa-3012	161	23	percent	percent	NOUN
ajfa-3012	161	24	given	give	VERB
ajfa-3012	161	25	the	the	DET
ajfa-3012	161	26	respective	respective	ADJ
ajfa-3012	161	27	input	input	NOUN
ajfa-3012	161	28	levels	level	NOUN
ajfa-3012	161	29	.	.	PUNCT
ajfa-3012	162	1	perera	perera	PROPN
ajfa-3012	162	2	,	,	PUNCT
ajfa-3012	162	3	skully	skully	ADV
ajfa-3012	162	4	and	and	CCONJ
ajfa-3012	162	5	wickremanayake	wickremanayake	NOUN
ajfa-3012	162	6	(	(	PUNCT
ajfa-3012	162	7	2007	2007	NUM
ajfa-3012	162	8	)	)	PUNCT
ajfa-3012	162	9	report	report	VERB
ajfa-3012	162	10	a	a	DET
ajfa-3012	162	11	possible	possible	ADJ
ajfa-3012	162	12	efficiency	efficiency	NOUN
ajfa-3012	162	13	improvement	improvement	NOUN
ajfa-3012	162	14	ratio	ratio	NOUN
ajfa-3012	162	15	of	of	ADP
ajfa-3012	162	16	12	12	NUM
ajfa-3012	162	17	percent	percent	NOUN
ajfa-3012	162	18	for	for	ADP
ajfa-3012	162	19	the	the	DET
ajfa-3012	162	20	same	same	ADJ
ajfa-3012	162	21	banking	banking	NOUN
ajfa-3012	162	22	markets	market	NOUN
ajfa-3012	162	23	over	over	ADP
ajfa-3012	162	24	1997	1997	NUM
ajfa-3012	162	25	-	-	SYM
ajfa-3012	162	26	2004	2004	NUM
ajfa-3012	162	27	.	.	PUNCT
ajfa-3012	163	1	table	table	NOUN
ajfa-3012	163	2	4	4	NUM
ajfa-3012	163	3	.	.	PUNCT
ajfa-3012	164	1	summary	summary	NOUN
ajfa-3012	164	2	statistics	statistic	NOUN
ajfa-3012	164	3	of	of	ADP
ajfa-3012	164	4	the	the	DET
ajfa-3012	164	5	data	datum	NOUN
ajfa-3012	164	6	set	set	VERB
ajfa-3012	164	7	variable	variable	ADJ
ajfa-3012	164	8	mean	mean	VERB
ajfa-3012	164	9	maximum	maximum	ADJ
ajfa-3012	164	10	minimum	minimum	ADJ
ajfa-3012	164	11	std	std	NOUN
ajfa-3012	164	12	.	.	PUNCT
ajfa-3012	165	1	dev	dev	PROPN
ajfa-3012	165	2	.	.	PROPN
ajfa-3012	165	3	roaa	roaa	VERB
ajfa-3012	165	4	0.0097	0.0097	NUM
ajfa-3012	165	5	0.1024	0.1024	NUM
ajfa-3012	165	6	-0.1820	-0.1820	NOUN
ajfa-3012	165	7	0.0178	0.0178	NUM
ajfa-3012	165	8	comp	comp	NOUN
ajfa-3012	165	9	0.7314	0.7314	NUM
ajfa-3012	165	10	1.2047	1.2047	NUM
ajfa-3012	165	11	0.1300	0.1300	NUM
ajfa-3012	165	12	.3567	.3567	PROPN
ajfa-3012	165	13	eq	eq	ADP
ajfa-3012	165	14	0.0593	0.0593	NUM
ajfa-3012	165	15	0.9931	0.9931	NUM
ajfa-3012	165	16	-0.0679	-0.0679	NOUN
ajfa-3012	165	17	0.0774	0.0774	NUM
ajfa-3012	165	18	corr	corr	PROPN
ajfa-3012	165	19	-0.5600	-0.5600	PROPN
ajfa-3012	165	20	-0.1300	-0.1300	PROPN
ajfa-3012	165	21	-1.3200	-1.3200	PUNCT
ajfa-3012	166	1	0.3285	0.3285	NUM
ajfa-3012	166	2	risk	risk	NOUN
ajfa-3012	166	3	0.5830	0.5830	NUM
ajfa-3012	166	4	3.2972	3.2972	NUM
ajfa-3012	166	5	0.0609	0.0609	NUM
ajfa-3012	166	6	0.1816	0.1816	NUM
ajfa-3012	166	7	rol	rol	PROPN
ajfa-3012	166	8	-0.2414	-0.2414	NOUN
ajfa-3012	166	9	0.2900	0.2900	NUM
ajfa-3012	166	10	-0.9500	-0.9500	NOUN
ajfa-3012	166	11	0.4649	0.4649	NUM
ajfa-3012	166	12	tax	tax	NOUN
ajfa-3012	166	13	0.2725	0.2725	NUM
ajfa-3012	166	14	0.5274	0.5274	NUM
ajfa-3012	166	15	-3.1900	-3.1900	ADJ
ajfa-3012	166	16	6.4933	6.4933	NUM
ajfa-3012	166	17	tassets	tasset	NOUN
ajfa-3012	166	18	us$3.3	us$3.3	VERB
ajfa-3012	166	19	m	m	NOUN
ajfa-3012	166	20	us$1300	us$1300	ADJ
ajfa-3012	166	21	m	m	VERB
ajfa-3012	166	22	us$0.3	us$0.3	PROPN
ajfa-3012	166	23	m	m	VERB
ajfa-3012	166	24	us$8.6	us$8.6	VERB
ajfa-3012	166	25	m	m	PROPN
ajfa-3012	166	26	eff	eff	PROPN
ajfa-3012	166	27	0.9370	0.9370	NUM
ajfa-3012	166	28	1.0000	1.0000	NUM
ajfa-3012	166	29	0.1914	0.1914	NUM
ajfa-3012	166	30	0.0910	0.0910	NUM
ajfa-3012	166	31	roaa	roaa	VERB
ajfa-3012	166	32	the	the	DET
ajfa-3012	166	33	return	return	NOUN
ajfa-3012	166	34	on	on	ADP
ajfa-3012	166	35	average	average	ADJ
ajfa-3012	166	36	total	total	ADJ
ajfa-3012	166	37	assets	asset	NOUN
ajfa-3012	166	38	;	;	PUNCT
ajfa-3012	166	39	comp	comp	NOUN
ajfa-3012	166	40	–	–	PUNCT
ajfa-3012	166	41	h	h	NOUN
ajfa-3012	166	42	statistics	statistic	NOUN
ajfa-3012	166	43	;	;	PUNCT
ajfa-3012	166	44	eq	eq	NOUN
ajfa-3012	166	45	equity	equity	NOUN
ajfa-3012	166	46	per	per	ADP
ajfa-3012	166	47	dollar	dollar	NOUN
ajfa-3012	166	48	of	of	ADP
ajfa-3012	166	49	total	total	ADJ
ajfa-3012	166	50	assets	asset	NOUN
ajfa-3012	166	51	;	;	PUNCT
ajfa-3012	166	52	corr	corr	NOUN
ajfa-3012	166	53	the	the	DET
ajfa-3012	166	54	control	control	NOUN
ajfa-3012	166	55	of	of	ADP
ajfa-3012	166	56	corruption	corruption	NOUN
ajfa-3012	166	57	index	index	NOUN
ajfa-3012	166	58	;	;	PUNCT
ajfa-3012	166	59	risk	risk	NOUN
ajfa-3012	166	60	loans	loan	NOUN
ajfa-3012	166	61	per	per	ADP
ajfa-3012	166	62	dollar	dollar	NOUN
ajfa-3012	166	63	of	of	ADP
ajfa-3012	166	64	deposits	deposit	NOUN
ajfa-3012	166	65	and	and	CCONJ
ajfa-3012	166	66	short	short	ADJ
ajfa-3012	166	67	-	-	PUNCT
ajfa-3012	166	68	term	term	NOUN
ajfa-3012	166	69	funds	fund	NOUN
ajfa-3012	166	70	;	;	PUNCT
ajfa-3012	166	71	rol	rol	VERB
ajfa-3012	166	72	the	the	DET
ajfa-3012	166	73	rule	rule	NOUN
ajfa-3012	166	74	of	of	ADP
ajfa-3012	166	75	law	law	NOUN
ajfa-3012	166	76	index	index	NOUN
ajfa-3012	166	77	;	;	PUNCT
ajfa-3012	166	78	tax	tax	NOUN
ajfa-3012	166	79	tax	tax	NOUN
ajfa-3012	166	80	paid	pay	VERB
ajfa-3012	166	81	on	on	ADP
ajfa-3012	166	82	profit	profit	NOUN
ajfa-3012	166	83	before	before	ADP
ajfa-3012	166	84	tax	tax	NOUN
ajfa-3012	166	85	;	;	PUNCT
ajfa-3012	166	86	tassets	tasset	NOUN
ajfa-3012	166	87	–	–	PUNCT
ajfa-3012	166	88	total	total	ADJ
ajfa-3012	166	89	assets	asset	NOUN
ajfa-3012	166	90	;	;	PUNCT
ajfa-3012	166	91	eff	eff	PROPN
ajfa-3012	166	92	dea	dea	PROPN
ajfa-3012	166	93	technical	technical	PROPN
ajfa-3012	166	94	efficiency	efficiency	NOUN
ajfa-3012	166	95	scores	score	NOUN
ajfa-3012	166	96	.	.	PUNCT
ajfa-3012	167	1	the	the	DET
ajfa-3012	167	2	risk	risk	NOUN
ajfa-3012	167	3	profile	profile	NOUN
ajfa-3012	167	4	of	of	ADP
ajfa-3012	167	5	the	the	DET
ajfa-3012	167	6	sample	sample	NOUN
ajfa-3012	167	7	banks	bank	NOUN
ajfa-3012	167	8	(	(	PUNCT
ajfa-3012	167	9	risk	risk	NOUN
ajfa-3012	167	10	)	)	PUNCT
ajfa-3012	167	11	is	be	AUX
ajfa-3012	167	12	also	also	ADV
ajfa-3012	167	13	diverse	diverse	ADJ
ajfa-3012	167	14	with	with	ADP
ajfa-3012	167	15	the	the	DET
ajfa-3012	167	16	average	average	ADJ
ajfa-3012	167	17	ratio	ratio	NOUN
ajfa-3012	167	18	of	of	ADP
ajfa-3012	167	19	loans	loan	NOUN
ajfa-3012	167	20	to	to	ADP
ajfa-3012	167	21	deposits	deposit	NOUN
ajfa-3012	167	22	and	and	CCONJ
ajfa-3012	167	23	short	short	ADJ
ajfa-3012	167	24	-	-	PUNCT
ajfa-3012	167	25	term	term	NOUN
ajfa-3012	167	26	funding	funding	NOUN
ajfa-3012	167	27	of	of	ADP
ajfa-3012	167	28	58	58	NUM
ajfa-3012	167	29	percent	percent	NOUN
ajfa-3012	167	30	but	but	CCONJ
ajfa-3012	167	31	with	with	ADP
ajfa-3012	167	32	a	a	DET
ajfa-3012	167	33	minimum	minimum	NOUN
ajfa-3012	167	34	of	of	ADP
ajfa-3012	167	35	just	just	ADV
ajfa-3012	167	36	6	6	NUM
ajfa-3012	167	37	percent	percent	NOUN
ajfa-3012	167	38	.	.	PUNCT
ajfa-3012	168	1	this	this	PRON
ajfa-3012	168	2	is	be	AUX
ajfa-3012	168	3	in	in	ADP
ajfa-3012	168	4	line	line	NOUN
ajfa-3012	168	5	with	with	ADP
ajfa-3012	168	6	the	the	DET
ajfa-3012	168	7	eq	eq	NOUN
ajfa-3012	168	8	variable	variable	NOUN
ajfa-3012	168	9	measuring	measure	VERB
ajfa-3012	168	10	equity	equity	NOUN
ajfa-3012	168	11	capitalization	capitalization	NOUN
ajfa-3012	168	12	as	as	ADP
ajfa-3012	168	13	the	the	DET
ajfa-3012	168	14	ratio	ratio	NOUN
ajfa-3012	168	15	of	of	ADP
ajfa-3012	168	16	total	total	ADJ
ajfa-3012	168	17	equity	equity	NOUN
ajfa-3012	168	18	to	to	ADP
ajfa-3012	168	19	total	total	ADJ
ajfa-3012	168	20	assets	asset	NOUN
ajfa-3012	168	21	with	with	ADP
ajfa-3012	168	22	a	a	DET
ajfa-3012	168	23	maximum	maximum	ADJ
ajfa-3012	168	24	value	value	NOUN
ajfa-3012	168	25	of	of	ADP
ajfa-3012	168	26	99	99	NUM
ajfa-3012	168	27	percent	percent	NOUN
ajfa-3012	168	28	.	.	PUNCT
ajfa-3012	169	1	the	the	DET
ajfa-3012	169	2	rule	rule	NOUN
ajfa-3012	169	3	of	of	ADP
ajfa-3012	169	4	law	law	NOUN
ajfa-3012	169	5	index	index	NOUN
ajfa-3012	169	6	and	and	CCONJ
ajfa-3012	169	7	the	the	DET
ajfa-3012	169	8	control	control	NOUN
ajfa-3012	169	9	of	of	ADP
ajfa-3012	169	10	corruption	corruption	NOUN
ajfa-3012	169	11	index	index	NOUN
ajfa-3012	169	12	(	(	PUNCT
ajfa-3012	169	13	which	which	PRON
ajfa-3012	169	14	varies	vary	VERB
ajfa-3012	169	15	between	between	ADP
ajfa-3012	169	16	-2.5	-2.5	PROPN
ajfa-3012	169	17	and	and	CCONJ
ajfa-3012	169	18	+2.5	+2.5	ADJ
ajfa-3012	169	19	)	)	PUNCT
ajfa-3012	169	20	show	show	VERB
ajfa-3012	169	21	the	the	DET
ajfa-3012	169	22	lowest	low	ADJ
ajfa-3012	169	23	variation	variation	NOUN
ajfa-3012	169	24	and	and	CCONJ
ajfa-3012	169	25	signifies	signify	VERB
ajfa-3012	169	26	little	little	ADJ
ajfa-3012	169	27	improvement	improvement	NOUN
ajfa-3012	169	28	over	over	ADP
ajfa-3012	169	29	the	the	DET
ajfa-3012	169	30	sample	sample	NOUN
ajfa-3012	169	31	period	period	NOUN
ajfa-3012	169	32	.	.	PUNCT
ajfa-3012	170	1	with	with	ADP
ajfa-3012	170	2	regard	regard	NOUN
ajfa-3012	170	3	to	to	ADP
ajfa-3012	170	4	the	the	DET
ajfa-3012	170	5	methodology	methodology	NOUN
ajfa-3012	170	6	,	,	PUNCT
ajfa-3012	170	7	our	our	PRON
ajfa-3012	170	8	relatively	relatively	ADV
ajfa-3012	170	9	larger	large	ADJ
ajfa-3012	170	10	time	time	NOUN
ajfa-3012	170	11	period	period	NOUN
ajfa-3012	170	12	t	t	PROPN
ajfa-3012	170	13	,	,	PUNCT
ajfa-3012	170	14	(	(	PUNCT
ajfa-3012	170	15	t=15	t=15	X
ajfa-3012	170	16	)	)	PUNCT
ajfa-3012	170	17	,	,	PUNCT
ajfa-3012	170	18	may	may	AUX
ajfa-3012	170	19	lead	lead	VERB
ajfa-3012	170	20	to	to	ADP
ajfa-3012	170	21	issues	issue	NOUN
ajfa-3012	170	22	regarding	regard	VERB
ajfa-3012	170	23	non	non	ADJ
ajfa-3012	170	24	-	-	NOUN
ajfa-3012	170	25	stationarity	stationarity	NOUN
ajfa-3012	170	26	of	of	ADP
ajfa-3012	170	27	the	the	DET
ajfa-3012	170	28	panel	panel	NOUN
ajfa-3012	170	29	.	.	PUNCT
ajfa-3012	171	1	this	this	PRON
ajfa-3012	171	2	is	be	AUX
ajfa-3012	171	3	evaluated	evaluate	VERB
ajfa-3012	171	4	by	by	ADP
ajfa-3012	171	5	using	use	VERB
ajfa-3012	171	6	fisher	fisher	PROPN
ajfa-3012	171	7	test	test	NOUN
ajfa-3012	171	8	and	and	CCONJ
ajfa-3012	171	9	null	null	ADJ
ajfa-3012	171	10	hypothesis	hypothesis	NOUN
ajfa-3012	171	11	of	of	ADP
ajfa-3012	171	12	non	non	ADJ
ajfa-3012	171	13	-	-	NOUN
ajfa-3012	171	14	stationarity	stationarity	NOUN
ajfa-3012	171	15	is	be	AUX
ajfa-3012	171	16	rejected	reject	VERB
ajfa-3012	171	17	at	at	ADP
ajfa-3012	171	18	the	the	DET
ajfa-3012	171	19	5	5	NUM
ajfa-3012	171	20	percent	percent	NOUN
ajfa-3012	171	21	level	level	NOUN
ajfa-3012	171	22	.	.	PUNCT
ajfa-3012	172	1	maddala	maddala	NOUN
ajfa-3012	172	2	and	and	CCONJ
ajfa-3012	172	3	wu	wu	PROPN
ajfa-3012	172	4	(	(	PUNCT
ajfa-3012	172	5	1999	1999	NUM
ajfa-3012	172	6	)	)	PUNCT
ajfa-3012	172	7	asian	asian	ADJ
ajfa-3012	172	8	journal	journal	NOUN
ajfa-3012	172	9	of	of	ADP
ajfa-3012	172	10	finance	finance	PROPN
ajfa-3012	172	11	&	&	CCONJ
ajfa-3012	172	12	accounting	accounting	PROPN
ajfa-3012	172	13	issn	issn	PROPN
ajfa-3012	172	14	1946	1946	NUM
ajfa-3012	172	15	-	-	PUNCT
ajfa-3012	172	16	052x	052x	NOUN
ajfa-3012	172	17	2013	2013	NUM
ajfa-3012	172	18	,	,	PUNCT
ajfa-3012	172	19	vol	vol	NOUN
ajfa-3012	172	20	.	.	PROPN
ajfa-3012	172	21	5	5	NUM
ajfa-3012	172	22	,	,	PUNCT
ajfa-3012	172	23	no	no	INTJ
ajfa-3012	172	24	.	.	NOUN
ajfa-3012	172	25	1	1	NUM
ajfa-3012	172	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	172	27	375	375	NUM
ajfa-3012	172	28	suggest	suggest	VERB
ajfa-3012	172	29	the	the	DET
ajfa-3012	172	30	use	use	NOUN
ajfa-3012	172	31	of	of	ADP
ajfa-3012	172	32	the	the	DET
ajfa-3012	172	33	fisher	fisher	PROPN
ajfa-3012	172	34	test	test	NOUN
ajfa-3012	172	35	,	,	PUNCT
ajfa-3012	172	36	which	which	PRON
ajfa-3012	172	37	is	be	AUX
ajfa-3012	172	38	based	base	VERB
ajfa-3012	172	39	on	on	ADP
ajfa-3012	172	40	combining	combine	VERB
ajfa-3012	172	41	the	the	DET
ajfa-3012	172	42	p	p	NOUN
ajfa-3012	172	43	-	-	PUNCT
ajfa-3012	172	44	values	value	NOUN
ajfa-3012	172	45	of	of	ADP
ajfa-3012	172	46	the	the	DET
ajfa-3012	172	47	test	test	NOUN
ajfa-3012	172	48	statistic	statistic	NOUN
ajfa-3012	172	49	for	for	ADP
ajfa-3012	172	50	a	a	DET
ajfa-3012	172	51	unit	unit	NOUN
ajfa-3012	172	52	root	root	NOUN
ajfa-3012	172	53	in	in	ADP
ajfa-3012	172	54	each	each	DET
ajfa-3012	172	55	bank	bank	NOUN
ajfa-3012	172	56	.	.	PUNCT
ajfa-3012	173	1	the	the	DET
ajfa-3012	173	2	advantage	advantage	NOUN
ajfa-3012	173	3	of	of	ADP
ajfa-3012	173	4	this	this	DET
ajfa-3012	173	5	test	test	NOUN
ajfa-3012	173	6	is	be	AUX
ajfa-3012	173	7	that	that	SCONJ
ajfa-3012	173	8	not	not	PART
ajfa-3012	173	9	only	only	ADV
ajfa-3012	173	10	it	it	PRON
ajfa-3012	173	11	performs	perform	VERB
ajfa-3012	173	12	better	well	ADJ
ajfa-3012	173	13	than	than	ADP
ajfa-3012	173	14	other	other	ADJ
ajfa-3012	173	15	tests	test	NOUN
ajfa-3012	173	16	for	for	ADP
ajfa-3012	173	17	unit	unit	NOUN
ajfa-3012	173	18	roots	root	NOUN
ajfa-3012	173	19	in	in	ADP
ajfa-3012	173	20	panel	panel	NOUN
ajfa-3012	173	21	data	datum	NOUN
ajfa-3012	173	22	but	but	CCONJ
ajfa-3012	173	23	also	also	ADV
ajfa-3012	173	24	it	it	PRON
ajfa-3012	173	25	can	can	AUX
ajfa-3012	173	26	work	work	VERB
ajfa-3012	173	27	with	with	ADP
ajfa-3012	173	28	unbalanced	unbalanced	ADJ
ajfa-3012	173	29	panels	panel	NOUN
ajfa-3012	173	30	.	.	PUNCT
ajfa-3012	174	1	prior	prior	ADV
ajfa-3012	174	2	to	to	ADP
ajfa-3012	174	3	obtaining	obtain	VERB
ajfa-3012	174	4	empirical	empirical	ADJ
ajfa-3012	174	5	results	result	NOUN
ajfa-3012	174	6	,	,	PUNCT
ajfa-3012	174	7	we	we	PRON
ajfa-3012	174	8	also	also	ADV
ajfa-3012	174	9	established	establish	VERB
ajfa-3012	174	10	whether	whether	SCONJ
ajfa-3012	174	11	the	the	DET
ajfa-3012	174	12	difference	difference	NOUN
ajfa-3012	174	13	in	in	ADP
ajfa-3012	174	14	coefficients	coefficient	NOUN
ajfa-3012	174	15	between	between	ADP
ajfa-3012	174	16	fixed	fix	VERB
ajfa-3012	174	17	effects	effect	NOUN
ajfa-3012	174	18	(	(	PUNCT
ajfa-3012	174	19	fe	fe	NOUN
ajfa-3012	174	20	)	)	PUNCT
ajfa-3012	174	21	and	and	CCONJ
ajfa-3012	174	22	random	random	ADJ
ajfa-3012	174	23	effects	effect	NOUN
ajfa-3012	174	24	(	(	PUNCT
ajfa-3012	174	25	re	re	NOUN
ajfa-3012	174	26	)	)	PUNCT
ajfa-3012	174	27	is	be	AUX
ajfa-3012	174	28	systematic	systematic	ADJ
ajfa-3012	174	29	or	or	CCONJ
ajfa-3012	174	30	not	not	PART
ajfa-3012	174	31	.	.	PUNCT
ajfa-3012	175	1	hausman	hausman	PROPN
ajfa-3012	175	2	test	test	NOUN
ajfa-3012	175	3	is	be	AUX
ajfa-3012	175	4	used	use	VERB
ajfa-3012	175	5	for	for	ADP
ajfa-3012	175	6	this	this	DET
ajfa-3012	175	7	purpose	purpose	NOUN
ajfa-3012	175	8	and	and	CCONJ
ajfa-3012	175	9	as	as	SCONJ
ajfa-3012	175	10	the	the	DET
ajfa-3012	175	11	test	test	NOUN
ajfa-3012	175	12	statistic	statistic	NOUN
ajfa-3012	175	13	indicates	indicate	VERB
ajfa-3012	175	14	,	,	PUNCT
ajfa-3012	175	15	differences	difference	NOUN
ajfa-3012	175	16	are	be	AUX
ajfa-3012	175	17	found	find	VERB
ajfa-3012	175	18	to	to	PART
ajfa-3012	175	19	be	be	AUX
ajfa-3012	175	20	systematic	systematic	ADJ
ajfa-3012	175	21	providing	provide	VERB
ajfa-3012	175	22	evidence	evidence	NOUN
ajfa-3012	175	23	in	in	ADP
ajfa-3012	175	24	favour	favour	PROPN
ajfa-3012	175	25	the	the	DET
ajfa-3012	175	26	fe	fe	PROPN
ajfa-3012	175	27	model	model	NOUN
ajfa-3012	175	28	(	(	PUNCT
ajfa-3012	175	29	x2	x2	NOUN
ajfa-3012	175	30	(	(	PUNCT
ajfa-3012	175	31	9	9	NUM
ajfa-3012	175	32	)	)	PUNCT
ajfa-3012	175	33	=	=	NOUN
ajfa-3012	175	34	35	35	NUM
ajfa-3012	175	35	)	)	PUNCT
ajfa-3012	175	36	.	.	PUNCT
ajfa-3012	176	1	with	with	ADP
ajfa-3012	176	2	regard	regard	NOUN
ajfa-3012	176	3	to	to	ADP
ajfa-3012	176	4	extracting	extract	VERB
ajfa-3012	176	5	consistent	consistent	ADJ
