id	sid	tid	token	lemma	pos
ajfa-3411	1	1	microsoft	microsoft	PROPN
ajfa-3411	1	2	word	word	NOUN
ajfa-3411	1	3	3411-12799-1-rv-writer2-new.doc	3411-12799-1-rv-writer2-new.doc	NUM
ajfa-3411	1	4	asian	asian	ADJ
ajfa-3411	1	5	journal	journal	NOUN
ajfa-3411	1	6	of	of	ADP
ajfa-3411	1	7	finance	finance	PROPN
ajfa-3411	1	8	&	&	CCONJ
ajfa-3411	1	9	accounting	accounting	PROPN
ajfa-3411	1	10	issn	issn	PROPN
ajfa-3411	1	11	1946	1946	NUM
ajfa-3411	1	12	-	-	PUNCT
ajfa-3411	1	13	052x	052x	NOUN
ajfa-3411	1	14	2013	2013	NUM
ajfa-3411	1	15	,	,	PUNCT
ajfa-3411	1	16	vol	vol	NOUN
ajfa-3411	1	17	.	.	PROPN
ajfa-3411	1	18	5	5	NUM
ajfa-3411	1	19	,	,	PUNCT
ajfa-3411	1	20	no	no	INTJ
ajfa-3411	1	21	.	.	NOUN
ajfa-3411	1	22	1	1	NUM
ajfa-3411	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	1	24	127	127	NUM
ajfa-3411	1	25	beta	beta	NOUN
ajfa-3411	1	26	of	of	ADP
ajfa-3411	1	27	viet	viet	PROPN
ajfa-3411	1	28	nam	nam	PROPN
ajfa-3411	1	29	listed	list	VERB
ajfa-3411	1	30	computer	computer	NOUN
ajfa-3411	1	31	and	and	CCONJ
ajfa-3411	1	32	electrical	electrical	ADJ
ajfa-3411	1	33	company	company	NOUN
ajfa-3411	1	34	groups	group	NOUN
ajfa-3411	1	35	during	during	ADP
ajfa-3411	1	36	and	and	CCONJ
ajfa-3411	1	37	after	after	ADP
ajfa-3411	1	38	the	the	DET
ajfa-3411	1	39	financial	financial	ADJ
ajfa-3411	1	40	crisis	crisis	NOUN
ajfa-3411	1	41	2007	2007	NUM
ajfa-3411	1	42	-	-	SYM
ajfa-3411	1	43	2011	2011	NUM
ajfa-3411	1	44	dinh	dinh	NOUN
ajfa-3411	1	45	tran	tran	PROPN
ajfa-3411	1	46	ngoc	ngoc	PROPN
ajfa-3411	1	47	huy	huy	PROPN
ajfa-3411	1	48	banking	banking	PROPN
ajfa-3411	1	49	university	university	PROPN
ajfa-3411	1	50	,	,	PUNCT
ajfa-3411	1	51	hcmc	hcmc	PROPN
ajfa-3411	1	52	–	–	PUNCT
ajfa-3411	1	53	gsim	gsim	PROPN
ajfa-3411	1	54	,	,	PUNCT
ajfa-3411	1	55	intl	intl	PROPN
ajfa-3411	1	56	.	.	PUNCT
ajfa-3411	2	1	university	university	PROPN
ajfa-3411	2	2	of	of	ADP
ajfa-3411	2	3	japan	japan	PROPN
ajfa-3411	2	4	,	,	PUNCT
ajfa-3411	2	5	japan	japan	PROPN
ajfa-3411	2	6	e	e	PROPN
ajfa-3411	2	7	-	-	NOUN
ajfa-3411	2	8	mail	mail	NOUN
ajfa-3411	2	9	:	:	PUNCT
ajfa-3411	2	10	dtnhuy2010@gmail.com	dtnhuy2010@gmail.com	PROPN
ajfa-3411	2	11	received	receive	VERB
ajfa-3411	2	12	:	:	PUNCT
ajfa-3411	2	13	march	march	PROPN
ajfa-3411	2	14	19	19	NUM
ajfa-3411	2	15	,	,	PUNCT
ajfa-3411	2	16	2013	2013	NUM
ajfa-3411	2	17	accepted	accept	VERB
ajfa-3411	2	18	:	:	PUNCT
ajfa-3411	2	19	april	april	PROPN
ajfa-3411	2	20	4	4	NUM
ajfa-3411	2	21	,	,	PUNCT
ajfa-3411	2	22	2013	2013	NUM
ajfa-3411	2	23	published	publish	VERB
ajfa-3411	2	24	:	:	PUNCT
ajfa-3411	2	25	june	june	PROPN
ajfa-3411	2	26	1	1	NUM
ajfa-3411	2	27	,	,	PUNCT
ajfa-3411	2	28	2013	2013	NUM
ajfa-3411	2	29	doi:10.5296	doi:10.5296	NOUN
ajfa-3411	2	30	/	/	SYM
ajfa-3411	2	31	ajfa.v5i1.3411	ajfa.v5i1.3411	NUM
ajfa-3411	2	32	url	url	NOUN
ajfa-3411	2	33	:	:	PUNCT
ajfa-3411	2	34	http://dx.doi.org/10.5296/ajfa.v5i1.3411	http://dx.doi.org/10.5296/ajfa.v5i1.3411	VERB
ajfa-3411	2	35	abstract	abstract	NOUN
ajfa-3411	2	36	during	during	ADP
ajfa-3411	2	37	and	and	CCONJ
ajfa-3411	2	38	after	after	ADP
ajfa-3411	2	39	the	the	DET
ajfa-3411	2	40	financial	financial	ADJ
ajfa-3411	2	41	crisis	crisis	NOUN
ajfa-3411	2	42	2007	2007	NUM
ajfa-3411	2	43	-	-	SYM
ajfa-3411	2	44	2011	2011	NUM
ajfa-3411	2	45	,	,	PUNCT
ajfa-3411	2	46	the	the	DET
ajfa-3411	2	47	viet	viet	PROPN
ajfa-3411	2	48	nam	nam	NOUN
ajfa-3411	2	49	stock	stock	NOUN
ajfa-3411	2	50	market	market	NOUN
ajfa-3411	2	51	,	,	PUNCT
ajfa-3411	2	52	generally	generally	ADV
ajfa-3411	2	53	,	,	PUNCT
ajfa-3411	2	54	has	have	VERB
ajfa-3411	2	55	unexpected	unexpected	ADJ
ajfa-3411	2	56	fluctuations	fluctuation	NOUN
ajfa-3411	2	57	and	and	CCONJ
ajfa-3411	2	58	vni	vni	NOUN
ajfa-3411	2	59	-	-	PUNCT
ajfa-3411	2	60	index	index	NOUN
ajfa-3411	2	61	has	have	AUX
ajfa-3411	2	62	decreased	decrease	VERB
ajfa-3411	2	63	.	.	PUNCT
ajfa-3411	3	1	besides	besides	SCONJ
ajfa-3411	3	2	,	,	PUNCT
ajfa-3411	3	3	the	the	DET
ajfa-3411	3	4	viet	viet	PROPN
ajfa-3411	3	5	nam	nam	NOUN
ajfa-3411	3	6	computer	computer	NOUN
ajfa-3411	3	7	and	and	CCONJ
ajfa-3411	3	8	electrical	electrical	ADJ
ajfa-3411	3	9	industry	industry	NOUN
ajfa-3411	3	10	,	,	PUNCT
ajfa-3411	3	11	specifically	specifically	ADV
ajfa-3411	3	12	,	,	PUNCT
ajfa-3411	3	13	has	have	VERB
ajfa-3411	3	14	to	to	PART
ajfa-3411	3	15	re	re	VERB
ajfa-3411	3	16	-	-	VERB
ajfa-3411	3	17	evaluate	evaluate	VERB
ajfa-3411	3	18	the	the	DET
ajfa-3411	3	19	risk	risk	NOUN
ajfa-3411	3	20	level	level	NOUN
ajfa-3411	3	21	.	.	PUNCT
ajfa-3411	4	1	first	first	ADV
ajfa-3411	4	2	,	,	PUNCT
ajfa-3411	4	3	we	we	PRON
ajfa-3411	4	4	estimate	estimate	VERB
ajfa-3411	4	5	asset	asset	NOUN
ajfa-3411	4	6	and	and	CCONJ
ajfa-3411	4	7	equity	equity	NOUN
ajfa-3411	4	8	beta	beta	NOUN
ajfa-3411	4	9	of	of	ADP
ajfa-3411	4	10	four	four	NUM
ajfa-3411	4	11	(	(	PUNCT
ajfa-3411	4	12	4	4	NUM
ajfa-3411	4	13	)	)	PUNCT
ajfa-3411	4	14	sub	sub	ADJ
ajfa-3411	4	15	-	-	ADJ
ajfa-3411	4	16	industrial	industrial	ADJ
ajfa-3411	4	17	listed	list	VERB
ajfa-3411	4	18	companies	company	NOUN
ajfa-3411	4	19	in	in	ADP
ajfa-3411	4	20	viet	viet	PROPN
ajfa-3411	4	21	nam	nam	PROPN
ajfa-3411	4	22	computer	computer	NOUN
ajfa-3411	4	23	and	and	CCONJ
ajfa-3411	4	24	electrical	electrical	ADJ
ajfa-3411	4	25	industries	industry	NOUN
ajfa-3411	4	26	by	by	ADP
ajfa-3411	4	27	using	use	VERB
ajfa-3411	4	28	a	a	DET
ajfa-3411	4	29	proper	proper	ADJ
ajfa-3411	4	30	traditional	traditional	ADJ
ajfa-3411	4	31	model	model	NOUN
ajfa-3411	4	32	.	.	PUNCT
ajfa-3411	5	1	we	we	PRON
ajfa-3411	5	2	found	find	VERB
ajfa-3411	5	3	out	out	ADP
ajfa-3411	5	4	that	that	SCONJ
ajfa-3411	5	5	the	the	DET
ajfa-3411	5	6	mean	mean	ADJ
ajfa-3411	5	7	value	value	NOUN
ajfa-3411	5	8	of	of	ADP
ajfa-3411	5	9	beta	beta	NOUN
ajfa-3411	5	10	of	of	ADP
ajfa-3411	5	11	total	total	ADJ
ajfa-3411	5	12	64	64	NUM
ajfa-3411	5	13	firms	firm	NOUN
ajfa-3411	5	14	used	use	VERB
ajfa-3411	5	15	in	in	ADP
ajfa-3411	5	16	this	this	DET
ajfa-3411	5	17	research	research	NOUN
ajfa-3411	5	18	is	be	AUX
ajfa-3411	5	19	around	around	ADP
ajfa-3411	5	20	0,711	0,711	NUM
ajfa-3411	5	21	,	,	PUNCT
ajfa-3411	5	22	which	which	PRON
ajfa-3411	5	23	is	be	AUX
ajfa-3411	5	24	quite	quite	ADV
ajfa-3411	5	25	acceptable	acceptable	ADJ
ajfa-3411	5	26	.	.	PUNCT
ajfa-3411	6	1	second	second	ADJ
ajfa-3411	6	2	,	,	PUNCT
ajfa-3411	6	3	through	through	ADP
ajfa-3411	6	4	comparison	comparison	NOUN
ajfa-3411	6	5	among	among	ADP
ajfa-3411	6	6	four	four	NUM
ajfa-3411	6	7	(	(	PUNCT
ajfa-3411	6	8	4	4	NUM
ajfa-3411	6	9	)	)	PUNCT
ajfa-3411	6	10	different	different	ADJ
ajfa-3411	6	11	groups	group	NOUN
ajfa-3411	6	12	,	,	PUNCT
ajfa-3411	6	13	we	we	PRON
ajfa-3411	6	14	find	find	VERB
ajfa-3411	6	15	out	out	ADP
ajfa-3411	6	16	that	that	SCONJ
ajfa-3411	6	17	the	the	DET
ajfa-3411	6	18	values	value	NOUN
ajfa-3411	6	19	of	of	ADP
ajfa-3411	6	20	beta	beta	NOUN
ajfa-3411	6	21	during	during	ADP
ajfa-3411	6	22	the	the	DET
ajfa-3411	6	23	period	period	NOUN
ajfa-3411	6	24	2007	2007	NUM
ajfa-3411	6	25	-	-	SYM
ajfa-3411	6	26	2011	2011	NUM
ajfa-3411	6	27	of	of	ADP
ajfa-3411	6	28	listed	list	VERB
ajfa-3411	6	29	hardware	hardware	NOUN
ajfa-3411	6	30	companies	company	NOUN
ajfa-3411	6	31	vary	vary	VERB
ajfa-3411	6	32	less	less	ADJ
ajfa-3411	6	33	than	than	ADP
ajfa-3411	6	34	those	those	PRON
ajfa-3411	6	35	of	of	ADP
ajfa-3411	6	36	the	the	DET
ajfa-3411	6	37	rest	rest	NOUN
ajfa-3411	6	38	three	three	NUM
ajfa-3411	6	39	(	(	PUNCT
ajfa-3411	6	40	3	3	X
ajfa-3411	6	41	)	)	PUNCT
ajfa-3411	6	42	listed	list	VERB
ajfa-3411	6	43	groups	group	NOUN
ajfa-3411	6	44	:	:	PUNCT
ajfa-3411	6	45	software	software	NOUN
ajfa-3411	6	46	,	,	PUNCT
ajfa-3411	6	47	electrical	electrical	ADJ
ajfa-3411	6	48	and	and	CCONJ
ajfa-3411	6	49	comm./telecommunication	comm./telecommunication	NOUN
ajfa-3411	6	50	firms	firm	NOUN
ajfa-3411	6	51	.	.	PUNCT
ajfa-3411	7	1	finally	finally	ADV
ajfa-3411	7	2	,	,	PUNCT
ajfa-3411	7	3	this	this	DET
ajfa-3411	7	4	paper	paper	NOUN
ajfa-3411	7	5	provides	provide	VERB
ajfa-3411	7	6	both	both	CCONJ
ajfa-3411	7	7	internal	internal	ADJ
ajfa-3411	7	8	and	and	CCONJ
ajfa-3411	7	9	external	external	ADJ
ajfa-3411	7	10	investors	investor	NOUN
ajfa-3411	7	11	,	,	PUNCT
ajfa-3411	7	12	financial	financial	ADJ
ajfa-3411	7	13	institutions	institution	NOUN
ajfa-3411	7	14	,	,	PUNCT
ajfa-3411	7	15	companies	company	NOUN
ajfa-3411	7	16	and	and	CCONJ
ajfa-3411	7	17	government	government	NOUN
ajfa-3411	7	18	more	more	ADJ
ajfa-3411	7	19	evidence	evidence	NOUN
ajfa-3411	7	20	in	in	ADP
ajfa-3411	7	21	establishing	establish	VERB
ajfa-3411	7	22	their	their	PRON
ajfa-3411	7	23	policies	policy	NOUN
ajfa-3411	7	24	in	in	ADP
ajfa-3411	7	25	investments	investment	NOUN
ajfa-3411	7	26	and	and	CCONJ
ajfa-3411	7	27	in	in	ADP
ajfa-3411	7	28	governance	governance	NOUN
ajfa-3411	7	29	.	.	PUNCT
ajfa-3411	8	1	keywords	keyword	NOUN
ajfa-3411	8	2	:	:	PUNCT
ajfa-3411	8	3	equity	equity	NOUN
ajfa-3411	8	4	beta	beta	NOUN
ajfa-3411	8	5	,	,	PUNCT
ajfa-3411	8	6	financial	financial	ADJ
ajfa-3411	8	7	structure	structure	NOUN
ajfa-3411	8	8	,	,	PUNCT
ajfa-3411	8	9	financial	financial	ADJ
ajfa-3411	8	10	crisis	crisis	NOUN
ajfa-3411	8	11	,	,	PUNCT
ajfa-3411	8	12	risk	risk	NOUN
ajfa-3411	8	13	,	,	PUNCT
ajfa-3411	8	14	asset	asset	NOUN
ajfa-3411	8	15	beta	beta	NOUN
ajfa-3411	8	16	,	,	PUNCT
ajfa-3411	8	17	computer	computer	NOUN
ajfa-3411	8	18	and	and	CCONJ
ajfa-3411	8	19	electrical	electrical	ADJ
ajfa-3411	8	20	industry	industry	NOUN
ajfa-3411	8	21	jel	jel	PROPN
ajfa-3411	8	22	classification	classification	NOUN
ajfa-3411	8	23	:	:	PUNCT
ajfa-3411	8	24	g010	g010	PROPN
ajfa-3411	8	25	,	,	PUNCT
ajfa-3411	8	26	g100	g100	PROPN
ajfa-3411	8	27	,	,	PUNCT
ajfa-3411	8	28	g390	g390	PROPN
ajfa-3411	8	29	asian	asian	ADJ
ajfa-3411	8	30	journal	journal	NOUN
ajfa-3411	8	31	of	of	ADP
ajfa-3411	8	32	finance	finance	PROPN
ajfa-3411	8	33	&	&	CCONJ
ajfa-3411	8	34	accounting	accounting	PROPN
ajfa-3411	8	35	issn	issn	PROPN
ajfa-3411	8	36	1946	1946	NUM
ajfa-3411	8	37	-	-	PUNCT
ajfa-3411	8	38	052x	052x	NOUN
ajfa-3411	8	39	2013	2013	NUM
ajfa-3411	8	40	,	,	PUNCT
ajfa-3411	8	41	vol	vol	NOUN
ajfa-3411	8	42	.	.	PROPN
ajfa-3411	8	43	5	5	NUM
ajfa-3411	8	44	,	,	PUNCT
ajfa-3411	8	45	no	no	INTJ
ajfa-3411	8	46	.	.	NOUN
ajfa-3411	8	47	1	1	NUM
ajfa-3411	8	48	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	8	49	128	128	NUM
ajfa-3411	8	50	1	1	NUM
ajfa-3411	8	51	.	.	PUNCT
ajfa-3411	8	52	introduction	introduction	NOUN
ajfa-3411	8	53	although	although	SCONJ
ajfa-3411	8	54	measuring	measure	VERB
ajfa-3411	8	55	beta	beta	NOUN
ajfa-3411	8	56	is	be	AUX
ajfa-3411	8	57	a	a	DET
ajfa-3411	8	58	traditional	traditional	ADJ
ajfa-3411	8	59	method	method	NOUN
ajfa-3411	8	60	used	use	VERB
ajfa-3411	8	61	in	in	ADP
ajfa-3411	8	62	lots	lot	NOUN
ajfa-3411	8	63	of	of	ADP
ajfa-3411	8	64	studies	study	NOUN
ajfa-3411	8	65	by	by	ADP
ajfa-3411	8	66	researchers	researcher	NOUN
ajfa-3411	8	67	,	,	PUNCT
ajfa-3411	8	68	this	this	DET
ajfa-3411	8	69	paper	paper	NOUN
ajfa-3411	8	70	emphasizes	emphasize	VERB
ajfa-3411	8	71	on	on	ADP
ajfa-3411	8	72	analyzing	analyze	VERB
ajfa-3411	8	73	it	it	PRON
ajfa-3411	8	74	in	in	ADP
ajfa-3411	8	75	computer	computer	NOUN
ajfa-3411	8	76	and	and	CCONJ
ajfa-3411	8	77	electrical	electrical	ADJ
ajfa-3411	8	78	industry	industry	NOUN
ajfa-3411	8	79	in	in	ADP
ajfa-3411	8	80	one	one	NUM
ajfa-3411	8	81	of	of	ADP
ajfa-3411	8	82	emerging	emerge	VERB
ajfa-3411	8	83	markets	market	NOUN
ajfa-3411	8	84	:	:	PUNCT
ajfa-3411	8	85	vietnam	vietnam	PROPN
ajfa-3411	8	86	stock	stock	NOUN
ajfa-3411	8	87	market	market	NOUN
ajfa-3411	8	88	during	during	ADP
ajfa-3411	8	89	the	the	DET
ajfa-3411	8	90	financial	financial	ADJ
ajfa-3411	8	91	crisis	crisis	NOUN
ajfa-3411	8	92	2007	2007	NUM
ajfa-3411	8	93	-	-	SYM
ajfa-3411	8	94	2011	2011	NUM
ajfa-3411	8	95	.	.	PUNCT
ajfa-3411	9	1	after	after	ADP
ajfa-3411	9	2	the	the	DET
ajfa-3411	9	3	previous	previous	ADJ
ajfa-3411	9	4	published	publish	VERB
ajfa-3411	9	5	article	article	NOUN
ajfa-3411	9	6	on	on	ADP
ajfa-3411	9	7	estimated	estimate	VERB
ajfa-3411	9	8	beta	beta	NOUN
ajfa-3411	9	9	for	for	ADP
ajfa-3411	9	10	listed	list	VERB
ajfa-3411	9	11	construction	construction	NOUN
ajfa-3411	9	12	company	company	NOUN
ajfa-3411	9	13	groups	group	NOUN
ajfa-3411	9	14	,	,	PUNCT
ajfa-3411	9	15	here	here	ADV
ajfa-3411	9	16	,	,	PUNCT
ajfa-3411	9	17	we	we	PRON
ajfa-3411	9	18	will	will	AUX
ajfa-3411	9	19	compare	compare	VERB
ajfa-3411	9	20	the	the	DET
ajfa-3411	9	21	estimated	estimate	VERB
ajfa-3411	9	22	results	result	NOUN
ajfa-3411	9	23	of	of	ADP
ajfa-3411	9	24	listed	list	VERB
ajfa-3411	9	25	viet	viet	PROPN
ajfa-3411	9	26	nam	nam	PROPN
ajfa-3411	9	27	electrical	electrical	ADJ
ajfa-3411	9	28	and	and	CCONJ
ajfa-3411	9	29	electronic	electronic	ADJ
ajfa-3411	9	30	companies	company	NOUN
ajfa-3411	9	31	to	to	ADP
ajfa-3411	9	32	those	those	PRON
ajfa-3411	9	33	in	in	ADP
ajfa-3411	9	34	its	its	PRON
ajfa-3411	9	35	supply	supply	NOUN
ajfa-3411	9	36	chain	chain	NOUN
ajfa-3411	9	37	activities	activity	NOUN
ajfa-3411	9	38	such	such	ADJ
ajfa-3411	9	39	as	as	ADP
ajfa-3411	9	40	software	software	NOUN
ajfa-3411	9	41	,	,	PUNCT
ajfa-3411	9	42	hardware	hardware	NOUN
ajfa-3411	9	43	and	and	CCONJ
ajfa-3411	9	44	comm	comm	NOUN
ajfa-3411	9	45	..	..	PUNCT
ajfa-3411	9	46	/telecommunication	/telecommunication	ADP
ajfa-3411	9	47	companies	company	NOUN
ajfa-3411	9	48	to	to	PART
ajfa-3411	9	49	make	make	VERB
ajfa-3411	9	50	a	a	DET
ajfa-3411	9	51	comparative	comparative	ADJ
ajfa-3411	9	52	analysis	analysis	NOUN
ajfa-3411	9	53	and	and	CCONJ
ajfa-3411	9	54	risk	risk	NOUN
ajfa-3411	9	55	evaluation	evaluation	NOUN
ajfa-3411	9	56	after	after	ADP
ajfa-3411	9	57	financial	financial	ADJ
ajfa-3411	9	58	crisis	crisis	NOUN
ajfa-3411	9	59	impacts	impact	NOUN
ajfa-3411	9	60	.	.	PUNCT
ajfa-3411	10	1	no	no	DET
ajfa-3411	10	2	research	research	NOUN
ajfa-3411	10	3	,	,	PUNCT
ajfa-3411	10	4	so	so	ADV
ajfa-3411	10	5	far	far	ADV
ajfa-3411	10	6	,	,	PUNCT
ajfa-3411	10	7	has	have	AUX
ajfa-3411	10	8	been	be	AUX
ajfa-3411	10	9	done	do	VERB
ajfa-3411	10	10	on	on	ADP
ajfa-3411	10	11	the	the	DET
ajfa-3411	10	12	same	same	ADJ
ajfa-3411	10	13	topic	topic	NOUN
ajfa-3411	10	14	.	.	PUNCT
ajfa-3411	11	1	this	this	DET
ajfa-3411	11	2	paper	paper	NOUN
ajfa-3411	11	3	is	be	AUX
ajfa-3411	11	4	organized	organize	VERB
ajfa-3411	11	5	as	as	ADP
ajfa-3411	11	6	follow	follow	NOUN
ajfa-3411	11	7	.	.	PUNCT
ajfa-3411	12	1	the	the	DET
ajfa-3411	12	2	research	research	NOUN
ajfa-3411	12	3	issues	issue	NOUN
ajfa-3411	12	4	and	and	CCONJ
ajfa-3411	12	5	literature	literature	NOUN
ajfa-3411	12	6	review	review	NOUN
ajfa-3411	12	7	will	will	AUX
ajfa-3411	12	8	be	be	AUX
ajfa-3411	12	9	covered	cover	VERB
ajfa-3411	12	10	in	in	ADP
ajfa-3411	12	11	next	next	ADJ
ajfa-3411	12	12	sessions	session	NOUN
ajfa-3411	12	13	2	2	NUM
ajfa-3411	12	14	and	and	CCONJ
ajfa-3411	12	15	3	3	NUM
ajfa-3411	12	16	,	,	PUNCT
ajfa-3411	12	17	for	for	ADP
ajfa-3411	12	18	a	a	DET
ajfa-3411	12	19	short	short	ADJ
ajfa-3411	12	20	summary	summary	NOUN
ajfa-3411	12	21	.	.	PUNCT
ajfa-3411	13	1	then	then	ADV
ajfa-3411	13	2	,	,	PUNCT
ajfa-3411	13	3	methodology	methodology	NOUN
ajfa-3411	13	4	and	and	CCONJ
ajfa-3411	13	5	conceptual	conceptual	ADJ
ajfa-3411	13	6	theories	theory	NOUN
ajfa-3411	13	7	are	be	AUX
ajfa-3411	13	8	introduced	introduce	VERB
ajfa-3411	13	9	in	in	ADP
ajfa-3411	13	10	session	session	NOUN
ajfa-3411	13	11	4	4	NUM
ajfa-3411	13	12	and	and	CCONJ
ajfa-3411	13	13	5	5	NUM
ajfa-3411	13	14	.	.	X
ajfa-3411	13	15	session	session	NOUN
ajfa-3411	13	16	6	6	NUM
ajfa-3411	13	17	describes	describe	VERB
ajfa-3411	13	18	the	the	DET
ajfa-3411	13	19	data	datum	NOUN
ajfa-3411	13	20	in	in	ADP
ajfa-3411	13	21	empirical	empirical	ADJ
ajfa-3411	13	22	analysis	analysis	NOUN
ajfa-3411	13	23	.	.	PUNCT
ajfa-3411	14	1	session	session	NOUN
ajfa-3411	14	2	7	7	NUM
ajfa-3411	14	3	presents	present	VERB
ajfa-3411	14	4	empirical	empirical	ADJ
ajfa-3411	14	5	results	result	NOUN
ajfa-3411	14	6	and	and	CCONJ
ajfa-3411	14	7	findings	finding	NOUN
ajfa-3411	14	8	.	.	PUNCT
ajfa-3411	15	1	then	then	ADV
ajfa-3411	15	2	,	,	PUNCT
ajfa-3411	15	3	session	session	NOUN
ajfa-3411	15	4	8	8	NUM
ajfa-3411	15	5	gives	give	VERB
ajfa-3411	15	6	analysis	analysis	NOUN
ajfa-3411	15	7	of	of	ADP
ajfa-3411	15	8	risk	risk	NOUN
ajfa-3411	15	9	.	.	PUNCT
ajfa-3411	16	1	lastly	lastly	ADV
ajfa-3411	16	2	,	,	PUNCT
ajfa-3411	16	3	session	session	NOUN
ajfa-3411	16	4	9	9	NUM
ajfa-3411	16	5	will	will	AUX
ajfa-3411	16	6	conclude	conclude	VERB
ajfa-3411	16	7	with	with	ADP
ajfa-3411	16	8	some	some	DET
ajfa-3411	16	9	policy	policy	NOUN
ajfa-3411	16	10	suggestions	suggestion	NOUN
ajfa-3411	16	11	.	.	PUNCT
ajfa-3411	17	1	this	this	DET
ajfa-3411	17	2	paper	paper	NOUN
ajfa-3411	17	3	also	also	ADV
ajfa-3411	17	4	provides	provide	VERB
ajfa-3411	17	5	readers	reader	NOUN
ajfa-3411	17	6	with	with	ADP
ajfa-3411	17	7	references	reference	NOUN
ajfa-3411	17	8	,	,	PUNCT
ajfa-3411	17	9	exhibits	exhibit	NOUN
ajfa-3411	17	10	and	and	CCONJ
ajfa-3411	17	11	relevant	relevant	ADJ
ajfa-3411	17	12	web	web	NOUN
ajfa-3411	17	13	sources	source	NOUN
ajfa-3411	17	14	.	.	PUNCT
ajfa-3411	18	1	2	2	X
ajfa-3411	18	2	.	.	X
ajfa-3411	18	3	research	research	NOUN
ajfa-3411	18	4	issues	issue	NOUN
ajfa-3411	18	5	we	we	PRON
ajfa-3411	18	6	mention	mention	VERB
ajfa-3411	18	7	a	a	DET
ajfa-3411	18	8	couple	couple	NOUN
ajfa-3411	18	9	of	of	ADP
ajfa-3411	18	10	issues	issue	NOUN
ajfa-3411	18	11	on	on	ADP
ajfa-3411	18	12	the	the	DET
ajfa-3411	18	13	estimating	estimating	NOUN
ajfa-3411	18	14	of	of	ADP
ajfa-3411	18	15	beta	beta	NOUN
ajfa-3411	18	16	for	for	ADP
ajfa-3411	18	17	listed	list	VERB
ajfa-3411	18	18	computer	computer	NOUN
ajfa-3411	18	19	and	and	CCONJ
ajfa-3411	18	20	electrical	electrical	ADJ
ajfa-3411	18	21	companies	company	NOUN
ajfa-3411	18	22	in	in	ADP
ajfa-3411	18	23	viet	viet	PROPN
ajfa-3411	18	24	nam	nam	PROPN
ajfa-3411	18	25	stock	stock	PROPN
ajfa-3411	18	26	exchange	exchange	PROPN
ajfa-3411	18	27	as	as	ADP
ajfa-3411	18	28	following	follow	VERB
ajfa-3411	18	29	:	:	PUNCT
ajfa-3411	18	30	hypothesis	hypothesis	NOUN
ajfa-3411	18	31	/	/	SYM
ajfa-3411	18	32	issue	issue	NOUN
ajfa-3411	18	33	1	1	NUM
ajfa-3411	18	34	:	:	PUNCT
ajfa-3411	18	35	among	among	ADP
ajfa-3411	18	36	the	the	DET
ajfa-3411	18	37	four	four	NUM
ajfa-3411	18	38	(	(	PUNCT
ajfa-3411	18	39	4	4	NUM
ajfa-3411	18	40	)	)	PUNCT
ajfa-3411	18	41	companies	company	NOUN
ajfa-3411	18	42	groups	group	NOUN
ajfa-3411	18	43	,	,	PUNCT
ajfa-3411	18	44	under	under	ADP
ajfa-3411	18	45	the	the	DET
ajfa-3411	18	46	financial	financial	ADJ
ajfa-3411	18	47	crisis	crisis	NOUN
ajfa-3411	18	48	impact	impact	NOUN
ajfa-3411	18	49	and	and	CCONJ
ajfa-3411	18	50	high	high	ADJ
ajfa-3411	18	51	inflation	inflation	NOUN
ajfa-3411	18	52	,	,	PUNCT
ajfa-3411	18	53	the	the	DET
ajfa-3411	18	54	beta	beta	NOUN
ajfa-3411	18	55	or	or	CCONJ
ajfa-3411	18	56	risk	risk	NOUN
ajfa-3411	18	57	level	level	NOUN
ajfa-3411	18	58	of	of	ADP
ajfa-3411	18	59	listed	list	VERB
ajfa-3411	18	60	companies	company	NOUN
ajfa-3411	18	61	in	in	ADP
ajfa-3411	18	62	electrical	electrical	ADJ
ajfa-3411	18	63	and	and	CCONJ
ajfa-3411	18	64	electronic	electronic	ADJ
ajfa-3411	18	65	industries	industry	NOUN
ajfa-3411	18	66	will	will	AUX
ajfa-3411	18	67	relatively	relatively	ADV
ajfa-3411	18	68	higher	high	ADJ
ajfa-3411	18	69	than	than	ADP
ajfa-3411	18	70	those	those	PRON
ajfa-3411	18	71	in	in	ADP
ajfa-3411	18	72	the	the	DET
ajfa-3411	18	73	rest	rest	NOUN
ajfa-3411	18	74	three	three	NUM
ajfa-3411	18	75	(	(	PUNCT
ajfa-3411	18	76	3	3	NUM
ajfa-3411	18	77	)	)	PUNCT
ajfa-3411	18	78	industries	industry	NOUN
ajfa-3411	18	79	.	.	PUNCT
ajfa-3411	19	1	hypothesis	hypothesis	NOUN
ajfa-3411	19	2	/	/	SYM
ajfa-3411	19	3	issue	issue	NOUN
ajfa-3411	19	4	2	2	NUM
ajfa-3411	19	5	:	:	PUNCT
ajfa-3411	19	6	because	because	SCONJ
ajfa-3411	19	7	viet	viet	PROPN
ajfa-3411	19	8	nam	nam	PROPN
ajfa-3411	19	9	is	be	AUX
ajfa-3411	19	10	an	an	DET
ajfa-3411	19	11	emerging	emerge	VERB
ajfa-3411	19	12	and	and	CCONJ
ajfa-3411	19	13	immature	immature	ADJ
ajfa-3411	19	14	financial	financial	ADJ
ajfa-3411	19	15	/	/	SYM
