id	sid	tid	token	lemma	pos
ajfa-3333	1	1	microsoft	microsoft	PROPN
ajfa-3333	1	2	word	word	NOUN
ajfa-3333	1	3	3333-12521-1-rv-writer2-new.docx	3333-12521-1-rv-writer2-new.docx	NUM
ajfa-3333	1	4	asian	asian	ADJ
ajfa-3333	1	5	journal	journal	NOUN
ajfa-3333	1	6	of	of	ADP
ajfa-3333	1	7	finance	finance	PROPN
ajfa-3333	1	8	&	&	CCONJ
ajfa-3333	1	9	accounting	accounting	PROPN
ajfa-3333	1	10	issn	issn	PROPN
ajfa-3333	1	11	1946	1946	NUM
ajfa-3333	1	12	-	-	PUNCT
ajfa-3333	1	13	052x	052x	NOUN
ajfa-3333	1	14	2013	2013	NUM
ajfa-3333	1	15	,	,	PUNCT
ajfa-3333	1	16	vol	vol	NOUN
ajfa-3333	1	17	.	.	PROPN
ajfa-3333	1	18	5	5	NUM
ajfa-3333	1	19	,	,	PUNCT
ajfa-3333	1	20	no	no	INTJ
ajfa-3333	1	21	.	.	NOUN
ajfa-3333	1	22	1	1	NUM
ajfa-3333	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	1	24	274	274	NUM
ajfa-3333	1	25	determine	determine	VERB
ajfa-3333	1	26	the	the	DET
ajfa-3333	1	27	effects	effect	NOUN
ajfa-3333	1	28	of	of	ADP
ajfa-3333	1	29	fundamental	fundamental	ADJ
ajfa-3333	1	30	variables	variable	NOUN
ajfa-3333	1	31	and	and	CCONJ
ajfa-3333	1	32	mass	mass	ADJ
ajfa-3333	1	33	behaviors	behavior	NOUN
ajfa-3333	1	34	in	in	ADP
ajfa-3333	1	35	changes	change	NOUN
ajfa-3333	1	36	of	of	ADP
ajfa-3333	1	37	stock	stock	NOUN
ajfa-3333	1	38	price	price	NOUN
ajfa-3333	1	39	(	(	PUNCT
ajfa-3333	1	40	evidence	evidence	NOUN
ajfa-3333	1	41	from	from	ADP
ajfa-3333	1	42	iran	iran	PROPN
ajfa-3333	1	43	stock	stock	PROPN
ajfa-3333	1	44	exchange	exchange	PROPN
ajfa-3333	1	45	)	)	PUNCT
ajfa-3333	1	46	mahmoud	mahmoud	PROPN
ajfa-3333	1	47	samadi	samadi	PROPN
ajfa-3333	1	48	largani	largani	PROPN
ajfa-3333	1	49	(	(	PUNCT
ajfa-3333	1	50	corresponding	corresponding	ADJ
ajfa-3333	1	51	author	author	NOUN
ajfa-3333	1	52	)	)	PUNCT
ajfa-3333	1	53	department	department	NOUN
ajfa-3333	1	54	of	of	ADP
ajfa-3333	1	55	accounting	accounting	NOUN
ajfa-3333	1	56	,	,	PUNCT
ajfa-3333	1	57	tonekabon	tonekabon	NOUN
ajfa-3333	1	58	branch	branch	NOUN
ajfa-3333	1	59	,	,	PUNCT
ajfa-3333	1	60	islamic	islamic	PROPN
ajfa-3333	1	61	azad	azad	PROPN
ajfa-3333	1	62	university	university	PROPN
ajfa-3333	1	63	,	,	PUNCT
ajfa-3333	1	64	tonekabon	tonekabon	NOUN
ajfa-3333	1	65	,	,	PUNCT
ajfa-3333	1	66	iran	iran	PROPN
ajfa-3333	1	67	tel	tel	ADP
ajfa-3333	1	68	:	:	PUNCT
ajfa-3333	1	69	98	98	NUM
ajfa-3333	1	70	-	-	PUNCT
ajfa-3333	1	71	91	91	NUM
ajfa-3333	1	72	-	-	PUNCT
ajfa-3333	1	73	1193	1193	NUM
ajfa-3333	1	74	-	-	SYM
ajfa-3333	1	75	6748	6748	NUM
ajfa-3333	1	76	e	e	NOUN
ajfa-3333	1	77	-	-	NOUN
ajfa-3333	1	78	mail	mail	NOUN
ajfa-3333	1	79	:	:	PUNCT
ajfa-3333	1	80	m_samadi_largani@yahoo.com	m_samadi_largani@yahoo.com	PROPN
ajfa-3333	1	81	mohsen	mohsen	PROPN
ajfa-3333	1	82	zamani	zamani	PROPN
ajfa-3333	1	83	department	department	PROPN
ajfa-3333	1	84	of	of	ADP
ajfa-3333	1	85	accounting	accounting	PROPN
ajfa-3333	1	86	,	,	PUNCT
ajfa-3333	1	87	kashan	kashan	PROPN
ajfa-3333	1	88	branch	branch	NOUN
ajfa-3333	1	89	,	,	PUNCT
ajfa-3333	1	90	islamic	islamic	PROPN
ajfa-3333	1	91	azad	azad	PROPN
ajfa-3333	1	92	university	university	PROPN
ajfa-3333	1	93	,	,	PUNCT
ajfa-3333	1	94	kashan	kashan	PROPN
ajfa-3333	1	95	,	,	PUNCT
ajfa-3333	1	96	iran	iran	PROPN
ajfa-3333	1	97	e	e	NOUN
ajfa-3333	1	98	-	-	NOUN
ajfa-3333	1	99	mail	mail	NOUN
ajfa-3333	1	100	:	:	PUNCT
ajfa-3333	1	101	zamanimohsen84@yahoo.com	zamanimohsen84@yahoo.com	X
ajfa-3333	1	102	mohsen	mohsen	PROPN
ajfa-3333	1	103	imeni	imeni	PROPN
ajfa-3333	1	104	department	department	PROPN
ajfa-3333	1	105	of	of	ADP
ajfa-3333	1	106	accounting	accounting	PROPN
ajfa-3333	1	107	,	,	PUNCT
ajfa-3333	1	108	tonekabon	tonekabon	NOUN
ajfa-3333	1	109	branch	branch	NOUN
ajfa-3333	1	110	,	,	PUNCT
ajfa-3333	1	111	islamic	islamic	PROPN
ajfa-3333	1	112	azad	azad	PROPN
ajfa-3333	1	113	university	university	PROPN
ajfa-3333	1	114	,	,	PUNCT
ajfa-3333	1	115	tonekabon	tonekabon	NOUN
ajfa-3333	1	116	,	,	PUNCT
ajfa-3333	1	117	iran	iran	PROPN
ajfa-3333	1	118	tel	tel	ADP
ajfa-3333	1	119	:	:	PUNCT
ajfa-3333	1	120	98	98	NUM
ajfa-3333	1	121	-	-	SYM
ajfa-3333	1	122	93	93	NUM
ajfa-3333	1	123	-	-	PUNCT
ajfa-3333	1	124	5575	5575	NUM
ajfa-3333	1	125	-	-	SYM
ajfa-3333	1	126	8686	8686	NUM
ajfa-3333	1	127	e	e	NOUN
ajfa-3333	1	128	-	-	NOUN
ajfa-3333	1	129	mail	mail	NOUN
ajfa-3333	1	130	:	:	PUNCT
ajfa-3333	1	131	mohsen.imeni86@yahoo.com	mohsen.imeni86@yahoo.com	X
ajfa-3333	1	132	meysam	meysam	PROPN
ajfa-3333	1	133	kaviani	kaviani	PROPN
ajfa-3333	1	134	department	department	PROPN
ajfa-3333	1	135	of	of	ADP
ajfa-3333	1	136	accounting	accounting	PROPN
ajfa-3333	1	137	,	,	PUNCT
ajfa-3333	1	138	tonekabon	tonekabon	NOUN
ajfa-3333	1	139	branch	branch	NOUN
ajfa-3333	1	140	,	,	PUNCT
ajfa-3333	1	141	islamic	islamic	PROPN
ajfa-3333	1	142	azad	azad	PROPN
ajfa-3333	1	143	university	university	PROPN
ajfa-3333	1	144	,	,	PUNCT
ajfa-3333	1	145	tonekabon	tonekabon	NOUN
ajfa-3333	1	146	,	,	PUNCT
ajfa-3333	1	147	iran	iran	PROPN
ajfa-3333	1	148	tel	tel	ADP
ajfa-3333	1	149	:	:	PUNCT
ajfa-3333	1	150	98	98	NUM
ajfa-3333	1	151	-	-	SYM
ajfa-3333	1	152	93	93	NUM
ajfa-3333	1	153	-	-	PUNCT
ajfa-3333	1	154	5148	5148	NUM
ajfa-3333	1	155	-	-	SYM
ajfa-3333	1	156	8917	8917	NUM
ajfa-3333	1	157	e	e	NOUN
ajfa-3333	1	158	-	-	NOUN
ajfa-3333	1	159	mail	mail	NOUN
ajfa-3333	1	160	:	:	PUNCT
ajfa-3333	1	161	meysamkaviani@gmail.com	meysamkaviani@gmail.com	NOUN
ajfa-3333	1	162	received	receive	VERB
ajfa-3333	1	163	:	:	PUNCT
ajfa-3333	1	164	feb	feb	PROPN
ajfa-3333	1	165	.	.	PROPN
ajfa-3333	1	166	27	27	NUM
ajfa-3333	1	167	,	,	PUNCT
ajfa-3333	1	168	2012	2012	NUM
ajfa-3333	1	169	accepted	accept	VERB
ajfa-3333	1	170	:	:	PUNCT
ajfa-3333	1	171	april	april	PROPN
ajfa-3333	1	172	23	23	NUM
ajfa-3333	1	173	,	,	PUNCT
ajfa-3333	1	174	2012	2012	NUM
ajfa-3333	1	175	published	publish	VERB
ajfa-3333	1	176	:	:	PUNCT
ajfa-3333	1	177	june	june	PROPN
ajfa-3333	1	178	1	1	NUM
ajfa-3333	1	179	,	,	PUNCT
ajfa-3333	1	180	2013	2013	NUM
ajfa-3333	1	181	doi:10.5296	doi:10.5296	NOUN
ajfa-3333	1	182	/	/	SYM
ajfa-3333	1	183	ajfa.v5i1.3333	ajfa.v5i1.3333	ADJ
ajfa-3333	1	184	url	url	NOUN
ajfa-3333	1	185	:	:	PUNCT
ajfa-3333	1	186	http://dx.doi.org/10.5296/ajfa.v5i1.3333	http://dx.doi.org/10.5296/ajfa.v5i1.3333	PUNCT
ajfa-3333	1	187	abstract	abstract	ADJ
ajfa-3333	1	188	previous	previous	ADJ
ajfa-3333	1	189	studies	study	NOUN
ajfa-3333	1	190	have	have	AUX
ajfa-3333	1	191	claimed	claim	VERB
ajfa-3333	1	192	that	that	SCONJ
ajfa-3333	1	193	new	new	ADJ
ajfa-3333	1	194	information	information	NOUN
ajfa-3333	1	195	about	about	ADP
ajfa-3333	1	196	market	market	NOUN
ajfa-3333	1	197	fundamentals	fundamental	NOUN
ajfa-3333	1	198	provides	provide	VERB
ajfa-3333	1	199	only	only	ADV
ajfa-3333	1	200	a	a	DET
ajfa-3333	1	201	partial	partial	ADJ
ajfa-3333	1	202	explanation	explanation	NOUN
ajfa-3333	1	203	of	of	ADP
ajfa-3333	1	204	observed	observed	ADJ
ajfa-3333	1	205	price	price	NOUN
ajfa-3333	1	206	fluctuations	fluctuation	NOUN
ajfa-3333	1	207	.	.	PUNCT
ajfa-3333	2	1	it	it	PRON
ajfa-3333	2	2	has	have	AUX
ajfa-3333	2	3	been	be	AUX
ajfa-3333	2	4	proposed	propose	VERB
ajfa-3333	2	5	that	that	SCONJ
ajfa-3333	2	6	short	short	ADJ
ajfa-3333	2	7	-	-	PUNCT
ajfa-3333	2	8	term	term	NOUN
ajfa-3333	2	9	fluctuations	fluctuation	NOUN
ajfa-3333	2	10	are	be	AUX
ajfa-3333	2	11	caused	cause	VERB
ajfa-3333	2	12	by	by	ADP
ajfa-3333	2	13	shifts	shift	NOUN
ajfa-3333	2	14	in	in	ADP
ajfa-3333	2	15	market	market	NOUN
ajfa-3333	2	16	psychology	psychology	NOUN
ajfa-3333	2	17	or	or	CCONJ
ajfa-3333	2	18	events	event	NOUN
ajfa-3333	2	19	that	that	PRON
ajfa-3333	2	20	have	have	VERB
ajfa-3333	2	21	no	no	DET
ajfa-3333	2	22	direct	direct	ADJ
ajfa-3333	2	23	impact	impact	NOUN
ajfa-3333	2	24	on	on	ADP
ajfa-3333	2	25	business	business	NOUN
ajfa-3333	2	26	prospects	prospect	NOUN
ajfa-3333	2	27	or	or	CCONJ
ajfa-3333	2	28	economic	economic	ADJ
ajfa-3333	2	29	conditions	condition	NOUN
ajfa-3333	2	30	.	.	PUNCT
ajfa-3333	3	1	in	in	ADP
ajfa-3333	3	2	accordance	accordance	NOUN
ajfa-3333	3	3	with	with	ADP
ajfa-3333	3	4	the	the	DET
ajfa-3333	3	5	idea	idea	NOUN
ajfa-3333	3	6	that	that	SCONJ
ajfa-3333	3	7	short	short	ADJ
ajfa-3333	3	8	-	-	PUNCT
ajfa-3333	3	9	term	term	NOUN
ajfa-3333	3	10	asian	asian	ADJ
ajfa-3333	3	11	journal	journal	NOUN
ajfa-3333	3	12	of	of	ADP
ajfa-3333	3	13	finance	finance	PROPN
ajfa-3333	3	14	&	&	CCONJ
ajfa-3333	3	15	accounting	accounting	PROPN
ajfa-3333	3	16	issn	issn	PROPN
ajfa-3333	3	17	1946	1946	NUM
ajfa-3333	3	18	-	-	PUNCT
ajfa-3333	3	19	052x	052x	NOUN
ajfa-3333	3	20	2013	2013	NUM
ajfa-3333	3	21	,	,	PUNCT
ajfa-3333	3	22	vol	vol	NOUN
ajfa-3333	3	23	.	.	PROPN
ajfa-3333	3	24	5	5	NUM
ajfa-3333	3	25	,	,	PUNCT
ajfa-3333	3	26	no	no	INTJ
ajfa-3333	3	27	.	.	NOUN
ajfa-3333	3	28	1	1	NUM
ajfa-3333	3	29	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	3	30	275	275	NUM
ajfa-3333	3	31	variability	variability	NOUN
ajfa-3333	3	32	in	in	ADP
ajfa-3333	3	33	asset	asset	NOUN
ajfa-3333	3	34	prices	price	NOUN
ajfa-3333	3	35	could	could	AUX
ajfa-3333	3	36	be	be	AUX
ajfa-3333	3	37	explained	explain	VERB
ajfa-3333	3	38	by	by	ADP
ajfa-3333	3	39	causes	cause	NOUN
ajfa-3333	3	40	other	other	ADJ
ajfa-3333	3	41	than	than	ADP
ajfa-3333	3	42	fundamentals	fundamental	NOUN
ajfa-3333	3	43	.	.	PUNCT
ajfa-3333	4	1	we	we	PRON
ajfa-3333	4	2	test	test	VERB
ajfa-3333	4	3	the	the	DET
ajfa-3333	4	4	probability	probability	NOUN
ajfa-3333	4	5	of	of	ADP
ajfa-3333	4	6	the	the	DET
ajfa-3333	4	7	existence	existence	NOUN
ajfa-3333	4	8	of	of	ADP
ajfa-3333	4	9	bubbles	bubble	NOUN
ajfa-3333	4	10	and	and	CCONJ
ajfa-3333	4	11	herding	herding	NOUN
ajfa-3333	4	12	behaviors	behavior	NOUN
ajfa-3333	4	13	,	,	PUNCT
ajfa-3333	4	14	using	use	VERB
ajfa-3333	4	15	panel	panel	NOUN
ajfa-3333	4	16	data	datum	NOUN
ajfa-3333	4	17	from	from	ADP
ajfa-3333	4	18	2005	2005	NUM
ajfa-3333	4	19	2010	2010	NUM
ajfa-3333	4	20	in	in	ADP
ajfa-3333	4	21	tehran	tehran	PROPN
ajfa-3333	4	22	exchange	exchange	PROPN
ajfa-3333	4	23	securities	security	NOUN
ajfa-3333	4	24	.	.	PUNCT
ajfa-3333	5	1	the	the	DET
ajfa-3333	5	2	present	present	ADJ
ajfa-3333	5	3	research	research	NOUN
ajfa-3333	5	4	deals	deal	NOUN
ajfa-3333	5	5	with	with	ADP
ajfa-3333	5	6	two	two	NUM
ajfa-3333	5	7	major	major	ADJ
ajfa-3333	5	8	and	and	CCONJ
ajfa-3333	5	9	three	three	NUM
ajfa-3333	5	10	minor	minor	ADJ
ajfa-3333	5	11	hypotheses	hypothesis	NOUN
ajfa-3333	5	12	.	.	PUNCT
ajfa-3333	6	1	price	price	NOUN
ajfa-3333	6	2	variations	variation	NOUN
ajfa-3333	6	3	are	be	AUX
ajfa-3333	6	4	a	a	DET
ajfa-3333	6	5	dependent	dependent	ADJ
ajfa-3333	6	6	variable	variable	NOUN
ajfa-3333	6	7	in	in	ADP
ajfa-3333	6	8	all	all	DET
ajfa-3333	6	9	these	these	DET
ajfa-3333	6	10	hypotheses	hypothesis	NOUN
ajfa-3333	6	11	.	.	PUNCT
ajfa-3333	7	1	variations	variation	NOUN
ajfa-3333	7	2	of	of	ADP
ajfa-3333	7	3	incomes	income	NOUN
ajfa-3333	7	4	,	,	PUNCT
ajfa-3333	7	5	variations	variation	NOUN
ajfa-3333	7	6	of	of	ADP
ajfa-3333	7	7	debts	debt	NOUN
ajfa-3333	7	8	to	to	ADP
ajfa-3333	7	9	the	the	DET
ajfa-3333	7	10	shareholders	shareholder	NOUN
ajfa-3333	7	11	and	and	CCONJ
ajfa-3333	7	12	variations	variation	NOUN
ajfa-3333	7	13	of	of	ADP
ajfa-3333	7	14	monthly	monthly	ADJ
ajfa-3333	7	15	price	price	NOUN
ajfa-3333	7	16	fluctuations	fluctuation	NOUN
ajfa-3333	7	17	form	form	VERB
ajfa-3333	7	18	independent	independent	ADJ
ajfa-3333	7	19	variables	variable	NOUN
ajfa-3333	7	20	of	of	ADP
ajfa-3333	7	21	the	the	DET
ajfa-3333	7	22	minor	minor	ADJ
ajfa-3333	7	23	hypotheses	hypothesis	NOUN
ajfa-3333	7	24	respectively	respectively	ADV
ajfa-3333	7	25	.	.	PUNCT
ajfa-3333	8	1	our	our	PRON
ajfa-3333	8	2	results	result	NOUN
ajfa-3333	8	3	show	show	VERB
ajfa-3333	8	4	that	that	SCONJ
ajfa-3333	8	5	there	there	PRON
ajfa-3333	8	6	is	be	VERB
ajfa-3333	8	7	not	not	PART
ajfa-3333	8	8	significant	significant	ADJ
ajfa-3333	8	9	relation	relation	NOUN
ajfa-3333	8	10	between	between	ADP
ajfa-3333	8	11	stock	stock	NOUN
ajfa-3333	8	12	price	price	NOUN
ajfa-3333	8	13	changes	change	NOUN
ajfa-3333	8	14	and	and	CCONJ
ajfa-3333	8	15	fundamental	fundamental	ADJ
ajfa-3333	8	16	hangs	hang	NOUN
ajfa-3333	8	17	.	.	PUNCT
ajfa-3333	9	1	thus	thus	ADV
ajfa-3333	9	2	existence	existence	NOUN
ajfa-3333	9	3	of	of	ADP
ajfa-3333	9	4	bubble	bubble	NOUN
ajfa-3333	9	5	is	be	AUX
ajfa-3333	9	6	approved	approve	VERB
ajfa-3333	9	7	.	.	PUNCT
ajfa-3333	10	1	also	also	ADV
ajfa-3333	10	2	,	,	PUNCT
ajfa-3333	10	3	other	other	ADJ
ajfa-3333	10	4	findings	finding	NOUN
ajfa-3333	10	5	about	about	ADP
ajfa-3333	10	6	herding	herding	NOUN
ajfa-3333	10	7	behaviors	behavior	NOUN
ajfa-3333	10	8	indicate	indicate	VERB
ajfa-3333	10	9	that	that	SCONJ
ajfa-3333	10	10	there	there	PRON
ajfa-3333	10	11	is	be	VERB
ajfa-3333	10	12	significant	significant	ADJ
ajfa-3333	10	13	relation	relation	NOUN
ajfa-3333	10	14	between	between	ADP
ajfa-3333	10	15	stock	stock	NOUN
ajfa-3333	10	16	price	price	NOUN
ajfa-3333	10	17	changes	change	NOUN
ajfa-3333	10	18	and	and	CCONJ
ajfa-3333	10	19	changes	change	NOUN
ajfa-3333	10	20	in	in	ADP
ajfa-3333	10	21	herding	herd	VERB
ajfa-3333	10	22	behavior	behavior	NOUN
ajfa-3333	10	23	proxies	proxy	NOUN
ajfa-3333	10	24	.	.	PUNCT
ajfa-3333	11	1	keywords	keyword	NOUN
ajfa-3333	11	2	:	:	PUNCT
ajfa-3333	11	3	fundamental	fundamental	ADJ
ajfa-3333	11	4	variables	variable	NOUN
ajfa-3333	11	5	,	,	PUNCT
ajfa-3333	11	6	mass	mass	ADJ
ajfa-3333	11	7	behaviors	behavior	NOUN
ajfa-3333	11	8	,	,	PUNCT
ajfa-3333	11	9	stock	stock	NOUN
ajfa-3333	11	10	price	price	NOUN
ajfa-3333	11	11	asian	asian	ADJ
ajfa-3333	11	12	journal	journal	NOUN
ajfa-3333	11	13	of	of	ADP
ajfa-3333	11	14	finance	finance	PROPN
ajfa-3333	11	15	&	&	CCONJ
ajfa-3333	11	16	accounting	accounting	PROPN
ajfa-3333	11	17	issn	issn	PROPN
ajfa-3333	11	18	1946	1946	NUM
ajfa-3333	11	19	-	-	PUNCT
ajfa-3333	11	20	052x	052x	NOUN
ajfa-3333	11	21	2013	2013	NUM
ajfa-3333	11	22	,	,	PUNCT
ajfa-3333	11	23	vol	vol	NOUN
ajfa-3333	11	24	.	.	PROPN
ajfa-3333	11	25	5	5	NUM
ajfa-3333	11	26	,	,	PUNCT
ajfa-3333	11	27	no	no	INTJ
ajfa-3333	11	28	.	.	NOUN
ajfa-3333	11	29	1	1	NUM
ajfa-3333	11	30	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	11	31	276	276	NUM
ajfa-3333	11	32	1	1	NUM
ajfa-3333	11	33	.	.	PUNCT
ajfa-3333	12	1	introduction	introduction	NOUN
ajfa-3333	12	2	according	accord	VERB
ajfa-3333	12	3	to	to	ADP
ajfa-3333	12	4	the	the	DET
ajfa-3333	12	5	efficient	efficient	ADJ
ajfa-3333	12	6	-	-	PUNCT
ajfa-3333	12	7	market	market	NOUN
ajfa-3333	12	8	theory	theory	NOUN
ajfa-3333	13	1	,	,	PUNCT
ajfa-3333	13	2	the	the	DET
ajfa-3333	13	3	price	price	NOUN
ajfa-3333	13	4	of	of	ADP
ajfa-3333	13	5	securities	security	NOUN
ajfa-3333	13	6	reflects	reflect	VERB
ajfa-3333	13	7	instantly	instantly	ADV
ajfa-3333	13	8	all	all	PRON
ajfa-3333	13	9	related	related	ADJ
ajfa-3333	13	10	and	and	CCONJ
ajfa-3333	13	11	available	available	ADJ
ajfa-3333	13	12	information	information	NOUN
ajfa-3333	13	13	as	as	ADP
ajfa-3333	13	14	a	a	DET
ajfa-3333	13	15	whole	whole	NOUN
ajfa-3333	13	16	.	.	PUNCT
ajfa-3333	14	1	the	the	DET
ajfa-3333	14	2	efficient	efficient	ADJ
ajfa-3333	14	3	–	–	PUNCT
ajfa-3333	14	4	market	market	NOUN
ajfa-3333	14	5	hypothesis	hypothesis	NOUN
ajfa-3333	14	6	introduces	introduce	VERB
ajfa-3333	14	7	simply	simply	ADV
ajfa-3333	14	8	the	the	DET
ajfa-3333	14	9	effectiveness	effectiveness	NOUN
ajfa-3333	14	10	of	of	ADP
ajfa-3333	14	11	pricing	pricing	NOUN
ajfa-3333	14	12	process	process	NOUN
ajfa-3333	14	13	in	in	ADP
ajfa-3333	14	14	the	the	DET
ajfa-3333	14	15	stock	stock	NOUN
ajfa-3333	14	16	market	market	NOUN
ajfa-3333	14	17	.	.	PUNCT
ajfa-3333	15	1	therefore	therefore	ADV
ajfa-3333	15	2	,	,	PUNCT
ajfa-3333	15	3	the	the	DET
ajfa-3333	15	4	market	market	NOUN
ajfa-3333	15	5	value	value	NOUN
ajfa-3333	15	6	of	of	ADP
ajfa-3333	15	7	an	an	DET
ajfa-3333	15	8	asset	asset	NOUN
ajfa-3333	15	9	is	be	AUX
ajfa-3333	15	10	theoretically	theoretically	ADV
ajfa-3333	15	11	equal	equal	ADJ
ajfa-3333	15	12	to	to	ADP
ajfa-3333	15	13	the	the	DET
ajfa-3333	15	14	intrinsic	intrinsic	ADJ
ajfa-3333	15	15	or	or	CCONJ
ajfa-3333	15	16	fundamental	fundamental	ADJ
ajfa-3333	15	17	value	value	NOUN
ajfa-3333	15	18	of	of	ADP
ajfa-3333	15	19	the	the	DET
ajfa-3333	15	20	same	same	ADJ
ajfa-3333	15	21	asset	asset	NOUN
ajfa-3333	15	22	(	(	PUNCT
ajfa-3333	15	23	the	the	DET
ajfa-3333	15	24	present	present	ADJ
ajfa-3333	15	25	value	value	NOUN
ajfa-3333	15	26	of	of	ADP
ajfa-3333	15	27	assets	asset	NOUN
ajfa-3333	15	28	future	future	ADJ
ajfa-3333	15	29	cash	cash	NOUN
ajfa-3333	15	30	flow	flow	NOUN
ajfa-3333	15	31	)	)	PUNCT
ajfa-3333	15	32	.	.	PUNCT
ajfa-3333	16	1	in	in	ADP
ajfa-3333	16	2	an	an	DET
ajfa-3333	16	3	efficient	efficient	ADJ
ajfa-3333	16	4	market	market	NOUN
ajfa-3333	16	5	,	,	PUNCT
ajfa-3333	16	6	the	the	DET
ajfa-3333	16	7	price	price	NOUN
ajfa-3333	16	8	of	of	ADP
ajfa-3333	16	9	assets	asset	NOUN
ajfa-3333	16	10	changes	change	NOUN
ajfa-3333	16	11	in	in	ADP
ajfa-3333	16	12	response	response	NOUN
ajfa-3333	16	13	to	to	ADP
ajfa-3333	16	14	new	new	ADJ
ajfa-3333	16	15	information	information	NOUN
ajfa-3333	16	16	.	.	PUNCT
ajfa-3333	17	1	as	as	SCONJ
ajfa-3333	17	2	information	information	NOUN
ajfa-3333	17	3	enters	enter	VERB
ajfa-3333	17	4	randomly	randomly	ADV
ajfa-3333	17	5	to	to	ADP
ajfa-3333	17	6	market	market	NOUN
ajfa-3333	17	7	,	,	PUNCT
ajfa-3333	17	8	therefore	therefore	ADV
ajfa-3333	17	9	prices	price	NOUN
ajfa-3333	17	10	should	should	AUX
ajfa-3333	17	11	follow	follow	VERB
ajfa-3333	17	12	the	the	DET
ajfa-3333	17	13	notion	notion	NOUN
ajfa-3333	17	14	of	of	ADP
ajfa-3333	17	15	random	random	ADJ
ajfa-3333	17	16	walk	walk	NOUN
ajfa-3333	17	17	.	.	PUNCT
ajfa-3333	18	1	the	the	DET
ajfa-3333	18	2	theory	theory	NOUN
ajfa-3333	18	3	of	of	ADP
ajfa-3333	18	4	random	random	ADJ
ajfa-3333	18	5	walk	walk	NOUN
ajfa-3333	18	6	is	be	AUX
ajfa-3333	18	7	indeed	indeed	ADV
ajfa-3333	18	8	very	very	ADV
ajfa-3333	18	9	close	close	ADJ
ajfa-3333	18	10	to	to	ADP
ajfa-3333	18	11	the	the	DET
ajfa-3333	18	12	idea	idea	NOUN
ajfa-3333	18	13	of	of	ADP
ajfa-3333	18	14	efficient	efficient	ADJ
ajfa-3333	18	15	market	market	NOUN
ajfa-3333	18	16	.	.	PUNCT
ajfa-3333	19	1	this	this	DET
ajfa-3333	19	2	theory	theory	NOUN
ajfa-3333	19	3	argues	argue	VERB
ajfa-3333	19	4	that	that	SCONJ
ajfa-3333	19	5	the	the	DET
ajfa-3333	19	6	changes	change	NOUN
ajfa-3333	19	7	in	in	ADP
ajfa-3333	19	8	stock	stock	NOUN
ajfa-3333	19	9	price	price	NOUN
ajfa-3333	19	10	follow	follow	VERB
ajfa-3333	19	11	no	no	DET
ajfa-3333	19	12	pattern	pattern	NOUN
ajfa-3333	19	13	or	or	CCONJ
ajfa-3333	19	14	trend	trend	NOUN
ajfa-3333	19	15	,	,	PUNCT
ajfa-3333	19	16	thus	thus	ADV
ajfa-3333	19	17	,	,	PUNCT
ajfa-3333	19	18	the	the	DET
ajfa-3333	19	19	previous	previous	ADJ
ajfa-3333	19	20	trend	trend	NOUN
ajfa-3333	19	21	of	of	ADP
ajfa-3333	19	22	prices	price	NOUN
ajfa-3333	19	23	can	can	AUX
ajfa-3333	19	24	not	not	PART
ajfa-3333	19	25	be	be	AUX
ajfa-3333	19	26	used	use	VERB
ajfa-3333	19	27	to	to	PART
ajfa-3333	19	28	forecast	forecast	VERB
ajfa-3333	19	29	the	the	DET
ajfa-3333	19	30	future	future	ADJ
ajfa-3333	19	31	prices	price	NOUN
ajfa-3333	19	32	.	.	PUNCT
ajfa-3333	20	1	the	the	DET
ajfa-3333	20	2	theory	theory	NOUN
ajfa-3333	20	3	of	of	ADP
ajfa-3333	20	4	random	random	ADJ
ajfa-3333	20	5	walk	walk	NOUN
ajfa-3333	20	6	shall	shall	AUX
ajfa-3333	20	7	not	not	PART
ajfa-3333	20	8	mean	mean	VERB
ajfa-3333	20	9	that	that	SCONJ
ajfa-3333	20	10	prices	price	NOUN
ajfa-3333	20	11	changes	change	VERB
ajfa-3333	20	12	irrationally	irrationally	ADV
ajfa-3333	20	13	,	,	PUNCT
ajfa-3333	20	14	rather	rather	ADV
ajfa-3333	20	15	it	it	PRON
ajfa-3333	20	16	states	state	VERB
ajfa-3333	20	17	that	that	SCONJ
ajfa-3333	20	18	when	when	SCONJ
ajfa-3333	20	19	a	a	DET
ajfa-3333	20	20	huge	huge	ADJ
ajfa-3333	20	21	amount	amount	NOUN
ajfa-3333	20	22	of	of	ADP
ajfa-3333	20	23	information	information	NOUN
ajfa-3333	20	24	is	be	AUX
ajfa-3333	20	25	entered	enter	VERB
ajfa-3333	20	26	into	into	ADP
ajfa-3333	20	27	market	market	NOUN
ajfa-3333	20	28	,	,	PUNCT
ajfa-3333	20	29	all	all	DET
ajfa-3333	20	30	current	current	ADJ
ajfa-3333	20	31	news	news	NOUN
ajfa-3333	20	32	are	be	AUX
ajfa-3333	20	33	reflected	reflect	VERB
ajfa-3333	20	34	in	in	ADP
ajfa-3333	20	35	the	the	DET
ajfa-3333	20	36	ruling	rule	VERB
ajfa-3333	20	37	price	price	NOUN
ajfa-3333	20	38	of	of	ADP
ajfa-3333	20	39	stocks	stock	NOUN
ajfa-3333	20	40	.	.	PUNCT
ajfa-3333	21	1	the	the	DET
ajfa-3333	21	2	changes	change	NOUN
ajfa-3333	21	3	in	in	ADP
ajfa-3333	21	4	tomorrow	tomorrow	NOUN
ajfa-3333	21	5	’s	’s	PART
ajfa-3333	21	6	price	price	NOUN
ajfa-3333	21	7	only	only	ADV
ajfa-3333	21	8	reflect	reflect	VERB
ajfa-3333	21	9	the	the	DET
ajfa-3333	21	10	news	news	NOUN
ajfa-3333	21	11	of	of	ADP
ajfa-3333	21	12	tomorrow	tomorrow	NOUN
ajfa-3333	21	13	.	.	PUNCT
ajfa-3333	22	1	as	as	SCONJ
ajfa-3333	22	2	news	news	NOUN
ajfa-3333	22	3	is	be	AUX
ajfa-3333	22	4	random	random	ADJ
ajfa-3333	22	5	and	and	CCONJ
ajfa-3333	22	6	unpredictable	unpredictable	ADJ
ajfa-3333	22	7	,	,	PUNCT
ajfa-3333	22	8	therefore	therefore	ADV
ajfa-3333	22	9	,	,	PUNCT
ajfa-3333	22	10	changes	change	NOUN
ajfa-3333	22	11	of	of	ADP
ajfa-3333	22	12	price	price	NOUN
ajfa-3333	22	13	arising	arise	VERB
ajfa-3333	22	14	out	out	ADP
ajfa-3333	22	15	of	of	ADP
ajfa-3333	22	16	the	the	DET
ajfa-3333	22	17	dissemination	dissemination	NOUN
ajfa-3333	22	18	of	of	ADP
ajfa-3333	22	19	information	information	NOUN
ajfa-3333	22	20	must	must	AUX
ajfa-3333	22	21	happen	happen	VERB
ajfa-3333	22	22	randomly	randomly	ADV
ajfa-3333	22	23	and	and	CCONJ
ajfa-3333	22	24	unpredictably	unpredictably	ADV
ajfa-3333	22	25	(	(	PUNCT
ajfa-3333	22	26	hirschey	hirschey	NOUN
ajfa-3333	22	27	,	,	PUNCT
ajfa-3333	22	28	2003	2003	NUM
ajfa-3333	22	29	)	)	PUNCT
ajfa-3333	22	30	.	.	PUNCT
ajfa-3333	23	1	despite	despite	SCONJ
ajfa-3333	23	2	the	the	DET
ajfa-3333	23	3	theory	theory	NOUN
ajfa-3333	23	4	of	of	ADP
ajfa-3333	23	5	efficient	efficient	ADJ
ajfa-3333	23	6	market	market	NOUN
ajfa-3333	23	7	and	and	CCONJ
ajfa-3333	23	8	notion	notion	NOUN
ajfa-3333	23	9	of	of	ADP
ajfa-3333	23	10	random	random	ADJ
ajfa-3333	23	11	walk	walk	NOUN
ajfa-3333	23	12	,	,	PUNCT
ajfa-3333	23	13	market	market	NOUN
ajfa-3333	23	14	prices	price	NOUN
ajfa-3333	23	15	may	may	AUX
ajfa-3333	23	16	not	not	PART
ajfa-3333	23	17	always	always	ADV
ajfa-3333	23	18	indicate	indicate	VERB
ajfa-3333	23	19	the	the	DET
ajfa-3333	23	20	fundamental	fundamental	ADJ
ajfa-3333	23	21	values	value	NOUN
ajfa-3333	23	22	of	of	ADP
ajfa-3333	23	23	company	company	NOUN
ajfa-3333	23	24	,	,	PUNCT
ajfa-3333	23	25	which	which	PRON
ajfa-3333	23	26	are	be	AUX
ajfa-3333	23	27	regarded	regard	VERB
ajfa-3333	23	28	as	as	ADP
ajfa-3333	23	29	intrinsic	intrinsic	ADJ
ajfa-3333	23	30	values	value	NOUN
ajfa-3333	23	31	.	.	PUNCT
ajfa-3333	24	1	some	some	DET
ajfa-3333	24	2	scholars	scholar	NOUN
ajfa-3333	24	3	believe	believe	VERB
ajfa-3333	24	4	that	that	SCONJ
ajfa-3333	24	5	the	the	DET
ajfa-3333	24	6	fluctuation	fluctuation	NOUN
ajfa-3333	24	7	of	of	ADP
ajfa-3333	24	8	stock	stock	NOUN
ajfa-3333	24	9	price	price	NOUN
ajfa-3333	24	10	may	may	AUX
ajfa-3333	24	11	be	be	AUX
ajfa-3333	24	12	so	so	ADV
ajfa-3333	24	13	wide	wide	ADJ
ajfa-3333	24	14	that	that	SCONJ
ajfa-3333	24	15	it	it	PRON
ajfa-3333	24	16	can	can	AUX
ajfa-3333	24	17	not	not	PART
ajfa-3333	24	18	be	be	AUX
ajfa-3333	24	19	justified	justify	VERB
ajfa-3333	24	20	by	by	ADP
ajfa-3333	24	21	the	the	DET
ajfa-3333	24	22	changes	change	NOUN
ajfa-3333	24	23	in	in	ADP
ajfa-3333	24	24	fundamental	fundamental	ADJ
ajfa-3333	24	25	values	value	NOUN
ajfa-3333	24	26	.	.	PUNCT
ajfa-3333	25	1	although	although	SCONJ
ajfa-3333	25	2	they	they	PRON
ajfa-3333	25	3	acknowledge	acknowledge	VERB
ajfa-3333	25	4	that	that	SCONJ
ajfa-3333	25	5	the	the	DET
ajfa-3333	25	6	long	long	ADJ
ajfa-3333	25	7	-	-	PUNCT
ajfa-3333	25	8	term	term	NOUN
ajfa-3333	25	9	changes	change	NOUN
ajfa-3333	25	10	in	in	ADP
ajfa-3333	25	11	stock	stock	NOUN
ajfa-3333	25	12	price	price	NOUN
ajfa-3333	25	13	depend	depend	VERB
ajfa-3333	25	14	on	on	ADP
ajfa-3333	25	15	the	the	DET
ajfa-3333	25	16	changes	change	NOUN
ajfa-3333	25	17	in	in	ADP
ajfa-3333	25	18	market	market	NOUN
ajfa-3333	25	19	fundamental	fundamental	ADJ
ajfa-3333	25	20	values	value	NOUN
ajfa-3333	25	21	,	,	PUNCT
ajfa-3333	25	22	they	they	PRON
ajfa-3333	25	23	also	also	ADV
ajfa-3333	25	24	argue	argue	VERB
ajfa-3333	25	25	that	that	SCONJ
ajfa-3333	25	26	short	short	ADJ
ajfa-3333	25	27	-	-	PUNCT
ajfa-3333	25	28	term	term	NOUN
ajfa-3333	25	29	fluctuations	fluctuation	NOUN
ajfa-3333	25	30	shall	shall	AUX
ajfa-3333	25	31	be	be	AUX
ajfa-3333	25	32	analyzed	analyze	VERB
ajfa-3333	25	33	based	base	VERB
ajfa-3333	25	34	on	on	ADP
ajfa-3333	25	35	market	market	NOUN
ajfa-3333	25	36	psychology	psychology	NOUN
ajfa-3333	25	37	using	use	VERB
ajfa-3333	25	38	those	those	DET
ajfa-3333	25	39	events	event	NOUN
ajfa-3333	25	40	,	,	PUNCT
ajfa-3333	25	41	which	which	PRON
ajfa-3333	25	42	are	be	AUX
ajfa-3333	25	43	not	not	PART
ajfa-3333	25	44	in	in	ADP
ajfa-3333	25	45	direct	direct	ADJ
ajfa-3333	25	46	relation	relation	NOUN
ajfa-3333	25	47	with	with	ADP
ajfa-3333	25	48	the	the	DET
ajfa-3333	25	49	business	business	NOUN
ajfa-3333	25	50	perspective	perspective	NOUN
ajfa-3333	25	51	or	or	CCONJ
ajfa-3333	25	52	economic	economic	ADJ
ajfa-3333	25	53	conditions	condition	NOUN
ajfa-3333	25	54	(	(	PUNCT
ajfa-3333	25	55	harman	harman	NOUN
ajfa-3333	25	56	,	,	PUNCT
ajfa-3333	25	57	2000	2000	NUM
ajfa-3333	25	58	)	)	PUNCT
ajfa-3333	25	59	.	.	PUNCT
ajfa-3333	26	1	if	if	SCONJ
ajfa-3333	26	2	price	price	NOUN
ajfa-3333	26	3	changes	change	NOUN
ajfa-3333	26	4	can	can	AUX
ajfa-3333	26	5	not	not	PART
ajfa-3333	26	6	reflect	reflect	VERB
ajfa-3333	26	7	the	the	DET
ajfa-3333	26	8	changes	change	NOUN
ajfa-3333	26	9	in	in	ADP
ajfa-3333	26	10	the	the	DET
ajfa-3333	26	11	fundamental	fundamental	ADJ
ajfa-3333	26	12	value	value	NOUN
ajfa-3333	26	13	of	of	ADP
ajfa-3333	26	14	assets	asset	NOUN
ajfa-3333	26	15	,	,	PUNCT
ajfa-3333	26	16	price	price	NOUN
ajfa-3333	26	17	fluctuation	fluctuation	NOUN
ajfa-3333	26	18	may	may	AUX
ajfa-3333	26	19	be	be	AUX
ajfa-3333	26	20	due	due	ADJ
ajfa-3333	26	21	to	to	ADP
ajfa-3333	26	22	the	the	DET
ajfa-3333	26	23	existence	existence	NOUN
ajfa-3333	26	24	of	of	ADP
ajfa-3333	26	25	bubbles	bubble	NOUN
ajfa-3333	26	26	.	.	PUNCT
ajfa-3333	27	1	bubble	bubble	NOUN
ajfa-3333	27	2	is	be	AUX
ajfa-3333	27	3	that	that	PRON
ajfa-3333	27	4	part	part	NOUN
ajfa-3333	27	5	of	of	ADP
ajfa-3333	27	6	price	price	NOUN
ajfa-3333	27	7	,	,	PUNCT
ajfa-3333	27	8	which	which	PRON
ajfa-3333	27	9	is	be	AUX
ajfa-3333	27	10	not	not	PART
ajfa-3333	27	11	related	relate	VERB
ajfa-3333	27	12	to	to	ADP
ajfa-3333	27	13	the	the	DET
ajfa-3333	27	14	fundamental	fundamental	ADJ
ajfa-3333	27	15	values	value	NOUN
ajfa-3333	27	16	of	of	ADP
ajfa-3333	27	17	an	an	DET
ajfa-3333	27	18	asset	asset	NOUN
ajfa-3333	27	19	.	.	PUNCT
ajfa-3333	28	1	when	when	SCONJ
ajfa-3333	28	2	the	the	DET
ajfa-3333	28	3	price	price	NOUN
ajfa-3333	28	4	of	of	ADP
ajfa-3333	28	5	a	a	DET
ajfa-3333	28	6	share	share	NOUN
ajfa-3333	28	7	is	be	AUX