ajfa-3012	176	6	and	and	CCONJ
ajfa-3012	176	7	efficient	efficient	ADJ
ajfa-3012	176	8	estimates	estimate	NOUN
ajfa-3012	176	9	,	,	PUNCT
ajfa-3012	176	10	we	we	PRON
ajfa-3012	176	11	used	use	VERB
ajfa-3012	176	12	all	all	DET
ajfa-3012	176	13	available	available	ADJ
ajfa-3012	176	14	lagged	lag	VERB
ajfa-3012	176	15	values	value	NOUN
ajfa-3012	176	16	of	of	ADP
ajfa-3012	176	17	the	the	DET
ajfa-3012	176	18	dependent	dependent	ADJ
ajfa-3012	176	19	variable	variable	NOUN
ajfa-3012	176	20	plus	plus	CCONJ
ajfa-3012	176	21	lagged	lag	VERB
ajfa-3012	176	22	values	value	NOUN
ajfa-3012	176	23	of	of	ADP
ajfa-3012	176	24	the	the	DET
ajfa-3012	176	25	exogenous	exogenous	ADJ
ajfa-3012	176	26	regressors	regressor	NOUN
ajfa-3012	176	27	as	as	ADP
ajfa-3012	176	28	instruments	instrument	NOUN
ajfa-3012	176	29	(	(	PUNCT
ajfa-3012	176	30	arellano	arellano	PROPN
ajfa-3012	176	31	and	and	CCONJ
ajfa-3012	176	32	bond	bond	NOUN
ajfa-3012	176	33	1991	1991	NUM
ajfa-3012	176	34	)	)	PUNCT
ajfa-3012	176	35	.	.	PUNCT
ajfa-3012	177	1	the	the	DET
ajfa-3012	177	2	use	use	NOUN
ajfa-3012	177	3	of	of	ADP
ajfa-3012	177	4	the	the	DET
ajfa-3012	177	5	arellano	arellano	PROPN
ajfa-3012	177	6	and	and	CCONJ
ajfa-3012	177	7	bond	bond	NOUN
ajfa-3012	177	8	estimator	estimator	NOUN
ajfa-3012	177	9	has	have	AUX
ajfa-3012	177	10	been	be	AUX
ajfa-3012	177	11	criticized	criticize	VERB
ajfa-3012	177	12	sometimes	sometimes	ADV
ajfa-3012	177	13	when	when	SCONJ
ajfa-3012	177	14	applied	apply	VERB
ajfa-3012	177	15	to	to	ADP
ajfa-3012	177	16	panels	panel	NOUN
ajfa-3012	177	17	with	with	ADP
ajfa-3012	177	18	very	very	ADV
ajfa-3012	177	19	small	small	ADJ
ajfa-3012	177	20	time	time	NOUN
ajfa-3012	177	21	periods	period	NOUN
ajfa-3012	177	22	.	.	PUNCT
ajfa-3012	178	1	the	the	DET
ajfa-3012	178	2	reason	reason	NOUN
ajfa-3012	178	3	suggested	suggest	VERB
ajfa-3012	178	4	is	be	AUX
ajfa-3012	178	5	that	that	SCONJ
ajfa-3012	178	6	under	under	ADP
ajfa-3012	178	7	such	such	ADJ
ajfa-3012	178	8	conditions	condition	NOUN
ajfa-3012	178	9	this	this	DET
ajfa-3012	178	10	estimator	estimator	NOUN
ajfa-3012	178	11	is	be	AUX
ajfa-3012	178	12	inefficient	inefficient	ADJ
ajfa-3012	178	13	if	if	SCONJ
ajfa-3012	178	14	the	the	DET
ajfa-3012	178	15	instruments	instrument	NOUN
ajfa-3012	178	16	used	use	VERB
ajfa-3012	178	17	are	be	AUX
ajfa-3012	178	18	weak	weak	ADJ
ajfa-3012	178	19	(	(	PUNCT
ajfa-3012	178	20	arellano	arellano	PROPN
ajfa-3012	178	21	and	and	CCONJ
ajfa-3012	178	22	bover	bover	ADP
ajfa-3012	178	23	1995	1995	NUM
ajfa-3012	178	24	)	)	PUNCT
ajfa-3012	178	25	.	.	PUNCT
ajfa-3012	179	1	in	in	ADP
ajfa-3012	179	2	this	this	DET
ajfa-3012	179	3	study	study	NOUN
ajfa-3012	179	4	however	however	ADV
ajfa-3012	179	5	,	,	PUNCT
ajfa-3012	179	6	the	the	DET
ajfa-3012	179	7	t	t	NOUN
ajfa-3012	179	8	is	be	AUX
ajfa-3012	179	9	15	15	NUM
ajfa-3012	179	10	,	,	PUNCT
ajfa-3012	179	11	which	which	PRON
ajfa-3012	179	12	is	be	AUX
ajfa-3012	179	13	arguably	arguably	ADV
ajfa-3012	179	14	large	large	ADJ
ajfa-3012	179	15	enough	enough	ADV
ajfa-3012	179	16	to	to	PART
ajfa-3012	179	17	avoid	avoid	VERB
ajfa-3012	179	18	such	such	ADJ
ajfa-3012	179	19	problems	problem	NOUN
ajfa-3012	179	20	.	.	PUNCT
ajfa-3012	180	1	consequently	consequently	ADV
ajfa-3012	180	2	,	,	PUNCT
ajfa-3012	180	3	the	the	DET
ajfa-3012	180	4	model	model	NOUN
ajfa-3012	180	5	can	can	AUX
ajfa-3012	180	6	be	be	AUX
ajfa-3012	180	7	safely	safely	ADV
ajfa-3012	180	8	estimated	estimate	VERB
ajfa-3012	180	9	using	use	VERB
ajfa-3012	180	10	the	the	DET
ajfa-3012	180	11	gmm	gmm	PROPN
ajfa-3012	180	12	estimator	estimator	NOUN
ajfa-3012	180	13	in	in	ADP
ajfa-3012	180	14	the	the	DET
ajfa-3012	180	15	arellano	arellano	PROPN
ajfa-3012	180	16	and	and	CCONJ
ajfa-3012	180	17	bond	bond	NOUN
ajfa-3012	180	18	paradigm	paradigm	NOUN
ajfa-3012	180	19	.	.	PUNCT
ajfa-3012	181	1	the	the	DET
ajfa-3012	181	2	sargan	sargan	PROPN
ajfa-3012	181	3	test	test	NOUN
ajfa-3012	181	4	indicates	indicate	VERB
ajfa-3012	181	5	that	that	SCONJ
ajfa-3012	181	6	there	there	PRON
ajfa-3012	181	7	is	be	VERB
ajfa-3012	181	8	no	no	DET
ajfa-3012	181	9	evidence	evidence	NOUN
ajfa-3012	181	10	of	of	ADP
ajfa-3012	181	11	over	over	ADP
ajfa-3012	181	12	-	-	PUNCT
ajfa-3012	181	13	identifying	identify	VERB
ajfa-3012	181	14	restrictions	restriction	NOUN
ajfa-3012	181	15	,	,	PUNCT
ajfa-3012	181	16	model	model	NOUN
ajfa-3012	181	17	is	be	AUX
ajfa-3012	181	18	correctly	correctly	ADV
ajfa-3012	181	19	specified	specify	VERB
ajfa-3012	181	20	and	and	CCONJ
ajfa-3012	181	21	instruments	instrument	NOUN
ajfa-3012	181	22	are	be	AUX
ajfa-3012	181	23	valid	valid	ADJ
ajfa-3012	181	24	(	(	PUNCT
ajfa-3012	181	25	x2	x2	INTJ
ajfa-3012	181	26	(	(	PUNCT
ajfa-3012	181	27	106	106	NUM
ajfa-3012	181	28	)	)	PUNCT
ajfa-3012	181	29	=	=	PUNCT
ajfa-3012	181	30	274.61	274.61	NUM
ajfa-3012	181	31	)	)	PUNCT
ajfa-3012	181	32	.	.	PUNCT
ajfa-3012	182	1	although	although	SCONJ
ajfa-3012	182	2	the	the	DET
ajfa-3012	182	3	equations	equation	NOUN
ajfa-3012	182	4	indicate	indicate	VERB
ajfa-3012	182	5	the	the	DET
ajfa-3012	182	6	presence	presence	NOUN
ajfa-3012	182	7	of	of	ADP
ajfa-3012	182	8	negative	negative	ADJ
ajfa-3012	182	9	first	first	ADJ
ajfa-3012	182	10	-	-	PUNCT
ajfa-3012	182	11	order	order	NOUN
ajfa-3012	182	12	autocorrelation	autocorrelation	NOUN
ajfa-3012	182	13	(	(	PUNCT
ajfa-3012	182	14	z=-13.79	z=-13.79	NUM
ajfa-3012	182	15	,	,	PUNCT
ajfa-3012	182	16	p	p	NOUN
ajfa-3012	182	17	-	-	PUNCT
ajfa-3012	182	18	value=0.0001	value=0.0001	NOUN
ajfa-3012	182	19	)	)	PUNCT
ajfa-3012	182	20	this	this	PRON
ajfa-3012	182	21	does	do	AUX
ajfa-3012	182	22	not	not	PART
ajfa-3012	182	23	imply	imply	VERB
ajfa-3012	182	24	that	that	SCONJ
ajfa-3012	182	25	the	the	DET
ajfa-3012	182	26	estimates	estimate	NOUN
ajfa-3012	182	27	are	be	AUX
ajfa-3012	182	28	inconsistent	inconsistent	ADJ
ajfa-3012	182	29	.	.	PUNCT
ajfa-3012	183	1	estimates	estimate	NOUN
ajfa-3012	183	2	are	be	AUX
ajfa-3012	183	3	considered	consider	VERB
ajfa-3012	183	4	inconsistent	inconsistent	ADJ
ajfa-3012	183	5	if	if	SCONJ
ajfa-3012	183	6	second	second	ADJ
ajfa-3012	183	7	order	order	NOUN
ajfa-3012	183	8	autocorrelation	autocorrelation	NOUN
ajfa-3012	183	9	is	be	AUX
ajfa-3012	183	10	present	present	ADJ
ajfa-3012	183	11	(	(	PUNCT
ajfa-3012	183	12	arellano	arellano	PROPN
ajfa-3012	183	13	and	and	CCONJ
ajfa-3012	183	14	bond	bond	NOUN
ajfa-3012	183	15	,	,	PUNCT
ajfa-3012	183	16	1991	1991	NUM
ajfa-3012	183	17	)	)	PUNCT
ajfa-3012	183	18	,	,	PUNCT
ajfa-3012	183	19	but	but	CCONJ
ajfa-3012	183	20	this	this	DET
ajfa-3012	183	21	case	case	NOUN
ajfa-3012	183	22	is	be	AUX
ajfa-3012	183	23	rejected	reject	VERB
ajfa-3012	183	24	by	by	ADP
ajfa-3012	183	25	the	the	DET
ajfa-3012	183	26	test	test	NOUN
ajfa-3012	183	27	for	for	ADP
ajfa-3012	183	28	ar	ar	PROPN
ajfa-3012	183	29	(	(	PUNCT
ajfa-3012	183	30	2	2	NUM
ajfa-3012	183	31	)	)	PUNCT
ajfa-3012	183	32	errors	error	NOUN
ajfa-3012	183	33	(	(	PUNCT
ajfa-3012	183	34	z=1.52	z=1.52	PROPN
ajfa-3012	183	35	,	,	PUNCT
ajfa-3012	183	36	p	p	NOUN
ajfa-3012	183	37	-	-	PUNCT
ajfa-3012	183	38	value=0.13	value=0.13	NOUN
ajfa-3012	183	39	)	)	PUNCT
ajfa-3012	183	40	.	.	PUNCT
ajfa-3012	184	1	finally	finally	ADV
ajfa-3012	184	2	,	,	PUNCT
ajfa-3012	184	3	because	because	SCONJ
ajfa-3012	184	4	the	the	DET
ajfa-3012	184	5	time	time	NOUN
ajfa-3012	184	6	frame	frame	NOUN
ajfa-3012	184	7	of	of	ADP
ajfa-3012	184	8	this	this	DET
ajfa-3012	184	9	study	study	NOUN
ajfa-3012	184	10	is	be	AUX
ajfa-3012	184	11	fairly	fairly	ADV
ajfa-3012	184	12	large	large	ADJ
ajfa-3012	184	13	(	(	PUNCT
ajfa-3012	184	14	t	t	NOUN
ajfa-3012	184	15	=	=	SYM
ajfa-3012	184	16	15	15	NUM
ajfa-3012	184	17	)	)	PUNCT
ajfa-3012	184	18	and	and	CCONJ
ajfa-3012	184	19	due	due	ADP
ajfa-3012	184	20	to	to	ADP
ajfa-3012	184	21	the	the	DET
ajfa-3012	184	22	developments	development	NOUN
ajfa-3012	184	23	and	and	CCONJ
ajfa-3012	184	24	regulatory	regulatory	ADJ
ajfa-3012	184	25	changes	change	NOUN
ajfa-3012	184	26	in	in	ADP
ajfa-3012	184	27	the	the	DET
ajfa-3012	184	28	south	south	ADJ
ajfa-3012	184	29	asian	asian	ADJ
ajfa-3012	184	30	banking	banking	NOUN
ajfa-3012	184	31	markets	market	NOUN
ajfa-3012	184	32	,	,	PUNCT
ajfa-3012	184	33	time	time	NOUN
ajfa-3012	184	34	effects	effect	NOUN
ajfa-3012	184	35	can	can	AUX
ajfa-3012	184	36	be	be	AUX
ajfa-3012	184	37	present	present	ADJ
ajfa-3012	184	38	in	in	ADP
ajfa-3012	184	39	the	the	DET
ajfa-3012	184	40	error	error	NOUN
ajfa-3012	184	41	component	component	NOUN
ajfa-3012	184	42	of	of	ADP
ajfa-3012	184	43	the	the	DET
ajfa-3012	184	44	model	model	NOUN
ajfa-3012	184	45	.	.	PUNCT
ajfa-3012	185	1	this	this	DET
ajfa-3012	185	2	issue	issue	NOUN
ajfa-3012	185	3	is	be	AUX
ajfa-3012	185	4	addressed	address	VERB
ajfa-3012	185	5	by	by	ADP
ajfa-3012	185	6	testing	test	VERB
ajfa-3012	185	7	for	for	ADP
ajfa-3012	185	8	each	each	DET
ajfa-3012	185	9	year	year	NOUN
ajfa-3012	185	10	and	and	CCONJ
ajfa-3012	185	11	using	use	VERB
ajfa-3012	185	12	a	a	DET
ajfa-3012	185	13	vector	vector	NOUN
ajfa-3012	185	14	of	of	ADP
ajfa-3012	185	15	dummies	dummy	NOUN
ajfa-3012	185	16	to	to	PART
ajfa-3012	185	17	capture	capture	VERB
ajfa-3012	185	18	time	time	NOUN
ajfa-3012	185	19	-	-	PUNCT
ajfa-3012	185	20	varying	vary	VERB
ajfa-3012	185	21	effects	effect	NOUN
ajfa-3012	185	22	.	.	PUNCT
ajfa-3012	186	1	4.2	4.2	NUM
ajfa-3012	186	2	discussion	discussion	NOUN
ajfa-3012	186	3	of	of	ADP
ajfa-3012	186	4	findings	finding	NOUN
ajfa-3012	186	5	overall	overall	ADV
ajfa-3012	186	6	,	,	PUNCT
ajfa-3012	186	7	the	the	DET
ajfa-3012	186	8	coefficients	coefficient	NOUN
ajfa-3012	186	9	’	’	PART
ajfa-3012	186	10	signs	sign	NOUN
ajfa-3012	186	11	and	and	CCONJ
ajfa-3012	186	12	statistical	statistical	ADJ
ajfa-3012	186	13	significance	significance	NOUN
ajfa-3012	186	14	are	be	AUX
ajfa-3012	186	15	consistent	consistent	ADJ
ajfa-3012	186	16	and	and	CCONJ
ajfa-3012	186	17	there	there	PRON
ajfa-3012	186	18	is	be	VERB
ajfa-3012	186	19	broad	broad	ADJ
ajfa-3012	186	20	stability	stability	NOUN
ajfa-3012	186	21	across	across	ADP
ajfa-3012	186	22	model	model	NOUN
ajfa-3012	186	23	1	1	NUM
ajfa-3012	186	24	and	and	CCONJ
ajfa-3012	186	25	model	model	NOUN
ajfa-3012	186	26	2	2	NUM
ajfa-3012	186	27	.	.	PUNCT
ajfa-3012	187	1	this	this	PRON
ajfa-3012	187	2	indicates	indicate	VERB
ajfa-3012	187	3	the	the	DET
ajfa-3012	187	4	relative	relative	ADJ
ajfa-3012	187	5	soundness	soundness	NOUN
ajfa-3012	187	6	of	of	ADP
ajfa-3012	187	7	model	model	NOUN
ajfa-3012	187	8	fitting	fitting	ADJ
ajfa-3012	187	9	and	and	CCONJ
ajfa-3012	187	10	the	the	DET
ajfa-3012	187	11	reliability	reliability	NOUN
ajfa-3012	187	12	of	of	ADP
ajfa-3012	187	13	the	the	DET
ajfa-3012	187	14	estimates	estimate	NOUN
ajfa-3012	187	15	obtained	obtain	VERB
ajfa-3012	187	16	.	.	PUNCT
ajfa-3012	188	1	the	the	DET
ajfa-3012	188	2	main	main	ADJ
ajfa-3012	188	3	results	result	NOUN
ajfa-3012	188	4	are	be	AUX
ajfa-3012	188	5	now	now	ADV
ajfa-3012	188	6	discussed	discuss	VERB
ajfa-3012	188	7	in	in	ADP
ajfa-3012	188	8	the	the	DET
ajfa-3012	188	9	same	same	ADJ
ajfa-3012	188	10	order	order	NOUN
ajfa-3012	188	11	as	as	SCONJ
ajfa-3012	188	12	presented	present	VERB
ajfa-3012	188	13	in	in	ADP
ajfa-3012	188	14	table	table	NOUN
ajfa-3012	188	15	5	5	NUM
ajfa-3012	188	16	.	.	PUNCT
ajfa-3012	189	1	the	the	DET
ajfa-3012	189	2	highly	highly	ADV
ajfa-3012	189	3	significant	significant	ADJ
ajfa-3012	189	4	coefficient	coefficient	NOUN
ajfa-3012	189	5	for	for	ADP
ajfa-3012	189	6	the	the	DET
ajfa-3012	189	7	lagged	lag	VERB
ajfa-3012	189	8	profitability	profitability	NOUN
ajfa-3012	189	9	variable	variable	NOUN
ajfa-3012	189	10	(	(	PUNCT
ajfa-3012	189	11	roaa(-1	roaa(-1	ADJ
ajfa-3012	189	12	)	)	PUNCT
ajfa-3012	189	13	)	)	PUNCT
ajfa-3012	189	14	confirms	confirm	VERB
ajfa-3012	189	15	the	the	DET
ajfa-3012	189	16	dynamic	dynamic	ADJ
ajfa-3012	189	17	character	character	NOUN
ajfa-3012	189	18	of	of	ADP
ajfa-3012	189	19	the	the	DET
ajfa-3012	189	20	model	model	NOUN
ajfa-3012	189	21	specification	specification	NOUN
ajfa-3012	189	22	.	.	PUNCT
ajfa-3012	190	1	its	its	PRON
ajfa-3012	190	2	coefficients	coefficient	NOUN
ajfa-3012	190	3	take	take	VERB
ajfa-3012	190	4	values	value	NOUN
ajfa-3012	190	5	of	of	ADP
ajfa-3012	190	6	0.2352	0.2352	NUM
ajfa-3012	190	7	in	in	ADP
ajfa-3012	190	8	model	model	NOUN
ajfa-3012	190	9	1	1	NUM
ajfa-3012	190	10	and	and	CCONJ
ajfa-3012	190	11	0.1564	0.1564	NUM
ajfa-3012	190	12	in	in	ADP
ajfa-3012	190	13	model	model	NOUN
ajfa-3012	190	14	2	2	NUM
ajfa-3012	190	15	which	which	PRON
ajfa-3012	190	16	reveal	reveal	VERB
ajfa-3012	190	17	that	that	SCONJ
ajfa-3012	190	18	speed	speed	NOUN
ajfa-3012	190	19	of	of	ADP
ajfa-3012	190	20	adjustment	adjustment	NOUN
ajfa-3012	190	21	is	be	AUX
ajfa-3012	190	22	slow	slow	ADJ
ajfa-3012	190	23	and	and	CCONJ
ajfa-3012	190	24	that	that	SCONJ
ajfa-3012	190	25	profits	profit	NOUN
ajfa-3012	190	26	seem	seem	VERB
ajfa-3012	190	27	to	to	PART
ajfa-3012	190	28	persist	persist	VERB
ajfa-3012	190	29	to	to	ADP
ajfa-3012	190	30	a	a	DET
ajfa-3012	190	31	moderate	moderate	ADJ
ajfa-3012	190	32	extent	extent	NOUN
ajfa-3012	190	33	.	.	PUNCT
ajfa-3012	191	1	athanasoglou	athanasoglou	PROPN
ajfa-3012	191	2	,	,	PUNCT
ajfa-3012	191	3	brissimis	brissimis	PROPN
ajfa-3012	191	4	and	and	CCONJ
ajfa-3012	191	5	delis	deli	NOUN
ajfa-3012	191	6	(	(	PUNCT
ajfa-3012	191	7	2008	2008	NUM
ajfa-3012	191	8	)	)	PUNCT
ajfa-3012	191	9	reported	report	VERB
ajfa-3012	191	10	similar	similar	ADJ
ajfa-3012	191	11	findings	finding	NOUN
ajfa-3012	191	12	.	.	PUNCT
ajfa-3012	192	1	the	the	DET
ajfa-3012	192	2	equity	equity	NOUN
ajfa-3012	192	3	capital	capital	NOUN
ajfa-3012	192	4	level	level	NOUN
ajfa-3012	192	5	(	(	PUNCT
ajfa-3012	192	6	eq	eq	NOUN
ajfa-3012	192	7	)	)	PUNCT
ajfa-3012	192	8	,	,	PUNCT
ajfa-3012	192	9	as	as	SCONJ
ajfa-3012	192	10	anticipated	anticipate	VERB
ajfa-3012	192	11	,	,	PUNCT
ajfa-3012	192	12	is	be	AUX
ajfa-3012	192	13	found	find	VERB
ajfa-3012	192	14	to	to	PART
ajfa-3012	192	15	be	be	AUX
ajfa-3012	192	16	significantly	significantly	ADV
ajfa-3012	192	17	and	and	CCONJ
ajfa-3012	192	18	positively	positively	ADV
ajfa-3012	192	19	associated	associate	VERB
ajfa-3012	192	20	with	with	ADP
ajfa-3012	192	21	bank	bank	NOUN
ajfa-3012	192	22	profitability	profitability	NOUN
ajfa-3012	192	23	.	.	PUNCT
ajfa-3012	193	1	these	these	DET
ajfa-3012	193	2	results	result	NOUN
ajfa-3012	193	3	substantiate	substantiate	VERB
ajfa-3012	193	4	the	the	DET
ajfa-3012	193	5	fact	fact	NOUN
ajfa-3012	193	6	that	that	SCONJ
ajfa-3012	193	7	well	well	ADV
ajfa-3012	193	8	-	-	PUNCT
ajfa-3012	193	9	capitalised	capitalise	VERB
ajfa-3012	193	10	banks	bank	NOUN
ajfa-3012	193	11	can	can	AUX
ajfa-3012	193	12	source	source	VERB
ajfa-3012	193	13	deposits	deposit	NOUN
ajfa-3012	193	14	and	and	CCONJ
ajfa-3012	193	15	other	other	ADJ
ajfa-3012	193	16	funding	funding	NOUN
ajfa-3012	193	17	at	at	ADP
ajfa-3012	193	18	low	low	ADJ
ajfa-3012	193	19	cost	cost	NOUN
ajfa-3012	193	20	and	and	CCONJ
ajfa-3012	193	21	thereby	thereby	ADV
ajfa-3012	193	22	increase	increase	VERB
ajfa-3012	193	23	their	their	PRON
ajfa-3012	193	24	profits	profit	NOUN
ajfa-3012	193	25	.	.	PUNCT
ajfa-3012	194	1	similar	similar	ADJ
ajfa-3012	194	2	results	result	NOUN
ajfa-3012	194	3	are	be	AUX
ajfa-3012	194	4	presented	present	VERB
ajfa-3012	194	5	by	by	ADP
ajfa-3012	194	6	pasiouras	pasioura	NOUN
ajfa-3012	194	7	and	and	CCONJ