ajfa-3411	19	16	technological	technological	ADJ
ajfa-3411	19	17	market	market	NOUN
ajfa-3411	19	18	and	and	CCONJ
ajfa-3411	19	19	the	the	DET
ajfa-3411	19	20	stock	stock	NOUN
ajfa-3411	19	21	market	market	NOUN
ajfa-3411	19	22	still	still	ADV
ajfa-3411	19	23	in	in	ADP
ajfa-3411	19	24	the	the	DET
ajfa-3411	19	25	recovering	recover	VERB
ajfa-3411	19	26	stage	stage	NOUN
ajfa-3411	19	27	,	,	PUNCT
ajfa-3411	19	28	there	there	PRON
ajfa-3411	19	29	will	will	AUX
ajfa-3411	19	30	be	be	AUX
ajfa-3411	19	31	a	a	DET
ajfa-3411	19	32	large	large	ADJ
ajfa-3411	19	33	disperse	disperse	NOUN
ajfa-3411	19	34	distribution	distribution	NOUN
ajfa-3411	19	35	in	in	ADP
ajfa-3411	19	36	beta	beta	ADJ
ajfa-3411	19	37	values	value	NOUN
ajfa-3411	19	38	estimated	estimate	VERB
ajfa-3411	19	39	in	in	ADP
ajfa-3411	19	40	the	the	DET
ajfa-3411	19	41	computer	computer	NOUN
ajfa-3411	19	42	and	and	CCONJ
ajfa-3411	19	43	electrical	electrical	ADJ
ajfa-3411	19	44	industries	industry	NOUN
ajfa-3411	19	45	.	.	PUNCT
ajfa-3411	20	1	hypothesis	hypothesis	NOUN
ajfa-3411	20	2	/	/	SYM
ajfa-3411	20	3	issue	issue	NOUN
ajfa-3411	20	4	3	3	NUM
ajfa-3411	20	5	:	:	PUNCT
ajfa-3411	20	6	with	with	ADP
ajfa-3411	20	7	the	the	DET
ajfa-3411	20	8	above	above	ADJ
ajfa-3411	20	9	reasons	reason	NOUN
ajfa-3411	20	10	,	,	PUNCT
ajfa-3411	20	11	the	the	DET
ajfa-3411	20	12	mean	mean	NOUN
ajfa-3411	20	13	of	of	ADP
ajfa-3411	20	14	equity	equity	NOUN
ajfa-3411	20	15	and	and	CCONJ
ajfa-3411	20	16	asset	asset	NOUN
ajfa-3411	20	17	beta	beta	NOUN
ajfa-3411	20	18	values	value	NOUN
ajfa-3411	20	19	of	of	ADP
ajfa-3411	20	20	these	these	DET
ajfa-3411	20	21	listed	list	VERB
ajfa-3411	20	22	computer	computer	NOUN
ajfa-3411	20	23	and	and	CCONJ
ajfa-3411	20	24	electrical	electrical	ADJ
ajfa-3411	20	25	companies	company	NOUN
ajfa-3411	20	26	tend	tend	VERB
ajfa-3411	20	27	to	to	PART
ajfa-3411	20	28	impose	impose	VERB
ajfa-3411	20	29	a	a	DET
ajfa-3411	20	30	high	high	ADJ
ajfa-3411	20	31	risk	risk	NOUN
ajfa-3411	20	32	level	level	NOUN
ajfa-3411	20	33	,	,	PUNCT
ajfa-3411	20	34	i.e.	i.e.	X
ajfa-3411	20	35	,	,	PUNCT
ajfa-3411	20	36	beta	beta	NOUN
ajfa-3411	20	37	should	should	AUX
ajfa-3411	20	38	higher	high	ADJ
ajfa-3411	20	39	than	than	ADP
ajfa-3411	20	40	(	(	PUNCT
ajfa-3411	20	41	>	>	PUNCT
ajfa-3411	20	42	)	)	PUNCT
ajfa-3411	20	43	1	1	NUM
ajfa-3411	20	44	.	.	X
ajfa-3411	20	45	3	3	X
ajfa-3411	20	46	.	.	X
ajfa-3411	20	47	literature	literature	NOUN
ajfa-3411	20	48	review	review	PROPN
ajfa-3411	20	49	certainly	certainly	ADV
ajfa-3411	20	50	,	,	PUNCT
ajfa-3411	20	51	beta	beta	NOUN
ajfa-3411	20	52	,	,	PUNCT
ajfa-3411	20	53	as	as	ADP
ajfa-3411	20	54	a	a	DET
ajfa-3411	20	55	market	market	NOUN
ajfa-3411	20	56	risk	risk	NOUN
ajfa-3411	20	57	measure	measure	NOUN
ajfa-3411	20	58	,	,	PUNCT
ajfa-3411	20	59	has	have	VERB
ajfa-3411	20	60	certain	certain	ADJ
ajfa-3411	20	61	influence	influence	NOUN
ajfa-3411	20	62	on	on	ADP
ajfa-3411	20	63	expected	expect	VERB
ajfa-3411	20	64	stock	stock	NOUN
ajfa-3411	20	65	returns	return	NOUN
ajfa-3411	20	66	.	.	PUNCT
ajfa-3411	21	1	as	as	ADP
ajfa-3411	21	2	sharpe	sharpe	PROPN
ajfa-3411	21	3	,	,	PUNCT
ajfa-3411	21	4	lintner	lintner	NOUN
ajfa-3411	21	5	(	(	PUNCT
ajfa-3411	21	6	1964	1964	NUM
ajfa-3411	21	7	)	)	PUNCT
ajfa-3411	21	8	,	,	PUNCT
ajfa-3411	21	9	and	and	CCONJ
ajfa-3411	21	10	black	black	ADJ
ajfa-3411	21	11	.	.	PUNCT
ajfa-3411	22	1	(	(	PUNCT
ajfa-3411	22	2	1972	1972	NUM
ajfa-3411	22	3	)	)	PUNCT
ajfa-3411	22	4	with	with	ADP
ajfa-3411	22	5	capm	capm	PROPN
ajfa-3411	22	6	model	model	NOUN
ajfa-3411	22	7	identified	identify	VERB
ajfa-3411	22	8	the	the	DET
ajfa-3411	22	9	expected	expect	VERB
ajfa-3411	22	10	stock	stock	NOUN
ajfa-3411	22	11	return	return	NOUN
ajfa-3411	22	12	is	be	AUX
ajfa-3411	22	13	linearly	linearly	ADV
ajfa-3411	22	14	proportional	proportional	ADJ
ajfa-3411	22	15	to	to	ADP
ajfa-3411	22	16	its	its	PRON
ajfa-3411	22	17	market	market	NOUN
ajfa-3411	22	18	beta	beta	NOUN
ajfa-3411	22	19	.	.	PUNCT
ajfa-3411	23	1	fama	fama	PROPN
ajfa-3411	23	2	and	and	CCONJ
ajfa-3411	23	3	french	french	ADJ
ajfa-3411	23	4	(	(	PUNCT
ajfa-3411	23	5	2004	2004	NUM
ajfa-3411	23	6	)	)	PUNCT
ajfa-3411	23	7	also	also	ADV
ajfa-3411	23	8	indicated	indicate	VERB
ajfa-3411	23	9	in	in	ADP
ajfa-3411	23	10	the	the	DET
ajfa-3411	23	11	three	three	NUM
ajfa-3411	23	12	factor	factor	NOUN
ajfa-3411	23	13	model	model	NOUN
ajfa-3411	23	14	that	that	SCONJ
ajfa-3411	23	15	“	"	PUNCT
ajfa-3411	23	16	value	value	NOUN
ajfa-3411	23	17	”	"	PUNCT
ajfa-3411	23	18	and	and	CCONJ
ajfa-3411	23	19	“	"	PUNCT
ajfa-3411	23	20	size	size	NOUN
ajfa-3411	23	21	”	"	PUNCT
ajfa-3411	23	22	are	be	AUX
ajfa-3411	23	23	significant	significant	ADJ
ajfa-3411	23	24	components	component	NOUN
ajfa-3411	23	25	which	which	PRON
ajfa-3411	23	26	can	can	AUX
ajfa-3411	23	27	affect	affect	VERB
ajfa-3411	23	28	stock	stock	NOUN
ajfa-3411	23	29	returns	return	NOUN
ajfa-3411	23	30	.	.	PUNCT
ajfa-3411	24	1	they	they	PRON
ajfa-3411	24	2	also	also	ADV
ajfa-3411	24	3	mentioned	mention	VERB
ajfa-3411	24	4	that	that	SCONJ
ajfa-3411	24	5	a	a	DET
ajfa-3411	24	6	stock	stock	NOUN
ajfa-3411	24	7	’s	’s	PART
ajfa-3411	24	8	return	return	NOUN
ajfa-3411	24	9	not	not	PART
ajfa-3411	24	10	only	only	ADV
ajfa-3411	24	11	depends	depend	VERB
ajfa-3411	24	12	on	on	ADP
ajfa-3411	24	13	a	a	DET
ajfa-3411	24	14	market	market	NOUN
ajfa-3411	24	15	beta	beta	NOUN
ajfa-3411	24	16	,	,	PUNCT
ajfa-3411	24	17	but	but	CCONJ
ajfa-3411	24	18	also	also	ADV
ajfa-3411	24	19	on	on	ADP
ajfa-3411	24	20	market	market	NOUN
ajfa-3411	24	21	capitalization	capitalization	NOUN
ajfa-3411	24	22	beta	beta	NOUN
ajfa-3411	24	23	.	.	PUNCT
ajfa-3411	25	1	the	the	DET
ajfa-3411	25	2	market	market	NOUN
ajfa-3411	25	3	beta	beta	NOUN
ajfa-3411	25	4	is	be	AUX
ajfa-3411	25	5	used	use	VERB
ajfa-3411	25	6	in	in	ADP
ajfa-3411	25	7	the	the	DET
ajfa-3411	25	8	three	three	NUM
ajfa-3411	25	9	factor	factor	NOUN
ajfa-3411	25	10	model	model	NOUN
ajfa-3411	25	11	,	,	PUNCT
ajfa-3411	25	12	developed	develop	VERB
ajfa-3411	25	13	by	by	ADP
ajfa-3411	25	14	fama	fama	NOUN
ajfa-3411	25	15	and	and	CCONJ
ajfa-3411	25	16	french	french	NOUN
ajfa-3411	25	17	,	,	PUNCT
ajfa-3411	25	18	which	which	PRON
ajfa-3411	25	19	is	be	AUX
ajfa-3411	25	20	the	the	DET
ajfa-3411	25	21	successor	successor	NOUN
ajfa-3411	25	22	to	to	ADP
ajfa-3411	25	23	the	the	DET
ajfa-3411	25	24	capm	capm	PROPN
ajfa-3411	25	25	model	model	NOUN
ajfa-3411	25	26	by	by	ADP
ajfa-3411	25	27	sharpe	sharpe	PROPN
ajfa-3411	25	28	,	,	PUNCT
ajfa-3411	25	29	treynor	treynor	NOUN
ajfa-3411	25	30	and	and	CCONJ
ajfa-3411	25	31	lintner	lintner	NOUN
ajfa-3411	25	32	.	.	PUNCT
ajfa-3411	26	1	pereiro	pereiro	PROPN
ajfa-3411	26	2	,	,	PUNCT
ajfa-3411	26	3	luis	luis	PROPN
ajfa-3411	26	4	e	e	PROPN
ajfa-3411	26	5	(	(	PUNCT
ajfa-3411	26	6	2010	2010	NUM
ajfa-3411	26	7	)	)	PUNCT
ajfa-3411	26	8	said	say	VERB
ajfa-3411	26	9	in	in	ADP
ajfa-3411	26	10	merging	merge	VERB
ajfa-3411	26	11	markets	market	NOUN
ajfa-3411	26	12	,	,	PUNCT
ajfa-3411	26	13	measuring	measure	VERB
ajfa-3411	26	14	betas	beta	NOUN
ajfa-3411	26	15	is	be	AUX
ajfa-3411	26	16	more	more	ADV
ajfa-3411	26	17	difficult	difficult	ADJ
ajfa-3411	26	18	and	and	CCONJ
ajfa-3411	26	19	a	a	DET
ajfa-3411	26	20	complicated	complicated	ADJ
ajfa-3411	26	21	job	job	NOUN
ajfa-3411	26	22	because	because	SCONJ
ajfa-3411	26	23	developed	develop	VERB
ajfa-3411	26	24	markets	market	NOUN
ajfa-3411	26	25	have	have	VERB
ajfa-3411	26	26	abundant	abundant	ADJ
ajfa-3411	26	27	historical	historical	ADJ
ajfa-3411	26	28	data	datum	NOUN
ajfa-3411	26	29	.	.	PUNCT
ajfa-3411	27	1	and	and	CCONJ
ajfa-3411	27	2	there	there	PRON
ajfa-3411	27	3	might	might	AUX
ajfa-3411	27	4	be	be	AUX
ajfa-3411	27	5	no	no	DET
ajfa-3411	27	6	comparable	comparable	ADJ
ajfa-3411	27	7	local	local	ADJ
ajfa-3411	27	8	firms	firm	NOUN
ajfa-3411	27	9	and	and	CCONJ
ajfa-3411	27	10	this	this	PRON
ajfa-3411	27	11	may	may	AUX
ajfa-3411	27	12	cause	cause	VERB
ajfa-3411	27	13	unreliable	unreliable	ADJ
ajfa-3411	27	14	capm	capm	NOUN
ajfa-3411	27	15	betas	beta	NOUN
ajfa-3411	27	16	.	.	PUNCT
ajfa-3411	28	1	asian	asian	ADJ
ajfa-3411	28	2	journal	journal	PROPN
ajfa-3411	28	3	of	of	ADP
ajfa-3411	28	4	finance	finance	PROPN
ajfa-3411	28	5	&	&	CCONJ
ajfa-3411	28	6	accounting	accounting	PROPN
ajfa-3411	28	7	issn	issn	PROPN
ajfa-3411	28	8	1946	1946	NUM
ajfa-3411	28	9	-	-	PUNCT
ajfa-3411	28	10	052x	052x	NOUN
ajfa-3411	28	11	2013	2013	NUM
ajfa-3411	28	12	,	,	PUNCT
ajfa-3411	28	13	vol	vol	NOUN
ajfa-3411	28	14	.	.	PROPN
ajfa-3411	28	15	5	5	NUM
ajfa-3411	28	16	,	,	PUNCT
ajfa-3411	28	17	no	no	INTJ
ajfa-3411	28	18	.	.	NOUN
ajfa-3411	28	19	1	1	NUM
ajfa-3411	28	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	28	21	129	129	NUM
ajfa-3411	28	22	and	and	CCONJ
ajfa-3411	28	23	the	the	DET
ajfa-3411	28	24	task	task	NOUN
ajfa-3411	28	25	of	of	ADP
ajfa-3411	28	26	estimating	estimate	VERB
ajfa-3411	28	27	cost	cost	NOUN
ajfa-3411	28	28	of	of	ADP
ajfa-3411	28	29	equity	equity	NOUN
ajfa-3411	28	30	in	in	ADP
ajfa-3411	28	31	emerging	emerge	VERB
ajfa-3411	28	32	markets	market	NOUN
ajfa-3411	28	33	is	be	AUX
ajfa-3411	28	34	more	more	ADV
ajfa-3411	28	35	difficult	difficult	ADJ
ajfa-3411	28	36	because	because	SCONJ
ajfa-3411	28	37	of	of	ADP
ajfa-3411	28	38	problems	problem	NOUN
ajfa-3411	28	39	such	such	ADJ
ajfa-3411	28	40	as	as	ADP
ajfa-3411	28	41	collecting	collect	VERB
ajfa-3411	28	42	data	datum	NOUN
ajfa-3411	28	43	in	in	ADP
ajfa-3411	28	44	short	short	ADJ
ajfa-3411	28	45	periods	period	NOUN
ajfa-3411	28	46	.	.	PUNCT
ajfa-3411	29	1	then	then	ADV
ajfa-3411	29	2	,	,	PUNCT
ajfa-3411	29	3	velez	velez	PROPN
ajfa-3411	29	4	-	-	PUNCT
ajfa-3411	29	5	pareja	pareja	PROPN
ajfa-3411	29	6	(	(	PUNCT
ajfa-3411	29	7	2011	2011	NUM
ajfa-3411	29	8	)	)	PUNCT
ajfa-3411	29	9	referred	refer	VERB
ajfa-3411	29	10	to	to	ADP
ajfa-3411	29	11	the	the	DET
ajfa-3411	29	12	lack	lack	NOUN
ajfa-3411	29	13	of	of	ADP
ajfa-3411	29	14	inadequate	inadequate	ADJ
ajfa-3411	29	15	information	information	NOUN
ajfa-3411	29	16	on	on	ADP
ajfa-3411	29	17	the	the	DET
ajfa-3411	29	18	stock	stock	NOUN
ajfa-3411	29	19	market	market	NOUN
ajfa-3411	29	20	in	in	ADP
ajfa-3411	29	21	emerging	emerge	VERB
ajfa-3411	29	22	countries	country	NOUN
ajfa-3411	29	23	may	may	AUX
ajfa-3411	29	24	undermine	undermine	VERB
ajfa-3411	29	25	beta	beta	NOUN
ajfa-3411	29	26	and	and	CCONJ
ajfa-3411	29	27	relevant	relevant	ADJ
ajfa-3411	29	28	formulas	formula	NOUN
ajfa-3411	29	29	.	.	PUNCT
ajfa-3411	30	1	frazzini	frazzini	PROPN
ajfa-3411	30	2	and	and	CCONJ
ajfa-3411	30	3	pedersen	pedersen	PROPN
ajfa-3411	30	4	(	(	PUNCT
ajfa-3411	30	5	2011	2011	NUM
ajfa-3411	30	6	)	)	PUNCT
ajfa-3411	30	7	stated	state	VERB
ajfa-3411	30	8	risky	risky	ADJ
ajfa-3411	30	9	high	high	ADJ
ajfa-3411	30	10	-	-	PUNCT
ajfa-3411	30	11	beta	beta	NOUN
ajfa-3411	30	12	assets	asset	NOUN
ajfa-3411	30	13	require	require	VERB
ajfa-3411	30	14	lower	low	ADJ
ajfa-3411	30	15	risk	risk	NOUN
ajfa-3411	30	16	-	-	PUNCT
ajfa-3411	30	17	adjusted	adjust	VERB
ajfa-3411	30	18	returns	return	NOUN
ajfa-3411	30	19	than	than	ADP
ajfa-3411	30	20	low	low	ADJ
ajfa-3411	30	21	-	-	PUNCT
ajfa-3411	30	22	beta	beta	NOUN
ajfa-3411	30	23	assets	asset	NOUN
ajfa-3411	30	24	.	.	PUNCT
ajfa-3411	31	1	marcin	marcin	PROPN
ajfa-3411	31	2	,	,	PUNCT
ajfa-3411	31	3	mariusz	mariusz	PROPN
ajfa-3411	31	4	,	,	PUNCT
ajfa-3411	31	5	marek	marek	PROPN
ajfa-3411	31	6	and	and	CCONJ
ajfa-3411	31	7	carol	carol	PROPN
ajfa-3411	31	8	(	(	PUNCT
ajfa-3411	31	9	2012	2012	NUM
ajfa-3411	31	10	)	)	PUNCT
ajfa-3411	31	11	pointed	point	VERB
ajfa-3411	31	12	calculated	calculate	VERB
ajfa-3411	31	13	single	single	ADJ
ajfa-3411	31	14	betas	beta	NOUN
ajfa-3411	31	15	in	in	ADP
ajfa-3411	31	16	emerging	emerge	VERB
ajfa-3411	31	17	markets	market	NOUN
ajfa-3411	31	18	can	can	AUX
ajfa-3411	31	19	move	move	VERB
ajfa-3411	31	20	counter	counter	ADV
ajfa-3411	31	21	to	to	ADP
ajfa-3411	31	22	the	the	DET
ajfa-3411	31	23	market	market	NOUN
ajfa-3411	31	24	.	.	PUNCT
ajfa-3411	32	1	they	they	PRON
ajfa-3411	32	2	mentioned	mention	VERB
ajfa-3411	32	3	that	that	SCONJ
ajfa-3411	32	4	the	the	DET
ajfa-3411	32	5	reliability	reliability	NOUN
ajfa-3411	32	6	and	and	CCONJ
ajfa-3411	32	7	fitness	fitness	NOUN
ajfa-3411	32	8	of	of	ADP
ajfa-3411	32	9	calculated	calculate	VERB
ajfa-3411	32	10	betas	beta	NOUN
ajfa-3411	32	11	are	be	AUX
ajfa-3411	32	12	relevant	relevant	ADJ
ajfa-3411	32	13	to	to	ADP
ajfa-3411	32	14	the	the	DET
ajfa-3411	32	15	valuation	valuation	NOUN
ajfa-3411	32	16	and	and	CCONJ
ajfa-3411	32	17	investment	investment	NOUN
ajfa-3411	32	18	of	of	ADP
ajfa-3411	32	19	investors	investor	NOUN
ajfa-3411	32	20	in	in	ADP
ajfa-3411	32	21	merging	merge	VERB
ajfa-3411	32	22	markets	market	NOUN
ajfa-3411	32	23	.	.	PUNCT
ajfa-3411	33	1	and	and	CCONJ
ajfa-3411	33	2	xiaowei	xiaowei	PROPN
ajfa-3411	33	3	kang	kang	PROPN
ajfa-3411	33	4	(	(	PUNCT
ajfa-3411	33	5	2012	2012	NUM
ajfa-3411	33	6	)	)	PUNCT
ajfa-3411	33	7	found	find	VERB
ajfa-3411	33	8	that	that	SCONJ
ajfa-3411	33	9	combining	combine	VERB
ajfa-3411	33	10	weighted	weight	VERB
ajfa-3411	33	11	or	or	CCONJ
ajfa-3411	33	12	alternative	alternative	ADJ
ajfa-3411	33	13	beta	beta	ADJ
ajfa-3411	33	14	strategies	strategy	NOUN
ajfa-3411	33	15	can	can	AUX
ajfa-3411	33	16	gain	gain	VERB
ajfa-3411	33	17	significant	significant	ADJ
ajfa-3411	33	18	traction	traction	NOUN
ajfa-3411	33	19	in	in	ADP
ajfa-3411	33	20	investment	investment	NOUN
ajfa-3411	33	21	community	community	NOUN
ajfa-3411	33	22	and	and	CCONJ
ajfa-3411	33	23	reduce	reduce	VERB
ajfa-3411	33	24	risk	risk	NOUN
ajfa-3411	33	25	.	.	PUNCT
ajfa-3411	34	1	next	next	ADV
ajfa-3411	34	2	,	,	PUNCT
ajfa-3411	34	3	pablo	pablo	PROPN
ajfa-3411	34	4	fernandez	fernandez	PROPN
ajfa-3411	34	5	(	(	PUNCT
ajfa-3411	34	6	2013	2013	NUM
ajfa-3411	34	7	)	)	PUNCT
ajfa-3411	34	8	also	also	ADV
ajfa-3411	34	9	stated	state	VERB
ajfa-3411	34	10	that	that	SCONJ
ajfa-3411	34	11	industry	industry	NOUN
ajfa-3411	34	12	betas	beta	NOUN
ajfa-3411	34	13	are	be	AUX
ajfa-3411	34	14	very	very	ADV
ajfa-3411	34	15	unstable	unstable	ADJ
ajfa-3411	34	16	.	.	PUNCT
ajfa-3411	35	1	finally	finally	ADV
ajfa-3411	35	2	,	,	PUNCT
ajfa-3411	35	3	a	a	DET
ajfa-3411	35	4	portfolio	portfolio	NOUN
ajfa-3411	35	5	beta	beta	NOUN
ajfa-3411	35	6	can	can	AUX
ajfa-3411	35	7	be	be	AUX
ajfa-3411	35	8	calculated	calculate	VERB
ajfa-3411	35	9	by	by	ADP
ajfa-3411	35	10	taking	take	VERB
ajfa-3411	35	11	market	market	NOUN
ajfa-3411	35	12	capitalization	capitalization	NOUN
ajfa-3411	35	13	of	of	ADP
ajfa-3411	35	14	each	each	DET
ajfa-3411	35	15	stock	stock	NOUN
ajfa-3411	35	16	in	in	ADP
ajfa-3411	35	17	the	the	DET
ajfa-3411	35	18	portfolio	portfolio	NOUN
ajfa-3411	35	19	and	and	CCONJ
ajfa-3411	35	20	then	then	ADV
ajfa-3411	35	21	,	,	PUNCT
ajfa-3411	35	22	average	average	ADJ
ajfa-3411	35	23	beta	beta	NOUN
ajfa-3411	35	24	of	of	ADP
ajfa-3411	35	25	each	each	DET
ajfa-3411	35	26	company	company	NOUN
ajfa-3411	35	27	security	security	NOUN
ajfa-3411	35	28	.	.	PUNCT
ajfa-3411	36	1	4	4	X
ajfa-3411	36	2	.	.	X
ajfa-3411	36	3	conceptual	conceptual	ADJ
ajfa-3411	36	4	theories	theory	NOUN
ajfa-3411	36	5	determinants	determinant	NOUN
ajfa-3411	36	6	of	of	ADP
ajfa-3411	36	7	equity	equity	NOUN
ajfa-3411	36	8	and	and	CCONJ
ajfa-3411	36	9	asset	asset	NOUN
ajfa-3411	36	10	beta	beta	NOUN
ajfa-3411	36	11	in	in	ADP
ajfa-3411	36	12	financial	financial	ADJ
ajfa-3411	36	13	markets	market	NOUN
ajfa-3411	36	14	,	,	PUNCT
ajfa-3411	36	15	systematic	systematic	ADJ
ajfa-3411	36	16	risk	risk	NOUN
ajfa-3411	36	17	relates	relate	VERB
ajfa-3411	36	18	to	to	ADP
ajfa-3411	36	19	the	the	DET
ajfa-3411	36	20	overall	overall	ADJ
ajfa-3411	36	21	risk	risk	NOUN
ajfa-3411	36	22	of	of	ADP
ajfa-3411	36	23	the	the	DET
ajfa-3411	36	24	whole	whole	ADJ
ajfa-3411	36	25	market	market	NOUN
ajfa-3411	36	26	,	,	PUNCT
ajfa-3411	36	27	is	be	AUX
ajfa-3411	36	28	affected	affect	VERB
ajfa-3411	36	29	by	by	ADP
ajfa-3411	36	30	some	some	DET
ajfa-3411	36	31	factors	factor	NOUN
ajfa-3411	36	32	such	such	ADJ
ajfa-3411	36	33	as	as	ADP
ajfa-3411	36	34	:	:	PUNCT
ajfa-3411	36	35	interest	interest	NOUN
ajfa-3411	36	36	rate	rate	NOUN
ajfa-3411	36	37	fluctuations	fluctuation	NOUN
ajfa-3411	36	38	or	or	CCONJ
ajfa-3411	36	39	economic	economic	ADJ
ajfa-3411	36	40	crisis	crisis	NOUN
ajfa-3411	36	41	,	,	PUNCT
ajfa-3411	36	42	can	can	AUX
ajfa-3411	36	43	not	not	PART
ajfa-3411	36	44	be	be	AUX
ajfa-3411	36	45	avoided	avoid	VERB
ajfa-3411	36	46	by	by	ADP
ajfa-3411	36	47	diversification	diversification	NOUN
ajfa-3411	36	48	,	,	PUNCT
ajfa-3411	36	49	and	and	CCONJ
ajfa-3411	36	50	is	be	AUX
ajfa-3411	36	51	measured	measure	VERB
ajfa-3411	36	52	by	by	ADP
ajfa-3411	36	53	a	a	DET
ajfa-3411	36	54	financial	financial	ADJ
ajfa-3411	36	55	metric	metric	NOUN
ajfa-3411	36	56	,	,	PUNCT
ajfa-3411	36	57	beta	beta	NOUN
ajfa-3411	36	58	.	.	PUNCT
ajfa-3411	36	59	unlevered	unlevered	ADJ
ajfa-3411	36	60	beta	beta	NOUN
ajfa-3411	36	61	measures	measure	NOUN
ajfa-3411	36	62	how	how	SCONJ
ajfa-3411	36	63	much	much	ADJ
ajfa-3411	36	64	systematic	systematic	ADJ
ajfa-3411	36	65	risk	risk	NOUN
ajfa-3411	36	66	a	a	DET
ajfa-3411	36	67	firm	firm	NOUN
ajfa-3411	36	68	has	have	VERB
ajfa-3411	36	69	,	,	PUNCT
ajfa-3411	36	70	without	without	ADP
ajfa-3411	36	71	debt	debt	NOUN
ajfa-3411	36	72	,	,	PUNCT
ajfa-3411	36	73	compared	compare	VERB
ajfa-3411	36	74	to	to	ADP
ajfa-3411	36	75	the	the	DET
ajfa-3411	36	76	benchmark	benchmark	NOUN
ajfa-3411	36	77	in	in	ADP
ajfa-3411	36	78	the	the	DET
ajfa-3411	36	79	stock	stock	NOUN
ajfa-3411	36	80	market	market	NOUN
ajfa-3411	36	81	.	.	PUNCT
ajfa-3411	37	1	equity	equity	NOUN
ajfa-3411	37	2	beta	beta	PROPN
ajfa-3411	37	3	covers	cover	VERB
ajfa-3411	37	4	systematic	systematic	ADJ
ajfa-3411	37	5	risk	risk	NOUN
ajfa-3411	37	6	of	of	ADP
ajfa-3411	37	7	a	a	DET
ajfa-3411	37	8	firm	firm	NOUN
ajfa-3411	37	9	’s	’s	PART
ajfa-3411	37	10	equity	equity	NOUN
ajfa-3411	37	11	while	while	SCONJ
ajfa-3411	37	12	asset	asset	NOUN
ajfa-3411	37	13	beta	beta	NOUN
ajfa-3411	37	14	mentions	mention	NOUN
ajfa-3411	37	15	that	that	PRON
ajfa-3411	37	16	risk	risk	VERB
ajfa-3411	37	17	which	which	PRON
ajfa-3411	37	18	a	a	DET
ajfa-3411	37	19	firm	firm	NOUN
ajfa-3411	37	20	’s	’s	PART
ajfa-3411	37	21	asset	asset	NOUN
ajfa-3411	37	22	has	have	VERB
ajfa-3411	37	23	.	.	PUNCT
ajfa-3411	38	1	several	several	ADJ
ajfa-3411	38	2	factors	factor	NOUN
ajfa-3411	38	3	affecting	affect	VERB
ajfa-3411	38	4	beta	beta	NOUN
ajfa-3411	38	5	include	include	NOUN
ajfa-3411	38	6	,	,	PUNCT
ajfa-3411	38	7	but	but	CCONJ
ajfa-3411	38	8	not	not	PART
ajfa-3411	38	9	limit	limit	VERB
ajfa-3411	38	10	to	to	ADP
ajfa-3411	38	11	,	,	PUNCT
ajfa-3411	38	12	the	the	DET
ajfa-3411	38	13	volatility	volatility	NOUN
ajfa-3411	38	14	of	of	ADP
ajfa-3411	38	15	expected	expect	VERB
ajfa-3411	38	16	return	return	NOUN
ajfa-3411	38	17	of	of	ADP
ajfa-3411	38	18	a	a	DET
ajfa-3411	38	19	single	single	ADJ
ajfa-3411	38	20	stock	stock	NOUN
ajfa-3411	38	21	,	,	PUNCT
ajfa-3411	38	22	or	or	CCONJ
ajfa-3411	38	23	the	the	DET
ajfa-3411	38	24	volatility	volatility	NOUN
ajfa-3411	38	25	of	of	ADP
ajfa-3411	38	26	the	the	DET
ajfa-3411	38	27	expected	expect	VERB
ajfa-3411	38	28	return	return	NOUN
ajfa-3411	38	29	of	of	ADP
ajfa-3411	38	30	the	the	DET
ajfa-3411	38	31	entire	entire	ADJ
ajfa-3411	38	32	stock	stock	NOUN
ajfa-3411	38	33	market	market	NOUN
ajfa-3411	38	34	index	index	NOUN
ajfa-3411	38	35	.	.	PUNCT
ajfa-3411	39	1	therefore	therefore	ADV
ajfa-3411	39	2	,	,	PUNCT
ajfa-3411	39	3	the	the	DET
ajfa-3411	39	4	company	company	NOUN
ajfa-3411	39	5	performance	performance	NOUN
ajfa-3411	39	6	or	or	CCONJ
ajfa-3411	39	7	its	its	PRON
ajfa-3411	39	8	management	management	NOUN
ajfa-3411	39	9	performance	performance	NOUN
ajfa-3411	39	10	,	,	PUNCT
ajfa-3411	39	11	the	the	DET
ajfa-3411	39	12	investor	investor	NOUN
ajfa-3411	39	13	confidence	confidence	NOUN
ajfa-3411	39	14	and	and	CCONJ
ajfa-3411	39	15	the	the	DET
ajfa-3411	39	16	economic	economic	ADJ
ajfa-3411	39	17	expectation	expectation	NOUN
ajfa-3411	39	18	might	might	AUX
ajfa-3411	39	19	influence	influence	VERB
ajfa-3411	39	20	beta	beta	ADJ