ajfa-3333	28	8	equal	equal	ADJ
ajfa-3333	28	9	to	to	ADP
ajfa-3333	28	10	the	the	DET
ajfa-3333	28	11	present	present	ADJ
ajfa-3333	28	12	value	value	NOUN
ajfa-3333	28	13	of	of	ADP
ajfa-3333	28	14	future	future	ADJ
ajfa-3333	28	15	cash	cash	NOUN
ajfa-3333	28	16	flow	flow	NOUN
ajfa-3333	28	17	of	of	ADP
ajfa-3333	28	18	the	the	DET
ajfa-3333	28	19	same	same	ADJ
ajfa-3333	28	20	share	share	NOUN
ajfa-3333	28	21	,	,	PUNCT
ajfa-3333	28	22	the	the	DET
ajfa-3333	28	23	bubble	bubble	NOUN
ajfa-3333	28	24	part	part	NOUN
ajfa-3333	28	25	of	of	ADP
ajfa-3333	28	26	that	that	DET
ajfa-3333	28	27	price	price	NOUN
ajfa-3333	28	28	is	be	AUX
ajfa-3333	28	29	equal	equal	ADJ
ajfa-3333	28	30	to	to	ADP
ajfa-3333	28	31	zero	zero	NUM
ajfa-3333	28	32	.	.	PUNCT
ajfa-3333	29	1	if	if	SCONJ
ajfa-3333	29	2	the	the	DET
ajfa-3333	29	3	price	price	NOUN
ajfa-3333	29	4	of	of	ADP
ajfa-3333	29	5	an	an	DET
ajfa-3333	29	6	asset	asset	NOUN
ajfa-3333	29	7	is	be	AUX
ajfa-3333	29	8	fully	fully	ADV
ajfa-3333	29	9	different	different	ADJ
ajfa-3333	29	10	from	from	ADP
ajfa-3333	29	11	its	its	PRON
ajfa-3333	29	12	fundamental	fundamental	ADJ
ajfa-3333	29	13	value	value	NOUN
ajfa-3333	29	14	,	,	PUNCT
ajfa-3333	29	15	the	the	DET
ajfa-3333	29	16	bubble	bubble	NOUN
ajfa-3333	29	17	part	part	NOUN
ajfa-3333	29	18	of	of	ADP
ajfa-3333	29	19	its	its	PRON
ajfa-3333	29	20	price	price	NOUN
ajfa-3333	29	21	is	be	AUX
ajfa-3333	29	22	more	more	ADJ
ajfa-3333	29	23	than	than	ADP
ajfa-3333	29	24	the	the	DET
ajfa-3333	29	25	intrinsic	intrinsic	ADJ
ajfa-3333	29	26	value	value	NOUN
ajfa-3333	29	27	(	(	PUNCT
ajfa-3333	29	28	gonzales	gonzale	NOUN
ajfa-3333	29	29	,	,	PUNCT
ajfa-3333	29	30	2004	2004	NUM
ajfa-3333	29	31	)	)	PUNCT
ajfa-3333	29	32	.	.	PUNCT
ajfa-3333	30	1	the	the	DET
ajfa-3333	30	2	term	term	NOUN
ajfa-3333	30	3	“	"	PUNCT
ajfa-3333	30	4	speculative	speculative	ADJ
ajfa-3333	30	5	bubble	bubble	NOUN
ajfa-3333	30	6	”	"	PUNCT
ajfa-3333	30	7	is	be	AUX
ajfa-3333	30	8	used	use	VERB
ajfa-3333	30	9	to	to	PART
ajfa-3333	30	10	describe	describe	VERB
ajfa-3333	30	11	the	the	DET
ajfa-3333	30	12	other	other	ADJ
ajfa-3333	30	13	’s	’s	PART
ajfa-3333	30	14	evaluation	evaluation	NOUN
ajfa-3333	30	15	of	of	ADP
ajfa-3333	30	16	market	market	NOUN
ajfa-3333	30	17	following	follow	VERB
ajfa-3333	30	18	market	market	NOUN
ajfa-3333	30	19	drop	drop	NOUN
ajfa-3333	30	20	.	.	PUNCT
ajfa-3333	31	1	these	these	DET
ajfa-3333	31	2	bubbles	bubble	NOUN
ajfa-3333	31	3	are	be	AUX
ajfa-3333	31	4	emerged	emerge	VERB
ajfa-3333	31	5	when	when	SCONJ
ajfa-3333	31	6	assets	asset	NOUN
ajfa-3333	31	7	are	be	AUX
ajfa-3333	31	8	evaluated	evaluate	VERB
ajfa-3333	31	9	above	above	ADP
ajfa-3333	31	10	their	their	PRON
ajfa-3333	31	11	intrinsic	intrinsic	ADJ
ajfa-3333	31	12	value	value	NOUN
ajfa-3333	31	13	.	.	PUNCT
ajfa-3333	32	1	in	in	ADP
ajfa-3333	32	2	this	this	DET
ajfa-3333	32	3	condition	condition	NOUN
ajfa-3333	32	4	,	,	PUNCT
ajfa-3333	32	5	markets	market	NOUN
ajfa-3333	32	6	are	be	AUX
ajfa-3333	32	7	vulnerable	vulnerable	ADJ
ajfa-3333	32	8	and	and	CCONJ
ajfa-3333	32	9	relatively	relatively	ADV
ajfa-3333	32	10	bad	bad	ADJ
ajfa-3333	32	11	news	news	NOUN
ajfa-3333	32	12	may	may	AUX
ajfa-3333	32	13	cause	cause	VERB
ajfa-3333	32	14	a	a	DET
ajfa-3333	32	15	wave	wave	NOUN
ajfa-3333	32	16	of	of	ADP
ajfa-3333	32	17	stock	stock	NOUN
ajfa-3333	32	18	sales	sale	NOUN
ajfa-3333	32	19	.	.	PUNCT
ajfa-3333	33	1	because	because	SCONJ
ajfa-3333	33	2	of	of	ADP
ajfa-3333	33	3	such	such	DET
ajfa-3333	33	4	an	an	DET
ajfa-3333	33	5	oversupply	oversupply	ADJ
ajfa-3333	33	6	,	,	PUNCT
ajfa-3333	33	7	considerable	considerable	ADJ
ajfa-3333	33	8	fluctuation	fluctuation	NOUN
ajfa-3333	33	9	may	may	AUX
ajfa-3333	33	10	be	be	AUX
ajfa-3333	33	11	produced	produce	VERB
ajfa-3333	33	12	in	in	ADP
ajfa-3333	33	13	prices	price	NOUN
ajfa-3333	33	14	.	.	PUNCT
ajfa-3333	34	1	such	such	DET
ajfa-3333	34	2	a	a	DET
ajfa-3333	34	3	high	high	ADJ
ajfa-3333	34	4	fluctuation	fluctuation	NOUN
ajfa-3333	34	5	cause	cause	VERB
ajfa-3333	34	6	that	that	SCONJ
ajfa-3333	34	7	investors	investor	NOUN
ajfa-3333	34	8	lose	lose	VERB
ajfa-3333	34	9	their	their	PRON
ajfa-3333	34	10	confidence	confidence	NOUN
ajfa-3333	34	11	,	,	PUNCT
ajfa-3333	34	12	capital	capital	NOUN
ajfa-3333	34	13	costs	cost	NOUN
ajfa-3333	34	14	increase	increase	NOUN
ajfa-3333	34	15	,	,	PUNCT
ajfa-3333	34	16	stock	stock	NOUN
ajfa-3333	34	17	price	price	NOUN
ajfa-3333	34	18	decreases	decrease	NOUN
ajfa-3333	34	19	,	,	PUNCT
ajfa-3333	34	20	investment	investment	NOUN
ajfa-3333	34	21	projects	project	NOUN
ajfa-3333	34	22	reduces	reduce	VERB
ajfa-3333	34	23	,	,	PUNCT
ajfa-3333	34	24	and	and	CCONJ
ajfa-3333	34	25	at	at	ADP
ajfa-3333	34	26	worst	bad	ADJ
ajfa-3333	34	27	,	,	PUNCT
ajfa-3333	34	28	economic	economic	ADJ
ajfa-3333	34	29	growth	growth	NOUN
ajfa-3333	34	30	slows	slow	VERB
ajfa-3333	34	31	down	down	ADP
ajfa-3333	34	32	.	.	PUNCT
ajfa-3333	35	1	in	in	ADP
ajfa-3333	35	2	some	some	DET
ajfa-3333	35	3	cases	case	NOUN
ajfa-3333	35	4	,	,	PUNCT
ajfa-3333	35	5	this	this	DET
ajfa-3333	35	6	crisis	crisis	NOUN
ajfa-3333	35	7	may	may	AUX
ajfa-3333	35	8	be	be	AUX
ajfa-3333	35	9	transferred	transfer	VERB
ajfa-3333	35	10	to	to	ADP
ajfa-3333	35	11	other	other	ADJ
ajfa-3333	35	12	economic	economic	ADJ
ajfa-3333	35	13	sectors	sector	NOUN
ajfa-3333	35	14	and	and	CCONJ
ajfa-3333	35	15	even	even	ADV
ajfa-3333	35	16	to	to	ADP
ajfa-3333	35	17	other	other	ADJ
ajfa-3333	35	18	countries	country	NOUN
ajfa-3333	35	19	(	(	PUNCT
ajfa-3333	35	20	gonzales	gonzale	NOUN
ajfa-3333	35	21	,	,	PUNCT
ajfa-3333	35	22	2004	2004	NUM
ajfa-3333	35	23	)	)	PUNCT
ajfa-3333	35	24	.	.	PUNCT
ajfa-3333	36	1	2	2	X
ajfa-3333	36	2	.	.	X
ajfa-3333	36	3	theoretical	theoretical	ADJ
ajfa-3333	36	4	framework	framework	NOUN
ajfa-3333	36	5	and	and	CCONJ
ajfa-3333	36	6	research	research	NOUN
ajfa-3333	36	7	literature	literature	NOUN
ajfa-3333	36	8	the	the	DET
ajfa-3333	36	9	results	result	NOUN
ajfa-3333	36	10	of	of	ADP
ajfa-3333	36	11	a	a	DET
ajfa-3333	36	12	research	research	NOUN
ajfa-3333	36	13	carried	carry	VERB
ajfa-3333	36	14	out	out	ADP
ajfa-3333	36	15	by	by	ADP
ajfa-3333	36	16	johnson	johnson	PROPN
ajfa-3333	36	17	,	,	PUNCT
ajfa-3333	36	18	lindblom	lindblom	NOUN
ajfa-3333	36	19	,	,	PUNCT
ajfa-3333	36	20	and	and	CCONJ
ajfa-3333	36	21	platan	platan	ADJ
ajfa-3333	36	22	in	in	ADP
ajfa-3333	36	23	2002	2002	NUM
ajfa-3333	36	24	on	on	ADP
ajfa-3333	36	25	the	the	DET
ajfa-3333	36	26	bubbles	bubble	NOUN
ajfa-3333	36	27	asian	asian	ADJ
ajfa-3333	36	28	journal	journal	NOUN
ajfa-3333	36	29	of	of	ADP
ajfa-3333	36	30	finance	finance	PROPN
ajfa-3333	36	31	&	&	CCONJ
ajfa-3333	36	32	accounting	accounting	PROPN
ajfa-3333	36	33	issn	issn	PROPN
ajfa-3333	36	34	1946	1946	NUM
ajfa-3333	36	35	-	-	PUNCT
ajfa-3333	36	36	052x	052x	NOUN
ajfa-3333	36	37	2013	2013	NUM
ajfa-3333	36	38	,	,	PUNCT
ajfa-3333	36	39	vol	vol	NOUN
ajfa-3333	36	40	.	.	PROPN
ajfa-3333	36	41	5	5	NUM
ajfa-3333	36	42	,	,	PUNCT
ajfa-3333	36	43	no	no	INTJ
ajfa-3333	36	44	.	.	NOUN
ajfa-3333	36	45	1	1	NUM
ajfa-3333	36	46	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	36	47	277	277	NUM
ajfa-3333	36	48	of	of	ADP
ajfa-3333	36	49	it	it	PRON
ajfa-3333	36	50	companies	company	NOUN
ajfa-3333	36	51	in	in	ADP
ajfa-3333	36	52	1990s	1990s	NUM
ajfa-3333	36	53	showed	show	VERB
ajfa-3333	36	54	that	that	SCONJ
ajfa-3333	36	55	the	the	DET
ajfa-3333	36	56	behavior	behavior	NOUN
ajfa-3333	36	57	of	of	ADP
ajfa-3333	36	58	market	market	NOUN
ajfa-3333	36	59	members	member	NOUN
ajfa-3333	36	60	has	have	AUX
ajfa-3333	36	61	been	be	AUX
ajfa-3333	36	62	to	to	ADP
ajfa-3333	36	63	some	some	DET
ajfa-3333	36	64	extent	extent	NOUN
ajfa-3333	36	65	irrational	irrational	ADJ
ajfa-3333	36	66	and	and	CCONJ
ajfa-3333	36	67	the	the	DET
ajfa-3333	36	68	combination	combination	NOUN
ajfa-3333	36	69	of	of	ADP
ajfa-3333	36	70	investments	investment	NOUN
ajfa-3333	36	71	had	have	VERB
ajfa-3333	36	72	a	a	DET
ajfa-3333	36	73	change	change	NOUN
ajfa-3333	36	74	because	because	SCONJ
ajfa-3333	36	75	of	of	ADP
ajfa-3333	36	76	the	the	DET
ajfa-3333	36	77	existence	existence	NOUN
ajfa-3333	36	78	of	of	ADP
ajfa-3333	36	79	speculative	speculative	ADJ
ajfa-3333	36	80	bubble	bubble	NOUN
ajfa-3333	36	81	.	.	PUNCT
ajfa-3333	37	1	the	the	DET
ajfa-3333	37	2	results	result	NOUN
ajfa-3333	37	3	of	of	ADP
ajfa-3333	37	4	this	this	DET
ajfa-3333	37	5	research	research	NOUN
ajfa-3333	37	6	show	show	VERB
ajfa-3333	37	7	that	that	SCONJ
ajfa-3333	37	8	herd	herd	NOUN
ajfa-3333	37	9	behavior	behavior	NOUN
ajfa-3333	37	10	has	have	AUX
ajfa-3333	37	11	been	be	AUX
ajfa-3333	37	12	an	an	DET
ajfa-3333	37	13	important	important	ADJ
ajfa-3333	37	14	factor	factor	NOUN
ajfa-3333	37	15	in	in	ADP
ajfa-3333	37	16	high	high	ADJ
ajfa-3333	37	17	prices	price	NOUN
ajfa-3333	37	18	of	of	ADP
ajfa-3333	37	19	stocks	stock	NOUN
ajfa-3333	37	20	and	and	CCONJ
ajfa-3333	37	21	reduction	reduction	NOUN
ajfa-3333	37	22	of	of	ADP
ajfa-3333	37	23	prices	price	NOUN
ajfa-3333	37	24	(	(	PUNCT
ajfa-3333	37	25	cited	cite	VERB
ajfa-3333	37	26	in	in	ADP
ajfa-3333	37	27	fadainezhad	fadainezhad	PROPN
ajfa-3333	37	28	&	&	CCONJ
ajfa-3333	37	29	eshghi	eshghi	PROPN
ajfa-3333	37	30	,	,	PUNCT
ajfa-3333	37	31	2006	2006	NUM
ajfa-3333	37	32	)	)	PUNCT
ajfa-3333	37	33	.	.	PUNCT
ajfa-3333	38	1	shiller	shiller	PROPN
ajfa-3333	38	2	and	and	CCONJ
ajfa-3333	38	3	pound	pound	PROPN
ajfa-3333	38	4	(	(	PUNCT
ajfa-3333	38	5	1989	1989	NUM
ajfa-3333	38	6	)	)	PUNCT
ajfa-3333	38	7	have	have	AUX
ajfa-3333	38	8	provided	provide	VERB
ajfa-3333	38	9	evidences	evidence	NOUN
ajfa-3333	38	10	consistent	consistent	ADJ
ajfa-3333	38	11	with	with	ADP
ajfa-3333	38	12	the	the	DET
ajfa-3333	38	13	existence	existence	NOUN
ajfa-3333	38	14	of	of	ADP
ajfa-3333	38	15	herd	herd	NOUN
ajfa-3333	38	16	behavior	behavior	NOUN
ajfa-3333	38	17	in	in	ADP
ajfa-3333	38	18	stock	stock	NOUN
ajfa-3333	38	19	market	market	NOUN
ajfa-3333	38	20	.	.	PUNCT
ajfa-3333	39	1	they	they	PRON
ajfa-3333	39	2	studied	study	VERB
ajfa-3333	39	3	institutional	institutional	ADJ
ajfa-3333	39	4	investors	investor	NOUN
ajfa-3333	39	5	to	to	PART
ajfa-3333	39	6	identify	identify	VERB
ajfa-3333	39	7	the	the	DET
ajfa-3333	39	8	factors	factor	NOUN
ajfa-3333	39	9	involved	involve	VERB
ajfa-3333	39	10	in	in	ADP
ajfa-3333	39	11	their	their	PRON
ajfa-3333	39	12	decisions	decision	NOUN
ajfa-3333	39	13	made	make	VERB
ajfa-3333	39	14	for	for	ADP
ajfa-3333	39	15	the	the	DET
ajfa-3333	39	16	purchase	purchase	NOUN
ajfa-3333	39	17	of	of	ADP
ajfa-3333	39	18	special	special	ADJ
ajfa-3333	39	19	stock	stock	NOUN
ajfa-3333	39	20	.	.	PUNCT
ajfa-3333	40	1	the	the	DET
ajfa-3333	40	2	results	result	NOUN
ajfa-3333	40	3	show	show	VERB
ajfa-3333	40	4	that	that	SCONJ
ajfa-3333	40	5	the	the	DET
ajfa-3333	40	6	encouragement	encouragement	NOUN
ajfa-3333	40	7	of	of	ADP
ajfa-3333	40	8	others	other	NOUN
ajfa-3333	40	9	(	(	PUNCT
ajfa-3333	40	10	professionals	professional	NOUN
ajfa-3333	40	11	,	,	PUNCT
ajfa-3333	40	12	fund	fund	NOUN
ajfa-3333	40	13	managers	manager	NOUN
ajfa-3333	40	14	,	,	PUNCT
ajfa-3333	40	15	etc	etc	X
ajfa-3333	40	16	)	)	PUNCT
ajfa-3333	40	17	people	people	NOUN
ajfa-3333	40	18	are	be	AUX
ajfa-3333	40	19	deceived	deceive	VERB
ajfa-3333	40	20	to	to	PART
ajfa-3333	40	21	purchase	purchase	VERB
ajfa-3333	40	22	stocks	stock	NOUN
ajfa-3333	40	23	with	with	ADP
ajfa-3333	40	24	risen	risen	ADJ
ajfa-3333	40	25	price	price	NOUN
ajfa-3333	40	26	.	.	PUNCT
ajfa-3333	41	1	banerjee	banerjee	PROPN
ajfa-3333	41	2	(	(	PUNCT
ajfa-3333	41	3	1992	1992	NUM
ajfa-3333	41	4	)	)	PUNCT
ajfa-3333	41	5	has	have	AUX
ajfa-3333	41	6	also	also	ADV
ajfa-3333	41	7	found	find	VERB
ajfa-3333	41	8	that	that	SCONJ
ajfa-3333	41	9	stock	stock	NOUN
ajfa-3333	41	10	market	market	NOUN
ajfa-3333	41	11	investors	investor	NOUN
ajfa-3333	41	12	ignore	ignore	VERB
ajfa-3333	41	13	their	their	PRON
ajfa-3333	41	14	own	own	ADJ
ajfa-3333	41	15	information	information	NOUN
ajfa-3333	41	16	,	,	PUNCT
ajfa-3333	41	17	and	and	CCONJ
ajfa-3333	41	18	make	make	VERB
ajfa-3333	41	19	their	their	PRON
ajfa-3333	41	20	decisions	decision	NOUN
ajfa-3333	41	21	based	base	VERB
ajfa-3333	41	22	on	on	ADP
ajfa-3333	41	23	the	the	DET
ajfa-3333	41	24	strategies	strategy	NOUN
ajfa-3333	41	25	of	of	ADP
ajfa-3333	41	26	others	other	NOUN
ajfa-3333	41	27	.	.	PUNCT
ajfa-3333	42	1	christie	christie	PROPN
ajfa-3333	42	2	and	and	CCONJ
ajfa-3333	42	3	huang	huang	PROPN
ajfa-3333	42	4	(	(	PUNCT
ajfa-3333	42	5	1995	1995	NUM
ajfa-3333	42	6	)	)	PUNCT
ajfa-3333	42	7	found	find	VERB
ajfa-3333	42	8	that	that	SCONJ
ajfa-3333	42	9	dispersion	dispersion	NOUN
ajfa-3333	42	10	increases	increase	VERB
ajfa-3333	42	11	significantly	significantly	ADV
ajfa-3333	42	12	during	during	ADP
ajfa-3333	42	13	the	the	DET
ajfa-3333	42	14	periods	period	NOUN
ajfa-3333	42	15	of	of	ADP
ajfa-3333	42	16	increase	increase	NOUN
ajfa-3333	42	17	in	in	ADP
ajfa-3333	42	18	the	the	DET
ajfa-3333	42	19	absolute	absolute	ADJ
ajfa-3333	42	20	value	value	NOUN
ajfa-3333	42	21	of	of	ADP
ajfa-3333	42	22	prices	price	NOUN
ajfa-3333	42	23	.	.	PUNCT
ajfa-3333	43	1	they	they	PRON
ajfa-3333	43	2	concluded	conclude	VERB
ajfa-3333	43	3	that	that	SCONJ
ajfa-3333	43	4	these	these	DET
ajfa-3333	43	5	results	result	NOUN
ajfa-3333	43	6	are	be	AUX
ajfa-3333	43	7	consistent	consistent	ADJ
ajfa-3333	43	8	with	with	ADP
ajfa-3333	43	9	rational	rational	ADJ
ajfa-3333	43	10	pricing	pricing	NOUN
ajfa-3333	43	11	and	and	CCONJ
ajfa-3333	43	12	inconsistent	inconsistent	ADJ
ajfa-3333	43	13	with	with	ADP
ajfa-3333	43	14	herd	herd	NOUN
ajfa-3333	43	15	behavior	behavior	NOUN
ajfa-3333	43	16	,	,	PUNCT
ajfa-3333	43	17	since	since	SCONJ
ajfa-3333	43	18	rational	rational	ADJ
ajfa-3333	43	19	pricing	pricing	NOUN
ajfa-3333	43	20	patterns	pattern	NOUN
ajfa-3333	43	21	forecast	forecast	VERB
ajfa-3333	43	22	that	that	SCONJ
ajfa-3333	43	23	more	more	ADJ
ajfa-3333	43	24	increase	increase	NOUN
ajfa-3333	43	25	in	in	ADP
ajfa-3333	43	26	the	the	DET
ajfa-3333	43	27	changes	change	NOUN
ajfa-3333	43	28	of	of	ADP
ajfa-3333	43	29	market	market	NOUN
ajfa-3333	43	30	return	return	NOUN
ajfa-3333	43	31	is	be	AUX
ajfa-3333	43	32	itself	itself	PRON
ajfa-3333	43	33	a	a	DET
ajfa-3333	43	34	change	change	NOUN
ajfa-3333	43	35	in	in	ADP
ajfa-3333	43	36	dispersion	dispersion	NOUN
ajfa-3333	43	37	increase	increase	NOUN
ajfa-3333	43	38	.	.	PUNCT
ajfa-3333	44	1	shiller	shiller	PROPN
ajfa-3333	44	2	(	(	PUNCT
ajfa-3333	44	3	1981	1981	NUM
ajfa-3333	44	4	)	)	PUNCT
ajfa-3333	44	5	has	have	AUX
ajfa-3333	44	6	provided	provide	VERB
ajfa-3333	44	7	a	a	DET
ajfa-3333	44	8	test	test	NOUN
ajfa-3333	44	9	to	to	PART
ajfa-3333	44	10	determine	determine	VERB
ajfa-3333	44	11	if	if	SCONJ
ajfa-3333	44	12	prices	price	NOUN
ajfa-3333	44	13	can	can	AUX
ajfa-3333	44	14	reflect	reflect	VERB
ajfa-3333	44	15	fundamental	fundamental	ADJ
ajfa-3333	44	16	changes	change	NOUN
ajfa-3333	44	17	.	.	PUNCT
ajfa-3333	45	1	in	in	ADP
ajfa-3333	45	2	this	this	DET
ajfa-3333	45	3	test	test	NOUN
ajfa-3333	45	4	called	call	VERB
ajfa-3333	45	5	variance	variance	NOUN
ajfa-3333	45	6	bound	bind	VERB
ajfa-3333	45	7	test	test	NOUN
ajfa-3333	45	8	,	,	PUNCT
ajfa-3333	45	9	the	the	DET
ajfa-3333	45	10	changes	change	NOUN
ajfa-3333	45	11	in	in	ADP
ajfa-3333	45	12	stock	stock	NOUN
ajfa-3333	45	13	price	price	NOUN
ajfa-3333	45	14	are	be	AUX
ajfa-3333	45	15	compared	compare	VERB
ajfa-3333	45	16	with	with	ADP
ajfa-3333	45	17	the	the	DET
ajfa-3333	45	18	changes	change	NOUN
ajfa-3333	45	19	in	in	ADP
ajfa-3333	45	20	the	the	DET
ajfa-3333	45	21	fundamental	fundamental	ADJ
ajfa-3333	45	22	values	value	NOUN
ajfa-3333	45	23	of	of	ADP
ajfa-3333	45	24	assets	asset	NOUN
ajfa-3333	45	25	.	.	PUNCT
ajfa-3333	46	1	it	it	PRON
ajfa-3333	46	2	supposes	suppose	VERB
ajfa-3333	46	3	that	that	SCONJ
ajfa-3333	46	4	the	the	DET
ajfa-3333	46	5	current	current	ADJ
ajfa-3333	46	6	fundamental	fundamental	ADJ
ajfa-3333	46	7	stock	stock	NOUN
ajfa-3333	46	8	price	price	NOUN
ajfa-3333	46	9	depends	depend	VERB
ajfa-3333	46	10	on	on	ADP
ajfa-3333	46	11	the	the	DET
ajfa-3333	46	12	future	future	ADJ
ajfa-3333	46	13	dividends	dividend	NOUN
ajfa-3333	46	14	of	of	ADP
ajfa-3333	46	15	that	that	DET
ajfa-3333	46	16	stock	stock	NOUN
ajfa-3333	46	17	,	,	PUNCT
ajfa-3333	46	18	which	which	PRON
ajfa-3333	46	19	have	have	AUX
ajfa-3333	46	20	been	be	AUX
ajfa-3333	46	21	adjusted	adjust	VERB
ajfa-3333	46	22	with	with	ADP
ajfa-3333	46	23	one	one	NUM
ajfa-3333	46	24	discount	discount	NOUN
ajfa-3333	46	25	rate	rate	NOUN
ajfa-3333	46	26	.	.	PUNCT
ajfa-3333	47	1	therefore	therefore	ADV
ajfa-3333	47	2	,	,	PUNCT
ajfa-3333	47	3	ruling	rule	VERB
ajfa-3333	47	4	price	price	NOUN
ajfa-3333	47	5	is	be	AUX
ajfa-3333	47	6	a	a	DET
ajfa-3333	47	7	predictor	predictor	NOUN
ajfa-3333	47	8	(	(	PUNCT
ajfa-3333	47	9	an	an	DET
ajfa-3333	47	10	estimator	estimator	NOUN
ajfa-3333	47	11	)	)	PUNCT
ajfa-3333	47	12	of	of	ADP
ajfa-3333	47	13	future	future	ADJ
ajfa-3333	47	14	return	return	NOUN
ajfa-3333	47	15	.	.	PUNCT
ajfa-3333	48	1	if	if	SCONJ
ajfa-3333	48	2	the	the	DET
ajfa-3333	48	3	market	market	NOUN
ajfa-3333	48	4	price	price	NOUN
ajfa-3333	48	5	is	be	AUX
ajfa-3333	48	6	consistent	consistent	ADJ
ajfa-3333	48	7	with	with	ADP
ajfa-3333	48	8	the	the	DET
ajfa-3333	48	9	market	market	NOUN
ajfa-3333	48	10	fundamental	fundamental	ADJ
ajfa-3333	48	11	variables	variable	NOUN
ajfa-3333	48	12	,	,	PUNCT
ajfa-3333	48	13	stock	stock	NOUN
ajfa-3333	48	14	price	price	NOUN
ajfa-3333	48	15	shall	shall	AUX
ajfa-3333	48	16	be	be	AUX
ajfa-3333	48	17	equal	equal	ADJ
ajfa-3333	48	18	to	to	ADP
ajfa-3333	48	19	the	the	DET
ajfa-3333	48	20	market	market	NOUN
ajfa-3333	48	21	fundamental	fundamental	ADJ
ajfa-3333	48	22	values	value	NOUN
ajfa-3333	48	23	,	,	PUNCT
ajfa-3333	48	24	and	and	CCONJ
ajfa-3333	48	25	the	the	DET
ajfa-3333	48	26	estimated	estimate	VERB
ajfa-3333	48	27	fluctuation	fluctuation	NOUN
ajfa-3333	48	28	of	of	ADP
ajfa-3333	48	29	cash	cash	NOUN
ajfa-3333	48	30	flows	flow	NOUN
ajfa-3333	48	31	(	(	PUNCT
ajfa-3333	48	32	fundamental	fundamental	ADJ
ajfa-3333	48	33	prices	price	NOUN
ajfa-3333	48	34	)	)	PUNCT
ajfa-3333	48	35	is	be	AUX
ajfa-3333	48	36	less	less	ADJ
ajfa-3333	48	37	than	than	ADP
ajfa-3333	48	38	that	that	PRON
ajfa-3333	48	39	of	of	ADP
ajfa-3333	48	40	actual	actual	ADJ
ajfa-3333	48	41	cash	cash	NOUN
ajfa-3333	48	42	flows	flow	VERB
ajfa-3333	48	43	fluctuations	fluctuation	NOUN
ajfa-3333	48	44	(	(	PUNCT
ajfa-3333	48	45	return	return	NOUN
ajfa-3333	48	46	)	)	PUNCT
ajfa-3333	48	47	.	.	PUNCT
ajfa-3333	49	1	shiller	shiller	PROPN
ajfa-3333	49	2	extracted	extract	VERB
ajfa-3333	49	3	prices	price	NOUN
ajfa-3333	49	4	and	and	CCONJ
ajfa-3333	49	5	dividends	dividend	NOUN
ajfa-3333	49	6	of	of	ADP
ajfa-3333	49	7	s&p	s&p	PROPN
ajfa-3333	49	8	500	500	NUM
ajfa-3333	49	9	index	index	NOUN
ajfa-3333	49	10	to	to	PART
ajfa-3333	49	11	show	show	VERB
ajfa-3333	49	12	that	that	SCONJ
ajfa-3333	49	13	the	the	DET
ajfa-3333	49	14	fluctuation	fluctuation	NOUN
ajfa-3333	49	15	of	of	ADP
ajfa-3333	49	16	stock	stock	NOUN
ajfa-3333	49	17	price	price	NOUN
ajfa-3333	49	18	is	be	AUX
ajfa-3333	49	19	considerably	considerably	ADV
ajfa-3333	49	20	more	more	ADJ
ajfa-3333	49	21	than	than	ADP
ajfa-3333	49	22	the	the	DET
ajfa-3333	49	23	fluctuation	fluctuation	NOUN
ajfa-3333	49	24	of	of	ADP
ajfa-3333	49	25	present	present	ADJ
ajfa-3333	49	26	value	value	NOUN
ajfa-3333	49	27	of	of	ADP
ajfa-3333	49	28	dividends	dividend	NOUN
ajfa-3333	49	29	;	;	PUNCT
ajfa-3333	49	30	therefore	therefore	ADV
ajfa-3333	49	31	,	,	PUNCT
ajfa-3333	49	32	dividends	dividend	NOUN
ajfa-3333	49	33	can	can	AUX
ajfa-3333	49	34	not	not	PART
ajfa-3333	49	35	be	be	AUX
ajfa-3333	49	36	the	the	DET
ajfa-3333	49	37	reasons	reason	NOUN
ajfa-3333	49	38	of	of	ADP
ajfa-3333	49	39	changes	change	NOUN
ajfa-3333	49	40	in	in	ADP
ajfa-3333	49	41	stock	stock	NOUN
ajfa-3333	49	42	price	price	NOUN
ajfa-3333	49	43	.	.	PUNCT
ajfa-3333	50	1	tirole	tirole	PROPN
ajfa-3333	50	2	(	(	PUNCT
ajfa-3333	50	3	1985	1985	NUM
ajfa-3333	50	4	)	)	PUNCT
ajfa-3333	50	5	provided	provide	VERB
ajfa-3333	50	6	a	a	DET
ajfa-3333	50	7	model	model	NOUN
ajfa-3333	50	8	,	,	PUNCT
ajfa-3333	50	9	in	in	ADP
ajfa-3333	50	10	which	which	PRON
ajfa-3333	50	11	the	the	DET
ajfa-3333	50	12	fundamental	fundamental	ADJ
ajfa-3333	50	13	value	value	NOUN
ajfa-3333	50	14	of	of	ADP
ajfa-3333	50	15	an	an	DET
ajfa-3333	50	16	asset	asset	NOUN
ajfa-3333	50	17	is	be	AUX
ajfa-3333	50	18	equal	equal	ADJ
ajfa-3333	50	19	to	to	ADP
ajfa-3333	50	20	the	the	DET
ajfa-3333	50	21	present	present	ADJ
ajfa-3333	50	22	value	value	NOUN
ajfa-3333	50	23	of	of	ADP
ajfa-3333	50	24	the	the	DET
ajfa-3333	50	25	future	future	ADJ
ajfa-3333	50	26	return	return	NOUN
ajfa-3333	50	27	of	of	ADP
ajfa-3333	50	28	that	that	DET
ajfa-3333	50	29	asset	asset	NOUN
ajfa-3333	50	30	,	,	PUNCT
ajfa-3333	50	31	discounted	discount	VERB
ajfa-3333	50	32	using	use	VERB
ajfa-3333	50	33	a	a	DET
ajfa-3333	50	34	constant	constant	ADJ
ajfa-3333	50	35	rate	rate	NOUN
ajfa-3333	50	36	.	.	PUNCT
ajfa-3333	51	1	therefore	therefore	ADV
ajfa-3333	51	2	,	,	PUNCT
ajfa-3333	51	3	if	if	SCONJ
ajfa-3333	51	4	the	the	DET
ajfa-3333	51	5	price	price	NOUN
ajfa-3333	51	6	of	of	ADP
ajfa-3333	51	7	an	an	DET
ajfa-3333	51	8	asset	asset	NOUN
ajfa-3333	51	9	is	be	AUX
ajfa-3333	51	10	more	more	ADJ
ajfa-3333	51	11	that	that	SCONJ
ajfa-3333	51	12	the	the	DET
ajfa-3333	51	13	market	market	NOUN
ajfa-3333	51	14	fundamental	fundamental	ADJ
ajfa-3333	51	15	value	value	NOUN
ajfa-3333	51	16	,	,	PUNCT
ajfa-3333	51	17	it	it	PRON
ajfa-3333	51	18	is	be	AUX
ajfa-3333	51	19	said	say	VERB
ajfa-3333	51	20	that	that	SCONJ
ajfa-3333	51	21	there	there	PRON
ajfa-3333	51	22	is	be	VERB
ajfa-3333	51	23	bubbles	bubble	NOUN
ajfa-3333	51	24	.	.	PUNCT
ajfa-3333	52	1	this	this	DET
ajfa-3333	52	2	model	model	NOUN
ajfa-3333	52	3	is	be	AUX
ajfa-3333	52	4	a	a	DET
ajfa-3333	52	5	general	general	ADJ
ajfa-3333	52	6	equilibrium	equilibrium	NOUN
ajfa-3333	52	7	considering	consider	VERB
ajfa-3333	52	8	an	an	DET
ajfa-3333	52	9	unlimited	unlimited	ADJ
ajfa-3333	52	10	sequence	sequence	NOUN
ajfa-3333	52	11	of	of	ADP
ajfa-3333	52	12	overlapping	overlap	VERB
ajfa-3333	52	13	generations	generation	NOUN
ajfa-3333	52	14	with	with	ADP
ajfa-3333	52	15	limited	limited	ADJ
ajfa-3333	52	16	horizons	horizon	NOUN
ajfa-3333	52	17	of	of	ADP
ajfa-3333	52	18	investment	investment	NOUN
ajfa-3333	52	19	.	.	PUNCT
ajfa-3333	53	1	the	the	DET
ajfa-3333	53	2	researcher	researcher	NOUN
ajfa-3333	53	3	shows	show	VERB
ajfa-3333	53	4	that	that	SCONJ
ajfa-3333	53	5	as	as	ADV
ajfa-3333	53	6	long	long	ADV
ajfa-3333	53	7	as	as	SCONJ
ajfa-3333	53	8	the	the	DET
ajfa-3333	53	9	rate	rate	NOUN
ajfa-3333	53	10	of	of	ADP
ajfa-3333	53	11	economic	economic	ADJ
ajfa-3333	53	12	growth	growth	NOUN
ajfa-3333	53	13	is	be	AUX
ajfa-3333	53	14	greater	great	ADJ
ajfa-3333	53	15	or	or	CCONJ
ajfa-3333	53	16	equal	equal	ADJ
ajfa-3333	53	17	to	to	ADP
ajfa-3333	53	18	the	the	DET
ajfa-3333	53	19	expected	expect	VERB
ajfa-3333	53	20	return	return	NOUN
ajfa-3333	53	21	rate	rate	NOUN
ajfa-3333	53	22	of	of	ADP
ajfa-3333	53	23	assets	asset	NOUN
ajfa-3333	53	24	,	,	PUNCT
ajfa-3333	53	25	the	the	DET
ajfa-3333	53	26	emergence	emergence	NOUN
ajfa-3333	53	27	of	of	ADP
ajfa-3333	53	28	bubbles	bubble	NOUN
ajfa-3333	53	29	is	be	AUX
ajfa-3333	53	30	possible	possible	ADJ
ajfa-3333	53	31	.	.	PUNCT
ajfa-3333	54	1	allen	allen	PROPN
ajfa-3333	54	2	and	and	CCONJ
ajfa-3333	54	3	gorton	gorton	PROPN
ajfa-3333	54	4	(	(	PUNCT
ajfa-3333	54	5	1988	1988	NUM
ajfa-3333	54	6	)	)	PUNCT
ajfa-3333	54	7	used	use	VERB
ajfa-3333	54	8	a	a	DET
ajfa-3333	54	9	short	short	ADJ
ajfa-3333	54	10	-	-	PUNCT
ajfa-3333	54	11	term	term	NOUN
ajfa-3333	54	12	model	model	NOUN
ajfa-3333	54	13	,	,	PUNCT
ajfa-3333	54	14	in	in	ADP
ajfa-3333	54	15	which	which	PRON
ajfa-3333	54	16	bubbles	bubble	NOUN
ajfa-3333	54	17	were	be	AUX
ajfa-3333	54	18	expected	expect	VERB
ajfa-3333	54	19	to	to	PART
ajfa-3333	54	20	appear	appear	VERB
ajfa-3333	54	21	.	.	PUNCT
ajfa-3333	55	1	to	to	PART
ajfa-3333	55	2	study	study	VERB
ajfa-3333	55	3	the	the	DET
ajfa-3333	55	4	growth	growth	NOUN
ajfa-3333	55	5	of	of	ADP
ajfa-3333	55	6	market	market	NOUN
ajfa-3333	55	7	fundamental	fundamental	ADJ
ajfa-3333	55	8	variables	variable	NOUN
ajfa-3333	55	9	and	and	CCONJ
ajfa-3333	55	10	stock	stock	NOUN
ajfa-3333	55	11	prices	price	NOUN
ajfa-3333	55	12	,	,	PUNCT
ajfa-3333	55	13	they	they	PRON
ajfa-3333	55	14	tested	test	VERB
ajfa-3333	55	15	the	the	DET
ajfa-3333	55	16	time	time	NOUN
ajfa-3333	55	17	-	-	PUNCT
ajfa-3333	55	18	series	series	NOUN
ajfa-3333	55	19	reliability	reliability	NOUN
ajfa-3333	55	20	of	of	ADP
ajfa-3333	55	21	prices	price	NOUN
ajfa-3333	55	22	and	and	CCONJ
ajfa-3333	55	23	dividends	dividend	NOUN
ajfa-3333	55	24	.	.	PUNCT
ajfa-3333	56	1	in	in	ADP
ajfa-3333	56	2	case	case	NOUN
ajfa-3333	56	3	any	any	DET
ajfa-3333	56	4	trend	trend	NOUN
ajfa-3333	56	5	is	be	AUX
ajfa-3333	56	6	observed	observe	VERB
ajfa-3333	56	7	in	in	ADP
ajfa-3333	56	8	price	price	NOUN
ajfa-3333	56	9	or	or	CCONJ
ajfa-3333	56	10	dividends	dividend	NOUN
ajfa-3333	56	11	,	,	PUNCT
ajfa-3333	56	12	the	the	DET
ajfa-3333	56	13	series	series	NOUN
ajfa-3333	56	14	were	be	AUX
ajfa-3333	56	15	subtracted	subtract	VERB
ajfa-3333	56	16	.	.	PUNCT
ajfa-3333	57	1	diba	diba	PROPN
ajfa-3333	57	2	and	and	CCONJ
ajfa-3333	57	3	grossman	grossman	PROPN
ajfa-3333	57	4	(	(	PUNCT
ajfa-3333	57	5	1988	1988	NUM
ajfa-3333	57	6	)	)	PUNCT
ajfa-3333	57	7	introduced	introduce	VERB
ajfa-3333	57	8	tests	test	NOUN
ajfa-3333	57	9	based	base	VERB
ajfa-3333	57	10	on	on	ADP
ajfa-3333	57	11	the	the	DET
ajfa-3333	57	12	reliability	reliability	NOUN
ajfa-3333	57	13	of	of	ADP
ajfa-3333	57	14	the	the	DET
ajfa-3333	57	15	characteristics	characteristic	NOUN
ajfa-3333	57	16	of	of	ADP
ajfa-3333	57	17	stock	stock	NOUN
ajfa-3333	57	18	prices	price	NOUN
ajfa-3333	57	19	and	and	CCONJ
ajfa-3333	57	20	dividends	dividend	NOUN
ajfa-3333	57	21	.	.	PUNCT
ajfa-3333	58	1	the	the	DET
ajfa-3333	58	2	general	general	ADJ
ajfa-3333	58	3	idea	idea	NOUN
ajfa-3333	58	4	of	of	ADP
ajfa-3333	58	5	this	this	DET
ajfa-3333	58	6	test	test	NOUN
ajfa-3333	58	7	,	,	PUNCT
ajfa-3333	58	8	called	call	VERB
ajfa-3333	58	9	co	co	NOUN
ajfa-3333	58	10	-	-	NOUN
ajfa-3333	58	11	integration	integration	NOUN
ajfa-3333	58	12	text	text	NOUN
ajfa-3333	58	13	,	,	PUNCT
ajfa-3333	58	14	states	state	VERB
ajfa-3333	58	15	that	that	SCONJ
ajfa-3333	58	16	it	it	PRON
ajfa-3333	58	17	can	can	AUX
ajfa-3333	58	18	be	be	AUX
ajfa-3333	58	19	evaluated	evaluate	VERB
ajfa-3333	58	20	if	if	SCONJ
ajfa-3333	58	21	the	the	DET
ajfa-3333	58	22	changes	change	NOUN
ajfa-3333	58	23	in	in	ADP
ajfa-3333	58	24	stock	stock	NOUN
ajfa-3333	58	25	price	price	NOUN
ajfa-3333	58	26	are	be	AUX
ajfa-3333	58	27	consistent	consistent	ADJ
ajfa-3333	58	28	with	with	ADP
ajfa-3333	58	29	the	the	DET
ajfa-3333	58	30	changes	change	NOUN
ajfa-3333	58	31	in	in	ADP
ajfa-3333	58	32	fundamental	fundamental	ADJ
ajfa-3333	58	33	variables	variable	NOUN
ajfa-3333	58	34	by	by	ADP
ajfa-3333	58	35	asking	ask	VERB