ajfa-3012	194	8	kosmidou	kosmidou	PROPN
ajfa-3012	194	9	(	(	PUNCT
ajfa-3012	194	10	2007	2007	NUM
ajfa-3012	194	11	)	)	PUNCT
ajfa-3012	194	12	and	and	CCONJ
ajfa-3012	194	13	athanasoglou	athanasoglou	PROPN
ajfa-3012	194	14	,	,	PUNCT
ajfa-3012	194	15	brissimis	brissimis	PROPN
ajfa-3012	194	16	and	and	CCONJ
ajfa-3012	194	17	delis	deli	NOUN
ajfa-3012	194	18	(	(	PUNCT
ajfa-3012	194	19	2008	2008	NUM
ajfa-3012	194	20	)	)	PUNCT
ajfa-3012	194	21	.	.	PUNCT
ajfa-3012	195	1	asian	asian	ADJ
ajfa-3012	195	2	journal	journal	PROPN
ajfa-3012	195	3	of	of	ADP
ajfa-3012	195	4	finance	finance	PROPN
ajfa-3012	195	5	&	&	CCONJ
ajfa-3012	195	6	accounting	accounting	PROPN
ajfa-3012	195	7	issn	issn	PROPN
ajfa-3012	195	8	1946	1946	NUM
ajfa-3012	195	9	-	-	PUNCT
ajfa-3012	195	10	052x	052x	NOUN
ajfa-3012	195	11	2013	2013	NUM
ajfa-3012	195	12	,	,	PUNCT
ajfa-3012	195	13	vol	vol	NOUN
ajfa-3012	195	14	.	.	PROPN
ajfa-3012	195	15	5	5	NUM
ajfa-3012	195	16	,	,	PUNCT
ajfa-3012	195	17	no	no	INTJ
ajfa-3012	195	18	.	.	NOUN
ajfa-3012	195	19	1	1	NUM
ajfa-3012	195	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	195	21	376	376	NUM
ajfa-3012	195	22	table	table	NOUN
ajfa-3012	195	23	5	5	NUM
ajfa-3012	195	24	.	.	PUNCT
ajfa-3012	195	25	gmm	gmm	PROPN
ajfa-3012	195	26	estimates	estimate	VERB
ajfa-3012	195	27	panel	panel	NOUN
ajfa-3012	195	28	a	a	PRON
ajfa-3012	195	29	:	:	PUNCT
ajfa-3012	195	30	regression	regression	NOUN
ajfa-3012	195	31	results	result	NOUN
ajfa-3012	195	32	model	model	VERB
ajfa-3012	195	33	1	1	NUM
ajfa-3012	195	34	(	(	PUNCT
ajfa-3012	195	35	with	with	ADP
ajfa-3012	195	36	the	the	DET
ajfa-3012	195	37	h	h	NOUN
ajfa-3012	195	38	-	-	PUNCT
ajfa-3012	195	39	statistic	statistic	ADJ
ajfa-3012	195	40	)	)	PUNCT
ajfa-3012	195	41	model	model	NOUN
ajfa-3012	195	42	2	2	NUM
ajfa-3012	195	43	(	(	PUNCT
ajfa-3012	195	44	with	with	ADP
ajfa-3012	195	45	the	the	DET
ajfa-3012	195	46	hhi	hhi	NOUN
ajfa-3012	195	47	)	)	PUNCT
ajfa-3012	196	1	variables	variable	NOUN
ajfa-3012	196	2	(	(	PUNCT
ajfa-3012	196	3	proxy	proxy	NOUN
ajfa-3012	196	4	)	)	PUNCT
ajfa-3012	196	5	coefficient	coefficient	NOUN
ajfa-3012	196	6	p	p	NOUN
ajfa-3012	196	7	-	-	PUNCT
ajfa-3012	196	8	values	value	NOUN
ajfa-3012	196	9	coefficient	coefficient	VERB
ajfa-3012	196	10	p	p	NOUN
ajfa-3012	196	11	-	-	PUNCT
ajfa-3012	196	12	values	value	NOUN
ajfa-3012	196	13	lag	lag	VERB
ajfa-3012	196	14	profitability	profitability	NOUN
ajfa-3012	196	15	(	(	PUNCT
ajfa-3012	196	16	roaa(-1	roaa(-1	ADJ
ajfa-3012	196	17	)	)	PUNCT
ajfa-3012	196	18	)	)	PUNCT
ajfa-3012	197	1	0.2352	0.2352	NUM
ajfa-3012	197	2	0.0061	0.0061	NUM
ajfa-3012	197	3	*	*	PUNCT
ajfa-3012	197	4	*	*	NOUN
ajfa-3012	197	5	0.1564	0.1564	NUM
ajfa-3012	197	6	0.0278	0.0278	NUM
ajfa-3012	197	7	*	*	PUNCT
ajfa-3012	197	8	*	*	ADJ
ajfa-3012	197	9	equity	equity	NOUN
ajfa-3012	197	10	capital	capital	NOUN
ajfa-3012	197	11	level	level	NOUN
ajfa-3012	197	12	(	(	PUNCT
ajfa-3012	197	13	eq	eq	NOUN
ajfa-3012	197	14	)	)	PUNCT
ajfa-3012	197	15	0.0704	0.0704	NUM
ajfa-3012	197	16	0.0078	0.0078	NUM
ajfa-3012	197	17	*	*	PUNCT
ajfa-3012	197	18	*	*	X
ajfa-3012	197	19	0.0385	0.0385	NUM
ajfa-3012	197	20	0.0767	0.0767	NUM
ajfa-3012	197	21	*	*	PUNCT
ajfa-3012	197	22	risk	risk	NOUN
ajfa-3012	197	23	profile	profile	NOUN
ajfa-3012	197	24	(	(	PUNCT
ajfa-3012	197	25	risk	risk	NOUN
ajfa-3012	197	26	)	)	PUNCT
ajfa-3012	197	27	-0.0045	-0.0045	NOUN
ajfa-3012	197	28	0.0805	0.0805	NUM
ajfa-3012	197	29	*	*	SYM
ajfa-3012	197	30	-0.0032	-0.0032	PROPN
ajfa-3012	197	31	0.1069	0.1069	NUM
ajfa-3012	197	32	efficiency	efficiency	NOUN
ajfa-3012	197	33	of	of	ADP
ajfa-3012	197	34	bank	bank	NOUN
ajfa-3012	197	35	production	production	NOUN
ajfa-3012	197	36	(	(	PUNCT
ajfa-3012	197	37	eff	eff	PROPN
ajfa-3012	197	38	)	)	PUNCT
ajfa-3012	197	39	0.0081	0.0081	NUM
ajfa-3012	197	40	0.0462	0.0462	NUM
ajfa-3012	197	41	*	*	PUNCT
ajfa-3012	197	42	0.0143	0.0143	NUM
ajfa-3012	197	43	0.0443	0.0443	NUM
ajfa-3012	197	44	*	*	PUNCT
ajfa-3012	197	45	*	*	PUNCT
ajfa-3012	198	1	scale	scale	NOUN
ajfa-3012	198	2	effects	effect	NOUN
ajfa-3012	198	3	(	(	PUNCT
ajfa-3012	198	4	tassets	tasset	NOUN
ajfa-3012	198	5	)	)	PUNCT
ajfa-3012	198	6	0.0000	0.0000	NUM
ajfa-3012	198	7	0.0564	0.0564	NUM
ajfa-3012	198	8	*	*	PUNCT
ajfa-3012	199	1	0.0000	0.0000	NUM
ajfa-3012	199	2	0.0432	0.0432	NUM
ajfa-3012	199	3	*	*	PUNCT
ajfa-3012	199	4	*	*	PUNCT
ajfa-3012	199	5	degree	degree	NOUN
ajfa-3012	199	6	of	of	ADP
ajfa-3012	199	7	competition	competition	NOUN
ajfa-3012	199	8	(	(	PUNCT
ajfa-3012	199	9	comp	comp	NOUN
ajfa-3012	199	10	)	)	PUNCT
ajfa-3012	199	11	-0.0018	-0.0018	VERB
ajfa-3012	200	1	0.0777	0.0777	NUM
ajfa-3012	201	1	*	*	PUNCT
ajfa-3012	201	2	0.9517	0.9517	NUM
ajfa-3012	201	3	0.0378	0.0378	NUM
ajfa-3012	201	4	*	*	PUNCT
ajfa-3012	201	5	*	*	NOUN
ajfa-3012	201	6	rule	rule	NOUN
ajfa-3012	201	7	of	of	ADP
ajfa-3012	201	8	law	law	NOUN
ajfa-3012	201	9	(	(	PUNCT
ajfa-3012	201	10	rol	rol	PROPN
ajfa-3012	201	11	)	)	PUNCT
ajfa-3012	201	12	-0.0092	-0.0092	NOUN
ajfa-3012	201	13	0.0409	0.0409	NUM
ajfa-3012	201	14	*	*	PUNCT
ajfa-3012	201	15	*	*	NOUN
ajfa-3012	201	16	-0.0102	-0.0102	NOUN
ajfa-3012	201	17	0.0770	0.0770	NUM
ajfa-3012	201	18	*	*	NOUN
ajfa-3012	201	19	control	control	NOUN
ajfa-3012	201	20	of	of	ADP
ajfa-3012	201	21	corruption	corruption	NOUN
ajfa-3012	201	22	(	(	PUNCT
ajfa-3012	201	23	corr	corr	PROPN
ajfa-3012	201	24	)	)	PUNCT
ajfa-3012	201	25	-0.0163	-0.0163	NOUN
ajfa-3012	202	1	0.0002	0.0002	NUM
ajfa-3012	202	2	*	*	PUNCT
ajfa-3012	202	3	*	*	PUNCT
ajfa-3012	202	4	*	*	PUNCT
ajfa-3012	202	5	-0.0119	-0.0119	X
ajfa-3012	202	6	0.0148	0.0148	NUM
ajfa-3012	202	7	*	*	PUNCT
ajfa-3012	202	8	*	*	PUNCT
ajfa-3012	202	9	tax	tax	NOUN
ajfa-3012	202	10	(	(	PUNCT
ajfa-3012	202	11	tax	tax	NOUN
ajfa-3012	202	12	)	)	PUNCT
ajfa-3012	202	13	-0.0001	-0.0001	NOUN
ajfa-3012	203	1	0.0278	0.0278	NUM
ajfa-3012	203	2	*	*	PUNCT
ajfa-3012	203	3	*	*	PUNCT
ajfa-3012	203	4	-0.0001	-0.0001	NOUN
ajfa-3012	203	5	0.0257	0.0257	NUM
ajfa-3012	203	6	*	*	PUNCT
ajfa-3012	203	7	*	*	PROPN
ajfa-3012	203	8	panel	panel	NOUN
ajfa-3012	203	9	b	b	NOUN
ajfa-3012	203	10	:	:	PUNCT
ajfa-3012	203	11	diagnostics	diagnostic	NOUN
ajfa-3012	203	12	equilibrium	equilibrium	NOUN
ajfa-3012	203	13	test	test	NOUN
ajfa-3012	203	14	(	(	PUNCT
ajfa-3012	203	15	wald	wald	X
ajfa-3012	203	16	test	test	NOUN
ajfa-3012	203	17	for	for	ADP
ajfa-3012	203	18	h=0	h=0	PROPN
ajfa-3012	203	19	)	)	PUNCT
ajfa-3012	203	20	bangladesh	bangladesh	NOUN
ajfa-3012	203	21	h	h	NOUN
ajfa-3012	203	22	=	=	SYM
ajfa-3012	203	23	0.2912	0.2912	NUM
ajfa-3012	203	24	(	(	PUNCT
ajfa-3012	203	25	p	p	NOUN
ajfa-3012	203	26	-	-	PUNCT
ajfa-3012	203	27	value	value	NOUN
ajfa-3012	203	28	=	=	NOUN
ajfa-3012	203	29	0.4878	0.4878	NUM
ajfa-3012	203	30	)	)	PUNCT
ajfa-3012	203	31	;	;	PUNCT
ajfa-3012	203	32	india	india	PROPN
ajfa-3012	203	33	h	h	PROPN
ajfa-3012	203	34	=	=	PROPN
ajfa-3012	203	35	0.8897	0.8897	NUM
ajfa-3012	203	36	(	(	PUNCT
ajfa-3012	203	37	p	p	NOUN
ajfa-3012	203	38	-	-	PUNCT
ajfa-3012	203	39	value	value	NOUN
ajfa-3012	203	40	=	=	NOUN
ajfa-3012	203	41	0.3048	0.3048	NUM
ajfa-3012	203	42	)	)	PUNCT
ajfa-3012	203	43	;	;	PUNCT
ajfa-3012	203	44	pakistan	pakistan	PROPN
ajfa-3012	203	45	h	h	NOUN
ajfa-3012	203	46	=	=	PUNCT
ajfa-3012	204	1	0.7988	0.7988	NUM
ajfa-3012	204	2	(	(	PUNCT
ajfa-3012	204	3	p	p	NOUN
ajfa-3012	204	4	-	-	PUNCT
ajfa-3012	204	5	value	value	NOUN
ajfa-3012	204	6	=	=	NOUN
ajfa-3012	204	7	0.4675	0.4675	NUM
ajfa-3012	204	8	)	)	PUNCT
ajfa-3012	204	9	;	;	PUNCT
ajfa-3012	204	10	sri	sri	PROPN
ajfa-3012	204	11	lanka	lanka	PROPN
ajfa-3012	204	12	h	h	PROPN
ajfa-3012	205	1	=	=	PUNCT
ajfa-3012	205	2	0.2176	0.2176	NUM
ajfa-3012	205	3	(	(	PUNCT
ajfa-3012	205	4	p	p	NOUN
ajfa-3012	205	5	-	-	PUNCT
ajfa-3012	205	6	value	value	NOUN
ajfa-3012	205	7	=	=	SYM
ajfa-3012	205	8	0.5975	0.5975	NUM
ajfa-3012	205	9	)	)	PUNCT
ajfa-3012	205	10	sargan	sargan	VERB
ajfa-3012	205	11	test	test	NOUN
ajfa-3012	205	12	x2	x2	PROPN
ajfa-3012	205	13	(	(	PUNCT
ajfa-3012	205	14	106	106	NUM
ajfa-3012	205	15	)	)	PUNCT
ajfa-3012	205	16	=	=	SYM
ajfa-3012	205	17	274.61	274.61	NUM
ajfa-3012	205	18	hausman	hausman	ADJ
ajfa-3012	205	19	test	test	NOUN
ajfa-3012	205	20	x2	x2	NOUN
ajfa-3012	205	21	(	(	PUNCT
ajfa-3012	205	22	9	9	NUM
ajfa-3012	205	23	)	)	PUNCT
ajfa-3012	205	24	=	=	NOUN
ajfa-3012	205	25	35	35	NUM
ajfa-3012	205	26	ar(1	ar(1	NOUN
ajfa-3012	205	27	)	)	PUNCT
ajfa-3012	205	28	z=-13.79	z=-13.79	PROPN
ajfa-3012	205	29	(	(	PUNCT
ajfa-3012	205	30	p	p	NOUN
ajfa-3012	205	31	-	-	PUNCT
ajfa-3012	205	32	value	value	NOUN
ajfa-3012	205	33	0.0001	0.0001	NUM
ajfa-3012	205	34	)	)	PUNCT
ajfa-3012	205	35	ar(2	ar(2	PROPN
ajfa-3012	205	36	)	)	PUNCT
ajfa-3012	205	37	z=1.52	z=1.52	PUNCT
ajfa-3012	206	1	(	(	PUNCT
ajfa-3012	206	2	p	p	NOUN
ajfa-3012	206	3	-	-	PUNCT
ajfa-3012	206	4	value	value	NOUN
ajfa-3012	206	5	=	=	NOUN
ajfa-3012	206	6	0.13	0.13	NUM
ajfa-3012	206	7	)	)	PUNCT
ajfa-3012	206	8	*	*	PUNCT
ajfa-3012	207	1	*	*	PUNCT
ajfa-3012	207	2	*	*	PUNCT
ajfa-3012	207	3	,	,	PUNCT
ajfa-3012	207	4	*	*	PUNCT
ajfa-3012	207	5	*	*	PUNCT
ajfa-3012	207	6	and	and	CCONJ
ajfa-3012	207	7	*	*	PUNCT
ajfa-3012	207	8	signify	signify	VERB
ajfa-3012	207	9	statistical	statistical	ADJ
ajfa-3012	207	10	significance	significance	NOUN
ajfa-3012	207	11	at	at	ADP
ajfa-3012	207	12	1	1	NUM
ajfa-3012	207	13	,	,	PUNCT
ajfa-3012	207	14	5	5	NUM
ajfa-3012	207	15	and	and	CCONJ
ajfa-3012	207	16	10	10	NUM
ajfa-3012	207	17	percent	percent	NOUN
ajfa-3012	207	18	respectively	respectively	ADV
ajfa-3012	207	19	.	.	PUNCT
ajfa-3012	208	1	consistent	consistent	ADJ
ajfa-3012	208	2	with	with	ADP
ajfa-3012	208	3	prior	prior	ADJ
ajfa-3012	208	4	evidence	evidence	NOUN
ajfa-3012	208	5	,	,	PUNCT
ajfa-3012	208	6	the	the	DET
ajfa-3012	208	7	ratio	ratio	NOUN
ajfa-3012	208	8	of	of	ADP
ajfa-3012	208	9	total	total	ADJ
ajfa-3012	208	10	loans	loan	NOUN
ajfa-3012	208	11	to	to	ADP
ajfa-3012	208	12	deposits	deposit	NOUN
ajfa-3012	208	13	and	and	CCONJ
ajfa-3012	208	14	short	short	ADJ
ajfa-3012	208	15	-	-	PUNCT
ajfa-3012	208	16	term	term	NOUN
ajfa-3012	208	17	funds	fund	NOUN
ajfa-3012	208	18	(	(	PUNCT
ajfa-3012	208	19	risk	risk	NOUN
ajfa-3012	208	20	variable	variable	NOUN
ajfa-3012	208	21	in	in	ADP
ajfa-3012	208	22	equation	equation	NOUN
ajfa-3012	208	23	3	3	NUM
ajfa-3012	208	24	)	)	PUNCT
ajfa-3012	208	25	is	be	AUX
ajfa-3012	208	26	negatively	negatively	ADV
ajfa-3012	208	27	associated	associate	VERB
ajfa-3012	208	28	with	with	ADP
ajfa-3012	208	29	bank	bank	NOUN
ajfa-3012	208	30	profitability	profitability	NOUN
ajfa-3012	208	31	(	(	PUNCT
ajfa-3012	208	32	weakly	weakly	ADV
ajfa-3012	208	33	significant	significant	ADJ
ajfa-3012	208	34	at	at	ADP
ajfa-3012	208	35	10	10	NUM
ajfa-3012	208	36	percent	percent	NOUN
ajfa-3012	208	37	level	level	NOUN
ajfa-3012	208	38	in	in	ADP
ajfa-3012	208	39	model	model	NOUN
ajfa-3012	208	40	1	1	NUM
ajfa-3012	208	41	)	)	PUNCT
ajfa-3012	208	42	.	.	PUNCT
ajfa-3012	209	1	this	this	PRON
ajfa-3012	209	2	indicates	indicate	VERB
ajfa-3012	209	3	that	that	SCONJ
ajfa-3012	209	4	higher	high	ADJ
ajfa-3012	209	5	levels	level	NOUN
ajfa-3012	209	6	of	of	ADP
ajfa-3012	209	7	loans	loan	NOUN
ajfa-3012	209	8	to	to	ADP
ajfa-3012	209	9	deposits	deposit	NOUN
ajfa-3012	209	10	and	and	CCONJ
ajfa-3012	209	11	short	short	ADJ
ajfa-3012	209	12	-	-	PUNCT
ajfa-3012	209	13	term	term	NOUN
ajfa-3012	209	14	funds	fund	NOUN
ajfa-3012	209	15	exert	exert	VERB
ajfa-3012	209	16	downward	downward	ADJ
ajfa-3012	209	17	pressure	pressure	NOUN
ajfa-3012	209	18	on	on	ADP
ajfa-3012	209	19	bank	bank	NOUN
ajfa-3012	209	20	profitability	profitability	NOUN
ajfa-3012	209	21	due	due	ADP
ajfa-3012	209	22	to	to	ADP
ajfa-3012	209	23	higher	high	ADJ
ajfa-3012	209	24	levels	level	NOUN
ajfa-3012	209	25	of	of	ADP
ajfa-3012	209	26	non	non	ADJ
ajfa-3012	209	27	-	-	ADJ
ajfa-3012	209	28	performing	perform	VERB
ajfa-3012	209	29	assets	asset	NOUN
ajfa-3012	209	30	and	and	CCONJ
ajfa-3012	209	31	increased	increase	VERB
ajfa-3012	209	32	liquidity	liquidity	NOUN
ajfa-3012	209	33	costs	cost	NOUN
ajfa-3012	209	34	.	.	PUNCT
ajfa-3012	210	1	likewise	likewise	ADV
ajfa-3012	210	2	,	,	PUNCT
ajfa-3012	210	3	the	the	DET
ajfa-3012	210	4	efficiency	efficiency	NOUN
ajfa-3012	210	5	of	of	ADP
ajfa-3012	210	6	bank	bank	NOUN
ajfa-3012	210	7	production	production	NOUN
ajfa-3012	210	8	(	(	PUNCT
ajfa-3012	210	9	eff	eff	PROPN
ajfa-3012	210	10	variable	variable	NOUN
ajfa-3012	210	11	in	in	ADP
ajfa-3012	210	12	equation	equation	NOUN
ajfa-3012	210	13	3	3	NUM
ajfa-3012	210	14	)	)	PUNCT
ajfa-3012	210	15	is	be	AUX
ajfa-3012	210	16	found	find	VERB
ajfa-3012	210	17	to	to	PART
ajfa-3012	210	18	be	be	AUX
ajfa-3012	210	19	significantly	significantly	ADV
ajfa-3012	210	20	positively	positively	ADV
ajfa-3012	210	21	related	relate	VERB
ajfa-3012	210	22	to	to	ADP
ajfa-3012	210	23	bank	bank	NOUN
ajfa-3012	210	24	profitability	profitability	NOUN
ajfa-3012	210	25	.	.	PUNCT
ajfa-3012	211	1	this	this	PRON
ajfa-3012	211	2	is	be	AUX
ajfa-3012	211	3	in	in	ADP
ajfa-3012	211	4	line	line	NOUN
ajfa-3012	211	5	with	with	ADP
ajfa-3012	211	6	conventional	conventional	ADJ
ajfa-3012	211	7	wisdom	wisdom	NOUN
ajfa-3012	211	8	that	that	PRON
ajfa-3012	211	9	improved	improve	VERB
ajfa-3012	211	10	efficiency	efficiency	NOUN
ajfa-3012	211	11	and	and	CCONJ
ajfa-3012	211	12	productivity	productivity	NOUN
ajfa-3012	211	13	growth	growth	NOUN
ajfa-3012	211	14	positively	positively	ADV
ajfa-3012	211	15	affect	affect	VERB
ajfa-3012	211	16	bank	bank	NOUN
ajfa-3012	211	17	profits	profit	NOUN
ajfa-3012	211	18	.	.	PUNCT
ajfa-3012	212	1	with	with	ADP
ajfa-3012	212	2	regard	regard	NOUN
ajfa-3012	212	3	to	to	ADP
ajfa-3012	212	4	scale	scale	NOUN
ajfa-3012	212	5	effects	effect	NOUN
ajfa-3012	212	6	(	(	PUNCT
ajfa-3012	212	7	tassets	tasset	NOUN
ajfa-3012	212	8	in	in	ADP
ajfa-3012	212	9	equation	equation	NOUN
ajfa-3012	212	10	3	3	NUM
ajfa-3012	212	11	)	)	PUNCT
ajfa-3012	212	12	,	,	PUNCT
ajfa-3012	212	13	bank	bank	NOUN
ajfa-3012	212	14	size	size	NOUN
ajfa-3012	212	15	is	be	AUX
ajfa-3012	212	16	found	find	VERB
ajfa-3012	212	17	to	to	PART
ajfa-3012	212	18	be	be	AUX
ajfa-3012	212	19	positively	positively	ADV
ajfa-3012	212	20	related	relate	VERB
ajfa-3012	212	21	to	to	ADP
ajfa-3012	212	22	profitability	profitability	NOUN
ajfa-3012	212	23	.	.	PUNCT
ajfa-3012	213	1	this	this	DET
ajfa-3012	213	2	positive	positive	ADJ
ajfa-3012	213	3	association	association	NOUN
ajfa-3012	213	4	indicates	indicate	VERB
ajfa-3012	213	5	that	that	SCONJ
ajfa-3012	213	6	as	as	SCONJ
ajfa-3012	213	7	south	south	ADJ
ajfa-3012	213	8	asian	asian	ADJ
ajfa-3012	213	9	banks	bank	NOUN
ajfa-3012	213	10	increase	increase	VERB
ajfa-3012	213	11	their	their	PRON
ajfa-3012	213	12	size	size	NOUN
ajfa-3012	213	13	,	,	PUNCT
ajfa-3012	213	14	their	their	PRON
ajfa-3012	213	15	profitability	profitability	NOUN
ajfa-3012	213	16	also	also	ADV
ajfa-3012	213	17	increases	increase	VERB
ajfa-3012	213	18	perhaps	perhaps	ADV
ajfa-3012	213	19	due	due	ADJ
ajfa-3012	213	20	to	to	ADP
ajfa-3012	213	21	increased	increase	VERB
ajfa-3012	213	22	economies	economy	NOUN
ajfa-3012	213	23	of	of	ADP
ajfa-3012	213	24	scale	scale	NOUN
ajfa-3012	213	25	.	.	PUNCT
ajfa-3012	214	1	moreover	moreover	ADV
ajfa-3012	214	2	,	,	PUNCT
ajfa-3012	214	3	larger	large	ADJ
ajfa-3012	214	4	banks	bank	NOUN
ajfa-3012	214	5	can	can	AUX
ajfa-3012	214	6	achieve	achieve	VERB
ajfa-3012	214	7	greater	great	ADJ