ajfa-3411	39	21	values	value	NOUN
ajfa-3411	39	22	.	.	PUNCT
ajfa-3411	40	1	last	last	ADJ
ajfa-3411	40	2	but	but	CCONJ
ajfa-3411	40	3	not	not	PART
ajfa-3411	40	4	least	least	ADJ
ajfa-3411	40	5	,	,	PUNCT
ajfa-3411	40	6	for	for	ADP
ajfa-3411	40	7	a	a	DET
ajfa-3411	40	8	typical	typical	ADJ
ajfa-3411	40	9	company	company	NOUN
ajfa-3411	40	10	,	,	PUNCT
ajfa-3411	40	11	its	its	PRON
ajfa-3411	40	12	beta	beta	NOUN
ajfa-3411	40	13	can	can	AUX
ajfa-3411	40	14	be	be	AUX
ajfa-3411	40	15	estimated	estimate	VERB
ajfa-3411	40	16	by	by	ADP
ajfa-3411	40	17	using	use	VERB
ajfa-3411	40	18	a	a	DET
ajfa-3411	40	19	regression	regression	NOUN
ajfa-3411	40	20	against	against	ADP
ajfa-3411	40	21	an	an	DET
ajfa-3411	40	22	overall	overall	ADJ
ajfa-3411	40	23	stock	stock	NOUN
ajfa-3411	40	24	exchange	exchange	NOUN
ajfa-3411	40	25	index	index	NOUN
ajfa-3411	40	26	.	.	PUNCT
ajfa-3411	41	1	5	5	X
ajfa-3411	41	2	.	.	X
ajfa-3411	41	3	methodology	methodology	NOUN
ajfa-3411	41	4	we	we	PRON
ajfa-3411	41	5	use	use	VERB
ajfa-3411	41	6	the	the	DET
ajfa-3411	41	7	input	input	NOUN
ajfa-3411	41	8	data	datum	NOUN
ajfa-3411	41	9	from	from	ADP
ajfa-3411	41	10	the	the	DET
ajfa-3411	41	11	live	live	ADJ
ajfa-3411	41	12	stock	stock	NOUN
ajfa-3411	41	13	exchange	exchange	NOUN
ajfa-3411	41	14	market	market	NOUN
ajfa-3411	41	15	in	in	ADP
ajfa-3411	41	16	viet	viet	PROPN
ajfa-3411	41	17	nam	nam	PROPN
ajfa-3411	41	18	during	during	ADP
ajfa-3411	41	19	the	the	DET
ajfa-3411	41	20	four	four	NUM
ajfa-3411	41	21	or	or	CCONJ
ajfa-3411	41	22	five	five	NUM
ajfa-3411	41	23	years	year	NOUN
ajfa-3411	41	24	of	of	ADP
ajfa-3411	41	25	financial	financial	ADJ
ajfa-3411	41	26	crisis	crisis	NOUN
ajfa-3411	41	27	2007	2007	NUM
ajfa-3411	41	28	-	-	SYM
ajfa-3411	41	29	2011	2011	NUM
ajfa-3411	41	30	to	to	PART
ajfa-3411	41	31	estimate	estimate	VERB
ajfa-3411	41	32	results	result	NOUN
ajfa-3411	41	33	.	.	PUNCT
ajfa-3411	42	1	we	we	PRON
ajfa-3411	42	2	do	do	VERB
ajfa-3411	42	3	research	research	NOUN
ajfa-3411	42	4	in	in	ADP
ajfa-3411	42	5	this	this	DET
ajfa-3411	42	6	period	period	NOUN
ajfa-3411	42	7	because	because	SCONJ
ajfa-3411	42	8	viet	viet	PROPN
ajfa-3411	42	9	nam	nam	PROPN
ajfa-3411	42	10	stock	stock	NOUN
ajfa-3411	42	11	market	market	NOUN
ajfa-3411	42	12	has	have	VERB
ajfa-3411	42	13	the	the	DET
ajfa-3411	42	14	declining	decline	VERB
ajfa-3411	42	15	trend	trend	NOUN
ajfa-3411	42	16	and	and	CCONJ
ajfa-3411	42	17	this	this	PRON
ajfa-3411	42	18	is	be	AUX
ajfa-3411	42	19	the	the	DET
ajfa-3411	42	20	time	time	NOUN
ajfa-3411	42	21	highlighting	highlight	VERB
ajfa-3411	42	22	financial	financial	ADJ
ajfa-3411	42	23	crisis	crisis	NOUN
ajfa-3411	42	24	impacts	impact	NOUN
ajfa-3411	42	25	.	.	PUNCT
ajfa-3411	43	1	firstly	firstly	ADV
ajfa-3411	43	2	,	,	PUNCT
ajfa-3411	43	3	we	we	PRON
ajfa-3411	43	4	use	use	VERB
ajfa-3411	43	5	the	the	DET
ajfa-3411	43	6	market	market	NOUN
ajfa-3411	43	7	stock	stock	NOUN
ajfa-3411	43	8	price	price	NOUN
ajfa-3411	43	9	of	of	ADP
ajfa-3411	43	10	64	64	NUM
ajfa-3411	43	11	listed	list	VERB
ajfa-3411	43	12	companies	company	NOUN
ajfa-3411	43	13	in	in	ADP
ajfa-3411	43	14	the	the	DET
ajfa-3411	43	15	electrical	electrical	ADJ
ajfa-3411	43	16	and	and	CCONJ
ajfa-3411	43	17	electronic	electronic	ADJ
ajfa-3411	43	18	,	,	PUNCT
ajfa-3411	43	19	software	software	NOUN
ajfa-3411	43	20	,	,	PUNCT
ajfa-3411	43	21	hardware	hardware	NOUN
ajfa-3411	43	22	,	,	PUNCT
ajfa-3411	43	23	and	and	CCONJ
ajfa-3411	43	24	comm./telecommunication	comm./telecommunication	NOUN
ajfa-3411	43	25	industries	industry	NOUN
ajfa-3411	43	26	in	in	ADP
ajfa-3411	43	27	viet	viet	PROPN
ajfa-3411	43	28	nam	nam	PROPN
ajfa-3411	43	29	stock	stock	PROPN
ajfa-3411	43	30	exchange	exchange	PROPN
ajfa-3411	43	31	market	market	NOUN
ajfa-3411	43	32	to	to	PART
ajfa-3411	43	33	calculate	calculate	VERB
ajfa-3411	43	34	the	the	DET
ajfa-3411	43	35	variability	variability	NOUN
ajfa-3411	43	36	in	in	ADP
ajfa-3411	43	37	monthly	monthly	ADJ
ajfa-3411	43	38	stock	stock	NOUN
ajfa-3411	43	39	price	price	NOUN
ajfa-3411	43	40	in	in	ADP
ajfa-3411	43	41	the	the	DET
ajfa-3411	43	42	same	same	ADJ
ajfa-3411	43	43	period	period	NOUN
ajfa-3411	43	44	;	;	PUNCT
ajfa-3411	43	45	secondly	secondly	ADV
ajfa-3411	43	46	,	,	PUNCT
ajfa-3411	43	47	we	we	PRON
ajfa-3411	43	48	estimate	estimate	VERB
ajfa-3411	43	49	the	the	DET
ajfa-3411	43	50	equity	equity	NOUN
ajfa-3411	43	51	beta	beta	NOUN
ajfa-3411	43	52	for	for	ADP
ajfa-3411	43	53	these	these	DET
ajfa-3411	43	54	4	4	NUM
ajfa-3411	43	55	listed	list	VERB
ajfa-3411	43	56	groups	group	NOUN
ajfa-3411	43	57	of	of	ADP
ajfa-3411	43	58	companies	company	NOUN
ajfa-3411	43	59	and	and	CCONJ
ajfa-3411	43	60	make	make	VERB
ajfa-3411	43	61	a	a	DET
ajfa-3411	43	62	comparison	comparison	NOUN
ajfa-3411	43	63	.	.	PUNCT
ajfa-3411	44	1	thirdly	thirdly	ADV
ajfa-3411	44	2	,	,	PUNCT
ajfa-3411	44	3	from	from	ADP
ajfa-3411	44	4	the	the	DET
ajfa-3411	44	5	equity	equity	NOUN
ajfa-3411	44	6	beta	beta	NOUN
ajfa-3411	44	7	values	value	NOUN
ajfa-3411	44	8	of	of	ADP
ajfa-3411	44	9	these	these	DET
ajfa-3411	44	10	listed	list	VERB
ajfa-3411	44	11	companies	company	NOUN
ajfa-3411	44	12	,	,	PUNCT
ajfa-3411	44	13	we	we	PRON
ajfa-3411	44	14	perform	perform	VERB
ajfa-3411	44	15	a	a	DET
ajfa-3411	44	16	comparative	comparative	ADJ
ajfa-3411	44	17	analysis	analysis	NOUN
ajfa-3411	44	18	between	between	ADP
ajfa-3411	44	19	equity	equity	NOUN
ajfa-3411	44	20	and	and	CCONJ
ajfa-3411	44	21	asset	asset	NOUN
ajfa-3411	44	22	beta	beta	NOUN
ajfa-3411	44	23	values	value	NOUN
ajfa-3411	44	24	of	of	ADP
ajfa-3411	44	25	these	these	DET
ajfa-3411	44	26	4	4	NUM
ajfa-3411	44	27	companies	company	NOUN
ajfa-3411	44	28	groups	group	NOUN
ajfa-3411	44	29	in	in	ADP
ajfa-3411	44	30	viet	viet	PROPN
ajfa-3411	44	31	nam	nam	PROPN
ajfa-3411	44	32	.	.	PUNCT
ajfa-3411	45	1	asian	asian	PROPN
ajfa-3411	45	2	journal	journal	PROPN
ajfa-3411	45	3	of	of	ADP
ajfa-3411	45	4	finance	finance	PROPN
ajfa-3411	45	5	&	&	CCONJ
ajfa-3411	45	6	accounting	accounting	PROPN
ajfa-3411	45	7	issn	issn	PROPN
ajfa-3411	45	8	1946	1946	NUM
ajfa-3411	45	9	-	-	PUNCT
ajfa-3411	45	10	052x	052x	NOUN
ajfa-3411	45	11	2013	2013	NUM
ajfa-3411	45	12	,	,	PUNCT
ajfa-3411	45	13	vol	vol	NOUN
ajfa-3411	45	14	.	.	PROPN
ajfa-3411	45	15	5	5	NUM
ajfa-3411	45	16	,	,	PUNCT
ajfa-3411	45	17	no	no	INTJ
ajfa-3411	45	18	.	.	NOUN
ajfa-3411	45	19	1	1	NUM
ajfa-3411	45	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	45	21	130	130	NUM
ajfa-3411	45	22	finally	finally	ADV
ajfa-3411	45	23	,	,	PUNCT
ajfa-3411	45	24	we	we	PRON
ajfa-3411	45	25	use	use	VERB
ajfa-3411	45	26	the	the	DET
ajfa-3411	45	27	results	result	NOUN
ajfa-3411	45	28	to	to	PART
ajfa-3411	45	29	suggest	suggest	VERB
ajfa-3411	45	30	policy	policy	NOUN
ajfa-3411	45	31	for	for	ADP
ajfa-3411	45	32	both	both	DET
ajfa-3411	45	33	these	these	DET
ajfa-3411	45	34	enterprises	enterprise	NOUN
ajfa-3411	45	35	,	,	PUNCT
ajfa-3411	45	36	financial	financial	ADJ
ajfa-3411	45	37	institutions	institution	NOUN
ajfa-3411	45	38	and	and	CCONJ
ajfa-3411	45	39	relevant	relevant	ADJ
ajfa-3411	45	40	organizations	organization	NOUN
ajfa-3411	45	41	.	.	PUNCT
ajfa-3411	46	1	the	the	DET
ajfa-3411	46	2	below	below	ADJ
ajfa-3411	46	3	table	table	NOUN
ajfa-3411	46	4	gives	give	VERB
ajfa-3411	46	5	us	we	PRON
ajfa-3411	46	6	the	the	DET
ajfa-3411	46	7	number	number	NOUN
ajfa-3411	46	8	of	of	ADP
ajfa-3411	46	9	computer	computer	NOUN
ajfa-3411	46	10	and	and	CCONJ
ajfa-3411	46	11	electrical	electrical	ADJ
ajfa-3411	46	12	firms	firm	NOUN
ajfa-3411	46	13	used	use	VERB
ajfa-3411	46	14	in	in	ADP
ajfa-3411	46	15	the	the	DET
ajfa-3411	46	16	research	research	NOUN
ajfa-3411	46	17	of	of	ADP
ajfa-3411	46	18	estimating	estimate	VERB
ajfa-3411	46	19	beta	beta	NOUN
ajfa-3411	46	20	:	:	PUNCT
ajfa-3411	46	21	market	market	NOUN
ajfa-3411	46	22	listed	list	VERB
ajfa-3411	46	23	electrical	electrical	ADJ
ajfa-3411	46	24	and	and	CCONJ
ajfa-3411	46	25	electronic	electronic	ADJ
ajfa-3411	46	26	equipments	equipment	NOUN
ajfa-3411	46	27	companies	company	NOUN
ajfa-3411	46	28	(	(	PUNCT
ajfa-3411	46	29	1	1	X
ajfa-3411	46	30	)	)	PUNCT
ajfa-3411	46	31	listed	list	VERB
ajfa-3411	46	32	software	software	NOUN
ajfa-3411	46	33	companies	company	NOUN
ajfa-3411	46	34	(	(	PUNCT
ajfa-3411	46	35	2	2	X
ajfa-3411	46	36	)	)	PUNCT
ajfa-3411	46	37	listed	list	VERB
ajfa-3411	46	38	hardware	hardware	NOUN
ajfa-3411	46	39	companies	company	NOUN
ajfa-3411	46	40	(	(	PUNCT
ajfa-3411	46	41	3	3	X
ajfa-3411	46	42	)	)	PUNCT
ajfa-3411	46	43	listed	list	VERB
ajfa-3411	46	44	comm	comm	NOUN
ajfa-3411	46	45	.	.	PUNCT
ajfa-3411	47	1	and	and	CCONJ
ajfa-3411	47	2	telecommunicatio	telecommunicatio	PROPN
ajfa-3411	47	3	n	n	PROPN
ajfa-3411	47	4	companies	company	NOUN
ajfa-3411	47	5	(	(	PUNCT
ajfa-3411	47	6	4	4	X
ajfa-3411	47	7	)	)	PUNCT
ajfa-3411	47	8	note	note	NOUN
ajfa-3411	47	9	(	(	PUNCT
ajfa-3411	47	10	4	4	NUM
ajfa-3411	47	11	)	)	PUNCT
ajfa-3411	47	12	viet	viet	NOUN
ajfa-3411	47	13	nam	nam	NOUN
ajfa-3411	47	14	14	14	NUM
ajfa-3411	47	15	5	5	NUM
ajfa-3411	47	16	14	14	NUM
ajfa-3411	47	17	15	15	NUM
ajfa-3411	47	18	estimating	estimate	VERB
ajfa-3411	47	19	by	by	ADP
ajfa-3411	47	20	traditional	traditional	ADJ
ajfa-3411	47	21	method	method	NOUN
ajfa-3411	47	22	4	4	NUM
ajfa-3411	47	23	1	1	NUM
ajfa-3411	47	24	8	8	NUM
ajfa-3411	47	25	3	3	NUM
ajfa-3411	47	26	estimating	estimate	VERB
ajfa-3411	47	27	by	by	ADP
ajfa-3411	47	28	comparative	comparative	ADJ
ajfa-3411	47	29	method	method	NOUN
ajfa-3411	47	30	total	total	NOUN
ajfa-3411	47	31	18	18	NUM
ajfa-3411	47	32	6	6	NUM
ajfa-3411	47	33	22	22	NUM
ajfa-3411	47	34	18	18	NUM
ajfa-3411	47	35	total	total	ADJ
ajfa-3411	47	36	firms	firm	NOUN
ajfa-3411	47	37	in	in	ADP
ajfa-3411	47	38	group	group	NOUN
ajfa-3411	47	39	:	:	PUNCT
ajfa-3411	47	40	64	64	NUM
ajfa-3411	47	41	(	(	PUNCT
ajfa-3411	47	42	note	note	NOUN
ajfa-3411	47	43	:	:	PUNCT
ajfa-3411	47	44	the	the	DET
ajfa-3411	47	45	above	above	ADJ
ajfa-3411	47	46	data	datum	NOUN
ajfa-3411	47	47	is	be	AUX
ajfa-3411	47	48	at	at	ADP
ajfa-3411	47	49	the	the	DET
ajfa-3411	47	50	december	december	PROPN
ajfa-3411	47	51	12th	12th	NOUN
ajfa-3411	47	52	,	,	PUNCT
ajfa-3411	47	53	2012	2012	NUM
ajfa-3411	47	54	,	,	PUNCT
ajfa-3411	47	55	from	from	ADP
ajfa-3411	47	56	viet	viet	PROPN
ajfa-3411	47	57	nam	nam	PROPN
ajfa-3411	47	58	stock	stock	PROPN
ajfa-3411	47	59	exchange	exchange	PROPN
ajfa-3411	47	60	)	)	PUNCT
ajfa-3411	47	61	6	6	NUM
ajfa-3411	47	62	.	.	PUNCT
ajfa-3411	47	63	general	general	ADJ
ajfa-3411	47	64	data	datum	NOUN
ajfa-3411	47	65	analysis	analysis	NOUN
ajfa-3411	47	66	in	in	ADP
ajfa-3411	47	67	an	an	DET
ajfa-3411	47	68	industrial	industrial	ADJ
ajfa-3411	47	69	sample	sample	NOUN
ajfa-3411	47	70	with	with	ADP
ajfa-3411	47	71	64	64	NUM
ajfa-3411	47	72	firms	firm	NOUN
ajfa-3411	47	73	,	,	PUNCT
ajfa-3411	47	74	equity	equity	NOUN
ajfa-3411	47	75	beta	beta	NOUN
ajfa-3411	47	76	is	be	AUX
ajfa-3411	47	77	calculated	calculate	VERB
ajfa-3411	47	78	at	at	ADP
ajfa-3411	47	79	a	a	DET
ajfa-3411	47	80	value	value	NOUN
ajfa-3411	47	81	of	of	ADP
ajfa-3411	47	82	0,690	0,690	NUM
ajfa-3411	47	83	(	(	PUNCT
ajfa-3411	47	84	mean	mean	ADJ
ajfa-3411	47	85	)	)	PUNCT
ajfa-3411	47	86	and	and	CCONJ
ajfa-3411	47	87	that	that	PRON
ajfa-3411	47	88	of	of	ADP
ajfa-3411	47	89	asset	asset	NOUN
ajfa-3411	47	90	beta	beta	NOUN
ajfa-3411	47	91	is	be	AUX
ajfa-3411	47	92	about	about	ADV
ajfa-3411	47	93	0,415	0,415	NUM
ajfa-3411	47	94	which	which	PRON
ajfa-3411	47	95	are	be	AUX
ajfa-3411	47	96	good	good	ADJ
ajfa-3411	47	97	numbers	number	NOUN
ajfa-3411	47	98	,	,	PUNCT
ajfa-3411	47	99	relating	relate	VERB
ajfa-3411	47	100	to	to	ADP
ajfa-3411	47	101	market	market	NOUN
ajfa-3411	47	102	risk	risk	NOUN
ajfa-3411	47	103	during	during	ADP
ajfa-3411	47	104	the	the	DET
ajfa-3411	47	105	crisis	crisis	NOUN
ajfa-3411	47	106	.	.	PUNCT
ajfa-3411	48	1	besides	besides	SCONJ
ajfa-3411	48	2	,	,	PUNCT
ajfa-3411	48	3	that	that	DET
ajfa-3411	48	4	sample	sample	NOUN
ajfa-3411	48	5	variance	variance	NOUN
ajfa-3411	48	6	of	of	ADP
ajfa-3411	48	7	equity	equity	NOUN
ajfa-3411	48	8	beta	beta	NOUN
ajfa-3411	48	9	is	be	AUX
ajfa-3411	48	10	0,1804	0,1804	VERB
ajfa-3411	48	11	and	and	CCONJ
ajfa-3411	48	12	that	that	PRON
ajfa-3411	48	13	of	of	ADP
ajfa-3411	48	14	asset	asset	NOUN
ajfa-3411	48	15	beta	beta	NOUN
ajfa-3411	48	16	is	be	AUX
ajfa-3411	48	17	0,1201	0,1201	ADJ
ajfa-3411	48	18	is	be	AUX
ajfa-3411	48	19	acceptable	acceptable	ADJ
ajfa-3411	48	20	,	,	PUNCT
ajfa-3411	48	21	even	even	ADV
ajfa-3411	48	22	though	though	SCONJ
ajfa-3411	48	23	the	the	DET
ajfa-3411	48	24	range	range	NOUN
ajfa-3411	48	25	of	of	ADP
ajfa-3411	48	26	max	max	PROPN
ajfa-3411	48	27	and	and	CCONJ
ajfa-3411	48	28	min	min	NOUN
ajfa-3411	48	29	value	value	NOUN
ajfa-3411	48	30	of	of	ADP
ajfa-3411	48	31	beta	beta	NOUN
ajfa-3411	48	32	is	be	AUX
ajfa-3411	48	33	still	still	ADV
ajfa-3411	48	34	large	large	ADJ
ajfa-3411	48	35	.	.	PUNCT
ajfa-3411	49	1	value	value	NOUN
ajfa-3411	49	2	of	of	ADP
ajfa-3411	49	3	equity	equity	NOUN
ajfa-3411	49	4	beta	beta	NOUN
ajfa-3411	49	5	varies	vary	VERB
ajfa-3411	49	6	in	in	ADP
ajfa-3411	49	7	a	a	DET
ajfa-3411	49	8	range	range	NOUN
ajfa-3411	49	9	from	from	ADP
ajfa-3411	49	10	2,056	2,056	NUM
ajfa-3411	49	11	(	(	PUNCT
ajfa-3411	49	12	max	max	PROPN
ajfa-3411	49	13	)	)	PUNCT
ajfa-3411	49	14	to	to	PART
ajfa-3411	49	15	-0,524	-0,524	PROPN
ajfa-3411	49	16	(	(	PUNCT
ajfa-3411	49	17	min	min	NOUN
ajfa-3411	49	18	)	)	PUNCT
ajfa-3411	49	19	and	and	CCONJ
ajfa-3411	49	20	that	that	PRON
ajfa-3411	49	21	of	of	ADP
ajfa-3411	49	22	asset	asset	NOUN
ajfa-3411	49	23	beta	beta	NOUN
ajfa-3411	49	24	varies	vary	VERB
ajfa-3411	49	25	in	in	ADP
ajfa-3411	49	26	a	a	DET
ajfa-3411	49	27	range	range	NOUN
ajfa-3411	49	28	from	from	ADP
ajfa-3411	49	29	1,941	1,941	NUM
ajfa-3411	49	30	(	(	PUNCT
ajfa-3411	49	31	max	max	PROPN
ajfa-3411	49	32	)	)	PUNCT
ajfa-3411	49	33	to	to	PART
ajfa-3411	49	34	-0,251	-0,251	PROPN
ajfa-3411	49	35	(	(	PUNCT
ajfa-3411	49	36	min	min	NOUN
ajfa-3411	49	37	)	)	PUNCT
ajfa-3411	49	38	.	.	PUNCT
ajfa-3411	50	1	this	this	PRON
ajfa-3411	50	2	shows	show	VERB
ajfa-3411	50	3	us	we	PRON
ajfa-3411	50	4	a	a	DET
ajfa-3411	50	5	few	few	ADJ
ajfa-3411	50	6	companies	company	NOUN
ajfa-3411	50	7	still	still	ADV
ajfa-3411	50	8	has	have	VERB
ajfa-3411	50	9	larger	large	ADJ
ajfa-3411	50	10	risk	risk	NOUN
ajfa-3411	50	11	exposure	exposure	NOUN
ajfa-3411	50	12	than	than	ADP
ajfa-3411	50	13	most	most	ADJ
ajfa-3411	50	14	of	of	ADP
ajfa-3411	50	15	the	the	DET
ajfa-3411	50	16	others	other	NOUN
ajfa-3411	50	17	.	.	PUNCT
ajfa-3411	51	1	looking	look	VERB
ajfa-3411	51	2	at	at	ADP
ajfa-3411	51	3	table	table	NOUN
ajfa-3411	51	4	2	2	NUM
ajfa-3411	51	5	,	,	PUNCT
ajfa-3411	51	6	we	we	PRON
ajfa-3411	51	7	note	note	VERB
ajfa-3411	51	8	that	that	SCONJ
ajfa-3411	51	9	there	there	PRON
ajfa-3411	51	10	are	be	VERB
ajfa-3411	51	11	17	17	NUM
ajfa-3411	51	12	firms	firm	NOUN
ajfa-3411	51	13	in	in	ADP
ajfa-3411	51	14	the	the	DET
ajfa-3411	51	15	computer	computer	NOUN
ajfa-3411	51	16	and	and	CCONJ
ajfa-3411	51	17	electrical	electrical	ADJ
ajfa-3411	51	18	industrial	industrial	ADJ
ajfa-3411	51	19	sample	sample	NOUN
ajfa-3411	51	20	has	have	VERB
ajfa-3411	51	21	beta	beta	ADJ
ajfa-3411	51	22	values	value	NOUN
ajfa-3411	51	23	higher	high	ADJ
ajfa-3411	51	24	(	(	PUNCT
ajfa-3411	51	25	>	>	X
ajfa-3411	51	26	)	)	PUNCT
ajfa-3411	51	27	than	than	ADP
ajfa-3411	51	28	1	1	NUM
ajfa-3411	51	29	.	.	PUNCT
ajfa-3411	52	1	next	next	ADV
ajfa-3411	52	2	,	,	PUNCT
ajfa-3411	52	3	asset	asset	NOUN
ajfa-3411	52	4	beta	beta	NOUN
ajfa-3411	52	5	max	max	PROPN
ajfa-3411	52	6	value	value	NOUN
ajfa-3411	52	7	is	be	AUX
ajfa-3411	52	8	1,941	1,941	NUM
ajfa-3411	52	9	and	and	CCONJ
ajfa-3411	52	10	min	min	NOUN
ajfa-3411	52	11	value	value	NOUN
ajfa-3411	52	12	is	be	AUX
ajfa-3411	52	13	-0,251	-0,251	ADJ
ajfa-3411	52	14	which	which	PRON
ajfa-3411	52	15	show	show	VERB
ajfa-3411	52	16	us	we	PRON
ajfa-3411	52	17	that	that	SCONJ
ajfa-3411	52	18	though	though	SCONJ
ajfa-3411	52	19	beta	beta	NOUN
ajfa-3411	52	20	of	of	ADP
ajfa-3411	52	21	debt	debt	NOUN
ajfa-3411	52	22	is	be	AUX
ajfa-3411	52	23	assumed	assume	VERB
ajfa-3411	52	24	to	to	PART
ajfa-3411	52	25	be	be	AUX
ajfa-3411	52	26	zero	zero	NUM
ajfa-3411	52	27	(	(	PUNCT
ajfa-3411	52	28	0	0	NUM
ajfa-3411	52	29	)	)	PUNCT
ajfa-3411	52	30	,	,	PUNCT
ajfa-3411	52	31	the	the	DET
ajfa-3411	52	32	company	company	NOUN
ajfa-3411	52	33	’s	’s	PART
ajfa-3411	52	34	financial	financial	ADJ
ajfa-3411	52	35	leverage	leverage	NOUN
ajfa-3411	52	36	contributes	contribute	VERB
ajfa-3411	52	37	to	to	ADP
ajfa-3411	52	38	a	a	DET
ajfa-3411	52	39	decrease	decrease	NOUN
ajfa-3411	52	40	in	in	ADP
ajfa-3411	52	41	the	the	DET
ajfa-3411	52	42	market	market	NOUN
ajfa-3411	52	43	risk	risk	NOUN
ajfa-3411	52	44	level	level	NOUN
ajfa-3411	52	45	.	.	PUNCT
ajfa-3411	53	1	asset	asset	NOUN
ajfa-3411	53	2	beta	beta	NOUN
ajfa-3411	53	3	’s	’s	PART
ajfa-3411	53	4	mean	mean	ADJ
ajfa-3411	53	5	value	value	NOUN
ajfa-3411	53	6	at	at	ADP
ajfa-3411	53	7	0,415	0,415	NUM
ajfa-3411	53	8	and	and	CCONJ
ajfa-3411	53	9	sample	sample	NOUN
ajfa-3411	53	10	variance	variance	NOUN
ajfa-3411	53	11	at	at	ADP
ajfa-3411	53	12	0,1201	0,1201	NOUN
ajfa-3411	53	13	,	,	PUNCT
ajfa-3411	53	14	together	together	ADV
ajfa-3411	53	15	are	be	AUX
ajfa-3411	53	16	good	good	ADJ
ajfa-3411	53	17	risk	risk	NOUN
ajfa-3411	53	18	numbers	number	NOUN
ajfa-3411	53	19	for	for	ADP
ajfa-3411	53	20	companies	company	NOUN
ajfa-3411	53	21	in	in	ADP
ajfa-3411	53	22	the	the	DET
ajfa-3411	53	23	industry	industry	NOUN
ajfa-3411	53	24	.	.	PUNCT
ajfa-3411	54	1	lastly	lastly	ADV
ajfa-3411	54	2	,	,	PUNCT
ajfa-3411	54	3	we	we	PRON
ajfa-3411	54	4	can	can	AUX
ajfa-3411	54	5	see	see	VERB
ajfa-3411	54	6	the	the	DET
ajfa-3411	54	7	small	small	ADJ
ajfa-3411	54	8	difference	difference	NOUN
ajfa-3411	54	9	between	between	ADP
ajfa-3411	54	10	equity	equity	NOUN
ajfa-3411	54	11	and	and	CCONJ
ajfa-3411	54	12	asset	asset	NOUN
ajfa-3411	54	13	beta	beta	NOUN
ajfa-3411	54	14	variance	variance	NOUN
ajfa-3411	54	15	values	value	NOUN
ajfa-3411	54	16	is	be	AUX
ajfa-3411	54	17	just	just	ADV
ajfa-3411	54	18	0,0604	0,0604	NUM
ajfa-3411	54	19	and	and	CCONJ
ajfa-3411	54	20	that	that	SCONJ
ajfa-3411	54	21	b.t	b.t	VERB
ajfa-3411	54	22	equity	equity	NOUN
ajfa-3411	54	23	and	and	CCONJ
ajfa-3411	54	24	asset	asset	NOUN
ajfa-3411	54	25	beta	beta	NOUN
ajfa-3411	54	26	mean	mean	NOUN
ajfa-3411	54	27	is	be	AUX
ajfa-3411	54	28	about	about	ADP
ajfa-3411	54	29	0,2749	0,2749	NOUN
ajfa-3411	54	30	;	;	PUNCT
ajfa-3411	54	31	so	so	CCONJ
ajfa-3411	54	32	,	,	PUNCT
ajfa-3411	54	33	there	there	PRON
ajfa-3411	54	34	is	be	VERB
ajfa-3411	54	35	not	not	PART
ajfa-3411	54	36	big	big	ADJ
ajfa-3411	54	37	effect	effect	NOUN
ajfa-3411	54	38	from	from	ADP
ajfa-3411	54	39	financial	financial	ADJ
ajfa-3411	54	40	leverage	leverage	NOUN
ajfa-3411	54	41	on	on	ADP
ajfa-3411	54	42	the	the	DET
ajfa-3411	54	43	gap	gap	NOUN
ajfa-3411	54	44	between	between	ADP
ajfa-3411	54	45	company	company	NOUN
ajfa-3411	54	46	’s	’s	PART
ajfa-3411	54	47	beta	beta	ADJ
ajfa-3411	54	48	values	value	NOUN
ajfa-3411	54	49	and	and	CCONJ
ajfa-3411	54	50	industry	industry	NOUN
ajfa-3411	54	51	mean	mean	NOUN
ajfa-3411	54	52	value	value	NOUN
ajfa-3411	54	53	,	,	PUNCT
ajfa-3411	54	54	although	although	SCONJ
ajfa-3411	54	55	it	it	PRON
ajfa-3411	54	56	indicates	indicate	VERB
ajfa-3411	54	57	again	again	ADV
ajfa-3411	54	58	that	that	SCONJ
ajfa-3411	54	59	financial	financial	ADJ
ajfa-3411	54	60	leverage	leverage	NOUN
ajfa-3411	54	61	can	can	AUX
ajfa-3411	54	62	enable	enable	VERB
ajfa-3411	54	63	computer	computer	NOUN
ajfa-3411	54	64	and	and	CCONJ
ajfa-3411	54	65	electrical	electrical	ADJ
ajfa-3411	54	66	firms	firm	NOUN
ajfa-3411	54	67	to	to	PART
ajfa-3411	54	68	reduce	reduce	VERB
ajfa-3411	54	69	market	market	NOUN
ajfa-3411	54	70	risk	risk	NOUN
ajfa-3411	54	71	.	.	PUNCT
ajfa-3411	55	1	asian	asian	ADJ
ajfa-3411	55	2	journal	journal	PROPN
ajfa-3411	55	3	of	of	ADP
ajfa-3411	55	4	finance	finance	PROPN
ajfa-3411	55	5	&	&	CCONJ
ajfa-3411	55	6	accounting	accounting	PROPN
ajfa-3411	55	7	issn	issn	PROPN