ajfa-3333	58	36	if	if	SCONJ
ajfa-3333	58	37	their	their	PRON
ajfa-3333	58	38	growth	growth	NOUN
ajfa-3333	58	39	rates	rate	NOUN
ajfa-3333	58	40	are	be	AUX
ajfa-3333	58	41	comparable	comparable	ADJ
ajfa-3333	58	42	.	.	PUNCT
ajfa-3333	59	1	if	if	SCONJ
ajfa-3333	59	2	market	market	NOUN
ajfa-3333	59	3	fundamental	fundamental	ADJ
ajfa-3333	59	4	variables	variable	NOUN
ajfa-3333	59	5	grow	grow	VERB
ajfa-3333	59	6	slower	slow	ADJ
ajfa-3333	59	7	than	than	ADP
ajfa-3333	59	8	the	the	DET
ajfa-3333	59	9	asset	asset	NOUN
ajfa-3333	59	10	price	price	NOUN
ajfa-3333	59	11	do	do	AUX
ajfa-3333	59	12	,	,	PUNCT
ajfa-3333	59	13	it	it	PRON
ajfa-3333	59	14	is	be	AUX
ajfa-3333	59	15	said	say	VERB
ajfa-3333	59	16	that	that	SCONJ
ajfa-3333	59	17	stock	stock	NOUN
ajfa-3333	59	18	price	price	NOUN
ajfa-3333	59	19	has	have	VERB
ajfa-3333	59	20	bubble	bubble	NOUN
ajfa-3333	59	21	part	part	NOUN
ajfa-3333	59	22	(	(	PUNCT
ajfa-3333	59	23	gonzales	gonzale	NOUN
ajfa-3333	59	24	,	,	PUNCT
ajfa-3333	59	25	2000	2000	NUM
ajfa-3333	59	26	)	)	PUNCT
ajfa-3333	59	27	.	.	PUNCT
ajfa-3333	60	1	diba	diba	PROPN
ajfa-3333	60	2	and	and	CCONJ
ajfa-3333	60	3	grossman	grossman	PROPN
ajfa-3333	60	4	test	test	PROPN
ajfa-3333	60	5	(	(	PUNCT
ajfa-3333	60	6	1988	1988	NUM
ajfa-3333	60	7	)	)	PUNCT
ajfa-3333	60	8	is	be	AUX
ajfa-3333	60	9	based	base	VERB
ajfa-3333	60	10	on	on	ADP
ajfa-3333	60	11	the	the	DET
ajfa-3333	60	12	theoretical	theoretical	ADJ
ajfa-3333	60	13	conclusion	conclusion	NOUN
ajfa-3333	60	14	that	that	SCONJ
ajfa-3333	60	15	in	in	ADP
ajfa-3333	60	16	case	case	NOUN
ajfa-3333	60	17	there	there	PRON
ajfa-3333	60	18	is	be	VERB
ajfa-3333	60	19	a	a	DET
ajfa-3333	60	20	bubble	bubble	NOUN
ajfa-3333	60	21	,	,	PUNCT
ajfa-3333	60	22	time	time	NOUN
ajfa-3333	60	23	series	series	PROPN
ajfa-3333	60	24	obtained	obtain	VERB
ajfa-3333	60	25	from	from	ADP
ajfa-3333	60	26	subtracting	subtract	VERB
ajfa-3333	60	27	must	must	AUX
ajfa-3333	60	28	have	have	VERB
ajfa-3333	60	29	an	an	DET
ajfa-3333	60	30	unreliable	unreliable	ADJ
ajfa-3333	60	31	mean	mean	NOUN
ajfa-3333	60	32	.	.	PUNCT
ajfa-3333	61	1	diba	diba	PROPN
ajfa-3333	61	2	and	and	CCONJ
ajfa-3333	61	3	grossman	grossman	PROPN
ajfa-3333	61	4	argue	argue	VERB
ajfa-3333	61	5	that	that	SCONJ
ajfa-3333	61	6	the	the	DET
ajfa-3333	61	7	actual	actual	ADJ
ajfa-3333	61	8	stock	stock	NOUN
ajfa-3333	61	9	asian	asian	PROPN
ajfa-3333	61	10	journal	journal	PROPN
ajfa-3333	61	11	of	of	ADP
ajfa-3333	61	12	finance	finance	PROPN
ajfa-3333	61	13	&	&	CCONJ
ajfa-3333	61	14	accounting	accounting	PROPN
ajfa-3333	61	15	issn	issn	PROPN
ajfa-3333	61	16	1946	1946	NUM
ajfa-3333	61	17	-	-	PUNCT
ajfa-3333	61	18	052x	052x	NOUN
ajfa-3333	61	19	2013	2013	NUM
ajfa-3333	61	20	,	,	PUNCT
ajfa-3333	61	21	vol	vol	NOUN
ajfa-3333	61	22	.	.	PROPN
ajfa-3333	61	23	5	5	NUM
ajfa-3333	61	24	,	,	PUNCT
ajfa-3333	61	25	no	no	INTJ
ajfa-3333	61	26	.	.	NOUN
ajfa-3333	61	27	1	1	NUM
ajfa-3333	61	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	61	29	278	278	NUM
ajfa-3333	61	30	price	price	NOUN
ajfa-3333	61	31	and	and	CCONJ
ajfa-3333	61	32	actual	actual	ADJ
ajfa-3333	61	33	dividends	dividend	NOUN
ajfa-3333	61	34	co	co	NOUN
ajfa-3333	61	35	-	-	NOUN
ajfa-3333	61	36	integrates	integrate	NOUN
ajfa-3333	61	37	.	.	PUNCT
ajfa-3333	62	1	they	they	PRON
ajfa-3333	62	2	believe	believe	VERB
ajfa-3333	62	3	that	that	SCONJ
ajfa-3333	62	4	any	any	DET
ajfa-3333	62	5	deviation	deviation	NOUN
ajfa-3333	62	6	from	from	ADP
ajfa-3333	62	7	fundamental	fundamental	ADJ
ajfa-3333	62	8	values	value	NOUN
ajfa-3333	62	9	is	be	AUX
ajfa-3333	62	10	the	the	DET
ajfa-3333	62	11	result	result	NOUN
ajfa-3333	62	12	of	of	ADP
ajfa-3333	62	13	the	the	DET
ajfa-3333	62	14	variables	variable	NOUN
ajfa-3333	62	15	having	have	VERB
ajfa-3333	62	16	reliable	reliable	ADJ
ajfa-3333	62	17	mean	mean	NOUN
ajfa-3333	62	18	.	.	PUNCT
ajfa-3333	63	1	therefore	therefore	ADV
ajfa-3333	63	2	,	,	PUNCT
ajfa-3333	63	3	they	they	PRON
ajfa-3333	63	4	did	do	AUX
ajfa-3333	63	5	not	not	PART
ajfa-3333	63	6	reject	reject	VERB
ajfa-3333	63	7	the	the	DET
ajfa-3333	63	8	hypothesis	hypothesis	NOUN
ajfa-3333	63	9	of	of	ADP
ajfa-3333	63	10	the	the	DET
ajfa-3333	63	11	consistence	consistence	NOUN
ajfa-3333	63	12	of	of	ADP
ajfa-3333	63	13	prices	price	NOUN
ajfa-3333	63	14	with	with	ADP
ajfa-3333	63	15	fundamental	fundamental	ADJ
ajfa-3333	63	16	variables	variable	NOUN
ajfa-3333	63	17	(	(	PUNCT
ajfa-3333	63	18	diba	diba	PROPN
ajfa-3333	63	19	&	&	CCONJ
ajfa-3333	63	20	grossman	grossman	PROPN
ajfa-3333	63	21	,	,	PUNCT
ajfa-3333	63	22	1988	1988	NUM
ajfa-3333	63	23	)	)	PUNCT
ajfa-3333	63	24	.	.	PUNCT
ajfa-3333	64	1	mcqueen	mcqueen	PROPN
ajfa-3333	64	2	and	and	CCONJ
ajfa-3333	64	3	thorley	thorley	PROPN
ajfa-3333	64	4	(	(	PUNCT
ajfa-3333	64	5	1994	1994	NUM
ajfa-3333	64	6	):	):	PUNCT
ajfa-3333	64	7	this	this	DET
ajfa-3333	64	8	method	method	NOUN
ajfa-3333	64	9	tests	test	VERB
ajfa-3333	64	10	rational	rational	ADJ
ajfa-3333	64	11	speculative	speculative	ADJ
ajfa-3333	64	12	bubbles	bubble	NOUN
ajfa-3333	64	13	,	,	PUNCT
ajfa-3333	64	14	when	when	SCONJ
ajfa-3333	64	15	investors	investor	NOUN
ajfa-3333	64	16	are	be	AUX
ajfa-3333	64	17	informed	inform	VERB
ajfa-3333	64	18	of	of	ADP
ajfa-3333	64	19	the	the	DET
ajfa-3333	64	20	existence	existence	NOUN
ajfa-3333	64	21	of	of	ADP
ajfa-3333	64	22	bubbles	bubble	NOUN
ajfa-3333	64	23	,	,	PUNCT
ajfa-3333	64	24	but	but	CCONJ
ajfa-3333	64	25	they	they	PRON
ajfa-3333	64	26	also	also	ADV
ajfa-3333	64	27	think	think	VERB
ajfa-3333	64	28	that	that	SCONJ
ajfa-3333	64	29	prices	price	NOUN
ajfa-3333	64	30	may	may	AUX
ajfa-3333	64	31	increase	increase	VERB
ajfa-3333	64	32	further	far	ADV
ajfa-3333	64	33	more	more	ADV
ajfa-3333	64	34	.	.	PUNCT
ajfa-3333	65	1	mcqueen	mcqueen	PROPN
ajfa-3333	65	2	and	and	CCONJ
ajfa-3333	65	3	thorley	thorley	PROPN
ajfa-3333	65	4	assume	assume	VERB
ajfa-3333	65	5	that	that	SCONJ
ajfa-3333	65	6	if	if	SCONJ
ajfa-3333	65	7	prices	price	NOUN
ajfa-3333	65	8	have	have	VERB
ajfa-3333	65	9	bubbles	bubble	NOUN
ajfa-3333	65	10	,	,	PUNCT
ajfa-3333	65	11	the	the	DET
ajfa-3333	65	12	runs	run	NOUN
ajfa-3333	65	13	of	of	ADP
ajfa-3333	65	14	abnormal	abnormal	ADJ
ajfa-3333	65	15	positive	positive	ADJ
ajfa-3333	65	16	return	return	NOUN
ajfa-3333	65	17	will	will	AUX
ajfa-3333	65	18	have	have	VERB
ajfa-3333	65	19	duration	duration	NOUN
ajfa-3333	65	20	dependence	dependence	NOUN
ajfa-3333	65	21	,	,	PUNCT
ajfa-3333	65	22	i.e.	i.e.	X
ajfa-3333	65	23	any	any	DET
ajfa-3333	65	24	increase	increase	NOUN
ajfa-3333	65	25	in	in	ADP
ajfa-3333	65	26	the	the	DET
ajfa-3333	65	27	length	length	NOUN
ajfa-3333	65	28	of	of	ADP
ajfa-3333	65	29	run	run	NOUN
ajfa-3333	65	30	reduces	reduce	VERB
ajfa-3333	65	31	the	the	DET
ajfa-3333	65	32	probability	probability	NOUN
ajfa-3333	65	33	of	of	ADP
ajfa-3333	65	34	ending	end	VERB
ajfa-3333	65	35	an	an	DET
ajfa-3333	65	36	abnormal	abnormal	ADJ
ajfa-3333	65	37	positive	positive	ADJ
ajfa-3333	65	38	return	return	NOUN
ajfa-3333	65	39	runs	run	NOUN
ajfa-3333	65	40	(	(	PUNCT
ajfa-3333	65	41	the	the	DET
ajfa-3333	65	42	inverse	inverse	NOUN
ajfa-3333	65	43	relation	relation	NOUN
ajfa-3333	65	44	between	between	ADP
ajfa-3333	65	45	the	the	DET
ajfa-3333	65	46	probability	probability	NOUN
ajfa-3333	65	47	of	of	ADP
ajfa-3333	65	48	a	a	DET
ajfa-3333	65	49	run	run	NOUN
ajfa-3333	65	50	ending	ending	NOUN
ajfa-3333	65	51	and	and	CCONJ
ajfa-3333	65	52	the	the	DET
ajfa-3333	65	53	length	length	NOUN
ajfa-3333	65	54	of	of	ADP
ajfa-3333	65	55	the	the	DET
ajfa-3333	65	56	same	same	ADJ
ajfa-3333	65	57	run	run	NOUN
ajfa-3333	65	58	is	be	AUX
ajfa-3333	65	59	called	call	VERB
ajfa-3333	65	60	duration	duration	NOUN
ajfa-3333	65	61	dependence	dependence	NOUN
ajfa-3333	65	62	)	)	PUNCT
ajfa-3333	65	63	(	(	PUNCT
ajfa-3333	65	64	fadainezhad	fadainezhad	NOUN
ajfa-3333	65	65	and	and	CCONJ
ajfa-3333	65	66	eshghi	eshghi	NOUN
ajfa-3333	65	67	,	,	PUNCT
ajfa-3333	65	68	2006	2006	NUM
ajfa-3333	65	69	)	)	PUNCT
ajfa-3333	65	70	.	.	PUNCT
ajfa-3333	66	1	chirinko	chirinko	PROPN
ajfa-3333	66	2	and	and	CCONJ
ajfa-3333	66	3	schaller	schaller	NOUN
ajfa-3333	66	4	(	(	PUNCT
ajfa-3333	66	5	1996	1996	NUM
ajfa-3333	66	6	)	)	PUNCT
ajfa-3333	66	7	accept	accept	VERB
ajfa-3333	66	8	based	base	VERB
ajfa-3333	66	9	on	on	ADP
ajfa-3333	66	10	the	the	DET
ajfa-3333	66	11	data	datum	NOUN
ajfa-3333	66	12	of	of	ADP
ajfa-3333	66	13	1911	1911	NUM
ajfa-3333	66	14	until	until	ADP
ajfa-3333	66	15	1987	1987	NUM
ajfa-3333	66	16	that	that	SCONJ
ajfa-3333	66	17	there	there	PRON
ajfa-3333	66	18	are	be	VERB
ajfa-3333	66	19	bubbles	bubble	NOUN
ajfa-3333	66	20	,	,	PUNCT
ajfa-3333	66	21	but	but	CCONJ
ajfa-3333	66	22	the	the	DET
ajfa-3333	66	23	actual	actual	ADJ
ajfa-3333	66	24	decisions	decision	NOUN
ajfa-3333	66	25	for	for	ADP
ajfa-3333	66	26	investment	investment	NOUN
ajfa-3333	66	27	are	be	AUX
ajfa-3333	66	28	made	make	VERB
ajfa-3333	66	29	based	base	VERB
ajfa-3333	66	30	on	on	ADP
ajfa-3333	66	31	fundamental	fundamental	ADJ
ajfa-3333	66	32	variables	variable	NOUN
ajfa-3333	66	33	.	.	PUNCT
ajfa-3333	67	1	in	in	ADP
ajfa-3333	67	2	most	most	ADJ
ajfa-3333	67	3	tests	test	NOUN
ajfa-3333	67	4	mentioned	mention	VERB
ajfa-3333	67	5	above	above	ADV
ajfa-3333	67	6	,	,	PUNCT
ajfa-3333	67	7	the	the	DET
ajfa-3333	67	8	null	null	ADJ
ajfa-3333	67	9	hypothesis	hypothesis	NOUN
ajfa-3333	67	10	states	state	VERB
ajfa-3333	67	11	that	that	SCONJ
ajfa-3333	67	12	there	there	PRON
ajfa-3333	67	13	are	be	VERB
ajfa-3333	67	14	bubbles	bubble	NOUN
ajfa-3333	67	15	,	,	PUNCT
ajfa-3333	67	16	and	and	CCONJ
ajfa-3333	67	17	it	it	PRON
ajfa-3333	67	18	is	be	AUX
ajfa-3333	67	19	tried	try	VERB
ajfa-3333	67	20	to	to	PART
ajfa-3333	67	21	reject	reject	VERB
ajfa-3333	67	22	the	the	DET
ajfa-3333	67	23	nonexistence	nonexistence	NOUN
ajfa-3333	67	24	of	of	ADP
ajfa-3333	67	25	bubbles	bubble	NOUN
ajfa-3333	67	26	using	use	VERB
ajfa-3333	67	27	alternative	alternative	ADJ
ajfa-3333	67	28	hypothesis	hypothesis	NOUN
ajfa-3333	67	29	.	.	PUNCT
ajfa-3333	68	1	in	in	ADP
ajfa-3333	68	2	these	these	DET
ajfa-3333	68	3	models	model	NOUN
ajfa-3333	68	4	,	,	PUNCT
ajfa-3333	68	5	the	the	DET
ajfa-3333	68	6	empirical	empirical	ADJ
ajfa-3333	68	7	relation	relation	NOUN
ajfa-3333	68	8	between	between	ADP
ajfa-3333	68	9	fundamental	fundamental	ADJ
ajfa-3333	68	10	variables	variable	NOUN
ajfa-3333	68	11	and	and	CCONJ
ajfa-3333	68	12	dividends	dividend	NOUN
ajfa-3333	68	13	is	be	AUX
ajfa-3333	68	14	tested	test	VERB
ajfa-3333	68	15	.	.	PUNCT
ajfa-3333	69	1	o’connell	o’connell	INTJ
ajfa-3333	69	2	and	and	CCONJ
ajfa-3333	69	3	zeldes	zelde	NOUN
ajfa-3333	69	4	(	(	PUNCT
ajfa-3333	69	5	1998	1998	NUM
ajfa-3333	69	6	)	)	PUNCT
ajfa-3333	69	7	the	the	DET
ajfa-3333	69	8	difference	difference	NOUN
ajfa-3333	69	9	of	of	ADP
ajfa-3333	69	10	their	their	PRON
ajfa-3333	69	11	model	model	NOUN
ajfa-3333	69	12	with	with	ADP
ajfa-3333	69	13	tirole	tirole	PROPN
ajfa-3333	69	14	’s	’s	PART
ajfa-3333	69	15	model	model	NOUN
ajfa-3333	69	16	is	be	AUX
ajfa-3333	69	17	that	that	SCONJ
ajfa-3333	69	18	this	this	DET
ajfa-3333	69	19	model	model	NOUN
ajfa-3333	69	20	contains	contain	VERB
ajfa-3333	69	21	asset	asset	NOUN
ajfa-3333	69	22	holders	holder	NOUN
ajfa-3333	69	23	with	with	ADP
ajfa-3333	69	24	unlimited	unlimited	ADJ
ajfa-3333	69	25	planning	planning	NOUN
ajfa-3333	69	26	horizon	horizon	NOUN
ajfa-3333	69	27	.	.	PUNCT
ajfa-3333	70	1	anyhow	anyhow	ADV
ajfa-3333	70	2	,	,	PUNCT
ajfa-3333	70	3	bubbles	bubble	NOUN
ajfa-3333	70	4	grow	grow	VERB
ajfa-3333	70	5	exponentially	exponentially	ADV
ajfa-3333	70	6	with	with	ADP
ajfa-3333	70	7	a	a	DET
ajfa-3333	70	8	rate	rate	NOUN
ajfa-3333	70	9	equal	equal	ADJ
ajfa-3333	70	10	to	to	ADP
ajfa-3333	70	11	the	the	DET
ajfa-3333	70	12	expected	expect	VERB
ajfa-3333	70	13	return	return	NOUN
ajfa-3333	70	14	rate	rate	NOUN
ajfa-3333	70	15	.	.	PUNCT
ajfa-3333	71	1	this	this	PRON
ajfa-3333	71	2	is	be	AUX
ajfa-3333	71	3	because	because	SCONJ
ajfa-3333	71	4	speculators	speculator	NOUN
ajfa-3333	71	5	keep	keep	VERB
ajfa-3333	71	6	an	an	DET
ajfa-3333	71	7	expensive	expensive	ADJ
ajfa-3333	71	8	asset	asset	NOUN
ajfa-3333	71	9	only	only	ADV
ajfa-3333	71	10	when	when	SCONJ
ajfa-3333	71	11	they	they	PRON
ajfa-3333	71	12	expect	expect	VERB
ajfa-3333	71	13	that	that	SCONJ
ajfa-3333	71	14	this	this	DET
ajfa-3333	71	15	asset	asset	NOUN
ajfa-3333	71	16	will	will	AUX
ajfa-3333	71	17	be	be	AUX
ajfa-3333	71	18	priced	price	VERB
ajfa-3333	71	19	higher	higher	ADV
ajfa-3333	71	20	in	in	ADP
ajfa-3333	71	21	the	the	DET
ajfa-3333	71	22	future	future	NOUN
ajfa-3333	71	23	.	.	PUNCT
ajfa-3333	72	1	harman	harman	PROPN
ajfa-3333	72	2	(	(	PUNCT
ajfa-3333	72	3	2000	2000	NUM
ajfa-3333	72	4	)	)	PUNCT
ajfa-3333	72	5	tested	test	VERB
ajfa-3333	72	6	price	price	NOUN
ajfa-3333	72	7	bubbles	bubble	NOUN
ajfa-3333	72	8	and	and	CCONJ
ajfa-3333	72	9	mass	mass	ADJ
ajfa-3333	72	10	behaviors	behavior	NOUN
ajfa-3333	72	11	of	of	ADP
ajfa-3333	72	12	investors	investor	NOUN
ajfa-3333	72	13	in	in	ADP
ajfa-3333	72	14	the	the	DET
ajfa-3333	72	15	stock	stock	NOUN
ajfa-3333	72	16	market	market	NOUN
ajfa-3333	72	17	of	of	ADP
ajfa-3333	72	18	the	the	DET
ajfa-3333	72	19	united	united	PROPN
ajfa-3333	72	20	states	states	PROPN
ajfa-3333	72	21	of	of	ADP
ajfa-3333	72	22	america	america	PROPN
ajfa-3333	72	23	,	,	PUNCT
ajfa-3333	72	24	when	when	SCONJ
ajfa-3333	72	25	rational	rational	ADJ
ajfa-3333	72	26	bubbles	bubble	NOUN
ajfa-3333	72	27	and	and	CCONJ
ajfa-3333	72	28	collective	collective	ADJ
ajfa-3333	72	29	behaviors	behavior	NOUN
ajfa-3333	72	30	of	of	ADP
ajfa-3333	72	31	investors	investor	NOUN
ajfa-3333	72	32	were	be	AUX
ajfa-3333	72	33	observed	observe	VERB
ajfa-3333	72	34	notwithstanding	notwithstanding	ADP
ajfa-3333	72	35	positive	positive	ADJ
ajfa-3333	72	36	or	or	CCONJ
ajfa-3333	72	37	negative	negative	ADJ
ajfa-3333	72	38	return	return	NOUN
ajfa-3333	72	39	in	in	ADP
ajfa-3333	72	40	market	market	NOUN
ajfa-3333	72	41	.	.	PUNCT
ajfa-3333	73	1	konadu	konadu	NOUN
ajfa-3333	73	2	et	et	PROPN
ajfa-3333	73	3	al	al	PROPN
ajfa-3333	73	4	(	(	PUNCT
ajfa-3333	73	5	2005	2005	NUM
ajfa-3333	73	6	)	)	PUNCT
ajfa-3333	73	7	have	have	AUX
ajfa-3333	73	8	tested	test	VERB
ajfa-3333	73	9	the	the	DET
ajfa-3333	73	10	existence	existence	NOUN
ajfa-3333	73	11	of	of	ADP
ajfa-3333	73	12	rational	rational	ADJ
ajfa-3333	73	13	bubbles	bubble	NOUN
ajfa-3333	73	14	in	in	ADP
ajfa-3333	73	15	the	the	DET
ajfa-3333	73	16	stock	stock	NOUN
ajfa-3333	73	17	index	index	NOUN
ajfa-3333	73	18	of	of	ADP
ajfa-3333	73	19	nasdaq	nasdaq	PROPN
ajfa-3333	73	20	for	for	ADP
ajfa-3333	73	21	the	the	DET
ajfa-3333	73	22	duration	duration	NOUN
ajfa-3333	73	23	beginning	begin	VERB
ajfa-3333	73	24	form	form	NOUN
ajfa-3333	73	25	1994	1994	NUM
ajfa-3333	73	26	to	to	ADP
ajfa-3333	73	27	2003	2003	NUM
ajfa-3333	73	28	using	use	VERB
ajfa-3333	73	29	interest	interest	NOUN
ajfa-3333	73	30	present	present	ADJ
ajfa-3333	73	31	value	value	NOUN
ajfa-3333	73	32	model	model	NOUN
ajfa-3333	73	33	.	.	PUNCT
ajfa-3333	74	1	for	for	ADP
ajfa-3333	74	2	this	this	DET
ajfa-3333	74	3	purpose	purpose	NOUN
ajfa-3333	74	4	,	,	PUNCT
ajfa-3333	74	5	they	they	PRON
ajfa-3333	74	6	applied	apply	VERB
ajfa-3333	74	7	a	a	DET
ajfa-3333	74	8	new	new	ADJ
ajfa-3333	74	9	test	test	NOUN
ajfa-3333	74	10	based	base	VERB
ajfa-3333	74	11	on	on	ADP
ajfa-3333	74	12	fractional	fractional	ADJ
ajfa-3333	74	13	integration	integration	NOUN
ajfa-3333	74	14	test	test	NOUN
ajfa-3333	74	15	,	,	PUNCT
ajfa-3333	74	16	and	and	CCONJ
ajfa-3333	74	17	concluded	conclude	VERB
ajfa-3333	74	18	that	that	SCONJ
ajfa-3333	74	19	although	although	SCONJ
ajfa-3333	74	20	co	co	NOUN
ajfa-3333	74	21	-	-	NOUN
ajfa-3333	74	22	integration	integration	NOUN
ajfa-3333	74	23	and	and	CCONJ
ajfa-3333	74	24	unit	unit	NOUN
ajfa-3333	74	25	root	root	NOUN
ajfa-3333	74	26	tests	test	NOUN
ajfa-3333	74	27	do	do	AUX
ajfa-3333	74	28	not	not	PART
ajfa-3333	74	29	reject	reject	VERB
ajfa-3333	74	30	the	the	DET
ajfa-3333	74	31	existence	existence	NOUN
ajfa-3333	74	32	of	of	ADP
ajfa-3333	74	33	bubbles	bubble	NOUN
ajfa-3333	74	34	,	,	PUNCT
ajfa-3333	74	35	the	the	DET
ajfa-3333	74	36	fractional	fractional	ADJ
ajfa-3333	74	37	integration	integration	NOUN
ajfa-3333	74	38	test	test	NOUN
ajfa-3333	74	39	carried	carry	VERB
ajfa-3333	74	40	out	out	ADP
ajfa-3333	74	41	on	on	ADP
ajfa-3333	74	42	the	the	DET
ajfa-3333	74	43	data	datum	NOUN
ajfa-3333	74	44	excluding	exclude	VERB
ajfa-3333	74	45	monthly	monthly	ADJ
ajfa-3333	74	46	data	datum	NOUN
ajfa-3333	74	47	rejects	reject	VERB
ajfa-3333	74	48	the	the	DET
ajfa-3333	74	49	existence	existence	NOUN
ajfa-3333	74	50	of	of	ADP
ajfa-3333	74	51	bubbles	bubble	NOUN
ajfa-3333	74	52	in	in	ADP
ajfa-3333	74	53	the	the	DET
ajfa-3333	74	54	market	market	NOUN
ajfa-3333	74	55	(	(	PUNCT
ajfa-3333	74	56	cited	cite	VERB
ajfa-3333	74	57	in	in	ADP
ajfa-3333	74	58	alipour	alipour	ADJ
ajfa-3333	74	59	,	,	PUNCT
ajfa-3333	74	60	2007	2007	NUM
ajfa-3333	74	61	)	)	PUNCT
ajfa-3333	74	62	.	.	PUNCT
ajfa-3333	75	1	nasrollahi	nasrollahi	PROPN
ajfa-3333	75	2	(	(	PUNCT
ajfa-3333	75	3	1998	1998	NUM
ajfa-3333	75	4	)	)	PUNCT
ajfa-3333	75	5	concluded	conclude	VERB
ajfa-3333	75	6	that	that	SCONJ
ajfa-3333	75	7	the	the	DET
ajfa-3333	75	8	fast	fast	ADJ
ajfa-3333	75	9	growth	growth	NOUN
ajfa-3333	75	10	of	of	ADP
ajfa-3333	75	11	tehran	tehran	PROPN
ajfa-3333	75	12	’s	’s	PART
ajfa-3333	75	13	stock	stock	PROPN
ajfa-3333	75	14	exchange	exchange	PROPN
ajfa-3333	75	15	index	index	NOUN
ajfa-3333	75	16	in	in	ADP
ajfa-3333	75	17	1995	1995	NUM
ajfa-3333	75	18	and	and	CCONJ
ajfa-3333	75	19	the	the	DET
ajfa-3333	75	20	first	first	ADJ
ajfa-3333	75	21	season	season	NOUN
ajfa-3333	75	22	of	of	ADP
ajfa-3333	75	23	the	the	DET
ajfa-3333	75	24	year	year	NOUN
ajfa-3333	75	25	1996	1996	NUM
ajfa-3333	75	26	,	,	PUNCT
ajfa-3333	75	27	as	as	ADV
ajfa-3333	75	28	well	well	ADV
ajfa-3333	75	29	as	as	ADP
ajfa-3333	75	30	the	the	DET
ajfa-3333	75	31	reduction	reduction	NOUN
ajfa-3333	75	32	of	of	ADP
ajfa-3333	75	33	this	this	DET
ajfa-3333	75	34	index	index	NOUN
ajfa-3333	75	35	in	in	ADP
ajfa-3333	75	36	the	the	DET
ajfa-3333	75	37	fall	fall	NOUN
ajfa-3333	75	38	and	and	CCONJ
ajfa-3333	75	39	winter	winter	NOUN
ajfa-3333	75	40	of	of	ADP
ajfa-3333	75	41	that	that	DET
ajfa-3333	75	42	year	year	NOUN
ajfa-3333	75	43	caused	cause	VERB
ajfa-3333	75	44	some	some	DET
ajfa-3333	75	45	investors	investor	NOUN
ajfa-3333	75	46	and	and	CCONJ
ajfa-3333	75	47	even	even	ADV
ajfa-3333	75	48	expert	expert	ADJ
ajfa-3333	75	49	to	to	PART
ajfa-3333	75	50	think	think	VERB
ajfa-3333	75	51	of	of	ADP
ajfa-3333	75	52	a	a	DET
ajfa-3333	75	53	false	false	ADJ
ajfa-3333	75	54	increase	increase	NOUN
ajfa-3333	75	55	in	in	ADP
ajfa-3333	75	56	prices	price	NOUN
ajfa-3333	75	57	.	.	PUNCT
ajfa-3333	76	1	in	in	ADP
ajfa-3333	76	2	theory	theory	NOUN
ajfa-3333	76	3	,	,	PUNCT
ajfa-3333	76	4	the	the	DET
ajfa-3333	76	5	false	false	ADJ
ajfa-3333	76	6	increase	increase	NOUN
ajfa-3333	76	7	of	of	ADP
ajfa-3333	76	8	price	price	NOUN
ajfa-3333	76	9	is	be	AUX
ajfa-3333	76	10	a	a	DET
ajfa-3333	76	11	price	price	NOUN
ajfa-3333	76	12	bubble	bubble	NOUN
ajfa-3333	76	13	,	,	PUNCT
ajfa-3333	76	14	which	which	PRON
ajfa-3333	76	15	should	should	AUX
ajfa-3333	76	16	be	be	AUX
ajfa-3333	76	17	regarded	regard	VERB
ajfa-3333	76	18	as	as	ADP
ajfa-3333	76	19	the	the	DET
ajfa-3333	76	20	second	second	ADJ
ajfa-3333	76	21	part	part	NOUN
ajfa-3333	76	22	of	of	ADP
ajfa-3333	76	23	the	the	DET
ajfa-3333	76	24	price	price	NOUN
ajfa-3333	76	25	of	of	ADP
ajfa-3333	76	26	an	an	DET
ajfa-3333	76	27	asset	asset	NOUN
ajfa-3333	76	28	.	.	PUNCT
ajfa-3333	77	1	hazhir	hazhir	PROPN
ajfa-3333	77	2	kiani	kiani	PROPN
ajfa-3333	77	3	and	and	CCONJ
ajfa-3333	77	4	mirshamsi	mirshamsi	PROPN
ajfa-3333	77	5	(	(	PUNCT
ajfa-3333	77	6	1999	1999	NUM
ajfa-3333	77	7	)	)	PUNCT
ajfa-3333	77	8	studied	study	VERB
ajfa-3333	77	9	the	the	DET
ajfa-3333	77	10	monthly	monthly	ADJ
ajfa-3333	77	11	data	datum	NOUN
ajfa-3333	77	12	of	of	ADP
ajfa-3333	77	13	17	17	NUM
ajfa-3333	77	14	companies	company	NOUN
ajfa-3333	77	15	accepted	accept	VERB
ajfa-3333	77	16	in	in	ADP
ajfa-3333	77	17	the	the	DET
ajfa-3333	77	18	stock	stock	NOUN
ajfa-3333	77	19	exchange	exchange	NOUN
ajfa-3333	77	20	of	of	ADP
ajfa-3333	77	21	tehran	tehran	PROPN
ajfa-3333	77	22	during	during	ADP
ajfa-3333	77	23	the	the	DET
ajfa-3333	77	24	period	period	NOUN
ajfa-3333	77	25	from	from	ADP
ajfa-3333	77	26	1988	1988	NUM
ajfa-3333	77	27	to	to	ADP
ajfa-3333	77	28	1997	1997	NUM
ajfa-3333	77	29	using	use	VERB
ajfa-3333	77	30	reliability	reliability	NOUN
ajfa-3333	77	31	test	test	NOUN
ajfa-3333	77	32	,	,	PUNCT
ajfa-3333	77	33	the	the	DET
ajfa-3333	77	34	ratio	ratio	NOUN
ajfa-3333	77	35	of	of	ADP
ajfa-3333	77	36	price	price	NOUN
ajfa-3333	77	37	to	to	PART
ajfa-3333	77	38	profit	profit	VERB
ajfa-3333	77	39	,	,	PUNCT
ajfa-3333	77	40	and	and	CCONJ
ajfa-3333	77	41	the	the	DET
ajfa-3333	77	42	co	co	NOUN
ajfa-3333	77	43	-	-	NOUN
ajfa-3333	77	44	integration	integration	NOUN
ajfa-3333	77	45	test	test	NOUN
ajfa-3333	77	46	of	of	ADP
ajfa-3333	77	47	price	price	NOUN
ajfa-3333	77	48	and	and	CCONJ
ajfa-3333	77	49	profit	profit	NOUN
ajfa-3333	77	50	of	of	ADP
ajfa-3333	77	51	each	each	DET
ajfa-3333	77	52	share	share	NOUN
ajfa-3333	77	53	.	.	PUNCT
ajfa-3333	78	1	they	they	PRON
ajfa-3333	78	2	provided	provide	VERB
ajfa-3333	78	3	several	several	ADJ
ajfa-3333	78	4	reasons	reason	NOUN
ajfa-3333	78	5	proving	prove	VERB
ajfa-3333	78	6	that	that	SCONJ
ajfa-3333	78	7	the	the	DET
ajfa-3333	78	8	existence	existence	NOUN
ajfa-3333	78	9	of	of	ADP
ajfa-3333	78	10	rational	rational	ADJ
ajfa-3333	78	11	bubbles	bubble	NOUN
ajfa-3333	78	12	in	in	ADP
ajfa-3333	78	13	price	price	NOUN
ajfa-3333	78	14	can	can	AUX
ajfa-3333	78	15	not	not	PART
ajfa-3333	78	16	be	be	AUX
ajfa-3333	78	17	rejected	reject	VERB
ajfa-3333	78	18	in	in	ADP
ajfa-3333	78	19	at	at	ADV
ajfa-3333	78	20	least	least	ADV
ajfa-3333	78	21	15	15	NUM
ajfa-3333	78	22	companies	company	NOUN
ajfa-3333	78	23	from	from	ADP
ajfa-3333	78	24	the	the	DET
ajfa-3333	78	25	total	total	ADJ
ajfa-3333	78	26	seventeen	seventeen	NUM
ajfa-3333	78	27	companies	company	NOUN
ajfa-3333	78	28	studied	study	VERB
ajfa-3333	78	29	in	in	ADP
ajfa-3333	78	30	their	their	PRON
ajfa-3333	78	31	research	research	NOUN
ajfa-3333	78	32	.	.	PUNCT
ajfa-3333	79	1	ma’delat	ma’delat	ADJ
ajfa-3333	79	2	,	,	PUNCT
ajfa-3333	79	3	kourosh	kourosh	NOUN
ajfa-3333	79	4	(	(	PUNCT
ajfa-3333	79	5	2002	2002	NUM
ajfa-3333	79	6	)	)	PUNCT
ajfa-3333	79	7	studied	study	VERB
ajfa-3333	79	8	price	price	NOUN
ajfa-3333	79	9	bubble	bubble	NOUN
ajfa-3333	79	10	in	in	ADP
ajfa-3333	79	11	an	an	DET
ajfa-3333	79	12	economic	economic	ADJ
ajfa-3333	79	13	research	research	NOUN
ajfa-3333	79	14	carried	carry	VERB
ajfa-3333	79	15	out	out	ADP
ajfa-3333	79	16	in	in	ADP
ajfa-3333	79	17	the	the	DET
ajfa-3333	79	18	stock	stock	NOUN
ajfa-3333	79	19	exchange	exchange	NOUN
ajfa-3333	79	20	of	of	ADP
ajfa-3333	79	21	tehran	tehran	NOUN
ajfa-3333	79	22	using	use	VERB
ajfa-3333	79	23	the	the	DET
ajfa-3333	79	24	data	datum	NOUN
ajfa-3333	79	25	of	of	ADP
ajfa-3333	79	26	1991	1991	NUM
ajfa-3333	79	27	to	to	ADP
ajfa-3333	79	28	2001	2001	NUM
ajfa-3333	79	29	.	.	PUNCT
ajfa-3333	80	1	for	for	ADP
ajfa-3333	80	2	this	this	PRON
ajfa-3333	80	3	,	,	PUNCT
ajfa-3333	80	4	he	he	PRON
ajfa-3333	80	5	used	use	VERB
ajfa-3333	80	6	state	state	NOUN
ajfa-3333	80	7	-	-	PUNCT
ajfa-3333	80	8	space	space	NOUN
ajfa-3333	80	9	method	method	NOUN
ajfa-3333	80	10	composed	compose	VERB
ajfa-3333	80	11	of	of	ADP
ajfa-3333	80	12	state	state	NOUN
ajfa-3333	80	13	equations	equation	NOUN
ajfa-3333	80	14	and	and	CCONJ
ajfa-3333	80	15	differential	differential	ADJ
ajfa-3333	80	16	equations	equation	NOUN
ajfa-3333	80	17	.	.	PUNCT
ajfa-3333	81	1	godari	godari	PROPN
ajfa-3333	81	2	(	(	PUNCT
ajfa-3333	81	3	2006	2006	NUM
ajfa-3333	81	4	)	)	PUNCT
ajfa-3333	81	5	studied	study	VERB
ajfa-3333	81	6	rational	rational	ADJ
ajfa-3333	81	7	bubbles	bubble	NOUN
ajfa-3333	81	8	in	in	ADP
ajfa-3333	81	9	his	his	PRON
ajfa-3333	81	10	master	master	NOUN
ajfa-3333	81	11	dissertation	dissertation	NOUN
ajfa-3333	81	12	titled	title	VERB
ajfa-3333	81	13	“	"	PUNCT
ajfa-3333	81	14	a	a	DET
ajfa-3333	81	15	study	study	NOUN
ajfa-3333	81	16	of	of	ADP
ajfa-3333	81	17	price	price	NOUN
ajfa-3333	81	18	bubbles	bubble	NOUN
ajfa-3333	81	19	in	in	ADP
ajfa-3333	81	20	the	the	DET
ajfa-3333	81	21	stock	stock	NOUN
ajfa-3333	81	22	asian	asian	ADJ
ajfa-3333	81	23	journal	journal	PROPN
ajfa-3333	81	24	of	of	ADP
ajfa-3333	81	25	finance	finance	PROPN
ajfa-3333	81	26	&	&	CCONJ
ajfa-3333	81	27	accounting	accounting	PROPN
ajfa-3333	81	28	issn	issn	PROPN
ajfa-3333	81	29	1946	1946	NUM
ajfa-3333	81	30	-	-	PUNCT
ajfa-3333	81	31	052x	052x	NOUN
ajfa-3333	81	32	2013	2013	NUM
ajfa-3333	81	33	,	,	PUNCT
ajfa-3333	81	34	vol	vol	NOUN
ajfa-3333	81	35	.	.	PROPN
ajfa-3333	81	36	5	5	NUM
ajfa-3333	81	37	,	,	PUNCT
ajfa-3333	81	38	no	no	INTJ
ajfa-3333	81	39	.	.	NOUN
ajfa-3333	81	40	1	1	NUM
ajfa-3333	81	41	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	81	42	279	279	NUM
ajfa-3333	81	43	exchange	exchange	NOUN
ajfa-3333	81	44	of	of	ADP
ajfa-3333	81	45	tehran	tehran	NOUN
ajfa-3333	81	46	during	during	ADP
ajfa-3333	81	47	the	the	DET
ajfa-3333	81	48	recent	recent	ADJ
ajfa-3333	81	49	years	year	NOUN
ajfa-3333	81	50	(	(	PUNCT
ajfa-3333	81	51	2004	2004	NUM
ajfa-3333	81	52	–	–	PUNCT
ajfa-3333	81	53	2005	2005	NUM
ajfa-3333	81	54	)	)	PUNCT
ajfa-3333	81	55	.	.	PUNCT
ajfa-3333	82	1	godari	godari	PROPN
ajfa-3333	82	2	took	take	VERB
ajfa-3333	82	3	a	a	DET
ajfa-3333	82	4	sample	sample	NOUN
ajfa-3333	82	5	consisting	consist	VERB
ajfa-3333	82	6	of	of	ADP
ajfa-3333	82	7	22	22	NUM
ajfa-3333	82	8	companies	company	NOUN
ajfa-3333	82	9	in	in	ADP
ajfa-3333	82	10	the	the	DET
ajfa-3333	82	11	stock	stock	NOUN
ajfa-3333	82	12	exchange	exchange	NOUN
ajfa-3333	82	13	to	to	PART
ajfa-3333	82	14	show	show	VERB
ajfa-3333	82	15	that	that	SCONJ
ajfa-3333	82	16	there	there	PRON
ajfa-3333	82	17	has	have	AUX
ajfa-3333	82	18	been	be	AUX
ajfa-3333	82	19	bubble	bubble	NOUN
ajfa-3333	82	20	in	in	ADP
ajfa-3333	82	21	the	the	DET
ajfa-3333	82	22	price	price	NOUN
ajfa-3333	82	23	of	of	ADP
ajfa-3333	82	24	the	the	DET
ajfa-3333	82	25	shares	share	NOUN
ajfa-3333	82	26	in	in	ADP
ajfa-3333	82	27	the	the	DET
ajfa-3333	82	28	stock	stock	NOUN
ajfa-3333	82	29	exchange	exchange	NOUN
ajfa-3333	82	30	of	of	ADP
ajfa-3333	82	31	tehran	tehran	PROPN
ajfa-3333	82	32	in	in	ADP
ajfa-3333	82	33	2004	2004	NUM
ajfa-3333	82	34	and	and	CCONJ
ajfa-3333	82	35	2005	2005	NUM
ajfa-3333	82	36	,	,	PUNCT
ajfa-3333	82	37	while	while	SCONJ
ajfa-3333	82	38	most	most	ADJ
ajfa-3333	82	39	experts	expert	NOUN
ajfa-3333	82	40	believe	believe	VERB
ajfa-3333	82	41	that	that	SCONJ
ajfa-3333	82	42	bubble	bubble	NOUN
ajfa-3333	82	43	is	be	AUX
ajfa-3333	82	44	blown	blow	VERB
ajfa-3333	82	45	up	up	ADP
ajfa-3333	82	46	after	after	ADP
ajfa-3333	82	47	the	the	DET
ajfa-3333	82	48	drop	drop	NOUN
ajfa-3333	82	49	of	of	ADP
ajfa-3333	82	50	prices	price	NOUN