ajfa-3012	214	8	product	product	NOUN
ajfa-3012	214	9	and	and	CCONJ
ajfa-3012	214	10	loan	loan	NOUN
ajfa-3012	214	11	diversification	diversification	NOUN
ajfa-3012	214	12	and	and	CCONJ
ajfa-3012	214	13	so	so	ADV
ajfa-3012	214	14	lower	lower	VERB
ajfa-3012	214	15	their	their	PRON
ajfa-3012	214	16	risk	risk	NOUN
ajfa-3012	214	17	profiles	profile	NOUN
ajfa-3012	214	18	.	.	PUNCT
ajfa-3012	215	1	hence	hence	ADV
ajfa-3012	215	2	,	,	PUNCT
ajfa-3012	215	3	required	required	ADJ
ajfa-3012	215	4	rate	rate	NOUN
ajfa-3012	215	5	of	of	ADP
ajfa-3012	215	6	return	return	NOUN
ajfa-3012	215	7	becomes	become	VERB
ajfa-3012	215	8	lower	low	ADJ
ajfa-3012	215	9	which	which	PRON
ajfa-3012	215	10	reduces	reduce	VERB
ajfa-3012	215	11	their	their	PRON
ajfa-3012	215	12	costs	cost	NOUN
ajfa-3012	215	13	,	,	PUNCT
ajfa-3012	215	14	generating	generate	VERB
ajfa-3012	215	15	higher	high	ADJ
ajfa-3012	215	16	profits	profit	NOUN
ajfa-3012	215	17	.	.	PUNCT
ajfa-3012	216	1	similarly	similarly	ADV
ajfa-3012	216	2	,	,	PUNCT
ajfa-3012	216	3	large	large	ADJ
ajfa-3012	216	4	banks	bank	NOUN
ajfa-3012	216	5	may	may	AUX
ajfa-3012	216	6	also	also	ADV
ajfa-3012	216	7	be	be	AUX
ajfa-3012	216	8	able	able	ADJ
ajfa-3012	216	9	to	to	PART
ajfa-3012	216	10	exert	exert	VERB
ajfa-3012	216	11	greater	great	ADJ
ajfa-3012	216	12	market	market	NOUN
ajfa-3012	216	13	power	power	NOUN
ajfa-3012	216	14	through	through	ADP
ajfa-3012	216	15	stronger	strong	ADJ
ajfa-3012	216	16	brand	brand	NOUN
ajfa-3012	216	17	image	image	NOUN
ajfa-3012	216	18	or	or	CCONJ
ajfa-3012	216	19	implicit	implicit	ADJ
ajfa-3012	216	20	regulatory	regulatory	ADJ
ajfa-3012	216	21	(	(	PUNCT
ajfa-3012	216	22	too	too	ADV
ajfa-3012	216	23	-	-	PUNCT
ajfa-3012	216	24	big	big	ADJ
ajfa-3012	216	25	-	-	PUNCT
ajfa-3012	216	26	to	to	AUX
ajfa-3012	216	27	-	-	PUNCT
ajfa-3012	216	28	fail	fail	VERB
ajfa-3012	216	29	)	)	PUNCT
ajfa-3012	216	30	protection	protection	NOUN
ajfa-3012	216	31	.	.	PUNCT
ajfa-3012	217	1	abnormal	abnormal	ADJ
ajfa-3012	217	2	profits	profit	NOUN
ajfa-3012	217	3	obtained	obtain	VERB
ajfa-3012	217	4	through	through	ADP
ajfa-3012	217	5	its	its	PRON
ajfa-3012	217	6	exercise	exercise	NOUN
ajfa-3012	217	7	in	in	ADP
ajfa-3012	217	8	wholesale	wholesale	ADJ
ajfa-3012	217	9	or	or	CCONJ
ajfa-3012	217	10	capital	capital	NOUN
ajfa-3012	217	11	markets	market	NOUN
ajfa-3012	217	12	may	may	AUX
ajfa-3012	217	13	also	also	ADV
ajfa-3012	217	14	contribute	contribute	VERB
ajfa-3012	217	15	to	to	ADP
ajfa-3012	217	16	a	a	DET
ajfa-3012	217	17	positive	positive	ADJ
ajfa-3012	217	18	size	size	NOUN
ajfa-3012	217	19	–	–	PUNCT
ajfa-3012	217	20	profitability	profitability	NOUN
ajfa-3012	217	21	relationship	relationship	NOUN
ajfa-3012	217	22	.	.	PUNCT
ajfa-3012	218	1	asian	asian	ADJ
ajfa-3012	218	2	journal	journal	PROPN
ajfa-3012	218	3	of	of	ADP
ajfa-3012	218	4	finance	finance	PROPN
ajfa-3012	218	5	&	&	CCONJ
ajfa-3012	218	6	accounting	accounting	PROPN
ajfa-3012	218	7	issn	issn	PROPN
ajfa-3012	218	8	1946	1946	NUM
ajfa-3012	218	9	-	-	PUNCT
ajfa-3012	218	10	052x	052x	NOUN
ajfa-3012	218	11	2013	2013	NUM
ajfa-3012	218	12	,	,	PUNCT
ajfa-3012	218	13	vol	vol	NOUN
ajfa-3012	218	14	.	.	PROPN
ajfa-3012	218	15	5	5	NUM
ajfa-3012	218	16	,	,	PUNCT
ajfa-3012	218	17	no	no	INTJ
ajfa-3012	218	18	.	.	NOUN
ajfa-3012	218	19	1	1	NUM
ajfa-3012	218	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	218	21	377	377	NUM
ajfa-3012	218	22	the	the	DET
ajfa-3012	218	23	level	level	NOUN
ajfa-3012	218	24	of	of	ADP
ajfa-3012	218	25	competition	competition	NOUN
ajfa-3012	218	26	(	(	PUNCT
ajfa-3012	218	27	comp	comp	NOUN
ajfa-3012	218	28	in	in	ADP
ajfa-3012	218	29	equation	equation	NOUN
ajfa-3012	218	30	3	3	NUM
ajfa-3012	218	31	)	)	PUNCT
ajfa-3012	218	32	is	be	AUX
ajfa-3012	218	33	proxied	proxie	VERB
ajfa-3012	218	34	by	by	ADP
ajfa-3012	218	35	the	the	DET
ajfa-3012	218	36	h	h	NOUN
ajfa-3012	218	37	statistic	statistic	NOUN
ajfa-3012	218	38	(	(	PUNCT
ajfa-3012	218	39	in	in	ADP
ajfa-3012	218	40	model	model	NOUN
ajfa-3012	218	41	1	1	NUM
ajfa-3012	218	42	)	)	PUNCT
ajfa-3012	218	43	and	and	CCONJ
ajfa-3012	218	44	the	the	DET
ajfa-3012	218	45	hhi	hhi	NOUN
ajfa-3012	218	46	(	(	PUNCT
ajfa-3012	218	47	in	in	ADP
ajfa-3012	218	48	model	model	NOUN
ajfa-3012	218	49	2	2	NUM
ajfa-3012	218	50	)	)	PUNCT
ajfa-3012	218	51	.	.	PUNCT
ajfa-3012	219	1	a	a	DET
ajfa-3012	219	2	basic	basic	ADJ
ajfa-3012	219	3	assumption	assumption	NOUN
ajfa-3012	219	4	of	of	ADP
ajfa-3012	219	5	the	the	DET
ajfa-3012	219	6	pr	pr	NOUN
ajfa-3012	219	7	model	model	NOUN
ajfa-3012	219	8	used	use	VERB
ajfa-3012	219	9	to	to	PART
ajfa-3012	219	10	compute	compute	VERB
ajfa-3012	219	11	the	the	DET
ajfa-3012	219	12	h	h	NOUN
ajfa-3012	219	13	statistics	statistic	NOUN
ajfa-3012	219	14	is	be	AUX
ajfa-3012	219	15	that	that	PRON
ajfa-3012	219	16	firm	firm	ADJ
ajfa-3012	219	17	level	level	NOUN
ajfa-3012	219	18	revenue	revenue	NOUN
ajfa-3012	219	19	behaviour	behaviour	NOUN
ajfa-3012	219	20	is	be	AUX
ajfa-3012	219	21	consistent	consistent	ADJ
ajfa-3012	219	22	with	with	ADP
ajfa-3012	219	23	market	market	NOUN
ajfa-3012	219	24	equilibrium	equilibrium	NOUN
ajfa-3012	219	25	conditions	condition	NOUN
ajfa-3012	219	26	.	.	PUNCT
ajfa-3012	220	1	to	to	ADP
ajfa-3012	220	2	that	that	DET
ajfa-3012	220	3	end	end	NOUN
ajfa-3012	220	4	,	,	PUNCT
ajfa-3012	220	5	following	follow	VERB
ajfa-3012	220	6	bikker	bikker	NOUN
ajfa-3012	220	7	and	and	CCONJ
ajfa-3012	220	8	haaf	haaf	PROPN
ajfa-3012	220	9	(	(	PUNCT
ajfa-3012	220	10	2002	2002	NUM
ajfa-3012	220	11	)	)	PUNCT
ajfa-3012	220	12	,	,	PUNCT
ajfa-3012	220	13	an	an	DET
ajfa-3012	220	14	equilibrium	equilibrium	NOUN
ajfa-3012	220	15	test	test	NOUN
ajfa-3012	220	16	was	be	AUX
ajfa-3012	220	17	conducted	conduct	VERB
ajfa-3012	220	18	before	before	ADP
ajfa-3012	220	19	estimating	estimate	VERB
ajfa-3012	220	20	equation	equation	NOUN
ajfa-3012	220	21	3	3	NUM
ajfa-3012	220	22	to	to	PART
ajfa-3012	220	23	determine	determine	VERB
ajfa-3012	220	24	,	,	PUNCT
ajfa-3012	220	25	for	for	ADP
ajfa-3012	220	26	each	each	DET
ajfa-3012	220	27	country	country	NOUN
ajfa-3012	220	28	,	,	PUNCT
ajfa-3012	220	29	whether	whether	SCONJ
ajfa-3012	220	30	or	or	CCONJ
ajfa-3012	220	31	not	not	PART
ajfa-3012	220	32	the	the	DET
ajfa-3012	220	33	equilibrium	equilibrium	NOUN
ajfa-3012	220	34	assumption	assumption	NOUN
ajfa-3012	220	35	of	of	ADP
ajfa-3012	220	36	the	the	DET
ajfa-3012	220	37	pr	pr	NOUN
ajfa-3012	220	38	model	model	NOUN
ajfa-3012	220	39	is	be	AUX
ajfa-3012	220	40	violated	violate	VERB
ajfa-3012	220	41	.	.	PUNCT
ajfa-3012	221	1	the	the	DET
ajfa-3012	221	2	test	test	NOUN
ajfa-3012	221	3	statistics	statistic	NOUN
ajfa-3012	221	4	,	,	PUNCT
ajfa-3012	221	5	reported	report	VERB
ajfa-3012	221	6	in	in	ADP
ajfa-3012	221	7	panel	panel	NOUN
ajfa-3012	221	8	b	b	PROPN
ajfa-3012	221	9	of	of	ADP
ajfa-3012	221	10	table	table	NOUN
ajfa-3012	221	11	5	5	NUM
ajfa-3012	221	12	,	,	PUNCT
ajfa-3012	221	13	are	be	AUX
ajfa-3012	221	14	not	not	PART
ajfa-3012	221	15	statistically	statistically	ADV
ajfa-3012	221	16	significant	significant	ADJ
ajfa-3012	221	17	at	at	ADP
ajfa-3012	221	18	90	90	NUM
ajfa-3012	221	19	percent	percent	NOUN
ajfa-3012	221	20	level	level	NOUN
ajfa-3012	221	21	.	.	PUNCT
ajfa-3012	222	1	this	this	PRON
ajfa-3012	222	2	indicates	indicate	VERB
ajfa-3012	222	3	that	that	SCONJ
ajfa-3012	222	4	input	input	NOUN
ajfa-3012	222	5	prices	price	NOUN
ajfa-3012	222	6	in	in	ADP
ajfa-3012	222	7	each	each	DET
ajfa-3012	222	8	banking	banking	NOUN
ajfa-3012	222	9	market	market	NOUN
ajfa-3012	222	10	are	be	AUX
ajfa-3012	222	11	not	not	PART
ajfa-3012	222	12	correlated	correlate	VERB
ajfa-3012	222	13	with	with	ADP
ajfa-3012	222	14	industry	industry	NOUN
ajfa-3012	222	15	returns	return	NOUN
ajfa-3012	222	16	:	:	PUNCT
ajfa-3012	222	17	meaning	mean	VERB
ajfa-3012	222	18	,	,	PUNCT
ajfa-3012	222	19	the	the	DET
ajfa-3012	222	20	equilibrium	equilibrium	NOUN
ajfa-3012	222	21	assumption	assumption	NOUN
ajfa-3012	222	22	of	of	ADP
ajfa-3012	222	23	the	the	DET
ajfa-3012	222	24	pr	pr	NOUN
ajfa-3012	222	25	model	model	NOUN
ajfa-3012	222	26	holds	hold	VERB
ajfa-3012	222	27	and	and	CCONJ
ajfa-3012	222	28	the	the	DET
ajfa-3012	222	29	computed	compute	VERB
ajfa-3012	222	30	h	h	NOUN
ajfa-3012	222	31	statistics	statistic	NOUN
ajfa-3012	222	32	can	can	AUX
ajfa-3012	222	33	be	be	AUX
ajfa-3012	222	34	interpreted	interpret	VERB
ajfa-3012	222	35	rationally	rationally	ADV
ajfa-3012	222	36	.	.	PUNCT
ajfa-3012	223	1	as	as	SCONJ
ajfa-3012	223	2	anticipated	anticipate	VERB
ajfa-3012	223	3	,	,	PUNCT
ajfa-3012	223	4	increasing	increase	VERB
ajfa-3012	223	5	competition	competition	NOUN
ajfa-3012	223	6	among	among	ADP
ajfa-3012	223	7	south	south	ADJ
ajfa-3012	223	8	asian	asian	ADJ
ajfa-3012	223	9	banks	bank	NOUN
ajfa-3012	223	10	(	(	PUNCT
ajfa-3012	223	11	captured	capture	VERB
ajfa-3012	223	12	by	by	ADP
ajfa-3012	223	13	higher	high	ADJ
ajfa-3012	223	14	values	value	NOUN
ajfa-3012	223	15	for	for	ADP
ajfa-3012	223	16	the	the	DET
ajfa-3012	223	17	h	h	NOUN
ajfa-3012	223	18	statistic	statistic	NOUN
ajfa-3012	223	19	,	,	PUNCT
ajfa-3012	223	20	in	in	ADP
ajfa-3012	223	21	model	model	NOUN
ajfa-3012	223	22	1	1	NUM
ajfa-3012	223	23	)	)	PUNCT
ajfa-3012	223	24	exerts	exert	VERB
ajfa-3012	223	25	negative	negative	ADJ
ajfa-3012	223	26	pressure	pressure	NOUN
ajfa-3012	223	27	on	on	ADP
ajfa-3012	223	28	bank	bank	NOUN
ajfa-3012	223	29	profitability	profitability	NOUN
ajfa-3012	223	30	(	(	PUNCT
ajfa-3012	223	31	table	table	NOUN
ajfa-3012	223	32	5	5	NUM
ajfa-3012	223	33	,	,	PUNCT
ajfa-3012	223	34	panel	panel	NOUN
ajfa-3012	223	35	a	a	PRON
ajfa-3012	223	36	)	)	PUNCT
ajfa-3012	223	37	.	.	PUNCT
ajfa-3012	224	1	this	this	PRON
ajfa-3012	224	2	is	be	AUX
ajfa-3012	224	3	so	so	ADV
ajfa-3012	224	4	because	because	SCONJ
ajfa-3012	224	5	increasingly	increasingly	ADV
ajfa-3012	224	6	banks	bank	NOUN
ajfa-3012	224	7	compete	compete	VERB
ajfa-3012	224	8	on	on	ADP
ajfa-3012	224	9	price	price	NOUN
ajfa-3012	224	10	and	and	CCONJ
ajfa-3012	224	11	incur	incur	NOUN
ajfa-3012	224	12	expenses	expense	NOUN
ajfa-3012	224	13	to	to	ADP
ajfa-3012	224	14	counter	counter	NOUN
ajfa-3012	224	15	competitors	competitor	NOUN
ajfa-3012	224	16	’	’	PART
ajfa-3012	224	17	strategic	strategic	ADJ
ajfa-3012	224	18	moves	move	NOUN
ajfa-3012	224	19	.	.	PUNCT
ajfa-3012	225	1	interestingly	interestingly	ADV
ajfa-3012	225	2	,	,	PUNCT
ajfa-3012	225	3	in	in	ADP
ajfa-3012	225	4	model	model	NOUN
ajfa-3012	225	5	2	2	NUM
ajfa-3012	225	6	,	,	PUNCT
ajfa-3012	225	7	higher	high	ADJ
ajfa-3012	225	8	values	value	NOUN
ajfa-3012	225	9	of	of	ADP
ajfa-3012	225	10	the	the	DET
ajfa-3012	225	11	hhi	hhi	NOUN
ajfa-3012	225	12	are	be	AUX
ajfa-3012	225	13	associated	associate	VERB
ajfa-3012	225	14	with	with	ADP
ajfa-3012	225	15	higher	high	ADJ
ajfa-3012	225	16	profitability	profitability	NOUN
ajfa-3012	225	17	.	.	PUNCT
ajfa-3012	226	1	this	this	PRON
ajfa-3012	226	2	means	mean	VERB
ajfa-3012	226	3	that	that	SCONJ
ajfa-3012	226	4	those	those	DET
ajfa-3012	226	5	south	south	ADJ
ajfa-3012	226	6	asian	asian	ADJ
ajfa-3012	226	7	banks	bank	NOUN
ajfa-3012	226	8	operating	operate	VERB
ajfa-3012	226	9	in	in	ADP
ajfa-3012	226	10	relatively	relatively	ADV
ajfa-3012	226	11	concentrated	concentrated	ADJ
ajfa-3012	226	12	markets	market	NOUN
ajfa-3012	226	13	(	(	PUNCT
ajfa-3012	226	14	characterised	characterise	VERB
ajfa-3012	226	15	by	by	ADP
ajfa-3012	226	16	higher	high	ADJ
ajfa-3012	226	17	hhi	hhi	NOUN
ajfa-3012	226	18	values	value	NOUN
ajfa-3012	226	19	)	)	PUNCT
ajfa-3012	226	20	extract	extract	VERB
ajfa-3012	226	21	economic	economic	ADJ
ajfa-3012	226	22	rents	rent	NOUN
ajfa-3012	226	23	and	and	CCONJ
ajfa-3012	226	24	higher	high	ADJ
ajfa-3012	226	25	profits	profit	NOUN
ajfa-3012	226	26	.	.	PUNCT
ajfa-3012	227	1	overall	overall	ADV
ajfa-3012	227	2	,	,	PUNCT
ajfa-3012	227	3	the	the	DET
ajfa-3012	227	4	received	receive	VERB
ajfa-3012	227	5	wisdom	wisdom	NOUN
ajfa-3012	227	6	is	be	AUX
ajfa-3012	227	7	that	that	SCONJ
ajfa-3012	227	8	even	even	ADV
ajfa-3012	227	9	though	though	SCONJ
ajfa-3012	227	10	increasing	increase	VERB
ajfa-3012	227	11	competition	competition	NOUN
ajfa-3012	227	12	(	(	PUNCT
ajfa-3012	227	13	arguably	arguably	ADV
ajfa-3012	227	14	driven	drive	VERB
ajfa-3012	227	15	by	by	ADP
ajfa-3012	227	16	on	on	ADP
ajfa-3012	227	17	-	-	PUNCT
ajfa-3012	227	18	going	go	VERB
ajfa-3012	227	19	deregulation	deregulation	NOUN
ajfa-3012	227	20	and	and	CCONJ
ajfa-3012	227	21	liberalisation	liberalisation	NOUN
ajfa-3012	227	22	of	of	ADP
ajfa-3012	227	23	the	the	DET
ajfa-3012	227	24	financial	financial	ADJ
ajfa-3012	227	25	services	service	NOUN
ajfa-3012	227	26	industries	industry	NOUN
ajfa-3012	227	27	)	)	PUNCT
ajfa-3012	227	28	exerts	exert	VERB
ajfa-3012	227	29	negative	negative	ADJ
ajfa-3012	227	30	pressure	pressure	NOUN
ajfa-3012	227	31	on	on	ADP
ajfa-3012	227	32	bank	bank	NOUN
ajfa-3012	227	33	profitability	profitability	NOUN
ajfa-3012	227	34	in	in	ADP
ajfa-3012	227	35	these	these	DET
ajfa-3012	227	36	south	south	ADJ
ajfa-3012	227	37	asian	asian	ADJ
ajfa-3012	227	38	countries	country	NOUN
ajfa-3012	227	39	,	,	PUNCT
ajfa-3012	227	40	high	high	ADJ
ajfa-3012	227	41	levels	level	NOUN
ajfa-3012	227	42	of	of	ADP
ajfa-3012	227	43	industry	industry	NOUN
ajfa-3012	227	44	concentration	concentration	NOUN
ajfa-3012	227	45	still	still	ADV
ajfa-3012	227	46	allows	allow	VERB
ajfa-3012	227	47	‘	'	PUNCT
ajfa-3012	227	48	large	large	ADJ
ajfa-3012	227	49	’	'	PUNCT
ajfa-3012	227	50	banks	bank	NOUN
ajfa-3012	227	51	to	to	PART
ajfa-3012	227	52	earn	earn	VERB
ajfa-3012	227	53	higher	high	ADJ
ajfa-3012	227	54	profits	profit	NOUN
ajfa-3012	227	55	.	.	PUNCT
ajfa-3012	228	1	this	this	DET
ajfa-3012	228	2	observation	observation	NOUN
ajfa-3012	228	3	is	be	AUX
ajfa-3012	228	4	consistent	consistent	ADJ
ajfa-3012	228	5	with	with	ADP
ajfa-3012	228	6	the	the	DET
ajfa-3012	228	7	proposition	proposition	NOUN
ajfa-3012	228	8	that	that	SCONJ
ajfa-3012	228	9	competition	competition	NOUN
ajfa-3012	228	10	can	can	AUX
ajfa-3012	228	11	prevail	prevail	VERB
ajfa-3012	228	12	even	even	ADV
ajfa-3012	228	13	in	in	ADP
ajfa-3012	228	14	highly	highly	ADV
ajfa-3012	228	15	concentrated	concentrated	ADJ
ajfa-3012	228	16	markets	market	NOUN
ajfa-3012	228	17	.	.	PUNCT
ajfa-3012	229	1	moreover	moreover	ADV
ajfa-3012	229	2	,	,	PUNCT
ajfa-3012	229	3	the	the	DET
ajfa-3012	229	4	higher	high	ADJ
ajfa-3012	229	5	profits	profit	NOUN
ajfa-3012	229	6	earned	earn	VERB
ajfa-3012	229	7	by	by	ADP
ajfa-3012	229	8	these	these	DET
ajfa-3012	229	9	banks	bank	NOUN
ajfa-3012	229	10	(	(	PUNCT
ajfa-3012	229	11	despite	despite	SCONJ
ajfa-3012	229	12	increasing	increase	VERB
ajfa-3012	229	13	competition	competition	NOUN
ajfa-3012	229	14	)	)	PUNCT
ajfa-3012	229	15	may	may	AUX
ajfa-3012	229	16	reflect	reflect	VERB
ajfa-3012	229	17	the	the	DET
ajfa-3012	229	18	practice	practice	NOUN
ajfa-3012	229	19	of	of	ADP
ajfa-3012	229	20	product	product	NOUN
ajfa-3012	229	21	differentiation	differentiation	NOUN
ajfa-3012	229	22	as	as	SCONJ
ajfa-3012	229	23	found	find	VERB
ajfa-3012	229	24	by	by	ADP
ajfa-3012	229	25	perera	perera	PROPN
ajfa-3012	229	26	,	,	PUNCT
ajfa-3012	229	27	skully	skully	ADV
ajfa-3012	229	28	and	and	CCONJ
ajfa-3012	229	29	wickremanayake	wickremanayake	NOUN
ajfa-3012	229	30	(	(	PUNCT
ajfa-3012	229	31	2007	2007	NUM
ajfa-3012	229	32	)	)	PUNCT
ajfa-3012	229	33	.	.	PUNCT