ajfa-3411	55	8	1946	1946	NUM
ajfa-3411	55	9	-	-	PUNCT
ajfa-3411	55	10	052x	052x	NOUN
ajfa-3411	55	11	2013	2013	NUM
ajfa-3411	55	12	,	,	PUNCT
ajfa-3411	55	13	vol	vol	NOUN
ajfa-3411	55	14	.	.	PROPN
ajfa-3411	55	15	5	5	NUM
ajfa-3411	55	16	,	,	PUNCT
ajfa-3411	55	17	no	no	INTJ
ajfa-3411	55	18	.	.	NOUN
ajfa-3411	55	19	1	1	NUM
ajfa-3411	55	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	55	21	131	131	NUM
ajfa-3411	55	22	table	table	NOUN
ajfa-3411	55	23	1	1	NUM
ajfa-3411	55	24	.	.	PUNCT
ajfa-3411	55	25	estimating	estimate	VERB
ajfa-3411	55	26	beta	beta	ADJ
ajfa-3411	55	27	results	result	NOUN
ajfa-3411	55	28	for	for	ADP
ajfa-3411	55	29	four	four	NUM
ajfa-3411	55	30	(	(	PUNCT
ajfa-3411	55	31	4	4	NUM
ajfa-3411	55	32	)	)	PUNCT
ajfa-3411	55	33	viet	viet	NOUN
ajfa-3411	55	34	nam	nam	NOUN
ajfa-3411	55	35	listed	list	VERB
ajfa-3411	55	36	computer	computer	NOUN
ajfa-3411	55	37	and	and	CCONJ
ajfa-3411	55	38	electrical	electrical	ADJ
ajfa-3411	55	39	companies	company	NOUN
ajfa-3411	55	40	groups	group	NOUN
ajfa-3411	55	41	(	(	PUNCT
ajfa-3411	55	42	as	as	ADP
ajfa-3411	55	43	of	of	ADP
ajfa-3411	55	44	dec	dec	PROPN
ajfa-3411	55	45	2012	2012	NUM
ajfa-3411	55	46	)	)	PUNCT
ajfa-3411	55	47	statistic	statistic	NOUN
ajfa-3411	55	48	results	result	VERB
ajfa-3411	55	49	equity	equity	NOUN
ajfa-3411	55	50	beta	beta	NOUN
ajfa-3411	55	51	asset	asset	NOUN
ajfa-3411	55	52	beta	beta	NOUN
ajfa-3411	55	53	(	(	PUNCT
ajfa-3411	55	54	assume	assume	VERB
ajfa-3411	55	55	debt	debt	NOUN
ajfa-3411	55	56	beta	beta	NOUN
ajfa-3411	55	57	=	=	SYM
ajfa-3411	55	58	0	0	NUM
ajfa-3411	55	59	)	)	PUNCT
ajfa-3411	55	60	difference	difference	NOUN
ajfa-3411	55	61	max	max	PROPN
ajfa-3411	55	62	2,056	2,056	NUM
ajfa-3411	55	63	1,941	1,941	NUM
ajfa-3411	56	1	0,1148	0,1148	NOUN
ajfa-3411	56	2	min	min	NOUN
ajfa-3411	56	3	-0,524	-0,524	PROPN
ajfa-3411	56	4	-0,251	-0,251	NOUN
ajfa-3411	56	5	-0,2732	-0,2732	PROPN
ajfa-3411	56	6	mean	mean	NOUN
ajfa-3411	56	7	0,690	0,690	NUM
ajfa-3411	57	1	0,415	0,415	NUM
ajfa-3411	57	2	0,2749	0,2749	NOUN
ajfa-3411	57	3	var	var	PROPN
ajfa-3411	57	4	0,1804	0,1804	PROPN
ajfa-3411	57	5	0,1201	0,1201	NOUN
ajfa-3411	57	6	0,0604	0,0604	NUM
ajfa-3411	57	7	note	note	NOUN
ajfa-3411	57	8	:	:	PUNCT
ajfa-3411	57	9	sample	sample	NOUN
ajfa-3411	57	10	size	size	NOUN
ajfa-3411	57	11	:	:	PUNCT
ajfa-3411	57	12	64	64	NUM
ajfa-3411	57	13	source	source	NOUN
ajfa-3411	57	14	:	:	PUNCT
ajfa-3411	57	15	viet	viet	PROPN
ajfa-3411	57	16	nam	nam	PROPN
ajfa-3411	57	17	stock	stock	PROPN
ajfa-3411	57	18	exchange	exchange	PROPN
ajfa-3411	57	19	data	datum	NOUN
ajfa-3411	57	20	table	table	NOUN
ajfa-3411	57	21	2	2	NUM
ajfa-3411	57	22	.	.	PUNCT
ajfa-3411	58	1	the	the	DET
ajfa-3411	58	2	number	number	NOUN
ajfa-3411	58	3	of	of	ADP
ajfa-3411	58	4	companies	company	NOUN
ajfa-3411	58	5	in	in	ADP
ajfa-3411	58	6	research	research	NOUN
ajfa-3411	58	7	sample	sample	NOUN
ajfa-3411	58	8	with	with	ADP
ajfa-3411	58	9	different	different	ADJ
ajfa-3411	58	10	beta	beta	ADJ
ajfa-3411	58	11	values	value	NOUN
ajfa-3411	58	12	and	and	CCONJ
ajfa-3411	58	13	financial	financial	ADJ
ajfa-3411	58	14	leverage	leverage	NOUN
ajfa-3411	58	15	beta	beta	NOUN
ajfa-3411	58	16	no	no	NOUN
ajfa-3411	58	17	.	.	PUNCT
ajfa-3411	58	18	of	of	ADP
ajfa-3411	58	19	firms	firm	NOUN
ajfa-3411	58	20	financial	financial	ADJ
ajfa-3411	58	21	leverage	leverage	NOUN
ajfa-3411	58	22	(	(	PUNCT
ajfa-3411	58	23	average	average	ADJ
ajfa-3411	58	24	)	)	PUNCT
ajfa-3411	58	25	ratio	ratio	NOUN
ajfa-3411	58	26	<	<	X
ajfa-3411	58	27	0	0	NUM
ajfa-3411	58	28	2	2	NUM
ajfa-3411	58	29	41,29	41,29	NUM
ajfa-3411	58	30	%	%	NOUN
ajfa-3411	58	31	3	3	NUM
ajfa-3411	58	32	%	%	NOUN
ajfa-3411	58	33	0	0	NUM
ajfa-3411	58	34	<	<	NOUN
ajfa-3411	58	35	beta<1	beta<1	NOUN
ajfa-3411	58	36	45	45	NUM
ajfa-3411	58	37	47,67	47,67	NUM
ajfa-3411	58	38	%	%	NOUN
ajfa-3411	58	39	70	70	NUM
ajfa-3411	58	40	%	%	NOUN
ajfa-3411	58	41	beta	beta	NOUN
ajfa-3411	58	42	>	>	X
ajfa-3411	58	43	1	1	NUM
ajfa-3411	58	44	17	17	NUM
ajfa-3411	58	45	36,88	36,88	NUM
ajfa-3411	58	46	%	%	NOUN
ajfa-3411	58	47	27	27	NUM
ajfa-3411	58	48	%	%	NOUN
ajfa-3411	58	49	total	total	NOUN
ajfa-3411	58	50	64	64	NUM
ajfa-3411	58	51	44,4	44,4	NUM
ajfa-3411	58	52	%	%	NOUN
ajfa-3411	58	53	100	100	NUM
ajfa-3411	58	54	%	%	NOUN
ajfa-3411	58	55	7	7	NUM
ajfa-3411	58	56	.	.	PUNCT
ajfa-3411	58	57	empirical	empirical	ADJ
ajfa-3411	58	58	research	research	NOUN
ajfa-3411	58	59	findings	finding	NOUN
ajfa-3411	58	60	and	and	CCONJ
ajfa-3411	58	61	discussion	discussion	NOUN
ajfa-3411	58	62	a	a	DET
ajfa-3411	58	63	-	-	PUNCT
ajfa-3411	58	64	electrical	electrical	ADJ
ajfa-3411	58	65	and	and	CCONJ
ajfa-3411	58	66	electronic	electronic	ADJ
ajfa-3411	58	67	listed	list	VERB
ajfa-3411	58	68	companies	company	NOUN
ajfa-3411	58	69	group	group	NOUN
ajfa-3411	58	70	during	during	ADP
ajfa-3411	58	71	the	the	DET
ajfa-3411	58	72	crisis	crisis	NOUN
ajfa-3411	58	73	2007	2007	NUM
ajfa-3411	58	74	-	-	SYM
ajfa-3411	58	75	2011	2011	NUM
ajfa-3411	58	76	,	,	PUNCT
ajfa-3411	58	77	the	the	DET
ajfa-3411	58	78	market	market	NOUN
ajfa-3411	58	79	for	for	ADP
ajfa-3411	58	80	these	these	DET
ajfa-3411	58	81	companies	company	NOUN
ajfa-3411	58	82	still	still	ADV
ajfa-3411	58	83	exists	exist	VERB
ajfa-3411	58	84	,	,	PUNCT
ajfa-3411	58	85	but	but	CCONJ
ajfa-3411	58	86	has	have	VERB
ajfa-3411	58	87	certain	certain	ADJ
ajfa-3411	58	88	difficulties	difficulty	NOUN
ajfa-3411	58	89	.	.	PUNCT
ajfa-3411	59	1	demand	demand	NOUN
ajfa-3411	59	2	for	for	ADP
ajfa-3411	59	3	cable	cable	NOUN
ajfa-3411	59	4	and	and	CCONJ
ajfa-3411	59	5	electrical	electrical	ADJ
ajfa-3411	59	6	wire	wire	NOUN
ajfa-3411	59	7	decreases	decrease	NOUN
ajfa-3411	59	8	whereas	whereas	SCONJ
ajfa-3411	59	9	demand	demand	NOUN
ajfa-3411	59	10	for	for	ADP
ajfa-3411	59	11	optical	optical	ADJ
ajfa-3411	59	12	cable	cable	NOUN
ajfa-3411	59	13	is	be	AUX
ajfa-3411	59	14	still	still	ADV
ajfa-3411	59	15	good	good	ADJ
ajfa-3411	59	16	.	.	PUNCT
ajfa-3411	60	1	some	some	DET
ajfa-3411	60	2	companies	company	NOUN
ajfa-3411	60	3	have	have	VERB
ajfa-3411	60	4	to	to	PART
ajfa-3411	60	5	seek	seek	VERB
ajfa-3411	60	6	foreign	foreign	ADJ
ajfa-3411	60	7	partners	partner	NOUN
ajfa-3411	60	8	and	and	CCONJ
ajfa-3411	60	9	markets	market	NOUN
ajfa-3411	60	10	.	.	PUNCT
ajfa-3411	61	1	from	from	ADP
ajfa-3411	61	2	the	the	DET
ajfa-3411	61	3	table	table	NOUN
ajfa-3411	61	4	3	3	NUM
ajfa-3411	61	5	below	below	ADV
ajfa-3411	61	6	,	,	PUNCT
ajfa-3411	61	7	from	from	ADP
ajfa-3411	61	8	data	datum	NOUN
ajfa-3411	61	9	of	of	ADP
ajfa-3411	61	10	18	18	NUM
ajfa-3411	61	11	electrical	electrical	ADJ
ajfa-3411	61	12	/	/	SYM
ajfa-3411	61	13	electronic	electronic	ADJ
ajfa-3411	61	14	industry	industry	NOUN
ajfa-3411	61	15	companies	company	NOUN
ajfa-3411	61	16	during	during	ADP
ajfa-3411	61	17	2007	2007	NUM
ajfa-3411	61	18	-	-	SYM
ajfa-3411	61	19	2011	2011	NUM
ajfa-3411	61	20	crisis	crisis	NOUN
ajfa-3411	61	21	periods	period	NOUN
ajfa-3411	61	22	,	,	PUNCT
ajfa-3411	61	23	the	the	DET
ajfa-3411	61	24	variance	variance	NOUN
ajfa-3411	61	25	of	of	ADP
ajfa-3411	61	26	equity	equity	NOUN
ajfa-3411	61	27	and	and	CCONJ
ajfa-3411	61	28	asset	asset	NOUN
ajfa-3411	61	29	beta	beta	NOUN
ajfa-3411	61	30	of	of	ADP
ajfa-3411	61	31	sample	sample	NOUN
ajfa-3411	61	32	group	group	NOUN
ajfa-3411	61	33	equals	equal	VERB
ajfa-3411	61	34	to	to	PART
ajfa-3411	61	35	0,1749	0,1749	VERB
ajfa-3411	61	36	and	and	CCONJ
ajfa-3411	61	37	0,07	0,07	PRON
ajfa-3411	61	38	accordingly	accordingly	ADV
ajfa-3411	61	39	which	which	PRON
ajfa-3411	61	40	lower	low	ADJ
ajfa-3411	61	41	than	than	ADP
ajfa-3411	61	42	the	the	DET
ajfa-3411	61	43	variance	variance	NOUN
ajfa-3411	61	44	of	of	ADP
ajfa-3411	61	45	the	the	DET
ajfa-3411	61	46	entire	entire	ADJ
ajfa-3411	61	47	sample	sample	NOUN
ajfa-3411	61	48	equity	equity	NOUN
ajfa-3411	61	49	and	and	CCONJ
ajfa-3411	61	50	asset	asset	NOUN
ajfa-3411	61	51	beta	beta	NOUN
ajfa-3411	61	52	of	of	ADP
ajfa-3411	61	53	0,1804	0,1804	NOUN
ajfa-3411	61	54	and	and	CCONJ
ajfa-3411	61	55	0,1201	0,1201	NOUN
ajfa-3411	61	56	.	.	PUNCT
ajfa-3411	62	1	the	the	DET
ajfa-3411	62	2	beta	beta	NOUN
ajfa-3411	62	3	mean	mean	NOUN
ajfa-3411	62	4	values	value	NOUN
ajfa-3411	62	5	are	be	AUX
ajfa-3411	62	6	0,626	0,626	NUM
ajfa-3411	62	7	and	and	CCONJ
ajfa-3411	62	8	0,327	0,327	NUM
ajfa-3411	62	9	,	,	PUNCT
ajfa-3411	62	10	lower	low	ADJ
ajfa-3411	62	11	than	than	ADP
ajfa-3411	62	12	(	(	PUNCT
ajfa-3411	62	13	<	<	X
ajfa-3411	62	14	)	)	PUNCT
ajfa-3411	62	15	1	1	NUM
ajfa-3411	62	16	,	,	PUNCT
ajfa-3411	62	17	which	which	PRON
ajfa-3411	62	18	indicates	indicate	VERB
ajfa-3411	62	19	the	the	DET
ajfa-3411	62	20	low	low	ADJ
ajfa-3411	62	21	risk	risk	NOUN
ajfa-3411	62	22	level	level	NOUN
ajfa-3411	62	23	for	for	ADP
ajfa-3411	62	24	electrical	electrical	ADJ
ajfa-3411	62	25	/	/	SYM
ajfa-3411	62	26	electronic	electronic	ADJ
ajfa-3411	62	27	companies	company	NOUN
ajfa-3411	62	28	.	.	PUNCT
ajfa-3411	63	1	reasons	reason	NOUN
ajfa-3411	63	2	include	include	VERB
ajfa-3411	63	3	the	the	DET
ajfa-3411	63	4	high	high	ADJ
ajfa-3411	63	5	demand	demand	NOUN
ajfa-3411	63	6	of	of	ADP
ajfa-3411	63	7	accommodation	accommodation	NOUN
ajfa-3411	63	8	,	,	PUNCT
ajfa-3411	63	9	housing	housing	NOUN
ajfa-3411	63	10	and	and	CCONJ
ajfa-3411	63	11	leasing	leasing	NOUN
ajfa-3411	63	12	in	in	ADP
ajfa-3411	63	13	a	a	DET
ajfa-3411	63	14	developing	develop	VERB
ajfa-3411	63	15	country	country	NOUN
ajfa-3411	63	16	,	,	PUNCT
ajfa-3411	63	17	viet	viet	PROPN
ajfa-3411	63	18	nam	nam	PROPN
ajfa-3411	63	19	.	.	PUNCT
ajfa-3411	64	1	we	we	PRON
ajfa-3411	64	2	might	might	AUX
ajfa-3411	64	3	note	note	VERB
ajfa-3411	64	4	that	that	SCONJ
ajfa-3411	64	5	equity	equity	NOUN
ajfa-3411	64	6	and	and	CCONJ
ajfa-3411	64	7	asset	asset	NOUN
ajfa-3411	64	8	beta	beta	NOUN
ajfa-3411	64	9	values	value	NOUN
ajfa-3411	64	10	of	of	ADP
ajfa-3411	64	11	18	18	NUM
ajfa-3411	64	12	firms	firm	NOUN
ajfa-3411	64	13	in	in	ADP
ajfa-3411	64	14	this	this	DET
ajfa-3411	64	15	category	category	NOUN
ajfa-3411	64	16	are	be	AUX
ajfa-3411	64	17	lower	low	ADJ
ajfa-3411	64	18	than	than	ADP
ajfa-3411	64	19	those	those	PRON
ajfa-3411	64	20	of	of	ADP
ajfa-3411	64	21	firms	firm	NOUN
ajfa-3411	64	22	in	in	ADP
ajfa-3411	64	23	the	the	DET
ajfa-3411	64	24	rest	rest	NOUN
ajfa-3411	64	25	three	three	NUM
ajfa-3411	64	26	(	(	PUNCT
ajfa-3411	64	27	3	3	NUM
ajfa-3411	64	28	)	)	PUNCT
ajfa-3411	64	29	groups	group	NOUN
ajfa-3411	64	30	.	.	PUNCT
ajfa-3411	65	1	although	although	SCONJ
ajfa-3411	65	2	lending	lending	NOUN
ajfa-3411	65	3	organizations	organization	NOUN
ajfa-3411	65	4	can	can	AUX
ajfa-3411	65	5	not	not	PART
ajfa-3411	65	6	reduce	reduce	VERB
ajfa-3411	65	7	borrowing	borrowing	NOUN
ajfa-3411	65	8	costs	cost	NOUN
ajfa-3411	65	9	immediately	immediately	ADV
ajfa-3411	65	10	,	,	PUNCT
ajfa-3411	65	11	and	and	CCONJ
ajfa-3411	65	12	this	this	DET
ajfa-3411	65	13	threats	threat	VERB
ajfa-3411	65	14	the	the	DET
ajfa-3411	65	15	cost	cost	NOUN
ajfa-3411	65	16	of	of	ADP
ajfa-3411	65	17	capital	capital	NOUN
ajfa-3411	65	18	of	of	ADP
ajfa-3411	65	19	these	these	DET
ajfa-3411	65	20	companies	company	NOUN
ajfa-3411	65	21	,	,	PUNCT
ajfa-3411	65	22	the	the	DET
ajfa-3411	65	23	good	good	ADJ
ajfa-3411	65	24	market	market	NOUN
ajfa-3411	65	25	and	and	CCONJ
ajfa-3411	65	26	management	management	NOUN
ajfa-3411	65	27	can	can	AUX
ajfa-3411	65	28	be	be	AUX
ajfa-3411	65	29	critical	critical	ADJ
ajfa-3411	65	30	factors	factor	NOUN
ajfa-3411	65	31	to	to	PART
ajfa-3411	65	32	explain	explain	VERB
ajfa-3411	65	33	this	this	DET
ajfa-3411	65	34	phenomenon	phenomenon	NOUN
ajfa-3411	65	35	.	.	PUNCT
ajfa-3411	66	1	besides	besides	SCONJ
ajfa-3411	66	2	,	,	PUNCT
ajfa-3411	66	3	the	the	DET
ajfa-3411	66	4	estimated	estimate	VERB
ajfa-3411	66	5	equity	equity	NOUN
ajfa-3411	66	6	beta	beta	NOUN
ajfa-3411	66	7	mean	mean	NOUN
ajfa-3411	66	8	is	be	AUX
ajfa-3411	66	9	0,626	0,626	NUM
ajfa-3411	66	10	and	and	CCONJ
ajfa-3411	66	11	sample	sample	NOUN
ajfa-3411	66	12	variance	variance	NOUN
ajfa-3411	66	13	is	be	AUX
ajfa-3411	66	14	0,1749	0,1749	NOUN
ajfa-3411	66	15	,	,	PUNCT
ajfa-3411	66	16	which	which	PRON
ajfa-3411	66	17	is	be	AUX
ajfa-3411	66	18	not	not	PART
ajfa-3411	66	19	supporting	support	VERB
ajfa-3411	66	20	our	our	PRON
ajfa-3411	66	21	2nd	2nd	ADJ
ajfa-3411	66	22	research	research	NOUN
ajfa-3411	66	23	hypothesis	hypothesis	NOUN
ajfa-3411	66	24	or	or	CCONJ
ajfa-3411	66	25	issue	issue	NOUN
ajfa-3411	66	26	that	that	SCONJ
ajfa-3411	66	27	there	there	PRON
ajfa-3411	66	28	would	would	AUX
ajfa-3411	66	29	be	be	AUX
ajfa-3411	66	30	a	a	DET
ajfa-3411	66	31	large	large	ADJ
ajfa-3411	66	32	disperse	disperse	NOUN
ajfa-3411	66	33	distribution	distribution	NOUN
ajfa-3411	66	34	in	in	ADP
ajfa-3411	66	35	beta	beta	ADJ
ajfa-3411	66	36	values	value	NOUN
ajfa-3411	66	37	estimated	estimate	VERB
ajfa-3411	66	38	in	in	ADP
ajfa-3411	66	39	this	this	DET
ajfa-3411	66	40	industry	industry	NOUN
ajfa-3411	66	41	as	as	ADV
ajfa-3411	66	42	well	well	ADV
ajfa-3411	66	43	as	as	ADP
ajfa-3411	66	44	our	our	PRON
ajfa-3411	66	45	3rd	3rd	ADJ
ajfa-3411	66	46	research	research	NOUN
ajfa-3411	66	47	hypothesis	hypothesis	NOUN
ajfa-3411	66	48	or	or	CCONJ
ajfa-3411	66	49	issue	issue	NOUN
ajfa-3411	66	50	that	that	SCONJ
ajfa-3411	66	51	the	the	DET
ajfa-3411	66	52	mean	mean	NOUN
ajfa-3411	66	53	of	of	ADP
ajfa-3411	66	54	equity	equity	NOUN
ajfa-3411	66	55	and	and	CCONJ
ajfa-3411	66	56	asset	asset	NOUN
ajfa-3411	66	57	beta	beta	NOUN
ajfa-3411	66	58	values	value	NOUN
ajfa-3411	66	59	of	of	ADP
ajfa-3411	66	60	these	these	DET
ajfa-3411	66	61	listed	list	VERB
ajfa-3411	66	62	companies	company	NOUN
ajfa-3411	66	63	tend	tend	VERB
ajfa-3411	66	64	to	to	PART
ajfa-3411	66	65	impose	impose	VERB
ajfa-3411	66	66	a	a	DET
ajfa-3411	66	67	high	high	ADJ
ajfa-3411	66	68	risk	risk	NOUN
ajfa-3411	66	69	level	level	NOUN
ajfa-3411	66	70	or	or	CCONJ
ajfa-3411	66	71	beta	beta	NOUN
ajfa-3411	66	72	should	should	AUX
ajfa-3411	66	73	higher	high	ADJ
ajfa-3411	66	74	than	than	ADP
ajfa-3411	66	75	(	(	PUNCT
ajfa-3411	66	76	>	>	PUNCT
ajfa-3411	66	77	)	)	PUNCT
ajfa-3411	66	78	1	1	NUM
ajfa-3411	66	79	.	.	X
ajfa-3411	66	80	asian	asian	ADJ
ajfa-3411	66	81	journal	journal	PROPN
ajfa-3411	66	82	of	of	ADP
ajfa-3411	66	83	finance	finance	PROPN
ajfa-3411	66	84	&	&	CCONJ
ajfa-3411	66	85	accounting	accounting	PROPN
ajfa-3411	66	86	issn	issn	PROPN
ajfa-3411	66	87	1946	1946	NUM
ajfa-3411	66	88	-	-	PUNCT
ajfa-3411	66	89	052x	052x	NOUN
ajfa-3411	66	90	2013	2013	NUM
ajfa-3411	66	91	,	,	PUNCT
ajfa-3411	66	92	vol	vol	NOUN
ajfa-3411	66	93	.	.	PROPN
ajfa-3411	66	94	5	5	NUM
ajfa-3411	66	95	,	,	PUNCT
ajfa-3411	66	96	no	no	INTJ
ajfa-3411	66	97	.	.	NOUN
ajfa-3411	66	98	1	1	NUM
ajfa-3411	66	99	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	66	100	132	132	NUM
ajfa-3411	66	101	table	table	NOUN
ajfa-3411	66	102	3	3	NUM
ajfa-3411	66	103	.	.	PUNCT
ajfa-3411	66	104	estimating	estimate	VERB
ajfa-3411	66	105	beta	beta	ADJ
ajfa-3411	66	106	results	result	NOUN
ajfa-3411	66	107	for	for	ADP
ajfa-3411	66	108	viet	viet	PROPN
ajfa-3411	66	109	nam	nam	PROPN
ajfa-3411	66	110	listed	list	VERB
ajfa-3411	66	111	electrical	electrical	ADJ
ajfa-3411	66	112	and	and	CCONJ
ajfa-3411	66	113	electronic	electronic	ADJ
ajfa-3411	66	114	equipment	equipment	NOUN
ajfa-3411	66	115	companies	company	NOUN
ajfa-3411	66	116	(	(	PUNCT
ajfa-3411	66	117	as	as	ADP
ajfa-3411	66	118	of	of	ADP
ajfa-3411	66	119	dec	dec	PROPN
ajfa-3411	66	120	2012	2012	NUM
ajfa-3411	66	121	)	)	PUNCT
ajfa-3411	66	122	(	(	PUNCT
ajfa-3411	66	123	source	source	NOUN
ajfa-3411	66	124	:	:	PUNCT
ajfa-3411	66	125	viet	viet	PROPN
ajfa-3411	66	126	nam	nam	PROPN
ajfa-3411	66	127	stock	stock	PROPN
ajfa-3411	66	128	exchange	exchange	PROPN
ajfa-3411	66	129	data	datum	NOUN
ajfa-3411	66	130	)	)	PUNCT
ajfa-3411	66	131	order	order	NOUN
ajfa-3411	66	132	no	no	NOUN
ajfa-3411	66	133	.	.	PUNCT
ajfa-3411	67	1	company	company	NOUN
ajfa-3411	67	2	stock	stock	PROPN
ajfa-3411	67	3	code	code	PROPN
ajfa-3411	67	4	equity	equity	PROPN
ajfa-3411	67	5	beta	beta	PROPN
ajfa-3411	67	6	asset	asset	NOUN
ajfa-3411	67	7	beta	beta	NOUN
ajfa-3411	67	8	(	(	PUNCT
ajfa-3411	67	9	assume	assume	VERB
ajfa-3411	67	10	debt	debt	NOUN
ajfa-3411	67	11	beta	beta	NOUN
ajfa-3411	67	12	=	=	SYM
ajfa-3411	67	13	0	0	X
ajfa-3411	67	14	)	)	PUNCT
ajfa-3411	67	15	note	note	NOUN
ajfa-3411	67	16	1	1	NUM
ajfa-3411	67	17	tsb	tsb	NOUN
ajfa-3411	67	18	0,376	0,376	NUM
ajfa-3411	67	19	0,102	0,102	NUM
ajfa-3411	67	20	2	2	NUM
ajfa-3411	67	21	bth	bth	NOUN
ajfa-3411	67	22	0,701	0,701	NUM
ajfa-3411	67	23	0,465	0,465	NUM
ajfa-3411	67	24	3	3	NUM
ajfa-3411	67	25	dzm	dzm	VERB
ajfa-3411	67	26	1,372	1,372	NUM
ajfa-3411	67	27	0,551	0,551	NUM
ajfa-3411	67	28	4	4	NUM
ajfa-3411	67	29	dvh	dvh	NOUN
ajfa-3411	67	30	0,136	0,136	NUM
ajfa-3411	67	31	0,041	0,041	NUM
ajfa-3411	67	32	tsb	tsb	VERB
ajfa-3411	67	33	as	as	ADP
ajfa-3411	67	34	comparable	comparable	ADJ
ajfa-3411	67	35	5	5	NUM
ajfa-3411	67	36	lgc	lgc	ADJ
ajfa-3411	67	37	0,890	0,890	NUM
ajfa-3411	67	38	0,361	0,361	NUM
ajfa-3411	67	39	6	6	NUM
ajfa-3411	67	40	cjc	cjc	PROPN
ajfa-3411	67	41	0,587	0,587	NUM
ajfa-3411	67	42	0,091	0,091	NUM
ajfa-3411	67	43	7	7	NUM
ajfa-3411	67	44	tya	tya	PROPN
ajfa-3411	67	45	1,145	1,145	NUM
ajfa-3411	67	46	0,359	0,359	NUM
ajfa-3411	67	47	8	8	NUM
ajfa-3411	67	48	pps	pps	NOUN
ajfa-3411	67	49	0,092	0,092	NUM
ajfa-3411	67	50	0,007	0,007	NUM
ajfa-3411	67	51	cmg	cmg	NOUN
ajfa-3411	67	52	as	as	ADP
ajfa-3411	67	53	comparable	comparable	ADJ
ajfa-3411	67	54	9	9	NUM
ajfa-3411	67	55	glt	glt	PROPN
ajfa-3411	67	56	0,687	0,687	NUM
ajfa-3411	67	57	0,482	0,482	NUM
ajfa-3411	67	58	10	10	NUM
ajfa-3411	67	59	nag	nag	VERB
ajfa-3411	67	60	1,220	1,220	NUM
ajfa-3411	67	61	0,472	0,472	NUM
ajfa-3411	67	62	11	11	NUM
ajfa-3411	67	63	nhw	nhw	NOUN
ajfa-3411	67	64	0,225	0,225	NUM
ajfa-3411	67	65	0,087	0,087	NUM
ajfa-3411	67	66	12	12	NUM
ajfa-3411	67	67	fba	fba	PROPN
ajfa-3411	67	68	0,543	0,543	NUM
ajfa-3411	67	69	0,390	0,390	NUM
ajfa-3411	67	70	bth	bth	NOUN
ajfa-3411	67	71	as	as	ADP
ajfa-3411	67	72	comparable	comparable	ADJ
ajfa-3411	67	73	13	13	NUM
ajfa-3411	67	74	sma	sma	NOUN
ajfa-3411	67	75	0,039	0,039	NUM
ajfa-3411	67	76	0,005	0,005	NUM
ajfa-3411	67	77	nhw	nhw	VERB
ajfa-3411	67	78	as	as	ADP
ajfa-3411	67	79	comparable	comparable	ADJ
ajfa-3411	67	80	14	14	NUM
ajfa-3411	67	81	tie	tie	NOUN
ajfa-3411	67	82	0,620	0,620	NUM
ajfa-3411	67	83	0,489	0,489	NUM
ajfa-3411	67	84	15	15	NUM
ajfa-3411	67	85	tgp	tgp	NOUN
ajfa-3411	67	86	0,349	0,349	NUM
ajfa-3411	67	87	0,121	0,121	NUM
ajfa-3411	67	88	16	16	NUM
ajfa-3411	67	89	vhg	vhg	NOUN
ajfa-3411	67	90	1,206	1,206	NUM
ajfa-3411	67	91	0,953	0,953	NUM
ajfa-3411	67	92	17	17	NUM
ajfa-3411	67	93	vbh	vbh	NOUN
ajfa-3411	67	94	0,239	0,239	NUM
ajfa-3411	67	95	0,206	0,206	NUM
ajfa-3411	67	96	18	18	NUM
ajfa-3411	67	97	csg	csg	NOUN
ajfa-3411	67	98	0,851	0,851	NUM
ajfa-3411	67	99	0,706	0,706	NUM
ajfa-3411	67	100	note	note	NOUN
ajfa-3411	67	101	:	:	PUNCT
ajfa-3411	67	102	raw	raw	ADJ
ajfa-3411	67	103	data	datum	NOUN
ajfa-3411	67	104	,	,	PUNCT
ajfa-3411	67	105	not	not	PART
ajfa-3411	67	106	adjusted	adjust	VERB
ajfa-3411	67	107	table	table	NOUN
ajfa-3411	67	108	4	4	NUM
ajfa-3411	67	109	.	.	PUNCT
ajfa-3411	67	110	statistical	statistical	ADJ
ajfa-3411	67	111	results	result	NOUN
ajfa-3411	67	112	for	for	ADP
ajfa-3411	67	113	vietnam	vietnam	NOUN
ajfa-3411	67	114	listed	list	VERB
ajfa-3411	67	115	electrical	electrical	ADJ
ajfa-3411	67	116	and	and	CCONJ
ajfa-3411	67	117	electronic	electronic	ADJ
ajfa-3411	67	118	equipment	equipment	NOUN
ajfa-3411	67	119	companies	company	NOUN
ajfa-3411	67	120	statistic	statistic	VERB
ajfa-3411	67	121	results	result	VERB
ajfa-3411	67	122	equity	equity	NOUN
ajfa-3411	67	123	beta	beta	NOUN
ajfa-3411	67	124	asset	asset	NOUN
ajfa-3411	67	125	beta	beta	NOUN
ajfa-3411	67	126	(	(	PUNCT
ajfa-3411	67	127	assume	assume	VERB
ajfa-3411	67	128	debt	debt	NOUN
ajfa-3411	67	129	beta	beta	NOUN
ajfa-3411	68	1	=	=	SYM
ajfa-3411	68	2	0	0	NUM
ajfa-3411	68	3	)	)	PUNCT
ajfa-3411	68	4	max	max	PROPN
ajfa-3411	68	5	1,372	1,372	NUM
ajfa-3411	68	6	0,953	0,953	NUM
ajfa-3411	68	7	min	min	NOUN