ajfa-3333	82	51	and	and	CCONJ
ajfa-3333	82	52	break	break	NOUN
ajfa-3333	82	53	of	of	ADP
ajfa-3333	82	54	most	most	ADJ
ajfa-3333	82	55	companies	company	NOUN
ajfa-3333	82	56	’	'	PUNCT
ajfa-3333	82	57	p	p	PROPN
ajfa-3333	82	58	/	/	SYM
ajfa-3333	82	59	e.	e.	PROPN
ajfa-3333	82	60	asadi	asadi	PROPN
ajfa-3333	82	61	,	,	PUNCT
ajfa-3333	82	62	hamidizadeh	hamidizadeh	NOUN
ajfa-3333	82	63	,	,	PUNCT
ajfa-3333	82	64	and	and	CCONJ
ajfa-3333	82	65	soltani	soltani	PROPN
ajfa-3333	82	66	(	(	PUNCT
ajfa-3333	82	67	2006	2006	NUM
ajfa-3333	82	68	)	)	PUNCT
ajfa-3333	82	69	studied	study	VERB
ajfa-3333	82	70	the	the	DET
ajfa-3333	82	71	existence	existence	NOUN
ajfa-3333	82	72	of	of	ADP
ajfa-3333	82	73	price	price	NOUN
ajfa-3333	82	74	bubble	bubble	NOUN
ajfa-3333	82	75	in	in	ADP
ajfa-3333	82	76	the	the	DET
ajfa-3333	82	77	stock	stock	NOUN
ajfa-3333	82	78	exchange	exchange	NOUN
ajfa-3333	82	79	of	of	ADP
ajfa-3333	82	80	tehran	tehran	PROPN
ajfa-3333	82	81	based	base	VERB
ajfa-3333	82	82	on	on	ADP
ajfa-3333	82	83	the	the	DET
ajfa-3333	82	84	size	size	NOUN
ajfa-3333	82	85	of	of	ADP
ajfa-3333	82	86	seventy	seventy	NUM
ajfa-3333	82	87	companies	company	NOUN
ajfa-3333	82	88	and	and	CCONJ
ajfa-3333	82	89	industries	industry	NOUN
ajfa-3333	82	90	during	during	ADP
ajfa-3333	82	91	the	the	DET
ajfa-3333	82	92	fiscal	fiscal	ADJ
ajfa-3333	82	93	years	year	NOUN
ajfa-3333	82	94	beginning	begin	VERB
ajfa-3333	82	95	from	from	ADP
ajfa-3333	82	96	1991	1991	NUM
ajfa-3333	82	97	ending	end	VERB
ajfa-3333	82	98	to	to	ADP
ajfa-3333	82	99	2005	2005	NUM
ajfa-3333	82	100	,	,	PUNCT
ajfa-3333	82	101	and	and	CCONJ
ajfa-3333	82	102	showed	show	VERB
ajfa-3333	82	103	that	that	SCONJ
ajfa-3333	82	104	57	57	NUM
ajfa-3333	82	105	percent	percent	NOUN
ajfa-3333	82	106	of	of	ADP
ajfa-3333	82	107	the	the	DET
ajfa-3333	82	108	companies	company	NOUN
ajfa-3333	82	109	at	at	ADP
ajfa-3333	82	110	the	the	DET
ajfa-3333	82	111	confidence	confidence	NOUN
ajfa-3333	82	112	coefficient	coefficient	NOUN
ajfa-3333	82	113	of	of	ADP
ajfa-3333	82	114	95	95	NUM
ajfa-3333	82	115	percent	percent	NOUN
ajfa-3333	82	116	,	,	PUNCT
ajfa-3333	82	117	and	and	CCONJ
ajfa-3333	82	118	43	43	NUM
ajfa-3333	82	119	percent	percent	NOUN
ajfa-3333	82	120	at	at	ADP
ajfa-3333	82	121	the	the	DET
ajfa-3333	82	122	confidence	confidence	NOUN
ajfa-3333	82	123	coefficient	coefficient	NOUN
ajfa-3333	82	124	of	of	ADP
ajfa-3333	82	125	90	90	NUM
ajfa-3333	82	126	percent	percent	NOUN
ajfa-3333	82	127	had	have	VERB
ajfa-3333	82	128	price	price	NOUN
ajfa-3333	82	129	bubble	bubble	NOUN
ajfa-3333	82	130	.	.	PUNCT
ajfa-3333	83	1	the	the	DET
ajfa-3333	83	2	analysis	analysis	NOUN
ajfa-3333	83	3	of	of	ADP
ajfa-3333	83	4	statistical	statistical	ADJ
ajfa-3333	83	5	tests	test	NOUN
ajfa-3333	83	6	show	show	VERB
ajfa-3333	83	7	that	that	SCONJ
ajfa-3333	83	8	firstly	firstly	ADV
ajfa-3333	83	9	there	there	PRON
ajfa-3333	83	10	is	be	VERB
ajfa-3333	83	11	statistically	statistically	ADV
ajfa-3333	83	12	a	a	DET
ajfa-3333	83	13	significant	significant	ADJ
ajfa-3333	83	14	relation	relation	NOUN
ajfa-3333	83	15	between	between	ADP
ajfa-3333	83	16	stock	stock	NOUN
ajfa-3333	83	17	price	price	NOUN
ajfa-3333	83	18	bubbles	bubble	NOUN
ajfa-3333	83	19	and	and	CCONJ
ajfa-3333	83	20	size	size	NOUN
ajfa-3333	83	21	of	of	ADP
ajfa-3333	83	22	the	the	DET
ajfa-3333	83	23	company	company	NOUN
ajfa-3333	83	24	at	at	ADP
ajfa-3333	83	25	the	the	DET
ajfa-3333	83	26	confidence	confidence	NOUN
ajfa-3333	83	27	coefficient	coefficient	NOUN
ajfa-3333	83	28	of	of	ADP
ajfa-3333	83	29	95	95	NUM
ajfa-3333	83	30	percent	percent	NOUN
ajfa-3333	83	31	;	;	PUNCT
ajfa-3333	83	32	secondly	secondly	ADV
ajfa-3333	83	33	,	,	PUNCT
ajfa-3333	83	34	there	there	PRON
ajfa-3333	83	35	is	be	VERB
ajfa-3333	83	36	statistically	statistically	ADV
ajfa-3333	83	37	no	no	DET
ajfa-3333	83	38	significant	significant	ADJ
ajfa-3333	83	39	relation	relation	NOUN
ajfa-3333	83	40	between	between	ADP
ajfa-3333	83	41	stock	stock	NOUN
ajfa-3333	83	42	price	price	NOUN
ajfa-3333	83	43	bubbles	bubble	NOUN
ajfa-3333	83	44	and	and	CCONJ
ajfa-3333	83	45	industry	industry	NOUN
ajfa-3333	83	46	type	type	NOUN
ajfa-3333	83	47	of	of	ADP
ajfa-3333	83	48	the	the	DET
ajfa-3333	83	49	company	company	NOUN
ajfa-3333	83	50	.	.	PUNCT
ajfa-3333	84	1	alipour	alipour	ADJ
ajfa-3333	84	2	(	(	PUNCT
ajfa-3333	84	3	2007	2007	NUM
ajfa-3333	84	4	)	)	PUNCT
ajfa-3333	84	5	studied	study	VERB
ajfa-3333	84	6	in	in	ADP
ajfa-3333	84	7	his	his	PRON
ajfa-3333	84	8	master	master	NOUN
ajfa-3333	84	9	’s	’s	PART
ajfa-3333	84	10	dissertation	dissertation	NOUN
ajfa-3333	84	11	titled	title	VERB
ajfa-3333	84	12	“	"	PUNCT
ajfa-3333	84	13	the	the	DET
ajfa-3333	84	14	study	study	NOUN
ajfa-3333	84	15	of	of	ADP
ajfa-3333	84	16	rational	rational	ADJ
ajfa-3333	84	17	price	price	NOUN
ajfa-3333	84	18	bubbles	bubble	NOUN
ajfa-3333	84	19	in	in	ADP
ajfa-3333	84	20	the	the	DET
ajfa-3333	84	21	stock	stock	NOUN
ajfa-3333	84	22	exchange	exchange	NOUN
ajfa-3333	84	23	of	of	ADP
ajfa-3333	84	24	tehran	tehran	PROPN
ajfa-3333	84	25	”	"	PUNCT
ajfa-3333	84	26	,	,	PUNCT
ajfa-3333	84	27	the	the	DET
ajfa-3333	84	28	existence	existence	NOUN
ajfa-3333	84	29	of	of	ADP
ajfa-3333	84	30	price	price	NOUN
ajfa-3333	84	31	bubbles	bubble	NOUN
ajfa-3333	84	32	in	in	ADP
ajfa-3333	84	33	the	the	DET
ajfa-3333	84	34	stock	stock	NOUN
ajfa-3333	84	35	exchange	exchange	NOUN
ajfa-3333	84	36	of	of	ADP
ajfa-3333	84	37	tehran	tehran	PROPN
ajfa-3333	84	38	during	during	ADP
ajfa-3333	84	39	the	the	DET
ajfa-3333	84	40	period	period	NOUN
ajfa-3333	84	41	from	from	ADP
ajfa-3333	84	42	2000	2000	NUM
ajfa-3333	84	43	to	to	ADP
ajfa-3333	84	44	the	the	DET
ajfa-3333	84	45	first	first	ADJ
ajfa-3333	84	46	season	season	NOUN
ajfa-3333	84	47	of	of	ADP
ajfa-3333	84	48	2007	2007	NUM
ajfa-3333	84	49	.	.	PUNCT
ajfa-3333	85	1	the	the	DET
ajfa-3333	85	2	main	main	ADJ
ajfa-3333	85	3	hypothesis	hypothesis	NOUN
ajfa-3333	85	4	of	of	ADP
ajfa-3333	85	5	this	this	DET
ajfa-3333	85	6	research	research	NOUN
ajfa-3333	85	7	states	state	VERB
ajfa-3333	85	8	that	that	SCONJ
ajfa-3333	85	9	,	,	PUNCT
ajfa-3333	85	10	“	"	PUNCT
ajfa-3333	85	11	there	there	PRON
ajfa-3333	85	12	is	be	VERB
ajfa-3333	85	13	rational	rational	ADJ
ajfa-3333	85	14	price	price	NOUN
ajfa-3333	85	15	bubble	bubble	NOUN
ajfa-3333	85	16	in	in	ADP
ajfa-3333	85	17	the	the	DET
ajfa-3333	85	18	stock	stock	NOUN
ajfa-3333	85	19	exchange	exchange	NOUN
ajfa-3333	85	20	of	of	ADP
ajfa-3333	85	21	tehran	tehran	NOUN
ajfa-3333	85	22	”	"	PUNCT
ajfa-3333	85	23	.	.	PUNCT
ajfa-3333	86	1	to	to	PART
ajfa-3333	86	2	study	study	VERB
ajfa-3333	86	3	this	this	DET
ajfa-3333	86	4	issue	issue	NOUN
ajfa-3333	86	5	,	,	PUNCT
ajfa-3333	86	6	three	three	NUM
ajfa-3333	86	7	different	different	ADJ
ajfa-3333	86	8	tests	test	NOUN
ajfa-3333	86	9	including	include	VERB
ajfa-3333	86	10	unit	unit	NOUN
ajfa-3333	86	11	root	root	NOUN
ajfa-3333	86	12	test	test	NOUN
ajfa-3333	86	13	,	,	PUNCT
ajfa-3333	86	14	co	co	NOUN
ajfa-3333	86	15	-	-	NOUN
ajfa-3333	86	16	integration	integration	NOUN
ajfa-3333	86	17	test	test	NOUN
ajfa-3333	86	18	,	,	PUNCT
ajfa-3333	86	19	and	and	CCONJ
ajfa-3333	86	20	fractional	fractional	ADJ
ajfa-3333	86	21	integration	integration	NOUN
ajfa-3333	86	22	test	test	NOUN
ajfa-3333	86	23	were	be	AUX
ajfa-3333	86	24	carried	carry	VERB
ajfa-3333	86	25	out	out	ADP
ajfa-3333	86	26	.	.	PUNCT
ajfa-3333	87	1	the	the	DET
ajfa-3333	87	2	results	result	NOUN
ajfa-3333	87	3	of	of	ADP
ajfa-3333	87	4	unit	unit	NOUN
ajfa-3333	87	5	root	root	NOUN
ajfa-3333	87	6	and	and	CCONJ
ajfa-3333	87	7	co	co	NOUN
ajfa-3333	87	8	-	-	NOUN
ajfa-3333	87	9	integration	integration	NOUN
ajfa-3333	87	10	test	test	NOUN
ajfa-3333	87	11	confirmed	confirm	VERB
ajfa-3333	87	12	the	the	DET
ajfa-3333	87	13	existence	existence	NOUN
ajfa-3333	87	14	of	of	ADP
ajfa-3333	87	15	bubble	bubble	NOUN
ajfa-3333	87	16	in	in	ADP
ajfa-3333	87	17	the	the	DET
ajfa-3333	87	18	stock	stock	NOUN
ajfa-3333	87	19	exchange	exchange	NOUN
ajfa-3333	87	20	of	of	ADP
ajfa-3333	87	21	tehran	tehran	PROPN
ajfa-3333	87	22	.	.	PUNCT
ajfa-3333	88	1	in	in	ADP
ajfa-3333	88	2	contrast	contrast	NOUN
ajfa-3333	88	3	,	,	PUNCT
ajfa-3333	88	4	the	the	DET
ajfa-3333	88	5	results	result	NOUN
ajfa-3333	88	6	of	of	ADP
ajfa-3333	88	7	fractional	fractional	ADJ
ajfa-3333	88	8	integration	integration	NOUN
ajfa-3333	88	9	test	test	NOUN
ajfa-3333	88	10	show	show	VERB
ajfa-3333	88	11	that	that	SCONJ
ajfa-3333	88	12	the	the	DET
ajfa-3333	88	13	data	datum	NOUN
ajfa-3333	88	14	were	be	AUX
ajfa-3333	88	15	able	able	ADJ
ajfa-3333	88	16	to	to	PART
ajfa-3333	88	17	recourse	recourse	VERB
ajfa-3333	88	18	to	to	PART
ajfa-3333	88	19	mean	mean	VERB
ajfa-3333	88	20	value	value	NOUN
ajfa-3333	88	21	.	.	PUNCT
ajfa-3333	89	1	eslami	eslami	ADJ
ajfa-3333	89	2	bidgoli	bidgoli	NOUN
ajfa-3333	89	3	and	and	CCONJ
ajfa-3333	89	4	shahriari	shahriari	NOUN
ajfa-3333	89	5	(	(	PUNCT
ajfa-3333	89	6	2007	2007	NUM
ajfa-3333	89	7	)	)	PUNCT
ajfa-3333	89	8	,	,	PUNCT
ajfa-3333	89	9	in	in	ADP
ajfa-3333	89	10	this	this	DET
ajfa-3333	89	11	research	research	NOUN
ajfa-3333	89	12	,	,	PUNCT
ajfa-3333	89	13	the	the	DET
ajfa-3333	89	14	mass	mass	ADJ
ajfa-3333	89	15	behavior	behavior	NOUN
ajfa-3333	89	16	of	of	ADP
ajfa-3333	89	17	the	the	DET
ajfa-3333	89	18	participants	participant	NOUN
ajfa-3333	89	19	of	of	ADP
ajfa-3333	89	20	the	the	DET
ajfa-3333	89	21	stock	stock	NOUN
ajfa-3333	89	22	exchange	exchange	NOUN
ajfa-3333	89	23	of	of	ADP
ajfa-3333	89	24	tehran	tehran	PROPN
ajfa-3333	89	25	during	during	ADP
ajfa-3333	89	26	the	the	DET
ajfa-3333	89	27	period	period	NOUN
ajfa-3333	89	28	from	from	ADP
ajfa-3333	89	29	2001	2001	NUM
ajfa-3333	89	30	to	to	ADP
ajfa-3333	89	31	2005	2005	NUM
ajfa-3333	89	32	has	have	AUX
ajfa-3333	89	33	been	be	AUX
ajfa-3333	89	34	studied	study	VERB
ajfa-3333	89	35	and	and	CCONJ
ajfa-3333	89	36	tested	test	VERB
ajfa-3333	89	37	.	.	PUNCT
ajfa-3333	90	1	the	the	DET
ajfa-3333	90	2	primary	primary	ADJ
ajfa-3333	90	3	evidence	evidence	NOUN
ajfa-3333	90	4	indicate	indicate	VERB
ajfa-3333	90	5	that	that	SCONJ
ajfa-3333	90	6	the	the	DET
ajfa-3333	90	7	investors	investor	NOUN
ajfa-3333	90	8	of	of	ADP
ajfa-3333	90	9	the	the	DET
ajfa-3333	90	10	stock	stock	NOUN
ajfa-3333	90	11	exchange	exchange	NOUN
ajfa-3333	90	12	use	use	VERB
ajfa-3333	90	13	rarely	rarely	ADV
ajfa-3333	90	14	quantitative	quantitative	ADJ
ajfa-3333	90	15	method	method	NOUN
ajfa-3333	90	16	to	to	PART
ajfa-3333	90	17	determine	determine	VERB
ajfa-3333	90	18	stock	stock	NOUN
ajfa-3333	90	19	value	value	NOUN
ajfa-3333	90	20	,	,	PUNCT
ajfa-3333	90	21	and	and	CCONJ
ajfa-3333	90	22	their	their	PRON
ajfa-3333	90	23	judgments	judgment	NOUN
ajfa-3333	90	24	is	be	AUX
ajfa-3333	90	25	mostly	mostly	ADV
ajfa-3333	90	26	based	base	VERB
ajfa-3333	90	27	on	on	ADP
ajfa-3333	90	28	their	their	PRON
ajfa-3333	90	29	mental	mental	ADJ
ajfa-3333	90	30	images	image	NOUN
ajfa-3333	90	31	,	,	PUNCT
ajfa-3333	90	32	nonscientific	nonscientific	ADJ
ajfa-3333	90	33	information	information	NOUN
ajfa-3333	90	34	,	,	PUNCT
ajfa-3333	90	35	rumors	rumor	NOUN
ajfa-3333	90	36	,	,	PUNCT
ajfa-3333	90	37	and	and	CCONJ
ajfa-3333	90	38	blind	blind	ADJ
ajfa-3333	90	39	obedience	obedience	NOUN
ajfa-3333	90	40	to	to	ADP
ajfa-3333	90	41	those	those	DET
ajfa-3333	90	42	persons	person	NOUN
ajfa-3333	90	43	called	call	VERB
ajfa-3333	90	44	prominent	prominent	ADJ
ajfa-3333	90	45	participants	participant	NOUN
ajfa-3333	90	46	in	in	ADP
ajfa-3333	90	47	capital	capital	NOUN
ajfa-3333	90	48	market	market	NOUN
ajfa-3333	90	49	.	.	PUNCT
ajfa-3333	91	1	therefore	therefore	ADV
ajfa-3333	91	2	,	,	PUNCT
ajfa-3333	91	3	two	two	NUM
ajfa-3333	91	4	models	model	NOUN
ajfa-3333	91	5	have	have	AUX
ajfa-3333	91	6	been	be	AUX
ajfa-3333	91	7	used	use	VERB
ajfa-3333	91	8	to	to	PART
ajfa-3333	91	9	study	study	VERB
ajfa-3333	91	10	this	this	DET
ajfa-3333	91	11	behavior	behavior	NOUN
ajfa-3333	91	12	in	in	ADP
ajfa-3333	91	13	the	the	DET
ajfa-3333	91	14	stock	stock	NOUN
ajfa-3333	91	15	exchange	exchange	NOUN
ajfa-3333	91	16	of	of	ADP
ajfa-3333	91	17	tehran	tehran	PROPN
ajfa-3333	91	18	.	.	PUNCT
ajfa-3333	92	1	for	for	ADP
ajfa-3333	92	2	this	this	DET
ajfa-3333	92	3	purpose	purpose	NOUN
ajfa-3333	92	4	,	,	PUNCT
ajfa-3333	92	5	the	the	DET
ajfa-3333	92	6	return	return	NOUN
ajfa-3333	92	7	deviation	deviation	NOUN
ajfa-3333	92	8	of	of	ADP
ajfa-3333	92	9	the	the	DET
ajfa-3333	92	10	companies	company	NOUN
ajfa-3333	92	11	’	’	PART
ajfa-3333	92	12	stocks	stock	NOUN
ajfa-3333	92	13	from	from	ADP
ajfa-3333	92	14	market	market	NOUN
ajfa-3333	92	15	return	return	NOUN
ajfa-3333	92	16	has	have	AUX
ajfa-3333	92	17	been	be	AUX
ajfa-3333	92	18	studied	study	VERB
ajfa-3333	92	19	in	in	ADP
ajfa-3333	92	20	a	a	DET
ajfa-3333	92	21	daily	daily	ADJ
ajfa-3333	92	22	,	,	PUNCT
ajfa-3333	92	23	weekly	weekly	ADJ
ajfa-3333	92	24	,	,	PUNCT
ajfa-3333	92	25	and	and	CCONJ
ajfa-3333	92	26	monthly	monthly	ADJ
ajfa-3333	92	27	manner	manner	NOUN
ajfa-3333	92	28	and	and	CCONJ
ajfa-3333	92	29	during	during	ADP
ajfa-3333	92	30	the	the	DET
ajfa-3333	92	31	increasing	increase	VERB
ajfa-3333	92	32	or	or	CCONJ
ajfa-3333	92	33	decreasing	decrease	VERB
ajfa-3333	92	34	fluctuation	fluctuation	NOUN
ajfa-3333	92	35	periods	period	NOUN
ajfa-3333	92	36	.	.	PUNCT
ajfa-3333	93	1	the	the	DET
ajfa-3333	93	2	findings	finding	NOUN
ajfa-3333	93	3	of	of	ADP
ajfa-3333	93	4	this	this	DET
ajfa-3333	93	5	research	research	NOUN
ajfa-3333	93	6	indicate	indicate	VERB
ajfa-3333	93	7	that	that	SCONJ
ajfa-3333	93	8	according	accord	VERB
ajfa-3333	93	9	to	to	ADP
ajfa-3333	93	10	the	the	DET
ajfa-3333	93	11	daily	daily	ADJ
ajfa-3333	93	12	data	datum	NOUN
ajfa-3333	93	13	on	on	ADP
ajfa-3333	93	14	return	return	NOUN
ajfa-3333	93	15	there	there	PRON
ajfa-3333	93	16	is	be	VERB
ajfa-3333	93	17	no	no	DET
ajfa-3333	93	18	mass	mass	ADJ
ajfa-3333	93	19	behavior	behavior	NOUN
ajfa-3333	93	20	during	during	ADP
ajfa-3333	93	21	market	market	NOUN
ajfa-3333	93	22	growth	growth	NOUN
ajfa-3333	93	23	,	,	PUNCT
ajfa-3333	93	24	and	and	CCONJ
ajfa-3333	93	25	in	in	ADP
ajfa-3333	93	26	contrast	contrast	NOUN
ajfa-3333	93	27	,	,	PUNCT
ajfa-3333	93	28	there	there	PRON
ajfa-3333	93	29	are	be	VERB
ajfa-3333	93	30	evidence	evidence	NOUN
ajfa-3333	93	31	proving	prove	VERB
ajfa-3333	93	32	the	the	DET
ajfa-3333	93	33	existence	existence	NOUN
ajfa-3333	93	34	of	of	ADP
ajfa-3333	93	35	such	such	DET
ajfa-3333	93	36	a	a	DET
ajfa-3333	93	37	mass	mass	ADJ
ajfa-3333	93	38	behavior	behavior	NOUN
ajfa-3333	93	39	during	during	ADP
ajfa-3333	93	40	market	market	NOUN
ajfa-3333	93	41	depression	depression	NOUN
ajfa-3333	93	42	.	.	PUNCT
ajfa-3333	94	1	ezzatollah	ezzatollah	PROPN
ajfa-3333	94	2	abbasian	abbasian	PROPN
ajfa-3333	94	3	,	,	PUNCT
ajfa-3333	94	4	vahid	vahid	PROPN
ajfa-3333	94	5	mahmoudi	mahmoudi	PROPN
ajfa-3333	94	6	,	,	PUNCT
ajfa-3333	94	7	elham	elham	PROPN
ajfa-3333	94	8	farzanegan	farzanegan	PROPN
ajfa-3333	94	9	(	(	PUNCT
ajfa-3333	94	10	2010	2010	NUM
ajfa-3333	94	11	)	)	PUNCT
ajfa-3333	94	12	carried	carry	VERB
ajfa-3333	94	13	out	out	ADP
ajfa-3333	94	14	a	a	DET
ajfa-3333	94	15	research	research	NOUN
ajfa-3333	94	16	to	to	PART
ajfa-3333	94	17	identify	identify	VERB
ajfa-3333	94	18	price	price	NOUN
ajfa-3333	94	19	bubbles	bubble	NOUN
ajfa-3333	94	20	in	in	ADP
ajfa-3333	94	21	the	the	DET
ajfa-3333	94	22	common	common	ADJ
ajfa-3333	94	23	stock	stock	NOUN
ajfa-3333	94	24	of	of	ADP
ajfa-3333	94	25	the	the	DET
ajfa-3333	94	26	stock	stock	NOUN
ajfa-3333	94	27	exchange	exchange	NOUN
ajfa-3333	94	28	of	of	ADP
ajfa-3333	94	29	tehran	tehran	NOUN
ajfa-3333	94	30	using	use	VERB
ajfa-3333	94	31	present	present	ADJ
ajfa-3333	94	32	value	value	NOUN
ajfa-3333	94	33	model	model	NOUN
ajfa-3333	94	34	,	,	PUNCT
ajfa-3333	94	35	and	and	CCONJ
ajfa-3333	94	36	found	find	VERB
ajfa-3333	94	37	that	that	SCONJ
ajfa-3333	94	38	financial	financial	ADJ
ajfa-3333	94	39	markets	market	NOUN
ajfa-3333	94	40	specially	specially	ADV
ajfa-3333	94	41	capital	capital	NOUN
ajfa-3333	94	42	market	market	NOUN
ajfa-3333	94	43	are	be	AUX
ajfa-3333	94	44	the	the	DET
ajfa-3333	94	45	most	most	ADV
ajfa-3333	94	46	important	important	ADJ
ajfa-3333	94	47	means	mean	NOUN
ajfa-3333	94	48	of	of	ADP
ajfa-3333	94	49	allocating	allocate	VERB
ajfa-3333	94	50	financial	financial	ADJ
ajfa-3333	94	51	resources	resource	NOUN
ajfa-3333	94	52	.	.	PUNCT
ajfa-3333	95	1	considering	consider	VERB
ajfa-3333	95	2	the	the	DET
ajfa-3333	95	3	strategic	strategic	ADJ
ajfa-3333	95	4	financial	financial	ADJ
ajfa-3333	95	5	and	and	CCONJ
ajfa-3333	95	6	economic	economic	ADJ
ajfa-3333	95	7	importance	importance	NOUN
ajfa-3333	95	8	of	of	ADP
ajfa-3333	95	9	this	this	DET
ajfa-3333	95	10	market	market	NOUN
ajfa-3333	95	11	,	,	PUNCT
ajfa-3333	95	12	in	in	ADP
ajfa-3333	95	13	case	case	NOUN
ajfa-3333	95	14	of	of	ADP
ajfa-3333	95	15	any	any	DET
ajfa-3333	95	16	big	big	ADJ
ajfa-3333	95	17	deviation	deviation	NOUN
ajfa-3333	95	18	in	in	ADP
ajfa-3333	95	19	this	this	DET
ajfa-3333	95	20	market	market	NOUN
ajfa-3333	95	21	,	,	PUNCT
ajfa-3333	95	22	the	the	DET
ajfa-3333	95	23	allocation	allocation	NOUN
ajfa-3333	95	24	of	of	ADP
ajfa-3333	95	25	financial	financial	ADJ
ajfa-3333	95	26	resources	resource	NOUN
ajfa-3333	95	27	of	of	ADP
ajfa-3333	95	28	the	the	DET
ajfa-3333	95	29	whole	whole	ADJ
ajfa-3333	95	30	country	country	NOUN
ajfa-3333	95	31	may	may	AUX
ajfa-3333	95	32	face	face	VERB
ajfa-3333	95	33	a	a	DET
ajfa-3333	95	34	great	great	ADJ
ajfa-3333	95	35	challenge	challenge	NOUN
ajfa-3333	95	36	.	.	PUNCT
ajfa-3333	96	1	one	one	NUM
ajfa-3333	96	2	of	of	ADP
ajfa-3333	96	3	the	the	DET
ajfa-3333	96	4	factors	factor	NOUN
ajfa-3333	96	5	that	that	PRON
ajfa-3333	96	6	may	may	AUX
ajfa-3333	96	7	cause	cause	VERB
ajfa-3333	96	8	problem	problem	NOUN
ajfa-3333	96	9	is	be	AUX
ajfa-3333	96	10	price	price	NOUN
ajfa-3333	96	11	bubble	bubble	NOUN
ajfa-3333	96	12	.	.	PUNCT
ajfa-3333	97	1	in	in	ADP
ajfa-3333	97	2	general	general	ADJ
ajfa-3333	97	3	,	,	PUNCT
ajfa-3333	97	4	when	when	SCONJ
ajfa-3333	97	5	the	the	DET
ajfa-3333	97	6	price	price	NOUN
ajfa-3333	97	7	of	of	ADP
ajfa-3333	97	8	a	a	DET
ajfa-3333	97	9	stock	stock	NOUN
ajfa-3333	97	10	is	be	AUX
ajfa-3333	97	11	different	different	ADJ
ajfa-3333	97	12	from	from	ADP
ajfa-3333	97	13	the	the	DET
ajfa-3333	97	14	price	price	NOUN
ajfa-3333	97	15	expected	expect	VERB
ajfa-3333	97	16	in	in	ADP
ajfa-3333	97	17	the	the	DET
ajfa-3333	97	18	future	future	NOUN
ajfa-3333	97	19	,	,	PUNCT
ajfa-3333	97	20	the	the	DET
ajfa-3333	97	21	issue	issue	NOUN
ajfa-3333	97	22	of	of	ADP
ajfa-3333	97	23	bubble	bubble	NOUN
ajfa-3333	97	24	in	in	ADP
ajfa-3333	97	25	the	the	DET
ajfa-3333	97	26	market	market	NOUN
ajfa-3333	97	27	is	be	AUX
ajfa-3333	97	28	put	put	VERB
ajfa-3333	97	29	in	in	ADP
ajfa-3333	97	30	limelight	limelight	NOUN
ajfa-3333	97	31	.	.	PUNCT
ajfa-3333	98	1	this	this	DET
ajfa-3333	98	2	paper	paper	NOUN
ajfa-3333	98	3	aims	aim	VERB
ajfa-3333	98	4	to	to	PART
ajfa-3333	98	5	study	study	VERB
ajfa-3333	98	6	the	the	DET
ajfa-3333	98	7	credit	credit	NOUN
ajfa-3333	98	8	of	of	ADP
ajfa-3333	98	9	present	present	ADJ
ajfa-3333	98	10	value	value	NOUN
ajfa-3333	98	11	model	model	NOUN
ajfa-3333	98	12	with	with	ADP
ajfa-3333	98	13	time	time	NOUN
ajfa-3333	98	14	variable	variable	ADJ
ajfa-3333	98	15	expectation	expectation	NOUN
ajfa-3333	98	16	using	use	VERB
ajfa-3333	98	17	m	m	PROPN
ajfa-3333	98	18	-	-	PUNCT
ajfa-3333	98	19	tar	tar	NOUN
ajfa-3333	98	20	momentum	momentum	NOUN
ajfa-3333	98	21	threshold	threshold	NOUN
ajfa-3333	98	22	co	co	NOUN
ajfa-3333	98	23	-	-	NOUN
ajfa-3333	98	24	integration	integration	NOUN
ajfa-3333	98	25	,	,	PUNCT
ajfa-3333	98	26	and	and	CCONJ
ajfa-3333	98	27	it	it	PRON
ajfa-3333	98	28	tries	try	VERB
ajfa-3333	98	29	to	to	PART
ajfa-3333	98	30	answer	answer	VERB
ajfa-3333	98	31	if	if	SCONJ
ajfa-3333	98	32	there	there	PRON
ajfa-3333	98	33	is	be	VERB
ajfa-3333	98	34	any	any	DET
ajfa-3333	98	35	asymmetric	asymmetric	ADJ
ajfa-3333	98	36	adjustment	adjustment	NOUN
ajfa-3333	98	37	between	between	ADP
ajfa-3333	98	38	stock	stock	NOUN
ajfa-3333	98	39	prices	price	NOUN
ajfa-3333	98	40	and	and	CCONJ
ajfa-3333	98	41	cash	cash	NOUN
ajfa-3333	98	42	return	return	NOUN
ajfa-3333	98	43	on	on	ADP
ajfa-3333	98	44	asian	asian	ADJ
ajfa-3333	98	45	journal	journal	NOUN
ajfa-3333	98	46	of	of	ADP
ajfa-3333	98	47	finance	finance	PROPN
ajfa-3333	98	48	&	&	CCONJ
ajfa-3333	98	49	accounting	accounting	PROPN
ajfa-3333	98	50	issn	issn	PROPN
ajfa-3333	98	51	1946	1946	NUM
ajfa-3333	98	52	-	-	PUNCT
ajfa-3333	98	53	052x	052x	NOUN
ajfa-3333	98	54	2013	2013	NUM
ajfa-3333	98	55	,	,	PUNCT
ajfa-3333	98	56	vol	vol	NOUN
ajfa-3333	98	57	.	.	PROPN
ajfa-3333	98	58	5	5	NUM
ajfa-3333	98	59	,	,	PUNCT
ajfa-3333	98	60	no	no	INTJ
ajfa-3333	98	61	.	.	NOUN
ajfa-3333	98	62	1	1	NUM
ajfa-3333	98	63	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	98	64	280	280	NUM
ajfa-3333	98	65	stock	stock	NOUN
ajfa-3333	98	66	in	in	ADP
ajfa-3333	98	67	the	the	DET
ajfa-3333	98	68	stock	stock	NOUN
ajfa-3333	98	69	exchange	exchange	NOUN
ajfa-3333	98	70	of	of	ADP
ajfa-3333	98	71	tehran	tehran	PROPN
ajfa-3333	98	72	during	during	ADP
ajfa-3333	98	73	the	the	DET
ajfa-3333	98	74	long	long	ADJ
ajfa-3333	98	75	term	term	NOUN
ajfa-3333	98	76	from	from	ADP
ajfa-3333	98	77	2000	2000	NUM
ajfa-3333	98	78	to	to	ADP
ajfa-3333	98	79	november	november	PROPN
ajfa-3333	98	80	2008	2008	NUM
ajfa-3333	98	81	.	.	PUNCT
ajfa-3333	99	1	the	the	DET
ajfa-3333	99	2	results	result	NOUN
ajfa-3333	99	3	showed	show	VERB
ajfa-3333	99	4	that	that	SCONJ
ajfa-3333	99	5	there	there	PRON
ajfa-3333	99	6	is	be	VERB
ajfa-3333	99	7	no	no	DET
ajfa-3333	99	8	long	long	ADJ
ajfa-3333	99	9	-	-	PUNCT
ajfa-3333	99	10	term	term	NOUN
ajfa-3333	99	11	co	co	NOUN
ajfa-3333	99	12	-	-	NOUN
ajfa-3333	99	13	integration	integration	NOUN
ajfa-3333	99	14	relation	relation	NOUN
ajfa-3333	99	15	between	between	ADP
ajfa-3333	99	16	stock	stock	NOUN
ajfa-3333	99	17	price	price	NOUN
ajfa-3333	99	18	and	and	CCONJ
ajfa-3333	99	19	cash	cash	NOUN
ajfa-3333	99	20	return	return	NOUN
ajfa-3333	99	21	to	to	PART
ajfa-3333	99	22	indicate	indicate	VERB
ajfa-3333	99	23	that	that	SCONJ
ajfa-3333	99	24	there	there	PRON
ajfa-3333	99	25	is	be	VERB
ajfa-3333	99	26	a	a	DET
ajfa-3333	99	27	rational	rational	ADJ
ajfa-3333	99	28	bubble	bubble	NOUN
ajfa-3333	99	29	.	.	PUNCT
ajfa-3333	100	1	3	3	X
ajfa-3333	100	2	.	.	X
ajfa-3333	100	3	research	research	NOUN
ajfa-3333	100	4	hypothesis	hypothesis	NOUN
ajfa-3333	100	5	the	the	DET
ajfa-3333	100	6	hypotheses	hypothesis	NOUN
ajfa-3333	100	7	of	of	ADP
ajfa-3333	100	8	this	this	DET
ajfa-3333	100	9	research	research	NOUN
ajfa-3333	100	10	consist	consist	NOUN
ajfa-3333	100	11	of	of	ADP
ajfa-3333	100	12	two	two	NUM
ajfa-3333	100	13	main	main	ADJ
ajfa-3333	100	14	and	and	CCONJ
ajfa-3333	100	15	three	three	NUM
ajfa-3333	100	16	auxiliary	auxiliary	ADJ
ajfa-3333	100	17	hypotheses	hypothesis	NOUN
ajfa-3333	100	18	as	as	SCONJ
ajfa-3333	100	19	follows	follow	VERB
ajfa-3333	100	20	:	:	PUNCT
ajfa-3333	100	21	3.1	3.1	NUM
ajfa-3333	100	22	main	main	ADJ
ajfa-3333	100	23	hypotheses	hypothesis	NOUN
ajfa-3333	100	24	1change	1change	PROPN
ajfa-3333	100	25	in	in	ADP
ajfa-3333	100	26	fundamental	fundamental	ADJ
ajfa-3333	100	27	variables	variable	NOUN
ajfa-3333	100	28	is	be	AUX
ajfa-3333	100	29	effective	effective	ADJ
ajfa-3333	100	30	in	in	ADP
ajfa-3333	100	31	the	the	DET
ajfa-3333	100	32	changes	change	NOUN
ajfa-3333	100	33	of	of	ADP
ajfa-3333	100	34	stock	stock	NOUN
ajfa-3333	100	35	price	price	NOUN
ajfa-3333	100	36	.	.	PUNCT
ajfa-3333	101	1	2change	2change	NUM
ajfa-3333	101	2	in	in	ADP
ajfa-3333	101	3	the	the	DET
ajfa-3333	101	4	signs	sign	NOUN
ajfa-3333	101	5	of	of	ADP
ajfa-3333	101	6	mass	mass	ADJ
ajfa-3333	101	7	behavior	behavior	NOUN
ajfa-3333	101	8	is	be	AUX
ajfa-3333	101	9	effective	effective	ADJ
ajfa-3333	101	10	in	in	ADP
ajfa-3333	101	11	the	the	DET
ajfa-3333	101	12	changes	change	NOUN
ajfa-3333	101	13	of	of	ADP
ajfa-3333	101	14	stock	stock	NOUN
ajfa-3333	101	15	price	price	NOUN
ajfa-3333	101	16	.	.	PUNCT
ajfa-3333	102	1	3.2	3.2	NUM
ajfa-3333	102	2	auxiliary	auxiliary	ADJ
ajfa-3333	102	3	hypotheses	hypothesis	NOUN
ajfa-3333	102	4	1change	1change	PROPN
ajfa-3333	102	5	in	in	ADP
ajfa-3333	102	6	earning	earn	VERB
ajfa-3333	102	7	is	be	AUX
ajfa-3333	102	8	effective	effective	ADJ
ajfa-3333	102	9	in	in	ADP
ajfa-3333	102	10	the	the	DET
ajfa-3333	102	11	changes	change	NOUN
ajfa-3333	102	12	of	of	ADP
ajfa-3333	102	13	stock	stock	NOUN
ajfa-3333	102	14	price	price	NOUN
ajfa-3333	102	15	.	.	PUNCT
ajfa-3333	103	1	2change	2change	NUM
ajfa-3333	103	2	in	in	ADP
ajfa-3333	103	3	the	the	DET
ajfa-3333	103	4	ratio	ratio	NOUN
ajfa-3333	103	5	of	of	ADP
ajfa-3333	103	6	debt	debt	NOUN
ajfa-3333	103	7	to	to	ADP
ajfa-3333	103	8	shareholder	shareholder	NOUN
ajfa-3333	103	9	’s	’s	PART
ajfa-3333	103	10	equity	equity	NOUN
ajfa-3333	103	11	is	be	AUX
ajfa-3333	103	12	effective	effective	ADJ
ajfa-3333	103	13	in	in	ADP
ajfa-3333	103	14	the	the	DET
ajfa-3333	103	15	changes	change	NOUN
ajfa-3333	103	16	of	of	ADP
ajfa-3333	103	17	stock	stock	NOUN
ajfa-3333	103	18	price	price	NOUN
ajfa-3333	103	19	.	.	PUNCT
ajfa-3333	104	1	3change	3change	NUM
ajfa-3333	104	2	in	in	ADP
ajfa-3333	104	3	price	price	NOUN
ajfa-3333	104	4	fluctuation	fluctuation	NOUN
ajfa-3333	104	5	is	be	AUX
ajfa-3333	104	6	effective	effective	ADJ
ajfa-3333	104	7	in	in	ADP
ajfa-3333	104	8	the	the	DET
ajfa-3333	104	9	changes	change	NOUN
ajfa-3333	104	10	of	of	ADP
ajfa-3333	104	11	stock	stock	NOUN
ajfa-3333	104	12	price	price	NOUN
ajfa-3333	104	13	.	.	PUNCT
ajfa-3333	105	1	4	4	X
ajfa-3333	105	2	.	.	X
ajfa-3333	105	3	research	research	NOUN
ajfa-3333	105	4	method	method	NOUN
ajfa-3333	105	5	this	this	DET
ajfa-3333	105	6	research	research	NOUN
ajfa-3333	105	7	uses	use	VERB
ajfa-3333	105	8	an	an	DET
ajfa-3333	105	9	applied	apply	VERB
ajfa-3333	105	10	method	method	NOUN
ajfa-3333	105	11	for	for	ADP
ajfa-3333	105	12	performance	performance	NOUN
ajfa-3333	105	13	evaluation	evaluation	NOUN
ajfa-3333	105	14	.	.	PUNCT
ajfa-3333	106	1	the	the	DET
ajfa-3333	106	2	samples	sample	NOUN
ajfa-3333	106	3	are	be	AUX
ajfa-3333	106	4	taken	take	VERB
ajfa-3333	106	5	using	use	VERB
ajfa-3333	106	6	random	random	ADJ
ajfa-3333	106	7	method	method	NOUN
ajfa-3333	106	8	,	,	PUNCT
ajfa-3333	106	9	and	and	CCONJ
ajfa-3333	106	10	the	the	DET
ajfa-3333	106	11	results	result	NOUN
ajfa-3333	106	12	are	be	AUX
ajfa-3333	106	13	generalized	generalize	VERB
ajfa-3333	106	14	to	to	ADP
ajfa-3333	106	15	the	the	DET
ajfa-3333	106	16	statistical	statistical	ADJ
ajfa-3333	106	17	population	population	NOUN
ajfa-3333	106	18	by	by	ADP
ajfa-3333	106	19	induction	induction	NOUN
ajfa-3333	106	20	.	.	PUNCT
ajfa-3333	107	1	for	for	ADP
ajfa-3333	107	2	this	this	DET
ajfa-3333	107	3	purpose	purpose	NOUN
ajfa-3333	107	4	,	,	PUNCT
ajfa-3333	107	5	inductive	inductive	ADJ
ajfa-3333	107	6	–	–	PUNCT
ajfa-3333	107	7	descriptive	descriptive	ADJ
ajfa-3333	107	8	method	method	NOUN
ajfa-3333	107	9	has	have	AUX