ajfa-3012	230	1	in	in	ADP
ajfa-3012	230	2	the	the	DET
ajfa-3012	230	3	south	south	ADJ
ajfa-3012	230	4	asian	asian	ADJ
ajfa-3012	230	5	banking	banking	NOUN
ajfa-3012	230	6	markets	market	NOUN
ajfa-3012	230	7	low	low	ADJ
ajfa-3012	230	8	quality	quality	NOUN
ajfa-3012	230	9	rule	rule	NOUN
ajfa-3012	230	10	of	of	ADP
ajfa-3012	230	11	law	law	NOUN
ajfa-3012	230	12	(	(	PUNCT
ajfa-3012	230	13	represented	represent	VERB
ajfa-3012	230	14	by	by	ADP
ajfa-3012	230	15	rol	rol	NOUN
ajfa-3012	230	16	in	in	ADP
ajfa-3012	230	17	equation	equation	NOUN
ajfa-3012	230	18	3	3	NUM
ajfa-3012	230	19	)	)	PUNCT
ajfa-3012	230	20	)	)	PUNCT
ajfa-3012	231	1	and	and	CCONJ
ajfa-3012	231	2	lack	lack	NOUN
ajfa-3012	231	3	of	of	ADP
ajfa-3012	231	4	effective	effective	ADJ
ajfa-3012	231	5	corruption	corruption	NOUN
ajfa-3012	231	6	control	control	NOUN
ajfa-3012	231	7	(	(	PUNCT
ajfa-3012	231	8	represented	represent	VERB
ajfa-3012	231	9	by	by	ADP
ajfa-3012	231	10	corr	corr	PROPN
ajfa-3012	231	11	in	in	ADP
ajfa-3012	231	12	equation	equation	NOUN
ajfa-3012	231	13	3	3	NUM
ajfa-3012	231	14	)	)	PUNCT
ajfa-3012	231	15	are	be	AUX
ajfa-3012	231	16	found	find	VERB
ajfa-3012	231	17	to	to	PART
ajfa-3012	231	18	be	be	AUX
ajfa-3012	231	19	significantly	significantly	ADV
ajfa-3012	231	20	influencing	influence	VERB
ajfa-3012	231	21	bank	bank	NOUN
ajfa-3012	231	22	profitability	profitability	NOUN
ajfa-3012	231	23	.	.	PUNCT
ajfa-3012	232	1	the	the	DET
ajfa-3012	232	2	results	result	NOUN
ajfa-3012	232	3	indicate	indicate	VERB
ajfa-3012	232	4	that	that	PRON
ajfa-3012	232	5	slack	slack	VERB
ajfa-3012	232	6	legal	legal	ADJ
ajfa-3012	232	7	systems	system	NOUN
ajfa-3012	232	8	in	in	ADP
ajfa-3012	232	9	the	the	DET
ajfa-3012	232	10	south	south	ADJ
ajfa-3012	232	11	asian	asian	ADJ
ajfa-3012	232	12	countries	country	NOUN
ajfa-3012	232	13	(	(	PUNCT
ajfa-3012	232	14	leading	lead	VERB
ajfa-3012	232	15	to	to	ADP
ajfa-3012	232	16	inferior	inferior	ADJ
ajfa-3012	232	17	contract	contract	NOUN
ajfa-3012	232	18	enforcement	enforcement	NOUN
ajfa-3012	232	19	)	)	PUNCT
ajfa-3012	232	20	positively	positively	ADV
ajfa-3012	232	21	affect	affect	VERB
ajfa-3012	232	22	bank	bank	NOUN
ajfa-3012	232	23	profits	profit	NOUN
ajfa-3012	232	24	as	as	SCONJ
ajfa-3012	232	25	banks	bank	NOUN
ajfa-3012	232	26	probably	probably	ADV
ajfa-3012	232	27	require	require	VERB
ajfa-3012	232	28	higher	high	ADJ
ajfa-3012	232	29	risk	risk	NOUN
ajfa-3012	232	30	premiums	premium	NOUN
ajfa-3012	232	31	on	on	ADP
ajfa-3012	232	32	their	their	PRON
ajfa-3012	232	33	loan	loan	NOUN
ajfa-3012	232	34	contracts	contract	NOUN
ajfa-3012	232	35	.	.	PUNCT
ajfa-3012	233	1	moreover	moreover	ADV
ajfa-3012	233	2	,	,	PUNCT
ajfa-3012	233	3	arguably	arguably	ADV
ajfa-3012	233	4	,	,	PUNCT
ajfa-3012	233	5	banks	bank	NOUN
ajfa-3012	233	6	may	may	AUX
ajfa-3012	233	7	exploit	exploit	VERB
ajfa-3012	233	8	lack	lack	NOUN
ajfa-3012	233	9	of	of	ADP
ajfa-3012	233	10	effective	effective	ADJ
ajfa-3012	233	11	corruption	corruption	NOUN
ajfa-3012	233	12	controls	control	NOUN
ajfa-3012	233	13	to	to	PART
ajfa-3012	233	14	create	create	VERB
ajfa-3012	233	15	and	and	CCONJ
ajfa-3012	233	16	maintain	maintain	VERB
ajfa-3012	233	17	‘	'	PUNCT
ajfa-3012	233	18	profitable	profitable	ADJ
ajfa-3012	233	19	’	'	PUNCT
ajfa-3012	233	20	relationships	relationship	NOUN
ajfa-3012	233	21	which	which	PRON
ajfa-3012	233	22	otherwise	otherwise	ADV
ajfa-3012	233	23	would	would	AUX
ajfa-3012	233	24	not	not	PART
ajfa-3012	233	25	have	have	AUX
ajfa-3012	233	26	existed	exist	VERB
ajfa-3012	233	27	.	.	PUNCT
ajfa-3012	234	1	the	the	DET
ajfa-3012	234	2	result	result	NOUN
ajfa-3012	234	3	for	for	ADP
ajfa-3012	234	4	tax	tax	NOUN
ajfa-3012	234	5	variable	variable	NOUN
ajfa-3012	234	6	is	be	AUX
ajfa-3012	234	7	not	not	PART
ajfa-3012	234	8	consistent	consistent	ADJ
ajfa-3012	234	9	with	with	ADP
ajfa-3012	234	10	expectations	expectation	NOUN
ajfa-3012	234	11	as	as	SCONJ
ajfa-3012	234	12	the	the	DET
ajfa-3012	234	13	tax	tax	NOUN
ajfa-3012	234	14	rate	rate	NOUN
ajfa-3012	234	15	is	be	AUX
ajfa-3012	234	16	found	find	VERB
ajfa-3012	234	17	to	to	PART
ajfa-3012	234	18	have	have	VERB
ajfa-3012	234	19	significantly	significantly	ADV
ajfa-3012	234	20	negative	negative	ADJ
ajfa-3012	234	21	impact	impact	NOUN
ajfa-3012	234	22	on	on	ADP
ajfa-3012	234	23	bank	bank	NOUN
ajfa-3012	234	24	profitability	profitability	NOUN
ajfa-3012	234	25	.	.	PUNCT
ajfa-3012	235	1	this	this	PRON
ajfa-3012	235	2	indicates	indicate	VERB
ajfa-3012	235	3	that	that	SCONJ
ajfa-3012	235	4	south	south	ADJ
ajfa-3012	235	5	asian	asian	ADJ
ajfa-3012	235	6	banks	bank	NOUN
ajfa-3012	235	7	must	must	AUX
ajfa-3012	235	8	bear	bear	VERB
ajfa-3012	235	9	most	most	ADJ
ajfa-3012	235	10	of	of	ADP
ajfa-3012	235	11	their	their	PRON
ajfa-3012	235	12	tax	tax	NOUN
ajfa-3012	235	13	costs	cost	NOUN
ajfa-3012	235	14	and	and	CCONJ
ajfa-3012	235	15	are	be	AUX
ajfa-3012	235	16	unable	unable	ADJ
ajfa-3012	235	17	to	to	PART
ajfa-3012	235	18	pass	pass	VERB
ajfa-3012	235	19	these	these	PRON
ajfa-3012	235	20	onto	onto	ADP
ajfa-3012	235	21	their	their	PRON
ajfa-3012	235	22	customers	customer	NOUN
ajfa-3012	235	23	.	.	PUNCT
ajfa-3012	236	1	the	the	DET
ajfa-3012	236	2	vector	vector	NOUN
ajfa-3012	236	3	of	of	ADP
ajfa-3012	236	4	time	time	NOUN
ajfa-3012	236	5	dummies	dummy	NOUN
ajfa-3012	236	6	utilised	utilise	VERB
ajfa-3012	236	7	to	to	PART
ajfa-3012	236	8	account	account	VERB
ajfa-3012	236	9	for	for	ADP
ajfa-3012	236	10	time	time	NOUN
ajfa-3012	236	11	-	-	PUNCT
ajfa-3012	236	12	varying	vary	VERB
ajfa-3012	236	13	omitted	omit	VERB
ajfa-3012	236	14	influences	influence	NOUN
ajfa-3012	236	15	reveal	reveal	VERB
ajfa-3012	236	16	that	that	SCONJ
ajfa-3012	236	17	during	during	ADP
ajfa-3012	236	18	1997	1997	NUM
ajfa-3012	236	19	-	-	SYM
ajfa-3012	236	20	1999	1999	NUM
ajfa-3012	236	21	asian	asian	ADJ
ajfa-3012	236	22	financial	financial	ADJ
ajfa-3012	236	23	crisis	crisis	NOUN
ajfa-3012	236	24	period	period	NOUN
ajfa-3012	236	25	bank	bank	NOUN
ajfa-3012	236	26	profitability	profitability	NOUN
ajfa-3012	236	27	declined	decline	VERB
ajfa-3012	236	28	.	.	PUNCT
ajfa-3012	237	1	this	this	PRON
ajfa-3012	237	2	is	be	AUX
ajfa-3012	237	3	consistent	consistent	ADJ
ajfa-3012	237	4	with	with	ADP
ajfa-3012	237	5	the	the	DET
ajfa-3012	237	6	decline	decline	NOUN
ajfa-3012	237	7	in	in	ADP
ajfa-3012	237	8	earning	earn	VERB
ajfa-3012	237	9	asset	asset	NOUN
ajfa-3012	237	10	growth	growth	NOUN
ajfa-3012	237	11	and	and	CCONJ
ajfa-3012	237	12	incline	incline	VERB
ajfa-3012	237	13	in	in	ADP
ajfa-3012	237	14	substantial	substantial	ADJ
ajfa-3012	237	15	provision	provision	NOUN
ajfa-3012	237	16	for	for	ADP
ajfa-3012	237	17	non	non	ADJ
ajfa-3012	237	18	-	-	ADJ
ajfa-3012	237	19	performing	perform	VERB
ajfa-3012	237	20	assets	asset	NOUN
ajfa-3012	237	21	during	during	ADP
ajfa-3012	237	22	that	that	DET
ajfa-3012	237	23	period	period	NOUN
ajfa-3012	237	24	.	.	PUNCT
ajfa-3012	238	1	we	we	PRON
ajfa-3012	238	2	also	also	ADV
ajfa-3012	238	3	experimented	experiment	VERB
ajfa-3012	238	4	with	with	ADP
ajfa-3012	238	5	three	three	NUM
ajfa-3012	238	6	other	other	ADJ
ajfa-3012	238	7	macroeconomic	macroeconomic	ADJ
ajfa-3012	238	8	variables	variable	NOUN
ajfa-3012	238	9	:	:	PUNCT
ajfa-3012	238	10	long	long	ADJ
ajfa-3012	238	11	-	-	PUNCT
ajfa-3012	238	12	term	term	NOUN
ajfa-3012	238	13	interest	interest	NOUN
ajfa-3012	238	14	rate	rate	NOUN
ajfa-3012	238	15	,	,	PUNCT
ajfa-3012	238	16	inflation	inflation	NOUN
ajfa-3012	238	17	rate	rate	NOUN
ajfa-3012	238	18	and	and	CCONJ
ajfa-3012	238	19	real	real	ADJ
ajfa-3012	238	20	output	output	NOUN
ajfa-3012	238	21	growth	growth	NOUN
ajfa-3012	238	22	.	.	PUNCT
ajfa-3012	239	1	these	these	DET
ajfa-3012	239	2	three	three	NUM
ajfa-3012	239	3	variables	variable	NOUN
ajfa-3012	239	4	were	be	AUX
ajfa-3012	239	5	found	find	VERB
ajfa-3012	239	6	to	to	PART
ajfa-3012	239	7	be	be	AUX
ajfa-3012	239	8	highly	highly	ADV
ajfa-3012	239	9	correlated	correlate	VERB
ajfa-3012	239	10	with	with	ADP
ajfa-3012	239	11	each	each	DET
ajfa-3012	239	12	other	other	ADJ
ajfa-3012	239	13	and	and	CCONJ
ajfa-3012	239	14	the	the	DET
ajfa-3012	239	15	bank	bank	NOUN
ajfa-3012	239	16	size	size	NOUN
ajfa-3012	239	17	variable	variable	NOUN
ajfa-3012	239	18	included	include	VERB
ajfa-3012	239	19	in	in	ADP
ajfa-3012	239	20	equation	equation	NOUN
ajfa-3012	239	21	3	3	NUM
ajfa-3012	239	22	.	.	PUNCT
ajfa-3012	240	1	we	we	PRON
ajfa-3012	240	2	acknowledge	acknowledge	VERB
ajfa-3012	240	3	that	that	SCONJ
ajfa-3012	240	4	bank	bank	NOUN
ajfa-3012	240	5	size	size	NOUN
ajfa-3012	240	6	is	be	AUX
ajfa-3012	240	7	more	more	ADV
ajfa-3012	240	8	relevant	relevant	ADJ
ajfa-3012	240	9	in	in	ADP
ajfa-3012	240	10	controlling	control	VERB
ajfa-3012	240	11	for	for	ADP
ajfa-3012	240	12	uneven	uneven	ADJ
ajfa-3012	240	13	distribution	distribution	NOUN
ajfa-3012	240	14	in	in	ADP
ajfa-3012	240	15	firm	firm	ADJ
ajfa-3012	240	16	size	size	NOUN
ajfa-3012	240	17	in	in	ADP
ajfa-3012	240	18	the	the	DET
ajfa-3012	240	19	sample	sample	NOUN
ajfa-3012	240	20	and	and	CCONJ
ajfa-3012	240	21	asian	asian	ADJ
ajfa-3012	240	22	journal	journal	NOUN
ajfa-3012	240	23	of	of	ADP
ajfa-3012	240	24	finance	finance	PROPN
ajfa-3012	240	25	&	&	CCONJ
ajfa-3012	240	26	accounting	accounting	PROPN
ajfa-3012	240	27	issn	issn	PROPN
ajfa-3012	240	28	1946	1946	NUM
ajfa-3012	240	29	-	-	PUNCT
ajfa-3012	240	30	052x	052x	NOUN
ajfa-3012	240	31	2013	2013	NUM
ajfa-3012	240	32	,	,	PUNCT
ajfa-3012	240	33	vol	vol	NOUN
ajfa-3012	240	34	.	.	PROPN
ajfa-3012	240	35	5	5	NUM
ajfa-3012	240	36	,	,	PUNCT
ajfa-3012	240	37	no	no	INTJ
ajfa-3012	240	38	.	.	NOUN
ajfa-3012	240	39	1	1	NUM
ajfa-3012	240	40	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3012	240	41	378	378	NUM
ajfa-3012	240	42	hence	hence	ADV
ajfa-3012	240	43	included	include	VERB
ajfa-3012	240	44	.	.	PUNCT
ajfa-3012	241	1	it	it	PRON
ajfa-3012	241	2	is	be	AUX
ajfa-3012	241	3	argued	argue	VERB
ajfa-3012	241	4	that	that	SCONJ
ajfa-3012	241	5	the	the	DET
ajfa-3012	241	6	inclusion	inclusion	NOUN
ajfa-3012	241	7	of	of	ADP
ajfa-3012	241	8	the	the	DET
ajfa-3012	241	9	vector	vector	NOUN
ajfa-3012	241	10	of	of	ADP
ajfa-3012	241	11	time	time	NOUN
ajfa-3012	241	12	dummies	dummy	NOUN
ajfa-3012	241	13	can	can	AUX
ajfa-3012	241	14	capture	capture	VERB
ajfa-3012	241	15	,	,	PUNCT
ajfa-3012	241	16	partially	partially	ADV
ajfa-3012	241	17	at	at	ADP
ajfa-3012	241	18	least	least	ADJ
ajfa-3012	241	19	,	,	PUNCT
ajfa-3012	241	20	time	time	NOUN
ajfa-3012	241	21	-	-	PUNCT
ajfa-3012	241	22	varying	vary	VERB
ajfa-3012	241	23	effects	effect	NOUN
ajfa-3012	241	24	of	of	ADP
ajfa-3012	241	25	economic	economic	ADJ
ajfa-3012	241	26	life	life	NOUN
ajfa-3012	241	27	cycle	cycle	NOUN
ajfa-3012	241	28	.	.	PUNCT
ajfa-3012	242	1	5	5	X
ajfa-3012	242	2	.	.	X
ajfa-3012	242	3	conclusion	conclusion	NOUN
ajfa-3012	242	4	this	this	DET
ajfa-3012	242	5	paper	paper	NOUN
ajfa-3012	242	6	investigated	investigate	VERB
ajfa-3012	242	7	the	the	DET
ajfa-3012	242	8	bank	bank	NOUN
ajfa-3012	242	9	-	-	PUNCT
ajfa-3012	242	10	specific	specific	ADJ
ajfa-3012	242	11	and	and	CCONJ
ajfa-3012	242	12	external	external	ADJ
ajfa-3012	242	13	determinants	determinant	NOUN
ajfa-3012	242	14	of	of	ADP
ajfa-3012	242	15	south	south	ADJ
ajfa-3012	242	16	asian	asian	PROPN
ajfa-3012	242	17	bank	bank	NOUN
ajfa-3012	242	18	profitability	profitability	NOUN
ajfa-3012	242	19	.	.	PUNCT
ajfa-3012	243	1	the	the	DET
ajfa-3012	243	2	sample	sample	NOUN
ajfa-3012	243	3	consisted	consist	VERB
ajfa-3012	243	4	of	of	ADP
ajfa-3012	243	5	119	119	NUM
ajfa-3012	243	6	commercial	commercial	ADJ
ajfa-3012	243	7	banks	bank	NOUN
ajfa-3012	243	8	with	with	ADP
ajfa-3012	243	9	1,539	1,539	NUM
ajfa-3012	243	10	bank	bank	NOUN
ajfa-3012	243	11	-	-	PUNCT
ajfa-3012	243	12	year	year	NOUN
ajfa-3012	243	13	observations	observation	NOUN
ajfa-3012	243	14	.	.	PUNCT
ajfa-3012	244	1	a	a	DET
ajfa-3012	244	2	single	single	ADJ
ajfa-3012	244	3	-	-	PUNCT
ajfa-3012	244	4	equation	equation	NOUN
ajfa-3012	244	5	,	,	PUNCT
ajfa-3012	244	6	dynamic	dynamic	ADJ
ajfa-3012	244	7	panel	panel	NOUN
ajfa-3012	244	8	data	datum	NOUN
ajfa-3012	244	9	procedure	procedure	NOUN
ajfa-3012	244	10	was	be	AUX
ajfa-3012	244	11	employed	employ	VERB
ajfa-3012	244	12	to	to	PART
ajfa-3012	244	13	accommodate	accommodate	VERB
ajfa-3012	244	14	explicit	explicit	ADJ
ajfa-3012	244	15	measures	measure	NOUN
ajfa-3012	244	16	of	of	ADP
ajfa-3012	244	17	production	production	NOUN
ajfa-3012	244	18	efficiency	efficiency	NOUN
ajfa-3012	244	19	,	,	PUNCT
ajfa-3012	244	20	industry	industry	NOUN
ajfa-3012	244	21	competition	competition	NOUN
ajfa-3012	244	22	,	,	PUNCT
ajfa-3012	244	23	profit	profit	NOUN
ajfa-3012	244	24	persistence	persistence	NOUN
ajfa-3012	244	25	and	and	CCONJ
ajfa-3012	244	26	country	country	NOUN
ajfa-3012	244	27	-	-	PUNCT
ajfa-3012	244	28	specific	specific	ADJ
ajfa-3012	244	29	differences	difference	NOUN
ajfa-3012	244	30	in	in	ADP
ajfa-3012	244	31	governance	governance	NOUN
ajfa-3012	244	32	.	.	PUNCT
ajfa-3012	245	1	the	the	DET
ajfa-3012	245	2	findings	finding	NOUN
ajfa-3012	245	3	reveal	reveal	VERB
ajfa-3012	245	4	that	that	SCONJ
ajfa-3012	245	5	well	well	ADV
ajfa-3012	245	6	-	-	PUNCT
ajfa-3012	245	7	capitalised	capitalise	VERB
ajfa-3012	245	8	low	low	ADJ
ajfa-3012	245	9	risk	risk	NOUN
ajfa-3012	245	10	banks	bank	NOUN
ajfa-3012	245	11	and	and	CCONJ
ajfa-3012	245	12	those	those	PRON
ajfa-3012	245	13	with	with	ADP
ajfa-3012	245	14	relatively	relatively	ADV
ajfa-3012	245	15	more	more	ADV
ajfa-3012	245	16	efficient	efficient	ADJ
ajfa-3012	245	17	production	production	NOUN
ajfa-3012	245	18	processes	process	NOUN
ajfa-3012	245	19	are	be	AUX
ajfa-3012	245	20	more	more	ADV
ajfa-3012	245	21	profitable	profitable	ADJ
ajfa-3012	245	22	.	.	PUNCT
ajfa-3012	246	1	south	south	ADJ
ajfa-3012	246	2	asian	asian	ADJ
ajfa-3012	246	3	banks	bank	NOUN
ajfa-3012	246	4	also	also	ADV
ajfa-3012	246	5	seem	seem	VERB
ajfa-3012	246	6	to	to	PART
ajfa-3012	246	7	experience	experience	VERB
ajfa-3012	246	8	economies	economy	NOUN
ajfa-3012	246	9	of	of	ADP
ajfa-3012	246	10	scale	scale	NOUN
ajfa-3012	246	11	as	as	SCONJ
ajfa-3012	246	12	bank	bank	NOUN
ajfa-3012	246	13	size	size	NOUN
ajfa-3012	246	14	is	be	AUX
ajfa-3012	246	15	positively	positively	ADV
ajfa-3012	246	16	associated	associate	VERB
ajfa-3012	246	17	with	with	ADP
ajfa-3012	246	18	profitability	profitability	NOUN
ajfa-3012	246	19	.	.	PUNCT
ajfa-3012	247	1	with	with	ADP
ajfa-3012	247	2	regard	regard	NOUN
ajfa-3012	247	3	to	to	ADP
ajfa-3012	247	4	competition	competition	NOUN
ajfa-3012	247	5	,	,	PUNCT
ajfa-3012	247	6	even	even	ADV
ajfa-3012	247	7	though	though	SCONJ
ajfa-3012	247	8	increasing	increase	VERB
ajfa-3012	247	9	competition	competition	NOUN
ajfa-3012	247	10	(	(	PUNCT
ajfa-3012	247	11	arguably	arguably	ADV
ajfa-3012	247	12	driven	drive	VERB
ajfa-3012	247	13	by	by	ADP
ajfa-3012	247	14	on	on	ADP
ajfa-3012	247	15	-	-	PUNCT
ajfa-3012	247	16	going	go	VERB
ajfa-3012	247	17	deregulation	deregulation	NOUN
ajfa-3012	247	18	and	and	CCONJ
ajfa-3012	247	19	liberalisation	liberalisation	NOUN
ajfa-3012	247	20	of	of	ADP
ajfa-3012	247	21	the	the	DET
ajfa-3012	247	22	financial	financial	ADJ
ajfa-3012	247	23	services	service	NOUN
ajfa-3012	247	24	industries	industry	NOUN
ajfa-3012	247	25	)	)	PUNCT
ajfa-3012	247	26	exerts	exert	VERB
ajfa-3012	247	27	negative	negative	ADJ