ajfa-3411	68	8	0,039	0,039	NUM
ajfa-3411	68	9	0,005	0,005	NUM
ajfa-3411	68	10	mean	mean	NOUN
ajfa-3411	69	1	0,626	0,626	NUM
ajfa-3411	69	2	0,327	0,327	NUM
ajfa-3411	69	3	var	var	NOUN
ajfa-3411	69	4	0,1749	0,1749	NOUN
ajfa-3411	69	5	0,0700	0,0700	NOUN
ajfa-3411	69	6	note	note	VERB
ajfa-3411	69	7	:	:	PUNCT
ajfa-3411	69	8	sample	sample	NOUN
ajfa-3411	69	9	size	size	NOUN
ajfa-3411	69	10	:	:	PUNCT
ajfa-3411	69	11	18	18	NUM
ajfa-3411	69	12	bsoftware	bsoftware	NOUN
ajfa-3411	69	13	listed	list	VERB
ajfa-3411	69	14	companies	company	NOUN
ajfa-3411	69	15	group	group	NOUN
ajfa-3411	69	16	in	in	ADP
ajfa-3411	69	17	an	an	DET
ajfa-3411	69	18	emerging	emerge	VERB
ajfa-3411	69	19	market	market	NOUN
ajfa-3411	69	20	such	such	ADJ
ajfa-3411	69	21	as	as	ADP
ajfa-3411	69	22	viet	viet	PROPN
ajfa-3411	69	23	nam	nam	PROPN
ajfa-3411	69	24	,	,	PUNCT
ajfa-3411	69	25	the	the	DET
ajfa-3411	69	26	market	market	NOUN
ajfa-3411	69	27	for	for	ADP
ajfa-3411	69	28	software	software	NOUN
ajfa-3411	69	29	firms	firm	NOUN
ajfa-3411	69	30	is	be	AUX
ajfa-3411	69	31	definitely	definitely	ADV
ajfa-3411	69	32	potential	potential	ADJ
ajfa-3411	69	33	,	,	PUNCT
ajfa-3411	69	34	though	though	SCONJ
ajfa-3411	69	35	it	it	PRON
ajfa-3411	69	36	may	may	AUX
ajfa-3411	69	37	be	be	AUX
ajfa-3411	69	38	affected	affect	VERB
ajfa-3411	69	39	by	by	ADP
ajfa-3411	69	40	impacts	impact	NOUN
ajfa-3411	69	41	from	from	ADP
ajfa-3411	69	42	the	the	DET
ajfa-3411	69	43	financial	financial	ADJ
ajfa-3411	69	44	crisis	crisis	NOUN
ajfa-3411	69	45	.	.	PUNCT
ajfa-3411	70	1	the	the	DET
ajfa-3411	70	2	table	table	NOUN
ajfa-3411	70	3	5	5	NUM
ajfa-3411	70	4	below	below	ADV
ajfa-3411	70	5	shows	show	VERB
ajfa-3411	70	6	us	we	PRON
ajfa-3411	70	7	the	the	DET
ajfa-3411	70	8	equity	equity	NOUN
ajfa-3411	70	9	and	and	CCONJ
ajfa-3411	70	10	asset	asset	NOUN
ajfa-3411	70	11	beta	beta	NOUN
ajfa-3411	70	12	mean	mean	NOUN
ajfa-3411	70	13	of	of	ADP
ajfa-3411	70	14	6	6	NUM
ajfa-3411	70	15	listed	list	VERB
ajfa-3411	70	16	software	software	NOUN
ajfa-3411	70	17	companies	company	NOUN
ajfa-3411	70	18	equals	equal	VERB
ajfa-3411	70	19	to	to	ADP
ajfa-3411	70	20	0,725	0,725	NUM
ajfa-3411	70	21	and	and	CCONJ
ajfa-3411	70	22	0,445	0,445	NOUN
ajfa-3411	70	23	,	,	PUNCT
ajfa-3411	70	24	accordingly	accordingly	ADV
ajfa-3411	70	25	.	.	PUNCT
ajfa-3411	71	1	this	this	DET
ajfa-3411	71	2	result	result	NOUN
ajfa-3411	71	3	,	,	PUNCT
ajfa-3411	71	4	which	which	PRON
ajfa-3411	71	5	means	mean	VERB
ajfa-3411	71	6	the	the	DET
ajfa-3411	71	7	risk	risk	NOUN
ajfa-3411	71	8	is	be	AUX
ajfa-3411	71	9	acceptable	acceptable	ADJ
ajfa-3411	71	10	asian	asian	ADJ
ajfa-3411	71	11	journal	journal	NOUN
ajfa-3411	71	12	of	of	ADP
ajfa-3411	71	13	finance	finance	PROPN
ajfa-3411	71	14	&	&	CCONJ
ajfa-3411	71	15	accounting	accounting	PROPN
ajfa-3411	71	16	issn	issn	PROPN
ajfa-3411	71	17	1946	1946	NUM
ajfa-3411	71	18	-	-	PUNCT
ajfa-3411	71	19	052x	052x	NOUN
ajfa-3411	71	20	2013	2013	NUM
ajfa-3411	71	21	,	,	PUNCT
ajfa-3411	71	22	vol	vol	NOUN
ajfa-3411	71	23	.	.	PROPN
ajfa-3411	71	24	5	5	NUM
ajfa-3411	71	25	,	,	PUNCT
ajfa-3411	71	26	no	no	INTJ
ajfa-3411	71	27	.	.	NOUN
ajfa-3411	71	28	1	1	NUM
ajfa-3411	71	29	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	71	30	133	133	NUM
ajfa-3411	71	31	although	although	SCONJ
ajfa-3411	71	32	they	they	PRON
ajfa-3411	71	33	are	be	AUX
ajfa-3411	71	34	a	a	DET
ajfa-3411	71	35	little	little	ADJ
ajfa-3411	71	36	bit	bit	NOUN
ajfa-3411	71	37	higher	high	ADJ
ajfa-3411	71	38	than	than	ADP
ajfa-3411	71	39	that	that	PRON
ajfa-3411	71	40	of	of	ADP
ajfa-3411	71	41	the	the	DET
ajfa-3411	71	42	electrical	electrical	ADJ
ajfa-3411	71	43	/	/	SYM
ajfa-3411	71	44	electronic	electronic	ADJ
ajfa-3411	71	45	firms	firm	NOUN
ajfa-3411	71	46	,	,	PUNCT
ajfa-3411	71	47	maintains	maintain	VERB
ajfa-3411	71	48	the	the	DET
ajfa-3411	71	49	investor	investor	NOUN
ajfa-3411	71	50	confidence	confidence	NOUN
ajfa-3411	71	51	of	of	ADP
ajfa-3411	71	52	business	business	NOUN
ajfa-3411	71	53	operation	operation	NOUN
ajfa-3411	71	54	of	of	ADP
ajfa-3411	71	55	the	the	DET
ajfa-3411	71	56	whole	whole	ADJ
ajfa-3411	71	57	industry	industry	NOUN
ajfa-3411	71	58	.	.	PUNCT
ajfa-3411	72	1	besides	besides	SCONJ
ajfa-3411	72	2	,	,	PUNCT
ajfa-3411	72	3	the	the	DET
ajfa-3411	72	4	distribution	distribution	NOUN
ajfa-3411	72	5	of	of	ADP
ajfa-3411	72	6	beta	beta	ADJ
ajfa-3411	72	7	value	value	NOUN
ajfa-3411	72	8	among	among	ADP
ajfa-3411	72	9	these	these	DET
ajfa-3411	72	10	6	6	NUM
ajfa-3411	72	11	firms	firm	NOUN
ajfa-3411	72	12	is	be	AUX
ajfa-3411	72	13	normal	normal	ADJ
ajfa-3411	72	14	,	,	PUNCT
ajfa-3411	72	15	from	from	ADP
ajfa-3411	72	16	0,125	0,125	NUM
ajfa-3411	72	17	to	to	ADP
ajfa-3411	72	18	1,112	1,112	NUM
ajfa-3411	72	19	and	and	CCONJ
ajfa-3411	72	20	from	from	ADP
ajfa-3411	72	21	0,088	0,088	NUM
ajfa-3411	72	22	to	to	ADP
ajfa-3411	72	23	1,019	1,019	NUM
ajfa-3411	72	24	,	,	PUNCT
ajfa-3411	72	25	for	for	ADP
ajfa-3411	72	26	equity	equity	NOUN
ajfa-3411	72	27	and	and	CCONJ
ajfa-3411	72	28	asset	asset	NOUN
ajfa-3411	72	29	beta	beta	NOUN
ajfa-3411	72	30	,	,	PUNCT
ajfa-3411	72	31	accordingly	accordingly	ADV
ajfa-3411	72	32	.	.	PUNCT
ajfa-3411	73	1	please	please	INTJ
ajfa-3411	73	2	refer	refer	VERB
ajfa-3411	73	3	to	to	PART
ajfa-3411	73	4	exhibit	exhibit	VERB
ajfa-3411	73	5	2	2	NUM
ajfa-3411	73	6	for	for	ADP
ajfa-3411	73	7	more	more	ADJ
ajfa-3411	73	8	information	information	NOUN
ajfa-3411	73	9	.	.	PUNCT
ajfa-3411	74	1	table	table	NOUN
ajfa-3411	74	2	5	5	NUM
ajfa-3411	74	3	.	.	PUNCT
ajfa-3411	75	1	statistical	statistical	ADJ
ajfa-3411	75	2	results	result	NOUN
ajfa-3411	75	3	for	for	ADP
ajfa-3411	75	4	vietnam	vietnam	NOUN
ajfa-3411	75	5	listed	list	VERB
ajfa-3411	75	6	software	software	NOUN
ajfa-3411	75	7	companies	company	NOUN
ajfa-3411	75	8	statistic	statistic	VERB
ajfa-3411	75	9	results	result	VERB
ajfa-3411	75	10	equity	equity	NOUN
ajfa-3411	75	11	beta	beta	NOUN
ajfa-3411	75	12	asset	asset	NOUN
ajfa-3411	75	13	beta	beta	NOUN
ajfa-3411	75	14	(	(	PUNCT
ajfa-3411	75	15	assume	assume	VERB
ajfa-3411	75	16	debt	debt	NOUN
ajfa-3411	75	17	beta	beta	NOUN
ajfa-3411	75	18	=	=	SYM
ajfa-3411	75	19	0	0	NUM
ajfa-3411	75	20	)	)	PUNCT
ajfa-3411	75	21	max	max	PROPN
ajfa-3411	75	22	1,112	1,112	NUM
ajfa-3411	75	23	1,019	1,019	NUM
ajfa-3411	75	24	min	min	NOUN
ajfa-3411	75	25	0,125	0,125	NUM
ajfa-3411	75	26	0,088	0,088	NUM
ajfa-3411	75	27	mean	mean	VERB
ajfa-3411	75	28	0,725	0,725	NUM
ajfa-3411	75	29	0,445	0,445	NOUN
ajfa-3411	75	30	var	var	NOUN
ajfa-3411	75	31	0,2148	0,2148	NOUN
ajfa-3411	75	32	0,1343	0,1343	PROPN
ajfa-3411	75	33	note	note	NOUN
ajfa-3411	75	34	:	:	PUNCT
ajfa-3411	75	35	sample	sample	NOUN
ajfa-3411	75	36	size	size	NOUN
ajfa-3411	75	37	:	:	PUNCT
ajfa-3411	75	38	6	6	NUM
ajfa-3411	75	39	chardware	chardware	NOUN
ajfa-3411	75	40	listed	list	VERB
ajfa-3411	75	41	companies	company	NOUN
ajfa-3411	75	42	group	group	NOUN
ajfa-3411	75	43	among	among	ADP
ajfa-3411	75	44	4	4	NUM
ajfa-3411	75	45	groups	group	NOUN
ajfa-3411	75	46	,	,	PUNCT
ajfa-3411	75	47	this	this	PRON
ajfa-3411	75	48	is	be	AUX
ajfa-3411	75	49	the	the	DET
ajfa-3411	75	50	group	group	NOUN
ajfa-3411	75	51	with	with	ADP
ajfa-3411	75	52	the	the	DET
ajfa-3411	75	53	biggest	big	ADJ
ajfa-3411	75	54	number	number	NOUN
ajfa-3411	75	55	of	of	ADP
ajfa-3411	75	56	listed	list	VERB
ajfa-3411	75	57	firms	firm	NOUN
ajfa-3411	75	58	and	and	CCONJ
ajfa-3411	75	59	with	with	ADP
ajfa-3411	75	60	the	the	DET
ajfa-3411	75	61	highest	high	ADJ
ajfa-3411	75	62	equity	equity	NOUN
ajfa-3411	75	63	beta	beta	NOUN
ajfa-3411	75	64	value	value	NOUN
ajfa-3411	75	65	of	of	ADP
ajfa-3411	75	66	about	about	ADV
ajfa-3411	75	67	0,75	0,75	NOUN
ajfa-3411	75	68	.	.	PUNCT
ajfa-3411	76	1	however	however	ADV
ajfa-3411	76	2	,	,	PUNCT
ajfa-3411	76	3	the	the	DET
ajfa-3411	76	4	asset	asset	NOUN
ajfa-3411	76	5	beta	beta	NOUN
ajfa-3411	76	6	mean	mean	NOUN
ajfa-3411	76	7	of	of	ADP
ajfa-3411	76	8	about	about	ADV
ajfa-3411	76	9	0,44	0,44	VERB
ajfa-3411	76	10	is	be	AUX
ajfa-3411	76	11	lower	low	ADJ
ajfa-3411	76	12	than	than	ADP
ajfa-3411	76	13	those	those	PRON
ajfa-3411	76	14	of	of	ADP
ajfa-3411	76	15	software	software	NOUN
ajfa-3411	76	16	and	and	CCONJ
ajfa-3411	76	17	comm./telecom	comm./telecom	NOUN
ajfa-3411	76	18	industries	industry	NOUN
ajfa-3411	76	19	.	.	PUNCT
ajfa-3411	77	1	different	different	ADJ
ajfa-3411	77	2	from	from	ADP
ajfa-3411	77	3	firms	firm	NOUN
ajfa-3411	77	4	in	in	ADP
ajfa-3411	77	5	the	the	DET
ajfa-3411	77	6	other	other	ADJ
ajfa-3411	77	7	industries	industry	NOUN
ajfa-3411	77	8	,	,	PUNCT
ajfa-3411	77	9	22	22	NUM
ajfa-3411	77	10	listed	list	VERB
ajfa-3411	77	11	hardware	hardware	NOUN
ajfa-3411	77	12	firms	firm	NOUN
ajfa-3411	77	13	has	have	VERB
ajfa-3411	77	14	lower	low	ADJ
ajfa-3411	77	15	equity	equity	NOUN
ajfa-3411	77	16	and	and	CCONJ
ajfa-3411	77	17	asset	asset	NOUN
ajfa-3411	77	18	beta	beta	NOUN
ajfa-3411	77	19	var	var	NOUN
ajfa-3411	77	20	values	value	NOUN
ajfa-3411	77	21	,	,	PUNCT
ajfa-3411	77	22	estimated	estimate	VERB
ajfa-3411	77	23	at	at	ADP
ajfa-3411	77	24	0,108	0,108	NUM
ajfa-3411	77	25	and	and	CCONJ
ajfa-3411	77	26	0,089	0,089	NOUN
ajfa-3411	77	27	.	.	PUNCT
ajfa-3411	78	1	this	this	PRON
ajfa-3411	78	2	presents	present	VERB
ajfa-3411	78	3	a	a	DET
ajfa-3411	78	4	more	more	ADV
ajfa-3411	78	5	concentrated	concentrated	ADJ
ajfa-3411	78	6	in	in	ADP
ajfa-3411	78	7	level	level	NOUN
ajfa-3411	78	8	of	of	ADP
ajfa-3411	78	9	market	market	NOUN
ajfa-3411	78	10	risks	risk	NOUN
ajfa-3411	78	11	among	among	ADP
ajfa-3411	78	12	firms	firm	NOUN
ajfa-3411	78	13	in	in	ADP
ajfa-3411	78	14	this	this	DET
ajfa-3411	78	15	industry	industry	NOUN
ajfa-3411	78	16	.	.	PUNCT
ajfa-3411	79	1	the	the	DET
ajfa-3411	79	2	equity	equity	NOUN
ajfa-3411	79	3	and	and	CCONJ
ajfa-3411	79	4	asset	asset	NOUN
ajfa-3411	79	5	beta	beta	NOUN
ajfa-3411	79	6	mean	mean	NOUN
ajfa-3411	79	7	values	value	NOUN
ajfa-3411	79	8	are	be	AUX
ajfa-3411	79	9	0,748	0,748	NUM
ajfa-3411	79	10	and	and	CCONJ
ajfa-3411	79	11	0,441	0,441	NUM
ajfa-3411	79	12	are	be	AUX
ajfa-3411	79	13	higher	high	ADJ
ajfa-3411	79	14	than	than	ADP
ajfa-3411	79	15	those	those	PRON
ajfa-3411	79	16	of	of	ADP
ajfa-3411	79	17	2	2	NUM
ajfa-3411	79	18	previous	previous	ADJ
ajfa-3411	79	19	groups	group	NOUN
ajfa-3411	79	20	,	,	PUNCT
ajfa-3411	79	21	but	but	CCONJ
ajfa-3411	79	22	they	they	PRON
ajfa-3411	79	23	are	be	AUX
ajfa-3411	79	24	still	still	ADV
ajfa-3411	79	25	good	good	ADJ
ajfa-3411	79	26	numbers	number	NOUN
ajfa-3411	79	27	within	within	ADP
ajfa-3411	79	28	the	the	DET
ajfa-3411	79	29	estimated	estimate	VERB
ajfa-3411	79	30	max	max	PROPN
ajfa-3411	79	31	-	-	PUNCT
ajfa-3411	79	32	min	min	NOUN
ajfa-3411	79	33	range	range	NOUN
ajfa-3411	79	34	.	.	PUNCT
ajfa-3411	80	1	please	please	INTJ
ajfa-3411	80	2	refer	refer	VERB
ajfa-3411	80	3	to	to	PART
ajfa-3411	80	4	exhibit	exhibit	VERB
ajfa-3411	80	5	3	3	NUM
ajfa-3411	80	6	for	for	ADP
ajfa-3411	80	7	more	more	ADJ
ajfa-3411	80	8	information	information	NOUN
ajfa-3411	80	9	.	.	PUNCT
ajfa-3411	81	1	table	table	NOUN
ajfa-3411	81	2	6	6	NUM
ajfa-3411	81	3	.	.	PUNCT
ajfa-3411	82	1	statistical	statistical	ADJ
ajfa-3411	82	2	results	result	NOUN
ajfa-3411	82	3	for	for	ADP
ajfa-3411	82	4	vietnam	vietnam	NOUN
ajfa-3411	82	5	listed	list	VERB
ajfa-3411	82	6	hardware	hardware	NOUN
ajfa-3411	82	7	companies	company	NOUN
ajfa-3411	82	8	statistic	statistic	VERB
ajfa-3411	82	9	results	result	VERB
ajfa-3411	82	10	equity	equity	NOUN
ajfa-3411	82	11	beta	beta	NOUN
ajfa-3411	82	12	asset	asset	NOUN
ajfa-3411	82	13	beta	beta	NOUN
ajfa-3411	82	14	(	(	PUNCT
ajfa-3411	82	15	assume	assume	VERB
ajfa-3411	82	16	debt	debt	NOUN
ajfa-3411	82	17	beta	beta	NOUN
ajfa-3411	82	18	=	=	SYM
ajfa-3411	82	19	0	0	NUM
ajfa-3411	82	20	)	)	PUNCT
ajfa-3411	82	21	max	max	PROPN
ajfa-3411	82	22	1,234	1,234	NUM
ajfa-3411	82	23	1,069	1,069	NUM
ajfa-3411	82	24	min	min	NOUN
ajfa-3411	82	25	0,200	0,200	NUM
ajfa-3411	82	26	0,054	0,054	NUM
ajfa-3411	82	27	mean	mean	NOUN
ajfa-3411	82	28	0,748	0,748	NUM
ajfa-3411	82	29	0,441	0,441	NUM
ajfa-3411	82	30	var	var	NOUN
ajfa-3411	82	31	0,1085	0,1085	NUM
ajfa-3411	82	32	0,0893	0,0893	NUM
ajfa-3411	82	33	note	note	NOUN
ajfa-3411	82	34	:	:	PUNCT
ajfa-3411	82	35	sample	sample	NOUN
ajfa-3411	82	36	size	size	NOUN
ajfa-3411	82	37	:	:	PUNCT
ajfa-3411	82	38	22	22	NUM
ajfa-3411	82	39	dcomm	dcomm	NOUN
ajfa-3411	82	40	.	.	PUNCT
ajfa-3411	83	1	&	&	CCONJ
ajfa-3411	83	2	telecommunication	telecommunication	NOUN
ajfa-3411	83	3	listed	list	VERB
ajfa-3411	83	4	companies	company	NOUN
ajfa-3411	83	5	group	group	VERB
ajfa-3411	83	6	many	many	ADJ
ajfa-3411	83	7	firms	firm	NOUN
ajfa-3411	83	8	in	in	ADP
ajfa-3411	83	9	this	this	DET
ajfa-3411	83	10	category	category	NOUN
ajfa-3411	83	11	diversify	diversify	VERB
ajfa-3411	83	12	their	their	PRON
ajfa-3411	83	13	operation	operation	NOUN
ajfa-3411	83	14	in	in	ADP
ajfa-3411	83	15	different	different	ADJ
ajfa-3411	83	16	business	business	NOUN
ajfa-3411	83	17	areas	area	NOUN
ajfa-3411	83	18	.	.	PUNCT
ajfa-3411	84	1	different	different	ADJ
ajfa-3411	84	2	from	from	ADP
ajfa-3411	84	3	firms	firm	NOUN
ajfa-3411	84	4	in	in	ADP
ajfa-3411	84	5	the	the	DET
ajfa-3411	84	6	other	other	ADJ
ajfa-3411	84	7	three	three	NUM
ajfa-3411	84	8	(	(	PUNCT
ajfa-3411	84	9	3	3	NUM
ajfa-3411	84	10	)	)	PUNCT
ajfa-3411	84	11	industries	industry	NOUN
ajfa-3411	84	12	,	,	PUNCT
ajfa-3411	84	13	18	18	NUM
ajfa-3411	84	14	listed	list	VERB
ajfa-3411	84	15	comm./telecom	comm./telecom	NOUN
ajfa-3411	84	16	firms	firm	NOUN
ajfa-3411	84	17	has	have	VERB
ajfa-3411	84	18	wider	wide	ADJ
ajfa-3411	84	19	range	range	NOUN
ajfa-3411	84	20	of	of	ADP
ajfa-3411	84	21	equity	equity	NOUN
ajfa-3411	84	22	and	and	CCONJ
ajfa-3411	84	23	asset	asset	NOUN
ajfa-3411	84	24	beta	beta	NOUN
ajfa-3411	84	25	values	value	NOUN
ajfa-3411	84	26	.	.	PUNCT
ajfa-3411	85	1	max	max	PROPN
ajfa-3411	85	2	beta	beta	ADJ
ajfa-3411	85	3	values	value	NOUN
ajfa-3411	85	4	of	of	ADP
ajfa-3411	85	5	2,056	2,056	NUM
ajfa-3411	85	6	and	and	CCONJ
ajfa-3411	85	7	1,941	1,941	NUM
ajfa-3411	85	8	are	be	AUX
ajfa-3411	85	9	the	the	DET
ajfa-3411	85	10	highest	high	ADJ
ajfa-3411	85	11	and	and	CCONJ
ajfa-3411	85	12	min	min	NOUN
ajfa-3411	85	13	beta	beta	PROPN
ajfa-3411	85	14	asian	asian	ADJ
ajfa-3411	85	15	journal	journal	NOUN
ajfa-3411	85	16	of	of	ADP
ajfa-3411	85	17	finance	finance	PROPN
ajfa-3411	85	18	&	&	CCONJ
ajfa-3411	85	19	accounting	accounting	PROPN
ajfa-3411	85	20	issn	issn	PROPN
ajfa-3411	85	21	1946	1946	NUM
ajfa-3411	85	22	-	-	PUNCT
ajfa-3411	85	23	052x	052x	NOUN
ajfa-3411	85	24	2013	2013	NUM
ajfa-3411	85	25	,	,	PUNCT
ajfa-3411	85	26	vol	vol	NOUN
ajfa-3411	85	27	.	.	PROPN
ajfa-3411	85	28	5	5	NUM
ajfa-3411	85	29	,	,	PUNCT
ajfa-3411	85	30	no	no	INTJ
ajfa-3411	85	31	.	.	NOUN
ajfa-3411	85	32	1	1	NUM
ajfa-3411	85	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	85	34	134	134	NUM
ajfa-3411	85	35	values	value	NOUN
ajfa-3411	85	36	of	of	ADP
ajfa-3411	85	37	-0,52	-0,52	PUNCT
ajfa-3411	85	38	and	and	CCONJ
ajfa-3411	85	39	-0,25	-0,25	PUNCT
ajfa-3411	85	40	are	be	AUX
ajfa-3411	85	41	the	the	DET
ajfa-3411	85	42	lowest	low	ADJ
ajfa-3411	85	43	among	among	ADP
ajfa-3411	85	44	4	4	NUM
ajfa-3411	85	45	groups	group	NOUN
ajfa-3411	85	46	.	.	PUNCT
ajfa-3411	86	1	this	this	PRON
ajfa-3411	86	2	indicates	indicate	VERB
ajfa-3411	86	3	a	a	DET
ajfa-3411	86	4	less	less	ADV
ajfa-3411	86	5	concentrated	concentrated	ADJ
ajfa-3411	86	6	in	in	ADP
ajfa-3411	86	7	level	level	NOUN
ajfa-3411	86	8	of	of	ADP
ajfa-3411	86	9	market	market	NOUN
ajfa-3411	86	10	risks	risk	NOUN
ajfa-3411	86	11	among	among	ADP
ajfa-3411	86	12	firms	firm	NOUN
ajfa-3411	86	13	in	in	ADP
ajfa-3411	86	14	this	this	DET
ajfa-3411	86	15	industry	industry	NOUN
ajfa-3411	86	16	.	.	PUNCT
ajfa-3411	87	1	the	the	DET
ajfa-3411	87	2	asset	asset	NOUN
ajfa-3411	87	3	beta	beta	NOUN
ajfa-3411	87	4	mean	mean	NOUN
ajfa-3411	87	5	value	value	NOUN
ajfa-3411	87	6	is	be	AUX
ajfa-3411	87	7	0,46	0,46	NOUN
ajfa-3411	87	8	(	(	PUNCT
ajfa-3411	87	9	the	the	DET
ajfa-3411	87	10	highest	high	ADJ
ajfa-3411	87	11	)	)	PUNCT
ajfa-3411	87	12	and	and	CCONJ
ajfa-3411	87	13	equity	equity	NOUN
ajfa-3411	87	14	beta	beta	NOUN
ajfa-3411	87	15	mean	mean	NOUN
ajfa-3411	87	16	value	value	NOUN
ajfa-3411	87	17	is	be	AUX
ajfa-3411	87	18	0,67	0,67	PUNCT
ajfa-3411	88	1	(	(	PUNCT
ajfa-3411	88	2	the	the	DET
ajfa-3411	88	3	2nd	2nd	ADJ
ajfa-3411	88	4	highest	high	ADJ
ajfa-3411	88	5	in	in	ADP
ajfa-3411	88	6	4	4	NUM
ajfa-3411	88	7	groups	group	NOUN
ajfa-3411	88	8	)	)	PUNCT
ajfa-3411	88	9	shows	show	VERB
ajfa-3411	88	10	the	the	DET
ajfa-3411	88	11	financial	financial	ADJ
ajfa-3411	88	12	leverage	leverage	NOUN
ajfa-3411	88	13	has	have	VERB
ajfa-3411	88	14	impacts	impact	NOUN
ajfa-3411	88	15	on	on	ADP
ajfa-3411	88	16	market	market	NOUN
ajfa-3411	88	17	risk	risk	NOUN
ajfa-3411	88	18	exposure	exposure	NOUN
ajfa-3411	88	19	during	during	ADP
ajfa-3411	88	20	the	the	DET
ajfa-3411	88	21	crisis	crisis	NOUN
ajfa-3411	88	22	period	period	NOUN
ajfa-3411	88	23	.	.	PUNCT
ajfa-3411	89	1	please	please	INTJ
ajfa-3411	89	2	refer	refer	VERB
ajfa-3411	89	3	to	to	PART
ajfa-3411	89	4	exhibit	exhibit	VERB
ajfa-3411	89	5	4	4	NUM
ajfa-3411	89	6	for	for	ADP
ajfa-3411	89	7	more	more	ADJ
ajfa-3411	89	8	information	information	NOUN
ajfa-3411	89	9	.	.	PUNCT
ajfa-3411	90	1	table	table	NOUN
ajfa-3411	90	2	7	7	NUM
ajfa-3411	90	3	.	.	PUNCT
ajfa-3411	91	1	statistical	statistical	ADJ
ajfa-3411	91	2	results	result	NOUN
ajfa-3411	91	3	for	for	ADP
ajfa-3411	91	4	vietnam	vietnam	NOUN
ajfa-3411	91	5	listed	list	VERB
ajfa-3411	91	6	comm	comm	NOUN
ajfa-3411	91	7	.	.	PUNCT
ajfa-3411	92	1	and	and	CCONJ
ajfa-3411	92	2	telecommunication	telecommunication	NOUN
ajfa-3411	92	3	companies	company	NOUN
ajfa-3411	92	4	statistic	statistic	VERB
ajfa-3411	92	5	results	result	VERB
ajfa-3411	92	6	equity	equity	NOUN
ajfa-3411	92	7	beta	beta	NOUN
ajfa-3411	92	8	asset	asset	NOUN
ajfa-3411	92	9	beta	beta	NOUN
ajfa-3411	92	10	(	(	PUNCT
ajfa-3411	92	11	assume	assume	VERB
ajfa-3411	92	12	debt	debt	NOUN
ajfa-3411	92	13	beta	beta	NOUN
ajfa-3411	92	14	=	=	SYM
ajfa-3411	92	15	0	0	NUM
ajfa-3411	92	16	)	)	PUNCT
ajfa-3411	92	17	max	max	PROPN
ajfa-3411	92	18	2,056	2,056	NUM
ajfa-3411	92	19	1,941	1,941	NUM
ajfa-3411	92	20	min	min	NOUN
ajfa-3411	92	21	-0,524	-0,524	NOUN
ajfa-3411	93	1	-0,251	-0,251	PROPN
ajfa-3411	93	2	mean	mean	VERB
ajfa-3411	93	3	0,671	0,671	NUM
ajfa-3411	93	4	0,462	0,462	NUM
ajfa-3411	93	5	var	var	NOUN
ajfa-3411	93	6	0,2872	0,2872	PROPN
ajfa-3411	94	1	0,2133	0,2133	NUM
ajfa-3411	94	2	note	note	NOUN
ajfa-3411	94	3	:	:	PUNCT
ajfa-3411	94	4	sample	sample	NOUN
ajfa-3411	94	5	size	size	NOUN
ajfa-3411	94	6	:	:	PUNCT
ajfa-3411	94	7	18	18	NUM
ajfa-3411	94	8	comparison	comparison	NOUN
ajfa-3411	94	9	among	among	ADP
ajfa-3411	94	10	4	4	NUM
ajfa-3411	94	11	groups	group	NOUN
ajfa-3411	94	12	of	of	ADP
ajfa-3411	94	13	computer	computer	NOUN
ajfa-3411	94	14	and	and	CCONJ
ajfa-3411	94	15	electrical	electrical	ADJ
ajfa-3411	94	16	companies	company	NOUN
ajfa-3411	94	17	in	in	ADP
ajfa-3411	94	18	the	the	DET
ajfa-3411	94	19	below	below	ADJ
ajfa-3411	94	20	chart	chart	NOUN
ajfa-3411	94	21	,	,	PUNCT
ajfa-3411	94	22	we	we	PRON
ajfa-3411	94	23	can	can	AUX
ajfa-3411	94	24	see	see	VERB
ajfa-3411	94	25	the	the	DET
ajfa-3411	94	26	equity	equity	NOUN
ajfa-3411	94	27	and	and	CCONJ
ajfa-3411	94	28	asset	asset	NOUN
ajfa-3411	94	29	beta	beta	NOUN
ajfa-3411	94	30	value	value	NOUN
ajfa-3411	94	31	mean	mean	NOUN
ajfa-3411	94	32	of	of	ADP
ajfa-3411	94	33	listed	list	VERB
ajfa-3411	94	34	firms	firm	NOUN
ajfa-3411	94	35	in	in	ADP
ajfa-3411	94	36	the	the	DET
ajfa-3411	94	37	electrical	electrical	ADJ
ajfa-3411	94	38	and	and	CCONJ
ajfa-3411	94	39	electronic	electronic	ADJ
ajfa-3411	94	40	industry	industry	NOUN
ajfa-3411	94	41	is	be	AUX
ajfa-3411	94	42	relatively	relatively	ADV
ajfa-3411	94	43	lower	low	ADJ
ajfa-3411	94	44	than	than	ADP
ajfa-3411	94	45	those	those	PRON
ajfa-3411	94	46	of	of	ADP
ajfa-3411	94	47	listed	listed	ADJ
ajfa-3411	94	48	software	software	NOUN
ajfa-3411	94	49	,	,	PUNCT
ajfa-3411	94	50	hardware	hardware	NOUN
ajfa-3411	94	51	and	and	CCONJ