ajfa-3333	107	10	been	be	AUX
ajfa-3333	107	11	used	use	VERB
ajfa-3333	107	12	.	.	PUNCT
ajfa-3333	108	1	as	as	SCONJ
ajfa-3333	108	2	this	this	DET
ajfa-3333	108	3	method	method	NOUN
ajfa-3333	108	4	uses	use	VERB
ajfa-3333	108	5	the	the	DET
ajfa-3333	108	6	previous	previous	ADJ
ajfa-3333	108	7	operational	operational	ADJ
ajfa-3333	108	8	data	datum	NOUN
ajfa-3333	108	9	,	,	PUNCT
ajfa-3333	108	10	it	it	PRON
ajfa-3333	108	11	is	be	AUX
ajfa-3333	108	12	an	an	DET
ajfa-3333	108	13	ex	ex	NOUN
ajfa-3333	108	14	-	-	ADJ
ajfa-3333	108	15	post	post	ADJ
ajfa-3333	108	16	facto	facto	X
ajfa-3333	108	17	research	research	NOUN
ajfa-3333	108	18	.	.	PUNCT
ajfa-3333	109	1	4.1	4.1	NUM
ajfa-3333	109	2	statistical	statistical	ADJ
ajfa-3333	109	3	population	population	NOUN
ajfa-3333	109	4	and	and	CCONJ
ajfa-3333	109	5	sample	sample	VERB
ajfa-3333	109	6	the	the	DET
ajfa-3333	109	7	statistical	statistical	ADJ
ajfa-3333	109	8	population	population	NOUN
ajfa-3333	109	9	of	of	ADP
ajfa-3333	109	10	this	this	DET
ajfa-3333	109	11	research	research	NOUN
ajfa-3333	109	12	is	be	AUX
ajfa-3333	109	13	composed	compose	VERB
ajfa-3333	109	14	of	of	ADP
ajfa-3333	109	15	the	the	DET
ajfa-3333	109	16	manufacturing	manufacture	VERB
ajfa-3333	109	17	companies	company	NOUN
ajfa-3333	109	18	of	of	ADP
ajfa-3333	109	19	the	the	DET
ajfa-3333	109	20	stock	stock	NOUN
ajfa-3333	109	21	exchange	exchange	NOUN
ajfa-3333	109	22	of	of	ADP
ajfa-3333	109	23	tehran	tehran	PROPN
ajfa-3333	109	24	during	during	ADP
ajfa-3333	109	25	the	the	DET
ajfa-3333	109	26	period	period	NOUN
ajfa-3333	109	27	from	from	ADP
ajfa-3333	109	28	2005	2005	NUM
ajfa-3333	109	29	to	to	ADP
ajfa-3333	109	30	the	the	DET
ajfa-3333	109	31	fiscal	fiscal	ADJ
ajfa-3333	109	32	year	year	NOUN
ajfa-3333	109	33	2010	2010	NUM
ajfa-3333	109	34	ending	end	VERB
ajfa-3333	109	35	to	to	ADP
ajfa-3333	109	36	march	march	PROPN
ajfa-3333	109	37	19	19	NUM
ajfa-3333	109	38	.	.	PUNCT
ajfa-3333	110	1	in	in	ADP
ajfa-3333	110	2	this	this	DET
ajfa-3333	110	3	research	research	NOUN
ajfa-3333	110	4	,	,	PUNCT
ajfa-3333	110	5	simple	simple	ADJ
ajfa-3333	110	6	random	random	ADJ
ajfa-3333	110	7	sampling	sampling	NOUN
ajfa-3333	110	8	method	method	NOUN
ajfa-3333	110	9	has	have	AUX
ajfa-3333	110	10	been	be	AUX
ajfa-3333	110	11	applied	apply	VERB
ajfa-3333	110	12	.	.	PUNCT
ajfa-3333	111	1	to	to	PART
ajfa-3333	111	2	determine	determine	VERB
ajfa-3333	111	3	the	the	DET
ajfa-3333	111	4	volume	volume	NOUN
ajfa-3333	111	5	of	of	ADP
ajfa-3333	111	6	statistical	statistical	ADJ
ajfa-3333	111	7	sample	sample	NOUN
ajfa-3333	111	8	of	of	ADP
ajfa-3333	111	9	this	this	DET
ajfa-3333	111	10	research	research	NOUN
ajfa-3333	111	11	,	,	PUNCT
ajfa-3333	111	12	a	a	DET
ajfa-3333	111	13	pilot	pilot	NOUN
ajfa-3333	111	14	random	random	ADJ
ajfa-3333	111	15	sample	sample	NOUN
ajfa-3333	111	16	of	of	ADP
ajfa-3333	111	17	ten	ten	NUM
ajfa-3333	111	18	companies	company	NOUN
ajfa-3333	111	19	has	have	AUX
ajfa-3333	111	20	been	be	AUX
ajfa-3333	111	21	selected	select	VERB
ajfa-3333	111	22	.	.	PUNCT
ajfa-3333	112	1	thereafter	thereafter	ADV
ajfa-3333	112	2	,	,	PUNCT
ajfa-3333	112	3	s2	s2	PROPN
ajfa-3333	112	4	(	(	PUNCT
ajfa-3333	112	5	variance	variance	NOUN
ajfa-3333	112	6	)	)	PUNCT
ajfa-3333	112	7	has	have	AUX
ajfa-3333	112	8	been	be	AUX
ajfa-3333	112	9	calculated	calculate	VERB
ajfa-3333	112	10	in	in	ADP
ajfa-3333	112	11	these	these	DET
ajfa-3333	112	12	sampled	sample	VERB
ajfa-3333	112	13	companies	company	NOUN
ajfa-3333	112	14	for	for	ADP
ajfa-3333	112	15	the	the	DET
ajfa-3333	112	16	dependent	dependent	ADJ
ajfa-3333	112	17	variable	variable	NOUN
ajfa-3333	112	18	,	,	PUNCT
ajfa-3333	112	19	and	and	CCONJ
ajfa-3333	112	20	finally	finally	ADV
ajfa-3333	112	21	65	65	NUM
ajfa-3333	112	22	companies	company	NOUN
ajfa-3333	112	23	were	be	AUX
ajfa-3333	112	24	selected	select	VERB
ajfa-3333	112	25	using	use	VERB
ajfa-3333	112	26	an	an	DET
ajfa-3333	112	27	appropriate	appropriate	ADJ
ajfa-3333	112	28	formula	formula	NOUN
ajfa-3333	112	29	.	.	PUNCT
ajfa-3333	113	1	4.2	4.2	NUM
ajfa-3333	113	2	data	datum	NOUN
ajfa-3333	113	3	analysis	analysis	NOUN
ajfa-3333	113	4	method	method	NOUN
ajfa-3333	113	5	to	to	PART
ajfa-3333	113	6	describe	describe	VERB
ajfa-3333	113	7	the	the	DET
ajfa-3333	113	8	skew	skew	NOUN
ajfa-3333	113	9	and	and	CCONJ
ajfa-3333	113	10	kurtosis	kurtosis	NOUN
ajfa-3333	113	11	of	of	ADP
ajfa-3333	113	12	data	datum	NOUN
ajfa-3333	113	13	,	,	PUNCT
ajfa-3333	113	14	mean	mean	NOUN
ajfa-3333	113	15	and	and	CCONJ
ajfa-3333	113	16	median	median	NOUN
ajfa-3333	113	17	of	of	ADP
ajfa-3333	113	18	standard	standard	ADJ
ajfa-3333	113	19	deviation	deviation	NOUN
ajfa-3333	113	20	have	have	AUX
ajfa-3333	113	21	been	be	AUX
ajfa-3333	113	22	used	use	VERB
ajfa-3333	113	23	.	.	PUNCT
ajfa-3333	114	1	to	to	PART
ajfa-3333	114	2	analyze	analyze	VERB
ajfa-3333	114	3	the	the	DET
ajfa-3333	114	4	results	result	NOUN
ajfa-3333	114	5	,	,	PUNCT
ajfa-3333	114	6	the	the	DET
ajfa-3333	114	7	tests	test	NOUN
ajfa-3333	114	8	of	of	ADP
ajfa-3333	114	9	variable	variable	ADJ
ajfa-3333	114	10	distribution	distribution	NOUN
ajfa-3333	114	11	normality	normality	NOUN
ajfa-3333	114	12	,	,	PUNCT
ajfa-3333	114	13	linear	linear	ADJ
ajfa-3333	114	14	independence	independence	NOUN
ajfa-3333	114	15	of	of	ADP
ajfa-3333	114	16	independent	independent	ADJ
ajfa-3333	114	17	variables	variable	NOUN
ajfa-3333	114	18	,	,	PUNCT
ajfa-3333	114	19	residue	residue	NOUN
ajfa-3333	114	20	distribution	distribution	NOUN
ajfa-3333	114	21	normality	normality	NOUN
ajfa-3333	114	22	were	be	AUX
ajfa-3333	114	23	applied	apply	VERB
ajfa-3333	114	24	.	.	PUNCT
ajfa-3333	115	1	variance	variance	NOUN
ajfa-3333	115	2	stability	stability	NOUN
ajfa-3333	115	3	has	have	AUX
ajfa-3333	115	4	been	be	AUX
ajfa-3333	115	5	also	also	ADV
ajfa-3333	115	6	used	use	VERB
ajfa-3333	115	7	as	as	ADP
ajfa-3333	115	8	the	the	DET
ajfa-3333	115	9	presupposition	presupposition	NOUN
ajfa-3333	115	10	of	of	ADP
ajfa-3333	115	11	a	a	DET
ajfa-3333	115	12	multiple	multiple	ADJ
ajfa-3333	115	13	linear	linear	ADJ
ajfa-3333	115	14	regression	regression	NOUN
ajfa-3333	115	15	.	.	PUNCT
ajfa-3333	116	1	to	to	PART
ajfa-3333	116	2	evaluate	evaluate	VERB
ajfa-3333	116	3	the	the	DET
ajfa-3333	116	4	relation	relation	NOUN
ajfa-3333	116	5	between	between	ADP
ajfa-3333	116	6	variables	variable	NOUN
ajfa-3333	116	7	,	,	PUNCT
ajfa-3333	116	8	fisher	fisher	NOUN
ajfa-3333	116	9	,	,	PUNCT
ajfa-3333	116	10	correlation	correlation	NOUN
ajfa-3333	116	11	,	,	PUNCT
ajfa-3333	116	12	linearity	linearity	NOUN
ajfa-3333	116	13	,	,	PUNCT
ajfa-3333	116	14	and	and	CCONJ
ajfa-3333	116	15	independent	independent	ADJ
ajfa-3333	116	16	tests	test	NOUN
ajfa-3333	116	17	have	have	AUX
ajfa-3333	116	18	been	be	AUX
ajfa-3333	116	19	applied	apply	VERB
ajfa-3333	116	20	.	.	PUNCT
ajfa-3333	117	1	4.3	4.3	NUM
ajfa-3333	117	2	research	research	NOUN
ajfa-3333	117	3	models	model	NOUN
ajfa-3333	117	4	asian	asian	ADJ
ajfa-3333	117	5	journal	journal	NOUN
ajfa-3333	117	6	of	of	ADP
ajfa-3333	117	7	finance	finance	PROPN
ajfa-3333	117	8	&	&	CCONJ
ajfa-3333	117	9	accounting	accounting	PROPN
ajfa-3333	117	10	issn	issn	PROPN
ajfa-3333	117	11	1946	1946	NUM
ajfa-3333	117	12	-	-	PUNCT
ajfa-3333	117	13	052x	052x	NOUN
ajfa-3333	117	14	2013	2013	NUM
ajfa-3333	117	15	,	,	PUNCT
ajfa-3333	117	16	vol	vol	NOUN
ajfa-3333	117	17	.	.	PROPN
ajfa-3333	117	18	5	5	NUM
ajfa-3333	117	19	,	,	PUNCT
ajfa-3333	117	20	no	no	INTJ
ajfa-3333	117	21	.	.	NOUN
ajfa-3333	117	22	1	1	NUM
ajfa-3333	117	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	117	24	281	281	NUM
ajfa-3333	117	25	the	the	DET
ajfa-3333	117	26	model	model	NOUN
ajfa-3333	117	27	of	of	ADP
ajfa-3333	117	28	the	the	DET
ajfa-3333	117	29	first	first	ADJ
ajfa-3333	117	30	and	and	CCONJ
ajfa-3333	117	31	second	second	ADJ
ajfa-3333	117	32	hypotheses	hypothesis	NOUN
ajfa-3333	117	33	has	have	AUX
ajfa-3333	117	34	been	be	AUX
ajfa-3333	117	35	defined	define	VERB
ajfa-3333	117	36	in	in	ADP
ajfa-3333	117	37	general	general	ADJ
ajfa-3333	117	38	as	as	SCONJ
ajfa-3333	117	39	follows	follow	VERB
ajfa-3333	117	40	:	:	PUNCT
ajfa-3333	117	41	y	y	PROPN
ajfa-3333	117	42	=	=	SYM
ajfa-3333	117	43	f	f	PROPN
ajfa-3333	117	44	(	(	PUNCT
ajfa-3333	117	45	x1	x1	PROPN
ajfa-3333	117	46	،	،	X
ajfa-3333	117	47	x2	x2	PROPN
ajfa-3333	117	48	)	)	PUNCT
ajfa-3333	117	49	y	y	PROPN
ajfa-3333	118	1	=	=	PUNCT
ajfa-3333	118	2	dependent	dependent	ADJ
ajfa-3333	118	3	variable	variable	NOUN
ajfa-3333	118	4	(	(	PUNCT
ajfa-3333	118	5	price	price	NOUN
ajfa-3333	118	6	changes	change	NOUN
ajfa-3333	118	7	in	in	ADP
ajfa-3333	118	8	comparison	comparison	NOUN
ajfa-3333	118	9	to	to	ADP
ajfa-3333	118	10	the	the	DET
ajfa-3333	118	11	previous	previous	ADJ
ajfa-3333	118	12	year	year	NOUN
ajfa-3333	118	13	)	)	PUNCT
ajfa-3333	119	1	x1=	x1=	PROPN
ajfa-3333	119	2	first	first	ADJ
ajfa-3333	119	3	independent	independent	ADJ
ajfa-3333	119	4	variable	variable	NOUN
ajfa-3333	119	5	(	(	PUNCT
ajfa-3333	119	6	changes	change	NOUN
ajfa-3333	119	7	in	in	ADP
ajfa-3333	119	8	earnings	earning	NOUN
ajfa-3333	119	9	in	in	ADP
ajfa-3333	119	10	comparison	comparison	NOUN
ajfa-3333	119	11	to	to	ADP
ajfa-3333	119	12	the	the	DET
ajfa-3333	119	13	previous	previous	ADJ
ajfa-3333	119	14	year	year	NOUN
ajfa-3333	119	15	)	)	PUNCT
ajfa-3333	119	16	x2=	x2=	PUNCT
ajfa-3333	120	1	second	second	ADJ
ajfa-3333	120	2	independent	independent	ADJ
ajfa-3333	120	3	variable	variable	NOUN
ajfa-3333	120	4	(	(	PUNCT
ajfa-3333	120	5	changes	change	NOUN
ajfa-3333	120	6	in	in	ADP
ajfa-3333	120	7	the	the	DET
ajfa-3333	120	8	ratio	ratio	NOUN
ajfa-3333	120	9	of	of	ADP
ajfa-3333	120	10	debt	debt	NOUN
ajfa-3333	120	11	to	to	ADP
ajfa-3333	120	12	shareholder	shareholder	NOUN
ajfa-3333	120	13	’s	’s	PART
ajfa-3333	120	14	equity	equity	NOUN
ajfa-3333	120	15	)	)	PUNCT
ajfa-3333	121	1	the	the	DET
ajfa-3333	121	2	mathematic	mathematic	ADJ
ajfa-3333	121	3	relation	relation	NOUN
ajfa-3333	121	4	between	between	ADP
ajfa-3333	121	5	dependent	dependent	ADJ
ajfa-3333	121	6	variable	variable	NOUN
ajfa-3333	121	7	(	(	PUNCT
ajfa-3333	121	8	price	price	NOUN
ajfa-3333	121	9	change	change	NOUN
ajfa-3333	121	10	)	)	PUNCT
ajfa-3333	121	11	and	and	CCONJ
ajfa-3333	121	12	independent	independent	ADJ
ajfa-3333	121	13	variables	variable	NOUN
ajfa-3333	121	14	is	be	AUX
ajfa-3333	121	15	determined	determine	VERB
ajfa-3333	121	16	using	use	VERB
ajfa-3333	121	17	f	f	X
ajfa-3333	121	18	:	:	PUNCT
ajfa-3333	121	19	multiple	multiple	ADJ
ajfa-3333	121	20	linear	linear	ADJ
ajfa-3333	121	21	regression	regression	NOUN
ajfa-3333	121	22	equation	equation	NOUN
ajfa-3333	121	23	as	as	SCONJ
ajfa-3333	121	24	follows	follow	VERB
ajfa-3333	121	25	:	:	PUNCT
ajfa-3333	122	1	y	y	PROPN
ajfa-3333	122	2	=	=	PUNCT
ajfa-3333	122	3	α	α	PROPN
ajfa-3333	122	4	+	+	X
ajfa-3333	122	5	β1x1	β1x1	PUNCT
ajfa-3333	123	1	+	+	NUM
ajfa-3333	123	2	β2x2	β2x2	PUNCT
ajfa-3333	123	3	the	the	DET
ajfa-3333	123	4	model	model	NOUN
ajfa-3333	123	5	of	of	ADP
ajfa-3333	123	6	the	the	DET
ajfa-3333	123	7	third	third	ADJ
ajfa-3333	123	8	auxiliary	auxiliary	ADJ
ajfa-3333	123	9	hypothesis	hypothesis	NOUN
ajfa-3333	123	10	has	have	AUX
ajfa-3333	123	11	been	be	AUX
ajfa-3333	123	12	presented	present	VERB
ajfa-3333	123	13	in	in	ADP
ajfa-3333	123	14	the	the	DET
ajfa-3333	123	15	following	follow	VERB
ajfa-3333	123	16	form	form	NOUN
ajfa-3333	123	17	:	:	PUNCT
ajfa-3333	123	18	y	y	PROPN
ajfa-3333	123	19	=	=	SYM
ajfa-3333	123	20	f	f	PROPN
ajfa-3333	123	21	(	(	PUNCT
ajfa-3333	123	22	x	x	X
ajfa-3333	123	23	)	)	PUNCT
ajfa-3333	123	24	y	y	NOUN
ajfa-3333	123	25	=	=	PUNCT
ajfa-3333	123	26	dependent	dependent	ADJ
ajfa-3333	123	27	variable	variable	NOUN
ajfa-3333	123	28	(	(	PUNCT
ajfa-3333	123	29	price	price	NOUN
ajfa-3333	123	30	changes	change	NOUN
ajfa-3333	123	31	in	in	ADP
ajfa-3333	123	32	comparison	comparison	NOUN
ajfa-3333	123	33	to	to	ADP
ajfa-3333	123	34	the	the	DET
ajfa-3333	123	35	previous	previous	ADJ
ajfa-3333	123	36	year	year	NOUN
ajfa-3333	123	37	)	)	PUNCT
ajfa-3333	123	38	x=	x=	PUNCT
ajfa-3333	124	1	independent	independent	ADJ
ajfa-3333	124	2	variable	variable	NOUN
ajfa-3333	124	3	(	(	PUNCT
ajfa-3333	124	4	changes	change	NOUN
ajfa-3333	124	5	in	in	ADP
ajfa-3333	124	6	price	price	NOUN
ajfa-3333	124	7	fluctuation	fluctuation	NOUN
ajfa-3333	124	8	in	in	ADP
ajfa-3333	124	9	comparison	comparison	NOUN
ajfa-3333	124	10	to	to	ADP
ajfa-3333	124	11	the	the	DET
ajfa-3333	124	12	previous	previous	ADJ
ajfa-3333	124	13	month	month	NOUN
ajfa-3333	124	14	)	)	PUNCT
ajfa-3333	124	15	the	the	DET
ajfa-3333	124	16	mathematic	mathematic	ADJ
ajfa-3333	124	17	relation	relation	NOUN
ajfa-3333	124	18	between	between	ADP
ajfa-3333	124	19	dependent	dependent	ADJ
ajfa-3333	124	20	variable	variable	NOUN
ajfa-3333	124	21	(	(	PUNCT
ajfa-3333	124	22	changes	change	NOUN
ajfa-3333	124	23	in	in	ADP
ajfa-3333	124	24	price	price	NOUN
ajfa-3333	124	25	)	)	PUNCT
ajfa-3333	124	26	and	and	CCONJ
ajfa-3333	124	27	independent	independent	ADJ
ajfa-3333	124	28	variable	variable	NOUN
ajfa-3333	124	29	is	be	AUX
ajfa-3333	124	30	determined	determine	VERB
ajfa-3333	124	31	using	use	VERB
ajfa-3333	124	32	panel	panel	NOUN
ajfa-3333	124	33	data	datum	NOUN
ajfa-3333	124	34	as	as	SCONJ
ajfa-3333	124	35	follows	follow	VERB
ajfa-3333	124	36	:	:	PUNCT
ajfa-3333	125	1	y	y	PROPN
ajfa-3333	125	2	=	=	PUNCT
ajfa-3333	125	3	α	α	PROPN
ajfa-3333	126	1	+	+	X
ajfa-3333	126	2	βx	βx	PROPN
ajfa-3333	126	3	α	α	PROPN
ajfa-3333	126	4	،	،	PROPN
ajfa-3333	126	5	β	β	X
ajfa-3333	126	6	are	be	AUX
ajfa-3333	126	7	parameters	parameter	NOUN
ajfa-3333	126	8	of	of	ADP
ajfa-3333	126	9	panel	panel	NOUN
ajfa-3333	126	10	data	datum	NOUN
ajfa-3333	126	11	regression	regression	NOUN
ajfa-3333	126	12	equation	equation	NOUN
ajfa-3333	126	13	,	,	PUNCT
ajfa-3333	126	14	and	and	CCONJ
ajfa-3333	126	15	are	be	AUX
ajfa-3333	126	16	calculated	calculate	VERB
ajfa-3333	126	17	using	use	VERB
ajfa-3333	126	18	panel	panel	NOUN
ajfa-3333	126	19	data	datum	NOUN
ajfa-3333	126	20	estimations	estimation	NOUN
ajfa-3333	126	21	based	base	VERB
ajfa-3333	126	22	on	on	ADP
ajfa-3333	126	23	the	the	DET
ajfa-3333	126	24	performance	performance	NOUN
ajfa-3333	126	25	of	of	ADP
ajfa-3333	126	26	companies	company	NOUN
ajfa-3333	126	27	in	in	ADP
ajfa-3333	126	28	stock	stock	NOUN
ajfa-3333	126	29	exchange	exchange	NOUN
ajfa-3333	126	30	for	for	ADP
ajfa-3333	126	31	each	each	DET
ajfa-3333	126	32	month	month	NOUN
ajfa-3333	126	33	of	of	ADP
ajfa-3333	126	34	a	a	DET
ajfa-3333	126	35	six	six	NUM
ajfa-3333	126	36	-	-	PUNCT
ajfa-3333	126	37	year	year	NOUN
ajfa-3333	126	38	period	period	NOUN
ajfa-3333	126	39	beginning	begin	VERB
ajfa-3333	126	40	from	from	ADP
ajfa-3333	126	41	2005	2005	NUM
ajfa-3333	126	42	ending	end	VERB
ajfa-3333	126	43	to	to	ADP
ajfa-3333	126	44	2010	2010	NUM
ajfa-3333	126	45	.	.	PUNCT
ajfa-3333	127	1	5	5	X
ajfa-3333	127	2	.	.	PUNCT
ajfa-3333	127	3	research	research	NOUN
ajfa-3333	127	4	findings	finding	NOUN
ajfa-3333	127	5	in	in	ADP
ajfa-3333	127	6	the	the	DET
ajfa-3333	127	7	following	following	ADJ
ajfa-3333	127	8	tables	table	NOUN
ajfa-3333	127	9	,	,	PUNCT
ajfa-3333	127	10	central	central	ADJ
ajfa-3333	127	11	indices	index	NOUN
ajfa-3333	127	12	including	include	VERB
ajfa-3333	127	13	mean	mean	ADJ
ajfa-3333	127	14	,	,	PUNCT
ajfa-3333	127	15	median	median	ADJ
ajfa-3333	127	16	,	,	PUNCT
ajfa-3333	127	17	and	and	CCONJ
ajfa-3333	127	18	dispersion	dispersion	NOUN
ajfa-3333	127	19	indices	index	NOUN
ajfa-3333	127	20	including	include	VERB
ajfa-3333	127	21	standard	standard	ADJ
ajfa-3333	127	22	deviation	deviation	NOUN
ajfa-3333	127	23	,	,	PUNCT
ajfa-3333	127	24	kurtosis	kurtosis	NOUN
ajfa-3333	127	25	,	,	PUNCT
ajfa-3333	127	26	and	and	CCONJ
ajfa-3333	127	27	skewness	skewness	NOUN
ajfa-3333	127	28	were	be	AUX
ajfa-3333	127	29	calculated	calculate	VERB
ajfa-3333	127	30	for	for	ADP
ajfa-3333	127	31	different	different	ADJ
ajfa-3333	127	32	variables	variable	NOUN
ajfa-3333	127	33	.	.	PUNCT
ajfa-3333	128	1	as	as	SCONJ
ajfa-3333	128	2	the	the	DET
ajfa-3333	128	3	mean	mean	NOUN
ajfa-3333	128	4	is	be	AUX
ajfa-3333	128	5	greater	great	ADJ
ajfa-3333	128	6	than	than	ADP
ajfa-3333	128	7	the	the	DET
ajfa-3333	128	8	median	median	NOUN
ajfa-3333	128	9	,	,	PUNCT
ajfa-3333	128	10	it	it	PRON
ajfa-3333	128	11	is	be	AUX
ajfa-3333	128	12	proved	prove	VERB
ajfa-3333	128	13	that	that	SCONJ
ajfa-3333	128	14	there	there	PRON
ajfa-3333	128	15	are	be	VERB
ajfa-3333	128	16	big	big	ADJ
ajfa-3333	128	17	points	point	NOUN
ajfa-3333	128	18	in	in	ADP
ajfa-3333	128	19	the	the	DET
ajfa-3333	128	20	data	datum	NOUN
ajfa-3333	128	21	.	.	PUNCT
ajfa-3333	129	1	(	(	PUNCT
ajfa-3333	129	2	table	table	NOUN
ajfa-3333	129	3	1	1	NUM
ajfa-3333	129	4	&	&	CCONJ
ajfa-3333	129	5	2	2	NUM
ajfa-3333	129	6	)	)	PUNCT
ajfa-3333	129	7	the	the	DET
ajfa-3333	129	8	variable	variable	ADJ
ajfa-3333	129	9	distribution	distribution	NOUN
ajfa-3333	129	10	normality	normality	NOUN
ajfa-3333	129	11	test	test	NOUN
ajfa-3333	129	12	shows	show	VERB
ajfa-3333	129	13	that	that	SCONJ
ajfa-3333	129	14	the	the	DET
ajfa-3333	129	15	distribution	distribution	NOUN
ajfa-3333	129	16	of	of	ADP
ajfa-3333	129	17	variables	variable	NOUN
ajfa-3333	129	18	has	have	AUX
ajfa-3333	129	19	not	not	PART
ajfa-3333	129	20	been	be	AUX
ajfa-3333	129	21	normal	normal	ADJ
ajfa-3333	129	22	at	at	ADP
ajfa-3333	129	23	the	the	DET
ajfa-3333	129	24	level	level	NOUN
ajfa-3333	129	25	of	of	ADP
ajfa-3333	129	26	five	five	NUM
ajfa-3333	129	27	percent	percent	NOUN
ajfa-3333	129	28	.	.	PUNCT
ajfa-3333	130	1	therefore	therefore	ADV
ajfa-3333	130	2	,	,	PUNCT
ajfa-3333	130	3	the	the	DET
ajfa-3333	130	4	logarithm	logarithm	NOUN
ajfa-3333	130	5	of	of	ADP
ajfa-3333	130	6	variables	variable	NOUN
ajfa-3333	130	7	has	have	AUX
ajfa-3333	130	8	been	be	AUX
ajfa-3333	130	9	used	use	VERB
ajfa-3333	130	10	to	to	PART
ajfa-3333	130	11	evaluate	evaluate	VERB
ajfa-3333	130	12	the	the	DET
ajfa-3333	130	13	relation	relation	NOUN
ajfa-3333	130	14	among	among	ADP
ajfa-3333	130	15	the	the	DET
ajfa-3333	130	16	variables	variable	NOUN
ajfa-3333	130	17	.	.	PUNCT
ajfa-3333	131	1	to	to	PART
ajfa-3333	131	2	evaluate	evaluate	VERB
ajfa-3333	131	3	the	the	DET
ajfa-3333	131	4	linear	linear	ADJ
ajfa-3333	131	5	independence	independence	NOUN
ajfa-3333	131	6	among	among	ADP
ajfa-3333	131	7	independent	independent	ADJ
ajfa-3333	131	8	variables	variable	NOUN
ajfa-3333	131	9	,	,	PUNCT
ajfa-3333	131	10	pearson	pearson	PROPN
ajfa-3333	131	11	correlation	correlation	NOUN
ajfa-3333	131	12	analysis	analysis	NOUN
ajfa-3333	131	13	has	have	AUX
ajfa-3333	131	14	been	be	AUX
ajfa-3333	131	15	used	use	VERB
ajfa-3333	131	16	.	.	PUNCT
ajfa-3333	132	1	as	as	SCONJ
ajfa-3333	132	2	the	the	DET
ajfa-3333	132	3	significance	significance	NOUN
ajfa-3333	132	4	level	level	NOUN
ajfa-3333	132	5	is	be	AUX
ajfa-3333	132	6	0.214	0.214	NUM
ajfa-3333	132	7	,	,	PUNCT
ajfa-3333	132	8	and	and	CCONJ
ajfa-3333	132	9	greater	great	ADJ
ajfa-3333	132	10	than	than	ADP
ajfa-3333	132	11	0.05	0.05	NUM
ajfa-3333	132	12	,	,	PUNCT
ajfa-3333	132	13	therefore	therefore	ADV
ajfa-3333	132	14	,	,	PUNCT
ajfa-3333	132	15	the	the	DET
ajfa-3333	132	16	null	null	ADJ
ajfa-3333	132	17	hypothesis	hypothesis	NOUN
ajfa-3333	132	18	is	be	AUX
ajfa-3333	132	19	confirmed	confirm	VERB
ajfa-3333	132	20	.	.	PUNCT
ajfa-3333	133	1	this	this	PRON
ajfa-3333	133	2	means	mean	VERB
ajfa-3333	133	3	that	that	SCONJ
ajfa-3333	133	4	there	there	PRON
ajfa-3333	133	5	is	be	VERB
ajfa-3333	133	6	a	a	DET
ajfa-3333	133	7	significant	significant	ADJ
ajfa-3333	133	8	relation	relation	NOUN
ajfa-3333	133	9	between	between	ADP
ajfa-3333	133	10	two	two	NUM
ajfa-3333	133	11	independent	independent	ADJ
ajfa-3333	133	12	variables	variable	NOUN
ajfa-3333	133	13	.	.	PUNCT
ajfa-3333	134	1	the	the	DET
ajfa-3333	134	2	correlation	correlation	NOUN
ajfa-3333	134	3	between	between	ADP
ajfa-3333	134	4	them	they	PRON
ajfa-3333	134	5	is	be	AUX
ajfa-3333	134	6	equal	equal	ADJ
ajfa-3333	134	7	to	to	ADP
ajfa-3333	134	8	0.06	0.06	NUM
ajfa-3333	134	9	,	,	PUNCT
ajfa-3333	134	10	which	which	PRON
ajfa-3333	134	11	shows	show	VERB
ajfa-3333	134	12	a	a	DET
ajfa-3333	134	13	partial	partial	ADJ
ajfa-3333	134	14	and	and	CCONJ
ajfa-3333	134	15	positive	positive	ADJ
ajfa-3333	134	16	correlation	correlation	NOUN
ajfa-3333	134	17	.	.	PUNCT
ajfa-3333	135	1	5.1	5.1	NUM
ajfa-3333	135	2	first	first	ADJ
ajfa-3333	135	3	model	model	NOUN
ajfa-3333	135	4	estimation	estimation	NOUN
ajfa-3333	135	5	in	in	ADP
ajfa-3333	135	6	the	the	DET
ajfa-3333	135	7	following	follow	VERB
ajfa-3333	135	8	table	table	NOUN
ajfa-3333	135	9	,	,	PUNCT
ajfa-3333	135	10	the	the	DET
ajfa-3333	135	11	results	result	NOUN
ajfa-3333	135	12	of	of	ADP
ajfa-3333	135	13	regression	regression	NOUN
ajfa-3333	135	14	analysis	analysis	NOUN
ajfa-3333	135	15	have	have	AUX
ajfa-3333	135	16	been	be	AUX
ajfa-3333	135	17	presented	present	VERB
ajfa-3333	135	18	:	:	PUNCT
ajfa-3333	135	19	(	(	PUNCT
ajfa-3333	135	20	table	table	NOUN
ajfa-3333	135	21	3	3	NUM
ajfa-3333	135	22	)	)	PUNCT
ajfa-3333	135	23	asian	asian	ADJ
ajfa-3333	135	24	journal	journal	NOUN
ajfa-3333	135	25	of	of	ADP
ajfa-3333	135	26	finance	finance	PROPN
ajfa-3333	135	27	&	&	CCONJ
ajfa-3333	135	28	accounting	accounting	PROPN
ajfa-3333	135	29	issn	issn	PROPN
ajfa-3333	135	30	1946	1946	NUM
ajfa-3333	135	31	-	-	PUNCT
ajfa-3333	135	32	052x	052x	NOUN
ajfa-3333	135	33	2013	2013	NUM
ajfa-3333	135	34	,	,	PUNCT
ajfa-3333	135	35	vol	vol	NOUN
ajfa-3333	135	36	.	.	PROPN
ajfa-3333	135	37	5	5	NUM
ajfa-3333	135	38	,	,	PUNCT
ajfa-3333	135	39	no	no	INTJ
ajfa-3333	135	40	.	.	NOUN
ajfa-3333	135	41	1	1	NUM
ajfa-3333	135	42	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	135	43	282	282	NUM
ajfa-3333	135	44	the	the	DET
ajfa-3333	135	45	probability	probability	NOUN
ajfa-3333	135	46	value	value	NOUN
ajfa-3333	135	47	of	of	ADP
ajfa-3333	135	48	f	f	PROPN
ajfa-3333	135	49	is	be	AUX
ajfa-3333	135	50	equal	equal	ADJ
ajfa-3333	135	51	to	to	ADP
ajfa-3333	135	52	0.353	0.353	NUM
ajfa-3333	135	53	,	,	PUNCT
ajfa-3333	135	54	which	which	PRON
ajfa-3333	135	55	is	be	AUX
ajfa-3333	135	56	greater	great	ADJ
ajfa-3333	135	57	than	than	ADP
ajfa-3333	135	58	0.05	0.05	NUM
ajfa-3333	135	59	.	.	PUNCT
ajfa-3333	136	1	therefore	therefore	ADV
ajfa-3333	136	2	,	,	PUNCT
ajfa-3333	136	3	the	the	DET
ajfa-3333	136	4	null	null	ADJ
ajfa-3333	136	5	hypothesis	hypothesis	NOUN
ajfa-3333	136	6	is	be	AUX
ajfa-3333	136	7	not	not	PART
ajfa-3333	136	8	rejected	reject	VERB
ajfa-3333	136	9	at	at	ADP
ajfa-3333	136	10	the	the	DET
ajfa-3333	136	11	confidence	confidence	NOUN
ajfa-3333	136	12	level	level	NOUN
ajfa-3333	136	13	of	of	ADP
ajfa-3333	136	14	95	95	NUM
ajfa-3333	136	15	percent	percent	NOUN
ajfa-3333	136	16	.	.	PUNCT
ajfa-3333	137	1	this	this	PRON
ajfa-3333	137	2	means	mean	VERB
ajfa-3333	137	3	that	that	SCONJ
ajfa-3333	137	4	there	there	PRON
ajfa-3333	137	5	is	be	VERB
ajfa-3333	137	6	not	not	PART
ajfa-3333	137	7	significant	significant	ADJ
ajfa-3333	137	8	relation	relation	NOUN
ajfa-3333	137	9	at	at	ADP
ajfa-3333	137	10	the	the	DET
ajfa-3333	137	11	confidence	confidence	NOUN
ajfa-3333	137	12	level	level	NOUN
ajfa-3333	137	13	of	of	ADP
ajfa-3333	137	14	95	95	NUM
ajfa-3333	137	15	percent	percent	NOUN
ajfa-3333	137	16	.	.	PUNCT
ajfa-3333	138	1	(	(	PUNCT
ajfa-3333	138	2	table	table	NOUN
ajfa-3333	138	3	4	4	NUM
ajfa-3333	138	4	)	)	PUNCT
ajfa-3333	138	5	the	the	DET
ajfa-3333	138	6	correlation	correlation	NOUN
ajfa-3333	138	7	coefficient	coefficient	NOUN
ajfa-3333	138	8	is	be	AUX
ajfa-3333	138	9	equal	equal	ADJ
ajfa-3333	138	10	to	to	ADP
ajfa-3333	138	11	0.047	0.047	NUM
ajfa-3333	138	12	and	and	CCONJ
ajfa-3333	138	13	the	the	DET
ajfa-3333	138	14	determination	determination	NOUN
ajfa-3333	138	15	coefficient	coefficient	NOUN
ajfa-3333	138	16	is	be	AUX
ajfa-3333	138	17	only	only	ADV
ajfa-3333	138	18	equal	equal	ADJ
ajfa-3333	138	19	to	to	ADP
ajfa-3333	138	20	0.002	0.002	NUM
ajfa-3333	138	21	.	.	PUNCT
ajfa-3333	139	1	this	this	PRON
ajfa-3333	139	2	means	mean	VERB
ajfa-3333	139	3	that	that	SCONJ
ajfa-3333	139	4	only	only	ADV
ajfa-3333	139	5	about	about	ADV
ajfa-3333	139	6	zero	zero	NUM
ajfa-3333	139	7	percent	percent	NOUN
ajfa-3333	139	8	of	of	ADP
ajfa-3333	139	9	the	the	DET
ajfa-3333	139	10	changes	change	NOUN
ajfa-3333	139	11	of	of	ADP
ajfa-3333	139	12	dependent	dependent	ADJ
ajfa-3333	139	13	variable	variable	NOUN
ajfa-3333	139	14	is	be	AUX
ajfa-3333	139	15	explained	explain	VERB
ajfa-3333	139	16	by	by	ADP
ajfa-3333	139	17	the	the	DET
ajfa-3333	139	18	independent	independent	ADJ
ajfa-3333	139	19	variable	variable	NOUN
ajfa-3333	139	20	.	.	PUNCT
ajfa-3333	140	1	the	the	DET
ajfa-3333	140	2	value	value	NOUN
ajfa-3333	140	3	of	of	ADP
ajfa-3333	140	4	durbin	durbin	ADJ
ajfa-3333	140	5	-	-	PUNCT
ajfa-3333	140	6	watson	watson	NOUN
ajfa-3333	140	7	statistic	statistic	NOUN
ajfa-3333	140	8	is	be	AUX
ajfa-3333	140	9	not	not	PART
ajfa-3333	140	10	very	very	ADV
ajfa-3333	140	11	different	different	ADJ
ajfa-3333	140	12	from	from	ADP
ajfa-3333	140	13	2	2	NUM
ajfa-3333	140	14	and	and	CCONJ
ajfa-3333	140	15	is	be	AUX
ajfa-3333	140	16	equal	equal	ADJ
ajfa-3333	140	17	to	to	ADP
ajfa-3333	140	18	2.11	2.11	NUM
ajfa-3333	140	19	.	.	PUNCT
ajfa-3333	141	1	the	the	DET
ajfa-3333	141	2	value	value	NOUN
ajfa-3333	141	3	that	that	PRON
ajfa-3333	141	4	is	be	AUX
ajfa-3333	141	5	close	close	ADJ
ajfa-3333	141	6	to	to	ADP
ajfa-3333	141	7	2	2	NUM
ajfa-3333	141	8	indicates	indicate	VERB
ajfa-3333	141	9	that	that	SCONJ
ajfa-3333	141	10	there	there	PRON
ajfa-3333	141	11	is	be	VERB
ajfa-3333	141	12	no	no	DET
ajfa-3333	141	13	self	self	NOUN
ajfa-3333	141	14	-	-	PUNCT
ajfa-3333	141	15	correlation	correlation	NOUN
ajfa-3333	141	16	among	among	ADP
ajfa-3333	141	17	residues	residue	NOUN
ajfa-3333	141	18	,	,	PUNCT
ajfa-3333	141	19	which	which	PRON
ajfa-3333	141	20	is	be	AUX
ajfa-3333	141	21	another	another	DET
ajfa-3333	141	22	assumption	assumption	NOUN
ajfa-3333	141	23	of	of	ADP
ajfa-3333	141	24	regression	regression	NOUN
ajfa-3333	141	25	.	.	PUNCT
ajfa-3333	142	1	the	the	DET
ajfa-3333	142	2	value	value	NOUN
ajfa-3333	142	3	of	of	ADP
ajfa-3333	142	4	t	t	PROPN
ajfa-3333	142	5	statistic	statistic	NOUN
ajfa-3333	142	6	for	for	ADP
ajfa-3333	142	7	delta	delta	NOUN
ajfa-3333	142	8	r	r	NOUN
ajfa-3333	142	9	is	be	AUX
ajfa-3333	142	10	equal	equal	ADJ
ajfa-3333	142	11	to	to	ADP
ajfa-3333	142	12	0.93	0.93	NUM
ajfa-3333	142	13	,	,	PUNCT
ajfa-3333	142	14	which	which	PRON
ajfa-3333	142	15	is	be	AUX
ajfa-3333	142	16	significant	significant	ADJ
ajfa-3333	142	17	and	and	CCONJ
ajfa-3333	142	18	positive	positive	ADJ
ajfa-3333	142	19	at	at	ADP
ajfa-3333	142	20	the	the	DET
ajfa-3333	142	21	confidence	confidence	NOUN
ajfa-3333	142	22	level	level	NOUN
ajfa-3333	142	23	of	of	ADP
ajfa-3333	142	24	95	95	NUM
ajfa-3333	142	25	percent	percent	NOUN
ajfa-3333	142	26	.	.	PUNCT
ajfa-3333	143	1	moreover	moreover	ADV
ajfa-3333	143	2	,	,	PUNCT
ajfa-3333	143	3	the	the	DET
ajfa-3333	143	4	t	t	PROPN
ajfa-3333	143	5	statistic	statistic	NOUN
ajfa-3333	143	6	for	for	ADP