ajfa-3012	247	28	pressure	pressure	NOUN
ajfa-3012	247	29	on	on	ADP
ajfa-3012	247	30	bank	bank	NOUN
ajfa-3012	247	31	profitability	profitability	NOUN
ajfa-3012	247	32	,	,	PUNCT
ajfa-3012	247	33	high	high	ADJ
ajfa-3012	247	34	levels	level	NOUN
ajfa-3012	247	35	of	of	ADP
ajfa-3012	247	36	industry	industry	NOUN
ajfa-3012	247	37	concentration	concentration	NOUN
ajfa-3012	247	38	still	still	ADV
ajfa-3012	247	39	allows	allow	VERB
ajfa-3012	247	40	banks	bank	NOUN
ajfa-3012	247	41	to	to	PART
ajfa-3012	247	42	earn	earn	VERB
ajfa-3012	247	43	higher	high	ADJ
ajfa-3012	247	44	profits	profit	NOUN
ajfa-3012	247	45	.	.	PUNCT
ajfa-3012	248	1	this	this	DET
ajfa-3012	248	2	observation	observation	NOUN
ajfa-3012	248	3	is	be	AUX
ajfa-3012	248	4	consistent	consistent	ADJ
ajfa-3012	248	5	with	with	ADP
ajfa-3012	248	6	the	the	DET
ajfa-3012	248	7	proposition	proposition	NOUN
ajfa-3012	248	8	that	that	SCONJ
ajfa-3012	248	9	competition	competition	NOUN
ajfa-3012	248	10	can	can	AUX
ajfa-3012	248	11	prevail	prevail	VERB
ajfa-3012	248	12	even	even	ADV
ajfa-3012	248	13	in	in	ADP
ajfa-3012	248	14	highly	highly	ADV
ajfa-3012	248	15	concentrated	concentrated	ADJ
ajfa-3012	248	16	markets	market	NOUN
ajfa-3012	248	17	.	.	PUNCT
ajfa-3012	249	1	moreover	moreover	ADV
ajfa-3012	249	2	,	,	PUNCT
ajfa-3012	249	3	the	the	DET
ajfa-3012	249	4	higher	high	ADJ
ajfa-3012	249	5	profits	profit	NOUN
ajfa-3012	249	6	earned	earn	VERB
ajfa-3012	249	7	by	by	ADP
ajfa-3012	249	8	these	these	DET
ajfa-3012	249	9	banks	bank	NOUN
ajfa-3012	249	10	(	(	PUNCT
ajfa-3012	249	11	despite	despite	SCONJ
ajfa-3012	249	12	increasing	increase	VERB
ajfa-3012	249	13	competition	competition	NOUN
ajfa-3012	249	14	)	)	PUNCT
ajfa-3012	249	15	may	may	AUX
ajfa-3012	249	16	also	also	ADV
ajfa-3012	249	17	be	be	AUX
ajfa-3012	249	18	due	due	ADJ
ajfa-3012	249	19	to	to	ADP
ajfa-3012	249	20	the	the	DET
ajfa-3012	249	21	practice	practice	NOUN
ajfa-3012	249	22	of	of	ADP
ajfa-3012	249	23	product	product	NOUN
ajfa-3012	249	24	differentiation	differentiation	NOUN
ajfa-3012	249	25	.	.	PUNCT
ajfa-3012	250	1	the	the	DET
ajfa-3012	250	2	results	result	NOUN
ajfa-3012	250	3	also	also	ADV
ajfa-3012	250	4	indicate	indicate	VERB
ajfa-3012	250	5	that	that	PRON
ajfa-3012	250	6	slack	slack	VERB
ajfa-3012	250	7	legal	legal	ADJ
ajfa-3012	250	8	systems	system	NOUN
ajfa-3012	250	9	in	in	ADP
ajfa-3012	250	10	the	the	DET
ajfa-3012	250	11	south	south	ADJ
ajfa-3012	250	12	asian	asian	ADJ
ajfa-3012	250	13	countries	country	NOUN
ajfa-3012	250	14	(	(	PUNCT
ajfa-3012	250	15	leading	lead	VERB
ajfa-3012	250	16	to	to	ADP
ajfa-3012	250	17	inferior	inferior	ADJ
ajfa-3012	250	18	contract	contract	NOUN
ajfa-3012	250	19	enforcement	enforcement	NOUN
ajfa-3012	250	20	)	)	PUNCT
ajfa-3012	250	21	positively	positively	ADV
ajfa-3012	250	22	affect	affect	VERB
ajfa-3012	250	23	bank	bank	NOUN
ajfa-3012	250	24	profits	profit	NOUN
ajfa-3012	250	25	as	as	SCONJ
ajfa-3012	250	26	banks	bank	NOUN
ajfa-3012	250	27	probably	probably	ADV
ajfa-3012	250	28	require	require	VERB
ajfa-3012	250	29	higher	high	ADJ
ajfa-3012	250	30	risk	risk	NOUN
ajfa-3012	250	31	premiums	premium	NOUN
ajfa-3012	250	32	on	on	ADP
ajfa-3012	250	33	their	their	PRON
ajfa-3012	250	34	loan	loan	NOUN
ajfa-3012	250	35	contracts	contract	NOUN
ajfa-3012	250	36	.	.	PUNCT
ajfa-3012	251	1	moreover	moreover	ADV
ajfa-3012	251	2	,	,	PUNCT
ajfa-3012	251	3	arguably	arguably	ADV
ajfa-3012	251	4	,	,	PUNCT
ajfa-3012	251	5	banks	bank	NOUN
ajfa-3012	251	6	may	may	AUX
ajfa-3012	251	7	be	be	AUX
ajfa-3012	251	8	able	able	ADJ
ajfa-3012	251	9	to	to	PART
ajfa-3012	251	10	exploit	exploit	VERB
ajfa-3012	251	11	lack	lack	NOUN
ajfa-3012	251	12	of	of	ADP
ajfa-3012	251	13	effective	effective	ADJ
ajfa-3012	251	14	corruption	corruption	NOUN
ajfa-3012	251	15	controls	control	NOUN
ajfa-3012	251	16	to	to	PART
ajfa-3012	251	17	create	create	VERB
ajfa-3012	251	18	and	and	CCONJ
ajfa-3012	251	19	maintain	maintain	VERB
ajfa-3012	251	20	‘	'	PUNCT
ajfa-3012	251	21	profitable	profitable	ADJ
ajfa-3012	251	22	’	'	PUNCT
ajfa-3012	251	23	relationships	relationship	NOUN
ajfa-3012	251	24	which	which	PRON
ajfa-3012	251	25	otherwise	otherwise	ADV
ajfa-3012	251	26	might	might	AUX
ajfa-3012	251	27	not	not	PART
ajfa-3012	251	28	have	have	AUX
ajfa-3012	251	29	existed	exist	VERB
ajfa-3012	251	30	.	.	PUNCT
ajfa-3012	252	1	the	the	DET
ajfa-3012	252	2	findings	finding	NOUN
ajfa-3012	252	3	have	have	VERB
ajfa-3012	252	4	important	important	ADJ
ajfa-3012	252	5	implications	implication	NOUN
ajfa-3012	252	6	to	to	ADP
ajfa-3012	252	7	regulators	regulator	NOUN
ajfa-3012	252	8	,	,	PUNCT
ajfa-3012	252	9	bankers	banker	NOUN
ajfa-3012	252	10	and	and	CCONJ
ajfa-3012	252	11	bank	bank	NOUN
ajfa-3012	252	12	shareholders	shareholder	NOUN
ajfa-3012	252	13	.	.	PUNCT
ajfa-3012	253	1	for	for	ADP
ajfa-3012	253	2	regulators	regulator	NOUN
ajfa-3012	253	3	,	,	PUNCT
ajfa-3012	253	4	their	their	PRON
ajfa-3012	253	5	policy	policy	NOUN
ajfa-3012	253	6	formulation	formulation	NOUN
ajfa-3012	253	7	and	and	CCONJ
ajfa-3012	253	8	implementation	implementation	NOUN
ajfa-3012	253	9	can	can	AUX
ajfa-3012	253	10	be	be	AUX
ajfa-3012	253	11	streamlined	streamline	VERB
ajfa-3012	253	12	by	by	ADP
ajfa-3012	253	13	directing	direct	VERB
ajfa-3012	253	14	scarce	scarce	ADJ
ajfa-3012	253	15	regulatory	regulatory	ADJ
ajfa-3012	253	16	resources	resource	NOUN
ajfa-3012	253	17	to	to	PART
ajfa-3012	253	18	focus	focus	VERB
ajfa-3012	253	19	on	on	ADP
ajfa-3012	253	20	external	external	ADJ
ajfa-3012	253	21	factors	factor	NOUN
ajfa-3012	253	22	that	that	PRON
ajfa-3012	253	23	restrict	restrict	VERB
ajfa-3012	253	24	profitable	profitable	ADJ
ajfa-3012	253	25	and	and	CCONJ
ajfa-3012	253	26	stable	stable	ADJ
ajfa-3012	253	27	banking	banking	NOUN
ajfa-3012	253	28	systems	system	NOUN
ajfa-3012	253	29	(	(	PUNCT
ajfa-3012	253	30	such	such	ADJ
ajfa-3012	253	31	as	as	ADP
ajfa-3012	253	32	mergers	merger	NOUN
ajfa-3012	253	33	and	and	CCONJ
ajfa-3012	253	34	acquisitions	acquisition	NOUN
ajfa-3012	253	35	that	that	PRON
ajfa-3012	253	36	increase	increase	VERB
ajfa-3012	253	37	industry	industry	NOUN
ajfa-3012	253	38	concentration	concentration	NOUN
ajfa-3012	253	39	)	)	PUNCT
ajfa-3012	253	40	.	.	PUNCT
ajfa-3012	254	1	at	at	ADP
ajfa-3012	254	2	the	the	DET
ajfa-3012	254	3	same	same	ADJ
ajfa-3012	254	4	time	time	NOUN
ajfa-3012	254	5	,	,	PUNCT
ajfa-3012	254	6	regulators	regulator	NOUN
ajfa-3012	254	7	and	and	CCONJ
ajfa-3012	254	8	authorities	authority	NOUN
ajfa-3012	254	9	should	should	AUX
ajfa-3012	254	10	scrutinize	scrutinize	VERB
ajfa-3012	254	11	banking	banking	NOUN
ajfa-3012	254	12	practices	practice	NOUN
ajfa-3012	254	13	in	in	ADP
ajfa-3012	254	14	these	these	DET
ajfa-3012	254	15	countries	country	NOUN
ajfa-3012	254	16	as	as	SCONJ
ajfa-3012	254	17	there	there	PRON
ajfa-3012	254	18	is	be	VERB
ajfa-3012	254	19	a	a	DET
ajfa-3012	254	20	positive	positive	ADJ
ajfa-3012	254	21	association	association	NOUN
ajfa-3012	254	22	between	between	ADP
ajfa-3012	254	23	low	low	ADJ
ajfa-3012	254	24	quality	quality	NOUN
ajfa-3012	254	25	rule	rule	NOUN
ajfa-3012	254	26	of	of	ADP
ajfa-3012	254	27	law	law	NOUN
ajfa-3012	254	28	/	/	SYM
ajfa-3012	254	29	corruption	corruption	NOUN
ajfa-3012	254	30	controls	control	NOUN
ajfa-3012	254	31	and	and	CCONJ
ajfa-3012	254	32	bank	bank	NOUN
ajfa-3012	254	33	profitability	profitability	NOUN
ajfa-3012	254	34	.	.	PUNCT
ajfa-3012	255	1	for	for	ADP
ajfa-3012	255	2	bankers	banker	NOUN
ajfa-3012	255	3	,	,	PUNCT
ajfa-3012	255	4	the	the	DET
ajfa-3012	255	5	findings	finding	NOUN
ajfa-3012	255	6	should	should	AUX
ajfa-3012	255	7	help	help	VERB
ajfa-3012	255	8	to	to	PART
ajfa-3012	255	9	identify	identify	VERB
ajfa-3012	255	10	the	the	DET
ajfa-3012	255	11	key	key	ADJ
ajfa-3012	255	12	drivers	driver	NOUN
ajfa-3012	255	13	(	(	PUNCT
ajfa-3012	255	14	both	both	CCONJ
ajfa-3012	255	15	internal	internal	ADJ
ajfa-3012	255	16	and	and	CCONJ
ajfa-3012	255	17	external	external	ADJ
ajfa-3012	255	18	)	)	PUNCT
ajfa-3012	255	19	to	to	PART
ajfa-3012	255	20	achieve	achieve	VERB
ajfa-3012	255	21	stable	stable	ADJ
ajfa-3012	255	22	profits	profit	NOUN
ajfa-3012	255	23	which	which	PRON
ajfa-3012	255	24	in	in	ADP
ajfa-3012	255	25	turn	turn	NOUN
ajfa-3012	255	26	lead	lead	VERB
ajfa-3012	255	27	to	to	ADP
ajfa-3012	255	28	sustainability	sustainability	NOUN
ajfa-3012	255	29	and	and	CCONJ
ajfa-3012	255	30	stability	stability	NOUN
ajfa-3012	255	31	at	at	ADP
ajfa-3012	255	32	the	the	DET
ajfa-3012	255	33	firm	firm	ADJ
ajfa-3012	255	34	level	level	NOUN
ajfa-3012	255	35	.	.	PUNCT
ajfa-3012	256	1	this	this	PRON
ajfa-3012	256	2	is	be	AUX
ajfa-3012	256	3	important	important	ADJ
ajfa-3012	256	4	due	due	ADP
ajfa-3012	256	5	to	to	ADP
ajfa-3012	256	6	the	the	DET
ajfa-3012	256	7	increased	increase	VERB
ajfa-3012	256	8	competition	competition	NOUN
ajfa-3012	256	9	through	through	ADP
ajfa-3012	256	10	globalization	globalization	NOUN
ajfa-3012	256	11	of	of	ADP
ajfa-3012	256	12	banking	banking	NOUN
ajfa-3012	256	13	and	and	CCONJ
ajfa-3012	256	14	foreign	foreign	ADJ
ajfa-3012	256	15	bank	bank	NOUN
ajfa-3012	256	16	entry	entry	NOUN
ajfa-3012	256	17	into	into	ADP
ajfa-3012	256	18	the	the	DET
ajfa-3012	256	19	south	south	ADJ
ajfa-3012	256	20	asian	asian	ADJ
ajfa-3012	256	21	financial	financial	ADJ
ajfa-3012	256	22	markets	market	NOUN
ajfa-3012	256	23	.	.	PUNCT
ajfa-3012	257	1	for	for	ADP
ajfa-3012	257	2	shareholders	shareholder	NOUN
ajfa-3012	257	3	,	,	PUNCT
ajfa-3012	257	4	it	it	PRON
ajfa-3012	257	5	helps	help	VERB
ajfa-3012	257	6	to	to	PART
ajfa-3012	257	7	assess	assess	VERB
ajfa-3012	257	8	how	how	SCONJ
ajfa-3012	257	9	varying	varying	ADJ
ajfa-3012	257	10	bank	bank	NOUN
ajfa-3012	257	11	characteristics	characteristic	NOUN
ajfa-3012	257	12	can	can	AUX
ajfa-3012	257	13	alter	alter	VERB
ajfa-3012	257	14	the	the	DET
ajfa-3012	257	15	quality	quality	NOUN
ajfa-3012	257	16	of	of	ADP
ajfa-3012	257	17	their	their	PRON
ajfa-3012	257	18	returns	return	NOUN
ajfa-3012	257	19	and	and	CCONJ
ajfa-3012	257	20	control	control	NOUN
ajfa-3012	257	21	for	for	ADP
ajfa-3012	257	22	those	those	DET
ajfa-3012	257	23	factors	factor	NOUN
ajfa-3012	257	24	that	that	PRON
ajfa-3012	257	25	can	can	AUX
ajfa-3012	257	26	adversely	adversely	ADV
ajfa-3012	257	27	affect	affect	VERB
ajfa-3012	257	28	the	the	DET
ajfa-3012	257	29	bank	bank	NOUN
ajfa-3012	257	30	profits	profit	NOUN
ajfa-3012	257	31	.	.	PUNCT
ajfa-3012	258	1	this	this	DET
ajfa-3012	258	2	study	study	NOUN
ajfa-3012	258	3	,	,	PUNCT
ajfa-3012	258	4	however	however	ADV
ajfa-3012	258	5	,	,	PUNCT
ajfa-3012	258	6	suffers	suffer	VERB
ajfa-3012	258	7	from	from	ADP
ajfa-3012	258	8	some	some	DET
ajfa-3012	258	9	limitations	limitation	NOUN
ajfa-3012	258	10	.	.	PUNCT
ajfa-3012	259	1	with	with	ADP
ajfa-3012	259	2	regard	regard	NOUN
ajfa-3012	259	3	to	to	ADP
ajfa-3012	259	4	sample	sample	NOUN
ajfa-3012	259	5	composition	composition	NOUN
ajfa-3012	259	6	,	,	PUNCT
ajfa-3012	259	7	as	as	SCONJ
ajfa-3012	259	8	almost	almost	ADV
ajfa-3012	259	9	all	all	PRON
ajfa-3012	259	10	foreign	foreign	ADJ
ajfa-3012	259	11	-	-	PUNCT
ajfa-3012	259	12	owned	own	VERB
ajfa-3012	259	13	banks	bank	NOUN
ajfa-3012	259	14	operating	operate	VERB
ajfa-3012	259	15	in	in	ADP
ajfa-3012	259	16	south	south	PROPN
ajfa-3012	259	17	asia	asia	PROPN
ajfa-3012	259	18	publish	publish	VERB
ajfa-3012	259	19	only	only	ADV
ajfa-3012	259	20	their	their	PRON
ajfa-3012	259	21	world	world	NOUN
ajfa-3012	259	22	-	-	PUNCT
ajfa-3012	259	23	wide	wide	ADJ
ajfa-3012	259	24	consolidated	consolidated	ADJ
ajfa-3012	259	25	reports	report	NOUN
ajfa-3012	259	26	,	,	PUNCT
ajfa-3012	259	27	it	it	PRON
ajfa-3012	259	28	is	be	AUX
ajfa-3012	259	29	not	not	PART
ajfa-3012	259	30	possible	possible	ADJ
ajfa-3012	259	31	to	to	PART
ajfa-3012	259	32	include	include	VERB
ajfa-3012	259	33	foreign	foreign	ADJ
ajfa-3012	259	34	-	-	PUNCT
ajfa-3012	259	35	owned	own	VERB
ajfa-3012	259	36	banks	bank	NOUN
ajfa-3012	259	37	even	even	ADV
ajfa-3012	259	38	as	as	ADP
ajfa-3012	259	39	a	a	DET
ajfa-3012	259	40	control	control	NOUN
ajfa-3012	259	41	sample	sample	NOUN
ajfa-3012	259	42	.	.	PUNCT
ajfa-3012	260	1	due	due	ADP
ajfa-3012	260	2	to	to	ADP
ajfa-3012	260	3	resource	resource	NOUN
ajfa-3012	260	4	constraints	constraint	NOUN
ajfa-3012	260	5	and	and	CCONJ
ajfa-3012	260	6	data	datum	NOUN
ajfa-3012	260	7	limitations	limitation	NOUN
ajfa-3012	260	8	,	,	PUNCT
ajfa-3012	260	9	we	we	PRON
ajfa-3012	260	10	could	could	AUX
ajfa-3012	260	11	also	also	ADV
ajfa-3012	260	12	not	not	PART
ajfa-3012	260	13	include	include	VERB
ajfa-3012	260	14	some	some	DET
ajfa-3012	260	15	other	other	ADJ
ajfa-3012	260	16	bank	bank	NOUN
ajfa-3012	260	17	-	-	PUNCT
ajfa-3012	260	18	specific	specific	ADJ
ajfa-3012	260	19	and	and	CCONJ
ajfa-3012	260	20	country	country	NOUN
ajfa-3012	260	21	-	-	PUNCT
ajfa-3012	260	22	specific	specific	ADJ
ajfa-3012	260	23	factors	factor	NOUN
ajfa-3012	260	24	that	that	PRON
ajfa-3012	260	25	might	might	AUX
ajfa-3012	260	26	also	also	ADV
ajfa-3012	260	27	impact	impact	VERB
ajfa-3012	260	28	on	on	ADP
ajfa-3012	260	29	bank	bank	NOUN
ajfa-3012	260	30	profitability	profitability	NOUN
ajfa-3012	260	31	(	(	PUNCT
ajfa-3012	260	32	e.g.	e.g.	ADV
ajfa-3012	260	33	off	off	ADP
ajfa-3012	260	34	balance	balance	NOUN
ajfa-3012	260	35	sheet	sheet	NOUN
ajfa-3012	260	36	activities	activity	NOUN
ajfa-3012	260	37	,	,	PUNCT
ajfa-3012	260	38	a	a	DET
ajfa-3012	260	39	composite	composite	ADJ
ajfa-3012	260	40	measure	measure	NOUN
ajfa-3012	260	41	of	of	ADP
ajfa-3012	260	42	deregulation	deregulation	NOUN
ajfa-3012	260	43	and	and	CCONJ
ajfa-3012	260	44	financial	financial	ADJ
ajfa-3012	260	45	liberalisation	liberalisation	NOUN
ajfa-3012	260	46	over	over	ADP
ajfa-3012	260	47	the	the	DET
ajfa-3012	260	48	years	year	NOUN
ajfa-3012	260	49	etc	etc	X
ajfa-3012	260	50	.	.	X
ajfa-3012	260	51	)	)	PUNCT
ajfa-3012	260	52	.	.	PUNCT
ajfa-3012	261	1	moreover	moreover	ADV
ajfa-3012	261	2	,	,	PUNCT
ajfa-3012	261	3	annual	annual	ADJ
ajfa-3012	261	4	bank	bank	NOUN
ajfa-3012	261	5	-	-	PUNCT
ajfa-3012	261	6	specific	specific	ADJ
ajfa-3012	261	7	data	datum	NOUN
ajfa-3012	261	8	is	be	AUX
ajfa-3012	261	9	used	use	VERB
ajfa-3012	261	10	as	as	ADP
ajfa-3012	261	11	higher	high	ADJ
ajfa-3012	261	12	asian	asian	ADJ
ajfa-3012	261	13	journal	journal	NOUN
ajfa-3012	261	14	of	of	ADP
ajfa-3012	261	15	finance	finance	PROPN
ajfa-3012	261	16	&	&	CCONJ
ajfa-3012	261	17	accounting	accounting	PROPN
ajfa-3012	261	18	issn	issn	PROPN
ajfa-3012	261	19	1946	1946	NUM
ajfa-3012	261	20	-	-	PUNCT
ajfa-3012	261	21	052x	052x	NOUN
ajfa-3012	261	22	2013	2013	NUM
ajfa-3012	261	23	,	,	PUNCT
ajfa-3012	261	24	vol	vol	NOUN
ajfa-3012	261	25	.	.	PROPN
ajfa-3012	261	26	5	5	NUM
ajfa-3012	261	27	,	,	PUNCT
ajfa-3012	261	28	no	no	INTJ
ajfa-3012	261	29	.	.	NOUN
ajfa-3012	261	30	1	1	NUM
ajfa-3012	261	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	261	32	379	379	NUM
ajfa-3012	261	33	frequency	frequency	NOUN
ajfa-3012	261	34	data	datum	NOUN
ajfa-3012	261	35	(	(	PUNCT
ajfa-3012	261	36	e.g.	e.g.	ADV
ajfa-3012	261	37	weekly	weekly	ADJ
ajfa-3012	261	38	or	or	CCONJ
ajfa-3012	261	39	monthly	monthly	ADJ
ajfa-3012	261	40	data	datum	NOUN
ajfa-3012	261	41	)	)	PUNCT
ajfa-3012	261	42	was	be	AUX
ajfa-3012	261	43	not	not	PART
ajfa-3012	261	44	available	available	ADJ
ajfa-3012	261	45	.	.	PUNCT
ajfa-3012	262	1	finally	finally	ADV
ajfa-3012	262	2	,	,	PUNCT