ajfa-3411	94	52	comm./telecom	comm./telecom	NOUN
ajfa-3411	94	53	firms	firm	NOUN
ajfa-3411	94	54	.	.	PUNCT
ajfa-3411	95	1	it	it	PRON
ajfa-3411	95	2	rejects	reject	VERB
ajfa-3411	95	3	our	our	PRON
ajfa-3411	95	4	1st	1st	ADJ
ajfa-3411	95	5	hypothesis	hypothesis	NOUN
ajfa-3411	95	6	or	or	CCONJ
ajfa-3411	95	7	research	research	NOUN
ajfa-3411	95	8	issue	issue	NOUN
ajfa-3411	95	9	that	that	SCONJ
ajfa-3411	95	10	the	the	DET
ajfa-3411	95	11	beta	beta	ADJ
ajfa-3411	95	12	values	value	NOUN
ajfa-3411	95	13	in	in	ADP
ajfa-3411	95	14	the	the	DET
ajfa-3411	95	15	electrical	electrical	ADJ
ajfa-3411	95	16	and	and	CCONJ
ajfa-3411	95	17	electronic	electronic	ADJ
ajfa-3411	95	18	industry	industry	NOUN
ajfa-3411	95	19	would	would	AUX
ajfa-3411	95	20	be	be	AUX
ajfa-3411	95	21	higher	high	ADJ
ajfa-3411	95	22	than	than	ADP
ajfa-3411	95	23	those	those	PRON
ajfa-3411	95	24	in	in	ADP
ajfa-3411	95	25	the	the	DET
ajfa-3411	95	26	rest	rest	NOUN
ajfa-3411	95	27	three	three	NUM
ajfa-3411	95	28	(	(	PUNCT
ajfa-3411	95	29	3	3	NUM
ajfa-3411	95	30	)	)	PUNCT
ajfa-3411	95	31	groups	group	NOUN
ajfa-3411	95	32	.	.	PUNCT
ajfa-3411	96	1	in	in	ADP
ajfa-3411	96	2	term	term	NOUN
ajfa-3411	96	3	of	of	ADP
ajfa-3411	96	4	variance	variance	NOUN
ajfa-3411	96	5	difference	difference	NOUN
ajfa-3411	96	6	,	,	PUNCT
ajfa-3411	96	7	the	the	DET
ajfa-3411	96	8	chart	chart	NOUN
ajfa-3411	96	9	shows	show	VERB
ajfa-3411	96	10	that	that	SCONJ
ajfa-3411	96	11	the	the	DET
ajfa-3411	96	12	equity	equity	NOUN
ajfa-3411	96	13	beta	beta	NOUN
ajfa-3411	96	14	variance	variance	NOUN
ajfa-3411	96	15	in	in	ADP
ajfa-3411	96	16	electrical	electrical	ADJ
ajfa-3411	96	17	/	/	SYM
ajfa-3411	96	18	electronic	electronic	ADJ
ajfa-3411	96	19	and	and	CCONJ
ajfa-3411	96	20	in	in	ADP
ajfa-3411	96	21	hardware	hardware	NOUN
ajfa-3411	96	22	industries	industry	NOUN
ajfa-3411	96	23	is	be	AUX
ajfa-3411	96	24	lower	low	ADJ
ajfa-3411	96	25	than	than	ADP
ajfa-3411	96	26	those	those	PRON
ajfa-3411	96	27	in	in	ADP
ajfa-3411	96	28	the	the	DET
ajfa-3411	96	29	rest	rest	NOUN
ajfa-3411	96	30	two	two	NUM
ajfa-3411	96	31	,	,	PUNCT
ajfa-3411	96	32	which	which	PRON
ajfa-3411	96	33	means	mean	VERB
ajfa-3411	96	34	the	the	DET
ajfa-3411	96	35	bigger	big	ADJ
ajfa-3411	96	36	gap	gap	NOUN
ajfa-3411	96	37	in	in	ADP
ajfa-3411	96	38	market	market	NOUN
ajfa-3411	96	39	risk	risk	NOUN
ajfa-3411	96	40	exposure	exposure	NOUN
ajfa-3411	96	41	in	in	ADP
ajfa-3411	96	42	software	software	NOUN
ajfa-3411	96	43	and	and	CCONJ
ajfa-3411	96	44	comm./telecom	comm./telecom	NOUN
ajfa-3411	96	45	industries	industry	NOUN
ajfa-3411	96	46	.	.	PUNCT
ajfa-3411	97	1	but	but	CCONJ
ajfa-3411	97	2	in	in	ADP
ajfa-3411	97	3	general	general	ADJ
ajfa-3411	97	4	,	,	PUNCT
ajfa-3411	97	5	that	that	SCONJ
ajfa-3411	97	6	the	the	DET
ajfa-3411	97	7	range	range	NOUN
ajfa-3411	97	8	of	of	ADP
ajfa-3411	97	9	equity	equity	NOUN
ajfa-3411	97	10	beta	beta	NOUN
ajfa-3411	97	11	var	var	NOUN
ajfa-3411	97	12	is	be	AUX
ajfa-3411	97	13	from	from	ADP
ajfa-3411	97	14	0,11	0,11	NOUN
ajfa-3411	97	15	-	-	PUNCT
ajfa-3411	97	16	0,29	0,29	NOUN
ajfa-3411	97	17	and	and	CCONJ
ajfa-3411	97	18	that	that	PRON
ajfa-3411	97	19	of	of	ADP
ajfa-3411	97	20	asset	asset	NOUN
ajfa-3411	97	21	beta	beta	NOUN
ajfa-3411	97	22	var	var	NOUN
ajfa-3411	97	23	is	be	AUX
ajfa-3411	97	24	from	from	ADP
ajfa-3411	97	25	0,07	0,07	NOUN
ajfa-3411	97	26	-	-	PUNCT
ajfa-3411	97	27	0,21	0,21	NUM
ajfa-3411	97	28	is	be	AUX
ajfa-3411	97	29	not	not	PART
ajfa-3411	97	30	big	big	ADJ
ajfa-3411	97	31	.	.	PUNCT
ajfa-3411	98	1	this	this	PRON
ajfa-3411	98	2	also	also	ADV
ajfa-3411	98	3	rejects	reject	VERB
ajfa-3411	98	4	our	our	PRON
ajfa-3411	98	5	2nd	2nd	ADJ
ajfa-3411	98	6	hypothesis	hypothesis	NOUN
ajfa-3411	98	7	.	.	PUNCT
ajfa-3411	99	1	and	and	CCONJ
ajfa-3411	99	2	both	both	DET
ajfa-3411	99	3	equity	equity	NOUN
ajfa-3411	99	4	and	and	CCONJ
ajfa-3411	99	5	asset	asset	NOUN
ajfa-3411	99	6	beta	beta	NOUN
ajfa-3411	99	7	mean	mean	NOUN
ajfa-3411	99	8	in	in	ADP
ajfa-3411	99	9	4	4	NUM
ajfa-3411	99	10	groups	group	NOUN
ajfa-3411	99	11	are	be	AUX
ajfa-3411	99	12	lower	low	ADJ
ajfa-3411	99	13	than	than	ADP
ajfa-3411	99	14	(	(	PUNCT
ajfa-3411	99	15	<	<	X
ajfa-3411	99	16	)	)	PUNCT
ajfa-3411	99	17	1	1	NUM
ajfa-3411	99	18	,	,	PUNCT
ajfa-3411	99	19	which	which	PRON
ajfa-3411	99	20	also	also	ADV
ajfa-3411	99	21	rejects	reject	VERB
ajfa-3411	99	22	our	our	PRON
ajfa-3411	99	23	3rd	3rd	ADJ
ajfa-3411	99	24	hypothesis	hypothesis	NOUN
ajfa-3411	99	25	.	.	PUNCT
ajfa-3411	100	1	last	last	ADJ
ajfa-3411	100	2	but	but	CCONJ
ajfa-3411	100	3	not	not	PART
ajfa-3411	100	4	least	least	ADJ
ajfa-3411	100	5	,	,	PUNCT
ajfa-3411	100	6	the	the	DET
ajfa-3411	100	7	max	max	PROPN
ajfa-3411	100	8	and	and	CCONJ
ajfa-3411	100	9	min	min	PROPN
ajfa-3411	100	10	equity	equity	NOUN
ajfa-3411	100	11	and	and	CCONJ
ajfa-3411	100	12	asset	asset	NOUN
ajfa-3411	100	13	beta	beta	NOUN
ajfa-3411	100	14	values	value	NOUN
ajfa-3411	100	15	of	of	ADP
ajfa-3411	100	16	three	three	NUM
ajfa-3411	100	17	(	(	PUNCT
ajfa-3411	100	18	3	3	NUM
ajfa-3411	100	19	)	)	PUNCT
ajfa-3411	100	20	groups	group	NOUN
ajfa-3411	100	21	:	:	PUNCT
ajfa-3411	100	22	electrical	electrical	ADJ
ajfa-3411	100	23	/	/	SYM
ajfa-3411	100	24	electronic	electronic	ADJ
ajfa-3411	100	25	,	,	PUNCT
ajfa-3411	100	26	software	software	NOUN
ajfa-3411	100	27	and	and	CCONJ
ajfa-3411	100	28	hardware	hardware	NOUN
ajfa-3411	100	29	industries	industry	NOUN
ajfa-3411	100	30	are	be	AUX
ajfa-3411	100	31	close	close	ADJ
ajfa-3411	100	32	numbers	number	NOUN
ajfa-3411	100	33	,	,	PUNCT
ajfa-3411	100	34	or	or	CCONJ
ajfa-3411	100	35	have	have	VERB
ajfa-3411	100	36	small	small	ADJ
ajfa-3411	100	37	difference	difference	NOUN
ajfa-3411	100	38	whereas	whereas	SCONJ
ajfa-3411	100	39	those	those	PRON
ajfa-3411	100	40	of	of	ADP
ajfa-3411	100	41	comm	comm	NOUN
ajfa-3411	100	42	..	..	PUNCT
ajfa-3411	100	43	/telecom	/telecom	X
ajfa-3411	101	1	groups	group	NOUN
ajfa-3411	101	2	are	be	AUX
ajfa-3411	101	3	much	much	ADV
ajfa-3411	101	4	higher	high	ADJ
ajfa-3411	101	5	.	.	PUNCT
ajfa-3411	102	1	this	this	DET
ajfa-3411	102	2	back	back	ADJ
ajfa-3411	102	3	-	-	PUNCT
ajfa-3411	102	4	end	end	NOUN
ajfa-3411	102	5	industry	industry	NOUN
ajfa-3411	102	6	is	be	AUX
ajfa-3411	102	7	affected	affect	VERB
ajfa-3411	102	8	more	more	ADV
ajfa-3411	102	9	by	by	ADP
ajfa-3411	102	10	market	market	NOUN
ajfa-3411	102	11	risks	risk	NOUN
ajfa-3411	102	12	.	.	PUNCT
ajfa-3411	103	1	asian	asian	ADJ
ajfa-3411	103	2	journal	journal	PROPN
ajfa-3411	103	3	of	of	ADP
ajfa-3411	103	4	finance	finance	PROPN
ajfa-3411	103	5	&	&	CCONJ
ajfa-3411	103	6	accounting	accounting	PROPN
ajfa-3411	103	7	issn	issn	PROPN
ajfa-3411	103	8	1946	1946	NUM
ajfa-3411	103	9	-	-	PUNCT
ajfa-3411	103	10	052x	052x	NOUN
ajfa-3411	103	11	2013	2013	NUM
ajfa-3411	103	12	,	,	PUNCT
ajfa-3411	103	13	vol	vol	NOUN
ajfa-3411	103	14	.	.	PROPN
ajfa-3411	103	15	5	5	NUM
ajfa-3411	103	16	,	,	PUNCT
ajfa-3411	103	17	no	no	INTJ
ajfa-3411	103	18	.	.	NOUN
ajfa-3411	103	19	1	1	NUM
ajfa-3411	103	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	103	21	135	135	NUM
ajfa-3411	103	22	0,63	0,63	NUM
ajfa-3411	103	23	0,33	0,33	PROPN
ajfa-3411	103	24	0,17	0,17	NUM
ajfa-3411	103	25	0,07	0,07	NUM
ajfa-3411	104	1	0,72	0,72	X
ajfa-3411	104	2	0,44	0,44	PUNCT
ajfa-3411	105	1	0,21	0,21	NUM
ajfa-3411	105	2	0,13	0,13	NOUN
ajfa-3411	106	1	0,75	0,75	NOUN
ajfa-3411	106	2	0,44	0,44	NUM
ajfa-3411	106	3	0,11	0,11	NUM
ajfa-3411	106	4	0,09	0,09	NOUN
ajfa-3411	106	5	0,67	0,67	NUM
ajfa-3411	106	6	0,46	0,46	NOUN
ajfa-3411	106	7	0,29	0,29	PUNCT
ajfa-3411	107	1	0,21	0,21	NUM
ajfa-3411	108	1	0,00	0,00	NUM
ajfa-3411	108	2	0,10	0,10	NOUN
ajfa-3411	108	3	0,20	0,20	X
ajfa-3411	108	4	0,30	0,30	NUM
ajfa-3411	108	5	0,40	0,40	NUM
ajfa-3411	109	1	0,50	0,50	NOUN
ajfa-3411	109	2	0,60	0,60	NUM
ajfa-3411	110	1	0,70	0,70	PROPN
ajfa-3411	110	2	0,80	0,80	NUM
ajfa-3411	110	3	equity	equity	NOUN
ajfa-3411	110	4	beta	beta	NOUN
ajfa-3411	110	5	mean	mean	NOUN
ajfa-3411	111	1	asset	asset	NOUN
ajfa-3411	111	2	beta	beta	NOUN
ajfa-3411	111	3	mean	mean	NOUN
ajfa-3411	111	4	equity	equity	NOUN
ajfa-3411	111	5	beta	beta	PROPN
ajfa-3411	111	6	var	var	PROPN
ajfa-3411	111	7	asset	asset	NOUN
ajfa-3411	111	8	beta	beta	ADJ
ajfa-3411	111	9	var	var	NOUN
ajfa-3411	111	10	electrical	electrical	ADJ
ajfa-3411	111	11	and	and	CCONJ
ajfa-3411	111	12	electronic	electronic	ADJ
ajfa-3411	111	13	software	software	NOUN
ajfa-3411	111	14	hardware	hardware	NOUN
ajfa-3411	111	15	comm	comm	NOUN
ajfa-3411	111	16	/	/	SYM
ajfa-3411	111	17	telecom	telecom	PROPN
ajfa-3411	111	18	chart	chart	NOUN
ajfa-3411	111	19	1	1	NUM
ajfa-3411	111	20	.	.	PUNCT
ajfa-3411	112	1	statistical	statistical	ADJ
ajfa-3411	112	2	results	result	NOUN
ajfa-3411	112	3	of	of	ADP
ajfa-3411	112	4	four	four	NUM
ajfa-3411	112	5	(	(	PUNCT
ajfa-3411	112	6	4	4	NUM
ajfa-3411	112	7	)	)	PUNCT
ajfa-3411	112	8	groups	group	NOUN
ajfa-3411	112	9	of	of	ADP
ajfa-3411	112	10	64	64	NUM
ajfa-3411	112	11	listed	list	VERB
ajfa-3411	112	12	vn	vn	NOUN
ajfa-3411	112	13	computer	computer	NOUN
ajfa-3411	112	14	and	and	CCONJ
ajfa-3411	112	15	electrical	electrical	ADJ
ajfa-3411	112	16	firms	firm	NOUN
ajfa-3411	112	17	during	during	ADP
ajfa-3411	112	18	/	/	SYM
ajfa-3411	112	19	after	after	ADP
ajfa-3411	112	20	the	the	DET
ajfa-3411	112	21	crisis	crisis	NOUN
ajfa-3411	112	22	period	period	NOUN
ajfa-3411	112	23	2007	2007	NUM
ajfa-3411	112	24	-	-	SYM
ajfa-3411	112	25	2011	2011	NUM
ajfa-3411	112	26	8	8	NUM
ajfa-3411	112	27	.	.	PUNCT
ajfa-3411	113	1	risk	risk	NOUN
ajfa-3411	113	2	analysis	analysis	NOUN
ajfa-3411	113	3	generally	generally	ADV
ajfa-3411	113	4	speaking	speak	VERB
ajfa-3411	113	5	,	,	PUNCT
ajfa-3411	113	6	during	during	ADP
ajfa-3411	113	7	the	the	DET
ajfa-3411	113	8	financial	financial	ADJ
ajfa-3411	113	9	crisis	crisis	NOUN
ajfa-3411	113	10	2007	2007	NUM
ajfa-3411	113	11	-	-	SYM
ajfa-3411	113	12	2011	2011	NUM
ajfa-3411	113	13	,	,	PUNCT
ajfa-3411	114	1	esp	esp	ADV
ajfa-3411	114	2	.	.	PUNCT
ajfa-3411	115	1	the	the	DET
ajfa-3411	115	2	period	period	NOUN
ajfa-3411	115	3	2007	2007	NUM
ajfa-3411	115	4	-	-	SYM
ajfa-3411	115	5	2009	2009	NUM
ajfa-3411	115	6	,	,	PUNCT
ajfa-3411	115	7	the	the	DET
ajfa-3411	115	8	computer	computer	NOUN
ajfa-3411	115	9	and	and	CCONJ
ajfa-3411	115	10	electrical	electrical	ADJ
ajfa-3411	115	11	has	have	VERB
ajfa-3411	115	12	certain	certain	ADJ
ajfa-3411	115	13	negative	negative	ADJ
ajfa-3411	115	14	impacts	impact	NOUN
ajfa-3411	115	15	from	from	ADP
ajfa-3411	115	16	unexpected	unexpected	ADJ
ajfa-3411	115	17	increasing	increase	VERB
ajfa-3411	115	18	price	price	NOUN
ajfa-3411	115	19	in	in	ADP
ajfa-3411	115	20	the	the	DET
ajfa-3411	115	21	materials	material	NOUN
ajfa-3411	115	22	,	,	PUNCT
ajfa-3411	115	23	and	and	CCONJ
ajfa-3411	115	24	increasing	increase	VERB
ajfa-3411	115	25	lending	lending	NOUN
ajfa-3411	115	26	interest	interest	NOUN
ajfa-3411	115	27	rates	rate	NOUN
ajfa-3411	115	28	which	which	PRON
ajfa-3411	115	29	are	be	AUX
ajfa-3411	115	30	affected	affect	VERB
ajfa-3411	115	31	by	by	ADP
ajfa-3411	115	32	the	the	DET
ajfa-3411	115	33	high	high	ADJ
ajfa-3411	115	34	inflation	inflation	NOUN
ajfa-3411	115	35	of	of	ADP
ajfa-3411	115	36	23	23	NUM
ajfa-3411	115	37	%	%	NOUN
ajfa-3411	115	38	in	in	ADP
ajfa-3411	115	39	2008	2008	NUM
ajfa-3411	115	40	;	;	PUNCT
ajfa-3411	115	41	so	so	CCONJ
ajfa-3411	115	42	,	,	PUNCT
ajfa-3411	115	43	they	they	PRON
ajfa-3411	115	44	could	could	AUX
ajfa-3411	115	45	not	not	PART
ajfa-3411	115	46	be	be	AUX
ajfa-3411	115	47	decreased	decrease	VERB
ajfa-3411	115	48	in	in	ADP
ajfa-3411	115	49	a	a	DET
ajfa-3411	115	50	short	short	ADJ
ajfa-3411	115	51	time	time	NOUN
ajfa-3411	115	52	.	.	PUNCT
ajfa-3411	116	1	besides	besides	SCONJ
ajfa-3411	116	2	,	,	PUNCT
ajfa-3411	116	3	these	these	DET
ajfa-3411	116	4	firms	firm	NOUN
ajfa-3411	116	5	have	have	VERB
ajfa-3411	116	6	to	to	PART
ajfa-3411	116	7	face	face	VERB
ajfa-3411	116	8	other	other	ADJ
ajfa-3411	116	9	kinds	kind	NOUN
ajfa-3411	116	10	of	of	ADP
ajfa-3411	116	11	risks	risk	NOUN
ajfa-3411	116	12	:	:	PUNCT
ajfa-3411	116	13	technological	technological	ADJ
ajfa-3411	116	14	changing	changing	NOUN
ajfa-3411	116	15	,	,	PUNCT
ajfa-3411	116	16	or	or	CCONJ
ajfa-3411	116	17	an	an	DET
ajfa-3411	116	18	imperfect	imperfect	ADJ
ajfa-3411	116	19	corporate	corporate	ADJ
ajfa-3411	116	20	governance	governance	NOUN
ajfa-3411	116	21	structure	structure	NOUN
ajfa-3411	116	22	,	,	PUNCT
ajfa-3411	116	23	or	or	CCONJ
ajfa-3411	116	24	operational	operational	ADJ
ajfa-3411	116	25	risk	risk	NOUN
ajfa-3411	116	26	.	.	PUNCT
ajfa-3411	117	1	these	these	DET
ajfa-3411	117	2	risks	risk	NOUN
ajfa-3411	117	3	can	can	AUX
ajfa-3411	117	4	affect	affect	VERB
ajfa-3411	117	5	the	the	DET
ajfa-3411	117	6	operating	operate	VERB
ajfa-3411	117	7	cash	cash	NOUN
ajfa-3411	117	8	flow	flow	NOUN
ajfa-3411	117	9	of	of	ADP
ajfa-3411	117	10	these	these	DET
ajfa-3411	117	11	companies	company	NOUN
ajfa-3411	117	12	.	.	PUNCT
ajfa-3411	118	1	9	9	X
ajfa-3411	118	2	.	.	X
ajfa-3411	118	3	conclusion	conclusion	NOUN
ajfa-3411	118	4	and	and	CCONJ
ajfa-3411	118	5	policy	policy	NOUN
ajfa-3411	118	6	suggestion	suggestion	NOUN
ajfa-3411	118	7	electrical	electrical	ADJ
ajfa-3411	118	8	and	and	CCONJ
ajfa-3411	118	9	electronic	electronic	ADJ
ajfa-3411	118	10	industry	industry	NOUN
ajfa-3411	118	11	this	this	PRON
ajfa-3411	118	12	is	be	AUX
ajfa-3411	118	13	the	the	DET
ajfa-3411	118	14	industry	industry	NOUN
ajfa-3411	118	15	which	which	PRON
ajfa-3411	118	16	has	have	VERB
ajfa-3411	118	17	both	both	CCONJ
ajfa-3411	118	18	the	the	DET
ajfa-3411	118	19	lowest	low	ADJ
ajfa-3411	118	20	equity	equity	NOUN
ajfa-3411	118	21	/	/	SYM
ajfa-3411	118	22	asset	asset	NOUN
ajfa-3411	118	23	beta	beta	NOUN
ajfa-3411	118	24	mean	mean	NOUN
ajfa-3411	118	25	values	value	NOUN
ajfa-3411	118	26	and	and	CCONJ
ajfa-3411	118	27	the	the	DET
ajfa-3411	118	28	lowest	low	ADJ
ajfa-3411	118	29	asset	asset	NOUN
ajfa-3411	118	30	beta	beta	NOUN
ajfa-3411	118	31	var	var	NOUN
ajfa-3411	118	32	(	(	PUNCT
ajfa-3411	118	33	0,63	0,63	NUM
ajfa-3411	118	34	and	and	CCONJ
ajfa-3411	118	35	0,33	0,33	PROPN
ajfa-3411	118	36	,	,	PUNCT
ajfa-3411	118	37	accordingly	accordingly	ADV
ajfa-3411	118	38	)	)	PUNCT
ajfa-3411	118	39	.	.	PUNCT
ajfa-3411	119	1	during	during	ADP
ajfa-3411	119	2	the	the	DET
ajfa-3411	119	3	crisis	crisis	NOUN
ajfa-3411	119	4	,	,	PUNCT
ajfa-3411	119	5	this	this	DET
ajfa-3411	119	6	industry	industry	NOUN
ajfa-3411	119	7	has	have	VERB
ajfa-3411	119	8	lower	low	ADJ
ajfa-3411	119	9	market	market	NOUN
ajfa-3411	119	10	risk	risk	NOUN
ajfa-3411	119	11	and	and	CCONJ
ajfa-3411	119	12	this	this	DET
ajfa-3411	119	13	market	market	NOUN
ajfa-3411	119	14	is	be	AUX
ajfa-3411	119	15	more	more	ADV
ajfa-3411	119	16	stable	stable	ADJ
ajfa-3411	119	17	.	.	PUNCT
ajfa-3411	120	1	after	after	ADP
ajfa-3411	120	2	increasing	increase	VERB
ajfa-3411	120	3	rates	rate	NOUN
ajfa-3411	120	4	period	period	NOUN
ajfa-3411	120	5	(	(	PUNCT
ajfa-3411	120	6	see	see	VERB
ajfa-3411	120	7	exhibit	exhibit	NOUN
ajfa-3411	120	8	1	1	NUM
ajfa-3411	120	9	)	)	PUNCT
ajfa-3411	120	10	,	,	PUNCT
ajfa-3411	120	11	we	we	PRON
ajfa-3411	120	12	highly	highly	ADV
ajfa-3411	120	13	value	value	VERB
ajfa-3411	120	14	the	the	DET
ajfa-3411	120	15	efforts	effort	NOUN
ajfa-3411	120	16	of	of	ADP
ajfa-3411	120	17	government	government	NOUN
ajfa-3411	120	18	,	,	PUNCT
ajfa-3411	120	19	central	central	ADJ
ajfa-3411	120	20	bank	bank	NOUN
ajfa-3411	120	21	and	and	CCONJ
ajfa-3411	120	22	financial	financial	ADJ
ajfa-3411	120	23	institutions	institution	NOUN
ajfa-3411	120	24	having	have	VERB
ajfa-3411	120	25	proper	proper	ADJ
ajfa-3411	120	26	policies	policy	NOUN
ajfa-3411	120	27	to	to	PART
ajfa-3411	120	28	support	support	VERB
ajfa-3411	120	29	businesses	business	NOUN
ajfa-3411	120	30	and	and	CCONJ
ajfa-3411	120	31	internal	internal	ADJ
ajfa-3411	120	32	investors	investor	NOUN
ajfa-3411	120	33	,	,	PUNCT
ajfa-3411	120	34	and	and	CCONJ
ajfa-3411	120	35	stabilize	stabilize	VERB
ajfa-3411	120	36	inflation	inflation	NOUN
ajfa-3411	120	37	.	.	PUNCT
ajfa-3411	121	1	software	software	NOUN
ajfa-3411	121	2	industry	industry	NOUN
ajfa-3411	121	3	this	this	PRON
ajfa-3411	121	4	is	be	AUX
ajfa-3411	121	5	one	one	NUM
ajfa-3411	121	6	of	of	ADP
ajfa-3411	121	7	industries	industry	NOUN
ajfa-3411	121	8	which	which	PRON
ajfa-3411	121	9	can	can	AUX
ajfa-3411	121	10	be	be	AUX
ajfa-3411	121	11	affected	affect	VERB
ajfa-3411	121	12	much	much	ADV
ajfa-3411	121	13	from	from	ADP
ajfa-3411	121	14	the	the	DET
ajfa-3411	121	15	global	global	ADJ
ajfa-3411	121	16	crisis	crisis	NOUN
ajfa-3411	121	17	because	because	SCONJ
ajfa-3411	121	18	of	of	ADP
ajfa-3411	121	19	the	the	DET
ajfa-3411	121	20	recession	recession	NOUN
ajfa-3411	121	21	of	of	ADP
ajfa-3411	121	22	the	the	DET
ajfa-3411	121	23	whole	whole	ADJ
ajfa-3411	121	24	market	market	NOUN
ajfa-3411	121	25	.	.	PUNCT
ajfa-3411	122	1	asian	asian	ADJ
ajfa-3411	122	2	journal	journal	PROPN
ajfa-3411	122	3	of	of	ADP
ajfa-3411	122	4	finance	finance	PROPN
ajfa-3411	122	5	&	&	CCONJ
ajfa-3411	122	6	accounting	accounting	PROPN
ajfa-3411	122	7	issn	issn	PROPN
ajfa-3411	122	8	1946	1946	NUM
ajfa-3411	122	9	-	-	PUNCT
ajfa-3411	122	10	052x	052x	NOUN
ajfa-3411	122	11	2013	2013	NUM
ajfa-3411	122	12	,	,	PUNCT
ajfa-3411	122	13	vol	vol	NOUN
ajfa-3411	122	14	.	.	PROPN
ajfa-3411	122	15	5	5	NUM
ajfa-3411	122	16	,	,	PUNCT
ajfa-3411	122	17	no	no	INTJ
ajfa-3411	122	18	.	.	NOUN
ajfa-3411	122	19	1	1	NUM
ajfa-3411	122	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3411	122	21	136	136	NUM
ajfa-3411	122	22	however	however	ADV
ajfa-3411	122	23	,	,	PUNCT
ajfa-3411	122	24	in	in	ADP
ajfa-3411	122	25	a	a	DET
ajfa-3411	122	26	developing	develop	VERB
ajfa-3411	122	27	market	market	NOUN
ajfa-3411	122	28	such	such	ADJ
ajfa-3411	122	29	as	as	ADP
ajfa-3411	122	30	viet	viet	PROPN
ajfa-3411	122	31	nam	nam	PROPN
ajfa-3411	122	32	,	,	PUNCT
ajfa-3411	122	33	the	the	DET
ajfa-3411	122	34	market	market	NOUN
ajfa-3411	122	35	is	be	AUX
ajfa-3411	122	36	potential	potential	ADJ
ajfa-3411	122	37	and	and	CCONJ
ajfa-3411	122	38	market	market	NOUN
ajfa-3411	122	39	risks	risk	NOUN
ajfa-3411	122	40	are	be	AUX
ajfa-3411	122	41	controllable	controllable	ADJ
ajfa-3411	122	42	.	.	PUNCT
ajfa-3411	123	1	the	the	DET
ajfa-3411	123	2	using	using	NOUN
ajfa-3411	123	3	of	of	ADP
ajfa-3411	123	4	dfl	dfl	PROPN
ajfa-3411	123	5	or	or	CCONJ
ajfa-3411	123	6	degree	degree	NOUN
ajfa-3411	123	7	of	of	ADP
ajfa-3411	123	8	financial	financial	ADJ
ajfa-3411	123	9	leverage	leverage	NOUN
ajfa-3411	123	10	can	can	AUX
ajfa-3411	123	11	be	be	AUX
ajfa-3411	123	12	a	a	DET
ajfa-3411	123	13	vital	vital	ADJ
ajfa-3411	123	14	reason	reason	NOUN
ajfa-3411	123	15	for	for	ADP
ajfa-3411	123	16	a	a	DET
ajfa-3411	123	17	decrease	decrease	NOUN
ajfa-3411	123	18	in	in	ADP
ajfa-3411	123	19	asset	asset	NOUN
ajfa-3411	123	20	beta	beta	NOUN
ajfa-3411	123	21	value	value	NOUN
ajfa-3411	123	22	of	of	ADP
ajfa-3411	123	23	0,44	0,44	PRON
ajfa-3411	123	24	from	from	ADP
ajfa-3411	123	25	equity	equity	NOUN
ajfa-3411	123	26	beta	beta	NOUN
ajfa-3411	123	27	value	value	NOUN
ajfa-3411	123	28	of	of	ADP
ajfa-3411	123	29	0,72	0,72	PROPN
ajfa-3411	123	30	.	.	PUNCT
ajfa-3411	124	1	hardware	hardware	NOUN
ajfa-3411	124	2	industry	industry	NOUN
ajfa-3411	124	3	the	the	DET
ajfa-3411	124	4	equity	equity	NOUN
ajfa-3411	124	5	beta	beta	NOUN
ajfa-3411	124	6	variance	variance	NOUN
ajfa-3411	124	7	of	of	ADP
ajfa-3411	124	8	this	this	DET
ajfa-3411	124	9	category	category	NOUN
ajfa-3411	124	10	is	be	AUX
ajfa-3411	124	11	the	the	DET
ajfa-3411	124	12	lowest	low	ADJ
ajfa-3411	124	13	(	(	PUNCT
ajfa-3411	124	14	0,11	0,11	NOUN
ajfa-3411	124	15	)	)	PUNCT
ajfa-3411	124	16	among	among	ADP
ajfa-3411	124	17	4	4	NUM
ajfa-3411	124	18	groups	group	NOUN
ajfa-3411	124	19	although	although	SCONJ
ajfa-3411	124	20	it	it	PRON
ajfa-3411	124	21	is	be	AUX
ajfa-3411	124	22	the	the	DET
ajfa-3411	124	23	largest	large	ADJ
ajfa-3411	124	24	group	group	NOUN
ajfa-3411	124	25	with	with	ADP
ajfa-3411	124	26	22	22	NUM
ajfa-3411	124	27	firms	firm	NOUN
ajfa-3411	124	28	.	.	PUNCT
ajfa-3411	125	1	its	its	PRON