ajfa-3333	143	7	intercept	intercept	NOUN
ajfa-3333	143	8	elevation	elevation	NOUN
ajfa-3333	143	9	is	be	AUX
ajfa-3333	143	10	–	–	PUNCT
ajfa-3333	143	11	4.02	4.02	NUM
ajfa-3333	143	12	,	,	PUNCT
ajfa-3333	143	13	which	which	PRON
ajfa-3333	143	14	rejects	reject	VERB
ajfa-3333	143	15	the	the	DET
ajfa-3333	143	16	null	null	ADJ
ajfa-3333	143	17	hypothesis	hypothesis	NOUN
ajfa-3333	143	18	at	at	ADP
ajfa-3333	143	19	the	the	DET
ajfa-3333	143	20	confidence	confidence	NOUN
ajfa-3333	143	21	level	level	NOUN
ajfa-3333	143	22	of	of	ADP
ajfa-3333	143	23	95	95	NUM
ajfa-3333	143	24	percent	percent	NOUN
ajfa-3333	143	25	.	.	PUNCT
ajfa-3333	144	1	this	this	PRON
ajfa-3333	144	2	indicates	indicate	VERB
ajfa-3333	144	3	that	that	SCONJ
ajfa-3333	144	4	constant	constant	ADJ
ajfa-3333	144	5	is	be	AUX
ajfa-3333	144	6	significant	significant	ADJ
ajfa-3333	144	7	.	.	PUNCT
ajfa-3333	145	1	therefore	therefore	ADV
ajfa-3333	145	2	,	,	PUNCT
ajfa-3333	145	3	the	the	DET
ajfa-3333	145	4	model	model	NOUN
ajfa-3333	145	5	is	be	AUX
ajfa-3333	145	6	in	in	ADP
ajfa-3333	145	7	form	form	NOUN
ajfa-3333	145	8	of	of	ADP
ajfa-3333	145	9	a	a	DET
ajfa-3333	145	10	constant	constant	ADJ
ajfa-3333	145	11	line	line	NOUN
ajfa-3333	145	12	.	.	PUNCT
ajfa-3333	146	1	∆	∆	X
ajfa-3333	147	1	=	=	PUNCT
ajfa-3333	147	2	−0.106	−0.106	PROPN
ajfa-3333	147	3	5.2	5.2	NUM
ajfa-3333	147	4	second	second	ADJ
ajfa-3333	147	5	model	model	NOUN
ajfa-3333	147	6	in	in	ADP
ajfa-3333	147	7	the	the	DET
ajfa-3333	147	8	table	table	NOUN
ajfa-3333	147	9	5	5	NUM
ajfa-3333	147	10	,	,	PUNCT
ajfa-3333	147	11	the	the	DET
ajfa-3333	147	12	results	result	NOUN
ajfa-3333	147	13	of	of	ADP
ajfa-3333	147	14	regression	regression	NOUN
ajfa-3333	147	15	analysis	analysis	NOUN
ajfa-3333	147	16	has	have	AUX
ajfa-3333	147	17	been	be	AUX
ajfa-3333	147	18	provided	provide	VERB
ajfa-3333	147	19	:	:	PUNCT
ajfa-3333	147	20	the	the	DET
ajfa-3333	147	21	probability	probability	NOUN
ajfa-3333	147	22	value	value	NOUN
ajfa-3333	147	23	of	of	ADP
ajfa-3333	147	24	f	f	PROPN
ajfa-3333	147	25	is	be	AUX
ajfa-3333	147	26	equal	equal	ADJ
ajfa-3333	147	27	to	to	ADP
ajfa-3333	147	28	0.98	0.98	NUM
ajfa-3333	147	29	,	,	PUNCT
ajfa-3333	147	30	which	which	PRON
ajfa-3333	147	31	is	be	AUX
ajfa-3333	147	32	considerably	considerably	ADV
ajfa-3333	147	33	greater	great	ADJ
ajfa-3333	147	34	than	than	ADP
ajfa-3333	147	35	0.05	0.05	NUM
ajfa-3333	147	36	.	.	PUNCT
ajfa-3333	148	1	therefore	therefore	ADV
ajfa-3333	148	2	,	,	PUNCT
ajfa-3333	148	3	the	the	DET
ajfa-3333	148	4	null	null	ADJ
ajfa-3333	148	5	hypothesis	hypothesis	NOUN
ajfa-3333	148	6	is	be	AUX
ajfa-3333	148	7	not	not	PART
ajfa-3333	148	8	rejected	reject	VERB
ajfa-3333	148	9	at	at	ADP
ajfa-3333	148	10	the	the	DET
ajfa-3333	148	11	confidence	confidence	NOUN
ajfa-3333	148	12	level	level	NOUN
ajfa-3333	148	13	of	of	ADP
ajfa-3333	148	14	95	95	NUM
ajfa-3333	148	15	percent	percent	NOUN
ajfa-3333	148	16	.	.	PUNCT
ajfa-3333	149	1	this	this	PRON
ajfa-3333	149	2	means	mean	VERB
ajfa-3333	149	3	that	that	SCONJ
ajfa-3333	149	4	there	there	PRON
ajfa-3333	149	5	is	be	VERB
ajfa-3333	149	6	not	not	PART
ajfa-3333	149	7	significant	significant	ADJ
ajfa-3333	149	8	relation	relation	NOUN
ajfa-3333	149	9	at	at	ADP
ajfa-3333	149	10	the	the	DET
ajfa-3333	149	11	confidence	confidence	NOUN
ajfa-3333	149	12	level	level	NOUN
ajfa-3333	149	13	of	of	ADP
ajfa-3333	149	14	95	95	NUM
ajfa-3333	149	15	percent	percent	NOUN
ajfa-3333	149	16	.	.	PUNCT
ajfa-3333	150	1	(	(	PUNCT
ajfa-3333	150	2	table	table	NOUN
ajfa-3333	150	3	6	6	NUM
ajfa-3333	150	4	)	)	PUNCT
ajfa-3333	150	5	the	the	DET
ajfa-3333	150	6	correlation	correlation	NOUN
ajfa-3333	150	7	coefficient	coefficient	NOUN
ajfa-3333	150	8	is	be	AUX
ajfa-3333	150	9	equal	equal	ADJ
ajfa-3333	150	10	to	to	ADP
ajfa-3333	150	11	0.001	0.001	NUM
ajfa-3333	150	12	and	and	CCONJ
ajfa-3333	150	13	the	the	DET
ajfa-3333	150	14	determination	determination	NOUN
ajfa-3333	150	15	coefficient	coefficient	NOUN
ajfa-3333	150	16	is	be	AUX
ajfa-3333	150	17	only	only	ADV
ajfa-3333	150	18	equal	equal	ADJ
ajfa-3333	150	19	to	to	ADP
ajfa-3333	150	20	0.000	0.000	NUM
ajfa-3333	150	21	.	.	PUNCT
ajfa-3333	151	1	this	this	PRON
ajfa-3333	151	2	means	mean	VERB
ajfa-3333	151	3	that	that	SCONJ
ajfa-3333	151	4	only	only	ADV
ajfa-3333	151	5	about	about	ADV
ajfa-3333	151	6	zero	zero	NUM
ajfa-3333	151	7	percent	percent	NOUN
ajfa-3333	151	8	of	of	ADP
ajfa-3333	151	9	the	the	DET
ajfa-3333	151	10	changes	change	NOUN
ajfa-3333	151	11	of	of	ADP
ajfa-3333	151	12	dependent	dependent	ADJ
ajfa-3333	151	13	variable	variable	NOUN
ajfa-3333	151	14	is	be	AUX
ajfa-3333	151	15	explained	explain	VERB
ajfa-3333	151	16	by	by	ADP
ajfa-3333	151	17	the	the	DET
ajfa-3333	151	18	independent	independent	ADJ
ajfa-3333	151	19	variable	variable	NOUN
ajfa-3333	151	20	.	.	PUNCT
ajfa-3333	152	1	the	the	DET
ajfa-3333	152	2	value	value	NOUN
ajfa-3333	152	3	of	of	ADP
ajfa-3333	152	4	durbin	durbin	ADJ
ajfa-3333	152	5	-	-	PUNCT
ajfa-3333	152	6	watson	watson	NOUN
ajfa-3333	152	7	statistic	statistic	NOUN
ajfa-3333	152	8	is	be	AUX
ajfa-3333	152	9	not	not	PART
ajfa-3333	152	10	very	very	ADV
ajfa-3333	152	11	different	different	ADJ
ajfa-3333	152	12	from	from	ADP
ajfa-3333	152	13	2	2	NUM
ajfa-3333	152	14	and	and	CCONJ
ajfa-3333	152	15	is	be	AUX
ajfa-3333	152	16	equal	equal	ADJ
ajfa-3333	152	17	to	to	ADP
ajfa-3333	152	18	2.11	2.11	NUM
ajfa-3333	152	19	.	.	PUNCT
ajfa-3333	153	1	(	(	PUNCT
ajfa-3333	153	2	table	table	NOUN
ajfa-3333	153	3	7	7	NUM
ajfa-3333	153	4	)	)	PUNCT
ajfa-3333	153	5	as	as	ADP
ajfa-3333	153	6	the	the	DET
ajfa-3333	153	7	above	above	ADJ
ajfa-3333	153	8	table	table	NOUN
ajfa-3333	153	9	shows	show	NOUN
ajfa-3333	153	10	,	,	PUNCT
ajfa-3333	153	11	the	the	DET
ajfa-3333	153	12	value	value	NOUN
ajfa-3333	153	13	of	of	ADP
ajfa-3333	153	14	t	t	PROPN
ajfa-3333	153	15	statistic	statistic	NOUN
ajfa-3333	153	16	for	for	ADP
ajfa-3333	153	17	delta	delta	NOUN
ajfa-3333	154	1	e	e	NOUN
ajfa-3333	154	2	is	be	AUX
ajfa-3333	154	3	equal	equal	ADJ
ajfa-3333	154	4	to	to	ADP
ajfa-3333	154	5	0.025	0.025	NUM
ajfa-3333	154	6	,	,	PUNCT
ajfa-3333	154	7	which	which	PRON
ajfa-3333	154	8	is	be	AUX
ajfa-3333	154	9	significant	significant	ADJ
ajfa-3333	154	10	and	and	CCONJ
ajfa-3333	154	11	positive	positive	ADJ
ajfa-3333	154	12	at	at	ADP
ajfa-3333	154	13	the	the	DET
ajfa-3333	154	14	confidence	confidence	NOUN
ajfa-3333	154	15	level	level	NOUN
ajfa-3333	154	16	of	of	ADP
ajfa-3333	154	17	95	95	NUM
ajfa-3333	154	18	percent	percent	NOUN
ajfa-3333	154	19	.	.	PUNCT
ajfa-3333	155	1	moreover	moreover	ADV
ajfa-3333	155	2	,	,	PUNCT
ajfa-3333	155	3	the	the	DET
ajfa-3333	155	4	t	t	PROPN
ajfa-3333	155	5	statistic	statistic	NOUN
ajfa-3333	155	6	for	for	ADP
ajfa-3333	155	7	intercept	intercept	NOUN
ajfa-3333	155	8	elevation	elevation	NOUN
ajfa-3333	155	9	is	be	AUX
ajfa-3333	155	10	–	–	PUNCT
ajfa-3333	155	11	3.92	3.92	NUM
ajfa-3333	155	12	,	,	PUNCT
ajfa-3333	155	13	which	which	PRON
ajfa-3333	155	14	rejects	reject	VERB
ajfa-3333	155	15	the	the	DET
ajfa-3333	155	16	null	null	ADJ
ajfa-3333	155	17	hypothesis	hypothesis	NOUN
ajfa-3333	155	18	at	at	ADP
ajfa-3333	155	19	the	the	DET
ajfa-3333	155	20	confidence	confidence	NOUN
ajfa-3333	155	21	level	level	NOUN
ajfa-3333	155	22	of	of	ADP
ajfa-3333	155	23	95	95	NUM
ajfa-3333	155	24	percent	percent	NOUN
ajfa-3333	155	25	.	.	PUNCT
ajfa-3333	156	1	this	this	PRON
ajfa-3333	156	2	means	mean	VERB
ajfa-3333	156	3	that	that	SCONJ
ajfa-3333	156	4	the	the	DET
ajfa-3333	156	5	constant	constant	NOUN
ajfa-3333	156	6	is	be	AUX
ajfa-3333	156	7	significant	significant	ADJ
ajfa-3333	156	8	.	.	PUNCT
ajfa-3333	157	1	therefore	therefore	ADV
ajfa-3333	157	2	,	,	PUNCT
ajfa-3333	157	3	the	the	DET
ajfa-3333	157	4	model	model	NOUN
ajfa-3333	157	5	is	be	AUX
ajfa-3333	157	6	in	in	ADP
ajfa-3333	157	7	form	form	NOUN
ajfa-3333	157	8	of	of	ADP
ajfa-3333	157	9	a	a	DET
ajfa-3333	157	10	constant	constant	ADJ
ajfa-3333	157	11	line	line	NOUN
ajfa-3333	157	12	.	.	PUNCT
ajfa-3333	158	1	∆	∆	X
ajfa-3333	159	1	=	=	PUNCT
ajfa-3333	159	2	−0.106	−0.106	PROPN
ajfa-3333	159	3	5.3	5.3	NUM
ajfa-3333	159	4	third	third	ADJ
ajfa-3333	159	5	model	model	NOUN
ajfa-3333	159	6	in	in	ADP
ajfa-3333	159	7	the	the	DET
ajfa-3333	159	8	table	table	NOUN
ajfa-3333	159	9	8	8	NUM
ajfa-3333	159	10	,	,	PUNCT
ajfa-3333	159	11	the	the	DET
ajfa-3333	159	12	result	result	NOUN
ajfa-3333	159	13	of	of	ADP
ajfa-3333	159	14	regression	regression	NOUN
ajfa-3333	159	15	analysis	analysis	NOUN
ajfa-3333	159	16	has	have	AUX
ajfa-3333	159	17	been	be	AUX
ajfa-3333	159	18	provided	provide	VERB
ajfa-3333	159	19	:	:	PUNCT
ajfa-3333	159	20	the	the	DET
ajfa-3333	159	21	probability	probability	NOUN
ajfa-3333	159	22	value	value	NOUN
ajfa-3333	159	23	of	of	ADP
ajfa-3333	159	24	f	f	PROPN
ajfa-3333	159	25	is	be	AUX
ajfa-3333	159	26	equal	equal	ADJ
ajfa-3333	159	27	to	to	ADP
ajfa-3333	159	28	0.000	0.000	NUM
ajfa-3333	159	29	,	,	PUNCT
ajfa-3333	159	30	which	which	PRON
ajfa-3333	159	31	is	be	AUX
ajfa-3333	159	32	less	less	ADJ
ajfa-3333	159	33	than	than	ADP
ajfa-3333	159	34	0.05	0.05	NUM
ajfa-3333	159	35	.	.	PUNCT
ajfa-3333	160	1	therefore	therefore	ADV
ajfa-3333	160	2	,	,	PUNCT
ajfa-3333	160	3	the	the	DET
ajfa-3333	160	4	null	null	ADJ
ajfa-3333	160	5	hypothesis	hypothesis	NOUN
ajfa-3333	160	6	is	be	AUX
ajfa-3333	160	7	rejected	reject	VERB
ajfa-3333	160	8	at	at	ADP
ajfa-3333	160	9	the	the	DET
ajfa-3333	160	10	confidence	confidence	NOUN
ajfa-3333	160	11	level	level	NOUN
ajfa-3333	160	12	of	of	ADP
ajfa-3333	160	13	95	95	NUM
ajfa-3333	160	14	percent	percent	NOUN
ajfa-3333	160	15	.	.	PUNCT
ajfa-3333	161	1	this	this	PRON
ajfa-3333	161	2	means	mean	VERB
ajfa-3333	161	3	that	that	SCONJ
ajfa-3333	161	4	there	there	PRON
ajfa-3333	161	5	is	be	VERB
ajfa-3333	161	6	a	a	DET
ajfa-3333	161	7	significant	significant	ADJ
ajfa-3333	161	8	relation	relation	NOUN
ajfa-3333	161	9	at	at	ADP
ajfa-3333	161	10	the	the	DET
ajfa-3333	161	11	confidence	confidence	NOUN
ajfa-3333	161	12	level	level	NOUN
ajfa-3333	161	13	of	of	ADP
ajfa-3333	161	14	95	95	NUM
ajfa-3333	161	15	percent	percent	NOUN
ajfa-3333	161	16	.	.	PUNCT
ajfa-3333	162	1	(	(	PUNCT
ajfa-3333	162	2	table	table	NOUN
ajfa-3333	162	3	9	9	NUM
ajfa-3333	162	4	)	)	PUNCT
ajfa-3333	162	5	the	the	DET
ajfa-3333	162	6	correlation	correlation	NOUN
ajfa-3333	162	7	coefficient	coefficient	NOUN
ajfa-3333	162	8	is	be	AUX
ajfa-3333	162	9	equal	equal	ADJ
ajfa-3333	162	10	to	to	ADP
ajfa-3333	162	11	0.14	0.14	NUM
ajfa-3333	162	12	and	and	CCONJ
ajfa-3333	162	13	the	the	DET
ajfa-3333	162	14	determination	determination	NOUN
ajfa-3333	162	15	coefficient	coefficient	NOUN
ajfa-3333	162	16	is	be	AUX
ajfa-3333	162	17	only	only	ADV
ajfa-3333	162	18	equal	equal	ADJ
ajfa-3333	162	19	to	to	ADP
ajfa-3333	162	20	0.02	0.02	NUM
ajfa-3333	162	21	.	.	PUNCT
ajfa-3333	163	1	this	this	PRON
ajfa-3333	163	2	means	mean	VERB
ajfa-3333	163	3	that	that	SCONJ
ajfa-3333	163	4	only	only	ADV
ajfa-3333	163	5	about	about	ADV
ajfa-3333	163	6	2	2	NUM
ajfa-3333	163	7	percent	percent	NOUN
ajfa-3333	163	8	of	of	ADP
ajfa-3333	163	9	the	the	DET
ajfa-3333	163	10	changes	change	NOUN
ajfa-3333	163	11	of	of	ADP
ajfa-3333	163	12	dependent	dependent	ADJ
ajfa-3333	163	13	variable	variable	NOUN
ajfa-3333	163	14	are	be	AUX
ajfa-3333	163	15	explained	explain	VERB
ajfa-3333	163	16	by	by	ADP
ajfa-3333	163	17	the	the	DET
ajfa-3333	163	18	independent	independent	ADJ
ajfa-3333	163	19	variable	variable	NOUN
ajfa-3333	163	20	.	.	PUNCT
ajfa-3333	164	1	this	this	DET
ajfa-3333	164	2	value	value	NOUN
ajfa-3333	164	3	is	be	AUX
ajfa-3333	164	4	in	in	ADP
ajfa-3333	164	5	practice	practice	NOUN
ajfa-3333	164	6	very	very	ADV
ajfa-3333	164	7	low	low	ADJ
ajfa-3333	164	8	,	,	PUNCT
ajfa-3333	164	9	and	and	CCONJ
ajfa-3333	164	10	shows	show	VERB
ajfa-3333	164	11	the	the	DET
ajfa-3333	164	12	relation	relation	NOUN
ajfa-3333	164	13	intensity	intensity	NOUN
ajfa-3333	164	14	among	among	ADP
ajfa-3333	164	15	variables	variable	NOUN
ajfa-3333	164	16	.	.	PUNCT
ajfa-3333	165	1	the	the	DET
ajfa-3333	165	2	value	value	NOUN
ajfa-3333	165	3	of	of	ADP
ajfa-3333	165	4	durbin	durbin	ADJ
ajfa-3333	165	5	-	-	PUNCT
ajfa-3333	165	6	watson	watson	NOUN
ajfa-3333	165	7	statistic	statistic	NOUN
ajfa-3333	165	8	is	be	AUX
ajfa-3333	165	9	not	not	PART
ajfa-3333	165	10	very	very	ADV
ajfa-3333	165	11	different	different	ADJ
ajfa-3333	165	12	from	from	ADP
ajfa-3333	165	13	2	2	NUM
ajfa-3333	165	14	asian	asian	ADJ
ajfa-3333	165	15	journal	journal	NOUN
ajfa-3333	165	16	of	of	ADP
ajfa-3333	165	17	finance	finance	PROPN
ajfa-3333	165	18	&	&	CCONJ
ajfa-3333	165	19	accounting	accounting	PROPN
ajfa-3333	165	20	issn	issn	PROPN
ajfa-3333	165	21	1946	1946	NUM
ajfa-3333	165	22	-	-	PUNCT
ajfa-3333	165	23	052x	052x	NOUN
ajfa-3333	165	24	2013	2013	NUM
ajfa-3333	165	25	,	,	PUNCT
ajfa-3333	165	26	vol	vol	NOUN
ajfa-3333	165	27	.	.	PROPN
ajfa-3333	165	28	5	5	NUM
ajfa-3333	165	29	,	,	PUNCT
ajfa-3333	165	30	no	no	INTJ
ajfa-3333	165	31	.	.	NOUN
ajfa-3333	165	32	1	1	NUM
ajfa-3333	165	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	165	34	283	283	NUM
ajfa-3333	165	35	and	and	CCONJ
ajfa-3333	165	36	is	be	AUX
ajfa-3333	165	37	equal	equal	ADJ
ajfa-3333	165	38	to	to	ADP
ajfa-3333	165	39	2.02	2.02	NUM
ajfa-3333	165	40	.	.	PUNCT
ajfa-3333	166	1	the	the	DET
ajfa-3333	166	2	value	value	NOUN
ajfa-3333	166	3	that	that	PRON
ajfa-3333	166	4	is	be	AUX
ajfa-3333	166	5	close	close	ADJ
ajfa-3333	166	6	to	to	ADP
ajfa-3333	166	7	2	2	NUM
ajfa-3333	166	8	indicates	indicate	VERB
ajfa-3333	166	9	that	that	SCONJ
ajfa-3333	166	10	there	there	PRON
ajfa-3333	166	11	is	be	VERB
ajfa-3333	166	12	no	no	DET
ajfa-3333	166	13	self	self	NOUN
ajfa-3333	166	14	-	-	PUNCT
ajfa-3333	166	15	correlation	correlation	NOUN
ajfa-3333	166	16	among	among	ADP
ajfa-3333	166	17	residues	residue	NOUN
ajfa-3333	166	18	,	,	PUNCT
ajfa-3333	166	19	which	which	PRON
ajfa-3333	166	20	is	be	AUX
ajfa-3333	166	21	another	another	DET
ajfa-3333	166	22	assumption	assumption	NOUN
ajfa-3333	166	23	of	of	ADP
ajfa-3333	166	24	regression	regression	NOUN
ajfa-3333	166	25	.	.	PUNCT
ajfa-3333	167	1	the	the	DET
ajfa-3333	167	2	value	value	NOUN
ajfa-3333	167	3	of	of	ADP
ajfa-3333	167	4	t	t	PROPN
ajfa-3333	167	5	statistic	statistic	NOUN
ajfa-3333	167	6	for	for	ADP
ajfa-3333	167	7	delta	delta	NOUN
ajfa-3333	167	8	p	p	NOUN
ajfa-3333	167	9	is	be	AUX
ajfa-3333	167	10	equal	equal	ADJ
ajfa-3333	167	11	to	to	ADP
ajfa-3333	167	12	9.24	9.24	NUM
ajfa-3333	167	13	,	,	PUNCT
ajfa-3333	167	14	which	which	PRON
ajfa-3333	167	15	is	be	AUX
ajfa-3333	167	16	significant	significant	ADJ
ajfa-3333	167	17	and	and	CCONJ
ajfa-3333	167	18	positive	positive	ADJ
ajfa-3333	167	19	at	at	ADP
ajfa-3333	167	20	the	the	DET
ajfa-3333	167	21	confidence	confidence	NOUN
ajfa-3333	167	22	level	level	NOUN
ajfa-3333	167	23	of	of	ADP
ajfa-3333	167	24	95	95	NUM
ajfa-3333	167	25	percent	percent	NOUN
ajfa-3333	167	26	.	.	PUNCT
ajfa-3333	168	1	moreover	moreover	ADV
ajfa-3333	168	2	,	,	PUNCT
ajfa-3333	168	3	the	the	DET
ajfa-3333	168	4	t	t	PROPN
ajfa-3333	168	5	statistic	statistic	NOUN
ajfa-3333	168	6	for	for	ADP
ajfa-3333	168	7	intercept	intercept	NOUN
ajfa-3333	168	8	elevation	elevation	NOUN
ajfa-3333	168	9	is	be	AUX
ajfa-3333	168	10	12.12	12.12	NUM
ajfa-3333	168	11	,	,	PUNCT
ajfa-3333	168	12	which	which	PRON
ajfa-3333	168	13	rejects	reject	VERB
ajfa-3333	168	14	the	the	DET
ajfa-3333	168	15	null	null	ADJ
ajfa-3333	168	16	hypothesis	hypothesis	NOUN
ajfa-3333	168	17	at	at	ADP
ajfa-3333	168	18	the	the	DET
ajfa-3333	168	19	confidence	confidence	NOUN
ajfa-3333	168	20	level	level	NOUN
ajfa-3333	168	21	of	of	ADP
ajfa-3333	168	22	95	95	NUM
ajfa-3333	168	23	percent	percent	NOUN
ajfa-3333	168	24	.	.	PUNCT
ajfa-3333	169	1	this	this	PRON
ajfa-3333	169	2	means	mean	VERB
ajfa-3333	169	3	that	that	SCONJ
ajfa-3333	169	4	the	the	DET
ajfa-3333	169	5	constant	constant	NOUN
ajfa-3333	169	6	is	be	AUX
ajfa-3333	169	7	significant	significant	ADJ
ajfa-3333	169	8	.	.	PUNCT
ajfa-3333	170	1	therefore	therefore	ADV
ajfa-3333	170	2	,	,	PUNCT
ajfa-3333	170	3	the	the	DET
ajfa-3333	170	4	model	model	NOUN
ajfa-3333	170	5	is	be	AUX
ajfa-3333	170	6	in	in	ADP
ajfa-3333	170	7	form	form	NOUN
ajfa-3333	170	8	of	of	ADP
ajfa-3333	170	9	the	the	DET
ajfa-3333	170	10	following	following	NOUN
ajfa-3333	170	11	:	:	PUNCT
ajfa-3333	170	12	∆iv	∆iv	ADP
ajfa-3333	170	13	=	=	PUNCT
ajfa-3333	170	14	0.749	0.749	NUM
ajfa-3333	171	1	+	+	CCONJ
ajfa-3333	171	2	1.44∆p	1.44∆p	NUM
ajfa-3333	171	3	5.3	5.3	NUM
ajfa-3333	171	4	the	the	DET
ajfa-3333	171	5	relation	relation	NOUN
ajfa-3333	171	6	of	of	ADP
ajfa-3333	171	7	variables	variable	NOUN
ajfa-3333	171	8	considering	consider	VERB
ajfa-3333	171	9	that	that	SCONJ
ajfa-3333	171	10	the	the	DET
ajfa-3333	171	11	determination	determination	NOUN
ajfa-3333	171	12	coefficient	coefficient	NOUN
ajfa-3333	171	13	in	in	ADP
ajfa-3333	171	14	the	the	DET
ajfa-3333	171	15	linear	linear	ADJ
ajfa-3333	171	16	regression	regression	NOUN
ajfa-3333	171	17	equation	equation	NOUN
ajfa-3333	171	18	has	have	AUX
ajfa-3333	171	19	not	not	PART
ajfa-3333	171	20	approached	approach	VERB
ajfa-3333	171	21	zero	zero	NUM
ajfa-3333	171	22	,	,	PUNCT
ajfa-3333	171	23	and	and	CCONJ
ajfa-3333	171	24	the	the	DET
ajfa-3333	171	25	hypotheses	hypothesis	NOUN
ajfa-3333	171	26	of	of	ADP
ajfa-3333	171	27	this	this	DET
ajfa-3333	171	28	research	research	NOUN
ajfa-3333	171	29	have	have	AUX
ajfa-3333	171	30	been	be	AUX
ajfa-3333	171	31	based	base	VERB
ajfa-3333	171	32	on	on	ADP
ajfa-3333	171	33	the	the	DET
ajfa-3333	171	34	relation	relation	NOUN
ajfa-3333	171	35	among	among	ADP
ajfa-3333	171	36	variables	variable	NOUN
ajfa-3333	171	37	,	,	PUNCT
ajfa-3333	171	38	independent	independent	ADJ
ajfa-3333	171	39	test	test	NOUN
ajfa-3333	171	40	with	with	ADP
ajfa-3333	171	41	chi	chi	ADJ
ajfa-3333	171	42	-	-	PUNCT
ajfa-3333	171	43	square	square	ADJ
ajfa-3333	171	44	criterion	criterion	NOUN
ajfa-3333	171	45	has	have	AUX
ajfa-3333	171	46	been	be	AUX
ajfa-3333	171	47	applied	apply	VERB
ajfa-3333	171	48	.	.	PUNCT
ajfa-3333	172	1	5.3.1	5.3.1	NUM
ajfa-3333	172	2	the	the	DET
ajfa-3333	172	3	relation	relation	NOUN
ajfa-3333	172	4	between	between	ADP
ajfa-3333	172	5	delta	delta	PROPN
ajfa-3333	172	6	p	p	PROPN
ajfa-3333	172	7	and	and	CCONJ
ajfa-3333	172	8	delta	delta	PROPN
ajfa-3333	172	9	r	r	NOUN
ajfa-3333	172	10	chi	chi	ADJ
ajfa-3333	172	11	-	-	PUNCT
ajfa-3333	172	12	square	square	NOUN
ajfa-3333	172	13	is	be	AUX
ajfa-3333	172	14	equal	equal	ADJ
ajfa-3333	172	15	to	to	ADP
ajfa-3333	172	16	4.61	4.61	NUM
ajfa-3333	172	17	,	,	PUNCT
ajfa-3333	172	18	which	which	PRON
ajfa-3333	172	19	is	be	AUX
ajfa-3333	172	20	less	less	ADJ
ajfa-3333	172	21	that	that	SCONJ
ajfa-3333	172	22	the	the	DET
ajfa-3333	172	23	critical	critical	ADJ
ajfa-3333	172	24	amount	amount	NOUN
ajfa-3333	172	25	i.e.	i.e.	X
ajfa-3333	172	26	χ	χ	X
ajfa-3333	172	27	,	,	PUNCT
ajfa-3333	172	28	.	.	PUNCT
ajfa-3333	173	1	=	=	PUNCT
ajfa-3333	173	2	9.49	9.49	NUM
ajfa-3333	173	3	therefore	therefore	ADV
ajfa-3333	173	4	,	,	PUNCT
ajfa-3333	173	5	the	the	DET
ajfa-3333	173	6	null	null	ADJ
ajfa-3333	173	7	hypothesis	hypothesis	NOUN
ajfa-3333	173	8	is	be	AUX
ajfa-3333	173	9	not	not	PART
ajfa-3333	173	10	rejected	reject	VERB
ajfa-3333	173	11	.	.	PUNCT
ajfa-3333	174	1	this	this	PRON
ajfa-3333	174	2	means	mean	VERB
ajfa-3333	174	3	that	that	SCONJ
ajfa-3333	174	4	these	these	DET
ajfa-3333	174	5	two	two	NUM
ajfa-3333	174	6	variables	variable	NOUN
ajfa-3333	174	7	are	be	AUX
ajfa-3333	174	8	independent	independent	ADJ
ajfa-3333	174	9	.	.	PUNCT
ajfa-3333	175	1	5.3.2	5.3.2	NUM
ajfa-3333	175	2	the	the	DET
ajfa-3333	175	3	relation	relation	NOUN
ajfa-3333	175	4	between	between	ADP
ajfa-3333	175	5	delta	delta	PROPN
ajfa-3333	175	6	p	p	NOUN
ajfa-3333	175	7	and	and	CCONJ
ajfa-3333	175	8	delta	delta	PROPN
ajfa-3333	175	9	e	e	NOUN
ajfa-3333	175	10	chi	chi	ADJ
ajfa-3333	175	11	-	-	PUNCT
ajfa-3333	175	12	square	square	NOUN
ajfa-3333	175	13	is	be	AUX
ajfa-3333	175	14	equal	equal	ADJ
ajfa-3333	175	15	to	to	ADP
ajfa-3333	175	16	1.29	1.29	NUM
ajfa-3333	175	17	,	,	PUNCT
ajfa-3333	175	18	which	which	PRON
ajfa-3333	175	19	is	be	AUX
ajfa-3333	175	20	less	less	ADJ
ajfa-3333	175	21	that	that	SCONJ
ajfa-3333	175	22	the	the	DET
ajfa-3333	175	23	critical	critical	ADJ
ajfa-3333	175	24	amount	amount	NOUN
ajfa-3333	175	25	i.e.	i.e.	X
ajfa-3333	175	26	,	,	PUNCT
ajfa-3333	175	27	.	.	PUNCT
ajfa-3333	176	1	=	=	PUNCT
ajfa-3333	176	2	9.49	9.49	NUM
ajfa-3333	176	3	therefore	therefore	ADV
ajfa-3333	176	4	,	,	PUNCT
ajfa-3333	176	5	the	the	DET
ajfa-3333	176	6	null	null	ADJ
ajfa-3333	176	7	hypothesis	hypothesis	NOUN
ajfa-3333	176	8	is	be	AUX
ajfa-3333	176	9	not	not	PART
ajfa-3333	176	10	rejected	reject	VERB
ajfa-3333	176	11	.	.	PUNCT
ajfa-3333	177	1	this	this	PRON
ajfa-3333	177	2	means	mean	VERB
ajfa-3333	177	3	that	that	SCONJ
ajfa-3333	177	4	these	these	DET
ajfa-3333	177	5	two	two	NUM
ajfa-3333	177	6	variables	variable	NOUN
ajfa-3333	177	7	are	be	AUX
ajfa-3333	177	8	independent	independent	ADJ
ajfa-3333	177	9	.	.	PUNCT
ajfa-3333	178	1	5.3.3	5.3.3	NUM
ajfa-3333	178	2	the	the	DET
ajfa-3333	178	3	relation	relation	NOUN
ajfa-3333	178	4	between	between	ADP
ajfa-3333	178	5	delta	delta	PROPN
ajfa-3333	178	6	iv	iv	X
ajfa-3333	178	7	and	and	CCONJ
ajfa-3333	178	8	delta	delta	PROPN
ajfa-3333	178	9	p	p	NOUN
ajfa-3333	178	10	chi	chi	NOUN
ajfa-3333	178	11	-	-	PUNCT
ajfa-3333	178	12	square	square	NOUN
ajfa-3333	178	13	is	be	AUX
ajfa-3333	178	14	equal	equal	ADJ
ajfa-3333	178	15	to	to	ADP
ajfa-3333	178	16	488.41	488.41	NUM
ajfa-3333	178	17	,	,	PUNCT
ajfa-3333	178	18	which	which	PRON
ajfa-3333	178	19	is	be	AUX
ajfa-3333	178	20	greater	great	ADJ
ajfa-3333	178	21	that	that	SCONJ
ajfa-3333	178	22	the	the	DET
ajfa-3333	178	23	critical	critical	ADJ
ajfa-3333	178	24	amount	amount	NOUN
ajfa-3333	178	25	i.e.	i.e.	X
ajfa-3333	178	26	,	,	PUNCT
ajfa-3333	178	27	.	.	PUNCT
ajfa-3333	179	1	=	=	PUNCT
ajfa-3333	179	2	9.49	9.49	NUM
ajfa-3333	179	3	therefore	therefore	ADV
ajfa-3333	179	4	,	,	PUNCT
ajfa-3333	179	5	the	the	DET
ajfa-3333	179	6	null	null	ADJ
ajfa-3333	179	7	hypothesis	hypothesis	NOUN
ajfa-3333	179	8	is	be	AUX
ajfa-3333	179	9	rejected	reject	VERB
ajfa-3333	179	10	.	.	PUNCT
ajfa-3333	180	1	this	this	PRON
ajfa-3333	180	2	means	mean	VERB
ajfa-3333	180	3	that	that	SCONJ
ajfa-3333	180	4	there	there	PRON
ajfa-3333	180	5	is	be	VERB
ajfa-3333	180	6	a	a	DET
ajfa-3333	180	7	relation	relation	NOUN
ajfa-3333	180	8	between	between	ADP
ajfa-3333	180	9	these	these	DET
ajfa-3333	180	10	two	two	NUM
ajfa-3333	180	11	variables	variable	NOUN
ajfa-3333	180	12	.	.	PUNCT
ajfa-3333	181	1	6	6	X
ajfa-3333	181	2	.	.	X
ajfa-3333	181	3	research	research	NOUN
ajfa-3333	181	4	in	in	ADP
ajfa-3333	181	5	brief	brief	NOUN
ajfa-3333	181	6	,	,	PUNCT
ajfa-3333	181	7	and	and	CCONJ
ajfa-3333	181	8	conclusion	conclusion	NOUN
ajfa-3333	181	9	in	in	ADP
ajfa-3333	181	10	general	general	ADJ
ajfa-3333	181	11	,	,	PUNCT
ajfa-3333	181	12	the	the	DET
ajfa-3333	181	13	findings	finding	NOUN
ajfa-3333	181	14	of	of	ADP
ajfa-3333	181	15	the	the	DET
ajfa-3333	181	16	fundamental	fundamental	ADJ
ajfa-3333	181	17	model	model	NOUN
ajfa-3333	181	18	indicate	indicate	VERB
ajfa-3333	181	19	that	that	SCONJ
ajfa-3333	181	20	there	there	PRON
ajfa-3333	181	21	is	be	VERB
ajfa-3333	181	22	no	no	DET
ajfa-3333	181	23	relation	relation	NOUN
ajfa-3333	181	24	between	between	ADP
ajfa-3333	181	25	stock	stock	NOUN
ajfa-3333	181	26	price	price	NOUN
ajfa-3333	181	27	changes	change	NOUN
ajfa-3333	181	28	and	and	CCONJ
ajfa-3333	181	29	changes	change	NOUN
ajfa-3333	181	30	in	in	ADP
ajfa-3333	181	31	the	the	DET
ajfa-3333	181	32	fundamental	fundamental	ADJ
ajfa-3333	181	33	variables	variable	NOUN
ajfa-3333	181	34	.	.	PUNCT
ajfa-3333	182	1	therefore	therefore	ADV
ajfa-3333	182	2	,	,	PUNCT
ajfa-3333	182	3	the	the	DET
ajfa-3333	182	4	first	first	ADJ
ajfa-3333	182	5	hypothesis	hypothesis	NOUN
ajfa-3333	182	6	of	of	ADP
ajfa-3333	182	7	the	the	DET
ajfa-3333	182	8	research	research	NOUN
ajfa-3333	182	9	stating	state	VERB
ajfa-3333	182	10	that	that	SCONJ
ajfa-3333	182	11	there	there	PRON
ajfa-3333	182	12	is	be	VERB
ajfa-3333	182	13	a	a	DET
ajfa-3333	182	14	significant	significant	ADJ
ajfa-3333	182	15	relation	relation	NOUN
ajfa-3333	182	16	between	between	ADP
ajfa-3333	182	17	fundamental	fundamental	ADJ
ajfa-3333	182	18	variables	variable	NOUN
ajfa-3333	182	19	and	and	CCONJ
ajfa-3333	182	20	changes	change	NOUN
ajfa-3333	182	21	in	in	ADP
ajfa-3333	182	22	stock	stock	NOUN
ajfa-3333	182	23	price	price	NOUN
ajfa-3333	182	24	is	be	AUX
ajfa-3333	182	25	rejected	reject	VERB
ajfa-3333	182	26	.	.	PUNCT
ajfa-3333	183	1	on	on	ADP
ajfa-3333	183	2	the	the	DET
ajfa-3333	183	3	other	other	ADJ
ajfa-3333	183	4	hand	hand	NOUN
ajfa-3333	183	5	,	,	PUNCT
ajfa-3333	183	6	we	we	PRON
ajfa-3333	183	7	know	know	VERB
ajfa-3333	183	8	that	that	DET
ajfa-3333	183	9	lack	lack	NOUN
ajfa-3333	183	10	of	of	ADP
ajfa-3333	183	11	significant	significant	ADJ
ajfa-3333	183	12	relation	relation	NOUN
ajfa-3333	183	13	between	between	ADP
ajfa-3333	183	14	these	these	DET
ajfa-3333	183	15	two	two	NUM
ajfa-3333	183	16	variables	variable	NOUN
ajfa-3333	183	17	proves	prove	VERB
ajfa-3333	183	18	the	the	DET
ajfa-3333	183	19	existence	existence	NOUN
ajfa-3333	183	20	of	of	ADP
ajfa-3333	183	21	bubble	bubble	NOUN
ajfa-3333	183	22	(	(	PUNCT
ajfa-3333	183	23	since	since	SCONJ
ajfa-3333	183	24	in	in	ADP
ajfa-3333	183	25	an	an	DET
ajfa-3333	183	26	efficient	efficient	ADJ
ajfa-3333	183	27	market	market	NOUN
ajfa-3333	183	28	changes	change	NOUN
ajfa-3333	183	29	in	in	ADP
ajfa-3333	183	30	the	the	DET
ajfa-3333	183	31	price	price	NOUN
ajfa-3333	183	32	of	of	ADP
ajfa-3333	183	33	assets	asset	NOUN
ajfa-3333	183	34	must	must	AUX
ajfa-3333	183	35	be	be	AUX
ajfa-3333	183	36	related	relate	VERB
ajfa-3333	183	37	to	to	ADP
ajfa-3333	183	38	the	the	DET
ajfa-3333	183	39	changes	change	NOUN
ajfa-3333	183	40	in	in	ADP
ajfa-3333	183	41	the	the	DET
ajfa-3333	183	42	fundamental	fundamental	ADJ
ajfa-3333	183	43	value	value	NOUN
ajfa-3333	183	44	of	of	ADP
ajfa-3333	183	45	assets	asset	NOUN
ajfa-3333	183	46	)	)	PUNCT
ajfa-3333	183	47	.	.	PUNCT
ajfa-3333	184	1	the	the	DET
ajfa-3333	184	2	test	test	NOUN
ajfa-3333	184	3	of	of	ADP
ajfa-3333	184	4	the	the	DET
ajfa-3333	184	5	second	second	ADJ
ajfa-3333	184	6	hypothesis	hypothesis	NOUN
ajfa-3333	184	7	on	on	ADP
ajfa-3333	184	8	the	the	DET
ajfa-3333	184	9	existence	existence	NOUN
ajfa-3333	184	10	of	of	ADP
ajfa-3333	184	11	the	the	DET
ajfa-3333	184	12	mass	mass	ADJ
ajfa-3333	184	13	behavior	behavior	NOUN
ajfa-3333	184	14	of	of	ADP
ajfa-3333	184	15	the	the	DET
ajfa-3333	184	16	investors	investor	NOUN
ajfa-3333	184	17	in	in	ADP
ajfa-3333	184	18	the	the	DET
ajfa-3333	184	19	stock	stock	NOUN
ajfa-3333	184	20	exchange	exchange	NOUN
ajfa-3333	184	21	of	of	ADP
ajfa-3333	184	22	tehran	tehran	PROPN
ajfa-3333	184	23	shows	show	VERB
ajfa-3333	184	24	that	that	SCONJ
ajfa-3333	184	25	the	the	DET
ajfa-3333	184	26	changes	change	NOUN
ajfa-3333	184	27	in	in	ADP