ajfa-3012	262	3	due	due	ADP
ajfa-3012	262	4	to	to	ADP
ajfa-3012	262	5	lack	lack	NOUN
ajfa-3012	262	6	of	of	ADP
ajfa-3012	262	7	detailed	detailed	ADJ
ajfa-3012	262	8	information	information	NOUN
ajfa-3012	262	9	on	on	ADP
ajfa-3012	262	10	different	different	ADJ
ajfa-3012	262	11	bank	bank	NOUN
ajfa-3012	262	12	products	product	NOUN
ajfa-3012	262	13	,	,	PUNCT
ajfa-3012	262	14	it	it	PRON
ajfa-3012	262	15	could	could	AUX
ajfa-3012	262	16	not	not	PART
ajfa-3012	262	17	be	be	AUX
ajfa-3012	262	18	identified	identify	VERB
ajfa-3012	262	19	whether	whether	SCONJ
ajfa-3012	262	20	the	the	DET
ajfa-3012	262	21	use	use	NOUN
ajfa-3012	262	22	of	of	ADP
ajfa-3012	262	23	different	different	ADJ
ajfa-3012	262	24	products	product	NOUN
ajfa-3012	262	25	(	(	PUNCT
ajfa-3012	262	26	or	or	CCONJ
ajfa-3012	262	27	product	product	NOUN
ajfa-3012	262	28	mixes	mix	NOUN
ajfa-3012	262	29	)	)	PUNCT
ajfa-3012	262	30	might	might	AUX
ajfa-3012	262	31	affect	affect	VERB
ajfa-3012	262	32	bank	bank	NOUN
ajfa-3012	262	33	profitability	profitability	NOUN
ajfa-3012	262	34	.	.	PUNCT
ajfa-3012	263	1	references	reference	NOUN
ajfa-3012	263	2	arellano	arellano	PROPN
ajfa-3012	263	3	,	,	PUNCT
ajfa-3012	263	4	m.	m.	NOUN
ajfa-3012	263	5	,	,	PUNCT
ajfa-3012	263	6	&	&	CCONJ
ajfa-3012	263	7	bover	bover	PROPN
ajfa-3012	263	8	,	,	PUNCT
ajfa-3012	263	9	o.	o.	PROPN
ajfa-3012	263	10	(	(	PUNCT
ajfa-3012	263	11	1995	1995	NUM
ajfa-3012	263	12	)	)	PUNCT
ajfa-3012	263	13	.	.	PUNCT
ajfa-3012	264	1	another	another	DET
ajfa-3012	264	2	look	look	NOUN
ajfa-3012	264	3	at	at	ADP
ajfa-3012	264	4	the	the	DET
ajfa-3012	264	5	instrumental	instrumental	ADJ
ajfa-3012	264	6	variables	variable	NOUN
ajfa-3012	264	7	:	:	PUNCT
ajfa-3012	264	8	estimation	estimation	NOUN
ajfa-3012	264	9	of	of	ADP
ajfa-3012	264	10	error	error	NOUN
ajfa-3012	264	11	-	-	PUNCT
ajfa-3012	264	12	component	component	NOUN
ajfa-3012	264	13	models	model	NOUN
ajfa-3012	264	14	.	.	PUNCT
ajfa-3012	265	1	journal	journal	NOUN
ajfa-3012	265	2	of	of	ADP
ajfa-3012	265	3	econometrics	econometric	NOUN
ajfa-3012	265	4	,	,	PUNCT
ajfa-3012	265	5	68	68	NUM
ajfa-3012	265	6	,	,	PUNCT
ajfa-3012	265	7	29	29	NUM
ajfa-3012	265	8	-	-	SYM
ajfa-3012	265	9	51	51	NUM
ajfa-3012	265	10	.	.	PUNCT
ajfa-3012	266	1	http://dx.doi.org/10.1016/0304-4076(94)01642-d	http://dx.doi.org/10.1016/0304-4076(94)01642-d	PROPN
ajfa-3012	266	2	arellano	arellano	PROPN
ajfa-3012	266	3	,	,	PUNCT
ajfa-3012	266	4	m.	m.	NOUN
ajfa-3012	266	5	,	,	PUNCT
ajfa-3012	266	6	&	&	CCONJ
ajfa-3012	266	7	bond	bond	PROPN
ajfa-3012	266	8	,	,	PUNCT
ajfa-3012	266	9	s.	s.	PROPN
ajfa-3012	266	10	(	(	PUNCT
ajfa-3012	266	11	1991	1991	NUM
ajfa-3012	266	12	)	)	PUNCT
ajfa-3012	266	13	.	.	PUNCT
ajfa-3012	267	1	some	some	DET
ajfa-3012	267	2	tests	test	NOUN
ajfa-3012	267	3	of	of	ADP
ajfa-3012	267	4	specification	specification	NOUN
ajfa-3012	267	5	for	for	ADP
ajfa-3012	267	6	panel	panel	NOUN
ajfa-3012	267	7	data	datum	NOUN
ajfa-3012	267	8	:	:	PUNCT
ajfa-3012	267	9	monte	monte	PROPN
ajfa-3012	267	10	carlo	carlo	PROPN
ajfa-3012	267	11	evidence	evidence	NOUN
ajfa-3012	267	12	and	and	CCONJ
ajfa-3012	267	13	an	an	DET
ajfa-3012	267	14	application	application	NOUN
ajfa-3012	267	15	to	to	ADP
ajfa-3012	267	16	employment	employment	NOUN
ajfa-3012	267	17	equations	equation	NOUN
ajfa-3012	267	18	.	.	PUNCT
ajfa-3012	268	1	review	review	NOUN
ajfa-3012	268	2	of	of	ADP
ajfa-3012	268	3	economic	economic	ADJ
ajfa-3012	268	4	studies	study	NOUN
ajfa-3012	268	5	,	,	PUNCT
ajfa-3012	268	6	58	58	NUM
ajfa-3012	268	7	,	,	PUNCT
ajfa-3012	268	8	277	277	NUM
ajfa-3012	268	9	-	-	SYM
ajfa-3012	268	10	297	297	NUM
ajfa-3012	268	11	.	.	PUNCT
ajfa-3012	269	1	http://dx.doi.org/10.2307/2297968	http://dx.doi.org/10.2307/2297968	PROPN
ajfa-3012	269	2	athanasoglou	athanasoglou	NOUN
ajfa-3012	269	3	,	,	PUNCT
ajfa-3012	269	4	p.	p.	PROPN
ajfa-3012	269	5	,	,	PUNCT
ajfa-3012	269	6	brissimis	brissimis	PROPN
ajfa-3012	269	7	,	,	PUNCT
ajfa-3012	269	8	s.	s.	PROPN
ajfa-3012	269	9	,	,	PUNCT
ajfa-3012	269	10	&	&	CCONJ
ajfa-3012	269	11	delis	deli	NOUN
ajfa-3012	269	12	,	,	PUNCT
ajfa-3012	269	13	m.	m.	NOUN
ajfa-3012	269	14	(	(	PUNCT
ajfa-3012	269	15	2008	2008	NUM
ajfa-3012	269	16	)	)	PUNCT
ajfa-3012	269	17	.	.	PUNCT
ajfa-3012	270	1	bank	bank	NOUN
ajfa-3012	270	2	-	-	PUNCT
ajfa-3012	270	3	specific	specific	ADJ
ajfa-3012	270	4	,	,	PUNCT
ajfa-3012	270	5	industry	industry	NOUN
ajfa-3012	270	6	-	-	PUNCT
ajfa-3012	270	7	specific	specific	ADJ
ajfa-3012	270	8	and	and	CCONJ
ajfa-3012	270	9	macroeconomic	macroeconomic	ADJ
ajfa-3012	270	10	determinants	determinant	NOUN
ajfa-3012	270	11	of	of	ADP
ajfa-3012	270	12	bank	bank	NOUN
ajfa-3012	270	13	profitability	profitability	NOUN
ajfa-3012	270	14	.	.	PUNCT
ajfa-3012	271	1	journal	journal	PROPN
ajfa-3012	271	2	of	of	ADP
ajfa-3012	271	3	international	international	ADJ
ajfa-3012	271	4	financial	financial	ADJ
ajfa-3012	271	5	markets	market	NOUN
ajfa-3012	271	6	,	,	PUNCT
ajfa-3012	271	7	institutions	institution	NOUN
ajfa-3012	271	8	&	&	CCONJ
ajfa-3012	271	9	money	money	NOUN
ajfa-3012	271	10	,	,	PUNCT
ajfa-3012	271	11	18	18	NUM
ajfa-3012	271	12	,	,	PUNCT
ajfa-3012	271	13	121	121	NUM
ajfa-3012	271	14	-	-	SYM
ajfa-3012	271	15	136	136	NUM
ajfa-3012	271	16	.	.	PUNCT
ajfa-3012	272	1	http://dx.doi.org/10.1016/j.intfin.2006.07.001	http://dx.doi.org/10.1016/j.intfin.2006.07.001	NOUN
ajfa-3012	272	2	baltagi	baltagi	NOUN
ajfa-3012	272	3	,	,	PUNCT
ajfa-3012	272	4	b.	b.	PROPN
ajfa-3012	272	5	(	(	PUNCT
ajfa-3012	272	6	2001	2001	NUM
ajfa-3012	272	7	)	)	PUNCT
ajfa-3012	272	8	.	.	PUNCT
ajfa-3012	273	1	econometric	econometric	ADJ
ajfa-3012	273	2	analysis	analysis	NOUN
ajfa-3012	273	3	of	of	ADP
ajfa-3012	273	4	panel	panel	NOUN
ajfa-3012	273	5	data	datum	NOUN
ajfa-3012	273	6	.	.	PUNCT
ajfa-3012	274	1	john	john	PROPN
ajfa-3012	274	2	wiley	wiley	PROPN
ajfa-3012	274	3	&	&	CCONJ
ajfa-3012	274	4	sons	sons	PROPN
ajfa-3012	274	5	,	,	PUNCT
ajfa-3012	274	6	chichester	chichester	PROPN
ajfa-3012	274	7	.	.	PUNCT
ajfa-3012	275	1	available	available	ADJ
ajfa-3012	275	2	at	at	ADP
ajfa-3012	275	3	http://au.wiley.com/wileycda/wileytitle/productcd-ehep000952.html	http://au.wiley.com/wileycda/wileytitle/productcd-ehep000952.html	PROPN
ajfa-3012	275	4	bangladesh	bangladesh	PROPN
ajfa-3012	275	5	bank	bank	PROPN
ajfa-3012	275	6	.	.	PUNCT
ajfa-3012	276	1	(	(	PUNCT
ajfa-3012	276	2	2009	2009	NUM
ajfa-3012	276	3	)	)	PUNCT
ajfa-3012	276	4	.	.	PUNCT
ajfa-3012	277	1	annual	annual	ADJ
ajfa-3012	277	2	report	report	NOUN
ajfa-3012	277	3	.	.	PUNCT
ajfa-3012	278	1	bangladesh	bangladesh	PROPN
ajfa-3012	278	2	bank	bank	PROPN
ajfa-3012	278	3	,	,	PUNCT
ajfa-3012	278	4	dhaka	dhaka	PROPN
ajfa-3012	278	5	.	.	PUNCT
ajfa-3012	279	1	available	available	ADJ
ajfa-3012	279	2	at	at	ADP
ajfa-3012	279	3	http://www.bangladesh-bank.org/pub/annual/anreport/ar0910/index0910.php	http://www.bangladesh-bank.org/pub/annual/anreport/ar0910/index0910.php	PROPN
ajfa-3012	279	4	berger	berger	PROPN
ajfa-3012	279	5	,	,	PUNCT
ajfa-3012	279	6	a.	a.	PROPN
ajfa-3012	279	7	,	,	PUNCT
ajfa-3012	279	8	&	&	CCONJ
ajfa-3012	279	9	humphrey	humphrey	PROPN
ajfa-3012	279	10	,	,	PUNCT
ajfa-3012	279	11	d.	d.	PROPN
ajfa-3012	279	12	(	(	PUNCT
ajfa-3012	279	13	1997	1997	NUM
ajfa-3012	279	14	)	)	PUNCT
ajfa-3012	279	15	.	.	PUNCT
ajfa-3012	280	1	efficiency	efficiency	NOUN
ajfa-3012	280	2	of	of	ADP
ajfa-3012	280	3	financial	financial	ADJ
ajfa-3012	280	4	institutions	institution	NOUN
ajfa-3012	280	5	:	:	PUNCT
ajfa-3012	280	6	international	international	ADJ
ajfa-3012	280	7	survey	survey	NOUN
ajfa-3012	280	8	and	and	CCONJ
ajfa-3012	280	9	directions	direction	NOUN
ajfa-3012	280	10	for	for	ADP
ajfa-3012	280	11	future	future	ADJ
ajfa-3012	280	12	research	research	NOUN
ajfa-3012	280	13	.	.	PUNCT
ajfa-3012	281	1	european	european	ADJ
ajfa-3012	281	2	journal	journal	PROPN
ajfa-3012	281	3	of	of	ADP
ajfa-3012	281	4	economic	economic	ADJ
ajfa-3012	281	5	research	research	NOUN
ajfa-3012	281	6	,	,	PUNCT
ajfa-3012	281	7	98	98	NUM
ajfa-3012	281	8	,	,	PUNCT
ajfa-3012	281	9	175	175	NUM
ajfa-3012	281	10	-	-	SYM
ajfa-3012	281	11	212	212	NUM
ajfa-3012	281	12	.	.	PUNCT
ajfa-3012	282	1	http://dx.doi.org/10.1016/s0377-2217(96)00342-6	http://dx.doi.org/10.1016/s0377-2217(96)00342-6	ADJ
ajfa-3012	282	2	berger	berger	PROPN
ajfa-3012	282	3	,	,	PUNCT
ajfa-3012	282	4	a.	a.	PROPN
ajfa-3012	282	5	,	,	PUNCT
ajfa-3012	282	6	hancock	hancock	PROPN
ajfa-3012	282	7	,	,	PUNCT
ajfa-3012	282	8	d.	d.	PROPN
ajfa-3012	282	9	,	,	PUNCT
ajfa-3012	282	10	&	&	CCONJ
ajfa-3012	282	11	humphrey	humphrey	PROPN
ajfa-3012	282	12	,	,	PUNCT
ajfa-3012	282	13	d.	d.	PROPN
ajfa-3012	282	14	(	(	PUNCT
ajfa-3012	282	15	1993	1993	NUM
ajfa-3012	282	16	)	)	PUNCT
ajfa-3012	282	17	.	.	PUNCT
ajfa-3012	283	1	bank	bank	NOUN
ajfa-3012	283	2	efficiency	efficiency	NOUN
ajfa-3012	283	3	derived	derive	VERB
ajfa-3012	283	4	from	from	ADP
ajfa-3012	283	5	the	the	DET
ajfa-3012	283	6	profit	profit	NOUN
ajfa-3012	283	7	function	function	NOUN
ajfa-3012	283	8	.	.	PUNCT
ajfa-3012	284	1	journal	journal	NOUN
ajfa-3012	284	2	of	of	ADP
ajfa-3012	284	3	banking	banking	NOUN
ajfa-3012	284	4	and	and	CCONJ
ajfa-3012	284	5	finance	finance	NOUN
ajfa-3012	284	6	,	,	PUNCT
ajfa-3012	284	7	17	17	NUM
ajfa-3012	284	8	,	,	PUNCT
ajfa-3012	284	9	317	317	NUM
ajfa-3012	284	10	-	-	SYM
ajfa-3012	284	11	347	347	NUM
ajfa-3012	284	12	.	.	PUNCT
ajfa-3012	285	1	http://dx.doi.org/10.1016/0378-4266(93)90035-c	http://dx.doi.org/10.1016/0378-4266(93)90035-c	PROPN
ajfa-3012	286	1	berger	berger	PROPN
ajfa-3012	286	2	,	,	PUNCT
ajfa-3012	286	3	a.	a.	PROPN
ajfa-3012	286	4	,	,	PUNCT
ajfa-3012	286	5	bonime	bonime	NOUN
ajfa-3012	286	6	.	.	PUNCT
ajfa-3012	287	1	s.	s.	PROPN
ajfa-3012	287	2	,	,	PUNCT
ajfa-3012	287	3	covitz	covitz	PROPN
ajfa-3012	287	4	,	,	PUNCT
ajfa-3012	287	5	d.	d.	PROPN
ajfa-3012	287	6	,	,	PUNCT
ajfa-3012	287	7	&	&	CCONJ
ajfa-3012	287	8	hancock	hancock	PROPN
ajfa-3012	287	9	,	,	PUNCT
ajfa-3012	287	10	d.	d.	PROPN
ajfa-3012	287	11	(	(	PUNCT
ajfa-3012	287	12	2000	2000	NUM
ajfa-3012	287	13	)	)	PUNCT
ajfa-3012	287	14	.	.	PUNCT
ajfa-3012	288	1	why	why	SCONJ
ajfa-3012	288	2	are	be	AUX
ajfa-3012	288	3	bank	bank	NOUN
ajfa-3012	288	4	profits	profit	NOUN
ajfa-3012	288	5	so	so	ADV
ajfa-3012	288	6	persistent	persistent	ADJ
ajfa-3012	288	7	?	?	PUNCT
ajfa-3012	289	1	the	the	DET
ajfa-3012	289	2	roles	role	NOUN
ajfa-3012	289	3	of	of	ADP
ajfa-3012	289	4	product	product	NOUN
ajfa-3012	289	5	market	market	NOUN
ajfa-3012	289	6	competition	competition	NOUN
ajfa-3012	289	7	,	,	PUNCT
ajfa-3012	289	8	informational	informational	ADJ
ajfa-3012	289	9	opacity	opacity	NOUN
ajfa-3012	289	10	,	,	PUNCT
ajfa-3012	289	11	and	and	CCONJ
ajfa-3012	289	12	regional	regional	ADJ
ajfa-3012	289	13	/	/	SYM
ajfa-3012	289	14	macroeconomic	macroeconomic	ADJ
ajfa-3012	289	15	shocks	shock	NOUN
ajfa-3012	289	16	.	.	PUNCT
ajfa-3012	290	1	journal	journal	NOUN
ajfa-3012	290	2	of	of	ADP
ajfa-3012	290	3	banking	banking	NOUN
ajfa-3012	290	4	and	and	CCONJ
ajfa-3012	290	5	finance	finance	NOUN
ajfa-3012	290	6	,	,	PUNCT
ajfa-3012	290	7	24	24	NUM
ajfa-3012	290	8	,	,	PUNCT
ajfa-3012	290	9	1203–1235	1203–1235	NUM
ajfa-3012	290	10	.	.	PUNCT
ajfa-3012	291	1	http://dx.doi.org/10.1016/s0378-4266(99)00124-7	http://dx.doi.org/10.1016/s0378-4266(99)00124-7	PROPN
ajfa-3012	291	2	bikker	bikker	PROPN
ajfa-3012	291	3	,	,	PUNCT
ajfa-3012	291	4	j.	j.	PROPN
ajfa-3012	291	5	,	,	PUNCT
ajfa-3012	291	6	&	&	CCONJ
ajfa-3012	291	7	haaf	haaf	PROPN
ajfa-3012	291	8	,	,	PUNCT
ajfa-3012	291	9	k.	k.	PROPN
ajfa-3012	291	10	(	(	PUNCT
ajfa-3012	291	11	2002	2002	NUM
ajfa-3012	291	12	)	)	PUNCT
ajfa-3012	291	13	.	.	PUNCT
ajfa-3012	292	1	measures	measure	NOUN
ajfa-3012	292	2	of	of	ADP
ajfa-3012	292	3	competition	competition	NOUN
ajfa-3012	292	4	and	and	CCONJ
ajfa-3012	292	5	concentration	concentration	NOUN
ajfa-3012	292	6	:	:	PUNCT
ajfa-3012	292	7	a	a	DET
ajfa-3012	292	8	review	review	NOUN
ajfa-3012	292	9	of	of	ADP
ajfa-3012	292	10	the	the	DET
ajfa-3012	292	11	literature	literature	NOUN
ajfa-3012	292	12	.	.	PUNCT
ajfa-3012	293	1	economic	economic	PROPN
ajfa-3012	293	2	&	&	CCONJ
ajfa-3012	293	3	financial	financial	ADJ
ajfa-3012	293	4	modelling	modelling	NOUN
ajfa-3012	293	5	,	,	PUNCT
ajfa-3012	293	6	9	9	NUM
ajfa-3012	293	7	,	,	PUNCT
ajfa-3012	293	8	53	53	NUM
ajfa-3012	293	9	-	-	SYM
ajfa-3012	293	10	98	98	NUM
ajfa-3012	293	11	.	.	PUNCT
ajfa-3012	294	1	doi	doi	NOUN
ajfa-3012	294	2	:	:	PUNCT
ajfa-3012	294	3	n	n	CCONJ
ajfa-3012	294	4	/	/	SYM
ajfa-3012	294	5	a	a	DET
ajfa-3012	294	6	central	central	ADJ
ajfa-3012	294	7	bank	bank	NOUN
ajfa-3012	294	8	of	of	ADP
ajfa-3012	294	9	sri	sri	PROPN
ajfa-3012	294	10	lanka	lanka	PROPN
ajfa-3012	294	11	.	.	PUNCT
ajfa-3012	295	1	(	(	PUNCT
ajfa-3012	295	2	2009	2009	NUM
ajfa-3012	295	3	)	)	PUNCT
ajfa-3012	295	4	.	.	PUNCT
ajfa-3012	296	1	financial	financial	ADJ
ajfa-3012	296	2	system	system	NOUN
ajfa-3012	296	3	stability	stability	NOUN
ajfa-3012	296	4	review	review	NOUN
ajfa-3012	296	5	.	.	PUNCT
ajfa-3012	297	1	central	central	PROPN
ajfa-3012	297	2	bank	bank	PROPN
ajfa-3012	297	3	of	of	ADP
ajfa-3012	297	4	sri	sri	PROPN
ajfa-3012	297	5	lanka	lanka	PROPN
ajfa-3012	297	6	,	,	PUNCT
ajfa-3012	297	7	colombo	colombo	NOUN
ajfa-3012	297	8	.	.	PUNCT
ajfa-3012	298	1	available	available	ADJ
ajfa-3012	298	2	at	at	ADP
ajfa-3012	298	3	http://www.cbsl.gov.lk/pics_n_docs/10_pub/_docs/efr/financial_system_stability_review/fssr	http://www.cbsl.gov.lk/pics_n_docs/10_pub/_docs/efr/financial_system_stability_review/fssr	PROPN
ajfa-3012	298	4	_	_	PROPN
ajfa-3012	298	5	2009.pdf	2009.pdf	NUM
ajfa-3012	298	6	demirguc	demirguc	PROPN
ajfa-3012	298	7	-	-	PUNCT
ajfa-3012	298	8	kunt	kunt	PROPN
ajfa-3012	298	9	,	,	PUNCT
ajfa-3012	298	10	a.	a.	NOUN
ajfa-3012	298	11	,	,	PUNCT
ajfa-3012	298	12	&	&	CCONJ
ajfa-3012	298	13	huizinga	huizinga	PROPN
ajfa-3012	298	14	,	,	PUNCT
ajfa-3012	298	15	h.	h.	PROPN
ajfa-3012	298	16	(	(	PUNCT
ajfa-3012	298	17	1999	1999	NUM
ajfa-3012	298	18	)	)	PUNCT
ajfa-3012	298	19	.	.	PUNCT
ajfa-3012	299	1	determinants	determinant	NOUN
ajfa-3012	299	2	of	of	ADP
ajfa-3012	299	3	commercial	commercial	ADJ
ajfa-3012	299	4	bank	bank	NOUN
ajfa-3012	299	5	interest	interest	NOUN
ajfa-3012	299	6	margins	margin	NOUN
ajfa-3012	299	7	and	and	CCONJ
ajfa-3012	299	8	profitability	profitability	NOUN
ajfa-3012	299	9	:	:	PUNCT
ajfa-3012	299	10	some	some	DET
ajfa-3012	299	11	international	international	ADJ
ajfa-3012	299	12	evidence	evidence	NOUN
ajfa-3012	299	13	.	.	PUNCT
ajfa-3012	300	1	world	world	PROPN
ajfa-3012	300	2	bank	bank	PROPN
ajfa-3012	300	3	economic	economic	PROPN
ajfa-3012	300	4	review	review	PROPN
ajfa-3012	300	5	,	,	PUNCT
ajfa-3012	300	6	13	13	NUM
ajfa-3012	300	7	,	,	PUNCT
ajfa-3012	300	8	379	379	NUM
ajfa-3012	300	9	-	-	SYM
ajfa-3012	300	10	408	408	NUM
ajfa-3012	300	11	.	.	PUNCT
ajfa-3012	301	1	http://dx.doi.org/10.1093/wber/13.2.379	http://dx.doi.org/10.1093/wber/13.2.379	PROPN
ajfa-3012	301	2	gilbert	gilbert	PROPN
ajfa-3012	301	3	,	,	PUNCT
ajfa-3012	301	4	a.	a.	PROPN
ajfa-3012	301	5	(	(	PUNCT
ajfa-3012	301	6	1984	1984	NUM
ajfa-3012	301	7	)	)	PUNCT
ajfa-3012	301	8	.	.	PUNCT
ajfa-3012	302	1	bank	bank	NOUN
ajfa-3012	302	2	market	market	NOUN
ajfa-3012	302	3	structure	structure	NOUN
ajfa-3012	302	4	and	and	CCONJ
ajfa-3012	302	5	competition	competition	NOUN
ajfa-3012	302	6	:	:	PUNCT
ajfa-3012	302	7	a	a	DET
ajfa-3012	302	8	survey	survey	NOUN
ajfa-3012	302	9	.	.	PUNCT