ajfa-3411	125	2	equity	equity	NOUN
ajfa-3411	125	3	beta	beta	NOUN
ajfa-3411	125	4	mean	mean	NOUN
ajfa-3411	125	5	is	be	AUX
ajfa-3411	125	6	the	the	DET
ajfa-3411	125	7	highest	high	ADJ
ajfa-3411	125	8	number	number	NOUN
ajfa-3411	125	9	(	(	PUNCT
ajfa-3411	125	10	0,75	0,75	NOUN
ajfa-3411	125	11	)	)	PUNCT
ajfa-3411	125	12	but	but	CCONJ
ajfa-3411	125	13	under	under	ADP
ajfa-3411	125	14	financial	financial	ADJ
ajfa-3411	125	15	leverage	leverage	NOUN
ajfa-3411	125	16	condition	condition	NOUN
ajfa-3411	125	17	,	,	PUNCT
ajfa-3411	125	18	its	its	PRON
ajfa-3411	125	19	asset	asset	NOUN
ajfa-3411	125	20	beta	beta	NOUN
ajfa-3411	125	21	mean	mean	NOUN
ajfa-3411	125	22	is	be	AUX
ajfa-3411	125	23	controllable	controllable	ADJ
ajfa-3411	125	24	.	.	PUNCT
ajfa-3411	126	1	it	it	PRON
ajfa-3411	126	2	might	might	AUX
ajfa-3411	126	3	give	give	VERB
ajfa-3411	126	4	a	a	DET
ajfa-3411	126	5	good	good	ADJ
ajfa-3411	126	6	scenario	scenario	NOUN
ajfa-3411	126	7	for	for	SCONJ
ajfa-3411	126	8	the	the	DET
ajfa-3411	126	9	management	management	NOUN
ajfa-3411	126	10	team	team	NOUN
ajfa-3411	126	11	of	of	ADP
ajfa-3411	126	12	these	these	DET
ajfa-3411	126	13	firms	firm	NOUN
ajfa-3411	126	14	to	to	PART
ajfa-3411	126	15	make	make	VERB
ajfa-3411	126	16	a	a	DET
ajfa-3411	126	17	proper	proper	ADJ
ajfa-3411	126	18	evaluation	evaluation	NOUN
ajfa-3411	126	19	of	of	ADP
ajfa-3411	126	20	financial	financial	ADJ
ajfa-3411	126	21	conditions	condition	NOUN
ajfa-3411	126	22	and	and	CCONJ
ajfa-3411	126	23	degree	degree	NOUN
ajfa-3411	126	24	of	of	ADP
ajfa-3411	126	25	financial	financial	ADJ
ajfa-3411	126	26	leverage	leverage	NOUN
ajfa-3411	126	27	on	on	ADP
ajfa-3411	126	28	operating	operate	VERB
ajfa-3411	126	29	.	.	PUNCT
ajfa-3411	127	1	comm./telecommunication	comm./telecommunication	NOUN
ajfa-3411	127	2	industry	industry	NOUN
ajfa-3411	127	3	through	through	ADP
ajfa-3411	127	4	our	our	PRON
ajfa-3411	127	5	comparative	comparative	ADJ
ajfa-3411	127	6	analysis	analysis	NOUN
ajfa-3411	127	7	on	on	ADP
ajfa-3411	127	8	asset	asset	NOUN
ajfa-3411	127	9	beta	beta	NOUN
ajfa-3411	127	10	values	value	NOUN
ajfa-3411	127	11	,	,	PUNCT
ajfa-3411	127	12	this	this	PRON
ajfa-3411	127	13	is	be	AUX
ajfa-3411	127	14	the	the	DET
ajfa-3411	127	15	industry	industry	NOUN
ajfa-3411	127	16	which	which	PRON
ajfa-3411	127	17	has	have	VERB
ajfa-3411	127	18	the	the	DET
ajfa-3411	127	19	higher	high	ADJ
ajfa-3411	127	20	market	market	NOUN
ajfa-3411	127	21	risk	risk	NOUN
ajfa-3411	127	22	exposure	exposure	NOUN
ajfa-3411	127	23	than	than	ADP
ajfa-3411	127	24	that	that	PRON
ajfa-3411	127	25	of	of	ADP
ajfa-3411	127	26	the	the	DET
ajfa-3411	127	27	other	other	ADJ
ajfa-3411	127	28	three	three	NUM
ajfa-3411	127	29	(	(	PUNCT
ajfa-3411	127	30	3	3	NUM
ajfa-3411	127	31	)	)	PUNCT
ajfa-3411	127	32	industries	industry	NOUN
ajfa-3411	127	33	when	when	SCONJ
ajfa-3411	127	34	we	we	PRON
ajfa-3411	127	35	consider	consider	VERB
ajfa-3411	127	36	impacts	impact	NOUN
ajfa-3411	127	37	of	of	ADP
ajfa-3411	127	38	financial	financial	ADJ
ajfa-3411	127	39	leverage	leverage	NOUN
ajfa-3411	127	40	.	.	PUNCT
ajfa-3411	128	1	also	also	ADV
ajfa-3411	128	2	the	the	DET
ajfa-3411	128	3	equity	equity	NOUN
ajfa-3411	128	4	and	and	CCONJ
ajfa-3411	128	5	asset	asset	NOUN
ajfa-3411	128	6	beta	beta	NOUN
ajfa-3411	128	7	variance	variance	NOUN
ajfa-3411	128	8	(	(	PUNCT
ajfa-3411	128	9	0,29	0,29	NUM
ajfa-3411	128	10	and	and	CCONJ
ajfa-3411	128	11	0,21	0,21	NUM
ajfa-3411	128	12	)	)	PUNCT
ajfa-3411	128	13	show	show	VERB
ajfa-3411	128	14	a	a	DET
ajfa-3411	128	15	larger	large	ADJ
ajfa-3411	128	16	dispersion	dispersion	NOUN
ajfa-3411	128	17	than	than	ADP
ajfa-3411	128	18	,	,	PUNCT
ajfa-3411	128	19	esp	esp	ADJ
ajfa-3411	128	20	.	.	PUNCT
ajfa-3411	128	21	,	,	PUNCT
ajfa-3411	128	22	hardware	hardware	NOUN
ajfa-3411	128	23	and	and	CCONJ
ajfa-3411	128	24	electrical	electrical	ADJ
ajfa-3411	128	25	/	/	SYM
ajfa-3411	128	26	electronic	electronic	ADJ
ajfa-3411	128	27	firms	firm	NOUN
ajfa-3411	128	28	.	.	PUNCT
ajfa-3411	129	1	the	the	DET
ajfa-3411	129	2	reasons	reason	NOUN
ajfa-3411	129	3	might	might	AUX
ajfa-3411	129	4	come	come	VERB
ajfa-3411	129	5	from	from	ADP
ajfa-3411	129	6	market	market	NOUN
ajfa-3411	129	7	factors	factor	NOUN
ajfa-3411	129	8	and	and	CCONJ
ajfa-3411	129	9	economic	economic	ADJ
ajfa-3411	129	10	crisis	crisis	NOUN
ajfa-3411	129	11	.	.	PUNCT
ajfa-3411	130	1	in	in	ADP
ajfa-3411	130	2	general	general	ADJ
ajfa-3411	130	3	,	,	PUNCT
ajfa-3411	130	4	our	our	PRON
ajfa-3411	130	5	empirical	empirical	ADJ
ajfa-3411	130	6	findings	finding	NOUN
ajfa-3411	130	7	state	state	NOUN
ajfa-3411	130	8	that	that	SCONJ
ajfa-3411	130	9	they	they	PRON
ajfa-3411	130	10	are	be	AUX
ajfa-3411	130	11	not	not	PART
ajfa-3411	130	12	in	in	ADP
ajfa-3411	130	13	favor	favor	NOUN
ajfa-3411	130	14	of	of	ADP
ajfa-3411	130	15	our	our	PRON
ajfa-3411	130	16	1st	1st	ADJ
ajfa-3411	130	17	and	and	CCONJ
ajfa-3411	130	18	2nd	2nd	ADJ
ajfa-3411	130	19	and	and	CCONJ
ajfa-3411	130	20	3rd	3rd	ADJ
ajfa-3411	130	21	hypotheses	hypothesis	NOUN
ajfa-3411	130	22	or	or	CCONJ
ajfa-3411	130	23	research	research	NOUN
ajfa-3411	130	24	issues	issue	NOUN
ajfa-3411	130	25	.	.	PUNCT
ajfa-3411	131	1	in	in	ADP
ajfa-3411	131	2	summary	summary	NOUN
ajfa-3411	131	3	,	,	PUNCT
ajfa-3411	131	4	though	though	SCONJ
ajfa-3411	131	5	viet	viet	PROPN
ajfa-3411	131	6	nam	nam	PROPN
ajfa-3411	131	7	is	be	AUX
ajfa-3411	131	8	an	an	DET
ajfa-3411	131	9	emerging	emerge	VERB
ajfa-3411	131	10	market	market	NOUN
ajfa-3411	131	11	with	with	ADP
ajfa-3411	131	12	imperfect	imperfect	ADJ
ajfa-3411	131	13	financial	financial	ADJ
ajfa-3411	131	14	system	system	NOUN
ajfa-3411	131	15	,	,	PUNCT
ajfa-3411	131	16	the	the	DET
ajfa-3411	131	17	beta	beta	ADJ
ajfa-3411	131	18	values	value	NOUN
ajfa-3411	131	19	estimated	estimate	VERB
ajfa-3411	131	20	are	be	AUX
ajfa-3411	131	21	at	at	ADP
ajfa-3411	131	22	acceptable	acceptable	ADJ
ajfa-3411	131	23	level	level	NOUN
ajfa-3411	131	24	with	with	ADP
ajfa-3411	131	25	73	73	NUM
ajfa-3411	131	26	%	%	NOUN
ajfa-3411	131	27	firms	firm	NOUN
ajfa-3411	131	28	in	in	ADP
ajfa-3411	131	29	the	the	DET
ajfa-3411	131	30	research	research	NOUN
ajfa-3411	131	31	sample	sample	NOUN
ajfa-3411	131	32	while	while	SCONJ
ajfa-3411	131	33	just	just	ADV
ajfa-3411	131	34	a	a	DET
ajfa-3411	131	35	few	few	ADJ
ajfa-3411	131	36	companies	company	NOUN
ajfa-3411	131	37	’	'	PUNCT
ajfa-3411	131	38	beta	beta	ADJ
ajfa-3411	131	39	values	value	NOUN
ajfa-3411	131	40	are	be	AUX
ajfa-3411	131	41	risky	risky	ADJ
ajfa-3411	131	42	(	(	PUNCT
ajfa-3411	131	43	about	about	ADV
ajfa-3411	131	44	27	27	NUM
ajfa-3411	131	45	%	%	NOUN
ajfa-3411	131	46	firms	firm	NOUN
ajfa-3411	131	47	)	)	PUNCT
ajfa-3411	131	48	.	.	PUNCT
ajfa-3411	132	1	additionally	additionally	ADV
ajfa-3411	132	2	,	,	PUNCT
ajfa-3411	132	3	it	it	PRON
ajfa-3411	132	4	indicates	indicate	VERB
ajfa-3411	132	5	the	the	DET
ajfa-3411	132	6	higher	high	ADJ
ajfa-3411	132	7	the	the	DET
ajfa-3411	132	8	using	using	NOUN
ajfa-3411	132	9	of	of	ADP
ajfa-3411	132	10	financial	financial	ADJ
ajfa-3411	132	11	leverage	leverage	NOUN
ajfa-3411	132	12	,	,	PUNCT
ajfa-3411	132	13	the	the	PRON
ajfa-3411	132	14	lower	low	ADJ
ajfa-3411	132	15	the	the	DET
ajfa-3411	132	16	beta	beta	ADJ
ajfa-3411	132	17	values	value	NOUN
ajfa-3411	132	18	.	.	PUNCT
ajfa-3411	133	1	in	in	ADP
ajfa-3411	133	2	reality	reality	NOUN
ajfa-3411	133	3	,	,	PUNCT
ajfa-3411	133	4	there	there	PRON
ajfa-3411	133	5	are	be	VERB
ajfa-3411	133	6	70	70	NUM
ajfa-3411	133	7	%	%	NOUN
ajfa-3411	133	8	of	of	ADP
ajfa-3411	133	9	computer	computer	NOUN
ajfa-3411	133	10	and	and	CCONJ
ajfa-3411	133	11	electrical	electrical	ADJ
ajfa-3411	133	12	firms	firm	NOUN
ajfa-3411	133	13	which	which	PRON
ajfa-3411	133	14	has	have	VERB
ajfa-3411	133	15	0	0	NUM
ajfa-3411	133	16	<	<	X
ajfa-3411	133	17	beta<1	beta<1	NOUN
ajfa-3411	133	18	in	in	ADP
ajfa-3411	133	19	this	this	DET
ajfa-3411	133	20	research	research	NOUN
ajfa-3411	133	21	sample	sample	NOUN
ajfa-3411	133	22	.	.	PUNCT
ajfa-3411	134	1	the	the	DET
ajfa-3411	134	2	financial	financial	ADJ
ajfa-3411	134	3	crisis	crisis	NOUN
ajfa-3411	134	4	might	might	AUX
ajfa-3411	134	5	cause	cause	VERB
ajfa-3411	134	6	troubles	trouble	NOUN
ajfa-3411	134	7	for	for	ADP
ajfa-3411	134	8	these	these	DET
ajfa-3411	134	9	businesses	business	NOUN
ajfa-3411	134	10	,	,	PUNCT
ajfa-3411	134	11	but	but	CCONJ
ajfa-3411	134	12	if	if	SCONJ
ajfa-3411	134	13	they	they	PRON
ajfa-3411	134	14	can	can	AUX
ajfa-3411	134	15	continue	continue	VERB
ajfa-3411	134	16	to	to	PART
ajfa-3411	134	17	borrow	borrow	VERB
ajfa-3411	134	18	sufficient	sufficient	ADJ
ajfa-3411	134	19	money	money	NOUN
ajfa-3411	134	20	from	from	ADP
ajfa-3411	134	21	financial	financial	ADJ
ajfa-3411	134	22	markets	market	NOUN
ajfa-3411	134	23	,	,	PUNCT
ajfa-3411	134	24	it	it	PRON
ajfa-3411	134	25	can	can	AUX
ajfa-3411	134	26	be	be	AUX
ajfa-3411	134	27	good	good	ADJ
ajfa-3411	134	28	for	for	ADP
ajfa-3411	134	29	their	their	PRON
ajfa-3411	134	30	risk	risk	NOUN
ajfa-3411	134	31	management	management	NOUN
ajfa-3411	134	32	.	.	PUNCT
ajfa-3411	135	1	furthermore	furthermore	ADV
ajfa-3411	135	2	,	,	PUNCT
ajfa-3411	135	3	if	if	SCONJ
ajfa-3411	135	4	we	we	PRON
ajfa-3411	135	5	compare	compare	VERB
ajfa-3411	135	6	these	these	DET
ajfa-3411	135	7	data	datum	NOUN
ajfa-3411	135	8	and	and	CCONJ
ajfa-3411	135	9	values	value	NOUN
ajfa-3411	135	10	to	to	ADP
ajfa-3411	135	11	those	those	PRON
ajfa-3411	135	12	of	of	ADP
ajfa-3411	135	13	construction	construction	NOUN
ajfa-3411	135	14	and	and	CCONJ
ajfa-3411	135	15	real	real	ADJ
ajfa-3411	135	16	estate	estate	NOUN
ajfa-3411	135	17	firms	firm	NOUN
ajfa-3411	135	18	in	in	ADP
ajfa-3411	135	19	our	our	PRON
ajfa-3411	135	20	previous	previous	ADJ
ajfa-3411	135	21	research	research	NOUN
ajfa-3411	135	22	(	(	PUNCT
ajfa-3411	135	23	see	see	VERB
ajfa-3411	135	24	the	the	DET
ajfa-3411	135	25	reference	reference	NOUN
ajfa-3411	135	26	list	list	NOUN
ajfa-3411	135	27	and	and	CCONJ
ajfa-3411	135	28	exhibit	exhibit	VERB
ajfa-3411	135	29	5	5	NUM
ajfa-3411	135	30	)	)	PUNCT
ajfa-3411	135	31	,	,	PUNCT
ajfa-3411	135	32	we	we	PRON
ajfa-3411	135	33	might	might	AUX
ajfa-3411	135	34	see	see	VERB
ajfa-3411	135	35	that	that	SCONJ
ajfa-3411	135	36	in	in	ADP
ajfa-3411	135	37	here	here	ADV
ajfa-3411	135	38	,	,	PUNCT
ajfa-3411	135	39	the	the	DET
ajfa-3411	135	40	beta	beta	NOUN
ajfa-3411	135	41	mean	mean	NOUN
ajfa-3411	135	42	can	can	AUX
ajfa-3411	135	43	be	be	AUX
ajfa-3411	135	44	a	a	DET
ajfa-3411	135	45	little	little	ADJ
ajfa-3411	135	46	bit	bit	NOUN
ajfa-3411	135	47	lower	low	ADJ
ajfa-3411	135	48	.	.	PUNCT
ajfa-3411	136	1	the	the	DET
ajfa-3411	136	2	reason	reason	NOUN
ajfa-3411	136	3	could	could	AUX
ajfa-3411	136	4	be	be	AUX
ajfa-3411	136	5	the	the	DET
ajfa-3411	136	6	impacts	impact	NOUN
ajfa-3411	136	7	from	from	ADP
ajfa-3411	136	8	the	the	DET
ajfa-3411	136	9	crisis	crisis	NOUN
ajfa-3411	136	10	on	on	ADP
ajfa-3411	136	11	this	this	DET
ajfa-3411	136	12	industrial	industrial	ADJ
ajfa-3411	136	13	company	company	NOUN
ajfa-3411	136	14	groups	group	NOUN
ajfa-3411	136	15	are	be	AUX
ajfa-3411	136	16	less	less	ADJ
ajfa-3411	136	17	than	than	ADP
ajfa-3411	136	18	on	on	ADP
ajfa-3411	136	19	the	the	DET
ajfa-3411	136	20	construction	construction	NOUN
ajfa-3411	136	21	and	and	CCONJ
ajfa-3411	136	22	real	real	ADJ
ajfa-3411	136	23	estate	estate	NOUN
ajfa-3411	136	24	company	company	NOUN
ajfa-3411	136	25	groups	group	NOUN
ajfa-3411	136	26	.	.	PUNCT
ajfa-3411	137	1	finally	finally	ADV
ajfa-3411	137	2	,	,	PUNCT
ajfa-3411	137	3	this	this	DET
ajfa-3411	137	4	paper	paper	NOUN
ajfa-3411	137	5	suggests	suggest	VERB
ajfa-3411	137	6	implications	implication	NOUN
ajfa-3411	137	7	for	for	ADP
ajfa-3411	137	8	further	further	ADJ
ajfa-3411	137	9	research	research	NOUN
ajfa-3411	137	10	and	and	CCONJ
ajfa-3411	137	11	policy	policy	NOUN
ajfa-3411	137	12	suggestion	suggestion	NOUN
ajfa-3411	137	13	for	for	ADP
ajfa-3411	137	14	the	the	DET
ajfa-3411	137	15	viet	viet	PROPN
ajfa-3411	137	16	nam	nam	NOUN
ajfa-3411	137	17	government	government	NOUN
ajfa-3411	137	18	and	and	CCONJ
ajfa-3411	137	19	relevant	relevant	ADJ
ajfa-3411	137	20	organizations	organization	NOUN
ajfa-3411	137	21	,	,	PUNCT
ajfa-3411	137	22	economists	economist	NOUN
ajfa-3411	137	23	and	and	CCONJ
ajfa-3411	137	24	investors	investor	NOUN
ajfa-3411	137	25	from	from	ADP
ajfa-3411	137	26	current	current	ADJ
ajfa-3411	137	27	market	market	NOUN
ajfa-3411	137	28	conditions	condition	NOUN
ajfa-3411	137	29	.	.	PUNCT
ajfa-3411	138	1	references	reference	NOUN
ajfa-3411	138	2	adb	adb	PROPN
ajfa-3411	138	3	and	and	CCONJ
ajfa-3411	138	4	viet	viet	PROPN
ajfa-3411	138	5	nam	nam	PROPN
ajfa-3411	138	6	fact	fact	NOUN
ajfa-3411	138	7	sheet	sheet	NOUN
ajfa-3411	138	8	.	.	PUNCT
ajfa-3411	139	1	(	(	PUNCT
ajfa-3411	139	2	2010	2010	NUM
ajfa-3411	139	3	)	)	PUNCT
ajfa-3411	139	4	.	.	PUNCT
ajfa-3411	140	1	ang	ang	PROPN
ajfa-3411	140	2	,	,	PUNCT
ajfa-3411	140	3	a.	a.	PROPN
ajfa-3411	140	4	,	,	PUNCT
ajfa-3411	140	5	&	&	CCONJ
ajfa-3411	140	6	chen	chen	PROPN
ajfa-3411	140	7	,	,	PUNCT
ajfa-3411	140	8	j.	j.	PROPN
ajfa-3411	140	9	(	(	PUNCT
ajfa-3411	140	10	2007	2007	NUM
ajfa-3411	140	11	)	)	PUNCT
ajfa-3411	140	12	.	.	PUNCT
ajfa-3411	141	1	capm	capm	NOUN
ajfa-3411	141	2	over	over	ADP
ajfa-3411	141	3	the	the	DET
ajfa-3411	141	4	long	long	ADJ
ajfa-3411	141	5	run	run	NOUN
ajfa-3411	141	6	:	:	PUNCT
ajfa-3411	141	7	1926	1926	NUM
ajfa-3411	141	8	-	-	SYM
ajfa-3411	141	9	2001	2001	NUM
ajfa-3411	141	10	.	.	PUNCT
ajfa-3411	142	1	journal	journal	NOUN
ajfa-3411	142	2	of	of	ADP
ajfa-3411	142	3	empirical	empirical	ADJ
ajfa-3411	142	4	finance	finance	NOUN
ajfa-3411	142	5	.	.	PUNCT
ajfa-3411	143	1	asian	asian	ADJ
ajfa-3411	143	2	journal	journal	PROPN
ajfa-3411	143	3	of	of	ADP
ajfa-3411	143	4	finance	finance	PROPN
ajfa-3411	143	5	&	&	CCONJ
ajfa-3411	143	6	accounting	accounting	PROPN
ajfa-3411	143	7	issn	issn	PROPN
ajfa-3411	143	8	1946	1946	NUM
ajfa-3411	143	9	-	-	PUNCT
ajfa-3411	143	10	052x	052x	NOUN
ajfa-3411	143	11	2013	2013	NUM
ajfa-3411	143	12	,	,	PUNCT
ajfa-3411	143	13	vol	vol	NOUN
ajfa-3411	143	14	.	.	PROPN
ajfa-3411	143	15	5	5	NUM
ajfa-3411	143	16	,	,	PUNCT
ajfa-3411	143	17	no	no	INTJ
ajfa-3411	143	18	.	.	NOUN
ajfa-3411	143	19	1	1	NUM
ajfa-3411	143	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	143	21	137	137	NUM
ajfa-3411	143	22	blitz	blitz	NOUN
ajfa-3411	143	23	,	,	PUNCT
ajfa-3411	143	24	david	david	PROPN
ajfa-3411	143	25	.	.	PROPN
ajfa-3411	143	26	,	,	PUNCT
ajfa-3411	143	27	pang	pang	PROPN
ajfa-3411	143	28	,	,	PUNCT
ajfa-3411	143	29	juan	juan	PROPN
ajfa-3411	143	30	.	.	PROPN
ajfa-3411	143	31	,	,	PUNCT
ajfa-3411	143	32	&	&	CCONJ
ajfa-3411	143	33	vliet	vliet	PROPN
ajfa-3411	143	34	,	,	PUNCT
ajfa-3411	143	35	pim	pim	PROPN
ajfa-3411	143	36	v.	v.	PROPN
ajfa-3411	143	37	(	(	PUNCT
ajfa-3411	143	38	2012	2012	NUM
ajfa-3411	143	39	)	)	PUNCT
ajfa-3411	143	40	.	.	PUNCT
ajfa-3411	144	1	the	the	DET
ajfa-3411	144	2	volatility	volatility	NOUN
ajfa-3411	144	3	effects	effect	NOUN
ajfa-3411	144	4	on	on	ADP
ajfa-3411	144	5	emerging	emerge	VERB
ajfa-3411	144	6	markets	market	NOUN
ajfa-3411	144	7	.	.	PUNCT
ajfa-3411	145	1	ssrn	ssrn	PROPN
ajfa-3411	145	2	working	work	VERB
ajfa-3411	145	3	paper	paper	NOUN
ajfa-3411	145	4	series	series	NOUN
ajfa-3411	145	5	.	.	PUNCT
ajfa-3411	146	1	cont	cont	PROPN
ajfa-3411	146	2	,	,	PUNCT
ajfa-3411	146	3	r.	r.	PROPN
ajfa-3411	146	4	(	(	PUNCT
ajfa-3411	146	5	2010	2010	NUM
ajfa-3411	146	6	)	)	PUNCT
ajfa-3411	146	7	.	.	PUNCT
ajfa-3411	147	1	empirical	empirical	ADJ
ajfa-3411	147	2	properties	property	NOUN
ajfa-3411	147	3	of	of	ADP
ajfa-3411	147	4	asset	asset	NOUN
ajfa-3411	147	5	returns	return	NOUN
ajfa-3411	147	6	:	:	PUNCT
ajfa-3411	147	7	stylized	stylize	VERB
ajfa-3411	147	8	facts	fact	NOUN
ajfa-3411	147	9	and	and	CCONJ
ajfa-3411	147	10	statistical	statistical	ADJ
ajfa-3411	147	11	issues	issue	NOUN
ajfa-3411	147	12	.	.	PUNCT
ajfa-3411	148	1	quantitative	quantitative	ADJ
ajfa-3411	148	2	finance	finance	NOUN
ajfa-3411	148	3	.	.	PUNCT
ajfa-3411	149	1	eugene	eugene	PROPN
ajfa-3411	149	2	,	,	PUNCT
ajfa-3411	149	3	fama	fama	PROPN
ajfa-3411	149	4	f.	f.	PROPN
ajfa-3411	149	5	,	,	PUNCT
ajfa-3411	149	6	&	&	CCONJ
ajfa-3411	149	7	french	french	PROPN
ajfa-3411	149	8	,	,	PUNCT
ajfa-3411	149	9	kenneth	kenneth	PROPN
ajfa-3411	149	10	r.	r.	PROPN
ajfa-3411	149	11	(	(	PUNCT
ajfa-3411	149	12	2004	2004	NUM
ajfa-3411	149	13	)	)	PUNCT
ajfa-3411	149	14	.	.	PUNCT
ajfa-3411	150	1	the	the	DET
ajfa-3411	150	2	capital	capital	NOUN
ajfa-3411	150	3	asset	asset	NOUN
ajfa-3411	150	4	pricing	pricing	NOUN
ajfa-3411	150	5	model	model	NOUN
ajfa-3411	150	6	:	:	PUNCT
ajfa-3411	150	7	theory	theory	NOUN
ajfa-3411	150	8	and	and	CCONJ
ajfa-3411	150	9	evidence	evidence	NOUN
ajfa-3411	150	10	.	.	PUNCT
ajfa-3411	151	1	journal	journal	NOUN
ajfa-3411	151	2	of	of	ADP
ajfa-3411	151	3	economic	economic	ADJ
ajfa-3411	151	4	perspectives	perspective	NOUN
ajfa-3411	151	5	.	.	PUNCT
ajfa-3411	152	1	eugene	eugene	NOUN
ajfa-3411	152	2	,	,	PUNCT
ajfa-3411	152	3	fama	fama	PROPN
ajfa-3411	152	4	f.	f.	PROPN
ajfa-3411	152	5	,	,	PUNCT
ajfa-3411	152	6	&	&	CCONJ
ajfa-3411	152	7	french	french	PROPN
ajfa-3411	152	8	,	,	PUNCT
ajfa-3411	152	9	kenneth	kenneth	PROPN
ajfa-3411	152	10	r	r	PROPN
ajfa-3411	152	11	..	..	PUNCT
ajfa-3411	152	12	(	(	PUNCT
ajfa-3411	152	13	2006	2006	NUM
ajfa-3411	152	14	)	)	PUNCT
ajfa-3411	152	15	.	.	PUNCT
ajfa-3411	153	1	the	the	DET
ajfa-3411	153	2	value	value	NOUN
ajfa-3411	153	3	premium	premium	NOUN
ajfa-3411	153	4	and	and	CCONJ
ajfa-3411	153	5	the	the	DET
ajfa-3411	153	6	capm	capm	PROPN
ajfa-3411	153	7	.	.	PUNCT
ajfa-3411	154	1	journal	journal	PROPN
ajfa-3411	154	2	of	of	ADP
ajfa-3411	154	3	finance	finance	NOUN
ajfa-3411	154	4	.	.	PUNCT
ajfa-3411	155	1	fernandez	fernandez	PROPN
ajfa-3411	155	2	,	,	PUNCT
ajfa-3411	155	3	pablo	pablo	PROPN
ajfa-3411	155	4	.	.	PUNCT
ajfa-3411	155	5	(	(	PUNCT
ajfa-3411	155	6	2008	2008	NUM
ajfa-3411	155	7	)	)	PUNCT
ajfa-3411	155	8	.	.	PUNCT
ajfa-3411	156	1	levered	lever	VERB
ajfa-3411	156	2	and	and	CCONJ
ajfa-3411	156	3	unlevered	unlevered	ADJ
ajfa-3411	156	4	beta	beta	NOUN
ajfa-3411	156	5	.	.	PUNCT
ajfa-3411	157	1	ssrn	ssrn	PROPN
ajfa-3411	157	2	working	work	VERB
ajfa-3411	157	3	paper	paper	NOUN
ajfa-3411	157	4	series	series	NOUN
ajfa-3411	157	5	.	.	PUNCT
ajfa-3411	158	1	http://www.hsx.vn/hsx/	http://www.hsx.vn/hsx/	NOUN
ajfa-3411	158	2	http://www.ifc.org/ifcext/mekongpsdf.nsf/content/psdp22	http://www.ifc.org/ifcext/mekongpsdf.nsf/content/psdp22	ADP
ajfa-3411	158	3	http://www.mofa.gov.vn/vi/	http://www.mofa.gov.vn/vi/	PROPN
ajfa-3411	158	4	huy	huy	PROPN
ajfa-3411	158	5	,	,	PUNCT
ajfa-3411	158	6	dinh	dinh	PROPN
ajfa-3411	158	7	t.n	t.n	PROPN
ajfa-3411	158	8	.	.	PROPN
ajfa-3411	158	9	(	(	PUNCT
ajfa-3411	158	10	2012	2012	NUM
ajfa-3411	158	11	)	)	PUNCT
ajfa-3411	158	12	.	.	PUNCT
ajfa-3411	159	1	estimating	estimate	VERB
ajfa-3411	159	2	beta	beta	NOUN
ajfa-3411	159	3	of	of	ADP
ajfa-3411	159	4	viet	viet	PROPN
ajfa-3411	159	5	nam	nam	PROPN
ajfa-3411	159	6	listed	list	VERB
ajfa-3411	159	7	construction	construction	NOUN
ajfa-3411	159	8	companies	company	NOUN
ajfa-3411	159	9	groups	group	NOUN
ajfa-3411	159	10	during	during	ADP
ajfa-3411	159	11	the	the	DET
ajfa-3411	159	12	crisis	crisis	NOUN
ajfa-3411	159	13	.	.	PUNCT
ajfa-3411	160	1	journal	journal	NOUN
ajfa-3411	160	2	of	of	ADP
ajfa-3411	160	3	integration	integration	NOUN
ajfa-3411	160	4	and	and	CCONJ
ajfa-3411	160	5	development	development	NOUN
ajfa-3411	160	6	.	.	PUNCT
ajfa-3411	161	1	rogers	rogers	PROPN
ajfa-3411	161	2	,	,	PUNCT
ajfa-3411	161	3	pablo	pablo	PROPN
ajfa-3411	161	4	.	.	PROPN
ajfa-3411	161	5	,	,	PUNCT
ajfa-3411	161	6	securato	securato	PROPN
ajfa-3411	161	7	,	,	PUNCT
ajfa-3411	161	8	and	and	CCONJ
ajfa-3411	161	9	jose	jose	PROPN
ajfa-3411	161	10	roberto	roberto	PROPN
ajfa-3411	161	11	.	.	PUNCT
ajfa-3411	162	1	(	(	PUNCT
ajfa-3411	162	2	2007	2007	NUM
ajfa-3411	162	3	)	)	PUNCT
ajfa-3411	162	4	.	.	PUNCT
ajfa-3411	163	1	comparative	comparative	ADJ
ajfa-3411	163	2	study	study	NOUN
ajfa-3411	163	3	of	of	ADP
ajfa-3411	163	4	capm	capm	PROPN