ajfa-3333	184	28	mass	mass	ADJ
ajfa-3333	184	29	behavior	behavior	NOUN
ajfa-3333	184	30	affect	affect	VERB
ajfa-3333	184	31	the	the	DET
ajfa-3333	184	32	changes	change	NOUN
ajfa-3333	184	33	in	in	ADP
ajfa-3333	184	34	stock	stock	NOUN
ajfa-3333	184	35	asian	asian	ADJ
ajfa-3333	184	36	journal	journal	PROPN
ajfa-3333	184	37	of	of	ADP
ajfa-3333	184	38	finance	finance	PROPN
ajfa-3333	184	39	&	&	CCONJ
ajfa-3333	184	40	accounting	accounting	PROPN
ajfa-3333	184	41	issn	issn	PROPN
ajfa-3333	184	42	1946	1946	NUM
ajfa-3333	184	43	-	-	PUNCT
ajfa-3333	184	44	052x	052x	NOUN
ajfa-3333	184	45	2013	2013	NUM
ajfa-3333	184	46	,	,	PUNCT
ajfa-3333	184	47	vol	vol	NOUN
ajfa-3333	184	48	.	.	PROPN
ajfa-3333	184	49	5	5	NUM
ajfa-3333	184	50	,	,	PUNCT
ajfa-3333	184	51	no	no	INTJ
ajfa-3333	184	52	.	.	NOUN
ajfa-3333	184	53	1	1	NUM
ajfa-3333	184	54	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	184	55	284	284	NUM
ajfa-3333	184	56	prices	price	NOUN
ajfa-3333	184	57	.	.	PUNCT
ajfa-3333	185	1	this	this	PRON
ajfa-3333	185	2	proves	prove	VERB
ajfa-3333	185	3	the	the	DET
ajfa-3333	185	4	existence	existence	NOUN
ajfa-3333	185	5	of	of	ADP
ajfa-3333	185	6	mass	mass	ADJ
ajfa-3333	185	7	behavior	behavior	NOUN
ajfa-3333	185	8	.	.	PUNCT
ajfa-3333	186	1	6.1	6.1	NUM
ajfa-3333	186	2	practical	practical	ADJ
ajfa-3333	186	3	recommendations	recommendation	NOUN
ajfa-3333	186	4	investors	investor	NOUN
ajfa-3333	186	5	are	be	AUX
ajfa-3333	186	6	encouraged	encourage	VERB
ajfa-3333	186	7	to	to	PART
ajfa-3333	186	8	transact	transact	VERB
ajfa-3333	186	9	by	by	ADP
ajfa-3333	186	10	analytical	analytical	ADJ
ajfa-3333	186	11	study	study	NOUN
ajfa-3333	186	12	of	of	ADP
ajfa-3333	186	13	information	information	NOUN
ajfa-3333	186	14	and	and	CCONJ
ajfa-3333	186	15	future	future	ADJ
ajfa-3333	186	16	conditions	condition	NOUN
ajfa-3333	186	17	.	.	PUNCT
ajfa-3333	187	1	any	any	DET
ajfa-3333	187	2	investment	investment	NOUN
ajfa-3333	187	3	notwithstanding	notwithstanding	ADP
ajfa-3333	187	4	the	the	DET
ajfa-3333	187	5	conditions	condition	NOUN
ajfa-3333	187	6	governing	govern	VERB
ajfa-3333	187	7	transactions	transaction	NOUN
ajfa-3333	187	8	leads	lead	VERB
ajfa-3333	187	9	to	to	ADP
ajfa-3333	187	10	loss	loss	NOUN
ajfa-3333	187	11	.	.	PUNCT
ajfa-3333	188	1	short	short	ADJ
ajfa-3333	188	2	selling	selling	NOUN
ajfa-3333	188	3	may	may	AUX
ajfa-3333	188	4	be	be	AUX
ajfa-3333	188	5	a	a	DET
ajfa-3333	188	6	factor	factor	NOUN
ajfa-3333	188	7	preventing	prevent	VERB
ajfa-3333	188	8	the	the	DET
ajfa-3333	188	9	emergence	emergence	NOUN
ajfa-3333	188	10	of	of	ADP
ajfa-3333	188	11	bubble	bubble	NOUN
ajfa-3333	188	12	.	.	PUNCT
ajfa-3333	189	1	in	in	ADP
ajfa-3333	189	2	short	short	ADJ
ajfa-3333	189	3	selling	selling	NOUN
ajfa-3333	189	4	,	,	PUNCT
ajfa-3333	189	5	professional	professional	ADJ
ajfa-3333	189	6	investors	investor	NOUN
ajfa-3333	189	7	who	who	PRON
ajfa-3333	189	8	decide	decide	VERB
ajfa-3333	189	9	more	more	ADV
ajfa-3333	189	10	rationally	rationally	ADV
ajfa-3333	189	11	than	than	SCONJ
ajfa-3333	189	12	other	other	ADJ
ajfa-3333	189	13	shareholders	shareholder	NOUN
ajfa-3333	189	14	can	can	AUX
ajfa-3333	189	15	prevent	prevent	VERB
ajfa-3333	189	16	bubbles	bubble	NOUN
ajfa-3333	189	17	.	.	PUNCT
ajfa-3333	190	1	by	by	ADP
ajfa-3333	190	2	short	short	ADJ
ajfa-3333	190	3	selling	selling	NOUN
ajfa-3333	190	4	,	,	PUNCT
ajfa-3333	190	5	they	they	PRON
ajfa-3333	190	6	increase	increase	VERB
ajfa-3333	190	7	the	the	DET
ajfa-3333	190	8	supply	supply	NOUN
ajfa-3333	190	9	of	of	ADP
ajfa-3333	190	10	assets	asset	NOUN
ajfa-3333	190	11	,	,	PUNCT
ajfa-3333	190	12	and	and	CCONJ
ajfa-3333	190	13	prevent	prevent	VERB
ajfa-3333	190	14	any	any	DET
ajfa-3333	190	15	increase	increase	NOUN
ajfa-3333	190	16	in	in	ADP
ajfa-3333	190	17	the	the	DET
ajfa-3333	190	18	price	price	NOUN
ajfa-3333	190	19	of	of	ADP
ajfa-3333	190	20	assets	asset	NOUN
ajfa-3333	190	21	.	.	PUNCT
ajfa-3333	191	1	at	at	ADP
ajfa-3333	191	2	present	present	ADJ
ajfa-3333	191	3	,	,	PUNCT
ajfa-3333	191	4	the	the	DET
ajfa-3333	191	5	best	good	ADJ
ajfa-3333	191	6	method	method	NOUN
ajfa-3333	191	7	for	for	ADP
ajfa-3333	191	8	predicting	predict	VERB
ajfa-3333	191	9	price	price	NOUN
ajfa-3333	191	10	in	in	ADP
ajfa-3333	191	11	the	the	DET
ajfa-3333	191	12	stock	stock	NOUN
ajfa-3333	191	13	exchange	exchange	NOUN
ajfa-3333	191	14	of	of	ADP
ajfa-3333	191	15	tehran	tehran	PROPN
ajfa-3333	191	16	for	for	ADP
ajfa-3333	191	17	investors	investor	NOUN
ajfa-3333	191	18	and	and	CCONJ
ajfa-3333	191	19	those	those	DET
ajfa-3333	191	20	persons	person	NOUN
ajfa-3333	191	21	expecting	expect	VERB
ajfa-3333	191	22	short	short	ADJ
ajfa-3333	191	23	-	-	PUNCT
ajfa-3333	191	24	term	term	NOUN
ajfa-3333	191	25	yield	yield	NOUN
ajfa-3333	191	26	,	,	PUNCT
ajfa-3333	191	27	is	be	AUX
ajfa-3333	191	28	to	to	PART
ajfa-3333	191	29	pay	pay	VERB
ajfa-3333	191	30	attention	attention	NOUN
ajfa-3333	191	31	to	to	ADP
ajfa-3333	191	32	the	the	DET
ajfa-3333	191	33	previous	previous	ADJ
ajfa-3333	191	34	changes	change	NOUN
ajfa-3333	191	35	in	in	ADP
ajfa-3333	191	36	prices	price	NOUN
ajfa-3333	191	37	.	.	PUNCT
ajfa-3333	192	1	the	the	DET
ajfa-3333	192	2	correlation	correlation	NOUN
ajfa-3333	192	3	among	among	ADP
ajfa-3333	192	4	the	the	DET
ajfa-3333	192	5	sequential	sequential	ADJ
ajfa-3333	192	6	prices	price	NOUN
ajfa-3333	192	7	in	in	ADP
ajfa-3333	192	8	the	the	DET
ajfa-3333	192	9	stock	stock	NOUN
ajfa-3333	192	10	exchange	exchange	NOUN
ajfa-3333	192	11	of	of	ADP
ajfa-3333	192	12	tehran	tehran	PROPN
ajfa-3333	192	13	indicates	indicate	VERB
ajfa-3333	192	14	that	that	SCONJ
ajfa-3333	192	15	the	the	DET
ajfa-3333	192	16	stock	stock	NOUN
ajfa-3333	192	17	exchange	exchange	NOUN
ajfa-3333	192	18	is	be	AUX
ajfa-3333	192	19	inefficient	inefficient	ADJ
ajfa-3333	192	20	.	.	PUNCT
ajfa-3333	193	1	therefore	therefore	ADV
ajfa-3333	193	2	it	it	PRON
ajfa-3333	193	3	is	be	AUX
ajfa-3333	193	4	suggested	suggest	VERB
ajfa-3333	193	5	to	to	PART
ajfa-3333	193	6	pay	pay	VERB
ajfa-3333	193	7	more	more	ADJ
ajfa-3333	193	8	attention	attention	NOUN
ajfa-3333	193	9	to	to	ADP
ajfa-3333	193	10	the	the	DET
ajfa-3333	193	11	dissemination	dissemination	NOUN
ajfa-3333	193	12	of	of	ADP
ajfa-3333	193	13	correct	correct	ADJ
ajfa-3333	193	14	and	and	CCONJ
ajfa-3333	193	15	exact	exact	ADJ
ajfa-3333	193	16	information	information	NOUN
ajfa-3333	193	17	,	,	PUNCT
ajfa-3333	193	18	which	which	PRON
ajfa-3333	193	19	is	be	AUX
ajfa-3333	193	20	one	one	NUM
ajfa-3333	193	21	of	of	ADP
ajfa-3333	193	22	the	the	DET
ajfa-3333	193	23	most	most	ADV
ajfa-3333	193	24	important	important	ADJ
ajfa-3333	193	25	factors	factor	NOUN
ajfa-3333	193	26	of	of	ADP
ajfa-3333	193	27	efficiency	efficiency	NOUN
ajfa-3333	193	28	.	.	PUNCT
ajfa-3333	194	1	6.2	6.2	NUM
ajfa-3333	194	2	recommendations	recommendation	NOUN
ajfa-3333	194	3	for	for	ADP
ajfa-3333	194	4	the	the	DET
ajfa-3333	194	5	future	future	NOUN
ajfa-3333	194	6	researches	research	NOUN
ajfa-3333	194	7	study	study	VERB
ajfa-3333	194	8	the	the	DET
ajfa-3333	194	9	relation	relation	NOUN
ajfa-3333	194	10	among	among	ADP
ajfa-3333	194	11	fundamental	fundamental	ADJ
ajfa-3333	194	12	variables	variable	NOUN
ajfa-3333	194	13	(	(	PUNCT
ajfa-3333	194	14	including	include	VERB
ajfa-3333	194	15	dividends	dividend	NOUN
ajfa-3333	194	16	,	,	PUNCT
ajfa-3333	194	17	amortization	amortization	NOUN
ajfa-3333	194	18	,	,	PUNCT
ajfa-3333	194	19	output	output	NOUN
ajfa-3333	194	20	money	money	NOUN
ajfa-3333	194	21	used	use	VERB
ajfa-3333	194	22	for	for	ADP
ajfa-3333	194	23	the	the	DET
ajfa-3333	194	24	purchase	purchase	NOUN
ajfa-3333	194	25	of	of	ADP
ajfa-3333	194	26	fixed	fix	VERB
ajfa-3333	194	27	assets	asset	NOUN
ajfa-3333	194	28	)	)	PUNCT
ajfa-3333	194	29	with	with	ADP
ajfa-3333	194	30	the	the	DET
ajfa-3333	194	31	changes	change	NOUN
ajfa-3333	194	32	in	in	ADP
ajfa-3333	194	33	stock	stock	NOUN
ajfa-3333	194	34	price	price	NOUN
ajfa-3333	194	35	study	study	NOUN
ajfa-3333	194	36	the	the	DET
ajfa-3333	194	37	existence	existence	NOUN
ajfa-3333	194	38	of	of	ADP
ajfa-3333	194	39	bubbles	bubble	NOUN
ajfa-3333	194	40	in	in	ADP
ajfa-3333	194	41	other	other	ADJ
ajfa-3333	194	42	markets	market	NOUN
ajfa-3333	194	43	including	include	VERB
ajfa-3333	194	44	housing	housing	NOUN
ajfa-3333	194	45	,	,	PUNCT
ajfa-3333	194	46	gold	gold	NOUN
ajfa-3333	194	47	,	,	PUNCT
ajfa-3333	194	48	and	and	CCONJ
ajfa-3333	194	49	foreign	foreign	ADJ
ajfa-3333	194	50	currency	currency	NOUN
ajfa-3333	194	51	markets	market	NOUN
ajfa-3333	194	52	.	.	PUNCT
ajfa-3333	195	1	study	study	VERB
ajfa-3333	195	2	the	the	DET
ajfa-3333	195	3	effects	effect	NOUN
ajfa-3333	195	4	of	of	ADP
ajfa-3333	195	5	mass	mass	ADJ
ajfa-3333	195	6	behavior	behavior	NOUN
ajfa-3333	195	7	on	on	ADP
ajfa-3333	195	8	the	the	DET
ajfa-3333	195	9	stock	stock	NOUN
ajfa-3333	195	10	price	price	NOUN
ajfa-3333	195	11	in	in	ADP
ajfa-3333	195	12	short	short	ADJ
ajfa-3333	195	13	-	-	PUNCT
ajfa-3333	195	14	term	term	NOUN
ajfa-3333	195	15	periods	period	NOUN
ajfa-3333	195	16	(	(	PUNCT
ajfa-3333	195	17	weekly	weekly	ADJ
ajfa-3333	195	18	)	)	PUNCT
ajfa-3333	195	19	references	reference	NOUN
ajfa-3333	195	20	abbasian	abbasian	ADJ
ajfa-3333	195	21	,	,	PUNCT
ajfa-3333	195	22	ezatollah	ezatollah	ADJ
ajfa-3333	195	23	;	;	PUNCT
ajfa-3333	195	24	mahmoudi	mahmoudi	NOUN
ajfa-3333	195	25	,	,	PUNCT
ajfa-3333	195	26	vahid	vahid	PROPN
ajfa-3333	195	27	,	,	PUNCT
ajfa-3333	195	28	&	&	CCONJ
ajfa-3333	195	29	farzanegan	farzanegan	PROPN
ajfa-3333	195	30	,	,	PUNCT
ajfa-3333	195	31	elham	elham	PROPN
ajfa-3333	195	32	.	.	PUNCT
ajfa-3333	196	1	(	(	PUNCT
ajfa-3333	196	2	2010	2010	NUM
ajfa-3333	196	3	)	)	PUNCT
ajfa-3333	196	4	.	.	PUNCT
ajfa-3333	197	1	recognition	recognition	NOUN
ajfa-3333	197	2	of	of	ADP
ajfa-3333	197	3	price	price	NOUN
ajfa-3333	197	4	bubble	bubble	NOUN
ajfa-3333	197	5	of	of	ADP
ajfa-3333	197	6	unregistered	unregistered	ADJ
ajfa-3333	197	7	shares	share	NOUN
ajfa-3333	197	8	at	at	ADP
ajfa-3333	197	9	tehran	tehran	PROPN
ajfa-3333	197	10	stock	stock	PROPN
ajfa-3333	197	11	exchange	exchange	PROPN
ajfa-3333	197	12	.	.	PUNCT
ajfa-3333	198	1	accounting	accounting	NOUN
ajfa-3333	198	2	and	and	CCONJ
ajfa-3333	198	3	auditing	auditing	NOUN
ajfa-3333	198	4	analyses	analysis	NOUN
ajfa-3333	198	5	,	,	PUNCT
ajfa-3333	198	6	17(60	17(60	NUM
ajfa-3333	198	7	)	)	PUNCT
ajfa-3333	198	8	,	,	PUNCT
ajfa-3333	198	9	75	75	NUM
ajfa-3333	198	10	-	-	SYM
ajfa-3333	198	11	92	92	NUM
ajfa-3333	198	12	.	.	PUNCT
ajfa-3333	199	1	alavi	alavi	PROPN
ajfa-3333	199	2	tabar	tabar	PROPN
ajfa-3333	199	3	,	,	PUNCT
ajfa-3333	199	4	hossein	hossein	PROPN
ajfa-3333	199	5	,	,	PUNCT
ajfa-3333	199	6	&	&	CCONJ
ajfa-3333	199	7	jalili	jalili	NOUN
ajfa-3333	199	8	,	,	PUNCT
ajfa-3333	199	9	arezou	arezou	PROPN
ajfa-3333	199	10	.	.	PUNCT
ajfa-3333	199	11	(	(	PUNCT
ajfa-3333	199	12	2006	2006	NUM
ajfa-3333	199	13	)	)	PUNCT
ajfa-3333	199	14	.	.	PUNCT
ajfa-3333	200	1	profitability	profitability	NOUN
ajfa-3333	200	2	of	of	ADP
ajfa-3333	200	3	fundamental	fundamental	ADJ
ajfa-3333	200	4	variables	variable	NOUN
ajfa-3333	200	5	in	in	ADP
ajfa-3333	200	6	prediction	prediction	NOUN
ajfa-3333	200	7	of	of	ADP
ajfa-3333	200	8	profit	profit	NOUN
ajfa-3333	200	9	growth	growth	NOUN
ajfa-3333	200	10	.	.	PUNCT
ajfa-3333	201	1	accounting	accounting	NOUN
ajfa-3333	201	2	and	and	CCONJ
ajfa-3333	201	3	auditing	auditing	NOUN
ajfa-3333	201	4	analyses	analysis	NOUN
ajfa-3333	201	5	,	,	PUNCT
ajfa-3333	201	6	43	43	NUM
ajfa-3333	201	7	,	,	PUNCT
ajfa-3333	201	8	119	119	NUM
ajfa-3333	201	9	-	-	SYM
ajfa-3333	201	10	134	134	NUM
ajfa-3333	201	11	.	.	PUNCT
ajfa-3333	202	1	asian	asian	ADJ
ajfa-3333	202	2	journal	journal	PROPN
ajfa-3333	202	3	of	of	ADP
ajfa-3333	202	4	finance	finance	PROPN
ajfa-3333	202	5	&	&	CCONJ
ajfa-3333	202	6	accounting	accounting	PROPN
ajfa-3333	202	7	issn	issn	PROPN
ajfa-3333	202	8	1946	1946	NUM
ajfa-3333	202	9	-	-	PUNCT
ajfa-3333	202	10	052x	052x	NOUN
ajfa-3333	202	11	2013	2013	NUM
ajfa-3333	202	12	,	,	PUNCT
ajfa-3333	202	13	vol	vol	NOUN
ajfa-3333	202	14	.	.	PROPN
ajfa-3333	202	15	5	5	NUM
ajfa-3333	202	16	,	,	PUNCT
ajfa-3333	202	17	no	no	INTJ
ajfa-3333	202	18	.	.	NOUN
ajfa-3333	202	19	1	1	NUM
ajfa-3333	202	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3333	202	21	285	285	NUM
ajfa-3333	202	22	alipour	alipour	ADJ
ajfa-3333	202	23	,	,	PUNCT
ajfa-3333	202	24	siavash	siavash	PROPN
ajfa-3333	202	25	.	.	PUNCT
ajfa-3333	203	1	(	(	PUNCT
ajfa-3333	203	2	2007	2007	NUM
ajfa-3333	203	3	)	)	PUNCT
ajfa-3333	203	4	.	.	PUNCT
ajfa-3333	204	1	analysis	analysis	NOUN
ajfa-3333	204	2	of	of	ADP
ajfa-3333	204	3	existence	existence	NOUN
ajfa-3333	204	4	of	of	ADP
ajfa-3333	204	5	rational	rational	ADJ
ajfa-3333	204	6	price	price	NOUN
ajfa-3333	204	7	bubbles	bubble	NOUN
ajfa-3333	204	8	at	at	ADP
ajfa-3333	204	9	tehran	tehran	PROPN
ajfa-3333	204	10	stock	stock	PROPN
ajfa-3333	204	11	exchange	exchange	PROPN
ajfa-3333	204	12	,	,	PUNCT
ajfa-3333	204	13	final	final	ADJ
ajfa-3333	204	14	dissertation	dissertation	NOUN
ajfa-3333	204	15	for	for	ADP
ajfa-3333	204	16	the	the	DET
ajfa-3333	204	17	award	award	PROPN
ajfa-3333	204	18	of	of	ADP
ajfa-3333	204	19	master	master	NOUN
ajfa-3333	204	20	degree	degree	NOUN
ajfa-3333	204	21	,	,	PUNCT
ajfa-3333	204	22	faculty	faculty	NOUN
ajfa-3333	204	23	of	of	ADP
ajfa-3333	204	24	economics	economic	NOUN
ajfa-3333	204	25	,	,	PUNCT
ajfa-3333	204	26	mazandaran	mazandaran	PROPN
ajfa-3333	204	27	university	university	NOUN
ajfa-3333	204	28	.	.	PUNCT
ajfa-3333	205	1	allen.f	allen.f	PROPN
ajfa-3333	205	2	.	.	PROPN
ajfa-3333	205	3	,	,	PUNCT
ajfa-3333	205	4	&	&	CCONJ
ajfa-3333	205	5	g.gorton	g.gorton	PROPN
ajfa-3333	205	6	.	.	PUNCT
ajfa-3333	206	1	(	(	PUNCT
ajfa-3333	206	2	1988	1988	NUM
ajfa-3333	206	3	)	)	PUNCT
ajfa-3333	206	4	.	.	PUNCT
ajfa-3333	207	1	rational	rational	ADJ
ajfa-3333	207	2	finite	finite	ADJ
ajfa-3333	207	3	bubbles	bubble	NOUN
ajfa-3333	207	4	.	.	PUNCT
ajfa-3333	208	1	mimeo	mimeo	NOUN
ajfa-3333	208	2	.	.	PUNCT
ajfa-3333	209	1	the	the	DET
ajfa-3333	209	2	wharton	wharton	PROPN
ajfa-3333	209	3	school	school	PROPN
ajfa-3333	209	4	,	,	PUNCT
ajfa-3333	209	5	university	university	NOUN
ajfa-3333	209	6	of	of	ADP
ajfa-3333	209	7	pennsylvania	pennsylvania	PROPN
ajfa-3333	209	8	.	.	PUNCT
ajfa-3333	210	1	asadi	asadi	PROPN
ajfa-3333	210	2	,	,	PUNCT
ajfa-3333	210	3	gholamhossein	gholamhossein	NOUN
ajfa-3333	210	4	;	;	PUNCT
ajfa-3333	210	5	hamidizadeh	hamidizadeh	NOUN
ajfa-3333	210	6	,	,	PUNCT
ajfa-3333	210	7	mohammad	mohammad	PROPN
ajfa-3333	210	8	;	;	PUNCT
ajfa-3333	210	9	and	and	CCONJ
ajfa-3333	210	10	soltani	soltani	PROPN
ajfa-3333	210	11	,	,	PUNCT
ajfa-3333	210	12	asghar	asghar	PROPN
ajfa-3333	210	13	.	.	PUNCT
ajfa-3333	210	14	(	(	PUNCT
ajfa-3333	210	15	2006	2006	NUM
ajfa-3333	210	16	)	)	PUNCT
ajfa-3333	210	17	.	.	PUNCT
ajfa-3333	211	1	analysis	analysis	NOUN
ajfa-3333	211	2	of	of	ADP
ajfa-3333	211	3	price	price	NOUN
ajfa-3333	211	4	bubbles	bubble	NOUN
ajfa-3333	211	5	at	at	ADP
ajfa-3333	211	6	tehran	tehran	PROPN
ajfa-3333	211	7	stock	stock	PROPN
ajfa-3333	211	8	exchange	exchange	PROPN
ajfa-3333	211	9	based	base	VERB
ajfa-3333	211	10	on	on	ADP
ajfa-3333	211	11	the	the	DET
ajfa-3333	211	12	size	size	NOUN
ajfa-3333	211	13	of	of	ADP
ajfa-3333	211	14	company	company	NOUN
ajfa-3333	211	15	and	and	CCONJ
ajfa-3333	211	16	type	type	NOUN
ajfa-3333	211	17	of	of	ADP
ajfa-3333	211	18	industry	industry	NOUN
ajfa-3333	211	19	.	.	PUNCT
ajfa-3333	212	1	accounting	accounting	NOUN
ajfa-3333	212	2	studies	study	NOUN
ajfa-3333	212	3	quarterly	quarterly	ADV
ajfa-3333	212	4	,	,	PUNCT
ajfa-3333	212	5	14	14	NUM
ajfa-3333	212	6	,	,	PUNCT
ajfa-3333	212	7	39	39	NUM
ajfa-3333	212	8	-	-	SYM
ajfa-3333	212	9	70	70	NUM
ajfa-3333	212	10	.	.	PUNCT
ajfa-3333	213	1	banerjee	banerjee	PROPN
ajfa-3333	213	2	,	,	PUNCT
ajfa-3333	213	3	a.	a.	NOUN
ajfa-3333	213	4	(	(	PUNCT
ajfa-3333	213	5	1992	1992	NUM
ajfa-3333	213	6	)	)	PUNCT
ajfa-3333	213	7	.	.	PUNCT
ajfa-3333	214	1	a	a	DET
ajfa-3333	214	2	simple	simple	ADJ
ajfa-3333	214	3	model	model	NOUN
ajfa-3333	214	4	of	of	ADP
ajfa-3333	214	5	herd	herd	NOUN
ajfa-3333	214	6	behavior	behavior	NOUN
ajfa-3333	214	7	.	.	PUNCT
ajfa-3333	215	1	quarterly	quarterly	ADJ
ajfa-3333	215	2	journal	journal	NOUN
ajfa-3333	215	3	of	of	ADP
ajfa-3333	215	4	economics	economic	NOUN
ajfa-3333	215	5	,	,	PUNCT
ajfa-3333	215	6	107	107	NUM
ajfa-3333	215	7	,	,	PUNCT
ajfa-3333	215	8	797-817.http://dx.doi.org/10.2307/2118364	797-817.http://dx.doi.org/10.2307/2118364	NUM
ajfa-3333	215	9	bidgoli	bidgoli	NOUN
ajfa-3333	215	10	,	,	PUNCT
ajfa-3333	215	11	gholameza	gholameza	PROPN
ajfa-3333	215	12	eslami	eslami	PROPN
ajfa-3333	215	13	,	,	PUNCT
ajfa-3333	215	14	&	&	CCONJ
ajfa-3333	215	15	shahriari	shahriari	PROPN
ajfa-3333	215	16	,	,	PUNCT
ajfa-3333	215	17	sara	sara	PROPN
ajfa-3333	215	18	.	.	PUNCT
ajfa-3333	216	1	(	(	PUNCT
ajfa-3333	216	2	2007	2007	NUM
ajfa-3333	216	3	)	)	PUNCT
ajfa-3333	216	4	.	.	PUNCT
ajfa-3333	217	1	analysis	analysis	NOUN
ajfa-3333	217	2	and	and	CCONJ
ajfa-3333	217	3	test	test	NOUN
ajfa-3333	217	4	of	of	ADP
ajfa-3333	217	5	mass	mass	ADJ
ajfa-3333	217	6	behavior	behavior	NOUN
ajfa-3333	217	7	of	of	ADP
ajfa-3333	217	8	investors	investor	NOUN
ajfa-3333	217	9	by	by	ADP
ajfa-3333	217	10	using	use	VERB
ajfa-3333	217	11	deviations	deviation	NOUN
ajfa-3333	217	12	of	of	ADP
ajfa-3333	217	13	share	share	NOUN
ajfa-3333	217	14	yield	yield	NOUN
ajfa-3333	217	15	of	of	ADP
ajfa-3333	217	16	the	the	DET
ajfa-3333	217	17	total	total	ADJ
ajfa-3333	217	18	market	market	NOUN
ajfa-3333	217	19	yield	yield	NOUN
ajfa-3333	217	20	at	at	ADP
ajfa-3333	217	21	tehran	tehran	PROPN
ajfa-3333	217	22	stock	stock	PROPN
ajfa-3333	217	23	exchange	exchange	PROPN
ajfa-3333	217	24	during	during	ADP
ajfa-3333	217	25	the	the	DET
ajfa-3333	217	26	period	period	NOUN
ajfa-3333	217	27	between	between	ADP
ajfa-3333	217	28	2001	2001	NUM
ajfa-3333	217	29	and	and	CCONJ
ajfa-3333	217	30	2005	2005	NUM
ajfa-3333	217	31	.	.	PUNCT
ajfa-3333	218	1	accounting	accounting	NOUN
ajfa-3333	218	2	and	and	CCONJ
ajfa-3333	218	3	auditing	auditing	NOUN
ajfa-3333	218	4	analyses	analysis	NOUN
ajfa-3333	218	5	,	,	PUNCT
ajfa-3333	218	6	49	49	NUM
ajfa-3333	218	7	,	,	PUNCT
ajfa-3333	218	8	25	25	NUM
ajfa-3333	218	9	-	-	SYM
ajfa-3333	218	10	44	44	NUM
ajfa-3333	218	11	.	.	PUNCT
ajfa-3333	219	1	chirinko	chirinko	PROPN
ajfa-3333	219	2	,	,	PUNCT
ajfa-3333	219	3	r.	r.	PROPN
ajfa-3333	219	4	,	,	PUNCT
ajfa-3333	219	5	&	&	CCONJ
ajfa-3333	219	6	h.	h.	PROPN
ajfa-3333	219	7	schaller	schaller	PROPN
ajfa-3333	219	8	.	.	PUNCT
ajfa-3333	219	9	1996	1996	NUM
ajfa-3333	219	10	.	.	PUNCT
ajfa-3333	220	1	bubbles	bubble	NOUN
ajfa-3333	220	2	,	,	PUNCT
ajfa-3333	220	3	fundamentals	fundamental	NOUN
ajfa-3333	220	4	,	,	PUNCT
ajfa-3333	220	5	and	and	CCONJ
ajfa-3333	220	6	investment	investment	NOUN
ajfa-3333	220	7	:	:	PUNCT
ajfa-3333	220	8	a	a	DET
ajfa-3333	220	9	multiple	multiple	ADJ
ajfa-3333	220	10	equation	equation	NOUN
ajfa-3333	220	11	testing	testing	NOUN
ajfa-3333	220	12	strategy	strategy	NOUN
ajfa-3333	220	13	.	.	PUNCT
ajfa-3333	221	1	journal	journal	NOUN
ajfa-3333	221	2	of	of	ADP
ajfa-3333	221	3	monetary	monetary	ADJ
ajfa-3333	221	4	economics	economic	NOUN
ajfa-3333	221	5	,	,	PUNCT
ajfa-3333	221	6	38	38	NUM
ajfa-3333	221	7	,	,	PUNCT
ajfa-3333	221	8	47	47	NUM
ajfa-3333	221	9	-	-	SYM
ajfa-3333	221	10	76	76	NUM
ajfa-3333	221	11	.	.	PUNCT
ajfa-3333	222	1	http://dx.doi.org/10.1016/0304-3932(96)01267-6	http://dx.doi.org/10.1016/0304-3932(96)01267-6	PROPN
ajfa-3333	222	2	christie	christie	PROPN
ajfa-3333	222	3	,	,	PUNCT
ajfa-3333	222	4	w.g	w.g	PROPN
ajfa-3333	222	5	.	.	PROPN
ajfa-3333	222	6	,	,	PUNCT
ajfa-3333	222	7	&	&	CCONJ
ajfa-3333	222	8	huang	huang	PROPN
ajfa-3333	222	9	,	,	PUNCT
ajfa-3333	222	10	r.d	r.d	PROPN
ajfa-3333	222	11	.	.	PROPN
ajfa-3333	222	12	(	(	PUNCT
ajfa-3333	222	13	1995	1995	NUM
ajfa-3333	222	14	)	)	PUNCT
ajfa-3333	222	15	.	.	PUNCT
ajfa-3333	223	1	following	follow	VERB
ajfa-3333	223	2	the	the	DET
ajfa-3333	223	3	pied	pied	ADJ
ajfa-3333	223	4	piper	piper	NOUN
ajfa-3333	223	5	:	:	PUNCT
ajfa-3333	223	6	do	do	VERB
ajfa-3333	223	7	individual	individual	ADJ
ajfa-3333	223	8	returns	return	NOUN
ajfa-3333	223	9	herd	herd	VERB
ajfa-3333	223	10	around	around	ADP
ajfa-3333	223	11	the	the	DET
ajfa-3333	223	12	market	market	NOUN
ajfa-3333	223	13	?	?	PUNCT
ajfa-3333	224	1	financial	financial	ADJ
ajfa-3333	224	2	analysts	analyst	NOUN
ajfa-3333	224	3	journal	journal	NOUN
ajfa-3333	224	4	,	,	PUNCT
ajfa-3333	224	5	51	51	NUM
ajfa-3333	224	6	,	,	PUNCT
ajfa-3333	224	7	31	31	NUM
ajfa-3333	224	8	-	-	SYM
ajfa-3333	224	9	37	37	NUM
ajfa-3333	224	10	.	.	PUNCT
ajfa-3333	225	1	http://dx.doi.org/10.2469/faj.v51.n4.1918	http://dx.doi.org/10.2469/faj.v51.n4.1918	PROPN
ajfa-3333	225	2	diba	diba	PROPN
ajfa-3333	225	3	,	,	PUNCT
ajfa-3333	225	4	b.	b.	PROPN
ajfa-3333	225	5	t.	t.	PROPN
ajfa-3333	225	6	,	,	PUNCT
ajfa-3333	225	7	&	&	CCONJ
ajfa-3333	225	8	h.	h.	PROPN
ajfa-3333	225	9	i.	i.	PROPN
ajfa-3333	225	10	grossman	grossman	PROPN
ajfa-3333	225	11	.	.	PUNCT
ajfa-3333	226	1	(	(	PUNCT
ajfa-3333	226	2	1988	1988	NUM
ajfa-3333	226	3	)	)	PUNCT
ajfa-3333	226	4	.	.	PUNCT
ajfa-3333	227	1	explosive	explosive	ADJ
ajfa-3333	227	2	rational	rational	ADJ
ajfa-3333	227	3	bubbles	bubble	NOUN
ajfa-3333	227	4	in	in	ADP
ajfa-3333	227	5	stock	stock	NOUN
ajfa-3333	227	6	prices	price	NOUN
ajfa-3333	227	7	?	?	PUNCT
ajfa-3333	228	1	american	american	PROPN
ajfa-3333	228	2	economic	economic	PROPN
ajfa-3333	228	3	review	review	PROPN
ajfa-3333	228	4	,	,	PUNCT
ajfa-3333	228	5	78(3	78(3	NOUN
ajfa-3333	228	6	)	)	PUNCT
ajfa-3333	228	7	,	,	PUNCT
ajfa-3333	228	8	520–530	520–530	NUM
ajfa-3333	228	9	.	.	PUNCT
ajfa-3333	229	1	eva	eva	PROPN
ajfa-3333	229	2	r	r	PROPN
ajfa-3333	229	3	,	,	PUNCT
ajfa-3333	229	4	ponus	ponus	NOUN
ajfa-3333	229	5	–	–	PUNCT
ajfa-3333	229	6	gonzales	gonzales	PROPN
ajfa-3333	229	7	.	.	PUNCT
ajfa-3333	230	1	(	(	PUNCT
ajfa-3333	230	2	2000	2000	NUM
ajfa-3333	230	3	)	)	PUNCT
ajfa-3333	230	4	.	.	PUNCT
ajfa-3333	231	1	speculative	speculative	ADJ
ajfa-3333	231	2	bubbles	bubble	NOUN
ajfa-3333	231	3	and	and	CCONJ
ajfa-3333	231	4	tests	test	NOUN
ajfa-3333	231	5	of	of	ADP
ajfa-3333	231	6	the	the	DET
ajfa-3333	231	7	contagion	contagion	NOUN
ajfa-3333	231	8	mechanism	mechanism	NOUN
ajfa-3333	231	9	in	in	ADP
ajfa-3333	231	10	financial	financial	ADJ
ajfa-3333	231	11	markets	market	NOUN
ajfa-3333	231	12	.	.	PUNCT
ajfa-3333	232	1	a	a	DET
ajfa-3333	232	2	dissertation	dissertation	NOUN
ajfa-3333	232	3	from	from	ADP
ajfa-3333	232	4	florida	florida	PROPN
ajfa-3333	232	5	atlantic	atlantic	PROPN
ajfa-3333	232	6	university	university	PROPN
ajfa-3333	232	7	,	,	PUNCT
ajfa-3333	232	8	college	college	NOUN
ajfa-3333	232	9	of	of	ADP
ajfa-3333	232	10	business	business	NOUN
ajfa-3333	232	11	retrieved	retrieve	VERB
ajfa-3333	232	12	of	of	ADP
ajfa-3333	232	13	from	from	ADP
ajfa-3333	232	14	proquest	proquest	PROPN
ajfa-3333	232	15	website	website	NOUN
ajfa-3333	232	16	.	.	PUNCT
ajfa-3333	233	1	fadaeinezhad	fadaeinezhad	PROPN
ajfa-3333	233	2	,	,	PUNCT
ajfa-3333	233	3	mohammad	mohammad	PROPN
ajfa-3333	233	4	esmaeil	esmaeil	PROPN
ajfa-3333	233	5	,	,	PUNCT
ajfa-3333	233	6	&	&	CCONJ
ajfa-3333	233	7	eshghi	eshghi	PROPN
ajfa-3333	233	8	,	,	PUNCT
ajfa-3333	233	9	majid	majid	PROPN
ajfa-3333	233	10	.	.	PUNCT
ajfa-3333	234	1	(	(	PUNCT
ajfa-3333	234	2	2006	2006	NUM
ajfa-3333	234	3	)	)	PUNCT
ajfa-3333	234	4	.	.	PUNCT
ajfa-3333	235	1	analysis	analysis	NOUN
ajfa-3333	235	2	of	of	ADP
ajfa-3333	235	3	existence	existence	NOUN
ajfa-3333	235	4	of	of	ADP
ajfa-3333	235	5	bubble	bubble	NOUN
ajfa-3333	235	6	at	at	ADP
ajfa-3333	235	7	stock	stock	NOUN
ajfa-3333	235	8	exchanges	exchange	NOUN
ajfa-3333	235	9	in	in	ADP
ajfa-3333	235	10	iran	iran	PROPN
ajfa-3333	235	11	,	,	PUNCT
ajfa-3333	235	12	exchange	exchange	VERB
ajfa-3333	235	13	monthly	monthly	ADV
ajfa-3333	235	14	,	,	PUNCT
ajfa-3333	235	15	website	website	NOUN
ajfa-3333	235	16	of	of	ADP
ajfa-3333	235	17	iran	iran	PROPN
ajfa-3333	235	18	.	.	PUNCT
ajfa-3333	236	1	godari	godari	PROPN
ajfa-3333	236	2	,	,	PUNCT
ajfa-3333	236	3	akbar	akbar	NOUN
ajfa-3333	236	4	,	,	PUNCT
ajfa-3333	236	5	(	(	PUNCT
ajfa-3333	236	6	2006	2006	NUM
ajfa-3333	236	7	)	)	PUNCT
ajfa-3333	236	8	.	.	PUNCT
ajfa-3333	237	1	analysis	analysis	NOUN
ajfa-3333	237	2	of	of	ADP
ajfa-3333	237	3	price	price	NOUN
ajfa-3333	237	4	bubble	bubble	NOUN
ajfa-3333	237	5	at	at	ADP
ajfa-3333	237	6	tehran	tehran	PROPN
ajfa-3333	237	7	stock	stock	PROPN
ajfa-3333	237	8	exchange	exchange	PROPN
ajfa-3333	237	9	over	over	ADP
ajfa-3333	237	10	the	the	DET
ajfa-3333	237	11	recent	recent	ADJ
ajfa-3333	237	12	years	year	NOUN
ajfa-3333	237	13	(	(	PUNCT
ajfa-3333	237	14	2001	2001	NUM
ajfa-3333	237	15	-	-	SYM
ajfa-3333	237	16	2005	2005	NUM
ajfa-3333	237	17	)	)	PUNCT
ajfa-3333	237	18	,	,	PUNCT
ajfa-3333	237	19	final	final	ADJ
ajfa-3333	237	20	dissertation	dissertation	NOUN
ajfa-3333	237	21	for	for	ADP
ajfa-3333	237	22	the	the	DET
ajfa-3333	237	23	award	award	PROPN
ajfa-3333	237	24	of	of	ADP
ajfa-3333	237	25	master	master	NOUN
ajfa-3333	237	26	degree	degree	NOUN
ajfa-3333	237	27	,	,	PUNCT
ajfa-3333	237	28	tarbiat	tarbiat	PROPN
ajfa-3333	237	29	modarres	modarres	PROPN
ajfa-3333	237	30	university	university	PROPN
ajfa-3333	237	31	.	.	PUNCT
ajfa-3333	238	1	gonzales	gonzales	PROPN
ajfa-3333	238	2	.	.	PUNCT
ajfa-3333	239	1	(	(	PUNCT
ajfa-3333	239	2	2004	2004	NUM
ajfa-3333	239	3	)	)	PUNCT
ajfa-3333	239	4	.	.	PUNCT
ajfa-3333	240	1	fundamentals	fundamental	NOUN
ajfa-3333	240	2	versus	versus	ADP
ajfa-3333	240	3	contagion	contagion	NOUN
ajfa-3333	240	4	proxies	proxy	NOUN
ajfa-3333	240	5	to	to	PART
ajfa-3333	240	6	explain	explain	VERB
ajfa-3333	240	7	financial	financial	ADJ
ajfa-3333	240	8	assets	asset	NOUN
ajfa-3333	240	9	price	price	NOUN
ajfa-3333	240	10	changes	change	NOUN
ajfa-3333	240	11	.	.	PUNCT
ajfa-3333	241	1	ue	ue	ADJ
ajfa-3333	241	2	working	working	PROPN
ajfa-3333	241	3	paper	paper	NOUN
ajfa-3333	241	4	,	,	PUNCT
ajfa-3333	241	5	4	4	NUM
ajfa-3333	241	6	-	-	SYM
ajfa-3333	241	7	17	17	NUM
ajfa-3333	241	8	.	.	PUNCT
ajfa-3333	242	1	harman	harman	PROPN
ajfa-3333	242	2	,	,	PUNCT
ajfa-3333	242	3	s	s	PROPN
ajfa-3333	242	4	,	,	PUNCT
ajfa-3333	242	5	y.	y.	PROPN
ajfa-3333	242	6	(	(	PUNCT
ajfa-3333	242	7	2000	2000	NUM
ajfa-3333	242	8	)	)	PUNCT
ajfa-3333	242	9	.	.	PUNCT
ajfa-3333	243	1	bubbles	bubble	NOUN
ajfa-3333	243	2	,	,	PUNCT
ajfa-3333	243	3	fads	fad	NOUN
ajfa-3333	243	4	,	,	PUNCT
ajfa-3333	243	5	and	and	CCONJ
ajfa-3333	243	6	the	the	DET
ajfa-3333	243	7	psychology	psychology	NOUN
ajfa-3333	243	8	of	of	ADP
ajfa-3333	243	9	investors	investor	NOUN
ajfa-3333	243	10	.	.	PUNCT
ajfa-3333	244	1	a	a	DET
ajfa-3333	244	2	dissertation	dissertation	NOUN
ajfa-3333	244	3	from	from	ADP
ajfa-3333	244	4	state	state	NOUN
ajfa-3333	244	5	university	university	PROPN
ajfa-3333	244	6	college	college	PROPN
ajfa-3333	244	7	of	of	ADP
ajfa-3333	244	8	business	business	NOUN
ajfa-3333	244	9	retrieved	retrieve	VERB
ajfa-3333	244	10	from	from	ADP
ajfa-3333	244	11	proquest	proquest	PROPN