ajfa-3012	303	1	journal	journal	NOUN
ajfa-3012	303	2	of	of	ADP
ajfa-3012	303	3	money	money	NOUN
ajfa-3012	303	4	,	,	PUNCT
ajfa-3012	303	5	asian	asian	ADJ
ajfa-3012	303	6	journal	journal	NOUN
ajfa-3012	303	7	of	of	ADP
ajfa-3012	303	8	finance	finance	PROPN
ajfa-3012	303	9	&	&	CCONJ
ajfa-3012	303	10	accounting	accounting	PROPN
ajfa-3012	303	11	issn	issn	PROPN
ajfa-3012	303	12	1946	1946	NUM
ajfa-3012	303	13	-	-	PUNCT
ajfa-3012	303	14	052x	052x	NOUN
ajfa-3012	303	15	2013	2013	NUM
ajfa-3012	303	16	,	,	PUNCT
ajfa-3012	303	17	vol	vol	NOUN
ajfa-3012	303	18	.	.	PROPN
ajfa-3012	303	19	5	5	NUM
ajfa-3012	303	20	,	,	PUNCT
ajfa-3012	303	21	no	no	INTJ
ajfa-3012	303	22	.	.	NOUN
ajfa-3012	303	23	1	1	NUM
ajfa-3012	303	24	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3012	303	25	380	380	NUM
ajfa-3012	303	26	credit	credit	NOUN
ajfa-3012	303	27	,	,	PUNCT
ajfa-3012	303	28	and	and	CCONJ
ajfa-3012	303	29	banking	banking	NOUN
ajfa-3012	303	30	,	,	PUNCT
ajfa-3012	303	31	16	16	NUM
ajfa-3012	303	32	,	,	PUNCT
ajfa-3012	303	33	617	617	NUM
ajfa-3012	303	34	-	-	SYM
ajfa-3012	303	35	645	645	NUM
ajfa-3012	303	36	.	.	PUNCT
ajfa-3012	304	1	http://dx.doi.org/10.2307/1992096	http://dx.doi.org/10.2307/1992096	PROPN
ajfa-3012	304	2	goddard	goddard	PROPN
ajfa-3012	304	3	,	,	PUNCT
ajfa-3012	304	4	j.	j.	PROPN
ajfa-3012	304	5	,	,	PUNCT
ajfa-3012	304	6	molyneux	molyneux	PROPN
ajfa-3012	304	7	p.	p.	PROPN
ajfa-3012	304	8	,	,	PUNCT
ajfa-3012	304	9	&	&	CCONJ
ajfa-3012	304	10	wilson	wilson	PROPN
ajfa-3012	304	11	,	,	PUNCT
ajfa-3012	304	12	j.	j.	PROPN
ajfa-3012	304	13	(	(	PUNCT
ajfa-3012	304	14	2004	2004	NUM
ajfa-3012	304	15	)	)	PUNCT
ajfa-3012	304	16	.	.	PUNCT
ajfa-3012	305	1	dynamics	dynamic	NOUN
ajfa-3012	305	2	of	of	ADP
ajfa-3012	305	3	growth	growth	NOUN
ajfa-3012	305	4	and	and	CCONJ
ajfa-3012	305	5	profitability	profitability	NOUN
ajfa-3012	305	6	in	in	ADP
ajfa-3012	305	7	banking	banking	NOUN
ajfa-3012	305	8	.	.	PUNCT
ajfa-3012	306	1	journal	journal	PROPN
ajfa-3012	306	2	of	of	ADP
ajfa-3012	306	3	money	money	NOUN
ajfa-3012	306	4	,	,	PUNCT
ajfa-3012	306	5	credit	credit	NOUN
ajfa-3012	306	6	and	and	CCONJ
ajfa-3012	306	7	banking	banking	NOUN
ajfa-3012	306	8	,	,	PUNCT
ajfa-3012	306	9	36	36	NUM
ajfa-3012	306	10	,	,	PUNCT
ajfa-3012	306	11	1069	1069	NUM
ajfa-3012	306	12	-	-	SYM
ajfa-3012	306	13	1022	1022	NUM
ajfa-3012	306	14	.	.	PUNCT
ajfa-3012	307	1	http://dx.doi.org/10.1353/mcb.2005.0015	http://dx.doi.org/10.1353/mcb.2005.0015	PROPN
ajfa-3012	307	2	kaufmann	kaufmann	PROPN
ajfa-3012	307	3	,	,	PUNCT
ajfa-3012	307	4	d.	d.	PROPN
ajfa-3012	307	5	,	,	PUNCT
ajfa-3012	307	6	kraay	kraay	PROPN
ajfa-3012	307	7	,	,	PUNCT
ajfa-3012	307	8	a.	a.	NOUN
ajfa-3012	307	9	,	,	PUNCT
ajfa-3012	307	10	&	&	CCONJ
ajfa-3012	307	11	mastruzzi	mastruzzi	PROPN
ajfa-3012	307	12	,	,	PUNCT
ajfa-3012	307	13	a.	a.	NOUN
ajfa-3012	307	14	(	(	PUNCT
ajfa-3012	307	15	2007	2007	NUM
ajfa-3012	307	16	)	)	PUNCT
ajfa-3012	307	17	.	.	PUNCT
ajfa-3012	308	1	governance	governance	NOUN
ajfa-3012	308	2	matters	matter	VERB
ajfa-3012	308	3	vi	vi	VERB
ajfa-3012	308	4	:	:	PUNCT
ajfa-3012	308	5	aggregate	aggregate	ADJ
ajfa-3012	308	6	and	and	CCONJ
ajfa-3012	308	7	individual	individual	ADJ
ajfa-3012	308	8	governance	governance	NOUN
ajfa-3012	308	9	indicators	indicator	NOUN
ajfa-3012	308	10	,	,	PUNCT
ajfa-3012	308	11	the	the	DET
ajfa-3012	308	12	world	world	PROPN
ajfa-3012	308	13	bank	bank	PROPN
ajfa-3012	308	14	,	,	PUNCT
ajfa-3012	308	15	washington	washington	PROPN
ajfa-3012	308	16	dc	dc	PROPN
ajfa-3012	308	17	.	.	PROPN
ajfa-3012	308	18	available	available	ADJ
ajfa-3012	308	19	at	at	ADP
ajfa-3012	308	20	https://openknowledge.worldbank.org/bitstream/handle/10986/7473/wps4280.txt?sequence=2	https://openknowledge.worldbank.org/bitstream/handle/10986/7473/wps4280.txt?sequence=2	PROPN
ajfa-3012	308	21	kosmidou	kosmidou	PROPN
ajfa-3012	308	22	,	,	PUNCT
ajfa-3012	308	23	k.	k.	PROPN
ajfa-3012	308	24	(	(	PUNCT
ajfa-3012	308	25	2008	2008	NUM
ajfa-3012	308	26	)	)	PUNCT
ajfa-3012	308	27	.	.	PUNCT
ajfa-3012	309	1	the	the	DET
ajfa-3012	309	2	determinants	determinant	NOUN
ajfa-3012	309	3	of	of	ADP
ajfa-3012	309	4	banks	bank	NOUN
ajfa-3012	309	5	'	'	PART
ajfa-3012	309	6	profits	profit	NOUN
ajfa-3012	309	7	in	in	ADP
ajfa-3012	309	8	greece	greece	PROPN
ajfa-3012	309	9	during	during	ADP
ajfa-3012	309	10	the	the	DET
ajfa-3012	309	11	period	period	NOUN
ajfa-3012	309	12	of	of	ADP
ajfa-3012	309	13	eu	eu	PROPN
ajfa-3012	309	14	financial	financial	ADJ
ajfa-3012	309	15	integration	integration	NOUN
ajfa-3012	309	16	.	.	PUNCT
ajfa-3012	310	1	managerial	managerial	ADJ
ajfa-3012	310	2	finance	finance	NOUN
ajfa-3012	310	3	,	,	PUNCT
ajfa-3012	310	4	34	34	NUM
ajfa-3012	310	5	,	,	PUNCT
ajfa-3012	310	6	146	146	NUM
ajfa-3012	310	7	-	-	SYM
ajfa-3012	310	8	159	159	NUM
ajfa-3012	310	9	.	.	PUNCT
ajfa-3012	311	1	http://dx.doi.org/10.1108/03074350810848036	http://dx.doi.org/10.1108/03074350810848036	PROPN
ajfa-3012	311	2	kosmidou	kosmidou	PROPN
ajfa-3012	311	3	,	,	PUNCT
ajfa-3012	311	4	k.	k.	PROPN
ajfa-3012	311	5	,	,	PUNCT
ajfa-3012	311	6	pasiouras	pasiouras	PROPN
ajfa-3012	311	7	,	,	PUNCT
ajfa-3012	311	8	f.	f.	PROPN
ajfa-3012	311	9	,	,	PUNCT
ajfa-3012	311	10	&	&	CCONJ
ajfa-3012	311	11	tsaklanganos	tsaklanganos	PROPN
ajfa-3012	311	12	,	,	PUNCT
ajfa-3012	311	13	a.	a.	NOUN
ajfa-3012	311	14	(	(	PUNCT
ajfa-3012	311	15	2007	2007	NUM
ajfa-3012	311	16	)	)	PUNCT
ajfa-3012	311	17	.	.	PUNCT
ajfa-3012	312	1	domestic	domestic	ADJ
ajfa-3012	312	2	and	and	CCONJ
ajfa-3012	312	3	multinational	multinational	ADJ
ajfa-3012	312	4	determinants	determinant	NOUN
ajfa-3012	312	5	of	of	ADP
ajfa-3012	312	6	foreign	foreign	ADJ
ajfa-3012	312	7	bank	bank	NOUN
ajfa-3012	312	8	profits	profit	NOUN
ajfa-3012	312	9	:	:	PUNCT
ajfa-3012	312	10	the	the	DET
ajfa-3012	312	11	case	case	NOUN
ajfa-3012	312	12	of	of	ADP
ajfa-3012	312	13	greek	greek	ADJ
ajfa-3012	312	14	banks	bank	NOUN
ajfa-3012	312	15	operating	operate	VERB
ajfa-3012	312	16	abroad	abroad	ADV
ajfa-3012	312	17	.	.	PUNCT
ajfa-3012	313	1	journal	journal	NOUN
ajfa-3012	313	2	of	of	ADP
ajfa-3012	313	3	multinational	multinational	ADJ
ajfa-3012	313	4	financial	financial	ADJ
ajfa-3012	313	5	management	management	NOUN
ajfa-3012	313	6	,	,	PUNCT
ajfa-3012	313	7	17	17	NUM
ajfa-3012	313	8	,	,	PUNCT
ajfa-3012	313	9	1	1	NUM
ajfa-3012	313	10	-	-	SYM
ajfa-3012	313	11	15	15	NUM
ajfa-3012	313	12	.	.	PUNCT
ajfa-3012	314	1	http://dx.doi.org/10.1016/j.mulfin.2006.02.002	http://dx.doi.org/10.1016/j.mulfin.2006.02.002	PROPN
ajfa-3012	314	2	maddala	maddala	NOUN
ajfa-3012	314	3	,	,	PUNCT
ajfa-3012	314	4	g.	g.	PROPN
ajfa-3012	314	5	,	,	PUNCT
ajfa-3012	314	6	&	&	CCONJ
ajfa-3012	314	7	wu	wu	PROPN
ajfa-3012	314	8	,	,	PUNCT
ajfa-3012	314	9	s.	s.	PROPN
ajfa-3012	314	10	(	(	PUNCT
ajfa-3012	314	11	1999	1999	NUM
ajfa-3012	314	12	)	)	PUNCT
ajfa-3012	314	13	.	.	PUNCT
ajfa-3012	315	1	a	a	DET
ajfa-3012	315	2	comparative	comparative	ADJ
ajfa-3012	315	3	study	study	NOUN
ajfa-3012	315	4	of	of	ADP
ajfa-3012	315	5	unit	unit	NOUN
ajfa-3012	315	6	root	root	NOUN
ajfa-3012	315	7	tests	test	NOUN
ajfa-3012	315	8	with	with	ADP
ajfa-3012	315	9	panel	panel	NOUN
ajfa-3012	315	10	data	datum	NOUN
ajfa-3012	315	11	and	and	CCONJ
ajfa-3012	315	12	a	a	DET
ajfa-3012	315	13	new	new	ADJ
ajfa-3012	315	14	simple	simple	ADJ
ajfa-3012	315	15	test	test	NOUN
ajfa-3012	315	16	.	.	PUNCT
ajfa-3012	316	1	oxford	oxford	ADJ
ajfa-3012	316	2	bulletin	bulletin	NOUN
ajfa-3012	316	3	of	of	ADP
ajfa-3012	316	4	economics	economic	NOUN
ajfa-3012	316	5	and	and	CCONJ
ajfa-3012	316	6	statistics	statistic	NOUN
ajfa-3012	316	7	,	,	PUNCT
ajfa-3012	316	8	61	61	NUM
ajfa-3012	316	9	,	,	PUNCT
ajfa-3012	316	10	631	631	NUM
ajfa-3012	316	11	-	-	SYM
ajfa-3012	316	12	652	652	NUM
ajfa-3012	316	13	.	.	PUNCT
ajfa-3012	317	1	http://dx.doi.org/10.1111/1468-0084.0610s1631	http://dx.doi.org/10.1111/1468-0084.0610s1631	PROPN
ajfa-3012	317	2	miller	miller	PROPN
ajfa-3012	317	3	,	,	PUNCT
ajfa-3012	317	4	s.	s.	PROPN
ajfa-3012	317	5	,	,	PUNCT
ajfa-3012	317	6	&	&	CCONJ
ajfa-3012	317	7	noulas	noulas	PROPN
ajfa-3012	317	8	,	,	PUNCT
ajfa-3012	317	9	a.	a.	NOUN
ajfa-3012	317	10	(	(	PUNCT
ajfa-3012	317	11	1997	1997	NUM
ajfa-3012	317	12	)	)	PUNCT
ajfa-3012	317	13	.	.	PUNCT
ajfa-3012	318	1	portfolio	portfolio	NOUN
ajfa-3012	318	2	mix	mix	NOUN
ajfa-3012	318	3	and	and	CCONJ
ajfa-3012	318	4	large	large	ADJ
ajfa-3012	318	5	-	-	PUNCT
ajfa-3012	318	6	bank	bank	NOUN
ajfa-3012	318	7	profitability	profitability	NOUN
ajfa-3012	318	8	in	in	ADP
ajfa-3012	318	9	the	the	DET
ajfa-3012	318	10	usa	usa	PROPN
ajfa-3012	318	11	.	.	PROPN
ajfa-3012	318	12	applied	apply	VERB
ajfa-3012	318	13	economics	economic	NOUN
ajfa-3012	318	14	,	,	PUNCT
ajfa-3012	318	15	29	29	NUM
ajfa-3012	318	16	,	,	PUNCT
ajfa-3012	318	17	502	502	NUM
ajfa-3012	318	18	-	-	SYM
ajfa-3012	318	19	512	512	NUM
ajfa-3012	318	20	.	.	PUNCT
ajfa-3012	319	1	http://dx.doi.org/10.1080/000368497326994	http://dx.doi.org/10.1080/000368497326994	PROPN
ajfa-3012	319	2	molyneux	molyneux	PROPN
ajfa-3012	319	3	,	,	PUNCT
ajfa-3012	319	4	p.	p.	PROPN
ajfa-3012	319	5	,	,	PUNCT
ajfa-3012	319	6	thornton	thornton	PROPN
ajfa-3012	319	7	,	,	PUNCT
ajfa-3012	319	8	j.	j.	PROPN
ajfa-3012	319	9	(	(	PUNCT
ajfa-3012	319	10	1992	1992	NUM
ajfa-3012	319	11	)	)	PUNCT
ajfa-3012	319	12	.	.	PUNCT
ajfa-3012	320	1	determinants	determinant	NOUN
ajfa-3012	320	2	of	of	ADP
ajfa-3012	320	3	european	european	PROPN
ajfa-3012	320	4	bank	bank	PROPN
ajfa-3012	320	5	profitability	profitability	NOUN
ajfa-3012	320	6	:	:	PUNCT
ajfa-3012	320	7	a	a	DET
ajfa-3012	320	8	note	note	NOUN
ajfa-3012	320	9	.	.	PUNCT
ajfa-3012	321	1	journal	journal	NOUN
ajfa-3012	321	2	of	of	ADP
ajfa-3012	321	3	banking	banking	NOUN
ajfa-3012	321	4	and	and	CCONJ
ajfa-3012	321	5	finance	finance	NOUN
ajfa-3012	321	6	,	,	PUNCT
ajfa-3012	321	7	16	16	NUM
ajfa-3012	321	8	,	,	PUNCT
ajfa-3012	321	9	1173	1173	NUM
ajfa-3012	321	10	-	-	SYM
ajfa-3012	321	11	1178	1178	NUM
ajfa-3012	321	12	.	.	PUNCT
ajfa-3012	322	1	http://dx.doi.org/10.1016/0378-4266(92)90065-8	http://dx.doi.org/10.1016/0378-4266(92)90065-8	PROPN
ajfa-3012	322	2	panzar	panzar	PROPN
ajfa-3012	322	3	,	,	PUNCT
ajfa-3012	322	4	j.	j.	PROPN
ajfa-3012	322	5	,	,	PUNCT
ajfa-3012	322	6	&	&	CCONJ
ajfa-3012	322	7	rosse	rosse	PROPN
ajfa-3012	322	8	,	,	PUNCT
ajfa-3012	322	9	j.	j.	PROPN
ajfa-3012	322	10	(	(	PUNCT
ajfa-3012	322	11	1987	1987	NUM
ajfa-3012	322	12	)	)	PUNCT
ajfa-3012	322	13	.	.	PUNCT
ajfa-3012	323	1	testing	test	VERB
ajfa-3012	323	2	for	for	ADP
ajfa-3012	323	3	monopoly	monopoly	NOUN
ajfa-3012	323	4	equilibrium	equilibrium	NOUN
ajfa-3012	323	5	.	.	PUNCT
ajfa-3012	324	1	journal	journal	PROPN
ajfa-3012	324	2	of	of	ADP
ajfa-3012	324	3	industrial	industrial	ADJ
ajfa-3012	324	4	economics	economic	NOUN
ajfa-3012	324	5	,	,	PUNCT
ajfa-3012	324	6	35	35	NUM
ajfa-3012	324	7	,	,	PUNCT
ajfa-3012	324	8	443–56	443–56	NUM
ajfa-3012	324	9	.	.	PUNCT
ajfa-3012	325	1	http://dx.doi.org/10.2307/2098582	http://dx.doi.org/10.2307/2098582	PROPN
ajfa-3012	325	2	pasiouras	pasiouras	PROPN
ajfa-3012	325	3	,	,	PUNCT
ajfa-3012	325	4	f.	f.	PROPN
ajfa-3012	325	5	,	,	PUNCT
ajfa-3012	325	6	&	&	CCONJ
ajfa-3012	325	7	kosmidou	kosmidou	PROPN
ajfa-3012	325	8	,	,	PUNCT
ajfa-3012	325	9	k.	k.	PROPN
ajfa-3012	325	10	(	(	PUNCT
ajfa-3012	325	11	2007	2007	NUM
ajfa-3012	325	12	)	)	PUNCT
ajfa-3012	325	13	.	.	PUNCT
ajfa-3012	326	1	factors	factor	NOUN
ajfa-3012	326	2	influencing	influence	VERB
ajfa-3012	326	3	the	the	DET
ajfa-3012	326	4	profitability	profitability	NOUN
ajfa-3012	326	5	of	of	ADP
ajfa-3012	326	6	domestic	domestic	ADJ
ajfa-3012	326	7	and	and	CCONJ
ajfa-3012	326	8	foreign	foreign	ADJ
ajfa-3012	326	9	commercial	commercial	ADJ
ajfa-3012	326	10	banks	bank	NOUN
ajfa-3012	326	11	in	in	ADP
ajfa-3012	326	12	the	the	DET
ajfa-3012	326	13	european	european	PROPN
ajfa-3012	326	14	union	union	PROPN
ajfa-3012	326	15	.	.	PUNCT
ajfa-3012	327	1	research	research	NOUN
ajfa-3012	327	2	in	in	ADP
ajfa-3012	327	3	international	international	ADJ
ajfa-3012	327	4	business	business	NOUN
ajfa-3012	327	5	and	and	CCONJ
ajfa-3012	327	6	finance	finance	NOUN
ajfa-3012	327	7	,	,	PUNCT
ajfa-3012	327	8	21	21	NUM
ajfa-3012	327	9	,	,	PUNCT
ajfa-3012	327	10	222	222	NUM
ajfa-3012	327	11	-	-	SYM
ajfa-3012	327	12	237	237	NUM
ajfa-3012	327	13	.	.	PUNCT
ajfa-3012	328	1	http://dx.doi.org/10.1016/j.ribaf.2006.03.007	http://dx.doi.org/10.1016/j.ribaf.2006.03.007	PROPN
ajfa-3012	328	2	perera	perera	PROPN
ajfa-3012	328	3	,	,	PUNCT
ajfa-3012	328	4	s.	s.	PROPN
ajfa-3012	328	5	,	,	PUNCT
ajfa-3012	328	6	skully	skully	ADV
ajfa-3012	328	7	,	,	PUNCT
ajfa-3012	328	8	m.	m.	NOUN
ajfa-3012	328	9	,	,	PUNCT
ajfa-3012	328	10	&	&	CCONJ
ajfa-3012	328	11	wickramanayake	wickramanayake	PROPN
ajfa-3012	328	12	,	,	PUNCT
ajfa-3012	328	13	j.	j.	PROPN
ajfa-3012	328	14	(	(	PUNCT
ajfa-3012	328	15	2006	2006	NUM
ajfa-3012	328	16	)	)	PUNCT
ajfa-3012	328	17	.	.	PUNCT
ajfa-3012	329	1	competition	competition	NOUN
ajfa-3012	329	2	and	and	CCONJ
ajfa-3012	329	3	structure	structure	NOUN
ajfa-3012	329	4	of	of	ADP
ajfa-3012	329	5	south	south	ADJ
ajfa-3012	329	6	asian	asian	ADJ
ajfa-3012	329	7	banking	banking	NOUN
ajfa-3012	329	8	:	:	PUNCT
ajfa-3012	329	9	a	a	DET
ajfa-3012	329	10	revenue	revenue	NOUN
ajfa-3012	329	11	behaviour	behaviour	NOUN
ajfa-3012	329	12	approach	approach	NOUN
ajfa-3012	329	13	.	.	PUNCT
ajfa-3012	330	1	applied	apply	VERB
ajfa-3012	330	2	financial	financial	ADJ
ajfa-3012	330	3	economics	economic	NOUN
ajfa-3012	330	4	,	,	PUNCT
ajfa-3012	330	5	16	16	NUM
ajfa-3012	330	6	,	,	PUNCT
ajfa-3012	330	7	789	789	NUM
ajfa-3012	330	8	-	-	SYM
ajfa-3012	330	9	801	801	NUM
ajfa-3012	330	10	.	.	PUNCT
ajfa-3012	331	1	http://dx.doi.org/10.1080/09603100600687461	http://dx.doi.org/10.1080/09603100600687461	PROPN
ajfa-3012	331	2	perera	perera	PROPN
ajfa-3012	331	3	,	,	PUNCT
ajfa-3012	331	4	s.	s.	PROPN
ajfa-3012	331	5	,	,	PUNCT
ajfa-3012	331	6	skully	skully	ADV
ajfa-3012	331	7	,	,	PUNCT
ajfa-3012	331	8	m.	m.	NOUN
ajfa-3012	331	9	,	,	PUNCT
ajfa-3012	331	10	&	&	CCONJ
ajfa-3012	331	11	wickramanayake	wickramanayake	PROPN
ajfa-3012	331	12	,	,	PUNCT
ajfa-3012	331	13	j.	j.	PROPN
ajfa-3012	331	14	(	(	PUNCT
ajfa-3012	331	15	2007	2007	NUM
ajfa-3012	331	16	)	)	PUNCT
ajfa-3012	331	17	.	.	PUNCT
ajfa-3012	332	1	cost	cost	NOUN
ajfa-3012	332	2	efficiency	efficiency	NOUN
ajfa-3012	332	3	in	in	ADP
ajfa-3012	332	4	south	south	ADJ
ajfa-3012	332	5	asian	asian	ADJ
ajfa-3012	332	6	banking	banking	NOUN
ajfa-3012	332	7	:	:	PUNCT
ajfa-3012	332	8	the	the	DET
ajfa-3012	332	9	impact	impact	NOUN
ajfa-3012	332	10	of	of	ADP
ajfa-3012	332	11	bank	bank	NOUN
ajfa-3012	332	12	size	size	NOUN
ajfa-3012	332	13	,	,	PUNCT
ajfa-3012	332	14	state	state	NOUN
ajfa-3012	332	15	ownership	ownership	NOUN
ajfa-3012	332	16	and	and	CCONJ
ajfa-3012	332	17	stock	stock	NOUN
ajfa-3012	332	18	exchange	exchange	NOUN
ajfa-3012	332	19	listings	listing	NOUN
ajfa-3012	332	20	.	.	PUNCT
ajfa-3012	333	1	international	international	ADJ
ajfa-3012	333	2	review	review	NOUN
ajfa-3012	333	3	of	of	ADP
ajfa-3012	333	4	finance	finance	NOUN
ajfa-3012	333	5	,	,	PUNCT
ajfa-3012	333	6	7	7	NUM
ajfa-3012	333	7	,	,	PUNCT
ajfa-3012	333	8	35	35	NUM
ajfa-3012	333	9	-	-	SYM
ajfa-3012	333	10	60	60	NUM
ajfa-3012	333	11	.	.	PUNCT
ajfa-3012	334	1	http://dx.doi.org/10.1111/j.1468-2443.2007.00067.x	http://dx.doi.org/10.1111/j.1468-2443.2007.00067.x	NOUN