ajfa-3411	163	5	,	,	PUNCT
ajfa-3411	163	6	fama	fama	PROPN
ajfa-3411	163	7	and	and	CCONJ
ajfa-3411	163	8	french	french	ADJ
ajfa-3411	163	9	model	model	NOUN
ajfa-3411	163	10	and	and	CCONJ
ajfa-3411	163	11	reward	reward	VERB
ajfa-3411	163	12	beta	beta	ADJ
ajfa-3411	163	13	approach	approach	NOUN
ajfa-3411	163	14	in	in	ADP
ajfa-3411	163	15	the	the	DET
ajfa-3411	163	16	brazilian	brazilian	ADJ
ajfa-3411	163	17	market	market	NOUN
ajfa-3411	163	18	.	.	PUNCT
ajfa-3411	164	1	ssrn	ssrn	PROPN
ajfa-3411	164	2	working	work	VERB
ajfa-3411	164	3	paper	paper	NOUN
ajfa-3411	164	4	series	series	NOUN
ajfa-3411	164	5	.	.	PUNCT
ajfa-3411	165	1	exhibit	exhibit	NOUN
ajfa-3411	165	2	exhibit	exhibit	NOUN
ajfa-3411	165	3	1	1	NUM
ajfa-3411	165	4	–	–	PUNCT
ajfa-3411	165	5	interest	interest	NOUN
ajfa-3411	165	6	rates	rate	NOUN
ajfa-3411	165	7	,	,	PUNCT
ajfa-3411	165	8	inflation	inflation	NOUN
ajfa-3411	165	9	,	,	PUNCT
ajfa-3411	165	10	gdp	gdp	NOUN
ajfa-3411	165	11	growth	growth	NOUN
ajfa-3411	165	12	and	and	CCONJ
ajfa-3411	165	13	macroeconomics	macroeconomic	NOUN
ajfa-3411	165	14	factors	factor	NOUN
ajfa-3411	165	15	(	(	PUNCT
ajfa-3411	165	16	source	source	NOUN
ajfa-3411	165	17	:	:	PUNCT
ajfa-3411	165	18	viet	viet	PROPN
ajfa-3411	165	19	nam	nam	NOUN
ajfa-3411	165	20	commercial	commercial	ADJ
ajfa-3411	165	21	banks	bank	NOUN
ajfa-3411	165	22	and	and	CCONJ
ajfa-3411	165	23	economic	economic	ADJ
ajfa-3411	165	24	statistical	statistical	ADJ
ajfa-3411	165	25	bureau	bureau	NOUN
ajfa-3411	165	26	)	)	PUNCT
ajfa-3411	165	27	year	year	NOUN
ajfa-3411	165	28	basic	basic	ADJ
ajfa-3411	165	29	rates	rate	NOUN
ajfa-3411	165	30	lending	lending	NOUN
ajfa-3411	165	31	rates	rate	NOUN
ajfa-3411	165	32	deposit	deposit	NOUN
ajfa-3411	165	33	rates	rate	NOUN
ajfa-3411	165	34	inflation	inflation	NOUN
ajfa-3411	165	35	gdp	gdp	NOUN
ajfa-3411	165	36	usd	usd	PROPN
ajfa-3411	165	37	/	/	SYM
ajfa-3411	165	38	vnd	vnd	PROPN
ajfa-3411	165	39	rate	rate	NOUN
ajfa-3411	165	40	2011	2011	NUM
ajfa-3411	165	41	9	9	NUM
ajfa-3411	165	42	%	%	NOUN
ajfa-3411	165	43	18%-22	18%-22	NUM
ajfa-3411	165	44	%	%	NOUN
ajfa-3411	165	45	13%-14	13%-14	NUM
ajfa-3411	165	46	%	%	NOUN
ajfa-3411	165	47	18	18	NUM
ajfa-3411	165	48	%	%	NOUN
ajfa-3411	165	49	5,89	5,89	NUM
ajfa-3411	165	50	%	%	NOUN
ajfa-3411	165	51	20.670	20.670	NUM
ajfa-3411	165	52	2010	2010	NUM
ajfa-3411	165	53	8%-9	8%-9	NUM
ajfa-3411	165	54	%	%	NOUN
ajfa-3411	165	55	19%-20	19%-20	NUM
ajfa-3411	165	56	%	%	NOUN
ajfa-3411	165	57	13%-14	13%-14	NUM
ajfa-3411	165	58	%	%	NOUN
ajfa-3411	165	59	11,75	11,75	NUM
ajfa-3411	165	60	%	%	NOUN
ajfa-3411	165	61	(	(	PUNCT
ajfa-3411	165	62	estimated	estimate	VERB
ajfa-3411	165	63	at	at	ADP
ajfa-3411	165	64	dec	dec	PROPN
ajfa-3411	165	65	2010	2010	NUM
ajfa-3411	165	66	)	)	PUNCT
ajfa-3411	165	67	6,5	6,5	NUM
ajfa-3411	165	68	%	%	NOUN
ajfa-3411	165	69	(	(	PUNCT
ajfa-3411	165	70	expected	expect	VERB
ajfa-3411	165	71	)	)	PUNCT
ajfa-3411	165	72	19.495	19.495	NUM
ajfa-3411	165	73	2009	2009	NUM
ajfa-3411	165	74	7	7	NUM
ajfa-3411	165	75	%	%	NOUN
ajfa-3411	165	76	9%-12	9%-12	NUM
ajfa-3411	165	77	%	%	NOUN
ajfa-3411	165	78	9%-10	9%-10	NUM
ajfa-3411	165	79	%	%	NOUN
ajfa-3411	165	80	6,88	6,88	NUM
ajfa-3411	165	81	%	%	NOUN
ajfa-3411	165	82	5,2	5,2	NUM
ajfa-3411	165	83	%	%	NOUN
ajfa-3411	165	84	17.000	17.000	NUM
ajfa-3411	165	85	2008	2008	NUM
ajfa-3411	165	86	8,75%-14	8,75%-14	NUM
ajfa-3411	165	87	%	%	NOUN
ajfa-3411	165	88	19%-21	19%-21	NUM
ajfa-3411	165	89	%	%	NOUN
ajfa-3411	165	90	15%-16,5	15%-16,5	NUM
ajfa-3411	165	91	%	%	NOUN
ajfa-3411	165	92	22	22	NUM
ajfa-3411	165	93	%	%	NOUN
ajfa-3411	165	94	6,23	6,23	NUM
ajfa-3411	165	95	%	%	NOUN
ajfa-3411	165	96	17.700	17.700	NUM
ajfa-3411	165	97	2007	2007	NUM
ajfa-3411	165	98	8,25	8,25	NUM
ajfa-3411	165	99	%	%	NOUN
ajfa-3411	165	100	12%-15	12%-15	NUM
ajfa-3411	165	101	%	%	NOUN
ajfa-3411	165	102	9%-11	9%-11	NUM
ajfa-3411	165	103	%	%	NOUN
ajfa-3411	165	104	12,63	12,63	NUM
ajfa-3411	165	105	%	%	NOUN
ajfa-3411	165	106	8,44	8,44	NOUN
ajfa-3411	165	107	%	%	NOUN
ajfa-3411	165	108	16.132	16.132	NUM
ajfa-3411	165	109	2006	2006	NUM
ajfa-3411	165	110	8,25	8,25	NUM
ajfa-3411	165	111	%	%	NOUN
ajfa-3411	165	112	6,6	6,6	NUM
ajfa-3411	165	113	%	%	NOUN
ajfa-3411	165	114	8,17	8,17	NUM
ajfa-3411	165	115	%	%	NOUN
ajfa-3411	165	116	2005	2005	NUM
ajfa-3411	165	117	7,8	7,8	NUM
ajfa-3411	165	118	%	%	NOUN
ajfa-3411	165	119	8,4	8,4	NUM
ajfa-3411	165	120	%	%	NOUN
ajfa-3411	165	121	note	note	NOUN
ajfa-3411	165	122	approximately	approximately	ADV
ajfa-3411	165	123	(	(	PUNCT
ajfa-3411	165	124	2007	2007	NUM
ajfa-3411	165	125	:	:	PUNCT
ajfa-3411	165	126	required	require	VERB
ajfa-3411	165	127	reserves	reserve	NOUN
ajfa-3411	165	128	ratio	ratio	NOUN
ajfa-3411	165	129	at	at	ADP
ajfa-3411	165	130	sbv	sbv	PROPN
ajfa-3411	165	131	is	be	AUX
ajfa-3411	165	132	changed	change	VERB
ajfa-3411	165	133	from	from	ADP
ajfa-3411	165	134	5	5	NUM
ajfa-3411	165	135	%	%	NOUN
ajfa-3411	165	136	to	to	PART
ajfa-3411	165	137	10	10	NUM
ajfa-3411	165	138	%	%	NOUN
ajfa-3411	165	139	)	)	PUNCT
ajfa-3411	166	1	(	(	PUNCT
ajfa-3411	166	2	2009	2009	NUM
ajfa-3411	166	3	:	:	PUNCT
ajfa-3411	166	4	special	special	ADJ
ajfa-3411	166	5	supporting	support	VERB
ajfa-3411	166	6	interest	interest	NOUN
ajfa-3411	166	7	rate	rate	NOUN
ajfa-3411	166	8	is	be	AUX
ajfa-3411	166	9	4	4	NUM
ajfa-3411	166	10	%	%	NOUN
ajfa-3411	166	11	)	)	PUNCT
ajfa-3411	166	12	asian	asian	ADJ
ajfa-3411	166	13	journal	journal	NOUN
ajfa-3411	166	14	of	of	ADP
ajfa-3411	166	15	finance	finance	PROPN
ajfa-3411	166	16	&	&	CCONJ
ajfa-3411	166	17	accounting	accounting	PROPN
ajfa-3411	166	18	issn	issn	PROPN
ajfa-3411	166	19	1946	1946	NUM
ajfa-3411	166	20	-	-	PUNCT
ajfa-3411	166	21	052x	052x	NOUN
ajfa-3411	166	22	2013	2013	NUM
ajfa-3411	166	23	,	,	PUNCT
ajfa-3411	166	24	vol	vol	NOUN
ajfa-3411	166	25	.	.	PROPN
ajfa-3411	166	26	5	5	NUM
ajfa-3411	166	27	,	,	PUNCT
ajfa-3411	166	28	no	no	INTJ
ajfa-3411	166	29	.	.	NOUN
ajfa-3411	166	30	1	1	NUM
ajfa-3411	166	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	166	32	138	138	NUM
ajfa-3411	166	33	exhibit	exhibit	NOUN
ajfa-3411	166	34	2	2	NUM
ajfa-3411	166	35	–	–	PUNCT
ajfa-3411	166	36	estimating	estimate	VERB
ajfa-3411	166	37	beta	beta	ADJ
ajfa-3411	166	38	results	result	NOUN
ajfa-3411	166	39	for	for	ADP
ajfa-3411	166	40	viet	viet	PROPN
ajfa-3411	166	41	nam	nam	PROPN
ajfa-3411	166	42	listed	list	VERB
ajfa-3411	166	43	software	software	NOUN
ajfa-3411	166	44	companies	company	NOUN
ajfa-3411	166	45	(	(	PUNCT
ajfa-3411	166	46	as	as	ADP
ajfa-3411	166	47	of	of	ADP
ajfa-3411	166	48	dec	dec	PROPN
ajfa-3411	166	49	2012	2012	NUM
ajfa-3411	166	50	)	)	PUNCT
ajfa-3411	166	51	(	(	PUNCT
ajfa-3411	166	52	source	source	NOUN
ajfa-3411	166	53	:	:	PUNCT
ajfa-3411	166	54	viet	viet	PROPN
ajfa-3411	166	55	nam	nam	PROPN
ajfa-3411	166	56	stock	stock	PROPN
ajfa-3411	166	57	exchange	exchange	PROPN
ajfa-3411	166	58	data	datum	NOUN
ajfa-3411	166	59	)	)	PUNCT
ajfa-3411	166	60	order	order	NOUN
ajfa-3411	166	61	no	no	NOUN
ajfa-3411	166	62	.	.	PUNCT
ajfa-3411	167	1	company	company	NOUN
ajfa-3411	167	2	stock	stock	PROPN
ajfa-3411	167	3	code	code	PROPN
ajfa-3411	167	4	equity	equity	PROPN
ajfa-3411	167	5	beta	beta	PROPN
ajfa-3411	167	6	asset	asset	NOUN
ajfa-3411	167	7	beta	beta	NOUN
ajfa-3411	167	8	(	(	PUNCT
ajfa-3411	167	9	assume	assume	VERB
ajfa-3411	167	10	debt	debt	NOUN
ajfa-3411	167	11	beta	beta	NOUN
ajfa-3411	167	12	=	=	SYM
ajfa-3411	167	13	0	0	X
ajfa-3411	167	14	)	)	PUNCT
ajfa-3411	167	15	note	note	NOUN
ajfa-3411	167	16	1	1	NUM
ajfa-3411	167	17	fpt	fpt	NOUN
ajfa-3411	167	18	0,976	0,976	NUM
ajfa-3411	167	19	0,364	0,364	NUM
ajfa-3411	167	20	2	2	NUM
ajfa-3411	167	21	cmg	cmg	NOUN
ajfa-3411	167	22	0,949	0,949	NUM
ajfa-3411	167	23	0,348	0,348	NUM
ajfa-3411	167	24	3	3	NUM
ajfa-3411	167	25	srb	srb	NOUN
ajfa-3411	167	26	1,051	1,051	NUM
ajfa-3411	167	27	1,019	1,019	NUM
ajfa-3411	167	28	4	4	NUM
ajfa-3411	167	29	vla	vla	NOUN
ajfa-3411	167	30	0,125	0,125	NUM
ajfa-3411	167	31	0,111	0,111	NUM
ajfa-3411	167	32	sra	sra	PROPN
ajfa-3411	167	33	as	as	ADP
ajfa-3411	167	34	comparable	comparable	ADJ
ajfa-3411	167	35	5	5	NUM
ajfa-3411	167	36	hig	hig	NOUN
ajfa-3411	167	37	1,112	1,112	NUM
ajfa-3411	167	38	0,740	0,740	NUM
ajfa-3411	167	39	6	6	NUM
ajfa-3411	167	40	sra	sra	NOUN
ajfa-3411	167	41	0,137	0,137	NUM
ajfa-3411	167	42	0,088	0,088	NUM
ajfa-3411	167	43	exhibit	exhibit	VERB
ajfa-3411	167	44	3	3	NUM
ajfa-3411	167	45	–	–	PUNCT
ajfa-3411	167	46	estimating	estimate	VERB
ajfa-3411	167	47	beta	beta	ADJ
ajfa-3411	167	48	results	result	NOUN
ajfa-3411	167	49	for	for	SCONJ
ajfa-3411	167	50	viet	viet	PROPN
ajfa-3411	167	51	nam	nam	PROPN
ajfa-3411	167	52	listed	list	VERB
ajfa-3411	167	53	hardware	hardware	NOUN
ajfa-3411	167	54	companies	company	NOUN
ajfa-3411	167	55	(	(	PUNCT
ajfa-3411	167	56	as	as	ADP
ajfa-3411	167	57	of	of	ADP
ajfa-3411	167	58	dec	dec	PROPN
ajfa-3411	167	59	2012	2012	NUM
ajfa-3411	167	60	)	)	PUNCT
ajfa-3411	167	61	(	(	PUNCT
ajfa-3411	167	62	source	source	NOUN
ajfa-3411	167	63	:	:	PUNCT
ajfa-3411	167	64	viet	viet	PROPN
ajfa-3411	167	65	nam	nam	PROPN
ajfa-3411	167	66	stock	stock	PROPN
ajfa-3411	167	67	exchange	exchange	PROPN
ajfa-3411	167	68	data	datum	NOUN
ajfa-3411	167	69	)	)	PUNCT
ajfa-3411	167	70	order	order	NOUN
ajfa-3411	167	71	no	no	NOUN
ajfa-3411	167	72	.	.	PUNCT
ajfa-3411	168	1	company	company	NOUN
ajfa-3411	168	2	stock	stock	PROPN
ajfa-3411	168	3	code	code	PROPN
ajfa-3411	168	4	equity	equity	PROPN
ajfa-3411	168	5	beta	beta	PROPN
ajfa-3411	168	6	asset	asset	NOUN
ajfa-3411	168	7	beta	beta	NOUN
ajfa-3411	168	8	(	(	PUNCT
ajfa-3411	168	9	assume	assume	VERB
ajfa-3411	168	10	debt	debt	NOUN
ajfa-3411	168	11	beta	beta	NOUN
ajfa-3411	168	12	=	=	SYM
ajfa-3411	168	13	0	0	X
ajfa-3411	168	14	)	)	PUNCT
ajfa-3411	168	15	note	note	NOUN
ajfa-3411	168	16	1	1	NUM
ajfa-3411	168	17	cmt	cmt	NOUN
ajfa-3411	168	18	0,665	0,665	NUM
ajfa-3411	168	19	0,326	0,326	NUM
ajfa-3411	168	20	2	2	NUM
ajfa-3411	168	21	svt	svt	VERB
ajfa-3411	168	22	0,860	0,860	NUM
ajfa-3411	168	23	0,651	0,651	NUM
ajfa-3411	168	24	tlc	tlc	NOUN
ajfa-3411	168	25	as	as	ADP
ajfa-3411	168	26	comparable	comparable	ADJ
ajfa-3411	168	27	3	3	NUM
ajfa-3411	168	28	vie	vie	NOUN
ajfa-3411	168	29	0,283	0,283	NUM
ajfa-3411	168	30	0,054	0,054	NUM
ajfa-3411	168	31	uni	uni	PROPN
ajfa-3411	168	32	as	as	ADP
ajfa-3411	168	33	comparable	comparable	ADJ
ajfa-3411	168	34	4	4	NUM
ajfa-3411	168	35	hpt	hpt	NOUN
ajfa-3411	168	36	0,238	0,238	NUM
ajfa-3411	168	37	0,063	0,063	NUM
ajfa-3411	168	38	tst	tst	NOUN
ajfa-3411	168	39	as	as	ADP
ajfa-3411	168	40	comparable	comparable	ADJ
ajfa-3411	168	41	5	5	NUM
ajfa-3411	168	42	nis	nis	NOUN
ajfa-3411	168	43	0,347	0,347	NUM
ajfa-3411	168	44	0,165	0,165	NUM
ajfa-3411	168	45	vtc	vtc	PROPN
ajfa-3411	168	46	as	as	ADP
ajfa-3411	168	47	comparable	comparable	ADJ
ajfa-3411	168	48	6	6	NUM
ajfa-3411	168	49	tst	tst	NOUN
ajfa-3411	168	50	0,739	0,739	NUM
ajfa-3411	168	51	0,236	0,236	NUM
ajfa-3411	168	52	7	7	NUM
ajfa-3411	168	53	st8	st8	NOUN
ajfa-3411	168	54	0,891	0,891	NUM
ajfa-3411	168	55	0,682	0,682	NUM
ajfa-3411	168	56	8	8	NUM
ajfa-3411	168	57	tag	tag	NOUN
ajfa-3411	168	58	0,632	0,632	NUM
ajfa-3411	168	59	0,411	0,411	NUM
ajfa-3411	168	60	9	9	NUM
ajfa-3411	168	61	pot	pot	NOUN
ajfa-3411	168	62	1,046	1,046	NUM
ajfa-3411	168	63	0,533	0,533	NUM
ajfa-3411	168	64	10	10	NUM
ajfa-3411	168	65	ckv	ckv	NOUN
ajfa-3411	168	66	0,604	0,604	NUM
ajfa-3411	169	1	0,221	0,221	NUM
ajfa-3411	169	2	11	11	NUM
ajfa-3411	169	3	one	one	NUM
ajfa-3411	169	4	0,551	0,551	NUM
ajfa-3411	169	5	0,217	0,217	NUM
ajfa-3411	169	6	uni	uni	PROPN
ajfa-3411	169	7	as	as	ADP
ajfa-3411	169	8	comparable	comparable	ADJ
ajfa-3411	169	9	12	12	NUM
ajfa-3411	169	10	pmt	pmt	PROPN
ajfa-3411	169	11	1,234	1,234	NUM
ajfa-3411	169	12	1,056	1,056	NUM
ajfa-3411	169	13	13	13	NUM
ajfa-3411	169	14	smt	smt	NOUN
ajfa-3411	169	15	0,934	0,934	NUM
ajfa-3411	169	16	0,654	0,654	NUM
ajfa-3411	169	17	pmt	pmt	PROPN
ajfa-3411	169	18	as	as	ADP
ajfa-3411	169	19	comparable	comparable	ADJ
ajfa-3411	169	20	14	14	NUM
ajfa-3411	169	21	uni	uni	PROPN
ajfa-3411	169	22	1,186	1,186	NUM
ajfa-3411	169	23	0,732	0,732	NUM
ajfa-3411	169	24	15	15	NUM
ajfa-3411	169	25	tlc	tlc	NOUN
ajfa-3411	169	26	1,066	1,066	NUM
ajfa-3411	169	27	0,770	0,770	NUM
ajfa-3411	169	28	16	16	NUM
ajfa-3411	169	29	kst	kst	PROPN
ajfa-3411	169	30	0,679	0,679	NUM
ajfa-3411	169	31	0,386	0,386	NUM
ajfa-3411	169	32	tlc	tlc	NOUN
ajfa-3411	169	33	as	as	ADP
ajfa-3411	169	34	comparable	comparable	ADJ
ajfa-3411	169	35	17	17	NUM
ajfa-3411	169	36	vat	vat	NOUN
ajfa-3411	169	37	1,028	1,028	NUM
ajfa-3411	169	38	0,485	0,485	NUM
ajfa-3411	169	39	18	18	NUM
ajfa-3411	169	40	vtc	vtc	NOUN
ajfa-3411	169	41	0,635	0,635	NUM
ajfa-3411	169	42	0,431	0,431	NUM
ajfa-3411	169	43	19	19	NUM
ajfa-3411	169	44	elc	elc	NOUN
ajfa-3411	169	45	0,200	0,200	NUM
ajfa-3411	169	46	0,100	0,100	NUM
ajfa-3411	169	47	it	it	PRON
ajfa-3411	169	48	d	d	VERB
ajfa-3411	169	49	as	as	ADV
ajfa-3411	169	50	comparable	comparable	ADJ
ajfa-3411	169	51	20	20	NUM
ajfa-3411	169	52	sam	sam	PROPN
ajfa-3411	169	53	1,191	1,191	NUM
ajfa-3411	169	54	1,069	1,069	NUM
ajfa-3411	169	55	21	21	NUM
ajfa-3411	169	56	ltc	ltc	NOUN
ajfa-3411	169	57	1,102	1,102	NUM
ajfa-3411	169	58	0,329	0,329	NUM
ajfa-3411	169	59	22	22	NUM
ajfa-3411	170	1	it	it	PRON
ajfa-3411	170	2	d	d	NUM
ajfa-3411	170	3	0,351	0,351	NOUN
ajfa-3411	170	4	0,132	0,132	NUM
ajfa-3411	170	5	asian	asian	ADJ
ajfa-3411	170	6	journal	journal	NOUN
ajfa-3411	170	7	of	of	ADP
ajfa-3411	170	8	finance	finance	PROPN
ajfa-3411	170	9	&	&	CCONJ
ajfa-3411	170	10	accounting	accounting	PROPN
ajfa-3411	170	11	issn	issn	PROPN
ajfa-3411	170	12	1946	1946	NUM
ajfa-3411	170	13	-	-	PUNCT
ajfa-3411	170	14	052x	052x	NOUN
ajfa-3411	170	15	2013	2013	NUM
ajfa-3411	170	16	,	,	PUNCT
ajfa-3411	170	17	vol	vol	NOUN
ajfa-3411	170	18	.	.	PROPN
ajfa-3411	170	19	5	5	NUM
ajfa-3411	170	20	,	,	PUNCT
ajfa-3411	170	21	no	no	INTJ
ajfa-3411	170	22	.	.	NOUN
ajfa-3411	170	23	1	1	NUM
ajfa-3411	170	24	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3411	170	25	139	139	NUM
ajfa-3411	170	26	exhibit	exhibit	VERB
ajfa-3411	170	27	4	4	NUM
ajfa-3411	170	28	–	–	PUNCT
ajfa-3411	170	29	estimating	estimate	VERB
ajfa-3411	170	30	beta	beta	ADJ
ajfa-3411	170	31	results	result	NOUN
ajfa-3411	170	32	for	for	ADP
ajfa-3411	170	33	viet	viet	PROPN
ajfa-3411	170	34	nam	nam	PROPN
ajfa-3411	170	35	listed	list	VERB
ajfa-3411	170	36	comm	comm	NOUN
ajfa-3411	170	37	.	.	PUNCT
ajfa-3411	171	1	and	and	CCONJ
ajfa-3411	171	2	telecommunication	telecommunication	NOUN
ajfa-3411	171	3	companies	company	NOUN
ajfa-3411	171	4	(	(	PUNCT
ajfa-3411	171	5	as	as	ADP
ajfa-3411	171	6	of	of	ADP
ajfa-3411	171	7	dec	dec	PROPN
ajfa-3411	171	8	2012	2012	NUM
ajfa-3411	171	9	)	)	PUNCT
ajfa-3411	171	10	(	(	PUNCT
ajfa-3411	171	11	source	source	NOUN
ajfa-3411	171	12	:	:	PUNCT
ajfa-3411	171	13	viet	viet	PROPN
ajfa-3411	171	14	nam	nam	PROPN
ajfa-3411	171	15	stock	stock	PROPN
ajfa-3411	171	16	exchange	exchange	PROPN
ajfa-3411	171	17	data	datum	NOUN
ajfa-3411	171	18	)	)	PUNCT
ajfa-3411	171	19	order	order	NOUN
ajfa-3411	171	20	no	no	NOUN
ajfa-3411	171	21	.	.	PUNCT
ajfa-3411	172	1	company	company	NOUN
ajfa-3411	172	2	stock	stock	PROPN
ajfa-3411	172	3	code	code	PROPN
ajfa-3411	172	4	equity	equity	PROPN
ajfa-3411	172	5	beta	beta	PROPN
ajfa-3411	172	6	asset	asset	NOUN
ajfa-3411	172	7	beta	beta	NOUN
ajfa-3411	172	8	(	(	PUNCT
ajfa-3411	172	9	assume	assume	VERB
ajfa-3411	172	10	debt	debt	NOUN
ajfa-3411	172	11	beta	beta	NOUN
ajfa-3411	172	12	=	=	SYM
ajfa-3411	172	13	0	0	X
ajfa-3411	172	14	)	)	PUNCT
ajfa-3411	172	15	note	note	NOUN
ajfa-3411	172	16	1	1	NUM
ajfa-3411	172	17	eci	eci	NOUN
ajfa-3411	172	18	0,708	0,708	NUM
ajfa-3411	172	19	0,527	0,527	NUM
ajfa-3411	172	20	2	2	NUM
ajfa-3411	172	21	inn	inn	PROPN
ajfa-3411	172	22	0,195	0,195	NUM
ajfa-3411	172	23	0,104	0,104	NUM
ajfa-3411	172	24	3	3	NUM
ajfa-3411	172	25	ptp	ptp	NOUN
ajfa-3411	172	26	-0,524	-0,524	NOUN
ajfa-3411	172	27	-0,251	-0,251	PROPN
ajfa-3411	172	28	4	4	NUM
ajfa-3411	172	29	dhi	dhi	PROPN
ajfa-3411	172	30	0,740	0,740	NUM
ajfa-3411	172	31	0,547	0,547	NUM
ajfa-3411	172	32	5	5	NUM
ajfa-3411	172	33	ihk	ihk	NOUN
ajfa-3411	172	34	0,514	0,514	NUM
ajfa-3411	172	35	0,295	0,295	NUM
ajfa-3411	172	36	tph	tph	PROPN
ajfa-3411	172	37	as	as	ADV
ajfa-3411	172	38	comparable	comparable	ADJ
ajfa-3411	172	39	6	6	NUM
ajfa-3411	172	40	htp	htp	PROPN
ajfa-3411	172	41	1,091	1,091	NUM
ajfa-3411	172	42	0,846	0,846	NUM
ajfa-3411	172	43	7	7	NUM
ajfa-3411	172	44	tph	tph	NOUN
ajfa-3411	172	45	0,801	0,801	NUM
ajfa-3411	172	46	0,356	0,356	NUM
ajfa-3411	172	47	8	8	NUM
ajfa-3411	172	48	in4	in4	NOUN
ajfa-3411	172	49	0,473	0,473	NUM
ajfa-3411	172	50	0,284	0,284	NUM
ajfa-3411	172	51	eci	eci	PROPN
ajfa-3411	172	52	as	as	ADP
ajfa-3411	172	53	comparable	comparable	ADJ
ajfa-3411	172	54	9	9	NUM
ajfa-3411	172	55	adc	adc	NOUN
ajfa-3411	172	56	0,425	0,425	NUM
ajfa-3411	172	57	0,214	0,214	NUM
ajfa-3411	172	58	dhi	dhi	VERB
ajfa-3411	172	59	as	as	ADP
ajfa-3411	172	60	comparable	comparable	ADJ
ajfa-3411	172	61	10	10	NUM
ajfa-3411	172	62	hst	hst	PROPN
ajfa-3411	172	63	-0,042	-0,042	ADJ
ajfa-3411	172	64	-0,029	-0,029	ADJ
ajfa-3411	172	65	11	11	NUM
ajfa-3411	172	66	sgd	sgd	PROPN
ajfa-3411	172	67	1,089	1,089	NUM
ajfa-3411	172	68	0,581	0,581	NUM
ajfa-3411	172	69	12	12	NUM
ajfa-3411	172	70	dae	dae	NOUN
ajfa-3411	172	71	0,696	0,696	NUM
ajfa-3411	172	72	0,275	0,275	NUM
ajfa-3411	172	73	13	13	NUM
ajfa-3411	172	74	hev	hev	VERB
ajfa-3411	172	75	0,633	0,633	NUM
ajfa-3411	172	76	0,434	0,434	NUM
ajfa-3411	172	77	14	14	NUM
ajfa-3411	172	78	alt	alt	VERB
ajfa-3411	172	79	0,759	0,759	NUM
ajfa-3411	172	80	0,607	0,607	NUM
ajfa-3411	172	81	15	15	NUM
ajfa-3411	172	82	efi	efi	NOUN
ajfa-3411	172	83	2,056	2,056	NUM
ajfa-3411	172	84	1,941	1,941	NUM
ajfa-3411	172	85	16	16	NUM
ajfa-3411	172	86	eid	eid	NOUN
ajfa-3411	172	87	1,210	1,210	NUM
ajfa-3411	172	88	0,874	0,874	NUM
ajfa-3411	172	89	17	17	NUM
ajfa-3411	172	90	dad	dad	NOUN
ajfa-3411	172	91	0,625	0,625	NUM
ajfa-3411	172	92	0,423	0,423	NUM
ajfa-3411	172	93	18	18	NUM
ajfa-3411	172	94	sed	se	VERB
ajfa-3411	172	95	0,634	0,634	NUM
ajfa-3411	172	96	0,292	0,292	NUM
ajfa-3411	172	97	exhibit	exhibit	NOUN
ajfa-3411	172	98	5	5	NUM
ajfa-3411	172	99	–	–	PUNCT
ajfa-3411	172	100	statistical	statistical	ADJ
ajfa-3411	172	101	results	result	NOUN
ajfa-3411	172	102	of	of	ADP
ajfa-3411	172	103	three	three	NUM
ajfa-3411	172	104	(	(	PUNCT
ajfa-3411	172	105	3	3	NUM
ajfa-3411	172	106	)	)	PUNCT
ajfa-3411	172	107	groups	group	NOUN
ajfa-3411	172	108	of	of	ADP
ajfa-3411	172	109	103	103	NUM
ajfa-3411	172	110	listed	list	VERB
ajfa-3411	172	111	construction	construction	NOUN
ajfa-3411	172	112	firms	firm	NOUN
ajfa-3411	172	113	during	during	ADP
ajfa-3411	172	114	crisis	crisis	NOUN
ajfa-3411	172	115	period	period	NOUN
ajfa-3411	172	116	0,66	0,66	NUM
ajfa-3411	173	1	0,439	0,439	NUM
ajfa-3411	173	2	0,0511	0,0511	NOUN
ajfa-3411	173	3	0,1317	0,1317	ADJ
ajfa-3411	173	4	0,0697	0,0697	NOUN
ajfa-3411	173	5	0,891	0,891	NUM
ajfa-3411	173	6	0,663	0,663	NUM
ajfa-3411	173	7	0,0936	0,0936	NUM
ajfa-3411	173	8	0,0506	0,0506	NOUN
ajfa-3411	173	9	0,864	0,864	NUM
ajfa-3411	173	10	0,45	0,45	NUM
ajfa-3411	173	11	0,1163	0,1163	NUM
ajfa-3411	173	12	0	0	NUM
ajfa-3411	173	13	0,1	0,1	NUM
ajfa-3411	173	14	0,2	0,2	NUM
ajfa-3411	173	15	0,3	0,3	NUM
ajfa-3411	173	16	0,4	0,4	NUM
ajfa-3411	173	17	0,5	0,5	NUM
ajfa-3411	173	18	0,6	0,6	NUM
ajfa-3411	173	19	0,7	0,7	NUM
ajfa-3411	173	20	0,8	0,8	NUM
ajfa-3411	173	21	0,9	0,9	NUM
ajfa-3411	173	22	1	1	NUM
ajfa-3411	173	23	equity	equity	NOUN
ajfa-3411	173	24	beta	beta	NOUN
ajfa-3411	173	25	mean	mean	NOUN
ajfa-3411	173	26	asset	asset	NOUN
ajfa-3411	173	27	beta	beta	NOUN
ajfa-3411	173	28	mean	mean	NOUN
ajfa-3411	173	29	equity	equity	NOUN
ajfa-3411	173	30	beta	beta	PROPN
ajfa-3411	173	31	var	var	PROPN
ajfa-3411	173	32	asset	asset	NOUN
ajfa-3411	173	33	beta	beta	NOUN
ajfa-3411	173	34	var	var	NOUN
ajfa-3411	173	35	material	material	NOUN
ajfa-3411	173	36	construction	construction	NOUN
ajfa-3411	173	37	real	real	ADJ
ajfa-3411	173	38	estate	estate	NOUN