ajfa-3333	244	12	website	website	NOUN
ajfa-3333	244	13	.	.	PUNCT
ajfa-3333	245	1	hirschey	hirschey	PROPN
ajfa-3333	245	2	,	,	PUNCT
ajfa-3333	245	3	m.	m.	NOUN
ajfa-3333	245	4	(	(	PUNCT
ajfa-3333	245	5	2003	2003	NUM
ajfa-3333	245	6	)	)	PUNCT
ajfa-3333	245	7	.tech	.tech	ADP
ajfa-3333	245	8	stock	stock	NOUN
ajfa-3333	245	9	valuation	valuation	NOUN
ajfa-3333	245	10	:	:	PUNCT
ajfa-3333	245	11	investor	investor	NOUN
ajfa-3333	245	12	psychology	psychology	NOUN
ajfa-3333	245	13	and	and	CCONJ
ajfa-3333	245	14	economic	economic	ADJ
ajfa-3333	245	15	analysis	analysis	NOUN
ajfa-3333	245	16	.	.	PUNCT
ajfa-3333	246	1	kansas	kansas	PROPN
ajfa-3333	246	2	academic	academic	PROPN
ajfa-3333	246	3	press	press	PROPN
ajfa-3333	246	4	review	review	NOUN
ajfa-3333	246	5	,	,	PUNCT
ajfa-3333	246	6	45	45	NUM
ajfa-3333	246	7	-	-	SYM
ajfa-3333	246	8	60	60	NUM
ajfa-3333	246	9	.	.	PUNCT
ajfa-3333	247	1	asian	asian	ADJ
ajfa-3333	247	2	journal	journal	PROPN
ajfa-3333	247	3	of	of	ADP
ajfa-3333	247	4	finance	finance	PROPN
ajfa-3333	247	5	&	&	CCONJ
ajfa-3333	247	6	accounting	accounting	PROPN
ajfa-3333	247	7	issn	issn	PROPN
ajfa-3333	247	8	1946	1946	NUM
ajfa-3333	247	9	-	-	PUNCT
ajfa-3333	247	10	052x	052x	NOUN
ajfa-3333	247	11	2013	2013	NUM
ajfa-3333	247	12	,	,	PUNCT
ajfa-3333	247	13	vol	vol	NOUN
ajfa-3333	247	14	.	.	PROPN
ajfa-3333	247	15	5	5	NUM
ajfa-3333	247	16	,	,	PUNCT
ajfa-3333	247	17	no	no	INTJ
ajfa-3333	247	18	.	.	NOUN
ajfa-3333	247	19	1	1	NUM
ajfa-3333	247	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	247	21	286	286	NUM
ajfa-3333	247	22	kiani	kiani	PROPN
ajfa-3333	247	23	hazhir	hazhir	NOUN
ajfa-3333	247	24	,	,	PUNCT
ajfa-3333	247	25	kambiz	kambiz	PROPN
ajfa-3333	247	26	,	,	PUNCT
ajfa-3333	247	27	&	&	CCONJ
ajfa-3333	247	28	mirshamsi	mirshamsi	PROPN
ajfa-3333	247	29	,	,	PUNCT
ajfa-3333	247	30	arash	arash	PROPN
ajfa-3333	247	31	.	.	PUNCT
ajfa-3333	248	1	(	(	PUNCT
ajfa-3333	248	2	1999	1999	NUM
ajfa-3333	248	3	)	)	PUNCT
ajfa-3333	248	4	.	.	PUNCT
ajfa-3333	249	1	rational	rational	ADJ
ajfa-3333	249	2	bubbles	bubble	NOUN
ajfa-3333	249	3	at	at	ADP
ajfa-3333	249	4	tehran	tehran	PROPN
ajfa-3333	249	5	stock	stock	PROPN
ajfa-3333	249	6	exchange	exchange	PROPN
ajfa-3333	249	7	.	.	PUNCT
ajfa-3333	250	1	journal	journal	NOUN
ajfa-3333	250	2	of	of	ADP
ajfa-3333	250	3	planning	planning	NOUN
ajfa-3333	250	4	and	and	CCONJ
ajfa-3333	250	5	budget	budget	NOUN
ajfa-3333	250	6	,	,	PUNCT
ajfa-3333	250	7	68	68	NUM
ajfa-3333	250	8	.	.	PUNCT
ajfa-3333	251	1	ma’delat	ma’delat	PROPN
ajfa-3333	251	2	,	,	PUNCT
ajfa-3333	251	3	kourosh	kourosh	PROPN
ajfa-3333	251	4	.	.	PUNCT
ajfa-3333	252	1	(	(	PUNCT
ajfa-3333	252	2	2002	2002	NUM
ajfa-3333	252	3	)	)	PUNCT
ajfa-3333	252	4	.	.	PUNCT
ajfa-3333	253	1	analysis	analysis	NOUN
ajfa-3333	253	2	of	of	ADP
ajfa-3333	253	3	existence	existence	NOUN
ajfa-3333	253	4	of	of	ADP
ajfa-3333	253	5	price	price	NOUN
ajfa-3333	253	6	bubble	bubble	NOUN
ajfa-3333	253	7	at	at	ADP
ajfa-3333	253	8	tehran	tehran	PROPN
ajfa-3333	253	9	stock	stock	PROPN
ajfa-3333	253	10	exchange	exchange	PROPN
ajfa-3333	253	11	over	over	ADP
ajfa-3333	253	12	the	the	DET
ajfa-3333	253	13	recent	recent	ADJ
ajfa-3333	253	14	years	year	NOUN
ajfa-3333	253	15	,	,	PUNCT
ajfa-3333	253	16	tehran	tehran	PROPN
ajfa-3333	253	17	,	,	PUNCT
ajfa-3333	253	18	a	a	DET
ajfa-3333	253	19	collection	collection	NOUN
ajfa-3333	253	20	of	of	ADP
ajfa-3333	253	21	researches	research	NOUN
ajfa-3333	253	22	by	by	ADP
ajfa-3333	253	23	central	central	ADJ
ajfa-3333	253	24	bank	bank	PROPN
ajfa-3333	253	25	of	of	ADP
ajfa-3333	253	26	ian	ian	PROPN
ajfa-3333	253	27	,	,	PUNCT
ajfa-3333	253	28	no	no	INTJ
ajfa-3333	253	29	.	.	NOUN
ajfa-3333	253	30	20	20	NUM
ajfa-3333	253	31	,	,	PUNCT
ajfa-3333	253	32	feb	feb	PROPN
ajfa-3333	253	33	.	.	PROPN
ajfa-3333	253	34	2003	2003	NUM
ajfa-3333	253	35	.	.	PUNCT
ajfa-3333	254	1	mcqueen	mcqueen	PROPN
ajfa-3333	254	2	,	,	PUNCT
ajfa-3333	254	3	g.	g.	PROPN
ajfa-3333	254	4	,	,	PUNCT
ajfa-3333	254	5	&	&	CCONJ
ajfa-3333	254	6	s.	s.	PROPN
ajfa-3333	254	7	thorley	thorley	PROPN
ajfa-3333	254	8	.	.	PUNCT
ajfa-3333	255	1	(	(	PUNCT
ajfa-3333	255	2	1994	1994	NUM
ajfa-3333	255	3	)	)	PUNCT
ajfa-3333	255	4	.	.	PUNCT
ajfa-3333	256	1	bubbles	bubble	NOUN
ajfa-3333	256	2	,	,	PUNCT
ajfa-3333	256	3	stock	stock	NOUN
ajfa-3333	256	4	returns	return	NOUN
ajfa-3333	256	5	,	,	PUNCT
ajfa-3333	256	6	and	and	CCONJ
ajfa-3333	256	7	duration	duration	NOUN
ajfa-3333	256	8	dependence	dependence	NOUN
ajfa-3333	256	9	.	.	PUNCT
ajfa-3333	257	1	journal	journal	NOUN
ajfa-3333	257	2	of	of	ADP
ajfa-3333	257	3	financial	financial	PROPN
ajfa-3333	257	4	&	&	CCONJ
ajfa-3333	257	5	quantitative	quantitative	ADJ
ajfa-3333	257	6	analysis	analysis	NOUN
ajfa-3333	257	7	,	,	PUNCT
ajfa-3333	257	8	29	29	NUM
ajfa-3333	257	9	,	,	PUNCT
ajfa-3333	257	10	379	379	NUM
ajfa-3333	257	11	-	-	SYM
ajfa-3333	257	12	401	401	NUM
ajfa-3333	257	13	.	.	PUNCT
ajfa-3333	258	1	http://dx.doi.org/10.2307/2331336	http://dx.doi.org/10.2307/2331336	PROPN
ajfa-3333	258	2	nasrollahi	nasrollahi	NOUN
ajfa-3333	258	3	,	,	PUNCT
ajfa-3333	258	4	zahra	zahra	PROPN
ajfa-3333	258	5	.	.	PUNCT
ajfa-3333	258	6	(	(	PUNCT
ajfa-3333	258	7	1998	1998	NUM
ajfa-3333	258	8	)	)	PUNCT
ajfa-3333	258	9	.	.	PUNCT
ajfa-3333	259	1	theoretical	theoretical	ADJ
ajfa-3333	259	2	foundations	foundation	NOUN
ajfa-3333	259	3	and	and	CCONJ
ajfa-3333	259	4	evaluation	evaluation	NOUN
ajfa-3333	259	5	methods	method	NOUN
ajfa-3333	259	6	of	of	ADP
ajfa-3333	259	7	transactional	transactional	ADJ
ajfa-3333	259	8	bubbles	bubble	NOUN
ajfa-3333	259	9	at	at	ADP
ajfa-3333	259	10	financial	financial	ADJ
ajfa-3333	259	11	markets	market	NOUN
ajfa-3333	259	12	,	,	PUNCT
ajfa-3333	259	13	department	department	NOUN
ajfa-3333	259	14	for	for	ADP
ajfa-3333	259	15	economic	economic	ADJ
ajfa-3333	259	16	studies	study	NOUN
ajfa-3333	259	17	and	and	CCONJ
ajfa-3333	259	18	analysis	analysis	NOUN
ajfa-3333	259	19	,	,	PUNCT
ajfa-3333	259	20	tehran	tehran	PROPN
ajfa-3333	259	21	stock	stock	PROPN
ajfa-3333	259	22	exchange	exchange	PROPN
ajfa-3333	259	23	.	.	PUNCT
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ajfa-3333	260	3	,	,	PUNCT
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ajfa-3333	260	5	.	.	X
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ajfa-3333	260	8	s.	s.	PROPN
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ajfa-3333	260	10	,	,	PUNCT
ajfa-3333	260	11	&	&	CCONJ
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ajfa-3333	260	14	.	.	PUNCT
ajfa-3333	261	1	(	(	PUNCT
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ajfa-3333	261	3	)	)	PUNCT
ajfa-3333	261	4	.	.	PUNCT
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ajfa-3333	262	2	ponzi	ponzi	PROPN
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ajfa-3333	262	4	.	.	PUNCT
ajfa-3333	263	1	international	international	ADJ
ajfa-3333	263	2	economic	economic	PROPN
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ajfa-3333	263	4	,	,	PUNCT
ajfa-3333	263	5	29	29	NUM
ajfa-3333	263	6	,	,	PUNCT
ajfa-3333	263	7	431450	431450	NUM
ajfa-3333	263	8	.	.	PUNCT
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ajfa-3333	264	3	,	,	PUNCT
ajfa-3333	264	4	r	r	NOUN
ajfa-3333	264	5	.	.	PUNCT
ajfa-3333	265	1	j.	j.	PROPN
ajfa-3333	265	2	(	(	PUNCT
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ajfa-3333	265	4	)	)	PUNCT
ajfa-3333	265	5	.	.	PUNCT
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ajfa-3333	266	2	stock	stock	NOUN
ajfa-3333	266	3	prices	price	NOUN
ajfa-3333	266	4	move	move	VERB
ajfa-3333	266	5	too	too	ADV
ajfa-3333	266	6	much	much	ADV
ajfa-3333	266	7	to	to	PART
ajfa-3333	266	8	be	be	AUX
ajfa-3333	266	9	justified	justify	VERB
ajfa-3333	266	10	by	by	ADP
ajfa-3333	266	11	subsequent	subsequent	ADJ
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ajfa-3333	266	13	in	in	ADP
ajfa-3333	266	14	dividends	dividend	NOUN
ajfa-3333	266	15	?	?	PUNCT
ajfa-3333	267	1	american	american	PROPN
ajfa-3333	267	2	economic	economic	PROPN
ajfa-3333	267	3	review	review	PROPN
ajfa-3333	267	4	,	,	PUNCT
ajfa-3333	267	5	71	71	NUM
ajfa-3333	267	6	,	,	PUNCT
ajfa-3333	267	7	421	421	NUM
ajfa-3333	267	8	-	-	SYM
ajfa-3333	267	9	436	436	NUM
ajfa-3333	267	10	.	.	PUNCT
ajfa-3333	268	1	shiller	shiller	PROPN
ajfa-3333	268	2	,	,	PUNCT
ajfa-3333	268	3	r.j	r.j	PROPN
ajfa-3333	268	4	.	.	PROPN
ajfa-3333	268	5	,	,	PUNCT
ajfa-3333	268	6	&	&	CCONJ
ajfa-3333	268	7	j.pound	j.pound	PROPN
ajfa-3333	268	8	.	.	PUNCT
ajfa-3333	269	1	(	(	PUNCT
ajfa-3333	269	2	1989	1989	NUM
ajfa-3333	269	3	)	)	PUNCT
ajfa-3333	269	4	.	.	PUNCT
ajfa-3333	270	1	survey	survey	NOUN
ajfa-3333	270	2	evidence	evidence	NOUN
ajfa-3333	270	3	on	on	ADP
ajfa-3333	270	4	diffusion	diffusion	NOUN
ajfa-3333	270	5	of	of	ADP
ajfa-3333	270	6	interest	interest	NOUN
ajfa-3333	270	7	and	and	CCONJ
ajfa-3333	270	8	information	information	NOUN
ajfa-3333	270	9	among	among	ADP
ajfa-3333	270	10	investors	investor	NOUN
ajfa-3333	270	11	.	.	PUNCT
ajfa-3333	271	1	journal	journal	NOUN
ajfa-3333	271	2	of	of	ADP
ajfa-3333	271	3	economic	economic	ADJ
ajfa-3333	271	4	behavior	behavior	NOUN
ajfa-3333	271	5	&	&	CCONJ
ajfa-3333	271	6	organization	organization	PROPN
ajfa-3333	271	7	,	,	PUNCT
ajfa-3333	271	8	12	12	NUM
ajfa-3333	271	9	,	,	PUNCT
ajfa-3333	271	10	47	47	NUM
ajfa-3333	271	11	-	-	SYM
ajfa-3333	271	12	66	66	NUM
ajfa-3333	271	13	.	.	PUNCT
ajfa-3333	272	1	http://dx.doi.org/10.1016/0167-2681(89)90076-0	http://dx.doi.org/10.1016/0167-2681(89)90076-0	PROPN
ajfa-3333	272	2	tirole	tirole	PROPN
ajfa-3333	272	3	,	,	PUNCT
ajfa-3333	272	4	j.	j.	PROPN
ajfa-3333	272	5	(	(	PUNCT
ajfa-3333	272	6	1985	1985	NUM
ajfa-3333	272	7	)	)	PUNCT
ajfa-3333	272	8	.	.	PUNCT
ajfa-3333	273	1	asset	asset	NOUN
ajfa-3333	273	2	bubbles	bubble	NOUN
ajfa-3333	273	3	and	and	CCONJ
ajfa-3333	273	4	overlapping	overlap	VERB
ajfa-3333	273	5	generations	generation	NOUN
ajfa-3333	273	6	.	.	PUNCT
ajfa-3333	274	1	econometrical	econometrical	ADJ
ajfa-3333	274	2	,	,	PUNCT
ajfa-3333	274	3	53	53	NUM
ajfa-3333	274	4	,	,	PUNCT
ajfa-3333	274	5	499	499	NUM
ajfa-3333	274	6	-	-	SYM
ajfa-3333	274	7	528	528	NUM
ajfa-3333	274	8	.	.	PUNCT
ajfa-3333	274	9	table	table	NOUN
ajfa-3333	274	10	1	1	NUM
ajfa-3333	274	11	&	&	CCONJ
ajfa-3333	274	12	2	2	NUM
ajfa-3333	274	13	.	.	PUNCT
ajfa-3333	275	1	descriptive	descriptive	ADJ
ajfa-3333	275	2	statistics	statistic	NOUN
ajfa-3333	275	3	of	of	ADP
ajfa-3333	275	4	the	the	DET
ajfa-3333	275	5	variables	variable	NOUN
ajfa-3333	275	6	n	n	PRON
ajfa-3333	275	7	mean	mean	VERB
ajfa-3333	275	8	median	median	ADJ
ajfa-3333	275	9	std	std	PROPN
ajfa-3333	275	10	.	.	PUNCT
ajfa-3333	276	1	deviation	deviation	NOUN
ajfa-3333	276	2	skewness	skewness	NOUN
ajfa-3333	276	3	kurtosis	kurtosis	VERB
ajfa-3333	276	4	valid	valid	ADJ
ajfa-3333	276	5	missing	missing	ADJ
ajfa-3333	276	6	deltae	deltae	NOUN
ajfa-3333	276	7	390	390	NUM
ajfa-3333	276	8	0	0	NUM
ajfa-3333	276	9	.02849	.02849	NOUN
ajfa-3333	276	10	-.09335	-.09335	PUNCT
ajfa-3333	276	11	.573305	.573305	NOUN
ajfa-3333	276	12	1.888	1.888	NUM
ajfa-3333	276	13	5.265	5.265	NUM
ajfa-3333	276	14	ln(deltap	ln(deltap	NOUN
ajfa-3333	276	15	)	)	PUNCT
ajfa-3333	276	16	390	390	NUM
ajfa-3333	276	17	0	0	NUM
ajfa-3333	276	18	-.1062	-.1062	SYM
ajfa-3333	276	19	-.0980	-.0980	PUNCT
ajfa-3333	276	20	.52289	.52289	PROPN
ajfa-3333	277	1	-.159	-.159	PROPN
ajfa-3333	277	2	.561	.561	NUM
ajfa-3333	278	1	deltar	deltar	PROPN
ajfa-3333	278	2	390	390	NUM
ajfa-3333	278	3	0	0	NUM
ajfa-3333	278	4	.01762	.01762	PROPN
ajfa-3333	278	5	.01026	.01026	PROPN
ajfa-3333	279	1	1.980346	1.980346	NUM
ajfa-3333	279	2	.455	.455	NUM
ajfa-3333	279	3	5.395	5.395	NUM
ajfa-3333	279	4	deltae	deltae	NOUN
ajfa-3333	279	5	390	390	NUM
ajfa-3333	279	6	0	0	NUM
ajfa-3333	279	7	.11300	.11300	NOUN
ajfa-3333	279	8	02569	02569	NUM
ajfa-3333	279	9	.569257	.569257	NOUN
ajfa-3333	279	10	1.696	1.696	NUM
ajfa-3333	279	11	5.345	5.345	NUM
ajfa-3333	279	12	n	n	PRON
ajfa-3333	279	13	mean	mean	VERB
ajfa-3333	279	14	median	median	ADJ
ajfa-3333	279	15	std	std	PROPN
ajfa-3333	279	16	.	.	PUNCT
ajfa-3333	280	1	deviation	deviation	NOUN
ajfa-3333	280	2	skewness	skewness	NOUN
ajfa-3333	280	3	kurtosis	kurtosis	VERB
ajfa-3333	280	4	valid	valid	ADJ
ajfa-3333	280	5	missing	missing	ADJ
ajfa-3333	280	6	deltaiv	deltaiv	NOUN
ajfa-3333	280	7	4443	4443	NUM
ajfa-3333	280	8	237	237	NUM
ajfa-3333	280	9	.65397	.65397	NOUN
ajfa-3333	280	10	-.03872	-.03872	PUNCT
ajfa-3333	280	11	4.063151	4.063151	NUM
ajfa-3333	280	12	9.868	9.868	NUM
ajfa-3333	280	13	116.775	116.775	NUM
ajfa-3333	280	14	ln(deltaiv	ln(deltaiv	NOUN
ajfa-3333	280	15	)	)	PUNCT
ajfa-3333	280	16	4443	4443	NUM
ajfa-3333	280	17	237	237	NUM
ajfa-3333	280	18	1.4376	1.4376	NUM
ajfa-3333	280	19	1.3766	1.3766	NUM
ajfa-3333	280	20	.35868	.35868	VERB
ajfa-3333	280	21	2.365	2.365	NUM
ajfa-3333	280	22	19.586	19.586	NUM
ajfa-3333	280	23	deltap	deltap	NOUN
ajfa-3333	280	24	4342	4342	NUM
ajfa-3333	280	25	338	338	NUM
ajfa-3333	280	26	-.06578	-.06578	PUNCT
ajfa-3333	280	27	-.00693	-.00693	PUNCT
ajfa-3333	280	28	.392737	.392737	NOUN
ajfa-3333	280	29	2.066	2.066	NUM
ajfa-3333	280	30	29.988	29.988	NUM
ajfa-3333	280	31	table	table	NOUN
ajfa-3333	280	32	3	3	NUM
ajfa-3333	280	33	.	.	PUNCT
ajfa-3333	280	34	analysis	analysis	NOUN
ajfa-3333	280	35	of	of	ADP
ajfa-3333	280	36	variance	variance	NOUN
ajfa-3333	280	37	(	(	PUNCT
ajfa-3333	280	38	anova	anova	PROPN
ajfa-3333	280	39	)	)	PUNCT
ajfa-3333	280	40	test	test	NOUN
ajfa-3333	280	41	for	for	ADP
ajfa-3333	280	42	simple	simple	ADJ
ajfa-3333	280	43	linear	linear	ADJ
ajfa-3333	280	44	regression	regression	NOUN
ajfa-3333	280	45	model	model	NOUN
ajfa-3333	280	46	sum	sum	NOUN
ajfa-3333	280	47	of	of	ADP
ajfa-3333	280	48	squares	square	NOUN
ajfa-3333	280	49	df	df	PROPN
ajfa-3333	280	50	mean	mean	PROPN
ajfa-3333	280	51	square	square	PROPN
ajfa-3333	280	52	f	f	PROPN
ajfa-3333	280	53	sig	sig	PROPN
ajfa-3333	280	54	.	.	PROPN
ajfa-3333	280	55	1	1	NUM
ajfa-3333	280	56	regression	regression	NOUN
ajfa-3333	280	57	.236	.236	NUM
ajfa-3333	280	58	1	1	NUM
ajfa-3333	280	59	.236	.236	NUM
ajfa-3333	280	60	.864	.864	NUM
ajfa-3333	280	61	.353(a	.353(a	PROPN
ajfa-3333	280	62	)	)	PUNCT
ajfa-3333	280	63	residual	residual	ADJ
ajfa-3333	280	64	106.121	106.121	NUM
ajfa-3333	280	65	388	388	NUM
ajfa-3333	280	66	.274	.274	NUM
ajfa-3333	280	67	total	total	ADJ
ajfa-3333	280	68	106.357	106.357	NUM
ajfa-3333	280	69	389	389	NUM
ajfa-3333	280	70	asian	asian	ADJ
ajfa-3333	280	71	journal	journal	NOUN
ajfa-3333	280	72	of	of	ADP
ajfa-3333	280	73	finance	finance	PROPN
ajfa-3333	280	74	&	&	CCONJ
ajfa-3333	280	75	accounting	accounting	PROPN
ajfa-3333	280	76	issn	issn	PROPN
ajfa-3333	280	77	1946	1946	NUM
ajfa-3333	280	78	-	-	PUNCT
ajfa-3333	280	79	052x	052x	NOUN
ajfa-3333	280	80	2013	2013	NUM
ajfa-3333	280	81	,	,	PUNCT
ajfa-3333	280	82	vol	vol	NOUN
ajfa-3333	280	83	.	.	PROPN
ajfa-3333	280	84	5	5	NUM
ajfa-3333	280	85	,	,	PUNCT
ajfa-3333	280	86	no	no	INTJ
ajfa-3333	280	87	.	.	NOUN
ajfa-3333	280	88	1	1	NUM
ajfa-3333	280	89	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	280	90	287	287	NUM
ajfa-3333	280	91	table	table	NOUN
ajfa-3333	280	92	4	4	NUM
ajfa-3333	280	93	.	.	PUNCT
ajfa-3333	280	94	multiple	multiple	ADJ
ajfa-3333	280	95	correlation	correlation	NOUN
ajfa-3333	280	96	coefficient	coefficient	NOUN
ajfa-3333	280	97	,	,	PUNCT
ajfa-3333	280	98	determination	determination	NOUN
ajfa-3333	280	99	coefficient	coefficient	NOUN
ajfa-3333	280	100	,	,	PUNCT
ajfa-3333	280	101	adjusted	adjusted	ADJ
ajfa-3333	280	102	determination	determination	NOUN
ajfa-3333	280	103	coefficient	coefficient	NOUN
ajfa-3333	280	104	,	,	PUNCT
ajfa-3333	280	105	and	and	CCONJ
ajfa-3333	280	106	durbin	durbin	ADJ
ajfa-3333	280	107	–	–	PUNCT
ajfa-3333	280	108	watson	watson	PROPN
ajfa-3333	280	109	statistic	statistic	NOUN
ajfa-3333	280	110	model	model	NOUN
ajfa-3333	280	111	r	r	NOUN
ajfa-3333	280	112	r	r	NOUN
ajfa-3333	280	113	square	square	ADJ
ajfa-3333	280	114	adjusted	adjust	VERB
ajfa-3333	280	115	r	r	NOUN
ajfa-3333	280	116	square	square	ADJ
ajfa-3333	280	117	std	std	NOUN
ajfa-3333	280	118	.	.	PUNCT
ajfa-3333	280	119	error	error	NOUN
ajfa-3333	280	120	of	of	ADP
ajfa-3333	280	121	the	the	DET
ajfa-3333	280	122	estimate	estimate	NOUN
ajfa-3333	280	123	durbin	durbin	PROPN
ajfa-3333	280	124	-	-	PUNCT
ajfa-3333	280	125	watson	watson	PROPN
ajfa-3333	280	126	1	1	NUM
ajfa-3333	280	127	.047(a	.047(a	PROPN
ajfa-3333	280	128	)	)	PUNCT
ajfa-3333	280	129	.002	.002	NUM
ajfa-3333	280	130	.000	.000	NUM
ajfa-3333	281	1	.52298	.52298	PROPN
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ajfa-3333	281	3	a.	a.	NOUN
ajfa-3333	281	4	predictors	predictor	NOUN
ajfa-3333	281	5	:	:	PUNCT
ajfa-3333	281	6	(	(	PUNCT
ajfa-3333	281	7	constant	constant	ADJ
ajfa-3333	281	8	)	)	PUNCT
ajfa-3333	281	9	,	,	PUNCT
ajfa-3333	281	10	deltar	deltar	PROPN
ajfa-3333	281	11	b.	b.	PROPN
ajfa-3333	281	12	dependent	dependent	ADJ
ajfa-3333	281	13	variable	variable	NOUN
ajfa-3333	281	14	:	:	PUNCT
ajfa-3333	281	15	ln	ln	ADJ
ajfa-3333	281	16	(	(	PUNCT
ajfa-3333	281	17	deltap	deltap	NOUN
ajfa-3333	281	18	)	)	PUNCT
ajfa-3333	281	19	table	table	NOUN
ajfa-3333	281	20	5	5	NUM
ajfa-3333	281	21	.	.	PUNCT
ajfa-3333	282	1	analysis	analysis	NOUN
ajfa-3333	282	2	of	of	ADP
ajfa-3333	282	3	variance	variance	NOUN
ajfa-3333	282	4	(	(	PUNCT
ajfa-3333	282	5	anova	anova	PROPN
ajfa-3333	282	6	)	)	PUNCT
ajfa-3333	282	7	test	test	NOUN
ajfa-3333	282	8	for	for	ADP
ajfa-3333	282	9	simple	simple	ADJ
ajfa-3333	282	10	linear	linear	ADJ
ajfa-3333	282	11	regression	regression	NOUN
ajfa-3333	282	12	model	model	NOUN
ajfa-3333	282	13	sum	sum	NOUN
ajfa-3333	282	14	of	of	ADP
ajfa-3333	282	15	squares	square	NOUN
ajfa-3333	282	16	df	df	PROPN
ajfa-3333	282	17	mean	mean	PROPN
ajfa-3333	282	18	square	square	PROPN
ajfa-3333	282	19	f	f	PROPN
ajfa-3333	282	20	sig	sig	PROPN
ajfa-3333	282	21	.	.	PROPN
ajfa-3333	282	22	1	1	NUM
ajfa-3333	282	23	regression	regression	NOUN
ajfa-3333	282	24	.000	.000	NUM
ajfa-3333	282	25	1	1	NUM
ajfa-3333	282	26	.000	.000	NUM
ajfa-3333	282	27	.001	.001	NUM
ajfa-3333	282	28	.980(a	.980(a	NOUN
ajfa-3333	282	29	)	)	PUNCT
ajfa-3333	282	30	residual	residual	ADJ
ajfa-3333	282	31	106.357	106.357	NUM
ajfa-3333	282	32	388	388	NUM
ajfa-3333	282	33	.274	.274	NUM
ajfa-3333	282	34	total	total	ADJ
ajfa-3333	282	35	106.357	106.357	NUM
ajfa-3333	282	36	389	389	NUM
ajfa-3333	282	37	a.	a.	NOUN
ajfa-3333	282	38	predictors	predictor	NOUN
ajfa-3333	282	39	:	:	PUNCT
ajfa-3333	282	40	(	(	PUNCT
ajfa-3333	282	41	constant	constant	ADJ
ajfa-3333	282	42	)	)	PUNCT
ajfa-3333	282	43	,	,	PUNCT
ajfa-3333	283	1	deltae	deltae	PROPN
ajfa-3333	283	2	b.	b.	PROPN
ajfa-3333	284	1	dependent	dependent	ADJ
ajfa-3333	284	2	variable	variable	NOUN
ajfa-3333	284	3	:	:	PUNCT
ajfa-3333	284	4	ln	ln	ADJ
ajfa-3333	284	5	(	(	PUNCT
ajfa-3333	284	6	deltap	deltap	NOUN
ajfa-3333	284	7	)	)	PUNCT
ajfa-3333	284	8	table	table	NOUN
ajfa-3333	284	9	6	6	NUM
ajfa-3333	284	10	.	.	PUNCT
ajfa-3333	285	1	multiple	multiple	ADJ
ajfa-3333	285	2	correlation	correlation	NOUN
ajfa-3333	285	3	coefficient	coefficient	NOUN
ajfa-3333	285	4	,	,	PUNCT
ajfa-3333	285	5	determination	determination	NOUN
ajfa-3333	285	6	coefficient	coefficient	NOUN
ajfa-3333	285	7	,	,	PUNCT
ajfa-3333	285	8	adjusted	adjusted	ADJ
ajfa-3333	285	9	determination	determination	NOUN
ajfa-3333	285	10	coefficient	coefficient	NOUN
ajfa-3333	285	11	,	,	PUNCT
ajfa-3333	285	12	and	and	CCONJ
ajfa-3333	285	13	durbin	durbin	ADJ
ajfa-3333	285	14	–	–	PUNCT
ajfa-3333	285	15	watson	watson	PROPN
ajfa-3333	285	16	statistic	statistic	NOUN
ajfa-3333	285	17	model	model	NOUN
ajfa-3333	285	18	r	r	NOUN
ajfa-3333	285	19	r	r	NOUN
ajfa-3333	285	20	square	square	ADJ
ajfa-3333	285	21	adjusted	adjust	VERB
ajfa-3333	285	22	r	r	NOUN
ajfa-3333	285	23	square	square	ADJ
ajfa-3333	285	24	std	std	NOUN
ajfa-3333	285	25	.	.	PUNCT
ajfa-3333	286	1	error	error	NOUN
ajfa-3333	286	2	of	of	ADP
ajfa-3333	286	3	the	the	DET
ajfa-3333	286	4	estimate	estimate	NOUN
ajfa-3333	286	5	durbin	durbin	NOUN
ajfa-3333	286	6	-	-	PUNCT
ajfa-3333	286	7	watson	watson	PROPN
ajfa-3333	286	8	1	1	NUM
ajfa-3333	286	9	.001(a	.001(a	NOUN
ajfa-3333	286	10	)	)	PUNCT
ajfa-3333	286	11	.000	.000	NUM
ajfa-3333	287	1	-.003	-.003	PROPN
ajfa-3333	287	2	.52356	.52356	NOUN
ajfa-3333	288	1	2.112	2.112	NUM
ajfa-3333	288	2	a.	a.	NOUN
ajfa-3333	288	3	predictors	predictor	NOUN
ajfa-3333	288	4	:	:	PUNCT
ajfa-3333	288	5	(	(	PUNCT
ajfa-3333	288	6	constant	constant	ADJ
ajfa-3333	288	7	)	)	PUNCT
ajfa-3333	288	8	,	,	PUNCT
ajfa-3333	288	9	deltae	deltae	PROPN
ajfa-3333	288	10	b.	b.	PROPN
ajfa-3333	288	11	dependent	dependent	ADJ
ajfa-3333	288	12	variable	variable	NOUN
ajfa-3333	288	13	:	:	PUNCT
ajfa-3333	288	14	ln	ln	ADJ
ajfa-3333	288	15	(	(	PUNCT
ajfa-3333	288	16	deltap	deltap	NOUN
ajfa-3333	288	17	)	)	PUNCT
ajfa-3333	288	18	table	table	NOUN
ajfa-3333	288	19	7	7	NUM
ajfa-3333	288	20	.	.	X
ajfa-3333	288	21	estimation	estimation	NOUN
ajfa-3333	288	22	and	and	CCONJ
ajfa-3333	288	23	test	test	NOUN
ajfa-3333	288	24	of	of	ADP
ajfa-3333	288	25	the	the	DET
ajfa-3333	288	26	parameters	parameter	NOUN
ajfa-3333	288	27	of	of	ADP
ajfa-3333	288	28	the	the	DET
ajfa-3333	288	29	model	model	NOUN
ajfa-3333	288	30	(	(	PUNCT
ajfa-3333	288	31	intercept	intercept	NOUN
ajfa-3333	288	32	elevation	elevation	NOUN
ajfa-3333	288	33	and	and	CCONJ
ajfa-3333	288	34	gradient	gradient	NOUN
ajfa-3333	288	35	of	of	ADP
ajfa-3333	288	36	independent	independent	ADJ
ajfa-3333	288	37	variables	variable	NOUN
ajfa-3333	288	38	)	)	PUNCT
ajfa-3333	288	39	sig	sig	NOUN
ajfa-3333	288	40	.	.	PUNCT
ajfa-3333	289	1	t	t	PROPN
ajfa-3333	289	2	standardized	standardize	VERB
ajfa-3333	289	3	coefficients	coefficient	NOUN
ajfa-3333	289	4	un	un	PROPN
ajfa-3333	289	5	standardized	standardized	ADJ
ajfa-3333	289	6	coefficients	coefficient	NOUN
ajfa-3333	289	7	model	model	NOUN
ajfa-3333	289	8	1	1	NUM
ajfa-3333	289	9	beta	beta	ADJ
ajfa-3333	289	10	std	std	NOUN
ajfa-3333	289	11	.	.	PUNCT
ajfa-3333	290	1	error	error	NOUN
ajfa-3333	290	2	b	b	NOUN
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ajfa-3333	290	4	-3.923	-3.923	NUM
ajfa-3333	290	5	.027	.027	NUM
ajfa-3333	290	6	-.106	-.106	NOUN
ajfa-3333	290	7	(	(	PUNCT
ajfa-3333	290	8	constant	constant	ADJ
ajfa-3333	290	9	)	)	PUNCT
ajfa-3333	290	10	.980	.980	PUNCT
ajfa-3333	291	1	-.025	-.025	PROPN
ajfa-3333	291	2	-.001	-.001	PROPN
ajfa-3333	291	3	.047	.047	NUM
ajfa-3333	291	4	-.001	-.001	PROPN
ajfa-3333	291	5	deltae	deltae	PROPN
ajfa-3333	291	6	a.	a.	NOUN
ajfa-3333	291	7	dependent	dependent	ADJ
ajfa-3333	291	8	variable	variable	NOUN
ajfa-3333	291	9	:	:	PUNCT
ajfa-3333	291	10	ln	ln	ADJ
ajfa-3333	291	11	(	(	PUNCT
ajfa-3333	291	12	deltap	deltap	NOUN
ajfa-3333	291	13	)	)	PUNCT
ajfa-3333	291	14	table	table	NOUN
ajfa-3333	291	15	8	8	NUM
ajfa-3333	291	16	.	.	PUNCT
ajfa-3333	292	1	analysis	analysis	NOUN
ajfa-3333	292	2	of	of	ADP
ajfa-3333	292	3	variance	variance	NOUN
ajfa-3333	292	4	(	(	PUNCT
ajfa-3333	292	5	anova	anova	PROPN
ajfa-3333	292	6	)	)	PUNCT
ajfa-3333	292	7	test	test	NOUN
ajfa-3333	292	8	for	for	ADP
ajfa-3333	292	9	simple	simple	ADJ
ajfa-3333	292	10	linear	linear	ADJ
ajfa-3333	292	11	regression	regression	NOUN
ajfa-3333	292	12	model	model	NOUN
ajfa-3333	292	13	sum	sum	NOUN
ajfa-3333	292	14	of	of	ADP
ajfa-3333	292	15	squares	square	NOUN
ajfa-3333	292	16	df	df	PROPN
ajfa-3333	292	17	mean	mean	PROPN
ajfa-3333	292	18	square	square	PROPN
ajfa-3333	292	19	f	f	PROPN
ajfa-3333	292	20	sig	sig	PROPN
ajfa-3333	292	21	.	.	PROPN
ajfa-3333	292	22	1	1	NUM
ajfa-3333	292	23	regression	regression	NOUN
ajfa-3333	292	24	1363.756	1363.756	NUM
ajfa-3333	292	25	1	1	NUM
ajfa-3333	292	26	1363.756	1363.756	NUM
ajfa-3333	292	27	85.471	85.471	NUM
ajfa-3333	292	28	.000(a	.000(a	NOUN
ajfa-3333	292	29	)	)	PUNCT
ajfa-3333	293	1	residual	residual	ADJ
ajfa-3333	293	2	68322.328	68322.328	NUM
ajfa-3333	293	3	4282	4282	NUM
ajfa-3333	293	4	15.956	15.956	NUM
ajfa-3333	293	5	total	total	NOUN
ajfa-3333	293	6	69686.084	69686.084	NUM
ajfa-3333	293	7	4283	4283	NUM
ajfa-3333	293	8	a.	a.	NOUN
ajfa-3333	293	9	predictors	predictor	NOUN
ajfa-3333	293	10	:	:	PUNCT
ajfa-3333	293	11	(	(	PUNCT
ajfa-3333	293	12	constant	constant	ADJ
ajfa-3333	293	13	)	)	PUNCT
ajfa-3333	293	14	,	,	PUNCT
ajfa-3333	293	15	deltap	deltap	PROPN
ajfa-3333	293	16	b.	b.	PROPN
ajfa-3333	293	17	dependent	dependent	ADJ
ajfa-3333	293	18	variable	variable	NOUN
ajfa-3333	293	19	:	:	PUNCT
ajfa-3333	293	20	ln(deltaiv	ln(deltaiv	ADJ
ajfa-3333	293	21	)	)	PUNCT
ajfa-3333	293	22	asian	asian	ADJ
ajfa-3333	293	23	journal	journal	NOUN
ajfa-3333	293	24	of	of	ADP
ajfa-3333	293	25	finance	finance	PROPN
ajfa-3333	293	26	&	&	CCONJ
ajfa-3333	293	27	accounting	accounting	PROPN
ajfa-3333	293	28	issn	issn	PROPN
ajfa-3333	293	29	1946	1946	NUM
ajfa-3333	293	30	-	-	PUNCT
ajfa-3333	293	31	052x	052x	NOUN
ajfa-3333	293	32	2013	2013	NUM
ajfa-3333	293	33	,	,	PUNCT
ajfa-3333	293	34	vol	vol	NOUN
ajfa-3333	293	35	.	.	PROPN
ajfa-3333	294	1	5	5	NUM
ajfa-3333	294	2	,	,	PUNCT
ajfa-3333	294	3	no	no	INTJ
ajfa-3333	294	4	.	.	NOUN
ajfa-3333	294	5	1	1	NUM
ajfa-3333	294	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3333	294	7	288	288	NUM
ajfa-3333	294	8	table	table	NOUN
ajfa-3333	294	9	9	9	NUM
ajfa-3333	294	10	.	.	PUNCT
ajfa-3333	294	11	multiple	multiple	ADJ
ajfa-3333	294	12	correlation	correlation	NOUN
ajfa-3333	294	13	coefficient	coefficient	NOUN
ajfa-3333	294	14	,	,	PUNCT
ajfa-3333	294	15	determination	determination	NOUN
ajfa-3333	294	16	coefficient	coefficient	NOUN
ajfa-3333	294	17	adjusted	adjust	VERB
ajfa-3333	294	18	determination	determination	NOUN
ajfa-3333	294	19	coefficient	coefficient	NOUN
ajfa-3333	294	20	,	,	PUNCT
ajfa-3333	294	21	and	and	CCONJ
ajfa-3333	294	22	durbin	durbin	ADJ
ajfa-3333	294	23	–	–	PUNCT
ajfa-3333	295	1	watson	watson	PROPN
ajfa-3333	295	2	statistic	statistic	NOUN
ajfa-3333	295	3	model	model	NOUN
ajfa-3333	295	4	r	r	NOUN
ajfa-3333	295	5	r	r	NOUN
ajfa-3333	295	6	square	square	ADJ
ajfa-3333	295	7	adjusted	adjust	VERB
ajfa-3333	295	8	r	r	NOUN
ajfa-3333	295	9	square	square	ADJ
ajfa-3333	295	10	std	std	NOUN
ajfa-3333	295	11	.	.	PUNCT
ajfa-3333	296	1	error	error	NOUN
ajfa-3333	296	2	of	of	ADP
ajfa-3333	296	3	the	the	DET
ajfa-3333	296	4	estimate	estimate	NOUN
ajfa-3333	296	5	durbin	durbin	NOUN
ajfa-3333	296	6	-	-	PUNCT
ajfa-3333	296	7	watson	watson	PROPN
ajfa-3333	296	8	1	1	NUM
ajfa-3333	296	9	.140(a	.140(a	NUM
ajfa-3333	296	10	)	)	PUNCT
ajfa-3333	297	1	.020	.020	NUM
ajfa-3333	297	2	.019	.019	NUM
ajfa-3333	297	3	3.994459	3.994459	NUM
ajfa-3333	297	4	2.021	2.021	NUM
ajfa-3333	297	5	a.	a.	NOUN
ajfa-3333	297	6	predictors	predictor	NOUN
ajfa-3333	297	7	:	:	PUNCT
ajfa-3333	297	8	(	(	PUNCT
ajfa-3333	297	9	constant	constant	ADJ
ajfa-3333	297	10	)	)	PUNCT
ajfa-3333	297	11	,	,	PUNCT
ajfa-3333	297	12	deltap	deltap	PROPN
ajfa-3333	297	13	b.	b.	PROPN
ajfa-3333	298	1	dependent	dependent	ADJ
ajfa-3333	298	2	variable	variable	NOUN
ajfa-3333	298	3	:	:	PUNCT
ajfa-3333	298	4	ln	ln	ADJ
ajfa-3333	298	5	(	(	PUNCT
ajfa-3333	298	6	deltaiv	deltaiv	NOUN
ajfa-3333	298	7	)	)	PUNCT